0001752724-20-010821.txt : 20200124 0001752724-20-010821.hdr.sgml : 20200124 20200124142001 ACCESSION NUMBER: 0001752724-20-010821 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191130 FILED AS OF DATE: 20200124 PERIOD START: 20200228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Fidelity Rutland Square Trust II CENTRAL INDEX KEY: 0001364924 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21991 FILM NUMBER: 20544912 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0001364924 S000029153 Strategic Advisers Fidelity International Fund C000089635 Strategic Advisers Fidelity International Fund FUSIX NPORT-P 1 primary_doc.xml NPORT-P false 0001364924 XXXXXXXX S000029153 C000089635 FIDELITY RUTLAND SQUARE TRUST II 811-21991 0001364924 1KZ3JN58GDRI3EZKKG06 245 Summer Street Boston 02210 1-800-FIDELITY Strategic Advisers Fidelity International Fund S000029153 549300RL78WW24QSWN11 2020-02-28 2019-11-30 N 8768327753.51 4487279.39 8763840474.12 0 0 0 0 0 0 0 0 0 0 0 0 0 4919278.52 N GALAXY ENT GROUP LTD 549300ZSEBV3HR826S10 GALAXY ENT GROUP LTD N/A 396000.00000000 NS 2590020.69000000 0.029553489678 Long EC CORP HK N 1 N N N TDK CORP 3538005O8WNU39U8NX03 TDK CORP N/A 22200.00000000 NS 2335240.36000000 0.026646312959 Long EC CORP JP N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity Overseas Fund 316343102 26293958.76400000 NS USD 1328896675.93000000 15.16340558519 Long EC RF US N 1 N N N MTU AERO ENGINES AG 529900807L67JY81RD65 MTU AERO ENGINES AG N/A 12114.00000000 NS 3282077.74000000 0.037450222304 Long EC CORP DE N 1 N N N SHISEIDO CO LTD 5299008QCD0YDT5OF506 SHISEIDO CO LTD N/A 38800.00000000 NS 2803089.01000000 0.031984710564 Long EC CORP JP N 1 N N N UST BILLS N/A UST BILLS 0% 02/27/2020 912796SD2 980000.00000000 PA USD 976317.24000000 0.011140289954 Long DBT UST US N 2 2020-02-27 Fixed 0.00000000 N N N N N N ANTOFAGASTA PLC 213800MY6QVH4FVLD628 ANTOFAGASTA PLC N/A 272904.00000000 NS 3063577.75000000 0.034957023225 Long EC CORP GB N 1 N N N B and M EUROPEAN VALUE RETAIL S.A. 213800UK7ZRLY2K1X530 B and M EUROPEAN VALUE RETAIL S.A. N/A 320748.00000000 NS 1568862.07000000 0.017901536143 Long EC CORP LU N 1 N N N MERCK KGAA 529900OAREIS0MOPTW25 MERCK KGAA N/A 14061.00000000 NS 1642195.43000000 0.018738308106 Long EC CORP DE N 1 N N N BAYER AG 549300J4U55H3WP1XT59 BAYER AG N/A 60690.00000000 NS 4583588.76000000 0.052301143243 Long EC CORP DE N 2 N N N NIDEC CORP 353800IF171MZTNL6Y31 NIDEC CORP N/A 20700.00000000 NS 3062813.01000000 0.034948297142 Long EC CORP JP N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity Japan Smaller Companies Fund 315910760 2433573.06100000 NS USD 43658300.71000000 0.498164027961 Long EC RF US N 1 N N N COCA-COLA EUROPEAN PARTNERS PLC 549300LTH67W4GWMRF57 COCA-COLA EUROPEAN PARTNERS PLC N/A 46800.00000000 NS USD 2361528.00000000 0.026946268670 Long EC CORP GB N 1 N N N KERING SA 549300VGEJKB7SVUZR78 KERING N/A 3610.00000000 NS 2174498.15000000 0.024812160335 Long EC CORP FR N 1 N N N NESTLE SA KY37LUS27QQX7BB93L28 NESTLE SA (REG) N/A 92479.00000000 NS 9603465.69000000 0.109580562521 Long EC CORP CH N 2 N N N MITSUBISHI ESTATE CO LTD 353800KOFMRGOXSJ5Z65 MITSUBISHI ESTATE CO LTD N/A 157400.00000000 NS 2886337.96000000 0.032934624592 Long EC CORP JP N 1 N N N VODAFONE GRP PLC 213800TB53ELEUKM7Q61 VODAFONE GROUP PLC N/A 2337505.00000000 NS 4636218.85000000 0.052901680076 Long EC CORP GB N 1 N N N TEVA PHARMACEUTICAL INDS LTD 549300BAFGM4RC74ZJ94 TEVA PHARMACEUTICAL IND ADR 881624209 106700.00000000 NS USD 1111814.00000000 0.012686378800 Long EC CORP IL N 1 N N N LONDON STOCK EXCHANGE PLC 213800QAUUUP6I445N30 LONDON STOCK EXCHANGE GRP PLC N/A 26794.00000000 NS 2382568.58000000 0.027186352684 Long EC CORP GB N 2 N N N IDEMITSU KOSAN CO LTD 549300P0R46FF6DUA630 IDEMITSU KOSAN CO LTD N/A 69800.00000000 NS 1906072.02000000 0.021749277906 Long EC CORP JP N 1 N N N UST BILLS N/A UST BILLS 0% 02/20/2020 912796TG4 1660000.00000000 PA USD 1654254.56000000 0.018875909082 Long DBT UST US N 2 2020-02-20 Fixed 0.00000000 N N N N N N TERUMO CORP 353800JX1R4582QVK932 TERUMO CORP N/A 68900.00000000 NS 2418615.43000000 0.027597666081 Long EC CORP JP N 1 N N N FIDELITY REVERE STREET TRUST 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 1720662.64200000 NS USD 1720834.71000000 0.019635623390 Long STIV RF US N 1 N N AMUNDI SA 96950010FL2T1TJKR531 AMUNDI SA N/A 41786.00000000 NS 3162935.26000000 0.036090744341 Long EC CORP FR N 1 N N N IMPERIAL BRANDS PLC 549300DFVPOB67JL3A42 IMPERIAL BRANDS PLC N/A 95278.00000000 NS 2098734.79000000 0.023947660802 Long EC CORP GB N 1 N N N WOLTERS KLUWER NV 724500TEM53I0U077B74 WOLTERS KLUWER NV N/A 14945.00000000 NS 1072950.68000000 0.012242928008 Long EC CORP NL N 1 N N N DAIMLER AG 529900R27DL06UVNT076 DAIMLER AG N/A 92978.00000000 NS 5245089.79000000 0.059849215711 Long EC CORP DE N 1 N N N SONY CORP 529900R5WX9N2OI2N910 SONY CORP N/A 87900.00000000 NS 5577950.48000000 0.063647330145 Long EC CORP JP N 2 N N N TOKIO MARINE HOLDINGS INC 5299009QN2NZ191KLS29 TOKIO MARINE HOLDINGS INC N/A 92700.00000000 NS 5042500.46000000 0.057537565578 Long EC CORP JP N 1 N N N RENTOKIL INITIAL PLC 549300VN4WV7Z6T14K68 RENTOKIL INITIAL PLC N/A 192122.00000000 NS 1105449.19000000 0.012613752991 Long EC CORP GB N 1 N N N VINCI S A 213800WFQ334R8UXUG83 VINCI SA N/A 71881.00000000 NS 7839066.09000000 0.089447840968 Long EC CORP FR N 1 N N N DENSO CORP 549300RYPA10CQM3QK38 DENSO CORP N/A 134200.00000000 NS 5994969.84000000 0.068405738987 Long EC CORP JP N 1 N N N ADEVINTA ASA 529900W8V3YLHRSZH763 ADEVINTA ASA N/A 151794.00000000 NS 1580364.39000000 0.018032783625 Long EC CORP NO N 1 N N N AP MOLLER MAERSK AS 549300D2K6PKKKXVNN73 A P MOLLER - MAERSK A/S B N/A 1076.00000000 NS 1503856.55000000 0.017159789186 Long EC CORP DK N 1 N N N AKASOL GMBH 529900ZMVBM4A9UBTH42 AKASOL GMBH N/A 19900.00000000 NS 738900.13000000 0.008431236649 Long EC CORP DE N 1 N N CSL LTD 529900ECSECK5ZDQTE14 CSL LIMITED N/A 21589.00000000 NS 4139601.63000000 0.047235018052 Long EC CORP AU N 1 N N N ICE FUTURES US N/A MSCI EAFE FUT DEC19 MFSZ9 N/A 2890.00000000 NC USD 7384086.05000000 