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:	July 31, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity Advisor® Canada Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
Canada Fund

1.855812.107

ACAN-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value
CONSUMER DISCRETIONARY - 7.2%
Auto Components - 2.9%
Magna International, Inc. Class A (sub. vtg.)	660,000		$ 70,875,774
Hotels, Restaurants & Leisure - 0.7%
Starbucks Corp.	130,000		10,098,400
Tim Hortons, Inc. (Canada)	110,300		6,161,666
			16,260,066
Media - 1.3%
CBS Corp. Class B	160,000		9,092,800
Cineplex, Inc.	200,000		7,149,998
Corus Entertainment, Inc. Class B (non-vtg.)	200,000		4,420,599
Quebecor, Inc. Class B (sub. vtg.)	400,000		9,706,975
			30,370,372
Multiline Retail - 0.9%
Canadian Tire Ltd. Class A (non-vtg.)	80,000		7,599,762
Dollarama, Inc.	173,467		14,278,592
			21,878,354
Specialty Retail - 0.4%
AutoCanada, Inc.	150,000		9,971,110
Textiles, Apparel & Luxury Goods - 1.0%
Gildan Activewear, Inc.	420,195		24,621,689
TOTAL CONSUMER DISCRETIONARY			173,977,365
CONSUMER STAPLES - 3.4%
Food & Staples Retailing - 3.4%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,845,600		50,509,198
CVS Caremark Corp.	150,000		11,454,000
Jean Coutu Group, Inc. Class A (sub. vtg.)	310,000		6,138,304
Metro, Inc. Class A (sub. vtg.)	226,565		14,771,868
			82,873,370
ENERGY - 25.7%
Energy Equipment & Services - 1.7%
Calfrac Well Services Ltd.	450,000		8,605,035
Canyon Services Group, Inc.	100,000		1,438,070
Halliburton Co.	100,000		6,899,000
Pason Systems, Inc.	50,000		1,274,361
Precision Drilling Corp.	800,000		9,971,110
Secure Energy Services, Inc.	100,000		2,115,834
ShawCor Ltd. Class A	200,000		10,123,355
Trican Well Service Ltd.	100,000		1,443,573
			41,870,338
Oil, Gas & Consumable Fuels - 24.0%
ARC Resources Ltd. (d)	700,000		19,285,551
Canadian Natural Resources Ltd.	2,150,000		93,721,741
Cenovus Energy, Inc.	1,050,000		32,250,653
Crescent Point Energy Corp. (d)	633,400		25,844,881

	Shares		Value
Enbridge, Inc.	1,287,800		$ 63,129,188
Encana Corp.	1,100,000		23,687,807
Enerplus Corp.	250,000		5,716,054
Imperial Oil Ltd.	450,000		23,091,209
Inter Pipeline Ltd.	250,000		7,745,219
Keyera Corp.	302,302		22,629,329
Painted Pony Petroleum Ltd. (a)	50,000		530,564
Painted Pony Petroleum Ltd. (a)(e)	113,000		1,199,074
Pembina Pipeline Corp.	500,000		20,947,402
Peyto Exploration & Development Corp.	500,000		16,806,530
PrairieSky Royalty Ltd.	38,500		1,391,205
Suncor Energy, Inc.	2,417,600		99,267,164
Tourmaline Oil Corp. (a)	450,000		21,184,482
Tourmaline Oil Corp. (a)(e)	80,000		3,766,130
TransCanada Corp. (d)	1,060,000		53,177,420
Trilogy Energy Corp. (d)	100,000		2,545,054
Veresen, Inc.	550,000		9,346,999
Vermilion Energy, Inc. (d)	400,000		26,398,863
Whitecap Resources, Inc. (d)	550,000		8,005,228
			581,667,747
TOTAL ENERGY			623,538,085
FINANCIALS - 32.5%
Banks - 23.0%
Bank of Montreal (d)	900,000		67,082,130
Bank of Nova Scotia	1,600,000		108,603,659
Canadian Imperial Bank of Commerce	204,600		18,991,669
National Bank of Canada	200,000		8,951,254
Royal Bank of Canada	2,430,000		179,338,836
The Toronto-Dominion Bank	3,357,600		175,586,144
			558,553,692
Capital Markets - 0.3%
CI Financial Corp.	200,000		6,474,985
Diversified Financial Services - 1.0%
Element Financial Corp. (a)	200,000		2,597,331
McGraw Hill Financial, Inc.	60,000		4,813,200
Onex Corp. (sub. vtg.)	300,000		17,457,697
			24,868,228
Insurance - 5.3%
Industrial Alliance Insurance and Financial Services, Inc. (d)	100,000		4,384,831
Intact Financial Corp.	210,925		14,067,470
Manulife Financial Corp.	3,200,000		65,388,178
Sun Life Financial, Inc. (d)	1,200,000		45,750,447
			129,590,926
Real Estate Investment Trusts - 0.2%
General Growth Properties, Inc.	200,000		4,674,000
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - 2.7%
Brookfield Asset Management, Inc. Class A	1,450,000		$ 64,683,817
TOTAL FINANCIALS			788,845,648
HEALTH CARE - 2.7%
Health Care Providers & Services - 0.3%
Catamaran Corp. (a)	156,468		7,124,901
Pharmaceuticals - 2.4%
Salix Pharmaceuticals Ltd. (a)	60,000		7,914,600
Valeant Pharmaceuticals International (Canada) (a)	441,471		51,756,994
			59,671,594
TOTAL HEALTH CARE			66,796,495
INDUSTRIALS - 9.1%
Aerospace & Defense - 0.2%
MacDonald Dettwiler & Associates Ltd.	50,000		3,736,415
Airlines - 0.6%
Air Canada Class A (a)	1,592,000		13,972,981
Machinery - 0.5%
ATS Automation Tooling System, Inc. (a)	540,000		7,344,614
Cummins, Inc.	37,300		5,199,247
			12,543,861
Professional Services - 1.1%
Stantec, Inc.	430,000		27,282,432
Road & Rail - 6.7%
Canadian National Railway Co.	1,580,000		105,623,149
Canadian Pacific Railway Ltd.	300,000		57,044,986
			162,668,135
TOTAL INDUSTRIALS			220,203,824
INFORMATION TECHNOLOGY - 3.0%
Electronic Equipment & Components - 0.0%
Avigilon Corp. (a)(d)	50,000		1,165,222
IT Services - 1.1%
CGI Group, Inc. Class A (sub. vtg.) (a)	580,000		20,804,145
DH Corp.	180,000		5,439,538
			26,243,683
Software - 1.9%
Adobe Systems, Inc. (a)	180,000		12,439,800
Constellation Software, Inc.	45,200		10,736,736
Open Text Corp.	415,814		23,125,566
			46,302,102
TOTAL INFORMATION TECHNOLOGY			73,711,007

	Shares		Value
MATERIALS - 8.8%
Chemicals - 2.0%
Methanex Corp.	150,000		$ 9,762,003
Potash Corp. of Saskatchewan, Inc.	1,100,000		39,052,598
			48,814,601
Containers & Packaging - 0.9%
CCL Industries, Inc. Class B	150,000		14,849,360
Winpak Ltd.	290,000		7,447,150
			22,296,510
Metals & Mining - 5.5%
Agnico Eagle Mines Ltd. (Canada)	466,000		17,326,216
Barrick Gold Corp.	300,000		5,420,278
Detour Gold Corp. (a)	350,000		3,945,064
Eldorado Gold Corp.	900,000		6,677,672
First Quantum Minerals Ltd.	360,000		8,538,176
Franco-Nevada Corp.	700,000		39,604,714
Goldcorp, Inc.	1,700,000		46,555,693
Silver Wheaton Corp.	200,000		5,224,011
			133,291,824
Paper & Forest Products - 0.4%
Stella-Jones, Inc.	150,000		3,714,404
West Fraser Timber Co. Ltd.	150,000		6,833,127
			10,547,531
TOTAL MATERIALS			214,950,466
TELECOMMUNICATION SERVICES - 4.2%
Diversified Telecommunication Services - 3.5%
BCE, Inc. (d)	1,000,000		45,288,210
TELUS Corp.	1,100,000		38,396,845
			83,685,055
Wireless Telecommunication Services - 0.7%
Rogers Communications, Inc. Class B (non-vtg.) (d)	450,000		17,573,256
TOTAL TELECOMMUNICATION SERVICES			101,258,311
TOTAL COMMON STOCKS (Cost $1,640,756,581)		2,346,154,571
Money Market Funds - 7.1%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	22,341,365		$ 22,341,365
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	148,726,570		148,726,570
TOTAL MONEY MARKET FUNDS (Cost $171,067,935)		171,067,935
TOTAL INVESTMENT PORTFOLIO - 103.7% (Cost $1,811,824,516)			2,517,222,506
NET OTHER ASSETS (LIABILITIES) - (3.7)%			(88,888,431)
NET ASSETS - 100%		$ 2,428,334,075

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) 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 $4,965,204 or 0.2% 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	$ 36,709
Fidelity Securities Lending Cash Central Fund	1,398,330
Total	$ 1,435,039

Other Information

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 July 31, 2014, the cost of investment securities for income tax purposes was $1,825,276,327. Net unrealized appreciation aggregated $691,946,179, of which $724,620,089 related to appreciated investment securities and $32,673,910 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 visit advisor.fidelity.com or call Fidelity at 1-877-208-0098 for a free copy of 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 ® Canada Fund

July 31, 2014

1.804819.110

CAN-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value
CONSUMER DISCRETIONARY - 7.2%
Auto Components - 2.9%
Magna International, Inc. Class A (sub. vtg.)	660,000		$ 70,875,774
Hotels, Restaurants & Leisure - 0.7%
Starbucks Corp.	130,000		10,098,400
Tim Hortons, Inc. (Canada)	110,300		6,161,666
			16,260,066
Media - 1.3%
CBS Corp. Class B	160,000		9,092,800
Cineplex, Inc.	200,000		7,149,998
Corus Entertainment, Inc. Class B (non-vtg.)	200,000		4,420,599
Quebecor, Inc. Class B (sub. vtg.)	400,000		9,706,975
			30,370,372
Multiline Retail - 0.9%
Canadian Tire Ltd. Class A (non-vtg.)	80,000		7,599,762
Dollarama, Inc.	173,467		14,278,592
			21,878,354
Specialty Retail - 0.4%
AutoCanada, Inc.	150,000		9,971,110
Textiles, Apparel & Luxury Goods - 1.0%
Gildan Activewear, Inc.	420,195		24,621,689
TOTAL CONSUMER DISCRETIONARY			173,977,365
CONSUMER STAPLES - 3.4%
Food & Staples Retailing - 3.4%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,845,600		50,509,198
CVS Caremark Corp.	150,000		11,454,000
Jean Coutu Group, Inc. Class A (sub. vtg.)	310,000		6,138,304
Metro, Inc. Class A (sub. vtg.)	226,565		14,771,868
			82,873,370
ENERGY - 25.7%
Energy Equipment & Services - 1.7%
Calfrac Well Services Ltd.	450,000		8,605,035
Canyon Services Group, Inc.	100,000		1,438,070
Halliburton Co.	100,000		6,899,000
Pason Systems, Inc.	50,000		1,274,361
Precision Drilling Corp.	800,000		9,971,110
Secure Energy Services, Inc.	100,000		2,115,834
ShawCor Ltd. Class A	200,000		10,123,355
Trican Well Service Ltd.	100,000		1,443,573
			41,870,338
Oil, Gas & Consumable Fuels - 24.0%
ARC Resources Ltd. (d)	700,000		19,285,551
Canadian Natural Resources Ltd.	2,150,000		93,721,741
Cenovus Energy, Inc.	1,050,000		32,250,653
Crescent Point Energy Corp. (d)	633,400		25,844,881

	Shares		Value
Enbridge, Inc.	1,287,800		$ 63,129,188
Encana Corp.	1,100,000		23,687,807
Enerplus Corp.	250,000		5,716,054
Imperial Oil Ltd.	450,000		23,091,209
Inter Pipeline Ltd.	250,000		7,745,219
Keyera Corp.	302,302		22,629,329
Painted Pony Petroleum Ltd. (a)	50,000		530,564
Painted Pony Petroleum Ltd. (a)(e)	113,000		1,199,074
Pembina Pipeline Corp.	500,000		20,947,402
Peyto Exploration & Development Corp.	500,000		16,806,530
PrairieSky Royalty Ltd.	38,500		1,391,205
Suncor Energy, Inc.	2,417,600		99,267,164
Tourmaline Oil Corp. (a)	450,000		21,184,482
Tourmaline Oil Corp. (a)(e)	80,000		3,766,130
TransCanada Corp. (d)	1,060,000		53,177,420
Trilogy Energy Corp. (d)	100,000		2,545,054
Veresen, Inc.	550,000		9,346,999
Vermilion Energy, Inc. (d)	400,000		26,398,863
Whitecap Resources, Inc. (d)	550,000		8,005,228
			581,667,747
TOTAL ENERGY			623,538,085
FINANCIALS - 32.5%
Banks - 23.0%
Bank of Montreal (d)	900,000		67,082,130
Bank of Nova Scotia	1,600,000		108,603,659
Canadian Imperial Bank of Commerce	204,600		18,991,669
National Bank of Canada	200,000		8,951,254
Royal Bank of Canada	2,430,000		179,338,836
The Toronto-Dominion Bank	3,357,600		175,586,144
			558,553,692
Capital Markets - 0.3%
CI Financial Corp.	200,000		6,474,985
Diversified Financial Services - 1.0%
Element Financial Corp. (a)	200,000		2,597,331
McGraw Hill Financial, Inc.	60,000		4,813,200
Onex Corp. (sub. vtg.)	300,000		17,457,697
			24,868,228
Insurance - 5.3%
Industrial Alliance Insurance and Financial Services, Inc. (d)	100,000		4,384,831
Intact Financial Corp.	210,925		14,067,470
Manulife Financial Corp.	3,200,000		65,388,178
Sun Life Financial, Inc. (d)	1,200,000		45,750,447
			129,590,926
Real Estate Investment Trusts - 0.2%
General Growth Properties, Inc.	200,000		4,674,000
Common Stocks - continued
	Shares		Value
FINANCIALS - continued
Real Estate Management & Development - 2.7%
Brookfield Asset Management, Inc. Class A	1,450,000		$ 64,683,817
TOTAL FINANCIALS			788,845,648
HEALTH CARE - 2.7%
Health Care Providers & Services - 0.3%
Catamaran Corp. (a)	156,468		7,124,901
Pharmaceuticals - 2.4%
Salix Pharmaceuticals Ltd. (a)	60,000		7,914,600
Valeant Pharmaceuticals International (Canada) (a)	441,471		51,756,994
			59,671,594
TOTAL HEALTH CARE			66,796,495
INDUSTRIALS - 9.1%
Aerospace & Defense - 0.2%
MacDonald Dettwiler & Associates Ltd.	50,000		3,736,415
Airlines - 0.6%
Air Canada Class A (a)	1,592,000		13,972,981
Machinery - 0.5%
ATS Automation Tooling System, Inc. (a)	540,000		7,344,614
Cummins, Inc.	37,300		5,199,247
			12,543,861
Professional Services - 1.1%
Stantec, Inc.	430,000		27,282,432
Road & Rail - 6.7%
Canadian National Railway Co.	1,580,000		105,623,149
Canadian Pacific Railway Ltd.	300,000		57,044,986
			162,668,135
TOTAL INDUSTRIALS			220,203,824
INFORMATION TECHNOLOGY - 3.0%
Electronic Equipment & Components - 0.0%
Avigilon Corp. (a)(d)	50,000		1,165,222
IT Services - 1.1%
CGI Group, Inc. Class A (sub. vtg.) (a)	580,000		20,804,145
DH Corp.	180,000		5,439,538
			26,243,683
Software - 1.9%
Adobe Systems, Inc. (a)	180,000		12,439,800
Constellation Software, Inc.	45,200		10,736,736
Open Text Corp.	415,814		23,125,566
			46,302,102
TOTAL INFORMATION TECHNOLOGY			73,711,007

	Shares		Value
MATERIALS - 8.8%
Chemicals - 2.0%
Methanex Corp.	150,000		$ 9,762,003
Potash Corp. of Saskatchewan, Inc.	1,100,000		39,052,598
			48,814,601
Containers & Packaging - 0.9%
CCL Industries, Inc. Class B	150,000		14,849,360
Winpak Ltd.	290,000		7,447,150
			22,296,510
Metals & Mining - 5.5%
Agnico Eagle Mines Ltd. (Canada)	466,000		17,326,216
Barrick Gold Corp.	300,000		5,420,278
Detour Gold Corp. (a)	350,000		3,945,064
Eldorado Gold Corp.	900,000		6,677,672
First Quantum Minerals Ltd.	360,000		8,538,176
Franco-Nevada Corp.	700,000		39,604,714
Goldcorp, Inc.	1,700,000		46,555,693
Silver Wheaton Corp.	200,000		5,224,011
			133,291,824
Paper & Forest Products - 0.4%
Stella-Jones, Inc.	150,000		3,714,404
West Fraser Timber Co. Ltd.	150,000		6,833,127
			10,547,531
TOTAL MATERIALS			214,950,466
TELECOMMUNICATION SERVICES - 4.2%
Diversified Telecommunication Services - 3.5%
BCE, Inc. (d)	1,000,000		45,288,210
TELUS Corp.	1,100,000		38,396,845
			83,685,055
Wireless Telecommunication Services - 0.7%
Rogers Communications, Inc. Class B (non-vtg.) (d)	450,000		17,573,256
TOTAL TELECOMMUNICATION SERVICES			101,258,311
TOTAL COMMON STOCKS (Cost $1,640,756,581)		2,346,154,571
Money Market Funds - 7.1%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	22,341,365		$ 22,341,365
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	148,726,570		148,726,570
TOTAL MONEY MARKET FUNDS (Cost $171,067,935)		171,067,935
TOTAL INVESTMENT PORTFOLIO - 103.7% (Cost $1,811,824,516)			2,517,222,506
NET OTHER ASSETS (LIABILITIES) - (3.7)%			(88,888,431)
NET ASSETS - 100%		$ 2,428,334,075

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	$ 36,709
Fidelity Securities Lending Cash Central Fund	1,398,330
Total	$ 1,435,039

Other Information

Income Tax Information

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

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 Advisor® China Region Fund:
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
China Region Fund

1.861466.106

AHKC-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
CONSUMER DISCRETIONARY - 16.5%
Automobiles - 5.0%
Brilliance China Automotive Holdings Ltd.	7,364,000		$ 13,838,257
Chongqing Changan Automobile Co. Ltd. (B Shares)	16,133,786		34,617,635
Dongfeng Motor Group Co. Ltd. (H Shares)	13,000,000		23,085,016
			71,540,908
Diversified Consumer Services - 1.0%
Perfect Shape (PRC) Holdings Ltd. (e)	61,480,000		14,202,820
Hotels, Restaurants & Leisure - 3.6%
500.com Ltd. sponsored ADR Class A (d)	304,350		11,227,472
China Lodging Group Ltd. ADR (a)	310,000		7,734,500
Hotel Shilla Co.	47,714		5,083,425
Melco International Development Ltd.	323,000		959,507
Sands China Ltd.	3,541,800		26,002,802
			51,007,706
Household Durables - 1.6%
Techtronic Industries Co. Ltd.	7,728,000		23,163,001
Internet & Catalog Retail - 2.6%
Cogobuy Group (a)	5,483,000		2,721,821
Ctrip.com International Ltd. sponsored ADR (a)	369,916		23,685,721
JD.com, Inc. sponsored ADR (d)	10,200		291,516
Qunar Cayman Islands Ltd. sponsored ADR (d)	237,468		6,660,977
Vipshop Holdings Ltd. ADR (a)	16,000		3,288,640
			36,648,675
Leisure Products - 0.6%
Goodbaby International Holdings Ltd. (d)	16,000,000		8,019,333
Specialty Retail - 1.6%
Baoxin Auto Group Ltd. (d)	21,494,000		17,308,678
Oriental Watch Holdings Ltd.	23,615,000		5,761,961
			23,070,639
Textiles, Apparel & Luxury Goods - 0.5%
Best Pacific International Holdings Ltd.	23,958,000		7,490,459
TOTAL CONSUMER DISCRETIONARY			235,143,541
ENERGY - 4.7%
Oil, Gas & Consumable Fuels - 4.7%
China Petroleum & Chemical Corp. (H Shares)	37,500,000		36,712,671
PetroChina Co. Ltd. (H Shares)	23,000,000		29,809,624
			66,522,295
FINANCIALS - 26.2%
Banks - 8.2%
China Construction Bank Corp. (H Shares)	69,778,000		53,388,550

	Shares		Value
Industrial & Commercial Bank of China Ltd. (H Shares)	78,024,000		$ 53,213,740
Kweichow Moutai Co. Ltd. (A Shares) (BNP Paribas Warrant Program) warrants 7/9/15 (a)	223,520		5,750,103
SAIC Motor Corp. Ltd. Class A (BNP Paribas Warrant Program) warrants 8/5/15 (a)	2,191,000		5,728,890
			118,081,283
Capital Markets - 1.3%
Kweichow Moutai Co. Ltd. (A Shares) (UBS Warrant Programme) warrants 7/9/15 (a)	305,690		7,863,946
SAIC Motor Corp. Ltd. Class A (UBS Warrant Programme) warrants 9/16/14 (a)	2,014,600		5,267,650
Shanghai Bestway Marine Engineering Design Co. Ltd. warrants 7/17/17 (a)	2,008,500		5,251,700
			18,383,296
Diversified Financial Services - 0.8%
Far East Horizon Ltd.	16,000,000		12,269,105
Insurance - 7.6%
AIA Group Ltd.	14,382,600		77,053,348
China Pacific Insurance Group Co. Ltd. (H Shares)	7,999,200		31,418,270
			108,471,618
Real Estate Investment Trusts - 0.5%
Champion (REIT)	15,000,000		6,968,414
Real Estate Management & Development - 7.8%
Beijing Urban Consolidated & Development Group Ltd. (H Shares)	17,000,000		7,809,859
Great Eagle Holdings Ltd.	2,150,000		7,764,038
Greenland Hong Kong Holdings Ltd.	15,000,000		7,418,563
Greentown China Holdings Ltd.	10,000,000		12,851,589
Hopson Development Holdings Ltd. (a)	12,266,000		13,698,531
Longfor Properties Co. Ltd.	5,000,000		7,187,140
Shimao Property Holdings Ltd.	6,908,500		15,884,312
Sun Hung Kai Properties Ltd.	1,282,000		19,459,830
Sun Hung Kai Properties Ltd. warrants 4/22/16 (a)	106,833		265,574
Wharf Holdings Ltd.	2,348,000		18,713,539
			111,052,975
TOTAL FINANCIALS			375,226,691
HEALTH CARE - 5.1%
Biotechnology - 0.5%
China Biologic Products, Inc. (a)	151,686		6,821,319
Health Care Providers & Services - 0.5%
Phoenix Healthcare Group Ltd.	4,600,000		6,812,558
Life Sciences Tools & Services - 0.7%
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	305,700		9,418,617
Pharmaceuticals - 3.4%
China Pharmaceutical Group Ltd.	13,200,000		10,252,750
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
Lee's Pharmaceutical Holdings Ltd.	8,290,000		$ 10,708,373
Lijun International Pharmaceutical Holding Ltd.	17,500,000		7,721,487
Luye Pharma Group Ltd.	4,800,000		4,128,506
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. Class H	1,300,000		4,281,359
Tong Ren Tang Technologies Co. Ltd. (H Shares)	8,702,000		12,356,774
			49,449,249
TOTAL HEALTH CARE			72,501,743
INDUSTRIALS - 7.5%
Building Products - 0.6%
Sunspring Metal Corp.	4,350,000		8,017,589
Construction & Engineering - 1.8%
China Machinery Engineering Co. (H Shares)	11,692,000		7,092,826
China State Construction International Holdings Ltd.	10,482,000		18,457,987
			25,550,813
Electrical Equipment - 1.5%
Harbin Electric Machinery Co. Ltd.(H Shares)	17,000,000		11,407,943
Shanghai Electric Group Co. Ltd. (H Shares)	21,968,000		9,746,489
			21,154,432
Machinery - 1.1%
Cimc Enric Holdings Ltd.	4,700,000		5,596,268
CSR Corp. Ltd. (H Shares)	11,689,000		10,454,226
			16,050,494
Marine - 1.4%
China Shipping Development Co. Ltd. (H Shares) (a)	31,444,000		20,691,325
Trading Companies & Distributors - 1.1%
Shanghai Waigaoqiao Free Trade Zone Development Co. Ltd. (B Shares)	1,762,725		2,898,042
Summit Ascent Holdings Ltd. (a)(d)	18,544,000		12,561,580
			15,459,622
TOTAL INDUSTRIALS			106,924,275
INFORMATION TECHNOLOGY - 31.1%
Electronic Equipment & Components - 5.5%
Delta Electronics, Inc.	2,000,000		13,558,107
Hon Hai Precision Industry Co. Ltd. (Foxconn)	11,214,000		38,334,215
Largan Precision Co. Ltd.	176,000		13,488,428

	Shares		Value
Tong Hsing Electronics Industries Ltd.	666,000		$ 3,453,507
TPK Holding Co. Ltd.	1,604,000		10,044,258
			78,878,515
Internet Software & Services - 12.9%
Baidu.com, Inc. sponsored ADR (a)	120,000		25,926,000
NAVER Corp.	34,000		24,274,048
Tencent Holdings Ltd.	7,383,600		119,907,894
Xunlei Ltd. sponsored ADR (d)	14,300		171,743
Yahoo!, Inc. (a)	325,000		11,638,250
YY, Inc. ADR (a)(d)	40,000		3,092,800
			185,010,735
Semiconductors & Semiconductor Equipment - 10.8%
eMemory Technology, Inc.	450,000		4,078,179
GCL-Poly Energy Holdings Ltd. (a)(d)	60,973,000		19,684,158
MediaTek, Inc.	816,000		12,598,079
Novatek Microelectronics Corp.	2,674,000		13,505,017
Taiwan Semiconductor Manufacturing Co. Ltd.	26,071,796		104,277,097
			154,142,530
Software - 1.0%
China City Railway Transportation Technology Holdings Co. Ltd. (a)	32,000,000		6,553,953
Kingdee International Software Group Co. Ltd. (a)	21,000,000		7,251,596
			13,805,549
Technology Hardware, Storage & Peripherals - 0.9%
Advantech Co. Ltd.	1,654,000		12,837,073
TOTAL INFORMATION TECHNOLOGY			444,674,402
MATERIALS - 4.1%
Chemicals - 1.3%
Taiwan Fertilizer Co. Ltd.	3,015,000		6,097,858
Tianhe Chemicals Group Ltd.	38,000,000		11,832,192
			17,930,050
Construction Materials - 1.2%
Asia Cement (China) Holdings Corp.	6,409,500		4,727,005
China Shanshui Cement Group Ltd.	35,000,000		12,575,492
			17,302,497
Containers & Packaging - 1.0%
Greatview Aseptic Pack Co. Ltd.	19,157,000		14,912,454
Paper & Forest Products - 0.6%
Lee & Man Paper Manufacturing Ltd.	15,012,000		9,106,778
TOTAL MATERIALS			59,251,779
TELECOMMUNICATION SERVICES - 0.6%
Wireless Telecommunication Services - 0.6%
SoftBank Corp.	124,000		8,914,145
Common Stocks - continued
	Shares		Value
UTILITIES - 2.0%
Independent Power Producers & Energy Traders - 1.6%
Beijing Jingneng Clean Energy Co. Ltd. (H Shares)	18,500,000		$ 7,809,706
Huadian Fuxin Energy Corp. Ltd. (H Shares)	30,172,000		15,354,046
			23,163,752
Water Utilities - 0.4%
SIIC Environment Holdings Ltd. (a)	45,000,000		5,813,144
TOTAL UTILITIES			28,976,896
TOTAL COMMON STOCKS (Cost $1,055,387,778)		1,398,135,767
Money Market Funds - 3.3%

Fidelity Cash Central Fund, 0.11% (b)	22,288,519		22,288,519
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	24,694,936		24,694,936
TOTAL MONEY MARKET FUNDS (Cost $46,983,455)		46,983,455
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $1,102,371,233)			1,445,119,222
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(15,115,283)
NET ASSETS - 100%		$ 1,430,003,939

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	$ 22,788
Fidelity Securities Lending Cash Central Fund	494,489
Total	$ 517,277

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
Perfect Shape (PRC) Holdings Ltd.	$ -	$ 16,961,684	$ 3,943,959	$ -	$ 14,202,820
Total	$ -	$ 16,961,684	$ 3,943,959	$ -	$ 14,202,820

Other Information

The following is a summary of the inputs used, as of July 31, 2014, 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	$ 235,143,541	$ 52,888,826	$ 182,254,715	$ -
Energy	66,522,295	-	66,522,295	-
Financials	375,226,691	-	375,226,691	-
Health Care	72,501,743	16,239,936	56,261,807	-
Industrials	106,924,275	-	106,924,275	-
Information Technology	444,674,402	40,828,793	403,845,609	-
Materials	59,251,779	-	59,251,779	-
Telecommunication Services	8,914,145	-	8,914,145	-
Utilities	28,976,896	-	28,976,896	-
Money Market Funds	46,983,455	46,983,455	-	-
Total Investments in Securities:	$ 1,445,119,222	$ 156,941,010	$ 1,288,178,212	$ -

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2014. 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	$ 817,352,681
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $1,106,403,828. Net unrealized appreciation aggregated $338,715,394, of which $377,888,215 related to appreciated investment securities and $39,172,821 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 ® China Region Fund

July 31, 2014

1.804836.110

HKC-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares		Value
CONSUMER DISCRETIONARY - 16.5%
Automobiles - 5.0%
Brilliance China Automotive Holdings Ltd.	7,364,000		$ 13,838,257
Chongqing Changan Automobile Co. Ltd. (B Shares)	16,133,786		34,617,635
Dongfeng Motor Group Co. Ltd. (H Shares)	13,000,000		23,085,016
			71,540,908
Diversified Consumer Services - 1.0%
Perfect Shape (PRC) Holdings Ltd. (e)	61,480,000		14,202,820
Hotels, Restaurants & Leisure - 3.6%
500.com Ltd. sponsored ADR Class A (d)	304,350		11,227,472
China Lodging Group Ltd. ADR (a)	310,000		7,734,500
Hotel Shilla Co.	47,714		5,083,425
Melco International Development Ltd.	323,000		959,507
Sands China Ltd.	3,541,800		26,002,802
			51,007,706
Household Durables - 1.6%
Techtronic Industries Co. Ltd.	7,728,000		23,163,001
Internet & Catalog Retail - 2.6%
Cogobuy Group (a)	5,483,000		2,721,821
Ctrip.com International Ltd. sponsored ADR (a)	369,916		23,685,721
JD.com, Inc. sponsored ADR (d)	10,200		291,516
Qunar Cayman Islands Ltd. sponsored ADR (d)	237,468		6,660,977
Vipshop Holdings Ltd. ADR (a)	16,000		3,288,640
			36,648,675
Leisure Products - 0.6%
Goodbaby International Holdings Ltd. (d)	16,000,000		8,019,333
Specialty Retail - 1.6%
Baoxin Auto Group Ltd. (d)	21,494,000		17,308,678
Oriental Watch Holdings Ltd.	23,615,000		5,761,961
			23,070,639
Textiles, Apparel & Luxury Goods - 0.5%
Best Pacific International Holdings Ltd.	23,958,000		7,490,459
TOTAL CONSUMER DISCRETIONARY			235,143,541
ENERGY - 4.7%
Oil, Gas & Consumable Fuels - 4.7%
China Petroleum & Chemical Corp. (H Shares)	37,500,000		36,712,671
PetroChina Co. Ltd. (H Shares)	23,000,000		29,809,624
			66,522,295
FINANCIALS - 26.2%
Banks - 8.2%
China Construction Bank Corp. (H Shares)	69,778,000		53,388,550

	Shares		Value
Industrial & Commercial Bank of China Ltd. (H Shares)	78,024,000		$ 53,213,740
Kweichow Moutai Co. Ltd. (A Shares) (BNP Paribas Warrant Program) warrants 7/9/15 (a)	223,520		5,750,103
SAIC Motor Corp. Ltd. Class A (BNP Paribas Warrant Program) warrants 8/5/15 (a)	2,191,000		5,728,890
			118,081,283
Capital Markets - 1.3%
Kweichow Moutai Co. Ltd. (A Shares) (UBS Warrant Programme) warrants 7/9/15 (a)	305,690		7,863,946
SAIC Motor Corp. Ltd. Class A (UBS Warrant Programme) warrants 9/16/14 (a)	2,014,600		5,267,650
Shanghai Bestway Marine Engineering Design Co. Ltd. warrants 7/17/17 (a)	2,008,500		5,251,700
			18,383,296
Diversified Financial Services - 0.8%
Far East Horizon Ltd.	16,000,000		12,269,105
Insurance - 7.6%
AIA Group Ltd.	14,382,600		77,053,348
China Pacific Insurance Group Co. Ltd. (H Shares)	7,999,200		31,418,270
			108,471,618
Real Estate Investment Trusts - 0.5%
Champion (REIT)	15,000,000		6,968,414
Real Estate Management & Development - 7.8%
Beijing Urban Consolidated & Development Group Ltd. (H Shares)	17,000,000		7,809,859
Great Eagle Holdings Ltd.	2,150,000		7,764,038
Greenland Hong Kong Holdings Ltd.	15,000,000		7,418,563
Greentown China Holdings Ltd.	10,000,000		12,851,589
Hopson Development Holdings Ltd. (a)	12,266,000		13,698,531
Longfor Properties Co. Ltd.	5,000,000		7,187,140
Shimao Property Holdings Ltd.	6,908,500		15,884,312
Sun Hung Kai Properties Ltd.	1,282,000		19,459,830
Sun Hung Kai Properties Ltd. warrants 4/22/16 (a)	106,833		265,574
Wharf Holdings Ltd.	2,348,000		18,713,539
			111,052,975
TOTAL FINANCIALS			375,226,691
HEALTH CARE - 5.1%
Biotechnology - 0.5%
China Biologic Products, Inc. (a)	151,686		6,821,319
Health Care Providers & Services - 0.5%
Phoenix Healthcare Group Ltd.	4,600,000		6,812,558
Life Sciences Tools & Services - 0.7%
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	305,700		9,418,617
Pharmaceuticals - 3.4%
China Pharmaceutical Group Ltd.	13,200,000		10,252,750
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Pharmaceuticals - continued
Lee's Pharmaceutical Holdings Ltd.	8,290,000		$ 10,708,373
Lijun International Pharmaceutical Holding Ltd.	17,500,000		7,721,487
Luye Pharma Group Ltd.	4,800,000		4,128,506
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. Class H	1,300,000		4,281,359
Tong Ren Tang Technologies Co. Ltd. (H Shares)	8,702,000		12,356,774
			49,449,249
TOTAL HEALTH CARE			72,501,743
INDUSTRIALS - 7.5%
Building Products - 0.6%
Sunspring Metal Corp.	4,350,000		8,017,589
Construction & Engineering - 1.8%
China Machinery Engineering Co. (H Shares)	11,692,000		7,092,826
China State Construction International Holdings Ltd.	10,482,000		18,457,987
			25,550,813
Electrical Equipment - 1.5%
Harbin Electric Machinery Co. Ltd.(H Shares)	17,000,000		11,407,943
Shanghai Electric Group Co. Ltd. (H Shares)	21,968,000		9,746,489
			21,154,432
Machinery - 1.1%
Cimc Enric Holdings Ltd.	4,700,000		5,596,268
CSR Corp. Ltd. (H Shares)	11,689,000		10,454,226
			16,050,494
Marine - 1.4%
China Shipping Development Co. Ltd. (H Shares) (a)	31,444,000		20,691,325
Trading Companies & Distributors - 1.1%
Shanghai Waigaoqiao Free Trade Zone Development Co. Ltd. (B Shares)	1,762,725		2,898,042
Summit Ascent Holdings Ltd. (a)(d)	18,544,000		12,561,580
			15,459,622
TOTAL INDUSTRIALS			106,924,275
INFORMATION TECHNOLOGY - 31.1%
Electronic Equipment & Components - 5.5%
Delta Electronics, Inc.	2,000,000		13,558,107
Hon Hai Precision Industry Co. Ltd. (Foxconn)	11,214,000		38,334,215
Largan Precision Co. Ltd.	176,000		13,488,428

	Shares		Value
Tong Hsing Electronics Industries Ltd.	666,000		$ 3,453,507
TPK Holding Co. Ltd.	1,604,000		10,044,258
			78,878,515
Internet Software & Services - 12.9%
Baidu.com, Inc. sponsored ADR (a)	120,000		25,926,000
NAVER Corp.	34,000		24,274,048
Tencent Holdings Ltd.	7,383,600		119,907,894
Xunlei Ltd. sponsored ADR (d)	14,300		171,743
Yahoo!, Inc. (a)	325,000		11,638,250
YY, Inc. ADR (a)(d)	40,000		3,092,800
			185,010,735
Semiconductors & Semiconductor Equipment - 10.8%
eMemory Technology, Inc.	450,000		4,078,179
GCL-Poly Energy Holdings Ltd. (a)(d)	60,973,000		19,684,158
MediaTek, Inc.	816,000		12,598,079
Novatek Microelectronics Corp.	2,674,000		13,505,017
Taiwan Semiconductor Manufacturing Co. Ltd.	26,071,796		104,277,097
			154,142,530
Software - 1.0%
China City Railway Transportation Technology Holdings Co. Ltd. (a)	32,000,000		6,553,953
Kingdee International Software Group Co. Ltd. (a)	21,000,000		7,251,596
			13,805,549
Technology Hardware, Storage & Peripherals - 0.9%
Advantech Co. Ltd.	1,654,000		12,837,073
TOTAL INFORMATION TECHNOLOGY			444,674,402
MATERIALS - 4.1%
Chemicals - 1.3%
Taiwan Fertilizer Co. Ltd.	3,015,000		6,097,858
Tianhe Chemicals Group Ltd.	38,000,000		11,832,192
			17,930,050
Construction Materials - 1.2%
Asia Cement (China) Holdings Corp.	6,409,500		4,727,005
China Shanshui Cement Group Ltd.	35,000,000		12,575,492
			17,302,497
Containers & Packaging - 1.0%
Greatview Aseptic Pack Co. Ltd.	19,157,000		14,912,454
Paper & Forest Products - 0.6%
Lee & Man Paper Manufacturing Ltd.	15,012,000		9,106,778
TOTAL MATERIALS			59,251,779
TELECOMMUNICATION SERVICES - 0.6%
Wireless Telecommunication Services - 0.6%
SoftBank Corp.	124,000		8,914,145
Common Stocks - continued
	Shares		Value
UTILITIES - 2.0%
Independent Power Producers & Energy Traders - 1.6%
Beijing Jingneng Clean Energy Co. Ltd. (H Shares)	18,500,000		$ 7,809,706
Huadian Fuxin Energy Corp. Ltd. (H Shares)	30,172,000		15,354,046
			23,163,752
Water Utilities - 0.4%
SIIC Environment Holdings Ltd. (a)	45,000,000		5,813,144
TOTAL UTILITIES			28,976,896
TOTAL COMMON STOCKS (Cost $1,055,387,778)		1,398,135,767
Money Market Funds - 3.3%

Fidelity Cash Central Fund, 0.11% (b)	22,288,519		22,288,519
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	24,694,936		24,694,936
TOTAL MONEY MARKET FUNDS (Cost $46,983,455)		46,983,455
TOTAL INVESTMENT PORTFOLIO - 101.1% (Cost $1,102,371,233)			1,445,119,222
NET OTHER ASSETS (LIABILITIES) - (1.1)%			(15,115,283)
NET ASSETS - 100%		$ 1,430,003,939

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	$ 22,788
Fidelity Securities Lending Cash Central Fund	494,489
Total	$ 517,277

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Perfect Shape (PRC) Holdings Ltd.	$ -	$ 16,961,684	$ 3,943,959	$ -	$ 14,202,820
Total	$ -	$ 16,961,684	$ 3,943,959	$ -	$ 14,202,820

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 235,143,541	$ 52,888,826	$ 182,254,715	$ -
Energy	66,522,295	-	66,522,295	-
Financials	375,226,691	-	375,226,691	-
Health Care	72,501,743	16,239,936	56,261,807	-
Industrials	106,924,275	-	106,924,275	-
Information Technology	444,674,402	40,828,793	403,845,609	-
Materials	59,251,779	-	59,251,779	-
Telecommunication Services	8,914,145	-	8,914,145	-
Utilities	28,976,896	-	28,976,896	-
Money Market Funds	46,983,455	46,983,455	-	-
Total Investments in Securities:	$ 1,445,119,222	$ 156,941,010	$ 1,288,178,212	$ -

Transfers	Total
Level 1 to Level 2	$ 817,352,681
Level 2 to Level 1	$ 0

Income Tax Information

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

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 ® Diversified International Fund

July 31, 2014

1.804871.110

DIF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.8%
	Shares		Value
Argentina - 0.1%
YPF SA Class D sponsored ADR	1,088,700		$ 38,518,206
Australia - 3.3%
ALS Ltd. (e)	5,148,240		36,913,147
Ansell Ltd.	3,247,929		57,019,618
Australia & New Zealand Banking Group Ltd.	8,117,181		253,431,633
BHP Billiton Ltd. sponsored ADR (e)	3,465,264		246,345,618
CSL Ltd.	2,025,480		126,194,571
Spotless Group Holdings Ltd.	16,218,487		27,631,958
Telstra Corp. Ltd.	7,909,866		40,111,786
Woodside Petroleum Ltd.	2,073,648		81,398,898
TOTAL AUSTRALIA			869,047,229
Austria - 0.1%
Andritz AG	653,900		35,461,994
Bailiwick of Guernsey - 0.5%
Friends Life Group Ltd.	21,356,683		119,815,710
Bailiwick of Jersey - 1.9%
Experian PLC	5,910,472		101,482,870
Shire PLC	2,376,600		195,614,085
Wolseley PLC	1,601,744		83,722,788
WPP PLC	6,400,809		127,418,125
TOTAL BAILIWICK OF JERSEY			508,237,868
Belgium - 2.8%
Anheuser-Busch InBev SA NV	3,477,030		375,285,470
Arseus NV	686,100		37,001,537
KBC Groupe SA (a)	4,645,549		252,992,714
UCB SA	675,400		62,077,630
TOTAL BELGIUM			727,357,351
Bermuda - 0.6%
BW LPG Ltd. (e)	4,606,467		59,720,992
Golar LNG Ltd.	986,400		60,772,104
Noble Group Ltd.	23,049,000		26,092,239
TOTAL BERMUDA			146,585,335
Canada - 4.0%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	6,443,981		176,354,742
AutoCanada, Inc.	414,775		27,571,782
Canadian Natural Resources Ltd.	1,752,600		76,398,476
CGI Group, Inc. Class A (sub. vtg.) (a)	5,591,500		200,562,723
Constellation Software, Inc.	60,138		14,285,085
First Quantum Minerals Ltd.	3,680,700		87,295,733
Imperial Oil Ltd.	1,242,200		63,742,000
Keyera Corp.	345,800		25,885,446
Painted Pony Petroleum Ltd. (a)	3,784,370		40,156,978
Painted Pony Petroleum Ltd. (a)(f)	453,100		4,807,967
Potash Corp. of Saskatchewan, Inc. (e)	2,736,600		97,155,763
PrairieSky Royalty Ltd.	231,000		8,347,228
Suncor Energy, Inc.	3,252,400		133,544,227

	Shares		Value
Tourmaline Oil Corp. (a)	1,126,600		$ 53,036,528
TransForce, Inc.	1,348,300		34,092,384
TOTAL CANADA			1,043,237,062
Cayman Islands - 1.4%
Baidu.com, Inc. sponsored ADR (a)	60,500		13,071,025
GCL-Poly Energy Holdings Ltd. (a)	213,529,000		68,934,424
Melco Crown Entertainment Ltd. sponsored ADR	1,725,300		57,279,960
PW Medtech Group Ltd. (a)	76,569,000		39,823,465
Sands China Ltd.	19,863,200		145,829,482
Tencent Holdings Ltd.	2,549,200		41,398,396
TOTAL CAYMAN ISLANDS			366,336,752
Denmark - 2.6%
A.P. Moller - Maersk A/S Series B	10,359		24,166,411
Genmab A/S (a)	1,692,776		67,884,932
ISS Holdings A/S (a)	1,066,900		34,297,457
Novo Nordisk A/S Series B	10,415,895		479,466,413
Vestas Wind Systems A/S (a)	1,393,722		63,050,640
TOTAL DENMARK			668,865,853
Finland - 0.5%
Nokia Corp.	8,354,400		66,186,687
Sampo Oyj (A Shares)	1,402,000		69,837,350
TOTAL FINLAND			136,024,037
France - 5.4%
Air Liquide SA	790,070		100,525,766
Atos Origin SA	614,224		47,999,737
AXA SA	5,567,500		128,154,216
BNP Paribas SA	3,141,576		208,233,004
Bureau Veritas SA	3,961,600		102,117,025
Cap Gemini SA	624,000		45,312,809
Dassault Aviation SA	28,665		43,373,771
Kering SA	395,300		84,665,768
LVMH Moet Hennessy - Louis Vuitton SA	220,475		37,966,199
Numericable Group SA (a)(e)	436,188		24,122,403
Publicis Groupe SA	1,838,316		133,787,800
Rexel SA	2,336,100		45,311,321
Sanofi SA	2,874,944		301,842,981
Schneider Electric SA	903,700		76,502,490
Tarkett SA	995,139		31,980,981
TOTAL FRANCE			1,411,896,271
Germany - 5.8%
adidas AG	611,280		48,629,134
BASF AG	1,446,084		150,340,449
Bayer AG	2,735,962		362,402,316
Brenntag AG	316,700		50,995,276
Continental AG	501,400		108,498,187
Drillisch AG	639,300		24,097,939
Common Stocks - continued
	Shares		Value
Germany - continued
Fresenius SE & Co. KGaA	1,228,600		$ 184,093,050
Gerry Weber International AG (Bearer)	698,600		31,936,616
GfK AG	713,500		32,388,473
Linde AG	687,329		140,724,252
OSRAM Licht AG (a)	414,825		16,847,448
ProSiebenSat.1 Media AG	1,118,390		47,121,359
SAP AG (e)	3,270,272		257,016,799
SMA Solar Technology AG (a)(e)	369,200		10,011,140
Symrise AG	749,100		39,330,859
TOTAL GERMANY			1,504,433,297
Hong Kong - 1.7%
AIA Group Ltd.	55,743,600		298,640,789
Galaxy Entertainment Group Ltd.	13,715,000		115,338,510
Melco International Development Ltd.	8,821,000		26,203,743
TOTAL HONG KONG			440,183,042
India - 1.8%
Apollo Hospitals Enterprise Ltd.	2,493,661		41,564,811
HDFC Bank Ltd.	10,485,320		151,207,919
Housing Development Finance Corp. Ltd.	8,013,564		140,342,027
ITC Ltd.	13,515,862		79,095,377
Lupin Ltd.	1,690,873		35,740,467
United Spirits Ltd.	375,421		14,576,958
TOTAL INDIA			462,527,559
Indonesia - 0.3%
PT Bank Central Asia Tbk	41,973,900		42,005,208
PT Bank Rakyat Indonesia Tbk	26,085,300		25,020,271
TOTAL INDONESIA			67,025,479
Ireland - 1.9%
Actavis PLC (a)	643,600		137,897,736
DCC PLC (United Kingdom)	896,889		51,271,412
Greencore Group PLC	13,455,100		60,039,037
Perrigo Co. PLC	926,400		139,376,880
Ryanair Holdings PLC sponsored ADR (a)	2,098,700		111,210,113
TOTAL IRELAND			499,795,178
Israel - 1.1%
Check Point Software Technologies Ltd. (a)	990,700		67,238,809
Teva Pharmaceutical Industries Ltd. sponsored ADR	3,961,400		211,934,900
TOTAL ISRAEL			279,173,709
Italy - 0.9%
Telecom Italia SpA (a)	32,621,900		37,589,971
UniCredit SpA	14,920,367		117,077,629
World Duty Free SpA (a)	7,171,724		81,916,124
TOTAL ITALY			236,583,724

	Shares		Value
Japan - 17.0%
ACOM Co. Ltd. (a)(e)	8,185,300		$ 32,229,586
Aozora Bank Ltd.	22,318,000		75,838,494
Astellas Pharma, Inc.	15,782,400		214,018,898
Coca-Cola Central Japan Co. Ltd.	1,240,700		33,161,343
Don Quijote Holdings Co. Ltd.	2,586,300		139,747,892
Fast Retailing Co. Ltd.	162,700		53,715,105
Fuji Heavy Industries Ltd.	1,730,700		49,354,892
GMO Internet, Inc.	4,353,000		47,495,172
Honda Motor Co. Ltd.	5,312,100		184,919,903
Hoya Corp.	8,038,400		260,271,862
Japan Exchange Group, Inc.	4,309,400		98,045,209
Japan Tobacco, Inc.	8,714,400		306,464,046
KDDI Corp.	2,790,300		160,394,599
Keyence Corp.	603,310		262,828,919
Komatsu Ltd.	5,688,300		126,151,188
Misumi Group, Inc.	450,400		14,354,107
Mitsubishi Electric Corp.	5,468,000		72,185,994
Mitsubishi UFJ Financial Group, Inc.	43,783,700		258,205,779
Monex Group, Inc.	4,622,800		14,851,159
NEC Corp.	48,781,000		188,336,663
NGK Spark Plug Co. Ltd. (a)	1,368,000		40,899,716
Nippon Telegraph & Telephone Corp.	1,918,700		127,409,930
Nitori Holdings Co. Ltd.	1,112,100		62,467,577
Olympus Corp. (a)	921,400		33,155,469
OMRON Corp.	2,046,400		90,763,455
ORIX Corp.	31,002,500		501,040,173
Rakuten, Inc.	19,448,900		255,421,939
Seven & i Holdings Co., Ltd.	2,825,600		117,589,069
SHIMANO, Inc.	695,500		81,193,225
Shinsei Bank Ltd.	25,667,000		54,273,524
Ship Healthcare Holdings, Inc.	469,400		15,335,774
SoftBank Corp.	4,319,000		310,485,419
Suzuki Motor Corp.	2,006,400		66,953,596
Tsuruha Holdings, Inc.	1,459,700		83,793,471
TOTAL JAPAN			4,433,353,147
Korea (South) - 1.1%
AMOREPACIFIC Group, Inc.	26,705		22,921,463
Hyundai Motor Co.	301,003		71,245,770
NAVER Corp.	129,568		92,504,111
Orion Corp.	82,708		75,361,882
Samsung Electronics Co. Ltd.	20,219		26,163,903
TOTAL KOREA (SOUTH)			288,197,129
Luxembourg - 0.9%
Altice S.A.	3,034,486		174,133,943
Eurofins Scientific SA	182,400		54,453,915
TOTAL LUXEMBOURG			228,587,858
Marshall Islands - 0.0%
Navigator Holdings Ltd. (a)	199,705		5,561,784
Common Stocks - continued
	Shares		Value
Mexico - 0.2%
America Movil S.A.B. de CV Series L sponsored ADR	2,549,700		$ 60,096,429
Netherlands - 2.6%
AEGON NV	27,911,500		226,353,018
AerCap Holdings NV (a)	999,200		43,595,096
IMCD Group BV	1,380,500		42,516,846
LyondellBasell Industries NV Class A	906,500		96,315,625
Unilever NV (Certificaten Van Aandelen) (Bearer) (e)	6,496,057		267,351,726
TOTAL NETHERLANDS			676,132,311
Norway - 0.2%
Telenor ASA	2,651,600		61,119,225
Philippines - 0.4%
Alliance Global Group, Inc.	159,795,856		95,681,562
Singapore - 0.3%
United Overseas Bank Ltd.	4,027,000		77,715,678
South Africa - 0.9%
Naspers Ltd. Class N	1,836,999		227,963,987
Spain - 2.2%
Amadeus IT Holding SA Class A	3,085,400		121,879,394
Atresmedia Corporacion de Medios de Comunicacion SA	150,299		2,211,824
Criteria CaixaCorp SA	11,183,956		67,376,468
Grifols SA ADR	1,521,872		55,807,046
Inditex SA	8,817,652		258,048,038
Prosegur Compania de Seguridad SA (Reg.)	9,008,295		61,036,541
TOTAL SPAIN			566,359,311
Sweden - 2.1%
ASSA ABLOY AB (B Shares)	1,211,400		59,707,750
Nordea Bank AB	12,660,400		170,317,636
Svenska Cellulosa AB (SCA) (B Shares)	8,310,200		205,399,829
Svenska Handelsbanken AB (A Shares)	2,627,600		127,109,988
TOTAL SWEDEN			562,535,203
Switzerland - 5.0%
Actelion Ltd.	600,004		72,561,694
Compagnie Financiere Richemont SA Series A	1,420,913		135,485,130
Nestle SA	2,601,289		192,599,620
Roche Holding AG (participation certificate)	1,180,897		342,703,099
Schindler Holding AG (Reg.)	150,055		22,225,478
Syngenta AG (Switzerland)	696,253		246,650,628
UBS AG	17,730,820		304,642,790
TOTAL SWITZERLAND			1,316,868,439

	Shares		Value
Taiwan - 0.9%
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	11,927,000		$ 238,540,000
Thailand - 0.1%
Kasikornbank PCL (For. Reg.)	5,140,000		33,756,205
United Kingdom - 16.9%
Al Noor Hospitals Group PLC	2,588,800		44,449,725
Associated British Foods PLC	2,214,000		103,838,757
B&M European Value Retail S.A.	13,880,829		63,626,035
BG Group PLC	12,986,402		256,082,243
British American Tobacco PLC sponsored ADR	2,210,800		259,547,920
BT Group PLC	24,236,800		158,675,989
Bunzl PLC	1,314,270		35,302,413
Compass Group PLC	5,045,176		82,409,431
Direct Line Insurance Group PLC	7,781,600		37,442,375
easyJet PLC	2,356,100		51,512,557
Exova Group Ltd. PLC (a)	8,277,788		32,283,150
Filtrona PLC	9,488,712		123,352,403
GlaxoSmithKline PLC	6,022,500		145,134,747
Hikma Pharmaceuticals PLC	2,993,284		90,913,570
HSBC Holdings PLC sponsored ADR	6,089,757		325,132,126
IMI PLC	2,389,135		57,155,781
InterContinental Hotel Group PLC	645,961		26,207,144
ITV PLC	20,154,600		71,014,373
Jazztel PLC (a)	2,754,000		37,135,579
Johnson Matthey PLC	1,382,082		69,044,390
Kingfisher PLC	25,823,331		131,054,175
Liberty Global PLC:
Class A (a)	882,600		36,716,160
Class C	626,900		25,069,731
Lloyds Banking Group PLC (a)	212,762,400		265,245,949
Meggitt PLC	6,458,448		55,445,812
Next PLC	2,496,200		285,310,444
Poundland Group PLC (a)	4,642,727		25,309,922
Prudential PLC	14,080,690		323,628,680
Reckitt Benckiser Group PLC	3,017,787		267,229,069
Reed Elsevier PLC	3,517,400		56,682,280
Rolls-Royce Group PLC	9,098,000		159,745,596
SABMiller PLC	2,180,300		119,190,796
Spectris PLC	1,556,700		50,145,610
Sports Direct International PLC (a)	3,631,900		40,960,002
St. James's Place Capital PLC	12,057,400		147,890,034
Standard Chartered PLC (United Kingdom)	7,701,305		160,186,036
Travis Perkins PLC	2,710,080		76,638,420
Whitbread PLC	1,462,608		106,254,887
TOTAL UNITED KINGDOM			4,402,964,311
United States of America - 7.3%
AbbVie, Inc.	2,757,300		144,317,082
Alexion Pharmaceuticals, Inc. (a)	606,900		96,491,031
Common Stocks - continued
	Shares		Value
United States of America - continued
Alliance Data Systems Corp. (a)	259,000		$ 67,933,110
Amdocs Ltd.	621,700		28,187,878
Amgen, Inc.	681,600		86,829,024
Celldex Therapeutics, Inc. (a)	487,313		6,378,927
Fidelity National Information Services, Inc.	1,247,800		70,375,920
Freeport-McMoRan Copper & Gold, Inc.	1,425,400		53,053,388
Gilead Sciences, Inc. (a)	1,496,600		137,013,730
Google, Inc.:
Class A (a)	140,805		81,603,538
Class C (a)	239,405		136,843,898
Las Vegas Sands Corp.	1,722,600		127,214,010
MasterCard, Inc. Class A	2,015,700		149,464,155
McGraw Hill Financial, Inc.	2,457,600		197,148,672
Mead Johnson Nutrition Co. Class A	561,100		51,306,984
Mondelez International, Inc.	1,463,100		52,671,600
Noble Energy, Inc.	1,523,156		101,274,642
PriceSmart, Inc.	173,200		14,254,360
ResMed, Inc. (e)	1,003,500		51,921,090
The Blackstone Group LP	1,943,200		63,503,776
Verizon Communications, Inc.	1,100,032		55,463,613
Visa, Inc. Class A	687,900		145,153,779
TOTAL UNITED STATES OF AMERICA			1,918,404,207
TOTAL COMMON STOCKS (Cost $19,295,209,239)		24,754,942,442
Preferred Stocks - 1.6%

Convertible Preferred Stocks - 0.1%
United States of America - 0.1%
NJOY, Inc.:
Series C (a)(h)	770,400		13,039,867
Series D (h)	250,743		4,244,101
TOTAL UNITED STATES OF AMERICA			17,283,968
Nonconvertible Preferred Stocks - 1.5%
Germany - 1.5%
Henkel AG & Co. KGaA	1,637,700		182,629,892
Volkswagen AG	920,726		215,202,373
TOTAL GERMANY			397,832,265
TOTAL PREFERRED STOCKS (Cost $290,841,562)		415,116,233

Preferred Securities - 0.1%
		Principal Amount (d)	Value
Ireland - 0.1%
Baggot Securities Ltd. 10.24% (f)(g) (Cost $31,421,563)	EUR	20,460,000	$ 30,877,626

Money Market Funds - 5.7%
	Shares
Fidelity Cash Central Fund, 0.11% (b)	1,037,246,244		1,037,246,244
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	439,402,737		439,402,737
TOTAL MONEY MARKET FUNDS (Cost $1,476,648,981)		1,476,648,981
TOTAL INVESTMENT PORTFOLIO - 102.2% (Cost $21,094,121,345)			26,677,585,282
NET OTHER ASSETS (LIABILITIES) - (2.2)%			(576,830,449)
NET ASSETS - 100%		$ 26,100,754,833

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) 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 $35,685,593 or 0.1% of net assets.

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

(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 $17,283,968 or 0.1% 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	$ 824,083
Fidelity Securities Lending Cash Central Fund	9,497,561
Total	$ 10,321,644

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Painted Pony Petroleum Ltd.	$ 25,702,824	$ -	$ 1,198,184*	$ -	$ -
Painted Pony Petroleum Ltd. (144A)	9,595,190	-	10,468,780	-	-
Total	$ 35,298,014	$ -	$ 11,666,964	$ -	$ -

* Includes the value of securities delivered through in-kind transactions.

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	$ 4,244,751,137	$ 2,780,550,550	$ 1,446,916,619	$ 17,283,968
Consumer Staples	3,060,663,411	1,492,462,986	1,568,200,425	-
Energy	1,009,247,719	671,766,578	337,481,141	-
Financials	5,368,691,825	2,192,217,734	3,176,474,091	-
Health Care	4,071,420,213	2,043,805,815	2,027,614,398	-
Industrials	1,959,543,170	1,560,532,975	399,010,195	-
Information Technology	2,890,509,001	1,488,608,610	1,401,900,391	-
Materials	1,492,651,720	1,246,001,092	246,650,628	-
Telecommunication Services	1,072,580,479	237,912,785	834,667,694	-
Preferred Securities	30,877,626	-	30,877,626	-
Money Market Funds	1,476,648,981	1,476,648,981	-	-
Total Investments in Securities:	$ 26,677,585,282	$ 15,190,508,106	$ 11,469,793,208	$ 17,283,968

Transfers	Total
Level 1 to Level 2	$ 2,242,779,271
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $21,377,294,649. Net unrealized appreciation aggregated $5,300,290,633, of which $5,668,315,426 related to appreciated investment securities and $368,024,793 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. Preferred securities 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.

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

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 ® Emerging Asia Fund

July 31, 2014

1.804844.110

SEA-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.2%
	Shares		Value
Bermuda - 2.8%
BW Offshore Ltd.	452,600		$ 601,177
Cafe de Coral Holdings Ltd.	758,000		2,701,154
CSI Properties Ltd.	55,860,000		2,369,541
Great Eagle Holdings Ltd.	1,670,000		6,030,672
Hongkong Land Holdings Ltd.	837,000		5,720,970
Huabao International Holdings Ltd.	1,620,000		1,176,356
Luk Fook Holdings International Ltd.	611,000		1,897,687
Noble Group Ltd.	3,444,000		3,898,723
Oriental Watch Holdings Ltd.	5,018,000		1,224,371
PAX Global Technology Ltd. (a)	4,169,000		3,195,720
Yue Yuen Industrial (Holdings) Ltd.	1,001,000		3,345,180
TOTAL BERMUDA			32,161,551
British Virgin Islands - 0.0%
Michael Kors Holdings Ltd. (a)	6,400		521,472
Cayman Islands - 10.8%
AAC Technology Holdings, Inc.	479,500		2,842,960
Baidu.com, Inc. sponsored ADR (a)	6,000		1,296,300
Best Pacific International Holdings Ltd.	3,274,000		1,023,615
Casetek Holdings	108,000		618,753
China Liansu Group Holdings Ltd.	206,000		121,200
China Lilang Ltd.	754,000		494,760
China Lodging Group Ltd. ADR (a)	149,600		3,732,520
China Resources Cement Holdings Ltd.	8,449,706		6,101,674
China Sanjiang Fine Chemicals Ltd.	4,868,000		1,744,376
Cimc Enric Holdings Ltd.	759,000		903,738
Ctrip.com International Ltd. sponsored ADR (a)	17,500		1,120,525
Daqo New Energy Corp. ADR (a)	8,000		199,040
ENN Energy Holdings Ltd.	422,000		2,984,892
GCL-Poly Energy Holdings Ltd. (a)	22,047,000		7,117,521
Goodbaby International Holdings Ltd.	2,152,000		1,078,600
Greatview Aseptic Pack Co. Ltd.	2,625,000		2,043,388
Home Inns & Hotels Management, Inc. sponsored ADR (a)	18,200		649,376
Hosa International Ltd.	5,244,000		1,592,691
iKang Healthcare Group, Inc. sponsored ADR	7,500		140,700
KWG Property Holding Ltd.	10,039,500		7,329,988
Lifestyle International Holdings Ltd.	2,892,500		5,642,365
Longfor Properties Co. Ltd.	2,191,000		3,149,405
MGM China Holdings Ltd.	1,535,200		5,613,687
Sands China Ltd.	1,447,200		10,624,896
Silicon Motion Technology Corp. sponsored ADR	54,300		1,252,158
Sitoy Group Holdings Ltd.	1,849,000		1,280,677
SOHO China Ltd.	2,636,000		2,216,030
SouFun Holdings Ltd. ADR	212,100		2,432,787
Tencent Holdings Ltd.	2,021,500		32,828,675
Value Partners Group Ltd.	3,519,000		2,549,987
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	201,800		6,217,458
Xinyi Glass Holdings Ltd.	1,128,000		659,756

	Shares		Value
Yingde Gases Group Co. Ltd.	2,098,500		$ 2,290,393
Zhen Ding Technology Holding Ltd.	853,550		2,551,324
TOTAL CAYMAN ISLANDS			122,446,215
China - 15.3%
Aluminum Corp. of China Ltd. (H Shares) (a)	10,416,000		4,787,879
Anhui Conch Cement Co. Ltd. (H Shares)	1,043,500		3,904,058
Bank of China Ltd. (H Shares)	40,074,000		19,150,920
BBMG Corp. (H Shares)	604,000		470,433
China Communications Construction Co. Ltd. (H Shares)	7,547,000		5,711,560
China Construction Bank Corp. (H Shares)	32,822,000		25,112,772
China Longyuan Power Grid Corp. Ltd. (H Shares)	1,940,000		1,971,203
China Merchants Bank Co. Ltd. (H Shares)	3,619,000		7,313,796
China Pacific Insurance Group Co. Ltd. (H Shares)	3,086,200		12,121,595
China Petroleum & Chemical Corp. (H Shares)	15,542,000		15,215,689
China Railway Construction Corp. Ltd. (H Shares)	3,369,000		3,229,118
China Railway Group Ltd. (H Shares)	12,402,000		6,632,604
China Shenhua Energy Co. Ltd. (H Shares)	3,301,500		9,707,792
China Suntien Green Energy Corp. Ltd. (H Shares)	5,995,000		1,859,871
Chongqing Changan Automobile Co. Ltd. (B Shares)	384,082		824,110
CSR Corp. Ltd. (H Shares)	8,633,000		7,721,048
Guangdong Kelon Electrical Holdings Ltd. Series H (a)	1,427,000		1,815,488
Guangzhou R&F Properties Co. Ltd. (H Shares)	1,541,200		2,259,638
Huadian Fuxin Energy Corp. Ltd. (H Shares)	7,758,000		3,947,921
Huadian Power International Corp. Ltd. (H Shares)	7,700,000		4,747,562
Industrial & Commercial Bank of China Ltd. (H Shares)	14,559,000		9,929,494
Ping An Insurance (Group) Co. of China Ltd. (H Shares)	1,438,000		12,218,686
Shanghai Electric Group Co. Ltd. (H Shares)	8,332,000		3,696,638
Sinotrans Ltd. (H Shares)	5,149,000		3,188,940
Weichai Power Co. Ltd. (H Shares)	992,000		4,322,581
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares)	535,100		1,480,584
TOTAL CHINA			173,341,980
Hong Kong - 9.9%
AIA Group Ltd.	5,077,800		27,203,808
Champion (REIT)	7,363,000		3,420,562
China Power International Development Ltd.	6,358,000		2,665,973
Common Stocks - continued
	Shares		Value
Hong Kong - continued
Dah Chong Hong Holdings Ltd.	5,988,000		$ 3,655,213
Dah Sing Banking Group Ltd.	742,800		1,326,216
Dah Sing Financial Holdings Ltd.	524,000		2,973,501
Far East Horizon Ltd.	5,533,000		4,242,810
Fosun International Ltd.	2,109,000		2,667,652
Galaxy Entertainment Group Ltd.	1,088,000		9,149,712
HKT Trust/HKT Ltd. unit	7,298,300		8,619,734
Hutchison Whampoa Ltd.	1,106,000		15,003,382
Hysan Development Co. Ltd.	1,270,000		6,079,238
Lenovo Group Ltd.	5,284,000		7,207,836
Magnificent Estates Ltd.	7,760,000		388,108
PCCW Ltd.	8,234,000		5,062,767
Singamas Container Holdings Ltd.	2,358,000		449,782
Techtronic Industries Co. Ltd.	363,000		1,088,014
Vitasoy International Holdings Ltd.	2,120,000		2,727,751
Wheelock and Co. Ltd.	1,703,000		8,586,903
TOTAL HONG KONG			112,518,962
India - 9.3%
Apollo Tyres Ltd.	613,146		1,753,670
Axis Bank Ltd.	941,530		6,227,814
Balkrishna Industries Ltd. (a)	24,868		322,813
Bharat Petroleum Corp. Ltd.	211,108		2,009,719
Bharti Infratel Ltd. (a)	863,885		3,648,709
Cox & Kings India Ltd.	691,851		3,009,487
Engineers India Ltd.	154,756		712,046
Havells India Ltd.	53,698		1,057,617
HCL Technologies Ltd.	235,431		6,034,010
Hexaware Technologies Ltd.	493,075		1,149,067
Housing Development Finance Corp. Ltd.	696,915		12,205,114
IL&FS Transportation Networks Ltd.	117,191		445,884
Ipca Laboratories Ltd.	128,967		1,511,979
Lupin Ltd.	200,901		4,246,502
Mahindra & Mahindra Ltd.	145,496		2,864,217
Max India Ltd.	335,204		1,692,490
McLeod Russel India Ltd.	255,011		1,178,451
MindTree Consulting Ltd.	294,996		5,104,605
Mphasis BFL Ltd.	134,940		1,009,981
MRF Ltd.	4,839		1,860,251
NIIT Technologies Ltd.	199,257		1,233,020
NTPC Ltd.	1,824,418		4,349,692
Persistent Systems Ltd.	6,680		136,743
Petronet LNG Ltd.	1,206,926		3,628,069
Punjab National Bank	184,370		2,949,926
Redington India Ltd.	434,185		707,546
Reliance Infrastructure Ltd. (a)	132,446		1,607,382
Shriram City Union Finance Ltd.	109,591		3,062,393
Sintex Industries Ltd.	410,005		571,443
Sun Pharmaceutical Industries Ltd.	450,243		5,850,547
Tata Motors Ltd.	1,105,750		8,088,608
Tata Power Co. Ltd.	1,664,245		2,669,477
The Jammu & Kashmir Bank Ltd.	131,129		3,450,955

	Shares		Value
UPL Ltd.	467,760		$ 2,530,371
Yes Bank Ltd.	702,032		6,189,098
TOTAL INDIA			105,069,696
Indonesia - 2.1%
PT Adaro Energy Tbk	11,477,400		1,154,701
PT Bank Mandiri (Persero) Tbk	8,797,600		7,655,284
PT Bank Rakyat Indonesia Tbk	11,564,200		11,092,049
PT BISI International Tbk	8,333,400		364,189
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk	16,611,900		2,975,051
TOTAL INDONESIA			23,241,274
Israel - 0.0%
Sarine Technologies Ltd.	253,000		575,604
Japan - 0.8%
Fuji Media Holdings, Inc.	132,900		2,122,446
KDDI Corp.	43,900		2,523,500
SoftBank Corp.	15,200		1,092,702
Suzuki Motor Corp.	85,800		2,863,147
TOTAL JAPAN			8,601,795
Korea (South) - 18.9%
AMOREPACIFIC Corp.	2,120		3,637,907
AMOREPACIFIC Group, Inc.	5,652		4,851,230
Bgf Retail (a)	17,851		1,111,143
CJ E&M Corp. (a)	11,626		437,317
CJ O Shopping Co. Ltd.	3,351		1,281,777
Cosmax Bti, Inc.	3,000		125,375
Coway Co. Ltd.	41,312		3,560,509
Daesang Corp.	74,190		3,679,345
Dongbu Insurance Co. Ltd.	57,841		3,274,388
Dongwon Industries Co.	1,841		589,393
E1 Corp.	9,100		635,385
Fila Korea Ltd.	6,916		601,487
GAMEVIL, Inc. (a)	8,110		816,947
GS Retail Co. Ltd.	51,324		1,087,073
Hanwha Corp.	101,150		2,866,509
Hy-Lok Corp.	59,495		1,952,288
Hyundai Hysco Co. Ltd.	89,534		7,165,651
Hyundai Mobis	44,309		13,234,253
Hyundai Motor Co.	80,815		19,128,470
I-Sens, Inc. (a)	2,302		108,905
Interpark Corp.	99,966		1,080,896
InterPark INT Corp.	25,628		469,190
KEPCO Plant Service & Engineering Co. Ltd.	53,805		3,870,522
Kia Motors Corp.	180,994		10,623,836
Korea Zinc Co. Ltd.	10,513		4,208,858
Kumho Petro Chemical Co. Ltd.	11,690		1,018,886
LG Household & Health Care Ltd.	16,293		7,565,591
NAVER Corp.	5,950		4,247,958
Samsung Electronics Co. Ltd.	49,333		63,838,164
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Samsung Fire & Marine Insurance Co. Ltd.	27,448		$ 7,522,266
Samsung SDI Co. Ltd.	34,735		5,347,740
Shinhan Financial Group Co. Ltd.	316,970		15,652,139
SK Hynix, Inc. (a)	309,730		13,474,252
SK Telecom Co. Ltd.	15,191		3,898,990
Sung Kwang Bend Co. Ltd.	48,495		934,156
TOTAL KOREA (SOUTH)			213,898,796
Malaysia - 3.4%
Glomac Bhd	1,695,100		635,073
Malayan Banking Bhd	2,814,221		8,678,110
Malaysian Plantations Bhd	2,062,200		3,144,192
Media Prima Bhd	1,511,200		1,174,016
SapuraKencana Petroleum Bhd	2,618,400		3,521,085
Sunway Bhd	1,215,200		1,217,438
Tenaga Nasional Bhd	3,386,100		13,137,789
YTL Corp. Bhd	13,153,900		6,455,310
TOTAL MALAYSIA			37,963,013
Mauritius - 0.1%
MakeMyTrip Ltd. (a)	35,500		1,074,585
Philippines - 1.5%
Alliance Global Group, Inc.	7,471,000		4,473,439
D&L Industries, Inc.	2,251,300		560,528
Holcim Philippines, Inc.	425,400		130,681
Metropolitan Bank & Trust Co.	1,911,440		3,747,129
Philippine National Bank (a)	83,334		171,016
Security Bank Corp.	2,756,558		7,557,572
Vista Land & Lifescapes, Inc.	4,058,500		544,911
TOTAL PHILIPPINES			17,185,276
Singapore - 5.2%
Cordlife Group Ltd.	599,000		549,882
Ezion Holdings Ltd.	2,908,000		4,980,115
First Resources Ltd.	1,459,000		2,632,416
Goodpack Ltd.	187,000		367,890
Keppel Corp. Ltd.	1,219,000		10,684,527
Mapletree Industrial (REIT)	5,084,674		5,714,852
Singapore Telecommunications Ltd.	4,375,000		14,229,707
United Overseas Bank Ltd.	779,000		15,033,651
Wing Tai Holdings Ltd.	2,108,000		3,326,483
Yanlord Land Group Ltd.	1,855,000		1,790,707
TOTAL SINGAPORE			59,310,230
Taiwan - 12.2%
Acer, Inc. (a)	4,582,000		3,622,690
Advanced Semiconductor Engineering, Inc.	7,240,000		8,577,437
ASUSTeK Computer, Inc.	350,000		3,689,659
Catcher Technology Co. Ltd.	952,000		7,762,348
Cleanaway Co. Ltd.	98,000		568,061

	Shares		Value
Delta Electronics, Inc.	1,232,000		$ 8,351,794
Fubon Financial Holding Co. Ltd.	6,697,000		10,487,716
Giant Manufacturing Co. Ltd.	238,000		1,947,451
Hon Hai Precision Industry Co. Ltd. (Foxconn)	6,235,000		21,313,878
HTC Corp.	479,000		2,084,790
King Slide Works Co. Ltd.	45,000		594,106
Merida Industry Co. Ltd.	153,000		1,191,862
Novatek Microelectronics Corp.	1,225,000		6,186,853
Pegatron Corp.	1,318,000		2,491,498
Sinopac Holdings Co.	14,897,858		6,969,568
Taishin Financial Holdings Co. Ltd.	15,124,239		8,052,165
Taiwan Semiconductor Manufacturing Co. Ltd.	10,092,192		40,364,863
Tongtai Machine & Tool Co. Ltd.	562,000		627,890
Vanguard International Semiconductor Corp.	1,897,000		2,708,068
TOTAL TAIWAN			137,592,697
Thailand - 3.8%
Charoen Pokphand Foods PCL (For. Reg.)	2,483,400		2,054,745
Delta Electronics PCL (For. Reg.)	2,269,100		4,364,738
Jasmine International Public Co. Ltd.	4,482,900		1,038,991
Kasikornbank PCL (For. Reg.)	1,422,800		9,344,033
Preuksa Real Estate PCL (For. Reg.)	8,321,400		8,609,750
Quality Houses PCL NVDR	20,199,600		2,455,683
Shin Corp. PLC NVDR	2,934,500		6,226,620
Thai Beverage PCL	14,474,000		7,096,337
Thai Tap Water Supply PCL (For. Reg.)	1,982,300		738,860
Thanachart Capital PCL (For. Reg.)	600,400		659,569
TOTAL THAILAND			42,589,326
United Kingdom - 0.2%
Standard Chartered PLC (United Kingdom)	105,501		2,194,406
United States of America - 0.9%
Cognizant Technology Solutions Corp. Class A (a)	110,900		5,439,645
Las Vegas Sands Corp.	58,800		4,342,380
TOTAL UNITED STATES OF AMERICA			9,782,025
TOTAL COMMON STOCKS (Cost $970,822,678)		1,100,068,903
Money Market Funds - 2.7%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b) (Cost $30,091,146)	30,091,146		$ 30,091,146
TOTAL INVESTMENT PORTFOLIO - 99.9% (Cost $1,000,913,824)			1,130,160,049
NET OTHER ASSETS (LIABILITIES) - 0.1%			1,083,465
NET ASSETS - 100%		$ 1,131,243,514

Legend

(a) Non-income producing

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	$ 7,109
Fidelity Securities Lending Cash Central Fund	5,195
Total	$ 12,304

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	$ 143,156,645	$ 11,440,858	$ 131,715,787	$ -
Consumer Staples	43,156,581	-	43,156,581	-
Energy	42,678,218	601,177	42,077,041	-
Financials	352,614,472	2,194,406	350,420,066	-
Health Care	18,625,973	6,358,158	12,267,815	-
Industrials	81,946,897	-	81,946,897	-
Information Technology	281,601,368	10,619,930	270,981,438	-
Materials	44,035,583	-	44,035,583	-
Telecommunication Services	46,341,720	-	46,341,720	-
Utilities	45,911,446	-	45,911,446	-
Money Market Funds	30,091,146	30,091,146	-	-
Total Investments in Securities:	$ 1,130,160,049	$ 61,305,675	$ 1,068,854,374	$ -

Transfers	Total
Level 1 to Level 2	$ 678,114,970
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $1,001,501,246. Net unrealized appreciation aggregated $128,658,803, of which $162,571,956 related to appreciated investment securities and $33,913,153 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

