UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-04008
Fidelity Investment Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Nicole Macarchuk, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | October 31 |
Date of reporting period: | April 30, 2025 |
This report on Form N-CSR relates solely to the Registrant’s Fidelity Diversified International K6 Fund, Fidelity Emerging Markets Discovery Fund, Fidelity International Value Fund, Fidelity Global Equity Income Fund, Fidelity Diversified International Fund, Fidelity International Capital Appreciation Fund, Fidelity Overseas Fund, Fidelity Worldwide Fund, Fidelity International Growth Fund, Fidelity International Discovery K6 Fund, Fidelity International Discovery Fund, Fidelity International Small Cap Opportunities Fund, Fidelity International Small Cap Fund, Fidelity International Capital Appreciation K6 Fund, Fidelity Total International Equity Fund, Fidelity Canada Fund, Fidelity China Region Fund, Fidelity Emerging Asia Fund, Fidelity Emerging Markets Fund, Fidelity Europe Fund, Fidelity Japan Fund, Fidelity Japan Smaller Companies Fund, Fidelity Nordic Fund, and Fidelity Pacific Basin Fund (the “Funds”).
Item 1.
Reports to Stockholders
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Materials
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 22.3
|
|
United Kingdom - 13.4
|
|
United States - 6.6
|
|
Canada - 4.1
|
|
Australia - 3.8
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|
Spain - 3.6
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|
China - 3.5
|
|
Mexico - 3.5
|
|
Italy - 3.1
|
|
Others - 36.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Logista Integral SA
|
||
BayCurrent Inc
|
||
Premier Foods PLC
|
||
Ashtead Technology Holdings plc
|
||
Metlen Energy & Metals SA
|
||
Grupo Catalana Occidente SA
|
||
Century Pacific Food Inc
|
||
Richter Gedeon Nyrt
|
||
Spar Nord Bank A/S
|
||
Qualitas Controladora SAB de CV
|
||
10.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915712.100 1260-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 91.5
|
|
International Equity Funds - 4.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 26.5
|
|
United Kingdom - 15.1
|
|
Sweden - 14.1
|
|
United States - 10.9
|
|
Germany - 5.5
|
|
Netherlands - 4.7
|
|
Canada - 4.0
|
|
Belgium - 2.6
|
|
France - 2.5
|
|
Others - 14.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Lagercrantz Group AB B Shares
|
||
iShares MSCI EAFE Small-Cap ETF
|
||
AddTech AB B Shares
|
||
Azbil Corp
|
||
CTS Eventim AG & Co KGaA
|
||
Games Workshop Group PLC
|
||
KBC Ancora
|
||
Interpump Group SpA
|
||
Spectris PLC
|
||
Howden Joinery Group PLC
|
||
31.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915732.100 1483-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Discovery Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915642.100 305-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Diversified International K6 Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Health Care
|
||
Materials
|
||
Consumer Discretionary
|
||
Energy
|
||
Communication Services
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.4
|
|
Preferred Stocks - 0.5
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 5.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 17.3
|
|
United States - 16.0
|
|
United Kingdom - 15.5
|
|
Germany - 11.6
|
|
France - 9.1
|
|
Canada - 4.8
|
|
Netherlands - 4.2
|
|
Sweden - 3.0
|
|
Italy - 2.9
|
|
Others - 15.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Allianz SE
|
||
RELX PLC (Netherlands)
|
||
UniCredit SpA
|
||
London Stock Exchange Group PLC
|
||
Rolls-Royce Holdings PLC
|
||
Mitsubishi Heavy Industries Ltd
|
||
Wolters Kluwer NV
|
||
Astrazeneca PLC
|
||
19.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915793.100 2947-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.7
|
|
United States - 3.1
|
|
China - 0.2
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Sony Group Corp
|
||
Hitachi Ltd
|
||
Fujitsu Ltd
|
||
Tokio Marine Holdings Inc
|
||
Hoya Corp
|
||
ORIX Corp
|
||
Nintendo Co Ltd
|
||
Shin-Etsu Chemical Co Ltd
|
||
FUJIFILM Holdings Corp
|
||
35.9
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915687.100 3270-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Canada Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Energy
|
||
Industrials
|
||
Materials
|
||
Information Technology
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 99.0
|
|
Preferred Stocks - 0.3
|
|
Bonds - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Canada - 92.7
|
|
United States - 3.7
|
|
Brazil - 3.0
|
|
Chile - 0.5
|
|
Zambia - 0.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Royal Bank of Canada
|
||
Constellation Software Inc/Canada
|
||
Canadian Pacific Kansas City Ltd
|
||
Alimentation Couche-Tard Inc
|
||
Franco-Nevada Corp
|
||
Toronto Dominion Bank
|
||
Shopify Inc Class A
|
||
Dollarama Inc
|
||
Canadian Natural Resources Ltd
|
||
PrairieSky Royalty Ltd
|
||
46.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915649.100 309-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 91.5
|
|
International Equity Funds - 4.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 26.5
|
|
United Kingdom - 15.1
|
|
Sweden - 14.1
|
|
United States - 10.9
|
|
Germany - 5.5
|
|
Netherlands - 4.7
|
|
Canada - 4.0
|
|
Belgium - 2.6
|
|
France - 2.5
|
|
Others - 14.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Lagercrantz Group AB B Shares
|
||
iShares MSCI EAFE Small-Cap ETF
|
||
AddTech AB B Shares
|
||
Azbil Corp
|
||
CTS Eventim AG & Co KGaA
|
||
Games Workshop Group PLC
|
||
KBC Ancora
|
||
Interpump Group SpA
|
||
Spectris PLC
|
||
Howden Joinery Group PLC
|
||
31.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915734.100 1485-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 91.5
|
|
International Equity Funds - 4.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 26.5
|
|
United Kingdom - 15.1
|
|
Sweden - 14.1
|
|
United States - 10.9
|
|
Germany - 5.5
|
|
Netherlands - 4.7
|
|
Canada - 4.0
|
|
Belgium - 2.6
|
|
France - 2.5
|
|
Others - 14.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Lagercrantz Group AB B Shares
|
||
iShares MSCI EAFE Small-Cap ETF
|
||
AddTech AB B Shares
|
||
Azbil Corp
|
||
CTS Eventim AG & Co KGaA
|
||
Games Workshop Group PLC
|
||
KBC Ancora
|
||
Interpump Group SpA
|
||
Spectris PLC
|
||
Howden Joinery Group PLC
|
||
31.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915731.100 1481-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Taiwan - 17.8
|
|
China - 17.5
|
|
Brazil - 13.1
|
|
India - 11.9
|
|
Korea (South) - 7.6
|
|
Mexico - 5.5
|
|
Indonesia - 4.1
|
|
United States - 3.3
|
|
Poland - 2.7
|
|
Others - 16.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
OPAP SA
|
||
Localiza Rent a Car SA
|
||
Lion Finance Group PLC
|
||
Dino Polska SA
|
||
Max Healthcare Institute Ltd
|
||
Qualitas Controladora SAB de CV
|
||
Eicher Motors Ltd
|
||
Equatorial Energia SA
|
||
Shriram Finance Ltd
|
||
Banco de Chile ADR
|
||
14.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915778.100 2378-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 58.7
|
|
United Kingdom - 7.6
|
|
Germany - 7.1
|
|
Japan - 6.0
|
|
Canada - 4.9
|
|
France - 3.4
|
|
Taiwan - 2.3
|
|
Netherlands - 1.6
|
|
Ireland - 1.5
|
|
Others - 6.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Rheinmetall AG
|
||
Apple Inc
|
||
Microsoft Corp
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
JPMorgan Chase & Co
|
||
AbbVie Inc
|
||
NXP Semiconductors NV
|
||
T-Mobile US Inc
|
||
Eli Lilly & Co
|
||
Linde PLC
|
||
25.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9918441.100 7768-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Health Care
|
||
Materials
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 2.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 60.2
|
|
Taiwan - 29.1
|
|
Hong Kong - 4.1
|
|
United States - 3.2
|
|
Singapore - 1.4
|
|
Korea (South) - 1.1
|
|
South Africa - 0.5
|
|
France - 0.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Alibaba Group Holding Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
China Construction Bank Corp H Shares
|
||
AIA Group Ltd
|
||
Zijin Mining Group Co Ltd H Shares
|
||
Industrial & Commercial Bank of China Ltd H Shares
|
||
MediaTek Inc
|
||
Meituan B Shares
|
||
59.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915691.100 2066-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 58.7
|
|
United Kingdom - 7.6
|
|
Germany - 7.1
|
|
Japan - 6.0
|
|
Canada - 4.9
|
|
France - 3.4
|
|
Taiwan - 2.3
|
|
Netherlands - 1.6
|
|
Ireland - 1.5
|
|
Others - 6.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Rheinmetall AG
|
||
Apple Inc
|
||
Microsoft Corp
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
JPMorgan Chase & Co
|
||
AbbVie Inc
|
||
NXP Semiconductors NV
|
||
T-Mobile US Inc
|
||
Eli Lilly & Co
|
||
Linde PLC
|
||
25.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9918443.100 7767-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Global Equity Income Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 58.7
|
|
United Kingdom - 7.6
|
|
Germany - 7.1
|
|
Japan - 6.0
|
|
Canada - 4.9
|
|
France - 3.4
|
|
Taiwan - 2.3
|
|
Netherlands - 1.6
|
|
Ireland - 1.5
|
|
Others - 6.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Rheinmetall AG
|
||
Apple Inc
|
||
Microsoft Corp
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
JPMorgan Chase & Co
|
||
AbbVie Inc
|
||
NXP Semiconductors NV
|
||
T-Mobile US Inc
|
||
Eli Lilly & Co
|
||
Linde PLC
|
||
25.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915780.100 2406-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915662.100 6356-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Materials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.2
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 13.8
|
|
Japan - 10.1
|
|
United Kingdom - 9.8
|
|
China - 9.7
|
|
Germany - 7.3
|
|
Canada - 7.2
|
|
France - 7.1
|
|
Taiwan - 3.7
|
|
Sweden - 3.6
|
|
Others - 27.7
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Tencent Holdings Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
SAP SE
|
||
Samsung Electronics Co Ltd
|
||
CRH PLC
|
||
Safran SA
|
||
Linde PLC
|
||
BAE Systems PLC
|
||
Alibaba Group Holding Ltd ADR
|
||
Wal-Mart de Mexico SAB de CV Series V
|
||
17.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915748.100 2892-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Materials
|
||
Energy
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Information Technology
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 92.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 7.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 20.3
|
|
United States - 17.1
|
|
United Kingdom - 13.7
|
|
Germany - 13.4
|
|
France - 9.8
|
|
Italy - 4.9
|
|
Switzerland - 3.7
|
|
Australia - 3.4
|
|
Spain - 3.1
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Shell PLC ADR
|
||
AXA SA
|
||
Banco Santander SA
|
||
Rheinmetall AG
|
||
Zurich Insurance Group AG
|
||
Mitsubishi UFJ Financial Group Inc
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Roche Holding AG
|
||
BAE Systems PLC
|
||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915740.100 1615-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Communication Services
|
||
Health Care
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
Materials
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 65.2
|
|
United Kingdom - 5.0
|
|
Japan - 3.8
|
|
Canada - 3.6
|
|
Sweden - 3.2
|
|
Spain - 2.0
|
|
Netherlands - 1.7
|
|
Italy - 1.7
|
|
France - 1.5
|
|
Others - 12.3
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Amazon.com Inc
|
||
NVIDIA Corp
|
||
Meta Platforms Inc Class A
|
||
Microsoft Corp
|
||
Robinhood Markets Inc Class A
|
||
Apple Inc
|
||
Alphabet Inc Class A
|
||
Kyndryl Holdings Inc
|
||
Prologis Inc
|
||
DraftKings Inc Class A
|
||
29.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915656.100 2147-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Worldwide Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Communication Services
|
||
Health Care
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
Materials
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 65.2
|
|
United Kingdom - 5.0
|
|
Japan - 3.8
|
|
Canada - 3.6
|
|
Sweden - 3.2
|
|
Spain - 2.0
|
|
Netherlands - 1.7
|
|
Italy - 1.7
|
|
France - 1.5
|
|
Others - 12.3
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Amazon.com Inc
|
||
NVIDIA Corp
|
||
Meta Platforms Inc Class A
|
||
Microsoft Corp
|
||
Robinhood Markets Inc Class A
|
||
Apple Inc
|
||
Alphabet Inc Class A
|
||
Kyndryl Holdings Inc
|
||
Prologis Inc
|
||
DraftKings Inc Class A
|
||
29.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915657.100 318-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 58.7
|
|
United Kingdom - 7.6
|
|
Germany - 7.1
|
|
Japan - 6.0
|
|
Canada - 4.9
|
|
France - 3.4
|
|
Taiwan - 2.3
|
|
Netherlands - 1.6
|
|
Ireland - 1.5
|
|
Others - 6.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Rheinmetall AG
|
||
Apple Inc
|
||
Microsoft Corp
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
JPMorgan Chase & Co
|
||
AbbVie Inc
|
||
NXP Semiconductors NV
|
||
T-Mobile US Inc
|
||
Eli Lilly & Co
|
||
Linde PLC
|
||
25.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9918439.100 7766-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915641.100 2534-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Pacific Basin Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Communication Services
|
||
Financials
|
||
Consumer Discretionary
|
||
Industrials
|
||
Health Care
|
||
Materials
|
||
Consumer Staples
|
||
Utilities
|
||
Energy
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.5
|
|
Preferred Stocks - 3.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 37.3
|
|
China - 22.5
|
|
Korea (South) - 10.8
|
|
Taiwan - 9.6
|
|
Australia - 7.7
|
|
United States - 5.0
|
|
Hong Kong - 3.2
|
|
Indonesia - 1.4
|
|
Singapore - 1.4
|
|
Others - 1.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Sony Group Corp
|
||
Nintendo Co Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
Hitachi Ltd
|
||
Samsung Electronics Co Ltd
|
||
AIA Group Ltd
|
||
ORIX Corp
|
||
KT Corp ADR
|
||
34.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915635.100 302-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Health Care
|
||
Information Technology
|
||
Consumer Staples
|
||
Communication Services
|
||
Materials
|
||
Energy
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 23.6
|
|
Germany - 18.4
|
|
France - 14.9
|
|
United States - 10.7
|
|
Italy - 6.5
|
|
Sweden - 5.4
|
|
Netherlands - 4.1
|
|
Switzerland - 3.3
|
|
Spain - 2.5
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Astrazeneca PLC
|
||
RELX PLC
|
||
ASML Holding NV
|
||
Shell PLC
|
||
Rheinmetall AG
|
||
Rolls-Royce Holdings PLC
|
||
UniCredit SpA
|
||
Siemens AG
|
||
Air Liquide SA
|
||
24.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915630.100 2634-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Japan Smaller Companies Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Materials
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Real Estate
|
||
Health Care
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.4
|
|
United States - 3.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SWCC Corp
|
||
Yamato Kogyo Co Ltd
|
||
Sompo Holdings Inc
|
||
Money Forward Inc
|
||
Argo Graphics Inc
|
||
Visional Inc
|
||
Capcom Co Ltd
|
||
Hokuhoku Financial Group Inc
|
||
Asahi Group Holdings Ltd
|
||
IHI Corp
|
||
22.2
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915696.100 360-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Materials
|
||
Energy
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Information Technology
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 92.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 7.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 20.3
|
|
United States - 17.1
|
|
United Kingdom - 13.7
|
|
Germany - 13.4
|
|
France - 9.8
|
|
Italy - 4.9
|
|
Switzerland - 3.7
|
|
Australia - 3.4
|
|
Spain - 3.1
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Shell PLC ADR
|
||
AXA SA
|
||
Banco Santander SA
|
||
Rheinmetall AG
|
||
Zurich Insurance Group AG
|
||
Mitsubishi UFJ Financial Group Inc
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Roche Holding AG
|
||
BAE Systems PLC
|
||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915738.100 1612-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Energy
|
||
Industrials
|
||
Materials
|
||
Information Technology
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 99.0
|
|
Preferred Stocks - 0.3
|
|
Bonds - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Canada - 92.7
|
|
United States - 3.7
|
|
Brazil - 3.0
|
|
Chile - 0.5
|
|
Zambia - 0.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Royal Bank of Canada
|
||
Constellation Software Inc/Canada
|
||
Canadian Pacific Kansas City Ltd
|
||
Alimentation Couche-Tard Inc
|
||
Franco-Nevada Corp
|
||
Toronto Dominion Bank
|
||
Shopify Inc Class A
|
||
Dollarama Inc
|
||
Canadian Natural Resources Ltd
|
||
PrairieSky Royalty Ltd
|
||
46.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915650.100 3263-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Emerging Markets Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915660.100 322-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Materials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.2
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 13.8
|
|
Japan - 10.1
|
|
United Kingdom - 9.8
|
|
China - 9.7
|
|
Germany - 7.3
|
|
Canada - 7.2
|
|
France - 7.1
|
|
Taiwan - 3.7
|
|
Sweden - 3.6
|
|
Others - 27.7
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Tencent Holdings Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
SAP SE
|
||
Samsung Electronics Co Ltd
|
||
CRH PLC
|
||
Safran SA
|
||
Linde PLC
|
||
BAE Systems PLC
|
||
Alibaba Group Holding Ltd ADR
|
||
Wal-Mart de Mexico SAB de CV Series V
|
||
17.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915744.100 1980-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Energy
|
||
Industrials
|
||
Materials
|
||
Information Technology
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 99.0
|
|
Preferred Stocks - 0.3
|
|
Bonds - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Canada - 92.7
|
|
United States - 3.7
|
|
Brazil - 3.0
|
|
Chile - 0.5
|
|
Zambia - 0.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Royal Bank of Canada
|
||
Constellation Software Inc/Canada
|
||
Canadian Pacific Kansas City Ltd
|
||
Alimentation Couche-Tard Inc
|
||
Franco-Nevada Corp
|
||
Toronto Dominion Bank
|
||
Shopify Inc Class A
|
||
Dollarama Inc
|
||
Canadian Natural Resources Ltd
|
||
PrairieSky Royalty Ltd
|
||
46.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915645.100 1856-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Communication Services
|
||
Energy
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 28.4
|
|
United Kingdom - 14.4
|
|
France - 12.5
|
|
Germany - 9.1
|
|
Japan - 8.8
|
|
Sweden - 8.1
|
|
Netherlands - 4.7
|
|
Switzerland - 3.1
|
|
Canada - 2.4
|
|
Others - 8.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Safran SA
|
||
CRH PLC
|
||
ASML Holding NV
|
||
Atlas Copco AB A Shares
|
||
Linde PLC
|
||
Compass Group PLC
|
||
Recruit Holdings Co Ltd
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||
Experian PLC
|
||
36.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915754.100 2535-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Diversified International Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Health Care
|
||
Materials
|
||
Consumer Discretionary
|
||
Energy
|
||
Communication Services
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.5
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 17.6
|
|
United Kingdom - 15.8
|
|
United States - 14.5
|
|
Germany - 11.9
|
|
France - 9.3
|
|
Canada - 4.9
|
|
Netherlands - 4.3
|
|
Sweden - 3.1
|
|
Italy - 3.0
|
|
Others - 15.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Allianz SE
|
||
RELX PLC (Netherlands)
|
||
UniCredit SpA
|
||
London Stock Exchange Group PLC
|
||
Rolls-Royce Holdings PLC
|
||
Wolters Kluwer NV
|
||
Astrazeneca PLC
|
||
Mitsubishi Heavy Industries Ltd
|
||
19.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915667.100 325-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Health Care
|
||
Materials
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 2.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 60.2
|
|
Taiwan - 29.1
|
|
Hong Kong - 4.1
|
|
United States - 3.2
|
|
Singapore - 1.4
|
|
Korea (South) - 1.1
|
|
South Africa - 0.5
|
|
France - 0.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Alibaba Group Holding Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
China Construction Bank Corp H Shares
|
||
AIA Group Ltd
|
||
Zijin Mining Group Co Ltd H Shares
|
||
Industrial & Commercial Bank of China Ltd H Shares
|
||
MediaTek Inc
|
||
Meituan B Shares
|
||
59.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915692.100 2067-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Materials
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 22.3
|
|
United Kingdom - 13.4
|
|
United States - 6.6
|
|
Canada - 4.1
|
|
Australia - 3.8
|
|
Spain - 3.6
|
|
China - 3.5
|
|
Mexico - 3.5
|
|
Italy - 3.1
|
|
Others - 36.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Logista Integral SA
|
||
BayCurrent Inc
|
||
Premier Foods PLC
|
||
Ashtead Technology Holdings plc
|
||
Metlen Energy & Metals SA
|
||
Grupo Catalana Occidente SA
|
||
Century Pacific Food Inc
|
||
Richter Gedeon Nyrt
|
||
Spar Nord Bank A/S
|
||
Qualitas Controladora SAB de CV
|
||
10.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915711.100 1258-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Health Care
|
||
Information Technology
|
||
Consumer Staples
|
||
Communication Services
|
||
Materials
|
||
Energy
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 23.6
|
|
Germany - 18.4
|
|
France - 14.9
|
|
United States - 10.7
|
|
Italy - 6.5
|
|
Sweden - 5.4
|
|
Netherlands - 4.1
|
|
Switzerland - 3.3
|
|
Spain - 2.5
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Astrazeneca PLC
|
||
RELX PLC
|
||
ASML Holding NV
|
||
Shell PLC
|
||
Rheinmetall AG
|
||
Rolls-Royce Holdings PLC
|
||
UniCredit SpA
|
||
Siemens AG
|
||
Air Liquide SA
|
||
24.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915634.100 3266-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Materials
|
||
Energy
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Information Technology
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 92.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 7.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 20.3
|
|
United States - 17.1
|
|
United Kingdom - 13.7
|
|
Germany - 13.4
|
|
France - 9.8
|
|
Italy - 4.9
|
|
Switzerland - 3.7
|
|
Australia - 3.4
|
|
Spain - 3.1
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Shell PLC ADR
|
||
AXA SA
|
||
Banco Santander SA
|
||
Rheinmetall AG
|
||
Zurich Insurance Group AG
|
||
Mitsubishi UFJ Financial Group Inc
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Roche Holding AG
|
||
BAE Systems PLC
|
||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915742.100 3269-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915661.100 6355-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Communication Services
|
||
Health Care
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
Materials
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 65.2
|
|
United Kingdom - 5.0
|
|
Japan - 3.8
|
|
Canada - 3.6
|
|
Sweden - 3.2
|
|
Spain - 2.0
|
|
Netherlands - 1.7
|
|
Italy - 1.7
|
|
France - 1.5
|
|
Others - 12.3
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Amazon.com Inc
|
||
NVIDIA Corp
|
||
Meta Platforms Inc Class A
|
||
Microsoft Corp
|
||
Robinhood Markets Inc Class A
|
||
Apple Inc
|
||
Alphabet Inc Class A
|
||
Kyndryl Holdings Inc
|
||
Prologis Inc
|
||
DraftKings Inc Class A
|
||
29.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915658.100 3273-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Small Cap Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Materials
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 22.3
|
|
United Kingdom - 13.4
|
|
United States - 6.6
|
|
Canada - 4.1
|
|
Australia - 3.8
|
|
Spain - 3.6
|
|
China - 3.5
|
|
Mexico - 3.5
|
|
Italy - 3.1
|
|
Others - 36.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Logista Integral SA
|
||
BayCurrent Inc
|
||
Premier Foods PLC
|
||
Ashtead Technology Holdings plc
|
||
Metlen Energy & Metals SA
|
||
Grupo Catalana Occidente SA
|
||
Century Pacific Food Inc
|
||
Richter Gedeon Nyrt
|
||
Spar Nord Bank A/S
|
||
Qualitas Controladora SAB de CV
|
||
10.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915716.100 818-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915663.100 6357-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Materials
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 22.3
|
|
United Kingdom - 13.4
|
|
United States - 6.6
|
|
Canada - 4.1
|
|
Australia - 3.8
|
|
Spain - 3.6
|
|
China - 3.5
|
|
Mexico - 3.5
|
|
Italy - 3.1
|
|
Others - 36.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Logista Integral SA
|
||
BayCurrent Inc
|
||
Premier Foods PLC
|
||
Ashtead Technology Holdings plc
|
||
Metlen Energy & Metals SA
|
||
Grupo Catalana Occidente SA
|
||
Century Pacific Food Inc
|
||
Richter Gedeon Nyrt
|
||
Spar Nord Bank A/S
|
||
Qualitas Controladora SAB de CV
|
||
10.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915713.100 1261-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Health Care
|
||
Materials
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 2.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 60.2
|
|
Taiwan - 29.1
|
|
Hong Kong - 4.1
|
|
United States - 3.2
|
|
Singapore - 1.4
|
|
Korea (South) - 1.1
|
|
South Africa - 0.5
|
|
France - 0.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Alibaba Group Holding Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
China Construction Bank Corp H Shares
|
||
AIA Group Ltd
|
||
Zijin Mining Group Co Ltd H Shares
|
||
Industrial & Commercial Bank of China Ltd H Shares
|
||
MediaTek Inc
|
||
Meituan B Shares
|
||
59.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915693.100 2068-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.7
|
|
United States - 3.1
|
|
China - 0.2
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Sony Group Corp
|
||
Hitachi Ltd
|
||
Fujitsu Ltd
|
||
Tokio Marine Holdings Inc
|
||
Hoya Corp
|
||
ORIX Corp
|
||
Nintendo Co Ltd
|
||
Shin-Etsu Chemical Co Ltd
|
||
FUJIFILM Holdings Corp
|
||
35.9
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915684.100 2258-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class K
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915659.100 2084-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915664.100 6358-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Taiwan - 17.8
|
|
China - 17.5
|
|
Brazil - 13.1
|
|
India - 11.9
|
|
Korea (South) - 7.6
|
|
Mexico - 5.5
|
|
Indonesia - 4.1
|
|
United States - 3.3
|
|
Poland - 2.7
|
|
Others - 16.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
OPAP SA
|
||
Localiza Rent a Car SA
|
||
Lion Finance Group PLC
|
||
Dino Polska SA
|
||
Max Healthcare Institute Ltd
|
||
Qualitas Controladora SAB de CV
|
||
Eicher Motors Ltd
|
||
Equatorial Energia SA
|
||
Shriram Finance Ltd
|
||
Banco de Chile ADR
|
||
14.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915779.100 3265-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Communication Services
|
||
Health Care
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
Materials
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 65.2
|
|
United Kingdom - 5.0
|
|
Japan - 3.8
|
|
Canada - 3.6
|
|
Sweden - 3.2
|
|
Spain - 2.0
|
|
Netherlands - 1.7
|
|
Italy - 1.7
|
|
France - 1.5
|
|
Others - 12.3
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Amazon.com Inc
|
||
NVIDIA Corp
|
||
Meta Platforms Inc Class A
|
||
Microsoft Corp
|
||
Robinhood Markets Inc Class A
|
||
Apple Inc
|
||
Alphabet Inc Class A
|
||
Kyndryl Holdings Inc
|
||
Prologis Inc
|
||
DraftKings Inc Class A
|
||
29.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915653.100 2143-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Taiwan - 17.8
|
|
China - 17.5
|
|
Brazil - 13.1
|
|
India - 11.9
|
|
Korea (South) - 7.6
|
|
Mexico - 5.5
|
|
Indonesia - 4.1
|
|
United States - 3.3
|
|
Poland - 2.7
|
|
Others - 16.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
OPAP SA
|
||
Localiza Rent a Car SA
|
||
Lion Finance Group PLC
|
||
Dino Polska SA
|
||
Max Healthcare Institute Ltd
|
||
Qualitas Controladora SAB de CV
|
||
Eicher Motors Ltd
|
||
Equatorial Energia SA
|
||
Shriram Finance Ltd
|
||
Banco de Chile ADR
|
||
14.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915777.100 2377-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 58.7
|
|
United Kingdom - 7.6
|
|
Germany - 7.1
|
|
Japan - 6.0
|
|
Canada - 4.9
|
|
France - 3.4
|
|
Taiwan - 2.3
|
|
Netherlands - 1.6
|
|
Ireland - 1.5
|
|
Others - 6.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Rheinmetall AG
|
||
Apple Inc
|
||
Microsoft Corp
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
JPMorgan Chase & Co
|
||
AbbVie Inc
|
||
NXP Semiconductors NV
|
||
T-Mobile US Inc
|
||
Eli Lilly & Co
|
||
Linde PLC
|
||
25.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9918445.100 7769-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Small Cap Opportunities Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 91.5
|
|
International Equity Funds - 4.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 26.5
|
|
United Kingdom - 15.1
|
|
Sweden - 14.1
|
|
United States - 10.9
|
|
Germany - 5.5
|
|
Netherlands - 4.7
|
|
Canada - 4.0
|
|
Belgium - 2.6
|
|
France - 2.5
|
|
Others - 14.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Lagercrantz Group AB B Shares
|
||
iShares MSCI EAFE Small-Cap ETF
|
||
AddTech AB B Shares
|
||
Azbil Corp
|
||
CTS Eventim AG & Co KGaA
|
||
Games Workshop Group PLC
|
||
KBC Ancora
|
||
Interpump Group SpA
|
||
Spectris PLC
|
||
Howden Joinery Group PLC
|
||
31.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915735.100 1504-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® China Region Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Health Care
|
||
Materials
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 2.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 60.2
|
|
Taiwan - 29.1
|
|
Hong Kong - 4.1
|
|
United States - 3.2
|
|
Singapore - 1.4
|
|
Korea (South) - 1.1
|
|
South Africa - 0.5
|
|
France - 0.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Alibaba Group Holding Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
China Construction Bank Corp H Shares
|
||
AIA Group Ltd
|
||
Zijin Mining Group Co Ltd H Shares
|
||
Industrial & Commercial Bank of China Ltd H Shares
|
||
MediaTek Inc
|
||
Meituan B Shares
|
||
59.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915695.100 352-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915639.100 1402-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915638.100 1401-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 91.5
|
|
International Equity Funds - 4.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 26.5
|
|
United Kingdom - 15.1
|
|
Sweden - 14.1
|
|
United States - 10.9
|
|
Germany - 5.5
|
|
Netherlands - 4.7
|
|
Canada - 4.0
|
|
Belgium - 2.6
|
|
France - 2.5
|
|
Others - 14.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Lagercrantz Group AB B Shares
|
||
iShares MSCI EAFE Small-Cap ETF
|
||
AddTech AB B Shares
|
||
Azbil Corp
|
||
CTS Eventim AG & Co KGaA
|
||
Games Workshop Group PLC
|
||
KBC Ancora
|
||
Interpump Group SpA
|
||
Spectris PLC
|
||
Howden Joinery Group PLC
|
||
31.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915736.100 3268-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Communication Services
|
||
Energy
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 28.4
|
|
United Kingdom - 14.4
|
|
France - 12.5
|
|
Germany - 9.1
|
|
Japan - 8.8
|
|
Sweden - 8.1
|
|
Netherlands - 4.7
|
|
Switzerland - 3.1
|
|
Canada - 2.4
|
|
Others - 8.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Safran SA
|
||
CRH PLC
|
||
ASML Holding NV
|
||
Atlas Copco AB A Shares
|
||
Linde PLC
|
||
Compass Group PLC
|
||
Recruit Holdings Co Ltd
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||
Experian PLC
|
||
36.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915750.100 1985-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class K
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Health Care
|
||
Materials
|
||
Consumer Discretionary
|
||
Energy
|
||
Communication Services
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.5
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 17.6
|
|
United Kingdom - 15.8
|
|
United States - 14.5
|
|
Germany - 11.9
|
|
France - 9.3
|
|
Canada - 4.9
|
|
Netherlands - 4.3
|
|
Sweden - 3.1
|
|
Italy - 3.0
|
|
Others - 15.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Allianz SE
|
||
RELX PLC (Netherlands)
|
||
UniCredit SpA
|
||
London Stock Exchange Group PLC
|
||
Rolls-Royce Holdings PLC
|
||
Wolters Kluwer NV
|
||
Astrazeneca PLC
|
||
Mitsubishi Heavy Industries Ltd
|
||
19.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915666.100 2082-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Value Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Materials
|
||
Energy
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Information Technology
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 92.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 7.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 20.3
|
|
United States - 17.1
|
|
United Kingdom - 13.7
|
|
Germany - 13.4
|
|
France - 9.8
|
|
Italy - 4.9
|
|
Switzerland - 3.7
|
|
Australia - 3.4
|
|
Spain - 3.1
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Shell PLC ADR
|
||
AXA SA
|
||
Banco Santander SA
|
||
Rheinmetall AG
|
||
Zurich Insurance Group AG
|
||
Mitsubishi UFJ Financial Group Inc
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Roche Holding AG
|
||
BAE Systems PLC
|
||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915737.100 1597-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Energy
|
||
Industrials
|
||
Materials
|
||
Information Technology
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 99.0
|
|
Preferred Stocks - 0.3
|
|
Bonds - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Canada - 92.7
|
|
United States - 3.7
|
|
Brazil - 3.0
|
|
Chile - 0.5
|
|
Zambia - 0.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Royal Bank of Canada
|
||
Constellation Software Inc/Canada
|
||
Canadian Pacific Kansas City Ltd
|
||
Alimentation Couche-Tard Inc
|
||
Franco-Nevada Corp
|
||
Toronto Dominion Bank
|
||
Shopify Inc Class A
|
||
Dollarama Inc
|
||
Canadian Natural Resources Ltd
|
||
PrairieSky Royalty Ltd
|
||
46.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915646.100 1858-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Overseas Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Health Care
|
||
Materials
|
||
Communication Services
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 18.5
|
|
United Kingdom - 16.9
|
|
Japan - 13.7
|
|
Germany - 12.3
|
|
France - 11.3
|
|
Netherlands - 6.1
|
|
Italy - 3.8
|
|
Spain - 3.2
|
|
Denmark - 2.8
|
|
Others - 11.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
RELX PLC
|
||
Hitachi Ltd
|
||
Allianz SE
|
||
Tokio Marine Holdings Inc
|
||
Safran SA
|
||
London Stock Exchange Group PLC
|
||
Deutsche Boerse AG
|
||
Wolters Kluwer NV
|
||
3i Group PLC
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915607.100 94-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.7
|
|
United States - 3.1
|
|
China - 0.2
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Sony Group Corp
|
||
Hitachi Ltd
|
||
Fujitsu Ltd
|
||
Tokio Marine Holdings Inc
|
||
Hoya Corp
|
||
ORIX Corp
|
||
Nintendo Co Ltd
|
||
Shin-Etsu Chemical Co Ltd
|
||
FUJIFILM Holdings Corp
|
||
35.9
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915685.100 2259-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Materials
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 22.3
|
|
United Kingdom - 13.4
|
|
United States - 6.6
|
|
Canada - 4.1
|
|
Australia - 3.8
|
|
Spain - 3.6
|
|
China - 3.5
|
|
Mexico - 3.5
|
|
Italy - 3.1
|
|
Others - 36.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Logista Integral SA
|
||
BayCurrent Inc
|
||
Premier Foods PLC
|
||
Ashtead Technology Holdings plc
|
||
Metlen Energy & Metals SA
|
||
Grupo Catalana Occidente SA
|
||
Century Pacific Food Inc
|
||
Richter Gedeon Nyrt
|
||
Spar Nord Bank A/S
|
||
Qualitas Controladora SAB de CV
|
||
10.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915714.100 1262-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Communication Services
|
||
Energy
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 28.4
|
|
United Kingdom - 14.4
|
|
France - 12.5
|
|
Germany - 9.1
|
|
Japan - 8.8
|
|
Sweden - 8.1
|
|
Netherlands - 4.7
|
|
Switzerland - 3.1
|
|
Canada - 2.4
|
|
Others - 8.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Safran SA
|
||
CRH PLC
|
||
ASML Holding NV
|
||
Atlas Copco AB A Shares
|
||
Linde PLC
|
||
Compass Group PLC
|
||
Recruit Holdings Co Ltd
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||
Experian PLC
|
||
36.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915752.100 1988-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Capital Appreciation Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Communication Services
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 25.7
|
|
Germany - 12.3
|
|
France - 8.6
|
|
United Kingdom - 8.5
|
|
India - 7.0
|
|
Canada - 7.0
|
|
Japan - 6.0
|
|
Netherlands - 5.4
|
|
Switzerland - 4.9
|
|
Others - 14.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
SAP SE
|
||
ASML Holding NV
|
||
Shopify Inc Class A (United States)
|
||
Hitachi Ltd
|
||
Rolls-Royce Holdings PLC
|
||
Schneider Electric SE
|
||
Mitsubishi Heavy Industries Ltd
|
||
Sony Group Corp
|
||
24.2
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915669.100 335-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Energy
|
||
Health Care
|
||
Consumer Staples
|
||
Utilities
|
||
Real Estate
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Bonds - 0.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 25.4
|
|
India - 19.5
|
|
Taiwan - 15.7
|
|
Korea (South) - 6.0
|
|
Brazil - 5.9
|
|
United States - 4.8
|
|
Mexico - 3.0
|
|
France - 2.9
|
|
Indonesia - 2.9
|
|
Others - 13.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
NVIDIA Corp
|
||
Alibaba Group Holding Ltd ADR
|
||
HDFC Bank Ltd
|
||
Bank Central Asia Tbk PT
|
||
PDD Holdings Inc Class A ADR
|
||
Samsung Electronics Co Ltd
|
||
Reliance Industries Ltd
|
||
SK Hynix Inc
|
||
43.8
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915665.100 6359-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Communication Services
|
||
Energy
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 28.4
|
|
United Kingdom - 14.4
|
|
France - 12.5
|
|
Germany - 9.1
|
|
Japan - 8.8
|
|
Sweden - 8.1
|
|
Netherlands - 4.7
|
|
Switzerland - 3.1
|
|
Canada - 2.4
|
|
Others - 8.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Safran SA
|
||
CRH PLC
|
||
ASML Holding NV
|
||
Atlas Copco AB A Shares
|
||
Linde PLC
|
||
Compass Group PLC
|
||
Recruit Holdings Co Ltd
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||
Experian PLC
|
||
36.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915753.100 1989-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Emerging Markets Discovery Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Taiwan - 17.8
|
|
China - 17.5
|
|
Brazil - 13.1
|
|
India - 11.9
|
|
Korea (South) - 7.6
|
|
Mexico - 5.5
|
|
Indonesia - 4.1
|
|
United States - 3.3
|
|
Poland - 2.7
|
|
Others - 16.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
OPAP SA
|
||
Localiza Rent a Car SA
|
||
Lion Finance Group PLC
|
||
Dino Polska SA
|
||
Max Healthcare Institute Ltd
|
||
Qualitas Controladora SAB de CV
|
||
Eicher Motors Ltd
|
||
Equatorial Energia SA
|
||
Shriram Finance Ltd
|
||
Banco de Chile ADR
|
||
14.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915774.100 2374-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Health Care
|
||
Materials
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 2.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 60.2
|
|
Taiwan - 29.1
|
|
Hong Kong - 4.1
|
|
United States - 3.2
|
|
Singapore - 1.4
|
|
Korea (South) - 1.1
|
|
South Africa - 0.5
|
|
France - 0.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Alibaba Group Holding Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
China Construction Bank Corp H Shares
|
||
AIA Group Ltd
|
||
Zijin Mining Group Co Ltd H Shares
|
||
Industrial & Commercial Bank of China Ltd H Shares
|
||
MediaTek Inc
|
||
Meituan B Shares
|
||
59.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915690.100 2064-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Communication Services
|
||
Health Care
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
Materials
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 65.2
|
|
United Kingdom - 5.0
|
|
Japan - 3.8
|
|
Canada - 3.6
|
|
Sweden - 3.2
|
|
Spain - 2.0
|
|
Netherlands - 1.7
|
|
Italy - 1.7
|
|
France - 1.5
|
|
Others - 12.3
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Amazon.com Inc
|
||
NVIDIA Corp
|
||
Meta Platforms Inc Class A
|
||
Microsoft Corp
|
||
Robinhood Markets Inc Class A
|
||
Apple Inc
|
||
Alphabet Inc Class A
|
||
Kyndryl Holdings Inc
|
||
Prologis Inc
|
||
DraftKings Inc Class A
|
||
29.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915655.100 2146-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Health Care
|
||
Materials
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 2.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 60.2
|
|
Taiwan - 29.1
|
|
Hong Kong - 4.1
|
|
United States - 3.2
|
|
Singapore - 1.4
|
|
Korea (South) - 1.1
|
|
South Africa - 0.5
|
|
France - 0.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
Alibaba Group Holding Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
China Construction Bank Corp H Shares
|
||
AIA Group Ltd
|
||
Zijin Mining Group Co Ltd H Shares
|
||
Industrial & Commercial Bank of China Ltd H Shares
|
||
MediaTek Inc
|
||
Meituan B Shares
|
||
59.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915694.100 3264-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Japan Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.7
|
|
United States - 3.1
|
|
China - 0.2
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Sony Group Corp
|
||
Hitachi Ltd
|
||
Fujitsu Ltd
|
||
Tokio Marine Holdings Inc
|
||
Hoya Corp
|
||
ORIX Corp
|
||
Nintendo Co Ltd
|
||
Shin-Etsu Chemical Co Ltd
|
||
FUJIFILM Holdings Corp
|
||
35.9
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915688.100 350-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Materials
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 22.3
|
|
United Kingdom - 13.4
|
|
United States - 6.6
|
|
Canada - 4.1
|
|
Australia - 3.8
|
|
Spain - 3.6
|
|
China - 3.5
|
|
Mexico - 3.5
|
|
Italy - 3.1
|
|
Others - 36.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Logista Integral SA
|
||
BayCurrent Inc
|
||
Premier Foods PLC
|
||
Ashtead Technology Holdings plc
|
||
Metlen Energy & Metals SA
|
||
Grupo Catalana Occidente SA
|
||
Century Pacific Food Inc
|
||
Richter Gedeon Nyrt
|
||
Spar Nord Bank A/S
|
||
Qualitas Controladora SAB de CV
|
||
10.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915715.100 3267-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Discovery K6 Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.2
|
|
Preferred Stocks - 0.5
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.3
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 18.2
|
|
Japan - 16.0
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.9
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 18.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Zegona Communications plc
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
25.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915810.100 3461-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Growth Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Communication Services
|
||
Energy
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 28.4
|
|
United Kingdom - 14.4
|
|
France - 12.5
|
|
Germany - 9.1
|
|
Japan - 8.8
|
|
Sweden - 8.1
|
|
Netherlands - 4.7
|
|
Switzerland - 3.1
|
|
Canada - 2.4
|
|
Others - 8.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Safran SA
|
||
CRH PLC
|
||
ASML Holding NV
|
||
Atlas Copco AB A Shares
|
||
Linde PLC
|
||
Compass Group PLC
|
||
Recruit Holdings Co Ltd
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||
Experian PLC
|
||
36.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915749.100 1979-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.7
|
|
United States - 3.1
|
|
China - 0.2
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Sony Group Corp
|
||
Hitachi Ltd
|
||
Fujitsu Ltd
|
||
Tokio Marine Holdings Inc
|
||
Hoya Corp
|
||
ORIX Corp
|
||
Nintendo Co Ltd
|
||
Shin-Etsu Chemical Co Ltd
|
||
FUJIFILM Holdings Corp
|
||
35.9
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915686.100 2260-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class Z
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 58.7
|
|
United Kingdom - 7.6
|
|
Germany - 7.1
|
|
Japan - 6.0
|
|
Canada - 4.9
|
|
France - 3.4
|
|
Taiwan - 2.3
|
|
Netherlands - 1.6
|
|
Ireland - 1.5
|
|
Others - 6.9
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Rheinmetall AG
|
||
Apple Inc
|
||
Microsoft Corp
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
JPMorgan Chase & Co
|
||
AbbVie Inc
|
||
NXP Semiconductors NV
|
||
T-Mobile US Inc
|
||
Eli Lilly & Co
|
||
Linde PLC
|
||
25.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9918447.100 7770-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Financials
|
||
Communication Services
|
||
Health Care
|
||
Industrials
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
Materials
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.1
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 65.2
|
|
United Kingdom - 5.0
|
|
Japan - 3.8
|
|
Canada - 3.6
|
|
Sweden - 3.2
|
|
Spain - 2.0
|
|
Netherlands - 1.7
|
|
Italy - 1.7
|
|
France - 1.5
|
|
Others - 12.3
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Amazon.com Inc
|
||
NVIDIA Corp
|
||
Meta Platforms Inc Class A
|
||
Microsoft Corp
|
||
Robinhood Markets Inc Class A
|
||
Apple Inc
|
||
Alphabet Inc Class A
|
||
Kyndryl Holdings Inc
|
||
Prologis Inc
|
||
DraftKings Inc Class A
|
||
29.4
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915654.100 2145-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® International Capital Appreciation K6 Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Communication Services
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.3
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 25.7
|
|
Germany - 12.3
|
|
France - 8.6
|
|
United Kingdom - 8.5
|
|
Canada - 7.0
|
|
India - 7.0
|
|
Japan - 6.0
|
|
Netherlands - 5.4
|
|
Switzerland - 4.9
|
|
Others - 14.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Tencent Holdings Ltd
|
||
SAP SE
|
||
ASML Holding NV
|
||
Shopify Inc Class A (United States)
|
||
Hitachi Ltd
|
||
Rolls-Royce Holdings PLC
|
||
Schneider Electric SE
|
||
Mitsubishi Heavy Industries Ltd
|
||
Sony Group Corp
|
||
24.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915794.100 2953-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Taiwan - 17.8
|
|
China - 17.5
|
|
Brazil - 13.1
|
|
India - 11.9
|
|
Korea (South) - 7.6
|
|
Mexico - 5.5
|
|
Indonesia - 4.1
|
|
United States - 3.3
|
|
Poland - 2.7
|
|
Others - 16.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
OPAP SA
|
||
Localiza Rent a Car SA
|
||
Lion Finance Group PLC
|
||
Dino Polska SA
|
||
Max Healthcare Institute Ltd
|
||
Qualitas Controladora SAB de CV
|
||
Eicher Motors Ltd
|
||
Equatorial Energia SA
|
||
Shriram Finance Ltd
|
||
Banco de Chile ADR
|
||
14.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915776.100 2376-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class K
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Health Care
|
||
Materials
|
||
Communication Services
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 18.5
|
|
United Kingdom - 16.9
|
|
Japan - 13.7
|
|
Germany - 12.3
|
|
France - 11.3
|
|
Netherlands - 6.1
|
|
Italy - 3.8
|
|
Spain - 3.2
|
|
Denmark - 2.8
|
|
Others - 11.4
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
RELX PLC
|
||
Hitachi Ltd
|
||
Allianz SE
|
||
Tokio Marine Holdings Inc
|
||
Safran SA
|
||
London Stock Exchange Group PLC
|
||
Deutsche Boerse AG
|
||
Wolters Kluwer NV
|
||
3i Group PLC
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915606.100 2099-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Nordic Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Information Technology
|
||
Materials
|
||
Communication Services
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Energy
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.5
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Sweden - 44.2
|
|
Denmark - 24.6
|
|
Finland - 14.5
|
|
Norway - 11.9
|
|
United States - 4.8
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Novo Nordisk A/S Series B
|
||
Investor AB B Shares
|
||
Nordea Bank Abp (Sweden)
|
||
DSV A/S
|
||
Atlas Copco AB B Shares
|
||
Saab AB B Shares
|
||
Sandvik AB
|
||
Assa Abloy AB B Shares
|
||
Nokia Oyj
|
||
Lagercrantz Group AB B Shares
|
||
47.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915676.100 342-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915637.100 1399-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Materials
|
||
Health Care
|
||
Communication Services
|
||
Energy
|
||
Consumer Staples
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 95.8
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 28.4
|
|
United Kingdom - 14.4
|
|
France - 12.5
|
|
Germany - 9.1
|
|
Japan - 8.8
|
|
Sweden - 8.1
|
|
Netherlands - 4.7
|
|
Switzerland - 3.1
|
|
Canada - 2.4
|
|
Others - 8.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Safran SA
|
||
CRH PLC
|
||
ASML Holding NV
|
||
Atlas Copco AB A Shares
|
||
Linde PLC
|
||
Compass Group PLC
|
||
Recruit Holdings Co Ltd
|
||
LVMH Moet Hennessy Louis Vuitton SE
|
||
Experian PLC
|
||
36.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915751.100 1987-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Energy
|
||
Industrials
|
||
Materials
|
||
Information Technology
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 99.0
|
|
Preferred Stocks - 0.3
|
|
Bonds - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Canada - 92.7
|
|
United States - 3.7
|
|
Brazil - 3.0
|
|
Chile - 0.5
|
|
Zambia - 0.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Royal Bank of Canada
|
||
Constellation Software Inc/Canada
|
||
Canadian Pacific Kansas City Ltd
|
||
Alimentation Couche-Tard Inc
|
||
Franco-Nevada Corp
|
||
Toronto Dominion Bank
|
||
Shopify Inc Class A
|
||
Dollarama Inc
|
||
Canadian Natural Resources Ltd
|
||
PrairieSky Royalty Ltd
|
||
46.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915648.100 1861-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Health Care
|
||
Information Technology
|
||
Consumer Staples
|
||
Communication Services
|
||
Materials
|
||
Energy
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 23.6
|
|
Germany - 18.4
|
|
France - 14.9
|
|
United States - 10.7
|
|
Italy - 6.5
|
|
Sweden - 5.4
|
|
Netherlands - 4.1
|
|
Switzerland - 3.3
|
|
Spain - 2.5
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Astrazeneca PLC
|
||
RELX PLC
|
||
ASML Holding NV
|
||
Shell PLC
|
||
Rheinmetall AG
|
||
Rolls-Royce Holdings PLC
|
||
UniCredit SpA
|
||
Siemens AG
|
||
Air Liquide SA
|
||
24.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915632.100 2636-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Materials
|
||
Energy
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Information Technology
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 92.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 7.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 20.3
|
|
United States - 17.1
|
|
United Kingdom - 13.7
|
|
Germany - 13.4
|
|
France - 9.8
|
|
Italy - 4.9
|
|
Switzerland - 3.7
|
|
Australia - 3.4
|
|
Spain - 3.1
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Shell PLC ADR
|
||
AXA SA
|
||
Banco Santander SA
|
||
Rheinmetall AG
|
||
Zurich Insurance Group AG
|
||
Mitsubishi UFJ Financial Group Inc
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Roche Holding AG
|
||
BAE Systems PLC
|
||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915741.100 1616-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915636.100 1397-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Energy
|
||
Industrials
|
||
Materials
|
||
Information Technology
|
||
Consumer Staples
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 99.0
|
|
Preferred Stocks - 0.3
|
|
Bonds - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 0.5
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Canada - 92.7
|
|
United States - 3.7
|
|
Brazil - 3.0
|
|
Chile - 0.5
|
|
Zambia - 0.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Royal Bank of Canada
|
||
Constellation Software Inc/Canada
|
||
Canadian Pacific Kansas City Ltd
|
||
Alimentation Couche-Tard Inc
|
||
Franco-Nevada Corp
|
||
Toronto Dominion Bank
|
||
Shopify Inc Class A
|
||
Dollarama Inc
|
||
Canadian Natural Resources Ltd
|
||
PrairieSky Royalty Ltd
|
||
46.7
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915647.100 1859-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Health Care
|
||
Information Technology
|
||
Consumer Staples
|
||
Communication Services
|
||
Materials
|
||
Energy
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 23.6
|
|
Germany - 18.4
|
|
France - 14.9
|
|
United States - 10.7
|
|
Italy - 6.5
|
|
Sweden - 5.4
|
|
Netherlands - 4.1
|
|
Switzerland - 3.3
|
|
Spain - 2.5
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Astrazeneca PLC
|
||
RELX PLC
|
||
ASML Holding NV
|
||
Shell PLC
|
||
Rheinmetall AG
|
||
Rolls-Royce Holdings PLC
|
||
UniCredit SpA
|
||
Siemens AG
|
||
Air Liquide SA
|
||
24.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915629.100 2632-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Materials
|
||
Energy
|
||
Health Care
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Communication Services
|
||
Information Technology
|
||
Utilities
|
||
Real Estate
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 92.4
|
|
Preferred Stocks - 0.2
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 7.4
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 20.3
|
|
United States - 17.1
|
|
United Kingdom - 13.7
|
|
Germany - 13.4
|
|
France - 9.8
|
|
Italy - 4.9
|
|
Switzerland - 3.7
|
|
Australia - 3.4
|
|
Spain - 3.1
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Shell PLC ADR
|
||
AXA SA
|
||
Banco Santander SA
|
||
Rheinmetall AG
|
||
Zurich Insurance Group AG
|
||
Mitsubishi UFJ Financial Group Inc
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Roche Holding AG
|
||
BAE Systems PLC
|
||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
|
||
23.1
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915739.100 1614-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Financials
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 91.5
|
|
International Equity Funds - 4.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 26.5
|
|
United Kingdom - 15.1
|
|
Sweden - 14.1
|
|
United States - 10.9
|
|
Germany - 5.5
|
|
Netherlands - 4.7
|
|
Canada - 4.0
|
|
Belgium - 2.6
|
|
France - 2.5
|
|
Others - 14.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Lagercrantz Group AB B Shares
|
||
iShares MSCI EAFE Small-Cap ETF
|
||
AddTech AB B Shares
|
||
Azbil Corp
|
||
CTS Eventim AG & Co KGaA
|
||
Games Workshop Group PLC
|
||
KBC Ancora
|
||
Interpump Group SpA
|
||
Spectris PLC
|
||
Howden Joinery Group PLC
|
||
31.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915733.100 1484-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class K
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Information Technology
|
||
Health Care
|
||
Communication Services
|
||
Materials
|
||
Consumer Staples
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 94.9
|
|
Preferred Stocks - 0.9
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 4.2
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 17.6
|
|
Japan - 16.1
|
|
France - 9.9
|
|
Germany - 9.6
|
|
United States - 9.0
|
|
Italy - 5.7
|
|
Netherlands - 5.7
|
|
Canada - 3.7
|
|
Sweden - 3.6
|
|
Others - 19.1
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
UniCredit SpA
|
||
Rheinmetall AG
|
||
SAP SE
|
||
Hitachi Ltd
|
||
Constellation Software Inc/Canada
|
||
AXA SA
|
||
London Stock Exchange Group PLC
|
||
3i Group PLC
|
||
RELX PLC
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
24.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915640.100 2093-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class I
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Materials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.2
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 13.8
|
|
Japan - 10.1
|
|
United Kingdom - 9.8
|
|
China - 9.7
|
|
Germany - 7.3
|
|
Canada - 7.2
|
|
France - 7.1
|
|
Taiwan - 3.7
|
|
Sweden - 3.6
|
|
Others - 27.7
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Tencent Holdings Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
SAP SE
|
||
Samsung Electronics Co Ltd
|
||
CRH PLC
|
||
Safran SA
|
||
Linde PLC
|
||
BAE Systems PLC
|
||
Alibaba Group Holding Ltd ADR
|
||
Wal-Mart de Mexico SAB de CV Series V
|
||
17.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915747.100 1984-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Health Care
|
||
Information Technology
|
||
Consumer Staples
|
||
Communication Services
|
||
Materials
|
||
Energy
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 23.6
|
|
Germany - 18.4
|
|
France - 14.9
|
|
United States - 10.7
|
|
Italy - 6.5
|
|
Sweden - 5.4
|
|
Netherlands - 4.1
|
|
Switzerland - 3.3
|
|
Spain - 2.5
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Astrazeneca PLC
|
||
RELX PLC
|
||
ASML Holding NV
|
||
Shell PLC
|
||
Rheinmetall AG
|
||
Rolls-Royce Holdings PLC
|
||
UniCredit SpA
|
||
Siemens AG
|
||
Air Liquide SA
|
||
24.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915631.100 2635-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class C
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Materials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.2
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 13.8
|
|
Japan - 10.1
|
|
United Kingdom - 9.8
|
|
China - 9.7
|
|
Germany - 7.3
|
|
Canada - 7.2
|
|
France - 7.1
|
|
Taiwan - 3.7
|
|
Sweden - 3.6
|
|
Others - 27.7
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Tencent Holdings Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
SAP SE
|
||
Samsung Electronics Co Ltd
|
||
CRH PLC
|
||
Safran SA
|
||
Linde PLC
|
||
BAE Systems PLC
|
||
Alibaba Group Holding Ltd ADR
|
||
Wal-Mart de Mexico SAB de CV Series V
|
||
17.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915745.100 1982-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Emerging Asia Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Information Technology
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Industrials
|
||
Financials
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.2
|
|
Preferred Stocks - 0.8
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 1.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
China - 36.8
|
|
India - 28.2
|
|
Taiwan - 15.3
|
|
Singapore - 6.7
|
|
Korea (South) - 6.1
|
|
Hong Kong - 2.4
|
|
United States - 1.4
|
|
Indonesia - 0.9
|
|
South Africa - 0.6
|
|
Others - 1.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
Sea Ltd Class A ADR
|
||
Tencent Holdings Ltd
|
||
Eternal Ltd
|
||
PDD Holdings Inc Class A ADR
|
||
MakeMyTrip Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
||
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
|
||
HDFC Bank Ltd
|
||
WuXi XDC Cayman Inc
|
||
45.5
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915689.100 351-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Total International Equity Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Materials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.2
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 13.8
|
|
Japan - 10.1
|
|
United Kingdom - 9.8
|
|
China - 9.7
|
|
Germany - 7.3
|
|
Canada - 7.2
|
|
France - 7.1
|
|
Taiwan - 3.7
|
|
Sweden - 3.6
|
|
Others - 27.7
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Tencent Holdings Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
SAP SE
|
||
Samsung Electronics Co Ltd
|
||
CRH PLC
|
||
Safran SA
|
||
Linde PLC
|
||
BAE Systems PLC
|
||
Alibaba Group Holding Ltd ADR
|
||
Wal-Mart de Mexico SAB de CV Series V
|
||
17.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915743.100 1978-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class M
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Information Technology
|
||
Materials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Health Care
|
||
Energy
|
||
Consumer Staples
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.2
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.7
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United States - 13.8
|
|
Japan - 10.1
|
|
United Kingdom - 9.8
|
|
China - 9.7
|
|
Germany - 7.3
|
|
Canada - 7.2
|
|
France - 7.1
|
|
Taiwan - 3.7
|
|
Sweden - 3.6
|
|
Others - 27.7
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Tencent Holdings Ltd
|
||
Taiwan Semiconductor Manufacturing Co Ltd
|
||
SAP SE
|
||
Samsung Electronics Co Ltd
|
||
CRH PLC
|
||
Safran SA
|
||
Linde PLC
|
||
BAE Systems PLC
|
||
Alibaba Group Holding Ltd ADR
|
||
Wal-Mart de Mexico SAB de CV Series V
|
||
17.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915746.100 1983-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Information Technology
|
||
Financials
|
||
Consumer Discretionary
|
||
Communication Services
|
||
Materials
|
||
Health Care
|
||
Consumer Staples
|
||
Real Estate
|
||
Energy
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 97.4
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.6
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Japan - 96.7
|
|
United States - 3.1
|
|
China - 0.2
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
Sumitomo Mitsui Financial Group Inc
|
||
Sony Group Corp
|
||
Hitachi Ltd
|
||
Fujitsu Ltd
|
||
Tokio Marine Holdings Inc
|
||
Hoya Corp
|
||
ORIX Corp
|
||
Nintendo Co Ltd
|
||
Shin-Etsu Chemical Co Ltd
|
||
FUJIFILM Holdings Corp
|
||
35.9
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915683.100 2256-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Fidelity® Europe Fund
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Financials
|
||
Industrials
|
||
Consumer Discretionary
|
||
Health Care
|
||
Information Technology
|
||
Consumer Staples
|
||
Communication Services
|
||
Materials
|
||
Energy
|
||
Real Estate
|
||
Utilities
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 96.8
|
|
Preferred Stocks - 0.1
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 3.1
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
United Kingdom - 23.6
|
|
Germany - 18.4
|
|
France - 14.9
|
|
United States - 10.7
|
|
Italy - 6.5
|
|
Sweden - 5.4
|
|
Netherlands - 4.1
|
|
Switzerland - 3.3
|
|
Spain - 2.5
|
|
Others - 10.6
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
SAP SE
|
||
Astrazeneca PLC
|
||
RELX PLC
|
||
ASML Holding NV
|
||
Shell PLC
|
||
Rheinmetall AG
|
||
Rolls-Royce Holdings PLC
|
||
UniCredit SpA
|
||
Siemens AG
|
||
Air Liquide SA
|
||
24.6
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915633.100 301-TSRS-0625
|
SEMI-ANNUAL SHAREHOLDER REPORT | AS OF
|
||
|
||
Costs of a $10,000 investment
|
Costs paid as a percentage of a $10,000 investment
|
||
Class A
|
$
|
KEY FACTS
|
||
Fund Size
|
$
|
|
Number of Holdings
|
||
Portfolio Turnover
|
MARKET SECTORS
(% of Fund's net assets)
|
||
Industrials
|
||
Financials
|
||
Consumer Discretionary
|
||
Consumer Staples
|
||
Information Technology
|
||
Health Care
|
||
Real Estate
|
||
Communication Services
|
||
Energy
|
||
Utilities
|
||
Materials
|
||
ASSET ALLOCATION (% of Fund's net assets)
|
![]() |
Common Stocks - 98.0
|
|
Short-Term Investments and Net Other Assets (Liabilities) - 2.0
|
|
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets)
|
![]() |
Taiwan - 17.8
|
|
China - 17.5
|
|
Brazil - 13.1
|
|
India - 11.9
|
|
Korea (South) - 7.6
|
|
Mexico - 5.5
|
|
Indonesia - 4.1
|
|
United States - 3.3
|
|
Poland - 2.7
|
|
Others - 16.5
|
|
TOP HOLDINGS
(% of Fund's net assets)
|
||
OPAP SA
|
||
Localiza Rent a Car SA
|
||
Lion Finance Group PLC
|
||
Dino Polska SA
|
||
Max Healthcare Institute Ltd
|
||
Qualitas Controladora SAB de CV
|
||
Eicher Motors Ltd
|
||
Equatorial Energia SA
|
||
Shriram Finance Ltd
|
||
Banco de Chile ADR
|
||
14.3
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2025 FMR LLC. All rights reserved.
|
||
![]() |
![]() |
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec
1.9915775.100 2375-TSRS-0625
|
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
Contents
Common Stocks - 99.0%
|
|||
Shares
|
Value ($)
|
||
BRAZIL - 3.0%
|
|||
Materials - 3.0%
|
|||
Metals & Mining - 3.0%
|
|||
Wheaton Precious Metals Corp
|
343,200
|
28,656,428
|
|
CANADA - 92.2%
|
|||
Communication Services - 2.0%
|
|||
Diversified Telecommunication Services - 2.0%
|
|||
Quebecor Inc Class B
|
65,900
|
1,807,876
|
|
Quebecor Inc Multiple Voting Shares
|
338,000
|
9,306,891
|
|
TELUS Corp
|
498,600
|
7,674,664
|
|
18,789,431
|
|||
Consumer Discretionary - 7.0%
|
|||
Broadline Retail - 3.8%
|
|||
Dollarama Inc
|
284,800
|
35,140,345
|
|
Hotels, Restaurants & Leisure - 1.8%
|
|||
Restaurant Brands International Inc
|
261,100
|
16,823,961
|
|
Specialty Retail - 1.3%
|
|||
Aritzia Inc Subordinate Voting Shares (c)
|
90,026
|
3,166,517
|
|
Diversified Royalty Corp (b)
|
1,989,100
|
4,169,809
|
|
Pet Valu Holdings Ltd
|
247,500
|
5,136,353
|
|
12,472,679
|
|||
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Canada Goose Holdings Inc Subordinate Voting Shares (b)(c)
|
134,176
|
1,123,162
|
|
TOTAL CONSUMER DISCRETIONARY
|
65,560,147
|
||
Consumer Staples - 8.6%
|
|||
Beverages - 0.0%
|
|||
GURU Organic Energy Corp (b)(c)
|
206,800
|
247,512
|
|
Consumer Staples Distribution & Retail - 8.2%
|
|||
Alimentation Couche-Tard Inc
|
825,100
|
43,068,473
|
|
Metro Inc/CN
|
327,695
|
25,253,385
|
|
North West Co Inc/The
|
215,400
|
8,640,374
|
|
76,962,232
|
|||
Personal Care Products - 0.4%
|
|||
Jamieson Wellness Inc (d)(e)
|
182,000
|
4,217,975
|
|
TOTAL CONSUMER STAPLES
|
81,427,719
|
||
Energy - 15.6%
|
|||
Energy Equipment & Services - 0.5%
|
|||
Pason Systems Inc
|
558,700
|
4,449,823
|
|
Oil, Gas & Consumable Fuels - 15.1%
|
|||
Cameco Corp
|
282,900
|
12,770,105
|
|
Canadian Natural Resources Ltd
|
1,214,096
|
34,839,431
|
|
Imperial Oil Ltd (b)
|
225,200
|
15,190,300
|
|
Parkland Corp
|
404,630
|
10,193,530
|
|
PrairieSky Royalty Ltd
|
1,855,318
|
31,235,986
|
|
South Bow Corp (b)
|
552,600
|
13,648,651
|
|
Suncor Energy Inc
|
697,500
|
24,634,611
|
|
142,512,614
|
|||
TOTAL ENERGY
|
146,962,437
|
||
Financials - 28.2%
|
|||
Banks - 14.1%
|
|||
Bank of Montreal (b)
|
224,800
|
21,539,121
|
|
Royal Bank of Canada
|
619,600
|
74,369,080
|
|
Toronto Dominion Bank (b)
|
574,100
|
36,683,932
|
|
132,592,133
|
|||
Capital Markets - 5.7%
|
|||
Brookfield Asset Management Ltd Class A (b)
|
286,101
|
15,265,914
|
|
Brookfield Corp Class A
|
366,506
|
19,689,130
|
|
TMX Group Ltd
|
479,300
|
19,424,410
|
|
54,379,454
|
|||
Insurance - 8.4%
|
|||
Definity Financial Corp (b)
|
451,913
|
22,556,313
|
|
Intact Financial Corp
|
133,425
|
29,632,041
|
|
Sun Life Financial Inc
|
454,900
|
27,107,236
|
|
79,295,590
|
|||
TOTAL FINANCIALS
|
266,267,177
|
||
Health Care - 0.8%
|
|||
Health Care Providers & Services - 0.8%
|
|||
Andlauer Healthcare Group Inc Subordinate Voting Shares (b)
|
186,759
|
7,247,647
|
|
Industrials - 9.9%
|
|||
Ground Transportation - 6.7%
|
|||
Canadian National Railway Co
|
166,150
|
16,090,734
|
|
Canadian Pacific Kansas City Ltd
|
647,962
|
47,062,553
|
|
63,153,287
|
|||
Professional Services - 3.2%
|
|||
Thomson Reuters Corp
|
161,000
|
29,958,893
|
|
TOTAL INDUSTRIALS
|
93,112,180
|
||
Information Technology - 11.4%
|
|||
IT Services - 3.8%
|
|||
Shopify Inc Class A (c)
|
378,700
|
36,018,528
|
|
Software - 7.6%
|
|||
ApplyBoard Inc (c)(f)(g)
|
1,677
|
16,250
|
|
ApplyBoard Inc (c)(f)(g)
|
414
|
4,012
|
|
Computer Modelling Group Ltd (b)
|
415,600
|
2,396,649
|
|
Constellation Software Inc/Canada
|
16,200
|
58,383,339
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (c)(g)
|
19,300
|
1
|
|
Dye & Durham Ltd (b)
|
789,400
|
5,119,132
|
|
Lumine Group Inc Subordinate Voting Shares (c)(e)
|
163,307
|
5,279,699
|
|
71,199,082
|
|||
TOTAL INFORMATION TECHNOLOGY
|
107,217,610
|
||
Materials - 8.5%
|
|||
Chemicals - 2.0%
|
|||
Nutrien Ltd
|
325,681
|
18,592,119
|
|
Containers & Packaging - 1.1%
|
|||
CCL Industries Inc Class A
|
25,900
|
1,360,192
|
|
CCL Industries Inc Class B
|
165,800
|
8,664,030
|
|
10,024,222
|
|||
Metals & Mining - 4.9%
|
|||
Franco-Nevada Corp
|
248,700
|
42,738,660
|
|
Triple Flag Precious Metals Corp
|
182,800
|
3,793,637
|
|
46,532,297
|
|||
Paper & Forest Products - 0.5%
|
|||
Stella-Jones Inc
|
97,323
|
4,772,257
|
|
TOTAL MATERIALS
|
79,920,895
|
||
Utilities - 0.2%
|
|||
Independent Power and Renewable Electricity Producers - 0.2%
|
|||
TransAlta Corp
|
209,100
|
1,864,093
|
|
TOTAL CANADA
|
868,369,336
|
||
CHILE - 0.5%
|
|||
Materials - 0.5%
|
|||
Metals & Mining - 0.5%
|
|||
Lundin Mining Corp
|
615,600
|
5,036,971
|
|
UNITED STATES - 3.2%
|
|||
Consumer Discretionary - 0.5%
|
|||
Leisure Products - 0.5%
|
|||
BRP Inc Subordinate Voting Shares (b)
|
137,200
|
4,647,643
|
|
Industrials - 2.6%
|
|||
Commercial Services & Supplies - 2.6%
|
|||
GFL Environmental Inc Subordinate Voting Shares
|
466,900
|
23,297,585
|
|
Materials - 0.1%
|
|||
Metals & Mining - 0.1%
|
|||
Ivanhoe Electric Inc / US (c)
|
150,319
|
947,010
|
|
Ivanhoe Electric Inc / US warrants (c)
|
150,319
|
138,733
|
|
1,085,743
|
|||
TOTAL UNITED STATES
|
29,030,971
|
||
ZAMBIA - 0.1%
|
|||
Materials - 0.1%
|
|||
Metals & Mining - 0.1%
|
|||
First Quantum Minerals Ltd (c)
|
99,117
|
1,330,811
|
|
TOTAL COMMON STOCKS
(Cost $446,181,014)
|
932,424,517
|
||
Convertible Corporate Bonds - 0.2%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
CANADA - 0.2%
|
|||
Communication Services - 0.2%
|
|||
Entertainment - 0.2%
|
|||
Cineplex Inc 7.75% 3/1/2030 (d)
(Cost $1,490,650)
|
CAD
|
2,190,000
|
1,922,167
|
Convertible Preferred Stocks - 0.3%
|
|||
Shares
|
Value ($)
|
||
CANADA - 0.3%
|
|||
Information Technology - 0.3%
|
|||
Software - 0.3%
|
|||
Valsoft Corp Series A-1.2 (f)(g)
|
126
|
1,475,928
|
|
Valsoft Corp Series A-1.3 (f)(g)
|
45
|
527,117
|
|
Valsoft Corp Series A-1.4 (f)(g)
|
58
|
679,395
|
|
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $2,686,002)
|
2,682,440
|
||
Non-Convertible Preferred Stocks - 0.0%
|
|||
Shares
|
Value ($)
|
||
CANADA - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
ApplyBoard Inc Series A1 (c)(f)(g)
|
2,063
|
20,135
|
|
ApplyBoard Inc Series A2 (c)(f)(g)
|
1,615
|
15,795
|
|
ApplyBoard Inc Series A3 (c)(f)(g)
|
92
|
901
|
|
ApplyBoard Inc Series D (c)(f)(g)
|
4,504
|
85,891
|
|
ApplyBoard Inc Series SEED (c)(f)(g)
|
617
|
5,991
|
|
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
(Cost $770,130)
|
128,713
|
||
Money Market Funds - 3.3%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (h)
|
4.33
|
1,878,250
|
1,878,625
|
|
Fidelity Securities Lending Cash Central Fund (h)(i)
|
4.33
|
29,506,334
|
29,509,285
|
|
TOTAL MONEY MARKET FUNDS
(Cost $31,387,910)
|
31,387,910
|
|||
TOTAL INVESTMENT IN SECURITIES - 102.8%
(Cost $482,515,706)
|
968,545,747
|
NET OTHER ASSETS (LIABILITIES) - (2.8)%
|
(25,939,186)
|
NET ASSETS - 100.0%
|
942,606,561
|
CAD
|
-
|
Canadian Dollar
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
Non-income producing
|
(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 $6,140,142 or 0.7% of net assets.
|
(e)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $9,497,674 or 1.0% of net assets.
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,831,415 or 0.3% of net assets.
|
(g)
|
Level 3 security
|
(h)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(i)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ApplyBoard Inc
|
6/30/21
|
44,290
|
ApplyBoard Inc
|
6/04/21 - 6/30/21
|
85,688
|
ApplyBoard Inc Series A1
|
6/04/21
|
133,582
|
ApplyBoard Inc Series A2
|
6/04/21
|
104,573
|
ApplyBoard Inc Series A3
|
6/04/21
|
5,957
|
ApplyBoard Inc Series D
|
6/04/21
|
486,066
|
ApplyBoard Inc Series SEED
|
6/04/21
|
39,952
|
Valsoft Corp Series A-1.2
|
3/14/25
|
1,475,927
|
Valsoft Corp Series A-1.3
|
3/17/25
|
446,709
|
Valsoft Corp Series A-1.4
|
3/17/25
|
763,365
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
718,404
|
36,611,506
|
35,451,285
|
13,547
|
-
|
-
|
1,878,625
|
1,878,250
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
7,295,105
|
572,945,842
|
550,731,662
|
150,502
|
-
|
-
|
29,509,285
|
29,506,334
|
0.1%
|
Total
|
8,013,509
|
609,557,348
|
586,182,947
|
164,049
|
-
|
-
|
31,387,910
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
18,789,431
|
18,789,431
|
-
|
-
|
Consumer Discretionary
|
70,207,790
|
70,207,790
|
-
|
-
|
Consumer Staples
|
81,427,719
|
81,427,719
|
-
|
-
|
Energy
|
146,962,437
|
146,962,437
|
-
|
-
|
Financials
|
266,267,177
|
266,267,177
|
-
|
-
|
Health Care
|
7,247,647
|
7,247,647
|
-
|
-
|
Industrials
|
116,409,765
|
116,409,765
|
-
|
-
|
Information Technology
|
107,217,610
|
107,197,347
|
-
|
20,263
|
Materials
|
116,030,848
|
115,892,115
|
138,733
|
-
|
Utilities
|
1,864,093
|
1,864,093
|
-
|
-
|
Convertible Corporate Bonds
|
||||
Communication Services
|
1,922,167
|
-
|
1,922,167
|
-
|
Convertible Preferred Stocks
|
||||
Information Technology
|
2,682,440
|
-
|
-
|
2,682,440
|
Non-Convertible Preferred Stocks
|
||||
Information Technology
|
128,713
|
-
|
-
|
128,713
|
Money Market Funds
|
31,387,910
|
31,387,910
|
-
|
-
|
Total Investments in Securities:
|
968,545,747
|
963,653,431
|
2,060,900
|
2,831,416
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $27,834,371) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $451,127,796)
|
$
|
937,157,837
|
||
Fidelity Central Funds (cost $31,387,910)
|
31,387,910
|
|||
Total Investment in Securities (cost $482,515,706)
|
$
|
968,545,747
|
||
Foreign currency held at value (cost $1,532,167)
|
1,535,990
|
|||
Receivable for investments sold
|
6,299,172
|
|||
Receivable for fund shares sold
|
284,076
|
|||
Dividends receivable
|
1,268,103
|
|||
Interest receivable
|
10,794
|
|||
Distributions receivable from Fidelity Central Funds
|
44,369
|
|||
Prepaid expenses
|
272
|
|||
Total assets
|
977,988,523
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
509,576
|
||
Payable for fund shares redeemed
|
4,641,010
|
|||
Accrued management fee
|
677,700
|
|||
Distribution and service plan fees payable
|
9,106
|
|||
Other payables and accrued expenses
|
38,860
|
|||
Collateral on securities loaned
|
29,505,710
|
|||
Total liabilities
|
35,381,962
|
|||
Net Assets
|
$
|
942,606,561
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
429,030,723
|
||
Total accumulated earnings (loss)
|
513,575,838
|
|||
Net Assets
|
$
|
942,606,561
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($30,002,198 ÷ 428,315 shares)(a)
|
$
|
70.05
|
||
Maximum offering price per share (100/94.25 of $70.05)
|
$
|
74.32
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($6,631,618 ÷ 95,120 shares)(a)
|
$
|
69.72
|
||
Maximum offering price per share (100/96.50 of $69.72)
|
$
|
72.25
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($638,450 ÷ 9,204 shares)(a)
|
$
|
69.37
|
||
Canada :
|
||||
Net Asset Value, offering price and redemption price per share ($875,550,141 ÷ 12,443,281 shares)
|
$
|
70.36
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($23,954,611 ÷ 341,042 shares)
|
$
|
70.24
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($5,829,543 ÷ 83,335 shares)
|
$
|
69.95
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
10,375,169
|
||
Interest
|
64,747
|
|||
Income from Fidelity Central Funds (including $150,502 from security lending)
|
164,049
|
|||
Income before foreign taxes withheld
|
$
|
10,603,965
|
||
Less foreign taxes withheld
|
(1,629,578)
|
|||
Total income
|
8,974,387
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
3,843,944
|
||
Performance adjustment
|
392,290
|
|||
Distribution and service plan fees
|
57,696
|
|||
Custodian fees and expenses
|
8,180
|
|||
Independent trustees' fees and expenses
|
2,048
|
|||
Registration fees
|
67,049
|
|||
Audit fees
|
31,811
|
|||
Legal
|
1,381
|
|||
Miscellaneous
|
3,550
|
|||
Total expenses
|
4,407,949
|
|||
Net Investment income (loss)
|
4,566,438
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
31,058,258
|
|||
Foreign currency transactions
|
(63,487)
|
|||
Total net realized gain (loss)
|
30,994,771
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
19,847,057
|
|||
Assets and liabilities in foreign currencies
|
26,681
|
|||
Total change in net unrealized appreciation (depreciation)
|
19,873,738
|
|||
Net gain (loss)
|
50,868,509
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
55,434,947
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
4,566,438
|
$
|
9,029,103
|
Net realized gain (loss)
|
30,994,771
|
56,897,626
|
||
Change in net unrealized appreciation (depreciation)
|
19,873,738
|
144,534,605
|
||
Net increase (decrease) in net assets resulting from operations
|
55,434,947
|
210,461,334
|
||
Distributions to shareholders
|
(64,898,988)
|
(30,159,569)
|
||
Share transactions - net increase (decrease)
|
9,593,684
|
(60,797,616)
|
||
Total increase (decrease) in net assets
|
129,643
|
119,504,149
|
||
Net Assets
|
||||
Beginning of period
|
942,476,918
|
822,972,769
|
||
End of period
|
$
|
942,606,561
|
$
|
942,476,918
|
Fidelity Advisor® Canada Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
70.62
|
$
|
57.80
|
$
|
59.44
|
$
|
67.23
|
$
|
46.01
|
$
|
51.95
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.24
|
.47
|
.57
|
.63
|
.55
|
.61
|
||||||
Net realized and unrealized gain (loss)
|
3.87
|
14.32
|
(.01)
|
(5.30)
|
21.89
|
(4.38)
|
||||||
Total from investment operations
|
4.11
|
14.79
|
.56
|
(4.67)
|
22.44
|
(3.77)
|
||||||
Distributions from net investment income
|
(.70)
|
(.65)
|
(.68)
|
(.61)
|
(.63)
|
(.77)
|
||||||
Distributions from net realized gain
|
(3.98)
|
(1.31)
|
(1.52)
|
(2.51)
|
(.59)
|
(1.40)
|
||||||
Total distributions
|
(4.68)
|
(1.97) C
|
(2.20)
|
(3.12)
|
(1.22)
|
(2.17)
|
||||||
Net asset value, end of period
|
$
|
70.05
|
$
|
70.62
|
$
|
57.80
|
$
|
59.44
|
$
|
67.23
|
$
|
46.01
|
Total Return D,E,F
|
6.04 % |
26.11%
|
.88%
|
(7.06)%
|
49.45%
|
(7.70)%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.22% I
|
1.34%
|
1.36%
|
1.20%
|
1.12%
|
1.20%
|
||||||
Expenses net of fee waivers, if any
|
1.22 % I |
1.33%
|
1.36%
|
1.20%
|
1.12%
|
1.20%
|
||||||
Expenses net of all reductions, if any
|
1.22% I
|
1.33%
|
1.35%
|
1.20%
|
1.12%
|
1.19%
|
||||||
Net investment income (loss)
|
.70% I
|
.70%
|
.94%
|
1.00%
|
.92%
|
1.27%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
30,002
|
$
|
31,401
|
$
|
28,548
|
$
|
31,707
|
$
|
33,087
|
$
|
23,395
|
Portfolio turnover rate J
|
12 % I |
8%
|
9%
|
13%
|
7%
|
11%
|
Fidelity Advisor® Canada Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
70.23
|
$
|
57.49
|
$
|
59.09
|
$
|
66.84
|
$
|
45.74
|
$
|
51.67
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.15
|
.30
|
.41
|
.45
|
.38
|
.47
|
||||||
Net realized and unrealized gain (loss)
|
3.84
|
14.25
|
- C
|
(5.26)
|
21.78
|
(4.36)
|
||||||
Total from investment operations
|
3.99
|
14.55
|
.41
|
(4.81)
|
22.16
|
(3.89)
|
||||||
Distributions from net investment income
|
(.53)
|
(.50)
|
(.49)
|
(.42)
|
(.47)
|
(.64)
|
||||||
Distributions from net realized gain
|
(3.98)
|
(1.31)
|
(1.52)
|
(2.51)
|
(.59)
|
(1.40)
|
||||||
Total distributions
|
(4.50) D
|
(1.81)
|
(2.01)
|
(2.94) D
|
(1.06)
|
(2.04)
|
||||||
Net asset value, end of period
|
$
|
69.72
|
$
|
70.23
|
$
|
57.49
|
$
|
59.09
|
$
|
66.84
|
$
|
45.74
|
Total Return E,F,G
|
5.90 % |
25.80%
|
.62%
|
(7.32)%
|
49.04%
|
(7.95)%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.47% J
|
1.59%
|
1.63%
|
1.48%
|
1.40%
|
1.47%
|
||||||
Expenses net of fee waivers, if any
|
1.47 % J |
1.58%
|
1.63%
|
1.48%
|
1.39%
|
1.47%
|
||||||
Expenses net of all reductions, if any
|
1.47% J
|
1.58%
|
1.62%
|
1.48%
|
1.39%
|
1.47%
|
||||||
Net investment income (loss)
|
.45% J
|
.45%
|
.68%
|
.72%
|
.64%
|
.99%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
6,632
|
$
|
6,946
|
$
|
6,255
|
$
|
6,641
|
$
|
7,829
|
$
|
5,911
|
Portfolio turnover rate K
|
12 % J |
8%
|
9%
|
13%
|
7%
|
11%
|
Fidelity Advisor® Canada Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
69.57
|
$
|
56.91
|
$
|
58.39
|
$
|
65.76
|
$
|
44.96
|
$
|
50.61
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
(.02)
|
(.03)
|
.10
|
.14
|
.08
|
.24
|
||||||
Net realized and unrealized gain (loss)
|
3.82
|
14.15
|
- C
|
(5.19)
|
21.46
|
(4.31)
|
||||||
Total from investment operations
|
3.80
|
14.12
|
.10
|
(5.05)
|
21.54
|
(4.07)
|
||||||
Distributions from net investment income
|
(.02)
|
(.15)
|
(.05)
|
-
|
(.15)
|
(.18)
|
||||||
Distributions from net realized gain
|
(3.98)
|
(1.31)
|
(1.52)
|
(2.32)
|
(.59)
|
(1.40)
|
||||||
Total distributions
|
(4.00)
|
(1.46)
|
(1.58) D
|
(2.32)
|
(.74)
|
(1.58)
|
||||||
Net asset value, end of period
|
$
|
69.37
|
$
|
69.57
|
$
|
56.91
|
$
|
58.39
|
$
|
65.76
|
$
|
44.96
|
Total Return E,F,G
|
5.64 % |
25.19%
|
.10%
|
(7.79)%
|
48.31%
|
(8.39)%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.97% J
|
2.09%
|
2.14%
|
1.99%
|
1.90%
|
1.95%
|
||||||
Expenses net of fee waivers, if any
|
1.97 % J |
2.09%
|
2.13%
|
1.98%
|
1.90%
|
1.95%
|
||||||
Expenses net of all reductions, if any
|
1.97% J
|
2.09%
|
2.13%
|
1.98%
|
1.90%
|
1.95%
|
||||||
Net investment income (loss)
|
(.05)% J
|
(.05)%
|
.16%
|
.22%
|
.14%
|
.51%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
638
|
$
|
759
|
$
|
844
|
$
|
1,109
|
$
|
1,683
|
$
|
3,151
|
Portfolio turnover rate K
|
12 % J |
8%
|
9%
|
13%
|
7%
|
11%
|
Fidelity® Canada Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
71.03
|
$
|
58.14
|
$
|
59.79
|
$
|
67.62
|
$
|
46.26
|
$
|
52.21
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.34
|
.66
|
.77
|
.83
|
.74
|
.76
|
||||||
Net realized and unrealized gain (loss)
|
3.88
|
14.40
|
(.03)
|
(5.33)
|
21.99
|
(4.38)
|
||||||
Total from investment operations
|
4.22
|
15.06
|
.74
|
(4.50)
|
22.73
|
(3.62)
|
||||||
Distributions from net investment income
|
(.91)
|
(.86)
|
(.87)
|
(.82)
|
(.78)
|
(.92)
|
||||||
Distributions from net realized gain
|
(3.98)
|
(1.31)
|
(1.52)
|
(2.51)
|
(.59)
|
(1.40)
|
||||||
Total distributions
|
(4.89)
|
(2.17)
|
(2.39)
|
(3.33)
|
(1.37)
|
(2.33) C
|
||||||
Net asset value, end of period
|
$
|
70.36
|
$
|
71.03
|
$
|
58.14
|
$
|
59.79
|
$
|
67.62
|
$
|
46.26
|
Total Return D,E
|
6.18 % |
26.49%
|
1.18%
|
(6.77)%
|
49.91%
|
(7.40)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.93% H
|
1.05%
|
1.05%
|
.89%
|
.80%
|
.88%
|
||||||
Expenses net of fee waivers, if any
|
.93 % H |
1.04%
|
1.04%
|
.88%
|
.80%
|
.88%
|
||||||
Expenses net of all reductions, if any
|
.93% H
|
1.04%
|
1.04%
|
.88%
|
.80%
|
.88%
|
||||||
Net investment income (loss)
|
.99% H
|
.99%
|
1.25%
|
1.32%
|
1.24%
|
1.58%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
875,550
|
$
|
877,615
|
$
|
774,062
|
$
|
825,488
|
$
|
821,617
|
$
|
612,716
|
Portfolio turnover rate I
|
12 % H |
8%
|
9%
|
13%
|
7%
|
11%
|
Fidelity Advisor® Canada Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
71.09
|
$
|
58.19
|
$
|
59.84
|
$
|
67.70
|
$
|
46.24
|
$
|
52.11
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.33
|
.67
|
.78
|
.85
|
.78
|
.79
|
||||||
Net realized and unrealized gain (loss)
|
3.89
|
14.40
|
(.03)
|
(5.34)
|
22.00
|
(4.39)
|
||||||
Total from investment operations
|
4.22
|
15.07
|
.75
|
(4.49)
|
22.78
|
(3.60)
|
||||||
Distributions from net investment income
|
(1.09)
|
(.86)
|
(.88)
|
(.86)
|
(.73)
|
(.87)
|
||||||
Distributions from net realized gain
|
(3.98)
|
(1.31)
|
(1.52)
|
(2.51)
|
(.59)
|
(1.40)
|
||||||
Total distributions
|
(5.07)
|
(2.17)
|
(2.40)
|
(3.37)
|
(1.32)
|
(2.27)
|
||||||
Net asset value, end of period
|
$
|
70.24
|
$
|
71.09
|
$
|
58.19
|
$
|
59.84
|
$
|
67.70
|
$
|
46.24
|
Total Return C,D
|
6.18 % |
26.49%
|
1.20%
|
(6.74)%
|
50.02%
|
(7.35)%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.95% G
|
1.04%
|
1.03%
|
.86%
|
.74%
|
.81%
|
||||||
Expenses net of fee waivers, if any
|
.95 % G |
1.04%
|
1.03%
|
.86%
|
.74%
|
.81%
|
||||||
Expenses net of all reductions, if any
|
.95% G
|
1.04%
|
1.03%
|
.86%
|
.74%
|
.81%
|
||||||
Net investment income (loss)
|
.97% G
|
1.00%
|
1.27%
|
1.34%
|
1.29%
|
1.65%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
23,955
|
$
|
19,072
|
$
|
10,571
|
$
|
16,165
|
$
|
13,724
|
$
|
8,392
|
Portfolio turnover rate H
|
12 % G |
8%
|
9%
|
13%
|
7%
|
11%
|
Fidelity Advisor® Canada Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
70.84
|
$
|
58.01
|
$
|
59.55
|
$
|
67.38
|
$
|
46.11
|
$
|
52.07
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.37
|
.75
|
.85
|
.92
|
.82
|
.84
|
||||||
Net realized and unrealized gain (loss)
|
3.86
|
14.33
|
(.03)
|
(5.33)
|
21.91
|
(4.37)
|
||||||
Total from investment operations
|
4.23
|
15.08
|
.82
|
(4.41)
|
22.73
|
(3.53)
|
||||||
Distributions from net investment income
|
(1.15)
|
(.94)
|
(.84)
|
(.91)
|
(.87)
|
(1.03)
|
||||||
Distributions from net realized gain
|
(3.98)
|
(1.31)
|
(1.52)
|
(2.51)
|
(.59)
|
(1.40)
|
||||||
Total distributions
|
(5.12) C
|
(2.25)
|
(2.36)
|
(3.42)
|
(1.46)
|
(2.43)
|
||||||
Net asset value, end of period
|
$
|
69.95
|
$
|
70.84
|
$
|
58.01
|
$
|
59.55
|
$
|
67.38
|
$
|
46.11
|
Total Return D,E
|
6.23 % |
26.62%
|
1.33%
|
(6.66)%
|
50.13%
|
(7.24)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.84% H
|
.93%
|
.92%
|
.75%
|
.66%
|
.72%
|
||||||
Expenses net of fee waivers, if any
|
.84 % H |
.92%
|
.91%
|
.75%
|
.66%
|
.72%
|
||||||
Expenses net of all reductions, if any
|
.84% H
|
.92%
|
.91%
|
.75%
|
.66%
|
.72%
|
||||||
Net investment income (loss)
|
1.08% H
|
1.11%
|
1.38%
|
1.45%
|
1.38%
|
1.74%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
5,830
|
$
|
6,683
|
$
|
2,692
|
$
|
5,843
|
$
|
22,010
|
$
|
15,221
|
Portfolio turnover rate I
|
12 % H |
8%
|
9%
|
13%
|
7%
|
11%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$495,223,193
|
Gross unrealized depreciation
|
(15,260,993)
|
Net unrealized appreciation (depreciation)
|
$479,962,200
|
Tax cost
|
$488,583,547
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Canada Fund
|
56,732,527
|
108,227,638
|
Maximum Management Fee Rate %
|
|
Class A
|
.89
|
Class M
|
.89
|
Class C
|
.89
|
Canada
|
.86
|
Class I
|
.84
|
Class Z
|
.73
|
Total Management Fee Rate %
|
|
Class A
|
.86
|
Class M
|
.86
|
Class C
|
.86
|
Canada
|
.82
|
Class I
|
.84
|
Class Z
|
.73
|
Performance Adjustment Index
|
|
Fidelity Canada Fund
|
S&P/TSX Composite Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
-%
|
.25%
|
37,633
|
567
|
Class M
|
.25%
|
.25%
|
16,664
|
202
|
Class C
|
.75%
|
.25%
|
3,399
|
212
|
57,696
|
981
|
Retained by FDC ($)
|
|
Class A
|
654
|
Class M
|
93
|
Class CA
|
29
|
776
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Canada Fund
|
6,215,421
|
3,931,107
|
950,889
|
Amount ($)
|
|
Fidelity Canada Fund
|
721
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Canada Fund
|
16,341
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Canada Fund
|
||
Distributions to shareholders
|
||
Class A
|
$2,052,100
|
$956,471
|
Class M
|
441,669
|
195,471
|
Class C
|
42,554
|
21,926
|
Canada
|
59,857,564
|
28,479,448
|
Class I
|
1,835,114
|
395,367
|
Class Z
|
669,987
|
110,886
|
Total
|
$64,898,988
|
$30,159,569
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Canada Fund
|
||||
Class A
|
||||
Shares sold
|
7,846
|
13,073
|
$531,999
|
$863,814
|
Reinvestment of distributions
|
28,921
|
15,002
|
1,959,103
|
916,003
|
Shares redeemed
|
(53,067)
|
(77,356)
|
(3,566,636)
|
(5,101,231)
|
Net increase (decrease)
|
(16,300)
|
(49,281)
|
$(1,075,534)
|
$(3,321,414)
|
Class M
|
||||
Shares sold
|
605
|
1,815
|
$40,889
|
$118,342
|
Reinvestment of distributions
|
6,508
|
3,195
|
439,149
|
194,459
|
Shares redeemed
|
(10,901)
|
(14,909)
|
(729,471)
|
(987,428)
|
Net increase (decrease)
|
(3,788)
|
(9,899)
|
$(249,433)
|
$(674,627)
|
Class C
|
||||
Shares sold
|
582
|
1,074
|
$39,536
|
$67,883
|
Reinvestment of distributions
|
633
|
362
|
42,554
|
21,926
|
Shares redeemed
|
(2,921)
|
(5,361)
|
(196,555)
|
(354,782)
|
Net increase (decrease)
|
(1,706)
|
(3,925)
|
$(114,465)
|
$(264,973)
|
Canada
|
||||
Shares sold
|
345,539
|
412,712
|
$23,972,268
|
$27,859,664
|
Reinvestment of distributions
|
822,201
|
435,957
|
55,884,979
|
26,706,738
|
Shares redeemed
|
(1,079,745)
|
(1,806,263)
|
(73,624,029)
|
(120,315,587)
|
Net increase (decrease)
|
87,995
|
(957,594)
|
$6,233,218
|
$(65,749,185)
|
Class I
|
||||
Shares sold
|
254,869
|
241,609
|
$17,638,126
|
$16,397,061
|
Reinvestment of distributions
|
26,645
|
6,203
|
1,807,836
|
380,299
|
Shares redeemed
|
(208,742)
|
(161,195)
|
(14,180,255)
|
(10,741,551)
|
Net increase (decrease)
|
72,772
|
86,617
|
$5,265,707
|
$6,035,809
|
Class Z
|
||||
Shares sold
|
72,348
|
88,695
|
$5,053,599
|
$5,943,877
|
Reinvestment of distributions
|
9,164
|
1,551
|
619,049
|
94,654
|
Shares redeemed
|
(92,519)
|
(42,317)
|
(6,138,457)
|
(2,861,757)
|
Net increase (decrease)
|
(11,007)
|
47,929
|
$(465,809)
|
$3,176,774
|
Common Stocks - 95.8%
|
|||
Shares
|
Value ($)
|
||
CHINA - 59.3%
|
|||
Communication Services - 14.5%
|
|||
Entertainment - 1.1%
|
|||
NetEase Cloud Music Inc (a)(b)(c)
|
202,700
|
4,717,540
|
|
Netease Inc
|
364,700
|
7,839,719
|
|
12,557,259
|
|||
Interactive Media & Services - 13.4%
|
|||
Tencent Holdings Ltd
|
2,387,700
|
146,248,904
|
|
TOTAL COMMUNICATION SERVICES
|
158,806,163
|
||
Consumer Discretionary - 21.5%
|
|||
Automobile Components - 1.0%
|
|||
Fuyao Glass Industry Group Co Ltd H Shares (a)(c)
|
642,000
|
4,540,422
|
|
Zhejiang Shuanghuan Driveline Co Ltd A Shares (China) (b)
|
1,385,670
|
6,431,872
|
|
10,972,294
|
|||
Automobiles - 1.9%
|
|||
BYD Co Ltd A Shares (China)
|
51,800
|
2,518,068
|
|
BYD Co Ltd H Shares
|
295,000
|
14,011,392
|
|
Li Auto Inc A Shares (b)
|
191,600
|
2,334,584
|
|
ZEEKR Intelligent Technology Holding Ltd ADR (b)(d)
|
104,200
|
2,240,300
|
|
21,104,344
|
|||
Broadline Retail - 11.9%
|
|||
Alibaba Group Holding Ltd
|
4,812,900
|
71,856,747
|
|
JD.com Inc A Shares
|
912,000
|
14,848,662
|
|
PDD Holdings Inc Class A ADR (b)
|
410,405
|
43,326,456
|
|
130,031,865
|
|||
Diversified Consumer Services - 2.3%
|
|||
New Oriental Education & Technology Group Inc
|
1,650,900
|
8,088,074
|
|
New Oriental Education & Technology Group Inc ADR
|
118,946
|
5,810,512
|
|
TAL Education Group Class A ADR (b)
|
1,283,968
|
11,234,720
|
|
25,133,306
|
|||
Hotels, Restaurants & Leisure - 2.9%
|
|||
Meituan B Shares (a)(b)(c)
|
1,019,958
|
16,887,891
|
|
Trip.com Group Ltd ADR
|
255,336
|
15,062,271
|
|
31,950,162
|
|||
Household Durables - 0.9%
|
|||
Midea Group Co Ltd A Shares (China)
|
825,100
|
8,355,522
|
|
Midea Group Co Ltd H Shares
|
130,700
|
1,239,490
|
|
9,595,012
|
|||
Textiles, Apparel & Luxury Goods - 0.6%
|
|||
Shenzhou International Group Holdings Ltd
|
1,062,400
|
7,369,787
|
|
TOTAL CONSUMER DISCRETIONARY
|
236,156,770
|
||
Consumer Staples - 1.9%
|
|||
Beverages - 1.9%
|
|||
Kweichow Moutai Co Ltd A Shares (China)
|
72,445
|
15,416,295
|
|
Luzhou Laojiao Co Ltd A Shares (China)
|
324,600
|
5,524,827
|
|
20,941,122
|
|||
Financials - 8.4%
|
|||
Banks - 5.1%
|
|||
China Construction Bank Corp H Shares
|
45,492,610
|
37,423,649
|
|
Industrial & Commercial Bank of China Ltd H Shares
|
26,937,000
|
18,477,595
|
|
55,901,244
|
|||
Financial Services - 0.9%
|
|||
Far East Horizon Ltd
|
13,368,500
|
10,359,571
|
|
Insurance - 2.4%
|
|||
China Pacific Insurance Group Co Ltd H Shares
|
2,811,400
|
7,648,736
|
|
PICC Property & Casualty Co Ltd H Shares
|
6,492,000
|
11,970,139
|
|
Ping An Insurance Group Co of China Ltd H Shares
|
1,029,500
|
6,161,595
|
|
25,780,470
|
|||
TOTAL FINANCIALS
|
92,041,285
|
||
Health Care - 3.4%
|
|||
Biotechnology - 2.5%
|
|||
Abbisko Cayman Ltd (b)
|
6,083,000
|
6,015,861
|
|
Beijing Tiantan Biological Products Corp Ltd A Shares (China)
|
911,900
|
2,393,209
|
|
Innovent Biologics Inc (a)(b)(c)
|
805,000
|
5,579,033
|
|
Zai Lab Ltd (b)
|
2,651,400
|
8,445,775
|
|
Zai Lab Ltd ADR (b)
|
166,200
|
5,266,878
|
|
27,700,756
|
|||
Health Care Equipment & Supplies - 0.8%
|
|||
Shenzhen Mindray Bio-Medical Electronics Co Ltd A Shares (China)
|
275,410
|
8,319,680
|
|
Pharmaceuticals - 0.1%
|
|||
Consun Pharmaceutical Group Ltd
|
1,222,000
|
1,459,038
|
|
TOTAL HEALTH CARE
|
37,479,474
|
||
Industrials - 2.6%
|
|||
Electrical Equipment - 1.2%
|
|||
Contemporary Amperex Technology Co Ltd A Shares (China)
|
336,800
|
10,756,052
|
|
Sieyuan Electric Co Ltd A Shares (China)
|
297,600
|
2,948,564
|
|
13,704,616
|
|||
Machinery - 1.1%
|
|||
Shenzhen Inovance Technology Co Ltd A Shares (China)
|
557,013
|
5,476,387
|
|
Weichai Power Co Ltd H Shares
|
3,204,000
|
6,279,437
|
|
11,755,824
|
|||
Marine Transportation - 0.3%
|
|||
SITC International Holdings Co Ltd
|
1,055,000
|
2,917,859
|
|
Trading Companies & Distributors - 0.0%
|
|||
Zkh Group Limited Class A (b)
|
1
|
0
|
|
TOTAL INDUSTRIALS
|
28,378,299
|
||
Information Technology - 2.7%
|
|||
Electronic Equipment, Instruments & Components - 0.3%
|
|||
Luxshare Precision Industry Co Ltd A Shares (China)
|
761,000
|
3,235,434
|
|
Semiconductors & Semiconductor Equipment - 2.4%
|
|||
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
|
557,591
|
14,456,568
|
|
Anji Microelectronics Technology Shanghai Co Ltd A Shares (China)
|
184,200
|
4,684,527
|
|
NAURA Technology Group Co Ltd A Shares (China)
|
108,300
|
6,726,921
|
|
25,868,016
|
|||
TOTAL INFORMATION TECHNOLOGY
|
29,103,450
|
||
Materials - 3.2%
|
|||
Chemicals - 0.4%
|
|||
Shandong Sinocera Functional Material Co Ltd A Shares (China)
|
2,024,700
|
4,680,079
|
|
Containers & Packaging - 0.2%
|
|||
Shenzhen YUTO Packaging Technology Co Ltd A Shares (China)
|
868,971
|
2,476,822
|
|
Metals & Mining - 2.6%
|
|||
Zijin Mining Group Co Ltd H Shares
|
12,538,000
|
27,450,518
|
|
TOTAL MATERIALS
|
34,607,419
|
||
Real Estate - 1.1%
|
|||
Real Estate Management & Development - 1.1%
|
|||
China Resources Mixc Lifestyle Services Ltd (a)(c)
|
1,596,600
|
7,678,733
|
|
KE Holdings Inc ADR
|
250,470
|
5,084,540
|
|
12,763,273
|
|||
TOTAL CHINA
|
650,277,255
|
||
FRANCE - 0.4%
|
|||
Consumer Discretionary - 0.4%
|
|||
Textiles, Apparel & Luxury Goods - 0.4%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
7,000
|
3,877,505
|
|
HONG KONG - 4.1%
|
|||
Communication Services - 0.5%
|
|||
Diversified Telecommunication Services - 0.5%
|
|||
HKT Trust & HKT Ltd unit
|
4,072,000
|
5,796,441
|
|
Financials - 3.6%
|
|||
Capital Markets - 0.4%
|
|||
Hong Kong Exchanges & Clearing Ltd
|
113,800
|
4,971,888
|
|
Insurance - 3.2%
|
|||
AIA Group Ltd
|
4,613,200
|
34,566,321
|
|
TOTAL FINANCIALS
|
39,538,209
|
||
TOTAL HONG KONG
|
45,334,650
|
||
SINGAPORE - 1.4%
|
|||
Communication Services - 1.4%
|
|||
Entertainment - 1.4%
|
|||
Sea Ltd Class A ADR (b)
|
117,700
|
15,777,685
|
|
SOUTH AFRICA - 0.5%
|
|||
Consumer Discretionary - 0.5%
|
|||
Broadline Retail - 0.5%
|
|||
Naspers Ltd Class N
|
21,700
|
5,707,288
|
|
TAIWAN - 29.1%
|
|||
Consumer Staples - 0.8%
|
|||
Food Products - 0.8%
|
|||
Uni-President Enterprises Corp
|
3,628,000
|
8,701,263
|
|
Financials - 1.2%
|
|||
Banks - 0.9%
|
|||
E.Sun Financial Holding Co Ltd
|
10,974,885
|
9,715,031
|
|
Financial Services - 0.3%
|
|||
Chailease Holding Co Ltd
|
895,000
|
3,213,864
|
|
TOTAL FINANCIALS
|
12,928,895
|
||
Information Technology - 27.1%
|
|||
Electronic Equipment, Instruments & Components - 1.2%
|
|||
All Ring Tech Co Ltd
|
229,000
|
1,828,343
|
|
Chroma ATE Inc
|
678,000
|
6,185,385
|
|
Delta Electronics Inc
|
266,000
|
2,781,636
|
|
Hon Hai Precision Industry Co Ltd
|
491,000
|
2,183,182
|
|
12,978,546
|
|||
Semiconductors & Semiconductor Equipment - 25.9%
|
|||
ASE Technology Holding Co Ltd
|
1,396,000
|
5,936,755
|
|
eMemory Technology Inc
|
204,481
|
16,432,237
|
|
King Yuan Electronics Co Ltd
|
668,000
|
1,812,945
|
|
MediaTek Inc
|
407,000
|
17,260,154
|
|
Taiwan Semiconductor Manufacturing Co Ltd
|
8,401,000
|
237,563,210
|
|
Topco Scientific Co Ltd
|
679,000
|
5,205,427
|
|
284,210,728
|
|||
TOTAL INFORMATION TECHNOLOGY
|
297,189,274
|
||
TOTAL TAIWAN
|
318,819,432
|
||
UNITED STATES - 1.0%
|
|||
Health Care - 0.8%
|
|||
Biotechnology - 0.8%
|
|||
Legend Biotech Corp ADR (b)
|
249,539
|
8,721,388
|
|
Industrials - 0.2%
|
|||
Aerospace & Defense - 0.2%
|
|||
Space Exploration Technologies Corp (b)(e)(f)
|
10,000
|
1,850,000
|
|
TOTAL UNITED STATES
|
10,571,388
|
||
TOTAL COMMON STOCKS
(Cost $677,604,125)
|
1,050,365,203
|
||
Convertible Preferred Stocks - 0.9%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.9%
|
|||
Communication Services - 0.8%
|
|||
Interactive Media & Services - 0.8%
|
|||
ByteDance Ltd Series E1 (b)(e)(f)
|
38,752
|
8,226,662
|
|
Health Care - 0.1%
|
|||
Health Care Providers & Services - 0.1%
|
|||
dMed Biopharmaceutical Co Ltd Series C (b)(e)(f)
|
238,944
|
1,916,331
|
|
TOTAL CHINA
|
10,142,993
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $7,639,975)
|
10,142,993
|
||
Non-Convertible Preferred Stocks - 1.1%
|
|||
Shares
|
Value ($)
|
||
KOREA (SOUTH) - 1.1%
|
|||
Information Technology - 1.1%
|
|||
Technology Hardware, Storage & Peripherals - 1.1%
|
|||
Samsung Electronics Co Ltd
(Cost $13,639,835)
|
367,990
|
12,122,689
|
|
Money Market Funds - 2.2%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
23,765,741
|
23,770,494
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
589,566
|
589,625
|
|
TOTAL MONEY MARKET FUNDS
(Cost $24,360,119)
|
24,360,119
|
|||
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $723,244,054)
|
1,096,991,004
|
NET OTHER ASSETS (LIABILITIES) - 0.0%
|
(198,677)
|
NET ASSETS - 100.0%
|
1,096,792,327
|
(a)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $39,403,619 or 3.6% of net assets.
|
(b)
|
Non-income producing
|
(c)
|
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 $39,403,619 or 3.6% of net assets.
|
(d)
|
Security or a portion of the security is on loan at period end.
|
(e)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $11,992,993 or 1.1% of net assets.
