Quarterly Holdings Report
for
Fidelity® Total International Equity Fund
July 31, 2026
TIE-NPRT3-0926
1.863105.118
Common Stocks - 100.7%
 
 
Shares
Value ($)
 
ARGENTINA - 0.3%
 
 
 
Energy - 0.3%
 
 
 
Oil, Gas & Consumable Fuels - 0.3%
 
 
 
YPF SA Class D ADR (a)(c)
 
148,007
7,776,288
AUSTRALIA - 1.5%
 
 
 
Financials - 0.2%
 
 
 
Capital Markets - 0.2%
 
 
 
Macquarie Group Ltd
 
24,041
4,267,731
Insurance - 0.0%
 
 
 
AUB Group Ltd
 
33,083
644,658
Steadfast Group Ltd
 
200,212
715,508
 
 
 
1,360,166
TOTAL FINANCIALS
 
 
5,627,897
Materials - 1.3%
 
 
 
Metals & Mining - 1.3%
 
 
 
Anglogold Ashanti Plc
 
134,563
10,673,537
Glencore PLC
 
710,240
5,231,165
Imdex Ltd
 
268,970
694,825
Rio Tinto PLC
 
125,535
12,198,194
TOTAL MATERIALS
 
 
28,797,721
Real Estate - 0.0%
 
 
 
Retail REITs - 0.0%
 
 
 
Charter Hall Retail REIT
 
277,622
784,692
TOTAL AUSTRALIA
 
 
35,210,310
AUSTRIA - 0.8%
 
 
 
Financials - 0.8%
 
 
 
Banks - 0.8%
 
 
 
Erste Group Bank AG
 
140,436
18,267,258
BELGIUM - 1.3%
 
 
 
Financials - 1.2%
 
 
 
Banks - 1.2%
 
 
 
KBC Ancora
 
30,805
3,147,319
KBC Group NV
 
161,410
23,201,097
TOTAL FINANCIALS
 
 
26,348,416
Health Care - 0.1%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
Fagron
 
18,600
497,607
Pharmaceuticals - 0.1%
 
 
 
UCB SA
 
8,450
2,171,964
TOTAL HEALTH CARE
 
 
2,669,571
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
Melexis NV
 
5,700
448,933
Real Estate - 0.0%
 
 
 
Industrial REITs - 0.0%
 
 
 
Warehouses De Pauw CVA
 
35,900
924,005
TOTAL BELGIUM
 
 
30,390,925
BRAZIL - 1.0%
 
 
 
Energy - 0.4%
 
 
 
Oil, Gas & Consumable Fuels - 0.4%
 
 
 
PRIO SA/Brazil (c)
 
700,303
8,406,428
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Itau Unibanco Holding SA
 
750,130
6,346,838
Industrials - 0.0%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Orizon Valorizacao de Residuos SA (c)
 
47,300
657,832
Materials - 0.3%
 
 
 
Metals & Mining - 0.3%
 
 
 
Vale SA ADR
 
467,373
7,038,637
TOTAL BRAZIL
 
 
22,449,735
CANADA - 8.0%
 
 
 
Consumer Discretionary - 0.4%
 
 
 
Broadline Retail - 0.4%
 
 
 
Dollarama Inc
 
60,700
8,268,987
Consumer Staples - 0.5%
 
 
 
Consumer Staples Distribution & Retail - 0.5%
 
 
 
Alimentation Couche-Tard Inc
 
192,543
12,500,152
North West Co Inc/The
 
9,100
330,089
TOTAL CONSUMER STAPLES
 
 
12,830,241
Energy - 1.2%
 
 
 
Oil, Gas & Consumable Fuels - 1.2%
 
 
 
Canadian Natural Resources Ltd
 
271,841
12,949,704
Suncor Energy Inc
 
237,026
15,917,272
TOTAL ENERGY
 
 
28,866,976
Financials - 2.6%
 
 
 
Banks - 1.8%
 
 
 
Royal Bank of Canada
 
125,552
26,278,284
Toronto Dominion Bank
 
111,462
13,360,969
 
 
 
39,639,253
Capital Markets - 0.4%
 
 
 
Brookfield Asset Management Ltd Class A (a)
 
106,833
5,167,704
Onex Corp Subordinate Voting Shares
 
9,400
719,760
TMX Group Ltd
 
120,236
4,394,830
 
 
 
10,282,294
Insurance - 0.4%
 
 
 
Intact Financial Corp
 
50,128
9,842,517
TOTAL FINANCIALS
 
 
59,764,064
Health Care - 0.2%
 
 
 
Pharmaceuticals - 0.2%
 
 
 
Apotex Health Corp
 
189,131
4,937,899
Industrials - 1.4%
 
 
 
Commercial Services & Supplies - 0.2%
 
 
 
BOYD GROUP SERVICES INC
 
36,486
3,771,578
Ground Transportation - 0.9%
 
 
 
Canadian Pacific Kansas City Ltd
 
229,491
20,384,648
Professional Services - 0.3%
 
 
 
Thomson Reuters Corp (a)
 
83,673
8,208,233
Trading Companies & Distributors - 0.0%
 
 
 
Richelieu Hardware Ltd
 
30,742
777,623
TOTAL INDUSTRIALS
 
 
33,142,082
Information Technology - 0.4%
 
 
 
Software - 0.4%
 
 
 
Constellation Software Inc/Canada
 
4,374
9,369,817
Constellation Software Inc/Canada warrants 3/31/2040 (c)(d)
 
921
0
Lumine Group Inc Subordinate Voting Shares (b)(c)
 
22,100
382,141
TOTAL INFORMATION TECHNOLOGY
 
 
9,751,958
Materials - 1.3%
 
 
 
Metals & Mining - 1.3%
 
 
 
Agnico Eagle Mines Ltd/CA
 
25,518
3,704,693
Franco-Nevada Corp
 
121,488
25,846,261
OR Royalties Inc
 
22,105
656,913
TOTAL MATERIALS
 
 
30,207,867
TOTAL CANADA
 
 
187,770,074
CHILE - 0.7%
 
 
 
