0001379491-18-003984.txt : 20180810 0001379491-18-003984.hdr.sgml : 20180810 20180810100612 ACCESSION NUMBER: 0001379491-18-003984 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180810 DATE AS OF CHANGE: 20180810 EFFECTIVENESS DATE: 20180810 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY INVESTMENT TRUST CENTRAL INDEX KEY: 0000744822 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-90649 FILM NUMBER: 181007392 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY OVERSEAS FUND DATE OF NAME CHANGE: 19861228 0000744822 S000007093 Fidelity International Discovery Fund C000019408 Fidelity Advisor International Discovery Fund: Class A FAIDX C000019410 Fidelity Advisor International Discovery Fund: Class C FCADX C000019411 Fidelity Advisor International Discovery Fund: Class M FTADX C000019412 Fidelity Advisor International Discovery Fund: Class I FIADX C000130141 Fidelity Advisor International Discovery Fund: Class Z FZAIX 0000744822 S000007094 Fidelity Europe Fund C000019413 Fidelity Europe Fund FIEUX C000136832 Fidelity Advisor Europe Fund: Class A FHJUX C000136834 Fidelity Advisor Europe Fund: Class C FHJTX C000136835 Fidelity Advisor Europe Fund: Class M FHJVX C000136836 Fidelity Advisor Europe Fund: Class I FHJMX 0000744822 S000007096 Fidelity Japan Fund C000019415 Fidelity Japan Fund FJPNX C000093326 Fidelity Advisor Japan Fund: Class A FPJAX C000093328 Fidelity Advisor Japan Fund: Class C FJPCX C000093329 Fidelity Advisor Japan Fund: Class M FJPTX C000093330 Fidelity Advisor Japan Fund: Class I FJPIX 0000744822 S000007097 Fidelity Japan Smaller Companies Fund C000019416 Fidelity Japan Smaller Companies Fund FJSCX 0000744822 S000007098 Fidelity Latin America Fund C000092709 Fidelity Advisor Latin America Fund: Class A FLFAX C000092711 Fidelity Advisor Latin America Fund: Class C FLFCX C000092712 Fidelity Advisor Latin America Fund: Class M FLFTX C000092713 Fidelity Advisor Latin America Fund: Class I FLFIX 0000744822 S000007099 Fidelity Nordic Fund C000019418 Fidelity Nordic Fund FNORX 0000744822 S000007101 Fidelity Pacific Basin Fund C000019420 Fidelity Pacific Basin Fund FPBFX 0000744822 S000007103 Fidelity Worldwide Fund C000074282 Fidelity Advisor Worldwide Fund: Class A FWAFX C000074284 Fidelity Advisor Worldwide Fund: Class C FWCFX C000074285 Fidelity Advisor Worldwide Fund: Class M FWTFX C000074286 Fidelity Advisor Worldwide Fund: Class I FWIFX 0000744822 S000007104 Fidelity International Small Cap Fund C000019424 Fidelity Advisor International Small Cap Fund: Class A FIASX C000019426 Fidelity Advisor International Small Cap Fund: Class C FICSX C000019427 Fidelity Advisor International Small Cap Fund: Class M FTISX C000019428 Fidelity Advisor International Small Cap Fund: Class I FIXIX 0000744822 S000007105 Fidelity International Small Cap Opportunities Fund C000019430 Fidelity Advisor International Small Cap Opportunities Fund: Class A FOPAX C000019432 Fidelity Advisor International Small Cap Opportunities Fund: Class C FOPCX C000019433 Fidelity Advisor International Small Cap Opportunities Fund: Class M FOPTX C000019434 Fidelity Advisor International