|
(f)
|
Level 3 security
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ByteDance Ltd Series E1
|
11/18/20
|
4,246,219
|
dMed Biopharmaceutical Co Ltd Series C
|
12/01/20
|
3,393,757
|
Space Exploration Technologies Corp
|
2/16/21
|
419,990
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
35,897,075
|
127,604,189
|
139,730,770
|
163,209
|
-
|
-
|
23,770,494
|
23,765,741
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
750,000
|
10,318,259
|
10,478,634
|
1,794
|
-
|
-
|
589,625
|
589,566
|
0.0%
|
Total
|
36,647,075
|
137,922,448
|
150,209,404
|
165,003
|
-
|
-
|
24,360,119
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
180,380,289
|
26,291,666
|
154,088,623
|
-
|
Consumer Discretionary
|
245,741,563
|
96,531,246
|
149,210,317
|
-
|
Consumer Staples
|
29,642,385
|
-
|
29,642,385
|
-
|
Financials
|
144,508,389
|
85,879,690
|
58,628,699
|
-
|
Health Care
|
46,200,862
|
27,042,198
|
19,158,664
|
-
|
Industrials
|
30,228,299
|
9,197,296
|
19,181,003
|
1,850,000
|
Information Technology
|
326,292,724
|
-
|
326,292,724
|
-
|
Materials
|
34,607,419
|
27,450,518
|
7,156,901
|
-
|
Real Estate
|
12,763,273
|
12,763,273
|
-
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
8,226,662
|
-
|
-
|
8,226,662
|
Health Care
|
1,916,331
|
-
|
-
|
1,916,331
|
Non-Convertible Preferred Stocks
|
||||
Information Technology
|
12,122,689
|
-
|
12,122,689
|
-
|
Money Market Funds
|
24,360,119
|
24,360,119
|
-
|
-
|
Total Investments in Securities:
|
1,096,991,004
|
309,516,006
|
775,482,005
|
11,992,993
|
Beginning Balance ($)
|
Net Realized Gain (Loss) on Investement Securities ($)
|
Net Unrealized Gain (Loss) on Investement Securities ($)
|
Cost of Purchases ($)
|
Proceeds of Sales ($)
|
Amoritization/
Accretion ($)
|
Transfers into Level 3 ($)
|
Transfers out of Level 3 ($)
|
Ending Balance ($)
|
The Change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2025($)
|
|
Common Stocks
|
1,169,200
|
-
|
680,800
|
-
|
-
|
-
|
-
|
-
|
1,850,000
|
680,800
|
Convertible Preferred Stocks
|
11,147,480
|
(85,184)
|
(489,382)
|
-
|
(429,921)
|
-
|
-
|
-
|
10,142,993
|
(489,382)
|
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $569,750) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $698,883,935)
|
$
|
1,072,630,885
|
||
Fidelity Central Funds (cost $24,360,119)
|
24,360,119
|
|||
Total Investment in Securities (cost $723,244,054)
|
$
|
1,096,991,004
|
||
Foreign currency held at value (cost $2)
|
2
|
|||
Receivable for fund shares sold
|
538,677
|
|||
Dividends receivable
|
1,792,306
|
|||
Distributions receivable from Fidelity Central Funds
|
33,779
|
|||
Prepaid expenses
|
321
|
|||
Other receivables
|
22,899
|
|||
Total assets
|
1,099,378,988
|
|||
Liabilities
|
||||
Payable for fund shares redeemed
|
$
|
1,168,779
|
||
Accrued management fee
|
760,902
|
|||
Distribution and service plan fees payable
|
11,436
|
|||
Other payables and accrued expenses
|
55,919
|
|||
Collateral on securities loaned
|
589,625
|
|||
Total liabilities
|
2,586,661
|
|||
Net Assets
|
$
|
1,096,792,327
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
988,834,580
|
||
Total accumulated earnings (loss)
|
107,957,747
|
|||
Net Assets
|
$
|
1,096,792,327
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($23,354,727 ÷ 608,133 shares)(a)
|
$
|
38.40
|
||
Maximum offering price per share (100/94.25 of $38.40)
|
$
|
40.74
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($7,862,185 ÷ 206,554 shares)(a)
|
$
|
38.06
|
||
Maximum offering price per share (100/96.50 of $38.06)
|
$
|
39.44
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($4,225,462 ÷ 115,603 shares)(a)
|
$
|
36.55
|
||
China Region :
|
||||
Net Asset Value, offering price and redemption price per share ($875,285,271 ÷ 22,460,568 shares)
|
$
|
38.97
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($27,690,338 ÷ 716,183 shares)
|
$
|
38.66
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($158,374,344 ÷ 4,098,994 shares)
|
$
|
38.64
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
7,935,407
|
||
Income from Fidelity Central Funds (including $1,794 from security lending)
|
165,003
|
|||
Income before foreign taxes withheld
|
$
|
8,100,410
|
||
Less foreign taxes withheld
|
(870,262)
|
|||
Total income
|
7,230,148
|
|||
Expenses
|
||||
Management fee
|
$
|
4,842,855
|
||
Distribution and service plan fees
|
72,936
|
|||
Custodian fees and expenses
|
103,313
|
|||
Independent trustees' fees and expenses
|
2,507
|
|||
Registration fees
|
84,408
|
|||
Audit fees
|
45,428
|
|||
Legal
|
1,401
|
|||
Interest
|
4,032
|
|||
Miscellaneous
|
1,871
|
|||
Total expenses before reductions
|
5,158,751
|
|||
Expense reductions
|
(1,185)
|
|||
Total expenses after reductions
|
5,157,566
|
|||
Net Investment income (loss)
|
2,072,582
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(13,995,369)
|
|||
Foreign currency transactions
|
159,615
|
|||
Total net realized gain (loss)
|
(13,835,754)
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(25,167,490)
|
|||
Assets and liabilities in foreign currencies
|
9,304
|
|||
Total change in net unrealized appreciation (depreciation)
|
(25,158,186)
|
|||
Net gain (loss)
|
(38,993,940)
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
(36,921,358)
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
2,072,582
|
$
|
14,764,579
|
Net realized gain (loss)
|
(13,835,754)
|
(47,435,398)
|
||
Change in net unrealized appreciation (depreciation)
|
(25,158,186)
|
321,695,727
|
||
Net increase (decrease) in net assets resulting from operations
|
(36,921,358)
|
289,024,908
|
||
Distributions to shareholders
|
(15,536,300)
|
(17,558,581)
|
||
Share transactions - net increase (decrease)
|
(60,420,080)
|
43,245,195
|
||
Total increase (decrease) in net assets
|
(112,877,738)
|
314,711,522
|
||
Net Assets
|
||||
Beginning of period
|
1,209,670,065
|
894,958,543
|
||
End of period
|
$
|
1,096,792,327
|
$
|
1,209,670,065
|
Fidelity Advisor® China Region Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
40.04
|
$
|
30.63
|
$
|
24.85
|
$
|
50.32
|
$
|
50.90
|
$
|
35.86
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.02
|
.41
|
.22
|
.14
|
.06
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
(1.19)
|
9.50
|
5.75 C
|
(20.99)
|
1.95
|
15.11
|
||||||
Total from investment operations
|
(1.17)
|
9.91
|
5.97
|
(20.85)
|
2.01
|
15.19
|
||||||
Distributions from net investment income
|
(.47)
|
(.50)
|
(.19)
|
-
|
(.44)
|
(.15)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.62)
|
(2.16)
|
-
|
||||||
Total distributions
|
(.47)
|
(.50)
|
(.19)
|
(4.62)
|
(2.59) D
|
(.15)
|
||||||
Net asset value, end of period
|
$
|
38.40
|
$
|
40.04
|
$
|
30.63
|
$
|
24.85
|
$
|
50.32
|
$
|
50.90
|
Total Return E,F,G
|
(2.94) % |
32.78%
|
23.98% C
|
(45.20)%
|
3.65%
|
42.52%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.18% J
|
1.19%
|
1.25%
|
1.23%
|
1.21%
|
1.24%
|
||||||
Expenses net of fee waivers, if any
|
1.18 % J |
1.19%
|
1.25%
|
1.22%
|
1.21%
|
1.24%
|
||||||
Expenses net of all reductions, if any
|
1.18% J
|
1.19%
|
1.25%
|
1.22%
|
1.21%
|
1.22%
|
||||||
Net investment income (loss)
|
.09% J
|
1.18%
|
.66%
|
.38%
|
.11%
|
.18%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
23,355
|
$
|
25,856
|
$
|
21,354
|
$
|
19,362
|
$
|
45,301
|
$
|
39,303
|
Portfolio turnover rate K
|
32 % J |
30%
|
24%
|
20%
|
60%
|
60%
|
Fidelity Advisor® China Region Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
39.69
|
$
|
30.34
|
$
|
24.61
|
$
|
50.02
|
$
|
50.64
|
$
|
35.66
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
(.03)
|
.32
|
.13
|
.03
|
(.10)
|
(.05)
|
||||||
Net realized and unrealized gain (loss)
|
(1.18)
|
9.43
|
5.69 C
|
(20.82)
|
1.96
|
15.04
|
||||||
Total from investment operations
|
(1.21)
|
9.75
|
5.82
|
(20.79)
|
1.86
|
14.99
|
||||||
Distributions from net investment income
|
(.42)
|
(.40)
|
(.09)
|
-
|
(.32)
|
(.01)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.62)
|
(2.16)
|
-
|
||||||
Total distributions
|
(.42)
|
(.40)
|
(.09)
|
(4.62)
|
(2.48)
|
(.01)
|
||||||
Net asset value, end of period
|
$
|
38.06
|
$
|
39.69
|
$
|
30.34
|
$
|
24.61
|
$
|
50.02
|
$
|
50.64
|
Total Return D,E,F
|
(3.07) % |
32.49%
|
23.64% C
|
(45.37)%
|
3.36%
|
42.04%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.43% I
|
1.44%
|
1.52%
|
1.53%
|
1.50%
|
1.56%
|
||||||
Expenses net of fee waivers, if any
|
1.43 % I |
1.44%
|
1.52%
|
1.53%
|
1.50%
|
1.56%
|
||||||
Expenses net of all reductions, if any
|
1.43% I
|
1.44%
|
1.51%
|
1.53%
|
1.50%
|
1.53%
|
||||||
Net investment income (loss)
|
(.16)% I
|
.93%
|
.40%
|
.08%
|
(.18)%
|
(.13)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
7,862
|
$
|
9,322
|
$
|
6,610
|
$
|
5,803
|
$
|
12,623
|
$
|
12,028
|
Portfolio turnover rate J
|
32 % I |
30%
|
24%
|
20%
|
60%
|
60%
|
Fidelity Advisor® China Region Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
38.03
|
$
|
29.03
|
$
|
23.59
|
$
|
48.34
|
$
|
49.10
|
$
|
34.71
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
(.12)
|
.14
|
(.02)
|
(.13)
|
(.35)
|
(.22)
|
||||||
Net realized and unrealized gain (loss)
|
(1.13)
|
9.05
|
5.46 C
|
(20.00)
|
1.92
|
14.61
|
||||||
Total from investment operations
|
(1.25)
|
9.19
|
5.44
|
(20.13)
|
1.57
|
14.39
|
||||||
Distributions from net investment income
|
(.23)
|
(.19)
|
-
|
-
|
(.17)
|
-
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.62)
|
(2.16)
|
-
|
||||||
Total distributions
|
(.23)
|
(.19)
|
-
|
(4.62)
|
(2.33)
|
-
|
||||||
Net asset value, end of period
|
$
|
36.55
|
$
|
38.03
|
$
|
29.03
|
$
|
23.59
|
$
|
48.34
|
$
|
49.10
|
Total Return D,E,F
|
(3.30) % |
31.82%
|
23.06% C
|
(45.60)%
|
2.89%
|
41.46%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.93% I
|
1.94%
|
1.97%
|
1.96%
|
1.96%
|
1.98%
|
||||||
Expenses net of fee waivers, if any
|
1.93 % I |
1.94%
|
1.96%
|
1.96%
|
1.96%
|
1.98%
|
||||||
Expenses net of all reductions, if any
|
1.93% I
|
1.94%
|
1.96%
|
1.96%
|
1.96%
|
1.96%
|
||||||
Net investment income (loss)
|
(.66)% I
|
.43%
|
(.05)%
|
(.36)%
|
(.65)%
|
(.55)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,225
|
$
|
4,628
|
$
|
4,834
|
$
|
5,784
|
$
|
13,168
|
$
|
11,308
|
Portfolio turnover rate J
|
32 % I |
30%
|
24%
|
20%
|
60%
|
60%
|
Fidelity® China Region Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
40.64
|
$
|
31.11
|
$
|
25.28
|
$
|
51.03
|
$
|
51.53
|
$
|
36.30
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.07
|
.51
|
.32
|
.25
|
.23
|
.21
|
||||||
Net realized and unrealized gain (loss)
|
(1.20)
|
9.64
|
5.85 C
|
(21.32)
|
1.97
|
15.28
|
||||||
Total from investment operations
|
(1.13)
|
10.15
|
6.17
|
(21.07)
|
2.20
|
15.49
|
||||||
Distributions from net investment income
|
(.54)
|
(.62)
|
(.34)
|
(.06)
|
(.54)
|
(.26)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.62)
|
(2.16)
|
-
|
||||||
Total distributions
|
(.54)
|
(.62)
|
(.34)
|
(4.68)
|
(2.70)
|
(.26)
|
||||||
Net asset value, end of period
|
$
|
38.97
|
$
|
40.64
|
$
|
31.11
|
$
|
25.28
|
$
|
51.03
|
$
|
51.53
|
Total Return D,E
|
(2.80) % |
33.15%
|
24.34% C
|
(45.04)%
|
3.97%
|
42.95%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.91% H
|
.92%
|
.95%
|
.94%
|
.91%
|
.93%
|
||||||
Expenses net of fee waivers, if any
|
.91 % H |
.92%
|
.95%
|
.93%
|
.91%
|
.93%
|
||||||
Expenses net of all reductions, if any
|
.91% H
|
.92%
|
.95%
|
.93%
|
.91%
|
.91%
|
||||||
Net investment income (loss)
|
.36% H
|
1.45%
|
.96%
|
.67%
|
.41%
|
.49%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
875,285
|
$
|
972,318
|
$
|
809,283
|
$
|
736,185
|
$
|
1,609,326
|
$
|
1,518,404
|
Portfolio turnover rate I
|
32 % H |
30%
|
24%
|
20%
|
60%
|
60%
|
Fidelity Advisor® China Region Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
40.34
|
$
|
30.87
|
$
|
25.07
|
$
|
50.63
|
$
|
51.16
|
$
|
36.05
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.07
|
.51
|
.32
|
.25
|
.22
|
.20
|
||||||
Net realized and unrealized gain (loss)
|
(1.19)
|
9.56
|
5.82 C
|
(21.15)
|
1.96
|
15.17
|
||||||
Total from investment operations
|
(1.12)
|
10.07
|
6.14
|
(20.90)
|
2.18
|
15.37
|
||||||
Distributions from net investment income
|
(.56)
|
(.60)
|
(.34)
|
(.04)
|
(.55)
|
(.26)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.62)
|
(2.16)
|
-
|
||||||
Total distributions
|
(.56)
|
(.60)
|
(.34)
|
(4.66)
|
(2.71)
|
(.26)
|
||||||
Net asset value, end of period
|
$
|
38.66
|
$
|
40.34
|
$
|
30.87
|
$
|
25.07
|
$
|
50.63
|
$
|
51.16
|
Total Return D,E
|
(2.81) % |
33.15%
|
24.40% C
|
(45.05)%
|
3.96%
|
42.91%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.90% H
|
.91%
|
.94%
|
.93%
|
.93%
|
.95%
|
||||||
Expenses net of fee waivers, if any
|
.90 % H |
.91%
|
.93%
|
.93%
|
.93%
|
.95%
|
||||||
Expenses net of all reductions, if any
|
.90% H
|
.91%
|
.93%
|
.93%
|
.93%
|
.93%
|
||||||
Net investment income (loss)
|
.37% H
|
1.46%
|
.98%
|
.68%
|
.39%
|
.48%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
27,690
|
$
|
32,635
|
$
|
26,683
|
$
|
20,509
|
$
|
68,464
|
$
|
47,688
|
Portfolio turnover rate I
|
32 % H |
30%
|
24%
|
20%
|
60%
|
60%
|
Fidelity Advisor® China Region Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
40.34
|
$
|
30.90
|
$
|
25.02
|
$
|
50.57
|
$
|
51.07
|
$
|
36.00
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.10
|
.57
|
.36
|
.30
|
.29
|
.26
|
||||||
Net realized and unrealized gain (loss)
|
(1.19)
|
9.55
|
5.80 C
|
(21.10)
|
1.95
|
15.14
|
||||||
Total from investment operations
|
(1.09)
|
10.12
|
6.16
|
(20.80)
|
2.24
|
15.40
|
||||||
Distributions from net investment income
|
(.61)
|
(.68)
|
(.28)
|
(.12)
|
(.59)
|
(.33)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.62)
|
(2.16)
|
-
|
||||||
Total distributions
|
(.61)
|
(.68)
|
(.28)
|
(4.75) D
|
(2.74) D
|
(.33)
|
||||||
Net asset value, end of period
|
$
|
38.64
|
$
|
40.34
|
$
|
30.90
|
$
|
25.02
|
$
|
50.57
|
$
|
51.07
|
Total Return E,F
|
(2.72) % |
33.34%
|
24.55% C
|
(44.97)%
|
4.09%
|
43.13%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.77% I
|
.77%
|
.81%
|
.80%
|
.80%
|
.81%
|
||||||
Expenses net of fee waivers, if any
|
.77 % I |
.77%
|
.80%
|
.80%
|
.80%
|
.81%
|
||||||
Expenses net of all reductions, if any
|
.77% I
|
.77%
|
.80%
|
.80%
|
.80%
|
.79%
|
||||||
Net investment income (loss)
|
.50% I
|
1.60%
|
1.11%
|
.81%
|
.52%
|
.61%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
158,374
|
$
|
164,912
|
$
|
26,195
|
$
|
3,940
|
$
|
71,573
|
$
|
71,121
|
Portfolio turnover rate J
|
32 % I |
30%
|
24%
|
20%
|
60%
|
60%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Asset Type
|
Fair Value
|
Valuation Technique(s)
|
Unobservable Input
|
Amount or Range/Weighted Average
|
Impact to Valuation from an Increase in InputA
|
Common Stock
|
$1,850,000
|
Market comparable
|
Enterprise value/EBITDA multiple (EV/EBITDA)
|
31.5
|
Increase
|
Convertible Preferred Stocks
|
$10,142,993
|
Market comparable
|
Enterprise value/Revenue multiple (EV/R)
|
1.8
|
Increase
|
Market approach
|
Discount rate
|
10.0%
|
Decrease
|
||
Transaction price
|
$15.40
|
Increase
|
|||
Black scholes
|
Discount rate
|
3.9%
|
Increase
|
||
Term
|
3.0
|
Increase
|
|||
Volatility
|
60.0%
|
Increase
|
Gross unrealized appreciation
|
$416,078,247
|
Gross unrealized depreciation
|
(49,295,720)
|
Net unrealized appreciation (depreciation)
|
$366,782,527
|
Tax cost
|
$730,208,477
|
Short-term
|
$(123,365,904)
|
Long-term
|
(111,145,976)
|
Total capital loss carryforward
|
$(234,511,880)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity China Region Fund
|
182,826,908
|
242,943,372
|
Maximum Management Fee Rate %
|
|
Class A
|
.89
|
Class M
|
.89
|
Class C
|
.89
|
China Region
|
.87
|
Class I
|
.86
|
Class Z
|
.73
|
Total Management Fee Rate %
|
|
Class A
|
.89
|
Class M
|
.89
|
Class C
|
.89
|
China Region
|
.87
|
Class I
|
.86
|
Class Z
|
.73
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
-%
|
.25%
|
30,344
|
685
|
Class M
|
.25%
|
.25%
|
20,752
|
255
|
Class C
|
.75%
|
.25%
|
21,840
|
2,788
|
72,936
|
3,728
|
Retained by FDC ($)
|
|
Class A
|
1,121
|
Class M
|
260
|
Class CA
|
39
|
1,420
|
Amount ($)
|
|
Fidelity China Region Fund
|
959
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity China Region Fund
|
Borrower
|
3,939,375
|
4.61%
|
4,032
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity China Region Fund
|
3,088,723
|
72,619
|
(286,537)
|
Amount ($)
|
|
Fidelity China Region Fund
|
905
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity China Region Fund
|
191
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity China Region Fund
|
||
Distributions to shareholders
|
||
Class A
|
$286,694
|
$338,330
|
Class M
|
89,302
|
85,978
|
Class C
|
26,893
|
30,918
|
China Region
|
12,329,201
|
15,840,360
|
Class I
|
331,048
|
463,654
|
Class Z
|
2,473,162
|
799,341
|
Total
|
$15,536,300
|
$17,558,581
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity China Region Fund
|
||||
Class A
|
||||
Shares sold
|
107,786
|
178,844
|
$4,341,371
|
$6,717,569
|
Reinvestment of distributions
|
6,819
|
10,187
|
265,721
|
321,753
|
Shares redeemed
|
(152,190)
|
(240,554)
|
(5,937,037)
|
(8,335,430)
|
Net increase (decrease)
|
(37,585)
|
(51,523)
|
$(1,329,945)
|
$(1,296,108)
|
Class M
|
||||
Shares sold
|
11,963
|
47,502
|
$481,329
|
$1,843,637
|
Reinvestment of distributions
|
2,209
|
2,728
|
85,437
|
85,562
|
Shares redeemed
|
(42,484)
|
(33,205)
|
(1,649,829)
|
(1,091,731)
|
Net increase (decrease)
|
(28,312)
|
17,025
|
$(1,083,063)
|
$837,468
|
Class C
|
||||
Shares sold
|
12,709
|
21,261
|
$491,663
|
$735,512
|
Reinvestment of distributions
|
712
|
934
|
26,488
|
28,179
|
Shares redeemed
|
(19,492)
|
(67,001)
|
(738,380)
|
(2,134,280)
|
Net increase (decrease)
|
(6,071)
|
(44,806)
|
$(220,229)
|
$(1,370,589)
|
China Region
|
||||
Shares sold
|
2,716,147
|
5,146,816
|
$110,880,715
|
$191,640,410
|
Reinvestment of distributions
|
292,451
|
464,822
|
11,554,738
|
14,864,692
|
Shares redeemed
|
(4,470,704)
|
(7,703,610)
|
(177,045,085)
|
(267,249,284)
|
Net increase (decrease)
|
(1,462,106)
|
(2,091,972)
|
$(54,609,632)
|
$(60,744,182)
|
Class I
|
||||
Shares sold
|
328,152
|
577,398
|
$13,291,546
|
$22,269,323
|
Reinvestment of distributions
|
6,972
|
12,678
|
273,284
|
402,398
|
Shares redeemed
|
(427,896)
|
(645,608)
|
(17,321,744)
|
(21,463,489)
|
Net increase (decrease)
|
(92,772)
|
(55,532)
|
$(3,756,914)
|
$1,208,232
|
Class Z
|
||||
Shares sold
|
69,850
|
3,540,230
|
$2,821,061
|
$115,458,729
|
Reinvestment of distributions
|
63,077
|
24,293
|
2,469,454
|
770,360
|
Shares redeemed
|
(121,660)
|
(324,534)
|
(4,710,812)
|
(11,618,715)
|
Net increase (decrease)
|
11,267
|
3,239,989
|
$579,703
|
$104,610,374
|
Strategic Advisers Fidelity Emerging Markets Fund
|
|
Fidelity China Region Fund
|
14%
|
Common Stocks - 98.2%
|
|||
Shares
|
Value ($)
|
||
CHINA - 36.2%
|
|||
Communication Services - 5.8%
|
|||
Interactive Media & Services - 5.8%
|
|||
Tencent Holdings Ltd
|
952,944
|
58,368,730
|
|
Consumer Discretionary - 9.7%
|
|||
Automobile Components - 0.5%
|
|||
Keboda Technology Co Ltd A Shares (China) (a)
|
278,900
|
2,080,272
|
|
Ningbo Tuopu Group Co Ltd A Shares (China)
|
425,600
|
3,073,863
|
|
5,154,135
|
|||
Automobiles - 3.0%
|
|||
BYD Co Ltd A Shares (China)
|
300,700
|
14,617,433
|
|
BYD Co Ltd H Shares
|
122,148
|
5,801,571
|
|
ZEEKR Intelligent Technology Holding Ltd ADR (a)(b)
|
450,707
|
9,690,201
|
|
30,109,205
|
|||
Broadline Retail - 5.4%
|
|||
Alibaba Group Holding Ltd
|
761,168
|
11,364,262
|
|
PDD Holdings Inc Class A ADR (a)
|
389,572
|
41,127,116
|
|
52,491,378
|
|||
Diversified Consumer Services - 0.5%
|
|||
New Oriental Education & Technology Group Inc ADR
|
101,331
|
4,950,019
|
|
Hotels, Restaurants & Leisure - 0.3%
|
|||
Trip.com Group Ltd
|
50,770
|
3,058,426
|
|
TOTAL CONSUMER DISCRETIONARY
|
95,763,163
|
||
Consumer Staples - 0.1%
|
|||
Tobacco - 0.1%
|
|||
Smoore International Holdings Ltd (b)(c)(d)
|
862,208
|
1,496,379
|
|
Financials - 1.5%
|
|||
Consumer Finance - 0.4%
|
|||
LexinFintech Holdings Ltd Class A ADR
|
495,894
|
3,892,768
|
|
Insurance - 1.1%
|
|||
Ping An Insurance Group Co of China Ltd H Shares
|
1,860,959
|
11,137,908
|
|
TOTAL FINANCIALS
|
15,030,676
|
||
Health Care - 7.5%
|
|||
Biotechnology - 0.3%
|
|||
Innovent Biologics Inc (a)(c)(d)
|
417,490
|
2,893,404
|
|
Health Care Equipment & Supplies - 4.5%
|
|||
AK Medical Holdings Ltd (c)(d)
|
8,070,989
|
5,890,169
|
|
Beijing Chunlizhengda Medical Instruments Co Ltd A Shares (China)
|
506,400
|
1,056,908
|
|
Kangji Medical Holdings Ltd (b)
|
1,207,166
|
1,167,382
|
|
Microport Cardioflow Medtech Corp (a)(b)(c)(d)
|
8,257,957
|
958,296
|
|
MicroPort NeuroScientific Corp (b)
|
518,268
|
704,336
|
|
MicroTech Medical Hangzhou Co Ltd H Shares (a)(c)(d)
|
1,114,877
|
895,570
|
|
Peijia Medical Ltd (a)(c)(d)
|
4,439,000
|
3,039,235
|
|
Shandong Weigao Orthopaedic Device Co Ltd A Shares (China)
|
1,670,400
|
6,266,453
|
|
Shanghai Aohua Photoelectricity Endoscope Co Ltd A Shares (China)
|
201,400
|
1,231,596
|
|
Shanghai MicroPort Endovascular MedTech Group Co Ltd A Shares (China)
|
79,396
|
923,373
|
|
Shenzhen Mindray Bio-Medical Electronics Co Ltd A Shares (China)
|
332,189
|
10,034,879
|
|
Sonoscape Medical Corp A Shares (China)
|
305,860
|
1,305,288
|
|
Tofflon Science & Technology Group Co Ltd A Shares (China)
|
1,626,700
|
2,631,621
|
|
Zylox-Tonbridge Medical Technology Co Ltd H Shares (a)(c)(d)
|
3,544,229
|
8,289,792
|
|
44,394,898
|
|||
Health Care Providers & Services - 0.2%
|
|||
Guangzhou Kingmed Diagnostics Group Co Ltd A Shares (China)
|
251,632
|
1,005,591
|
|
Kindstar Globalgene Technology Inc (c)(d)
|
5,990,217
|
1,042,704
|
|
2,048,295
|
|||
Life Sciences Tools & Services - 2.4%
|
|||
Hangzhou Tigermed Consulting Co Ltd A Shares (China)
|
162,497
|
998,833
|
|
Joinn Laboratories China Co Ltd A Shares (China)
|
469,960
|
1,008,791
|
|
Wuxi Apptec Co Ltd H Shares (b)(c)(d)
|
584,742
|
4,535,076
|
|
WuXi XDC Cayman Inc (a)
|
3,772,141
|
17,777,059
|
|
24,319,759
|
|||
Pharmaceuticals - 0.1%
|
|||
Asymchem Laboratories Tianjin Co Ltd H Shares (b)(c)(d)
|
163,974
|
1,164,960
|
|
TOTAL HEALTH CARE
|
74,821,316
|
||
Industrials - 4.5%
|
|||
Electrical Equipment - 1.8%
|
|||
Contemporary Amperex Technology Co Ltd A Shares (China)
|
198,400
|
6,336,106
|
|
Sieyuan Electric Co Ltd A Shares (China)
|
516,500
|
5,117,384
|
|
Sungrow Power Supply Co Ltd A Shares (China)
|
611,160
|
5,096,533
|
|
Warom Technology Inc Co A Shares (China)
|
473,400
|
1,337,969
|
|
17,887,992
|
|||
Machinery - 2.4%
|
|||
Beijing Sinohytec Co Ltd A Shares
|
381,045
|
1,065,095
|
|
Estun Automation Co Ltd A Shares
|
869,200
|
2,389,333
|
|
Estun Automation Co Ltd A Shares (China)
|
972,100
|
2,672,194
|
|
Leader Harmonious Drive Systems Co Ltd A Shares (China)
|
247,600
|
5,032,258
|
|
Shenzhen Inovance Technology Co Ltd A Shares (China)
|
706,800
|
6,949,049
|
|
Zhejiang Sanhua Intelligent Controls Co Ltd A Shares (China)
|
1,500,500
|
5,539,827
|
|
23,647,756
|
|||
Marine Transportation - 0.3%
|
|||
SITC International Holdings Co Ltd
|
1,381,009
|
3,819,517
|
|
Trading Companies & Distributors - 0.0%
|
|||
Zkh Group Limited Class A (a)
|
18
|
1
|
|
TOTAL INDUSTRIALS
|
45,355,266
|
||
Information Technology - 7.0%
|
|||
IT Services - 1.1%
|
|||
GDS Holdings Ltd Class A ADR (a)(b)
|
187,900
|
4,736,959
|
|
Vnet Group Inc Class A ADR (a)
|
981,500
|
6,173,635
|
|
10,910,594
|
|||
Semiconductors & Semiconductor Equipment - 4.7%
|
|||
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
|
1,034,900
|
26,831,677
|
|
Flat Glass Group Co Ltd A Shares (China)
|
1,656,600
|
3,424,513
|
|
Kingsemi Co Ltd A Shares (China)
|
375,105
|
4,915,800
|
|
NAURA Technology Group Co Ltd A Shares (China)
|
111,197
|
6,906,865
|
|
SG Micro Corp A Shares (China)
|
76,440
|
1,065,055
|
|
Silergy Corp
|
94,000
|
1,182,625
|
|
Skyverse Technology Co Ltd A Shares
|
242,400
|
2,614,303
|
|
46,940,838
|
|||
Software - 1.2%
|
|||
Beijing Kingsoft Office Software Inc A Shares (China)
|
86,800
|
3,521,907
|
|
Empyrean Technology Co Ltd A Shares
|
82,800
|
1,357,277
|
|
Glodon Co Ltd A Shares (China)
|
3,300,160
|
6,724,679
|
|
11,603,863
|
|||
TOTAL INFORMATION TECHNOLOGY
|
69,455,295
|
||
Materials - 0.1%
|
|||
Chemicals - 0.1%
|
|||
Weihai Guangwei Composites Co Ltd A Shares (China)
|
332,636
|
1,329,637
|
|
TOTAL CHINA
|
361,620,462
|
||
HONG KONG - 2.4%
|
|||
Communication Services - 0.1%
|
|||
Entertainment - 0.1%
|
|||
Huanxi Media Group Ltd (a)
|
19,829,015
|
945,992
|
|
Financials - 1.9%
|
|||
Capital Markets - 0.8%
|
|||
Hong Kong Exchanges & Clearing Ltd
|
184,487
|
8,060,181
|
|
Insurance - 1.1%
|
|||
AIA Group Ltd
|
1,422,471
|
10,658,457
|
|
TOTAL FINANCIALS
|
18,718,638
|
||
Industrials - 0.4%
|
|||
Air Freight & Logistics - 0.4%
|
|||
J&T Global Express Ltd B Shares (a)
|
5,431,594
|
4,230,082
|
|
TOTAL HONG KONG
|
23,894,712
|
||
INDIA - 28.2%
|
|||
Consumer Discretionary - 11.4%
|
|||
Automobiles - 0.5%
|
|||
Hyundai Motor India Ltd
|
232,026
|
4,676,598
|
|
Broadline Retail - 0.4%
|
|||
Vishal Mega Mart Ltd
|
2,490,112
|
3,503,127
|
|
Hotels, Restaurants & Leisure - 10.3%
|
|||
Devyani International Ltd (a)
|
566,562
|
1,202,310
|
|
Eternal Ltd (a)
|
18,878,561
|
51,600,281
|
|
ITC Hotels Ltd
|
2,992,648
|
6,905,418
|
|
Juniper Hotels Ltd (a)
|
503,346
|
1,705,582
|
|
MakeMyTrip Ltd (a)(b)
|
385,960
|
40,456,327
|
|
Sapphire Foods India Ltd (a)
|
341,302
|
1,277,015
|
|
103,146,933
|
|||
Household Durables - 0.1%
|
|||
Amber Enterprises India Ltd (a)
|
17,362
|
1,265,539
|
|
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Page Industries Ltd
|
2,116
|
1,139,253
|
|
TOTAL CONSUMER DISCRETIONARY
|
113,731,450
|
||
Energy - 0.9%
|
|||
Oil, Gas & Consumable Fuels - 0.9%
|
|||
Reliance Industries Ltd
|
549,988
|
9,119,792
|
|
Financials - 7.0%
|
|||
Banks - 3.2%
|
|||
HDFC Bank Ltd
|
975,225
|
22,121,171
|
|
Kotak Mahindra Bank Ltd
|
337,247
|
8,802,274
|
|
30,923,445
|
|||
Capital Markets - 1.5%
|
|||
360 ONE WAM Ltd
|
481,096
|
5,596,243
|
|
HDFC Asset Management Co Ltd (c)(d)
|
106,709
|
5,522,450
|
|
Nuvama Wealth Management Ltd
|
53,606
|
3,880,159
|
|
14,998,852
|
|||
Consumer Finance - 1.4%
|
|||
Bajaj Finance Ltd
|
95,151
|
9,695,713
|
|
Shriram Finance Ltd
|
643,995
|
4,660,514
|
|
14,356,227
|
|||
Financial Services - 0.5%
|
|||
Bajaj Housing Finance Ltd
|
3,455,580
|
4,980,940
|
|
Insurance - 0.4%
|
|||
HDFC Life Insurance Co Ltd (c)(d)
|
363,525
|
3,191,735
|
|
Niva Bupa Health Insurance Co Ltd
|
1,069,600
|
1,032,096
|
|
4,223,831
|
|||
TOTAL FINANCIALS
|
69,483,295
|
||
Health Care - 2.7%
|
|||
Health Care Providers & Services - 0.9%
|
|||
Aster DM Healthcare Ltd (c)(d)
|
202,889
|
1,210,387
|
|
Dr Agarwal's Health Care Ltd
|
1,257,511
|
5,445,738
|
|
Dr Agarwal's Health Care Ltd (e)
|
319,008
|
1,381,486
|
|
Vijaya Diagnostic Centre Ltd
|
95,119
|
1,126,874
|
|
9,164,485
|
|||
Life Sciences Tools & Services - 1.8%
|
|||
Divi's Laboratories Ltd
|
30,606
|
2,206,259
|
|
SAI Life Sciences Ltd (c)(d)
|
1,011,100
|
8,317,198
|
|
Syngene International Ltd (c)(d)
|
985,560
|
7,386,091
|
|
17,909,548
|
|||
TOTAL HEALTH CARE
|
27,074,033
|
||
Industrials - 6.2%
|
|||
Aerospace & Defense - 1.5%
|
|||
Bharat Electronics Ltd
|
500,896
|
1,860,568
|
|
Hindustan Aeronautics Ltd (d)
|
244,066
|
12,924,908
|
|
14,785,476
|
|||
Air Freight & Logistics - 1.7%
|
|||
Delhivery Ltd (a)
|
4,626,203
|
16,696,305
|
|
Commercial Services & Supplies - 0.0%
|
|||
SIS Ltd (a)
|
243,514
|
972,191
|
|
Construction & Engineering - 0.1%
|
|||
Afcons Infrastructure Ltd
|
245,576
|
1,213,666
|
|
Passenger Airlines - 0.7%
|
|||
InterGlobe Aviation Ltd (a)(c)(d)
|
109,239
|
6,797,598
|
|
Professional Services - 1.6%
|
|||
Computer Age Management Services Ltd
|
299,371
|
13,785,824
|
|
International Gemmological Institute India Ltd
|
537,023
|
2,194,085
|
|
15,979,909
|
|||
Transportation Infrastructure - 0.6%
|
|||
GMR Airports Ltd (a)
|
5,500,143
|
5,662,394
|
|
TOTAL INDUSTRIALS
|
62,107,539
|
||
TOTAL INDIA
|
281,516,109
|
||
INDONESIA - 0.9%
|
|||
Financials - 0.9%
|
|||
Banks - 0.9%
|
|||
Bank Central Asia Tbk PT
|
11,253,098
|
5,983,167
|
|
Bank Rakyat Indonesia Persero Tbk PT
|
7,596,242
|
1,759,364
|
|
Bank Syariah Indonesia Tbk PT
|
8,643,641
|
1,486,639
|
|
TOTAL INDONESIA
|
9,229,170
|
||
JAPAN - 0.6%
|
|||
Information Technology - 0.6%
|
|||
Software - 0.6%
|
|||
Freee KK (a)
|
108,971
|
3,075,241
|
|
Money Forward Inc (a)
|
110,451
|
3,297,771
|
|
TOTAL JAPAN
|
6,373,012
|
||
KOREA (SOUTH) - 5.9%
|
|||
Communication Services - 2.0%
|
|||
Interactive Media & Services - 2.0%
|
|||
Kakao Corp
|
582,657
|
15,620,848
|
|
NAVER Corp
|
27,065
|
3,800,391
|
|
19,421,239
|
|||
Consumer Discretionary - 0.7%
|
|||
Hotels, Restaurants & Leisure - 0.7%
|
|||
Delivery Hero SE (a)(c)(d)
|
255,251
|
7,214,042
|
|
Financials - 0.4%
|
|||
Financial Services - 0.4%
|
|||
Kakao Pay Corp (a)
|
201,401
|
4,475,186
|
|
Industrials - 1.7%
|
|||
Aerospace & Defense - 1.2%
|
|||
Hanwha Aerospace Co Ltd
|
9,248
|
5,186,759
|
|
Korea Aerospace Industries Ltd
|
107,618
|
6,286,039
|
|
11,472,798
|
|||
Machinery - 0.5%
|
|||
Samsung Heavy Industries Co Ltd (a)
|
520,646
|
5,323,401
|
|
TOTAL INDUSTRIALS
|
16,796,199
|
||
Information Technology - 1.1%
|
|||
IT Services - 0.2%
|
|||
Gabia Inc
|
128,155
|
1,983,065
|
|
Technology Hardware, Storage & Peripherals - 0.9%
|
|||
Samsung Electronics Co Ltd
|
228,673
|
8,903,968
|
|
TOTAL INFORMATION TECHNOLOGY
|
10,887,033
|
||
TOTAL KOREA (SOUTH)
|
58,793,699
|
||
NETHERLANDS - 0.5%
|
|||
Information Technology - 0.5%
|
|||
Semiconductors & Semiconductor Equipment - 0.5%
|
|||
NXP Semiconductors NV
|
25,807
|
4,756,488
|
|
SINGAPORE - 6.7%
|
|||
Communication Services - 6.3%
|
|||
Entertainment - 6.3%
|
|||
Sea Ltd Class A ADR (a)
|
465,034
|
62,337,808
|
|
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
Oversea-Chinese Banking Corp Ltd
|
203,058
|
2,512,998
|
|
United Overseas Bank Ltd
|
65,548
|
1,740,879
|
|
4,253,877
|
|||
TOTAL SINGAPORE
|
66,591,685
|
||
SOUTH AFRICA - 0.6%
|
|||
Consumer Discretionary - 0.6%
|
|||
Broadline Retail - 0.6%
|
|||
Naspers Ltd Class N
|
24,300
|
6,391,111
|
|
SWITZERLAND - 0.3%
|
|||
Consumer Staples - 0.1%
|
|||
Personal Care Products - 0.1%
|
|||
Yunnan Botanee Bio-Technology Group Co Ltd A ELS (Ubs Ag Londn Branch Warrant Program) warrants 2/24/2027 (a)(c)
|
162,489
|
929,068
|
|
Information Technology - 0.2%
|
|||
Software - 0.2%
|
|||
Zwsoft Co Ltd Guangzhou Class A ELS (UBS AG London Branch Warrant Program) warrants 9/25/2025 (a)(c)
|
130,195
|
1,696,653
|
|
TOTAL SWITZERLAND
|
2,625,721
|
||
TAIWAN - 15.3%
|
|||
Information Technology - 15.3%
|
|||
Electronic Equipment, Instruments & Components - 0.8%
|
|||
Chroma ATE Inc
|
336,000
|
3,065,323
|
|
E Ink Holdings Inc
|
519,000
|
3,618,280
|
|
Unimicron Technology Corp
|
519,000
|
1,528,026
|
|
8,211,629
|
|||
Semiconductors & Semiconductor Equipment - 14.5%
|
|||
Global Unichip Corp
|
67,000
|
2,148,090
|
|
MediaTek Inc
|
271,000
|
11,492,633
|
|
Taiwan Semiconductor Manufacturing Co Ltd
|
3,458,892
|
97,810,438
|
|
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
199,053
|
33,180,145
|
|
144,631,306
|
|||
TOTAL TAIWAN
|
152,842,935
|
||
UNITED STATES - 0.4%
|
|||
Industrials - 0.2%
|
|||
Aerospace & Defense - 0.2%
|
|||
Space Exploration Technologies Corp (a)(f)(g)
|
11,000
|
2,035,000
|
|
Information Technology - 0.2%
|
|||
Semiconductors & Semiconductor Equipment - 0.2%
|
|||
ON Semiconductor Corp (a)
|
41,190
|
1,635,243
|
|
TOTAL UNITED STATES
|
3,670,243
|
||
VIETNAM - 0.2%
|
|||
Consumer Staples - 0.2%
|
|||
Food Products - 0.2%
|
|||
Vietnam Dairy Products JSC
|
1,043,400
|
2,314,589
|
|
TOTAL COMMON STOCKS
(Cost $718,523,661)
|
980,619,936
|
||
Convertible Preferred Stocks - 0.6%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.6%
|
|||
Communication Services - 0.5%
|
|||
Interactive Media & Services - 0.5%
|
|||
ByteDance Ltd Series E1 (a)(f)(g)
|
23,366
|
4,960,369
|
|
Health Care - 0.1%
|
|||
Health Care Providers & Services - 0.1%
|
|||
dMed Biopharmaceutical Co Ltd Series C (a)(f)(g)
|
111,500
|
894,230
|
|
TOTAL CHINA
|
5,854,599
|
||
INDIA - 0.0%
|
|||
Consumer Discretionary - 0.0%
|
|||
Broadline Retail - 0.0%
|
|||
Meesho Series D2 (f)(g)
|
5,677
|
430,657
|
|
Meesho Series E (f)(g)
|
946
|
71,764
|
|
Meesho Series F (a)(f)(g)
|
878
|
67,939
|
|
TOTAL INDIA
|
570,360
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $4,564,017)
|
6,424,959
|
||
Non-Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
KOREA (SOUTH) - 0.2%
|
|||
Information Technology - 0.2%
|
|||
Technology Hardware, Storage & Peripherals - 0.2%
|
|||
Samsung Electronics Co Ltd
(Cost $2,440,699)
|
75,872
|
2,499,450
|
|
Money Market Funds - 7.7%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (h)
|
4.33
|
19,205,727
|
19,209,569
|
|
Fidelity Securities Lending Cash Central Fund (h)(i)
|
4.33
|
57,217,115
|
57,222,836
|
|
TOTAL MONEY MARKET FUNDS
(Cost $76,432,405)
|
76,432,405
|
|||
TOTAL INVESTMENT IN SECURITIES - 106.7%
(Cost $801,960,782)
|
1,065,976,750
|
NET OTHER ASSETS (LIABILITIES) - (6.7)%
|
(67,233,796)
|
NET ASSETS - 100.0%
|
998,742,954
|
ELS
|
-
|
EQUITY-LINKED SECURITY
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
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 $72,470,807 or 7.3% of net assets.
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $82,769,994 or 8.3% of net assets.
|
(e)
|
Security is subject to lock-up or market standoff agreement. Fair value is based on the unadjusted market price of the equivalent equity security. At the end of the period, the total value of unadjusted equity securities subject to contractual sale restrictions is $1,381,486 with varying restriction expiration dates. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $8,459,959 or 0.8% of net assets.
|
(g)
|
Level 3 security
|
(h)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(i)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ByteDance Ltd Series E1
|
11/18/20
|
2,560,310
|
dMed Biopharmaceutical Co Ltd Series C
|
12/01/20
|
1,583,651
|
Meesho Series D2
|
7/15/24
|
317,912
|
Meesho Series E
|
7/15/24
|
52,976
|
Meesho Series F
|
7/15/24
|
49,168
|
Space Exploration Technologies Corp
|
2/16/21
|
461,989
|
Additional information on each lock-up restriction is as follows:
|
|
Security
|
Restriction Expiration Date
|
Dr Agarwal's Health Care Ltd
|
4/28/2025
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
16,203,038
|
212,100,749
|
209,094,218
|
307,232
|
-
|
-
|
19,209,569
|
19,205,727
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
60,896,782
|
150,515,231
|
154,189,177
|
608,524
|
-
|
-
|
57,222,836
|
57,217,115
|
0.2%
|
Total
|
77,099,820
|
362,615,980
|
363,283,395
|
915,756
|
-
|
-
|
76,432,405
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
141,073,769
|
63,283,800
|
77,789,969
|
-
|
Consumer Discretionary
|
223,099,766
|
102,614,774
|
120,484,992
|
-
|
Consumer Staples
|
4,740,036
|
1,496,379
|
3,243,657
|
-
|
Energy
|
9,119,792
|
-
|
9,119,792
|
-
|
Financials
|
121,190,842
|
3,892,768
|
117,298,074
|
-
|
Health Care
|
101,895,349
|
48,357,983
|
53,537,366
|
-
|
Industrials
|
130,524,086
|
8,049,600
|
120,439,486
|
2,035,000
|
Information Technology
|
247,646,659
|
56,855,482
|
190,791,177
|
-
|
Materials
|
1,329,637
|
-
|
1,329,637
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
4,960,369
|
-
|
-
|
4,960,369
|
Consumer Discretionary
|
570,360
|
-
|
-
|
570,360
|
Health Care
|
894,230
|
-
|
-
|
894,230
|
Non-Convertible Preferred Stocks
|
||||
Information Technology
|
2,499,450
|
-
|
2,499,450
|
-
|
Money Market Funds
|
76,432,405
|
76,432,405
|
-
|
-
|
Total Investments in Securities:
|
1,065,976,750
|
360,983,191
|
696,533,600
|
8,459,959
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $55,633,483) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $725,528,377)
|
$
|
989,544,345
|
||
Fidelity Central Funds (cost $76,432,405)
|
76,432,405
|
|||
Total Investment in Securities (cost $801,960,782)
|
$
|
1,065,976,750
|
||
Foreign currency held at value (cost $684)
|
688
|
|||
Receivable for fund shares sold
|
436,372
|
|||
Dividends receivable
|
300,524
|
|||
Distributions receivable from Fidelity Central Funds
|
120,897
|
|||
Prepaid expenses
|
283
|
|||
Other receivables
|
493,890
|
|||
Total assets
|
1,067,329,404
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
97,210
|
||
Payable for fund shares redeemed
|
1,057,186
|
|||
Accrued management fee
|
856,924
|
|||
Deferred taxes
|
9,272,944
|
|||
Other payables and accrued expenses
|
78,120
|
|||
Collateral on securities loaned
|
57,224,066
|
|||
Total liabilities
|
68,586,450
|
|||
Net Assets
|
$
|
998,742,954
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
986,775,981
|
||
Total accumulated earnings (loss)
|
11,966,973
|
|||
Net Assets
|
$
|
998,742,954
|
||
Net Asset Value, offering price and redemption price per share ($998,742,954 ÷ 19,954,949 shares)
|
$
|
50.05
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
3,323,320
|
||
Income from Fidelity Central Funds (including $608,524 from security lending)
|
915,756
|
|||
Income before foreign taxes withheld
|
$
|
4,239,076
|
||
Less foreign taxes withheld
|
(497,904)
|
|||
Total income
|
3,741,172
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
4,324,815
|
||
Performance adjustment
|
460,545
|
|||
Custodian fees and expenses
|
107,968
|
|||
Independent trustees' fees and expenses
|
2,175
|
|||
Registration fees
|
25,166
|
|||
Audit fees
|
64,179
|
|||
Legal
|
1,547
|
|||
Interest
|
25,924
|
|||
Miscellaneous
|
1,684
|
|||
Total expenses
|
5,014,003
|
|||
Net Investment income (loss)
|
(1,272,831)
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $664,089)
|
34,253,949
|
|||
Foreign currency transactions
|
(208,943)
|
|||
Total net realized gain (loss)
|
34,045,006
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $212,873)
|
(26,351,110)
|
|||
Assets and liabilities in foreign currencies
|
9,769
|
|||
Total change in net unrealized appreciation (depreciation)
|
(26,341,341)
|
|||
Net gain (loss)
|
7,703,665
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
6,430,834
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
(1,272,831)
|
$
|
5,277,885
|
Net realized gain (loss)
|
34,045,006
|
28,608,974
|
||
Change in net unrealized appreciation (depreciation)
|
(26,341,341)
|
266,901,387
|
||
Net increase (decrease) in net assets resulting from operations
|
6,430,834
|
300,788,246
|
||
Distributions to shareholders
|
-
|
(375,705)
|
||
Distributions to shareholders from tax return of capital
|
-
|
(336,817)
|
||
Total Distributions
|
-
|
(712,522)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
72,778,335
|
61,473,832
|
||
Reinvestment of distributions
|
-
|
649,603
|
||
Cost of shares redeemed
|
(106,017,864)
|
(204,300,986)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
(33,239,529)
|
(142,177,551)
|
||
Total increase (decrease) in net assets
|
(26,808,695)
|
157,898,173
|
||
Net Assets
|
||||
Beginning of period
|
1,025,551,649
|
867,653,476
|
||
End of period
|
$
|
998,742,954
|
$
|
1,025,551,649
|
Other Information
|
||||
Shares
|
||||
Sold
|
1,453,546
|
1,380,129
|
||
Issued in reinvestment of distributions
|
-
|
16,661
|
||
Redeemed
|
(2,141,456)
|
(4,876,776)
|
||
Net increase (decrease)
|
(687,910)
|
(3,479,986)
|
||
Fidelity® Emerging Asia Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
49.68
|
$
|
35.97
|
$
|
30.23
|
$
|
64.66
|
$
|
63.60
|
$
|
45.03
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
(.06)
|
.24
|
.05
|
(.22)
|
(.31) C
|
(.12)
|
||||||
Net realized and unrealized gain (loss)
|
.43
|
13.50
|
5.69
|
(26.97)
|
11.00
|
21.49
|
||||||
Total from investment operations
|
.37
|
13.74
|
5.74
|
(27.19)
|
10.69
|
21.37
|
||||||
Distributions from net investment income
|
-
|
(.02)
|
-
|
(.09)
|
-
|
(.29) D
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(7.15)
|
(9.63)
|
(2.51) D
|
||||||
Distributions from tax return of capital
|
-
|
(.01)
|
-
|
-
|
-
|
-
|
||||||
Total distributions
|
-
|
(.03)
|
-
|
(7.24)
|
(9.63)
|
(2.80)
|
||||||
Net asset value, end of period
|
$
|
50.05
|
$
|
49.68
|
$
|
35.97
|
$
|
30.23
|
$
|
64.66
|
$
|
63.60
|
Total Return E,F
|
.74 % |
38.22%
|
18.99%
|
(46.77)%
|
17.02%
|
50.46%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.01% I
|
.66%
|
.87%
|
1.18%
|
1.02%
|
1.13%
|
||||||
Expenses net of fee waivers, if any
|
1.01 % I |
.65%
|
.87%
|
1.17%
|
1.02%
|
1.13%
|
||||||
Expenses net of all reductions, if any
|
1.01% I
|
.65%
|
.87%
|
1.17%
|
1.02%
|
1.10%
|
||||||
Net investment income (loss)
|
(.26)% I
|
.56%
|
.13%
|
(.51)%
|
(.45)% C
|
(.24)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
998,743
|
$
|
1,025,552
|
$
|
867,653
|
$
|
823,527
|
$
|
2,000,120
|
$
|
1,578,782
|
Portfolio turnover rate J
|
77 % I |
57%
|
50%
|
44%
|
85%
|
114%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$341,377,528
|
Gross unrealized depreciation
|
(79,247,747)
|
Net unrealized appreciation (depreciation)
|
$262,129,781
|
Tax cost
|
$803,846,969
|
Short-term
|
$(112,425,090)
|
Long-term
|
(159,749,429)
|
Total capital loss carryforward
|
$(272,174,519)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Emerging Asia Fund
|
380,771,311
|
416,570,131
|
Maximum Management Fee Rate %
|
|
Fidelity Emerging Asia Fund
|
.87
|
Total Management Fee Rate %
|
|
Fidelity Emerging Asia Fund
|
.87
|
Performance Adjustment Index
|
|
Fidelity Emerging Asia Fund
|
MSCI All Country Asia ex Japan Index
|
Amount ($)
|
|
Fidelity Emerging Asia Fund
|
3,398
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Emerging Asia Fund
|
Borrower
|
7,697,654
|
4.66%
|
25,924
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Emerging Asia Fund
|
35,937,762
|
48,274,189
|
22,240,619
|
Amount ($)
|
|
Fidelity Emerging Asia Fund
|
779
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Emerging Asia Fund
|
65,929
|
-
|
-
|
Common Stocks - 98.8%
|
|||
Shares
|
Value ($)
|
||
BRAZIL - 5.5%
|
|||
Consumer Discretionary - 0.8%
|
|||
Broadline Retail - 0.8%
|
|||
MercadoLibre Inc (b)
|
23,900
|
55,707,315
|
|
Financials - 2.2%
|
|||
Banks - 1.5%
|
|||
NU Holdings Ltd/Cayman Islands Class A (b)
|
7,815,270
|
97,143,807
|
|
Capital Markets - 0.7%
|
|||
Banco BTG Pactual SA unit
|
7,372,900
|
49,510,800
|
|
TOTAL FINANCIALS
|
146,654,607
|
||
Industrials - 0.9%
|
|||
Electrical Equipment - 0.8%
|
|||
WEG SA
|
6,744,200
|
53,049,010
|
|
Ground Transportation - 0.1%
|
|||
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA
|
12,927,984
|
11,207,753
|
|
TOTAL INDUSTRIALS
|
64,256,763
|
||
Information Technology - 0.8%
|
|||
Software - 0.8%
|
|||
TOTVS SA
|
8,585,700
|
56,913,744
|
|
Utilities - 0.8%
|
|||
Electric Utilities - 0.8%
|
|||
Equatorial Energia SA
|
8,392,500
|
54,435,200
|
|
TOTAL BRAZIL
|
377,967,629
|
||
CANADA - 0.7%
|
|||
Energy - 0.7%
|
|||
Oil, Gas & Consumable Fuels - 0.7%
|
|||
Cameco Corp
|
1,110,700
|
50,136,995
|
|
CHILE - 0.5%
|
|||
Materials - 0.5%
|
|||
Metals & Mining - 0.5%
|
|||
Antofagasta PLC
|
1,708,500
|
37,182,070
|
|
CHINA - 25.2%
|
|||
Communication Services - 10.0%
|
|||
Entertainment - 1.3%
|
|||
Tencent Music Entertainment Group Class A ADR
|
6,699,925
|
89,912,994
|
|
Interactive Media & Services - 8.7%
|
|||
Tencent Holdings Ltd
|
9,782,200
|
599,169,087
|
|
TOTAL COMMUNICATION SERVICES
|
689,082,081
|
||
Consumer Discretionary - 8.1%
|
|||
Broadline Retail - 7.1%
|
|||
Alibaba Group Holding Ltd ADR
|
1,805,500
|
215,630,865
|
|
JD.com Inc ADR
|
2,801,200
|
91,375,144
|
|
PDD Holdings Inc Class A ADR (b)
|
1,718,400
|
181,411,488
|
|
488,417,497
|
|||
Hotels, Restaurants & Leisure - 1.0%
|
|||
Trip.com Group Ltd ADR
|
131,540
|
7,759,545
|
|
Yum China Holdings Inc
|
1,457,900
|
63,141,649
|
|
70,901,194
|
|||
TOTAL CONSUMER DISCRETIONARY
|
559,318,691
|
||
Consumer Staples - 1.4%
|
|||
Beverages - 1.4%
|
|||
Kweichow Moutai Co Ltd A Shares (China)
|
458,318
|
97,530,061
|
|
Financials - 0.7%
|
|||
Banks - 0.7%
|
|||
Bank of Chengdu Co Ltd A Shares (China)
|
19,848,244
|
46,375,856
|
|
Health Care - 0.8%
|
|||
Health Care Equipment & Supplies - 0.8%
|
|||
Shenzhen Mindray Bio-Medical Electronics Co Ltd A Shares (China)
|
1,842,325
|
55,653,585
|
|
Industrials - 3.9%
|
|||
Electrical Equipment - 2.7%
|
|||
Contemporary Amperex Technology Co Ltd A Shares (China)
|
1,938,757
|
61,916,181
|
|
Sieyuan Electric Co Ltd A Shares (China)
|
12,570,216
|
124,543,317
|
|
186,459,498
|
|||
Machinery - 1.2%
|
|||
Airtac International Group
|
2,083,000
|
57,097,906
|
|
Neway Valve Suzhou Co Ltd A Shares (China) (b)
|
6,961,050
|
25,677,873
|
|
82,775,779
|
|||
Trading Companies & Distributors - 0.0%
|
|||
Zkh Group Limited Class A (b)
|
1
|
0
|
|
TOTAL INDUSTRIALS
|
269,235,277
|
||
Information Technology - 0.3%
|
|||
Electronic Equipment, Instruments & Components - 0.3%
|
|||
Luxshare Precision Industry Co Ltd A Shares (China)
|
4,695,308
|
19,962,364
|
|
TOTAL CHINA
|
1,737,157,915
|
||
FRANCE - 2.9%
|
|||
Consumer Discretionary - 1.4%
|
|||
Textiles, Apparel & Luxury Goods - 1.4%
|
|||
Hermes International SCA
|
37,019
|
100,271,305
|
|
Energy - 1.5%
|
|||
Oil, Gas & Consumable Fuels - 1.5%
|
|||
Gaztransport Et Technigaz SA
|
632,241
|
102,994,480
|
|
TOTAL FRANCE
|
203,265,785
|
||
GERMANY - 0.6%
|
|||
Health Care - 0.6%
|
|||
Biotechnology - 0.6%
|
|||
BioNTech SE ADR (b)
|
394,300
|
41,066,345
|
|
GREECE - 1.0%
|
|||
Consumer Discretionary - 1.0%
|
|||
Hotels, Restaurants & Leisure - 1.0%
|
|||
OPAP SA
|
3,101,844
|
68,767,492
|
|
HUNGARY - 0.8%
|
|||
Health Care - 0.8%
|
|||
Pharmaceuticals - 0.8%
|
|||
Richter Gedeon Nyrt
|
1,900,755
|
57,502,178
|
|
INDIA - 19.5%
|
|||
Communication Services - 1.1%
|
|||
Wireless Telecommunication Services - 1.1%
|
|||
Bharti Airtel Ltd
|
3,579,631
|
78,853,300
|
|
Consumer Discretionary - 1.4%
|
|||
Broadline Retail - 0.2%
|
|||
Lenskart Solutions Pvt Ltd (c)(d)
|
3,233,000
|
10,778,768
|
|
Hotels, Restaurants & Leisure - 1.2%
|
|||
Eternal Ltd (b)
|
31,200,000
|
85,278,151
|
|
TOTAL CONSUMER DISCRETIONARY
|
96,056,919
|
||
Energy - 2.1%
|
|||
Oil, Gas & Consumable Fuels - 2.1%
|
|||
Reliance Industries Ltd
|
8,974,236
|
148,809,002
|
|
Financials - 8.8%
|
|||
Banks - 4.3%
|
|||
HDFC Bank Ltd
|
9,309,567
|
211,170,267
|
|
Kotak Mahindra Bank Ltd
|
3,168,248
|
82,692,467
|
|
293,862,734
|
|||
Capital Markets - 1.4%
|
|||
360 ONE WAM Ltd
|
8,048,561
|
93,623,108
|
|
Consumer Finance - 1.8%
|
|||
Bajaj Finance Ltd
|
1,216,700
|
123,979,496
|
|
Insurance - 1.3%
|
|||
HDFC Life Insurance Co Ltd (e)(f)
|
5,030,100
|
44,164,070
|
|
SBI Life Insurance Co Ltd (e)(f)
|
2,324,800
|
48,555,133
|
|
92,719,203
|
|||
TOTAL FINANCIALS
|
604,184,541
|
||
Health Care - 1.5%
|
|||
Health Care Providers & Services - 1.5%
|
|||
Max Healthcare Institute Ltd
|
7,878,500
|
102,079,033
|
|
Industrials - 3.6%
|
|||
Aerospace & Defense - 1.5%
|
|||
Hindustan Aeronautics Ltd (f)
|
1,886,500
|
99,902,645
|
|
Construction & Engineering - 1.1%
|
|||
Larsen & Toubro Ltd
|
1,905,632
|
75,327,584
|
|
Professional Services - 1.0%
|
|||
Computer Age Management Services Ltd
|
1,503,300
|
69,225,908
|
|
TOTAL INDUSTRIALS
|
244,456,137
|
||
Utilities - 1.0%
|
|||
Electric Utilities - 1.0%
|
|||
Power Grid Corp of India Ltd
|
19,498,333
|
70,720,722
|
|
TOTAL INDIA
|
1,345,159,654
|
||
INDONESIA - 2.9%
|
|||
Financials - 2.9%
|
|||
Banks - 2.9%
|
|||
Bank Central Asia Tbk PT
|
372,377,670
|
197,989,714
|
|
ITALY - 0.6%
|
|||
Consumer Discretionary - 0.6%
|
|||
Automobiles - 0.6%
|
|||
Ferrari NV (g)
|
95,900
|
44,284,702
|
|
KAZAKHSTAN - 1.3%
|
|||
Financials - 1.3%
|
|||
Consumer Finance - 1.3%
|
|||
Kaspi.KZ JSC ADR
|
1,030,662
|
90,584,883
|
|
KOREA (SOUTH) - 6.0%
|
|||
Communication Services - 0.7%
|
|||
Interactive Media & Services - 0.7%
|
|||
Webtoon Entertainment Inc (b)
|
5,303,711
|
47,733,399
|
|
Health Care - 0.7%
|
|||
Life Sciences Tools & Services - 0.7%
|
|||
Samsung Biologics Co Ltd (b)(e)(f)
|
66,850
|
49,372,205
|
|
Information Technology - 4.6%
|
|||
Semiconductors & Semiconductor Equipment - 2.1%
|
|||
SK Hynix Inc
|
1,192,240
|
148,454,527
|
|
Technology Hardware, Storage & Peripherals - 2.5%
|
|||
Samsung Electronics Co Ltd
|
4,290,747
|
167,071,194
|
|
TOTAL INFORMATION TECHNOLOGY
|
315,525,721
|
||
TOTAL KOREA (SOUTH)
|
412,631,325
|
||
MEXICO - 3.0%
|
|||
Consumer Staples - 1.8%
|
|||
Consumer Staples Distribution & Retail - 1.8%
|
|||
BBB Foods Inc Class A (b)
|
2,395,439
|
73,204,616
|
|
Wal-Mart de Mexico SAB de CV Series V
|
15,633,000
|
49,544,425
|
|
122,749,041
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
Banco del Bajio SA (e)(f)
|
17,474,123
|
41,844,155
|
|
Real Estate - 0.6%
|
|||
Industrial REITs - 0.6%
|
|||
Prologis Property Mexico SA de CV
|
11,856,600
|
42,231,637
|
|
TOTAL MEXICO
|
206,824,833
|
||
NETHERLANDS - 1.1%
|
|||
Information Technology - 1.1%
|
|||
Semiconductors & Semiconductor Equipment - 1.1%
|
|||
ASML Holding NV
|
76,000
|
50,151,269
|
|
BE Semiconductor Industries NV
|
263,900
|
28,173,907
|
|
TOTAL NETHERLANDS
|
78,325,176
|
||
POLAND - 1.1%
|
|||
Consumer Staples - 1.1%
|
|||
Consumer Staples Distribution & Retail - 1.1%
|
|||
Dino Polska SA (b)(e)(f)
|
560,281
|
78,383,161
|
|
RUSSIA - 0.0%
|
|||
Financials - 0.0%
|
|||
Banks - 0.0%
|
|||
Sberbank of Russia PJSC (b)(c)
|
25,741,060
|
3
|
|
SAUDI ARABIA - 1.6%
|
|||
Financials - 1.6%
|
|||
Banks - 1.6%
|
|||
Al Rajhi Bank
|
4,366,220
|
113,376,565
|
|
SOUTH AFRICA - 1.7%
|
|||
Consumer Discretionary - 1.7%
|
|||
Broadline Retail - 1.7%
|
|||
Naspers Ltd Class N
|
456,100
|
119,958,254
|
|
SWEDEN - 0.2%
|
|||
Financials - 0.2%
|
|||
Capital Markets - 0.2%
|
|||
VEF AB (b)(h)
|
73,573,525
|
15,604,545
|
|
TAIWAN - 15.7%
|
|||
Communication Services - 0.7%
|
|||
Entertainment - 0.7%
|
|||
International Games System Co Ltd
|
1,775,072
|
45,928,458
|
|
Industrials - 0.5%
|
|||
Electrical Equipment - 0.5%
|
|||
Voltronic Power Technology Corp
|
771,868
|
36,121,587
|
|
Information Technology - 14.5%
|
|||
Electronic Equipment, Instruments & Components - 0.2%
|
|||
Innolux Corp
|
46,397,000
|
19,830,262
|
|
Semiconductors & Semiconductor Equipment - 14.3%
|
|||
ASPEED Technology Inc
|
274,000
|
25,725,466
|
|
eMemory Technology Inc
|
623,000
|
50,064,719
|
|
Taiwan Semiconductor Manufacturing Co Ltd
|
32,228,000
|
911,342,355
|
|
987,132,540
|
|||
TOTAL INFORMATION TECHNOLOGY
|
1,006,962,802
|
||
TOTAL TAIWAN
|
1,089,012,847
|
||
UNITED ARAB EMIRATES - 2.4%
|
|||
Energy - 1.7%
|
|||
Energy Equipment & Services - 1.0%
|
|||
ADNOC Drilling Co PJSC
|
50,235,183
|
67,015,804
|
|
Oil, Gas & Consumable Fuels - 0.7%
|
|||
Adnoc Gas PLC
|
61,316,700
|
52,918,947
|
|
TOTAL ENERGY
|
119,934,751
|
||
Financials - 0.7%
|
|||
Banks - 0.7%
|
|||
Abu Dhabi Commercial Bank PJSC
|
15,097,825
|
47,845,437
|
|
TOTAL UNITED ARAB EMIRATES
|
167,780,188
|
||
UNITED KINGDOM - 0.3%
|
|||
Financials - 0.3%
|
|||
Financial Services - 0.3%
|
|||
Revolut Group Holdings Ltd (c)(d)
|
25,555
|
19,264,126
|
|
UNITED STATES - 4.2%
|
|||
Information Technology - 4.2%
|
|||
Semiconductors & Semiconductor Equipment - 3.4%
|
|||
NVIDIA Corp
|
2,140,980
|
233,195,542
|
|
Software - 0.8%
|
|||
Synopsys Inc (b)
|
124,300
|
57,054,943
|
|
TOTAL UNITED STATES
|
290,250,485
|
||
TOTAL COMMON STOCKS
(Cost $4,892,770,085)
|
6,842,476,870
|
||
Convertible Corporate Bonds - 0.4%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
BRAZIL - 0.4%
|
|||
Financials - 0.4%
|
|||
Financial Services - 0.4%
|
|||
Creditas Financial Solutions Ltd 5% 7/28/2027 (c)(d)
(Cost $30,523,684)
|
30,523,684
|
29,867,425
|
|
Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.2%
|
|||
Communication Services - 0.2%
|
|||
Interactive Media & Services - 0.2%
|
|||
ByteDance Ltd Series E1 (b)(c)(d)
(Cost $9,341,528)
|
85,253
|
18,098,359
|
|
Money Market Funds - 1.3%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (i)
|
4.33
|
64,381,033
|
64,393,909
|
|
Fidelity Securities Lending Cash Central Fund (i)(j)
|
4.33
|
23,408,859
|
23,411,200
|
|
TOTAL MONEY MARKET FUNDS
(Cost $87,805,109)
|
87,805,109
|
|||
TOTAL INVESTMENT IN SECURITIES - 100.7%
(Cost $5,020,440,406)
|
6,978,247,763
|
NET OTHER ASSETS (LIABILITIES) - (0.7)%
|
(51,259,029)
|
NET ASSETS - 100.0%
|
6,926,988,734
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Non-income producing
|
(c)
|
Level 3 security
|
(d)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $78,008,678 or 1.1% of net assets.
|
(e)
|
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 $262,318,724 or 3.8% of net assets.
|
(f)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $362,221,369 or 5.2% of net assets.
|
(g)
|
Security or a portion of the security is on loan at period end.
|
(h)
|
Affiliated company
|
(i)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(j)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ByteDance Ltd Series E1
|
11/18/20
|
9,341,528
|
Creditas Financial Solutions Ltd 5% 7/28/2027
|
1/28/22 - 7/28/23
|
30,523,684
|
Lenskart Solutions Pvt Ltd
|
4/30/24
|
8,909,538
|
Revolut Group Holdings Ltd
|
12/27/24
|
22,226,349
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
198,948,750
|
1,526,584,482
|
1,661,139,323
|
2,292,692
|
-
|
-
|
64,393,909
|
64,381,033
|
0.1%
|
Fidelity Securities Lending Cash Central Fund
|
47,267,424
|
153,800,280
|
177,656,504
|
102,076
|
-
|
-
|
23,411,200
|
23,408,859
|
0.1%
|
Total
|
246,216,174
|
1,680,384,762
|
1,838,795,827
|
2,394,768
|
-
|
-
|
87,805,109
|
||
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
VEF AB
|
20,110,388
|
-
|
3,783,299
|
-
|
(3,173,681)
|
2,451,137
|
15,604,545
|
73,573,525
|
Total
|
20,110,388
|
-
|
3,783,299
|
-
|
(3,173,681)
|
2,451,137
|
15,604,545
|
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
861,597,238
|
137,646,393
|
723,950,845
|
-
|
Consumer Discretionary
|
1,044,364,678
|
948,307,759
|
85,278,151
|
10,778,768
|
Consumer Staples
|
298,662,263
|
201,132,202
|
97,530,061
|
-
|
Energy
|
421,875,228
|
273,066,226
|
148,809,002
|
-
|
Financials
|
1,323,724,432
|
455,910,192
|
848,550,111
|
19,264,129
|
Health Care
|
305,673,346
|
98,568,523
|
207,104,823
|
-
|
Industrials
|
614,069,764
|
64,256,763
|
549,813,001
|
-
|
Information Technology
|
1,767,940,292
|
425,489,405
|
1,342,450,887
|
-
|
Materials
|
37,182,070
|
37,182,070
|
-
|
-
|
Real Estate
|
42,231,637
|
42,231,637
|
-
|
-
|
Utilities
|
125,155,922
|
54,435,200
|
70,720,722
|
-
|
Convertible Corporate Bonds
|
||||
Financials
|
29,867,425
|
-
|
-
|
29,867,425
|
Convertible Preferred Stocks
|
||||
Communication Services
|
18,098,359
|
-
|
-
|
18,098,359
|
Money Market Funds
|
87,805,109
|
87,805,109
|
-
|
-
|
Total Investments in Securities:
|
6,978,247,763
|
2,826,031,479
|
4,074,207,603
|
78,008,681
|
Beginning Balance ($)
|
Net Realized Gain (Loss) on Investement Securities ($)
|
Net Unrealized Gain (Loss) on Investement Securities ($)
|
Cost of Purchases ($)
|
Proceeds of Sales ($)
|
Amoritization/
Accretion ($)
|
Transfers into Level 3 ($)
|
Transfers out of Level 3 ($)
|
Ending Balance ($)
|
The Change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2025($)
|
|
Common Stocks
|
9,352,376
|
-
|
(1,535,828)
|
22,226,349
|
-
|
-
|
-
|
-
|
30,042,897
|
(1,535,828)
|
Convertible Corporate Bonds
|
28,606,797
|
-
|
1,260,628
|
-
|
-
|
-
|
-
|
-
|
29,867,425
|
1,260,628
|
Convertible Preferred Stocks
|
21,242,493
|
-
|
(3,144,134)
|
-
|
-
|
-
|
-
|
-
|
18,098,359
|
(3,144,134)
|
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $22,904,288) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $4,902,217,260)
|
$
|
6,874,838,109
|
||
Fidelity Central Funds (cost $87,805,109)
|
87,805,109
|
|||
Other affiliated issuers (cost $30,418,037)
|
15,604,545
|
|||
Total Investment in Securities (cost $5,020,440,406)
|
$
|
6,978,247,763
|
||
Foreign currency held at value (cost $341,371)
|
341,718
|
|||
Receivable for investments sold
|
29,481,358
|
|||
Receivable for fund shares sold
|
5,336,315
|
|||
Dividends receivable
|
6,120,877
|
|||
Interest receivable
|
2,684,398
|
|||
Distributions receivable from Fidelity Central Funds
|
339,383
|
|||
Prepaid expenses
|
2,882
|
|||
Receivable from investment adviser for expense reductions
|
102,408
|
|||
Other receivables
|
2,079,582
|
|||
Total assets
|
7,024,736,684
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
3,458,040
|
||
Payable for fund shares redeemed
|
5,757,769
|
|||
Accrued management fee
|
4,469,332
|
|||
Distribution and service plan fees payable
|
11,334
|
|||
Deferred taxes
|
60,306,739
|
|||
Other payables and accrued expenses
|
333,536
|
|||
Collateral on securities loaned
|
23,411,200
|
|||
Total liabilities
|
97,747,950
|
|||
Net Assets
|
$
|
6,926,988,734
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
5,710,127,115
|
||
Total accumulated earnings (loss)
|
1,216,861,619
|
|||
Net Assets
|
$
|
6,926,988,734
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($34,339,636 ÷ 909,217 shares)(a)
|
$
|
37.77
|
||
Maximum offering price per share (100/94.25 of $37.77)
|
$
|
40.07
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($4,912,700 ÷ 130,049 shares)(a)
|
$
|
37.78
|
||
Maximum offering price per share (100/96.50 of $37.78)
|
$
|
39.15
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($3,047,484 ÷ 81,198 shares)(a)
|
$
|
37.53
|
||
Emerging Markets :
|
||||
Net Asset Value, offering price and redemption price per share ($4,378,245,148 ÷ 115,166,490 shares)
|
$
|
38.02
|
||
Class K :
|
||||
Net Asset Value, offering price and redemption price per share ($1,648,603,450 ÷ 43,350,980 shares)
|
$
|
38.03
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($361,639,020 ÷ 9,539,326 shares)
|
$
|
37.91
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($496,201,296 ÷ 12,962,111 shares)
|
$
|
38.28
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
56,872,405
|
||
Interest
|
778,488
|
|||
Income from Fidelity Central Funds (including $102,076 from security lending)
|
2,394,768
|
|||
Income before foreign taxes withheld
|
$
|
60,045,661
|
||
Less foreign taxes withheld
|
(5,669,613)
|
|||
Total income
|
54,376,048
|
|||
Expenses
|
||||
Management fee
|
$
|
29,978,174
|
||
Distribution and service plan fees
|
76,309
|
|||
Custodian fees and expenses
|
628,644
|
|||
Independent trustees' fees and expenses
|
18,377
|
|||
Registration fees
|
191,061
|
|||
Audit fees
|
84,810
|
|||
Legal
|
11,981
|
|||
Interest
|
52,022
|
|||
Miscellaneous
|
59,793
|
|||
Total expenses before reductions
|
31,101,171
|
|||
Expense reductions
|
(26,667)
|
|||
Total expenses after reductions
|
31,074,504
|
|||
Net Investment income (loss)
|
23,301,544
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $14,551,972)
|
(117,670,583)
|
|||
Redemptions in-kind
|
286,450,358
|
|||
Affiliated issuers
|
(3,173,681)
|
|||
Foreign currency transactions
|
80,300
|
|||
Futures contracts
|
10,779,615
|
|||
Total net realized gain (loss)
|
176,466,009
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $10,131,066)
|
(501,116,111)
|
|||
Affiliated issuers
|
2,451,137
|
|||
Assets and liabilities in foreign currencies
|
103,265
|
|||
Total change in net unrealized appreciation (depreciation)
|
(498,561,709)
|
|||
Net gain (loss)
|
(322,095,700)
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
(298,794,156)
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
23,301,544
|
$
|
78,134,320
|
Net realized gain (loss)
|
176,466,009
|
314,887,725
|
||
Change in net unrealized appreciation (depreciation)
|
(498,561,709)
|
1,558,006,188
|
||
Net increase (decrease) in net assets resulting from operations
|
(298,794,156)
|
1,951,028,233
|
||
Distributions to shareholders
|
(46,197,464)
|
(91,875,932)
|
||
Share transactions - net increase (decrease)
|
(1,658,837,252)
|
244,321,857
|
||
Total increase (decrease) in net assets
|
(2,003,828,872)
|
2,103,474,158
|
||
Net Assets
|
||||
Beginning of period
|
8,930,817,606
|
6,827,343,448
|
||
End of period
|
$
|
6,926,988,734
|
$
|
8,930,817,606
|
Fidelity Advisor® Emerging Markets Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021 A
|
||||||
Selected Per-Share Data
|
||||||||||
Net asset value, beginning of period
|
$
|
39.62
|
$
|
31.80
|
$
|
27.73
|
$
|
47.48
|
$
|
46.83
|
Income from Investment Operations
|
||||||||||
Net investment income (loss) B,C
|
.06
|
.21
|
.26 D
|
.16 E
|
(.04)
|
|||||
Net realized and unrealized gain (loss)
|
(1.67)
|
7.91
|
3.95
|
(17.27)
|
.69
|
|||||
Total from investment operations
|
(1.61)
|
8.12
|
4.21
|
(17.11)
|
.65
|
|||||
Distributions from net investment income
|
(.24)
|
(.30)
|
(.14)
|
(.48)
|
-
|
|||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
-
|
|||||
Total distributions
|
(.24)
|
(.30)
|
(.14)
|
(2.64)
|
-
|
|||||
Net asset value, end of period
|
$
|
37.77
|
$
|
39.62
|
$
|
31.80
|
$
|
27.73
|
$
|
47.48
|
Total Return F,G,H
|
(4.09) % |
25.69%
|
15.18%
|
(38.00)%
|
1.39%
|
|||||
Ratios to Average Net Assets C,I,J
|
||||||||||
Expenses before reductions
|
1.14% K
|
1.14%
|
1.20%
|
1.21%
|
1.25% K
|
|||||
Expenses net of fee waivers, if any
|
1.14 % K |
1.13%
|
1.20%
|
1.21%
|
1.25% K
|
|||||
Expenses net of all reductions, if any
|
1.14% K
|
1.13%
|
1.20%
|
1.21%
|
1.25% K
|
|||||
Net investment income (loss)
|
.31% K
|
.54%
|
.77% D
|
.45% E
|
(.17)% K
|
|||||
Supplemental Data
|
||||||||||
Net assets, end of period (000 omitted)
|
$
|
34,340
|
$
|
38,430
|
$
|
15,288
|
$
|
10,046
|
$
|
6,248
|
Portfolio turnover rate L
|
35 % K,M |
46% M,N
|
23%
|
34%
|
38% K,N
|
Fidelity Advisor® Emerging Markets Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021 A
|
||||||
Selected Per-Share Data
|
||||||||||
Net asset value, beginning of period
|
$
|
39.59
|
$
|
31.80
|
$
|
27.71
|
$
|
47.42
|
$
|
46.83
|
Income from Investment Operations
|
||||||||||
Net investment income (loss) B,C
|
.01
|
.11
|
.17 D
|
.05 E
|
(.09)
|
|||||
Net realized and unrealized gain (loss)
|
(1.67)
|
7.92
|
3.96
|
(17.29)
|
.68
|
|||||
Total from investment operations
|
(1.66)
|
8.03
|
4.13
|
(17.24)
|
.59
|
|||||
Distributions from net investment income
|
(.15)
|
(.24)
|
(.04)
|
(.32)
|
-
|
|||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
-
|
|||||
Total distributions
|
(.15)
|
(.24)
|
(.04)
|
(2.47) F
|
-
|
|||||
Net asset value, end of period
|
$
|
37.78
|
$
|
39.59
|
$
|
31.80
|
$
|
27.71
|
$
|
47.42
|
Total Return G,H,I
|
(4.21) % |
25.37%
|
14.90%
|
(38.20)%
|
1.26%
|
|||||
Ratios to Average Net Assets C,J,K
|
||||||||||
Expenses before reductions
|
1.39% L
|
1.39%
|
1.48%
|
1.51%
|
1.52% L
|
|||||
Expenses net of fee waivers, if any
|
1.39 % L |
1.39%
|
1.47%
|
1.50%
|
1.51% L
|
|||||
Expenses net of all reductions, if any
|
1.39% L
|
1.39%
|
1.47%
|
1.50%
|
1.51% L
|
|||||
Net investment income (loss)
|
.05% L
|
.29%
|
.50% D
|
.15% E
|
(.39)% L
|
|||||
Supplemental Data
|
||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,913
|
$
|
6,498
|
$
|
3,070
|
$
|
1,392
|
$
|
2,234
|
Portfolio turnover rate M
|
35 % L,N |
46% N,O
|
23%
|
34%
|
38% L,O
|
Fidelity Advisor® Emerging Markets Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021 A
|
||||||
Selected Per-Share Data
|
||||||||||
Net asset value, beginning of period
|
$
|
39.29
|
$
|
31.54
|
$
|
27.59
|
$
|
47.31
|
$
|
46.83
|
Income from Investment Operations
|
||||||||||
Net investment income (loss) B,C
|
(.08)
|
(.08)
|
- D,E
|
(.12) F
|
(.19)
|
|||||
Net realized and unrealized gain (loss)
|
(1.67)
|
7.88
|
3.95
|
(17.26)
|
.67
|
|||||
Total from investment operations
|
(1.75)
|
7.80
|
3.95
|
(17.38)
|
.48
|
|||||
Distributions from net investment income
|
(.01)
|
(.05)
|
-
|
(.18)
|
-
|
|||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
-
|
|||||
Total distributions
|
(.01)
|
(.05)
|
-
|
(2.34)
|
-
|
|||||
Net asset value, end of period
|
$
|
37.53
|
$
|
39.29
|
$
|
31.54
|
$
|
27.59
|
$
|
47.31
|
Total Return G,H,I
|
(4.45) % |
24.73%
|
14.32%
|
(38.50)%
|
1.02%
|
|||||
Ratios to Average Net Assets C,J,K
|
||||||||||
Expenses before reductions
|
1.89% L
|
1.89%
|
1.98%
|
2.00%
|
2.01% L
|
|||||
Expenses net of fee waivers, if any
|
1.89 % L |
1.88%
|
1.98%
|
2.00%
|
2.01% L
|
|||||
Expenses net of all reductions, if any
|
1.89% L
|
1.88%
|
1.97%
|
2.00%
|
2.01% L
|
|||||
Net investment income (loss)
|
(.44)% L
|
(.21)%
|
(.01)% E
|
(.34)% F
|
(.86)% L
|
|||||
Supplemental Data
|
||||||||||
Net assets, end of period (000 omitted)
|
$
|
3,047
|
$
|
3,573
|
$
|
1,768
|
$
|
1,377
|
$
|
1,587
|
Portfolio turnover rate M
|
35 % L,N |
46% N,O
|
23%
|
34%
|
38% L,O
|
Fidelity® Emerging Markets Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
39.83
|
$
|
31.97
|
$
|
27.87
|
$
|
47.56
|
$
|
40.26
|
$
|
33.03
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.11
|
.30
|
.36 C
|
.28 D
|
.12
|
.15
|
||||||
Net realized and unrealized gain (loss)
|
(1.67)
|
7.96
|
3.98
|
(17.35)
|
7.81
|
7.68
|
||||||
Total from investment operations
|
(1.56)
|
8.26
|
4.34
|
(17.07)
|
7.93
|
7.83
|
||||||
Distributions from net investment income
|
(.25)
|
(.40)
|
(.24)
|
(.46)
|
(.09)
|
(.60)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
(.54)
|
-
|
||||||
Total distributions
|
(.25)
|
(.40)
|
(.24)
|
(2.62)
|
(.63)
|
(.60)
|
||||||
Net asset value, end of period
|
$
|
38.02
|
$
|
39.83
|
$
|
31.97
|
$
|
27.87
|
$
|
47.56
|
$
|
40.26
|
Total Return E,F
|
(3.95) % |
26.02%
|
15.56%
|
(37.83)%
|
19.83%
|
24.09%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.87% I
|
.87%
|
.90%
|
.90%
|
.88%
|
.92%
|
||||||
Expenses net of fee waivers, if any
|
.87 % I |
.87%
|
.90%
|
.90%
|
.88%
|
.92%
|
||||||
Expenses net of all reductions, if any
|
.87% I
|
.87%
|
.90%
|
.90%
|
.88%
|
.91%
|
||||||
Net investment income (loss)
|
.58% I
|
.81%
|
1.07% C
|
.76% D
|
.26%
|
.43%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,378,245
|
$
|
4,759,858
|
$
|
3,985,433
|
$
|
3,330,900
|
$
|
5,016,159
|
$
|
4,526,531
|
Portfolio turnover rate J
|
35 % I,K |
46% K,L
|
23%
|
34%
|
38% L
|
34%
|
Fidelity® Emerging Markets Fund Class K |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
39.87
|
$
|
32.00
|
$
|
27.90
|
$
|
47.62
|
$
|
40.30
|
$
|
33.07
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.14
|
.36
|
.40 C
|
.33 D
|
.16
|
.19
|
||||||
Net realized and unrealized gain (loss)
|
(1.68)
|
7.95
|
3.98
|
(17.35)
|
7.83
|
7.69
|
||||||
Total from investment operations
|
(1.54)
|
8.31
|
4.38
|
(17.02)
|
7.99
|
7.88
|
||||||
Distributions from net investment income
|
(.30)
|
(.44)
|
(.28)
|
(.54)
|
(.12)
|
(.65)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
(.54)
|
-
|
||||||
Total distributions
|
(.30)
|
(.44)
|
(.28)
|
(2.70)
|
(.67) E
|
(.65)
|
||||||
Net asset value, end of period
|
$
|
38.03
|
$
|
39.87
|
$
|
32.00
|
$
|
27.90
|
$
|
47.62
|
$
|
40.30
|
Total Return F,G
|
(3.90) % |
26.20%
|
15.69%
|
(37.73)%
|
19.94%
|
24.24%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
.74% J
|
.74%
|
.77%
|
.77%
|
.77%
|
.80%
|
||||||
Expenses net of fee waivers, if any
|
.74 % J |
.74%
|
.76%
|
.77%
|
.77%
|
.80%
|
||||||
Expenses net of all reductions, if any
|
.74% J
|
.74%
|
.76%
|
.77%
|
.77%
|
.79%
|
||||||
Net investment income (loss)
|
.71% J
|
.94%
|
1.20% C
|
.88% D
|
.34%
|
.55%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,648,603
|
$
|
1,897,730
|
$
|
1,095,217
|
$
|
826,468
|
$
|
1,689,454
|
$
|
1,227,097
|
Portfolio turnover rate K
|
35 % J,L |
46% L,M
|
23%
|
34%
|
38% M
|
34%
|
Fidelity Advisor® Emerging Markets Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021 A
|
||||||
Selected Per-Share Data
|
||||||||||
Net asset value, beginning of period
|
$
|
39.72
|
$
|
31.89
|
$
|
27.83
|
$
|
47.55
|
$
|
46.83
|
Income from Investment Operations
|
||||||||||
Net investment income (loss) B,C
|
.11
|
.31
|
.36 D
|
.26 E
|
.04
|
|||||
Net realized and unrealized gain (loss)
|
(1.68)
|
7.92
|
3.97
|
(17.29)
|
.68
|
|||||
Total from investment operations
|
(1.57)
|
8.23
|
4.33
|
(17.03)
|
.72
|
|||||
Distributions from net investment income
|
(.24)
|
(.40)
|
(.27)
|
(.53)
|
-
|
|||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
-
|
|||||
Total distributions
|
(.24)
|
(.40)
|
(.27)
|
(2.69)
|
-
|
|||||
Net asset value, end of period
|
$
|
37.91
|
$
|
39.72
|
$
|
31.89
|
$
|
27.83
|
$
|
47.55
|
Total Return F,G
|
(3.97) % |
26.01%
|
15.54%
|
(37.81)%
|
1.54%
|
|||||
Ratios to Average Net Assets C,H,I
|
||||||||||
Expenses before reductions
|
.88% J
|
.88%
|
.91%
|
.89%
|
.94% J
|
|||||
Expenses net of fee waivers, if any
|
.88 % J |
.87%
|
.90%
|
.89%
|
.93% J
|
|||||
Expenses net of all reductions, if any
|
.88% J
|
.87%
|
.90%
|
.89%
|
.93% J
|
|||||
Net investment income (loss)
|
.57% J
|
.81%
|
1.06% D
|
.76% E
|
.17% J
|
|||||
Supplemental Data
|
||||||||||
Net assets, end of period (000 omitted)
|
$
|
361,639
|
$
|
303,027
|
$
|
114,992
|
$
|
47,819
|
$
|
25,824
|
Portfolio turnover rate K
|
35 % J,L |
46% L,M
|
23%
|
34%
|
38% J,M
|
Fidelity Advisor® Emerging Markets Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021 A
|
||||||
Selected Per-Share Data
|
||||||||||
Net asset value, beginning of period
|
$
|
39.82
|
$
|
31.96
|
$
|
27.87
|
$
|
47.59
|
$
|
46.83
|
Income from Investment Operations
|
||||||||||
Net investment income (loss) B,C
|
.14
|
.36
|
.40 D
|
.32 E
|
(.03)
|
|||||
Net realized and unrealized gain (loss)
|
(1.68)
|
7.94
|
3.97
|
(17.33)
|
.79
|
|||||
Total from investment operations
|
(1.54)
|
8.30
|
4.37
|
(17.01)
|
.76
|
|||||
Distributions from net investment income
|
-
|
(.44)
|
(.28)
|
(.55)
|
-
|
|||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.16)
|
-
|
|||||
Total distributions
|
-
|
(.44)
|
(.28)
|
(2.71)
|
-
|
|||||
Net asset value, end of period
|
$
|
38.28
|
$
|
39.82
|
$
|
31.96
|
$
|
27.87
|
$
|
47.59
|
Total Return F,G
|
(3.87) % |
26.20%
|
15.67%
|
(37.74)%
|
1.62%
|
|||||
Ratios to Average Net Assets C,H,I
|
||||||||||
Expenses before reductions
|
.73% J
|
.74%
|
.77%
|
.77%
|
.78% J
|
|||||
Expenses net of fee waivers, if any
|
.73 % J |
.74%
|
.76%
|
.77%
|
.78% J
|
|||||
Expenses net of all reductions, if any
|
.73% J
|
.74%
|
.76%
|
.77%
|
.78% J
|
|||||
Net investment income (loss)
|
.71% J
|
.94%
|
1.20% D
|
.88% E
|
(.13)% J
|
|||||
Supplemental Data
|
||||||||||
Net assets, end of period (000 omitted)
|
$
|
496,201
|
$
|
1,921,701
|
$
|
1,611,575
|
$
|
1,306,539
|
$
|
1,797,766
|
Portfolio turnover rate K
|
35 % J,L |
46% L,M
|
23%
|
34%
|
38% J,M
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Asset Type
|
Fair Value
|
Valuation Technique(s)
|
Unobservable Input
|
Amount or Range/Weighted Average
|
Impact to Valuation from an Increase in InputA
|
Common Stock
|
$30,042,897
|
Market Comparable
|
Enterprise value/Net income (EV/NI)
|
14.3
|
Increase
|
Enterprise value/Revenue multiple (EV/R)
|
6.8
|
Increase
|
|||
Recovery value
|
Recovery value
|
$0.00
|
Increase
|
||
Convertible Corporate Bonds
|
$29,867,425
|
Market comparable
|
Discount rate
|
23.2%
|
Decrease
|
Enterprise value/Revenue multiple (EV/R)
|
5.5
|
Increase
|
|||
Probability rate
|
33.3%
|
Increase
|
|||
Black scholes
|
Discount rate
|
3.9% - 4.2% / 4.0%
|
Increase
|
||
Term
|
0.7 - 1.8 / 1.2
|
Increase
|
|||
Volatility
|
65.0%
|
Increase
|
|||
Convertible Preferred Stocks
|
$18,098,359
|
Market comparable
|
Enterprise value/Revenue multiple (EV/R)
|
1.0
|
Increase
|
Gross unrealized appreciation
|
$2,240,091,354
|
Gross unrealized depreciation
|
(305,966,690)
|
Net unrealized appreciation (depreciation)
|
$1,934,124,664
|
Tax cost
|
$5,044,123,099
|
Short-term
|
$(689,281,496)
|
Long-term
|
(119,499,858)
|
Total capital loss carryforward
|
$(808,781,354)
|
Equity Risk
|
Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Emerging Markets Fund
|
1,340,305,213
|
2,344,411,445
|
Maximum Management Fee Rate %
|
|
Class A
|
.86
|
Class M
|
.86
|
Class C
|
.86
|
Emerging Markets
|
.84
|
Class K
|
.71
|
Class I
|
.85
|
Class Z
|
.71
|
Total Management Fee Rate %
|
|
Class A
|
.86
|
Class M
|
.86
|
Class C
|
.86
|
Emerging Markets
|
.84
|
Class K
|
.71
|
Class I
|
.85
|
Class Z
|
.71
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
-%
|
.25%
|
44,950
|
5,410
|
Class M
|
.25%
|
.25%
|
14,646
|
196
|
Class C
|
.75%
|
.25%
|
16,713
|
2,117
|
76,309
|
7,723
|
Retained by FDC ($)
|
|
Class A
|
17,898
|
Class M
|
277
|
Class CA
|
64
|
18,239
|
Amount ($)
|
|
Fidelity Emerging Markets Fund
|
2,791
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Emerging Markets Fund
|
Borrower
|
45,365,333
|
4.59%
|
52,022
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Emerging Markets Fund
|
22,988,149
|
70,790,236
|
(18,611,811)
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity Emerging Markets Fund
|
36,475,274
|
286,450,358
|
1,449,162,640
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity Emerging Markets Fund
|
36,475,274
|
346,805,773
|
1,498,769,012
|
Amount ($)
|
|
Fidelity Emerging Markets Fund
|
6,108
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Emerging Markets Fund
|
10,515
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Emerging Markets Fund
|
||
Distributions to shareholders
|
||
Class A
|
$235,767
|
$149,850
|
Class M
|
24,237
|
22,696
|
Class C
|
1,260
|
2,509
|
Emerging Markets
|
29,623,551
|
49,044,521
|
Class K
|
14,351,242
|
18,162,751
|
Class I
|
1,961,407
|
1,576,885
|
Class Z
|
-
|
22,916,720
|
Total
|
$46,197,464
|
$91,875,932
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Emerging Markets Fund
|
||||
Class A
|
||||
Shares sold
|
106,725
|
354,848
|
$4,142,178
|
$13,436,279
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
259,916
|
-
|
9,991,163
|
Reinvestment of distributions
|
5,924
|
4,334
|
232,853
|
148,618
|
Shares redeemed
|
(173,413)
|
(129,879)
|
(6,603,636)
|
(4,844,792)
|
Net increase (decrease)
|
(60,764)
|
489,219
|
$(2,228,605)
|
$18,731,268
|
Class M
|
||||
Shares sold
|
6,299
|
36,439
|
$240,971
|
$1,362,892
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
58,126
|
-
|
2,233,184
|
Reinvestment of distributions
|
612
|
656
|
24,099
|
22,545
|
Shares redeemed
|
(41,015)
|
(27,603)
|
(1,547,235)
|
(1,025,710)
|
Net increase (decrease)
|
(34,104)
|
67,618
|
$(1,282,165)
|
$2,592,911
|
Class C
|
||||
Shares sold
|
3,132
|
20,145
|
$118,981
|
$2,445,647
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
31,209
|
-
|
1,190,948
|
Reinvestment of distributions
|
32
|
72
|
1,243
|
2,487
|
Shares redeemed
|
(12,908)
|
(16,527)
|
(488,818)
|
(2,300,041)
|
Net increase (decrease)
|
(9,744)
|
34,899
|
$(368,594)
|
$1,339,041
|
Emerging Markets
|
||||
Shares sold
|
17,331,838
|
23,336,798
|
$658,995,347
|
$885,074,796
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
4,412,960
|
-
|
170,472,261
|
Reinvestment of distributions
|
539,776
|
1,104,208
|
21,337,331
|
37,951,098
|
Shares redeemed
|
(22,202,937)
|
(34,021,450)
|
(840,570,419)
|
(1,265,925,610)
|
Net increase (decrease)
|
(4,331,323)
|
(5,167,484)
|
$(160,237,741)
|
$(172,427,455)
|
Class K
|
||||
Shares sold
|
9,775,997
|
30,067,036
|
$378,086,604
|
$1,119,926,599
|
Reinvestment of distributions
|
361,874
|
528,375
|
14,301,267
|
18,156,694
|
Shares redeemed
|
(14,384,152)
|
(17,220,929)
|
(559,211,993)
|
(677,157,529)
|
Net increase (decrease)
|
(4,246,281)
|
13,374,482
|
$(166,824,122)
|
$460,925,764
|
Class I
|
||||
Shares sold
|
3,424,145
|
8,642,102
|
$132,080,176
|
$324,804,856
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
48,755
|
-
|
1,878,043
|
Reinvestment of distributions
|
41,131
|
42,705
|
1,621,391
|
1,463,912
|
Shares redeemed
|
(1,555,138)
|
(4,710,389)
|
(58,683,367)
|
(181,718,005)
|
Net increase (decrease)
|
1,910,138
|
4,023,173
|
$75,018,200
|
$146,428,806
|
Class Z
|
||||
Shares sold
|
3,716,477
|
36,108,432
|
$142,472,310
|
$1,355,101,151
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
15,788
|
-
|
609,745
|
Reinvestment of distributions
|
-
|
649,621
|
-
|
22,297,061
|
Shares redeemed
|
(39,009,736)
|
(38,937,032)
|
(1,545,386,535)
|
(1,591,276,435)
|
Net increase (decrease)
|
(35,293,259)
|
(2,163,191)
|
$(1,402,914,225)
|
$(213,268,478)
|
Acquired Fund and Share Class
|
Investments $
|
Unrealized appreciation (depreciation) $
|
Net Assets $
|
Shares Exchanged
|
Shares Exchanged Ratio
|
Fidelity Latin America Fund
|
179,728,071
|
11,207,705
|
|||
Class A
|
9,991,163
|
259,916
|
.4343522373
|
||
Class M
|
2,233,184
|
58,126
|
.4360879750
|
||
Class C
|
1,190,948
|
31,209
|
.4437971698
|
||
Latin America
|
170,472,261
|
4,412,960
|
.4306756407
|
||
Class I
|
1,878,043
|
48,755
|
.4324844237
|
||
Class Z
|
609,745
|
15,788
|
.4312195750
|
Acquiring Fund
|
Net Assets $
|
Total net assets after the acquisition $
|
Fidelity Emerging Markets Fund
|
9,771,715,039
|
9,958,090,383
|
Net investment income (loss)
|
$89,796,022
|
Total net realized gain (loss)
|
281,914,088
|
Total change in net unrealized appreciation (depreciation)
|
1,587,783,041
|
Net increase (decrease) in net assets resulting from operations
|
$1,959,493,151
|
Common Stocks - 96.8%
|
|||
Shares
|
Value ($)
|
||
BELGIUM - 1.9%
|
|||
Financials - 0.8%
|
|||
Banks - 0.8%
|
|||
KBC Group NV
|
61,000
|
5,601,558
|
|
Health Care - 1.1%
|
|||
Pharmaceuticals - 1.1%
|
|||
UCB SA
|
46,000
|
8,397,704
|
|
TOTAL BELGIUM
|
13,999,262
|
||
CANADA - 0.4%
|
|||
Information Technology - 0.4%
|
|||
Software - 0.4%
|
|||
Lumine Group Inc Subordinate Voting Shares (a)(b)
|
90,000
|
2,909,691
|
|
CHINA - 0.9%
|
|||
Consumer Discretionary - 0.9%
|
|||
Broadline Retail - 0.9%
|
|||
Prosus NV Class N
|
138,000
|
6,470,076
|
|
DENMARK - 1.8%
|
|||
Financials - 1.0%
|
|||
Insurance - 1.0%
|
|||
Tryg A/S
|
313,200
|
7,472,309
|
|
Industrials - 0.8%
|
|||
Air Freight & Logistics - 0.8%
|
|||
DSV A/S
|
27,600
|
5,850,093
|
|
TOTAL DENMARK
|
13,322,402
|
||
FINLAND - 0.7%
|
|||
Financials - 0.7%
|
|||
Banks - 0.7%
|
|||
Nordea Bank Abp (Sweden)
|
379,100
|
5,177,301
|
|
FRANCE - 14.9%
|
|||
Consumer Discretionary - 2.5%
|
|||
Textiles, Apparel & Luxury Goods - 2.5%
|
|||
Hermes International SCA
|
2,800
|
7,584,204
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
19,700
|
10,912,406
|
|
18,496,610
|
|||
Consumer Staples - 2.5%
|
|||
Food Products - 1.6%
|
|||
Danone SA
|
137,500
|
11,831,382
|
|
Personal Care Products - 0.9%
|
|||
L'Oreal SA (b)
|
15,400
|
6,804,728
|
|
TOTAL CONSUMER STAPLES
|
18,636,110
|
||
Energy - 1.0%
|
|||
Oil, Gas & Consumable Fuels - 1.0%
|
|||
Gaztransport Et Technigaz SA
|
19,900
|
3,241,786
|
|
TotalEnergies SE
|
85,907
|
4,892,849
|
|
8,134,635
|
|||
Financials - 2.6%
|
|||
Banks - 1.2%
|
|||
BNP Paribas SA
|
101,100
|
8,566,150
|
|
Insurance - 1.4%
|
|||
AXA SA
|
218,000
|
10,310,507
|
|
TOTAL FINANCIALS
|
18,876,657
|
||
Health Care - 1.2%
|
|||
Health Care Equipment & Supplies - 1.2%
|
|||
EssilorLuxottica SA
|
29,964
|
8,577,830
|
|
Industrials - 3.3%
|
|||
Aerospace & Defense - 2.0%
|
|||
Airbus SE
|
46,400
|
7,873,642
|
|
Dassault Aviation SA
|
19,800
|
7,110,446
|
|
14,984,088
|
|||
Building Products - 1.3%
|
|||
Cie de Saint-Gobain SA
|
88,000
|
9,567,185
|
|
TOTAL INDUSTRIALS
|
24,551,273
|
||
Materials - 1.8%
|
|||
Chemicals - 1.8%
|
|||
Air Liquide SA
|
63,118
|
12,969,374
|
|
TOTAL FRANCE
|
110,242,489
|
||
GERMANY - 18.4%
|
|||
Communication Services - 3.0%
|
|||
Diversified Telecommunication Services - 1.7%
|
|||
Deutsche Telekom AG
|
345,600
|
12,413,097
|
|
Interactive Media & Services - 1.3%
|
|||
Scout24 SE (a)(c)
|
82,200
|
9,749,692
|
|
TOTAL COMMUNICATION SERVICES
|
22,162,789
|
||
Consumer Discretionary - 1.4%
|
|||
Specialty Retail - 0.6%
|
|||
Auto1 Group SE (a)(b)(c)
|
202,400
|
4,828,823
|
|
Textiles, Apparel & Luxury Goods - 0.8%
|
|||
adidas AG
|
25,400
|
5,803,794
|
|
TOTAL CONSUMER DISCRETIONARY
|
10,632,617
|
||
Financials - 2.1%
|
|||
Capital Markets - 1.5%
|
|||
Deutsche Boerse AG
|
34,200
|
11,015,611
|
|
Insurance - 0.6%
|
|||
Hannover Rueck SE
|
13,400
|
4,286,886
|
|
TOTAL FINANCIALS
|
15,302,497
|
||
Health Care - 1.2%
|
|||
Health Care Equipment & Supplies - 0.6%
|
|||
Siemens Healthineers AG (a)(c)
|
80,700
|
4,350,324
|
|
Pharmaceuticals - 0.6%
|
|||
Merck KGaA
|
30,300
|
4,184,261
|
|
TOTAL HEALTH CARE
|
8,534,585
|
||
Industrials - 5.6%
|
|||
Aerospace & Defense - 2.3%
|
|||
Rheinmetall AG
|
9,800
|
16,689,916
|
|
Electrical Equipment - 1.5%
|
|||
Siemens Energy AG (b)
|
150,500
|
11,616,144
|
|
Industrial Conglomerates - 1.8%
|
|||
Siemens AG
|
57,700
|
13,286,078
|
|
TOTAL INDUSTRIALS
|
41,592,138
|
||
Information Technology - 4.3%
|
|||
Software - 4.3%
|
|||
SAP SE
|
107,800
|
31,541,055
|
|
Materials - 0.8%
|
|||
Construction Materials - 0.8%
|
|||
Heidelberg Materials AG
|
32,000
|
6,316,772
|
|
TOTAL GERMANY
|
136,082,453
|
||
IRELAND - 1.8%
|
|||
Consumer Staples - 0.7%
|
|||
Food Products - 0.7%
|
|||
Kerry Group PLC Class A
|
48,800
|
5,155,147
|
|
Financials - 1.1%
|
|||
Banks - 1.1%
|
|||
AIB Group PLC
|
1,203,600
|
8,089,468
|
|
TOTAL IRELAND
|
13,244,615
|
||
ISRAEL - 0.3%
|
|||
Health Care - 0.3%
|
|||
Pharmaceuticals - 0.3%
|
|||
Teva Pharmaceutical Industries Ltd ADR (b)
|
141,000
|
2,186,910
|
|
ITALY - 6.5%
|
|||
Consumer Discretionary - 0.9%
|
|||
Automobiles - 0.8%
|
|||
Ferrari NV (Italy)
|
12,500
|
5,686,907
|
|
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Prada Spa (b)
|
193,700
|
1,211,312
|
|
TOTAL CONSUMER DISCRETIONARY
|
6,898,219
|
||
Consumer Staples - 0.9%
|
|||
Beverages - 0.9%
|
|||
Coca-Cola HBC AG
|
124,900
|
6,491,715
|
|
Financials - 2.7%
|
|||
Banks - 2.7%
|
|||
FinecoBank Banca Fineco SpA
|
291,635
|
5,803,102
|
|
UniCredit SpA
|
244,400
|
14,219,402
|
|
20,022,504
|
|||
Health Care - 1.5%
|
|||
Pharmaceuticals - 1.5%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
188,500
|
11,072,164
|
|
Industrials - 0.5%
|
|||
Electrical Equipment - 0.5%
|
|||
Prysmian SpA
|
68,700
|
3,773,842
|
|
TOTAL ITALY
|
48,258,444
|
||
LUXEMBOURG - 0.5%
|
|||
Financials - 0.5%
|
|||
Capital Markets - 0.5%
|
|||
CVC Capital Partners PLC (a)(b)(c)
|
194,600
|
3,443,470
|
|
NETHERLANDS - 4.1%
|
|||
Communication Services - 0.6%
|
|||
Entertainment - 0.6%
|
|||
Universal Music Group NV
|
151,450
|
4,453,458
|
|
Information Technology - 3.5%
|
|||
Semiconductors & Semiconductor Equipment - 2.8%
|
|||
ASM International NV
|
6,000
|
2,890,807
|
|
ASML Holding NV
|
26,800
|
17,684,921
|
|
20,575,728
|
|||
Software - 0.7%
|
|||
Topicus.com Inc (b)
|
42,200
|
5,050,164
|
|
TOTAL INFORMATION TECHNOLOGY
|
25,625,892
|
||
TOTAL NETHERLANDS
|
30,079,350
|
||
NORWAY - 0.3%
|
|||
Energy - 0.3%
|
|||
Oil, Gas & Consumable Fuels - 0.3%
|
|||
Equinor ASA
|
108,600
|
2,458,230
|
|
PORTUGAL - 0.6%
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
Banco Comercial Portugues SA
|
7,380,200
|
4,713,740
|
|
SOUTH AFRICA - 0.6%
|
|||
Materials - 0.6%
|
|||
Metals & Mining - 0.6%
|
|||
Anglo American PLC
|
173,399
|
4,733,510
|
|
SPAIN - 2.5%
|
|||
Consumer Discretionary - 0.4%
|
|||
Household Durables - 0.4%
|
|||
Neinor Homes SA (a)(c)(d)
|
163,100
|
2,830,643
|
|
Financials - 2.1%
|
|||
Banks - 2.1%
|
|||
Banco Santander SA (d)
|
910,900
|
6,379,286
|
|
CaixaBank SA (d)
|
1,201,100
|
9,205,477
|
|
15,584,763
|
|||
TOTAL SPAIN
|
18,415,406
|
||
SWEDEN - 5.4%
|
|||
Communication Services - 0.8%
|
|||
Interactive Media & Services - 0.8%
|
|||
Hemnet Group AB (b)
|
167,700
|
5,742,972
|
|
Consumer Discretionary - 0.6%
|
|||
Specialty Retail - 0.6%
|
|||
Haypp Group AB (b)
|
399,824
|
4,211,069
|
|
Financials - 1.8%
|
|||
Capital Markets - 0.8%
|
|||
EQT AB
|
122,200
|
3,512,199
|
|
Nordnet AB
|
113,400
|
2,980,042
|
|
6,492,241
|
|||
Financial Services - 1.0%
|
|||
Investor AB B Shares
|
238,100
|
7,028,083
|
|
TOTAL FINANCIALS
|
13,520,324
|
||
Industrials - 1.7%
|
|||
Aerospace & Defense - 0.8%
|
|||
Saab AB B Shares
|
123,000
|
5,727,436
|
|
Machinery - 0.9%
|
|||
Indutrade AB
|
244,600
|
6,599,936
|
|
TOTAL INDUSTRIALS
|
12,327,372
|
||
Information Technology - 0.5%
|
|||
Electronic Equipment, Instruments & Components - 0.5%
|
|||
Hexagon AB B Shares
|
375,100
|
3,650,686
|
|
Software - 0.0%
|
|||
Kry International Ab (b)(e)(f)
|
18,879
|
372,349
|
|
TOTAL INFORMATION TECHNOLOGY
|
4,023,035
|
||
TOTAL SWEDEN
|
39,824,772
|
||
SWITZERLAND - 3.3%
|
|||
Consumer Discretionary - 1.1%
|
|||
Textiles, Apparel & Luxury Goods - 1.1%
|
|||
Cie Financiere Richemont SA Series A
|
47,660
|
8,421,771
|
|
Financials - 1.1%
|
|||
Capital Markets - 1.1%
|
|||
UBS Group AG
|
261,780
|
7,894,474
|
|
Health Care - 0.6%
|
|||
Pharmaceuticals - 0.6%
|
|||
Galderma Group AG
|
38,780
|
4,505,970
|
|
Materials - 0.5%
|
|||
Chemicals - 0.5%
|
|||
Sika AG
|
14,050
|
3,511,201
|
|
TOTAL SWITZERLAND
|
24,333,416
|
||
TAIWAN - 0.7%
|
|||
Information Technology - 0.7%
|
|||
Semiconductors & Semiconductor Equipment - 0.7%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
31,800
|
5,300,742
|
|
UNITED KINGDOM - 23.6%
|
|||
Communication Services - 1.1%
|
|||
Diversified Telecommunication Services - 1.1%
|
|||
Zegona Communications plc (b)
|
932,800
|
8,403,644
|
|
Consumer Discretionary - 3.7%
|
|||
Hotels, Restaurants & Leisure - 3.2%
|
|||
Compass Group PLC
|
304,507
|
10,266,400
|
|
Deliveroo PLC Class A (a)(b)(c)
|
2,477,800
|
5,630,190
|
|
Flutter Entertainment PLC (United Kingdom) (b)
|
30,900
|
7,396,005
|
|
23,292,595
|
|||
Leisure Products - 0.5%
|
|||
Games Workshop Group PLC
|
20,649
|
4,240,666
|
|
TOTAL CONSUMER DISCRETIONARY
|
27,533,261
|
||
Consumer Staples - 2.1%
|
|||
Beverages - 0.0%
|
|||
Diageo PLC
|
3,480
|
97,720
|
|
Tobacco - 2.1%
|
|||
British American Tobacco PLC
|
178,000
|
7,753,384
|
|
Imperial Brands PLC
|
178,968
|
7,343,600
|
|
15,096,984
|
|||
TOTAL CONSUMER STAPLES
|
15,194,704
|
||
Financials - 6.7%
|
|||
Banks - 2.1%
|
|||
Lloyds Banking Group PLC
|
8,580,573
|
8,430,227
|
|
NatWest Group PLC
|
1,109,400
|
7,135,979
|
|
15,566,206
|
|||
Capital Markets - 3.3%
|
|||
3i Group PLC
|
143,818
|
8,153,192
|
|
London Stock Exchange Group PLC
|
78,400
|
12,207,784
|
|
St James's Place PLC
|
285,800
|
3,577,278
|
|
23,938,254
|
|||
Financial Services - 0.1%
|
|||
Revolut Group Holdings Ltd (e)(f)
|
1,298
|
978,471
|
|
Insurance - 1.2%
|
|||
Beazley PLC
|
354,600
|
4,179,929
|
|
Hiscox Ltd
|
295,267
|
4,324,591
|
|
8,504,520
|
|||
TOTAL FINANCIALS
|
48,987,451
|
||
Health Care - 3.1%
|
|||
Pharmaceuticals - 3.1%
|
|||
Astrazeneca PLC
|
161,200
|
23,094,595
|
|
Industrials - 4.7%
|
|||
Aerospace & Defense - 2.1%
|
|||
Rolls-Royce Holdings PLC
|
1,547,800
|
15,667,566
|
|
Professional Services - 2.6%
|
|||
RELX PLC
|
340,022
|
18,556,752
|
|
TOTAL INDUSTRIALS
|
34,224,318
|
||
Information Technology - 0.6%
|
|||
Electronic Equipment, Instruments & Components - 0.6%
|
|||
Halma PLC
|
112,645
|
4,137,362
|
|
Oxford Instruments PLC
|
1
|
22
|
|
4,137,384
|
|||
Real Estate - 0.8%
|
|||
Diversified REITs - 0.3%
|
|||
LondonMetric Property PLC
|
899,304
|
2,304,720
|
|
Real Estate Management & Development - 0.3%
|
|||
Grainger PLC
|
776,437
|
2,224,729
|
|
Specialized REITs - 0.2%
|
|||
Safestore Holdings PLC
|
196,090
|
1,645,067
|
|
TOTAL REAL ESTATE
|
6,174,516
|
||
Utilities - 0.8%
|
|||
Multi-Utilities - 0.8%
|
|||
National Grid PLC
|
423,267
|
6,109,480
|
|
TOTAL UNITED KINGDOM
|
173,859,353
|
||
UNITED STATES - 7.6%
|
|||
Communication Services - 1.6%
|
|||
Entertainment - 1.6%
|
|||
Spotify Technology SA (b)
|
18,900
|
11,604,222
|
|
Consumer Staples - 1.9%
|
|||
Food Products - 1.3%
|
|||
Nestle SA
|
88,150
|
9,382,455
|
|
Tobacco - 0.6%
|
|||
Philip Morris International Inc
|
25,200
|
4,318,272
|
|
TOTAL CONSUMER STAPLES
|
13,700,727
|
||
Energy - 2.3%
|
|||
Oil, Gas & Consumable Fuels - 2.3%
|
|||
Shell PLC
|
527,537
|
17,024,539
|
|
Health Care - 1.1%
|
|||
Health Care Equipment & Supplies - 0.6%
|
|||
Alcon AG
|
46,630
|
4,500,570
|
|
Pharmaceuticals - 0.5%
|
|||
Roche Holding AG
|
11,130
|
3,639,360
|
|
TOTAL HEALTH CARE
|
8,139,930
|
||
Industrials - 0.7%
|
|||
Professional Services - 0.7%
|
|||
Experian PLC
|
113,491
|
5,646,295
|
|
TOTAL UNITED STATES
|
56,115,713
|
||
TOTAL COMMON STOCKS
(Cost $538,910,125)
|
715,171,345
|
||
Convertible Preferred Stocks - 0.1%
|
|||
Shares
|
Value ($)
|
||
ESTONIA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Bolt Technology OU Series E (b)(e)(f)
(Cost $1,000,736)
|
3,852
|
749,777
|
|
Money Market Funds - 4.9%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
29,532,906
|
29,538,813
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
6,422,754
|
6,423,396
|
|
TOTAL MONEY MARKET FUNDS
(Cost $35,962,209)
|
35,962,209
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.8%
(Cost $575,873,070)
|
751,883,331
|
NET OTHER ASSETS (LIABILITIES) - (1.8)%
|
(12,946,067)
|
NET ASSETS - 100.0%
|
738,937,264
|
(a)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $33,742,833 or 4.6% of net assets.
|
(b)
|
Non-income producing
|
(c)
|
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 $30,833,142 or 4.2% of net assets.
|
(d)
|
Security or a portion of the security is on loan at period end.