Financials - 0.4%
 
 
 
Banks - 0.4%
 
 
 
Banco de Chile
 
42,954,582
8,949,430
Materials - 0.3%
 
 
 
Metals & Mining - 0.3%
 
 
 
Antofagasta PLC
 
151,151
7,445,737
TOTAL CHILE
 
 
16,395,167
CHINA - 9.7%
 
 
 
Communication Services - 1.5%
 
 
 
Interactive Media & Services - 1.5%
 
 
 
Tencent Holdings Ltd
 
575,100
35,140,327
Consumer Discretionary - 1.0%
 
 
 
Automobiles - 0.5%
 
 
 
BYD Co Ltd H Shares
 
995,783
11,904,426
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Shangri-La Asia Ltd
 
390,093
205,930
Household Durables - 0.5%
 
 
 
Haier Smart Home Co Ltd A Shares (China)
 
3,135,037
10,756,347
TOTAL CONSUMER DISCRETIONARY
 
 
22,866,703
Energy - 0.3%
 
 
 
Oil, Gas & Consumable Fuels - 0.3%
 
 
 
China Petroleum & Chemical Corp H Shares
 
11,537,508
6,517,286
Financials - 1.4%
 
 
 
Banks - 0.5%
 
 
 
China Construction Bank Corp H Shares
 
9,409,102
11,040,884
Insurance - 0.9%
 
 
 
China Life Insurance Co Ltd H Shares
 
4,480,494
16,682,448
PICC Property & Casualty Co Ltd H Shares
 
2,281,119
4,770,268
 
 
 
21,452,716
TOTAL FINANCIALS
 
 
32,493,600
Health Care - 0.6%
 
 
 
Life Sciences Tools & Services - 0.3%
 
 
 
Wuxi Apptec Co Ltd H Shares (a)(b)(e)
 
364,998
7,479,238
Pharmaceuticals - 0.3%
 
 
 
Consun Pharmaceutical Group Ltd
 
300,000
523,692
Hansoh Pharmaceutical Group Co Ltd (b)(e)
 
1,587,749
6,515,067
 
 
 
7,038,759
TOTAL HEALTH CARE
 
 
14,517,997
Industrials - 2.9%
 
 
 
Electrical Equipment - 1.2%
 
 
 
Contemporary Amperex Technology Co Ltd A Shares (China)
 
268,712
15,744,413
Ningbo Deye Technology Corp A Shares (China)
 
531,112
6,439,156
Qingdao TGOOD Electric Co Ltd A Shares (China)
 
1,522,563
7,887,896
 
 
 
30,071,465
Machinery - 1.7%
 
 
 
Airtac International Group
 
167,813
6,799,684
First Tractor Co Ltd H Shares (a)
 
8,108,771
9,160,934
Sany Heavy Equipment International Holdings Co Ltd
 
12,039,336
11,406,237
Sany Heavy Industry Co Ltd A Shares (China)
 
2,430,803
7,398,641
Zhejiang Sanhua Intelligent Controls Co Ltd A Shares (China)
 
826,955
4,593,329
 
 
 
39,358,825
TOTAL INDUSTRIALS
 
 
69,430,290
Information Technology - 0.9%
 
 
 
Electronic Equipment, Instruments & Components - 0.9%
 
 
 
Luxshare Precision Industry Co Ltd A Shares (China)
 
1,810,600
15,421,028
Sunny Optical Technology Group Co Ltd
 
879,000
6,282,254
TOTAL INFORMATION TECHNOLOGY
 
 
21,703,282
Materials - 1.1%
 
 
 
Metals & Mining - 1.1%
 
 
 
Aluminum Corp of China Ltd A Shares (China)
 
5,183,070
7,367,456
MMG Ltd (c)
 
5,567,827
5,956,603
Zijin Mining Group Co Ltd A Shares (China)
 
2,689,727
13,152,717
TOTAL MATERIALS
 
 
26,476,776
TOTAL CHINA
 
 
229,146,261
DENMARK - 0.2%
 
 
 
Industrials - 0.2%
 
 
 
Air Freight & Logistics - 0.2%
 
 
 
DSV A/S
 
20,826
4,500,936
FINLAND - 0.6%
 
 
 
Financials - 0.3%
 
 
 
Insurance - 0.3%
 
 
 
Mandatum Holding Oy
 
93,193
638,882
Sampo Oyj A Shares
 
538,687
5,964,211
TOTAL FINANCIALS
 
 
6,603,093
Industrials - 0.2%
 
 
 
Machinery - 0.2%
 
 
 
Kone Oyj B Shares
 
98,948
5,716,505
Information Technology - 0.1%
 
 
 
Communications Equipment - 0.1%
 
 
 
Nokia Oyj
 
150,387
1,390,017
Utilities - 0.0%
 
 
 
Electric Utilities - 0.0%
 
 
 
Fortum Oyj
 
60,702
1,380,720
TOTAL FINLAND
 
 
15,090,335
FRANCE - 6.5%
 
 
 
Communication Services - 0.4%
 
 
 
Diversified Telecommunication Services - 0.3%
 
 
 
Orange SA
 
406,269
7,762,865
Entertainment - 0.0%
 
 
 
Vivendi SE
 
580,613
1,068,576
Media - 0.1%
 
 
 
Canal+ SA
 
421,564
1,494,268
TOTAL COMMUNICATION SERVICES
 
 
10,325,709
Consumer Discretionary - 0.2%
 
 
 
Automobile Components - 0.0%
 
 
 
Valeo SE
 
26,593
456,305
Textiles, Apparel & Luxury Goods - 0.2%
 
 
 
LVMH Moet Hennessy Louis Vuitton SE
 
9,215
5,060,282
TOTAL CONSUMER DISCRETIONARY
 
 
5,516,587
Consumer Staples - 0.3%
 
 
 
