N-Q 1 filing918.htm PRIMARY DOCUMENT

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)


Marc Bryant, 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, 2018


Item 1.

Schedule of Investments





Quarterly Holdings Report
for

Fidelity® Overseas Fund

July 31, 2018







OVE-QTLY-0918
1.804876.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.6%   
 Shares Value 
Australia - 1.1%   
Adelaide Brighton Ltd. 6,442,640 $32,931,529 
Aub Group Ltd. 2,726,553 26,556,829 
Pact Group Holdings Ltd. (a) 5,658,021 22,741,620 
TOTAL AUSTRALIA  82,229,978 
Bailiwick of Jersey - 1.1%   
Sanne Group PLC 3,071,454 28,461,945 
Wolseley PLC 700,061 55,223,790 
TOTAL BAILIWICK OF JERSEY  83,685,735 
Belgium - 1.0%   
KBC Groep NV 961,654 73,947,785 
Bermuda - 1.8%   
Credicorp Ltd. (United States) 177,600 40,629,552 
Hiscox Ltd. 2,305,300 48,352,628 
IHS Markit Ltd. (b) 836,100 44,338,383 
TOTAL BERMUDA  133,320,563 
Canada - 0.7%   
Constellation Software, Inc. 68,200 49,440,478 
Cayman Islands - 0.3%   
ZTO Express (Cayman), Inc. sponsored ADR 1,195,921 23,715,113 
Denmark - 1.2%   
DSV de Sammensluttede Vognmaend A/S 629,700 52,806,440 
Netcompany Group A/S 478,497 17,405,215 
NNIT A/S (a) 675,397 17,529,978 
TOTAL DENMARK  87,741,633 
France - 9.7%   
ALTEN 365,535 36,310,888 
Amundi SA (a) 561,706 38,779,297 
Capgemini SA 523,033 67,154,629 
Compagnie de St. Gobain 989,518 44,056,311 
Danone SA 833,600 65,447,845 
Edenred SA 1,637,500 64,471,674 
Elior SA 923,673 15,121,358 
Elis SA 1,610,614 37,027,083 
LVMH Moet Hennessy - Louis Vuitton SA 258,863 90,210,671 
Maisons du Monde SA (a) 410,162 12,546,936 
Sanofi SA 928,881 80,809,220 
SR Teleperformance SA 294,600 54,016,112 
Total SA 1,725,260 112,530,705 
TOTAL FRANCE  718,482,729 
Germany - 7.7%   
adidas AG 247,642 54,774,090 
Axel Springer Verlag AG 608,442 45,463,678 
Bayer AG 971,088 108,108,481 
Deutsche Post AG 1,788,647 63,185,026 
Fresenius Medical Care AG & Co. KGaA 503,436 49,112,284 
Fresenius SE & Co. KGaA 889,796 68,692,685 
Hannover Reuck SE 334,900 44,644,146 
SAP SE 933,545 108,651,592 
Scout24 AG (a) 425,300 22,130,943 
TOTAL GERMANY  564,762,925 
Hong Kong - 1.3%   
AIA Group Ltd. 10,673,400 93,148,585 
India - 0.8%   
Axis Bank Ltd. 3,141,235 25,254,685 
HDFC Asset Management Co. Ltd. (b) 1,171 18,815 
Housing Development Finance Corp. Ltd. 1,034,485 30,143,769 
TOTAL INDIA  55,417,269 
Indonesia - 0.5%   
PT Bank Rakyat Indonesia Tbk 157,743,200 33,583,330 
Ireland - 3.3%   
CRH PLC 1,349,200 46,088,141 
DCC PLC (United Kingdom) 554,812 51,339,403 
Kerry Group PLC Class A 510,748 54,169,956 
Kingspan Group PLC (Ireland) 1,124,980 52,251,476 
United Drug PLC (United Kingdom) 3,726,103 41,081,850 
TOTAL IRELAND  244,930,826 
Israel - 0.9%   
Frutarom Industries Ltd. 648,416 65,456,078 
Italy - 1.3%   
Banca Generali SpA 994,277 26,834,142 