Small Cap Opportunities Fund: Class I FOPIX 0000744822 S000007107 Fidelity Canada Fund C000019436 Fidelity Canada Fund FICDX C000047986 Fidelity Advisor Canada Fund: Class A FACNX C000047988 Fidelity Advisor Canada Fund: Class C FCCNX C000047989 Fidelity Advisor Canada Fund: Class M FTCNX C000047990 Fidelity Advisor Canada Fund: Class I FICCX 0000744822 S000007108 Fidelity China Region Fund C000019437 Fidelity China Region Fund FHKCX C000064261 Fidelity Advisor China Region Fund: Class A FHKAX C000064263 Fidelity Advisor China Region Fund: Class C FCHKX C000064264 Fidelity Advisor China Region Fund: Class M FHKTX C000064265 Fidelity Advisor China Region Fund: Class I FHKIX 0000744822 S000012165 Fidelity International Value Fund C000033180 Fidelity Advisor International Value Fund: Class A FIVMX C000033182 Fidelity Advisor International Value Fund: Class C FIVOX C000033183 Fidelity Advisor International Value Fund: Class M FIVPX C000033184 Fidelity Advisor International Value Fund: Class I FIVQX 0000744822 S000019397 Fidelity International Growth Fund C000053903 Fidelity Advisor International Growth Fund: Class A FIAGX C000053905 Fidelity Advisor International Growth Fund: Class C FIGCX C000053906 Fidelity Advisor International Growth Fund: Class M FITGX C000053907 Fidelity Advisor International Growth Fund: Class I FIIIX C000130142 Fidelity Advisor International Growth Fund: Class Z FZAJX 0000744822 S000019398 Fidelity Total International Equity Fund C000053908 Fidelity Advisor Total International Equity Fund: Class C FTCEX C000053909 Fidelity Advisor Total International Equity Fund: Class M FTTEX C000053910 Fidelity Advisor Total International Equity Fund: Class I FTEIX C000053912 Fidelity Advisor Total International Equity Fund: Class A FTAEX C000177513 Fidelity Advisor Total International Equity Fund: Class Z FIEZX 0000744822 S000022100 Fidelity Emerging Europe, Middle East, Africa (EMEA) Fund C000063413 Fidelity Advisor Emerging Europe, Middle East, Africa (EMEA) Fund: Class A FMEAX C000063415 Fidelity Advisor Emerging Europe, Middle East, Africa (EMEA) Fund: Class C FEMCX C000063416 Fidelity Advisor Emerging Europe, Middle East, Africa (EMEA) Fund: Class M FEMTX C000063417 Fidelity Advisor Emerging Europe, Middle East, Africa (EMEA) Fund: Class I FIEMX 0000744822 S000034264 Fidelity Emerging Markets Discovery Fund C000105578 Fidelity Advisor Emerging Markets Discovery Fund: Class A FEDAX C000105579 Fidelity Advisor Emerging Markets Discovery Fund: Class C FEDGX C000105580 Fidelity Advisor Emerging Markets Discovery Fund: Class M FEDTX C000105581 Fidelity Advisor Emerging Markets Discovery Fund: Class I FEDIX 0000744822 S000034265 Fidelity Total Emerging Markets Fund C000105582 Fidelity Advisor Total Emerging Markets Fund: Class I FTEJX C000105584 Fidelity Advisor Total Emerging Markets Fund: Class A FTEDX C000105585 Fidelity Advisor Total Emerging Markets Fund: Class C FTEFX C000105586 Fidelity Advisor Total Emerging Markets Fund: Class M FTEHX 0000744822 S000058342 Fidelity Series Canada Fund C000191329 Fidelity Series Canada Fund FCNSX 497 1 filing918.htm PRIMARY DOCUMENT

