Quarterly Holdings Report
for
Fidelity® Series Select International Small Cap Fund
July 31, 2026
SSI-NPRT3-0926
1.9906202.103
Common Stocks - 98.2%
 
  
Shares
Value ($)
 
AUSTRALIA - 7.8%
 
  
  
Consumer Discretionary - 0.4%
  
  
  
Automobile Components - 0.4%
  
  
  
Amotiv Ltd
 
205,141
1,012,385
Energy - 0.4%
  
  
  
Oil, Gas & Consumable Fuels - 0.4%
  
  
  
Whitehaven Coal Ltd
 
250,643
1,237,813
Financials - 1.5%
  
  
  
Insurance - 1.5%
  
  
  
AUB Group Ltd
 
42,811
834,219
nib holdings Ltd/Australia
 
354,067
1,863,111
Steadfast Group Ltd
 
485,406
1,734,720
TOTAL FINANCIALS
  
  
4,432,050
Health Care - 0.4%
  
  
  
Health Care Equipment & Supplies - 0.4%
  
  
  
Ansell Ltd
 
45,767
1,051,075
Industrials - 1.4%
  
  
  
Construction & Engineering - 0.6%
  
  
  
Ventia Services Group Pty Ltd
 
432,587
1,764,227
Professional Services - 0.8%
  
  
  
ALS Ltd
 
145,727
2,199,492
TOTAL INDUSTRIALS
  
  
3,963,719
Materials - 3.2%
  
  
  
Chemicals - 0.7%
  
  
  
Dyno Nobel Ltd
 
803,893
2,127,838
Metals & Mining - 2.5%
  
  
  
Evolution Mining Ltd
 
235,165
1,864,700
Iluka Resources Ltd
 
231,290
977,981
Imdex Ltd
 
623,989
1,611,939
Sandfire Resources Ltd (b)
  
184,919
2,447,843
 
  
  
6,902,463
TOTAL MATERIALS
  
  
9,030,301
Real Estate - 0.5%
  
  
  
Diversified REITs - 0.5%
  
  
  
GPT Group/The unit
 
435,708
1,569,369
TOTAL AUSTRALIA
  
  
22,296,712
AUSTRIA - 1.1%
 
  
  
Information Technology - 0.9%
  
  
  
Electronic Equipment, Instruments & Components - 0.9%
  
  
  
AT&S Austria Technologie & Systemtechnik AG (b)
  
16,427
2,477,718
Materials - 0.2%
  
  
  
Construction Materials - 0.2%
  
  
  
Wienerberger AG
 
30,562
749,257
TOTAL AUSTRIA
  
  
3,226,975
BELGIUM - 1.7%
 
  
  
Financials - 0.4%
  
  
  
Banks - 0.4%
  
  
  
KBC Ancora
 
12,429
1,269,860
Health Care - 0.6%
  
  
  
Health Care Providers & Services - 0.6%
  
  
  
Fagron
 
63,165
1,689,858
Real Estate - 0.7%
  
  
  
Industrial REITs - 0.7%
  
  
  
Warehouses De Pauw CVA
 
76,098
1,958,634
TOTAL BELGIUM
  
  
4,918,352
DENMARK - 0.4%
 
  
  
Industrials - 0.4%
  
  
  
Machinery - 0.4%
  
  
  
FLSmidth & Co A/S
 
17,000
1,272,508
FINLAND - 2.6%
 
  
  
Consumer Discretionary - 0.5%
  
  
  
Broadline Retail - 0.5%
  
  
  
Puuilo Oyj
 
79,571
1,570,885
Industrials - 0.6%
  
  
  
Machinery - 0.6%
  
  
  
Konecranes Oyj A Shares
 
56,511
1,762,079
Materials - 0.8%
  
  
  
Chemicals - 0.4%
  
  
  
Kemira Oyj
 
53,511
1,049,623
Containers & Packaging - 0.4%
  
  
  
Huhtamaki Oyj
 
28,278
1,007,611
TOTAL MATERIALS
  
  
2,057,234
Utilities - 0.7%
  
  
  
Electric Utilities - 0.7%
  
  
  