Prada SpA 6,689,600 31,832,714 
Recordati SpA 968,400 36,214,105 
TOTAL ITALY  94,880,961 
Japan - 17.4%   
AEON Financial Service Co. Ltd. 1,555,000 32,027,590 
Arc Land Sakamoto Co. Ltd. 654,300 9,151,949 
Daiichikosho Co. Ltd. 625,800 29,662,747 
Daikin Industries Ltd. 573,600 68,562,393 
GMO Internet, Inc. 258,100 5,472,925 
Hoya Corp. 1,471,100 88,148,907 
Iriso Electronics Co. Ltd. 528,400 30,811,322 
Keyence Corp. 121,280 63,896,658 
KH Neochem Co. Ltd. 1,348,000 43,400,259 
Miroku Jyoho Service Co., Ltd. 837,000 20,113,750 
Misumi Group, Inc. 1,373,500 34,910,227 
Mitsubishi UFJ Financial Group, Inc. 11,428,300 70,133,945 
Morinaga & Co. Ltd. 587,200 27,202,933 
Nabtesco Corp. 1,083,600 33,482,431 
Nakanishi, Inc. 2,384,400 49,792,729 
Nissan Chemical Corp. 699,700 31,368,672 
Nitori Holdings Co. Ltd. 326,700 49,275,996 
NOF Corp. 890,100 29,254,729 
OBIC Co. Ltd. 527,900 45,229,012 
Olympus Corp. 1,284,500 52,146,573 
ORIX Corp. 4,844,700 78,423,351 
Otsuka Corp. 876,800 34,189,044 
PALTAC Corp. 405,100 21,375,397 
Recruit Holdings Co. Ltd. 2,211,800 60,606,575 
S Foods, Inc. 580,300 22,757,372 
SMC Corp. 137,200 45,988,964 
Sundrug Co. Ltd. 520,700 20,815,892 
Suzuki Motor Corp. 666,700 39,213,908 
Temp Holdings Co., Ltd. 1,523,500 33,163,699 
Tsuruha Holdings, Inc. 351,300 43,168,287 
USS Co. Ltd. 1,083,200 20,498,602 
Welcia Holdings Co. Ltd. 983,000 49,846,711 
TOTAL JAPAN  1,284,093,549 
Kenya - 0.4%   
Safaricom Ltd. 95,758,300 26,692,209 
Korea (South) - 0.3%   
LG Chemical Ltd. 67,440 22,712,781 
Netherlands - 5.3%   
Adyen BV (a) 9,600 6,133,755 
Grandvision NV (a) 1,131,600 26,001,597 
Heineken NV (Bearer) 469,300 47,491,071 
IMCD Group BV 991,778 72,077,568 
ING Groep NV (Certificaten Van Aandelen) 3,776,954 57,737,399 
Koninklijke Philips Electronics NV 1,565,245 68,713,558 
Unilever NV (NY Reg.) 1,970,174 113,206,198 
TOTAL NETHERLANDS  391,361,146 
New Zealand - 0.7%   
EBOS Group Ltd. 2,276,701 31,346,348 
Trade Maine Group Ltd. 7,184,130 23,749,010 
TOTAL NEW ZEALAND  55,095,358 
Norway - 1.7%   
Equinor ASA 3,040,359 80,736,793 
Schibsted ASA (A Shares) 1,305,300 45,128,159 
TOTAL NORWAY  125,864,952 
Panama - 0.3%   
Copa Holdings SA Class A 226,200 22,018,308 
Spain - 3.1%   
Amadeus IT Holding SA Class A 732,330 62,513,556 
CaixaBank SA 11,812,916 54,349,786 
Grifols SA ADR 2,605,237 54,136,825 
Masmovil Ibercom SA (b) 112,690 12,742,551 
Prosegur Cash SA (a) 15,725,714 42,294,387 
TOTAL SPAIN  226,037,105 
Sweden - 3.6%   
Addlife AB 838,800 20,128,262 
Alfa Laval AB 1,491,850 41,007,869 
HEXPOL AB (B Shares) 3,849,062 41,366,818 
Indutrade AB 1,639,523 43,109,277 
Nordea Bank AB 5,051,867 53,730,614 
Swedbank AB (A Shares) 2,880,423 68,202,829 
TOTAL SWEDEN  267,545,669 
Switzerland - 6.2%   
Credit Suisse Group AG 3,781,741 60,819,949 
Julius Baer Group Ltd. 955,659 52,427,131 
