N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-4008

Fidelity Investment Trust
(Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:	October 31

Date of reporting period:	January 31, 2015

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Canada Fund

January 31, 2015

1.813011.110

CAN-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.9%
	Shares		Value
CONSUMER DISCRETIONARY - 2.6%
Hotels, Restaurants & Leisure - 0.1%
Pizza Pizza Royalty Corp.	179,600		$ 2,063,556
Media - 0.6%
ITE Group PLC	976,800		1,923,667
Quebecor, Inc. Class B (sub. vtg.)	371,700		9,316,633
			11,240,300
Specialty Retail - 0.8%
AutoCanada, Inc.	192,800		4,912,933
RONA, Inc.	1,072,700		10,797,067
			15,710,000
Textiles, Apparel & Luxury Goods - 1.1%
Gildan Activewear, Inc.	347,095		20,262,459
TOTAL CONSUMER DISCRETIONARY			49,276,315
CONSUMER STAPLES - 8.1%
Food & Staples Retailing - 6.5%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,055,500		41,357,791
George Weston Ltd.	357,300		28,320,812
Jean Coutu Group, Inc. Class A (sub. vtg.)	1,200,800		24,087,819
Metro, Inc. Class A (sub. vtg.)	215,965		17,090,927
North West Co., Inc.	580,000		12,123,082
			122,980,431
Food Products - 0.9%
Aryzta AG	52,110		3,924,424
Mead Johnson Nutrition Co. Class A	142,200		14,005,278
			17,929,702
Tobacco - 0.7%
British American Tobacco PLC (United Kingdom)	218,300		12,315,618
TOTAL CONSUMER STAPLES			153,225,751
ENERGY - 22.1%
Energy Equipment & Services - 1.0%
Pason Systems, Inc.	656,100		9,247,463
ZCL Composites, Inc. (e)	1,955,400		9,048,361
			18,295,824
Oil, Gas & Consumable Fuels - 21.1%
ARC Resources Ltd. (d)	1,329,400		24,062,485
Canadian Natural Resources Ltd.	921,398		26,713,073
Enbridge, Inc.	1,883,100		91,213,351
Imperial Oil Ltd.	1,421,900		52,861,066
Keyera Corp.	459,102		27,097,387
Painted Pony Petroleum Ltd. (a)	972,700		5,258,872
Parkland Fuel Corp.	619,700		10,675,402
Peyto Exploration & Development Corp.	462,000		11,670,890
PrairieSky Royalty Ltd. (d)	311,863		6,717,314

	Shares		Value
Spartan Energy Corp. (a)	4,020,500		$ 8,258,051
Suncor Energy, Inc.	3,448,500		102,855,237
Vermilion Energy, Inc. (d)	383,400		16,887,462
Whitecap Resources, Inc.	1,687,800		16,483,511
			400,754,101
TOTAL ENERGY			419,049,925
FINANCIALS - 29.5%
Banks - 17.9%
Bank of Montreal (d)	77,100		4,425,044
Bank of Nova Scotia	669,400		32,166,179
National Bank of Canada	1,092,900		38,024,010
Royal Bank of Canada	2,413,800		136,276,074
The Toronto-Dominion Bank	3,240,100		129,022,633
			339,913,940
Capital Markets - 0.4%
Gluskin Sheff + Associates, Inc.	315,900		6,583,011
Insurance - 9.7%
Fairfax Financial Holdings Ltd. (sub. vtg.)	66,700		35,431,258
Intact Financial Corp.	680,225		45,458,965
Manulife Financial Corp.	4,458,300		71,504,017
Power Corp. of Canada (sub. vtg.)	1,335,200		32,195,269
			184,589,509
Real Estate Investment Trusts - 1.5%
Allied Properties (REIT)	455,700		14,344,849
H&R REIT/H&R Finance Trust	725,000		13,932,872
			28,277,721
TOTAL FINANCIALS			559,364,181
HEALTH CARE - 4.0%
Health Care Equipment & Supplies - 0.1%
Novadaq Technologies, Inc. (a)	93,587		1,331,743
Pharmaceuticals - 3.9%
Actavis PLC (a)	32,427		8,643,093
Valeant Pharmaceuticals International (Canada) (a)	410,471		65,629,490
			74,272,583
TOTAL HEALTH CARE			75,604,326
INDUSTRIALS - 8.5%
Aerospace & Defense - 0.4%
Bombardier, Inc. Class B (sub. vtg.)	2,746,600		6,268,309
Airlines - 0.8%
WestJet Airlines Ltd.	653,300		15,691,128
Professional Services - 0.7%
Stantec, Inc.	527,500		12,972,673
Common Stocks - continued
	Shares		Value
INDUSTRIALS - continued
Road & Rail - 6.6%
Canadian National Railway Co.	1,573,400		$ 103,663,373
TransForce, Inc.	960,600		21,801,923
			125,465,296
TOTAL INDUSTRIALS			160,397,406
INFORMATION TECHNOLOGY - 5.3%
Electronic Equipment & Components - 0.6%
Avigilon Corp. (a)(d)	724,700		11,035,606
IT Services - 1.9%
Cap Gemini SA	69,600		5,078,301
CGI Group, Inc. Class A (sub. vtg.) (a)	791,800		31,374,148
			36,452,449
Software - 2.8%
Constellation Software, Inc.	99,200		27,486,683
Open Text Corp.	458,614		26,007,496
			53,494,179
TOTAL INFORMATION TECHNOLOGY			100,982,234
MATERIALS - 11.5%
Chemicals - 1.8%
Agrium, Inc.	103,500		11,042,335
Potash Corp. of Saskatchewan, Inc.	601,600		21,901,327
			32,943,662
Containers & Packaging - 1.7%
CCL Industries, Inc. Class B	231,600		23,940,080
Winpak Ltd.	290,000		8,626,741
			32,566,821
Metals & Mining - 6.0%
Agnico Eagle Mines Ltd. (Canada)	474,700		16,003,894
B2Gold Corp. (a)	3,605,027		7,092,601
Eldorado Gold Corp.	2,761,300		13,255,631
Freeport-McMoRan, Inc.	357,200		6,004,532
Labrador Iron Ore Royalty Corp.	437,200		5,966,041
Lundin Mining Corp. (a)	2,595,200		9,231,372
Randgold Resources Ltd.	167,000		14,333,549
Royal Gold, Inc.	316,200		22,911,852
Silver Wheaton Corp.	253,700		5,827,893
Tahoe Resources, Inc.	580,600		7,922,880
Torex Gold Resources, Inc. (a)	4,895,000		5,585,701
			114,135,946

	Shares		Value
Paper & Forest Products - 2.0%
Stella-Jones, Inc.	343,900		$ 9,818,755
West Fraser Timber Co. Ltd.	494,300		28,389,088
			38,207,843
TOTAL MATERIALS			217,854,272
TELECOMMUNICATION SERVICES - 6.3%
Diversified Telecommunication Services - 3.4%
TELUS Corp.	801,500		27,494,597
TELUS Corp.	1,100,000		37,734,320
			65,228,917
Wireless Telecommunication Services - 2.9%
Rogers Communications, Inc. Class B (non-vtg.) (d)	1,537,300		54,659,018
TOTAL TELECOMMUNICATION SERVICES			119,887,935
TOTAL COMMON STOCKS (Cost $1,619,786,275)		1,855,642,345
Money Market Funds - 4.2%

Fidelity Cash Central Fund, 0.13% (b)	34,736,699		34,736,699
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	43,925,494		43,925,494
TOTAL MONEY MARKET FUNDS (Cost $78,662,193)		78,662,193
TOTAL INVESTMENT PORTFOLIO - 102.1% (Cost $1,698,448,468)			1,934,304,538
NET OTHER ASSETS (LIABILITIES) - (2.1)%			(39,761,501)
NET ASSETS - 100%		$ 1,894,543,037

Legend

(a) Non-income producing

(b) 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.

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

(e) Affiliated company

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 Cash Central Fund	$ 9,991
Fidelity Securities Lending Cash Central Fund	622,541
Total	$ 632,532

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
ZCL Composites, Inc.	$ 5,395,486	$ 6,554,081	$ -	$ 57,166	$ 9,048,361
Total	$ 5,395,486	$ 6,554,081	$ 0	$ 57,166	$ 9,048,361

Other Information

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 49,276,315	$ 49,276,315	$ -	$ -
Consumer Staples	153,225,751	140,910,133	12,315,618	-
Energy	419,049,925	419,049,925	-	-
Financials	559,364,181	559,364,181	-	-
Health Care	75,604,326	75,604,326	-	-
Industrials	160,397,406	160,397,406	-	-
Information Technology	100,982,234	100,982,234	-	-
Materials	217,854,272	203,520,723	14,333,549	-
Telecommunication Services	119,887,935	119,887,935	-	-
Money Market Funds	78,662,193	78,662,193	-	-
Total Investments in Securities:	$ 1,934,304,538	$ 1,907,655,371	$ 26,649,167	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $1,699,395,504. Net unrealized appreciation aggregated $234,909,034, of which $374,655,401 related to appreciated investment securities and $139,746,367 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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. 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 is responsible for approving and reporting to the Board all fair value determinations. 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 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.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly 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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® China Region Fund

January 31, 2015

1.813032.110

HKC-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.9%
	Shares		Value
CONSUMER DISCRETIONARY - 15.7%
Auto Components - 2.1%
Fuyao Group Glass Industries Co. Ltd.	7,571,859		$ 15,927,945
Weifu High-Technology Co. Ltd. (B Shares)	3,749,838		13,702,111
			29,630,056
Automobiles - 2.4%
Chongqing Changan Automobile Co. Ltd. (B Shares)	9,233,786		23,096,825
Geely Automobile Holdings Ltd.	28,135,000		11,526,597
			34,623,422
Diversified Consumer Services - 0.8%
Perfect Shape (PRC) Holdings Ltd.	43,616,000		11,938,118
Hotels, Restaurants & Leisure - 1.5%
500.com Ltd. sponsored ADR Class A (a)(d)	529,350		9,062,472
Melco International Development Ltd.	323,000		643,117
Sands China Ltd.	2,527,400		12,304,264
			22,009,853
Household Durables - 2.2%
Haier Electronics Group Co. Ltd.	681,000		1,828,819
Qingdao Haier Co. Ltd.	1,549,911		4,912,685
Techtronic Industries Co. Ltd.	7,628,000		24,911,276
			31,652,780
Internet & Catalog Retail - 2.4%
Ctrip.com International Ltd. sponsored ADR (a)	155,500		7,394,803
Jumei International Holding Ltd. sponsored ADR (d)	562,000		7,289,140
Qunar Cayman Islands Ltd. sponsored ADR (a)(d)	506,768		14,868,573
Vipshop Holdings Ltd. ADR (a)	200,000		4,478,000
			34,030,516
Media - 2.5%
Naspers Ltd. Class N	191,000		27,554,024
Poly Culture Group Corp. Ltd. (H Shares)	2,978,200		9,009,324
			36,563,348
Specialty Retail - 0.5%
International Housewares Retail Co. Ltd.	11,516,000		2,902,757
Oriental Watch Holdings Ltd.	22,471,000		3,992,577
			6,895,334
Textiles, Apparel & Luxury Goods - 1.3%
Best Pacific International Holdings Ltd.	23,958,000		11,885,941
Sitoy Group Holdings Ltd.	9,500,000		6,270,053
			18,155,994
TOTAL CONSUMER DISCRETIONARY			225,499,421
CONSUMER STAPLES - 1.0%
Food Products - 1.0%
Inner Mongoli Yili Industries Co. Ltd.	3,499,971		15,180,858

	Shares		Value
FINANCIALS - 41.1%
Banks - 16.1%
Bank of China Ltd. (H Shares)	102,018,000		$ 56,952,443
BNP Paribas Arbitrage Issuance BV ELS warrants 10/8/15 (a)(f)	3,090,600		14,745,767
China Construction Bank Corp. (H Shares)	72,378,000		57,937,204
China Merchants Bank Co. Ltd. (H Shares)	10,000,000		22,319,994
Hangzhou Hikvision Digital Technology Co. Ltd. ELS (BNP Paribas Warrant Program) warrants 11/27/17 (a)(f)	1,772,000		7,505,733
Industrial & Commercial Bank of China Ltd. (H Shares)	92,224,000		65,767,464
Kweichow Moutai Co. Ltd. (A Shares) ELS (BNP Paribas Warrant Program) warrants 7/9/15 (a)(f)	223,520		6,292,168
			231,520,773
Capital Markets - 1.6%
Kweichow Moutai Co. Ltd. (A Shares) ELS (UBS Warrant Programme) warrants 7/9/15 (a)(f)	305,690		8,605,283
SAIC Motor Corp. Ltd. ELS (UBS Warrant Programme) warrants 9/16/15 (a)(f)	2,014,600		7,249,804
Shanghai Bestway Marine Engineering Design Co. Ltd. ELS warrants 7/13/17 (a)(f)	2,008,500		7,227,852
			23,082,939
Diversified Financial Services - 2.9%
Far East Horizon Ltd.	14,500,000		12,354,016
Hong Kong Exchanges and Clearing Ltd.	1,275,000		29,344,313
			41,698,329
Insurance - 14.4%
AIA Group Ltd.	11,077,400		64,303,636
China Life Insurance Co. Ltd.	4,937,017		28,300,909
China Pacific Insurance Group Co. Ltd. (H Shares)	7,999,200		38,442,257
New China Life Insurance Co. Ltd. (H Shares)	3,497,000		20,141,255
People's Insurance Co. of China Group (H Shares)	50,176,000		24,431,192
Ping An Insurance (Group) Co. of China Ltd. (H Shares)	3,000,000		31,796,800
			207,416,049
Real Estate Management & Development - 6.1%
China Overseas Land and Investment Ltd.	4,936,000		14,232,903
Greenland Hong Kong Holdings Ltd.	10,310,000		4,020,382
Hopson Development Holdings Ltd. (a)	15,652,000		13,876,594
Longfor Properties Co. Ltd.	10,000,000		13,137,428
Shimao Property Holdings Ltd.	6,908,500		14,500,949
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - continued
Sunac China Holdings Ltd.	12,500,000		$ 11,190,227
Wharf Holdings Ltd.	1,961,000		15,886,515
			86,844,998
TOTAL FINANCIALS			590,563,088
HEALTH CARE - 8.2%
Health Care Equipment & Supplies - 1.2%
Intai Technology Corp.	1,000,000		5,242,475
Lifetech Scientific Corp. (a)	58,768,000		11,338,429
			16,580,904
Health Care Providers & Services - 1.3%
Phoenix Healthcare Group Ltd. (d)	11,342,000		19,267,718
Life Sciences Tools & Services - 1.2%
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	425,700		17,070,570
Pharmaceuticals - 4.5%
Jiangsu Hengrui Medicine Co. Ltd.	2,299,908		14,875,816
Lee's Pharmaceutical Holdings Ltd.	8,290,000		12,411,421
Luye Pharma Group Ltd.	13,498,500		16,110,869
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. Class H	1,300,000		4,692,280
Sino Biopharmaceutical Ltd.	16,312,000		16,295,538
			64,385,924
TOTAL HEALTH CARE			117,305,116
INDUSTRIALS - 11.5%
Airlines - 3.3%
Air China Ltd. (H Shares)	17,584,000		16,870,269
China Eastern Airlines Corp. Ltd. (H Shares) (a)	29,780,000		15,103,128
China Southern Airlines Ltd. (H Shares)	30,048,000		16,000,076
			47,973,473
Building Products - 0.6%
Sunspring Metal Corp.	4,350,000		8,260,017
Electrical Equipment - 1.7%
Harbin Electric Machinery Co. Ltd. (H Shares)	17,000,000		12,178,219
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	2,200,000		12,272,612
			24,450,831
Machinery - 2.2%
China CNR Corp. Ltd. (H Shares) (a)	7,000,000		8,964,169
CSR Corp. Ltd. (H Shares)	11,689,000		14,140,087
King Slide Works Co. Ltd.	600,000		8,584,387
			31,688,643

	Shares		Value
Marine - 1.1%
China Shipping Development Co. Ltd. (H Shares) (a)	22,444,000		$ 15,968,959
Road & Rail - 0.5%
Daqin Railway Co. Ltd. (A Shares)	4,499,962		7,592,811
Trading Companies & Distributors - 2.1%
China Aircraft Leasing Group Holdings Ltd. (a)	5,000,000		7,013,301
Summit Ascent Holdings Ltd. (a)(d)	41,044,000		22,835,193
			29,848,494
TOTAL INDUSTRIALS			165,783,228
INFORMATION TECHNOLOGY - 14.3%
Electronic Equipment & Components - 2.0%
Largan Precision Co. Ltd.	176,000		14,530,371
PAX Global Technology Ltd. (a)(d)	7,500,000		7,022,475
Sunny Optical Technology Group Co. Ltd. (d)	4,500,000		6,825,918
			28,378,764
Internet Software & Services - 3.2%
58.com, Inc. ADR (a)	480,000		18,465,600
Alibaba Group Holding Ltd. sponsored ADR	45,000		4,008,600
Baidu.com, Inc. sponsored ADR (a)	75,000		16,344,000
Yahoo!, Inc. (a)	107,700		4,737,723
YY, Inc. ADR (a)(d)	45,000		3,239,100
			46,795,023
Semiconductors & Semiconductor Equipment - 8.1%
eMemory Technology, Inc.	390,000		4,015,054
Novatek Microelectronics Corp.	2,674,000		14,602,494
Taiwan Semiconductor Manufacturing Co. Ltd.	17,840,796		77,892,421
Vanguard International Semiconductor Corp.	11,900,000		20,011,554
			116,521,523
Software - 0.6%
China City Railway Transportation Technology Holdings Co. Ltd. (a)	32,000,000		8,754,981
Technology Hardware, Storage & Peripherals - 0.4%
ADLINK Technology, Inc.	577,000		1,401,379
Advantech Co. Ltd.	535,000		3,966,020
Axiomtek Co. Ltd.	148,000		326,562
			5,693,961
TOTAL INFORMATION TECHNOLOGY			206,144,252
MATERIALS - 4.8%
Chemicals - 0.3%
Jintex Corp. Ltd. (e)	5,000,000		4,266,446
Construction Materials - 3.4%
Asia Cement (China) Holdings Corp.	6,409,500		3,271,285
BBMG Corp. (H Shares)	20,000,000		17,502,719
Common Stocks - continued
	Shares		Value
MATERIALS - continued
Construction Materials - continued
China Shanshui Cement Group Ltd. (d)	20,656,000		$ 9,071,207
West China Cement Ltd.	169,600,000		18,949,087
			48,794,298
Containers & Packaging - 1.1%
Greatview Aseptic Pack Co. Ltd. (d)	36,177,000		16,491,187
TOTAL MATERIALS			69,551,931
UTILITIES - 1.3%
Independent Power Producers & Renewable Electricity Producers - 1.3%
Beijing Jingneng Clean Energy Co. Ltd. (H Shares) (d)	18,500,000		7,397,805
China Resources Power Holdings Co. Ltd.	3,904,000		10,931,075
			18,328,880
TOTAL COMMON STOCKS (Cost $1,210,375,634)		1,408,356,774
Convertible Preferred Stocks - 0.4%

INDUSTRIALS - 0.4%
Professional Services - 0.4%
Meituan Corp. Series D (g)(h) (Cost $6,268,244)	991,544		6,268,244
Money Market Funds - 4.1%

Fidelity Cash Central Fund, 0.13% (b)	24,683,290		24,683,290
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	33,917,710		33,917,710
TOTAL MONEY MARKET FUNDS (Cost $58,601,000)		58,601,000

TOTAL INVESTMENT PORTFOLIO - 102.4%

(Cost $1,275,244,878)

1,473,226,018

NET OTHER ASSETS (LIABILITIES) - (2.4)%			(34,920,362)
NET ASSETS - 100%		$ 1,438,305,656

Legend

(a) Non-income producing

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

(e) Affiliated company

(f) 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 $51,626,607 or 3.6% of net assets.

(g) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(h) Restricted securities - 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 $6,268,244 or 0.4% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Meituan Corp. Series D	1/26/15	$ 6,268,244

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 Cash Central Fund	$ 10,843
Fidelity Securities Lending Cash Central Fund	204,175
Total	$ 215,018

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Jintex Corp. Ltd.	$ 4,548,561	$ -	$ -	$ -	$ 4,266,446
Perfect Shape (PRC) Holdings Ltd.	11,817,466	-	5,065,904	406,080	-
Total	$ 16,366,027	$ -	$ 5,065,904	$ 406,080	$ 4,266,446

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 225,499,421	$ 43,092,988	$ 182,406,433	$ -
Consumer Staples	15,180,858	-	15,180,858	-
Financials	590,563,088	-	570,421,833	20,141,255
Health Care	117,305,116	17,070,570	100,234,546	-
Industrials	172,051,472	-	165,783,228	6,268,244
Information Technology	206,144,252	46,795,023	159,349,229	-
Materials	69,551,931	-	69,551,931	-
Utilities	18,328,880	-	10,931,075	7,397,805
Money Market Funds	58,601,000	58,601,000	-	-
Total Investments in Securities:	$ 1,473,226,018	$ 165,559,581	$ 1,273,859,133	$ 33,807,304

Valuation Inputs at Reporting Date:

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

Investments in Securities:
Equities - Financials
Beginning Balance	$ -
Net Realized Gain (Loss) on Investment Securities	707,455
Net Unrealized Gain (Loss) on Investment Securities	4,982,790
Cost of Purchases	23,709,039
Proceeds of Sales	(9,258,029)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 20,141,255
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2015	$ 4,982,790
Equities - Industrials
Beginning Balance	$ 28,267,179
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	-
Cost of Purchases	6,268,244
Proceeds of Sales	-
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	(28,267,179)
Ending Balance	$ 6,268,244
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2015	$ -
Other Investments in Securities
Beginning Balance	$ -
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	(911,157)
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers into Level 3	8,308,962
Transfers out of Level 3	-
Ending Balance	$ 7,397,805
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2015	$ (911,157)

The information used in the above reconciliations represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges.

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $1,280,027,902. Net unrealized appreciation aggregated $193,198,116, of which $236,088,154 related to appreciated investment securities and $42,890,038 related to depreciated investment securities.

Investment Valuation

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.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value at 01/31/15	Valuation Technique (s)	Unobservable Input	Amount or Range/ Weighted Average	Impact to Valuation from an Increase in Input*
Equities	$ 33,807,304	Last transaction price	Transaction price	$3.10 - $44.65/$28.45	Increase

*Represents the expected directional change in the fair value of the Level 3 investments that would result from an increase in the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs could result in significantly higher or lower fair value measurements.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Diversified International Fund

January 31, 2015

1.813063.110

DIF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.6%
	Shares		Value
Argentina - 0.1%
YPF SA Class D sponsored ADR	1,482,500		$ 34,764,625
Australia - 1.9%
Ansell Ltd.	3,176,450		55,755,357
Australia & New Zealand Banking Group Ltd.	7,938,541		202,651,035
BHP Billiton Ltd. sponsored ADR (e)	913,064		42,302,255
CSL Ltd.	1,716,330		116,802,349
Woodside Petroleum Ltd.	1,598,725		42,460,533
TOTAL AUSTRALIA			459,971,529
Austria - 0.1%
Andritz AG	639,500		34,686,480
Bailiwick of Guernsey - 0.1%
Amdocs Ltd.	526,800		25,381,224
Bailiwick of Jersey - 2.4%
Experian PLC	4,691,072		82,880,575
Shire PLC	3,288,600		240,027,897
Wolseley PLC	2,084,162		121,234,545
WPP PLC	5,644,709		124,130,357
TOTAL BAILIWICK OF JERSEY			568,273,374
Belgium - 2.9%
Anheuser-Busch InBev SA NV	3,542,330		432,044,409
Arseus NV	767,400		31,365,250
KBC Groupe SA (a)	3,522,647		189,933,905
UCB SA	445,100		34,689,358
TOTAL BELGIUM			688,032,922
Bermuda - 0.5%
BW LPG Ltd.	3,268,299		20,301,281
Golar LNG Ltd.	747,100		21,187,756
Noble Group Ltd.	56,838,000		44,461,274
Travelport Worldwide Ltd. (e)	2,776,500		43,285,635
TOTAL BERMUDA			129,235,946
Canada - 3.4%
Agrium, Inc.	513,500		54,784,918
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	5,545,181		217,277,534
AutoCanada, Inc.	405,675		10,337,418
Canadian Natural Resources Ltd.	775,500		22,483,214
CGI Group, Inc. Class A (sub. vtg.) (a)	4,284,100		169,752,447
Constellation Software, Inc.	58,838		16,303,039
Fairfax India Holdings Corp. (a)(f)	6,426,500		62,979,700
Imperial Oil Ltd.	1,214,900		45,165,559
Keyera Corp.	632,200		37,314,079
Painted Pony Petroleum Ltd. (a)	3,292,770		17,802,259
PrairieSky Royalty Ltd. (e)	483,800		10,420,718
Suncor Energy, Inc.	3,180,800		94,870,796
Tourmaline Oil Corp. (a)	1,320,600		36,312,083
TransForce, Inc.	1,002,400		22,750,622
TOTAL CANADA			818,554,386

	Shares		Value
Cayman Islands - 1.8%
58.com, Inc. ADR (a)	267,100		$ 10,275,337
Alibaba Group Holding Ltd. sponsored ADR	734,300		65,411,444
Baidu.com, Inc. sponsored ADR (a)	238,100		51,886,752
China Modern Dairy Holdings Ltd. (a)(e)	112,883,000		36,444,030
Melco Crown Entertainment Ltd. sponsored ADR	3,429,500		82,308,000
PW Medtech Group Ltd. (a)	74,883,000		32,714,326
Sands China Ltd.	19,998,800		97,361,125
Tencent Holdings Ltd.	2,493,100		42,050,012
TOTAL CAYMAN ISLANDS			418,451,026
China - 0.3%
Daqin Railway Co. Ltd. (A Shares)	24,292,100		40,988,196
Kweichow Moutai Co. Ltd.	1,397,100		39,328,866
TOTAL CHINA			80,317,062
Curacao - 0.2%
Schlumberger Ltd.	438,225		36,105,358
Denmark - 2.4%
A.P. Moller - Maersk A/S Series B	10,132		20,587,585
Genmab A/S (a)	1,655,576		111,329,651
Novo Nordisk A/S Series B	9,148,395		407,750,443
Vestas Wind Systems A/S (a)	755,822		29,671,137
TOTAL DENMARK			569,338,816
Finland - 0.5%
Nokia Corp.	8,170,600		62,836,378
Sampo Oyj (A Shares)	1,371,100		66,497,802
TOTAL FINLAND			129,334,180
France - 4.4%
Air Liquide SA	776,070		98,219,419
Atos Origin SA	521,535		38,648,560
AXA SA	5,983,200		141,000,989
BNP Paribas SA	2,192,176		115,869,107
Bureau Veritas SA	1,558,600		33,154,929
Danone SA	888,400		59,621,281
Dassault Aviation SA (e)	27,965		33,716,100
LVMH Moet Hennessy - Louis Vuitton SA	210,805		34,183,085
Numericable Group SA (a)	1,705,068		89,014,780
Publicis Groupe SA	1,680,616		126,156,953
Rexel SA	1,376,400		25,818,511
Sanofi SA	2,685,061		247,401,276
Tarkett SA	87,998		1,807,778
TOTAL FRANCE			1,044,612,768
Germany - 5.6%
adidas AG	418,300		28,923,228
Bayer AG	2,761,262		399,544,948
Brenntag AG	929,100		50,730,347
Continental AG	536,000		121,559,976
Common Stocks - continued
	Shares		Value
Germany - continued
Deutsche Boerse AG	157,600		$ 12,115,327
Drillisch AG	639,100		24,915,314
Fresenius SE & Co. KGaA	3,835,300		219,988,206
Gerry Weber International AG (Bearer)	746,100		28,880,151
GfK AG	583,800		23,260,811
Linde AG	672,229		129,059,229
OSRAM Licht AG	986,553		45,573,224
ProSiebenSat.1 Media AG	1,803,790		80,186,042
SAP AG (e)	1,941,541		126,720,072
SMA Solar Technology AG (a)(e)	155,528		1,931,456
Symrise AG	613,200		40,272,278
TOTAL GERMANY			1,333,660,609
Hong Kong - 1.6%
AIA Group Ltd.	52,705,600		305,952,815
Galaxy Entertainment Group Ltd.	13,315,000		69,546,642
Melco International Development Ltd.	8,627,000		17,177,008
TOTAL HONG KONG			392,676,465
India - 2.6%
Apollo Hospitals Enterprise Ltd. (a)	2,227,126		47,076,068
Axis Bank Ltd. (a)	6,699,871		63,903,172
Grasim Industries Ltd.	90,293		6,030,267
HDFC Bank Ltd.	10,181,856		194,239,585
Housing Development Finance Corp. Ltd.	8,291,778		168,264,070
ITC Ltd. (a)	13,515,862		80,049,618
LIC Housing Finance Ltd.	3,455,701		26,602,742
Lupin Ltd.	1,690,873		44,247,837
TOTAL INDIA			630,413,359
Indonesia - 0.6%
PT Bank Central Asia Tbk	79,833,000		83,821,418
PT Bank Rakyat Indonesia Tbk	65,258,700		59,710,466
TOTAL INDONESIA			143,531,884
Ireland - 2.1%
Actavis PLC (a)	629,400		167,760,276
DCC PLC (United Kingdom)	877,089		46,607,401
Greencore Group PLC	13,158,900		61,085,041
Perrigo Co. PLC	560,300		85,019,922
Ryanair Holdings PLC sponsored ADR	2,052,600		135,430,548
TOTAL IRELAND			495,903,188
Israel - 1.4%
Check Point Software Technologies Ltd. (a)	1,550,100		119,621,217
Teva Pharmaceutical Industries Ltd. sponsored ADR	3,793,700		215,709,782
TOTAL ISRAEL			335,330,999
Italy - 1.0%
Intesa Sanpaolo SpA	24,254,700		70,927,101

	Shares		Value
UniCredit SpA	16,938,567		$ 100,200,940
World Duty Free SpA (a)	6,188,738		68,324,287
TOTAL ITALY			239,452,328
Japan - 15.1%
ACOM Co. Ltd. (a)(e)	5,833,000		15,868,285
Astellas Pharma, Inc.	17,416,700		269,007,354
Coca-Cola Central Japan Co. Ltd.	667,800		11,118,855
Don Quijote Holdings Co. Ltd.	2,167,500		157,810,387
Fast Retailing Co. Ltd.	251,500		93,300,452
Fuji Heavy Industries Ltd.	985,900		35,558,766
GMO Internet, Inc.	3,955,700		32,660,922
Hoya Corp.	8,368,400		324,297,228
Japan Exchange Group, Inc.	4,633,100		107,814,382
Japan Tobacco, Inc.	7,284,000		198,391,793
KDDI Corp.	2,728,900		192,630,217
Keyence Corp.	517,510		241,903,188
Komatsu Ltd.	5,016,000		98,360,946
Misumi Group, Inc.	440,500		16,454,179
Mitsubishi Electric Corp.	5,347,000		61,841,976
Mitsubishi UFJ Financial Group, Inc.	41,889,700		222,613,183
NEC Corp.	47,707,000		134,755,831
NGK Spark Plug Co. Ltd.	1,337,900		39,661,902
Nippon Telegraph & Telephone Corp.	844,900		50,006,919
Nitori Holdings Co. Ltd.	1,087,600		61,492,381
Olympus Corp. (a)	1,288,700		44,568,467
OMRON Corp.	2,001,400		80,013,293
ORIX Corp.	31,283,700		359,475,349
Rakuten, Inc.	16,165,700		223,802,417
Seven & i Holdings Co., Ltd.	1,651,700		60,442,466
SHIMANO, Inc.	662,200		87,538,560
Shinsei Bank Ltd.	23,933,000		43,379,132
SoftBank Corp.	3,120,700		183,658,498
Suzuki Motor Corp.	2,123,400		67,142,294
Tsuruha Holdings, Inc.	1,469,000		98,710,888
TOTAL JAPAN			3,614,280,510
Korea (South) - 1.3%
NAVER Corp.	119,469		76,817,328
Orion Corp.	82,708		78,292,405
Samsung Electronics Co. Ltd.	120,511		148,408,005
TOTAL KOREA (SOUTH)			303,517,738
Luxembourg - 1.3%
Altice SA	3,048,986		255,300,745
Eurofins Scientific SA	178,400		46,063,772
TOTAL LUXEMBOURG			301,364,517
Netherlands - 3.3%
AEGON NV	27,297,200		194,543,521
AerCap Holdings NV (a)	490,800		19,401,324
Core Laboratories NV	80,200		7,438,550
IMCD Group BV	1,564,100		49,664,867
Common Stocks - continued
	Shares		Value
Netherlands - continued
ING Groep NV (Certificaten Van Aandelen) (a)	10,361,800		$ 128,822,169
LyondellBasell Industries NV Class A	692,000		54,730,280
Reed Elsevier NV	3,050,309		74,575,692
Unilever NV (Certificaten Van Aandelen) (Bearer)	6,076,157		263,490,357
TOTAL NETHERLANDS			792,666,760
Norway - 0.2%
Telenor ASA	2,371,800		51,052,996
Philippines - 0.4%
Alliance Global Group, Inc.	162,324,756		91,529,798
Singapore - 0.3%
United Overseas Bank Ltd.	4,826,000		82,528,361
South Africa - 1.0%
Naspers Ltd. Class N	1,709,499		246,615,581
Spain - 1.9%
Amadeus IT Holding SA Class A	3,749,100		150,776,430
Criteria CaixaCorp SA	6,978,016		30,468,251
Inditex SA	8,409,019		248,339,775
Prosegur Compania de Seguridad SA (Reg.)	5,005,595		27,885,669
TOTAL SPAIN			457,470,125
Sweden - 2.3%
ASSA ABLOY AB (B Shares)	1,184,800		64,765,783
HEXPOL AB (B Shares)	212,700		21,374,882
Nordea Bank AB	12,726,600		161,962,604
Svenska Cellulosa AB (SCA) (B Shares)	7,692,400		186,122,946
Svenska Handelsbanken AB (A Shares)	2,569,800		121,995,775
TOTAL SWEDEN			556,221,990
Switzerland - 5.0%
Actelion Ltd.	683,389		75,915,572
Compagnie Financiere Richemont SA Series A	1,360,752		113,048,703
Credit Suisse Group AG	3,483,021		73,337,973
Nestle SA	1,476,137		112,734,024
Roche Holding AG (participation certificate)	1,154,908		311,267,841
Sika AG (Bearer)	14,528		49,871,767
Syngenta AG (Switzerland)	734,259		239,173,008
UBS Group AG	13,829,957		231,804,659
TOTAL SWITZERLAND			1,207,153,547
Taiwan - 1.1%
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (e)	11,311,700		256,888,707
Thailand - 0.4%
Kasikornbank PCL (For. Reg.)	12,225,200		83,367,345

	Shares		Value
United Arab Emirates - 0.0%
Emaar Malls Group PJSC (a)	3,353,336		$ 2,538,020
United Kingdom - 16.6%
Al Noor Hospitals Group PLC	3,609,200		49,360,488
Amec Foster Wheeler PLC	1,401,001		16,828,747
Associated British Foods PLC	2,244,000		104,878,695
B&M European Value Retail S.A.	19,431,138		92,411,122
Babcock International Group PLC	3,740,100		56,671,387
BG Group PLC	12,700,602		169,398,932
British American Tobacco PLC sponsored ADR	1,757,000		197,926,050
BT Group PLC	23,703,400		148,706,767
Bunzl PLC	1,473,470		42,100,890
Capita Group PLC	2,217,000		37,332,764
Compass Group PLC	4,934,176		85,540,662
easyJet PLC	2,072,200		58,115,769
Essentra PLC	12,073,112		150,931,528
Exova Group Ltd. PLC (a)	8,095,588		18,290,362
GlaxoSmithKline PLC	5,419,500		119,330,453
Hikma Pharmaceuticals PLC	2,927,409		104,058,618
HSBC Holdings PLC sponsored ADR	3,162,657		144,596,678
IMI PLC	2,336,535		44,906,128
Imperial Tobacco Group PLC	1,144,889		53,871,250
Intertek Group PLC	330,900		11,428,348
ITV PLC	33,133,900		109,793,817
Johnson Matthey PLC	1,558,182		76,533,509
Kingfisher PLC	9,398,231		48,346,018
Liberty Global PLC:
Class A (a)	863,200		40,328,704
Class C	613,100		27,951,229
Lloyds Banking Group PLC (a)	249,818,400		276,752,477
London Stock Exchange Group PLC	1,385,000		49,335,958
Meggitt PLC	11,490,448		93,284,260
Next PLC	2,190,000		238,652,120
Poundland Group PLC	5,474,316		29,122,805
Prudential PLC	12,822,447		311,718,723
Reckitt Benckiser Group PLC	2,445,687		206,990,366
Rolls-Royce Group PLC	8,988,500		120,695,538
SABMiller PLC	2,226,900		121,604,955
Schroders PLC	940,300		41,043,791
Spectris PLC	1,787,900		56,282,341
Sports Direct International PLC (a)	5,832,200		62,501,431
St. James's Place Capital PLC	11,792,100		152,391,620
Tesco PLC	1,719,400		5,814,430
Travis Perkins PLC	677,480		19,612,480
Vodafone Group PLC	14,072,000		49,483,897
Whitbread PLC	1,711,130		128,994,066
TOTAL UNITED KINGDOM			3,973,920,173
United States of America - 7.5%
Alexion Pharmaceuticals, Inc. (a)	593,500		108,752,940
Alliance Data Systems Corp. (a)	262,900		75,933,407
Common Stocks - continued
	Shares		Value
United States of America - continued
Amgen, Inc.	666,600		$ 101,496,516
Celgene Corp. (a)	533,900		63,619,524
Celldex Therapeutics, Inc. (a)	476,613		10,209,050
CF Industries Holdings, Inc.	189,684		57,925,700
Fidelity National Information Services, Inc.	1,220,300		76,183,329
FMC Corp.	858,000		49,335,000
Gilead Sciences, Inc. (a)	571,800		59,941,794
Google, Inc.:
Class A (a)	170,605		91,708,718
Class C (a)	254,905		136,251,821
Las Vegas Sands Corp.	1,738,400		94,516,808
MasterCard, Inc. Class A	1,643,300		134,799,899
McGraw Hill Financial, Inc.	2,230,600		199,504,864
Mead Johnson Nutrition Co. Class A	683,100		67,278,519
Mondelez International, Inc.	976,100		34,397,764
Noble Energy, Inc.	1,189,556		56,789,403
Qorvo, Inc. (a)	698,819		51,621,760
QUALCOMM, Inc.	1,367,700		85,426,542
ResMed, Inc. (e)	406,700		25,406,549
The Blackstone Group LP	1,943,200		72,559,088
Visa, Inc. Class A	557,300		142,061,343
TOTAL UNITED STATES OF AMERICA			1,795,720,338
TOTAL COMMON STOCKS (Cost $17,991,780,535)		22,424,865,034
Preferred Stocks - 1.7%

Convertible Preferred Stocks - 0.0%
United States of America - 0.0%
NJOY, Inc.:
Series C (a)(j)	770,400		6,217,128
Series D (j)	250,743		2,023,496
TOTAL UNITED STATES OF AMERICA			8,240,624
Nonconvertible Preferred Stocks - 1.7%
Germany - 1.7%
Henkel AG & Co. KGaA	1,932,000		221,809,057
Volkswagen AG	826,626		185,229,528
TOTAL GERMANY			407,038,585
TOTAL PREFERRED STOCKS (Cost $314,992,677)		415,279,209

Government Obligations - 0.0%
		Principal Amount (d)	Value
United States of America - 0.0%
U.S. Treasury Bills, yield at date of purchase 0.01% 3/26/15 (i) (Cost $3,149,977)		$ 3,150,000	$ 3,149,943
Preferred Securities - 0.1%

Ireland - 0.1%
Baggot Securities Ltd. 10.24% (g)(h) (Cost $30,791,903)	EUR	20,050,000	26,023,508

Money Market Funds - 4.7%
	Shares
Fidelity Cash Central Fund, 0.13% (b)	1,023,053,285		1,023,053,285
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	88,455,859		88,455,859
TOTAL MONEY MARKET FUNDS (Cost $1,111,509,144)		1,111,509,144

TOTAL INVESTMENT PORTFOLIO - 100.1%

(Cost $19,452,224,236)

23,980,826,838

NET OTHER ASSETS (LIABILITIES) - (0.1)%			(23,231,548)
NET ASSETS - 100%		$ 23,957,595,290

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
746 CME Nikkei 225 Index Contracts (United States)	March 2015	$ 65,349,600	$ (1,850,543)

The face value of futures purchased as a percentage of net assets is 0.3%

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

(d) Amount is stated in United States dollars unless otherwise noted.

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

(f) Affiliated company

(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 $26,023,508 or 0.1% of net assets.

(h) Security is perpetual in nature with no stated maturity date.

(i) 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 $2,836,949.

(j) Restricted securities - 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 $8,240,624 or 0.0% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
NJOY, Inc. Series C	6/7/13	$ 6,227,143
NJOY, Inc. Series D	2/14/14	$ 4,244,101

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 Cash Central Fund	$ 267,208
Fidelity Securities Lending Cash Central Fund	699,313
Total	$ 966,521

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fairfax India Holdings Corp.	$ -	$ 61,051,750	$ -	$ -	$ 62,979,700

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 4,098,843,880	$ 2,335,103,178	$ 1,755,500,078	$ 8,240,624
Consumer Staples	2,751,333,806	1,266,251,811	1,485,081,995	-
Energy	669,643,893	457,784,428	211,859,465	-
Financials	4,973,092,382	1,896,799,078	3,076,293,304	-
Health Care	3,846,181,884	1,910,232,216	1,935,949,668	-
Industrials	1,652,776,853	1,299,140,484	353,636,369	-
Information Technology	3,027,608,030	1,757,145,773	1,270,462,257	-
Materials	1,120,208,907	875,005,632	245,203,275	-
Telecommunication Services	700,454,608	75,968,310	624,486,298	-
Government Obligations	3,149,943	-	3,149,943	-
Preferred Securities	26,023,508	-	26,023,508	-
Money Market Funds	1,111,509,144	1,111,509,144	-	-
Total Investments in Securities:	$ 23,980,826,838	$ 12,984,940,054	$ 10,987,646,160	$ 8,240,624
Derivative Instruments:
Liabilities
Futures Contracts	$ (1,850,543)	$ (1,850,543)	$ -	$ -

The following is a summary of transfers between Level 1 and Level 2 for the period ended January 31, 2015. Transfers are assumed to have occurred at the beginning of the period, and are primarily attributable to the valuation techniques used for foreign equity securities, as discussed at the end of this listing:

Transfers	Total
Level 1 to Level 2	$ 872,058,477
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $19,642,070,452. Net unrealized appreciation aggregated $4,338,756,386, of which $5,185,175,182 related to appreciated investment securities and $846,418,796 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Asia Fund

January 31, 2015

1.813038.110

SEA-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%
	Shares		Value
Bailiwick of Jersey - 0.3%
West China Cement Ltd.	28,598,000		$ 3,195,200
Bermuda - 3.0%
BW LPG Ltd.	33,694		209,293
BW Offshore Ltd.	1,195,400		1,146,522
CSI Properties Ltd.	54,220,000		2,089,794
Great Eagle Holdings Ltd.	2,315,000		7,708,809
Hongkong Land Holdings Ltd.	750,000		5,553,799
Kerry Logistics Network Ltd.	708,000		1,079,873
Luk Fook Holdings International Ltd.	675,000		2,504,898
Noble Group Ltd.	3,528,000		2,759,762
Oriental Watch Holdings Ltd.	4,036,000		717,104
PAX Global Technology Ltd. (a)	2,582,000		2,417,604
Yue Yuen Industrial (Holdings) Ltd.	1,822,000		6,779,786
TOTAL BERMUDA			32,967,244
British Virgin Islands - 0.1%
Michael Kors Holdings Ltd. (a)	22,600		1,599,854
Cayman Islands - 9.2%
58.com, Inc. ADR (a)	40,600		1,561,882
AMVIG Holdings Ltd.	1,270,000		627,122
Baidu.com, Inc. sponsored ADR (a)	19,500		4,249,440
Belle International Holdings Ltd.	2,588,000		2,929,450
Best Pacific International Holdings Ltd.	3,066,000		1,521,091
China Lilang Ltd.	243,000		152,664
China Lodging Group Ltd. ADR (a)(d)	163,200		3,541,440
China Modern Dairy Holdings Ltd. (a)	7,070,000		2,282,534
China Resources Cement Holdings Ltd.	9,553,706		5,669,602
China Sanjiang Fine Chemicals Ltd.	7,526,000		2,222,956
China State Construction International Holdings Ltd.	2,136,000		3,274,208
Greatview Aseptic Pack Co. Ltd. (d)	5,289,000		2,410,976
Hilong Holding Ltd.	2,558,000		789,718
Hosa International Ltd.	1,954,000		800,799
International Housewares Retail Co. Ltd.	6,982,000		1,759,904
Lee's Pharmaceutical Holdings Ltd.	629,500		942,460
Lifestyle International Holdings Ltd.	1,405,500		2,751,397
Lifetech Scientific Corp. (a)	1,168,000		225,349
Longfor Properties Co. Ltd.	3,223,000		4,234,193
Pico Far East Holdings Ltd.	2,384,000		534,974
Qunar Cayman Islands Ltd. sponsored ADR (a)(d)	79,000		2,317,860
Samson Holding Ltd.	4,079,000		531,520
Sino Biopharmaceutical Ltd.	4,372,000		4,367,588
SITC International Holdings Co. Ltd.	3,001,000		1,655,827
Sitoy Group Holdings Ltd.	1,108,000		731,286
SOHO China Ltd.	6,628,000		4,603,107
SPT Energy Group, Inc.	5,438,000		869,381
Sunny Optical Technology Group Co. Ltd.	1,807,000		2,740,985
Tencent Holdings Ltd.	1,875,500		31,633,227
Value Partners Group Ltd.	4,554,000		3,869,859
Vipshop Holdings Ltd. ADR (a)	73,000		1,634,470

	Shares		Value
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	91,400		$ 3,665,140
Xinyi Solar Holdings Ltd.	1,656,000		454,887
TOTAL CAYMAN ISLANDS			101,557,296
China - 19.4%
Agricultural Bank of China Ltd. (H Shares)	11,897,000		5,809,470
Aluminum Corp. of China Ltd. (H Shares) (a)	4,444,000		2,006,333
Anhui Conch Cement Co. Ltd. (H Shares)	1,081,000		3,618,729
Bank of China Ltd. (H Shares)	35,697,000		19,928,163
Baoshan Iron & Steel Co. Ltd.	2,502,314		2,361,552
BBMG Corp. (H Shares)	1,608,000		1,407,219
Beijing Jingneng Clean Energy Co. Ltd. (H Shares)	7,356,000		2,941,527
China Communications Construction Co. Ltd. (H Shares)	5,879,000		6,386,850
China Construction Bank Corp. (H Shares)	34,007,000		27,221,953
China National Building Materials Co. Ltd. (H Shares)	2,100,000		2,018,793
China Pacific Insurance Group Co. Ltd. (H Shares)	2,064,600		9,921,978
China Railway Group Ltd. (H Shares)	9,683,000		7,068,058
China Shenhua Energy Co. Ltd. (H Shares)	3,197,000		8,775,878
China Telecom Corp. Ltd. (H Shares)	18,470,000		10,922,901
China Vanke Co. Ltd. (H Shares) (a)	1,932,800		4,188,120
Chongqing Changan Automobile Co. Ltd. (B Shares)	507,086		1,268,394
CSR Corp. Ltd. (H Shares)	3,136,000		3,793,593
Daqin Railway Co. Ltd. (A Shares)	868,400		1,465,256
Huadian Fuxin Energy Corp. Ltd. (H Shares)	10,422,000		4,911,903
Industrial & Commercial Bank of China Ltd. (H Shares)	32,350,000		23,069,672
Inner Mongoli Yili Industries Co. Ltd.	830,224		3,601,034
Jiangsu Hengrui Medicine Co. Ltd.	171,518		1,109,379
Kweichow Moutai Co. Ltd.	116,800		3,287,962
Maanshan Iron & Steel Ltd. (H Shares) (a)	7,220,000		1,961,322
People's Insurance Co. of China Group (H Shares)	17,916,000		8,723,478
PetroChina Co. Ltd. (H Shares)	14,180,000		15,398,081
PICC Property & Casualty Co. Ltd. (H Shares)	3,635,120		7,089,658
Ping An Insurance (Group) Co. of China Ltd. (H Shares)	1,446,000		15,326,058
Qingdao Haier Co. Ltd.	342,390		1,085,259
SAIC Motor Corp. Ltd.	281,958		1,014,663
Shenzhen Expressway Co. (H Shares)	1,450,000		1,127,445
Tong Ren Tang Technologies Co. Ltd. (H Shares)	805,000		999,191
Weifu High-Technology Co. Ltd. (B Shares)	282,900		1,033,732
Common Stocks - continued
	Shares		Value
China - continued
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares)	535,100		$ 1,754,959
Zhejiang Expressway Co. Ltd. (H Shares)	572,000		727,909
TOTAL CHINA			213,326,472
Hong Kong - 10.7%
AIA Group Ltd.	5,291,800		30,718,578
China Mobile Ltd.	717,500		9,405,340
China Power International Development Ltd.	7,455,000		4,232,667
China Resources Power Holdings Co. Ltd.	1,664,000		4,659,147
Dah Chong Hong Holdings Ltd. (d)	8,364,000		4,897,787
Dah Sing Banking Group Ltd.	672,400		1,121,788
Dah Sing Financial Holdings Ltd.	284,400		1,642,989
Far East Horizon Ltd.	5,847,000		4,981,650
Fosun International Ltd.	1,784,000		2,491,525
Franshion Properties China Ltd.	4,914,000		1,442,751
Henderson Land Development Co. Ltd.	696,000		4,961,657
HKT Trust/HKT Ltd. unit	5,006,300		6,544,962
Hysan Development Co. Ltd.	1,245,000		6,017,308
Lenovo Group Ltd.	5,752,000		7,406,243
Magnificent Estates Ltd. (a)	6,930,000		303,293
PCCW Ltd.	11,488,000		7,620,741
Power Assets Holdings Ltd.	700,500		7,326,670
Techtronic Industries Co. Ltd.	1,340,500		4,377,762
Wheelock and Co. Ltd.	1,375,000		7,779,471
TOTAL HONG KONG			117,932,329
India - 10.6%
Alembic Pharmaceuticals Ltd. (a)	78,926		595,821
Apollo Tyres Ltd.	567,772		2,212,788
Axis Bank Ltd. (a)	276,333		2,635,656
Bajaj Finserv Ltd. (a)	113,224		2,637,417
Bharat Heavy Electricals Ltd.	634,969		2,974,775
Bharat Petroleum Corp. Ltd. (a)	366,147		4,406,961
Bharti Infratel Ltd.	801,541		4,664,086
Cadila Healthcare Ltd. (a)	41,789		1,104,101
Cox & Kings India Ltd.	730,981		3,585,177
Edelweiss Financial Srvs Ltd.	952,810		1,062,715
Engineers India Ltd.	166,459		579,375
GAIL India Ltd.	276,661		1,882,752
Grasim Industries Ltd.	38,277		2,556,350
HCL Technologies Ltd.	300,619		8,663,535
Hexaware Technologies Ltd.	1,050,854		3,812,646
IL&FS Transportation Networks Ltd. (a)	360,458		1,233,215
Indian Oil Corp. Ltd. (a)	925,815		5,163,716
JK Tyre & Industries Ltd. (a)	506,501		980,851
Just Dial Ltd.	20,788		520,808
LIC Housing Finance Ltd.	246,031		1,894,000
Mahindra & Mahindra Ltd. (a)	201,507		4,099,820
Maruti Suzuki India Ltd. (a)	99,222		5,885,623
McLeod Russel India Ltd.	344,049		1,138,897