0.084256280928 N/A DE CORP US N 1 ICE FUTURES US N/A Long MSCI EAFE INDX(UN FOR FUTURES) EI09MXEA 2019-12-20 278335763.95 USD 7384086.05 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity Pacific Basin Fund 316343201 4884670.83200000 NS USD 161975684.79000000 1.848227215777 Long EC RF US N 1 N N N ZOZO INC 549300GC7XPQMZA0OW13 ZOZO INC N/A 47000.00000000 NS 935962.35000000 0.010679819569 Long EC CORP JP N 1 N N N MITSUBISHI UFJ FIN GRP INC 353800V2V8PUY9TK3E06 MITSUBISHI UFJ FINL GRP INC N/A 1264000.00000000 NS 6700199.56000000 0.076452778662 Long EC CORP JP N 2 N N N JULIUS BAER GROUP LTD 5299007MF0604ZGJER92 JULIUS BAER GRUPPE AG N/A 45709.00000000 NS 2153096.44000000 0.024567955639 Long EC CORP CH N 2 N N N SMC CORP N/A SMC CORP N/A 2300.00000000 NS 1042798.39000000 0.011898874621 Long EC CORP JP N 1 N N N RWE AG 529900GB7KCA94ACC940 RWE AG N/A 164218.00000000 NS 4868971.39000000 0.055557508199 Long EC CORP DE N 1 N N N FIDELITY ADVISOR SERIES VIII 7NCVLVDHSF9IBHF3E783 Fidelity Advisor Overseas Fund - Class I 315918508 3075382.43500000 NS USD 77807175.61000000 0.887820537580 Long EC RF US N 1 N N N OCADO GROUP PLC 213800LO8F61YB8MBC74 OCADO GROUP PLC N/A 83524.00000000 NS 1431286.07000000 0.016331722082 Long EC CORP GB N 1 N N N STATE STR INVT TR 549300CCOK7OZZUAS108 State Street Instl US Govt MMkt Premier 857492706 325035554.13000000 NS USD 325035554.13000000 3.708825543890 Long EC RF US N 1 N N N JSR CORP 353800TL8FC0AWR22506 JSR CORP N/A 213400.00000000 NS 3777698.78000000 0.043105517394 Long EC CORP JP N 1 N N N ZURICH INS GROUP LTD 529900QVNRBND50TXP03 ZURICH INSURANCE GROUP AG N/A 16296.00000000 NS 6395451.11000000 0.072975439579 Long EC CORP CH N 2 N N N ROLLS-ROYCE HOLDINGS PLC 213800EC7997ZBLZJH69 ROLLS-ROYCE HOLDINGS PLC N/A 3670478.00000000 NS 4747.03000000 0.000054166093 Long EC CORP GB N 1 N N N FERROVIAL SA 95980020140005757903 FERROVIAL SA N/A 1854.00000000 NS 55051.77000000 0.000628169467 Long EC CORP ES N 1 N N UST BILLS N/A UST BILLS 0% 02/06/2020 912796TE9 5500000.00000000 PA USD 5484270.00000000 0.062578386909 Long DBT UST US N 2 2020-02-06 Fixed 0.00000000 N N N N N N BP PLC 213800LH1BZH3DI6G760 BP PLC N/A 2334305.00000000 NS 14539233.69000000 0.165900254950 Long EC CORP GB N 2 N N N DISCO CORP N/A DISCO CORP N/A 5100.00000000 NS 1100913.91000000 0.012562003076 Long EC CORP JP N 1 N N N LVMH MOET HENNESSY SE IOG4E947OATN0KJYSD45 LVMH MOET HENNESSY LOUIS VUITTON SE N/A 24321.00000000 NS 10888554.70000000 0.124244099743 Long EC CORP FR N 2 N N N INFORMA PLC 5493006VM2LKUPSEDU20 INFORMA PLC N/A 222675.00000000 NS 2279117.87000000 0.026005926017 Long EC CORP GB N 1 N N N ORIENTAL LAND CO LTD 353800PIFKBZ6KTU5994 ORIENTAL LAND CO LTD N/A 4600.00000000 NS 636693.47000000 0.007265005243 Long EC CORP JP N 1 N N N SVENSKA HANDELSBANKEN AB NHBDILHZTYCNBV5UYZ31 SVENSKA HANDELSBANKEN SER A N/A 251263.00000000 NS 2466359.52000000 0.028142451101 Long EC CORP SE N 1 N N N FIDELITY SALEM STREET TRUST S4W85DGKOEJ24DPRB829 Fidelity SAI International Low Volatility Index Fund 31635V877 66087971.46900000 NS USD 764637829.90000000 8.724917256972 Long EC RF US N 1 N N N KEYENCE CORP 529900M7PQBS7A89DZ11 KEYENCE CORP N/A 14000.00000000 NS 4790349.11000000 0.054660386894 Long EC CORP JP N 1 N N N SCHIBSTED ASA 5967007LIEEXZXHT0O36 SCHIBSTED ASA A SHARES N/A 76356.00000000 NS 2090912.94000000 0.023858409405 Long EC CORP NO N 1 N N N VESTAS WIND SYSTEMS AS 549300DYMC8BGZZC8844 VESTAS WIND SYSTEMS AS N/A 35807.00000000 NS 3407801.84000000 0.038884799992 Long EC CORP DK N 1 N N N FANUC CORPORATION 529900QTSW745LOKW705 FANUC CORPORATION N/A 21700.00000000 NS 4143454.54000000 0.047278981768 Long EC CORP JP N 2 N N N SVENSKA CELLULOSA AB SCA 549300FW5JDRV1IJ0M67 SVENSKA CELLULOSA AB CL B N/A 302838.00000000 NS 3013722.49000000 0.034388148653 Long EC CORP SE N 1 N N N ASM PACIFIC TECHNOLOGY LTD 529900PYFA1HFYKPT360 ASM PACIFIC TECHNOLOGY LTD N/A 122900.00000000 NS 1604504.23000000 0.018308231816 Long EC CORP KY N 1 N N N UST BILLS N/A UST BILLS 0% 12/12/2019 912796SW0 2570000.00000000 PA USD 2568873.67000000 0.029312191128 Long DBT UST US N 2 2019-12-12 Fixed 0.00000000 N N N N N N ANGLO AMERICAN PLC 549300S9XF92D1X8ME43 ANGLO AMERICAN PLC N/A 330478.00000000 NS 8661406.91000000 0.098831179499 Long EC CORP GB N 1 N N N RENESAS ELECTRONICS CORP 5299000EPC47VJQOFB81 RENESAS ELECTRONICS CORP N/A 167900.00000000 NS 1094065.98000000 0.012483864616 Long EC CORP JP N 1 N N N THK CO LTD N/A THK CO LTD N/A 104400.00000000 NS 2933924.33000000 0.033477609943 Long EC CORP JP N 1 N N N COMPASS GROUP PLC 2138008M6MH9OZ6U2T68 COMPASS GROUP PLC N/A 82389.00000000 NS 2018727.17000000 0.023034732044 Long EC CORP GB N 2 N N N MITSUI FUDOSAN CO LTD 353800ND4ZKNZDYKMF33 MITSUI FUDOSAN CO N/A 80500.00000000 NS 2003303.78000000 0.022858743103 Long EC CORP JP N 1 N N N OLYMPUS CORP 5299000Y52IFDI1I2A21 OLYMPUS CORP N/A 109300.00000000 NS 1622218.97000000 0.018510366257 Long EC CORP JP N 1 N N N QBE INS GROUP LTD 549300D2FBW76FPUSG65 QBE INSURANCE GROUP LTD N/A 188728.00000000 NS 1618673.25000000 0.018469907739 Long EC CORP AU N 1 N N N SAP SE 529900D6BF99LW9R2E68 SAP SE N/A 50263.00000000 NS 6828566.92000000 0.077917517327 Long EC CORP DE N 2 N N N TSURUHA HOLDINGS INC N/A TSURUHA HOLDINGS INC N/A 17700.00000000 NS 2107759.09000000 0.024050632781 Long EC CORP JP N 1 N N N TOYOTA MOTOR CORP 5493006W3QUS5LMH6R84 TOYOTA MOTOR CORP N/A 56900.00000000 NS 3980649.52000000 0.045421291404 Long EC CORP JP N 2 N N N TOKYO ELECTRON LTD 549300H5LSF8DP3RIJ34 TOKYO ELECTRON LTD N/A 7400.00000000 NS 1528422.59000000 0.017440100541 Long EC CORP JP N 1 N N N SANOFI 549300E9PC51EN656011 SANOFI N/A 94499.00000000 NS 8809082.60000000 0.100516236300 Long EC CORP FR N 2 N N N UNILEVER NV 549300TK7G7NZTVM1Z30 UNILEVER NV (REGD) N/A 124452.00000000 NS 7404018.99000000 0.084483726191 Long EC CORP NL N 2 N N N SIKA AG 549300R3N69ECGYPU434 SIKA AG N/A 17435.00000000 NS 3035320.58000000 0.034634594148 Long EC CORP CH N 1 N N N UST BILLS N/A UST BILLS 0% 01/02/2020 912796RT8 430000.00000000 PA USD 429422.37000000 0.004899933667 Long DBT UST US N 2 2020-01-02 