Kaba Holding AG (B Shares) (Reg.) 49,236 31,575,882 
Lonza Group AG 206,492 63,669,149 
Roche Holding AG (participation certificate) 532,428 130,789,084 
Sika AG 361,320 51,416,440 
UBS Group AG 4,164,487 68,619,508 
TOTAL SWITZERLAND  459,317,143 
Taiwan - 0.8%   
Taiwan Semiconductor Manufacturing Co. Ltd. 4,887,000 39,117,214 
United Microelectronics Corp. 32,974,000 18,903,942 
TOTAL TAIWAN  58,021,156 
United Kingdom - 21.6%   
Admiral Group PLC 1,770,600 46,038,460 
Ascential PLC 8,552,987 47,150,137 
Beazley PLC 4,452,400 32,784,827 
British American Tobacco PLC (United Kingdom) 1,734,860 95,369,275 
Cineworld Group PLC 13,489,039 47,980,653 
Compass Group PLC 2,996,694 64,486,629 
Conviviality PLC (c) 5,450,078 72 
Cranswick PLC 766,480 32,937,858 
Dechra Pharmaceuticals PLC 676,095 26,498,018 
Diploma PLC 2,130,803 36,805,697 
DS Smith PLC 6,435,672 42,573,592 
Halma PLC 2,257,870 41,697,391 
Hastings Group Holdings PLC (a) 7,906,163 25,839,313 
Hilton Food Group PLC 2,129,335 26,718,849 
IntegraFin Holdings PLC (b) 3,536,087 17,404,841 
Intertek Group PLC 658,045 50,786,557 
James Fisher and Sons PLC 986,058 23,322,393 
John Wood Group PLC 2,683,592 22,888,222 
JTC PLC (b) 2,833,000 14,390,418 
LivaNova PLC (b) 463,629 51,059,462 
London Stock Exchange Group PLC 1,146,430 66,163,712 
Melrose Industries PLC 18,343,163 51,980,772 
Micro Focus International PLC 1,596,823 26,056,076 
Next PLC 224,800 17,514,835 
Prudential PLC 3,682,871 86,891,962 
Reckitt Benckiser Group PLC 958,624 85,461,957 
Rentokil Initial PLC 9,286,400 41,356,817 
Rio Tinto PLC 1,115,454 61,239,461 
Rolls-Royce Holdings PLC 3,064,092 39,837,908 
Rotork PLC 8,268,806 39,060,743 
Schroders PLC 930,282 38,011,026 
Sinclair Pharma PLC (b) 10,232,168 2,806,919 
Spectris PLC 1,359,744 41,316,545 
St. James's Place Capital PLC 3,736,563 59,122,852 
Standard Life PLC 9,603,242 39,364,588 
The Weir Group PLC 1,853,900 47,413,561 
Ultra Electronics Holdings PLC 1,370,594 29,701,047 
Victrex PLC 1,258,588 52,102,808 
Volution Group PLC 9,088,967 24,217,339 
TOTAL UNITED KINGDOM  1,596,353,592 
United States of America - 4.5%   
Alphabet, Inc. Class C (b) 34,693 42,230,401 
Boston Scientific Corp. (b) 1,338,400 44,983,624 
Marsh & McLennan Companies, Inc. 511,500 42,638,640 
Moody's Corp. 276,700 47,348,904 
S&P Global, Inc. 371,900 74,543,636 
Sherwin-Williams Co. 101,600 44,778,168 
Worldpay, Inc. (b) 432,300 35,530,737 
TOTAL UNITED STATES OF AMERICA  332,054,110 
TOTAL COMMON STOCKS   
(Cost $5,800,076,830)  7,271,911,066 
Nonconvertible Preferred Stocks - 0.9%   
Germany - 0.9%   
Henkel AG & Co. KGaA   
(Cost $51,150,930) 513,444 64,392,443 
TOTAL INVESTMENT IN SECURITIES - 99.5%   
(Cost $5,851,227,760)  7,336,303,509 
NET OTHER ASSETS (LIABILITIES) - 0.5%  38,165,394 
NET ASSETS - 100%  $7,374,468,903 

