Quarterly Holdings Report
for
Fidelity® International Discovery K6 Fund
July 31, 2026
IGI-K6-NPRT3-0926
1.9893914.107
Common Stocks - 96.4%
 
  
Shares
Value ($)
 
AUSTRALIA - 1.5%
 
  
  
Consumer Discretionary - 0.5%
  
  
  
Hotels, Restaurants & Leisure - 0.5%
  
  
  
Aristocrat Leisure Ltd
 
72,183
3,244,270
Industrials - 0.1%
  
  
  
Aerospace & Defense - 0.1%
  
  
  
DroneShield Ltd (b)(d)(f)
  
619,442
737,898
Information Technology - 0.3%
  
  
  
Electronic Equipment, Instruments & Components - 0.3%
  
  
  
Elsight Ltd (b)
  
402,521
1,585,338
Materials - 0.6%
  
  
  
Metals & Mining - 0.6%
  
  
  
Alurion Resources Ltd
 
150,232
94,283
Brazilian Rare Earths Ltd (b)
  
267,935
705,835
IperionX Ltd (b)(d)
  
1,199,329
2,552,264
IperionX Ltd ADR (b)
  
13,300
275,975
TOTAL MATERIALS
  
  
3,628,357
TOTAL AUSTRALIA
  
  
9,195,863
BELGIUM - 0.9%
 
  
  
Health Care - 0.9%
  
  
  
Pharmaceuticals - 0.9%
  
  
  
UCB SA
 
20,209
5,194,463
BRAZIL - 0.4%
 
  
  
Financials - 0.4%
  
  
  
Banks - 0.4%
  
  
  
NU Holdings Ltd/Cayman Islands Class A (b)
  
156,489
2,242,487
CANADA - 1.8%
 
  
  
Energy - 1.3%
  
  
  
Oil, Gas & Consumable Fuels - 1.3%
  
  
  
Cameco Corp
 
19,615
1,692,779
Canadian Natural Resources Ltd
 
126,248
6,014,083
TOTAL ENERGY
  
  
7,706,862
Financials - 0.3%
  
  
  
Insurance - 0.3%
  
  
  
Definity Financial Corp
 
32,404
1,849,907
Information Technology - 0.2%
  
  
  
IT Services - 0.2%
  
  
  
Shopify Inc Class A (b)
  
12,130
1,420,625
Software - 0.0%
  
  
  
Constellation Software Inc/Canada warrants 3/31/2040 (a)(b)
  
4,032
0
TOTAL INFORMATION TECHNOLOGY
  
  
1,420,625
TOTAL CANADA
  
  
10,977,394
CHINA - 4.5%
 
  
  
Communication Services - 1.2%
  
  
  
Interactive Media & Services - 1.2%
  
  
  
Tencent Holdings Ltd
 
121,830
7,444,177
Industrials - 1.1%
  
  
  
Electrical Equipment - 0.6%
  
  
  
Contemporary Amperex Technology Co Ltd A Shares (China)
 
49,744
2,914,608
Ningbo Deye Technology Corp A Shares (China)
 
50,184
608,426
 
  
  
3,523,034
Machinery - 0.5%
  
  
  
Airtac International Group
 
69,326
2,809,049
TOTAL INDUSTRIALS
  
  
6,332,083
Information Technology - 1.7%
  
  
  
Semiconductors & Semiconductor Equipment - 1.7%
  
  
  
Advanced Micro-Fabrication Equipment Inc China A Shares (China)
 
87,002
4,424,167
Montage Technology Co Ltd A Shares (China)
 
182,068
5,515,661
TOTAL INFORMATION TECHNOLOGY
  
  
9,939,828
Materials - 0.5%
  
  
  
Metals & Mining - 0.5%
  
  
  
Zijin Mining Group Co Ltd H Shares
 
700,924
2,970,865
TOTAL CHINA
  
  
26,686,953
DENMARK - 1.1%
 
  
  
Industrials - 1.1%
  
  
  
Air Freight & Logistics - 1.1%
  
  
  
DSV A/S
 
30,862
6,669,927
FINLAND - 0.5%
 
  
  