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 Advisor®
Emerging Europe, Middle East,
Africa (EMEA) Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C
and Institutional Class are classes of
Fidelity® Emerging Europe, Middle East,
Africa (EMEA) Fund

1.861995.106

AEME-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
Austria - 0.5%
CA Immobilien Anlagen AG	31,700		$ 634,808
Bangladesh - 0.1%
Prime Bank Ltd.	568,750		171,792
Belgium - 0.2%
Euronav NV (a)	22,000		267,489
Bermuda - 0.5%
Aquarius Platinum Ltd. (a)	1,607,700		682,182
Botswana - 0.2%
First National Bank of Botswana Ltd.	650,000		254,475
Canada - 0.3%
Africa Oil Corp. (a)	63,600		389,644
Croatia - 0.3%
Ledo d.d.	263		412,530
Czech Republic - 1.4%
Komercni Banka A/S	8,185		1,781,406
Estonia - 0.4%
Tallinna Kaubamaja AS	70,900		481,339
Greece - 1.8%
Fourlis Holdings SA (a)	80,000		567,757
Jumbo SA	53,036		795,400
Karelia Tobacco Co., Inc.	1,970		593,666
Sarantis SA	37,800		404,423
TOTAL GREECE			2,361,246
Hungary - 0.3%
FHB Land Credit & Mortgage Bank (a)	138,000		426,825
Israel - 0.3%
Teva Pharmaceutical Industries Ltd.	8,200		439,077
Kenya - 1.4%
British American Tobacco Kenya Ltd.	51,700		382,745
Kenya Commercial Bank Ltd.	756,500		469,581
Safaricom Ltd.	6,247,044		868,040
Uchumi Supermarket Ltd. (a)	837,200		115,377
TOTAL KENYA			1,835,743
Kuwait - 1.0%
Gulf Bank (a)	292,300		350,863
Kuwait Food Co. (Americana)	93,870		1,014,094
TOTAL KUWAIT			1,364,957
Common Stocks - continued
	Shares		Value
Lithuania - 0.5%
Apranga AB (a)	163,766		$ 605,243
Luxembourg - 0.3%
Pegas NONWOVENS SA	14,200		427,369
Netherlands - 0.6%
Fortuna Entertainment Group NV	80,000		488,124
X5 Retail Group NV GDR (Reg. S) (a)	18,500		356,125
TOTAL NETHERLANDS			844,249
Nigeria - 1.0%
FBN Holdings PLC	6,000,000		536,628
Zenith Bank PLC	5,284,656		818,648
TOTAL NIGERIA			1,355,276
Oman - 0.8%
BankMuscat SAOG (a)	75,000		135,584
National Bank of Oman (a)	911,343		871,102
TOTAL OMAN			1,006,686
Pakistan - 1.2%
Indus Motor Co. Ltd.	72,000		437,505
Pak Suzuki Motors	167,200		482,958
Pakistan Petroleum Ltd.	120,000		282,410
United Bank Ltd.	190,000		374,690
TOTAL PAKISTAN			1,577,563
Poland - 4.9%
Bank Handlowy w Warszawie SA	66,000		2,305,548
Bank Polska Kasa Opieki SA	57,800		3,074,961
Orbis SA	30,000		402,846
Powszechny Zaklad Ubezpieczen SA	4,500		634,554
TOTAL POLAND			6,417,909
Qatar - 2.1%
Al Meera Consumer Goods Co. (a)	3,000		149,712
Commercial Bank of Qatar (a)	58,882		1,099,691
Qatar National Bank SAQ (a)	30,403		1,511,382
TOTAL QATAR			2,760,785
Romania - 1.9%
Banca Transilvania SA (a)	1,726,479		938,834
Common Stocks - continued
	Shares		Value
Romania - continued
Bursa de Valori Bucuresti (a)	73,404		$ 639,367
SNP Petrom SA	5,839,899		847,606
TOTAL ROMANIA			2,425,807
Russia - 16.7%
Gazprom OAO sponsored ADR (Reg. S)	959,100		7,049,385
LUKOIL Oil Co.	11,300		632,828
LUKOIL Oil Co. sponsored ADR (United Kingdom)	95,295		5,341,285
Magnit OJSC	6,700		1,715,845
Megafon OJSC GDR	38,200		1,069,600
NOVATEK OAO GDR (Reg. S)	8,325		864,551
Sberbank (Savings Bank of the Russian Federation) (a)	2,078,900		4,282,463
Vozrozhdenie Bank (a)	88,900		970,146
TOTAL RUSSIA			21,926,103
Slovenia - 0.5%
Krka dd Novo mesto	6,700		588,091
South Africa - 41.8%
Anglo American Platinum Ltd. (a)	26,400		1,160,389
AngloGold Ashanti Ltd. (a)	168,400		2,887,454
Ascendis Health Ltd. (a)	110,000		148,746
Aspen Pharmacare Holdings Ltd.	66,800		1,810,010
AVI Ltd.	25,000		141,518
Cashbuild Ltd.	61,700		788,296
Clicks Group Ltd.	324,449		1,987,299
DRDGOLD Ltd.	3,764,814		1,066,182
DRDGOLD Ltd. sponsored ADR (d)	28,300		80,938
FirstRand Ltd.	733,500		2,958,489
Grand Parade Investments Ltd. (a)	727,000		427,129
Harmony Gold Mining Co. Ltd. (a)	470,700		1,448,761
Holdsport Ltd.	130,400		515,982
Hulamin Ltd. (a)	896,200		668,619
MTN Group Ltd.	397,450		8,243,294
Nampak Ltd.	748,100		2,846,450
Naspers Ltd. Class N	57,200		7,098,284
Pioneer Foods Ltd.	176,200		1,929,113
Raubex Group Ltd.	590,900		1,266,883
Remgro Ltd.	132,100		2,856,726
RMB Holdings Ltd.	181,900		947,244
Sasol Ltd.	103,900		5,993,300
Shoprite Holdings Ltd.	118,400		1,788,643
Standard Bank Group Ltd.	235,863		3,183,700
Common Stocks - continued
	Shares		Value
South Africa - continued
Telkom SA Ltd. (a)	147,800		$ 684,624
Vodacom Group Ltd.	89,200		1,044,147
Zeder Investments Ltd.	1,590,847		864,929
TOTAL SOUTH AFRICA			54,837,149
Sri Lanka - 0.3%
Hatton National Bank PLC	278,700		363,824
Turkey - 4.7%
Aselsan A/S	171,000		748,544
Brisa Bridgestone S.A.B. Las San	232,000		775,210
Ege Endustri Ve Ticaret A/S	3,000		171,505
Gubre Fabrikalari TAS	198,000		407,495
Koc Holding A/S	271,850		1,427,251
Logo Yazilim Sanayi Ve Ticar (a)	14,928		145,950
Pinar Sut Mamulleri Sanayi A/S	15,000		130,903
Turk Traktor ve Ziraat Makinalari A/S	8,000		281,874
Turkiye Garanti Bankasi A/S	498,000		2,050,875
TOTAL TURKEY			6,139,607
United Arab Emirates - 4.9%
Aldar Properties PJSC (a)	1,389,156		1,425,823
Dubai Financial Market PJSC (a)	1,016,713		949,436
Emaar Properties PJSC (a)	487,227		1,295,982
First Gulf Bank PJSC	266,223		1,319,138
SHUAA Capital PSC (a)	4,228,171		1,461,940
TOTAL UNITED ARAB EMIRATES			6,452,319
United Kingdom - 4.3%
Abdullah Al Othaim Markets Co. (HSBC Warrant Program) warrants 7/31/17 (a)	14,236		422,360
Al Noor Hospitals Group PLC	30,100		516,817
Aldrees Petoleum & Transport (HSBC Warrant Program) warrants 2/7/17 (a)	48,399		727,576
Fawaz Abdulaziz Alhokair & Co. (HSBC Warrant Program) warrants 2/23/15 (a)	14,800		424,018
Halwani Bros. Co. (HSBC Warrant Program) warrants 5/4/15 (a)	17,726		384,726
Herfy Food Services Co. (HSBC Warrant Program):
warrants 10/8/15 (a)	18,373		511,198
warrants 7/6/17 (a)	7,200		200,328
NMC Health PLC	68,700		545,135
Saudi Vitrified Clay Pipe Co. (HSBC Warrant Program) warrants 5/4/15 (a)	12,000		299,068
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Saudia Dairy & Foodstuff Co. (HSBC Warrant Program) warrants 6/26/15 (a)	19,000		$ 567,145
The Savola Group (HSBC Warrant Program) warrants 2/2/15 (a)	19,000		414,860
United International Transportation Co. (HSBC Warrant Program) warrants 2/23/15 (a)	30,667		640,823
TOTAL UNITED KINGDOM			5,654,054
TOTAL COMMON STOCKS (Cost $109,285,011)		124,885,547
Nonconvertible Preferred Stocks - 3.6%

Russia - 3.6%
Surgutneftegas	3,764,700		2,774,364
Tatneft OAO (a)	547,400		2,011,800
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $3,974,967)		4,786,164
Money Market Funds - 1.3%

Fidelity Cash Central Fund, 0.11% (b)	1,599,169		1,599,169
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	63,600		63,600
TOTAL MONEY MARKET FUNDS (Cost $1,662,769)		1,662,769
TOTAL INVESTMENT PORTFOLIO - 100.1% (Cost $114,922,747)			131,334,480
NET OTHER ASSETS (LIABILITIES) - (0.1)%			(136,838)
NET ASSETS - 100%		$ 131,197,642

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	$ 1,420
Fidelity Securities Lending Cash Central Fund	5,338
Total	$ 6,758

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 July 31, 2014, 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	$ 14,997,702	$ 14,997,702	$ -	$ -
Consumer Staples	10,589,238	10,589,238	-	-
Energy	26,454,662	20,461,362	5,993,300	-
Financials	46,553,556	39,910,579	6,442,649	200,328
Health Care	4,047,876	3,608,799	439,077	-
Industrials	3,724,552	3,724,552	-	-
Information Technology	145,950	145,950	-	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Materials	$ 11,248,470	$ 5,846,073	$ 5,402,397	$ -
Telecommunication Services	11,909,705	11,909,705	-	-
Money Market Funds	1,662,769	1,662,769	-	-
Total Investments in Securities:	$ 131,334,480	$ 112,856,729	$ 18,277,423	$ 200,328

Transfers	Total
Level 1 to Level 2	$ 1,965,445
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $115,269,358. Net unrealized appreciation aggregated $16,065,122, of which $25,695,690 related to appreciated investment securities and $9,630,568 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

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

July 31, 2014

1.861977.106

EME-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
Austria - 0.5%
CA Immobilien Anlagen AG	31,700		$ 634,808
Bangladesh - 0.1%
Prime Bank Ltd.	568,750		171,792
Belgium - 0.2%
Euronav NV (a)	22,000		267,489
Bermuda - 0.5%
Aquarius Platinum Ltd. (a)	1,607,700		682,182
Botswana - 0.2%
First National Bank of Botswana Ltd.	650,000		254,475
Canada - 0.3%
Africa Oil Corp. (a)	63,600		389,644
Croatia - 0.3%
Ledo d.d.	263		412,530
Czech Republic - 1.4%
Komercni Banka A/S	8,185		1,781,406
Estonia - 0.4%
Tallinna Kaubamaja AS	70,900		481,339
Greece - 1.8%
Fourlis Holdings SA (a)	80,000		567,757
Jumbo SA	53,036		795,400
Karelia Tobacco Co., Inc.	1,970		593,666
Sarantis SA	37,800		404,423
TOTAL GREECE			2,361,246
Hungary - 0.3%
FHB Land Credit & Mortgage Bank (a)	138,000		426,825
Israel - 0.3%
Teva Pharmaceutical Industries Ltd.	8,200		439,077
Kenya - 1.4%
British American Tobacco Kenya Ltd.	51,700		382,745
Kenya Commercial Bank Ltd.	756,500		469,581
Safaricom Ltd.	6,247,044		868,040
Uchumi Supermarket Ltd. (a)	837,200		115,377
TOTAL KENYA			1,835,743
Kuwait - 1.0%
Gulf Bank (a)	292,300		350,863
Kuwait Food Co. (Americana)	93,870		1,014,094
TOTAL KUWAIT			1,364,957
Common Stocks - continued
	Shares		Value
Lithuania - 0.5%
Apranga AB (a)	163,766		$ 605,243
Luxembourg - 0.3%
Pegas NONWOVENS SA	14,200		427,369
Netherlands - 0.6%
Fortuna Entertainment Group NV	80,000		488,124
X5 Retail Group NV GDR (Reg. S) (a)	18,500		356,125
TOTAL NETHERLANDS			844,249
Nigeria - 1.0%
FBN Holdings PLC	6,000,000		536,628
Zenith Bank PLC	5,284,656		818,648
TOTAL NIGERIA			1,355,276
Oman - 0.8%
BankMuscat SAOG (a)	75,000		135,584
National Bank of Oman (a)	911,343		871,102
TOTAL OMAN			1,006,686
Pakistan - 1.2%
Indus Motor Co. Ltd.	72,000		437,505
Pak Suzuki Motors	167,200		482,958
Pakistan Petroleum Ltd.	120,000		282,410
United Bank Ltd.	190,000		374,690
TOTAL PAKISTAN			1,577,563
Poland - 4.9%
Bank Handlowy w Warszawie SA	66,000		2,305,548
Bank Polska Kasa Opieki SA	57,800		3,074,961
Orbis SA	30,000		402,846
Powszechny Zaklad Ubezpieczen SA	4,500		634,554
TOTAL POLAND			6,417,909
Qatar - 2.1%
Al Meera Consumer Goods Co. (a)	3,000		149,712
Commercial Bank of Qatar (a)	58,882		1,099,691
Qatar National Bank SAQ (a)	30,403		1,511,382
TOTAL QATAR			2,760,785
Romania - 1.9%
Banca Transilvania SA (a)	1,726,479		938,834
Common Stocks - continued
	Shares		Value
Romania - continued
Bursa de Valori Bucuresti (a)	73,404		$ 639,367
SNP Petrom SA	5,839,899		847,606
TOTAL ROMANIA			2,425,807
Russia - 16.7%
Gazprom OAO sponsored ADR (Reg. S)	959,100		7,049,385
LUKOIL Oil Co.	11,300		632,828
LUKOIL Oil Co. sponsored ADR (United Kingdom)	95,295		5,341,285
Magnit OJSC	6,700		1,715,845
Megafon OJSC GDR	38,200		1,069,600
NOVATEK OAO GDR (Reg. S)	8,325		864,551
Sberbank (Savings Bank of the Russian Federation) (a)	2,078,900		4,282,463
Vozrozhdenie Bank (a)	88,900		970,146
TOTAL RUSSIA			21,926,103
Slovenia - 0.5%
Krka dd Novo mesto	6,700		588,091
South Africa - 41.8%
Anglo American Platinum Ltd. (a)	26,400		1,160,389
AngloGold Ashanti Ltd. (a)	168,400		2,887,454
Ascendis Health Ltd. (a)	110,000		148,746
Aspen Pharmacare Holdings Ltd.	66,800		1,810,010
AVI Ltd.	25,000		141,518
Cashbuild Ltd.	61,700		788,296
Clicks Group Ltd.	324,449		1,987,299
DRDGOLD Ltd.	3,764,814		1,066,182
DRDGOLD Ltd. sponsored ADR (d)	28,300		80,938
FirstRand Ltd.	733,500		2,958,489
Grand Parade Investments Ltd. (a)	727,000		427,129
Harmony Gold Mining Co. Ltd. (a)	470,700		1,448,761
Holdsport Ltd.	130,400		515,982
Hulamin Ltd. (a)	896,200		668,619
MTN Group Ltd.	397,450		8,243,294
Nampak Ltd.	748,100		2,846,450
Naspers Ltd. Class N	57,200		7,098,284
Pioneer Foods Ltd.	176,200		1,929,113
Raubex Group Ltd.	590,900		1,266,883
Remgro Ltd.	132,100		2,856,726
RMB Holdings Ltd.	181,900		947,244
Sasol Ltd.	103,900		5,993,300
Shoprite Holdings Ltd.	118,400		1,788,643
Standard Bank Group Ltd.	235,863		3,183,700
Common Stocks - continued
	Shares		Value
South Africa - continued
Telkom SA Ltd. (a)	147,800		$ 684,624
Vodacom Group Ltd.	89,200		1,044,147
Zeder Investments Ltd.	1,590,847		864,929
TOTAL SOUTH AFRICA			54,837,149
Sri Lanka - 0.3%
Hatton National Bank PLC	278,700		363,824
Turkey - 4.7%
Aselsan A/S	171,000		748,544
Brisa Bridgestone S.A.B. Las San	232,000		775,210
Ege Endustri Ve Ticaret A/S	3,000		171,505
Gubre Fabrikalari TAS	198,000		407,495
Koc Holding A/S	271,850		1,427,251
Logo Yazilim Sanayi Ve Ticar (a)	14,928		145,950
Pinar Sut Mamulleri Sanayi A/S	15,000		130,903
Turk Traktor ve Ziraat Makinalari A/S	8,000		281,874
Turkiye Garanti Bankasi A/S	498,000		2,050,875
TOTAL TURKEY			6,139,607
United Arab Emirates - 4.9%
Aldar Properties PJSC (a)	1,389,156		1,425,823
Dubai Financial Market PJSC (a)	1,016,713		949,436
Emaar Properties PJSC (a)	487,227		1,295,982
First Gulf Bank PJSC	266,223		1,319,138
SHUAA Capital PSC (a)	4,228,171		1,461,940
TOTAL UNITED ARAB EMIRATES			6,452,319
United Kingdom - 4.3%
Abdullah Al Othaim Markets Co. (HSBC Warrant Program) warrants 7/31/17 (a)	14,236		422,360
Al Noor Hospitals Group PLC	30,100		516,817
Aldrees Petoleum & Transport (HSBC Warrant Program) warrants 2/7/17 (a)	48,399		727,576
Fawaz Abdulaziz Alhokair & Co. (HSBC Warrant Program) warrants 2/23/15 (a)	14,800		424,018
Halwani Bros. Co. (HSBC Warrant Program) warrants 5/4/15 (a)	17,726		384,726
Herfy Food Services Co. (HSBC Warrant Program):
warrants 10/8/15 (a)	18,373		511,198
warrants 7/6/17 (a)	7,200		200,328
NMC Health PLC	68,700		545,135
Saudi Vitrified Clay Pipe Co. (HSBC Warrant Program) warrants 5/4/15 (a)	12,000		299,068
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Saudia Dairy & Foodstuff Co. (HSBC Warrant Program) warrants 6/26/15 (a)	19,000		$ 567,145
The Savola Group (HSBC Warrant Program) warrants 2/2/15 (a)	19,000		414,860
United International Transportation Co. (HSBC Warrant Program) warrants 2/23/15 (a)	30,667		640,823
TOTAL UNITED KINGDOM			5,654,054
TOTAL COMMON STOCKS (Cost $109,285,011)		124,885,547
Nonconvertible Preferred Stocks - 3.6%

Russia - 3.6%
Surgutneftegas	3,764,700		2,774,364
Tatneft OAO (a)	547,400		2,011,800
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $3,974,967)		4,786,164
Money Market Funds - 1.3%

Fidelity Cash Central Fund, 0.11% (b)	1,599,169		1,599,169
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	63,600		63,600
TOTAL MONEY MARKET FUNDS (Cost $1,662,769)		1,662,769
TOTAL INVESTMENT PORTFOLIO - 100.1% (Cost $114,922,747)			131,334,480
NET OTHER ASSETS (LIABILITIES) - (0.1)%			(136,838)
NET ASSETS - 100%		$ 131,197,642

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	$ 1,420
Fidelity Securities Lending Cash Central Fund	5,338
Total	$ 6,758

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 July 31, 2014, 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	$ 14,997,702	$ 14,997,702	$ -	$ -
Consumer Staples	10,589,238	10,589,238	-	-
Energy	26,454,662	20,461,362	5,993,300	-
Financials	46,553,556	39,910,579	6,442,649	200,328
Health Care	4,047,876	3,608,799	439,077	-
Industrials	3,724,552	3,724,552	-	-
Information Technology	145,950	145,950	-	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Materials	$ 11,248,470	$ 5,846,073	$ 5,402,397	$ -
Telecommunication Services	11,909,705	11,909,705	-	-
Money Market Funds	1,662,769	1,662,769	-	-
Total Investments in Securities:	$ 131,334,480	$ 112,856,729	$ 18,277,423	$ 200,328

Transfers	Total
Level 1 to Level 2	$ 1,965,445
Level 2 to Level 1	$ 0

Income Tax Information

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

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 Advisor® Emerging Markets Discovery Fund
Class A
Class T
Class C
Institutional Class

July 31, 2014

Class A, Class T,
Class C, and Institutional Class
are classes of Fidelity®
Emerging Markets Discovery Fund

1.931256.102

AEMD-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
Argentina - 0.3%
Inversiones y Representaciones SA sponsored GDR	19,200		$ 304,128
Bermuda - 5.3%
Man Wah Holdings Ltd.	264,400		390,554
Texwinca Holdings Ltd.	1,286,000		1,207,477
Vtech Holdings Ltd.	49,000		606,399
Wilson Sons Ltd. unit	52,955		823,472
Yue Yuen Industrial (Holdings) Ltd.	557,000		1,861,405
TOTAL BERMUDA			4,889,307
Brazil - 1.5%
BHG SA (Brazil Hospitality Group) (a)	80,400		482,311
Fleury SA	140,800		925,944
TOTAL BRAZIL			1,408,255
Cayman Islands - 7.5%
51job, Inc. sponsored ADR (a)(d)	10,000		755,600
Ginko International Co. Ltd.	33,000		475,295
Goodbaby International Holdings Ltd.	956,000		479,155
Gourmet Master Co. Ltd.	173,000		1,461,229
Greatview Aseptic Pack Co. Ltd.	1,284,000		999,509
Hilong Holding Ltd.	629,000		352,708
Lifestyle International Holdings Ltd.	260,500		508,154
Samson Holding Ltd.	6,410,000		818,449
Silergy Corp.	57,520		477,412
Tao Heung Holdings Ltd.	950,000		567,269
TOTAL CAYMAN ISLANDS			6,894,780
Chile - 5.6%
Aguas Andinas SA	1,151,220		728,511
Compania Cervecerias Unidas SA sponsored ADR	64,207		1,448,510
Embotelladora Andina SA sponsored ADR	33,653		720,174
Inversiones La Construccion SA	69,373		833,160
Quinenco SA	671,030		1,407,681
TOTAL CHILE			5,138,036
China - 2.3%
BBMG Corp. (H Shares)	729,500		568,181
China Suntien Green Energy Corp. Ltd. (H Shares)	1,806,000		560,288
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)	484,000		496,459
Tong Ren Tang Technologies Co. Ltd. (H Shares)	344,000		488,477
TOTAL CHINA			2,113,405
Common Stocks - continued
	Shares		Value
Egypt - 0.5%
Citadel Capital Corp. (a)	700,700		$ 422,377
Greece - 0.5%
Public Power Corp. of Greece	32,500		476,534
Hong Kong - 1.7%
China Power International Development Ltd.	789,000		330,836
Far East Horizon Ltd.	983,000		753,783
Techtronic Industries Co. Ltd.	167,500		502,045
TOTAL HONG KONG			1,586,664
India - 19.4%
Bata India Ltd. (a)	35,849		735,790
CMC Ltd.	28,602		908,389
Container Corp. of India Ltd.	69,390		1,569,374
Credit Analysis & Research Ltd. (a)	16,798		332,157
Exide Industries Ltd.	374,877		1,013,267
Grasim Industries Ltd.	16,567		959,144
Havells India Ltd.	48,587		956,952
Hindalco Industries Ltd.	268,596		843,103
IDFC Ltd.	285,581		712,328
Iifl Holdings Ltd.	212,289		459,237
Indian Hotels Co. Ltd.	571,928		887,105
Indian Hotels Co. Ltd. rights 8/20/14 (a)	128,683		29,751
Ipca Laboratories Ltd.	48,250		565,672
KPIT Cummins Infosystems Ltd.	232,594		592,887
Lupin Ltd.	44,699		944,816
Mahindra Lifespace Developers Ltd.	34,935		341,947
Punjab National Bank	62,424		998,786
Shriram Transport Finance Co. Ltd.	59,162		872,517
Tech Mahindra Ltd.	23,960		847,550
The Jammu & Kashmir Bank Ltd.	20,552		540,872
Thermax Ltd.	56,221		804,558
Tube Investments of India Ltd.	279,763		1,363,849
Yes Bank Ltd.	80,581		710,400
TOTAL INDIA			17,990,451
Indonesia - 0.8%
PT Hero Supermarket Tbk (a)	2,727,500		695,570
Israel - 1.7%
Bezeq The Israeli Telecommunication Corp. Ltd.	529,000		988,039
NICE Systems Ltd. sponsored ADR	14,000		553,560
TOTAL ISRAEL			1,541,599
Common Stocks - continued
	Shares		Value
Kenya - 0.5%
East African Breweries Ltd.	142,800		$ 474,916
Korea (South) - 15.7%
Binggrea Co. Ltd.	9,267		717,732
Daewoo International Corp.	41,986		1,511,397
Daou Technology, Inc.	33,160		356,670
DGB Financial Group Co. Ltd.	92,812		1,506,454
DuzonBizon Co. Ltd.	54,320		496,065
E-Mart Co. Ltd.	5,069		1,138,056
Hyundai Hy Communications & Networks Co. Ltd.	90,057		408,451
JVM Co. Ltd. (a)	16,062		905,316
KEPCO Plant Service & Engineering Co. Ltd.	24,425		1,757,039
Kiwoom Securities Co. Ltd.	7,292		351,120
Korea Electric Terminal Co. Ltd.	12,350		534,153
Korean Reinsurance Co.	94,884		1,037,974
Leeno Industrial, Inc.	18,759		650,684
LG Household & Health Care Ltd.	3,237		1,503,088
Seoul Semiconductor Co. Ltd.	12,172		335,884
Shinsegae Food Co. Ltd.	10,467		901,257
TK Corp. (a)	29,904		438,836
TOTAL KOREA (SOUTH)			14,550,176
Luxembourg - 0.4%
Globant SA (a)	29,200		330,544
Malaysia - 1.6%
Oldtown Bhd	1,353,775		929,255
Top Glove Corp. Bhd	355,900		514,326
TOTAL MALAYSIA			1,443,581
Mexico - 2.2%
Banregio Grupo Financiero S.A.B. de CV	55,200		313,037
Consorcio ARA S.A.B. de CV (a)	1,257,200		572,492
Megacable Holdings S.A.B. de CV unit	187,400		804,601
Qualitas Controladora S.A.B. de CV	139,700		378,839
TOTAL MEXICO			2,068,969
Nigeria - 1.5%
Transnational Corp. of Nigeria PLC	10,141,137		344,511
Zenith Bank PLC	6,956,798		1,077,681
TOTAL NIGERIA			1,422,192
Philippines - 1.9%
PNOC Energy Development Corp.	3,048,200		426,800
Common Stocks - continued
	Shares		Value
Philippines - continued
Robinsons Land Corp.	824,600		$ 426,158
Security Bank Corp.	328,888		901,702
TOTAL PHILIPPINES			1,754,660
Russia - 0.9%
Moscow Exchange MICEX-RTS OAO (a)	166,900		265,984
Synergy Co. (a)	36,851		588,007
TOTAL RUSSIA			853,991
Singapore - 0.6%
Goodpack Ltd.	285,000		560,688
South Africa - 3.5%
Adcorp Holdings Ltd.	231,200		722,191
Alexander Forbes Group Holding (a)	442,458		358,984
Astral Foods Ltd.	133,100		1,787,410
Zeder Investments Ltd.	701,210		381,242
TOTAL SOUTH AFRICA			3,249,827
Sri Lanka - 0.6%
John Keells Holdings Ltd.	297,453		540,886
Taiwan - 15.4%
ASPEED Tech, Inc.	59,000		460,411
Chicony Electronics Co. Ltd.	225,120		622,128
China Life Insurance Co. Ltd.	368,000		350,136
Chroma ATE, Inc.	446,000		1,179,182
Cleanaway Co. Ltd.	149,000		863,684
CTCI Corp.	487,000		803,940
Edison Opto Corp.	360,000		398,135
EPISTAR Corp.	329,000		714,570
Everlight Electronics Co. Ltd.	201,000		452,360
Formosa Optical Technology Co. Ltd.	205,000		656,668
GeoVision, Inc.	91,300		367,920
Kd Holding Corp.	139,000		805,553
King Slide Works Co. Ltd.	38,000		501,690
Lextar Electronics Corp.	418,000		410,868
MJC Probe, Inc.	284,000		886,689
Pacific Hospital Supply Co. Ltd.	327,700		802,144
President Chain Store Corp.	127,000		1,007,854
St.Shine Optical Co. Ltd.	25,000		518,917
Common Stocks - continued
	Shares		Value
Taiwan - continued
Unified-President Enterprises Corp.	964,803		$ 1,832,224
Wowprime Corp.	46,865		645,106
TOTAL TAIWAN			14,280,179
Thailand - 1.9%
Hemaraj Land & Development PCL	3,347,400		380,847
SPCG Public Co. Ltd. (a)	337,500		259,506
Thai Union Frozen Products PCL (For. Reg.)	241,800		490,698
The Erawan Group PLC	4,375,500		625,962
TOTAL THAILAND			1,757,013
Turkey - 1.2%
Aygaz A/S	70,000		300,541
Enka Insaat ve Sanayi A/S	305,688		798,886
TOTAL TURKEY			1,099,427
Vietnam - 0.2%
FTP Corp.	67,000		159,467
TOTAL COMMON STOCKS (Cost $81,670,827)		88,007,622
Nonconvertible Preferred Stocks - 2.2%

Brazil - 1.3%
Banco do Estado Rio Grande do Sul SA	91,900		467,449
Bradespar SA (PN)	74,700		757,289
TOTAL BRAZIL			1,224,738
Korea (South) - 0.9%
Samsung Fire & Marine Insurance Co. Ltd.	4,429		813,846
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $1,856,247)		2,038,584
Money Market Funds - 3.4%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	2,629,206		$ 2,629,206
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	513,150		513,150
TOTAL MONEY MARKET FUNDS (Cost $3,142,356)		3,142,356
TOTAL INVESTMENT PORTFOLIO - 100.8% (Cost $86,669,430)			93,188,562
NET OTHER ASSETS (LIABILITIES) - (0.8)%			(698,617)
NET ASSETS - 100%		$ 92,489,945

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	$ 1,351
Fidelity Securities Lending Cash Central Fund	20,893
Total	$ 22,244

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	$ 16,922,347	$ 1,859,404	$ 15,033,192	$ 29,751
Consumer Staples	13,333,494	5,019,017	8,314,477	-
Energy	912,996	-	912,996	-
Financials	16,637,656	5,147,392	11,490,264	-
Health Care	5,732,050	925,944	4,806,106	-
Industrials	16,501,208	5,048,716	11,452,492	-
Information Technology	11,807,774	1,043,571	10,764,203	-
Materials	4,687,914	757,289	3,930,625	-
Telecommunication Services	988,039	988,039	-	-
Utilities	2,522,728	1,505,586	1,017,142	-
Money Market Funds	3,142,356	3,142,356	-	-
Total Investments in Securities:	$ 93,188,562	$ 25,437,314	$ 67,721,497	$ 29,751

Transfers	Total
Level 1 to Level 2	$ 36,244,355
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $87,071,493. Net unrealized appreciation aggregated $6,117,069, of which $11,038,106 related to appreciated investment securities and $4,921,037 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Markets Discovery Fund

July 31, 2014

1.931230.102

EMD-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
Argentina - 0.3%
Inversiones y Representaciones SA sponsored GDR	19,200		$ 304,128
Bermuda - 5.3%
Man Wah Holdings Ltd.	264,400		390,554
Texwinca Holdings Ltd.	1,286,000		1,207,477
Vtech Holdings Ltd.	49,000		606,399
Wilson Sons Ltd. unit	52,955		823,472
Yue Yuen Industrial (Holdings) Ltd.	557,000		1,861,405
TOTAL BERMUDA			4,889,307
Brazil - 1.5%
BHG SA (Brazil Hospitality Group) (a)	80,400		482,311
Fleury SA	140,800		925,944
TOTAL BRAZIL			1,408,255
Cayman Islands - 7.5%
51job, Inc. sponsored ADR (a)(d)	10,000		755,600
Ginko International Co. Ltd.	33,000		475,295
Goodbaby International Holdings Ltd.	956,000		479,155
Gourmet Master Co. Ltd.	173,000		1,461,229
Greatview Aseptic Pack Co. Ltd.	1,284,000		999,509
Hilong Holding Ltd.	629,000		352,708
Lifestyle International Holdings Ltd.	260,500		508,154
Samson Holding Ltd.	6,410,000		818,449
Silergy Corp.	57,520		477,412
Tao Heung Holdings Ltd.	950,000		567,269
TOTAL CAYMAN ISLANDS			6,894,780
Chile - 5.6%
Aguas Andinas SA	1,151,220		728,511
Compania Cervecerias Unidas SA sponsored ADR	64,207		1,448,510
Embotelladora Andina SA sponsored ADR	33,653		720,174
Inversiones La Construccion SA	69,373		833,160
Quinenco SA	671,030		1,407,681
TOTAL CHILE			5,138,036
China - 2.3%
BBMG Corp. (H Shares)	729,500		568,181
China Suntien Green Energy Corp. Ltd. (H Shares)	1,806,000		560,288
Shandong Weigao Medical Polymer Co. Ltd. (H Shares)	484,000		496,459
Tong Ren Tang Technologies Co. Ltd. (H Shares)	344,000		488,477
TOTAL CHINA			2,113,405
Common Stocks - continued
	Shares		Value
Egypt - 0.5%
Citadel Capital Corp. (a)	700,700		$ 422,377
Greece - 0.5%
Public Power Corp. of Greece	32,500		476,534
Hong Kong - 1.7%
China Power International Development Ltd.	789,000		330,836
Far East Horizon Ltd.	983,000		753,783
Techtronic Industries Co. Ltd.	167,500		502,045
TOTAL HONG KONG			1,586,664
India - 19.4%
Bata India Ltd. (a)	35,849		735,790
CMC Ltd.	28,602		908,389
Container Corp. of India Ltd.	69,390		1,569,374
Credit Analysis & Research Ltd. (a)	16,798		332,157
Exide Industries Ltd.	374,877		1,013,267
Grasim Industries Ltd.	16,567		959,144
Havells India Ltd.	48,587		956,952
Hindalco Industries Ltd.	268,596		843,103
IDFC Ltd.	285,581		712,328
Iifl Holdings Ltd.	212,289		459,237
Indian Hotels Co. Ltd.	571,928		887,105
Indian Hotels Co. Ltd. rights 8/20/14 (a)	128,683		29,751
Ipca Laboratories Ltd.	48,250		565,672
KPIT Cummins Infosystems Ltd.	232,594		592,887
Lupin Ltd.	44,699		944,816
Mahindra Lifespace Developers Ltd.	34,935		341,947
Punjab National Bank	62,424		998,786
Shriram Transport Finance Co. Ltd.	59,162		872,517
Tech Mahindra Ltd.	23,960		847,550
The Jammu & Kashmir Bank Ltd.	20,552		540,872
Thermax Ltd.	56,221		804,558
Tube Investments of India Ltd.	279,763		1,363,849
Yes Bank Ltd.	80,581		710,400
TOTAL INDIA			17,990,451
Indonesia - 0.8%
PT Hero Supermarket Tbk (a)	2,727,500		695,570
Israel - 1.7%
Bezeq The Israeli Telecommunication Corp. Ltd.	529,000		988,039
NICE Systems Ltd. sponsored ADR	14,000		553,560
TOTAL ISRAEL			1,541,599
Common Stocks - continued
	Shares		Value
Kenya - 0.5%
East African Breweries Ltd.	142,800		$ 474,916
Korea (South) - 15.7%
Binggrea Co. Ltd.	9,267		717,732
Daewoo International Corp.	41,986		1,511,397
Daou Technology, Inc.	33,160		356,670
DGB Financial Group Co. Ltd.	92,812		1,506,454
DuzonBizon Co. Ltd.	54,320		496,065
E-Mart Co. Ltd.	5,069		1,138,056
Hyundai Hy Communications & Networks Co. Ltd.	90,057		408,451
JVM Co. Ltd. (a)	16,062		905,316
KEPCO Plant Service & Engineering Co. Ltd.	24,425		1,757,039
Kiwoom Securities Co. Ltd.	7,292		351,120
Korea Electric Terminal Co. Ltd.	12,350		534,153
Korean Reinsurance Co.	94,884		1,037,974
Leeno Industrial, Inc.	18,759		650,684
LG Household & Health Care Ltd.	3,237		1,503,088
Seoul Semiconductor Co. Ltd.	12,172		335,884
Shinsegae Food Co. Ltd.	10,467		901,257
TK Corp. (a)	29,904		438,836
TOTAL KOREA (SOUTH)			14,550,176
Luxembourg - 0.4%
Globant SA (a)	29,200		330,544
Malaysia - 1.6%
Oldtown Bhd	1,353,775		929,255
Top Glove Corp. Bhd	355,900		514,326
TOTAL MALAYSIA			1,443,581
Mexico - 2.2%
Banregio Grupo Financiero S.A.B. de CV	55,200		313,037
Consorcio ARA S.A.B. de CV (a)	1,257,200		572,492
Megacable Holdings S.A.B. de CV unit	187,400		804,601
Qualitas Controladora S.A.B. de CV	139,700		378,839
TOTAL MEXICO			2,068,969
Nigeria - 1.5%
Transnational Corp. of Nigeria PLC	10,141,137		344,511
Zenith Bank PLC	6,956,798		1,077,681
TOTAL NIGERIA			1,422,192
Philippines - 1.9%
PNOC Energy Development Corp.	3,048,200		426,800
Common Stocks - continued
	Shares		Value
Philippines - continued
Robinsons Land Corp.	824,600		$ 426,158
Security Bank Corp.	328,888		901,702
TOTAL PHILIPPINES			1,754,660
Russia - 0.9%
Moscow Exchange MICEX-RTS OAO (a)	166,900		265,984
Synergy Co. (a)	36,851		588,007
TOTAL RUSSIA			853,991
Singapore - 0.6%
Goodpack Ltd.	285,000		560,688
South Africa - 3.5%
Adcorp Holdings Ltd.	231,200		722,191
Alexander Forbes Group Holding (a)	442,458		358,984
Astral Foods Ltd.	133,100		1,787,410
Zeder Investments Ltd.	701,210		381,242
TOTAL SOUTH AFRICA			3,249,827
Sri Lanka - 0.6%
John Keells Holdings Ltd.	297,453		540,886
Taiwan - 15.4%
ASPEED Tech, Inc.	59,000		460,411
Chicony Electronics Co. Ltd.	225,120		622,128
China Life Insurance Co. Ltd.	368,000		350,136
Chroma ATE, Inc.	446,000		1,179,182
Cleanaway Co. Ltd.	149,000		863,684
CTCI Corp.	487,000		803,940
Edison Opto Corp.	360,000		398,135
EPISTAR Corp.	329,000		714,570
Everlight Electronics Co. Ltd.	201,000		452,360
Formosa Optical Technology Co. Ltd.	205,000		656,668
GeoVision, Inc.	91,300		367,920
Kd Holding Corp.	139,000		805,553
King Slide Works Co. Ltd.	38,000		501,690
Lextar Electronics Corp.	418,000		410,868
MJC Probe, Inc.	284,000		886,689
Pacific Hospital Supply Co. Ltd.	327,700		802,144
President Chain Store Corp.	127,000		1,007,854
St.Shine Optical Co. Ltd.	25,000		518,917
Common Stocks - continued
	Shares		Value
Taiwan - continued
Unified-President Enterprises Corp.	964,803		$ 1,832,224
Wowprime Corp.	46,865		645,106
TOTAL TAIWAN			14,280,179
Thailand - 1.9%
Hemaraj Land & Development PCL	3,347,400		380,847
SPCG Public Co. Ltd. (a)	337,500		259,506
Thai Union Frozen Products PCL (For. Reg.)	241,800		490,698
The Erawan Group PLC	4,375,500		625,962
TOTAL THAILAND			1,757,013
Turkey - 1.2%
Aygaz A/S	70,000		300,541
Enka Insaat ve Sanayi A/S	305,688		798,886
TOTAL TURKEY			1,099,427
Vietnam - 0.2%
FTP Corp.	67,000		159,467
TOTAL COMMON STOCKS (Cost $81,670,827)		88,007,622
Nonconvertible Preferred Stocks - 2.2%

Brazil - 1.3%
Banco do Estado Rio Grande do Sul SA	91,900		467,449
Bradespar SA (PN)	74,700		757,289
TOTAL BRAZIL			1,224,738
Korea (South) - 0.9%
Samsung Fire & Marine Insurance Co. Ltd.	4,429		813,846
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $1,856,247)		2,038,584
Money Market Funds - 3.4%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	2,629,206		$ 2,629,206
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	513,150		513,150
TOTAL MONEY MARKET FUNDS (Cost $3,142,356)		3,142,356
TOTAL INVESTMENT PORTFOLIO - 100.8% (Cost $86,669,430)			93,188,562
NET OTHER ASSETS (LIABILITIES) - (0.8)%			(698,617)
NET ASSETS - 100%		$ 92,489,945

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	$ 1,351
Fidelity Securities Lending Cash Central Fund	20,893
Total	$ 22,244

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	$ 16,922,347	$ 1,859,404	$ 15,033,192	$ 29,751
Consumer Staples	13,333,494	5,019,017	8,314,477	-
Energy	912,996	-	912,996	-
Financials	16,637,656	5,147,392	11,490,264	-
Health Care	5,732,050	925,944	4,806,106	-
Industrials	16,501,208	5,048,716	11,452,492	-
Information Technology	11,807,774	1,043,571	10,764,203	-
Materials	4,687,914	757,289	3,930,625	-
Telecommunication Services	988,039	988,039	-	-
Utilities	2,522,728	1,505,586	1,017,142	-
Money Market Funds	3,142,356	3,142,356	-	-
Total Investments in Securities:	$ 93,188,562	$ 25,437,314	$ 67,721,497	$ 29,751

Transfers	Total
Level 1 to Level 2	$ 36,244,355
Level 2 to Level 1	$ 0

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Emerging Markets Fund

July 31, 2014

1.804872.110

EMF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.8%
	Shares		Value
Australia - 1.5%
Carsales.com Ltd.	870,390		$ 9,191,389
iProperty Group Ltd. (a)	3,869,862		12,676,323
SEEK Ltd.	764,075		11,549,333
Sydney Airport unit	2,944,745		11,681,443
TOTAL AUSTRALIA			45,098,488
Bermuda - 2.0%
Brilliance China Automotive Holdings Ltd.	8,460,000		15,897,835
China Gas Holdings Ltd.	7,731,000		14,914,891
China Resources Gas Group Ltd.	34,000		106,942
Credicorp Ltd. (United States)	141,632		20,950,205
Vostok Nafta Investment Ltd. SDR (a)	1,018,958		7,459,537
TOTAL BERMUDA			59,329,410
Brazil - 6.5%
BB Seguridade Participacoes SA	1,299,000		18,951,802
CCR SA	2,372,100		18,652,678
Cielo SA	1,193,160		21,825,296
Estacio Participacoes SA	1,117,200		13,861,898
Iguatemi Empresa de Shopping Centers SA	1,092,100		11,673,135
Kroton Educacional SA	596,900		15,896,286
Linx SA	457,500		10,889,256
Localiza Rent A Car SA	739,800		11,778,105
Odontoprev SA	2,700,300		11,080,901
Qualicorp SA (a)	1,246,700		14,424,628
Souza Cruz SA	1,437,767		13,346,280
Ultrapar Participacoes SA	872,800		20,100,848
Weg SA	1,099,295		13,179,427
TOTAL BRAZIL			195,660,540
British Virgin Islands - 0.5%
Mail.Ru Group Ltd. GDR (a)(e)	458,300		13,726,085
Cayman Islands - 7.7%
51job, Inc. sponsored ADR (a)(d)	199,798		15,096,737
Autohome, Inc. ADR Class A (d)	332,600		12,322,830
Baidu.com, Inc. sponsored ADR (a)	79,920		17,266,716
Bitauto Holdings Ltd. ADR (a)	280,235		15,233,575
Cimc Enric Holdings Ltd.	1,396,000		1,662,211
ENN Energy Holdings Ltd.	2,360,000		16,692,762
Greatview Aseptic Pack Co. Ltd.	15,429,000		12,010,453
Haitian International Holdings Ltd.	5,590,000		13,095,255
Melco Crown Entertainment Ltd. sponsored ADR	358,300		11,895,560
MGM China Holdings Ltd.	4,116,200		15,051,496
Sands China Ltd.	2,083,400		15,295,680
SouFun Holdings Ltd. ADR	1,052,600		12,073,322
Tencent Holdings Ltd.	4,528,000		73,533,633
TOTAL CAYMAN ISLANDS			231,230,230

	Shares		Value
China - 1.2%
China Pacific Insurance Group Co. Ltd. (H Shares)	5,527,200		$ 21,709,054
PICC Property & Casualty Co. Ltd. (H Shares)	8,778,700		14,194,656
TOTAL CHINA			35,903,710
Colombia - 0.6%
Grupo de Inversiones Suramerica SA	777,755		17,322,630
Denmark - 0.4%
Novo Nordisk A/S Series B sponsored ADR	275,399		12,682,124
Egypt - 0.3%
Commercial International Bank SAE sponsored GDR	1,406,900		8,230,365
Finland - 0.4%
Kone Oyj (B Shares) (d)	273,940		11,543,805
France - 1.1%
Bureau Veritas SA	442,400		11,403,618
LVMH Moet Hennessy - Louis Vuitton SA	69,835		12,025,715
Safran SA	184,700		10,856,223
TOTAL FRANCE			34,285,556
Greece - 1.0%
Folli Follie SA (a)	286,152		11,993,279
Greek Organization of Football Prognostics SA	798,500		13,033,931
Jumbo SA	408,190		6,121,772
TOTAL GREECE			31,148,982
Hong Kong - 1.5%
AIA Group Ltd.	2,267,000		12,145,227
Beijing Enterprises Holdings Ltd.	1,898,500		16,531,919
Galaxy Entertainment Group Ltd.	1,801,000		15,145,801
TOTAL HONG KONG			43,822,947
India - 10.5%
Adani Ports & Special Economic Zone	636,861		2,721,370
Apollo Hospitals Enterprise Ltd.	560,991		9,350,704
Asian Paints India Ltd.	1,164,966		12,034,469
Axis Bank Ltd.	1,838,360		12,159,957
Colgate-Palmolive (India)	362,571		9,362,925
Exide Industries Ltd.	3,399,183		9,187,762
Grasim Industries Ltd.	196,409		11,371,072
Havells India Ltd.	593,549		11,690,328
HCL Technologies Ltd.	670,187		17,176,647
HDFC Bank Ltd.	1,287,195		18,562,531
Housing Development Finance Corp. Ltd.	1,849,886		32,397,165
ITC Ltd.	4,118,353		24,100,770
Larsen & Toubro Ltd.	645,567		15,885,553
Lupin Ltd.	651,882		13,779,016
Mahindra & Mahindra Ltd.	779,391		15,342,998
Motherson Sumi Systems Ltd.	1,445,161		8,661,325
Sun Pharmaceutical Industries Ltd.	1,574,506		20,459,444
Common Stocks - continued
	Shares		Value
India - continued
Tata Consultancy Services Ltd.	641,519		$ 27,262,688
Tata Motors Ltd.	2,134,323		15,612,664
Titan Co. Ltd.	2,500,039		14,396,052
Zee Entertainment Enterprises Ltd.	2,396,184		11,450,029
TOTAL INDIA			312,965,469
Indonesia - 6.7%
PT ACE Hardware Indonesia Tbk	155,032,300		12,373,803
PT Astra International Tbk	38,317,600		25,302,831
PT Bank Central Asia Tbk	23,713,900		23,731,588
PT Bank Rakyat Indonesia Tbk	24,465,400		23,466,509
PT Global Mediacom Tbk (f)	85,514,800		14,052,038
PT Indocement Tunggal Prakarsa Tbk	7,643,700		16,547,798
PT Jasa Marga Tbk	27,116,800		14,792,600
PT Kalbe Farma Tbk	94,006,400		13,883,280
PT Media Nusantara Citra Tbk (g)	55,624,500		12,341,591
PT Semen Gresik (Persero) Tbk	11,945,100		16,754,548
PT Surya Citra Media Tbk	42,748,000		13,937,029
PT Tower Bersama Infrastructure Tbk	17,044,500		12,123,879
TOTAL INDONESIA			199,307,494
Italy - 0.4%
Prada SpA (d)	1,844,400		13,057,237
Japan - 0.4%
Japan Tobacco, Inc.	334,400		11,760,027
Kenya - 1.2%
East African Breweries Ltd.	3,221,453		10,713,716
Kenya Commercial Bank Ltd.	18,645,400		11,573,739
Safaricom Ltd.	95,701,100		13,297,875
TOTAL KENYA			35,585,330
Korea (South) - 7.3%
Bgf Retail (a)	156,016		9,711,283
Coway Co. Ltd.	190,094		16,383,408
Hyundai Mobis	101,991		30,462,767
KEPCO Plant Service & Engineering Co. Ltd.	149,977		10,788,760
NAVER Corp.	40,288		28,763,318
Samsung Electronics Co. Ltd.	95,142		123,116,173
TOTAL KOREA (SOUTH)			219,225,709
Malaysia - 0.8%
Astro Malaysia Holdings Bhd	12,084,400		12,683,739
Tune Insurance Holdings Bhd	15,704,400		11,430,515
TOTAL MALAYSIA			24,114,254
Malta - 0.5%
Brait SA	1,944,865		13,566,717
Mexico - 5.3%
Banregio Grupo Financiero S.A.B. de CV	2,006,893		11,380,996
Fomento Economico Mexicano S.A.B. de CV unit	2,625,693		24,697,801

	Shares		Value
Grupo Aeroportuario del Pacifico SA de CV Series B	2,032,857		$ 13,653,357
Grupo Aeroportuario del Sureste SA de CV Series B	1,246,900		15,509,851
Grupo Aeroportuario Norte S.A.B. de CV	2,165,900		8,575,129
Grupo Financiero Banorte S.A.B. de CV Series O	3,374,300		22,425,567
Grupo Televisa SA de CV	3,770,957		26,887,323
Megacable Holdings S.A.B. de CV unit	2,773,852		11,909,519
Promotora y Operadora de Infraestructura S.A.B. de CV (a)	1,075,400		13,315,600
Qualitas Controladora S.A.B. de CV	3,813,300		10,340,908
TOTAL MEXICO			158,696,051
Netherlands - 0.9%
Unilever NV (Certificaten Van Aandelen) (Bearer)	294,300		12,112,211
Yandex NV (a)	455,803		13,801,715
TOTAL NETHERLANDS			25,913,926
Nigeria - 1.3%
Dangote Cement PLC	10,206,497		14,499,656
Guaranty Trust Bank PLC GDR (Reg. S)	1,371,977		12,347,793
Nigerian Breweries PLC	10,656,739		11,854,717
TOTAL NIGERIA			38,702,166
Panama - 0.4%
Copa Holdings SA Class A	77,776		11,811,841
Philippines - 3.8%
Alliance Global Group, Inc.	27,682,300		16,575,434
Bank of the Philippine Islands (BPI)	4,830,360		10,488,658
DMCI Holdings, Inc.	7,332,100		12,215,440
GT Capital Holdings, Inc.	695,470		14,158,789
International Container Terminal Services, Inc.	3,996,560		10,339,461
Metropolitan Bank & Trust Co.	6,127,968		12,013,082
Robinsons Retail Holdings, Inc.	7,142,480		10,691,742
SM Investments Corp.	754,952		13,703,083
SM Prime Holdings, Inc.	42,089,300		14,699,708
TOTAL PHILIPPINES			114,885,397
Russia - 2.8%
Magnit OJSC GDR (Reg. S)	391,234		23,082,806
Norilsk Nickel OJSC ADR	928,100		18,237,165
NOVATEK OAO GDR (Reg. S)	169,300		17,581,805
Sberbank (Savings Bank of the Russian Federation) (a)	12,491,200		25,731,444
TOTAL RUSSIA			84,633,220
South Africa - 9.4%
Alexander Forbes Group Holding (a)	14,903,597		12,091,886
Aspen Pharmacare Holdings Ltd.	715,890		19,397,728
Bidvest Group Ltd.	702,939		18,940,610
Clicks Group Ltd.	2,012,057		12,324,154
Coronation Fund Managers Ltd.	1,165,600		10,647,255
Common Stocks - continued
	Shares		Value
South Africa - continued
FirstRand Ltd.	5,044,600		$ 20,346,820
Life Healthcare Group Holdings Ltd.	3,636,864		14,957,167
Mr Price Group Ltd.	849,588		16,083,779
MTN Group Ltd.	1,760,300		36,509,440
Nampak Ltd.	4,149,000		15,786,552
Naspers Ltd. Class N	407,612		50,582,965
Remgro Ltd.	833,100		18,016,186
Sanlam Ltd.	3,035,700		17,297,517
Shoprite Holdings Ltd.	1,215,558		18,363,167
TOTAL SOUTH AFRICA			281,345,226
Spain - 0.4%
Amadeus IT Holding SA Class A	320,500		12,660,383
Sweden - 0.7%
Atlas Copco AB (A Shares)	351,000		10,512,395
Investment AB Kinnevik (B Shares)	239,300		9,956,090
TOTAL SWEDEN			20,468,485
Switzerland - 1.7%
Compagnie Financiere Richemont SA Series A	125,862		12,001,037
Nestle SA	164,483		12,178,333
SGS SA (Reg.)	5,710		12,485,029
Swatch Group AG (Bearer)	24,360		13,051,867
TOTAL SWITZERLAND			49,716,266
Taiwan - 4.6%
Addcn Technology Co. Ltd.	768,000		9,545,741
Delta Electronics, Inc.	2,880,000		19,523,674
Giant Manufacturing Co. Ltd.	1,392,000		11,390,134
Merida Industry Co. Ltd.	1,872,000		14,582,782
Taiwan Semiconductor Manufacturing Co. Ltd.	20,842,000		83,359,936
TOTAL TAIWAN			138,402,267
Thailand - 2.4%
Airports of Thailand PCL (For. Reg.)	2,346,900		15,535,766
Bangkok Dusit Medical Services PCL (For. Reg.)	22,949,000		12,088,649
Bumrungrad Hospital PCL (For. Reg.)	1,800,300		6,726,162
Central Pattana PCL (For. Reg.)	7,279,300		10,727,788
Kasikornbank PCL (For. Reg.)	3,288,100		21,594,120
Minor International PCL (For. Reg.)	6,548,400		6,555,608
TOTAL THAILAND			73,228,093
Turkey - 2.2%
Coca-Cola Icecek Sanayi A/S	551,327		13,829,488

	Shares		Value
Enka Insaat ve Sanayi A/S	4,702,892		$ 12,290,552
TAV Havalimanlari Holding A/S	1,817,000		14,966,422
Tofas Turk Otomobil Fabrikasi A/S	1,920,145		11,918,018
Tupras Turkiye Petrol Rafinelleri A/S	477,000		11,653,421
TOTAL TURKEY			64,657,901
United Arab Emirates - 0.9%
DP World Ltd.	648,319		12,901,548
First Gulf Bank PJSC	3,111,394		15,416,989
TOTAL UNITED ARAB EMIRATES			28,318,537
United Kingdom - 2.8%
Al Noor Hospitals Group PLC	756,857		12,995,243
British American Tobacco PLC (United Kingdom)	195,700		11,464,580
Burberry Group PLC	464,700		11,093,580
Diageo PLC	414,278		12,441,737
Intertek Group PLC	260,718		11,285,964
Prudential PLC	585,147		13,448,940
Rolls-Royce Group PLC	660,845		11,603,328
TOTAL UNITED KINGDOM			84,333,372
United States of America - 3.7%
A.O. Smith Corp.	91,457		4,271,042
Colgate-Palmolive Co.	191,528		12,142,875
Google, Inc. Class C (a)	19,050		10,888,980
Kansas City Southern	104,006		11,342,894
Las Vegas Sands Corp.	162,200		11,978,470
MasterCard, Inc. Class A	176,300		13,072,645
Mead Johnson Nutrition Co. Class A	130,188		11,904,391
Philip Morris International, Inc.	144,787		11,873,982
Tiffany & Co., Inc.	112,900		11,020,169
Visa, Inc. Class A	62,300		13,145,923
TOTAL UNITED STATES OF AMERICA			111,641,371
TOTAL COMMON STOCKS (Cost $2,457,891,318)		2,868,981,611
Nonconvertible Preferred Stocks - 3.3%

Brazil - 2.9%
Ambev SA sponsored ADR (d)	5,226,270		36,009,000
Itau Unibanco Holding SA sponsored ADR	2,645,638		40,742,825
Marcopolo SA (PN)	5,101,800		8,994,909
TOTAL BRAZIL			85,746,734
Colombia - 0.4%
Grupo Aval Acciones y Valores SA	16,577,946		12,278,357
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $101,652,701)		98,025,091
Money Market Funds - 2.9%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	58,157,772		$ 58,157,772
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	29,497,990		29,497,990
TOTAL MONEY MARKET FUNDS (Cost $87,655,762)		87,655,762
TOTAL INVESTMENT PORTFOLIO - 102.0% (Cost $2,647,199,781)			3,054,662,464
NET OTHER ASSETS (LIABILITIES) - (2.0)%			(61,300,683)
NET ASSETS - 100%		$ 2,993,361,781

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.

(g) A portion of the security sold on a delayed delivery 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	$ 18,984
Fidelity Securities Lending Cash Central Fund	187,109
Total	$ 206,093

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	$ 580,519,777	$ 261,355,168	$ 319,164,609	$ -
Consumer Staples	313,965,985	200,142,377	113,823,608	-
Energy	49,336,074	49,336,074	-	-
Financials	615,677,050	348,748,763	266,928,287	-
Health Care	161,825,046	85,537,791	76,287,255	-
Industrials	463,739,020	284,971,064	178,767,956	-
Information Technology	571,056,248	166,906,726	404,149,522	-
Materials	117,241,713	48,523,373	68,718,340	-
Telecommunication Services	61,931,194	49,807,315	12,123,879	-
Utilities	31,714,595	-	31,714,595	-
Money Market Funds	87,655,762	87,655,762	-	-
Total Investments in Securities:	$ 3,054,662,464	$ 1,582,984,413	$ 1,471,678,051	$ -

Transfers	Total
Level 1 to Level 2	$ 765,703,816
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $2,660,553,094. Net unrealized appreciation aggregated $394,109,370, of which $472,180,239 related to appreciated investment securities and $78,070,869 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

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 ® Advisor Europe Fund

Class A
Class T
Class B
Class C
Institutional Class
July 31, 2014

1.9585997.100

AEUF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Austria - 0.5%
Andritz AG	145,700		$ 7,901,533
Bailiwick of Jersey - 0.3%
Petrofac Ltd.	245,500		4,546,820
Belgium - 3.4%
Anheuser-Busch InBev SA NV	247,400		26,702,567
KBC Groupe SA (a)	239,332		13,033,821
UCB SA	106,800		9,816,244
TOTAL BELGIUM			49,552,632
British Virgin Islands - 0.3%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	155,285		4,650,786
Canada - 0.6%
Suncor Energy, Inc.	216,400		8,885,429
Denmark - 2.6%
Coloplast A/S Series B	64,400		5,457,843
Novo Nordisk A/S Series B	580,900		26,740,097
Vestas Wind Systems A/S (a)	143,800		6,505,373
TOTAL DENMARK			38,703,313
Finland - 2.0%
Amer Group PLC (A Shares)	315,100		6,223,536
Kesko Oyj	170,700		6,514,411
Rakentajain Konevuokraamo Oyj (B Shares)	313,190		6,387,113
Sampo Oyj (A Shares)	215,700		10,744,591
TOTAL FINLAND			29,869,651
France - 12.3%
Atos Origin SA	110,343		8,622,970
AXA SA	777,600		17,899,006
BNP Paribas SA	363,916		24,121,435
Bureau Veritas SA	368,800		9,506,452
Christian Dior SA	106,595		18,577,095
Coface SA	284,700		4,201,127
GDF Suez	716,750		18,475,459
Ipsos SA	12,900		349,707
Kering SA	41,700		8,931,350
Legrand SA	187,650		10,403,948
Publicis Groupe SA	139,046		10,119,402
Rexel SA	409,352		7,939,848
Technip SA	65,400		6,038,218
Total SA	569,900		36,755,541
TOTAL FRANCE			181,941,558
Germany - 13.1%
adidas AG	113,000		8,989,485
BASF AG	251,704		26,168,115
Bayer AG	212,400		28,134,255
Beiersdorf AG	86,400		7,813,967
CompuGroup Medical AG	259,600		6,465,683
Continental AG	51,000		11,035,915
Daimler AG (Germany)	234,681		19,445,765

	Shares		Value
Deutsche Boerse AG	150,800		$ 10,952,615
Deutsche Post AG	367,777		11,826,710
Deutsche Wohnen AG (Bearer)	426,889		9,268,911
Fresenius SE & Co. KGaA	61,600		9,230,125
GEA Group AG	173,833		7,831,583
HeidelbergCement Finance AG	124,334		9,261,808
KION Group AG	152,678		5,959,527
Linde AG	77,700		15,908,356
MLP AG	866,000		5,798,087
TOTAL GERMANY			194,090,907
Ireland - 3.2%
Actavis PLC (a)	33,000		7,070,580
CRH PLC	477,500		11,145,099
DCC PLC (United Kingdom)	149,700		8,557,726
Greencore Group PLC	1,417,530		6,325,270
Kingspan Group PLC (United Kingdom)	414,600		7,056,212
Ryanair Holdings PLC sponsored ADR (a)	140,900		7,466,291
TOTAL IRELAND			47,621,178
Israel - 0.9%
Bezeq The Israeli Telecommunication Corp. Ltd.	2,807,300		5,243,331
Teva Pharmaceutical Industries Ltd. sponsored ADR	138,300		7,399,050
TOTAL ISRAEL			12,642,381
Italy - 2.2%
Astaldi SpA (d)	614,200		5,929,825
Banca Popolare dell'Emilia Romagna (a)	499,700		4,248,933
Beni Stabili SpA SIIQ	6,375,400		5,186,215
MARR SpA	267,769		4,442,510
Prada SpA (d)	799,100		5,657,145
World Duty Free SpA (a)	595,748		6,804,691
TOTAL ITALY			32,269,319
Luxembourg - 0.3%
GAGFAH SA (a)	239,500		4,207,616
Netherlands - 2.8%
ING Groep NV (Certificaten Van Aandelen) (a)	1,347,300		17,498,181
Koninklijke Philips Electronics NV	464,400		14,313,071
Royal DSM NV	140,300		9,709,055
TOTAL NETHERLANDS			41,520,307
Norway - 1.5%
DNB ASA	578,600		10,308,557
Telenor ASA	522,800		12,050,509
TOTAL NORWAY			22,359,066
Portugal - 0.3%
CTT Correios de Portugal SA	421,003		4,481,765
South Africa - 0.5%
Naspers Ltd. Class N	52,900		6,564,671
Common Stocks - continued
	Shares		Value
Spain - 3.0%
Criteria CaixaCorp SA	2,235,902		$ 13,469,937
Hispania Activos Inmobiliarios SA (a)	269,020		3,638,335
Inditex SA	498,785		14,596,912
Repsol YPF SA	479,951		11,966,672
TOTAL SPAIN			43,671,856
Sweden - 4.4%
AF AB (B Shares)	331,376		5,560,403
Getinge AB (B Shares)	643,400		15,706,787
Investment AB Kinnevik (B Shares)	166,000		6,906,439
Nordea Bank AB	1,169,800		15,737,068
Svenska Handelsbanken AB (A Shares)	269,100		13,017,696
Swedish Match Co. AB	262,200		8,594,042
TOTAL SWEDEN			65,522,435
Switzerland - 12.2%
Aryzta AG	79,570		7,223,686
Baloise Holdings AG	66,620		8,049,382
Nestle SA	722,251		53,475,513
Partners Group Holding AG	32,121		8,066,038
Roche Holding AG (participation certificate)	172,848		50,161,483
Schindler Holding AG (participation certificate)	63,724		9,543,699
Sonova Holding AG Class B	3,842		598,232
Swatch Group AG (Bearer)	11,370		6,091,943
Syngenta AG (Switzerland)	34,489		12,217,877
UBS AG	247,396		4,250,644
UBS AG (NY Shares)	731,500		12,559,855
Vontobel Holdings AG	200,247		7,183,551
TOTAL SWITZERLAND			179,421,903
United Kingdom - 29.0%
Aberdeen Asset Management PLC	1,907,757		13,327,944
Associated British Foods PLC	189,286		8,877,698
Babcock International Group PLC	565,200		10,477,414
Barclays PLC	6,078,476		23,041,639
BG Group PLC	1,088,700		21,468,359
BHP Billiton PLC	764,676		26,084,649
Brit PLC (a)	1,544,900		6,416,307
British American Tobacco PLC (United Kingdom)	614,400		35,993,041
Bunzl PLC	330,000		8,864,082
Compass Group PLC	820,517		13,402,573
Dechra Pharmaceuticals PLC	515,500		6,040,011
Diageo PLC	625,137		18,774,326
Elementis PLC	997,300		4,546,102
Galliford Try PLC	303,410		6,531,151
GlaxoSmithKline PLC	1,197,141		28,849,607
HSBC Holdings PLC (United Kingdom)	1,276,294		13,683,054
IMI PLC	306,338		7,328,589
ITV PLC	3,571,900		12,585,526
Jazztel PLC (a)	503,700		6,792,008

	Shares		Value
London Stock Exchange Group PLC	290,400		$ 9,501,671
Meggitt PLC	903,764		7,758,819
Mondi PLC	358,400		6,311,055
Next PLC	95,000		10,858,302
Prudential PLC	994,030		22,846,651
Rolls-Royce Group PLC	813,401		14,281,955
Royal & Sun Alliance Insurance Group PLC	1,146,365		8,877,717
Royal Dutch Shell PLC Class B (United Kingdom)	603,222		25,975,830
Schroders PLC	195,100		7,872,357
Smith & Nephew PLC	651,032		11,204,074
Spectris PLC	175,100		5,640,455
St. James's Place Capital PLC	565,900		6,941,046
Tullow Oil PLC	690,400		8,491,413
Vodafone Group PLC	2,682,825		8,934,065
TOTAL UNITED KINGDOM			428,579,490
United States of America - 1.4%
Colgate-Palmolive Co.	99,525		6,309,885
Oracle Corp.	214,600		8,667,694
Philip Morris International, Inc.	77,300		6,339,373
TOTAL UNITED STATES OF AMERICA			21,316,952
TOTAL COMMON STOCKS (Cost $1,268,640,397)		1,430,321,568
Nonconvertible Preferred Stocks - 1.3%

Germany - 1.3%
Volkswagen AG	78,000		18,231,032
United Kingdom - 0.0%
Rolls-Royce Group PLC (C Shares)	269,473,203		454,952
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $16,536,782)		18,685,984
Money Market Funds - 2.5%

Fidelity Cash Central Fund, 0.11% (b)	34,518,360		34,518,360
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	2,117,040		2,117,040
TOTAL MONEY MARKET FUNDS (Cost $36,635,400)		36,635,400
TOTAL INVESTMENT PORTFOLIO - 100.6% (Cost $1,321,812,579)		1,485,642,952
NET OTHER ASSETS (LIABILITIES) - (0.6)%			(8,387,352)
NET ASSETS - 100%		$ 1,477,255,600

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	$ 26,976
Fidelity Securities Lending Cash Central Fund	792,267
Total	$ 819,243

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	$ 178,465,050	$ 172,807,905	$ 5,657,145	$ -
Consumer Staples	197,386,289	62,440,842	134,945,447	-
Energy	124,128,282	39,928,552	84,199,730	-
Financials	342,856,426	261,536,257	81,320,169	-
Health Care	212,874,071	95,918,810	116,955,261	-
Industrials	192,868,041	178,554,970	14,313,071	-
Information Technology	27,581,905	27,581,905	-	-
Materials	121,352,116	71,904,491	49,447,625	-
Telecommunication Services	33,019,913	24,085,848	8,934,065	-
Utilities	18,475,459	18,475,459	-	-
Money Market Funds	36,635,400	36,635,400	-	-
Total Investments in Securities:	$ 1,485,642,952	$ 989,870,439	$ 495,772,513	$ -

Transfers	Total
Level 1 to Level 2	$ 45,264,933
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $1,325,712,072. Net unrealized appreciation aggregated $159,930,880, of which $206,938,301 related to appreciated investment securities and $47,007,421 related to depreciated investment securities.