	Shares		Value
NIIT Technologies Ltd. (a)	32,150		$ 181,153
NTPC Ltd.	2,245,016		5,188,920
Oil & Natural Gas Corp. Ltd.	481,669		2,719,323
Petronet LNG Ltd. (a)	1,587,986		4,600,892
Power Finance Corp. Ltd.	351,269		1,684,082
Power Grid Corp. of India Ltd.	477,859		1,168,436
Redington India Ltd. (a)	525,761		1,028,984
Reliance Capital Ltd. (a)	73,076		570,880
Sesa Sterlite Ltd.	1,600,457		5,187,795
Shriram City Union Finance Ltd.	51,853		1,764,419
Sun TV Ltd.	166,478		1,091,440
Tata Motors Ltd. (a)	1,122,398		10,570,330
The Jammu & Kashmir Bank Ltd.	1,573,258		3,859,146
Union Bank of India	631,071		2,121,325
UPL Ltd.	500,922		2,968,613
Vakrangee Ltd.	275,786		570,653
VST Industries Ltd. (a)	42,310		1,278,590
Yes Bank Ltd.	452,898		6,278,378
TOTAL INDIA			117,124,444
Indonesia - 2.1%
PT Astra International Tbk	2,811,000		1,730,891
PT Bank Central Asia Tbk	9,798,000		10,287,503
PT Bank Rakyat Indonesia Tbk	9,687,600		8,863,969
PT Media Nusantara Citra Tbk	3,808,100		856,784
PT United Tractors Tbk	1,174,000		1,652,006
TOTAL INDONESIA			23,391,153
Israel - 0.0%
Sarine Technologies Ltd.	290,000		558,112
Japan - 1.7%
Fuji Media Holdings, Inc.	282,000		3,544,859
KDDI Corp.	73,500		5,188,289
NGK Insulators Ltd.	110,000		2,216,636
SoftBank Corp.	63,900		3,760,624
Suzuki Motor Corp.	110,400		3,490,868
TOTAL JAPAN			18,201,276
Korea (South) - 15.9%
AMOREPACIFIC Corp.	2,407		5,754,598
AMOREPACIFIC Group, Inc.	6,017		6,803,707
Bgf Retail (a)	45,071		3,297,022
DGB Financial Group Co. Ltd.	299,544		2,849,735
Dongbu Insurance Co. Ltd.	141,230		6,758,912
GS Retail Co. Ltd.	95,284		2,247,324
Hanjin Shipping Co. Ltd. (a)	205,007		1,103,776
Hyundai Hysco Co. Ltd.	114,537		7,952,266
Hyundai Motor Co.	106,879		16,294,481
Hyundai Steel Co.	98,456		5,859,855
InterPark INT Corp.	68,735		1,458,366
KB Financial Group, Inc.	314,950		10,495,732
Korea Zinc Co. Ltd.	17,394		6,739,975
KTIS Corp.	171,423		568,576
LG Household & Health Care Ltd.	14,112		8,770,321
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Medy-Tox, Inc.	1,860		$ 619,992
Samsung Electronics Co. Ltd.	51,853		63,856,413
Samsung Heavy Industries Co. Ltd.	321,842		5,168,896
Shinhan Financial Group Co. Ltd.	325,342		13,177,165
SK Telecom Co. Ltd.	21,660		5,631,036
TOTAL KOREA (SOUTH)			175,408,148
Malaysia - 3.3%
AEON Credit Service Bhd	155,400		534,251
AMMB Holdings Bhd	773,000		1,332,680
Glomac Bhd	1,592,200		431,137
IJM Corp. Bhd	1,016,300		1,931,231
Kossan Rubber Industries Bhd	1,609,100		2,307,959
Media Prima Bhd	3,540,600		1,820,566
SapuraKencana Petroleum Bhd	2,943,500		2,162,165
Sunway Bhd	1,786,400		1,635,181
Tenaga Nasional Bhd	3,316,900		13,220,433
YTL Corp. Bhd	14,812,400		7,130,515
YTL Power International Bhd	8,024,300		3,532,446
TOTAL MALAYSIA			36,038,564
Philippines - 1.7%
ABS CBN Broadcasting Corp. (depositary receipt)	357,700		403,391
Alliance Global Group, Inc.	4,793,700		2,703,016
Ayala Land, Inc.	3,119,700		2,534,903
D&L Industries, Inc.	1,865,900		715,445
Globe Telecom, Inc.	69,465		2,735,567
Jollibee Food Corp.	408,110		2,137,646
Metropolitan Bank & Trust Co.	2,010,640		4,321,364
Security Bank Corp.	827,248		2,839,668
TOTAL PHILIPPINES			18,391,000
Singapore - 5.1%
Amtek Engineering Ltd.	707,000		324,351
Ascendas Real Estate Investment Trust	1,634,000		2,967,484
Boustead Singapore Ltd.	410,088		545,292
CWT Ltd.	422,000		524,024
Ezion Holdings Ltd.	7,670,600		7,191,662
Frasers Centrepoint Ltd.	438,000		555,763
Hyflux Ltd.	1,645,000		1,157,421
Mapletree Industrial (REIT)	5,331,351		6,021,213
Sheng Siong Group Ltd.	2,091,000		1,118,580
Singapore Telecommunications Ltd.	4,479,000		13,488,392
Sound Global Ltd. (a)	1,008,000		1,019,799
United Overseas Bank Ltd.	855,000		14,621,166
UOL Group Ltd.	602,000		3,203,762
Wing Tai Holdings Ltd.	2,134,000		2,883,858
TOTAL SINGAPORE			55,622,767
Taiwan - 11.4%
ASUSTeK Computer, Inc.	850,000		8,819,919

	Shares		Value
FLEXium Interconnect, Inc.	416,000		$ 980,576
Fubon Financial Holding Co. Ltd.	6,929,000		10,900,585
Giant Manufacturing Co. Ltd.	314,000		2,720,865
Hon Hai Precision Industry Co. Ltd. (Foxconn)	7,326,200		19,958,330
NAK Sealing Technologies Corp.	148,000		461,975
Novatek Microelectronics Corp.	1,175,000		6,416,578
Pegatron Corp.	2,654,000		7,006,398
Pou Chen Corp.	2,043,000		2,777,744
Realtek Semiconductor Corp.	467,000		1,405,753
Richtek Technology Corp.	435,000		2,188,731
Sinopac Holdings Co.	16,337,060		6,600,804
Taishin Financial Holdings Co. Ltd.	11,061,583		4,502,744
Taiwan Semiconductor Manufacturing Co. Ltd.	9,804,192		42,804,832
Wistron Corp.	6,231,000		5,639,847
Wistron NeWeb Corp.	1,043,000		2,221,356
TOTAL TAIWAN			125,407,037
Thailand - 2.5%
Asian Property Development PCL (For. Reg.)	5,799,800		1,132,066
Bangkok Expressway PCL (For.Reg.)	827,200		985,982
CH. Karnchang PCL	1,369,900		1,219,706
Intouch Holdings PCL NVDR	2,456,800		6,039,908
Kasikornbank PCL (For. Reg.)	1,328,400		9,058,762
Preuksa Real Estate PCL (For. Reg.)	3,899,200		3,824,520
Thai Beverage PCL	10,309,000		5,493,245
TOTAL THAILAND			27,754,189
United Kingdom - 0.4%
Standard Chartered PLC (United Kingdom)	301,057		4,025,294
United States of America - 0.7%
China Biologic Products, Inc. (a)	8,000		545,120
Cognizant Technology Solutions Corp. Class A (a)	135,100		7,312,963
TOTAL UNITED STATES OF AMERICA			7,858,083
TOTAL COMMON STOCKS (Cost $1,000,762,109)		1,080,358,462
Money Market Funds - 1.8%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	18,058,220		$ 18,058,220
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	1,406,595		1,406,595
TOTAL MONEY MARKET FUNDS (Cost $19,464,815)		19,464,815
TOTAL INVESTMENT PORTFOLIO - 99.9% (Cost $1,020,226,924)			1,099,823,277
NET OTHER ASSETS (LIABILITIES) - 0.1%			762,313
NET ASSETS - 100%		$ 1,100,585,590

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 5,736
Fidelity Securities Lending Cash Central Fund	2,708
Total	$ 8,444

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 110,451,877	$ 9,093,624	$ 101,358,253	$ -
Consumer Staples	46,828,773	-	46,828,773	-
Energy	53,978,884	1,355,815	52,623,069	-
Financials	368,872,542	4,025,294	364,847,248	-
Health Care	16,482,100	4,210,260	12,271,840	-
Industrials	53,544,433	-	53,544,433	-
Information Technology	233,853,743	13,124,285	220,729,458	-
Materials	61,971,628	-	61,971,628	-
Telecommunication Services	76,001,846	-	76,001,846	-
Utilities	58,372,636	-	55,431,109	2,941,527
Money Market Funds	19,464,815	19,464,815	-	-
Total Investments in Securities:	$ 1,099,823,277	$ 51,274,093	$ 1,045,607,657	$ 2,941,527

Transfers	Total
Level 1 to Level 2	$ 149,335,268
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $1,020,634,242. Net unrealized appreciation aggregated $79,189,035, of which $133,118,592 related to appreciated investment securities and $53,929,557 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Europe,
Middle East, Africa (EMEA) Fund

January 31, 2015

1.861978.106

EME-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value
Austria - 0.9%
CA Immobilien Anlagen AG	43,700		$ 886,636
Bermuda - 0.4%
Aquarius Platinum Ltd. (a)	1,967,700		418,220
Botswana - 0.3%
First National Bank of Botswana Ltd.	814,358		308,536
Canada - 0.8%
Africa Oil Corp. (a)	246,600		463,818
SEMAFO, Inc. (a)	105,000		367,711
TOTAL CANADA			831,529
Croatia - 0.5%
Ledo d.d.	413		494,063
Czech Republic - 1.5%
Komercni Banka A/S	7,705		1,571,591
Estonia - 0.4%
Tallinna Kaubamaja AS	70,900		436,638
Greece - 1.7%
Fourlis Holdings SA (a)	130,500		411,427
Jumbo SA	53,036		505,216
Karelia Tobacco Co., Inc.	1,970		467,481
Sarantis SA	37,800		301,134
TOTAL GREECE			1,685,258
Kenya - 1.5%
British American Tobacco Kenya Ltd.	31,700		311,293
Kenya Commercial Bank Ltd.	756,500		482,872
Safaricom Ltd.	4,416,544		681,878
TOTAL KENYA			1,476,043
Kuwait - 0.9%
Kuwait Food Co. (Americana)	95,250		877,791
Lithuania - 0.5%
Apranga AB (a)	163,766		494,098
Luxembourg - 0.6%
Pegas NONWOVENS SA	20,400		559,782
Nigeria - 0.7%
FBN Holdings PLC	3,800,000		143,652
Zenith Bank PLC	6,384,656		545,019
TOTAL NIGERIA			688,671
Common Stocks - continued
	Shares		Value
Oman - 0.8%
National Bank of Oman (a)	835,224		$ 776,549
Pakistan - 1.2%
Indus Motor Co. Ltd.	37,000		376,900
Pak Suzuki Motors	116,800		496,030
United Bank Ltd.	190,000		338,327
TOTAL PAKISTAN			1,211,257
Poland - 3.8%
Bank Handlowy w Warszawie SA	43,000		1,256,767
Bank Polska Kasa Opieki SA	42,900		2,072,752
Orbis SA	50,000		576,308
TOTAL POLAND			3,905,827
Qatar - 3.2%
Al Meera Consumer Goods Co. (a)	7,996		439,099
Commercial Bank of Qatar (a)	56,748		1,051,755
Qatar National Bank SAQ (a)	32,850		1,785,914
TOTAL QATAR			3,276,768
Romania - 2.1%
Banca Transilvania SA (a)	1,651,868		883,667
Bursa de Valori Bucuresti (a)	73,404		719,904
SNP Petrom SA	5,839,899		538,081
TOTAL ROMANIA			2,141,652
Russia - 12.0%
Gazprom OAO sponsored ADR (Reg. S)	898,200		3,637,710
LUKOIL Oil Co. sponsored ADR (United Kingdom)	109,895		4,329,863
Megafon OJSC GDR	81,800		1,123,932
NOVATEK OAO GDR (Reg. S)	2,425		169,750
Sberbank of Russia sponsored ADR	661,400		2,450,487
Vozrozhdenie Bank (a)	90,200		478,799
TOTAL RUSSIA			12,190,541
Slovenia - 0.4%
Krka dd Novo mesto	6,700		439,042
South Africa - 46.5%
AngloGold Ashanti Ltd. (a)	191,000		2,316,620
Ascendis Health Ltd.	160,000		218,518
Aspen Pharmacare Holdings Ltd.	63,600		2,381,467
Cashbuild Ltd.	79,700		1,265,372
Clicks Group Ltd.	191,220		1,477,870
Common Stocks - continued
	Shares		Value
South Africa - continued
DRDGOLD Ltd.	3,680,214		$ 841,799
FirstRand Ltd.	720,300		3,205,607
Grand Parade Investments Ltd.	727,000		392,380
Holdsport Ltd.	220,400		940,651
Hulamin Ltd. (a)	896,200		677,010
MTN Group Ltd.	323,350		5,583,838
Nampak Ltd.	498,100		1,815,841
Naspers Ltd. Class N	50,900		7,342,931
Netcare Ltd.	154,000		511,255
Pioneer Foods Ltd.	97,500		1,270,651
Raubex Group Ltd.	484,600		841,359
Remgro Ltd.	124,500		2,880,900
RMB Holdings Ltd.	184,600		1,042,639
Sasol Ltd.	98,100		3,543,371
Shoprite Holdings Ltd.	120,100		1,898,501
Spar Group Ltd.	71,500		1,127,897
Standard Bank Group Ltd.	239,363		3,160,843
Telkom SA Ltd. (a)	102,800		614,327
Truworths International Ltd.	129,000		893,321
Zeder Investments Ltd.	1,390,847		934,026
TOTAL SOUTH AFRICA			47,178,994
Turkey - 7.3%
Aselsan A/S	244,000		1,186,935
Brisa Bridgestone S.A.B. Las San	151,000		669,726
Gubre Fabrikalari TAS	298,000		679,737
Koc Holding A/S	255,850		1,333,478
Logo Yazilim Sanayi Ve Ticar (a)	43,328		492,384
Pinar Sut Mamulleri Sanayi A/S	58,000		521,604
Soda Sanayii AS	180,000		384,826
Turkiye Garanti Bankasi A/S	505,000		2,123,418
TOTAL TURKEY			7,392,108
United Arab Emirates - 4.0%
Agthia Group PJSC	300,000		514,559
Aldar Properties PJSC (a)	1,409,585		909,521
Emaar Properties PJSC	272,227		496,568
First Gulf Bank PJSC	248,138		1,148,459
SHUAA Capital PSC (a)	5,249,942		997,661
TOTAL UNITED ARAB EMIRATES			4,066,768
Common Stocks - continued
	Shares		Value
United Kingdom - 4.6%
Abdullah Al Othaim Markets Co. ELS (HSBC Warrant Program) warrants 7/31/17 (a)(c)	17,836		$ 523,566
Al Noor Hospitals Group PLC	30,100		411,657
Alabama Khaleej Training & Education ELS (HSBC Bank Warrant Program) warrants 7/18/16 (a)(c)	32,384		568,146
Fawaz Abdulaziz Alhokair Co. ELS (HSBC Warrant Program) warrants 3/20/17 (a)(c)	10,300		248,937
Halwani Bros. Co. ELS (HSBC Warrant Program) warrants 5/4/15 (a)(c)	16,262		360,119
NMC Health PLC	68,700		525,140
Saudia Dairy & Foodstuff Co. ELS (HSBC Warrant Program) warrants 6/26/15 (a)(c)	19,000		610,132
Savola Group ELS (HSBC Warrant Program) warrants 2/6/17 (a)(c)	34,200		734,705
United International Transportation Co. ELS (HSBC Warrant Program) warrants 7/31/17 (a)(c)	30,667		636,706
TOTAL UNITED KINGDOM			4,619,108
TOTAL COMMON STOCKS (Cost $93,108,157)		97,927,470
Nonconvertible Preferred Stocks - 2.3%

Russia - 2.3%
Surgutneftegas (a)	2,448,600		1,477,328
Tatneft OAO (a)	363,800		832,070
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,423,687)		2,309,398
Money Market Funds - 0.6%

Fidelity Cash Central Fund, 0.13% (b) (Cost $633,903)	633,903		633,903
TOTAL INVESTMENT PORTFOLIO - 99.5% (Cost $96,165,747)			100,870,771
NET OTHER ASSETS (LIABILITIES) - 0.5%			547,836
NET ASSETS - 100%		$ 101,418,607

Security Type Abbreviations

ELS

Equity-Linked Security

Legend

(a) Non-income producing

(c) 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 $3,682,311 or 3.6% of net assets.

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 Cash Central Fund	$ 207

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 16,370,079	$ 4,967,278	$ 11,402,801	$ -
Consumer Staples	10,754,607	3,485,871	7,268,736	-
Energy	14,991,991	11,448,620	3,543,371	-
Financials	34,273,217	19,305,436	14,967,781	-
Health Care	4,487,079	1,375,839	3,111,240	-
Industrials	3,361,772	2,520,413	841,359	-
Information Technology	492,384	492,384	-	-
Materials	7,501,764	1,432,274	6,069,490	-
Telecommunication Services	8,003,975	1,805,810	6,198,165	-
Money Market Funds	633,903	633,903	-	-
Total Investments in Securities:	$ 100,870,771	$ 47,467,828	$ 53,402,943	$ -

Transfers	Total
Level 1 to Level 2	$ 43,108,451
Level 2 to Level 1	$ 0

Valuation Inputs at Reporting Date:

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

Investments in Securities:

Beginning Balance	$ 1,010,924
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	-
Cost of Purchases	-
Proceeds of Sales	-
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	(1,010,924)
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at January 31, 2015	$ -

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges.

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $97,173,002. Net unrealized appreciation aggregated $3,697,769, of which $18,651,163 related to appreciated investment securities and $14,953,394 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Markets Discovery Fund

January 31, 2015

1.931229.103

EMD-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.7%
	Shares		Value
Bailiwick of Jersey - 0.5%
West China Cement Ltd.	3,088,000		$ 345,016
Bangladesh - 0.4%
Titas Gas Transmission & Distribution Co. Ltd. (a)	345,704		334,660
Bermuda - 4.4%
Aquarius Platinum Ltd. (Australia) (a)	1,441,115		308,974
ChipMOS TECHNOLOGIES (Bermuda) Ltd.	23,100		542,157
Shangri-La Asia Ltd.	580,000		752,910
Vtech Holdings Ltd.	41,200		579,962
Yue Yuen Industrial (Holdings) Ltd.	295,000		1,097,715
TOTAL BERMUDA			3,281,718
Brazil - 2.6%
Companhia de Saneamento de Minas Gerais	20,150		127,662
Cosan SA Industria e Comercio	16,380		149,744
Fibria Celulose SA (a)	51,300		617,531
Minerva SA (a)	70,700		227,389
QGEP Participacoes SA	104,100		221,139
Qualicorp SA (a)	56,200		556,083
TOTAL BRAZIL			1,899,548
British Virgin Islands - 0.7%
Luxoft Holding, Inc. (a)	13,400		522,868
Canada - 1.3%
Pan American Silver Corp.	49,300		574,838
Torex Gold Resources, Inc. (a)	318,500		363,441
TOTAL CANADA			938,279
Cayman Islands - 10.1%
58.com, Inc. ADR (a)(d)	10,900		419,323
China Cord Blood Corp. (a)	109,500		511,365
China Lodging Group Ltd. ADR (a)(d)	36,400		789,880
China ZhengTong Auto Services Holdings Ltd.	837,000		418,981
Cimc Enric Holdings Ltd.	242,000		186,355
Haitian International Holdings Ltd.	315,000		610,718
Hilong Holding Ltd.	1,067,000		329,409
Lee's Pharmaceutical Holdings Ltd.	377,000		564,428
Pico Far East Holdings Ltd.	2,320,000		520,612
Semiconductor Manufacturing International Corp. (a)	5,083,000		440,588
Shenzhou International Group Holdings Ltd.	152,000		552,296
Silergy Corp.	46,520		337,066
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
SITC International Holdings Co. Ltd.	1,697,000		$ 936,334
Uni-President China Holdings Ltd.	977,000		837,627
TOTAL CAYMAN ISLANDS			7,454,982
Chile - 5.3%
Aguas Andinas SA	902,025		519,649
CorpBanca SA	51,607,944		570,182
Inversiones La Construccion SA	46,743		560,550
Quinenco SA	668,809		1,372,284
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR	21,500		512,990
Vina Concha y Toro SA	231,088		421,267
TOTAL CHILE			3,956,922
China - 4.3%
BBMG Corp. (H Shares)	686,500		600,781
China Machinery Engineering Co. (H Shares)	703,000		596,499
Qingdao Haier Co. Ltd.	321,443		1,018,864
Tong Ren Tang Technologies Co. Ltd. (H Shares)	387,000		480,357
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	82,500		460,223
TOTAL CHINA			3,156,724
Colombia - 0.3%
Organizacion Terpel SA (a)	35,099		247,419
Egypt - 0.8%
Citadel Capital Corp. (a)	1,411,500		598,814
Greece - 0.7%
Public Power Corp. of Greece (a)	20,320		110,216
Titan Cement Co. SA (Reg.)	20,200		450,814
TOTAL GREECE			561,030
Hong Kong - 4.0%
China Power International Development Ltd.	568,000		322,489
Far East Horizon Ltd.	1,174,000		1,000,249
Techtronic Industries Co. Ltd.	497,000		1,623,086
TOTAL HONG KONG			2,945,824
India - 17.5%
Adani Ports & Special Economic Zone	167,859		921,095
CMC Ltd.	22,977		689,689
Edelweiss Financial Srvs Ltd.	274,728		306,417
Exide Industries Ltd.	326,672		977,949
Common Stocks - continued
	Shares		Value
India - continued
GAIL India Ltd.	46,973		$ 319,664
Grasim Industries Ltd.	14,102		941,810
IDFC Ltd. (a)	425,627		1,230,277
Iifl Holdings Ltd.	239,330		688,592
IL&FS Investment Managers Ltd.	186,866		54,961
Ipca Laboratories Ltd. (a)	43,083		442,941
JK Cement Ltd.	45,122		506,409
KPIT Cummins Infosystems Ltd. (a)	189,802		632,551
Lupin Ltd.	26,013		680,725
Mahindra Lifespace Developers Ltd.	69,028		571,371
MindTree Consulting Ltd.	18,193		387,301
Tech Mahindra Ltd.	19,673		908,953
The Jammu & Kashmir Bank Ltd.	237,424		582,393
VST Industries Ltd. (a)	16,823		508,384
Yes Bank Ltd.	115,343		1,598,963
TOTAL INDIA			12,950,445
Israel - 1.5%
Bezeq The Israel Telecommunication Corp. Ltd.	354,800		566,749
NICE Systems Ltd. sponsored ADR	10,500		513,975
TOTAL ISRAEL			1,080,724
Korea (South) - 12.4%
AMOREPACIFIC Group, Inc.	757		855,976
Bgf Retail (a)	1,505		110,093
Binggrea Co. Ltd.	5,066		340,749
Daewoo International Corp.	36,810		912,983
DGB Financial Group Co. Ltd.	49,290		468,924
E-Mart Co. Ltd.	3,366		633,569
Fila Korea Ltd.	10,039		997,077
Hyundai HCN	75,056		294,981
Hyundai Industrial Development & Construction Co.	19,634		761,918
Hyundai Wia Corp.	4,980		689,244
Kolon Life Science, Inc.	8,586		341,255
Korean Reinsurance Co.	100,712		929,148
Leeno Industrial, Inc.	14,995		541,752
Sansung Life & Science Co. Ltd. (a)	16,536		492,283
Sungshin Cement Manufacturing Co. Ltd. (a)	64,867		794,797
TOTAL KOREA (SOUTH)			9,164,749
Malaysia - 0.7%
Top Glove Corp. Bhd	358,700		492,692
Common Stocks - continued
	Shares		Value
Mexico - 6.0%
Banregio Grupo Financiero S.A.B. de CV (a)	157,600		$ 815,363
Credito Real S.A.B. de CV	212,621		428,519
Grupo Aeroportuario del Pacifico SA de CV Series B	87,100		575,844
Grupo Aeroportuario Norte S.A.B. de CV	90,200		413,706
Grupo Comercial Chedraui S.A.B. de CV (a)	53,900		149,372
Macquarie Mexican (REIT)	624,800		1,028,724
Megacable Holdings S.A.B. de CV unit (a)	148,300		541,476
Qualitas Controladora S.A.B. de CV (a)	238,700		473,594
TOTAL MEXICO			4,426,598
Nigeria - 0.8%
Transnational Corp. of Nigeria PLC	10,428,137		156,797
Zenith Bank PLC	4,745,784		405,119
TOTAL NIGERIA			561,916
Panama - 1.0%
Copa Holdings SA Class A	6,700		720,317
Philippines - 3.9%
Alliance Global Group, Inc.	1,795,300		1,012,313
Nickel Asia Corp.	859,350		527,739
PNOC Energy Development Corp.	2,149,700		414,782
Robinsons Land Corp.	1,464,000		919,330
TOTAL PHILIPPINES			2,874,164
Poland - 0.0%
Cyfrowy Polsat SA	3,400		21,866
Singapore - 0.4%
First Resources Ltd.	240,000		329,647
South Africa - 0.6%
Alexander Forbes Group Holding (a)	387,017		313,834
Blue Label Telecoms Ltd.	176,300		127,764
TOTAL SOUTH AFRICA			441,598
Sri Lanka - 0.7%
John Keells Holdings Ltd.	340,102		549,668
Taiwan - 8.2%
Advantech Co. Ltd.	71,000		526,332
ASPEED Tech, Inc.	5,902		53,641
Chicony Electronics Co. Ltd.	170,120		463,455
Chroma ATE, Inc.	296,000		732,452
Cleanaway Co. Ltd.	126,000		611,718
Cub Elecparts, Inc.	47,000		478,152
Common Stocks - continued
	Shares		Value
Taiwan - continued
EPISTAR Corp.	178,000		$ 313,072
Everlight Electronics Co. Ltd.	171,000		407,232
GeoVision, Inc.	8,300		30,474
King's Town Bank	406,000		425,398
Lextar Electronics Corp.	296,000		279,024
MJC Probe, Inc.	142,000		480,507
St.Shine Optical Co. Ltd.	27,000		421,528
Universal Cement Corp.	392,000		332,549
Voltronic Power Technology Corp.	57,000		510,539
TOTAL TAIWAN			6,066,073
Thailand - 0.7%
Thai Union Frozen Products PCL (For. Reg.)	819,200		541,865
Turkey - 3.1%
Aksa Akrilik Kimya Sanayii	234,000		908,719
Aselsan A/S	130,000		632,384
Aygaz A/S	89,000		378,367
Tupras Turkiye Petrol Rafinelleri A/S	17,576		381,868
TOTAL TURKEY			2,301,338
Uganda - 0.5%
Umeme Ltd.	2,130,383		376,082
Vietnam - 0.3%
FTP Corp.	104,000		231,740
TOTAL COMMON STOCKS (Cost $68,578,886)		69,375,286
Nonconvertible Preferred Stocks - 2.3%

Brazil - 1.8%
Banco do Estado Rio Grande do Sul SA	109,700		498,776
Braskem SA (PN-A)	95,500		443,110
Marcopolo SA (PN)	430,900		430,378
TOTAL BRAZIL			1,372,264
Korea (South) - 0.5%
LG Chemical Ltd.	2,835		373,331
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,302,531)		1,745,595

Government Obligations - 0.1%
	Principal Amount	Value
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0% to 0.03% 2/26/15 to 3/26/15 (e) (Cost $69,999)	$ 70,000	$ 69,999

Money Market Funds - 5.0%
	Shares
Fidelity Cash Central Fund, 0.13% (b)	2,643,949		2,643,949
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	1,027,975		1,027,975
TOTAL MONEY MARKET FUNDS (Cost $3,671,924)		3,671,924
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $74,623,340)			74,862,804
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(806,076)
NET ASSETS - 100%		$ 74,056,728

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
26 NYSE E-mini MSCI Emerging Markets Index Contracts (United States)	March 2015	$ 1,236,950	$ (29,775)

The face value of futures purchased as a percentage of net assets is 1.7%

Legend

(a) Non-income producing

(b) 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 which are not covered by the Fund's are available on the SEC's website or upon request.

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

(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 $50,000.

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 Cash Central Fund	$ 798
Fidelity Securities Lending Cash Central Fund	3,276
Total	$ 4,074

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 11,931,227	$ 2,509,360	$ 9,421,867	$ -
Consumer Staples	4,955,938	798,028	4,157,910	-
Energy	1,416,820	1,087,411	329,409	-
Financials	14,626,295	5,536,438	9,089,857	-
Health Care	4,491,374	1,067,448	3,423,926	-
Industrials	12,343,040	4,694,581	7,648,459	-
Information Technology	10,034,114	2,230,063	7,804,051	-
Materials	8,186,413	2,962,724	5,223,689	-
Telecommunication Services	566,749	566,749	-	-
Utilities	2,568,911	1,511,976	1,056,935	-
Government Obligations	69,999	-	69,999	-
Money Market Funds	3,671,924	3,671,924	-	-
Total Investments in Securities:	$ 74,862,804	$ 26,636,702	$ 48,226,102	$ -
Derivative Instruments:
Liabilities
Futures Contracts	$ (29,775)	$ (29,775)	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 12,012,099
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $74,803,392. Net unrealized appreciation aggregated $59,412, of which $7,187,443 related to appreciated investment securities and $7,128,031 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Markets Fund

January 31, 2015

1.813065.110

EMF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.3%
	Shares		Value
Argentina - 1.0%
Banco Macro SA sponsored ADR (d)	238,100		$ 9,200,184
Grupo Financiero Galicia SA sponsored ADR (d)	467,823		7,653,584
YPF SA Class D sponsored ADR	464,600		10,894,870
TOTAL ARGENTINA			27,748,638
Australia - 1.2%
Carsales.com Ltd. (d)	1,350,821		10,756,339
SEEK Ltd.	780,874		10,746,777
Sydney Airport unit	2,969,594		11,475,167
TOTAL AUSTRALIA			32,978,283
Bailiwick of Jersey - 0.4%
WPP PLC	525,400		11,553,844
Bermuda - 2.2%
China Gas Holdings Ltd.	8,315,000		12,851,229
China Resources Gas Group Ltd.	4,516,000		10,991,819
Credicorp Ltd. (United States)	142,032		20,469,652
Petra Diamonds Ltd. (a)	4,532,500		10,472,390
Summit Ascent Holdings Ltd. (a)	14,874,000		8,275,282
TOTAL BERMUDA			63,060,372
Brazil - 5.5%
BB Seguridade Participacoes SA	1,733,300		18,991,529
CCR SA	2,774,200		15,797,923
Cetip SA - Mercados Organizado	1,013,900		13,017,369
Cielo SA	1,505,360		22,440,846
Iguatemi Empresa de Shopping Centers SA	1,255,100		11,366,414
Kroton Educacional SA	4,006,100		18,363,936
Qualicorp SA (a)	1,426,300		14,112,835
Smiles SA	698,200		10,993,739
Ultrapar Participacoes SA	855,300		16,894,028
Weg SA	1,261,095		15,039,612
TOTAL BRAZIL			157,018,231
British Virgin Islands - 0.3%
Mail.Ru Group Ltd. GDR (a)(e)	664,700		9,571,680
Cayman Islands - 5.9%
Alibaba Group Holding Ltd. sponsored ADR	149,200		13,290,736
Autohome, Inc. ADR Class A (a)(d)	301,100		10,725,182
Baidu.com, Inc. sponsored ADR (a)	64,820		14,125,574
Bitauto Holdings Ltd. ADR (a)	198,335		11,864,400
Sands China Ltd.	2,626,600		12,787,204
Sino Biopharmaceutical Ltd.	16,096,000		16,079,756
SouFun Holdings Ltd. ADR (d)	1,831,100		11,188,021
Tencent Holdings Ltd.	4,723,400		79,667,493
TOTAL CAYMAN ISLANDS			169,728,366
China - 3.5%
China International Travel Service Corp. Ltd. (A Shares)	1,706,900		12,493,828

	Shares		Value
China Pacific Insurance Group Co. Ltd. (H Shares)	5,002,800		$ 24,042,269
Daqin Railway Co. Ltd. (A Shares)	6,865,200		11,583,690
Kweichow Moutai Co. Ltd.	498,900		14,044,214
PICC Property & Casualty Co. Ltd. (H Shares)	9,416,783		18,365,768
SAIC Motor Corp. Ltd.	3,323,000		11,958,254
Weifu High-Technology Co. Ltd. (B Shares)	2,382,023		8,704,041
TOTAL CHINA			101,192,064
Denmark - 0.4%
Novo Nordisk A/S Series B sponsored ADR	280,999		12,521,315
Egypt - 0.6%
Commercial International Bank SAE sponsored GDR	2,209,100		15,817,156
Finland - 0.4%
Kone Oyj (B Shares) (d)	252,640		11,405,054
France - 1.7%
Ingenico SA	111,574		11,684,967
LVMH Moet Hennessy - Louis Vuitton SA	79,761		12,933,645
Safran SA	179,900		12,032,558
Zodiac Aerospace	372,100		12,391,339
TOTAL FRANCE			49,042,509
Germany - 0.4%
Bayer AG	76,400		11,054,813
Greece - 0.5%
Folli Follie SA	440,696		13,191,662
Hong Kong - 0.9%
AIA Group Ltd.	2,213,000		12,846,331
Galaxy Entertainment Group Ltd.	2,348,000		12,264,027
TOTAL HONG KONG			25,110,358
India - 11.2%
Adani Ports & Special Economic Zone	2,658,456		14,587,780
Asian Paints India Ltd.	424,389		5,860,901
Axis Bank Ltd. (a)	1,619,289		15,444,731
Exide Industries Ltd.	4,408,845		13,198,636
Grasim Industries Ltd.	190,779		12,741,279
HCL Technologies Ltd.	692,371		19,953,431
HDFC Bank Ltd.	755,036		14,403,845
Housing Development Finance Corp. Ltd.	1,763,788		35,792,341
ICICI Bank Ltd. (a)	3,209,714		18,621,483
ITC Ltd. (a)	3,759,276		22,264,848
Larsen & Toubro Ltd. (a)	756,323		20,672,038
LIC Housing Finance Ltd.	2,132,135		16,413,641
Lupin Ltd.	574,399		15,031,237
Sun Pharmaceutical Industries Ltd. (a)	1,450,239		21,424,261
Sun TV Ltd.	1,966,259		12,890,920
Tata Consultancy Services Ltd.	661,703		26,464,900
Common Stocks - continued
	Shares		Value
India - continued
Tata Motors Ltd. (a)	2,025,645		$ 19,076,776
Titan Co. Ltd. (a)	2,202,842		15,819,548
TOTAL INDIA			320,662,596
Indonesia - 6.9%
PT ACE Hardware Indonesia Tbk	220,768,500		12,878,553
PT Astra International Tbk	39,384,100		24,251,005
PT Bank Central Asia Tbk	22,661,700		23,793,868
PT Bank Rakyat Indonesia Tbk	23,884,200		21,853,587
PT Global Mediacom Tbk	114,433,200		16,690,901
PT Indocement Tunggal Prakarsa Tbk	7,832,600		14,118,207
PT Jasa Marga Tbk	25,546,400		14,454,781
PT Matahari Department Store Tbk	11,167,500		13,639,140
PT Media Nusantara Citra Tbk	73,112,700		16,449,619
PT Semen Gresik (Persero) Tbk	12,199,500		13,950,997
PT Surya Citra Media Tbk	48,021,800		12,890,990
PT Tower Bersama Infrastructure Tbk	17,333,400		12,978,807
TOTAL INDONESIA			197,950,455
Kenya - 1.3%
East African Breweries Ltd.	3,392,953		11,513,458
Kenya Commercial Bank Ltd.	17,738,000		11,322,128
Safaricom Ltd.	90,200,500		13,926,209
TOTAL KENYA			36,761,795
Korea (South) - 6.3%
Coway Co. Ltd.	208,838		16,602,876
KEPCO Plant Service & Engineering Co. Ltd.	145,846		11,652,875
NAVER Corp.	42,518		27,338,633
Samsung Electronics Co. Ltd.	100,868		124,217,856
TOTAL KOREA (SOUTH)			179,812,240
Malaysia - 0.7%
Astro Malaysia Holdings Bhd	12,474,000		10,021,233
Tune Insurance Holdings Bhd	22,506,000		11,195,562
TOTAL MALAYSIA			21,216,795
Mexico - 5.9%
Banregio Grupo Financiero S.A.B. de CV (a)	2,148,293		11,114,455
Compartamos S.A.B. de CV	493,900		933,136
Fomento Economico Mexicano S.A.B. de CV unit (a)	2,825,193		23,595,578
Grupo Aeroportuario del Pacifico SA de CV Series B	2,183,657		14,436,800
Grupo Aeroportuario del Sureste SA de CV Series B (a)	1,224,300		16,007,093
Grupo Aeroportuario Norte S.A.B. de CV	2,500,800		11,470,029
Grupo Financiero Banorte S.A.B. de CV Series O	4,463,300		22,650,738
Grupo Mexico SA de CV Series B	6,628,600		17,507,340

	Shares		Value
Grupo Televisa SA de CV (a)	3,783,957		$ 24,628,096
Megacable Holdings S.A.B. de CV unit (a)	3,566,652		13,022,640
Promotora y Operadora de Infraestructura S.A.B. de CV (a)	1,191,300		13,409,129
TOTAL MEXICO			168,775,034
Nigeria - 1.1%
Guaranty Trust Bank PLC GDR (Reg. S)	2,070,096		10,971,509
Nestle Foods Nigeria PLC	2,340,058		9,984,705
Nigerian Breweries PLC	15,362,243		11,632,875
TOTAL NIGERIA			32,589,089
Norway - 0.3%
Schibsted ASA (B Shares)	152,300		9,856,457
Philippines - 3.8%
Alliance Global Group, Inc.	28,001,200		15,788,991
GT Capital Holdings, Inc.	578,085		15,787,656
Metropolitan Bank & Trust Co.	7,191,278		15,455,838
Robinsons Land Corp.	19,133,600		12,015,094
Robinsons Retail Holdings, Inc.	7,913,270		14,168,729
SM Investments Corp.	911,692		19,123,945
SM Prime Holdings, Inc.	39,104,500		16,398,504
TOTAL PHILIPPINES			108,738,757
Russia - 1.6%
Magnit OJSC GDR (Reg. S)	473,834		18,100,459
NOVATEK OAO GDR (Reg. S)	231,800		16,226,000
Sberbank of Russia sponsored ADR	3,354,800		12,429,534
TOTAL RUSSIA			46,755,993
South Africa - 10.6%
Alexander Forbes Group Holding (a)	14,245,261		11,551,567
Aspen Pharmacare Holdings Ltd.	636,890		23,847,991
Bidvest Group Ltd.	778,698		21,490,964
Coronation Fund Managers Ltd.	1,339,200		11,852,030
Discovery Ltd.	1,573,400		15,496,937
FirstRand Ltd.	4,984,500		22,182,905
Life Healthcare Group Holdings Ltd.	4,473,464		16,647,752
Mr Price Group Ltd.	820,288		18,579,476
MTN Group Ltd.	2,083,800		35,984,544
Nampak Ltd.	3,990,000		14,545,686
Naspers Ltd. Class N	394,912		56,970,757
Remgro Ltd.	805,100		18,629,821
Sanlam Ltd.	3,356,300		20,116,808
Woolworths Holdings Ltd.	2,069,100		15,358,042
TOTAL SOUTH AFRICA			303,255,280
Spain - 0.5%
Amadeus IT Holding SA Class A	332,200		13,359,988
Switzerland - 1.2%
Compagnie Financiere Richemont SA Series A	156,353		12,989,512
Common Stocks - continued
	Shares		Value
Switzerland - continued
Novartis AG	114,618		$ 11,169,845
Roche Holding AG (participation certificate)	40,904		11,024,341
TOTAL SWITZERLAND			35,183,698
Taiwan - 5.6%
Delta Electronics, Inc.	3,734,000		22,642,732
Giant Manufacturing Co. Ltd.	1,555,000		13,474,349
Largan Precision Co. Ltd.	192,000		15,851,314
Merida Industry Co. Ltd.	1,920,600		13,170,853
Taiwan Semiconductor Manufacturing Co. Ltd.	21,459,000		93,689,403
TOTAL TAIWAN			158,828,651
Thailand - 3.1%
Airports of Thailand PCL (For. Reg.)	1,707,500		16,829,767
Bangkok Dusit Medical Services PCL (For. Reg.)	21,864,600		12,383,858
Bumrungrad Hospital PCL (For. Reg.)	3,123,900		14,844,023
Central Pattana PCL (For. Reg.)	7,539,900		10,267,125
Kasikornbank PCL (For. Reg.)	3,295,100		22,470,286
Thai Beverage PCL	23,593,000		12,571,745
TOTAL THAILAND			89,366,804
Turkey - 1.0%
Coca-Cola Icecek Sanayi A/S	645,327		13,031,580
TAV Havalimanlari Holding A/S	1,930,000		14,437,722
TOTAL TURKEY			27,469,302
United Arab Emirates - 1.0%
DP World Ltd.	620,039		12,183,766
First Gulf Bank PJSC	3,390,520		15,692,365
TOTAL UNITED ARAB EMIRATES			27,876,131
United Kingdom - 2.5%
Al Noor Hospitals Group PLC	909,957		12,444,841
British American Tobacco PLC (United Kingdom)	202,900		11,446,811
Diageo PLC	394,093		11,665,397
Intertek Group PLC	344,418		11,895,222
Johnson Matthey PLC	231,000		11,346,069
Prudential PLC	494,366		12,018,232
TOTAL UNITED KINGDOM			70,816,572
United States of America - 5.8%
A.O. Smith Corp.	212,700		12,636,507
Affiliated Managers Group, Inc. (a)	57,400		11,796,848
American Tower Corp.	119,900		11,624,305
Ball Corp.	178,600		11,310,738
China Biologic Products, Inc. (a)	173,400		11,815,476
Ecolab, Inc.	117,000		12,141,090
Google, Inc. Class C (a)	25,180		13,459,214

	Shares		Value
International Flavors & Fragrances, Inc.	112,000		$ 11,884,320
Kansas City Southern	101,606		11,185,805
Las Vegas Sands Corp.	213,800		11,624,306
MasterCard, Inc. Class A	143,500		11,771,305
Moody's Corp.	124,700		11,388,851
PPG Industries, Inc.	56,000		12,481,280
Visa, Inc. Class A	47,700		12,159,207
TOTAL UNITED STATES OF AMERICA			167,279,252
TOTAL COMMON STOCKS (Cost $2,416,964,118)		2,727,549,234
Nonconvertible Preferred Stocks - 3.3%

Brazil - 2.4%
Ambev SA sponsored ADR	5,290,670		34,812,609
Itau Unibanco Holding SA sponsored ADR	2,865,138		34,725,473
TOTAL BRAZIL			69,538,082
Colombia - 0.5%
Grupo Aval Acciones y Valores SA	24,060,645		12,671,282
Germany - 0.4%
Henkel AG & Co. KGaA	101,400		11,641,531
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $110,825,169)		93,850,895
Money Market Funds - 1.6%

Fidelity Cash Central Fund, 0.13% (b)	26,521,236		26,521,236
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	19,346,410		19,346,410
TOTAL MONEY MARKET FUNDS (Cost $45,867,646)		45,867,646

TOTAL INVESTMENT PORTFOLIO - 100.2%

(Cost $2,573,656,933)

2,867,267,775

NET OTHER ASSETS (LIABILITIES) - (0.2)%			(6,354,261)
NET ASSETS - 100%		$ 2,860,913,514

Legend

(a) Non-income producing

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

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $9,571,680 or 0.3% of net assets.

