Quarterly Holdings Report
for
Fidelity® Worldwide Fund
July 31, 2026
WLD-NPRT3-0926
1.804829.122
Common Stocks - 97.3%
 
  
Shares
Value ($)
 
AUSTRALIA - 1.3%
 
  
  
Consumer Discretionary - 0.1%
  
  
  
Specialty Retail - 0.1%
  
  
  
Lovisa Holdings Ltd
 
310,528
5,176,017
Financials - 0.7%
  
  
  
Capital Markets - 0.2%
  
  
  
Pinnacle Investment Management Group Ltd
 
792,979
8,850,291
Insurance - 0.5%
  
  
  
Generation Development Group Ltd
 
1,841,011
5,251,460
Steadfast Group Ltd
 
1,409,422
5,036,923
Suncorp Group Ltd
 
606,346
8,158,237
 
  
  
18,446,620
TOTAL FINANCIALS
  
  
27,296,911
Industrials - 0.3%
  
  
  
Aerospace & Defense - 0.1%
  
  
  
DroneShield Ltd (a)(c)(g)
  
4,435,116
5,283,247
Commercial Services & Supplies - 0.2%
  
  
  
Brambles Ltd
 
420,019
5,765,897
TOTAL INDUSTRIALS
  
  
11,049,144
Materials - 0.2%
  
  
  
Metals & Mining - 0.2%
  
  
  
Deterra Royalties Ltd
 
2,088,759
6,358,559
TOTAL AUSTRALIA
  
  
49,880,631
AUSTRIA - 0.2%
 
  
  
Materials - 0.2%
  
  
  
Construction Materials - 0.2%
  
  
  
Wienerberger AG
 
277,300
6,798,278
BELGIUM - 0.8%
 
  
  
Financials - 0.4%
  
  
  
Banks - 0.4%
  
  
  
KBC Group NV
 
95,200
13,684,062
Health Care - 0.4%
  
  
  
Pharmaceuticals - 0.4%
  
  
  
UCB SA
 
63,000
16,193,340
TOTAL BELGIUM
  
  
29,877,402
CANADA - 3.0%
 
  
  
Energy - 2.1%
  
  
  
Energy Equipment & Services - 0.1%
  
  
  
TerraVest Industries Inc
 
45,900
3,740,170
Oil, Gas & Consumable Fuels - 2.0%
  
  
  
PrairieSky Royalty Ltd
 
3,202,200
79,195,544
TOTAL ENERGY
  
  
82,935,714
Financials - 0.4%
  
  
  
Banks - 0.4%
  
  
  
Royal Bank of Canada
 
80,000
16,744,160
Information Technology - 0.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.1%
  
  
  
Celestica Inc (a)
  
13,700
4,533,309
Software - 0.0%
  
  
  
Constellation Software Inc/Canada warrants 3/31/2040 (a)(b)
  
3,700
0
TOTAL INFORMATION TECHNOLOGY
  
  
4,533,309
Materials - 0.4%
  
  
  
Metals & Mining - 0.4%
  
  
  
Franco-Nevada Corp
 
66,500
14,147,705
TOTAL CANADA
  
  
118,360,888
CHINA - 1.0%
 
  
  
Consumer Discretionary - 0.4%
  
  
  
Automobiles - 0.3%
  
  
  
BYD Co Ltd H Shares
 
1,051,400
12,569,319
Hotels, Restaurants & Leisure - 0.1%
  
  
  
Luckin Coffee Inc ADR (a)
  
101,400
3,549,000
TOTAL CONSUMER DISCRETIONARY
  
  
16,118,319
Industrials - 0.6%
  
  
  
Electrical Equipment - 0.4%
  
  
  
Contemporary Amperex Technology Co Ltd A Shares (China)
 
223,500
13,095,345
Machinery - 0.2%
  
  
  
Airtac International Group
 
221,000
8,954,789
TOTAL INDUSTRIALS
  
  
22,050,134
TOTAL CHINA
  
  
38,168,453
DENMARK - 0.3%
 
  
  