Supplement to the
Fidelity® Canada Fund, Fidelity® China Region Fund, Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund, Fidelity® Emerging Markets Discovery Fund, Fidelity® Europe Fund, Fidelity® International Discovery Fund, Fidelity® International Growth Fund, Fidelity® International Small Cap Fund, Fidelity® International Small Cap Opportunities Fund, Fidelity® International Value Fund, Fidelity® Japan Fund, Fidelity® Latin America Fund, Fidelity® Total Emerging Markets Fund, Fidelity® Total International Equity Fund and Fidelity® Worldwide Fund
Class A, Class M, Class C, Class I and Class Z
December 30, 2017
STATEMENT OF ADDITIONAL INFORMATION

Ryan Oldham serves as portfolio manager of Fidelity® Canada Fund. Risteard Hogan no longer serves as portfolio manager of Fidelity® Canada Fund.

Andrew Sergeant serves as co-manager of Fidelity® Europe Fund.

Effective June 8, 2018, Stephen Lieu and Ivan Xie have been named co-lead portfolio managers for Fidelity® China Region Fund with Bobby Bao serving as co-manager of the fund. It is expected that Mr. Bao will leave the firm effective as of the close of business on June 30, 2018. At that time, Mr. Lieu and Mr. Xie will remain as co-managers of Fidelity® China Region Fund.

The following information supplements information for Fidelity® China Region Fund found in the “Management Contracts” section.

Stephen Lieu and Ivan Xie are research analysts and are co-managers of Fidelity® China Region Fund and each receives compensation for his services as a research analyst and as a portfolio manager under a single compensation plan. As of April 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of each portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

Each portfolio manager’s base salary is determined primarily by level of experience and skills, and performance as a research analyst and fund manager at FMR or its affiliates. A portion of each portfolio manager's bonus relates to his performance as a research analyst and is based on the Director of Research's assessment of the research analyst's performance and may include factors such as portfolio manager survey-based assessments, which relate to analytical work and investment results within the relevant sector(s) and impact on other equity funds and accounts as a research analyst, and the research analyst's contributions to the research groups and to FMR. Another component of the bonus is based upon (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized industry benchmark index developed by FMR) and within a defined peer group assigned to each fund or account, (ii) the pre-tax investment performance of the research analyst's recommendations measured against a benchmark index corresponding to the research analyst's assignment universe and against a broadly diversified equity index, and (iii) the investment performance of other FMR equity funds and accounts. The pre-tax investment performance of each portfolio manager's fund(s) and account(s) is weighted according to the portfolio manager's tenure on those fund(s) and account(s). The component of the bonus relating to the Director of Research's assessment is calculated over a one-year period, and each other component of the bonus is calculated over a measurement period that initially is contemporaneous with the portfolio manager's tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. The portion of each portfolio manager's bonus that is linked to the investment performance of Fidelity® China Region Fund is based on the fund’s pre-tax investment performance measured against the MSCI Golden Dragon Index. Each portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

A portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, a portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. A portfolio manager’s base pay and bonus opportunity tend to increase with the portfolio manager’s level of experience and skills relative to research and fund assignments. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as a portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, the fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR. A portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by the fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics. Furthermore, the potential exists that the portfolio manager’s responsibilities as a portfolio manager of a fund may not be entirely consistent with his responsibilities as a research analyst providing recommendations to other Fidelity portfolio managers.

The following table provides information relating to other accounts managed by Mr. Lieu as of April 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 1 none none 
Number of Accounts Managed with Performance-Based Advisory Fees none none none 
Assets Managed (in millions) $1,491 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) none none none 

* Includes Fidelity® China Region Fund ($1,491 (in millions) assets managed).

As of April 30, 2018, the dollar range of shares of Fidelity® China Region Fund beneficially owned by Mr. Lieu was none.

The following table provides information relating to other accounts managed by Mr. Xie as of April 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 1 none none 
Number of Accounts Managed with Performance-Based Advisory Fees none none none 
Assets Managed (in millions) $1,491 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) none none none 

* Includes Fidelity® China Region Fund ($1,491 (in millions) assets managed).

As of April 30, 2018, the dollar range of shares of Fidelity® China Region Fund beneficially owned by Mr. Xie was none.

The following information supplements information for Fidelity® Canada Fund and Fidelity® Europe Fund found in the “Management Contracts” section.

Andrew Sergeant is co-manager of Fidelity® Europe Fund and receives compensation for his services. As of June 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager’s compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager’s base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager’s bonus are based on the pre-tax investment performance of the portfolio manager’s fund(s) and account(s) measured against a benchmark index and within a defined peer group assigned to each fund or account, if applicable. The pre-tax investment performance of the portfolio manager’s fund(s) and account(s) is weighted according to the portfolio manager’s tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over the portfolio manager’s tenure. Each component is calculated separately over the portfolio manager’s tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with the portfolio manager’s tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. A smaller, subjective component of the portfolio manager’s bonus is based on the portfolio manager’s overall contribution to management of FMR. The portion of the portfolio manager’s bonus that is linked to the investment performance of Fidelity® Europe Fund is based on the fund’s pre-tax investment performance measured against the MSCI Europe Index (net MA tax), and the fund’s pre-tax investment performance (based on the performance of the fund’s retail class) within the Morningstar® Europe Stock Category. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR’s parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager’s base pay tends to increase with additional and more complex responsibilities that include increased assets under management and a portion of the bonus relates to marketing efforts, which together indirectly link compensation to sales. When a portfolio manager takes over a fund or an account, the time period over which performance is measured may be adjusted to provide a transition period in which to assess the portfolio. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, a fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR or an affiliate. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by a fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Portfolio managers may be permitted to invest in the funds they manage, even if a fund is closed to new investors. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics.