|
(e)
|
Level 3 security
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,100,597 or 0.3% of net assets.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Bolt Technology OU Series E
|
1/03/22
|
1,000,736
|
Kry International Ab
|
5/14/21 - 10/30/24
|
1,248,474
|
Revolut Group Holdings Ltd
|
12/27/24
|
1,128,965
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
10,860,728
|
128,503,371
|
109,825,286
|
281,668
|
-
|
-
|
29,538,813
|
29,532,906
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
1,011,520
|
37,437,156
|
32,025,280
|
13,122
|
-
|
-
|
6,423,396
|
6,422,754
|
0.0%
|
Total
|
11,872,248
|
165,940,527
|
141,850,566
|
294,790
|
-
|
-
|
35,962,209
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
52,367,085
|
35,500,530
|
16,866,555
|
-
|
Consumer Discretionary
|
85,494,266
|
49,423,613
|
36,070,653
|
-
|
Consumer Staples
|
59,178,403
|
15,965,134
|
43,213,269
|
-
|
Energy
|
27,617,404
|
3,241,786
|
24,375,618
|
-
|
Financials
|
174,686,516
|
76,374,248
|
97,333,797
|
978,471
|
Health Care
|
74,509,688
|
43,425,409
|
31,084,279
|
-
|
Industrials
|
127,965,331
|
13,710,382
|
114,254,949
|
-
|
Information Technology
|
73,537,799
|
37,973,709
|
35,191,741
|
372,349
|
Materials
|
27,530,857
|
6,316,772
|
21,214,085
|
-
|
Real Estate
|
6,174,516
|
6,174,516
|
-
|
-
|
Utilities
|
6,109,480
|
-
|
6,109,480
|
-
|
Convertible Preferred Stocks
|
||||
Information Technology
|
749,777
|
-
|
-
|
749,777
|
Money Market Funds
|
35,962,209
|
35,962,209
|
-
|
-
|
Total Investments in Securities:
|
751,883,331
|
324,068,308
|
425,714,426
|
2,100,597
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $5,867,524) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $539,910,861)
|
$
|
715,921,122
|
||
Fidelity Central Funds (cost $35,962,209)
|
35,962,209
|
|||
Total Investment in Securities (cost $575,873,070)
|
$
|
751,883,331
|
||
Cash
|
39,182
|
|||
Foreign currency held at value (cost $73,633)
|
73,401
|
|||
Receivable for investments sold
|
2,694,420
|
|||
Receivable for fund shares sold
|
2,253,475
|
|||
Dividends receivable
|
1,480,711
|
|||
Reclaims receivable
|
4,944,252
|
|||
Distributions receivable from Fidelity Central Funds
|
88,771
|
|||
Prepaid expenses
|
184
|
|||
Total assets
|
763,457,727
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
16,403,180
|
||
Payable for fund shares redeemed
|
1,110,881
|
|||
Accrued management fee
|
424,969
|
|||
Distribution and service plan fees payable
|
8,008
|
|||
Other payables and accrued expenses
|
150,028
|
|||
Collateral on securities loaned
|
6,423,397
|
|||
Total liabilities
|
24,520,463
|
|||
Net Assets
|
$
|
738,937,264
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
633,906,643
|
||
Total accumulated earnings (loss)
|
105,030,621
|
|||
Net Assets
|
$
|
738,937,264
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($21,103,263 ÷ 522,349 shares)(a)
|
$
|
40.40
|
||
Maximum offering price per share (100/94.25 of $40.40)
|
$
|
42.86
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($5,906,202 ÷ 145,933 shares)(a)
|
$
|
40.47
|
||
Maximum offering price per share (100/96.50 of $40.47)
|
$
|
41.94
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($2,309,561 ÷ 57,542 shares)(a)
|
$
|
40.14
|
||
Europe :
|
||||
Net Asset Value, offering price and redemption price per share ($701,580,339 ÷ 17,362,620 shares)
|
$
|
40.41
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($5,150,006 ÷ 127,233 shares)
|
$
|
40.48
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($2,887,893 ÷ 71,718 shares)
|
$
|
40.27
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
7,744,870
|
||
Foreign Tax Reclaims
|
1,215,742
|
|||
Income from Fidelity Central Funds (including $13,122 from security lending)
|
294,790
|
|||
Income before foreign taxes withheld
|
$
|
9,255,402
|
||
Less foreign taxes withheld
|
(795,108)
|
|||
Total income
|
8,460,294
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
2,503,602
|
||
Performance adjustment
|
(466,780)
|
|||
Distribution and service plan fees
|
42,024
|
|||
Custodian fees and expenses
|
17,179
|
|||
Independent trustees' fees and expenses
|
1,283
|
|||
Registration fees
|
77,885
|
|||
Audit fees
|
42,940
|
|||
Legal
|
568
|
|||
Miscellaneous
|
1,018
|
|||
Total expenses
|
2,219,719
|
|||
Net Investment income (loss)
|
6,240,575
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
15,028,787
|
|||
Foreign currency transactions
|
85,095
|
|||
Total net realized gain (loss)
|
15,113,882
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
56,344,193
|
|||
Assets and liabilities in foreign currencies
|
219,946
|
|||
Total change in net unrealized appreciation (depreciation)
|
56,564,139
|
|||
Net gain (loss)
|
71,678,021
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
77,918,596
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
6,240,575
|
$
|
10,582,501
|
Net realized gain (loss)
|
15,113,882
|
15,962,392
|
||
Change in net unrealized appreciation (depreciation)
|
56,564,139
|
91,497,418
|
||
Net increase (decrease) in net assets resulting from operations
|
77,918,596
|
118,042,311
|
||
Distributions to shareholders
|
(17,620,668)
|
(9,697,062)
|
||
Share transactions - net increase (decrease)
|
97,967,311
|
(75,309,165)
|
||
Total increase (decrease) in net assets
|
158,265,239
|
33,036,084
|
||
Net Assets
|
||||
Beginning of period
|
580,672,025
|
547,635,941
|
||
End of period
|
$
|
738,937,264
|
$
|
580,672,025
|
Fidelity Advisor® Europe Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
36.65
|
$
|
30.50
|
$
|
27.58
|
$
|
46.12
|
$
|
35.37
|
$
|
36.30
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.33
|
.53
|
.46
|
.47
|
.41
|
.19
|
||||||
Net realized and unrealized gain (loss)
|
4.45 C
|
6.05
|
2.46
|
(12.91)
|
10.72
|
1.46
|
||||||
Total from investment operations
|
4.78
|
6.58
|
2.92
|
(12.44)
|
11.13
|
1.65
|
||||||
Distributions from net investment income
|
(1.03)
|
(.43)
|
-
|
(.99)
|
(.38)
|
(1.50)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(5.12)
|
-
|
(1.08)
|
||||||
Total distributions
|
(1.03)
|
(.43)
|
-
|
(6.10) D
|
(.38)
|
(2.58)
|
||||||
Net asset value, end of period
|
$
|
40.40
|
$
|
36.65
|
$
|
30.50
|
$
|
27.58
|
$
|
46.12
|
$
|
35.37
|
Total Return E,F,G
|
13.40 % C |
21.73%
|
10.59%
|
(30.29)%
|
31.60%
|
4.62%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.00% J
|
.93%
|
1.02%
|
1.18%
|
1.36%
|
1.34%
|
||||||
Expenses net of fee waivers, if any
|
1.00 % J |
.93%
|
1.01%
|
1.18%
|
1.36%
|
1.34%
|
||||||
Expenses net of all reductions, if any
|
1.00% J
|
.93%
|
1.01%
|
1.18%
|
1.36%
|
1.33%
|
||||||
Net investment income (loss)
|
1.77% J
|
1.47%
|
1.43%
|
1.42%
|
.92%
|
.56%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
21,103
|
$
|
15,852
|
$
|
15,325
|
$
|
16,495
|
$
|
32,148
|
$
|
23,189
|
Portfolio turnover rate K
|
42 % J |
31%
|
37%
|
55%
|
52%
|
39%
|
Fidelity Advisor® Europe Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
36.66
|
$
|
30.50
|
$
|
27.65
|
$
|
46.18
|
$
|
35.42
|
$
|
36.32
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.28
|
.44
|
.38
|
.37
|
.27
|
.09
|
||||||
Net realized and unrealized gain (loss)
|
4.47 C
|
6.05
|
2.47
|
(12.95)
|
10.75
|
1.45
|
||||||
Total from investment operations
|
4.75
|
6.49
|
2.85
|
(12.58)
|
11.02
|
1.54
|
||||||
Distributions from net investment income
|
(.94)
|
(.33)
|
-
|
(.83)
|
(.26)
|
(1.36)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(5.12)
|
-
|
(1.08)
|
||||||
Total distributions
|
(.94)
|
(.33)
|
-
|
(5.95)
|
(.26)
|
(2.44)
|
||||||
Net asset value, end of period
|
$
|
40.47
|
$
|
36.66
|
$
|
30.50
|
$
|
27.65
|
$
|
46.18
|
$
|
35.42
|
Total Return D,E,F
|
13.28 % C |
21.39%
|
10.31%
|
(30.51)%
|
31.20%
|
4.30%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.25% I
|
1.19%
|
1.29%
|
1.49%
|
1.68%
|
1.65%
|
||||||
Expenses net of fee waivers, if any
|
1.25 % I |
1.19%
|
1.28%
|
1.48%
|
1.68%
|
1.65%
|
||||||
Expenses net of all reductions, if any
|
1.25% I
|
1.19%
|
1.28%
|
1.48%
|
1.68%
|
1.64%
|
||||||
Net investment income (loss)
|
1.52% I
|
1.21%
|
1.16%
|
1.12%
|
.59%
|
.25%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
5,906
|
$
|
4,665
|
$
|
4,248
|
$
|
4,066
|
$
|
6,937
|
$
|
5,204
|
Portfolio turnover rate J
|
42 % I |
31%
|
37%
|
55%
|
52%
|
39%
|
Fidelity Advisor® Europe Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
36.19
|
$
|
30.03
|
$
|
27.36
|
$
|
45.63
|
$
|
35.01
|
$
|
35.87
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.19
|
.26
|
.21
|
.21
|
.04
|
(.09)
|
||||||
Net realized and unrealized gain (loss)
|
4.43 C
|
5.98
|
2.46
|
(12.84)
|
10.64
|
1.45
|
||||||
Total from investment operations
|
4.62
|
6.24
|
2.67
|
(12.63)
|
10.68
|
1.36
|
||||||
Distributions from net investment income
|
(.67)
|
(.08)
|
-
|
(.52)
|
(.06)
|
(1.14)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(5.12)
|
-
|
(1.08)
|
||||||
Total distributions
|
(.67)
|
(.08)
|
-
|
(5.64)
|
(.06)
|
(2.22)
|
||||||
Net asset value, end of period
|
$
|
40.14
|
$
|
36.19
|
$
|
30.03
|
$
|
27.36
|
$
|
45.63
|
$
|
35.01
|
Total Return D,E,F
|
12.99 % C |
20.80%
|
9.76%
|
(30.85)%
|
30.53%
|
3.81%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.75% I
|
1.67%
|
1.79%
|
1.99%
|
2.19%
|
2.15%
|
||||||
Expenses net of fee waivers, if any
|
1.75 % I |
1.67%
|
1.78%
|
1.98%
|
2.18%
|
2.15%
|
||||||
Expenses net of all reductions, if any
|
1.75% I
|
1.67%
|
1.78%
|
1.98%
|
2.18%
|
2.14%
|
||||||
Net investment income (loss)
|
1.02% I
|
.73%
|
.65%
|
.62%
|
.09%
|
(.25)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,310
|
$
|
1,601
|
$
|
2,025
|
$
|
2,496
|
$
|
5,255
|
$
|
5,242
|
Portfolio turnover rate J
|
42 % I |
31%
|
37%
|
55%
|
52%
|
39%
|
Fidelity® Europe Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
36.71
|
$
|
30.58
|
$
|
27.57
|
$
|
46.11
|
$
|
35.35
|
$
|
36.28
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.38
|
.64
|
.57
|
.57
|
.54
|
.30
|
||||||
Net realized and unrealized gain (loss)
|
4.46 C
|
6.05
|
2.44
|
(12.88)
|
10.71
|
1.46
|
||||||
Total from investment operations
|
4.84
|
6.69
|
3.01
|
(12.31)
|
11.25
|
1.76
|
||||||
Distributions from net investment income
|
(1.14)
|
(.56)
|
-
|
(1.11)
|
(.49)
|
(1.61)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(5.12)
|
-
|
(1.08)
|
||||||
Total distributions
|
(1.14)
|
(.56)
|
-
|
(6.23)
|
(.49)
|
(2.69)
|
||||||
Net asset value, end of period
|
$
|
40.41
|
$
|
36.71
|
$
|
30.58
|
$
|
27.57
|
$
|
46.11
|
$
|
35.35
|
Total Return D,E
|
13.59 % C |
22.07%
|
10.92%
|
(30.07)%
|
31.99%
|
4.95%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.71% H
|
.65%
|
.70%
|
.88%
|
1.06%
|
1.03%
|
||||||
Expenses net of fee waivers, if any
|
.71 % H |
.64%
|
.69%
|
.88%
|
1.06%
|
1.03%
|
||||||
Expenses net of all reductions, if any
|
.71% H
|
.64%
|
.69%
|
.88%
|
1.06%
|
1.02%
|
||||||
Net investment income (loss)
|
2.06% H
|
1.76%
|
1.75%
|
1.73%
|
1.21%
|
.86%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
701,580
|
$
|
552,467
|
$
|
519,010
|
$
|
523,685
|
$
|
913,296
|
$
|
755,125
|
Portfolio turnover rate I
|
42 % H |
31%
|
37%
|
55%
|
52%
|
39%
|
Fidelity Advisor® Europe Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
36.71
|
$
|
30.58
|
$
|
27.56
|
$
|
46.07
|
$
|
35.34
|
$
|
36.27
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.38
|
.64
|
.57
|
.60
|
.54
|
.31
|
||||||
Net realized and unrealized gain (loss)
|
4.46 C
|
6.05
|
2.45
|
(12.91)
|
10.70
|
1.46
|
||||||
Total from investment operations
|
4.84
|
6.69
|
3.02
|
(12.31)
|
11.24
|
1.77
|
||||||
Distributions from net investment income
|
(1.07)
|
(.56)
|
-
|
(1.08)
|
(.51)
|
(1.62)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(5.12)
|
-
|
(1.08)
|
||||||
Total distributions
|
(1.07)
|
(.56)
|
-
|
(6.20)
|
(.51)
|
(2.70)
|
||||||
Net asset value, end of period
|
$
|
40.48
|
$
|
36.71
|
$
|
30.58
|
$
|
27.56
|
$
|
46.07
|
$
|
35.34
|
Total Return D,E
|
13.58 % C |
22.09%
|
10.96%
|
(30.08)%
|
31.99%
|
4.99%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.72% H
|
.62%
|
.68%
|
.86%
|
1.06%
|
1.00%
|
||||||
Expenses net of fee waivers, if any
|
.72 % H |
.61%
|
.67%
|
.86%
|
1.06%
|
1.00%
|
||||||
Expenses net of all reductions, if any
|
.72% H
|
.61%
|
.67%
|
.86%
|
1.06%
|
.99%
|
||||||
Net investment income (loss)
|
2.06% H
|
1.79%
|
1.77%
|
1.74%
|
1.22%
|
.90%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
5,150
|
$
|
3,011
|
$
|
4,806
|
$
|
4,283
|
$
|
14,401
|
$
|
14,733
|
Portfolio turnover rate I
|
42 % H |
31%
|
37%
|
55%
|
52%
|
39%
|
Fidelity Advisor® Europe Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
36.63
|
$
|
30.53
|
$
|
27.48
|
$
|
46.00
|
$
|
35.27
|
$
|
36.21
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.40
|
.67
|
.61
|
.62
|
.59
|
.34
|
||||||
Net realized and unrealized gain (loss)
|
4.44 C
|
6.04
|
2.44
|
(12.86)
|
10.67
|
1.47
|
||||||
Total from investment operations
|
4.84
|
6.71
|
3.05
|
(12.24)
|
11.26
|
1.81
|
||||||
Distributions from net investment income
|
(1.20)
|
(.61)
|
-
|
(1.17)
|
(.53)
|
(1.67)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(5.12)
|
-
|
(1.08)
|
||||||
Total distributions
|
(1.20)
|
(.61)
|
-
|
(6.28) D
|
(.53)
|
(2.75)
|
||||||
Net asset value, end of period
|
$
|
40.27
|
$
|
36.63
|
$
|
30.53
|
$
|
27.48
|
$
|
46.00
|
$
|
35.27
|
Total Return E,F
|
13.65 % C |
22.20%
|
11.10%
|
(30.00)%
|
32.13%
|
5.11%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.61% I
|
.55%
|
.57%
|
.76%
|
.95%
|
.91%
|
||||||
Expenses net of fee waivers, if any
|
.61 % I |
.54%
|
.56%
|
.75%
|
.95%
|
.90%
|
||||||
Expenses net of all reductions, if any
|
.61% I
|
.54%
|
.56%
|
.75%
|
.95%
|
.90%
|
||||||
Net investment income (loss)
|
2.16% I
|
1.86%
|
1.87%
|
1.85%
|
1.33%
|
.99%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,888
|
$
|
3,076
|
$
|
2,222
|
$
|
1,461
|
$
|
28,249
|
$
|
19,479
|
Portfolio turnover rate J
|
42 % I |
31%
|
37%
|
55%
|
52%
|
39%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$188,163,030
|
Gross unrealized depreciation
|
(16,935,424)
|
Net unrealized appreciation (depreciation)
|
$171,227,606
|
Tax cost
|
$580,655,725
|
Short-term
|
$(58,515,557)
|
Long-term
|
(27,975,205)
|
Total capital loss carryforward
|
$(86,490,762)
|
Equity Risk
|
Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Europe Fund
|
210,697,193
|
126,399,331
|
Maximum Management Fee Rate %
|
|
Class A
|
.88
|
Class M
|
.88
|
Class C
|
.88
|
Europe
|
.84
|
Class I
|
.83
|
Class Z
|
.72
|
Total Management Fee Rate %
|
|
Class A
|
.86
|
Class M
|
.86
|
Class C
|
.86
|
Europe
|
.82
|
Class I
|
.83
|
Class Z
|
.72
|
Performance Adjustment Index
|
|
Fidelity Europe Fund
|
MSCI Europe Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
-%
|
.25%
|
21,000
|
448
|
Class M
|
.25%
|
.25%
|
12,476
|
186
|
Class C
|
.75%
|
.25%
|
8,548
|
727
|
42,024
|
1,361
|
Retained by FDC ($)
|
|
Class A
|
2,118
|
Class M
|
163
|
Class CA
|
30
|
2,311
|
Amount ($)
|
|
Fidelity Europe Fund
|
80
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Europe Fund
|
1,855,594
|
5,934,845
|
(20,598)
|
Amount ($)
|
|
Fidelity Europe Fund
|
465
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Europe Fund
|
1,120
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Europe Fund
|
||
Distributions to shareholders
|
||
Class A
|
$439,342
|
$214,383
|
Class M
|
119,110
|
44,641
|
Class C
|
28,833
|
5,044
|
Europe
|
16,851,586
|
9,309,343
|
Class I
|
88,150
|
81,789
|
Class Z
|
93,647
|
41,862
|
Total
|
$17,620,668
|
$9,697,062
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Europe Fund
|
||||
Class A
|
||||
Shares sold
|
162,082
|
21,452
|
$6,380,549
|
$775,929
|
Reinvestment of distributions
|
12,218
|
6,443
|
436,804
|
213,141
|
Shares redeemed
|
(84,487)
|
(97,780)
|
(3,151,014)
|
(3,489,488)
|
Net increase (decrease)
|
89,813
|
(69,885)
|
$3,666,339
|
$(2,500,418)
|
Class M
|
||||
Shares sold
|
24,936
|
3,801
|
$975,730
|
$136,486
|
Reinvestment of distributions
|
3,192
|
1,296
|
114,398
|
42,989
|
Shares redeemed
|
(9,432)
|
(17,130)
|
(347,332)
|
(618,152)
|
Net increase (decrease)
|
18,696
|
(12,033)
|
$742,796
|
$(438,677)
|
Class C
|
||||
Shares sold
|
16,185
|
2,160
|
$620,434
|
$77,699
|
Reinvestment of distributions
|
805
|
153
|
28,650
|
5,024
|
Shares redeemed
|
(3,694)
|
(25,492)
|
(137,970)
|
(901,511)
|
Net increase (decrease)
|
13,296
|
(23,179)
|
$511,114
|
$(818,788)
|
Europe
|
||||
Shares sold
|
3,785,596
|
633,047
|
$146,945,852
|
$22,875,346
|
Reinvestment of distributions
|
432,120
|
259,528
|
15,431,021
|
8,577,392
|
Shares redeemed
|
(1,903,932)
|
(2,815,218)
|
(70,640,054)
|
(100,700,066)
|
Net increase (decrease)
|
2,313,784
|
(1,922,643)
|
$91,736,819
|
$(69,247,328)
|
Class I
|
||||
Shares sold
|
115,516
|
13,511
|
$4,464,164
|
$485,051
|
Reinvestment of distributions
|
2,344
|
1,869
|
83,882
|
61,781
|
Shares redeemed
|
(72,644)
|
(90,511)
|
(2,782,720)
|
(3,281,012)
|
Net increase (decrease)
|
45,216
|
(75,131)
|
$1,765,326
|
$(2,734,180)
|
Class Z
|
||||
Shares sold
|
8,047
|
28,495
|
$300,252
|
$1,050,990
|
Reinvestment of distributions
|
1,904
|
865
|
67,744
|
28,496
|
Shares redeemed
|
(22,205)
|
(18,170)
|
(823,079)
|
(649,260)
|
Net increase (decrease)
|
(12,254)
|
11,190
|
$(455,083)
|
$430,226
|
Common Stocks - 97.4%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.2%
|
|||
Consumer Discretionary - 0.2%
|
|||
Household Durables - 0.2%
|
|||
Chervon Holdings Ltd
|
1,163,900
|
1,950,939
|
|
JAPAN - 96.7%
|
|||
Communication Services - 6.8%
|
|||
Entertainment - 3.4%
|
|||
Daiichikosho Co Ltd
|
344,300
|
4,019,000
|
|
Nintendo Co Ltd
|
241,900
|
20,082,540
|
|
24,101,540
|
|||
Interactive Media & Services - 1.9%
|
|||
Kakaku.com Inc
|
389,000
|
6,883,271
|
|
LY Corp
|
1,807,400
|
6,835,627
|
|
13,718,898
|
|||
Wireless Telecommunication Services - 1.5%
|
|||
SoftBank Group Corp
|
213,900
|
10,816,850
|
|
TOTAL COMMUNICATION SERVICES
|
48,637,288
|
||
Consumer Discretionary - 11.4%
|
|||
Automobile Components - 1.0%
|
|||
Denso Corp
|
541,500
|
6,991,815
|
|
Automobiles - 0.6%
|
|||
Suzuki Motor Corp
|
367,600
|
4,405,196
|
|
Broadline Retail - 1.3%
|
|||
Pan Pacific International Holdings Corp
|
290,200
|
8,950,776
|
|
Hotels, Restaurants & Leisure - 1.9%
|
|||
Curves Holdings Co Ltd
|
975,000
|
4,677,927
|
|
Kyoritsu Maintenance Co Ltd
|
419,600
|
8,859,787
|
|
13,537,714
|
|||
Household Durables - 6.2%
|
|||
Open House Group Co Ltd
|
179,700
|
7,940,584
|
|
Sony Group Corp
|
1,359,600
|
35,870,052
|
|
43,810,636
|
|||
Leisure Products - 0.4%
|
|||
Roland Corp
|
145,600
|
3,222,996
|
|
TOTAL CONSUMER DISCRETIONARY
|
80,919,133
|
||
Consumer Staples - 2.5%
|
|||
Consumer Staples Distribution & Retail - 1.0%
|
|||
Seven & i Holdings Co Ltd
|
269,500
|
3,967,208
|
|
Welcia Holdings Co Ltd
|
142,300
|
2,505,527
|
|
6,472,735
|
|||
Food Products - 0.7%
|
|||
Ajinomoto Co Inc
|
254,200
|
5,199,429
|
|
Personal Care Products - 0.8%
|
|||
Rohto Pharmaceutical Co Ltd
|
361,800
|
6,035,061
|
|
TOTAL CONSUMER STAPLES
|
17,707,225
|
||
Energy - 1.0%
|
|||
Oil, Gas & Consumable Fuels - 1.0%
|
|||
ENEOS Holdings Inc
|
840,400
|
4,045,879
|
|
Inpex Corp
|
265,800
|
3,325,024
|
|
7,370,903
|
|||
Financials - 15.1%
|
|||
Banks - 7.7%
|
|||
Mizuho Financial Group Inc
|
361,700
|
9,043,453
|
|
Sumitomo Mitsui Financial Group Inc
|
1,903,600
|
45,414,592
|
|
54,458,045
|
|||
Capital Markets - 1.0%
|
|||
Integral Corp (a)
|
110,800
|
2,103,170
|
|
SBI Holdings Inc
|
179,900
|
4,704,477
|
|
6,807,647
|
|||
Financial Services - 2.8%
|
|||
ORIX Corp
|
1,004,900
|
20,158,325
|
|
Insurance - 3.6%
|
|||
LIFENET INSURANCE CO (a)(b)
|
406,600
|
5,090,320
|
|
Tokio Marine Holdings Inc
|
517,300
|
20,734,613
|
|
25,824,933
|
|||
TOTAL FINANCIALS
|
107,248,950
|
||
Health Care - 5.5%
|
|||
Health Care Equipment & Supplies - 2.9%
|
|||
Hoya Corp
|
168,600
|
19,838,519
|
|
Health Care Providers & Services - 0.4%
|
|||
CUC Inc (b)
|
302,100
|
2,370,655
|
|
EUCALIA Inc (a)
|
93,500
|
672,247
|
|
3,042,902
|
|||
Pharmaceuticals - 2.2%
|
|||
Daiichi Sankyo Co Ltd
|
621,300
|
15,893,246
|
|
TOTAL HEALTH CARE
|
38,774,667
|
||
Industrials - 27.9%
|
|||
Construction & Engineering - 1.0%
|
|||
Taisei Corp
|
132,600
|
7,189,838
|
|
Electrical Equipment - 2.0%
|
|||
Fuji Electric Co Ltd
|
144,400
|
6,421,000
|
|
NIDEC CORP
|
444,900
|
7,906,467
|
|
14,327,467
|
|||
Industrial Conglomerates - 4.8%
|
|||
Hitachi Ltd
|
1,368,100
|
33,813,296
|
|
Machinery - 11.2%
|
|||
Ebara Corp
|
481,800
|
7,237,501
|
|
Hoshizaki Corp
|
128,000
|
5,435,837
|
|
IHI Corp
|
189,700
|
14,859,614
|
|
Japan Steel Works Ltd/The
|
121,900
|
5,022,908
|
|
Kawasaki Heavy Industries Ltd
|
105,200
|
6,275,358
|
|
MISUMI Group Inc
|
366,160
|
5,129,632
|
|
Mitsubishi Heavy Industries Ltd
|
699,000
|
13,779,280
|
|
Nabtesco Corp
|
155,900
|
2,340,463
|
|
Organo Corp
|
99,900
|
4,744,167
|
|
SMC Corp
|
27,400
|
8,867,761
|
|
Toyota Industries Corp
|
45,200
|
5,298,307
|
|
78,990,828
|
|||
Professional Services - 7.1%
|
|||
BayCurrent Inc
|
164,400
|
8,858,465
|
|
Funai Soken Holdings Inc
|
250,200
|
3,989,761
|
|
Gakujo Co Ltd (a)
|
202,100
|
2,354,865
|
|
Persol Holdings Co Ltd
|
6,714,800
|
12,111,812
|
|
SIGMAXYZ Holdings Inc
|
583,400
|
4,247,583
|
|
SMS Co Ltd
|
238,300
|
2,210,833
|
|
TechnoPro Holdings Inc
|
466,900
|
10,505,087
|
|
Visional Inc (b)
|
97,100
|
5,872,995
|
|
50,151,401
|
|||
Trading Companies & Distributors - 1.8%
|
|||
ITOCHU Corp
|
253,000
|
12,939,164
|
|
TOTAL INDUSTRIALS
|
197,411,994
|
||
Information Technology - 19.0%
|
|||
Electronic Equipment, Instruments & Components - 4.1%
|
|||
Daiwabo Holdings Co Ltd
|
201,100
|
3,401,597
|
|
Dexerials Corp
|
665,000
|
7,785,775
|
|
Furuya Metal Co Ltd
|
15,600
|
279,639
|
|
Hamamatsu Photonics KK (a)
|
371,600
|
3,431,933
|
|
Ibiden Co Ltd
|
261,800
|
7,236,212
|
|
Jeol Ltd
|
93,400
|
2,995,750
|
|
Taiyo Yuden Co Ltd (a)
|
269,700
|
4,067,686
|
|
29,198,592
|
|||
IT Services - 7.6%
|
|||
DTS Corp
|
185,100
|
5,262,495
|
|
ExaWizards Inc (a)(b)
|
774,300
|
1,727,526
|
|
Fujitsu Ltd
|
925,000
|
20,549,303
|
|
NEC Corp
|
455,800
|
11,095,460
|
|
NSD Co Ltd
|
373,400
|
8,772,210
|
|
TechMatrix Corp
|
407,600
|
5,801,273
|
|
53,208,267
|
|||
Semiconductors & Semiconductor Equipment - 3.6%
|
|||
Advantest Corp
|
135,900
|
5,685,506
|
|
Renesas Electronics Corp
|
1,415,800
|
16,614,787
|
|
Rohm Co Ltd (a)
|
336,400
|
3,052,727
|
|
25,353,020
|
|||
Software - 1.2%
|
|||
Appier Group Inc
|
152,800
|
1,344,400
|
|
Money Forward Inc (b)
|
250,800
|
7,488,217
|
|
8,832,617
|
|||
Technology Hardware, Storage & Peripherals - 2.5%
|
|||
FUJIFILM Holdings Corp
|
884,200
|
18,110,528
|
|
TOTAL INFORMATION TECHNOLOGY
|
134,703,024
|
||
Materials - 6.4%
|
|||
Chemicals - 6.4%
|
|||
Kansai Paint Co Ltd
|
133,900
|
2,013,463
|
|
Kuraray Co Ltd
|
363,500
|
4,246,222
|
|
Mitsui Chemicals Inc
|
210,000
|
4,614,692
|
|
NOF Corp
|
335,700
|
5,036,204
|
|
Resonac Holdings Corp
|
240,200
|
4,368,750
|
|
Shin-Etsu Chemical Co Ltd
|
620,800
|
18,891,871
|
|
Tokyo Ohka Kogyo Co Ltd
|
213,300
|
4,679,830
|
|
Toyo Gosei Co Ltd (a)
|
57,900
|
1,949,843
|
|
45,800,875
|
|||
Real Estate - 1.1%
|
|||
Real Estate Management & Development - 1.1%
|
|||
Relo Group Inc
|
612,000
|
8,051,280
|
|
TOTAL JAPAN
|
686,625,339
|
||
UNITED STATES - 0.5%
|
|||
Industrials - 0.5%
|
|||
Aerospace & Defense - 0.5%
|
|||
Space Exploration Technologies Corp (b)(c)(d)
|
18,055
|
3,340,175
|
|
TOTAL COMMON STOCKS
(Cost $518,731,845)
|
691,916,453
|
||
Money Market Funds - 2.5%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (e)
|
4.33
|
1,015,607
|
1,015,810
|
|
Fidelity Securities Lending Cash Central Fund (e)(f)
|
4.33
|
16,736,985
|
16,738,659
|
|
TOTAL MONEY MARKET FUNDS
(Cost $17,754,469)
|
17,754,469
|
|||
TOTAL INVESTMENT IN SECURITIES - 99.9%
(Cost $536,486,314)
|
709,670,922
|
NET OTHER ASSETS (LIABILITIES) - 0.1%
|
667,543
|
NET ASSETS - 100.0%
|
710,338,465
|
(a)
|
Security or a portion of the security is on loan at period end.
|
(b)
|
Non-income producing
|
(c)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $3,340,175 or 0.5% of net assets.
|
(d)
|
Level 3 security
|
(e)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(f)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Space Exploration Technologies Corp
|
2/16/21 - 5/24/22
|
1,151,846
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
566,579
|
15,492,419
|
15,043,188
|
18,366
|
-
|
-
|
1,015,810
|
1,015,607
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
13,013,849
|
99,268,262
|
95,543,452
|
85,902
|
-
|
-
|
16,738,659
|
16,736,985
|
0.1%
|
Total
|
13,580,428
|
114,760,681
|
110,586,640
|
104,268
|
-
|
-
|
17,754,469
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
48,637,288
|
10,902,271
|
37,735,017
|
-
|
Consumer Discretionary
|
82,870,072
|
35,603,009
|
47,267,063
|
-
|
Consumer Staples
|
17,707,225
|
8,540,588
|
9,166,637
|
-
|
Energy
|
7,370,903
|
-
|
7,370,903
|
-
|
Financials
|
107,248,950
|
11,897,967
|
95,350,983
|
-
|
Health Care
|
38,774,667
|
3,042,902
|
35,731,765
|
-
|
Industrials
|
200,752,169
|
59,111,710
|
138,300,284
|
3,340,175
|
Information Technology
|
134,703,024
|
58,579,754
|
76,123,270
|
-
|
Materials
|
45,800,875
|
13,679,340
|
32,121,535
|
-
|
Real Estate
|
8,051,280
|
8,051,280
|
-
|
-
|
Money Market Funds
|
17,754,469
|
17,754,469
|
-
|
-
|
Total Investments in Securities:
|
709,670,922
|
227,163,290
|
479,167,457
|
3,340,175
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $15,771,394) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $518,731,845)
|
$
|
691,916,453
|
||
Fidelity Central Funds (cost $17,754,469)
|
17,754,469
|
|||
Total Investment in Securities (cost $536,486,314)
|
$
|
709,670,922
|
||
Foreign currency held at value (cost $11,564,897)
|
11,747,708
|
|||
Receivable for investments sold
|
630,038
|
|||
Receivable for fund shares sold
|
76,310
|
|||
Dividends receivable
|
6,226,011
|
|||
Distributions receivable from Fidelity Central Funds
|
18,989
|
|||
Prepaid expenses
|
204
|
|||
Total assets
|
728,370,182
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
718,940
|
||
Payable for fund shares redeemed
|
208,432
|
|||
Accrued management fee
|
318,015
|
|||
Distribution and service plan fees payable
|
5,846
|
|||
Other payables and accrued expenses
|
41,825
|
|||
Collateral on securities loaned
|
16,738,659
|
|||
Total liabilities
|
18,031,717
|
|||
Net Assets
|
$
|
710,338,465
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
534,446,973
|
||
Total accumulated earnings (loss)
|
175,891,492
|
|||
Net Assets
|
$
|
710,338,465
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($16,859,748 ÷ 975,971 shares)(a)
|
$
|
17.27
|
||
Maximum offering price per share (100/94.25 of $17.27)
|
$
|
18.32
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($2,930,169 ÷ 170,917 shares)(a)
|
$
|
17.14
|
||
Maximum offering price per share (100/96.50 of $17.14)
|
$
|
17.76
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($1,773,977 ÷ 105,543 shares)(a)
|
$
|
16.81
|
||
Japan :
|
||||
Net Asset Value, offering price and redemption price per share ($180,337,323 ÷ 10,356,267 shares)
|
$
|
17.41
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($17,241,546 ÷ 977,212 shares)
|
$
|
17.64
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($491,195,702 ÷ 28,291,480 shares)
|
$
|
17.36
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
7,888,466
|
||
Income from Fidelity Central Funds (including $85,902 from security lending)
|
104,268
|
|||
Income before foreign taxes withheld
|
$
|
7,992,734
|
||
Less foreign taxes withheld
|
(788,977)
|
|||
Total income
|
7,203,757
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
2,574,660
|
||
Performance adjustment
|
(576,630)
|
|||
Distribution and service plan fees
|
37,166
|
|||
Custodian fees and expenses
|
17,372
|
|||
Independent trustees' fees and expenses
|
1,503
|
|||
Registration fees
|
65,304
|
|||
Audit fees
|
34,126
|
|||
Legal
|
635
|
|||
Interest
|
2,424
|
|||
Miscellaneous
|
3,702
|
|||
Total expenses
|
2,160,262
|
|||
Net Investment income (loss)
|
5,043,495
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
11,382,738
|
|||
Foreign currency transactions
|
417,583
|
|||
Total net realized gain (loss)
|
11,800,321
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
11,263,335
|
|||
Assets and liabilities in foreign currencies
|
761,151
|
|||
Total change in net unrealized appreciation (depreciation)
|
12,024,486
|
|||
Net gain (loss)
|
23,824,807
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
28,868,302
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
5,043,495
|
$
|
8,373,228
|
Net realized gain (loss)
|
11,800,321
|
16,081,921
|
||
Change in net unrealized appreciation (depreciation)
|
12,024,486
|
113,525,071
|
||
Net increase (decrease) in net assets resulting from operations
|
28,868,302
|
137,980,220
|
||
Distributions to shareholders
|
(32,121,491)
|
(23,847,306)
|
||
Share transactions - net increase (decrease)
|
20,605,568
|
(53,403,809)
|
||
Total increase (decrease) in net assets
|
17,352,379
|
60,729,105
|
||
Net Assets
|
||||
Beginning of period
|
692,986,086
|
632,256,981
|
||
End of period
|
$
|
710,338,465
|
$
|
692,986,086
|
Fidelity Advisor® Japan Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
17.34
|
$
|
14.56
|
$
|
13.26
|
$
|
20.90
|
$
|
17.50
|
$
|
15.80
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.09
|
.15
|
.11
|
.04
|
.02
|
.05
|
||||||
Net realized and unrealized gain (loss)
|
.58
|
3.18
|
1.19
|
(5.58)
|
3.71
|
1.81
|
||||||
Total from investment operations
|
.67
|
3.33
|
1.30
|
(5.54)
|
3.73
|
1.86
|
||||||
Distributions from net investment income
|
(.38)
|
(.09)
|
-
|
(.55)
|
(.07)
|
(.07)
|
||||||
Distributions from net realized gain
|
(.37)
|
(.46)
|
-
|
(1.55)
|
(.25)
|
(.09)
|
||||||
Total distributions
|
(.74) C
|
(.55)
|
-
|
(2.10)
|
(.33) C
|
(.16)
|
||||||
Net asset value, end of period
|
$
|
17.27
|
$
|
17.34
|
$
|
14.56
|
$
|
13.26
|
$
|
20.90
|
$
|
17.50
|
Total Return D,E,F
|
3.99 % |
23.44%
|
9.80%
|
(29.38)%
|
21.42%
|
11.85%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.98% I
|
.97%
|
1.22%
|
1.39%
|
1.38%
|
1.37%
|
||||||
Expenses net of fee waivers, if any
|
.98 % I |
.97%
|
1.22%
|
1.39%
|
1.38%
|
1.37%
|
||||||
Expenses net of all reductions, if any
|
.98% I
|
.97%
|
1.21%
|
1.39%
|
1.38%
|
1.37%
|
||||||
Net investment income (loss)
|
1.13% I
|
.90%
|
.69%
|
.26%
|
.08%
|
.35%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
16,860
|
$
|
16,922
|
$
|
15,764
|
$
|
13,004
|
$
|
20,357
|
$
|
16,181
|
Portfolio turnover rate J
|
31 % I |
21%
|
25%
|
26%
|
31%
|
22%
|
Fidelity Advisor® Japan Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
17.21
|
$
|
14.44
|
$
|
13.19
|
$
|
20.76
|
$
|
17.40
|
$
|
15.71
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.07
|
.11
|
.06
|
(.01)
|
(.05)
|
.01
|
||||||
Net realized and unrealized gain (loss)
|
.58
|
3.16
|
1.19
|
(5.55)
|
3.69
|
1.80
|
||||||
Total from investment operations
|
.65
|
3.27
|
1.25
|
(5.56)
|
3.64
|
1.81
|
||||||
Distributions from net investment income
|
(.35)
|
(.04)
|
-
|
(.46)
|
(.02)
|
(.03)
|
||||||
Distributions from net realized gain
|
(.37)
|
(.46)
|
-
|
(1.55)
|
(.25)
|
(.09)
|
||||||
Total distributions
|
(.72)
|
(.50)
|
-
|
(2.01)
|
(.28) C
|
(.12)
|
||||||
Net asset value, end of period
|
$
|
17.14
|
$
|
17.21
|
$
|
14.44
|
$
|
13.19
|
$
|
20.76
|
$
|
17.40
|
Total Return D,E,F
|
3.87 % |
23.10%
|
9.48%
|
(29.55)%
|
21.00%
|
11.55%
|
||||||
Ratios to Average Net Assets A,G,H
|
||||||||||||
Expenses before reductions
|
1.23% I
|
1.22%
|
1.51%
|
1.69%
|
1.70%
|
1.67%
|
||||||
Expenses net of fee waivers, if any
|
1.23 % I |
1.22%
|
1.50%
|
1.69%
|
1.70%
|
1.67%
|
||||||
Expenses net of all reductions, if any
|
1.23% I
|
1.21%
|
1.49%
|
1.69%
|
1.70%
|
1.67%
|
||||||
Net investment income (loss)
|
.88% I
|
.65%
|
.42%
|
(.04)%
|
(.23)%
|
.04%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,930
|
$
|
2,847
|
$
|
2,354
|
$
|
2,282
|
$
|
3,919
|
$
|
3,728
|
Portfolio turnover rate J
|
31 % I |
21%
|
25%
|
26%
|
31%
|
22%
|
Fidelity Advisor® Japan Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.84
|
$
|
14.17
|
$
|
13.00
|
$
|
20.43
|
$
|
17.17
|
$
|
15.49
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.03
|
.03
|
- C
|
(.07)
|
(.12)
|
(.05)
|
||||||
Net realized and unrealized gain (loss)
|
.57
|
3.10
|
1.17
|
(5.49)
|
3.63
|
1.77
|
||||||
Total from investment operations
|
.60
|
3.13
|
1.17
|
(5.56)
|
3.51
|
1.72
|
||||||
Distributions from net investment income
|
(.26)
|
-
|
-
|
(.33)
|
(.01)
|
-
|
||||||
Distributions from net realized gain
|
(.37)
|
(.46)
|
-
|
(1.55)
|
(.25)
|
(.04)
|
||||||
Total distributions
|
(.63)
|
(.46)
|
-
|
(1.87) D
|
(.25) D
|
(.04)
|
||||||
Net asset value, end of period
|
$
|
16.81
|
$
|
16.84
|
$
|
14.17
|
$
|
13.00
|
$
|
20.43
|
$
|
17.17
|
Total Return E,F,G
|
3.63 % |
22.54%
|
9.00%
|
(29.85)%
|
20.54%
|
11.09%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.73% J
|
1.71%
|
1.94%
|
2.11%
|
2.09%
|
2.06%
|
||||||
Expenses net of fee waivers, if any
|
1.73 % J |
1.70%
|
1.93%
|
2.10%
|
2.09%
|
2.05%
|
||||||
Expenses net of all reductions, if any
|
1.73% J
|
1.70%
|
1.93%
|
2.10%
|
2.09%
|
2.05%
|
||||||
Net investment income (loss)
|
.38% J
|
.16%
|
(.02)%
|
(.46)%
|
(.63)%
|
(.34)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,774
|
$
|
1,967
|
$
|
1,779
|
$
|
2,179
|
$
|
4,778
|
$
|
6,167
|
Portfolio turnover rate K
|
31 % J |
21%
|
25%
|
26%
|
31%
|
22%
|
Fidelity® Japan Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
17.50
|
$
|
14.69
|
$
|
13.35
|
$
|
21.01
|
$
|
17.58
|
$
|
15.86
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.12
|
.20
|
.15
|
.08
|
.08
|
.10
|
||||||
Net realized and unrealized gain (loss)
|
.59
|
3.21
|
1.19
|
(5.60)
|
3.72
|
1.81
|
||||||
Total from investment operations
|
.71
|
3.41
|
1.34
|
(5.52)
|
3.80
|
1.91
|
||||||
Distributions from net investment income
|
(.43)
|
(.14)
|
-
|
(.59)
|
(.11)
|
(.11)
|
||||||
Distributions from net realized gain
|
(.37)
|
(.46)
|
-
|
(1.55)
|
(.25)
|
(.09)
|
||||||
Total distributions
|
(.80)
|
(.60)
|
-
|
(2.14)
|
(.37) C
|
(.19) C
|
||||||
Net asset value, end of period
|
$
|
17.41
|
$
|
17.50
|
$
|
14.69
|
$
|
13.35
|
$
|
21.01
|
$
|
17.58
|
Total Return D,E
|
4.18 % |
23.78%
|
10.04%
|
(29.16)%
|
21.75%
|
12.16%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.69% H
|
.69%
|
.96%
|
1.13%
|
1.09%
|
1.06%
|
||||||
Expenses net of fee waivers, if any
|
.69 % H |
.68%
|
.95%
|
1.12%
|
1.09%
|
1.06%
|
||||||
Expenses net of all reductions, if any
|
.69% H
|
.68%
|
.95%
|
1.12%
|
1.09%
|
1.06%
|
||||||
Net investment income (loss)
|
1.42% H
|
1.18%
|
.96%
|
.52%
|
.37%
|
.65%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
180,337
|
$
|
176,869
|
$
|
149,990
|
$
|
113,015
|
$
|
167,954
|
$
|
274,433
|
Portfolio turnover rate I
|
31 % H |
21%
|
25%
|
26%
|
31%
|
22%
|
Fidelity Advisor® Japan Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
17.64
|
$
|
14.81
|
$
|
13.45
|
$
|
20.97
|
$
|
17.56
|
$
|
15.85
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.12
|
.19
|
.15
|
.09
|
.09
|
.11
|
||||||
Net realized and unrealized gain (loss)
|
.59
|
3.24
|
1.21
|
(5.65)
|
3.71
|
1.81
|
||||||
Total from investment operations
|
.71
|
3.43
|
1.36
|
(5.56)
|
3.80
|
1.92
|
||||||
Distributions from net investment income
|
(.35)
|
(.14)
|
-
|
(.41)
|
(.14)
|
(.12)
|
||||||
Distributions from net realized gain
|
(.37)
|
(.46)
|
-
|
(1.55)
|
(.25)
|
(.09)
|
||||||
Total distributions
|
(.71) C
|
(.60)
|
-
|
(1.96)
|
(.39)
|
(.21)
|
||||||
Net asset value, end of period
|
$
|
17.64
|
$
|
17.64
|
$
|
14.81
|
$
|
13.45
|
$
|
20.97
|
$
|
17.56
|
Total Return D,E
|
4.15 % |
23.73%
|
10.11%
|
(29.15)%
|
21.80%
|
12.20%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.73% H
|
.72%
|
.94%
|
1.09%
|
1.04%
|
1.01%
|
||||||
Expenses net of fee waivers, if any
|
.73 % H |
.72%
|
.94%
|
1.09%
|
1.04%
|
1.01%
|
||||||
Expenses net of all reductions, if any
|
.73% H
|
.72%
|
.94%
|
1.09%
|
1.04%
|
1.00%
|
||||||
Net investment income (loss)
|
1.38% H
|
1.15%
|
.97%
|
.56%
|
.43%
|
.71%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
17,242
|
$
|
18,555
|
$
|
32,712
|
$
|
33,320
|
$
|
48,887
|
$
|
473,859
|
Portfolio turnover rate I
|
31 % H |
21%
|
25%
|
26%
|
31%
|
22%
|
Fidelity Advisor® Japan Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
17.47
|
$
|
14.68
|
$
|
13.31
|
$
|
20.98
|
$
|
17.56
|
$
|
15.84
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.13
|
.22
|
.17
|
.11
|
.10
|
.13
|
||||||
Net realized and unrealized gain (loss)
|
.59
|
3.19
|
1.20
|
(5.59)
|
3.72
|
1.81
|
||||||
Total from investment operations
|
.72
|
3.41
|
1.37
|
(5.48)
|
3.82
|
1.94
|
||||||
Distributions from net investment income
|
(.46)
|
(.16)
|
-
|
(.64)
|
(.15)
|
(.13)
|
||||||
Distributions from net realized gain
|
(.37)
|
(.46)
|
-
|
(1.55)
|
(.25)
|
(.09)
|
||||||
Total distributions
|
(.83)
|
(.62)
|
-
|
(2.19)
|
(.40)
|
(.22)
|
||||||
Net asset value, end of period
|
$
|
17.36
|
$
|
17.47
|
$
|
14.68
|
$
|
13.31
|
$
|
20.98
|
$
|
17.56
|
Total Return C,D
|
4.24 % |
23.87%
|
10.29%
|
(29.07)%
|
21.93%
|
12.36%
|
||||||
Ratios to Average Net Assets A,E,F
|
||||||||||||
Expenses before reductions
|
.59% G
|
.57%
|
.80%
|
.96%
|
.96%
|
.92%
|
||||||
Expenses net of fee waivers, if any
|
.59 % G |
.56%
|
.79%
|
.96%
|
.96%
|
.92%
|
||||||
Expenses net of all reductions, if any
|
.59% G
|
.56%
|
.79%
|
.96%
|
.96%
|
.92%
|
||||||
Net investment income (loss)
|
1.52% G
|
1.30%
|
1.12%
|
.69%
|
.51%
|
.79%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
491,196
|
$
|
475,826
|
$
|
429,659
|
$
|
408,434
|
$
|
585,487
|
$
|
8,368
|
Portfolio turnover rate H
|
31 % G |
21%
|
25%
|
26%
|
31%
|
22%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$217,874,421
|
Gross unrealized depreciation
|
(58,523,783)
|
Net unrealized appreciation (depreciation)
|
$159,350,638
|
Tax cost
|
$550,320,284
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Japan Fund
|
104,571,083
|
123,240,199
|
Maximum Management Fee Rate %
|
|
Class A
|
.88
|
Class M
|
.88
|
Class C
|
.86
|
Japan
|
.87
|
Class I
|
.87
|
Class Z
|
.72
|
Total Management Fee Rate %
|
|
Class A
|
.86
|
Class M
|
.86
|
Class C
|
.86
|
Japan
|
.82
|
Class I
|
.86
|
Class Z
|
.72
|
Performance Adjustment Index
|
|
Fidelity Japan Fund
|
TOPIX
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
-%
|
.25%
|
20,657
|
285
|
Class M
|
.25%
|
.25%
|
7,164
|
66
|
Class C
|
.75%
|
.25%
|
9,345
|
2,492
|
37,166
|
2,843
|
Retained by FDC ($)
|
|
Class A
|
295
|
Class M
|
48
|
Class CA
|
11
|
354
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Japan Fund
|
Borrower
|
2,459,571
|
4.78%
|
2,286
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Japan Fund
|
715,494
|
5,601,800
|
(354,716)
|
Amount ($)
|
|
Fidelity Japan Fund
|
533
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Japan Fund
|
9,089
|
-
|
-
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Japan Fund
|
1,025,000
|
4.83%
|
138
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Japan Fund
|
||
Distributions to shareholders
|
||
Class A
|
$715,903
|
$601,432
|
Class M
|
121,784
|
80,704
|
Class C
|
74,834
|
58,025
|
Japan
|
7,875,903
|
5,977,883
|
Class I
|
751,595
|
1,377,391
|
Class Z
|
22,581,472
|
15,751,871
|
Total
|
$32,121,491
|
$23,847,306
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Japan Fund
|
||||
Class A
|
||||
Shares sold
|
40,723
|
178,076
|
$667,143
|
$2,989,956
|
Reinvestment of distributions
|
40,646
|
37,678
|
684,884
|
571,577
|
Shares redeemed
|
(81,379)
|
(322,353)
|
(1,343,477)
|
(5,347,066)
|
Net increase (decrease)
|
(10)
|
(106,599)
|
$8,550
|
$(1,785,533)
|
Class M
|
||||
Shares sold
|
8,477
|
10,714
|
$147,341
|
$174,853
|
Reinvestment of distributions
|
7,270
|
5,341
|
121,622
|
80,602
|
Shares redeemed
|
(10,266)
|
(13,657)
|
(171,584)
|
(229,966)
|
Net increase (decrease)
|
5,481
|
2,398
|
$97,379
|
$25,489
|
Class C
|
||||
Shares sold
|
14,570
|
35,715
|
$240,251
|
$576,393
|
Reinvestment of distributions
|
4,552
|
3,913
|
74,834
|
58,025
|
Shares redeemed
|
(30,421)
|
(48,344)
|
(487,787)
|
(787,654)
|
Net increase (decrease)
|
(11,299)
|
(8,716)
|
$(172,702)
|
$(153,236)
|
Japan
|
||||
Shares sold
|
1,342,948
|
2,663,798
|
$22,523,129
|
$44,014,546
|
Reinvestment of distributions
|
424,185
|
360,541
|
7,194,179
|
5,509,063
|
Shares redeemed
|
(1,515,864)
|
(3,127,359)
|
(25,708,582)
|
(51,775,389)
|
Net increase (decrease)
|
251,269
|
(103,020)
|
$4,008,726
|
$(2,251,780)
|
Class I
|
||||
Shares sold
|
98,128
|
873,438
|
$1,668,269
|
$14,285,779
|
Reinvestment of distributions
|
42,999
|
86,366
|
739,145
|
1,330,039
|
Shares redeemed
|
(215,618)
|
(2,116,540)
|
(3,664,337)
|
(36,696,595)
|
Net increase (decrease)
|
(74,491)
|
(1,156,736)
|
$(1,256,923)
|
$(21,080,777)
|
Class Z
|
||||
Shares sold
|
431,451
|
8,068,059
|
$7,280,913
|
$125,982,060
|
Reinvestment of distributions
|
841,043
|
630,507
|
14,222,031
|
9,602,617
|
Shares redeemed
|
(213,378)
|
(10,742,814)
|
(3,582,406)
|
(163,742,649)
|
Net increase (decrease)
|
1,059,116
|
(2,044,248)
|
$17,920,538
|
$(28,157,972)
|
Strategic Advisers Fidelity International Fund
|
Strategic Advisers International Fund
|
|
Fidelity Japan Fund
|
24%
|
40%
|
Fund
|
% of shares held
|
Fidelity Japan Fund
|
64%
|
Common Stocks - 96.4%
|
|||
Shares
|
Value ($)
|
||
JAPAN - 96.4%
|
|||
Communication Services - 3.3%
|
|||
Entertainment - 3.3%
|
|||
Capcom Co Ltd
|
295,500
|
8,554,165
|
|
Nintendo Co Ltd
|
64,900
|
5,387,998
|
|
13,942,163
|
|||
Consumer Discretionary - 12.3%
|
|||
Automobiles - 1.2%
|
|||
Suzuki Motor Corp
|
434,600
|
5,208,102
|
|
Broadline Retail - 1.6%
|
|||
Pan Pacific International Holdings Corp
|
222,400
|
6,859,589
|
|
Distributors - 1.1%
|
|||
Central Automotive Products Ltd (a)
|
381,000
|
4,514,015
|
|
Hotels, Restaurants & Leisure - 1.5%
|
|||
Koshidaka Holdings Co Ltd
|
927,800
|
6,573,377
|
|
Specialty Retail - 4.5%
|
|||
Fast Retailing Co Ltd
|
17,500
|
5,756,535
|
|
Fuji Corp/Miyagi (a)
|
503,800
|
6,796,966
|
|
Intermestic Inc
|
110,500
|
1,282,134
|
|
USS Co Ltd
|
542,100
|
5,417,967
|
|
19,253,602
|
|||
Textiles, Apparel & Luxury Goods - 2.4%
|
|||
Asics Corp
|
302,500
|
6,501,951
|
|
Fujibo Holdings Inc
|
105,200
|
3,660,442
|
|
10,162,393
|
|||
TOTAL CONSUMER DISCRETIONARY
|
52,571,078
|
||
Consumer Staples - 8.6%
|
|||
Beverages - 1.9%
|
|||
Asahi Group Holdings Ltd
|
580,800
|
8,027,990
|
|
Consumer Staples Distribution & Retail - 0.9%
|
|||
Kato Sangyo Co Ltd
|
110,500
|
3,864,177
|
|
Food Products - 4.2%
|
|||
Ajinomoto Co Inc
|
313,200
|
6,406,221
|
|
Kewpie Corp
|
216,000
|
4,908,267
|
|
Kotobuki Spirits Co Ltd (a)
|
440,700
|
6,543,615
|
|
17,858,103
|
|||
Household Products - 1.0%
|
|||
Transaction Co Ltd (a)
|
228,400
|
4,084,619
|
|
Personal Care Products - 0.6%
|
|||
Rohto Pharmaceutical Co Ltd
|
165,500
|
2,760,648
|
|
TOTAL CONSUMER STAPLES
|
36,595,537
|
||
Energy - 2.6%
|
|||
Oil, Gas & Consumable Fuels - 2.6%
|
|||
ENEOS Holdings Inc
|
955,900
|
4,601,923
|
|
Inpex Corp
|
313,000
|
3,915,473
|
|
Itochu Enex Co Ltd
|
225,900
|
2,436,269
|
|
10,953,665
|
|||
Financials - 11.4%
|
|||
Banks - 2.7%
|
|||
Hokuhoku Financial Group Inc
|
478,000
|
8,508,253
|
|
Kyoto Financial Group Inc (a)
|
170,400
|
2,909,123
|
|
11,417,376
|
|||
Consumer Finance - 1.4%
|
|||
Credit Saison Co Ltd
|
249,900
|
5,835,901
|
|
Financial Services - 0.7%
|
|||
Zenkoku Hosho Co Ltd
|
157,400
|
3,402,737
|
|
Insurance - 6.6%
|
|||
LIFENET INSURANCE CO (a)(b)
|
191,600
|
2,398,685
|
|
Ms&Ad Insurance Group Holdings Inc
|
182,700
|
4,152,737
|
|
Sompo Holdings Inc
|
319,800
|
10,480,202
|
|
T&D Holdings Inc
|
171,300
|
3,645,028
|
|
Tokio Marine Holdings Inc
|
184,000
|
7,375,157
|
|
28,051,809
|
|||
TOTAL FINANCIALS
|
48,707,823
|
||
Health Care - 1.7%
|
|||
Health Care Providers & Services - 0.7%
|
|||
As One Corp
|
189,000
|
2,989,393
|
|
Pharmaceuticals - 1.0%
|
|||
Santen Pharmaceutical Co Ltd
|
437,000
|
4,422,570
|
|
TOTAL HEALTH CARE
|
7,411,963
|
||
Industrials - 23.7%
|
|||
Construction & Engineering - 2.1%
|
|||
Hazama Ando Corp
|
341,100
|
3,397,163
|
|
Hibiya Engineering Ltd (a)
|
147,500
|
3,605,487
|
|
Yurtec Corp
|
156,000
|
2,001,007
|
|
9,003,657
|
|||
Electrical Equipment - 3.4%
|
|||
Fuji Electric Co Ltd
|
72,400
|
3,219,393
|
|
SWCC Corp
|
246,900
|
11,189,761
|
|
14,409,154
|
|||
Ground Transportation - 1.4%
|
|||
Kyushu Railway Co
|
223,900
|
5,754,878
|
|
Machinery - 4.2%
|
|||
CKD Corp
|
198,400
|
2,890,384
|
|
Ebara Corp
|
258,200
|
3,878,628
|
|
IHI Corp
|
101,400
|
7,942,882
|
|
Takeuchi Manufacturing Co Ltd
|
108,100
|
3,368,202
|
|
18,080,096
|
|||
Marine Transportation - 1.0%
|
|||
Nippon Concept Corp
|
363,300
|
4,398,324
|
|
Professional Services - 5.0%
|
|||
Funai Soken Holdings Inc
|
263,480
|
4,201,527
|
|
Open Up Group Inc
|
277,200
|
3,551,758
|
|
TKC Corp
|
169,800
|
4,774,067
|
|
Visional Inc (b)
|
145,200
|
8,782,275
|
|
21,309,627
|
|||
Trading Companies & Distributors - 5.1%
|
|||
Inaba Denki Sangyo Co Ltd
|
165,200
|
4,342,017
|
|
ITOCHU Corp
|
87,800
|
4,490,350
|
|
Mitani Corp
|
404,700
|
5,335,428
|
|
Senshu Electric Co Ltd (a)
|
193,500
|
5,934,380
|
|
Totech Corp
|
89,500
|
1,624,371
|
|
21,726,546
|
|||
Transportation Infrastructure - 1.5%
|
|||
Kamigumi Co Ltd
|
254,500
|
6,219,212
|
|
TOTAL INDUSTRIALS
|
100,901,494
|
||
Information Technology - 17.8%
|
|||
Electronic Equipment, Instruments & Components - 7.3%
|
|||
Amano Corp
|
218,500
|
6,358,781
|
|
Azbil Corp
|
599,900
|
5,169,092
|
|
Dexerials Corp
|
363,000
|
4,249,979
|
|
Hamamatsu Photonics KK (a)
|
345,700
|
3,192,732
|
|
Ibiden Co Ltd
|
115,800
|
3,200,739
|
|
Maruwa Co Ltd/Aichi
|
30,200
|
6,138,005
|
|
Riken Keiki Co Ltd (a)
|
143,100
|
2,670,239
|
|
30,979,567
|
|||
IT Services - 4.7%
|
|||
Ad-sol Nissin Corp
|
187,400
|
1,319,847
|
|
Argo Graphics Inc (a)
|
266,300
|
9,386,991
|
|
NSD Co Ltd
|
283,600
|
6,662,557
|
|
TechMatrix Corp
|
185,400
|
2,638,754
|
|
20,008,149
|
|||
Semiconductors & Semiconductor Equipment - 1.3%
|
|||
Renesas Electronics Corp
|
454,000
|
5,327,810
|
|
Software - 3.9%
|
|||
m-up Holdings Inc
|
246,700
|
3,255,860
|
|
Money Forward Inc (b)
|
348,150
|
10,394,828
|
|
Systena Corp
|
391,700
|
1,019,110
|
|
WingArc1st Inc
|
78,100
|
2,081,137
|
|
16,750,935
|
|||
Technology Hardware, Storage & Peripherals - 0.6%
|
|||
FUJIFILM Holdings Corp
|
136,100
|
2,787,653
|
|
TOTAL INFORMATION TECHNOLOGY
|
75,854,114
|
||
Materials - 10.4%
|
|||
Chemicals - 5.7%
|
|||
C Uyemura & Co Ltd
|
86,200
|
5,564,597
|
|
Kuraray Co Ltd
|
306,700
|
3,582,714
|
|
NOF Corp
|
198,400
|
2,976,416
|
|
Osaka Soda Co Ltd
|
601,600
|
6,269,297
|
|
Resonac Holdings Corp
|
135,700
|
2,468,107
|
|
Tokyo Ohka Kogyo Co Ltd
|
147,700
|
3,240,557
|
|
24,101,688
|
|||
Construction Materials - 1.3%
|
|||
Maeda Kosen Co Ltd
|
380,000
|
5,429,710
|
|
Metals & Mining - 3.4%
|
|||
Dowa Holdings Co Ltd
|
108,300
|
3,474,761
|
|
Yamato Kogyo Co Ltd
|
186,600
|
11,078,804
|
|
14,553,565
|
|||
TOTAL MATERIALS
|
44,084,963
|
||
Real Estate - 2.0%
|
|||
Real Estate Management & Development - 2.0%
|
|||
Arealink Co Ltd
|
108,600
|
1,664,167
|
|
Katitas Co Ltd
|
212,700
|
3,073,424
|
|
Starts Corp Inc
|
138,300
|
3,753,001
|
|
8,490,592
|
|||
Utilities - 2.6%
|
|||
Electric Utilities - 1.3%
|
|||
Kansai Electric Power Co Inc/The
|
438,300
|
5,400,047
|
|
Gas Utilities - 1.3%
|
|||
Nippon Gas Co Ltd
|
301,300
|
5,543,221
|
|
TOTAL UTILITIES
|
10,943,268
|
||
TOTAL JAPAN
|
410,456,660
|
||
TOTAL COMMON STOCKS
(Cost $292,919,823)
|
410,456,660
|
||
Money Market Funds - 5.4%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (c)
|
4.33
|
861,051
|
861,223
|
|
Fidelity Securities Lending Cash Central Fund (c)(d)
|
4.33
|
22,152,663
|
22,154,878
|
|
TOTAL MONEY MARKET FUNDS
(Cost $23,016,101)
|
23,016,101
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.8%
(Cost $315,935,924)
|
433,472,761
|
NET OTHER ASSETS (LIABILITIES) - (1.8)%
|
(7,594,573)
|
NET ASSETS - 100.0%
|
425,878,188
|
(a)
|
Security or a portion of the security is on loan at period end.
|
(b)
|
Non-income producing
|
(c)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(d)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
472,348
|
10,314,491
|
9,925,616
|
7,304
|
-
|
-
|
861,223
|
861,051
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
9,338,303
|
106,283,252
|
93,466,677
|
48,752
|
-
|
-
|
22,154,878
|
22,152,663
|
0.1%
|
Total
|
9,810,651
|
116,597,743
|
103,392,293
|
56,056
|
-
|
-
|
23,016,101
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
13,942,163
|
8,554,165
|
5,387,998
|
-
|
Consumer Discretionary
|
52,571,078
|
35,104,490
|
17,466,588
|
-
|
Consumer Staples
|
36,595,537
|
22,161,326
|
14,434,211
|
-
|
Energy
|
10,953,665
|
2,436,269
|
8,517,396
|
-
|
Financials
|
48,707,823
|
17,218,798
|
31,489,025
|
-
|
Health Care
|
7,411,963
|
7,411,963
|
-
|
-
|
Industrials
|
100,901,494
|
81,370,241
|
19,531,253
|
-
|
Information Technology
|
75,854,114
|
67,738,651
|
8,115,463
|
-
|
Materials
|
44,084,963
|
34,559,381
|
9,525,582
|
-
|
Real Estate
|
8,490,592
|
8,490,592
|
-
|
-
|
Utilities
|
10,943,268
|
5,543,221
|
5,400,047
|
-
|
Money Market Funds
|
23,016,101
|
23,016,101
|
-
|
-
|
Total Investments in Securities:
|
433,472,761
|
313,605,198
|
119,867,563
|
-
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $20,776,318) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $292,919,823)
|
$
|
410,456,660
|
||
Fidelity Central Funds (cost $23,016,101)
|
23,016,101
|
|||
Total Investment in Securities (cost $315,935,924)
|
$
|
433,472,761
|
||
Foreign currency held at value (cost $9,572,684)
|
9,800,392
|
|||
Receivable for investments sold
|
2,236,458
|
|||
Receivable for fund shares sold
|
5,467
|
|||
Dividends receivable
|
4,449,725
|
|||
Distributions receivable from Fidelity Central Funds
|
7,935
|
|||
Prepaid expenses
|
123
|
|||
Total assets
|
449,972,861
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
1,590,243
|
||
Payable for fund shares redeemed
|
35,453
|
|||
Accrued management fee
|
278,356
|
|||
Other payables and accrued expenses
|
35,743
|
|||
Collateral on securities loaned
|
22,154,878
|
|||
Total liabilities
|
24,094,673
|
|||
Net Assets
|
$
|
425,878,188
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
304,276,110
|
||
Total accumulated earnings (loss)
|
121,602,078
|
|||
Net Assets
|
$
|
425,878,188
|
||
Net Asset Value, offering price and redemption price per share ($425,878,188 ÷ 25,445,893 shares)
|
$
|
16.74
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
5,611,338
|
||
Income from Fidelity Central Funds (including $48,752 from security lending)
|
56,056
|
|||
Income before foreign taxes withheld
|
$
|
5,667,394
|
||
Less foreign taxes withheld
|
(563,148)
|
|||
Total income
|
5,104,246
|
|||
Expenses
|
||||
Management fee
|
$
|
1,678,231
|
||
Custodian fees and expenses
|
14,165
|
|||
Independent trustees' fees and expenses
|
897
|
|||
Registration fees
|
12,164
|
|||
Audit fees
|
28,722
|
|||
Legal
|
480
|
|||
Miscellaneous
|
689
|
|||
Total expenses
|
1,735,348
|
|||
Net Investment income (loss)
|
3,368,898
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
12,936,422
|
|||
Foreign currency transactions
|
255,493
|
|||
Total net realized gain (loss)
|
13,191,915
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
14,242,430
|
|||
Assets and liabilities in foreign currencies
|
856,682
|
|||
Total change in net unrealized appreciation (depreciation)
|
15,099,112
|
|||
Net gain (loss)
|
28,291,027
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
31,659,925
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
3,368,898
|
$
|
5,374,113
|
Net realized gain (loss)
|
13,191,915
|
13,982,073
|
||
Change in net unrealized appreciation (depreciation)
|
15,099,112
|
69,020,289
|
||
Net increase (decrease) in net assets resulting from operations
|
31,659,925
|
88,376,475
|
||
Distributions to shareholders
|
(17,881,080)
|
(13,096,272)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
8,764,238
|
28,846,628
|
||
Reinvestment of distributions
|
17,214,798
|
12,571,486
|
||
Cost of shares redeemed
|
(23,781,016)
|
(142,666,579)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
2,198,020
|
(101,248,465)
|
||
Total increase (decrease) in net assets
|
15,976,865
|
(25,968,262)
|
||
Net Assets
|
||||
Beginning of period
|
409,901,323
|
435,869,585
|
||
End of period
|
$
|
425,878,188
|
$
|
409,901,323
|
Other Information
|
||||
Shares
|
||||
Sold
|
543,332
|
1,867,703
|
||
Issued in reinvestment of distributions
|
1,075,253
|
873,020
|
||
Redeemed
|
(1,498,645)
|
(9,273,731)
|
||
Net increase (decrease)
|
119,940
|
(6,533,008)
|
||
Fidelity® Japan Smaller Companies Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.19
|
$
|
13.68
|
$
|
12.47
|
$
|
17.92
|
$
|
16.64
|
$
|
17.60
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.13
|
.19
|
.18
|
.19
|
.20
|
.16
|
||||||
Net realized and unrealized gain (loss)
|
1.13
|
2.75
|
1.04
|
(3.75)
|
1.36
|
.11
|
||||||
Total from investment operations
|
1.26
|
2.94
|
1.22
|
(3.56)
|
1.56
|
.27
|
||||||
Distributions from net investment income
|
(.36)
|
(.33)
|
(.01)
|
(.51)
|
(.19)
|
(.23)
|
||||||
Distributions from net realized gain
|
(.34)
|
(.10)
|
-
|
(1.38)
|
(.10)
|
(1.00)
|
||||||
Total distributions
|
(.71) C
|
(.43)
|
(.01)
|
(1.89)
|
(.28) C
|
(1.23)
|
||||||
Net asset value, end of period
|
$
|
16.74
|
$
|
16.19
|
$
|
13.68
|
$
|
12.47
|
$
|
17.92
|
$
|
16.64
|
Total Return D,E
|
7.97 % |
21.84%
|
9.76%
|
(21.95)%
|
9.44%
|
1.31%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.85% H
|
.88%
|
.92%
|
.91%
|
.91%
|
.92%
|
||||||
Expenses net of fee waivers, if any
|
.85 % H |
.87%
|
.91%
|
.91%
|
.91%
|
.92%
|
||||||
Expenses net of all reductions, if any
|
.85% H
|
.87%
|
.91%
|
.91%
|
.91%
|
.92%
|
||||||
Net investment income (loss)
|
1.65% H
|
1.21%
|
1.26%
|
1.33%
|
1.13%
|
1.02%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
425,878
|
$
|
409,901
|
$
|
435,870
|
$
|
364,425
|
$
|
501,214
|
$
|
523,774
|
Portfolio turnover rate I
|
43 % H |
21%
|
36%
|
38%
|
23%
|
20%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$114,842,409
|
Gross unrealized depreciation
|
(8,986,752)
|
Net unrealized appreciation (depreciation)
|
$105,855,657
|
Tax cost
|
$327,617,104
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Japan Smaller Companies Fund
|
86,070,060
|
86,070,060
|
Maximum Management Fee Rate %
|
|
Fidelity Japan Smaller Companies Fund
|
.84
|
Total Management Fee Rate %
|
|
Fidelity Japan Smaller Companies Fund
|
.82
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Japan Smaller Companies Fund
|
342,582
|
2,917,442
|
508,323
|
Amount ($)
|
|
Fidelity Japan Smaller Companies Fund
|
318
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Japan Smaller Companies Fund
|
5,288
|
-
|
-
|
Strategic Advisers Fidelity International Fund
|
Strategic Advisers International Fund
|
VIP Funds Manager 60% Portfolio
|
|
Fidelity Japan Smaller Companies Fund
|
12%
|
23%
|
13%
|
Fund
|
% of shares held
|
Fidelity Japan Smaller Companies Fund
|
63%
|
Common Stocks - 95.5%
|
|||
Shares
|
Value ($)
|
||
DENMARK - 24.6%
|
|||
Consumer Staples - 2.0%
|
|||
Beverages - 2.0%
|
|||
Carlsberg AS Series B
|
46,500
|
6,335,796
|
|
Financials - 4.6%
|
|||
Banks - 2.0%
|
|||
Danske Bank A/S
|
179,400
|
6,254,087
|
|
Insurance - 2.6%
|
|||
Tryg A/S
|
345,983
|
8,254,444
|
|
TOTAL FINANCIALS
|
14,508,531
|
||
Health Care - 11.9%
|
|||
Health Care Equipment & Supplies - 0.7%
|
|||
Demant A/S (a)
|
61,100
|
2,210,690
|
|
Pharmaceuticals - 11.2%
|
|||
Novo Nordisk A/S Series B
|
529,700
|
35,416,571
|
|
TOTAL HEALTH CARE
|
37,627,261
|
||
Industrials - 4.6%
|
|||
Air Freight & Logistics - 4.6%
|
|||
DSV A/S
|
69,300
|
14,688,821
|
|
Materials - 1.5%
|
|||
Chemicals - 1.5%
|
|||
Novonesis Novozymes B Series B
|
73,500
|
4,753,125
|
|
TOTAL DENMARK
|
77,913,534
|
||
FINLAND - 14.5%
|
|||
Communication Services - 2.3%
|
|||
Diversified Telecommunication Services - 2.3%
|
|||
Elisa Oyj A Shares
|
138,500
|
7,377,425
|
|
Financials - 7.3%
|
|||
Banks - 5.3%
|
|||
Nordea Bank Abp (Sweden)
|
1,238,344
|
16,911,842
|
|
Insurance - 2.0%
|
|||
Sampo Oyj A Shares
|
619,500
|
6,206,525
|
|
TOTAL FINANCIALS
|
23,118,367
|
||
Information Technology - 2.9%
|
|||
Communications Equipment - 2.9%
|
|||
Nokia Oyj
|
1,818,100
|
9,088,995
|
|
Materials - 0.8%
|
|||
Paper & Forest Products - 0.8%
|
|||
UPM-Kymmene Oyj
|
96,400
|
2,553,260
|
|
Utilities - 1.2%
|
|||
Electric Utilities - 1.2%
|
|||
Fortum Oyj
|
223,600
|
3,734,986
|
|
TOTAL FINLAND
|
45,873,033
|
||
NORWAY - 11.9%
|
|||
Communication Services - 0.9%
|
|||
Media - 0.9%
|
|||
Schibsted ASA B Shares
|
96,600
|
2,776,342
|
|
Consumer Staples - 1.3%
|
|||
Food Products - 1.3%
|
|||
Mowi ASA
|
223,100
|
4,076,678
|
|
Energy - 2.4%
|
|||
Energy Equipment & Services - 0.2%
|
|||
TGS ASA
|
79,300
|
586,552
|
|
Oil, Gas & Consumable Fuels - 2.2%
|
|||
Equinor ASA
|
305,000
|
6,903,868
|
|
TOTAL ENERGY
|
7,490,420
|
||
Financials - 2.8%
|
|||
Banks - 2.8%
|
|||
DNB Bank ASA
|
359,300
|
8,938,121
|
|
Industrials - 2.0%
|
|||
Aerospace & Defense - 2.0%
|
|||
Kongsberg Gruppen ASA
|
40,500
|
6,493,454
|
|
Information Technology - 0.6%
|
|||
Semiconductors & Semiconductor Equipment - 0.6%
|
|||
Nordic Semiconductor ASA (a)
|
183,000
|
1,803,016
|
|
Materials - 1.6%
|
|||
Metals & Mining - 1.6%
|
|||
Norsk Hydro ASA
|
983,300
|
5,215,832
|
|
Real Estate - 0.3%
|
|||
Real Estate Management & Development - 0.3%
|
|||
Selvaag Bolig ASA
|
321,200
|
1,072,890
|
|
TOTAL NORWAY
|
37,866,753
|
||
SWEDEN - 44.2%
|
|||
Communication Services - 1.3%
|
|||
Interactive Media & Services - 1.3%
|
|||
Hemnet Group AB (a)
|
117,300
|
4,016,999
|
|
Consumer Discretionary - 2.7%
|
|||
Automobile Components - 0.3%
|
|||
Autoliv Inc
|
11,000
|
1,025,530
|
|
Broadline Retail - 1.1%
|
|||
Rusta AB
|
413,000
|
3,412,361
|
|
Specialty Retail - 1.3%
|
|||
Haypp Group AB (a)
|
385,600
|
4,061,258
|
|
TOTAL CONSUMER DISCRETIONARY
|
8,499,149
|
||
Consumer Staples - 0.2%
|
|||
Consumer Staples Distribution & Retail - 0.2%
|
|||
Axfood AB B Shares
|
23,000
|
643,205
|
|
Financials - 9.8%
|
|||
Capital Markets - 4.1%
|
|||
EQT AB
|
278,300
|
7,998,732
|
|
Nordnet AB
|
194,600
|
5,113,900
|
|
13,112,632
|
|||
Financial Services - 5.7%
|
|||
Investor AB B Shares
|
609,500
|
17,990,828
|
|
TOTAL FINANCIALS
|
31,103,460
|
||
Health Care - 1.8%
|
|||
Biotechnology - 0.5%
|
|||
BoneSupport Holding AB (a)(b)(c)
|
53,100
|
1,734,931
|
|
Health Care Equipment & Supplies - 0.6%
|
|||
Surgical Science Sweden AB (a)(d)
|
124,000
|
1,766,572
|
|
Life Sciences Tools & Services - 0.7%
|
|||
AddLife AB B Shares
|
121,200
|
2,294,719
|
|
TOTAL HEALTH CARE
|
5,796,222
|
||
Industrials - 20.2%
|
|||
Aerospace & Defense - 4.2%
|
|||
Saab AB B Shares
|
284,100
|
13,228,980
|
|
Building Products - 2.9%
|
|||
Assa Abloy AB B Shares
|
306,700
|
9,309,568
|
|
Industrial Conglomerates - 0.7%
|
|||
Nolato AB B Shares
|
426,500
|
2,393,836
|
|
Machinery - 12.4%
|
|||
Alfa Laval AB
|
103,900
|
4,300,904
|
|
Atlas Copco AB B Shares
|
1,031,700
|
14,351,256
|
|
Beijer Alma AB B Shares
|
116,500
|
2,422,689
|
|
Indutrade AB
|
298,900
|
8,065,089
|
|
Sandvik AB
|
489,000
|
10,123,522
|
|
39,263,460
|
|||
TOTAL INDUSTRIALS
|
64,195,844
|
||
Information Technology - 6.0%
|
|||
Electronic Equipment, Instruments & Components - 4.2%
|
|||
Hexagon AB B Shares
|
444,200
|
4,323,207
|
|
Lagercrantz Group AB B Shares
|
394,353
|
8,943,374
|
|
13,266,581
|
|||
Software - 1.8%
|
|||
Fortnox AB
|
645,900
|
5,812,465
|
|
TOTAL INFORMATION TECHNOLOGY
|
19,079,046
|
||
Materials - 2.0%
|
|||
Chemicals - 0.8%
|
|||
Hexpol AB B Shares
|
304,170
|
2,634,010
|
|
Paper & Forest Products - 1.2%
|
|||
Svenska Cellulosa AB SCA B Shares
|
293,600
|
3,806,123
|
|
TOTAL MATERIALS
|
6,440,133
|
||
Real Estate - 0.2%
|
|||
Real Estate Management & Development - 0.2%
|
|||
Swedish Logistic Property AB B Shares (a)
|
142,304
|
581,553
|
|
TOTAL SWEDEN
|
140,355,611
|
||
UNITED STATES - 0.3%
|
|||
Communication Services - 0.3%
|
|||
Entertainment - 0.3%
|
|||
Spotify Technology SA (a)
|
1,900
|
1,166,562
|
|
TOTAL COMMON STOCKS
(Cost $224,572,140)
|
303,175,493
|
||
Money Market Funds - 4.5%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (e)
|
4.33
|
14,201,871
|
14,204,711
|
|
Fidelity Securities Lending Cash Central Fund (e)(f)
|
4.33
|
251
|
251
|
|
TOTAL MONEY MARKET FUNDS
(Cost $14,204,962)
|
14,204,962
|
|||
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $238,777,102)
|
317,380,455
|
NET OTHER ASSETS (LIABILITIES) - 0.0%
|
(81,694)
|
NET ASSETS - 100.0%
|
317,298,761
|
(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 $1,734,931 or 0.5% of net assets.
|
(c)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $1,734,931 or 0.5% of net assets.
|
(d)
|
Security or a portion of the security is on loan at period end.
|
(e)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(f)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
9,501,575
|
44,893,122
|
40,189,986
|
180,776
|
-
|
-
|
14,204,711
|
14,201,871
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
976,198
|
20,869,068
|
21,845,015
|
5,052
|
-
|
-
|
251
|
251
|
0.0%
|
Total
|
10,477,773
|
65,762,190
|
62,035,001
|
185,828
|
-
|
-
|
14,204,962
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
15,337,328
|
15,337,328
|
-
|
-
|
Consumer Discretionary
|
8,499,149
|
8,499,149
|
-
|
-
|
Consumer Staples
|
11,055,679
|
4,719,883
|
6,335,796
|
-
|
Energy
|
7,490,420
|
586,552
|
6,903,868
|
-
|
Financials
|
77,668,479
|
71,461,954
|
6,206,525
|
-
|
Health Care
|
43,423,483
|
8,006,912
|
35,416,571
|
-
|
Industrials
|
85,378,119
|
48,150,750
|
37,227,369
|
-
|
Information Technology
|
29,971,057
|
16,558,855
|
13,412,202
|
-
|
Materials
|
18,962,350
|
11,193,258
|
7,769,092
|
-
|
Real Estate
|
1,654,443
|
1,654,443
|
-
|
-
|
Utilities
|
3,734,986
|
3,734,986
|
-
|
-
|
Money Market Funds
|
14,204,962
|
14,204,962
|
-
|
-
|
Total Investments in Securities:
|
317,380,455
|
204,109,032
|
113,271,423
|
-
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $243) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $224,572,140)
|
$
|
303,175,493
|
||
Fidelity Central Funds (cost $14,204,962)
|
14,204,962
|
|||
Total Investment in Securities (cost $238,777,102)
|
$
|
317,380,455
|
||
Receivable for investments sold
|
3,324,178
|
|||
Receivable for fund shares sold
|
94,290
|
|||
Dividends receivable
|
1,502,367
|
|||
Reclaims receivable
|
4,944,702
|
|||
Distributions receivable from Fidelity Central Funds
|
38,136
|
|||
Prepaid expenses
|
107
|
|||
Total assets
|
327,284,235
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
8,470,814
|
||
Payable for fund shares redeemed
|
297,934
|
|||
Accrued management fee
|
208,582
|
|||
Payable for IRS closing agreement payments and fees
|
946,655
|
|||
Other payables and accrued expenses
|
61,238
|
|||
Collateral on securities loaned
|
251
|
|||
Total liabilities
|
9,985,474
|
|||
Net Assets
|
$
|
317,298,761
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
236,752,409
|
||
Total accumulated earnings (loss)
|
80,546,352
|
|||
Net Assets
|
$
|
317,298,761
|
||
Net Asset Value, offering price and redemption price per share ($317,298,761 ÷ 5,001,442 shares)
|
$
|
63.44
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
6,008,039
|
||
Foreign Tax Reclaims
|
4,307,726
|
|||
Income from Fidelity Central Funds (including $5,052 from security lending)
|
185,828
|
|||
Less IRS closing agreement payments and fees
|
$
|
(845,986)
|
||
Income before foreign taxes withheld
|
$
|
9,655,607
|
||
Less foreign taxes withheld
|
(1,286,201)
|
|||
Total income
|
8,369,406
|
|||
Expenses
|
||||
Management fee
|
$
|
1,272,357
|
||
Custodian fees and expenses
|
11,682
|
|||
Independent trustees' fees and expenses
|
698
|
|||
Registration fees
|
14,639
|
|||
Audit fees
|
35,307
|
|||
Legal
|
425
|
|||
Miscellaneous
|
28,066
|
|||
Total expenses before reductions
|
1,363,174
|
|||
Expense reductions
|
(282)
|
|||
Total expenses after reductions
|
1,362,892
|
|||
Net Investment income (loss)
|
7,006,514
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
6,011,247
|
|||
Foreign currency transactions
|
36,033
|
|||
Total net realized gain (loss)
|
6,047,280
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(7,111,115)
|
|||
Assets and liabilities in foreign currencies
|
171,114
|
|||
Total change in net unrealized appreciation (depreciation)
|
(6,940,001)
|
|||
Net gain (loss)
|
(892,721)
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
6,113,793
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
7,006,514
|
$
|
4,773,825
|
Net realized gain (loss)
|
6,047,280
|
14,138,360
|
||
Change in net unrealized appreciation (depreciation)
|
(6,940,001)
|
44,961,022
|
||
Net increase (decrease) in net assets resulting from operations
|
6,113,793
|
63,873,207
|
||
Distributions to shareholders
|
(17,187,035)
|
(158,641)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
24,027,055
|
38,753,187
|
||
Reinvestment of distributions
|
15,532,893
|
143,738
|
||
Cost of shares redeemed
|
(43,782,109)
|
(56,670,115)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
(4,222,161)
|
(17,773,190)
|
||
Total increase (decrease) in net assets
|
(15,295,403)
|
45,941,376
|
||
Net Assets
|
||||
Beginning of period
|
332,594,164
|
286,652,788
|
||
End of period
|
$
|
317,298,761
|
$
|
332,594,164
|
Other Information
|
||||
Shares
|
||||
Sold
|
386,978
|
576,139
|
||
Issued in reinvestment of distributions
|
257,979
|
2,295
|
||
Redeemed
|
(717,173)
|
(858,020)
|
||
Net increase (decrease)
|
(72,216)
|
(279,586)
|
||
Fidelity® Nordic Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
65.55
|
$
|
53.55
|
$
|
46.13
|
$
|
75.57
|
$
|
56.51
|
$
|
46.69
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
1.38 C
|
.92
|
.93
|
.78
|
1.06
|
.15
|
||||||
Net realized and unrealized gain (loss)
|
(.01)
|
11.11
|
6.49
|
(20.65) D
|
20.17
|
11.86
|
||||||
Total from investment operations
|
1.37
|
12.03
|
7.42
|
(19.87)
|
21.23
|
12.01
|
||||||
Distributions from net investment income
|
(2.36)
|
(.03)
|
-
|
(3.02)
|
(.96)
|
(1.60)
|
||||||
Distributions from net realized gain
|
(1.12)
|
-
|
-
|
(6.56)
|
(1.21)
|
(.59)
|
||||||
Total distributions
|
(3.48)
|
(.03)
|
-
|
(9.57) E
|
(2.17)
|
(2.19)
|
||||||
Net asset value, end of period
|
$
|
63.44
|
$
|
65.55
|
$
|
53.55
|
$
|
46.13
|
$
|
75.57
|
$
|
56.51
|
Total Return F,G
|
2.38 % C |
22.47%
|
16.08%
|
(29.33)% D
|
38.39%
|
26.73%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
.88% J
|
.88%
|
.94%
|
.93%
|
.92%
|
.96%
|
||||||
Expenses net of fee waivers, if any
|
.88 % J |
.88%
|
.93%
|
.92%
|
.92%
|
.96%
|
||||||
Expenses net of all reductions, if any
|
.88% J
|
.88%
|
.93%
|
.92%
|
.92%
|
.96%
|
||||||
Net investment income (loss)
|
4.52% J
|
1.39%
|
1.69%
|
1.45%
|
1.51%
|
.31%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
317,299
|
$
|
332,594
|
$
|
286,653
|
$
|
257,164
|
$
|
422,673
|
$
|
301,424
|
Portfolio turnover rate K
|
29 % J |
21%
|
23%
|
42%
|
34%
|
29%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$78,970,804
|
Gross unrealized depreciation
|
(11,489,302)
|
Net unrealized appreciation (depreciation)
|
$67,481,502
|
Tax cost
|
$249,898,953
|
Equity Risk
|
Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Nordic Fund
|
43,761,106
|
60,359,331
|
Maximum Management Fee Rate %
|
|
Fidelity Nordic Fund
|
.85
|
Total Management Fee Rate %
|
|
Fidelity Nordic Fund
|
.82
|
Amount ($)
|
|
Fidelity Nordic Fund
|
1
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Nordic Fund
|
3,549,430
|
-
|
-
|
Amount ($)
|
|
Fidelity Nordic Fund
|
245
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Nordic Fund
|
531
|
-
|
-
|
Common Stocks - 95.5%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 7.7%
|
|||
Financials - 4.7%
|
|||
Capital Markets - 2.8%
|
|||
HUB24 Ltd
|
177,757
|
8,212,160
|
|
Macquarie Group Ltd
|
92,404
|
11,418,830
|
|
19,630,990
|
|||
Financial Services - 1.9%
|
|||
Challenger Ltd
|
2,079,470
|
9,422,418
|
|
Cuscal Ltd (a)
|
2,233,531
|
3,699,112
|
|
13,121,530
|
|||
TOTAL FINANCIALS
|
32,752,520
|
||
Health Care - 1.3%
|
|||
Health Care Providers & Services - 1.3%
|
|||
Sonic Healthcare Ltd
|
531,841
|
8,880,133
|
|
Industrials - 0.7%
|
|||
Commercial Services & Supplies - 0.7%
|
|||
Brambles Ltd
|
382,033
|
5,020,548
|
|
Information Technology - 0.6%
|
|||
Software - 0.6%
|
|||
Canva Inc Class A (a)(b)(c)
|
3,524
|
4,070,220
|
|
Materials - 0.4%
|
|||
Metals & Mining - 0.4%
|
|||
Lynas Rare Earths Ltd (a)
|
668,295
|
3,653,406
|
|
TOTAL AUSTRALIA
|
54,376,827
|
||
CHINA - 22.4%
|
|||
Communication Services - 7.4%
|
|||
Entertainment - 2.2%
|
|||
DouYu International Holdings Ltd ADR (d)
|
887,510
|
6,611,950
|
|
HUYA Inc Class A ADR (d)
|
2,391,957
|
8,993,758
|
|
15,605,708
|
|||
Interactive Media & Services - 5.2%
|
|||
Tencent Holdings Ltd
|
583,400
|
35,733,807
|
|
TOTAL COMMUNICATION SERVICES
|
51,339,515
|
||
Consumer Discretionary - 8.1%
|
|||
Broadline Retail - 3.1%
|
|||
Alibaba Group Holding Ltd
|
143,800
|
2,146,938
|
|
PDD Holdings Inc Class A ADR (a)
|
181,400
|
19,150,399
|
|
21,297,337
|
|||
Diversified Consumer Services - 2.0%
|
|||
New Oriental Education & Technology Group Inc
|
435,700
|
2,134,577
|
|
New Oriental Education & Technology Group Inc ADR
|
56,900
|
2,779,565
|
|
TAL Education Group Class A ADR (a)
|
1,081,100
|
9,459,626
|
|
14,373,768
|
|||
Hotels, Restaurants & Leisure - 2.7%
|
|||
Atour Lifestyle Holdings Ltd ADR
|
246,116
|
6,015,075
|
|
TravelSky Technology Ltd H Shares
|
8,710,000
|
12,151,504
|
|
18,166,579
|
|||
Household Durables - 0.3%
|
|||
Chervon Holdings Ltd
|
1,226,200
|
2,055,366
|
|
TOTAL CONSUMER DISCRETIONARY
|
55,893,050
|
||
Financials - 0.9%
|
|||
Capital Markets - 0.9%
|
|||
Noah Holdings Ltd Class A ADR
|
721,400
|
6,629,666
|
|
Health Care - 3.4%
|
|||
Biotechnology - 1.9%
|
|||
Beijing Tiantan Biological Products Corp Ltd A Shares (China)
|
962,200
|
2,525,217
|
|
Zai Lab Ltd (a)
|
1,791,200
|
5,705,692
|
|
Zai Lab Ltd ADR (a)
|
162,700
|
5,155,963
|
|
13,386,872
|
|||
Health Care Equipment & Supplies - 1.5%
|
|||
Zylox-Tonbridge Medical Technology Co Ltd H Shares (a)(f)(g)
|
4,632,000
|
10,834,040
|
|
TOTAL HEALTH CARE
|
24,220,912
|
||
Industrials - 1.0%
|
|||
Ground Transportation - 0.5%
|
|||
Full Truck Alliance Co Ltd ADR
|
327,100
|
3,715,856
|
|
Machinery - 0.5%
|
|||
Zhejiang Sanhua Intelligent Controls Co Ltd A Shares (China)
|
902,900
|
3,333,495
|
|
TOTAL INDUSTRIALS
|
7,049,351
|
||
Information Technology - 1.1%
|
|||
Semiconductors & Semiconductor Equipment - 0.9%
|
|||
Daqo New Energy Corp ADR (a)
|
195,000
|
2,484,300
|
|
Flat Glass Group Co Ltd H Shares (d)
|
3,456,000
|
3,912,486
|
|
6,396,786
|
|||
Software - 0.2%
|
|||
Pony AI Inc ADR (d)
|
175,700
|
1,597,113
|
|
TOTAL INFORMATION TECHNOLOGY
|
7,993,899
|
||
Utilities - 0.5%
|
|||
Gas Utilities - 0.5%
|
|||
Kunlun Energy Co Ltd
|
3,888,000
|
3,709,732
|
|
TOTAL CHINA
|
156,836,125
|
||
HONG KONG - 3.2%
|
|||
Financials - 3.2%
|
|||
Insurance - 3.2%
|
|||
AIA Group Ltd
|
2,210,400
|
16,562,342
|
|
Prudential PLC
|
577,619
|
6,141,696
|
|
Prudential PLC rights (a)(h)
|
577,619
|
97,209
|
|
22,801,247
|
|||
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
China Metal Recycling Holdings Ltd (a)(b)
|
2,572,200
|
3
|
|
TOTAL HONG KONG
|
22,801,250
|
||
INDONESIA - 1.4%
|
|||
Financials - 1.4%
|
|||
Banks - 1.4%
|
|||
Bank Central Asia Tbk PT
|
6,792,100
|
3,611,296
|
|
Bank Rakyat Indonesia Persero Tbk PT
|
28,040,000
|
6,494,338
|
|
TOTAL INDONESIA
|
10,105,634
|
||
JAPAN - 37.3%
|
|||
Communication Services - 3.4%
|
|||
Entertainment - 3.4%
|
|||
Daiichikosho Co Ltd
|
232,600
|
2,715,131
|
|
Nintendo Co Ltd
|
254,500
|
21,128,592
|
|
23,843,723
|
|||
Consumer Discretionary - 7.0%
|
|||
Broadline Retail - 1.0%
|
|||
Pan Pacific International Holdings Corp
|
236,200
|
7,285,229
|
|
Hotels, Restaurants & Leisure - 1.1%
|
|||
Kyoritsu Maintenance Co Ltd (d)
|
352,700
|
7,447,205
|
|
Household Durables - 4.3%
|
|||
Open House Group Co Ltd (d)
|
177,300
|
7,834,532
|
|
Sony Group Corp
|
848,100
|
22,375,251
|
|
30,209,783
|
|||
Specialty Retail - 0.6%
|
|||
ZOZO Inc
|
439,500
|
4,463,337
|
|
TOTAL CONSUMER DISCRETIONARY
|
49,405,554
|
||
Consumer Staples - 1.3%
|
|||
Consumer Staples Distribution & Retail - 0.8%
|
|||
Seven & i Holdings Co Ltd
|
360,300
|
5,303,840
|
|
Personal Care Products - 0.5%
|
|||
Rohto Pharmaceutical Co Ltd
|
228,000
|
3,803,189
|
|
TOTAL CONSUMER STAPLES
|
9,107,029
|
||
Energy - 0.4%
|
|||
Oil, Gas & Consumable Fuels - 0.4%
|
|||
ENEOS Holdings Inc
|
595,800
|
2,868,318
|
|
Financials - 4.2%
|
|||
Banks - 0.7%
|
|||
Sumitomo Mitsui Financial Group Inc
|
191,400
|
4,566,271
|
|
Financial Services - 2.1%
|
|||
ORIX Corp
|
751,800
|
15,081,131
|
|
Insurance - 1.4%
|
|||
LIFENET INSURANCE CO (a)(d)
|
370,100
|
4,633,368
|
|
Tokio Marine Holdings Inc
|
128,300
|
5,142,569
|
|
9,775,937
|
|||
TOTAL FINANCIALS
|
29,423,339
|
||
Health Care - 2.2%
|
|||
Health Care Equipment & Supplies - 1.8%
|
|||
Hoya Corp
|
108,600
|
12,778,548
|
|
Health Care Providers & Services - 0.4%
|
|||
CUC Inc (a)(d)
|
326,100
|
2,558,989
|
|
TOTAL HEALTH CARE
|
15,337,537
|
||
Industrials - 9.6%
|
|||
Electrical Equipment - 1.7%
|
|||
Fuji Electric Co Ltd
|
95,700
|
4,255,469
|
|
NIDEC CORP
|
414,500
|
7,366,218
|
|
11,621,687
|
|||
Industrial Conglomerates - 2.7%
|
|||
Hitachi Ltd
|
765,200
|
18,912,313
|
|
Machinery - 2.6%
|
|||
IHI Corp
|
80,400
|
6,297,907
|
|
Mitsubishi Heavy Industries Ltd
|
322,100
|
6,349,508
|
|
Toyota Industries Corp
|
45,200
|
5,298,307
|
|
17,945,722
|
|||
Professional Services - 2.6%
|
|||
BayCurrent Inc
|
127,600
|
6,875,549
|
|
Funai Soken Holdings Inc
|
257,200
|
4,101,385
|
|
SMS Co Ltd
|
272,600
|
2,529,052
|
|
Visional Inc (a)
|
81,900
|
4,953,638
|
|
18,459,624
|
|||
TOTAL INDUSTRIALS
|
66,939,346
|
||
Information Technology - 7.7%
|
|||
Electronic Equipment, Instruments & Components - 1.3%
|
|||
Hamamatsu Photonics KK (d)
|
574,700
|
5,307,675
|
|
Ibiden Co Ltd
|
140,600
|
3,886,216
|
|
9,193,891
|
|||
IT Services - 2.0%
|
|||
Fujitsu Ltd
|
392,000
|
8,708,461
|
|
NSD Co Ltd
|
228,200
|
5,361,056
|
|
14,069,517
|
|||
Semiconductors & Semiconductor Equipment - 2.3%
|
|||
Advantest Corp
|
68,400
|
2,861,579
|
|
Megachips Corp
|
83,150
|
2,701,299
|
|
Renesas Electronics Corp
|
882,600
|
10,357,544
|
|
15,920,422
|
|||
Software - 1.1%
|
|||
Money Forward Inc (a)
|
254,300
|
7,592,717
|
|
Technology Hardware, Storage & Peripherals - 1.0%
|
|||
FUJIFILM Holdings Corp
|
349,800
|
7,164,740
|
|
TOTAL INFORMATION TECHNOLOGY
|
53,941,287
|
||
Materials - 1.5%
|
|||
Chemicals - 1.5%
|
|||
Kuraray Co Ltd
|
332,700
|
3,886,432
|
|
Shin-Etsu Chemical Co Ltd
|
142,400
|
4,333,445
|
|
Toyo Gosei Co Ltd (d)
|
61,700
|
2,077,811
|
|
10,297,688
|
|||
TOTAL JAPAN
|
261,163,821
|
||
KOREA (SOUTH) - 7.6%
|
|||
Communication Services - 4.9%
|
|||
Diversified Telecommunication Services - 3.7%
|
|||
KT Corp
|
326,740
|
11,915,509
|
|
KT Corp ADR
|
713,300
|
13,880,818
|
|
25,796,327
|
|||
Interactive Media & Services - 1.2%
|
|||
Kakao Corp
|
133,830
|
3,587,940
|
|
Webtoon Entertainment Inc (a)(d)
|
514,503
|
4,630,527
|
|
8,218,467
|
|||
TOTAL COMMUNICATION SERVICES
|
34,014,794
|
||
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
KB Financial Group Inc
|
111,279
|
7,018,277
|
|
Information Technology - 1.7%
|
|||
Technology Hardware, Storage & Peripherals - 1.7%
|
|||
Samsung Electronics Co Ltd
|
310,870
|
12,104,518
|
|
TOTAL KOREA (SOUTH)
|
53,137,589
|
||
NEW ZEALAND - 0.6%
|
|||
Health Care - 0.6%
|
|||
Health Care Providers & Services - 0.6%
|
|||
Ryman Healthcare Ltd (a)
|
3,436,373
|
4,507,317
|
|
PHILIPPINES - 0.4%
|
|||
Real Estate - 0.4%
|
|||
Real Estate Management & Development - 0.4%
|
|||
Robinsons Land Corp
|
13,355,500
|
2,796,455
|
|
SINGAPORE - 1.4%
|
|||
Communication Services - 1.4%
|
|||
Entertainment - 1.4%
|
|||
Sea Ltd Class A ADR (a)
|
74,700
|
10,013,535
|
|
TAIWAN - 9.6%
|
|||
Information Technology - 9.6%
|
|||
Semiconductors & Semiconductor Equipment - 9.6%
|
|||
eMemory Technology Inc
|
69,000
|
5,544,888
|
|
Taiwan Semiconductor Manufacturing Co Ltd
|
2,200,000
|
62,211,530
|
|
TOTAL TAIWAN
|
67,756,418
|
||
UNITED STATES - 3.9%
|
|||
Health Care - 1.3%
|
|||
Biotechnology - 1.0%
|
|||
Legend Biotech Corp ADR (a)
|
199,800
|
6,983,010
|
|
Health Care Equipment & Supplies - 0.3%
|
|||
Anteris Technologies Global Corp depository receipt
|
452,994
|
2,483,658
|
|
GI Dynamics Inc (a)(b)
|
111,225
|
1
|
|
2,483,659
|
|||
TOTAL HEALTH CARE
|
9,466,669
|
||
Industrials - 0.6%
|
|||
Aerospace & Defense - 0.6%
|
|||
Space Exploration Technologies Corp (a)(b)(c)
|
22,539
|
4,169,715
|
|
Information Technology - 1.5%
|
|||
Semiconductors & Semiconductor Equipment - 1.5%
|
|||
Amkor Technology Inc
|
582,800
|
10,169,860
|
|
Materials - 0.5%
|
|||
Construction Materials - 0.5%
|
|||
James Hardie Industries PLC depository receipt (a)
|
150,000
|
3,520,830
|
|
TOTAL UNITED STATES
|
27,327,074
|
||
TOTAL COMMON STOCKS
(Cost $508,994,472)
|
670,822,045
|
||
Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Canva Inc Series A (a)(b)(c)
|
85
|
98,175
|
|
Canva Inc Series A2 (a)(b)(c)
|
15
|
17,325
|
|
TOTAL AUSTRALIA
|
115,500
|
||
CHINA - 0.1%
|
|||
Health Care - 0.1%
|
|||
Health Care Providers & Services - 0.1%
|
|||
dMed Biopharmaceutical Co Ltd Series C (a)(b)(c)
|
76,206
|
611,172
|
|
INDIA - 0.1%
|
|||
Consumer Discretionary - 0.1%
|
|||
Broadline Retail - 0.1%
|
|||
Meesho Series D2 (b)(c)
|
4,012
|
304,350
|
|
Meesho Series E (b)(c)
|
668
|
50,674
|
|
Meesho Series F (a)(b)(c)
|
620
|
47,976
|
|
TOTAL INDIA
|
403,000
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $1,485,831)
|
1,129,672
|
||
Non-Convertible Preferred Stocks - 3.2%
|
|||
Shares
|
Value ($)
|
||
KOREA (SOUTH) - 3.2%
|
|||
Financials - 0.8%
|
|||
Insurance - 0.8%
|
|||
Samsung Fire & Marine Insurance Co Ltd
|
30,652
|
6,076,594
|
|
Information Technology - 2.4%
|
|||
Technology Hardware, Storage & Peripherals - 2.4%
|
|||
Samsung Electronics Co Ltd
|
507,610
|
16,722,188
|
|
TOTAL KOREA (SOUTH)
|
22,798,782
|
||
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
(Cost $23,049,922)
|
22,798,782
|
||
Money Market Funds - 3.5%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (i)
|
4.33
|
5,597,693
|
5,598,813
|
|
Fidelity Securities Lending Cash Central Fund (e)(i)
|
4.33
|
19,202,607
|
19,204,527
|
|
TOTAL MONEY MARKET FUNDS
(Cost $24,803,340)
|
24,803,340
|
|||
TOTAL INVESTMENT IN SECURITIES - 102.4%
(Cost $558,333,565)
|
719,553,839
|
NET OTHER ASSETS (LIABILITIES) - (2.4)%
|
(17,177,477)
|
NET ASSETS - 100.0%
|
702,376,362
|
(a)
|
Non-income producing
|
(b)
|
Level 3 security
|
(c)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $9,369,607 or 1.3% of net assets.
|
(d)
|
Security or a portion of the security is on loan at period end.
|
(e)
|
Investment made with cash collateral received from securities on loan.
|
(f)
|
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 $10,834,040 or 1.5% of net assets.
|
(g)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $10,834,040 or 1.5% of net assets.
|
(h)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(i)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Canva Inc Class A
|
3/18/24 - 12/23/24
|
4,092,290
|
Canva Inc Series A
|
9/22/23
|
90,666
|
Canva Inc Series A2
|
9/22/23
|
16,000
|
dMed Biopharmaceutical Co Ltd Series C
|
12/01/20
|
1,082,365
|
Meesho Series D2
|
7/15/24
|
224,672
|
Meesho Series E
|
7/15/24
|
37,408
|
Meesho Series F
|
7/15/24
|
34,720
|
Space Exploration Technologies Corp
|
2/16/21 - 5/24/22
|
1,437,725
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
1,294,188
|
86,349,674
|
82,045,049
|
83,663
|
-
|
-
|
5,598,813
|
5,597,693
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
22,547,314
|
94,174,801
|
97,517,588
|
321,448
|
-
|
-
|
19,204,527
|
19,202,607
|
0.1%
|
Total
|
23,841,502
|
180,524,475
|
179,562,637
|
405,111
|
-
|
-
|
24,803,340
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
119,211,567
|
46,845,719
|
72,365,848
|
-
|
Consumer Discretionary
|
105,298,604
|
74,178,501
|
31,120,103
|
-
|
Consumer Staples
|
9,107,029
|
3,803,189
|
5,303,840
|
-
|
Energy
|
2,868,318
|
-
|
2,868,318
|
-
|
Financials
|
108,730,683
|
11,360,243
|
97,370,440
|
-
|
Health Care
|
62,412,568
|
25,532,002
|
36,880,565
|
1
|
Industrials
|
83,178,960
|
20,598,238
|
58,411,007
|
4,169,715
|
Information Technology
|
156,036,202
|
43,012,722
|
108,953,260
|
4,070,220
|
Materials
|
17,471,927
|
2,077,811
|
15,394,113
|
3
|
Real Estate
|
2,796,455
|
-
|
2,796,455
|
-
|
Utilities
|
3,709,732
|
3,709,732
|
-
|
-
|
Convertible Preferred Stocks
|
||||
Consumer Discretionary
|
403,000
|
-
|
-
|
403,000
|
Health Care
|
611,172
|
-
|
-
|
611,172
|
Information Technology
|
115,500
|
-
|
-
|
115,500
|
Non-Convertible Preferred Stocks
|
||||
Financials
|
6,076,594
|
-
|
6,076,594
|
-
|
Information Technology
|
16,722,188
|
-
|
16,722,188
|
-
|
Money Market Funds
|
24,803,340
|
24,803,340
|
-
|
-
|
Total Investments in Securities:
|
719,553,839
|
255,921,497
|
454,262,731
|
9,369,611
|
Beginning Balance ($)
|
Net Realized Gain (Loss) on Investement Securities ($)
|
Net Unrealized Gain (Loss) on Investement Securities ($)
|
Cost of Purchases ($)
|
Proceeds of Sales ($)
|
Amoritization/
Accretion ($)
|
Transfers into Level 3 ($)
|
Transfers out of Level 3 ($)
|
Ending Balance ($)
|
The Change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2025($)
|
|
Common Stocks
|
4,822,286
|
-
|
1,418,152
|
1,999,501
|
-
|
-
|
-
|
-
|
8,239,939
|
1,418,152
|
Convertible Preferred Stocks
|
882,109
|
(27,172)
|
411,851
|
-
|
(137,116)
|
-
|
-
|
-
|
1,129,672
|
411,851
|
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $18,166,589) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $533,530,225)
|
$
|
694,750,499
|
||
Fidelity Central Funds (cost $24,803,340)
|
24,803,340
|
|||
Total Investment in Securities (cost $558,333,565)
|
$
|
719,553,839
|
||
Foreign currency held at value (cost $17)
|
17
|
|||
Receivable for investments sold
|
23,327
|
|||
Receivable for fund shares sold
|
493,920
|
|||
Dividends receivable
|
2,419,411
|
|||
Distributions receivable from Fidelity Central Funds
|
33,978
|
|||
Prepaid expenses
|
204
|
|||
Other receivables
|
130,421
|
|||
Total assets
|
722,655,117
|
|||
Liabilities
|
||||
Payable to custodian bank
|
$
|
1,799
|
||
Payable for investments purchased
|
||||
Regular delivery
|
11,489
|
|||
Delayed delivery
|
97,209
|
|||
Payable for fund shares redeemed
|
358,057
|
|||
Accrued management fee
|
560,827
|
|||
Other payables and accrued expenses
|
44,847
|
|||
Collateral on securities loaned
|
19,204,527
|
|||
Total liabilities
|
20,278,755
|
|||
Net Assets
|
$
|
702,376,362
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
545,773,593
|
||
Total accumulated earnings (loss)
|
156,602,769
|
|||
Net Assets
|
$
|
702,376,362
|
||
Net Asset Value, offering price and redemption price per share ($702,376,362 ÷ 22,002,786 shares)
|
$
|
31.92
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
5,889,765
|
||
Special dividends
|
8,821,849
|
|||
Income from Fidelity Central Funds (including $321,448 from security lending)
|
405,111
|
|||
Income before foreign taxes withheld
|
$
|
15,116,725
|
||
Less foreign taxes withheld
|
(712,832)
|
|||
Total income
|
14,403,893
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
2,855,466
|
||
Performance adjustment
|
112,947
|
|||
Custodian fees and expenses
|
66,291
|
|||
Independent trustees' fees and expenses
|
1,519
|
|||
Registration fees
|
17,481
|
|||
Audit fees
|
45,451
|
|||
Legal
|
1,155
|
|||
Interest
|
6,817
|
|||
Miscellaneous
|
1,154
|
|||
Total expenses
|
3,108,281
|
|||
Net Investment income (loss)
|
11,295,612
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
9,754,641
|
|||
Foreign currency transactions
|
(13,378)
|
|||
Total net realized gain (loss)
|
9,741,263
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $13,632)
|
(23,763,235)
|
|||
Assets and liabilities in foreign currencies
|
192,329
|
|||
Total change in net unrealized appreciation (depreciation)
|
(23,570,906)
|
|||
Net gain (loss)
|
(13,829,643)
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
(2,534,031)
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
11,295,612
|
$
|
19,714,129
|
Net realized gain (loss)
|
9,741,263
|
6,434,285
|
||
Change in net unrealized appreciation (depreciation)
|
(23,570,906)
|
145,497,408
|
||
Net increase (decrease) in net assets resulting from operations
|
(2,534,031)
|
171,645,822
|
||
Distributions to shareholders
|
(38,319,917)
|
(36,646,040)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
54,080,016
|
40,195,016
|
||
Reinvestment of distributions
|
28,600,287
|
28,015,888
|
||
Cost of shares redeemed
|
(55,135,712)
|
(137,490,015)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
27,544,591
|
(69,279,111)
|
||
Total increase (decrease) in net assets
|
(13,309,357)
|
65,720,671
|
||
Net Assets
|
||||
Beginning of period
|
715,685,719
|
649,965,048
|
||
End of period
|
$
|
702,376,362
|
$
|
715,685,719
|
Other Information
|
||||
Shares
|
||||
Sold
|
1,688,933
|
1,319,130
|
||
Issued in reinvestment of distributions
|
909,678
|
1,000,210
|
||
Redeemed
|
(1,735,856)
|
(4,570,449)
|
||
Net increase (decrease)
|
862,755
|
(2,251,109)
|
||
Fidelity® Pacific Basin Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
33.85
|
$
|
27.79
|
$
|
25.99
|
$
|
46.10
|
$
|
40.16
|
$
|
32.65
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.52 C
|
.88 D
|
.32 E
|
.22
|
.15
|
.16
|
||||||
Net realized and unrealized gain (loss)
|
(.62)
|
6.77
|
3.88
|
(14.49)
|
7.74
|
7.61
|
||||||
Total from investment operations
|
(.10)
|
7.65
|
4.20
|
(14.27)
|
7.89
|
7.77
|
||||||
Distributions from net investment income
|
(1.83)
|
(.25)
|
-
|
(1.17) F
|
(.10)
|
(.26)
|
||||||
Distributions from net realized gain
|
-
|
(1.34)
|
(2.40)
|
(4.67) F
|
(1.85)
|
-
|
||||||
Total distributions
|
(1.83)
|
(1.59)
|
(2.40)
|
(5.84)
|
(1.95)
|
(.26)
|
||||||
Net asset value, end of period
|
$
|
31.92
|
$
|
33.85
|
$
|
27.79
|
$
|
25.99
|
$
|
46.10
|
$
|
40.16
|
Total Return G,H
|
(.21) % |
28.70%
|
16.06%
|
(35.11)%
|
20.08%
|
23.95%
|
||||||
Ratios to Average Net Assets B,I,J
|
||||||||||||
Expenses before reductions
|
.90% K
|
.88%
|
1.07%
|
1.12%
|
1.04%
|
1.11%
|
||||||
Expenses net of fee waivers, if any
|
.90 % K |
.88%
|
1.07%
|
1.12%
|
1.04%
|
1.11%
|
||||||
Expenses net of all reductions, if any
|
.90% K
|
.88%
|
1.07%
|
1.12%
|
1.04%
|
1.10%
|
||||||
Net investment income (loss)
|
2.01% C,K
|
2.88% D
|
1.08% E
|
.64%
|
.32%
|
.47%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
702,376
|
$
|
715,686
|
$
|
649,965
|
$
|
657,558
|
$
|
1,214,726
|
$
|
1,084,673
|
Portfolio turnover rate L
|
53 % K |
61%
|
46%
|
29%
|
40%
|
27%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Asset Type
|
Fair Value
|
Valuation Technique(s)
|
Unobservable Input
|
Amount or Range/Weighted Average
|
Impact to Valuation from an Increase in InputA
|
Common Stock
|
$8,239,939
|
Market comparable
|
Enterprise value/EBITDA multiple (EV/EBITDA)
|
31.5
|
Increase
|
Enterprise value/Revenue multiple (EV/R)
|
10.0
|
Increase
|
|||
Recovery value
|
Recovery value
|
$0.00
|
Increase
|
||
Convertible Preferred Stock
|
$1,129,672
|
Market comparable
|
Enterprise value/Revenue multiple (EV/R)
|
3.8% - 10.0% / 5.1%
|
Increase
|
Market approach
|
Discount rate
|
10.0%
|
Decrease
|
||
Transaction price
|
$15.40
|
Increase
|
|||
Black scholes
|
Discount rate
|
3.9%
|
Increase
|
||
Term
|
3.0
|
Increase
|
|||
Volatility
|
60.0%
|
Increase
|
Gross unrealized appreciation
|
$193,402,908
|
Gross unrealized depreciation
|
(52,808,810)
|
Net unrealized appreciation (depreciation)
|
$140,594,098
|
Tax cost
|
$578,959,741
|
Short-term
|
$(620,529)
|
Total capital loss carryforward
|
$(620,529)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Pacific Basin Fund
|
183,289,248
|
186,120,548
|
Maximum Management Fee Rate %
|
|
Fidelity Pacific Basin Fund
|
.83
|
Total Management Fee Rate %
|
|
Fidelity Pacific Basin Fund
|
.83
|
Performance Adjustment Index
|
|
Fidelity Pacific Basin Fund
|
MSCI All Country Pacific Index
|
Amount ($)
|
|
Fidelity Pacific Basin Fund
|
4,132
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Pacific Basin Fund
|
Borrower
|
4,589,100
|
4.70%
|
5,998
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Pacific Basin Fund
|
-
|
688,168
|
27,680
|
Amount ($)
|
|
Fidelity Pacific Basin Fund
|
541
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Pacific Basin Fund
|
33,919
|
-
|
-
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Pacific Basin Fund
|
555,000
|
4.83%
|
819
|
Strategic Advisers Fidelity International Fund
|
|
Fidelity Pacific Basin Fund
|
17%
|
![]() |
Contents
Common Stocks - 92.4%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 3.4%
|
|||
Financials - 1.1%
|
|||
Banks - 0.2%
|
|||
Commonwealth Bank of Australia
|
40,029
|
4,266,656
|
|
Capital Markets - 0.9%
|
|||
Macquarie Group Ltd
|
142,460
|
17,604,503
|
|
TOTAL FINANCIALS
|
21,871,159
|
||
Materials - 2.3%
|
|||
Metals & Mining - 2.3%
|
|||
BHP Group Ltd
|
1,343,609
|
32,023,109
|
|
Glencore PLC
|
4,898,300
|
16,060,232
|
|
48,083,341
|
|||
TOTAL AUSTRALIA
|
69,954,500
|
||
BELGIUM - 1.8%
|
|||
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
KBC Group NV
|
220,416
|
20,240,541
|
|
Health Care - 0.8%
|
|||
Pharmaceuticals - 0.8%
|
|||
UCB SA
|
92,500
|
16,886,687
|
|
TOTAL BELGIUM
|
37,127,228
|
||
DENMARK - 0.6%
|
|||
Industrials - 0.6%
|
|||
Air Freight & Logistics - 0.6%
|
|||
DSV A/S
|
57,888
|
12,269,934
|
|
FINLAND - 1.7%
|
|||
Financials - 1.3%
|
|||
Insurance - 1.3%
|
|||
Mandatum Holding Oy
|
313,234
|
2,205,020
|
|
Sampo Oyj A Shares
|
2,500,570
|
25,052,222
|
|
27,257,242
|
|||
Utilities - 0.4%
|
|||
Electric Utilities - 0.4%
|
|||
Fortum Oyj
|
455,100
|
7,601,933
|
|
TOTAL FINLAND
|
34,859,175
|
||
FRANCE - 9.8%
|
|||
Communication Services - 0.5%
|
|||
Entertainment - 0.2%
|
|||
Vivendi SE
|
1,700,992
|
5,268,333
|
|
Media - 0.3%
|
|||
Canal+ SA
|
1,493,892
|
3,394,501
|
|
Louis Hachette Group
|
1,408,292
|
2,200,034
|
|
5,594,535
|
|||
TOTAL COMMUNICATION SERVICES
|
10,862,868
|
||
Consumer Staples - 1.6%
|
|||
Food Products - 1.6%
|
|||
Danone SA
|
393,100
|
33,824,847
|
|
Energy - 1.5%
|
|||
Oil, Gas & Consumable Fuels - 1.5%
|
|||
TotalEnergies SE
|
529,905
|
30,180,834
|
|
Financials - 4.0%
|
|||
Banks - 1.4%
|
|||
BNP Paribas SA
|
327,800
|
27,774,324
|
|
Insurance - 2.6%
|
|||
AXA SA
|
1,104,405
|
52,233,831
|
|
TOTAL FINANCIALS
|
80,008,155
|
||
Health Care - 0.3%
|
|||
Health Care Equipment & Supplies - 0.3%
|
|||
EssilorLuxottica SA
|
23,000
|
6,584,237
|
|
Industrials - 0.4%
|
|||
Building Products - 0.4%
|
|||
Cie de Saint-Gobain SA
|
75,500
|
8,208,210
|
|
Information Technology - 0.2%
|
|||
IT Services - 0.2%
|
|||
Alten SA
|
49,900
|
4,180,335
|
|
Materials - 1.3%
|
|||
Chemicals - 1.3%
|
|||
Air Liquide SA
|
129,507
|
26,610,866
|
|
TOTAL FRANCE
|
200,460,352
|
||
GERMANY - 13.2%
|
|||
Consumer Discretionary - 0.2%
|
|||
Automobiles - 0.2%
|
|||
Bayerische Motoren Werke AG
|
46,800
|
3,939,190
|
|
Financials - 4.8%
|
|||
Banks - 0.5%
|
|||
Commerzbank AG
|
354,400
|
9,322,413
|
|
Capital Markets - 1.2%
|
|||
Deutsche Bank AG
|
534,300
|
13,909,375
|
|
Deutsche Boerse AG
|
32,900
|
10,596,889
|
|
24,506,264
|
|||
Insurance - 3.1%
|
|||
Hannover Rueck SE
|
74,500
|
23,833,804
|
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a)
|
58,835
|
40,278,993
|
|
64,112,797
|
|||
TOTAL FINANCIALS
|
97,941,474
|
||
Health Care - 1.3%
|
|||
Health Care Providers & Services - 1.0%
|
|||
Fresenius SE & Co KGaA (a)
|
451,200
|
21,365,733
|
|
Pharmaceuticals - 0.3%
|
|||
Bayer AG
|
214,400
|
5,593,596
|
|
TOTAL HEALTH CARE
|
26,959,329
|
||
Industrials - 5.2%
|
|||
Aerospace & Defense - 2.4%
|
|||
Rheinmetall AG
|
27,738
|
47,239,275
|
|
Air Freight & Logistics - 0.8%
|
|||
Deutsche Post AG
|
397,600
|
16,988,656
|
|
Industrial Conglomerates - 1.7%
|
|||
Siemens AG
|
152,239
|
35,054,753
|
|
Machinery - 0.3%
|
|||
Daimler Truck Holding AG
|
152,100
|
6,058,296
|
|
TOTAL INDUSTRIALS
|
105,340,980
|
||
Materials - 0.9%
|
|||
Chemicals - 0.9%
|
|||
BASF SE (a)
|
229,300
|
11,710,232
|
|
Covestro AG
|
91,400
|
6,150,424
|
|
17,860,656
|
|||
Real Estate - 0.5%
|
|||
Real Estate Management & Development - 0.5%
|
|||
Vonovia SE
|
335,679
|
11,134,502
|
|
Utilities - 0.3%
|
|||
Independent Power and Renewable Electricity Producers - 0.3%
|
|||
RWE AG
|
174,400
|
6,772,673
|
|
TOTAL GERMANY
|
269,948,804
|
||
HONG KONG - 0.7%
|
|||
Financials - 0.7%
|
|||
Insurance - 0.7%
|
|||
Prudential PLC
|
1,277,846
|
13,587,054
|
|
Prudential PLC rights (a)(b)
|
1,473,146
|
247,921
|
|
TOTAL HONG KONG
|
13,834,975
|
||
INDIA - 0.6%
|
|||
Energy - 0.6%
|
|||
Oil, Gas & Consumable Fuels - 0.6%
|
|||
Reliance Industries Ltd GDR (c)
|
177,300
|
11,577,690
|
|
INDONESIA - 0.5%
|
|||
Financials - 0.5%
|
|||
Banks - 0.5%
|
|||
Bank Central Asia Tbk PT
|
18,812,600
|
10,002,483
|
|
ISRAEL - 0.2%
|
|||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
Teva Pharmaceutical Industries Ltd ADR (a)
|
259,100
|
4,018,641
|
|
ITALY - 4.9%
|
|||
Energy - 0.8%
|
|||
Oil, Gas & Consumable Fuels - 0.8%
|
|||
Eni SpA
|
1,143,000
|
16,369,516
|
|
Financials - 3.3%
|
|||
Banks - 3.3%
|
|||
Mediobanca Banca di Credito Finanziario SpA
|
1,467,425
|
29,897,768
|
|
UniCredit SpA
|
661,600
|
38,492,455
|
|
68,390,223
|
|||
Industrials - 0.8%
|
|||
Electrical Equipment - 0.3%
|
|||
Prysmian SpA
|
109,400
|
6,009,583
|
|
Passenger Airlines - 0.5%
|
|||
Ryanair Holdings PLC ADR
|
200,400
|
9,591,144
|
|
TOTAL INDUSTRIALS
|
15,600,727
|
||
TOTAL ITALY
|
100,360,466
|
||
JAPAN - 20.3%
|
|||
Communication Services - 2.2%
|
|||
Entertainment - 1.5%
|
|||
Nintendo Co Ltd
|
347,500
|
28,849,453
|
|
Interactive Media & Services - 0.4%
|
|||
LY Corp
|
2,370,600
|
8,965,662
|
|
Wireless Telecommunication Services - 0.3%
|
|||
SoftBank Group Corp
|
126,000
|
6,371,777
|
|
TOTAL COMMUNICATION SERVICES
|
44,186,892
|
||
Consumer Discretionary - 2.7%
|
|||
Automobile Components - 0.1%
|
|||
Denso Corp
|
169,400
|
2,187,282
|
|
Automobiles - 1.4%
|
|||
Toyota Motor Corp
|
1,516,300
|
28,960,450
|
|
Household Durables - 1.2%
|
|||
Sony Group Corp
|
674,400
|
17,792,559
|
|
Sumitomo Forestry Co Ltd
|
236,100
|
6,783,457
|
|
24,576,016
|
|||
TOTAL CONSUMER DISCRETIONARY
|
55,723,748
|
||
Energy - 0.4%
|
|||
Oil, Gas & Consumable Fuels - 0.4%
|
|||
Inpex Corp
|
581,000
|
7,268,019
|
|
Financials - 6.6%
|
|||
Banks - 4.3%
|
|||
Mitsubishi UFJ Financial Group Inc
|
3,513,361
|
44,265,289
|
|
Sumitomo Mitsui Financial Group Inc
|
1,782,900
|
42,535,026
|
|
86,800,315
|
|||
Financial Services - 0.8%
|
|||
ORIX Corp
|
838,900
|
16,828,360
|
|
Insurance - 1.5%
|
|||
Tokio Marine Holdings Inc
|
786,544
|
31,526,552
|
|
TOTAL FINANCIALS
|
135,155,227
|
||
Health Care - 0.1%
|
|||
Health Care Equipment & Supplies - 0.1%
|
|||
Hoya Corp
|
35,100
|
4,130,083
|
|
Industrials - 5.0%
|
|||
Industrial Conglomerates - 1.9%
|
|||
Hitachi Ltd
|
1,524,000
|
37,666,445
|
|
Machinery - 1.4%
|
|||
MINEBEA MITSUMI Inc
|
325,170
|
4,765,701
|
|
Mitsubishi Heavy Industries Ltd
|
1,241,800
|
24,479,413
|
|
29,245,114
|
|||
Trading Companies & Distributors - 1.7%
|
|||
ITOCHU Corp
|
374,800
|
19,168,374
|
|
Mitsui & Co Ltd
|
771,400
|
15,598,574
|
|
34,766,948
|
|||
TOTAL INDUSTRIALS
|
101,678,507
|
||
Information Technology - 2.5%
|
|||
Electronic Equipment, Instruments & Components - 0.1%
|
|||
Ibiden Co Ltd
|
117,200
|
3,239,435
|
|
IT Services - 1.3%
|
|||
Fujitsu Ltd
|
779,300
|
17,312,511
|
|
TIS Inc
|
311,901
|
9,011,491
|
|
26,324,002
|
|||
Semiconductors & Semiconductor Equipment - 0.5%
|
|||
Renesas Electronics Corp
|
802,417
|
9,416,575
|
|
Technology Hardware, Storage & Peripherals - 0.6%
|
|||
FUJIFILM Holdings Corp
|
632,700
|
12,959,207
|
|
TOTAL INFORMATION TECHNOLOGY
|
51,939,219
|
||
Materials - 0.8%
|
|||
Chemicals - 0.8%
|
|||
Shin-Etsu Chemical Co Ltd
|
571,200
|
17,382,469
|
|
TOTAL JAPAN
|
417,464,164
|
||
NETHERLANDS - 0.0%
|
|||
Communication Services - 0.0%
|
|||
Media - 0.0%
|
|||
Havas NV
|
1,403,292
|
2,318,129
|
|
SINGAPORE - 1.8%
|
|||
Communication Services - 0.6%
|
|||
Diversified Telecommunication Services - 0.6%
|
|||
Singapore Telecommunications Ltd
|
4,335,700
|
12,544,032
|
|
Financials - 1.2%
|
|||
Banks - 1.2%
|
|||
United Overseas Bank Ltd
|
942,305
|
25,026,532
|
|
TOTAL SINGAPORE
|
37,570,564
|
||
SOUTH AFRICA - 0.9%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Thungela Resources Ltd (United Kingdom)
|
85,381
|
425,564
|
|
Materials - 0.9%
|
|||
Metals & Mining - 0.9%
|
|||
Anglo American PLC
|
627,261
|
17,123,204
|
|
TOTAL SOUTH AFRICA
|
17,548,768
|
||
SPAIN - 3.1%
|
|||
Financials - 3.1%
|
|||
Banks - 3.1%
|
|||
Banco Santander SA (d)
|
7,278,682
|
50,974,639
|
|
Bankinter SA
|
1,102,900
|
12,794,063
|
|
TOTAL SPAIN
|
63,768,702
|
||
SWEDEN - 1.8%
|
|||
Financials - 1.8%
|
|||
Financial Services - 1.8%
|
|||
Investor AB B Shares
|
1,232,640
|
36,384,273
|
|
SWITZERLAND - 3.7%
|
|||
Financials - 3.7%
|
|||
Capital Markets - 0.4%
|
|||
UBS Group AG (United States)
|
303,226
|
9,166,522
|
|
Insurance - 3.3%
|
|||
Swiss Life Holding AG
|
21,423
|
21,336,047
|
|
Zurich Insurance Group AG
|
64,481
|
45,734,492
|
|
67,070,539
|
|||
TOTAL SWITZERLAND
|
76,237,061
|
||
UNITED KINGDOM - 13.7%
|
|||
Consumer Discretionary - 2.0%
|
|||
Broadline Retail - 0.2%
|
|||
B&M European Value Retail SA
|
797,100
|
3,573,561
|
|
Hotels, Restaurants & Leisure - 0.2%
|
|||
Flutter Entertainment PLC (United Kingdom) (a)
|
20,500
|
4,906,735
|
|
Household Durables - 1.5%
|
|||
Barratt Redrow PLC
|
4,935,661
|
30,639,185
|
|
Specialty Retail - 0.1%
|
|||
JD Sports Fashion PLC
|
1,941,000
|
2,032,684
|
|
TOTAL CONSUMER DISCRETIONARY
|
41,152,165
|
||
Consumer Staples - 2.2%
|
|||
Consumer Staples Distribution & Retail - 0.5%
|
|||
Tesco PLC
|
2,081,800
|
10,302,835
|
|
Tobacco - 1.7%
|
|||
Imperial Brands PLC
|
837,069
|
34,347,480
|
|
TOTAL CONSUMER STAPLES
|
44,650,315
|
||
Financials - 5.7%
|
|||
Banks - 4.1%
|
|||
HSBC Holdings PLC
|
2,994,600
|
33,381,930
|
|
Lloyds Banking Group PLC
|
31,119,139
|
30,573,881
|
|
Standard Chartered PLC
|
1,381,549
|
19,898,799
|
|
83,854,610
|
|||
Capital Markets - 0.9%
|
|||
London Stock Exchange Group PLC
|
117,200
|
18,249,391
|
|
Insurance - 0.7%
|
|||
Beazley PLC
|
1,183,600
|
13,951,959
|
|
TOTAL FINANCIALS
|
116,055,960
|
||
Health Care - 0.7%
|
|||
Pharmaceuticals - 0.7%
|
|||
Astrazeneca PLC
|
117,912
|
16,892,866
|
|
Industrials - 3.1%
|
|||
Aerospace & Defense - 2.7%
|
|||
BAE Systems PLC
|
1,753,610
|
40,653,302
|
|
Rolls-Royce Holdings PLC
|
1,416,300
|
14,336,461
|
|
54,989,763
|
|||
Trading Companies & Distributors - 0.4%
|
|||
Bunzl PLC
|
259,100
|
8,142,087
|
|
TOTAL INDUSTRIALS
|
63,131,850
|
||
TOTAL UNITED KINGDOM
|
281,883,156
|
||
UNITED STATES - 9.7%
|
|||
Energy - 2.9%
|
|||
Oil, Gas & Consumable Fuels - 2.9%
|
|||
Shell PLC ADR
|
925,700
|
59,689,136
|
|
Health Care - 2.5%
|
|||
Pharmaceuticals - 2.5%
|
|||
GSK PLC
|
434,752
|
8,600,563
|
|
Roche Holding AG
|
128,180
|
41,913,132
|
|
50,513,695
|
|||
Industrials - 0.3%
|
|||
Trading Companies & Distributors - 0.3%
|
|||
Ferguson Enterprises Inc (United Kingdom)
|
40,816
|
6,859,270
|
|
Materials - 4.0%
|
|||
Chemicals - 1.0%
|
|||
Linde PLC
|
43,714
|
19,812,496
|
|
Construction Materials - 3.0%
|
|||
CRH PLC
|
383,902
|
36,631,930
|
|
Holcim AG
|
222,130
|
24,822,579
|
|
61,454,509
|
|||
TOTAL MATERIALS
|
81,267,005
|
||
TOTAL UNITED STATES
|
198,329,106
|
||
TOTAL COMMON STOCKS
(Cost $1,502,561,829)
|
1,895,918,171
|
||
Non-Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
GERMANY - 0.2%
|
|||
Consumer Discretionary - 0.2%
|
|||
Automobiles - 0.2%
|
|||
Porsche Automobil Holding SE
(Cost $6,559,351)
|
120,600
|
4,972,438
|
|
Money Market Funds - 8.8%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (e)
|
4.33
|
136,034,110
|
136,061,317
|
|
Fidelity Securities Lending Cash Central Fund (e)(f)
|
4.33
|
44,832,186
|
44,836,669
|
|
TOTAL MONEY MARKET FUNDS
(Cost $180,897,986)
|
180,897,986
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.4%
(Cost $1,690,019,166)
|
2,081,788,595
|
NET OTHER ASSETS (LIABILITIES) - (1.4)%
|
(29,033,779)
|
NET ASSETS - 100.0%
|
2,052,754,816
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(c)
|
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 $11,577,690 or 0.6% of net assets.
