Quarterly Holdings Report
for
Fidelity® Pacific Basin Fund
July 31, 2026
PAF-NPRT3-0926
1.804825.122
Common Stocks - 96.2%
 
 
Shares
Value ($)
 
AUSTRALIA - 3.8%
 
 
 
Consumer Discretionary - 0.9%
 
 
 
Specialty Retail - 0.9%
 
 
 
Lovisa Holdings Ltd
 
659,641
10,995,187
Financials - 2.5%
 
 
 
Capital Markets - 2.1%
 
 
 
HUB24 Ltd
 
143,970
8,572,807
Macquarie Group Ltd
 
92,404
16,403,451
 
 
 
24,976,258
Financial Services - 0.4%
 
 
 
Cuscal Ltd
 
1,315,731
4,649,736
TOTAL FINANCIALS
 
 
29,625,994
Industrials - 0.4%
 
 
 
Aerospace & Defense - 0.4%
 
 
 
DroneShield Ltd (a)(b)
 
4,378,626
5,215,955
TOTAL AUSTRALIA
 
 
45,837,136
CHINA - 18.0%
 
 
 
Communication Services - 5.2%
 
 
 
Entertainment - 0.8%
 
 
 
DouYu International Holdings Ltd ADR (a)(d)
 
887,510
4,064,795
HUYA Inc Class A ADR (d)
 
2,391,957
5,860,295
 
 
 
9,925,090
Interactive Media & Services - 4.4%
 
 
 
Tencent Holdings Ltd
 
845,900
51,687,016
TOTAL COMMUNICATION SERVICES
 
 
61,612,106
Consumer Discretionary - 4.8%
 
 
 
Broadline Retail - 2.3%
 
 
 
Alibaba Group Holding Ltd
 
933,700
14,223,429
MINISO Group Holding Ltd ADR (d)
 
978,000
12,714,000
 
 
 
26,937,429
Hotels, Restaurants & Leisure - 1.1%
 
 
 
Luckin Coffee Inc ADR (a)
 
391,500
13,702,500
Textiles, Apparel & Luxury Goods - 1.4%
 
 
 
Shenzhou International Group Holdings Ltd
 
2,982,800
16,955,680
TOTAL CONSUMER DISCRETIONARY
 
 
57,595,609
Consumer Staples - 2.1%
 
 
 
Beverages - 1.3%
 
 
 
China Resources Beverage Holdings Co Ltd (d)
 
14,653,400
15,134,722
Food Products - 0.8%
 
 
 
Guangdong Haid Group Co Ltd A Shares (China)
 
1,359,300
9,960,979
TOTAL CONSUMER STAPLES
 
 
25,095,701
Health Care - 1.3%
 
 
 
Health Care Equipment & Supplies - 0.5%
 
 
 
Zylox-Tonbridge Medical Technology Co Ltd H Shares (b)(g)
 
2,421,500
5,891,337
Life Sciences Tools & Services - 0.8%
 
 
 
Wuxi Apptec Co Ltd A Shares (China)
 
502,700
9,555,244
TOTAL HEALTH CARE
 
 
15,446,581
Industrials - 0.6%
 
 
 
Machinery - 0.6%
 
 
 
Weichai Power Co Ltd A Shares (China)
 
1,821,300
7,539,255
Information Technology - 2.0%
 
 
 
Semiconductors & Semiconductor Equipment - 0.6%
 
 
 
Daqo New Energy Corp ADR (a)
 
602,800
7,336,076
Software - 1.4%
 
 
 
Eacon Group Co Ltd H Shares
 
712,950
8,009,142
Pony AI Inc ADR (a)(d)
 
1,142,924
8,994,812
 
 
 
17,003,954
TOTAL INFORMATION TECHNOLOGY
 
 
24,340,030
Materials - 0.9%
 
 
 
Chemicals - 0.9%
 
 
 
Meihua Holdings Group Co Ltd A Shares (China)
 
8,577,843
10,314,931
Real Estate - 1.1%
 
 
 
Real Estate Management & Development - 1.1%
 
 
 
KE Holdings Inc ADR (d)
 
743,600
12,604,020
TOTAL CHINA
 
 
214,548,233
HONG KONG - 1.9%
 
 
 
Financials - 1.9%
 
 
 
Insurance - 1.9%
 
 
 
AIA Group Ltd
 
2,210,400
22,282,818
Materials - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
China Metal Recycling Holdings Ltd (a)(e)
 
2,572,200
3
TOTAL HONG KONG
 
 
22,282,821
INDONESIA - 2.8%
 
 
 
Consumer Staples - 0.3%
 
 
 
Food Products - 0.3%
 
 
 
Ultrajaya Milk Industry & Trading Co Tbk PT
 
40,753,600
3,337,628
Energy - 0.4%
 
 
 