Fixed 0.00000000 N N N N N N ADIDAS AG 549300JSX0Z4CW0V5023 ADIDAS AG N/A 5029.00000000 NS 1566704.23000000 0.017876914060 Long EC CORP DE N 1 N N N TAISEI CORP 529900TF7XJKIOWMLQ79 TAISEI CORP N/A 36600.00000000 NS 1436638.64000000 0.016392797703 Long EC CORP JP N 1 N N N FERROVIAL SA 95980020140005757903 FERROVIAL SA N/A 116848.00000000 NS 3469627.24000000 0.039590260117 Long EC CORP ES N 1 N N N LUNDIN PETROLEUM AB 549300IULC8F8IGXKI15 LUNDIN PETROLEUM AB N/A 184836.00000000 NS 5697743.63000000 0.065014232593 Long EC CORP SE N 1 N N N UST BILLS N/A UST BILLS 0% 12/05/2019 912796RN1 1240000.00000000 PA USD 1239854.37000000 0.014147386338 Long DBT UST US N 2 2019-12-05 Fixed 0.00000000 N N N N N N AGC INC JE4WFFEELMVPFZ0G1E77 AGC INC N/A 105000.00000000 NS 3833622.74000000 0.043743639005 Long EC CORP JP N 1 N N N DAVIDE CAMPARI-MILANO SPA 213800ED5AN2J56N6Z02 DAVIDE CAMPARI SPA MILANO N/A 200458.00000000 NS 1829863.41000000 0.020879697837 Long EC CORP IT N 1 N N N TOTAL SA 529900S21EQ1BO4ESM68 TOTAL SA N/A 237389.00000000 NS 12452190.99000000 0.142086007005 Long EC CORP FR N 2 N N N DELIVERY HERO SE 529900C3EX1FZGE48X78 DELIVERY HERO SE N/A 47635.00000000 NS 2519243.65000000 0.028745886662 Long EC CORP DE N 1 N N N MONOTARO CO LTD N/A MONOTARO CO LTD N/A 84400.00000000 NS 2375726.56000000 0.027108281660 Long EC CORP JP N 1 N N N SIEMENS AG W38RGI023J3WT1HWRP32 SIEMENS AG (REGD) N/A 52739.00000000 NS 6796194.61000000 0.077548132352 Long EC CORP DE N 2 N N N IBERDROLA SA 5QK37QC7NWOJ8D7WVQ45 IBERDROLA SA N/A 315369.00000000 NS 3102517.59000000 0.035401347150 Long EC CORP ES N 2 N N N DANONE 969500KMUQ2B6CBAF162 DANONE SA N/A 65432.00000000 NS 5383897.25000000 0.061433081374 Long EC CORP FR N 2 N N N Z HOLDINGS COR 52990078MD2OL792YM35 Z HOLDINGS CORP N/A 1286800.00000000 NS 4433591.67000000 0.050589598054 Long EC CORP JP N 1 N N N CELLNEX TELECOM SAU 5493008T4YG3AQUI7P67 CELLNEX TELECOM SAU N/A 72425.00000000 NS 3112116.72000000 0.035510878240 Long EC CORP ES N 1 N N N UST BILLS N/A UST BILLS 0% 01/09/2020 912796TA7 630000.00000000 PA USD 628958.17000000 0.007176741428 Long DBT UST US N 2 2020-01-09 Fixed 0.00000000 N N N N N N FIDELITY SELECT PORTFOLIOS Z57125JG1LHEQKDYS630 FIDELITY INTERNATIONAL REAL ESTATE FUNDI 316389584 6249350.15300000 NS USD 78866798.93000000 0.899911393445 Long EC RF US N 1 N N N KAO CORPORATION 353800HM38HFCB8RGL63 KAO CORP N/A 55200.00000000 NS 4344565.89000000 0.049573767377 Long EC CORP JP N 1 N N N MORPHOSYS AG 529900493806K77LRE72 MORPHOSYS AG N/A 28014.00000000 NS 3463145.57000000 0.039516300875 Long EC CORP DE N 1 N N N ASTELLAS PHARMA INC 529900IB708DY2HBBB35 ASTELLAS PHARMA INC N/A 282200.00000000 NS 4816381.83000000 0.054957433835 Long EC CORP JP N 1 N N N PRUDENTIAL PLC 5493001Z3ZE83NGK8Y12 PRUDENTIAL PLC N/A 325391.00000000 NS 5775083.18000000 0.065896717278 Long EC CORP GB N 2 N N N UNILEVER PLC 549300MKFYEKVRWML317 UNILEVER PLC ORD N/A 60696.00000000 NS 3595481.79000000 0.041026326307 Long EC CORP GB N 2 N N N AIRBUS SE MINO79WLOO247M1IL051 AIRBUS SE N/A 15584.00000000 NS 2289987.76000000 0.026129957143 Long EC CORP NL N 2 N N N NITORI HOLDINGS CO LTD N/A NITORI HOLDINGS CO LTD N/A 10600.00000000 NS 1661396.45000000 0.018957401779 Long EC CORP JP N 1 N N N LENDLEASE GROUP N/A LENDLEASE GROUP (STAPLED) N/A 281736.00000000 NS 3679833.91000000 0.041988828081 Long EC CORP AU N 1 N N N TECHTRONIC INDUSTRIES CO LTD 549300HZW2SBE758OK89 TECHTRONIC INDUSTRIES CO LTD N/A 227500.00000000 NS 1710275.03000000 0.019515131922 Long EC CORP HK N 1 N N N UNITED OVERSEAS BANK LTD IO66REGK3RCBAMA8HR66 UNITED OVERSEAS BANK (LOC) N/A 90403.00000000 NS 1706789.60000000 0.019475361344 Long EC CORP SG N 1 N N N EQT AB 213800U7P9GOIRKCTB34 EQT AB N/A 171340.00000000 NS 2016427.76000000 0.023008494574 Long EC CORP SE N 1 N N N KONINKLIJKE AHOLD DELHAIZE NV 724500C9GNBV20UYRX36 KONINKLIJKE AHOLD DELHAIZE NV N/A 175617.00000000 NS 4523270.70000000 0.051612882655 Long EC CORP NL N 2 N N N AUSNET SERVICES LTD 529900PPFC4A1KRQ2S64 AUSNET SERVICES LTD N/A 3147777.00000000 NS 3704732.07000000 0.042272929099 Long EC CORP AU N 1 N N N HOYA CORP 353800X4VR3BHEUCJB42 HOYA CORP N/A 76000.00000000 NS 6938768.05000000 0.079174969814 Long EC CORP JP N 1 N N N MAKITA CORP 529900CDR9E94BCM6294 MAKITA CORP N/A 61900.00000000 NS 2047870.59000000 0.023367273697 Long EC CORP JP N 1 N N N KBC GROUPE SA/NV 213800X3Q9LSAKRUWY91 KBC GROUPE SA N/A 105720.00000000 NS 7704139.02000000 0.087908252583 Long EC CORP BE N 1 N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC N/A 6291436.00000000 NS 4959891.27000000 0.056594951547 Long EC CORP GB N 2 N N N WOODSIDE PETROLEUM LTD 2549005ZC5RXAOO7FH41 WOODSIDE PETROLEUM LTD 980228100 113009.00000000 NS 2637919.81000000 0.030100043671 Long EC CORP AU N 1 N N N BANDAI NAMCO HOLDINGS INC N/A BANDAI NAMCO HOLDINGS INC N/A 61800.00000000 NS 3748552.37000000 0.042772941623 Long EC CORP JP N 1 N N N ORIX CORP 35380016EMHNBOVYE123 ORIX CORP N/A 62700.00000000 NS 1027140.83000000 0.011720213678 Long EC CORP JP N 1 N N N FERRARI NV 549300RIVY5EX8RCON76 FERRARI NV N/A 18511.00000000 NS 3128657.38000000 0.035699615816 Long EC CORP NL N 1 N N N ENEL SOCIETA PER AZIONI WOCMU6HCI0OJWNPRZS33 ENEL (ENTE NAZ ENERG ELET) SPA N/A 685784.00000000 NS 5183213.66000000 0.059143176730 Long EC CORP IT N 2 N N N ORACLE CORPORATION JAPAN 529900MIMKY9RU60Z323 ORACLE CORPORATION JAPAN N/A 16900.00000000 NS 1555318.95000000 0.017747002065 Long EC CORP JP N 1 N N N TAKEDA PHARMACEUTICAL CO LTD 549300ZLMVP4X0OGR454 TAKEDA PHARMACEUTICAL CO LTD N/A 69000.00000000 NS 2811272.80000000 0.032078091885 Long EC CORP JP N 2 N N N ASML HOLDING NV 724500Y6DUVHQD6OXN27 ASML HOLDING NV N/A 13853.00000000 NS 3755334.90000000 0.042850333835 Long EC CORP NL N 2 N N N FIDELITY SALEM STREET TRUST S4W85DGKOEJ24DPRB829 Fidelity Sai International Value Index Fund 31635V182 114179376.05800000 NS USD 1066435372.38000000 12.16858494320 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 01/30/2020 912796RY7 340000.00000000 PA USD 339119.96000000 0.003869535975 Long DBT UST US N 2 2020-01-30 Fixed 0.00000000 N N N N N N