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

Legend

 (a) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $213,997,826 or 2.9% of net assets.

 (b) Non-income producing

 (c) Level 3 security

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 $710,477 
Fidelity Securities Lending Cash Central Fund 2,162,799 
Total $2,873,276 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $714,854,179 $585,429,600 $129,424,579 $-- 
Consumer Staples 748,986,719 502,707,570 246,279,077 72 
Energy 216,155,720 103,625,015 112,530,705 -- 
Financials 1,739,665,176 1,357,286,189 382,378,987 -- 
Health Care 1,085,768,061 596,088,861 489,679,200 -- 
Industrials 1,389,701,725 1,157,509,823 232,191,902 -- 
Information Technology 814,306,073 621,577,249 192,728,824 -- 
Materials 587,431,096 448,734,822 138,696,274 -- 
Telecommunication Services 39,434,760 39,434,760 -- -- 
Total Investments in Securities: $7,336,303,509 $5,412,393,889 $1,923,909,548 $72 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $204,276,243 
Level 2 to Level 1 $962,116,355 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Europe Fund

July 31, 2018







EUR-QTLY-0918
1.804873.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.2%   
 Shares Value 
Bermuda - 3.5%   
Vostok Emerging Finance Ltd. (depository receipt) (a)(b)(c) 53,590,807 $11,945,704 
Vostok New Ventures Ltd. (depositary receipt) (a) 3,323,516 28,650,511 
TOTAL BERMUDA  40,596,215 
Canada - 0.9%   
Lundin Mining Corp. (Sweden) 1,883,900 10,408,323 
Denmark - 2.3%   
A.P. Moller - Maersk A/S Series B 18,612 26,723,795 
France - 5.1%   
Capgemini SA 207,000 26,577,688 
The Vicat Group 158,300 10,245,734 
Wendel SA 149,700 21,828,946 
TOTAL FRANCE  58,652,368 
Germany - 13.8%   
Bertrandt AG 126,900 12,835,780 
Fresenius Medical Care AG & Co. KGaA 167,000 16,291,547 
Fresenius SE & Co. KGaA 82,300 6,353,600 
Hannover Reuck SE 109,600 14,610,327 
JOST Werke AG (d) 102,100 4,417,454 
LEG Immobilien AG 241,647 27,194,529 
MTU Aero Engines Holdings AG 143,000 30,266,286 
SAP SE 381,437 44,393,936 
WashTec AG 29,300 2,559,368 
TOTAL GERMANY  158,922,827 
Hungary - 1.0%   
OTP Bank PLC 305,700 11,501,458 
Ireland - 5.5%   
DCC PLC (United Kingdom) 147,600 13,658,133 
Paddy Power Betfair PLC (Ireland) 149,800 16,334,475 
Ryanair Holdings PLC sponsored ADR (a) 164,767 17,366,442 
United Drug PLC (United Kingdom) 1,420,241 15,658,753 
TOTAL IRELAND  63,017,803 
Italy - 6.1%   
Banca Generali SpA 379,600 10,244,872 
Buzzi Unicem SpA 490,500 10,811,722 
Prada SpA 5,312,000 25,277,352 
UniCredit SpA 1,317,933 23,369,619 
TOTAL ITALY  69,703,565 
Malta - 1.8%   
Kambi Group PLC (a) 887,109 20,379,511 
Netherlands - 3.3%   
Instone Real Estate Group BV (d) 186,700 4,802,988 
Intertrust NV (d) 1,881,325 32,778,918 
TOTAL NETHERLANDS  37,581,906 
Norway - 2.7%   
Schibsted ASA (A Shares) 890,150 30,775,171 
Spain - 5.9%   
Aedas Homes SAU (d) 52,983 1,877,257 
Amadeus IT Holding SA Class A 257,100 21,946,712 
Grifols SA 499,300 14,508,833 
Prosegur Cash SA (d) 7,417,400 19,949,134 
Prosegur Compania de Seguridad SA (Reg.) 1,369,300 9,110,777 
TOTAL SPAIN  67,392,713 
Sweden - 20.1%   
Arjo AB 8,828,784 29,971,648 
Essity AB Class B 798,700 19,974,426 
Getinge AB (B Shares) 4,148,384 44,725,240 
Indutrade AB 939,100 24,692,500 
Investor AB (B Shares) 670,971 29,256,425 
Nobia AB 637,800 4,798,216 
Nordea Bank AB 1,547,400 16,457,827 
Securitas AB (B Shares) 2,562,100 46,125,639 
Swedish Match Co. AB 285,000 15,583,848 
TOTAL SWEDEN  231,585,769 
Switzerland - 3.0%   
EDAG Engineering Group AG 297,000 6,077,697 
Swatch Group AG (Bearer) 62,350 28,015,467 
TOTAL SWITZERLAND  34,093,164 
United Kingdom - 19.7%   
British American Tobacco PLC (United Kingdom) 394,200 21,670,088 
Dechra Pharmaceuticals PLC 764,900 29,978,529 
Diploma PLC 938,300 16,207,404 
IntegraFin Holdings PLC (a) 314,300 1,547,004 
Micro Focus International PLC 1,761,458 28,742,499 
NCC Group Ltd. 11,539,824 33,292,218 
Prudential PLC 1,540,905 36,355,403 
Rolls-Royce Holdings PLC 2,252,300 29,283,364 
Standard Chartered PLC (United Kingdom) 2,594,366 23,428,017 
The Weir Group PLC 239,200 6,117,549 
TOTAL UNITED KINGDOM  226,622,075 
United States of America - 2.5%   
Autoliv, Inc. (depositary receipt) 187,300 19,077,315 
Veoneer, Inc. unit (a) 187,300 9,620,667 
TOTAL UNITED STATES OF AMERICA  28,697,982 
TOTAL COMMON STOCKS   
(Cost $946,161,878)  1,116,654,645 
Nonconvertible Preferred Stocks - 2.5%   
Italy - 1.0%   
Buzzi Unicem SpA (Risparmio Shares) 889,200 11,063,323 
Spain - 1.5%   
Grifols SA Class B 850,250 17,806,508 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $23,543,530)  28,869,831 
Money Market Funds - 0.3%   
Fidelity Cash Central Fund, 1.96% (e) 2,881,253 2,881,829 
Fidelity Securities Lending Cash Central Fund 1.97% (e)(f) 2,869 2,870 
TOTAL MONEY MARKET FUNDS   
(Cost $2,884,699)  2,884,699 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $972,590,107)  1,148,409,175 
NET OTHER ASSETS (LIABILITIES) - 0.0%  120,615 
NET ASSETS - 100%  $1,148,529,790 