Information Technology - 0.5%
  
  
  
Communications Equipment - 0.5%
  
  
  
Nokia Oyj ADR
 
326,186
2,981,340
FRANCE - 3.4%
 
  
  
Communication Services - 0.3%
  
  
  
Diversified Telecommunication Services - 0.3%
  
  
  
Orange SA
 
99,273
1,896,878
Energy - 0.4%
  
  
  
Oil, Gas & Consumable Fuels - 0.4%
  
  
  
Gaztransport Et Technigaz SA
 
9,283
2,094,908
Financials - 0.6%
  
  
  
Insurance - 0.6%
  
  
  
AXA SA
 
72,121
3,738,005
Industrials - 2.1%
  
  
  
Aerospace & Defense - 2.1%
  
  
  
Dassault Aviation SA
 
6,968
2,396,081
Safran SA
 
25,479
10,012,773
TOTAL INDUSTRIALS
  
  
12,408,854
TOTAL FRANCE
  
  
20,138,645
GERMANY - 4.8%
 
  
  
Industrials - 3.7%
  
  
  
Aerospace & Defense - 0.4%
  
  
  
Rheinmetall AG
 
2,017
2,666,371
Electrical Equipment - 1.2%
  
  
  
Siemens Energy AG
 
40,294
6,883,950
Industrial Conglomerates - 2.1%
  
  
  
Siemens AG
 
37,834
12,396,181
TOTAL INDUSTRIALS
  
  
21,946,502
Information Technology - 0.6%
  
  
  
Software - 0.6%
  
  
  
SAP SE
 
19,924
3,651,973
Materials - 0.5%
  
  
  
Construction Materials - 0.5%
  
  
  
Heidelberg Materials AG
 
14,899
2,773,673
TOTAL GERMANY
  
  
28,372,148
GREECE - 0.4%
 
  
  
Financials - 0.4%
  
  
  
Banks - 0.4%
  
  
  
Alpha Bank SA
 
479,844
2,360,515
HONG KONG - 0.1%
 
  
  
Materials - 0.1%
  
  
  
Metals & Mining - 0.1%
  
  
  
Zijin Gold International Co Ltd
 
47,818
720,709
HUNGARY - 0.6%
 
  
  
Financials - 0.6%
  
  
  
Banks - 0.6%
  
  
  
OTP Bank Nyrt
 
25,129
3,718,587
IRELAND - 2.3%
 
  
  
Consumer Discretionary - 0.5%
  
  
  
Household Durables - 0.5%
  
  
  
Cairn Homes PLC
 
1,154,108
3,243,111
Financials - 1.4%
  
  
  
Banks - 1.4%
  
  
  
AIB Group PLC
 
688,254
8,138,984
Industrials - 0.4%
  
  
  
Building Products - 0.4%
  
  
  
Kingspan Group PLC
 
27,405
2,536,067
TOTAL IRELAND
  
  
13,918,162
ISRAEL - 0.7%
 
  
  
Health Care - 0.7%
  
  
  
Pharmaceuticals - 0.7%
  
  
  
Teva Pharmaceutical Industries Ltd ADR (b)
  
111,075
3,888,736
ITALY - 2.9%
 
  
  
Consumer Discretionary - 0.1%
  
  
  
Hotels, Restaurants & Leisure - 0.1%
  
  
  
Lottomatica Group Spa
 
39,300
1,064,085
Financials - 2.5%
  
  
  
Banks - 2.5%
  
  
  
Intesa Sanpaolo SpA
 
827,872
6,258,143
UniCredit SpA
 
90,798
8,563,330
TOTAL FINANCIALS
  
  
14,821,473
Industrials - 0.3%
  
  
  
Electrical Equipment - 0.3%
  
  
  
Prysmian SpA
 
12,252
1,690,694
TOTAL ITALY
  
  
17,576,252
JAPAN - 20.3%
 
  
  
Consumer Discretionary - 3.1%
  
  
  
Automobile Components - 0.2%
  
  
  
Sumitomo Electric Industries Ltd
 
83,164
1,100,684
Broadline Retail - 0.4%
  
  
  