Fortum Oyj
 
90,175
2,051,110
TOTAL FINLAND
  
  
7,441,308
FRANCE - 3.2%
 
  
  
Communication Services - 0.3%
  
  
  
Media - 0.3%
  
  
  
IPSOS SA
 
22,852
941,812
Energy - 0.8%
  
  
  
Energy Equipment & Services - 0.8%
  
  
  
Vallourec SACA (b)
  
94,111
2,269,119
Health Care - 0.5%
  
  
  
Pharmaceuticals - 0.5%
  
  
  
Virbac SACA
 
3,769
1,466,850
Industrials - 1.2%
  
  
  
Commercial Services & Supplies - 0.5%
  
  
  
Elis SA
 
56,155
1,604,632
Trading Companies & Distributors - 0.7%
  
  
  
Rexel SA
 
47,393
1,958,701
TOTAL INDUSTRIALS
  
  
3,563,333
Materials - 0.4%
  
  
  
Construction Materials - 0.4%
  
  
  
Vicat SACA
 
13,424
1,013,933
TOTAL FRANCE
  
  
9,255,047
GERMANY - 3.2%
 
  
  
Consumer Discretionary - 0.7%
  
  
  
Automobile Components - 0.7%
  
  
  
SAF-Holland SE
 
80,489
2,000,182
Industrials - 0.5%
  
  
  
Aerospace & Defense - 0.4%
  
  
  
Hensoldt AG
 
13,028
1,196,738
Machinery - 0.1%
  
  
  
Stabilus SE
 
13,105
217,311
TOTAL INDUSTRIALS
  
  
1,414,049
Information Technology - 0.7%
  
  
  
IT Services - 0.4%
  
  
  
Bechtle AG
 
27,300
1,136,464
Software - 0.3%
  
  
  
Mensch und Maschine Software SE (a)
  
19,918
854,426
TOTAL INFORMATION TECHNOLOGY
  
  
1,990,890
Materials - 1.0%
  
  
  
Chemicals - 0.4%
  
  
  
Wacker Chemie AG (b)
  
12,200
1,245,056
Metals & Mining - 0.6%
  
  
  
Aurubis AG
 
8,200
1,717,179
TOTAL MATERIALS
  
  
2,962,235
Real Estate - 0.3%
  
  
  
Real Estate Management & Development - 0.3%
  
  
  
Patrizia SE
 
107,925
901,045
TOTAL GERMANY
  
  
9,268,401
HONG KONG - 2.1%
 
  
  
Consumer Discretionary - 0.5%
  
  
  
Specialty Retail - 0.5%
  
  
  
Luk Fook Holdings International Ltd
 
463,635
1,456,693
Industrials - 0.4%
  
  
  
Marine Transportation - 0.4%
  
  
  
Pacific Basin Shipping Ltd
 
3,020,235
1,263,181
Information Technology - 0.8%
  
  
  
Semiconductors & Semiconductor Equipment - 0.8%
  
  
  
ASMPT Ltd
 
109,825
2,118,806
Real Estate - 0.4%
  
  
  
Real Estate Management & Development - 0.4%
  
  
  
Hysan Development Co Ltd
 
436,383
1,037,761
TOTAL HONG KONG
  
  
5,876,441
ISRAEL - 2.5%
 
  
  
Communication Services - 1.0%
  
  
  
Diversified Telecommunication Services - 1.0%
  
  
  
Bezeq The Israeli Telecommunication Corp Ltd
 
1,164,038
2,788,512
Consumer Staples - 0.7%
  
  
  
Consumer Staples Distribution & Retail - 0.7%
  
  
  
Rami Levy Chain Stores Hashikma Marketing 2006 Ltd
 
18,773
2,114,074
Financials - 0.2%
  
  
  
Capital Markets - 0.2%
  
  
  
Meitav Investment House Ltd
 
12,700
550,132
Information Technology - 0.6%
  
  
  
Semiconductors & Semiconductor Equipment - 0.6%
  
  
  
Nova Ltd (Israel) (b)
  
4,362
1,748,796
TOTAL ISRAEL
  
  
7,201,514
ITALY - 3.4%
 
  
  