Food Products - 0.3%
 
 
 
Danone SA
 
87,927
6,839,501
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Gaztransport Et Technigaz SA
 
3,400
767,283
TotalEnergies SE
 
30,444
2,682,839
TOTAL ENERGY
 
 
3,450,122
Financials - 1.2%
 
 
 
Banks - 0.6%
 
 
 
BNP Paribas SA
 
90,741
11,530,344
Societe Generale SA Series A
 
28,910
2,717,443
 
 
 
14,247,787
Insurance - 0.6%
 
 
 
AXA SA
 
273,431
14,171,829
TOTAL FINANCIALS
 
 
28,419,616
Industrials - 3.1%
 
 
 
Aerospace & Defense - 2.0%
 
 
 
Airbus SE
 
101,117
23,738,097
LISI SA
 
9,533
695,856
Safran SA
 
52,925
20,798,538
 
 
 
45,232,491
Building Products - 0.3%
 
 
 
Cie de Saint-Gobain SA
 
72,135
6,779,761
Commercial Services & Supplies - 0.0%
 
 
 
Elis SA
 
39,200
1,120,142
Electrical Equipment - 0.7%
 
 
 
Legrand SA
 
98,551
14,982,635
Ground Transportation - 0.0%
 
 
 
Stef SA
 
2,492
389,092
Trading Companies & Distributors - 0.1%
 
 
 
Rexel SA
 
81,816
3,381,365
TOTAL INDUSTRIALS
 
 
71,885,486
Information Technology - 0.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.0%
 
 
 
SOITEC (c)
 
2,200
263,840
Materials - 0.9%
 
 
 
Chemicals - 0.9%
 
 
 
Air Liquide SA
 
103,791
20,447,713
Real Estate - 0.1%
 
 
 
Industrial REITs - 0.1%
 
 
 
ARGAN SA
 
8,477
740,965
Retail REITs - 0.0%
 
 
 
Carmila SA
 
28,100
547,619
TOTAL REAL ESTATE
 
 
1,288,584
Utilities - 0.2%
 
 
 
Multi-Utilities - 0.2%
 
 
 
Veolia Environnement SA
 
115,731
4,605,326
TOTAL FRANCE
 
 
153,042,484
GEORGIA - 0.3%
 
 
 
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Lion Finance Group PLC
 
47,563
7,442,362
GERMANY - 4.0%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobiles - 0.1%
 
 
 
Bayerische Motoren Werke AG
 
32,012
2,189,038
Specialty Retail - 0.0%
 
 
 
Auto1 Group SE (c)
 
50,900
1,325,341
TOTAL CONSUMER DISCRETIONARY
 
 
3,514,379
Financials - 0.7%
 
 
 
Banks - 0.1%
 
 
 
Commerzbank AG
 
38,906
1,713,821
Capital Markets - 0.1%
 
 
 
Deutsche Bank AG
 
84,861
3,119,207
Insurance - 0.5%
 
 
 
Hannover Rueck SE
 
21,842
6,311,888
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen
 
10,733
6,447,315
 
 
 
12,759,203
TOTAL FINANCIALS
 
 
17,592,231
Health Care - 0.3%
 
 
 
Health Care Providers & Services - 0.2%
 
 
 
Fresenius SE & Co KGaA
 
87,688
4,506,923
Pharmaceuticals - 0.1%
 
 
 
Bayer AG
 
64,949
3,604,395
TOTAL HEALTH CARE
 
 
8,111,318
Industrials - 1.8%
 
 
 
Aerospace & Defense - 0.7%
 
 
 
Rheinmetall AG
 
11,408
15,080,796
Air Freight & Logistics - 0.3%
 
 
 
Deutsche Post AG
 
122,837
8,205,733
Industrial Conglomerates - 0.8%
 
 
 
Siemens AG
 
48,321
15,832,210
TOTAL INDUSTRIALS
 
 
39,118,739
Information Technology - 0.0%
 
 
 
Electronic Equipment, Instruments & Components - 0.0%
 
 
 
LPKF Laser & Electronics SE (c)
 
6,600
108,454
Materials - 0.4%
 
 
 
Construction Materials - 0.4%
 
 
 
Heidelberg Materials AG
 
48,011
8,937,969
Real Estate - 0.1%
 
 
 
Real Estate Management & Development - 0.1%
 
 
 
Vonovia SE
 
131,963
3,201,509
Utilities - 0.6%
 
 
 
Independent Power and Renewable Electricity Producers - 0.2%
 
 
 
RWE AG
 
98,306
6,482,014
Multi-Utilities - 0.4%
 
 
 
E.ON SE
 
396,714
8,546,519
TOTAL UTILITIES
 
 
15,028,533
TOTAL GERMANY
 
 
95,613,132
GREECE - 0.6%
 
 
 
Financials - 0.6%
 
 
 
Banks - 0.6%
 
 
 
Eurobank SA
 
2,504,887
12,853,872
Industrials - 0.0%
 
 
 
Construction & Engineering - 0.0%
 
 
 
GEK TERNA SA
 
7,200
375,447
Transportation Infrastructure - 0.0%
 
 
 
Athens International Airport SA
 
30,041
365,817
TOTAL INDUSTRIALS
 
 
741,264
TOTAL GREECE
 
 
13,595,136
HONG KONG - 0.2%
 
 
 
Financials - 0.2%
 
 
 
Insurance - 0.2%
 
 
 
Prudential PLC
 
288,025
4,328,598
HUNGARY - 0.9%
 
 
 
Financials - 0.4%
 
 
 
Banks - 0.4%
 
 
 
OTP Bank Nyrt
 
68,318
10,109,691
Health Care - 0.5%
 
 
 
Pharmaceuticals - 0.5%
 
 
 
Richter Gedeon Nyrt
 
289,475
10,796,039
TOTAL HUNGARY
 
 
20,905,730
INDIA - 2.3%
 
 
 