Pan Pacific International Holdings Corp
 
435,981
2,442,550
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Metaplanet Inc (b)(d)
  
156,147
227,387
Household Durables - 1.4%
  
  
  
Panasonic Holdings Corp
 
320,394
8,472,008
Specialty Retail - 1.1%
  
  
  
Fast Retailing Co Ltd
 
12,855
6,294,698
TOTAL CONSUMER DISCRETIONARY
  
  
18,537,327
Consumer Staples - 0.7%
  
  
  
Food Products - 0.7%
  
  
  
Ajinomoto Co Inc
 
76,385
2,355,590
Kotobuki Spirits Co Ltd
 
107,069
1,707,042
TOTAL CONSUMER STAPLES
  
  
4,062,632
Financials - 5.6%
  
  
  
Banks - 5.1%
  
  
  
Hachijuni Nagano Bank Ltd
 
105,791
1,643,784
Mitsubishi UFJ Financial Group Inc
 
676,824
15,117,878
Sumitomo Mitsui Financial Group Inc
 
322,025
13,837,072
 
  
  
30,598,734
Insurance - 0.5%
  
  
  
Tokio Marine Holdings Inc
 
56,724
2,891,019
TOTAL FINANCIALS
  
  
33,489,753
Health Care - 0.4%
  
  
  
Pharmaceuticals - 0.4%
  
  
  
Chugai Pharmaceutical Co Ltd
 
5,000
216,957
Takeda Pharmaceutical Co Ltd
 
80,152
2,752,070
TOTAL HEALTH CARE
  
  
2,969,027
Industrials - 7.0%
  
  
  
Electrical Equipment - 0.2%
  
  
  
Furukawa Electric Co Ltd
 
48,080
917,459
Industrial Conglomerates - 0.6%
  
  
  
Hitachi Ltd
 
105,214
3,447,921
Machinery - 2.8%
  
  
  
IHI Corp
 
236,620
4,137,290
Japan Steel Works Ltd/The
 
24,179
1,120,280
Kawasaki Heavy Industries Ltd
 
296,656
5,068,267
Mitsubishi Heavy Industries Ltd
 
261,020
6,098,038
 
  
  
16,423,875
Professional Services - 0.1%
  
  
  
Visional Inc (b)
  
15,963
879,568
Trading Companies & Distributors - 3.3%
  
  
  
ITOCHU Corp
 
854,551
10,724,284
Marubeni Corp
 
208,328
6,733,304
Toyota Tsusho Corp
 
55,754
2,314,089
 
  
  
19,771,677
TOTAL INDUSTRIALS
  
  
41,440,500
Information Technology - 3.5%
  
  
  
Semiconductors & Semiconductor Equipment - 3.5%
  
  
  
Advantest Corp
 
40,888
8,078,731
Disco Corp
 
6,644
2,374,794
Kioxia Holdings Corp (b)
  
2,419
674,263
Lasertec Corp
 
16,328
3,751,069
Renesas Electronics Corp
 
139,500
2,796,104
Rohm Co Ltd
 
45,916
1,217,534
Tokyo Seimitsu Co Ltd
 
17,857
1,859,420
TOTAL INFORMATION TECHNOLOGY
  
  
20,751,915
TOTAL JAPAN
  
  
121,251,154
KOREA (SOUTH) - 0.2%
 
  
  
Communication Services - 0.2%
  
  
  
Interactive Media & Services - 0.2%
  
  
  
Webtoon Entertainment Inc (b)
  
128,745
1,174,154
NETHERLANDS - 6.6%
 
  
  
Financials - 1.6%
  
  
  
Banks - 1.6%
  
  
  
ING Groep NV (d)
  
279,367
9,817,392
Health Care - 0.6%
  
  
  
Biotechnology - 0.6%
  
  
  
Argenx SE (b)
  
4,018
3,441,406
Information Technology - 4.4%
  
  
  
Semiconductors & Semiconductor Equipment - 4.4%
  
  
  
ASML Holding NV
 
14,913
24,575,811
BE Semiconductor Industries NV
 
6,259
1,430,882
TOTAL INFORMATION TECHNOLOGY
  
  
26,006,693
TOTAL NETHERLANDS
  
  
39,265,491
NORWAY - 0.0%
 
  
  