Communication Services - 0.3%
  
  
  
Diversified Telecommunication Services - 0.3%
  
  
  
RAI Way SpA (c)(d)
  
187,232
1,001,807
Consumer Discretionary - 1.0%
  
  
  
Automobile Components - 1.0%
  
  
  
Brembo NV
 
131,454
1,602,266
Pirelli & C SpA (c)(d)
  
176,600
1,344,065
TOTAL CONSUMER DISCRETIONARY
  
  
2,946,331
Financials - 0.9%
  
  
  
Capital Markets - 0.9%
  
  
  
Banca Generali SpA
 
36,041
2,715,990
Health Care - 0.9%
  
  
  
Health Care Equipment & Supplies - 0.3%
  
  
  
GVS SpA (a)(b)(c)(d)
  
191,076
956,273
Pharmaceuticals - 0.6%
  
  
  
Recordati Industria Chimica e Farmaceutica SpA
 
25,167
1,498,951
TOTAL HEALTH CARE
  
  
2,455,224
Industrials - 0.3%
  
  
  
Aerospace & Defense - 0.3%
  
  
  
Avio SpA (a)(c)
  
22,483
752,640
TOTAL ITALY
  
  
9,871,992
JAPAN - 40.1%
 
  
  
Communication Services - 1.1%
  
  
  
Entertainment - 0.4%
  
  
  
Daiichikosho Co Ltd
 
92,131
1,042,093
Wireless Telecommunication Services - 0.7%
  
  
  
Okinawa Cellular Telephone Co
 
88,456
2,144,907
TOTAL COMMUNICATION SERVICES
  
  
3,187,000
Consumer Discretionary - 4.9%
  
  
  
Automobile Components - 0.8%
  
  
  
Shoei Co Ltd
 
114,492
1,395,479
Stanley Electric Co Ltd
 
43,974
958,225
 
  
  
2,353,704
Hotels, Restaurants & Leisure - 1.4%
  
  
  
Food & Life Cos Ltd
 
71,422
2,493,589
Kyoritsu Maintenance Co Ltd
 
69,558
1,511,662
 
  
  
4,005,251
Household Durables - 1.5%
  
  
  
Haseko Corp
 
105,448
1,834,764
Nikon Corp
 
106,043
1,260,040
Rinnai Corp
 
50,709
1,133,971
 
  
  
4,228,775
Leisure Products - 0.5%
  
  
  
Sega Sammy Holdings Inc
 
89,283
1,542,377
Specialty Retail - 0.7%
  
  
  
Nextage Co Ltd
 
92,901
1,935,872
TOTAL CONSUMER DISCRETIONARY
  
  
14,065,979
Consumer Staples - 2.8%
  
  
  
Beverages - 0.4%
  
  
  
Coca-Cola Bottlers Japan Holdings Inc
 
50,400
1,211,159
Consumer Staples Distribution & Retail - 0.5%
  
  
  
Tsuruha Holdings Inc
 
92,400
1,410,557
Food Products - 1.6%
  
  
  
Kotobuki Spirits Co Ltd
 
109,709
1,749,133
Morinaga & Co Ltd/Japan
 
71,016
1,177,005
Toyo Suisan Kaisha Ltd
 
23,024
1,493,919
 
  
  
4,420,057
Personal Care Products - 0.3%
  
  
  
Milbon Co Ltd
 
50,654
883,445
TOTAL CONSUMER STAPLES
  
  
7,925,218
Energy - 1.1%
  
  
  
Oil, Gas & Consumable Fuels - 1.1%
  
  
  
Itochu Enex Co Ltd
 
124,800
1,692,794
San-Ai Obbli Co Ltd
 
106,500
1,548,948
TOTAL ENERGY
  
  
3,241,742
Financials - 4.3%
  
  
  
Banks - 3.7%
  
  
  
Hachijuni Nagano Bank Ltd
 
90,900
1,412,407
Hokuhoku Financial Group Inc
 
95,887
4,436,575
Kyoto Financial Group Inc
 
57,888
1,595,624
Suruga Bank Ltd
 
199,796
3,235,582
 
  
  