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

Legend

 (a) Non-income producing

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

 (c) Affiliated company

 (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $63,825,751 or 5.6% of net assets.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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 $80,886 
Fidelity Securities Lending Cash Central Fund 290,234 
Total $371,120 

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

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 Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Vostok Emerging Finance Ltd. (depository receipt) $11,714,677 $-- $-- $-- $-- $231,027 $11,945,704 
Total $11,714,677 $-- $-- $-- $-- $231,027 $11,945,704 

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $164,773,325 $164,773,325 $-- $-- 
Consumer Staples 57,228,362 35,558,274 21,670,088 -- 
Financials 249,145,247 212,789,844 36,355,403 -- 
Health Care 175,294,658 141,196,603 34,098,055 -- 
Industrials 267,725,955 211,718,796 56,007,159 -- 
Information Technology 154,953,053 81,816,618 73,136,435 -- 
Materials 42,529,102 42,529,102 -- -- 
Real Estate 33,874,774 33,874,774 -- -- 
Money Market Funds 2,884,699 2,884,699 -- -- 
Total Investments in Securities: $1,148,409,175 $927,142,035 $221,267,140 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $47,154,143 
Level 2 to Level 1 $0 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Pacific Basin Fund

July 31, 2018







PAF-QTLY-0918
1.804825.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.8%   
 Shares Value 
Australia - 14.4%   
1-Page Ltd. (a)(b) 872,167 $106,916 
Amcor Ltd. 920,628 10,307,587 
Arena (REIT) unit 3,868,965 6,611,229 
Aristocrat Leisure Ltd. 385,270 9,216,810 
Australia & New Zealand Banking Group Ltd. 555,948 12,102,118 
Blue Sky Alternative Investments Ltd. 1,733,447 2,485,578 
BWX Ltd. (c) 2,040,551 8,565,555 
Commonwealth Bank of Australia 279,342 15,521,703 
CSL Ltd. 101,227 14,786,370 
Hansen Technologies Ltd. 2,550,516 6,404,782 
HUB24 Ltd. (a)(c) 1,073,146 9,168,879 
Magellan Financial Group Ltd. 324,996 5,959,129 
Netwealth Group Ltd. 862,037 4,828,996 
NIB Holdings Ltd. 1,880,056 7,877,882 
realestate.com.au Ltd. 132,656 8,554,728 
SpeedCast International Ltd. 1,171,597 5,396,716 
Woodside Petroleum Ltd. 385,854 10,360,262 
TOTAL AUSTRALIA  138,255,240 
Bermuda - 0.7%   
Hongkong Land Holdings Ltd. 875,100 6,361,977 
Cayman Islands - 11.4%   
Alibaba Group Holding Ltd. sponsored ADR (a) 184,600 34,562,658 
China High Precision Automation Group Ltd. (a)(b) 1,875,000 
China Metal Recycling (Holdings) Ltd. (a)(b) 2,572,200 
International Housewares Retail Co. Ltd. 18,103,700 4,497,642 
NetEase, Inc. ADR 27,800 7,172,400 
Silergy Corp. 243,000 5,586,116 
SITC International Holdings Co. Ltd. 6,779,000 6,581,176 
Tencent Holdings Ltd. 955,900 43,507,218 
ZTO Express (Cayman), Inc. sponsored ADR 407,700 8,084,691 