Oil, Gas & Consumable Fuels - 0.4%
 
 
 
United Tractors Tbk PT
 
3,462,800
4,621,122
Financials - 2.1%
 
 
 
Banks - 2.1%
 
 
 
Bank Central Asia Tbk PT
 
31,946,300
11,196,380
Bank Rakyat Indonesia Persero Tbk PT
 
86,062,300
14,473,607
TOTAL FINANCIALS
 
 
25,669,987
TOTAL INDONESIA
 
 
33,628,737
JAPAN - 33.3%
 
 
 
Communication Services - 1.4%
 
 
 
Entertainment - 1.4%
 
 
 
Nintendo Co Ltd
 
348,600
16,628,977
Consumer Discretionary - 5.8%
 
 
 
Automobiles - 1.4%
 
 
 
Toyota Motor Corp
 
852,800
16,138,969
Broadline Retail - 0.6%
 
 
 
Pan Pacific International Holdings Corp
 
1,181,000
6,616,462
Hotels, Restaurants & Leisure - 0.6%
 
 
 
Kyoritsu Maintenance Co Ltd
 
352,700
7,665,018
Household Durables - 3.2%
 
 
 
Open House Group Co Ltd
 
177,300
9,421,302
Panasonic Holdings Corp
 
1,096,382
28,991,045
 
 
 
38,412,347
TOTAL CONSUMER DISCRETIONARY
 
 
68,832,796
Consumer Staples - 1.5%
 
 
 
Food Products - 0.6%
 
 
 
Ajinomoto Co Inc
 
257,400
7,937,801
Personal Care Products - 0.9%
 
 
 
Shiseido Co Ltd
 
514,400
10,161,275
TOTAL CONSUMER STAPLES
 
 
18,099,076
Energy - 0.3%
 
 
 
Oil, Gas & Consumable Fuels - 0.3%
 
 
 
ENEOS Holdings Inc
 
595,800
4,920,433
Financials - 3.9%
 
 
 
Banks - 0.7%
 
 
 
Sumitomo Mitsui Financial Group Inc
 
191,400
8,224,255
Capital Markets - 0.3%
 
 
 
SBI Holdings Inc
 
244,200
4,610,078
Financial Services - 2.0%
 
 
 
ORIX Corp
 
579,500
23,388,246
Insurance - 0.9%
 
 
 
LIFENET INSURANCE CO (a)
 
370,100
3,862,738
Tokio Marine Holdings Inc
 
128,300
6,538,989
 
 
 
10,401,727
TOTAL FINANCIALS
 
 
46,624,306
Health Care - 2.3%
 
 
 
Health Care Equipment & Supplies - 1.4%
 
 
 
Hoya Corp
 
108,600
16,606,789
Pharmaceuticals - 0.9%
 
 
 
Takeda Pharmaceutical Co Ltd
 
305,500
10,489,539
TOTAL HEALTH CARE
 
 
27,096,328
Industrials - 7.6%
 
 
 
Building Products - 1.3%
 
 
 
Daikin Industries Ltd
 
109,200
15,818,152
Construction & Engineering - 0.5%
 
 
 
COMSYS Holdings Corp
 
167,900
5,511,065
Electrical Equipment - 0.6%
 
 
 
NIDEC CORP (a)
 
414,500
6,655,977
Industrial Conglomerates - 2.1%
 
 
 
Hitachi Ltd
 
765,200
25,076,029
Machinery - 1.7%
 
 
 
IHI Corp
 
389,600
6,812,139
Mitsubishi Heavy Industries Ltd
 
322,100
7,525,009
Namura Shipbuilding Co Ltd
 
236,200
6,334,426
 
 
 
20,671,574
Professional Services - 1.4%
 
 
 
SMS Co Ltd
 
272,600
3,784,917
Timee Inc (a)(d)
 
1,409,400
12,997,300
 
 
 
16,782,217
TOTAL INDUSTRIALS
 
 
90,515,014
Information Technology - 7.2%
 
 
 
Electronic Equipment, Instruments & Components - 2.0%
 
 
 
Hamamatsu Photonics KK
 
574,700
8,182,054
Ibiden Co Ltd
 
160,100
16,016,859
 
 
 
24,198,913
IT Services - 0.3%
 
 
 
NSD Co Ltd
 
228,200
4,076,941
Semiconductors & Semiconductor Equipment - 4.9%
 
 
 
Kioxia Holdings Corp (a)
 
89,500
24,946,912
Renesas Electronics Corp
 
1,090,900
21,865,736
Rohm Co Ltd
 
397,600
10,542,981
 
 
 
57,355,629
TOTAL INFORMATION TECHNOLOGY
 
 
85,631,483
Materials - 2.7%
 
 
 
Chemicals - 2.3%
 
 
 