10,680,188
Financial Services - 0.6%
  
  
  
Zenkoku Hosho Co Ltd
 
86,672
1,702,330
TOTAL FINANCIALS
  
  
12,382,518
Health Care - 2.7%
  
  
  
Health Care Equipment & Supplies - 0.4%
  
  
  
Nagaileben Co Ltd
 
55,779
624,104
Nakanishi Inc
 
35,100
667,032
 
  
  
1,291,136
Health Care Providers & Services - 1.2%
  
  
  
As One Corp
 
113,440
1,709,315
H.U. Group Holdings Inc
 
75,916
1,622,391
 
  
  
3,331,706
Pharmaceuticals - 1.1%
  
  
  
Kissei Pharmaceutical Co Ltd
 
36,188
924,030
Santen Pharmaceutical Co Ltd
 
102,700
1,212,497
Sawai Group Holdings Co Ltd
 
102,077
1,054,383
 
  
  
3,190,910
TOTAL HEALTH CARE
  
  
7,813,752
Industrials - 10.2%
  
  
  
Building Products - 1.1%
  
  
  
Nichias Corp
 
87,100
1,805,259
Sanwa Holdings Corp
 
60,470
1,296,239
 
  
  
3,101,498
Commercial Services & Supplies - 1.0%
  
  
  
Daiei Kankyo Co Ltd
 
63,907
1,495,052
Park24 Co Ltd
 
107,975
1,336,431
 
  
  
2,831,483
Construction & Engineering - 0.7%
  
  
  
Penta-Ocean Construction Co Ltd
 
216,101
2,011,454
Electrical Equipment - 0.8%
  
  
  
SWCC Corp
 
31,761
2,189,356
Ground Transportation - 0.4%
  
  
  
Kyushu Railway Co
 
52,912
1,193,998
Machinery - 3.6%
  
  
  
ARCHION Corp
 
511,500
864,116
Daihatsu Diesel Manufacturing Co Ltd
 
83,245
1,422,385
Galilei Holdings Co Ltd
 
51,709
1,115,215
Hosokawa Micron Corp
 
54,294
1,703,287
Japan Steel Works Ltd/The
 
18,200
843,257
Meidensha Corp
 
34,661
2,043,585
MISUMI Group Inc
 
30,400
723,245
Takeuchi Manufacturing Co Ltd
 
32,473
1,503,703
 
  
  
10,218,793
Professional Services - 1.0%
  
  
  
BayCurrent Inc
 
18,300
825,405
Timee Inc (b)
  
61,100
563,456
Visional Inc (b)
  
24,800
1,366,490
 
  
  
2,755,351
Trading Companies & Distributors - 1.0%
  
  
  
Inaba Denki Sangyo Co Ltd
 
109,168
1,946,889
Sojitz Corp
 
28,500
952,199
 
  
  
2,899,088
Transportation Infrastructure - 0.6%
  
  
  
Kamigumi Co Ltd
 
55,410
1,799,402
TOTAL INDUSTRIALS
  
  
29,000,423
Information Technology - 5.7%
  
  
  
Electronic Equipment, Instruments & Components - 3.6%
  
  
  
Alps Alpine Co Ltd
 
87,000
1,191,722
Anritsu Corp
 
65,697
1,435,822
Daiwabo Holdings Co Ltd
 
74,473
1,659,931
Dexerials Corp
 
59,291
1,196,840
Hamamatsu Photonics KK
 
104,500
1,487,776
Maruwa Co Ltd/Aichi
 
3,235
1,095,389
Riken Keiki Co Ltd
 
60,559
1,308,600
Shimadzu Corp
 
35,700
907,941
 
  
  
10,284,021
IT Services - 0.9%
  
  
  
NSD Co Ltd
 
80,047
1,430,092
Zuken Inc
 
34,563
1,048,416
 
  
  
2,478,508
Semiconductors & Semiconductor Equipment - 0.9%
  
  
  
SUMCO Corp
 
133,524
2,714,546
Software - 0.3%
  
  
  
OBIC Business Consultants Co Ltd
 
17,600
893,196
TOTAL INFORMATION TECHNOLOGY
  
  
16,370,271
Materials - 5.0%
  
  
  