|
(d)
|
Security or a portion of the security is on loan at period end.
|
(e)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(f)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
62,042,278
|
413,373,099
|
339,354,060
|
1,083,109
|
-
|
-
|
136,061,317
|
136,034,110
|
0.2%
|
Fidelity Securities Lending Cash Central Fund
|
4,015,254
|
97,793,598
|
56,972,183
|
7,529
|
-
|
-
|
44,836,669
|
44,832,186
|
0.1%
|
Total
|
66,057,532
|
511,166,697
|
396,326,243
|
1,090,638
|
-
|
-
|
180,897,986
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
69,911,921
|
13,180,997
|
56,730,924
|
-
|
Consumer Discretionary
|
100,815,103
|
51,874,812
|
48,940,291
|
-
|
Consumer Staples
|
78,475,162
|
-
|
78,475,162
|
-
|
Energy
|
125,510,759
|
71,692,390
|
53,818,369
|
-
|
Financials
|
792,174,007
|
244,264,345
|
547,909,662
|
-
|
Health Care
|
125,985,538
|
54,448,894
|
71,536,644
|
-
|
Industrials
|
313,089,478
|
22,508,710
|
290,580,768
|
-
|
Information Technology
|
56,119,554
|
16,431,261
|
39,688,293
|
-
|
Materials
|
208,327,541
|
62,594,850
|
145,732,691
|
-
|
Real Estate
|
11,134,502
|
-
|
11,134,502
|
-
|
Utilities
|
14,374,606
|
7,601,933
|
6,772,673
|
-
|
Non-Convertible Preferred Stocks
|
||||
Consumer Discretionary
|
4,972,438
|
-
|
4,972,438
|
-
|
Money Market Funds
|
180,897,986
|
180,897,986
|
-
|
-
|
Total Investments in Securities:
|
2,081,788,595
|
725,496,178
|
1,356,292,417
|
-
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $40,920,085) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $1,509,121,180)
|
$
|
1,900,890,609
|
||
Fidelity Central Funds (cost $180,897,986)
|
180,897,986
|
|||
Total Investment in Securities (cost $1,690,019,166)
|
$
|
2,081,788,595
|
||
Foreign currency held at value (cost $70,842)
|
72,738
|
|||
Receivable for investments sold
|
4,772,646
|
|||
Receivable for fund shares sold
|
8,790,897
|
|||
Dividends receivable
|
10,114,158
|
|||
Reclaims receivable
|
4,266,946
|
|||
Distributions receivable from Fidelity Central Funds
|
309,750
|
|||
Prepaid expenses
|
359
|
|||
Total assets
|
2,110,116,089
|
|||
Liabilities
|
||||
Payable for investments purchased
|
||||
Regular delivery
|
$
|
8,238,210
|
||
Delayed delivery
|
247,921
|
|||
Payable for fund shares redeemed
|
2,731,349
|
|||
Accrued management fee
|
1,249,395
|
|||
Distribution and service plan fees payable
|
11,220
|
|||
Other payables and accrued expenses
|
46,509
|
|||
Collateral on securities loaned
|
44,836,669
|
|||
Total liabilities
|
57,361,273
|
|||
Net Assets
|
$
|
2,052,754,816
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
1,741,030,898
|
||
Total accumulated earnings (loss)
|
311,723,918
|
|||
Net Assets
|
$
|
2,052,754,816
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($33,845,123 ÷ 2,855,492 shares)(a)
|
$
|
11.85
|
||
Maximum offering price per share (100/94.25 of $11.85)
|
$
|
12.57
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($6,146,651 ÷ 518,029 shares)(a)
|
$
|
11.87
|
||
Maximum offering price per share (100/96.50 of $11.87)
|
$
|
12.30
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($3,352,350 ÷ 280,951 shares)(a)
|
$
|
11.93
|
||
International Value :
|
||||
Net Asset Value, offering price and redemption price per share ($1,255,086,530 ÷ 105,950,849 shares)
|
$
|
11.85
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($226,730,730 ÷ 19,115,095 shares)
|
$
|
11.86
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($527,593,432 ÷ 44,500,681 shares)
|
$
|
11.86
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
26,719,451
|
||
Non-Cash dividends
|
7,980,455
|
|||
Income from Fidelity Central Funds (including $7,529 from security lending)
|
1,090,638
|
|||
Income before foreign taxes withheld
|
$
|
35,790,544
|
||
Less foreign taxes withheld
|
(1,686,412)
|
|||
Total income
|
34,104,132
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
6,385,901
|
||
Performance adjustment
|
(96,535)
|
|||
Distribution and service plan fees
|
54,518
|
|||
Custodian fees and expenses
|
48,349
|
|||
Independent trustees' fees and expenses
|
3,285
|
|||
Registration fees
|
161,272
|
|||
Audit fees
|
39,755
|
|||
Legal
|
1,075
|
|||
Miscellaneous
|
3,918
|
|||
Total expenses before reductions
|
6,601,538
|
|||
Expense reductions
|
(1,094)
|
|||
Total expenses after reductions
|
6,600,444
|
|||
Net Investment income (loss)
|
27,503,688
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
12,138,501
|
|||
Foreign currency transactions
|
(274,612)
|
|||
Total net realized gain (loss)
|
11,863,889
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
179,869,220
|
|||
Assets and liabilities in foreign currencies
|
516,331
|
|||
Total change in net unrealized appreciation (depreciation)
|
180,385,551
|
|||
Net gain (loss)
|
192,249,440
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
219,753,128
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
27,503,688
|
$
|
26,214,521
|
Net realized gain (loss)
|
11,863,889
|
(3,040,677)
|
||
Change in net unrealized appreciation (depreciation)
|
180,385,551
|
158,249,922
|
||
Net increase (decrease) in net assets resulting from operations
|
219,753,128
|
181,423,766
|
||
Distributions to shareholders
|
(42,013,169)
|
(16,926,327)
|
||
Share transactions - net increase (decrease)
|
402,730,660
|
590,603,012
|
||
Total increase (decrease) in net assets
|
580,470,619
|
755,100,451
|
||
Net Assets
|
||||
Beginning of period
|
1,472,284,197
|
717,183,746
|
||
End of period
|
$
|
2,052,754,816
|
$
|
1,472,284,197
|
Fidelity Advisor® International Value Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
10.70
|
$
|
8.85
|
$
|
7.64
|
$
|
9.65
|
$
|
6.87
|
$
|
8.25
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.17
|
.22
|
.20
|
.24
|
.25 C
|
.13
|
||||||
Net realized and unrealized gain (loss)
|
1.23
|
1.81
|
1.15
|
(1.87)
|
2.66
|
(1.24)
|
||||||
Total from investment operations
|
1.40
|
2.03
|
1.35
|
(1.63)
|
2.91
|
(1.11)
|
||||||
Distributions from net investment income
|
(.25)
|
(.18)
|
(.14)
|
(.38)
|
(.13)
|
(.24)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.25)
|
(.18)
|
(.14)
|
(.38)
|
(.13)
|
(.27)
|
||||||
Net asset value, end of period
|
$
|
11.85
|
$
|
10.70
|
$
|
8.85
|
$
|
7.64
|
$
|
9.65
|
$
|
6.87
|
Total Return D,E,F
|
13.42 % |
23.18%
|
17.72%
|
(17.43)%
|
42.56%
|
(14.01)%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.10% I
|
1.15%
|
1.33%
|
1.46%
|
1.37%
|
1.30%
|
||||||
Expenses net of fee waivers, if any
|
1.10 % I |
1.14%
|
1.29%
|
1.30%
|
1.33%
|
1.30%
|
||||||
Expenses net of all reductions, if any
|
1.10% I
|
1.14%
|
1.29%
|
1.30%
|
1.33%
|
1.28%
|
||||||
Net investment income (loss)
|
3.04% I
|
2.12%
|
2.21%
|
2.85%
|
2.77% C
|
1.71%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
33,845
|
$
|
20,609
|
$
|
17,133
|
$
|
12,080
|
$
|
10,566
|
$
|
5,947
|
Portfolio turnover rate J
|
34 % I |
29%
|
29%
|
25%
|
29% K
|
36%
|
Fidelity Advisor® International Value Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
10.69
|
$
|
8.84
|
$
|
7.63
|
$
|
9.63
|
$
|
6.86
|
$
|
8.24
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.15
|
.19
|
.18
|
.22
|
.23 C
|
.11
|
||||||
Net realized and unrealized gain (loss)
|
1.25
|
1.81
|
1.15
|
(1.87)
|
2.65
|
(1.25)
|
||||||
Total from investment operations
|
1.40
|
2.00
|
1.33
|
(1.65)
|
2.88
|
(1.14)
|
||||||
Distributions from net investment income
|
(.22)
|
(.15)
|
(.12)
|
(.35)
|
(.11)
|
(.21)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.22)
|
(.15)
|
(.12)
|
(.35)
|
(.11)
|
(.24)
|
||||||
Net asset value, end of period
|
$
|
11.87
|
$
|
10.69
|
$
|
8.84
|
$
|
7.63
|
$
|
9.63
|
$
|
6.86
|
Total Return D,E,F
|
13.37 % |
22.87%
|
17.45%
|
(17.65)%
|
42.20%
|
(14.29)%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.35% I
|
1.39%
|
1.59%
|
1.72%
|
1.62%
|
1.57%
|
||||||
Expenses net of fee waivers, if any
|
1.35 % I |
1.39%
|
1.54%
|
1.55%
|
1.58%
|
1.57%
|
||||||
Expenses net of all reductions, if any
|
1.35% I
|
1.39%
|
1.54%
|
1.55%
|
1.58%
|
1.55%
|
||||||
Net investment income (loss)
|
2.79% I
|
1.88%
|
1.97%
|
2.60%
|
2.51% C
|
1.44%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
6,147
|
$
|
4,730
|
$
|
4,196
|
$
|
3,498
|
$
|
4,375
|
$
|
2,884
|
Portfolio turnover rate J
|
34 % I |
29%
|
29%
|
25%
|
29% K
|
36%
|
Fidelity Advisor® International Value Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
10.72
|
$
|
8.85
|
$
|
7.64
|
$
|
9.60
|
$
|
6.85
|
$
|
8.22
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.13
|
.14
|
.13
|
.18
|
.18 C
|
.07
|
||||||
Net realized and unrealized gain (loss)
|
1.24
|
1.83
|
1.15
|
(1.87)
|
2.65
|
(1.24)
|
||||||
Total from investment operations
|
1.37
|
1.97
|
1.28
|
(1.69)
|
2.83
|
(1.17)
|
||||||
Distributions from net investment income
|
(.16)
|
(.10)
|
(.07)
|
(.27)
|
(.08)
|
(.17)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.16)
|
(.10)
|
(.07)
|
(.27)
|
(.08)
|
(.20)
|
||||||
Net asset value, end of period
|
$
|
11.93
|
$
|
10.72
|
$
|
8.85
|
$
|
7.64
|
$
|
9.60
|
$
|
6.85
|
Total Return D,E,F
|
12.94 % |
22.44%
|
16.74%
|
(18.01)%
|
41.45%
|
(14.67)%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.85% I
|
1.88%
|
2.09%
|
2.23%
|
2.12%
|
2.07%
|
||||||
Expenses net of fee waivers, if any
|
1.85 % I |
1.88%
|
2.05%
|
2.05%
|
2.09%
|
2.07%
|
||||||
Expenses net of all reductions, if any
|
1.85% I
|
1.88%
|
2.05%
|
2.05%
|
2.09%
|
2.05%
|
||||||
Net investment income (loss)
|
2.29% I
|
1.38%
|
1.46%
|
2.09%
|
2.00% C
|
.94%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
3,352
|
$
|
2,365
|
$
|
2,366
|
$
|
2,190
|
$
|
3,177
|
$
|
2,947
|
Portfolio turnover rate J
|
34 % I |
29%
|
29%
|
25%
|
29% K
|
36%
|
Fidelity® International Value Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
10.72
|
$
|
8.86
|
$
|
7.65
|
$
|
9.66
|
$
|
6.87
|
$
|
8.25
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.18
|
.25
|
.22
|
.26
|
.28 C
|
.15
|
||||||
Net realized and unrealized gain (loss)
|
1.24
|
1.81
|
1.15
|
(1.86)
|
2.66
|
(1.23)
|
||||||
Total from investment operations
|
1.42
|
2.06
|
1.37
|
(1.60)
|
2.94
|
(1.08)
|
||||||
Distributions from net investment income
|
(.29)
|
(.20)
|
(.16)
|
(.41)
|
(.15)
|
(.27)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.29)
|
(.20)
|
(.16)
|
(.41)
|
(.15)
|
(.30)
|
||||||
Net asset value, end of period
|
$
|
11.85
|
$
|
10.72
|
$
|
8.86
|
$
|
7.65
|
$
|
9.66
|
$
|
6.87
|
Total Return D,E
|
13.66 % |
23.58%
|
17.96%
|
(17.20)%
|
43.08%
|
(13.70)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.81% H
|
.89%
|
1.01%
|
1.13%
|
1.01%
|
.94%
|
||||||
Expenses net of fee waivers, if any
|
.81 % H |
.89%
|
1.01%
|
1.05%
|
1.01%
|
.94%
|
||||||
Expenses net of all reductions, if any
|
.81% H
|
.89%
|
1.01%
|
1.05%
|
1.01%
|
.92%
|
||||||
Net investment income (loss)
|
3.33% H
|
2.37%
|
2.50%
|
3.10%
|
3.09% C
|
2.07%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,255,087
|
$
|
885,896
|
$
|
443,836
|
$
|
367,478
|
$
|
372,441
|
$
|
406,661
|
Portfolio turnover rate I
|
34 % H |
29%
|
29%
|
25%
|
29% J
|
36%
|
Fidelity Advisor® International Value Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
10.73
|
$
|
8.87
|
$
|
7.66
|
$
|
9.67
|
$
|
6.88
|
$
|
8.26
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.18
|
.24
|
.22
|
.25
|
.28 C
|
.15
|
||||||
Net realized and unrealized gain (loss)
|
1.24
|
1.82
|
1.15
|
(1.86)
|
2.66
|
(1.24)
|
||||||
Total from investment operations
|
1.42
|
2.06
|
1.37
|
(1.61)
|
2.94
|
(1.09)
|
||||||
Distributions from net investment income
|
(.29)
|
(.20)
|
(.16)
|
(.40)
|
(.15)
|
(.26)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.29)
|
(.20)
|
(.16)
|
(.40)
|
(.15)
|
(.29)
|
||||||
Net asset value, end of period
|
$
|
11.86
|
$
|
10.73
|
$
|
8.87
|
$
|
7.66
|
$
|
9.67
|
$
|
6.88
|
Total Return D,E
|
13.62 % |
23.55%
|
17.97%
|
(17.23)%
|
43.05%
|
(13.75)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.85% H
|
.92%
|
1.02%
|
1.09%
|
1.07%
|
.98%
|
||||||
Expenses net of fee waivers, if any
|
.85 % H |
.92%
|
1.01%
|
1.04%
|
1.05%
|
.98%
|
||||||
Expenses net of all reductions, if any
|
.85% H
|
.92%
|
1.01%
|
1.04%
|
1.05%
|
.97%
|
||||||
Net investment income (loss)
|
3.29% H
|
2.34%
|
2.50%
|
3.10%
|
3.05% C
|
2.03%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
226,731
|
$
|
164,277
|
$
|
91,052
|
$
|
74,751
|
$
|
6,661
|
$
|
10,406
|
Portfolio turnover rate I
|
34 % H |
29%
|
29%
|
25%
|
29% J
|
36%
|
Fidelity Advisor® International Value Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
10.74
|
$
|
8.88
|
$
|
7.66
|
$
|
9.67
|
$
|
6.87
|
$
|
8.25
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.19
|
.26
|
.24
|
.26
|
.30 C
|
.16
|
||||||
Net realized and unrealized gain (loss)
|
1.23
|
1.82
|
1.15
|
(1.86)
|
2.65
|
(1.23)
|
||||||
Total from investment operations
|
1.42
|
2.08
|
1.39
|
(1.60)
|
2.95
|
(1.07)
|
||||||
Distributions from net investment income
|
(.30)
|
(.22)
|
(.17)
|
(.41)
|
(.15)
|
(.28)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.30)
|
(.22)
|
(.17)
|
(.41)
|
(.15)
|
(.31)
|
||||||
Net asset value, end of period
|
$
|
11.86
|
$
|
10.74
|
$
|
8.88
|
$
|
7.66
|
$
|
9.67
|
$
|
6.87
|
Total Return D,E
|
13.67 % |
23.71%
|
18.20%
|
(17.13)%
|
43.35%
|
(13.58)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.73% H
|
.79%
|
.87%
|
.94%
|
.89%
|
.82%
|
||||||
Expenses net of fee waivers, if any
|
.73 % H |
.79%
|
.86%
|
.89%
|
.89%
|
.82%
|
||||||
Expenses net of all reductions, if any
|
.73% H
|
.79%
|
.86%
|
.89%
|
.89%
|
.81%
|
||||||
Net investment income (loss)
|
3.41% H
|
2.47%
|
2.65%
|
3.25%
|
3.21% C
|
2.19%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
527,593
|
$
|
394,406
|
$
|
158,601
|
$
|
118,176
|
$
|
11,946
|
$
|
2,549
|
Portfolio turnover rate I
|
34 % H |
29%
|
29%
|
25%
|
29% J
|
36%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$441,772,432
|
Gross unrealized depreciation
|
(72,775,782)
|
Net unrealized appreciation (depreciation)
|
$368,996,650
|
Tax cost
|
$1,712,791,945
|
Short-term
|
$(39,068,564)
|
Long-term
|
(48,645,184)
|
Total capital loss carryforward
|
$(87,713,748)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Value Fund
|
548,976,383
|
267,811,130
|
Maximum Management Fee Rate %
|
|
Class A
|
.88
|
Class M
|
.88
|
Class C
|
.88
|
International Value
|
.87
|
Class I
|
.87
|
Class Z
|
.72
|
Total Management Fee Rate %
|
|
Class A
|
.83
|
Class M
|
.83
|
Class C
|
.83
|
International Value
|
.79
|
Class I
|
.83
|
Class Z
|
.71
|
Performance Adjustment Index
|
|
Fidelity International Value Fund
|
MSCI EAFE Value Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
29,567
|
2,094
|
Class M
|
.25%
|
.25%
|
12,508
|
148
|
Class C
|
.75%
|
.25%
|
12,443
|
1,085
|
54,518
|
3,327
|
Retained by FDC ($)
|
|
Class A
|
9,648
|
Class M
|
913
|
Class CA
|
27
|
10,588
|
Amount ($)
|
|
Fidelity International Value Fund
|
209
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Value Fund
|
59,383,592
|
1,870,688
|
284,538
|
Amount ($)
|
|
Fidelity International Value Fund
|
1,239
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Value Fund
|
702
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Value Fund
|
||
Distributions to shareholders
|
||
Class A
|
$488,630
|
$348,977
|
Class M
|
96,338
|
72,953
|
Class C
|
33,393
|
27,673
|
International Value
|
24,793,093
|
10,313,599
|
Class I
|
4,958,469
|
2,133,490
|
Class Z
|
11,643,246
|
4,029,635
|
Total
|
$42,013,169
|
$16,926,327
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Value Fund
|
||||
Class A
|
||||
Shares sold
|
1,117,724
|
409,712
|
$12,680,630
|
$4,210,717
|
Reinvestment of distributions
|
46,752
|
36,641
|
485,618
|
346,659
|
Shares redeemed
|
(234,965)
|
(457,274)
|
(2,563,190)
|
(4,730,489)
|
Net increase (decrease)
|
929,511
|
(10,921)
|
$10,603,058
|
$(173,113)
|
Class M
|
||||
Shares sold
|
90,380
|
25,444
|
$1,028,609
|
$257,449
|
Reinvestment of distributions
|
9,259
|
7,505
|
96,338
|
71,094
|
Shares redeemed
|
(23,924)
|
(65,455)
|
(258,018)
|
(674,620)
|
Net increase (decrease)
|
75,715
|
(32,506)
|
$866,929
|
$(346,077)
|
Class C
|
||||
Shares sold
|
87,350
|
24,053
|
$1,007,854
|
$245,624
|
Reinvestment of distributions
|
3,198
|
2,901
|
33,393
|
27,673
|
Shares redeemed
|
(30,352)
|
(73,408)
|
(331,945)
|
(749,686)
|
Net increase (decrease)
|
60,196
|
(46,454)
|
$709,302
|
$(476,389)
|
International Value
|
||||
Shares sold
|
40,914,979
|
43,576,697
|
$453,267,782
|
$455,952,864
|
Reinvestment of distributions
|
1,839,614
|
930,687
|
19,105,277
|
8,794,774
|
Shares redeemed
|
(19,430,870)
|
(11,974,365)
|
(207,659,071)
|
(123,234,962)
|
Net increase (decrease)
|
23,323,723
|
32,533,019
|
$264,713,988
|
$341,512,676
|
Class I
|
||||
Shares sold
|
7,489,746
|
11,977,758
|
$81,576,578
|
$126,009,409
|
Reinvestment of distributions
|
467,850
|
221,911
|
4,863,643
|
2,101,443
|
Shares redeemed
|
(4,146,244)
|
(7,158,179)
|
(44,772,244)
|
(75,842,662)
|
Net increase (decrease)
|
3,811,352
|
5,041,490
|
$41,667,977
|
$52,268,190
|
Class Z
|
||||
Shares sold
|
15,325,812
|
25,315,241
|
$166,502,847
|
$265,920,733
|
Reinvestment of distributions
|
853,657
|
352,743
|
8,868,907
|
3,336,691
|
Shares redeemed
|
(8,407,852)
|
(6,806,180)
|
(91,202,348)
|
(71,439,699)
|
Net increase (decrease)
|
7,771,617
|
18,861,804
|
$84,169,406
|
$197,817,725
|
![]() |
Contents
Common Stocks - 96.3%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 3.8%
|
|||
Consumer Discretionary - 0.3%
|
|||
Automobile Components - 0.3%
|
|||
Amotiv Ltd
|
3,180,629
|
15,771,575
|
|
Consumer Staples - 0.6%
|
|||
Food Products - 0.6%
|
|||
Inghams Group Ltd
|
12,709,168
|
27,901,227
|
|
Financials - 1.1%
|
|||
Insurance - 1.1%
|
|||
AUB Group Ltd
|
1,444,431
|
29,494,495
|
|
nib holdings Ltd/Australia
|
5,191,035
|
22,646,642
|
|
52,141,137
|
|||
Materials - 1.0%
|
|||
Metals & Mining - 1.0%
|
|||
Deterra Royalties Ltd
|
9,100,000
|
21,217,055
|
|
Imdex Ltd
|
15,235,985
|
28,823,362
|
|
50,040,417
|
|||
Real Estate - 0.8%
|
|||
Real Estate Management & Development - 0.5%
|
|||
Servcorp Ltd (a)
|
7,066,585
|
22,845,944
|
|
Specialized REITs - 0.3%
|
|||
National Storage REIT unit
|
10,281,996
|
15,118,798
|
|
TOTAL REAL ESTATE
|
37,964,742
|
||
TOTAL AUSTRALIA
|
183,819,098
|
||
AUSTRIA - 2.9%
|
|||
Communication Services - 1.0%
|
|||
Diversified Telecommunication Services - 1.0%
|
|||
Eurotelesites AG (b)
|
2,504,800
|
14,244,565
|
|
Telekom Austria AG
|
3,160,400
|
33,368,015
|
|
47,612,580
|
|||
Industrials - 0.7%
|
|||
Construction & Engineering - 0.7%
|
|||
Strabag SE
|
411,597
|
36,043,263
|
|
Materials - 1.2%
|
|||
Construction Materials - 0.7%
|
|||
Wienerberger AG
|
946,000
|
33,093,358
|
|
Containers & Packaging - 0.5%
|
|||
Mayr Melnhof Karton AG
|
249,700
|
23,025,833
|
|
TOTAL MATERIALS
|
56,119,191
|
||
TOTAL AUSTRIA
|
139,775,034
|
||
BELGIUM - 1.1%
|
|||
Health Care - 0.9%
|
|||
Health Care Providers & Services - 0.9%
|
|||
Fagron
|
1,854,100
|
43,058,552
|
|
Information Technology - 0.2%
|
|||
IT Services - 0.2%
|
|||
Econocom Group SA/NV
|
4,274,795
|
8,842,773
|
|
TOTAL BELGIUM
|
51,901,325
|
||
BRAZIL - 1.5%
|
|||
Consumer Discretionary - 0.6%
|
|||
Diversified Consumer Services - 0.6%
|
|||
Afya Ltd Class A (c)
|
1,560,200
|
29,643,800
|
|
Consumer Staples - 0.4%
|
|||
Consumer Staples Distribution & Retail - 0.4%
|
|||
Atacadao SA
|
11,486,200
|
17,304,742
|
|
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
Hypera SA
|
5,722,400
|
24,320,818
|
|
TOTAL BRAZIL
|
71,269,360
|
||
CANADA - 4.1%
|
|||
Communication Services - 0.3%
|
|||
Diversified Telecommunication Services - 0.3%
|
|||
Quebecor Inc Multiple Voting Shares
|
612,800
|
16,873,559
|
|
Consumer Staples - 1.8%
|
|||
Consumer Staples Distribution & Retail - 0.9%
|
|||
North West Co Inc/The
|
1,044,900
|
41,914,239
|
|
Food Products - 0.9%
|
|||
Lassonde Industries Inc Class A
|
290,699
|
43,703,957
|
|
TOTAL CONSUMER STAPLES
|
85,618,196
|
||
Energy - 0.6%
|
|||
Energy Equipment & Services - 0.1%
|
|||
Total Energy Services Inc
|
962,500
|
6,185,804
|
|
Oil, Gas & Consumable Fuels - 0.5%
|
|||
Parkland Corp
|
707,400
|
17,820,980
|
|
TOTAL ENERGY
|
24,006,784
|
||
Financials - 0.2%
|
|||
Financial Services - 0.2%
|
|||
ECN Capital Corp
|
5,364,300
|
10,856,228
|
|
Industrials - 0.1%
|
|||
Trading Companies & Distributors - 0.1%
|
|||
Richelieu Hardware Ltd
|
298,200
|
7,053,751
|
|
Information Technology - 0.4%
|
|||
Software - 0.4%
|
|||
Open Text Corp
|
755,296
|
20,446,574
|
|
Materials - 0.5%
|
|||
Containers & Packaging - 0.5%
|
|||
CCL Industries Inc Class B
|
443,900
|
23,196,399
|
|
Real Estate - 0.2%
|
|||
Real Estate Management & Development - 0.2%
|
|||
Genesis Land Development Corp (a)
|
4,888,699
|
11,028,474
|
|
TOTAL CANADA
|
199,079,965
|
||
CHINA - 3.5%
|
|||
Consumer Discretionary - 0.4%
|
|||
Automobile Components - 0.3%
|
|||
Weifu High-Technology Group Co Ltd B Shares
|
8,579,471
|
13,477,675
|
|
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
Best Pacific International Holdings Ltd (d)
|
22,158,900
|
6,914,299
|
|
TOTAL CONSUMER DISCRETIONARY
|
20,391,974
|
||
Financials - 0.4%
|
|||
Financial Services - 0.4%
|
|||
Far East Horizon Ltd
|
28,280,000
|
21,914,849
|
|
Health Care - 0.9%
|
|||
Health Care Providers & Services - 0.3%
|
|||
Sinopharm Group Co Ltd H Shares
|
7,144,800
|
16,895,615
|
|
Pharmaceuticals - 0.6%
|
|||
Consun Pharmaceutical Group Ltd
|
22,500,000
|
26,864,459
|
|
TOTAL HEALTH CARE
|
43,760,074
|
||
Industrials - 1.5%
|
|||
Machinery - 0.9%
|
|||
Impro Precision Industries Ltd/China (d)(e)
|
28,391,300
|
8,456,329
|
|
Precision Tsugami China Corp Ltd (d)
|
7,224,453
|
19,701,529
|
|
Yangzijiang Shipbuildling (Holdings) Ltd (b)
|
8,000,000
|
13,703,707
|
|
41,861,565
|
|||
Transportation Infrastructure - 0.6%
|
|||
Qingdao Port International Co Ltd H Shares (d)(e)
|
40,373,000
|
29,151,684
|
|
TOTAL INDUSTRIALS
|
71,013,249
|
||
Materials - 0.3%
|
|||
Containers & Packaging - 0.3%
|
|||
Shenzhen YUTO Packaging Technology Co Ltd A Shares (China)
|
5,606,766
|
15,980,927
|
|
TOTAL CHINA
|
173,061,073
|
||
DENMARK - 0.9%
|
|||
Financials - 0.9%
|
|||
Banks - 0.9%
|
|||
Spar Nord Bank A/S (b)
|
1,398,975
|
44,884,401
|
|
FINLAND - 1.1%
|
|||
Consumer Discretionary - 0.4%
|
|||
Broadline Retail - 0.4%
|
|||
Tokmanni Group Corp
|
1,195,500
|
18,808,826
|
|
Materials - 0.7%
|
|||
Containers & Packaging - 0.7%
|
|||
Huhtamaki Oyj
|
963,100
|
35,371,771
|
|
TOTAL FINLAND
|
54,180,597
|
||
FRANCE - 2.7%
|
|||
Communication Services - 0.4%
|
|||
Media - 0.4%
|
|||
IPSOS SA
|
441,200
|
20,782,242
|
|
Energy - 0.7%
|
|||
Energy Equipment & Services - 0.7%
|
|||
Vallourec SACA (b)
|
1,839,400
|
33,975,777
|
|
Financials - 0.1%
|
|||
Capital Markets - 0.1%
|
|||
Antin Infrastructure Partners SA
|
283,032
|
3,302,518
|
|
Industrials - 0.6%
|
|||
Trading Companies & Distributors - 0.6%
|
|||
Thermador Groupe
|
404,966
|
30,324,415
|
|
Real Estate - 0.9%
|
|||
Industrial REITs - 0.5%
|
|||
ARGAN SA
|
337,200
|
23,263,619
|
|
Residential REITs - 0.4%
|
|||
Altarea SCA
|
157,557
|
18,141,565
|
|
TOTAL REAL ESTATE
|
41,405,184
|
||
TOTAL FRANCE
|
129,790,136
|
||
GERMANY - 2.4%
|
|||
Financials - 0.6%
|
|||
Insurance - 0.6%
|
|||
Talanx AG
|
266,467
|
30,458,394
|
|
Industrials - 1.8%
|
|||
Aerospace & Defense - 0.8%
|
|||
Rheinmetall AG
|
22,225
|
37,850,346
|
|
Commercial Services & Supplies - 0.1%
|
|||
Takkt AG
|
809,882
|
6,972,809
|
|
Machinery - 0.9%
|
|||
JOST Werke SE (d)(e)
|
437,020
|
24,531,120
|
|
Norma Group SE
|
623,692
|
7,757,913
|
|
Stabilus SE
|
372,000
|
10,240,511
|
|
42,529,544
|
|||
TOTAL INDUSTRIALS
|
87,352,699
|
||
TOTAL GERMANY
|
117,811,093
|
||
GREECE - 2.0%
|
|||
Consumer Discretionary - 0.5%
|
|||
Hotels, Restaurants & Leisure - 0.5%
|
|||
OPAP SA
|
1,109,300
|
24,593,042
|
|
Industrials - 1.5%
|
|||
Industrial Conglomerates - 1.0%
|
|||
Metlen Energy & Metals SA
|
1,013,101
|
47,743,965
|
|
Transportation Infrastructure - 0.5%
|
|||
Athens International Airport SA
|
2,498,200
|
25,866,985
|
|
TOTAL INDUSTRIALS
|
73,610,950
|
||
TOTAL GREECE
|
98,203,992
|
||
HONG KONG - 1.9%
|
|||
Communication Services - 0.8%
|
|||
Diversified Telecommunication Services - 0.5%
|
|||
HKT Trust & HKT Ltd unit
|
16,166,000
|
23,012,100
|
|
Media - 0.3%
|
|||
Pico Far East Holdings Ltd
|
61,300,071
|
15,096,593
|
|
TOTAL COMMUNICATION SERVICES
|
38,108,693
|
||
Consumer Discretionary - 0.0%
|
|||
Hotels, Restaurants & Leisure - 0.0%
|
|||
Magnificent Hotel Investment Ltd (b)
|
316,412,000
|
2,692,659
|
|
Consumer Staples - 0.4%
|
|||
Food Products - 0.4%
|
|||
WH Group Ltd (d)(e)
|
22,648,500
|
20,266,722
|
|
Information Technology - 0.4%
|
|||
Semiconductors & Semiconductor Equipment - 0.4%
|
|||
ASMPT Ltd
|
3,033,900
|
20,420,029
|
|
Materials - 0.0%
|
|||
Metals & Mining - 0.0%
|
|||
China Metal Recycling Holdings Ltd (b)(f)
|
436,800
|
1
|
|
Real Estate - 0.3%
|
|||
Real Estate Management & Development - 0.3%
|
|||
Sino Land Co Ltd
|
13,064,375
|
13,442,379
|
|
TOTAL HONG KONG
|
94,930,483
|
||
HUNGARY - 0.9%
|
|||
Health Care - 0.9%
|
|||
Pharmaceuticals - 0.9%
|
|||
Richter Gedeon Nyrt
|
1,497,000
|
45,287,668
|
|
INDIA - 1.7%
|
|||
Financials - 1.2%
|
|||
Banks - 0.2%
|
|||
IndusInd Bank Ltd
|
1,084,400
|
10,755,236
|
|
Consumer Finance - 1.0%
|
|||
Shriram Finance Ltd
|
6,080,260
|
44,002,111
|
|
TOTAL FINANCIALS
|
54,757,347
|
||
Real Estate - 0.5%
|
|||
Office REITs - 0.5%
|
|||
Embassy Office Parks REIT
|
5,935,400
|
26,778,526
|
|
TOTAL INDIA
|
81,535,873
|
||
INDONESIA - 1.1%
|
|||
Consumer Discretionary - 0.4%
|
|||
Automobile Components - 0.4%
|
|||
Selamat Sempurna Tbk PT
|
197,940,200
|
21,253,187
|
|
Consumer Staples - 0.3%
|
|||
Consumer Staples Distribution & Retail - 0.3%
|
|||
Sumber Alfaria Trijaya Tbk PT
|
125,000,000
|
16,181,832
|
|
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
Bank Syariah Indonesia Tbk PT
|
105,000,000
|
18,059,193
|
|
TOTAL INDONESIA
|
55,494,212
|
||
IRELAND - 1.5%
|
|||
Consumer Discretionary - 0.5%
|
|||
Hotels, Restaurants & Leisure - 0.5%
|
|||
Dalata Hotel Group PLC
|
4,166,409
|
23,882,777
|
|
Industrials - 0.6%
|
|||
Machinery - 0.1%
|
|||
Mincon Group Plc (a)
|
13,529,844
|
5,701,750
|
|
Trading Companies & Distributors - 0.5%
|
|||
AerCap Holdings NV
|
215,172
|
22,808,232
|
|
TOTAL INDUSTRIALS
|
28,509,982
|
||
Real Estate - 0.4%
|
|||
Residential REITs - 0.4%
|
|||
Irish Residential Properties Reit PLC
|
16,285,700
|
18,818,240
|
|
TOTAL IRELAND
|
71,210,999
|
||
ITALY - 3.1%
|
|||
Consumer Discretionary - 0.3%
|
|||
Automobile Components - 0.3%
|
|||
Pirelli & C SpA (d)(e)
|
2,750,000
|
16,897,591
|
|
Consumer Staples - 0.2%
|
|||
Consumer Staples Distribution & Retail - 0.2%
|
|||
MARR SpA
|
985,827
|
10,866,407
|
|
Financials - 1.5%
|
|||
Capital Markets - 0.7%
|
|||
Banca Generali SpA
|
559,300
|
33,010,717
|
|
Financial Services - 0.8%
|
|||
Banca Mediolanum SpA (c)
|
1,000,000
|
14,862,992
|
|
BFF Bank SpA (b)(d)(e)
|
2,405,056
|
22,695,649
|
|
37,558,641
|
|||
TOTAL FINANCIALS
|
70,569,358
|
||
Health Care - 0.7%
|
|||
Pharmaceuticals - 0.7%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
571,211
|
33,551,947
|
|
Information Technology - 0.4%
|
|||
Electronic Equipment, Instruments & Components - 0.4%
|
|||
Sesa SpA
|
253,400
|
21,271,456
|
|
TOTAL ITALY
|
153,156,759
|
||
JAPAN - 22.3%
|
|||
Communication Services - 0.7%
|
|||
Entertainment - 0.7%
|
|||
Capcom Co Ltd
|
1,105,900
|
32,013,709
|
|
Consumer Discretionary - 2.9%
|
|||
Automobiles - 0.5%
|
|||
Isuzu Motors Ltd
|
1,833,300
|
24,655,020
|
|
Broadline Retail - 0.4%
|
|||
ASKUL Corp
|
1,658,900
|
17,623,927
|
|
Distributors - 1.1%
|
|||
Central Automotive Products Ltd
|
1,872,300
|
22,182,656
|
|
PALTAC Corp
|
1,122,300
|
31,036,329
|
|
53,218,985
|
|||
Leisure Products - 0.4%
|
|||
Roland Corp
|
791,400
|
17,518,401
|
|
Specialty Retail - 0.5%
|
|||
ARCLANDS CORP (c)
|
2,194,589
|
26,615,032
|
|
TOTAL CONSUMER DISCRETIONARY
|
139,631,365
|
||
Consumer Staples - 1.1%
|
|||
Consumer Staples Distribution & Retail - 0.7%
|
|||
Tsuruha Holdings Inc (c)
|
402,400
|
32,295,006
|
|
Food Products - 0.4%
|
|||
S Foods Inc
|
1,137,623
|
21,442,817
|
|
TOTAL CONSUMER STAPLES
|
53,737,823
|
||
Energy - 0.5%
|
|||
Oil, Gas & Consumable Fuels - 0.5%
|
|||
Itochu Enex Co Ltd
|
53,600
|
578,061
|
|
San-Ai Obbli Co Ltd
|
2,034,900
|
23,867,166
|
|
24,445,227
|
|||
Financials - 1.3%
|
|||
Banks - 1.3%
|
|||
Hokuhoku Financial Group Inc
|
1,769,400
|
31,494,775
|
|
Kyoto Financial Group Inc (c)
|
1,846,900
|
31,530,864
|
|
63,025,639
|
|||
Health Care - 1.1%
|
|||
Health Care Providers & Services - 1.1%
|
|||
As One Corp
|
1,409,100
|
22,287,590
|
|
Ship Healthcare Holdings Inc
|
2,284,800
|
33,062,325
|
|
55,349,915
|
|||
Industrials - 7.8%
|
|||
Commercial Services & Supplies - 0.3%
|
|||
Prestige International Inc
|
3,604,500
|
16,915,789
|
|
Electrical Equipment - 0.6%
|
|||
Fuji Electric Co Ltd
|
715,400
|
31,811,517
|
|
Industrial Conglomerates - 0.5%
|
|||
Hikari Tsushin Inc
|
90,000
|
24,913,974
|
|
Machinery - 1.5%
|
|||
Ebara Corp
|
2,538,600
|
38,134,330
|
|
Kawasaki Heavy Industries Ltd
|
600,000
|
35,791,017
|
|
73,925,347
|
|||
Professional Services - 3.0%
|
|||
BayCurrent Inc
|
984,700
|
53,059,188
|
|
Funai Soken Holdings Inc
|
1,552,300
|
24,753,420
|
|
MEITEC Group Holdings Inc
|
1,123,100
|
23,026,771
|
|
Persol Holdings Co Ltd
|
13,000,500
|
23,449,636
|
|
TKC Corp
|
632,000
|
17,769,198
|
|
142,058,213
|
|||
Trading Companies & Distributors - 1.1%
|
|||
Inaba Denki Sangyo Co Ltd
|
1,432,300
|
37,645,709
|
|
Mitani Corp
|
1,302,442
|
17,170,955
|
|
54,816,664
|
|||
Transportation Infrastructure - 0.8%
|
|||
Kamigumi Co Ltd
|
1,567,600
|
38,307,416
|
|
TOTAL INDUSTRIALS
|
382,748,920
|
||
Information Technology - 4.7%
|
|||
Electronic Equipment, Instruments & Components - 1.4%
|
|||
Amano Corp
|
746,850
|
21,734,807
|
|
Dexerials Corp
|
2,081,600
|
24,371,230
|
|
Maruwa Co Ltd/Aichi
|
120,300
|
24,450,399
|
|
70,556,436
|
|||
IT Services - 1.6%
|
|||
Dentsu Soken Inc
|
460,000
|
20,075,535
|
|
NSD Co Ltd
|
1,421,900
|
33,404,407
|
|
TIS Inc
|
855,200
|
24,708,569
|
|
78,188,511
|
|||
Semiconductors & Semiconductor Equipment - 0.7%
|
|||
Renesas Electronics Corp
|
2,940,200
|
34,504,023
|
|
Software - 1.0%
|
|||
Justsystems Corp
|
606,900
|
14,474,255
|
|
Systena Corp
|
3,524,100
|
9,168,871
|
|
WingArc1st Inc
|
875,889
|
23,339,888
|
|
46,983,014
|
|||
TOTAL INFORMATION TECHNOLOGY
|
230,231,984
|
||
Materials - 1.4%
|
|||
Chemicals - 1.4%
|
|||
Kuraray Co Ltd
|
2,684,600
|
31,360,130
|
|
NOF Corp (c)
|
2,488,200
|
37,328,221
|
|
68,688,351
|
|||
Real Estate - 0.2%
|
|||
Real Estate Management & Development - 0.2%
|
|||
Starts Corp Inc
|
550,000
|
14,925,164
|
|
Utilities - 0.6%
|
|||
Electric Utilities - 0.6%
|
|||
Kansai Electric Power Co Inc/The
|
2,332,500
|
28,737,418
|
|
TOTAL JAPAN
|
1,093,535,515
|
||
KOREA (SOUTH) - 1.0%
|
|||
Industrials - 0.6%
|
|||
Electrical Equipment - 0.6%
|
|||
Vitzrocell Co Ltd (a)
|
1,609,341
|
26,981,306
|
|
Materials - 0.4%
|
|||
Chemicals - 0.4%
|
|||
Soulbrain Co Ltd
|
161,800
|
19,669,661
|
|
TOTAL KOREA (SOUTH)
|
46,650,967
|
||
MEXICO - 3.5%
|
|||
Consumer Staples - 1.7%
|
|||
Consumer Staples Distribution & Retail - 0.8%
|
|||
Grupo Comercial Chedraui SA de CV (c)
|
5,952,400
|
38,496,871
|
|
Food Products - 0.9%
|
|||
Gruma SAB de CV Series B
|
2,239,500
|
42,797,227
|
|
TOTAL CONSUMER STAPLES
|
81,294,098
|
||
Financials - 1.4%
|
|||
Capital Markets - 0.5%
|
|||
Bolsa Mexicana de Valores SAB de CV
|
11,240,882
|
23,587,481
|
|
Insurance - 0.9%
|
|||
Qualitas Controladora SAB de CV (c)
|
4,041,435
|
44,535,025
|
|
TOTAL FINANCIALS
|
68,122,506
|
||
Health Care - 0.4%
|
|||
Pharmaceuticals - 0.4%
|
|||
Genomma Lab Internacional SAB de CV
|
17,240,361
|
20,264,160
|
|
TOTAL MEXICO
|
169,680,764
|
||
NETHERLANDS - 1.3%
|
|||
Consumer Staples - 0.5%
|
|||
Consumer Staples Distribution & Retail - 0.5%
|
|||
Acomo NV
|
915,999
|
22,465,977
|
|
Financials - 0.3%
|
|||
Capital Markets - 0.3%
|
|||
Van Lanschot Kempen NV depository receipt
|
283,041
|
16,368,825
|
|
Industrials - 0.5%
|
|||
Professional Services - 0.5%
|
|||
Arcadis NV
|
475,950
|
22,969,066
|
|
TOTAL NETHERLANDS
|
61,803,868
|
||
NORWAY - 1.8%
|
|||
Consumer Discretionary - 0.8%
|
|||
Broadline Retail - 0.8%
|
|||
Europris ASA (d)(e)
|
5,267,900
|
39,040,611
|
|
Financials - 0.9%
|
|||
Banks - 0.9%
|
|||
SpareBank 1 SMN
|
2,308,400
|
41,746,196
|
|
Real Estate - 0.1%
|
|||
Real Estate Management & Development - 0.1%
|
|||
Selvaag Bolig ASA
|
2,186,000
|
7,301,795
|
|
TOTAL NORWAY
|
88,088,602
|
||
PERU - 0.4%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
Intercorp Financial Services Inc (United States) (d)
|
683,100
|
23,136,597
|
|
PHILIPPINES - 1.4%
|
|||
Consumer Staples - 1.0%
|
|||
Food Products - 1.0%
|
|||
Century Pacific Food Inc
|
69,526,800
|
47,504,258
|
|
Real Estate - 0.4%
|
|||
Real Estate Management & Development - 0.4%
|
|||
Robinsons Land Corp
|
91,729,000
|
19,206,770
|
|
TOTAL PHILIPPINES
|
66,711,028
|
||
PUERTO RICO - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Liberty Latin America Ltd Class A (b)(c)
|
1,358,941
|
7,365,460
|
|
ROMANIA - 0.8%
|
|||
Financials - 0.8%
|
|||
Banks - 0.8%
|
|||
Banca Transilvania SA
|
6,387,994
|
40,936,193
|
|
SINGAPORE - 1.5%
|
|||
Consumer Discretionary - 0.4%
|
|||
Specialty Retail - 0.4%
|
|||
Hour Glass Ltd/The
|
15,272,380
|
18,431,626
|
|
Industrials - 0.6%
|
|||
Construction & Engineering - 0.2%
|
|||
Boustead Singapore Ltd
|
15,826,266
|
12,591,888
|
|
Professional Services - 0.4%
|
|||
HRnetgroup Ltd (d)
|
34,654,100
|
18,424,761
|
|
TOTAL INDUSTRIALS
|
31,016,649
|
||
Real Estate - 0.5%
|
|||
Industrial REITs - 0.5%
|
|||
Mapletree Industrial Trust
|
16,650,531
|
25,756,381
|
|
TOTAL SINGAPORE
|
75,204,656
|
||
SOUTH AFRICA - 0.7%
|
|||
Consumer Discretionary - 0.7%
|
|||
Specialty Retail - 0.7%
|
|||
Pepkor Holdings Ltd (c)(d)(e)
|
22,117,500
|
31,889,865
|
|
SPAIN - 3.6%
|
|||
Consumer Discretionary - 0.5%
|
|||
Automobile Components - 0.5%
|
|||
CIE Automotive SA (c)
|
997,300
|
26,267,648
|
|
Consumer Staples - 0.5%
|
|||
Food Products - 0.5%
|
|||
Viscofan SA
|
331,632
|
23,893,840
|
|
Financials - 1.0%
|
|||
Insurance - 1.0%
|
|||
Grupo Catalana Occidente SA
|
857,122
|
47,675,641
|
|
Industrials - 1.6%
|
|||
Air Freight & Logistics - 1.1%
|
|||
Logista Integral SA
|
1,620,600
|
55,297,209
|
|
Commercial Services & Supplies - 0.5%
|
|||
Prosegur Comp Securidad SA
|
8,217,481
|
22,854,021
|
|
TOTAL INDUSTRIALS
|
78,151,230
|
||
TOTAL SPAIN
|
175,988,359
|
||
SWEDEN - 2.0%
|
|||
Consumer Discretionary - 0.2%
|
|||
Specialty Retail - 0.2%
|
|||
Haypp Group AB (b)
|
1,232,700
|
12,983,173
|
|
Industrials - 0.8%
|
|||
Machinery - 0.5%
|
|||
Beijer Alma AB B Shares
|
1,050,000
|
21,835,394
|
|
Trading Companies & Distributors - 0.3%
|
|||
Alligo AB B Shares
|
1,372,997
|
15,654,055
|
|
TOTAL INDUSTRIALS
|
37,489,449
|
||
Materials - 1.0%
|
|||
Chemicals - 0.4%
|
|||
Hexpol AB B Shares
|
2,197,800
|
19,032,214
|
|
Metals & Mining - 0.6%
|
|||
Granges AB
|
2,249,076
|
28,085,818
|
|
TOTAL MATERIALS
|
47,118,032
|
||
TOTAL SWEDEN
|
97,590,654
|
||
SWITZERLAND - 0.3%
|
|||
Industrials - 0.3%
|
|||
Machinery - 0.3%
|
|||
Anhui Heli Co Ltd A ELS (Ubs Ag Londn Branch Warrant Program) warrants 12/8/2025 (b)(e)
|
8,014,256
|
17,528,169
|
|
TAIWAN - 2.9%
|
|||
Communication Services - 0.7%
|
|||
Entertainment - 0.7%
|
|||
International Games System Co Ltd
|
1,337,000
|
34,593,723
|
|
Industrials - 0.5%
|
|||
Professional Services - 0.2%
|
|||
Sporton International Inc
|
2,313,977
|
12,111,118
|
|
Trading Companies & Distributors - 0.3%
|
|||
Lumax International Corp Ltd
|
4,537,292
|
13,482,961
|
|
TOTAL INDUSTRIALS
|
25,594,079
|
||
Information Technology - 1.5%
|
|||
Electronic Equipment, Instruments & Components - 1.5%
|
|||
Test Research Co Ltd
|
7,960,000
|
26,627,137
|
|
Tripod Technology Corp
|
5,125,000
|
29,531,313
|
|
Yageo Corp
|
1,185,149
|
16,958,952
|
|
73,117,402
|
|||
Materials - 0.2%
|
|||
Chemicals - 0.2%
|
|||
Yung Chi Paint & Varnish Manufacturing Co Ltd
|
3,312,000
|
7,787,191
|
|
TOTAL TAIWAN
|
141,092,395
|
||
THAILAND - 0.2%
|
|||
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Star Petroleum Refining PCL
|
82,343,000
|
13,441,765
|
|
UNITED KINGDOM - 13.4%
|
|||
Communication Services - 0.6%
|
|||
Media - 0.6%
|
|||
Informa PLC
|
2,777,133
|
26,936,498
|
|
Consumer Discretionary - 0.7%
|
|||
Hotels, Restaurants & Leisure - 0.4%
|
|||
On the Beach Group PLC (d)(e)
|
4,997,336
|
17,648,867
|
|
Household Durables - 0.3%
|
|||
Vistry Group PLC (b)
|
1,963,198
|
16,462,099
|
|
TOTAL CONSUMER DISCRETIONARY
|
34,110,966
|
||
Consumer Staples - 2.3%
|
|||
Food Products - 2.3%
|
|||
Cranswick PLC
|
508,900
|
35,131,331
|
|
Premier Foods PLC
|
19,512,907
|
51,801,664
|
|
Tate & Lyle PLC
|
3,640,843
|
27,075,005
|
|
114,008,000
|
|||
Energy - 0.5%
|
|||
Energy Equipment & Services - 0.5%
|
|||
Subsea 7 SA
|
1,651,200
|
24,839,264
|
|
Financials - 3.3%
|
|||
Banks - 0.3%
|
|||
Close Brothers Group PLC (b)
|
3,500,000
|
15,150,134
|
|
Capital Markets - 1.0%
|
|||
Intermediate Capital Group PLC
|
975,000
|
24,376,416
|
|
Rathbones Group PLC
|
1,142,700
|
23,909,157
|
|
48,285,573
|
|||
Insurance - 2.0%
|
|||
Direct Line Insurance Group PLC
|
6,560,900
|
24,744,703
|
|
Hiscox Ltd
|
2,803,648
|
41,063,275
|
|
Lancashire Holdings Ltd
|
2,403,500
|
18,033,703
|
|
Sabre Insurance Group PLC (d)(e)
|
9,855,200
|
16,522,603
|
|
100,364,284
|
|||
TOTAL FINANCIALS
|
163,799,991
|
||
Health Care - 0.6%
|
|||
Health Care Equipment & Supplies - 0.6%
|
|||
ConvaTec Group PLC (d)(e)
|
8,515,700
|
29,484,373
|
|
Industrials - 3.9%
|
|||
Commercial Services & Supplies - 0.6%
|
|||
Mears Group PLC (a)
|
5,828,589
|
30,100,072
|
|
Industrial Conglomerates - 0.7%
|
|||
DCC PLC
|
531,100
|
34,582,960
|
|
Machinery - 0.5%
|
|||
Bodycote PLC
|
2,311,471
|
14,663,168
|
|
Luxfer Holdings PLC
|
1,099,959
|
11,835,558
|
|
26,498,726
|
|||
Passenger Airlines - 0.6%
|
|||
JET2 PLC
|
1,381,000
|
29,134,461
|
|
Trading Companies & Distributors - 1.5%
|
|||
Ashtead Technology Holdings plc (a)(c)
|
7,210,800
|
47,808,921
|
|
RS GROUP PLC
|
2,670,653
|
18,347,569
|
|
66,156,490
|
|||
TOTAL INDUSTRIALS
|
186,472,709
|
||
Real Estate - 1.5%
|
|||
Real Estate Management & Development - 1.5%
|
|||
Grainger PLC
|
9,396,166
|
26,922,881
|
|
LSL Property Services PLC
|
4,351,335
|
16,237,268
|
|
Savills PLC
|
2,648,800
|
32,723,617
|
|
75,883,766
|
|||
TOTAL UNITED KINGDOM
|
655,535,567
|
||
UNITED STATES - 2.9%
|
|||
Consumer Discretionary - 0.4%
|
|||
Diversified Consumer Services - 0.4%
|
|||
Adtalem Global Education Inc (b)
|
202,400
|
21,494,880
|
|
Energy - 1.0%
|
|||
Oil, Gas & Consumable Fuels - 1.0%
|
|||
Antero Resources Corp (b)
|
966,800
|
33,673,644
|
|
Core Natural Resources Inc
|
190,000
|
13,719,900
|
|
47,393,544
|
|||
Materials - 1.5%
|
|||
Construction Materials - 1.2%
|
|||
GCC SAB de CV
|
1,468,100
|
12,311,213
|
|
RHI Magnesita NV
|
1,056,191
|
43,846,296
|
|
56,157,509
|
|||
Containers & Packaging - 0.3%
|
|||
Smurfit WestRock PLC
|
353,100
|
14,837,262
|
|
TOTAL MATERIALS
|
70,994,771
|
||
TOTAL UNITED STATES
|
139,883,195
|
||
TOTAL COMMON STOCKS
(Cost $3,973,905,399)
|
4,711,455,687
|
||
Money Market Funds - 1.7%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
48,270,809
|
48,280,463
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
36,592,303
|
36,595,962
|
|
TOTAL MONEY MARKET FUNDS
(Cost $84,876,426)
|
84,876,425
|
|||
TOTAL INVESTMENT IN SECURITIES - 98.0%
(Cost $4,058,781,825)
|
4,796,332,112
|
NET OTHER ASSETS (LIABILITIES) - 2.0%
|
100,258,265
|
NET ASSETS - 100.0%
|
4,896,590,377
|
(a)
|
Affiliated company
|
(b)
|
Non-income producing
|
(c)
|
Security or a portion of the security is on loan at period end.
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $324,762,600 or 6.6% of net assets.
|
(e)
|
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 $274,113,583 or 5.6% of net assets.
|
(f)
|
Level 3 security
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
83,365,948
|
295,856,408
|
330,941,893
|
1,625,509
|
-
|
-
|
48,280,463
|
48,270,809
|
0.1%
|
Fidelity Securities Lending Cash Central Fund
|
48,249
|
341,327,983
|
304,780,269
|
115,097
|
-
|
(1)
|
36,595,962
|
36,592,303
|
0.1%
|
Total
|
83,414,197
|
637,184,391
|
635,722,162
|
1,740,606
|
-
|
(1)
|
84,876,425
|
||
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
Ashtead Technology Holdings plc
|
45,808,505
|
5,013,661
|
-
|
-
|
-
|
(3,013,245)
|
47,808,921
|
7,210,800
|
Genesis Land Development Corp
|
14,606,233
|
-
|
-
|
296,507
|
-
|
(3,577,759)
|
11,028,474
|
4,888,699
|
Mears Group PLC
|
36,775,536
|
-
|
12,636,508
|
-
|
(1,381,825)
|
7,342,869
|
30,100,072
|
5,828,589
|
Mincon Group Plc
|
6,475,519
|
-
|
-
|
149,472
|
-
|
(773,769)
|
5,701,750
|
13,529,844
|
Servcorp Ltd
|
23,181,584
|
-
|
-
|
618,425
|
-
|
(335,640)
|
22,845,944
|
7,066,585
|
Vitzrocell Co Ltd
|
21,869,198
|
-
|
-
|
425,532
|
-
|
5,112,108
|
26,981,306
|
1,609,341
|
Total
|
148,716,575
|
5,013,661
|
12,636,508
|
1,489,936
|
(1,381,825)
|
4,754,564
|
144,466,467
|
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
224,286,464
|
189,692,741
|
34,593,723
|
-
|
Consumer Discretionary
|
497,785,565
|
404,196,482
|
93,589,083
|
-
|
Consumer Staples
|
521,043,122
|
429,455,805
|
91,587,317
|
-
|
Energy
|
168,102,361
|
154,660,596
|
13,441,765
|
-
|
Financials
|
771,755,013
|
646,797,336
|
124,957,677
|
-
|
Health Care
|
295,077,507
|
295,077,507
|
-
|
-
|
Industrials
|
1,142,859,886
|
831,389,578
|
311,470,308
|
-
|
Information Technology
|
374,330,218
|
266,708,793
|
107,621,425
|
-
|
Materials
|
394,966,712
|
270,128,385
|
124,838,326
|
1
|
Real Estate
|
292,511,421
|
182,805,002
|
109,706,419
|
-
|
Utilities
|
28,737,418
|
-
|
28,737,418
|
-
|
Money Market Funds
|
84,876,425
|
84,876,425
|
-
|
-
|
Total Investments in Securities:
|
4,796,332,112
|
3,755,788,650
|
1,040,543,461
|
1
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $34,696,918) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $3,867,672,144)
|
$
|
4,566,989,220
|
||
Fidelity Central Funds (cost $84,876,426)
|
84,876,425
|
|||
Other affiliated issuers (cost $106,233,255)
|
144,466,467
|
|||
Total Investment in Securities (cost $4,058,781,825)
|
$
|
4,796,332,112
|
||
Foreign currency held at value (cost $86,234,798)
|
87,799,834
|
|||
Receivable for investments sold
|
24,626,579
|
|||
Receivable for fund shares sold
|
2,728,283
|
|||
Dividends receivable
|
28,367,659
|
|||
Reclaims receivable
|
5,598,360
|
|||
Distributions receivable from Fidelity Central Funds
|
225,932
|
|||
Prepaid expenses
|
1,419
|
|||
Other receivables
|
128,993
|
|||
Total assets
|
4,945,809,171
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
1,242,586
|
||
Payable for fund shares redeemed
|
2,906,845
|
|||
Accrued management fee
|
3,828,791
|
|||
Distribution and service plan fees payable
|
43,140
|
|||
Deferred taxes
|
4,508,668
|
|||
Other payables and accrued expenses
|
96,896
|
|||
Collateral on securities loaned
|
36,591,868
|
|||
Total liabilities
|
49,218,794
|
|||
Net Assets
|
$
|
4,896,590,377
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
4,211,533,969
|
||
Total accumulated earnings (loss)
|
685,056,408
|
|||
Net Assets
|
$
|
4,896,590,377
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($134,065,506 ÷ 4,100,934 shares)(a)
|
$
|
32.69
|
||
Maximum offering price per share (100/94.25 of $32.69)
|
$
|
34.68
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($17,953,441 ÷ 552,075 shares)(a)
|
$
|
32.52
|
||
Maximum offering price per share (100/96.50 of $32.52)
|
$
|
33.70
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($11,452,084 ÷ 365,417 shares)(a)
|
$
|
31.34
|
||
International Small Cap :
|
||||
Net Asset Value, offering price and redemption price per share ($1,570,567,665 ÷ 46,958,807 shares)
|
$
|
33.45
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($1,303,439,299 ÷ 38,699,154 shares)
|
$
|
33.68
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($1,859,112,382 ÷ 55,267,247 shares)
|
$
|
33.64
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends (including $1,489,936 earned from affiliated issuers)
|
$
|
70,634,920
|
||
Income from Fidelity Central Funds (including $115,097 from security lending)
|
1,740,606
|
|||
Income before foreign taxes withheld
|
$
|
72,375,526
|
||
Less foreign taxes withheld
|
(4,591,451)
|
|||
Total income
|
67,784,075
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
19,776,764
|
||
Performance adjustment
|
1,944,991
|
|||
Distribution and service plan fees
|
263,605
|
|||
Custodian fees and expenses
|
209,129
|
|||
Independent trustees' fees and expenses
|
10,334
|
|||
Registration fees
|
115,692
|
|||
Audit fees
|
57,943
|
|||
Legal
|
2,902
|
|||
Miscellaneous
|
42,580
|
|||
Total expenses before reductions
|
22,423,940
|
|||
Expense reductions
|
(1,727)
|
|||
Total expenses after reductions
|
22,422,213
|
|||
Net Investment income (loss)
|
45,361,862
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $252,510)
|
42,964,689
|
|||
Affiliated issuers
|
(1,381,825)
|
|||
Foreign currency transactions
|
(1,208,703)
|
|||
Total net realized gain (loss)
|
40,374,161
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $1,693,220)
|
232,431,894
|
|||
Fidelity Central Funds
|
(1)
|
|||
Other affiliated issuers
|
4,754,564
|
|||
Assets and liabilities in foreign currencies
|
4,606,747
|
|||
Total change in net unrealized appreciation (depreciation)
|
241,793,204
|
|||
Net gain (loss)
|
282,167,365
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
327,529,227
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
45,361,862
|
$
|
97,982,787
|
Net realized gain (loss)
|
40,374,161
|
37,452,111
|
||
Change in net unrealized appreciation (depreciation)
|
241,793,204
|
563,297,242
|
||
Net increase (decrease) in net assets resulting from operations
|
327,529,227
|
698,732,140
|
||
Distributions to shareholders
|
(120,637,857)
|
(81,035,424)
|
||
Share transactions - net increase (decrease)
|
(88,591,400)
|
505,200,813
|
||
Total increase (decrease) in net assets
|
118,299,970
|
1,122,897,529
|
||
Net Assets
|
||||
Beginning of period
|
4,778,290,407
|
3,655,392,878
|
||
End of period
|
$
|
4,896,590,377
|
$
|
4,778,290,407
|
Fidelity Advisor® International Small Cap Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
31.28
|
$
|
26.84
|
$
|
23.88
|
$
|
34.31
|
$
|
24.75
|
$
|
26.32
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.25
|
.58
|
.44
|
.58
|
.31
|
.27
|
||||||
Net realized and unrealized gain (loss)
|
1.88
|
4.37
|
2.63
|
(8.74)
|
9.42
|
(1.26)
|
||||||
Total from investment operations
|
2.13
|
4.95
|
3.07
|
(8.16)
|
9.73
|
(.99)
|
||||||
Distributions from net investment income
|
(.72)
|
(.51)
|
(.11)
|
(.75)
|
(.17)
|
(.44)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.52)
|
-
|
(.14)
|
||||||
Total distributions
|
(.72)
|
(.51)
|
(.11)
|
(2.27)
|
(.17)
|
(.58)
|
||||||
Net asset value, end of period
|
$
|
32.69
|
$
|
31.28
|
$
|
26.84
|
$
|
23.88
|
$
|
34.31
|
$
|
24.75
|
Total Return C,D,E
|
6.96 % |
18.59%
|
12.87%
|
(25.19)%
|
39.43%
|
(3.91)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
1.25% H
|
1.32%
|
1.43%
|
1.29%
|
1.29%
|
1.36%
|
||||||
Expenses net of fee waivers, if any
|
1.25 % H |
1.32%
|
1.43%
|
1.29%
|
1.29%
|
1.36%
|
||||||
Expenses net of all reductions, if any
|
1.25% H
|
1.32%
|
1.43%
|
1.29%
|
1.29%
|
1.35%
|
||||||
Net investment income (loss)
|
1.63% H
|
1.85%
|
1.56%
|
2.06%
|
.95%
|
1.09%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
134,066
|
$
|
124,941
|
$
|
108,866
|
$
|
95,906
|
$
|
136,131
|
$
|
92,044
|
Portfolio turnover rate I
|
18 % H |
17%
|
10%
|
17%
|
28%
|
43%
|
Fidelity Advisor® International Small Cap Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
31.11
|
$
|
26.69
|
$
|
23.73
|
$
|
34.12
|
$
|
24.62
|
$
|
26.18
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.21
|
.50
|
.36
|
.50
|
.22
|
.19
|
||||||
Net realized and unrealized gain (loss)
|
1.87
|
4.35
|
2.64
|
(8.70)
|
9.38
|
(1.25)
|
||||||
Total from investment operations
|
2.08
|
4.85
|
3.00
|
(8.20)
|
9.60
|
(1.06)
|
||||||
Distributions from net investment income
|
(.67)
|
(.43)
|
(.04)
|
(.66)
|
(.10)
|
(.36)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.52)
|
-
|
(.14)
|
||||||
Total distributions
|
(.67)
|
(.43)
|
(.04)
|
(2.19) C
|
(.10)
|
(.50)
|
||||||
Net asset value, end of period
|
$
|
32.52
|
$
|
31.11
|
$
|
26.69
|
$
|
23.73
|
$
|
34.12
|
$
|
24.62
|
Total Return D,E,F
|
6.82 % |
18.27%
|
12.62%
|
(25.43)%
|
39.07%
|
(4.19)%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.50% I
|
1.58%
|
1.71%
|
1.57%
|
1.57%
|
1.67%
|
||||||
Expenses net of fee waivers, if any
|
1.50 % I |
1.57%
|
1.70%
|
1.56%
|
1.57%
|
1.67%
|
||||||
Expenses net of all reductions, if any
|
1.50% I
|
1.57%
|
1.70%
|
1.56%
|
1.57%
|
1.65%
|
||||||
Net investment income (loss)
|
1.38% I
|
1.60%
|
1.29%
|
1.79%
|
.68%
|
.78%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
17,953
|
$
|
19,033
|
$
|
15,515
|
$
|
13,761
|
$
|
19,926
|
$
|
12,492
|
Portfolio turnover rate J
|
18 % I |
17%
|
10%
|
17%
|
28%
|
43%
|
Fidelity Advisor® International Small Cap Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
29.87
|
$
|
25.64
|
$
|
22.88
|
$
|
32.93
|
$
|
23.80
|
$
|
25.27
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.13
|
.33
|
.21
|
.35
|
.06
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
1.80
|
4.19
|
2.55
|
(8.40)
|
9.07
|
(1.23)
|
||||||
Total from investment operations
|
1.93
|
4.52
|
2.76
|
(8.05)
|
9.13
|
(1.15)
|
||||||
Distributions from net investment income
|
(.46)
|
(.29)
|
-
|
(.48)
|
-
|
(.18)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.52)
|
-
|
(.14)
|
||||||
Total distributions
|
(.46)
|
(.29)
|
-
|
(2.00)
|
-
|
(.32)
|
||||||
Net asset value, end of period
|
$
|
31.34
|
$
|
29.87
|
$
|
25.64
|
$
|
22.88
|
$
|
32.93
|
$
|
23.80
|
Total Return C,D,E
|
6.55 % |
17.68%
|
12.06%
|
(25.77)%
|
38.36%
|
(4.65)%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
2.00% H
|
2.06%
|
2.20%
|
2.06%
|
2.05%
|
2.13%
|
||||||
Expenses net of fee waivers, if any
|
2.00 % H |
2.06%
|
2.19%
|
2.05%
|
2.05%
|
2.13%
|
||||||
Expenses net of all reductions, if any
|
2.00% H
|
2.06%
|
2.19%
|
2.05%
|
2.05%
|
2.11%
|
||||||
Net investment income (loss)
|
.88% H
|
1.11%
|
.80%
|
1.30%
|
.19%
|
.32%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
11,452
|
$
|
12,577
|
$
|
12,603
|
$
|
13,556
|
$
|
21,683
|
$
|
17,659
|
Portfolio turnover rate I
|
18 % H |
17%
|
10%
|
17%
|
28%
|
43%
|
Fidelity® International Small Cap Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
32.03
|
$
|
27.46
|
$
|
24.43
|
$
|
35.05
|
$
|
25.28
|
$
|
26.86
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.30
|
.68
|
.52
|
.67
|
.41
|
.34
|
||||||
Net realized and unrealized gain (loss)
|
1.93
|
4.48
|
2.70
|
(8.94)
|
9.61
|
(1.27)
|
||||||
Total from investment operations
|
2.23
|
5.16
|
3.22
|
(8.27)
|
10.02
|
(.93)
|
||||||
Distributions from net investment income
|
(.81)
|
(.59)
|
(.19)
|
(.83)
|
(.25)
|
(.51)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.52)
|
-
|
(.14)
|
||||||
Total distributions
|
(.81)
|
(.59)
|
(.19)
|
(2.35)
|
(.25)
|
(.65)
|
||||||
Net asset value, end of period
|
$
|
33.45
|
$
|
32.03
|
$
|
27.46
|
$
|
24.43
|
$
|
35.05
|
$
|
25.28
|
Total Return C,D
|
7.13 % |
18.93%
|
13.19%
|
(25.01)%
|
39.83%
|
(3.61)%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.95% G
|
1.04%
|
1.17%
|
1.02%
|
1.01%
|
1.08%
|
||||||
Expenses net of fee waivers, if any
|
.95 % G |
1.04%
|
1.16%
|
1.02%
|
1.01%
|
1.08%
|
||||||
Expenses net of all reductions, if any
|
.95% G
|
1.04%
|
1.16%
|
1.02%
|
1.01%
|
1.07%
|
||||||
Net investment income (loss)
|
1.92% G
|
2.13%
|
1.83%
|
2.33%
|
1.23%
|
1.37%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,570,568
|
$
|
1,590,236
|
$
|
1,342,755
|
$
|
1,145,773
|
$
|
1,534,214
|
$
|
1,122,746
|
Portfolio turnover rate H
|
18 % G |
17%
|
10%
|
17%
|
28%
|
43%
|
Fidelity Advisor® International Small Cap Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
32.25
|
$
|
27.66
|
$
|
24.60
|
$
|
35.27
|
$
|
25.44
|
$
|
27.03
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.30
|
.67
|
.53
|
.68
|
.41
|
.35
|
||||||
Net realized and unrealized gain (loss)
|
1.93
|
4.51
|
2.71
|
(8.99)
|
9.67
|
(1.28)
|
||||||
Total from investment operations
|
2.23
|
5.18
|
3.24
|
(8.31)
|
10.08
|
(.93)
|
||||||
Distributions from net investment income
|
(.80)
|
(.59)
|
(.18)
|
(.84)
|
(.25)
|
(.52)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.52)
|
-
|
(.14)
|
||||||
Total distributions
|
(.80)
|
(.59)
|
(.18)
|
(2.36)
|
(.25)
|
(.66)
|
||||||
Net asset value, end of period
|
$
|
33.68
|
$
|
32.25
|
$
|
27.66
|
$
|
24.60
|
$
|
35.27
|
$
|
25.44
|
Total Return C,D
|
7.08 % |
18.90%
|
13.20%
|
(24.98)%
|
39.80%
|
(3.62)%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
1.00% G
|
1.08%
|
1.16%
|
1.02%
|
1.02%
|
1.08%
|
||||||
Expenses net of fee waivers, if any
|
1.00 % G |
1.08%
|
1.15%
|
1.01%
|
1.02%
|
1.08%
|
||||||
Expenses net of all reductions, if any
|
1.00% G
|
1.08%
|
1.15%
|
1.01%
|
1.02%
|
1.06%
|
||||||
Net investment income (loss)
|
1.88% G
|
2.09%
|
1.84%
|
2.34%
|
1.22%
|
1.38%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,303,439
|
$
|
1,304,244
|
$
|
924,094
|
$
|
696,515
|
$
|
1,080,258
|
$
|
605,100
|
Portfolio turnover rate H
|
18 % G |
17%
|
10%
|
17%
|
28%
|
43%
|
Fidelity Advisor® International Small Cap Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
32.23
|
$
|
27.65
|
$
|
24.59
|
$
|
35.26
|
$
|
25.43
|
$
|
27.03
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.32
|
.71
|
.56
|
.70
|
.45
|
.38
|
||||||
Net realized and unrealized gain (loss)
|
1.93
|
4.50
|
2.72
|
(8.97)
|
9.67
|
(1.28)
|
||||||
Total from investment operations
|
2.25
|
5.21
|
3.28
|
(8.27)
|
10.12
|
(.90)
|
||||||
Distributions from net investment income
|
(.84)
|
(.63)
|
(.22)
|
(.88)
|
(.29)
|
(.56)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.52)
|
-
|
(.14)
|
||||||
Total distributions
|
(.84)
|
(.63)
|
(.22)
|
(2.40)
|
(.29)
|
(.70)
|
||||||
Net asset value, end of period
|
$
|
33.64
|
$
|
32.23
|
$
|
27.65
|
$
|
24.59
|
$
|
35.26
|
$
|
25.43
|
Total Return C,D
|
7.16 % |
19.01%
|
13.38%
|
(24.89)%
|
39.99%
|
(3.51)%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.88% G
|
.96%
|
1.03%
|
.89%
|
.89%
|
.94%
|
||||||
Expenses net of fee waivers, if any
|
.88 % G |
.96%
|
1.03%
|
.89%
|
.89%
|
.94%
|
||||||
Expenses net of all reductions, if any
|
.88% G
|
.96%
|
1.03%
|
.89%
|
.89%
|
.93%
|
||||||
Net investment income (loss)
|
1.99% G
|
2.21%
|
1.96%
|
2.47%
|
1.35%
|
1.51%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,859,112
|
$
|
1,727,260
|
$
|
1,251,559
|
$
|
965,701
|
$
|
739,757
|
$
|
275,127
|
Portfolio turnover rate H
|
18 % G |
17%
|
10%
|
17%
|
28%
|
43%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$1,123,249,681
|
Gross unrealized depreciation
|
(447,335,159)
|
Net unrealized appreciation (depreciation)
|
$675,914,522
|
Tax cost
|
$4,120,417,590
|
Short-term
|
$(48,289,622)
|
Long-term
|
(11,173,625)
|
Total capital loss carryforward
|
$(59,463,247)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Small Cap Fund
|
414,938,503
|
541,261,979
|
Maximum Management Fee Rate %
|
|
Class A
|
1.02
|
Class M
|
1.02
|
Class C
|
1.02
|
International Small Cap
|
1.00
|
Class I
|
1.00
|
Class Z
|
.87
|
Total Management Fee Rate %
|
|
Class A
|
.90
|
Class M
|
.90
|
Class C
|
.90
|
International Small Cap
|
.85
|
Class I
|
.90
|
Class Z
|
.78
|
Performance Adjustment Index
|
|
Fidelity International Small Cap Fund
|
MSCI ACWI (All Country World Index) ex USA Small Cap Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
158,460
|
3,595
|
Class M
|
.25%
|
.25%
|
46,632
|
473
|
Class C
|
.75%
|
.25%
|
58,513
|
6,463
|
263,605
|
10,531
|
Retained by FDC ($)
|
|
Class A
|
5,294
|
Class M
|
425
|
Class CA
|
96
|
5,815
|
Amount ($)
|
|
Fidelity International Small Cap Fund
|
798
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Small Cap Fund
|
12,405,986
|
3,665,819
|
(1,558,056)
|
Amount ($)
|
|
Fidelity International Small Cap Fund
|
3,668
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Small Cap Fund
|
12,109
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Small Cap Fund
|
||
Distributions to shareholders
|
||
Class A
|
$2,901,411
|
$2,098,372
|
Class M
|
410,420
|
241,727
|
Class C
|
186,204
|
139,497
|
International Small Cap
|
39,749,892
|
27,992,078
|
Class I
|
31,846,159
|
20,805,567
|
Class Z
|
45,543,771
|
29,758,183
|
Total
|
$120,637,857
|
$81,035,424
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Small Cap Fund
|
||||
Class A
|
||||
Shares sold
|
577,315
|
727,649
|
$17,737,407
|
$22,252,808
|
Reinvestment of distributions
|
94,214
|
71,368
|
2,884,846
|
2,084,465
|
Shares redeemed
|
(564,843)
|
(860,161)
|
(17,483,809)
|
(26,602,775)
|
Net increase (decrease)
|
106,686
|
(61,144)
|
$3,138,444
|
$(2,265,502)
|
Class M
|
||||
Shares sold
|
54,908
|
123,660
|
$1,688,890
|
$3,890,067
|
Reinvestment of distributions
|
13,431
|
8,280
|
409,526
|
241,156
|
Shares redeemed
|
(128,128)
|
(101,426)
|
(3,841,524)
|
(3,110,795)
|
Net increase (decrease)
|
(59,789)
|
30,514
|
$(1,743,108)
|
$1,020,428
|
Class C
|
||||
Shares sold
|
18,544
|
57,296
|
$551,348
|
$1,707,164
|
Reinvestment of distributions
|
6,318
|
4,960
|
185,987
|
139,376
|
Shares redeemed
|
(80,562)
|
(132,703)
|
(2,400,502)
|
(3,971,313)
|
Net increase (decrease)
|
(55,700)
|
(70,447)
|
$(1,663,167)
|
$(2,124,773)
|
International Small Cap
|
||||
Shares sold
|
6,777,539
|
10,622,095
|
$211,932,927
|
$338,221,799
|
Reinvestment of distributions
|
1,091,550
|
843,925
|
34,154,601
|
25,168,669
|
Shares redeemed
|
(10,562,816)
|
(10,703,729)
|
(330,413,759)
|
(336,929,002)
|
Net increase (decrease)
|
(2,693,727)
|
762,291
|
$(84,326,231)
|
$26,461,466
|
Class I
|
||||
Shares sold
|
6,914,024
|
13,931,167
|
$218,212,461
|
$442,942,466
|
Reinvestment of distributions
|
980,060
|
673,230
|
30,891,485
|
20,225,978
|
Shares redeemed
|
(9,642,671)
|
(7,562,762)
|
(306,152,811)
|
(242,340,980)
|
Net increase (decrease)
|
(1,748,587)
|
7,041,635
|
$(57,048,865)
|
$220,827,464
|
Class Z
|
||||
Shares sold
|
7,516,330
|
16,036,560
|
$238,067,237
|
$510,478,803
|
Reinvestment of distributions
|
967,209
|
663,553
|
30,428,407
|
19,900,821
|
Shares redeemed
|
(6,811,874)
|
(8,375,022)
|
(215,444,117)
|
(269,097,894)
|
Net increase (decrease)
|
1,671,665
|
8,325,091
|
$53,051,527
|
$261,281,730
|
![]() |
Contents
Common Stocks - 97.2%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 1.1%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Whitehaven Coal Ltd
|
14,276
|
45,665
|
|
Financials - 0.4%
|
|||
Banks - 0.1%
|
|||
Commonwealth Bank of Australia
|
2,478
|
264,128
|
|
Capital Markets - 0.3%
|
|||
Macquarie Group Ltd
|
10,055
|
1,242,547
|
|
Insurance - 0.0%
|
|||
Steadfast Group Ltd
|
41,846
|
157,252
|
|
TOTAL FINANCIALS
|
1,663,927
|
||
Materials - 0.7%
|
|||
Metals & Mining - 0.7%
|
|||
BHP Group Ltd
|
89,545
|
2,134,184
|
|
Glencore PLC
|
311,247
|
1,020,497
|
|
Imdex Ltd
|
87,017
|
164,618
|
|
3,319,299
|
|||
TOTAL AUSTRALIA
|
5,028,891
|
||
BAILIWICK OF JERSEY - 0.0%
|
|||
Financials - 0.0%
|
|||
Capital Markets - 0.0%
|
|||
JTC PLC (a)(b)
|
10,743
|
119,405
|
|
BELGIUM - 0.7%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
KBC Ancora
|
5,284
|
344,792
|
|
KBC Group NV
|
15,601
|
1,432,622
|
|
1,777,414
|
|||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
UCB SA
|
5,871
|
1,071,803
|
|
Industrials - 0.1%
|
|||
Trading Companies & Distributors - 0.1%
|
|||
Azelis Group NV
|
25,055
|
387,151
|
|
TOTAL BELGIUM
|
3,236,368
|
||
BRAZIL - 2.3%
|
|||
Energy - 0.5%
|
|||
Oil, Gas & Consumable Fuels - 0.5%
|
|||
Petroleo Brasileiro SA ADR
|
190,282
|
2,148,284
|
|
Financials - 0.7%
|
|||
Banks - 0.7%
|
|||
Itau Unibanco Holding SA
|
512,001
|
3,209,958
|
|
Industrials - 0.4%
|
|||
Ground Transportation - 0.4%
|
|||
Localiza Rent a Car SA
|
223,682
|
1,693,238
|
|
Materials - 0.7%
|
|||
Metals & Mining - 0.7%
|
|||
Gerdau SA ADR
|
436,090
|
1,138,195
|
|
Vale SA ADR
|
226,093
|
2,104,926
|
|
3,243,121
|
|||
TOTAL BRAZIL
|
10,294,601
|
||
CANADA - 7.2%
|
|||
Consumer Discretionary - 0.3%
|
|||
Hotels, Restaurants & Leisure - 0.3%
|
|||
Restaurant Brands International Inc
|
22,924
|
1,477,105
|
|
Consumer Staples - 0.5%
|
|||
Consumer Staples Distribution & Retail - 0.5%
|
|||
Alimentation Couche-Tard Inc
|
43,175
|
2,253,644
|
|
Energy - 1.0%
|
|||
Energy Equipment & Services - 0.0%
|
|||
Pason Systems Inc
|
6,589
|
52,479
|
|
Oil, Gas & Consumable Fuels - 1.0%
|
|||
Cameco Corp
|
22,983
|
1,037,453
|
|
Canadian Natural Resources Ltd
|
58,164
|
1,669,061
|
|
Suncor Energy Inc
|
53,110
|
1,875,762
|
|
4,582,276
|
|||
TOTAL ENERGY
|
4,634,755
|
||
Financials - 2.2%
|
|||
Banks - 1.2%
|
|||
Royal Bank of Canada
|
28,211
|
3,386,098
|
|
Toronto Dominion Bank
|
25,019
|
1,598,668
|
|
4,984,766
|
|||
Capital Markets - 0.5%
|
|||
Brookfield Asset Management Ltd Class A
|
24,050
|
1,283,271
|
|
TMX Group Ltd
|
27,011
|
1,094,664
|
|
2,377,935
|
|||
Insurance - 0.5%
|
|||
Intact Financial Corp
|
10,745
|
2,386,332
|
|
TOTAL FINANCIALS
|
9,749,033
|
||
Industrials - 1.1%
|
|||
Aerospace & Defense - 0.1%
|
|||
CAE Inc (c)
|
11,701
|
292,737
|
|
Ground Transportation - 1.0%
|
|||
Canadian Pacific Kansas City Ltd
|
63,203
|
4,590,539
|
|
Trading Companies & Distributors - 0.0%
|
|||
Richelieu Hardware Ltd
|
8,844
|
209,200
|
|
TOTAL INDUSTRIALS
|
5,092,476
|
||
Information Technology - 0.8%
|
|||
Software - 0.8%
|
|||
Constellation Software Inc/Canada
|
950
|
3,423,714
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (c)(d)
|
921
|
0
|
|
Lumine Group Inc Subordinate Voting Shares (b)(c)
|
3,200
|
103,456
|
|
3,527,170
|
|||
Materials - 1.3%
|
|||
Chemicals - 0.2%
|
|||
Nutrien Ltd
|
19,410
|
1,108,057
|
|
Metals & Mining - 1.1%
|
|||
Franco-Nevada Corp
|
24,806
|
4,262,868
|
|
Osisko Gold Royalties Ltd
|
9,863
|
236,380
|
|
4,499,248
|
|||
TOTAL MATERIALS
|
5,607,305
|
||
TOTAL CANADA
|
32,341,488
|
||
CHILE - 0.3%
|
|||
Materials - 0.3%
|
|||
Metals & Mining - 0.3%
|
|||
Antofagasta PLC
|
63,202
|
1,375,465
|
|
CHINA - 9.7%
|
|||
Communication Services - 2.9%
|
|||
Interactive Media & Services - 2.9%
|
|||
Tencent Holdings Ltd
|
210,692
|
12,905,086
|
|
Consumer Discretionary - 3.0%
|
|||
Broadline Retail - 1.7%
|
|||
Alibaba Group Holding Ltd ADR
|
42,137
|
5,032,422
|
|
PDD Holdings Inc Class A ADR (c)
|
24,345
|
2,570,102
|
|
7,602,524
|
|||
Diversified Consumer Services - 0.3%
|
|||
TAL Education Group Class A ADR (c)
|
137,804
|
1,205,785
|
|
Hotels, Restaurants & Leisure - 0.6%
|
|||
Meituan B Shares (a)(b)(c)
|
129,218
|
2,139,519
|
|
Shangri-La Asia Ltd
|
980,093
|
548,456
|
|
2,687,975
|
|||
Household Durables - 0.4%
|
|||
Haier Smart Home Co Ltd A Shares (China)
|
521,300
|
1,779,758
|
|
TOTAL CONSUMER DISCRETIONARY
|
13,276,042
|
||
Consumer Staples - 0.0%
|
|||
Personal Care Products - 0.0%
|
|||
Chlitina Holding Ltd
|
13,197
|
46,949
|
|
Financials - 1.5%
|
|||
Banks - 0.4%
|
|||
China Construction Bank Corp H Shares
|
2,468,792
|
2,030,906
|
|
Insurance - 1.1%
|
|||
China Life Insurance Co Ltd H Shares
|
1,785,267
|
3,268,708
|
|
PICC Property & Casualty Co Ltd H Shares
|
879,568
|
1,621,773
|
|
4,890,481
|
|||
TOTAL FINANCIALS
|
6,921,387
|
||
Health Care - 1.2%
|
|||
Biotechnology - 0.2%
|
|||
Akeso Inc (a)(b)(c)
|
100,000
|
1,112,100
|
|
Life Sciences Tools & Services - 0.6%
|
|||
Wuxi Apptec Co Ltd H Shares (a)(b)
|
275,203
|
2,134,388
|
|
Pharmaceuticals - 0.4%
|
|||
Hansoh Pharmaceutical Group Co Ltd (a)(b)
|
647,203
|
2,011,139
|
|
TOTAL HEALTH CARE
|
5,257,627
|
||
Industrials - 1.1%
|
|||
Ground Transportation - 0.3%
|
|||
Full Truck Alliance Co Ltd ADR
|
134,108
|
1,523,466
|
|
Machinery - 0.8%
|
|||
Shenzhen Inovance Technology Co Ltd A Shares (China)
|
354,200
|
3,482,390
|
|
TOTAL INDUSTRIALS
|
5,005,856
|
||
TOTAL CHINA
|
43,412,947
|
||
DENMARK - 0.7%
|
|||
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
Novo Nordisk A/S Series B
|
35,238
|
2,356,068
|
|
Industrials - 0.2%
|
|||
Air Freight & Logistics - 0.2%
|
|||
DSV A/S
|
3,858
|
817,741
|
|
TOTAL DENMARK
|
3,173,809
|
||
EGYPT - 0.0%
|
|||
Health Care - 0.0%
|
|||
Health Care Providers & Services - 0.0%
|
|||
Integrated Diagnostics Holdings PLC (a)(b)(c)
|
69,838
|
24,163
|
|
FINLAND - 0.9%
|
|||
Financials - 0.5%
|
|||
Insurance - 0.5%
|
|||
Mandatum Holding Oy
|
24,277
|
170,898
|
|
Sampo Oyj A Shares
|
168,818
|
1,691,321
|
|
1,862,219
|
|||
Industrials - 0.3%
|
|||
Machinery - 0.3%
|
|||
Kone Oyj B Shares
|
24,313
|
1,501,093
|
|
Utilities - 0.1%
|
|||
Electric Utilities - 0.1%
|
|||
Fortum Oyj
|
30,326
|
506,562
|
|
TOTAL FINLAND
|
3,869,874
|
||
FRANCE - 7.1%
|
|||
Communication Services - 0.2%
|
|||
Entertainment - 0.1%
|
|||
Vivendi SE
|
112,132
|
347,297
|
|
Media - 0.1%
|
|||
Canal+ SA
|
98,642
|
224,140
|
|
Louis Hachette Group
|
93,308
|
145,765
|
|
369,905
|
|||
TOTAL COMMUNICATION SERVICES
|
717,202
|
||
Consumer Discretionary - 0.8%
|
|||
Textiles, Apparel & Luxury Goods - 0.8%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
6,618
|
3,665,904
|
|
Consumer Staples - 0.5%
|
|||
Beverages - 0.0%
|
|||
Laurent-Perrier
|
491
|
53,954
|
|
Food Products - 0.5%
|
|||
Danone SA
|
26,541
|
2,283,758
|
|
TOTAL CONSUMER STAPLES
|
2,337,712
|
||
Energy - 0.5%
|
|||
Oil, Gas & Consumable Fuels - 0.5%
|
|||
TotalEnergies SE
|
35,773
|
2,037,458
|
|
Financials - 1.2%
|
|||
Banks - 0.4%
|
|||
BNP Paribas SA
|
23,322
|
1,976,061
|
|
Insurance - 0.8%
|
|||
AXA SA
|
76,020
|
3,595,434
|
|
TOTAL FINANCIALS
|
5,571,495
|
||
Health Care - 0.6%
|
|||
Health Care Equipment & Supplies - 0.6%
|
|||
EssilorLuxottica SA
|
8,662
|
2,479,681
|
|
Pharmaceuticals - 0.0%
|
|||
Vetoquinol SA
|
1,515
|
127,690
|
|
TOTAL HEALTH CARE
|
2,607,371
|
||
Industrials - 2.8%
|
|||
Aerospace & Defense - 2.2%
|
|||
Airbus SE
|
16,745
|
2,841,468
|
|
LISI SA
|
3,180
|
99,608
|
|
Safran SA
|
24,254
|
6,454,465
|
|
9,395,541
|
|||
Building Products - 0.1%
|
|||
Cie de Saint-Gobain SA
|
5,191
|
564,355
|
|
Electrical Equipment - 0.5%
|
|||
Legrand SA
|
21,314
|
2,342,405
|
|
TOTAL INDUSTRIALS
|
12,302,301
|
||
Information Technology - 0.1%
|
|||
IT Services - 0.0%
|
|||
Alten SA
|
3,114
|
260,873
|
|
Software - 0.1%
|
|||
Lectra
|
14,561
|
375,271
|
|
TOTAL INFORMATION TECHNOLOGY
|
636,144
|
||
Materials - 0.4%
|
|||
Chemicals - 0.4%
|
|||
Air Liquide SA
|
8,911
|
1,831,016
|
|
TOTAL FRANCE
|
31,706,603
|
||
GERMANY - 7.2%
|
|||
Communication Services - 0.3%
|
|||
Entertainment - 0.3%
|
|||
CTS Eventim AG & Co KGaA
|
8,798
|
1,034,555
|
|
Interactive Media & Services - 0.0%
|
|||
Scout24 SE (a)(b)
|
1,690
|
200,450
|
|
TOTAL COMMUNICATION SERVICES
|
1,235,005
|
||
Consumer Discretionary - 0.1%
|
|||
Automobiles - 0.1%
|
|||
Bayerische Motoren Werke AG
|
3,260
|
274,396
|
|
Financials - 2.1%
|
|||
Banks - 0.1%
|
|||
Commerzbank AG
|
23,617
|
621,240
|
|
Capital Markets - 1.0%
|
|||
Deutsche Bank AG
|
36,069
|
938,980
|
|
Deutsche Boerse AG
|
11,001
|
3,543,356
|
|
4,482,336
|
|||
Insurance - 1.0%
|
|||
Hannover Rueck SE
|
5,415
|
1,732,349
|
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (c)
|
3,974
|
2,720,638
|
|
4,452,987
|
|||
TOTAL FINANCIALS
|
9,556,563
|
||
Health Care - 0.4%
|
|||
Health Care Providers & Services - 0.3%
|
|||
Fresenius SE & Co KGaA (c)
|
30,459
|
1,442,329
|
|
Pharmaceuticals - 0.1%
|
|||
Bayer AG
|
13,612
|
355,131
|
|
TOTAL HEALTH CARE
|
1,797,460
|
||
Industrials - 1.6%
|
|||
Aerospace & Defense - 0.8%
|
|||
Rheinmetall AG
|
2,032
|
3,460,604
|
|
Air Freight & Logistics - 0.3%
|
|||
Deutsche Post AG
|
26,496
|
1,132,121
|
|
Industrial Conglomerates - 0.5%
|
|||
Siemens AG
|
9,668
|
2,226,166
|
|
Machinery - 0.0%
|
|||
Daimler Truck Holding AG
|
9,680
|
385,564
|
|
Stabilus SE
|
1,138
|
31,327
|
|
416,891
|
|||
TOTAL INDUSTRIALS
|
7,235,782
|
||
Information Technology - 2.1%
|
|||
Software - 2.1%
|
|||
SAP SE
|
32,896
|
9,624,996
|
|
Materials - 0.3%
|
|||
Chemicals - 0.3%
|
|||
BASF SE (c)
|
14,602
|
745,717
|
|
Covestro AG
|
6,253
|
420,772
|
|
1,166,489
|
|||
Real Estate - 0.2%
|
|||
Real Estate Management & Development - 0.2%
|
|||
Vonovia SE
|
23,333
|
773,958
|
|
Utilities - 0.1%
|
|||
Independent Power and Renewable Electricity Producers - 0.1%
|
|||
RWE AG
|
11,773
|
457,194
|
|
TOTAL GERMANY
|
32,121,843
|
||
GREECE - 1.0%
|
|||
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
Eurobank Ergasias Services and Holdings SA
|
615,561
|
1,746,978
|
|
National Bank of Greece SA
|
262,296
|
2,761,638
|
|
4,508,616
|
|||
Industrials - 0.0%
|
|||
Transportation Infrastructure - 0.0%
|
|||
Athens International Airport SA
|
5,000
|
51,771
|
|
TOTAL GREECE
|
4,560,387
|
||
HONG KONG - 0.2%
|
|||
Financials - 0.2%
|
|||
Insurance - 0.2%
|
|||
Prudential PLC
|
81,199
|
863,371
|
|
Prudential PLC rights (c)(e)(f)
|
94,230
|
15,858
|
|
TOTAL HONG KONG
|
879,229
|
||
HUNGARY - 0.9%
|
|||
Financials - 0.5%
|
|||
Banks - 0.5%
|
|||
OTP Bank Nyrt
|
29,973
|
2,206,429
|
|
Health Care - 0.4%
|
|||
Pharmaceuticals - 0.4%
|
|||
Richter Gedeon Nyrt
|
53,228
|
1,610,269
|
|
TOTAL HUNGARY
|
3,816,698
|
||
INDIA - 2.9%
|
|||
Energy - 0.3%
|
|||
Oil, Gas & Consumable Fuels - 0.3%
|
|||
Reliance Industries Ltd
|
37,771
|
626,310
|
|
Reliance Industries Ltd GDR (a)
|
11,970
|
781,641
|
|
1,407,951
|
|||
Financials - 1.5%
|
|||
Banks - 1.5%
|
|||
HDFC Bank Ltd
|
171,307
|
3,885,782
|
|
ICICI Bank Ltd
|
137,012
|
2,299,950
|
|
6,185,732
|
|||
Financial Services - 0.0%
|
|||
Jio Financial Services Ltd (c)
|
22,121
|
68,228
|
|
TOTAL FINANCIALS
|
6,253,960
|
||
Industrials - 0.4%
|
|||
Construction & Engineering - 0.4%
|
|||
Larsen & Toubro Ltd
|
50,737
|
2,005,579
|
|
Information Technology - 0.4%
|
|||
IT Services - 0.4%
|
|||
Tata Consultancy Services Ltd
|
48,027
|
1,957,799
|
|
Materials - 0.3%
|
|||
Construction Materials - 0.3%
|
|||
JK Cement Ltd
|
24,545
|
1,478,065
|
|
TOTAL INDIA
|
13,103,354
|
||
INDONESIA - 0.1%
|
|||
Financials - 0.1%
|
|||
Banks - 0.1%
|
|||
Bank Central Asia Tbk PT
|
1,176,473
|
625,520
|
|
IRELAND - 0.1%
|
|||
Consumer Discretionary - 0.0%
|
|||
Household Durables - 0.0%
|
|||
Cairn Homes PLC
|
29,274
|
64,294
|
|
Industrials - 0.1%
|
|||
Trading Companies & Distributors - 0.1%
|
|||
AerCap Holdings NV
|
1,809
|
191,755
|
|
Real Estate - 0.0%
|
|||
Residential REITs - 0.0%
|
|||
Irish Residential Properties Reit PLC
|
68,257
|
78,871
|
|
TOTAL IRELAND
|
334,920
|
||
ISRAEL - 0.1%
|
|||
Financials - 0.0%
|
|||
Capital Markets - 0.0%
|
|||
Tel Aviv Stock Exchange Ltd
|
7,100
|
87,153
|
|
Health Care - 0.1%
|
|||
Pharmaceuticals - 0.1%
|
|||
Teva Pharmaceutical Industries Ltd ADR (c)
|
18,111
|
280,902
|
|
Information Technology - 0.0%
|
|||
Communications Equipment - 0.0%
|
|||
Ituran Location and Control Ltd
|
5,021
|
180,455
|
|
TOTAL ISRAEL
|
548,510
|
||
ITALY - 1.8%
|
|||
Consumer Discretionary - 0.2%
|
|||
Textiles, Apparel & Luxury Goods - 0.2%
|
|||
Prada Spa (c)
|
115,300
|
721,034
|
|
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Eni SpA
|
77,168
|
1,105,164
|
|
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
Mediobanca Banca di Credito Finanziario SpA
|
99,065
|
2,018,381
|
|
UniCredit SpA
|
44,663
|
2,598,532
|
|
4,616,913
|
|||
Industrials - 0.4%
|
|||
Electrical Equipment - 0.1%
|
|||
Prysmian SpA
|
7,590
|
416,935
|
|
Machinery - 0.2%
|
|||
Interpump Group SpA
|
20,395
|
694,983
|
|
Passenger Airlines - 0.1%
|
|||
Ryanair Holdings PLC ADR
|
13,529
|
647,498
|
|
TOTAL INDUSTRIALS
|
1,759,416
|
||
TOTAL ITALY
|
8,202,527
|
||
JAPAN - 10.1%
|
|||
Communication Services - 0.9%
|
|||
Entertainment - 0.7%
|
|||
Daiichikosho Co Ltd
|
3,127
|
36,501
|
|
Nintendo Co Ltd
|
37,757
|
3,134,587
|
|
3,171,088
|
|||
Interactive Media & Services - 0.1%
|
|||
LY Corp
|
160,042
|
605,282
|
|
Wireless Telecommunication Services - 0.1%
|
|||
SoftBank Group Corp
|
8,584
|
434,090
|
|
TOTAL COMMUNICATION SERVICES
|
4,210,460
|
||
Consumer Discretionary - 1.2%
|
|||
Automobile Components - 0.0%
|
|||
Denso Corp
|
10,723
|
138,455
|
|
Shoei Co Ltd
|
2,405
|
28,124
|
|
166,579
|
|||
Automobiles - 0.5%
|
|||
Toyota Motor Corp
|
104,873
|
2,003,013
|
|
Distributors - 0.0%
|
|||
Central Automotive Products Ltd
|
4,800
|
56,869
|
|
Diversified Consumer Services - 0.0%
|
|||
Aucnet Inc
|
7,074
|
61,152
|
|
Hotels, Restaurants & Leisure - 0.1%
|
|||
Curves Holdings Co Ltd
|
34,991
|
167,883
|
|
Gift Holdings Inc
|
4,310
|
108,519
|
|
Koshidaka Holdings Co Ltd
|
21,530
|
152,538
|
|
Monogatari Corp/The
|
5,471
|
142,342
|
|
571,282
|
|||
Household Durables - 0.4%
|
|||
Sony Group Corp
|
44,892
|
1,184,377
|
|
Sumitomo Forestry Co Ltd
|
15,997
|
459,614
|
|
1,643,991
|
|||
Leisure Products - 0.0%
|
|||
Yonex Co Ltd
|
2,468
|
40,288
|
|
Specialty Retail - 0.2%
|
|||
USS Co Ltd
|
90,191
|
901,405
|
|
TOTAL CONSUMER DISCRETIONARY
|
5,444,579
|
||
Consumer Staples - 0.1%
|
|||
Consumer Staples Distribution & Retail - 0.1%
|
|||
Daikokutenbussan Co Ltd
|
1,428
|
75,904
|
|
Kusuri no Aoki Holdings Co Ltd
|
3,360
|
80,135
|
|
YAKUODO Holdings Co Ltd
|
4,000
|
56,651
|
|
212,690
|
|||
Personal Care Products - 0.0%
|
|||
Artnature Inc
|
6,599
|
36,784
|
|
TOTAL CONSUMER STAPLES
|
249,474
|
||
Energy - 0.1%
|
|||
Oil, Gas & Consumable Fuels - 0.1%
|
|||
Inpex Corp
|
39,079
|
488,859
|
|
San-Ai Obbli Co Ltd
|
6,954
|
81,563
|
|
570,422
|
|||
Financials - 2.1%
|
|||
Banks - 1.3%
|
|||
Mitsubishi UFJ Financial Group Inc
|
237,188
|
2,988,362
|
|
Sumitomo Mitsui Financial Group Inc
|
120,365
|
2,871,574
|
|
5,859,936
|
|||
Financial Services - 0.3%
|
|||
ORIX Corp
|
59,212
|
1,187,795
|
|
Insurance - 0.5%
|
|||
Tokio Marine Holdings Inc
|
52,421
|
2,101,158
|
|
TOTAL FINANCIALS
|
9,148,889
|
||
Health Care - 0.4%
|
|||
Health Care Equipment & Supplies - 0.4%
|
|||
Hoya Corp
|
11,628
|
1,368,222
|
|
Medikit Co Ltd
|
3,557
|
61,473
|
|
Nagaileben Co Ltd
|
9,300
|
136,918
|
|
Paramount Bed Holdings Co Ltd
|
2,998
|
48,205
|
|
Techno Medica Co Ltd
|
500
|
6,330
|
|
1,621,148
|
|||
Health Care Technology - 0.0%
|
|||
Software Service Inc
|
832
|
73,377
|
|
TOTAL HEALTH CARE
|
1,694,525
|
||
Industrials - 3.1%
|
|||
Commercial Services & Supplies - 0.0%
|
|||
Japan Elevator Service Holdings Co Ltd
|
6,547
|
141,261
|
|
Pronexus Inc
|
5,993
|
51,052
|
|
192,313
|
|||
Construction & Engineering - 0.2%
|
|||
Hibiya Engineering Ltd
|
1,500
|
36,666
|
|
SHO-BOND Holdings Co Ltd
|
22,464
|
804,575
|
|
841,241
|
|||
Industrial Conglomerates - 0.6%
|
|||
Hitachi Ltd
|
111,408
|
2,753,506
|
|
Machinery - 0.8%
|
|||
Fujitec Co Ltd
|
4,328
|
169,512
|
|
Komatsu Ltd
|
25,100
|
725,881
|
|
MINEBEA MITSUMI Inc
|
21,951
|
321,715
|
|
Mitsubishi Heavy Industries Ltd
|
89,473
|
1,763,768
|
|
Mitsuboshi Belting Ltd
|
1,484
|
37,105
|
|
Moriya Transportation Engineering & Manufacturing Co Ltd
|
2,000
|
39,026
|
|
NS Tool Co Ltd
|
8,179
|
40,500
|
|
Tocalo Co Ltd
|
6,600
|
75,795
|
|
3,173,302
|
|||
Professional Services - 1.0%
|
|||
Funai Soken Holdings Inc
|
3,180
|
50,709
|
|
Recruit Holdings Co Ltd
|
70,800
|
3,923,404
|
|
3,974,113
|
|||
Trading Companies & Distributors - 0.5%
|
|||
ITOCHU Corp
|
26,452
|
1,352,833
|
|
Mitsui & Co Ltd
|
52,077
|
1,053,055
|
|
2,405,888
|
|||
TOTAL INDUSTRIALS
|
13,340,363
|
||
Information Technology - 1.9%
|
|||
Electronic Equipment, Instruments & Components - 1.1%
|
|||
Ai Holdings Corp
|
2,201
|
32,527
|
|
Azbil Corp
|
204,589
|
1,762,859
|
|
Ibiden Co Ltd
|
7,824
|
216,257
|
|
Keyence Corp
|
6,584
|
2,752,716
|
|
4,764,359
|
|||
IT Services - 0.5%
|
|||
Fujitsu Ltd
|
52,345
|
1,162,868
|
|
NSD Co Ltd
|
8,842
|
207,723
|
|
Obic Co Ltd
|
2,526
|
88,175
|
|
TIS Inc
|
25,335
|
731,983
|
|
2,190,749
|
|||
Semiconductors & Semiconductor Equipment - 0.1%
|
|||
Renesas Electronics Corp
|
51,067
|
599,285
|
|
Software - 0.0%
|
|||
Broadleaf Co Ltd
|
20,657
|
99,977
|
|
m-up Holdings Inc
|
5,322
|
70,238
|
|
Miroku Jyoho Service Co Ltd
|
3,298
|
42,649
|
|
WingArc1st Inc
|
2,178
|
58,037
|
|
270,901
|
|||
Technology Hardware, Storage & Peripherals - 0.2%
|
|||
FUJIFILM Holdings Corp
|
44,400
|
909,418
|
|
TOTAL INFORMATION TECHNOLOGY
|
8,734,712
|
||
Materials - 0.3%
|
|||
Chemicals - 0.3%
|
|||
Kansai Paint Co Ltd
|
3,754
|
56,449
|
|
Nihon Parkerizing Co Ltd
|
13,566
|
112,623
|
|
Shin-Etsu Chemical Co Ltd
|
39,915
|
1,214,673
|
|
SK Kaken Co Ltd
|
2,933
|
182,774
|
|
1,566,519
|
|||
Real Estate - 0.0%
|
|||
Real Estate Management & Development - 0.0%
|
|||
Goldcrest Co Ltd
|
7,610
|
174,309
|
|
TOTAL JAPAN
|
45,134,252
|
||
KOREA (SOUTH) - 2.7%
|
|||
Consumer Discretionary - 0.4%
|
|||
Automobile Components - 0.4%
|
|||
Hyundai Mobis Co Ltd
|
8,915
|
1,669,992
|
|
Consumer Staples - 0.0%
|
|||
Consumer Staples Distribution & Retail - 0.0%
|
|||
BGF retail Co Ltd
|
943
|
71,112
|
|
Industrials - 0.5%
|
|||
Aerospace & Defense - 0.5%
|
|||
Korea Aerospace Industries Ltd
|
35,605
|
2,079,712
|
|
Information Technology - 1.8%
|
|||
Technology Hardware, Storage & Peripherals - 1.8%
|
|||
Samsung Electronics Co Ltd
|
207,989
|
8,098,583
|
|
TOTAL KOREA (SOUTH)
|
11,919,399
|
||
MALAYSIA - 0.4%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
CIMB Group Holdings Bhd
|
1,182,300
|
1,953,047
|
|
MEXICO - 2.5%
|
|||
Communication Services - 0.5%
|
|||
Wireless Telecommunication Services - 0.5%
|
|||
America Movil SAB de CV ADR
|
123,206
|
2,124,071
|
|
Consumer Staples - 1.5%
|
|||
Beverages - 0.4%
|
|||
Fomento Economico Mexicano SAB de CV ADR
|
18,777
|
1,977,406
|
|
Consumer Staples Distribution & Retail - 1.1%
|
|||
Wal-Mart de Mexico SAB de CV Series V
|
1,547,569
|
4,904,588
|
|
TOTAL CONSUMER STAPLES
|
6,881,994
|
||
Financials - 0.2%
|
|||
Banks - 0.2%
|
|||
Grupo Financiero Banorte SAB de CV
|
107,127
|
920,580
|
|
Materials - 0.3%
|
|||
Construction Materials - 0.3%
|
|||
Cemex SAB de CV ADR
|
218,300
|
1,346,911
|
|
TOTAL MEXICO
|
11,273,556
|
||
NETHERLANDS - 1.5%
|
|||
Communication Services - 0.0%
|
|||
Media - 0.0%
|
|||
Havas NV
|
89,469
|
147,796
|
|
Industrials - 0.3%
|
|||
Machinery - 0.1%
|
|||
Aalberts NV
|
13,075
|
431,622
|
|
Aalberts NV rights (c)(e)
|
13,075
|
16,737
|
|
448,359
|
|||
Trading Companies & Distributors - 0.2%
|
|||
IMCD NV
|
6,034
|
798,742
|
|
TOTAL INDUSTRIALS
|
1,247,101
|
||
Information Technology - 1.2%
|
|||
Semiconductors & Semiconductor Equipment - 1.2%
|
|||
ASML Holding NV
|
7,028
|
4,637,673
|
|
BE Semiconductor Industries NV
|
7,398
|
789,809
|
|
5,427,482
|
|||
TOTAL NETHERLANDS
|
6,822,379
|
||
NORWAY - 0.1%
|
|||
Health Care - 0.0%
|
|||
Health Care Equipment & Supplies - 0.0%
|
|||
Medistim ASA (c)
|
2,242
|
34,589
|
|
Industrials - 0.1%
|
|||
Aerospace & Defense - 0.1%
|
|||
Kongsberg Gruppen ASA
|
1,631
|
261,502
|
|
TOTAL NORWAY
|
296,091
|
||
PERU - 0.6%
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
Credicorp Ltd
|
13,869
|
2,804,173
|
|
PHILIPPINES - 0.0%
|
|||
Industrials - 0.0%
|
|||
Transportation Infrastructure - 0.0%
|
|||
International Container Terminal Services Inc
|
13,200
|
80,825
|
|
POLAND - 0.6%
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
Powszechna Kasa Oszczednosci Bank Polski SA
|
135,200
|
2,588,932
|
|
RUSSIA - 0.0%
|
|||
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
LUKOIL PJSC ADR (c)(d)
|
15,040
|
0
|
|
Financials - 0.0%
|
|||
Banks - 0.0%
|
|||
Sberbank of Russia PJSC ADR (c)(d)
|
62,556
|
1
|
|
TOTAL RUSSIA
|
1
|
||
SINGAPORE - 0.6%
|
|||
Communication Services - 0.2%
|
|||
Diversified Telecommunication Services - 0.2%
|
|||
Singapore Telecommunications Ltd
|
289,400
|
837,291
|
|
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
United Overseas Bank Ltd
|
62,801
|
1,667,922
|
|
TOTAL SINGAPORE
|
2,505,213
|
||
SOUTH AFRICA - 1.5%
|
|||
Communication Services - 0.4%
|
|||
Wireless Telecommunication Services - 0.4%
|
|||
MTN Group Ltd
|
263,950
|
1,741,243
|
|
Energy - 0.0%
|
|||
Oil, Gas & Consumable Fuels - 0.0%
|
|||
Thungela Resources Ltd (United Kingdom)
|
4,647
|
23,162
|
|
Financials - 0.3%
|
|||
Financial Services - 0.3%
|
|||
FirstRand Ltd
|
344,164
|
1,343,815
|
|
Materials - 0.8%
|
|||
Metals & Mining - 0.8%
|
|||
Anglo American PLC
|
39,856
|
1,088,004
|
|
Impala Platinum Holdings Ltd (c)
|
388,383
|
2,309,763
|
|
3,397,767
|
|||
TOTAL SOUTH AFRICA
|
6,505,987
|
||
SPAIN - 1.3%
|
|||
Consumer Discretionary - 0.3%
|
|||
Hotels, Restaurants & Leisure - 0.3%
|
|||
Amadeus IT Group SA Class A
|
14,993
|
1,175,010
|
|
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
Banco Santander SA (f)
|
546,822
|
3,829,547
|
|
Bankinter SA
|
73,155
|
848,626
|
|
4,678,173
|
|||
Industrials - 0.0%
|
|||
Machinery - 0.0%
|
|||
Fluidra SA
|
1,941
|
44,681
|
|
TOTAL SPAIN
|
5,897,864
|
||
SWEDEN - 3.6%
|
|||
Communication Services - 0.0%
|
|||
Interactive Media & Services - 0.0%
|
|||
Hemnet Group AB (c)
|
3,838
|
131,434
|
|
Consumer Discretionary - 0.1%
|
|||
Automobile Components - 0.1%
|
|||
Autoliv Inc
|
7,104
|
662,306
|
|
Financials - 0.5%
|
|||
Financial Services - 0.5%
|
|||
Investor AB B Shares
|
83,213
|
2,456,228
|
|
Health Care - 0.0%
|
|||
Life Sciences Tools & Services - 0.0%
|
|||
AddLife AB B Shares
|
3,782
|
71,605
|
|
Industrials - 2.6%
|
|||
Aerospace & Defense - 0.0%
|
|||
INVISIO AB
|
4,091
|
163,801
|
|
Building Products - 0.6%
|
|||
Assa Abloy AB B Shares
|
77,657
|
2,357,200
|
|
Machinery - 1.6%
|
|||
Atlas Copco AB A Shares
|
307,668
|
4,769,960
|
|
Epiroc AB A Shares
|
100,313
|
2,167,022
|
|
6,936,982
|
|||
Trading Companies & Distributors - 0.4%
|
|||
AddTech AB B Shares
|
45,066
|
1,513,468
|
|
Bergman & Beving AB B Shares
|
5,200
|
157,364
|
|
1,670,832
|
|||
TOTAL INDUSTRIALS
|
11,128,815
|
||
Information Technology - 0.4%
|
|||
Electronic Equipment, Instruments & Components - 0.4%
|
|||
Lagercrantz Group AB B Shares
|
69,568
|
1,577,705
|
|
Real Estate - 0.0%
|
|||
Real Estate Management & Development - 0.0%
|
|||
John Mattson Fastighetsforetagen AB (c)
|
11,796
|
74,690
|
|
TOTAL SWEDEN
|
16,102,783
|
||
SWITZERLAND - 2.1%
|
|||
Financials - 1.8%
|
|||
Capital Markets - 0.8%
|
|||
UBS Group AG
|
92,061
|
2,776,275
|
|
UBS Group AG (United States)
|
20,323
|
614,363
|
|
3,390,638
|
|||
Insurance - 1.0%
|
|||
Swiss Life Holding AG
|
1,446
|
1,440,131
|
|
Zurich Insurance Group AG
|
4,352
|
3,086,747
|
|
4,526,878
|
|||
TOTAL FINANCIALS
|
7,917,516
|
||
Health Care - 0.0%
|
|||
Life Sciences Tools & Services - 0.0%
|
|||
Tecan Group AG
|
265
|
51,244
|
|
Industrials - 0.3%
|
|||
Machinery - 0.3%
|
|||
Schindler Holding AG
|
3,914
|
1,426,463
|
|
Schindler Holding AG
|
298
|
105,429
|
|
1,531,892
|
|||
TOTAL SWITZERLAND
|
9,500,652
|
||
TAIWAN - 3.7%
|
|||
Communication Services - 0.0%
|
|||
Interactive Media & Services - 0.0%
|
|||
Addcn Technology Co Ltd
|
21,069
|
114,918
|
|
Consumer Discretionary - 0.4%
|
|||
Textiles, Apparel & Luxury Goods - 0.4%
|
|||
Eclat Textile Co Ltd (c)
|
152,392
|
1,982,369
|
|
Industrials - 0.3%
|
|||
Machinery - 0.3%
|
|||
Hiwin Technologies Corp
|
204,056
|
1,405,753
|
|
Information Technology - 3.0%
|
|||
Electronic Equipment, Instruments & Components - 0.2%
|
|||
Yageo Corp
|
76,809
|
1,099,102
|
|
Semiconductors & Semiconductor Equipment - 2.8%
|
|||
eMemory Technology Inc
|
1,461
|
117,407
|
|
MediaTek Inc
|
45,564
|
1,932,289
|
|
Taiwan Semiconductor Manufacturing Co Ltd
|
354,271
|
10,018,065
|
|
12,067,761
|
|||
TOTAL INFORMATION TECHNOLOGY
|
13,166,863
|
||
TOTAL TAIWAN
|
16,669,903
|
||
TURKEY - 0.3%
|
|||
Industrials - 0.3%
|
|||
Electrical Equipment - 0.3%
|
|||
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS
|
446,869
|
1,166,661
|
|
UNITED ARAB EMIRATES - 0.4%
|
|||
Energy - 0.4%
|
|||
Oil, Gas & Consumable Fuels - 0.4%
|
|||
Adnoc Gas PLC
|
2,335,600
|
2,015,723
|
|
UNITED KINGDOM - 9.8%
|
|||
Communication Services - 0.2%
|
|||
Interactive Media & Services - 0.2%
|
|||
Baltic Classifieds Group PLC
|
48,435
|
219,468
|
|
Rightmove PLC
|
56,614
|
556,666
|
|
776,134
|
|||
Consumer Discretionary - 2.4%
|
|||
Broadline Retail - 0.1%
|
|||
B&M European Value Retail SA
|
56,625
|
253,861
|
|
Hotels, Restaurants & Leisure - 1.7%
|
|||
Compass Group PLC
|
127,294
|
4,291,695
|
|
Dp Poland PLC (c)
|
226,282
|
27,141
|
|
Flutter Entertainment PLC (United Kingdom) (c)
|
1,344
|
321,690
|
|
InterContinental Hotels Group PLC ADR
|
25,466
|
2,747,527
|
|
7,388,053
|
|||
Household Durables - 0.4%
|
|||
Barratt Redrow PLC
|
322,919
|
2,004,590
|
|
Leisure Products - 0.2%
|
|||
Games Workshop Group PLC
|
4,319
|
886,989
|
|
Specialty Retail - 0.0%
|
|||
JD Sports Fashion PLC
|
149,748
|
156,821
|
|
TOTAL CONSUMER DISCRETIONARY
|
10,690,314
|
||
Consumer Staples - 0.7%
|
|||
Consumer Staples Distribution & Retail - 0.2%
|
|||
Tesco PLC
|
151,831
|
751,412
|
|
Tobacco - 0.5%
|
|||
Imperial Brands PLC
|
57,574
|
2,362,436
|
|
TOTAL CONSUMER STAPLES
|
3,113,848
|
||
Financials - 2.8%
|
|||
Banks - 1.3%
|
|||
HSBC Holdings PLC
|
202,165
|
2,253,610
|
|
Lloyds Banking Group PLC
|
2,211,307
|
2,172,561
|
|
Standard Chartered PLC
|
87,700
|
1,263,165
|
|
5,689,336
|
|||
Capital Markets - 1.3%
|
|||
3i Group PLC
|
18,723
|
1,061,426
|
|
London Stock Exchange Group PLC
|
29,627
|
4,613,266
|
|
5,674,692
|
|||
Insurance - 0.2%
|
|||
Beazley PLC
|
79,906
|
941,910
|
|
TOTAL FINANCIALS
|
12,305,938
|
||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
Astrazeneca PLC
|
7,518
|
1,077,079
|
|
Industrials - 2.5%
|
|||
Aerospace & Defense - 1.5%
|
|||
Avon Technologies PLC
|
2,000
|
36,249
|
|
BAE Systems PLC
|
246,593
|
5,716,676
|
|
Rolls-Royce Holdings PLC
|
94,534
|
956,918
|
|
6,709,843
|
|||
Machinery - 0.1%
|
|||
Bodycote PLC
|
33,432
|
212,081
|
|
Spirax Group PLC
|
380
|
29,753
|
|
241,834
|
|||
Marine Transportation - 0.0%
|
|||
Clarkson PLC
|
1,774
|
77,664
|
|
Professional Services - 0.7%
|
|||
RELX PLC
|
60,627
|
3,308,728
|
|
Trading Companies & Distributors - 0.2%
|
|||
Bunzl PLC
|
17,866
|
561,430
|
|
Diploma PLC
|
2,247
|
118,645
|
|
Howden Joinery Group PLC
|
31,478
|
322,601
|
|
1,002,676
|
|||
TOTAL INDUSTRIALS
|
11,340,745
|
||
Information Technology - 0.4%
|
|||
Electronic Equipment, Instruments & Components - 0.2%
|
|||
Oxford Instruments PLC
|
3,177
|
69,437
|
|
Spectris PLC
|
37,763
|
1,006,536
|
|
1,075,973
|
|||
Software - 0.2%
|
|||
Sage Group PLC/The
|
55,255
|
911,274
|
|
TOTAL INFORMATION TECHNOLOGY
|
1,987,247
|
||
Materials - 0.6%
|
|||
Metals & Mining - 0.6%
|
|||
Anglogold Ashanti Plc
|
62,017
|
2,614,637
|
|
Real Estate - 0.0%
|
|||
Residential REITs - 0.0%
|
|||
UNITE Group PLC/The
|
12,506
|
143,417
|
|
TOTAL UNITED KINGDOM
|
44,049,359
|
||
UNITED STATES - 11.1%
|
|||
Consumer Staples - 0.1%
|
|||
Consumer Staples Distribution & Retail - 0.1%
|
|||
PriceSmart Inc
|
5,409
|
548,959
|
|
Energy - 0.9%
|
|||
Oil, Gas & Consumable Fuels - 0.9%
|
|||
Shell PLC ADR
|
63,087
|
4,067,850
|
|
Financials - 3.2%
|
|||
Capital Markets - 1.4%
|
|||
Moody's Corp
|
7,189
|
3,257,480
|
|
Morningstar Inc
|
910
|
259,094
|
|
S&P Global Inc
|
5,771
|
2,885,789
|
|
6,402,363
|
|||
Financial Services - 1.1%
|
|||
Mastercard Inc Class A
|
4,276
|
2,343,505
|
|
Visa Inc Class A
|
7,374
|
2,547,717
|
|
4,891,222
|
|||
Insurance - 0.7%
|
|||
Marsh & McLennan Cos Inc
|
14,275
|
3,218,584
|
|
TOTAL FINANCIALS
|
14,512,169
|
||
Health Care - 0.8%
|
|||
Pharmaceuticals - 0.8%
|
|||
GSK PLC
|
29,349
|
580,602
|
|
Roche Holding AG
|
8,556
|
2,797,697
|
|
3,378,299
|
|||
Industrials - 2.2%
|
|||
Commercial Services & Supplies - 0.4%
|
|||
GFL Environmental Inc Subordinate Voting Shares
|
31,975
|
1,595,503
|
|
Electrical Equipment - 0.7%
|
|||
GE Vernova Inc
|
8,636
|
3,202,402
|
|
Machinery - 0.2%
|
|||
Otis Worldwide Corp
|
11,090
|
1,067,634
|
|
Professional Services - 0.8%
|
|||
Experian PLC
|
71,494
|
3,556,901
|
|
Trading Companies & Distributors - 0.1%
|
|||
Ferguson Enterprises Inc (United Kingdom)
|
2,723
|
457,609
|
|
TOTAL INDUSTRIALS
|
9,880,049
|
||
Materials - 3.9%
|
|||
Chemicals - 1.7%
|
|||
Linde PLC
|
13,785
|
6,247,776
|
|
Sherwin-Williams Co/The
|
3,956
|
1,396,151
|
|
7,643,927
|
|||
Construction Materials - 2.2%
|
|||
CRH PLC
|
83,126
|
7,931,883
|
|
Holcim AG
|
15,781
|
1,763,495
|
|
9,695,378
|
|||
TOTAL MATERIALS
|
17,339,305
|
||
TOTAL UNITED STATES
|
49,726,631
|
||
TOTAL COMMON STOCKS
(Cost $350,628,109)
|
435,790,033
|
||
Convertible Preferred Stocks - 0.0%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.0%
|
|||
Communication Services - 0.0%
|
|||
Interactive Media & Services - 0.0%
|
|||
ByteDance Ltd Series E1 (c)(d)(g)
(Cost $63,224)
|
577
|
122,491
|
|
Non-Convertible Preferred Stocks - 0.1%
|
|||
Shares
|
Value ($)
|
||
GERMANY - 0.1%
|
|||
Consumer Discretionary - 0.1%
|
|||
Automobiles - 0.1%
|
|||
Porsche Automobil Holding SE
(Cost $441,454)
|
7,660
|
315,828
|
|
Money Market Funds - 4.2%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (h)
|
4.33
|
16,011,115
|
16,014,317
|
|
Fidelity Securities Lending Cash Central Fund (h)(i)
|
4.33
|
2,941,456
|
2,941,750
|
|
TOTAL MONEY MARKET FUNDS
(Cost $18,956,063)
|
18,956,067
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.5%
(Cost $370,088,850)
|
455,184,419
|
NET OTHER ASSETS (LIABILITIES) - (1.5)%
|
(6,746,721)
|
NET ASSETS - 100.0%
|
448,437,698
|
(a)
|
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 $8,522,805 or 1.9% of net assets.