Shin-Etsu Chemical Co Ltd
 
421,400
15,022,969
Toyo Gosei Co Ltd
 
148,700
11,788,209
 
 
 
26,811,178
Metals & Mining - 0.4%
 
 
 
Mitsui Kinzoku Co Ltd
 
27,400
5,158,684
TOTAL MATERIALS
 
 
31,969,862
Real Estate - 0.6%
 
 
 
Real Estate Management & Development - 0.6%
 
 
 
Sumitomo Realty & Development Co Ltd
 
355,800
7,975,021
TOTAL JAPAN
 
 
398,293,296
KOREA (SOUTH) - 11.7%
 
 
 
Communication Services - 1.4%
 
 
 
Diversified Telecommunication Services - 1.0%
 
 
 
KT Corp
 
326,740
11,637,781
Interactive Media & Services - 0.4%
 
 
 
Webtoon Entertainment Inc (a)
 
514,503
4,692,267
TOTAL COMMUNICATION SERVICES
 
 
16,330,048
Consumer Discretionary - 1.1%
 
 
 
Broadline Retail - 1.1%
 
 
 
Coupang Inc Class A (a)
 
819,200
13,393,920
Financials - 1.1%
 
 
 
Banks - 1.1%
 
 
 
KB Financial Group Inc
 
111,279
12,867,918
Industrials - 2.0%
 
 
 
Aerospace & Defense - 1.3%
 
 
 
Hanwha Aerospace Co Ltd
 
14,120
8,956,403
Korea Aerospace Industries Ltd
 
66,860
5,881,619
 
 
 
14,838,022
Electrical Equipment - 0.7%
 
 
 
LS Electric Co Ltd
 
68,760
8,554,393
TOTAL INDUSTRIALS
 
 
23,392,415
Information Technology - 6.1%
 
 
 
Semiconductors & Semiconductor Equipment - 1.6%
 
 
 
SK Hynix Inc
 
17,660
19,815,715
Technology Hardware, Storage & Peripherals - 4.5%
 
 
 
Samsung Electronics Co Ltd
 
310,870
53,461,019
TOTAL INFORMATION TECHNOLOGY
 
 
73,276,734
TOTAL KOREA (SOUTH)
 
 
139,261,035
MALAYSIA - 0.4%
 
 
 
Information Technology - 0.4%
 
 
 
Semiconductors & Semiconductor Equipment - 0.4%
 
 
 
SkyeChip Bhd
 
8,591,600
6,208,869
SINGAPORE - 0.7%
 
 
 
Consumer Discretionary - 0.7%
 
 
 
Broadline Retail - 0.7%
 
 
 
Sea Ltd Class A ADR (a)
 
74,700
7,973,478
TAIWAN - 16.8%
 
 
 
Industrials - 1.6%
 
 
 
Electrical Equipment - 1.6%
 
 
 
Bizlink Holding Inc
 
294,000
18,727,437
Information Technology - 15.2%
 
 
 
Electronic Equipment, Instruments & Components - 0.1%
 
 
 
Nextronics Engineering Corp
 
296,841
1,008,235
Semiconductors & Semiconductor Equipment - 15.1%
 
 
 
MediaTek Inc
 
205,000
21,848,324
Taiwan Semiconductor Manufacturing Co Ltd
 
2,146,000
158,803,187
 
 
 
180,651,511
TOTAL INFORMATION TECHNOLOGY
 
 
181,659,746
TOTAL TAIWAN
 
 
200,387,183
UNITED STATES - 6.8%
 
 
 
Communication Services - 1.0%
 
 
 
Diversified Telecommunication Services - 1.0%
 
 
 
Space Exploration Technologies Corp (c)
 
108,297
11,736,146
Health Care - 1.6%
 
 
 
Biotechnology - 0.1%
 
 
 
Legend Biotech Corp ADR (a)
 
108,900
2,020,095
Health Care Equipment & Supplies - 1.5%
 
 
 
Anteris Technologies Global Corp (a)(d)
 
1,795,137
14,073,874
Anteris Technologies Global Corp depository receipt (a)
 
455,983
3,574,906
GI Dynamics Inc (a)(e)
 
111,225
1
 
 
 
17,648,781
TOTAL HEALTH CARE
 
 
19,668,876
Information Technology - 2.7%
 
 
 
Software - 0.5%
 
 
 
Canva Inc Class A (a)(e)(f)
 
4,424
6,125,913
Technology Hardware, Storage & Peripherals - 2.2%
 
 
 
Seagate Technology Holdings PLC
 
15,300
13,098,789
Western Digital Corp
 
23,700
12,912,708
 
 
 
26,011,497
TOTAL INFORMATION TECHNOLOGY
 
 
32,137,410
Materials - 1.5%
 
 
 
Construction Materials - 1.5%
 
 
 
James Hardie Industries PLC depository receipt (a)
 