TOTAL CAYMAN ISLANDS  109,991,906 
China - 11.2%   
Gree Electric Appliances, Inc. of Zhuhai Class A 1,445,294 9,370,534 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 1,647,016 8,359,947 
Hangzhou Tigermed Consulting Co. Ltd. Class A 727,300 6,407,525 
Industrial & Commercial Bank of China Ltd. (H Shares) 13,110,000 9,704,244 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 653,561 6,606,888 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 378,254 7,126,235 
Kweichow Moutai Co. Ltd. (A Shares) 169,550 18,079,161 
Midea Group Co. Ltd. Class A 773,400 5,404,843 
Shanghai International Airport Co. Ltd. (A Shares) 1,210,013 10,704,637 
Shenzhen Expressway Co. (H Shares) 6,230,000 5,635,459 
Sinopec Engineering Group Co. Ltd. (H Shares) 2,483,000 2,530,752 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 2,349,725 7,515,450 
Yunnan Baiyao Group Co. Ltd. 622,433 9,100,731 
Zhengzhou Yutong Bus Co. Ltd. 605,523 1,493,209 
TOTAL CHINA  108,039,615 
Hong Kong - 3.5%   
AIA Group Ltd. 2,285,400 19,945,076 
CSPC Pharmaceutical Group Ltd. 2,150,000 5,615,329 
Techtronic Industries Co. Ltd. 1,485,000 8,267,816 
TOTAL HONG KONG  33,828,221 
India - 8.5%   
Axis Bank Ltd. 889,398 7,150,521 
Bharti Infratel Ltd. 1,673,826 7,008,505 
CCL Products (India) Ltd. 947,967 3,669,460 
Future Retail Ltd. 553,160 4,319,593 
HDFC Asset Management Co. Ltd. (a) 1,563 25,114 
HDFC Bank Ltd. 394,066 12,465,420 
Housing Development Finance Corp. Ltd. 374,884 10,923,712 
Indraprastha Gas Ltd. 1,891,000 8,395,697 
Oberoi Realty Ltd. 352,703 2,555,886 
Petronet LNG Ltd. 2,207,201 7,387,965 
Power Grid Corp. of India Ltd. 2,095,260 5,579,403 
Reliance Industries Ltd. 725,275 12,564,653 
TOTAL INDIA  82,045,929 
Indonesia - 2.3%   
PT Bank Central Asia Tbk 8,102,500 13,078,064 
PT Bank Rakyat Indonesia Tbk 41,180,500 8,767,277 
TOTAL INDONESIA  21,845,341 
Israel - 0.3%   
Sarine Technologies Ltd. 4,391,400 2,806,419 
Japan - 33.3%   
Arata Corp. 44,800 2,411,984 
Arcland Service Holdings Co. Ltd. 292,000 5,504,950 
Bank of Kyoto Ltd. 144,400 6,986,576 
Broadleaf Co. Ltd. 587,804 3,553,687 
Create SD Holdings Co. Ltd. 211,800 5,265,877 
Daito Trust Construction Co. Ltd. 32,600 5,441,837 
East Japan Railway Co. 91,000 8,511,426 
Fukushima Industries Corp. 118,900 5,859,133 
Hoya Corp. 174,500 10,456,111 
Kao Corp. 169,800 12,404,229 
Keyence Corp. 30,100 15,858,257 
KH Neochem Co. Ltd. 207,100 6,667,799 
Minebea Mitsumi, Inc. 463,400 8,316,698 
Misumi Group, Inc. 268,500 6,824,460 
Money Forward, Inc. 47,400 2,157,725 
Morinaga & Co. Ltd. 124,700 5,776,917 
Nakanishi, Inc. 354,300 7,398,743 
Nidec Corp. 70,700 10,230,524 
Nifco, Inc. 243,500 7,338,863 
Nihon M&A Center, Inc. 148,700 3,957,709 
Nihon Parkerizing Co. Ltd. 223,200 3,303,635 
Nissan Chemical Corp. 136,000 6,097,098 
Nitori Holdings Co. Ltd. 86,700 13,076,917 
Open House Co. Ltd. 184,900 10,103,644 
ORIX Corp. 725,200 11,739,141 
PALTAC Corp. 110,100 5,809,507 