Energy - 0.1%
 
 
 
Oil, Gas & Consumable Fuels - 0.1%
 
 
 
Reliance Industries Ltd GDR (e)
 
33,034
1,806,960
Financials - 0.8%
 
 
 
Banks - 0.8%
 
 
 
ICICI Bank Ltd
 
440,022
6,614,893
State Bank of India
 
1,040,599
11,202,309
TOTAL FINANCIALS
 
 
17,817,202
Industrials - 0.5%
 
 
 
Construction & Engineering - 0.5%
 
 
 
Larsen & Toubro Ltd
 
286,320
11,812,622
Information Technology - 0.5%
 
 
 
IT Services - 0.5%
 
 
 
Infosys Ltd ADR (a)
 
981,600
11,808,648
Materials - 0.2%
 
 
 
Construction Materials - 0.2%
 
 
 
JK Cement Ltd
 
97,748
5,575,156
Utilities - 0.2%
 
 
 
Independent Power and Renewable Electricity Producers - 0.2%
 
 
 
NTPC Ltd
 
1,584,076
5,762,173
TOTAL INDIA
 
 
54,582,761
INDONESIA - 0.8%
 
 
 
Financials - 0.5%
 
 
 
Banks - 0.5%
 
 
 
Bank Central Asia Tbk PT
 
36,319,120
12,728,944
Materials - 0.3%
 
 
 
Construction Materials - 0.3%
 
 
 
Semen Indonesia Persero Tbk PT
 
88,193,393
7,157,375
TOTAL INDONESIA
 
 
19,886,319
IRELAND - 0.0%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Household Durables - 0.0%
 
 
 
Cairn Homes PLC
 
139,389
391,691
Industrials - 0.0%
 
 
 
Building Products - 0.0%
 
 
 
Kingspan Group PLC
 
6,700
620,020
TOTAL IRELAND
 
 
1,011,711
ISRAEL - 0.2%
 
 
 
Financials - 0.0%
 
 
 
Capital Markets - 0.0%
 
 
 
Tel Aviv Stock Exchange Ltd
 
12,238
472,463
Health Care - 0.2%
 
 
 
Pharmaceuticals - 0.2%
 
 
 
Teva Pharmaceutical Industries Ltd ADR (c)
 
92,057
3,222,916
TOTAL ISRAEL
 
 
3,695,379
ITALY - 2.0%
 
 
 
Energy - 0.4%
 
 
 
Oil, Gas & Consumable Fuels - 0.4%
 
 
 
Eni SpA
 
334,338
9,300,176
Financials - 1.3%
 
 
 
Banks - 1.0%
 
 
 
BPER Banca SPA
 
381,017
6,181,932
UniCredit SpA
 
184,318
17,383,375
 
 
 
23,565,307
Insurance - 0.3%
 
 
 
Generali
 
149,979
7,600,792
TOTAL FINANCIALS
 
 
31,166,099
Industrials - 0.3%
 
 
 
Machinery - 0.1%
 
 
 
Interpump Group SpA
 
91,695
3,673,341
Passenger Airlines - 0.2%
 
 
 
Ryanair Holdings PLC ADR
 
69,287
4,053,983
TOTAL INDUSTRIALS
 
 
7,727,324
TOTAL ITALY
 
 
48,193,599
JAPAN - 12.1%
 
 
 
Communication Services - 0.1%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
LY Corp
 
435,984
1,214,758
Wireless Telecommunication Services - 0.1%
 
 
 
SoftBank Group Corp
 
63,761
1,985,996
TOTAL COMMUNICATION SERVICES
 
 
3,200,754
Consumer Discretionary - 1.3%
 
 
 
Automobile Components - 0.1%
 
 
 
Niterra Co Ltd
 
12,345
720,931
Toyo Tire Corp
 
25,600
679,025
 
 
 
1,399,956
Automobiles - 0.7%
 
 
 
Toyota Motor Corp
 
788,504
14,922,188
Hotels, Restaurants & Leisure - 0.0%
 
 
 
Curves Holdings Co Ltd
 
90,718
544,551
Household Durables - 0.3%
 
 
 
Panasonic Holdings Corp
 
224,784
5,943,844
Sumitomo Forestry Co Ltd
 
251,738
2,123,264
 
 
 
8,067,108
Specialty Retail - 0.2%
 
 
 
USS Co Ltd
 
364,403
4,602,001
TOTAL CONSUMER DISCRETIONARY
 
 
29,535,804
Consumer Staples - 0.1%
 
 
 
Consumer Staples Distribution & Retail - 0.0%
 
 
 
Kato Sangyo Co Ltd
 
10,000
399,295
Tsuruha Holdings Inc
 
68,800
1,050,285
 
 
 
1,449,580
Personal Care Products - 0.1%
 
 
 
Shiseido Co Ltd
 
94,422
1,865,179
TOTAL CONSUMER STAPLES
 
 
3,314,759
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Inpex Corp
 
154,938
3,571,114
Itochu Enex Co Ltd
 
23,600
320,112
Iwatani Corp
 
63,100
803,200
San-Ai Obbli Co Ltd
 
33,810
491,736
TOTAL ENERGY
 
 
5,186,162
Financials - 3.1%
 
 
 
Banks - 2.2%
 
 
 
Chiba Bank Ltd/The
 
124,802
2,028,664
Hachijuni Nagano Bank Ltd
 
104,750
1,627,609
Hokuhoku Financial Group Inc
 
31,713
1,467,321
Mitsubishi UFJ Financial Group Inc
 
1,133,673
25,322,285
Sumitomo Mitsui Financial Group Inc
 
489,788
21,045,670
 
 
 
51,491,549
Financial Services - 0.4%
 
 
 
ORIX Corp
 
257,962
10,411,180
Insurance - 0.5%
 
 
 
Tokio Marine Holdings Inc
 
217,410
11,080,605
TOTAL FINANCIALS
 
 
72,983,334
Health Care - 0.3%
 
 
 