ERICSSON 549300W9JLPW15XIFM52 ERICSSON (LM) TELE CO CL B N/A 497615.00000000 NS 4484399.01000000 0.051169336357 Long EC CORP SE N 1 N N N HEINEKEN NV 724500K5PTPSST86UQ23 HEINEKEN NV N/A 26719.00000000 NS 2768443.00000000 0.031589381483 Long EC CORP NL N 1 N N N VONOVIA SE 5299005A2ZEP6AP7KM81 VONOVIA SE N/A 93011.00000000 NS 4846256.47000000 0.055298319090 Long EC CORP DE N 1 N N N MACQUARIE GROUP LTD ACMHD8HWFMFUIQQ8Y590 MACQUARIE GROUP LTD N/A 60012.00000000 NS 5603741.72000000 0.063941621673 Long EC CORP AU N 1 N N N WEIR GROUP PLC 549300KDR56WHY9I3D10 WEIR GROUP PLC N/A 98012.00000000 NS 1768920.73000000 0.020184310009 Long EC CORP GB N 1 N N N ATOS SE 5493001EZOOA66PTBR68 ATOS SE N/A 31898.00000000 NS 2709517.19000000 0.030917007195 Long EC CORP FR N 2 N N N TREASURY WINE ESTATES LTD 529900LVOPJGAX6ILK66 TREASURY WINE ESTATES LTD N/A 386890.00000000 NS 4893647.80000000 0.055839078934 Long EC CORP AU N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity International Capital Appreciation Fund 315910810 48356612.59900000 NS USD 1107849994.64000000 12.64114742744 Long EC RF US N 1 N N N FORTUM OYJ 635400IUIZZIUJSAMF76 FORTUM OYJ N/A 217780.00000000 NS 5132530.56000000 0.058564856071 Long EC CORP FI N 1 N N N INTESA SANPAOLO SPA 2W8N8UU78PMDQKZENC08 INTESA SANPAOLO SPA N/A 1684682.00000000 NS 4262605.75000000 0.048638559346 Long EC CORP IT N 2 N N N RELX PLC 549300WSX3VBUFFJOO66 RELX PLC N/A 96943.00000000 NS 2348299.65000000 0.026795326283 Long EC CORP GB N 1 N N N EQUINOR ASA OW6OFBNCKXC4US5C7523 EQUINOR ASA N/A 133006.00000000 NS 2449290.60000000 0.027947685803 Long EC CORP NO N 1 N N TELEPERFORMANCE 9695004GI61FHFFNRG61 TELEPERFORMANCE N/A 17425.00000000 NS 4127755.96000000 0.047099852766 Long EC CORP FR N 1 N N N ALLIANZ SE 529900K9B0N5BT694847 ALLIANZ SE (REGD) N/A 24819.00000000 NS 5935929.00000000 0.067732052146 Long EC CORP DE N 2 N N N SWISS RE AG 529900PS9YW3YY29F326 SWISS RE LTD N/A 39300.00000000 NS 4257254.31000000 0.048577496618 Long EC CORP CH N 1 N N N STANDARD LIFE ABERDEEN PLC 0TMBS544NMO7GLCE7H90 STANDARD LIFE ABERDEEN PLC N/A 1291999.00000000 NS 5295216.20000000 0.060421184247 Long EC CORP GB N 1 N N N CAPGEMINI SA 96950077L0TN7BAROX36 CAPGEMINI SA (FF40) N/A 34267.00000000 NS 4053040.09000000 0.046247305641 Long EC CORP FR N 1 N N N BRITISH AMERICAN TOBACCO PLC 213800FKA5MF17RJKT63 BRITISH AMERICAN TOBACCO PLC N/A 103863.00000000 NS 4110768.30000000 0.046906014687 Long EC CORP GB N 2 N N N MORPHOSYS AG 529900493806K77LRE72 MORPHOSYS AG SPONSORED ADR 617760202 61700.00000000 NS USD 1889254.00000000 0.021557375508 Long EC CORP DE N 1 N N N TALANX AG 5299006ZIILJ6VJVSJ32 TALANX AKTIENGESELLSCHAFT N/A 39158.00000000 NS 1866421.74000000 0.021296847489 Long EC CORP DE N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity International Small Cap Opportunities Fund 315910562 4034932.58700000 NS USD 80739001.07000000 0.921274198320 Long EC RF US N 1 N N N INVESTOR AB 549300VEBQPHRZBKUX38 INVESTOR AB SER B N/A 39840.00000000 NS 2105918.02000000 0.024029625210 Long EC CORP SE N 1 N N N HEIDELBERGCEMENT AG LZ2C6E0W5W7LQMX5ZI37 HEIDELBERGCEMENT AG N/A 24514.00000000 NS 1812339.13000000 0.020679736644 Long EC CORP DE N 1 N N N CK ASSET HOLDINGS LTD 5299006GJZSGP78B8S35 CK ASSET HOLDINGS LTD N/A 284500.00000000 NS 1891651.34000000 0.021584730411 Long EC CORP KY N 1 N N N ERSTE GROUP BANK AG (UNGTD) PQOH26KWDF7CG10L6792 ERSTE GROUP BANK AG N/A 32541.00000000 NS 1165244.39000000 0.013296047474 Long EC CORP AT N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity Diversified International Fund 315910802 32509351.21200000 NS USD 1281843718.29000000 14.62650674753 Long EC RF US N 1 N N N WOOLWORTHS GROUP LTD QNWEWQBS7HP85QHXQL92 WOOLWORTHS GROUP LTD N/A 92416.00000000 NS 2485404.85000000 0.028359768269 Long EC CORP AU N 1 N N N PROSUS NV 635400Z5LQ5F9OLVT688 PROSUS NV N/A 23100.00000000 NS 1574689.25000000 0.017968027312 Long EC CORP NL N 1 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC N/A 125995.00000000 NS 4820390.28000000 0.055003172344 Long EC CORP IE N 2 N N N SUBARU CORP 549300N244BVAEE6HH86 SUBARU CORP N/A 128800.00000000 NS 3374202.16000000 0.038501410083 Long EC CORP JP N 1 N N N DAIICHI SANKYO CO LTD 353800XGIU2IHQGC9504 DAIICHI SANKYO CO LTD N/A 38300.00000000 NS 2401888.14000000 0.027406798960 Long EC CORP JP N 1 N N N LONZA GROUP AG 549300EFW4H2TCZ71055 LONZA GROUP AG N/A 12822.00000000 NS 4355440.06000000 0.049697847340 Long EC CORP CH N 1 N N N DIAGEO PLC 213800ZVIELEA55JMJ32 DIAGEO PLC N/A 190805.00000000 NS 7795675.81000000 0.088952735196 Long EC CORP GB N 2 N N N HKT TRUST AND HKT LTD N/A HKT TRUST AND HKT LTD(STAPLED) N/A 3791000.00000000 NS 5559474.72000000 0.063436512068 Long EC CORP HK N 1 N N N DBS GROUP HLDGS LTD 5493007FKT78NKPM5V55 DBS GROUP HOLDINGS LTD N/A 206900.00000000 NS 3819994.88000000 0.043588138000 Long EC CORP SG N 1 N N N ROCHE HOLDING LTD 549300U41AUUVOAAOB37 ROCHE HOLDINGS AG (GENUSSCHEINE) N/A 53564.00000000 NS 16513404.98000000 0.188426581117 Long EC CORP CH N 2 N N N EXPERIAN PLC 635400RXXHHYT1JTSZ26 EXPERIAN PLC N/A 94462.00000000 NS 3133414.60000000 0.035753898182 Long EC CORP JE N 2 N N N MINEBEA MITSUMI INC 353800CCB0CZ75YZ4010 MINEBEA MITSUMI INC N/A 137900.00000000 NS 2676837.87000000 0.030544119075 Long EC CORP JP N 1 N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC N/A 463446.00000000 NS 4180039.26000000 0.047696432543 Long EC CORP GB N 1 N N N DSV AS 529900X41C0BSLK67H70 DSV PANALPINA A/S N/A 26470.00000000 NS 2882193.04000000 0.032887328888 Long EC CORP DK N 1 N N N BAYERISCHE MOTOREN WERKE (BMW) AG YEH5ZCD6E441RHVHD759 BMW AG N/A 34271.00000000 NS 2767792.43000000 0.031581958140 Long EC CORP DE N 1 N N N DEUTSCHE POST AG 8ER8GIG7CSMVD8VUFE78 DEUTSCHE POST AG N/A 140028.00000000 NS 5220931.63000000 0.059573558480 Long EC CORP DE N 1 N N N NIPPON TELEG and TEL CORP 353800VHQU5VIXVUA841 NIPPON TELEGRAPH and TELEPHONE N/A 117400.00000000 NS 5930084.08000000 0.067665358554 Long EC CORP JP N 1 N N N ASTRAZENECA PLC PY6ZZQWO2IZFZC3IOL08 ASTRAZENECA PLC N/A 156033.00000000 NS 15074006.73000000 0.172002294821 Long EC CORP GB N 