Industrials - 0.3%
  
  
  
Air Freight & Logistics - 0.3%
  
  
  
DSV A/S
 
61,646
13,322,996
FINLAND - 0.2%
 
  
  
Information Technology - 0.1%
  
  
  
Communications Equipment - 0.1%
  
  
  
Nokia Oyj
 
577,200
5,335,020
Materials - 0.1%
  
  
  
Paper & Forest Products - 0.1%
  
  
  
UPM-Kymmene Oyj
 
152,400
4,146,162
TOTAL FINLAND
  
  
9,481,182
FRANCE - 0.6%
 
  
  
Consumer Staples - 0.4%
  
  
  
Food Products - 0.4%
  
  
  
Danone SA
 
204,400
15,899,485
Industrials - 0.2%
  
  
  
Aerospace & Defense - 0.2%
  
  
  
Airbus SE
 
40,000
9,390,348
TOTAL FRANCE
  
  
25,289,833
GERMANY - 0.9%
 
  
  
Health Care - 0.3%
  
  
  
Health Care Providers & Services - 0.3%
  
  
  
Fresenius SE & Co KGaA
 
212,300
10,911,637
Industrials - 0.6%
  
  
  
Electrical Equipment - 0.0%
  
  
  
Innio NV
 
8,600
210,012
Industrial Conglomerates - 0.6%
  
  
  
Siemens AG
 
73,400
24,049,259
TOTAL INDUSTRIALS
  
  
24,259,271
TOTAL GERMANY
  
  
35,170,908
GREECE - 0.1%
 
  
  
Consumer Staples - 0.1%
  
  
  
Food Products - 0.1%
  
  
  
Kri-Kri Milk Industry SA
 
120,968
3,926,763
INDONESIA - 0.4%
 
  
  
Financials - 0.4%
  
  
  
Banks - 0.4%
  
  
  
Bank Central Asia Tbk PT
 
49,813,300
17,458,317
IRELAND - 1.0%
 
  
  
Financials - 0.7%
  
  
  
Banks - 0.7%
  
  
  
AIB Group PLC
 
2,258,000
26,702,099
Industrials - 0.3%
  
  
  
Building Products - 0.3%
  
  
  
Kingspan Group PLC
 
136,300
12,613,241
TOTAL IRELAND
  
  
39,315,340
ITALY - 1.4%
 
  
  
Consumer Discretionary - 0.5%
  
  
  
Hotels, Restaurants & Leisure - 0.2%
  
  
  
Lottomatica Group Spa
 
275,429
7,457,505
Textiles, Apparel & Luxury Goods - 0.3%
  
  
  
Prada Spa (c)
  
1,860,500
10,262,832
TOTAL CONSUMER DISCRETIONARY
  
  
17,720,337
Financials - 0.4%
  
  
  
Banks - 0.2%
  
  
  
Intesa Sanpaolo SpA
 
1,182,000
8,935,108
Financial Services - 0.2%
  
  
  
BFF Bank SpA (a)(c)(g)(h)
  
1,820,326
6,129,398
TOTAL FINANCIALS
  
  
15,064,506
Health Care - 0.4%
  
  
  
Pharmaceuticals - 0.4%
  
  
  
Recordati Industria Chimica e Farmaceutica SpA
 
235,460
14,024,044
Industrials - 0.1%
  
  
  
Machinery - 0.1%
  
  
  
Interpump Group SpA
 
160,100
6,413,674
TOTAL ITALY
  
  
53,222,561
JAPAN - 4.0%
 
  
  
Communication Services - 0.3%
  
  
  
Entertainment - 0.3%
  
  
  
Nintendo Co Ltd
 
250,000
11,925,543
Consumer Discretionary - 1.0%
  
  
  
Household Durables - 0.4%
  
  
  
Panasonic Holdings Corp
 
559,700
14,799,849
Specialty Retail - 0.6%
  
  
  