Chemicals - 3.1%
  
  
  
Fujimi Inc
 
70,000
1,638,545
Kaneka Corp
 
44,418
1,580,230
Kansai Paint Co Ltd
 
51,200
906,319
Kuraray Co Ltd
 
107,533
1,233,347
Resonac Holdings Corp (a)
  
29,512
2,458,324
Teijin Ltd
 
111,100
1,132,279
 
  
  
8,949,044
Construction Materials - 0.4%
  
  
  
Maeda Kosen Co Ltd
 
84,930
1,046,084
Containers & Packaging - 0.5%
  
  
  
FP Corp
 
83,709
1,327,835
Metals & Mining - 1.0%
  
  
  
Dowa Holdings Co Ltd
 
29,729
1,516,809
UACJ Corp
 
101,916
1,487,601
 
  
  
3,004,410
TOTAL MATERIALS
  
  
14,327,373
Real Estate - 2.3%
  
  
  
Diversified REITs - 0.5%
  
  
  
Daiwa House REIT Investment Corp
 
1,718
1,330,169
Industrial REITs - 0.3%
  
  
  
SOSiLA Logistics REIT Inc (a)
  
1,571
1,072,701
Real Estate Management & Development - 1.1%
  
  
  
Relo Group Inc
 
86,137
1,086,781
Tokyo Tatemono Co Ltd
 
92,107
1,943,575
 
  
  
3,030,356
Residential REITs - 0.4%
  
  
  
Daiwa Securities Living Investments Corp
 
1,760
1,072,786
TOTAL REAL ESTATE
  
  
6,506,012
TOTAL JAPAN
  
  
114,820,288
NETHERLANDS - 1.1%
 
  
  
Industrials - 0.4%
  
  
  
Trading Companies & Distributors - 0.4%
  
  
  
IMCD NV
 
11,600
1,267,828
Real Estate - 0.7%
  
  
  
Retail REITs - 0.7%
  
  
  
Eurocommercial Properties NV
 
57,866
1,868,389
TOTAL NETHERLANDS
  
  
3,136,217
NEW ZEALAND - 1.2%
 
  
  
Industrials - 0.6%
  
  
  
Building Products - 0.6%
  
  
  
Fletcher Building Ltd (b)
  
764,780
1,639,937
Utilities - 0.6%
  
  
  
Electric Utilities - 0.6%
  
  
  
Contact Energy Ltd
 
343,675
1,837,850
TOTAL NEW ZEALAND
  
  
3,477,787
NORWAY - 2.0%
 
  
  
Energy - 1.3%
  
  
  
Energy Equipment & Services - 1.3%
  
  
  
DOF Group ASA A Shares
 
146,021
1,918,187
TGS ASA
 
137,082
1,842,706
TOTAL ENERGY
  
  
3,760,893
Financials - 0.7%
  
  
  
Banks - 0.7%
  
  
  
SpareBank 1 SMN
 
100,928
2,090,655
TOTAL NORWAY
  
  
5,851,548
SINGAPORE - 0.9%
 
  
  
Real Estate - 0.9%
  
  
  
Hotel & Resort REITs - 0.4%
  
  
  
CDL Hospitality Trusts unit
 
1,750,139
1,085,138
Industrial REITs - 0.5%
  
  
  
Mapletree Industrial Trust
 
973,907
1,465,546
TOTAL SINGAPORE
  
  
2,550,684
SPAIN - 5.3%
 
  
  
Consumer Discretionary - 0.5%
  
  
  
Automobile Components - 0.5%
  
  
  
CIE Automotive SA
 
50,635
1,544,409
Consumer Staples - 0.5%
  
  
  
Food Products - 0.5%
  
  
  
Viscofan SA (a)
  
20,109
1,331,031
Financials - 1.7%
  
  
  
Banks - 1.1%
  
  
  
Bankinter SA
 
165,935
3,048,173
Insurance - 0.6%
  
  
  
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros
 
1,219,650
1,794,616
TOTAL FINANCIALS
  
  
4,842,789
Health Care - 0.5%
  
  
  