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 Cash Central Fund	$ 13,933
Fidelity Securities Lending Cash Central Fund	192,705
Total	$ 206,638

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 499,328,865	$ 114,614,481	$ 384,714,384	$ -
Consumer Staples	220,474,539	134,312,795	86,161,744	-
Energy	44,014,898	44,014,898	-	-
Financials	680,852,741	263,836,512	417,016,229	-
Health Care	204,402,344	61,949,280	142,453,064	-
Industrials	361,010,616	184,328,559	176,682,057	-
Information Technology	576,223,221	155,641,120	420,582,101	-
Materials	148,360,297	87,143,227	61,217,070	-
Telecommunication Services	62,889,560	13,926,209	48,963,351	-
Utilities	23,843,048	-	23,843,048	-
Money Market Funds	45,867,646	45,867,646	-	-
Total Investments in Securities:	$ 2,867,267,775	$ 1,105,634,727	$ 1,761,633,048	$ -

Transfers	Total
Level 1 to Level 2	$ 458,627,137
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $2,581,870,851. Net unrealized appreciation aggregated $285,396,924 of which $432,274,154 related to appreciated investment securities and $146,877,230 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Europe Fund

January 31, 2015

1.813067.110

EUR-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.5%
	Shares		Value
Austria - 2.2%
Andritz AG	275,800		$ 14,959,392
Erste Group Bank AG	566,700		12,311,133
TOTAL AUSTRIA			27,270,525
Bailiwick of Jersey - 2.6%
Shire PLC	446,500		32,589,082
Belgium - 2.1%
Arseus NV	235,257		9,615,448
KBC Groupe SA (a)	301,761		16,270,335
TOTAL BELGIUM			25,885,783
Canada - 0.9%
Suncor Energy, Inc.	372,000		11,095,302
Denmark - 4.4%
Carlsberg A/S Series B	150,800		11,107,011
DSV de Sammensluttede Vognmaend A/S	430,000		13,569,633
Novo Nordisk A/S Series B	508,700		22,673,119
William Demant Holding A/S (a)	91,200		6,923,602
TOTAL DENMARK			54,273,365
Finland - 4.6%
Amer Group PLC (A Shares)	315,100		6,010,343
Huhtamaki Oyj	462,300		12,689,072
Kesko Oyj	315,800		11,551,364
Sampo Oyj (A Shares)	215,700		10,461,364
Tikkurila Oyj	140,200		2,534,816
Valmet Corp.	1,116,500		14,382,753
TOTAL FINLAND			57,629,712
France - 9.3%
Atos Origin SA	110,343		8,177,012
bioMerieux SA	202,300		22,089,521
Bollore Group (d)	1,310,000		5,653,266
Christian Dior SA	106,595		18,489,436
GDF Suez	716,750		15,975,820
Kering SA (d)	41,700		8,453,507
Publicis Groupe SA	230,446		17,298,636
Rexel SA	692,000		12,980,536
Safran SA	95,700		6,400,866
TOTAL FRANCE			115,518,600
Germany - 10.6%
adidas AG	113,000		7,813,351
Bayer AG	212,400		30,733,537
Brenntag AG	262,100		14,311,079
CompuGroup Medical AG	259,600		6,720,603
Continental AG	83,500		18,937,049
Deutsche Annington Immobilien SE	101,700		3,539,567
Deutsche Wohnen AG (Bearer)	426,889		11,114,141
Fresenius SE & Co. KGaA	359,900		20,643,432

	Shares		Value
GEA Group AG	337,429		$ 15,345,208
MLP AG	802,104		3,190,449
TOTAL GERMANY			132,348,416
Ireland - 3.3%
Actavis PLC (a)	33,000		8,795,820
DCC PLC (United Kingdom)	149,700		7,954,869
Greencore Group PLC	1,417,530		6,580,328
Ryanair Holdings PLC sponsored ADR	140,900		9,296,582
United Drug PLC (United Kingdom)	1,388,741		8,176,540
TOTAL IRELAND			40,804,139
Italy - 2.2%
Amplifon SpA (d)	2,188,000		13,103,932
World Duty Free SpA (a)(d)	1,326,815		14,648,170
TOTAL ITALY			27,752,102
Luxembourg - 0.4%
GAGFAH SA (a)	239,500		5,336,922
Netherlands - 3.5%
ING Groep NV (Certificaten Van Aandelen) (a)	1,643,700		20,435,156
Reed Elsevier NV	613,089		14,989,149
Royal DSM NV	140,300		7,486,212
TOTAL NETHERLANDS			42,910,517
Norway - 0.9%
Telenor ASA	522,800		11,253,270
Portugal - 0.7%
CTT Correios de Portugal SA	757,700		8,005,479
Spain - 2.7%
Amadeus IT Holding SA Class A	458,100		18,423,270
Red Electrica Corporacion SA	173,000		14,771,224
TOTAL SPAIN			33,194,494
Sweden - 12.5%
Elekta AB (B Shares) (d)	1,328,802		14,260,910
Getinge AB (B Shares)	809,100		19,977,657
H&M Hennes & Mauritz AB (B Shares)	490,114		20,198,796
Hemfosa Fastigheter AB (a)	650,500		13,993,981
Indutrade AB	304,400		12,412,627
Kungsleden AB	1,796,500		13,787,164
Lundbergfoeretagen AB	4,900		214,733
Nordea Bank AB	1,417,400		18,038,266
SKF AB (B Shares)	699,400		16,525,187
Svenska Cellulosa AB (SCA) (B Shares)	568,200		13,747,993
Svenska Handelsbanken AB (A Shares)	269,100		12,774,949
TOTAL SWEDEN			155,932,263
Switzerland - 6.9%
Julius Baer Group Ltd.	335,990		13,758,684
Roche Holding AG (participation certificate)	155,404		41,884,085
Sonova Holding AG Class B	55,969		7,381,666
Common Stocks - continued
	Shares		Value
Switzerland - continued
Syngenta AG (Switzerland)	19,696		$ 6,415,654
Zurich Insurance Group AG	49,338		16,410,178
TOTAL SWITZERLAND			85,850,267
United Kingdom - 24.7%
Aberdeen Asset Management PLC	1,907,757		12,577,150
Babcock International Group PLC	915,800		13,876,542
BG Group PLC	852,400		11,369,197
British American Tobacco PLC (United Kingdom)	614,400		34,662,004
British Land Co. PLC	1,047,800		13,091,139
Bunzl PLC	564,623		16,132,755
Compass Group PLC	820,517		14,224,780
Dechra Pharmaceuticals PLC	515,500		6,716,259
Diageo PLC	814,495		24,109,556
ITV PLC	3,571,900		11,835,991
Land Securities Group PLC	646,582		12,407,254
Lloyds Banking Group PLC (a)	20,082,700		22,247,909
London Stock Exchange Group PLC	369,600		13,165,755
Next PLC	94,200		10,265,310
Prudential PLC	994,030		24,165,260
Rolls-Royce Group PLC	1,413,201		18,976,142
Royal & Sun Alliance Insurance Group PLC (a)	1,269,065		8,683,789
Schroders PLC	195,100		8,516,052
St. James's Place Capital PLC	565,900		7,313,237
Standard Chartered PLC (United Kingdom)	1,737,614		23,232,833
TOTAL UNITED KINGDOM			307,568,914
TOTAL COMMON STOCKS (Cost $1,090,969,976)		1,175,219,152
Nonconvertible Preferred Stocks - 1.7%

Germany - 1.7%
Volkswagen AG	93,600		20,973,794

	Shares		Value
United Kingdom - 0.0%
Rolls-Royce Group PLC (C Shares)	396,661,293		$ 597,451
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $20,282,816)		21,571,245
Money Market Funds - 4.9%

Fidelity Cash Central Fund, 0.13% (b)	38,982,710		38,982,710
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	21,519,172		21,519,172
TOTAL MONEY MARKET FUNDS (Cost $60,501,882)		60,501,882
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $1,171,754,674)			1,257,292,279
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(13,280,889)
NET ASSETS - 100%		$ 1,244,011,390

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 11,771
Fidelity Securities Lending Cash Central Fund	181,213
Total	$ 192,984

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 184,138,312	$ 169,149,163	$ 14,989,149	$ -
Consumer Staples	101,758,256	42,986,696	58,771,560	-
Energy	22,464,499	11,095,302	11,369,197	-
Financials	317,037,400	250,189,075	66,848,325	-
Health Care	272,285,213	175,138,927	97,146,286	-
Industrials	201,380,367	201,380,367	-	-
Information Technology	26,600,282	26,600,282	-	-
Materials	29,125,754	22,710,100	6,415,654	-
Telecommunication Services	11,253,270	11,253,270	-	-
Utilities	30,747,044	30,747,044	-	-
Money Market Funds	60,501,882	60,501,882	-	-
Total Investments in Securities:	$ 1,257,292,279	$ 1,001,752,108	$ 255,540,171	$ -

Transfers	Total
Level 1 to Level 2	$ 14,109,691
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $1,174,367,909. Net unrealized appreciation aggregated $82,924,370, of which $142,083,687 related to appreciated investment securities and $59,159,317 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Global Commodity Stock Fund

January 31, 2015

1.879386.105

GCS-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%
	Shares		Value
CHEMICALS - 30.7%
Diversified Chemicals - 0.2%
Eastman Chemical Co.	5,500		$ 389,895
FMC Corp.	5,300		304,750
			694,645
Fertilizers & Agricultural Chemicals - 30.5%
Agrium, Inc.	101,000		10,775,612
CF Industries Holdings, Inc.	34,272		10,465,983
China BlueChemical Ltd. (H Shares)	966,000		335,813
Intrepid Potash, Inc. (a)(d)	221,500		2,948,165
K&S AG	62,200		1,968,008
Monsanto Co.	202,200		23,855,555
Potash Corp. of Saskatchewan, Inc. (d)	408,000		14,853,293
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR (d)	90,600		2,161,716
Syngenta AG (Switzerland)	35,693		11,626,418
The Mosaic Co.	171,159		8,333,732
Uralkali OJSC GDR (Reg. S)	30,700		382,215
Yara International ASA	57,000		2,971,033
			90,677,543
TOTAL CHEMICALS			91,372,188
CONSTRUCTION & ENGINEERING - 0.1%
Construction & Engineering - 0.1%
Chiyoda Corp.	5,000		38,510
Jacobs Engineering Group, Inc. (a)	7,500		285,750
			324,260
CONSTRUCTION MATERIALS - 0.1%
Construction Materials - 0.1%
Eagle Materials, Inc.	2,600		185,172
West China Cement Ltd.	1,576,000		176,084
			361,256
CONTAINERS & PACKAGING - 0.6%
Paper Packaging - 0.6%
Rock-Tenn Co. Class A	29,400		1,908,060
ELECTRICAL EQUIPMENT - 0.4%
Electrical Components & Equipment - 0.1%
OSRAM Licht AG	7,799		360,270
Common Stocks - continued
	Shares		Value
ELECTRICAL EQUIPMENT - CONTINUED
Heavy Electrical Equipment - 0.3%
Vestas Wind Systems A/S (a)	18,200		$ 714,473
TOTAL ELECTRICAL EQUIPMENT			1,074,743
ENERGY EQUIPMENT & SERVICES - 1.1%
Oil & Gas Drilling - 0.2%
Ocean Rig UDW, Inc. (United States)	21,947		179,307
Odfjell Drilling A/S	142,532		165,668
Vantage Drilling Co. (a)	705,782		275,255
			620,230
Oil & Gas Equipment & Services - 0.9%
Dril-Quip, Inc. (a)	5,326		395,349
Ezion Holdings Ltd.	321,000		300,957
Halliburton Co.	27,000		1,079,730
National Oilwell Varco, Inc.	2,800		152,404
SBM Offshore NV (a)(d)	62,800		687,428
			2,615,868
TOTAL ENERGY EQUIPMENT & SERVICES			3,236,098
FOOD & STAPLES RETAILING - 0.2%
Food Distributors - 0.2%
Andersons, Inc.	13,200		593,736
FOOD PRODUCTS - 5.5%
Agricultural Products - 5.5%
Archer Daniels Midland Co.	183,700		8,565,931
Bunge Ltd.	55,100		4,933,103
China Agri-Industries Holdings Ltd.	930,300		375,761
First Resources Ltd.	1,037,300		1,424,762
Golden Agri-Resources Ltd.	2,532,000		785,436
SLC Agricola SA	53,100		282,989
			16,367,982
HOUSEHOLD PRODUCTS - 0.2%
Household Products - 0.2%
Svenska Cellulosa AB (SCA) (B Shares)	27,100		655,703
INDEPENDENT POWER PRODUCERS & RENEWABLE ELECTRICITY PRODUCERS - 0.2%
Independent Power Producers & Energy Traders - 0.2%
Dynegy, Inc. (a)	26,300		718,516
Common Stocks - continued
	Shares		Value
MACHINERY - 1.7%
Agricultural & Farm Machinery - 1.4%
AGCO Corp.	19,800		$ 858,132
Deere & Co.	38,400		3,271,296
			4,129,428
Construction Machinery & Heavy Trucks - 0.3%
Caterpillar, Inc.	3,800		303,886
Cummins, Inc.	3,100		432,326
Manitowoc Co., Inc.	12,000		224,400
			960,612
TOTAL MACHINERY			5,090,040
METALS & MINING - 27.4%
Aluminum - 0.5%
Alcoa, Inc.	83,900		1,313,035
Norsk Hydro ASA	49,500		292,160
			1,605,195
Diversified Metals & Mining - 15.9%
Anglo American PLC (United Kingdom)	237,851		3,972,972
BHP Billiton PLC	766,764		16,654,520
First Quantum Minerals Ltd.	195,024		1,778,806
Freeport-McMoRan, Inc.	200,500		3,370,405
Glencore Xstrata PLC	1,465,749		5,494,993
Grupo Mexico SA de CV Series B	485,211		1,281,531
Ivanhoe Mines Ltd. (a)	709,500		424,349
Ivanhoe Mines Ltd. Class A warrants 12/10/15 (a)(e)	422,500		9,975
Norilsk Nickel OJSC sponsored ADR	78,100		1,323,795
Rio Tinto PLC	257,187		11,301,562
Sesa Sterlite Ltd.	200,897		651,197
Sumitomo Metal Mining Co. Ltd.	6,000		85,752
Teck Resources Ltd. Class B (sub. vtg.)	74,800		968,332
			47,318,189
Gold - 6.4%
Agnico Eagle Mines Ltd. (Canada)	31,300		1,055,239
AngloGold Ashanti Ltd. sponsored ADR (a)	49,300		610,334
Argonaut Gold, Inc. (a)	166,800		325,540
B2Gold Corp. (a)	1,255,180		2,469,466
Barrick Gold Corp.	129,000		1,649,681
Compania de Minas Buenaventura SA sponsored ADR	30,700		350,594
Continental Gold Ltd. (a)	169,500		282,789
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Gold - continued
Detour Gold Corp. (a)	30,300		$ 309,987
Eldorado Gold Corp.	155,550		746,718
Franco-Nevada Corp.	22,900		1,321,521
Gold Fields Ltd. sponsored ADR	88,200		520,380
Goldcorp, Inc.	123,610		2,985,434
New Gold, Inc. (a)	104,000		455,875
Newcrest Mining Ltd. (a)	108,024		1,166,386
Newmont Mining Corp.	74,500		1,873,675
Premier Gold Mines Ltd. (a)	351,600		567,231
Randgold Resources Ltd. sponsored ADR	15,000		1,278,900
Romarco Minerals, Inc. (a)(f)	1,080,000		484,457
Royal Gold, Inc.	2,100		152,166
Torex Gold Resources, Inc. (a)	280,500		320,079
			18,926,452
Precious Metals & Minerals - 0.4%
Aquarius Platinum Ltd. (United Kingdom) (a)	1,288,500		281,407
Fresnillo PLC	33,700		456,323
Impala Platinum Holdings Ltd. (a)	44,000		285,477
			1,023,207
Silver - 0.5%
Silver Wheaton Corp.	53,300		1,224,386
Tahoe Resources, Inc.	21,053		287,290
			1,511,676
Steel - 3.7%
ArcelorMittal SA Class A unit (d)	159,700		1,539,508
Fortescue Metals Group Ltd. (d)	228,996		415,237
Hyundai Steel Co.	8,527		507,506
JFE Holdings, Inc.	43,300		953,785
Nippon Steel & Sumitomo Metal Corp.	994,000		2,323,271
Nucor Corp.	27,800		1,213,470
POSCO	10,552		2,431,614
Steel Dynamics, Inc.	60,900		1,037,736
Tata Steel Ltd.	53,717		337,686
Thyssenkrupp AG	12,000		313,100
			11,072,913
TOTAL METALS & MINING			81,457,632
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - 26.8%
Coal & Consumable Fuels - 0.9%
China Shenhua Energy Co. Ltd. (H Shares)	99,000		$ 271,759
Cloud Peak Energy, Inc. (a)	43,900		298,081
CONSOL Energy, Inc.	12,300		356,085
Peabody Energy Corp. (d)	297,198		1,851,544
			2,777,469
Integrated Oil & Gas - 12.7%
BG Group PLC	257,950		3,440,503
BP PLC	530,700		3,409,232
Cenovus Energy, Inc.	18,800		356,116
Chevron Corp.	87,300		8,950,869
Exxon Mobil Corp.	37,061		3,239,873
Gazprom OAO sponsored ADR	131,100		549,965
Hess Corp.	12,700		857,123
Imperial Oil Ltd.	11,800		438,681
LUKOIL Oil Co. sponsored ADR (United Kingdom)	7,400		291,560
Occidental Petroleum Corp.	29,600		2,368,000
PetroChina Co. Ltd. (H Shares)	824,000		894,783
Statoil ASA	21,000		351,672
Suncor Energy, Inc.	222,532		6,637,257
Total SA	101,600		5,215,190
YPF SA Class D sponsored ADR	37,900		888,755
			37,889,579
Oil & Gas Exploration & Production - 12.9%
Anadarko Petroleum Corp.	81,100		6,629,925
Apache Corp.	36,800		2,302,576
ARC Resources Ltd.	16,800		304,084
Bonanza Creek Energy, Inc. (a)	13,000		339,040
Cabot Oil & Gas Corp.	104,300		2,763,950
Cairn Energy PLC (a)	124,399		359,750
Canadian Natural Resources Ltd.	34,700		1,006,019
Chesapeake Energy Corp.	32,200		617,596
Cimarex Energy Co.	22,500		2,322,000
Cobalt International Energy, Inc. (a)	81,100		739,632
Concho Resources, Inc. (a)	6,400		709,440
ConocoPhillips Co.	58,200		3,665,436
Continental Resources, Inc. (a)	7,800		354,120
Denbury Resources, Inc.	46,200		318,780
Devon Energy Corp.	18,400		1,108,968
Diamondback Energy, Inc. (a)	6,600		455,334
Encana Corp.	34,700		424,363
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Energen Corp.	6,000		$ 380,520
EOG Resources, Inc.	57,500		5,119,225
EQT Corp.	8,300		617,852
Kosmos Energy Ltd. (a)	73,100		641,087
Marathon Oil Corp.	30,800		819,280
Murphy Oil Corp.	9,200		413,172
Noble Energy, Inc.	45,900		2,191,266
NOVATEK OAO GDR (Reg. S)	3,900		273,000
Pioneer Natural Resources Co.	4,360		656,311
QEP Resources, Inc.	14,900		301,278
Range Resources Corp.	8,400		388,668
SM Energy Co.	17,900		676,978
Southwestern Energy Co. (a)	17,400		431,346
Tullow Oil PLC	110,400		606,938
Whiting Petroleum Corp. (a)	10,200		306,204
			38,244,138
Oil & Gas Refining & Marketing - 0.1%
Valero Energy Corp.	7,700		407,176
Oil & Gas Storage & Transport - 0.2%
Golar LNG Ltd.	10,069		285,557
Petronet LNG Ltd. (a)	56,889		164,825
			450,382
TOTAL OIL, GAS & CONSUMABLE FUELS			79,768,744
PAPER & FOREST PRODUCTS - 3.5%
Paper Products - 3.5%
Domtar Corp.	7,900		302,570
Empresas CMPC SA	481,880		1,208,541
International Paper Co.	129,000		6,793,140
Stora Enso Oyj (R Shares)	93,800		912,608
UPM-Kymmene Corp.	62,300		1,097,520
			10,314,379
TRADING COMPANIES & DISTRIBUTORS - 0.2%
Trading Companies & Distributors - 0.2%
Noble Group Ltd.	614,700		480,846
TOTAL COMMON STOCKS (Cost $370,968,497)		293,724,183
Nonconvertible Preferred Stocks - 1.2%
	Shares		Value
METALS & MINING - 1.1%
Steel - 1.1%
Gerdau SA sponsored ADR (d)	140,100		$ 483,345
Vale SA (PN-A) sponsored ADR	448,700		2,808,862
			3,292,207
OIL, GAS & CONSUMABLE FUELS - 0.1%
Integrated Oil & Gas - 0.1%
Petroleo Brasileiro SA - Petrobras (PN) sponsored (non-vtg.)	41,000		252,150
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $10,912,039)		3,544,357
Money Market Funds - 2.2%

Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c) (Cost $6,709,106)	6,709,106		6,709,106
TOTAL INVESTMENT PORTFOLIO - 102.1% (Cost $388,589,642)			303,977,646
NET OTHER ASSETS (LIABILITIES) - (2.1)%			(6,387,534)
NET ASSETS - 100%		$ 297,590,112

Legend

(a) Non-income producing

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

(f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

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 Cash Central Fund	$ 177
Fidelity Securities Lending Cash Central Fund	22,714
Total	$ 22,891

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Common Stocks	$ 293,724,183	$ 223,344,667	$ 70,379,516	$ -
Nonconvertible Preferred Stocks	3,544,357	3,544,357	-	-
Money Market Funds	6,709,106	6,709,106	-	-
Total Investments in Securities:	$ 303,977,646	$ 233,598,130	$ 70,379,516	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $393,496,432. Net unrealized depreciation aggregated $89,518,786, of which $15,124,526 related to appreciated investment securities and $104,643,312 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Global Equity Income Fund

January 31, 2015

1.938168.102

GED-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.1%
	Shares		Value
Australia - 0.4%
Woodside Petroleum Ltd.	8,396		$ 222,989
Bailiwick of Jersey - 1.8%
Shire PLC	14,400		1,051,025
Canada - 3.7%
Constellation Software, Inc.	500		138,542
Corus Entertainment, Inc. Class B (non-vtg.) (e)	13,600		230,859
Fairfax Financial Holdings Ltd. (sub. vtg.)	641		340,501
Potash Corp. of Saskatchewan, Inc. (e)	20,200		735,384
PrairieSky Royalty Ltd.	5,200		112,004
Suncor Energy, Inc.	19,300		575,643
TOTAL CANADA			2,132,933
Cayman Islands - 1.1%
Shenzhou International Group Holdings Ltd.	39,000		141,708
SITC International Holdings Co. Ltd.	785,000		433,130
Sitoy Group Holdings Ltd.	95,000		62,701
TOTAL CAYMAN ISLANDS			637,539
Chile - 0.3%
Quinenco SA	88,781		182,164
China - 0.6%
Daqin Railway Co. Ltd. (A Shares)	160,900		271,487
Kweichow Moutai Co. Ltd.	2,896		81,523
TOTAL CHINA			353,010
Denmark - 0.6%
Spar Nord Bank A/S	14,100		127,406
Vestas Wind Systems A/S (a)	5,700		223,764
TOTAL DENMARK			351,170
France - 1.9%
Renault SA	4,500		346,848
Sanofi SA	8,141		750,111
TOTAL FRANCE			1,096,959
Germany - 2.8%
AURELIUS AG	6,199		248,603
Gerry Weber International AG (Bearer)	9,500		367,727
Muenchener Rueckversicherungs AG	1,200		241,368
Common Stocks - continued
	Shares		Value
Germany - continued
OSRAM Licht AG	9,655		$ 446,007
Siemens AG	3,239		342,158
TOTAL GERMANY			1,645,863
Greece - 0.2%
Greek Organization of Football Prognostics SA	13,400		113,565
Hong Kong - 1.2%
HKT Trust/HKT Ltd. unit	214,600		280,556
Techtronic Industries Co. Ltd.	129,500		422,917
TOTAL HONG KONG			703,473
Ireland - 3.5%
Accenture PLC Class A	7,440		625,183
C&C Group PLC	66,200		259,577
Greencore Group PLC	74,186		344,379
Medtronic PLC	11,300		806,820
TOTAL IRELAND			2,035,959
Israel - 2.4%
Bezeq The Israel Telecommunication Corp. Ltd.	251,000		400,941
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.	4,496		177,944
Teva Pharmaceutical Industries Ltd. sponsored ADR	14,650		832,999
TOTAL ISRAEL			1,411,884
Italy - 0.1%
Astaldi SpA (e)	6,905		43,929
Japan - 9.6%
Astellas Pharma, Inc.	56,100		866,485
Broadleaf Co. Ltd.	3,000		46,303
Daiichikosho Co. Ltd.	10,400		301,180
Fukuda Denshi Co. Ltd.	2,700		134,054
Hoya Corp.	20,000		775,052
Japan Tobacco, Inc.	25,600		697,258
KDDI Corp.	6,000		423,534
Leopalace21 Corp. (a)	34,700		224,520
Mitsubishi Electric Corp.	22,000		254,446
NEC Corp.	109,000		307,887
Nippon Telegraph & Telephone Corp.	6,000		355,121
Suzuki Motor Corp.	6,500		205,531
Tsuruha Holdings, Inc.	7,100		477,091
Common Stocks - continued
	Shares		Value
Japan - continued
United Arrows Ltd.	12,700		$ 360,975
Workman Co. Ltd.	2,500		122,853
TOTAL JAPAN			5,552,290
Korea (South) - 1.6%
Coway Co. Ltd.	1,493		118,695
Samsung Electronics Co. Ltd.	655		806,625
TOTAL KOREA (SOUTH)			925,320
Luxembourg - 0.9%
Altice SA	5,800		485,651
Norway - 0.5%
Gjensidige Forsikring ASA	17,400		293,908
Singapore - 0.7%
United Overseas Bank Ltd.	23,819		407,323
South Africa - 1.9%
Lewis Group Ltd.	94,400		735,669
Reunert Ltd.	70,300		377,290
TOTAL SOUTH AFRICA			1,112,959
Spain - 0.5%
Atresmedia Corporacion de Medios de Comunicacion SA	18,315		269,461
Sweden - 2.9%
Meda AB (A Shares)	21,010		296,327
Nordea Bank AB	65,200		829,755
Svenska Handelsbanken AB (A Shares)	11,580		549,736
TOTAL SWEDEN			1,675,818
Switzerland - 3.7%
Banque Cantonale Vaudoise (Bearer)	580		338,891
Roche Holding AG (participation certificate)	3,467		934,417
TE Connectivity Ltd.	7,000		464,730
UBS Group AG	24,626		412,758
TOTAL SWITZERLAND			2,150,796
Taiwan - 1.4%
ECLAT Textile Co. Ltd.	31,000		318,612
King's Town Bank	120,000		125,733
MediaTek, Inc.	12,000		181,149
Vanguard International Semiconductor Corp.	120,000		201,797
TOTAL TAIWAN			827,291
Common Stocks - continued
	Shares		Value
United Kingdom - 8.3%
British American Tobacco PLC (United Kingdom)	10,700		$ 603,651
GlaxoSmithKline PLC	35,700		786,068
Hilton Food Group PLC	56,200		332,668
Indivior PLC (a)	4,130		10,824
ITV PLC	121,300		401,945
Lloyds Banking Group PLC (a)	376,400		416,981
Reckitt Benckiser Group PLC	4,130		349,542
Standard Chartered PLC (United Kingdom)	14,398		192,509
Tesco PLC	115,935		392,053
Vodafone Group PLC	216,300		760,614
WH Smith PLC	28,852		586,668
TOTAL UNITED KINGDOM			4,833,523
United States of America - 42.5%
American Tower Corp.	5,560		539,042
Amgen, Inc.	6,620		1,007,961
Apple, Inc.	10,850		1,271,191
ARAMARK Holdings Corp.	11,204		350,909
Bank of America Corp.	51,780		784,467
Capital One Financial Corp.	8,530		624,481
Chevron Corp.	7,465		765,386
CMS Energy Corp.	7,900		298,067
Comcast Corp. Class A	7,600		403,902
Community Trust Bancorp, Inc.	7,898		249,419
CVB Financial Corp.	22,310		325,949
CVS Health Corp.	7,800		765,648
Danaher Corp.	4,100		337,758
Darden Restaurants, Inc.	4,920		301,990
Deere & Co.	3,700		315,203
Dr. Pepper Snapple Group, Inc.	4,241		327,702
Dun & Bradstreet Corp.	1,750		201,443
E.I. du Pont de Nemours & Co.	5,100		363,171
Exxon Mobil Corp.	13,030		1,139,083
FedEx Corp.	2,981		504,117
General Electric Co.	22,900		547,081
H&R Block, Inc.	11,310		387,707
IBM Corp.	4,970		761,951
Johnson & Johnson	9,900		991,386
JPMorgan Chase & Co.	18,130		985,909
Kellogg Co.	4,800		314,784
Lakeland Financial Corp.	7,688		290,145
Lorillard, Inc.	4,400		288,684
Common Stocks - continued
	Shares		Value
United States of America - continued
McDonald's Corp.	5,200		$ 480,688
McGraw Hill Financial, Inc.	4,340		388,170
Microsoft Corp.	16,564		669,186
MPLX LP	3,890		309,411
NiSource, Inc.	14,000		605,640
Oracle Corp.	26,626		1,115,363
PepsiCo, Inc.	5,000		468,900
Procter & Gamble Co.	10,100		851,329
SunTrust Banks, Inc.	9,600		368,832
Target Corp.	8,400		618,324
The Coca-Cola Co.	19,300		794,581
Time Warner Cable, Inc.	2,280		310,376
U.S. Bancorp	11,880		497,891
United Technologies Corp.	4,420		507,328
VF Corp.	5,320		369,048
Wells Fargo & Co.	17,157		890,791
TOTAL UNITED STATES OF AMERICA			24,690,394
TOTAL COMMON STOCKS (Cost $50,894,882)		55,207,196

Nonconvertible Bonds - 0.0%
		Principal Amount (d)
Canada - 0.0%
Constellation Software, Inc. 7.4% 3/31/40 (f) (Cost $2,060)	CAD	2,400	2,266

Money Market Funds - 5.3%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	2,844,815		$ 2,844,815
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	267,700		267,700
TOTAL MONEY MARKET FUNDS (Cost $3,112,515)		3,112,515
TOTAL INVESTMENT PORTFOLIO - 100.4% (Cost $54,009,457)			58,321,977
NET OTHER ASSETS (LIABILITIES) - (0.4)%			(251,099)
NET ASSETS - 100%		$ 58,070,878

Currency Abbreviations
CAD	-	Canadian dollar

Legend

(a) Non-income producing

(d) Amount is stated in United States dollars unless otherwise noted.

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

(f) Coupon rates for floating and adjustable rate securities reflect the rates in effect 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 Cash Central Fund	$ 1,115
Fidelity Securities Lending Cash Central Fund	2,558
Total	$ 3,673

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 9,513,767	$ 6,025,668	$ 3,488,099	$ -
Consumer Staples	6,830,056	4,926,196	1,903,860	-
Energy	3,124,516	2,901,527	222,989	-
Financials	10,695,088	9,520,531	1,174,557	-
Health Care	8,468,477	3,946,317	4,522,160	-
Industrials	4,987,305	3,308,794	1,678,511	-
Information Technology	7,364,959	5,046,146	2,318,813	-
Materials	1,098,555	1,098,555	-	-
Telecommunication Services	2,220,766	400,941	1,819,825	-
Utilities	903,707	903,707	-	-
Corporate Bonds	2,266	-	2,266	-
Money Market Funds	3,112,515	3,112,515	-	-
Total Investments in Securities:	$ 58,321,977	$ 41,190,897	$ 17,131,080	$ -

Transfers	Total
Level 1 to Level 2	$ 1,550,130
Level 2 to Level 1	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $54,098,444. Net unrealized appreciation aggregated $4,223,533, of which $6,258,514 related to appreciated investment securities and $2,034,981 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Capital Appreciation Fund

January 31, 2015

1.813010.110

IVF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.0%
	Shares		Value
Australia - 4.4%
Amcor Ltd.	541,311		$ 5,349,899
Brambles Ltd.	617,913		5,062,310
Carsales.com Ltd.	549,509		4,375,639
CSL Ltd.	96,539		6,569,822
DuluxGroup Ltd.	954,674		4,422,199
Flight Centre Travel Group Ltd.	170,562		4,978,917
Ramsay Health Care Ltd.	88,110		4,054,717
realestate.com.au Ltd.	132,663		5,074,625
SEEK Ltd.	374,503		5,154,097
Sydney Airport unit	1,240,068		4,791,897
Transurban Group unit	725,802		5,190,651
TOTAL AUSTRALIA			55,024,773
Bailiwick of Jersey - 2.0%
Experian PLC	328,768		5,808,583
Shire PLC	104,300		7,612,634
Wolseley PLC	91,239		5,307,322
WPP PLC	299,700		6,590,573
TOTAL BAILIWICK OF JERSEY			25,319,112
Belgium - 0.9%
Anheuser-Busch InBev SA NV	88,589		10,804,861
Bermuda - 1.2%
Credicorp Ltd. (United States)	33,760		4,865,491
Invesco Ltd.	137,072		5,034,655
Signet Jewelers Ltd.	40,900		4,953,399
TOTAL BERMUDA			14,853,545
Brazil - 1.6%
BB Seguridade Participacoes SA	476,200		5,217,658
CCR SA	897,700		5,112,031
Cielo SA	366,100		5,457,561
Qualicorp SA (a)	427,000		4,225,044
TOTAL BRAZIL			20,012,294
Canada - 3.7%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	136,200		5,336,742
Canadian National Railway Co.	129,200		8,512,335
Canadian Pacific Railway Ltd.	40,807		7,112,242
CI Financial Corp.	190,200		4,849,673
Constellation Software, Inc.	15,400		4,267,086
Jean Coutu Group, Inc. Class A (sub. vtg.) (d)	207,000		4,152,381
Stantec, Inc.	203,500		5,004,623
Valeant Pharmaceuticals International (Canada) (a)	48,100		7,690,625
TOTAL CANADA			46,925,707
Cayman Islands - 2.1%
Baidu.com, Inc. sponsored ADR (a)	22,600		4,924,992
Bitauto Holdings Ltd. ADR (a)	75,900		4,540,338

	Shares		Value
Sands China Ltd.	1,201,600		$ 5,849,807
Tencent Holdings Ltd.	640,300		10,799,656
TOTAL CAYMAN ISLANDS			26,114,793
Denmark - 1.7%
Novo Nordisk A/S Series B sponsored ADR	247,520		11,029,491
Pandora A/S	80,800		5,800,308
Topdanmark A/S (a)	125,000		4,191,439
TOTAL DENMARK			21,021,238
Finland - 0.9%
Kone Oyj (B Shares) (d)	111,100		5,015,443
Sampo Oyj (A Shares)	135,800		6,586,246
TOTAL FINLAND			11,601,689
France - 3.9%
Air Liquide SA	56,391		7,136,845
Bureau Veritas SA	242,290		5,154,053
Christian Dior SA	30,649		5,316,222
Dassault Systemes SA	81,234		5,041,350
Ingenico SA	43,464		4,551,915
Publicis Groupe SA	71,507		5,367,737
Safran SA	86,200		5,765,461
Sodexo SA (d)	49,700		4,949,469
Zodiac Aerospace	156,180		5,200,966
TOTAL FRANCE			48,484,018
Germany - 4.6%
Axel Springer Verlag AG	77,630		4,786,984
Bayer AG	87,200		12,617,535
CTS Eventim AG	167,085		4,795,674
Deutsche Post AG	214,956		6,988,241
Fresenius SE & Co. KGaA	97,100		5,569,539
Henkel AG & Co. KGaA	59,089		6,059,429
Linde AG	35,100		6,738,744
ProSiebenSat.1 Media AG	123,060		5,470,534
United Internet AG	111,579		4,850,462
TOTAL GERMANY			57,877,142
Hong Kong - 1.1%
AIA Group Ltd.	1,588,800		9,222,888
Techtronic Industries Co. Ltd.	1,474,000		4,813,742
TOTAL HONG KONG			14,036,630
India - 4.9%
Amara Raja Batteries Ltd. (a)	331,977		4,598,628
Axis Bank Ltd. (a)	579,587		5,528,084
Exide Industries Ltd.	1,586,502		4,749,467
GlaxoSmithKline Consumer Healthcare Ltd.	28,559		2,588,160
Grasim Industries Ltd. sponsored GDR	88,891		5,536,131
HDFC Bank Ltd.	276,561		5,275,963
Housing Development Finance Corp. Ltd.	343,394		6,968,454
ICICI Bank Ltd. (a)	913,168		5,297,837
Common Stocks - continued
	Shares		Value
India - continued
ITC Ltd. (a)	963,652		$ 5,707,366
LIC Housing Finance Ltd.	610,056		4,696,344
Sun Pharmaceutical Industries Ltd. (a)	387,873		5,730,016
Titan Co. Ltd. (a)	733,665		5,268,761
TOTAL INDIA			61,945,211
Indonesia - 2.0%
PT ACE Hardware Indonesia Tbk	83,329,500		4,861,035
PT Bank Central Asia Tbk	5,096,400		5,351,014
PT Bank Rakyat Indonesia Tbk	5,926,700		5,422,817
PT Global Mediacom Tbk	37,453,200		5,462,817
PT Indocement Tunggal Prakarsa Tbk	2,444,500		4,406,194
TOTAL INDONESIA			25,503,877
Ireland - 3.2%
Actavis PLC (a)	18,365		4,895,007
Allegion PLC	86,700		4,682,667
Ingersoll-Rand PLC	73,800		4,900,320
James Hardie Industries PLC CDI	190,943		1,914,549
Jazz Pharmaceuticals PLC (a)	24,000		4,064,160
Kerry Group PLC Class A	71,400		5,181,398
Mallinckrodt PLC (a)	45,600		4,833,144
Medtronic PLC	67,400		4,812,360
Perrigo Co. PLC	32,978		5,004,082
TOTAL IRELAND			40,287,687
Israel - 1.0%
Check Point Software Technologies Ltd. (a)	57,500		4,437,275
Teva Pharmaceutical Industries Ltd. sponsored ADR	133,000		7,562,380
TOTAL ISRAEL			11,999,655
Italy - 0.4%
Recordati SpA	276,200		4,572,353
Japan - 6.1%
Astellas Pharma, Inc.	439,000		6,780,517
Daikin Industries Ltd.	82,960		5,772,854
Daito Trust Construction Co. Ltd.	44,500		4,953,508
Dentsu, Inc.	126,800		5,207,742
Hoya Corp.	159,000		6,161,663
Japan Tobacco, Inc.	245,500		6,686,599
Kansai Paint Co. Ltd.	328,000		5,732,880
Keyence Corp.	12,190		5,698,054
Misumi Group, Inc.	140,000		5,229,478
OBIC Co. Ltd.	153,900		5,162,539
Olympus Corp. (a)	144,100		4,983,562
OMRON Corp.	123,830		4,950,558
SK Kaken Co. Ltd.	60,870		4,679,261
SMC Corp.	18,200		4,880,638
TOTAL JAPAN			76,879,853

	Shares		Value
Kenya - 0.7%
Kenya Commercial Bank Ltd.	7,123,500		$ 4,546,915
Safaricom Ltd.	30,623,400		4,727,999
TOTAL KENYA			9,274,914
Korea (South) - 0.8%
Coway Co. Ltd.	60,266		4,791,220
NAVER Corp.	8,501		5,466,055
TOTAL KOREA (SOUTH)			10,257,275
Mexico - 1.9%
Grupo Aeroportuario del Pacifico SA de CV Series B	725,400		4,795,833
Grupo Aeroportuario del Sureste SA de CV Series B (a)	353,600		4,623,138
Grupo Aeroportuario Norte S.A.B. de CV	1,024,700		4,699,832
Grupo Televisa SA de CV (CPO) sponsored ADR	168,500		5,494,785
Megacable Holdings S.A.B. de CV unit (a)	1,319,600		4,818,153
TOTAL MEXICO			24,431,741
Netherlands - 0.9%
IMCD Group BV	147,466		4,682,488
Reed Elsevier NV	275,793		6,742,744
TOTAL NETHERLANDS			11,425,232
New Zealand - 0.3%
Ryman Healthcare Group Ltd.	704,218		4,226,919
Norway - 0.8%
Gjensidige Forsikring ASA	299,000		5,050,480
Schibsted ASA (B Shares)	71,190		4,607,230
TOTAL NORWAY			9,657,710
Philippines - 1.3%
GT Capital Holdings, Inc.	192,345		5,252,994
SM Investments Corp.	252,553		5,297,633
SM Prime Holdings, Inc.	13,364,900		5,604,582
TOTAL PHILIPPINES			16,155,209
Singapore - 0.4%
Jardine Cycle & Carriage Ltd.	161,800		5,050,127
South Africa - 3.2%
Aspen Pharmacare Holdings Ltd.	134,600		5,040,022
Discovery Ltd.	492,000		4,845,871
FirstRand Ltd.	1,174,900		5,228,748
Life Healthcare Group Holdings Ltd.	1,279,869		4,762,963
MTN Group Ltd.	364,800		6,299,627
Naspers Ltd. Class N	63,100		9,102,926
Sanlam Ltd.	852,900		5,112,065
TOTAL SOUTH AFRICA			40,392,222
Common Stocks - continued
	Shares		Value
Spain - 0.9%
Amadeus IT Holding SA Class A	147,100		$ 5,915,877
Grifols SA ADR	145,860		5,026,336
TOTAL SPAIN			10,942,213
Sweden - 1.7%
ASSA ABLOY AB (B Shares)	96,324		5,265,445
Atlas Copco AB (A Shares)	200,800		5,952,991
Hexagon AB (B Shares)	141,430		4,486,884
HEXPOL AB (B Shares)	50,500		5,074,902
TOTAL SWEDEN			20,780,222
Switzerland - 5.7%
Compagnie Financiere Richemont SA Series A	91,975		7,641,109
Geberit AG (Reg.)	15,430		5,296,816
Novartis AG sponsored ADR	203,700		19,840,376
Partners Group Holding AG	19,170		5,148,467
Roche Holding AG (participation certificate)	64,615		17,414,869
SGS SA (Reg.)	2,852		5,435,635
Sika AG (Bearer)	1,570		5,389,501
TE Connectivity Ltd.	75,400		5,005,806
TOTAL SWITZERLAND			71,172,579
Thailand - 0.9%
Airports of Thailand PCL (For. Reg.)	536,600		5,288,933
Kasikornbank PCL (For. Reg.)	822,900		5,611,605
TOTAL THAILAND			10,900,538
Turkey - 0.4%
TAV Havalimanlari Holding A/S	611,000		4,570,699
United Arab Emirates - 0.4%
First Gulf Bank PJSC	1,056,936		4,891,823
United Kingdom - 16.5%
Al Noor Hospitals Group PLC	364,300		4,982,275
Aon PLC	53,830		4,847,392
Ashtead Group PLC	351,360		5,757,897
Berkeley Group Holdings PLC	136,200		4,970,650
British American Tobacco PLC (United Kingdom)	206,567		11,653,688
Bunzl PLC	173,442		4,955,691
Burberry Group PLC	193,300		5,033,957
Capita Group PLC	344,900		5,807,880
Compass Group PLC	367,776		6,375,898
Diageo PLC sponsored ADR	81,764		9,658,781
Diploma PLC	424,059		4,831,899
Elementis PLC	1,151,700		4,794,685
Essentra PLC	403,400		5,043,089
Exova Group Ltd. PLC (a)	2,239,900		5,060,606
Halma PLC	460,300		4,828,861
Hargreaves Lansdown PLC	345,100		5,255,073
Howden Joinery Group PLC	757,590		4,848,458
Imperial Tobacco Group PLC	164,661		7,747,907

	Shares		Value
InterContinental Hotel Group PLC	120,700		$ 4,813,238
Intertek Group PLC	156,850		5,417,155
ITV PLC	1,487,146		4,927,867
Johnson Matthey PLC	108,494		5,328,920
Legal & General Group PLC	1,550,398		6,256,026
London Stock Exchange Group PLC	145,454		5,181,309
Meggitt PLC	623,400		5,061,022
Melrose PLC	1,292,400		5,158,524
Persimmon PLC	217,200		5,208,175
Prudential PLC	380,362		9,246,750
Reckitt Benckiser Group PLC	90,730		7,678,920
Rightmove PLC	143,454		5,025,798
Schroders PLC	114,404		4,993,698
Spire Healthcare Group PLC	1,035,195		5,005,066
St. James's Place Capital PLC	372,076		4,808,411
Standard Life PLC	974,267		5,913,787
The Restaurant Group PLC	469,385		5,086,776
Whitbread PLC	76,818		5,790,949
TOTAL UNITED KINGDOM			207,357,078
United States of America - 16.5%
A.O. Smith Corp.	79,430		4,718,936
Affiliated Managers Group, Inc. (a)	24,600		5,055,792
American Tower Corp.	48,900		4,740,855
Ameriprise Financial, Inc.	38,400		4,797,696
AMETEK, Inc.	102,060		4,888,674
Amgen, Inc.	29,300		4,461,218
Amphenol Corp. Class A	83,592		4,489,726
AutoZone, Inc. (a)	7,650		4,566,744
Ball Corp.	77,400		4,901,742
Biogen Idec, Inc. (a)	13,100		5,097,996
BlackRock, Inc. Class A	14,100		4,801,191
Danaher Corp.	58,761		4,840,731
Ecolab, Inc.	49,620		5,149,067
Fidelity National Information Services, Inc.	72,330		4,515,562
Fiserv, Inc. (a)	60,285		4,372,471
Google, Inc. Class C (a)	10,153		5,426,982
Home Depot, Inc.	44,300		4,625,806
International Flavors & Fragrances, Inc.	41,700		4,424,787
Kansas City Southern	44,450		4,893,501
Las Vegas Sands Corp.	93,816		5,100,776
MasterCard, Inc. Class A	61,130		5,014,494
McGraw Hill Financial, Inc.	53,815		4,813,214
McKesson Corp.	22,500		4,784,625
Mettler-Toledo International, Inc. (a)	15,600		4,741,620
Moody's Corp.	54,740		4,999,404
NIKE, Inc. Class B	50,160		4,627,260
Pall Corp.	46,700		4,518,692
PPG Industries, Inc.	20,993		4,678,920
Priceline Group, Inc. (a)	4,863		4,909,101
Roper Industries, Inc.	30,300		4,676,502
SBA Communications Corp. Class A (a)	42,900		5,006,430
Sherwin-Williams Co.	16,060		4,356,596
Common Stocks - continued
	Shares		Value
United States of America - continued
The Walt Disney Co.	49,767		$ 4,526,806
Tiffany & Co., Inc.	57,300		4,964,472
TransDigm Group, Inc.	24,400		5,014,932
Union Pacific Corp.	44,400		5,204,124
United Technologies Corp.	41,308		4,741,332
Valspar Corp.	57,600		4,805,568
Verisk Analytics, Inc. (a)	66,730		4,294,076
Visa, Inc. Class A	19,930		5,080,356
Williams-Sonoma, Inc.	57,600		4,507,200
Wyndham Worldwide Corp.	55,530		4,652,859
Yahoo!, Inc. (a)	121,700		5,353,583
TOTAL UNITED STATES OF AMERICA			206,142,419
TOTAL COMMON STOCKS (Cost $1,106,725,829)		1,240,893,358
Nonconvertible Preferred Stocks - 0.4%

Germany - 0.4%
Sartorius AG (non-vtg.) (Cost $3,849,102)	38,444		4,930,635
Money Market Funds - 2.0%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	17,435,013		$ 17,435,013
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	7,206,667		7,206,667
TOTAL MONEY MARKET FUNDS (Cost $24,641,680)		24,641,680
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $1,135,216,611)			1,270,465,673
NET OTHER ASSETS (LIABILITIES) - (1.4)%			(17,323,641)
NET ASSETS - 100%		$ 1,253,142,032

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 5,903
Fidelity Securities Lending Cash Central Fund	46,016
Total	$ 51,919

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 243,795,496	$ 146,110,047	$ 97,685,449	$ -
Consumer Staples	76,569,633	38,136,638	38,432,995	-
Financials	210,466,219	116,846,695	93,619,524	-
Health Care	202,921,908	139,972,786	62,949,122	-
Industrials	256,313,969	205,046,850	51,267,119	-
Information Technology	135,175,745	92,561,581	42,614,164	-
Materials	104,546,967	78,041,985	26,504,982	-
Telecommunication Services	16,034,056	9,734,429	6,299,627	-
Money Market Funds	24,641,680	24,641,680	-	-
Total Investments in Securities:	$ 1,270,465,673	$ 851,092,691	$ 419,372,982	$ -

Transfers	Total
Level 1 to Level 2	$ 46,510,176
Level 2 to Level 1	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $1,137,248,672. Net unrealized appreciation aggregated $133,217,001, of which $157,957,186 related to appreciated investment securities and $24,740,185 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Discovery Fund