Health Care Equipment & Supplies - 0.3%
 
 
 
Hoya Corp
 
51,800
7,921,102
Medikit Co Ltd
 
12,019
211,388
TOTAL HEALTH CARE
 
 
8,132,490
Industrials - 3.3%
 
 
 
Building Products - 0.2%
 
 
 
Daikin Industries Ltd
 
29,345
4,250,766
Commercial Services & Supplies - 0.2%
 
 
 
Daiei Kankyo Co Ltd
 
78,162
1,828,536
Japan Elevator Service Holdings Co Ltd
 
158,042
1,674,992
Park24 Co Ltd
 
62,900
778,527
 
 
 
4,282,055
Construction & Engineering - 0.1%
 
 
 
SHO-BOND Holdings Co Ltd
 
274,756
2,274,068
Industrial Conglomerates - 0.4%
 
 
 
Hitachi Ltd
 
290,209
9,510,310
Machinery - 1.5%
 
 
 
Daifuku Co Ltd
 
20,500
755,142
IHI Corp
 
35,000
611,973
Komatsu Ltd
 
166,900
7,241,835
MINEBEA MITSUMI Inc
 
65,043
1,481,298
Mitsubishi Heavy Industries Ltd
 
865,763
20,226,249
SMC Corp
 
7,570
3,270,697
Tocalo Co Ltd
 
28,100
504,003
 
 
 
34,091,197
Trading Companies & Distributors - 0.9%
 
 
 
ITOCHU Corp
 
846,313
10,620,900
Mitsui & Co Ltd
 
225,131
6,907,984
Sojitz Corp
 
20,000
668,210
Sumitomo Corp
 
216,461
2,246,857
 
 
 
20,443,951
TOTAL INDUSTRIALS
 
 
74,852,347
Information Technology - 3.1%
 
 
 
Electronic Equipment, Instruments & Components - 1.0%
 
 
 
Azbil Corp
 
845,111
8,751,141
Keyence Corp
 
23,884
11,979,905
Maruwa Co Ltd/Aichi
 
1,300
440,187
Murata Manufacturing Co Ltd
 
18,502
843,032
Rigaku Holdings Corp
 
29,633
375,045
Shimadzu Corp
 
36,300
923,201
 
 
 
23,312,511
IT Services - 0.0%
 
 
 
TISI Inc
 
62,782
1,505,159
Semiconductors & Semiconductor Equipment - 2.1%
 
 
 
Advantest Corp
 
110,700
21,872,322
Disco Corp
 
33,200
11,866,822
Lasertec Corp
 
41,700
9,579,837
Micronics Japan Co Ltd
 
2,300
187,548
Renesas Electronics Corp
 
199,226
3,993,238
Shibaura Mechatronics Corp
 
35,000
932,486
 
 
 
48,432,253
TOTAL INFORMATION TECHNOLOGY
 
 
73,249,923
Materials - 0.3%
 
 
 
Chemicals - 0.3%
 
 
 
Nissan Chemical Corp
 
14,300
664,701
Shin-Etsu Chemical Co Ltd
 
146,422
5,219,965
SK Kaken Co Ltd
 
10,988
604,219
Toyo Gosei Co Ltd
 
2,300
182,333
 
 
 
6,671,218
Construction Materials - 0.0%
 
 
 
Maeda Kosen Co Ltd
 
18,600
229,096
Containers & Packaging - 0.0%
 
 
 
FP Corp
 
23,500
372,769
Fuji Seal International Inc
 
21,900
412,583
 
 
 
785,352
TOTAL MATERIALS
 
 
7,685,666
Real Estate - 0.2%
 
 
 
Real Estate Management & Development - 0.2%
 
 
 
Sumitomo Realty & Development Co Ltd
 
148,347
3,325,100
Tokyo Tatemono Co Ltd
 
29,700
626,707
TOTAL REAL ESTATE
 
 
3,951,807
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
Shikoku Electric Power Co Inc
 
118,600
1,230,740
TOTAL JAPAN
 
 
283,323,786
KOREA (SOUTH) - 4.4%
 
 
 
Consumer Discretionary - 0.2%
 
 
 
Automobile Components - 0.2%
 
 
 
Hyundai Mobis Co Ltd
 
14,588
4,661,398
Energy - 0.4%
 
 
 
Oil, Gas & Consumable Fuels - 0.4%
 
 
 
S-Oil Corp
 
103,060
9,119,220
Financials - 0.0%
 
 
 
Insurance - 0.0%
 
 
 
Hyundai Marine & Fire Insurance Co Ltd (c)
 
16,480
433,118
Seoul Guarantee Insurance Co
 
9,830
290,303
TOTAL FINANCIALS
 
 
723,421
Industrials - 0.5%
 
 
 
Aerospace & Defense - 0.3%
 
 
 
Korea Aerospace Industries Ltd
 
80,187
7,053,984
Machinery - 0.2%
 
 
 
Hyundai Rotem Co Ltd
 
55,309
5,078,358
TOTAL INDUSTRIALS
 
 
12,132,342
Information Technology - 3.3%
 
 
 
Semiconductors & Semiconductor Equipment - 0.5%
 
 
 
SK Hynix Inc
 
10,209
11,455,189
Technology Hardware, Storage & Peripherals - 2.8%
 
 
 
Samsung Electronics Co Ltd
 
385,915
66,366,678
TOTAL INFORMATION TECHNOLOGY
 
 
77,821,867
TOTAL KOREA (SOUTH)
 
 
104,458,248
MALAYSIA - 0.3%
 
 
 
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
CIMB Group Holdings Bhd
 
3,505,357
6,769,505
MEXICO - 0.9%
 
 
 
Communication Services - 0.5%
 
 
 
Wireless Telecommunication Services - 0.5%
 
 
 
America Movil SAB de CV ADR
 
393,767
9,981,994
Consumer Staples - 0.2%
 
 
 