Fast Retailing Co Ltd
 
25,900
12,682,434
USS Co Ltd
 
790,100
9,978,076
 
  
  
22,660,510
TOTAL CONSUMER DISCRETIONARY
  
  
37,460,359
Consumer Staples - 0.3%
  
  
  
Food Products - 0.3%
  
  
  
Kotobuki Spirits Co Ltd
 
660,100
10,524,228
Health Care - 0.3%
  
  
  
Pharmaceuticals - 0.3%
  
  
  
Takeda Pharmaceutical Co Ltd
 
285,300
9,795,959
Industrials - 1.0%
  
  
  
Commercial Services & Supplies - 0.2%
  
  
  
Japan Elevator Service Holdings Co Ltd
 
626,800
6,643,074
Machinery - 0.4%
  
  
  
Daifuku Co Ltd
 
315,100
11,607,091
Ebara Corp
 
168,700
5,726,961
 
  
  
17,334,052
Trading Companies & Distributors - 0.4%
  
  
  
ITOCHU Corp
 
1,352,600
16,974,605
TOTAL INDUSTRIALS
  
  
40,951,731
Information Technology - 0.6%
  
  
  
Semiconductors & Semiconductor Equipment - 0.6%
  
  
  
Kioxia Holdings Corp (a)
  
36,500
10,173,880
Lasertec Corp
 
33,600
7,719,006
Renesas Electronics Corp
 
333,231
6,679,202
TOTAL INFORMATION TECHNOLOGY
  
  
24,572,088
Materials - 0.2%
  
  
  
Chemicals - 0.2%
  
  
  
NOF Corp
 
546,685
9,498,874
Real Estate - 0.3%
  
  
  
Real Estate Management & Development - 0.3%
  
  
  
Katitas Co Ltd
 
468,000
9,915,922
TOTAL JAPAN
  
  
154,644,704
KOREA (SOUTH) - 0.1%
 
  
  
Information Technology - 0.1%
  
  
  
Semiconductors & Semiconductor Equipment - 0.1%
  
  
  
SK Hynix Inc
 
4,350
4,880,994
LUXEMBOURG - 0.0%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobile Components - 0.0%
  
  
  
Novem Group SA (a)
  
174,476
535,184
NETHERLANDS - 1.2%
 
  
  
Information Technology - 1.2%
  
  
  
Semiconductors & Semiconductor Equipment - 1.2%
  
  
  
ASML Holding NV
 
28,000
46,142,473
NORWAY - 0.8%
 
  
  
Energy - 0.5%
  
  
  
Energy Equipment & Services - 0.5%
  
  
  
TGS ASA
 
1,394,549
18,746,035
Financials - 0.2%
  
  
  
Insurance - 0.2%
  
  
  
Storebrand ASA A Shares
 
445,500
9,467,022
Information Technology - 0.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.1%
  
  
  
General Oceans AS
 
1,522,000
3,500,880
TOTAL NORWAY
  
  
31,713,937
POLAND - 0.1%
 
  
  
Industrials - 0.1%
  
  
  
Aerospace & Defense - 0.1%
  
  
  
Creotech Instruments SA (a)
  
15,400
2,786,771
SINGAPORE - 0.2%
 
  
  
Information Technology - 0.2%
  
  
  
Semiconductors & Semiconductor Equipment - 0.2%
  
  
  
STMicroelectronics NV
 
160,800
8,469,356
SPAIN - 1.9%
 
  
  
Financials - 1.9%
  
  
  
Banks - 1.9%
  
  
  
Banco Santander SA
 
1,786,900
25,413,782
Bankinter SA
 
1,402,400
25,761,639
CaixaBank SA
 
1,678,500
24,382,473
 
  
  
  
TOTAL SPAIN
  
  
75,557,894
SWEDEN - 1.3%
 
  
  
Consumer Discretionary - 0.2%
  
  
  
Specialty Retail - 0.2%
  
  
  
Haypp Group AB (a)
  
607,852
8,426,253
Financials - 0.6%
  
  
  