|
(b)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $7,844,620 or 1.7% of net assets.
|
(c)
|
Non-income producing
|
(d)
|
Level 3 security
|
(e)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(f)
|
Security or a portion of the security is on loan at period end.
|
(g)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $122,491 or 0.0% of net assets.
|
(h)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(i)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ByteDance Ltd Series E1
|
11/18/20
|
63,224
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
9,756,116
|
174,144,628
|
167,886,427
|
204,117
|
-
|
-
|
16,014,317
|
16,011,115
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
897,547
|
29,399,439
|
27,355,236
|
6,455
|
-
|
-
|
2,941,750
|
2,941,456
|
0.0%
|
Total
|
10,653,663
|
203,544,067
|
195,241,663
|
210,572
|
-
|
-
|
18,956,067
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
24,940,640
|
6,909,386
|
18,031,254
|
-
|
Consumer Discretionary
|
41,103,345
|
22,248,263
|
18,855,082
|
-
|
Consumer Staples
|
15,503,692
|
9,988,025
|
5,515,667
|
-
|
Energy
|
18,056,434
|
13,752,978
|
4,303,456
|
-
|
Financials
|
121,906,604
|
67,406,872
|
54,499,731
|
1
|
Health Care
|
21,313,004
|
13,133,336
|
8,179,668
|
-
|
Industrials
|
91,552,258
|
33,889,724
|
57,662,534
|
-
|
Information Technology
|
54,919,156
|
16,646,628
|
38,272,528
|
-
|
Materials
|
44,285,899
|
30,535,867
|
13,750,032
|
-
|
Real Estate
|
1,245,245
|
471,287
|
773,958
|
-
|
Utilities
|
963,756
|
506,562
|
457,194
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
122,491
|
-
|
-
|
122,491
|
Non-Convertible Preferred Stocks
|
||||
Consumer Discretionary
|
315,828
|
-
|
315,828
|
-
|
Money Market Funds
|
18,956,067
|
18,956,067
|
-
|
-
|
Total Investments in Securities:
|
455,184,419
|
234,444,995
|
220,616,932
|
122,492
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $2,681,342) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $351,132,787)
|
$
|
436,228,352
|
||
Fidelity Central Funds (cost $18,956,063)
|
18,956,067
|
|||
Total Investment in Securities (cost $370,088,850)
|
$
|
455,184,419
|
||
Cash
|
49,769
|
|||
Foreign currency held at value (cost $55,088)
|
55,397
|
|||
Receivable for investments sold
|
550,140
|
|||
Receivable for fund shares sold
|
1,959,891
|
|||
Dividends receivable
|
1,238,324
|
|||
Reclaims receivable
|
410,177
|
|||
Interest receivable
|
43
|
|||
Distributions receivable from Fidelity Central Funds
|
53,704
|
|||
Prepaid expenses
|
86
|
|||
Receivable from investment adviser for expense reductions
|
13,371
|
|||
Other receivables
|
64,771
|
|||
Total assets
|
459,580,092
|
|||
Liabilities
|
||||
Payable for investments purchased
|
||||
Regular delivery
|
$
|
6,641,017
|
||
Delayed delivery
|
32,596
|
|||
Payable for fund shares redeemed
|
960,673
|
|||
Accrued management fee
|
296,599
|
|||
Distribution and service plan fees payable
|
13,487
|
|||
Other payables and accrued expenses
|
256,272
|
|||
Collateral on securities loaned
|
2,941,750
|
|||
Total liabilities
|
11,142,394
|
|||
Net Assets
|
$
|
448,437,698
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
370,229,528
|
||
Total accumulated earnings (loss)
|
78,208,170
|
|||
Net Assets
|
$
|
448,437,698
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($30,595,164 ÷ 2,468,729 shares)(a)
|
$
|
12.39
|
||
Maximum offering price per share (100/94.25 of $12.39)
|
$
|
13.15
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($13,081,227 ÷ 1,047,478 shares)(a)
|
$
|
12.49
|
||
Maximum offering price per share (100/96.50 of $12.49)
|
$
|
12.94
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($2,845,527 ÷ 229,401 shares)(a)
|
$
|
12.40
|
||
Total International Equity :
|
||||
Net Asset Value, offering price and redemption price per share ($281,010,942 ÷ 22,605,792 shares)
|
$
|
12.43
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($85,017,883 ÷ 6,867,101 shares)
|
$
|
12.38
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($35,886,955 ÷ 2,875,458 shares)
|
$
|
12.48
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
4,142,401
|
||
Non-Cash dividends
|
529,286
|
|||
Income from Fidelity Central Funds (including $6,455 from security lending)
|
210,572
|
|||
Income before foreign taxes withheld
|
$
|
4,882,259
|
||
Less foreign taxes withheld
|
(382,368)
|
|||
Total income
|
4,499,891
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
1,473,489
|
||
Performance adjustment
|
56,459
|
|||
Distribution and service plan fees
|
80,182
|
|||
Custodian fees and expenses
|
74,598
|
|||
Independent trustees' fees and expenses
|
726
|
|||
Registration fees
|
56,479
|
|||
Audit fees
|
47,685
|
|||
Legal
|
1,462
|
|||
Miscellaneous
|
2,386
|
|||
Total expenses before reductions
|
1,793,466
|
|||
Expense reductions
|
(37,160)
|
|||
Total expenses after reductions
|
1,756,306
|
|||
Net Investment income (loss)
|
2,743,585
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $76,797)
|
(823,709)
|
|||
Foreign currency transactions
|
(58,447)
|
|||
Total net realized gain (loss)
|
(882,156)
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $77,622)
|
21,113,488
|
|||
Assets and liabilities in foreign currencies
|
51,688
|
|||
Total change in net unrealized appreciation (depreciation)
|
21,165,176
|
|||
Net gain (loss)
|
20,283,020
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
23,026,605
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
2,743,585
|
$
|
3,732,888
|
Net realized gain (loss)
|
(882,156)
|
4,359,942
|
||
Change in net unrealized appreciation (depreciation)
|
21,165,176
|
50,001,353
|
||
Net increase (decrease) in net assets resulting from operations
|
23,026,605
|
58,094,183
|
||
Distributions to shareholders
|
(4,837,858)
|
(3,300,481)
|
||
Share transactions - net increase (decrease)
|
110,489,613
|
42,264,083
|
||
Total increase (decrease) in net assets
|
128,678,360
|
97,057,785
|
||
Net Assets
|
||||
Beginning of period
|
319,759,338
|
222,701,553
|
||
End of period
|
$
|
448,437,698
|
$
|
319,759,338
|
Fidelity Advisor® Total International Equity Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
11.84
|
$
|
9.56
|
$
|
8.56
|
$
|
12.48
|
$
|
9.60
|
$
|
9.34
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.08
|
.13
|
.13
|
.15
|
.11 C
|
.05
|
||||||
Net realized and unrealized gain (loss)
|
.61
|
2.27
|
.95
|
(3.10)
|
3.03
|
.35
|
||||||
Total from investment operations
|
.69
|
2.40
|
1.08
|
(2.95)
|
3.14
|
.40
|
||||||
Distributions from net investment income
|
(.14)
|
(.12)
|
(.08)
|
(.19)
|
(.06)
|
(.14)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(.77)
|
(.20)
|
-
|
||||||
Total distributions
|
(.14)
|
(.12)
|
(.08)
|
(.97) D
|
(.26)
|
(.14)
|
||||||
Net asset value, end of period
|
$
|
12.39
|
$
|
11.84
|
$
|
9.56
|
$
|
8.56
|
$
|
12.48
|
$
|
9.60
|
Total Return E,F,G
|
5.91 % |
25.25%
|
12.66%
|
(25.44)%
|
33.04%
|
4.31%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.25% J
|
1.28%
|
1.39%
|
1.56%
|
1.60%
|
1.66%
|
||||||
Expenses net of fee waivers, if any
|
1.20 % J |
1.24%
|
1.29%
|
1.30%
|
1.34%
|
1.39%
|
||||||
Expenses net of all reductions, if any
|
1.20% J
|
1.24%
|
1.29%
|
1.30%
|
1.34%
|
1.37%
|
||||||
Net investment income (loss)
|
1.31% J
|
1.11%
|
1.33%
|
1.55%
|
.91% C
|
.58%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
30,595
|
$
|
24,152
|
$
|
17,343
|
$
|
12,786
|
$
|
8,642
|
$
|
6,091
|
Portfolio turnover rate K
|
42 % J |
33%
|
28%
|
31%
|
39%
|
37%
|
Fidelity Advisor® Total International Equity Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
11.91
|
$
|
9.62
|
$
|
8.61
|
$
|
12.53
|
$
|
9.65
|
$
|
9.38
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.06
|
.10
|
.11
|
.13
|
.08 C
|
.03
|
||||||
Net realized and unrealized gain (loss)
|
.63
|
2.28
|
.95
|
(3.12)
|
3.04
|
.36
|
||||||
Total from investment operations
|
.69
|
2.38
|
1.06
|
(2.99)
|
3.12
|
.39
|
||||||
Distributions from net investment income
|
(.11)
|
(.09)
|
(.05)
|
(.15)
|
(.04)
|
(.12)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(.77)
|
(.20)
|
-
|
||||||
Total distributions
|
(.11)
|
(.09)
|
(.05)
|
(.93) D
|
(.24)
|
(.12)
|
||||||
Net asset value, end of period
|
$
|
12.49
|
$
|
11.91
|
$
|
9.62
|
$
|
8.61
|
$
|
12.53
|
$
|
9.65
|
Total Return E,F,G
|
5.83 % |
24.91%
|
12.34%
|
(25.59)%
|
32.63%
|
4.13%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.50% J
|
1.52%
|
1.66%
|
1.80%
|
1.83%
|
1.90%
|
||||||
Expenses net of fee waivers, if any
|
1.45 % J |
1.48%
|
1.54%
|
1.55%
|
1.59%
|
1.64%
|
||||||
Expenses net of all reductions, if any
|
1.45% J
|
1.48%
|
1.54%
|
1.55%
|
1.59%
|
1.62%
|
||||||
Net investment income (loss)
|
1.06% J
|
.87%
|
1.09%
|
1.29%
|
.65% C
|
.33%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
13,081
|
$
|
13,015
|
$
|
10,624
|
$
|
9,876
|
$
|
12,936
|
$
|
10,620
|
Portfolio turnover rate K
|
42 % J |
33%
|
28%
|
31%
|
39%
|
37%
|
Fidelity Advisor® Total International Equity Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
11.79
|
$
|
9.53
|
$
|
8.53
|
$
|
12.41
|
$
|
9.57
|
$
|
9.30
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.03
|
.04
|
.06
|
.08
|
.02 C
|
(.02)
|
||||||
Net realized and unrealized gain (loss)
|
.62
|
2.27
|
.95
|
(3.11)
|
3.02
|
.36
|
||||||
Total from investment operations
|
.65
|
2.31
|
1.01
|
(3.03)
|
3.04
|
.34
|
||||||
Distributions from net investment income
|
(.04)
|
(.05)
|
(.01)
|
(.07)
|
-
|
(.07)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(.77)
|
(.20)
|
-
|
||||||
Total distributions
|
(.04)
|
(.05)
|
(.01)
|
(.85) D
|
(.20)
|
(.07)
|
||||||
Net asset value, end of period
|
$
|
12.40
|
$
|
11.79
|
$
|
9.53
|
$
|
8.53
|
$
|
12.41
|
$
|
9.57
|
Total Return E,F,G
|
5.55 % |
24.28%
|
11.82%
|
(26.04)%
|
32.00%
|
3.62%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
2.00% J
|
2.02%
|
2.18%
|
2.34%
|
2.40%
|
2.46%
|
||||||
Expenses net of fee waivers, if any
|
1.95 % J |
1.99%
|
2.04%
|
2.05%
|
2.10%
|
2.14%
|
||||||
Expenses net of all reductions, if any
|
1.95% J
|
1.99%
|
2.04%
|
2.05%
|
2.10%
|
2.12%
|
||||||
Net investment income (loss)
|
.55% J
|
.36%
|
.58%
|
.79%
|
.15% C
|
(.17)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,846
|
$
|
2,950
|
$
|
2,475
|
$
|
1,893
|
$
|
1,982
|
$
|
1,827
|
Portfolio turnover rate K
|
42 % J |
33%
|
28%
|
31%
|
39%
|
37%
|
Fidelity® Total International Equity Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
11.90
|
$
|
9.60
|
$
|
8.60
|
$
|
12.54
|
$
|
9.64
|
$
|
9.37
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.09
|
.16
|
.16
|
.18
|
.14 C
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
.62
|
2.28
|
.94
|
(3.12)
|
3.04
|
.35
|
||||||
Total from investment operations
|
.71
|
2.44
|
1.10
|
(2.94)
|
3.18
|
.43
|
||||||
Distributions from net investment income
|
(.18)
|
(.14)
|
(.10)
|
(.23)
|
(.08)
|
(.16)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(.77)
|
(.20)
|
-
|
||||||
Total distributions
|
(.18)
|
(.14)
|
(.10)
|
(1.00)
|
(.28)
|
(.16)
|
||||||
Net asset value, end of period
|
$
|
12.43
|
$
|
11.90
|
$
|
9.60
|
$
|
8.60
|
$
|
12.54
|
$
|
9.64
|
Total Return D,E
|
6.05 % |
25.68%
|
12.80%
|
(25.25)%
|
33.37%
|
4.65%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.95% H
|
.99%
|
1.11%
|
1.23%
|
1.27%
|
1.34%
|
||||||
Expenses net of fee waivers, if any
|
.95 % H |
.99%
|
1.04%
|
1.05%
|
1.09%
|
1.14%
|
||||||
Expenses net of all reductions, if any
|
.95% H
|
.99%
|
1.04%
|
1.05%
|
1.09%
|
1.12%
|
||||||
Net investment income (loss)
|
1.56% H
|
1.36%
|
1.58%
|
1.79%
|
1.16% C
|
.83%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
281,011
|
$
|
163,406
|
$
|
108,561
|
$
|
86,458
|
$
|
82,604
|
$
|
61,362
|
Portfolio turnover rate I
|
42 % H |
33%
|
28%
|
31%
|
39%
|
37%
|
Fidelity Advisor® Total International Equity Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
11.85
|
$
|
9.56
|
$
|
8.56
|
$
|
12.49
|
$
|
9.60
|
$
|
9.35
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.09
|
.16
|
.16
|
.17
|
.14 C
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
.62
|
2.27
|
.94
|
(3.10)
|
3.03
|
.34
|
||||||
Total from investment operations
|
.71
|
2.43
|
1.10
|
(2.93)
|
3.17
|
.42
|
||||||
Distributions from net investment income
|
(.18)
|
(.14)
|
(.10)
|
(.23)
|
(.08)
|
(.17)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(.77)
|
(.20)
|
-
|
||||||
Total distributions
|
(.18)
|
(.14)
|
(.10)
|
(1.00)
|
(.28)
|
(.17)
|
||||||
Net asset value, end of period
|
$
|
12.38
|
$
|
11.85
|
$
|
9.56
|
$
|
8.56
|
$
|
12.49
|
$
|
9.60
|
Total Return D,E
|
6.05 % |
25.69%
|
12.86%
|
(25.28)%
|
33.40%
|
4.50%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.98% H
|
.99%
|
1.09%
|
1.22%
|
1.26%
|
1.33%
|
||||||
Expenses net of fee waivers, if any
|
.95 % H |
.97%
|
1.04%
|
1.04%
|
1.06%
|
1.14%
|
||||||
Expenses net of all reductions, if any
|
.95% H
|
.97%
|
1.04%
|
1.04%
|
1.06%
|
1.13%
|
||||||
Net investment income (loss)
|
1.56% H
|
1.38%
|
1.58%
|
1.80%
|
1.18% C
|
.82%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
85,018
|
$
|
69,379
|
$
|
57,299
|
$
|
35,423
|
$
|
5,714
|
$
|
2,073
|
Portfolio turnover rate I
|
42 % H |
33%
|
28%
|
31%
|
39%
|
37%
|
Fidelity Advisor® Total International Equity Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
11.93
|
$
|
9.63
|
$
|
8.61
|
$
|
12.53
|
$
|
9.62
|
$
|
9.36
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.10
|
.17
|
.17
|
.19
|
.16 C
|
.09
|
||||||
Net realized and unrealized gain (loss)
|
.63
|
2.28
|
.95
|
(3.11)
|
3.03
|
.35
|
||||||
Total from investment operations
|
.73
|
2.45
|
1.12
|
(2.92)
|
3.19
|
.44
|
||||||
Distributions from net investment income
|
(.18)
|
(.15)
|
(.10)
|
(.23)
|
(.08)
|
(.18)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(.77)
|
(.20)
|
-
|
||||||
Total distributions
|
(.18)
|
(.15)
|
(.10)
|
(1.00)
|
(.28)
|
(.18)
|
||||||
Net asset value, end of period
|
$
|
12.48
|
$
|
11.93
|
$
|
9.63
|
$
|
8.61
|
$
|
12.53
|
$
|
9.62
|
Total Return D,E
|
6.17 % |
25.73%
|
13.04%
|
(25.09)%
|
33.54%
|
4.74%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.85% H
|
.89%
|
.95%
|
1.10%
|
1.16%
|
1.22%
|
||||||
Expenses net of fee waivers, if any
|
.80 % H |
.85%
|
.89%
|
.90%
|
.94%
|
.98%
|
||||||
Expenses net of all reductions, if any
|
.80% H
|
.85%
|
.89%
|
.90%
|
.94%
|
.97%
|
||||||
Net investment income (loss)
|
1.71% H
|
1.50%
|
1.74%
|
1.94%
|
1.31% C
|
.99%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
35,887
|
$
|
46,858
|
$
|
26,401
|
$
|
7,681
|
$
|
5,752
|
$
|
3,422
|
Portfolio turnover rate I
|
42 % H |
33%
|
28%
|
31%
|
39%
|
37%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$98,049,766
|
Gross unrealized depreciation
|
(17,139,797)
|
Net unrealized appreciation (depreciation)
|
$80,909,969
|
Tax cost
|
$374,274,450
|
Short-term
|
$(4,514,700)
|
Long-term
|
-
|
Total capital loss carryforward
|
$(4,514,700)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Total International Equity Fund
|
180,463,821
|
73,432,459
|
Maximum Management Fee Rate %
|
|
Class A
|
.88
|
Class M
|
.88
|
Class C
|
.88
|
Total International Equity
|
.87
|
Class I
|
.85
|
Class Z
|
.72
|
Total Management Fee Rate %
|
|
Class A
|
.86
|
Class M
|
.86
|
Class C
|
.86
|
Total International Equity
|
.82
|
Class I
|
.85
|
Class Z
|
.72
|
Performance Adjustment Index
|
|
Fidelity Total International Equity Fund
|
MSCI All Country World ex USA Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
32,888
|
1,062
|
Class M
|
.25%
|
.25%
|
32,606
|
330
|
Class C
|
.75%
|
.25%
|
14,688
|
2,604
|
80,182
|
3,996
|
Retained by FDC ($)
|
|
Class A
|
8,937
|
Class M
|
354
|
Class CA
|
19
|
9,310
|
Amount ($)
|
|
Fidelity Total International Equity Fund
|
267
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Total International Equity Fund
|
7,556,437
|
1,262,489
|
1,307
|
Amount ($)
|
|
Fidelity Total International Equity Fund
|
270
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Total International Equity Fund
|
651
|
-
|
-
|
Expense Limitations
|
Reimbursement ($)
|
|
Class A
|
1.20%
|
6,163
|
Class M
|
1.45%
|
3,019
|
Class C
|
1.95%
|
657
|
Total International Equity
|
.95%
|
4,599
|
Class I
|
.95%
|
12,103
|
Class Z
|
.80%
|
9,826
|
36,367
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Total International Equity Fund
|
||
Distributions to shareholders
|
||
Class A
|
$294,865
|
$214,708
|
Class M
|
118,208
|
103,563
|
Class C
|
10,828
|
12,847
|
Total International Equity
|
2,693,319
|
1,657,937
|
Class I
|
1,209,622
|
886,527
|
Class Z
|
511,016
|
424,899
|
Total
|
$4,837,858
|
$3,300,481
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Total International Equity Fund
|
||||
Class A
|
||||
Shares sold
|
618,445
|
549,290
|
$7,384,893
|
$6,240,487
|
Reinvestment of distributions
|
25,108
|
20,725
|
294,592
|
213,883
|
Shares redeemed
|
(214,692)
|
(344,770)
|
(2,567,644)
|
(3,941,834)
|
Net increase (decrease)
|
428,861
|
225,245
|
$5,111,841
|
$2,512,536
|
Class M
|
||||
Shares sold
|
57,011
|
137,040
|
$686,899
|
$1,587,737
|
Reinvestment of distributions
|
9,993
|
9,958
|
118,147
|
103,562
|
Shares redeemed
|
(112,228)
|
(159,164)
|
(1,363,391)
|
(1,820,564)
|
Net increase (decrease)
|
(45,224)
|
(12,166)
|
$(558,345)
|
$(129,265)
|
Class C
|
||||
Shares sold
|
33,320
|
57,438
|
$402,295
|
$630,153
|
Reinvestment of distributions
|
926
|
1,241
|
10,828
|
12,847
|
Shares redeemed
|
(54,987)
|
(68,257)
|
(641,806)
|
(785,305)
|
Net increase (decrease)
|
(20,741)
|
(9,578)
|
$(228,683)
|
$(142,305)
|
Total International Equity
|
||||
Shares sold
|
11,296,090
|
4,737,578
|
$135,145,569
|
$54,385,150
|
Reinvestment of distributions
|
200,010
|
144,359
|
2,352,232
|
1,492,669
|
Shares redeemed
|
(2,624,783)
|
(2,451,059)
|
(31,060,537)
|
(27,787,042)
|
Net increase (decrease)
|
8,871,317
|
2,430,878
|
$106,437,264
|
$28,090,777
|
Class I
|
||||
Shares sold
|
2,533,110
|
2,162,129
|
$30,083,298
|
$24,037,565
|
Reinvestment of distributions
|
101,172
|
85,453
|
1,185,843
|
880,163
|
Shares redeemed
|
(1,622,860)
|
(2,382,839)
|
(19,003,595)
|
(26,892,945)
|
Net increase (decrease)
|
1,011,422
|
(135,257)
|
$12,265,546
|
$(1,975,217)
|
Class Z
|
||||
Shares sold
|
1,346,988
|
2,618,679
|
$16,053,422
|
$30,191,085
|
Reinvestment of distributions
|
40,881
|
37,496
|
482,408
|
388,454
|
Shares redeemed
|
(2,439,323)
|
(1,471,673)
|
(29,073,840)
|
(16,671,982)
|
Net increase (decrease)
|
(1,051,454)
|
1,184,502
|
$(12,538,010)
|
$13,907,557
|
![]() |
Contents
Common Stocks - 95.8%
|
|||
Shares
|
Value ($)
|
||
BELGIUM - 0.1%
|
|||
Industrials - 0.1%
|
|||
Trading Companies & Distributors - 0.1%
|
|||
Azelis Group NV
|
992,905
|
15,342,441
|
|
CANADA - 2.4%
|
|||
Industrials - 1.3%
|
|||
Aerospace & Defense - 0.2%
|
|||
CAE Inc (a)
|
533,511
|
13,347,450
|
|
Ground Transportation - 1.1%
|
|||
Canadian Pacific Kansas City Ltd
|
916,400
|
66,559,649
|
|
TOTAL INDUSTRIALS
|
79,907,099
|
||
Materials - 1.1%
|
|||
Metals & Mining - 1.1%
|
|||
Franco-Nevada Corp
|
428,080
|
73,564,799
|
|
TOTAL CANADA
|
153,471,898
|
||
CHINA - 0.8%
|
|||
Communication Services - 0.8%
|
|||
Interactive Media & Services - 0.8%
|
|||
Tencent Holdings Ltd
|
808,800
|
49,539,772
|
|
Consumer Discretionary - 0.0%
|
|||
Hotels, Restaurants & Leisure - 0.0%
|
|||
Trip.com Group Ltd ADR
|
37,400
|
2,206,226
|
|
TOTAL CHINA
|
51,745,998
|
||
DENMARK - 1.8%
|
|||
Health Care - 1.8%
|
|||
Pharmaceuticals - 1.8%
|
|||
Novo Nordisk A/S Series B
|
1,727,300
|
115,489,980
|
|
FINLAND - 1.1%
|
|||
Industrials - 1.1%
|
|||
Machinery - 1.1%
|
|||
Kone Oyj B Shares
|
1,115,704
|
68,883,928
|
|
FRANCE - 12.5%
|
|||
Consumer Discretionary - 2.6%
|
|||
Textiles, Apparel & Luxury Goods - 2.6%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
306,545
|
169,804,238
|
|
Health Care - 1.4%
|
|||
Health Care Equipment & Supplies - 1.4%
|
|||
EssilorLuxottica SA
|
325,921
|
93,301,794
|
|
Industrials - 8.3%
|
|||
Aerospace & Defense - 6.6%
|
|||
Airbus SE
|
768,400
|
130,390,212
|
|
Safran SA
|
1,113,000
|
296,191,095
|
|
426,581,307
|
|||
Electrical Equipment - 1.7%
|
|||
Legrand SA
|
978,100
|
107,493,024
|
|
TOTAL INDUSTRIALS
|
534,074,331
|
||
Information Technology - 0.2%
|
|||
Software - 0.2%
|
|||
Lectra
|
397,459
|
10,243,447
|
|
TOTAL FRANCE
|
807,423,810
|
||
GERMANY - 9.1%
|
|||
Communication Services - 0.3%
|
|||
Entertainment - 0.3%
|
|||
CTS Eventim AG & Co KGaA
|
165,100
|
19,414,081
|
|
Financials - 2.0%
|
|||
Capital Markets - 2.0%
|
|||
Deutsche Boerse AG
|
400,900
|
129,127,444
|
|
Information Technology - 6.8%
|
|||
Software - 6.8%
|
|||
SAP SE
|
1,509,600
|
441,691,809
|
|
TOTAL GERMANY
|
590,233,334
|
||
INDIA - 1.0%
|
|||
Energy - 0.4%
|
|||
Oil, Gas & Consumable Fuels - 0.4%
|
|||
Reliance Industries Ltd
|
1,733,300
|
28,741,237
|
|
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
HDFC Bank Ltd
|
1,490,891
|
33,818,098
|
|
Financial Services - 0.0%
|
|||
Jio Financial Services Ltd (a)
|
970,400
|
2,993,029
|
|
TOTAL FINANCIALS
|
36,811,127
|
||
TOTAL INDIA
|
65,552,364
|
||
ITALY - 0.9%
|
|||
Consumer Discretionary - 0.5%
|
|||
Textiles, Apparel & Luxury Goods - 0.5%
|
|||
Prada Spa (a)
|
5,520,400
|
34,522,074
|
|
Industrials - 0.4%
|
|||
Machinery - 0.4%
|
|||
Interpump Group SpA
|
740,226
|
25,224,036
|
|
TOTAL ITALY
|
59,746,110
|
||
JAPAN - 8.8%
|
|||
Communication Services - 0.8%
|
|||
Entertainment - 0.8%
|
|||
Nintendo Co Ltd
|
599,200
|
49,745,589
|
|
Consumer Discretionary - 0.4%
|
|||
Specialty Retail - 0.4%
|
|||
USS Co Ltd
|
3,222,800
|
32,209,967
|
|
Health Care - 0.9%
|
|||
Health Care Equipment & Supplies - 0.9%
|
|||
Hoya Corp
|
468,400
|
55,114,843
|
|
Industrials - 3.8%
|
|||
Construction & Engineering - 0.4%
|
|||
SHO-BOND Holdings Co Ltd
|
752,000
|
26,933,781
|
|
Machinery - 0.6%
|
|||
Komatsu Ltd
|
1,306,100
|
37,771,851
|
|
Professional Services - 2.8%
|
|||
Recruit Holdings Co Ltd
|
3,248,400
|
180,011,032
|
|
TOTAL INDUSTRIALS
|
244,716,664
|
||
Information Technology - 2.9%
|
|||
Electronic Equipment, Instruments & Components - 2.9%
|
|||
Azbil Corp
|
6,730,712
|
57,995,784
|
|
Keyence Corp
|
301,748
|
126,158,314
|
|
184,154,098
|
|||
TOTAL JAPAN
|
565,941,161
|
||
NETHERLANDS - 4.7%
|
|||
Industrials - 0.7%
|
|||
Machinery - 0.1%
|
|||
Aalberts NV
|
260,700
|
8,606,033
|
|
Aalberts NV rights (a)(b)
|
254,800
|
326,174
|
|
8,932,207
|
|||
Trading Companies & Distributors - 0.6%
|
|||
IMCD NV
|
279,146
|
36,951,539
|
|
TOTAL INDUSTRIALS
|
45,883,746
|
||
Information Technology - 4.0%
|
|||
Semiconductors & Semiconductor Equipment - 4.0%
|
|||
ASML Holding NV
|
337,742
|
222,870,922
|
|
BE Semiconductor Industries NV
|
299,464
|
31,970,712
|
|
254,841,634
|
|||
TOTAL NETHERLANDS
|
300,725,380
|
||
SPAIN - 0.8%
|
|||
Consumer Discretionary - 0.8%
|
|||
Hotels, Restaurants & Leisure - 0.8%
|
|||
Amadeus IT Group SA Class A
|
688,000
|
53,918,947
|
|
SWEDEN - 8.1%
|
|||
Consumer Discretionary - 0.4%
|
|||
Automobile Components - 0.4%
|
|||
Autoliv Inc (c)
|
306,769
|
28,600,074
|
|
Industrials - 7.2%
|
|||
Building Products - 1.7%
|
|||
Assa Abloy AB B Shares
|
3,563,710
|
108,172,806
|
|
Machinery - 5.0%
|
|||
Atlas Copco AB A Shares
|
14,119,100
|
218,896,812
|
|
Epiroc AB A Shares
|
4,603,417
|
99,445,809
|
|
318,342,621
|
|||
Trading Companies & Distributors - 0.5%
|
|||
AddTech AB B Shares
|
982,490
|
32,995,319
|
|
TOTAL INDUSTRIALS
|
459,510,746
|
||
Information Technology - 0.5%
|
|||
Electronic Equipment, Instruments & Components - 0.5%
|
|||
Lagercrantz Group AB B Shares
|
1,511,600
|
34,280,970
|
|
TOTAL SWEDEN
|
522,391,790
|
||
SWITZERLAND - 3.1%
|
|||
Financials - 2.0%
|
|||
Capital Markets - 2.0%
|
|||
UBS Group AG
|
4,224,732
|
127,404,834
|
|
Industrials - 1.1%
|
|||
Machinery - 1.1%
|
|||
Schindler Holding AG
|
175,048
|
63,796,497
|
|
Schindler Holding AG
|
18,350
|
6,492,033
|
|
70,288,530
|
|||
TOTAL SWITZERLAND
|
197,693,364
|
||
TAIWAN - 1.8%
|
|||
Information Technology - 1.8%
|
|||
Semiconductors & Semiconductor Equipment - 1.8%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
4,200,000
|
118,767,466
|
|
UNITED KINGDOM - 14.4%
|
|||
Communication Services - 0.3%
|
|||
Interactive Media & Services - 0.3%
|
|||
Rightmove PLC
|
1,946,773
|
19,141,957
|
|
Consumer Discretionary - 5.3%
|
|||
Hotels, Restaurants & Leisure - 5.1%
|
|||
Compass Group PLC
|
5,841,600
|
196,948,515
|
|
InterContinental Hotels Group PLC ADR (c)
|
1,211,470
|
130,705,498
|
|
327,654,013
|
|||
Leisure Products - 0.2%
|
|||
Games Workshop Group PLC
|
65,000
|
13,348,990
|
|
TOTAL CONSUMER DISCRETIONARY
|
341,003,003
|
||
Financials - 3.2%
|
|||
Capital Markets - 3.2%
|
|||
3i Group PLC
|
859,200
|
48,708,941
|
|
London Stock Exchange Group PLC
|
996,300
|
155,135,394
|
|
203,844,335
|
|||
Industrials - 4.6%
|
|||
Aerospace & Defense - 2.2%
|
|||
BAE Systems PLC
|
6,230,136
|
144,430,975
|
|
Professional Services - 2.4%
|
|||
RELX PLC
|
2,782,200
|
151,838,983
|
|
TOTAL INDUSTRIALS
|
296,269,958
|
||
Information Technology - 1.0%
|
|||
Electronic Equipment, Instruments & Components - 0.4%
|
|||
Spectris PLC
|
1,112,257
|
29,646,098
|
|
Software - 0.6%
|
|||
Sage Group PLC/The
|
2,309,600
|
38,090,299
|
|
TOTAL INFORMATION TECHNOLOGY
|
67,736,397
|
||
TOTAL UNITED KINGDOM
|
927,995,650
|
||
UNITED STATES - 24.4%
|
|||
Consumer Staples - 0.3%
|
|||
Consumer Staples Distribution & Retail - 0.3%
|
|||
PriceSmart Inc (c)
|
192,598
|
19,546,771
|
|
Financials - 10.1%
|
|||
Capital Markets - 4.4%
|
|||
Moody's Corp
|
329,900
|
149,484,288
|
|
S&P Global Inc
|
264,800
|
132,413,240
|
|
281,897,528
|
|||
Financial Services - 3.5%
|
|||
Mastercard Inc Class A
|
196,200
|
107,529,372
|
|
Visa Inc Class A
|
338,360
|
116,903,380
|
|
224,432,752
|
|||
Insurance - 2.2%
|
|||
Marsh & McLennan Cos Inc
|
655,051
|
147,694,349
|
|
TOTAL FINANCIALS
|
654,024,629
|
||
Industrials - 5.6%
|
|||
Electrical Equipment - 2.3%
|
|||
GE Vernova Inc
|
396,300
|
146,955,966
|
|
Machinery - 0.8%
|
|||
Otis Worldwide Corp
|
508,900
|
48,991,803
|
|
Professional Services - 2.5%
|
|||
Experian PLC
|
3,280,900
|
163,228,176
|
|
TOTAL INDUSTRIALS
|
359,175,945
|
||
Materials - 8.4%
|
|||
Chemicals - 4.5%
|
|||
Linde PLC
|
490,779
|
222,435,766
|
|
Sherwin-Williams Co/The
|
196,311
|
69,282,078
|
|
291,717,844
|
|||
Construction Materials - 3.9%
|
|||
CRH PLC
|
2,625,266
|
250,502,882
|
|
TOTAL MATERIALS
|
542,220,726
|
||
TOTAL UNITED STATES
|
1,574,968,071
|
||
TOTAL COMMON STOCKS
(Cost $3,998,447,448)
|
6,190,291,692
|
||
Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.2%
|
|||
Communication Services - 0.2%
|
|||
Interactive Media & Services - 0.2%
|
|||
ByteDance Ltd Series E1 (a)(d)(e)
(Cost $6,992,914)
|
63,819
|
13,548,136
|
|
Money Market Funds - 5.0%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (f)
|
4.33
|
230,276,796
|
230,322,851
|
|
Fidelity Securities Lending Cash Central Fund (f)(g)
|
4.33
|
91,619,695
|
91,628,857
|
|
TOTAL MONEY MARKET FUNDS
(Cost $321,951,708)
|
321,951,708
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.0%
(Cost $4,327,392,070)
|
6,525,791,536
|
NET OTHER ASSETS (LIABILITIES) - (1.0)%
|
(67,452,815)
|
NET ASSETS - 100.0%
|
6,458,338,721
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(c)
|
Security or a portion of the security is on loan at period end.
|
(d)
|
Level 3 security
|
(e)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $13,548,136 or 0.2% of net assets.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(g)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ByteDance Ltd Series E1
|
11/18/20
|
6,992,915
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
148,770,998
|
838,820,578
|
757,268,725
|
3,433,638
|
-
|
-
|
230,322,851
|
230,276,796
|
0.4%
|
Fidelity Securities Lending Cash Central Fund
|
144,986,916
|
228,039,235
|
281,397,294
|
166,106
|
-
|
-
|
91,628,857
|
91,619,695
|
0.3%
|
Total
|
293,757,914
|
1,066,859,813
|
1,038,666,019
|
3,599,744
|
-
|
-
|
321,951,708
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
137,841,399
|
38,556,038
|
99,285,361
|
-
|
Consumer Discretionary
|
662,264,529
|
295,511,776
|
366,752,753
|
-
|
Consumer Staples
|
19,546,771
|
19,546,771
|
-
|
-
|
Energy
|
28,741,237
|
-
|
28,741,237
|
-
|
Financials
|
1,151,212,369
|
781,429,463
|
369,782,906
|
-
|
Health Care
|
263,906,617
|
93,301,794
|
170,604,823
|
-
|
Industrials
|
2,199,277,424
|
879,749,270
|
1,319,528,154
|
-
|
Information Technology
|
1,111,715,821
|
425,098,232
|
686,617,589
|
-
|
Materials
|
615,785,525
|
615,785,525
|
-
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
13,548,136
|
-
|
-
|
13,548,136
|
Money Market Funds
|
321,951,708
|
321,951,708
|
-
|
-
|
Total Investments in Securities:
|
6,525,791,536
|
3,470,930,577
|
3,041,312,823
|
13,548,136
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $90,450,699) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $4,005,440,362)
|
$
|
6,203,839,828
|
||
Fidelity Central Funds (cost $321,951,708)
|
321,951,708
|
|||
Total Investment in Securities (cost $4,327,392,070)
|
$
|
6,525,791,536
|
||
Foreign currency held at value (cost $942,100)
|
942,146
|
|||
Receivable for investments sold
|
17,571,213
|
|||
Receivable for fund shares sold
|
3,650,329
|
|||
Dividends receivable
|
12,526,772
|
|||
Reclaims receivable
|
15,704,590
|
|||
Interest receivable
|
393
|
|||
Distributions receivable from Fidelity Central Funds
|
680,003
|
|||
Prepaid expenses
|
1,741
|
|||
Other receivables
|
10,284
|
|||
Total assets
|
6,576,879,007
|
|||
Liabilities
|
||||
Payable for investments purchased
|
||||
Regular delivery
|
$
|
10,469,519
|
||
Delayed delivery
|
326,175
|
|||
Payable for fund shares redeemed
|
8,848,086
|
|||
Accrued management fee
|
4,182,878
|
|||
Distribution and service plan fees payable
|
69,478
|
|||
Other payables and accrued expenses
|
3,015,996
|
|||
Collateral on securities loaned
|
91,628,154
|
|||
Total liabilities
|
118,540,286
|
|||
Net Assets
|
$
|
6,458,338,721
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
4,281,426,272
|
||
Total accumulated earnings (loss)
|
2,176,912,449
|
|||
Net Assets
|
$
|
6,458,338,721
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($205,869,806 ÷ 9,929,602 shares)(a)
|
$
|
20.73
|
||
Maximum offering price per share (100/94.25 of $20.73)
|
$
|
21.99
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($30,235,530 ÷ 1,473,388 shares)(a)
|
$
|
20.52
|
||
Maximum offering price per share (100/96.50 of $20.52)
|
$
|
21.26
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($20,627,624 ÷ 1,050,586 shares)(a)
|
$
|
19.63
|
||
International Growth :
|
||||
Net Asset Value, offering price and redemption price per share ($1,605,862,650 ÷ 76,674,636 shares)
|
$
|
20.94
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($1,869,466,678 ÷ 89,537,053 shares)
|
$
|
20.88
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($2,726,276,433 ÷ 130,461,036 shares)
|
$
|
20.90
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
45,552,945
|
||
Foreign Tax Reclaims
|
4,583,010
|
|||
Interest
|
122
|
|||
Income from Fidelity Central Funds (including $166,106 from security lending)
|
3,599,744
|
|||
Income before foreign taxes withheld
|
$
|
53,735,821
|
||
Less foreign taxes withheld
|
(3,958,427)
|
|||
Total income
|
49,777,394
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
23,560,458
|
||
Performance adjustment
|
2,830,088
|
|||
Distribution and service plan fees
|
445,909
|
|||
Custodian fees and expenses
|
156,234
|
|||
Independent trustees' fees and expenses
|
13,628
|
|||
Registration fees
|
85,919
|
|||
Audit fees
|
61,602
|
|||
Legal
|
4,284
|
|||
Miscellaneous
|
58,325
|
|||
Total expenses before reductions
|
27,216,447
|
|||
Expense reductions
|
(463)
|
|||
Total expenses after reductions
|
27,215,984
|
|||
Net Investment income (loss)
|
22,561,410
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(20,710,303)
|
|||
Foreign currency transactions
|
(249,818)
|
|||
Total net realized gain (loss)
|
(20,960,121)
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $1,465,834)
|
195,930,024
|
|||
Assets and liabilities in foreign currencies
|
984,125
|
|||
Total change in net unrealized appreciation (depreciation)
|
196,914,149
|
|||
Net gain (loss)
|
175,954,028
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
198,515,438
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
22,561,410
|
$
|
31,462,911
|
Net realized gain (loss)
|
(20,960,121)
|
104,369,251
|
||
Change in net unrealized appreciation (depreciation)
|
196,914,149
|
924,053,495
|
||
Net increase (decrease) in net assets resulting from operations
|
198,515,438
|
1,059,885,657
|
||
Distributions to shareholders
|
(52,532,043)
|
(24,060,084)
|
||
Share transactions - net increase (decrease)
|
265,740,024
|
670,552,377
|
||
Total increase (decrease) in net assets
|
411,723,419
|
1,706,377,950
|
||
Net Assets
|
||||
Beginning of period
|
6,046,615,302
|
4,340,237,352
|
||
End of period
|
$
|
6,458,338,721
|
$
|
6,046,615,302
|
Fidelity Advisor® International Growth Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.21
|
$
|
16.19
|
$
|
14.89
|
$
|
21.04
|
$
|
16.06
|
$
|
15.03
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.04
|
.06
|
.04
|
- C
|
(.04)
|
(.01)
|
||||||
Net realized and unrealized gain (loss)
|
.58
|
4.00
|
1.49
|
(5.80)
|
5.02
|
1.16
|
||||||
Total from investment operations
|
.62
|
4.06
|
1.53
|
(5.80)
|
4.98
|
1.15
|
||||||
Distributions from net investment income
|
(.02)
|
(.04)
|
-
|
(.03)
|
-
|
(.12)
|
||||||
Distributions from net realized gain
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Total distributions
|
(.10) D
|
(.04)
|
(.23)
|
(.35)
|
-
|
(.12)
|
||||||
Net asset value, end of period
|
$
|
20.73
|
$
|
20.21
|
$
|
16.19
|
$
|
14.89
|
$
|
21.04
|
$
|
16.06
|
Total Return E,F,G
|
3.05 % |
25.08%
|
10.26%
|
(28.00)%
|
31.01%
|
7.66%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.15% J
|
1.18%
|
1.21%
|
1.30%
|
1.28%
|
1.30%
|
||||||
Expenses net of fee waivers, if any
|
1.15 % J |
1.18%
|
1.21%
|
1.30%
|
1.28%
|
1.30%
|
||||||
Expenses net of all reductions, if any
|
1.15% J
|
1.18%
|
1.21%
|
1.30%
|
1.28%
|
1.29%
|
||||||
Net investment income (loss)
|
.41% J
|
.28%
|
.23%
|
.02%
|
(.20)%
|
(.08)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
205,870
|
$
|
204,716
|
$
|
171,656
|
$
|
157,490
|
$
|
232,527
|
$
|
174,561
|
Portfolio turnover rate K
|
31 % J |
31%
|
22%
|
22%
|
21%
|
23%
|
Fidelity Advisor® International Growth Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.00
|
$
|
16.04
|
$
|
14.79
|
$
|
20.92
|
$
|
16.01
|
$
|
14.99
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.02
|
.01
|
(.01)
|
(.04)
|
(.09)
|
(.06)
|
||||||
Net realized and unrealized gain (loss)
|
.57
|
3.95
|
1.49
|
(5.77)
|
5.00
|
1.15
|
||||||
Total from investment operations
|
.59
|
3.96
|
1.48
|
(5.81)
|
4.91
|
1.09
|
||||||
Distributions from net investment income
|
-
|
-
|
-
|
-
|
-
|
(.07)
|
||||||
Distributions from net realized gain
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Total distributions
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
(.07)
|
||||||
Net asset value, end of period
|
$
|
20.52
|
$
|
20.00
|
$
|
16.04
|
$
|
14.79
|
$
|
20.92
|
$
|
16.01
|
Total Return C,D,E
|
2.96 % |
24.69%
|
9.99%
|
(28.18)%
|
30.67%
|
7.27%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
1.40% H
|
1.44%
|
1.48%
|
1.57%
|
1.55%
|
1.59%
|
||||||
Expenses net of fee waivers, if any
|
1.40 % H |
1.43%
|
1.48%
|
1.57%
|
1.55%
|
1.59%
|
||||||
Expenses net of all reductions, if any
|
1.40% H
|
1.43%
|
1.47%
|
1.57%
|
1.55%
|
1.58%
|
||||||
Net investment income (loss)
|
.16% H
|
.03%
|
(.03)%
|
(.25)%
|
(.48)%
|
(.37)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
30,236
|
$
|
31,196
|
$
|
27,016
|
$
|
26,250
|
$
|
38,761
|
$
|
30,353
|
Portfolio turnover rate I
|
31 % H |
31%
|
22%
|
22%
|
21%
|
23%
|
Fidelity Advisor® International Growth Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
19.19
|
$
|
15.46
|
$
|
14.33
|
$
|
20.39
|
$
|
15.68
|
$
|
14.68
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
(.03)
|
(.09)
|
(.09)
|
(.13)
|
(.18)
|
(.13)
|
||||||
Net realized and unrealized gain (loss)
|
.54
|
3.82
|
1.45
|
(5.61)
|
4.89
|
1.13
|
||||||
Total from investment operations
|
.51
|
3.73
|
1.36
|
(5.74)
|
4.71
|
1.00
|
||||||
Distributions from net realized gain
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Total distributions
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Net asset value, end of period
|
$
|
19.63
|
$
|
19.19
|
$
|
15.46
|
$
|
14.33
|
$
|
20.39
|
$
|
15.68
|
Total Return C,D,E
|
2.67 % |
24.13%
|
9.47%
|
(28.58)%
|
30.04%
|
6.81%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
1.90% H
|
1.94%
|
1.98%
|
2.07%
|
2.05%
|
2.07%
|
||||||
Expenses net of fee waivers, if any
|
1.90 % H |
1.94%
|
1.97%
|
2.06%
|
2.05%
|
2.07%
|
||||||
Expenses net of all reductions, if any
|
1.90% H
|
1.94%
|
1.97%
|
2.06%
|
2.05%
|
2.06%
|
||||||
Net investment income (loss)
|
(.34)% H
|
(.48)%
|
(.53)%
|
(.74)%
|
(.97)%
|
(.85)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
20,628
|
$
|
24,523
|
$
|
27,270
|
$
|
33,575
|
$
|
58,867
|
$
|
55,013
|
Portfolio turnover rate I
|
31 % H |
31%
|
22%
|
22%
|
21%
|
23%
|
Fidelity® International Growth Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.44
|
$
|
16.38
|
$
|
15.05
|
$
|
21.26
|
$
|
16.20
|
$
|
15.16
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.07
|
.11
|
.09
|
.05
|
.02
|
.03
|
||||||
Net realized and unrealized gain (loss)
|
.59
|
4.04
|
1.51
|
(5.85)
|
5.06
|
1.17
|
||||||
Total from investment operations
|
.66
|
4.15
|
1.60
|
(5.80)
|
5.08
|
1.20
|
||||||
Distributions from net investment income
|
(.08)
|
(.09)
|
(.04)
|
(.09)
|
(.02)
|
(.16)
|
||||||
Distributions from net realized gain
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Total distributions
|
(.16) C
|
(.09)
|
(.27)
|
(.41)
|
(.02)
|
(.16)
|
||||||
Net asset value, end of period
|
$
|
20.94
|
$
|
20.44
|
$
|
16.38
|
$
|
15.05
|
$
|
21.26
|
$
|
16.20
|
Total Return D,E
|
3.21 % |
25.41%
|
10.59%
|
(27.79)%
|
31.38%
|
7.93%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.86% H
|
.89%
|
.93%
|
1.01%
|
.99%
|
1.01%
|
||||||
Expenses net of fee waivers, if any
|
.86 % H |
.89%
|
.92%
|
1.01%
|
.99%
|
1.01%
|
||||||
Expenses net of all reductions, if any
|
.86% H
|
.89%
|
.92%
|
1.01%
|
.99%
|
1.00%
|
||||||
Net investment income (loss)
|
.70% H
|
.57%
|
.52%
|
.31%
|
.09%
|
.21%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,605,863
|
$
|
1,591,303
|
$
|
1,277,884
|
$
|
1,194,442
|
$
|
1,773,433
|
$
|
1,292,392
|
Portfolio turnover rate I
|
31 % H |
31%
|
22%
|
22%
|
21%
|
23%
|
Fidelity Advisor® International Growth Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.38
|
$
|
16.34
|
$
|
15.01
|
$
|
21.20
|
$
|
16.16
|
$
|
15.13
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.07
|
.11
|
.09
|
.05
|
.01
|
.03
|
||||||
Net realized and unrealized gain (loss)
|
.59
|
4.02
|
1.50
|
(5.83)
|
5.05
|
1.16
|
||||||
Total from investment operations
|
.66
|
4.13
|
1.59
|
(5.78)
|
5.06
|
1.19
|
||||||
Distributions from net investment income
|
(.08)
|
(.09)
|
(.03)
|
(.09)
|
(.02)
|
(.16)
|
||||||
Distributions from net realized gain
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Total distributions
|
(.16) C
|
(.09)
|
(.26)
|
(.41)
|
(.02)
|
(.16)
|
||||||
Net asset value, end of period
|
$
|
20.88
|
$
|
20.38
|
$
|
16.34
|
$
|
15.01
|
$
|
21.20
|
$
|
16.16
|
Total Return D,E
|
3.22 % |
25.34%
|
10.59%
|
(27.78)%
|
31.36%
|
7.90%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.90% H
|
.92%
|
.94%
|
1.02%
|
1.00%
|
1.01%
|
||||||
Expenses net of fee waivers, if any
|
.90 % H |
.92%
|
.93%
|
1.02%
|
1.00%
|
1.01%
|
||||||
Expenses net of all reductions, if any
|
.90% H
|
.92%
|
.93%
|
1.02%
|
1.00%
|
1.00%
|
||||||
Net investment income (loss)
|
.66% H
|
.54%
|
.51%
|
.30%
|
.07%
|
.21%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,869,467
|
$
|
1,821,120
|
$
|
1,441,605
|
$
|
1,373,850
|
$
|
2,035,690
|
$
|
1,382,837
|
Portfolio turnover rate I
|
31 % H |
31%
|
22%
|
22%
|
21%
|
23%
|
Fidelity Advisor® International Growth Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.43
|
$
|
16.38
|
$
|
15.05
|
$
|
21.25
|
$
|
16.19
|
$
|
15.16
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.08
|
.14
|
.11
|
.08
|
.04
|
.05
|
||||||
Net realized and unrealized gain (loss)
|
.59
|
4.03
|
1.51
|
(5.85)
|
5.06
|
1.16
|
||||||
Total from investment operations
|
.67
|
4.17
|
1.62
|
(5.77)
|
5.10
|
1.21
|
||||||
Distributions from net investment income
|
(.13)
|
(.12)
|
(.06)
|
(.11)
|
(.04)
|
(.18)
|
||||||
Distributions from net realized gain
|
(.07)
|
-
|
(.23)
|
(.32)
|
-
|
-
|
||||||
Total distributions
|
(.20)
|
(.12)
|
(.29)
|
(.43)
|
(.04)
|
(.18)
|
||||||
Net asset value, end of period
|
$
|
20.90
|
$
|
20.43
|
$
|
16.38
|
$
|
15.05
|
$
|
21.25
|
$
|
16.19
|
Total Return C,D
|
3.28 % |
25.53%
|
10.74%
|
(27.68)%
|
31.55%
|
8.01%
|
||||||
Ratios to Average Net Assets A,E,F
|
||||||||||||
Expenses before reductions
|
.78% G
|
.79%
|
.80%
|
.89%
|
.87%
|
.88%
|
||||||
Expenses net of fee waivers, if any
|
.78 % G |
.79%
|
.79%
|
.89%
|
.87%
|
.88%
|
||||||
Expenses net of all reductions, if any
|
.78% G
|
.79%
|
.79%
|
.89%
|
.87%
|
.87%
|
||||||
Net investment income (loss)
|
.78% G
|
.67%
|
.65%
|
.43%
|
.20%
|
.34%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,726,276
|
$
|
2,373,757
|
$
|
1,394,806
|
$
|
989,259
|
$
|
1,277,877
|
$
|
1,350,267
|
Portfolio turnover rate H
|
31 % G |
31%
|
22%
|
22%
|
21%
|
23%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$2,294,293,924
|
Gross unrealized depreciation
|
(102,077,459)
|
Net unrealized appreciation (depreciation)
|
$2,192,216,465
|
Tax cost
|
$4,333,575,071
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Growth Fund
|
1,121,336,677
|
959,548,560
|
Maximum Management Fee Rate %
|
|
Class A
|
.87
|
Class M
|
.87
|
Class C
|
.87
|
International Growth
|
.84
|
Class I
|
.85
|
Class Z
|
.71
|
Total Management Fee Rate %
|
|
Class A
|
.80
|
Class M
|
.80
|
Class C
|
.80
|
International Growth
|
.76
|
Class I
|
.80
|
Class Z
|
.68
|
Performance Adjustment Index
|
|
Fidelity International Growth Fund
|
MSCI EAFE Growth Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
256,236
|
7,522
|
Class M
|
.25%
|
.25%
|
77,162
|
802
|
Class C
|
.75%
|
.25%
|
112,511
|
9,721
|
445,909
|
18,045
|
Retained by FDC ($)
|
|
Class A
|
15,208
|
Class M
|
832
|
Class CA
|
204
|
16,244
|
Amount ($)
|
|
Fidelity International Growth Fund
|
1,227
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Growth Fund
|
87,710,906
|
27,823,399
|
1,989,966
|
Amount ($)
|
|
Fidelity International Growth Fund
|
4,921
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Growth Fund
|
17,181
|
180
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Growth Fund
|
||
Distributions to shareholders
|
||
Class A
|
$961,001
|
$381,205
|
Class M
|
111,260
|
-
|
Class C
|
87,826
|
-
|
International Growth
|
11,811,561
|
7,052,424
|
Class I
|
14,013,519
|
7,886,338
|
Class Z
|
25,546,876
|
8,740,117
|
Total
|
$52,532,043
|
$24,060,084
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Growth Fund
|
||||
Class A
|
||||
Shares sold
|
643,704
|
1,361,726
|
$13,132,854
|
$26,631,593
|
Reinvestment of distributions
|
46,688
|
21,028
|
959,433
|
380,612
|
Shares redeemed
|
(890,719)
|
(1,854,663)
|
(18,204,974)
|
(36,470,900)
|
Net increase (decrease)
|
(200,327)
|
(471,909)
|
$(4,112,687)
|
$(9,458,695)
|
Class M
|
||||
Shares sold
|
50,456
|
108,808
|
$1,008,477
|
$2,130,923
|
Reinvestment of distributions
|
5,288
|
-
|
107,663
|
-
|
Shares redeemed
|
(141,795)
|
(234,072)
|
(2,889,395)
|
(4,543,640)
|
Net increase (decrease)
|
(86,051)
|
(125,264)
|
$(1,773,255)
|
$(2,412,717)
|
Class C
|
||||
Shares sold
|
62,857
|
107,281
|
$1,225,448
|
$2,006,178
|
Reinvestment of distributions
|
4,496
|
-
|
87,769
|
-
|
Shares redeemed
|
(294,578)
|
(593,274)
|
(5,724,188)
|
(11,112,046)
|
Net increase (decrease)
|
(227,225)
|
(485,993)
|
$(4,410,971)
|
$(9,105,868)
|
International Growth
|
||||
Shares sold
|
7,794,506
|
14,283,815
|
$162,479,956
|
$286,244,273
|
Reinvestment of distributions
|
511,084
|
347,988
|
10,599,872
|
6,354,264
|
Shares redeemed
|
(9,476,053)
|
(14,803,330)
|
(195,596,290)
|
(295,979,856)
|
Net increase (decrease)
|
(1,170,463)
|
(171,527)
|
$(22,516,462)
|
$(3,381,319)
|
Class I
|
||||
Shares sold
|
10,960,393
|
21,361,727
|
$225,266,328
|
$425,487,377
|
Reinvestment of distributions
|
667,402
|
424,789
|
13,801,873
|
7,735,409
|
Shares redeemed
|
(11,434,004)
|
(20,686,405)
|
(235,726,272)
|
(410,163,686)
|
Net increase (decrease)
|
193,791
|
1,100,111
|
$3,341,929
|
$23,059,100
|
Class Z
|
||||
Shares sold
|
30,127,547
|
68,973,110
|
$618,409,913
|
$1,408,702,342
|
Reinvestment of distributions
|
901,011
|
267,865
|
18,632,896
|
4,883,179
|
Shares redeemed
|
(16,745,307)
|
(38,217,356)
|
(341,831,339)
|
(741,733,645)
|
Net increase (decrease)
|
14,283,251
|
31,023,619
|
$295,211,470
|
$671,851,876
|
![]() |
Contents
Common Stocks - 98.0%
|
|||
Shares
|
Value ($)
|
||
BRAZIL - 13.1%
|
|||
Consumer Discretionary - 2.7%
|
|||
Diversified Consumer Services - 1.2%
|
|||
Afya Ltd Class A (a)
|
664,959
|
12,634,221
|
|
Specialty Retail - 1.0%
|
|||
Lojas Renner SA
|
4,098,874
|
10,552,065
|
|
Textiles, Apparel & Luxury Goods - 0.5%
|
|||
Azzas 2154 SA
|
856,827
|
4,807,163
|
|
Consumer Staples - 0.8%
|
|||
Consumer Staples Distribution & Retail - 0.8%
|
|||
Atacadao SA
|
5,656,194
|
8,521,441
|
|
Energy - 1.0%
|
|||
Oil, Gas & Consumable Fuels - 1.0%
|
|||
PRIO SA/Brazil (b)
|
1,803,560
|
10,713,022
|
|
Financials - 1.2%
|
|||
Insurance - 1.2%
|
|||
Caixa Seguridade Participacoes S/A
|
4,188,090
|
12,073,188
|
|
Health Care - 1.2%
|
|||
Pharmaceuticals - 1.2%
|
|||
Hypera SA
|
2,985,959
|
12,690,648
|
|
Industrials - 3.9%
|
|||
Commercial Services & Supplies - 1.2%
|
|||
Orizon Valorizacao de Residuos SA (b)
|
1,385,510
|
11,972,443
|
|
Ground Transportation - 2.7%
|
|||
Localiza Rent a Car SA
|
2,072,529
|
15,688,721
|
|
Rumo SA
|
3,356,356
|
11,473,407
|
|
27,162,128
|
|||
TOTAL INDUSTRIALS
|
39,134,571
|
||
Real Estate - 0.9%
|
|||
Real Estate Management & Development - 0.9%
|
|||
LOG Commercial Properties e Participacoes SA
|
2,403,756
|
8,894,721
|
|
Utilities - 1.4%
|
|||
Electric Utilities - 1.3%
|
|||
Equatorial Energia SA
|
2,089,524
|
13,553,013
|
|
Water Utilities - 0.1%
|
|||
Cia de Saneamento Basico do Estado de Sao Paulo SABESP
|
56,300
|
1,129,838
|
|
TOTAL UTILITIES
|
14,682,851
|
||
TOTAL BRAZIL
|
134,703,891
|
||
CHILE - 1.3%
|
|||
Financials - 1.3%
|
|||
Banks - 1.3%
|
|||
Banco de Chile ADR
|
450,779
|
13,306,996
|
|
CHINA - 17.5%
|
|||
Communication Services - 2.5%
|
|||
Entertainment - 2.0%
|
|||
DouYu International Holdings Ltd ADR
|
574,703
|
4,281,536
|
|
NetEase Cloud Music Inc (b)(d)(e)
|
297,780
|
6,930,385
|
|
Tencent Music Entertainment Group Class A ADR
|
674,430
|
9,050,851
|
|
20,262,772
|
|||
Interactive Media & Services - 0.5%
|
|||
Tongdao Liepin Group (d)
|
11,271,997
|
5,304,914
|
|
TOTAL COMMUNICATION SERVICES
|
25,567,686
|
||
Consumer Discretionary - 3.4%
|
|||
Diversified Consumer Services - 1.5%
|
|||
Fu Shou Yuan International Group Ltd
|
17,498,916
|
7,942,156
|
|
TAL Education Group Class A ADR (b)
|
822,230
|
7,194,512
|
|
15,136,668
|
|||
Household Durables - 0.9%
|
|||
Haier Smart Home Co Ltd A Shares (China)
|
2,617,041
|
8,934,778
|
|
Textiles, Apparel & Luxury Goods - 1.0%
|
|||
Li Ning Co Ltd
|
5,506,190
|
10,436,458
|
|
TOTAL CONSUMER DISCRETIONARY
|
34,507,904
|
||
Consumer Staples - 3.1%
|
|||
Beverages - 2.2%
|
|||
China Resources Beer Holdings Co Ltd
|
3,290,583
|
11,625,403
|
|
Tsingtao Brewery Co Ltd H Shares
|
1,465,536
|
10,374,172
|
|
21,999,575
|
|||
Personal Care Products - 0.9%
|
|||
Proya Cosmetics Co Ltd A Shares (China)
|
726,769
|
9,538,264
|
|
TOTAL CONSUMER STAPLES
|
31,537,839
|
||
Financials - 1.1%
|
|||
Financial Services - 1.1%
|
|||
Far East Horizon Ltd
|
14,294,244
|
11,076,952
|
|
Industrials - 6.4%
|
|||
Construction & Engineering - 1.0%
|
|||
China Communications Services Corp Ltd H Shares
|
3,262,794
|
1,703,842
|
|
Sinopec Engineering Group Co Ltd H Shares
|
13,545,172
|
9,658,157
|
|
11,361,999
|
|||
Ground Transportation - 1.2%
|
|||
Full Truck Alliance Co Ltd ADR
|
1,042,320
|
11,840,755
|
|
Machinery - 2.9%
|
|||
Airtac International Group
|
409,330
|
11,220,301
|
|
Shenzhen Inovance Technology Co Ltd A Shares (China)
|
1,327,897
|
13,055,490
|
|
Zhejiang Dingli Machinery Co Ltd A Shares (China)
|
922,540
|
5,514,172
|
|
29,789,963
|
|||
Marine Transportation - 1.3%
|
|||
SITC International Holdings Co Ltd
|
4,729,210
|
13,079,782
|
|
TOTAL INDUSTRIALS
|
66,072,499
|
||
Utilities - 1.0%
|
|||
Water Utilities - 1.0%
|
|||
Guangdong Investment Ltd
|
13,565,540
|
10,984,526
|
|
TOTAL CHINA
|
179,747,406
|
||
GEORGIA - 1.5%
|
|||
Financials - 1.5%
|
|||
Banks - 1.5%
|
|||
Lion Finance Group PLC
|
194,166
|
15,525,902
|
|
GREECE - 2.5%
|
|||
Consumer Discretionary - 1.7%
|
|||
Hotels, Restaurants & Leisure - 1.7%
|
|||
OPAP SA
|
770,090
|
17,072,799
|
|
Industrials - 0.8%
|
|||
Transportation Infrastructure - 0.8%
|
|||
Athens International Airport SA
|
863,430
|
8,940,169
|
|
TOTAL GREECE
|
26,012,968
|
||
HONG KONG - 1.1%
|
|||
Consumer Staples - 1.1%
|
|||
Food Products - 1.1%
|
|||
WH Group Ltd (d)(e)
|
12,305,733
|
11,011,629
|
|
HUNGARY - 1.1%
|
|||
Health Care - 1.1%
|
|||
Pharmaceuticals - 1.1%
|
|||
Richter Gedeon Nyrt
|
367,685
|
11,123,311
|
|
INDIA - 11.9%
|
|||
Consumer Discretionary - 1.3%
|
|||
Automobiles - 1.3%
|
|||
Eicher Motors Ltd
|
209,973
|
13,808,270
|
|
Financials - 3.9%
|
|||
Consumer Finance - 2.6%
|
|||
Manappuram Finance Ltd
|
4,848,793
|
13,229,401
|
|
Shriram Finance Ltd
|
1,863,845
|
13,488,423
|
|
26,717,824
|
|||
Insurance - 1.3%
|
|||
HDFC Life Insurance Co Ltd (d)(e)
|
1,475,620
|
12,955,883
|
|
TOTAL FINANCIALS
|
39,673,707
|
||
Health Care - 2.4%
|
|||
Health Care Providers & Services - 1.4%
|
|||
Max Healthcare Institute Ltd
|
1,070,650
|
13,872,046
|
|
Pharmaceuticals - 1.0%
|
|||
Torrent Pharmaceuticals Ltd
|
277,028
|
10,879,959
|
|
TOTAL HEALTH CARE
|
24,752,005
|
||
Industrials - 3.6%
|
|||
Aerospace & Defense - 2.3%
|
|||
Bharat Electronics Ltd
|
3,003,123
|
11,155,041
|
|
Hindustan Aeronautics Ltd (d)
|
229,700
|
12,164,133
|
|
23,319,174
|
|||
Air Freight & Logistics - 0.2%
|
|||
Delhivery Ltd (b)
|
746,513
|
2,694,220
|
|
Professional Services - 1.1%
|
|||
Computer Age Management Services Ltd
|
241,310
|
11,112,156
|
|
TOTAL INDUSTRIALS
|
37,125,550
|
||
Materials - 0.7%
|
|||
Construction Materials - 0.7%
|
|||
Deccan Cements Ltd (c)
|
730,039
|
6,734,715
|
|
TOTAL INDIA
|
122,094,247
|
||
INDONESIA - 4.1%
|
|||
Consumer Staples - 2.0%
|
|||
Consumer Staples Distribution & Retail - 1.0%
|
|||
Sumber Alfaria Trijaya Tbk PT
|
77,901,530
|
10,084,716
|
|
Food Products - 1.0%
|
|||
First Resources Ltd
|
9,109,441
|
10,539,468
|
|
TOTAL CONSUMER STAPLES
|
20,624,184
|
||
Energy - 1.0%
|
|||
Oil, Gas & Consumable Fuels - 1.0%
|
|||
United Tractors Tbk PT
|
7,241,990
|
9,897,044
|
|
Financials - 1.1%
|
|||
Banks - 1.1%
|
|||
Bank Syariah Indonesia Tbk PT
|
64,586,910
|
11,108,452
|
|
TOTAL INDONESIA
|
41,629,680
|
||
KOREA (SOUTH) - 7.6%
|
|||
Consumer Discretionary - 2.1%
|
|||
Household Durables - 1.2%
|
|||
Coway Co Ltd
|
203,909
|
12,529,034
|
|
Textiles, Apparel & Luxury Goods - 0.9%
|
|||
Misto Holdings Corp
|
353,785
|
9,181,034
|
|
TOTAL CONSUMER DISCRETIONARY
|
21,710,068
|
||
Consumer Staples - 1.0%
|
|||
Tobacco - 1.0%
|
|||
KT&G Corp
|
132,920
|
10,706,550
|
|
Financials - 1.9%
|
|||
Insurance - 1.9%
|
|||
DB Insurance Co Ltd
|
169,175
|
10,876,809
|
|
Hyundai Marine & Fire Insurance Co Ltd (b)
|
545,889
|
8,524,013
|
|
19,400,822
|
|||
Industrials - 1.2%
|
|||
Aerospace & Defense - 1.2%
|
|||
Korea Aerospace Industries Ltd
|
204,579
|
11,949,595
|
|
Materials - 1.4%
|
|||
Chemicals - 1.4%
|
|||
Hansol Chemical Co Ltd
|
85,668
|
6,966,420
|
|
Soulbrain Co Ltd
|
58,867
|
7,156,329
|
|
14,122,749
|
|||
TOTAL KOREA (SOUTH)
|
77,889,784
|
||
MEXICO - 5.5%
|
|||
Consumer Staples - 1.4%
|
|||
Consumer Staples Distribution & Retail - 1.2%
|
|||
Grupo Comercial Chedraui SA de CV (a)
|
1,834,473
|
11,864,369
|
|
Food Products - 0.2%
|
|||
Gruma SAB de CV Series B
|
166,186
|
3,175,843
|
|
TOTAL CONSUMER STAPLES
|
15,040,212
|
||
Financials - 2.5%
|
|||
Banks - 1.1%
|
|||
Regional SAB de CV
|
1,659,922
|
11,623,390
|
|
Insurance - 1.4%
|
|||
Qualitas Controladora SAB de CV (a)
|
1,253,563
|
13,813,771
|
|
TOTAL FINANCIALS
|
25,437,161
|
||
Real Estate - 1.6%
|
|||
Diversified REITs - 0.8%
|
|||
Fibra Uno Administracion SA de CV
|
6,293,836
|
8,116,627
|
|
Industrial REITs - 0.8%
|
|||
FIBRA Macquarie Mexico (d)(e)
|
5,190,385
|
8,136,072
|
|
TOTAL REAL ESTATE
|
16,252,699
|
||
TOTAL MEXICO
|
56,730,072
|
||
PANAMA - 1.1%
|
|||
Industrials - 1.1%
|
|||
Passenger Airlines - 1.1%
|
|||
Copa Holdings SA Class A
|
123,010
|
11,287,398
|
|
PHILIPPINES - 0.8%
|
|||
Real Estate - 0.8%
|
|||
Real Estate Management & Development - 0.8%
|
|||
Robinsons Land Corp
|
37,129,529
|
7,774,404
|
|
POLAND - 2.7%
|
|||
Consumer Discretionary - 1.2%
|
|||
Broadline Retail - 1.2%
|
|||
Allegro.eu SA (b)(d)(e)
|
1,441,260
|
12,569,582
|
|
Consumer Staples - 1.5%
|
|||
Consumer Staples Distribution & Retail - 1.5%
|
|||
Dino Polska SA (b)(d)(e)
|
106,210
|
14,858,751
|
|
TOTAL POLAND
|
27,428,333
|
||
RUSSIA - 0.0%
|
|||
Financials - 0.0%
|
|||
Banks - 0.0%
|
|||
TCS Group Holding PLC Class A GDR (Russia) (b)(d)(f)
|
59,253
|
0
|
|
Real Estate - 0.0%
|
|||
Real Estate Management & Development - 0.0%
|
|||
LSR Group PJSC (b)(f)
|
67,346
|
0
|
|
TOTAL RUSSIA
|
0
|
||
SAUDI ARABIA - 2.0%
|
|||
Financials - 1.0%
|
|||
Insurance - 1.0%
|
|||
Bupa Arabia for Cooperative Insurance Co
|
223,471
|
10,008,965
|
|
Industrials - 1.0%
|
|||
Commercial Services & Supplies - 1.0%
|
|||
Catrion Catering Holding Co
|
332,270
|
10,435,065
|
|
TOTAL SAUDI ARABIA
|
20,444,030
|
||
SOUTH AFRICA - 2.0%
|
|||
Financials - 1.0%
|
|||
Financial Services - 1.0%
|
|||
FirstRand Ltd
|
2,600,746
|
10,154,811
|
|
Industrials - 1.0%
|
|||
Industrial Conglomerates - 1.0%
|
|||
Bidvest Group Ltd
|
807,107
|
10,194,465
|
|
TOTAL SOUTH AFRICA
|
20,349,276
|
||
TAIWAN - 17.8%
|
|||
Communication Services - 1.1%
|
|||
Entertainment - 1.1%
|
|||
International Games System Co Ltd
|
433,490
|
11,216,180
|
|
Consumer Discretionary - 3.0%
|
|||
Broadline Retail - 1.0%
|
|||
Poya International Co Ltd
|
662,167
|
9,894,338
|
|
Household Durables - 1.1%
|
|||
Nien Made Enterprise Co Ltd
|
917,960
|
11,218,739
|
|
Textiles, Apparel & Luxury Goods - 0.9%
|
|||
Makalot Industrial Co Ltd
|
1,041,768
|
9,250,828
|
|
TOTAL CONSUMER DISCRETIONARY
|
30,363,905
|
||
Financials - 0.8%
|
|||
Financial Services - 0.8%
|
|||
Chailease Holding Co Ltd
|
2,462,621
|
8,843,050
|
|
Industrials - 3.1%
|
|||
Commercial Services & Supplies - 0.8%
|
|||
Cleanaway Co Ltd
|
1,513,105
|
8,574,847
|
|
Construction & Engineering - 1.2%
|
|||
Acter Group Corp Ltd
|
941,050
|
11,822,510
|
|
Electrical Equipment - 1.1%
|
|||
Bizlink Holding Inc
|
646,178
|
10,916,779
|
|
TOTAL INDUSTRIALS
|
31,314,136
|
||
Information Technology - 9.8%
|
|||
Electronic Equipment, Instruments & Components - 4.3%
|
|||
Chroma ATE Inc
|
1,269,030
|
11,577,343
|
|
E Ink Holdings Inc
|
1,543,150
|
10,758,282
|
|
Unimicron Technology Corp
|
3,754,564
|
11,054,090
|
|
Yageo Corp
|
744,300
|
10,650,600
|
|
44,040,315
|
|||
Semiconductors & Semiconductor Equipment - 3.6%
|
|||
ASPEED Technology Inc
|
108,390
|
10,176,581
|
|
eMemory Technology Inc
|
133,300
|
10,712,082
|
|
King Yuan Electronics Co Ltd
|
3,016,050
|
8,185,530
|
|
Nanya Technology Corp (b)
|
7,154,900
|
8,062,078
|
|
37,136,271
|
|||
Technology Hardware, Storage & Peripherals - 1.9%
|
|||
Advantech Co Ltd
|
914,070
|
9,556,829
|
|
Innodisk Corp
|
1,351,270
|
9,833,437
|
|
19,390,266
|
|||
TOTAL INFORMATION TECHNOLOGY
|
100,566,852
|
||
TOTAL TAIWAN
|
182,304,123
|
||
TURKEY - 0.7%
|
|||
Consumer Discretionary - 0.7%
|
|||
Textiles, Apparel & Luxury Goods - 0.7%
|
|||
Mavi Giyim Sanayi Ve Ticaret AS Class B (d)(e)
|
9,092,273
|
7,624,379
|
|
UNITED ARAB EMIRATES - 1.9%
|
|||
Energy - 0.9%
|
|||
Energy Equipment & Services - 0.9%
|
|||
ADNOC Drilling Co PJSC
|
6,948,450
|
9,269,518
|
|
Real Estate - 1.0%
|
|||
Real Estate Management & Development - 1.0%
|
|||
Aldar Properties PJSC
|
4,469,541
|
10,051,159
|
|
TOTAL UNITED ARAB EMIRATES
|
19,320,677
|
||
UNITED STATES - 1.3%
|
|||
Financials - 1.3%
|
|||
Consumer Finance - 1.3%
|
|||
FirstCash Holdings Inc
|
96,640
|
12,945,894
|
|
VIETNAM - 0.5%
|
|||
Information Technology - 0.5%
|
|||
IT Services - 0.5%
|
|||
FPT Corp
|
1,512,114
|
6,395,468
|
|
TOTAL COMMON STOCKS
(Cost $913,282,647)
|
1,005,649,868
|
||
Money Market Funds - 6.3%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
34,075,764
|
34,082,579
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
31,216,985
|
31,220,107
|
|
TOTAL MONEY MARKET FUNDS
(Cost $65,302,686)
|
65,302,686
|
|||
TOTAL INVESTMENT IN SECURITIES - 104.3%
(Cost $978,585,333)
|
1,070,952,554
|
NET OTHER ASSETS (LIABILITIES) - (4.3)%
|
(44,496,088)
|
NET ASSETS - 100.0%
|
1,026,456,466
|
(a)
|
Security or a portion of the security is on loan at period end.
|
(b)
|
Non-income producing
|
(c)
|
Affiliated company
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $91,555,728 or 8.9% of net assets.
|
(e)
|
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 $74,086,681 or 7.2% of net assets.
|
(f)
|
Level 3 security
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
15,114,149
|
147,533,640
|
128,565,210
|
295,680
|
-
|
-
|
34,082,579
|
34,075,764
|
0.1%
|
Fidelity Securities Lending Cash Central Fund
|
14,200,460
|
103,354,164
|
86,334,517
|
52,158
|
-
|
-
|
31,220,107
|
31,216,985
|
0.1%
|
Total
|
29,314,609
|
250,887,804
|
214,899,727
|
347,838
|
-
|
-
|
65,302,686
|
||
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
Deccan Cements Ltd
|
5,077,547
|
-
|
-
|
-
|
-
|
1,657,168
|
6,734,715
|
730,039
|
Total
|
5,077,547
|
-
|
-
|
-
|
-
|
1,657,168
|
6,734,715
|
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
36,783,866
|
25,567,686
|
11,216,180
|
-
|
Consumer Discretionary
|
165,650,356
|
90,833,335
|
74,817,021
|
-
|
Consumer Staples
|
112,300,606
|
71,431,608
|
40,868,998
|
-
|
Energy
|
29,879,584
|
19,982,540
|
9,897,044
|
-
|
Financials
|
189,555,900
|
110,529,869
|
79,026,031
|
-
|
Health Care
|
48,565,964
|
23,813,959
|
24,752,005
|
-
|
Industrials
|
226,453,448
|
116,274,204
|
110,179,244
|
-
|
Information Technology
|
106,962,320
|
-
|
106,962,320
|
-
|
Materials
|
20,857,464
|
-
|
20,857,464
|
-
|
Real Estate
|
42,972,983
|
35,198,579
|
7,774,404
|
-
|
Utilities
|
25,667,377
|
25,667,377
|
-
|
-
|
Money Market Funds
|
65,302,686
|
65,302,686
|
-
|
-
|
Total Investments in Securities:
|
1,070,952,554
|
584,601,843
|
486,350,711
|
-
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $30,063,891) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $908,187,119)
|
$
|
998,915,153
|
||
Fidelity Central Funds (cost $65,302,686)
|
65,302,686
|
|||
Other affiliated issuers (cost $5,095,528)
|
6,734,715
|
|||
Total Investment in Securities (cost $978,585,333)
|
$
|
1,070,952,554
|
||
Foreign currency held at value (cost $434,614)
|
426,800
|
|||
Receivable for investments sold
|
443,277
|
|||
Receivable for fund shares sold
|
706,201
|
|||
Dividends receivable
|
2,645,944
|
|||
Distributions receivable from Fidelity Central Funds
|
140,721
|
|||
Prepaid expenses
|
376
|
|||
Other receivables
|
116,866
|
|||
Total assets
|
1,075,432,739
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
9,372,308
|
||
Payable for fund shares redeemed
|
699,704
|
|||
Accrued management fee
|
758,947
|
|||
Distribution and service plan fees payable
|
9,796
|
|||
Deferred taxes
|
6,831,144
|
|||
Other payables and accrued expenses
|
84,267
|
|||
Collateral on securities loaned
|
31,220,107
|
|||
Total liabilities
|
48,976,273
|
|||
Net Assets
|
$
|
1,026,456,466
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
944,686,465
|
||
Total accumulated earnings (loss)
|
81,770,001
|
|||
Net Assets
|
$
|
1,026,456,466
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($29,973,276 ÷ 1,890,309 shares)(a)
|
$
|
15.86
|
||
Maximum offering price per share (100/94.25 of $15.86)
|
$
|
16.83
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($4,363,528 ÷ 275,099 shares)(a)
|
$
|
15.86
|
||
Maximum offering price per share (100/96.50 of $15.86)
|
$
|
16.44
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($2,636,646 ÷ 171,050 shares)(a)
|
$
|
15.41
|
||
Emerging Markets Discovery :
|
||||
Net Asset Value, offering price and redemption price per share ($377,585,776 ÷ 23,633,672 shares)
|
$
|
15.98
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($488,797,847 ÷ 30,529,263 shares)
|
$
|
16.01
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($123,099,393 ÷ 7,699,045 shares)
|
$
|
15.99
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
14,396,995
|
||
Special dividends
|
5,712,548
|
|||
Interest
|
45
|
|||
Income from Fidelity Central Funds (including $52,158 from security lending)
|
347,838
|
|||
Income before foreign taxes withheld
|
$
|
20,457,426
|
||
Less foreign taxes withheld
|
(1,456,145)
|
|||
Total income
|
19,001,281
|
|||
Expenses
|
||||
Management fee
|
$
|
4,894,403
|
||
Distribution and service plan fees
|
62,209
|
|||
Custodian fees and expenses
|
164,492
|
|||
Independent trustees' fees and expenses
|
2,441
|
|||
Registration fees
|
72,172
|
|||
Audit fees
|
53,442
|
|||
Legal
|
1,101
|
|||
Interest
|
39,496
|
|||
Miscellaneous
|
10,809
|
|||
Total expenses
|
5,300,565
|
|||
Net Investment income (loss)
|
13,700,716
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $2,263,080)
|
15,213,845
|
|||
Foreign currency transactions
|
(66,374)
|
|||
Total net realized gain (loss)
|
15,147,471
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $2,123,686)
|
(33,042,713)
|
|||
Affiliated issuers
|
1,657,168
|
|||
Assets and liabilities in foreign currencies
|
37,881
|
|||
Total change in net unrealized appreciation (depreciation)
|
(31,347,664)
|
|||
Net gain (loss)
|
(16,200,193)
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
(2,499,477)
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
13,700,716
|
$
|
32,737,820
|
Net realized gain (loss)
|
15,147,471
|
2,744,550
|
||
Change in net unrealized appreciation (depreciation)
|
(31,347,664)
|
109,422,927
|
||
Net increase (decrease) in net assets resulting from operations
|
(2,499,477)
|
144,905,297
|
||
Distributions to shareholders
|
(42,386,248)
|
(23,040,155)
|
||
Share transactions - net increase (decrease)
|
(111,895,418)
|
132,171,089
|
||
Total increase (decrease) in net assets
|
(156,781,143)
|
254,036,231
|
||
Net Assets
|
||||
Beginning of period
|
1,183,237,609
|
929,201,378
|
||
End of period
|
$
|
1,026,456,466
|
$
|
1,183,237,609
|
Fidelity Advisor® Emerging Markets Discovery Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.44
|
$
|
14.69
|
$
|
12.89
|
$
|
18.36
|
$
|
13.93
|
$
|
13.66
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.18 C
|
.40 D
|
.31
|
.31
|
.11
|
.04
|
||||||
Net realized and unrealized gain (loss)
|
(.19)
|
1.65
|
1.69
|
(3.92)
|
4.37
|
.34
|
||||||
Total from investment operations
|
(.01)
|
2.05
|
2.00
|
(3.61)
|
4.48
|
.38
|
||||||
Distributions from net investment income
|
(.57)
|
(.30)
|
(.20)
|
(.37)
|
(.05)
|
(.11)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.49)
|
-
|
-
|
||||||
Total distributions
|
(.57)
|
(.30)
|
(.20)
|
(1.86)
|
(.05)
|
(.11)
|
||||||
Net asset value, end of period
|
$
|
15.86
|
$
|
16.44
|
$
|
14.69
|
$
|
12.89
|
$
|
18.36
|
$
|
13.93
|
Total Return E,F,G
|
- % H |
14.09%
|
15.56%
|
(21.58)%
|
32.23%
|
2.76%
|
||||||
Ratios to Average Net Assets B,I,J
|
||||||||||||
Expenses before reductions
|
1.27% K
|
1.30%
|
1.43%
|
1.49%
|
1.49%
|
1.54%
|
||||||
Expenses net of fee waivers, if any
|
1.27 % K |
1.29%
|
1.42%
|
1.49%
|
1.49%
|
1.53%
|
||||||
Expenses net of all reductions, if any
|
1.27% K
|
1.29%
|
1.42%
|
1.49%
|
1.49%
|
1.51%
|
||||||
Net investment income (loss)
|
1.78% C,K
|
2.45% D
|
2.07%
|
2.11%
|
.60%
|
.33%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
29,973
|
$
|
30,907
|
$
|
23,373
|
$
|
16,063
|
$
|
18,900
|
$
|
11,745
|
Portfolio turnover rate L
|
38 % K |
29%
|
30%
|
33%
|
64%
|
43%
|
Fidelity Advisor® Emerging Markets Discovery Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.39
|
$
|
14.65
|
$
|
12.85
|
$
|
18.30
|
$
|
13.89
|
$
|
13.62
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.16 C
|
.36 D
|
.27
|
.27
|
.06
|
- E
|
||||||
Net realized and unrealized gain (loss)
|
(.19)
|
1.65
|
1.68
|
(3.91)
|
4.36
|
.34
|
||||||
Total from investment operations
|
(.03)
|
2.01
|
1.95
|
(3.64)
|
4.42
|
.34
|
||||||
Distributions from net investment income
|
(.50)
|
(.27)
|
(.15)
|
(.32)
|
(.01)
|
(.07)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.49)
|
-
|
-
|
||||||
Total distributions
|
(.50)
|
(.27)
|
(.15)
|
(1.81)
|
(.01)
|
(.07)
|
||||||
Net asset value, end of period
|
$
|
15.86
|
$
|
16.39
|
$
|
14.65
|
$
|
12.85
|
$
|
18.30
|
$
|
13.89
|
Total Return F,G,H
|
(.15) % |
13.80%
|
15.25%
|
(21.77)%
|
31.82%
|
2.49%
|
||||||
Ratios to Average Net Assets B,I,J
|
||||||||||||
Expenses before reductions
|
1.52% K
|
1.50%
|
1.69%
|
1.75%
|
1.76%
|
1.83%
|
||||||
Expenses net of fee waivers, if any
|
1.52 % K |
1.50%
|
1.69%
|
1.75%
|
1.76%
|
1.83%
|
||||||
Expenses net of all reductions, if any
|
1.52% K
|
1.50%
|
1.68%
|
1.75%
|
1.76%
|
1.80%
|
||||||
Net investment income (loss)
|
1.53% C,K
|
2.25% D
|
1.80%
|
1.85%
|
.33%
|
.03%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,364
|
$
|
5,103
|
$
|
6,560
|
$
|
4,355
|
$
|
6,095
|
$
|
4,552
|
Portfolio turnover rate L
|
38 % K |
29%
|
30%
|
33%
|
64%
|
43%
|
Fidelity Advisor® Emerging Markets Discovery Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
15.92
|
$
|
14.23
|
$
|
12.47
|
$
|
17.78
|
$
|
13.55
|
$
|
13.29
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.12 C
|
.27 D
|
.19
|
.19
|
(.03)
|
(.06)
|
||||||
Net realized and unrealized gain (loss)
|
(.18)
|
1.59
|
1.65
|
(3.81)
|
4.26
|
.32
|
||||||
Total from investment operations
|
(.06)
|
1.86
|
1.84
|
(3.62)
|
4.23
|
.26
|
||||||
Distributions from net investment income
|
(.45)
|
(.17)
|
(.08)
|
(.20)
|
-
|
-
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.49)
|
-
|
-
|
||||||
Total distributions
|
(.45)
|
(.17)
|
(.08)
|
(1.69)
|
-
|
-
|
||||||
Net asset value, end of period
|
$
|
15.41
|
$
|
15.92
|
$
|
14.23
|
$
|
12.47
|
$
|
17.78
|
$
|
13.55
|
Total Return E,F,G
|
(.38) % |
13.16%
|
14.76%
|
(22.21)%
|
31.22%
|
1.96%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
2.02% J
|
2.02%
|
2.20%
|
2.25%
|
2.25%
|
2.32%
|
||||||
Expenses net of fee waivers, if any
|
2.02 % J |
2.02%
|
2.19%
|
2.25%
|
2.25%
|
2.31%
|
||||||
Expenses net of all reductions, if any
|
2.02% J
|
2.02%
|
2.19%
|
2.25%
|
2.25%
|
2.29%
|
||||||
Net investment income (loss)
|
1.03% C,J
|
1.73% D
|
1.29%
|
1.35%
|
(.16)%
|
(.45)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,637
|
$
|
3,146
|
$
|
3,300
|
$
|
3,079
|
$
|
4,995
|
$
|
5,080
|
Portfolio turnover rate K
|
38 % J |
29%
|
30%
|
33%
|
64%
|
43%
|
Fidelity® Emerging Markets Discovery Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.57
|
$
|
14.80
|
$
|
12.98
|
$
|
18.48
|
$
|
14.02
|
$
|
13.75
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.20 C
|
.45 D
|
.35
|
.36
|
.16
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
(.18)
|
1.66
|
1.71
|
(3.95)
|
4.40
|
.34
|
||||||
Total from investment operations
|
.02
|
2.11
|
2.06
|
(3.59)
|
4.56
|
.42
|
||||||
Distributions from net investment income
|
(.61)
|
(.34)
|
(.24)
|
(.42)
|
(.10)
|
(.15)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.49)
|
-
|
-
|
||||||
Total distributions
|
(.61)
|
(.34)
|
(.24)
|
(1.91)
|
(.10)
|
(.15)
|
||||||
Net asset value, end of period
|
$
|
15.98
|
$
|
16.57
|
$
|
14.80
|
$
|
12.98
|
$
|
18.48
|
$
|
14.02
|
Total Return E,F
|
.16 % |
14.38%
|
15.94%
|
(21.37)%
|
32.63%
|
3.07%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.98% I
|
1.01%
|
1.15%
|
1.19%
|
1.19%
|
1.23%
|
||||||
Expenses net of fee waivers, if any
|
.98 % I |
1.00%
|
1.15%
|
1.19%
|
1.18%
|
1.23%
|
||||||
Expenses net of all reductions, if any
|
.98% I
|
1.00%
|
1.15%
|
1.19%
|
1.18%
|
1.20%
|
||||||
Net investment income (loss)
|
2.08% C,I
|
2.74% D
|
2.34%
|
2.41%
|
.90%
|
.63%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
377,586
|
$
|
411,220
|
$
|
368,811
|
$
|
248,805
|
$
|
283,133
|
$
|
189,784
|
Portfolio turnover rate J
|
38 % I |
29%
|
30%
|
33%
|
64%
|
43%
|
Fidelity Advisor® Emerging Markets Discovery Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.61
|
$
|
14.85
|
$
|
13.03
|
$
|
18.54
|
$
|
14.06
|
$
|
13.79
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.20 C
|
.45 D
|
.36
|
.34
|
.16
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
(.19)
|
1.66
|
1.71
|
(3.95)
|
4.41
|
.34
|
||||||
Total from investment operations
|
.01
|
2.11
|
2.07
|
(3.61)
|
4.57
|
.42
|
||||||
Distributions from net investment income
|
(.61)
|
(.35)
|
(.25)
|
(.41)
|
(.09)
|
(.15)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.49)
|
-
|
-
|
||||||
Total distributions
|
(.61)
|
(.35)
|
(.25)
|
(1.90)
|
(.09)
|
(.15)
|
||||||
Net asset value, end of period
|
$
|
16.01
|
$
|
16.61
|
$
|
14.85
|
$
|
13.03
|
$
|
18.54
|
$
|
14.06
|
Total Return E,F
|
.12 % |
14.34%
|
15.99%
|
(21.37)%
|
32.62%
|
3.07%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.02% I
|
1.04%
|
1.12%
|
1.17%
|
1.19%
|
1.24%
|
||||||
Expenses net of fee waivers, if any
|
1.02 % I |
1.04%
|
1.11%
|
1.16%
|
1.19%
|
1.23%
|
||||||
Expenses net of all reductions, if any
|
1.02% I
|
1.04%
|
1.11%
|
1.16%
|
1.19%
|
1.21%
|
||||||
Net investment income (loss)
|
2.03% C,I
|
2.71% D
|
2.37%
|
2.44%
|
.90%
|
.63%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
488,798
|
$
|
553,444
|
$
|
404,844
|
$
|
129,250
|
$
|
27,397
|
$
|
28,034
|
Portfolio turnover rate J
|
38 % I |
29%
|
30%
|
33%
|
64%
|
43%
|
Fidelity Advisor® Emerging Markets Discovery Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.59
|
$
|
14.82
|
$
|
13.00
|
$
|
18.51
|
$
|
14.04
|
$
|
13.77
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.21 C
|
.46 D
|
.38
|
.37
|
.19
|
.10
|
||||||
Net realized and unrealized gain (loss)
|
(.19)
|
1.67
|
1.70
|
(3.95)
|
4.40
|
.35
|
||||||
Total from investment operations
|
.02
|
2.13
|
2.08
|
(3.58)
|
4.59
|
.45
|
||||||
Distributions from net investment income
|
(.62)
|
(.36)
|
(.26)
|
(.44)
|
(.12)
|
(.18)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(1.49)
|
-
|
-
|
||||||
Total distributions
|
(.62)
|
(.36)
|
(.26)
|
(1.93)
|
(.12)
|
(.18)
|
||||||
Net asset value, end of period
|
$
|
15.99
|
$
|
16.59
|
$
|
14.82
|
$
|
13.00
|
$
|
18.51
|
$
|
14.04
|
Total Return E,F
|
.17 % |
14.54%
|
16.10%
|
(21.27)%
|
32.82%
|
3.24%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.90% I
|
.93%
|
.99%
|
1.03%
|
1.05%
|
1.09%
|
||||||
Expenses net of fee waivers, if any
|
.90 % I |
.92%
|
.98%
|
1.03%
|
1.05%
|
1.08%
|
||||||
Expenses net of all reductions, if any
|
.90% I
|
.92%
|
.98%
|
1.03%
|
1.05%
|
1.06%
|
||||||
Net investment income (loss)
|
2.16% C,I
|
2.82% D
|
2.50%
|
2.57%
|
1.04%
|
.78%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
123,099
|
$
|
179,418
|
$
|
122,312
|
$
|
29,546
|
$
|
16,365
|
$
|
11,561
|
Portfolio turnover rate J
|
38 % I |
29%
|
30%
|
33%
|
64%
|
43%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$191,138,620
|
Gross unrealized depreciation
|
(111,481,503)
|
Net unrealized appreciation (depreciation)
|
$79,657,117
|
Tax cost
|
$991,295,436
|
Short-term
|
$(6,274,551)
|
Long-term
|
-
|
Total capital loss carryforward
|
$(6,274,551)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
199,183,069
|
354,933,250
|
Maximum Management Fee Rate %
|
|
Class A
|
1.02
|
Class M
|
1.02
|
Class C
|
1.02
|
Emerging Markets Discovery
|
1.00
|
Class I
|
1.01
|
Class Z
|
.88
|
Total Management Fee Rate %
|
|
Class A
|
.96
|
Class M
|
.96
|
Class C
|
.96
|
Emerging Markets Discovery
|
.91
|
Class I
|
.96
|
Class Z
|
.83
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
36,503
|
2,378
|
Class M
|
.25%
|
.25%
|
11,462
|
104
|
Class C
|
.75%
|
.25%
|
14,244
|
2,354
|
62,209
|
4,836
|
Retained by FDC ($)
|
|
Class A
|
2,522
|
Class M
|
238
|
Class CA
|
60
|
2,820
|
Amount ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
916
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
Borrower
|
6,161,980
|
4.61%
|
38,691
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
2,310,090
|
19,814,965
|
6,744,507
|
Amount ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
836
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
5,649
|
238
|
-
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity Emerging Markets Discovery Fund
|
858,286
|
4.83%
|
805
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Emerging Markets Discovery Fund
|
||
Distributions to shareholders
|
||
Class A
|
$1,053,053
|
$509,536
|
Class M
|
149,825
|
117,571
|
Class C
|
88,170
|
40,122
|
Emerging Markets Discovery
|
14,364,018
|
8,637,465
|
Class I
|
20,784,903
|
10,634,852
|
Class Z
|
5,946,279
|
3,100,609
|
Total
|
$42,386,248
|
$23,040,155
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Emerging Markets Discovery Fund
|
||||
Class A
|
||||
Shares sold
|
177,231
|
589,656
|
$2,755,459
|
$9,506,630
|
Reinvestment of distributions
|
67,073
|
32,877
|
1,051,706
|
509,269
|
Shares redeemed
|
(234,138)
|
(333,376)
|
(3,658,141)
|
(5,440,815)
|
Net increase (decrease)
|
10,166
|
289,157
|
$149,024
|
$4,575,084
|
Class M
|
||||
Shares sold
|
13,090
|
32,443
|
$201,543
|
$528,491
|
Reinvestment of distributions
|
9,543
|
7,600
|
149,825
|
117,571
|
Shares redeemed
|
(58,926)
|
(176,394)
|
(920,547)
|
(2,861,973)
|
Net increase (decrease)
|
(36,293)
|
(136,351)
|
$(569,179)
|
$(2,215,911)
|
Class C
|
||||
Shares sold
|
19,950
|
39,779
|
$305,733
|
$631,296
|
Reinvestment of distributions
|
5,770
|
2,657
|
88,170
|
40,122
|
Shares redeemed
|
(52,204)
|
(76,848)
|
(792,881)
|
(1,216,417)
|
Net increase (decrease)
|
(26,484)
|
(34,412)
|
$(398,978)
|
$(544,999)
|
Emerging Markets Discovery
|
||||
Shares sold
|
3,401,248
|
8,550,200
|
$53,181,948
|
$138,799,157
|
Reinvestment of distributions
|
813,454
|
500,754
|
12,836,304
|
7,796,740
|
Shares redeemed
|
(5,398,786)
|
(9,155,683)
|
(84,706,546)
|
(150,486,850)
|
Net increase (decrease)
|
(1,184,084)
|
(104,729)
|
$(18,688,294)
|
$(3,890,953)
|
Class I
|
||||
Shares sold
|
9,343,738
|
21,327,643
|
$146,926,222
|
$346,080,275
|
Reinvestment of distributions
|
1,255,207
|
647,193
|
19,844,830
|
10,102,677
|
Shares redeemed
|
(13,384,523)
|
(15,930,728)
|
(209,647,269)
|
(262,986,812)
|
Net increase (decrease)
|
(2,785,578)
|
6,044,108
|
$(42,876,217)
|
$93,196,140
|
Class Z
|
||||
Shares sold
|
1,592,674
|
6,301,582
|
$24,765,237
|
$103,483,546
|
Reinvestment of distributions
|
327,837
|
169,011
|
5,176,545
|
2,631,506
|
Shares redeemed
|
(5,037,203)
|
(3,907,594)
|
(79,453,556)
|
(65,063,324)
|
Net increase (decrease)
|
(3,116,692)
|
2,562,999
|
$(49,511,774)
|
$41,051,728
|
![]() |
Contents
Common Stocks - 98.8%
|
|||
Shares
|
Value ($)
|
||
BELGIUM - 1.0%
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
KBC Group NV
|
19,137
|
1,757,328
|
|
Health Care - 0.4%
|
|||
Pharmaceuticals - 0.4%
|
|||
UCB SA
|
5,932
|
1,082,939
|
|
TOTAL BELGIUM
|
2,840,267
|
||
BRAZIL - 0.6%
|
|||
Utilities - 0.6%
|
|||
Electric Utilities - 0.6%
|
|||
Equatorial Energia SA
|
286,974
|
1,861,363
|
|
CANADA - 4.9%
|
|||
Communication Services - 0.4%
|
|||
Diversified Telecommunication Services - 0.4%
|
|||
Quebecor Inc Class B
|
39,400
|
1,080,885
|
|
Consumer Discretionary - 0.2%
|
|||
Hotels, Restaurants & Leisure - 0.2%
|
|||
Restaurant Brands International Inc
|
13,500
|
869,871
|
|
Consumer Staples - 1.9%
|
|||
Consumer Staples Distribution & Retail - 1.9%
|
|||
Alimentation Couche-Tard Inc
|
50,483
|
2,635,106
|
|
Metro Inc/CN
|
37,234
|
2,869,389
|
|
5,504,495
|
|||
Energy - 1.7%
|
|||
Oil, Gas & Consumable Fuels - 1.7%
|
|||
Canadian Natural Resources Ltd
|
51,442
|
1,476,168
|
|
Cenovus Energy Inc
|
24,000
|
282,548
|
|
Imperial Oil Ltd
|
23,380
|
1,577,039
|
|
PrairieSky Royalty Ltd
|
92,106
|
1,550,689
|
|
4,886,444
|
|||
Information Technology - 0.7%
|
|||
Software - 0.7%
|
|||
Constellation Software Inc/Canada
|
581
|
2,093,872
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(b)
|
581
|
0
|
|
2,093,872
|
|||
TOTAL CANADA
|
14,435,567
|
||
DENMARK - 0.2%
|
|||
Financials - 0.2%
|
|||
Insurance - 0.2%
|
|||
Tryg A/S
|
29,100
|
694,266
|
|
FINLAND - 0.3%
|
|||
Communication Services - 0.3%
|
|||
Diversified Telecommunication Services - 0.3%
|
|||
Elisa Oyj A Shares
|
19,148
|
1,019,949
|
|
FRANCE - 3.4%
|
|||
Consumer Discretionary - 0.7%
|
|||
Textiles, Apparel & Luxury Goods - 0.7%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
3,887
|
2,153,123
|
|
Consumer Staples - 0.4%
|
|||
Food Products - 0.4%
|
|||
Danone SA
|
12,500
|
1,075,580
|
|
Energy - 0.7%
|
|||
Energy Equipment & Services - 0.5%
|
|||
Vallourec SACA (b)
|
72,000
|
1,329,921
|
|
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Gaztransport Et Technigaz SA
|
4,700
|
765,648
|
|
TOTAL ENERGY
|
2,095,569
|
||
Financials - 0.2%
|
|||
Capital Markets - 0.2%
|
|||
Amundi SA (c)(d)
|
7,939
|
623,713
|
|
Industrials - 1.0%
|
|||
Aerospace & Defense - 1.0%
|
|||
Airbus SE
|
7,918
|
1,343,610
|
|
Thales SA
|
5,700
|
1,596,697
|
|
2,940,307
|
|||
Information Technology - 0.4%
|
|||
IT Services - 0.4%
|
|||
Capgemini SE
|
7,109
|
1,134,968
|
|
TOTAL FRANCE
|
10,023,260
|
||
GERMANY - 7.1%
|
|||
Communication Services - 1.1%
|
|||
Diversified Telecommunication Services - 1.1%
|
|||
Deutsche Telekom AG
|
91,799
|
3,297,193
|
|
Industrials - 6.0%
|
|||
Aerospace & Defense - 5.2%
|
|||
Rheinmetall AG
|
8,947
|
15,237,212
|
|
Industrial Conglomerates - 0.8%
|
|||
Siemens AG
|
9,621
|
2,215,344
|
|
TOTAL INDUSTRIALS
|
17,452,556
|
||
TOTAL GERMANY
|
20,749,749
|
||
HONG KONG - 0.4%
|
|||
Financials - 0.4%
|
|||
Insurance - 0.4%
|
|||
AIA Group Ltd
|
162,086
|
1,214,497
|
|
HUNGARY - 0.5%
|
|||
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
Richter Gedeon Nyrt
|
51,700
|
1,564,043
|
|
INDIA - 0.3%
|
|||
Financials - 0.2%
|
|||
Banks - 0.2%
|
|||
HDFC Bank Ltd ADR
|
7,879
|
572,725
|
|
Information Technology - 0.1%
|
|||
Electronic Equipment, Instruments & Components - 0.1%
|
|||
Redington Ltd
|
71,339
|
207,128
|
|
TOTAL INDIA
|
779,853
|
||
IRELAND - 1.5%
|
|||
Consumer Staples - 0.3%
|
|||
Food Products - 0.3%
|
|||
Kerry Group PLC Class A
|
7,600
|
802,851
|
|
Financials - 0.2%
|
|||
Banks - 0.2%
|
|||
AIB Group PLC
|
111,300
|
748,054
|
|
Information Technology - 1.0%
|
|||
IT Services - 1.0%
|
|||
Accenture PLC Class A
|
9,787
|
2,927,781
|
|
TOTAL IRELAND
|
4,478,686
|
||
ITALY - 1.0%
|
|||
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
24,300
|
1,427,340
|
|
Industrials - 0.5%
|
|||
Electrical Equipment - 0.5%
|
|||
Prysmian SpA
|
26,900
|
1,477,676
|
|
TOTAL ITALY
|
2,905,016
|
||
JAPAN - 6.0%
|
|||
Communication Services - 1.0%
|
|||
Entertainment - 1.0%
|
|||
Capcom Co Ltd
|
44,236
|
1,280,548
|
|
Nintendo Co Ltd
|
19,200
|
1,593,985
|
|
2,874,533
|
|||
Consumer Discretionary - 2.1%
|
|||
Automobiles - 0.5%
|
|||
Toyota Motor Corp
|
69,070
|
1,319,197
|
|
Household Durables - 1.3%
|
|||
Sony Group Corp
|
143,380
|
3,782,766
|
|
Leisure Products - 0.3%
|
|||
Roland Corp
|
41,535
|
919,417
|
|
TOTAL CONSUMER DISCRETIONARY
|
6,021,380
|
||
Health Care - 0.2%
|
|||
Health Care Equipment & Supplies - 0.2%
|
|||
Hoya Corp
|
6,132
|
721,529
|
|
Industrials - 1.7%
|
|||
Electrical Equipment - 0.1%
|
|||
Fuji Electric Co Ltd
|
5,300
|
235,673
|
|
Industrial Conglomerates - 1.0%
|
|||
Hitachi Ltd
|
121,251
|
2,996,781
|
|
Machinery - 0.1%
|
|||
Ebara Corp
|
18,900
|
283,912
|
|
Trading Companies & Distributors - 0.5%
|
|||
Inaba Denki Sangyo Co Ltd
|
58,899
|
1,548,066
|
|
TOTAL INDUSTRIALS
|
5,064,432
|
||
Information Technology - 0.3%
|
|||
Semiconductors & Semiconductor Equipment - 0.3%
|
|||
Renesas Electronics Corp
|
75,479
|
885,766
|
|
Materials - 0.7%
|
|||
Chemicals - 0.7%
|
|||
Shin-Etsu Chemical Co Ltd
|
63,026
|
1,917,975
|
|
TOTAL JAPAN
|
17,485,615
|
||
KENYA - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Wireless Telecommunication Services - 0.1%
|
|||
Safaricom PLC
|
1,360,546
|
184,525
|
|
KOREA (SOUTH) - 0.8%
|
|||
Information Technology - 0.8%
|
|||
Technology Hardware, Storage & Peripherals - 0.8%
|
|||
Samsung Electronics Co Ltd
|
57,722
|
2,247,554
|
|
NETHERLANDS - 1.6%
|
|||
Information Technology - 1.6%
|
|||
Semiconductors & Semiconductor Equipment - 1.6%
|
|||
NXP Semiconductors NV
|
24,645
|
4,542,320
|
|
SOUTH AFRICA - 0.2%
|
|||
Consumer Discretionary - 0.2%
|
|||
Broadline Retail - 0.2%
|
|||
Naspers Ltd Class N
|
1,900
|
499,716
|
|
SWITZERLAND - 1.2%
|
|||
Consumer Discretionary - 0.4%
|
|||
Textiles, Apparel & Luxury Goods - 0.4%
|
|||
Cie Financiere Richemont SA Series A
|
6,840
|
1,208,664
|
|
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
Galderma Group AG
|
11,194
|
1,300,666
|
|
Materials - 0.3%
|
|||
Chemicals - 0.3%
|
|||
Sika AG
|
4,091
|
1,022,372
|
|
TOTAL SWITZERLAND
|
3,531,702
|
||
TAIWAN - 2.3%
|
|||
Information Technology - 2.3%
|
|||
Semiconductors & Semiconductor Equipment - 2.3%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
240,452
|
6,799,494
|
|
UNITED KINGDOM - 7.6%
|
|||
Consumer Discretionary - 1.6%
|
|||
Broadline Retail - 0.2%
|
|||
B&M European Value Retail SA
|
131,196
|
588,178
|
|
Hotels, Restaurants & Leisure - 1.0%
|
|||
Compass Group PLC
|
83,146
|
2,803,253
|
|
Leisure Products - 0.2%
|
|||
Games Workshop Group PLC
|
2,700
|
554,496
|
|
Textiles, Apparel & Luxury Goods - 0.2%
|
|||
Burberry Group PLC
|
67,200
|
654,446
|
|
TOTAL CONSUMER DISCRETIONARY
|
4,600,373
|
||
Consumer Staples - 1.1%
|
|||
Beverages - 0.2%
|
|||
Diageo PLC
|
23,820
|
668,875
|
|
Food Products - 0.2%
|
|||
Premier Foods PLC
|
273,400
|
725,805
|
|
Personal Care Products - 0.7%
|
|||
Unilever PLC
|
26,901
|
1,712,784
|
|
TOTAL CONSUMER STAPLES
|
3,107,464
|
||
Financials - 1.3%
|
|||
Banks - 0.4%
|
|||
Lloyds Banking Group PLC
|
859,800
|
844,735
|
|
Starling Bank Ltd Class D (a)(b)(e)
|
83,600
|
269,621
|
|
1,114,356
|
|||
Capital Markets - 0.8%
|
|||
London Stock Exchange Group PLC
|
15,200
|
2,366,815
|
|
Insurance - 0.1%
|
|||
Hiscox Ltd
|
31,873
|
466,824
|
|
TOTAL FINANCIALS
|
3,947,995
|
||
Health Care - 1.1%
|
|||
Pharmaceuticals - 1.1%
|
|||
Astrazeneca PLC ADR
|
43,637
|
3,132,700
|
|
Industrials - 2.5%
|
|||
Aerospace & Defense - 1.4%
|
|||
BAE Systems PLC
|
105,774
|
2,452,120
|
|
Rolls-Royce Holdings PLC
|
147,800
|
1,496,102
|
|
3,948,222
|
|||
Professional Services - 0.9%
|
|||
RELX PLC
|
48,295
|
2,635,707
|
|
Trading Companies & Distributors - 0.2%
|
|||
RS GROUP PLC
|
95,777
|
657,995
|
|
TOTAL INDUSTRIALS
|
7,241,924
|
||
Information Technology - 0.0%
|
|||
Electronic Equipment, Instruments & Components - 0.0%
|
|||
Halma PLC
|
9,000
|
330,563
|
|
TOTAL UNITED KINGDOM
|
22,361,019
|
||
UNITED STATES - 57.5%
|
|||
Communication Services - 4.6%
|
|||
Diversified Telecommunication Services - 0.8%
|
|||
AT&T Inc
|
45,494
|
1,260,184
|
|
Verizon Communications Inc
|
24,882
|
1,096,301
|
|
2,356,485
|
|||
Entertainment - 0.7%
|
|||
Walt Disney Co/The
|
23,330
|
2,121,864
|
|
Interactive Media & Services - 1.2%
|
|||
Alphabet Inc Class A
|
22,528
|
3,577,446
|
|
Media - 0.4%
|
|||
Comcast Corp Class A
|
38,121
|
1,303,738
|
|
Wireless Telecommunication Services - 1.5%
|
|||
T-Mobile US Inc
|
16,677
|
4,118,385
|
|
TOTAL COMMUNICATION SERVICES
|
13,477,918
|
||
Consumer Discretionary - 4.5%
|
|||
Diversified Consumer Services - 0.9%
|
|||
H&R Block Inc
|
44,439
|
2,682,782
|
|
Hotels, Restaurants & Leisure - 1.0%
|
|||
McDonald's Corp
|
7,393
|
2,363,172
|
|
Starbucks Corp
|
6,900
|
552,345
|
|
2,915,517
|
|||
Specialty Retail - 2.0%
|
|||
Lowe's Cos Inc
|
9,607
|
2,147,741
|
|
TJX Cos Inc/The
|
27,526
|
3,542,047
|
|
5,689,788
|
|||
Textiles, Apparel & Luxury Goods - 0.6%
|
|||
Samsonite Group SA (c)(d)
|
202,500
|
363,975
|
|
Tapestry Inc
|
20,950
|
1,480,118
|
|
1,844,093
|
|||
TOTAL CONSUMER DISCRETIONARY
|
13,132,180
|
||
Consumer Staples - 5.6%
|
|||
Beverages - 1.3%
|
|||
Coca-Cola Co/The
|
37,732
|
2,737,457
|
|
Keurig Dr Pepper Inc
|
32,628
|
1,128,602
|
|
3,866,059
|
|||
Consumer Staples Distribution & Retail - 2.5%
|
|||
Albertsons Cos Inc Class A
|
22,700
|
498,946
|
|
BJ's Wholesale Club Holdings Inc (b)
|
9,831
|
1,155,732
|
|
Costco Wholesale Corp
|
1,724
|
1,714,518
|
|
Target Corp
|
7,745
|
748,942
|
|
Walmart Inc
|
30,944
|
3,009,305
|
|
7,127,443
|
|||
Food Products - 0.7%
|
|||
Mondelez International Inc
|
9,931
|
676,599
|
|
Nestle SA
|
13,842
|
1,473,306
|
|
2,149,905
|
|||
Household Products - 1.1%
|
|||
Procter & Gamble Co/The
|
19,390
|
3,152,232
|
|
TOTAL CONSUMER STAPLES
|
16,295,639
|
||
Energy - 2.3%
|
|||
Oil, Gas & Consumable Fuels - 2.3%
|
|||
Exxon Mobil Corp
|
31,804
|
3,359,457
|
|
Hess Corp
|
8,598
|
1,109,572
|
|
Phillips 66
|
4,378
|
455,575
|
|
Shell PLC
|
43,111
|
1,391,267
|
|
Valero Energy Corp
|
3,491
|
405,269
|
|
6,721,140
|
|||
Financials - 11.1%
|
|||
Banks - 5.9%
|
|||
Bank of America Corp
|
75,351
|
3,004,998
|
|
JPMorgan Chase & Co
|
20,822
|
5,093,479
|
|
M&T Bank Corp
|
13,545
|
2,299,399
|
|
PNC Financial Services Group Inc/The
|
15,747
|
2,530,385
|
|
US Bancorp
|
38,400
|
1,549,056
|
|
Wells Fargo & Co
|
38,516
|
2,735,021
|
|
17,212,338
|
|||
Capital Markets - 1.3%
|
|||
Blackrock Inc
|
1,100
|
1,005,686
|
|
Charles Schwab Corp/The
|
25,100
|
2,043,140
|
|
MSCI Inc
|
1,589
|
866,180
|
|
3,915,006
|
|||
Consumer Finance - 0.7%
|
|||
Capital One Financial Corp
|
11,948
|
2,153,746
|
|
Financial Services - 0.3%
|
|||
Apollo Global Management Inc
|
6,300
|
859,824
|
|
Insurance - 2.9%
|
|||
Chubb Ltd
|
7,427
|
2,124,716
|
|
Hartford Insurance Group Inc/The
|
28,928
|
3,548,598
|
|
The Travelers Companies, Inc.