January 31, 2015

1.813016.110

IGI-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.5%
	Shares		Value (000s)
Australia - 3.4%
Ansell Ltd.	2,477,637		$ 43,489
Asaleo Care Ltd. (a)	16,014,918		20,462
Australia & New Zealand Banking Group Ltd.	6,436,881		164,317
Flight Centre Travel Group Ltd.	578,765		16,895
G8 Education Ltd.	5,872,272		19,057
Greencross Ltd.	1,142,925		7,876
Ramsay Health Care Ltd.	1,205,214		55,463
Spotless Group Holdings Ltd.	18,819,178		27,165
Woodside Petroleum Ltd.	643,861		17,100
TOTAL AUSTRALIA			371,824
Austria - 0.2%
Andritz AG	451,400		24,484
Bailiwick of Jersey - 1.8%
MySale Group PLC (f)	8,497,500		8,159
Shire PLC	1,718,300		125,415
Wolseley PLC	1,116,388		64,940
TOTAL BAILIWICK OF JERSEY			198,514
Belgium - 2.7%
Anheuser-Busch InBev SA NV	1,497,927		182,696
Arseus NV	250,764		10,249
KBC Groupe SA (a)	1,899,208		102,401
TOTAL BELGIUM			295,346
Bermuda - 0.9%
BW Offshore Ltd.	8,614,100		8,262
PAX Global Technology Ltd. (a)(f)	66,564,000		62,326
Travelport Worldwide Ltd. (e)	1,916,100		29,872
TOTAL BERMUDA			100,460
Canada - 2.4%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	793,600		31,096
Constellation Software, Inc.	283,100		78,442
Imperial Oil Ltd.	948,600		35,265
Potash Corp. of Saskatchewan, Inc.	806,500		29,361
PrairieSky Royalty Ltd. (e)	1,517,200		32,679
Suncor Energy, Inc.	686,700		20,482
TransForce, Inc.	1,400,200		31,779
TOTAL CANADA			259,104
Cayman Islands - 1.3%
Alibaba Group Holding Ltd. sponsored ADR	389,200		34,670
Common Stocks - continued
	Shares		Value (000s)
Cayman Islands - continued
Baidu.com, Inc. sponsored ADR (a)	196,700		$ 42,865
ENN Energy Holdings Ltd.	3,238,000		19,141
Greatview Aseptic Pack Co. Ltd.	26,164,000		11,927
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	834,100		33,447
TOTAL CAYMAN ISLANDS			142,050
China - 0.3%
Daqin Railway Co. Ltd. (A Shares)	7,059,599		11,912
Kweichow Moutai Co. Ltd.	603,257		16,982
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares)	677,065		2,221
TOTAL CHINA			31,115
Cyprus - 0.0%
SPDI Secure Property Development & Investment PLC (a)	525,230		253
Denmark - 1.2%
ISS Holdings A/S (a)	380,700		11,262
Novo Nordisk A/S Series B	2,278,345		101,547
Vestas Wind Systems A/S (a)	426,800		16,755
TOTAL DENMARK			129,564
Finland - 0.8%
Sampo Oyj (A Shares)	1,724,800		83,652
France - 7.8%
Accor SA	1,174,000		58,802
Air Liquide SA	348,500		44,106
Atos Origin SA	526,844		39,042
AXA SA	5,369,500		126,538
BNP Paribas SA	829,045		43,820
Havas SA	5,882,368		45,532
Ingenico SA	253,975		26,598
Numericable Group SA (a)	1,507,128		78,681
Rexel SA	1,277,682		23,967
Schneider Electric SA	863,300		65,360
Sodexo SA (e)	437,900		43,609
SR Teleperformance SA	294,600		21,169
Total SA	3,560,328		182,754
Unibail-Rodamco	158,900		44,907
TOTAL FRANCE			844,885
Germany - 7.4%
Aareal Bank AG	1,035,858		39,370
Allianz SE	130,682		21,548
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
Bayer AG	1,213,400		$ 175,575
Beiersdorf AG	246,600		21,680
Continental AG	308,100		69,874
Deutsche Annington Immobilien SE	811,100		28,230
Deutsche Boerse AG	447,994		34,439
Drillisch AG	2,005,100		78,169
Fresenius SE & Co. KGaA	476,000		27,303
GEA Group AG	1,621,621		73,746
KION Group AG	1,417,349		55,095
LEG Immobilien AG	817,119		62,723
ProSiebenSat.1 Media AG	601,773		26,751
Siemens AG (e)	768,388		81,170
TOTAL GERMANY			795,673
Hong Kong - 2.6%
AIA Group Ltd.	21,862,800		126,912
Hutchison Whampoa Ltd.	1,867,000		24,708
Techtronic Industries Co. Ltd.	39,340,000		128,475
TOTAL HONG KONG			280,095
India - 4.0%
Bharti Infratel Ltd.	11,032,464		64,197
Container Corp. of India Ltd.	470,441		11,094
Edelweiss Financial Srvs Ltd.	18,905,503		21,086
Housing Development Finance Corp. Ltd.	7,555,494		153,323
Info Edge India Ltd.	1,609,886		22,051
Lupin Ltd.	2,986,357		78,149
The Jammu & Kashmir Bank Ltd.	7,127,060		17,482
Titan Co. Ltd. (a)	2,240,879		16,093
Yes Bank Ltd.	3,138,775		43,512
TOTAL INDIA			426,987
Indonesia - 0.8%
PT Bank Central Asia Tbk	41,340,800		43,406
PT Bank Rakyat Indonesia Tbk	44,283,400		40,518
TOTAL INDONESIA			83,924
Ireland - 2.7%
Actavis PLC (a)	499,000		133,003
Bank of Ireland (a)	63,040,200		18,929
Glanbia PLC	2,403,800		38,843
Common Stocks - continued
	Shares		Value (000s)
Ireland - continued
James Hardie Industries PLC CDI	2,202,628		$ 22,085
Kerry Group PLC Class A	1,026,200		74,470
TOTAL IRELAND			287,330
Israel - 0.2%
Frutarom Industries Ltd.	735,926		23,043
Italy - 1.8%
Assicurazioni Generali SpA	1,321,900		27,933
De Longhi SpA	2,655,300		47,948
Intesa Sanpaolo SpA	9,734,800		28,467
Telecom Italia SpA (a)(e)	52,268,300		60,734
World Duty Free SpA (a)	2,234,410		24,668
TOTAL ITALY			189,750
Japan - 13.5%
ACOM Co. Ltd. (a)	10,936,600		29,752
Aozora Bank Ltd.	11,154,000		40,591
Astellas Pharma, Inc.	10,179,000		157,218
Coca-Cola Central Japan Co. Ltd.	1,583,700		26,369
Dentsu, Inc.	891,700		36,623
Don Quijote Holdings Co. Ltd.	890,400		64,828
Hitachi Ltd.	6,601,000		49,851
Hoya Corp.	2,503,400		97,013
Japan Exchange Group, Inc.	1,884,900		43,862
Japan Tobacco, Inc.	762,300		20,763
KDDI Corp.	1,786,400		126,100
Keyence Corp.	152,760		71,406
NEC Corp.	25,937,000		73,263
Nidec Corp.	238,300		16,216
Nippon Kanzai Co. Ltd.	7,900		172
Olympus Corp. (a)	1,488,000		51,461
OMRON Corp.	1,433,900		57,325
ORIX Corp.	3,652,900		41,975
Rakuten, Inc.	5,492,800		76,044
Seven Bank Ltd.	17,627,500		78,897
Ship Healthcare Holdings, Inc.	1,067,400		26,490
SoftBank Corp.	1,138,600		67,009
Sony Corp.	1,945,700		45,765
Sundrug Co. Ltd.	818,400		34,739
Toshiba Plant Systems & Services Corp.	1,756,200		26,919
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
Tsuruha Holdings, Inc.	1,202,100		$ 80,776
VT Holdings Co. Ltd.	3,932,700		15,827
TOTAL JAPAN			1,457,254
Korea (South) - 0.8%
Naturalendo Tech Co. Ltd.	167,866		7,886
NAVER Corp.	65,859		42,347
Samsung Electronics Co. Ltd.	25,699		31,648
TOTAL KOREA (SOUTH)			81,881
Luxembourg - 1.2%
Altice SA	753,100		63,059
Eurofins Scientific SA	42,400		10,948
Grand City Properties SA (a)	3,029,362		49,636
TOTAL LUXEMBOURG			123,643
Marshall Islands - 0.2%
Hoegh LNG Partners LP (f)	722,555		15,867
Netherlands - 3.6%
AerCap Holdings NV (a)	1,657,500		65,521
IMCD Group BV	1,885,700		59,877
ING Groep NV (Certificaten Van Aandelen) (a)	5,893,200		73,267
Royal DSM NV	780,437		41,643
Unilever NV (Certificaten Van Aandelen) (Bearer)	3,456,200		149,877
TOTAL NETHERLANDS			390,185
New Zealand - 0.7%
EBOS Group Ltd.	4,530,317		31,148
Ryman Healthcare Group Ltd.	7,248,326		43,507
TOTAL NEW ZEALAND			74,655
Philippines - 0.7%
Alliance Global Group, Inc.	77,113,366		43,482
SM Investments Corp.	1,667,240		34,973
TOTAL PHILIPPINES			78,455
Portugal - 0.2%
CTT Correios de Portugal SA	2,207,441		23,323
South Africa - 0.7%
Naspers Ltd. Class N	536,400		77,382
Spain - 2.3%
Amadeus IT Holding SA Class A (e)	2,328,900		93,661
Common Stocks - continued
	Shares		Value (000s)
Spain - continued
Atresmedia Corporacion de Medios de Comunicacion SA	1,502,300		$ 22,103
Criteria CaixaCorp SA	9,453,778		41,278
Inditex SA	2,387,564		70,511
Mediaset Espana Comunicacion, S.A. (a)	1,953,553		23,830
TOTAL SPAIN			251,383
Sweden - 2.9%
ASSA ABLOY AB (B Shares)	1,721,400		94,098
H&M Hennes & Mauritz AB (B Shares)	523,731		21,584
HEXPOL AB (B Shares)	301,400		30,289
Lifco AB (a)	447,800		7,344
Nordea Bank AB	7,354,600		93,597
Svenska Handelsbanken AB (A Shares)	1,413,300		67,093
TOTAL SWEDEN			314,005
Switzerland - 5.7%
Clariant AG (Reg.)	2,337,750		37,681
Compagnie Financiere Richemont SA Series A	525,923		43,693
Lonza Group AG	380,428		45,244
Partners Group Holding AG	228,066		61,251
Roche Holding AG (participation certificate)	918,221		247,479
Schindler Holding AG (participation certificate)	184,089		27,387
Sonova Holding AG Class B	336,488		44,379
UBS Group AG	6,687,781		112,094
TOTAL SWITZERLAND			619,208
Taiwan - 0.3%
ECLAT Textile Co. Ltd.	94,607		972
Merida Industry Co. Ltd.	4,995,900		34,260
TOTAL TAIWAN			35,232
Turkey - 0.1%
Logo Yazilim Sanayi Ve Ticar (a)	1,115,318		12,675
United Kingdom - 15.0%
Aberdeen Asset Management PLC	5,923,432		39,051
Al Noor Hospitals Group PLC	2,465,900		33,724
Associated British Foods PLC	784,200		36,651
B&M European Value Retail S.A.	6,347,595		30,188
BG Group PLC	4,055,820		54,096
British American Tobacco PLC (United Kingdom)	1,471,900		83,039
BTG PLC (a)	1,743,600		20,773
Bunzl PLC	2,107,500		60,217
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Diageo PLC	3,619,280		$ 107,133
Essentra PLC	2,165,600		27,073
Exova Group Ltd. PLC (a)	1,120,177		2,531
Hikma Pharmaceuticals PLC	2,694,515		95,780
Howden Joinery Group PLC	5,638,400		36,085
Imperial Tobacco Group PLC	1,099,350		51,728
ITV PLC	14,611,200		48,416
Johnson Matthey PLC	921,200		45,247
Liberty Global PLC Class A (a)	671,900		31,391
Lloyds Banking Group PLC (a)	72,164,800		79,945
London Stock Exchange Group PLC	2,606,936		92,863
Melrose PLC	11,897,500		47,488
Next PLC	768,144		83,707
Persimmon PLC	1,492,600		35,791
Poundland Group PLC	3,872,251		20,600
Reckitt Benckiser Group PLC	781,800		66,168
Rex Bionics PLC (a)(f)	1,317,442		1,389
Rio Tinto PLC	1,169,300		51,383
SABMiller PLC	1,097,700		59,942
St. James's Place Capital PLC	5,626,900		72,718
Taylor Wimpey PLC	11,898,900		24,267
Tesco PLC	5,664,800		19,156
The Restaurant Group PLC	1,974,900		21,402
Virgin Money Holdings Uk PLC (a)	4,118,000		19,398
Vodafone Group PLC	32,549,796		114,461
Workspace Group PLC	659,100		7,843
TOTAL UNITED KINGDOM			1,621,644
United States of America - 2.3%
Chevron Corp.	605,500		62,082
Constellation Brands, Inc. Class A (sub. vtg.) (a)	501,000		55,335
McGraw Hill Financial, Inc.	632,300		56,553
Visa, Inc. Class A	299,300		76,295
TOTAL UNITED STATES OF AMERICA			250,265
TOTAL COMMON STOCKS (Cost $8,867,069)		9,995,110
Preferred Stocks - 1.6%
	Shares		Value (000s)
Convertible Preferred Stocks - 0.2%
Cayman Islands - 0.2%
Meituan Corp. Series D (i)(k)	2,979,122		$ 18,833
Nonconvertible Preferred Stocks - 1.4%
Germany - 1.4%
Henkel AG & Co. KGaA	97,576		11,203
Volkswagen AG	629,800		141,125
TOTAL GERMANY			152,328
TOTAL PREFERRED STOCKS (Cost $169,737)		171,161

Government Obligations - 0.1%
		Principal Amount (000s) (d)
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.03% 2/5/15 to 2/12/15 (j) (Cost $11,730)		$ 11,730	11,730
Preferred Securities - 0.1%

Ireland - 0.1%
Baggot Securities Ltd. 10.24% (g)(h) (Cost $13,883)	EUR	9,040	11,733

Money Market Funds - 6.5%
	Shares
Fidelity Cash Central Fund, 0.13% (b)	544,829,191		544,829
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	152,950,485		152,950
TOTAL MONEY MARKET FUNDS (Cost $697,779)		697,779
TOTAL INVESTMENT PORTFOLIO - 100.8% (Cost $9,760,198)			10,887,513
NET OTHER ASSETS (LIABILITIES) - (0.8)%			(88,541)
NET ASSETS - 100%		$ 10,798,972

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) (000s)
Purchased
Equity Index Contracts
2,033 CME Nikkei 225 Index Contracts (United States)	March 2015	$ 178,091	$ (6,594)

The face value of futures purchased as a percentage of net assets is 1.6%

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

(d) Amount is stated in United States dollars unless otherwise noted.

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

(f) Affiliated company

(h) Security is perpetual in nature with no stated maturity date.

(i) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(j) 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 $7,713,000.

(k) Restricted securities - 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 $18,833,000 or 0.2% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost (000s)
Meituan Corp. Series D	1/26/15	$ 18,833

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 (Amount in thousands)
Fidelity Cash Central Fund	$ 204
Fidelity Securities Lending Cash Central Fund	405
Total	$ 609

Other Affiliated Issuers

Affiliate (Amount in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Hoegh LNG Partners LP	$ 12,426	$ 2,837	$ 130	$ 210	$ 15,867
MySale Group PLC	26,053	-	61	-	8,159
PAX Global Technology Ltd.	71,203	795	600	-	62,326
Rex Bionics PLC	3,518	-	12	-	1,389
Total	$ 113,200	$ 3,632	$ 803	$ 210	$ 87,741

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,704,632	$ 1,107,955	$ 596,677	$ -
Consumer Staples	1,170,566	380,948	789,618	-
Energy	428,587	174,637	253,950	-
Financials	2,375,430	1,307,641	1,067,789	-
Health Care	1,616,286	713,813	902,473	-
Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Industrials	$ 1,005,766	$ 709,122	$ 277,811	$ 18,833
Information Technology	911,478	404,248	507,230	-
Materials	423,715	338,320	85,395	-
Telecommunication Services	510,670	78,169	432,501	-
Utilities	19,141	-	19,141	-
Government Obligations	11,730	-	11,730	-
Preferred Securities	11,733	-	11,733	-
Money Market Funds	697,779	697,779	-	-
Total Investments in Securities:	$ 10,887,513	$ 5,912,632	$ 4,956,048	$ 18,833
Derivative Instruments:
Liabilities
Futures Contracts	$ (6,594)	$ (6,594)	$ -	$ -

Transfers	Total (000s)
Level 1 to Level 2	$ 211,793
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $9,767,272,000. Net unrealized appreciation aggregated $1,120,241,000, of which $1,603,402,000 related to appreciated investment securities and $483,161,000 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Growth Fund

January 31, 2015

1.863101.107

IGF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.9%
	Shares		Value
Australia - 3.4%
CSL Ltd.	304,417		$ 20,716,657
Sydney Airport unit	1,402,269		5,418,677
Transurban Group unit	981,375		7,018,409
TOTAL AUSTRALIA			33,153,743
Austria - 1.1%
Andritz AG	199,197		10,804,445
Bailiwick of Jersey - 1.4%
Shire PLC	183,000		13,356,780
Belgium - 4.8%
Anheuser-Busch InBev SA NV	263,191		32,100,398
KBC Groupe SA (a)	277,213		14,946,757
TOTAL BELGIUM			47,047,155
Bermuda - 0.5%
Lazard Ltd. Class A	104,092		4,767,414
Canada - 0.9%
Canadian Pacific Railway Ltd.	34,700		6,047,855
Pason Systems, Inc.	175,000		2,466,554
TOTAL CANADA			8,514,409
Cayman Islands - 1.9%
Sands China Ltd.	1,514,800		7,374,574
Tencent Holdings Ltd.	283,500		4,781,669
Wynn Macau Ltd.	2,197,600		6,085,479
TOTAL CAYMAN ISLANDS			18,241,722
Denmark - 2.6%
Jyske Bank A/S (Reg.) (a)	110,600		5,020,363
Novo Nordisk A/S Series B sponsored ADR	452,400		20,158,944
TOTAL DENMARK			25,179,307
Finland - 0.2%
Tikkurila Oyj	118,900		2,149,712
France - 1.1%
Safran SA	159,500		10,668,110
Germany - 4.8%
Bayer AG	143,600		20,778,417
Linde AG	135,741		26,060,507
TOTAL GERMANY			46,838,924
Common Stocks - continued
	Shares		Value
India - 0.6%
Housing Development Finance Corp. Ltd.	288,775		$ 5,860,077
Ireland - 2.3%
CRH PLC sponsored ADR	429,466		10,367,309
James Hardie Industries PLC:
CDI	494,387		4,957,124
sponsored ADR	132,300		6,690,411
TOTAL IRELAND			22,014,844
Israel - 0.2%
Azrieli Group	70,500		2,431,622
Italy - 0.7%
Azimut Holding SpA	126,600		2,959,870
Interpump Group SpA	263,551		3,755,417
TOTAL ITALY			6,715,287
Japan - 13.3%
Aozora Bank Ltd.	1,228,000		4,468,914
Astellas Pharma, Inc.	888,500		13,723,210
Coca-Cola Central Japan Co. Ltd.	189,400		3,153,506
DENSO Corp.	493,900		21,849,307
East Japan Railway Co.	71,900		5,553,421
Fanuc Corp.	51,200		8,598,494
Fast Retailing Co. Ltd.	28,600		10,609,912
Japan Tobacco, Inc.	150,800		4,107,288
Keyence Corp.	43,662		20,409,223
Mitsui Fudosan Co. Ltd.	409,000		10,340,181
Seven Bank Ltd.	1,357,900		6,077,639
SHO-BOND Holdings Co. Ltd.	131,500		5,566,664
USS Co. Ltd.	706,700		11,087,098
Yamato Kogyo Co. Ltd.	148,700		3,826,928
TOTAL JAPAN			129,371,785
Kenya - 0.4%
Safaricom Ltd.	26,739,300		4,128,326
Korea (South) - 0.8%
Bgf Retail (a)	53,901		3,942,951
NAVER Corp.	6,449		4,146,640
TOTAL KOREA (SOUTH)			8,089,591
Mexico - 0.4%
Fomento Economico Mexicano S.A.B. de CV sponsored ADR (a)	46,855		3,915,204
Common Stocks - continued
	Shares		Value
Netherlands - 1.1%
ING Groep NV (Certificaten Van Aandelen) (a)	906,364		$ 11,268,291
South Africa - 2.1%
Clicks Group Ltd.	649,951		5,023,235
MTN Group Ltd.	212,400		3,667,875
Naspers Ltd. Class N	80,000		11,540,952
TOTAL SOUTH AFRICA			20,232,062
Spain - 2.1%
Inditex SA	606,613		17,914,829
Prosegur Compania de Seguridad SA (Reg.)	438,049		2,440,327
TOTAL SPAIN			20,355,156
Sweden - 5.6%
ASSA ABLOY AB (B Shares)	317,561		17,359,121
Atlas Copco AB (A Shares)	333,509		9,887,331
Fagerhult AB	245,852		4,078,121
H&M Hennes & Mauritz AB (B Shares)	254,482		10,487,825
Intrum Justitia AB	81,700		2,177,232
Svenska Handelsbanken AB (A Shares)	225,140		10,688,041
TOTAL SWEDEN			54,677,671
Switzerland - 13.4%
Nestle SA	496,873		37,946,676
Novartis AG	250,288		24,391,266
Roche Holding AG (participation certificate)	152,599		41,128,090
Schindler Holding AG:
(participation certificate)	52,884		7,867,517
(Reg.)	8,980		1,310,521
UBS Group AG	1,073,961		17,913,669
TOTAL SWITZERLAND			130,557,739
Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	923,000		4,029,793
Turkey - 0.5%
Coca-Cola Icecek Sanayi A/S	257,534		5,200,580
United Kingdom - 13.9%
Babcock International Group PLC	350,784		5,315,210
BAE Systems PLC	761,600		5,821,644
Berendsen PLC	252,373		4,234,584
GlaxoSmithKline PLC	295,100		6,497,724
Informa PLC	684,291		5,277,077
InterContinental Hotel Group PLC ADR	426,196		16,945,553
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Johnson Matthey PLC	182,677		$ 8,972,580
Prudential PLC	1,293,167		31,437,398
Reckitt Benckiser Group PLC	253,145		21,424,891
Rolls-Royce Group PLC	322,037		4,324,240
SABMiller PLC	354,266		19,345,503
Shaftesbury PLC	249,233		2,920,571
Unite Group PLC	394,676		2,912,264
TOTAL UNITED KINGDOM			135,429,239
United States of America - 15.4%
Autoliv, Inc. (d)	108,469		11,504,222
Berkshire Hathaway, Inc. Class B (a)	48,484		6,977,332
BorgWarner, Inc.	182,492		9,856,393
Cummins, Inc.	49,082		6,844,976
FMC Technologies, Inc. (a)	82,152		3,079,057
Google, Inc. Class A (a)	30,036		16,145,852
Martin Marietta Materials, Inc.	45,700		4,923,718
MasterCard, Inc. Class A	185,600		15,224,768
McGraw Hill Financial, Inc.	43,600		3,899,584
Mead Johnson Nutrition Co. Class A	40,544		3,993,179
Mohawk Industries, Inc. (a)	56,500		9,324,760
Moody's Corp.	41,500		3,790,195
National Oilwell Varco, Inc.	35,172		1,914,412
Oceaneering International, Inc.	64,813		3,393,609
Philip Morris International, Inc.	101,408		8,136,978
PriceSmart, Inc.	45,900		3,753,702
ResMed, Inc. (d)	66,900		4,179,243
Solera Holdings, Inc.	71,689		3,699,152
SS&C Technologies Holdings, Inc.	139,800		7,735,134
Union Pacific Corp.	43,700		5,122,077
Visa, Inc. Class A	63,975		16,307,867
TOTAL UNITED STATES OF AMERICA			149,806,210
TOTAL COMMON STOCKS (Cost $847,264,735)		934,805,198
Money Market Funds - 5.0%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	38,596,631		$ 38,596,631
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	9,439,850		9,439,850
TOTAL MONEY MARKET FUNDS (Cost $48,036,481)		48,036,481
TOTAL INVESTMENT PORTFOLIO - 100.9% (Cost $895,301,216)			982,841,679
NET OTHER ASSETS (LIABILITIES) - (0.9)%			(8,358,565)
NET ASSETS - 100%		$ 974,483,114

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 8,839
Fidelity Securities Lending Cash Central Fund	29,728
Total	$ 38,567

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 153,965,269	$ 81,310,659	$ 72,654,610	$ -
Consumer Staples	147,936,803	44,345,146	103,591,657	-
Energy	10,853,632	10,853,632	-	-
Financials	148,680,182	79,227,682	69,452,500	-
Health Care	164,930,331	45,116,604	119,813,727	-
Industrials	140,214,393	108,058,728	32,155,665	-
Information Technology	92,480,098	59,112,773	33,367,325	-
Materials	67,948,289	59,164,237	8,784,052	-
Telecommunication Services	7,796,201	4,128,326	3,667,875	-
Money Market Funds	48,036,481	48,036,481	-	-
Total Investments in Securities:	$ 982,841,679	$ 539,354,268	$ 443,487,411	$ -

Transfers	Total
Level 1 to Level 2	$ 38,872,595
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $896,025,987. Net unrealized appreciation aggregated $86,815,692, of which $115,767,408 related to appreciated investment securities and $28,951,716 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Small Cap Fund

January 31, 2015

1.813082.110

ISC-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.1%
	Shares		Value
Australia - 4.6%
Austal Ltd. (a)	1,995,280		$ 2,396,040
Bradken Ltd.	853,141		1,799,332
Challenger Ltd.	845,650		4,114,108
Charter Hall Group unit	1,090,647		4,087,273
GUD Holdings Ltd. (d)	864,662		5,258,906
iiNet Ltd.	455,468		2,643,424
Imdex Ltd. (a)	7,363,809		1,679,316
Life Healthcare Group Ltd.	1,826,612		3,588,714
Nanosonics Ltd. (a)	1,455,582		1,527,109
RCG Corp. Ltd.	2,518,231		1,427,059
Slater & Gordon Ltd.	1,013,684		5,202,363
SomnoMed Ltd. (a)	584,445		1,214,251
Vision Group Holdings Ltd.	438,372		244,142
TOTAL AUSTRALIA			35,182,037
Austria - 1.4%
Andritz AG	98,812		5,359,563
RHI AG	195,100		5,136,788
TOTAL AUSTRIA			10,496,351
Bailiwick of Jersey - 1.2%
Kennedy Wilson Europe Real Estate PLC	184,085		2,883,596
Regus PLC (d)	2,000,300		6,085,961
TOTAL BAILIWICK OF JERSEY			8,969,557
Belgium - 1.1%
Barco NV (d)	58,703		3,780,397
Econocom Group SA (d)	545,523		4,467,964
TOTAL BELGIUM			8,248,361
Bermuda - 2.9%
APT Satellite Holdings Ltd.	1,262,500		1,717,123
BW Offshore Ltd.	4,420,513		4,239,765
Hiscox Ltd.	604,895		6,691,977
Petra Diamonds Ltd. (a)	2,085,600		4,818,801
Travelport Worldwide Ltd. (d)	282,000		4,396,380
TOTAL BERMUDA			21,864,046
Brazil - 0.1%
QGEP Participacoes SA	248,600		528,098
British Virgin Islands - 0.1%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	72,524		1,044,346
Common Stocks - continued
	Shares		Value
Canada - 3.0%
Constellation Software, Inc.	10,866		$ 3,010,789
Dorel Industries, Inc. Class B (sub. vtg.)	104,700		3,000,021
Genesis Land Development Corp.	886,300		2,106,419
Jean Coutu Group, Inc. Class A (sub. vtg.)	123,060		2,468,560
Lassonde Industries, Inc. Class A (sub. vtg.)	26,600		2,888,801
McCoy Global, Inc.	387,100		1,105,826
ShawCor Ltd. Class A	118,129		3,244,434
Whitecap Resources, Inc. (d)	514,481		5,024,561
TOTAL CANADA			22,849,411
Cayman Islands - 3.7%
AMVIG Holdings Ltd.	11,272,000		5,566,075
Bonjour Holdings Ltd.	33,882,800		3,103,606
China High Precision Automation Group Ltd. (a)	712,000		27,553
China Metal Recycling (Holdings) Ltd. (a)	436,800		0
Greatview Aseptic Pack Co. Ltd.	4,006,000		1,826,124
Lifestyle International Holdings Ltd.	3,549,500		6,948,475
Pico Far East Holdings Ltd.	18,482,000		4,147,396
SITC International Holdings Co. Ltd.	11,529,000		6,361,224
TOTAL CAYMAN ISLANDS			27,980,453
Chile - 0.6%
Quinenco SA	2,290,914		4,700,572
Denmark - 1.0%
Jyske Bank A/S (Reg.) (a)	161,979		7,352,563
Finland - 1.6%
Amer Group PLC (A Shares)	297,916		5,682,569
Rakentajain Konevuokraamo Oyj (B Shares)	173,356		2,675,889
Tikkurila Oyj	205,600		3,717,248
TOTAL FINLAND			12,075,706
France - 3.4%
ALTEN	108,300		4,546,380
Faiveley Transport	35,921		2,183,375
Sopra Steria Group	46,000		3,591,818
The Lisi Group	170,500		4,238,630
The Vicat Group	76,598		5,394,154
Thermador Groupe SA	18,900		1,517,201
Wendel SA	39,952		4,489,746
TOTAL FRANCE			25,961,304
Common Stocks - continued
	Shares		Value
Germany - 4.3%
AURELIUS AG	145,935		$ 5,852,533
CompuGroup Medical AG	239,549		6,201,516
GEA Group AG	152,536		6,936,857
LEG Immobilien AG	75,836		5,821,240
LEONI AG	82,747		5,186,673
SHW Group	49,128		2,434,317
TOTAL GERMANY			32,433,136
Greece - 0.9%
Metka SA	283,500		2,886,399
Motor Oil (HELLAS) Corinth Refineries SA	550,786		3,734,329
TOTAL GREECE			6,620,728
Hong Kong - 1.9%
Dah Sing Banking Group Ltd.	2,591,600		4,323,656
Far East Horizon Ltd.	3,161,000		2,693,175
Magnificent Estates Ltd. (a)	94,136,000		4,119,886
Techtronic Industries Co. Ltd.	968,000		3,161,263
TOTAL HONG KONG			14,297,980
India - 0.3%
McLeod Russel India Ltd.	748,354		2,477,258
Indonesia - 0.3%
PT Media Nusantara Citra Tbk	11,686,400		2,629,322
Ireland - 2.0%
C&C Group PLC	990,700		3,884,634
Mincon Group PLC	4,002,636		2,840,431
United Drug PLC (United Kingdom)	1,479,749		8,712,371
TOTAL IRELAND			15,437,436
Isle of Man - 0.6%
Lamprell PLC (a)	1,845,446		3,029,776
NETELLER PLC (a)	265,500		1,377,642
TOTAL ISLE OF MAN			4,407,418
Israel - 0.9%
Frutarom Industries Ltd.	231,810		7,258,343
Italy - 1.0%
Cerved Information Solutions SpA	541,000		2,928,271
Danieli & C. Officine Meccaniche SpA	180,697		4,434,955
TOTAL ITALY			7,363,226
Common Stocks - continued
	Shares		Value
Japan - 20.7%
A/S One Corp.	128,900		$ 3,448,681
ACOM Co. Ltd. (a)(d)	574,700		1,563,433
Aeon Delight Co. Ltd.	146,700		3,285,521
Ain Pharmaciez, Inc.	136,300		4,392,788
Arc Land Sakamoto Co. Ltd.	164,000		3,059,083
Broadleaf Co. Ltd.	475,200		7,334,428
Daiwa Industries Ltd.	446,000		2,710,268
Fuji Corp.	147,800		2,130,193
Fukuda Denshi Co. Ltd.	146,700		7,283,600
GMO Internet, Inc.	382,000		3,154,049
Higashi Nihon House Co. Ltd.	1,224,500		5,347,653
Hoshizaki Electric Co. Ltd.	57,400		2,910,084
Iida Group Holdings Co. Ltd.	325,351		4,046,591
JSR Corp.	431,800		7,610,823
KAWAI Musical Instruments Manufacturing Co. Ltd.	234,400		4,629,015
Kinugawa Rubber Industrial Co. Ltd.	684,000		3,065,157
Kotobuki Spirits Co. Ltd.	87,700		2,022,779
Leopalace21 Corp. (a)	890,000		5,758,574
Meitec Corp.	152,600		4,453,120
Miraca Holdings, Inc.	103,100		4,617,517
Mitani Shoji Co. Ltd.	234,300		5,389,815
Nitori Holdings Co. Ltd.	111,100		6,281,541
Paramount Bed Holdings Co. Ltd.	182,000		5,033,944
Ricoh Leasing Co. Ltd.	258,900		6,775,675
San-Ai Oil Co. Ltd.	603,000		4,001,407
Ship Healthcare Holdings, Inc.	123,600		3,067,418
TFP Consulting Group Co. Ltd.	171,500		4,701,875
TKC Corp.	354,500		6,277,185
Tokyo Ohka Kogyo Co. Ltd.	81,600		2,805,941
Toshiba Plant Systems & Services Corp.	251,600		3,856,475
Toyo Suisan Kaisha Ltd.	112,600		3,961,381
Tsuruha Holdings, Inc.	170,000		11,423,309
Uchiyama Holdings Co. Ltd.	402,900		2,065,149
VT Holdings Co. Ltd.	1,492,500		6,006,502
Welcia Holdings Co. Ltd.	80,400		2,959,441
TOTAL JAPAN			157,430,415
Korea (South) - 2.3%
Bgf Retail (a)	61,850		4,524,435
DGB Financial Group Co. Ltd.	186,915		1,778,230
Fila Korea Ltd.	22,673		2,251,890
Hy-Lok Corp.	120,010		2,999,608
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Koh Young Technology, Inc.	55,256		$ 2,377,275
Soulbrain Co. Ltd.	53,065		1,745,458
TK Corp. (a)	177,678		1,696,561
TOTAL KOREA (SOUTH)			17,373,457
Luxembourg - 1.0%
Grand City Properties SA (a)(d)	471,873		7,731,639
Malaysia - 0.4%
Kossan Rubber Industries Bhd	2,012,100		2,885,989
Netherlands - 1.7%
Amsterdam Commodities NV	189,221		4,521,218
BinckBank NV	375,400		3,096,675
IMCD Group BV	159,200		5,055,078
TOTAL NETHERLANDS			12,672,971
New Zealand - 2.0%
EBOS Group Ltd.	1,408,656		9,685,000
Nuplex Industries Ltd.	2,477,747		5,390,028
TOTAL NEW ZEALAND			15,075,028
Norway - 1.8%
ABG Sundal Collier ASA (a)	6,803,251		4,217,965
Ekornes A/S	362,297		4,513,531
Kongsberg Gruppen ASA	282,200		4,784,970
TOTAL NORWAY			13,516,466
Singapore - 2.3%
Amtek Engineering Ltd.	5,633,000		2,584,255
Boustead Singapore Ltd.	2,063,020		2,743,186
Hour Glass Ltd.	7,362,000		3,988,054
Mapletree Industrial (REIT)	2,958,847		3,341,714
OSIM International Ltd.	3,179,000		4,547,429
TOTAL SINGAPORE			17,204,638
South Africa - 1.6%
Capitec Bank Holdings Ltd.	93,600		3,068,784
Clicks Group Ltd.	930,231		7,189,417
Pinnacle Technology Holdings Ltd. (a)	1,900,130		1,768,065
TOTAL SOUTH AFRICA			12,026,266
Common Stocks - continued
	Shares		Value
Sweden - 1.1%
AddTech AB (B Shares)	182,656		$ 2,593,856
Meda AB (A Shares)	392,600		5,537,263
TOTAL SWEDEN			8,131,119
Switzerland - 4.5%
Allied World Assurance Co.	206,900		8,000,823
Clariant AG (Reg.)	260,352		4,196,482
Daetwyler Holdings AG	17,381		2,076,558
Pargesa Holding SA	87,736		6,354,219
Vontobel Holdings AG	227,903		7,632,343
VZ Holding AG	36,481		6,356,959
TOTAL SWITZERLAND			34,617,384
Taiwan - 1.0%
King's Town Bank	2,067,000		2,165,756
Richtek Technology Corp.	340,000		1,710,732
Tripod Technology Corp.	1,890,000		4,062,760
TOTAL TAIWAN			7,939,248
Thailand - 1.3%
Delta Electronics PCL (For. Reg.)	3,395,000		7,661,721
TISCO Financial Group PCL	1,671,400		2,371,440
TOTAL THAILAND			10,033,161
Turkey - 0.5%
Aygaz A/S	821,000		3,490,332
United Kingdom - 16.1%
Aberdeen Asset Management PLC	612,200		4,036,013
Alent PLC	520,408		2,864,930
Amec Foster Wheeler PLC	367,641		4,416,084
Ashmore Group PLC (d)	910,593		3,848,528
Balfour Beatty PLC	644,000		2,153,384
BBA Aviation PLC	1,273,381		6,511,496
Bond International Software PLC	843,266		1,155,816
Brammer PLC	646,664		3,360,318
Brewin Dolphin Holding PLC	763,663		3,374,773
Cairn Energy PLC (a)	140,055		405,026
Cineworld Group PLC	1,024,176		6,556,109
Close Brothers Group PLC	411,300		9,422,596
Countrywide PLC	951,700		6,593,873
Diploma PLC	374,452		4,266,657
Informa PLC	753,906		5,813,930
Common Stocks - continued
	Shares		Value
United Kingdom - continued
ITE Group PLC	1,169,900		$ 2,303,950
Luxfer Holdings PLC sponsored ADR	420,500		5,659,930
McColl's Retail Group PLC	698,300		1,840,614
Mears Group PLC	873,960		5,462,888
Meggitt PLC	677,283		5,498,467
Micro Focus International PLC	233,079		3,693,189
Moneysupermarket.com Group PLC	1,278,200		5,063,341
Morgan Advanced Materials PLC	481,508		2,208,378
Provident Financial PLC	162,378		6,449,410
Pureprofile Media PLC (e)	2,238,850		871,472
Silverdell PLC (a)	12,644,400		0
Sinclair Pharma PLC (a)(d)	6,642,987		3,777,139
Spectris PLC	184,900		5,820,574
Spirent Communications PLC	1,513,100		2,034,035
Ultra Electronics Holdings PLC	261,344		6,884,700
TOTAL UNITED KINGDOM			122,347,620
United States of America - 0.9%
Dillard's, Inc. Class A (d)	61,071		6,937,666
YOU On Demand Holdings, Inc. warrants 8/30/17 (a)(e)	27,500		6,406
TOTAL UNITED STATES OF AMERICA			6,944,072
TOTAL COMMON STOCKS (Cost $748,482,146)		729,597,457
Money Market Funds - 5.9%

Fidelity Cash Central Fund, 0.13% (b)	29,389,122		29,389,122
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	15,343,546		15,343,546
TOTAL MONEY MARKET FUNDS (Cost $44,732,668)		44,732,668
TOTAL INVESTMENT PORTFOLIO - 102.0% (Cost $793,214,814)			774,330,125
NET OTHER ASSETS (LIABILITIES) - (2.0)%			(15,104,429)
NET ASSETS - 100%		$ 759,225,696

Legend

(a) Non-income producing

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

(e) Restricted securities - 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 $877,878 or 0.1% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Pureprofile Media PLC	11/6/14	$ 958,676
YOU On Demand Holdings, Inc. warrants 8/30/17	9/14/12	$ 0

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 Cash Central Fund	$ 9,275
Fidelity Securities Lending Cash Central Fund	22,482
Total	$ 31,757

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 128,182,936	$ 46,825,146	$ 81,357,790	$ -
Consumer Staples	54,554,635	15,603,827	38,950,808	-
Energy	32,472,492	25,727,899	6,744,593	-
Financials	157,283,979	115,242,161	42,041,818	-
Health Care	68,889,803	33,913,289	34,976,514	-
Industrials	140,465,613	95,321,435	45,144,178	-
Information Technology	74,831,531	39,586,291	34,346,215	899,025
Materials	65,065,589	43,831,852	21,233,737	-
Telecommunication Services	4,360,547	-	4,360,547	-
Utilities	3,490,332	3,490,332	-	-
Money Market Funds	44,732,668	44,732,668	-	-
Total Investments in Securities:	$ 774,330,125	$ 464,274,900	$ 309,156,200	$ 899,025

Transfers	Total
Level 1 to Level 2	$ 22,151,059
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $801,104,286. Net unrealized depreciation aggregated $26,774,161, of which $66,974,983 related to appreciated investment securities and $93,749,144 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Small Cap
Opportunities Fund

January 31, 2015

1.827842.109

ILS-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.9%
	Shares		Value
Australia - 1.7%
DuluxGroup Ltd.	604,841		$ 2,801,718
Imdex Ltd. (a)	1,779,471		405,808
RCG Corp. Ltd.	3,726,715		2,111,896
Sydney Airport unit	795,862		3,075,386
TFS Corp. Ltd.	1,973,026		2,247,865
TOTAL AUSTRALIA			10,642,673
Austria - 1.4%
Andritz AG	117,900		6,394,896
Zumtobel AG	122,581		2,821,582
TOTAL AUSTRIA			9,216,478
Belgium - 1.2%
Gimv NV	56,688		2,565,500
KBC Ancora (a)	172,738		5,195,087
TOTAL BELGIUM			7,760,587
Bermuda - 1.0%
Lazard Ltd. Class A	53,699		2,459,414
Petra Diamonds Ltd. (a)	1,147,409		2,651,101
Vostok Nafta Investment Ltd. SDR (a)	316,909		1,283,079
TOTAL BERMUDA			6,393,594
British Virgin Islands - 0.2%
Gem Diamonds Ltd. (a)	597,996		1,269,989
Canada - 1.1%
Pason Systems, Inc.	311,100		4,384,828
ShawCor Ltd. Class A	97,100		2,666,869
TOTAL CANADA			7,051,697
Cayman Islands - 0.2%
58.com, Inc. ADR (a)	33,600		1,292,592
Denmark - 1.6%
Jyske Bank A/S (Reg.) (a)	115,827		5,257,628
Spar Nord Bank A/S	521,369		4,711,035
TOTAL DENMARK			9,968,663
Finland - 0.5%
Tikkurila Oyj	166,850		3,016,648
France - 2.1%
Coface SA	141,800		1,734,533
Laurent-Perrier Group SA	31,163		2,461,472
Common Stocks - continued
	Shares		Value
France - continued
Saft Groupe SA	57,516		$ 1,844,504
Vetoquinol SA	56,184		2,220,173
Virbac SA	22,452		5,003,114
TOTAL FRANCE			13,263,796
Germany - 4.2%
alstria office REIT-AG	224,000		2,871,646
CompuGroup Medical AG	269,478		6,976,327
CTS Eventim AG	362,280		10,398,161
Fielmann AG	96,874		6,601,992
TOTAL GERMANY			26,848,126
Greece - 0.4%
Titan Cement Co. SA (Reg.)	105,280		2,349,586
India - 0.6%
Jyothy Laboratories Ltd. (a)	768,645		3,572,659
Ireland - 1.6%
FBD Holdings PLC	240,328		2,987,277
James Hardie Industries PLC:
CDI	165,775		1,662,194
sponsored ADR	112,915		5,710,112
TOTAL IRELAND			10,359,583
Israel - 1.6%
Azrieli Group	90,005		3,104,371
Ituran Location & Control Ltd.	84,286		1,748,092
Sarine Technologies Ltd.	1,108,000		2,132,374
Strauss Group Ltd. (a)	229,344		3,360,721
TOTAL ISRAEL			10,345,558
Italy - 4.3%
Azimut Holding SpA	426,997		9,983,062
Beni Stabili SpA SIIQ	9,945,675		7,434,342
Interpump Group SpA	677,943		9,660,213
TOTAL ITALY			27,077,617
Japan - 28.2%
Air Water, Inc.	131,000		2,254,021
Aozora Bank Ltd.	1,939,000		7,056,372
Artnature, Inc.	312,600		3,268,508
Asahi Co. Ltd.	258,500		2,529,379
Autobacs Seven Co. Ltd.	222,000		3,250,213
Common Stocks - continued
	Shares		Value
Japan - continued
Azbil Corp.	226,100		$ 5,617,886
Broadleaf Co. Ltd.	52,900		816,480
Coca-Cola Central Japan Co. Ltd.	254,700		4,240,749
Cosmos Pharmaceutical Corp.	24,000		3,867,207
Daiichikosho Co. Ltd.	79,400		2,299,395
Daikokutenbussan Co. Ltd.	168,700		6,538,537
GCA Savvian Group Corp.	162,400		1,634,801
Glory Ltd.	96,800		2,536,790
Goldcrest Co. Ltd.	283,130		4,412,494
Harmonic Drive Systems, Inc.	200,700		3,180,385
Iwatsuka Confectionary Co. Ltd.	63,300		3,654,919
Kobayashi Pharmaceutical Co. Ltd.	67,500		4,514,370
Koshidaka Holdings Co. Ltd.	152,900		2,779,700
Kyoto Kimono Yuzen Co. Ltd.	78,500		668,662
Lasertec Corp.	181,700		2,247,467
Medikit Co. Ltd.	73,200		2,287,944
Meiko Network Japan Co. Ltd.	112,600		1,165,065
Miraial Co. Ltd.	73,200		944,023
Nabtesco Corp.	185,800		4,796,708
Nagaileben Co. Ltd.	307,600		5,086,069
ND Software Co. Ltd.	35,491		748,520
Nihon M&A Center, Inc.	68,900		2,391,260
Nihon Parkerizing Co. Ltd.	324,000		7,724,413
Nippon Seiki Co. Ltd.	128,000		2,894,699
NS Tool Co. Ltd.	35,600		513,996
OBIC Co. Ltd.	189,800		6,366,796
OSG Corp.	568,100		10,459,737
Paramount Bed Holdings Co. Ltd.	65,600		1,814,432
San-Ai Oil Co. Ltd.	381,000		2,528,252
Seven Bank Ltd.	2,163,800		9,684,657
SHO-BOND Holdings Co. Ltd.	193,700		8,199,718
Shoei Co. Ltd.	199,100		3,110,255
SK Kaken Co. Ltd.	35,000		2,690,556
Software Service, Inc.	62,900		2,133,146
Techno Medica Co. Ltd.	79,400		1,657,523
TFP Consulting Group Co. Ltd.	41,700		1,143,255
The Nippon Synthetic Chemical Industry Co. Ltd.	406,000		2,496,656
TKC Corp.	166,900		2,955,324
Tocalo Co. Ltd.	117,000		1,969,667
Tsutsumi Jewelry Co. Ltd.	81,000		1,729,723
USS Co. Ltd.	910,800		14,289,136
Common Stocks - continued
	Shares		Value
Japan - continued
Workman Co. Ltd.	79,400		$ 3,901,821
Yamato Kogyo Co. Ltd.	202,700		5,216,666
TOTAL JAPAN			178,268,352
Korea (South) - 2.7%
Bgf Retail (a)	70,508		5,157,782
Coway Co. Ltd.	106,533		8,469,503
Leeno Industrial, Inc.	91,751		3,314,858
TOTAL KOREA (SOUTH)			16,942,143
Mexico - 0.6%
Consorcio ARA S.A.B. de CV (a)	9,235,478		3,980,199
Netherlands - 3.5%
Aalberts Industries NV	319,501		9,246,135
ASM International NV (depositary receipt)	56,400		2,357,520
Heijmans NV (Certificaten Van Aandelen)	241,692		2,316,809
VastNed Retail NV	164,729		8,180,088
TOTAL NETHERLANDS			22,100,552
Philippines - 0.7%
Jollibee Food Corp.	796,090		4,169,852
South Africa - 1.9%
Alexander Forbes Group Holding (a)	2,593,721		2,103,264
Clicks Group Ltd.	878,287		6,787,961
Nampak Ltd.	795,900		2,901,481
TOTAL SOUTH AFRICA			11,792,706
Spain - 1.0%
Prosegur Compania de Seguridad SA (Reg.)	1,112,590		6,198,128
Sweden - 2.4%
Fagerhult AB	512,812		8,506,375
Intrum Justitia AB	248,334		6,617,878
TOTAL SWEDEN			15,124,253
Taiwan - 0.3%
Addcn Technology Co. Ltd.	210,000		2,075,663
Turkey - 1.1%
Albaraka Turk Katilim Bankasi A/S	3,859,046		2,729,080
Coca-Cola Icecek Sanayi A/S	211,362		4,268,194
TOTAL TURKEY			6,997,274
Common Stocks - continued
	Shares		Value
United Kingdom - 20.9%
Babcock International Group PLC	164,700		$ 2,495,596
Bellway PLC	277,072		7,612,023
Berendsen PLC	613,663		10,296,693
Britvic PLC	511,971		5,432,616
Dechra Pharmaceuticals PLC	352,050		4,586,729
Derwent London PLC	91,710		4,496,249
Elementis PLC	1,482,810		6,173,141
Great Portland Estates PLC	601,789		7,119,887
H&T Group PLC	264,353		676,886
Hilton Food Group PLC	218,188		1,291,535
Howden Joinery Group PLC	469,500		3,004,727
Informa PLC	1,001,781		7,725,479
InterContinental Hotel Group PLC ADR	116,931		4,649,177
ITE Group PLC	1,033,234		2,034,806
Johnson Matthey PLC	82,875		4,070,586
Meggitt PLC	627,090		5,090,979
Rotork PLC	96,000		3,332,919
Shaftesbury PLC	637,673		7,472,403
Spectris PLC	273,478		8,608,973
Spirax-Sarco Engineering PLC	238,421		10,952,846
Taylor Wimpey PLC	2,007,600		4,094,289
Ted Baker PLC	133,700		4,778,722
Ultra Electronics Holdings PLC	218,058		5,744,397
Unite Group PLC	1,434,757		10,586,891
TOTAL UNITED KINGDOM			132,328,549
United States of America - 8.9%
ANSYS, Inc. (a)	21,085		1,700,927
Autoliv, Inc. (d)	48,200		5,112,092
Broadridge Financial Solutions, Inc.	48,905		2,346,951
Dril-Quip, Inc. (a)	36,795		2,731,293
Evercore Partners, Inc. Class A	56,600		2,709,442
Kennedy-Wilson Holdings, Inc.	245,429		6,525,957
Martin Marietta Materials, Inc.	24,420		2,631,011
Mohawk Industries, Inc. (a)	40,300		6,651,112
Oceaneering International, Inc.	41,102		2,152,101
PriceSmart, Inc.	78,099		6,386,936
ResMed, Inc. (d)	43,300		2,704,951
Common Stocks - continued
	Shares		Value
United States of America - continued
Solera Holdings, Inc.	79,956		$ 4,125,730
SS&C Technologies Holdings, Inc.	192,058		10,626,569
TOTAL UNITED STATES OF AMERICA			56,405,072
TOTAL COMMON STOCKS (Cost $507,635,690)		606,812,589
Nonconvertible Preferred Stocks - 1.0%

Germany - 1.0%
Sartorius AG (non-vtg.) (Cost $5,714,273)	50,279		6,448,533
Money Market Funds - 3.4%

Fidelity Cash Central Fund, 0.13% (b)	18,299,114		18,299,114
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	3,344,200		3,344,200
TOTAL MONEY MARKET FUNDS (Cost $21,643,314)		21,643,314
TOTAL INVESTMENT PORTFOLIO - 100.3% (Cost $534,993,277)			634,904,436
NET OTHER ASSETS (LIABILITIES) - (0.3)%			(1,967,876)
NET ASSETS - 100%		$ 632,936,560

