Quarterly Holdings Report
for
Fidelity® Overseas Fund
July 31, 2026
OVE-NPRT3-0926
1.804876.122
Common Stocks - 97.4%
 
  
Shares
Value ($)
 
AUSTRALIA - 1.5%
 
  
  
Materials - 1.5%
  
  
  
Metals & Mining - 1.5%
  
  
  
Rio Tinto PLC
 
1,139,400
110,715,110
BELGIUM - 1.5%
 
  
  
Financials - 1.5%
  
  
  
Banks - 1.5%
  
  
  
KBC Group NV
 
782,965
112,543,505
CANADA - 0.8%
 
  
  
Materials - 0.8%
  
  
  
Metals & Mining - 0.8%
  
  
  
Franco-Nevada Corp
 
275,000
58,505,546
CHINA - 0.8%
 
  
  
Industrials - 0.8%
  
  
  
Electrical Equipment - 0.8%
  
  
  
Contemporary Amperex Technology Co Ltd A Shares (China)
 
998,300
58,492,539
DENMARK - 1.1%
 
  
  
Industrials - 1.1%
  
  
  
Air Freight & Logistics - 1.1%
  
  
  
DSV A/S
 
361,500
78,127,747
FRANCE - 6.5%
 
  
  
Communication Services - 0.6%
  
  
  
Diversified Telecommunication Services - 0.6%
  
  
  
Orange SA
 
2,137,100
40,835,056
Consumer Staples - 0.9%
  
  
  
Food Products - 0.9%
  
  
  
Danone SA
 
879,600
68,420,679
Industrials - 3.0%
  
  
  
Aerospace & Defense - 2.6%
  
  
  
Safran SA
 
499,915
196,457,270
Electrical Equipment - 0.4%
  
  
  
Legrand SA
 
183,800
27,942,977
TOTAL INDUSTRIALS
  
  
224,400,247
Materials - 2.0%
  
  
  
Chemicals - 2.0%
  
  
  
Air Liquide SA
 
761,838
150,088,589
TOTAL FRANCE
  
  
483,744,571
GERMANY - 7.0%
 
  
  
Financials - 2.6%
  
  
  
Insurance - 2.6%
  
  
  
Allianz SE
 
383,424
190,984,427
Industrials - 3.6%
  
  
  
Aerospace & Defense - 0.8%
  
  
  
Rheinmetall AG
 
43,347
57,302,530
Electrical Equipment - 1.6%
  
  
  
Siemens Energy AG
 
708,300
121,008,142
Industrial Conglomerates - 1.2%
  
  
  
Siemens AG
 
273,939
89,755,176
TOTAL INDUSTRIALS
  
  
268,065,848
Materials - 0.8%
  
  
  
Construction Materials - 0.8%
  
  
  
Heidelberg Materials AG
 
312,431
58,163,728
TOTAL GERMANY
  
  
517,214,003
HONG KONG - 1.0%
 
  
  
Financials - 1.0%
  
  
  
Insurance - 1.0%
  
  
  
AIA Group Ltd
 
7,675,800
77,378,959
IRELAND - 0.9%
 
  
  
Industrials - 0.9%
  
  
  
Building Products - 0.9%
  
  
  
Kingspan Group PLC
 
723,977
66,997,040
ISRAEL - 0.2%
 
  
  
Information Technology - 0.2%
  
  
  
Semiconductors & Semiconductor Equipment - 0.2%
  
  
  
Tower Semiconductor Ltd (United States) (a)
  
82,600
18,144,742
ITALY - 5.8%
 
  
  
Financials - 5.0%
  
  
  
Banks - 4.1%
  
  
  
FinecoBank Banca Fineco SpA
 
2,969,563
81,122,889
Intesa Sanpaolo SpA
 
17,478,100
132,122,421
UniCredit SpA
 
970,989
91,575,783
 
  
  
304,821,093
Insurance - 0.9%
  
  
  
Generali
 
1,251,336
63,416,514
TOTAL FINANCIALS
  
  
368,237,607
Health Care - 0.6%
  
  
  
Pharmaceuticals - 0.6%
  
  
  
Recordati Industria Chimica e Farmaceutica SpA
 
777,650
46,316,988
Industrials - 0.2%
  
  
  
Machinery - 0.2%
  
  
  
Interpump Group SpA
 
311,100
12,462,800
TOTAL ITALY
  
  
427,017,395
JAPAN - 20.6%
 
  
  
Communication Services - 0.2%
  
  
  
Entertainment - 0.2%
  
  
  
Capcom Co Ltd
 
499,100
12,537,575
Consumer Discretionary - 2.3%
  
  
  