2 N N N SOFTBANK GROUP CORP 5493003BZYYYCDIO0R13 SOFTBANK GROUP CORP N/A 192700.00000000 NS 7489975.32000000 0.085464532839 Long EC CORP JP N 1 N N N CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 NIKKEI 225 (CME) FUT DEC19 NXZ9 N/A 250.00000000 NC USD 2809945.89000000 0.032062951149 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 Long NIKKEI 225 INDX EI09NKY 2019-12-12 26352554.11 USD 2809945.89 N N N UST BILLS N/A UST BILLS 0% 02/13/2020 912796TF6 360000.00000000 PA USD 358868.50000000 0.004094877138 Long DBT UST US N 2 2020-02-13 Fixed 0.00000000 N N N N N N UST BILLS N/A UST BILLS 0% 01/23/2020 912796TC3 530000.00000000 PA USD 528803.82000000 0.006033927951 Long DBT UST US N 2 2020-01-23 Fixed 0.00000000 N N N N N N NEWCREST MNG LTD 5299006MN50OZJUJI655 NEWCREST MINING LTD N/A 109290.00000000 NS 2273894.73000000 0.025946327260 Long EC CORP AU N 1 N N N ASAHI GROUP HOLDINGS LTD 353800KAJ02XNHLCJW79 ASAHI GROUP HOLDINGS LTD N/A 18100.00000000 NS 871089.38000000 0.009939585077 Long EC CORP JP N 1 N N N LAND SECURITIES GROUP PLC 213800V8IAVKS37D6B88 LAND SECURITIES GROUP PLC N/A 196678.00000000 NS 2437821.30000000 0.027816815096 Long EC CORP GB N 1 N N N SHIN ETSU CHEM CO LTD 353800PX8Q64N86H5W41 SHIN-ETSU CHEMICAL CO LTD N/A 32900.00000000 NS 3536389.96000000 0.040352057644 Long EC CORP JP N 2 N N N WESTPAC BANKING CORPORATION EN5TNI6CI43VEPAMHL14 WESTPAC BANKING CORP N/A 349391.00000000 NS 5829374.72000000 0.066516212124 Long EC CORP AU N 2 N N N QANTAS AIRWAYS LTD YLXNW6TI6QSK1H8H0N82 QANTAS AIRWAYS LTD N/A 385460.00000000 NS 1903293.55000000 0.021717574111 Long EC CORP AU N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 FIDELITY ADVISOR INTERNATIONAL VALUE FUND 315910489 25377057.94600000 NS USD 211898433.85000000 2.417871873361 Long EC RF US N 1 N N N ISUZU MOTORS LTD 529900C0QSXVCC7AR494 ISUZU MOTORS LTD N/A 264700.00000000 NS 3097681.87000000 0.035346169058 Long EC CORP JP N 1 N N N PIRELLI and C SPA 815600A0C9AFC1F2A709 PIRELLI and C SPA N/A 410059.00000000 NS 2326785.47000000 0.026549838245 Long EC CORP IT N 1 N N N SUZUKI MTR CORP 353800D83H0V3ZV1SV24 SUZUKI MOTOR CORP N/A 55600.00000000 NS 2467497.72000000 0.028155438557 Long EC CORP JP N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 FIDELITY JAPAN FUND/UNITED STATESI 31618H614 16348410.68100000 NS USD 264190316.60000000 3.014549584513 Long EC RF US N 1 N N N HITACHI HIGH TECHNOLOGIES CORP 353800W8CVM6G32NTH93 HITACHI HIGH TECHNOLOGIES CORP N/A 64300.00000000 NS 4195777.74000000 0.047876016826 Long EC CORP JP N 1 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA N/A 249651.00000000 NS 6792313.18000000 0.077503843207 Long EC CORP FR N 2 N N N MEDIOBANCA SPA PSNL19R2RXX5U3QWHI44 MEDIOBANCA SPA N/A 189195.00000000 NS 2115818.76000000 0.024142597828 Long EC CORP IT N 1 N N N PARK24 CO LTD 549300LFG2WZWCWM4M68 PARK24 CO LTD N/A 50100.00000000 NS 1211062.88000000 0.013818860390 Long EC CORP JP N 1 N N N STORA ENSO CORP 7437000ZP669LKUTZ738 STORA ENSO AB R 1/10 VTG(FINL) N/A 217127.00000000 NS 2918612.44000000 0.033302893276 Long EC CORP FI N 1 N N N COMMONWEALTH BANK OF AUSTRALIA MSFSBD3QN1GSN7Q6C537 COMMONWEALTH BK OF AUSTRALIA N/A 98968.00000000 NS 5410248.82000000 0.061733766560 Long EC CORP AU N 1 N N N NOVARTIS AG 5493007HIVTX6SY6XD66 NOVARTIS AG (REG) N/A 48891.00000000 NS 4507061.99000000 0.051427932803 Long EC CORP CH N 2 N N N RECRUIT HOLDINGS CO LTD 353800R2LRSMVVC4I806 RECRUIT HOLDINGS CO LTD N/A 135000.00000000 NS 4893530.62000000 0.055837741849 Long EC CORP JP N 2 N N N AIA GROUP LTD ZP5ILWVSYE4LJGMMVD57 AIA GROUP LTD N/A 637600.00000000 NS 6380595.10000000 0.072805924740 Long EC CORP HK N 2 N N N SINO LAND LTD 529900G5P51053HJVZ92 SINO LAND CO N/A 1229959.00000000 NS 1844577.13000000 0.021047589072 Long EC CORP HK N 1 N N N UPM KYMMENE CORP 213800EC6PW5VU4J9U64 UPM KYMMENE CORP N/A 88409.00000000 NS 2953441.96000000 0.033700316302 Long EC CORP FI N 1 N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC HOLDINGS PLC N/A 491909.00000000 NS 3664772.42000000 0.041816968608 Long EC CORP GB N 2 N N N REXEL SA 969500N6AVPA51648T62 REXEL SA N/A 269957.00000000 NS 3294132.74000000 0.037587776155 Long EC CORP FR N 1 N N N NN GROUP NV 724500OHYNDT9OY6Q215 NN GROUP NV N/A 100477.00000000 NS 3856981.64000000 0.044010176262 Long EC CORP NL N 1 N N N FIDELITY INVESTMENT TRUST MXNTE4GH7BW81YELH558 Fidelity International Discovery Fund 315910208 28639992.88000000 NS USD 1274479683.16000000 14.54247925807 Long EC RF US N 1 N N N NINTENDO CO LTD 353800FEEXU6I9M0ZF27 NINTENDO CO LTD N/A 7800.00000000 NS 3020438.26000000 0.034464779099 Long EC CORP JP N 2 N N N NETCOMPANY GROUP AS 5299006DEGAWX1Z1X779 NETCOMPANY GROUP AS N/A 58725.00000000 NS 2480124.46000000 0.028299516260 Long EC CORP DK N 1 N N N EDENRED 9695006LOD5B2D7Y0N70 EDENRED N/A 61325.00000000 NS 3043933.21000000 0.034732868757 Long EC CORP FR N 1 N N N ASHTEAD GROUP PLC 2138007UTBN8X9K1A235 ASHTEAD GROUP PLC N/A 58155.00000000 NS 1767478.76000000 0.020167856377 Long EC CORP GB N 1 N N N HITACHI LTD 549300T6IPOCDWLKC615 HITACHI LTD N/A 46000.00000000 NS 1807713.40000000 0.020626954647 Long EC CORP JP N 1 N N N ITOCHU CORPORATION J48DJYXDTLHM30UMYI18 ITOCHU CORP N/A 276000.00000000 NS 6023469.20000000 0.068730931579 Long EC CORP JP N 1 N N N COMPAGNIE DE ST GOBAIN NFONVGN05Z0FMN5PEC35 ST GOBAIN CIE DE N/A 80968.00000000 NS 3278487.42000000 0.037409254877 Long EC CORP FR N 1 N N N SUMITOMO MITSUI FINL GRP INC 35380028MYWPB6AUO129 SUMITOMO MITSUI FINL GROUP INC N/A 186800.00000000 NS 6839935.13000000 0.078047234545 Long EC CORP JP N 2 N N N DAIKIN INDUSTRIES LTD 549300Y7FWSTSHMW5Y57 DAIKIN INDUSTRIES LTD N/A 20000.00000000 NS 2881224.20000000 0.032876273917 Long EC CORP JP N 2 N N N LEG IMMOBILIEN GMBH 391200SO40AKONBO0Z96 LEG IMMOBILIEN GMBH N/A 36190.00000000 NS 4085105.83000000 0.046613192493 Long EC CORP DE N 1 N N N UST BILLS N/A UST BILLS 0% 01/16/2020 912796TB5 160000.00000000 PA USD 159687.50000000 0.001822117831 Long DBT UST US N 2 2020-01-16 Fixed 0.00000000 N N N N N N 2020-01-16 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_1848_20191130.htm