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 3,871
Fidelity Securities Lending Cash Central Fund	8,943
Total	$ 12,814

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 120,012,078	$ 66,642,779	$ 53,369,299	$ -
Consumer Staples	64,804,166	23,201,474	41,602,692	-
Energy	14,463,343	11,935,091	2,528,252	-
Financials	124,975,445	100,083,857	24,891,588	-
Health Care	41,667,461	27,939,827	13,727,634	-
Industrials	131,919,226	91,519,950	40,399,276	-
Information Technology	57,145,851	32,807,354	24,338,497	-
Materials	58,273,552	27,872,174	30,401,378	-
Money Market Funds	21,643,314	21,643,314	-	-
Total Investments in Securities:	$ 634,904,436	$ 403,645,820	$ 231,258,616	$ -

Transfers	Total
Level 1 to Level 2	$ 27,223,905
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $539,475,727. Net unrealized appreciation aggregated $95,428,709, of which $129,766,704 related to appreciated investment securities and $34,337,995 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International
Value Fund

January 31, 2015

1.844602.108

FIV-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.9%
	Shares		Value
Australia - 5.0%
Ansell Ltd.	52,575		$ 922,835
Australia & New Zealand Banking Group Ltd.	116,005		2,961,317
Telstra Corp. Ltd.	215,559		1,087,277
Transurban Group unit	196,204		1,403,174
Westpac Banking Corp.	140,895		3,765,569
TOTAL AUSTRALIA			10,140,172
Bailiwick of Jersey - 1.7%
Shire PLC	24,900		1,817,398
Wolseley PLC	27,537		1,601,812
TOTAL BAILIWICK OF JERSEY			3,419,210
Belgium - 0.7%
Anheuser-Busch InBev SA NV	11,070		1,350,165
Bermuda - 0.2%
Travelport Worldwide Ltd. (d)	31,200		486,408
Canada - 1.1%
Imperial Oil Ltd.	24,200		899,668
Potash Corp. of Saskatchewan, Inc.	36,500		1,328,787
TOTAL CANADA			2,228,455
Denmark - 0.4%
Topdanmark A/S (a)	24,900		834,935
Finland - 1.2%
Sampo Oyj (A Shares)	49,634		2,407,229
France - 16.2%
Atos Origin SA	23,542		1,744,589
AXA SA	113,621		2,677,610
BNP Paribas SA	47,447		2,507,847
Cap Gemini SA	28,693		2,093,559
GDF Suez	77,278		1,722,469
Havas SA	159,866		1,237,443
Orange SA	152,500		2,682,946
Renault SA	16,345		1,259,828
Sanofi SA	49,241		4,537,061
Schneider Electric SA	27,105		2,052,120
Total SA	107,663		5,526,405
Unibail-Rodamco	8,000		2,260,904
Vivendi SA	101,768		2,418,980
TOTAL FRANCE			32,721,761
Common Stocks - continued
	Shares		Value
Germany - 7.0%
Allianz SE	21,580		$ 3,558,358
BASF AG	38,557		3,463,768
Bayer AG	15,003		2,170,882
Continental AG	6,766		1,534,468
Fresenius SE & Co. KGaA	32,900		1,887,105
GEA Group AG	33,279		1,513,424
TOTAL GERMANY			14,128,005
Ireland - 1.2%
Actavis PLC (a)	8,700		2,318,898
Israel - 1.3%
Teva Pharmaceutical Industries Ltd. sponsored ADR	44,599		2,535,899
Italy - 1.8%
Intesa Sanpaolo SpA	513,600		1,501,901
Mediaset SpA (a)	212,400		968,208
Telecom Italia SpA (a)	1,041,900		1,210,654
TOTAL ITALY			3,680,763
Japan - 18.8%
Astellas Pharma, Inc.	136,600		2,109,837
Dentsu, Inc.	31,700		1,301,936
East Japan Railway Co.	20,900		1,614,277
Fujitsu Ltd.	201,000		1,062,181
Hitachi Ltd.	231,000		1,744,534
Hoya Corp.	56,800		2,201,147
Itochu Corp.	125,100		1,266,695
Japan Tobacco, Inc.	78,800		2,146,248
KDDI Corp.	33,100		2,336,495
Mitsubishi Electric Corp.	90,000		1,040,916
Mitsubishi UFJ Financial Group, Inc.	794,700		4,223,251
Nippon Prologis REIT, Inc.	220		517,979
Nippon Telegraph & Telephone Corp.	34,800		2,059,700
OMRON Corp.	27,200		1,087,420
ORIX Corp.	97,400		1,119,206
Seven & i Holdings Co., Ltd.	58,100		2,126,117
Seven Bank Ltd.	271,500		1,215,170
SoftBank Corp.	11,800		694,450
Sony Financial Holdings, Inc.	68,400		950,624
Sumitomo Mitsui Trust Holdings, Inc.	442,000		1,554,305
Toyota Motor Corp.	85,600		5,518,716
TOTAL JAPAN			37,891,204
Common Stocks - continued
	Shares		Value
Korea (South) - 0.5%
Samsung Electronics Co. Ltd.	892		$ 1,098,488
Luxembourg - 0.5%
RTL Group SA	10,939		1,037,094
Netherlands - 2.3%
ING Groep NV (Certificaten Van Aandelen) (a)	145,690		1,811,278
Reed Elsevier NV	117,061		2,861,974
TOTAL NETHERLANDS			4,673,252
Singapore - 1.1%
Singapore Telecommunications Ltd.	641,000		1,930,355
UOL Group Ltd.	62,700		333,681
TOTAL SINGAPORE			2,264,036
Spain - 2.4%
Amadeus IT Holding SA Class A	28,262		1,136,604
Iberdrola SA	386,724		2,677,924
Mediaset Espana Comunicacion, S.A. (a)	88,500		1,079,554
TOTAL SPAIN			4,894,082
Sweden - 1.4%
Nordea Bank AB	222,000		2,825,240
Switzerland - 5.4%
Nestle SA	54,537		4,165,044
Novartis AG	34,240		3,336,784
Roche Holding AG (participation certificate)	3,854		1,038,720
Syngenta AG (Switzerland)	3,101		1,010,101
UBS Group AG	81,958		1,367,059
TOTAL SWITZERLAND			10,917,708
United Kingdom - 23.6%
AstraZeneca PLC (United Kingdom)	53,282		3,792,897
BAE Systems PLC	326,429		2,495,212
Barclays PLC	700,353		2,459,660
BG Group PLC	72,400		965,662
BP PLC sponsored ADR	113,000		4,387,790
Bunzl PLC	73,660		2,104,659
Compass Group PLC	131,339		2,276,940
HSBC Holdings PLC sponsored ADR (d)	93,542		4,276,740
Imperial Tobacco Group PLC	54,405		2,559,956
Informa PLC	153,772		1,185,850
ITV PLC	591,696		1,960,668
Johnson Matthey PLC	21,600		1,060,931
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Liberty Global PLC Class A (a)	27,100		$ 1,266,112
Lloyds Banking Group PLC (a)	2,778,100		3,077,620
Meggitt PLC	27,813		225,798
National Grid PLC	198,782		2,794,675
Prudential PLC	67,351		1,637,329
Rio Tinto PLC	73,800		3,242,992
Standard Chartered PLC (United Kingdom)	37,125		496,381
Tesco PLC	245,800		831,213
Vodafone Group PLC sponsored ADR	127,958		4,495,165
TOTAL UNITED KINGDOM			47,594,250
United States of America - 3.1%
Altria Group, Inc.	30,600		1,624,860
Constellation Brands, Inc. Class A (sub. vtg.) (a)	15,600		1,723,020
Energizer Holdings, Inc.	1,955		250,260
McGraw Hill Financial, Inc.	13,100		1,171,664
ResMed, Inc. CDI (d)	227,814		1,419,040
TOTAL UNITED STATES OF AMERICA			6,188,844
TOTAL COMMON STOCKS (Cost $196,419,544)		195,636,098
Nonconvertible Preferred Stocks - 1.1%

Germany - 1.1%
Volkswagen AG (Cost $2,273,685)	10,331		2,314,960
Money Market Funds - 2.5%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	2,713,146		$ 2,713,146
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	2,397,030		2,397,030
TOTAL MONEY MARKET FUNDS (Cost $5,110,176)		5,110,176
TOTAL INVESTMENT PORTFOLIO - 100.5% (Cost $203,803,405)			203,061,234
NET OTHER ASSETS (LIABILITIES) - (0.5)%			(1,072,653)
NET ASSETS - 100%		$ 201,988,581

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 580
Fidelity Securities Lending Cash Central Fund	14,556
Total	$ 15,136

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 28,436,407	$ 16,607,533	$ 11,828,874	$ -
Consumer Staples	14,630,635	6,158,096	8,472,539	-
Energy	11,779,525	5,287,458	6,492,067	-
Financials	51,512,857	20,825,609	30,687,248	-
Health Care	27,887,356	8,912,784	18,974,572	-
Industrials	15,318,087	9,993,025	5,325,062	-
Information Technology	12,168,522	4,974,752	7,193,770	-
Materials	10,106,579	5,853,486	4,253,093	-
Telecommunication Services	18,916,022	6,914,145	12,001,877	-
Utilities	7,195,068	4,400,393	2,794,675	-
Money Market Funds	5,110,176	5,110,176	-	-
Total Investments in Securities:	$ 203,061,234	$ 95,037,457	$ 108,023,777	$ -

Transfers	Total
Level 1 to Level 2	$ 3,667,769
Level 2 to Level 1	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $204,514,965. Net unrealized depreciation aggregated $1,453,731, of which $15,439,154 related to appreciated investment securities and $16,892,885 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Japan Fund

January 31, 2015

1.813056.110

JPN-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.1%
	Shares		Value
CONSUMER DISCRETIONARY - 26.3%
Auto Components - 4.0%
Bridgestone Corp.	236,400		$ 9,448,280
NGK Spark Plug Co. Ltd.	44,000		1,304,375
Sumitomo Electric Industries Ltd.	505,100		6,508,562
			17,261,217
Automobiles - 11.4%
Honda Motor Co. Ltd.	542,800		16,378,856
Mazda Motor Corp.	276,900		5,687,656
Suzuki Motor Corp.	376,800		11,914,484
Toyota Motor Corp.	238,600		15,382,776
			49,363,772
Household Durables - 2.6%
Iida Group Holdings Co. Ltd.	339,400		4,221,327
Rinnai Corp.	20,100		1,345,424
Sony Corp.	232,400		5,466,301
			11,033,052
Internet & Catalog Retail - 4.0%
Rakuten, Inc.	1,245,100		17,237,508
Leisure Products - 0.3%
Sega Sammy Holdings, Inc.	83,300		1,084,749
Multiline Retail - 1.6%
Don Quijote Holdings Co. Ltd.	65,100		4,739,772
Marui Group Co. Ltd.	223,700		2,325,271
			7,065,043
Textiles, Apparel & Luxury Goods - 2.4%
Japan Tobacco, Inc.	387,900		10,565,098
TOTAL CONSUMER DISCRETIONARY			113,610,439
CONSUMER STAPLES - 2.7%
Food & Staples Retailing - 2.7%
Seven & i Holdings Co., Ltd.	158,200		5,789,186
Sundrug Co. Ltd.	56,600		2,402,495
Tsuruha Holdings, Inc.	24,800		1,666,460
Welcia Holdings Co. Ltd.	45,700		1,682,170
			11,540,311
FINANCIALS - 16.5%
Banks - 3.7%
Mitsubishi UFJ Financial Group, Inc.	2,986,700		15,872,131
Capital Markets - 0.6%
Monex Group, Inc.	1,190,400		2,443,909
Consumer Finance - 1.5%
ACOM Co. Ltd. (a)(d)	2,413,300		6,565,221
Diversified Financial Services - 4.1%
Japan Exchange Group, Inc.	255,300		5,940,949
ORIX Corp.	1,021,800		11,741,319
			17,682,268

	Shares		Value
Insurance - 2.2%
Tokio Marine Holdings, Inc.	275,100		$ 9,604,347
Real Estate Investment Trusts - 0.4%
Sekisui House (REIT), Inc. (a)	1,502		1,814,423
Real Estate Management & Development - 4.0%
AEON MALL Co. Ltd.	282,700		4,686,485
Mitsui Fudosan Co. Ltd.	494,000		12,489,118
			17,175,603
TOTAL FINANCIALS			71,157,902
HEALTH CARE - 10.6%
Health Care Equipment & Supplies - 1.0%
Olympus Corp. (a)	126,200		4,364,507
Health Care Providers & Services - 3.7%
Message Co. Ltd. (d)	243,700		6,506,299
Miraca Holdings, Inc.	104,100		4,662,304
Ship Healthcare Holdings, Inc.	191,100		4,742,586
			15,911,189
Pharmaceuticals - 5.9%
Astellas Pharma, Inc.	1,633,900		25,236,190
TOTAL HEALTH CARE			45,511,886
INDUSTRIALS - 12.8%
Building Products - 0.6%
Toto Ltd.	235,000		2,594,242
Construction & Engineering - 1.4%
Toshiba Plant Systems & Services Corp.	386,100		5,918,065
Electrical Equipment - 1.7%
Mitsubishi Electric Corp.	641,000		7,413,635
Industrial Conglomerates - 1.2%
Toshiba Corp.	1,288,000		5,150,178
Machinery - 2.9%
Komatsu Ltd.	358,700		7,033,906
Makita Corp.	117,000		5,189,716
			12,223,622
Road & Rail - 4.2%
East Japan Railway Co.	234,900		18,143,236
Trading Companies & Distributors - 0.8%
Misumi Group, Inc.	96,100		3,589,663
TOTAL INDUSTRIALS			55,032,641
INFORMATION TECHNOLOGY - 15.7%
Electronic Equipment & Components - 10.5%
Azbil Corp.	207,200		5,148,279
Hitachi Ltd.	1,572,000		11,871,896
Hoya Corp.	452,700		17,543,300
OMRON Corp.	66,500		2,658,581
Shimadzu Corp.	792,000		8,228,755
			45,450,811
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Internet Software & Services - 3.2%
Kakaku.com, Inc.	617,000		$ 8,728,218
NAVER Corp.	7,649		4,918,228
			13,646,446
Semiconductors & Semiconductor Equipment - 0.1%
Sanken Electric Co. Ltd.	35,000		286,272
Technology Hardware, Storage & Peripherals - 1.9%
NEC Corp.	1,365,000		3,855,655
Samsung Electronics Co. Ltd.	3,718		4,578,677
			8,434,332
TOTAL INFORMATION TECHNOLOGY			67,817,861
MATERIALS - 3.8%
Chemicals - 3.2%
JSR Corp.	289,800		5,107,958
Shin-Etsu Chemical Co., Ltd.	132,600		8,780,003
			13,887,961
Metals & Mining - 0.6%
Kobe Steel Ltd.	806,000		1,413,570
Yamato Kogyo Co. Ltd.	38,500		990,832
			2,404,402
TOTAL MATERIALS			16,292,363
TELECOMMUNICATION SERVICES - 8.8%
Diversified Telecommunication Services - 1.3%
Nippon Telegraph & Telephone Corp.	95,800		5,670,094
Wireless Telecommunication Services - 7.5%
KDDI Corp.	246,000		17,364,885
SoftBank Corp.	252,100		14,836,513
			32,201,398
TOTAL TELECOMMUNICATION SERVICES			37,871,492

	Shares		Value
UTILITIES - 1.9%
Electric Utilities - 1.9%
Kansai Electric Power Co., Inc. (a)	867,400		$ 8,386,793
TOTAL COMMON STOCKS (Cost $434,522,015)		427,221,688
Money Market Funds - 2.7%

Fidelity Cash Central Fund, 0.13% (b)	2,868,665		2,868,665
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	8,887,676		8,887,676
TOTAL MONEY MARKET FUNDS (Cost $11,756,341)		11,756,341

TOTAL INVESTMENT PORTFOLIO - 101.8%

(Cost $446,278,356)

438,978,029

NET OTHER ASSETS (LIABILITIES) - (1.8)%			(7,753,239)
NET ASSETS - 100%		$ 431,224,790

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 669
Fidelity Securities Lending Cash Central Fund	12,055
Total	$ 12,724

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 113,610,439	$ -	$ 113,610,439	$ -
Consumer Staples	11,540,311	-	11,540,311	-
Financials	71,157,902	-	71,157,902	-
Health Care	45,511,886	-	45,511,886	-
Industrials	55,032,641	-	55,032,641	-
Information Technology	67,817,861	-	67,817,861	-
Materials	16,292,363	-	16,292,363	-
Telecommunication Services	37,871,492	-	37,871,492	-
Utilities	8,386,793	-	8,386,793	-
Money Market Funds	11,756,341	11,756,341	-	-
Total Investments in Securities:	$ 438,978,029	$ 11,756,341	$ 427,221,688	$ -

Transfers	Total
Level 1 to Level 2	$ 7,776,927
Level 2 to Level 1	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $449,970,332. Net unrealized depreciation aggregated $10,992,303, of which $29,731,703 related to appreciated investment securities and $40,724,006 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Japan Smaller Companies Fund

January 31, 2015

1.813017.110

JSC-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.5%
	Shares		Value
CONSUMER DISCRETIONARY - 21.4%
Auto Components - 3.5%
Bridgestone Corp.	93,600		$ 3,740,943
Kinugawa Rubber Industrial Co. Ltd.	1,177,000		5,274,400
NHK Spring Co. Ltd.	506,300		4,566,740
			13,582,083
Automobiles - 1.3%
Daihatsu Motor Co. Ltd.	354,300		4,940,530
Distributors - 1.7%
Central Automotive Products Ltd.	444,000		2,997,681
Chori Co. Ltd.	237,500		3,846,390
			6,844,071
Diversified Consumer Services - 1.1%
Asante, Inc.	398,000		4,309,230
Hotels, Restaurants & Leisure - 2.2%
Koshidaka Holdings Co. Ltd.	280,600		5,101,269
St. Marc Holdings Co. Ltd.	58,100		3,736,003
			8,837,272
Household Durables - 1.8%
Higashi Nihon House Co. Ltd.	1,159,600		5,064,221
Hoosiers Holdings Co. Ltd.	513,500		2,151,329
			7,215,550
Leisure Products - 0.7%
KAWAI Musical Instruments Manufacturing Co. Ltd.	135,800		2,681,827
Media - 2.4%
Daiichikosho Co. Ltd.	225,700		6,536,184
Proto Corp.	173,400		2,716,346
			9,252,530
Specialty Retail - 5.7%
Arc Land Sakamoto Co. Ltd.	159,500		2,975,145
Asahi Co. Ltd. (d)	360,400		3,526,453
Fuji Corp.	224,200		3,231,321
K's Denki Corp.	162,600		4,775,543
Nitori Holdings Co. Ltd.	69,900		3,952,112
VT Holdings Co. Ltd.	986,700		3,970,932
			22,431,506
Textiles, Apparel & Luxury Goods - 1.0%
Hagihara Industries, Inc.	93,200		1,542,070
Japan Tobacco, Inc.	83,100		2,263,366
			3,805,436
TOTAL CONSUMER DISCRETIONARY			83,900,035
CONSUMER STAPLES - 6.2%
Food & Staples Retailing - 3.7%
Kato Sangyo	255,800		4,689,989
Mitsubishi Shokuhin Co. Ltd.	130,700		2,901,162

	Shares		Value
San-A Co. Ltd.	116,600		$ 3,892,756
Sogo Medical Co. Ltd.	66,400		3,198,958
			14,682,865
Food Products - 2.5%
Kotobuki Spirits Co. Ltd.	202,500		4,670,613
Rokko Butter Co. Ltd.	229,100		2,066,687
Toyo Suisan Kaisha Ltd.	81,900		2,881,324
			9,618,624
TOTAL CONSUMER STAPLES			24,301,489
ENERGY - 1.8%
Energy Equipment & Services - 0.9%
Shinko Plantech Co. Ltd.	497,100		3,714,127
Oil, Gas & Consumable Fuels - 0.9%
San-Ai Oil Co. Ltd.	532,000		3,530,262
TOTAL ENERGY			7,244,389
FINANCIALS - 11.4%
Banks - 3.3%
Fukuoka Financial Group, Inc.	899,000		4,486,700
Shinsei Bank Ltd.	2,922,000		5,296,195
Sumitomo Mitsui Financial Group, Inc.	94,600		3,174,477
			12,957,372
Capital Markets - 1.6%
Aizawa Securities Co. Ltd.	603,800		3,021,004
Kyokuto Securities Co. Ltd.	210,400		3,030,435
			6,051,439
Consumer Finance - 0.8%
ACOM Co. Ltd. (a)	1,209,700		3,290,908
Diversified Financial Services - 1.6%
Fuyo General Lease Co. Ltd.	151,100		4,864,028
ORIX Corp.	130,000		1,493,807
			6,357,835
Insurance - 1.3%
Tokio Marine Holdings, Inc.	141,100		4,926,112
Real Estate Management & Development - 2.8%
Daito Trust Construction Co. Ltd.	52,300		5,821,763
Leopalace21 Corp. (a)	798,100		5,163,953
			10,985,716
TOTAL FINANCIALS			44,569,382
HEALTH CARE - 5.4%
Health Care Equipment & Supplies - 2.3%
Fukuda Denshi Co. Ltd.	71,600		3,554,913
Medikit Co. Ltd.	111,000		3,469,423
Paramount Bed Holdings Co. Ltd.	74,600		2,063,364
			9,087,700
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - 2.2%
A/S One Corp.	126,000		$ 3,371,092
Miraca Holdings, Inc.	118,100		5,289,319
			8,660,411
Pharmaceuticals - 0.9%
Astellas Pharma, Inc.	210,700		3,254,339
TOTAL HEALTH CARE			21,002,450
INDUSTRIALS - 23.1%
Building Products - 3.2%
Bunka Shutter Co. Ltd.	469,000		3,789,470
Sekisui Jushi Corp.	341,000		4,533,117
Sinko Industries Ltd.	362,200		4,199,180
			12,521,767
Commercial Services & Supplies - 1.7%
Aeon Delight Co. Ltd.	176,500		3,952,927
Asia Securities Printing Co. Ltd.	435,400		2,762,789
			6,715,716
Construction & Engineering - 2.8%
Hokuriku Electrical Construction Co. Ltd.	439,000		2,996,886
Nippon Koei Co. Ltd.	882,000		3,545,160
Toshiba Plant Systems & Services Corp.	300,700		4,609,070
			11,151,116
Electrical Equipment - 1.0%
Aichi Electric Co. Ltd.	326,000		1,283,052
Denyo Co. Ltd.	152,100		2,511,887
			3,794,939
Machinery - 4.9%
Daiwa Industries Ltd.	409,000		2,485,425
Hitachi Zosen Fukui Corp.	155,900		2,001,632
Kato Works Co. Ltd.	315,000		2,462,931
Komatsu Ltd.	250,400		4,910,204
Oiles Corp.	272,780		5,033,977
Sakai Heavy Industries Ltd.	823,000		2,152,106
			19,046,275
Professional Services - 3.5%
Eri Holdings Co. Ltd. (e)	452,300		3,756,036
Meitec Corp.	71,900		2,098,161
TFP Consulting Group Co. Ltd.	141,000		3,865,682
Weathernews, Inc.	156,600		3,966,832
			13,686,711
Trading Companies & Distributors - 4.9%
Daiichi Jitsugyo Co. Ltd.	518,000		2,675,327
JK Holdings Co. Ltd.	425,400		2,005,568
Maruka Machinery Co. Ltd. (d)	159,900		2,280,047
Mitani Shoji Co. Ltd.	256,000		5,889,000

	Shares		Value
Yamazen Co. Ltd.	555,400		$ 3,904,386
Yuasa Trading Co. Ltd.	110,000		2,263,516
			19,017,844
Transportation Infrastructure - 1.1%
Kamigumi Co. Ltd.	445,000		4,446,904
TOTAL INDUSTRIALS			90,381,272
INFORMATION TECHNOLOGY - 12.7%
Electronic Equipment & Components - 6.4%
Amano Corp.	485,000		5,154,952
Kanematsu Electric Ltd.	196,300		2,954,081
Macnica, Inc.	173,400		5,110,613
OMRON Corp.	103,000		4,117,802
Ryoyo Electro Corp.	358,600		3,731,664
Siix Corp.	181,300		3,892,124
			24,961,236
IT Services - 2.1%
CAC Corp.	377,200		3,614,036
Saison Information Systems Co. Ltd.	187,800		1,708,103
TKC Corp.	156,400		2,769,399
			8,091,538
Software - 3.2%
Broadleaf Co. Ltd.	333,900		5,153,547
Oracle Corp. Japan	79,800		3,317,686
SRA Holdings, Inc.	329,400		4,080,669
			12,551,902
Technology Hardware, Storage & Peripherals - 1.0%
Elecom Co. Ltd.	182,900		4,164,427
TOTAL INFORMATION TECHNOLOGY			49,769,103
MATERIALS - 9.2%
Chemicals - 9.2%
C. Uyemura & Co. Ltd.	85,600		4,338,966
JSR Corp.	354,000		6,239,535
Kuraray Co. Ltd.	505,500		6,347,505
Lintec Corp.	272,600		5,998,634
Sakata INX Corp.	409,400		4,331,211
SK Kaken Co. Ltd.	40,000		3,074,921
Tokyo Ohka Kogyo Co. Ltd.	166,000		5,708,165
			36,038,937
TELECOMMUNICATION SERVICES - 0.6%
Wireless Telecommunication Services - 0.6%
KDDI Corp.	32,900		2,322,377
UTILITIES - 3.7%
Electric Utilities - 2.0%
Hokuriku Electric Power Co., Inc.	253,400		3,581,084
The Okinawa Electric Power Co., Inc.	128,100		4,437,638
			8,018,722
Common Stocks - continued
	Shares		Value
UTILITIES - continued
Gas Utilities - 1.7%
Tokyo Gas Co. Ltd.	1,089,000		$ 6,496,016
TOTAL UTILITIES			14,514,738
TOTAL COMMON STOCKS (Cost $360,494,140)		374,044,172
Money Market Funds - 3.8%

Fidelity Cash Central Fund, 0.13% (b)	14,562,761		14,562,761
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	260,720		260,720
TOTAL MONEY MARKET FUNDS (Cost $14,823,481)		14,823,481

TOTAL INVESTMENT PORTFOLIO - 99.3%

(Cost $375,317,621)

388,867,653

NET OTHER ASSETS (LIABILITIES) - 0.7%			2,636,547
NET ASSETS - 100%		$ 391,504,200

Legend

(a) Non-income producing

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

(e) Affiliated company

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 Cash Central Fund	$ 2,447
Fidelity Securities Lending Cash Central Fund	4,624
Total	$ 7,071

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Eri Holdings Co. Ltd.	$ 4,702,074	$ -	$ -	$ 58,783	$ 3,756,036

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 83,900,035	$ -	$ 83,900,035	$ -
Consumer Staples	24,301,489	-	24,301,489	-
Energy	7,244,389	-	7,244,389	-
Financials	44,569,382	-	44,569,382	-
Health Care	21,002,450	-	21,002,450	-
Industrials	90,381,272	-	90,381,272	-
Information Technology	49,769,103	-	49,769,103	-
Materials	36,038,937	-	36,038,937	-
Telecommunication Services	2,322,377	-	2,322,377	-
Utilities	14,514,738	-	14,514,738	-
Money Market Funds	14,823,481	14,823,481	-	-
Total Investments in Securities:	$ 388,867,653	$ 14,823,481	$ 374,044,172	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $378,777,386. Net unrealized appreciation aggregated $10,090,267, of which $28,568,547 related to appreciated investment securities and $18,478,280 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Latin America Fund

January 31, 2015

1.813035.110

LAF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 72.1%
	Shares		Value
Belgium - 0.4%
Euronav NV (a)	152,900		$ 1,795,153
Euronav NV	128,200		1,538,400
TOTAL BELGIUM			3,333,553
Brazil - 20.8%
Banco Bradesco SA	292,400		3,650,573
BB Seguridade Participacoes SA	1,023,500		11,214,348
Brasil Brokers Participacoes SA	2,325,700		2,340,218
BTG Pactual Participations Ltd. unit	884,900		8,706,367
CCR SA	1,880,900		10,710,948
Cielo SA	844,200		12,584,739
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)	1,676,200		8,308,380
Cyrela Brazil Realty SA	478,500		1,927,731
Embraer SA	395,800		3,501,832
Estacio Participacoes SA	1,094,700		6,809,109
Fleury SA	1,169,400		6,036,035
Hypermarcas SA (a)	1,554,700		10,562,632
Industrias Romi SA	2,808,900		2,093,655
M. Dias Branco SA	299,900		9,254,345
MAHLE Metal Leve SA	196,000		1,460,915
Multiplus SA	838,600		10,860,468
Petroleo Brasileiro SA - Petrobras (ON)	2,425,228		7,266,872
QGEP Participacoes SA	2,268,400		4,818,738
Souza Cruz SA	1,752,600		14,689,639
Tegma Gestao Logistica SA	285,800		1,475,200
TIM Participacoes SA	1,788,795		7,893,164
Tractebel Energia SA	313,375		3,636,820
Vale SA	563,900		3,910,996
TOTAL BRAZIL			153,713,724
Canada - 0.2%
Rio Alto Mining Ltd. (a)	572,400		1,635,171
Chile - 10.7%
Aguas Andinas SA	9,816,128		5,654,987
Banco de Chile	68,264,691		7,520,558
Banco de Chile sponsored ADR (d)	72,837		4,788,304
CAP SA	98,863		241,860
Colbun SA	8,776,754		2,403,433
Compania Cervecerias Unidas SA	1,655,739		15,215,457
CorpBanca SA	828,252,911		9,150,810
Empresa Nacional de Telecomunicaciones SA (ENTEL)	1,318,615		12,487,279
Forus SA	600,674		2,180,735
Inversiones La Construccion SA	975,921		11,703,412
LATAM Airlines Group SA (a)	351,316		3,698,472
LATAM Airlines Group SA sponsored ADR (a)(d)	26,912		279,077
Sociedad Matriz SAAM SA	59,433,277		4,221,247
TOTAL CHILE			79,545,631

	Shares		Value
Colombia - 7.2%
BanColombia SA	440,537		$ 4,957,847
BanColombia SA sponsored ADR	27,700		1,281,679
Bolsa de Valores de Colombia	640,899,506		4,859,279
Cemex Latam Holdings SA (a)	707,206		4,411,342
Empresa de Telecomunicaciones de Bogota	38,213,250		7,047,526
Grupo Aval Acciones y Valores SA	4,245,295		2,166,144
Grupo de Inversiones Suramerica SA	996,646		14,459,536
Inversiones Argos SA	1,878,253		14,256,248
TOTAL COLOMBIA			53,439,601
Mexico - 25.7%
America Movil S.A.B. de CV:
Series L	7,064,800		7,555,205
Series L sponsored ADR	2,321,173		49,649,890
Consorcio ARA S.A.B. de CV (a)	25,539,905		11,006,891
Corporativo GBM S.A.B. de CV	106,754		105,404
Embotelladoras Arca S.A.B. de CV (a)	524,700		3,101,399
Fomento Economico Mexicano S.A.B. de CV sponsored ADR (a)	328,505		27,449,878
Gruma S.A.B. de CV Series B	241,109		2,611,592
Grupo Aeroportuario del Pacifico SA de CV:
Series B	43,100		284,947
sponsored ADR	117,200		7,783,252
Grupo Carso SA de CV Series A1	740,100		3,237,490
Grupo Financiero Inbursa S.A.B. de CV Series O	6,976,319		17,988,240
Grupo Financiero Santander Mexico S.A.B. de CV	4,665,155		9,878,383
Grupo Televisa SA de CV (CPO) sponsored ADR	283,700		9,251,457
Industrias Penoles SA de CV	506,693		10,001,690
Medica Sur SA de CV (a)	1,023,734		3,828,715
Megacable Holdings S.A.B. de CV unit (a)	1,927,429		7,037,472
Qualitas Controladora S.A.B. de CV (a)	2,837,000		5,628,765
Wal-Mart de Mexico SA de CV Series V	7,202,648		13,910,848
TOTAL MEXICO			190,311,518
Panama - 1.4%
Banco Latinoamericano de Comercio Exterior SA Series E	362,370		10,099,252
Peru - 3.6%
Alicorp SA Class C	4,319,086		9,800,081
Compania de Minas Buenaventura SA sponsored ADR	1,454,936		16,615,369
TOTAL PERU			26,415,450
Puerto Rico - 0.3%
EVERTEC, Inc.	104,874		2,103,772
Common Stocks - continued
	Shares		Value
Spain - 1.3%
Prosegur Compania de Seguridad SA (Reg.)	1,726,154		$ 9,616,231
United States of America - 0.5%
First Cash Financial Services, Inc. (a)	68,066		3,384,242
TOTAL COMMON STOCKS (Cost $550,414,536)		533,598,145
Nonconvertible Preferred Stocks - 27.1%

Brazil - 26.2%
Ambev SA sponsored ADR (d)	7,028,847		46,249,813
Banco Bradesco SA (PN)	1,737,217		21,837,820
Companhia Brasileira de Distribuicao Grupo Pao de Acucar:
(PN)	333,025		11,058,428
sponsored ADR	169,470		5,560,311
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) sponsored ADR	471,400		2,291,004
Embraer SA sponsored ADR	278,234		9,810,531
Itau Unibanco Holding SA	4,208,705		51,603,988
Itausa-Investimentos Itau SA (PN)	4,064,393		13,844,611
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.)	5,166,571		15,750,508
Telefonica Brasil SA	201,513		3,739,997
Telefonica Brasil SA sponsored ADR	114,900		2,118,756
TIM Participacoes SA sponsored ADR	95,600		2,109,892
Vale SA (PN-A)	1,222,300		7,539,016
TOTAL BRAZIL			193,514,675
Chile - 0.4%
Embotelladora Andina SA Class A	1,336,888		3,165,081

	Shares		Value
Colombia - 0.5%
Grupo Aval Acciones y Valores SA	2,897,449		$ 1,525,911
Grupo de Inversiones Suramerica SA	163,024		2,325,096
TOTAL COLOMBIA			3,851,007
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $137,284,247)		200,530,763
Money Market Funds - 1.1%

Fidelity Cash Central Fund, 0.13% (b)	2,670,737		2,670,737
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	5,218,600		5,218,600
TOTAL MONEY MARKET FUNDS (Cost $7,889,337)		7,889,337
TOTAL INVESTMENT PORTFOLIO - 100.3% (Cost $695,588,120)			742,018,245
NET OTHER ASSETS (LIABILITIES) - (0.3)%			(2,165,821)
NET ASSETS - 100%		$ 739,852,424

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 1,196
Fidelity Securities Lending Cash Central Fund	16,168
Total	$ 17,364

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, please refer to the Investment Valuation section at the end of this listing.

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $696,521,588. Net unrealized appreciation aggregated $45,496,657, of which $195,916,537 related to appreciated investment securities and $150,419,880 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Nordic Fund

January 31, 2015

1.813058.110

NOR-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.6%
	Shares		Value
Bermuda - 1.0%
Vostok Nafta Investment Ltd. SDR (a)(d)	1,095,440		$ 4,435,141
Denmark - 21.1%
Alm Brand A/S (a)	9,889		102,722
Carlsberg A/S Series B	259,800		19,135,288
DSV de Sammensluttede Vognmaend A/S	540,900		17,069,336
Novo Nordisk A/S Series B	693,705		30,918,922
Topdanmark A/S (a)	431,700		14,475,555
William Demant Holding A/S (a)	134,700		10,225,978
TOTAL DENMARK			91,927,801
Finland - 19.0%
Huhtamaki Oyj	334,800		9,189,490
Kesko Oyj	510,600		18,676,778
Lassila & Tikahoja Oyj	580,000		11,626,796
Sampo Oyj (A Shares)	388,600		18,846,945
Tikkurila Oyj	129,900		2,348,592
Vaisala Oyj	256,300		6,551,182
Valmet Corp.	1,173,785		15,120,698
TOTAL FINLAND			82,360,481
Malta - 5.5%
Kambi Group PLC (a)(d)(e)	1,492,861		14,073,041
Unibet Group PLC unit	162,461		9,670,064
TOTAL MALTA			23,743,105
Norway - 1.6%
Zalaris ASA (A Shares) (e)	1,823,800		7,058,287
Sweden - 47.4%
AddTech AB (B Shares)	647,000		9,187,897
CDON Group AB (a)(d)	1,426,436		2,758,330
East Capital Explorer AB (a)	1,005,000		5,562,955
Elekta AB (B Shares) (d)	1,189,800		12,769,118
Getinge AB (B Shares)	668,300		16,501,135
H&M Hennes & Mauritz AB (B Shares)	492,576		20,300,261
Hemfosa Fastigheter AB (a)	910,142		19,579,570
Kungsleden AB	687,600		5,276,957
Lifco AB (a)	156,400		2,565,019
Meda AB (A Shares)	1,119,800		15,793,752
Nordea Bank AB	1,231,995		15,678,745

	Shares		Value
SKF AB (B Shares)	714,600		$ 16,884,327
Svenska Cellulosa AB (SCA) (B Shares)	590,300		14,282,717
Svenska Handelsbanken AB (A Shares)	458,100		21,747,321
Systemair AB (d)	559,000		6,823,500
Thule Group AB (a)	685,000		7,575,053
Vitrolife AB	597,900		12,754,025
TOTAL SWEDEN			206,040,682
United Kingdom - 3.0%
G4S PLC (United Kingdom)	3,047,700		13,091,951
TOTAL COMMON STOCKS (Cost $418,589,869)		428,657,448
Money Market Funds - 3.5%

Fidelity Cash Central Fund, 0.13% (b)	2,668,635		2,668,635
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	12,753,883		12,753,883
TOTAL MONEY MARKET FUNDS (Cost $15,422,518)		15,422,518
TOTAL INVESTMENT PORTFOLIO - 102.3% (Cost $434,012,387)			444,079,966
NET OTHER ASSETS (LIABILITIES) - (2.1)%			(9,174,882)
NET ASSETS - 100%		$ 434,905,084

Legend

(a) Non-income producing

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

(e) Affiliated company

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 Cash Central Fund	$ 3,568
Fidelity Securities Lending Cash Central Fund	44,638
Total	$ 48,206

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Kambi Group PLC	$ 14,369,373	$ -	$ 113,511	$ -	$ 14,073,041
Zalaris ASA (A Shares)	8,355,202	-	-	-	7,058,287
Total	$ 22,724,575	$ -	$ 113,511	$ -	$ 21,131,328

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 54,376,749	$ 54,376,749	$ -	$ -
Consumer Staples	52,094,783	52,094,783	-	-
Financials	105,705,911	105,705,911	-	-
Health Care	101,527,949	70,609,027	30,918,922	-
Industrials	96,862,792	96,862,792	-	-
Information Technology	6,551,182	6,551,182	-	-
Materials	11,538,082	11,538,082	-	-
Money Market Funds	15,422,518	15,422,518	-	-
Total Investments in Securities:	$ 444,079,966	$ 413,161,044	$ 30,918,922	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $436,823,161. Net unrealized appreciation aggregated $7,256,805, of which $39,370,085 related to appreciated investment securities and $32,113,280 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Overseas Fund

January 31, 2015

1.813070.110

OVE-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.3%
	Shares		Value
Australia - 2.7%
Ansell Ltd.	516,634		$ 9,068,335
Asaleo Care Ltd. (a)	6,440,308		8,228,569
Austbrokers Holdings Ltd.	308,484		2,122,850
Australia & New Zealand Banking Group Ltd.	1,343,842		34,304,915
Flight Centre Travel Group Ltd. (d)	576,492		16,828,519
Life Healthcare Group Ltd.	1,346,638		2,645,717
Spotless Group Holdings Ltd. (d)	12,024,916		17,357,864
TOTAL AUSTRALIA			90,556,769
Austria - 0.4%
Andritz AG	285,300		15,474,672
Bailiwick of Jersey - 3.7%
Delphi Automotive PLC	228,100		15,677,313
Experian PLC	1,507,700		26,637,631
Regus PLC	5,032,870		15,312,628
Shire PLC	362,200		26,436,205
WPP PLC	1,795,833		39,491,388
TOTAL BAILIWICK OF JERSEY			123,555,165
Belgium - 2.5%
Anheuser-Busch InBev SA NV	412,412		50,300,311
KBC Groupe SA (a)	665,374		35,875,602
TOTAL BELGIUM			86,175,913
Canada - 0.9%
CGI Group, Inc. Class A (sub. vtg.) (a)	260,300		10,314,083
Constellation Software, Inc.	70,400		19,506,678
TOTAL CANADA			29,820,761
Cayman Islands - 0.8%
Lifestyle International Holdings Ltd.	5,203,500		10,186,333
Shenzhou International Group Holdings Ltd.	4,292,000		15,595,093
TOTAL CAYMAN ISLANDS			25,781,426
Denmark - 0.4%
Vestas Wind Systems A/S (a)	318,500		12,503,284
France - 6.1%
ALTEN	270,300		11,347,059
AXA SA	1,116,000		26,299,823
BIC SA	127,000		18,082,260
Christian Dior SA	118,597		20,571,243
Kering SA (d)	89,600		18,163,891
Sanofi SA	557,454		51,363,761
Sodexo SA (d)	200,900		20,007,008
Total SA	768,400		39,442,439
TOTAL FRANCE			205,277,484
Germany - 6.7%
adidas AG	321,700		22,243,850
Bayer AG	440,197		63,694,965
CompuGroup Medical AG	462,500		11,973,339

	Shares		Value
Continental AG	99,100		$ 22,474,988
Deutsche Post AG	986,395		32,067,800
Fresenius SE & Co. KGaA	656,100		37,633,109
GEA Group AG	436,410		19,846,552
Gerry Weber International AG (Bearer)	417,100		16,145,169
TOTAL GERMANY			226,079,772
Ireland - 2.8%
Accenture PLC Class A	182,900		15,369,087
Actavis PLC (a)	79,600		21,216,584
DCC PLC (United Kingdom)	307,600		16,345,475
Kerry Group PLC Class A	390,664		28,349,940
United Drug PLC (United Kingdom)	2,088,200		12,294,770
TOTAL IRELAND			93,575,856
Israel - 1.2%
Frutarom Industries Ltd.	322,272		10,090,853
Teva Pharmaceutical Industries Ltd. sponsored ADR	526,100		29,914,046
TOTAL ISRAEL			40,004,899
Italy - 1.5%
Mediaset SpA (a)	3,123,400		14,237,769
Pirelli & C. SpA	1,333,000		18,949,128
World Duty Free SpA (a)(d)	1,542,136		17,025,336
TOTAL ITALY			50,212,233
Japan - 17.7%
ACOM Co. Ltd. (a)(d)	2,790,000		7,590,008
Arc Land Sakamoto Co. Ltd.	472,300		8,809,786
Astellas Pharma, Inc.	2,305,400		35,607,753
Broadleaf Co. Ltd.	550,400		8,495,095
Daikin Industries Ltd.	296,000		20,597,454
Dentsu, Inc.	471,900		19,381,180
Don Quijote Holdings Co. Ltd.	259,200		18,871,720
Fukuda Denshi Co. Ltd.	131,500		6,528,925
GMO Internet, Inc.	1,718,900		14,192,396
Honda Motor Co. Ltd. sponsored ADR	423,600		12,801,192
Hoya Corp.	850,400		32,955,208
Japan Tobacco, Inc.	950,400		25,885,717
KDDI Corp.	427,200		30,155,604
Keyence Corp.	49,190		22,993,213
Leopalace21 Corp. (a)	1,237,900		8,009,594
Makita Corp.	265,800		11,789,971
Meitec Corp.	382,300		11,156,144
Miraca Holdings, Inc.	377,700		16,915,968
Misumi Group, Inc.	462,900		17,290,896
Nakanishi, Inc.	359,900		13,175,962
NGK Spark Plug Co. Ltd.	949,300		28,141,897
Nitori Holdings Co. Ltd.	216,600		12,246,460
OBIC Co. Ltd.	477,300		16,010,915
Olympus Corp. (a)	649,000		22,445,049
OMRON Corp.	576,300		23,039,703
ORIX Corp.	2,160,500		24,825,915
Common Stocks - continued
	Shares		Value
Japan - continued
Seven Bank Ltd.	4,318,200		$ 19,327,242
Shinsei Bank Ltd.	8,485,000		15,379,264
Ship Healthcare Holdings, Inc.	554,600		13,763,674
SoftBank Corp.	406,100		23,899,675
Software Service, Inc.	108,400		3,676,201
Sundrug Co. Ltd.	340,700		14,461,661
Tsuruha Holdings, Inc.	365,000		24,526,531
VT Holdings Co. Ltd.	2,992,200		12,041,980
TOTAL JAPAN			596,989,953
Luxembourg - 1.5%
Altice SA	280,329		23,472,788
Eurofins Scientific SA	52,159		13,467,715
Grand City Properties SA (a)(d)	818,700		13,414,400
TOTAL LUXEMBOURG			50,354,903
Netherlands - 2.0%
Arcadis NV	439,800		13,395,934
IMCD Group BV	788,100		25,024,539
ING Groep NV (Certificaten Van Aandelen) (a)	2,253,800		28,020,171
TOTAL NETHERLANDS			66,440,644
New Zealand - 0.4%
EBOS Group Ltd.	1,913,519		13,156,108
Norway - 0.5%
Telenor ASA	821,400		17,680,635
South Africa - 0.2%
EOH Holdings Ltd.	715,781		7,406,508
Spain - 1.3%
Amadeus IT Holding SA Class A	868,800		34,940,269
Criteria CaixaCorp SA	2,480,141		10,829,089
TOTAL SPAIN			45,769,358
Sweden - 4.6%
Alfa Laval AB	762,900		14,180,709
HEXPOL AB (B Shares)	199,500		20,048,373
Lifco AB (a)	178,886		2,933,798
Meda AB (A Shares) (d)	931,330		13,135,555
Nordea Bank AB	3,192,200		40,624,914
Svenska Cellulosa AB (SCA) (B Shares)	916,700		22,180,191
Svenska Handelsbanken AB (A Shares)	451,800		21,448,242
Swedbank AB (A Shares)	801,900		19,441,292
TOTAL SWEDEN			153,993,074
Switzerland - 7.7%
Aryzta AG	267,951		20,179,494
Clariant AG (Reg.)	1,052,180		16,959,556
Nestle SA	1,123,314		85,788,584
Roche Holding AG (participation certificate)	274,305		73,929,980

	Shares		Value
Syngenta AG (Switzerland)	83,269		$ 27,123,532
UBS Group AG	2,115,146		35,452,077
TOTAL SWITZERLAND			259,433,223
Taiwan - 0.4%
King's Town Bank	1,061,000		1,111,692
St.Shine Optical Co. Ltd.	853,000		13,317,160
TOTAL TAIWAN			14,428,852
United Kingdom - 25.2%
Aberdeen Asset Management PLC	2,839,100		18,717,157
Barclays PLC	7,214,008		25,335,803
BG Group PLC	1,851,300		24,692,392
Brit PLC	3,726,900		15,358,418
British American Tobacco PLC (United Kingdom)	733,500		41,381,152
BT Group PLC	5,667,700		35,557,150
Capita Group PLC	1,152,800		19,412,364
Cineworld Group PLC	2,778,900		17,788,712
Close Brothers Group PLC	770,600		17,653,908
Dechra Pharmaceuticals PLC	455,395		5,933,173
Diageo PLC	1,433,885		42,443,883
Diploma PLC	1,681,725		19,162,253
Domino Printing Sciences PLC	1,448,514		14,890,456
Elementis PLC	3,468,800		14,441,089
Essentra PLC	1,429,700		17,873,337
Exova Group Ltd. PLC (a)	5,083,535		11,485,231
Hilton Food Group PLC	1,120,800		6,634,425
Howden Joinery Group PLC	3,310,400		21,186,043
IMI PLC	912,099		17,529,733
Indivior PLC (a)	442,700		1,160,223
Intertek Group PLC	508,500		17,562,149
ITV PLC	6,516,400		21,593,004
Johnson Matthey PLC	406,400		19,961,223
Lloyds Banking Group PLC (a)	34,335,100		38,036,926
London Stock Exchange Group PLC	943,745		33,617,735
Melrose PLC	4,222,600		16,854,212
Next PLC	244,900		26,687,627
Provident Financial PLC	476,700		18,933,806
Prudential PLC	1,905,048		46,312,465
Reckitt Benckiser Group PLC	442,700		37,467,851
Rio Tinto PLC	797,700		35,053,312
Rolls-Royce Group PLC	1,187,666		15,947,710
Schroders PLC	509,800		22,252,605
Senior Engineering Group PLC	3,334,000		15,547,093
Spectris PLC	466,800		14,694,668
Spirax-Sarco Engineering PLC	341,807		15,702,306
St. James's Place Capital PLC	2,571,505		33,232,063
The Restaurant Group PLC	1,547,700		16,772,594
Vodafone Group PLC	4,465,432		15,702,599
TOTAL UNITED KINGDOM			850,568,850
Common Stocks - continued
	Shares		Value
United States of America - 4.1%
Cognizant Technology Solutions Corp. Class A (a)	315,100		$ 17,056,363
Fidelity National Information Services, Inc.	358,300		22,368,669
FMC Corp.	312,100		17,945,750
Google, Inc. Class C (a)	34,100		18,227,132
McGraw Hill Financial, Inc.	280,100		25,052,144
MSCI, Inc. Class A	309,700		16,668,054
Total System Services, Inc.	588,600		20,818,782
TOTAL UNITED STATES OF AMERICA			138,136,894
TOTAL COMMON STOCKS (Cost $2,854,976,250)		3,213,377,236
Nonconvertible Preferred Stocks - 2.4%