Banks - 0.6%
  
  
  
Noba
 
540,500
4,716,930
Swedbank AB A1 Shares
 
471,350
18,859,544
TOTAL FINANCIALS
  
  
23,576,474
Health Care - 0.5%
  
  
  
Life Sciences Tools & Services - 0.5%
  
  
  
AddLife AB B Shares
 
1,042,024
17,684,052
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
Kry International Ab (a)(b)(d)
  
22,735
202,131
Materials - 0.0%
  
  
  
Metals & Mining - 0.0%
  
  
  
Alleima AB
 
38,665
458,838
TOTAL SWEDEN
  
  
50,347,748
SWITZERLAND - 0.1%
 
  
  
Industrials - 0.1%
  
  
  
Electrical Equipment - 0.1%
  
  
  
Huber + Suhner AG
 
8,710
2,040,539
TAIWAN - 4.4%
 
  
  
Industrials - 0.1%
  
  
  
Electrical Equipment - 0.1%
  
  
  
Bizlink Holding Inc
 
67,000
4,267,817
Information Technology - 4.3%
  
  
  
Electronic Equipment, Instruments & Components - 0.3%
  
  
  
E Ink Holdings Inc
 
1,806,000
10,454,926
Semiconductors & Semiconductor Equipment - 4.0%
  
  
  
Taiwan Semiconductor Manufacturing Co Ltd
 
315,000
23,309,881
Taiwan Semiconductor Manufacturing Co Ltd ADR
 
330,000
133,402,501
 
  
  
156,712,382
TOTAL INFORMATION TECHNOLOGY
  
  
167,167,308
TOTAL TAIWAN
  
  
171,435,125
UNITED KINGDOM - 5.2%
 
  
  
Communication Services - 0.6%
  
  
  
Diversified Telecommunication Services - 0.4%
  
  
  
Zegona Communications plc
 
778,000
15,329,794
Interactive Media & Services - 0.2%
  
  
  
MONY Group PLC
 
3,108,000
8,231,005
TOTAL COMMUNICATION SERVICES
  
  
23,560,799
Consumer Discretionary - 0.7%
  
  
  
Household Durables - 0.1%
  
  
  
Beauty Tech Group PLC/The (a)
  
724,300
3,445,899
Leisure Products - 0.6%
  
  
  
Games Workshop Group PLC
 
90,242
23,254,443
TOTAL CONSUMER DISCRETIONARY
  
  
26,700,342
Consumer Staples - 1.1%
  
  
  
Beverages - 0.2%
  
  
  
Diageo PLC
 
391,173
8,593,419
Food Products - 0.2%
  
  
  
Cranswick PLC
 
100,300
7,232,094
Tobacco - 0.7%
  
  
  
British American Tobacco PLC
 
434,600
26,363,247
TOTAL CONSUMER STAPLES
  
  
42,188,760
Financials - 2.2%
  
  
  
Banks - 0.7%
  
  
  
NatWest Group PLC
 
2,749,700
25,936,906
Financial Services - 0.1%
  
  
  
Revolut Group Holdings Ltd (a)(b)(d)
  
3,936
7,564,087
Insurance - 1.4%
  
  
  
Admiral Group PLC
 
350,700
17,828,581
Hiscox Ltd
 
703,447
17,150,599
Sabre Insurance Group PLC (g)(h)
  
7,362,608
18,119,317
 
  
  
53,098,497
TOTAL FINANCIALS
  
  
86,599,490
Health Care - 0.1%
  
  
  
Pharmaceuticals - 0.1%
  
  
  
GSK PLC
 
277,200
7,207,993
Industrials - 0.5%
  
  
  
Aerospace & Defense - 0.4%
  
  
  
Rolls-Royce Holdings PLC
 
645,700
12,881,494
Trading Companies & Distributors - 0.1%
  
  
  
RS GROUP PLC
 
572,095
5,408,853
TOTAL INDUSTRIALS
  
  
18,290,347
TOTAL UNITED KINGDOM
  
  
204,547,731
UNITED STATES - 66.8%
 
  
  