Consumer Staples Distribution & Retail - 0.2%
 
 
 
Wal-Mart de Mexico SAB de CV Series V
 
1,948,343
5,652,833
Financials - 0.2%
 
 
 
Banks - 0.2%
 
 
 
Regional SAB de CV
 
651,251
5,347,782
TOTAL MEXICO
 
 
20,982,609
NETHERLANDS - 3.2%
 
 
 
Consumer Staples - 0.1%
 
 
 
Food Products - 0.1%
 
 
 
Magnum Ice Cream Co NV/The (c)
 
127,900
2,388,714
Industrials - 0.1%
 
 
 
Machinery - 0.1%
 
 
 
Aalberts NV
 
60,946
2,991,112
Information Technology - 3.0%
 
 
 
Semiconductors & Semiconductor Equipment - 3.0%
 
 
 
ASML Holding NV
 
39,472
65,047,705
BE Semiconductor Industries NV
 
17,957
4,105,185
 
 
 
69,152,890
Software - 0.0%
 
 
 
Nebius Group NV Class A (c)
 
4,471
851,323
TOTAL INFORMATION TECHNOLOGY
 
 
70,004,213
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
CTP NV (b)(e)
 
31,600
567,727
TOTAL NETHERLANDS
 
 
75,951,766
NORWAY - 0.1%
 
 
 
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
TGS ASA
 
65,900
885,852
Industrials - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Kongsberg Gruppen ASA
 
60,000
1,875,178
TOTAL NORWAY
 
 
2,761,030
PHILIPPINES - 0.0%
 
 
 
Industrials - 0.0%
 
 
 
Transportation Infrastructure - 0.0%
 
 
 
International Container Terminal Services Inc
 
32,226
506,042
PORTUGAL - 0.3%
 
 
 
Energy - 0.2%
 
 
 
Oil, Gas & Consumable Fuels - 0.2%
 
 
 
Galp Energia SGPS SA
 
217,395
4,937,173
Financials - 0.1%
 
 
 
Banks - 0.1%
 
 
 
Banco Comercial Portugues SA
 
2,539,198
3,118,401
TOTAL PORTUGAL
 
 
8,055,574
RUSSIA - 0.0%
 
 
 
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
LUKOIL PJSC ADR (c)(d)
 
15,040
0
SAUDI ARABIA - 0.9%
 
 
 
Energy - 0.6%
 
 
 
Oil, Gas & Consumable Fuels - 0.6%
 
 
 
Saudi Arabian Oil Co (b)(e)
 
2,082,464
14,683,437
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
Al Rajhi Bank
 
417,168
6,948,171
TOTAL SAUDI ARABIA
 
 
21,631,608
SINGAPORE - 0.3%
 
 
 
Communication Services - 0.0%
 
 
 
Diversified Telecommunication Services - 0.0%
 
 
 
Singapore Telecommunications Ltd
 
584,874
2,023,605
Financials - 0.3%
 
 
 
Banks - 0.3%
 
 
 
United Overseas Bank Ltd
 
182,188
6,161,433
TOTAL SINGAPORE
 
 
8,185,038
SOUTH AFRICA - 1.9%
 
 
 
Communication Services - 0.4%
 
 
 
Wireless Telecommunication Services - 0.4%
 
 
 
MTN Group Ltd
 
767,814
9,518,642
Consumer Staples - 0.5%
 
 
 
Consumer Staples Distribution & Retail - 0.5%
 
 
 
Shoprite Holdings Ltd
 
672,951
11,704,622
Energy - 0.0%
 
 
 
Oil, Gas & Consumable Fuels - 0.0%
 
 
 
Thungela Resources Ltd (United Kingdom)
 
28,433
173,016
Financials - 0.4%
 
 
 
Financial Services - 0.4%
 
 
 
FirstRand Ltd
 
1,705,594
10,200,428
Materials - 0.6%
 
 
 
Metals & Mining - 0.6%
 
 
 
Anglo American PLC
 
72,199
3,654,822
Valterra Platinum Ltd
 
116,765
8,743,446
Valterra Platinum Ltd (United Kingdom)
 
19,289
1,446,719
TOTAL MATERIALS
 
 
13,844,987
TOTAL SOUTH AFRICA
 
 
45,441,695
SPAIN - 1.5%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Automobile Components - 0.0%
 
 
 
CIE Automotive SA
 
12,200
372,110
Consumer Staples - 0.0%
 
 
 
Food Products - 0.0%
 
 
 
Viscofan SA
 
6,415
424,614
Financials - 1.5%
 
 
 
Banks - 1.5%
 
 
 
Banco Santander SA
 
1,926,652
27,401,373
Bankinter SA
 
334,736
6,148,993
TOTAL FINANCIALS
 
 
33,550,366
Industrials - 0.0%
 
 
 
Commercial Services & Supplies - 0.0%
 
 
 
Befesa SA (b)(e)
 
12,300
495,722
Materials - 0.0%
 
 
 
Containers & Packaging - 0.0%
 
 
 
Vidrala SA
 
4,900
494,978
TOTAL SPAIN
 
 
35,337,790
SWEDEN - 3.7%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Automobile Components - 0.1%
 
 
 
Autoliv Inc
 
26,217
3,229,148
Broadline Retail - 0.0%
 
 
 
Rusta AB
 
99,400
921,221
TOTAL CONSUMER DISCRETIONARY
 
 
4,150,369
Financials - 0.4%
 
 
 
Financial Services - 0.4%
 
 
 
Investor AB B Shares
 
201,431
8,694,224
Industrials - 2.9%
 
 
 
Building Products - 0.7%
 
 
 
Assa Abloy AB B Shares
 
427,607
15,866,693
Machinery - 1.8%
 
 
 
Atlas Copco AB A Shares
 
922,652
19,495,478
Beijer Alma AB B Shares
 
19,000
594,610
Epiroc AB A Shares
 
696,395
17,853,225
Volvo AB B Shares
 
128,747
4,924,797
 
 
 