The following table provides information relating to other accounts managed by Mr. Sergeant as of June 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 4 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 2 none none 
Assets Managed (in millions) $1,675 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $1,193 none none 

* Includes Fidelity® Europe Fund ($1,130 (in millions) assets managed with performance-based advisory fees).

As of June 30, 2018, the dollar range of shares of Fidelity® Europe Fund beneficially owned by Mr. Sergeant was none.

Ryan Oldham is a research analyst and is portfolio manager of Fidelity® Canada Fund. As of June 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager’s base salary is determined primarily by level of experience and skills, and performance as a research analyst and fund manager at FMR or its affiliates. A portion of the portfolio manager's bonus relates to his performance as a research analyst and is based on the Director of Research's assessment of the research analyst's performance and may include factors such as portfolio manager survey-based assessments, which relate to analytical work and investment results within the relevant sector(s) and impact on other equity funds and accounts as a research analyst, and the research analyst's contributions to the research groups and to FMR. Another component of the bonus is based upon (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized industry benchmark index developed by FMR) and within a defined peer group assigned to each fund or account, (ii) the pre-tax investment performance of the research analyst's recommendations measured against a benchmark index corresponding to the research analyst's assignment universe and against a broadly diversified equity index, and (iii) the investment performance of other FMR equity funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to the portfolio manager's tenure on those fund(s) and account(s). The component of the bonus relating to the Director of Research's assessment is calculated over a one-year period, and each other component of the bonus is calculated over a measurement period that initially is contemporaneous with the portfolio manager's tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. The portion of Mr. Oldham’s bonus that is linked to the investment performance of Fidelity® Canada Fund is based on the fund’s pre-tax investment performance measured against the S&P/TSX Composite Index, and the fund’s pre-tax investment performance (based on the performance of the fund’s retail class) within the Morningstar® Canadian Equity Category. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager’s base pay and bonus opportunity tend to increase with the portfolio manager’s level of experience and skills relative to research and fund assignments. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, the fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by the fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics. Furthermore, the potential exists that the portfolio manager’s responsibilities as a portfolio manager of a fund may not be entirely consistent with his responsibilities as a research analyst providing recommendations to other Fidelity portfolio managers.

The following table provides information relating to other accounts managed by Mr. Oldham as of June 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 2 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 1 none none 
Assets Managed (in millions) $2,599 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $1,093 none none 

* Includes Fidelity® Canada Fund ($1,093 (in millions) assets managed with performance-based advisory fees).

As of June 30, 2018, the dollar range of shares of Fidelity® Canada Fund beneficially owned by Mr. Oldham was $100,001 - $500,000.


ACOM10AB-18-02
1.893757.126
August 10, 2018

Supplement to the
Fidelity® Canada Fund, Fidelity® China Region Fund, Fidelity® Europe Fund, Fidelity® Japan Fund, Fidelity® Japan Smaller Companies Fund, Fidelity® Nordic Fund and Fidelity® Pacific Basin Fund
December 30, 2017
STATEMENT OF ADDITIONAL INFORMATION

Ryan Oldham serves as portfolio manager of Fidelity® Canada Fund. Risteard Hogan no longer serves as portfolio manager of Fidelity® Canada Fund.

Andrew Sergeant serves as co-manager of Fidelity® Europe Fund and Fidelity® Nordic Fund.

Effective June 8, 2018, Stephen Lieu and Ivan Xie have been named co-lead portfolio managers for Fidelity® China Region Fund with Bobby Bao serving as co-manager of the fund. It is expected that Mr. Bao will leave the firm effective as of the close of business on June 30, 2018. At that time, Mr. Lieu and Mr. Xie will remain as co-managers of Fidelity® China Region Fund.