Information Technology - 0.0%
  
  
  
Electronic Equipment, Instruments & Components - 0.0%
  
  
  
General Oceans AS
 
288,010
662,476
POLAND - 0.9%
 
  
  
Financials - 0.5%
  
  
  
Banks - 0.5%
  
  
  
Powszechna Kasa Oszczednosci Bank Polski SA
 
98,085
2,938,625
Industrials - 0.4%
  
  
  
Professional Services - 0.4%
  
  
  
Benefit Systems SA (b)
  
1,777
2,568,709
TOTAL POLAND
  
  
5,507,334
PORTUGAL - 1.5%
 
  
  
Financials - 1.5%
  
  
  
Banks - 1.5%
  
  
  
Banco Comercial Portugues SA
 
7,078,899
8,693,630
SINGAPORE - 1.4%
 
  
  
Financials - 1.4%
  
  
  
Banks - 1.4%
  
  
  
DBS Group Holdings Ltd
 
145,141
8,374,163
SPAIN - 5.5%
 
  
  
Financials - 5.1%
  
  
  
Banks - 5.1%
  
  
  
Banco Santander SA
 
1,306,648
18,583,506
CaixaBank SA
 
799,054
11,607,336
TOTAL FINANCIALS
  
  
30,190,842
Industrials - 0.4%
  
  
  
Construction & Engineering - 0.4%
  
  
  
ACS Actividades de Construccion y Servicios SA
 
19,720
2,508,235
TOTAL SPAIN
  
  
32,699,077
SWEDEN - 4.8%
 
  
  
Financials - 2.7%
  
  
  
Financial Services - 2.7%
  
  
  
Investor AB B Shares
 
366,982
15,839,786
Health Care - 0.6%
  
  
  
Biotechnology - 0.6%
  
  
  
Swedish Orphan Biovitrum AB B Shares (b)
  
72,578
3,586,903
Industrials - 0.7%
  
  
  
Machinery - 0.7%
  
  
  
Indutrade AB
 
155,859
3,908,669
Information Technology - 0.8%
  
  
  
Electronic Equipment, Instruments & Components - 0.8%
  
  
  
Lagercrantz Group AB B Shares
 
210,648
4,955,278
Software - 0.0%
  
  
  
Kry International Ab (a)(b)(c)
  
3,324
29,553
TOTAL INFORMATION TECHNOLOGY
  
  
4,984,831
TOTAL SWEDEN
  
  
28,320,189
SWITZERLAND - 1.2%
 
  
  
Financials - 0.8%
  
  
  
Capital Markets - 0.8%
  
  
  
UBS Group AG
 
91,876
4,835,579
Industrials - 0.1%
  
  
  
Electrical Equipment - 0.1%
  
  
  
Huber + Suhner AG
 
4,100
960,529
Information Technology - 0.3%
  
  
  
Semiconductors & Semiconductor Equipment - 0.3%
  
  
  
Cxmt Corp ELS (Ubs Ag Londn Branch Warrant Program) warrants 7/20/2028 (b)(e)
  
202,100
1,601,051
TOTAL SWITZERLAND
  
  
7,397,159
TAIWAN - 6.0%
 
  
  
Industrials - 0.8%
  
  
  
Electrical Equipment - 0.8%
  
  
  
Bizlink Holding Inc
 
74,836
4,766,961
Information Technology - 5.2%
  
  
  
Semiconductors & Semiconductor Equipment - 5.2%
  
  
  
MediaTek Inc
 
32,215
3,433,384
Taiwan Semiconductor Manufacturing Co Ltd
 
372,147
27,538,737
TOTAL INFORMATION TECHNOLOGY
  
  
30,972,121
TOTAL TAIWAN
  
  
35,739,082
UNITED KINGDOM - 17.6%
 
  
  
Communication Services - 4.8%
  
  
  
Diversified Telecommunication Services - 4.8%
  
  
  
Zegona Communications plc
 
1,450,904
28,588,765
Consumer Discretionary - 1.3%
  
  
  