Communication Services - 6.4%
  
  
  
Interactive Media & Services - 6.4%
  
  
  
Alphabet Inc Class A
 
571,000
203,350,230
Meta Platforms Inc Class A
 
84,000
46,763,640
TOTAL COMMUNICATION SERVICES
  
  
250,113,870
Consumer Discretionary - 9.7%
  
  
  
Automobiles - 1.1%
  
  
  
Rivian Automotive Inc Class A (a)
  
65,100
990,822
Tesla Inc (a)
  
129,100
40,177,211
Waymo LLC Class B (b)(d)
  
400
65,728
 
  
  
41,233,761
Broadline Retail - 4.3%
  
  
  
Amazon.com Inc (a)
  
622,000
168,922,761
Hotels, Restaurants & Leisure - 0.8%
  
  
  
Flutter Entertainment PLC (a)(c)
  
35,600
3,719,132
Flutter Entertainment PLC (United Kingdom) (a)
  
100,600
10,288,087
Starbucks Corp
 
35,000
3,683,750
Viking Holdings Ltd (a)
  
146,000
15,235,100
 
  
  
32,926,069
Household Durables - 2.0%
  
  
  
Garmin Ltd
 
67,000
19,683,260
Leggett & Platt Inc
 
742,034
7,271,933
Somnigroup International Inc (c)
  
764,000
49,912,120
 
  
  
76,867,313
Textiles, Apparel & Luxury Goods - 1.5%
  
  
  
Ralph Lauren Corp Class A
 
156,000
59,333,040
TOTAL CONSUMER DISCRETIONARY
  
  
379,282,944
Consumer Staples - 0.1%
  
  
  
Tobacco - 0.1%
  
  
  
Philip Morris International Inc
 
19,000
3,625,580
Financials - 7.6%
  
  
  
Banks - 2.5%
  
  
  
Citigroup Inc
 
743,000
98,410,350
Capital Markets - 3.2%
  
  
  
Bank of New York Mellon Corp/The
 
357,026
55,813,875
Robinhood Markets Inc Class A (a)
  
768,000
66,478,080
 
  
  
122,291,955
Financial Services - 0.0%
  
  
  
Stripe Global Holdings Inc (b)(d)
  
10,000
659,800
Insurance - 1.9%
  
  
  
Chubb Ltd
 
211,000
73,993,480
TOTAL FINANCIALS
  
  
295,355,585
Health Care - 9.2%
  
  
  
Health Care Providers & Services - 2.7%
  
  
  
CVS Health Corp
 
192,000
20,050,560
UnitedHealth Group Inc
 
203,000
84,123,200
 
  
  
104,173,760
Pharmaceuticals - 6.5%
  
  
  
Eli Lilly & Co
 
138,000
158,539,920
Jazz Pharmaceuticals PLC (a)
  
18,000
4,551,480
Johnson & Johnson
 
237,000
60,754,950
Roche Holding AG
 
20,990
9,180,610
VeraDermics Inc (c)
  
208,000
21,840,000
 
  
  
254,866,960
TOTAL HEALTH CARE
  
  
359,040,720
Industrials - 9.8%
  
  
  
Aerospace & Defense - 1.4%
  
  
  
Boeing Co (a)
  
259,000
55,980,260
Building Products - 0.6%
  
  
  
Modine Manufacturing Co (a)
  
121,000
24,328,260
Electrical Equipment - 0.5%
  
  
  
Schneider Electric SE
 
55,600
18,680,800
Ground Transportation - 0.8%
  
  
  
Old Dominion Freight Line Inc
 
147,000
31,184,580
Machinery - 5.0%
  
  
  
Cummins Inc
 
192,000
121,766,400
PACCAR Inc
 
529,000
70,187,720
 
  
  
191,954,120
Passenger Airlines - 0.3%
  
  
  
United Airlines Holdings Inc (a)
  