Germany - 2.4%
Henkel AG & Co. KGaA	321,800		36,945,214
Sartorius AG (non-vtg.)	110,094		14,120,106
Volkswagen AG	137,568		30,826,100
TOTAL GERMANY			81,891,420
United Kingdom - 0.0%
Rolls-Royce Group PLC (C Shares)	277,614,784		418,143
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $65,532,512)		82,309,563
Money Market Funds - 4.2%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	74,266,053		$ 74,266,053
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	65,427,901		65,427,901
TOTAL MONEY MARKET FUNDS (Cost $139,693,954)		139,693,954
TOTAL INVESTMENT PORTFOLIO - 101.9% (Cost $3,060,202,716)			3,435,380,753
NET OTHER ASSETS (LIABILITIES) - (1.9)%			(63,825,011)
NET ASSETS - 100%		$ 3,371,555,742

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 32,951
Fidelity Securities Lending Cash Central Fund	178,677
Total	$ 211,628

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 564,103,828	$ 356,623,755	$ 207,480,073	$ -
Consumer Staples	418,887,806	114,289,264	304,598,542	-
Energy	64,134,831	-	64,134,831	-
Financials	655,248,174	404,871,329	250,376,845	-
Health Care	529,508,181	240,633,491	288,874,690	-
Industrials	411,660,468	333,468,139	78,192,329	-
Information Technology	324,626,284	199,533,246	125,093,038	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Materials	$ 204,521,564	$ 142,344,720	$ 62,176,844	$ -
Telecommunication Services	122,995,663	17,680,635	105,315,028	-
Money Market Funds	139,693,954	139,693,954	-	-
Total Investments in Securities:	$ 3,435,380,753	$ 1,949,138,533	$ 1,486,242,220	$ -

Transfers	Total
Level 1 to Level 2	$ 43,457,640
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $3,061,650,042. Net unrealized appreciation aggregated $373,730,711, of which $517,340,256 related to appreciated investment securities and $143,609,545 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Pacific Basin Fund

January 31, 2015

1.813019.110

PAF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.2%
	Shares		Value
Australia - 15.0%
Amcor Ltd.	940,139		$ 9,291,607
Ansell Ltd.	335,997		5,897,663
ARB Corp. Ltd. (d)	289,695		2,596,201
Australia & New Zealand Banking Group Ltd.	409,926		10,464,382
Commonwealth Bank of Australia	238,278		16,475,753
CSL Ltd.	141,339		9,618,621
DuluxGroup Ltd.	1,359,961		6,299,552
Invocare Ltd.	319,066		3,220,008
Magellan Financial Group Ltd. (d)	251,802		3,709,391
Slater & Gordon Ltd.	771,786		3,960,910
Sydney Airport unit	1,171,376		4,526,455
Transurban Group unit	1,075,625		7,692,448
Woodside Petroleum Ltd. (d)	239,648		6,364,811
Woolworths Ltd.	327,887		8,068,887
TOTAL AUSTRALIA			98,186,689
Bermuda - 3.5%
Brilliance China Automotive Holdings Ltd.	1,820,000		3,338,284
Cheung Kong Infrastructure Holdings Ltd.	1,123,000		9,216,763
Hongkong Land Holdings Ltd.	686,800		5,085,799
PAX Global Technology Ltd. (a)(d)	5,262,000		4,926,969
TOTAL BERMUDA			22,567,815
Cayman Islands - 5.6%
21Vianet Group, Inc. ADR (a)(d)	150,900		2,497,395
Alibaba Group Holding Ltd. sponsored ADR	55,600		4,952,848
Best Pacific International Holdings Ltd.	5,884,000		2,919,145
China High Precision Automation Group Ltd. (a)	1,875,000		72,559
China Metal Recycling (Holdings) Ltd. (a)	2,572,200		3
ENN Energy Holdings Ltd.	746,000		4,409,801
Greatview Aseptic Pack Co. Ltd.	6,257,000		2,852,236
International Housewares Retail Co. Ltd.	10,816,000		2,726,313
Sands China Ltd.	911,600		4,437,986
Sino Biopharmaceutical Ltd.	5,680,000		5,674,268
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	156,500		6,275,650
TOTAL CAYMAN ISLANDS			36,818,204
China - 3.9%
Industrial & Commercial Bank of China Ltd. (H Shares)	14,414,000		10,279,019
Jiangsu Hengrui Medicine Co. Ltd.	629,001		4,068,381
Kweichow Moutai Co. Ltd.	68,800		1,936,745
Tsingtao Brewery Co. Ltd. (H Shares)	814,000		5,447,618
Weifu High-Technology Co. Ltd. (B Shares)	956,632		3,495,585
TOTAL CHINA			25,227,348

	Shares		Value
Hong Kong - 5.8%
AIA Group Ltd.	2,086,400		$ 12,111,426
Galaxy Entertainment Group Ltd.	703,000		3,671,896
Hong Kong Exchanges and Clearing Ltd.	274,600		6,319,960
Lenovo Group Ltd.	4,242,000		5,461,976
Magnificent Estates Ltd. (a)	90,048,000		3,940,974
Techtronic Industries Co. Ltd.	2,025,000		6,613,180
TOTAL HONG KONG			38,119,412
India - 6.7%
Asian Paints India Ltd.	433,057		5,980,608
Bharti Infratel Ltd.	1,390,640		8,091,993
Britannia Industries Ltd. (a)	151,703		4,612,387
Housing Development Finance Corp. Ltd.	229,506		4,657,338
Lupin Ltd.	197,296		5,162,967
Page Industries Ltd.	26,162		4,965,113
Petronet LNG Ltd. (a)	1,555,135		4,505,712
Sun Pharmaceutical Industries Ltd. (a)	387,055		5,717,932
TOTAL INDIA			43,694,050
Indonesia - 2.4%
PT Bank Central Asia Tbk	9,814,800		10,305,143
PT Gudang Garam Tbk	1,247,400		5,671,400
TOTAL INDONESIA			15,976,543
Israel - 0.6%
Sarine Technologies Ltd.	2,164,100		4,164,865
Italy - 0.3%
Prada SpA	362,500		2,128,344
Japan - 33.0%
ACOM Co. Ltd. (a)(d)	813,800		2,213,888
Arcland Service Co. Ltd.	9,500		321,428
Asahi Group Holdings	217,200		7,125,638
Astellas Pharma, Inc.	760,500		11,746,203
Broadleaf Co. Ltd.	157,200		2,426,288
Calbee, Inc.	164,700		6,431,526
Century Tokyo Leasing Corp.	116,600		2,756,773
Coca-Cola Central Japan Co. Ltd.	114,000		1,898,097
Create SD Holdings Co. Ltd.	70,600		2,398,755
Daito Trust Construction Co. Ltd.	43,900		4,886,719
East Japan Railway Co.	93,800		7,244,936
Fuji Heavy Industries Ltd.	205,300		7,404,620
Hamakyorex Co. Ltd.	81,100		2,867,137
Harmonic Drive Systems, Inc. (d)	392,400		6,218,152
Hitachi Capital Corp.	134,900		2,652,234
Hoya Corp.	209,400		8,114,794
Japan Exchange Group, Inc.	111,000		2,583,021
Japan Tobacco, Inc.	290,600		7,914,972
KDDI Corp.	130,700		9,225,977
Keyence Corp.	16,500		7,712,706
Miraca Holdings, Inc.	147,500		6,606,050
Misumi Group, Inc.	100,300		3,746,547
Mitsubishi Pencil Co. Ltd.	102,800		3,036,607
Common Stocks - continued
	Shares		Value
Japan - continued
Mitsui Fudosan Co. Ltd.	223,000		$ 5,637,800
Nakanishi, Inc.	123,200		4,510,360
Nihon M&A Center, Inc.	154,800		5,372,526
Nihon Parkerizing Co. Ltd.	120,200		2,865,662
Nippon Seiki Co. Ltd.	214,000		4,839,575
Nitori Holdings Co. Ltd.	152,900		8,644,892
Obara Group, Inc.	78,600		3,922,851
OMRON Corp.	91,800		3,670,041
ORIX Corp.	527,400		6,060,258
Pigeon Corp.	82,700		5,163,655
Rakuten, Inc.	457,800		6,337,910
Seven Bank Ltd.	2,058,500		9,213,359
Ship Healthcare Holdings, Inc.	116,600		2,893,697
SK Kaken Co. Ltd.	51,000		3,920,525
SoftBank Corp.	181,300		10,669,813
Sony Financial Holdings, Inc.	253,700		3,525,927
Sundrug Co. Ltd.	105,000		4,456,925
Toshiba Plant Systems & Services Corp.	244,000		3,739,984
VT Holdings Co. Ltd.	572,200		2,302,794
TOTAL JAPAN			215,281,622
Korea (South) - 7.3%
Hyundai Motor Co.	31,126		4,745,385
KEPCO Plant Service & Engineering Co. Ltd.	84,765		6,772,596
LG Household & Health Care Ltd.	7,934		4,930,820
Medy-Tox, Inc.	16,881		5,626,923
NAVER Corp.	9,923		6,380,386
Samsung Electronics Co. Ltd.	15,547		19,145,967
TOTAL KOREA (SOUTH)			47,602,077
Malaysia - 0.8%
Bursa Malaysia Bhd	1,145,100		2,579,855
Tune Insurance Holdings Bhd	5,540,300		2,756,010
TOTAL MALAYSIA			5,335,865
New Zealand - 0.6%
EBOS Group Ltd.	566,591		3,895,510
Singapore - 3.2%
Ezion Holdings Ltd.	2,670,000		2,503,290
Global Logistic Properties Ltd.	2,154,000		4,018,913
Parkway Life REIT	2,396,000		4,273,746
United Overseas Bank Ltd.	572,000		9,781,646
TOTAL SINGAPORE			20,577,595
South Africa - 2.1%
Naspers Ltd. Class N	93,700		13,517,340
Taiwan - 5.6%
CTCI Corp.	1,631,000		2,558,730
eMemory Technology, Inc.	162,000		1,667,791
King Slide Works Co. Ltd.	402,000		5,751,539
Lung Yen Life Service Co. Ltd.	1,305,000		3,460,350

	Shares		Value
Merida Industry Co. Ltd.	855,750		$ 5,868,456
Taiwan Semiconductor Manufacturing Co. Ltd.	4,007,000		17,494,452
TOTAL TAIWAN			36,801,318
Thailand - 0.7%
Thai Beverage PCL	8,383,000		4,466,958
United Kingdom - 1.2%
Kweichow Moutai Co. Ltd. (A Shares) ELS (UBS Warrant Programme) warrants 7/9/15 (a)(e)	152,127		4,282,430
Standard Chartered PLC (Hong Kong)	282,000		3,792,859
TOTAL UNITED KINGDOM			8,075,289
United States of America - 0.9%
GI Dynamics, Inc. CDI (a)	5,561,289		1,226,197
Yum! Brands, Inc.	59,800		4,322,344
TOTAL UNITED STATES OF AMERICA			5,548,541
TOTAL COMMON STOCKS (Cost $564,516,618)		647,985,385
Money Market Funds - 2.5%

Fidelity Cash Central Fund, 0.13% (b)	4,973,594		4,973,594
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	11,401,775		11,401,775
TOTAL MONEY MARKET FUNDS (Cost $16,375,369)		16,375,369

TOTAL INVESTMENT PORTFOLIO - 101.7%

(Cost $580,891,987)

664,360,754

NET OTHER ASSETS (LIABILITIES) - (1.7)%			(11,421,435)
NET ASSETS - 100%		$ 652,939,319

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 1,131
Fidelity Securities Lending Cash Central Fund	35,986
Total	$ 37,117

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 117,694,005	$ 4,322,344	$ 113,371,661	$ -
Consumer Staples	62,609,411	-	62,609,411	-
Energy	13,373,813	-	13,373,813	-
Financials	150,423,649	-	150,423,649	-
Health Care	78,920,422	10,171,160	68,749,262	-
Industrials	67,615,373	-	67,615,373	-
Information Technology	84,524,172	7,450,243	77,001,370	72,559
Materials	31,210,193	-	31,210,190	3
Telecommunication Services	27,987,783	-	27,987,783	-
Utilities	13,626,564	-	13,626,564	-
Money Market Funds	16,375,369	16,375,369	-	-
Total Investments in Securities:	$ 664,360,754	$ 38,319,116	$ 625,969,076	$ 72,562

Transfers	Total
Level 1 to Level 2	$ 46,467,466
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $589,051,679. Net unrealized appreciation aggregated $75,309,075, of which $119,610,777 related to appreciated investment securities and $44,301,702 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series
Emerging Markets Fund

January 31, 2015

1.873105.106

ILF-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 89.8%
	Shares		Value
Argentina - 0.5%
Grupo Financiero Galicia SA sponsored ADR (d)	1,180,600		$ 19,314,616
YPF SA Class D sponsored ADR	1,285,400		30,142,630
TOTAL ARGENTINA			49,457,246
Bermuda - 1.9%
Aquarius Platinum Ltd. (Australia) (a)(e)	79,838,411		17,117,320
Credicorp Ltd. (United States)	297,900		42,933,348
GP Investments Ltd. Class A (depositary receipt) (a)(e)	11,529,837		23,203,622
Shangri-La Asia Ltd.	24,724,000		32,094,751
Yue Yuen Industrial (Holdings) Ltd.	20,680,500		76,953,546
TOTAL BERMUDA			192,302,587
Brazil - 1.8%
BR Properties SA	69,600		231,114
Cielo SA	2,667,049		39,758,487
Companhia de Saneamento de Minas Gerais	1,248,400		7,909,364
Cosan SA Industria e Comercio	1,092,500		9,987,524
Fibria Celulose SA (a)	4,178,800		50,302,894
Minerva SA (a)(e)	10,535,400		33,884,469
Smiles SA	2,285,600		35,988,670
T4F Entretenimento SA (a)(e)	4,134,345		3,713,322
TOTAL BRAZIL			181,775,844
British Virgin Islands - 0.1%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	409,260		5,893,344
Canada - 0.7%
Goldcorp, Inc.	1,532,600		37,015,420
Pan American Silver Corp.	2,620,500		30,555,030
Torex Gold Resources, Inc. (a)	8,724,400		9,955,442
TOTAL CANADA			77,525,892
Cayman Islands - 6.7%
58.com, Inc. ADR (a)(d)	646,207		24,859,583
Alibaba Group Holding Ltd. sponsored ADR	182,700		16,274,916
China Lodging Group Ltd. ADR (a)	1,609,700		34,930,490
China ZhengTong Auto Services Holdings Ltd.	71,378,800		35,730,454
Cimc Enric Holdings Ltd.	6,894,000		5,308,818
Eurasia Drilling Co. Ltd. GDR (Reg. S)	1,055,209		20,048,971
Haitian International Holdings Ltd.	9,538,000		18,492,144
Hengan International Group Co. Ltd.	4,844,000		57,498,855
Leju Holdings Ltd. ADR (d)	1,548,459		15,763,313
Shenzhou International Group Holdings Ltd.	11,311,000		41,098,810
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
SINA Corp. (a)	461,800		$ 16,726,396
Tencent Holdings Ltd.	13,536,600		228,315,829
Tingyi (Cayman Islands) Holding Corp.	44,076,000		108,564,508
Uni-President China Holdings Ltd.	62,621,000		53,687,836
Yingde Gases Group Co. Ltd.	20,831,500		14,036,513
TOTAL CAYMAN ISLANDS			691,337,436
Chile - 1.4%
Empresa Nacional de Electricidad SA	18,237,513		26,145,290
Enersis SA	62,307,610		19,228,838
Inversiones La Construccion SA	2,127,535		25,513,765
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR (d)	1,226,800		29,271,448
Vina Concha y Toro SA	24,267,092		44,238,283
TOTAL CHILE			144,397,624
China - 10.7%
Anhui Conch Cement Co. Ltd. (H Shares)	8,466,500		28,342,245
Baoshan Iron & Steel Co. Ltd.	22,697,741		21,420,930
BBMG Corp. (H Shares)	49,447,000		43,272,848
China Life Insurance Co. Ltd. (H Shares)	41,814,300		162,034,298
China Pacific Insurance Group Co. Ltd. (H Shares)	20,070,800		96,455,501
China Shenhua Energy Co. Ltd. (H Shares)	13,389,000		36,753,280
China Suntien Green Energy Corp. Ltd. (H Shares)	60,526,000		13,541,490
China Telecom Corp. Ltd. (H Shares)	119,379,582		70,599,425
Daqin Railway Co. Ltd. (A Shares)	25,458,363		42,956,038
Industrial & Commercial Bank of China Ltd. (H Shares)	324,338,400		231,294,609
Kweichow Moutai Co. Ltd.	2,110,200		59,402,886
Maanshan Iron & Steel Ltd. (H Shares) (a)	56,056,000		15,227,680
PetroChina Co. Ltd. (H Shares)	96,132,000		104,389,870
PICC Property & Casualty Co. Ltd. (H Shares)	50,897,861		99,267,267
Qingdao Haier Co. Ltd.	15,197,044		48,169,402
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	4,756,500		26,533,945
TOTAL CHINA			1,099,661,714
Colombia - 0.6%
BanColombia SA sponsored ADR (d)	1,257,100		58,166,017
Czech Republic - 0.2%
Komercni Banka A/S	106,356		21,693,465
Egypt - 0.2%
Citadel Capital Corp. (a)	53,201,700		22,570,270
Common Stocks - continued
	Shares		Value
Greece - 0.4%
National Bank of Greece SA (a)	11,625,100		$ 11,888,375
Public Power Corp. of Greece (a)	1,278,120		6,932,523
Titan Cement Co. SA (Reg.)	1,171,400		26,142,720
TOTAL GREECE			44,963,618
Hong Kong - 5.1%
China Mobile Ltd.	3,579,260		46,918,686
China Mobile Ltd. sponsored ADR	2,305,400		150,588,728
China Power International Development Ltd.	52,563,000		29,843,283
China Resources Power Holdings Co. Ltd.	15,277,980		42,777,854
CNOOC Ltd.	66,002,000		87,575,711
CNOOC Ltd. sponsored ADR (d)	14,300		1,904,045
Far East Horizon Ltd.	57,328,800		48,844,200
Lenovo Group Ltd.	28,132,000		36,222,606
Sinotruk Hong Kong Ltd.	37,181,000		20,400,521
Techtronic Industries Co. Ltd.	19,645,000		64,156,007
TOTAL HONG KONG			529,231,641
India - 12.8%
Adani Ports & Special Economic Zone	9,118,993		50,038,769
Axis Bank Ltd. (a)	17,298,334		164,990,999
Bharti Airtel Ltd. (a)	4,994,760		30,044,223
Bharti Infratel Ltd.	15,441,321		89,851,481
Coal India Ltd.	11,465,831		66,425,447
Eicher Motors Ltd.	171,768		44,983,688
GAIL India Ltd.	4,403,329		29,965,836
Grasim Industries Ltd.	745,696		49,801,712
HCL Technologies Ltd.	794,840		22,906,484
Infosys Ltd.	2,948,021		101,189,958
ITC Ltd. (a)	15,701,292		92,993,138
JK Cement Ltd.	2,084,810		23,398,030
Larsen & Toubro Ltd. (a)	1,768,848		48,346,664
LIC Housing Finance Ltd.	4,694,595		36,140,018
Lupin Ltd.	2,229,983		58,355,609
Oil & Natural Gas Corp. Ltd.	6,392,288		36,088,473
Petronet LNG Ltd. (a)	8,598,146		24,911,515
Phoenix Mills Ltd. (a)	6,722,237		43,719,031
Power Grid Corp. of India Ltd.	14,372,444		35,142,752
SREI Infrastructure Finance Ltd. (e)	47,462,511		35,105,429
State Bank of India	17,287,402		85,857,223
Sun TV Ltd.	1,051,464		6,893,466
Tata Consultancy Services Ltd.	1,231,629		49,259,167
Common Stocks - continued
	Shares		Value
India - continued
Wipro Ltd.	2,476,959		$ 24,148,252
Yes Bank Ltd.	4,783,849		66,316,945
TOTAL INDIA			1,316,874,309
Indonesia - 1.5%
PT Bakrieland Development Tbk (a)	1,428,178,200		5,597,714
PT Bank Mandiri (Persero) Tbk	18,466,700		15,907,340
PT Bank Rakyat Indonesia Tbk	97,030,700		88,781,240
PT Kalbe Farma Tbk	285,866,400		41,942,702
TOTAL INDONESIA			152,228,996
Israel - 0.4%
Bezeq The Israel Telecommunication Corp. Ltd.	27,788,500		44,388,656
Kenya - 0.3%
Equity Group Holdings Ltd. (a)	48,409,300		28,522,664
Korea (South) - 14.2%
AMOREPACIFIC Group, Inc.	58,483		66,129,498
Bgf Retail (a)	193,175		14,131,086
Daewoo International Corp.	3,722,691		92,332,370
E-Mart Co. Ltd.	339,308		63,866,620
Fila Korea Ltd.	347,565		34,520,275
Hyundai HCN	392,650		1,543,170
Hyundai Industrial Development & Construction Co.	1,106,543		42,940,585
Hyundai Mobis	746,873		167,496,214
KB Financial Group, Inc.	1,029,685		34,314,329
Korea Electric Power Corp.	982,611		38,112,368
Korea Zinc Co. Ltd.	90,011		34,878,226
Korean Reinsurance Co. (e)	5,552,080		51,222,334
LG Chemical Ltd.	299,750		53,477,095
NAVER Corp.	77,090		49,568,070
POSCO	312,235		71,951,759
Samsung C&T Corp.	836,484		42,046,489
Samsung Electronics Co. Ltd.	350,563		431,714,574
Shinhan Financial Group Co. Ltd.	2,183,264		88,427,655
SK Hynix, Inc. (a)	1,539,627		65,974,191
SK Telecom Co. Ltd. sponsored ADR (d)	804,200		23,120,750
TOTAL KOREA (SOUTH)			1,467,767,658
Common Stocks - continued
	Shares		Value
Luxembourg - 0.5%
Globant SA (a)	651,683		$ 9,045,360
Tenaris SA sponsored ADR	1,620,700		45,768,568
TOTAL LUXEMBOURG			54,813,928
Mexico - 4.3%
America Movil S.A.B. de CV Series L sponsored ADR	3,981,420		85,162,574
Banregio Grupo Financiero S.A.B. de CV (a)	4,701,750		24,325,075
Credito Real S.A.B. de CV	6,011,417		12,115,475
Grupo Aeroportuario del Pacifico SA de CV Series B	4,990,500		32,993,666
Grupo Aeroportuario Norte S.A.B. de CV	3,241,400		14,866,823
Grupo Comercial Chedraui S.A.B. de CV (a)(d)	8,309,588		23,028,139
Grupo Financiero Banorte S.A.B. de CV Series O	15,500,000		78,660,729
Grupo Televisa SA de CV (CPO) sponsored ADR	3,046,300		99,339,843
Macquarie Mexican (REIT) (e)	45,050,900		74,175,670
TOTAL MEXICO			444,667,994
Netherlands - 0.1%
Cnova NV (a)	1,772,300		9,747,650
Nigeria - 0.9%
Guaranty Trust Bank PLC GDR (Reg. S)	5,418,077		28,715,808
Transnational Corp. of Nigeria PLC	532,701,512		8,009,695
Zenith Bank PLC	602,831,531		51,460,052
TOTAL NIGERIA			88,185,555
Panama - 0.4%
Copa Holdings SA Class A	361,500		38,864,865
Philippines - 2.9%
Alliance Global Group, Inc.	139,931,500		78,902,949
Metropolitan Bank & Trust Co.	36,721,662		78,923,950
Nickel Asia Corp.	27,010,800		16,587,721
PNOC Energy Development Corp.	117,995,000		22,766,971
Robinsons Land Corp.	158,602,350		99,595,584
TOTAL PHILIPPINES			296,777,175
Poland - 0.0%
Cyfrowy Polsat SA	166,099		1,068,236
Puerto Rico - 0.1%
Popular, Inc. (a)	468,381		14,440,186
Russia - 1.8%
Bashneft OJSC rights (a)	23,529		0
E.ON Russia JSC (a)	306,669,400		11,114,818
LUKOIL Oil Co. sponsored ADR (United Kingdom)	2,171,100		85,541,340
Common Stocks - continued
	Shares		Value
Russia - continued
Mobile TeleSystems OJSC (a)	4,868,700		$ 15,382,832
NOVATEK OAO GDR (Reg. S)	831,300		58,191,000
Sberbank of Russia sponsored ADR	3,174,731		11,762,378
TMK OAO GDR (Reg. S)	1,277,295		3,257,102
TOTAL RUSSIA			185,249,470
Singapore - 0.6%
Ezion Holdings Ltd.	19,931,640		18,687,147
First Resources Ltd.	35,406,000		48,631,175
TOTAL SINGAPORE			67,318,322
South Africa - 4.9%
Alexander Forbes Group Holding (a)	19,187,101		15,558,935
Aspen Pharmacare Holdings Ltd.	2,481,800		92,929,618
Barclays Africa Group Ltd.	4,807,340		81,726,840
Bidvest Group Ltd.	1,938,045		53,487,304
Blue Label Telecoms Ltd.	22,145,427		16,048,655
JSE Ltd.	2,713,392		28,330,674
Life Healthcare Group Holdings Ltd.	11,372,200		42,321,021
Naspers Ltd. Class N	1,232,400		177,788,371
TOTAL SOUTH AFRICA			508,191,418
Taiwan - 9.2%
Advantech Co. Ltd.	3,779,000		28,014,188
Catcher Technology Co. Ltd.	4,019,000		34,891,453
E.SUN Financial Holdings Co. Ltd.	68,926,287		42,096,219
Hon Hai Precision Industry Co. Ltd. (Foxconn)	44,870,280		122,237,427
Inotera Memories, Inc. (a)	16,075,000		22,818,252
King's Town Bank	20,425,000		21,400,859
Largan Precision Co. Ltd.	548,000		45,242,292
MediaTek, Inc.	4,932,100		74,453,918
Pegatron Corp.	13,153,000		34,723,118
Radiant Opto-Electronics Corp.	4,932,000		15,490,103
Taiwan Cement Corp.	21,448,000		28,748,792
Taiwan Fertilizer Co. Ltd.	19,321,300		33,419,988
Taiwan Semiconductor Manufacturing Co. Ltd.	66,496,284		290,320,945
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (d)	1,331,101		30,229,304
Unified-President Enterprises Corp.	60,257,637		95,324,864
Universal Cement Corp.	18,914,980		16,046,301
Common Stocks - continued
	Shares		Value
Taiwan - continued
Vanguard International Semiconductor Corp.	10,961,000		$ 18,432,491
Voltronic Power Technology Corp.	9,250		82,851
TOTAL TAIWAN			953,973,365
Thailand - 1.9%
Intouch Holdings PCL NVDR	21,052,700		51,756,906
Kasikornbank PCL (For. Reg.)	10,828,900		73,845,552
PTT Exploration and Production PCL (For. Reg.)	8,673,100		28,884,404
Thai Union Frozen Products PCL (For. Reg.)	68,199,800		45,111,156
TOTAL THAILAND			199,598,018
Turkey - 1.9%
Aselsan A/S	4,026,000		19,584,434
Aygaz A/S	5,014,111		21,316,582
Tupras Turkiye Petrol Rafinelleri A/S	1,721,096		37,393,718
Turkcell Iletisim Hizmet A/S sponsored ADR (a)	1,302,200		18,803,768
Turkiye Garanti Bankasi A/S	22,945,100		96,479,298
TOTAL TURKEY			193,577,800
United Arab Emirates - 0.5%
DP World Ltd.	1,370,645		26,933,174
First Gulf Bank PJSC	5,945,200		27,516,206
TOTAL UNITED ARAB EMIRATES			54,449,380
United States of America - 0.3%
Cognizant Technology Solutions Corp. Class A (a)	515,172		27,886,260
TOTAL COMMON STOCKS (Cost $8,367,230,270)		9,267,568,603
Preferred Stocks - 5.5%

Convertible Preferred Stocks - 0.2%
Cayman Islands - 0.2%
Meituan Corp. Series D (g)	3,788,641		23,950,652
Nonconvertible Preferred Stocks - 5.3%
Brazil - 3.2%
Ambev SA sponsored ADR	4,100,100		26,978,658
Banco do Estado Rio Grande do Sul SA	8,718,671		39,641,400
Braskem SA (PN-A)	6,163,200		28,596,605
Preferred Stocks - continued
	Shares		Value
Nonconvertible Preferred Stocks - continued
Brazil - continued
Companhia Paranaense de Energia-Copel:
(PN-B)	137,100		$ 1,594,156
(PN-B) sponsored	1,076,157		12,483,421
Itau Unibanco Holding SA sponsored ADR (d)	8,963,306		108,635,269
Marcopolo SA (PN)	13,544,400		13,527,995
Petroleo Brasileiro SA - Petrobras (PN) sponsored (non-vtg.)	8,691,300		53,451,495
TIM Participacoes SA sponsored ADR	256,200		5,654,334
Vale SA (PN-A) sponsored ADR (d)	6,090,900		38,129,034
TOTAL BRAZIL			328,692,367
Korea (South) - 1.7%
Hyundai Motor Co. Series 2	485,910		52,649,161
Samsung Electronics Co. Ltd.	75,339		72,745,495
Samsung Fire & Marine Insurance Co. Ltd.	320,355		50,375,972
TOTAL KOREA (SOUTH)			175,770,628
Russia - 0.4%
Surgutneftegas (a)	70,719,350		42,667,512
TOTAL NONCONVERTIBLE PREFERRED STOCKS			547,130,507
TOTAL PREFERRED STOCKS (Cost $666,365,805)		571,081,159

Government Obligations - 0.1%
	Principal Amount
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.03% 3/5/15 to 4/16/15 (f) (Cost $7,569,794)	$ 7,570,000	7,569,916

Money Market Funds - 5.6%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	501,690,620		$ 501,690,620
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	76,854,120		76,854,120
TOTAL MONEY MARKET FUNDS (Cost $578,544,740)		578,544,740
TOTAL INVESTMENT PORTFOLIO - 101.0% (Cost $9,619,710,609)			10,424,764,418
NET OTHER ASSETS (LIABILITIES) - (1.0)%			(101,785,530)
NET ASSETS - 100%		$ 10,322,978,888

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
3,468 NYSE E-mini MSCI Emerging Markets Index Contracts (United States)	March 2015	$ 164,990,100	$ 242,692

The face value of futures purchased as a percentage of net assets is 1.6%

Legend

(a) Non-income producing

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

(e) Affiliated company

(f) 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 $6,762,923.

(g) Restricted securities - 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 $23,950,652 or 0.2% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Meituan Corp. Series D	1/26/15	$ 23,950,652

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 Cash Central Fund	$ 118,022
Fidelity Securities Lending Cash Central Fund	163,230
Total	$ 281,252

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Aquarius Platinum Ltd. (Australia)	$ 18,498,158	$ 2,835,509	$ -	$ -	$ 17,117,320
GP Investments Ltd. Class A (depositary receipt)	23,311,870	-	-	-	23,203,622
Korean Reinsurance Co.	54,409,675	4,353,861	-	963,469	51,222,334
Macquarie Mexican (REIT)	48,149,486	31,895,688	-	718,645	74,175,670
Minerva SA	50,188,557	3,327,487	-	-	33,884,469
SREI Infrastructure Finance Ltd.	36,691,182	-	-	-	35,105,429
T4F Entretenimento SA	5,103,986	-	392,135	-	3,713,322
Total	$ 236,352,914	$ 42,412,545	$ 392,135	$ 1,682,114	$ 238,422,166

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 923,881,838	$ 184,788,211	$ 739,093,627	$ -
Consumer Staples	833,471,171	128,129,549	705,341,622	-
Energy	805,611,242	388,353,905	417,257,337	-
Financials	2,676,105,214	721,606,824	1,954,498,390	-
Health Care	235,548,950	-	235,548,950	-
Industrials	753,623,399	146,770,957	582,901,790	23,950,652
Information Technology	1,955,105,776	186,436,963	1,768,668,813	-
Materials	717,695,753	249,968,593	467,727,160	-
Telecommunication Services	632,272,363	343,101,642	289,170,721	-
Utilities	305,334,056	106,724,992	198,609,064	-
Government Obligations	7,569,916	-	7,569,916	-
Money Market Funds	578,544,740	578,544,740	-	-
Total Investments in Securities:	$ 10,424,764,418	$ 3,034,426,376	$ 7,366,387,390	$ 23,950,652
Derivative Instruments:
Assets
Futures Contracts	$ 242,692	$ 242,692	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 1,791,835,836
Level 2 to Level 1	$ -

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $9,676,258,026. Net unrealized appreciation aggregated $748,506,392, of which $1,547,406,732 related to appreciated investment securities and $798,900,340 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series International
Growth Fund

January 31, 2015

1.907948.105

GSV-S-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.0%
	Shares		Value
Australia - 3.6%
CSL Ltd.	4,096,100		$ 278,754,145
Sydney Airport unit	18,304,467		70,732,502
Transurban Group unit	12,771,255		91,335,004
TOTAL AUSTRALIA			440,821,651
Austria - 1.2%
Andritz AG	2,622,198		142,228,020
Bailiwick of Jersey - 1.4%
Shire PLC	2,325,900		169,762,478
Belgium - 4.8%
Anheuser-Busch InBev SA NV	3,313,281		404,108,185
KBC Groupe SA (a)	3,529,019		190,277,470
TOTAL BELGIUM			594,385,655
Bermuda - 0.5%
Lazard Ltd. Class A	1,377,548		63,091,698
Canada - 0.7%
Canadian Pacific Railway Ltd.	455,600		79,406,415
Pason Systems, Inc.	335,000		4,721,689
TOTAL CANADA			84,128,104
Cayman Islands - 1.9%
Sands China Ltd.	19,760,400		96,200,511
Tencent Holdings Ltd.	3,745,850		63,179,591
Wynn Macau Ltd.	28,917,800		80,077,657
TOTAL CAYMAN ISLANDS			239,457,759
Denmark - 2.7%
Jyske Bank A/S (Reg.) (a)	1,401,400		63,612,453
Novo Nordisk A/S Series B sponsored ADR	5,959,281		265,545,561
TOTAL DENMARK			329,158,014
Finland - 0.2%
Tikkurila Oyj	1,550,679		28,036,276
France - 1.1%
Safran SA	2,039,186		136,390,344
Germany - 4.9%
Bayer AG	1,858,900		268,976,325
Linde AG	1,747,819		335,558,527
TOTAL GERMANY			604,534,852
Common Stocks - continued
	Shares		Value
India - 0.6%
Housing Development Finance Corp. Ltd.	3,671,622		$ 74,507,791
Ireland - 2.2%
CRH PLC sponsored ADR	5,213,305		125,849,183
James Hardie Industries PLC CDI	14,466,311		145,050,926
TOTAL IRELAND			270,900,109
Israel - 0.3%
Azrieli Group	1,019,186		35,152,837
Italy - 0.6%
Azimut Holding SpA	1,569,606		36,696,917
Interpump Group SpA	3,015,349		42,966,613
TOTAL ITALY			79,663,530
Japan - 13.9%
Aozora Bank Ltd.	16,620,000		60,483,186
Astellas Pharma, Inc.	11,360,400		175,465,567
Coca-Cola Central Japan Co. Ltd.	2,423,300		40,347,891
DENSO Corp.	6,295,500		278,502,358
East Japan Railway Co.	928,100		71,684,707
Fanuc Corp.	662,200		111,209,427
Fast Retailing Co. Ltd.	380,100		141,007,960
Japan Tobacco, Inc.	1,965,000		53,520,026
Keyence Corp.	566,500		264,802,913
Mitsui Fudosan Co. Ltd.	5,370,000		135,762,276
Seven Bank Ltd.	20,920,700		93,636,107
SHO-BOND Holdings Co. Ltd. (e)	1,672,600		70,804,585
USS Co. Ltd.	10,801,900		169,466,146
Yamato Kogyo Co. Ltd.	1,937,700		49,868,448
TOTAL JAPAN			1,716,561,597
Kenya - 0.1%
Safaricom Ltd.	46,000,000		7,102,019
Korea (South) - 0.5%
Bgf Retail (a)	128,944		9,432,477
NAVER Corp.	88,261		56,750,908
TOTAL KOREA (SOUTH)			66,183,385
Mexico - 0.4%
Fomento Economico Mexicano S.A.B. de CV sponsored ADR (a)	618,112		51,649,439
Common Stocks - continued
	Shares		Value
Netherlands - 1.2%
ING Groep NV (Certificaten Van Aandelen) (a)	12,323,004		$ 153,204,665
South Africa - 2.2%
Clicks Group Ltd.	9,027,484		69,770,140
MTN Group Ltd.	2,767,900		47,798,071
Naspers Ltd. Class N	1,053,510		151,981,359
TOTAL SOUTH AFRICA			269,549,570
Spain - 2.3%
Inditex SA	8,325,360		245,869,111
Prosegur Compania de Seguridad SA (Reg.)	6,021,389		33,544,556
TOTAL SPAIN			279,413,667
Sweden - 5.5%
ASSA ABLOY AB (B Shares)	4,136,139		226,097,468
Atlas Copco AB (A Shares)	4,430,932		131,361,052
H&M Hennes & Mauritz AB (B Shares)	3,487,901		143,744,923
Intrum Justitia AB	1,349,000		35,949,639
Svenska Handelsbanken AB (A Shares)	2,969,871		140,988,292
TOTAL SWEDEN			678,141,374
Switzerland - 13.8%
Nestle SA	6,445,886		492,278,608
Novartis AG	3,203,342		312,174,641
Roche Holding AG (participation certificate)	1,939,267		522,666,265
Schindler Holding AG:
(participation certificate)	688,219		102,385,880
(Reg.)	154,309		22,519,501
UBS Group AG	14,584,413		243,268,009
TOTAL SWITZERLAND			1,695,292,904
Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	12,299,000		53,697,095
Turkey - 0.6%
Coca-Cola Icecek Sanayi A/S	3,368,278		68,018,204
United Kingdom - 14.7%
Babcock International Group PLC	5,174,861		78,411,419
BAE Systems PLC	9,901,700		75,688,249
Berendsen PLC	3,068,600		51,488,248
GlaxoSmithKline PLC	3,990,400		87,863,500
Informa PLC	8,919,592		68,785,610
InterContinental Hotel Group PLC ADR	5,646,727		224,513,866
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Johnson Matthey PLC	2,329,427		$ 114,414,891
Prudential PLC	16,844,857		409,505,090
Reckitt Benckiser Group PLC	3,327,387		281,612,918
Rolls-Royce Group PLC	4,284,411		57,530,099
Rotork PLC	537,297		18,653,829
SABMiller PLC	4,577,736		249,977,718
Shaftesbury PLC	3,910,400		45,822,990
Unite Group PLC	5,472,383		40,380,024
TOTAL UNITED KINGDOM			1,804,648,451
United States of America - 15.7%
Autoliv, Inc. (d)	1,410,127		149,558,070
Berkshire Hathaway, Inc. Class B (a)	625,850		90,066,074
BorgWarner, Inc.	2,568,514		138,725,441
Cummins, Inc.	589,427		82,201,489
FMC Technologies, Inc. (a)	1,035,345		38,804,731
Google, Inc. Class A (a)	402,694		216,468,160
Martin Marietta Materials, Inc. (d)	605,600		65,247,344
MasterCard, Inc. Class A	2,333,510		191,417,825
McGraw Hill Financial, Inc.	538,900		48,199,216
Mead Johnson Nutrition Co. Class A	530,956		52,293,856
Mohawk Industries, Inc. (a)	734,515		121,224,356
Moody's Corp.	525,200		47,966,516
National Oilwell Varco, Inc.	445,141		24,229,025
Oceaneering International, Inc.	829,819		43,449,323
Philip Morris International, Inc.	1,274,492		102,265,238
PriceSmart, Inc.	590,775		48,313,580
ResMed, Inc. (d)	873,400		54,561,298
Solera Holdings, Inc.	940,894		48,550,130
SS&C Technologies Holdings, Inc.	1,757,844		97,261,509
Union Pacific Corp.	566,800		66,434,628
Visa, Inc. Class A	823,324		209,873,521
TOTAL UNITED STATES OF AMERICA			1,937,111,330
TOTAL COMMON STOCKS (Cost $9,331,539,156)		12,072,792,818
Money Market Funds - 3.1%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	222,705,338		$ 222,705,338
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	155,085,437		155,085,437
TOTAL MONEY MARKET FUNDS (Cost $377,790,775)		377,790,775
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $9,709,329,931)			12,450,583,593
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(131,987,353)
NET ASSETS - 100%		$ 12,318,596,240

Legend

(a) Non-income producing

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

(e) Affiliated company

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 Cash Central Fund	$ 68,929
Fidelity Securities Lending Cash Central Fund	415,670
Total	$ 484,599

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
SHO-BOND Holdings Co. Ltd.	$ 64,629,702	$ -	$ -	$ 287,434	$ 70,804,585

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 2,063,177,394	$ 1,092,421,377	$ 970,756,017	$ -
Consumer Staples	1,870,068,254	572,518,035	1,297,550,219	-
Energy	111,204,768	111,204,768	-	-
Financials	1,972,621,611	1,045,522,496	927,099,115	-
Health Care	2,135,769,780	589,083,184	1,546,686,596	-
Industrials	1,799,023,674	1,383,257,449	415,766,225	-
Information Technology	1,202,001,652	763,571,145	438,430,507	-
Materials	864,025,595	669,106,221	194,919,374	-
Telecommunication Services	54,900,090	7,102,019	47,798,071	-
Money Market Funds	377,790,775	377,790,775	-	-
Total Investments in Securities:	$ 12,450,583,593	$ 6,611,577,469	$ 5,839,006,124	$ -

Transfers	Total
Level 1 to Level 2	$ 554,643,564
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $9,716,617,502. Net unrealized appreciation aggregated $2,733,966,091, of which $2,956,524,543 related to appreciated investment securities and $222,558,452 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series International
Small Cap Fund

January 31, 2015

1.907961.105

SCF-S-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.2%
	Shares		Value
Australia - 1.7%
DuluxGroup Ltd.	2,611,782		$ 12,098,182
Imdex Ltd. (a)	6,780,171		1,546,217
RCG Corp. Ltd. (e)	15,294,331		8,667,162
Sydney Airport unit	3,717,686		14,365,960
TFS Corp. Ltd. (d)	8,450,110		9,627,195
TOTAL AUSTRALIA			46,304,716
Austria - 1.5%
Andritz AG	516,024		27,989,142
Zumtobel AG	526,819		12,126,372
TOTAL AUSTRIA			40,115,514
Belgium - 1.4%
Gimv NV	280,309		12,685,804
KBC Ancora (a)	852,473		25,638,083
TOTAL BELGIUM			38,323,887
Bermuda - 1.0%
Lazard Ltd. Class A	250,001		11,450,046
Petra Diamonds Ltd. (a)	5,001,891		11,556,923
Vostok Nafta Investment Ltd. SDR (a)	1,313,942		5,319,796
TOTAL BERMUDA			28,326,765
British Virgin Islands - 0.2%
Gem Diamonds Ltd. (a)	3,037,751		6,451,399
Canada - 1.1%
Pason Systems, Inc.	1,319,200		18,593,588
ShawCor Ltd. Class A	415,800		11,420,020
TOTAL CANADA			30,013,608
Cayman Islands - 0.2%
58.com, Inc. ADR (a)	147,500		5,674,325
Denmark - 1.7%
Jyske Bank A/S (Reg.) (a)	493,219		22,388,233
Spar Nord Bank A/S	2,602,747		23,518,143
TOTAL DENMARK			45,906,376
Finland - 0.5%
Tikkurila Oyj (d)	729,165		13,183,303
France - 2.0%
Coface SA	579,200		7,084,919
Laurent-Perrier Group SA	132,224		10,443,977
Common Stocks - continued
	Shares		Value
France - continued
Saft Groupe SA	256,617		$ 8,229,553
Vetoquinol SA	208,127		8,224,367
Virbac SA	96,600		21,525,958
TOTAL FRANCE			55,508,774
Germany - 4.3%
alstria office REIT-AG	789,329		10,119,079
CompuGroup Medical AG	1,323,715		34,268,731
CTS Eventim AG	1,603,124		46,012,865
Fielmann AG	423,190		28,840,526
TOTAL GERMANY			119,241,201
Greece - 0.4%
Titan Cement Co. SA (Reg.)	472,199		10,538,301
India - 0.7%
Jyothy Laboratories Ltd. (a)	3,841,337		17,854,518
Ireland - 1.8%
FBD Holdings PLC	1,298,400		16,139,112
James Hardie Industries PLC CDI	3,276,486		32,852,697
TOTAL IRELAND			48,991,809
Israel - 1.7%
Azrieli Group	414,179		14,285,486
Ituran Location & Control Ltd.	502,446		10,420,730
Sarine Technologies Ltd.	4,765,000		9,170,363
Strauss Group Ltd. (a)	919,855		13,479,212
TOTAL ISRAEL			47,355,791
Italy - 4.4%
Azimut Holding SpA	1,833,364		42,863,500
Beni Stabili SpA SIIQ (d)	43,666,820		32,640,730
Interpump Group SpA	3,218,666		45,863,738
TOTAL ITALY			121,367,968
Japan - 26.7%
Air Water, Inc.	550,000		9,463,449
Aozora Bank Ltd.	8,131,000		29,590,179
Artnature, Inc.	1,306,400		13,659,561
Asahi Co. Ltd. (d)	1,095,500		10,719,283
Autobacs Seven Co. Ltd.	1,035,300		15,157,414
Azbil Corp.	997,700		24,789,760
Broadleaf Co. Ltd.	224,500		3,465,023
Common Stocks - continued
	Shares		Value
Japan - continued
Coca-Cola Central Japan Co. Ltd. (d)	1,122,200		$ 18,684,605
Cosmos Pharmaceutical Corp.	107,000		17,241,299
Daiichikosho Co. Ltd.	334,000		9,672,519
Daikokutenbussan Co. Ltd.	567,600		21,999,249
GCA Savvian Group Corp.	689,200		6,937,838
Glory Ltd.	387,900		10,165,506
Goldcrest Co. Ltd.	1,371,210		21,369,884
Harmonic Drive Systems, Inc. (d)	877,600		13,906,856
Iwatsuka Confectionary Co. Ltd. (d)	162,300		9,371,143
Kobayashi Pharmaceutical Co. Ltd.	301,400		20,157,499
Koshidaka Holdings Co. Ltd.	354,200		6,439,306
Kyoto Kimono Yuzen Co. Ltd.	356,700		3,038,368
Lasertec Corp.	763,200		9,440,103
Medikit Co. Ltd.	219,900		6,873,209
Meiko Network Japan Co. Ltd.	514,400		5,322,466
Miraial Co. Ltd. (d)	301,300		3,885,713
Nabtesco Corp.	753,300		19,447,578
Nagaileben Co. Ltd.	1,235,900		20,435,217
ND Software Co. Ltd.	111,268		2,346,689
Nihon M&A Center, Inc.	308,900		10,720,758
Nihon Parkerizing Co. Ltd.	1,583,000		37,739,958
Nippon Seiki Co. Ltd.	573,000		12,958,301
NS Tool Co. Ltd.	2,000		28,876
OBIC Co. Ltd.	912,200		30,599,532
OSG Corp.	2,458,600		45,267,225
Paramount Bed Holdings Co. Ltd.	283,900		7,852,399
San-Ai Oil Co. Ltd.	1,575,000		10,451,435
Seven Bank Ltd.	9,356,500		41,877,482
SHO-BOND Holdings Co. Ltd. (d)	814,000		34,458,288
Shoei Co. Ltd.	550,100		8,593,428
SK Kaken Co. Ltd.	81,000		6,226,715
Software Service, Inc.	175,900		5,965,349
Techno Medica Co. Ltd.	283,000		5,907,797
The Nippon Synthetic Chemical Industry Co. Ltd.	2,520,000		15,496,483
TKC Corp.	684,400		12,118,775
Tocalo Co. Ltd.	458,400		7,717,055
Tsutsumi Jewelry Co. Ltd.	273,600		5,842,621
USS Co. Ltd.	4,383,000		68,762,917
Workman Co. Ltd.	116,000		5,700,393
Yamato Kogyo Co. Ltd.	929,000		23,908,648
TOTAL JAPAN			731,774,151
Common Stocks - continued
	Shares		Value
Korea (South) - 2.8%
Bgf Retail (a)	300,950		$ 22,015,014
Coway Co. Ltd.	507,047		40,310,855
Leeno Industrial, Inc.	389,988		14,089,819
TOTAL KOREA (SOUTH)			76,415,688
Mexico - 0.7%
Consorcio ARA S.A.B. de CV (a)	41,353,427		17,822,018
Netherlands - 3.6%
Aalberts Industries NV	1,369,900		39,643,947
ASM International NV (depositary receipt)	253,800		10,608,840
Heijmans NV (Certificaten Van Aandelen) (d)	1,206,671		11,566,895
VastNed Retail NV	746,955		37,092,179
TOTAL NETHERLANDS			98,911,861
Philippines - 0.6%
Jollibee Food Corp.	3,395,820		17,787,018
South Africa - 1.9%
Alexander Forbes Group Holding (a)	9,630,704		7,809,595
Clicks Group Ltd.	4,217,421		32,594,913
Nampak Ltd.	3,262,570		11,893,814
TOTAL SOUTH AFRICA			52,298,322
Spain - 1.0%
Prosegur Compania de Seguridad SA (Reg.)	4,722,986		26,311,283
Sweden - 2.6%
Fagerhult AB (e)	2,397,342		39,766,405
Intrum Justitia AB	1,209,603		32,234,834
TOTAL SWEDEN			72,001,239
Taiwan - 0.3%
Addcn Technology Co. Ltd.	878,000		8,678,250
Turkey - 1.2%
Albaraka Turk Katilim Bankasi A/S	17,045,671		12,054,536
Coca-Cola Icecek Sanayi A/S	971,544		19,619,128
TOTAL TURKEY			31,673,664
United Kingdom - 21.3%
Babcock International Group PLC	721,700		10,935,467
Bellway PLC	1,306,300		35,888,095
Berendsen PLC	2,572,009		43,155,914
Britvic PLC	2,243,612		23,807,369
Dechra Pharmaceuticals PLC	1,636,163		21,316,962
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Derwent London PLC	392,190		$ 19,227,825
Elementis PLC	6,296,482		26,213,116
Great Portland Estates PLC	2,656,000		31,423,670
H&T Group PLC	1,288,592		3,299,491
Hilton Food Group PLC	901,038		5,333,574
Howden Joinery Group PLC	2,070,300		13,249,597
Informa PLC	4,200,785		32,395,379
InterContinental Hotel Group PLC ADR	594,546		23,639,149
ITE Group PLC	4,420,772		8,706,076
Johnson Matthey PLC	362,170		17,788,770
Meggitt PLC	2,837,345		23,034,753
Rotork PLC	443,800		15,407,809
Shaftesbury PLC	2,990,255		35,040,514
Spectris PLC	1,158,816		36,479,041
Spirax-Sarco Engineering PLC	1,014,400		46,600,623
Taylor Wimpey PLC	8,548,700		17,434,174
Ted Baker PLC	559,367		19,992,966
Ultra Electronics Holdings PLC	936,610		24,673,528
Unite Group PLC	6,853,599		50,571,842
TOTAL UNITED KINGDOM			585,615,704
United States of America - 8.9%
ANSYS, Inc. (a)	93,715		7,559,989
Autoliv, Inc.	211,500		22,431,690
Broadridge Financial Solutions, Inc.	226,895		10,888,691
Dril-Quip, Inc. (a)	157,105		11,661,904
Evercore Partners, Inc. Class A	246,100		11,780,807
Kennedy-Wilson Holdings, Inc.	1,024,888		27,251,772
Martin Marietta Materials, Inc. (d)	105,280		11,342,867
Mohawk Industries, Inc. (a)	177,562		29,304,832
Oceaneering International, Inc.	178,267		9,334,060
PriceSmart, Inc.	334,361		27,344,043
ResMed, Inc. (d)	189,700		11,850,559
Solera Holdings, Inc.	347,290		17,920,164
SS&C Technologies Holdings, Inc.	841,788		46,576,130
TOTAL UNITED STATES OF AMERICA			245,247,508
TOTAL COMMON STOCKS (Cost $2,052,006,407)		2,639,694,961
Nonconvertible Preferred Stocks - 1.0%
	Shares		Value
Germany - 1.0%
Sartorius AG (non-vtg.) (Cost $22,926,603)	203,746		$ 26,131,443
Money Market Funds - 3.9%