Automobile Components - 0.3%
  
  
  
Sumitomo Electric Industries Ltd
 
1,946,600
25,763,441
Hotels, Restaurants & Leisure - 0.4%
  
  
  
Food & Life Cos Ltd
 
923,200
32,232,105
Household Durables - 1.6%
  
  
  
Panasonic Holdings Corp
 
4,150,000
109,736,239
TOTAL CONSUMER DISCRETIONARY
  
  
167,731,785
Consumer Staples - 1.5%
  
  
  
Food Products - 1.5%
  
  
  
Ajinomoto Co Inc
 
3,654,200
112,689,634
Financials - 4.1%
  
  
  
Banks - 4.1%
  
  
  
Mitsubishi UFJ Financial Group Inc
 
8,421,700
188,111,284
Mizuho Financial Group Inc
 
2,223,800
115,291,134
TOTAL FINANCIALS
  
  
303,402,418
Health Care - 2.5%
  
  
  
Health Care Equipment & Supplies - 1.9%
  
  
  
Hoya Corp
 
893,731
136,666,686
Pharmaceuticals - 0.6%
  
  
  
Takeda Pharmaceutical Co Ltd
 
1,392,300
47,805,514
TOTAL HEALTH CARE
  
  
184,472,200
Industrials - 5.6%
  
  
  
Industrial Conglomerates - 2.3%
  
  
  
Hitachi Ltd
 
5,106,250
167,334,648
Machinery - 3.3%
  
  
  
Daifuku Co Ltd
 
573,100
21,110,835
Ebara Corp
 
1,810,800
61,472,319
Kawasaki Heavy Industries Ltd
 
3,290,000
56,208,532
Mitsubishi Heavy Industries Ltd
 
4,703,100
109,875,413
 
  
  
248,667,099
TOTAL INDUSTRIALS
  
  
416,001,747
Information Technology - 4.4%
  
  
  
Semiconductors & Semiconductor Equipment - 4.4%
  
  
  
Advantest Corp
 
879,350
173,743,682
Disco Corp
 
138,500
49,504,665
Kioxia Holdings Corp (a)
  
131,900
36,765,336
Renesas Electronics Corp
 
3,499,800
70,149,147
TOTAL INFORMATION TECHNOLOGY
  
  
330,162,830
TOTAL JAPAN
  
  
1,526,998,189
NETHERLANDS - 6.9%
 
  
  
Consumer Staples - 0.3%
  
  
  
Food Products - 0.3%
  
  
  
Magnum Ice Cream Co NV/The (a)
  
1,016,500
18,984,578
Information Technology - 6.6%
  
  
  
Semiconductors & Semiconductor Equipment - 6.6%
  
  
  
ASM International NV
 
137,883
127,390,625
ASML Holding NV
 
220,915
364,055,876
TOTAL INFORMATION TECHNOLOGY
  
  
491,446,501
TOTAL NETHERLANDS
  
  
510,431,079
PHILIPPINES - 0.3%
 
  
  
Industrials - 0.3%
  
  
  
Transportation Infrastructure - 0.3%
  
  
  
International Container Terminal Services Inc
 
1,254,000
19,691,446
SPAIN - 8.4%
 
  
  
Financials - 5.9%
  
  
  
Banks - 5.9%
  
  
  
Banco Santander SA
 
17,418,100
247,724,998
CaixaBank SA
 
13,131,600
190,754,179
TOTAL FINANCIALS
  
  
438,479,177
Utilities - 2.5%
  
  
  
Electric Utilities - 2.5%
  
  
  
Iberdrola SA
 
7,850,912
186,950,215
TOTAL SPAIN
  
  
625,429,392
SWEDEN - 2.5%
 
  
  
Health Care - 0.4%
  
  
  
Life Sciences Tools & Services - 0.4%
  
  
  
AddLife AB B Shares
 
1,622,288
27,531,636
Industrials - 2.1%
  
  
  
Building Products - 1.2%
  
  
  
Assa Abloy AB B Shares
 
2,302,300
85,428,648
Machinery - 0.9%
  
  
  
Indutrade AB
 
2,898,441
72,687,794
TOTAL INDUSTRIALS
  
  
158,116,442
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
Kry International Ab (a)(b)(c)
  
136,880
1,216,970
TOTAL SWEDEN
  
  
186,865,048
SWITZERLAND - 2.3%
 
  
  
Financials - 1.8%
  
  
  
Insurance - 1.8%
  
  
  
Zurich Insurance Group AG
 
171,449
130,597,536
Health Care - 0.5%
  
  
  