672,333
17,356,090
TOTAL UNITED STATES
 
 
80,898,522
 
TOTAL COMMON STOCKS
 (Cost $726,970,294)
 
 
 
1,149,319,310
 
 
 
 
Convertible Preferred Stocks - 0.1%
 
 
Shares
Value ($)
 
CHINA - 0.0%
 
 
 
Health Care - 0.0%
 
 
 
Health Care Providers & Services - 0.0%
 
 
 
dMed Biopharmaceutical Co Ltd Series C (a)(e)(f)
 
76,206
560,114
INDIA - 0.1%
 
 
 
Consumer Discretionary - 0.1%
 
 
 
Specialty Retail - 0.1%
 
 
 
Valuedrive Technologies Pvt Ltd Series A (e)(f)
 
116
177,409
Valuedrive Technologies Pvt Ltd Series B (e)(f)
 
233
356,348
Valuedrive Technologies Pvt Ltd Series C (e)(f)
 
1
1,529
Valuedrive Technologies Pvt Ltd Series C1 (e)(f)
 
1
1,529
Valuedrive Technologies Pvt Ltd Series G (e)(f)
 
1,490,900
633,309
Valuedrive Technologies Pvt Ltd Series S2 (e)(f)
 
57
87,175
 
 
 
 
TOTAL INDIA
 
 
1,257,299
UNITED STATES - 0.0%
 
 
 
Information Technology - 0.0%
 
 
 
Software - 0.0%
 
 
 
Canva Inc Series A (a)(e)(f)
 
85
117,700
Canva Inc Series A2 (a)(e)(f)
 
15
20,770
 
 
 
 
TOTAL UNITED STATES
 
 
138,470
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $2,343,194)
 
 
 
1,955,883
 
 
 
 
Non-Convertible Preferred Stocks - 3.0%
 
 
Shares
Value ($)
 
KOREA (SOUTH) - 3.0%
 
 
 
Financials - 0.7%
 
 
 
Insurance - 0.7%
 
 
 
Samsung Fire & Marine Insurance Co Ltd
 
30,652
8,041,580
Information Technology - 2.3%
 
 
 
Technology Hardware, Storage & Peripherals - 2.3%
 
 
 
Samsung Electronics Co Ltd non-voting shares
 
219,180
27,213,696
TOTAL KOREA (SOUTH)
 
 
35,255,276
 
TOTAL NON-CONVERTIBLE PREFERRED STOCKS
 (Cost $12,442,059)
 
 
 
35,255,276
 
 
 
 
Money Market Funds - 3.0%
 
 
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (h)
 
3.69
3,803,010
3,803,770
Fidelity Securities Lending Cash Central Fund (h)(i)
 
3.72
32,257,159
32,260,385
 
TOTAL MONEY MARKET FUNDS
 (Cost $36,063,775)
 
 
 
36,064,155
 
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 102.3%
 (Cost $777,819,322)
 
 
 
1,222,594,624
NET OTHER ASSETS (LIABILITIES) - (2.3)%  
(27,775,610)
NET ASSETS - 100.0%
1,194,819,014
 
 
 
Legend
 
(a)
Non-income producing.
 
(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 $11,107,292 or 0.9% of net assets.
 
(c)
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 $11,736,146 with varying restriction expiration dates. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse.
 
(d)
Security or a portion of the security is on loan at period end.
 
(e)
Level 3 security.
 
(f)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $8,081,796 or 0.7% of net assets.
 
(g)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $5,891,337 or 0.5% of net assets.
 
(h)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
 
(i)
Investment made with cash collateral received from securities on loan.
 
At period end, the value of non-cash collateral for securities on loan amounted to $5,234,672.
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Canva Inc Class A
3/18/2024 - 11/12/2025
5,573,816
 
 
 
Canva Inc Series A
9/22/2023
90,666
 
 
 
Canva Inc Series A2
9/22/2023
16,000
 
 
 
dMed Biopharmaceutical Co Ltd Series C
12/1/2020
1,082,365
 
 
 
Valuedrive Technologies Pvt Ltd Series A
2/12/2026
153,330
 
 
 
Valuedrive Technologies Pvt Ltd Series B
2/12/2026
307,981
 
 
 
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
621,971
 
 
 
Valuedrive Technologies Pvt Ltd Series S2
2/12/2026
68,479
 
 
 
Additional information on each lock-up restriction is as follows:
Security
Restriction Expiration Date
Space Exploration Technologies Corp
12/8/2026
 
 
 
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
19,028,323
334,984,780
350,211,221
432,685
1,508
380
3,803,770
3,803,010
Fidelity Securities Lending Cash Central Fund
32,975,814
307,107,476
307,822,805
995,564
(100)
-
32,260,385
32,257,159
 
52,004,137
642,092,256
658,034,026
1,428,249
1,408
380
36,064,155
 
 
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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