104,000
12,618,320
Trading Companies & Distributors - 1.2%
  
  
  
QXO Inc (a)
  
105,000
1,396,500
United Rentals Inc
 
15,000
16,188,900
WW Grainger Inc
 
22,000
30,408,840
 
  
  
47,994,240
TOTAL INDUSTRIALS
  
  
382,740,580
Information Technology - 22.3%
  
  
  
Communications Equipment - 0.1%
  
  
  
Ciena Corp (a)
  
14,000
5,278,700
Electronic Equipment, Instruments & Components - 3.3%
  
  
  
Corning Inc
 
29,000
4,009,250
Flex Ltd (a)
  
1,084,000
123,305,000
Vast Data Ltd (a)(b)(d)
  
25,607
1,516,447
 
  
  
128,830,697
Semiconductors & Semiconductor Equipment - 7.4%
  
  
  
Cerebras Systems Inc (e)
  
16,500
3,114,779
Cerebras Systems Inc Class A (a)
  
124,100
24,659,911
Intel Corp (a)
  
298,000
26,879,600
Micron Technology Inc
 
400
329,212
NVIDIA Corp
 
1,159,000
232,669,250
 
  
  
287,652,752
Software - 0.1%
  
  
  
Microsoft Corp
 
1,000
464,720
Palantir Technologies Inc Class A (a)
  
41,000
5,045,460
 
  
  
5,510,180
Technology Hardware, Storage & Peripherals - 11.4%
  
  
  
Apple Inc
 
650,000
200,791,500
Dell Technologies Inc Class C
 
66,000
26,754,420
Everpure Inc Class A (a)
  
277,600
21,422,392
Seagate Technology Holdings PLC
 
112,000
95,886,560
Western Digital Corp
 
180,000
98,071,200
 
  
  
442,926,072
TOTAL INFORMATION TECHNOLOGY
  
  
870,198,401
Materials - 1.7%
  
  
  
Metals & Mining - 1.7%
  
  
  
Steel Dynamics Inc
 
265,000
66,583,900
TOTAL UNITED STATES
  
  
2,606,941,580
 
TOTAL COMMON STOCKS
 (Cost $2,798,440,255)
  
  
  
3,800,317,588
 
  
  
  
Convertible Preferred Stocks - 1.3%
 
  
Shares
Value ($)
 
CHINA - 0.1%
 
  
  
Communication Services - 0.1%
  
  
  
Interactive Media & Services - 0.1%
  
  
  
Bytedance Ltd Series E1 (a)(b)(d)
  
14,425
4,767,030
Health Care - 0.0%
  
  
  
Health Care Providers & Services - 0.0%
  
  
  
dMed Biopharmaceutical Co Ltd Series C (a)(b)(d)
  
120,600
886,410
TOTAL CHINA
  
  
5,653,440
ISRAEL - 0.0%
 
  
  
Industrials - 0.0%
  
  
  
Electrical Equipment - 0.0%
  
  
  
Element Labs Inc Series C (b)(d)
  
49,400
1,365,416
UNITED STATES - 1.2%
 
  
  
Consumer Discretionary - 0.0%
  
  
  
Automobiles - 0.0%
  
  
  
Waymo LLC Series D-2 (b)(d)
  
1,400
230,048
Financials - 0.0%
  
  
  
Financial Services - 0.0%
  
  
  
Stripe Global Holdings Inc Series H (b)(d)
  
29,122
1,921,470
Industrials - 0.1%
  
  
  
Aerospace & Defense - 0.1%
  
  
  
Anduril Industries Inc Series H (b)(d)
  
44,500
3,068,275
Information Technology - 1.1%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
Vast Data Ltd Series B (a)(b)(d)
  
5,660
335,185
Vast Data Ltd Series F (b)(d)
  
2,501
148,109
 
  
  
483,294
Software - 1.1%
  
  
  
Anthropic PBC Series F (b)(d)
  
24,300
14,312,943
Anthropic PBC Series G (b)(d)
  