Quarterly Holdings Report
for

Strategic Advisers® Fidelity® International Fund

Offered exclusively to certain clients of Strategic Advisers LLC - not available for sale to the general public

November 30, 2019







SIL-QTLY-0120
1.912843.109





Schedule of Investments November 30, 2019 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 7.7%   
 Shares Value 
COMMUNICATION SERVICES - 0.5%   
Diversified Telecommunication Services - 0.2%   
Cellnex Telecom SA (a) 72,425 $3,112,117 
HKT Trust/HKT Ltd. unit 3,791,000 5,559,475 
Nippon Telegraph & Telephone Corp. 117,400 5,930,084 
  14,601,676 
Entertainment - 0.0%   
Nintendo Co. Ltd. 7,800 3,020,438 
Interactive Media & Services - 0.1%   
Adevinta ASA Class B 151,794 1,580,364 
Yahoo! Japan Corp. 1,286,800 4,433,592 
  6,013,956 
Media - 0.1%   
Informa PLC 222,675 2,279,118 
Schibsted ASA (A Shares) 76,356 2,090,913 
  4,370,031 
Wireless Telecommunication Services - 0.1%   
SoftBank Corp. 192,700 7,489,975 
Vodafone Group PLC 2,337,505 4,636,219 
  12,126,194 
TOTAL COMMUNICATION SERVICES  40,132,295 
CONSUMER DISCRETIONARY - 0.8%   
Auto Components - 0.1%   
DENSO Corp. 134,200 5,994,970 
Pirelli & C. SpA (a) 410,059 2,326,785 
  8,321,755 
Automobiles - 0.3%   
Bayerische Motoren Werke AG (BMW) 34,271 2,767,792 
Daimler AG (Germany) 92,978 5,245,090 
Ferrari NV 18,511 3,128,657 
Isuzu Motors Ltd. 264,700 3,097,682 
Subaru Corp. 128,800 3,374,202 
Suzuki Motor Corp. 55,600 2,467,498 
Toyota Motor Corp. 56,900 3,980,650 
  24,061,571 
Hotels, Restaurants & Leisure - 0.0%   
Compass Group PLC 82,389 2,018,727 
Galaxy Entertainment Group Ltd. 396,000 2,590,021 
Oriental Land Co. Ltd. 4,600 636,693 
  5,245,441 
Household Durables - 0.1%   
Sony Corp. 87,900 5,577,950 
Internet & Direct Marketing Retail - 0.1%   
Delivery Hero AG (a)(b) 47,635 2,519,244 
Ocado Group PLC (b) 115,140 1,973,065 
Prosus NV (b) 23,100 1,574,689 
Zozo, Inc. 47,000 935,962 
  7,002,960 
Leisure Products - 0.0%   
Bandai Namco Holdings, Inc. 61,800 3,748,552 
Multiline Retail - 0.0%   
B&M European Value Retail SA 320,748 1,568,862 
Specialty Retail - 0.0%   
Nitori Holdings Co. Ltd. 10,600 1,661,396 
Textiles, Apparel & Luxury Goods - 0.2%   
adidas AG 5,029 1,566,704 
Kering SA 3,610 2,174,498 
LVMH Moet Hennessy Louis Vuitton SE 24,321 10,888,555 
  14,629,757 
TOTAL CONSUMER DISCRETIONARY  71,818,244 
CONSUMER STAPLES - 0.8%   
Beverages - 0.2%   
Asahi Group Holdings 18,100 871,089 
Coca-Cola European Partners PLC 46,800 2,361,528 
Davide Campari-Milano SpA 200,458 1,829,863 
Diageo PLC 190,805 7,795,676 
Heineken NV (Bearer) 26,719 2,768,443 
Treasury Wine Estates Ltd. 386,890 4,893,648 
  20,520,247 
Food & Staples Retailing - 0.1%   
Koninklijke Ahold Delhaize NV 175,617 4,523,271 
Tsuruha Holdings, Inc. 17,700 2,107,759 
Woolworths Group Ltd. 92,416 2,485,405 
  9,116,435 
Food Products - 0.2%   
Danone SA 65,432 5,383,897 
Nestle SA (Reg. S) 92,479 9,603,466 
  14,987,363 
Personal Products - 0.2%   
Kao Corp. 55,200 4,344,566 
Shiseido Co. Ltd. 38,800 2,803,089 
Unilever NV 124,452 7,404,019 
Unilever PLC 60,696 3,595,482 
  18,147,156 
Tobacco - 0.1%   
British American Tobacco PLC (United Kingdom) 103,863 4,110,768 
Imperial Brands PLC 95,278 2,098,735 
  6,209,503 
TOTAL CONSUMER STAPLES  68,980,704 
ENERGY - 0.4%   
Oil, Gas & Consumable Fuels - 0.4%   
BP PLC 2,334,305 14,539,234 
Equinor ASA (c) 133,006 2,449,291 
Idemitsu Kosan Co. Ltd. 69,800 1,906,072 
Lundin Petroleum AB 184,836 5,697,744 
Total SA 237,389 12,452,191 
Woodside Petroleum Ltd. 113,009 2,637,920 
  39,682,452 
FINANCIALS - 1.5%   
Banks - 0.7%   
Commonwealth Bank of Australia 98,968 5,410,249 
DBS Group Holdings Ltd. 206,900 3,819,995 
Erste Group Bank AG 32,541 1,165,244 
HSBC Holdings PLC (United Kingdom) 491,909 3,664,772 
Intesa Sanpaolo SpA 1,684,682 4,262,606 
KBC Groep NV 105,720 7,704,139 
Lloyds Banking Group PLC 6,291,436 4,959,891 
Mediobanca SpA 189,195 2,115,819 
Mitsubishi UFJ Financial Group, Inc. 1,264,000 6,700,200 
Standard Chartered PLC (United Kingdom) 463,446 4,180,039 
Sumitomo Mitsui Financial Group, Inc. 186,800 6,839,935 
Svenska Handelsbanken AB (A Shares) 251,263 2,466,360 
United Overseas Bank Ltd. 90,403 1,706,790 
Westpac Banking Corp. 349,391 5,829,375 
  60,825,414 
Capital Markets - 0.2%   
Amundi SA (a) 41,786 3,162,935 
EQT AB (b) 171,340 2,016,428 
Julius Baer Group Ltd. 45,709 2,153,096 
London Stock Exchange Group PLC 26,794 2,382,569 
Macquarie Group Ltd. 60,012 5,603,742 
Standard Life PLC 1,291,999 5,295,216 
  20,613,986 
Diversified Financial Services - 0.0%   
Investor AB (B Shares) 39,840 2,105,918 
ORIX Corp. 62,700 1,027,141 
  3,133,059 
Insurance - 0.6%   
AIA Group Ltd. 637,600 6,380,595 
Allianz SE 24,819 5,935,929 
AXA SA 249,651 6,792,313 
NN Group NV 100,477 3,856,982 
Prudential PLC 325,391 5,775,083 
QBE Insurance Group Ltd. 188,728 1,618,673 
Swiss Re Ltd. 39,300 4,257,254 
Talanx AG 39,158 1,866,422 
Tokio Marine Holdings, Inc. 92,700 5,042,500 
Zurich Insurance Group Ltd. 16,296 6,395,451 
  47,921,202 
TOTAL FINANCIALS  132,493,661 
HEALTH CARE - 1.0%   
Biotechnology - 0.1%   
CSL Ltd. 21,589 4,139,602 
Morphosys AG (b) 28,804 3,560,807 
Morphosys AG sponsored ADR (b) 61,700 1,889,254 
  9,589,663 
Health Care Equipment & Supplies - 0.1%   
Hoya Corp. 76,000 6,938,768 
Olympus Corp. 109,300 1,622,219 
Terumo Corp. 68,900 2,418,615 
  10,979,602 
Life Sciences Tools & Services - 0.1%   
Lonza Group AG 12,822 4,355,440 
Pharmaceuticals - 0.7%   
Astellas Pharma, Inc. 282,200 4,816,382 
AstraZeneca PLC (United Kingdom) 156,033 15,074,007 
Bayer AG 60,690 4,583,589 
Daiichi Sankyo Kabushiki Kaisha 38,300 2,401,888 
Novartis AG 48,891 4,507,062 
Roche Holding AG (participation certificate) 53,564 16,513,405 
Sanofi SA 94,499 8,809,083 
Takeda Pharmaceutical Co. Ltd. 69,000 2,811,273 
Teva Pharmaceutical Industries Ltd. sponsored ADR (b) 106,700 1,111,814 
  60,628,503 
TOTAL HEALTH CARE  85,553,208 
INDUSTRIALS - 1.2%   
Aerospace & Defense - 0.1%   
Airbus Group NV 15,584 2,289,988 
MTU Aero Engines Holdings AG 12,114 3,282,078 
Rolls-Royce Holdings PLC (C Shares) 3,670,478 4,747 
  5,576,813 
Air Freight & Logistics - 0.1%   