Investment Valuation

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Europe Fund

July 31, 2014

1.804873.110

EUR-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Austria - 0.5%
Andritz AG	145,700		$ 7,901,533
Bailiwick of Jersey - 0.3%
Petrofac Ltd.	245,500		4,546,820
Belgium - 3.4%
Anheuser-Busch InBev SA NV	247,400		26,702,567
KBC Groupe SA (a)	239,332		13,033,821
UCB SA	106,800		9,816,244
TOTAL BELGIUM			49,552,632
British Virgin Islands - 0.3%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	155,285		4,650,786
Canada - 0.6%
Suncor Energy, Inc.	216,400		8,885,429
Denmark - 2.6%
Coloplast A/S Series B	64,400		5,457,843
Novo Nordisk A/S Series B	580,900		26,740,097
Vestas Wind Systems A/S (a)	143,800		6,505,373
TOTAL DENMARK			38,703,313
Finland - 2.0%
Amer Group PLC (A Shares)	315,100		6,223,536
Kesko Oyj	170,700		6,514,411
Rakentajain Konevuokraamo Oyj (B Shares)	313,190		6,387,113
Sampo Oyj (A Shares)	215,700		10,744,591
TOTAL FINLAND			29,869,651
France - 12.3%
Atos Origin SA	110,343		8,622,970
AXA SA	777,600		17,899,006
BNP Paribas SA	363,916		24,121,435
Bureau Veritas SA	368,800		9,506,452
Christian Dior SA	106,595		18,577,095
Coface SA	284,700		4,201,127
GDF Suez	716,750		18,475,459
Ipsos SA	12,900		349,707
Kering SA	41,700		8,931,350
Legrand SA	187,650		10,403,948
Publicis Groupe SA	139,046		10,119,402
Rexel SA	409,352		7,939,848
Technip SA	65,400		6,038,218
Total SA	569,900		36,755,541
TOTAL FRANCE			181,941,558
Germany - 13.1%
adidas AG	113,000		8,989,485
BASF AG	251,704		26,168,115
Bayer AG	212,400		28,134,255
Beiersdorf AG	86,400		7,813,967
CompuGroup Medical AG	259,600		6,465,683
Continental AG	51,000		11,035,915
Daimler AG (Germany)	234,681		19,445,765

	Shares		Value
Deutsche Boerse AG	150,800		$ 10,952,615
Deutsche Post AG	367,777		11,826,710
Deutsche Wohnen AG (Bearer)	426,889		9,268,911
Fresenius SE & Co. KGaA	61,600		9,230,125
GEA Group AG	173,833		7,831,583
HeidelbergCement Finance AG	124,334		9,261,808
KION Group AG	152,678		5,959,527
Linde AG	77,700		15,908,356
MLP AG	866,000		5,798,087
TOTAL GERMANY			194,090,907
Ireland - 3.2%
Actavis PLC (a)	33,000		7,070,580
CRH PLC	477,500		11,145,099
DCC PLC (United Kingdom)	149,700		8,557,726
Greencore Group PLC	1,417,530		6,325,270
Kingspan Group PLC (United Kingdom)	414,600		7,056,212
Ryanair Holdings PLC sponsored ADR (a)	140,900		7,466,291
TOTAL IRELAND			47,621,178
Israel - 0.9%
Bezeq The Israeli Telecommunication Corp. Ltd.	2,807,300		5,243,331
Teva Pharmaceutical Industries Ltd. sponsored ADR	138,300		7,399,050
TOTAL ISRAEL			12,642,381
Italy - 2.2%
Astaldi SpA (d)	614,200		5,929,825
Banca Popolare dell'Emilia Romagna (a)	499,700		4,248,933
Beni Stabili SpA SIIQ	6,375,400		5,186,215
MARR SpA	267,769		4,442,510
Prada SpA (d)	799,100		5,657,145
World Duty Free SpA (a)	595,748		6,804,691
TOTAL ITALY			32,269,319
Luxembourg - 0.3%
GAGFAH SA (a)	239,500		4,207,616
Netherlands - 2.8%
ING Groep NV (Certificaten Van Aandelen) (a)	1,347,300		17,498,181
Koninklijke Philips Electronics NV	464,400		14,313,071
Royal DSM NV	140,300		9,709,055
TOTAL NETHERLANDS			41,520,307
Norway - 1.5%
DNB ASA	578,600		10,308,557
Telenor ASA	522,800		12,050,509
TOTAL NORWAY			22,359,066
Portugal - 0.3%
CTT Correios de Portugal SA	421,003		4,481,765
South Africa - 0.5%
Naspers Ltd. Class N	52,900		6,564,671
Common Stocks - continued
	Shares		Value
Spain - 3.0%
Criteria CaixaCorp SA	2,235,902		$ 13,469,937
Hispania Activos Inmobiliarios SA (a)	269,020		3,638,335
Inditex SA	498,785		14,596,912
Repsol YPF SA	479,951		11,966,672
TOTAL SPAIN			43,671,856
Sweden - 4.4%
AF AB (B Shares)	331,376		5,560,403
Getinge AB (B Shares)	643,400		15,706,787
Investment AB Kinnevik (B Shares)	166,000		6,906,439
Nordea Bank AB	1,169,800		15,737,068
Svenska Handelsbanken AB (A Shares)	269,100		13,017,696
Swedish Match Co. AB	262,200		8,594,042
TOTAL SWEDEN			65,522,435
Switzerland - 12.2%
Aryzta AG	79,570		7,223,686
Baloise Holdings AG	66,620		8,049,382
Nestle SA	722,251		53,475,513
Partners Group Holding AG	32,121		8,066,038
Roche Holding AG (participation certificate)	172,848		50,161,483
Schindler Holding AG (participation certificate)	63,724		9,543,699
Sonova Holding AG Class B	3,842		598,232
Swatch Group AG (Bearer)	11,370		6,091,943
Syngenta AG (Switzerland)	34,489		12,217,877
UBS AG	247,396		4,250,644
UBS AG (NY Shares)	731,500		12,559,855
Vontobel Holdings AG	200,247		7,183,551
TOTAL SWITZERLAND			179,421,903
United Kingdom - 29.0%
Aberdeen Asset Management PLC	1,907,757		13,327,944
Associated British Foods PLC	189,286		8,877,698
Babcock International Group PLC	565,200		10,477,414
Barclays PLC	6,078,476		23,041,639
BG Group PLC	1,088,700		21,468,359
BHP Billiton PLC	764,676		26,084,649
Brit PLC (a)	1,544,900		6,416,307
British American Tobacco PLC (United Kingdom)	614,400		35,993,041
Bunzl PLC	330,000		8,864,082
Compass Group PLC	820,517		13,402,573
Dechra Pharmaceuticals PLC	515,500		6,040,011
Diageo PLC	625,137		18,774,326
Elementis PLC	997,300		4,546,102
Galliford Try PLC	303,410		6,531,151
GlaxoSmithKline PLC	1,197,141		28,849,607
HSBC Holdings PLC (United Kingdom)	1,276,294		13,683,054
IMI PLC	306,338		7,328,589
ITV PLC	3,571,900		12,585,526
Jazztel PLC (a)	503,700		6,792,008

	Shares		Value
London Stock Exchange Group PLC	290,400		$ 9,501,671
Meggitt PLC	903,764		7,758,819
Mondi PLC	358,400		6,311,055
Next PLC	95,000		10,858,302
Prudential PLC	994,030		22,846,651
Rolls-Royce Group PLC	813,401		14,281,955
Royal & Sun Alliance Insurance Group PLC	1,146,365		8,877,717
Royal Dutch Shell PLC Class B (United Kingdom)	603,222		25,975,830
Schroders PLC	195,100		7,872,357
Smith & Nephew PLC	651,032		11,204,074
Spectris PLC	175,100		5,640,455
St. James's Place Capital PLC	565,900		6,941,046
Tullow Oil PLC	690,400		8,491,413
Vodafone Group PLC	2,682,825		8,934,065
TOTAL UNITED KINGDOM			428,579,490
United States of America - 1.4%
Colgate-Palmolive Co.	99,525		6,309,885
Oracle Corp.	214,600		8,667,694
Philip Morris International, Inc.	77,300		6,339,373
TOTAL UNITED STATES OF AMERICA			21,316,952
TOTAL COMMON STOCKS (Cost $1,268,640,397)		1,430,321,568
Nonconvertible Preferred Stocks - 1.3%

Germany - 1.3%
Volkswagen AG	78,000		18,231,032
United Kingdom - 0.0%
Rolls-Royce Group PLC (C Shares)	269,473,203		454,952
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $16,536,782)		18,685,984
Money Market Funds - 2.5%

Fidelity Cash Central Fund, 0.11% (b)	34,518,360		34,518,360
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	2,117,040		2,117,040
TOTAL MONEY MARKET FUNDS (Cost $36,635,400)		36,635,400
TOTAL INVESTMENT PORTFOLIO - 100.6% (Cost $1,321,812,579)		1,485,642,952
NET OTHER ASSETS (LIABILITIES) - (0.6)%			(8,387,352)
NET ASSETS - 100%		$ 1,477,255,600

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	$ 26,976
Fidelity Securities Lending Cash Central Fund	792,267
Total	$ 819,243

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	$ 178,465,050	$ 172,807,905	$ 5,657,145	$ -
Consumer Staples	197,386,289	62,440,842	134,945,447	-
Energy	124,128,282	39,928,552	84,199,730	-
Financials	342,856,426	261,536,257	81,320,169	-
Health Care	212,874,071	95,918,810	116,955,261	-
Industrials	192,868,041	178,554,970	14,313,071	-
Information Technology	27,581,905	27,581,905	-	-
Materials	121,352,116	71,904,491	49,447,625	-
Telecommunication Services	33,019,913	24,085,848	8,934,065	-
Utilities	18,475,459	18,475,459	-	-
Money Market Funds	36,635,400	36,635,400	-	-
Total Investments in Securities:	$ 1,485,642,952	$ 989,870,439	$ 495,772,513	$ -

Transfers	Total
Level 1 to Level 2	$ 45,264,933
Level 2 to Level 1	$ 0

Income Tax Information

Investment Valuation

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 Advisor®
Global Commodity Stock
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity ®
Global Commodity Stock Fund

1.879401.105

AGCS-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value
CHEMICALS - 24.8%
Commodity Chemicals - 0.6%
Axiall Corp.	15,600		$ 668,148
Cabot Corp.	7,000		366,730
Methanex Corp.	15,100		982,708
Westlake Chem Partners LP (a)	700		21,245
Westlake Chemical Corp.	1,300		113,607
			2,152,438
Diversified Chemicals - 0.6%
Eastman Chemical Co.	5,100		401,778
FMC Corp.	11,500		750,030
Huntsman Corp.	44,500		1,159,225
			2,311,033
Fertilizers & Agricultural Chemicals - 23.5%
Agrium, Inc.	84,100		7,666,841
CF Industries Holdings, Inc.	40,072		10,031,624
China BlueChemical Ltd. (H Shares)	906,000		466,637
Intrepid Potash, Inc. (a)(d)	205,400		3,041,974
Israel Corp. Ltd. (Class A) (a)	1,300		769,136
K&S AG	31,500		969,931
Monsanto Co.	230,900		26,112,481
Potash Corp. of Saskatchewan, Inc. (d)	480,100		17,044,684
Syngenta AG (Switzerland)	39,387		13,953,015
The Mosaic Co.	159,759		7,366,487
Uralkali OJSC GDR (Reg. S)	96,100		1,845,120
Yara International ASA	41,600		1,906,505
			91,174,435
Specialty Chemicals - 0.1%
Ashland, Inc.	1,100		115,115
W.R. Grace & Co. (a)	4,300		391,300
			506,415
TOTAL CHEMICALS			96,144,321
CONSTRUCTION & ENGINEERING - 0.2%
Construction & Engineering - 0.2%
Chiyoda Corp. (a)	49,000		580,162
Jacobs Engineering Group, Inc. (a)	2,200		111,782
			691,944
Common Stocks - continued
	Shares		Value
CONSTRUCTION MATERIALS - 0.1%
Construction Materials - 0.1%
Grasim Industries Ltd.	3,600		$ 208,422
CONTAINERS & PACKAGING - 0.9%
Paper Packaging - 0.9%
Rock-Tenn Co. Class A	33,900		3,370,677
ELECTRICAL EQUIPMENT - 0.1%
Heavy Electrical Equipment - 0.1%
Vestas Wind Systems A/S (a)	8,600		389,056
ENERGY EQUIPMENT & SERVICES - 1.1%
Oil & Gas Drilling - 0.7%
Noble Corp.	18,300		574,071
Ocean Rig UDW, Inc. (United States)	21,947		383,414
Odfjell Drilling A/S	112,298		577,000
Vantage Drilling Co. (a)	634,982		1,187,416
			2,721,901
Oil & Gas Equipment & Services - 0.4%
Ezion Holdings Ltd.	240,000		411,014
National Oilwell Varco, Inc.	4,400		356,576
Oceaneering International, Inc.	4,900		332,759
SBM Offshore NV (a)	28,000		376,996
			1,477,345
TOTAL ENERGY EQUIPMENT & SERVICES			4,199,246
FOOD & STAPLES RETAILING - 0.2%
Food Distributors - 0.2%
Andersons, Inc.	13,600		734,672
FOOD PRODUCTS - 7.4%
Agricultural Products - 7.4%
Archer Daniels Midland Co.	265,900		12,337,760
Bunge Ltd.	160,100		12,622,284
China Agri-Industries Holdings Ltd.	1,643,300		717,148
First Resources Ltd.	846,000		1,526,404
Golden Agri-Resources Ltd.	2,938,000		1,254,207
			28,457,803
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS - 0.0%
Renewable Electricity - 0.0%
Pattern Energy Group, Inc.	6,300		195,237
Common Stocks - continued
	Shares		Value
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS - 0.2%
Independent Power Producers & Energy Traders - 0.2%
Dynegy, Inc. (a)	30,200		$ 801,810
MACHINERY - 0.5%
Construction Machinery & Heavy Trucks - 0.3%
Caterpillar, Inc.	3,700		372,775
Manitowoc Co., Inc.	12,000		318,720
Samsung Heavy Industries Co. Ltd.	21,000		564,015
			1,255,510
Industrial Machinery - 0.2%
Valmont Industries, Inc.	5,000		728,150
TOTAL MACHINERY			1,983,660
METALS & MINING - 30.3%
Aluminum - 0.3%
Alcoa, Inc.	23,500		385,165
Constellium NV (a)	25,500		738,990
			1,124,155
Diversified Metals & Mining - 19.1%
Anglo American PLC (United Kingdom)	217,051		5,829,118
Antofagasta PLC	27,700		379,038
BHP Billiton PLC	799,864		27,284,983
Copper Mountain Mining Corp. (a)	43,831		110,547
First Quantum Minerals Ltd.	110,324		2,616,571
Freeport-McMoRan Copper & Gold, Inc.	165,900		6,174,798
Glencore Xstrata PLC	1,558,150		9,471,564
Grupo Mexico SA de CV Series B	558,211		1,983,296
Iluka Resources Ltd.	14,400		116,665
Ivanhoe Mines Ltd. (a)	709,500		982,570
Ivanhoe Mines Ltd. Class A Class A warrants 12/10/15 (a)(e)	422,500		85,248
Mitsubishi Materials Corp.	170,000		617,990
Norilsk Nickel OJSC sponsored ADR	81,900		1,591,317
Rio Tinto PLC	258,787		14,790,727
Teck Resources Ltd. Class B (sub. vtg.)	74,800		1,792,566
			73,826,998
Gold - 6.1%
Agnico Eagle Mines Ltd. (Canada)	27,600		1,026,188
AngloGold Ashanti Ltd. sponsored ADR (a)	61,300		1,053,747
Argonaut Gold, Inc. (a)	175,700		641,341
B2Gold Corp. (a)	944,180		2,441,957
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Gold - continued
Barrick Gold Corp.	136,500		$ 2,466,226
Compania de Minas Buenaventura SA sponsored ADR	32,800		384,088
Continental Gold Ltd. (a)	50,800		179,840
Eldorado Gold Corp.	211,150		1,566,656
Franco-Nevada Corp.	23,700		1,340,902
Gold Fields Ltd. sponsored ADR	62,900		247,826
Goldcorp, Inc.	127,510		3,491,951
Kinross Gold Corp. (a)	156,705		626,619
New Gold, Inc. (a)	75,500		464,626
Newcrest Mining Ltd. (a)	140,324		1,401,817
Newmont Mining Corp.	79,300		1,975,363
Premier Gold Mines Ltd. (a)	286,400		772,244
Pretium Resources, Inc. (a)	57,400		392,722
Randgold Resources Ltd. sponsored ADR	18,900		1,628,046
Royal Gold, Inc.	1,400		105,798
Torex Gold Resources, Inc. (a)	290,500		404,971
Yamana Gold, Inc.	127,700		1,089,201
			23,702,129
Precious Metals & Minerals - 0.4%
Aquarius Platinum Ltd. (United Kingdom) (a)	950,500		389,147
Fresnillo PLC	34,100		535,986
Impala Platinum Holdings Ltd. (a)	35,700		354,004
Tahoe Resources, Inc. (a)	14,653		388,247
			1,667,384
Silver - 0.5%
Silver Wheaton Corp.	77,500		2,024,304
Steel - 3.9%
African Minerals Ltd. (a)(d)	340,400		400,851
ArcelorMittal SA Class A unit (d)	160,500		2,441,205
Fortescue Metals Group Ltd.	309,596		1,387,993
Hitachi Metals Ltd.	28,000		455,318
Hyundai Steel Co.	7,527		573,353
JFE Holdings, Inc.	81,800		1,726,476
Kumba Iron Ore Ltd.	11,800		412,708
London Mining PLC (a)	722,086		524,212
Maanshan Iron & Steel Ltd. (H Shares) (a)	2,252,000		525,219
Nippon Steel & Sumitomo Metal Corp.	732,000		2,210,393
POSCO	10,252		3,330,955
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Steel - continued
Tata Steel Ltd.	43,917		$ 398,594
Thyssenkrupp AG (a)	16,800		476,129
			14,863,406
TOTAL METALS & MINING			117,208,376
OIL, GAS & CONSUMABLE FUELS - 27.2%
Coal & Consumable Fuels - 2.2%
Cameco Corp.	21,500		433,411
China Shenhua Energy Co. Ltd. (H Shares)	183,000		538,097
CONSOL Energy, Inc.	5,400		209,628
Peabody Energy Corp. (d)	457,698		6,943,279
Whitehaven Coal Ltd. (a)(d)	261,400		407,727
			8,532,142
Integrated Oil & Gas - 12.2%
BG Group PLC	197,250		3,889,624
Cenovus Energy, Inc.	36,700		1,127,237
Chevron Corp.	93,900		12,135,636
China Petroleum & Chemical Corp. (H Shares)	1,381,000		1,352,005
Exxon Mobil Corp.	65,661		6,496,499
Gazprom OAO sponsored ADR	136,100		997,613
Hess Corp.	13,500		1,336,230
LUKOIL Oil Co. sponsored ADR (United Kingdom)	6,600		369,930
Occidental Petroleum Corp.	36,900		3,605,499
PetroChina Co. Ltd. (H Shares)	558,000		723,207
PTT PCL (For. Reg.)	42,600		422,114
Royal Dutch Shell PLC Class A (United Kingdom)	79,550		3,270,769
Statoil ASA	22,500		642,928
Suncor Energy, Inc.	110,732		4,546,679
Total SA	100,600		6,488,169
			47,404,139
Oil & Gas Exploration & Production - 12.0%
Anadarko Petroleum Corp.	81,300		8,686,905
Apache Corp.	16,300		1,673,358
Bonanza Creek Energy, Inc. (a)	6,400		358,784
Cabot Oil & Gas Corp.	139,000		4,580,050
Canadian Natural Resources Ltd.	58,800		2,563,181
Chesapeake Energy Corp.	13,000		342,810
Cimarex Energy Co.	6,300		875,826
CNOOC Ltd. sponsored ADR (d)	6,300		1,113,021
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Cobalt International Energy, Inc. (a)	14,300		$ 229,086
Concho Resources, Inc. (a)	5,500		774,400
ConocoPhillips Co.	56,300		4,644,750
Continental Resources, Inc. (a)	2,500		366,950
Denbury Resources, Inc.	22,500		381,375
Devon Energy Corp.	18,600		1,404,300
Encana Corp.	5,400		116,286
EOG Resources, Inc.	38,700		4,235,328
EQT Corp.	7,400		694,268
INPEX Corp.	61,700		914,435
Kosmos Energy Ltd. (a)	36,500		351,495
Marathon Oil Corp.	32,600		1,263,250
Murphy Oil Corp.	9,200		571,596
Noble Energy, Inc.	26,100		1,735,389
NOVATEK OAO GDR (Reg. S)	4,500		467,325
Ophir Energy PLC (a)	174,800		635,972
Pacific Rubiales Energy Corp.	15,474		295,898
Pioneer Natural Resources Co.	6,760		1,497,070
QEP Resources, Inc.	10,500		347,025
Range Resources Corp.	8,400		634,956
SM Energy Co.	10,400		816,816
Southwestern Energy Co. (a)	17,900		726,382
Talisman Energy, Inc.	55,400		579,735
Tullow Oil PLC	89,400		1,099,554
Whiting Petroleum Corp. (a)	5,800		513,242
Woodside Petroleum Ltd.	19,791		776,875
			46,267,693
Oil & Gas Refining & Marketing - 0.5%
Marathon Petroleum Corp.	1,500		125,220
Phillips 66 Co.	4,700		381,217
Valero Energy Corp.	25,100		1,275,080
			1,781,517
Oil & Gas Storage & Transport - 0.3%
Cheniere Energy, Inc. (a)	10,900		771,284
EQT Midstream Partners LP	4,200		363,468
Phillips 66 Partners LP	1,700		108,715
			1,243,467
TOTAL OIL, GAS & CONSUMABLE FUELS			105,228,958
Common Stocks - continued
	Shares		Value
PAPER & FOREST PRODUCTS - 3.9%
Forest Products - 0.3%
Boise Cascade Co. (a)	14,000		$ 394,100
West Fraser Timber Co. Ltd.	16,900		769,866
			1,163,966
Paper Products - 3.6%
Empresas CMPC SA	604,483		1,363,186
International Paper Co.	168,500		8,003,750
Lee & Man Paper Manufacturing Ltd.	727,000		441,022
Mondi PLC	19,900		350,418
Nine Dragons Paper (Holdings) Ltd.	771,000		634,375
Stora Enso Oyj (R Shares)	195,600		1,765,329
UPM-Kymmene Corp.	91,100		1,490,687
			14,048,767
TOTAL PAPER & FOREST PRODUCTS			15,212,733
REAL ESTATE INVESTMENT TRUSTS - 0.1%
Specialized REITs - 0.1%
Potlatch Corp.	9,900		408,870
SPECIALTY RETAIL - 0.3%
Specialty Stores - 0.3%
Tsutsumi Jewelry Co. Ltd.	47,300		1,208,127
TRADING COMPANIES & DISTRIBUTORS - 0.2%
Trading Companies & Distributors - 0.2%
Daewoo International Corp.	12,900		464,370
Finning International, Inc.	14,400		413,900
Titan Machinery, Inc. (a)	1,275		18,692
			896,962
TOTAL COMMON STOCKS (Cost $394,969,069)		377,340,874
Nonconvertible Preferred Stocks - 2.7%

METALS & MINING - 2.0%
Steel - 2.0%
Gerdau SA sponsored (d)	299,000		1,758,120
Vale SA (PN-A) sponsored ADR	474,800		6,077,440
			7,835,560
Nonconvertible Preferred Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - 0.6%
Integrated Oil & Gas - 0.6%
Petroleo Brasileiro SA - Petrobras (PN) sponsored (non-vtg.)	140,300		$ 2,359,846
PAPER & FOREST PRODUCTS - 0.1%
Paper Products - 0.1%
Fibria Celulose SA sponsored ADR (a)(d)	41,000		404,260
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $16,264,508)		10,599,666
Money Market Funds - 7.3%

Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c) (Cost $28,208,530)	28,208,530		28,208,530
TOTAL INVESTMENT PORTFOLIO - 107.5% (Cost $439,442,107)			416,149,070
NET OTHER ASSETS (LIABILITIES) - (7.5)%			(29,040,831)
NET ASSETS - 100%		$ 387,108,239

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	$ 503
Fidelity Securities Lending Cash Central Fund	148,239
Total	$ 148,742

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Common Stocks	$ 377,340,874	$ 274,836,405	$ 102,504,469	$ -
Nonconvertible Preferred Stocks	10,599,666	10,599,666	-	-
Money Market Funds	28,208,530	28,208,530	-	-
Total Investments in Securities:	$ 416,149,070	$ 313,644,601	$ 102,504,469	$ -

Transfers	Total
Level 1 to Level 2	$ 22,506,670
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $444,581,809. Net unrealized depreciation aggregated $28,432,739, of which $29,920,805 related to appreciated investment securities and $58,353,544 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Global Commodity Stock Fund

July 31, 2014

1.879385.105

GCS-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value
CHEMICALS - 24.8%
Commodity Chemicals - 0.6%
Axiall Corp.	15,600		$ 668,148
Cabot Corp.	7,000		366,730
Methanex Corp.	15,100		982,708
Westlake Chem Partners LP (a)	700		21,245
Westlake Chemical Corp.	1,300		113,607
			2,152,438
Diversified Chemicals - 0.6%
Eastman Chemical Co.	5,100		401,778
FMC Corp.	11,500		750,030
Huntsman Corp.	44,500		1,159,225
			2,311,033
Fertilizers & Agricultural Chemicals - 23.5%
Agrium, Inc.	84,100		7,666,841
CF Industries Holdings, Inc.	40,072		10,031,624
China BlueChemical Ltd. (H Shares)	906,000		466,637
Intrepid Potash, Inc. (a)(d)	205,400		3,041,974
Israel Corp. Ltd. (Class A) (a)	1,300		769,136
K&S AG	31,500		969,931
Monsanto Co.	230,900		26,112,481
Potash Corp. of Saskatchewan, Inc. (d)	480,100		17,044,684
Syngenta AG (Switzerland)	39,387		13,953,015
The Mosaic Co.	159,759		7,366,487
Uralkali OJSC GDR (Reg. S)	96,100		1,845,120
Yara International ASA	41,600		1,906,505
			91,174,435
Specialty Chemicals - 0.1%
Ashland, Inc.	1,100		115,115
W.R. Grace & Co. (a)	4,300		391,300
			506,415
TOTAL CHEMICALS			96,144,321
CONSTRUCTION & ENGINEERING - 0.2%
Construction & Engineering - 0.2%
Chiyoda Corp. (a)	49,000		580,162
Jacobs Engineering Group, Inc. (a)	2,200		111,782
			691,944
Common Stocks - continued
	Shares		Value
CONSTRUCTION MATERIALS - 0.1%
Construction Materials - 0.1%
Grasim Industries Ltd.	3,600		$ 208,422
CONTAINERS & PACKAGING - 0.9%
Paper Packaging - 0.9%
Rock-Tenn Co. Class A	33,900		3,370,677
ELECTRICAL EQUIPMENT - 0.1%
Heavy Electrical Equipment - 0.1%
Vestas Wind Systems A/S (a)	8,600		389,056
ENERGY EQUIPMENT & SERVICES - 1.1%
Oil & Gas Drilling - 0.7%
Noble Corp.	18,300		574,071
Ocean Rig UDW, Inc. (United States)	21,947		383,414
Odfjell Drilling A/S	112,298		577,000
Vantage Drilling Co. (a)	634,982		1,187,416
			2,721,901
Oil & Gas Equipment & Services - 0.4%
Ezion Holdings Ltd.	240,000		411,014
National Oilwell Varco, Inc.	4,400		356,576
Oceaneering International, Inc.	4,900		332,759
SBM Offshore NV (a)	28,000		376,996
			1,477,345
TOTAL ENERGY EQUIPMENT & SERVICES			4,199,246
FOOD & STAPLES RETAILING - 0.2%
Food Distributors - 0.2%
Andersons, Inc.	13,600		734,672
FOOD PRODUCTS - 7.4%
Agricultural Products - 7.4%
Archer Daniels Midland Co.	265,900		12,337,760
Bunge Ltd.	160,100		12,622,284
China Agri-Industries Holdings Ltd.	1,643,300		717,148
First Resources Ltd.	846,000		1,526,404
Golden Agri-Resources Ltd.	2,938,000		1,254,207
			28,457,803
INDEPENDENT POWER AND RENEWABLE ELECTRICITY PRODUCERS - 0.0%
Renewable Electricity - 0.0%
Pattern Energy Group, Inc.	6,300		195,237
Common Stocks - continued
	Shares		Value
INDEPENDENT POWER PRODUCERS & ENERGY TRADERS - 0.2%
Independent Power Producers & Energy Traders - 0.2%
Dynegy, Inc. (a)	30,200		$ 801,810
MACHINERY - 0.5%
Construction Machinery & Heavy Trucks - 0.3%
Caterpillar, Inc.	3,700		372,775
Manitowoc Co., Inc.	12,000		318,720
Samsung Heavy Industries Co. Ltd.	21,000		564,015
			1,255,510
Industrial Machinery - 0.2%
Valmont Industries, Inc.	5,000		728,150
TOTAL MACHINERY			1,983,660
METALS & MINING - 30.3%
Aluminum - 0.3%
Alcoa, Inc.	23,500		385,165
Constellium NV (a)	25,500		738,990
			1,124,155
Diversified Metals & Mining - 19.1%
Anglo American PLC (United Kingdom)	217,051		5,829,118
Antofagasta PLC	27,700		379,038
BHP Billiton PLC	799,864		27,284,983
Copper Mountain Mining Corp. (a)	43,831		110,547
First Quantum Minerals Ltd.	110,324		2,616,571
Freeport-McMoRan Copper & Gold, Inc.	165,900		6,174,798
Glencore Xstrata PLC	1,558,150		9,471,564
Grupo Mexico SA de CV Series B	558,211		1,983,296
Iluka Resources Ltd.	14,400		116,665
Ivanhoe Mines Ltd. (a)	709,500		982,570
Ivanhoe Mines Ltd. Class A Class A warrants 12/10/15 (a)(e)	422,500		85,248
Mitsubishi Materials Corp.	170,000		617,990
Norilsk Nickel OJSC sponsored ADR	81,900		1,591,317
Rio Tinto PLC	258,787		14,790,727
Teck Resources Ltd. Class B (sub. vtg.)	74,800		1,792,566
			73,826,998
Gold - 6.1%
Agnico Eagle Mines Ltd. (Canada)	27,600		1,026,188
AngloGold Ashanti Ltd. sponsored ADR (a)	61,300		1,053,747
Argonaut Gold, Inc. (a)	175,700		641,341
B2Gold Corp. (a)	944,180		2,441,957
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Gold - continued
Barrick Gold Corp.	136,500		$ 2,466,226
Compania de Minas Buenaventura SA sponsored ADR	32,800		384,088
Continental Gold Ltd. (a)	50,800		179,840
Eldorado Gold Corp.	211,150		1,566,656
Franco-Nevada Corp.	23,700		1,340,902
Gold Fields Ltd. sponsored ADR	62,900		247,826
Goldcorp, Inc.	127,510		3,491,951
Kinross Gold Corp. (a)	156,705		626,619
New Gold, Inc. (a)	75,500		464,626
Newcrest Mining Ltd. (a)	140,324		1,401,817
Newmont Mining Corp.	79,300		1,975,363
Premier Gold Mines Ltd. (a)	286,400		772,244
Pretium Resources, Inc. (a)	57,400		392,722
Randgold Resources Ltd. sponsored ADR	18,900		1,628,046
Royal Gold, Inc.	1,400		105,798
Torex Gold Resources, Inc. (a)	290,500		404,971
Yamana Gold, Inc.	127,700		1,089,201
			23,702,129
Precious Metals & Minerals - 0.4%
Aquarius Platinum Ltd. (United Kingdom) (a)	950,500		389,147
Fresnillo PLC	34,100		535,986
Impala Platinum Holdings Ltd. (a)	35,700		354,004
Tahoe Resources, Inc. (a)	14,653		388,247
			1,667,384
Silver - 0.5%
Silver Wheaton Corp.	77,500		2,024,304
Steel - 3.9%
African Minerals Ltd. (a)(d)	340,400		400,851
ArcelorMittal SA Class A unit (d)	160,500		2,441,205
Fortescue Metals Group Ltd.	309,596		1,387,993
Hitachi Metals Ltd.	28,000		455,318
Hyundai Steel Co.	7,527		573,353
JFE Holdings, Inc.	81,800		1,726,476
Kumba Iron Ore Ltd.	11,800		412,708
London Mining PLC (a)	722,086		524,212
Maanshan Iron & Steel Ltd. (H Shares) (a)	2,252,000		525,219
Nippon Steel & Sumitomo Metal Corp.	732,000		2,210,393
POSCO	10,252		3,330,955
Common Stocks - continued
	Shares		Value
METALS & MINING - CONTINUED
Steel - continued
Tata Steel Ltd.	43,917		$ 398,594
Thyssenkrupp AG (a)	16,800		476,129
			14,863,406
TOTAL METALS & MINING			117,208,376
OIL, GAS & CONSUMABLE FUELS - 27.2%
Coal & Consumable Fuels - 2.2%
Cameco Corp.	21,500		433,411
China Shenhua Energy Co. Ltd. (H Shares)	183,000		538,097
CONSOL Energy, Inc.	5,400		209,628
Peabody Energy Corp. (d)	457,698		6,943,279
Whitehaven Coal Ltd. (a)(d)	261,400		407,727
			8,532,142
Integrated Oil & Gas - 12.2%
BG Group PLC	197,250		3,889,624
Cenovus Energy, Inc.	36,700		1,127,237
Chevron Corp.	93,900		12,135,636
China Petroleum & Chemical Corp. (H Shares)	1,381,000		1,352,005
Exxon Mobil Corp.	65,661		6,496,499
Gazprom OAO sponsored ADR	136,100		997,613
Hess Corp.	13,500		1,336,230
LUKOIL Oil Co. sponsored ADR (United Kingdom)	6,600		369,930
Occidental Petroleum Corp.	36,900		3,605,499
PetroChina Co. Ltd. (H Shares)	558,000		723,207
PTT PCL (For. Reg.)	42,600		422,114
Royal Dutch Shell PLC Class A (United Kingdom)	79,550		3,270,769
Statoil ASA	22,500		642,928
Suncor Energy, Inc.	110,732		4,546,679
Total SA	100,600		6,488,169
			47,404,139
Oil & Gas Exploration & Production - 12.0%
Anadarko Petroleum Corp.	81,300		8,686,905
Apache Corp.	16,300		1,673,358
Bonanza Creek Energy, Inc. (a)	6,400		358,784
Cabot Oil & Gas Corp.	139,000		4,580,050
Canadian Natural Resources Ltd.	58,800		2,563,181
Chesapeake Energy Corp.	13,000		342,810
Cimarex Energy Co.	6,300		875,826
CNOOC Ltd. sponsored ADR (d)	6,300		1,113,021
Common Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - CONTINUED
Oil & Gas Exploration & Production - continued
Cobalt International Energy, Inc. (a)	14,300		$ 229,086
Concho Resources, Inc. (a)	5,500		774,400
ConocoPhillips Co.	56,300		4,644,750
Continental Resources, Inc. (a)	2,500		366,950
Denbury Resources, Inc.	22,500		381,375
Devon Energy Corp.	18,600		1,404,300
Encana Corp.	5,400		116,286
EOG Resources, Inc.	38,700		4,235,328
EQT Corp.	7,400		694,268
INPEX Corp.	61,700		914,435
Kosmos Energy Ltd. (a)	36,500		351,495
Marathon Oil Corp.	32,600		1,263,250
Murphy Oil Corp.	9,200		571,596
Noble Energy, Inc.	26,100		1,735,389
NOVATEK OAO GDR (Reg. S)	4,500		467,325
Ophir Energy PLC (a)	174,800		635,972
Pacific Rubiales Energy Corp.	15,474		295,898
Pioneer Natural Resources Co.	6,760		1,497,070
QEP Resources, Inc.	10,500		347,025
Range Resources Corp.	8,400		634,956
SM Energy Co.	10,400		816,816
Southwestern Energy Co. (a)	17,900		726,382
Talisman Energy, Inc.	55,400		579,735
Tullow Oil PLC	89,400		1,099,554
Whiting Petroleum Corp. (a)	5,800		513,242
Woodside Petroleum Ltd.	19,791		776,875
			46,267,693
Oil & Gas Refining & Marketing - 0.5%
Marathon Petroleum Corp.	1,500		125,220
Phillips 66 Co.	4,700		381,217
Valero Energy Corp.	25,100		1,275,080
			1,781,517
Oil & Gas Storage & Transport - 0.3%
Cheniere Energy, Inc. (a)	10,900		771,284
EQT Midstream Partners LP	4,200		363,468
Phillips 66 Partners LP	1,700		108,715
			1,243,467
TOTAL OIL, GAS & CONSUMABLE FUELS			105,228,958
Common Stocks - continued
	Shares		Value
PAPER & FOREST PRODUCTS - 3.9%
Forest Products - 0.3%
Boise Cascade Co. (a)	14,000		$ 394,100
West Fraser Timber Co. Ltd.	16,900		769,866
			1,163,966
Paper Products - 3.6%
Empresas CMPC SA	604,483		1,363,186
International Paper Co.	168,500		8,003,750
Lee & Man Paper Manufacturing Ltd.	727,000		441,022
Mondi PLC	19,900		350,418
Nine Dragons Paper (Holdings) Ltd.	771,000		634,375
Stora Enso Oyj (R Shares)	195,600		1,765,329
UPM-Kymmene Corp.	91,100		1,490,687
			14,048,767
TOTAL PAPER & FOREST PRODUCTS			15,212,733
REAL ESTATE INVESTMENT TRUSTS - 0.1%
Specialized REITs - 0.1%
Potlatch Corp.	9,900		408,870
SPECIALTY RETAIL - 0.3%
Specialty Stores - 0.3%
Tsutsumi Jewelry Co. Ltd.	47,300		1,208,127
TRADING COMPANIES & DISTRIBUTORS - 0.2%
Trading Companies & Distributors - 0.2%
Daewoo International Corp.	12,900		464,370
Finning International, Inc.	14,400		413,900
Titan Machinery, Inc. (a)	1,275		18,692
			896,962
TOTAL COMMON STOCKS (Cost $394,969,069)		377,340,874
Nonconvertible Preferred Stocks - 2.7%

METALS & MINING - 2.0%
Steel - 2.0%
Gerdau SA sponsored (d)	299,000		1,758,120
Vale SA (PN-A) sponsored ADR	474,800		6,077,440
			7,835,560
Nonconvertible Preferred Stocks - continued
	Shares		Value
OIL, GAS & CONSUMABLE FUELS - 0.6%
Integrated Oil & Gas - 0.6%
Petroleo Brasileiro SA - Petrobras (PN) sponsored (non-vtg.)	140,300		$ 2,359,846
PAPER & FOREST PRODUCTS - 0.1%
Paper Products - 0.1%
Fibria Celulose SA sponsored ADR (a)(d)	41,000		404,260
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $16,264,508)		10,599,666
Money Market Funds - 7.3%

Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c) (Cost $28,208,530)	28,208,530		28,208,530
TOTAL INVESTMENT PORTFOLIO - 107.5% (Cost $439,442,107)			416,149,070
NET OTHER ASSETS (LIABILITIES) - (7.5)%			(29,040,831)
NET ASSETS - 100%		$ 387,108,239

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	$ 503
Fidelity Securities Lending Cash Central Fund	148,239
Total	$ 148,742

Other Information

Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Common Stocks	$ 377,340,874	$ 274,836,405	$ 102,504,469	$ -
Nonconvertible Preferred Stocks	10,599,666	10,599,666	-	-
Money Market Funds	28,208,530	28,208,530	-	-
Total Investments in Securities:	$ 416,149,070	$ 313,644,601	$ 102,504,469	$ -

Transfers	Total
Level 1 to Level 2	$ 22,506,670
Level 2 to Level 1	$ 0

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Global Equity Income Fund

July 31, 2014

1.938167.102

GED-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares		Value
Australia - 0.9%
Telstra Corp. Ltd.	37,043		$ 187,849
Woodside Petroleum Ltd.	7,569		297,113
TOTAL AUSTRALIA			484,962
Canada - 4.4%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	5,500		150,520
Constellation Software, Inc.	500		118,769
Corus Entertainment, Inc. Class B (non-vtg.)	11,700		258,605
Fairfax Financial Holdings Ltd. (sub. vtg.)	641		301,791
Potash Corp. of Saskatchewan, Inc. (d)	15,800		560,937
PrairieSky Royalty Ltd.	5,000		180,676
Suncor Energy, Inc.	17,700		726,766
TOTAL CANADA			2,298,064
Chile - 0.4%
Quinenco SA	88,781		186,244
Denmark - 0.8%
Spar Nord Bank A/S	14,100		153,200
Vestas Wind Systems A/S (a)	6,000		271,434
TOTAL DENMARK			424,634
France - 2.6%
Bureau Veritas SA	15,200		391,806
Renault SA	2,400		200,440
Total SA	11,700		754,588
TOTAL FRANCE			1,346,834
Germany - 1.0%
AURELIUS AG	6,199		219,140
Siemens AG	2,559		316,027
TOTAL GERMANY			535,167
Greece - 0.4%
Greek Organization of Football Prognostics SA	13,400		218,728
Hong Kong - 1.3%
HKT Trust/HKT Ltd. unit	554,600		655,016
Ireland - 1.8%
Accenture PLC Class A	5,840		462,995
FBD Holdings PLC	6,120		117,188
Greencore Group PLC	74,186		331,031
TOTAL IRELAND			911,214
Common Stocks - continued
	Shares		Value
Israel - 2.4%
Bezeq The Israeli Telecommunication Corp. Ltd.	147,200		$ 274,933
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd.	4,496		223,091
Teva Pharmaceutical Industries Ltd. sponsored ADR	13,650		730,275
TOTAL ISRAEL			1,228,299
Japan - 9.6%
Aozora Bank Ltd.	154,000		523,305
Astellas Pharma, Inc.	51,500		698,371
Daiichikosho Co. Ltd.	7,300		216,546
Fukuda Denshi Co. Ltd.	1,700		96,843
Hoya Corp.	16,200		524,533
Japan Tobacco, Inc.	19,000		668,183
KDDI Corp.	6,100		350,646
Leopalace21 Corp. (a)	34,700		154,479
Monex Group, Inc.	79,200		254,437
NEC Corp.	93,000		359,060
Nippon Telegraph & Telephone Corp.	8,300		551,156
Takata Corp.	4,300		85,542
Tsuruha Holdings, Inc.	4,700		269,802
VT Holdings Co. Ltd.	7,300		39,143
Workman Co. Ltd.	4,400		216,509
TOTAL JAPAN			5,008,555
Kenya - 0.0%
Safaricom Ltd.	21,800		3,029
Korea (South) - 0.2%
Coway Co. Ltd.	1,493		128,675
Luxembourg - 0.3%
Altice S.A.	2,300		131,985
Netherlands - 1.9%
Exact Holdings NV	9,700		403,951
LyondellBasell Industries NV Class A	5,700		605,625
TOTAL NETHERLANDS			1,009,576
Norway - 0.3%
Gjensidige Forsikring ASA	7,100		137,339
Singapore - 1.3%
United Overseas Bank Ltd.	33,819		652,661
South Africa - 2.6%
Astral Foods Ltd.	30,860		414,421
Common Stocks - continued
	Shares		Value
South Africa - continued
Lewis Group Ltd.	88,400		$ 523,574
Reunert Ltd.	70,300		421,485
TOTAL SOUTH AFRICA			1,359,480
Spain - 0.5%
Atresmedia Corporacion de Medios de Comunicacion SA (d)	18,315		269,526
Sweden - 4.4%
Intrum Justitia AB	20,683		634,144
Meda AB (A Shares)	16,700		269,449
Nordea Bank AB	61,600		828,692
Svenska Handelsbanken AB (A Shares)	11,580		560,182
TOTAL SWEDEN			2,292,467
Switzerland - 4.0%
Banque Cantonale Vaudoise (Bearer)	580		309,546
Roche Holding AG (participation certificate)	3,271		949,263
TE Connectivity Ltd.	6,200		383,718
UBS AG	24,626		423,113
TOTAL SWITZERLAND			2,065,640
Taiwan - 1.6%
MediaTek, Inc.	25,000		385,971
Taiwan Semiconductor Manufacturing Co. Ltd.	108,000		431,958
TOTAL TAIWAN			817,929
United Kingdom - 7.3%
British American Tobacco PLC (United Kingdom)	11,400		667,840
Direct Line Insurance Group PLC	76,200		366,648
Dunelm Group PLC	8,900		124,940
Exova Group Ltd. PLC (a)	9,200		35,880
GlaxoSmithKline PLC	31,100		749,471
Hilton Food Group PLC	56,200		449,980
ITV PLC	102,500		361,157
Reckitt Benckiser Group PLC	2,404		212,877
Taylor Wimpey PLC	266,300		500,398
WH Smith PLC	17,752		339,268
TOTAL UNITED KINGDOM			3,808,459
United States of America - 45.2%
AbbVie, Inc.	9,630		504,034
American Tower Corp.	4,960		468,174
Amgen, Inc.	6,620		843,322
Apple, Inc.	13,750		1,314,091
Common Stocks - continued
	Shares		Value
United States of America - continued
ARAMARK Holdings Corp.	9,304		$ 250,836
Bank of America Corp.	40,480		617,320
Capital One Financial Corp.	7,930		630,752
Chevron Corp.	7,065		913,081
CMS Energy Corp.	7,900		228,547
Comcast Corp. Class A	7,600		408,348
Community Trust Bancorp, Inc.	7,898		276,351
ConocoPhillips Co.	3,300		272,250
CVB Financial Corp.	22,310		341,120
Danaher Corp.	5,400		398,952
Darden Restaurants, Inc.	8,720		407,660
Dr. Pepper Snapple Group, Inc.	13,541		795,669
Dun & Bradstreet Corp.	2,750		302,583
Edison International	3,200		175,360
Exxon Mobil Corp.	11,130		1,101,202
FedEx Corp.	2,981		437,849
Freeport-McMoRan Copper & Gold, Inc.	8,400		312,648
GameStop Corp. Class A	6,100		256,017
H&R Block, Inc.	11,310		363,390
IBM Corp.	3,370		645,928
Johnson & Johnson	7,800		780,702
Johnson Controls, Inc.	8,170		385,951
JPMorgan Chase & Co.	19,930		1,149,363
Lakeland Financial Corp.	7,688		279,766
Lorillard, Inc.	4,400		266,112
McGraw Hill Financial, Inc.	4,340		348,155
Merck & Co., Inc.	8,610		488,531
Microsoft Corp.	16,864		727,850
MPLX LP	5,790		328,583
National Penn Bancshares, Inc.	26,670		274,701
Oracle Corp.	18,126		732,109
Philip Morris International, Inc.	6,800		557,668
SunTrust Banks, Inc.	7,500		285,375
The Boeing Co.	3,710		446,981
Time Warner Cable, Inc.	2,180		316,318
U.S. Bancorp	14,880		625,406
United Technologies Corp.	5,220		548,883
Verizon Communications, Inc.	16,190		816,300
Verizon Communications, Inc. CDI	2,557		130,535
VF Corp.	7,920		485,258
W.R. Grace & Co. (a)	2,000		182,000
Common Stocks - continued
	Shares		Value
United States of America - continued
Wells Fargo & Co.	17,157		$ 873,291
Xcel Energy, Inc.	5,600		172,480
TOTAL UNITED STATES OF AMERICA			23,467,802
TOTAL COMMON STOCKS (Cost $44,019,892)		49,442,285
Nonconvertible Preferred Stocks - 0.6%

Germany - 0.6%
Volkswagen AG (Cost $346,635)	1,300		303,851
Money Market Funds - 4.8%

Fidelity Cash Central Fund, 0.11% (b)	1,928,013		1,928,013
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	552,260		552,260
TOTAL MONEY MARKET FUNDS (Cost $2,480,273)		2,480,273
TOTAL INVESTMENT PORTFOLIO - 100.6% (Cost $46,846,800)			52,226,409
NET OTHER ASSETS (LIABILITIES) - (0.6)%			(332,720)
NET ASSETS - 100%		$ 51,893,689

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	$ 1,368
Fidelity Securities Lending Cash Central Fund	11,850
Total	$ 13,218

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	$ 6,792,665	$ 6,106,250	$ 686,415	$ -
Consumer Staples	5,007,194	3,401,369	1,605,825	-
Energy	4,574,259	3,522,558	1,051,701	-
Financials	11,171,495	9,163,500	2,007,995	-
Health Care	6,110,261	3,616,313	2,493,948	-
Industrials	4,392,268	4,076,241	316,027	-
Information Technology	6,490,933	4,789,411	1,701,522	-
Materials	1,661,210	1,661,210	-	-
Telecommunication Services	2,969,464	1,224,797	1,744,667	-
Utilities	576,387	576,387	-	-
Money Market Funds	2,480,273	2,480,273	-	-
Total Investments in Securities:	$ 52,226,409	$ 40,618,309	$ 11,608,100	$ -

Transfers	Total
Level 1 to Level 2	$ 1,711,673
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $46,865,553. Net unrealized appreciation aggregated $5,360,856, of which $6,160,791 related to appreciated investment securities and $799,935 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Capital Appreciation Fund

July 31, 2014

1.804818.110

IVF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.2%
	Shares		Value
Australia - 3.2%
Carsales.com Ltd.	344,350		$ 3,636,364
CSL Ltd.	84,555		5,268,076
DuluxGroup Ltd.	672,158		3,412,333
Flight Centre Travel Group Ltd.	79,580		3,471,690
iProperty Group Ltd. (a)	1,005,803		3,294,661
Ramsay Health Care Ltd.	82,278		3,665,543
realestate.com.au Ltd.	90,988		3,962,785
SEEK Ltd.	222,822		3,368,053
Sydney Airport unit	801,249		3,178,457
TOTAL AUSTRALIA			33,257,962
Bailiwick of Jersey - 1.3%
Delphi Automotive PLC	47,830		3,195,044
Experian PLC	267,068		4,585,561
WPP PLC	277,700		5,528,053
TOTAL BAILIWICK OF JERSEY			13,308,658
Belgium - 1.1%
Anheuser-Busch InBev SA NV	74,559		8,047,359
Arseus NV	63,230		3,410,009
TOTAL BELGIUM			11,457,368
Bermuda - 1.0%
Credicorp Ltd. (United States)	26,160		3,869,587
Invesco Ltd.	84,500		3,179,735
Vostok Nafta Investment Ltd. SDR (a)	484,258		3,545,132
TOTAL BERMUDA			10,594,454
Brazil - 2.3%
BB Seguridade Participacoes SA	235,500		3,435,835
CCR SA	472,400		3,714,652
Cielo SA	205,600		3,760,837
Kroton Educacional SA	116,100		3,091,906
Linx SA	12,700		302,281
Qualicorp SA (a)	262,300		3,034,876
Ultrapar Participacoes SA	163,300		3,760,848
Weg SA	279,300		3,348,522
TOTAL BRAZIL			24,449,757
British Virgin Islands - 0.7%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	125,200		3,749,740
Michael Kors Holdings Ltd. (a)	51,130		4,166,072
TOTAL BRITISH VIRGIN ISLANDS			7,915,812
Canada - 3.7%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	159,800		4,373,304
AutoCanada, Inc.	46,900		3,117,634
Canadian National Railway Co.	89,900		6,009,823
Canadian Pacific Railway Ltd.	24,687		4,694,232
CI Financial Corp. (d)	119,400		3,865,566
Cineplex, Inc.	93,200		3,331,899

	Shares		Value
Constellation Software, Inc.	15,400		$ 3,658,091
Jean Coutu Group, Inc. Class A (sub. vtg.)	177,200		3,508,734
PrairieSky Royalty Ltd. (d)	91,200		3,295,529
Stantec, Inc.	48,400		3,070,860
TOTAL CANADA			38,925,672
Cayman Islands - 2.8%
51job, Inc. sponsored ADR (a)	46,300		3,498,428
Autohome, Inc. ADR Class A (d)	87,470		3,240,764
Baidu.com, Inc. sponsored ADR (a)	16,900		3,651,245
Bitauto Holdings Ltd. ADR (a)	53,627		2,915,164
Melco Crown Entertainment Ltd. sponsored ADR	100,300		3,329,960
Sands China Ltd.	631,400		4,635,544
Tencent Holdings Ltd.	483,000		7,843,804
TOTAL CAYMAN ISLANDS			29,114,909
Denmark - 0.8%
Novo Nordisk A/S Series B sponsored ADR	185,290		8,532,605
Finland - 1.2%
Kone Oyj (B Shares) (d)	97,600		4,112,855
Sampo Oyj (A Shares)	91,900		4,577,783
Sanitec Corp.	359,578		4,144,045
TOTAL FINLAND			12,834,683
France - 5.7%
Air Liquide SA	46,491		5,915,354
Bureau Veritas SA	160,090		4,126,594
Christian Dior SA	28,419		4,952,788
Dassault Systemes SA	53,804		3,612,399
Essilor International SA	49,010		4,788,791
Ingenico SA	34,428		3,491,215
L'Oreal SA	33,100		5,602,371
Legrand SA	74,430		4,126,650
Publicis Groupe SA	66,407		4,832,927
Safran SA	74,600		4,384,809
Schneider Electric SA	68,794		5,823,738
Sodexo SA	40,600		4,050,768
Zodiac Aerospace	132,480		4,146,663
TOTAL FRANCE			59,855,067
Germany - 4.1%
Brenntag AG	27,940		4,498,920
Continental AG	23,800		5,150,093
CTS Eventim AG	123,293		3,617,242
Fresenius SE & Co. KGaA	33,100		4,959,694
Henkel AG & Co. KGaA	52,689		5,028,327
Linde AG	27,200		5,568,948
ProSiebenSat.1 Media AG	97,830		4,121,892
Rational AG	9,000		2,929,105
Common Stocks - continued
	Shares		Value
Germany - continued
Symrise AG	67,600		$ 3,549,281
Wirecard AG	110,500		4,117,127
TOTAL GERMANY			43,540,629
Hong Kong - 1.1%
AIA Group Ltd.	1,275,000		6,830,686
Galaxy Entertainment Group Ltd.	543,000		4,566,446
TOTAL HONG KONG			11,397,132
India - 4.1%
Amara Raja Batteries Ltd.	404,029		3,250,618
Apollo Hospitals Enterprise Ltd.	110,197		1,836,784
Asian Paints India Ltd.	309,604		3,198,308
Axis Bank Ltd.	428,520		2,834,475
Exide Industries Ltd.	1,205,223		3,257,636
GlaxoSmithKline Consumer Healthcare Ltd.	41,526		3,330,364
HDFC Bank Ltd.	271,473		3,914,889
Housing Development Finance Corp. Ltd.	300,695		5,266,090
ITC Ltd.	700,102		4,097,026
Sun Pharmaceutical Industries Ltd.	298,846		3,883,264
Tata Consultancy Services Ltd.	99,786		4,240,614
Titan Co. Ltd.	598,440		3,446,016
TOTAL INDIA			42,556,084
Indonesia - 3.3%
PT ACE Hardware Indonesia Tbk	43,162,900		3,445,019
PT Astra International Tbk	7,034,100		4,644,932
PT Bank Central Asia Tbk	4,293,700		4,296,903
PT Bank Rakyat Indonesia Tbk	4,420,200		4,239,729
PT Global Mediacom Tbk (e)	22,612,000		3,715,669
PT Indocement Tunggal Prakarsa Tbk	1,686,500		3,651,093
PT Media Nusantara Citra Tbk (e)	14,322,300		3,177,736
PT Semen Gresik (Persero) Tbk	2,640,900		3,704,204
PT Surya Citra Media Tbk	10,404,300		3,392,089
TOTAL INDONESIA			34,267,374
Ireland - 1.5%
Accenture PLC Class A	38,408		3,044,986
Actavis PLC (a)	14,765		3,163,549
Jazz Pharmaceuticals PLC (a)	22,500		3,143,925
Kerry Group PLC Class A	53,900		4,005,701
Perrigo Co. PLC	19,478		2,930,465
TOTAL IRELAND			16,288,626
Italy - 1.1%
Azimut Holding SpA	155,100		4,012,506
Luxottica Group SpA	64,430		3,554,548
Prada SpA	518,900		3,673,498
TOTAL ITALY			11,240,552

	Shares		Value
Japan - 8.7%
Astellas Pharma, Inc.	346,600		$ 4,700,106
Daikin Industries Ltd.	59,600		4,093,269
Daito Trust Construction Co. Ltd.	29,500		3,555,519
DENSO Corp.	102,130		4,710,805
Dentsu, Inc.	109,100		4,321,024
Fanuc Corp.	29,030		5,017,264
Fuji Heavy Industries Ltd.	150,600		4,294,705
GMO Internet, Inc.	280,900		3,064,873
Hoya Corp.	115,500		3,739,724
Japan Tobacco, Inc.	155,000		5,450,969
Kansai Paint Co. Ltd.	201,000		3,368,291
Keyence Corp.	10,570		4,604,766
Miraca Holdings, Inc.	71,400		3,304,387
Misumi Group, Inc.	100,200		3,193,343
OBIC Co. Ltd.	107,900		3,830,373
Olympus Corp. (a)	103,270		3,716,047
OMRON Corp.	93,930		4,166,053
Rakuten, Inc.	345,500		4,537,443
SK Kaken Co. Ltd.	43,870		3,701,858
SMC Corp.	15,200		4,196,395
Tsuruha Holdings, Inc.	56,200		3,226,138
Unicharm Corp.	55,600		3,404,540
USS Co. Ltd.	187,800		3,280,779
TOTAL JAPAN			91,478,671
Kenya - 0.7%
Kenya Commercial Bank Ltd.	5,412,900		3,359,944
Safaricom Ltd.	25,915,600		3,601,029
TOTAL KENYA			6,960,973
Korea (South) - 0.5%
Coway Co. Ltd.	17,488		1,507,218
NAVER Corp.	5,955		4,251,528
TOTAL KOREA (SOUTH)			5,758,746
Mexico - 2.4%
Banregio Grupo Financiero S.A.B. de CV	529,300		3,001,635
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	47,610		4,470,103
Grupo Aeroportuario del Pacifico SA de CV Series B	439,800		2,953,846
Grupo Aeroportuario Norte S.A.B. de CV	767,900		3,040,233
Grupo Financiero Banorte S.A.B. de CV Series O	589,900		3,920,470
Grupo Televisa SA de CV (CPO) sponsored ADR	127,700		4,544,843
Megacable Holdings S.A.B. de CV unit	746,300		3,204,235
TOTAL MEXICO			25,135,365
Netherlands - 1.6%
IMCD Group BV	101,900		3,138,332
Common Stocks - continued
	Shares		Value
Netherlands - continued
Unilever NV (Certificaten Van Aandelen) (Bearer)	245,030		$ 10,084,455
Yandex NV (a)	119,300		3,612,404
TOTAL NETHERLANDS			16,835,191
Nigeria - 0.6%
Dangote Cement PLC	2,400,751		3,410,579
Guaranty Trust Bank PLC	18,076,416		3,338,387
TOTAL NIGERIA			6,748,966
Norway - 0.4%
Schibsted ASA (B Shares)	81,530		3,955,658
Philippines - 1.4%
Alliance Global Group, Inc.	7,018,100		4,202,254
GT Capital Holdings, Inc.	171,880		3,499,235
SM Investments Corp.	177,773		3,226,746
SM Prime Holdings, Inc.	9,701,500		3,388,254
TOTAL PHILIPPINES			14,316,489
Russia - 0.4%
Magnit OJSC GDR (Reg. S)	68,605		4,047,695
Singapore - 0.3%
Raffles Medical Group Ltd.	876,000		2,740,535
South Africa - 1.9%
Aspen Pharmacare Holdings Ltd.	124,600		3,376,157
Life Healthcare Group Holdings Ltd.	801,969		3,298,222
Mr Price Group Ltd.	193,600		3,665,094
Naspers Ltd. Class N	52,270		6,486,491
Shoprite Holdings Ltd.	227,220		3,432,563
TOTAL SOUTH AFRICA			20,258,527
Spain - 0.8%
Amadeus IT Holding SA Class A	118,500		4,680,984
Grifols SA ADR	109,960		4,032,233
TOTAL SPAIN			8,713,217
Sweden - 2.3%
ASSA ABLOY AB (B Shares)	85,524		4,215,326
Atlas Copco AB (A Shares)	149,700		4,483,491
Elekta AB (B Shares) (d)	318,000		3,902,279
Hexagon AB (B Shares)	142,230		4,422,652
HEXPOL AB (B Shares)	42,100		3,542,816
Investment AB Kinnevik (B Shares)	84,430		3,512,715
TOTAL SWEDEN			24,079,279
Switzerland - 5.3%
Compagnie Financiere Richemont SA Series A	75,518		7,200,698
DKSH Holding AG	30,233		2,189,085
Geberit AG (Reg.)	11,780		3,961,450
Givaudan SA	2,280		3,740,831
Nestle SA sponsored ADR	223,860		16,599,209

	Shares		Value
Partners Group Holding AG	17,510		$ 4,397,009
Schindler Holding AG (Reg.)	26,570		3,935,430
SGS SA (Reg.)	2,059		4,502,045
Sika AG (Bearer)	969		3,774,702
Swatch Group AG (Bearer)	10,333		5,536,328
TOTAL SWITZERLAND			55,836,787
Taiwan - 0.9%
Addcn Technology Co. Ltd.	78,000		969,489
Taiwan Semiconductor Manufacturing Co. Ltd.	2,120,000		8,479,180
TOTAL TAIWAN			9,448,669
Thailand - 0.7%
Airports of Thailand PCL (For. Reg.)	485,700		3,215,187
Kasikornbank PCL (For. Reg.)	582,900		3,828,111
TOTAL THAILAND			7,043,298
Turkey - 0.5%
Coca-Cola Icecek Sanayi A/S	60,197		1,509,982
TAV Havalimanlari Holding A/S	416,000		3,426,545
TOTAL TURKEY			4,936,527
United Kingdom - 14.6%
Aberdeen Asset Management PLC	537,800		3,757,171
Al Noor Hospitals Group PLC	202,100		3,470,059
Ashtead Group PLC	271,760		4,099,489
Associated British Foods PLC	91,600		4,296,129
Aveva Group PLC	102,860		3,480,117
Berendsen PLC	202,000		3,570,653
British American Tobacco PLC (United Kingdom)	164,467		9,634,875
Bunzl PLC	136,542		3,667,635
Burberry Group PLC	169,200		4,039,238
Capita Group PLC	183,300		3,719,774
Compass Group PLC	325,076		5,309,890
Diageo PLC sponsored ADR	63,164		7,593,576
Diploma PLC	368,293		3,979,450
Elementis PLC	806,600		3,676,814
Filtrona PLC	281,100		3,654,275
Galiform PLC	695,290		3,980,553
Halma PLC	455,500		4,329,586
Intertek Group PLC	98,950		4,283,349
ITV PLC	1,322,046		4,658,205
Johnson Matthey PLC	88,164		4,404,391
London Stock Exchange Group PLC	123,400		4,037,556
Prudential PLC	303,933		6,985,555
Reckitt Benckiser Group PLC	71,930		6,369,498
Rightmove PLC	106,154		4,077,250
Rolls-Royce Group PLC	311,234		5,464,746
Rotork PLC	63,100		2,949,864
SABMiller PLC	107,930		5,900,226
Schroders PLC	101,304		4,087,654
Spirax-Sarco Engineering PLC	75,961		3,493,393
Sports Direct International PLC (a)	388,200		4,378,059
Common Stocks - continued
	Shares		Value
United Kingdom - continued
St. James's Place Capital PLC	322,776		$ 3,959,009
The Restaurant Group PLC	411,885		4,283,574
Whitbread PLC	51,398		3,733,939
Zoopla Property Group PLC	816,843		3,475,272
TOTAL UNITED KINGDOM			152,800,824
United States of America - 16.2%
A.O. Smith Corp.	76,630		3,578,621
Affiliated Managers Group, Inc. (a)	15,900		3,168,075
American Tower Corp.	35,200		3,322,528
AMETEK, Inc.	74,660		3,635,195
Amphenol Corp. Class A	33,496		3,221,310
AutoZone, Inc. (a)	7,150		3,696,765
BorgWarner, Inc.	54,010		3,362,123
Colgate-Palmolive Co.	53,160		3,370,344
Cummins, Inc.	25,400		3,540,506
Danaher Corp.	53,431		3,947,482
Domino's Pizza, Inc.	49,130		3,537,360
Ecolab, Inc.	29,020		3,149,541
Fidelity National Information Services, Inc.	58,330		3,289,812
Fiserv, Inc. (a)	49,755		3,068,391
Gartner, Inc. Class A (a)	48,630		3,327,265
Google, Inc. Class C (a)	6,230		3,561,068
HEICO Corp. Class A	67,117		2,705,486
Home Depot, Inc.	42,000		3,395,700
Honeywell International, Inc.	41,130		3,776,968
International Flavors & Fragrances, Inc.	31,000		3,130,690
Kansas City Southern	28,150		3,070,039
Las Vegas Sands Corp.	48,626		3,591,030
MasterCard, Inc. Class A	52,130		3,865,440
McGraw Hill Financial, Inc.	43,485		3,488,367
McKesson Corp.	16,500		3,165,690
Mead Johnson Nutrition Co. Class A	32,758		2,995,392
Mettler-Toledo International, Inc. (a)	12,700		3,265,678
Moody's Corp.	36,140		3,144,180
NIKE, Inc. Class B	41,430		3,195,496
O'Reilly Automotive, Inc. (a)	20,700		3,105,000
Pall Corp.	43,000		3,331,210
Philip Morris International, Inc.	42,058		3,449,177
PPG Industries, Inc.	18,603		3,690,091
Praxair, Inc.	28,500		3,651,990
priceline.com, Inc. (a)	2,790		3,466,436
ResMed, Inc. (d)	63,700		3,295,838
Rockwell Automation, Inc.	31,884		3,560,167
Roper Industries, Inc.	21,800		3,140,726
Sherwin-Williams Co.	17,360		3,580,153
The Hershey Co.	40,200		3,543,630
The Walt Disney Co.	34,767		2,985,790
Thermo Fisher Scientific, Inc.	25,800		3,134,700

	Shares		Value
Tiffany & Co., Inc.	36,200		$ 3,533,482
TransDigm Group, Inc.	18,900		3,173,688
Union Pacific Corp.	32,300		3,175,413
United Technologies Corp.	37,708		3,964,996
Valspar Corp.	48,300		3,624,915
Verisk Analytics, Inc. (a)	52,500		3,152,100
Visa, Inc. Class A	18,530		3,910,015
W.R. Grace & Co. (a)	40,000		3,640,000
TOTAL UNITED STATES OF AMERICA			169,676,059
TOTAL COMMON STOCKS (Cost $915,091,092)		1,040,308,820
Nonconvertible Preferred Stocks - 0.7%

Germany - 0.7%
FUCHS PETROLUB AG	86,100		3,470,295
Sartorius AG (non-vtg.)	31,044		3,715,895
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $6,840,766)		7,186,190
Money Market Funds - 2.5%

Fidelity Cash Central Fund, 0.11% (b)	10,841,224		10,841,224
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	16,063,321		16,063,321
TOTAL MONEY MARKET FUNDS (Cost $26,904,545)		26,904,545
TOTAL INVESTMENT PORTFOLIO - 102.4% (Cost $948,836,403)			1,074,399,555
NET OTHER ASSETS (LIABILITIES) - (2.4)%			(25,357,383)
NET ASSETS - 100%		$ 1,049,042,172

Legend

(a) Non-income producing

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

(e) 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	$ 4,152
Fidelity Securities Lending Cash Central Fund	266,657
Total	$ 270,809

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	$ 227,005,097	$ 149,881,462	$ 77,123,635	$ -
Consumer Staples	137,371,687	90,095,961	47,275,726	-
Energy	7,056,377	7,056,377	-	-
Financials	125,620,290	76,980,844	48,639,446	-
Health Care	97,735,407	68,620,665	29,114,742	-
Industrials	219,845,444	182,903,858	36,941,586	-
Information Technology	135,909,594	83,788,165	52,121,429	-
Materials	93,350,085	72,313,998	21,036,087	-
Telecommunication Services	3,601,029	3,601,029	-	-
Money Market Funds	26,904,545	26,904,545	-	-
Total Investments in Securities:	$ 1,074,399,555	$ 762,146,904	$ 312,252,651	$ -

Transfers	Total
Level 1 to Level 2	$ 82,875,421
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $951,539,339. Net unrealized appreciation aggregated $122,860,216, of which $142,735,076 related to appreciated investment securities and $19,874,860 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

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 Advisor® International
Discovery Fund:
Class A
Class T
Class B
Class C
Institutional Class
Class Z

July 31, 2014

Class A, Class T, Class B, Class C,
Institutional Class and Class Z
are classes of Fidelity®
International Discovery Fund

1.834739.108

AIGI-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.9%
	Shares		Value (000s)
Australia - 4.2%
Ansell Ltd.	2,499,254		$ 43,876
Asaleo Care Ltd. (a)	23,409,115		38,589
Australia & New Zealand Banking Group Ltd.	6,493,040		202,723
G8 Education Ltd.	5,358,968		24,465
Greencross Ltd.	3,026,020		29,071
Ramsay Health Care Ltd.	1,215,729		54,162
Spotless Group Holdings Ltd.	18,983,369		32,343
Woodside Petroleum Ltd.	1,705,042		66,930
TOTAL AUSTRALIA			492,159
Austria - 0.2%
Andritz AG	455,300		24,692
Bailiwick of Jersey - 1.3%
MySale Group PLC (e)	8,571,600		30,101
Shire PLC	811,600		66,801
Wolseley PLC	1,030,400		53,859
TOTAL BAILIWICK OF JERSEY			150,761
Belgium - 1.8%
Anheuser-Busch InBev SA NV	1,183,927		127,785
Arseus NV	235,000		12,674
KBC Groupe SA (a)	1,328,201		72,333
TOTAL BELGIUM			212,792
Bermuda - 0.8%
BW Offshore Ltd.	8,689,300		11,542
Noble Group Ltd.	22,526,000		25,500
PAX Global Technology Ltd. (a)(e)	67,487,000		51,732
TOTAL BERMUDA			88,774
Canada - 3.9%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,346,700		36,856
Constellation Software, Inc.	266,500		63,304
First Quantum Minerals Ltd.	3,702,200		87,806
Imperial Oil Ltd.	1,205,500		61,859
Potash Corp. of Saskatchewan, Inc.	813,500		28,881
PrairieSky Royalty Ltd.	1,450,800		52,425
Suncor Energy, Inc.	2,297,200		94,324
TransForce, Inc.	1,412,400		35,713
TOTAL CANADA			461,168
Cayman Islands - 0.9%
Cimc Enric Holdings Ltd.	6,204,000		7,387
Common Stocks - continued
	Shares		Value (000s)
Cayman Islands - continued
ENN Energy Holdings Ltd.	3,266,000		$ 23,101
Greatview Aseptic Pack Co. Ltd.	26,392,000		20,544
Sands China Ltd.	4,548,600		33,394
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	841,400		25,924
TOTAL CAYMAN ISLANDS			110,350
Cyprus - 0.0%
SPDI Secure Property Development & Investment PLC (a)	529,830		555
Denmark - 2.3%
ISS Holdings A/S (a)	384,000		12,344
Novo Nordisk A/S Series B	3,046,345		140,230
Pandora A/S	514,000		35,299
Vestas Wind Systems A/S (a)	1,874,500		84,801
TOTAL DENMARK			272,674
Finland - 0.7%
Sampo Oyj (A Shares)	1,739,800		86,664
France - 6.7%
Atos Origin SA	531,441		41,530
AXA SA	1,839,400		42,340
BNP Paribas SA	1,039,745		68,917
Bureau Veritas SA	1,413,000		36,422
GDF Suez	1,284,200		33,102
Havas SA	5,933,668		46,481
Iliad SA	111,859		30,856
Numericable Group SA (a)	835,313		46,195
Rexel SA	3,421,500		66,364
Schneider Electric SA	1,383,800		117,145
SR Teleperformance SA	385,700		26,836
Total SA	3,562,400		229,756
TOTAL FRANCE			785,944
Germany - 8.0%
Aareal Bank AG	1,044,895		44,563
BASF AG	1,265,455		131,562
Bayer AG	1,470,100		194,728
Brenntag AG	477,800		76,936
Continental AG	306,500		66,324
Drillisch AG	2,022,600		76,240
GEA Group AG	1,508,060		67,942
HeidelbergCement Finance AG	494,100		36,806
KION Group AG	1,429,749		55,808
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
LEG Immobilien AG	184,948		$ 12,972
Siemens AG	1,197,644		147,904
Symrise AG	500,800		26,294
TOTAL GERMANY			938,079
Hong Kong - 2.0%
AIA Group Ltd.	22,053,600		118,150
Techtronic Industries Co. Ltd.	39,683,000		118,941
TOTAL HONG KONG			237,091
India - 2.3%
Bharti Infratel Ltd. (a)	5,356,336		22,623
Container Corp. of India Ltd.	470,441		10,640
Housing Development Finance Corp. Ltd.	7,555,494		132,320
Lupin Ltd.	2,035,221		43,019
The Jammu & Kashmir Bank Ltd.	712,706		18,756
Titan Co. Ltd.	2,240,879		12,904
United Spirits Ltd.	123,903		4,811
Yes Bank Ltd.	3,138,775		27,671
TOTAL INDIA			272,744
Indonesia - 0.4%
PT Bank Central Asia Tbk (h)	23,992,200		24,010
PT Bank Rakyat Indonesia Tbk (h)	25,614,000		24,568
TOTAL INDONESIA			48,578
Ireland - 2.8%
Actavis PLC (a)	531,600		113,901
Bank of Ireland (a)	63,590,200		22,262
Glanbia PLC	1,914,500		29,533
James Hardie Industries PLC CDI	6,070,470		75,387
Kerry Group PLC Class A	1,114,800		82,849
United Drug PLC (United Kingdom)	335,400		2,012
TOTAL IRELAND			325,944
Italy - 1.2%
De Longhi SpA	2,375,100		50,568
Telecom Italia SpA (a)(d)	52,912,400		60,971
World Duty Free SpA (a)	2,253,904		25,744
TOTAL ITALY			137,283
Japan - 17.7%
ABC-MART, Inc.	398,400		21,515
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
ACOM Co. Ltd. (a)	7,381,200		$ 29,063
Aozora Bank Ltd.	16,056,000		54,560
Astellas Pharma, Inc.	10,267,800		139,238
Coca-Cola Central Japan Co. Ltd.	1,597,500		42,698
Daikin Industries Ltd.	1,089,400		74,819
Don Quijote Holdings Co. Ltd.	1,454,900		78,614
Hitachi Ltd.	6,659,000		51,613
Hoya Corp.	2,101,900		68,057
Japan Exchange Group, Inc.	2,589,500		58,915
Japan Tobacco, Inc.	3,948,700		138,866
KDDI Corp.	1,626,800		93,513
Keyence Corp.	304,060		132,462
NEC Corp.	26,163,000		101,012
Olympus Corp. (a)	1,501,000		54,012
OMRON Corp.	2,083,000		92,387
ORIX Corp.	9,072,900		146,630
Park24 Co. Ltd.	1,342,800		24,634
Rakuten, Inc.	5,927,100		77,840
Sanix, Inc. (a)(d)	1,201,100		14,195
Santen Pharmaceutical Co. Ltd.	1,166,900		68,790
Seven & i Holdings Co., Ltd.	2,748,600		114,385
Seven Bank Ltd.	17,781,300		71,357
Ship Healthcare Holdings, Inc.	1,076,700		35,177
SoftBank Corp.	2,099,300		150,915
Sundrug Co. Ltd.	636,300		28,567
Takata Corp.	1,179,800		23,470
Toshiba Plant Systems & Services Corp.	2,449,100		38,841
Tsuruha Holdings, Inc.	857,400		49,219
VT Holdings Co. Ltd.	3,205,400		17,187
TOTAL JAPAN			2,092,551
Korea (South) - 0.9%
Hyundai Motor Co.	206,848		48,960
Naturalendo Tech Co. Ltd.	93,259		7,230
NAVER Corp.	65,859		47,020
TOTAL KOREA (SOUTH)			103,210
Luxembourg - 0.4%
Altice S.A.	759,700		43,595
Netherlands - 1.6%
AEGON NV	5,028,800		40,782
AerCap Holdings NV (a)	1,180,100		51,488
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
IMCD Group BV	1,363,486		$ 41,993
Royal DSM NV	778,500		53,874
TOTAL NETHERLANDS			188,137
New Zealand - 0.8%
EBOS Group Ltd.	4,569,842		39,287
Ryman Healthcare Group Ltd.	7,311,565		50,311
TOTAL NEW ZEALAND			89,598
Philippines - 0.6%
Alliance Global Group, Inc.	77,786,166		46,576
SM Investments Corp.	1,524,410		27,669
TOTAL PHILIPPINES			74,245
Portugal - 0.1%
CTT Correios de Portugal SA	609,064		6,484
Espirito Santo Saude SGPS SA	1,982,181		9,993
TOTAL PORTUGAL			16,477
Singapore - 0.2%
Ezion Holdings Ltd.	12,606,000		21,588
South Africa - 0.4%
Naspers Ltd. Class N	369,200		45,816
Spain - 3.0%
Amadeus IT Holding SA Class A	2,349,200		92,798
Atresmedia Corporacion de Medios de Comunicacion SA	1,515,400		22,301
Banco Bilbao Vizcaya Argentaria SA	4,766,424		58,592
Criteria CaixaCorp SA	8,122,210		48,931
Grifols SA ADR	1,796,450		65,876
Inditex SA	2,408,395		70,482
TOTAL SPAIN			358,980
Sweden - 4.1%
ASSA ABLOY AB (B Shares)	2,357,200		116,182
Eniro AB (a)	2,475,513		7,960
H&M Hennes & Mauritz AB (B Shares)	1,057,821		43,382
HEXPOL AB (B Shares)	341,200		28,713
Intrum Justitia AB	1,835,800		56,286
Nordea Bank AB	9,576,600		128,832
Svenska Cellulosa AB (SCA) (B Shares)	1,118,800		27,653
Svenska Handelsbanken AB (A Shares)	1,425,600		68,963
TOTAL SWEDEN			477,971
Common Stocks - continued
	Shares		Value (000s)
Switzerland - 5.2%
Clariant AG (Reg.)	2,358,150		$ 44,062
Compagnie Financiere Richemont SA Series A	530,511		50,585
Lonza Group AG	521,951		58,011
Partners Group Holding AG	230,056		57,770
Roche Holding AG (participation certificate)	926,232		268,793
Schindler Holding AG (participation certificate)	194,920		29,192
Sonova Holding AG Class B	30,597		4,764
UBS AG	6,126,361		105,260
TOTAL SWITZERLAND			618,437
Taiwan - 1.1%
ECLAT Textile Co. Ltd.	2,457,180		27,186
MediaTek, Inc.	4,532,000		69,969
Merida Industry Co. Ltd.	4,758,000		37,065
TOTAL TAIWAN			134,220
Turkey - 0.0%
Logo Yazilim Sanayi Ve Ticar (a)	146,436		1,432
United Kingdom - 14.8%
Aberdeen Asset Management PLC	5,975,132		41,743
Al Noor Hospitals Group PLC	1,829,400		31,411
Anglo American PLC (United Kingdom)	1,316,500		35,356
Associated British Foods PLC	791,000		37,099
B&M European Value Retail S.A.	6,402,976		29,350
BG Group PLC	6,766,700		133,434
BHP Billiton PLC	2,080,582		70,973
British American Tobacco PLC (United Kingdom)	2,261,200		132,467
Bunzl PLC	1,143,100		30,705
Diageo PLC	4,394,219		131,969
Exova Group Ltd. PLC (a)	4,302,877		16,781
Galiform PLC	4,934,200		28,248
Hikma Pharmaceuticals PLC	3,907,835		118,691
ITV PLC	14,738,700		51,932
Jazztel PLC (a)	4,681,964		63,133
Liberty Global PLC:
Class A (a)	677,800		28,196
Class C	677,800		27,105
Lloyds Banking Group PLC (a)	37,539,700		46,800
London Stock Exchange Group PLC	2,683,400		87,799
Meggitt PLC	3,879,958		33,309
Melrose PLC	8,872,333		39,425
Next PLC	781,744		89,352
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Persimmon PLC	1,505,600		$ 31,850
Poundland Group PLC (a)	3,906,035		21,294
Reckitt Benckiser Group PLC	788,600		69,832
Rex Bionics PLC (a)(e)	1,328,936		4,027
Rolls-Royce Group PLC	4,197,715		73,705
Rotork PLC	717,800		33,556
SABMiller PLC	1,107,300		60,533
St. James's Place Capital PLC	5,676,000		69,619
Taylor Wimpey PLC	12,002,700		22,554
The Restaurant Group PLC	1,992,100		20,718
Ultra Electronics Holdings PLC	614,667		18,410
Vodafone Group PLC	2,127,096		7,083
Zoopla Property Group PLC	2,595,500		11,043
TOTAL UNITED KINGDOM			1,749,502
United States of America - 3.5%
Chevron Corp.	560,500		72,439
Google, Inc.:
Class A (a)	90,700		52,565
Class C (a)	90,700		51,844
Las Vegas Sands Corp.	726,600		53,659
McGraw Hill Financial, Inc.	1,415,500		113,551
Visa, Inc. Class A	301,900		63,704
TOTAL UNITED STATES OF AMERICA			407,762
TOTAL COMMON STOCKS (Cost $9,270,670)		11,069,773
Nonconvertible Preferred Stocks - 1.0%

Germany - 1.0%
Volkswagen AG (Cost $113,320)	514,100		120,161

Government Obligations - 0.1%
		Principal Amount (000s) (j)
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.03% to 0.03% 8/21/14 to 10/30/14 (i) (Cost $13,979)		$ 13,980	13,980
Preferred Securities - 0.1%
		Principal Amount (000s) (j)	Value (000s)
Ireland - 0.1%
Baggot Securities Ltd. 10.24% (f)(g) (Cost $14,037)	EUR	9,140	$ 13,794

Money Market Funds - 6.1%
	Shares
Fidelity Cash Central Fund, 0.11% (b)	705,482,425		705,482
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	12,926,000		12,926
TOTAL MONEY MARKET FUNDS (Cost $718,408)		718,408
TOTAL INVESTMENT PORTFOLIO - 101.2% (Cost $10,130,414)			11,936,116
NET OTHER ASSETS (LIABILITIES) - (1.2)%			(145,198)
NET ASSETS - 100%		$ 11,790,918

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) 000s)
Purchased
Equity Index Contracts
3,792 CME Nikkei 225 Index Contracts	Sept. 2014	$ 294,070	$ 5,539

The face value of futures purchased as a percentage of net assets is 2.5%

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

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

(e) Affiliated company

(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) 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 $13,980,000.