Fidelity Cash Central Fund, 0.13% (b)	71,901,780		71,901,780
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	36,294,449		36,294,449
TOTAL MONEY MARKET FUNDS (Cost $108,196,229)		108,196,229
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $2,183,129,239)			2,774,022,633
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(29,559,476)
NET ASSETS - 100%		$ 2,744,463,157

Legend

(a) Non-income producing

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

(e) Affiliated company

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 Cash Central Fund	$ 17,649
Fidelity Securities Lending Cash Central Fund	89,463
Total	$ 107,112

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fagerhult AB	$ 44,153,831	$ -	$ -	$ -	$ 39,766,405
RCG Corp. Ltd.	8,273,270	-	-	-	8,667,162
Total	$ 52,427,101	$ -	$ -	$ -	$ 48,433,567

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 514,689,418	$ 295,717,367	$ 218,972,051	$ -
Consumer Staples	273,605,104	100,027,303	173,577,801	-
Energy	61,461,007	51,009,572	10,451,435	-
Financials	559,460,545	451,875,567	107,584,978	-
Health Care	172,698,680	123,318,020	49,380,660	-
Industrials	572,788,728	407,540,263	165,248,465	-
Information Technology	253,194,885	146,127,910	107,066,975	-
Materials	257,928,037	97,074,679	160,853,358	-
Money Market Funds	108,196,229	108,196,229	-	-
Total Investments in Securities:	$ 2,774,022,633	$ 1,780,886,910	$ 993,135,723	$ -

Transfers	Total
Level 1 to Level 2	$ 119,336,123
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $2,198,789,418. Net unrealized appreciation aggregated $575,233,215, of which $695,436,144 related to appreciated investment securities and $120,202,929 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series International
Value Fund

January 31, 2015

1.907974.105

VSF-S-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.4%
	Shares		Value
Australia - 5.1%
Ansell Ltd.	3,467,096		$ 60,856,986
Australia & New Zealand Banking Group Ltd.	6,849,056		174,839,216
Telstra Corp. Ltd.	12,951,594		65,327,709
Transurban Group unit	11,721,408		83,826,910
Westpac Banking Corp.	8,350,429		223,174,136
TOTAL AUSTRALIA			608,024,957
Bailiwick of Jersey - 1.7%
Shire PLC	1,470,100		107,299,462
Wolseley PLC	1,625,813		94,572,639
TOTAL BAILIWICK OF JERSEY			201,872,101
Belgium - 0.7%
Anheuser-Busch InBev SA NV	653,630		79,720,746
Bermuda - 0.2%
Travelport Worldwide Ltd. (d)	1,880,400		29,315,436
Canada - 1.1%
Imperial Oil Ltd.	1,445,600		53,742,145
Potash Corp. of Saskatchewan, Inc.	2,176,400		79,232,127
TOTAL CANADA			132,974,272
Denmark - 0.4%
Topdanmark A/S (a)	1,485,800		49,821,126
Finland - 1.2%
Sampo Oyj (A Shares)	2,930,413		142,123,859
France - 16.1%
Atos Origin SA	1,389,944		103,002,356
AXA SA	6,708,273		158,088,168
BNP Paribas SA	2,825,018		149,318,446
Cap Gemini SA	1,694,105		123,608,847
GDF Suez	4,562,553		101,695,885
Havas SA	9,438,642		73,059,809
Orange SA	9,087,000		159,868,369
Renault SA	975,692		75,203,705
Sanofi SA	2,918,368		268,898,162
Schneider Electric SA	1,600,305		121,159,092
Total SA	6,416,922		329,384,505
Unibail-Rodamco	477,000		134,806,401
Vivendi SA	6,008,489		142,819,080
TOTAL FRANCE			1,940,912,825
Common Stocks - continued
	Shares		Value
Germany - 6.9%
Allianz SE	1,275,393		$ 210,301,445
BASF AG	2,296,169		206,276,343
Bayer AG	889,214		128,666,154
Continental AG	399,433		90,587,810
Fresenius SE & Co. KGaA	1,942,500		111,419,469
GEA Group AG	1,964,827		89,354,143
TOTAL GERMANY			836,605,364
Ireland - 1.1%
Actavis PLC (a)	513,700		136,921,598
Israel - 1.3%
Teva Pharmaceutical Industries Ltd. sponsored ADR	2,643,292		150,297,583
Italy - 1.8%
Intesa Sanpaolo SpA	30,611,700		89,516,636
Mediaset SpA (a)	12,669,900		57,754,726
Telecom Italia SpA (a)(d)	62,140,000		72,204,668
TOTAL ITALY			219,476,030
Japan - 18.6%
Astellas Pharma, Inc.	8,074,400		124,712,085
Dentsu, Inc.	1,871,600		76,867,590
East Japan Railway Co.	1,234,000		95,311,850
Fujitsu Ltd.	11,867,000		62,710,942
Hitachi Ltd.	13,734,000		103,720,493
Hoya Corp.	3,353,500		129,956,832
Itochu Corp.	7,451,400		75,448,872
Japan Tobacco, Inc.	4,652,400		126,715,812
KDDI Corp.	1,954,300		137,952,008
Mitsubishi Electric Corp.	5,334,000		61,691,621
Mitsubishi UFJ Financial Group, Inc.	47,099,500		250,299,467
Nippon Prologis REIT, Inc.	13,041		30,704,397
Nippon Telegraph & Telephone Corp.	2,054,600		121,605,179
OMRON Corp.	1,612,100		64,449,600
ORIX Corp.	5,750,600		66,079,106
Seven & i Holdings Co., Ltd.	3,433,600		125,649,483
Seven Bank Ltd.	16,029,600		71,744,700
SoftBank Corp.	696,700		41,001,979
Sony Financial Holdings, Inc.	4,102,400		57,015,226
Common Stocks - continued
	Shares		Value
Japan - continued
Sumitomo Mitsui Trust Holdings, Inc.	26,096,000		$ 91,767,268
Toyota Motor Corp.	5,099,900		328,795,562
TOTAL JAPAN			2,244,200,072
Korea (South) - 0.6%
Samsung Electronics Co. Ltd.	53,485		65,866,204
Luxembourg - 0.5%
RTL Group SA	645,839		61,230,058
Netherlands - 2.3%
ING Groep NV (Certificaten Van Aandelen) (a)	8,692,834		108,072,896
Reed Elsevier NV	6,917,046		169,111,881
TOTAL NETHERLANDS			277,184,777
Singapore - 1.1%
Singapore Telecommunications Ltd.	37,845,000		113,969,233
UOL Group Ltd.	3,723,700		19,817,024
TOTAL SINGAPORE			133,786,257
Spain - 2.4%
Amadeus IT Holding SA Class A (d)	1,696,074		68,210,499
Iberdrola SA	23,047,257		159,593,958
Mediaset Espana Comunicacion, S.A. (a)	5,272,900		64,320,680
TOTAL SPAIN			292,125,137
Sweden - 1.4%
Nordea Bank AB	13,107,133		166,805,384
Switzerland - 5.4%
Nestle SA	3,244,369		247,775,629
Novartis AG	2,036,911		198,502,676
Roche Holding AG (participation certificate)	229,269		61,791,993
Syngenta AG (Switzerland)	184,703		60,164,019
UBS Group AG	4,887,771		81,528,020
TOTAL SWITZERLAND			649,762,337
United Kingdom - 23.5%
AstraZeneca PLC (United Kingdom)	3,150,672		224,281,668
BAE Systems PLC	19,432,650		148,542,497
Barclays PLC	41,663,758		146,324,310
BG Group PLC	4,313,200		57,528,885
BP PLC sponsored ADR	6,743,800		261,861,754
Bunzl PLC	4,349,311		124,271,185
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Compass Group PLC	7,754,417		$ 134,433,381
HSBC Holdings PLC sponsored ADR (d)	5,579,188		255,080,475
Imperial Tobacco Group PLC	3,212,128		151,142,470
Informa PLC	9,239,163		71,250,060
ITV PLC	34,934,385		115,759,976
Johnson Matthey PLC	1,275,300		62,639,143
Liberty Global PLC Class A (a)	1,616,400		75,518,208
Lloyds Banking Group PLC (a)	164,649,800		182,401,456
Meggitt PLC	1,661,035		13,484,977
National Grid PLC	11,863,600		166,790,290
Prudential PLC	3,976,473		96,669,620
Rio Tinto PLC	4,396,500		193,195,292
Standard Chartered PLC (United Kingdom)	2,191,899		29,306,868
Tesco PLC	14,805,400		50,066,862
Vodafone Group PLC sponsored ADR	7,583,666		266,414,187
TOTAL UNITED KINGDOM			2,826,963,564
United States of America - 3.0%
Altria Group, Inc.	1,825,300		96,923,430
Constellation Brands, Inc. Class A (sub. vtg.) (a)	921,000		101,724,450
Energizer Holdings, Inc.	102,879		13,169,541
McGraw Hill Financial, Inc.	783,200		70,049,408
ResMed, Inc. CDI	13,652,880		85,042,966
TOTAL UNITED STATES OF AMERICA			366,909,795
TOTAL COMMON STOCKS (Cost $11,011,423,548)		11,612,899,482
Nonconvertible Preferred Stocks - 1.1%

Germany - 1.1%
Volkswagen AG (Cost $130,371,194)	612,290		137,201,331
Money Market Funds - 2.9%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	218,916,046		$ 218,916,046
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	126,909,970		126,909,970
TOTAL MONEY MARKET FUNDS (Cost $345,826,016)		345,826,016
TOTAL INVESTMENT PORTFOLIO - 100.4% (Cost $11,487,620,758)			12,095,926,829
NET OTHER ASSETS (LIABILITIES) - (0.4)%			(48,612,679)
NET ASSETS - 100%		$ 12,047,314,150

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 43,087
Fidelity Securities Lending Cash Central Fund	998,249
Total	$ 1,041,336

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,687,126,025	$ 985,635,180	$ 701,490,845	$ -
Consumer Staples	866,172,611	362,959,891	503,212,720	-
Energy	702,517,289	315,603,899	386,913,390	-
Financials	3,055,655,058	1,236,928,155	1,818,726,903	-
Health Care	1,658,690,802	527,304,804	1,131,385,998	-
Industrials	907,663,786	591,384,533	316,279,253	-
Information Technology	721,525,773	294,821,702	426,704,071	-
Materials	601,506,924	348,147,613	253,359,311	-
Telecommunication Services	1,121,162,412	409,233,267	711,929,145	-
Utilities	428,080,133	261,289,843	166,790,290	-
Money Market Funds	345,826,016	345,826,016	-	-
Total Investments in Securities:	$ 12,095,926,829	$ 5,679,134,903	$ 6,416,791,926	$ -

Transfers	Total
Level 1 to Level 2	$ 217,385,600
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $11,517,328,930. Net unrealized appreciation aggregated $578,597,899, of which $1,190,442,154 related to appreciated investment securities and $611,844,255 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Total Emerging Markets Fund

January 31, 2015

1.931232.103

TEK-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 53.9%
	Shares		Value
Argentina - 0.3%
Grupo Financiero Galicia SA sponsored ADR	5,100		$ 83,436
YPF SA Class D sponsored ADR	5,200		121,940
TOTAL ARGENTINA			205,376
Bermuda - 1.2%
Aquarius Platinum Ltd. (Australia) (a)	331,675		71,111
Credicorp Ltd. (United States)	1,292		186,203
GP Investments Ltd. Class A (depositary receipt) (a)	76,222		153,396
Shangri-La Asia Ltd.	100,000		129,812
Yue Yuen Industrial (Holdings) Ltd.	84,500		314,430
TOTAL BERMUDA			854,952
Brazil - 1.1%
BR Properties SA	330		1,096
Cielo SA	11,400		169,943
Companhia de Saneamento de Minas Gerais	5,300		33,579
Cosan SA Industria e Comercio	4,677		42,757
Fibria Celulose SA (a)	17,800		214,270
Minerva SA (a)	44,600		143,445
Smiles SA	9,800		154,309
T4F Entretenimento SA (a)	21,700		19,490
TOTAL BRAZIL			778,889
British Virgin Islands - 0.0%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	1,702		24,509
Canada - 0.4%
Goldcorp, Inc.	6,400		154,573
Pan American Silver Corp.	10,900		127,094
Torex Gold Resources, Inc. (a)	36,200		41,308
TOTAL CANADA			322,975
Cayman Islands - 4.0%
58.com, Inc. ADR (a)	2,650		101,946
Alibaba Group Holding Ltd. sponsored ADR	800		71,264
China Lodging Group Ltd. ADR (a)	6,600		143,220
China ZhengTong Auto Services Holdings Ltd.	311,100		155,729
Cimc Enric Holdings Ltd.	34,000		26,182
Eurasia Drilling Co. Ltd. GDR (Reg. S)	4,210		79,990
Haitian International Holdings Ltd.	41,000		79,490
Hengan International Group Co. Ltd.	20,500		243,337
Leju Holdings Ltd. ADR (e)	8,151		82,977
Shenzhou International Group Holdings Ltd.	46,000		167,142
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
SINA Corp. (a)	1,901		$ 68,854
Tencent Holdings Ltd.	57,900		976,574
Tingyi (Cayman Islands) Holding Corp.	186,000		458,140
Uni-President China Holdings Ltd.	264,600		226,854
Yingde Gases Group Co. Ltd.	89,500		60,306
TOTAL CAYMAN ISLANDS			2,942,005
Chile - 0.8%
Empresa Nacional de Electricidad SA	77,989		111,805
Enersis SA	279,532		86,267
Inversiones La Construccion SA	9,279		111,275
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR	5,100		121,686
Vina Concha y Toro SA	102,732		187,278
TOTAL CHILE			618,311
China - 6.3%
Anhui Conch Cement Co. Ltd. (H Shares)	35,000		117,165
Baoshan Iron & Steel Co. Ltd.	94,800		89,467
BBMG Corp. (H Shares)	205,500		179,840
China Life Insurance Co. Ltd. (H Shares)	179,470		695,463
China Pacific Insurance Group Co. Ltd. (H Shares)	87,580		420,889
China Shenhua Energy Co. Ltd. (H Shares)	54,000		148,232
China Suntien Green Energy Corp. Ltd. (H Shares)	258,850		57,913
China Telecom Corp. Ltd. (H Shares)	494,257		292,297
Daqin Railway Co. Ltd. (A Shares)	109,400		184,591
Industrial & Commercial Bank of China Ltd. (H Shares)	1,415,900		1,009,717
Kweichow Moutai Co. Ltd.	8,900		250,538
Maanshan Iron & Steel Ltd. (H Shares) (a)	232,000		63,023
PetroChina Co. Ltd. (H Shares)	388,000		421,330
PICC Property & Casualty Co. Ltd. (H Shares)	221,955		432,884
Qingdao Haier Co. Ltd.	61,900		196,202
Zhuzhou CSR Times Electric Co. Ltd. (H Shares)	20,500		114,358
TOTAL CHINA			4,673,909
Colombia - 0.3%
BanColombia SA sponsored ADR	5,486		253,837
Czech Republic - 0.1%
Komercni Banka A/S	464		94,642
Egypt - 0.1%
Citadel Capital Corp. (a)	236,600		100,375
Common Stocks - continued
	Shares		Value
Greece - 0.3%
National Bank of Greece SA (a)	50,260		$ 51,398
Public Power Corp. of Greece (a)	5,492		29,789
Titan Cement Co. SA (Reg.)	4,900		109,356
TOTAL GREECE			190,543
Hong Kong - 3.0%
China Mobile Ltd.	13,535		177,423
China Mobile Ltd. sponsored ADR	9,759		637,458
China Power International Development Ltd.	228,600		129,790
China Resources Power Holdings Co. Ltd.	65,315		182,880
CNOOC Ltd.	266,000		352,946
CNOOC Ltd. sponsored ADR	70		9,321
Far East Horizon Ltd.	244,400		208,229
Lenovo Group Ltd.	120,000		154,511
Sinotruk Hong Kong Ltd.	151,500		83,125
Techtronic Industries Co. Ltd.	80,000		261,261
TOTAL HONG KONG			2,196,944
India - 7.7%
Adani Ports & Special Economic Zone	39,204		215,125
Axis Bank Ltd. (a)	73,823		704,122
Bharti Airtel Ltd. (a)	20,668		124,321
Bharti Infratel Ltd.	65,710		382,360
Coal India Ltd.	46,231		267,832
Eicher Motors Ltd.	700		183,320
GAIL India Ltd.	17,754		120,821
Grasim Industries Ltd.	3,098		206,902
HCL Technologies Ltd.	3,398		97,927
Infosys Ltd.	12,601		432,526
ITC Ltd. (a)	66,502		393,868
JK Cement Ltd.	8,661		97,203
Larsen & Toubro Ltd. (a)	7,605		207,862
LIC Housing Finance Ltd.	20,035		154,234
Lupin Ltd.	9,564		250,277
Oil & Natural Gas Corp. Ltd.	25,774		145,510
Petronet LNG Ltd. (a)	35,004		101,418
Phoenix Mills Ltd. (a)	29,330		190,752
Power Grid Corp. of India Ltd.	61,403		150,139
SREI Infrastructure Finance Ltd.	313,747		232,062
State Bank of India	75,389		374,417
Sun TV Ltd.	7,414		48,607
Tata Consultancy Services Ltd.	5,265		210,574
Common Stocks - continued
	Shares		Value
India - continued
Wipro Ltd.	10,588		$ 103,224
Yes Bank Ltd.	20,416		283,020
TOTAL INDIA			5,678,423
Indonesia - 1.0%
PT Bakrieland Development Tbk (a)	14,219,500		55,733
PT Bank Mandiri (Persero) Tbk	130,500		112,414
PT Bank Rakyat Indonesia Tbk	423,400		387,403
PT Kalbe Farma Tbk	1,226,100		179,895
TOTAL INDONESIA			735,445
Israel - 0.3%
Bezeq The Israel Telecommunication Corp. Ltd.	115,050		183,778
Kenya - 0.2%
Equity Group Holdings Ltd. (a)	220,600		129,977
Korea (South) - 8.4%
AMOREPACIFIC Group, Inc.	248		280,425
Bgf Retail (a)	913		66,788
Daewoo International Corp.	15,697		389,326
E-Mart Co. Ltd.	1,436		270,293
Fila Korea Ltd.	1,416		140,638
Hyundai HCN	2,781		10,930
Hyundai Industrial Development & Construction Co.	4,304		167,021
Hyundai Mobis	3,090		692,974
KB Financial Group, Inc.	4,481		149,330
Korea Electric Power Corp.	4,197		162,788
Korea Zinc Co. Ltd.	374		144,921
Korean Reinsurance Co.	24,213		223,384
LG Chemical Ltd.	1,244		221,937
NAVER Corp.	330		212,187
POSCO	1,303		300,265
Samsung C&T Corp.	3,596		180,756
Samsung Electronics Co. Ltd.	1,499		1,845,995
Shinhan Financial Group Co. Ltd.	9,521		385,624
SK Hynix, Inc. (a)	6,581		282,001
SK Telecom Co. Ltd. sponsored ADR	3,327		95,651
TOTAL KOREA (SOUTH)			6,223,234
Common Stocks - continued
	Shares		Value
Luxembourg - 0.3%
Globant SA (a)	2,640		$ 36,643
Tenaris SA sponsored ADR	6,500		183,560
TOTAL LUXEMBOURG			220,203
Mexico - 2.6%
America Movil S.A.B. de CV Series L sponsored ADR	16,473		352,357
Banregio Grupo Financiero S.A.B. de CV (a)	28,600		147,966
Credito Real S.A.B. de CV	26,227		52,858
Grupo Aeroportuario del Pacifico SA de CV Series B	21,500		142,143
Grupo Aeroportuario Norte S.A.B. de CV	13,900		63,753
Grupo Comercial Chedraui S.A.B. de CV (a)	35,176		97,482
Grupo Financiero Banorte S.A.B. de CV Series O	67,650		343,316
Grupo Televisa SA de CV (CPO) sponsored ADR	12,400		404,364
Macquarie Mexican (REIT)	196,670		323,814
TOTAL MEXICO			1,928,053
Netherlands - 0.1%
Cnova NV (a)	7,500		41,250
Nigeria - 0.5%
Guaranty Trust Bank PLC GDR (Reg. S)	27,480		145,644
Transnational Corp. of Nigeria PLC	2,320,279		34,888
Zenith Bank PLC	2,625,785		224,147
TOTAL NIGERIA			404,679
Panama - 0.3%
Copa Holdings SA Class A	2,000		215,020
Philippines - 1.8%
Alliance Global Group, Inc.	622,500		351,008
Metropolitan Bank & Trust Co.	160,634		345,242
Nickel Asia Corp.	112,250		68,934
PNOC Energy Development Corp.	513,900		99,156
Robinsons Land Corp.	676,900		425,065
TOTAL PHILIPPINES			1,289,405
Poland - 0.0%
Cyfrowy Polsat SA	900		5,788
Puerto Rico - 0.1%
Popular, Inc. (a)	2,190		67,518
Russia - 1.1%
Bashneft OJSC rights (a)	150		0
E.ON Russia JSC (a)	1,392,700		50,477
LUKOIL Oil Co. sponsored ADR (United Kingdom)	8,800		346,720
Common Stocks - continued
	Shares		Value
Russia - continued
Mobile TeleSystems OJSC (a)	22,881		$ 72,293
NOVATEK OAO GDR (Reg. S)	3,500		245,000
Sberbank of Russia sponsored ADR	13,864		51,366
TMK OAO GDR (Reg. S)	7,498		19,120
TOTAL RUSSIA			784,976
Singapore - 0.4%
Ezion Holdings Ltd.	80,040		75,042
First Resources Ltd.	149,900		205,892
TOTAL SINGAPORE			280,934
South Africa - 3.0%
Alexander Forbes Group Holding (a)	85,293		69,165
Aspen Pharmacare Holdings Ltd.	10,644		398,559
Barclays Africa Group Ltd.	20,956		356,261
Bidvest Group Ltd.	8,356		230,614
Blue Label Telecoms Ltd.	124,954		90,553
JSE Ltd.	12,090		126,232
Life Healthcare Group Holdings Ltd.	48,800		181,607
Naspers Ltd. Class N	5,000		721,310
TOTAL SOUTH AFRICA			2,174,301
Taiwan - 5.5%
Advantech Co. Ltd.	16,000		118,610
Catcher Technology Co. Ltd.	17,000		147,588
E.SUN Financial Holdings Co. Ltd.	301,297		184,015
Hon Hai Precision Industry Co. Ltd. (Foxconn)	191,624		522,030
Inotera Memories, Inc. (a)	69,000		97,945
King's Town Bank	100,000		104,778
Largan Precision Co. Ltd.	2,000		165,118
MediaTek, Inc.	21,000		317,011
Pegatron Corp.	56,000		147,837
Radiant Opto-Electronics Corp.	21,000		65,955
Taiwan Cement Corp.	90,000		120,636
Taiwan Fertilizer Co. Ltd.	83,000		143,565
Taiwan Semiconductor Manufacturing Co. Ltd.	285,000		1,244,302
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	5,442		123,588
Unified-President Enterprises Corp.	255,243		403,783
Universal Cement Corp.	78,740		66,798
Vanguard International Semiconductor Corp.	47,000		79,037
Voltronic Power Technology Corp.	50		448
TOTAL TAIWAN			4,053,044
Common Stocks - continued
	Shares		Value
Thailand - 1.1%
Intouch Holdings PCL NVDR	86,800		$ 213,393
Kasikornbank PCL (For. Reg.)	47,140		321,462
PTT Exploration and Production PCL (For. Reg.)	35,000		116,562
Thai Union Frozen Products PCL (For. Reg.)	288,700		190,962
TOTAL THAILAND			842,379
Turkey - 1.1%
Aselsan A/S	17,000		82,696
Aygaz A/S	21,427		91,093
Tupras Turkiye Petrol Rafinelleri A/S	7,100		154,259
Turkcell Iletisim Hizmet A/S sponsored ADR (a)	5,390		77,832
Turkiye Garanti Bankasi A/S	100,054		420,706
TOTAL TURKEY			826,586
United Arab Emirates - 0.3%
DP World Ltd.	5,893		115,797
First Gulf Bank PJSC	25,994		120,308
TOTAL UNITED ARAB EMIRATES			236,105
United States of America - 0.2%
Cognizant Technology Solutions Corp. Class A (a)	2,220		120,169
TOTAL COMMON STOCKS (Cost $33,920,981)		39,698,534
Nonconvertible Preferred Stocks - 3.2%

Brazil - 1.9%
Ambev SA sponsored ADR	17,400		114,492
Banco do Estado Rio Grande do Sul SA	38,030		172,912
Braskem SA (PN-A)	26,800		124,349
Companhia Paranaense de Energia-Copel:
(PN-B)	615		7,151
(PN-B) sponsored	4,595		53,302
Itau Unibanco Holding SA sponsored ADR	39,078		473,625
Marcopolo SA (PN)	58,200		58,130
Petroleo Brasileiro SA - Petrobras (PN) sponsored (non-vtg.)	35,006		215,287
TIM Participacoes SA sponsored ADR	1,037		22,887
Vale SA (PN-A) sponsored ADR	25,300		158,378
TOTAL BRAZIL			1,400,513
Korea (South) - 1.0%
Hyundai Motor Co. Series 2	1,980		214,536
Nonconvertible Preferred Stocks - continued
	Shares		Value
Korea (South) - continued
Samsung Electronics Co. Ltd.	322		$ 310,915
Samsung Fire & Marine Insurance Co. Ltd.	1,403		220,622
TOTAL KOREA (SOUTH)			746,073
Russia - 0.3%
Surgutneftegas (a)	376,450		227,126
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $2,659,920)		2,373,712

Nonconvertible Bonds - 11.8%
	Principal Amount
Argentina - 0.4%
YPF SA 8.875% 12/19/18 (f)	$ 300,000		307,500
Azerbaijan - 0.2%
International Bank of Azerbaijan OJSC 5.625% 6/11/19 (Reg. S)	200,000		181,220
Brazil - 0.4%
Caixa Economica Federal 3.5% 11/7/22 (f)	300,000		264,000
Cayman Islands - 1.5%
Alibaba Group Holding Ltd. 3.125% 11/28/21 (f)	300,000		303,650
Petrobras International Finance Co. Ltd.:
5.375% 1/27/21	530,000		476,173
8.375% 12/10/18	300,000		312,000
TOTAL CAYMAN ISLANDS			1,091,823
Chile - 0.4%
Empresa Nacional de Petroleo 5.25% 8/10/20 (Reg. S)	300,000		318,874
Georgia - 0.3%
JSC Georgian Railway 7.75% 7/11/22 (f)	200,000		209,280
Indonesia - 1.1%
PT Pertamina Persero:
5.625% 5/20/43 (f)	200,000		197,500
6.5% 5/27/41 (f)	550,000		596,750
TOTAL INDONESIA			794,250
Nonconvertible Bonds - continued
	Principal Amount		Value
Ireland - 0.4%
Vnesheconombank Via VEB Finance PLC:
5.375% 2/13/17 (f)	$ 250,000		$ 222,328
6.8% 11/22/25 (f)	100,000		68,428
TOTAL IRELAND			290,756
Israel - 0.8%
B Communications Ltd. 7.375% 2/15/21 (f)	300,000		313,500
Israel Electric Corp. Ltd. 7.25% 1/15/19 (Reg. S)	250,000		279,350
TOTAL ISRAEL			592,850
Kazakhstan - 1.4%
Kazagro National Management Holding JSC 4.625% 5/24/23 (f)	400,000		325,176
KazMunaiGaz Finance Sub BV 6% 11/7/44 (f)	200,000		164,000
KazMunaiGaz National Co. 5.75% 4/30/43 (f)	300,000		241,512
Zhaikmunai International BV 7.125% 11/13/19 (f)	350,000		280,700
TOTAL KAZAKHSTAN			1,011,388
Luxembourg - 0.6%
RSHB Capital SA:
5.1% 7/25/18 (f)	400,000		320,042
6.299% 5/15/17 (Reg. S)	100,000		88,522
TOTAL LUXEMBOURG			408,564
Mexico - 1.2%
Pemex Project Funding Master Trust 6.625% 6/15/35	350,000		401,555
Petroleos Mexicanos:
5.5% 1/21/21	400,000		432,200
6.625% (f)(g)	70,000		70,784
TOTAL MEXICO			904,539
Netherlands - 0.6%
Mozambique Ematum Finance 2020 6.305% 9/11/20 (Reg. S)	200,000		185,500
Petrobras Global Finance BV 7.25% 3/17/44	300,000		258,747
TOTAL NETHERLANDS			444,247
South Africa - 0.4%
Eskom Holdings Ltd. 6.75% 8/6/23 (f)	300,000		303,810
Trinidad & Tobago - 0.2%
Petroleum Co. of Trinidad & Tobago Ltd. 9.75% 8/14/19 (f)	150,000		174,750
Nonconvertible Bonds - continued
	Principal Amount		Value
Tunisia - 0.3%
Banque Centrale de Tunisie 5.75% 1/30/25 (f)	$ 200,000		$ 204,500
Turkey - 0.4%
Arcelik A/S 5% 4/3/23 (f)	300,000		291,000
Venezuela - 1.2%
Petroleos de Venezuela SA:
5.5% 4/12/37	500,000		147,975
6% 11/15/26 (Reg. S)	700,000		213,553
8.5% 11/2/17 (f)	250,000		142,875
9% 11/17/21 (Reg. S)	150,000		52,714
9.75% 5/17/35 (f)	300,000		106,860
12.75% 2/17/22 (f)	600,000		252,840
TOTAL VENEZUELA			916,817
TOTAL NONCONVERTIBLE BONDS (Cost $9,510,679)		8,710,168
Government Obligations - 27.1%

Argentina - 0.4%
Argentine Republic 7% 10/3/15	300,000		294,500
Armenia - 0.8%
Republic of Armenia 6% 9/30/20 (f)	625,000		604,688
Azerbaijan - 0.7%
Azerbaijan Republic 4.75% 3/18/24 (f)	200,000		194,904
State Oil Co. of Azerbaijan Republic 4.75% 3/13/23 (Reg. S)	325,000		294,155
TOTAL AZERBAIJAN			489,059
Barbados - 0.4%
Barbados Government 7% 8/4/22 (f)	350,000		330,750
Belarus - 0.4%
Belarus Republic 8.75% 8/3/15 (Reg. S)	325,000		300,326
Belize - 0.3%
Belize Government 5% 2/20/38 (d)(f)	332,500		241,225
Bolivia - 0.3%
Plurinational State of Bolivia 4.875% 10/29/22 (f)	200,000		200,500
Brazil - 1.2%
Brazilian Federative Republic 4.25% 1/7/25	850,000		847,875
Government Obligations - continued
	Principal Amount		Value
Colombia - 0.4%
Colombian Republic 7.375% 9/18/37	$ 225,000		$ 303,750
Congo - 0.4%
Congo Republic 3.5% 6/30/29 (d)	305,900		272,251
Costa Rica - 0.8%
Costa Rican Republic:
4.375% 4/30/25 (f)	225,000		203,119
7% 4/4/44 (f)	400,000		389,000
TOTAL COSTA RICA			592,119
Croatia - 0.4%
Croatia Republic 6% 1/26/24 (f)	250,000		274,188
Dominican Republic - 0.5%
Dominican Republic:
5.875% 4/18/24 (f)	150,000		158,250
7.45% 4/30/44 (f)	200,000		218,500
TOTAL DOMINICAN REPUBLIC			376,750
Ecuador - 0.2%
Ecuador Republic 7.95% 6/20/24 (f)	200,000		177,000
Egypt - 0.2%
Arab Republic of Egypt 6.875% 4/30/40 (f)	150,000		152,625
El Salvador - 0.2%
El Salvador Republic 7.625% 2/1/41 (f)	150,000		161,250
Ethiopia - 0.3%
Federal Democratic Republic of Ethiopia 6.625% 12/11/24 (f)	200,000		196,750
Gabon - 0.3%
Gabonese Republic 6.375% 12/12/24 (f)	200,000		188,000
Georgia - 0.3%
Georgia Republic 6.875% 4/12/21 (f)	200,000		217,500
Ghana - 0.5%
Ghana Republic:
7.875% 8/7/23 (Reg.S)	200,000		175,000
8.125% 1/18/26 (f)	200,000		173,000
TOTAL GHANA			348,000
Guatemala - 0.3%
Guatemalan Republic 4.875% 2/13/28 (f)	200,000		209,000
Government Obligations - continued
	Principal Amount		Value
Hungary - 1.0%
Hungarian Republic:
5.75% 11/22/23	$ 200,000		$ 231,906
7.625% 3/29/41	350,000		518,000
TOTAL HUNGARY			749,906
Indonesia - 0.4%
Indonesian Republic 6.75% 1/15/44 (f)	200,000		258,000
Iraq - 0.3%
Republic of Iraq 5.8% 1/15/28 (Reg. S)	250,000		199,653
Ivory Coast - 0.6%
Ivory Coast:
5.375% 7/23/24 (f)	200,000		188,500
5.75% 12/31/32	275,000		258,555
TOTAL IVORY COAST			447,055
Jamaica - 0.2%
Jamaican Government 8% 6/24/19	150,000		159,750
Jordan - 0.4%
Jordanian Kingdom 3.875% 11/12/15	300,000		301,290
Kazakhstan - 0.2%
Kazakhstan Republic 4.875% 10/14/44 (f)	200,000		175,400
Kenya - 0.3%
Republic of Kenya 6.875% 6/24/24 (f)	200,000		208,000
Lebanon - 0.5%
Lebanese Republic:
5% 10/12/17	100,000		100,120
11.625% 5/11/16 (Reg. S)	250,000		273,005
TOTAL LEBANON			373,125
Mexico - 1.1%
Comision Federal de Electricid 4.875% 1/15/24 (f)	200,000		211,600
United Mexican States 5.75% 10/12/2110	500,000		565,000
TOTAL MEXICO			776,600
Mongolia - 0.2%
Mongolian People's Republic 5.125% 12/5/22 (Reg. S)	200,000		166,000
Morocco - 0.3%
Moroccan Kingdom 5.5% 12/11/42 (f)	200,000		224,250
Namibia - 0.3%
Republic of Namibia 5.5% 11/3/21 (f)	200,000		215,000
Government Obligations - continued
	Principal Amount		Value
Netherlands - 0.3%
Republic of Angola 7% 8/16/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S)	$ 250,000		$ 242,500
Nigeria - 0.3%
Republic of Nigeria 6.375% 7/12/23	200,000		183,532
Pakistan - 0.3%
Islamic Republic of Pakistan 7.25% 4/15/19 (f)	200,000		203,750
Panama - 0.3%
Panamanian Republic 4.3% 4/29/53	200,000		200,500
Peru - 0.4%
Peruvian Republic 8.75% 11/21/33	200,000		317,500
Philippines - 0.8%
Philippine Republic 9.5% 2/2/30	350,000		594,125
Qatar - 0.4%
State of Qatar 5.75% 1/20/42 (f)	250,000		317,188
Romania - 0.4%
Romanian Republic 6.125% 1/22/44 (f)	200,000		266,750
Russia - 2.7%
Russian Federation:
4.875% 9/16/23 (f)	200,000		168,600
5% 4/29/20 (f)	325,000		287,755
5.625% 4/4/42 (f)	200,000		160,000
5.875% 9/16/43 (f)	200,000		165,000
7.5% 3/31/30 (Reg. S)	638,625		642,199
12.75% 6/24/28 (Reg. S)	425,000		576,513
TOTAL RUSSIA			2,000,067
Senegal - 0.3%
Republic of Senegal 8.75% 5/13/21 (f)	200,000		227,000
Serbia - 0.4%
Republic of Serbia 7.25% 9/28/21 (f)	260,000		297,580
South Africa - 0.4%
South African Republic 5.875% 9/16/25	250,000		290,000
Sri Lanka - 0.4%
Democratic Socialist Republic of Sri Lanka 6.25% 10/4/20 (f)	300,000		316,875
Tanzania - 0.3%
United Republic of Tanzania 6.3289% 3/9/20 (i)	200,000		202,000
Government Obligations - continued
	Principal Amount		Value
Turkey - 2.1%
Turkish Republic:
6.625% 2/17/45	$ 200,000		$ 259,560
7% 6/5/20	250,000		293,410
7.25% 3/5/38	250,000		339,625
7.375% 2/5/25	300,000		382,410
11.875% 1/15/30	165,000		300,989
TOTAL TURKEY			1,575,994
Ukraine - 0.6%
Ukraine Government:
6.58% 11/21/16 (f)	250,000		134,750
6.75% 11/14/17 (f)	200,000		103,800
7.5% 4/17/23 (Reg. S)	250,000		124,880
9.25% 7/24/17 (f)	200,000		106,232
TOTAL UKRAINE			469,662
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.03% 3/12/15 to 4/23/15 (h)	90,000		89,999
Venezuela - 1.0%
Venezuelan Republic:
7% 3/31/38	650,000		206,375
8.25% 10/13/24	300,000		98,250
9% 5/7/23 (Reg. S)	100,000		33,250
9.25% 9/15/27	650,000		240,500
12.75% 8/23/22	325,000		121,875
TOTAL VENEZUELA			700,250
Vietnam - 0.3%
Vietnamese Socialist Republic 6.75% 1/29/20 (f)	200,000		225,750
Zambia - 0.2%
Republic of Zambia 5.375% 9/20/22 (f)	200,000		178,000
TOTAL GOVERNMENT OBLIGATIONS (Cost $20,404,773)		19,931,157
Preferred Securities - 0.4%

China - 0.4%
Sinochem Group 5% (f)(g)(i) (Cost $312,642)	300,000		308,271

Money Market Funds - 3.0%
	Shares		Value
Fidelity Cash Central Fund, 0.13% (b)	2,164,410		$ 2,164,410
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	66,000		66,000
TOTAL MONEY MARKET FUNDS (Cost $2,230,410)		2,230,410
TOTAL INVESTMENT PORTFOLIO - 99.4% (Cost $69,039,405)			73,252,252
NET OTHER ASSETS (LIABILITIES) - 0.6%			465,490
NET ASSETS - 100%		$ 73,717,742

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
28 NYSE E-mini MSCI Emerging Markets Index Contracts (United States)	March 2015	$ 1,332,100	$ (17,523)

The face value of futures purchased as a percentage of net assets is 1.8%

Legend

(a) Non-income producing

(d) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

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

(g) Security is perpetual in nature with no stated maturity date.

(h) 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 $89,999.