Biotechnology - 0.5%
  
  
  
Grifols SA Class A (a)
  
119,400
1,371,904
Industrials - 2.1%
  
  
  
Air Freight & Logistics - 0.7%
  
  
  
Logista Integral SA
 
48,527
2,070,480
Construction & Engineering - 0.5%
  
  
  
Sacyr SA
 
258,653
1,401,849
Machinery - 0.9%
  
  
  
Construcciones y Auxiliar de Ferrocarriles SA
 
20,500
1,616,947
Fluidra SA
 
41,395
920,324
 
  
  
2,537,271
TOTAL INDUSTRIALS
  
  
6,009,600
TOTAL SPAIN
  
  
15,099,733
SWEDEN - 4.8%
 
  
  
Consumer Discretionary - 0.3%
  
  
  
Household Durables - 0.3%
  
  
  
JM AB (a)
  
69,400
897,181
Consumer Staples - 0.4%
  
  
  
Food Products - 0.4%
  
  
  
AAK AB (a)
  
55,415
1,195,337
Financials - 1.0%
  
  
  
Banks - 0.3%
  
  
  
Noba
 
100,700
878,806
Capital Markets - 0.7%
  
  
  
Avanza Bank Holding AB
 
46,086
1,894,317
TOTAL FINANCIALS
  
  
2,773,123
Health Care - 0.5%
  
  
  
Life Sciences Tools & Services - 0.5%
  
  
  
AddLife AB B Shares
 
79,090
1,342,226
Industrials - 1.3%
  
  
  
Commercial Services & Supplies - 0.7%
  
  
  
Loomis AB
 
37,871
2,087,992
Trading Companies & Distributors - 0.6%
  
  
  
AddTech AB B Shares
 
47,651
1,734,456
TOTAL INDUSTRIALS
  
  
3,822,448
Information Technology - 0.6%
  
  
  
IT Services - 0.6%
  
  
  
Atea ASA
 
93,363
1,686,494
Materials - 0.7%
  
  
  
Metals & Mining - 0.7%
  
  
  
Alleima AB
 
161,900
1,921,268
TOTAL SWEDEN
  
  
13,638,077
SWITZERLAND - 3.3%
 
  
  
Financials - 0.6%
  
  
  
Capital Markets - 0.6%
  
  
  
VZ Holding AG
 
9,147
1,751,445
Health Care - 0.9%
  
  
  
Life Sciences Tools & Services - 0.9%
  
  
  
Bachem Holding AG Series B (a)
  
9,080
840,106
Tecan Group AG
 
7,340
1,689,621
TOTAL HEALTH CARE
  
  
2,529,727
Industrials - 0.4%
  
  
  
Machinery - 0.4%
  
  
  
Bucher Industries AG
 
2,980
1,164,797
Information Technology - 0.3%
  
  
  
Electronic Equipment, Instruments & Components - 0.3%
  
  
  
Sensirion Holding AG (b)(c)(d)
  
8,170
737,720
Real Estate - 1.1%
  
  
  
Real Estate Management & Development - 1.1%
  
  
  
International Workplace Group PLC
 
548,000
1,455,716
PSP Swiss Property AG
 
9,809
1,771,432
TOTAL REAL ESTATE
  
  
3,227,148
TOTAL SWITZERLAND
  
  
9,410,837
UNITED KINGDOM - 10.5%
 
  
  
Communication Services - 1.0%
  
  
  
Diversified Telecommunication Services - 1.0%
  
  
  
Zegona Communications plc
 
140,939
2,777,077
Consumer Discretionary - 1.8%
  
  
  
Broadline Retail - 0.3%
  
  
  
B&M European Value Retail plc
 
313,936
941,837
Distributors - 0.6%
  
  
  
Inchcape PLC
 
141,222
1,595,933
Diversified Consumer Services - 0.2%
  
  
  
ME Group International PLC
 
476,966
712,257
Hotels, Restaurants & Leisure - 0.2%
  
  
  
Playtech Plc (b)
  
94,300
481,173
Textiles, Apparel & Luxury Goods - 0.5%
  
  
  
Burberry Group PLC (b)
  