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

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	$ 465
Fidelity Securities Lending Cash Central Fund	4,991
Total	$ 5,456

Other Affiliated Issuers

Affiliate (Amount in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
MySale Group PLC	$ -	$ 32,521	$ -	$ -	$ 30,101
PAX Global Technology Ltd.	-	37,251	-	-	51,732
Rex Bionics PLC	-	4,037	-	-	4,027
Total	$ -	$ 73,809	$ -	$ -	$ 85,860

Other Information

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

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,630,793	$ 1,109,252	$ 521,541	$ -
Consumer Staples	1,153,711	344,355	809,356	-
Energy	744,297	292,589	451,708	-
Financials	2,127,971	945,552	1,182,419	-
Health Care	1,682,009	731,610	950,399	-
Industrials	1,614,893	1,164,385	450,508	-
Information Technology	992,472	378,220	614,252	-
Materials	682,251	479,991	202,260	-
Telecommunication Services	505,334	170,229	335,105	-
Utilities	56,203	33,102	23,101	-
Government Obligations	13,980	-	13,980	-
Preferred Securities	13,794	-	13,794	-
Money Market Funds	718,408	718,408	-	-
Total Investments in Securities:	$ 11,936,116	$ 6,367,693	$ 5,568,423	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 5,539	$ 5,539	$ -	$ -

Transfers	Total (000s)
Level 1 to Level 2	$ 1,211,978
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $10,208,285,000. Net unrealized appreciation aggregated $1,727,831,000, of which $1,967,064,000 related to appreciated investment securities and $239,233,000 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:

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. Preferred securities and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Discovery Fund

July 31, 2014

1.804822.110

IGI-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.9%
	Shares		Value (000s)
Australia - 4.2%
Ansell Ltd.	2,499,254		$ 43,876
Asaleo Care Ltd. (a)	23,409,115		38,589
Australia & New Zealand Banking Group Ltd.	6,493,040		202,723
G8 Education Ltd.	5,358,968		24,465
Greencross Ltd.	3,026,020		29,071
Ramsay Health Care Ltd.	1,215,729		54,162
Spotless Group Holdings Ltd.	18,983,369		32,343
Woodside Petroleum Ltd.	1,705,042		66,930
TOTAL AUSTRALIA			492,159
Austria - 0.2%
Andritz AG	455,300		24,692
Bailiwick of Jersey - 1.3%
MySale Group PLC (e)	8,571,600		30,101
Shire PLC	811,600		66,801
Wolseley PLC	1,030,400		53,859
TOTAL BAILIWICK OF JERSEY			150,761
Belgium - 1.8%
Anheuser-Busch InBev SA NV	1,183,927		127,785
Arseus NV	235,000		12,674
KBC Groupe SA (a)	1,328,201		72,333
TOTAL BELGIUM			212,792
Bermuda - 0.8%
BW Offshore Ltd.	8,689,300		11,542
Noble Group Ltd.	22,526,000		25,500
PAX Global Technology Ltd. (a)(e)	67,487,000		51,732
TOTAL BERMUDA			88,774
Canada - 3.9%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	1,346,700		36,856
Constellation Software, Inc.	266,500		63,304
First Quantum Minerals Ltd.	3,702,200		87,806
Imperial Oil Ltd.	1,205,500		61,859
Potash Corp. of Saskatchewan, Inc.	813,500		28,881
PrairieSky Royalty Ltd.	1,450,800		52,425
Suncor Energy, Inc.	2,297,200		94,324
TransForce, Inc.	1,412,400		35,713
TOTAL CANADA			461,168
Cayman Islands - 0.9%
Cimc Enric Holdings Ltd.	6,204,000		7,387
Common Stocks - continued
	Shares		Value (000s)
Cayman Islands - continued
ENN Energy Holdings Ltd.	3,266,000		$ 23,101
Greatview Aseptic Pack Co. Ltd.	26,392,000		20,544
Sands China Ltd.	4,548,600		33,394
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	841,400		25,924
TOTAL CAYMAN ISLANDS			110,350
Cyprus - 0.0%
SPDI Secure Property Development & Investment PLC (a)	529,830		555
Denmark - 2.3%
ISS Holdings A/S (a)	384,000		12,344
Novo Nordisk A/S Series B	3,046,345		140,230
Pandora A/S	514,000		35,299
Vestas Wind Systems A/S (a)	1,874,500		84,801
TOTAL DENMARK			272,674
Finland - 0.7%
Sampo Oyj (A Shares)	1,739,800		86,664
France - 6.7%
Atos Origin SA	531,441		41,530
AXA SA	1,839,400		42,340
BNP Paribas SA	1,039,745		68,917
Bureau Veritas SA	1,413,000		36,422
GDF Suez	1,284,200		33,102
Havas SA	5,933,668		46,481
Iliad SA	111,859		30,856
Numericable Group SA (a)	835,313		46,195
Rexel SA	3,421,500		66,364
Schneider Electric SA	1,383,800		117,145
SR Teleperformance SA	385,700		26,836
Total SA	3,562,400		229,756
TOTAL FRANCE			785,944
Germany - 8.0%
Aareal Bank AG	1,044,895		44,563
BASF AG	1,265,455		131,562
Bayer AG	1,470,100		194,728
Brenntag AG	477,800		76,936
Continental AG	306,500		66,324
Drillisch AG	2,022,600		76,240
GEA Group AG	1,508,060		67,942
HeidelbergCement Finance AG	494,100		36,806
KION Group AG	1,429,749		55,808
Common Stocks - continued
	Shares		Value (000s)
Germany - continued
LEG Immobilien AG	184,948		$ 12,972
Siemens AG	1,197,644		147,904
Symrise AG	500,800		26,294
TOTAL GERMANY			938,079
Hong Kong - 2.0%
AIA Group Ltd.	22,053,600		118,150
Techtronic Industries Co. Ltd.	39,683,000		118,941
TOTAL HONG KONG			237,091
India - 2.3%
Bharti Infratel Ltd. (a)	5,356,336		22,623
Container Corp. of India Ltd.	470,441		10,640
Housing Development Finance Corp. Ltd.	7,555,494		132,320
Lupin Ltd.	2,035,221		43,019
The Jammu & Kashmir Bank Ltd.	712,706		18,756
Titan Co. Ltd.	2,240,879		12,904
United Spirits Ltd.	123,903		4,811
Yes Bank Ltd.	3,138,775		27,671
TOTAL INDIA			272,744
Indonesia - 0.4%
PT Bank Central Asia Tbk (h)	23,992,200		24,010
PT Bank Rakyat Indonesia Tbk (h)	25,614,000		24,568
TOTAL INDONESIA			48,578
Ireland - 2.8%
Actavis PLC (a)	531,600		113,901
Bank of Ireland (a)	63,590,200		22,262
Glanbia PLC	1,914,500		29,533
James Hardie Industries PLC CDI	6,070,470		75,387
Kerry Group PLC Class A	1,114,800		82,849
United Drug PLC (United Kingdom)	335,400		2,012
TOTAL IRELAND			325,944
Italy - 1.2%
De Longhi SpA	2,375,100		50,568
Telecom Italia SpA (a)(d)	52,912,400		60,971
World Duty Free SpA (a)	2,253,904		25,744
TOTAL ITALY			137,283
Japan - 17.7%
ABC-MART, Inc.	398,400		21,515
Common Stocks - continued
	Shares		Value (000s)
Japan - continued
ACOM Co. Ltd. (a)	7,381,200		$ 29,063
Aozora Bank Ltd.	16,056,000		54,560
Astellas Pharma, Inc.	10,267,800		139,238
Coca-Cola Central Japan Co. Ltd.	1,597,500		42,698
Daikin Industries Ltd.	1,089,400		74,819
Don Quijote Holdings Co. Ltd.	1,454,900		78,614
Hitachi Ltd.	6,659,000		51,613
Hoya Corp.	2,101,900		68,057
Japan Exchange Group, Inc.	2,589,500		58,915
Japan Tobacco, Inc.	3,948,700		138,866
KDDI Corp.	1,626,800		93,513
Keyence Corp.	304,060		132,462
NEC Corp.	26,163,000		101,012
Olympus Corp. (a)	1,501,000		54,012
OMRON Corp.	2,083,000		92,387
ORIX Corp.	9,072,900		146,630
Park24 Co. Ltd.	1,342,800		24,634
Rakuten, Inc.	5,927,100		77,840
Sanix, Inc. (a)(d)	1,201,100		14,195
Santen Pharmaceutical Co. Ltd.	1,166,900		68,790
Seven & i Holdings Co., Ltd.	2,748,600		114,385
Seven Bank Ltd.	17,781,300		71,357
Ship Healthcare Holdings, Inc.	1,076,700		35,177
SoftBank Corp.	2,099,300		150,915
Sundrug Co. Ltd.	636,300		28,567
Takata Corp.	1,179,800		23,470
Toshiba Plant Systems & Services Corp.	2,449,100		38,841
Tsuruha Holdings, Inc.	857,400		49,219
VT Holdings Co. Ltd.	3,205,400		17,187
TOTAL JAPAN			2,092,551
Korea (South) - 0.9%
Hyundai Motor Co.	206,848		48,960
Naturalendo Tech Co. Ltd.	93,259		7,230
NAVER Corp.	65,859		47,020
TOTAL KOREA (SOUTH)			103,210
Luxembourg - 0.4%
Altice S.A.	759,700		43,595
Netherlands - 1.6%
AEGON NV	5,028,800		40,782
AerCap Holdings NV (a)	1,180,100		51,488
Common Stocks - continued
	Shares		Value (000s)
Netherlands - continued
IMCD Group BV	1,363,486		$ 41,993
Royal DSM NV	778,500		53,874
TOTAL NETHERLANDS			188,137
New Zealand - 0.8%
EBOS Group Ltd.	4,569,842		39,287
Ryman Healthcare Group Ltd.	7,311,565		50,311
TOTAL NEW ZEALAND			89,598
Philippines - 0.6%
Alliance Global Group, Inc.	77,786,166		46,576
SM Investments Corp.	1,524,410		27,669
TOTAL PHILIPPINES			74,245
Portugal - 0.1%
CTT Correios de Portugal SA	609,064		6,484
Espirito Santo Saude SGPS SA	1,982,181		9,993
TOTAL PORTUGAL			16,477
Singapore - 0.2%
Ezion Holdings Ltd.	12,606,000		21,588
South Africa - 0.4%
Naspers Ltd. Class N	369,200		45,816
Spain - 3.0%
Amadeus IT Holding SA Class A	2,349,200		92,798
Atresmedia Corporacion de Medios de Comunicacion SA	1,515,400		22,301
Banco Bilbao Vizcaya Argentaria SA	4,766,424		58,592
Criteria CaixaCorp SA	8,122,210		48,931
Grifols SA ADR	1,796,450		65,876
Inditex SA	2,408,395		70,482
TOTAL SPAIN			358,980
Sweden - 4.1%
ASSA ABLOY AB (B Shares)	2,357,200		116,182
Eniro AB (a)	2,475,513		7,960
H&M Hennes & Mauritz AB (B Shares)	1,057,821		43,382
HEXPOL AB (B Shares)	341,200		28,713
Intrum Justitia AB	1,835,800		56,286
Nordea Bank AB	9,576,600		128,832
Svenska Cellulosa AB (SCA) (B Shares)	1,118,800		27,653
Svenska Handelsbanken AB (A Shares)	1,425,600		68,963
TOTAL SWEDEN			477,971
Common Stocks - continued
	Shares		Value (000s)
Switzerland - 5.2%
Clariant AG (Reg.)	2,358,150		$ 44,062
Compagnie Financiere Richemont SA Series A	530,511		50,585
Lonza Group AG	521,951		58,011
Partners Group Holding AG	230,056		57,770
Roche Holding AG (participation certificate)	926,232		268,793
Schindler Holding AG (participation certificate)	194,920		29,192
Sonova Holding AG Class B	30,597		4,764
UBS AG	6,126,361		105,260
TOTAL SWITZERLAND			618,437
Taiwan - 1.1%
ECLAT Textile Co. Ltd.	2,457,180		27,186
MediaTek, Inc.	4,532,000		69,969
Merida Industry Co. Ltd.	4,758,000		37,065
TOTAL TAIWAN			134,220
Turkey - 0.0%
Logo Yazilim Sanayi Ve Ticar (a)	146,436		1,432
United Kingdom - 14.8%
Aberdeen Asset Management PLC	5,975,132		41,743
Al Noor Hospitals Group PLC	1,829,400		31,411
Anglo American PLC (United Kingdom)	1,316,500		35,356
Associated British Foods PLC	791,000		37,099
B&M European Value Retail S.A.	6,402,976		29,350
BG Group PLC	6,766,700		133,434
BHP Billiton PLC	2,080,582		70,973
British American Tobacco PLC (United Kingdom)	2,261,200		132,467
Bunzl PLC	1,143,100		30,705
Diageo PLC	4,394,219		131,969
Exova Group Ltd. PLC (a)	4,302,877		16,781
Galiform PLC	4,934,200		28,248
Hikma Pharmaceuticals PLC	3,907,835		118,691
ITV PLC	14,738,700		51,932
Jazztel PLC (a)	4,681,964		63,133
Liberty Global PLC:
Class A (a)	677,800		28,196
Class C	677,800		27,105
Lloyds Banking Group PLC (a)	37,539,700		46,800
London Stock Exchange Group PLC	2,683,400		87,799
Meggitt PLC	3,879,958		33,309
Melrose PLC	8,872,333		39,425
Next PLC	781,744		89,352
Common Stocks - continued
	Shares		Value (000s)
United Kingdom - continued
Persimmon PLC	1,505,600		$ 31,850
Poundland Group PLC (a)	3,906,035		21,294
Reckitt Benckiser Group PLC	788,600		69,832
Rex Bionics PLC (a)(e)	1,328,936		4,027
Rolls-Royce Group PLC	4,197,715		73,705
Rotork PLC	717,800		33,556
SABMiller PLC	1,107,300		60,533
St. James's Place Capital PLC	5,676,000		69,619
Taylor Wimpey PLC	12,002,700		22,554
The Restaurant Group PLC	1,992,100		20,718
Ultra Electronics Holdings PLC	614,667		18,410
Vodafone Group PLC	2,127,096		7,083
Zoopla Property Group PLC	2,595,500		11,043
TOTAL UNITED KINGDOM			1,749,502
United States of America - 3.5%
Chevron Corp.	560,500		72,439
Google, Inc.:
Class A (a)	90,700		52,565
Class C (a)	90,700		51,844
Las Vegas Sands Corp.	726,600		53,659
McGraw Hill Financial, Inc.	1,415,500		113,551
Visa, Inc. Class A	301,900		63,704
TOTAL UNITED STATES OF AMERICA			407,762
TOTAL COMMON STOCKS (Cost $9,270,670)		11,069,773
Nonconvertible Preferred Stocks - 1.0%

Germany - 1.0%
Volkswagen AG (Cost $113,320)	514,100		120,161

Government Obligations - 0.1%
		Principal Amount (000s) (j)
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.03% to 0.03% 8/21/14 to 10/30/14 (i) (Cost $13,979)		$ 13,980	13,980
Preferred Securities - 0.1%
		Principal Amount (000s) (j)	Value (000s)
Ireland - 0.1%
Baggot Securities Ltd. 10.24% (f)(g) (Cost $14,037)	EUR	9,140	$ 13,794

Money Market Funds - 6.1%
	Shares
Fidelity Cash Central Fund, 0.11% (b)	705,482,425		705,482
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	12,926,000		12,926
TOTAL MONEY MARKET FUNDS (Cost $718,408)		718,408
TOTAL INVESTMENT PORTFOLIO - 101.2% (Cost $10,130,414)			11,936,116
NET OTHER ASSETS (LIABILITIES) - (1.2)%			(145,198)
NET ASSETS - 100%		$ 11,790,918

Futures Contracts
	Expiration Date	Underlying Face Amount at Value (000s)	Unrealized Appreciation/ (Depreciation) 000s)
Purchased
Equity Index Contracts
3,792 CME Nikkei 225 Index Contracts	Sept. 2014	$ 294,070	$ 5,539

The face value of futures purchased as a percentage of net assets is 2.5%

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

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

(e) Affiliated company

(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) 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 $13,980,000.

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

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	$ 465
Fidelity Securities Lending Cash Central Fund	4,991
Total	$ 5,456

Other Affiliated Issuers

Affiliate (Amount in thousands)	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
MySale Group PLC	$ -	$ 32,521	$ -	$ -	$ 30,101
PAX Global Technology Ltd.	-	37,251	-	-	51,732
Rex Bionics PLC	-	4,037	-	-	4,027
Total	$ -	$ 73,809	$ -	$ -	$ 85,860

Other Information

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

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Consumer Discretionary	$ 1,630,793	$ 1,109,252	$ 521,541	$ -
Consumer Staples	1,153,711	344,355	809,356	-
Energy	744,297	292,589	451,708	-
Financials	2,127,971	945,552	1,182,419	-
Health Care	1,682,009	731,610	950,399	-
Industrials	1,614,893	1,164,385	450,508	-
Information Technology	992,472	378,220	614,252	-
Materials	682,251	479,991	202,260	-
Telecommunication Services	505,334	170,229	335,105	-
Utilities	56,203	33,102	23,101	-
Government Obligations	13,980	-	13,980	-
Preferred Securities	13,794	-	13,794	-
Money Market Funds	718,408	718,408	-	-
Total Investments in Securities:	$ 11,936,116	$ 6,367,693	$ 5,568,423	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 5,539	$ 5,539	$ -	$ -

Transfers	Total (000s)
Level 1 to Level 2	$ 1,211,978
Level 2 to Level 1	$ 0

Income Tax Information

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. Preferred securities and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor®
International Growth Fund
Class A
Class T
Class B
Class C
Institutional Class
Class Z

July 31, 2014

Class A, Class T, Class B, Class C,
Institutional Class and Class Z
are classes of Fidelity ®
International Growth Fund

1.863095.106

AIGF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value
Australia - 3.2%
CSL Ltd.	272,940		$ 17,005,128
Sydney Airport unit	1,022,664		4,056,783
Transurban Group unit	815,621		5,856,966
TOTAL AUSTRALIA			26,918,877
Austria - 1.1%
Andritz AG	165,597		8,980,578
Belgium - 4.5%
Anheuser-Busch InBev SA NV	230,691		24,899,118
KBC Groupe SA (a)	230,392		12,546,956
TOTAL BELGIUM			37,446,074
Bermuda - 0.6%
Lazard Ltd. Class A	91,292		4,774,572
Canada - 0.6%
Canadian Pacific Railway Ltd.	28,500		5,419,274
Cayman Islands - 3.2%
Sands China Ltd.	1,547,600		11,362,001
Tencent Holdings Ltd.	333,200		5,411,088
Wynn Macau Ltd.	2,265,200		9,652,948
TOTAL CAYMAN ISLANDS			26,426,037
Denmark - 3.0%
Jyske Bank A/S (Reg.) (a)	86,400		4,904,824
Novo Nordisk A/S Series B sponsored ADR	447,500		20,607,375
TOTAL DENMARK			25,512,199
Finland - 0.2%
Tikkurila Oyj	79,600		2,018,784
France - 1.3%
Remy Cointreau SA (d)	26,687		2,185,209
Safran SA	146,200		8,593,285
TOTAL FRANCE			10,778,494
Germany - 4.6%
Bayer AG	123,200		16,318,927
Linde AG	106,441		21,792,810
TOTAL GERMANY			38,111,737
India - 0.4%
Housing Development Finance Corp. Ltd.	173,105		3,031,598
Common Stocks - continued
	Shares		Value
Ireland - 2.4%
CRH PLC sponsored ADR	358,766		$ 8,427,413
James Hardie Industries PLC:
CDI	299,547		3,719,972
sponsored ADR	132,300		8,309,763
TOTAL IRELAND			20,457,148
Israel - 0.2%
Azrieli Group	58,600		1,908,834
Italy - 0.6%
Azimut Holding SpA	84,100		2,175,705
Interpump Group SpA	231,051		2,953,117
TOTAL ITALY			5,128,822
Japan - 15.7%
Aozora Bank Ltd.	1,294,000		4,397,124
Astellas Pharma, Inc.	598,700		8,118,734
Coca-Cola Central Japan Co. Ltd.	142,800		3,816,748
DENSO Corp.	463,400		21,374,590
East Japan Railway Co.	59,700		4,782,393
Fanuc Corp.	45,000		7,777,364
Fast Retailing Co. Ltd.	24,900		8,220,689
Japan Tobacco, Inc.	119,700		4,209,555
Keyence Corp.	37,962		16,537,951
Mitsui Fudosan Co. Ltd.	410,000		13,539,766
Seven Bank Ltd.	1,128,600		4,529,109
SHO-BOND Holdings Co. Ltd.	102,900		4,358,563
SoftBank Corp.	215,400		15,484,732
USS Co. Ltd.	566,700		9,899,988
Yamato Kogyo Co. Ltd.	123,700		4,020,882
TOTAL JAPAN			131,068,188
Kenya - 0.4%
Safaricom Ltd.	22,223,000		3,087,934
Korea (South) - 0.5%
NAVER Corp.	5,495		3,923,114
Mexico - 0.5%
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	41,055		3,854,654
Netherlands - 1.4%
ING Groep NV (Certificaten Van Aandelen) (a)	911,364		11,836,422
Common Stocks - continued
	Shares		Value
South Africa - 1.1%
Clicks Group Ltd.	595,040		$ 3,644,710
Naspers Ltd. Class N	42,700		5,298,894
TOTAL SOUTH AFRICA			8,943,604
Spain - 2.0%
Inditex SA	495,475		14,500,045
Prosegur Compania de Seguridad SA (Reg.)	355,349		2,407,700
TOTAL SPAIN			16,907,745
Sweden - 5.6%
ASSA ABLOY AB (B Shares)	263,961		13,010,168
Atlas Copco AB (A Shares) (d)	305,309		9,143,956
Fagerhult AB	198,852		3,949,251
H&M Hennes & Mauritz AB (B Shares)	220,928		9,060,412
Intrum Justitia AB	99,600		3,053,753
Svenska Handelsbanken AB (A Shares)	182,940		8,849,711
TOTAL SWEDEN			47,067,251
Switzerland - 12.0%
Nestle SA	411,215		30,446,387
Novartis AG	136,946		11,914,117
Roche Holding AG (participation certificate)	123,464		35,829,962
Schindler Holding AG:
(participation certificate)	43,952		6,582,522
(Reg.)	6,660		986,450
UBS AG (NY Shares)	858,961		14,748,360
TOTAL SWITZERLAND			100,507,798
Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	750,000		2,999,710
Turkey - 0.5%
Coca-Cola Icecek Sanayi A/S	163,534		4,102,087
United Kingdom - 15.5%
Babcock International Group PLC	269,984		5,004,838
BAE Systems PLC	64,422		465,291
Berendsen PLC	98,673		1,744,193
BG Group PLC	555,695		10,957,894
GlaxoSmithKline PLC	208,100		5,014,951
Informa PLC	484,214		3,988,575
InterContinental Hotel Group PLC ADR	348,396		14,071,714
Johnson Matthey PLC	158,677		7,926,995
Prudential PLC	1,066,442		24,510,959
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Reckitt Benckiser Group PLC	216,345		$ 19,157,639
Rexam PLC	422,223		3,571,324
Rolls-Royce Group PLC	486,337		8,539,261
Rotork PLC	47,300		2,211,229
SABMiller PLC	310,466		16,972,293
Shaftesbury PLC	228,133		2,605,587
Unite Group PLC	345,976		2,374,996
TOTAL UNITED KINGDOM			129,117,739
United States of America - 15.1%
Autoliv, Inc.	86,369		8,594,579
Berkshire Hathaway, Inc. Class B (a)	46,184		5,792,859
BorgWarner, Inc.	181,492		11,297,877
Cummins, Inc.	44,082		6,144,590
FMC Technologies, Inc. (a)	66,952		4,070,682
Google, Inc.:
Class A (a)	16,633		9,639,655
Class C (a)	7,813		4,465,911
JPMorgan Chase & Co.	37,300		2,151,091
Martin Marietta Materials, Inc. (d)	61,100		7,590,453
MasterCard, Inc. Class A	154,500		11,456,175
Mead Johnson Nutrition Co. Class A	43,544		3,981,663
Mohawk Industries, Inc. (a)	44,000		5,489,880
National Oilwell Varco, Inc.	22,372		1,813,027
Oceaneering International, Inc.	45,613		3,097,579
Philip Morris International, Inc.	75,908		6,225,215
PriceSmart, Inc.	43,000		3,538,900
ResMed, Inc. (d)	72,600		3,756,324
Solera Holdings, Inc.	96,089		6,149,696
SS&C Technologies Holdings, Inc. (a)	107,900		4,673,149
Union Pacific Corp.	47,100		4,630,401
Visa, Inc. Class A	54,975		11,600,275
TOTAL UNITED STATES OF AMERICA			126,159,981
TOTAL COMMON STOCKS (Cost $710,350,342)		806,489,255
Money Market Funds - 5.0%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	28,434,466		$ 28,434,466
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	13,845,154		13,845,154
TOTAL MONEY MARKET FUNDS (Cost $42,279,620)		42,279,620
TOTAL INVESTMENT PORTFOLIO - 101.6% (Cost $752,629,962)			848,768,875
NET OTHER ASSETS (LIABILITIES) - (1.6)%			(13,754,992)
NET ASSETS - 100%		$ 835,013,883

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	$ 14,716
Fidelity Securities Lending Cash Central Fund	306,588
Total	$ 321,304

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	$ 132,812,192	$ 72,301,976	$ 60,510,216	$ -
Consumer Staples	127,034,178	63,662,370	63,371,808	-
Energy	19,939,182	8,981,288	10,957,894	-
Financials	124,678,473	62,833,495	61,844,978	-
Health Care	118,565,518	40,682,626	77,882,892	-
Industrials	120,651,926	93,819,857	26,832,069	-
Information Technology	76,856,724	47,984,861	28,871,863	-
Materials	67,378,396	59,637,542	7,740,854	-
Telecommunication Services	18,572,666	3,087,934	15,484,732	-
Money Market Funds	42,279,620	42,279,620	-	-
Total Investments in Securities:	$ 848,768,875	$ 495,271,569	$ 353,497,306	$ -

Transfers	Total
Level 1 to Level 2	$ 60,817,931
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $752,983,895. Net unrealized appreciation aggregated $95,784,980, of which $108,639,952 related to appreciated investment securities and $12,854,972 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Growth Fund

July 31, 2014

1.863103.106

IGF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value
Australia - 3.2%
CSL Ltd.	272,940		$ 17,005,128
Sydney Airport unit	1,022,664		4,056,783
Transurban Group unit	815,621		5,856,966
TOTAL AUSTRALIA			26,918,877
Austria - 1.1%
Andritz AG	165,597		8,980,578
Belgium - 4.5%
Anheuser-Busch InBev SA NV	230,691		24,899,118
KBC Groupe SA (a)	230,392		12,546,956
TOTAL BELGIUM			37,446,074
Bermuda - 0.6%
Lazard Ltd. Class A	91,292		4,774,572
Canada - 0.6%
Canadian Pacific Railway Ltd.	28,500		5,419,274
Cayman Islands - 3.2%
Sands China Ltd.	1,547,600		11,362,001
Tencent Holdings Ltd.	333,200		5,411,088
Wynn Macau Ltd.	2,265,200		9,652,948
TOTAL CAYMAN ISLANDS			26,426,037
Denmark - 3.0%
Jyske Bank A/S (Reg.) (a)	86,400		4,904,824
Novo Nordisk A/S Series B sponsored ADR	447,500		20,607,375
TOTAL DENMARK			25,512,199
Finland - 0.2%
Tikkurila Oyj	79,600		2,018,784
France - 1.3%
Remy Cointreau SA (d)	26,687		2,185,209
Safran SA	146,200		8,593,285
TOTAL FRANCE			10,778,494
Germany - 4.6%
Bayer AG	123,200		16,318,927
Linde AG	106,441		21,792,810
TOTAL GERMANY			38,111,737
India - 0.4%
Housing Development Finance Corp. Ltd.	173,105		3,031,598
Common Stocks - continued
	Shares		Value
Ireland - 2.4%
CRH PLC sponsored ADR	358,766		$ 8,427,413
James Hardie Industries PLC:
CDI	299,547		3,719,972
sponsored ADR	132,300		8,309,763
TOTAL IRELAND			20,457,148
Israel - 0.2%
Azrieli Group	58,600		1,908,834
Italy - 0.6%
Azimut Holding SpA	84,100		2,175,705
Interpump Group SpA	231,051		2,953,117
TOTAL ITALY			5,128,822
Japan - 15.7%
Aozora Bank Ltd.	1,294,000		4,397,124
Astellas Pharma, Inc.	598,700		8,118,734
Coca-Cola Central Japan Co. Ltd.	142,800		3,816,748
DENSO Corp.	463,400		21,374,590
East Japan Railway Co.	59,700		4,782,393
Fanuc Corp.	45,000		7,777,364
Fast Retailing Co. Ltd.	24,900		8,220,689
Japan Tobacco, Inc.	119,700		4,209,555
Keyence Corp.	37,962		16,537,951
Mitsui Fudosan Co. Ltd.	410,000		13,539,766
Seven Bank Ltd.	1,128,600		4,529,109
SHO-BOND Holdings Co. Ltd.	102,900		4,358,563
SoftBank Corp.	215,400		15,484,732
USS Co. Ltd.	566,700		9,899,988
Yamato Kogyo Co. Ltd.	123,700		4,020,882
TOTAL JAPAN			131,068,188
Kenya - 0.4%
Safaricom Ltd.	22,223,000		3,087,934
Korea (South) - 0.5%
NAVER Corp.	5,495		3,923,114
Mexico - 0.5%
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	41,055		3,854,654
Netherlands - 1.4%
ING Groep NV (Certificaten Van Aandelen) (a)	911,364		11,836,422
Common Stocks - continued
	Shares		Value
South Africa - 1.1%
Clicks Group Ltd.	595,040		$ 3,644,710
Naspers Ltd. Class N	42,700		5,298,894
TOTAL SOUTH AFRICA			8,943,604
Spain - 2.0%
Inditex SA	495,475		14,500,045
Prosegur Compania de Seguridad SA (Reg.)	355,349		2,407,700
TOTAL SPAIN			16,907,745
Sweden - 5.6%
ASSA ABLOY AB (B Shares)	263,961		13,010,168
Atlas Copco AB (A Shares) (d)	305,309		9,143,956
Fagerhult AB	198,852		3,949,251
H&M Hennes & Mauritz AB (B Shares)	220,928		9,060,412
Intrum Justitia AB	99,600		3,053,753
Svenska Handelsbanken AB (A Shares)	182,940		8,849,711
TOTAL SWEDEN			47,067,251
Switzerland - 12.0%
Nestle SA	411,215		30,446,387
Novartis AG	136,946		11,914,117
Roche Holding AG (participation certificate)	123,464		35,829,962
Schindler Holding AG:
(participation certificate)	43,952		6,582,522
(Reg.)	6,660		986,450
UBS AG (NY Shares)	858,961		14,748,360
TOTAL SWITZERLAND			100,507,798
Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	750,000		2,999,710
Turkey - 0.5%
Coca-Cola Icecek Sanayi A/S	163,534		4,102,087
United Kingdom - 15.5%
Babcock International Group PLC	269,984		5,004,838
BAE Systems PLC	64,422		465,291
Berendsen PLC	98,673		1,744,193
BG Group PLC	555,695		10,957,894
GlaxoSmithKline PLC	208,100		5,014,951
Informa PLC	484,214		3,988,575
InterContinental Hotel Group PLC ADR	348,396		14,071,714
Johnson Matthey PLC	158,677		7,926,995
Prudential PLC	1,066,442		24,510,959
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Reckitt Benckiser Group PLC	216,345		$ 19,157,639
Rexam PLC	422,223		3,571,324
Rolls-Royce Group PLC	486,337		8,539,261
Rotork PLC	47,300		2,211,229
SABMiller PLC	310,466		16,972,293
Shaftesbury PLC	228,133		2,605,587
Unite Group PLC	345,976		2,374,996
TOTAL UNITED KINGDOM			129,117,739
United States of America - 15.1%
Autoliv, Inc.	86,369		8,594,579
Berkshire Hathaway, Inc. Class B (a)	46,184		5,792,859
BorgWarner, Inc.	181,492		11,297,877
Cummins, Inc.	44,082		6,144,590
FMC Technologies, Inc. (a)	66,952		4,070,682
Google, Inc.:
Class A (a)	16,633		9,639,655
Class C (a)	7,813		4,465,911
JPMorgan Chase & Co.	37,300		2,151,091
Martin Marietta Materials, Inc. (d)	61,100		7,590,453
MasterCard, Inc. Class A	154,500		11,456,175
Mead Johnson Nutrition Co. Class A	43,544		3,981,663
Mohawk Industries, Inc. (a)	44,000		5,489,880
National Oilwell Varco, Inc.	22,372		1,813,027
Oceaneering International, Inc.	45,613		3,097,579
Philip Morris International, Inc.	75,908		6,225,215
PriceSmart, Inc.	43,000		3,538,900
ResMed, Inc. (d)	72,600		3,756,324
Solera Holdings, Inc.	96,089		6,149,696
SS&C Technologies Holdings, Inc. (a)	107,900		4,673,149
Union Pacific Corp.	47,100		4,630,401
Visa, Inc. Class A	54,975		11,600,275
TOTAL UNITED STATES OF AMERICA			126,159,981
TOTAL COMMON STOCKS (Cost $710,350,342)		806,489,255
Money Market Funds - 5.0%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	28,434,466		$ 28,434,466
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	13,845,154		13,845,154
TOTAL MONEY MARKET FUNDS (Cost $42,279,620)		42,279,620
TOTAL INVESTMENT PORTFOLIO - 101.6% (Cost $752,629,962)			848,768,875
NET OTHER ASSETS (LIABILITIES) - (1.6)%			(13,754,992)
NET ASSETS - 100%		$ 835,013,883

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	$ 14,716
Fidelity Securities Lending Cash Central Fund	306,588
Total	$ 321,304

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	$ 132,812,192	$ 72,301,976	$ 60,510,216	$ -
Consumer Staples	127,034,178	63,662,370	63,371,808	-
Energy	19,939,182	8,981,288	10,957,894	-
Financials	124,678,473	62,833,495	61,844,978	-
Health Care	118,565,518	40,682,626	77,882,892	-
Industrials	120,651,926	93,819,857	26,832,069	-
Information Technology	76,856,724	47,984,861	28,871,863	-
Materials	67,378,396	59,637,542	7,740,854	-
Telecommunication Services	18,572,666	3,087,934	15,484,732	-
Money Market Funds	42,279,620	42,279,620	-	-
Total Investments in Securities:	$ 848,768,875	$ 495,271,569	$ 353,497,306	$ -

Transfers	Total
Level 1 to Level 2	$ 60,817,931
Level 2 to Level 1	$ 0

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® International
Small Cap Fund:
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
International Small Cap Fund

1.805999.110

AISC-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.5%
	Shares		Value
Australia - 5.6%
Austal Ltd. (a)(d)	3,396,893		$ 3,730,076
Bradken Ltd.	1,791,620		7,445,626
Challenger Ltd.	845,650		6,262,436
Charter Hall Group unit	1,196,020		4,785,851
GUD Holdings Ltd. (d)	1,884,479		12,991,586
iiNet Ltd.	455,468		3,188,171
Imdex Ltd. (a)	7,363,809		4,392,127
Life Healthcare Group Ltd. (a)	1,826,612		3,680,281
Nanosonics Ltd. (a)	1,455,582		1,121,956
RCG Corp. Ltd.	2,518,231		1,531,373
Slater & Gordon Ltd.	1,756,224		8,075,750
SomnoMed Ltd. (a)	584,445		912,973
Vision Group Holdings Ltd. (a)	1,221,604		878,852
TOTAL AUSTRALIA			58,997,058
Austria - 1.1%
Andritz AG	106,312		5,765,462
RHI AG	195,100		6,060,969
TOTAL AUSTRIA			11,826,431
Bailiwick of Jersey - 0.8%
Kennedy Wilson Europe Real Estate PLC	189,100		3,390,515
Regus PLC	1,827,700		5,366,043
TOTAL BAILIWICK OF JERSEY			8,756,558
Belgium - 1.2%
Barco NV	94,703		6,974,663
Econocom Group SA	639,204		5,824,577
TOTAL BELGIUM			12,799,240
Bermuda - 3.5%
APT Satellite Holdings Ltd.	2,096,000		3,089,785
BW Offshore Ltd.	5,523,413		7,336,610
Great Eagle Holdings Ltd.	1,889,192		6,822,214
Hiscox Ltd.	604,895		6,888,292
PAX Global Technology Ltd. (a)	6,064,000		4,648,320
Petra Diamonds Ltd. (a)	1,816,200		6,126,448
STELUX Holdings International	5,614,000		1,439,993
TOTAL BERMUDA			36,351,662
British Virgin Islands - 0.3%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	108,724		3,256,284
Common Stocks - continued
	Shares		Value
Canada - 3.5%
Constellation Software, Inc.	18,966		$ 4,505,153
Dorel Industries, Inc. Class B (sub. vtg.)	104,700		3,685,409
First Quantum Minerals Ltd.	194,898		4,622,426
Jean Coutu Group, Inc. Class A (sub. vtg.)	319,160		6,319,681
Lassonde Industries, Inc. Class A (sub. vtg.)	11,200		1,319,738
ShawCor Ltd. Class A	154,929		7,842,006
Whitecap Resources, Inc. (d)	585,981		8,528,930
TOTAL CANADA			36,823,343
Cayman Islands - 2.8%
AMVIG Holdings Ltd.	12,620,000		4,735,687
Bonjour Holdings Ltd.	47,792,800		7,291,940
Changshouhua Food Co. Ltd.	1,453,000		1,357,578
China High Precision Automation Group Ltd. (a)	712,000		27,561
China Metal Recycling (Holdings) Ltd. (a)	436,800		1
Lifestyle International Holdings Ltd.	3,661,500		7,142,444
Lombard Medical, Inc. (a)	78,978		474,658
Pico Far East Holdings Ltd.	18,482,000		4,265,908
SITC International Holdings Co. Ltd.	10,248,000		4,505,405
TOTAL CAYMAN ISLANDS			29,801,182
Chile - 0.5%
Quinenco SA	2,290,914		4,805,861
Denmark - 0.9%
Jyske Bank A/S (Reg.) (a)	161,979		9,195,353
Finland - 2.0%
Amer Group PLC (A Shares)	297,916		5,884,135
Kemira Oyj	405,300		5,530,286
Rakentajain Konevuokraamo Oyj (B Shares)	190,356		3,882,069
Tikkurila Oyj	205,600		5,214,346
TOTAL FINLAND			20,510,836
France - 5.2%
ALTEN	165,500		7,976,952
Arkema SA	67,279		6,254,044
Faurecia SA	119,873		4,248,857
Ipsos SA	228,184		6,185,855
Parrot SA (a)	208,950		4,826,455
Sopra Group SA	61,000		6,603,177
The Lisi Group	36,100		5,626,742
Common Stocks - continued
	Shares		Value
France - continued
The Vicat Group	93,298		$ 7,429,628
Wendel SA	39,952		5,245,987
TOTAL FRANCE			54,397,697
Germany - 5.5%
Aareal Bank AG	76,430		3,259,643
AURELIUS AG	158,535		5,604,358
Bilfinger Berger AG	67,664		5,535,995
CompuGroup Medical AG	239,549		5,966,286
Deutsche Beteiligungs AG	66,921		1,966,952
GEA Group AG	153,400		6,911,029
GfK AG	194,349		8,822,239
LEG Immobilien AG	99,977		7,012,331
LEONI AG	82,747		5,685,270
Pfeiffer Vacuum Technology AG	50,391		5,013,472
SHW Group	49,128		2,395,226
TOTAL GERMANY			58,172,801
Greece - 1.1%
Metka SA	359,600		5,826,421
Motor Oil (HELLAS) Corinth Refineries SA	552,490		5,955,484
TOTAL GREECE			11,781,905
Hong Kong - 1.4%
Dah Sing Banking Group Ltd.	3,094,000		5,524,115
Magnificent Estates Ltd.	88,446,000		4,423,536
Singamas Container Holdings Ltd.	7,774,000		1,482,867
Techtronic Industries Co. Ltd.	1,184,500		3,550,281
TOTAL HONG KONG			14,980,799
India - 0.6%
McLeod Russel India Ltd.	748,354		3,458,277
Shriram Transport Finance Co. Ltd.	186,687		2,753,246
TOTAL INDIA			6,211,523
Ireland - 1.4%
C&C Group PLC	967,100		5,488,190
United Drug PLC (United Kingdom)	1,479,749		8,878,817
TOTAL IRELAND			14,367,007
Isle of Man - 0.8%
Lamprell PLC (a)	3,433,746		8,797,241
Common Stocks - continued
	Shares		Value
Israel - 0.7%
Frutarom Industries Ltd.	283,210		$ 7,057,001
Italy - 1.0%
Danieli & C. Officine Meccaniche SpA	180,697		5,173,154
Prysmian SpA	263,900		5,625,735
TOTAL ITALY			10,798,889
Japan - 20.4%
Aeon Delight Co. Ltd.	146,700		3,504,318
Ain Pharmaciez, Inc.	71,500		3,329,488
Arc Land Sakamoto Co. Ltd.	172,100		3,811,433
Asahi Co. Ltd.	239,400		3,206,829
Broadleaf Co. Ltd.	283,800		5,347,218
Daiwa Industries Ltd.	446,000		3,104,279
Fuji Corp.	147,800		1,772,113
Fukuda Denshi Co. Ltd.	148,400		8,453,789
GMO Internet, Inc. (d)	753,000		8,215,912
Higashi Nihon House Co. Ltd.	1,224,500		6,128,229
Hoshizaki Electric Co. Ltd.	128,700		6,552,700
Iida Group Holdings Co. Ltd.	417,351		6,218,411
JSR Corp.	505,400		8,714,093
KAWAI Musical Instruments Manufacturing Co. Ltd.	2,344,000		4,642,945
Kinugawa Rubber Industrial Co. Ltd.	273,000		1,461,079
Kotobuki Spirits Co. Ltd. (d)	87,700		1,985,897
Leopalace21 Corp. (a)	1,366,700		6,084,333
Meitec Corp.	196,300		6,472,119
Miraca Holdings, Inc.	139,600		6,460,679
Mitani Shoji Co. Ltd.	234,300		6,514,457
Mitsubishi Pencil Co. Ltd.	32,900		1,044,209
Nakanishi, Inc.	97,500		4,130,371
Nitori Holdings Co. Ltd.	252,300		14,171,900
Nomura Real Estate Holdings, Inc.	149,500		2,777,720
Pal Co. Ltd.	71,000		2,005,898
Paramount Bed Holdings Co. Ltd.	182,000		5,425,658
Ricoh Leasing Co. Ltd.	248,400		7,183,036
San-Ai Oil Co. Ltd.	779,000		5,917,229
Takata Corp.	324,100		6,447,469
TFP Consulting Group Co. Ltd.	171,500		4,714,224
TKC Corp.	330,000		6,980,624
Tokyo Ohka Kogyo Co. Ltd.	275,200		6,588,144
Toshiba Plant Systems & Services Corp.	390,500		6,193,096
Toyo Suisan Kaisha Ltd.	195,000		5,914,774
Tsuruha Holdings, Inc.	340,600		19,551,998
Common Stocks - continued
	Shares		Value
Japan - continued
Uchiyama Holdings Co. Ltd.	497,800		$ 3,301,182
VT Holdings Co. Ltd.	1,214,200		6,510,582
Welcia Holdings Co. Ltd. (d)	55,200		3,534,430
TOTAL JAPAN			214,372,865
Korea (South) - 1.8%
Hy-Lok Corp.	120,010		3,938,046
KEPCO Plant Service & Engineering Co. Ltd.	87,244		6,275,993
Koh Young Technology, Inc.	159,703		4,053,257
Soulbrain Co. Ltd.	69,713		2,209,143
TK Corp. (a)	172,528		2,531,819
TOTAL KOREA (SOUTH)			19,008,258
Luxembourg - 1.2%
Grand City Properties SA (a)	1,009,573		12,572,379
Netherlands - 1.7%
Amsterdam Commodities NV	270,721		6,162,652
BinckBank NV	467,100		5,286,475
Ichor Coal NV (a)	317,000		2,016,275
IMCD Group BV	156,600		4,822,990
TOTAL NETHERLANDS			18,288,392
New Zealand - 1.9%
EBOS Group Ltd. (d)	1,408,656		12,110,131
Nuplex Industries Ltd.	2,942,865		7,424,893
TOTAL NEW ZEALAND			19,535,024
Norway - 1.7%
ABG Sundal Collier ASA (a)	6,803,251		6,027,998
Ekornes A/S	444,997		5,539,147
Kongsberg Gruppen ASA	282,200		6,441,846
TOTAL NORWAY			18,008,991
Singapore - 1.8%
Amtek Engineering Ltd.	6,985,000		3,466,626
Boustead Singapore Ltd.	2,261,000		3,329,364
Hour Glass Ltd.	2,293,000		3,409,089
Mapletree Industrial (REIT)	2,863,424		3,218,307
OSIM International Ltd.	1,572,000		3,606,006
Venture Corp. Ltd.	347,000		2,252,814
TOTAL SINGAPORE			19,282,206
Common Stocks - continued
	Shares		Value
South Africa - 2.1%
Blue Label Telecoms Ltd.	3,118,800		$ 2,326,812
Clicks Group Ltd.	1,736,037		10,633,490
Pinnacle Technology Holdings Ltd.	2,281,330		2,859,375
SA Corporate Real Estate Fund	17,242,106		6,753,413
TOTAL SOUTH AFRICA			22,573,090
Sweden - 0.3%
AddTech AB (B Shares)	204,656		3,263,483
Switzerland - 3.8%
Allied World Assurance Co. Holdings Ltd.	189,200		6,813,092
Clariant AG (Reg.)	307,372		5,743,248
Daetwyler Holdings AG	20,416		2,866,665
Pargesa Holding SA	111,676		9,462,506
Vontobel Holdings AG	227,903		8,175,667
VZ Holding AG	37,391		6,369,328
TOTAL SWITZERLAND			39,430,506
Taiwan - 0.7%
Pacific Hospital Supply Co. Ltd.	241,000		589,919
Tripod Technology Corp.	3,369,000		6,362,996
TOTAL TAIWAN			6,952,915
Thailand - 0.7%
Delta Electronics PCL (For. Reg.)	3,795,000		7,299,889
Turkey - 0.3%
Aygaz A/S	821,000		3,524,921
United Kingdom - 16.5%
Aberdeen Asset Management PLC	996,500		6,961,734
Alent PLC	494,300		2,791,492
AMEC PLC	513,481		9,865,436
Ashmore Group PLC (d)	1,091,793		6,539,937
BBA Aviation PLC	1,571,581		8,461,374
Bond International Software PLC	843,266		1,672,831
Brammer PLC	509,864		3,697,151
Brewin Dolphin Holding PLC	763,663		3,861,430
Cineworld Group PLC (d)	1,024,176		5,572,942
Close Brothers Group PLC	485,800		10,424,439
Countrywide PLC	951,700		8,347,093
Craneware PLC	645,474		5,748,451
Diploma PLC	551,052		5,954,183
Informa PLC	744,720		6,134,419
ITE Group PLC	964,200		3,267,113
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Luxfer Holdings PLC sponsored ADR	348,700		$ 6,628,787
Mears Group PLC	750,060		5,888,417
Meggitt PLC	1,487,855		12,773,243
Micro Focus International PLC	502,327		7,208,669
Moneysupermarket.com Group PLC	2,757,200		8,644,299
Morgan Advanced Materials PLC	560,608		2,971,930
Provident Financial PLC	236,878		8,506,322
Pureprofile Media PLC (a)(e)	1,108,572		860,937
Silverdell PLC (a)	12,644,400		213
Sinclair Pharma PLC (a)(d)	8,403,003		4,326,971
Spectris PLC	202,900		6,535,970
Spirent Communications PLC	4,227,000		7,343,401
Ultra Electronics Holdings PLC	416,244		12,466,692
TOTAL UNITED KINGDOM			173,455,876
United States of America - 1.7%
Dillard's, Inc. Class A	104,271		12,431,189
Integrated Silicon Solution, Inc.	343,130		5,016,561
Mudalla Technology, Inc. (Reg. S) (a)	996,527		17
YOU On Demand Holdings, Inc. warrants 8/30/17 (a)(e)	27,500		13
TOTAL UNITED STATES OF AMERICA			17,447,780
TOTAL COMMON STOCKS (Cost $959,944,128)		1,014,705,246
Investment Companies - 1.0%

United States of America - 1.0%
iShares MSCI EAFE Small Cap Index ETF (d) (Cost $10,448,566)	206,900		10,587,073
Money Market Funds - 4.8%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	34,969,741		$ 34,969,741
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	15,408,618		15,408,618
TOTAL MONEY MARKET FUNDS (Cost $50,378,359)		50,378,359
TOTAL INVESTMENT PORTFOLIO - 102.3% (Cost $1,020,771,053)			1,075,670,678
NET OTHER ASSETS (LIABILITIES) - (2.3)%			(24,512,284)
NET ASSETS - 100%		$ 1,051,158,394

Security Type Abbreviations
ETF	-	Exchange-Traded Fund

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 $860,950 or 0.1% of net assets.

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 1,173,341
YOU On Demand Holdings, Inc. warrants 8/30/17	9/14/12	$ -

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	$ 41,410
Fidelity Securities Lending Cash Central Fund	282,801
Total	$ 324,211

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Pertama Holdings Ltd.	$ 12,066,495	$ -	$ 12,052,911	$ 64,973	$ -

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	$ 183,956,625	$ 69,851,801	$ 114,104,807	$ 17
Consumer Staples	69,056,193	29,923,751	39,132,442	-
Energy	59,588,575	50,341,982	9,246,593	-
Financials	194,076,502	148,665,244	45,411,258	-
Health Care	72,460,974	37,505,314	34,955,660	-
Industrials	204,748,639	133,272,566	71,475,860	213
Information Technology	125,297,895	79,248,367	45,161,030	888,498
Materials	95,716,966	69,077,771	26,639,194	1
Telecommunication Services	6,277,956	-	6,277,956	-
Utilities	3,524,921	3,524,921	-	-
Investment Companies	10,587,073	10,587,073	-	-
Money Market Funds	50,378,359	50,378,359	-	-
Total Investments in Securities:	$ 1,075,670,678	$ 682,377,149	$ 392,404,800	$ 888,729

Transfers	Total
Level 1 to Level 2	$ 27,220,061
Level 2 to Level 1	$ -

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	$ 11,069,913
Net Realized Gain (Loss) on Investment Securities	(6,941,458)
Net Unrealized Gain (Loss) on Investment Securities	5,444,738
Cost of Purchases	-
Proceeds of Sales	(8,684,464)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 888,729
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2014	$ (1,311,922)

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 and proceeds of sales. 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 July 31, 2014, the cost of investment securities for income tax purposes was $1,025,367,940. Net unrealized appreciation aggregated $50,302,738, of which $108,164,550 related to appreciated investment securities and $57,861,812 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Small Cap Fund

July 31, 2014

1.804839.110

ISC-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.5%
	Shares		Value
Australia - 5.6%
Austal Ltd. (a)(d)	3,396,893		$ 3,730,076
Bradken Ltd.	1,791,620		7,445,626
Challenger Ltd.	845,650		6,262,436
Charter Hall Group unit	1,196,020		4,785,851
GUD Holdings Ltd. (d)	1,884,479		12,991,586
iiNet Ltd.	455,468		3,188,171
Imdex Ltd. (a)	7,363,809		4,392,127
Life Healthcare Group Ltd. (a)	1,826,612		3,680,281
Nanosonics Ltd. (a)	1,455,582		1,121,956
RCG Corp. Ltd.	2,518,231		1,531,373
Slater & Gordon Ltd.	1,756,224		8,075,750
SomnoMed Ltd. (a)	584,445		912,973
Vision Group Holdings Ltd. (a)	1,221,604		878,852
TOTAL AUSTRALIA			58,997,058
Austria - 1.1%
Andritz AG	106,312		5,765,462
RHI AG	195,100		6,060,969
TOTAL AUSTRIA			11,826,431
Bailiwick of Jersey - 0.8%
Kennedy Wilson Europe Real Estate PLC	189,100		3,390,515
Regus PLC	1,827,700		5,366,043
TOTAL BAILIWICK OF JERSEY			8,756,558
Belgium - 1.2%
Barco NV	94,703		6,974,663
Econocom Group SA	639,204		5,824,577
TOTAL BELGIUM			12,799,240
Bermuda - 3.5%
APT Satellite Holdings Ltd.	2,096,000		3,089,785
BW Offshore Ltd.	5,523,413		7,336,610
Great Eagle Holdings Ltd.	1,889,192		6,822,214
Hiscox Ltd.	604,895		6,888,292
PAX Global Technology Ltd. (a)	6,064,000		4,648,320
Petra Diamonds Ltd. (a)	1,816,200		6,126,448
STELUX Holdings International	5,614,000		1,439,993
TOTAL BERMUDA			36,351,662
British Virgin Islands - 0.3%
Mail.Ru Group Ltd. GDR (Reg. S) (a)	108,724		3,256,284
Common Stocks - continued
	Shares		Value
Canada - 3.5%
Constellation Software, Inc.	18,966		$ 4,505,153
Dorel Industries, Inc. Class B (sub. vtg.)	104,700		3,685,409
First Quantum Minerals Ltd.	194,898		4,622,426
Jean Coutu Group, Inc. Class A (sub. vtg.)	319,160		6,319,681
Lassonde Industries, Inc. Class A (sub. vtg.)	11,200		1,319,738
ShawCor Ltd. Class A	154,929		7,842,006
Whitecap Resources, Inc. (d)	585,981		8,528,930
TOTAL CANADA			36,823,343
Cayman Islands - 2.8%
AMVIG Holdings Ltd.	12,620,000		4,735,687
Bonjour Holdings Ltd.	47,792,800		7,291,940
Changshouhua Food Co. Ltd.	1,453,000		1,357,578
China High Precision Automation Group Ltd. (a)	712,000		27,561
China Metal Recycling (Holdings) Ltd. (a)	436,800		1
Lifestyle International Holdings Ltd.	3,661,500		7,142,444
Lombard Medical, Inc. (a)	78,978		474,658
Pico Far East Holdings Ltd.	18,482,000		4,265,908
SITC International Holdings Co. Ltd.	10,248,000		4,505,405
TOTAL CAYMAN ISLANDS			29,801,182
Chile - 0.5%
Quinenco SA	2,290,914		4,805,861
Denmark - 0.9%
Jyske Bank A/S (Reg.) (a)	161,979		9,195,353
Finland - 2.0%
Amer Group PLC (A Shares)	297,916		5,884,135
Kemira Oyj	405,300		5,530,286
Rakentajain Konevuokraamo Oyj (B Shares)	190,356		3,882,069
Tikkurila Oyj	205,600		5,214,346
TOTAL FINLAND			20,510,836
France - 5.2%
ALTEN	165,500		7,976,952
Arkema SA	67,279		6,254,044
Faurecia SA	119,873		4,248,857
Ipsos SA	228,184		6,185,855
Parrot SA (a)	208,950		4,826,455
Sopra Group SA	61,000		6,603,177
The Lisi Group	36,100		5,626,742
Common Stocks - continued
	Shares		Value
France - continued
The Vicat Group	93,298		$ 7,429,628
Wendel SA	39,952		5,245,987
TOTAL FRANCE			54,397,697
Germany - 5.5%
Aareal Bank AG	76,430		3,259,643
AURELIUS AG	158,535		5,604,358
Bilfinger Berger AG	67,664		5,535,995
CompuGroup Medical AG	239,549		5,966,286
Deutsche Beteiligungs AG	66,921		1,966,952
GEA Group AG	153,400		6,911,029
GfK AG	194,349		8,822,239
LEG Immobilien AG	99,977		7,012,331
LEONI AG	82,747		5,685,270
Pfeiffer Vacuum Technology AG	50,391		5,013,472
SHW Group	49,128		2,395,226
TOTAL GERMANY			58,172,801
Greece - 1.1%
Metka SA	359,600		5,826,421
Motor Oil (HELLAS) Corinth Refineries SA	552,490		5,955,484
TOTAL GREECE			11,781,905
Hong Kong - 1.4%
Dah Sing Banking Group Ltd.	3,094,000		5,524,115
Magnificent Estates Ltd.	88,446,000		4,423,536
Singamas Container Holdings Ltd.	7,774,000		1,482,867
Techtronic Industries Co. Ltd.	1,184,500		3,550,281
TOTAL HONG KONG			14,980,799
India - 0.6%
McLeod Russel India Ltd.	748,354		3,458,277
Shriram Transport Finance Co. Ltd.	186,687		2,753,246
TOTAL INDIA			6,211,523
Ireland - 1.4%
C&C Group PLC	967,100		5,488,190
United Drug PLC (United Kingdom)	1,479,749		8,878,817
TOTAL IRELAND			14,367,007
Isle of Man - 0.8%
Lamprell PLC (a)	3,433,746		8,797,241
Common Stocks - continued
	Shares		Value
Israel - 0.7%
Frutarom Industries Ltd.	283,210		$ 7,057,001
Italy - 1.0%
Danieli & C. Officine Meccaniche SpA	180,697		5,173,154
Prysmian SpA	263,900		5,625,735
TOTAL ITALY			10,798,889
Japan - 20.4%
Aeon Delight Co. Ltd.	146,700		3,504,318
Ain Pharmaciez, Inc.	71,500		3,329,488
Arc Land Sakamoto Co. Ltd.	172,100		3,811,433
Asahi Co. Ltd.	239,400		3,206,829
Broadleaf Co. Ltd.	283,800		5,347,218
Daiwa Industries Ltd.	446,000		3,104,279
Fuji Corp.	147,800		1,772,113
Fukuda Denshi Co. Ltd.	148,400		8,453,789
GMO Internet, Inc. (d)	753,000		8,215,912
Higashi Nihon House Co. Ltd.	1,224,500		6,128,229
Hoshizaki Electric Co. Ltd.	128,700		6,552,700
Iida Group Holdings Co. Ltd.	417,351		6,218,411
JSR Corp.	505,400		8,714,093
KAWAI Musical Instruments Manufacturing Co. Ltd.	2,344,000		4,642,945
Kinugawa Rubber Industrial Co. Ltd.	273,000		1,461,079
Kotobuki Spirits Co. Ltd. (d)	87,700		1,985,897
Leopalace21 Corp. (a)	1,366,700		6,084,333
Meitec Corp.	196,300		6,472,119
Miraca Holdings, Inc.	139,600		6,460,679
Mitani Shoji Co. Ltd.	234,300		6,514,457
Mitsubishi Pencil Co. Ltd.	32,900		1,044,209
Nakanishi, Inc.	97,500		4,130,371
Nitori Holdings Co. Ltd.	252,300		14,171,900
Nomura Real Estate Holdings, Inc.	149,500		2,777,720
Pal Co. Ltd.	71,000		2,005,898
Paramount Bed Holdings Co. Ltd.	182,000		5,425,658
Ricoh Leasing Co. Ltd.	248,400		7,183,036
San-Ai Oil Co. Ltd.	779,000		5,917,229
Takata Corp.	324,100		6,447,469
TFP Consulting Group Co. Ltd.	171,500		4,714,224
TKC Corp.	330,000		6,980,624
Tokyo Ohka Kogyo Co. Ltd.	275,200		6,588,144
Toshiba Plant Systems & Services Corp.	390,500		6,193,096
Toyo Suisan Kaisha Ltd.	195,000		5,914,774
Tsuruha Holdings, Inc.	340,600		19,551,998
Common Stocks - continued
	Shares		Value
Japan - continued
Uchiyama Holdings Co. Ltd.	497,800		$ 3,301,182
VT Holdings Co. Ltd.	1,214,200		6,510,582
Welcia Holdings Co. Ltd. (d)	55,200		3,534,430
TOTAL JAPAN			214,372,865
Korea (South) - 1.8%
Hy-Lok Corp.	120,010		3,938,046
KEPCO Plant Service & Engineering Co. Ltd.	87,244		6,275,993
Koh Young Technology, Inc.	159,703		4,053,257
Soulbrain Co. Ltd.	69,713		2,209,143
TK Corp. (a)	172,528		2,531,819
TOTAL KOREA (SOUTH)			19,008,258
Luxembourg - 1.2%
Grand City Properties SA (a)	1,009,573		12,572,379
Netherlands - 1.7%
Amsterdam Commodities NV	270,721		6,162,652
BinckBank NV	467,100		5,286,475
Ichor Coal NV (a)	317,000		2,016,275
IMCD Group BV	156,600		4,822,990
TOTAL NETHERLANDS			18,288,392
New Zealand - 1.9%
EBOS Group Ltd. (d)	1,408,656		12,110,131
Nuplex Industries Ltd.	2,942,865		7,424,893
TOTAL NEW ZEALAND			19,535,024
Norway - 1.7%
ABG Sundal Collier ASA (a)	6,803,251		6,027,998
Ekornes A/S	444,997		5,539,147
Kongsberg Gruppen ASA	282,200		6,441,846
TOTAL NORWAY			18,008,991
Singapore - 1.8%
Amtek Engineering Ltd.	6,985,000		3,466,626
Boustead Singapore Ltd.	2,261,000		3,329,364
Hour Glass Ltd.	2,293,000		3,409,089
Mapletree Industrial (REIT)	2,863,424		3,218,307
OSIM International Ltd.	1,572,000		3,606,006
Venture Corp. Ltd.	347,000		2,252,814
TOTAL SINGAPORE			19,282,206
Common Stocks - continued
	Shares		Value
South Africa - 2.1%
Blue Label Telecoms Ltd.	3,118,800		$ 2,326,812
Clicks Group Ltd.	1,736,037		10,633,490
Pinnacle Technology Holdings Ltd.	2,281,330		2,859,375
SA Corporate Real Estate Fund	17,242,106		6,753,413
TOTAL SOUTH AFRICA			22,573,090
Sweden - 0.3%
AddTech AB (B Shares)	204,656		3,263,483
Switzerland - 3.8%
Allied World Assurance Co. Holdings Ltd.	189,200		6,813,092
Clariant AG (Reg.)	307,372		5,743,248
Daetwyler Holdings AG	20,416		2,866,665
Pargesa Holding SA	111,676		9,462,506
Vontobel Holdings AG	227,903		8,175,667
VZ Holding AG	37,391		6,369,328
TOTAL SWITZERLAND			39,430,506
Taiwan - 0.7%
Pacific Hospital Supply Co. Ltd.	241,000		589,919
Tripod Technology Corp.	3,369,000		6,362,996
TOTAL TAIWAN			6,952,915
Thailand - 0.7%
Delta Electronics PCL (For. Reg.)	3,795,000		7,299,889
Turkey - 0.3%
Aygaz A/S	821,000		3,524,921
United Kingdom - 16.5%
Aberdeen Asset Management PLC	996,500		6,961,734
Alent PLC	494,300		2,791,492
AMEC PLC	513,481		9,865,436
Ashmore Group PLC (d)	1,091,793		6,539,937
BBA Aviation PLC	1,571,581		8,461,374
Bond International Software PLC	843,266		1,672,831
Brammer PLC	509,864		3,697,151
Brewin Dolphin Holding PLC	763,663		3,861,430
Cineworld Group PLC (d)	1,024,176		5,572,942
Close Brothers Group PLC	485,800		10,424,439
Countrywide PLC	951,700		8,347,093
Craneware PLC	645,474		5,748,451
Diploma PLC	551,052		5,954,183
Informa PLC	744,720		6,134,419
ITE Group PLC	964,200		3,267,113
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Luxfer Holdings PLC sponsored ADR	348,700		$ 6,628,787
Mears Group PLC	750,060		5,888,417
Meggitt PLC	1,487,855		12,773,243
Micro Focus International PLC	502,327		7,208,669
Moneysupermarket.com Group PLC	2,757,200		8,644,299
Morgan Advanced Materials PLC	560,608		2,971,930
Provident Financial PLC	236,878		8,506,322
Pureprofile Media PLC (a)(e)	1,108,572		860,937
Silverdell PLC (a)	12,644,400		213
Sinclair Pharma PLC (a)(d)	8,403,003		4,326,971
Spectris PLC	202,900		6,535,970
Spirent Communications PLC	4,227,000		7,343,401
Ultra Electronics Holdings PLC	416,244		12,466,692
TOTAL UNITED KINGDOM			173,455,876
United States of America - 1.7%
Dillard's, Inc. Class A	104,271		12,431,189
Integrated Silicon Solution, Inc.	343,130		5,016,561
Mudalla Technology, Inc. (Reg. S) (a)	996,527		17
YOU On Demand Holdings, Inc. warrants 8/30/17 (a)(e)	27,500		13
TOTAL UNITED STATES OF AMERICA			17,447,780
TOTAL COMMON STOCKS (Cost $959,944,128)		1,014,705,246
Investment Companies - 1.0%

United States of America - 1.0%
iShares MSCI EAFE Small Cap Index ETF (d) (Cost $10,448,566)	206,900		10,587,073
Money Market Funds - 4.8%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	34,969,741		$ 34,969,741
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	15,408,618		15,408,618
TOTAL MONEY MARKET FUNDS (Cost $50,378,359)		50,378,359
TOTAL INVESTMENT PORTFOLIO - 102.3% (Cost $1,020,771,053)			1,075,670,678
NET OTHER ASSETS (LIABILITIES) - (2.3)%			(24,512,284)
NET ASSETS - 100%		$ 1,051,158,394

Security Type Abbreviations
ETF	-	Exchange-Traded Fund

Legend

(a) Non-income producing

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

Additional information on each restricted holding is as follows:

Security	Acquisition Date	Acquisition Cost
Pureprofile Media PLC	5/3/05 - 1/11/06	$ 1,173,341
YOU On Demand Holdings, Inc. warrants 8/30/17	9/14/12	$ -

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	$ 41,410
Fidelity Securities Lending Cash Central Fund	282,801
Total	$ 324,211

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Pertama Holdings Ltd.	$ 12,066,495	$ -	$ 12,052,911	$ 64,973	$ -

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	$ 183,956,625	$ 69,851,801	$ 114,104,807	$ 17
Consumer Staples	69,056,193	29,923,751	39,132,442	-
Energy	59,588,575	50,341,982	9,246,593	-
Financials	194,076,502	148,665,244	45,411,258	-
Health Care	72,460,974	37,505,314	34,955,660	-
Industrials	204,748,639	133,272,566	71,475,860	213
Information Technology	125,297,895	79,248,367	45,161,030	888,498
Materials	95,716,966	69,077,771	26,639,194	1
Telecommunication Services	6,277,956	-	6,277,956	-
Utilities	3,524,921	3,524,921	-	-
Investment Companies	10,587,073	10,587,073	-	-
Money Market Funds	50,378,359	50,378,359	-	-
Total Investments in Securities:	$ 1,075,670,678	$ 682,377,149	$ 392,404,800	$ 888,729

Transfers	Total
Level 1 to Level 2	$ 27,220,061
Level 2 to Level 1	$ -

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	$ 11,069,913
Net Realized Gain (Loss) on Investment Securities	(6,941,458)
Net Unrealized Gain (Loss) on Investment Securities	5,444,738
Cost of Purchases	-
Proceeds of Sales	(8,684,464)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ 888,729
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2014	$ (1,311,922)

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Advisor International
Small Cap Opportunities Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity® International
Small Cap Opportunities Fund

1.834740.108

AILS-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.9%
	Shares		Value
Australia - 1.6%
DuluxGroup Ltd.	508,583		$ 2,581,915
Imdex Ltd. (a)	1,479,471		882,427
RCG Corp. Ltd.	3,726,715		2,266,270
Sydney Airport unit	665,862		2,641,393
TFS Corp. Ltd. (a)	1,484,406		2,381,374
TOTAL AUSTRALIA			10,753,379
Austria - 1.3%
Andritz AG	111,900		6,068,508
Zumtobel AG	139,181		2,871,035
TOTAL AUSTRIA			8,939,543
Belgium - 1.3%
Gimv NV	66,688		3,267,435
KBC Ancora (a)	172,738		5,343,141
TOTAL BELGIUM			8,610,576
Bermuda - 0.8%
Lazard Ltd. Class A	61,499		3,216,398
Vostok Nafta Investment Ltd. SDR (a)	296,909		2,173,597
TOTAL BERMUDA			5,389,995
Brazil - 0.3%
Arezzo Industria e Comercio SA	152,300		1,921,246
T4F Entretenimento SA (a)	19,200		43,076
TOTAL BRAZIL			1,964,322
British Virgin Islands - 0.5%
Gem Diamonds Ltd. (a)	1,097,698		3,604,559
Canada - 1.6%
Pason Systems, Inc.	263,200		6,708,239
ShawCor Ltd. Class A	80,700		4,084,774
TOTAL CANADA			10,793,013
Denmark - 1.8%
Jyske Bank A/S (Reg.) (a)	111,827		6,348,284
Spar Nord Bank A/S	521,369		5,664,815
TOTAL DENMARK			12,013,099
Finland - 0.7%
Tikkurila Oyj	194,620		4,935,876
France - 2.1%
Coface SA	127,100		1,875,530
Common Stocks - continued
	Shares		Value
France - continued
Laurent-Perrier Group SA	30,163		$ 2,807,089
Remy Cointreau SA (d)	20,673		1,692,765
Saft Groupe SA	52,716		1,944,737
Vetoquinol SA	55,184		2,499,100
Virbac SA	16,700		3,577,942
TOTAL FRANCE			14,397,163
Germany - 4.2%
alstria office REIT-AG	243,000		3,217,448
Bilfinger Berger AG	34,896		2,855,050
CompuGroup Medical AG	269,478		6,711,708
CTS Eventim AG	365,280		10,716,799
Fielmann AG	43,437		5,491,875
TOTAL GERMANY			28,992,880
Greece - 0.8%
Titan Cement Co. SA (Reg.)	187,080		5,761,718
India - 0.5%
Jyothy Laboratories Ltd.	1,116,294		3,336,372
Ireland - 2.0%
FBD Holdings PLC	240,328		4,601,900
James Hardie Industries PLC:
CDI	165,775		2,058,703
sponsored ADR	109,915		6,903,761
TOTAL IRELAND			13,564,364
Israel - 1.4%
Azrieli Group	86,005		2,801,523
Ituran Location & Control Ltd.	76,286		1,754,578
Sarine Technologies Ltd.	1,203,000		2,736,964
Strauss Group Ltd.	108,244		2,128,831
TOTAL ISRAEL			9,421,896
Italy - 3.8%
Azimut Holding SpA	389,473		10,075,840
Beni Stabili SpA SIIQ	8,681,989		7,062,563
Interpump Group SpA	702,943		8,984,478
TOTAL ITALY			26,122,881
Japan - 25.8%
Air Water, Inc.	121,000		1,935,156
Aozora Bank Ltd.	1,916,000		6,510,734
Common Stocks - continued
	Shares		Value
Japan - continued
Artnature, Inc. (d)	138,300		$ 4,055,135
Asahi Co. Ltd.	229,100		3,068,858
Autobacs Seven Co. Ltd.	202,000		3,305,244
Azbil Corp.	217,100		5,462,608
Coca-Cola Central Japan Co. Ltd.	225,900		6,037,840
Cosmos Pharmaceutical Corp.	31,300		3,835,704
Daiichikosho Co. Ltd.	28,200		836,518
Daikokutenbussan Co. Ltd.	168,700		4,842,933
Glory Ltd.	88,800		2,960,713
Goldcrest Co. Ltd.	316,330		6,306,415
Harmonic Drive Systems, Inc. (d)	126,900		4,860,602
Iida Group Holdings Co. Ltd.	205,282		3,058,643
Iwatsuka Confectionary Co. Ltd.	63,300		3,125,759
Kobayashi Pharmaceutical Co. Ltd.	71,500		4,432,372
Koshidaka Holdings Co. Ltd.	34,500		1,363,356
Kyoto Kimono Yuzen Co. Ltd.	79,300		780,298
Lasertec Corp. (a)	230,900		2,353,541
Meiko Network Japan Co. Ltd.	112,600		1,439,206
Miraial Co. Ltd.	73,200		1,232,317
Nabtesco Corp.	168,100		3,797,905
Nagaileben Co. Ltd.	285,600		5,759,312
ND Software Co. Ltd.	26,491		556,716
Nihon M&A Center, Inc.	68,900		1,929,651
Nihon Parkerizing Co. Ltd.	324,000		7,151,955
Nippon Seiki Co. Ltd.	150,000		2,947,363
NS Tool Co. Ltd.	17,800		375,073
OBIC Co. Ltd.	185,800		6,595,767
OSG Corp.	528,100		9,150,355
San-Ai Oil Co. Ltd.	326,000		2,476,273
Seven Bank Ltd.	1,963,800		7,880,794
SHO-BOND Holdings Co. Ltd.	178,000		7,539,594
Shoei Co. Ltd.	249,100		3,963,545
SK Kaken Co. Ltd.	32,000		2,700,238
Software Service, Inc.	62,900		3,238,927
Techno Medica Co. Ltd.	78,900		1,803,426
TFP Consulting Group Co. Ltd.	27,200		747,679
The Nippon Synthetic Chemical Industry Co. Ltd.	436,000		3,377,378
TKC Corp.	126,900		2,684,367
Tocalo Co. Ltd.	117,000		1,998,531
Tsutsumi Jewelry Co. Ltd.	81,000		2,068,886
USS Co. Ltd.	955,800		16,697,376
Common Stocks - continued
	Shares		Value
Japan - continued
Workman Co. Ltd.	76,400		$ 3,759,383
Yamato Kogyo Co. Ltd.	208,900		6,790,317
TOTAL JAPAN			177,794,763
Korea (South) - 2.3%
Bgf Retail (a)	43,738		2,722,491
Coway Co. Ltd.	113,533		9,784,935
Leeno Industrial, Inc.	102,751		3,564,073
TOTAL KOREA (SOUTH)			16,071,499
Mexico - 0.6%
Consorcio ARA S.A.B. de CV (a)	8,951,018		4,076,031
Netherlands - 3.6%
Aalberts Industries NV	319,501		9,760,892
ASM International NV (depositary receipt)	59,400		2,247,696
Heijmans NV (Certificaten Van Aandelen)	358,833		5,110,068
VastNed Retail NV	153,729		7,834,682
TOTAL NETHERLANDS			24,953,338
Philippines - 0.4%
Jollibee Food Corp.	737,170		2,979,200
South Africa - 1.3%
Alexander Forbes Group Holding (a)	857,491		695,717
Clicks Group Ltd.	853,287		5,226,512
Nampak Ltd.	802,700		3,054,198
TOTAL SOUTH AFRICA			8,976,427
Spain - 1.3%
Grifols SA	55,232		2,501,273
Prosegur Compania de Seguridad SA (Reg.)	989,178		6,702,268
TOTAL SPAIN			9,203,541
Sweden - 2.7%
Fagerhult AB	473,388		9,401,606
Intrum Justitia AB	307,134		9,416,781
TOTAL SWEDEN			18,818,387
Taiwan - 0.1%
Addcn Technology Co. Ltd.	66,000		820,337
Common Stocks - continued
	Shares		Value
Turkey - 1.0%
Albaraka Turk Katilim Bankasi A/S	3,466,046		$ 2,814,504
Coca-Cola Icecek Sanayi A/S	166,362		4,173,025
TOTAL TURKEY			6,987,529
United Kingdom - 19.6%
Advanced Computer Software Group PLC	1,077,100		2,173,069
Babcock International Group PLC	139,700		2,589,694
Bellway PLC	319,072		8,139,595
Berendsen PLC	580,963		10,269,393
Britvic PLC	566,971		6,714,878
Dechra Pharmaceuticals PLC	342,500		4,013,005
Derwent London PLC	99,710		4,504,789
Elementis PLC	1,608,710		7,333,160
Great Portland Estates PLC	614,789		6,632,489
H&T Group PLC	214,353		597,122
Hilton Food Group PLC	217,188		1,738,973
Informa PLC	816,781		6,728,001
InterContinental Hotel Group PLC ADR (d)	125,931		5,086,353
ITE Group PLC	873,800		2,960,800
Johnson Matthey PLC	93,475		4,669,712
Meggitt PLC	630,590		5,413,619
Persimmon PLC	171,863		3,635,658
Rotork PLC	116,700		5,455,611
Shaftesbury PLC	667,673		7,625,727
Spectris PLC	246,178		7,930,074
Spirax-Sarco Engineering PLC	228,421		10,504,920
Ted Baker PLC	126,700		3,653,542
Ultra Electronics Holdings PLC	205,058		6,141,578
Unite Group PLC	1,504,757		10,329,597
TOTAL UNITED KINGDOM			134,841,359
United States of America - 9.5%
ANSYS, Inc. (a)	19,085		1,468,400
Autoliv, Inc.	51,100		5,084,961
Broadridge Financial Solutions, Inc.	46,905		1,893,555
Dril-Quip, Inc. (a)	37,595		3,788,448
Evercore Partners, Inc. Class A	64,700		3,530,032
Kennedy-Wilson Holdings, Inc.	249,729		5,843,659
Martin Marietta Materials, Inc.	49,020		6,089,755
Mohawk Industries, Inc. (a)	45,800		5,714,466
Oceaneering International, Inc.	40,502		2,750,491
PriceSmart, Inc.	89,599		7,373,998
Common Stocks - continued
	Shares		Value
United States of America - continued
ResMed, Inc. (d)	64,100		$ 3,316,534
Solera Holdings, Inc.	144,056		9,219,584
SS&C Technologies Holdings, Inc. (a)	197,358		8,547,575
The Rubicon Project, Inc. (d)	78,300		932,553
TOTAL UNITED STATES OF AMERICA			65,554,011
TOTAL COMMON STOCKS (Cost $488,893,006)		639,678,058
Nonconvertible Preferred Stocks - 0.8%

Germany - 0.8%
Sartorius AG (non-vtg.) (Cost $5,382,059)	47,279		5,659,187
Money Market Funds - 6.5%

Fidelity Cash Central Fund, 0.11% (b)	38,932,745		38,932,745
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	5,546,400		5,546,400
TOTAL MONEY MARKET FUNDS (Cost $44,479,145)		44,479,145
TOTAL INVESTMENT PORTFOLIO - 100.2% (Cost $538,754,210)			689,816,390
NET OTHER ASSETS (LIABILITIES) - (0.2)%			(1,428,054)
NET ASSETS - 100%		$ 688,388,336

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	$ 21,227
Fidelity Securities Lending Cash Central Fund	157,001
Total	$ 178,228

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	$ 121,571,484	$ 63,252,403	$ 58,319,081	$ -
Consumer Staples	64,244,677	31,856,071	32,388,606	-
Energy	19,808,225	17,331,952	2,476,273	-
Financials	126,754,735	106,056,792	20,697,943	-
Health Care	41,810,199	30,451,818	11,358,381	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Industrials	$ 142,228,698	$ 103,490,238	$ 38,738,460	$ -
Information Technology	56,707,025	33,994,015	22,713,010	-
Materials	72,212,202	42,352,739	29,859,463	-
Money Market Funds	44,479,145	44,479,145	-	-
Total Investments in Securities:	$ 689,816,390	$ 473,265,173	$ 216,551,217	$ -

The following is a summary of transfers between Level 1 and Level 2 for the period endedJuly 31, 2014. 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	$ 18,672,809
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $542,994,995. Net unrealized appreciation aggregated $146,821,395, of which $160,450,673 related to appreciated investment securities and $13,629,278 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International Small Cap
Opportunities Fund