|
10,224
|
2,700,465
|
|
8,373,779
|
|||
TOTAL FINANCIALS
|
32,514,693
|
||
Health Care - 8.1%
|
|||
Biotechnology - 2.7%
|
|||
AbbVie Inc
|
23,673
|
4,618,602
|
|
Gilead Sciences Inc
|
29,705
|
3,164,771
|
|
7,783,373
|
|||
Health Care Providers & Services - 0.9%
|
|||
UnitedHealth Group Inc
|
6,599
|
2,715,093
|
|
Life Sciences Tools & Services - 0.8%
|
|||
Danaher Corp
|
11,965
|
2,384,983
|
|
Pharmaceuticals - 3.7%
|
|||
Eli Lilly & Co
|
4,338
|
3,899,645
|
|
GSK PLC
|
62,700
|
1,240,375
|
|
Merck & Co Inc
|
27,468
|
2,340,274
|
|
Roche Holding AG
|
6,620
|
2,164,651
|
|
Sanofi SA
|
10,512
|
1,149,926
|
|
10,794,871
|
|||
TOTAL HEALTH CARE
|
23,678,320
|
||
Industrials - 3.5%
|
|||
Aerospace & Defense - 1.7%
|
|||
GE Aerospace
|
18,624
|
3,753,481
|
|
General Dynamics Corp
|
3,318
|
902,894
|
|
4,656,375
|
|||
Building Products - 0.4%
|
|||
Johnson Controls International plc
|
14,548
|
1,220,577
|
|
Commercial Services & Supplies - 0.2%
|
|||
Veralto Corp
|
6,671
|
639,749
|
|
Electrical Equipment - 0.6%
|
|||
GE Vernova Inc
|
4,791
|
1,776,599
|
|
Ground Transportation - 0.3%
|
|||
Norfolk Southern Corp
|
4,300
|
963,415
|
|
Machinery - 0.3%
|
|||
Crane Co
|
5,414
|
871,546
|
|
TOTAL INDUSTRIALS
|
10,128,261
|
||
Information Technology - 10.9%
|
|||
Communications Equipment - 1.0%
|
|||
Cisco Systems Inc
|
48,975
|
2,827,327
|
|
Electronic Equipment, Instruments & Components - 0.1%
|
|||
Crane NXT Co
|
5,914
|
277,485
|
|
IT Services - 0.8%
|
|||
Amdocs Ltd
|
26,626
|
2,358,531
|
|
Semiconductors & Semiconductor Equipment - 0.2%
|
|||
Broadcom Inc
|
3,579
|
688,850
|
|
Software - 4.2%
|
|||
Microsoft Corp
|
31,444
|
12,428,555
|
|
Technology Hardware, Storage & Peripherals - 4.6%
|
|||
Apple Inc
|
62,685
|
13,320,563
|
|
TOTAL INFORMATION TECHNOLOGY
|
31,901,311
|
||
Materials - 2.3%
|
|||
Chemicals - 1.4%
|
|||
Linde PLC
|
8,568
|
3,883,275
|
|
Containers & Packaging - 0.7%
|
|||
Ball Corp
|
12,898
|
669,922
|
|
Crown Holdings Inc
|
14,982
|
1,443,216
|
|
2,113,138
|
|||
Metals & Mining - 0.2%
|
|||
Freeport-McMoRan Inc
|
19,603
|
706,295
|
|
TOTAL MATERIALS
|
6,702,708
|
||
Real Estate - 1.1%
|
|||
Specialized REITs - 1.1%
|
|||
American Tower Corp
|
5,819
|
1,311,660
|
|
Lamar Advertising Co Class A
|
17,463
|
1,987,464
|
|
3,299,124
|
|||
Utilities - 3.5%
|
|||
Electric Utilities - 1.5%
|
|||
NextEra Energy Inc
|
31,837
|
2,129,259
|
|
PG&E Corp
|
34,085
|
563,084
|
|
Southern Co/The
|
17,868
|
1,641,891
|
|
4,334,234
|
|||
Gas Utilities - 0.2%
|
|||
Southwest Gas Holdings Inc
|
6,800
|
491,028
|
|
Independent Power and Renewable Electricity Producers - 1.0%
|
|||
Vistra Corp
|
22,229
|
2,881,545
|
|
Multi-Utilities - 0.8%
|
|||
Ameren Corp
|
15,843
|
1,572,259
|
|
WEC Energy Group Inc
|
7,715
|
844,947
|
|
2,417,206
|
|||
TOTAL UTILITIES
|
10,124,013
|
||
TOTAL UNITED STATES
|
167,975,307
|
||
ZAMBIA - 0.3%
|
|||
Materials - 0.3%
|
|||
Metals & Mining - 0.3%
|
|||
First Quantum Minerals Ltd (b)
|
61,057
|
819,792
|
|
TOTAL COMMON STOCKS
(Cost $197,897,662)
|
289,013,560
|
||
Money Market Funds - 1.0%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (f)
(Cost $3,040,371)
|
4.33
|
3,039,763
|
3,040,371
|
|
TOTAL INVESTMENT IN SECURITIES - 99.8%
(Cost $200,938,033)
|
292,053,931
|
NET OTHER ASSETS (LIABILITIES) - 0.2%
|
691,059
|
NET ASSETS - 100.0%
|
292,744,990
|
(a)
|
Level 3 security
|
(b)
|
Non-income producing
|
(c)
|
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 $987,688 or 0.3% of net assets.
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $987,688 or 0.3% of net assets.
|
(e)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $269,621 or 0.1% of net assets.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Starling Bank Ltd Class D
|
6/18/21 - 4/05/22
|
170,981
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
7,369,184
|
31,072,259
|
35,401,072
|
174,080
|
-
|
-
|
3,040,371
|
3,039,763
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
-
|
10,088,225
|
10,088,225
|
991
|
-
|
-
|
-
|
-
|
0.0%
|
Total
|
7,369,184
|
41,160,484
|
45,489,297
|
175,071
|
-
|
-
|
3,040,371
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
21,935,003
|
17,043,825
|
4,891,178
|
-
|
Consumer Discretionary
|
28,485,307
|
16,563,858
|
11,921,449
|
-
|
Consumer Staples
|
26,786,029
|
21,855,484
|
4,930,545
|
-
|
Energy
|
13,703,153
|
12,311,886
|
1,391,267
|
-
|
Financials
|
42,073,271
|
36,629,549
|
5,174,101
|
269,621
|
Health Care
|
32,907,537
|
27,631,056
|
5,276,481
|
-
|
Industrials
|
44,305,156
|
12,334,322
|
31,970,834
|
-
|
Information Technology
|
53,070,757
|
41,795,847
|
11,274,910
|
-
|
Materials
|
10,462,847
|
7,522,500
|
2,940,347
|
-
|
Real Estate
|
3,299,124
|
3,299,124
|
-
|
-
|
Utilities
|
11,985,376
|
11,985,376
|
-
|
-
|
Money Market Funds
|
3,040,371
|
3,040,371
|
-
|
-
|
Total Investments in Securities:
|
292,053,931
|
212,013,198
|
79,771,112
|
269,621
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $197,897,662)
|
$
|
289,013,560
|
||
Fidelity Central Funds (cost $3,040,371)
|
3,040,371
|
|||
Total Investment in Securities (cost $200,938,033)
|
$
|
292,053,931
|
||
Foreign currency held at value (cost $15,171)
|
15,240
|
|||
Receivable for fund shares sold
|
332,692
|
|||
Dividends receivable
|
432,895
|
|||
Reclaims receivable
|
294,242
|
|||
Distributions receivable from Fidelity Central Funds
|
10,128
|
|||
Prepaid expenses
|
47
|
|||
Receivable from investment adviser for expense reductions
|
18,486
|
|||
Other receivables
|
429
|
|||
Total assets
|
293,158,090
|
|||
Liabilities
|
||||
Payable for fund shares redeemed
|
$
|
99,175
|
||
Accrued management fee
|
192,029
|
|||
Distribution and service plan fees payable
|
16,165
|
|||
Deferred taxes
|
28,724
|
|||
Audit fee payable
|
74,309
|
|||
Other payables and accrued expenses
|
2,698
|
|||
Total liabilities
|
413,100
|
|||
Net Assets
|
$
|
292,744,990
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
208,013,881
|
||
Total accumulated earnings (loss)
|
84,731,109
|
|||
Net Assets
|
$
|
292,744,990
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($24,812,637 ÷ 1,162,269 shares)(a)
|
$
|
21.35
|
||
Maximum offering price per share (100/94.25 of $21.35)
|
$
|
22.65
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($18,809,340 ÷ 881,424 shares)(a)
|
$
|
21.34
|
||
Maximum offering price per share (100/96.50 of $21.34)
|
$
|
22.11
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($4,401,777 ÷ 206,705 shares)(a)
|
$
|
21.29
|
||
Fidelity Global Equity Income Fund :
|
||||
Net Asset Value, offering price and redemption price per share ($201,173,284 ÷ 9,425,499 shares)
|
$
|
21.34
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($16,597,237 ÷ 777,601 shares)
|
$
|
21.34
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($26,950,715 ÷ 1,262,399 shares)
|
$
|
21.35
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
2,752,277
|
||
Income from Fidelity Central Funds (including $991 from security lending)
|
175,071
|
|||
Income before foreign taxes withheld
|
$
|
2,927,348
|
||
Less foreign taxes withheld
|
(141,450)
|
|||
Total income
|
2,785,898
|
|||
Expenses
|
||||
Management fee
|
$
|
1,145,812
|
||
Distribution and service plan fees
|
98,279
|
|||
Custodian fees and expenses
|
8,073
|
|||
Independent trustees' fees and expenses
|
576
|
|||
Registration fees
|
129,631
|
|||
Audit fees
|
66,076
|
|||
Legal
|
5,543
|
|||
Miscellaneous
|
347
|
|||
Total expenses before reductions
|
1,454,337
|
|||
Expense reductions
|
(98,216)
|
|||
Total expenses after reductions
|
1,356,121
|
|||
Net Investment income (loss)
|
1,429,777
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
725,820
|
|||
Foreign currency transactions
|
(34,716)
|
|||
Total net realized gain (loss)
|
691,104
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $6,327)
|
13,314,519
|
|||
Assets and liabilities in foreign currencies
|
13,741
|
|||
Total change in net unrealized appreciation (depreciation)
|
13,328,260
|
|||
Net gain (loss)
|
14,019,364
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
15,449,141
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
1,429,777
|
$
|
1,828,545
|
Net realized gain (loss)
|
691,104
|
4,323,676
|
||
Change in net unrealized appreciation (depreciation)
|
13,328,260
|
29,455,406
|
||
Net increase (decrease) in net assets resulting from operations
|
15,449,141
|
35,607,627
|
||
Distributions to shareholders
|
(2,882,254)
|
(1,803,376)
|
||
Share transactions - net increase (decrease)
|
22,480,650
|
75,952,778
|
||
Total increase (decrease) in net assets
|
35,047,537
|
109,757,029
|
||
Net Assets
|
||||
Beginning of period
|
257,697,453
|
147,940,424
|
||
End of period
|
$
|
292,744,990
|
$
|
257,697,453
|
Fidelity Advisor® Global Equity Income Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024 A
|
|||
Selected Per-Share Data
|
||||
Net asset value, beginning of period
|
$
|
20.36
|
$
|
21.10
|
Income from Investment Operations
|
||||
Net investment income (loss) B,C
|
.08
|
(.01)
|
||
Net realized and unrealized gain (loss)
|
1.10
|
(.73) D
|
||
Total from investment operations
|
1.18
|
(.74)
|
||
Distributions from net investment income
|
(.06)
|
-
|
||
Distributions from net realized gain
|
(.13)
|
-
|
||
Total distributions
|
(.19)
|
-
|
||
Net asset value, end of period
|
$
|
21.35
|
$
|
20.36
|
Total Return E,F,G
|
5.83 % |
(3.51)%
|
||
Ratios to Average Net Assets C,H,I
|
||||
Expenses before reductions
|
1.27% J
|
1.06% J,K
|
||
Expenses net of fee waivers, if any
|
1.20 % J |
1.05% J,K
|
||
Expenses net of all reductions, if any
|
1.19% J
|
1.05% J,K
|
||
Net investment income (loss)
|
.80% J
|
(.82)% J,K
|
||
Supplemental Data
|
||||
Net assets, end of period (000 omitted)
|
$
|
24,813
|
$
|
24,403
|
Portfolio turnover rate L
|
12 % J |
29% M
|
Fidelity Advisor® Global Equity Income Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024 A
|
|||
Selected Per-Share Data
|
||||
Net asset value, beginning of period
|
$
|
20.36
|
$
|
21.10
|
Income from Investment Operations
|
||||
Net investment income (loss) B,C
|
.06
|
(.01)
|
||
Net realized and unrealized gain (loss)
|
1.09
|
(.73) D
|
||
Total from investment operations
|
1.15
|
(.74)
|
||
Distributions from net investment income
|
(.04)
|
-
|
||
Distributions from net realized gain
|
(.13)
|
-
|
||
Total distributions
|
(.17)
|
-
|
||
Net asset value, end of period
|
$
|
21.34
|
$
|
20.36
|
Total Return E,F,G
|
5.69 % |
(3.51)%
|
||
Ratios to Average Net Assets C,H,I
|
||||
Expenses before reductions
|
1.51% J
|
1.31% J,K
|
||
Expenses net of fee waivers, if any
|
1.44 % J |
1.31% J,K
|
||
Expenses net of all reductions, if any
|
1.44% J
|
1.31% J,K
|
||
Net investment income (loss)
|
.55% J
|
(1.07)% J,K
|
||
Supplemental Data
|
||||
Net assets, end of period (000 omitted)
|
$
|
18,809
|
$
|
16,568
|
Portfolio turnover rate L
|
12 % J |
29% M
|
Fidelity Advisor® Global Equity Income Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024 A
|
|||
Selected Per-Share Data
|
||||
Net asset value, beginning of period
|
$
|
20.35
|
$
|
21.10
|
Income from Investment Operations
|
||||
Net investment income (loss) B,C
|
.01
|
(.01)
|
||
Net realized and unrealized gain (loss)
|
1.08
|
(.74) D
|
||
Total from investment operations
|
1.09
|
(.75)
|
||
Distributions from net investment income
|
(.02)
|
-
|
||
Distributions from net realized gain
|
(.13)
|
-
|
||
Total distributions
|
(.15)
|
-
|
||
Net asset value, end of period
|
$
|
21.29
|
$
|
20.35
|
Total Return E,F,G
|
5.39 % |
(3.55)%
|
||
Ratios to Average Net Assets C,H,I
|
||||
Expenses before reductions
|
2.02% J
|
1.81% J,K
|
||
Expenses net of fee waivers, if any
|
1.94 % J |
1.80% J,K
|
||
Expenses net of all reductions, if any
|
1.94% J
|
1.80% J,K
|
||
Net investment income (loss)
|
.05% J
|
(1.57)% J,K
|
||
Supplemental Data
|
||||
Net assets, end of period (000 omitted)
|
$
|
4,402
|
$
|
4,953
|
Portfolio turnover rate L
|
12 % J |
29% M
|
Fidelity® Global Equity Income Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.36
|
$
|
16.19
|
$
|
15.58
|
$
|
19.80
|
$
|
15.12
|
$
|
14.64
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.11
|
.22
|
.22
|
.20
|
.15
|
.16
|
||||||
Net realized and unrealized gain (loss)
|
1.00
|
4.17
|
.62
|
(2.21)
|
5.07
|
.48
|
||||||
Total from investment operations
|
1.11
|
4.39
|
.84
|
(2.01)
|
5.22
|
.64
|
||||||
Distributions from net investment income
|
-
|
(.22)
|
(.23)
|
(.17)
|
(.16)
|
(.15)
|
||||||
Distributions from net realized gain
|
(.13)
|
-
|
-
|
(2.04)
|
(.38)
|
(.01)
|
||||||
Total distributions
|
(.13)
|
(.22)
|
(.23)
|
(2.21)
|
(.54)
|
(.16)
|
||||||
Net asset value, end of period
|
$
|
21.34
|
$
|
20.36
|
$
|
16.19
|
$
|
15.58
|
$
|
19.80
|
$
|
15.12
|
Total Return C,D
|
5.97 % |
27.18%
|
5.36%
|
(11.45)%
|
35.09%
|
4.44%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.97% G
|
.93%
|
1.00%
|
.98%
|
1.02%
|
1.09%
|
||||||
Expenses net of fee waivers, if any
|
.90 % G |
.92%
|
1.00%
|
.98%
|
1.02%
|
1.09%
|
||||||
Expenses net of all reductions, if any
|
.90% G
|
.92%
|
1.00%
|
.98%
|
1.02%
|
1.09%
|
||||||
Net investment income (loss)
|
1.09% G
|
1.15%
|
1.33%
|
1.22%
|
.84%
|
1.08%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
201,173
|
$
|
166,803
|
$
|
147,940
|
$
|
139,355
|
$
|
92,918
|
$
|
66,715
|
Portfolio turnover rate H
|
12 % G |
29% I
|
30%
|
61%
|
43%
|
48%
|
Fidelity Advisor® Global Equity Income Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024 A
|
|||
Selected Per-Share Data
|
||||
Net asset value, beginning of period
|
$
|
20.36
|
$
|
21.10
|
Income from Investment Operations
|
||||
Net investment income (loss) B,C
|
.11
|
- D
|
||
Net realized and unrealized gain (loss)
|
1.09
|
(.74) E
|
||
Total from investment operations
|
1.20
|
(.74)
|
||
Distributions from net investment income
|
(.09)
|
-
|
||
Distributions from net realized gain
|
(.13)
|
-
|
||
Total distributions
|
(.22)
|
-
|
||
Net asset value, end of period
|
$
|
21.34
|
$
|
20.36
|
Total Return F,G
|
5.94 % |
(3.51)%
|
||
Ratios to Average Net Assets C,H,I
|
||||
Expenses before reductions
|
1.00% J
|
.80% J,K
|
||
Expenses net of fee waivers, if any
|
.93 % J |
.80% J,K
|
||
Expenses net of all reductions, if any
|
.93% J
|
.80% J,K
|
||
Net investment income (loss)
|
1.06% J
|
(.57)% J,K
|
||
Supplemental Data
|
||||
Net assets, end of period (000 omitted)
|
$
|
16,597
|
$
|
14,026
|
Portfolio turnover rate L
|
12 % J |
29% M
|
Fidelity Advisor® Global Equity Income Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024 A
|
|||
Selected Per-Share Data
|
||||
Net asset value, beginning of period
|
$
|
20.36
|
$
|
21.10
|
Income from Investment Operations
|
||||
Net investment income (loss) B,C
|
.12
|
- D
|
||
Net realized and unrealized gain (loss)
|
1.10
|
(.74) E
|
||
Total from investment operations
|
1.22
|
(.74)
|
||
Distributions from net investment income
|
(.10)
|
-
|
||
Distributions from net realized gain
|
(.13)
|
-
|
||
Total distributions
|
(.23)
|
-
|
||
Net asset value, end of period
|
$
|
21.35
|
$
|
20.36
|
Total Return F,G
|
6.04 % |
(3.51)%
|
||
Ratios to Average Net Assets C,H,I
|
||||
Expenses before reductions
|
.87% J
|
.64% J,K
|
||
Expenses net of fee waivers, if any
|
.80 % J |
.64% J,K
|
||
Expenses net of all reductions, if any
|
.80% J
|
.64% J,K
|
||
Net investment income (loss)
|
1.19% J
|
(.41)% J,K
|
||
Supplemental Data
|
||||
Net assets, end of period (000 omitted)
|
$
|
26,951
|
$
|
30,944
|
Portfolio turnover rate L
|
12 % J |
29% M
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$99,765,890
|
Gross unrealized depreciation
|
(9,300,683)
|
Net unrealized appreciation (depreciation)
|
$90,465,207
|
Tax cost
|
$201,588,724
|
Short-term
|
$(5,856,214)
|
Long-term
|
-
|
Total capital loss carryforward
|
$(5,856,214)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Global Equity Income Fund
|
40,502,872
|
15,808,348
|
Maximum Management Fee Rate %
|
|
Class A
|
.88
|
Class M
|
.86
|
Class C
|
.88
|
Fidelity Global Equity Income Fund
|
.86
|
Class I
|
.85
|
Class Z
|
.72
|
Total Management Fee Rate %
|
|
Class A
|
.87
|
Class M
|
.86
|
Class C
|
.87
|
Fidelity Global Equity Income Fund
|
.82
|
Class I
|
.85
|
Class Z
|
.72
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
30,973
|
1,234
|
Class M
|
.25%
|
.25%
|
43,680
|
835
|
Class C
|
.75%
|
.25%
|
23,626
|
2,577
|
98,279
|
4,646
|
Retained by FDC ($)
|
|
Class A
|
6,919
|
Class CA
|
33
|
6,952
|
Amount ($)
|
|
Fidelity Global Equity Income Fund
|
174
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Global Equity Income Fund
|
7,463,986
|
1,370,884
|
13,744
|
Amount ($)
|
|
Fidelity Global Equity Income Fund
|
206
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Global Equity Income Fund
|
105
|
-
|
-
|
Expense Limitations
|
Reimbursement ($)
|
|
Class A
|
1.30%
|
-
|
Class M
|
1.55%
|
-
|
Class C
|
2.05%
|
-
|
Fidelity Global Equity Income Fund
|
.90%
|
4,640
|
Class I
|
1.05%
|
-
|
Class Z
|
.90%
|
-
|
4,640
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024A
|
|
Fidelity Global Equity Income Fund
|
||
Distributions to shareholders
|
||
Class A
|
$224,606
|
$ -
|
Class M
|
139,880
|
-
|
Class C
|
35,015
|
-
|
Fidelity Global Equity Income Fund
|
1,998,326
|
1,803,376
|
Class I
|
177,737
|
-
|
Class Z
|
306,690
|
-
|
Total
|
$2,882,254
|
$1,803,376
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Global Equity Income Fund
|
||||
Class A
|
||||
Shares sold
|
137,900
|
13,802
|
$2,869,385
|
$287,423
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
1,194,022
|
-
|
24,716,232
|
Reinvestment of distributions
|
11,037
|
-
|
224,402
|
-
|
Shares redeemed
|
(185,192)
|
(9,300)
|
(3,853,360)
|
(192,220)
|
Net increase (decrease)
|
(36,255)
|
1,198,524
|
$(759,573)
|
$24,811,435
|
Class M
|
||||
Shares sold
|
148,215
|
21,406
|
$3,116,946
|
$444,749
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
810,080
|
-
|
16,768,677
|
Reinvestment of distributions
|
6,872
|
-
|
139,880
|
-
|
Shares redeemed
|
(87,379)
|
(17,770)
|
(1,794,580)
|
(367,978)
|
Net increase (decrease)
|
67,708
|
813,716
|
$1,462,246
|
$16,845,448
|
Class C
|
||||
Shares sold
|
9,150
|
4,787
|
$192,618
|
$100,926
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
238,738
|
-
|
4,939,487
|
Reinvestment of distributions
|
1,726
|
-
|
35,015
|
-
|
Shares redeemed
|
(47,554)
|
(142)
|
(988,139)
|
(2,945)
|
Net increase (decrease)
|
(36,678)
|
243,383
|
$(760,506)
|
$5,037,468
|
Fidelity Global Equity Income Fund
|
||||
Shares sold
|
2,254,985
|
1,679,995
|
$47,193,939
|
$32,230,191
|
Reinvestment of distributions
|
87,882
|
82,061
|
1,776,678
|
1,584,378
|
Shares redeemed
|
(1,109,256)
|
(2,706,097)
|
(22,931,660)
|
(50,277,215)
|
Net increase (decrease)
|
1,233,611
|
(944,041)
|
$26,038,957
|
$(16,462,646)
|
Class I
|
||||
Shares sold
|
253,215
|
4,818
|
$5,311,967
|
$101,465
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
685,565
|
-
|
14,191,192
|
Reinvestment of distributions
|
8,477
|
-
|
171,794
|
-
|
Shares redeemed
|
(172,943)
|
(1,531)
|
(3,620,293)
|
(31,412)
|
Net increase (decrease)
|
88,749
|
688,852
|
$1,863,468
|
$14,261,245
|
Class Z
|
||||
Shares sold
|
117,424
|
11,434
|
$2,447,637
|
$238,032
|
Issued in exchange for the shares of the Acquired Fund(s)
|
-
|
1,515,595
|
-
|
31,372,832
|
Reinvestment of distributions
|
14,318
|
-
|
289,828
|
-
|
Shares redeemed
|
(389,032)
|
(7,340)
|
(8,101,407)
|
(151,036)
|
Net increase (decrease)
|
(257,290)
|
1,519,689
|
$(5,363,942)
|
$31,459,828
|
Acquired Fund and Share Class
|
Investments $
|
Unrealized appreciation (depreciation) $
|
Net Assets $
|
Shares Exchanged
|
Shares Exchanged Ratio
|
Fidelity Advisor Global Equity Income Fund
|
91,300,657
|
28,301,146
|
|||
Class A
|
24,716,232
|
1,194,022
|
1.0649033816
|
||
Class M
|
16,768,677
|
810,080
|
1.0640193237
|
||
Class C
|
4,939,487
|
238,738
|
1.0519091348
|
||
Class I
|
14,191,192
|
685,565
|
1.0661111111
|
||
Class Z
|
31,372,832
|
1,515,595
|
1.0742801932
|
Acquiring Fund
|
Net Assets $
|
Total net assets after the acquisition $
|
Fidelity Global Equity Income Fund
|
169,611,375
|
261,599,795
|
Net investment income (loss)
|
$2,998,559
|
Total net realized gain (loss)
|
7,713,721
|
Total change in net unrealized appreciation (depreciation)
|
50,804,014
|
Net increase (decrease) in net assets resulting from operations
|
$61,516,294
|
![]() |
Contents
Common Stocks - 98.3%
|
|||
Shares
|
Value ($)
|
||
BRAZIL - 1.6%
|
|||
Consumer Discretionary - 1.6%
|
|||
Broadline Retail - 1.6%
|
|||
MercadoLibre Inc (a)
|
11,313
|
26,368,906
|
|
CANADA - 7.0%
|
|||
Financials - 1.6%
|
|||
Capital Markets - 1.6%
|
|||
Brookfield Asset Management Ltd Class A (United States) (b)
|
501,687
|
26,754,968
|
|
Industrials - 1.3%
|
|||
Professional Services - 1.3%
|
|||
Thomson Reuters Corp
|
120,405
|
22,404,972
|
|
Information Technology - 4.1%
|
|||
IT Services - 2.2%
|
|||
Shopify Inc Class A (United States) (a)
|
369,850
|
35,135,750
|
|
Software - 1.9%
|
|||
Constellation Software Inc/Canada
|
9,009
|
32,467,623
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(c)
|
9,222
|
1
|
|
32,467,624
|
|||
TOTAL INFORMATION TECHNOLOGY
|
67,603,374
|
||
TOTAL CANADA
|
116,763,314
|
||
CHINA - 3.1%
|
|||
Communication Services - 3.0%
|
|||
Interactive Media & Services - 3.0%
|
|||
Tencent Holdings Ltd
|
807,993
|
49,490,342
|
|
Consumer Discretionary - 0.1%
|
|||
Hotels, Restaurants & Leisure - 0.1%
|
|||
Trip.com Group Ltd ADR
|
47,117
|
2,779,432
|
|
TOTAL CHINA
|
52,269,774
|
||
DENMARK - 1.7%
|
|||
Industrials - 1.7%
|
|||
Air Freight & Logistics - 1.7%
|
|||
DSV A/S
|
136,046
|
28,836,296
|
|
FRANCE - 8.6%
|
|||
Consumer Discretionary - 1.8%
|
|||
Textiles, Apparel & Luxury Goods - 1.8%
|
|||
Hermes International SCA
|
10,872
|
29,448,381
|
|
Health Care - 1.4%
|
|||
Health Care Equipment & Supplies - 1.4%
|
|||
EssilorLuxottica SA
|
86,484
|
24,757,878
|
|
Industrials - 3.6%
|
|||
Aerospace & Defense - 1.9%
|
|||
Safran SA
|
116,465
|
30,993,618
|
|
Building Products - 1.7%
|
|||
Cie de Saint-Gobain SA
|
263,636
|
28,661,983
|
|
TOTAL INDUSTRIALS
|
59,655,601
|
||
Materials - 1.8%
|
|||
Chemicals - 1.8%
|
|||
Air Liquide SA
|
143,325
|
29,450,164
|
|
TOTAL FRANCE
|
143,312,024
|
||
GERMANY - 12.3%
|
|||
Communication Services - 1.8%
|
|||
Diversified Telecommunication Services - 1.8%
|
|||
Deutsche Telekom AG
|
889,117
|
31,934,881
|
|
Financials - 3.4%
|
|||
Capital Markets - 1.5%
|
|||
Deutsche Boerse AG
|
80,244
|
25,846,103
|
|
Insurance - 1.9%
|
|||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a)
|
44,119
|
30,204,281
|
|
TOTAL FINANCIALS
|
56,050,384
|
||
Industrials - 2.6%
|
|||
Aerospace & Defense - 0.7%
|
|||
MTU Aero Engines AG
|
36,158
|
12,448,227
|
|
Electrical Equipment - 1.9%
|
|||
Siemens Energy AG (a)
|
394,210
|
30,426,580
|
|
TOTAL INDUSTRIALS
|
42,874,807
|
||
Information Technology - 2.5%
|
|||
Software - 2.5%
|
|||
SAP SE
|
144,677
|
42,330,847
|
|
Materials - 2.0%
|
|||
Construction Materials - 2.0%
|
|||
Heidelberg Materials AG
|
165,845
|
32,737,656
|
|
TOTAL GERMANY
|
205,928,575
|
||
INDIA - 7.0%
|
|||
Communication Services - 1.8%
|
|||
Wireless Telecommunication Services - 1.8%
|
|||
Bharti Airtel Ltd
|
1,334,091
|
29,387,799
|
|
Financials - 3.7%
|
|||
Banks - 3.7%
|
|||
HDFC Bank Ltd
|
1,397,021
|
31,688,832
|
|
ICICI Bank Ltd
|
1,834,169
|
30,789,247
|
|
62,478,079
|
|||
Industrials - 1.5%
|
|||
Construction & Engineering - 1.5%
|
|||
Larsen & Toubro Ltd
|
628,471
|
24,842,783
|
|
TOTAL INDIA
|
116,708,661
|
||
ISRAEL - 0.8%
|
|||
Financials - 0.8%
|
|||
Banks - 0.8%
|
|||
Bank Hapoalim BM
|
951,800
|
13,940,709
|
|
ITALY - 1.2%
|
|||
Consumer Discretionary - 1.2%
|
|||
Automobiles - 1.2%
|
|||
Ferrari NV (Italy)
|
44,226
|
20,120,731
|
|
JAPAN - 6.0%
|
|||
Consumer Discretionary - 1.9%
|
|||
Household Durables - 1.9%
|
|||
Sony Group Corp
|
1,241,637
|
32,757,857
|
|
Industrials - 4.1%
|
|||
Industrial Conglomerates - 2.1%
|
|||
Hitachi Ltd
|
1,430,358
|
35,352,035
|
|
Machinery - 2.0%
|
|||
Mitsubishi Heavy Industries Ltd
|
1,664,044
|
32,803,045
|
|
TOTAL INDUSTRIALS
|
68,155,080
|
||
TOTAL JAPAN
|
100,912,937
|
||
NETHERLANDS - 5.4%
|
|||
Industrials - 1.7%
|
|||
Professional Services - 1.7%
|
|||
Wolters Kluwer NV
|
164,378
|
28,947,218
|
|
Information Technology - 3.7%
|
|||
Semiconductors & Semiconductor Equipment - 3.7%
|
|||
ASM International NV
|
50,521
|
24,341,074
|
|
ASML Holding NV
|
55,778
|
36,807,072
|
|
61,148,146
|
|||
TOTAL NETHERLANDS
|
90,095,364
|
||
SPAIN - 1.4%
|
|||
Industrials - 1.3%
|
|||
Transportation Infrastructure - 1.3%
|
|||
Aena SME SA (d)(e)
|
84,600
|
21,218,779
|
|
Utilities - 0.1%
|
|||
Electric Utilities - 0.1%
|
|||
Iberdrola SA
|
131,000
|
2,361,388
|
|
TOTAL SPAIN
|
23,580,167
|
||
SWEDEN - 0.6%
|
|||
Industrials - 0.6%
|
|||
Machinery - 0.6%
|
|||
Atlas Copco AB A Shares
|
621,951
|
9,642,476
|
|
SWITZERLAND - 4.9%
|
|||
Financials - 4.9%
|
|||
Capital Markets - 3.2%
|
|||
Partners Group Holding AG
|
18,077
|
23,555,841
|
|
UBS Group AG
|
976,340
|
29,443,391
|
|
52,999,232
|
|||
Insurance - 1.7%
|
|||
Zurich Insurance Group AG
|
41,286
|
29,282,956
|
|
TOTAL SWITZERLAND
|
82,282,188
|
||
TAIWAN - 4.2%
|
|||
Information Technology - 4.2%
|
|||
Semiconductors & Semiconductor Equipment - 4.2%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
2,466,502
|
69,747,665
|
|
UNITED KINGDOM - 8.5%
|
|||
Consumer Discretionary - 1.3%
|
|||
Hotels, Restaurants & Leisure - 1.3%
|
|||
InterContinental Hotels Group PLC
|
212,454
|
22,670,946
|
|
Financials - 3.3%
|
|||
Capital Markets - 3.3%
|
|||
3i Group PLC
|
523,713
|
29,689,835
|
|
London Stock Exchange Group PLC
|
165,564
|
25,780,223
|
|
55,470,058
|
|||
Industrials - 3.9%
|
|||
Aerospace & Defense - 2.1%
|
|||
Rolls-Royce Holdings PLC
|
3,415,712
|
34,575,458
|
|
Professional Services - 1.8%
|
|||
RELX PLC
|
549,288
|
29,977,475
|
|
TOTAL INDUSTRIALS
|
64,552,933
|
||
TOTAL UNITED KINGDOM
|
142,693,937
|
||
UNITED STATES - 24.0%
|
|||
Communication Services - 1.9%
|
|||
Entertainment - 1.9%
|
|||
Spotify Technology SA (a)
|
52,587
|
32,287,366
|
|
Financials - 8.3%
|
|||
Capital Markets - 2.6%
|
|||
Moody's Corp
|
47,511
|
21,528,184
|
|
S&P Global Inc
|
43,988
|
21,996,200
|
|
43,524,384
|
|||
Financial Services - 3.0%
|
|||
Mastercard Inc Class A
|
43,846
|
24,030,238
|
|
Visa Inc Class A
|
72,079
|
24,903,295
|
|
48,933,533
|
|||
Insurance - 2.7%
|
|||
Arthur J Gallagher & Co
|
70,354
|
22,561,825
|
|
Marsh & McLennan Cos Inc
|
95,958
|
21,635,650
|
|
44,197,475
|
|||
TOTAL FINANCIALS
|
136,655,392
|
||
Industrials - 7.9%
|
|||
Building Products - 1.5%
|
|||
Trane Technologies PLC
|
65,782
|
25,214,898
|
|
Commercial Services & Supplies - 1.3%
|
|||
Waste Connections Inc
|
109,403
|
21,606,815
|
|
Construction & Engineering - 1.5%
|
|||
Ferrovial SE
|
528,600
|
25,677,595
|
|
Electrical Equipment - 2.1%
|
|||
Schneider Electric SE
|
147,487
|
34,459,716
|
|
Professional Services - 1.5%
|
|||
Experian PLC
|
490,919
|
24,423,729
|
|
TOTAL INDUSTRIALS
|
131,382,753
|
||
Information Technology - 3.1%
|
|||
Semiconductors & Semiconductor Equipment - 1.7%
|
|||
Broadcom Inc
|
148,199
|
28,523,862
|
|
Software - 1.4%
|
|||
Synopsys Inc (a)
|
50,688
|
23,266,298
|
|
TOTAL INFORMATION TECHNOLOGY
|
51,790,160
|
||
Materials - 2.8%
|
|||
Chemicals - 1.2%
|
|||
Linde PLC
|
46,291
|
20,980,470
|
|
Construction Materials - 1.6%
|
|||
Holcim AG
|
235,370
|
26,302,123
|
|
TOTAL MATERIALS
|
47,282,593
|
||
TOTAL UNITED STATES
|
399,398,264
|
||
TOTAL COMMON STOCKS
(Cost $1,184,432,911)
|
1,642,601,988
|
||
Money Market Funds - 0.9%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (f)
|
4.33
|
16,379,724
|
16,383,000
|
|
Fidelity Securities Lending Cash Central Fund (f)(g)
|
4.33
|
203,205
|
203,225
|
|
TOTAL MONEY MARKET FUNDS
(Cost $16,586,225)
|
16,586,225
|
|||
TOTAL INVESTMENT IN SECURITIES - 99.2%
(Cost $1,201,019,136)
|
1,659,188,213
|
NET OTHER ASSETS (LIABILITIES) - 0.8%
|
12,623,548
|
NET ASSETS - 100.0%
|
1,671,811,761
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
Level 3 security
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $21,218,779 or 1.3% of net assets.
|
(e)
|
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 $21,218,779 or 1.3% of net assets.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(g)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
-
|
326,431,652
|
310,048,652
|
282,114
|
-
|
-
|
16,383,000
|
16,379,724
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
28,492,200
|
74,113,253
|
102,402,228
|
8,305
|
-
|
-
|
203,225
|
203,205
|
0.0%
|
Total
|
28,492,200
|
400,544,905
|
412,450,880
|
290,419
|
-
|
-
|
16,586,225
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
143,100,388
|
32,287,366
|
110,813,022
|
-
|
Consumer Discretionary
|
134,146,253
|
78,717,450
|
55,428,803
|
-
|
Financials
|
433,631,778
|
230,350,301
|
203,281,477
|
-
|
Health Care
|
24,757,878
|
24,757,878
|
-
|
-
|
Industrials
|
502,513,698
|
167,160,980
|
335,352,718
|
-
|
Information Technology
|
292,620,192
|
180,541,679
|
112,078,512
|
1
|
Materials
|
109,470,413
|
53,718,126
|
55,752,287
|
-
|
Utilities
|
2,361,388
|
-
|
2,361,388
|
-
|
Money Market Funds
|
16,586,225
|
16,586,225
|
-
|
-
|
Total Investments in Securities:
|
1,659,188,213
|
784,120,005
|
875,068,207
|
1
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $197,054) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $1,184,432,911)
|
$
|
1,642,601,988
|
||
Fidelity Central Funds (cost $16,586,225)
|
16,586,225
|
|||
Total Investment in Securities (cost $1,201,019,136)
|
$
|
1,659,188,213
|
||
Foreign currency held at value (cost $1,882,567)
|
1,884,061
|
|||
Receivable for investments sold
|
19,505,567
|
|||
Receivable for fund shares sold
|
1,185,045
|
|||
Dividends receivable
|
1,875,981
|
|||
Reclaims receivable
|
2,977,276
|
|||
Distributions receivable from Fidelity Central Funds
|
46,422
|
|||
Other receivables
|
24,784
|
|||
Total assets
|
1,686,687,349
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
8,230,802
|
||
Payable for fund shares redeemed
|
1,008,604
|
|||
Accrued management fee
|
853,196
|
|||
Deferred taxes
|
4,549,620
|
|||
Other payables and accrued expenses
|
30,141
|
|||
Collateral on securities loaned
|
203,225
|
|||
Total liabilities
|
14,875,588
|
|||
Net Assets
|
$
|
1,671,811,761
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
1,191,133,050
|
||
Total accumulated earnings (loss)
|
480,678,711
|
|||
Net Assets
|
$
|
1,671,811,761
|
||
Net Asset Value, offering price and redemption price per share ($1,671,811,761 ÷ 96,722,508 shares)
|
$
|
17.28
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
8,840,741
|
||
Foreign Tax Reclaims
|
1,250,224
|
|||
Income from Fidelity Central Funds (including $8,305 from security lending)
|
290,419
|
|||
Income before foreign taxes withheld
|
$
|
10,381,384
|
||
Less foreign taxes withheld
|
(1,198,830)
|
|||
Total income
|
9,182,554
|
|||
Expenses
|
||||
Management fee
|
$
|
5,258,190
|
||
Independent trustees' fees and expenses
|
3,555
|
|||
Interest
|
37,199
|
|||
Total expenses before reductions
|
5,298,944
|
|||
Expense reductions
|
(707)
|
|||
Total expenses after reductions
|
5,298,237
|
|||
Net Investment income (loss)
|
3,884,317
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $445,626)
|
32,963,181
|
|||
Foreign currency transactions
|
310,063
|
|||
Total net realized gain (loss)
|
33,273,244
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $577,368)
|
51,602,487
|
|||
Assets and liabilities in foreign currencies
|
246,137
|
|||
Total change in net unrealized appreciation (depreciation)
|
51,848,624
|
|||
Net gain (loss)
|
85,121,868
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
89,006,185
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
3,884,317
|
$
|
10,703,959
|
Net realized gain (loss)
|
33,273,244
|
89,865,881
|
||
Change in net unrealized appreciation (depreciation)
|
51,848,624
|
261,153,684
|
||
Net increase (decrease) in net assets resulting from operations
|
89,006,185
|
361,723,524
|
||
Distributions to shareholders
|
(45,040,106)
|
(5,644,723)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
265,908,136
|
853,341,623
|
||
Reinvestment of distributions
|
44,942,135
|
5,644,723
|
||
Cost of shares redeemed
|
(303,638,022)
|
(686,774,012)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
7,212,249
|
172,212,334
|
||
Total increase (decrease) in net assets
|
51,178,328
|
528,291,135
|
||
Net Assets
|
||||
Beginning of period
|
1,620,633,433
|
1,092,342,298
|
||
End of period
|
$
|
1,671,811,761
|
$
|
1,620,633,433
|
Other Information
|
||||
Shares
|
||||
Sold
|
15,900,160
|
53,488,845
|
||
Issued in reinvestment of distributions
|
2,687,927
|
386,361
|
||
Redeemed
|
(18,168,674)
|
(41,290,018)
|
||
Net increase (decrease)
|
419,413
|
12,585,188
|
||
Fidelity® International Capital Appreciation K6 Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
16.83
|
$
|
13.05
|
$
|
11.29
|
$
|
17.82
|
$
|
13.99
|
$
|
12.40
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.04
|
.11
|
.08
|
.06
|
.05
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
.88
|
3.74
|
1.73
|
(5.14)
|
3.85
|
1.62
|
||||||
Total from investment operations
|
.92
|
3.85
|
1.81
|
(5.08)
|
3.90
|
1.70
|
||||||
Distributions from net investment income
|
(.17)
|
(.07)
|
(.05)
|
(.04)
|
(.07)
|
(.11)
|
||||||
Distributions from net realized gain
|
(.31)
|
-
|
-
|
(1.41)
|
-
|
-
|
||||||
Total distributions
|
(.47) C
|
(.07)
|
(.05)
|
(1.45)
|
(.07)
|
(.11)
|
||||||
Net asset value, end of period
|
$
|
17.28
|
$
|
16.83
|
$
|
13.05
|
$
|
11.29
|
$
|
17.82
|
$
|
13.99
|
Total Return D,E
|
5.58 % |
29.54%
|
16.02%
|
(30.83)%
|
27.93%
|
13.82%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.65% H
|
.66%
|
.65%
|
.65%
|
.65%
|
.65%
|
||||||
Expenses net of fee waivers, if any
|
.65 % H |
.66%
|
.65%
|
.65%
|
.65%
|
.65%
|
||||||
Expenses net of all reductions, if any
|
.65% H
|
.66%
|
.65%
|
.65%
|
.65%
|
.61%
|
||||||
Net investment income (loss)
|
.48% H
|
.66%
|
.59%
|
.44%
|
.29%
|
.62%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,671,812
|
$
|
1,620,633
|
$
|
1,092,342
|
$
|
763,118
|
$
|
923,233
|
$
|
760,960
|
Portfolio turnover rate I
|
96 % H |
84%
|
78%
|
119% J
|
149%
|
138%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$460,308,597
|
Gross unrealized depreciation
|
(10,550,887)
|
Net unrealized appreciation (depreciation)
|
$449,757,710
|
Tax cost
|
$1,209,430,503
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Capital Appreciation K6 Fund
|
772,003,672
|
811,883,932
|
Amount ($)
|
|
Fidelity International Capital Appreciation K6 Fund
|
541
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity International Capital Appreciation K6 Fund
|
Borrower
|
9,721,033
|
4.59%
|
37,199
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Capital Appreciation K6 Fund
|
45,181,755
|
58,673,378
|
5,327,014
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Capital Appreciation K6 Fund
|
784
|
-
|
-
|
![]() |
Contents
Common Stocks - 91.5%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 2.2%
|
|||
Energy - 0.3%
|
|||
Oil, Gas & Consumable Fuels - 0.3%
|
|||
Whitehaven Coal Ltd
|
1,135,000
|
3,630,565
|
|
Financials - 0.9%
|
|||
Insurance - 0.9%
|
|||
Steadfast Group Ltd
|
3,356,460
|
12,613,122
|
|
Materials - 1.0%
|
|||
Metals & Mining - 1.0%
|
|||
Imdex Ltd
|
6,980,074
|
13,204,871
|
|
TOTAL AUSTRALIA
|
29,448,558
|
||
BAILIWICK OF JERSEY - 0.7%
|
|||
Financials - 0.7%
|
|||
Capital Markets - 0.7%
|
|||
JTC PLC (a)(b)
|
900,000
|
10,003,246
|
|
BELGIUM - 2.6%
|
|||
Financials - 2.1%
|
|||
Banks - 2.1%
|
|||
KBC Ancora
|
424,745
|
27,715,529
|
|
Industrials - 0.5%
|
|||
Trading Companies & Distributors - 0.5%
|
|||
Azelis Group NV
|
420,600
|
6,499,142
|
|
TOTAL BELGIUM
|
34,214,671
|
||
CANADA - 4.0%
|
|||
Energy - 0.3%
|
|||
Energy Equipment & Services - 0.3%
|
|||
McCoy Global Inc
|
47,215
|
116,102
|
|
Pason Systems Inc (c)
|
547,900
|
4,363,806
|
|
4,479,908
|
|||
Industrials - 1.6%
|
|||
Aerospace & Defense - 0.2%
|
|||
CAE Inc (d)
|
110,600
|
2,767,006
|
|
Trading Companies & Distributors - 1.4%
|
|||
Richelieu Hardware Ltd (c)
|
746,706
|
17,662,906
|
|
TOTAL INDUSTRIALS
|
20,429,912
|
||
Information Technology - 0.7%
|
|||
Software - 0.7%
|
|||
Lumine Group Inc Subordinate Voting Shares (b)(d)
|
285,000
|
9,214,021
|
|
Materials - 1.4%
|
|||
Metals & Mining - 1.4%
|
|||
Osisko Gold Royalties Ltd
|
792,100
|
18,983,740
|
|
TOTAL CANADA
|
53,107,581
|
||
CHINA - 0.3%
|
|||
Consumer Staples - 0.3%
|
|||
Personal Care Products - 0.3%
|
|||
Chlitina Holding Ltd
|
1,048,842
|
3,731,314
|
|
EGYPT - 0.0%
|
|||
Health Care - 0.0%
|
|||
Health Care Providers & Services - 0.0%
|
|||
Integrated Diagnostics Holdings PLC (a)(b)(d)
|
5,696,716
|
1,971,064
|
|
FRANCE - 2.5%
|
|||
Consumer Staples - 0.2%
|
|||
Beverages - 0.2%
|
|||
Laurent-Perrier
|
39,132
|
4,300,076
|
|
Health Care - 0.8%
|
|||
Pharmaceuticals - 0.8%
|
|||
Vetoquinol SA
|
121,442
|
10,235,622
|
|
Industrials - 0.6%
|
|||
Aerospace & Defense - 0.6%
|
|||
LISI SA
|
254,584
|
7,974,412
|
|
Information Technology - 0.9%
|
|||
Software - 0.9%
|
|||
Lectra
|
450,006
|
11,597,707
|
|
TOTAL FRANCE
|
34,107,817
|
||
GERMANY - 5.5%
|
|||
Communication Services - 3.9%
|
|||
Entertainment - 2.7%
|
|||
CTS Eventim AG & Co KGaA
|
305,392
|
35,910,993
|
|
Interactive Media & Services - 1.2%
|
|||
Scout24 SE (a)(b)
|
135,700
|
16,095,295
|
|
TOTAL COMMUNICATION SERVICES
|
52,006,288
|
||
Industrials - 1.6%
|
|||
Aerospace & Defense - 1.4%
|
|||
Rheinmetall AG
|
11,200
|
19,074,190
|
|
Machinery - 0.2%
|
|||
Stabilus SE
|
89,195
|
2,455,383
|
|
TOTAL INDUSTRIALS
|
21,529,573
|
||
TOTAL GERMANY
|
73,535,861
|
||
GREECE - 0.3%
|
|||
Industrials - 0.3%
|
|||
Transportation Infrastructure - 0.3%
|
|||
Athens International Airport SA
|
388,700
|
4,024,697
|
|
IRELAND - 2.0%
|
|||
Consumer Discretionary - 0.4%
|
|||
Household Durables - 0.4%
|
|||
Cairn Homes PLC
|
2,335,691
|
5,129,854
|
|
Industrials - 1.1%
|
|||
Trading Companies & Distributors - 1.1%
|
|||
AerCap Holdings NV
|
140,200
|
14,861,200
|
|
Real Estate - 0.5%
|
|||
Residential REITs - 0.5%
|
|||
Irish Residential Properties Reit PLC
|
5,454,557
|
6,302,779
|
|
TOTAL IRELAND
|
26,293,833
|
||
ISRAEL - 1.7%
|
|||
Financials - 0.6%
|
|||
Capital Markets - 0.6%
|
|||
Tel Aviv Stock Exchange Ltd
|
665,296
|
8,166,629
|
|
Information Technology - 1.1%
|
|||
Communications Equipment - 1.1%
|
|||
Ituran Location and Control Ltd
|
402,877
|
14,479,400
|
|
TOTAL ISRAEL
|
22,646,029
|
||
ITALY - 2.1%
|
|||
Industrials - 2.1%
|
|||
Machinery - 2.1%
|
|||
Interpump Group SpA
|
812,640
|
27,691,625
|
|
JAPAN - 26.5%
|
|||
Communication Services - 0.2%
|
|||
Entertainment - 0.2%
|
|||
Daiichikosho Co Ltd
|
258,100
|
3,012,790
|
|
Consumer Discretionary - 5.9%
|
|||
Automobile Components - 0.1%
|
|||
Shoei Co Ltd
|
186,604
|
2,182,137
|
|
Distributors - 0.4%
|
|||
Central Automotive Products Ltd
|
469,500
|
5,562,547
|
|
Diversified Consumer Services - 0.4%
|
|||
Aucnet Inc
|
563,954
|
4,875,137
|
|
Hotels, Restaurants & Leisure - 3.6%
|
|||
Curves Holdings Co Ltd
|
2,807,078
|
13,468,006
|
|
Gift Holdings Inc (c)
|
345,000
|
8,686,530
|
|
Koshidaka Holdings Co Ltd (c)
|
2,055,775
|
14,564,975
|
|
Monogatari Corp/The (c)
|
438,700
|
11,413,932
|
|
48,133,443
|
|||
Leisure Products - 0.3%
|
|||
Yonex Co Ltd
|
221,000
|
3,607,595
|
|
Specialty Retail - 1.1%
|
|||
USS Co Ltd
|
1,537,130
|
15,362,699
|
|
TOTAL CONSUMER DISCRETIONARY
|
79,723,558
|
||
Consumer Staples - 1.6%
|
|||
Consumer Staples Distribution & Retail - 1.3%
|
|||
Daikokutenbussan Co Ltd (c)
|
117,100
|
6,224,368
|
|
Kusuri no Aoki Holdings Co Ltd
|
243,500
|
5,807,351
|
|
YAKUODO Holdings Co Ltd
|
411,500
|
5,828,000
|
|
17,859,719
|
|||
Food Products - 0.1%
|
|||
Iwatsuka Confectionery Co Ltd
|
37,800
|
888,292
|
|
Personal Care Products - 0.2%
|
|||
Artnature Inc
|
521,000
|
2,904,161
|
|
TOTAL CONSUMER STAPLES
|
21,652,172
|
||
Energy - 0.5%
|
|||
Oil, Gas & Consumable Fuels - 0.5%
|
|||
San-Ai Obbli Co Ltd
|
605,800
|
7,105,375
|
|
Health Care - 2.0%
|
|||
Health Care Equipment & Supplies - 1.6%
|
|||
Medikit Co Ltd
|
291,800
|
5,042,928
|
|
Nagaileben Co Ltd
|
745,427
|
10,974,429
|
|
Paramount Bed Holdings Co Ltd
|
238,520
|
3,835,204
|
|
Techno Medica Co Ltd
|
80,791
|
1,022,742
|
|
20,875,303
|
|||
Health Care Technology - 0.4%
|
|||
Software Service Inc
|
66,400
|
5,856,092
|
|
TOTAL HEALTH CARE
|
26,731,395
|
||
Industrials - 5.2%
|
|||
Commercial Services & Supplies - 1.1%
|
|||
Japan Elevator Service Holdings Co Ltd
|
525,000
|
11,327,634
|
|
Pronexus Inc
|
477,000
|
4,063,407
|
|
15,391,041
|
|||
Construction & Engineering - 1.5%
|
|||
Hibiya Engineering Ltd
|
16,800
|
410,659
|
|
SHO-BOND Holdings Co Ltd
|
559,400
|
20,035,581
|
|
20,446,240
|
|||
Machinery - 2.3%
|
|||
Fujitec Co Ltd
|
347,300
|
13,602,463
|
|
Mitsuboshi Belting Ltd
|
117,580
|
2,939,911
|
|
Moriya Transportation Engineering & Manufacturing Co Ltd
|
151,700
|
2,960,155
|
|
NS Tool Co Ltd
|
648,900
|
3,213,185
|
|
Tocalo Co Ltd
|
608,636
|
6,989,651
|
|
29,705,365
|
|||
Professional Services - 0.3%
|
|||
Funai Soken Holdings Inc
|
224,350
|
3,577,549
|
|
TOTAL INDUSTRIALS
|
69,120,195
|
||
Information Technology - 8.0%
|
|||
Electronic Equipment, Instruments & Components - 3.7%
|
|||
Ai Holdings Corp
|
172,500
|
2,549,255
|
|
Azbil Corp
|
5,348,368
|
46,084,693
|
|
48,633,948
|
|||
IT Services - 2.7%
|
|||
Digital Hearts Holdings Co Ltd
|
231,314
|
1,601,629
|
|
NSD Co Ltd
|
719,949
|
16,913,615
|
|
Obic Co Ltd
|
202,000
|
7,051,210
|
|
TIS Inc
|
319,700
|
9,236,821
|
|
34,803,275
|
|||
Software - 1.6%
|
|||
Broadleaf Co Ltd
|
1,922,198
|
9,303,126
|
|
m-up Holdings Inc
|
357,450
|
4,717,500
|
|
Miroku Jyoho Service Co Ltd
|
261,700
|
3,384,273
|
|
WingArc1st Inc
|
170,100
|
4,532,669
|
|
21,937,568
|
|||
TOTAL INFORMATION TECHNOLOGY
|
105,374,791
|
||
Materials - 2.1%
|
|||
Chemicals - 2.1%
|
|||
Kansai Paint Co Ltd
|
274,100
|
4,121,660
|
|
Nihon Parkerizing Co Ltd
|
1,117,678
|
9,278,807
|
|
SK Kaken Co Ltd
|
235,400
|
14,669,283
|
|
28,069,750
|
|||
Real Estate - 1.0%
|
|||
Real Estate Management & Development - 1.0%
|
|||
Goldcrest Co Ltd (c)
|
610,730
|
13,988,955
|
|
TOTAL JAPAN
|
354,778,981
|
||
KOREA (SOUTH) - 0.4%
|
|||
Consumer Staples - 0.4%
|
|||
Consumer Staples Distribution & Retail - 0.4%
|
|||
BGF retail Co Ltd
|
79,256
|
5,976,740
|
|
NETHERLANDS - 4.7%
|
|||
Industrials - 3.3%
|
|||
Machinery - 2.0%
|
|||
Aalberts NV
|
770,397
|
25,431,767
|
|
Aalberts NV rights (d)(e)
|
769,097
|
984,537
|
|
26,416,304
|
|||
Trading Companies & Distributors - 1.3%
|
|||
IMCD NV
|
130,449
|
17,267,994
|
|
TOTAL INDUSTRIALS
|
43,684,298
|
||
Information Technology - 1.4%
|
|||
Semiconductors & Semiconductor Equipment - 1.4%
|
|||
BE Semiconductor Industries NV (c)
|
175,429
|
18,728,762
|
|
TOTAL NETHERLANDS
|
62,413,060
|
||
NORWAY - 1.8%
|
|||
Health Care - 0.2%
|
|||
Health Care Equipment & Supplies - 0.2%
|
|||
Medistim ASA (d)
|
185,242
|
2,857,848
|
|
Industrials - 1.6%
|
|||
Aerospace & Defense - 1.6%
|
|||
Kongsberg Gruppen ASA
|
130,981
|
21,000,472
|
|
TOTAL NORWAY
|
23,858,320
|
||
PHILIPPINES - 0.5%
|
|||
Industrials - 0.5%
|
|||
Transportation Infrastructure - 0.5%
|
|||
International Container Terminal Services Inc
|
1,020,000
|
6,245,551
|
|
SPAIN - 0.3%
|
|||
Industrials - 0.3%
|
|||
Machinery - 0.3%
|
|||
Fluidra SA
|
154,201
|
3,549,632
|
|
SWEDEN - 14.1%
|
|||
Communication Services - 0.8%
|
|||
Interactive Media & Services - 0.8%
|
|||
Hemnet Group AB (d)
|
313,320
|
10,729,804
|
|
Consumer Discretionary - 0.7%
|
|||
Automobile Components - 0.7%
|
|||
Autoliv Inc
|
98,000
|
9,136,540
|
|
Health Care - 0.4%
|
|||
Life Sciences Tools & Services - 0.4%
|
|||
AddLife AB B Shares
|
301,520
|
5,708,774
|
|
Industrials - 6.6%
|
|||
Aerospace & Defense - 1.0%
|
|||
INVISIO AB
|
328,163
|
13,139,422
|
|
Trading Companies & Distributors - 5.6%
|
|||
AddTech AB B Shares
|
1,848,275
|
62,071,291
|
|
Bergman & Beving AB B Shares
|
417,154
|
12,624,028
|
|
74,695,319
|
|||
TOTAL INDUSTRIALS
|
87,834,741
|
||
Information Technology - 5.2%
|
|||
Electronic Equipment, Instruments & Components - 5.2%
|
|||
Lagercrantz Group AB B Shares
|
3,050,212
|
69,174,535
|
|
Real Estate - 0.4%
|
|||
Real Estate Management & Development - 0.4%
|
|||
John Mattson Fastighetsforetagen AB (d)
|
942,052
|
5,964,884
|
|
TOTAL SWEDEN
|
188,549,278
|
||
SWITZERLAND - 0.3%
|
|||
Health Care - 0.3%
|
|||
Life Sciences Tools & Services - 0.3%
|
|||
Tecan Group AG
|
21,050
|
4,070,491
|
|
TAIWAN - 1.4%
|
|||
Communication Services - 0.7%
|
|||
Interactive Media & Services - 0.7%
|
|||
Addcn Technology Co Ltd
|
1,688,028
|
9,207,124
|
|
Information Technology - 0.7%
|
|||
Semiconductors & Semiconductor Equipment - 0.7%
|
|||
eMemory Technology Inc
|
117,000
|
9,402,202
|
|
TOTAL TAIWAN
|
18,609,326
|
||
TURKEY - 0.1%
|
|||
Industrials - 0.1%
|
|||
Electrical Equipment - 0.1%
|
|||
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS
|
759,300
|
1,982,339
|
|
UNITED KINGDOM - 15.1%
|
|||
Communication Services - 2.2%
|
|||
Interactive Media & Services - 2.2%
|
|||
Baltic Classifieds Group PLC
|
3,964,002
|
17,961,607
|
|
Rightmove PLC
|
1,137,993
|
11,189,498
|
|
29,151,105
|
|||
Consumer Discretionary - 4.2%
|
|||
Hotels, Restaurants & Leisure - 2.0%
|
|||
Dp Poland PLC (d)
|
18,541,591
|
2,223,934
|
|
InterContinental Hotels Group PLC ADR
|
224,300
|
24,199,727
|
|
26,423,661
|
|||
Leisure Products - 2.2%
|
|||
Games Workshop Group PLC
|
146,200
|
30,024,958
|
|
TOTAL CONSUMER DISCRETIONARY
|
56,448,619
|
||
Industrials - 4.8%
|
|||
Aerospace & Defense - 0.2%
|
|||
Avon Technologies PLC
|
165,000
|
2,990,578
|
|
Machinery - 1.4%
|
|||
Bodycote PLC
|
2,684,726
|
17,030,968
|
|
Spirax Group PLC
|
29,691
|
2,324,690
|
|
19,355,658
|
|||
Marine Transportation - 0.5%
|
|||
Clarkson PLC
|
156,153
|
6,836,253
|
|
Trading Companies & Distributors - 2.7%
|
|||
Diploma PLC
|
180,000
|
9,504,283
|
|
Howden Joinery Group PLC
|
2,529,700
|
25,925,537
|
|
35,429,820
|
|||
TOTAL INDUSTRIALS
|
64,612,309
|
||
Information Technology - 3.0%
|
|||
Electronic Equipment, Instruments & Components - 2.5%
|
|||
Oxford Instruments PLC
|
283,100
|
6,187,513
|
|
Spectris PLC
|
1,035,478
|
27,599,631
|
|
33,787,144
|
|||
Software - 0.5%
|
|||
Sage Group PLC/The
|
393,700
|
6,492,964
|
|
TOTAL INFORMATION TECHNOLOGY
|
40,280,108
|
||
Real Estate - 0.9%
|
|||
Residential REITs - 0.9%
|
|||
UNITE Group PLC/The
|
1,052,900
|
12,074,535
|
|
TOTAL UNITED KINGDOM
|
202,566,676
|
||
UNITED STATES - 2.4%
|
|||
Consumer Staples - 0.7%
|
|||
Consumer Staples Distribution & Retail - 0.7%
|
|||
PriceSmart Inc
|
97,060
|
9,850,619
|
|
Financials - 1.7%
|
|||
Capital Markets - 1.7%
|
|||
Morningstar Inc
|
79,321
|
22,584,276
|
|
TOTAL UNITED STATES
|
32,434,895
|
||
TOTAL COMMON STOCKS
(Cost $875,175,082)
|
1,225,811,585
|
||
International Equity Funds - 4.9%
|
|||
Shares
|
Value ($)
|
||
iShares MSCI EAFE Small-Cap ETF (c)
(Cost $62,198,061)
|
990,000
|
65,835,000
|
|
Money Market Funds - 6.7%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (f)
|
4.33
|
32,440,379
|
32,446,867
|
|
Fidelity Securities Lending Cash Central Fund (f)(g)
|
4.33
|
57,130,334
|
57,136,047
|
|
TOTAL MONEY MARKET FUNDS
(Cost $89,582,914)
|
89,582,914
|
|||
TOTAL INVESTMENT IN SECURITIES - 103.1%
(Cost $1,026,956,057)
|
1,381,229,499
|
NET OTHER ASSETS (LIABILITIES) - (3.1)%
|
(40,931,808)
|
NET ASSETS - 100.0%
|
1,340,297,691
|
ETF
|
-
|
EXCHANGE-TRADED FUND
|
(a)
|
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 $28,069,605 or 2.1% of net assets.
|
(b)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $37,283,626 or 2.8% of net assets.
|
(c)
|
Security or a portion of the security is on loan at period end.
|
(d)
|
Non-income producing
|
(e)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(g)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
34,774,965
|
178,337,076
|
180,665,174
|
810,365
|
-
|
-
|
32,446,867
|
32,440,379
|
0.1%
|
Fidelity Securities Lending Cash Central Fund
|
18,102,100
|
458,225,829
|
419,191,882
|
59,890
|
-
|
-
|
57,136,047
|
57,130,334
|
0.2%
|
Total
|
52,877,065
|
636,562,905
|
599,857,056
|
870,255
|
-
|
-
|
89,582,914
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
104,107,111
|
94,899,987
|
9,207,124
|
-
|
Consumer Discretionary
|
150,438,571
|
150,438,571
|
-
|
-
|
Consumer Staples
|
45,510,921
|
35,802,867
|
9,708,054
|
-
|
Energy
|
15,215,848
|
11,585,283
|
3,630,565
|
-
|
Financials
|
81,082,802
|
68,469,680
|
12,613,122
|
-
|
Health Care
|
51,575,194
|
51,575,194
|
-
|
-
|
Industrials
|
401,040,098
|
375,720,357
|
25,319,741
|
-
|
Information Technology
|
278,251,526
|
268,849,324
|
9,402,202
|
-
|
Materials
|
60,258,361
|
47,053,490
|
13,204,871
|
-
|
Real Estate
|
38,331,153
|
38,331,153
|
-
|
-
|
International Equity Funds
|
65,835,000
|
65,835,000
|
-
|
-
|
Money Market Funds
|
89,582,914
|
89,582,914
|
-
|
-
|
Total Investments in Securities:
|
1,381,229,499
|
1,298,143,820
|
83,085,679
|
-
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $54,071,793) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $937,373,143)
|
$
|
1,291,646,585
|
||
Fidelity Central Funds (cost $89,582,914)
|
89,582,914
|
|||
Total Investment in Securities (cost $1,026,956,057)
|
$
|
1,381,229,499
|
||
Foreign currency held at value (cost $162,079)
|
160,543
|
|||
Receivable for investments sold
|
7,665,149
|
|||
Receivable for fund shares sold
|
1,817,851
|
|||
Dividends receivable
|
7,848,789
|
|||
Reclaims receivable
|
2,263,856
|
|||
Distributions receivable from Fidelity Central Funds
|
147,019
|
|||
Prepaid expenses
|
377
|
|||
Other receivables
|
2,880
|
|||
Total assets
|
1,401,135,963
|
|||
Liabilities
|
||||
Payable for investments purchased
|
||||
Regular delivery
|
$
|
275,020
|
||
Delayed delivery
|
984,537
|
|||
Payable for fund shares redeemed
|
1,261,459
|
|||
Accrued management fee
|
1,121,599
|
|||
Distribution and service plan fees payable
|
11,815
|
|||
Other payables and accrued expenses
|
44,185
|
|||
Collateral on securities loaned
|
57,139,657
|
|||
Total liabilities
|
60,838,272
|
|||
Net Assets
|
$
|
1,340,297,691
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
923,805,986
|
||
Total accumulated earnings (loss)
|
416,491,705
|
|||
Net Assets
|
$
|
1,340,297,691
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($33,507,100 ÷ 1,614,239 shares)(a)
|
$
|
20.76
|
||
Maximum offering price per share (100/94.25 of $20.76)
|
$
|
22.03
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($9,092,903 ÷ 446,103 shares)(a)
|
$
|
20.38
|
||
Maximum offering price per share (100/96.50 of $20.38)
|
$
|
21.12
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($1,908,221 ÷ 98,890 shares)(a)
|
$
|
19.30
|
||
International Small Cap Opportunities :
|
||||
Net Asset Value, offering price and redemption price per share ($657,935,621 ÷ 31,003,481 shares)
|
$
|
21.22
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($188,618,746 ÷ 8,903,961 shares)
|
$
|
21.18
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($449,235,100 ÷ 21,272,408 shares)
|
$
|
21.12
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
14,246,897
|
||
Foreign Tax Reclaims
|
1,260,972
|
|||
Income from Fidelity Central Funds (including $59,890 from security lending)
|
870,255
|
|||
Income before foreign taxes withheld
|
$
|
16,378,124
|
||
Less foreign taxes withheld
|
(1,102,548)
|
|||
Total income
|
15,275,576
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
5,814,214
|
||
Performance adjustment
|
138,068
|
|||
Distribution and service plan fees
|
74,459
|
|||
Custodian fees and expenses
|
41,986
|
|||
Independent trustees' fees and expenses
|
2,838
|
|||
Registration fees
|
60,160
|
|||
Audit fees
|
43,869
|
|||
Legal
|
975
|
|||
Miscellaneous
|
6,361
|
|||
Total expenses before reductions
|
6,182,930
|
|||
Expense reductions
|
(297)
|
|||
Total expenses after reductions
|
6,182,633
|
|||
Net Investment income (loss)
|
9,092,943
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
64,358,871
|
|||
Foreign currency transactions
|
(273,783)
|
|||
Total net realized gain (loss)
|
64,085,088
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
31,613,065
|
|||
Assets and liabilities in foreign currencies
|
454,372
|
|||
Total change in net unrealized appreciation (depreciation)
|
32,067,437
|
|||
Net gain (loss)
|
96,152,525
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
105,245,468
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
9,092,943
|
$
|
13,006,743
|
Net realized gain (loss)
|
64,085,088
|
66,758,616
|
||
Change in net unrealized appreciation (depreciation)
|
32,067,437
|
179,564,617
|
||
Net increase (decrease) in net assets resulting from operations
|
105,245,468
|
259,329,976
|
||
Distributions to shareholders
|
(77,968,307)
|
(42,624,195)
|
||
Share transactions - net increase (decrease)
|
41,488,587
|
79,946,440
|
||
Total increase (decrease) in net assets
|
68,765,748
|
296,652,221
|
||
Net Assets
|
||||
Beginning of period
|
1,271,531,943
|
974,879,722
|
||
End of period
|
$
|
1,340,297,691
|
$
|
1,271,531,943
|
Fidelity Advisor® International Small Cap Opportunities Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.36
|
$
|
16.75
|
$
|
17.17
|
$
|
28.35
|
$
|
20.86
|
$
|
19.02
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.11
|
.15
|
.10
|
.06
|
(.06)
|
(.04)
|
||||||
Net realized and unrealized gain (loss)
|
1.49
|
4.14
|
.61
|
(8.93)
|
7.55
|
2.05
|
||||||
Total from investment operations
|
1.60
|
4.29
|
.71
|
(8.87)
|
7.49
|
2.01
|
||||||
Distributions from net investment income
|
(.25)
|
(.12)
|
-
|
-
|
-
|
(.11)
|
||||||
Distributions from net realized gain
|
(.95)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
(.05)
|
||||||
Total distributions
|
(1.20)
|
(.68)
|
(1.13)
|
(2.31)
|
-
|
(.17) C
|
||||||
Net asset value, end of period
|
$
|
20.76
|
$
|
20.36
|
$
|
16.75
|
$
|
17.17
|
$
|
28.35
|
$
|
20.86
|
Total Return D,E,F
|
8.16 % |
26.06%
|
3.74%
|
(33.79)%
|
35.91%
|
10.58%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.24% I
|
1.27%
|
1.31%
|
1.49%
|
1.50%
|
1.57%
|
||||||
Expenses net of fee waivers, if any
|
1.24 % I |
1.26%
|
1.31%
|
1.48%
|
1.50%
|
1.57%
|
||||||
Expenses net of all reductions, if any
|
1.24% I
|
1.26%
|
1.31%
|
1.48%
|
1.50%
|
1.56%
|
||||||
Net investment income (loss)
|
1.08% I
|
.77%
|
.56%
|
.30%
|
(.25)%
|
(.20)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
33,507
|
$
|
32,876
|
$
|
26,559
|
$
|
26,380
|
$
|
45,981
|
$
|
37,771
|
Portfolio turnover rate J
|
30 % I |
27%
|
10%
|
13%
|
21%
|
20%
|
Fidelity Advisor® International Small Cap Opportunities Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
19.98
|
$
|
16.43
|
$
|
16.91
|
$
|
28.02
|
$
|
20.67
|
$
|
18.85
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.08
|
.10
|
.06
|
.01
|
(.13)
|
(.09)
|
||||||
Net realized and unrealized gain (loss)
|
1.46
|
4.07
|
.59
|
(8.81)
|
7.48
|
2.03
|
||||||
Total from investment operations
|
1.54
|
4.17
|
.65
|
(8.80)
|
7.35
|
1.94
|
||||||
Distributions from net investment income
|
(.19)
|
(.06)
|
-
|
-
|
-
|
(.06)
|
||||||
Distributions from net realized gain
|
(.95)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
(.05)
|
||||||
Total distributions
|
(1.14)
|
(.62)
|
(1.13)
|
(2.31)
|
-
|
(.12) C
|
||||||
Net asset value, end of period
|
$
|
20.38
|
$
|
19.98
|
$
|
16.43
|
$
|
16.91
|
$
|
28.02
|
$
|
20.67
|
Total Return D,E,F
|
7.99 % |
25.80%
|
3.43%
|
(33.95)%
|
35.56%
|
10.29%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.49% I
|
1.53%
|
1.57%
|
1.74%
|
1.75%
|
1.84%
|
||||||
Expenses net of fee waivers, if any
|
1.49 % I |
1.52%
|
1.56%
|
1.74%
|
1.75%
|
1.84%
|
||||||
Expenses net of all reductions, if any
|
1.49% I
|
1.52%
|
1.56%
|
1.74%
|
1.75%
|
1.83%
|
||||||
Net investment income (loss)
|
.83% I
|
.51%
|
.31%
|
.05%
|
(.50)%
|
(.47)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
9,093
|
$
|
9,933
|
$
|
9,589
|
$
|
10,115
|
$
|
16,378
|
$
|
13,141
|
Portfolio turnover rate J
|
30 % I |
27%
|
10%
|
13%
|
21%
|
20%
|
Fidelity Advisor® International Small Cap Opportunities Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
18.95
|
$
|
15.64
|
$
|
16.22
|
$
|
27.10
|
$
|
20.09
|
$
|
18.31
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.03
|
- C
|
(.04)
|
(.09)
|
(.25)
|
(.18)
|
||||||
Net realized and unrealized gain (loss)
|
1.39
|
3.87
|
.59
|
(8.48)
|
7.26
|
1.96
|
||||||
Total from investment operations
|
1.42
|
3.87
|
.55
|
(8.57)
|
7.01
|
1.78
|
||||||
Distributions from net investment income
|
(.12)
|
-
|
-
|
-
|
-
|
-
|
||||||
Distributions from net realized gain
|
(.95)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
-
|
||||||
Total distributions
|
(1.07)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
-
|
||||||
Net asset value, end of period
|
$
|
19.30
|
$
|
18.95
|
$
|
15.64
|
$
|
16.22
|
$
|
27.10
|
$
|
20.09
|
Total Return D,E,F
|
7.77 % |
25.11%
|
2.93%
|
(34.28)%
|
34.89%
|
9.72%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
1.99% I
|
2.02%
|
2.10%
|
2.26%
|
2.26%
|
2.33%
|
||||||
Expenses net of fee waivers, if any
|
1.99 % I |
2.02%
|
2.10%
|
2.25%
|
2.26%
|
2.33%
|
||||||
Expenses net of all reductions, if any
|
1.99% I
|
2.02%
|
2.10%
|
2.25%
|
2.26%
|
2.33%
|
||||||
Net investment income (loss)
|
.33% I
|
.01%
|
(.23)%
|
(.47)%
|
(1.01)%
|
(.96)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,908
|
$
|
2,035
|
$
|
2,036
|
$
|
3,314
|
$
|
6,770
|
$
|
7,253
|
Portfolio turnover rate J
|
30 % I |
27%
|
10%
|
13%
|
21%
|
20%
|
Fidelity® International Small Cap Opportunities Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.81
|
$
|
17.12
|
$
|
17.47
|
$
|
28.77
|
$
|
21.10
|
$
|
19.24
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.14
|
.21
|
.16
|
.13
|
.01
|
.02
|
||||||
Net realized and unrealized gain (loss)
|
1.52
|
4.23
|
.63
|
(9.09)
|
7.66
|
2.07
|
||||||
Total from investment operations
|
1.66
|
4.44
|
.79
|
(8.96)
|
7.67
|
2.09
|
||||||
Distributions from net investment income
|
(.30)
|
(.19)
|
- C
|
(.04)
|
-
|
(.17)
|
||||||
Distributions from net realized gain
|
(.95)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
(.05)
|
||||||
Total distributions
|
(1.25)
|
(.75)
|
(1.14) D
|
(2.34) D
|
-
|
(.23) D
|
||||||
Net asset value, end of period
|
$
|
21.22
|
$
|
20.81
|
$
|
17.12
|
$
|
17.47
|
$
|
28.77
|
$
|
21.10
|
Total Return E,F
|
8.33 % |
26.39%
|
4.11%
|
(33.62)%
|
36.35%
|
10.90%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.94% I
|
.98%
|
1.01%
|
1.19%
|
1.21%
|
1.26%
|
||||||
Expenses net of fee waivers, if any
|
.94 % I |
.98%
|
1.00%
|
1.19%
|
1.20%
|
1.26%
|
||||||
Expenses net of all reductions, if any
|
.94% I
|
.98%
|
1.00%
|
1.19%
|
1.20%
|
1.25%
|
||||||
Net investment income (loss)
|
1.38% I
|
1.05%
|
.87%
|
.60%
|
.05%
|
.11%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
657,936
|
$
|
636,948
|
$
|
632,320
|
$
|
700,271
|
$
|
1,268,421
|
$
|
1,152,472
|
Portfolio turnover rate J
|
30 % I |
27%
|
10%
|
13%
|
21%
|
20%
|
Fidelity Advisor® International Small Cap Opportunities Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.77
|
$
|
17.09
|
$
|
17.46
|
$
|
28.75
|
$
|
21.09
|
$
|
19.22
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.14
|
.21
|
.15
|
.13
|
.01
|
.02
|
||||||
Net realized and unrealized gain (loss)
|
1.51
|
4.21
|
.62
|
(9.07)
|
7.65
|
2.07
|
||||||
Total from investment operations
|
1.65
|
4.42
|
.77
|
(8.94)
|
7.66
|
2.09
|
||||||
Distributions from net investment income
|
(.29)
|
(.18)
|
(.01)
|
(.04)
|
-
|
(.16)
|
||||||
Distributions from net realized gain
|
(.95)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
(.05)
|
||||||
Total distributions
|
(1.24)
|
(.74)
|
(1.14)
|
(2.35)
|
-
|
(.22) C
|
||||||
Net asset value, end of period
|
$
|
21.18
|
$
|
20.77
|
$
|
17.09
|
$
|
17.46
|
$
|
28.75
|
$
|
21.09
|
Total Return D,E
|
8.26 % |
26.37%
|
4.02%
|
(33.60)%
|
36.32%
|
10.90%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.99% H
|
.99%
|
1.05%
|
1.20%
|
1.22%
|
1.28%
|
||||||
Expenses net of fee waivers, if any
|
.99 % H |
.98%
|
1.04%
|
1.19%
|
1.22%
|
1.27%
|
||||||
Expenses net of all reductions, if any
|
.99% H
|
.98%
|
1.04%
|
1.19%
|
1.22%
|
1.27%
|
||||||
Net investment income (loss)
|
1.33% H
|
1.05%
|
.83%
|
.59%
|
.04%
|
.09%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
188,619
|
$
|
221,654
|
$
|
81,122
|
$
|
82,705
|
$
|
141,310
|
$
|
113,041
|
Portfolio turnover rate I
|
30 % H |
27%
|
10%
|
13%
|
21%
|
20%
|
Fidelity Advisor® International Small Cap Opportunities Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
20.74
|
$
|
17.07
|
$
|
17.44
|
$
|
28.73
|
$
|
21.05
|
$
|
19.20
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.15
|
.23
|
.18
|
.15
|
.04
|
.05
|
||||||
Net realized and unrealized gain (loss)
|
1.52
|
4.21
|
.62
|
(9.05)
|
7.64
|
2.05
|
||||||
Total from investment operations
|
1.67
|
4.44
|
.80
|
(8.90)
|
7.68
|
2.10
|
||||||
Distributions from net investment income
|
(.34)
|
(.21)
|
(.04)
|
(.08)
|
-
|
(.20)
|
||||||
Distributions from net realized gain
|
(.95)
|
(.56)
|
(1.13)
|
(2.31)
|
-
|
(.05)
|
||||||
Total distributions
|
(1.29)
|
(.77)
|
(1.17)
|
(2.39)
|
-
|
(.25)
|
||||||
Net asset value, end of period
|
$
|
21.12
|
$
|
20.74
|
$
|
17.07
|
$
|
17.44
|
$
|
28.73
|
$
|
21.05
|
Total Return C,D
|
8.40 % |
26.53%
|
4.19%
|
(33.52)%
|
36.48%
|
11.03%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.86% G
|
.87%
|
.89%
|
1.07%
|
1.09%
|
1.14%
|
||||||
Expenses net of fee waivers, if any
|
.86 % G |
.87%
|
.88%
|
1.07%
|
1.09%
|
1.13%
|
||||||
Expenses net of all reductions, if any
|
.86% G
|
.87%
|
.88%
|
1.07%
|
1.09%
|
1.13%
|
||||||
Net investment income (loss)
|
1.46% G
|
1.16%
|
.98%
|
.72%
|
.16%
|
.23%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
449,235
|
$
|
368,086
|
$
|
223,254
|
$
|
219,360
|
$
|
309,803
|
$
|
82,476
|
Portfolio turnover rate H
|
30 % G |
27%
|
10%
|
13%
|
21%
|
20%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$437,335,148
|
Gross unrealized depreciation
|
(92,642,108)
|
Net unrealized appreciation (depreciation)
|
$344,693,040
|
Tax cost
|
$1,036,536,459
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Small Cap Opportunities Fund
|
188,377,844
|
235,208,784
|
Maximum Management Fee Rate %
|
|
Class A
|
1.02
|
Class M
|
1.02
|
Class C
|
1.02
|
International Small Cap Opportunities
|
.99
|
Class I
|
1.02
|
Class Z
|
.88
|
Total Management Fee Rate %
|
|
Class A
|
.94
|
Class M
|
.94
|
Class C
|
.94
|
International Small Cap Opportunities
|
.90
|
Class I
|
.95
|
Class Z
|
.82
|
Performance Adjustment Index
|
|
Fidelity International Small Cap Opportunities Fund
|
MSCI EAFE Small Cap Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
40,949
|
1,699
|
Class M
|
.25%
|
.25%
|
23,690
|
284
|
Class C
|
.75%
|
.25%
|
9,820
|
1,671
|
74,459
|
3,654
|
Retained by FDC ($)
|
|
Class A
|
3,719
|
Class M
|
111
|
Class CA
|
27
|
3,857
|
Amount ($)
|
|
Fidelity International Small Cap Opportunities Fund
|
179
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Small Cap Opportunities Fund
|
13,880,439
|
7,770,667
|
5,757,758
|
Amount ($)
|
|
Fidelity International Small Cap Opportunities Fund
|
1,020
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Small Cap Opportunities Fund
|
6,429
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Small Cap Opportunities Fund
|
||
Distributions to shareholders
|
||
Class A
|
$1,902,866
|
$1,071,393
|
Class M
|
561,660
|
359,747
|
Class C
|
112,453
|
67,234
|
International Small Cap Opportunities
|
38,399,271
|
27,456,391
|
Class I
|
13,413,028
|
3,627,918
|
Class Z
|
23,579,029
|
10,041,512
|
Total
|
$77,968,307
|
$42,624,195
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Small Cap Opportunities Fund
|
||||
Class A
|
||||
Shares sold
|
138,517
|
225,403
|
$2,774,070
|
$4,421,268
|
Reinvestment of distributions
|
88,165
|
57,351
|
1,736,854
|
1,052,398
|
Shares redeemed
|
(227,498)
|
(253,463)
|
(4,583,889)
|
(4,972,403)
|
Net increase (decrease)
|
(816)
|
29,291
|
$(72,965)
|
$501,263
|
Class M
|
||||
Shares sold
|
12,193
|
13,011
|
$237,078
|
$253,332
|
Reinvestment of distributions
|
26,375
|
19,865
|
510,610
|
358,562
|
Shares redeemed
|
(89,709)
|
(119,085)
|
(1,722,277)
|
(2,319,634)
|
Net increase (decrease)
|
(51,141)
|
(86,209)
|
$(974,589)
|
$(1,707,740)
|
Class C
|
||||
Shares sold
|
5,001
|
17,556
|
$92,616
|
$327,256
|
Reinvestment of distributions
|
6,125
|
3,896
|
112,453
|
67,013
|
Shares redeemed
|
(19,631)
|
(44,237)
|
(365,114)
|
(801,985)
|
Net increase (decrease)
|
(8,505)
|
(22,785)
|
$(160,045)
|
$(407,716)
|
International Small Cap Opportunities
|
||||
Shares sold
|
3,983,821
|
7,348,249
|
$81,129,097
|
$150,444,534
|
Reinvestment of distributions
|
1,573,114
|
1,228,945
|
31,635,332
|
22,993,567
|
Shares redeemed
|
(5,159,083)
|
(14,912,938)
|
(103,861,687)
|
(304,809,170)
|
Net increase (decrease)
|
397,852
|
(6,335,744)
|
$8,902,742
|
$(131,371,069)
|
Class I
|
||||
Shares sold
|
1,906,305
|
11,400,627
|
$38,424,830
|
$231,485,694
|
Reinvestment of distributions
|
647,836
|
186,259
|
13,008,545
|
3,479,316
|
Shares redeemed
|
(4,324,260)
|
(5,660,385)
|
(88,196,618)
|
(117,402,312)
|
Net increase (decrease)
|
(1,770,119)
|
5,926,501
|
$(36,763,243)
|
$117,562,698
|
Class Z
|
||||
Shares sold
|
3,495,510
|
6,196,097
|
$70,071,354
|
$127,736,617
|
Reinvestment of distributions
|
1,086,298
|
493,559
|
21,736,824
|
9,199,948
|
Shares redeemed
|
(1,053,117)
|
(2,022,168)
|
(21,251,491)
|
(41,567,561)
|
Net increase (decrease)
|
3,528,691
|
4,667,488
|
$70,556,687
|
$95,369,004
|
Fund
|
% of shares held
|
Fidelity International Small Cap Opportunities Fund
|
26%
|
![]() |
Contents
Common Stocks - 94.9%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 1.5%
|
|||
Communication Services - 0.3%
|
|||
Interactive Media & Services - 0.3%
|
|||
CAR Group Ltd
|
1,275,761
|
27,230,227
|
|
Consumer Discretionary - 0.7%
|
|||
Hotels, Restaurants & Leisure - 0.7%
|
|||
Aristocrat Leisure Ltd
|
1,630,630
|
69,642,654
|
|
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Canva Inc Class A (a)(b)(c)
|
5,900
|
6,814,500
|
|
Materials - 0.5%
|
|||
Metals & Mining - 0.5%
|
|||
Brazilian Rare Earths Ltd (c)
|
3,982,215
|
5,762,274
|
|
IperionX Ltd (c)(d)
|
21,820,344
|
50,052,311
|
|
55,814,585
|
|||
TOTAL AUSTRALIA
|
159,501,966
|
||
BAILIWICK OF JERSEY - 0.4%
|
|||
Financials - 0.4%
|
|||
Capital Markets - 0.4%
|
|||
JTC PLC (e)(f)
|
3,573,397
|
39,717,300
|
|
BELGIUM - 0.8%
|
|||
Health Care - 0.8%
|
|||
Pharmaceuticals - 0.8%
|
|||
UCB SA
|
430,749
|
78,637,011
|
|
BRAZIL - 1.5%
|
|||
Consumer Discretionary - 1.3%
|
|||
Broadline Retail - 1.3%
|
|||
MercadoLibre Inc (c)
|
55,051
|
128,315,623
|
|
Financials - 0.2%
|
|||
Banks - 0.2%
|
|||
NU Holdings Ltd/Cayman Islands Class A (c)
|
1,990,930
|
24,747,260
|
|
TOTAL BRAZIL
|
153,062,883
|
||
CANADA - 3.5%
|
|||
Energy - 0.9%
|
|||
Oil, Gas & Consumable Fuels - 0.9%
|
|||
Cameco Corp
|
993,617
|
44,851,868
|
|
Canadian Natural Resources Ltd
|
1,580,280
|
45,347,365
|
|
90,199,233
|
|||
Financials - 0.2%
|
|||
Insurance - 0.2%
|
|||
Definity Financial Corp
|
504,279
|
25,170,055
|
|
Information Technology - 2.4%
|
|||
Software - 2.4%
|
|||
Constellation Software Inc/Canada
|
67,024
|
241,548,448
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(c)
|
50,942
|
4
|
|
Lumine Group Inc Subordinate Voting Shares (c)(f)
|
158,132
|
5,112,392
|
|
246,660,844
|
|||
TOTAL CANADA
|
362,030,132
|
||
CHINA - 1.5%
|
|||
Communication Services - 0.6%
|
|||
Interactive Media & Services - 0.6%
|
|||
Tencent Holdings Ltd
|
1,051,600
|
64,411,504
|
|
Consumer Discretionary - 0.6%
|
|||
Automobiles - 0.5%
|
|||
BYD Co Ltd H Shares
|
952,000
|
45,216,426
|
|
Hotels, Restaurants & Leisure - 0.1%
|
|||
Trip.com Group Ltd ADR
|
216,760
|
12,786,672
|
|
TOTAL CONSUMER DISCRETIONARY
|
58,003,098
|
||
Information Technology - 0.3%
|
|||
Semiconductors & Semiconductor Equipment - 0.3%
|
|||
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
|
1,102,200
|
28,576,552
|
|
TOTAL CHINA
|
150,991,154
|
||
DENMARK - 1.8%
|
|||
Financials - 0.2%
|
|||
Insurance - 0.2%
|
|||
Tryg A/S
|
1,078,046
|
25,719,962
|
|
Health Care - 1.2%
|
|||
Pharmaceuticals - 1.2%
|
|||
Novo Nordisk A/S Series B
|
1,803,824
|
120,606,494
|
|
Industrials - 0.4%
|
|||
Air Freight & Logistics - 0.4%
|
|||
DSV A/S
|
182,700
|
38,725,073
|
|
TOTAL DENMARK
|
185,051,529
|
||
FRANCE - 9.9%
|
|||
Consumer Discretionary - 1.8%
|
|||
Textiles, Apparel & Luxury Goods - 1.8%
|
|||
Hermes International SCA
|
69,901
|
189,336,949
|
|
Consumer Staples - 1.1%
|
|||
Food Products - 1.1%
|
|||
Danone SA
|
1,299,200
|
111,791,503
|
|
Financials - 2.8%
|
|||
Banks - 0.5%
|
|||
BNP Paribas SA
|
631,667
|
53,520,816
|
|
Insurance - 2.3%
|
|||
AXA SA
|
5,056,799
|
239,165,867
|
|
TOTAL FINANCIALS
|
292,686,683
|
||
Health Care - 1.3%
|
|||
Health Care Equipment & Supplies - 1.3%
|
|||
EssilorLuxottica SA
|
450,862
|
129,068,803
|
|
Industrials - 1.8%
|
|||
Aerospace & Defense - 1.8%
|
|||
Dassault Aviation SA
|
29,315
|
10,527,411
|
|
Safran SA
|
553,075
|
147,184,088
|
|
Thales SA
|
110,998
|
31,093,022
|
|
188,804,521
|
|||
Materials - 1.1%
|
|||
Chemicals - 1.1%
|
|||
Air Liquide SA
|
540,768
|
111,116,040
|
|
TOTAL FRANCE
|
1,022,804,499
|
||
GERMANY - 9.6%
|
|||
Communication Services - 0.3%
|
|||
Entertainment - 0.3%
|
|||
CTS Eventim AG & Co KGaA
|
250,700
|
29,479,770
|
|
Consumer Discretionary - 0.6%
|
|||
Textiles, Apparel & Luxury Goods - 0.6%
|
|||
adidas AG
|
262,144
|
59,898,815
|
|
Financials - 1.2%
|
|||
Insurance - 1.2%
|
|||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (c)
|
187,982
|
128,694,240
|
|
Health Care - 0.3%
|
|||
Health Care Providers & Services - 0.3%
|
|||
Fresenius SE & Co KGaA (c)
|
636,009
|
30,117,017
|
|
Industrials - 4.4%
|
|||
Aerospace & Defense - 2.9%
|
|||
Rheinmetall AG
|
173,874
|
296,116,579
|
|
Industrial Conglomerates - 1.5%
|
|||
Siemens AG
|
695,537
|
160,155,266
|
|
TOTAL INDUSTRIALS
|
456,271,845
|
||
Information Technology - 2.8%
|
|||
Software - 2.8%
|
|||
SAP SE
|
973,621
|
284,870,443
|
|
TOTAL GERMANY
|
989,332,130
|
||
HUNGARY - 0.2%
|
|||
Health Care - 0.2%
|
|||
Pharmaceuticals - 0.2%
|
|||
Richter Gedeon Nyrt
|
846,525
|
25,609,314
|
|
INDIA - 1.2%
|
|||
Consumer Discretionary - 0.1%
|
|||
Broadline Retail - 0.1%
|
|||
Lenskart Solutions Pvt Ltd (a)(b)
|
3,274,000
|
10,915,462
|
|
Financials - 0.8%
|
|||
Banks - 0.6%
|
|||
HDFC Bank Ltd
|
2,191,519
|
49,710,545
|
|
Capital Markets - 0.2%
|
|||
360 ONE WAM Ltd
|
2,167,100
|
25,208,312
|
|
TOTAL FINANCIALS
|
74,918,857
|
||
Industrials - 0.3%
|
|||
Professional Services - 0.3%
|
|||
Computer Age Management Services Ltd
|
717,700
|
33,049,580
|
|
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Pine Labs Pvt Ltd (a)(b)(c)
|
8,672
|
4,014,356
|
|
TOTAL INDIA
|
122,898,255
|
||
IRELAND - 1.7%
|
|||
Consumer Discretionary - 0.8%
|
|||
Hotels, Restaurants & Leisure - 0.2%
|
|||
Dalata Hotel Group PLC
|
3,653,493
|
20,942,629
|
|
Household Durables - 0.6%
|
|||
Cairn Homes PLC
|
26,071,501
|
57,260,567
|
|
TOTAL CONSUMER DISCRETIONARY
|
78,203,196
|
||
Industrials - 0.9%
|
|||
Building Products - 0.9%
|
|||
Kingspan Group PLC
|
1,092,637
|
91,968,081
|
|
TOTAL IRELAND
|
170,171,277
|
||
ISRAEL - 0.1%
|
|||
Information Technology - 0.1%
|
|||
IT Services - 0.1%
|
|||
Wix.com Ltd (c)
|
59,430
|
10,078,734
|
|
ITALY - 5.7%
|
|||
Consumer Discretionary - 0.8%
|
|||
Automobiles - 0.8%
|
|||
Ferrari NV (g)
|
176,242
|
81,385,031
|
|
Financials - 4.6%
|
|||
Banks - 4.3%
|
|||
FinecoBank Banca Fineco SpA
|
1,617,890
|
32,193,601
|
|
Intesa Sanpaolo SpA
|
11,040,100
|
58,935,236
|
|
UniCredit SpA
|
5,981,202
|
347,991,459
|
|
439,120,296
|
|||
Financial Services - 0.3%
|
|||
BFF Bank SpA (c)(e)(f)
|
3,140,339
|
29,634,250
|
|
TOTAL FINANCIALS
|
468,754,546
|
||
Health Care - 0.3%
|
|||
Pharmaceuticals - 0.3%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
651,751
|
38,282,727
|
|
TOTAL ITALY
|
588,422,304
|
||
JAPAN - 16.1%
|
|||
Communication Services - 1.1%
|
|||
Entertainment - 1.1%
|
|||
Nintendo Co Ltd
|
1,347,900
|
111,902,668
|
|
Consumer Discretionary - 3.1%
|
|||
Broadline Retail - 0.7%
|
|||
Pan Pacific International Holdings Corp
|
2,194,144
|
67,675,025
|
|
Household Durables - 1.2%
|
|||
Sony Group Corp
|
4,609,815
|
121,619,815
|
|
Specialty Retail - 1.2%
|
|||
Fast Retailing Co Ltd
|
387,980
|
127,624,031
|
|
TOTAL CONSUMER DISCRETIONARY
|
316,918,871
|
||
Financials - 3.2%
|
|||
Banks - 1.8%
|
|||
Mitsubishi UFJ Financial Group Inc
|
8,990,686
|
113,274,812
|
|
Sumitomo Mitsui Financial Group Inc
|
3,179,818
|
75,861,597
|
|
189,136,409
|
|||
Financial Services - 0.6%
|
|||
ORIX Corp
|
3,155,174
|
63,292,889
|
|
Insurance - 0.8%
|
|||
Tokio Marine Holdings Inc
|
2,041,364
|
81,822,719
|
|
TOTAL FINANCIALS
|
334,252,017
|
||
Health Care - 1.3%
|
|||
Health Care Equipment & Supplies - 0.8%
|
|||
Hoya Corp
|
690,421
|
81,239,208
|
|
Pharmaceuticals - 0.5%
|
|||
Daiichi Sankyo Co Ltd
|
1,957,017
|
50,061,728
|
|
TOTAL HEALTH CARE
|
131,300,936
|
||
Industrials - 6.7%
|
|||
Industrial Conglomerates - 2.8%
|
|||
Hitachi Ltd
|
11,525,355
|
284,855,084
|
|
Machinery - 1.5%
|
|||
IHI Corp
|
567,000
|
44,414,342
|
|
Mitsubishi Heavy Industries Ltd
|
5,791,091
|
114,158,891
|
|
158,573,233
|
|||
Professional Services - 0.8%
|
|||
BayCurrent Inc
|
587,200
|
31,640,454
|
|
Timee Inc (c)
|
2,312,900
|
27,758,682
|
|
Visional Inc (c)
|
360,594
|
21,810,162
|
|
81,209,298
|
|||
Trading Companies & Distributors - 1.6%
|
|||
ITOCHU Corp
|
3,232,367
|
165,312,753
|
|
TOTAL INDUSTRIALS
|
689,950,368
|
||
Information Technology - 0.7%
|
|||
Semiconductors & Semiconductor Equipment - 0.7%
|
|||
Advantest Corp
|
1,297,100
|
54,265,410
|
|
Tokyo Seimitsu Co Ltd
|
398,311
|
22,202,676
|
|
76,468,086
|
|||
TOTAL JAPAN
|
1,660,792,946
|
||
KAZAKHSTAN - 0.1%
|
|||
Financials - 0.1%
|
|||
Consumer Finance - 0.1%
|
|||
Kaspi.KZ JSC ADR
|
131,410
|
11,549,625
|
|
KOREA (SOUTH) - 0.6%
|
|||
Information Technology - 0.6%
|
|||
Semiconductors & Semiconductor Equipment - 0.6%
|
|||
SK Hynix Inc
|
486,840
|
60,620,011
|
|
LUXEMBOURG - 0.5%
|
|||
Financials - 0.5%
|
|||
Capital Markets - 0.5%
|
|||
CVC Capital Partners PLC (c)(e)(f)
|
3,113,018
|
55,085,218
|
|
NETHERLANDS - 5.7%
|
|||
Communication Services - 0.5%
|
|||
Entertainment - 0.5%
|
|||
Universal Music Group NV
|
1,727,500
|
50,797,950
|
|
Financials - 0.9%
|
|||
Banks - 0.9%
|
|||
ING Groep NV
|
4,691,479
|
91,105,315
|
|
Industrials - 2.0%
|
|||
Professional Services - 1.7%
|
|||
Wolters Kluwer NV
|
968,185
|
170,498,862
|
|
Trading Companies & Distributors - 0.3%
|
|||
IMCD NV
|
242,944
|
32,159,353
|
|
TOTAL INDUSTRIALS
|
202,658,215
|
||
Information Technology - 2.3%
|
|||
Semiconductors & Semiconductor Equipment - 2.2%
|
|||
ASML Holding NV
|
230,562
|
152,144,434
|
|
BE Semiconductor Industries NV (g)
|
704,050
|
75,164,226
|
|
227,308,660
|
|||
Software - 0.1%
|
|||
Topicus.com Inc (c)
|
101,061
|
12,094,185
|
|
TOTAL INFORMATION TECHNOLOGY
|
239,402,845
|
||
TOTAL NETHERLANDS
|
583,964,325
|
||
SINGAPORE - 0.8%
|
|||
Communication Services - 0.8%
|
|||
Entertainment - 0.8%
|
|||
Sea Ltd Class A ADR (c)
|
591,900
|
79,344,195
|
|
SPAIN - 2.1%
|
|||
Financials - 2.1%
|
|||
Banks - 2.1%
|
|||
Banco Santander SA (g)
|
12,619,200
|
88,375,775
|
|
CaixaBank SA (g)
|
16,936,953
|
129,808,278
|
|
TOTAL SPAIN
|
218,184,053
|
||
SWEDEN - 3.6%
|
|||
Financials - 1.5%
|
|||
Financial Services - 1.5%
|
|||
Investor AB B Shares
|
5,224,233
|
154,205,543
|
|
Industrials - 1.0%
|
|||
Machinery - 1.0%
|
|||
Indutrade AB
|
3,857,122
|
104,075,052
|
|
Information Technology - 1.1%
|
|||
Electronic Equipment, Instruments & Components - 1.1%
|
|||
Hexagon AB B Shares
|
3,539,600
|
34,449,399
|
|
Lagercrantz Group AB B Shares
|
3,266,697
|
74,084,112
|
|
108,533,511
|
|||
Software - 0.0%
|
|||
Kry International Ab (a)(b)(c)
|
194,526
|
3,836,620
|
|
TOTAL INFORMATION TECHNOLOGY
|
112,370,131
|
||
TOTAL SWEDEN
|
370,650,726
|
||
SWITZERLAND - 1.7%
|
|||
Financials - 1.7%
|
|||
Capital Markets - 1.7%
|
|||
Partners Group Holding AG
|
60,346
|
78,635,879
|
|
UBS Group AG
|
3,077,270
|
92,800,934
|
|
TOTAL SWITZERLAND
|
171,436,813
|
||
TAIWAN - 1.9%
|
|||
Information Technology - 1.9%
|
|||
Semiconductors & Semiconductor Equipment - 1.9%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
6,894,000
|
194,948,312
|
|
UNITED KINGDOM - 17.6%
|
|||
Communication Services - 2.0%
|
|||
Diversified Telecommunication Services - 1.8%
|
|||
Zegona Communications plc (c)
|
20,594,092
|
185,533,246
|
|
Interactive Media & Services - 0.2%
|
|||
Baltic Classifieds Group PLC
|
4,756,761
|
21,553,740
|
|
TOTAL COMMUNICATION SERVICES
|
207,086,986
|
||
Consumer Discretionary - 3.2%
|
|||
Hotels, Restaurants & Leisure - 2.4%
|
|||
Compass Group PLC
|
5,152,249
|
173,707,168
|
|
Flutter Entertainment PLC (United Kingdom) (c)
|
305,257
|
73,064,154
|
|
246,771,322
|
|||
Leisure Products - 0.8%
|
|||
Games Workshop Group PLC
|
422,000
|
86,665,747
|
|
TOTAL CONSUMER DISCRETIONARY
|
333,437,069
|
||
Consumer Staples - 1.2%
|
|||
Tobacco - 1.2%
|
|||
Imperial Brands PLC
|
3,117,600
|
127,924,581
|
|
Financials - 5.3%
|
|||
Banks - 1.0%
|
|||
NatWest Group PLC
|
13,215,600
|
85,006,527
|
|
Starling Bank Ltd Class D (a)(b)(c)
|
6,223,100
|
20,070,331
|
|
105,076,858
|
|||
Capital Markets - 4.1%
|
|||
3i Group PLC
|
3,547,734
|
201,124,729
|
|
London Stock Exchange Group PLC
|
1,331,620
|
207,348,583
|
|
408,473,312
|
|||
Financial Services - 0.2%
|
|||
Revolut Group Holdings Ltd (a)(b)
|
25,338
|
19,100,545
|
|
TOTAL FINANCIALS
|
532,650,715
|
||
Health Care - 1.4%
|
|||
Pharmaceuticals - 1.4%
|
|||
Astrazeneca PLC
|
1,024,055
|
146,713,002
|
|
Industrials - 4.5%
|
|||
Aerospace & Defense - 2.2%
|
|||
BAE Systems PLC
|
7,419,708
|
172,008,390
|
|
Rolls-Royce Holdings PLC
|
5,273,900
|
53,384,918
|
|
225,393,308
|
|||
Professional Services - 1.9%
|
|||
RELX PLC
|
3,572,579
|
194,974,035
|
|
Trading Companies & Distributors - 0.4%
|
|||
Diploma PLC
|
701,000
|
37,013,903
|
|
TOTAL INDUSTRIALS
|
457,381,246
|
||
TOTAL UNITED KINGDOM
|
1,805,193,599
|
||
UNITED STATES - 4.8%
|
|||
Communication Services - 0.8%
|
|||
Entertainment - 0.8%
|
|||
Spotify Technology SA (c)
|
132,100
|
81,106,758
|
|
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Shell PLC
|
719,842
|
23,230,556
|
|
Health Care - 0.5%
|
|||
Health Care Equipment & Supplies - 0.5%
|
|||
Alcon AG (United States)
|
525,400
|
51,284,294
|
|
Industrials - 1.4%
|
|||
Electrical Equipment - 1.4%
|
|||
Schneider Electric SE
|
601,865
|
140,623,220
|
|
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Monday.com Ltd (c)
|
49,800
|
13,993,302
|
|
Materials - 1.8%
|
|||
Chemicals - 0.5%
|
|||
Linde PLC
|
119,432
|
54,130,165
|
|
Construction Materials - 1.3%
|
|||
CRH PLC (United Kingdom)
|
1,245,142
|
116,722,248
|
|
James Hardie Industries PLC depository receipt (c)
|
730,048
|
17,135,837
|
|
133,858,085
|
|||
TOTAL MATERIALS
|
187,988,250
|
||
TOTAL UNITED STATES
|
498,226,380
|
||
TOTAL COMMON STOCKS
(Cost $6,429,450,889)
|
9,768,304,691
|
||
Convertible Preferred Stocks - 0.9%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Canva Inc Series A (a)(b)(c)
|
931
|
1,075,305
|
|
Canva Inc Series A2 (a)(b)(c)
|
169
|
195,195
|
|
TOTAL AUSTRALIA
|
1,270,500
|
||
CANADA - 0.2%
|
|||
Information Technology - 0.2%
|
|||
Software - 0.2%
|
|||
Valsoft Corp Series A-1.2 (a)(b)
|
1,026
|
12,018,266
|
|
Valsoft Corp Series A-1.3 (a)(b)
|
363
|
4,252,077
|
|
Valsoft Corp Series A-1.4 (a)(b)
|
469
|
5,493,730
|
|
TOTAL CANADA
|
21,764,073
|
||
CHINA - 0.3%
|
|||
Communication Services - 0.3%
|
|||
Interactive Media & Services - 0.3%
|
|||
ByteDance Ltd Series E1 (a)(b)(c)
|
131,235
|
27,859,878
|
|
Health Care - 0.0%
|
|||
Health Care Providers & Services - 0.0%
|
|||
dMed Biopharmaceutical Co Ltd Series C (a)(b)(c)
|
631,853
|
5,067,461
|
|
TOTAL CHINA
|
32,927,339
|
||
ESTONIA - 0.2%
|
|||
Information Technology - 0.2%
|
|||
Software - 0.2%
|
|||
Bolt Technology OU Series E (a)(b)(c)
|
87,239
|
16,980,747
|
|
INDIA - 0.2%
|
|||
Information Technology - 0.2%
|
|||
Software - 0.2%
|
|||
Pine Labs Pvt Ltd Series 1 (a)(b)(c)
|
20,726
|
9,594,273
|
|
Pine Labs Pvt Ltd Series A (a)(b)(c)
|
5,179
|
2,397,411
|
|
Pine Labs Pvt Ltd Series B (a)(b)(c)
|
5,635
|
2,608,498
|
|
Pine Labs Pvt Ltd Series B2 (a)(b)(c)
|
4,558
|
2,109,944
|
|
Pine Labs Pvt Ltd Series C (a)(b)(c)
|
8,478
|
3,924,551
|
|
Pine Labs Pvt Ltd Series C1 (a)(b)(c)
|
1,786
|
826,757
|
|
Pine Labs Pvt Ltd Series D (a)(b)(c)
|
1,910
|
884,158
|
|
TOTAL INDIA
|
22,345,592
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $86,987,981)
|
95,288,251
|
||
Money Market Funds - 5.7%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (h)
|
4.33
|
404,014,917
|
404,095,720
|
|
Fidelity Securities Lending Cash Central Fund (h)(i)
|
4.33
|
181,763,113
|
181,781,289
|
|
TOTAL MONEY MARKET FUNDS
(Cost $585,877,009)
|
585,877,009
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.5%
(Cost $7,102,315,879)
|
10,449,469,951
|
NET OTHER ASSETS (LIABILITIES) - (1.5)%
|
(153,277,798)
|
NET ASSETS - 100.0%
|
10,296,192,153
|
(a)
|
Level 3 security
|
(b)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $160,040,065 or 1.6% of net assets.