Pharmaceuticals - 0.5%
  
  
  
Galderma Group AG
 
171,990
37,427,002
TOTAL SWITZERLAND
  
  
168,024,538
TAIWAN - 2.3%
 
  
  
Industrials - 0.2%
  
  
  
Electrical Equipment - 0.2%
  
  
  
Bizlink Holding Inc
 
237,000
15,096,607
Information Technology - 2.1%
  
  
  
Semiconductors & Semiconductor Equipment - 2.1%
  
  
  
Taiwan Semiconductor Manufacturing Co Ltd
 
2,128,300
157,493,394
TOTAL TAIWAN
  
  
172,590,001
UNITED KINGDOM - 15.8%
 
  
  
Consumer Discretionary - 1.4%
  
  
  
Hotels, Restaurants & Leisure - 1.4%
  
  
  
Compass Group PLC
 
3,227,752
102,352,016
Consumer Staples - 1.9%
  
  
  
Tobacco - 1.9%
  
  
  
British American Tobacco PLC
 
2,337,700
141,807,090
Financials - 2.5%
  
  
  
Banks - 2.5%
  
  
  
NatWest Group PLC
 
19,665,900
185,501,182
Health Care - 1.9%
  
  
  
Pharmaceuticals - 1.9%
  
  
  
Astrazeneca PLC
 
808,089
137,575,358
Industrials - 6.0%
  
  
  
Aerospace & Defense - 4.7%
  
  
  
BAE Systems PLC
 
4,261,800
120,648,717
Rolls-Royce Holdings PLC
 
11,548,700
230,392,619
 
  
  
351,041,336
Trading Companies & Distributors - 1.3%
  
  
  
Diploma PLC
 
982,662
96,944,814
TOTAL INDUSTRIALS
  
  
447,986,150
Information Technology - 1.2%
  
  
  
Electronic Equipment, Instruments & Components - 1.2%
  
  
  
Halma PLC
 
1,902,149
90,495,832
Utilities - 0.9%
  
  
  
Electric Utilities - 0.9%
  
  
  
SSE PLC
 
2,178,374
68,822,319
TOTAL UNITED KINGDOM
  
  
1,174,539,947
UNITED STATES - 11.2%
 
  
  
Consumer Discretionary - 1.8%
  
  
  
Hotels, Restaurants & Leisure - 1.8%
  
  
  
InterContinental Hotels Group PLC
 
811,291
130,374,464
Energy - 0.6%
  
  
  
Oil, Gas & Consumable Fuels - 0.6%
  
  
  
Shell PLC
 
1,052,500
48,174,720
Health Care - 2.1%
  
  
  
Pharmaceuticals - 2.1%
  
  
  
Roche Holding AG
 
360,342
157,606,446
Industrials - 4.2%
  
  
  
Commercial Services & Supplies - 1.1%
  
  
  
Waste Connections Inc
 
506,600
84,866,387
Electrical Equipment - 3.1%
  
  
  
Schneider Electric SE
 
671,200
225,513,541
TOTAL INDUSTRIALS
  
  
310,379,928
Materials - 2.5%
  
  
  
Construction Materials - 2.5%
  
  
  
CRH PLC
 
1,006,100
95,589,561
Holcim AG
 
1,015,430
92,225,602
TOTAL MATERIALS
  
  
187,815,163
TOTAL UNITED STATES
  
  
834,350,721
 
TOTAL COMMON STOCKS
 (Cost $5,081,217,821)
  
  
  
7,227,801,518
 
  
  
  
Money Market Funds - 2.7%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (d)
 (Cost $204,480,474)
  
3.69
204,445,224
204,486,113
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.1%
 (Cost $5,285,698,295)
 
  
 
7,432,287,631
NET OTHER ASSETS (LIABILITIES) - (0.1)%  
(8,348,801)
NET ASSETS - 100.0%
7,423,938,830
 
  
 
Legend
 
(a)
Non-income producing.
 
(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 $1,216,970 or 0.0% of net assets.
 
(c)
Level 3 security.
 
(d)
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 ($)
 
Kry International Ab
5/14/2021 - 10/30/2024
9,051,566
 
  
  
 
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.
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
Fidelity Cash Central Fund
87,424,296
2,081,413,377
1,964,344,938
3,434,736
(12,261)
5,639
204,486,113
204,445,224
Fidelity Securities Lending Cash Central Fund
3,756,000
553,490,607
557,241,230
104,408
(5,377)
-
-
-
 
91,180,296
2,634,903,984
2,521,586,168
3,539,144
(17,638)
5,639
204,486,113
  
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium income received for lending certain types of securities.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
 
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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