July 31, 2014

1.834743.108

ILS-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.9%
	Shares		Value
Australia - 1.6%
DuluxGroup Ltd.	508,583		$ 2,581,915
Imdex Ltd. (a)	1,479,471		882,427
RCG Corp. Ltd.	3,726,715		2,266,270
Sydney Airport unit	665,862		2,641,393
TFS Corp. Ltd. (a)	1,484,406		2,381,374
TOTAL AUSTRALIA			10,753,379
Austria - 1.3%
Andritz AG	111,900		6,068,508
Zumtobel AG	139,181		2,871,035
TOTAL AUSTRIA			8,939,543
Belgium - 1.3%
Gimv NV	66,688		3,267,435
KBC Ancora (a)	172,738		5,343,141
TOTAL BELGIUM			8,610,576
Bermuda - 0.8%
Lazard Ltd. Class A	61,499		3,216,398
Vostok Nafta Investment Ltd. SDR (a)	296,909		2,173,597
TOTAL BERMUDA			5,389,995
Brazil - 0.3%
Arezzo Industria e Comercio SA	152,300		1,921,246
T4F Entretenimento SA (a)	19,200		43,076
TOTAL BRAZIL			1,964,322
British Virgin Islands - 0.5%
Gem Diamonds Ltd. (a)	1,097,698		3,604,559
Canada - 1.6%
Pason Systems, Inc.	263,200		6,708,239
ShawCor Ltd. Class A	80,700		4,084,774
TOTAL CANADA			10,793,013
Denmark - 1.8%
Jyske Bank A/S (Reg.) (a)	111,827		6,348,284
Spar Nord Bank A/S	521,369		5,664,815
TOTAL DENMARK			12,013,099
Finland - 0.7%
Tikkurila Oyj	194,620		4,935,876
France - 2.1%
Coface SA	127,100		1,875,530
Common Stocks - continued
	Shares		Value
France - continued
Laurent-Perrier Group SA	30,163		$ 2,807,089
Remy Cointreau SA (d)	20,673		1,692,765
Saft Groupe SA	52,716		1,944,737
Vetoquinol SA	55,184		2,499,100
Virbac SA	16,700		3,577,942
TOTAL FRANCE			14,397,163
Germany - 4.2%
alstria office REIT-AG	243,000		3,217,448
Bilfinger Berger AG	34,896		2,855,050
CompuGroup Medical AG	269,478		6,711,708
CTS Eventim AG	365,280		10,716,799
Fielmann AG	43,437		5,491,875
TOTAL GERMANY			28,992,880
Greece - 0.8%
Titan Cement Co. SA (Reg.)	187,080		5,761,718
India - 0.5%
Jyothy Laboratories Ltd.	1,116,294		3,336,372
Ireland - 2.0%
FBD Holdings PLC	240,328		4,601,900
James Hardie Industries PLC:
CDI	165,775		2,058,703
sponsored ADR	109,915		6,903,761
TOTAL IRELAND			13,564,364
Israel - 1.4%
Azrieli Group	86,005		2,801,523
Ituran Location & Control Ltd.	76,286		1,754,578
Sarine Technologies Ltd.	1,203,000		2,736,964
Strauss Group Ltd.	108,244		2,128,831
TOTAL ISRAEL			9,421,896
Italy - 3.8%
Azimut Holding SpA	389,473		10,075,840
Beni Stabili SpA SIIQ	8,681,989		7,062,563
Interpump Group SpA	702,943		8,984,478
TOTAL ITALY			26,122,881
Japan - 25.8%
Air Water, Inc.	121,000		1,935,156
Aozora Bank Ltd.	1,916,000		6,510,734
Common Stocks - continued
	Shares		Value
Japan - continued
Artnature, Inc. (d)	138,300		$ 4,055,135
Asahi Co. Ltd.	229,100		3,068,858
Autobacs Seven Co. Ltd.	202,000		3,305,244
Azbil Corp.	217,100		5,462,608
Coca-Cola Central Japan Co. Ltd.	225,900		6,037,840
Cosmos Pharmaceutical Corp.	31,300		3,835,704
Daiichikosho Co. Ltd.	28,200		836,518
Daikokutenbussan Co. Ltd.	168,700		4,842,933
Glory Ltd.	88,800		2,960,713
Goldcrest Co. Ltd.	316,330		6,306,415
Harmonic Drive Systems, Inc. (d)	126,900		4,860,602
Iida Group Holdings Co. Ltd.	205,282		3,058,643
Iwatsuka Confectionary Co. Ltd.	63,300		3,125,759
Kobayashi Pharmaceutical Co. Ltd.	71,500		4,432,372
Koshidaka Holdings Co. Ltd.	34,500		1,363,356
Kyoto Kimono Yuzen Co. Ltd.	79,300		780,298
Lasertec Corp. (a)	230,900		2,353,541
Meiko Network Japan Co. Ltd.	112,600		1,439,206
Miraial Co. Ltd.	73,200		1,232,317
Nabtesco Corp.	168,100		3,797,905
Nagaileben Co. Ltd.	285,600		5,759,312
ND Software Co. Ltd.	26,491		556,716
Nihon M&A Center, Inc.	68,900		1,929,651
Nihon Parkerizing Co. Ltd.	324,000		7,151,955
Nippon Seiki Co. Ltd.	150,000		2,947,363
NS Tool Co. Ltd.	17,800		375,073
OBIC Co. Ltd.	185,800		6,595,767
OSG Corp.	528,100		9,150,355
San-Ai Oil Co. Ltd.	326,000		2,476,273
Seven Bank Ltd.	1,963,800		7,880,794
SHO-BOND Holdings Co. Ltd.	178,000		7,539,594
Shoei Co. Ltd.	249,100		3,963,545
SK Kaken Co. Ltd.	32,000		2,700,238
Software Service, Inc.	62,900		3,238,927
Techno Medica Co. Ltd.	78,900		1,803,426
TFP Consulting Group Co. Ltd.	27,200		747,679
The Nippon Synthetic Chemical Industry Co. Ltd.	436,000		3,377,378
TKC Corp.	126,900		2,684,367
Tocalo Co. Ltd.	117,000		1,998,531
Tsutsumi Jewelry Co. Ltd.	81,000		2,068,886
USS Co. Ltd.	955,800		16,697,376
Common Stocks - continued
	Shares		Value
Japan - continued
Workman Co. Ltd.	76,400		$ 3,759,383
Yamato Kogyo Co. Ltd.	208,900		6,790,317
TOTAL JAPAN			177,794,763
Korea (South) - 2.3%
Bgf Retail (a)	43,738		2,722,491
Coway Co. Ltd.	113,533		9,784,935
Leeno Industrial, Inc.	102,751		3,564,073
TOTAL KOREA (SOUTH)			16,071,499
Mexico - 0.6%
Consorcio ARA S.A.B. de CV (a)	8,951,018		4,076,031
Netherlands - 3.6%
Aalberts Industries NV	319,501		9,760,892
ASM International NV (depositary receipt)	59,400		2,247,696
Heijmans NV (Certificaten Van Aandelen)	358,833		5,110,068
VastNed Retail NV	153,729		7,834,682
TOTAL NETHERLANDS			24,953,338
Philippines - 0.4%
Jollibee Food Corp.	737,170		2,979,200
South Africa - 1.3%
Alexander Forbes Group Holding (a)	857,491		695,717
Clicks Group Ltd.	853,287		5,226,512
Nampak Ltd.	802,700		3,054,198
TOTAL SOUTH AFRICA			8,976,427
Spain - 1.3%
Grifols SA	55,232		2,501,273
Prosegur Compania de Seguridad SA (Reg.)	989,178		6,702,268
TOTAL SPAIN			9,203,541
Sweden - 2.7%
Fagerhult AB	473,388		9,401,606
Intrum Justitia AB	307,134		9,416,781
TOTAL SWEDEN			18,818,387
Taiwan - 0.1%
Addcn Technology Co. Ltd.	66,000		820,337
Common Stocks - continued
	Shares		Value
Turkey - 1.0%
Albaraka Turk Katilim Bankasi A/S	3,466,046		$ 2,814,504
Coca-Cola Icecek Sanayi A/S	166,362		4,173,025
TOTAL TURKEY			6,987,529
United Kingdom - 19.6%
Advanced Computer Software Group PLC	1,077,100		2,173,069
Babcock International Group PLC	139,700		2,589,694
Bellway PLC	319,072		8,139,595
Berendsen PLC	580,963		10,269,393
Britvic PLC	566,971		6,714,878
Dechra Pharmaceuticals PLC	342,500		4,013,005
Derwent London PLC	99,710		4,504,789
Elementis PLC	1,608,710		7,333,160
Great Portland Estates PLC	614,789		6,632,489
H&T Group PLC	214,353		597,122
Hilton Food Group PLC	217,188		1,738,973
Informa PLC	816,781		6,728,001
InterContinental Hotel Group PLC ADR (d)	125,931		5,086,353
ITE Group PLC	873,800		2,960,800
Johnson Matthey PLC	93,475		4,669,712
Meggitt PLC	630,590		5,413,619
Persimmon PLC	171,863		3,635,658
Rotork PLC	116,700		5,455,611
Shaftesbury PLC	667,673		7,625,727
Spectris PLC	246,178		7,930,074
Spirax-Sarco Engineering PLC	228,421		10,504,920
Ted Baker PLC	126,700		3,653,542
Ultra Electronics Holdings PLC	205,058		6,141,578
Unite Group PLC	1,504,757		10,329,597
TOTAL UNITED KINGDOM			134,841,359
United States of America - 9.5%
ANSYS, Inc. (a)	19,085		1,468,400
Autoliv, Inc.	51,100		5,084,961
Broadridge Financial Solutions, Inc.	46,905		1,893,555
Dril-Quip, Inc. (a)	37,595		3,788,448
Evercore Partners, Inc. Class A	64,700		3,530,032
Kennedy-Wilson Holdings, Inc.	249,729		5,843,659
Martin Marietta Materials, Inc.	49,020		6,089,755
Mohawk Industries, Inc. (a)	45,800		5,714,466
Oceaneering International, Inc.	40,502		2,750,491
PriceSmart, Inc.	89,599		7,373,998
Common Stocks - continued
	Shares		Value
United States of America - continued
ResMed, Inc. (d)	64,100		$ 3,316,534
Solera Holdings, Inc.	144,056		9,219,584
SS&C Technologies Holdings, Inc. (a)	197,358		8,547,575
The Rubicon Project, Inc. (d)	78,300		932,553
TOTAL UNITED STATES OF AMERICA			65,554,011
TOTAL COMMON STOCKS (Cost $488,893,006)		639,678,058
Nonconvertible Preferred Stocks - 0.8%

Germany - 0.8%
Sartorius AG (non-vtg.) (Cost $5,382,059)	47,279		5,659,187
Money Market Funds - 6.5%

Fidelity Cash Central Fund, 0.11% (b)	38,932,745		38,932,745
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	5,546,400		5,546,400
TOTAL MONEY MARKET FUNDS (Cost $44,479,145)		44,479,145
TOTAL INVESTMENT PORTFOLIO - 100.2% (Cost $538,754,210)			689,816,390
NET OTHER ASSETS (LIABILITIES) - (0.2)%			(1,428,054)
NET ASSETS - 100%		$ 688,388,336

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	$ 21,227
Fidelity Securities Lending Cash Central Fund	157,001
Total	$ 178,228

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	$ 121,571,484	$ 63,252,403	$ 58,319,081	$ -
Consumer Staples	64,244,677	31,856,071	32,388,606	-
Energy	19,808,225	17,331,952	2,476,273	-
Financials	126,754,735	106,056,792	20,697,943	-
Health Care	41,810,199	30,451,818	11,358,381	-
Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Equities:
Industrials	$ 142,228,698	$ 103,490,238	$ 38,738,460	$ -
Information Technology	56,707,025	33,994,015	22,713,010	-
Materials	72,212,202	42,352,739	29,859,463	-
Money Market Funds	44,479,145	44,479,145	-	-
Total Investments in Securities:	$ 689,816,390	$ 473,265,173	$ 216,551,217	$ -

The following is a summary of transfers between Level 1 and Level 2 for the period endedJuly 31, 2014. 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	$ 18,672,809
Level 2 to Level 1	$ 0

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® International
Value Fund:
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
International Value Fund

1.834738.108

AFIV-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.9%
	Shares		Value
Australia - 5.6%
Ansell Ltd.	52,575		$ 922,990
Australia & New Zealand Banking Group Ltd.	115,846		3,616,901
Telstra Corp. Ltd.	236,519		1,199,413
Transurban Group unit	196,204		1,408,939
Westpac Banking Corp.	152,768		4,858,031
TOTAL AUSTRALIA			12,006,274
Bailiwick of Jersey - 1.0%
Shire PLC	14,100		1,160,548
Wolseley PLC	18,472		965,527
TOTAL BAILIWICK OF JERSEY			2,126,075
Belgium - 1.5%
Anheuser-Busch InBev SA NV	10,470		1,130,056
KBC Groupe SA (a)	18,082		984,731
UCB SA	11,900		1,093,757
TOTAL BELGIUM			3,208,544
Canada - 1.0%
Imperial Oil Ltd.	20,700		1,062,196
Potash Corp. of Saskatchewan, Inc.	29,300		1,040,219
TOTAL CANADA			2,102,415
Denmark - 1.0%
A.P. Moller - Maersk A/S Series B	694		1,619,026
Vestas Wind Systems A/S (a)	13,600		615,251
TOTAL DENMARK			2,234,277
Finland - 1.0%
Sampo Oyj (A Shares)	44,434		2,213,376
France - 15.3%
Arkema SA	8,900		827,316
Atos Origin SA	20,856		1,629,833
AXA SA	89,621		2,062,920
BNP Paribas SA	47,447		3,144,928
Cap Gemini SA	25,693		1,865,740
GDF Suez	80,178		2,066,725
Havas SA	155,466		1,217,834
Orange SA	106,600		1,669,283
Renault SA	14,445		1,206,397
Sanofi SA	50,325		5,283,667
Schneider Electric SA	14,005		1,185,590
Common Stocks - continued
	Shares		Value
France - continued
Total SA	134,663		$ 8,685,053
Vivendi SA	82,083		2,063,072
TOTAL FRANCE			32,908,358
Germany - 6.8%
Allianz SE	20,883		3,476,729
BASF AG	38,729		4,026,416
Bayer AG	13,303		1,762,100
Continental AG	6,666		1,442,459
Fresenius SE & Co. KGaA	9,700		1,453,445
GEA Group AG	21,588		972,590
Siemens AG	12,462		1,539,010
TOTAL GERMANY			14,672,749
Ireland - 0.7%
Actavis PLC (a)	7,000		1,499,820
Israel - 1.0%
Teva Pharmaceutical Industries Ltd. sponsored ADR	41,099		2,198,797
Italy - 1.0%
Intesa Sanpaolo SpA	317,600		943,152
Telecom Italia SpA (a)(d)	1,065,500		1,227,768
TOTAL ITALY			2,170,920
Japan - 18.9%
AEON Mall Co. Ltd.	34,400		806,112
Astellas Pharma, Inc.	133,000		1,803,561
Dentsu, Inc.	28,500		1,128,773
East Japan Railway Co.	19,300		1,546,067
Hitachi Ltd.	228,000		1,767,183
Honda Motor Co. Ltd.	85,200		2,965,903
Hoya Corp.	55,400		1,793,773
Itochu Corp.	215,800		2,747,725
Japan Tobacco, Inc.	89,800		3,158,045
KDDI Corp.	28,200		1,621,018
Mitsubishi Electric Corp.	82,000		1,082,526
Mitsubishi UFJ Financial Group, Inc.	690,300		4,070,909
Mitsui Fudosan Co. Ltd.	30,000		990,715
Mizuho Financial Group, Inc.	1,026,300		1,992,534
Nippon Telegraph & Telephone Corp.	45,000		2,988,193
OMRON Corp.	23,200		1,028,984
ORIX Corp.	110,000		1,777,741
Seven & i Holdings Co., Ltd.	56,300		2,342,959
Common Stocks - continued
	Shares		Value
Japan - continued
Seven Bank Ltd.	257,100		$ 1,031,751
SoftBank Corp.	14,700		1,056,758
Sony Financial Holdings, Inc.	70,400		1,152,972
Sumitomo Mitsui Trust Holdings, Inc.	396,000		1,723,276
TOTAL JAPAN			40,577,478
Korea (South) - 0.8%
Hyundai Motor Co.	7,029		1,663,726
Luxembourg - 0.4%
RTL Group SA	9,339		951,035
Netherlands - 1.7%
ING Groep NV (Certificaten Van Aandelen) (a)	150,990		1,960,996
Reed Elsevier NV	27,639		622,693
Unilever NV (Certificaten Van Aandelen) (Bearer)	24,731		1,017,829
TOTAL NETHERLANDS			3,601,518
Norway - 0.9%
Statoil ASA	68,200		1,948,786
Singapore - 0.8%
Singapore Telecommunications Ltd.	502,000		1,632,757
Spain - 2.9%
Amadeus IT Holding SA Class A	29,562		1,167,757
Banco Bilbao Vizcaya Argentaria SA	204,400		2,512,629
Iberdrola SA	256,000		1,908,007
International Consolidated Airlines Group SA CDI (a)	116,564		650,998
TOTAL SPAIN			6,239,391
Sweden - 2.3%
Meda AB (A Shares)	56,100		905,154
Nordea Bank AB	204,600		2,752,440
Svenska Cellulosa AB (SCA) (B Shares)	53,065		1,311,586
TOTAL SWEDEN			4,969,180
Switzerland - 6.6%
Nestle SA	56,090		4,152,908
Novartis AG	68,352		5,946,531
Roche Holding AG (participation certificate)	4,927		1,429,844
Syngenta AG (Switzerland)	2,661		942,671
UBS AG (NY Shares)	94,358		1,620,127
TOTAL SWITZERLAND			14,092,081
Common Stocks - continued
	Shares		Value
United Kingdom - 23.7%
AstraZeneca PLC (United Kingdom)	48,282		$ 3,525,383
BAE Systems PLC	295,129		2,131,583
Barclays PLC	672,490		2,549,203
BG Group PLC	69,900		1,378,376
BHP Billiton PLC	133,199		4,543,688
BT Group PLC	224,078		1,467,017
Bunzl PLC	69,014		1,853,775
Compass Group PLC	125,839		2,055,492
GlaxoSmithKline PLC	43,839		1,056,465
HSBC Holdings PLC sponsored ADR (d)	99,942		5,335,903
Imperial Tobacco Group PLC	67,862		2,945,631
Informa PLC	142,129		1,170,747
ITV PLC	556,896		1,962,213
Jazztel PLC (a)	36,100		486,781
Liberty Global PLC Class A (a)	24,800		1,031,680
National Grid PLC	244,281		3,479,352
Next PLC	9,500		1,085,830
Prudential PLC	75,847		1,743,257
Reed Elsevier PLC	119,834		1,931,104
Royal Dutch Shell PLC Class A sponsored ADR	56,779		4,646,226
Standard Chartered PLC (United Kingdom)	40,094		833,949
Vodafone Group PLC sponsored ADR	110,858		3,682,703
TOTAL UNITED KINGDOM			50,896,358
United States of America - 2.0%
AbbVie, Inc.	29,242		1,530,526
Cabot Corp.	18,356		961,671
ResMed, Inc. CDI (d)	208,269		1,056,545
T-Mobile U.S., Inc. (a)	23,600		777,384
TOTAL UNITED STATES OF AMERICA			4,326,126
TOTAL COMMON STOCKS (Cost $197,564,126)		208,240,041
Nonconvertible Preferred Stocks - 1.1%

Germany - 1.1%
Volkswagen AG (Cost $2,275,305)	10,431		2,438,050
Money Market Funds - 4.0%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	4,701,778		$ 4,701,778
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	3,851,620		3,851,620
TOTAL MONEY MARKET FUNDS (Cost $8,553,398)		8,553,398
TOTAL INVESTMENT PORTFOLIO - 102.0% (Cost $208,392,829)			219,231,489
NET OTHER ASSETS (LIABILITIES) - (2.0)%			(4,364,326)
NET ASSETS - 100%		$ 214,867,163

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	$ 2,974
Fidelity Securities Lending Cash Central Fund	147,735
Total	$ 150,709

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	$ 22,873,936	$ 17,115,534	$ 5,758,402	$ -
Consumer Staples	16,059,014	4,257,217	11,801,797	-
Energy	17,720,637	5,708,422	12,012,215	-
Financials	54,155,282	18,948,374	35,206,908	-
Health Care	32,629,133	10,443,599	22,185,534	-
Industrials	18,318,607	9,994,340	8,324,267	-
Information Technology	9,253,270	4,663,330	4,589,940	-
Materials	12,341,981	6,855,622	5,486,359	-
Telecommunication Services	19,872,147	7,009,940	12,862,207	-
Utilities	7,454,084	3,974,732	3,479,352	-
Money Market Funds	8,553,398	8,553,398	-	-
Total Investments in Securities:	$ 219,231,489	$ 97,524,508	$ 121,706,981	$ -

Transfers	Total
Level 1 to Level 2	$ 18,553,193
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $209,376,132. Net unrealized appreciation aggregated $9,855,357, of which $19,321,141 related to appreciated investment securities and $9,465,784 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® International
Value Fund

July 31, 2014

1.834741.108

FIV-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.9%
	Shares		Value
Australia - 5.6%
Ansell Ltd.	52,575		$ 922,990
Australia & New Zealand Banking Group Ltd.	115,846		3,616,901
Telstra Corp. Ltd.	236,519		1,199,413
Transurban Group unit	196,204		1,408,939
Westpac Banking Corp.	152,768		4,858,031
TOTAL AUSTRALIA			12,006,274
Bailiwick of Jersey - 1.0%
Shire PLC	14,100		1,160,548
Wolseley PLC	18,472		965,527
TOTAL BAILIWICK OF JERSEY			2,126,075
Belgium - 1.5%
Anheuser-Busch InBev SA NV	10,470		1,130,056
KBC Groupe SA (a)	18,082		984,731
UCB SA	11,900		1,093,757
TOTAL BELGIUM			3,208,544
Canada - 1.0%
Imperial Oil Ltd.	20,700		1,062,196
Potash Corp. of Saskatchewan, Inc.	29,300		1,040,219
TOTAL CANADA			2,102,415
Denmark - 1.0%
A.P. Moller - Maersk A/S Series B	694		1,619,026
Vestas Wind Systems A/S (a)	13,600		615,251
TOTAL DENMARK			2,234,277
Finland - 1.0%
Sampo Oyj (A Shares)	44,434		2,213,376
France - 15.3%
Arkema SA	8,900		827,316
Atos Origin SA	20,856		1,629,833
AXA SA	89,621		2,062,920
BNP Paribas SA	47,447		3,144,928
Cap Gemini SA	25,693		1,865,740
GDF Suez	80,178		2,066,725
Havas SA	155,466		1,217,834
Orange SA	106,600		1,669,283
Renault SA	14,445		1,206,397
Sanofi SA	50,325		5,283,667
Schneider Electric SA	14,005		1,185,590
Common Stocks - continued
	Shares		Value
France - continued
Total SA	134,663		$ 8,685,053
Vivendi SA	82,083		2,063,072
TOTAL FRANCE			32,908,358
Germany - 6.8%
Allianz SE	20,883		3,476,729
BASF AG	38,729		4,026,416
Bayer AG	13,303		1,762,100
Continental AG	6,666		1,442,459
Fresenius SE & Co. KGaA	9,700		1,453,445
GEA Group AG	21,588		972,590
Siemens AG	12,462		1,539,010
TOTAL GERMANY			14,672,749
Ireland - 0.7%
Actavis PLC (a)	7,000		1,499,820
Israel - 1.0%
Teva Pharmaceutical Industries Ltd. sponsored ADR	41,099		2,198,797
Italy - 1.0%
Intesa Sanpaolo SpA	317,600		943,152
Telecom Italia SpA (a)(d)	1,065,500		1,227,768
TOTAL ITALY			2,170,920
Japan - 18.9%
AEON Mall Co. Ltd.	34,400		806,112
Astellas Pharma, Inc.	133,000		1,803,561
Dentsu, Inc.	28,500		1,128,773
East Japan Railway Co.	19,300		1,546,067
Hitachi Ltd.	228,000		1,767,183
Honda Motor Co. Ltd.	85,200		2,965,903
Hoya Corp.	55,400		1,793,773
Itochu Corp.	215,800		2,747,725
Japan Tobacco, Inc.	89,800		3,158,045
KDDI Corp.	28,200		1,621,018
Mitsubishi Electric Corp.	82,000		1,082,526
Mitsubishi UFJ Financial Group, Inc.	690,300		4,070,909
Mitsui Fudosan Co. Ltd.	30,000		990,715
Mizuho Financial Group, Inc.	1,026,300		1,992,534
Nippon Telegraph & Telephone Corp.	45,000		2,988,193
OMRON Corp.	23,200		1,028,984
ORIX Corp.	110,000		1,777,741
Seven & i Holdings Co., Ltd.	56,300		2,342,959
Common Stocks - continued
	Shares		Value
Japan - continued
Seven Bank Ltd.	257,100		$ 1,031,751
SoftBank Corp.	14,700		1,056,758
Sony Financial Holdings, Inc.	70,400		1,152,972
Sumitomo Mitsui Trust Holdings, Inc.	396,000		1,723,276
TOTAL JAPAN			40,577,478
Korea (South) - 0.8%
Hyundai Motor Co.	7,029		1,663,726
Luxembourg - 0.4%
RTL Group SA	9,339		951,035
Netherlands - 1.7%
ING Groep NV (Certificaten Van Aandelen) (a)	150,990		1,960,996
Reed Elsevier NV	27,639		622,693
Unilever NV (Certificaten Van Aandelen) (Bearer)	24,731		1,017,829
TOTAL NETHERLANDS			3,601,518
Norway - 0.9%
Statoil ASA	68,200		1,948,786
Singapore - 0.8%
Singapore Telecommunications Ltd.	502,000		1,632,757
Spain - 2.9%
Amadeus IT Holding SA Class A	29,562		1,167,757
Banco Bilbao Vizcaya Argentaria SA	204,400		2,512,629
Iberdrola SA	256,000		1,908,007
International Consolidated Airlines Group SA CDI (a)	116,564		650,998
TOTAL SPAIN			6,239,391
Sweden - 2.3%
Meda AB (A Shares)	56,100		905,154
Nordea Bank AB	204,600		2,752,440
Svenska Cellulosa AB (SCA) (B Shares)	53,065		1,311,586
TOTAL SWEDEN			4,969,180
Switzerland - 6.6%
Nestle SA	56,090		4,152,908
Novartis AG	68,352		5,946,531
Roche Holding AG (participation certificate)	4,927		1,429,844
Syngenta AG (Switzerland)	2,661		942,671
UBS AG (NY Shares)	94,358		1,620,127
TOTAL SWITZERLAND			14,092,081
Common Stocks - continued
	Shares		Value
United Kingdom - 23.7%
AstraZeneca PLC (United Kingdom)	48,282		$ 3,525,383
BAE Systems PLC	295,129		2,131,583
Barclays PLC	672,490		2,549,203
BG Group PLC	69,900		1,378,376
BHP Billiton PLC	133,199		4,543,688
BT Group PLC	224,078		1,467,017
Bunzl PLC	69,014		1,853,775
Compass Group PLC	125,839		2,055,492
GlaxoSmithKline PLC	43,839		1,056,465
HSBC Holdings PLC sponsored ADR (d)	99,942		5,335,903
Imperial Tobacco Group PLC	67,862		2,945,631
Informa PLC	142,129		1,170,747
ITV PLC	556,896		1,962,213
Jazztel PLC (a)	36,100		486,781
Liberty Global PLC Class A (a)	24,800		1,031,680
National Grid PLC	244,281		3,479,352
Next PLC	9,500		1,085,830
Prudential PLC	75,847		1,743,257
Reed Elsevier PLC	119,834		1,931,104
Royal Dutch Shell PLC Class A sponsored ADR	56,779		4,646,226
Standard Chartered PLC (United Kingdom)	40,094		833,949
Vodafone Group PLC sponsored ADR	110,858		3,682,703
TOTAL UNITED KINGDOM			50,896,358
United States of America - 2.0%
AbbVie, Inc.	29,242		1,530,526
Cabot Corp.	18,356		961,671
ResMed, Inc. CDI (d)	208,269		1,056,545
T-Mobile U.S., Inc. (a)	23,600		777,384
TOTAL UNITED STATES OF AMERICA			4,326,126
TOTAL COMMON STOCKS (Cost $197,564,126)		208,240,041
Nonconvertible Preferred Stocks - 1.1%

Germany - 1.1%
Volkswagen AG (Cost $2,275,305)	10,431		2,438,050
Money Market Funds - 4.0%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	4,701,778		$ 4,701,778
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	3,851,620		3,851,620
TOTAL MONEY MARKET FUNDS (Cost $8,553,398)		8,553,398
TOTAL INVESTMENT PORTFOLIO - 102.0% (Cost $208,392,829)			219,231,489
NET OTHER ASSETS (LIABILITIES) - (2.0)%			(4,364,326)
NET ASSETS - 100%		$ 214,867,163

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	$ 2,974
Fidelity Securities Lending Cash Central Fund	147,735
Total	$ 150,709

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	$ 22,873,936	$ 17,115,534	$ 5,758,402	$ -
Consumer Staples	16,059,014	4,257,217	11,801,797	-
Energy	17,720,637	5,708,422	12,012,215	-
Financials	54,155,282	18,948,374	35,206,908	-
Health Care	32,629,133	10,443,599	22,185,534	-
Industrials	18,318,607	9,994,340	8,324,267	-
Information Technology	9,253,270	4,663,330	4,589,940	-
Materials	12,341,981	6,855,622	5,486,359	-
Telecommunication Services	19,872,147	7,009,940	12,862,207	-
Utilities	7,454,084	3,974,732	3,479,352	-
Money Market Funds	8,553,398	8,553,398	-	-
Total Investments in Securities:	$ 219,231,489	$ 97,524,508	$ 121,706,981	$ -

Transfers	Total
Level 1 to Level 2	$ 18,553,193
Level 2 to Level 1	$ 0

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Japan Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C
and Institutional Class are classes of
Fidelity® Japan Fund

1.917404.103

AJPNA-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%
	Shares		Value
CONSUMER DISCRETIONARY - 21.9%
Auto Components - 2.3%
Bridgestone Corp.	240,300		$ 8,672,515
Takata Corp.	141,200		2,808,956
			11,481,471
Automobiles - 10.1%
Honda Motor Co. Ltd.	557,800		19,417,617
Mazda Motor Corp.	326,600		7,847,310
Suzuki Motor Corp.	383,000		12,780,715
Toyota Motor Corp.	176,800		10,438,282
			50,483,924
Household Durables - 1.0%
Iida Group Holdings Co. Ltd.	339,400		5,056,963
Internet & Catalog Retail - 4.0%
Rakuten, Inc.	1,496,900		19,658,752
Leisure Products - 0.8%
Sega Sammy Holdings, Inc.	213,800		4,229,285
Media - 0.7%
Fuji Media Holdings, Inc.	221,700		3,540,604
Multiline Retail - 3.0%
Don Quijote Holdings Co. Ltd.	139,300		7,526,923
Ryohin Keikaku Co. Ltd.	60,100		7,253,507
			14,780,430
TOTAL CONSUMER DISCRETIONARY			109,231,429
CONSUMER STAPLES - 7.5%
Food & Staples Retailing - 1.7%
Seven & i Holdings Co., Ltd.	199,100		8,285,668
Tobacco - 5.8%
Japan Tobacco, Inc.	821,300		28,883,103
TOTAL CONSUMER STAPLES			37,168,771
ENERGY - 1.8%
Energy Equipment & Services - 0.6%
Modec, Inc. (d)	114,400		2,860,588
Oil, Gas & Consumable Fuels - 1.2%
INPEX Corp.	395,700		5,864,534
TOTAL ENERGY			8,725,122
FINANCIALS - 18.5%
Banks - 5.8%
Mitsubishi UFJ Financial Group, Inc.	3,069,200		18,100,005
Mizuho Financial Group, Inc.	4,880,700		9,475,747
Shinsei Bank Ltd.	753,000		1,592,238
			29,167,990
Capital Markets - 0.8%
Monex Group, Inc.	1,190,400		3,824,267

	Shares		Value
Consumer Finance - 1.0%
ACOM Co. Ltd. (a)(d)	1,246,300		$ 4,907,301
Diversified Financial Services - 4.0%
Japan Exchange Group, Inc.	255,300		5,808,452
ORIX Corp.	860,800		13,911,632
			19,720,084
Insurance - 2.1%
Tokio Marine Holdings, Inc.	341,500		10,739,075
Real Estate Investment Trusts - 0.1%
Kenedix Residential Investment Corp.	219		510,368
Real Estate Management & Development - 4.7%
AEON Mall Co. Ltd.	282,700		6,624,649
Mitsui Fudosan Co. Ltd.	507,000		16,743,076
			23,367,725
TOTAL FINANCIALS			92,236,810
HEALTH CARE - 7.5%
Health Care Providers & Services - 2.9%
Message Co. Ltd.	243,700		9,512,384
Miraca Holdings, Inc.	104,100		4,817,741
			14,330,125
Pharmaceuticals - 4.6%
Astellas Pharma, Inc.	1,679,000		22,768,256
TOTAL HEALTH CARE			37,098,381
INDUSTRIALS - 16.6%
Construction & Engineering - 1.2%
Toshiba Plant Systems & Services Corp.	386,100		6,123,315
Electrical Equipment - 3.2%
Mitsubishi Electric Corp.	641,000		8,462,184
Sumitomo Electric Industries Ltd.	505,100		7,403,497
			15,865,681
Machinery - 3.3%
Komatsu Ltd.	358,700		7,955,001
Makita Corp.	142,400		8,422,534
			16,377,535
Road & Rail - 4.2%
East Japan Railway Co.	262,400		21,020,100
Trading Companies & Distributors - 4.7%
Mitsui & Co. Ltd.	985,900		15,811,271
Sumitomo Corp.	571,000		7,524,671
			23,335,942
TOTAL INDUSTRIALS			82,722,573
INFORMATION TECHNOLOGY - 12.3%
Electronic Equipment & Components - 9.2%
Azbil Corp.	207,200		5,213,507
Hitachi Ltd.	1,616,000		12,525,297
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Hoya Corp.	599,300		$ 19,404,474
Shimadzu Corp.	902,000		8,633,652
			45,776,930
Internet Software & Services - 2.7%
Kakaku.com, Inc.	627,200		10,614,747
NAVER Corp.	4,267		3,046,393
			13,661,140
Technology Hardware, Storage & Peripherals - 0.4%
Wacom Co. Ltd. (d)	409,400		1,877,024
TOTAL INFORMATION TECHNOLOGY			61,315,094
MATERIALS - 3.8%
Chemicals - 2.7%
JSR Corp.	289,800		4,996,723
Shin-Etsu Chemical Co., Ltd.	134,800		8,550,120
			13,546,843
Metals & Mining - 1.1%
Nippon Steel & Sumitomo Metal Corp.	1,777,000		5,365,940
TOTAL MATERIALS			18,912,783
TELECOMMUNICATION SERVICES - 8.4%
Diversified Telecommunication Services - 2.4%
Nippon Telegraph & Telephone Corp.	180,400		11,979,336
Wireless Telecommunication Services - 6.0%
KDDI Corp.	252,800		14,531,683
SoftBank Corp.	212,300		15,261,879
			29,793,562
TOTAL TELECOMMUNICATION SERVICES			41,772,898

	Shares		Value
UTILITIES - 1.6%
Electric Utilities - 1.6%
Kansai Electric Power Co., Inc. (a)	867,400		$ 7,922,974
TOTAL COMMON STOCKS (Cost $477,516,873)		497,106,835
Money Market Funds - 1.7%

Fidelity Cash Central Fund, 0.11% (b)	2,521,737		2,521,737
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	6,239,635		6,239,635
TOTAL MONEY MARKET FUNDS (Cost $8,761,372)		8,761,372
TOTAL INVESTMENT PORTFOLIO - 101.6% (Cost $486,278,245)			505,868,207
NET OTHER ASSETS (LIABILITIES) - (1.6)%			(8,159,032)
NET ASSETS - 100%		$ 497,709,175

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	$ 2,896
Fidelity Securities Lending Cash Central Fund	34,018
Total	$ 36,914

Other Information

The following is a summary of the inputs used, as of July 31, 2014, 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	$ 109,231,429	$ -	$ 109,231,429	$ -
Consumer Staples	37,168,771	-	37,168,771	-
Energy	8,725,122	-	8,725,122	-
Financials	92,236,810	510,368	91,726,442	-
Health Care	37,098,381	-	37,098,381	-
Industrials	82,722,573	-	82,722,573	-
Information Technology	61,315,094	-	61,315,094	-
Materials	18,912,783	-	18,912,783	-
Telecommunication Services	41,772,898	-	41,772,898	-
Utilities	7,922,974	-	7,922,974	-
Money Market Funds	8,761,372	8,761,372	-	-
Total Investments in Securities:	$ 505,868,207	$ 9,271,740	$ 496,596,467	$ -

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $492,691,125. Net unrealized appreciation aggregated $13,177,082, of which $32,726,661 related to appreciated investment securities and $19,549,579 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

July 31, 2014

1.804854.110

JPN-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%
	Shares		Value
CONSUMER DISCRETIONARY - 21.9%
Auto Components - 2.3%
Bridgestone Corp.	240,300		$ 8,672,515
Takata Corp.	141,200		2,808,956
			11,481,471
Automobiles - 10.1%
Honda Motor Co. Ltd.	557,800		19,417,617
Mazda Motor Corp.	326,600		7,847,310
Suzuki Motor Corp.	383,000		12,780,715
Toyota Motor Corp.	176,800		10,438,282
			50,483,924
Household Durables - 1.0%
Iida Group Holdings Co. Ltd.	339,400		5,056,963
Internet & Catalog Retail - 4.0%
Rakuten, Inc.	1,496,900		19,658,752
Leisure Products - 0.8%
Sega Sammy Holdings, Inc.	213,800		4,229,285
Media - 0.7%
Fuji Media Holdings, Inc.	221,700		3,540,604
Multiline Retail - 3.0%
Don Quijote Holdings Co. Ltd.	139,300		7,526,923
Ryohin Keikaku Co. Ltd.	60,100		7,253,507
			14,780,430
TOTAL CONSUMER DISCRETIONARY			109,231,429
CONSUMER STAPLES - 7.5%
Food & Staples Retailing - 1.7%
Seven & i Holdings Co., Ltd.	199,100		8,285,668
Tobacco - 5.8%
Japan Tobacco, Inc.	821,300		28,883,103
TOTAL CONSUMER STAPLES			37,168,771
ENERGY - 1.8%
Energy Equipment & Services - 0.6%
Modec, Inc. (d)	114,400		2,860,588
Oil, Gas & Consumable Fuels - 1.2%
INPEX Corp.	395,700		5,864,534
TOTAL ENERGY			8,725,122
FINANCIALS - 18.5%
Banks - 5.8%
Mitsubishi UFJ Financial Group, Inc.	3,069,200		18,100,005
Mizuho Financial Group, Inc.	4,880,700		9,475,747
Shinsei Bank Ltd.	753,000		1,592,238
			29,167,990
Capital Markets - 0.8%
Monex Group, Inc.	1,190,400		3,824,267

	Shares		Value
Consumer Finance - 1.0%
ACOM Co. Ltd. (a)(d)	1,246,300		$ 4,907,301
Diversified Financial Services - 4.0%
Japan Exchange Group, Inc.	255,300		5,808,452
ORIX Corp.	860,800		13,911,632
			19,720,084
Insurance - 2.1%
Tokio Marine Holdings, Inc.	341,500		10,739,075
Real Estate Investment Trusts - 0.1%
Kenedix Residential Investment Corp.	219		510,368
Real Estate Management & Development - 4.7%
AEON Mall Co. Ltd.	282,700		6,624,649
Mitsui Fudosan Co. Ltd.	507,000		16,743,076
			23,367,725
TOTAL FINANCIALS			92,236,810
HEALTH CARE - 7.5%
Health Care Providers & Services - 2.9%
Message Co. Ltd.	243,700		9,512,384
Miraca Holdings, Inc.	104,100		4,817,741
			14,330,125
Pharmaceuticals - 4.6%
Astellas Pharma, Inc.	1,679,000		22,768,256
TOTAL HEALTH CARE			37,098,381
INDUSTRIALS - 16.6%
Construction & Engineering - 1.2%
Toshiba Plant Systems & Services Corp.	386,100		6,123,315
Electrical Equipment - 3.2%
Mitsubishi Electric Corp.	641,000		8,462,184
Sumitomo Electric Industries Ltd.	505,100		7,403,497
			15,865,681
Machinery - 3.3%
Komatsu Ltd.	358,700		7,955,001
Makita Corp.	142,400		8,422,534
			16,377,535
Road & Rail - 4.2%
East Japan Railway Co.	262,400		21,020,100
Trading Companies & Distributors - 4.7%
Mitsui & Co. Ltd.	985,900		15,811,271
Sumitomo Corp.	571,000		7,524,671
			23,335,942
TOTAL INDUSTRIALS			82,722,573
INFORMATION TECHNOLOGY - 12.3%
Electronic Equipment & Components - 9.2%
Azbil Corp.	207,200		5,213,507
Hitachi Ltd.	1,616,000		12,525,297
Common Stocks - continued
	Shares		Value
INFORMATION TECHNOLOGY - continued
Electronic Equipment & Components - continued
Hoya Corp.	599,300		$ 19,404,474
Shimadzu Corp.	902,000		8,633,652
			45,776,930
Internet Software & Services - 2.7%
Kakaku.com, Inc.	627,200		10,614,747
NAVER Corp.	4,267		3,046,393
			13,661,140
Technology Hardware, Storage & Peripherals - 0.4%
Wacom Co. Ltd. (d)	409,400		1,877,024
TOTAL INFORMATION TECHNOLOGY			61,315,094
MATERIALS - 3.8%
Chemicals - 2.7%
JSR Corp.	289,800		4,996,723
Shin-Etsu Chemical Co., Ltd.	134,800		8,550,120
			13,546,843
Metals & Mining - 1.1%
Nippon Steel & Sumitomo Metal Corp.	1,777,000		5,365,940
TOTAL MATERIALS			18,912,783
TELECOMMUNICATION SERVICES - 8.4%
Diversified Telecommunication Services - 2.4%
Nippon Telegraph & Telephone Corp.	180,400		11,979,336
Wireless Telecommunication Services - 6.0%
KDDI Corp.	252,800		14,531,683
SoftBank Corp.	212,300		15,261,879
			29,793,562
TOTAL TELECOMMUNICATION SERVICES			41,772,898

	Shares		Value
UTILITIES - 1.6%
Electric Utilities - 1.6%
Kansai Electric Power Co., Inc. (a)	867,400		$ 7,922,974
TOTAL COMMON STOCKS (Cost $477,516,873)		497,106,835
Money Market Funds - 1.7%

Fidelity Cash Central Fund, 0.11% (b)	2,521,737		2,521,737
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	6,239,635		6,239,635
TOTAL MONEY MARKET FUNDS (Cost $8,761,372)		8,761,372
TOTAL INVESTMENT PORTFOLIO - 101.6% (Cost $486,278,245)			505,868,207
NET OTHER ASSETS (LIABILITIES) - (1.6)%			(8,159,032)
NET ASSETS - 100%		$ 497,709,175

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	$ 2,896
Fidelity Securities Lending Cash Central Fund	34,018
Total	$ 36,914

Other Information

The following is a summary of the inputs used, as of July 31, 2014, 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	$ 109,231,429	$ -	$ 109,231,429	$ -
Consumer Staples	37,168,771	-	37,168,771	-
Energy	8,725,122	-	8,725,122	-
Financials	92,236,810	510,368	91,726,442	-
Health Care	37,098,381	-	37,098,381	-
Industrials	82,722,573	-	82,722,573	-
Information Technology	61,315,094	-	61,315,094	-
Materials	18,912,783	-	18,912,783	-
Telecommunication Services	41,772,898	-	41,772,898	-
Utilities	7,922,974	-	7,922,974	-
Money Market Funds	8,761,372	8,761,372	-	-
Total Investments in Securities:	$ 505,868,207	$ 9,271,740	$ 496,596,467	$ -

Income Tax Information

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

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 ® Japan Smaller Companies Fund

July 31, 2014

1.804823.110

JSC-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%
	Shares		Value
CONSUMER DISCRETIONARY - 23.2%
Auto Components - 3.6%
Kinugawa Rubber Industrial Co. Ltd.	1,177,000		$ 6,299,230
NHK Spring Co. Ltd.	553,600		5,421,422
Sumitomo Rubber Industries Ltd.	357,800		5,182,484
			16,903,136
Automobiles - 1.3%
Daihatsu Motor Co. Ltd.	354,300		6,288,856
Distributors - 1.2%
Central Automotive Products Ltd.	382,000		2,712,418
Chori Co. Ltd.	222,800		2,815,474
			5,527,892
Diversified Consumer Services - 1.1%
Asante, Inc.	415,400		5,324,435
Hotels, Restaurants & Leisure - 3.1%
BRONCO BILLY Co. Ltd.	110,200		4,018,818
Koshidaka Holdings Co. Ltd.	140,300		5,544,314
St. Marc Holdings Co. Ltd.	90,800		4,952,423
			14,515,555
Household Durables - 1.2%
Higashi Nihon House Co. Ltd.	1,159,600		5,803,425
Leisure Products - 0.6%
KAWAI Musical Instruments Manufacturing Co. Ltd.	1,358,000		2,689,898
Media - 2.1%
Daiichikosho Co. Ltd.	242,500		7,193,464
Proto Corp.	173,400		2,500,262
			9,693,726
Specialty Retail - 7.9%
Arc Land Sakamoto Co. Ltd.	119,500		2,646,521
Asahi Co. Ltd.	360,400		4,827,658
Fuji Corp.	224,200		2,688,144
K's Denki Corp.	162,600		4,648,628
Nitori Holdings Co. Ltd.	110,800		6,223,728
Pal Co. Ltd.	205,500		5,805,804
Shimamura Co. Ltd.	49,800		4,938,616
VT Holdings Co. Ltd.	905,100		4,853,177
			36,632,276
Textiles, Apparel & Luxury Goods - 1.1%
Descente Ltd.	525,000		4,560,479
Jichodo Co. Ltd.	40,000		427,409
			4,987,888
TOTAL CONSUMER DISCRETIONARY			108,367,087
CONSUMER STAPLES - 7.0%
Beverages - 1.7%
Kirin Holdings Co. Ltd.	207,300		2,905,777
Oenon Holdings, Inc.	2,156,000		5,124,735
			8,030,512

	Shares		Value
Food & Staples Retailing - 3.2%
Kato Sangyo	255,800		$ 5,686,506
Mitsubishi Shokuhin Co. Ltd.	120,800		2,940,913
San-A Co. Ltd.	96,100		3,118,413
Sogo Medical Co. Ltd.	66,400		3,232,485
			14,978,317
Food Products - 1.9%
Kotobuki Spirits Co. Ltd.	138,800		3,143,015
Rokko Butter Co. Ltd.	229,100		1,981,477
Toyo Suisan Kaisha Ltd.	114,000		3,457,868
			8,582,360
Tobacco - 0.2%
Japan Tobacco, Inc.	26,800		942,490
TOTAL CONSUMER STAPLES			32,533,679
ENERGY - 1.7%
Energy Equipment & Services - 0.8%
Shinko Plantech Co. Ltd.	497,100		3,741,176
Oil, Gas & Consumable Fuels - 0.9%
San-Ai Oil Co. Ltd.	532,000		4,041,035
TOTAL ENERGY			7,782,211
FINANCIALS - 9.6%
Banks - 2.4%
Fukuoka Financial Group, Inc.	1,596,000		8,164,703
Sumitomo Mitsui Financial Group, Inc.	71,900		2,930,966
			11,095,669
Capital Markets - 0.8%
Kyokuto Securities Co. Ltd.	210,400		3,587,379
Consumer Finance - 1.0%
ACOM Co. Ltd. (a)	1,179,700		4,645,064
Diversified Financial Services - 1.4%
Fuyo General Lease Co. Ltd.	169,500		6,806,843
Insurance - 1.3%
Tokio Marine Holdings, Inc.	201,400		6,333,381
Real Estate Management & Development - 2.7%
Daito Trust Construction Co. Ltd.	56,300		6,785,617
Leopalace21 Corp. (a)	1,288,200		5,734,863
			12,520,480
TOTAL FINANCIALS			44,988,816
HEALTH CARE - 5.0%
Health Care Equipment & Supplies - 1.7%
Fukuda Denshi Co. Ltd.	65,900		3,754,075
Nagaileben Co. Ltd.	138,800		2,798,994
Paramount Bed Holdings Co. Ltd.	48,400		1,442,867
			7,995,936
Health Care Providers & Services - 2.4%
A/S One Corp.	73,100		2,192,874
Common Stocks - continued
	Shares		Value
HEALTH CARE - continued
Health Care Providers & Services - continued
Miraca Holdings, Inc.	131,100		$ 6,067,299
Uchiyama Holdings Co. Ltd.	424,100		2,812,437
			11,072,610
Pharmaceuticals - 0.9%
Astellas Pharma, Inc.	309,700		4,199,719
TOTAL HEALTH CARE			23,268,265
INDUSTRIALS - 22.3%
Building Products - 2.8%
Bunka Shutter Co. Ltd.	521,000		4,446,488
Sekisui Jushi Corp.	324,200		4,418,570
Shinko Kogyo Co. Ltd.	386,200		4,325,202
			13,190,260
Commercial Services & Supplies - 4.7%
Aeon Delight Co. Ltd.	269,300		6,432,944
Asia Securities Printing Co. Ltd.	379,800		2,927,931
Mitsubishi Pencil Co. Ltd.	23,100		733,168
Moshi Moshi Hotline, Inc.	538,500		5,254,719
Nac Co. Ltd.	471,900		6,519,381
			21,868,143
Construction & Engineering - 2.2%
Nippon Koei Co. Ltd. (a)	965,000		5,119,984
Toshiba Plant Systems & Services Corp.	326,600		5,179,680
			10,299,664
Machinery - 4.0%
Daiwa Industries Ltd.	409,000		2,846,749
Hoshizaki Electric Co. Ltd.	82,800		4,215,723
Komatsu Ltd.	250,400		5,553,198
Oiles Corp.	236,900		5,901,008
			18,516,678
Professional Services - 4.2%
en-japan, Inc.	140,800		3,094,983
Eri Holdings Co. Ltd. (e)	452,300		4,951,462
Meitec Corp.	90,900		2,997,023
TFP Consulting Group Co. Ltd.	141,000		3,875,835
Weathernews, Inc.	156,600		4,759,676
			19,678,979
Trading Companies & Distributors - 3.5%
Mitani Shoji Co. Ltd.	324,100		9,011,251
Yamazen Co. Ltd.	905,900		7,173,480
			16,184,731
Transportation Infrastructure - 0.9%
Kamigumi Co. Ltd.	445,000		4,256,055
TOTAL INDUSTRIALS			103,994,510

	Shares		Value
INFORMATION TECHNOLOGY - 14.9%
Electronic Equipment & Components - 6.8%
Amano Corp.	495,600		$ 5,761,059
Kanematsu Electric Ltd.	196,300		2,716,574
Macnica, Inc.	180,400		5,922,022
OMRON Corp.	147,700		6,550,900
Ryoyo Electro Corp.	470,300		5,213,824
Siix Corp.	305,000		5,649,957
			31,814,336
IT Services - 2.8%
CAC Corp.	471,800		5,320,954
OBIC Co. Ltd.	100,700		3,574,778
Saison Information Systems Co. Ltd.	97,800		1,302,708
TKC Corp.	145,500		3,077,820
			13,276,260
Software - 2.8%
Broadleaf Co. Ltd.	209,000		3,937,873
Oracle Corp. Japan	74,500		3,156,522
SRA Holdings, Inc.	343,800		5,865,765
			12,960,160
Technology Hardware, Storage & Peripherals - 2.5%
Elecom Co. Ltd.	265,100		6,766,244
Wacom Co. Ltd. (d)	1,035,000		4,745,285
			11,511,529
TOTAL INFORMATION TECHNOLOGY			69,562,285
MATERIALS - 10.6%
Chemicals - 9.2%
C. Uyemura & Co. Ltd.	110,500		6,040,745
JSR Corp.	444,200		7,658,884
Kuraray Co. Ltd.	575,700		7,540,811
Lintec Corp.	362,200		7,389,973
Sakata INX Corp.	552,000		5,414,254
SK Kaken Co. Ltd.	40,000		3,375,298
Tokyo Ohka Kogyo Co. Ltd.	231,200		5,534,807
			42,954,772
Containers & Packaging - 1.4%
FP Corp.	95,600		3,243,891
Fuji Seal International, Inc.	104,900		3,059,110
			6,303,001
TOTAL MATERIALS			49,257,773
TELECOMMUNICATION SERVICES - 0.5%
Wireless Telecommunication Services - 0.5%
KDDI Corp.	39,800		2,287,820
Common Stocks - continued
	Shares		Value
UTILITIES - 3.3%
Electric Utilities - 1.9%
Hokuriku Electric Power Co., Inc.	253,400		$ 3,281,684
The Okinawa Electric Power Co., Inc.	172,700		5,537,737
			8,819,421
Gas Utilities - 1.4%
Tokyo Gas Co. Ltd.	1,186,000		6,775,259
TOTAL UTILITIES			15,594,680
TOTAL COMMON STOCKS (Cost $418,112,814)		457,637,126
Money Market Funds - 2.6%

Fidelity Cash Central Fund, 0.11% (b)	8,398,766		8,398,766
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	3,773,000		3,773,000
TOTAL MONEY MARKET FUNDS (Cost $12,171,766)		12,171,766
TOTAL INVESTMENT PORTFOLIO - 100.7% (Cost $430,284,580)			469,808,892
NET OTHER ASSETS (LIABILITIES) - (0.7)%			(3,233,434)
NET ASSETS - 100%		$ 466,575,458

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	$ 5,397
Fidelity Securities Lending Cash Central Fund	38,628
Total	$ 44,025

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Eri Holdings Co. Ltd.	$ -	$ 5,161,585	$ -	$ 48,849	$ 4,951,462

Other Information

The following is a summary of the inputs used, as of July 31, 2014, 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	$ 108,367,087	$ -	$ 108,367,087	$ -
Consumer Staples	32,533,679	-	32,533,679	-
Energy	7,782,211	-	7,782,211	-
Financials	44,988,816	-	44,988,816	-
Health Care	23,268,265	-	23,268,265	-
Industrials	103,994,510	-	103,994,510	-
Information Technology	69,562,285	-	69,562,285	-
Materials	49,257,773	-	49,257,773	-
Telecommunication Services	2,287,820	-	2,287,820	-
Utilities	15,594,680	-	15,594,680	-
Money Market Funds	12,171,766	12,171,766	-	-
Total Investments in Securities:	$ 469,808,892	$ 12,171,766	$ 457,637,126	$ -

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 - Consumer Discretionary
Beginning Balance	$ 10,784,013
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	(3,713,888)
Cost of Purchases	-
Proceeds of Sales	(7,070,125)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2014	$ -
Equities - Financials
Beginning Balance	$ 4,925,894
Net Realized Gain (Loss) on Investment Securities	-
Net Unrealized Gain (Loss) on Investment Securities	(2,414,314)
Cost of Purchases	-
Proceeds of Sales	(2,511,580)
Amortization/Accretion	-
Transfers into Level 3	-
Transfers out of Level 3	-
Ending Balance	$ -
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2014	$ -

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 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 July 31, 2014, the cost of investment securities for income tax purposes was $430,333,838. Net unrealized appreciation aggregated $39,475,054, of which $50,949,603 related to appreciated investment securities and $11,474,549 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

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 Advisor®
Latin America Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C
and Institutional Class are classes of
Fidelity® Latin America Fund

1.917416.103

FALAA-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 67.4%
	Shares		Value
Belgium - 0.2%
Euronav NV (a)	191,600		$ 2,329,583
Brazil - 18.5%
Banco Bradesco SA	368,800		5,751,248
BB Seguridade Participacoes SA	1,273,300		18,576,851
BTG Pactual Participations Ltd. unit	1,034,500		16,123,381
CCR SA	2,030,900		15,969,700
Cielo SA	1,086,700		19,877,928
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)	1,038,200		9,193,361
Cyrela Brazil Realty SA	478,500		2,651,127
Embraer SA	153,400		1,457,089
Estacio Participacoes SA	1,248,000		15,484,826
Fleury SA	1,276,400		8,394,000
Hypermarcas SA (a)	1,554,700		12,396,484
Industrias Romi SA	2,283,000		3,914,433
M. Dias Branco SA	247,000		10,130,402
Multiplus SA	817,100		11,931,911
Petroleo Brasileiro SA - Petrobras (ON)	995,328		7,892,430
QGEP Participacoes SA	1,446,600		5,987,250
Souza Cruz SA	1,859,300		17,259,221
TIM Participacoes SA	2,167,695		11,484,603
Tractebel Energia SA	574,375		8,605,182
Vale SA	182,000		2,611,174
Vale SA sponsored ADR (d)	550,493		7,899,575
TOTAL BRAZIL			213,592,176
Canada - 0.3%
Pacific Rubiales Energy Corp.	209,500		4,006,122
Chile - 9.7%
Aguas Andinas SA	8,507,449		5,383,654
Banco de Chile	68,264,691		8,486,097
Banco de Chile sponsored ADR	118,737		8,889,839
Banco Santander Chile sponsored ADR (d)	422,409		10,741,861
CAP SA	385,942		5,229,510
Compania Cervecerias Unidas SA	2,040,888		22,942,731
Empresa Nacional de Telecomunicaciones SA (ENTEL)	1,875,180		22,779,620
Forus SA	82,936		377,035
Inversiones La Construccion SA	1,005,026		12,070,221
LATAM Airlines Group SA (a)	351,316		4,133,274
LATAM Airlines Group SA sponsored ADR (a)(d)	463,612		5,433,533
Sociedad Matriz SAAM SA	59,433,277		4,987,146
TOTAL CHILE			111,454,521
Colombia - 9.5%
BanColombia SA	440,537		6,642,989
BanColombia SA sponsored ADR	66,500		4,150,265
Bolsa de Valores de Colombia	640,899,506		8,503,232
Cemex Latam Holdings SA (a)	798,410		7,870,321

	Shares		Value
Ecopetrol SA	3,832,722		$ 6,494,253
Empresa de Telecomunicaciones de Bogota	40,499,952		10,941,005
Grupo Aval Acciones y Valores SA	2,710,997		1,993,439
Grupo de Inversiones Suramerica SA	1,508,169		33,590,852
Inversiones Argos SA	2,470,914		29,992,045
TOTAL COLOMBIA			110,178,401
Mexico - 21.5%
America Movil S.A.B. de CV:
Series L	5,132,700		6,052,859
Series L sponsored ADR	2,412,973		56,873,774
Bolsa Mexicana de Valores S.A.B. de CV	549,400		1,121,241
CEMEX S.A.B. de CV sponsored ADR (d)	279,491		3,510,407
Consorcio ARA S.A.B. de CV (a)	25,539,905		11,630,123
Controladora Commercial Mexicana S.A.B. de CV unit	487,128		1,794,488
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	353,205		33,162,417
Gruma S.A.B. de CV Series B (a)	461,509		5,050,766
Grupo Aeroportuario del Pacifico SA de CV:
Series B	43,100		289,474
sponsored ADR	117,200		7,889,904
Grupo Financiero Inbursa S.A.B. de CV Series O	10,364,719		31,564,568
Grupo Financiero Santander Mexico S.A.B. de CV (d)	7,938,455		21,071,134
Grupo Televisa SA de CV (CPO) sponsored ADR	235,400		8,377,886
Industrias Penoles SA de CV	458,988		11,471,228
Infraestructura Energetica Nova S.A.B. de CV	864,400		4,877,779
Medica Sur SA de CV	833,634		3,110,678
Megacable Holdings S.A.B. de CV unit	2,130,329		9,146,556
Qualitas Controladora S.A.B. de CV	2,550,000		6,915,091
Wal-Mart de Mexico SA de CV Series V	9,560,548		23,720,573
TOTAL MEXICO			247,630,946
Panama - 0.9%
Banco Latinoamericano de Comercio Exterior SA Series E	334,270		9,924,476
Peru - 3.5%
Alicorp SA Class C	3,942,578		11,753,133
Compania de Minas Buenaventura SA sponsored ADR	2,430,136		28,456,893
TOTAL PERU			40,210,026
Puerto Rico - 0.6%
EVERTEC, Inc.	312,274		6,982,447
Spain - 1.6%
Banco Bilbao Vizcaya Argentaria SA	451,764		5,553,401
Prosegur Compania de Seguridad SA (Reg.)	1,831,954		12,412,575
TOTAL SPAIN			17,965,976
Common Stocks - continued
	Shares		Value
United Kingdom - 0.2%
Cable & Wireless PLC	3,575,700		$ 2,837,322
United States of America - 0.9%
BPZ Energy, Inc. (a)(d)	3,096,150		8,111,913
First Cash Financial Services, Inc. (a)	43,966		2,480,122
TOTAL UNITED STATES OF AMERICA			10,592,035
TOTAL COMMON STOCKS (Cost $647,349,112)		777,704,031
Nonconvertible Preferred Stocks - 30.8%

Brazil - 29.2%
Ambev SA sponsored ADR	7,199,347		49,603,501
Banco Bradesco SA:
(PN)	1,372,217		20,933,303
(PN) sponsored ADR	249,100		3,806,248
Companhia Brasileira de Distribuicao Grupo Pao de Acucar:
(PN)	333,025		16,073,273
sponsored ADR	311,770		15,033,549
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) sponsored ADR	471,400		4,195,460
Embraer SA sponsored ADR	278,234		10,584,021
Itau Unibanco Holding SA	4,362,105		67,486,447
Itau Unibanco Holding SA sponsored ADR	576,977		8,885,446
Itausa-Investimentos Itau SA (PN)	5,119,093		21,412,757
Petroleo Brasileiro SA - Petrobras:
(PN) (non-vtg.)	6,518,471		54,877,266
sponsored ADR (d)	1,613,386		25,717,373
Telefonica Brasil SA	579,113		11,639,693
TIM Participacoes SA sponsored ADR	95,800		2,550,196
Vale SA:
(PN-A)	1,595,700		20,488,261
(PN-A) sponsored ADR	317,875		4,068,800
TOTAL BRAZIL			337,355,594

	Shares		Value
Chile - 1.1%
Embotelladora Andina SA:
Class A	1,336,888		$ 4,019,802
Class B	2,232,836		7,943,327
TOTAL CHILE			11,963,129
Colombia - 0.5%
Grupo Aval Acciones y Valores SA	2,897,449		2,145,978
Grupo de Inversiones Suramerica SA	163,024		3,446,815
TOTAL COLOMBIA			5,592,793
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $202,317,141)		354,911,516
Money Market Funds - 4.9%

Fidelity Cash Central Fund, 0.11% (b)	20,279,018		20,279,018
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	36,549,130		36,549,130
TOTAL MONEY MARKET FUNDS (Cost $56,828,148)		56,828,148
TOTAL INVESTMENT PORTFOLIO - 103.1% (Cost $906,494,401)			1,189,443,695
NET OTHER ASSETS (LIABILITIES) - (3.1)%			(35,282,866)
NET ASSETS - 100%		$ 1,154,160,829

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	$ 9,245
Fidelity Securities Lending Cash Central Fund	140,043
Total	$ 149,288

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 July 31, 2014, 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	$ 59,599,464	$ 59,599,464	$ -	$ -
Consumer Staples	230,883,667	230,883,667	-	-
Energy	115,416,190	115,416,190	-	-
Financials	342,267,302	336,713,901	5,553,401	-
Health Care	11,504,678	11,504,678	-	-
Industrials	67,071,149	67,071,149	-	-
Information Technology	26,860,375	26,860,375	-	-
Materials	121,598,214	121,598,214	-	-
Telecommunication Services	125,159,072	125,159,072	-	-
Utilities	32,255,436	32,255,436	-	-
Money Market Funds	56,828,148	56,828,148	-	-
Total Investments in Securities:	$ 1,189,443,695	$ 1,183,890,294	$ 5,553,401	$ -

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $907,133,273. Net unrealized appreciation aggregated $282,310,422, of which $364,685,987 related to appreciated investment securities and $82,375,565 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

July 31, 2014

1.804841.110

LAF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 67.4%
	Shares		Value
Belgium - 0.2%
Euronav NV (a)	191,600		$ 2,329,583
Brazil - 18.5%
Banco Bradesco SA	368,800		5,751,248
BB Seguridade Participacoes SA	1,273,300		18,576,851
BTG Pactual Participations Ltd. unit	1,034,500		16,123,381
CCR SA	2,030,900		15,969,700
Cielo SA	1,086,700		19,877,928
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP)	1,038,200		9,193,361
Cyrela Brazil Realty SA	478,500		2,651,127
Embraer SA	153,400		1,457,089
Estacio Participacoes SA	1,248,000		15,484,826
Fleury SA	1,276,400		8,394,000
Hypermarcas SA (a)	1,554,700		12,396,484
Industrias Romi SA	2,283,000		3,914,433
M. Dias Branco SA	247,000		10,130,402
Multiplus SA	817,100		11,931,911
Petroleo Brasileiro SA - Petrobras (ON)	995,328		7,892,430
QGEP Participacoes SA	1,446,600		5,987,250
Souza Cruz SA	1,859,300		17,259,221
TIM Participacoes SA	2,167,695		11,484,603
Tractebel Energia SA	574,375		8,605,182
Vale SA	182,000		2,611,174
Vale SA sponsored ADR (d)	550,493		7,899,575
TOTAL BRAZIL			213,592,176
Canada - 0.3%
Pacific Rubiales Energy Corp.	209,500		4,006,122
Chile - 9.7%
Aguas Andinas SA	8,507,449		5,383,654
Banco de Chile	68,264,691		8,486,097
Banco de Chile sponsored ADR	118,737		8,889,839
Banco Santander Chile sponsored ADR (d)	422,409		10,741,861
CAP SA	385,942		5,229,510
Compania Cervecerias Unidas SA	2,040,888		22,942,731
Empresa Nacional de Telecomunicaciones SA (ENTEL)	1,875,180		22,779,620
Forus SA	82,936		377,035
Inversiones La Construccion SA	1,005,026		12,070,221
LATAM Airlines Group SA (a)	351,316		4,133,274
LATAM Airlines Group SA sponsored ADR (a)(d)	463,612		5,433,533
Sociedad Matriz SAAM SA	59,433,277		4,987,146
TOTAL CHILE			111,454,521
Colombia - 9.5%
BanColombia SA	440,537		6,642,989
BanColombia SA sponsored ADR	66,500		4,150,265
Bolsa de Valores de Colombia	640,899,506		8,503,232
Cemex Latam Holdings SA (a)	798,410		7,870,321

	Shares		Value
Ecopetrol SA	3,832,722		$ 6,494,253
Empresa de Telecomunicaciones de Bogota	40,499,952		10,941,005
Grupo Aval Acciones y Valores SA	2,710,997		1,993,439
Grupo de Inversiones Suramerica SA	1,508,169		33,590,852
Inversiones Argos SA	2,470,914		29,992,045
TOTAL COLOMBIA			110,178,401
Mexico - 21.5%
America Movil S.A.B. de CV:
Series L	5,132,700		6,052,859
Series L sponsored ADR	2,412,973		56,873,774
Bolsa Mexicana de Valores S.A.B. de CV	549,400		1,121,241
CEMEX S.A.B. de CV sponsored ADR (d)	279,491		3,510,407
Consorcio ARA S.A.B. de CV (a)	25,539,905		11,630,123
Controladora Commercial Mexicana S.A.B. de CV unit	487,128		1,794,488
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	353,205		33,162,417
Gruma S.A.B. de CV Series B (a)	461,509		5,050,766
Grupo Aeroportuario del Pacifico SA de CV:
Series B	43,100		289,474
sponsored ADR	117,200		7,889,904
Grupo Financiero Inbursa S.A.B. de CV Series O	10,364,719		31,564,568
Grupo Financiero Santander Mexico S.A.B. de CV (d)	7,938,455		21,071,134
Grupo Televisa SA de CV (CPO) sponsored ADR	235,400		8,377,886
Industrias Penoles SA de CV	458,988		11,471,228
Infraestructura Energetica Nova S.A.B. de CV	864,400		4,877,779
Medica Sur SA de CV	833,634		3,110,678
Megacable Holdings S.A.B. de CV unit	2,130,329		9,146,556
Qualitas Controladora S.A.B. de CV	2,550,000		6,915,091
Wal-Mart de Mexico SA de CV Series V	9,560,548		23,720,573
TOTAL MEXICO			247,630,946
Panama - 0.9%
Banco Latinoamericano de Comercio Exterior SA Series E	334,270		9,924,476
Peru - 3.5%
Alicorp SA Class C	3,942,578		11,753,133
Compania de Minas Buenaventura SA sponsored ADR	2,430,136		28,456,893
TOTAL PERU			40,210,026
Puerto Rico - 0.6%
EVERTEC, Inc.	312,274		6,982,447
Spain - 1.6%
Banco Bilbao Vizcaya Argentaria SA	451,764		5,553,401
Prosegur Compania de Seguridad SA (Reg.)	1,831,954		12,412,575
TOTAL SPAIN			17,965,976
Common Stocks - continued
	Shares		Value
United Kingdom - 0.2%
Cable & Wireless PLC	3,575,700		$ 2,837,322
United States of America - 0.9%
BPZ Energy, Inc. (a)(d)	3,096,150		8,111,913
First Cash Financial Services, Inc. (a)	43,966		2,480,122
TOTAL UNITED STATES OF AMERICA			10,592,035
TOTAL COMMON STOCKS (Cost $647,349,112)		777,704,031
Nonconvertible Preferred Stocks - 30.8%

Brazil - 29.2%
Ambev SA sponsored ADR	7,199,347		49,603,501
Banco Bradesco SA:
(PN)	1,372,217		20,933,303
(PN) sponsored ADR	249,100		3,806,248
Companhia Brasileira de Distribuicao Grupo Pao de Acucar:
(PN)	333,025		16,073,273
sponsored ADR	311,770		15,033,549
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) sponsored ADR	471,400		4,195,460
Embraer SA sponsored ADR	278,234		10,584,021
Itau Unibanco Holding SA	4,362,105		67,486,447
Itau Unibanco Holding SA sponsored ADR	576,977		8,885,446
Itausa-Investimentos Itau SA (PN)	5,119,093		21,412,757
Petroleo Brasileiro SA - Petrobras:
(PN) (non-vtg.)	6,518,471		54,877,266
sponsored ADR (d)	1,613,386		25,717,373
Telefonica Brasil SA	579,113		11,639,693
TIM Participacoes SA sponsored ADR	95,800		2,550,196
Vale SA:
(PN-A)	1,595,700		20,488,261
(PN-A) sponsored ADR	317,875		4,068,800
TOTAL BRAZIL			337,355,594

	Shares		Value
Chile - 1.1%
Embotelladora Andina SA:
Class A	1,336,888		$ 4,019,802
Class B	2,232,836		7,943,327
TOTAL CHILE			11,963,129
Colombia - 0.5%
Grupo Aval Acciones y Valores SA	2,897,449		2,145,978
Grupo de Inversiones Suramerica SA	163,024		3,446,815
TOTAL COLOMBIA			5,592,793
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $202,317,141)		354,911,516
Money Market Funds - 4.9%

Fidelity Cash Central Fund, 0.11% (b)	20,279,018		20,279,018
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	36,549,130		36,549,130
TOTAL MONEY MARKET FUNDS (Cost $56,828,148)		56,828,148
TOTAL INVESTMENT PORTFOLIO - 103.1% (Cost $906,494,401)			1,189,443,695
NET OTHER ASSETS (LIABILITIES) - (3.1)%			(35,282,866)
NET ASSETS - 100%		$ 1,154,160,829

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	$ 9,245
Fidelity Securities Lending Cash Central Fund	140,043
Total	$ 149,288

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 July 31, 2014, 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	$ 59,599,464	$ 59,599,464	$ -	$ -
Consumer Staples	230,883,667	230,883,667	-	-
Energy	115,416,190	115,416,190	-	-
Financials	342,267,302	336,713,901	5,553,401	-
Health Care	11,504,678	11,504,678	-	-
Industrials	67,071,149	67,071,149	-	-
Information Technology	26,860,375	26,860,375	-	-
Materials	121,598,214	121,598,214	-	-
Telecommunication Services	125,159,072	125,159,072	-	-
Utilities	32,255,436	32,255,436	-	-
Money Market Funds	56,828,148	56,828,148	-	-
Total Investments in Securities:	$ 1,189,443,695	$ 1,183,890,294	$ 5,553,401	$ -

Income Tax Information

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

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 ® Nordic Fund

July 31, 2014

1.804855.110

NOR-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.6%
	Shares		Value
Bermuda - 1.4%
Vostok Nafta Investment Ltd. SDR (a)	1,183,400		$ 8,663,376
Denmark - 33.4%
Ambu A/S Series B (d)	186,300		13,483,514
Bang & Olufsen A/S Series B (a)(d)	1,173,800		14,440,088
Carlsberg A/S Series B	203,900		19,590,981
Christian Hansen Holding A/S	451,900		18,706,754
ISS Holdings A/S (a)	429,700		13,813,494
Novo Nordisk A/S Series B	714,305		32,881,020
Novozymes A/S Series B	322,900		16,005,244
Pandora A/S	234,100		16,076,980
Solar Holding A/S	162,302		11,630,060
Topdanmark A/S (a)	444,500		13,738,452
Vestas Wind Systems A/S (a)	777,700		35,182,399
TOTAL DENMARK			205,548,986
Finland - 11.2%
Kesko Oyj	589,400		22,493,228
Lassila & Tikahoja Oyj	287,448		5,427,192
Nokia Corp.	2,585,500		20,483,300
Vaisala Oyj	256,300		7,536,639
Valmet Corp.	1,208,585		12,712,184
TOTAL FINLAND			68,652,543
Malta - 1.7%
Unibet Group PLC unit	214,361		10,456,710
Norway - 5.6%
Statoil ASA	969,400		27,700,195
Zalaris ASA (A Shares) (e)	1,598,600		6,535,433
TOTAL NORWAY			34,235,628
Sweden - 40.3%
AF AB (B Shares)	484,000		8,121,394
ASSA ABLOY AB (B Shares)	363,800		17,931,054
CDON Group AB (a)(d)	2,995,176		10,985,178
DIBS Payment Services AB (e)	958,000		8,818,677
East Capital Explorer AB (a)(d)	1,005,000		7,867,270
Elekta AB (B Shares)	876,900		10,760,718
Eniro AB (a)(d)	828,488		2,663,864
Getinge AB (B Shares)	785,800		19,183,080
H&M Hennes & Mauritz AB (B Shares)	222,516		9,125,537
Intrum Justitia AB	506,287		15,522,847
Investment AB Kinnevik (B Shares)	356,200		14,819,721

	Shares		Value
Kambi Group PLC (a)	1,345,833		$ 7,979,555
Meda AB (A Shares)	1,355,800		21,875,350
Nordea Bank AB	858,800		11,553,252
Scandi Standard	962,742		6,419,955
Svenska Handelsbanken AB (A Shares)	575,200		27,825,265
Swedish Match Co. AB	827,700		27,129,247
Systemair AB (d)	575,600		9,116,045
Vitrolife AB	615,700		9,996,579
TOTAL SWEDEN			247,694,588
United Kingdom - 3.0%
G4S PLC (United Kingdom)	4,363,400		18,505,221
TOTAL COMMON STOCKS (Cost $542,483,487)		593,757,052
Money Market Funds - 5.7%

Fidelity Cash Central Fund, 0.11% (b)	25,960,167		25,960,167
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	8,905,879		8,905,879
TOTAL MONEY MARKET FUNDS (Cost $34,866,046)		34,866,046
TOTAL INVESTMENT PORTFOLIO - 102.3% (Cost $577,349,533)			628,623,098
NET OTHER ASSETS (LIABILITIES) - (2.3)%			(14,274,677)
NET ASSETS - 100%		$ 614,348,421

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	$ 32,069
Fidelity Securities Lending Cash Central Fund	791,699
Total	$ 823,768

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
DIBS Payment Services AB	$ 6,652,726	$ -	$ -	$ 247,726	$ 8,818,677
Zalaris ASA (A Shares)	-	6,114,371	-	-	6,535,433
Total	$ 6,652,726	$ 6,114,371	$ -	$ 247,726	$ 15,354,110

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 July 31, 2014, 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	$ 71,727,912	$ 71,727,912	$ -	$ -
Consumer Staples	75,633,411	75,633,411	-	-
Energy	27,700,195	-	27,700,195	-
Financials	84,467,336	84,467,336	-	-
Health Care	108,180,261	75,299,241	32,881,020	-
Industrials	154,497,323	154,497,323	-	-
Information Technology	36,838,616	16,355,316	20,483,300	-
Materials	34,711,998	34,711,998	-	-
Money Market Funds	34,866,046	34,866,046	-	-
Total Investments in Securities:	$ 628,623,098	$ 547,558,583	$ 81,064,515	$ -

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $584,459,948. Net unrealized appreciation aggregated $44,163,150, of which $68,360,634 related to appreciated investment securities and $24,197,484 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

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 ® Overseas Fund

July 31, 2014

1.804876.110

OVE-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.4%
	Shares		Value
Australia - 4.0%
Ansell Ltd.	516,634		$ 9,069,864
Asaleo Care Ltd. (a)	6,998,498		11,536,856
Australia & New Zealand Banking Group Ltd.	1,292,838		40,364,511
BHP Billiton Ltd.	759,584		26,970,123
Flight Centre Travel Group Ltd. (d)	396,190		17,283,852
Life Healthcare Group Ltd. (a)	1,346,638		2,713,223
Spotless Group Holdings Ltd.	10,484,223		17,862,308
Super Cheap Auto Group Ltd.	1,725,217		15,022,682
TOTAL AUSTRALIA			140,823,419
Austria - 0.4%
Andritz AG	262,600		14,241,199
Bailiwick of Jersey - 2.2%
Delphi Automotive PLC	219,500		14,662,600
Experian PLC	1,179,500		20,252,028
Regus PLC	4,201,670		12,335,909
WPP PLC	1,575,333		31,359,470
TOTAL BAILIWICK OF JERSEY			78,610,007
Belgium - 2.2%
Anheuser-Busch InBev SA NV	396,712		42,818,224
KBC Groupe SA (a)	609,556		33,195,910
TOTAL BELGIUM			76,014,134
Canada - 1.0%
CGI Group, Inc. Class A (sub. vtg.) (a)	488,400		17,518,525
Constellation Software, Inc.	77,700		18,456,734
TOTAL CANADA			35,975,259
Cayman Islands - 0.7%
Lifestyle International Holdings Ltd.	5,066,000		9,882,185
Shenzhou International Group Holdings Ltd.	4,241,000		13,351,543
TOTAL CAYMAN ISLANDS			23,233,728
Denmark - 2.2%
ISS Holdings A/S (a)	542,400		17,436,443
Novo Nordisk A/S Series B	880,200		40,517,530
Vestas Wind Systems A/S (a)	404,000		18,276,571
TOTAL DENMARK			76,230,544
Finland - 0.8%
Sanitec Corp. (d)	1,369,706		15,785,513
Tikkurila Oyj	436,806		11,078,102
TOTAL FINLAND			26,863,615
France - 7.2%
ALTEN	245,100		11,813,601
AXA SA	1,031,500		23,743,345
BIC SA	112,300		15,488,658
BNP Paribas SA	440,771		29,215,613
Christian Dior SA	114,097		19,884,524
Ipsos SA	24,219		656,555