92,207
1,475,730
TOTAL CONSUMER DISCRETIONARY
  
  
5,206,930
Financials - 3.3%
  
  
  
Banks - 0.5%
  
  
  
Close Brothers Group PLC (b)
  
260,300
1,493,087
Capital Markets - 1.0%
  
  
  
Bridgepoint Group PLC (a)(c)(d)
  
324,800
1,403,424
St James's Place PLC
 
103,222
1,465,602
 
  
  
2,869,026
Insurance - 1.8%
  
  
  
Hiscox Ltd
 
63,500
1,548,181
Lancashire Holdings Ltd
 
187,690
1,524,079
Sabre Insurance Group PLC (c)(d)
  
871,357
2,144,403
 
  
  
5,216,663
TOTAL FINANCIALS
  
  
9,578,776
Health Care - 0.4%
  
  
  
Health Care Equipment & Supplies - 0.4%
  
  
  
Convatec Group PLC (c)(d)
  
360,200
1,087,429
Industrials - 2.4%
  
  
  
Commercial Services & Supplies - 0.9%
  
  
  
Mitie Group PLC
 
774,225
2,159,966
Construction & Engineering - 0.5%
  
  
  
Balfour Beatty PLC
 
131,000
1,522,789
Marine Transportation - 0.5%
  
  
  
Clarkson PLC
 
24,400
1,555,465
Passenger Airlines - 0.5%
  
  
  
JET2 PLC
 
72,959
1,514,290
TOTAL INDUSTRIALS
  
  
6,752,510
Materials - 0.7%
  
  
  
Metals & Mining - 0.7%
  
  
  
Hill & Smith PLC
 
55,720
2,140,254
Real Estate - 0.9%
  
  
  
Real Estate Management & Development - 0.5%
  
  
  
Savills PLC
 
116,610
1,445,882
Residential REITs - 0.4%
  
  
  
Grainger PLC
 
431,321
1,014,391
TOTAL REAL ESTATE
  
  
2,460,273
TOTAL UNITED KINGDOM
  
  
30,003,249
UNITED STATES - 1.0%
 
  
  
Industrials - 0.4%
  
  
  
Building Products - 0.4%
  
  
  
Reliance Worldwide Corp Ltd
 
436,971
1,074,752
Materials - 0.6%
  
  
  
Metals & Mining - 0.6%
  
  
  
Acerinox SA
 
82,532
1,654,086
TOTAL UNITED STATES
  
  
2,728,838
 
TOTAL COMMON STOCKS
 (Cost $227,941,236)
  
  
  
281,346,508
 
  
  
  
Non-Convertible Preferred Stocks - 0.2%
 
  
Shares
Value ($)
 
GERMANY - 0.2%
 
  
  
Industrials - 0.2%
  
  
  
Machinery - 0.2%
  
  
  
Jungheinrich AG
  (Cost $967,807)
  
28,339
795,410
 
  
  
  
Money Market Funds - 3.0%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (e)
  
3.69
3,790,069
3,790,827
Fidelity Securities Lending Cash Central Fund (e)(f)
  
3.72
4,709,273
4,709,743
 
TOTAL MONEY MARKET FUNDS
 (Cost $8,500,535)
  
  
  
8,500,570
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 101.4%
 (Cost $237,409,578)
 
  
 
290,642,488
NET OTHER ASSETS (LIABILITIES) - (1.4)%  
(4,113,907)
NET ASSETS - 100.0%
286,528,581
 
  
 
Legend
 
(a)
Security or a portion of the security is on loan at period end.
 
(b)
Non-income producing.
 
(c)
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 $9,427,761 or 3.3% of net assets.
 
(d)
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 $8,675,121 or 3.0% of net assets.
 
(e)
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.
 
(f)
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 $4,264,962.
 
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
2,885,677
29,145,294
28,239,828
139,337
(352)
36
3,790,827
3,790,069
Fidelity Securities Lending Cash Central Fund
4,298,768
22,878,979
22,468,165
63,538
162
(1)
4,709,743
4,709,273
 
7,184,445
52,024,273
50,707,993
202,875
(190)
35
8,500,570
  
 
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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