Hotels, Restaurants & Leisure - 0.0%
  
  
  
Compass Group PLC
 
455
14,428
Leisure Products - 1.3%
  
  
  
Games Workshop Group PLC
 
29,492
7,599,788
TOTAL CONSUMER DISCRETIONARY
  
  
7,614,216
Consumer Staples - 2.2%
  
  
  
Tobacco - 2.2%
  
  
  
British American Tobacco PLC
 
216,804
13,151,535
Financials - 3.2%
  
  
  
Banks - 1.5%
  
  
  
Lloyds Banking Group PLC
 
6,127
9,470
NatWest Group PLC
 
888,697
8,382,751
Starling Bank Ltd (a)(b)(c)
  
137,500
448,464
 
  
  
8,840,685
Financial Services - 0.5%
  
  
  
Revolut Group Holdings Ltd (a)(b)(c)
  
1,409
2,707,773
Insurance - 1.2%
  
  
  
Admiral Group PLC
 
62,209
3,162,527
Aviva PLC
 
439,655
4,114,821
 
  
  
7,277,348
TOTAL FINANCIALS
  
  
18,825,806
Health Care - 1.3%
  
  
  
Pharmaceuticals - 1.3%
  
  
  
Astrazeneca PLC
 
44,563
7,586,752
Industrials - 3.9%
  
  
  
Aerospace & Defense - 2.9%
  
  
  
BAE Systems PLC
 
159,111
4,504,326
Rolls-Royce Holdings PLC
 
628,759
12,543,528
 
  
  
17,047,854
Trading Companies & Distributors - 1.0%
  
  
  
Diploma PLC
 
64,819
6,394,737
TOTAL INDUSTRIALS
  
  
23,442,591
Utilities - 0.9%
  
  
  
Electric Utilities - 0.9%
  
  
  
SSE PLC
 
172,711
5,456,534
TOTAL UNITED KINGDOM
  
  
104,666,199
UNITED STATES - 4.5%
 
  
  
Health Care - 0.5%
  
  
  
Pharmaceuticals - 0.5%
  
  
  
Viatris Inc
 
161,250
2,831,550
Industrials - 3.2%
  
  
  
Construction & Engineering - 0.7%
  
  
  
Ferrovial NV
 
68,258
4,466,103
Electrical Equipment - 2.5%
  
  
  
Schneider Electric SE
 
43,130
14,491,059
TOTAL INDUSTRIALS
  
  
18,957,162
Information Technology - 0.1%
  
  
  
Software - 0.1%
  
  
  
Canva Inc Class A (a)(b)(c)
  
540
747,738
Materials - 0.7%
  
  
  
Construction Materials - 0.7%
  
  
  
CRH PLC
 
20,456
1,943,524
Holcim AG
 
22,867
2,076,877
TOTAL MATERIALS
  
  
4,020,401
TOTAL UNITED STATES
  
  
26,556,851
 
TOTAL COMMON STOCKS
 (Cost $378,293,692)
  
  
  
574,949,140
 
  
  
  
Convertible Preferred Stocks - 0.5%
 
  
Shares
Value ($)
 
CANADA - 0.2%
 
  
  
Information Technology - 0.2%
  
  
  
Software - 0.2%
  
  
  
Valsoft Corp Series A-1.2 (a)(b)(c)
  
64
539,694
Valsoft Corp Series A-1.3 (a)(b)(c)
  
23
193,952
Valsoft Corp Series A-1.4 (a)(b)(c)
  
29
244,548
 
  
  
  
TOTAL CANADA
  
  
978,194
CHINA - 0.1%
 
  
  
Communication Services - 0.1%
  
  
  
Interactive Media & Services - 0.1%
  
  
  
Bytedance Ltd Series E1 (a)(b)(c)
  
1,533
506,611
Health Care - 0.0%
  
  
  
Health Care Providers & Services - 0.0%
  
  
  
dMed Biopharmaceutical Co Ltd Series C (a)(b)(c)
  
7,322
53,816
TOTAL CHINA
  
  
560,427
ESTONIA - 0.1%
 
  
  
Information Technology - 0.1%
  
  
  