12,100
7,127,021
Anthropic PBC Series H (b)(d)
  
6,900
4,064,169
Databricks Inc Series K (b)(d)
  
2,500
600,600
Databricks Inc Series L (b)(d)
  
26,200
6,294,288
Lyte AI Inc Series C (b)(d)
  
63,200
2,326,392
OpenAI Group Pbc Series A-3 (b)(d)
  
4,152
2,855,289
 
  
  
37,580,702
TOTAL INFORMATION TECHNOLOGY
  
  
38,063,996
TOTAL UNITED STATES
  
  
43,283,789
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $29,222,471)
  
  
  
50,302,645
 
  
  
  
Money Market Funds - 2.6%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (i)
  
3.69
68,482,477
68,496,173
Fidelity Securities Lending Cash Central Fund (f)(i)
  
3.72
32,892,310
32,895,599
 
TOTAL MONEY MARKET FUNDS
 (Cost $101,387,005)
  
  
  
101,391,772
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 101.2%
 (Cost $2,929,049,731)
 
  
 
3,952,012,005
NET OTHER ASSETS (LIABILITIES) - (1.2)%  
(46,387,576)
NET ASSETS - 100.0%
3,905,624,429
 
  
 
Legend
 
(a)
Non-income producing.
 
(b)
Level 3 security.
 
(c)
Security or a portion of the security is on loan at period end.
 
(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 $60,310,838 or 1.5% 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 $3,114,779 with varying restriction expiration dates. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
 
(f)
Investment made with cash collateral received from securities on loan.
 
(g)
Security 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 $29,531,962 or 0.8% of net assets.
 
(h)
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 $24,248,715 or 0.6% of net assets.
 
(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.
 
At period end, the value of non-cash collateral for securities on loan amounted to $6,160,256.
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Anduril Industries Inc Series H
5/12/2026
3,068,395
 
  
  
Anthropic PBC Series F
8/18/2025
3,425,513
 
  
  
Anthropic PBC Series G
1/27/2026
3,135,550
 
  
  
Anthropic PBC Series H
5/28/2026
4,064,167
 
  
  
Bytedance Ltd Series E1
11/18/2020
1,580,607
 
  
  
Databricks Inc Series K
9/8/2025
375,000
 
  
  
Databricks Inc Series L
12/18/2025
4,978,000
 
  
  
dMed Biopharmaceutical Co Ltd Series C
12/1/2020
1,712,900
 
  
  
Element Labs Inc Series C
4/16/2026
1,370,464
 
  
  
Kry International Ab
5/14/2021 - 10/30/2024
1,503,523
 
  
  
Lyte AI Inc Series C
6/24/2026
2,328,218
 
  
  
OpenAI Group Pbc Series A-3
8/4/2025
1,274,200
 
  
  
Revolut Group Holdings Ltd
12/27/2024
3,423,355
 
  
  
Stripe Global Holdings Inc
5/18/2021
401,284
 
  
  
Stripe Global Holdings Inc Series H
3/15/2021 - 5/25/2023
1,168,520
 
  
  
Vast Data Ltd
2/27/2026 - 4/17/2026
1,488,973
 
  
  
Vast Data Ltd Series B
4/17/2026
329,113
 
  
  
Vast Data Ltd Series F
2/27/2026
181,782
 
  
  
Waymo LLC Class B
4/22/2026
65,726
 
  
  
Waymo LLC Series D-2
2/2/2026
230,042
 
  
  
Additional information on each lock-up restriction is as follows:
Security
Restriction Expiration Date
Cerebras Systems Inc
11/10/2026
 
  
 
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
25,569,862
1,017,977,518
975,051,185
879,998
(4,271)
4,249
68,496,173
68,482,477
Fidelity Securities Lending Cash Central Fund
17,819,217
596,071,758
580,994,954
247,309
(422)
-
32,895,599
32,892,310
 
43,389,079
1,614,049,276
1,556,046,139
1,127,307
(4,693)
4,249
101,391,772
  
 
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.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
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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