Deutsche Post AG 140,028 5,220,932 
DSV A/S 26,470 2,882,193 
  8,103,125 
Airlines - 0.0%   
Qantas Airways Ltd. 385,460 1,903,294 
Building Products - 0.1%   
Agc, Inc. 105,000 3,833,623 
Compagnie de St. Gobain 80,968 3,278,487 
Daikin Industries Ltd. 20,000 2,881,224 
  9,993,334 
Commercial Services & Supplies - 0.1%   
Edenred SA 61,325 3,043,933 
Park24 Co. Ltd. 50,100 1,211,063 
Rentokil Initial PLC 192,122 1,105,449 
  5,360,445 
Construction & Engineering - 0.1%   
Ferrovial SA 116,848 3,469,627 
Ferrovial SA (b)(c) 1,854 55,052 
Taisei Corp. 36,600 1,436,639 
VINCI SA 71,881 7,839,066 
  12,800,384 
Electrical Equipment - 0.1%   
Akasol AG (a)(b)(c) 19,900 738,900 
Nidec Corp. 20,700 3,062,813 
Vestas Wind Systems A/S 35,807 3,407,802 
  7,209,515 
Industrial Conglomerates - 0.1%   
Siemens AG 52,739 6,796,195 
Machinery - 0.2%   
Fanuc Corp. 21,700 4,143,455 
Makita Corp. 61,900 2,047,871 
Minebea Mitsumi, Inc. 137,900 2,676,838 
SMC Corp. 2,300 1,042,798 
Techtronic Industries Co. Ltd. 227,500 1,710,275 
The Weir Group PLC 98,012 1,768,921 
THK Co. Ltd. 104,400 2,933,924 
  16,324,082 
Marine - 0.0%   
A.P. Moller - Maersk A/S Series B 1,076 1,503,857 
Professional Services - 0.2%   
Experian PLC 94,462 3,133,415 
Recruit Holdings Co. Ltd. 135,000 4,893,531 
RELX PLC (London Stock Exchange) 96,943 2,348,300 
SR Teleperformance SA 17,425 4,127,756 
Wolters Kluwer NV 14,945 1,072,951 
  15,575,953 
Trading Companies & Distributors - 0.1%   
Ashtead Group PLC 58,155 1,767,479 
Itochu Corp. 276,000 6,023,469 
MonotaRO Co. Ltd. 84,400 2,375,727 
Rexel SA 269,957 3,294,133 
  13,460,808 
TOTAL INDUSTRIALS  104,607,805 
INFORMATION TECHNOLOGY - 0.5%   
Communications Equipment - 0.1%   
Ericsson (B Shares) 497,615 4,484,399 
Electronic Equipment & Components - 0.1%   
Hitachi High-Technologies Corp. 64,300 4,195,778 
Hitachi Ltd. 46,000 1,807,713 
Keyence Corp. 14,000 4,790,349 
TDK Corp. 22,200 2,335,240 
  13,129,080 
IT Services - 0.1%   
Atos Origin SA 31,898 2,709,517 
Capgemini SA 34,267 4,053,040 
  6,762,557 
Semiconductors& Semiconductor Equipment - 0.1%   
ASM Pacific Technology Ltd. 122,900 1,604,504 
ASML Holding NV (Netherlands) 13,853 3,755,335 
Disco Corp. 5,100 1,100,914 
Renesas Electronics Corp. (b) 167,900 1,094,066 
Tokyo Electron Ltd. 7,400 1,528,423 
  9,083,242 
Software - 0.1%   
Netcompany Group A/S (a)(b) 58,725 2,480,124 
Oracle Corp. Japan 16,900 1,555,319 
SAP SE 50,263 6,828,567 
  10,864,010 
TOTAL INFORMATION TECHNOLOGY  44,323,288 
MATERIALS - 0.5%   
Chemicals - 0.1%   
JSR Corp. 213,400 3,777,699 
Shin-Etsu Chemical Co. Ltd. 32,900 3,536,390 
Sika AG 17,435 3,035,321 
  10,349,410 
Construction Materials - 0.1%   
CRH PLC 125,995 4,820,390 
HeidelbergCement Finance AG 24,514 1,812,339 
  6,632,729 
Metals & Mining - 0.2%   
Anglo American PLC (United Kingdom) 330,478 8,661,407 
Antofagasta PLC 272,904 3,063,578 
Newcrest Mining Ltd. 109,290 2,273,895 
  13,998,880 
Paper & Forest Products - 0.1%   
Stora Enso Oyj (R Shares) 217,127 2,918,612 
Svenska Cellulosa AB (SCA) (B Shares) 302,838 3,013,722 
UPM-Kymmene Corp. 88,409 2,953,442 
  8,885,776 
TOTAL MATERIALS  39,866,795 
REAL ESTATE - 0.3%   
Equity Real Estate Investment Trusts (REITs) - 0.0%   
Land Securities Group PLC 196,678 2,437,821 
Real Estate Management & Development - 0.3%   
Cheung Kong Property Holdings Ltd. 284,500 1,891,651 
LEG Immobilien AG 36,190 4,085,106 
Lendlease Group unit 281,736 3,679,834 
Mitsubishi Estate Co. Ltd. 157,400 2,886,338 
Mitsui Fudosan Co. Ltd. 80,500 2,003,304 
Sino Land Ltd. 1,229,959 1,844,577 
Vonovia SE 93,011 4,846,256 
  21,237,066 
TOTAL REAL ESTATE  23,674,887 
UTILITIES - 0.2%   
Electric Utilities - 0.2%   
Enel SpA 685,784 5,183,214 
Fortum Corp. 217,780 5,132,531 
Iberdrola SA 315,369 3,102,518 
SP AusNet 3,147,777 3,704,732 
  17,122,995 
Multi-Utilities - 0.0%   
RWE AG 164,218 4,868,971 
TOTAL UTILITIES  21,991,966 
TOTAL COMMON STOCKS   
(Cost $592,391,427)  673,125,305 
Equity Funds - 88.3%   
Foreign Large Blend Funds - 10.6%   
Fidelity Pacific Basin Fund (d) 4,884,671 161,975,685 
Fidelity SAI International Low Volatility Index Fund (d) 66,202,553 765,963,541 
TOTAL FOREIGN LARGE BLEND FUNDS  927,939,226 
Foreign Large Growth Funds - 57.8%   
Fidelity Advisor Overseas Fund Class I (d) 3,075,382 77,807,176 
Fidelity Diversified International Fund (d) 32,556,422 1,283,699,713 
Fidelity International Capital Appreciation Fund (d) 48,414,479 1,109,175,705 
Fidelity International Discovery Fund (d) 28,678,722 1,276,203,107 
Fidelity Overseas Fund (d) 26,325,436 1,330,487,523 
TOTAL FOREIGN LARGE GROWTH FUNDS  5,077,373,224 
Foreign Large Value Funds - 14.6%   
Fidelity International Value Fund (d) 25,377,058 211,898,434 
Fidelity SAI International Value Index Fund (d) 114,349,703 1,068,026,225 
TOTAL FOREIGN LARGE VALUE FUNDS  1,279,924,659 
Foreign Small Mid Growth Funds - 0.9%   
Fidelity International Small Cap Opportunities Fund (d) 4,034,933 80,739,001 
Sector Funds - 0.9%   
Fidelity Advisor International Real Estate Fund Class I (d) 6,270,360 79,131,941 
Other - 3.5%   
Fidelity Advisor Japan Fund Class I (d) 16,373,022 264,588,030 
Fidelity Japan Smaller Companies Fund (d) 2,433,573 43,658,301 
TOTAL OTHER  308,246,331 
TOTAL EQUITY FUNDS   
(Cost $6,878,851,954)  7,753,354,382 
U.S. Treasury Obligations - 0.1%   
U.S. Treasury Bills, yield at date of purchase 1.51% to 1.95% 12/5/19 to 2/27/20 (e)   
(Cost $14,367,890) 14,400,000 14,368,430 
Money Market Funds - 3.8%   
Fidelity Securities Lending Cash Central Fund 1.61% (f)(g) 749,646 749,721 
State Street Institutional U.S. Government Money Market Fund Premier Class 1.59% (h) 329,895,609 329,895,609 
TOTAL MONEY MARKET FUNDS   
(Cost $330,645,330)  330,645,330 
TOTAL INVESTMENT IN SECURITIES - 99.9%   
(Cost $7,816,256,601)  8,771,493,447 
NET OTHER ASSETS (LIABILITIES) - 0.1%  5,626,207 
NET ASSETS - 100%  $8,777,119,654 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
CME Nikkei 225 Index Contracts (United States) 250 Dec. 2019 $29,162,500 $2,809,946 $2,809,946 
ICE E-mini MSCI EAFE Index Contracts (United States) 2,910 Dec. 2019 287,697,150 7,385,445 7,385,445 
TOTAL FUTURES CONTRACTS     $10,195,391 