|
(c)
|
Non-income producing
|
(d)
|
Affiliated company
|
(e)
|
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 $124,436,768 or 1.2% of net assets.
|
(f)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $129,549,160 or 1.3% of net assets.
|
(g)
|
Security or a portion of the security is on loan at period end.
|
(h)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(i)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Bolt Technology OU Series E
|
1/03/22
|
22,664,387
|
ByteDance Ltd Series E1
|
11/18/20
|
14,379,968
|
Canva Inc Class A
|
3/18/24
|
6,293,300
|
Canva Inc Series A
|
9/22/23
|
993,061
|
Canva Inc Series A2
|
9/22/23
|
180,266
|
dMed Biopharmaceutical Co Ltd Series C
|
12/01/20
|
8,974,302
|
Kry International Ab
|
5/14/21 - 10/30/24
|
12,863,695
|
Lenskart Solutions Pvt Ltd
|
4/30/24
|
9,022,526
|
Pine Labs Pvt Ltd
|
6/30/21
|
3,233,849
|
Pine Labs Pvt Ltd Series 1
|
6/30/21
|
7,728,303
|
Pine Labs Pvt Ltd Series A
|
6/30/21
|
1,931,449
|
Pine Labs Pvt Ltd Series B
|
6/30/21
|
2,101,473
|
Pine Labs Pvt Ltd Series B2
|
6/30/21
|
1,699,903
|
Pine Labs Pvt Ltd Series C
|
6/30/21
|
3,161,514
|
Pine Labs Pvt Ltd Series C1
|
6/30/21
|
666,335
|
Pine Labs Pvt Ltd Series D
|
6/30/21
|
712,570
|
Revolut Group Holdings Ltd
|
12/27/24
|
22,037,614
|
Starling Bank Ltd Class D
|
6/18/21
|
11,126,191
|
Valsoft Corp Series A-1.2
|
3/14/25
|
12,018,266
|
Valsoft Corp Series A-1.3
|
3/17/25
|
3,603,455
|
Valsoft Corp Series A-1.4
|
3/17/25
|
6,172,730
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
267,528,251
|
1,630,168,992
|
1,493,601,523
|
4,715,285
|
-
|
-
|
404,095,720
|
404,014,917
|
0.7%
|
Fidelity Securities Lending Cash Central Fund
|
23,907,178
|
762,572,245
|
604,698,134
|
191,645
|
-
|
-
|
181,781,289
|
181,763,113
|
0.6%
|
Total
|
291,435,429
|
2,392,741,237
|
2,098,299,657
|
4,906,930
|
-
|
-
|
585,877,009
|
||
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
IperionX Ltd
|
48,120,514
|
-
|
1,433,760
|
-
|
348,533
|
3,017,024
|
50,052,311
|
21,820,344
|
Total
|
48,120,514
|
-
|
1,433,760
|
-
|
348,533
|
3,017,024
|
50,052,311
|
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
651,360,058
|
397,017,709
|
254,342,349
|
-
|
Consumer Discretionary
|
1,326,056,768
|
777,331,212
|
537,810,094
|
10,915,462
|
Consumer Staples
|
239,716,084
|
-
|
239,716,084
|
-
|
Energy
|
113,429,789
|
90,199,233
|
23,230,556
|
-
|
Financials
|
2,648,878,202
|
657,835,402
|
1,951,871,924
|
39,170,876
|
Health Care
|
751,619,598
|
352,999,166
|
398,620,432
|
-
|
Industrials
|
2,403,507,201
|
495,811,506
|
1,907,695,695
|
-
|
Information Technology
|
1,278,818,116
|
606,422,509
|
657,730,127
|
14,665,480
|
Materials
|
354,918,875
|
170,852,413
|
184,066,462
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
27,859,878
|
-
|
-
|
27,859,878
|
Health Care
|
5,067,461
|
-
|
-
|
5,067,461
|
Information Technology
|
62,360,912
|
-
|
-
|
62,360,912
|
Money Market Funds
|
585,877,009
|
585,877,009
|
-
|
-
|
Total Investments in Securities:
|
10,449,469,951
|
4,134,346,159
|
6,155,083,723
|
160,040,069
|
Beginning Balance ($)
|
Net Realized Gain (Loss) on Investement Securities ($)
|
Net Unrealized Gain (Loss) on Investement Securities ($)
|
Cost of Purchases ($)
|
Proceeds of Sales ($)
|
Amoritization/
Accretion ($)
|
Transfers into Level 3 ($)
|
Transfers out of Level 3 ($)
|
Ending Balance ($)
|
The Change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2025($)
|
|
Common Stocks
|
48,790,355
|
407
|
(6,076,558)
|
22,037,614
|
-
|
-
|
-
|
-
|
64,751,818
|
(6,076,558)
|
Convertible Preferred Stocks
|
71,851,148
|
(222,389)
|
3,001,899
|
21,794,452
|
(1,136,859)
|
-
|
-
|
-
|
95,288,251
|
3,001,899
|
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $168,854,325) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $6,495,864,840)
|
$
|
9,813,540,631
|
||
Fidelity Central Funds (cost $585,877,009)
|
585,877,009
|
|||
Other affiliated issuers (cost $20,574,030)
|
50,052,311
|
|||
Total Investment in Securities (cost $7,102,315,879)
|
$
|
10,449,469,951
|
||
Foreign currency held at value (cost $380,288)
|
379,137
|
|||
Receivable for investments sold
|
1,327,806
|
|||
Receivable for fund shares sold
|
2,785,484
|
|||
Dividends receivable
|
27,805,122
|
|||
Reclaims receivable
|
31,339,322
|
|||
Distributions receivable from Fidelity Central Funds
|
1,257,124
|
|||
Prepaid expenses
|
2,891
|
|||
Other receivables
|
2,976,786
|
|||
Total assets
|
10,517,343,623
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
17,970,234
|
||
Payable for fund shares redeemed
|
12,234,519
|
|||
Accrued management fee
|
5,056,129
|
|||
Distribution and service plan fees payable
|
38,904
|
|||
Deferred taxes
|
3,882,371
|
|||
Other payables and accrued expenses
|
188,024
|
|||
Collateral on securities loaned
|
181,781,289
|
|||
Total liabilities
|
221,151,470
|
|||
Net Assets
|
$
|
10,296,192,153
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
7,435,918,622
|
||
Total accumulated earnings (loss)
|
2,860,273,531
|
|||
Net Assets
|
$
|
10,296,192,153
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($144,062,527 ÷ 2,786,143 shares)(a)
|
$
|
51.71
|
||
Maximum offering price per share (100/94.25 of $51.71)
|
$
|
54.86
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($18,084,526 ÷ 353,161 shares)(a)
|
$
|
51.21
|
||
Maximum offering price per share (100/96.50 of $51.21)
|
$
|
53.07
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($4,373,911 ÷ 86,535 shares)(a)
|
$
|
50.54
|
||
International Discovery :
|
||||
Net Asset Value, offering price and redemption price per share ($3,833,019,313 ÷ 73,510,519 shares)
|
$
|
52.14
|
||
Class K :
|
||||
Net Asset Value, offering price and redemption price per share ($556,757,913 ÷ 10,721,552 shares)
|
$
|
51.93
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($805,870,192 ÷ 15,539,305 shares)
|
$
|
51.86
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($4,934,023,771 ÷ 95,203,658 shares)
|
$
|
51.83
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
92,201,563
|
||
Foreign Tax Reclaims
|
8,427,184
|
|||
Income from Fidelity Central Funds (including $191,645 from security lending)
|
4,906,930
|
|||
Income before foreign taxes withheld
|
$
|
105,535,677
|
||
Less foreign taxes withheld
|
(11,243,845)
|
|||
Total income
|
94,291,832
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
35,734,924
|
||
Performance adjustment
|
(7,032,099)
|
|||
Distribution and service plan fees
|
242,345
|
|||
Custodian fees and expenses
|
288,638
|
|||
Independent trustees' fees and expenses
|
21,627
|
|||
Registration fees
|
129,376
|
|||
Audit fees
|
81,878
|
|||
Legal
|
6,292
|
|||
Miscellaneous
|
16,431
|
|||
Total expenses before reductions
|
29,489,412
|
|||
Expense reductions
|
(5,321)
|
|||
Total expenses after reductions
|
29,484,091
|
|||
Net Investment income (loss)
|
64,807,741
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $5,124,635)
|
(18,378,177)
|
|||
Affiliated issuers
|
348,533
|
|||
Foreign currency transactions
|
482,187
|
|||
Total net realized gain (loss)
|
(17,547,457)
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $8,524,003)
|
618,721,919
|
|||
Affiliated issuers
|
3,017,024
|
|||
Assets and liabilities in foreign currencies
|
2,700,756
|
|||
Total change in net unrealized appreciation (depreciation)
|
624,439,699
|
|||
Net gain (loss)
|
606,892,242
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
671,699,983
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
64,807,741
|
$
|
124,753,922
|
Net realized gain (loss)
|
(17,547,457)
|
272,609,663
|
||
Change in net unrealized appreciation (depreciation)
|
624,439,699
|
1,734,690,881
|
||
Net increase (decrease) in net assets resulting from operations
|
671,699,983
|
2,132,054,466
|
||
Distributions to shareholders
|
(278,640,123)
|
(157,784,315)
|
||
Share transactions - net increase (decrease)
|
62,098,518
|
731,093,896
|
||
Total increase (decrease) in net assets
|
455,158,378
|
2,705,364,047
|
||
Net Assets
|
||||
Beginning of period
|
9,841,033,775
|
7,135,669,728
|
||
End of period
|
$
|
10,296,192,153
|
$
|
9,841,033,775
|
Fidelity Advisor® International Discovery Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
49.70
|
$
|
39.12
|
$
|
36.68
|
$
|
58.79
|
$
|
45.84
|
$
|
43.31
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.24
|
.50
|
.49
|
.56 C
|
.18
|
.16
|
||||||
Net realized and unrealized gain (loss)
|
3.01
|
10.78
|
1.95
|
(16.91)
|
14.60
|
3.27
|
||||||
Total from investment operations
|
3.25
|
11.28
|
2.44
|
(16.35)
|
14.78
|
3.43
|
||||||
Distributions from net investment income
|
(1.24)
|
(.70)
|
-
|
(1.38)
|
(.12)
|
(.62)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.71)
|
(.28)
|
||||||
Total distributions
|
(1.24)
|
(.70)
|
-
|
(5.76)
|
(1.83)
|
(.90)
|
||||||
Net asset value, end of period
|
$
|
51.71
|
$
|
49.70
|
$
|
39.12
|
$
|
36.68
|
$
|
58.79
|
$
|
45.84
|
Total Return D,E,F
|
6.68 % |
29.14%
|
6.65%
|
(30.57)%
|
32.86%
|
8.02%
|
||||||
Ratios to Average Net Assets B,G,H
|
||||||||||||
Expenses before reductions
|
.91% I
|
.88%
|
1.00%
|
1.31%
|
1.32%
|
1.36%
|
||||||
Expenses net of fee waivers, if any
|
.91 % I |
.87%
|
.99%
|
1.30%
|
1.32%
|
1.36%
|
||||||
Expenses net of all reductions, if any
|
.91% I
|
.87%
|
.99%
|
1.30%
|
1.32%
|
1.36%
|
||||||
Net investment income (loss)
|
.98% I
|
1.05%
|
1.17%
|
1.27% C
|
.32%
|
.38%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
144,063
|
$
|
143,018
|
$
|
122,305
|
$
|
130,702
|
$
|
206,114
|
$
|
172,784
|
Portfolio turnover rate J
|
52 % I |
44% K
|
49% K
|
43% K
|
41% K
|
34% K
|
Fidelity Advisor® International Discovery Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
49.16
|
$
|
38.71
|
$
|
36.38
|
$
|
58.35
|
$
|
45.53
|
$
|
43.01
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.18
|
.38
|
.38
|
.45 C
|
.04
|
.06
|
||||||
Net realized and unrealized gain (loss)
|
2.98
|
10.67
|
1.95
|
(16.81)
|
14.51
|
3.24
|
||||||
Total from investment operations
|
3.16
|
11.05
|
2.33
|
(16.36)
|
14.55
|
3.30
|
||||||
Distributions from net investment income
|
(1.11)
|
(.60)
|
-
|
(1.23)
|
(.02)
|
(.51)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.71)
|
(.28)
|
||||||
Total distributions
|
(1.11)
|
(.60)
|
-
|
(5.61)
|
(1.73)
|
(.78) D
|
||||||
Net asset value, end of period
|
$
|
51.21
|
$
|
49.16
|
$
|
38.71
|
$
|
36.38
|
$
|
58.35
|
$
|
45.53
|
Total Return E,F,G
|
6.56 % |
28.81%
|
6.40%
|
(30.76)%
|
32.53%
|
7.77%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.16% J
|
1.13%
|
1.24%
|
1.55%
|
1.57%
|
1.61%
|
||||||
Expenses net of fee waivers, if any
|
1.16 % J |
1.12%
|
1.24%
|
1.55%
|
1.57%
|
1.61%
|
||||||
Expenses net of all reductions, if any
|
1.16% J
|
1.12%
|
1.23%
|
1.55%
|
1.57%
|
1.60%
|
||||||
Net investment income (loss)
|
.73% J
|
.80%
|
.93%
|
1.02% C
|
.07%
|
.13%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
18,085
|
$
|
17,503
|
$
|
15,275
|
$
|
16,100
|
$
|
25,178
|
$
|
21,333
|
Portfolio turnover rate K
|
52 % J |
44% L
|
49% L
|
43% L
|
41% L
|
34% L
|
Fidelity Advisor® International Discovery Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
48.41
|
$
|
38.06
|
$
|
35.96
|
$
|
57.59
|
$
|
45.18
|
$
|
42.60
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.06
|
.14
|
.16
|
.21 C
|
(.27)
|
(.18)
|
||||||
Net realized and unrealized gain (loss)
|
2.93
|
10.54
|
1.94
|
(16.66)
|
14.38
|
3.22
|
||||||
Total from investment operations
|
2.99
|
10.68
|
2.10
|
(16.45)
|
14.11
|
3.04
|
||||||
Distributions from net investment income
|
(.86)
|
(.33)
|
-
|
(.80)
|
-
|
(.19)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.70)
|
(.28)
|
||||||
Total distributions
|
(.86)
|
(.33)
|
-
|
(5.18)
|
(1.70)
|
(.46) D
|
||||||
Net asset value, end of period
|
$
|
50.54
|
$
|
48.41
|
$
|
38.06
|
$
|
35.96
|
$
|
57.59
|
$
|
45.18
|
Total Return E,F,G
|
6.27 % |
28.20%
|
5.84%
|
(31.14)%
|
31.79%
|
7.19%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.66% J
|
1.62%
|
1.77%
|
2.10%
|
2.14%
|
2.16%
|
||||||
Expenses net of fee waivers, if any
|
1.66 % J |
1.62%
|
1.76%
|
2.10%
|
2.13%
|
2.15%
|
||||||
Expenses net of all reductions, if any
|
1.66% J
|
1.62%
|
1.76%
|
2.10%
|
2.13%
|
2.15%
|
||||||
Net investment income (loss)
|
.23% J
|
.31%
|
.40%
|
.48% C
|
(.50)%
|
(.41)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,374
|
$
|
4,485
|
$
|
4,391
|
$
|
5,429
|
$
|
10,230
|
$
|
10,714
|
Portfolio turnover rate K
|
52 % J |
44% L
|
49% L
|
43% L
|
41% L
|
34% L
|
Fidelity® International Discovery Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
50.17
|
$
|
39.51
|
$
|
37.04
|
$
|
59.31
|
$
|
46.20
|
$
|
43.65
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.32
|
.65
|
.63
|
.72 C
|
.36
|
.32
|
||||||
Net realized and unrealized gain (loss)
|
3.03
|
10.86
|
1.98
|
(17.07)
|
14.71
|
3.29
|
||||||
Total from investment operations
|
3.35
|
11.51
|
2.61
|
(16.35)
|
15.07
|
3.61
|
||||||
Distributions from net investment income
|
(1.38)
|
(.85)
|
(.14)
|
(1.54)
|
(.25)
|
(.78)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.71)
|
(.28)
|
||||||
Total distributions
|
(1.38)
|
(.85)
|
(.14)
|
(5.92)
|
(1.96)
|
(1.06)
|
||||||
Net asset value, end of period
|
$
|
52.14
|
$
|
50.17
|
$
|
39.51
|
$
|
37.04
|
$
|
59.31
|
$
|
46.20
|
Total Return D,E
|
6.83 % |
29.52%
|
7.04%
|
(30.36)%
|
33.29%
|
8.39%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.62% H
|
.58%
|
.66%
|
.98%
|
.99%
|
1.02%
|
||||||
Expenses net of fee waivers, if any
|
.62 % H |
.58%
|
.65%
|
.97%
|
.99%
|
1.02%
|
||||||
Expenses net of all reductions, if any
|
.62% H
|
.58%
|
.65%
|
.97%
|
.99%
|
1.01%
|
||||||
Net investment income (loss)
|
1.27% H
|
1.35%
|
1.51%
|
1.60% C
|
.65%
|
.72%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
3,833,019
|
$
|
3,704,910
|
$
|
3,352,940
|
$
|
3,385,800
|
$
|
5,117,474
|
$
|
6,784,273
|
Portfolio turnover rate I
|
52 % H |
44% J
|
49% J
|
43% J
|
41% J
|
34% J
|
Fidelity® International Discovery Fund Class K |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
50.01
|
$
|
39.39
|
$
|
36.93
|
$
|
59.18
|
$
|
46.10
|
$
|
43.55
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.34
|
.68
|
.68
|
.78 C
|
.41
|
.36
|
||||||
Net realized and unrealized gain (loss)
|
3.02
|
10.83
|
1.96
|
(17.02)
|
14.67
|
3.29
|
||||||
Total from investment operations
|
3.36
|
11.51
|
2.64
|
(16.24)
|
15.08
|
3.65
|
||||||
Distributions from net investment income
|
(1.44)
|
(.89)
|
(.18)
|
(1.62)
|
(.29)
|
(.82)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.71)
|
(.28)
|
||||||
Total distributions
|
(1.44)
|
(.89)
|
(.18)
|
(6.01) D
|
(2.00)
|
(1.10)
|
||||||
Net asset value, end of period
|
$
|
51.93
|
$
|
50.01
|
$
|
39.39
|
$
|
36.93
|
$
|
59.18
|
$
|
46.10
|
Total Return E,F
|
6.88 % |
29.64%
|
7.15%
|
(30.28)%
|
33.40%
|
8.52%
|
||||||
Ratios to Average Net Assets A,G,H
|
||||||||||||
Expenses before reductions
|
.55% I
|
.51%
|
.55%
|
.87%
|
.90%
|
.91%
|
||||||
Expenses net of fee waivers, if any
|
.55 % I |
.51%
|
.54%
|
.87%
|
.90%
|
.91%
|
||||||
Expenses net of all reductions, if any
|
.55% I
|
.51%
|
.54%
|
.87%
|
.90%
|
.91%
|
||||||
Net investment income (loss)
|
1.35% I
|
1.41%
|
1.62%
|
1.71% C
|
.74%
|
.83%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
556,758
|
$
|
645,612
|
$
|
476,117
|
$
|
602,552
|
$
|
1,371,352
|
$
|
1,400,517
|
Portfolio turnover rate J
|
52 % I |
44% K
|
49% K
|
43% K
|
41% K
|
34% K
|
Fidelity Advisor® International Discovery Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
49.96
|
$
|
39.35
|
$
|
36.90
|
$
|
59.15
|
$
|
46.08
|
$
|
43.53
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.31
|
.62
|
.63
|
.69 C
|
.35
|
.31
|
||||||
Net realized and unrealized gain (loss)
|
3.02
|
10.83
|
1.96
|
(16.99)
|
14.67
|
3.28
|
||||||
Total from investment operations
|
3.33
|
11.45
|
2.59
|
(16.30)
|
15.02
|
3.59
|
||||||
Distributions from net investment income
|
(1.43)
|
(.84)
|
(.14)
|
(1.57)
|
(.24)
|
(.76)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.71)
|
(.28)
|
||||||
Total distributions
|
(1.43)
|
(.84)
|
(.14)
|
(5.95)
|
(1.95)
|
(1.04)
|
||||||
Net asset value, end of period
|
$
|
51.86
|
$
|
49.96
|
$
|
39.35
|
$
|
36.90
|
$
|
59.15
|
$
|
46.08
|
Total Return D,E
|
6.82 % |
29.49%
|
7.01%
|
(30.37)%
|
33.26%
|
8.37%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.66% H
|
.62%
|
.67%
|
.99%
|
1.02%
|
1.04%
|
||||||
Expenses net of fee waivers, if any
|
.66 % H |
.62%
|
.66%
|
.99%
|
1.02%
|
1.04%
|
||||||
Expenses net of all reductions, if any
|
.66% H
|
.62%
|
.66%
|
.99%
|
1.02%
|
1.03%
|
||||||
Net investment income (loss)
|
1.23% H
|
1.30%
|
1.50%
|
1.59% C
|
.62%
|
.70%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
805,870
|
$
|
776,727
|
$
|
496,845
|
$
|
509,367
|
$
|
565,667
|
$
|
388,405
|
Portfolio turnover rate I
|
52 % H |
44% J
|
49% J
|
43% J
|
41% J
|
34% J
|
Fidelity Advisor® International Discovery Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
49.93
|
$
|
39.33
|
$
|
36.88
|
$
|
59.14
|
$
|
46.07
|
$
|
43.52
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.33
|
.68
|
.67
|
.76 C
|
.43
|
.36
|
||||||
Net realized and unrealized gain (loss)
|
3.03
|
10.82
|
1.97
|
(16.99)
|
14.64
|
3.29
|
||||||
Total from investment operations
|
3.36
|
11.50
|
2.64
|
(16.23)
|
15.07
|
3.65
|
||||||
Distributions from net investment income
|
(1.46)
|
(.90)
|
(.19)
|
(1.65)
|
(.29)
|
(.82)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(4.38)
|
(1.71)
|
(.28)
|
||||||
Total distributions
|
(1.46)
|
(.90)
|
(.19)
|
(6.03)
|
(2.00)
|
(1.10)
|
||||||
Net asset value, end of period
|
$
|
51.83
|
$
|
49.93
|
$
|
39.33
|
$
|
36.88
|
$
|
59.14
|
$
|
46.07
|
Total Return D,E
|
6.89 % |
29.65%
|
7.14%
|
(30.29)%
|
33.40%
|
8.53%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.55% H
|
.52%
|
.55%
|
.87%
|
.90%
|
.91%
|
||||||
Expenses net of fee waivers, if any
|
.55 % H |
.51%
|
.54%
|
.87%
|
.90%
|
.91%
|
||||||
Expenses net of all reductions, if any
|
.55% H
|
.51%
|
.54%
|
.87%
|
.90%
|
.91%
|
||||||
Net investment income (loss)
|
1.35% H
|
1.41%
|
1.62%
|
1.71% C
|
.74%
|
.83%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,934,024
|
$
|
4,548,779
|
$
|
2,667,797
|
$
|
2,720,340
|
$
|
3,972,323
|
$
|
53,963
|
Portfolio turnover rate I
|
52 % H |
44% J
|
49% J
|
43% J
|
41% J
|
34% J
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Asset Type
|
Fair Value
|
Valuation Technique(s)
|
Unobservable Input
|
Amount or Range/Weighted Average
|
Impact to Valuation from an Increase in InputA
|
Common Stocks
|
$64,751,818
|
Market comparable
|
Enterprise value/Net income (EV/NI)
|
14.3 - 14.8 / 14.5
|
Increase
|
Enterprise value/Revenue multiple (EV/R)
|
2.3 - 12.3 / 7.8
|
Increase
|
|||
Recovery value
|
Recovery value
|
$0.00
|
Increase
|
||
Black scholes
|
Discount rate
|
1.7%
|
Increase
|
||
Term
|
2.0
|
Increase
|
|||
Volatility
|
75.0%
|
Increase
|
|||
Convertible Preferred Stocks
|
$95,288,251
|
Market comparable
|
Enterprise value/EBITDA multiple (EV/EBITDA)
|
14.0
|
Increase
|
Enterprise value/Revenue multiple (EV/R)
|
1.8 - 12.3 / 5.6
|
Increase
|
|||
Market approach
|
Discount rate
|
10.0%
|
Decrease
|
||
Transaction price
|
$15.40
|
Increase
|
|||
Black scholes
|
Discount rate
|
3.9%
|
Increase
|
||
Term
|
3.0
|
Increase
|
|||
Volatility
|
60.0%
|
Increase
|
Gross unrealized appreciation
|
$3,257,679,287
|
Gross unrealized depreciation
|
(144,721,503)
|
Net unrealized appreciation (depreciation)
|
$3,112,957,784
|
Tax cost
|
$7,336,512,167
|
Short-term
|
$(278,889,671)
|
Total capital loss carryforward
|
$(278,889,671)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Discovery Fund
|
2,537,409,850
|
2,809,144,400
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity International Discovery Fund
|
872,951
|
9,303,152
|
36,396,996
|
Shares
|
Total Proceeds ($)
|
|
Fidelity International Discovery Fund
|
95,277
|
4,686,699
|
Maximum Management Fee Rate %
|
|
Class A
|
.84
|
Class M
|
.84
|
Class C
|
.84
|
International Discovery
|
.78
|
Class K
|
.68
|
Class I
|
.80
|
Class Z
|
.68
|
Total Management Fee Rate %
|
|
Class A
|
.79
|
Class M
|
.79
|
Class C
|
.79
|
International Discovery
|
.75
|
Class K
|
.68
|
Class I
|
.79
|
Class Z
|
.68
|
Performance Adjustment Index
|
|
Fidelity International Discovery Fund
|
MSCI EAFE Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
177,108
|
2,630
|
Class M
|
.25%
|
.25%
|
43,618
|
525
|
Class C
|
.75%
|
.25%
|
21,619
|
2,190
|
242,345
|
5,345
|
Retained by FDC ($)
|
|
Class A
|
2,574
|
Class M
|
812
|
Class CA
|
69
|
3,455
|
Amount ($)
|
|
Fidelity International Discovery Fund
|
5,395
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Discovery Fund
|
67,271,653
|
155,775,810
|
(19,831,663)
|
Amount ($)
|
|
Fidelity International Discovery Fund
|
7,736
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Discovery Fund
|
19,898
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Discovery Fund
|
||
Distributions to shareholders
|
||
Class A
|
$3,553,974
|
$2,140,472
|
Class M
|
392,108
|
232,905
|
Class C
|
79,580
|
36,776
|
International Discovery
|
101,373,792
|
70,858,650
|
Class K
|
17,514,884
|
9,876,323
|
Class I
|
22,644,236
|
10,533,622
|
Class Z
|
133,081,549
|
64,105,567
|
Total
|
$278,640,123
|
$157,784,315
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity International Discovery Fund
|
||||
Class A
|
||||
Shares sold
|
83,837
|
128,704
|
$4,169,580
|
$6,133,183
|
Reinvestment of distributions
|
71,602
|
50,196
|
3,507,794
|
2,114,271
|
Shares redeemed
|
(247,037)
|
(427,825)
|
(12,246,296)
|
(20,180,822)
|
Net increase (decrease)
|
(91,598)
|
(248,925)
|
$(4,568,922)
|
$(11,933,368)
|
Class M
|
||||
Shares sold
|
10,697
|
11,065
|
$525,835
|
$514,154
|
Reinvestment of distributions
|
8,014
|
5,531
|
389,159
|
230,983
|
Shares redeemed
|
(21,562)
|
(55,236)
|
(1,053,015)
|
(2,576,685)
|
Net increase (decrease)
|
(2,851)
|
(38,640)
|
$(138,021)
|
$(1,831,548)
|
Class C
|
||||
Shares sold
|
7,060
|
12,469
|
$342,124
|
$581,189
|
Reinvestment of distributions
|
1,644
|
889
|
78,954
|
36,710
|
Shares redeemed
|
(14,807)
|
(36,076)
|
(715,140)
|
(1,658,420)
|
Net increase (decrease)
|
(6,103)
|
(22,718)
|
$(294,062)
|
$(1,040,521)
|
International Discovery
|
||||
Shares sold
|
3,232,410
|
6,202,249
|
$162,207,044
|
$302,448,143
|
Reinvestment of distributions
|
1,875,836
|
1,538,643
|
92,572,519
|
65,253,862
|
Shares redeemed
|
(5,445,231)
|
(18,763,133)
|
(272,134,567)
|
(912,040,994)
|
Net increase (decrease)
|
(336,985)
|
(11,022,241)
|
$(17,355,004)
|
$(544,338,989)
|
Class K
|
||||
Shares sold
|
1,029,506
|
3,777,457
|
$51,173,820
|
$182,664,593
|
Reinvestment of distributions
|
356,501
|
233,814
|
17,514,884
|
9,876,323
|
Shares redeemed
|
(3,574,490)
|
(3,189,382)
|
(178,766,014)
|
(146,659,863)
|
Net increase (decrease)
|
(2,188,483)
|
821,889
|
$(110,077,310)
|
$45,881,053
|
Class I
|
||||
Shares sold
|
4,653,727
|
5,546,246
|
$224,293,808
|
$270,048,189
|
Reinvestment of distributions
|
103,131
|
48,017
|
5,062,699
|
2,028,708
|
Shares redeemed
|
(4,763,369)
|
(2,674,032)
|
(230,277,332)
|
(125,179,604)
|
Net increase (decrease)
|
(6,511)
|
2,920,231
|
$(920,825)
|
$146,897,293
|
Class Z
|
||||
Shares sold
|
4,352,151
|
22,189,059
|
$211,668,813
|
$1,054,486,022
|
Reinvestment of distributions
|
2,691,652
|
1,513,180
|
131,971,709
|
63,825,921
|
Shares redeemed
|
(2,935,938)
|
(433,995)
|
(148,187,860)
|
(20,851,967)
|
Net increase (decrease)
|
4,107,865
|
23,268,244
|
$195,452,662
|
$1,097,459,976
|
Strategic Advisers Fidelity International Fund
|
|
Fidelity International Discovery Fund
|
37%
|
Fund
|
% of shares held
|
Fidelity International Discovery Fund
|
48%
|
![]() |
Contents
Common Stocks - 96.1%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 0.6%
|
|||
Consumer Discretionary - 0.6%
|
|||
Hotels, Restaurants & Leisure - 0.6%
|
|||
Aristocrat Leisure Ltd
|
1,549,713
|
66,186,766
|
|
BELGIUM - 1.1%
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
KBC Group NV
|
741,100
|
68,054,340
|
|
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
UCB SA
|
344,120
|
62,822,126
|
|
TOTAL BELGIUM
|
130,876,466
|
||
BRAZIL - 0.8%
|
|||
Consumer Discretionary - 0.6%
|
|||
Broadline Retail - 0.6%
|
|||
MercadoLibre Inc (a)
|
27,400
|
63,865,290
|
|
Materials - 0.2%
|
|||
Metals & Mining - 0.2%
|
|||
Vale SA
|
2,638,100
|
24,572,032
|
|
TOTAL BRAZIL
|
88,437,322
|
||
CANADA - 4.8%
|
|||
Consumer Staples - 0.6%
|
|||
Consumer Staples Distribution & Retail - 0.6%
|
|||
Alimentation Couche-Tard Inc
|
1,257,090
|
65,617,435
|
|
Energy - 1.7%
|
|||
Oil, Gas & Consumable Fuels - 1.7%
|
|||
Cameco Corp
|
395,181
|
17,838,469
|
|
Canadian Natural Resources Ltd
|
3,092,051
|
88,728,810
|
|
Imperial Oil Ltd
|
1,160,614
|
78,286,302
|
|
MEG Energy Corp
|
1,016,509
|
14,260,325
|
|
199,113,906
|
|||
Industrials - 0.4%
|
|||
Professional Services - 0.4%
|
|||
Thomson Reuters Corp
|
314,544
|
58,530,373
|
|
Information Technology - 1.2%
|
|||
Software - 1.2%
|
|||
Constellation Software Inc/Canada
|
37,856
|
136,429,608
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(b)
|
50,399
|
4
|
|
136,429,612
|
|||
Materials - 0.9%
|
|||
Metals & Mining - 0.9%
|
|||
Franco-Nevada Corp
|
599,651
|
103,048,976
|
|
TOTAL CANADA
|
562,740,302
|
||
CHILE - 0.3%
|
|||
Materials - 0.3%
|
|||
Metals & Mining - 0.3%
|
|||
Antofagasta PLC
|
1,695,900
|
36,907,856
|
|
CHINA - 0.6%
|
|||
Consumer Discretionary - 0.6%
|
|||
Broadline Retail - 0.6%
|
|||
Prosus NV Class N
|
1,623,050
|
76,096,062
|
|
CONGO DEMOCRATIC REPUBLIC OF - 0.2%
|
|||
Materials - 0.2%
|
|||
Metals & Mining - 0.2%
|
|||
Ivanhoe Mine Ltd Class A (a)
|
2,251,288
|
19,988,224
|
|
DENMARK - 2.7%
|
|||
Health Care - 1.3%
|
|||
Pharmaceuticals - 1.3%
|
|||
Novo Nordisk A/S Series B
|
2,320,448
|
155,148,783
|
|
Industrials - 1.4%
|
|||
Air Freight & Logistics - 1.4%
|
|||
DSV A/S
|
773,303
|
163,909,223
|
|
TOTAL DENMARK
|
319,058,006
|
||
FRANCE - 9.3%
|
|||
Consumer Discretionary - 1.7%
|
|||
Hotels, Restaurants & Leisure - 0.2%
|
|||
Accor SA
|
537,800
|
26,288,996
|
|
Textiles, Apparel & Luxury Goods - 1.5%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
292,555
|
162,054,768
|
|
TOTAL CONSUMER DISCRETIONARY
|
188,343,764
|
||
Consumer Staples - 0.2%
|
|||
Food Products - 0.2%
|
|||
Danone SA
|
326,056
|
28,055,950
|
|
Financials - 1.1%
|
|||
Capital Markets - 0.2%
|
|||
Amundi SA (c)(d)
|
349,469
|
27,455,384
|
|
Insurance - 0.9%
|
|||
AXA SA
|
2,262,222
|
106,993,829
|
|
TOTAL FINANCIALS
|
134,449,213
|
||
Health Care - 1.2%
|
|||
Health Care Equipment & Supplies - 1.2%
|
|||
EssilorLuxottica SA
|
485,100
|
138,870,157
|
|
Industrials - 3.2%
|
|||
Aerospace & Defense - 2.5%
|
|||
Safran SA
|
470,591
|
125,233,480
|
|
Thales SA
|
583,917
|
163,568,212
|
|
288,801,692
|
|||
Electrical Equipment - 0.7%
|
|||
Legrand SA
|
729,066
|
80,124,229
|
|
TOTAL INDUSTRIALS
|
368,925,921
|
||
Information Technology - 0.7%
|
|||
IT Services - 0.4%
|
|||
Alten SA
|
67,715
|
5,672,773
|
|
Capgemini SE
|
235,130
|
37,539,054
|
|
43,211,827
|
|||
Software - 0.3%
|
|||
Dassault Systemes SE
|
1,047,418
|
39,253,170
|
|
TOTAL INFORMATION TECHNOLOGY
|
82,464,997
|
||
Materials - 1.2%
|
|||
Chemicals - 1.2%
|
|||
Air Liquide SA
|
705,954
|
145,058,164
|
|
TOTAL FRANCE
|
1,086,168,166
|
||
GERMANY - 11.9%
|
|||
Communication Services - 0.2%
|
|||
Diversified Telecommunication Services - 0.2%
|
|||
Deutsche Telekom AG
|
490,200
|
17,606,771
|
|
Financials - 5.5%
|
|||
Capital Markets - 1.4%
|
|||
Deutsche Boerse AG
|
493,849
|
159,065,749
|
|
Insurance - 4.1%
|
|||
Allianz SE
|
579,817
|
239,798,793
|
|
Hannover Rueck SE
|
313,221
|
100,204,672
|
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a)
|
207,242
|
141,879,817
|
|
481,883,282
|
|||
TOTAL FINANCIALS
|
640,949,031
|
||
Health Care - 1.2%
|
|||
Health Care Providers & Services - 1.1%
|
|||
Fresenius SE & Co KGaA (a)
|
2,720,295
|
128,814,483
|
|
Pharmaceuticals - 0.1%
|
|||
Merck KGaA
|
123,692
|
17,081,174
|
|
TOTAL HEALTH CARE
|
145,895,657
|
||
Industrials - 1.5%
|
|||
Aerospace & Defense - 0.1%
|
|||
Rheinmetall AG
|
7,621
|
12,978,964
|
|
Electrical Equipment - 0.6%
|
|||
Siemens Energy AG (a)
|
886,093
|
68,391,921
|
|
Industrial Conglomerates - 0.8%
|
|||
Siemens AG
|
387,924
|
89,323,891
|
|
TOTAL INDUSTRIALS
|
170,694,776
|
||
Information Technology - 2.7%
|
|||
Software - 2.7%
|
|||
SAP SE
|
1,095,145
|
320,426,985
|
|
Materials - 0.8%
|
|||
Construction Materials - 0.8%
|
|||
Heidelberg Materials AG
|
492,995
|
97,316,775
|
|
TOTAL GERMANY
|
1,392,889,995
|
||
HONG KONG - 0.0%
|
|||
Financials - 0.0%
|
|||
Insurance - 0.0%
|
|||
AIA Group Ltd
|
1,556,239
|
11,660,768
|
|
INDIA - 1.5%
|
|||
Financials - 1.3%
|
|||
Banks - 1.1%
|
|||
HDFC Bank Ltd
|
5,617,204
|
127,415,858
|
|
Capital Markets - 0.2%
|
|||
Fairfax India Holdings Corp Subordinate Voting Shares (a)(c)(d)
|
1,206,268
|
20,566,869
|
|
TOTAL FINANCIALS
|
147,982,727
|
||
Industrials - 0.2%
|
|||
Aerospace & Defense - 0.2%
|
|||
Hindustan Aeronautics Ltd (d)
|
503,600
|
26,668,949
|
|
TOTAL INDIA
|
174,651,676
|
||
INDONESIA - 0.4%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
Bank Central Asia Tbk PT
|
96,369,256
|
51,238,629
|
|
IRELAND - 0.5%
|
|||
Industrials - 0.5%
|
|||
Building Products - 0.5%
|
|||
Kingspan Group PLC
|
646,911
|
54,450,987
|
|
ITALY - 3.0%
|
|||
Financials - 2.5%
|
|||
Banks - 2.5%
|
|||
FinecoBank Banca Fineco SpA
|
3,562,536
|
70,889,159
|
|
UniCredit SpA (e)
|
3,792,715
|
220,663,410
|
|
291,552,569
|
|||
Health Care - 0.1%
|
|||
Pharmaceuticals - 0.1%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
250,985
|
14,742,425
|
|
Industrials - 0.4%
|
|||
Machinery - 0.1%
|
|||
Interpump Group SpA
|
497,023
|
16,936,619
|
|
Passenger Airlines - 0.3%
|
|||
Ryanair Holdings PLC ADR
|
508,645
|
24,343,750
|
|
TOTAL INDUSTRIALS
|
41,280,369
|
||
TOTAL ITALY
|
347,575,363
|
||
JAPAN - 17.6%
|
|||
Communication Services - 1.6%
|
|||
Entertainment - 1.6%
|
|||
Capcom Co Ltd
|
1,665,683
|
48,218,365
|
|
Nintendo Co Ltd
|
1,631,297
|
135,430,290
|
|
183,648,655
|
|||
Consumer Discretionary - 0.8%
|
|||
Automobiles - 0.0%
|
|||
Toyota Motor Corp
|
609,000
|
11,631,546
|
|
Household Durables - 0.1%
|
|||
Panasonic Holdings Corp
|
1,061,500
|
12,171,126
|
|
Specialty Retail - 0.7%
|
|||
Fast Retailing Co Ltd
|
264,762
|
87,092,103
|
|
TOTAL CONSUMER DISCRETIONARY
|
110,894,775
|
||
Financials - 3.1%
|
|||
Banks - 1.1%
|
|||
Sumitomo Mitsui Financial Group Inc
|
5,508,827
|
131,425,262
|
|
Financial Services - 0.6%
|
|||
ORIX Corp
|
3,281,627
|
65,829,540
|
|
Insurance - 1.4%
|
|||
Tokio Marine Holdings Inc
|
4,106,167
|
164,584,930
|
|
TOTAL FINANCIALS
|
361,839,732
|
||
Health Care - 1.1%
|
|||
Health Care Equipment & Supplies - 1.1%
|
|||
Hoya Corp
|
1,083,072
|
127,440,954
|
|
Industrials - 7.5%
|
|||
Electrical Equipment - 0.5%
|
|||
Fuji Electric Co Ltd
|
1,261,878
|
56,111,621
|
|
Industrial Conglomerates - 2.6%
|
|||
Hitachi Ltd
|
12,129,791
|
299,794,030
|
|
Machinery - 2.2%
|
|||
Ebara Corp
|
1,437,201
|
21,589,339
|
|
IHI Corp
|
225,355
|
17,652,547
|
|
Kawasaki Heavy Industries Ltd
|
631,849
|
37,690,864
|
|
Mitsubishi Heavy Industries Ltd
|
9,235,238
|
182,052,834
|
|
258,985,584
|
|||
Professional Services - 0.4%
|
|||
BayCurrent Inc
|
860,293
|
46,355,689
|
|
Trading Companies & Distributors - 1.8%
|
|||
ITOCHU Corp
|
2,315,904
|
118,442,141
|
|
Mitsui & Co Ltd
|
3,534,582
|
71,473,215
|
|
MonotaRO Co Ltd
|
1,342,400
|
25,804,912
|
|
215,720,268
|
|||
TOTAL INDUSTRIALS
|
876,967,192
|
||
Information Technology - 2.5%
|
|||
IT Services - 0.7%
|
|||
Fujitsu Ltd
|
3,545,908
|
78,773,986
|
|
Semiconductors & Semiconductor Equipment - 1.3%
|
|||
Advantest Corp
|
1,061,500
|
44,408,860
|
|
Renesas Electronics Corp
|
3,268,605
|
38,357,942
|
|
Tokyo Electron Ltd
|
468,027
|
69,688,469
|
|
152,455,271
|
|||
Technology Hardware, Storage & Peripherals - 0.5%
|
|||
FUJIFILM Holdings Corp
|
2,924,145
|
59,893,474
|
|
TOTAL INFORMATION TECHNOLOGY
|
291,122,731
|
||
Materials - 1.0%
|
|||
Chemicals - 1.0%
|
|||
Shin-Etsu Chemical Co Ltd
|
3,797,700
|
115,569,682
|
|
TOTAL JAPAN
|
2,067,483,721
|
||
LUXEMBOURG - 0.5%
|
|||
Financials - 0.5%
|
|||
Capital Markets - 0.5%
|
|||
CVC Capital Partners PLC (a)(c)(d)
|
3,253,333
|
57,568,108
|
|
MEXICO - 0.0%
|
|||
Materials - 0.0%
|
|||
Construction Materials - 0.0%
|
|||
Cemex SAB de CV ADR
|
2,155,297
|
13,298,181
|
|
NETHERLANDS - 4.3%
|
|||
Health Care - 0.3%
|
|||
Biotechnology - 0.3%
|
|||
Argenx SE (a)
|
47,004
|
30,385,696
|
|
Industrials - 2.0%
|
|||
Professional Services - 1.6%
|
|||
Wolters Kluwer NV
|
1,059,513
|
186,581,863
|
|
Trading Companies & Distributors - 0.4%
|
|||
IMCD NV
|
401,693
|
53,173,517
|
|
TOTAL INDUSTRIALS
|
239,755,380
|
||
Information Technology - 2.0%
|
|||
Semiconductors & Semiconductor Equipment - 2.0%
|
|||
ASML Holding NV depository receipt
|
250,180
|
167,140,254
|
|
BE Semiconductor Industries NV
|
424,694
|
45,340,240
|
|
NXP Semiconductors NV
|
92,161
|
16,986,194
|
|
229,466,688
|
|||
TOTAL NETHERLANDS
|
499,607,764
|
||
SPAIN - 2.7%
|
|||
Consumer Discretionary - 0.3%
|
|||
Specialty Retail - 0.3%
|
|||
Industria de Diseno Textil SA (e)
|
654,771
|
35,040,616
|
|
Financials - 2.4%
|
|||
Banks - 2.4%
|
|||
Banco Santander SA
|
24,609,286
|
172,345,689
|
|
CaixaBank SA
|
14,607,702
|
111,956,421
|
|
284,302,110
|
|||
TOTAL SPAIN
|
319,342,726
|
||
SWEDEN - 3.1%
|
|||
Financials - 1.2%
|
|||
Financial Services - 1.2%
|
|||
Investor AB B Shares
|
4,866,259
|
143,639,097
|
|
Industrials - 1.9%
|
|||
Machinery - 1.9%
|
|||
Atlas Copco AB A Shares
|
5,103,525
|
79,122,986
|
|
Epiroc AB A Shares
|
866,900
|
18,727,301
|
|
Epiroc AB B Shares
|
424,091
|
8,301,486
|
|
Indutrade AB
|
4,025,382
|
108,615,139
|
|
214,766,912
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Kry International Ab (a)(b)(f)
|
123,307
|
2,431,974
|
|
TOTAL SWEDEN
|
360,837,983
|
||
SWITZERLAND - 2.5%
|
|||
Consumer Discretionary - 1.0%
|
|||
Textiles, Apparel & Luxury Goods - 1.0%
|
|||
Cie Financiere Richemont SA Series A
|
659,792
|
116,588,689
|
|
Financials - 1.5%
|
|||
Capital Markets - 1.5%
|
|||
Partners Group Holding AG
|
49,039
|
63,901,914
|
|
UBS Group AG
|
3,606,932
|
108,773,899
|
|
172,675,813
|
|||
TOTAL SWITZERLAND
|
289,264,502
|
||
TAIWAN - 1.1%
|
|||
Information Technology - 1.1%
|
|||
Semiconductors & Semiconductor Equipment - 1.1%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
802,797
|
133,818,232
|
|
UNITED KINGDOM - 15.8%
|
|||
Consumer Discretionary - 2.3%
|
|||
Hotels, Restaurants & Leisure - 2.0%
|
|||
Compass Group PLC
|
4,446,403
|
149,909,694
|
|
InterContinental Hotels Group PLC
|
834,725
|
89,073,429
|
|
238,983,123
|
|||
Leisure Products - 0.3%
|
|||
Games Workshop Group PLC
|
161,825
|
33,233,850
|
|
TOTAL CONSUMER DISCRETIONARY
|
272,216,973
|
||
Financials - 5.7%
|
|||
Banks - 2.9%
|
|||
HSBC Holdings PLC
|
3,600,418
|
40,135,210
|
|
Lloyds Banking Group PLC
|
146,529,966
|
143,962,524
|
|
NatWest Group PLC
|
20,121,632
|
129,428,103
|
|
Starling Bank Ltd Class D (a)(b)(f)
|
8,636,400
|
27,853,547
|
|
341,379,384
|
|||
Capital Markets - 2.8%
|
|||
3i Group PLC
|
2,153,262
|
122,070,662
|
|
London Stock Exchange Group PLC
|
1,353,378
|
210,736,554
|
|
332,807,216
|
|||
TOTAL FINANCIALS
|
674,186,600
|
||
Health Care - 2.1%
|
|||
Health Care Equipment & Supplies - 0.5%
|
|||
ConvaTec Group PLC (c)(d)
|
16,790,343
|
58,134,120
|
|
Pharmaceuticals - 1.6%
|
|||
Astrazeneca PLC
|
1,294,211
|
185,417,367
|
|
TOTAL HEALTH CARE
|
243,551,487
|
||
Industrials - 5.7%
|
|||
Aerospace & Defense - 3.1%
|
|||
BAE Systems PLC
|
7,052,132
|
163,487,010
|
|
Rolls-Royce Holdings PLC
|
20,180,464
|
204,276,233
|
|
367,763,243
|
|||
Professional Services - 2.2%
|
|||
Intertek Group PLC
|
485,100
|
29,635,228
|
|
RELX PLC (Netherlands)
|
4,138,454
|
224,004,471
|
|
253,639,699
|
|||
Trading Companies & Distributors - 0.4%
|
|||
Diploma PLC
|
226,800
|
11,975,397
|
|
RS GROUP PLC
|
4,865,760
|
33,428,104
|
|
45,403,501
|
|||
TOTAL INDUSTRIALS
|
666,806,443
|
||
TOTAL UNITED KINGDOM
|
1,856,761,503
|
||
UNITED STATES - 10.8%
|
|||
Communication Services - 0.7%
|
|||
Entertainment - 0.7%
|
|||
Spotify Technology SA (a)
|
143,339
|
88,007,278
|
|
Energy - 1.3%
|
|||
Oil, Gas & Consumable Fuels - 1.3%
|
|||
Shell PLC
|
4,885,822
|
157,673,993
|
|
Financials - 1.4%
|
|||
Capital Markets - 0.2%
|
|||
S&P Global Inc
|
57,298
|
28,651,865
|
|
Financial Services - 0.4%
|
|||
Mastercard Inc Class A
|
75,510
|
41,384,011
|
|
Insurance - 0.8%
|
|||
Marsh & McLennan Cos Inc
|
435,043
|
98,089,145
|
|
TOTAL FINANCIALS
|
168,125,021
|
||
Health Care - 1.3%
|
|||
Health Care Equipment & Supplies - 1.3%
|
|||
Alcon AG
|
1,551,872
|
149,781,455
|
|
Industrials - 2.3%
|
|||
Electrical Equipment - 1.1%
|
|||
Schneider Electric SE
|
566,501
|
132,360,570
|
|
Professional Services - 0.5%
|
|||
Experian PLC
|
1,154,773
|
57,451,154
|
|
Trading Companies & Distributors - 0.7%
|
|||
Ferguson Enterprises Inc (United Kingdom)
|
478,528
|
80,418,291
|
|
TOTAL INDUSTRIALS
|
270,230,015
|
||
Materials - 3.8%
|
|||
Chemicals - 1.0%
|
|||
Linde PLC
|
253,892
|
115,071,471
|
|
Construction Materials - 2.8%
|
|||
CRH PLC (United Kingdom)
|
1,460,645
|
136,923,956
|
|
Holcim AG
|
1,412,239
|
157,814,859
|
|
James Hardie Industries PLC depository receipt (a)
|
794,031
|
18,637,659
|
|
313,376,474
|
|||
TOTAL MATERIALS
|
428,447,945
|
||
TOTAL UNITED STATES
|
1,262,265,707
|
||
TOTAL COMMON STOCKS
(Cost $7,400,601,996)
|
11,279,175,015
|
||
Convertible Preferred Stocks - 0.5%
|
|||
Shares
|
Value ($)
|
||
CANADA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Valsoft Corp Series A-1.2 (b)(f)
|
537
|
6,290,262
|
|
Valsoft Corp Series A-1.3 (b)(f)
|
190
|
2,225,604
|
|
Valsoft Corp Series A-1.4 (b)(f)
|
246
|
2,881,573
|
|
TOTAL CANADA
|
11,397,439
|
||
ESTONIA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Bolt Technology OU Series E (a)(b)(f)
|
79,275
|
15,430,584
|
|
UNITED STATES - 0.3%
|
|||
Information Technology - 0.3%
|
|||
Technology Hardware, Storage & Peripherals - 0.3%
|
|||
Wasabi Holdings Inc Series C (a)(b)(f)
|
2,976,172
|
30,446,240
|
|
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $64,344,376)
|
57,274,263
|
||
Money Market Funds - 4.3%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
370,249,766
|
370,323,816
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
139,916,509
|
139,930,501
|
|
TOTAL MONEY MARKET FUNDS
(Cost $510,253,360)
|
510,254,317
|
|||
TOTAL INVESTMENT IN SECURITIES - 100.9%
(Cost $7,975,199,732)
|
11,846,703,595
|
NET OTHER ASSETS (LIABILITIES) - (0.9)%
|
(109,281,662)
|
NET ASSETS - 100.0%
|
11,737,421,933
|
(a)
|
Non-income producing
|
(b)
|
Level 3 security
|
(c)
|
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 $163,724,481 or 1.4% of net assets.
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $190,393,430 or 1.6% of net assets.
|
(e)
|
Security or a portion of the security is on loan at period end.
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $87,559,784 or 0.7% of net assets.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Bolt Technology OU Series E
|
1/03/22
|
20,595,368
|
Kry International Ab
|
5/14/21 - 10/30/24
|
8,153,900
|
Starling Bank Ltd Class D
|
6/18/21
|
15,440,896
|
Valsoft Corp Series A-1.2
|
3/14/25
|
6,290,262
|
Valsoft Corp Series A-1.3
|
3/17/25
|
1,886,106
|
Valsoft Corp Series A-1.4
|
3/17/25
|
3,237,722
|
Wasabi Holdings Inc Series C
|
3/31/21
|
32,334,918
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
433,786,100
|
905,415,674
|
968,877,958
|
7,961,771
|
-
|
-
|
370,323,816
|
370,249,766
|
0.6%
|
Fidelity Securities Lending Cash Central Fund
|
81,050,500
|
741,671,496
|
682,791,495
|
135,731
|
-
|
-
|
139,930,501
|
139,916,509
|
0.5%
|
Total
|
514,836,600
|
1,647,087,170
|
1,651,669,453
|
8,097,502
|
-
|
-
|
510,254,317
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
289,262,704
|
136,225,643
|
153,037,061
|
-
|
Consumer Discretionary
|
929,232,935
|
158,428,752
|
770,804,183
|
-
|
Consumer Staples
|
93,673,385
|
65,617,435
|
28,055,950
|
-
|
Energy
|
356,787,899
|
199,113,906
|
157,673,993
|
-
|
Financials
|
3,208,223,758
|
1,001,524,152
|
2,178,846,059
|
27,853,547
|
Health Care
|
1,068,638,740
|
570,245,940
|
498,392,800
|
-
|
Industrials
|
3,152,986,540
|
1,014,050,424
|
2,138,936,116
|
-
|
Information Technology
|
1,196,161,219
|
505,387,301
|
688,341,940
|
2,431,978
|
Materials
|
984,207,835
|
547,127,471
|
437,080,364
|
-
|
Convertible Preferred Stocks
|
||||
Information Technology
|
57,274,263
|
-
|
-
|
57,274,263
|
Money Market Funds
|
510,254,317
|
510,254,317
|
-
|
-
|
Total Investments in Securities:
|
11,846,703,595
|
4,707,975,341
|
7,051,168,466
|
87,559,788
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $130,237,145) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $7,464,946,372)
|
$
|
11,336,449,278
|
||
Fidelity Central Funds (cost $510,253,360)
|
510,254,317
|
|||
Total Investment in Securities (cost $7,975,199,732)
|
$
|
11,846,703,595
|
||
Foreign currency held at value (cost $9,623,644)
|
9,603,889
|
|||
Receivable for investments sold
|
42,973,660
|
|||
Receivable for fund shares sold
|
3,151,776
|
|||
Dividends receivable
|
34,715,243
|
|||
Reclaims receivable
|
30,453,487
|
|||
Distributions receivable from Fidelity Central Funds
|
1,124,120
|
|||
Prepaid expenses
|
3,238
|
|||
Other receivables
|
623,913
|
|||
Total assets
|
11,969,352,921
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
76,126,837
|
||
Payable for fund shares redeemed
|
3,984,739
|
|||
Accrued management fee
|
6,317,018
|
|||
Other payables and accrued expenses
|
5,571,893
|
|||
Collateral on securities loaned
|
139,930,501
|
|||
Total liabilities
|
231,930,988
|
|||
Net Assets
|
$
|
11,737,421,933
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
7,415,529,800
|
||
Total accumulated earnings (loss)
|
4,321,892,133
|
|||
Net Assets
|
$
|
11,737,421,933
|
||
Net Asset Value and Maximum Offering Price
|
||||
Diversified International :
|
||||
Net Asset Value, offering price and redemption price per share ($10,603,803,503 ÷ 229,405,219 shares)
|
$
|
46.22
|
||
Class K :
|
||||
Net Asset Value, offering price and redemption price per share ($1,133,618,430 ÷ 24,574,700 shares)
|
$
|
46.13
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
103,725,564
|
||
Income from Fidelity Central Funds (including $135,731 from security lending)
|
8,097,502
|
|||
Income before foreign taxes withheld
|
$
|
111,823,066
|
||
Less foreign taxes withheld
|
(8,641,790)
|
|||
Total income
|
103,181,276
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
42,116,343
|
||
Performance adjustment
|
(7,214,021)
|
|||
Custodian fees and expenses
|
344,065
|
|||
Independent trustees' fees and expenses
|
24,398
|
|||
Registration fees
|
68,253
|
|||
Audit fees
|
64,882
|
|||
Legal
|
311,870
|
|||
Miscellaneous
|
18,486
|
|||
Total expenses
|
35,734,276
|
|||
Net Investment income (loss)
|
67,447,000
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $4,100,400)
|
510,930,720
|
|||
Foreign currency transactions
|
(1,032,034)
|
|||
Total net realized gain (loss)
|
509,898,686
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $3,637,027)
|
163,423,681
|
|||
Assets and liabilities in foreign currencies
|
2,873,550
|
|||
Total change in net unrealized appreciation (depreciation)
|
166,297,231
|
|||
Net gain (loss)
|
676,195,917
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
743,642,917
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
67,447,000
|
$
|
152,336,940
|
Net realized gain (loss)
|
509,898,686
|
292,206,267
|
||
Change in net unrealized appreciation (depreciation)
|
166,297,231
|
1,669,974,321
|
||
Net increase (decrease) in net assets resulting from operations
|
743,642,917
|
2,114,517,528
|
||
Distributions to shareholders
|
(413,712,402)
|
(399,892,110)
|
||
Share transactions - net increase (decrease)
|
389,329,013
|
833,287,676
|
||
Total increase (decrease) in net assets
|
719,259,528
|
2,547,913,094
|
||
Net Assets
|
||||
Beginning of period
|
11,018,162,405
|
8,470,249,311
|
||
End of period
|
$
|
11,737,421,933
|
$
|
11,018,162,405
|
Fidelity® Diversified International Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
44.97
|
$
|
37.63
|
$
|
33.99
|
$
|
53.38
|
$
|
41.61
|
$
|
38.67
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.26
|
.63
|
.57
|
.33
|
.16
|
.10
|
||||||
Net realized and unrealized gain (loss)
|
2.65
|
8.47
|
3.56
|
(14.58)
|
12.07
|
3.37
|
||||||
Total from investment operations
|
2.91
|
9.10
|
4.13
|
(14.25)
|
12.23
|
3.47
|
||||||
Distributions from net investment income
|
(.87)
|
(.70)
|
(.14)
|
(.57)
|
(.02)
|
(.53)
|
||||||
Distributions from net realized gain
|
(.79)
|
(1.06)
|
(.35)
|
(4.57)
|
(.45)
|
-
|
||||||
Total distributions
|
(1.66)
|
(1.76)
|
(.49)
|
(5.14)
|
(.46) C
|
(.53)
|
||||||
Net asset value, end of period
|
$
|
46.22
|
$
|
44.97
|
$
|
37.63
|
$
|
33.99
|
$
|
53.38
|
$
|
41.61
|
Total Return D,E
|
6.68 % |
24.85%
|
12.15%
|
(29.36)%
|
29.58%
|
9.07%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.64% H
|
.61%
|
.65%
|
.99%
|
1.01%
|
1.05%
|
||||||
Expenses net of fee waivers, if any
|
.64 % H |
.60%
|
.65%
|
.99%
|
1.01%
|
1.05%
|
||||||
Expenses net of all reductions, if any
|
.64% H
|
.60%
|
.65%
|
.99%
|
1.01%
|
1.04%
|
||||||
Net investment income (loss)
|
1.19% H
|
1.45%
|
1.45%
|
.80%
|
.32%
|
.26%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
10,603,803
|
$
|
9,913,806
|
$
|
7,407,098
|
$
|
7,230,515
|
$
|
11,529,722
|
$
|
9,419,192
|
Portfolio turnover rate I,J
|
41 % H |
35%
|
22%
|
20%
|
29%
|
29%
|
Fidelity® Diversified International Fund Class K |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
44.89
|
$
|
37.57
|
$
|
33.94
|
$
|
53.32
|
$
|
41.56
|
$
|
38.61
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.28
|
.68
|
.61
|
.38
|
.21
|
.15
|
||||||
Net realized and unrealized gain (loss)
|
2.64
|
8.44
|
3.56
|
(14.58)
|
12.06
|
3.37
|
||||||
Total from investment operations
|
2.92
|
9.12
|
4.17
|
(14.20)
|
12.27
|
3.52
|
||||||
Distributions from net investment income
|
(.89)
|
(.75)
|
(.19)
|
(.62)
|
(.06)
|
(.57)
|
||||||
Distributions from net realized gain
|
(.79)
|
(1.06)
|
(.35)
|
(4.57)
|
(.45)
|
-
|
||||||
Total distributions
|
(1.68)
|
(1.80) C
|
(.54)
|
(5.18) C
|
(.51)
|
(.57)
|
||||||
Net asset value, end of period
|
$
|
46.13
|
$
|
44.89
|
$
|
37.57
|
$
|
33.94
|
$
|
53.32
|
$
|
41.56
|
Total Return D,E
|
6.74 % |
24.97%
|
12.29%
|
(29.31)%
|
29.71%
|
9.22%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.56% H
|
.50%
|
.54%
|
.88%
|
.91%
|
.94%
|
||||||
Expenses net of fee waivers, if any
|
.56 % H |
.50%
|
.54%
|
.88%
|
.91%
|
.94%
|
||||||
Expenses net of all reductions, if any
|
.56% H
|
.50%
|
.54%
|
.88%
|
.91%
|
.93%
|
||||||
Net investment income (loss)
|
1.26% H
|
1.56%
|
1.56%
|
.91%
|
.42%
|
.38%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,133,618
|
$
|
1,104,357
|
$
|
1,063,151
|
$
|
1,396,859
|
$
|
3,306,774
|
$
|
3,761,267
|
Portfolio turnover rate I,J
|
41 % H |
35%
|
22%
|
20%
|
29%
|
29%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Fidelity Diversified International Fund
|
$113,650
|
Gross unrealized appreciation
|
$3,949,567,625
|
Gross unrealized depreciation
|
(183,893,876)
|
Net unrealized appreciation (depreciation)
|
$3,765,673,749
|
Tax cost
|
$8,081,029,846
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Diversified International Fund
|
2,301,147,986
|
2,226,233,016
|
Shares
|
Total Proceeds ($)
|
|
Fidelity Diversified International Fund
|
1,513,290
|
67,940,579
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity Diversified International Fund
|
2,676,493
|
43,852,349
|
110,362,436
|
Shares
|
Total Proceeds ($)
|
|
Fidelity Diversified International Fund
|
1,187,445
|
55,311,198
|
Maximum Management Fee Rate %
|
|
Diversified International
|
.79
|
Class K
|
.68
|
Total Management Fee Rate %
|
|
Diversified International
|
.75
|
Class K
|
.68
|
Performance Adjustment Index
|
|
Fidelity Diversified International Fund
|
MSCI EAFE Index
|
Amount ($)
|
|
Fidelity Diversified International Fund
|
5,030
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Diversified International Fund
|
91,093,992
|
100,458,810
|
47,776,598
|
Amount ($)
|
|
Fidelity Diversified International Fund
|
8,749
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Diversified International Fund
|
14,767
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Diversified International Fund
|
||
Distributions to shareholders
|
||
Diversified International
|
$371,565,804
|
$350,399,026
|
Class K
|
42,146,598
|
49,493,084
|
Total
|
$413,712,402
|
$399,892,110
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Diversified International Fund
|
||||
Diversified International
|
||||
Shares sold
|
17,724,081
|
34,479,828
|
$777,959,620
|
$1,495,985,575
|
Reinvestment of distributions
|
7,395,536
|
7,644,991
|
322,593,261
|
300,983,288
|
Shares redeemed
|
(16,154,597)
|
(18,521,934)
|
(710,741,550)
|
(803,075,098)
|
Net increase (decrease)
|
8,965,020
|
23,602,885
|
$389,811,331
|
$993,893,765
|
Class K
|
||||
Shares sold
|
3,685,757
|
4,533,810
|
$163,418,793
|
$196,601,168
|
Reinvestment of distributions
|
967,876
|
1,259,505
|
42,121,949
|
49,460,747
|
Shares redeemed
|
(4,677,964)
|
(9,489,207)
|
(206,023,060)
|
(406,668,004)
|
Net increase (decrease)
|
(24,331)
|
(3,695,892)
|
$(482,318)
|
$(160,606,089)
|
Strategic Advisers Fidelity International Fund
|
|
Fidelity Diversified International Fund
|
30%
|
% of shares held
|
|
Fidelity Diversified International Fund
|
35%
|
Common Stocks - 98.3%
|
|||
Shares
|
Value ($)
|
||
BRAZIL - 1.6%
|
|||
Consumer Discretionary - 1.6%
|
|||
Broadline Retail - 1.6%
|
|||
MercadoLibre Inc (a)
|
25,971
|
60,534,505
|
|
CANADA - 7.0%
|
|||
Financials - 1.6%
|
|||
Capital Markets - 1.6%
|
|||
Brookfield Asset Management Ltd Class A (United States) (b)
|
1,142,346
|
60,921,312
|
|
Industrials - 1.3%
|
|||
Professional Services - 1.3%
|
|||
Thomson Reuters Corp
|
274,164
|
51,016,459
|
|
Information Technology - 4.1%
|
|||
IT Services - 2.2%
|
|||
Shopify Inc Class A (United States) (a)
|
841,994
|
79,989,430
|
|
Software - 1.9%
|
|||
Constellation Software Inc/Canada
|
20,479
|
73,804,468
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(c)
|
38,399
|
3
|
|
73,804,471
|
|||
TOTAL INFORMATION TECHNOLOGY
|
153,793,901
|
||
TOTAL CANADA
|
265,731,672
|
||
CHINA - 3.1%
|
|||
Communication Services - 2.9%
|
|||
Interactive Media & Services - 2.9%
|
|||
Tencent Holdings Ltd
|
1,829,220
|
112,041,471
|
|
Consumer Discretionary - 0.2%
|
|||
Hotels, Restaurants & Leisure - 0.2%
|
|||
Trip.com Group Ltd ADR
|
107,106
|
6,318,183
|
|
TOTAL CHINA
|
118,359,654
|
||
DENMARK - 1.7%
|
|||
Industrials - 1.7%
|
|||
Air Freight & Logistics - 1.7%
|
|||
DSV A/S
|
309,759
|
65,656,485
|
|
FRANCE - 8.6%
|
|||
Consumer Discretionary - 1.8%
|
|||
Textiles, Apparel & Luxury Goods - 1.8%
|
|||
Hermes International SCA
|
24,808
|
67,196,049
|
|
Health Care - 1.4%
|
|||
Health Care Equipment & Supplies - 1.4%
|
|||
EssilorLuxottica SA
|
196,925
|
56,373,955
|
|
Industrials - 3.6%
|
|||
Aerospace & Defense - 1.9%
|
|||
Safran SA
|
265,192
|
70,572,784
|
|
Building Products - 1.7%
|
|||
Cie de Saint-Gobain SA
|
600,302
|
65,263,643
|
|
TOTAL INDUSTRIALS
|
135,836,427
|
||
Materials - 1.8%
|
|||
Chemicals - 1.8%
|
|||
Air Liquide SA
|
326,352
|
67,058,225
|
|
TOTAL FRANCE
|
326,464,656
|
||
GERMANY - 12.3%
|
|||
Communication Services - 1.9%
|
|||
Diversified Telecommunication Services - 1.9%
|
|||
Deutsche Telekom AG
|
2,013,243
|
72,310,706
|
|
Financials - 3.4%
|
|||
Capital Markets - 1.5%
|
|||
Deutsche Boerse AG
|
182,717
|
58,852,031
|
|
Insurance - 1.9%
|
|||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a)
|
100,463
|
68,777,912
|
|
TOTAL FINANCIALS
|
127,629,943
|
||
Industrials - 2.5%
|
|||
Aerospace & Defense - 0.7%
|
|||
MTU Aero Engines AG
|
81,713
|
28,131,589
|
|
Electrical Equipment - 1.8%
|
|||
Siemens Energy AG (a)
|
884,489
|
68,268,118
|
|
TOTAL INDUSTRIALS
|
96,399,707
|
||
Information Technology - 2.5%
|
|||
Software - 2.5%
|
|||
SAP SE
|
329,037
|
96,272,488
|
|
Materials - 2.0%
|
|||
Construction Materials - 2.0%
|
|||
Heidelberg Materials AG
|
377,600
|
74,537,905
|
|
TOTAL GERMANY
|
467,150,749
|
||
INDIA - 7.0%
|
|||
Communication Services - 1.8%
|
|||
Wireless Telecommunication Services - 1.8%
|
|||
Bharti Airtel Ltd
|
3,037,736
|
66,916,257
|
|
Financials - 3.7%
|
|||
Banks - 3.7%
|
|||
HDFC Bank Ltd
|
3,180,547
|
72,144,812
|
|
ICICI Bank Ltd
|
4,176,400
|
70,107,068
|
|
142,251,880
|
|||
Industrials - 1.5%
|
|||
Construction & Engineering - 1.5%
|
|||
Larsen & Toubro Ltd
|
1,431,032
|
56,567,156
|
|
TOTAL INDIA
|
265,735,293
|
||
ISRAEL - 0.8%
|
|||
Financials - 0.8%
|
|||
Banks - 0.8%
|
|||
Bank Hapoalim BM
|
2,157,436
|
31,599,274
|
|
ITALY - 1.2%
|
|||
Consumer Discretionary - 1.2%
|
|||
Automobiles - 1.2%
|
|||
Ferrari NV (Italy)
|
100,704
|
45,815,543
|
|
JAPAN - 6.0%
|
|||
Consumer Discretionary - 1.9%
|
|||
Household Durables - 1.9%
|
|||
Sony Group Corp
|
2,827,012
|
74,584,485
|
|
Industrials - 4.1%
|
|||
Industrial Conglomerates - 2.1%
|
|||
Hitachi Ltd
|
3,254,545
|
80,437,755
|
|
Machinery - 2.0%
|
|||
Mitsubishi Heavy Industries Ltd
|
3,788,833
|
74,688,685
|
|
TOTAL INDUSTRIALS
|
155,126,440
|
||
TOTAL JAPAN
|
229,710,925
|
||
NETHERLANDS - 5.4%
|
|||
Industrials - 1.7%
|
|||
Professional Services - 1.7%
|
|||
Wolters Kluwer NV
|
374,291
|
65,913,219
|
|
Information Technology - 3.7%
|
|||
Semiconductors & Semiconductor Equipment - 3.7%
|
|||
ASM International NV
|
115,037
|
55,424,953
|
|
ASML Holding NV
|
126,889
|
83,732,164
|
|
139,157,117
|
|||
TOTAL NETHERLANDS
|
205,070,336
|
||
SPAIN - 1.4%
|
|||
Industrials - 1.3%
|
|||
Transportation Infrastructure - 1.3%
|
|||
Aena SME SA (d)(e)
|
192,800
|
48,356,744
|
|
Utilities - 0.1%
|
|||
Electric Utilities - 0.1%
|
|||
Iberdrola SA
|
297,900
|
5,369,904
|
|
TOTAL SPAIN
|
53,726,648
|
||
SWEDEN - 0.6%
|
|||
Industrials - 0.6%
|
|||
Machinery - 0.6%
|
|||
Atlas Copco AB A Shares
|
1,416,021
|
21,953,416
|
|
SWITZERLAND - 4.9%
|
|||
Financials - 4.9%
|
|||
Capital Markets - 3.2%
|
|||
Partners Group Holding AG
|
41,023
|
53,456,396
|
|
UBS Group AG
|
2,223,134
|
67,042,837
|
|
120,499,233
|
|||
Insurance - 1.7%
|
|||
Zurich Insurance Group AG
|
94,047
|
66,704,794
|
|
TOTAL SWITZERLAND
|
187,204,027
|
||
TAIWAN - 4.2%
|
|||
Information Technology - 4.2%
|
|||
Semiconductors & Semiconductor Equipment - 4.2%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
5,633,325
|
159,298,984
|
|
UNITED KINGDOM - 8.5%
|
|||
Consumer Discretionary - 1.3%
|
|||
Hotels, Restaurants & Leisure - 1.3%
|
|||
InterContinental Hotels Group PLC
|
474,544
|
50,638,547
|
|
Financials - 3.3%
|
|||
Capital Markets - 3.3%
|
|||
3i Group PLC
|
1,192,498
|
67,603,952
|
|
London Stock Exchange Group PLC
|
376,992
|
58,701,999
|
|
126,305,951
|
|||
Industrials - 3.9%
|
|||
Aerospace & Defense - 2.1%
|
|||
Rolls-Royce Holdings PLC
|
7,774,774
|
78,699,952
|
|
Professional Services - 1.8%
|
|||
RELX PLC
|
1,250,734
|
68,258,996
|
|
TOTAL INDUSTRIALS
|
146,958,948
|
||
TOTAL UNITED KINGDOM
|
323,903,446
|
||
UNITED STATES - 24.0%
|
|||
Communication Services - 1.9%
|
|||
Entertainment - 1.9%
|
|||
Spotify Technology SA (a)
|
119,962
|
73,654,269
|
|
Financials - 8.3%
|
|||
Capital Markets - 2.6%
|
|||
Moody's Corp
|
108,324
|
49,083,771
|
|
S&P Global Inc
|
100,418
|
50,214,021
|
|
99,297,792
|
|||
Financial Services - 3.0%
|
|||
Mastercard Inc Class A
|
99,839
|
54,717,762
|
|
Visa Inc Class A
|
164,126
|
56,705,533
|
|
111,423,295
|
|||
Insurance - 2.7%
|
|||
Arthur J Gallagher & Co
|
160,197
|
51,373,576
|
|
Marsh & McLennan Cos Inc
|
218,497
|
49,264,519
|
|
100,638,095
|
|||
TOTAL FINANCIALS
|
311,359,182
|
||
Industrials - 7.9%
|
|||
Building Products - 1.5%
|
|||
Trane Technologies PLC
|
149,850
|
57,439,004
|
|
Commercial Services & Supplies - 1.3%
|
|||
Waste Connections Inc
|
249,112
|
49,198,987
|
|
Construction & Engineering - 1.5%
|
|||
Ferrovial SE
|
1,208,800
|
58,719,404
|
|
Electrical Equipment - 2.1%
|
|||
Schneider Electric SE
|
335,591
|
78,409,422
|
|
Professional Services - 1.5%
|
|||
Experian PLC
|
1,117,828
|
55,613,102
|
|
TOTAL INDUSTRIALS
|
299,379,919
|
||
Information Technology - 3.1%
|
|||
Semiconductors & Semiconductor Equipment - 1.7%
|
|||
Broadcom Inc
|
337,451
|
64,949,194
|
|
Software - 1.4%
|
|||
Synopsys Inc (a)
|
115,418
|
52,978,016
|
|
TOTAL INFORMATION TECHNOLOGY
|
117,927,210
|
||
Materials - 2.8%
|
|||
Chemicals - 1.2%
|
|||
Linde PLC
|
105,405
|
47,772,708
|
|
Construction Materials - 1.6%
|
|||
Holcim AG
|
535,939
|
59,890,102
|
|
TOTAL MATERIALS
|
107,662,810
|
||
TOTAL UNITED STATES
|
909,983,390
|
||
TOTAL COMMON STOCKS
(Cost $2,657,872,048)
|
3,737,899,003
|
||
Money Market Funds - 1.2%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (f)
|
4.33
|
35,759,199
|
35,766,351
|
|
Fidelity Securities Lending Cash Central Fund (f)(g)
|
4.33
|
9,662,534
|
9,663,500
|
|
TOTAL MONEY MARKET FUNDS
(Cost $45,429,851)
|
45,429,851
|
|||
TOTAL INVESTMENT IN SECURITIES - 99.5%
(Cost $2,703,301,899)
|
3,783,328,854
|
NET OTHER ASSETS (LIABILITIES) - 0.5%
|
17,492,804
|
NET ASSETS - 100.0%
|
3,800,821,658
|
(a)
|
Non-income producing
|
(b)
|
Security or a portion of the security is on loan at period end.
|
(c)
|
Level 3 security
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $48,356,744 or 1.3% of net assets.
|
(e)
|
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 $48,356,744 or 1.3% of net assets.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(g)
|
Investment made with cash collateral received from securities on loan.
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
-
|
636,498,280
|
600,731,929
|
636,200
|
-
|
-
|
35,766,351
|
35,759,199
|
0.1%
|
Fidelity Securities Lending Cash Central Fund
|
35,530,000
|
36,718,868
|
62,585,368
|
17,156
|
-
|
-
|
9,663,500
|
9,662,534
|
0.0%
|
Total
|
35,530,000
|
673,217,148
|
663,317,297
|
653,356
|
-
|
-
|
45,429,851
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
324,922,703
|
73,654,269
|
251,268,434
|
-
|
Consumer Discretionary
|
305,087,312
|
179,864,280
|
125,223,032
|
-
|
Financials
|
987,271,569
|
524,379,001
|
462,892,568
|
-
|
Health Care
|
56,373,955
|
56,373,955
|
-
|
-
|
Industrials
|
1,143,164,920
|
380,728,822
|
762,436,098
|
-
|
Information Technology
|
666,449,700
|
410,878,225
|
255,571,472
|
3
|
Materials
|
249,258,940
|
122,310,613
|
126,948,327
|
-
|
Utilities
|
5,369,904
|
-
|
5,369,904
|
-
|
Money Market Funds
|
45,429,851
|
45,429,851
|
-
|
-
|
Total Investments in Securities:
|
3,783,328,854
|
1,793,619,016
|
1,989,709,835
|
3
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $9,370,081) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $2,657,872,048)
|
$
|
3,737,899,003
|
||
Fidelity Central Funds (cost $45,429,851)
|
45,429,851
|
|||
Total Investment in Securities (cost $2,703,301,899)
|
$
|
3,783,328,854
|
||
Foreign currency held at value (cost $1,047,161)
|
1,055,515
|
|||
Receivable for investments sold
|
44,884,057
|
|||
Receivable for fund shares sold
|
1,643,229
|
|||
Dividends receivable
|
4,350,459
|
|||
Reclaims receivable
|
10,583,004
|
|||
Distributions receivable from Fidelity Central Funds
|
132,442
|
|||
Prepaid expenses
|
1,686
|
|||
Receivable from investment adviser for expense reductions
|
70,000
|
|||
Other receivables
|
1,862,131
|
|||
Total assets
|
3,847,911,377
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
19,933,665
|
||
Payable for fund shares redeemed
|
2,093,135
|
|||
Accrued management fee
|
2,937,456
|
|||
Deferred taxes
|
11,172,505
|
|||
Other payables and accrued expenses
|
1,289,458
|
|||
Collateral on securities loaned
|
9,663,500
|
|||
Total liabilities
|
47,089,719
|
|||
Net Assets
|
$
|
3,800,821,658
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
2,691,547,829
|
||
Total accumulated earnings (loss)
|
1,109,273,829
|
|||
Net Assets
|
$
|
3,800,821,658
|
||
Net Asset Value, offering price and redemption price per share ($3,800,821,658 ÷ 128,729,277 shares)
|
$
|
29.53
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
19,888,174
|
||
Foreign Tax Reclaims
|
4,254,015
|
|||
Income from Fidelity Central Funds (including $17,156 from security lending)
|
653,356
|
|||
Income before foreign taxes withheld
|
$
|
24,795,545
|
||
Less foreign taxes withheld
|
(2,605,898)
|
|||
Total income
|
22,189,647
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
13,851,882
|
||
Performance adjustment
|
2,116,084
|
|||
Custodian fees and expenses
|
136,110
|
|||
Independent trustees' fees and expenses
|
8,934
|
|||
Registration fees
|
50,667
|
|||
Audit fees
|
61,913
|
|||
Legal
|
4,410
|
|||
Interest
|
92,559
|
|||
Miscellaneous
|
165,403
|
|||
Total expenses before reductions
|
16,487,962
|
|||
Expense reductions
|
(756,328)
|
|||
Total expenses after reductions
|
15,731,634
|
|||
Net Investment income (loss)
|
6,458,013
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $973,575)
|
50,200,158
|
|||
Foreign currency transactions
|
682,767
|
|||
Total net realized gain (loss)
|
50,882,925
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $1,070,884)
|
141,469,614
|
|||
Assets and liabilities in foreign currencies
|
814,255
|
|||
Total change in net unrealized appreciation (depreciation)
|
142,283,869
|
|||
Net gain (loss)
|
193,166,794
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
199,624,807
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
6,458,013
|
$
|
23,118,507
|
Net realized gain (loss)
|
50,882,925
|
1,150,726,190
|
||
Change in net unrealized appreciation (depreciation)
|
142,283,869
|
148,690,945
|
||
Net increase (decrease) in net assets resulting from operations
|
199,624,807
|
1,322,535,642
|
||
Distributions to shareholders
|
(141,566,132)
|
(18,874,608)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
436,919,404
|
888,745,860
|
||
Reinvestment of distributions
|
105,987,905
|
15,731,033
|
||
Cost of shares redeemed
|
(396,643,227)
|
(2,763,954,753)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
146,264,082
|
(1,859,477,860)
|
||
Total increase (decrease) in net assets
|
204,322,757
|
(555,816,826)
|
||
Net Assets
|
||||
Beginning of period
|
3,596,498,901
|
4,152,315,727
|
||
End of period
|
$
|
3,800,821,658
|
$
|
3,596,498,901
|
Other Information
|
||||
Shares
|
||||
Sold
|
15,322,561
|
32,603,910
|
||
Issued in reinvestment of distributions
|
3,708,464
|
621,044
|
||
Redeemed
|
(13,890,605)
|
(93,351,491)
|
||
Net increase (decrease)
|
5,140,420
|
(60,126,537)
|
||
Fidelity® International Capital Appreciation Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
29.10
|
$
|
22.60
|
$
|
19.51
|
$
|
30.93
|
$
|
24.57
|
$
|
22.41
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.05
|
.12
|
.11
|
.02
|
(.02)
|
.06
|
||||||
Net realized and unrealized gain (loss)
|
1.54
|
6.48
|
2.99
|
(8.86)
|
6.74
|
2.86
|
||||||
Total from investment operations
|
1.59
|
6.60
|
3.10
|
(8.84)
|
6.72
|
2.92
|
||||||
Distributions from net investment income
|
(.22)
|
(.10)
|
(.01)
|
-
|
(.05)
|
(.13)
|
||||||
Distributions from net realized gain
|
(.94)
|
-
|
-
|
(2.58)
|
(.31)
|
(.62)
|
||||||
Total distributions
|
(1.16)
|
(.10)
|
(.01)
|
(2.58)
|
(.36)
|
(.76) C
|
||||||
Net asset value, end of period
|
$
|
29.53
|
$
|
29.10
|
$
|
22.60
|
$
|
19.51
|
$
|
30.93
|
$
|
24.57
|
Total Return D,E
|
5.58 % |
29.27%
|
15.89%
|
(30.97)%
|
27.56%
|
13.35%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.91% H,I
|
.86%
|
.80%
|
.99%
|
1.00%
|
1.03%
|
||||||
Expenses net of fee waivers, if any
|
.87 % H,I |
.86%
|
.79%
|
.98%
|
1.00%
|
1.03%
|
||||||
Expenses net of all reductions, if any
|
.87% H,I
|
.86%
|
.79%
|
.98%
|
1.00%
|
.99%
|
||||||
Net investment income (loss)
|
.36% H,I
|
.43%
|
.48%
|
.10%
|
(.08)%
|
.25%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
3,800,822
|
$
|
3,596,499
|
$
|
4,152,316
|
$
|
3,823,263
|
$
|
5,851,757
|
$
|
4,514,343
|
Portfolio turnover rate J
|
96 % I |
78% K
|
79%
|
112% K
|
141%
|
135%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$1,099,725,220
|
Gross unrealized depreciation
|
(26,385,956)
|
Net unrealized appreciation (depreciation)
|
$1,073,339,264
|
Tax cost
|
$2,709,989,590
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Capital Appreciation Fund
|
1,723,402,922
|
1,760,382,341
|
Maximum Management Fee Rate %
|
|
Fidelity International Capital Appreciation Fund
|
.83
|
Total Management Fee Rate %
|
|
Fidelity International Capital Appreciation Fund
|
.77
|
Performance Adjustment Index
|
|
Fidelity International Capital Appreciation Fund
|
MSCI All Country World ex USA Index
|
Amount ($)
|
|
Fidelity International Capital Appreciation Fund
|
1,164
|
Borrower or Lender
|
Average Loan Balance ($)
|
Weighted Average Interest Rate
|
Interest Expense ($)
|
|
Fidelity International Capital Appreciation Fund
|
Borrower
|
18,521,282
|
4.61%
|
92,559
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Capital Appreciation Fund
|
93,563,330
|
143,203,167
|
13,928,800
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity International Capital Appreciation Fund
|
73,272,626
|
681,502,360
|
2,203,307,882
|
Amount ($)
|
|
Fidelity International Capital Appreciation Fund
|
2,954
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Capital Appreciation Fund
|
1,524
|
-
|
-
|
Common Stocks - 96.8%
|
|||
Shares
|
Value ($)
|
||
BAILIWICK OF JERSEY - 0.3%
|
|||
Financials - 0.3%
|
|||
Capital Markets - 0.3%
|
|||
JTC PLC (a)(b)
|
1,730,500
|
19,234,019
|
|
BELGIUM - 1.1%
|
|||
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
KBC Group NV
|
695,490
|
63,866,027
|
|
Industrials - 0.1%
|
|||
Trading Companies & Distributors - 0.1%
|
|||
Azelis Group NV
|
609,300
|
9,414,948
|
|
TOTAL BELGIUM
|
73,280,975
|
||
CANADA - 1.9%
|
|||
Information Technology - 1.9%
|
|||
Software - 1.9%
|
|||
Constellation Software Inc/Canada
|
33,000
|
118,929,022
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (c)(d)
|
62,100
|
5
|
|
Lumine Group Inc Subordinate Voting Shares (a)(c)
|
346,922
|
11,215,953
|
|
TOTAL CANADA
|
130,144,980
|
||
CHINA - 0.0%
|
|||
Consumer Discretionary - 0.0%
|
|||
Hotels, Restaurants & Leisure - 0.0%
|
|||
Trip.com Group Ltd ADR
|
87,890
|
5,184,630
|
|
DENMARK - 2.8%
|
|||
Health Care - 0.7%
|
|||
Pharmaceuticals - 0.7%
|
|||
Novo Nordisk A/S Series B
|
730,100
|
48,815,628
|
|
Industrials - 1.7%
|
|||
Air Freight & Logistics - 1.7%
|
|||
DSV A/S
|
532,800
|
112,932,233
|
|
Materials - 0.4%
|
|||
Chemicals - 0.4%
|
|||
Novonesis Novozymes B Series B
|
471,536
|
30,493,472
|
|
TOTAL DENMARK
|
192,241,333
|
||
FRANCE - 11.3%
|
|||
Consumer Discretionary - 2.5%
|
|||
Hotels, Restaurants & Leisure - 1.0%
|
|||
Accor SA
|
1,481,300
|
72,409,614
|
|
Textiles, Apparel & Luxury Goods - 1.5%
|
|||
Hermes International SCA
|
6,848
|
18,548,796
|
|
LVMH Moet Hennessy Louis Vuitton SE
|
147,476
|
81,691,269
|
|
100,240,065
|
|||
TOTAL CONSUMER DISCRETIONARY
|
172,649,679
|
||
Health Care - 1.3%
|
|||
Health Care Equipment & Supplies - 1.3%
|
|||
EssilorLuxottica SA
|
313,713
|
89,806,995
|
|
Industrials - 3.7%
|
|||
Aerospace & Defense - 3.7%
|
|||
Safran SA
|
554,800
|
147,643,144
|
|
Thales SA
|
364,100
|
101,992,553
|
|
249,635,697
|
|||
Information Technology - 1.8%
|
|||
IT Services - 0.4%
|
|||
Alten SA
|
318,856
|
26,711,925
|
|
Software - 1.4%
|
|||
Dassault Systemes SE
|
2,519,500
|
94,421,101
|
|
TOTAL INFORMATION TECHNOLOGY
|
121,133,026
|
||
Materials - 2.0%
|
|||
Chemicals - 2.0%
|
|||
Air Liquide SA
|
658,851
|
135,379,524
|
|
TOTAL FRANCE
|
768,604,921
|
||
GERMANY - 12.3%
|
|||
Communication Services - 1.7%
|
|||
Diversified Telecommunication Services - 1.7%
|
|||
Deutsche Telekom AG
|
3,124,300
|
112,217,124
|
|
Financials - 6.1%
|
|||
Capital Markets - 2.0%
|
|||
Deutsche Boerse AG
|
431,191
|
138,883,990
|
|
Insurance - 4.1%
|
|||
Allianz SE
|
359,801
|
148,805,304
|
|
Hannover Rueck SE
|
380,100
|
121,600,391
|
|
270,405,695
|
|||
TOTAL FINANCIALS
|
409,289,685
|
||
Health Care - 0.6%
|
|||
Health Care Providers & Services - 0.6%
|
|||
Fresenius SE & Co KGaA (c)
|
926,800
|
43,886,881
|
|
Industrials - 0.5%
|
|||
Aerospace & Defense - 0.5%
|
|||
MTU Aero Engines AG
|
103,300
|
35,563,413
|
|
Information Technology - 3.4%
|
|||
Software - 3.4%
|
|||
SAP SE
|
792,000
|
231,730,202
|
|
TOTAL GERMANY
|
832,687,305
|
||
INDIA - 1.0%
|
|||
Financials - 1.0%
|
|||
Banks - 1.0%
|
|||
HDFC Bank Ltd
|
2,902,100
|
65,828,758
|
|
INDONESIA - 0.9%
|
|||
Financials - 0.9%
|
|||
Banks - 0.9%
|
|||
Bank Central Asia Tbk PT
|
111,642,900
|
59,359,483
|
|
IRELAND - 1.1%
|
|||
Industrials - 1.1%
|
|||
Building Products - 1.1%
|
|||
Kingspan Group PLC
|
853,900
|
71,873,408
|
|
ITALY - 3.8%
|
|||
Financials - 2.7%
|
|||
Banks - 2.7%
|
|||
FinecoBank Banca Fineco SpA
|
2,656,600
|
52,862,382
|
|
UniCredit SpA
|
2,285,600
|
132,978,168
|
|
185,840,550
|
|||
Health Care - 0.9%
|
|||
Pharmaceuticals - 0.9%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
1,012,830
|
59,491,884
|
|
Industrials - 0.2%
|
|||
Machinery - 0.2%
|
|||
GVS SpA (a)(b)(c)
|
299,900
|
1,452,396
|
|
Interpump Group SpA
|
293,100
|
9,987,713
|
|
11,440,109
|
|||
TOTAL ITALY
|
256,772,543
|
||
JAPAN - 13.7%
|
|||
Communication Services - 2.5%
|
|||
Entertainment - 2.5%
|
|||
Capcom Co Ltd
|
1,719,300
|
49,770,476
|
|
Nintendo Co Ltd
|
1,408,800
|
116,958,587
|
|
166,729,063
|
|||
Consumer Staples - 1.3%
|
|||
Food Products - 1.3%
|
|||
Ajinomoto Co Inc
|
4,309,100
|
88,138,720
|
|
Financials - 2.2%
|
|||
Insurance - 2.2%
|
|||
Tokio Marine Holdings Inc
|
3,697,500
|
148,204,585
|
|
Health Care - 1.5%
|
|||
Health Care Equipment & Supplies - 1.5%
|
|||
Hoya Corp
|
871,800
|
102,581,383
|
|
Industrials - 4.5%
|
|||
Industrial Conglomerates - 2.4%
|
|||
Hitachi Ltd
|
6,474,950
|
160,031,723
|
|
Machinery - 1.4%
|
|||
Ebara Corp
|
1,163,600
|
17,479,361
|
|
Mitsubishi Heavy Industries Ltd
|
3,888,100
|
76,645,520
|
|
94,124,881
|
|||
Professional Services - 0.7%
|
|||
BayCurrent Inc
|
897,700
|
48,371,313
|
|
TOTAL INDUSTRIALS
|
302,527,917
|
||
Information Technology - 1.7%
|
|||
IT Services - 0.2%
|
|||
TIS Inc
|
673,500
|
19,458,865
|
|
Semiconductors & Semiconductor Equipment - 0.6%
|
|||
Tokyo Electron Ltd
|
268,700
|
40,008,998
|
|
Technology Hardware, Storage & Peripherals - 0.9%
|
|||
FUJIFILM Holdings Corp
|
2,884,800
|
59,087,595
|
|
TOTAL INFORMATION TECHNOLOGY
|
118,555,458
|
||
TOTAL JAPAN
|
926,737,126
|
||
NETHERLANDS - 6.1%
|
|||
Communication Services - 1.5%
|
|||
Entertainment - 1.5%
|
|||
Universal Music Group NV
|
3,467,700
|
101,969,350
|
|
Industrials - 2.7%
|
|||
Professional Services - 2.0%
|
|||
Wolters Kluwer NV
|
784,221
|
138,102,520
|
|
Trading Companies & Distributors - 0.7%
|
|||
IMCD NV
|
365,524
|
48,385,699
|
|
TOTAL INDUSTRIALS
|
186,488,219
|
||
Information Technology - 1.9%
|
|||
Semiconductors & Semiconductor Equipment - 1.8%
|
|||
ASML Holding NV
|
181,861
|
120,007,369
|
|
Software - 0.1%
|
|||
Topicus.com Inc (c)
|
69,488
|
8,315,777
|
|
TOTAL INFORMATION TECHNOLOGY
|
128,323,146
|
||
TOTAL NETHERLANDS
|
416,780,715
|
||
SPAIN - 3.2%
|
|||
Financials - 3.2%
|
|||
Banks - 3.2%
|
|||
Banco Santander SA (e)
|
15,591,900
|
109,194,422
|
|
CaixaBank SA (e)
|
14,142,200
|
108,388,718
|
|
TOTAL SPAIN
|
217,583,140
|
||
SWEDEN - 2.7%
|
|||
Health Care - 0.4%
|
|||
Life Sciences Tools & Services - 0.4%
|
|||
AddLife AB B Shares
|
1,577,972
|
29,876,248
|
|
Industrials - 2.3%
|
|||
Machinery - 2.3%
|
|||
Atlas Copco AB A Shares
|
4,959,444
|
76,889,213
|
|
Indutrade AB
|
2,761,316
|
74,507,393
|
|
151,396,606
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Kry International Ab (c)(d)(f)
|
129,627
|
2,556,623
|
|
TOTAL SWEDEN
|
183,829,477
|
||
SWITZERLAND - 1.4%
|
|||
Financials - 1.4%
|
|||
Capital Markets - 1.4%
|
|||
Partners Group Holding AG
|
73,440
|
95,698,455
|
|
TAIWAN - 1.0%
|
|||
Information Technology - 1.0%
|
|||
Semiconductors & Semiconductor Equipment - 1.0%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
2,381,000
|
67,329,842
|
|
UNITED KINGDOM - 16.9%
|
|||
Consumer Discretionary - 3.2%
|
|||
Hotels, Restaurants & Leisure - 3.2%
|
|||
Compass Group PLC
|
4,008,798
|
135,155,918
|
|
InterContinental Hotels Group PLC
|
782,063
|
83,453,872
|
|
218,609,790
|
|||
Financials - 5.9%
|
|||
Banks - 1.7%
|
|||
NatWest Group PLC
|
18,105,700
|
116,461,051
|
|
Capital Markets - 4.2%
|
|||
3i Group PLC
|
2,416,700
|
137,005,236
|
|
London Stock Exchange Group PLC
|
924,500
|
143,955,306
|
|
280,960,542
|
|||
TOTAL FINANCIALS
|
397,421,593
|
||
Health Care - 0.3%
|
|||
Health Care Equipment & Supplies - 0.3%
|
|||
ConvaTec Group PLC (a)(b)
|
7,912,400
|
27,395,534
|
|
Industrials - 6.5%
|
|||
Aerospace & Defense - 2.8%
|
|||
BAE Systems PLC
|
2,360,200
|
54,715,658
|
|
Rolls-Royce Holdings PLC
|
13,307,400
|
134,703,817
|
|
189,419,475
|
|||
Professional Services - 3.0%
|
|||
Intertek Group PLC
|
625,300
|
38,200,182
|
|
RELX PLC
|
3,034,700
|
165,619,208
|
|
203,819,390
|
|||
Trading Companies & Distributors - 0.7%
|
|||
Diploma PLC
|
884,895
|
46,723,848
|
|
TOTAL INDUSTRIALS
|
439,962,713
|
||
Information Technology - 1.0%
|
|||
Electronic Equipment, Instruments & Components - 1.0%
|
|||
Halma PLC
|
1,807,482
|
66,387,390
|
|
TOTAL UNITED KINGDOM
|
1,149,777,020
|
||
UNITED STATES - 15.3%
|
|||
Communication Services - 0.9%
|
|||
Entertainment - 0.9%
|
|||
Spotify Technology SA (c)
|
102,000
|
62,625,960
|
|
Financials - 4.5%
|
|||
Capital Markets - 1.6%
|
|||
S&P Global Inc
|
215,005
|
107,513,250
|
|
Financial Services - 1.3%
|
|||
Visa Inc Class A
|
251,900
|
87,031,450
|
|
Insurance - 1.6%
|
|||
Marsh & McLennan Cos Inc
|
493,700
|
111,314,539
|
|
TOTAL FINANCIALS
|
305,859,239
|
||
Health Care - 2.3%
|
|||
Health Care Equipment & Supplies - 1.6%
|
|||
Alcon AG
|
1,092,570
|
105,451,174
|
|
Life Sciences Tools & Services - 0.7%
|
|||
Thermo Fisher Scientific Inc
|
118,800
|
50,965,200
|
|
TOTAL HEALTH CARE
|
156,416,374
|
||
Industrials - 3.3%
|
|||
Electrical Equipment - 1.4%
|
|||
Schneider Electric SE
|
413,200
|
96,542,438
|
|
Professional Services - 1.7%
|
|||
Experian PLC
|
2,292,800
|
114,069,177
|
|
Trading Companies & Distributors - 0.2%
|
|||
Ferguson Enterprises Inc (United Kingdom)
|
65,700
|
11,041,112
|
|
TOTAL INDUSTRIALS
|
221,652,727
|
||
Materials - 4.3%
|
|||
Chemicals - 1.6%
|
|||
Linde PLC
|
235,500
|
106,735,665
|
|
Construction Materials - 2.7%
|
|||
CRH PLC
|
831,500
|
79,341,730
|
|
Holcim AG
|
948,570
|
106,000,784
|
|
185,342,514
|
|||
TOTAL MATERIALS
|
292,078,179
|
||
TOTAL UNITED STATES
|
1,038,632,479
|
||
TOTAL COMMON STOCKS
(Cost $4,760,113,305)
|
6,571,580,609
|
||
Money Market Funds - 4.6%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
177,723,786
|
177,759,330
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
132,956,584
|
132,969,879
|
|
TOTAL MONEY MARKET FUNDS
(Cost $310,729,210)
|
310,729,209
|
|||
TOTAL INVESTMENT IN SECURITIES - 101.4%
(Cost $5,070,842,515)
|
6,882,309,818
|
NET OTHER ASSETS (LIABILITIES) - (1.4)%
|
(94,045,810)
|
NET ASSETS - 100.0%
|
6,788,264,008
|
(a)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $59,297,902 or 0.9% of net assets.
|
(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 $48,081,949 or 0.7% of net assets.
|
(c)
|
Non-income producing
|
(d)
|
Level 3 security
|
(e)
|
Security or a portion of the security is on loan at period end.