	Shares		Value
Kering SA	86,200		$ 18,462,406
Rexel SA	693,400		13,449,283
Sanofi SA	509,287		53,470,505
Sodexo SA	179,500		17,909,185
Total SA	739,200		47,674,497
TOTAL FRANCE			251,768,172
Germany - 7.2%
adidas AG	309,500		24,621,641
BASF AG	360,117		37,439,147
Bayer AG	406,497		53,844,116
Brenntag AG	119,200		19,193,675
CompuGroup Medical AG	462,500		11,519,178
Continental AG	92,000		19,907,924
Deutsche Post AG	757,254		24,351,233
Fresenius SE & Co. KGaA	195,500		29,293,661
GEA Group AG	405,225		18,256,333
Gerry Weber International AG (Bearer)	295,800		13,522,546
TOTAL GERMANY			251,949,454
Greece - 0.1%
Metka SA	280,983		4,552,628
Hong Kong - 0.1%
City Telecom (HK) Ltd. (CTI) (a)	8,443,000		2,822,863
Ireland - 2.4%
Accenture PLC Class A	176,000		13,953,280
Actavis PLC (a)	73,400		15,726,684
DCC PLC (United Kingdom)	307,600		17,584,212
Kerry Group PLC Class A	329,064		24,455,140
United Drug PLC (United Kingdom)	1,947,300		11,684,225
TOTAL IRELAND			83,403,541
Israel - 0.1%
Teva Pharmaceutical Industries Ltd.	100,000		5,354,593
Italy - 1.0%
Pirelli & C. SpA	1,090,700		16,328,411
World Duty Free SpA (a)	1,525,752		17,427,287
TOTAL ITALY			33,755,698
Japan - 18.7%
ACOM Co. Ltd. (a)(d)	1,609,300		6,336,612
Aozora Bank Ltd.	5,679,000		19,297,733
Astellas Pharma, Inc.	2,170,200		29,429,226
Daikin Industries Ltd.	287,500		19,745,217
Dentsu, Inc.	418,300		16,567,225
Don Quijote Holdings Co. Ltd.	308,600		16,674,864
GMO Internet, Inc. (d)	1,653,600		18,042,274
H.I.S. Co. Ltd.	800		25,119
Honda Motor Co. Ltd. sponsored ADR	734,700		25,626,336
Hoya Corp.	776,400		25,138,718
Iida Group Holdings Co. Ltd.	681,780		10,158,327
Japan Tobacco, Inc.	894,300		31,450,335
Kansai Paint Co. Ltd.	891,000		14,931,079
KDDI Corp.	399,500		22,964,428
Common Stocks - continued
	Shares		Value
Japan - continued
Keyence Corp.	73,990		$ 32,233,365
Leopalace21 Corp. (a)	1,895,300		8,437,576
Makita Corp.	219,500		12,982,769
Meitec Corp.	367,800		12,126,569
Miraca Holdings, Inc.	302,900		14,018,192
Misumi Group, Inc.	445,300		14,191,572
Nakanishi, Inc.	315,500		13,365,456
NGK Spark Plug Co. Ltd. (a)	641,000		19,164,268
Nitori Holdings Co. Ltd.	208,400		11,706,000
OBIC Co. Ltd.	459,200		16,301,271
Olympus Corp. (a)	604,900		21,766,598
OMRON Corp.	554,400		24,589,161
ORIX Corp.	2,071,800		33,482,946
Park24 Co. Ltd.	693,000		12,713,362
Seven Bank Ltd.	4,369,600		17,535,349
Shinsei Bank Ltd.	8,163,000		17,260,871
Ship Healthcare Holdings, Inc.	445,500		14,554,937
SoftBank Corp.	395,400		28,424,620
Software Service, Inc.	108,400		5,581,871
Toyota Motor Corp.	351,800		20,770,292
Tsuruha Holdings, Inc.	351,200		20,160,490
USS Co. Ltd.	929,900		16,244,924
VT Holdings Co. Ltd.	2,372,900		12,723,572
TOTAL JAPAN			656,723,524
Luxembourg - 0.8%
Altice S.A.	248,329		14,250,357
Eurofins Scientific SA	50,759		15,153,653
TOTAL LUXEMBOURG			29,404,010
Netherlands - 0.6%
IMCD Group BV	735,100		22,639,720
New Zealand - 0.4%
EBOS Group Ltd.	1,628,762		14,002,369
Norway - 0.5%
Telenor ASA	790,200		18,214,064
South Africa - 0.3%
EOH Holdings Ltd.	619,000		5,437,825
Nampak Ltd.	29,689		112,964
Pinnacle Technology Holdings Ltd.	2,928,910		3,671,039
TOTAL SOUTH AFRICA			9,221,828
Spain - 1.6%
Amadeus IT Holding SA Class A	705,900		27,884,444
Criteria CaixaCorp SA	2,802,780		16,885,029
Grifols SA ADR	341,800		12,533,806
TOTAL SPAIN			57,303,279
Sweden - 4.2%
ASSA ABLOY AB (B Shares)	378,600		18,660,520
HEXPOL AB (B Shares)	159,000		13,380,230
Meda AB (A Shares)	957,600		15,450,535

	Shares		Value
Nordea Bank AB	2,883,200		$ 38,787,069
Svenska Cellulosa AB (SCA) (B Shares)	826,400		20,425,792
Svenska Handelsbanken AB (A Shares)	434,700		21,028,586
Swedbank AB (A Shares)	771,400		19,826,798
TOTAL SWEDEN			147,559,530
Switzerland - 8.3%
Aryzta AG	256,421		23,278,935
Clariant AG (Reg.)	899,550		16,808,098
Nestle SA	1,080,680		80,013,622
Roche Holding AG (participation certificate)	261,492		75,886,482
Schindler Holding AG (participation certificate)	107,635		16,120,081
SGS SA (Reg.)	10,510		22,980,325
Syngenta AG (Switzerland)	78,285		27,732,799
UBS AG	1,701,710		29,237,998
TOTAL SWITZERLAND			292,058,340
United Kingdom - 22.7%
Aberdeen Asset Management PLC	2,438,200		17,033,717
Barclays PLC	6,940,205		26,308,189
BG Group PLC	1,653,200		32,599,881
BHP Billiton PLC	1,045,520		35,664,808
Brit PLC (a)	3,422,800		14,215,635
British American Tobacco PLC (United Kingdom)	705,600		41,335,758
BT Group PLC	5,078,100		33,245,830
Bunzl PLC	88,107		2,366,629
Cineworld Group PLC	2,299,500		12,512,478
Close Brothers Group PLC	709,000		15,213,930
Dechra Pharmaceuticals PLC	438,095		5,133,072
Diageo PLC	1,275,102		38,294,295
Diploma PLC	1,617,825		17,480,793
Domino Printing Sciences PLC	1,326,414		13,783,413
Elementis PLC	3,337,200		15,212,326
Exova Group Ltd. PLC (a)	1,210,900		4,722,477
Galiform PLC	3,082,200		17,645,673
Hilton Food Group PLC	1,120,800		8,973,980
IMI PLC	793,999		18,995,006
ITV PLC	6,078,000		21,415,724
Jazztel PLC (a)	1,034,100		13,944,046
Johnson Matthey PLC	349,900		17,479,883
Lloyds Banking Group PLC (a)	29,535,200		36,820,849
London Stock Exchange Group PLC	711,000		23,263,390
Meggitt PLC	2,358,700		20,249,453
Melrose PLC	3,505,900		15,578,837
Next PLC	247,100		28,243,014
Provident Financial PLC	441,200		15,843,554
Prudential PLC	1,675,413		38,507,466
Reckitt Benckiser Group PLC	418,100		37,023,313
Rolls-Royce Group PLC	1,274,066		22,370,459
Schroders PLC	387,300		15,627,698
Senior Engineering Group PLC	2,897,000		12,902,472
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Spectris PLC	405,300		$ 13,055,833
Spirax-Sarco Engineering PLC	321,107		14,767,484
St. James's Place Capital PLC	2,339,305		28,692,744
Standard Chartered PLC (United Kingdom)	1,360,569		28,299,639
The Restaurant Group PLC	1,489,000		15,485,493
Vodafone Group PLC	2,600,532		8,660,021
TOTAL UNITED KINGDOM			798,969,262
United States of America - 3.7%
Computer Sciences Corp.	271,300		16,926,407
CST Brands, Inc.	445,100		14,879,693
Fidelity National Information Services, Inc.	310,900		17,534,760
FMC Corp.	240,700		15,698,454
MasTec, Inc. (a)	386,000		10,495,340
McGraw Hill Financial, Inc.	261,600		20,985,552
Now, Inc.	41,825		1,346,347
ResMed, Inc. (d)	311,300		16,106,662
Total System Services, Inc.	526,100		16,835,200
TOTAL UNITED STATES OF AMERICA			130,808,415
TOTAL COMMON STOCKS (Cost $2,825,193,433)		3,282,503,195
Nonconvertible Preferred Stocks - 1.9%

Germany - 1.9%
Henkel AG & Co. KGaA	258,200		28,793,453
Sartorius AG (non-vtg.)	102,994		12,328,143
Volkswagen AG	115,068		26,894,979
TOTAL GERMANY			68,016,575

	Shares		Value
United Kingdom - 0.0%
Rolls-Royce Group PLC (C Shares)	170,724,844		$ 288,235
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $53,001,659)		68,304,810
Money Market Funds - 4.8%

Fidelity Cash Central Fund, 0.11% (b)	138,437,000		138,437,000
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	29,131,121		29,131,121
TOTAL MONEY MARKET FUNDS (Cost $167,568,121)		167,568,121
TOTAL INVESTMENT PORTFOLIO - 100.1% (Cost $3,045,763,213)			3,518,376,126
NET OTHER ASSETS (LIABILITIES) - (0.1)%			(2,139,843)
NET ASSETS - 100%		$ 3,516,236,283

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	$ 63,199
Fidelity Securities Lending Cash Central Fund	1,303,911
Total	$ 1,367,110

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	$ 554,094,012	$ 340,336,826	$ 213,757,186	$ -
Consumer Staples	408,560,193	142,950,613	265,609,580	-
Energy	80,274,378	-	80,274,378	-
Financials	635,448,309	361,858,209	273,590,100	-
Health Care	498,504,581	212,776,104	285,728,477	-
Industrials	500,149,940	410,528,143	89,621,797	-
Information Technology	293,175,850	176,871,061	116,304,789	-
Materials	255,147,733	149,848,924	105,298,809	-
Telecommunication Services	125,453,009	32,158,110	93,294,899	-
Money Market Funds	167,568,121	167,568,121	-	-
Total Investments in Securities:	$ 3,518,376,126	$ 1,994,896,111	$ 1,523,480,015	$ -

Transfers	Total
Level 1 to Level 2	$ 140,989,535
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $3,062,721,949. Net unrealized appreciation aggregated $455,654,177, of which $558,617,334 related to appreciated investment securities and $102,963,157 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

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 ® Pacific Basin Fund

July 31, 2014

1.804825.110

PAF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%
	Shares		Value
Australia - 14.2%
Amcor Ltd.	752,174		$ 7,199,274
Ansell Ltd.	335,997		5,898,657
ARB Corp. Ltd.	289,695		3,269,300
Australia & New Zealand Banking Group Ltd.	409,926		12,798,558
Commonwealth Bank of Australia	238,278		18,378,331
CSL Ltd.	147,257		9,174,632
DuluxGroup Ltd.	827,104		4,198,945
Invocare Ltd.	319,066		3,110,218
Magellan Financial Group Ltd. (d)	251,802		2,717,326
Slater & Gordon Ltd.	957,128		4,401,219
Sydney Airport unit	1,171,376		4,646,705
Transurban Group unit	1,075,625		7,724,051
Woodside Petroleum Ltd.	216,246		8,488,512
Woolworths Ltd.	341,094		11,625,965
TOTAL AUSTRALIA			103,631,693
Bermuda - 3.9%
Brilliance China Automotive Holdings Ltd.	2,782,000		5,227,870
Cheung Kong Infrastructure Holdings Ltd.	1,328,000		9,355,833
China Animal Healthcare Ltd.	5,541,000		3,638,970
Hongkong Land Holdings Ltd.	790,000		5,399,721
PAX Global Technology Ltd. (a)	6,392,000		4,899,746
TOTAL BERMUDA			28,522,140
Cayman Islands - 7.5%
Airtac International Group	398,590		3,735,198
AMVIG Holdings Ltd.	9,408,000		3,530,376
China High Precision Automation Group Ltd. (a)	1,875,000		72,580
China Metal Recycling (Holdings) Ltd. (a)	2,572,200		3
Cimc Enric Holdings Ltd.	388,000		461,990
ENN Energy Holdings Ltd.	746,000		5,276,610
Greatview Aseptic Pack Co. Ltd.	5,678,000		4,419,946
International Housewares Retail Co. Ltd.	6,000,000		2,406,261
Lifestyle International Holdings Ltd.	1,542,500		3,008,936
Sands China Ltd.	734,400		5,391,738
Tencent Holdings Ltd.	952,500		15,468,371
Want Want China Holdings Ltd.	4,227,000		5,772,067
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	166,700		5,136,027
TOTAL CAYMAN ISLANDS			54,680,103
China - 2.2%
Industrial & Commercial Bank of China Ltd. (H Shares)	14,414,000		9,830,601
Tsingtao Brewery Co. Ltd. (H Shares)	778,000		6,338,876
TOTAL CHINA			16,169,477
Hong Kong - 5.6%
AIA Group Ltd.	2,148,000		11,507,696
Galaxy Entertainment Group Ltd.	703,000		5,911,992

	Shares		Value
Goldpac Group Ltd.	2,575,000		$ 2,455,249
Hong Kong Exchanges and Clearing Ltd.	274,600		6,151,240
Lenovo Group Ltd.	4,242,000		5,786,457
Magnificent Estates Ltd.	67,338,000		3,367,841
Techtronic Industries Co. Ltd.	1,862,500		5,582,439
TOTAL HONG KONG			40,762,914
India - 4.6%
Asian Paints India Ltd.	360,763		3,726,796
Bharti Infratel Ltd. (a)	1,147,247		4,845,518
Britannia Industries Ltd.	334,421		6,310,362
Housing Development Finance Corp. Ltd.	187,495		3,283,611
Lupin Ltd.	197,296		4,170,302
Petronet LNG Ltd.	2,121,402		6,377,022
Sun Pharmaceutical Industries Ltd.	387,055		5,029,470
TOTAL INDIA			33,743,081
Indonesia - 1.9%
PT Bank Central Asia Tbk	4,792,000		4,795,574
PT Gudang Garam Tbk	858,000		3,967,437
PT Kalbe Farma Tbk	24,640,900		3,639,077
PT MNC Sky Vision Tbk	8,196,000		1,350,126
TOTAL INDONESIA			13,752,214
Israel - 0.6%
Sarine Technologies Ltd.	2,050,000		4,663,988
Italy - 0.7%
Prada SpA (d)	767,100		5,430,604
Japan - 34.5%
ACOM Co. Ltd. (a)(d)	604,100		2,378,641
AEON Mall Co. Ltd.	160,210		3,754,280
Asahi Group Holdings	217,200		6,550,458
Astellas Pharma, Inc.	760,500		10,312,840
Broadleaf Co. Ltd.	157,200		2,961,884
Calbee, Inc.	164,700		4,891,126
Century Tokyo Leasing Corp.	85,000		2,729,351
Chiyoda Corp. (a)	418,000		4,949,138
Create SD Holdings Co. Ltd.	70,600		2,565,263
Daikin Industries Ltd.	101,700		6,984,656
Daito Trust Construction Co. Ltd.	56,700		6,833,828
East Japan Railway Co.	93,800		7,514,045
Fuji Heavy Industries Ltd.	205,300		5,854,602
Hamakyorex Co. Ltd.	81,100		2,517,916
Harmonic Drive Systems, Inc. (d)	145,600		5,576,861
Hitachi Capital Corp.	88,900		2,369,359
Japan Exchange Group, Inc.	107,800		2,452,609
Japan Tobacco, Inc.	290,600		10,219,688
JIN Co. Ltd. (d)	91,000		2,710,973
Kansai Paint Co. Ltd.	261,000		4,373,750
KDDI Corp.	130,700		7,513,018
Keyence Corp.	18,600		8,102,995
Miraca Holdings, Inc.	177,200		8,200,804
Misumi Group, Inc.	126,500		4,031,516
Mitsubishi Pencil Co. Ltd.	102,800		3,262,756
Common Stocks - continued
	Shares		Value
Japan - continued
Mitsui Fudosan Co. Ltd.	223,000		$ 7,364,312
Nakanishi, Inc.	123,200		5,219,094
Nihon M&A Center, Inc.	178,500		4,999,168
Nihon Parkerizing Co. Ltd.	185,100		4,085,885
Nippon Seiki Co. Ltd.	236,000		4,637,184
Nitori Holdings Co. Ltd.	176,200		9,897,300
ORIX Corp.	981,800		15,867,148
Pigeon Corp.	82,700		4,750,712
Rakuten, Inc.	534,600		7,020,889
Rinnai Corp.	49,000		4,461,207
Rohto Pharmaceutical Co. Ltd.	244,100		3,777,560
Sanix, Inc. (a)(d)	287,200		3,394,291
Seven Bank Ltd.	1,695,600		6,804,499
Ship Healthcare Holdings, Inc.	92,200		3,012,267
SK Kaken Co. Ltd.	20,000		1,687,649
SoftBank Corp.	206,400		14,837,738
Sony Financial Holdings, Inc.	253,700		4,154,958
Sumitomo Mitsui Financial Group, Inc.	229,100		9,339,143
Toshiba Plant Systems & Services Corp.	244,000		3,869,694
VT Holdings Co. Ltd.	572,200		3,068,156
TOTAL JAPAN			251,861,211
Korea (South) - 7.7%
Hyundai Motor Co.	42,049		9,952,769
Hyundai Wia Corp.	21,586		3,920,690
KEPCO Plant Service & Engineering Co. Ltd.	97,768		7,033,049
LG Household & Health Care Ltd.	7,934		3,684,122
Medy-Tox, Inc.	13,349		1,976,299
NAVER Corp.	9,923		7,084,452
Samsung Electronics Co. Ltd.	14,596		18,887,603
Samsung SDI Co. Ltd.	21,447		3,301,943
TOTAL KOREA (SOUTH)			55,840,927
Malaysia - 1.8%
Bursa Malaysia Bhd	1,037,600		2,697,893
JobStreet Corp. Bhd	9,065,000		6,748,009
Tune Insurance Holdings Bhd	5,540,300		4,032,531
TOTAL MALAYSIA			13,478,433
New Zealand - 0.6%
EBOS Group Ltd. (d)	512,902		4,409,388
Singapore - 4.5%
Ezion Holdings Ltd.	2,225,000		3,810,439
Global Logistic Properties Ltd.	2,154,000		4,795,167
Goodpack Ltd.	3,837,800		7,550,205
OSIM International Ltd.	2,024,000		4,642,848
Parkway Life REIT	2,233,000		4,276,155
United Overseas Bank Ltd.	385,000		7,429,982
TOTAL SINGAPORE			32,504,796
Taiwan - 5.2%
CTCI Corp.	1,631,000		2,692,457

	Shares		Value
eMemory Technology, Inc.	125,000		$ 1,132,828
King Slide Works Co. Ltd.	402,000		5,307,350
Lung Yen Life Service Co. Ltd.	1,051,000		2,951,786
Merida Industry Co. Ltd.	675,000		5,258,215
Taiwan Semiconductor Manufacturing Co. Ltd.	4,007,000		16,026,450
Tong Hsing Electronics Industries Ltd.	918,096		4,760,738
TOTAL TAIWAN			38,129,824
Thailand - 0.5%
Thai Beverage PCL	7,157,000		3,508,946
United Kingdom - 1.2%
Kweichow Moutai Co. Ltd. (A Shares) (UBS Warrant Programme) warrants 7/9/15 (a)	152,127		3,913,502
Standard Chartered PLC (Hong Kong)	231,500		4,782,776
TOTAL UNITED KINGDOM			8,696,278
United States of America - 1.6%
21Vianet Group, Inc. ADR (a)(d)	137,800		3,834,974
GI Dynamics, Inc. CDI (a)	5,561,289		2,176,180
YOU On Demand Holdings, Inc. (a)(d)	440,068		1,108,971
Yum! Brands, Inc.	63,800		4,427,720
TOTAL UNITED STATES OF AMERICA			11,547,845
TOTAL COMMON STOCKS (Cost $588,947,697)		721,333,862
Money Market Funds - 3.7%

Fidelity Cash Central Fund, 0.11% (b)	7,044,885		7,044,885
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	20,345,808		20,345,808
TOTAL MONEY MARKET FUNDS (Cost $27,390,693)		27,390,693
TOTAL INVESTMENT PORTFOLIO - 102.5% (Cost $616,338,390)			748,724,555
NET OTHER ASSETS (LIABILITIES) - (2.5)%			(18,575,466)
NET ASSETS - 100%		$ 730,149,089

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	$ 7,168
Fidelity Securities Lending Cash Central Fund	336,372
Total	$ 343,540

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	$ 118,371,854	$ 5,536,691	$ 112,835,163	$ -
Consumer Staples	70,185,022	-	70,185,022	-
Energy	18,675,973	-	18,675,973	-
Financials	170,838,792	-	170,838,792	-
Health Care	75,771,567	9,545,415	66,226,152	-
Industrials	90,112,838	-	90,112,838	-
Information Technology	94,776,270	3,834,974	90,868,716	72,580
Materials	40,772,829	-	40,772,826	3
Telecommunication Services	27,196,274	-	27,196,274	-
Utilities	14,632,443	-	14,632,443	-
Money Market Funds	27,390,693	27,390,693	-	-
Total Investments in Securities:	$ 748,724,555	$ 46,307,773	$ 702,344,199	$ 72,583

Transfers	Total
Level 1 to Level 2	$ 334,877,246
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $631,158,643. Net unrealized appreciation aggregated $117,565,912, of which $144,030,758 related to appreciated investment securities and $26,464,846 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

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 ® Series
Emerging Markets Fund

July 31, 2014

1.873106.105

ILF-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 88.3%
	Shares		Value
Argentina - 0.5%
Grupo Financiero Galicia SA sponsored ADR (d)	1,102,300		$ 17,769,076
YPF SA Class D sponsored ADR	607,350		21,488,043
TOTAL ARGENTINA			39,257,119
Austria - 0.2%
C.A.T. oil AG (Bearer)	797,062		15,363,868
Bailiwick of Jersey - 0.1%
Atrium European Real Estate Ltd.	2,261,421		12,627,410
Petrofac Ltd.	6,800		125,940
TOTAL BAILIWICK OF JERSEY			12,753,350
Bermuda - 2.3%
Aquarius Platinum Ltd. (Australia) (a)	60,336,120		25,004,575
BW Offshore Ltd.	10,518,488		13,971,442
Cosan Ltd. Class A	1,741,332		21,017,877
Golar LNG Ltd. (d)	492,600		30,349,086
GP Investments Ltd. Class A (depositary receipt) (a)(e)	11,529,837		25,156,008
Hoegh LNG Holdings Ltd. (a)	851,206		10,730,881
Odfjell Drilling A/S	2,074,179		10,657,374
Shangri-La Asia Ltd.	17,912,000		28,255,169
Yue Yuen Industrial (Holdings) Ltd.	11,561,000		38,634,995
TOTAL BERMUDA			203,777,407
Brazil - 4.1%
BM&F BOVESPA SA	6,996,800		37,347,107
BR Properties SA	3,143,100		19,437,000
Cosan SA Industria e Comercio	1,150,800		18,854,099
Estacio Participacoes SA	1,831,200		22,721,005
Fibria Celulose SA (a)	2,506,400		24,602,767
Kroton Educacional SA	1,463,051		38,963,104
Light SA	1,384,600		12,999,220
Localiza Rent A Car SA	2,288,600		36,436,025
Mills Estruturas e Servicos de Engenharia SA	2,287,475		23,835,111
Minerva SA (a)	7,395,400		37,616,712
Qualicorp SA (a)	1,266,400		14,652,562
Smiles SA	1,940,000		33,776,309
T4F Entretenimento SA (a)(e)	4,500,845		10,097,764
Ultrapar Participacoes SA	1,016,750		23,416,061
TOTAL BRAZIL			354,754,846
British Virgin Islands - 0.1%
Luxoft Holding, Inc. (a)	204,770		6,509,638
Common Stocks - continued
	Shares		Value
Canada - 1.0%
First Quantum Minerals Ltd.	795,500		$ 18,866,997
Goldcorp, Inc. (d)	1,239,800		33,952,793
Pan American Silver Corp.	1,401,900		20,579,892
Torex Gold Resources, Inc. (a)	7,040,600		9,814,933
TOTAL CANADA			83,214,615
Cayman Islands - 7.0%
58.com, Inc. ADR (d)	749,507		36,838,269
Anta Sports Products Ltd.	15,665,000		25,747,355
Anton Oilfield Services Group	9,994,000		5,614,468
Bloomage BioTechnology Corp. Ltd.	2,865,000		7,080,805
China Lodging Group Ltd. ADR (a)	1,003,461		25,036,352
Cimc Enric Holdings Ltd.	17,898,000		21,311,063
Eurasia Drilling Co. Ltd. GDR (Reg. S)	915,809		27,785,645
GCL-Poly Energy Holdings Ltd. (a)	211,848,000		68,391,740
Greatview Aseptic Pack Co. Ltd.	40,166,000		31,266,567
Haitian International Holdings Ltd.	8,658,000		20,282,419
Hengan International Group Co. Ltd.	3,857,500		41,268,582
Hilong Holding Ltd.	44,953,000		25,207,160
On-Bright Electronics, Inc.	316,000		2,179,448
Silergy Corp.	1,024,589		8,504,012
SINA Corp. (a)	259,600		12,562,044
Tencent Holdings Ltd.	8,983,300		145,886,635
Tingyi (Cayman Islands) Holding Corp.	11,652,000		32,992,919
Uni-President China Holdings Ltd.	33,466,000		27,462,336
Xueda Education Group sponsored ADR	3,490,100		15,565,846
Yingde Gases Group Co. Ltd.	19,904,000		21,724,078
TOTAL CAYMAN ISLANDS			602,707,743
Chile - 1.3%
Banco Santander Chile	445,830,244		28,314,971
Embotelladora Andina SA ADR	255,700		4,615,385
Empresa Nacional de Electricidad SA	16,793,873		24,934,070
Empresa Nacional de Telecomunicaciones SA (ENTEL)	1,180,349		14,338,837
Inversiones La Construccion SA	1,802,498		21,647,748
Vina Concha y Toro SA	9,281,730		18,173,064
TOTAL CHILE			112,024,075
China - 6.8%
Anhui Conch Cement Co. Ltd. (H Shares)	6,529,000		24,427,016
BBMG Corp. (H Shares)	26,803,500		20,876,258
China Life Insurance Co. Ltd. (H Shares)	29,889,500		88,768,075
China Pacific Insurance Group Co. Ltd. (H Shares)	18,539,600		72,817,552
Common Stocks - continued
	Shares		Value
China - continued
China Petroleum & Chemical Corp. (H Shares)	36,496,000		$ 35,729,751
China Suntien Green Energy Corp. Ltd. (H Shares)	65,500,000		20,320,530
China Telecom Corp. Ltd. (H Shares)	86,755,782		48,899,384
Industrial & Commercial Bank of China Ltd. (H Shares)	218,301,000		148,885,121
Maanshan Iron & Steel Ltd. (H Shares) (a)	85,468,000		19,933,149
PetroChina Co. Ltd.:
(H Shares)	13,212,000		17,123,685
sponsored ADR	70,200		9,060,714
PICC Property & Casualty Co. Ltd. (H Shares)	37,334,900		60,368,400
Sinopec Engineering Group Co. Ltd. (H Shares) (f)	21,178,500		24,145,384
TOTAL CHINA			591,355,019
Colombia - 0.7%
BanColombia SA sponsored ADR	940,200		58,677,882
Denmark - 1.2%
Auriga Industries A/S Series B (a)	470,403		25,344,079
Vestas Wind Systems A/S (a)	1,776,051		80,346,835
TOTAL DENMARK			105,690,914
Egypt - 0.1%
Citadel Capital Corp. (a)	21,399,835		12,899,670
France - 0.2%
Technip SA	178,239		16,456,361
Greece - 0.6%
National Bank of Greece SA (a)	11,541,600		36,742,579
Public Power Corp. of Greece	1,010,020		14,809,517
TOTAL GREECE			51,552,096
Hong Kong - 2.0%
China Power International Development Ltd.	53,055,000		22,246,495
China Resources Power Holdings Co. Ltd.	8,534,180		23,840,357
China Unicom Ltd.	22,014,000		38,456,302
CNOOC Ltd.	18,782,000		33,222,905
CNOOC Ltd. sponsored ADR	53,400		9,434,178
Far East Horizon Ltd.	35,510,300		27,229,975
Sinotruk Hong Kong Ltd.	30,215,000		15,979,423
TOTAL HONG KONG			170,409,635
India - 7.6%
Adani Ports & Special Economic Zone	9,508,413		40,630,384
Axis Bank Ltd.	15,490,790		102,464,881
Bharti Airtel Ltd. (a)	8,218,779		50,399,381
Common Stocks - continued
	Shares		Value
India - continued
Bharti Infratel Ltd. (a)	10,821,720		$ 45,706,672
Eicher Motors Ltd.	266,613		37,329,368
Grasim Industries Ltd.	556,289		32,206,274
ITC Ltd.	11,203,966		65,566,067
JK Cement Ltd.	2,557,051		16,353,712
Lupin Ltd.	1,852,492		39,156,654
MindTree Consulting Ltd.	242,814		4,201,648
Petronet LNG Ltd.	12,564,915		37,770,654
Phoenix Mills Ltd.	6,027,475		35,028,826
Power Grid Corp. of India Ltd.	8,764,215		19,187,983
SREI Infrastructure Finance Ltd. (e)	47,462,511		35,668,868
State Bank of India	704,499		28,138,274
Tata Consultancy Services Ltd.	542,257		23,044,342
Tech Mahindra Ltd.	381,694		13,501,872
Yes Bank Ltd.	3,284,479		28,955,891
TOTAL INDIA			655,311,751
Indonesia - 2.5%
PT AKR Corporindo Tbk	62,782,100		23,677,808
PT Bakrieland Development Tbk (a)	1,857,484,200		7,877,562
PT Bank Rakyat Indonesia Tbk	78,348,400		75,149,536
PT Bank Tabungan Negara Tbk	185,782,500		17,183,132
PT Kalbe Farma Tbk	212,303,500		31,353,917
PT Lippo Karawaci Tbk	197,624,200		18,668,945
PT MNC Sky Vision Tbk (g)	25,227,600		4,155,740
PT Telkomunikasi Indonesia Tbk sponsored ADR	807,179		36,250,409
TOTAL INDONESIA			214,317,049
Israel - 0.5%
Bezeq The Israeli Telecommunication Corp. Ltd.	23,936,000		44,706,430
Kenya - 0.3%
Equity Bank Ltd. (a)	51,051,100		26,310,504
Korea (South) - 16.6%
AMOREPACIFIC Group, Inc.	81,702		70,126,545
Daewoo International Corp.	3,375,554		121,512,022
E-Mart Co. Ltd.	231,628		52,003,485
Fila Korea Ltd.	172,557		15,007,356
Hana Financial Group, Inc.	1,922,309		77,405,500
Hankook Shell Oil Co. Ltd.	30,995		15,237,570
Hyundai Industrial Development & Construction Co.	937,500		34,798,794
Hyundai Mobis	295,211		88,173,897
Common Stocks - continued
	Shares		Value
Korea (South) - continued
KB Financial Group, Inc.	1,252,302		$ 48,913,346
KEPCO Plant Service & Engineering Co. Ltd.	343,299		24,695,591
Korea Electric Power Corp.	856,941		35,357,531
Korea Zinc Co. Ltd.	70,432		28,197,304
Korean Reinsurance Co.	3,801,534		41,586,515
KT&G Corp.	489,775		47,307,380
LG Chemical Ltd.	172,240		48,192,763
LG Corp.	553,782		37,079,876
NAVER Corp.	126,380		90,228,063
Oci Co. Ltd. (a)	121,137		19,027,982
Samsung C&T Corp.	584,640		41,484,609
Samsung Electronics Co. Ltd.	255,519		330,648,117
Seoul Semiconductor Co. Ltd.	743,968		20,529,667
Shinhan Financial Group Co. Ltd.	1,991,125		98,322,763
SK Hynix, Inc. (a)	644,260		28,027,384
SK Telecom Co. Ltd. sponsored ADR (d)	925,900		26,212,229
TOTAL KOREA (SOUTH)			1,440,076,289
Luxembourg - 0.1%
Globant SA (a)	568,400		6,434,288
Mexico - 5.2%
America Movil S.A.B. de CV Series L sponsored ADR	4,217,900		99,415,903
CEMEX S.A.B. de CV sponsored ADR	3,078,297		38,663,410
El Puerto de Liverpool S.A.B. de CV Class C	2,767,300		30,804,529
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	711,400		66,793,346
Gruma S.A.B. de CV Series B (a)	1,504,500		16,465,284
Grupo Comercial Chedraui S.A.B. de CV (d)	9,438,888		30,958,410
Grupo Financiero Banorte S.A.B. de CV Series O	8,481,800		56,369,966
Grupo Televisa SA de CV (CPO) sponsored ADR	2,627,700		93,519,843
Macquarie Mexican (REIT)	10,382,500		20,953,487
TOTAL MEXICO			453,944,178
Netherlands - 0.0%
Fugro NV (Certificaten Van Aandelen)	2,100		81,028
Nigeria - 1.8%
Guaranty Trust Bank PLC	71,310,041		13,169,674
Guaranty Trust Bank PLC GDR (Reg. S)	5,413,577		48,722,193
Transnational Corp. of Nigeria PLC	183,570,501		6,236,181
Zenith Bank PLC	568,667,514		88,092,534
TOTAL NIGERIA			156,220,582
Common Stocks - continued
	Shares		Value
Norway - 0.3%
ElectroMagnetic GeoServices ASA (a)	6,022,067		$ 5,364,572
Spectrum ASA (a)	564,430		3,447,805
Statoil ASA	537,599		15,361,664
TGS Nopec Geophysical Co. ASA (d)	5,425		154,474
TOTAL NORWAY			24,328,515
Panama - 0.4%
Copa Holdings SA Class A	250,600		38,058,622
Philippines - 2.0%
Alliance Global Group, Inc.	50,030,700		29,957,069
LT Group, Inc.	63,531,100		23,132,281
Metropolitan Bank & Trust Co.	23,136,062		45,355,232
PNOC Energy Development Corp.	95,230,400		13,333,886
Robinsons Land Corp.	124,522,050		64,353,698
TOTAL PHILIPPINES			176,132,166
Poland - 0.6%
Cyfrowy Polsat SA	3,556,000		26,667,436
Powszechny Zaklad Ubezpieczen SA	208,600		29,415,120
TOTAL POLAND			56,082,556
Puerto Rico - 0.2%
Popular, Inc. (a)	468,381		14,941,354
Romania - 0.1%
SNGN Romgaz SA GDR (f)	657,087		6,892,843
Russia - 3.2%
Bashneft OJSC rights 12/31/99 (a)	23,529		0
E.ON Russia JSC (a)	335,498,900		22,549,545
Gazprom OAO sponsored:
ADR	1,851,596		13,572,199
ADR (Reg. S)	6,716,200		49,364,070
LUKOIL Oil Co. sponsored ADR (United Kingdom)	460,800		25,827,840
Mobile TeleSystems OJSC	4,238,600		32,731,963
Mobile TeleSystems OJSC sponsored ADR	33,600		602,448
NOVATEK OAO GDR (Reg. S)	181,200		18,817,620
Sberbank (Savings Bank of the Russian Federation) (a)	47,573,300		97,999,367
TMK OAO GDR (Reg. S)	1,637,900		14,741,100
TOTAL RUSSIA			276,206,152
Common Stocks - continued
	Shares		Value
Singapore - 0.8%
Ezion Holdings Ltd.	8,994,200		$ 15,403,078
First Resources Ltd.	29,672,000		53,536,021
TOTAL SINGAPORE			68,939,099
South Africa - 4.9%
Alexander Forbes Group Holding (a)	12,572,913		10,200,909
Aspen Pharmacare Holdings Ltd.	1,843,100		49,940,567
Barclays Africa Group Ltd.	1,788,547		27,938,228
Bidvest Group Ltd.	1,624,873		43,782,016
Impala Platinum Holdings Ltd. (a)	2,187,000		21,686,441
JSE Ltd.	1,660,992		15,381,564
Life Healthcare Group Holdings Ltd.	8,445,700		34,734,251
MTN Group Ltd.	4,067,306		84,357,815
Naspers Ltd. Class N	1,127,700		139,942,911
TOTAL SOUTH AFRICA			427,964,702
Taiwan - 7.4%
Cathay Financial Holding Co. Ltd.	25,632,650		42,549,731
E.SUN Financial Holdings Co. Ltd.	32,467,514		21,539,733
EGiS Technology, Inc. (a)	166,549		514,994
Hon Hai Precision Industry Co. Ltd. (Foxconn)	21,389,500		73,118,396
MediaTek, Inc.	7,153,000		110,433,898
Taiwan Fertilizer Co. Ltd.	21,408,100		43,298,030
Taiwan Semiconductor Manufacturing Co. Ltd.	44,625,284		178,483,870
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	3,217,201		64,344,020
Unified-President Enterprises Corp.	34,299,866		65,137,699
Universal Cement Corp.	12,952,980		12,527,126
Voltronic Power Technology Corp.	65,000		454,152
Yuanta Financial Holding Co. Ltd.	44,886,000		24,867,475
TOTAL TAIWAN			637,269,124
Thailand - 1.2%
Kasikornbank PCL (For. Reg.)	8,154,500		53,553,497
SPCG Public Co. Ltd. (a)	6,911,200		5,314,062
Thai Union Frozen Products PCL (For. Reg.)	14,705,000		29,841,637
Total Access Communication PCL NVDR	3,936,970		12,583,343
TOTAL THAILAND			101,292,539
Togo - 0.4%
Ecobank Transnational, Inc.	382,060,810		38,937,637
Turkey - 1.7%
Aygaz A/S	2,942,000		12,631,324
Common Stocks - continued
	Shares		Value
Turkey - continued
Tupras Turkiye Petrol Rafinelleri A/S	1,349,096		$ 32,959,294
Turkcell Iletisim Hizmet A/S sponsored ADR (a)	1,315,200		21,490,368
Turkiye Garanti Bankasi A/S	8,332,000		34,313,040
Turkiye Halk Bankasi A/S	6,279,000		47,470,506
TOTAL TURKEY			148,864,532
United Arab Emirates - 0.3%
First Gulf Bank PJSC	4,779,166		23,680,816
United Kingdom - 0.7%
Antofagasta PLC	1,098,400		15,030,145
BG Group PLC	1,176,100		23,191,822
Cairn Energy PLC (a)	7,541,743		22,460,526
UBS AG London Branch warrants 6/29/15 (a)	1,038,500		3,345,499
TOTAL UNITED KINGDOM			64,027,992
United States of America - 1.3%
21Vianet Group, Inc. ADR (a)	428,400		11,922,372
Cognizant Technology Solutions Corp. Class A (a)	1,111,672		54,527,512
Facebook, Inc. Class A (a)	615,940		44,748,041
TOTAL UNITED STATES OF AMERICA			111,197,925
TOTAL COMMON STOCKS (Cost $6,296,848,300)		7,649,622,911
Nonconvertible Preferred Stocks - 9.6%

Brazil - 6.1%
Ambev SA sponsored ADR	4,127,500		28,438,475
Banco do Estado Rio Grande do Sul SA	6,293,600		32,012,405
Braskem SA (PN-A)	4,360,700		26,966,665
Companhia Paranaense de Energia-Copel:
(PN-B)	73,400		1,138,812
(PN-B) sponsored (d)	645,557		10,031,956
Gerdau SA sponsored (d)	6,671,400		39,227,832
Itau Unibanco Holding SA sponsored ADR	7,533,906		116,022,152
Marcopolo SA (PN)	14,825,800		26,139,152
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored (non-vtg.)	427,400		7,188,868
sponsored ADR	4,038,692		64,376,750
Telefonica Brasil SA	1,008,200		20,263,987
Nonconvertible Preferred Stocks - continued
	Shares		Value
Brazil - continued
TIM Participacoes SA sponsored ADR	651,116		$ 17,332,708
Vale SA (PN-A) sponsored ADR	11,184,900		143,166,720
TOTAL BRAZIL			532,306,482
Chile - 0.2%
Embotelladora Andina SA Class A	5,475,450		16,463,776
Korea (South) - 3.0%
Hyundai Motor Co. Series 2	804,529		134,374,394
Samsung Electronics Co. Ltd.	62,634		64,766,969
Samsung Fire & Marine Insurance Co. Ltd.	327,010		60,089,360
TOTAL KOREA (SOUTH)			259,230,723
Russia - 0.3%
Bashneft OJSC (a)	130,502		5,431,382
Sberbank (Savings Bank of the Russian Federation) (a)	1,179,900		1,887,312
Surgutneftegas	20,859,750		15,372,416
TOTAL RUSSIA			22,691,110
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $775,406,641)		830,692,091

Government Obligations - 0.0%
	Principal Amount
United States of America - 0.0%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.04% 8/21/14 to 9/18/14 (Cost $3,329,946)	$ 3,330,000	3,329,965

Money Market Funds - 3.5%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	220,866,152		$ 220,866,152
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	82,634,735		82,634,735
TOTAL MONEY MARKET FUNDS (Cost $303,500,887)		303,500,887
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $7,379,085,774)			8,787,145,854
NET OTHER ASSETS (LIABILITIES) - (1.4)%			(120,980,562)
NET ASSETS - 100%		$ 8,666,165,292

Legend

(a) Non-income producing

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

(e) Affiliated company

(g) 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	$ 155,961
Fidelity Securities Lending Cash Central Fund	1,404,642
Total	$ 1,560,603

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
58.com, Inc. ADR	$ 822,492	$ 34,361,527	$ 22,590,259	$ -	$ -
Daou Technology, Inc.	16,429,478	1,974,748	17,499,599	138,157	-
ElectroMagnetic GeoServices ASA	9,388,983	6,793,265	8,701,170	-	-
GP Investments Ltd. Class A (depositary receipt)	19,319,221	2,863,651	1,754,508	-	25,156,008
Korean Reinsurance Co.	31,553,914	9,805,925	-	411,974	-
PT Bakrieland Development Tbk	9,799,068	-	620,971	-	-
SREI Infrastructure Finance Ltd.	14,720,963	1,080,445	-	394,699	35,668,868
T4F Entretenimento SA	-	10,445,363	257,508	-	10,097,764
Veripos	14,258,599	-	16,055,355	-	-
Xueda Education Group sponsored ADR	13,792,358	2,858,950	-	558,416	-
Total	$ 130,085,076	$ 70,183,874	$ 67,479,370	$ 1,503,246	$ 70,922,640

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	$ 771,444,005	$ 437,095,099	$ 334,348,906	$ -
Consumer Staples	727,899,404	219,524,452	508,374,952	-
Energy	758,947,643	514,764,356	244,183,287	-
Financials	2,349,761,787	949,618,781	1,400,143,006	-
Health Care	169,837,951	99,327,380	70,510,571	-
Industrials	721,935,723	248,597,761	473,337,962	-
Information Technology	1,400,347,239	237,886,184	1,162,461,055	-
Materials	768,018,313	417,902,674	350,115,639	-
Telecommunication Services	593,748,179	397,703,097	196,045,082	-
Utilities	218,374,758	99,094,444	119,280,314	-
Government Obligations	3,329,965	-	3,329,965	-
Money Market Funds	303,500,887	303,500,887	-	-
Total Investments in Securities:	$ 8,787,145,854	$ 3,925,015,115	$ 4,862,130,739	$ -

Transfers	Total
Level 1 to Level 2	$ 2,554,466,428
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $7,435,278,897. Net unrealized appreciation aggregated $1,351,866,957, of which $1,691,331,844 related to appreciated investment securities and $339,464,887 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.

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series International
Growth Fund

July 31, 2014

1.907949.104

GSV-S-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares		Value
Australia - 3.3%
CSL Ltd.	4,366,100		$ 272,023,478
Sydney Airport unit	17,397,654		69,014,364
Transurban Group unit	12,771,255		91,710,243
TOTAL AUSTRALIA			432,748,085
Austria - 1.0%
Andritz AG	2,547,198		138,138,433
Belgium - 4.6%
Anheuser-Busch InBev SA NV	3,788,281		408,879,652
KBC Groupe SA (a)	3,654,019		198,994,819
TOTAL BELGIUM			607,874,471
Bermuda - 0.6%
Lazard Ltd. Class A	1,527,548		79,890,760
Canada - 0.7%
Canadian Pacific Railway Ltd.	456,100		86,727,393
Cayman Islands - 3.2%
Sands China Ltd.	24,482,400		179,742,223
Tencent Holdings Ltd.	5,495,850		89,251,284
Wynn Macau Ltd.	37,168,200		158,388,973
TOTAL CAYMAN ISLANDS			427,382,480
Denmark - 3.1%
Jyske Bank A/S (Reg.) (a)	1,378,500		78,255,783
Novo Nordisk A/S Series B sponsored ADR	7,326,230		337,372,892
TOTAL DENMARK			415,628,675
Finland - 0.3%
Tikkurila Oyj	1,314,779		33,344,908
France - 1.3%
Remy Cointreau SA (d)	443,300		36,298,693
Safran SA	2,289,186		134,552,859
TOTAL FRANCE			170,851,552
Germany - 4.5%
Bayer AG	1,951,600		258,506,646
Linde AG	1,682,819		344,541,617
TOTAL GERMANY			603,048,263
India - 0.4%
Housing Development Finance Corp. Ltd.	3,156,031		55,271,760
Common Stocks - continued
	Shares		Value
Ireland - 2.3%
CRH PLC sponsored ADR	5,718,105		$ 134,318,286
James Hardie Industries PLC CDI	14,266,311		177,168,439
TOTAL IRELAND			311,486,725
Israel - 0.2%
Azrieli Group	1,019,186		33,198,919
Italy - 0.6%
Azimut Holding SpA	1,364,006		35,287,444
Interpump Group SpA	3,015,349		38,539,876
TOTAL ITALY			73,827,320
Japan - 16.6%
Aozora Bank Ltd.	21,423,000		72,797,207
Astellas Pharma, Inc.	9,641,000		130,737,796
Coca-Cola Central Japan Co. Ltd.	1,883,000		50,328,693
DENSO Corp.	7,755,400		357,722,257
East Japan Railway Co.	943,100		75,548,994
Fanuc Corp.	727,200		125,682,198
Fast Retailing Co. Ltd.	423,300		139,751,716
Japan Tobacco, Inc.	1,873,500		65,886,394
Keyence Corp.	630,100		274,499,845
Mitsui Fudosan Co. Ltd.	6,870,000		226,873,639
Seven Bank Ltd.	21,420,700		85,961,977
SHO-BOND Holdings Co. Ltd. (e)	1,610,900		68,233,327
SoftBank Corp.	3,804,800		273,520,472
USS Co. Ltd.	11,186,000		195,414,260
Yamato Kogyo Co. Ltd.	1,937,700		62,985,148
TOTAL JAPAN			2,205,943,923
Kenya - 0.0%
Safaricom Ltd.	28,000,000		3,890,661
Korea (South) - 0.5%
NAVER Corp.	91,261		65,155,113
Mexico - 0.4%
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	618,112		58,034,536
Netherlands - 1.4%
ING Groep NV (Certificaten Van Aandelen) (a)	14,527,104		188,672,077
Common Stocks - continued
	Shares		Value
South Africa - 1.0%
Clicks Group Ltd.	9,027,484		$ 55,294,708
Naspers Ltd. Class N	675,010		83,765,952
TOTAL SOUTH AFRICA			139,060,660
Spain - 2.2%
Inditex SA	8,575,360		250,957,378
Prosegur Compania de Seguridad SA (Reg.)	5,884,289		39,869,548
TOTAL SPAIN			290,826,926
Sweden - 5.4%
ASSA ABLOY AB (B Shares)	4,136,139		203,862,929
Atlas Copco AB (A Shares) (d)	5,605,932		167,896,778
H&M Hennes & Mauritz AB (B Shares)	3,687,901		151,243,396
Intrum Justitia AB	1,646,400		50,478,908
Svenska Handelsbanken AB (A Shares)	2,919,871		141,248,580
TOTAL SWEDEN			714,730,591
Switzerland - 12.0%
Nestle SA	6,405,886		474,292,249
Novartis AG	2,172,482		189,002,993
Roche Holding AG (participation certificate)	1,914,267		555,531,284
Schindler Holding AG:
(participation certificate)	688,219		103,071,918
(Reg.)	129,619		19,198,589
UBS AG (NY Shares)	14,584,413		250,414,371
TOTAL SWITZERLAND			1,591,511,404
Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	12,027,000		48,103,347
Turkey - 0.6%
Coca-Cola Icecek Sanayi A/S	3,368,278		84,489,893
United Kingdom - 15.7%
Babcock International Group PLC	5,174,861		95,929,162
BAE Systems PLC	1,031,500		7,450,058
Berendsen PLC	1,583,400		27,988,972
BG Group PLC	8,987,422		177,225,315
GlaxoSmithKline PLC	3,328,782		80,219,499
Informa PLC	7,561,193		62,283,178
InterContinental Hotel Group PLC ADR (d)	5,481,027		221,378,681
Johnson Matthey PLC	2,604,527		130,113,827
Prudential PLC	16,744,857		384,861,535
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Reckitt Benckiser Group PLC	3,452,387		$ 305,713,479
Rexam PLC	7,531,046		63,700,472
Rolls-Royce Group PLC	7,702,711		135,246,665
Rotork PLC	812,297		37,974,095
SABMiller PLC	5,052,736		276,218,698
Shaftesbury PLC	3,910,400		44,662,045
Unite Group PLC	5,472,383		37,565,873
TOTAL UNITED KINGDOM			2,088,531,554
United States of America - 15.2%
Autoliv, Inc. (d)	1,402,127		139,525,658
Berkshire Hathaway, Inc. Class B (a)	725,550		91,005,737
BorgWarner, Inc.	3,118,514		194,127,497
Cummins, Inc.	699,427		97,493,130
FMC Technologies, Inc. (a)	1,120,645		68,135,216
Google, Inc.:
Class A (a)	255,197		147,899,421
Class C (a)	122,497		70,019,285
JPMorgan Chase & Co.	641,500		36,995,305
Martin Marietta Materials, Inc. (d)	957,400		118,937,802
MasterCard, Inc. Class A	2,358,510		174,883,517
Mead Johnson Nutrition Co. Class A	726,256		66,408,849
Mohawk Industries, Inc. (a)	689,115		85,980,879
National Oilwell Varco, Inc.	399,941		32,411,219
Oceaneering International, Inc.	714,119		48,495,821
Philip Morris International, Inc.	1,245,992		102,183,804
PriceSmart, Inc.	680,775		56,027,783
ResMed, Inc. (d)	1,321,900		68,395,106
Solera Holdings, Inc.	1,504,814		96,308,096
SS&C Technologies Holdings, Inc. (a)	1,607,844		69,635,724
Union Pacific Corp.	766,800		75,384,108
Visa, Inc. Class A	850,524		179,469,069
TOTAL UNITED STATES OF AMERICA			2,019,723,026
TOTAL COMMON STOCKS (Cost $9,958,154,704)		12,968,093,455
Money Market Funds - 3.7%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	387,597,682		$ 387,597,682
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	111,665,290		111,665,290
TOTAL MONEY MARKET FUNDS (Cost $499,262,972)		499,262,972
TOTAL INVESTMENT PORTFOLIO - 101.2% (Cost $10,457,417,676)			13,467,356,427
NET OTHER ASSETS (LIABILITIES) - (1.2)%			(161,343,374)
NET ASSETS - 100%		$ 13,306,013,053

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	$ 169,563
Fidelity Securities Lending Cash Central Fund	4,959,700
Total	$ 5,129,263

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
SHO-BOND Holdings Co. Ltd.	$ 53,355,078	$ 21,594,816	$ -	$ 789,440	$ 68,233,327
Total	$ 53,355,078	$ 21,594,816	$ -	$ 789,440	$ 68,233,327

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	$ 2,220,282,048	$ 1,189,262,619	$ 1,031,019,429	$ -
Consumer Staples	2,040,057,431	1,040,670,443	999,386,988	-
Energy	326,267,571	149,042,256	177,225,315	-
Financials	2,041,957,831	1,027,519,636	1,014,438,195	-
Health Care	1,891,789,694	664,274,644	1,227,515,050	-
Industrials	1,889,992,547	1,459,803,421	430,189,126	-
Information Technology	1,215,224,701	738,215,112	477,009,589	-
Materials	1,065,110,499	824,956,912	240,153,587	-
Telecommunication Services	277,411,133	3,890,661	273,520,472	-
Money Market Funds	499,262,972	499,262,972	-	-
Total Investments in Securities:	$ 13,467,356,427	$ 7,596,898,676	$ 5,870,457,751	$ -

Transfers	Total
Level 1 to Level 2	$ 1,254,071,660
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $10,465,291,486. Net unrealized appreciation aggregated $3,002,064,941, of which $3,119,085,441 related to appreciated investment securities and $117,020,500 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 Directors (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:

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series International
Small Cap Fund

July 31, 2014

1.907962.104

SCF-S-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.7%
	Shares		Value
Australia - 1.7%
DuluxGroup Ltd.	2,369,294		$ 12,028,154
Imdex Ltd. (a)	6,764,171		4,034,474
RCG Corp. Ltd. (e)	15,294,331		9,300,706
Sydney Airport unit	3,717,686		14,747,605
TFS Corp. Ltd. (a)	6,535,702		10,484,970
TOTAL AUSTRALIA			50,595,909
Austria - 1.4%
Andritz AG	516,024		27,984,769
Zumtobel AG	680,119		14,029,539
TOTAL AUSTRIA			42,014,308
Belgium - 1.4%
Gimv NV (d)	295,309		14,468,912
KBC Ancora (a)	852,473		26,368,742
TOTAL BELGIUM			40,837,654
Bermuda - 0.8%
Lazard Ltd. Class A	262,101		13,707,882
Vostok Nafta Investment Ltd. SDR (a)(d)	1,263,942		9,253,004
TOTAL BERMUDA			22,960,886
Brazil - 0.3%
Arezzo Industria e Comercio SA	681,800		8,600,822
British Virgin Islands - 0.5%
Gem Diamonds Ltd. (a)	4,378,053		14,376,403
Canada - 1.6%
Pason Systems, Inc.	1,177,800		30,018,858
ShawCor Ltd. Class A	343,400		17,381,800
TOTAL CANADA			47,400,658
Denmark - 1.9%
Jyske Bank A/S (Reg.) (a)	493,219		27,999,448
Spar Nord Bank A/S	2,602,747		28,279,551
TOTAL DENMARK			56,278,999
Finland - 0.8%
Tikkurila Oyj (d)	987,867		25,053,895
France - 2.2%
Coface SA	559,000		8,248,789
Laurent-Perrier Group SA	132,224		12,305,291
Remy Cointreau SA (d)	91,354		7,480,331
Common Stocks - continued
	Shares		Value
France - continued
Saft Groupe SA	244,517		$ 9,020,435
Vetoquinol SA	208,127		9,425,379
Virbac SA	88,700		19,003,798
TOTAL FRANCE			65,484,023
Germany - 4.3%
alstria office REIT-AG	789,329		10,451,132
Bilfinger Berger AG	160,962		13,169,260
CompuGroup Medical AG	1,323,715		32,968,883
CTS Eventim AG	1,603,124		47,033,391
Fielmann AG	211,595		26,752,612
TOTAL GERMANY			130,375,278
Greece - 0.9%
Titan Cement Co. SA (Reg.)	877,199		27,016,107
India - 0.5%
Jyothy Laboratories Ltd.	5,154,431		15,405,529
Ireland - 2.2%
FBD Holdings PLC	1,298,400		24,862,302
James Hardie Industries PLC CDI	3,276,486		40,689,560
TOTAL IRELAND			65,551,862
Israel - 1.4%
Azrieli Group	414,179		13,491,448
Ituran Location & Control Ltd.	502,446		11,556,258
Sarine Technologies Ltd.	4,190,000		9,532,736
Strauss Group Ltd.	462,155		9,089,185
TOTAL ISRAEL			43,669,627
Italy - 4.0%
Azimut Holding SpA	1,678,364		43,420,025
Beni Stabili SpA SIIQ (d)	38,598,274		31,398,649
Interpump Group SpA	3,543,666		45,292,418
TOTAL ITALY			120,111,092
Japan - 25.5%
Air Water, Inc.	550,000		8,796,164
Aozora Bank Ltd.	9,703,000		32,971,633
Artnature, Inc. (d)	615,700		18,053,119
Asahi Co. Ltd. (d)	963,100		12,900,992
Autobacs Seven Co. Ltd.	1,070,300		17,512,886
Azbil Corp.	997,700		25,103,840
Common Stocks - continued
	Shares		Value
Japan - continued
Coca-Cola Central Japan Co. Ltd.	993,400		$ 26,551,526
Cosmos Pharmaceutical Corp.	154,600		18,945,680
Daiichikosho Co. Ltd.	122,900		3,645,677
Daikokutenbussan Co. Ltd.	567,600		16,294,303
Glory Ltd.	387,900		12,933,116
Goldcrest Co. Ltd.	1,470,910		29,324,340
Harmonic Drive Systems, Inc. (d)	554,300		21,231,140
Iida Group Holdings Co. Ltd.	927,144		13,814,181
Iwatsuka Confectionary Co. Ltd.	162,300		8,014,387
Kobayashi Pharmaceutical Co. Ltd.	326,400		20,233,934
Koshidaka Holdings Co. Ltd.	110,000		4,346,932
Kyoto Kimono Yuzen Co. Ltd.	360,700		3,549,224
Lasertec Corp. (a)	908,400		9,259,233
Meiko Network Japan Co. Ltd.	514,400		6,574,843
Miraial Co. Ltd. (d)	301,300		5,072,364
Nabtesco Corp.	729,100		16,472,651
Nagaileben Co. Ltd.	1,225,900		24,721,082
ND Software Co. Ltd.	111,268		2,338,328
Nihon M&A Center, Inc.	308,900		8,651,222
Nihon Parkerizing Co. Ltd.	1,618,000		35,715,625
Nippon Seiki Co. Ltd.	721,000		14,166,991
NS Tool Co. Ltd.	1,000		21,072
OBIC Co. Ltd.	912,200		32,382,447
OSG Corp.	2,458,600		42,600,006
San-Ai Oil Co. Ltd.	1,500,000		11,393,895
Seven Bank Ltd.	9,506,500		38,149,899
SHO-BOND Holdings Co. Ltd. (d)	787,800		33,369,058
Shoei Co. Ltd.	550,100		8,752,894
SK Kaken Co. Ltd.	20,000		1,687,649
Software Service, Inc.	175,900		9,057,668
Techno Medica Co. Ltd.	283,000		6,468,562
The Nippon Synthetic Chemical Industry Co. Ltd.	2,720,000		21,069,879
TKC Corp.	344,800		7,293,694
Tocalo Co. Ltd.	458,400		7,830,141
Tsutsumi Jewelry Co. Ltd.	273,600		6,988,238
USS Co. Ltd.	4,862,900		84,952,620
Workman Co. Ltd.	101,400		4,989,548
Yamato Kogyo Co. Ltd.	1,023,500		33,268,978
TOTAL JAPAN			767,471,661
Korea (South) - 2.4%
Bgf Retail (a)	190,312		11,846,052
Common Stocks - continued
	Shares		Value
Korea (South) - continued
Coway Co. Ltd.	507,047		$ 43,700,264
Leeno Industrial, Inc.	474,988		16,475,675
TOTAL KOREA (SOUTH)			72,021,991
Mexico - 0.6%
Consorcio ARA S.A.B. de CV (a)	40,126,127		18,272,261
Netherlands - 3.7%
Aalberts Industries NV	1,369,900		41,851,028
ASM International NV (depositary receipt)	283,800		10,738,992
Heijmans NV (Certificaten Van Aandelen) (d)	1,550,171		22,075,670
VastNed Retail NV	746,955		38,067,996
TOTAL NETHERLANDS			112,733,686
Philippines - 0.4%
Jollibee Food Corp.	3,065,150		12,387,502
South Africa - 1.4%
Alexander Forbes Group Holding (a)	3,740,845		3,035,098
Clicks Group Ltd.	4,317,421		26,444,858
Nampak Ltd.	3,464,770		13,183,122
TOTAL SOUTH AFRICA			42,663,078
Spain - 1.3%
Grifols SA	256,200		11,602,445
Prosegur Compania de Seguridad SA (Reg.) (d)	4,280,933		29,005,860
TOTAL SPAIN			40,608,305
Sweden - 3.2%
Fagerhult AB (d)(e)	2,397,342		47,611,820
Intrum Justitia AB	1,554,303		47,655,198
TOTAL SWEDEN			95,267,018
Switzerland - 0.1%
Zehnder Group AG	69,093		2,740,911
Taiwan - 0.1%
Addcn Technology Co. Ltd.	295,000		3,666,658
Turkey - 1.3%
Albaraka Turk Katilim Bankasi A/S	16,640,671		13,512,585
Coca-Cola Icecek Sanayi A/S	971,544		24,370,212
TOTAL TURKEY			37,882,797
United Kingdom - 20.6%
Advanced Computer Software Group PLC	4,674,531		9,430,953
Common Stocks - continued
	Shares		Value
United Kingdom - continued
Babcock International Group PLC	701,700		$ 13,007,788
Bellway PLC	1,456,300		37,150,523
Berendsen PLC	2,531,809		44,753,524
Britvic PLC	2,768,612		32,789,847
Dechra Pharmaceuticals PLC	1,636,163		19,170,598
Derwent London PLC	447,190		20,203,556
Elementis PLC	7,518,882		34,274,147
Great Portland Estates PLC	2,756,000		29,732,381
H&T Group PLC	1,288,592		3,589,624
Hilton Food Group PLC	901,038		7,214,398
Informa PLC	3,950,785		32,543,468
InterContinental Hotel Group PLC ADR	594,546		24,013,713
ITE Group PLC	3,857,700		13,071,501
Johnson Matthey PLC	433,270		21,644,782
Meggitt PLC	3,112,345		26,719,499
Persimmon PLC	759,100		16,058,304
Rotork PLC	515,000		24,075,749
Shaftesbury PLC	2,990,255		34,152,748
Spectris PLC	1,183,016		38,108,215
Spirax-Sarco Engineering PLC	1,004,400		46,191,645
Ted Baker PLC	559,367		16,129,999
Ultra Electronics Holdings PLC	936,610		28,051,883
Unite Group PLC	6,953,599		47,733,869
TOTAL UNITED KINGDOM			619,812,714
United States of America - 10.2%
ANSYS, Inc. (a)	93,715		7,210,432
Autoliv, Inc.	244,600		24,340,146
Broadridge Financial Solutions, Inc.	236,895		9,563,451
Dril-Quip, Inc. (a)	179,205		18,058,488
Evercore Partners, Inc. Class A	306,700		16,733,552
Kennedy-Wilson Holdings, Inc.	1,192,288		27,899,539
Martin Marietta Materials, Inc. (d)	222,280		27,613,844
Mohawk Industries, Inc. (a)	201,862		25,186,322
Oceaneering International, Inc.	198,667		13,491,476
PriceSmart, Inc.	459,561		37,821,870
ResMed, Inc. (d)	297,800		15,408,172
Solera Holdings, Inc.	670,290		42,898,560
Common Stocks - continued
	Shares		Value
United States of America - continued
SS&C Technologies Holdings, Inc. (a)	860,588		$ 37,272,066
The Rubicon Project, Inc. (d)	339,813		4,047,173
TOTAL UNITED STATES OF AMERICA			307,545,091
TOTAL COMMON STOCKS (Cost $2,142,894,511)		2,908,806,725
Nonconvertible Preferred Stocks - 0.8%

Germany - 0.8%
Sartorius AG (non-vtg.) (Cost $22,926,603)	203,746		24,387,924
Money Market Funds - 4.7%

Fidelity Cash Central Fund, 0.11% (b)	65,357,807		65,357,807
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	76,376,663		76,376,663
TOTAL MONEY MARKET FUNDS (Cost $141,734,470)		141,734,470
TOTAL INVESTMENT PORTFOLIO - 102.2% (Cost $2,307,555,584)			3,074,929,119
NET OTHER ASSETS (LIABILITIES) - (2.2)%			(67,116,046)
NET ASSETS - 100%		$ 3,007,813,073

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	$ 50,996
Fidelity Securities Lending Cash Central Fund	1,048,846
Total	$ 1,099,842

Other Affiliated Issuers

Affiliate	Value, beginning of period	Purchases	Sales Proceeds	Dividend Income	Value, end of period
Fagerhult AB	$ 16,152,472	$ 8,923,943	$ 21,977	$ 747,378	$ 47,611,820
Heijmans NV (Certificaten Van Aandelen)	16,464,500	4,149,550	-	272,842	-
RCG Corp. Ltd.	840,814	9,594,235	-	260,468	9,300,706
Total	$ 33,457,786	$ 22,667,728	$ 21,977	$ 1,280,688	$ 56,912,526

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	$ 536,736,560	$ 289,153,062	$ 247,583,498	$ -
Consumer Staples	292,860,522	157,515,992	135,344,530	-
Energy	90,344,517	78,950,622	11,393,895	-
Financials	587,056,704	486,610,832	100,445,872	-
Health Care	183,983,792	141,398,152	42,585,640	-
Industrials	650,625,743	483,236,996	167,388,747	-
Information Technology	260,649,058	161,395,147	99,253,911	-
Materials	330,937,753	163,162,300	167,775,453	-
Money Market Funds	141,734,470	141,734,470	-	-
Total Investments in Securities:	$ 3,074,929,119	$ 2,103,157,573	$ 971,771,546	$ -

Transfers	Total
Level 1 to Level 2	$ 91,511,308
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $2,321,503,887. Net unrealized appreciation aggregated $753,425,232, of which $810,483,118 related to appreciated investment securities and $57,057,886 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Series International
Value Fund

July 31, 2014

1.907975.104

VSF-S-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.6%
	Shares		Value
Australia - 5.6%
Ansell Ltd.	3,467,096		$ 60,867,245
Australia & New Zealand Banking Group Ltd.	7,277,342		227,210,489
Telstra Corp. Ltd.	14,779,457		74,948,224
Transurban Group unit	12,207,388		87,661,121
Westpac Banking Corp.	9,504,906		302,256,562
TOTAL AUSTRALIA			752,943,641
Bailiwick of Jersey - 1.0%
Shire PLC	879,000		72,349,062
Wolseley PLC	1,181,291		61,745,807
TOTAL BAILIWICK OF JERSEY			134,094,869
Belgium - 1.5%
Anheuser-Busch InBev SA NV	671,730		72,501,678
KBC Groupe SA (a)	1,155,434		62,923,969
UCB SA	741,234		68,128,590
TOTAL BELGIUM			203,554,237
Canada - 1.0%
Imperial Oil Ltd.	1,290,200		66,205,063
Potash Corp. of Saskatchewan, Inc.	1,824,800		64,784,710
TOTAL CANADA			130,989,773
Denmark - 1.1%
A.P. Moller - Maersk A/S Series B	43,153		100,671,217
Vestas Wind Systems A/S (a)	870,800		39,394,153
TOTAL DENMARK			140,065,370
Finland - 1.0%
Sampo Oyj (A Shares)	2,761,713		137,568,271
France - 15.4%
Arkema SA	557,987		51,868,715
Atos Origin SA	1,297,613		101,404,509
AXA SA	5,610,173		129,136,475
BNP Paribas SA	2,980,718		197,570,858
Cap Gemini SA	1,612,305		117,080,239
GDF Suez	4,993,053		128,704,492
Havas SA	9,674,642		75,785,752
Orange SA	6,667,900		104,414,762
Renault SA	901,392		75,281,149
Sanofi SA	3,150,927		330,818,687
Schneider Electric SA	899,205		76,121,967
Common Stocks - continued
	Shares		Value
France - continued
Total SA	8,409,522		$ 542,369,771
Vivendi SA	5,119,783		128,680,465
TOTAL FRANCE			2,059,237,841
Germany - 6.8%
Allianz SE	1,303,795		217,063,748
BASF AG	2,409,627		250,514,082
Bayer AG	825,214		109,306,878
Continental AG	414,933		89,787,551
Fresenius SE & Co. KGaA	605,600		90,742,920
GEA Group AG	1,346,697		60,671,848
Siemens AG	780,277		96,361,249
TOTAL GERMANY			914,448,276
Ireland - 0.7%
Actavis PLC (a)	436,900		93,610,194
Israel - 1.0%
Teva Pharmaceutical Industries Ltd. sponsored ADR	2,578,192		137,933,272
Italy - 1.0%
Intesa Sanpaolo SpA	20,292,300		60,260,489
Telecom Italia SpA (a)(d)	66,469,600		76,592,422
TOTAL ITALY			136,852,911
Japan - 19.0%
AEON Mall Co. Ltd.	2,217,700		51,968,459
Astellas Pharma, Inc.	8,274,800		112,211,297
Dentsu, Inc.	1,828,100		72,403,881
East Japan Railway Co.	1,198,700		96,024,366
Hitachi Ltd.	14,274,000		110,634,959
Honda Motor Co. Ltd.	5,300,500		184,516,095
Hoya Corp.	3,463,200		112,133,448
Itochu Corp.	13,553,200		172,569,356
Japan Tobacco, Inc.	5,587,100		196,484,585
KDDI Corp.	1,761,300		101,244,672
Mitsubishi Electric Corp.	5,593,000		73,836,186
Mitsubishi UFJ Financial Group, Inc.	43,096,500		254,153,152
Mitsui Fudosan Co. Ltd.	1,858,000		61,358,256
Mizuho Financial Group, Inc.	63,852,800		123,968,482
Nippon Telegraph & Telephone Corp.	2,800,500		185,965,242
OMRON Corp.	1,488,300		66,010,189
ORIX Corp.	6,887,100		111,304,372
Common Stocks - continued
	Shares		Value
Japan - continued
Seven & i Holdings Co., Ltd.	3,521,300		$ 146,541,049
Seven Bank Ltd.	16,443,800		65,989,513
SoftBank Corp.	940,400		67,603,725
Sony Financial Holdings, Inc.	4,383,200		71,785,615
Sumitomo Mitsui Trust Holdings, Inc.	24,727,000		107,604,642
TOTAL JAPAN			2,546,311,541
Korea (South) - 0.8%
Hyundai Motor Co.	437,299		103,506,290
Luxembourg - 0.5%
RTL Group SA	582,839		59,353,266
Netherlands - 1.7%
ING Groep NV (Certificaten Van Aandelen) (a)	9,418,834		122,327,958
Reed Elsevier NV	1,721,749		38,790,172
Unilever NV (Certificaten Van Aandelen) (Bearer)	1,597,569		65,749,551
TOTAL NETHERLANDS			226,867,681
Norway - 0.9%
Statoil ASA	4,261,500		121,770,562
Singapore - 0.8%
Singapore Telecommunications Ltd.	32,090,000		104,372,870
Spain - 2.9%
Amadeus IT Holding SA Class A (d)	1,887,274		74,551,051
Banco Bilbao Vizcaya Argentaria SA	12,751,500		156,750,411
Iberdrola SA	15,984,700		119,136,404
International Consolidated Airlines Group SA CDI (a)	7,290,936		40,719,122
TOTAL SPAIN			391,156,988
Sweden - 2.3%
Meda AB (A Shares)	3,500,000		56,471,253
Nordea Bank AB	12,863,333		173,047,650
Svenska Cellulosa AB (SCA) (B Shares)	3,303,962		81,662,683
TOTAL SWEDEN			311,181,586
Switzerland - 6.6%
Nestle SA	3,517,568		260,440,982
Novartis AG	4,272,255		371,680,401
Roche Holding AG (participation certificate)	307,088		89,118,703
Common Stocks - continued
	Shares		Value
Switzerland - continued
Syngenta AG (Switzerland)	166,682		$ 59,047,817
UBS AG (NY Shares)	5,911,071		101,493,089
TOTAL SWITZERLAND			881,780,992
United Kingdom - 23.9%
AstraZeneca PLC (United Kingdom)	3,084,808		225,241,902
BAE Systems PLC	18,360,350		132,608,499
Barclays PLC	42,034,690		159,340,622
BG Group PLC	4,367,700		86,127,814
BHP Billiton PLC	8,309,248		283,445,302
BT Group PLC	13,991,397		91,600,325
Bunzl PLC	4,296,529		115,408,434
Compass Group PLC	7,867,217		128,505,503
GlaxoSmithKline PLC	2,733,808		65,881,367
HSBC Holdings PLC sponsored ADR (d)	6,232,688		332,763,212
Imperial Tobacco Group PLC	4,241,640		184,113,445
Informa PLC	9,089,498		74,872,156
ITV PLC	34,657,585		122,115,381
Jazztel PLC (a)	2,334,060		31,473,010
Liberty Global PLC Class A (a)	1,559,900		64,891,840
National Grid PLC	15,256,028		217,295,242
Next PLC	628,400		71,824,807
Prudential PLC	4,735,396		108,837,703
Reed Elsevier PLC	7,457,310		120,173,235
Royal Dutch Shell PLC Class A sponsored ADR	3,535,513		289,311,029
Standard Chartered PLC (United Kingdom)	2,553,319		53,108,668
Vodafone Group PLC sponsored ADR	6,968,266		231,485,797
TOTAL UNITED KINGDOM			3,190,425,293
United States of America - 2.1%
AbbVie, Inc.	1,825,929		95,569,124
Cabot Corp.	1,140,878		59,770,598
ResMed, Inc. CDI	13,374,620		67,849,242
T-Mobile U.S., Inc. (a)	1,528,300		50,342,202
TOTAL UNITED STATES OF AMERICA			273,531,166
TOTAL COMMON STOCKS (Cost $11,831,178,979)		13,051,556,890
Nonconvertible Preferred Stocks - 1.1%
	Shares		Value
Germany - 1.1%
Volkswagen AG (Cost $140,051,859)	648,590		$ 151,595,705
Money Market Funds - 2.9%

Fidelity Cash Central Fund, 0.11% (b)	208,741,509		208,741,509
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	178,762,168		178,762,168
TOTAL MONEY MARKET FUNDS (Cost $387,503,677)		387,503,677
TOTAL INVESTMENT PORTFOLIO - 101.6% (Cost $12,358,734,515)			13,590,656,272
NET OTHER ASSETS (LIABILITIES) - (1.6)%			(218,679,987)
NET ASSETS - 100%		$ 13,371,976,285

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	$ 133,874
Fidelity Securities Lending Cash Central Fund	9,594,145
Total	$ 9,728,019

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	$ 1,433,402,783	$ 1,072,976,517	$ 360,426,266	$ -
Consumer Staples	1,007,493,973	265,776,128	741,717,845	-
Energy	1,105,784,239	355,516,092	750,268,147	-
Financials	3,389,792,665	1,187,612,192	2,202,180,473	-
Health Care	2,047,780,137	651,762,231	1,396,017,906	-
Industrials	1,153,793,325	627,341,047	526,452,278	-
Information Technology	581,814,395	293,035,799	288,778,596	-
Materials	769,431,224	426,938,105	342,493,119	-
Telecommunication Services	1,248,723,716	441,981,474	806,742,242	-
Utilities	465,136,138	247,840,896	217,295,242	-
Money Market Funds	387,503,677	387,503,677	-	-
Total Investments in Securities:	$ 13,590,656,272	$ 5,958,284,158	$ 7,632,372,114	$ -

Transfers	Total
Level 1 to Level 2	$ 1,066,257,986
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $12,381,054,891. Net unrealized appreciation aggregated $1,209,601,381, of which $1,568,868,422 related to appreciated investment securities and $359,267,041 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor® Total Emerging Markets Fund
Class A
Class T
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class C
and Institutional Class are classes of
Fidelity® Total Emerging Markets Fund