42,868,110
Trading Companies & Distributors - 0.4%
 
 
 
AddTech AB B Shares
 
194,759
7,089,062
Bergman & Beving AB B Shares
 
52,618
1,514,076
 
 
 
8,603,138
TOTAL INDUSTRIALS
 
 
67,337,941
Information Technology - 0.3%
 
 
 
Electronic Equipment, Instruments & Components - 0.3%
 
 
 
Lagercrantz Group AB B Shares
 
268,149
6,307,931
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Alleima AB
 
53,149
630,719
Real Estate - 0.0%
 
 
 
Real Estate Management & Development - 0.0%
 
 
 
John Mattson Fastighetsforetagen AB
 
2,567
16,093
TOTAL SWEDEN
 
 
87,137,277
SWITZERLAND - 3.2%
 
 
 
Consumer Staples - 0.3%
 
 
 
Food Products - 0.3%
 
 
 
Nestle SA
 
71,860
7,182,483
Financials - 1.8%
 
 
 
Capital Markets - 1.1%
 
 
 
UBS Group AG
 
400,524
21,080,211
UBS Group AG (United States)
 
83,161
4,385,911
 
 
 
25,466,122
Insurance - 0.7%
 
 
 
Swiss Life Holding AG
 
3,439
4,061,546
Zurich Insurance Group AG
 
18,187
13,853,551
 
 
 
17,915,097
TOTAL FINANCIALS
 
 
43,381,219
Industrials - 1.1%
 
 
 
Electrical Equipment - 0.8%
 
 
 
ABB Ltd
 
189,430
18,688,963
Huber + Suhner AG
 
1,426
334,076
 
 
 
19,023,039
Machinery - 0.3%
 
 
 
Schindler Holding AG
 
1,028
314,713
Schindler Holding AG participation certificate
 
19,595
6,170,929
 
 
 
6,485,642
TOTAL INDUSTRIALS
 
 
25,508,681
TOTAL SWITZERLAND
 
 
76,072,383
TAIWAN - 7.3%
 
 
 
Consumer Discretionary - 0.0%
 
 
 
Textiles, Apparel & Luxury Goods - 0.0%
 
 
 
Eclat Textile Co Ltd
 
57,869
619,271
Industrials - 0.0%
 
 
 
Electrical Equipment - 0.0%
 
 
 
Bizlink Holding Inc
 
7,800
496,850
Information Technology - 7.3%
 
 
 
Electronic Equipment, Instruments & Components - 0.7%
 
 
 
Delta Electronics Inc
 
207,180
10,197,495
Yageo Corp
 
386,719
5,823,328
 
 
 
16,020,823
Semiconductors & Semiconductor Equipment - 6.6%
 
 
 
ASE Technology Holding Co Ltd
 
696,702
11,894,397
eMemory Technology Inc
 
63,231
4,752,913
MediaTek Inc
 
264,314
28,169,844
Taiwan Semiconductor Manufacturing Co Ltd
 
1,483,804
109,800,935
 
 
 
154,618,089
TOTAL INFORMATION TECHNOLOGY
 
 
170,638,912
TOTAL TAIWAN
 
 
171,755,033
TURKEY - 0.5%
 
 
 
Industrials - 0.5%
 
 
 
Electrical Equipment - 0.5%
 
 
 
Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS
 
1,991,151
12,382,167
UNITED ARAB EMIRATES - 0.3%
 
 
 
Energy - 0.3%
 
 
 
Oil, Gas & Consumable Fuels - 0.3%
 
 
 
Adnoc Gas PLC
 
6,801,531
6,110,823
UNITED KINGDOM - 8.5%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Trustpilot Group PLC (b)(c)(e)
 
190,400
694,391
Consumer Discretionary - 1.2%
 
 
 
Hotels, Restaurants & Leisure - 0.7%
 
 
 
Compass Group PLC
 
465,193
14,751,270
Household Durables - 0.2%
 
 
 
Barratt Redrow PLC
 
1,442,982
5,734,722
Leisure Products - 0.3%
 
 
 
Games Workshop Group PLC
 
24,372
6,280,416
Specialty Retail - 0.0%
 
 
 
JD Sports Fashion PLC
 
582,489
702,305
TOTAL CONSUMER DISCRETIONARY
 
 
27,468,713
Consumer Staples - 0.8%
 
 
 
Tobacco - 0.8%
 
 
 
British American Tobacco PLC
 
182,965
11,098,830
Imperial Brands PLC
 
230,336
8,741,453
TOTAL CONSUMER STAPLES
 
 
19,840,283
Energy - 0.0%
 
 
 
Energy Equipment & Services - 0.0%
 
 
 
Subsea 7 SA
 
21,500
722,300
Financials - 2.0%
 
 
 
Banks - 1.8%
 
 
 
HSBC Holdings PLC
 
826,107
17,592,206
Lloyds Banking Group PLC
 
9,494,862
14,675,420
Metro Bank Holdings PLC (c)
 
282,891
674,841
Standard Chartered PLC
 
295,321
8,731,936
 
 
 
41,674,403
Capital Markets - 0.0%
 
 
 
St James's Place PLC
 
63,685
904,234
Insurance - 0.2%
 
 
 
Beazley PLC
 
291,386
5,067,994
TOTAL FINANCIALS
 
 
47,646,631
Health Care - 1.1%
 
 
 
Pharmaceuticals - 1.1%
 
 
 
Astrazeneca PLC
 
109,425
18,629,363
GSK PLC
 
276,292
7,184,383
TOTAL HEALTH CARE
 
 
25,813,746
Industrials - 3.1%
 
 
 
Aerospace & Defense - 2.8%
 
 
 
BAE Systems PLC
 
1,149,880
32,552,336
Rolls-Royce Holdings PLC
 
1,607,740
32,073,864
 
 
 
64,626,200
Machinery - 0.0%
 
 
 