The following information supplements information for Fidelity® Canada Fund, Fidelity® Europe Fund, and Fidelity® Nordic Fund found in the “Management Contracts” section.

Andrew Sergeant is co-manager of Fidelity® Europe Fund and Fidelity® Nordic Fund and receives compensation for his services. As of June 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager’s compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager’s base salary is determined by level of responsibility and tenure at FMR or its affiliates. The primary components of the portfolio manager’s bonus are based on the pre-tax investment performance of the portfolio manager’s fund(s) and account(s) measured against a benchmark index and within a defined peer group assigned to each fund or account, if applicable. The pre-tax investment performance of the portfolio manager’s fund(s) and account(s) is weighted according to the portfolio manager’s tenure on those fund(s) and account(s) and the average asset size of those fund(s) and account(s) over the portfolio manager’s tenure. Each component is calculated separately over the portfolio manager’s tenure on those fund(s) and account(s) over a measurement period that initially is contemporaneous with the portfolio manager’s tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. A smaller, subjective component of the portfolio manager’s bonus is based on the portfolio manager’s overall contribution to management of FMR. The portion of the portfolio manager’s bonus that is linked to the investment performance of Fidelity® Europe Fund is based on the fund’s pre-tax investment performance measured against the MSCI Europe Index (net MA tax), and the fund’s pre-tax investment performance (based on the performance of the fund’s retail class) within the Morningstar® Europe Stock Category. The portion of the portfolio manager’s bonus that is linked to the investment performance of Fidelity® Nordic Fund is based on the fund’s pre-tax investment performance measured against the FTSE® Capped Nordic Index. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR’s parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager’s base pay tends to increase with additional and more complex responsibilities that include increased assets under management and a portion of the bonus relates to marketing efforts, which together indirectly link compensation to sales. When a portfolio manager takes over a fund or an account, the time period over which performance is measured may be adjusted to provide a transition period in which to assess the portfolio. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, a fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR or an affiliate. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by a fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Portfolio managers may be permitted to invest in the funds they manage, even if a fund is closed to new investors. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics.

The following table provides information relating to other accounts managed by Mr. Sergeant as of June 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 4 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 2 none none 
Assets Managed (in millions) $1,675 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $1,193 none none 

* Includes Fidelity® Europe Fund ($1,130 (in millions) assets managed with performance-based advisory fees) and Fidelity® Nordic Fund ($314 (in millions) assets managed).

As of June 30, 2018, the dollar range of shares of Fidelity® Europe Fund beneficially owned by Mr. Sergeant was none. As of June 30, 2018, the dollar range of shares of Fidelity® Nordic Fund beneficially owned by Mr. Sergeant was none.

Ryan Oldham is a research analyst and is portfolio manager of Fidelity® Canada Fund. As of June 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager’s base salary is determined primarily by level of experience and skills, and performance as a research analyst and fund manager at FMR or its affiliates. A portion of the portfolio manager's bonus relates to his performance as a research analyst and is based on the Director of Research's assessment of the research analyst's performance and may include factors such as portfolio manager survey-based assessments, which relate to analytical work and investment results within the relevant sector(s) and impact on other equity funds and accounts as a research analyst, and the research analyst's contributions to the research groups and to FMR. Another component of the bonus is based upon (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized industry benchmark index developed by FMR) and within a defined peer group assigned to each fund or account, (ii) the pre-tax investment performance of the research analyst's recommendations measured against a benchmark index corresponding to the research analyst's assignment universe and against a broadly diversified equity index, and (iii) the investment performance of other FMR equity funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to the portfolio manager's tenure on those fund(s) and account(s). The component of the bonus relating to the Director of Research's assessment is calculated over a one-year period, and each other component of the bonus is calculated over a measurement period that initially is contemporaneous with the portfolio manager's tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. The portion of Mr. Oldham’s bonus that is linked to the investment performance of Fidelity® Canada Fund is based on the fund’s pre-tax investment performance measured against the S&P/TSX Composite Index, and the fund’s pre-tax investment performance (based on the performance of the fund’s retail class) within the Morningstar® Canadian Equity Category. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager’s base pay and bonus opportunity tend to increase with the portfolio manager’s level of experience and skills relative to research and fund assignments. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, the fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by the fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics. Furthermore, the potential exists that the portfolio manager’s responsibilities as a portfolio manager of a fund may not be entirely consistent with his responsibilities as a research analyst providing recommendations to other Fidelity portfolio managers.