1.931274.102

ATEK-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 66.4%
	Shares		Value
Argentina - 0.3%
Grupo Financiero Galicia SA sponsored ADR	7,910		$ 127,509
YPF SA Class D sponsored ADR	4,082		144,421
TOTAL ARGENTINA			271,930
Austria - 0.1%
C.A.T. oil AG (Bearer)	5,331		102,758
Bailiwick of Jersey - 0.1%
Atrium European Real Estate Ltd.	15,770		88,057
Petrofac Ltd.	100		1,852
TOTAL BAILIWICK OF JERSEY			89,909
Bermuda - 1.8%
Aquarius Platinum Ltd. (Australia) (a)	415,044		172,003
BW Offshore Ltd.	70,844		94,100
Cosan Ltd. Class A	11,763		141,979
Golar LNG Ltd.	3,300		203,313
GP Investments Ltd. Class A (depositary receipt) (a)	76,222		166,303
Hoegh LNG Holdings Ltd. (a)	8,518		107,384
Odfjell Drilling A/S	20,215		103,867
Shangri-La Asia Ltd.	124,000		195,603
Yue Yuen Industrial (Holdings) Ltd.	80,500		269,018
TOTAL BERMUDA			1,453,570
Brazil - 3.1%
BM&F BOVESPA SA	48,780		260,375
BR Properties SA	21,880		135,306
Cosan SA Industria e Comercio	7,529		123,351
Estacio Participacoes SA	12,800		158,819
Fibria Celulose SA (a)	17,200		168,835
Kroton Educacional SA	10,220		272,173
Light SA	8,952		84,045
Localiza Rent A Car SA	16,700		265,875
Mills Estruturas e Servicos de Engenharia SA	16,700		174,011
Minerva SA (a)	53,100		270,093
Qualicorp SA (a)	8,800		101,818
Smiles SA	14,200		247,229
T4F Entretenimento SA (a)	31,400		70,447
Ultrapar Participacoes SA	6,800		156,606
TOTAL BRAZIL			2,488,983
British Virgin Islands - 0.1%
Luxoft Holding, Inc. (a)	1,500		47,685
Common Stocks - continued
	Shares		Value
Canada - 0.7%
First Quantum Minerals Ltd.	5,500		$ 130,444
Goldcorp, Inc.	8,500		232,778
Pan American Silver Corp.	9,600		140,928
Torex Gold Resources, Inc. (a)	46,600		64,963
TOTAL CANADA			569,113
Cayman Islands - 5.3%
58.com, Inc. ADR	5,250		258,038
Anta Sports Products Ltd.	109,000		179,155
Anton Oilfield Services Group	66,000		37,078
Bloomage BioTechnology Corp. Ltd.	20,000		49,430
China Lodging Group Ltd. ADR (a)	7,400		184,630
Cimc Enric Holdings Ltd.	130,000		154,790
Eurasia Drilling Co. Ltd. GDR (Reg. S)	6,134		186,106
GCL-Poly Energy Holdings Ltd. (a)	1,479,000		477,472
Greatview Aseptic Pack Co. Ltd.	281,000		218,740
Haitian International Holdings Ltd.	63,000		147,585
Hengan International Group Co. Ltd.	27,500		294,202
Hilong Holding Ltd.	305,000		171,027
On-Bright Electronics, Inc.	2,000		13,794
Silergy Corp.	7,190		59,676
SINA Corp. (a)	1,751		84,731
Tencent Holdings Ltd.	65,700		1,066,952
Tingyi (Cayman Islands) Holding Corp.	84,000		237,848
Uni-President China Holdings Ltd.	240,600		197,437
Xueda Education Group sponsored ADR	24,400		108,824
Yingde Gases Group Co. Ltd.	145,500		158,805
TOTAL CAYMAN ISLANDS			4,286,320
Chile - 1.0%
Banco Santander Chile	3,170,474		201,359
Embotelladora Andina SA ADR	1,800		32,490
Empresa Nacional de Electricidad SA	108,573		161,200
Empresa Nacional de Telecomunicaciones SA (ENTEL)	7,939		96,443
Inversiones La Construccion SA	12,851		154,339
Vina Concha y Toro SA	66,595		130,389
TOTAL CHILE			776,220
China - 5.0%
Anhui Conch Cement Co. Ltd. (H Shares)	45,000		168,359
BBMG Corp. (H Shares)	184,500		143,700
China Life Insurance Co. Ltd. (H Shares)	209,650		622,634
China Pacific Insurance Group Co. Ltd. (H Shares)	129,400		508,241
Common Stocks - continued
	Shares		Value
China - continued
China Petroleum & Chemical Corp. (H Shares)	246,000		$ 240,835
China Suntien Green Energy Corp. Ltd. (H Shares)	423,950		131,525
China Telecom Corp. Ltd. (H Shares)	582,657		328,411
Industrial & Commercial Bank of China Ltd. (H Shares)	1,521,000		1,037,349
Maanshan Iron & Steel Ltd. (H Shares) (a)	588,000		137,135
PetroChina Co. Ltd.:
(H Shares)	88,000		114,054
sponsored ADR	500		64,535
PICC Property & Casualty Co. Ltd. (H Shares)	260,500		421,214
Sinopec Engineering Group Co. Ltd. (H Shares) (e)	142,500		162,463
TOTAL CHINA			4,080,455
Colombia - 0.5%
BanColombia SA sponsored ADR	6,611		412,593
Denmark - 0.9%
Auriga Industries A/S Series B (a)	3,181		171,384
Vestas Wind Systems A/S (a)	11,949		540,561
TOTAL DENMARK			711,945
Egypt - 0.1%
Citadel Capital Corp. (a)	149,900		90,359
France - 0.1%
Technip SA	1,229		113,470
Greece - 0.4%
National Bank of Greece SA (a)	80,560		256,462
Public Power Corp. of Greece	6,536		95,835
TOTAL GREECE			352,297
Hong Kong - 1.4%
China Power International Development Ltd.	347,300		145,626
China Resources Power Holdings Co. Ltd.	55,231		154,289
China Unicom Ltd.	158,200		276,360
CNOOC Ltd.	126,000		222,878
CNOOC Ltd. sponsored ADR	400		70,668
Far East Horizon Ltd.	246,000		188,637
Sinotruk Hong Kong Ltd.	211,000		111,589
TOTAL HONG KONG			1,170,047
India - 5.7%
Adani Ports & Special Economic Zone	69,388		296,502
Axis Bank Ltd.	107,860		713,447
Bharti Airtel Ltd. (a)	55,121		338,014
Common Stocks - continued
	Shares		Value
India - continued
Bharti Infratel Ltd. (a)	72,745		$ 307,246
Eicher Motors Ltd.	1,860		260,425
Grasim Industries Ltd.	3,827		221,564
ITC Ltd.	80,387		470,428
JK Cement Ltd.	17,590		112,497
Lupin Ltd.	13,707		289,729
MindTree Consulting Ltd.	2,244		38,830
Petronet LNG Ltd.	83,278		250,337
Phoenix Mills Ltd.	42,054		244,398
Power Grid Corp. of India Ltd.	57,295		125,439
SREI Infrastructure Finance Ltd.	313,747		235,786
State Bank of India	4,855		193,913
Tata Consultancy Services Ltd.	3,970		168,713
Tech Mahindra Ltd.	2,892		102,300
Yes Bank Ltd.	22,908		201,956
TOTAL INDIA			4,571,524
Indonesia - 1.9%
PT AKR Corporindo Tbk	422,800		159,456
PT Bakrieland Development Tbk (a)	18,493,700		78,432
PT Bank Rakyat Indonesia Tbk	546,600		524,283
PT Bank Tabungan Negara Tbk	1,290,900		119,396
PT Kalbe Farma Tbk	1,570,900		231,997
PT Lippo Karawaci Tbk	1,361,700		128,636
PT MNC Sky Vision Tbk	183,800		30,277
PT Telkomunikasi Indonesia Tbk sponsored ADR	5,420		243,412
TOTAL INDONESIA			1,515,889
Israel - 0.4%
Bezeq The Israeli Telecommunication Corp. Ltd.	160,950		300,614
Kenya - 0.2%
Equity Bank Ltd. (a)	356,200		183,577
Korea (South) - 12.7%
AMOREPACIFIC Group, Inc.	586		502,976
Daewoo International Corp.	23,269		837,629
E-Mart Co. Ltd.	1,662		373,141
Fila Korea Ltd.	1,206		104,886
Hana Financial Group, Inc.	13,591		547,268
Hankook Shell Oil Co. Ltd.	204		100,289
Hyundai Industrial Development & Construction Co.	6,540		242,756
Hyundai Mobis	2,113		631,113
KB Financial Group, Inc.	8,956		349,810
Common Stocks - continued
	Shares		Value
Korea (South) - continued
KEPCO Plant Service & Engineering Co. Ltd.	2,505		$ 180,200
Korea Electric Power Corp.	5,538		228,499
Korea Zinc Co. Ltd.	492		196,971
Korean Reinsurance Co.	26,677		291,830
KT&G Corp.	3,514		339,417
LG Chemical Ltd.	1,204		336,879
LG Corp.	4,041		270,575
NAVER Corp.	925		660,397
Oci Co. Ltd. (a)	833		130,846
Samsung C&T Corp.	4,268		302,847
Samsung Electronics Co. Ltd.	1,867		2,415,944
Seoul Semiconductor Co. Ltd.	5,434		149,950
Shinhan Financial Group Co. Ltd.	13,892		685,994
SK Hynix, Inc. (a)	4,717		205,205
SK Telecom Co. Ltd. sponsored ADR	6,215		175,947
TOTAL KOREA (SOUTH)			10,261,369
Luxembourg - 0.1%
Globant SA (a)	3,800		43,016
Mexico - 3.9%
America Movil S.A.B. de CV Series L sponsored ADR	28,343		668,045
CEMEX S.A.B. de CV sponsored ADR	21,208		266,372
El Puerto de Liverpool S.A.B. de CV Class C	19,300		214,840
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	5,150		483,534
Gruma S.A.B. de CV Series B (a)	10,800		118,195
Grupo Comercial Chedraui S.A.B. de CV	71,176		233,449
Grupo Financiero Banorte S.A.B. de CV Series O	59,350		394,440
Grupo Televisa SA de CV (CPO) sponsored ADR	18,300		651,297
Macquarie Mexican (REIT)	71,320		143,935
TOTAL MEXICO			3,174,107
Nigeria - 1.4%
Guaranty Trust Bank PLC	489,345		90,373
Guaranty Trust Bank PLC GDR (Reg. S)	37,730		339,570
Transnational Corp. of Nigeria PLC	1,631,509		55,425
Zenith Bank PLC	3,967,665		614,633
TOTAL NIGERIA			1,100,001
Norway - 0.2%
ElectroMagnetic GeoServices ASA (a)	40,540		36,114
Spectrum ASA (a)	2,283		13,946
Common Stocks - continued
	Shares		Value
Norway - continued
Statoil ASA	3,600		$ 102,868
TGS Nopec Geophysical Co. ASA	82		2,335
TOTAL NORWAY			155,263
Panama - 0.3%
Copa Holdings SA Class A	1,830		277,922
Philippines - 1.5%
Alliance Global Group, Inc.	354,100		212,026
LT Group, Inc.	463,600		168,801
Metropolitan Bank & Trust Co.	166,894		327,174
PNOC Energy Development Corp.	616,200		86,279
Robinsons Land Corp.	868,800		449,001
TOTAL PHILIPPINES			1,243,281
Poland - 0.5%
Cyfrowy Polsat SA	24,800		185,982
Powszechny Zaklad Ubezpieczen SA	1,455		205,173
TOTAL POLAND			391,155
Puerto Rico - 0.1%
Popular, Inc. (a)	3,430		109,417
Romania - 0.1%
SNGN Romgaz SA GDR (e)	4,369		45,831
Russia - 2.3%
Bashneft OJSC rights 12/31/99 (a)	150		0
E.ON Russia JSC (a)	2,169,400		145,810
Gazprom OAO sponsored:
ADR	12,432		91,127
ADR (Reg. S)	45,300		332,955
LUKOIL Oil Co. sponsored ADR (United Kingdom)	3,100		173,755
Mobile TeleSystems OJSC	28,481		219,940
Mobile TeleSystems OJSC sponsored ADR	200		3,586
NOVATEK OAO GDR (Reg. S)	1,200		124,620
Sberbank (Savings Bank of the Russian Federation) (a)	331,650		683,188
TMK OAO GDR (Reg. S)	11,400		102,600
TOTAL RUSSIA			1,877,581
Singapore - 0.6%
Ezion Holdings Ltd.	60,200		103,096
First Resources Ltd.	213,000		384,308
TOTAL SINGAPORE			487,404
Common Stocks - continued
	Shares		Value
South Africa - 3.7%
Alexander Forbes Group Holding (a)	111,459		$ 90,431
Aspen Pharmacare Holdings Ltd.	13,637		369,508
Barclays Africa Group Ltd.	12,479		194,930
Bidvest Group Ltd.	11,869		319,809
Impala Platinum Holdings Ltd. (a)	15,000		148,741
JSE Ltd.	11,450		106,032
Life Healthcare Group Holdings Ltd.	62,500		257,041
MTN Group Ltd.	27,337		566,982
Naspers Ltd. Class N	7,800		967,948
TOTAL SOUTH AFRICA			3,021,422
Taiwan - 5.7%
Cathay Financial Holding Co. Ltd.	178,600		296,473
E.SUN Financial Holdings Co. Ltd.	225,582		149,657
EGiS Technology, Inc. (a)	1,219		3,769
Hon Hai Precision Industry Co. Ltd. (Foxconn)	156,950		536,522
MediaTek, Inc.	52,000		802,819
Taiwan Fertilizer Co. Ltd.	148,900		301,151
Taiwan Semiconductor Manufacturing Co. Ltd.	326,000		1,303,874
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	23,542		470,840
Unified-President Enterprises Corp.	241,739		459,078
Universal Cement Corp.	88,740		85,823
Voltronic Power Technology Corp.	1,000		6,987
Yuanta Financial Holding Co. Ltd.	313,300		173,573
TOTAL TAIWAN			4,590,566
Thailand - 0.9%
Kasikornbank PCL (For. Reg.)	55,960		367,509
SPCG Public Co. Ltd. (a)	43,400		33,371
Thai Union Frozen Products PCL (For. Reg.)	105,500		214,097
Total Access Communication PCL NVDR	26,450		84,539
TOTAL THAILAND			699,516
Togo - 0.3%
Ecobank Transnational, Inc.	2,665,687		271,673
Turkey - 1.3%
Aygaz A/S	19,157		82,250
Tupras Turkiye Petrol Rafinelleri A/S	9,100		222,319
Turkcell Iletisim Hizmet A/S sponsored ADR (a)	8,830		144,282
Turkiye Garanti Bankasi A/S	58,100		239,269
Turkiye Halk Bankasi A/S	43,740		330,683
TOTAL TURKEY			1,018,803
Common Stocks - continued
	Shares		Value
United Arab Emirates - 0.2%
First Gulf Bank PJSC	34,602		$ 171,453
United Kingdom - 0.5%
Antofagasta PLC	7,600		103,996
BG Group PLC	7,900		155,782
Cairn Energy PLC (a)	49,910		148,640
UBS AG London Branch warrants 6/29/15 (a)	8,100		26,094
TOTAL UNITED KINGDOM			434,512
United States of America - 1.0%
21Vianet Group, Inc. ADR (a)	2,888		80,373
Cognizant Technology Solutions Corp. Class A (a)	8,120		398,286
Facebook, Inc. Class A (a)	4,506		327,361
TOTAL UNITED STATES OF AMERICA			806,020
TOTAL COMMON STOCKS (Cost $43,631,175)		53,769,570
Nonconvertible Preferred Stocks - 7.2%

Brazil - 4.6%
Ambev SA sponsored ADR	29,600		203,944
Banco do Estado Rio Grande do Sul SA	45,100		229,401
Braskem SA (PN-A)	30,000		185,521
Companhia Paranaense de Energia-Copel:
(PN-B)	515		7,990
(PN-B) sponsored	4,185		65,035
Gerdau SA sponsored	45,900		269,892
Itau Unibanco Holding SA sponsored ADR	52,598		810,009
Marcopolo SA (PN)	108,200		190,766
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored (non-vtg.)	2,906		48,879
sponsored ADR	27,221		433,903
Telefonica Brasil SA	6,790		136,473
TIM Participacoes SA sponsored ADR	4,360		116,063
Vale SA (PN-A) sponsored ADR	78,100		999,680
TOTAL BRAZIL			3,697,556
Chile - 0.1%
Embotelladora Andina SA Class A	39,286		118,127
Korea (South) - 2.3%
Hyundai Motor Co. Series 2	5,613		937,497
Nonconvertible Preferred Stocks - continued
	Shares		Value
Korea (South) - continued
Samsung Electronics Co. Ltd.	437		$ 451,882
Samsung Fire & Marine Insurance Co. Ltd.	2,344		430,719
TOTAL KOREA (SOUTH)			1,820,098
Russia - 0.2%
Bashneft OJSC (a)	900		37,457
Sberbank (Savings Bank of the Russian Federation) (a)	8,100		12,956
Surgutneftegas	140,450		103,503
TOTAL RUSSIA			153,916
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $5,449,699)		5,789,697

Nonconvertible Bonds - 7.2%
		Principal Amount (c)
Azerbaijan - 0.3%
International Bank of Azerbaijan OJSC 5.625% 6/11/19 (Reg. S)		$ 200,000		198,500
Canada - 0.5%
Pacific Rubiales Energy Corp. 7.25% 12/12/21 (e)		400,000		436,000
Georgia - 0.4%
Georgia Bank Joint Stock Co. 7.75% 7/5/17 (e)		300,000		320,250
Indonesia - 0.2%
PT Pertamina Persero 5.625% 5/20/43 (e)		200,000		189,250
Ireland - 0.1%
Vnesheconombank Via VEB Finance PLC 6.8% 11/22/25 (e)		100,000		94,750
Kazakhstan - 0.9%
KazMunaiGaz National Co. 5.75% 4/30/43 (e)		300,000		295,560
Zhaikmunai International BV 7.125% 11/13/19 (e)		400,000		435,000
TOTAL KAZAKHSTAN				730,560
Luxembourg - 0.4%
Millicom International Cellular SA 4.75% 5/22/20 (e)		200,000		197,500
RSHB Capital SA 6.299% 5/15/17 (Reg. S)		100,000		99,250
TOTAL LUXEMBOURG				296,750
Nonconvertible Bonds - continued
		Principal Amount (c)		Value
Mexico - 1.1%
America Movil S.A.B. de CV 6.45% 12/5/22 (c)	MXN	9,750,000		$ 722,586
Petroleos Mexicanos 6.375% 1/23/45 (e)		175,000		201,250
TOTAL MEXICO				923,836
Morocco - 0.3%
OCP SA 6.875% 4/25/44 (e)		200,000		212,000
Netherlands - 0.4%
Indosat Palapa Co. BV 7.375% 7/29/20 (e)		100,000		107,000
Mozambique Ematum Finance 2020 6.305% 9/11/20 (Reg. S)		200,000		201,448
TOTAL NETHERLANDS				308,448
Nigeria - 0.3%
Zenith Bank PLC 6.25% 4/22/19 (e)		200,000		199,000
Paraguay - 0.3%
Banco Regl Saeca 8.125% 1/24/19 (e)		200,000		221,000
Trinidad & Tobago - 0.2%
Petroleum Co. of Trinidad & Tobago Ltd. 9.75% 8/14/19 (e)		150,000		189,375
Turkey - 0.2%
Arcelik A/S 5% 4/3/23 (e)		200,000		193,750
Venezuela - 1.6%
Petroleos de Venezuela SA:
5.5% 4/12/37		500,000		285,000
6% 11/15/26 (Reg. S)		700,000		432,600
8.5% 11/2/17 (e)		250,000		232,813
9% 11/17/21 (Reg. S)		150,000		127,500
9.75% 5/17/35 (e)		300,000		243,000
TOTAL VENEZUELA				1,320,913
TOTAL NONCONVERTIBLE BONDS (Cost $5,657,949)			5,834,382
Government Obligations - 15.7%

Armenia - 0.5%
Republic of Armenia 6% 9/30/20 (e)		400,000		420,000
Government Obligations - continued
		Principal Amount (c)		Value
Azerbaijan - 0.7%
Azerbaijan Republic 4.75% 3/18/24 (e)		$ 200,000		$ 206,500
State Oil Co. of Azerbaijan Republic 4.75% 3/13/23 (Reg. S)		325,000		324,188
TOTAL AZERBAIJAN				530,688
Barbados - 0.4%
Barbados Government 7% 8/4/22 (e)		350,000		317,457
Belarus - 0.4%
Belarus Republic 8.75% 8/3/15 (Reg. S)		325,000		331,500
Belize - 0.3%
Belize Government 5% 2/20/38 (d)(e)		332,500		236,906
Bolivia - 0.2%
Plurinational State of Bolivia 4.875% 10/29/22 (e)		200,000		203,500
Congo - 0.4%
Congo Republic 3.5% 6/30/29 (d)		312,550		289,753
Costa Rica - 0.3%
Costa Rican Republic 7% 4/4/44 (e)		200,000		210,000
Dominican Republic - 0.5%
Dominican Republic:
5.875% 4/18/24 (e)		150,000		155,250
7.45% 4/30/44 (e)		200,000		213,000
TOTAL DOMINICAN REPUBLIC				368,250
El Salvador - 0.2%
El Salvador Republic 7.625% 2/1/41 (e)		150,000		161,250
Ghana - 0.2%
Ghana Republic 7.875% 8/7/23 (Reg.S)		200,000		193,624
Guatemala - 0.2%
Guatemalan Republic 4.875% 2/13/28 (e)		200,000		201,000
Honduras - 0.3%
Republic of Honduras 7.5% 3/15/24 (e)		200,000		204,500
Hungary - 0.5%
Hungarian Republic 7.625% 3/29/41		350,000		445,375
Indonesia - 0.3%
Indonesian Republic 6.75% 1/15/44 (e)		200,000		238,750
Iraq - 0.5%
Republic of Iraq 5.8% 1/15/28 (Reg. S)		500,000		445,000
Government Obligations - continued
		Principal Amount (c)		Value
Ivory Coast - 0.6%
Ivory Coast:
5.375% 7/23/24 (e)		$ 200,000		$ 194,500
7.7743% 12/31/32 (d)		275,000		269,888
TOTAL IVORY COAST				464,388
Jamaica - 0.2%
Jamaican Government 8% 6/24/19		150,000		160,875
Jordan - 0.4%
Jordanian Kingdom 3.875% 11/12/15		300,000		301,875
Kenya - 0.3%
Republic of Kenya 6.875% 6/24/24 (e)		200,000		212,290
Lebanon - 0.3%
Lebanese Republic 11.625% 5/11/16 (Reg. S)		250,000		283,125
Mongolia - 0.2%
Mongolian People's Republic 5.125% 12/5/22 (Reg. S)		200,000		172,000
Morocco - 0.2%
Moroccan Kingdom 5.5% 12/11/42 (e)		200,000		197,624
Pakistan - 0.3%
Islamic Republic of Pakistan 7.25% 4/15/19 (e)		200,000		208,000
Panama - 0.2%
Panamanian Republic 4.3% 4/29/53		200,000		173,500
Peru - 0.4%
Peruvian Republic 8.75% 11/21/33		200,000		305,000
Philippines - 0.3%
Philippine Republic 9.5% 2/2/30		150,000		235,500
Romania - 0.3%
Romanian Republic 6.125% 1/22/44 (e)		200,000		227,500
Russia - 1.2%
Russian Federation:
5.625% 4/4/42 (e)		200,000		200,000
5.875% 9/16/43 (e)		400,000		404,000
12.75% 6/24/28 (Reg. S)		225,000		373,545
TOTAL RUSSIA				977,545
Senegal - 0.3%
Republic of Senegal 8.75% 5/13/21 (e)		200,000		233,040
Serbia - 0.4%
Republic of Serbia 7.25% 9/28/21 (e)		260,000		299,975
Government Obligations - continued
		Principal Amount (c)		Value
Slovenia - 0.5%
Republic of Slovenia:
4.75% 5/10/18 (e)		$ 200,000		$ 214,000
5.85% 5/10/23 (e)		200,000		223,000
TOTAL SLOVENIA				437,000
Sri Lanka - 0.4%
Democratic Socialist Republic of Sri Lanka 6.25% 10/4/20 (e)		300,000		318,750
Tanzania - 0.3%
United Republic of Tanzania 6.332% 3/9/20 (g)		200,000		214,500
Turkey - 0.4%
Turkish Republic 11.875% 1/15/30		165,000		286,478
Ukraine - 0.5%
Ukraine Government:
6.58% 11/21/16 (e)		250,000		238,750
6.75% 11/14/17 (e)		200,000		190,100
TOTAL UKRAINE				428,850
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.03% 8/21/14 to 9/25/14 (f)		110,000		109,998
Venezuela - 1.5%
Venezuelan Republic:
7% 3/31/38		650,000		447,850
7.65% 4/21/25		600,000		450,000
8.25% 10/13/24		300,000		234,750
9% 5/7/23 (Reg. S)		100,000		83,750
TOTAL VENEZUELA				1,216,350
Vietnam - 0.3%
Vietnamese Socialist Republic 6.75% 1/29/20 (e)		200,000		226,250
Zambia - 0.2%
Republic of Zambia 5.375% 9/20/22 (e)		200,000		192,250
TOTAL GOVERNMENT OBLIGATIONS (Cost $12,021,858)			12,680,216

Money Market Funds - 3.5%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b) (Cost $2,856,441)	2,856,441		$ 2,856,441
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $69,617,122)			80,930,306
NET OTHER ASSETS (LIABILITIES) - 0.0%			(14,766)
NET ASSETS - 100%		$ 80,915,540

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
25 NYSE E-mini MSCI Emerging Markets Index Contracts	Sept. 2014	$ 1,318,250	$ (5,325)

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

Currency Abbreviations
MXN	-	Mexican peso

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.

(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 $109,998.

(g) 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	$ 1,295
Fidelity Securities Lending Cash Central Fund	163
Total	$ 1,458

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	$ 5,409,738	$ 3,062,189	$ 2,347,549	$ -
Consumer Staples	5,231,954	1,590,221	3,641,733	-
Energy	5,162,163	3,532,394	1,629,769	-
Financials	16,482,654	6,673,499	9,809,155	-
Health Care	1,250,093	728,367	521,726	-
Industrials	5,114,774	1,768,944	3,345,830	-
Information Technology	10,168,429	1,710,330	8,458,099	-
Materials	5,317,437	2,883,534	2,433,903	-
Telecommunication Services	4,006,357	2,671,787	1,334,570	-
Utilities	1,415,668	642,165	773,503	-
Corporate Bonds	5,834,382	-	5,834,382	-
Government Obligations	12,680,216	-	12,680,216	-
Money Market Funds	2,856,441	2,856,441	-	-
Total Investments in Securities:	$ 80,930,306	$ 28,119,871	$ 52,810,435	$ -
Derivative Instruments:
Liabilities
Futures Contracts	$ (5,325)	$ (5,325)	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 24,285,956
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $69,827,852. Net unrealized appreciation aggregated $11,102,454, of which $13,407,893 related to appreciated investment securities and $2,305,439 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 and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Total Emerging Markets Fund

July 31, 2014

1.931233.102

TEK-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 66.4%
	Shares		Value
Argentina - 0.3%
Grupo Financiero Galicia SA sponsored ADR	7,910		$ 127,509
YPF SA Class D sponsored ADR	4,082		144,421
TOTAL ARGENTINA			271,930
Austria - 0.1%
C.A.T. oil AG (Bearer)	5,331		102,758
Bailiwick of Jersey - 0.1%
Atrium European Real Estate Ltd.	15,770		88,057
Petrofac Ltd.	100		1,852
TOTAL BAILIWICK OF JERSEY			89,909
Bermuda - 1.8%
Aquarius Platinum Ltd. (Australia) (a)	415,044		172,003
BW Offshore Ltd.	70,844		94,100
Cosan Ltd. Class A	11,763		141,979
Golar LNG Ltd.	3,300		203,313
GP Investments Ltd. Class A (depositary receipt) (a)	76,222		166,303
Hoegh LNG Holdings Ltd. (a)	8,518		107,384
Odfjell Drilling A/S	20,215		103,867
Shangri-La Asia Ltd.	124,000		195,603
Yue Yuen Industrial (Holdings) Ltd.	80,500		269,018
TOTAL BERMUDA			1,453,570
Brazil - 3.1%
BM&F BOVESPA SA	48,780		260,375
BR Properties SA	21,880		135,306
Cosan SA Industria e Comercio	7,529		123,351
Estacio Participacoes SA	12,800		158,819
Fibria Celulose SA (a)	17,200		168,835
Kroton Educacional SA	10,220		272,173
Light SA	8,952		84,045
Localiza Rent A Car SA	16,700		265,875
Mills Estruturas e Servicos de Engenharia SA	16,700		174,011
Minerva SA (a)	53,100		270,093
Qualicorp SA (a)	8,800		101,818
Smiles SA	14,200		247,229
T4F Entretenimento SA (a)	31,400		70,447
Ultrapar Participacoes SA	6,800		156,606
TOTAL BRAZIL			2,488,983
British Virgin Islands - 0.1%
Luxoft Holding, Inc. (a)	1,500		47,685
Common Stocks - continued
	Shares		Value
Canada - 0.7%
First Quantum Minerals Ltd.	5,500		$ 130,444
Goldcorp, Inc.	8,500		232,778
Pan American Silver Corp.	9,600		140,928
Torex Gold Resources, Inc. (a)	46,600		64,963
TOTAL CANADA			569,113
Cayman Islands - 5.3%
58.com, Inc. ADR	5,250		258,038
Anta Sports Products Ltd.	109,000		179,155
Anton Oilfield Services Group	66,000		37,078
Bloomage BioTechnology Corp. Ltd.	20,000		49,430
China Lodging Group Ltd. ADR (a)	7,400		184,630
Cimc Enric Holdings Ltd.	130,000		154,790
Eurasia Drilling Co. Ltd. GDR (Reg. S)	6,134		186,106
GCL-Poly Energy Holdings Ltd. (a)	1,479,000		477,472
Greatview Aseptic Pack Co. Ltd.	281,000		218,740
Haitian International Holdings Ltd.	63,000		147,585
Hengan International Group Co. Ltd.	27,500		294,202
Hilong Holding Ltd.	305,000		171,027
On-Bright Electronics, Inc.	2,000		13,794
Silergy Corp.	7,190		59,676
SINA Corp. (a)	1,751		84,731
Tencent Holdings Ltd.	65,700		1,066,952
Tingyi (Cayman Islands) Holding Corp.	84,000		237,848
Uni-President China Holdings Ltd.	240,600		197,437
Xueda Education Group sponsored ADR	24,400		108,824
Yingde Gases Group Co. Ltd.	145,500		158,805
TOTAL CAYMAN ISLANDS			4,286,320
Chile - 1.0%
Banco Santander Chile	3,170,474		201,359
Embotelladora Andina SA ADR	1,800		32,490
Empresa Nacional de Electricidad SA	108,573		161,200
Empresa Nacional de Telecomunicaciones SA (ENTEL)	7,939		96,443
Inversiones La Construccion SA	12,851		154,339
Vina Concha y Toro SA	66,595		130,389
TOTAL CHILE			776,220
China - 5.0%
Anhui Conch Cement Co. Ltd. (H Shares)	45,000		168,359
BBMG Corp. (H Shares)	184,500		143,700
China Life Insurance Co. Ltd. (H Shares)	209,650		622,634
China Pacific Insurance Group Co. Ltd. (H Shares)	129,400		508,241
Common Stocks - continued
	Shares		Value
China - continued
China Petroleum & Chemical Corp. (H Shares)	246,000		$ 240,835
China Suntien Green Energy Corp. Ltd. (H Shares)	423,950		131,525
China Telecom Corp. Ltd. (H Shares)	582,657		328,411
Industrial & Commercial Bank of China Ltd. (H Shares)	1,521,000		1,037,349
Maanshan Iron & Steel Ltd. (H Shares) (a)	588,000		137,135
PetroChina Co. Ltd.:
(H Shares)	88,000		114,054
sponsored ADR	500		64,535
PICC Property & Casualty Co. Ltd. (H Shares)	260,500		421,214
Sinopec Engineering Group Co. Ltd. (H Shares) (e)	142,500		162,463
TOTAL CHINA			4,080,455
Colombia - 0.5%
BanColombia SA sponsored ADR	6,611		412,593
Denmark - 0.9%
Auriga Industries A/S Series B (a)	3,181		171,384
Vestas Wind Systems A/S (a)	11,949		540,561
TOTAL DENMARK			711,945
Egypt - 0.1%
Citadel Capital Corp. (a)	149,900		90,359
France - 0.1%
Technip SA	1,229		113,470
Greece - 0.4%
National Bank of Greece SA (a)	80,560		256,462
Public Power Corp. of Greece	6,536		95,835
TOTAL GREECE			352,297
Hong Kong - 1.4%
China Power International Development Ltd.	347,300		145,626
China Resources Power Holdings Co. Ltd.	55,231		154,289
China Unicom Ltd.	158,200		276,360
CNOOC Ltd.	126,000		222,878
CNOOC Ltd. sponsored ADR	400		70,668
Far East Horizon Ltd.	246,000		188,637
Sinotruk Hong Kong Ltd.	211,000		111,589
TOTAL HONG KONG			1,170,047
India - 5.7%
Adani Ports & Special Economic Zone	69,388		296,502
Axis Bank Ltd.	107,860		713,447
Bharti Airtel Ltd. (a)	55,121		338,014
Common Stocks - continued
	Shares		Value
India - continued
Bharti Infratel Ltd. (a)	72,745		$ 307,246
Eicher Motors Ltd.	1,860		260,425
Grasim Industries Ltd.	3,827		221,564
ITC Ltd.	80,387		470,428
JK Cement Ltd.	17,590		112,497
Lupin Ltd.	13,707		289,729
MindTree Consulting Ltd.	2,244		38,830
Petronet LNG Ltd.	83,278		250,337
Phoenix Mills Ltd.	42,054		244,398
Power Grid Corp. of India Ltd.	57,295		125,439
SREI Infrastructure Finance Ltd.	313,747		235,786
State Bank of India	4,855		193,913
Tata Consultancy Services Ltd.	3,970		168,713
Tech Mahindra Ltd.	2,892		102,300
Yes Bank Ltd.	22,908		201,956
TOTAL INDIA			4,571,524
Indonesia - 1.9%
PT AKR Corporindo Tbk	422,800		159,456
PT Bakrieland Development Tbk (a)	18,493,700		78,432
PT Bank Rakyat Indonesia Tbk	546,600		524,283
PT Bank Tabungan Negara Tbk	1,290,900		119,396
PT Kalbe Farma Tbk	1,570,900		231,997
PT Lippo Karawaci Tbk	1,361,700		128,636
PT MNC Sky Vision Tbk	183,800		30,277
PT Telkomunikasi Indonesia Tbk sponsored ADR	5,420		243,412
TOTAL INDONESIA			1,515,889
Israel - 0.4%
Bezeq The Israeli Telecommunication Corp. Ltd.	160,950		300,614
Kenya - 0.2%
Equity Bank Ltd. (a)	356,200		183,577
Korea (South) - 12.7%
AMOREPACIFIC Group, Inc.	586		502,976
Daewoo International Corp.	23,269		837,629
E-Mart Co. Ltd.	1,662		373,141
Fila Korea Ltd.	1,206		104,886
Hana Financial Group, Inc.	13,591		547,268
Hankook Shell Oil Co. Ltd.	204		100,289
Hyundai Industrial Development & Construction Co.	6,540		242,756
Hyundai Mobis	2,113		631,113
KB Financial Group, Inc.	8,956		349,810
Common Stocks - continued
	Shares		Value
Korea (South) - continued
KEPCO Plant Service & Engineering Co. Ltd.	2,505		$ 180,200
Korea Electric Power Corp.	5,538		228,499
Korea Zinc Co. Ltd.	492		196,971
Korean Reinsurance Co.	26,677		291,830
KT&G Corp.	3,514		339,417
LG Chemical Ltd.	1,204		336,879
LG Corp.	4,041		270,575
NAVER Corp.	925		660,397
Oci Co. Ltd. (a)	833		130,846
Samsung C&T Corp.	4,268		302,847
Samsung Electronics Co. Ltd.	1,867		2,415,944
Seoul Semiconductor Co. Ltd.	5,434		149,950
Shinhan Financial Group Co. Ltd.	13,892		685,994
SK Hynix, Inc. (a)	4,717		205,205
SK Telecom Co. Ltd. sponsored ADR	6,215		175,947
TOTAL KOREA (SOUTH)			10,261,369
Luxembourg - 0.1%
Globant SA (a)	3,800		43,016
Mexico - 3.9%
America Movil S.A.B. de CV Series L sponsored ADR	28,343		668,045
CEMEX S.A.B. de CV sponsored ADR	21,208		266,372
El Puerto de Liverpool S.A.B. de CV Class C	19,300		214,840
Fomento Economico Mexicano S.A.B. de CV sponsored ADR	5,150		483,534
Gruma S.A.B. de CV Series B (a)	10,800		118,195
Grupo Comercial Chedraui S.A.B. de CV	71,176		233,449
Grupo Financiero Banorte S.A.B. de CV Series O	59,350		394,440
Grupo Televisa SA de CV (CPO) sponsored ADR	18,300		651,297
Macquarie Mexican (REIT)	71,320		143,935
TOTAL MEXICO			3,174,107
Nigeria - 1.4%
Guaranty Trust Bank PLC	489,345		90,373
Guaranty Trust Bank PLC GDR (Reg. S)	37,730		339,570
Transnational Corp. of Nigeria PLC	1,631,509		55,425
Zenith Bank PLC	3,967,665		614,633
TOTAL NIGERIA			1,100,001
Norway - 0.2%
ElectroMagnetic GeoServices ASA (a)	40,540		36,114
Spectrum ASA (a)	2,283		13,946
Common Stocks - continued
	Shares		Value
Norway - continued
Statoil ASA	3,600		$ 102,868
TGS Nopec Geophysical Co. ASA	82		2,335
TOTAL NORWAY			155,263
Panama - 0.3%
Copa Holdings SA Class A	1,830		277,922
Philippines - 1.5%
Alliance Global Group, Inc.	354,100		212,026
LT Group, Inc.	463,600		168,801
Metropolitan Bank & Trust Co.	166,894		327,174
PNOC Energy Development Corp.	616,200		86,279
Robinsons Land Corp.	868,800		449,001
TOTAL PHILIPPINES			1,243,281
Poland - 0.5%
Cyfrowy Polsat SA	24,800		185,982
Powszechny Zaklad Ubezpieczen SA	1,455		205,173
TOTAL POLAND			391,155
Puerto Rico - 0.1%
Popular, Inc. (a)	3,430		109,417
Romania - 0.1%
SNGN Romgaz SA GDR (e)	4,369		45,831
Russia - 2.3%
Bashneft OJSC rights 12/31/99 (a)	150		0
E.ON Russia JSC (a)	2,169,400		145,810
Gazprom OAO sponsored:
ADR	12,432		91,127
ADR (Reg. S)	45,300		332,955
LUKOIL Oil Co. sponsored ADR (United Kingdom)	3,100		173,755
Mobile TeleSystems OJSC	28,481		219,940
Mobile TeleSystems OJSC sponsored ADR	200		3,586
NOVATEK OAO GDR (Reg. S)	1,200		124,620
Sberbank (Savings Bank of the Russian Federation) (a)	331,650		683,188
TMK OAO GDR (Reg. S)	11,400		102,600
TOTAL RUSSIA			1,877,581
Singapore - 0.6%
Ezion Holdings Ltd.	60,200		103,096
First Resources Ltd.	213,000		384,308
TOTAL SINGAPORE			487,404
Common Stocks - continued
	Shares		Value
South Africa - 3.7%
Alexander Forbes Group Holding (a)	111,459		$ 90,431
Aspen Pharmacare Holdings Ltd.	13,637		369,508
Barclays Africa Group Ltd.	12,479		194,930
Bidvest Group Ltd.	11,869		319,809
Impala Platinum Holdings Ltd. (a)	15,000		148,741
JSE Ltd.	11,450		106,032
Life Healthcare Group Holdings Ltd.	62,500		257,041
MTN Group Ltd.	27,337		566,982
Naspers Ltd. Class N	7,800		967,948
TOTAL SOUTH AFRICA			3,021,422
Taiwan - 5.7%
Cathay Financial Holding Co. Ltd.	178,600		296,473
E.SUN Financial Holdings Co. Ltd.	225,582		149,657
EGiS Technology, Inc. (a)	1,219		3,769
Hon Hai Precision Industry Co. Ltd. (Foxconn)	156,950		536,522
MediaTek, Inc.	52,000		802,819
Taiwan Fertilizer Co. Ltd.	148,900		301,151
Taiwan Semiconductor Manufacturing Co. Ltd.	326,000		1,303,874
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	23,542		470,840
Unified-President Enterprises Corp.	241,739		459,078
Universal Cement Corp.	88,740		85,823
Voltronic Power Technology Corp.	1,000		6,987
Yuanta Financial Holding Co. Ltd.	313,300		173,573
TOTAL TAIWAN			4,590,566
Thailand - 0.9%
Kasikornbank PCL (For. Reg.)	55,960		367,509
SPCG Public Co. Ltd. (a)	43,400		33,371
Thai Union Frozen Products PCL (For. Reg.)	105,500		214,097
Total Access Communication PCL NVDR	26,450		84,539
TOTAL THAILAND			699,516
Togo - 0.3%
Ecobank Transnational, Inc.	2,665,687		271,673
Turkey - 1.3%
Aygaz A/S	19,157		82,250
Tupras Turkiye Petrol Rafinelleri A/S	9,100		222,319
Turkcell Iletisim Hizmet A/S sponsored ADR (a)	8,830		144,282
Turkiye Garanti Bankasi A/S	58,100		239,269
Turkiye Halk Bankasi A/S	43,740		330,683
TOTAL TURKEY			1,018,803
Common Stocks - continued
	Shares		Value
United Arab Emirates - 0.2%
First Gulf Bank PJSC	34,602		$ 171,453
United Kingdom - 0.5%
Antofagasta PLC	7,600		103,996
BG Group PLC	7,900		155,782
Cairn Energy PLC (a)	49,910		148,640
UBS AG London Branch warrants 6/29/15 (a)	8,100		26,094
TOTAL UNITED KINGDOM			434,512
United States of America - 1.0%
21Vianet Group, Inc. ADR (a)	2,888		80,373
Cognizant Technology Solutions Corp. Class A (a)	8,120		398,286
Facebook, Inc. Class A (a)	4,506		327,361
TOTAL UNITED STATES OF AMERICA			806,020
TOTAL COMMON STOCKS (Cost $43,631,175)		53,769,570
Nonconvertible Preferred Stocks - 7.2%

Brazil - 4.6%
Ambev SA sponsored ADR	29,600		203,944
Banco do Estado Rio Grande do Sul SA	45,100		229,401
Braskem SA (PN-A)	30,000		185,521
Companhia Paranaense de Energia-Copel:
(PN-B)	515		7,990
(PN-B) sponsored	4,185		65,035
Gerdau SA sponsored	45,900		269,892
Itau Unibanco Holding SA sponsored ADR	52,598		810,009
Marcopolo SA (PN)	108,200		190,766
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored (non-vtg.)	2,906		48,879
sponsored ADR	27,221		433,903
Telefonica Brasil SA	6,790		136,473
TIM Participacoes SA sponsored ADR	4,360		116,063
Vale SA (PN-A) sponsored ADR	78,100		999,680
TOTAL BRAZIL			3,697,556
Chile - 0.1%
Embotelladora Andina SA Class A	39,286		118,127
Korea (South) - 2.3%
Hyundai Motor Co. Series 2	5,613		937,497
Nonconvertible Preferred Stocks - continued
	Shares		Value
Korea (South) - continued
Samsung Electronics Co. Ltd.	437		$ 451,882
Samsung Fire & Marine Insurance Co. Ltd.	2,344		430,719
TOTAL KOREA (SOUTH)			1,820,098
Russia - 0.2%
Bashneft OJSC (a)	900		37,457
Sberbank (Savings Bank of the Russian Federation) (a)	8,100		12,956
Surgutneftegas	140,450		103,503
TOTAL RUSSIA			153,916
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $5,449,699)		5,789,697

Nonconvertible Bonds - 7.2%
		Principal Amount (c)
Azerbaijan - 0.3%
International Bank of Azerbaijan OJSC 5.625% 6/11/19 (Reg. S)		$ 200,000		198,500
Canada - 0.5%
Pacific Rubiales Energy Corp. 7.25% 12/12/21 (e)		400,000		436,000
Georgia - 0.4%
Georgia Bank Joint Stock Co. 7.75% 7/5/17 (e)		300,000		320,250
Indonesia - 0.2%
PT Pertamina Persero 5.625% 5/20/43 (e)		200,000		189,250
Ireland - 0.1%
Vnesheconombank Via VEB Finance PLC 6.8% 11/22/25 (e)		100,000		94,750
Kazakhstan - 0.9%
KazMunaiGaz National Co. 5.75% 4/30/43 (e)		300,000		295,560
Zhaikmunai International BV 7.125% 11/13/19 (e)		400,000		435,000
TOTAL KAZAKHSTAN				730,560
Luxembourg - 0.4%
Millicom International Cellular SA 4.75% 5/22/20 (e)		200,000		197,500
RSHB Capital SA 6.299% 5/15/17 (Reg. S)		100,000		99,250
TOTAL LUXEMBOURG				296,750
Nonconvertible Bonds - continued
		Principal Amount (c)		Value
Mexico - 1.1%
America Movil S.A.B. de CV 6.45% 12/5/22 (c)	MXN	9,750,000		$ 722,586
Petroleos Mexicanos 6.375% 1/23/45 (e)		175,000		201,250
TOTAL MEXICO				923,836
Morocco - 0.3%
OCP SA 6.875% 4/25/44 (e)		200,000		212,000
Netherlands - 0.4%
Indosat Palapa Co. BV 7.375% 7/29/20 (e)		100,000		107,000
Mozambique Ematum Finance 2020 6.305% 9/11/20 (Reg. S)		200,000		201,448
TOTAL NETHERLANDS				308,448
Nigeria - 0.3%
Zenith Bank PLC 6.25% 4/22/19 (e)		200,000		199,000
Paraguay - 0.3%
Banco Regl Saeca 8.125% 1/24/19 (e)		200,000		221,000
Trinidad & Tobago - 0.2%
Petroleum Co. of Trinidad & Tobago Ltd. 9.75% 8/14/19 (e)		150,000		189,375
Turkey - 0.2%
Arcelik A/S 5% 4/3/23 (e)		200,000		193,750
Venezuela - 1.6%
Petroleos de Venezuela SA:
5.5% 4/12/37		500,000		285,000
6% 11/15/26 (Reg. S)		700,000		432,600
8.5% 11/2/17 (e)		250,000		232,813
9% 11/17/21 (Reg. S)		150,000		127,500
9.75% 5/17/35 (e)		300,000		243,000
TOTAL VENEZUELA				1,320,913
TOTAL NONCONVERTIBLE BONDS (Cost $5,657,949)			5,834,382
Government Obligations - 15.7%

Armenia - 0.5%
Republic of Armenia 6% 9/30/20 (e)		400,000		420,000
Government Obligations - continued
		Principal Amount (c)		Value
Azerbaijan - 0.7%
Azerbaijan Republic 4.75% 3/18/24 (e)		$ 200,000		$ 206,500
State Oil Co. of Azerbaijan Republic 4.75% 3/13/23 (Reg. S)		325,000		324,188
TOTAL AZERBAIJAN				530,688
Barbados - 0.4%
Barbados Government 7% 8/4/22 (e)		350,000		317,457
Belarus - 0.4%
Belarus Republic 8.75% 8/3/15 (Reg. S)		325,000		331,500
Belize - 0.3%
Belize Government 5% 2/20/38 (d)(e)		332,500		236,906
Bolivia - 0.2%
Plurinational State of Bolivia 4.875% 10/29/22 (e)		200,000		203,500
Congo - 0.4%
Congo Republic 3.5% 6/30/29 (d)		312,550		289,753
Costa Rica - 0.3%
Costa Rican Republic 7% 4/4/44 (e)		200,000		210,000
Dominican Republic - 0.5%
Dominican Republic:
5.875% 4/18/24 (e)		150,000		155,250
7.45% 4/30/44 (e)		200,000		213,000
TOTAL DOMINICAN REPUBLIC				368,250
El Salvador - 0.2%
El Salvador Republic 7.625% 2/1/41 (e)		150,000		161,250
Ghana - 0.2%
Ghana Republic 7.875% 8/7/23 (Reg.S)		200,000		193,624
Guatemala - 0.2%
Guatemalan Republic 4.875% 2/13/28 (e)		200,000		201,000
Honduras - 0.3%
Republic of Honduras 7.5% 3/15/24 (e)		200,000		204,500
Hungary - 0.5%
Hungarian Republic 7.625% 3/29/41		350,000		445,375
Indonesia - 0.3%
Indonesian Republic 6.75% 1/15/44 (e)		200,000		238,750
Iraq - 0.5%
Republic of Iraq 5.8% 1/15/28 (Reg. S)		500,000		445,000
Government Obligations - continued
		Principal Amount (c)		Value
Ivory Coast - 0.6%
Ivory Coast:
5.375% 7/23/24 (e)		$ 200,000		$ 194,500
7.7743% 12/31/32 (d)		275,000		269,888
TOTAL IVORY COAST				464,388
Jamaica - 0.2%
Jamaican Government 8% 6/24/19		150,000		160,875
Jordan - 0.4%
Jordanian Kingdom 3.875% 11/12/15		300,000		301,875
Kenya - 0.3%
Republic of Kenya 6.875% 6/24/24 (e)		200,000		212,290
Lebanon - 0.3%
Lebanese Republic 11.625% 5/11/16 (Reg. S)		250,000		283,125
Mongolia - 0.2%
Mongolian People's Republic 5.125% 12/5/22 (Reg. S)		200,000		172,000
Morocco - 0.2%
Moroccan Kingdom 5.5% 12/11/42 (e)		200,000		197,624
Pakistan - 0.3%
Islamic Republic of Pakistan 7.25% 4/15/19 (e)		200,000		208,000
Panama - 0.2%
Panamanian Republic 4.3% 4/29/53		200,000		173,500
Peru - 0.4%
Peruvian Republic 8.75% 11/21/33		200,000		305,000
Philippines - 0.3%
Philippine Republic 9.5% 2/2/30		150,000		235,500
Romania - 0.3%
Romanian Republic 6.125% 1/22/44 (e)		200,000		227,500
Russia - 1.2%
Russian Federation:
5.625% 4/4/42 (e)		200,000		200,000
5.875% 9/16/43 (e)		400,000		404,000
12.75% 6/24/28 (Reg. S)		225,000		373,545
TOTAL RUSSIA				977,545
Senegal - 0.3%
Republic of Senegal 8.75% 5/13/21 (e)		200,000		233,040
Serbia - 0.4%
Republic of Serbia 7.25% 9/28/21 (e)		260,000		299,975
Government Obligations - continued
		Principal Amount (c)		Value
Slovenia - 0.5%
Republic of Slovenia:
4.75% 5/10/18 (e)		$ 200,000		$ 214,000
5.85% 5/10/23 (e)		200,000		223,000
TOTAL SLOVENIA				437,000
Sri Lanka - 0.4%
Democratic Socialist Republic of Sri Lanka 6.25% 10/4/20 (e)		300,000		318,750
Tanzania - 0.3%
United Republic of Tanzania 6.332% 3/9/20 (g)		200,000		214,500
Turkey - 0.4%
Turkish Republic 11.875% 1/15/30		165,000		286,478
Ukraine - 0.5%
Ukraine Government:
6.58% 11/21/16 (e)		250,000		238,750
6.75% 11/14/17 (e)		200,000		190,100
TOTAL UKRAINE				428,850
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.03% 8/21/14 to 9/25/14 (f)		110,000		109,998
Venezuela - 1.5%
Venezuelan Republic:
7% 3/31/38		650,000		447,850
7.65% 4/21/25		600,000		450,000
8.25% 10/13/24		300,000		234,750
9% 5/7/23 (Reg. S)		100,000		83,750
TOTAL VENEZUELA				1,216,350
Vietnam - 0.3%
Vietnamese Socialist Republic 6.75% 1/29/20 (e)		200,000		226,250
Zambia - 0.2%
Republic of Zambia 5.375% 9/20/22 (e)		200,000		192,250
TOTAL GOVERNMENT OBLIGATIONS (Cost $12,021,858)			12,680,216

Money Market Funds - 3.5%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b) (Cost $2,856,441)	2,856,441		$ 2,856,441
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $69,617,122)			80,930,306
NET OTHER ASSETS (LIABILITIES) - 0.0%			(14,766)
NET ASSETS - 100%		$ 80,915,540

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/ (Depreciation)
Purchased
Equity Index Contracts
25 NYSE E-mini MSCI Emerging Markets Index Contracts	Sept. 2014	$ 1,318,250	$ (5,325)

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

Currency Abbreviations
MXN	-	Mexican peso

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.

(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 $109,998.

(g) 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	$ 1,295
Fidelity Securities Lending Cash Central Fund	163
Total	$ 1,458

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	$ 5,409,738	$ 3,062,189	$ 2,347,549	$ -
Consumer Staples	5,231,954	1,590,221	3,641,733	-
Energy	5,162,163	3,532,394	1,629,769	-
Financials	16,482,654	6,673,499	9,809,155	-
Health Care	1,250,093	728,367	521,726	-
Industrials	5,114,774	1,768,944	3,345,830	-
Information Technology	10,168,429	1,710,330	8,458,099	-
Materials	5,317,437	2,883,534	2,433,903	-
Telecommunication Services	4,006,357	2,671,787	1,334,570	-
Utilities	1,415,668	642,165	773,503	-
Corporate Bonds	5,834,382	-	5,834,382	-
Government Obligations	12,680,216	-	12,680,216	-
Money Market Funds	2,856,441	2,856,441	-	-
Total Investments in Securities:	$ 80,930,306	$ 28,119,871	$ 52,810,435	$ -
Derivative Instruments:
Liabilities
Futures Contracts	$ (5,325)	$ (5,325)	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 24,285,956
Level 2 to Level 1	$ 0

Income Tax Information

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 and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

Quarterly Report

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor ®
Total International Equity Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C
and Institutional Class are classes of
Fidelity® Total International Equity Fund

1.863099.106

ATIE-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 3.6%
Ansell Ltd.	36,338		$ 637,938
Australia & New Zealand Banking Group Ltd.	74,184		2,316,146
Carsales.com Ltd.	25,337		267,561
CSL Ltd.	43,674		2,721,045
DuluxGroup Ltd.	11,047		56,082
Imdex Ltd. (a)	42,463		25,327
iProperty Group Ltd. (a)	103,474		338,945
RCG Corp. Ltd.	76,989		46,818
SEEK Ltd.	20,253		306,133
Sydney Airport unit	269,045		1,067,269
Telstra Corp. Ltd.	150,660		764,013
TFS Corp. Ltd. (a)	34,083		54,678
Transurban Group unit	237,376		1,704,594
Westpac Banking Corp.	96,752		3,076,719
TOTAL AUSTRALIA			13,383,268
Austria - 0.4%
Andritz AG	28,961		1,570,599
Zumtobel AG	3,400		70,135
TOTAL AUSTRIA			1,640,734
Bailiwick of Jersey - 0.4%
Shire PLC	8,880		730,898
Wolseley PLC	11,741		613,699
TOTAL BAILIWICK OF JERSEY			1,344,597
Belgium - 2.3%
Anheuser-Busch InBev SA NV	44,971		4,853,844
Gimv NV	1,319		64,626
KBC Ancora (a)	4,181		129,327
KBC Groupe SA (a)	49,800		2,712,066
UCB SA	7,488		688,240
TOTAL BELGIUM			8,448,103
Bermuda - 0.7%
Brilliance China Automotive Holdings Ltd.	226,000		424,694
China Gas Holdings Ltd.	210,000		405,139
China Resources Gas Group Ltd.	1,000		3,145
Credicorp Ltd. (United States)	3,800		562,096
Lazard Ltd. Class A	16,500		862,950
Vostok Nafta Investment Ltd. SDR (a)	39,560		289,609
TOTAL BERMUDA			2,547,633
Common Stocks - continued
	Shares		Value
Brazil - 1.4%
Arezzo Industria e Comercio SA	3,300		$ 41,629
BB Seguridade Participacoes SA	35,500		517,928
CCR SA	64,300		505,614
Cielo SA	32,300		590,832
Estacio Participacoes SA	29,900		370,991
Iguatemi Empresa de Shopping Centers SA	29,200		312,110
Kroton Educacional SA	16,000		426,102
Linx SA	12,400		295,141
Localiza Rent A Car SA	20,000		318,413
Odontoprev SA	72,200		296,279
Qualicorp SA (a)	33,300		385,289
Souza Cruz SA	38,400		356,454
T4F Entretenimento SA (a)	10,200		22,884
Ultrapar Participacoes SA	23,800		548,121
Weg SA	29,400		352,476
TOTAL BRAZIL			5,340,263
British Virgin Islands - 0.1%
Gem Diamonds Ltd. (a)	24,923		81,841
Mail.Ru Group Ltd. GDR (a)(e)	12,400		371,380
TOTAL BRITISH VIRGIN ISLANDS			453,221
Canada - 0.6%
Canadian Pacific Railway Ltd.	4,466		849,210
Imperial Oil Ltd.	13,000		667,079
Pason Systems, Inc.	5,600		142,728
Potash Corp. of Saskatchewan, Inc.	18,500		656,794
ShawCor Ltd. Class A	1,600		80,987
TOTAL CANADA			2,396,798
Cayman Islands - 2.9%
51job, Inc. sponsored ADR (a)	5,300		400,468
Autohome, Inc. ADR Class A	8,900		329,745
Baidu.com, Inc. sponsored ADR (a)	2,100		453,705
Bitauto Holdings Ltd. ADR (a)	7,700		418,572
ENN Energy Holdings Ltd.	64,000		452,685
Greatview Aseptic Pack Co. Ltd.	413,000		321,493
Haitian International Holdings Ltd.	149,000		349,051
Melco Crown Entertainment Ltd. sponsored ADR	9,500		315,400
MGM China Holdings Ltd.	110,000		402,231
Sands China Ltd.	306,400		2,249,494
SouFun Holdings Ltd. ADR (d)	28,500		326,895
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Tencent Holdings Ltd.	180,100		$ 2,924,781
Wynn Macau Ltd.	374,800		1,597,177
TOTAL CAYMAN ISLANDS			10,541,697
China - 0.3%
China Pacific Insurance Group Co. Ltd. (H Shares)	150,800		592,294
PICC Property & Casualty Co. Ltd. (H Shares)	234,000		378,365
TOTAL CHINA			970,659
Colombia - 0.1%
Grupo de Inversiones Suramerica SA	20,796		463,181
Denmark - 1.7%
A.P. Moller - Maersk A/S Series B	437		1,019,473
Jyske Bank A/S (Reg.) (a)	16,354		928,397
Novo Nordisk A/S Series B sponsored ADR	81,500		3,753,075
Spar Nord Bank A/S	13,331		144,845
Vestas Wind Systems A/S (a)	8,700		393,580
TOTAL DENMARK			6,239,370
Egypt - 0.1%
Commercial International Bank SAE sponsored GDR	55,200		322,920
Finland - 0.6%
Kone Oyj (B Shares)	7,300		307,621
Sampo Oyj (A Shares)	27,753		1,382,451
Tikkurila Oyj	17,080		433,176
TOTAL FINLAND			2,123,248
France - 6.5%
Arkema SA	5,613		521,767
Atos Origin SA	13,197		1,031,305
AXA SA	56,606		1,302,972
BNP Paribas SA	30,454		2,018,582
Bureau Veritas SA	11,700		301,588
Cap Gemini SA	16,202		1,176,535
Coface SA	3,400		50,172
GDF Suez	50,669		1,306,080
Havas SA	98,586		772,268
Laurent-Perrier Group SA	859		79,942
LVMH Moet Hennessy - Louis Vuitton SA	1,908		328,561
Orange SA	67,300		1,053,872
Remy Cointreau SA	4,581		375,106
Renault SA	9,111		760,919
Common Stocks - continued
	Shares		Value
France - continued
Safran SA	27,814		$ 1,634,840
Saft Groupe SA	1,154		42,572
Sanofi SA	31,794		3,338,081
Schneider Electric SA	9,190		777,977
Total SA	85,515		5,515,266
Vetoquinol SA	1,500		67,930
Virbac SA	410		87,842
Vivendi SA	51,955		1,305,835
TOTAL FRANCE			23,850,012
Germany - 4.4%
Allianz SE	13,256		2,206,940
alstria office REIT-AG	2,900		38,398
BASF AG	24,563		2,553,664
Bayer AG	28,412		3,763,420
Bilfinger Berger AG	742		60,707
CompuGroup Medical AG	6,146		153,074
Continental AG	4,183		905,161
CTS Eventim AG	7,966		233,711
Fielmann AG	1,079		136,421
Fresenius SE & Co. KGaA	6,100		914,022
GEA Group AG	13,688		616,676
Linde AG	17,049		3,490,625
Siemens AG	7,873		972,286
TOTAL GERMANY			16,045,105
Greece - 0.2%
Folli Follie SA (a)	7,700		322,724
Greek Organization of Football Prognostics SA	21,400		349,313
Titan Cement Co. SA (Reg.)	4,244		130,707
TOTAL GREECE			802,744
Hong Kong - 0.3%
AIA Group Ltd.	60,600		324,658
Beijing Enterprises Holdings Ltd.	51,500		448,456
Galaxy Entertainment Group Ltd.	48,000		403,664
TOTAL HONG KONG			1,176,778
India - 2.5%
Adani Ports & Special Economic Zone	17,562		75,044
Apollo Hospitals Enterprise Ltd.	14,115		235,271
Asian Paints India Ltd.	31,149		321,779
Axis Bank Ltd.	49,155		325,139
Common Stocks - continued
	Shares		Value
India - continued
Colgate-Palmolive (India)	9,694		$ 250,335
Exide Industries Ltd.	93,006		251,389
Grasim Industries Ltd.	5,252		304,064
Havells India Ltd.	16,368		322,378
HCL Technologies Ltd.	17,920		459,283
HDFC Bank Ltd.	34,418		496,339
Housing Development Finance Corp. Ltd.	83,351		1,459,731
ITC Ltd.	112,417		657,869
Jyothy Laboratories Ltd.	25,119		75,076
Larsen & Toubro Ltd.	17,261		424,744
Lupin Ltd.	17,430		368,423
Mahindra & Mahindra Ltd.	20,840		410,254
Motherson Sumi Systems Ltd.	42,698		255,903
Sun Pharmaceutical Industries Ltd.	42,978		558,465
Tata Consultancy Services Ltd.	17,511		744,166
Tata Motors Ltd.	57,068		417,455
Titan Co. Ltd.	66,327		381,933
Zee Entertainment Enterprises Ltd.	64,070		306,155
TOTAL INDIA			9,101,195
Indonesia - 1.5%
PT ACE Hardware Indonesia Tbk	4,145,300		330,854
PT Astra International Tbk	1,110,700		733,445
PT Bank Central Asia Tbk	687,400		687,913
PT Bank Rakyat Indonesia Tbk	709,200		680,244
PT Global Mediacom Tbk (f)	2,343,200		385,041
PT Indocement Tunggal Prakarsa Tbk	221,600		479,740
PT Jasa Marga Tbk	720,600		393,098
PT Kalbe Farma Tbk	2,513,600		371,220
PT Media Nusantara Citra Tbk (g)	1,524,200		338,179
PT Semen Gresik (Persero) Tbk	346,200		485,590
PT Surya Citra Media Tbk	1,143,000		372,650
PT Tower Bersama Infrastructure Tbk	455,700		324,143
TOTAL INDONESIA			5,582,117
Ireland - 1.2%
Actavis PLC (a)	4,400		942,744
CRH PLC sponsored ADR	58,429		1,372,497
FBD Holdings PLC	5,372		102,865
Common Stocks - continued
	Shares		Value
Ireland - continued
James Hardie Industries PLC:
CDI	9,656		$ 119,915
sponsored ADR	28,255		1,774,697
TOTAL IRELAND			4,312,718
Israel - 0.5%
Azrieli Group	13,296		433,103
Ituran Location & Control Ltd.	1,761		40,503
Sarine Technologies Ltd.	39,000		88,730
Strauss Group Ltd.	2,359		46,394
Teva Pharmaceutical Industries Ltd. sponsored ADR	25,909		1,386,132
TOTAL ISRAEL			1,994,862
Italy - 0.8%
Azimut Holding SpA	23,214		600,557
Beni Stabili SpA SIIQ	187,010		152,128
Interpump Group SpA	51,391		656,840
Intesa Sanpaolo SpA	201,700		598,973
Prada SpA	49,300		349,014
Telecom Italia SpA (a)	675,600		778,489
TOTAL ITALY			3,136,001
Japan - 14.3%
AEON Mall Co. Ltd.	22,500		527,254
Air Water, Inc.	3,000		47,979
Aozora Bank Ltd.	259,000		880,104
Artnature, Inc.	4,000		117,285
Asahi Co. Ltd.	4,800		64,297
Astellas Pharma, Inc.	183,400		2,487,015
Autobacs Seven Co. Ltd.	4,400		71,995
Azbil Corp.	4,700		118,260
Coca-Cola Central Japan Co. Ltd.	27,500		735,018
Cosmos Pharmaceutical Corp.	800		98,037
Daiichikosho Co. Ltd.	1,400		41,529
Daikokutenbussan Co. Ltd.	5,000		143,537
DENSO Corp.	77,700		3,583,957
Dentsu, Inc.	18,600		736,673
East Japan Railway Co.	21,700		1,738,324
Fanuc Corp.	7,300		1,261,661
Fast Retailing Co. Ltd.	4,300		1,419,637
Glory Ltd.	2,100		70,017
Goldcrest Co. Ltd.	6,560		130,781
Harmonic Drive Systems, Inc.	2,800		107,247
Common Stocks - continued
	Shares		Value
Japan - continued
Hitachi Ltd.	144,000		$ 1,116,116
Honda Motor Co. Ltd.	53,900		1,876,317
Hoya Corp.	35,000		1,133,250
Iida Group Holdings Co. Ltd.	4,624		68,896
Itochu Corp.	136,200		1,734,199
Iwatsuka Confectionary Co. Ltd.	1,400		69,132
Japan Tobacco, Inc.	85,200		2,996,275
KDDI Corp.	17,700		1,017,448
Keyence Corp.	6,321		2,753,711
Kobayashi Pharmaceutical Co. Ltd.	1,500		92,987
Koshidaka Holdings Co. Ltd.	2,000		79,035
Kyoto Kimono Yuzen Co. Ltd.	2,600		25,584
Lasertec Corp. (a)	5,500		56,061
Meiko Network Japan Co. Ltd.	2,700		34,510
Miraial Co. Ltd.	2,400		40,404
Mitsubishi Electric Corp.	57,000		752,488
Mitsubishi UFJ Financial Group, Inc.	438,200		2,584,199
Mitsui Fudosan Co. Ltd.	90,000		2,972,144
Mizuho Financial Group, Inc.	649,600		1,261,181
Nabtesco Corp.	3,700		83,595
Nagaileben Co. Ltd.	6,100		123,011
ND Software Co. Ltd.	3,000		63,046
Nihon M&A Center, Inc.	1,500		42,010
Nihon Parkerizing Co. Ltd.	7,000		154,518
Nippon Seiki Co. Ltd.	3,000		58,947
Nippon Telegraph & Telephone Corp.	28,200		1,872,601
NS Tool Co. Ltd.	1,900		40,036
OBIC Co. Ltd.	4,000		141,997
OMRON Corp.	14,800		656,421
ORIX Corp.	69,500		1,123,209
OSG Corp.	11,600		200,992
San-Ai Oil Co. Ltd.	7,000		53,172
Seven & i Holdings Co., Ltd.	35,600		1,481,516
Seven Bank Ltd.	423,000		1,697,513
SHO-BOND Holdings Co. Ltd.	20,300		859,853
Shoei Co. Ltd.	5,900		93,878
SK Kaken Co. Ltd.	1,000		84,382
SoftBank Corp.	47,200		3,393,126
Software Service, Inc.	1,600		82,389
Sony Financial Holdings, Inc.	44,500		728,796
Sumitomo Mitsui Trust Holdings, Inc.	251,920		1,096,282
Techno Medica Co. Ltd.	1,800		41,143
Common Stocks - continued
	Shares		Value
Japan - continued
TFP Consulting Group Co. Ltd.	2,000		$ 54,976
The Nippon Synthetic Chemical Industry Co. Ltd.	10,000		77,463
TKC Corp.	3,000		63,460
Tocalo Co. Ltd.	2,800		47,828
Tsutsumi Jewelry Co. Ltd.	2,000		51,084
USS Co. Ltd.	129,700		2,265,799
Workman Co. Ltd.	2,000		98,413
Yamato Kogyo Co. Ltd.	23,100		750,868
TOTAL JAPAN			52,626,868
Kenya - 0.4%
East African Breweries Ltd.	85,300		283,686
Kenya Commercial Bank Ltd.	493,800		306,516
Safaricom Ltd.	5,936,000		824,820
TOTAL KENYA			1,415,022
Korea (South) - 2.2%
Bgf Retail (a)	5,252		326,913
Coway Co. Ltd.	7,548		650,531
Hyundai Mobis	2,784		831,528
Hyundai Motor Co.	4,385		1,037,906
KEPCO Plant Service & Engineering Co. Ltd.	4,010		288,464
Leeno Industrial, Inc.	2,264		78,530
NAVER Corp.	1,952		1,393,616
Samsung Electronics Co. Ltd.	2,597		3,360,584
TOTAL KOREA (SOUTH)			7,968,072
Luxembourg - 0.2%
RTL Group SA	5,927		603,575
Malaysia - 0.2%
Astro Malaysia Holdings Bhd	320,600		336,501
Tune Insurance Holdings Bhd	419,900		305,626
TOTAL MALAYSIA			642,127
Malta - 0.1%
Brait SA	52,000		362,734
Mexico - 1.3%
Banregio Grupo Financiero S.A.B. de CV	54,000		306,231
Consorcio ARA S.A.B. de CV (a)	198,155		90,234
Fomento Economico Mexicano S.A.B. de CV:
unit	73,100		687,593
sponsored ADR	5,833		547,660
Common Stocks - continued
	Shares		Value
Mexico - continued
Grupo Aeroportuario del Pacifico SA de CV Series B	54,400		$ 365,369
Grupo Aeroportuario del Sureste SA de CV Series B	33,800		420,429
Grupo Aeroportuario Norte S.A.B. de CV	57,900		229,235
Grupo Financiero Banorte S.A.B. de CV Series O	91,600		608,773
Grupo Televisa SA de CV	103,000		734,401
Megacable Holdings S.A.B. de CV unit	73,600		316,001
Promotora y Operadora de Infraestructura S.A.B. de CV (a)	29,500		365,269
Qualitas Controladora S.A.B. de CV	101,200		274,434
TOTAL MEXICO			4,945,629
Netherlands - 1.7%
Aalberts Industries NV	7,600		232,183
ASM International NV (depositary receipt)	1,250		47,300
Heijmans NV (Certificaten Van Aandelen)	8,481		120,776
ING Groep NV (Certificaten Van Aandelen) (a)	242,823		3,153,686
Reed Elsevier NV	47,275		1,065,083
Unilever NV (Certificaten Van Aandelen) (Bearer)	24,100		991,860
VastNed Retail NV	3,338		170,119
Yandex NV (a)	12,700		384,556
TOTAL NETHERLANDS			6,165,563
Nigeria - 0.3%
Dangote Cement PLC	278,601		395,789
Guaranty Trust Bank PLC GDR (Reg. S)	36,700		330,300
Nigerian Breweries PLC	284,944		316,976
TOTAL NIGERIA			1,043,065
Norway - 0.3%
Statoil ASA	43,000		1,228,707
Panama - 0.1%
Copa Holdings SA Class A	2,100		318,927
Philippines - 0.9%
Alliance Global Group, Inc.	750,000		449,080
Bank of the Philippine Islands (BPI)	134,770		292,640
DMCI Holdings, Inc.	196,050		326,624
GT Capital Holdings, Inc.	18,840		383,556
International Container Terminal Services, Inc.	106,050		274,361
Jollibee Food Corp.	14,560		58,843
Metropolitan Bank & Trust Co.	163,850		321,207
Robinsons Retail Holdings, Inc.	199,720		298,965
Common Stocks - continued
	Shares		Value
Philippines - continued
SM Investments Corp.	20,190		$ 366,467
SM Prime Holdings, Inc.	1,149,800		401,568
TOTAL PHILIPPINES			3,173,311
Russia - 0.6%
Magnit OJSC GDR (Reg. S)	10,700		631,300
Norilsk Nickel OJSC ADR	25,100		493,215
NOVATEK OAO GDR (Reg. S)	4,600		477,710
Sberbank (Savings Bank of the Russian Federation) (a)	341,000		702,448
TOTAL RUSSIA			2,304,673
Singapore - 0.3%
Singapore Telecommunications Ltd.	325,000		1,057,064
South Africa - 2.5%
Alexander Forbes Group Holding (a)	464,610		376,957
Aspen Pharmacare Holdings Ltd.	19,500		528,371
Bidvest Group Ltd.	19,200		517,342
Clicks Group Ltd.	179,486		1,099,379
Coronation Fund Managers Ltd.	30,900		282,258
FirstRand Ltd.	137,700		555,397
Life Healthcare Group Holdings Ltd.	96,500		396,871
Mr Price Group Ltd.	22,700		429,740
MTN Group Ltd.	48,100		997,616
Nampak Ltd.	127,230		484,098
Naspers Ltd. Class N	17,700		2,196,497
Remgro Ltd.	22,300		482,248
Sanlam Ltd.	82,200		468,378
Shoprite Holdings Ltd.	33,200		501,545
TOTAL SOUTH AFRICA			9,316,697
Spain - 2.0%
Amadeus IT Holding SA Class A	27,964		1,104,633
Banco Bilbao Vizcaya Argentaria SA	129,600		1,593,134
Grifols SA	1,246		56,427
Iberdrola SA	162,500		1,211,137
Inditex SA	84,310		2,467,327
International Consolidated Airlines Group SA CDI (a)	73,600		411,048
Prosegur Compania de Seguridad SA (Reg.)	80,576		545,950
TOTAL SPAIN			7,389,656
Sweden - 3.3%
ASSA ABLOY AB (B Shares)	38,500		1,897,596
Common Stocks - continued
	Shares		Value
Sweden - continued
Atlas Copco AB (A Shares) (d)	65,459		$ 1,960,487
Fagerhult AB	46,455		922,608
H&M Hennes & Mauritz AB (B Shares)	37,639		1,543,602
Intrum Justitia AB	28,363		869,614
Investment AB Kinnevik (B Shares)	6,400		266,272
Meda AB (A Shares)	35,500		572,780
Nordea Bank AB	129,267		1,739,001
Svenska Cellulosa AB (SCA) (B Shares)	33,526		828,648
Svenska Handelsbanken AB (A Shares)	29,315		1,418,111
TOTAL SWEDEN			12,018,719
Switzerland - 7.2%
Compagnie Financiere Richemont SA Series A	3,438		327,816
Nestle SA	104,829		7,761,544
Novartis AG	65,318		5,682,578
Roche Holding AG (participation certificate)	22,595		6,557,199
Schindler Holding AG:
(participation certificate)	6,511		975,127
(Reg.)	2,001		296,379
SGS SA (Reg.)	150		327,978
Swatch Group AG (Bearer)	670		358,980
Syngenta AG (Switzerland)	1,682		595,856
UBS AG (NY Shares)	210,097		3,607,365
TOTAL SWITZERLAND			26,490,822
Taiwan - 1.2%
Addcn Technology Co. Ltd.	25,000		310,734
Delta Electronics, Inc.	79,000		535,545
Giant Manufacturing Co. Ltd.	37,000		302,755
Merida Industry Co. Ltd.	50,000		389,497
Taiwan Semiconductor Manufacturing Co. Ltd.	690,035		2,759,873
TOTAL TAIWAN			4,298,404
Thailand - 0.6%
Airports of Thailand PCL (For. Reg.)	62,800		415,717
Bangkok Dusit Medical Services PCL (For. Reg.)	613,600		323,221
Bumrungrad Hospital PCL (For. Reg.)	123,100		459,918
Central Pattana PCL (For. Reg.)	194,600		286,790
Kasikornbank PCL (For. Reg.)	89,800		589,748
Minor International PCL (For. Reg.)	179,500		179,698
TOTAL THAILAND			2,255,092
Common Stocks - continued
	Shares		Value
Turkey - 0.7%
Albaraka Turk Katilim Bankasi A/S	73,907		$ 60,014
Coca-Cola Icecek Sanayi A/S	48,889		1,226,332
Enka Insaat ve Sanayi A/S	126,194		329,796
TAV Havalimanlari Holding A/S	48,000		395,371
Tofas Turk Otomobil Fabrikasi A/S	51,342		318,671
Tupras Turkiye Petrol Rafinelleri A/S	13,000		317,598
TOTAL TURKEY			2,647,782
United Arab Emirates - 0.2%
DP World Ltd.	17,712		352,469
First Gulf Bank PJSC	85,001		421,181
TOTAL UNITED ARAB EMIRATES			773,650
United Kingdom - 16.1%
Advanced Computer Software Group PLC	21,800		43,982
Al Noor Hospitals Group PLC	20,500		351,985
AstraZeneca PLC (United Kingdom)	32,237		2,353,833
Babcock International Group PLC	46,423		860,568
BAE Systems PLC	215,521		1,556,611
Barclays PLC	424,397		1,608,759
Bellway PLC	5,928		151,225
Berendsen PLC	28,655		506,520
BG Group PLC	134,027		2,642,913
BHP Billiton PLC	84,459		2,881,068
British American Tobacco PLC (United Kingdom)	5,200		304,629
Britvic PLC	12,317		145,875
BT Group PLC	142,275		931,461
Bunzl PLC	43,757		1,175,350
Burberry Group PLC	12,400		296,020
Compass Group PLC	79,407		1,297,058
Dechra Pharmaceuticals PLC	9,000		105,451
Derwent London PLC	2,000		90,358
Diageo PLC	11,318		339,906
Elementis PLC	34,808		158,669
GlaxoSmithKline PLC	83,397		2,009,764
Great Portland Estates PLC	13,372		144,260
Hilton Food Group PLC	5,400		43,237
HSBC Holdings PLC sponsored ADR	63,266		3,377,772
Imperial Tobacco Group PLC	42,824		1,858,827
Informa PLC	188,410		1,551,974
InterContinental Hotel Group PLC ADR	59,396		2,399,004
Intertek Group PLC	6,900		298,687
Common Stocks - continued
	Shares		Value
United Kingdom - continued
ITE Group PLC	18,500		$ 62,686
ITV PLC	351,419		1,238,219
Jazztel PLC (a)	22,900		308,789
Johnson Matthey PLC	27,877		1,392,646
Liberty Global PLC Class A (a)	15,700		653,120
Meggitt PLC	14,039		120,525
National Grid PLC	155,191		2,210,422
Next PLC	6,400		731,507
Persimmon PLC	3,737		79,054
Prudential PLC	232,265		5,338,347
Reckitt Benckiser Group PLC	34,751		3,077,247
Reed Elsevier PLC	74,821		1,205,727
Rexam PLC	72,167		610,416
Rolls-Royce Group PLC	96,152		1,688,268
Rotork PLC	10,003		467,631
Royal Dutch Shell PLC Class A sponsored ADR	36,029		2,948,253
SABMiller PLC	52,863		2,889,870
Shaftesbury PLC	56,637		646,871
Spectris PLC	5,370		172,983
Spirax-Sarco Engineering PLC	5,107		234,867
Standard Chartered PLC (United Kingdom)	25,397		528,254
Ted Baker PLC	2,775		80,020
Ultra Electronics Holdings PLC	4,501		134,807
Unite Group PLC	84,677		581,276
Vodafone Group PLC sponsored ADR	71,026		2,359,484
TOTAL UNITED KINGDOM			59,247,055
United States of America - 7.6%
A.O. Smith Corp.	5,400		252,180
AbbVie, Inc.	18,529		969,808
ANSYS, Inc. (a)	400		30,776
Autoliv, Inc.	16,054		1,597,534
Berkshire Hathaway, Inc. Class B (a)	7,316		917,646
BorgWarner, Inc.	30,394		1,892,027
Broadridge Financial Solutions, Inc.	1,140		46,022
Cabot Corp.	11,466		600,704
Colgate-Palmolive Co.	5,200		329,680
Cummins, Inc.	7,091		988,414
Dril-Quip, Inc. (a)	770		77,593
Evercore Partners, Inc. Class A	1,460		79,658
FMC Technologies, Inc. (a)	11,403		693,302
Common Stocks - continued
	Shares		Value
United States of America - continued
Google, Inc.:
Class A (a)	2,590		$ 1,501,035
Class C (a)	1,790		1,023,164
JPMorgan Chase & Co.	6,500		374,855
Kansas City Southern	2,800		305,368
Kennedy-Wilson Holdings, Inc.	5,483		128,302
Las Vegas Sands Corp.	4,500		332,325
Martin Marietta Materials, Inc.	10,080		1,252,238
MasterCard, Inc. Class A	29,490		2,186,684
Mead Johnson Nutrition Co. Class A	11,200		1,024,128
Mohawk Industries, Inc. (a)	8,135		1,015,004
National Oilwell Varco, Inc.	4,046		327,888
Oceaneering International, Inc.	7,838		532,279
Philip Morris International, Inc.	17,000		1,394,170
PriceSmart, Inc.	8,685		714,776
ResMed, Inc.	14,520		751,265
ResMed, Inc. CDI	136,139		690,631
Solera Holdings, Inc.	18,594		1,190,016
SS&C Technologies Holdings, Inc. (a)	21,254		920,511
T-Mobile U.S., Inc. (a)	15,500		510,570
The Rubicon Project, Inc.	1,698		20,223
Tiffany & Co., Inc.	3,000		292,830
Union Pacific Corp.	8,000		786,480
Visa, Inc. Class A	10,431		2,201,045
TOTAL UNITED STATES OF AMERICA			27,951,131
TOTAL COMMON STOCKS (Cost $301,513,760)		358,461,569
Nonconvertible Preferred Stocks - 1.2%

Brazil - 0.6%
Ambev SA sponsored ADR	142,700		983,203
Itau Unibanco Holding SA sponsored ADR	72,200		1,111,880
Marcopolo SA (PN)	136,400		240,485
TOTAL BRAZIL			2,335,568
Colombia - 0.1%
Grupo Aval Acciones y Valores SA	439,805		325,739
Nonconvertible Preferred Stocks - continued
	Shares		Value
Germany - 0.5%
Sartorius AG (non-vtg.)	1,050		$ 125,683
Volkswagen AG	6,590		1,540,288
TOTAL GERMANY			1,665,971
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $4,067,130)		4,327,278
Money Market Funds - 2.0%

Fidelity Cash Central Fund, 0.11% (b)	5,469,286		5,469,286
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	1,856,400		1,856,400
TOTAL MONEY MARKET FUNDS (Cost $7,325,686)		7,325,686
TOTAL INVESTMENT PORTFOLIO - 100.6% (Cost $312,906,576)			370,114,533
NET OTHER ASSETS (LIABILITIES) - (0.6)%			(2,193,417)
NET ASSETS - 100%		$ 367,921,116

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.