Spirax Group PLC
 
6,865
642,573
Marine Transportation - 0.0%
 
 
 
Clarkson PLC
 
8,388
534,723
Trading Companies & Distributors - 0.3%
 
 
 
Diploma PLC
 
17,000
1,677,140
Howden Joinery Group PLC
 
349,688
3,716,138
 
 
 
5,393,278
TOTAL INDUSTRIALS
 
 
71,196,774
Information Technology - 0.1%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Oxford Instruments PLC
 
62,661
2,307,211
Materials - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Hill & Smith PLC
 
52,300
2,008,889
Utilities - 0.1%
 
 
 
Electric Utilities - 0.1%
 
 
 
SSE PLC
 
78,892
2,492,469
TOTAL UNITED KINGDOM
 
 
200,191,407
UNITED STATES - 9.2%
 
 
 
Consumer Discretionary - 0.7%
 
 
 
Hotels, Restaurants & Leisure - 0.7%
 
 
 
InterContinental Hotels Group PLC ADR
 
99,905
16,212,583
Consumer Staples - 0.2%
 
 
 
Consumer Staples Distribution & Retail - 0.2%
 
 
 
PriceSmart Inc
 
27,367
5,306,735
Energy - 1.3%
 
 
 
Energy Equipment & Services - 0.3%
 
 
 
Tenaris SA ADR
 
109,036
6,251,034
Oil, Gas & Consumable Fuels - 1.0%
 
 
 
BP PLC
 
550,728
4,137,710
Shell PLC ADR
 
218,226
20,072,428
 
 
 
24,210,138
TOTAL ENERGY
 
 
30,461,172
Financials - 0.2%
 
 
 
Financial Services - 0.2%
 
 
 
Mastercard Inc Class A
 
3,456
1,980,634
Visa Inc Class A
 
5,403
1,978,200
TOTAL FINANCIALS
 
 
3,958,834
Health Care - 1.1%
 
 
 
Biotechnology - 0.0%
 
 
 
Legend Biotech Corp ADR (c)
 
7,500
139,125
Health Care Equipment & Supplies - 0.0%
 
 
 
Anteris Technologies Global Corp (c)
 
63,200
495,488
Pharmaceuticals - 1.1%
 
 
 
Roche Holding AG
 
57,285
25,055,323
TOTAL HEALTH CARE
 
 
25,689,936
Industrials - 2.7%
 
 
 
Commercial Services & Supplies - 0.4%
 
 
 
GFL Environmental Inc Subordinate Voting Shares
 
217,069
8,963,958
Electrical Equipment - 2.2%
 
 
 
GE Vernova Inc
 
25,274
25,028,589
Schneider Electric SE
 
80,259
26,965,870
 
 
 
51,994,459
Trading Companies & Distributors - 0.1%
 
 
 
Ferguson Enterprises Inc
 
15,267
3,577,516
TOTAL INDUSTRIALS
 
 
64,535,933
Materials - 3.0%
 
 
 
Chemicals - 1.0%
 
 
 
Linde PLC
 
37,705
18,037,318
Sherwin-Williams Co/The
 
15,437
5,261,701
 
 
 
23,299,019
Construction Materials - 2.0%
 
 
 
Amrize Ltd
 
56,179
2,757,354
CRH PLC
 
279,196
26,526,413
Holcim AG
 
208,987
18,981,074
 
 
 
48,264,841
TOTAL MATERIALS
 
 
71,563,860
TOTAL UNITED STATES
 
 
217,729,053
ZAMBIA - 0.2%
 
 
 
Materials - 0.2%
 
 
 
Metals & Mining - 0.2%
 
 
 
First Quantum Minerals Ltd (c)
 
145,858
4,043,258
 
TOTAL COMMON STOCKS
 (Cost $2,005,206,554)
 
 
 
2,378,120,592
 
 
 
 
Convertible Preferred Stocks - 0.1%
 
 
Shares
Value ($)
 
CHINA - 0.0%
 
 
 
Communication Services - 0.0%
 
 
 
Interactive Media & Services - 0.0%
 
 
 
Bytedance Ltd Series E1 (c)(d)(f)
 
577
190,681
UNITED STATES - 0.1%
 
 
 
Information Technology - 0.1%
 
 
 
Software - 0.1%
 
 
 
Anthropic PBC Series H (d)(f)
 
2,000
1,178,020
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $1,241,243)
 
 
 
1,368,701
 
 
 
 
Money Market Funds - 2.0%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (g)
 
3.69
26,370,743
26,376,017
Fidelity Securities Lending Cash Central Fund (g)(h)
 
3.72
21,624,186
21,626,349
 
TOTAL MONEY MARKET FUNDS
 (Cost $48,000,065)
 
 
 
48,002,366
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.8%
 (Cost $2,054,447,862)
 
 
 
2,427,491,659
NET OTHER ASSETS (LIABILITIES) - (2.8)%  
(66,482,833)
NET ASSETS - 100.0%
2,361,008,826
 
 
 
Legend
 
(a)
Security or a portion of the security is on loan at period end.
 
(b)
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 $30,817,723 or 1.3% of net assets.
 
(c)
Non-income producing.
 
(d)
Level 3 security.
 
(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 $32,242,542 or 1.4% 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 $1,368,701 or 0.1% 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.
 
At period end, the value of non-cash collateral for securities on loan amounted to $2,139,295.
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Anthropic PBC Series H
5/28/2026
1,178,019
 
 
 
Bytedance Ltd Series E1
11/18/2020
63,224
 
 
 
 
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
36,599,868
1,984,171,581
1,994,377,028
1,169,213
(20,702)
2,298
26,376,017
26,370,743
Fidelity Securities Lending Cash Central Fund
2,377,535
175,778,160
156,529,964
65,861
618
-
21,626,349
21,624,186
 
38,977,403
2,159,949,741
2,150,906,992
1,235,074
(20,084)
2,298
48,002,366
 
 
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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