The following table provides information relating to other accounts managed by Mr. Oldham as of June 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 2 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 1 none none 
Assets Managed (in millions) $2,599 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $1,093 none none 

* Includes Fidelity® Canada Fund ($1,093 (in millions) assets managed with performance-based advisory fees).

As of June 30, 2018, the dollar range of shares of Fidelity® Canada Fund beneficially owned by Mr. Oldham was $100,001 - $500,000.

The following information supplements information for Fidelity® China Region Fund found in the “Management Contracts” section.

Stephen Lieu and Ivan Xie are research analysts and are co-managers of Fidelity® China Region Fund and each receives compensation for his services as a research analyst and as a portfolio manager under a single compensation plan. As of April 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of each portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

Each portfolio manager’s base salary is determined primarily by level of experience and skills, and performance as a research analyst and fund manager at FMR or its affiliates. A portion of each portfolio manager's bonus relates to his performance as a research analyst and is based on the Director of Research's assessment of the research analyst's performance and may include factors such as portfolio manager survey-based assessments, which relate to analytical work and investment results within the relevant sector(s) and impact on other equity funds and accounts as a research analyst, and the research analyst's contributions to the research groups and to FMR. Another component of the bonus is based upon (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized industry benchmark index developed by FMR) and within a defined peer group assigned to each fund or account, (ii) the pre-tax investment performance of the research analyst's recommendations measured against a benchmark index corresponding to the research analyst's assignment universe and against a broadly diversified equity index, and (iii) the investment performance of other FMR equity funds and accounts. The pre-tax investment performance of each portfolio manager's fund(s) and account(s) is weighted according to the portfolio manager's tenure on those fund(s) and account(s). The component of the bonus relating to the Director of Research's assessment is calculated over a one-year period, and each other component of the bonus is calculated over a measurement period that initially is contemporaneous with the portfolio manager's tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. The portion of each portfolio manager's bonus that is linked to the investment performance of Fidelity® China Region Fund is based on the fund’s pre-tax investment performance measured against the MSCI Golden Dragon Index. Each portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

A portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, a portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. A portfolio manager’s base pay and bonus opportunity tend to increase with the portfolio manager’s level of experience and skills relative to research and fund assignments. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as a portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, the fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR. A portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by the fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics. Furthermore, the potential exists that the portfolio manager’s responsibilities as a portfolio manager of a fund may not be entirely consistent with his responsibilities as a research analyst providing recommendations to other Fidelity portfolio managers.

The following table provides information relating to other accounts managed by Mr. Lieu as of April 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 1 none none 
Number of Accounts Managed with Performance-Based Advisory Fees none none none 
Assets Managed (in millions) $1,491 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) none none none 

* Includes Fidelity® China Region Fund ($1,491 (in millions) assets managed).

As of April 30, 2018, the dollar range of shares of Fidelity® China Region Fund beneficially owned by Mr. Lieu was none.

The following table provides information relating to other accounts managed by Mr. Xie as of April 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 1 none none 
Number of Accounts Managed with Performance-Based Advisory Fees none none none 
Assets Managed (in millions) $1,491 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) none none none 

* Includes Fidelity® China Region Fund ($1,491 (in millions) assets managed).

As of April 30, 2018, the dollar range of shares of Fidelity® China Region Fund beneficially owned by Mr. Xie was none.


TIFB-18-02
1.467593.159
August 10, 2018

Supplement to the
Fidelity® Series Canada Fund
December 30, 2017
STATEMENT OF ADDITIONAL INFORMATION

Ryan Oldham serves as portfolio manager of the fund. Risteard Hogan no longer serves as portfolio manager of the fund.

The following information supplements information for the fund found in the “Management Contract” section.

Ryan Oldham is a research analyst and is portfolio manager of Fidelity® Series Canada Fund. As of June 30, 2018, portfolio manager compensation generally consists of a fixed base salary determined periodically (typically annually), a bonus, in certain cases, participation in several types of equity-based compensation plans, and, if applicable, relocation plan benefits. A portion of the portfolio manager's compensation may be deferred based on criteria established by FMR or at the election of the portfolio manager.