The notional amount of futures purchased as a percentage of Net Assets is 3.6%

Legend

 (a) 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 $14,340,105 or 0.2% of net assets.

 (b) Non-income producing

 (c) Security or a portion of the security is on loan at period end.

 (d) Affiliated Fund

 (e) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $14,368,430.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

 (h) The rate quoted is the annualized seven-day yield of the fund at period end.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Securities Lending Cash Central Fund $147,524 
Total $147,524 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount 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 payments received for lending certain types of securities.

Affiliated Underlying Funds

Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Fidelity Advisor International Real Estate Fund Class I $63,118,130 $10,260,635 $-- $2,631,281 $-- $5,753,176 $79,131,941 
Fidelity Advisor Japan Fund Class I 163,992,431 71,655,531 -- -- -- 28,940,068 264,588,030 
Fidelity Advisor Overseas Fund Class I 69,718,920 -- -- -- -- 8,088,256 77,807,176 
Fidelity Diversified International Fund 875,174,842 266,346,067 -- -- -- 142,178,804 1,283,699,713 
Fidelity International Capital Appreciation Fund 719,283,460 263,129,844 -- -- -- 126,762,401 1,109,175,705 
Fidelity International Discovery Fund 892,560,870 262,530,470 -- -- -- 121,111,767 1,276,203,107 
Fidelity International Small Cap Opportunities Fund 71,579,704 -- -- -- -- 9,159,297 80,739,001 
Fidelity International Value Fund 200,478,758 -- -- -- -- 11,419,676 211,898,434 
Fidelity Japan Smaller Companies Fund 39,715,912 -- -- -- -- 3,942,389 43,658,301 
Fidelity Overseas Fund 866,297,158 334,537,623 -- -- -- 129,652,742 1,330,487,523 
Fidelity Pacific Basin Fund 142,143,921 -- -- -- -- 19,831,764 161,975,685 
Fidelity SAI International Low Volatility Index Fund 522,200,627 199,350,494 -- -- -- 44,412,420 765,963,541 
Fidelity SAI International Value Index Fund 597,997,103 432,009,370 -- -- -- 38,019,752 1,068,026,225 
Total $5,224,261,836 $1,839,820,034 $-- $2,631,281 $-- $689,272,512 $7,753,354,382 

Amounts in the income column in the above table include any capital gain distributions from underlying funds.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

If an unaffiliated Underlying Fund's net asset value is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.