(g) Security or a portion of the security sold on a delayed delivery 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	$ 4,809
Fidelity Securities Lending Cash Central Fund	106,802
Total	$ 111,611

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 July 31, 2014, 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	$ 55,867,793	$ 31,853,633	$ 24,014,160	$ -
Consumer Staples	41,036,756	19,442,028	21,594,728	-
Energy	16,253,596	6,813,538	9,440,058	-
Financials	74,856,876	34,436,891	40,419,985	-
Health Care	46,175,759	16,340,670	29,835,089	-
Industrials	47,228,924	31,963,202	15,265,722	-
Information Technology	35,116,859	15,863,561	19,253,298	-
Materials	23,164,345	16,403,543	6,760,802	-
Telecommunication Services	17,499,331	6,307,114	11,192,217	-
Utilities	5,588,608	2,517,217	3,071,391	-
Money Market Funds	7,325,686	7,325,686	-	-
Total Investments in Securities:	$ 370,114,533	$ 189,267,083	$ 180,847,450	$ -

Transfers	Total
Level 1 to Level 2	$ 32,365,040
Level 2 to Level 1	$ 0

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $313,603,339. Net unrealized appreciation aggregated $56,511,194, of which $62,663,010 related to appreciated investment securities and $6,151,816 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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Total International
Equity Fund

July 31, 2014

1.863105.106

TIE-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares		Value
Australia - 3.6%
Ansell Ltd.	36,338		$ 637,938
Australia & New Zealand Banking Group Ltd.	74,184		2,316,146
Carsales.com Ltd.	25,337		267,561
CSL Ltd.	43,674		2,721,045
DuluxGroup Ltd.	11,047		56,082
Imdex Ltd. (a)	42,463		25,327
iProperty Group Ltd. (a)	103,474		338,945
RCG Corp. Ltd.	76,989		46,818
SEEK Ltd.	20,253		306,133
Sydney Airport unit	269,045		1,067,269
Telstra Corp. Ltd.	150,660		764,013
TFS Corp. Ltd. (a)	34,083		54,678
Transurban Group unit	237,376		1,704,594
Westpac Banking Corp.	96,752		3,076,719
TOTAL AUSTRALIA			13,383,268
Austria - 0.4%
Andritz AG	28,961		1,570,599
Zumtobel AG	3,400		70,135
TOTAL AUSTRIA			1,640,734
Bailiwick of Jersey - 0.4%
Shire PLC	8,880		730,898
Wolseley PLC	11,741		613,699
TOTAL BAILIWICK OF JERSEY			1,344,597
Belgium - 2.3%
Anheuser-Busch InBev SA NV	44,971		4,853,844
Gimv NV	1,319		64,626
KBC Ancora (a)	4,181		129,327
KBC Groupe SA (a)	49,800		2,712,066
UCB SA	7,488		688,240
TOTAL BELGIUM			8,448,103
Bermuda - 0.7%
Brilliance China Automotive Holdings Ltd.	226,000		424,694
China Gas Holdings Ltd.	210,000		405,139
China Resources Gas Group Ltd.	1,000		3,145
Credicorp Ltd. (United States)	3,800		562,096
Lazard Ltd. Class A	16,500		862,950
Vostok Nafta Investment Ltd. SDR (a)	39,560		289,609
TOTAL BERMUDA			2,547,633
Common Stocks - continued
	Shares		Value
Brazil - 1.4%
Arezzo Industria e Comercio SA	3,300		$ 41,629
BB Seguridade Participacoes SA	35,500		517,928
CCR SA	64,300		505,614
Cielo SA	32,300		590,832
Estacio Participacoes SA	29,900		370,991
Iguatemi Empresa de Shopping Centers SA	29,200		312,110
Kroton Educacional SA	16,000		426,102
Linx SA	12,400		295,141
Localiza Rent A Car SA	20,000		318,413
Odontoprev SA	72,200		296,279
Qualicorp SA (a)	33,300		385,289
Souza Cruz SA	38,400		356,454
T4F Entretenimento SA (a)	10,200		22,884
Ultrapar Participacoes SA	23,800		548,121
Weg SA	29,400		352,476
TOTAL BRAZIL			5,340,263
British Virgin Islands - 0.1%
Gem Diamonds Ltd. (a)	24,923		81,841
Mail.Ru Group Ltd. GDR (a)(e)	12,400		371,380
TOTAL BRITISH VIRGIN ISLANDS			453,221
Canada - 0.6%
Canadian Pacific Railway Ltd.	4,466		849,210
Imperial Oil Ltd.	13,000		667,079
Pason Systems, Inc.	5,600		142,728
Potash Corp. of Saskatchewan, Inc.	18,500		656,794
ShawCor Ltd. Class A	1,600		80,987
TOTAL CANADA			2,396,798
Cayman Islands - 2.9%
51job, Inc. sponsored ADR (a)	5,300		400,468
Autohome, Inc. ADR Class A	8,900		329,745
Baidu.com, Inc. sponsored ADR (a)	2,100		453,705
Bitauto Holdings Ltd. ADR (a)	7,700		418,572
ENN Energy Holdings Ltd.	64,000		452,685
Greatview Aseptic Pack Co. Ltd.	413,000		321,493
Haitian International Holdings Ltd.	149,000		349,051
Melco Crown Entertainment Ltd. sponsored ADR	9,500		315,400
MGM China Holdings Ltd.	110,000		402,231
Sands China Ltd.	306,400		2,249,494
SouFun Holdings Ltd. ADR (d)	28,500		326,895
Common Stocks - continued
	Shares		Value
Cayman Islands - continued
Tencent Holdings Ltd.	180,100		$ 2,924,781
Wynn Macau Ltd.	374,800		1,597,177
TOTAL CAYMAN ISLANDS			10,541,697
China - 0.3%
China Pacific Insurance Group Co. Ltd. (H Shares)	150,800		592,294
PICC Property & Casualty Co. Ltd. (H Shares)	234,000		378,365
TOTAL CHINA			970,659
Colombia - 0.1%
Grupo de Inversiones Suramerica SA	20,796		463,181
Denmark - 1.7%
A.P. Moller - Maersk A/S Series B	437		1,019,473
Jyske Bank A/S (Reg.) (a)	16,354		928,397
Novo Nordisk A/S Series B sponsored ADR	81,500		3,753,075
Spar Nord Bank A/S	13,331		144,845
Vestas Wind Systems A/S (a)	8,700		393,580
TOTAL DENMARK			6,239,370
Egypt - 0.1%
Commercial International Bank SAE sponsored GDR	55,200		322,920
Finland - 0.6%
Kone Oyj (B Shares)	7,300		307,621
Sampo Oyj (A Shares)	27,753		1,382,451
Tikkurila Oyj	17,080		433,176
TOTAL FINLAND			2,123,248
France - 6.5%
Arkema SA	5,613		521,767
Atos Origin SA	13,197		1,031,305
AXA SA	56,606		1,302,972
BNP Paribas SA	30,454		2,018,582
Bureau Veritas SA	11,700		301,588
Cap Gemini SA	16,202		1,176,535
Coface SA	3,400		50,172
GDF Suez	50,669		1,306,080
Havas SA	98,586		772,268
Laurent-Perrier Group SA	859		79,942
LVMH Moet Hennessy - Louis Vuitton SA	1,908		328,561
Orange SA	67,300		1,053,872
Remy Cointreau SA	4,581		375,106
Renault SA	9,111		760,919
Common Stocks - continued
	Shares		Value
France - continued
Safran SA	27,814		$ 1,634,840
Saft Groupe SA	1,154		42,572
Sanofi SA	31,794		3,338,081
Schneider Electric SA	9,190		777,977
Total SA	85,515		5,515,266
Vetoquinol SA	1,500		67,930
Virbac SA	410		87,842
Vivendi SA	51,955		1,305,835
TOTAL FRANCE			23,850,012
Germany - 4.4%
Allianz SE	13,256		2,206,940
alstria office REIT-AG	2,900		38,398
BASF AG	24,563		2,553,664
Bayer AG	28,412		3,763,420
Bilfinger Berger AG	742		60,707
CompuGroup Medical AG	6,146		153,074
Continental AG	4,183		905,161
CTS Eventim AG	7,966		233,711
Fielmann AG	1,079		136,421
Fresenius SE & Co. KGaA	6,100		914,022
GEA Group AG	13,688		616,676
Linde AG	17,049		3,490,625
Siemens AG	7,873		972,286
TOTAL GERMANY			16,045,105
Greece - 0.2%
Folli Follie SA (a)	7,700		322,724
Greek Organization of Football Prognostics SA	21,400		349,313
Titan Cement Co. SA (Reg.)	4,244		130,707
TOTAL GREECE			802,744
Hong Kong - 0.3%
AIA Group Ltd.	60,600		324,658
Beijing Enterprises Holdings Ltd.	51,500		448,456
Galaxy Entertainment Group Ltd.	48,000		403,664
TOTAL HONG KONG			1,176,778
India - 2.5%
Adani Ports & Special Economic Zone	17,562		75,044
Apollo Hospitals Enterprise Ltd.	14,115		235,271
Asian Paints India Ltd.	31,149		321,779
Axis Bank Ltd.	49,155		325,139
Common Stocks - continued
	Shares		Value
India - continued
Colgate-Palmolive (India)	9,694		$ 250,335
Exide Industries Ltd.	93,006		251,389
Grasim Industries Ltd.	5,252		304,064
Havells India Ltd.	16,368		322,378
HCL Technologies Ltd.	17,920		459,283
HDFC Bank Ltd.	34,418		496,339
Housing Development Finance Corp. Ltd.	83,351		1,459,731
ITC Ltd.	112,417		657,869
Jyothy Laboratories Ltd.	25,119		75,076
Larsen & Toubro Ltd.	17,261		424,744
Lupin Ltd.	17,430		368,423
Mahindra & Mahindra Ltd.	20,840		410,254
Motherson Sumi Systems Ltd.	42,698		255,903
Sun Pharmaceutical Industries Ltd.	42,978		558,465
Tata Consultancy Services Ltd.	17,511		744,166
Tata Motors Ltd.	57,068		417,455
Titan Co. Ltd.	66,327		381,933
Zee Entertainment Enterprises Ltd.	64,070		306,155
TOTAL INDIA			9,101,195
Indonesia - 1.5%
PT ACE Hardware Indonesia Tbk	4,145,300		330,854
PT Astra International Tbk	1,110,700		733,445
PT Bank Central Asia Tbk	687,400		687,913
PT Bank Rakyat Indonesia Tbk	709,200		680,244
PT Global Mediacom Tbk (f)	2,343,200		385,041
PT Indocement Tunggal Prakarsa Tbk	221,600		479,740
PT Jasa Marga Tbk	720,600		393,098
PT Kalbe Farma Tbk	2,513,600		371,220
PT Media Nusantara Citra Tbk (g)	1,524,200		338,179
PT Semen Gresik (Persero) Tbk	346,200		485,590
PT Surya Citra Media Tbk	1,143,000		372,650
PT Tower Bersama Infrastructure Tbk	455,700		324,143
TOTAL INDONESIA			5,582,117
Ireland - 1.2%
Actavis PLC (a)	4,400		942,744
CRH PLC sponsored ADR	58,429		1,372,497
FBD Holdings PLC	5,372		102,865
Common Stocks - continued
	Shares		Value
Ireland - continued
James Hardie Industries PLC:
CDI	9,656		$ 119,915
sponsored ADR	28,255		1,774,697
TOTAL IRELAND			4,312,718
Israel - 0.5%
Azrieli Group	13,296		433,103
Ituran Location & Control Ltd.	1,761		40,503
Sarine Technologies Ltd.	39,000		88,730
Strauss Group Ltd.	2,359		46,394
Teva Pharmaceutical Industries Ltd. sponsored ADR	25,909		1,386,132
TOTAL ISRAEL			1,994,862
Italy - 0.8%
Azimut Holding SpA	23,214		600,557
Beni Stabili SpA SIIQ	187,010		152,128
Interpump Group SpA	51,391		656,840
Intesa Sanpaolo SpA	201,700		598,973
Prada SpA	49,300		349,014
Telecom Italia SpA (a)	675,600		778,489
TOTAL ITALY			3,136,001
Japan - 14.3%
AEON Mall Co. Ltd.	22,500		527,254
Air Water, Inc.	3,000		47,979
Aozora Bank Ltd.	259,000		880,104
Artnature, Inc.	4,000		117,285
Asahi Co. Ltd.	4,800		64,297
Astellas Pharma, Inc.	183,400		2,487,015
Autobacs Seven Co. Ltd.	4,400		71,995
Azbil Corp.	4,700		118,260
Coca-Cola Central Japan Co. Ltd.	27,500		735,018
Cosmos Pharmaceutical Corp.	800		98,037
Daiichikosho Co. Ltd.	1,400		41,529
Daikokutenbussan Co. Ltd.	5,000		143,537
DENSO Corp.	77,700		3,583,957
Dentsu, Inc.	18,600		736,673
East Japan Railway Co.	21,700		1,738,324
Fanuc Corp.	7,300		1,261,661
Fast Retailing Co. Ltd.	4,300		1,419,637
Glory Ltd.	2,100		70,017
Goldcrest Co. Ltd.	6,560		130,781
Harmonic Drive Systems, Inc.	2,800		107,247
Common Stocks - continued
	Shares		Value
Japan - continued
Hitachi Ltd.	144,000		$ 1,116,116
Honda Motor Co. Ltd.	53,900		1,876,317
Hoya Corp.	35,000		1,133,250
Iida Group Holdings Co. Ltd.	4,624		68,896
Itochu Corp.	136,200		1,734,199
Iwatsuka Confectionary Co. Ltd.	1,400		69,132
Japan Tobacco, Inc.	85,200		2,996,275
KDDI Corp.	17,700		1,017,448
Keyence Corp.	6,321		2,753,711
Kobayashi Pharmaceutical Co. Ltd.	1,500		92,987
Koshidaka Holdings Co. Ltd.	2,000		79,035
Kyoto Kimono Yuzen Co. Ltd.	2,600		25,584
Lasertec Corp. (a)	5,500		56,061
Meiko Network Japan Co. Ltd.	2,700		34,510
Miraial Co. Ltd.	2,400		40,404
Mitsubishi Electric Corp.	57,000		752,488
Mitsubishi UFJ Financial Group, Inc.	438,200		2,584,199
Mitsui Fudosan Co. Ltd.	90,000		2,972,144
Mizuho Financial Group, Inc.	649,600		1,261,181
Nabtesco Corp.	3,700		83,595
Nagaileben Co. Ltd.	6,100		123,011
ND Software Co. Ltd.	3,000		63,046
Nihon M&A Center, Inc.	1,500		42,010
Nihon Parkerizing Co. Ltd.	7,000		154,518
Nippon Seiki Co. Ltd.	3,000		58,947
Nippon Telegraph & Telephone Corp.	28,200		1,872,601
NS Tool Co. Ltd.	1,900		40,036
OBIC Co. Ltd.	4,000		141,997
OMRON Corp.	14,800		656,421
ORIX Corp.	69,500		1,123,209
OSG Corp.	11,600		200,992
San-Ai Oil Co. Ltd.	7,000		53,172
Seven & i Holdings Co., Ltd.	35,600		1,481,516
Seven Bank Ltd.	423,000		1,697,513
SHO-BOND Holdings Co. Ltd.	20,300		859,853
Shoei Co. Ltd.	5,900		93,878
SK Kaken Co. Ltd.	1,000		84,382
SoftBank Corp.	47,200		3,393,126
Software Service, Inc.	1,600		82,389
Sony Financial Holdings, Inc.	44,500		728,796
Sumitomo Mitsui Trust Holdings, Inc.	251,920		1,096,282
Techno Medica Co. Ltd.	1,800		41,143
Common Stocks - continued
	Shares		Value
Japan - continued
TFP Consulting Group Co. Ltd.	2,000		$ 54,976
The Nippon Synthetic Chemical Industry Co. Ltd.	10,000		77,463
TKC Corp.	3,000		63,460
Tocalo Co. Ltd.	2,800		47,828
Tsutsumi Jewelry Co. Ltd.	2,000		51,084
USS Co. Ltd.	129,700		2,265,799
Workman Co. Ltd.	2,000		98,413
Yamato Kogyo Co. Ltd.	23,100		750,868
TOTAL JAPAN			52,626,868
Kenya - 0.4%
East African Breweries Ltd.	85,300		283,686
Kenya Commercial Bank Ltd.	493,800		306,516
Safaricom Ltd.	5,936,000		824,820
TOTAL KENYA			1,415,022
Korea (South) - 2.2%
Bgf Retail (a)	5,252		326,913
Coway Co. Ltd.	7,548		650,531
Hyundai Mobis	2,784		831,528
Hyundai Motor Co.	4,385		1,037,906
KEPCO Plant Service & Engineering Co. Ltd.	4,010		288,464
Leeno Industrial, Inc.	2,264		78,530
NAVER Corp.	1,952		1,393,616
Samsung Electronics Co. Ltd.	2,597		3,360,584
TOTAL KOREA (SOUTH)			7,968,072
Luxembourg - 0.2%
RTL Group SA	5,927		603,575
Malaysia - 0.2%
Astro Malaysia Holdings Bhd	320,600		336,501
Tune Insurance Holdings Bhd	419,900		305,626
TOTAL MALAYSIA			642,127
Malta - 0.1%
Brait SA	52,000		362,734
Mexico - 1.3%
Banregio Grupo Financiero S.A.B. de CV	54,000		306,231
Consorcio ARA S.A.B. de CV (a)	198,155		90,234
Fomento Economico Mexicano S.A.B. de CV:
unit	73,100		687,593
sponsored ADR	5,833		547,660
Common Stocks - continued
	Shares		Value
Mexico - continued
Grupo Aeroportuario del Pacifico SA de CV Series B	54,400		$ 365,369
Grupo Aeroportuario del Sureste SA de CV Series B	33,800		420,429
Grupo Aeroportuario Norte S.A.B. de CV	57,900		229,235
Grupo Financiero Banorte S.A.B. de CV Series O	91,600		608,773
Grupo Televisa SA de CV	103,000		734,401
Megacable Holdings S.A.B. de CV unit	73,600		316,001
Promotora y Operadora de Infraestructura S.A.B. de CV (a)	29,500		365,269
Qualitas Controladora S.A.B. de CV	101,200		274,434
TOTAL MEXICO			4,945,629
Netherlands - 1.7%
Aalberts Industries NV	7,600		232,183
ASM International NV (depositary receipt)	1,250		47,300
Heijmans NV (Certificaten Van Aandelen)	8,481		120,776
ING Groep NV (Certificaten Van Aandelen) (a)	242,823		3,153,686
Reed Elsevier NV	47,275		1,065,083
Unilever NV (Certificaten Van Aandelen) (Bearer)	24,100		991,860
VastNed Retail NV	3,338		170,119
Yandex NV (a)	12,700		384,556
TOTAL NETHERLANDS			6,165,563
Nigeria - 0.3%
Dangote Cement PLC	278,601		395,789
Guaranty Trust Bank PLC GDR (Reg. S)	36,700		330,300
Nigerian Breweries PLC	284,944		316,976
TOTAL NIGERIA			1,043,065
Norway - 0.3%
Statoil ASA	43,000		1,228,707
Panama - 0.1%
Copa Holdings SA Class A	2,100		318,927
Philippines - 0.9%
Alliance Global Group, Inc.	750,000		449,080
Bank of the Philippine Islands (BPI)	134,770		292,640
DMCI Holdings, Inc.	196,050		326,624
GT Capital Holdings, Inc.	18,840		383,556
International Container Terminal Services, Inc.	106,050		274,361
Jollibee Food Corp.	14,560		58,843
Metropolitan Bank & Trust Co.	163,850		321,207
Robinsons Retail Holdings, Inc.	199,720		298,965
Common Stocks - continued
	Shares		Value
Philippines - continued
SM Investments Corp.	20,190		$ 366,467
SM Prime Holdings, Inc.	1,149,800		401,568
TOTAL PHILIPPINES			3,173,311
Russia - 0.6%
Magnit OJSC GDR (Reg. S)	10,700		631,300
Norilsk Nickel OJSC ADR	25,100		493,215
NOVATEK OAO GDR (Reg. S)	4,600		477,710
Sberbank (Savings Bank of the Russian Federation) (a)	341,000		702,448
TOTAL RUSSIA			2,304,673
Singapore - 0.3%
Singapore Telecommunications Ltd.	325,000		1,057,064
South Africa - 2.5%
Alexander Forbes Group Holding (a)	464,610		376,957
Aspen Pharmacare Holdings Ltd.	19,500		528,371
Bidvest Group Ltd.	19,200		517,342
Clicks Group Ltd.	179,486		1,099,379
Coronation Fund Managers Ltd.	30,900		282,258
FirstRand Ltd.	137,700		555,397
Life Healthcare Group Holdings Ltd.	96,500		396,871
Mr Price Group Ltd.	22,700		429,740
MTN Group Ltd.	48,100		997,616
Nampak Ltd.	127,230		484,098
Naspers Ltd. Class N	17,700		2,196,497
Remgro Ltd.	22,300		482,248
Sanlam Ltd.	82,200		468,378
Shoprite Holdings Ltd.	33,200		501,545
TOTAL SOUTH AFRICA			9,316,697
Spain - 2.0%
Amadeus IT Holding SA Class A	27,964		1,104,633
Banco Bilbao Vizcaya Argentaria SA	129,600		1,593,134
Grifols SA	1,246		56,427
Iberdrola SA	162,500		1,211,137
Inditex SA	84,310		2,467,327
International Consolidated Airlines Group SA CDI (a)	73,600		411,048
Prosegur Compania de Seguridad SA (Reg.)	80,576		545,950
TOTAL SPAIN			7,389,656
Sweden - 3.3%
ASSA ABLOY AB (B Shares)	38,500		1,897,596
Common Stocks - continued
	Shares		Value
Sweden - continued
Atlas Copco AB (A Shares) (d)	65,459		$ 1,960,487
Fagerhult AB	46,455		922,608
H&M Hennes & Mauritz AB (B Shares)	37,639		1,543,602
Intrum Justitia AB	28,363		869,614
Investment AB Kinnevik (B Shares)	6,400		266,272
Meda AB (A Shares)	35,500		572,780
Nordea Bank AB	129,267		1,739,001
Svenska Cellulosa AB (SCA) (B Shares)	33,526		828,648
Svenska Handelsbanken AB (A Shares)	29,315		1,418,111
TOTAL SWEDEN			12,018,719
Switzerland - 7.2%
Compagnie Financiere Richemont SA Series A	3,438		327,816
Nestle SA	104,829		7,761,544
Novartis AG	65,318		5,682,578
Roche Holding AG (participation certificate)	22,595		6,557,199
Schindler Holding AG:
(participation certificate)	6,511		975,127
(Reg.)	2,001		296,379
SGS SA (Reg.)	150		327,978
Swatch Group AG (Bearer)	670		358,980
Syngenta AG (Switzerland)	1,682		595,856
UBS AG (NY Shares)	210,097		3,607,365
TOTAL SWITZERLAND			26,490,822
Taiwan - 1.2%
Addcn Technology Co. Ltd.	25,000		310,734
Delta Electronics, Inc.	79,000		535,545
Giant Manufacturing Co. Ltd.	37,000		302,755
Merida Industry Co. Ltd.	50,000		389,497
Taiwan Semiconductor Manufacturing Co. Ltd.	690,035		2,759,873
TOTAL TAIWAN			4,298,404
Thailand - 0.6%
Airports of Thailand PCL (For. Reg.)	62,800		415,717
Bangkok Dusit Medical Services PCL (For. Reg.)	613,600		323,221
Bumrungrad Hospital PCL (For. Reg.)	123,100		459,918
Central Pattana PCL (For. Reg.)	194,600		286,790
Kasikornbank PCL (For. Reg.)	89,800		589,748
Minor International PCL (For. Reg.)	179,500		179,698
TOTAL THAILAND			2,255,092
Common Stocks - continued
	Shares		Value
Turkey - 0.7%
Albaraka Turk Katilim Bankasi A/S	73,907		$ 60,014
Coca-Cola Icecek Sanayi A/S	48,889		1,226,332
Enka Insaat ve Sanayi A/S	126,194		329,796
TAV Havalimanlari Holding A/S	48,000		395,371
Tofas Turk Otomobil Fabrikasi A/S	51,342		318,671
Tupras Turkiye Petrol Rafinelleri A/S	13,000		317,598
TOTAL TURKEY			2,647,782
United Arab Emirates - 0.2%
DP World Ltd.	17,712		352,469
First Gulf Bank PJSC	85,001		421,181
TOTAL UNITED ARAB EMIRATES			773,650
United Kingdom - 16.1%
Advanced Computer Software Group PLC	21,800		43,982
Al Noor Hospitals Group PLC	20,500		351,985
AstraZeneca PLC (United Kingdom)	32,237		2,353,833
Babcock International Group PLC	46,423		860,568
BAE Systems PLC	215,521		1,556,611
Barclays PLC	424,397		1,608,759
Bellway PLC	5,928		151,225
Berendsen PLC	28,655		506,520
BG Group PLC	134,027		2,642,913
BHP Billiton PLC	84,459		2,881,068
British American Tobacco PLC (United Kingdom)	5,200		304,629
Britvic PLC	12,317		145,875
BT Group PLC	142,275		931,461
Bunzl PLC	43,757		1,175,350
Burberry Group PLC	12,400		296,020
Compass Group PLC	79,407		1,297,058
Dechra Pharmaceuticals PLC	9,000		105,451
Derwent London PLC	2,000		90,358
Diageo PLC	11,318		339,906
Elementis PLC	34,808		158,669
GlaxoSmithKline PLC	83,397		2,009,764
Great Portland Estates PLC	13,372		144,260
Hilton Food Group PLC	5,400		43,237
HSBC Holdings PLC sponsored ADR	63,266		3,377,772
Imperial Tobacco Group PLC	42,824		1,858,827
Informa PLC	188,410		1,551,974
InterContinental Hotel Group PLC ADR	59,396		2,399,004
Intertek Group PLC	6,900		298,687
Common Stocks - continued
	Shares		Value
United Kingdom - continued
ITE Group PLC	18,500		$ 62,686
ITV PLC	351,419		1,238,219
Jazztel PLC (a)	22,900		308,789
Johnson Matthey PLC	27,877		1,392,646
Liberty Global PLC Class A (a)	15,700		653,120
Meggitt PLC	14,039		120,525
National Grid PLC	155,191		2,210,422
Next PLC	6,400		731,507
Persimmon PLC	3,737		79,054
Prudential PLC	232,265		5,338,347
Reckitt Benckiser Group PLC	34,751		3,077,247
Reed Elsevier PLC	74,821		1,205,727
Rexam PLC	72,167		610,416
Rolls-Royce Group PLC	96,152		1,688,268
Rotork PLC	10,003		467,631
Royal Dutch Shell PLC Class A sponsored ADR	36,029		2,948,253
SABMiller PLC	52,863		2,889,870
Shaftesbury PLC	56,637		646,871
Spectris PLC	5,370		172,983
Spirax-Sarco Engineering PLC	5,107		234,867
Standard Chartered PLC (United Kingdom)	25,397		528,254
Ted Baker PLC	2,775		80,020
Ultra Electronics Holdings PLC	4,501		134,807
Unite Group PLC	84,677		581,276
Vodafone Group PLC sponsored ADR	71,026		2,359,484
TOTAL UNITED KINGDOM			59,247,055
United States of America - 7.6%
A.O. Smith Corp.	5,400		252,180
AbbVie, Inc.	18,529		969,808
ANSYS, Inc. (a)	400		30,776
Autoliv, Inc.	16,054		1,597,534
Berkshire Hathaway, Inc. Class B (a)	7,316		917,646
BorgWarner, Inc.	30,394		1,892,027
Broadridge Financial Solutions, Inc.	1,140		46,022
Cabot Corp.	11,466		600,704
Colgate-Palmolive Co.	5,200		329,680
Cummins, Inc.	7,091		988,414
Dril-Quip, Inc. (a)	770		77,593
Evercore Partners, Inc. Class A	1,460		79,658
FMC Technologies, Inc. (a)	11,403		693,302
Common Stocks - continued
	Shares		Value
United States of America - continued
Google, Inc.:
Class A (a)	2,590		$ 1,501,035
Class C (a)	1,790		1,023,164
JPMorgan Chase & Co.	6,500		374,855
Kansas City Southern	2,800		305,368
Kennedy-Wilson Holdings, Inc.	5,483		128,302
Las Vegas Sands Corp.	4,500		332,325
Martin Marietta Materials, Inc.	10,080		1,252,238
MasterCard, Inc. Class A	29,490		2,186,684
Mead Johnson Nutrition Co. Class A	11,200		1,024,128
Mohawk Industries, Inc. (a)	8,135		1,015,004
National Oilwell Varco, Inc.	4,046		327,888
Oceaneering International, Inc.	7,838		532,279
Philip Morris International, Inc.	17,000		1,394,170
PriceSmart, Inc.	8,685		714,776
ResMed, Inc.	14,520		751,265
ResMed, Inc. CDI	136,139		690,631
Solera Holdings, Inc.	18,594		1,190,016
SS&C Technologies Holdings, Inc. (a)	21,254		920,511
T-Mobile U.S., Inc. (a)	15,500		510,570
The Rubicon Project, Inc.	1,698		20,223
Tiffany & Co., Inc.	3,000		292,830
Union Pacific Corp.	8,000		786,480
Visa, Inc. Class A	10,431		2,201,045
TOTAL UNITED STATES OF AMERICA			27,951,131
TOTAL COMMON STOCKS (Cost $301,513,760)		358,461,569
Nonconvertible Preferred Stocks - 1.2%

Brazil - 0.6%
Ambev SA sponsored ADR	142,700		983,203
Itau Unibanco Holding SA sponsored ADR	72,200		1,111,880
Marcopolo SA (PN)	136,400		240,485
TOTAL BRAZIL			2,335,568
Colombia - 0.1%
Grupo Aval Acciones y Valores SA	439,805		325,739
Nonconvertible Preferred Stocks - continued
	Shares		Value
Germany - 0.5%
Sartorius AG (non-vtg.)	1,050		$ 125,683
Volkswagen AG	6,590		1,540,288
TOTAL GERMANY			1,665,971
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $4,067,130)		4,327,278
Money Market Funds - 2.0%

Fidelity Cash Central Fund, 0.11% (b)	5,469,286		5,469,286
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	1,856,400		1,856,400
TOTAL MONEY MARKET FUNDS (Cost $7,325,686)		7,325,686
TOTAL INVESTMENT PORTFOLIO - 100.6% (Cost $312,906,576)			370,114,533
NET OTHER ASSETS (LIABILITIES) - (0.6)%			(2,193,417)
NET ASSETS - 100%		$ 367,921,116

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.

(g) Security or a portion of the security sold on a delayed delivery 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	$ 4,809
Fidelity Securities Lending Cash Central Fund	106,802
Total	$ 111,611

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 July 31, 2014, 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	$ 55,867,793	$ 31,853,633	$ 24,014,160	$ -
Consumer Staples	41,036,756	19,442,028	21,594,728	-
Energy	16,253,596	6,813,538	9,440,058	-
Financials	74,856,876	34,436,891	40,419,985	-
Health Care	46,175,759	16,340,670	29,835,089	-
Industrials	47,228,924	31,963,202	15,265,722	-
Information Technology	35,116,859	15,863,561	19,253,298	-
Materials	23,164,345	16,403,543	6,760,802	-
Telecommunication Services	17,499,331	6,307,114	11,192,217	-
Utilities	5,588,608	2,517,217	3,071,391	-
Money Market Funds	7,325,686	7,325,686	-	-
Total Investments in Securities:	$ 370,114,533	$ 189,267,083	$ 180,847,450	$ -

Transfers	Total
Level 1 to Level 2	$ 32,365,040
Level 2 to Level 1	$ 0

Income Tax Information

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

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity Advisor ® Worldwide Fund
Class A
Class T
Class B
Class C
Institutional Class

July 31, 2014

Class A, Class T, Class B, Class C and
Institutional Class
are classes of Fidelity®
Worldwide Fund

1.883452.105

AWLD-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Australia - 1.9%
Ansell Ltd.	174,223		$ 3,058,604
Asaleo Care Ltd. (a)	1,507,430		2,484,962
Australia & New Zealand Banking Group Ltd.	377,915		11,799,123
G8 Education Ltd.	368,071		1,680,312
Greencross Ltd.	203,515		1,955,160
Ramsay Health Care Ltd.	80,656		3,593,281
Spotless Group Holdings Ltd.	1,248,598		2,127,277
Woodside Petroleum Ltd.	114,757		4,504,667
TOTAL AUSTRALIA			31,203,386
Austria - 0.1%
Andritz AG	28,200		1,529,329
Bailiwick of Jersey - 0.7%
MySale Group PLC	608,400		2,136,496
Shire PLC	70,341		5,789,653
Wolseley PLC	60,267		3,150,142
TOTAL BAILIWICK OF JERSEY			11,076,291
Belgium - 0.8%
Anheuser-Busch InBev SA NV	69,011		7,448,548
Arseus NV	14,800		798,168
KBC Groupe SA (a)	87,287		4,753,577
TOTAL BELGIUM			13,000,293
Bermuda - 0.3%
BW Offshore Ltd.	560,800		744,896
Noble Group Ltd.	1,453,000		1,644,845
PAX Global Technology Ltd. (a)	4,338,000		3,325,266
TOTAL BERMUDA			5,715,007
Canada - 1.8%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	86,100		2,356,330
Constellation Software, Inc.	16,700		3,966,891
First Quantum Minerals Ltd.	236,200		5,601,992
Imperial Oil Ltd.	77,900		3,997,345
Potash Corp. of Saskatchewan, Inc.	52,600		1,867,424
PrairieSky Royalty Ltd.	91,600		3,309,983
Suncor Energy, Inc.	141,700		5,818,232
TransForce, Inc.	90,200		2,280,748
TOTAL CANADA			29,198,945
Cayman Islands - 0.4%
Cimc Enric Holdings Ltd.	384,000		457,227
ENN Energy Holdings Ltd.	198,000		1,400,494
Greatview Aseptic Pack Co. Ltd.	1,799,000		1,400,402
Sands China Ltd.	277,200		2,035,117
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	53,700		1,654,497
TOTAL CAYMAN ISLANDS			6,947,737
Curacao - 0.2%
Schlumberger Ltd.	37,000		4,010,430

	Shares		Value
Cyprus - 0.0%
SPDI Secure Property Development & Investment PLC (a)	31,822		$ 33,310
Denmark - 1.2%
ISS Holdings A/S (a)	45,600		1,465,896
Novo Nordisk A/S Series B	231,680		10,664,737
Pandora A/S	34,300		2,355,576
Vestas Wind Systems A/S (a)	116,400		5,265,824
TOTAL DENMARK			19,752,033
Finland - 0.3%
Sampo Oyj (A Shares)	103,100		5,135,685
France - 3.0%
Atos Origin SA	33,157		2,591,119
AXA SA	100,800		2,320,242
BNP Paribas SA	60,730		4,025,365
Bureau Veritas SA	86,700		2,234,841
GDF Suez	82,700		2,131,734
Havas SA	390,700		3,060,526
Iliad SA	7,235		1,995,734
Numericable Group SA (a)(d)	77,500		4,285,964
Rexel SA	216,100		4,191,506
Schneider Electric SA	81,500		6,899,361
SR Teleperformance SA	24,500		1,704,637
Total SA	219,800		14,175,940
TOTAL FRANCE			49,616,969
Germany - 3.5%
Aareal Bank AG	63,891		2,724,871
BASF AG	75,075		7,805,085
Bayer AG	87,500		11,590,147
Brenntag AG	28,600		4,605,194
Continental AG	19,500		4,219,614
Drillisch AG	127,100		4,790,940
GEA Group AG	88,491		3,986,726
HeidelbergCement Finance AG	31,000		2,309,232
KION Group AG	95,589		3,731,155
LEG Immobilien AG	19,100		1,339,663
Siemens AG	70,861		8,751,065
Symrise AG	32,500		1,706,385
TOTAL GERMANY			57,560,077
Greece - 0.1%
Folli Follie SA (a)	59,300		2,485,397
Hong Kong - 0.8%
AIA Group Ltd.	1,294,600		6,935,691
Techtronic Industries Co. Ltd.	2,248,000		6,737,892
TOTAL HONG KONG			13,673,583
India - 1.1%
Bharti Infratel Ltd. (a)	343,664		1,451,501
Container Corp. of India Ltd.	33,567		759,175
Housing Development Finance Corp. Ltd.	472,533		8,275,499
Lupin Ltd.	129,448		2,736,179
Common Stocks - continued
	Shares		Value
India - continued
The Jammu & Kashmir Bank Ltd.	46,023		$ 1,211,199
Titan Co. Ltd.	144,739		833,455
United Spirits Ltd.	7,362		285,854
Yes Bank Ltd.	202,552		1,785,694
TOTAL INDIA			17,338,556
Indonesia - 0.2%
PT Bank Central Asia Tbk (g)	1,521,300		1,522,435
PT Bank Rakyat Indonesia Tbk (g)	1,639,100		1,572,178
TOTAL INDONESIA			3,094,613
Ireland - 2.9%
Actavis PLC (a)	77,800		16,669,428
Alkermes PLC (a)	98,421		4,208,482
Bank of Ireland (a)	3,692,100		1,292,575
Covidien PLC	39,000		3,373,890
Glanbia PLC	135,500		2,090,204
Greencore Group PLC	2,008,941		8,964,250
James Hardie Industries PLC CDI	351,670		4,367,270
Kerry Group PLC Class A	66,400		4,934,667
Seagate Technology LLC	39,000		2,285,400
United Drug PLC (United Kingdom)	23,900		143,405
TOTAL IRELAND			48,329,571
Israel - 0.1%
Teva Pharmaceutical Industries Ltd. sponsored ADR	45,000		2,407,500
Italy - 0.5%
De Longhi SpA	149,600		3,185,118
Telecom Italia SpA (a)	2,893,000		3,333,582
World Duty Free SpA (a)	159,397		1,820,648
TOTAL ITALY			8,339,348
Japan - 7.8%
ABC-MART, Inc.	21,800		1,177,287
ACOM Co. Ltd. (a)	450,600		1,774,236
Aozora Bank Ltd.	983,000		3,340,319
Astellas Pharma, Inc.	640,900		8,690,992
Coca-Cola Central Japan Co. Ltd.	98,800		2,640,720
Daikin Industries Ltd.	64,800		4,450,400
Don Quijote Holdings Co. Ltd.	83,900		4,533,445
Harmonic Drive Systems, Inc.	54,100		2,072,171
Hitachi Ltd.	409,000		3,170,078
Hoya Corp.	126,800		4,105,602
Japan Exchange Group, Inc.	159,500		3,628,860
Japan Tobacco, Inc.	229,600		8,074,468
KDDI Corp.	100,800		5,794,279
Keyence Corp.	17,760		7,737,053
NEC Corp.	1,585,000		6,119,465
Olympus Corp. (a)	95,600		3,440,051
OMRON Corp.	123,800		5,490,870
ORIX Corp.	534,200		8,633,357
Park24 Co. Ltd.	83,900		1,539,179

	Shares		Value
Rakuten, Inc.	346,400		$ 4,549,263
Sanix, Inc. (a)	82,000		969,122
Santen Pharmaceutical Co. Ltd.	71,900		4,238,562
Seven & i Holdings Co., Ltd.	164,900		6,862,414
Seven Bank Ltd.	1,073,500		4,307,991
Ship Healthcare Holdings, Inc.	67,000		2,188,958
SoftBank Corp.	124,900		8,978,844
Sundrug Co. Ltd.	45,400		2,038,257
Takata Corp.	76,000		1,511,903
Toshiba Plant Systems & Services Corp.	155,300		2,462,965
Tsuruha Holdings, Inc.	47,500		2,726,718
VT Holdings Co. Ltd.	227,000		1,217,182
TOTAL JAPAN			128,465,011
Kenya - 0.2%
Safaricom Ltd.	18,905,500		2,626,960
Korea (South) - 0.4%
Hyundai Motor Co.	12,766		3,021,643
Naturalendo Tech Co. Ltd.	6,642		514,907
NAVER Corp.	3,720		2,655,866
TOTAL KOREA (SOUTH)			6,192,416
Luxembourg - 0.3%
Altice S.A.	72,400		4,154,673
Netherlands - 1.2%
AEGON NV	292,700		2,373,700
AerCap Holdings NV (a)	196,200		8,560,206
IMCD Group BV	92,871		2,860,255
LyondellBasell Industries NV Class A	22,000		2,337,500
Royal DSM NV	48,000		3,321,701
TOTAL NETHERLANDS			19,453,362
New Zealand - 0.3%
EBOS Group Ltd.	295,468		2,540,121
Ryman Healthcare Group Ltd.	459,616		3,162,595
TOTAL NEW ZEALAND			5,702,716
Philippines - 0.3%
Alliance Global Group, Inc.	4,919,115		2,945,437
SM Investments Corp.	106,630		1,935,434
TOTAL PHILIPPINES			4,880,871
Portugal - 0.1%
CTT Correios de Portugal SA	37,774		402,121
Espirito Santo Saude SGPS SA	163,137		822,459
TOTAL PORTUGAL			1,224,580
Singapore - 0.1%
Ezion Holdings Ltd.	792,000		1,356,345
South Africa - 0.2%
Distell Group Ltd.	126,410		1,601,256
Naspers Ltd. Class N	19,700		2,444,689
TOTAL SOUTH AFRICA			4,045,945
Common Stocks - continued
	Shares		Value
Spain - 1.4%
Amadeus IT Holding SA Class A	148,100		$ 5,850,243
Atresmedia Corporacion de Medios de Comunicacion SA (d)	93,500		1,375,961
Banco Bilbao Vizcaya Argentaria SA	315,731		3,881,188
Criteria CaixaCorp SA	501,582		3,021,724
Grifols SA ADR	112,842		4,137,916
Inditex SA	138,615		4,056,559
TOTAL SPAIN			22,323,591
Sweden - 1.8%
ASSA ABLOY AB (B Shares)	147,200		7,255,226
Eniro AB (a)(d)	155,494		499,965
H&M Hennes & Mauritz AB (B Shares)	66,882		2,742,878
HEXPOL AB (B Shares)	21,800		1,834,522
Intrum Justitia AB	115,000		3,525,920
Nordea Bank AB	570,000		7,668,087
Svenska Cellulosa AB (SCA) (B Shares)	61,300		1,515,127
Svenska Handelsbanken AB (A Shares)	87,700		4,242,482
TOTAL SWEDEN			29,284,207
Switzerland - 3.4%
Clariant AG (Reg.)	151,250		2,826,107
Compagnie Financiere Richemont SA Series A	33,134		3,159,352
Lonza Group AG	47,211		5,247,110
Partners Group Holding AG	13,818		3,469,896
Roche Holding AG (participation certificate)	71,300		20,691,670
Schindler Holding AG (participation certificate)	11,367		1,702,392
Sonova Holding AG Class B	2,149		334,617
TE Connectivity Ltd.	213,000		13,182,570
UBS AG	357,757		6,146,816
TOTAL SWITZERLAND			56,760,530
Taiwan - 0.5%
ECLAT Textile Co. Ltd.	149,940		1,658,929
MediaTek, Inc.	278,000		4,291,993
Merida Industry Co. Ltd.	295,000		2,298,035
TOTAL TAIWAN			8,248,957
Turkey - 0.0%
Logo Yazilim Sanayi Ve Ticar (a)	10,330		100,996
United Kingdom - 7.1%
Aberdeen Asset Management PLC	355,842		2,485,978
Al Noor Hospitals Group PLC	169,000		2,901,732
Anglo American PLC (United Kingdom)	83,500		2,242,475
Associated British Foods PLC	48,600		2,279,387
B&M European Value Retail S.A.	406,743		1,864,402
BG Group PLC	422,900		8,339,275
BHP Billiton PLC	148,438		5,063,521
British American Tobacco PLC (United Kingdom)	145,000		8,494,451
Bunzl PLC	72,900		1,958,156

	Shares		Value
Diageo PLC	255,245		$ 7,665,604
Exova Group Ltd. PLC (a)	565,900		2,206,995
Galiform PLC	347,202		1,987,740
Hikma Pharmaceuticals PLC	232,348		7,056,994
Hilton Food Group PLC	350,100		2,803,168
ITV PLC	907,700		3,198,265
Jazztel PLC (a)	284,917		3,841,887
Liberty Global PLC:
Class A (a)	41,200		1,713,920
Class C	41,200		1,647,588
Lloyds Banking Group PLC (a)	2,382,400		2,970,083
London Stock Exchange Group PLC	162,000		5,300,519
Meggitt PLC	237,998		2,043,214
Melrose PLC	578,999		2,572,843
Next PLC	57,000		6,514,981
Persimmon PLC	92,000		1,946,205
Poundland Group PLC (a)	248,394		1,354,125
Reckitt Benckiser Group PLC	48,500		4,294,740
Rex Bionics PLC (a)	100,000		303,050
Rolls-Royce Group PLC	261,600		4,593,257
Rotork PLC	44,510		2,080,799
SABMiller PLC	71,500		3,908,702
St. James's Place Capital PLC	348,700		4,276,980
Sthree PLC	344,400		2,093,222
Taylor Wimpey PLC	761,900		1,431,669
The Restaurant Group PLC	123,700		1,286,471
Ultra Electronics Holdings PLC	36,900		1,105,171
Vodafone Group PLC	35,309		117,582
Zoopla Property Group PLC	83,700		356,103
TOTAL UNITED KINGDOM			116,301,254
United States of America - 51.8%
Adobe Systems, Inc. (a)	633,200		43,760,452
American Airlines Group, Inc.	613,000		23,815,050
American Express Co.	49,000		4,312,000
Ameriprise Financial, Inc.	381,400		45,615,440
Applied Materials, Inc.	389,000		8,153,440
AutoZone, Inc. (a)	15,500		8,013,965
Biogen Idec, Inc. (a)	36,000		12,038,040
Bluebird Bio, Inc. (a)	3,100		103,540
Boston Properties, Inc.	5,000		597,250
Boston Scientific Corp. (a)	113,200		1,446,696
Cabot Oil & Gas Corp.	1,085,000		35,750,750
Caterpillar, Inc.	27,000		2,720,250
CBRE Group, Inc. (a)	195,000		6,013,800
Celanese Corp. Class A	83,000		4,831,430
Chevron Corp.	36,200		4,678,488
Chipotle Mexican Grill, Inc. (a)	5,000		3,362,500
Church & Dwight Co., Inc.	21,000		1,347,780
Cimarex Energy Co.	14,000		1,946,280
Comcast Corp. Class A	407,000		21,868,110
Computer Sciences Corp.	20,000		1,247,800
Continental Resources, Inc. (a)	25,000		3,669,500
Cummins, Inc.	289,700		40,381,283
Common Stocks - continued
	Shares		Value
United States of America - continued
CVS Caremark Corp.	308,000		$ 23,518,880
Devon Energy Corp.	134,000		10,117,000
Diamondback Energy, Inc. (a)	5,000		411,150
Dynegy, Inc. (a)	241,500		6,411,825
EOG Resources, Inc.	88,000		9,630,720
Estee Lauder Companies, Inc. Class A	85,000		6,244,100
Facebook, Inc. Class A (a)	315,500		22,921,075
Fidelity National Information Services, Inc.	263,000		14,833,200
Freeport-McMoRan Copper & Gold, Inc.	92,000		3,424,240
Google, Inc.:
Class A (a)	82,800		47,986,740
Class C (a)	5,600		3,200,960
Halliburton Co.	395,000		27,251,050
Illumina, Inc. (a)	21,500		3,438,065
inContact, Inc. (a)	167,000		1,334,330
Interactive Intelligence Group, Inc. (a)	10,000		453,700
Intercept Pharmaceuticals, Inc. (a)	40,500		9,410,580
InterMune, Inc. (a)	50,000		2,193,500
Isis Pharmaceuticals, Inc. (a)	10,900		337,791
JetBlue Airways Corp. (a)	168,000		1,800,960
Johnson & Johnson	141,000		14,112,690
Las Vegas Sands Corp.	58,900		4,349,765
Marriott International, Inc. Class A	273,000		17,665,830
MasterCard, Inc. Class A	54,000		4,004,100
McGraw Hill Financial, Inc.	661,800		53,089,592
Memorial Resource Development Corp.	28,700		659,526
Micron Technology, Inc. (a)	360,000		10,998,000
Microsoft Corp.	669,000		28,874,040
Moody's Corp.	104,000		9,048,000
MPLX LP	69,000		3,915,750
Neurocrine Biosciences, Inc. (a)	41,600		564,928
Newfield Exploration Co. (a)	317,000		12,775,100
NextEra Energy Partners LP	94,000		3,199,760
Noble Energy, Inc.	156,000		10,372,440
Norfolk Southern Corp.	229,900		23,371,634
Oracle Corp.	192,000		7,754,880
Phillips 66 Partners LP	62,000		3,964,900
Piedmont Office Realty Trust, Inc. Class A	69,000		1,342,050
Pioneer Natural Resources Co.	45,900		10,165,014
Prestige Brands Holdings, Inc. (a)	219,000		6,745,200
priceline.com, Inc. (a)	1,700		2,112,165
QUALCOMM, Inc.	34,300		2,527,910
Ralph Lauren Corp.	15,000		2,337,900
Range Resources Corp.	332,000		25,095,880
salesforce.com, Inc. (a)	147,300		7,991,025
Sempra Energy	61,000		6,082,310
SL Green Realty Corp.	7,000		754,600
Spectra Energy Corp.	64,000		2,618,880
Spirit Airlines, Inc. (a)	88,500		5,789,670

	Shares		Value
Stericycle, Inc. (a)	10,000		$ 1,176,500
SVB Financial Group (a)	16,000		1,744,320
T. Rowe Price Group, Inc.	20,000		1,553,200
Targa Resources Corp.	21,000		2,677,500
The Cooper Companies, Inc.	58,800		9,459,744
The Walt Disney Co.	80,000		6,870,400
Thermo Fisher Scientific, Inc.	111,000		13,486,500
TJX Companies, Inc.	34,900		1,859,821
Twitter, Inc.	84,000		3,795,960
Ultragenyx Pharmaceutical, Inc.	2,700		117,990
Union Pacific Corp.	216,800		21,313,608
Visa, Inc. Class A	18,200		3,840,382
Wells Fargo & Co.	273,000		13,895,700
Western Digital Corp.	26,000		2,595,580
Workday, Inc. Class A (a)	2,100		176,064
Wyndham Worldwide Corp.	14,000		1,057,700
Zebra Technologies Corp. Class A (a)	190,000		15,213,300
TOTAL UNITED STATES OF AMERICA			853,711,518
TOTAL COMMON STOCKS (Cost $1,372,085,299)		1,595,281,992
Nonconvertible Preferred Stocks - 0.4%

Germany - 0.4%
Volkswagen AG (Cost $5,175,561)	29,300		6,848,324

Government Obligations - 0.1%
		Principal Amount
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.03% 8/21/14 to 10/30/14 (h) (Cost $899,975)		$ 900,000	899,984
Preferred Securities - 0.1%

Ireland - 0.1%
Baggot Securities Ltd. 10.24% (e)(f) (Cost $1,935,052)	EUR	1,260,000	1,901,555

Money Market Funds - 3.6%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	55,185,461		$ 55,185,461
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	3,959,565		3,959,565
TOTAL MONEY MARKET FUNDS (Cost $59,145,026)		59,145,026
TOTAL INVESTMENT PORTFOLIO - 101.0% (Cost $1,439,240,913)			1,664,076,881
NET OTHER ASSETS (LIABILITIES) - (1.0)%			(16,903,868)
NET ASSETS - 100%		$ 1,647,173,013

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
242 CME Nikkei 225 Index Contracts	Sept. 2014	$ 18,767,100	$ 353,682

The face value of futures purchased as a percentage of net assets is 1.1%

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

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

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

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

(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 $899,984.

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	$ 41,688
Fidelity Securities Lending Cash Central Fund	222,213
Total	$ 263,901

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	$ 172,529,725	$ 141,275,262	$ 31,254,463	$ -
Consumer Staples	114,580,587	65,858,591	48,721,996	-
Energy	211,957,041	183,580,814	28,376,227	-
Financials	260,215,275	188,764,331	71,450,944	-
Health Care	208,370,129	140,807,375	67,562,754	-
Industrials	231,628,133	201,513,836	30,114,297	-
Information Technology	295,558,123	258,661,930	36,896,193	-
Materials	53,799,541	40,725,873	13,073,668	-
Telecommunication Services	34,265,639	14,589,851	19,675,788	-
Utilities	19,226,123	17,825,629	1,400,494	-
Government Obligations	899,984	-	899,984	-
Preferred Securities	1,901,555	-	1,901,555	-
Money Market Funds	59,145,026	59,145,026	-	-
Total Investments in Securities:	$ 1,664,076,881	$ 1,312,748,518	$ 351,328,363	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 353,682	$ 353,682	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 74,968,069
Level 2 to Level 1	$ -

Income Tax Information

At July 31, 2014, the cost of investment securities for income tax purposes was $1,446,657,521. Net unrealized appreciation aggregated $217,419,360, of which $246,019,314 related to appreciated investment securities and $28,599,954 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. 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 ® Worldwide Fund

July 31, 2014

1.804829.110

WLD-QTLY-0914

Investments July 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.8%
	Shares		Value
Australia - 1.9%
Ansell Ltd.	174,223		$ 3,058,604
Asaleo Care Ltd. (a)	1,507,430		2,484,962
Australia & New Zealand Banking Group Ltd.	377,915		11,799,123
G8 Education Ltd.	368,071		1,680,312
Greencross Ltd.	203,515		1,955,160
Ramsay Health Care Ltd.	80,656		3,593,281
Spotless Group Holdings Ltd.	1,248,598		2,127,277
Woodside Petroleum Ltd.	114,757		4,504,667
TOTAL AUSTRALIA			31,203,386
Austria - 0.1%
Andritz AG	28,200		1,529,329
Bailiwick of Jersey - 0.7%
MySale Group PLC	608,400		2,136,496
Shire PLC	70,341		5,789,653
Wolseley PLC	60,267		3,150,142
TOTAL BAILIWICK OF JERSEY			11,076,291
Belgium - 0.8%
Anheuser-Busch InBev SA NV	69,011		7,448,548
Arseus NV	14,800		798,168
KBC Groupe SA (a)	87,287		4,753,577
TOTAL BELGIUM			13,000,293
Bermuda - 0.3%
BW Offshore Ltd.	560,800		744,896
Noble Group Ltd.	1,453,000		1,644,845
PAX Global Technology Ltd. (a)	4,338,000		3,325,266
TOTAL BERMUDA			5,715,007
Canada - 1.8%
Alimentation Couche-Tard, Inc. Class B (sub. vtg.)	86,100		2,356,330
Constellation Software, Inc.	16,700		3,966,891
First Quantum Minerals Ltd.	236,200		5,601,992
Imperial Oil Ltd.	77,900		3,997,345
Potash Corp. of Saskatchewan, Inc.	52,600		1,867,424
PrairieSky Royalty Ltd.	91,600		3,309,983
Suncor Energy, Inc.	141,700		5,818,232
TransForce, Inc.	90,200		2,280,748
TOTAL CANADA			29,198,945
Cayman Islands - 0.4%
Cimc Enric Holdings Ltd.	384,000		457,227
ENN Energy Holdings Ltd.	198,000		1,400,494
Greatview Aseptic Pack Co. Ltd.	1,799,000		1,400,402
Sands China Ltd.	277,200		2,035,117
WuXi PharmaTech Cayman, Inc. sponsored ADR (a)	53,700		1,654,497
TOTAL CAYMAN ISLANDS			6,947,737
Curacao - 0.2%
Schlumberger Ltd.	37,000		4,010,430

	Shares		Value
Cyprus - 0.0%
SPDI Secure Property Development & Investment PLC (a)	31,822		$ 33,310
Denmark - 1.2%
ISS Holdings A/S (a)	45,600		1,465,896
Novo Nordisk A/S Series B	231,680		10,664,737
Pandora A/S	34,300		2,355,576
Vestas Wind Systems A/S (a)	116,400		5,265,824
TOTAL DENMARK			19,752,033
Finland - 0.3%
Sampo Oyj (A Shares)	103,100		5,135,685
France - 3.0%
Atos Origin SA	33,157		2,591,119
AXA SA	100,800		2,320,242
BNP Paribas SA	60,730		4,025,365
Bureau Veritas SA	86,700		2,234,841
GDF Suez	82,700		2,131,734
Havas SA	390,700		3,060,526
Iliad SA	7,235		1,995,734
Numericable Group SA (a)(d)	77,500		4,285,964
Rexel SA	216,100		4,191,506
Schneider Electric SA	81,500		6,899,361
SR Teleperformance SA	24,500		1,704,637
Total SA	219,800		14,175,940
TOTAL FRANCE			49,616,969
Germany - 3.5%
Aareal Bank AG	63,891		2,724,871
BASF AG	75,075		7,805,085
Bayer AG	87,500		11,590,147
Brenntag AG	28,600		4,605,194
Continental AG	19,500		4,219,614
Drillisch AG	127,100		4,790,940
GEA Group AG	88,491		3,986,726
HeidelbergCement Finance AG	31,000		2,309,232
KION Group AG	95,589		3,731,155
LEG Immobilien AG	19,100		1,339,663
Siemens AG	70,861		8,751,065
Symrise AG	32,500		1,706,385
TOTAL GERMANY			57,560,077
Greece - 0.1%
Folli Follie SA (a)	59,300		2,485,397
Hong Kong - 0.8%
AIA Group Ltd.	1,294,600		6,935,691
Techtronic Industries Co. Ltd.	2,248,000		6,737,892
TOTAL HONG KONG			13,673,583
India - 1.1%
Bharti Infratel Ltd. (a)	343,664		1,451,501
Container Corp. of India Ltd.	33,567		759,175
Housing Development Finance Corp. Ltd.	472,533		8,275,499
Lupin Ltd.	129,448		2,736,179
Common Stocks - continued
	Shares		Value
India - continued
The Jammu & Kashmir Bank Ltd.	46,023		$ 1,211,199
Titan Co. Ltd.	144,739		833,455
United Spirits Ltd.	7,362		285,854
Yes Bank Ltd.	202,552		1,785,694
TOTAL INDIA			17,338,556
Indonesia - 0.2%
PT Bank Central Asia Tbk (g)	1,521,300		1,522,435
PT Bank Rakyat Indonesia Tbk (g)	1,639,100		1,572,178
TOTAL INDONESIA			3,094,613
Ireland - 2.9%
Actavis PLC (a)	77,800		16,669,428
Alkermes PLC (a)	98,421		4,208,482
Bank of Ireland (a)	3,692,100		1,292,575
Covidien PLC	39,000		3,373,890
Glanbia PLC	135,500		2,090,204
Greencore Group PLC	2,008,941		8,964,250
James Hardie Industries PLC CDI	351,670		4,367,270
Kerry Group PLC Class A	66,400		4,934,667
Seagate Technology LLC	39,000		2,285,400
United Drug PLC (United Kingdom)	23,900		143,405
TOTAL IRELAND			48,329,571
Israel - 0.1%
Teva Pharmaceutical Industries Ltd. sponsored ADR	45,000		2,407,500
Italy - 0.5%
De Longhi SpA	149,600		3,185,118
Telecom Italia SpA (a)	2,893,000		3,333,582
World Duty Free SpA (a)	159,397		1,820,648
TOTAL ITALY			8,339,348
Japan - 7.8%
ABC-MART, Inc.	21,800		1,177,287
ACOM Co. Ltd. (a)	450,600		1,774,236
Aozora Bank Ltd.	983,000		3,340,319
Astellas Pharma, Inc.	640,900		8,690,992
Coca-Cola Central Japan Co. Ltd.	98,800		2,640,720
Daikin Industries Ltd.	64,800		4,450,400
Don Quijote Holdings Co. Ltd.	83,900		4,533,445
Harmonic Drive Systems, Inc.	54,100		2,072,171
Hitachi Ltd.	409,000		3,170,078
Hoya Corp.	126,800		4,105,602
Japan Exchange Group, Inc.	159,500		3,628,860
Japan Tobacco, Inc.	229,600		8,074,468
KDDI Corp.	100,800		5,794,279
Keyence Corp.	17,760		7,737,053
NEC Corp.	1,585,000		6,119,465
Olympus Corp. (a)	95,600		3,440,051
OMRON Corp.	123,800		5,490,870
ORIX Corp.	534,200		8,633,357
Park24 Co. Ltd.	83,900		1,539,179

	Shares		Value
Rakuten, Inc.	346,400		$ 4,549,263
Sanix, Inc. (a)	82,000		969,122
Santen Pharmaceutical Co. Ltd.	71,900		4,238,562
Seven & i Holdings Co., Ltd.	164,900		6,862,414
Seven Bank Ltd.	1,073,500		4,307,991
Ship Healthcare Holdings, Inc.	67,000		2,188,958
SoftBank Corp.	124,900		8,978,844
Sundrug Co. Ltd.	45,400		2,038,257
Takata Corp.	76,000		1,511,903
Toshiba Plant Systems & Services Corp.	155,300		2,462,965
Tsuruha Holdings, Inc.	47,500		2,726,718
VT Holdings Co. Ltd.	227,000		1,217,182
TOTAL JAPAN			128,465,011
Kenya - 0.2%
Safaricom Ltd.	18,905,500		2,626,960
Korea (South) - 0.4%
Hyundai Motor Co.	12,766		3,021,643
Naturalendo Tech Co. Ltd.	6,642		514,907
NAVER Corp.	3,720		2,655,866
TOTAL KOREA (SOUTH)			6,192,416
Luxembourg - 0.3%
Altice S.A.	72,400		4,154,673
Netherlands - 1.2%
AEGON NV	292,700		2,373,700
AerCap Holdings NV (a)	196,200		8,560,206
IMCD Group BV	92,871		2,860,255
LyondellBasell Industries NV Class A	22,000		2,337,500
Royal DSM NV	48,000		3,321,701
TOTAL NETHERLANDS			19,453,362
New Zealand - 0.3%
EBOS Group Ltd.	295,468		2,540,121
Ryman Healthcare Group Ltd.	459,616		3,162,595
TOTAL NEW ZEALAND			5,702,716
Philippines - 0.3%
Alliance Global Group, Inc.	4,919,115		2,945,437
SM Investments Corp.	106,630		1,935,434
TOTAL PHILIPPINES			4,880,871
Portugal - 0.1%
CTT Correios de Portugal SA	37,774		402,121
Espirito Santo Saude SGPS SA	163,137		822,459
TOTAL PORTUGAL			1,224,580
Singapore - 0.1%
Ezion Holdings Ltd.	792,000		1,356,345
South Africa - 0.2%
Distell Group Ltd.	126,410		1,601,256
Naspers Ltd. Class N	19,700		2,444,689
TOTAL SOUTH AFRICA			4,045,945
Common Stocks - continued
	Shares		Value
Spain - 1.4%
Amadeus IT Holding SA Class A	148,100		$ 5,850,243
Atresmedia Corporacion de Medios de Comunicacion SA (d)	93,500		1,375,961
Banco Bilbao Vizcaya Argentaria SA	315,731		3,881,188
Criteria CaixaCorp SA	501,582		3,021,724
Grifols SA ADR	112,842		4,137,916
Inditex SA	138,615		4,056,559
TOTAL SPAIN			22,323,591
Sweden - 1.8%
ASSA ABLOY AB (B Shares)	147,200		7,255,226
Eniro AB (a)(d)	155,494		499,965
H&M Hennes & Mauritz AB (B Shares)	66,882		2,742,878
HEXPOL AB (B Shares)	21,800		1,834,522
Intrum Justitia AB	115,000		3,525,920
Nordea Bank AB	570,000		7,668,087
Svenska Cellulosa AB (SCA) (B Shares)	61,300		1,515,127
Svenska Handelsbanken AB (A Shares)	87,700		4,242,482
TOTAL SWEDEN			29,284,207
Switzerland - 3.4%
Clariant AG (Reg.)	151,250		2,826,107
Compagnie Financiere Richemont SA Series A	33,134		3,159,352
Lonza Group AG	47,211		5,247,110
Partners Group Holding AG	13,818		3,469,896
Roche Holding AG (participation certificate)	71,300		20,691,670
Schindler Holding AG (participation certificate)	11,367		1,702,392
Sonova Holding AG Class B	2,149		334,617
TE Connectivity Ltd.	213,000		13,182,570
UBS AG	357,757		6,146,816
TOTAL SWITZERLAND			56,760,530
Taiwan - 0.5%
ECLAT Textile Co. Ltd.	149,940		1,658,929
MediaTek, Inc.	278,000		4,291,993
Merida Industry Co. Ltd.	295,000		2,298,035
TOTAL TAIWAN			8,248,957
Turkey - 0.0%
Logo Yazilim Sanayi Ve Ticar (a)	10,330		100,996
United Kingdom - 7.1%
Aberdeen Asset Management PLC	355,842		2,485,978
Al Noor Hospitals Group PLC	169,000		2,901,732
Anglo American PLC (United Kingdom)	83,500		2,242,475
Associated British Foods PLC	48,600		2,279,387
B&M European Value Retail S.A.	406,743		1,864,402
BG Group PLC	422,900		8,339,275
BHP Billiton PLC	148,438		5,063,521
British American Tobacco PLC (United Kingdom)	145,000		8,494,451
Bunzl PLC	72,900		1,958,156

	Shares		Value
Diageo PLC	255,245		$ 7,665,604
Exova Group Ltd. PLC (a)	565,900		2,206,995
Galiform PLC	347,202		1,987,740
Hikma Pharmaceuticals PLC	232,348		7,056,994
Hilton Food Group PLC	350,100		2,803,168
ITV PLC	907,700		3,198,265
Jazztel PLC (a)	284,917		3,841,887
Liberty Global PLC:
Class A (a)	41,200		1,713,920
Class C	41,200		1,647,588
Lloyds Banking Group PLC (a)	2,382,400		2,970,083
London Stock Exchange Group PLC	162,000		5,300,519
Meggitt PLC	237,998		2,043,214
Melrose PLC	578,999		2,572,843
Next PLC	57,000		6,514,981
Persimmon PLC	92,000		1,946,205
Poundland Group PLC (a)	248,394		1,354,125
Reckitt Benckiser Group PLC	48,500		4,294,740
Rex Bionics PLC (a)	100,000		303,050
Rolls-Royce Group PLC	261,600		4,593,257
Rotork PLC	44,510		2,080,799
SABMiller PLC	71,500		3,908,702
St. James's Place Capital PLC	348,700		4,276,980
Sthree PLC	344,400		2,093,222
Taylor Wimpey PLC	761,900		1,431,669
The Restaurant Group PLC	123,700		1,286,471
Ultra Electronics Holdings PLC	36,900		1,105,171
Vodafone Group PLC	35,309		117,582
Zoopla Property Group PLC	83,700		356,103
TOTAL UNITED KINGDOM			116,301,254
United States of America - 51.8%
Adobe Systems, Inc. (a)	633,200		43,760,452
American Airlines Group, Inc.	613,000		23,815,050
American Express Co.	49,000		4,312,000
Ameriprise Financial, Inc.	381,400		45,615,440
Applied Materials, Inc.	389,000		8,153,440
AutoZone, Inc. (a)	15,500		8,013,965
Biogen Idec, Inc. (a)	36,000		12,038,040
Bluebird Bio, Inc. (a)	3,100		103,540
Boston Properties, Inc.	5,000		597,250
Boston Scientific Corp. (a)	113,200		1,446,696
Cabot Oil & Gas Corp.	1,085,000		35,750,750
Caterpillar, Inc.	27,000		2,720,250
CBRE Group, Inc. (a)	195,000		6,013,800
Celanese Corp. Class A	83,000		4,831,430
Chevron Corp.	36,200		4,678,488
Chipotle Mexican Grill, Inc. (a)	5,000		3,362,500
Church & Dwight Co., Inc.	21,000		1,347,780
Cimarex Energy Co.	14,000		1,946,280
Comcast Corp. Class A	407,000		21,868,110
Computer Sciences Corp.	20,000		1,247,800
Continental Resources, Inc. (a)	25,000		3,669,500
Cummins, Inc.	289,700		40,381,283
Common Stocks - continued
	Shares		Value
United States of America - continued
CVS Caremark Corp.	308,000		$ 23,518,880
Devon Energy Corp.	134,000		10,117,000
Diamondback Energy, Inc. (a)	5,000		411,150
Dynegy, Inc. (a)	241,500		6,411,825
EOG Resources, Inc.	88,000		9,630,720
Estee Lauder Companies, Inc. Class A	85,000		6,244,100
Facebook, Inc. Class A (a)	315,500		22,921,075
Fidelity National Information Services, Inc.	263,000		14,833,200
Freeport-McMoRan Copper & Gold, Inc.	92,000		3,424,240
Google, Inc.:
Class A (a)	82,800		47,986,740
Class C (a)	5,600		3,200,960
Halliburton Co.	395,000		27,251,050
Illumina, Inc. (a)	21,500		3,438,065
inContact, Inc. (a)	167,000		1,334,330
Interactive Intelligence Group, Inc. (a)	10,000		453,700
Intercept Pharmaceuticals, Inc. (a)	40,500		9,410,580
InterMune, Inc. (a)	50,000		2,193,500
Isis Pharmaceuticals, Inc. (a)	10,900		337,791
JetBlue Airways Corp. (a)	168,000		1,800,960
Johnson & Johnson	141,000		14,112,690
Las Vegas Sands Corp.	58,900		4,349,765
Marriott International, Inc. Class A	273,000		17,665,830
MasterCard, Inc. Class A	54,000		4,004,100
McGraw Hill Financial, Inc.	661,800		53,089,592
Memorial Resource Development Corp.	28,700		659,526
Micron Technology, Inc. (a)	360,000		10,998,000
Microsoft Corp.	669,000		28,874,040
Moody's Corp.	104,000		9,048,000
MPLX LP	69,000		3,915,750
Neurocrine Biosciences, Inc. (a)	41,600		564,928
Newfield Exploration Co. (a)	317,000		12,775,100
NextEra Energy Partners LP	94,000		3,199,760
Noble Energy, Inc.	156,000		10,372,440
Norfolk Southern Corp.	229,900		23,371,634
Oracle Corp.	192,000		7,754,880
Phillips 66 Partners LP	62,000		3,964,900
Piedmont Office Realty Trust, Inc. Class A	69,000		1,342,050
Pioneer Natural Resources Co.	45,900		10,165,014
Prestige Brands Holdings, Inc. (a)	219,000		6,745,200
priceline.com, Inc. (a)	1,700		2,112,165
QUALCOMM, Inc.	34,300		2,527,910
Ralph Lauren Corp.	15,000		2,337,900
Range Resources Corp.	332,000		25,095,880
salesforce.com, Inc. (a)	147,300		7,991,025
Sempra Energy	61,000		6,082,310
SL Green Realty Corp.	7,000		754,600
Spectra Energy Corp.	64,000		2,618,880
Spirit Airlines, Inc. (a)	88,500		5,789,670

	Shares		Value
Stericycle, Inc. (a)	10,000		$ 1,176,500
SVB Financial Group (a)	16,000		1,744,320
T. Rowe Price Group, Inc.	20,000		1,553,200
Targa Resources Corp.	21,000		2,677,500
The Cooper Companies, Inc.	58,800		9,459,744
The Walt Disney Co.	80,000		6,870,400
Thermo Fisher Scientific, Inc.	111,000		13,486,500
TJX Companies, Inc.	34,900		1,859,821
Twitter, Inc.	84,000		3,795,960
Ultragenyx Pharmaceutical, Inc.	2,700		117,990
Union Pacific Corp.	216,800		21,313,608
Visa, Inc. Class A	18,200		3,840,382
Wells Fargo & Co.	273,000		13,895,700
Western Digital Corp.	26,000		2,595,580
Workday, Inc. Class A (a)	2,100		176,064
Wyndham Worldwide Corp.	14,000		1,057,700
Zebra Technologies Corp. Class A (a)	190,000		15,213,300
TOTAL UNITED STATES OF AMERICA			853,711,518
TOTAL COMMON STOCKS (Cost $1,372,085,299)		1,595,281,992
Nonconvertible Preferred Stocks - 0.4%

Germany - 0.4%
Volkswagen AG (Cost $5,175,561)	29,300		6,848,324

Government Obligations - 0.1%
		Principal Amount
United States of America - 0.1%
U.S. Treasury Bills, yield at date of purchase 0.03% 8/21/14 to 10/30/14 (h) (Cost $899,975)		$ 900,000	899,984
Preferred Securities - 0.1%

Ireland - 0.1%
Baggot Securities Ltd. 10.24% (e)(f) (Cost $1,935,052)	EUR	1,260,000	1,901,555

Money Market Funds - 3.6%
	Shares		Value
Fidelity Cash Central Fund, 0.11% (b)	55,185,461		$ 55,185,461
Fidelity Securities Lending Cash Central Fund, 0.11% (b)(c)	3,959,565		3,959,565
TOTAL MONEY MARKET FUNDS (Cost $59,145,026)		59,145,026
TOTAL INVESTMENT PORTFOLIO - 101.0% (Cost $1,439,240,913)			1,664,076,881
NET OTHER ASSETS (LIABILITIES) - (1.0)%			(16,903,868)
NET ASSETS - 100%		$ 1,647,173,013

Futures Contracts
	Expiration Date	Underlying Face Amount at Value	Unrealized Appreciation/(Depreciation)
Purchased
Equity Index Contracts
242 CME Nikkei 225 Index Contracts	Sept. 2014	$ 18,767,100	$ 353,682

The face value of futures purchased as a percentage of net assets is 1.1%

Currency Abbreviations
EUR	-	European Monetary Unit

Legend

(a) Non-income producing

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

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

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

(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 $899,984.

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	$ 41,688
Fidelity Securities Lending Cash Central Fund	222,213
Total	$ 263,901

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	$ 172,529,725	$ 141,275,262	$ 31,254,463	$ -
Consumer Staples	114,580,587	65,858,591	48,721,996	-
Energy	211,957,041	183,580,814	28,376,227	-
Financials	260,215,275	188,764,331	71,450,944	-
Health Care	208,370,129	140,807,375	67,562,754	-
Industrials	231,628,133	201,513,836	30,114,297	-
Information Technology	295,558,123	258,661,930	36,896,193	-
Materials	53,799,541	40,725,873	13,073,668	-
Telecommunication Services	34,265,639	14,589,851	19,675,788	-
Utilities	19,226,123	17,825,629	1,400,494	-
Government Obligations	899,984	-	899,984	-
Preferred Securities	1,901,555	-	1,901,555	-
Money Market Funds	59,145,026	59,145,026	-	-
Total Investments in Securities:	$ 1,664,076,881	$ 1,312,748,518	$ 351,328,363	$ -
Derivative Instruments:
Assets
Futures Contracts	$ 353,682	$ 353,682	$ -	$ -

Transfers	Total
Level 1 to Level 2	$ 74,968,069
Level 2 to Level 1	$ -

Income Tax Information

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. 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

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

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:	September 29, 2014

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:	September 29, 2014
By:	/s/Howard J. Galligan III
	Howard J. Galligan III
	Chief Financial Officer

Date:	September 29, 2014