(i) Coupon rates for floating and adjustable rate securities reflect the rates in effect 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 Cash Central Fund	$ 536
Fidelity Securities Lending Cash Central Fund	175
Total	$ 711

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 3,821,992	$ 768,421	$ 3,053,571	$ -
Consumer Staples	3,533,577	542,697	2,990,880	-
Energy	3,331,865	1,645,080	1,686,785	-
Financials	11,917,222	3,272,599	8,644,623	-
Health Care	1,010,338	-	1,010,338	-
Industrials	3,181,318	677,539	2,503,779	-
Information Technology	8,331,760	799,893	7,531,867	-
Materials	3,003,087	1,051,014	1,952,073	-
Telecommunication Services	2,632,050	1,442,256	1,189,794	-
Utilities	1,309,037	463,463	845,574	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Corporate Bonds	$ 8,710,168	$ -	$ 8,710,168	$ -
Government Obligations	19,931,157	-	19,931,157	-
Preferred Securities	308,271	-	308,271	-
Money Market Funds	2,230,410	2,230,410	-	-
Total Investments in Securities:	$ 73,252,252	$ 12,893,372	$ 60,358,880	$ -
Derivative Instruments:
Liabilities
Futures Contracts	$ (17,523)	$ (17,523)	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 11,420,873
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $69,209,028. Net unrealized appreciation aggregated $4,043,224, of which $9,038,101 related to appreciated investment securities and $4,994,877 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

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. Corporate bonds, foreign government and government agency obligations, preferred securities and 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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Total International
Equity Fund

January 31, 2015

1.863104.107

TIE-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value
Argentina - 0.2%
Banco Macro SA sponsored ADR	6,700		$ 258,888
Grupo Financiero Galicia SA sponsored ADR	15,500		253,580
YPF SA Class D sponsored ADR	12,300		288,435
TOTAL ARGENTINA			800,903
Australia - 3.5%
Ansell Ltd.	36,338		637,831
Australia & New Zealand Banking Group Ltd.	73,816		1,884,337
Carsales.com Ltd.	35,762		284,766
CSL Ltd.	41,674		2,836,064
DuluxGroup Ltd.	12,301		56,980
Imdex Ltd. (a)	42,463		9,684
RCG Corp. Ltd.	76,989		43,629
SEEK Ltd.	20,673		284,512
Sydney Airport unit	279,267		1,079,149
Telstra Corp. Ltd.	139,586		704,070
TFS Corp. Ltd.	43,497		49,556
Transurban Group unit	250,720		1,793,051
Westpac Banking Corp.	89,997		2,405,266
TOTAL AUSTRALIA			12,068,895
Austria - 0.5%
Andritz AG	29,961		1,625,085
Zumtobel AG	2,800		64,451
TOTAL AUSTRIA			1,689,536
Bailiwick of Jersey - 1.2%
Shire PLC	40,280		2,939,951
Wolseley PLC	17,089		994,058
WPP PLC	13,500		296,873
TOTAL BAILIWICK OF JERSEY			4,230,882
Belgium - 2.1%
Anheuser-Busch InBev SA NV	40,771		4,972,683
Gimv NV	1,319		59,693
KBC Ancora (a)	4,181		125,743
KBC Groupe SA (a)	36,317		1,958,138
TOTAL BELGIUM			7,116,257
Bermuda - 0.8%
China Gas Holdings Ltd.	220,000		340,020
China Resources Gas Group Ltd.	120,000		292,077
Credicorp Ltd. (United States)	3,700		533,244
Common Stocks - continued
	Shares		Value
Bermuda - continued
Lazard Ltd. Class A	15,400		$ 705,320
Petra Diamonds Ltd. (a)	141,500		326,937
Summit Ascent Holdings Ltd. (a)	518,000		288,194
Travelport Worldwide Ltd.	19,500		304,005
Vostok Nafta Investment Ltd. SDR (a)	7,560		30,608
TOTAL BERMUDA			2,820,405
Brazil - 1.2%
BB Seguridade Participacoes SA	44,900		491,963
CCR SA	71,800		408,871
Cetip SA - Mercados Organizado	26,100		335,096
Cielo SA	39,000		581,385
Iguatemi Empresa de Shopping Centers SA	32,200		291,609
Kroton Educacional SA	103,900		476,277
Qualicorp SA (a)	36,900		365,115
Smiles SA	18,000		283,425
Ultrapar Participacoes SA	22,100		436,523
Weg SA	32,700		389,975
TOTAL BRAZIL			4,060,239
British Virgin Islands - 0.1%
Gem Diamonds Ltd. (a)	13,773		29,250
Mail.Ru Group Ltd. GDR (a)(e)	17,000		244,800
TOTAL BRITISH VIRGIN ISLANDS			274,050
Canada - 0.8%
Canadian Pacific Railway Ltd.	4,766		830,665
Imperial Oil Ltd.	15,600		579,951
Pason Systems, Inc.	30,000		422,838
Potash Corp. of Saskatchewan, Inc.	23,200		844,599
ShawCor Ltd. Class A	2,100		57,677
TOTAL CANADA			2,735,730
Cayman Islands - 2.1%
58.com, Inc. ADR (a)	900		34,623
Alibaba Group Holding Ltd. sponsored ADR	3,800		338,504
Autohome, Inc. ADR Class A (a)	7,800		277,836
Baidu.com, Inc. sponsored ADR (a)	1,700		370,464
Bitauto Holdings Ltd. ADR (a)	5,300		317,046
Sands China Ltd.	280,800		1,367,032
Sino Biopharmaceutical Ltd.	504,000		503,491
SouFun Holdings Ltd. ADR (d)	50,000		305,500
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Tencent Holdings Ltd.	162,600		$ 2,742,502
Wynn Macau Ltd.	289,600		801,945
TOTAL CAYMAN ISLANDS			7,058,943
China - 0.8%
China International Travel Service Corp. Ltd. (A Shares)	44,400		324,990
China Pacific Insurance Group Co. Ltd. (H Shares)	132,400		636,283
Daqin Railway Co. Ltd. (A Shares)	178,700		301,522
Kweichow Moutai Co. Ltd.	12,900		363,140
PICC Property & Casualty Co. Ltd. (H Shares)	246,340		480,443
SAIC Motor Corp. Ltd.	85,900		309,122
Weifu High-Technology Co. Ltd. (B Shares)	64,700		236,417
TOTAL CHINA			2,651,917
Denmark - 1.3%
Jyske Bank A/S (Reg.) (a)	16,654		755,960
Novo Nordisk A/S Series B sponsored ADR	68,400		3,047,904
Spar Nord Bank A/S	13,331		120,457
Topdanmark A/S (a)	15,900		533,151
TOTAL DENMARK			4,457,472
Egypt - 0.1%
Commercial International Bank SAE sponsored GDR	57,100		408,836
Finland - 0.6%
Kone Oyj (B Shares)	6,500		293,433
Sampo Oyj (A Shares)	30,953		1,501,208
Tikkurila Oyj	18,980		343,158
TOTAL FINLAND			2,137,799
France - 6.9%
Atos Origin SA	14,980		1,110,099
AXA SA	70,906		1,670,981
BNP Paribas SA	29,854		1,577,956
Cap Gemini SA	17,902		1,306,203
Coface SA	3,500		42,813
GDF Suez	49,169		1,095,940
Havas SA	99,286		768,523
Ingenico SA	2,859		299,419
Laurent-Perrier Group SA	859		67,850
LVMH Moet Hennessy - Louis Vuitton SA	2,051		332,580
Orange SA	97,400		1,713,567
Renault SA	10,511		810,160
Common Stocks - continued
	Shares		Value
France - continued
Safran SA	25,614		$ 1,713,185
Saft Groupe SA	1,254		40,215
Sanofi SA	30,847		2,842,240
Schneider Electric SA	16,790		1,271,171
Total SA	67,815		3,480,985
Unibail-Rodamco	5,000		1,413,065
Vetoquinol SA	1,500		59,274
Virbac SA	510		113,646
Vivendi SA	63,509		1,509,580
Zodiac Aerospace (d)	9,700		323,021
TOTAL FRANCE			23,562,473
Germany - 4.6%
Allianz SE	13,481		2,222,902
alstria office REIT-AG	2,900		37,178
BASF AG	24,270		2,180,295
Bayer AG	30,212		4,371,571
CompuGroup Medical AG	6,146		159,109
Continental AG	4,183		948,667
CTS Eventim AG	8,266		237,251
Fielmann AG	2,158		147,068
Fresenius SE & Co. KGaA	20,900		1,198,799
GEA Group AG	20,664		939,734
Linde AG	18,149		3,484,372
TOTAL GERMANY			15,926,946
Greece - 0.1%
Folli Follie SA	11,400		341,244
Titan Cement Co. SA (Reg.)	2,144		47,849
TOTAL GREECE			389,093
Hong Kong - 0.2%
AIA Group Ltd.	58,600		340,169
Galaxy Entertainment Group Ltd.	62,000		323,837
TOTAL HONG KONG			664,006
India - 2.7%
Adani Ports & Special Economic Zone	70,381		386,203
Asian Paints India Ltd.	11,236		155,172
Axis Bank Ltd. (a)	42,854		408,740
Exide Industries Ltd.	116,722		349,427
Grasim Industries Ltd.	5,051		337,334
HCL Technologies Ltd.	18,330		528,252
Common Stocks - continued
	Shares		Value
India - continued
HDFC Bank Ltd.	19,982		$ 381,197
Housing Development Finance Corp. Ltd.	82,773		1,679,703
ICICI Bank Ltd. (a)	84,976		492,997
ITC Ltd. (a)	99,130		587,112
Jyothy Laboratories Ltd. (a)	16,584		77,082
Larsen & Toubro Ltd. (a)	20,016		547,083
LIC Housing Finance Ltd.	60,567		466,258
Lupin Ltd.	15,207		397,946
Sun Pharmaceutical Industries Ltd. (a)	38,394		567,191
Sun TV Ltd.	52,056		341,282
Tata Consultancy Services Ltd.	17,504		700,075
Tata Motors Ltd. (a)	53,628		505,049
Titan Co. Ltd. (a)	58,319		418,814
TOTAL INDIA			9,326,917
Indonesia - 1.5%
PT ACE Hardware Indonesia Tbk	6,056,100		353,283
PT Astra International Tbk	1,042,700		642,049
PT Bank Central Asia Tbk	600,000		629,976
PT Bank Rakyat Indonesia Tbk	632,300		578,542
PT Global Mediacom Tbk	3,029,600		441,889
PT Indocement Tunggal Prakarsa Tbk	207,400		373,837
PT Jasa Marga Tbk	676,300		382,667
PT Matahari Department Store Tbk	295,300		360,657
PT Media Nusantara Citra Tbk	1,935,600		435,490
PT Semen Gresik (Persero) Tbk	323,000		369,374
PT Surya Citra Media Tbk	1,271,400		341,295
PT Tower Bersama Infrastructure Tbk	458,900		343,613
TOTAL INDONESIA			5,252,672
Ireland - 1.3%
Actavis PLC (a)	5,400		1,439,316
CRH PLC sponsored ADR	51,829		1,251,152
FBD Holdings PLC	5,372		66,774
James Hardie Industries PLC:
CDI	15,656		156,980
sponsored ADR	29,355		1,484,482
TOTAL IRELAND			4,398,704
Israel - 0.6%
Azrieli Group	13,296		458,594
Ituran Location & Control Ltd.	1,761		36,523
Sarine Technologies Ltd.	25,000		48,113
Common Stocks - continued
	Shares		Value
Israel - continued
Strauss Group Ltd. (a)	4,759		$ 69,737
Teva Pharmaceutical Industries Ltd. sponsored ADR	27,909		1,586,906
TOTAL ISRAEL			2,199,873
Italy - 1.1%
Azimut Holding SpA	26,614		622,227
Beni Stabili SpA SIIQ	222,926		166,636
Interpump Group SpA	51,891		739,410
Intesa Sanpaolo SpA	328,200		959,743
Mediaset SpA (a)	135,400		617,210
Telecom Italia SpA (a)	663,200		770,617
TOTAL ITALY			3,875,843
Japan - 13.5%
Air Water, Inc.	3,000		51,619
Aozora Bank Ltd.	204,000		742,393
Artnature, Inc.	8,000		83,647
Asahi Co. Ltd.	6,000		58,709
Astellas Pharma, Inc.	206,400		3,187,924
Autobacs Seven Co. Ltd.	4,400		64,419
Azbil Corp.	5,000		124,235
Broadleaf Co. Ltd.	3,200		49,390
Coca-Cola Central Japan Co. Ltd.	31,800		529,469
Cosmos Pharmaceutical Corp.	500		80,567
Daiichikosho Co. Ltd.	1,600		46,335
Daikokutenbussan Co. Ltd.	5,000		193,792
DENSO Corp.	64,800		2,866,643
Dentsu, Inc.	20,200		829,625
East Japan Railway Co.	22,800		1,761,029
Fanuc Corp.	6,800		1,141,987
Fast Retailing Co. Ltd.	3,900		1,446,806
Fujitsu Ltd.	125,000		660,560
GCA Savvian Group Corp.	3,400		34,226
Glory Ltd.	2,100		55,034
Goldcrest Co. Ltd.	6,560		102,236
Harmonic Drive Systems, Inc.	4,700		74,478
Hitachi Ltd.	147,000		1,110,158
Hoya Corp.	36,100		1,398,969
Itochu Corp.	79,900		809,024
Iwatsuka Confectionary Co. Ltd.	1,400		80,835
Japan Tobacco, Inc.	70,600		1,922,908
KDDI Corp.	21,100		1,489,427
Common Stocks - continued
	Shares		Value
Japan - continued
Keyence Corp.	5,921		$ 2,767,693
Kobayashi Pharmaceutical Co. Ltd.	1,500		100,319
Koshidaka Holdings Co. Ltd.	4,000		72,719
Kyoto Kimono Yuzen Co. Ltd.	2,600		22,147
Lasertec Corp.	3,900		48,240
Medikit Co. Ltd.	1,700		53,135
Meiko Network Japan Co. Ltd.	2,700		27,937
Miraial Co. Ltd.	2,400		30,952
Mitsubishi Electric Corp.	60,000		693,944
Mitsubishi UFJ Financial Group, Inc.	507,600		2,697,524
Mitsui Fudosan Co. Ltd.	54,000		1,365,207
Nabtesco Corp.	3,800		98,103
Nagaileben Co. Ltd.	6,600		109,129
ND Software Co. Ltd.	3,000		63,271
Nihon M&A Center, Inc.	1,500		52,059
Nihon Parkerizing Co. Ltd.	7,400		176,422
Nippon Prologis REIT, Inc.	227		534,460
Nippon Seiki Co. Ltd.	3,000		67,845
Nippon Telegraph & Telephone Corp.	22,100		1,308,028
NS Tool Co. Ltd.	3,800		54,865
OBIC Co. Ltd.	4,000		134,179
OMRON Corp.	16,900		675,639
ORIX Corp.	60,500		695,195
OSG Corp.	12,400		228,306
Paramount Bed Holdings Co. Ltd.	1,400		38,723
San-Ai Oil Co. Ltd.	8,000		53,087
Seven & i Holdings Co., Ltd.	37,000		1,353,982
Seven Bank Ltd.	432,300		1,934,873
SHO-BOND Holdings Co. Ltd.	22,900		969,404
Shoei Co. Ltd.	3,900		60,924
SK Kaken Co. Ltd.	1,000		76,873
SoftBank Corp.	7,500		441,388
Software Service, Inc.	1,600		54,261
Sony Financial Holdings, Inc.	42,500		590,666
Sumitomo Mitsui Trust Holdings, Inc.	280,920		987,863
Techno Medica Co. Ltd.	1,800		37,576
TFP Consulting Group Co. Ltd.	2,000		54,832
The Nippon Synthetic Chemical Industry Co. Ltd.	10,000		61,494
TKC Corp.	3,800		67,287
Tocalo Co. Ltd.	2,800		47,137
Toyota Motor Corp.	54,700		3,526,563
Tsutsumi Jewelry Co. Ltd.	2,000		42,709
Common Stocks - continued
	Shares		Value
Japan - continued
USS Co. Ltd.	128,000		$ 2,008,134
Workman Co. Ltd.	2,000		98,283
Yamato Kogyo Co. Ltd.	24,300		625,382
TOTAL JAPAN			46,205,203
Kenya - 0.5%
East African Breweries Ltd.	89,800		304,722
Kenya Commercial Bank Ltd.	469,600		299,745
Safaricom Ltd.	6,201,700		957,491
TOTAL KENYA			1,561,958
Korea (South) - 2.0%
Bgf Retail (a)	8,387		613,524
Coway Co. Ltd.	7,926		630,127
KEPCO Plant Service & Engineering Co. Ltd.	3,861		308,488
Leeno Industrial, Inc.	1,964		70,957
NAVER Corp.	1,955		1,257,045
Samsung Electronics Co. Ltd.	3,171		3,905,053
TOTAL KOREA (SOUTH)			6,785,194
Luxembourg - 0.2%
RTL Group SA	6,827		647,247
Malaysia - 0.2%
Astro Malaysia Holdings Bhd	330,200		265,273
Tune Insurance Holdings Bhd	586,600		291,803
TOTAL MALAYSIA			557,076
Mexico - 1.5%
Banregio Grupo Financiero S.A.B. de CV (a)	56,900		294,379
Compartamos S.A.B. de CV	59,000		111,470
Consorcio ARA S.A.B. de CV (a)	230,655		99,405
Fomento Economico Mexicano S.A.B. de CV:
unit (a)	73,600		614,696
sponsored ADR (a)	5,833		487,405
Grupo Aeroportuario del Pacifico SA de CV Series B	56,400		372,877
Grupo Aeroportuario del Sureste SA de CV Series B (a)	31,600		413,154
Grupo Aeroportuario Norte S.A.B. de CV	64,100		293,997
Grupo Financiero Banorte S.A.B. de CV Series O	115,500		586,149
Grupo Mexico SA de CV Series B	171,400		452,699
Grupo Televisa SA de CV (a)	97,100		631,981
Common Stocks - continued
	Shares		Value
Mexico - continued
Megacable Holdings S.A.B. de CV unit (a)	91,500		$ 334,087
Promotora y Operadora de Infraestructura S.A.B. de CV (a)	30,700		345,555
TOTAL MEXICO			5,037,854
Netherlands - 1.4%
Aalberts Industries NV	7,600		219,939
ASM International NV (depositary receipt)	1,050		43,890
Heijmans NV (Certificaten Van Aandelen)	5,281		50,623
ING Groep NV (Certificaten Van Aandelen) (a)	215,223		2,675,741
Reed Elsevier NV	73,112		1,787,484
VastNed Retail NV	3,438		170,724
TOTAL NETHERLANDS			4,948,401
Nigeria - 0.3%
Guaranty Trust Bank PLC GDR (Reg. S)	62,000		328,600
Nestle Foods Nigeria PLC	64,097		273,493
Nigerian Breweries PLC	406,262		307,637
TOTAL NIGERIA			909,730
Norway - 0.1%
Schibsted ASA (B Shares)	3,900		252,398
Philippines - 0.9%
Alliance Global Group, Inc.	741,000		417,826
GT Capital Holdings, Inc.	15,300		417,847
Jollibee Food Corp.	16,970		88,887
Metropolitan Bank & Trust Co.	189,630		407,562
Robinsons Land Corp.	506,600		318,123
Robinsons Retail Holdings, Inc.	209,240		374,645
SM Investments Corp.	23,900		501,334
SM Prime Holdings, Inc.	1,034,900		433,986
TOTAL PHILIPPINES			2,960,210
Russia - 0.3%
Magnit OJSC GDR (Reg. S)	12,100		462,220
NOVATEK OAO GDR (Reg. S)	5,900		413,000
Sberbank of Russia sponsored ADR	86,100		319,001
TOTAL RUSSIA			1,194,221
Singapore - 0.5%
Singapore Telecommunications Ltd.	408,000		1,228,681
UOL Group Ltd.	97,000		516,221
TOTAL SINGAPORE			1,744,902
Common Stocks - continued
	Shares		Value
South Africa - 3.2%
Alexander Forbes Group Holding (a)	415,047		$ 336,564
Aspen Pharmacare Holdings Ltd.	16,400		614,089
Bidvest Group Ltd.	20,132		555,615
Clicks Group Ltd.	116,095		897,256
Coronation Fund Managers Ltd.	34,400		304,443
Discovery Ltd.	40,700		400,868
FirstRand Ltd.	128,500		571,873
Life Healthcare Group Holdings Ltd.	115,800		430,943
Mr Price Group Ltd.	21,300		482,444
MTN Group Ltd.	82,100		1,417,761
Nampak Ltd.	119,130		434,293
Naspers Ltd. Class N	20,900		3,015,074
Remgro Ltd.	20,800		481,307
Sanlam Ltd.	87,300		523,254
Woolworths Holdings Ltd.	53,500		397,108
TOTAL SOUTH AFRICA			10,862,892
Spain - 1.8%
Amadeus IT Holding SA Class A	26,864		1,080,381
Iberdrola SA	247,120		1,711,217
Inditex SA	78,310		2,312,694
Mediaset Espana Comunicacion, S.A. (a)	56,500		689,207
Prosegur Compania de Seguridad SA (Reg.)	84,576		471,164
TOTAL SPAIN			6,264,663
Sweden - 2.7%
ASSA ABLOY AB (B Shares)	38,500		2,104,560
Atlas Copco AB (A Shares)	46,059		1,365,482
Fagerhult AB	47,155		782,193
H&M Hennes & Mauritz AB (B Shares)	34,138		1,406,910
Intrum Justitia AB	18,563		494,687
Nordea Bank AB	138,467		1,762,173
Svenska Handelsbanken AB (A Shares)	30,315		1,439,140
TOTAL SWEDEN			9,355,145
Switzerland - 7.3%
Compagnie Financiere Richemont SA Series A	4,020		333,974
Nestle SA	97,813		7,470,074
Novartis AG	57,234		5,577,613
Roche Holding AG (participation certificate)	23,782		6,409,664
Schindler Holding AG:
(participation certificate)	6,511		968,637
(Reg.)	2,251		328,506
Common Stocks - continued
	Shares		Value
Switzerland - continued
Syngenta AG (Switzerland)	1,982		$ 645,604
UBS Group AG	202,597		3,379,318
TOTAL SWITZERLAND			25,113,390
Taiwan - 1.4%
Addcn Technology Co. Ltd.	4,000		39,536
Delta Electronics, Inc.	99,000		600,330
Giant Manufacturing Co. Ltd.	41,000		355,272
Largan Precision Co. Ltd.	5,000		412,795
Merida Industry Co. Ltd.	50,500		346,313
Taiwan Semiconductor Manufacturing Co. Ltd.	680,035		2,969,014
TOTAL TAIWAN			4,723,260
Thailand - 0.7%
Airports of Thailand PCL (For. Reg.)	45,200		445,508
Bangkok Dusit Medical Services PCL (For. Reg.)	578,900		327,882
Bumrungrad Hospital PCL (For. Reg.)	82,700		392,971
Central Pattana PCL (For. Reg.)	199,300		271,388
Kasikornbank PCL (For. Reg.)	86,200		587,824
Thai Beverage PCL	625,000		333,037
TOTAL THAILAND			2,358,610
Turkey - 0.4%
Albaraka Turk Katilim Bankasi A/S	83,907		59,338
Coca-Cola Icecek Sanayi A/S	55,189		1,114,474
TAV Havalimanlari Holding A/S	50,000		374,034
TOTAL TURKEY			1,547,846
United Arab Emirates - 0.2%
DP World Ltd.	16,415		322,555
First Gulf Bank PJSC	89,762		415,446
TOTAL UNITED ARAB EMIRATES			738,001
United Kingdom - 15.5%
Al Noor Hospitals Group PLC	23,400		320,025
AstraZeneca PLC (United Kingdom)	33,302		2,370,614
Babcock International Group PLC	50,723		768,574
BAE Systems PLC	307,321		2,349,151
Barclays PLC	446,735		1,568,946
Bellway PLC	6,528		179,344
Berendsen PLC	45,355		761,015
BG Group PLC	46,200		616,209
BP PLC sponsored ADR	72,000		2,795,760
Common Stocks - continued
	Shares		Value
United Kingdom - continued
British American Tobacco PLC (United Kingdom)	5,300		$ 299,005
Britvic PLC	11,317		120,087
Bunzl PLC	46,832		1,338,113
Compass Group PLC	82,007		1,421,703
Dechra Pharmaceuticals PLC	9,000		117,258
Derwent London PLC	2,000		98,054
Diageo PLC	10,099		298,937
Elementis PLC	33,108		137,833
GlaxoSmithKline PLC	41,800		920,382
Great Portland Estates PLC	13,372		158,207
H&T Group PLC	10,000		25,605
Hilton Food Group PLC	5,400		31,965
Howden Joinery Group PLC	11,200		71,678
HSBC Holdings PLC sponsored ADR	58,966		2,695,926
Imperial Tobacco Group PLC	33,791		1,589,991
Informa PLC	211,718		1,632,715
InterContinental Hotel Group PLC ADR	57,596		2,290,017
Intertek Group PLC	8,900		307,381
ITE Group PLC	23,200		45,689
ITV PLC	376,519		1,247,648
Johnson Matthey PLC	45,477		2,233,702
Liberty Global PLC Class A (a)	17,400		812,928
Lloyds Banking Group PLC (a)	1,740,300		1,927,930
Meggitt PLC	61,449		498,869
National Grid PLC	126,680		1,780,993
Prudential PLC	223,672		5,437,554
Reckitt Benckiser Group PLC	33,751		2,856,511
Rio Tinto PLC	46,500		2,043,348
Rolls-Royce Group PLC	45,152		606,291
Rotork PLC	2,100		72,908
SABMiller PLC	50,863		2,777,490
Shaftesbury PLC	56,637		663,686
Spectris PLC	5,870		184,785
Spirax-Sarco Engineering PLC	5,107		234,611
Standard Chartered PLC (United Kingdom)	23,349		312,189
Taylor Wimpey PLC	43,700		89,122
Ted Baker PLC	2,775		99,184
Tesco PLC	152,300		515,027
Ultra Electronics Holdings PLC	4,501		118,572
Unite Group PLC	82,677		610,063
Vodafone Group PLC sponsored ADR	80,126		2,814,826
TOTAL UNITED KINGDOM			53,268,421
Common Stocks - continued
	Shares		Value
United States of America - 8.6%
A.O. Smith Corp.	5,500		$ 326,755
Affiliated Managers Group, Inc. (a)	1,500		308,280
Altria Group, Inc.	19,600		1,040,760
American Tower Corp.	3,000		290,850
ANSYS, Inc. (a)	400		32,268
Autoliv, Inc.	15,754		1,670,869
Ball Corp.	4,600		291,318
Berkshire Hathaway, Inc. Class B (a)	6,316		908,936
BorgWarner, Inc.	24,394		1,317,520
Broadridge Financial Solutions, Inc.	1,140		54,709
China Biologic Products, Inc. (a)	4,600		313,444
Constellation Brands, Inc. Class A (sub. vtg.) (a)	9,700		1,071,365
Cummins, Inc.	6,091		849,451
Dril-Quip, Inc. (a)	770		57,157
Ecolab, Inc.	3,000		311,310
Energizer Holdings, Inc.	3,000		384,030
Evercore Partners, Inc. Class A	1,160		55,529
FMC Technologies, Inc. (a)	10,903		408,644
Google, Inc.:
Class A (a)	4,180		2,246,959
Class C (a)	648		346,369
International Flavors & Fragrances, Inc.	3,000		318,330
Kansas City Southern	2,600		286,234
Kennedy-Wilson Holdings, Inc.	5,183		137,816
Las Vegas Sands Corp.	5,600		304,472
Martin Marietta Materials, Inc.	7,080		762,799
MasterCard, Inc. Class A	28,390		2,328,832
McGraw Hill Financial, Inc.	14,000		1,252,160
Mead Johnson Nutrition Co. Class A	5,700		561,393
Mohawk Industries, Inc. (a)	7,835		1,293,088
Moody's Corp.	8,500		776,305
National Oilwell Varco, Inc.	4,446		241,996
Oceaneering International, Inc.	9,638		504,646
Philip Morris International, Inc.	13,300		1,067,192
PPG Industries, Inc.	1,500		334,320
PriceSmart, Inc.	8,085		661,191
ResMed, Inc. (d)	10,120		632,196
ResMed, Inc. CDI	147,144		916,551
Solera Holdings, Inc.	11,485		592,626
SS&C Technologies Holdings, Inc.	23,054		1,275,578
Common Stocks - continued
	Shares		Value
United States of America - continued
Union Pacific Corp.	6,000		$ 703,260
Visa, Inc. Class A	9,631		2,455,038
TOTAL UNITED STATES OF AMERICA			29,692,546
TOTAL COMMON STOCKS (Cost $288,830,126)		334,837,559
Nonconvertible Preferred Stocks - 1.2%

Brazil - 0.5%
Ambev SA sponsored ADR	135,000		888,300
Itau Unibanco Holding SA sponsored ADR	74,000		896,880
TOTAL BRAZIL			1,785,180
Colombia - 0.1%
Grupo Aval Acciones y Valores SA	636,001		334,943
Germany - 0.6%
Henkel AG & Co. KGaA	2,700		309,982
Sartorius AG (non-vtg.)	1,050		134,668
Volkswagen AG	6,390		1,431,865
TOTAL GERMANY			1,876,515
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $4,116,238)		3,996,638
Money Market Funds - 1.5%

Fidelity Cash Central Fund, 0.13% (b)	4,542,847		4,542,847
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	640,625		640,625
TOTAL MONEY MARKET FUNDS (Cost $5,183,472)		5,183,472
TOTAL INVESTMENT PORTFOLIO - 100.2% (Cost $298,129,836)			344,017,669
NET OTHER ASSETS (LIABILITIES) - (0.2)%			(669,149)
NET ASSETS - 100%		$ 343,348,520

Legend

(a) Non-income producing

(d) Security or a portion of the security is on loan 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 Cash Central Fund	$ 1,578
Fidelity Securities Lending Cash Central Fund	9,357
Total	$ 10,935

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 54,305,923	$ 25,548,181	$ 28,757,742	$ -
Consumer Staples	36,286,624	14,205,980	22,080,644	-
Energy	10,356,908	6,206,627	4,150,281	-
Financials	73,835,063	33,110,630	40,724,433	-
Health Care	46,088,673	13,859,231	32,229,442	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Industrials	41,141,889	27,762,422	13,379,467	-
Information Technology	36,441,464	15,863,837	20,577,627	-
Materials	20,458,357	14,834,405	5,623,952	-
Telecommunication Services	14,699,049	5,281,897	9,417,152	-
Utilities	5,220,247	2,807,157	2,413,090	-
Money Market Funds	5,183,472	5,183,472	-	-
Total Investments in Securities:	$ 344,017,669	$ 164,663,839	$ 179,353,830	$ -

Transfers	Total
Level 1 to Level 2	$ 20,212,755
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $298,907,163. Net unrealized appreciation aggregated $45,110,506, of which $57,726,038 related to appreciated investment securities and $12,615,532 related to depreciated investment securities.

Investment Valuation

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.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Worldwide Fund

January 31, 2015

1.813085.110

WLD-QTLY-0315

Investments January 31, 2015 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.7%
	Shares		Value
Australia - 1.5%
Ansell Ltd.	174,223		$ 3,058,089
Asaleo Care Ltd. (a)	1,040,279		1,329,130
Australia & New Zealand Banking Group Ltd.	363,547		9,280,443
Flight Centre Travel Group Ltd.	41,365		1,207,496
G8 Education Ltd.	377,605		1,225,402
Greencross Ltd. (e)	73,412		505,911
Ramsay Health Care Ltd.	80,656		3,711,693
Spotless Group Holdings Ltd.	1,248,598		1,802,341
Woodside Petroleum Ltd.	44,635		1,185,461
TOTAL AUSTRALIA			23,305,966
Austria - 0.1%
Andritz AG	28,200		1,529,568
Bailiwick of Jersey - 0.9%
MySale Group PLC (e)	608,400		584,187
Randgold Resources Ltd. sponsored ADR	24,000		2,046,240
Shire PLC	110,200		8,043,263
Wolseley PLC	66,164		3,848,723
TOTAL BAILIWICK OF JERSEY			14,522,413
Belgium - 1.6%
Anheuser-Busch InBev SA NV	86,511		10,551,415
Anheuser-Busch InBev SA NV ADR	54,000		6,591,780
Arseus NV	16,100		658,041
KBC Groupe SA (a)	120,727		6,509,352
TOTAL BELGIUM			24,310,588
Bermuda - 0.5%
BW Offshore Ltd.	560,800		537,870
Freescale Semiconductor, Inc. (a)	39,000		1,251,510
PAX Global Technology Ltd. (a)	4,249,000		3,978,466
Travelport Worldwide Ltd.	122,900		1,916,011
TOTAL BERMUDA			7,683,857
Canada - 1.1%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	52,000		2,037,523
Constellation Software, Inc.	17,300		4,793,545
Imperial Oil Ltd.	59,200		2,200,840
Potash Corp. of Saskatchewan, Inc.	52,600		1,914,910
PrairieSky Royalty Ltd. (e)	97,200		2,093,621
Suncor Energy, Inc.	39,400		1,175,148
TransForce, Inc.	90,200		2,047,193
TOTAL CANADA			16,262,780
Cayman Islands - 0.8%
Alibaba Group Holding Ltd. sponsored ADR	30,900		2,752,572
Baidu.com, Inc. sponsored ADR (a)	12,700		2,767,584
ENN Energy Holdings Ltd.	198,000		1,170,430
Greatview Aseptic Pack Co. Ltd.	1,799,000		820,069
International Housewares Retail Co. Ltd.	3,317,000		836,093

	Shares		Value
Vipshop Holdings Ltd. ADR (a)	87,000		$ 1,947,930
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	53,700		2,153,370
TOTAL CAYMAN ISLANDS			12,448,048
China - 0.1%
Daqin Railway Co. Ltd. (A Shares)	445,000		750,851
Kweichow Moutai Co. Ltd.	38,000		1,069,714
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares)	48,959		160,570
TOTAL CHINA			1,981,135
Cyprus - 0.0%
SPDI Secure Property Development & Investment PLC (a)	31,822		15,338
Denmark - 0.5%
ISS Holdings A/S (a)	45,600		1,348,987
Novo Nordisk A/S Series B	120,580		5,374,336
Vestas Wind Systems A/S (a)	25,300		993,197
TOTAL DENMARK			7,716,520
Finland - 0.3%
Sampo Oyj (A Shares)	99,200		4,811,160
France - 3.4%
Accor SA	72,900		3,651,361
Air Liquide SA	21,800		2,759,008
Atos Origin SA	33,157		2,457,113
AXA SA	322,600		7,602,440
BNP Paribas SA	45,930		2,427,665
Havas SA	390,700		3,024,213
Ingenico SA	18,261		1,912,445
Numericable Group SA (a)	119,465		6,236,790
Rexel SA	80,110		1,502,703
Schneider Electric SA	45,700		3,459,947
Sodexo SA	27,200		2,708,764
SR Teleperformance SA	18,900		1,358,092
Total SA	213,415		10,954,722
Unibail-Rodamco	9,900		2,797,869
TOTAL FRANCE			52,853,132
Germany - 3.2%
Aareal Bank AG	63,891		2,428,340
Allianz SE	8,120		1,338,919
Bayer AG	69,000		9,984,059
Beiersdorf AG	15,300		1,345,084
Continental AG	18,900		4,286,350
Deutsche Annington Immobilien SE	50,700		1,764,563
Deutsche Boerse AG	28,600		2,198,594
Drillisch AG	127,100		4,954,994
Fresenius SE & Co. KGaA	29,600		1,697,820
GEA Group AG	92,994		4,229,074
KION Group AG	95,589		3,715,736
LEG Immobilien AG	59,550		4,571,112
Common Stocks - continued
	Shares		Value
Germany - continued
ProSiebenSat.1 Media AG	43,542		$ 1,935,625
Siemens AG	42,151		4,452,700
TOTAL GERMANY			48,902,970
Greece - 0.1%
Folli Follie SA	59,300		1,775,068
Hong Kong - 1.2%
AIA Group Ltd.	1,627,400		9,446,958
Hutchison Whampoa Ltd.	117,000		1,548,398
Techtronic Industries Co. Ltd.	2,162,500		7,062,223
TOTAL HONG KONG			18,057,579
India - 1.8%
Bharti Infratel Ltd.	702,057		4,085,199
Container Corp. of India Ltd.	33,567		791,546
Edelweiss Financial Srvs Ltd.	1,168,424		1,303,200
Housing Development Finance Corp. Ltd.	454,567		9,224,474
Info Edge India Ltd.	114,845		1,573,032
Lupin Ltd.	189,814		4,967,173
The Jammu & Kashmir Bank Ltd.	460,230		1,128,928
Titan Co. Ltd. (a)	144,739		1,039,433
Yes Bank Ltd.	202,552		2,807,913
TOTAL INDIA			26,920,898
Indonesia - 0.4%
PT Bank Central Asia Tbk	2,635,200		2,766,853
PT Bank Rakyat Indonesia Tbk	2,837,700		2,596,441
TOTAL INDONESIA			5,363,294
Ireland - 5.0%
Actavis PLC (a)	145,800		38,861,532
Alkermes PLC (a)	120,610		8,714,073
Bank of Ireland (a)	3,692,100		1,108,614
Glanbia PLC	156,100		2,522,420
Greencore Group PLC	2,008,941		9,325,722
James Hardie Industries PLC CDI	110,525		1,108,213
Kerry Group PLC Class A	59,000		4,281,547
Medtronic PLC	160,000		11,424,000
TOTAL IRELAND			77,346,121
Israel - 0.4%
Bezeq The Israel Telecommunication Corp. Ltd.	1,579,900		2,523,693
Frutarom Industries Ltd.	53,593		1,678,083
Teva Pharmaceutical Industries Ltd. sponsored ADR	32,000		1,819,520
TOTAL ISRAEL			6,021,296
Italy - 0.8%
Assicurazioni Generali SpA	82,100		1,734,855
De Longhi SpA	168,300		3,039,060
Intesa Sanpaolo SpA	607,800		1,777,367

	Shares		Value
Telecom Italia SpA (a)(e)	2,866,200		$ 3,330,432
World Duty Free SpA (a)	159,397		1,759,759
TOTAL ITALY			11,641,473
Japan - 5.9%
A/S One Corp.	67,300		1,800,591
ACOM Co. Ltd. (a)(e)	678,600		1,846,086
Aozora Bank Ltd.	678,000		2,467,365
Astellas Pharma, Inc.	616,500		9,522,070
Broadleaf Co. Ltd.	112,100		1,730,196
Coca-Cola Central Japan Co. Ltd.	98,800		1,645,018
Daiichikosho Co. Ltd.	23,800		689,239
Dentsu, Inc.	57,100		2,345,127
Don Quijote Holdings Co. Ltd.	48,500		3,531,167
Hitachi Ltd.	409,000		3,088,807
Hoya Corp.	147,000		5,696,632
Japan Exchange Group, Inc.	116,500		2,711,009
Japan Tobacco, Inc.	24,100		656,403
KDDI Corp.	108,000		7,623,608
Keyence Corp.	7,660		3,580,565
NEC Corp.	1,525,000		4,307,599
Nidec Corp.	14,700		1,000,305
Nippon Kanzai Co. Ltd.	53,500		1,163,620
Olympus Corp. (a)	95,600		3,306,235
OMRON Corp.	80,100		3,202,291
ORIX Corp.	185,400		2,130,398
Rakuten, Inc.	309,300		4,282,035
Seven Bank Ltd.	1,032,700		4,622,121
Ship Healthcare Holdings, Inc.	67,000		1,662,759
SoftBank Corp.	61,200		3,601,724
Sony Corp.	120,300		2,829,587
Sundrug Co. Ltd.	53,300		2,262,420
Toshiba Plant Systems & Services Corp.	112,200		1,719,779
Tsuruha Holdings, Inc.	70,100		4,710,438
VT Holdings Co. Ltd.	280,200		1,127,653
TOTAL JAPAN			90,862,847
Kenya - 0.2%
Safaricom Ltd.	18,905,500		2,918,852
Korea (South) - 0.5%
Medy-Tox, Inc.	8,652		2,883,960
Naturalendo Tech Co. Ltd.	11,955		561,618
NAVER Corp.	3,720		2,391,921
Samsung Electronics Co. Ltd.	1,619		1,993,781
TOTAL KOREA (SOUTH)			7,831,280
Luxembourg - 0.6%
Altice SA	69,600		5,827,817
Eurofins Scientific SA	2,600		671,333
Grand City Properties SA (a)	196,600		3,221,291
TOTAL LUXEMBOURG			9,720,441
Marshall Islands - 0.1%
Hoegh LNG Partners LP	49,800		1,093,608
Common Stocks - continued
	Shares		Value
Netherlands - 2.2%
AerCap Holdings NV (a)	100,300		$ 3,964,859
IMCD Group BV	122,100		3,877,041
ING Groep NV (Certificaten Van Aandelen) (a)	375,000		4,662,155
NXP Semiconductors NV (a)	128,000		10,155,520
Royal DSM NV	48,538		2,589,920
Unilever NV (Certificaten Van Aandelen) (Bearer)	213,100		9,241,005
TOTAL NETHERLANDS			34,490,500
New Zealand - 0.3%
EBOS Group Ltd.	295,468		2,031,445
Ryman Healthcare Group Ltd.	459,616		2,758,747
TOTAL NEW ZEALAND			4,790,192
Philippines - 0.3%
Alliance Global Group, Inc.	4,919,115		2,773,733
SM Investments Corp.	106,630		2,236,705
TOTAL PHILIPPINES			5,010,438
Portugal - 0.1%
CTT Correios de Portugal SA	153,154		1,618,149
South Africa - 0.4%
Distell Group Ltd.	126,410		1,558,399
Naspers Ltd. Class N	30,400		4,385,562
TOTAL SOUTH AFRICA			5,943,961
Spain - 1.0%
Amadeus IT Holding SA Class A	142,500		5,730,880
Atresmedia Corporacion de Medios de Comunicacion SA	93,500		1,375,628
Criteria CaixaCorp SA	592,500		2,587,045
Inditex SA	133,345		3,938,018
Mediaset Espana Comunicacion, S.A. (a)	140,608		1,715,186
TOTAL SPAIN			15,346,757
Sweden - 1.2%
ASSA ABLOY AB (B Shares)	103,000		5,630,381
H&M Hennes & Mauritz AB (B Shares)	33,403		1,376,619
HEXPOL AB (B Shares)	18,900		1,899,320
Lifco AB (a)	33,100		542,852
Nordea Bank AB	416,000		5,294,143
Svenska Handelsbanken AB (A Shares)	84,400		4,006,710
TOTAL SWEDEN			18,750,025
Switzerland - 2.5%
Clariant AG (Reg.)	151,250		2,437,922
Compagnie Financiere Richemont SA Series A	33,134		2,752,710
Lonza Group AG	38,651		4,596,699
Partners Group Holding AG	13,818		3,711,086
Roche Holding AG (participation certificate)	52,236		14,078,513

	Shares		Value
Schindler Holding AG (participation certificate)	10,829		$ 1,611,023
Sonova Holding AG Class B	21,498		2,835,338
UBS Group AG	382,875		6,417,389
TOTAL SWITZERLAND			38,440,680
Taiwan - 0.1%
ECLAT Textile Co. Ltd.	5,757		59,169
Merida Industry Co. Ltd.	309,750		2,124,165
TOTAL TAIWAN			2,183,334
Turkey - 0.1%
Logo Yazilim Sanayi Ve Ticar (a)	81,183		922,572
United Kingdom - 6.5%
Aberdeen Asset Management PLC	355,842		2,345,937
Al Noor Hospitals Group PLC	210,800		2,882,963
Associated British Foods PLC	48,600		2,271,437
B&M European Value Retail S.A.	406,743		1,934,399
BG Group PLC	240,300		3,205,089
British American Tobacco PLC (United Kingdom)	91,900		5,184,632
BTG PLC (a)	117,300		1,397,517
Bunzl PLC	134,200		3,834,445
Diageo PLC	198,357		5,871,490
Essentra PLC	156,700		1,958,979
Exova Group Ltd. PLC (a)	148,600		335,732
Hikma Pharmaceuticals PLC	151,087		5,370,587
Hilton Food Group PLC	350,100		2,072,370
Howden Joinery Group PLC	360,800		2,309,064
Imperial Tobacco Group PLC	68,233		3,210,614
ITV PLC	907,700		3,007,791
Johnson Matthey PLC	57,900		2,843,885
Liberty Global PLC Class A (a)	41,200		1,924,864
Lloyds Banking Group PLC (a)	4,617,400		5,115,223
London Stock Exchange Group PLC	149,781		5,335,443
Melrose PLC	730,400		2,915,340
Next PLC	56,500		6,157,007
Persimmon PLC	92,000		2,206,041
Poundland Group PLC	248,394		1,321,431
Reckitt Benckiser Group PLC	46,700		3,952,448
Rex Bionics PLC (a)	100,000		105,434
SABMiller PLC	68,800		3,756,981
St. James's Place Capital PLC	335,400		4,334,440
Taylor Wimpey PLC	761,900		1,553,815
Tesco PLC	353,700		1,196,094
The Restaurant Group PLC	123,700		1,340,550
Virgin Money Holdings Uk PLC (a)	305,900		1,440,985
Vodafone Group PLC	1,977,009		6,952,111
Workspace Group PLC	48,900		581,860
TOTAL UNITED KINGDOM			100,226,998
United States of America - 49.0%
Adobe Systems, Inc. (a)	625,200		43,845,276
Agios Pharmaceuticals, Inc. (a)	10,000		1,159,200
Common Stocks - continued
	Shares		Value
United States of America - continued
Alaska Air Group, Inc.	48,000		$ 3,257,760
Alexion Pharmaceuticals, Inc. (a)	9,000		1,649,160
Allegiant Travel Co.	5,000		906,350
Alnylam Pharmaceuticals, Inc. (a)	4,400		412,852
Amazon.com, Inc. (a)	5,000		1,772,650
American Airlines Group, Inc.	123,500		6,061,380
American Electric Power Co., Inc.	13,000		816,530
Ameriprise Financial, Inc.	255,400		31,909,676
Amgen, Inc.	123,000		18,727,980
Anthem, Inc.	49,300		6,653,528
Auspex Pharmaceuticals, Inc.	3,400		208,930
Autodesk, Inc. (a)	23,000		1,242,115
Avalanche Biotechnologies, Inc. (a)	1,800		71,424
Bank of America Corp.	679,400		10,292,910
Becton, Dickinson & Co.	12,000		1,656,960
Biogen Idec, Inc. (a)	13,000		5,059,080
BioMarin Pharmaceutical, Inc. (a)	21,000		2,040,360
bluebird bio, Inc. (a)	6,300		585,333
Booz Allen Hamilton Holding Corp. Class A	51,000		1,484,610
Bristol-Myers Squibb Co.	84,000		5,062,680
Cabela's, Inc. Class A (a)	19,000		1,044,050
Cabot Oil & Gas Corp.	538,140		14,260,710
Celgene Corp. (a)	128,000		15,252,480
Chevron Corp.	37,900		3,885,887
Chimerix, Inc. (a)	3,900		156,429
Chipotle Mexican Grill, Inc. (a)	3,000		2,129,520
Church & Dwight Co., Inc.	21,000		1,699,320
CMS Energy Corp.	24,000		905,520
Comcast Corp. Class A	127,000		6,749,415
Constellation Brands, Inc. Class A (sub. vtg.) (a)	151,300		16,711,085
Cummins, Inc.	60,700		8,465,222
CVS Health Corp.	426,000		41,816,160
Cypress Semiconductor Corp. (e)	85,000		1,252,050
Delta Air Lines, Inc.	94,000		4,447,140
Denbury Resources, Inc. (e)	479,000		3,305,100
Domino's Pizza, Inc.	28,000		2,773,400
Dr. Pepper Snapple Group, Inc.	13,000		1,004,510
Dynegy, Inc. (a)	253,500		6,925,620
Ecolab, Inc.	64,000		6,641,280
Edison International	38,000		2,589,700
Entellus Medical, Inc.	3,100		66,929
Exelon Corp.	107,000		3,856,280
Express Scripts Holding Co. (a)	42,000		3,389,820
Facebook, Inc. Class A (a)	142,500		10,817,175
FedEx Corp.	87,000		14,712,570
Fidelity National Information Services, Inc.	20,000		1,248,600
Gilead Sciences, Inc. (a)	379,000		39,730,570
Google, Inc. Class A (a)	36,900		19,835,595
Humana, Inc.	46,000		6,736,240
Illumina, Inc. (a)	3,400		663,646

	Shares		Value
inContact, Inc. (a)	167,000		$ 1,431,190
Intel Corp.	7,000		231,280
Intercept Pharmaceuticals, Inc. (a)	40,500		8,141,715
Intuit, Inc.	203,000		17,624,460
Isis Pharmaceuticals, Inc. (a)	10,900		746,759
Juno Therapeutics, Inc. (e)	18,000		769,500
Level 3 Communications, Inc. (a)	62,000		3,083,880
Lithia Motors, Inc. Class A (sub. vtg.)	16,000		1,355,200
lululemon athletica, Inc. (a)	41,000		2,715,840
M/A-COM Technology Solutions Holdings, Inc. (a)	82,000		2,665,820
MarketAxess Holdings, Inc.	21,000		1,595,370
Marriott International, Inc. Class A	43,200		3,218,400
MasterCard, Inc. Class A	174,000		14,273,220
McGraw Hill Financial, Inc.	600,400		53,699,772
Moody's Corp.	124,000		11,324,920
Neurocrine Biosciences, Inc. (a)	41,600		1,400,256
Newmont Mining Corp.	34,000		855,100
NextEra Energy Partners LP	35,664		1,429,770
NiSource, Inc.	134,000		5,796,840
Oracle Corp.	50,000		2,094,500
Pacira Pharmaceuticals, Inc. (a)	7,000		751,450
Palo Alto Networks, Inc. (a)	10,000		1,263,900
Papa John's International, Inc.	23,000		1,459,580
Pharmacyclics, Inc. (a)	26,000		4,387,500
Piedmont Office Realty Trust, Inc. Class A	93,000		1,816,290
Prestige Brands Holdings, Inc. (a)	435,000		14,903,100
Procter & Gamble Co.	148,000		12,474,920
PulteGroup, Inc.	405,000		8,338,950
Puma Biotechnology, Inc. (a)	7,000		1,477,560
Ralph Lauren Corp.	33,000		5,507,370
Realogy Holdings Corp. (a)	17,000		790,500
Regeneron Pharmaceuticals, Inc. (a)	1,500		624,990
Rock-Tenn Co. Class A	26,000		1,687,400
Ross Stores, Inc.	126,000		11,555,460
salesforce.com, Inc. (a)	17,300		976,585
Shake Shack, Inc. Class A	500		22,950
Southwest Airlines Co.	115,000		5,195,700
Southwestern Energy Co. (a)	248,000		6,147,920
Spark Therapeutics, Inc.	1,500		75,000
Spirit Airlines, Inc. (a)	121,500		9,008,010
Synageva BioPharma Corp. (a)	11,000		1,267,420
T-Mobile U.S., Inc. (a)	69,000		2,082,420
Target Corp.	114,000		8,391,540
The Cooper Companies, Inc.	13,800		2,175,570
The Hain Celestial Group, Inc. (a)	29,000		1,530,330
The Walt Disney Co.	84,000		7,640,640
TJX Companies, Inc.	33,900		2,235,366
Twitter, Inc. (a)	12,000		450,360
Ultragenyx Pharmaceutical, Inc.	2,700		156,870
Union Pacific Corp.	243,800		28,575,798
United Continental Holdings, Inc. (a)	56,000		3,884,720
UnitedHealth Group, Inc.	119,000		12,643,750
Vertex Pharmaceuticals, Inc. (a)	30,000		3,304,200
Common Stocks - continued
	Shares		Value
United States of America - continued
Visa, Inc. Class A	51,500		$ 13,127,865
Wal-Mart Stores, Inc.	103,000		8,752,940
Wells Fargo & Co.	230,000		11,941,600
Whirlpool Corp.	14,000		2,787,120
Workday, Inc. Class A (a)	1,100		87,406
Xcel Energy, Inc.	151,000		5,667,030
XenoPort, Inc. (a)	35,000		291,550
Zebra Technologies Corp. Class A (a)	261,000		21,783,060
Zimmer Holdings, Inc.	35,000		3,923,500
TOTAL UNITED STATES OF AMERICA			753,568,749
TOTAL COMMON STOCKS (Cost $1,254,214,474)		1,457,188,587
Preferred Stocks - 0.9%

Convertible Preferred Stocks - 0.3%
Cayman Islands - 0.1%
Meituan Corp. Series D (h)(i)	184,583		1,166,878
United States of America - 0.2%
Dynegy, Inc. 5.375%	10,000		1,035,000
Southwestern Energy Co. Series B 6.25% (a)	51,600		2,799,300
TOTAL UNITED STATES OF AMERICA			3,834,300
TOTAL CONVERTIBLE PREFERRED STOCKS			5,001,178
Nonconvertible Preferred Stocks - 0.6%
Germany - 0.6%
Henkel AG & Co. KGaA	7,100		815,137
Volkswagen AG	35,700		7,999,620
TOTAL GERMANY			8,814,757
TOTAL PREFERRED STOCKS (Cost $12,162,704)		13,815,935

Government Obligations - 0.1%
		Principal Amount (d)	Value
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.02% to 0.03% 2/5/15 to 2/12/15 (Cost $899,996)		$ 900,000	$ 899,998
Preferred Securities - 0.1%

Ireland - 0.1%
Baggot Securities Ltd. 10.24% (f)(g) (Cost $1,935,052)	EUR	1,260,000	1,635,393

Money Market Funds - 3.8%
	Shares
Fidelity Cash Central Fund, 0.13% (b)	51,927,827		51,927,827
Fidelity Securities Lending Cash Central Fund, 0.14% (b)(c)	7,307,395		7,307,395
TOTAL MONEY MARKET FUNDS (Cost $59,235,222)		59,235,222
TOTAL INVESTMENT PORTFOLIO - 99.6% (Cost $1,328,447,448)			1,532,775,135
NET OTHER ASSETS (LIABILITIES) - 0.4%			6,554,454
NET ASSETS - 100%		$ 1,539,329,589

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

(d) Amount is stated in United States dollars unless otherwise noted.

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

(g) Security is perpetual in nature with no stated maturity date.

(h) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(i) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,166,878 or 0.1% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Meituan Corp. Series D	1/26/15	$ 1,166,878

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 Cash Central Fund	$ 12,303
Fidelity Securities Lending Cash Central Fund	31,133
Total	$ 43,436

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of January 31, 2015, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the tables below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 182,703,883	$ 146,550,419	$ 36,153,464	$ -
Consumer Staples	170,952,653	122,219,880	48,732,773	-
Energy	52,845,276	37,500,004	15,345,272	-
Financials	265,843,122	199,508,655	66,334,467	-
Health Care	324,305,832	264,829,621	59,476,211	-
Industrials	147,864,655	128,457,799	18,239,978	1,166,878
Information Technology	218,590,908	187,047,618	31,543,290	-
Materials	35,117,370	33,189,088	1,928,282	-
Telecommunication Services	42,588,103	16,995,029	25,593,074	-
Utilities	30,192,720	29,022,290	1,170,430	-
Government Obligations	899,998	-	899,998	-
Preferred Securities	1,635,393	-	1,635,393	-
Money Market Funds	59,235,222	59,235,222	-	-
Total Investments in Securities:	$ 1,532,775,135	$ 1,224,555,625	$ 307,052,632	$ 1,166,878

Transfers	Total
Level 1 to Level 2	$ 15,936,096
Level 2 to Level 1	$ 0

Income Tax Information

At January 31, 2015, the cost of investment securities for income tax purposes was $1,333,694,574. Net unrealized appreciation aggregated $199,080,561, of which $238,996,528 related to appreciated investment securities and $39,915,967 related to depreciated investment securities.

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. In accordance with valuation policies and procedures approved by the Board of Trustees (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 Fidelity Management & Research Company (FMR) Fair Value Committee (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 is responsible for approving and reporting to the Board all fair value determinations. 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:

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.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Investment Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Investment Trust

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	April 1, 2015

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/Kenneth B. Robins
	Kenneth B. Robins
	President and Treasurer

Date:	April 1, 2015
By:	/s/Howard J. Galligan III
	Howard J. Galligan III
	Chief Financial Officer

Date:	April 1, 2015