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,556,623 or 0.0% of net assets.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Kry International Ab
|
5/14/21 - 10/30/24
|
8,571,872
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
150,014,624
|
794,585,862
|
766,841,155
|
2,043,183
|
-
|
(1)
|
177,759,330
|
177,723,786
|
0.3%
|
Fidelity Securities Lending Cash Central Fund
|
13,619,083
|
209,770,381
|
90,419,585
|
83,373
|
-
|
-
|
132,969,879
|
132,956,584
|
0.4%
|
Total
|
163,633,707
|
1,004,356,243
|
857,260,740
|
2,126,556
|
-
|
(1)
|
310,729,209
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
443,541,497
|
112,396,436
|
331,145,061
|
-
|
Consumer Discretionary
|
396,444,099
|
96,143,040
|
300,301,059
|
-
|
Consumer Staples
|
88,138,720
|
-
|
88,138,720
|
-
|
Financials
|
1,968,185,534
|
768,314,935
|
1,199,870,599
|
-
|
Health Care
|
558,270,927
|
406,873,916
|
151,397,011
|
-
|
Industrials
|
1,792,887,990
|
562,141,845
|
1,230,746,145
|
-
|
Information Technology
|
866,160,667
|
371,026,301
|
492,577,738
|
2,556,628
|
Materials
|
457,951,175
|
216,570,867
|
241,380,308
|
-
|
Money Market Funds
|
310,729,209
|
310,729,209
|
-
|
-
|
Total Investments in Securities:
|
6,882,309,818
|
2,844,196,549
|
4,035,556,641
|
2,556,628
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $121,716,604) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $4,760,113,305)
|
$
|
6,571,580,609
|
||
Fidelity Central Funds (cost $310,729,210)
|
310,729,209
|
|||
Total Investment in Securities (cost $5,070,842,515)
|
$
|
6,882,309,818
|
||
Foreign currency held at value (cost $1,636)
|
1,636
|
|||
Receivable for investments sold
|
38,097,142
|
|||
Receivable for fund shares sold
|
5,684,010
|
|||
Dividends receivable
|
15,907,807
|
|||
Reclaims receivable
|
35,001,721
|
|||
Distributions receivable from Fidelity Central Funds
|
587,502
|
|||
Prepaid expenses
|
2,824
|
|||
Other receivables
|
48,119
|
|||
Total assets
|
6,977,640,579
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
47,476,717
|
||
Payable for fund shares redeemed
|
3,487,282
|
|||
Accrued management fee
|
3,830,038
|
|||
Other payables and accrued expenses
|
1,612,655
|
|||
Collateral on securities loaned
|
132,969,879
|
|||
Total liabilities
|
189,376,571
|
|||
Net Assets
|
$
|
6,788,264,008
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
5,001,598,899
|
||
Total accumulated earnings (loss)
|
1,786,665,109
|
|||
Net Assets
|
$
|
6,788,264,008
|
||
Net Asset Value and Maximum Offering Price
|
||||
Overseas :
|
||||
Net Asset Value, offering price and redemption price per share ($5,350,328,320 ÷ 76,743,857 shares)
|
$
|
69.72
|
||
Class K :
|
||||
Net Asset Value, offering price and redemption price per share ($1,437,935,688 ÷ 20,742,998 shares)
|
$
|
69.32
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
50,448,367
|
||
Foreign Tax Reclaims
|
5,630,951
|
|||
Income from Fidelity Central Funds (including $83,373 from security lending)
|
2,126,556
|
|||
Income before foreign taxes withheld
|
$
|
58,205,874
|
||
Less foreign taxes withheld
|
(4,864,693)
|
|||
Total income
|
53,341,181
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
23,755,046
|
||
Performance adjustment
|
(4,557,868)
|
|||
Custodian fees and expenses
|
106,486
|
|||
Independent trustees' fees and expenses
|
14,135
|
|||
Registration fees
|
69,376
|
|||
Audit fees
|
64,296
|
|||
Legal
|
169,911
|
|||
Miscellaneous
|
13,456
|
|||
Total expenses before reductions
|
19,634,838
|
|||
Expense reductions
|
(1,385)
|
|||
Total expenses after reductions
|
19,633,453
|
|||
Net Investment income (loss)
|
33,707,728
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(13,310,859)
|
|||
Foreign currency transactions
|
414,960
|
|||
Total net realized gain (loss)
|
(12,895,899)
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $960,139)
|
511,905,611
|
|||
Fidelity Central Funds
|
(1)
|
|||
Assets and liabilities in foreign currencies
|
2,238,459
|
|||
Total change in net unrealized appreciation (depreciation)
|
514,144,069
|
|||
Net gain (loss)
|
501,248,170
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
534,955,898
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
33,707,728
|
$
|
116,959,291
|
Net realized gain (loss)
|
(12,895,899)
|
2,169,142,661
|
||
Change in net unrealized appreciation (depreciation)
|
514,144,069
|
(70,668,549)
|
||
Net increase (decrease) in net assets resulting from operations
|
534,955,898
|
2,215,433,403
|
||
Distributions to shareholders
|
(89,012,888)
|
(91,103,428)
|
||
Share transactions - net increase (decrease)
|
48,488,524
|
(3,207,644,234)
|
||
Total increase (decrease) in net assets
|
494,431,534
|
(1,083,314,259)
|
||
Net Assets
|
||||
Beginning of period
|
6,293,832,474
|
7,377,146,733
|
||
End of period
|
$
|
6,788,264,008
|
$
|
6,293,832,474
|
Fidelity® Overseas Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
65.03
|
$
|
52.19
|
$
|
46.55
|
$
|
69.79
|
$
|
50.91
|
$
|
49.51
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.34
|
.85
|
.67
|
.47
|
.21
|
.13
|
||||||
Net realized and unrealized gain (loss)
|
5.22
|
12.61
|
5.36
|
(20.64)
|
18.98
|
1.97
|
||||||
Total from investment operations
|
5.56
|
13.46
|
6.03
|
(20.17)
|
19.19
|
2.10
|
||||||
Distributions from net investment income
|
(.87)
|
(.62)
|
(.39)
|
(.20)
|
(.11)
|
(.70)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.87)
|
(.21)
|
-
|
||||||
Total distributions
|
(.87)
|
(.62)
|
(.39)
|
(3.07)
|
(.31) C
|
(.70)
|
||||||
Net asset value, end of period
|
$
|
69.72
|
$
|
65.03
|
$
|
52.19
|
$
|
46.55
|
$
|
69.79
|
$
|
50.91
|
Total Return D,E
|
8.64 % |
25.94%
|
12.95%
|
(30.12)%
|
37.83%
|
4.25%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.63% H
|
.69%
|
.73%
|
.95%
|
.99%
|
1.04%
|
||||||
Expenses net of fee waivers, if any
|
.63 % H |
.69%
|
.72%
|
.95%
|
.98%
|
1.04%
|
||||||
Expenses net of all reductions, if any
|
.63% H
|
.69%
|
.72%
|
.94%
|
.98%
|
1.03%
|
||||||
Net investment income (loss)
|
1.04% H
|
1.34%
|
1.23%
|
.84%
|
.33%
|
.27%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
5,350,328
|
$
|
4,962,649
|
$
|
6,684,862
|
$
|
6,175,776
|
$
|
8,981,609
|
$
|
6,160,617
|
Portfolio turnover rate I
|
51 % H |
35% J
|
34%
|
25%
|
30% J
|
41%
|
Fidelity® Overseas Fund Class K |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
64.91
|
$
|
52.11
|
$
|
46.48
|
$
|
69.68
|
$
|
50.83
|
$
|
49.43
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.37
|
.89
|
.73
|
.54
|
.27
|
.19
|
||||||
Net realized and unrealized gain (loss)
|
5.18
|
12.59
|
5.34
|
(20.60)
|
18.95
|
1.96
|
||||||
Total from investment operations
|
5.55
|
13.48
|
6.07
|
(20.06)
|
19.22
|
2.15
|
||||||
Distributions from net investment income
|
(1.14)
|
(.68)
|
(.44)
|
(.26)
|
(.16)
|
(.75)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
(2.87)
|
(.21)
|
-
|
||||||
Total distributions
|
(1.14)
|
(.68)
|
(.44)
|
(3.14) C
|
(.37)
|
(.75)
|
||||||
Net asset value, end of period
|
$
|
69.32
|
$
|
64.91
|
$
|
52.11
|
$
|
46.48
|
$
|
69.68
|
$
|
50.83
|
Total Return D,E
|
8.69 % |
26.04%
|
13.06%
|
(30.04)%
|
37.97%
|
4.36%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.55% H
|
.64%
|
.62%
|
.84%
|
.89%
|
.94%
|
||||||
Expenses net of fee waivers, if any
|
.55 % H |
.63%
|
.61%
|
.84%
|
.88%
|
.93%
|
||||||
Expenses net of all reductions, if any
|
.55% H
|
.63%
|
.61%
|
.84%
|
.88%
|
.93%
|
||||||
Net investment income (loss)
|
1.12% H
|
1.40%
|
1.34%
|
.94%
|
.43%
|
.38%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
1,437,936
|
$
|
1,331,184
|
$
|
692,284
|
$
|
620,003
|
$
|
1,591,397
|
$
|
1,022,402
|
Portfolio turnover rate I
|
51 % H |
35% J
|
34%
|
25%
|
30% J
|
41%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Fidelity Overseas Fund
|
$19,059
|
Gross unrealized appreciation
|
$1,869,476,325
|
Gross unrealized depreciation
|
(90,698,789)
|
Net unrealized appreciation (depreciation)
|
$1,778,777,536
|
Tax cost
|
$5,103,532,282
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Overseas Fund
|
1,597,280,588
|
1,643,747,941
|
Maximum Management Fee Rate %
|
|
Overseas
|
.78
|
Class K
|
.68
|
Total Management Fee Rate %
|
|
Overseas
|
.76
|
Class K
|
.68
|
Performance Adjustment Index
|
|
Fidelity Overseas Fund
|
MSCI EAFE Index
|
Amount ($)
|
|
Fidelity Overseas Fund
|
150
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Overseas Fund
|
86,976,173
|
20,676,107
|
(2,297,189)
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity Overseas Fund
|
73,699,426
|
1,994,718,961
|
5,011,560,962
|
Amount ($)
|
|
Fidelity Overseas Fund
|
4,969
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Overseas Fund
|
8,777
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Overseas Fund
|
||
Distributions to shareholders
|
||
Overseas
|
$65,840,551
|
$80,812,559
|
Class K
|
23,172,337
|
10,290,869
|
Total
|
$89,012,888
|
$91,103,428
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Overseas Fund
|
||||
Overseas
|
||||
Shares sold
|
7,762,348
|
33,392,063
|
$507,860,283
|
$2,093,817,387
|
Reinvestment of distributions
|
761,890
|
1,223,215
|
49,385,702
|
70,139,126
|
Shares redeemed
|
(8,096,587)
|
(86,383,538)
|
(526,108,369)
|
(5,822,142,918)
|
Net increase (decrease)
|
427,651
|
(51,768,260)
|
$31,137,616
|
$(3,658,186,405)
|
Class K
|
||||
Shares sold
|
2,745,281
|
10,389,470
|
$181,203,944
|
$652,824,553
|
Reinvestment of distributions
|
359,651
|
179,942
|
23,172,337
|
10,290,869
|
Shares redeemed
|
(2,869,581)
|
(3,346,586)
|
(187,025,373)
|
(212,573,251)
|
Net increase (decrease)
|
235,351
|
7,222,826
|
$17,350,908
|
$450,542,171
|
Common Stocks - 96.1%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 1.5%
|
|||
Communication Services - 0.6%
|
|||
Interactive Media & Services - 0.6%
|
|||
CAR Group Ltd
|
709,556
|
15,144,977
|
|
Consumer Discretionary - 0.2%
|
|||
Specialty Retail - 0.2%
|
|||
Lovisa Holdings Ltd
|
439,390
|
7,014,653
|
|
Financials - 0.3%
|
|||
Insurance - 0.3%
|
|||
nib holdings Ltd/Australia
|
1,873,683
|
8,174,213
|
|
Materials - 0.2%
|
|||
Metals & Mining - 0.2%
|
|||
Deterra Royalties Ltd
|
2,088,759
|
4,870,035
|
|
Real Estate - 0.2%
|
|||
Specialized REITs - 0.2%
|
|||
National Storage REIT unit
|
4,853,097
|
7,136,065
|
|
TOTAL AUSTRALIA
|
42,339,943
|
||
AUSTRIA - 0.3%
|
|||
Materials - 0.3%
|
|||
Construction Materials - 0.3%
|
|||
Wienerberger AG
|
277,300
|
9,700,622
|
|
BELGIUM - 0.9%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
KBC Group NV
|
111,600
|
10,248,096
|
|
Health Care - 0.4%
|
|||
Pharmaceuticals - 0.4%
|
|||
UCB SA
|
63,000
|
11,501,204
|
|
Industrials - 0.1%
|
|||
Trading Companies & Distributors - 0.1%
|
|||
Azelis Group NV
|
232,768
|
3,596,748
|
|
TOTAL BELGIUM
|
25,346,048
|
||
BRAZIL - 0.9%
|
|||
Consumer Discretionary - 0.9%
|
|||
Broadline Retail - 0.9%
|
|||
MercadoLibre Inc (a)
|
11,000
|
25,639,350
|
|
CANADA - 3.6%
|
|||
Energy - 1.8%
|
|||
Oil, Gas & Consumable Fuels - 1.8%
|
|||
PrairieSky Royalty Ltd
|
3,144,700
|
52,943,919
|
|
Information Technology - 1.0%
|
|||
IT Services - 0.6%
|
|||
Shopify Inc Class A (United States) (a)
|
171,000
|
16,245,000
|
|
Software - 0.4%
|
|||
Constellation Software Inc/Canada
|
2,100
|
7,568,211
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(b)
|
3,700
|
0
|
|
Lumine Group Inc Subordinate Voting Shares (a)(c)
|
185,450
|
5,995,580
|
|
13,563,791
|
|||
TOTAL INFORMATION TECHNOLOGY
|
29,808,791
|
||
Materials - 0.8%
|
|||
Metals & Mining - 0.8%
|
|||
Franco-Nevada Corp
|
128,500
|
22,082,500
|
|
TOTAL CANADA
|
104,835,210
|
||
CHINA - 1.3%
|
|||
Communication Services - 0.6%
|
|||
Interactive Media & Services - 0.6%
|
|||
Tencent Holdings Ltd
|
262,800
|
16,096,751
|
|
Tencent Holdings Ltd ADR
|
5,000
|
305,300
|
|
16,402,051
|
|||
Consumer Discretionary - 0.4%
|
|||
Automobiles - 0.4%
|
|||
BYD Co Ltd H Shares
|
238,500
|
11,327,855
|
|
Consumer Staples - 0.2%
|
|||
Beverages - 0.2%
|
|||
Kweichow Moutai Co Ltd A Shares (China)
|
27,700
|
5,894,559
|
|
Industrials - 0.1%
|
|||
Ground Transportation - 0.1%
|
|||
Full Truck Alliance Co Ltd ADR
|
483,100
|
5,488,016
|
|
TOTAL CHINA
|
39,112,481
|
||
DENMARK - 0.8%
|
|||
Health Care - 0.3%
|
|||
Pharmaceuticals - 0.3%
|
|||
Novo Nordisk A/S Series B
|
137,300
|
9,180,092
|
|
Industrials - 0.5%
|
|||
Air Freight & Logistics - 0.5%
|
|||
DSV A/S
|
61,646
|
13,066,480
|
|
TOTAL DENMARK
|
22,246,572
|
||
FINLAND - 0.3%
|
|||
Materials - 0.3%
|
|||
Paper & Forest Products - 0.3%
|
|||
UPM-Kymmene Oyj
|
285,700
|
7,567,079
|
|
FRANCE - 1.5%
|
|||
Consumer Discretionary - 0.1%
|
|||
Textiles, Apparel & Luxury Goods - 0.1%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
7,200
|
3,988,291
|
|
Consumer Staples - 0.7%
|
|||
Food Products - 0.7%
|
|||
Danone SA
|
228,900
|
19,696,024
|
|
Health Care - 0.3%
|
|||
Health Care Equipment & Supplies - 0.3%
|
|||
EssilorLuxottica SA
|
32,700
|
9,361,068
|
|
Industrials - 0.4%
|
|||
Aerospace & Defense - 0.4%
|
|||
Thales SA
|
38,300
|
10,728,687
|
|
TOTAL FRANCE
|
43,774,070
|
||
GERMANY - 1.4%
|
|||
Health Care - 0.3%
|
|||
Health Care Providers & Services - 0.3%
|
|||
Fresenius SE & Co KGaA (a)
|
160,000
|
7,576,501
|
|
Industrials - 0.5%
|
|||
Air Freight & Logistics - 0.5%
|
|||
Deutsche Post AG
|
365,511
|
15,617,557
|
|
Information Technology - 0.6%
|
|||
Software - 0.6%
|
|||
SAP SE
|
60,700
|
17,760,130
|
|
TOTAL GERMANY
|
40,954,188
|
||
HONG KONG - 0.9%
|
|||
Financials - 0.9%
|
|||
Insurance - 0.9%
|
|||
Prudential PLC
|
2,394,386
|
25,458,977
|
|
Prudential PLC rights (a)(d)(e)
|
2,394,386
|
402,959
|
|
TOTAL HONG KONG
|
25,861,936
|
||
INDIA - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Pine Labs Pvt Ltd (a)(b)(f)
|
792
|
366,625
|
|
INDONESIA - 0.8%
|
|||
Financials - 0.8%
|
|||
Banks - 0.8%
|
|||
Bank Central Asia Tbk PT
|
37,470,600
|
19,922,767
|
|
Bank Syariah Indonesia Tbk PT
|
25,640,800
|
4,410,020
|
|
TOTAL INDONESIA
|
24,332,787
|
||
IRELAND - 1.0%
|
|||
Financials - 0.7%
|
|||
Banks - 0.7%
|
|||
AIB Group PLC
|
2,942,400
|
19,776,048
|
|
Financial Services - 0.0%
|
|||
Circle Internet Financial LLC (b)
|
23,730
|
553,621
|
|
TOTAL FINANCIALS
|
20,329,669
|
||
Industrials - 0.3%
|
|||
Building Products - 0.3%
|
|||
Kingspan Group PLC
|
112,700
|
9,486,044
|
|
TOTAL IRELAND
|
29,815,713
|
||
ITALY - 1.7%
|
|||
Consumer Discretionary - 0.5%
|
|||
Automobile Components - 0.1%
|
|||
Pirelli & C SpA (c)(g)
|
863,600
|
5,306,458
|
|
Textiles, Apparel & Luxury Goods - 0.4%
|
|||
Prada Spa (a)
|
1,685,600
|
10,540,977
|
|
TOTAL CONSUMER DISCRETIONARY
|
15,847,435
|
||
Financials - 0.5%
|
|||
Financial Services - 0.5%
|
|||
BFF Bank SpA (a)(c)(g)
|
1,435,530
|
13,546,581
|
|
Health Care - 0.4%
|
|||
Pharmaceuticals - 0.4%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
186,060
|
10,928,843
|
|
Industrials - 0.3%
|
|||
Electrical Equipment - 0.1%
|
|||
Prysmian SpA
|
74,900
|
4,114,422
|
|
Machinery - 0.2%
|
|||
Interpump Group SpA
|
160,100
|
5,455,588
|
|
TOTAL INDUSTRIALS
|
9,570,010
|
||
TOTAL ITALY
|
49,892,869
|
||
JAPAN - 3.8%
|
|||
Communication Services - 0.6%
|
|||
Entertainment - 0.6%
|
|||
Nintendo Co Ltd
|
215,300
|
17,874,208
|
|
Consumer Discretionary - 1.1%
|
|||
Broadline Retail - 0.2%
|
|||
Pan Pacific International Holdings Corp
|
227,500
|
7,016,890
|
|
Hotels, Restaurants & Leisure - 0.2%
|
|||
Kyoritsu Maintenance Co Ltd (e)
|
218,300
|
4,609,370
|
|
Specialty Retail - 0.7%
|
|||
Fast Retailing Co Ltd
|
27,100
|
8,914,407
|
|
USS Co Ltd
|
886,600
|
8,861,039
|
|
17,775,446
|
|||
TOTAL CONSUMER DISCRETIONARY
|
29,401,706
|
||
Industrials - 0.9%
|
|||
Professional Services - 0.6%
|
|||
BayCurrent Inc
|
153,700
|
8,281,911
|
|
Timee Inc (a)
|
649,300
|
7,792,690
|
|
16,074,601
|
|||
Trading Companies & Distributors - 0.3%
|
|||
ITOCHU Corp
|
217,100
|
11,103,132
|
|
TOTAL INDUSTRIALS
|
27,177,733
|
||
Information Technology - 0.6%
|
|||
IT Services - 0.2%
|
|||
NSD Co Ltd
|
254,500
|
5,978,916
|
|
Semiconductors & Semiconductor Equipment - 0.4%
|
|||
Advantest Corp
|
98,900
|
4,137,575
|
|
Renesas Electronics Corp
|
509,231
|
5,975,961
|
|
10,113,536
|
|||
TOTAL INFORMATION TECHNOLOGY
|
16,092,452
|
||
Materials - 0.3%
|
|||
Chemicals - 0.3%
|
|||
NOF Corp
|
632,885
|
9,494,602
|
|
Real Estate - 0.3%
|
|||
Real Estate Management & Development - 0.3%
|
|||
Katitas Co Ltd
|
695,700
|
10,052,568
|
|
TOTAL JAPAN
|
110,093,269
|
||
LUXEMBOURG - 0.0%
|
|||
Consumer Discretionary - 0.0%
|
|||
Automobile Components - 0.0%
|
|||
Novem Group SA (a)
|
232,076
|
1,064,775
|
|
NETHERLANDS - 1.7%
|
|||
Health Care - 0.9%
|
|||
Biotechnology - 0.9%
|
|||
Argenx SE ADR (a)
|
41,000
|
26,450,740
|
|
Industrials - 0.5%
|
|||
Professional Services - 0.3%
|
|||
Wolters Kluwer NV
|
52,100
|
9,174,890
|
|
Trading Companies & Distributors - 0.2%
|
|||
IMCD NV
|
43,951
|
5,817,949
|
|
TOTAL INDUSTRIALS
|
14,992,839
|
||
Information Technology - 0.3%
|
|||
Semiconductors & Semiconductor Equipment - 0.3%
|
|||
BE Semiconductor Industries NV
|
84,400
|
9,010,525
|
|
TOTAL NETHERLANDS
|
50,454,104
|
||
NORWAY - 0.3%
|
|||
Energy - 0.3%
|
|||
Energy Equipment & Services - 0.3%
|
|||
TGS ASA
|
1,137,149
|
8,411,059
|
|
SPAIN - 2.0%
|
|||
Consumer Discretionary - 0.3%
|
|||
Household Durables - 0.3%
|
|||
Neinor Homes SA (c)(g)
|
553,500
|
9,606,137
|
|
Financials - 1.3%
|
|||
Banks - 1.3%
|
|||
Bankinter SA
|
1,402,400
|
16,268,379
|
|
CaixaBank SA (e)
|
2,483,300
|
19,032,520
|
|
35,300,899
|
|||
Real Estate - 0.4%
|
|||
Real Estate Management & Development - 0.4%
|
|||
Aedas Homes SL (c)(g)
|
377,700
|
12,151,719
|
|
TOTAL SPAIN
|
57,058,755
|
||
SWEDEN - 3.2%
|
|||
Communication Services - 1.1%
|
|||
Interactive Media & Services - 1.1%
|
|||
Hemnet Group AB (a)
|
845,830
|
28,965,882
|
|
Consumer Discretionary - 0.5%
|
|||
Household Durables - 0.3%
|
|||
JM AB
|
452,900
|
7,234,779
|
|
Specialty Retail - 0.2%
|
|||
Haypp Group AB (a)
|
607,852
|
6,402,083
|
|
TOTAL CONSUMER DISCRETIONARY
|
13,636,862
|
||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
Swedbank AB A1 Shares
|
758,350
|
18,822,427
|
|
Health Care - 0.7%
|
|||
Life Sciences Tools & Services - 0.7%
|
|||
AddLife AB B Shares
|
1,134,424
|
21,478,412
|
|
Information Technology - 0.1%
|
|||
Electronic Equipment, Instruments & Components - 0.1%
|
|||
Dustin Group AB (a)(c)(e)(g)
|
8,145,810
|
2,907,562
|
|
Software - 0.0%
|
|||
Kry International Ab (a)(b)(f)
|
22,735
|
448,401
|
|
TOTAL INFORMATION TECHNOLOGY
|
3,355,963
|
||
Materials - 0.2%
|
|||
Chemicals - 0.2%
|
|||
Hexpol AB B Shares
|
709,259
|
6,141,946
|
|
TOTAL SWEDEN
|
92,401,492
|
||
SWITZERLAND - 0.8%
|
|||
Information Technology - 0.8%
|
|||
Electronic Equipment, Instruments & Components - 0.8%
|
|||
TE Connectivity PLC
|
150,000
|
21,957,000
|
|
TAIWAN - 0.9%
|
|||
Information Technology - 0.9%
|
|||
Electronic Equipment, Instruments & Components - 0.4%
|
|||
E Ink Holdings Inc
|
1,806,000
|
12,590,777
|
|
Semiconductors & Semiconductor Equipment - 0.5%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
254,000
|
7,182,604
|
|
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
44,000
|
7,334,360
|
|
14,516,964
|
|||
TOTAL TAIWAN
|
27,107,741
|
||
UNITED KINGDOM - 5.0%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Zegona Communications plc (a)
|
511,600
|
4,609,031
|
|
Consumer Discretionary - 1.0%
|
|||
Hotels, Restaurants & Leisure - 0.4%
|
|||
Flutter Entertainment PLC (United Kingdom) (a)
|
45,800
|
10,962,363
|
|
Leisure Products - 0.6%
|
|||
Games Workshop Group PLC
|
82,818
|
17,008,256
|
|
TOTAL CONSUMER DISCRETIONARY
|
27,970,619
|
||
Consumer Staples - 0.4%
|
|||
Beverages - 0.4%
|
|||
Diageo PLC
|
391,173
|
10,984,292
|
|
Financials - 2.2%
|
|||
Banks - 0.4%
|
|||
NatWest Group PLC
|
2,004,800
|
12,895,448
|
|
Capital Markets - 0.5%
|
|||
London Stock Exchange Group PLC
|
90,528
|
14,096,253
|
|
Financial Services - 0.1%
|
|||
Revolut Group Holdings Ltd (b)(f)
|
3,936
|
2,967,075
|
|
Insurance - 1.2%
|
|||
Hiscox Ltd
|
1,504,447
|
22,034,692
|
|
Sabre Insurance Group PLC (c)(g)
|
6,755,301
|
11,325,509
|
|
33,360,201
|
|||
TOTAL FINANCIALS
|
63,318,977
|
||
Industrials - 0.9%
|
|||
Professional Services - 0.6%
|
|||
Intertek Group PLC
|
100,000
|
6,109,097
|
|
RELX PLC
|
214,800
|
11,722,742
|
|
17,831,839
|
|||
Trading Companies & Distributors - 0.3%
|
|||
RS GROUP PLC
|
1,071,095
|
7,358,496
|
|
TOTAL INDUSTRIALS
|
25,190,335
|
||
Information Technology - 0.2%
|
|||
IT Services - 0.2%
|
|||
Softcat PLC
|
325,792
|
7,255,198
|
|
Real Estate - 0.2%
|
|||
Specialized REITs - 0.2%
|
|||
Big Yellow Group PLC (The)
|
364,800
|
4,890,860
|
|
TOTAL UNITED KINGDOM
|
144,219,312
|
||
UNITED STATES - 61.5%
|
|||
Communication Services - 9.8%
|
|||
Entertainment - 2.0%
|
|||
Netflix Inc (a)
|
34,000
|
38,478,480
|
|
Spotify Technology SA (a)
|
33,000
|
20,261,340
|
|
58,739,820
|
|||
Interactive Media & Services - 6.1%
|
|||
Alphabet Inc Class A
|
468,000
|
74,318,400
|
|
Meta Platforms Inc Class A
|
186,000
|
102,114,000
|
|
176,432,400
|
|||
Wireless Telecommunication Services - 1.7%
|
|||
T-Mobile US Inc
|
196,910
|
48,626,925
|
|
TOTAL COMMUNICATION SERVICES
|
283,799,145
|
||
Consumer Discretionary - 11.3%
|
|||
Automobile Components - 0.4%
|
|||
Modine Manufacturing Co (a)
|
130,000
|
10,613,200
|
|
Automobiles - 0.0%
|
|||
Rivian Automotive Inc Class A (a)
|
100
|
1,366
|
|
Tesla Inc (a)
|
3,100
|
874,696
|
|
876,062
|
|||
Broadline Retail - 4.1%
|
|||
Amazon.com Inc (a)
|
638,000
|
117,659,960
|
|
Diversified Consumer Services - 1.0%
|
|||
Service Corp International/US
|
378,000
|
30,202,200
|
|
Hotels, Restaurants & Leisure - 2.0%
|
|||
DraftKings Inc Class A (a)
|
1,785,000
|
59,422,650
|
|
Household Durables - 1.3%
|
|||
SharkNinja Inc (a)
|
30,000
|
2,415,000
|
|
Somnigroup International Inc
|
585,000
|
35,720,100
|
|
38,135,100
|
|||
Specialty Retail - 0.7%
|
|||
AutoZone Inc (a)
|
5,100
|
19,189,260
|
|
Textiles, Apparel & Luxury Goods - 1.8%
|
|||
Deckers Outdoor Corp (a)
|
461,530
|
51,151,370
|
|
Skechers USA Inc Class A (a)
|
14,000
|
672,280
|
|
51,823,650
|
|||
TOTAL CONSUMER DISCRETIONARY
|
327,922,082
|
||
Consumer Staples - 4.3%
|
|||
Beverages - 0.3%
|
|||
Keurig Dr Pepper Inc
|
318,000
|
10,999,620
|
|
Consumer Staples Distribution & Retail - 2.2%
|
|||
Costco Wholesale Corp
|
20,500
|
20,387,250
|
|
Walmart Inc
|
434,000
|
42,206,500
|
|
62,593,750
|
|||
Tobacco - 1.8%
|
|||
Philip Morris International Inc
|
299,000
|
51,236,640
|
|
TOTAL CONSUMER STAPLES
|
124,830,010
|
||
Energy - 1.1%
|
|||
Oil, Gas & Consumable Fuels - 1.1%
|
|||
Exxon Mobil Corp
|
318,000
|
33,590,340
|
|
Financials - 7.7%
|
|||
Banks - 1.1%
|
|||
Wells Fargo & Co
|
470,000
|
33,374,700
|
|
Capital Markets - 5.4%
|
|||
Bank of New York Mellon Corp/The
|
597,000
|
48,004,770
|
|
Northern Trust Corp
|
242,100
|
22,752,558
|
|
Robinhood Markets Inc Class A (a)
|
1,701,000
|
83,536,110
|
|
154,293,438
|
|||
Financial Services - 0.6%
|
|||
Fiserv Inc (a)
|
98,201
|
18,124,959
|
|
Insurance - 0.6%
|
|||
Arthur J Gallagher & Co
|
16,000
|
5,131,040
|
|
Chubb Ltd
|
47,000
|
13,445,760
|
|
18,576,800
|
|||
TOTAL FINANCIALS
|
224,369,897
|
||
Health Care - 5.3%
|
|||
Biotechnology - 0.6%
|
|||
Alnylam Pharmaceuticals Inc (a)
|
64,000
|
16,847,360
|
|
Health Care Equipment & Supplies - 1.5%
|
|||
Boston Scientific Corp (a)
|
206,147
|
21,206,342
|
|
Intuitive Surgical Inc (a)
|
36,000
|
18,568,800
|
|
Masimo Corp (a)
|
22,000
|
3,541,120
|
|
43,316,262
|
|||
Health Care Providers & Services - 1.5%
|
|||
UnitedHealth Group Inc
|
109,000
|
44,846,960
|
|
Pharmaceuticals - 1.7%
|
|||
Eli Lilly & Co
|
54,000
|
48,543,300
|
|
TOTAL HEALTH CARE
|
153,553,882
|
||
Industrials - 2.6%
|
|||
Aerospace & Defense - 0.3%
|
|||
GE Aerospace
|
39,000
|
7,860,060
|
|
Electrical Equipment - 0.1%
|
|||
GE Vernova Inc
|
11,000
|
4,079,020
|
|
Machinery - 0.4%
|
|||
PACCAR Inc
|
143,000
|
12,900,030
|
|
Professional Services - 1.8%
|
|||
TransUnion (e)
|
603,577
|
50,072,748
|
|
Trading Companies & Distributors - 0.0%
|
|||
Herc Holdings Inc
|
10,000
|
1,094,400
|
|
TOTAL INDUSTRIALS
|
76,006,258
|
||
Information Technology - 14.7%
|
|||
Communications Equipment - 1.0%
|
|||
Cisco Systems Inc
|
503,000
|
29,038,190
|
|
Electronic Equipment, Instruments & Components - 0.8%
|
|||
Amphenol Corp Class A
|
343,000
|
26,393,850
|
|
IT Services - 2.5%
|
|||
Kyndryl Holdings Inc (a)
|
2,239,000
|
72,588,380
|
|
Semiconductors & Semiconductor Equipment - 4.0%
|
|||
Broadcom Inc
|
1,000
|
192,470
|
|
NVIDIA Corp
|
1,053,000
|
114,692,760
|
|
114,885,230
|
|||
Software - 3.4%
|
|||
AppLovin Corp Class A (a)
|
1,000
|
269,310
|
|
Microsoft Corp
|
225,000
|
88,933,500
|
|
MicroStrategy Inc Class A (a)
|
20,000
|
7,602,200
|
|
Palantir Technologies Inc Class A (a)
|
3,000
|
355,320
|
|
Rubrik Inc Class A (a)
|
6,000
|
423,180
|
|
Stripe Inc Class B (a)(b)(f)
|
10,000
|
355,000
|
|
97,938,510
|
|||
Technology Hardware, Storage & Peripherals - 3.0%
|
|||
Apple Inc
|
353,000
|
75,012,500
|
|
Pure Storage Inc Class A (a)
|
253,000
|
11,476,080
|
|
86,488,580
|
|||
TOTAL INFORMATION TECHNOLOGY
|
427,332,740
|
||
Real Estate - 2.7%
|
|||
Industrial REITs - 2.1%
|
|||
Prologis Inc
|
589,000
|
60,195,800
|
|
Residential REITs - 0.1%
|
|||
Sun Communities Inc
|
19,000
|
2,364,170
|
|
Specialized REITs - 0.5%
|
|||
American Tower Corp
|
20,000
|
4,508,200
|
|
Iron Mountain Inc
|
124,000
|
11,119,080
|
|
15,627,280
|
|||
TOTAL REAL ESTATE
|
78,187,250
|
||
Utilities - 2.0%
|
|||
Multi-Utilities - 1.3%
|
|||
Ameren Corp
|
199,000
|
19,748,760
|
|
CMS Energy Corp
|
245,000
|
18,044,250
|
|
37,793,010
|
|||
Water Utilities - 0.7%
|
|||
American Water Works Co Inc
|
131,000
|
19,258,310
|
|
TOTAL UTILITIES
|
57,051,320
|
||
TOTAL UNITED STATES
|
1,786,642,924
|
||
TOTAL COMMON STOCKS
(Cost $2,259,589,350)
|
2,791,195,924
|
||
Convertible Preferred Stocks - 0.2%
|
|||
Shares
|
Value ($)
|
||
CHINA - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Interactive Media & Services - 0.1%
|
|||
ByteDance Ltd Series E1 (a)(b)(f)
|
14,425
|
3,062,284
|
|
Health Care - 0.0%
|
|||
Health Care Providers & Services - 0.0%
|
|||
dMed Biopharmaceutical Co Ltd Series C (a)(b)(f)
|
120,600
|
967,212
|
|
TOTAL CHINA
|
4,029,496
|
||
INDIA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Pine Labs Pvt Ltd Series 1 (a)(b)(f)
|
1,892
|
875,826
|
|
Pine Labs Pvt Ltd Series A (a)(b)(f)
|
473
|
218,956
|
|
Pine Labs Pvt Ltd Series B (a)(b)(f)
|
514
|
237,936
|
|
Pine Labs Pvt Ltd Series B2 (a)(b)(f)
|
416
|
192,571
|
|
Pine Labs Pvt Ltd Series C (a)(b)(f)
|
774
|
358,292
|
|
Pine Labs Pvt Ltd Series C1 (a)(b)(f)
|
163
|
75,454
|
|
Pine Labs Pvt Ltd Series D (a)(b)(f)
|
174
|
80,546
|
|
TOTAL INDIA
|
2,039,581
|
||
UNITED STATES - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Stripe Inc Series H (a)(b)(f)
|
29,122
|
1,033,831
|
|
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $6,106,539)
|
7,102,908
|
||
Money Market Funds - 3.7%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (h)
|
4.33
|
89,212,592
|
89,230,435
|
|
Fidelity Securities Lending Cash Central Fund (h)(i)
|
4.33
|
19,675,268
|
19,677,235
|
|
TOTAL MONEY MARKET FUNDS
(Cost $108,907,153)
|
108,907,670
|
|||
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $2,374,603,042)
|
2,907,206,502
|
NET OTHER ASSETS (LIABILITIES) - 0.0%
|
(632,459)
|
NET ASSETS - 100.0%
|
2,906,574,043
|
(a)
|
Non-income producing
|
(b)
|
Level 3 security
|
(c)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $60,839,546 or 2.1% of net assets.
|
(d)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(e)
|
Security or a portion of the security is on loan at period end.
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $11,240,009 or 0.4% of net assets.
|
(g)
|
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 $54,843,966 or 1.9% of net assets.
|
(h)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(i)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
ByteDance Ltd Series E1
|
11/18/20
|
1,580,608
|
dMed Biopharmaceutical Co Ltd Series C
|
12/01/20
|
1,712,900
|
Kry International Ab
|
5/14/21 - 10/30/24
|
1,503,523
|
Pine Labs Pvt Ltd
|
6/30/21
|
295,547
|
Pine Labs Pvt Ltd Series 1
|
6/30/21
|
705,693
|
Pine Labs Pvt Ltd Series A
|
6/30/21
|
176,604
|
Pine Labs Pvt Ltd Series B
|
6/30/21
|
191,892
|
Pine Labs Pvt Ltd Series B2
|
6/30/21
|
155,351
|
Pine Labs Pvt Ltd Series C
|
6/30/21
|
288,835
|
Pine Labs Pvt Ltd Series C1
|
6/30/21
|
61,018
|
Pine Labs Pvt Ltd Series D
|
6/30/21
|
65,119
|
Revolut Group Holdings Ltd
|
12/27/24
|
3,423,355
|
Stripe Inc Class B
|
5/18/21
|
401,284
|
Stripe Inc Series H
|
3/15/21 - 5/25/23
|
1,168,520
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
11,621,157
|
897,413,566
|
819,804,287
|
1,035,980
|
-
|
(1)
|
89,230,435
|
89,212,592
|
0.1%
|
Fidelity Securities Lending Cash Central Fund
|
5,136,327
|
96,450,941
|
81,910,033
|
45,051
|
-
|
-
|
19,677,235
|
19,675,268
|
0.1%
|
Total
|
16,757,484
|
993,864,507
|
901,714,320
|
1,081,031
|
-
|
(1)
|
108,907,670
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
366,795,294
|
317,679,358
|
49,115,936
|
-
|
Consumer Discretionary
|
473,419,765
|
442,174,559
|
31,245,206
|
-
|
Consumer Staples
|
161,404,885
|
124,830,010
|
36,574,875
|
-
|
Energy
|
94,945,318
|
94,945,318
|
-
|
-
|
Financials
|
444,305,482
|
317,018,540
|
123,766,246
|
3,520,696
|
Health Care
|
250,030,742
|
240,850,650
|
9,180,092
|
-
|
Industrials
|
210,920,707
|
136,285,776
|
74,634,931
|
-
|
Information Technology
|
560,047,165
|
511,230,092
|
47,647,047
|
1,170,026
|
Materials
|
59,856,784
|
47,419,670
|
12,437,114
|
-
|
Real Estate
|
112,418,462
|
105,282,397
|
7,136,065
|
-
|
Utilities
|
57,051,320
|
57,051,320
|
-
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
3,062,284
|
-
|
-
|
3,062,284
|
Health Care
|
967,212
|
-
|
-
|
967,212
|
Information Technology
|
3,073,412
|
-
|
-
|
3,073,412
|
Money Market Funds
|
108,907,670
|
108,907,670
|
-
|
-
|
Total Investments in Securities:
|
2,907,206,502
|
2,503,675,360
|
391,737,512
|
11,793,630
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $17,888,865) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $2,265,695,889)
|
$
|
2,798,298,832
|
||
Fidelity Central Funds (cost $108,907,153)
|
108,907,670
|
|||
Total Investment in Securities (cost $2,374,603,042)
|
$
|
2,907,206,502
|
||
Foreign currency held at value (cost $61,648)
|
61,651
|
|||
Receivable for investments sold
|
28,777,091
|
|||
Receivable for fund shares sold
|
1,018,494
|
|||
Dividends receivable
|
5,397,238
|
|||
Reclaims receivable
|
3,885,189
|
|||
Distributions receivable from Fidelity Central Funds
|
334,310
|
|||
Prepaid expenses
|
1,021
|
|||
Other receivables
|
33,755
|
|||
Total assets
|
2,946,715,251
|
|||
Liabilities
|
||||
Payable to custodian bank
|
$
|
4
|
||
Payable for investments purchased
|
||||
Regular delivery
|
15,436,437
|
|||
Delayed delivery
|
402,959
|
|||
Payable for fund shares redeemed
|
2,937,179
|
|||
Accrued management fee
|
1,605,163
|
|||
Distribution and service plan fees payable
|
38,463
|
|||
Other payables and accrued expenses
|
43,767
|
|||
Collateral on securities loaned
|
19,677,236
|
|||
Total liabilities
|
40,141,208
|
|||
Net Assets
|
$
|
2,906,574,043
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
2,207,838,301
|
||
Total accumulated earnings (loss)
|
698,735,742
|
|||
Net Assets
|
$
|
2,906,574,043
|
||
Net Asset Value and Maximum Offering Price
|
||||
Class A :
|
||||
Net Asset Value and redemption price per share ($110,530,341 ÷ 3,531,681 shares)(a)
|
$
|
31.30
|
||
Maximum offering price per share (100/94.25 of $31.30)
|
$
|
33.21
|
||
Class M :
|
||||
Net Asset Value and redemption price per share ($21,196,683 ÷ 685,366 shares)(a)
|
$
|
30.93
|
||
Maximum offering price per share (100/96.50 of $30.93)
|
$
|
32.05
|
||
Class C :
|
||||
Net Asset Value and offering price per share ($9,746,532 ÷ 334,017 shares)(a)
|
$
|
29.18
|
||
Worldwide :
|
||||
Net Asset Value, offering price and redemption price per share ($2,535,926,083 ÷ 79,278,609 shares)
|
$
|
31.99
|
||
Class I :
|
||||
Net Asset Value, offering price and redemption price per share ($134,006,195 ÷ 4,229,353 shares)
|
$
|
31.68
|
||
Class Z :
|
||||
Net Asset Value, offering price and redemption price per share ($95,168,209 ÷ 2,960,647 shares)
|
$
|
32.14
|
||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
23,052,690
|
||
Income from Fidelity Central Funds (including $45,051 from security lending)
|
1,081,031
|
|||
Income before foreign taxes withheld
|
$
|
24,133,721
|
||
Less foreign taxes withheld
|
(234,897)
|
|||
Total income
|
23,898,824
|
|||
Expenses
|
||||
Management fee
|
||||
Basic fee
|
$
|
12,290,627
|
||
Performance adjustment
|
(720,686)
|
|||
Distribution and service plan fees
|
256,028
|
|||
Custodian fees and expenses
|
38,669
|
|||
Independent trustees' fees and expenses
|
7,161
|
|||
Registration fees
|
129,152
|
|||
Audit fees
|
37,839
|
|||
Legal
|
9,446
|
|||
Miscellaneous
|
5,685
|
|||
Total expenses
|
12,053,921
|
|||
Net Investment income (loss)
|
11,844,903
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
174,513,187
|
|||
Foreign currency transactions
|
259,564
|
|||
Total net realized gain (loss)
|
174,772,751
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers
|
(394,435,747)
|
|||
Fidelity Central Funds
|
(1)
|
|||
Assets and liabilities in foreign currencies
|
345,254
|
|||
Total change in net unrealized appreciation (depreciation)
|
(394,090,494)
|
|||
Net gain (loss)
|
(219,317,743)
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
(207,472,840)
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
11,844,903
|
$
|
16,523,067
|
Net realized gain (loss)
|
174,772,751
|
447,005,881
|
||
Change in net unrealized appreciation (depreciation)
|
(394,090,494)
|
562,833,369
|
||
Net increase (decrease) in net assets resulting from operations
|
(207,472,840)
|
1,026,362,317
|
||
Distributions to shareholders
|
(409,304,611)
|
(24,710,933)
|
||
Share transactions - net increase (decrease)
|
379,681,431
|
(96,724,546)
|
||
Total increase (decrease) in net assets
|
(237,096,020)
|
904,926,838
|
||
Net Assets
|
||||
Beginning of period
|
3,143,670,063
|
2,238,743,225
|
||
End of period
|
$
|
2,906,574,043
|
$
|
3,143,670,063
|
Fidelity Advisor® Worldwide Fund Class A |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
38.23
|
$
|
26.90
|
$
|
25.75
|
$
|
40.06
|
$
|
31.49
|
$
|
27.36
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.08
|
.09
|
.11
|
.09
|
(.13)
|
(.05)
|
||||||
Net realized and unrealized gain (loss)
|
(2.00)
|
11.44
|
2.52
|
(9.90)
|
11.40
|
5.50
|
||||||
Total from investment operations
|
(1.92)
|
11.53
|
2.63
|
(9.81)
|
11.27
|
5.45
|
||||||
Distributions from net investment income
|
(.21)
|
(.20)
|
(.11)
|
(.07)
|
-
|
(.12)
|
||||||
Distributions from net realized gain
|
(4.80)
|
-
|
(1.37)
|
(4.43)
|
(2.70)
|
(1.20)
|
||||||
Total distributions
|
(5.01)
|
(.20)
|
(1.48)
|
(4.50)
|
(2.70)
|
(1.32)
|
||||||
Net asset value, end of period
|
$
|
31.30
|
$
|
38.23
|
$
|
26.90
|
$
|
25.75
|
$
|
40.06
|
$
|
31.49
|
Total Return C,D,E
|
(6.56) % |
43.09%
|
10.62%
|
(27.31)%
|
37.72%
|
20.72%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
1.03% H
|
.99%
|
.96%
|
1.21%
|
1.29%
|
1.34%
|
||||||
Expenses net of fee waivers, if any
|
1.03 % H |
.99%
|
.95%
|
1.21%
|
1.28%
|
1.34%
|
||||||
Expenses net of all reductions, if any
|
1.03% H
|
.99%
|
.95%
|
1.21%
|
1.28%
|
1.33%
|
||||||
Net investment income (loss)
|
.47% H
|
.25%
|
.41%
|
.28%
|
(.34)%
|
(.18)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
110,530
|
$
|
112,959
|
$
|
73,935
|
$
|
68,608
|
$
|
99,731
|
$
|
63,690
|
Portfolio turnover rate I
|
163 % H |
108%
|
114%
|
137%
|
96%
|
112%
|
Fidelity Advisor® Worldwide Fund Class M |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
37.79
|
$
|
26.60
|
$
|
25.44
|
$
|
39.62
|
$
|
31.19
|
$
|
27.10
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.04
|
- C
|
.04
|
.01
|
(.22)
|
(.13)
|
||||||
Net realized and unrealized gain (loss)
|
(1.98)
|
11.32
|
2.51
|
(9.81)
|
11.29
|
5.46
|
||||||
Total from investment operations
|
(1.94)
|
11.32
|
2.55
|
(9.80)
|
11.07
|
5.33
|
||||||
Distributions from net investment income
|
(.13)
|
(.13)
|
(.02)
|
-
|
-
|
(.04)
|
||||||
Distributions from net realized gain
|
(4.80)
|
-
|
(1.37)
|
(4.38)
|
(2.64)
|
(1.20)
|
||||||
Total distributions
|
(4.92) D
|
(.13)
|
(1.39)
|
(4.38)
|
(2.64)
|
(1.24)
|
||||||
Net asset value, end of period
|
$
|
30.93
|
$
|
37.79
|
$
|
26.60
|
$
|
25.44
|
$
|
39.62
|
$
|
31.19
|
Total Return E,F,G
|
(6.67) % |
42.69%
|
10.39%
|
(27.53)%
|
37.37%
|
20.40%
|
||||||
Ratios to Average Net Assets B,H,I
|
||||||||||||
Expenses before reductions
|
1.28% J
|
1.24%
|
1.21%
|
1.47%
|
1.55%
|
1.61%
|
||||||
Expenses net of fee waivers, if any
|
1.28 % J |
1.24%
|
1.21%
|
1.47%
|
1.55%
|
1.61%
|
||||||
Expenses net of all reductions, if any
|
1.28% J
|
1.24%
|
1.20%
|
1.47%
|
1.55%
|
1.61%
|
||||||
Net investment income (loss)
|
.22% J
|
-%
|
.15%
|
.02%
|
(.61)%
|
(.45)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
21,197
|
$
|
23,275
|
$
|
16,051
|
$
|
15,275
|
$
|
22,771
|
$
|
17,387
|
Portfolio turnover rate K
|
163 % J |
108%
|
114%
|
137%
|
96%
|
112%
|
Fidelity Advisor® Worldwide Fund Class C |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
35.85
|
$
|
25.25
|
$
|
24.33
|
$
|
38.05
|
$
|
30.14
|
$
|
26.33
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
(.05)
|
(.17)
|
(.10)
|
(.15)
|
(.39)
|
(.27)
|
||||||
Net realized and unrealized gain (loss)
|
(1.86)
|
10.77
|
2.39
|
(9.39)
|
10.88
|
5.28
|
||||||
Total from investment operations
|
(1.91)
|
10.60
|
2.29
|
(9.54)
|
10.49
|
5.01
|
||||||
Distributions from net realized gain
|
(4.76)
|
-
|
(1.37)
|
(4.18)
|
(2.58)
|
(1.20)
|
||||||
Total distributions
|
(4.76)
|
-
|
(1.37)
|
(4.18)
|
(2.58)
|
(1.20)
|
||||||
Net asset value, end of period
|
$
|
29.18
|
$
|
35.85
|
$
|
25.25
|
$
|
24.33
|
$
|
38.05
|
$
|
30.14
|
Total Return C,D,E
|
(6.91) % |
41.98%
|
9.76%
|
(27.89)%
|
36.63%
|
19.76%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
1.78% H
|
1.74%
|
1.76%
|
2.00%
|
2.08%
|
2.14%
|
||||||
Expenses net of fee waivers, if any
|
1.78 % H |
1.74%
|
1.75%
|
2.00%
|
2.08%
|
2.14%
|
||||||
Expenses net of all reductions, if any
|
1.78% H
|
1.74%
|
1.75%
|
2.00%
|
2.08%
|
2.13%
|
||||||
Net investment income (loss)
|
(.28)% H
|
(.51)%
|
(.39)%
|
(.51)%
|
(1.14)%
|
(.98)%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
9,747
|
$
|
10,681
|
$
|
7,292
|
$
|
8,517
|
$
|
13,602
|
$
|
11,677
|
Portfolio turnover rate I
|
163 % H |
108%
|
114%
|
137%
|
96%
|
112%
|
Fidelity® Worldwide Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
39.00
|
$
|
27.44
|
$
|
26.26
|
$
|
40.76
|
$
|
31.97
|
$
|
27.74
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.14
|
.19
|
.19
|
.18
|
(.02)
|
.03
|
||||||
Net realized and unrealized gain (loss)
|
(2.05)
|
11.66
|
2.57
|
(10.09)
|
11.58
|
5.58
|
||||||
Total from investment operations
|
(1.91)
|
11.85
|
2.76
|
(9.91)
|
11.56
|
5.61
|
||||||
Distributions from net investment income
|
(.30)
|
(.29)
|
(.21)
|
(.16)
|
(.02)
|
(.18)
|
||||||
Distributions from net realized gain
|
(4.80)
|
-
|
(1.37)
|
(4.43)
|
(2.75)
|
(1.20)
|
||||||
Total distributions
|
(5.10)
|
(.29)
|
(1.58)
|
(4.59)
|
(2.77)
|
(1.38)
|
||||||
Net asset value, end of period
|
$
|
31.99
|
$
|
39.00
|
$
|
27.44
|
$
|
26.26
|
$
|
40.76
|
$
|
31.97
|
Total Return C,D
|
(6.43) % |
43.51%
|
10.95%
|
(27.12)%
|
38.11%
|
21.07%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.74% G
|
.70%
|
.67%
|
.92%
|
1.00%
|
1.05%
|
||||||
Expenses net of fee waivers, if any
|
.74 % G |
.70%
|
.66%
|
.92%
|
1.00%
|
1.05%
|
||||||
Expenses net of all reductions, if any
|
.74% G
|
.70%
|
.66%
|
.92%
|
1.00%
|
1.05%
|
||||||
Net investment income (loss)
|
.76% G
|
.54%
|
.70%
|
.57%
|
(.06)%
|
.11%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
2,535,926
|
$
|
2,836,498
|
$
|
1,982,943
|
$
|
1,899,788
|
$
|
2,896,684
|
$
|
2,217,129
|
Portfolio turnover rate H
|
163 % G |
108%
|
114%
|
137%
|
96%
|
112%
|
Fidelity Advisor® Worldwide Fund Class I |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
38.69
|
$
|
27.23
|
$
|
26.04
|
$
|
40.46
|
$
|
31.77
|
$
|
27.58
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.12
|
.18
|
.19
|
.17
|
(.03)
|
.03
|
||||||
Net realized and unrealized gain (loss)
|
(2.03)
|
11.57
|
2.56
|
(10.01)
|
11.49
|
5.55
|
||||||
Total from investment operations
|
(1.91)
|
11.75
|
2.75
|
(9.84)
|
11.46
|
5.58
|
||||||
Distributions from net investment income
|
(.31)
|
(.29)
|
(.19)
|
(.16)
|
(.02)
|
(.19)
|
||||||
Distributions from net realized gain
|
(4.80)
|
-
|
(1.37)
|
(4.43)
|
(2.75)
|
(1.20)
|
||||||
Total distributions
|
(5.10) C
|
(.29)
|
(1.56)
|
(4.58) C
|
(2.77)
|
(1.39)
|
||||||
Net asset value, end of period
|
$
|
31.68
|
$
|
38.69
|
$
|
27.23
|
$
|
26.04
|
$
|
40.46
|
$
|
31.77
|
Total Return D,E
|
(6.47) % |
43.45%
|
10.97%
|
(27.13)%
|
38.06%
|
21.08%
|
||||||
Ratios to Average Net Assets B,F,G
|
||||||||||||
Expenses before reductions
|
.78% H
|
.73%
|
.67%
|
.94%
|
1.02%
|
1.06%
|
||||||
Expenses net of fee waivers, if any
|
.78 % H |
.72%
|
.67%
|
.93%
|
1.02%
|
1.06%
|
||||||
Expenses net of all reductions, if any
|
.78% H
|
.72%
|
.67%
|
.93%
|
1.02%
|
1.05%
|
||||||
Net investment income (loss)
|
.72% H
|
.51%
|
.69%
|
.56%
|
(.08)%
|
.10%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
134,006
|
$
|
65,286
|
$
|
41,289
|
$
|
33,226
|
$
|
86,852
|
$
|
64,615
|
Portfolio turnover rate I
|
163 % H |
108%
|
114%
|
137%
|
96%
|
112%
|
Fidelity Advisor® Worldwide Fund Class Z |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
38.63
|
$
|
27.20
|
$
|
26.05
|
$
|
40.48
|
$
|
31.76
|
$
|
27.59
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.15
|
.22
|
.22
|
.21
|
.02
|
.07
|
||||||
Net realized and unrealized gain (loss)
|
(2.09)
|
11.55
|
2.55
|
(10.01)
|
11.50
|
5.53
|
||||||
Total from investment operations
|
(1.94)
|
11.77
|
2.77
|
(9.80)
|
11.52
|
5.60
|
||||||
Distributions from net investment income
|
-
|
(.34)
|
(.25)
|
(.20)
|
(.05)
|
(.23)
|
||||||
Distributions from net realized gain
|
(4.55)
|
-
|
(1.37)
|
(4.43)
|
(2.75)
|
(1.20)
|
||||||
Total distributions
|
(4.55)
|
(.34)
|
(1.62)
|
(4.63)
|
(2.80)
|
(1.43)
|
||||||
Net asset value, end of period
|
$
|
32.14
|
$
|
38.63
|
$
|
27.20
|
$
|
26.05
|
$
|
40.48
|
$
|
31.76
|
Total Return C,D
|
(6.40) % |
43.63%
|
11.10%
|
(27.05)%
|
38.27%
|
21.19%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.65% G
|
.62%
|
.55%
|
.81%
|
.90%
|
.93%
|
||||||
Expenses net of fee waivers, if any
|
.65 % G |
.61%
|
.55%
|
.81%
|
.90%
|
.93%
|
||||||
Expenses net of all reductions, if any
|
.65% G
|
.61%
|
.55%
|
.81%
|
.90%
|
.93%
|
||||||
Net investment income (loss)
|
.85% G
|
.62%
|
.81%
|
.68%
|
.04%
|
.23%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
95,168
|
$
|
94,971
|
$
|
117,232
|
$
|
76,829
|
$
|
115,963
|
$
|
71,278
|
Portfolio turnover rate H
|
163 % G |
108%
|
114%
|
137%
|
96%
|
112%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$647,380,750
|
Gross unrealized depreciation
|
(136,352,389)
|
Net unrealized appreciation (depreciation)
|
$511,028,361
|
Tax cost
|
$2,396,178,141
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Worldwide Fund
|
2,531,735,066
|
2,635,340,718
|
Maximum Management Fee Rate %
|
|
Class A
|
.83
|
Class M
|
.84
|
Class C
|
.84
|
Worldwide
|
.79
|
Class I
|
.81
|
Class Z
|
.69
|
Total Management Fee Rate %
|
|
Class A
|
.81
|
Class M
|
.81
|
Class C
|
.81
|
Worldwide
|
.77
|
Class I
|
.81
|
Class Z
|
.68
|
Performance Adjustment Index
|
|
Fidelity Worldwide Fund
|
MSCI World Index
|
Distribution Fee
|
Service Fee
|
Total Fees ($)
|
Retained by FDC ($)
|
|
Class A
|
- %
|
.25%
|
145,782
|
5,708
|
Class M
|
.25%
|
.25%
|
57,554
|
474
|
Class C
|
.75%
|
.25%
|
52,692
|
9,567
|
256,028
|
15,749
|
Retained by FDC ($)
|
|
Class A
|
35,000
|
Class M
|
989
|
Class CA
|
28
|
36,017
|
Amount ($)
|
|
Fidelity Worldwide Fund
|
41,619
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Worldwide Fund
|
166,501,836
|
177,048,216
|
17,348,296
|
Amount ($)
|
|
Fidelity Worldwide Fund
|
2,496
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Worldwide Fund
|
4,818
|
-
|
-
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Worldwide Fund
|
||
Distributions to shareholders
|
||
Class A
|
$15,054,941
|
$552,793
|
Class M
|
3,020,788
|
75,550
|
Class C
|
1,421,317
|
-
|
Worldwide
|
370,044,974
|
21,114,973
|
Class I
|
8,710,115
|
439,298
|
Class Z
|
11,052,476
|
2,528,319
|
Total
|
$409,304,611
|
$24,710,933
|
Shares
|
Shares
|
Dollars
|
Dollars
|
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
Six months ended
April 30, 2025
|
Year ended
October 31, 2024
|
|
Fidelity Worldwide Fund
|
||||
Class A
|
||||
Shares sold
|
403,272
|
581,446
|
$13,845,271
|
$20,483,863
|
Reinvestment of distributions
|
421,629
|
18,512
|
14,950,974
|
547,575
|
Shares redeemed
|
(247,972)
|
(393,376)
|
(8,430,908)
|
(13,545,664)
|
Net increase (decrease)
|
576,929
|
206,582
|
$20,365,337
|
$7,485,774
|
Class M
|
||||
Shares sold
|
46,288
|
123,303
|
$1,548,297
|
$4,403,391
|
Reinvestment of distributions
|
85,814
|
2,570
|
3,009,513
|
75,321
|
Shares redeemed
|
(62,571)
|
(113,480)
|
(2,124,655)
|
(3,886,219)
|
Net increase (decrease)
|
69,531
|
12,393
|
$2,433,155
|
$592,493
|
Class C
|
||||
Shares sold
|
33,470
|
74,442
|
$1,063,832
|
$2,408,430
|
Reinvestment of distributions
|
42,052
|
-
|
1,394,017
|
-
|
Shares redeemed
|
(39,433)
|
(65,335)
|
(1,258,359)
|
(2,097,615)
|
Net increase (decrease)
|
36,089
|
9,107
|
$1,199,490
|
$310,815
|
Worldwide
|
||||
Shares sold
|
7,329,616
|
13,320,525
|
$264,673,398
|
$469,690,538
|
Reinvestment of distributions
|
9,586,818
|
660,086
|
347,042,795
|
19,906,749
|
Shares redeemed
|
(10,372,731)
|
(13,501,211)
|
(362,809,155)
|
(478,120,242)
|
Net increase (decrease)
|
6,543,703
|
479,400
|
$248,907,038
|
$11,477,045
|
Class I
|
||||
Shares sold
|
2,698,767
|
625,867
|
$93,729,495
|
$22,688,518
|
Reinvestment of distributions
|
240,155
|
14,127
|
8,611,970
|
422,756
|
Shares redeemed
|
(397,044)
|
(468,852)
|
(13,417,607)
|
(16,856,657)
|
Net increase (decrease)
|
2,541,878
|
171,142
|
$88,923,858
|
$6,254,617
|
Class Z
|
||||
Shares sold
|
739,291
|
9,206,355
|
$26,248,686
|
$308,697,406
|
Reinvestment of distributions
|
287,410
|
83,334
|
10,453,118
|
2,489,237
|
Shares redeemed
|
(524,333)
|
(11,140,674)
|
(18,849,251)
|
(434,031,933)
|
Net increase (decrease)
|
502,368
|
(1,850,985)
|
$17,852,553
|
$(122,845,290)
|
![]() |
Contents
Common Stocks - 94.4%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 0.6%
|
|||
Consumer Discretionary - 0.6%
|
|||
Hotels, Restaurants & Leisure - 0.6%
|
|||
Aristocrat Leisure Ltd
|
583,611
|
24,925,470
|
|
BELGIUM - 1.1%
|
|||
Financials - 0.6%
|
|||
Banks - 0.6%
|
|||
KBC Group NV
|
278,512
|
25,575,429
|
|
Health Care - 0.5%
|
|||
Pharmaceuticals - 0.5%
|
|||
UCB SA
|
131,404
|
23,988,953
|
|
TOTAL BELGIUM
|
49,564,382
|
||
BRAZIL - 0.7%
|
|||
Consumer Discretionary - 0.5%
|
|||
Broadline Retail - 0.5%
|
|||
MercadoLibre Inc (a)
|
10,252
|
23,895,874
|
|
Materials - 0.2%
|
|||
Metals & Mining - 0.2%
|
|||
Vale SA
|
1,062,600
|
9,897,366
|
|
TOTAL BRAZIL
|
33,793,240
|
||
CANADA - 4.7%
|
|||
Consumer Staples - 0.5%
|
|||
Consumer Staples Distribution & Retail - 0.5%
|
|||
Alimentation Couche-Tard Inc
|
474,812
|
24,784,181
|
|
Energy - 1.7%
|
|||
Oil, Gas & Consumable Fuels - 1.7%
|
|||
Cameco Corp
|
149,729
|
6,758,767
|
|
Canadian Natural Resources Ltd
|
1,170,989
|
33,602,441
|
|
Imperial Oil Ltd
|
437,681
|
29,522,672
|
|
MEG Energy Corp
|
384,614
|
5,395,644
|
|
75,279,524
|
|||
Industrials - 0.5%
|
|||
Professional Services - 0.5%
|
|||
Thomson Reuters Corp
|
119,184
|
22,177,767
|
|
Information Technology - 1.1%
|
|||
Software - 1.1%
|
|||
Constellation Software Inc/Canada
|
14,319
|
51,604,384
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(b)
|
23,796
|
2
|
|
51,604,386
|
|||
Materials - 0.9%
|
|||
Metals & Mining - 0.9%
|
|||
Franco-Nevada Corp
|
228,274
|
39,228,488
|
|
TOTAL CANADA
|
213,074,346
|
||
CHILE - 0.3%
|
|||
Materials - 0.3%
|
|||
Metals & Mining - 0.3%
|
|||
Antofagasta PLC
|
648,211
|
14,107,010
|
|
CHINA - 0.6%
|
|||
Consumer Discretionary - 0.6%
|
|||
Broadline Retail - 0.6%
|
|||
Prosus NV Class N
|
610,670
|
28,631,023
|
|
CONGO DEMOCRATIC REPUBLIC OF - 0.2%
|
|||
Materials - 0.2%
|
|||
Metals & Mining - 0.2%
|
|||
Ivanhoe Mine Ltd Class A (a)
|
855,891
|
7,599,090
|
|
DENMARK - 2.7%
|
|||
Health Care - 1.3%
|
|||
Pharmaceuticals - 1.3%
|
|||
Novo Nordisk A/S Series B
|
882,972
|
59,036,889
|
|
Industrials - 1.4%
|
|||
Air Freight & Logistics - 1.4%
|
|||
DSV A/S
|
290,816
|
61,641,329
|
|
TOTAL DENMARK
|
120,678,218
|
||
FRANCE - 9.1%
|
|||
Consumer Discretionary - 1.6%
|
|||
Hotels, Restaurants & Leisure - 0.2%
|
|||
Accor SA
|
202,058
|
9,877,096
|
|
Textiles, Apparel & Luxury Goods - 1.4%
|
|||
LVMH Moet Hennessy Louis Vuitton SE
|
111,847
|
61,955,323
|
|
TOTAL CONSUMER DISCRETIONARY
|
71,832,419
|
||
Consumer Staples - 0.2%
|
|||
Food Products - 0.2%
|
|||
Danone SA
|
132,252
|
11,379,810
|
|
Financials - 1.1%
|
|||
Capital Markets - 0.2%
|
|||
Amundi SA (c)(d)
|
135,230
|
10,624,094
|
|
Insurance - 0.9%
|
|||
AXA SA
|
853,273
|
40,356,316
|
|
TOTAL FINANCIALS
|
50,980,410
|
||
Health Care - 1.2%
|
|||
Health Care Equipment & Supplies - 1.2%
|
|||
EssilorLuxottica SA
|
182,232
|
52,167,772
|
|
Industrials - 3.1%
|
|||
Aerospace & Defense - 2.4%
|
|||
Safran SA
|
177,471
|
47,228,508
|
|
Thales SA
|
221,851
|
62,145,428
|
|
109,373,936
|
|||
Electrical Equipment - 0.7%
|
|||
Legrand SA
|
274,990
|
30,221,354
|
|
TOTAL INDUSTRIALS
|
139,595,290
|
||
Information Technology - 0.7%
|
|||
IT Services - 0.4%
|
|||
Alten SA
|
28,354
|
2,375,335
|
|
Capgemini SE
|
89,573
|
14,300,539
|
|
16,675,874
|
|||
Software - 0.3%
|
|||
Dassault Systemes SE
|
401,196
|
15,035,272
|
|
TOTAL INFORMATION TECHNOLOGY
|
31,711,146
|
||
Materials - 1.2%
|
|||
Chemicals - 1.2%
|
|||
Air Liquide SA
|
267,416
|
54,948,161
|
|
TOTAL FRANCE
|
412,615,008
|
||
GERMANY - 11.6%
|
|||
Communication Services - 0.1%
|
|||
Diversified Telecommunication Services - 0.1%
|
|||
Deutsche Telekom AG
|
188,500
|
6,770,454
|
|
Financials - 5.4%
|
|||
Capital Markets - 1.3%
|
|||
Deutsche Boerse AG
|
187,124
|
60,271,499
|
|
Insurance - 4.1%
|
|||
Allianz SE
|
218,537
|
90,381,808
|
|
Hannover Rueck SE
|
117,789
|
37,682,685
|
|
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (a)
|
78,190
|
53,529,607
|
|
181,594,100
|
|||
TOTAL FINANCIALS
|
241,865,599
|
||
Health Care - 1.2%
|
|||
Health Care Providers & Services - 1.1%
|
|||
Fresenius SE & Co KGaA (a)
|
1,022,668
|
48,426,531
|
|
Pharmaceuticals - 0.1%
|
|||
Merck KGaA
|
47,233
|
6,522,613
|
|
TOTAL HEALTH CARE
|
54,949,144
|
||
Industrials - 1.4%
|
|||
Aerospace & Defense - 0.1%
|
|||
Rheinmetall AG
|
2,944
|
5,013,787
|
|
Electrical Equipment - 0.6%
|
|||
Siemens Energy AG (a)
|
333,408
|
25,733,657
|
|
Industrial Conglomerates - 0.7%
|
|||
Siemens AG
|
146,936
|
33,833,677
|
|
TOTAL INDUSTRIALS
|
64,581,121
|
||
Information Technology - 2.7%
|
|||
Software - 2.7%
|
|||
SAP SE
|
409,808
|
119,905,165
|
|
Materials - 0.8%
|
|||
Construction Materials - 0.8%
|
|||
Heidelberg Materials AG
|
188,212
|
37,152,882
|
|
TOTAL GERMANY
|
525,224,365
|
||
HONG KONG - 0.1%
|
|||
Financials - 0.1%
|
|||
Insurance - 0.1%
|
|||
AIA Group Ltd
|
589,048
|
4,413,687
|
|
INDIA - 1.5%
|
|||
Financials - 1.3%
|
|||
Banks - 1.1%
|
|||
HDFC Bank Ltd
|
2,209,051
|
50,108,226
|
|
Capital Markets - 0.2%
|
|||
Fairfax India Holdings Corp Subordinate Voting Shares (a)(c)(d)
|
453,450
|
7,731,323
|
|
TOTAL FINANCIALS
|
57,839,549
|
||
Industrials - 0.2%
|
|||
Aerospace & Defense - 0.2%
|
|||
Hindustan Aeronautics Ltd (d)
|
214,600
|
11,364,488
|
|
TOTAL INDIA
|
69,204,037
|
||
INDONESIA - 0.4%
|
|||
Financials - 0.4%
|
|||
Banks - 0.4%
|
|||
Bank Central Asia Tbk PT
|
36,346,527
|
19,325,107
|
|
IRELAND - 0.5%
|
|||
Industrials - 0.5%
|
|||
Building Products - 0.5%
|
|||
Kingspan Group PLC
|
244,981
|
20,620,236
|
|
ITALY - 2.9%
|
|||
Financials - 2.4%
|
|||
Banks - 2.4%
|
|||
FinecoBank Banca Fineco SpA
|
1,374,968
|
27,359,815
|
|
UniCredit SpA
|
1,429,352
|
83,160,924
|
|
110,520,739
|
|||
Health Care - 0.1%
|
|||
Pharmaceuticals - 0.1%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
96,333
|
5,658,434
|
|
Industrials - 0.4%
|
|||
Machinery - 0.1%
|
|||
Interpump Group SpA
|
192,402
|
6,556,315
|
|
Passenger Airlines - 0.3%
|
|||
Ryanair Holdings PLC ADR
|
196,086
|
9,384,676
|
|
TOTAL INDUSTRIALS
|
15,940,991
|
||
TOTAL ITALY
|
132,120,164
|
||
JAPAN - 17.3%
|
|||
Communication Services - 1.5%
|
|||
Entertainment - 1.5%
|
|||
Capcom Co Ltd
|
628,186
|
18,184,794
|
|
Nintendo Co Ltd
|
617,716
|
51,282,787
|
|
69,467,581
|
|||
Consumer Discretionary - 0.9%
|
|||
Automobiles - 0.1%
|
|||
Toyota Motor Corp
|
234,700
|
4,482,634
|
|
Household Durables - 0.1%
|
|||
Panasonic Holdings Corp
|
409,100
|
4,690,728
|
|
Specialty Retail - 0.7%
|
|||
Fast Retailing Co Ltd
|
102,308
|
33,653,692
|
|
TOTAL CONSUMER DISCRETIONARY
|
42,827,054
|
||
Financials - 3.0%
|
|||
Banks - 1.1%
|
|||
Sumitomo Mitsui Financial Group Inc
|
2,071,900
|
49,429,761
|
|
Financial Services - 0.5%
|
|||
ORIX Corp
|
1,234,161
|
24,757,308
|
|
Insurance - 1.4%
|
|||
Tokio Marine Holdings Inc
|
1,546,374
|
61,982,344
|
|
TOTAL FINANCIALS
|
136,169,413
|
||
Health Care - 1.1%
|
|||
Health Care Equipment & Supplies - 1.1%
|
|||
Hoya Corp
|
408,449
|
48,060,637
|
|
Industrials - 7.4%
|
|||
Electrical Equipment - 0.5%
|
|||
Fuji Electric Co Ltd
|
480,919
|
21,384,908
|
|
Industrial Conglomerates - 2.5%
|
|||
Hitachi Ltd
|
4,596,810
|
113,612,526
|
|
Machinery - 2.2%
|
|||
Ebara Corp
|
560,080
|
8,413,407
|
|
IHI Corp
|
84,576
|
6,625,022
|
|
Kawasaki Heavy Industries Ltd
|
245,097
|
14,620,452
|
|
Mitsubishi Heavy Industries Ltd
|
3,473,310
|
68,468,828
|
|
98,127,709
|
|||
Professional Services - 0.4%
|
|||
BayCurrent Inc
|
324,442
|
17,482,105
|
|
Trading Companies & Distributors - 1.8%
|
|||
ITOCHU Corp
|
892,628
|
45,651,622
|
|
Mitsui & Co Ltd
|
1,362,397
|
27,549,196
|
|
MonotaRO Co Ltd
|
508,330
|
9,771,611
|
|
82,972,429
|
|||
TOTAL INDUSTRIALS
|
333,579,677
|
||
Information Technology - 2.4%
|
|||
IT Services - 0.7%
|
|||
Fujitsu Ltd
|
1,333,573
|
29,625,941
|
|
Semiconductors & Semiconductor Equipment - 1.3%
|
|||
Advantest Corp
|
400,892
|
16,771,697
|
|
Renesas Electronics Corp
|
1,229,643
|
14,430,185
|
|
Tokyo Electron Ltd
|
176,552
|
26,288,310
|
|
57,490,192
|
|||
Technology Hardware, Storage & Peripherals - 0.4%
|
|||
FUJIFILM Holdings Corp
|
1,099,725
|
22,524,994
|
|
TOTAL INFORMATION TECHNOLOGY
|
109,641,127
|
||
Materials - 1.0%
|
|||
Chemicals - 1.0%
|
|||
Shin-Etsu Chemical Co Ltd
|
1,437,971
|
43,759,605
|
|
TOTAL JAPAN
|
783,505,094
|
||
LUXEMBOURG - 0.5%
|
|||
Financials - 0.5%
|
|||
Capital Markets - 0.5%
|
|||
CVC Capital Partners PLC (a)(c)(d)
|
1,225,962
|
21,693,541
|
|
MEXICO - 0.1%
|
|||
Materials - 0.1%
|
|||
Construction Materials - 0.1%
|
|||
Cemex SAB de CV ADR
|
823,459
|
5,080,742
|
|
NETHERLANDS - 4.2%
|
|||
Health Care - 0.3%
|
|||
Biotechnology - 0.3%
|
|||
Argenx SE (a)
|
18,253
|
11,799,636
|
|
Industrials - 2.0%
|
|||
Professional Services - 1.5%
|
|||
Wolters Kluwer NV
|
398,110
|
70,107,781
|
|
Trading Companies & Distributors - 0.5%
|
|||
IMCD NV
|
155,027
|
20,521,470
|
|
TOTAL INDUSTRIALS
|
90,629,251
|
||
Information Technology - 1.9%
|
|||
Semiconductors & Semiconductor Equipment - 1.9%
|
|||
ASML Holding NV depository receipt
|
96,205
|
64,272,636
|
|
BE Semiconductor Industries NV
|
160,416
|
17,125,978
|
|
NXP Semiconductors NV
|
34,164
|
6,296,767
|
|
87,695,381
|
|||
TOTAL NETHERLANDS
|
190,124,268
|
||
SPAIN - 2.7%
|
|||
Consumer Discretionary - 0.3%
|
|||
Specialty Retail - 0.3%
|
|||
Industria de Diseno Textil SA (e)
|
247,264
|
13,232,539
|
|
Financials - 2.4%
|
|||
Banks - 2.4%
|
|||
Banco Santander SA
|
9,368,084
|
65,607,303
|
|
CaixaBank SA (e)
|
5,509,446
|
42,225,523
|
|
107,832,826
|
|||
TOTAL SPAIN
|
121,065,365
|
||
SWEDEN - 3.0%
|
|||
Financials - 1.2%
|
|||
Financial Services - 1.2%
|
|||
Investor AB B Shares
|
1,832,639
|
54,094,657
|
|
Industrials - 1.8%
|
|||
Machinery - 1.8%
|
|||
Atlas Copco AB A Shares
|
1,921,964
|
29,797,352
|
|
Epiroc AB A Shares
|
330,956
|
7,149,513
|
|
Epiroc AB B Shares
|
159,765
|
3,127,364
|
|
Indutrade AB
|
1,515,723
|
40,898,097
|
|
80,972,326
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Kry International Ab (a)(b)(f)
|
30,819
|
607,840
|
|
TOTAL SWEDEN
|
135,674,823
|
||
SWITZERLAND - 2.4%
|
|||
Consumer Discretionary - 1.0%
|
|||
Textiles, Apparel & Luxury Goods - 1.0%
|
|||
Cie Financiere Richemont SA Series A
|
248,784
|
43,961,431
|
|
Financials - 1.4%
|
|||
Capital Markets - 1.4%
|
|||
Partners Group Holding AG
|
18,453
|
24,045,800
|
|
UBS Group AG
|
1,356,548
|
40,909,287
|
|
64,955,087
|
|||
TOTAL SWITZERLAND
|
108,916,518
|
||
TAIWAN - 1.1%
|
|||
Information Technology - 1.1%
|
|||
Semiconductors & Semiconductor Equipment - 1.1%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd ADR
|
307,459
|
51,250,341
|
|
UNITED KINGDOM - 15.5%
|
|||
Consumer Discretionary - 2.3%
|
|||
Hotels, Restaurants & Leisure - 2.0%
|
|||
Compass Group PLC
|
1,677,006
|
56,539,962
|
|
InterContinental Hotels Group PLC
|
316,306
|
33,752,984
|
|
90,292,946
|
|||
Leisure Products - 0.3%
|
|||
Games Workshop Group PLC
|
60,937
|
12,514,575
|
|
TOTAL CONSUMER DISCRETIONARY
|
102,807,521
|
||
Financials - 5.6%
|
|||
Banks - 2.8%
|
|||
HSBC Holdings PLC
|
1,365,016
|
15,216,345
|
|
Lloyds Banking Group PLC
|
55,819,570
|
54,841,521
|
|
NatWest Group PLC
|
7,665,163
|
49,304,525
|
|
Starling Bank Ltd Class D (a)(b)(f)
|
2,406,800
|
7,762,253
|
|
127,124,644
|
|||
Capital Markets - 2.8%
|
|||
3i Group PLC
|
819,821
|
46,476,505
|
|
London Stock Exchange Group PLC
|
512,245
|
79,762,451
|
|
126,238,956
|
|||
TOTAL FINANCIALS
|
253,363,600
|
||
Health Care - 2.0%
|
|||
Health Care Equipment & Supplies - 0.5%
|
|||
ConvaTec Group PLC (c)(d)
|
6,410,558
|
22,195,625
|
|
Pharmaceuticals - 1.5%
|
|||
Astrazeneca PLC
|
486,764
|
69,737,082
|
|
TOTAL HEALTH CARE
|
91,932,707
|
||
Industrials - 5.6%
|
|||
Aerospace & Defense - 3.1%
|
|||
BAE Systems PLC
|
2,711,870
|
62,868,295
|
|
Rolls-Royce Holdings PLC
|
7,611,269
|
77,044,877
|
|
139,913,172
|
|||
Professional Services - 2.1%
|
|||
Intertek Group PLC
|
185,236
|
11,316,247
|
|
RELX PLC (Netherlands)
|
1,566,941
|
84,814,713
|
|
96,130,960
|
|||
Trading Companies & Distributors - 0.4%
|
|||
Diploma PLC
|
86,696
|
4,577,685
|
|
RS GROUP PLC
|
1,835,217
|
12,608,067
|
|
17,185,752
|
|||
TOTAL INDUSTRIALS
|
253,229,884
|
||
TOTAL UNITED KINGDOM
|
701,333,712
|
||
UNITED STATES - 10.6%
|
|||
Communication Services - 0.7%
|
|||
Entertainment - 0.7%
|
|||
Spotify Technology SA (a)
|
53,889
|
33,086,768
|
|
Energy - 1.3%
|
|||
Oil, Gas & Consumable Fuels - 1.3%
|
|||
Shell PLC
|
1,836,800
|
59,276,738
|
|
Financials - 1.4%
|
|||
Capital Markets - 0.2%
|
|||
S&P Global Inc
|
21,600
|
10,801,080
|
|
Financial Services - 0.3%
|
|||
Mastercard Inc Class A
|
28,430
|
15,581,346
|
|
Insurance - 0.9%
|
|||
Marsh & McLennan Cos Inc
|
164,106
|
37,000,980
|
|
TOTAL FINANCIALS
|
63,383,406
|
||
Health Care - 1.3%
|
|||
Health Care Equipment & Supplies - 1.3%
|
|||
Alcon AG
|
595,838
|
57,508,275
|
|
Industrials - 2.3%
|
|||
Electrical Equipment - 1.1%
|
|||
Schneider Electric SE
|
213,374
|
49,853,935
|
|
Professional Services - 0.5%
|
|||
Experian PLC
|
437,638
|
21,772,944
|
|
Trading Companies & Distributors - 0.7%
|
|||
Ferguson Enterprises Inc (United Kingdom)
|
183,572
|
30,849,912
|
|
TOTAL INDUSTRIALS
|
102,476,791
|
||
Materials - 3.6%
|
|||
Chemicals - 1.0%
|
|||
Linde PLC
|
95,728
|
43,386,801
|
|
Construction Materials - 2.6%
|
|||
CRH PLC (United Kingdom)
|
557,718
|
52,281,667
|
|
Holcim AG
|
539,187
|
60,253,060
|
|
James Hardie Industries PLC depository receipt (a)
|
303,358
|
7,120,481
|
|
119,655,208
|
|||
TOTAL MATERIALS
|
163,042,009
|
||
TOTAL UNITED STATES
|
478,773,987
|
||
TOTAL COMMON STOCKS
(Cost $2,955,508,320)
|
4,273,313,774
|
||
Convertible Preferred Stocks - 0.5%
|
|||
Shares
|
Value ($)
|
||
CANADA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Valsoft Corp Series A-1.2 (b)(f)
|
231
|
2,705,867
|
|
Valsoft Corp Series A-1.3 (b)(f)
|
82
|
960,524
|
|
Valsoft Corp Series A-1.4 (b)(f)
|
105
|
1,229,940
|
|
TOTAL CANADA
|
4,896,331
|
||
ESTONIA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Bolt Technology OU Series E (a)(b)(f)
|
21,668
|
4,217,595
|
|
UNITED STATES - 0.3%
|
|||
Information Technology - 0.3%
|
|||
Technology Hardware, Storage & Peripherals - 0.3%
|
|||
Wasabi Holdings Inc Series C (a)(b)(f)
|
743,562
|
7,606,639
|
|
Wasabi Holdings Inc Series D (a)(b)(f)
|
304,085
|
4,993,076
|
|
TOTAL UNITED STATES
|
12,599,715
|
||
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $22,929,583)
|
21,713,641
|
||
Money Market Funds - 5.8%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
220,694,313
|
220,738,452
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
40,872,678
|
40,876,765
|
|
TOTAL MONEY MARKET FUNDS
(Cost $261,614,594)
|
261,615,217
|
|||
TOTAL INVESTMENT IN SECURITIES - 100.7%
(Cost $3,240,052,497)
|
4,556,642,632
|
NET OTHER ASSETS (LIABILITIES) - (0.7)%
|
(32,118,655)
|
NET ASSETS - 100.0%
|
4,524,523,977
|
(a)
|
Non-income producing
|
(b)
|
Level 3 security
|
(c)
|
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 $62,244,583 or 1.4% of net assets.
|
(d)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $73,609,071 or 1.6% of net assets.
|
(e)
|
Security or a portion of the security is on loan at period end.
|
(f)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $30,083,734 or 0.7% of net assets.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Bolt Technology OU Series E
|
1/03/22
|
5,629,271
|
Kry International Ab
|
5/14/21 - 10/30/24
|
2,038,126
|
Starling Bank Ltd Class D
|
6/18/21 - 4/05/22
|
4,642,638
|
Valsoft Corp Series A-1.2
|
3/14/25
|
2,705,867
|
Valsoft Corp Series A-1.3
|
3/17/25
|
814,004
|
Valsoft Corp Series A-1.4
|
3/17/25
|
1,381,955
|
Wasabi Holdings Inc Series C
|
3/31/21
|
8,078,504
|
Wasabi Holdings Inc Series D
|
9/09/22
|
4,319,984
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
148,198,288
|
510,412,457
|
437,872,292
|
2,626,467
|
-
|
(1)
|
220,738,452
|
220,694,313
|
0.4%
|
Fidelity Securities Lending Cash Central Fund
|
61,625,062
|
257,856,645
|
278,604,942
|
59,256
|
-
|
-
|
40,876,765
|
40,872,678
|
0.1%
|
Total
|
209,823,350
|
768,269,102
|
716,477,234
|
2,685,723
|
-
|
(1)
|
261,615,217
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
109,324,803
|
51,271,562
|
58,053,241
|
-
|
Consumer Discretionary
|
352,113,331
|
59,520,084
|
292,593,247
|
-
|
Consumer Staples
|
36,163,991
|
24,784,181
|
11,379,810
|
-
|
Energy
|
134,556,262
|
75,279,524
|
59,276,738
|
-
|
Financials
|
1,212,013,050
|
378,707,340
|
825,543,457
|
7,762,253
|
Health Care
|
405,102,447
|
216,468,203
|
188,634,244
|
-
|
Industrials
|
1,196,809,151
|
384,278,806
|
812,530,345
|
-
|
Information Technology
|
452,415,386
|
192,925,441
|
258,882,103
|
607,842
|
Materials
|
374,815,353
|
208,734,046
|
166,081,307
|
-
|
Convertible Preferred Stocks
|
||||
Information Technology
|
21,713,641
|
-
|
-
|
21,713,641
|
Money Market Funds
|
261,615,217
|
261,615,217
|
-
|
-
|
Total Investments in Securities:
|
4,556,642,632
|
1,853,584,404
|
2,672,974,492
|
30,083,736
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $37,904,213) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $2,978,437,903)
|
$
|
4,295,027,415
|
||
Fidelity Central Funds (cost $261,614,594)
|
261,615,217
|
|||
Total Investment in Securities (cost $3,240,052,497)
|
$
|
4,556,642,632
|
||
Foreign currency held at value (cost $618,797)
|
615,626
|
|||
Receivable for investments sold
|
16,603,337
|
|||
Receivable for fund shares sold
|
2,692,216
|
|||
Dividends receivable
|
13,572,803
|
|||
Reclaims receivable
|
10,722,824
|
|||
Distributions receivable from Fidelity Central Funds
|
606,984
|
|||
Other receivables
|
265,645
|
|||
Total assets
|
4,601,722,067
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
30,903,508
|
||
Payable for fund shares redeemed
|
1,697,547
|
|||
Accrued management fee
|
2,138,199
|
|||
Deferred taxes
|
1,568,064
|
|||
Other payables and accrued expenses
|
14,007
|
|||
Collateral on securities loaned
|
40,876,765
|
|||
Total liabilities
|
77,198,090
|
|||
Net Assets
|
$
|
4,524,523,977
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
3,252,118,761
|
||
Total accumulated earnings (loss)
|
1,272,405,216
|
|||
Net Assets
|
$
|
4,524,523,977
|
||
Net Asset Value, offering price and redemption price per share ($4,524,523,977 ÷ 291,230,029 shares)
|
$
|
15.54
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
41,999,808
|
||
Interest
|
6,063
|
|||
Income from Fidelity Central Funds (including $59,256 from security lending)
|
2,685,723
|
|||
Income before foreign taxes withheld
|
$
|
44,691,594
|
||
Less foreign taxes withheld
|
(3,040,260)
|
|||
Total income
|
41,651,334
|
|||
Expenses
|
||||
Management fee
|
$
|
13,561,220
|
||
Independent trustees' fees and expenses
|
10,121
|
|||
Total expenses before reductions
|
13,571,341
|
|||
Expense reductions
|
(1,150)
|
|||
Total expenses after reductions
|
13,570,191
|
|||
Net Investment income (loss)
|
28,081,143
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $1,425,695)
|
122,265,927
|
|||
Redemptions in-kind
|
175,694,543
|
|||
Foreign currency transactions
|
(689,507)
|
|||
Total net realized gain (loss)
|
297,270,963
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $990,019)
|
(31,189,886)
|
|||
Fidelity Central Funds
|
(1)
|
|||
Assets and liabilities in foreign currencies
|
1,223,074
|
|||
Total change in net unrealized appreciation (depreciation)
|
(29,966,813)
|
|||
Net gain (loss)
|
267,304,150
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
295,385,293
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
28,081,143
|
$
|
65,605,795
|
Net realized gain (loss)
|
297,270,963
|
61,216,255
|
||
Change in net unrealized appreciation (depreciation)
|
(29,966,813)
|
845,566,646
|
||
Net increase (decrease) in net assets resulting from operations
|
295,385,293
|
972,388,696
|
||
Distributions to shareholders
|
(98,522,166)
|
(69,972,907)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
467,320,791
|
1,024,639,725
|
||
Reinvestment of distributions
|
98,517,898
|
69,972,898
|
||
Cost of shares redeemed
|
(1,070,120,901)
|
(1,156,692,903)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
(504,282,212)
|
(62,080,280)
|
||
Total increase (decrease) in net assets
|
(307,419,085)
|
840,335,509
|
||
Net Assets
|
||||
Beginning of period
|
4,831,943,062
|
3,991,607,553
|
||
End of period
|
$
|
4,524,523,977
|
$
|
4,831,943,062
|
Other Information
|
||||
Shares
|
||||
Sold
|
31,356,769
|
71,524,447
|
||
Issued in reinvestment of distributions
|
6,724,771
|
5,378,392
|
||
Redeemed
|
(72,007,266)
|
(81,461,022)
|
||
Net increase (decrease)
|
(33,925,726)
|
(4,558,183)
|
||
Fidelity® Diversified International K6 Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
14.86
|
$
|
12.11
|
$
|
10.89
|
$
|
15.45
|
$
|
11.96
|
$
|
11.08
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.09
|
.20
|
.20
|
.15
|
.10
|
.08
|
||||||
Net realized and unrealized gain (loss)
|
.90
|
2.76
|
1.12
|
(4.56)
|
3.47
|
.98
|
||||||
Total from investment operations
|
.99
|
2.96
|
1.32
|
(4.41)
|
3.57
|
1.06
|
||||||
Distributions from net investment income
|
(.31)
|
(.21)
|
(.10)
|
(.15)
|
(.08)
|
(.15)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.03)
|
||||||
Total distributions
|
(.31)
|
(.21)
|
(.10)
|
(.15)
|
(.08)
|
(.18)
|
||||||
Net asset value, end of period
|
$
|
15.54
|
$
|
14.86
|
$
|
12.11
|
$
|
10.89
|
$
|
15.45
|
$
|
11.96
|
Total Return C,D
|
6.82 % |
24.70%
|
12.12%
|
(28.81)%
|
30.00%
|
9.70%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.60% G
|
.60%
|
.60%
|
.60%
|
.60%
|
.60%
|
||||||
Expenses net of fee waivers, if any
|
.60 % G |
.60%
|
.60%
|
.60%
|
.60%
|
.60%
|
||||||
Expenses net of all reductions, if any
|
.60% G
|
.60%
|
.60%
|
.60%
|
.60%
|
.59%
|
||||||
Net investment income (loss)
|
1.24% G
|
1.40%
|
1.57%
|
1.21%
|
.73%
|
.73%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
4,524,524
|
$
|
4,831,943
|
$
|
3,991,608
|
$
|
3,483,417
|
$
|
3,961,936
|
$
|
3,102,294
|
Portfolio turnover rate H
|
37 % G,I |
37% I
|
25% I
|
31% I
|
30% I
|
34%
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$1,350,494,510
|
Gross unrealized depreciation
|
(67,705,259)
|
Net unrealized appreciation (depreciation)
|
$1,282,789,251
|
Tax cost
|
$3,273,853,381
|
Short-term
|
$(322,445,081)
|
Long-term
|
(-)
|
Total capital loss carryforward
|
$(322,445,081)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity Diversified International K6 Fund
|
817,981,487
|
1,027,074,771
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity Diversified International K6 Fund
|
29,023,439
|
175,694,543
|
434,503,160
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity Diversified International K6 Fund
|
11,523,901
|
57,811,254
|
155,413,531
|
Shares
|
Total Proceeds ($)
|
|
Fidelity Diversified International K6 Fund
|
6,128,438
|
83,046,527
|
Amount ($)
|
|
Fidelity Diversified International K6 Fund
|
2,043
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity Diversified International K6 Fund
|
24,032,981
|
67,274,741
|
10,523,324
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity Diversified International K6 Fund
|
6,254
|
-
|
-
|
![]() |
Contents
Common Stocks - 95.2%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 1.5%
|
|||
Communication Services - 0.3%
|
|||
Interactive Media & Services - 0.3%
|
|||
CAR Group Ltd
|
65,690
|
1,402,107
|
|
Consumer Discretionary - 0.7%
|
|||
Hotels, Restaurants & Leisure - 0.7%
|
|||
Aristocrat Leisure Ltd
|
87,320
|
3,729,354
|
|
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Canva Inc Class A (a)(b)(c)
|
400
|
462,000
|
|
Materials - 0.5%
|
|||
Metals & Mining - 0.5%
|
|||
Brazilian Rare Earths Ltd (c)
|
192,741
|
278,896
|
|
IperionX Ltd (c)
|
1,082,783
|
2,483,728
|
|
2,762,624
|
|||
TOTAL AUSTRALIA
|
8,356,085
|
||
BAILIWICK OF JERSEY - 0.4%
|
|||
Financials - 0.4%
|
|||
Capital Markets - 0.4%
|
|||
JTC PLC (d)(e)
|
176,186
|
1,958,258
|
|
BELGIUM - 0.8%
|
|||
Health Care - 0.8%
|
|||
Pharmaceuticals - 0.8%
|
|||
UCB SA
|
22,465
|
4,101,183
|
|
BRAZIL - 1.5%
|
|||
Consumer Discretionary - 1.3%
|
|||
Broadline Retail - 1.3%
|
|||
MercadoLibre Inc (c)
|
2,898
|
6,754,803
|
|
Financials - 0.2%
|
|||
Banks - 0.2%
|
|||
NU Holdings Ltd/Cayman Islands Class A (c)
|
98,628
|
1,225,946
|
|
TOTAL BRAZIL
|
7,980,749
|
||
CANADA - 3.4%
|
|||
Energy - 0.8%
|
|||
Oil, Gas & Consumable Fuels - 0.8%
|
|||
Cameco Corp
|
49,135
|
2,217,954
|
|
Canadian Natural Resources Ltd
|
79,010
|
2,267,253
|
|
4,485,207
|
|||
Financials - 0.2%
|
|||
Insurance - 0.2%
|
|||
Definity Financial Corp
|
24,435
|
1,219,623
|
|
Information Technology - 2.4%
|
|||
Software - 2.4%
|
|||
Constellation Software Inc/Canada
|
3,529
|
12,718,198
|
|
Constellation Software Inc/Canada warrants 3/31/2040 (a)(c)
|
4,032
|
0
|
|
Lumine Group Inc Subordinate Voting Shares (c)(e)
|
8,073
|
260,999
|
|
12,979,197
|
|||
TOTAL CANADA
|
18,684,027
|
||
CHINA - 1.4%
|
|||
Communication Services - 0.6%
|
|||
Interactive Media & Services - 0.6%
|
|||
Tencent Holdings Ltd
|
52,918
|
3,241,278
|
|
Consumer Discretionary - 0.5%
|
|||
Automobiles - 0.4%
|
|||
BYD Co Ltd H Shares
|
47,799
|
2,270,273
|
|
Hotels, Restaurants & Leisure - 0.1%
|
|||
Trip.com Group Ltd ADR
|
9,387
|
553,739
|
|
TOTAL CONSUMER DISCRETIONARY
|
2,824,012
|
||
Information Technology - 0.3%
|
|||
Semiconductors & Semiconductor Equipment - 0.3%
|
|||
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
|
55,340
|
1,434,791
|
|
TOTAL CHINA
|
7,500,081
|
||
DENMARK - 1.8%
|
|||
Financials - 0.2%
|
|||
Insurance - 0.2%
|
|||
Tryg A/S
|
58,759
|
1,401,869
|
|
Health Care - 1.2%
|
|||
Pharmaceuticals - 1.2%
|
|||
Novo Nordisk A/S Series B
|
94,836
|
6,340,883
|
|
Industrials - 0.4%
|
|||
Air Freight & Logistics - 0.4%
|
|||
DSV A/S
|
9,457
|
2,004,505
|
|
TOTAL DENMARK
|
9,747,257
|
||
FRANCE - 9.9%
|
|||
Consumer Discretionary - 1.8%
|
|||
Textiles, Apparel & Luxury Goods - 1.8%
|
|||
Hermes International SCA
|
3,680
|
9,967,811
|
|
Consumer Staples - 1.1%
|
|||
Food Products - 1.1%
|
|||
Danone SA
|
68,368
|
5,882,821
|
|
Financials - 2.8%
|
|||
Banks - 0.5%
|
|||
BNP Paribas SA
|
31,741
|
2,689,398
|
|
Insurance - 2.3%
|
|||
AXA SA
|
266,193
|
12,589,838
|
|
TOTAL FINANCIALS
|
15,279,236
|
||
Health Care - 1.3%
|
|||
Health Care Equipment & Supplies - 1.3%
|
|||
EssilorLuxottica SA
|
23,734
|
6,794,361
|
|
Industrials - 1.8%
|
|||
Aerospace & Defense - 1.8%
|
|||
Dassault Aviation SA
|
1,543
|
554,112
|
|
Safran SA
|
29,115
|
7,748,072
|
|
Thales SA
|
5,442
|
1,524,426
|
|
9,826,610
|
|||
Materials - 1.1%
|
|||
Chemicals - 1.1%
|
|||
Air Liquide SA
|
28,467
|
5,849,348
|
|
TOTAL FRANCE
|
53,600,187
|
||
GERMANY - 9.6%
|
|||
Communication Services - 0.3%
|
|||
Entertainment - 0.3%
|
|||
CTS Eventim AG & Co KGaA
|
13,033
|
1,532,548
|
|
Consumer Discretionary - 0.6%
|
|||
Textiles, Apparel & Luxury Goods - 0.6%
|
|||
adidas AG
|
13,173
|
3,009,976
|
|
Financials - 1.2%
|
|||
Insurance - 1.2%
|
|||
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (c)
|
9,896
|
6,774,894
|
|
Health Care - 0.3%
|
|||
Health Care Providers & Services - 0.3%
|
|||
Fresenius SE & Co KGaA (c)
|
33,522
|
1,587,372
|
|
Industrials - 4.4%
|
|||
Aerospace & Defense - 2.9%
|
|||
Rheinmetall AG
|
9,153
|
15,588,041
|
|
Industrial Conglomerates - 1.5%
|
|||
Siemens AG
|
36,614
|
8,430,788
|
|
TOTAL INDUSTRIALS
|
24,018,829
|
||
Information Technology - 2.8%
|
|||
Software - 2.8%
|
|||
SAP SE
|
51,252
|
14,995,753
|
|
TOTAL GERMANY
|
51,919,372
|
||
HUNGARY - 0.4%
|
|||
Health Care - 0.4%
|
|||
Pharmaceuticals - 0.4%
|
|||
Richter Gedeon Nyrt
|
67,665
|
2,047,021
|
|
INDIA - 1.2%
|
|||
Consumer Discretionary - 0.1%
|
|||
Broadline Retail - 0.1%
|
|||
Lenskart Solutions Pvt Ltd (a)(b)
|
240,000
|
800,156
|
|
Financials - 0.8%
|
|||
Banks - 0.6%
|
|||
HDFC Bank Ltd
|
118,315
|
2,683,757
|
|
Capital Markets - 0.2%
|
|||
360 ONE WAM Ltd
|
110,542
|
1,285,855
|
|
TOTAL FINANCIALS
|
3,969,612
|
||
Industrials - 0.3%
|
|||
Professional Services - 0.3%
|
|||
Computer Age Management Services Ltd
|
38,833
|
1,788,232
|
|
TOTAL INDIA
|
6,558,000
|
||
IRELAND - 1.6%
|
|||
Consumer Discretionary - 0.7%
|
|||
Hotels, Restaurants & Leisure - 0.2%
|
|||
Dalata Hotel Group PLC
|
201,878
|
1,157,209
|
|
Household Durables - 0.5%
|
|||
Cairn Homes PLC
|
1,306,331
|
2,869,082
|
|
TOTAL CONSUMER DISCRETIONARY
|
4,026,291
|
||
Industrials - 0.9%
|
|||
Building Products - 0.9%
|
|||
Kingspan Group PLC
|
57,517
|
4,841,249
|
|
TOTAL IRELAND
|
8,867,540
|
||
ISRAEL - 0.1%
|
|||
Information Technology - 0.1%
|
|||
IT Services - 0.1%
|
|||
Wix.com Ltd (c)
|
2,943
|
499,103
|
|
ITALY - 5.9%
|
|||
Consumer Discretionary - 0.8%
|
|||
Automobiles - 0.8%
|
|||
Ferrari NV
|
8,856
|
4,089,524
|
|
Financials - 4.8%
|
|||
Banks - 4.4%
|
|||
FinecoBank Banca Fineco SpA
|
125,544
|
2,498,138
|
|
Intesa Sanpaolo SpA
|
554,758
|
2,961,458
|
|
UniCredit SpA
|
314,854
|
18,318,476
|
|
23,778,072
|
|||
Financial Services - 0.4%
|
|||
BFF Bank SpA (c)(d)(e)
|
249,544
|
2,354,857
|
|
TOTAL FINANCIALS
|
26,132,929
|
||
Health Care - 0.3%
|
|||
Pharmaceuticals - 0.3%
|
|||
Recordati Industria Chimica e Farmaceutica SpA
|
32,087
|
1,884,735
|
|
TOTAL ITALY
|
32,107,188
|
||
JAPAN - 16.0%
|
|||
Communication Services - 1.1%
|
|||
Entertainment - 1.1%
|
|||
Nintendo Co Ltd
|
71,193
|
5,910,443
|
|
Consumer Discretionary - 3.1%
|
|||
Broadline Retail - 0.7%
|
|||
Pan Pacific International Holdings Corp
|
117,829
|
3,634,256
|
|
Household Durables - 1.2%
|
|||
Sony Group Corp
|
242,663
|
6,402,129
|
|
Specialty Retail - 1.2%
|
|||
Fast Retailing Co Ltd
|
20,424
|
6,718,370
|
|
TOTAL CONSUMER DISCRETIONARY
|
16,754,755
|
||
Financials - 3.2%
|
|||
Banks - 1.8%
|
|||
Mitsubishi UFJ Financial Group Inc
|
473,275
|
5,962,853
|
|
Sumitomo Mitsui Financial Group Inc
|
169,919
|
4,053,794
|
|
10,016,647
|
|||
Financial Services - 0.6%
|
|||
ORIX Corp
|
158,543
|
3,180,378
|
|
Insurance - 0.8%
|
|||
Tokio Marine Holdings Inc
|
108,749
|
4,358,918
|
|
TOTAL FINANCIALS
|
17,555,943
|
||
Health Care - 1.2%
|
|||
Health Care Equipment & Supplies - 0.8%
|
|||
Hoya Corp
|
34,693
|
4,082,193
|
|
Pharmaceuticals - 0.4%
|
|||
Daiichi Sankyo Co Ltd
|
97,009
|
2,481,551
|
|
TOTAL HEALTH CARE
|
6,563,744
|
||
Industrials - 6.7%
|
|||
Industrial Conglomerates - 2.8%
|
|||
Hitachi Ltd
|
606,701
|
14,994,929
|
|
Machinery - 1.5%
|
|||
IHI Corp
|
28,491
|
2,231,761
|
|
Mitsubishi Heavy Industries Ltd
|
304,846
|
6,009,383
|
|
8,241,144
|
|||
Professional Services - 0.8%
|
|||
BayCurrent Inc
|
29,091
|
1,567,528
|
|
Timee Inc (c)
|
122,331
|
1,468,177
|
|
Visional Inc (c)
|
17,740
|
1,072,986
|
|
4,108,691
|
|||
Trading Companies & Distributors - 1.6%
|
|||
ITOCHU Corp
|
170,154
|
8,702,176
|
|
TOTAL INDUSTRIALS
|
36,046,940
|
||
Information Technology - 0.7%
|
|||
Semiconductors & Semiconductor Equipment - 0.7%
|
|||
Advantest Corp
|
66,047
|
2,763,139
|
|
Tokyo Seimitsu Co Ltd
|
19,647
|
1,095,164
|
|
3,858,303
|
|||
TOTAL JAPAN
|
86,690,128
|
||
KAZAKHSTAN - 0.1%
|
|||
Financials - 0.1%
|
|||
Consumer Finance - 0.1%
|
|||
Kaspi.KZ JSC ADR
|
6,875
|
604,244
|
|
KOREA (SOUTH) - 0.6%
|
|||
Information Technology - 0.6%
|
|||
Semiconductors & Semiconductor Equipment - 0.6%
|
|||
SK Hynix Inc
|
24,463
|
3,046,067
|
|
LUXEMBOURG - 0.5%
|
|||
Financials - 0.5%
|
|||
Capital Markets - 0.5%
|
|||
CVC Capital Partners PLC (c)(d)(e)
|
156,251
|
2,764,880
|
|
NETHERLANDS - 5.7%
|
|||
Communication Services - 0.4%
|
|||
Entertainment - 0.4%
|
|||
Universal Music Group NV
|
87,150
|
2,562,687
|
|
Financials - 0.9%
|
|||
Banks - 0.9%
|
|||
ING Groep NV (f)
|
250,181
|
4,858,344
|
|
Industrials - 2.1%
|
|||
Professional Services - 1.7%
|
|||
Wolters Kluwer NV
|
50,966
|
8,975,191
|
|
Trading Companies & Distributors - 0.4%
|
|||
IMCD NV
|
18,752
|
2,482,268
|
|
TOTAL INDUSTRIALS
|
11,457,459
|
||
Information Technology - 2.3%
|
|||
Semiconductors & Semiconductor Equipment - 2.2%
|
|||
ASML Holding NV
|
11,557
|
7,626,292
|
|
BE Semiconductor Industries NV (f)
|
36,877
|
3,936,981
|
|
11,563,273
|
|||
Software - 0.1%
|
|||
Topicus.com Inc (c)
|
5,819
|
696,372
|
|
TOTAL INFORMATION TECHNOLOGY
|
12,259,645
|
||
TOTAL NETHERLANDS
|
31,138,135
|
||
SINGAPORE - 0.7%
|
|||
Communication Services - 0.7%
|
|||
Entertainment - 0.7%
|
|||
Sea Ltd Class A ADR (c)
|
29,837
|
3,999,650
|
|
SPAIN - 2.1%
|
|||
Financials - 2.1%
|
|||
Banks - 2.1%
|
|||
Banco Santander SA (f)
|
634,096
|
4,440,751
|
|
CaixaBank SA (f)
|
891,570
|
6,833,175
|
|
TOTAL SPAIN
|
11,273,926
|
||
SWEDEN - 3.6%
|
|||
Financials - 1.5%
|
|||
Financial Services - 1.5%
|
|||
Investor AB B Shares
|
275,007
|
8,117,480
|
|
Industrials - 1.0%
|
|||
Machinery - 1.0%
|
|||
Indutrade AB
|
203,041
|
5,478,567
|
|
Information Technology - 1.1%
|
|||
Electronic Equipment, Instruments & Components - 1.1%
|
|||
Hexagon AB B Shares
|
174,599
|
1,699,297
|
|
Lagercrantz Group AB B Shares
|
185,946
|
4,216,995
|
|
5,916,292
|
|||
Software - 0.0%
|
|||
Kry International Ab (a)(b)(c)
|
3,324
|
65,558
|
|
TOTAL INFORMATION TECHNOLOGY
|
5,981,850
|
||
TOTAL SWEDEN
|
19,577,897
|
||
SWITZERLAND - 1.6%
|
|||
Financials - 1.6%
|
|||
Capital Markets - 1.6%
|
|||
Partners Group Holding AG
|
3,136
|
4,086,470
|
|
UBS Group AG
|
154,632
|
4,663,222
|
|
TOTAL SWITZERLAND
|
8,749,692
|
||
TAIWAN - 1.9%
|
|||
Information Technology - 1.9%
|
|||
Semiconductors & Semiconductor Equipment - 1.9%
|
|||
Taiwan Semiconductor Manufacturing Co Ltd
|
362,904
|
10,262,188
|
|
UNITED KINGDOM - 18.2%
|
|||
Communication Services - 2.8%
|
|||
Diversified Telecommunication Services - 2.6%
|
|||
Zegona Communications plc (c)
|
1,581,560
|
14,248,357
|
|
Interactive Media & Services - 0.2%
|
|||
Baltic Classifieds Group PLC
|
252,356
|
1,143,470
|
|
TOTAL COMMUNICATION SERVICES
|
15,391,827
|
||
Consumer Discretionary - 3.2%
|
|||
Hotels, Restaurants & Leisure - 2.4%
|
|||
Compass Group PLC
|
271,217
|
9,144,034
|
|
Flutter Entertainment PLC (United Kingdom) (c)
|
15,339
|
3,671,434
|
|
12,815,468
|
|||
Leisure Products - 0.8%
|
|||
Games Workshop Group PLC
|
22,529
|
4,626,760
|
|
TOTAL CONSUMER DISCRETIONARY
|
17,442,228
|
||
Consumer Staples - 1.2%
|
|||
Tobacco - 1.2%
|
|||
Imperial Brands PLC
|
164,383
|
6,745,133
|
|
Financials - 5.1%
|
|||
Banks - 0.9%
|
|||
NatWest Group PLC
|
664,064
|
4,271,450
|
|
Starling Bank Ltd Class D (a)(b)(c)
|
137,500
|
443,456
|
|
4,714,906
|
|||
Capital Markets - 4.0%
|
|||
3i Group PLC
|
186,755
|
10,587,335
|
|
London Stock Exchange Group PLC
|
70,098
|
10,915,067
|
|
21,502,402
|
|||
Financial Services - 0.2%
|
|||
Revolut Group Holdings Ltd (a)(b)
|
1,409
|
1,062,146
|
|
TOTAL FINANCIALS
|
27,279,454
|
||
Health Care - 1.4%
|
|||
Pharmaceuticals - 1.4%
|
|||
Astrazeneca PLC
|
53,907
|
7,723,079
|
|
Industrials - 4.5%
|
|||
Aerospace & Defense - 2.3%
|
|||
BAE Systems PLC
|
390,578
|
9,054,628
|
|
Rolls-Royce Holdings PLC
|
262,950
|
2,661,705
|
|
11,716,333
|
|||
Professional Services - 1.9%
|
|||
RELX PLC
|
188,063
|
10,263,566
|
|
Trading Companies & Distributors - 0.3%
|
|||
Diploma PLC
|
34,385
|
1,815,582
|
|
TOTAL INDUSTRIALS
|
23,795,481
|
||
TOTAL UNITED KINGDOM
|
98,377,202
|
||
UNITED STATES - 4.7%
|
|||
Communication Services - 0.8%
|
|||
Entertainment - 0.8%
|
|||
Spotify Technology SA (c)
|
6,638
|
4,075,599
|
|
Energy - 0.2%
|
|||
Oil, Gas & Consumable Fuels - 0.2%
|
|||
Shell PLC
|
37,786
|
1,219,420
|
|
Health Care - 0.5%
|
|||
Health Care Equipment & Supplies - 0.5%
|
|||
Alcon AG (United States)
|
26,401
|
2,577,002
|
|
Industrials - 1.4%
|
|||
Electrical Equipment - 1.4%
|
|||
Schneider Electric SE
|
31,683
|
7,402,599
|
|
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Monday.com Ltd (c)
|
2,605
|
731,979
|
|
Materials - 1.8%
|
|||
Chemicals - 0.5%
|
|||
Linde PLC
|
6,002
|
2,720,286
|
|
Construction Materials - 1.3%
|
|||
CRH PLC (United Kingdom)
|
65,545
|
6,144,328
|
|
James Hardie Industries PLC depository receipt (c)
|
37,046
|
869,551
|
|
7,013,879
|
|||
TOTAL MATERIALS
|
9,734,165
|
||
TOTAL UNITED STATES
|
25,740,764
|
||
TOTAL COMMON STOCKS
(Cost $349,892,375)
|
516,150,824
|
||
Convertible Preferred Stocks - 0.5%
|
|||
Shares
|
Value ($)
|
||
AUSTRALIA - 0.0%
|
|||
Information Technology - 0.0%
|
|||
Software - 0.0%
|
|||
Canva Inc Series A (a)(b)(c)
|
85
|
98,175
|
|
Canva Inc Series A2 (a)(b)(c)
|
15
|
17,325
|
|
TOTAL AUSTRALIA
|
115,500
|
||
CANADA - 0.3%
|
|||
Information Technology - 0.3%
|
|||
Software - 0.3%
|
|||
Valsoft Corp Series A-1.2 (a)(b)
|
64
|
749,677
|
|
Valsoft Corp Series A-1.3 (a)(b)
|
23
|
269,415
|
|
Valsoft Corp Series A-1.4 (a)(b)
|
29
|
339,698
|
|
TOTAL CANADA
|
1,358,790
|
||
CHINA - 0.1%
|
|||
Communication Services - 0.1%
|
|||
Interactive Media & Services - 0.1%
|
|||
ByteDance Ltd Series E1 (a)(b)(c)
|
1,533
|
325,441
|
|
Health Care - 0.0%
|
|||
Health Care Providers & Services - 0.0%
|
|||
dMed Biopharmaceutical Co Ltd Series C (a)(b)(c)
|
7,322
|
58,722
|
|
TOTAL CHINA
|
384,163
|
||
ESTONIA - 0.1%
|
|||
Information Technology - 0.1%
|
|||
Software - 0.1%
|
|||
Bolt Technology OU Series E (a)(b)(c)
|
3,347
|
651,481
|
|
TOTAL CONVERTIBLE PREFERRED STOCKS
(Cost $2,607,856)
|
2,509,934
|
||
Money Market Funds - 6.3%
|
||||
Yield (%)
|
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund (g)
|
4.33
|
21,796,795
|
21,801,155
|
|
Fidelity Securities Lending Cash Central Fund (g)(h)
|
4.33
|
12,633,414
|
12,634,677
|
|
TOTAL MONEY MARKET FUNDS
(Cost $34,435,832)
|
34,435,832
|
|||
TOTAL INVESTMENT IN SECURITIES - 102.0%
(Cost $386,936,063)
|
553,096,590
|
NET OTHER ASSETS (LIABILITIES) - (2.0)%
|
(10,671,268)
|
NET ASSETS - 100.0%
|
542,425,322
|
(a)
|
Level 3 security
|
(b)
|
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $5,343,250 or 1.0% of net assets.
|
(c)
|
Non-income producing
|
(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 $7,077,995 or 1.3% of net assets.
|
(e)
|
Security is exempt from registration under Regulation S of the Securities Act of 1933 and may be resold to qualified foreign investors outside of the United States. At the end of the period, the value of securities amounted to $7,338,994 or 1.4% of net assets.
|
(f)
|
Security or a portion of the security is on loan at period end.
|
(g)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
(h)
|
Investment made with cash collateral received from securities on loan.
|
Additional information on each restricted holding is as follows:
|
||
Security
|
Acquisition Date
|
Acquisition Cost ($)
|
Bolt Technology OU Series E
|
1/03/22
|
869,539
|
ByteDance Ltd Series E1
|
11/18/20
|
167,977
|
Canva Inc Class A
|
3/18/24
|
426,664
|
Canva Inc Series A
|
9/22/23
|
90,666
|
Canva Inc Series A2
|
9/22/23
|
16,000
|
dMed Biopharmaceutical Co Ltd Series C
|
12/01/20
|
103,995
|
Kry International Ab
|
5/14/21 - 10/30/24
|
219,661
|
Lenskart Solutions Pvt Ltd
|
4/30/24
|
661,395
|
Revolut Group Holdings Ltd
|
12/27/24
|
1,225,512
|
Starling Bank Ltd Class D
|
6/18/21 - 4/05/22
|
286,270
|
Valsoft Corp Series A-1.2
|
3/14/25
|
749,677
|
Valsoft Corp Series A-1.3
|
3/17/25
|
228,318
|
Valsoft Corp Series A-1.4
|
3/17/25
|
381,683
|
Affiliate
|
Value,
beginning
of period ($)
|
Purchases ($)
|
Sales
Proceeds ($)
|
Dividend
Income ($)
|
Realized
Gain (loss) ($)
|
Change in
Unrealized
appreciation
(depreciation) ($)
|
Value,
end
of period ($)
|
Shares,
end
of period
|
% ownership,
end
of period
|
Fidelity Cash Central Fund
|
12,600,765
|
107,111,111
|
97,910,721
|
222,366
|
-
|
-
|
21,801,155
|
21,796,795
|
0.0%
|
Fidelity Securities Lending Cash Central Fund
|
100,450
|
34,210,263
|
21,676,036
|
9,592
|
-
|
-
|
12,634,677
|
12,633,414
|
0.0%
|
Total
|
12,701,215
|
141,321,374
|
119,586,757
|
231,958
|
-
|
-
|
34,435,832
|
||
Valuation Inputs at Reporting Date:
|
||||
Description
|
Total ($)
|
Level 1 ($)
|
Level 2 ($)
|
Level 3 ($)
|
Investments in Securities:
|
||||
Common Stocks
|
||||
Communication Services
|
38,116,139
|
24,999,624
|
13,116,515
|
-
|
Consumer Discretionary
|
69,398,910
|
40,334,594
|
28,264,160
|
800,156
|
Consumer Staples
|
12,627,954
|
-
|
12,627,954
|
-
|
Energy
|
5,704,627
|
4,485,207
|
1,219,420
|
-
|
Financials
|
139,166,330
|
35,335,738
|
102,324,990
|
1,505,602
|
Health Care
|
39,619,380
|
18,991,674
|
20,627,706
|
-
|
Industrials
|
126,660,471
|
26,688,132
|
99,972,339
|
-
|
Information Technology
|
66,510,876
|
31,782,083
|
34,201,235
|
527,558
|
Materials
|
18,346,137
|
8,864,614
|
9,481,523
|
-
|
Convertible Preferred Stocks
|
||||
Communication Services
|
325,441
|
-
|
-
|
325,441
|
Health Care
|
58,722
|
-
|
-
|
58,722
|
Information Technology
|
2,125,771
|
-
|
-
|
2,125,771
|
Money Market Funds
|
34,435,832
|
34,435,832
|
-
|
-
|
Total Investments in Securities:
|
553,096,590
|
225,917,498
|
321,835,842
|
5,343,250
|
Statement of Assets and Liabilities
|
||||
As of April 30, 2025 (Unaudited)
|
||||
Assets
|
||||
Investment in securities, at value (including securities loaned of $11,621,721) - See accompanying schedule:
|
||||
Unaffiliated issuers (cost $352,500,231)
|
$
|
518,660,758
|
||
Fidelity Central Funds (cost $34,435,832)
|
34,435,832
|
|||
Total Investment in Securities (cost $386,936,063)
|
$
|
553,096,590
|
||
Foreign currency held at value (cost $129,809)
|
129,640
|
|||
Receivable for investments sold
|
64,910
|
|||
Receivable for fund shares sold
|
448,502
|
|||
Dividends receivable
|
1,464,138
|
|||
Reclaims receivable
|
1,267,231
|
|||
Distributions receivable from Fidelity Central Funds
|
64,726
|
|||
Other receivables
|
5,398
|
|||
Total assets
|
556,541,135
|
|||
Liabilities
|
||||
Payable for investments purchased
|
$
|
943,299
|
||
Payable for fund shares redeemed
|
129,879
|
|||
Accrued management fee
|
257,227
|
|||
Deferred taxes
|
150,612
|
|||
Other payables and accrued expenses
|
118
|
|||
Collateral on securities loaned
|
12,634,678
|
|||
Total liabilities
|
14,115,813
|
|||
Net Assets
|
$
|
542,425,322
|
||
Net Assets consist of:
|
||||
Paid in capital
|
$
|
488,352,594
|
||
Total accumulated earnings (loss)
|
54,072,728
|
|||
Net Assets
|
$
|
542,425,322
|
||
Net Asset Value, offering price and redemption price per share ($542,425,322 ÷ 37,864,251 shares)
|
$
|
14.33
|
Statement of Operations
|
||||
Six months ended April 30, 2025 (Unaudited)
|
||||
Investment Income
|
||||
Dividends
|
$
|
4,901,568
|
||
Foreign Tax Reclaims
|
460,822
|
|||
Income from Fidelity Central Funds (including $9,592 from security lending)
|
231,958
|
|||
Income before foreign taxes withheld
|
$
|
5,594,348
|
||
Less foreign taxes withheld
|
(573,370)
|
|||
Total income
|
5,020,978
|
|||
Expenses
|
||||
Management fee
|
$
|
1,604,118
|
||
Independent trustees' fees and expenses
|
1,219
|
|||
Total expenses before reductions
|
1,605,337
|
|||
Expense reductions
|
(456)
|
|||
Total expenses after reductions
|
1,604,881
|
|||
Net Investment income (loss)
|
3,416,097
|
|||
Realized and Unrealized Gain (Loss)
|
||||
Net realized gain (loss) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of foreign taxes of $117,266)
|
951,783
|
|||
Foreign currency transactions
|
42,649
|
|||
Total net realized gain (loss)
|
994,432
|
|||
Change in net unrealized appreciation (depreciation) on:
|
||||
Investment Securities:
|
||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $297,217)
|
34,320,857
|
|||
Assets and liabilities in foreign currencies
|
126,063
|
|||
Total change in net unrealized appreciation (depreciation)
|
34,446,920
|
|||
Net gain (loss)
|
35,441,352
|
|||
Net increase (decrease) in net assets resulting from operations
|
$
|
38,857,449
|
Statement of Changes in Net Assets
|
||||
Six months ended
April 30, 2025
(Unaudited)
|
Year ended
October 31, 2024
|
|||
Increase (Decrease) in Net Assets
|
||||
Operations
|
||||
Net investment income (loss)
|
$
|
3,416,097
|
$
|
8,489,589
|
Net realized gain (loss)
|
994,432
|
38,108,806
|
||
Change in net unrealized appreciation (depreciation)
|
34,446,920
|
123,162,530
|
||
Net increase (decrease) in net assets resulting from operations
|
38,857,449
|
169,760,925
|
||
Distributions to shareholders
|
(20,770,849)
|
(11,176,994)
|
||
Share transactions
|
||||
Proceeds from sales of shares
|
53,943,312
|
175,322,558
|
||
Reinvestment of distributions
|
20,770,849
|
11,176,992
|
||
Cost of shares redeemed
|
(101,026,577)
|
(377,815,727)
|
||
Net increase (decrease) in net assets resulting from share transactions
|
(26,312,416)
|
(191,316,177)
|
||
Total increase (decrease) in net assets
|
(8,225,816)
|
(32,732,246)
|
||
Net Assets
|
||||
Beginning of period
|
550,651,138
|
583,383,384
|
||
End of period
|
$
|
542,425,322
|
$
|
550,651,138
|
Other Information
|
||||
Shares
|
||||
Sold
|
3,939,971
|
13,577,941
|
||
Issued in reinvestment of distributions
|
1,540,864
|
955,298
|
||
Redeemed
|
(7,420,319)
|
(28,467,113)
|
||
Net increase (decrease)
|
(1,939,484)
|
(13,933,874)
|
||
Fidelity® International Discovery K6 Fund |
Six months ended
April 30, 2025
(Unaudited)
|
Years ended October 31, 2024
|
2023
|
2022
|
2021
|
2020
|
|||||||
Selected Per-Share Data
|
||||||||||||
Net asset value, beginning of period
|
$
|
13.83
|
$
|
10.86
|
$
|
10.23
|
$
|
14.97
|
$
|
11.29
|
$
|
10.49
|
Income from Investment Operations
|
||||||||||||
Net investment income (loss) A,B
|
.09
|
.17
|
.19
|
.24
|
.16
|
.12
|
||||||
Net realized and unrealized gain (loss)
|
.94
|
3.00
|
.55
|
(4.70)
|
3.60
|
.77
|
||||||
Total from investment operations
|
1.03
|
3.17
|
.74
|
(4.46)
|
3.76
|
.89
|
||||||
Distributions from net investment income
|
(.53)
|
(.20)
|
(.11)
|
(.28)
|
(.08)
|
(.04)
|
||||||
Distributions from net realized gain
|
-
|
-
|
-
|
-
|
-
|
(.05)
|
||||||
Total distributions
|
(.53)
|
(.20)
|
(.11)
|
(.28)
|
(.08)
|
(.09)
|
||||||
Net asset value, end of period
|
$
|
14.33
|
$
|
13.83
|
$
|
10.86
|
$
|
10.23
|
$
|
14.97
|
$
|
11.29
|
Total Return C,D
|
7.70 % |
29.50%
|
7.19%
|
(30.35)%
|
33.43%
|
8.51%
|
||||||
Ratios to Average Net Assets B,E,F
|
||||||||||||
Expenses before reductions
|
.60% G
|
.60%
|
.60%
|
.60%
|
.60%
|
.60%
|
||||||
Expenses net of fee waivers, if any
|
.60 % G |
.60%
|
.60%
|
.60%
|
.60%
|
.60%
|
||||||
Expenses net of all reductions, if any
|
.60% G
|
.60%
|
.60%
|
.60%
|
.60%
|
.60%
|
||||||
Net investment income (loss)
|
1.28% G
|
1.31%
|
1.62%
|
1.98%
|
1.11%
|
1.16%
|
||||||
Supplemental Data
|
||||||||||||
Net assets, end of period (000 omitted)
|
$
|
542,425
|
$
|
550,651
|
$
|
583,383
|
$
|
468,052
|
$
|
430,892
|
$
|
103,173
|
Portfolio turnover rate H
|
50 % G |
48% I
|
55% I
|
50% I
|
58% I
|
42% I
|
Fidelity Central Fund
|
Investment Manager
|
Investment Objective
|
Investment Practices
|
Expense RatioA
|
Fidelity Money Market Central Funds
|
Fidelity Management & Research Company LLC (FMR)
|
Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.
|
Short-term Investments
|
Less than .005%
|
Gross unrealized appreciation
|
$160,773,061
|
Gross unrealized depreciation
|
(6,430,980)
|
Net unrealized appreciation (depreciation)
|
$154,342,081
|
Tax cost
|
$398,754,509
|
Short-term
|
$(90,418,700)
|
Long-term
|
(12,920,706)
|
Total capital loss carryforward
|
$(103,339,406)
|
Purchases ($)
|
Sales ($)
|
|
Fidelity International Discovery K6 Fund
|
130,985,415
|
183,710,798
|
Shares
|
Total net realized gain or loss ($)
|
Total Proceeds ($)
|
|
Fidelity International Discovery K6 Fund
|
5,980,844
|
21,762,174
|
73,727,455
|
Shares
|
Total Proceeds ($)
|
|
Fidelity International Discovery K6 Fund
|
3,165,883
|
36,396,996
|
Amount ($)
|
|
Fidelity International Discovery K6 Fund
|
463
|
Purchases ($)
|
Sales ($)
|
Realized Gain (Loss) ($)
|
|
Fidelity International Discovery K6 Fund
|
3,065,615
|
11,176,762
|
(791,485)
|
Total Security Lending Fees Paid to NFS ($)
|
Security Lending Income From Securities Loaned to NFS ($)
|
Value of Securities Loaned to NFS at Period End ($)
|
|
Fidelity International Discovery K6 Fund
|
1,026
|
2
|
-
|
![]() |
Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Investment Trusts Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Investment Trusts (the Trust) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.
Item 17.
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Investment Trust
By: | /s/Stacie M. Smith |
| Stacie M. Smith |
| President and Treasurer (Principal Executive Officer) |
| |
Date: | June 20, 2025 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
| Stacie M. Smith |
| President and Treasurer (Principal Executive Officer) |
| |
Date: | June 20, 2025 |
By: | /s/Stephanie Caron |
| Stephanie Caron |
| Chief Financial Officer (Principal Financial Officer) |
| |
Date: | June 20, 2025 |