Software - 0.1%
  
  
  
Bolt Technology OU Series E (a)(b)(c)
  
3,347
676,316
INDIA - 0.1%
 
  
  
Consumer Discretionary - 0.1%
  
  
  
Specialty Retail - 0.1%
  
  
  
Valuedrive Technologies Pvt Ltd Series A (a)(c)
  
79
120,822
Valuedrive Technologies Pvt Ltd Series B (a)(c)
  
159
243,173
Valuedrive Technologies Pvt Ltd Series C (a)(c)
  
1
1,529
Valuedrive Technologies Pvt Ltd Series C1 (a)(c)
  
1
1,529
Valuedrive Technologies Pvt Ltd Series G (a)(c)
  
1,019,800
433,194
Valuedrive Technologies Pvt Ltd Series S2 (a)(c)
  
39
59,646
 
  
  
  
TOTAL INDIA
  
  
859,893
UNITED STATES - 0.0%
 
  
  
Information Technology - 0.0%
  
  
  
Software - 0.0%
  
  
  
Canva Inc Series A (a)(b)(c)
  
85
117,700
Canva Inc Series A2 (a)(b)(c)
  
15
20,770
 
  
  
  
TOTAL UNITED STATES
  
  
138,470
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $3,397,140)
  
  
  
3,213,300
 
  
  
  
Money Market Funds - 2.6%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (g)
  
3.69
14,622,970
14,625,894
Fidelity Securities Lending Cash Central Fund (g)(h)
  
3.72
676,867
676,935
 
TOTAL MONEY MARKET FUNDS
 (Cost $15,302,446)
  
  
  
15,302,829
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.5%
 (Cost $396,993,278)
 
  
 
593,465,269
NET OTHER ASSETS (LIABILITIES) - 0.5%  
2,724,152
NET ASSETS - 100.0%
596,189,421
 
  
 
Legend
 
(a)
Level 3 security.
 
(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 $7,146,828 or 1.2% of net assets.
 
(d)
Security or a portion of the security is on loan at period end.
 
(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 $1,601,051 or 0.3% of net assets.
 
(f)
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 $737,898 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 $9,186,761.
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Bolt Technology OU Series E
1/3/2022
869,539
 
  
  
Bytedance Ltd Series E1
11/18/2020
167,978
 
  
  
Canva Inc Class A
3/18/2024 - 11/12/2025
657,124
 
  
  
Canva Inc Series A
9/22/2023
90,666
 
  
  
Canva Inc Series A2
9/22/2023
15,999
 
  
  
dMed Biopharmaceutical Co Ltd Series C
12/1/2020
103,995
 
  
  
Kry International Ab
5/14/2021 - 10/30/2024
219,661
 
  
  
Revolut Group Holdings Ltd
12/27/2024
1,225,512
 
  
  
Starling Bank Ltd
6/18/2021 - 4/5/2022
286,270
 
  
  
Valsoft Corp Series A-1.2
3/14/2025
749,677
 
  
  
Valsoft Corp Series A-1.3
3/17/2025
228,318
 
  
  
Valsoft Corp Series A-1.4
3/17/2025
381,683
 
  
  
Valuedrive Technologies Pvt Ltd Series A
2/12/2026
104,423
 
  
  
Valuedrive Technologies Pvt Ltd Series B
2/12/2026
210,168
 
  
  
Valuedrive Technologies Pvt Ltd Series C
2/12/2026
1,201
 
  
  
Valuedrive Technologies Pvt Ltd Series C1
2/12/2026
1,201
 
  
  
Valuedrive Technologies Pvt Ltd Series G
2/12/2026
425,438
 
  
  
Valuedrive Technologies Pvt Ltd Series S2
2/12/2026
46,854
 
  
  
 
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
24,097,363
184,370,875
193,841,543
454,242
(1,184)
383
14,625,894
14,622,970
Fidelity Securities Lending Cash Central Fund
1,559,664
42,521,664
43,404,313
49,752
(80)
-
676,935
676,867
 
25,657,027
226,892,539
237,245,856
503,994
(1,264)
383
15,302,829
  
 
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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