The portfolio manager’s base salary is determined primarily by level of experience and skills, and performance as a research analyst and fund manager at FMR or its affiliates. A portion of the portfolio manager's bonus relates to his performance as a research analyst and is based on the Director of Research's assessment of the research analyst's performance and may include factors such as portfolio manager survey-based assessments, which relate to analytical work and investment results within the relevant sector(s) and impact on other equity funds and accounts as a research analyst, and the research analyst's contributions to the research groups and to FMR. Another component of the bonus is based upon (i) the pre-tax investment performance of the portfolio manager's fund(s) and account(s) measured against a benchmark index (which may be a customized industry benchmark index developed by FMR) and within a defined peer group assigned to each fund or account, (ii) the pre-tax investment performance of the research analyst's recommendations measured against a benchmark index corresponding to the research analyst's assignment universe and against a broadly diversified equity index, and (iii) the investment performance of other FMR equity funds and accounts. The pre-tax investment performance of the portfolio manager's fund(s) and account(s) is weighted according to the portfolio manager's tenure on those fund(s) and account(s). The component of the bonus relating to the Director of Research's assessment is calculated over a one-year period, and each other component of the bonus is calculated over a measurement period that initially is contemporaneous with the portfolio manager's tenure, but that eventually encompasses rolling periods of up to five years for the comparison to a benchmark index and rolling periods of up to three years for the comparison to a peer group, if applicable. The portion of Mr. Oldham’s bonus that is linked to the investment performance of Fidelity® Series Canada Fund is based on the fund’s pre-tax investment performance measured against the MSCI Canada (net MA) Index, and the fund’s pre-tax investment performance (based on the performance of the fund’s retail class) within the Morningstar® Canadian Equity Category. The portfolio manager also is compensated under equity-based compensation plans linked to increases or decreases in the net asset value of the stock of FMR LLC, FMR's parent company. FMR LLC is a diverse financial services company engaged in various activities that include fund management, brokerage, retirement, and employer administrative services. If requested to relocate their primary residence, portfolio managers also may be eligible to receive benefits, such as home sale assistance and payment of certain moving expenses, under relocation plans for most full-time employees of FMR LLC and its affiliates.

The portfolio manager’s compensation plan may give rise to potential conflicts of interest. Although investors in a fund may invest through either tax-deferred accounts or taxable accounts, the portfolio manager’s compensation is linked to the pre-tax performance of the fund, rather than its after-tax performance. The portfolio manager’s base pay and bonus opportunity tend to increase with the portfolio manager’s level of experience and skills relative to research and fund assignments. The management of multiple funds and accounts (including proprietary accounts) may give rise to potential conflicts of interest if the funds and accounts have different objectives, benchmarks, time horizons, and fees as the portfolio manager must allocate his time and investment ideas across multiple funds and accounts. In addition, the fund’s trade allocation policies and procedures may give rise to conflicts of interest if the fund’s orders do not get fully executed due to being aggregated with those of other accounts managed by FMR. The portfolio manager may execute transactions for another fund or account that may adversely impact the value of securities held by the fund. Securities selected for other funds or accounts may outperform the securities selected for the fund. Trading in personal accounts, which may give rise to potential conflicts of interest, is restricted by a fund’s Code of Ethics. Furthermore, the potential exists that the portfolio manager’s responsibilities as a portfolio manager of a fund may not be entirely consistent with his responsibilities as a research analyst providing recommendations to other Fidelity portfolio managers.

The following table provides information relating to other accounts managed by Mr. Oldham as of June 30, 2018:

 Registered
Investment
Companies* 		Other Pooled
Investment
Vehicles 		Other
Accounts 
Number of Accounts Managed 2 none none 
Number of Accounts Managed with Performance-Based Advisory Fees 1 none none 
Assets Managed (in millions) $2,599 none none 
Assets Managed with Performance-Based Advisory Fees (in millions) $1,093 none none 

* Includes Fidelity® Series Canada Fund ($1,506 (in millions) assets managed).

As of June 30, 2018, the dollar range of shares of Fidelity® Series Canada Fund beneficially owned by Mr. Oldham was none.


SADB-18-01
1.9891479.100
August 10, 2018