Panasonic Corp. 676,000 8,686,000 
Paramount Bed Holdings Co. Ltd. 129,100 5,455,417 
PeptiDream, Inc. (a)(c) 93,300 3,625,529 
Pilot Corp. 147,600 8,501,042 
ProNexus, Inc. 276,400 3,211,050 
Recruit Holdings Co. Ltd. 253,000 6,932,572 
Renesas Electronics Corp. (a) 552,400 4,920,542 
Shionogi & Co. Ltd. 200,200 10,927,428 
SMC Corp. 27,400 9,184,385 
SMS Co., Ltd. 257,000 5,217,457 
SoftBank Corp. 230,400 19,243,519 
Start Today Co. Ltd. 343,600 13,782,104 
Subaru Corp. 368,500 10,769,569 
Toto Ltd. 144,100 6,734,388 
Tsuruha Holdings, Inc. 65,300 8,024,165 
Welcia Holdings Co. Ltd. 92,600 4,695,631 
TOTAL JAPAN  320,964,245 
Korea (South) - 2.2%   
Cafe24 Corp. (a) 31,045 4,461,009 
Coway Co. Ltd. 76,558 6,449,334 
SK Hynix, Inc. 138,268 10,716,524 
TOTAL KOREA (SOUTH)  21,626,867 
Multi-National - 0.9%   
HKT Trust/HKT Ltd. unit 6,329,000 8,450,439 
New Zealand - 1.4%   
EBOS Group Ltd. 408,279 5,621,316 
Ryman Healthcare Group Ltd. 925,540 7,677,421 
TOTAL NEW ZEALAND  13,298,737 
Philippines - 0.6%   
Ayala Land, Inc. 7,564,600 5,828,801 
Singapore - 0.4%   
Wing Tai Holdings Ltd. 2,781,500 4,229,408 
Taiwan - 4.9%   
Nien Made Enterprise Co. Ltd. 499,000 4,315,931 
Taiwan Semiconductor Manufacturing Co. Ltd. 3,882,000 31,072,852 
United Microelectronics Corp. 8,567,000 4,911,448 
Voltronic Power Technology Corp. 380,703 6,622,870 
TOTAL TAIWAN  46,923,101 
Thailand - 0.9%   
Bangkok Bank PCL (For. Reg.) 882,400 5,516,658 
Thai Beverage PCL 6,086,700 3,398,018 
TOTAL THAILAND  8,914,676 
United States of America - 0.9%   
GI Dynamics, Inc. CDI (a) 5,561,290 107,426 
ResMed, Inc. CDI 775,661 8,119,748 
TOTAL UNITED STATES OF AMERICA  8,227,174 
TOTAL COMMON STOCKS   
(Cost $727,367,794)  941,638,096 
Nonconvertible Preferred Stocks - 1.0%   
Korea (South) - 1.0%   
Samsung Electronics Co. Ltd.   
(Cost $9,351,760) 263,350 9,046,618 
Money Market Funds - 0.5%   
Fidelity Cash Central Fund, 1.96% (d) 886,410 886,588 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 4,224,589 4,225,011 
TOTAL MONEY MARKET FUNDS   
(Cost $5,111,599)  5,111,599 
TOTAL INVESTMENT IN SECURITIES - 99.3%   
(Cost $741,831,153)  955,796,313 
NET OTHER ASSETS (LIABILITIES) - 0.7%  6,642,522 
NET ASSETS - 100%  $962,438,835 

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

Legend

 (a) Non-income producing

 (b) Level 3 security

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

 (d) 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.

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

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $118,320 
Fidelity Securities Lending Cash Central Fund 114,183 
Total $232,503 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $127,307,088 $107,851,519 $19,455,569 $-- 
Consumer Staples 77,005,248 64,601,019 12,404,229 -- 
Energy 30,312,880 30,312,880 -- -- 
Financials 164,246,088 151,755,554 12,490,534 -- 
Health Care 109,421,432 98,494,004 10,927,428 -- 
Industrials 114,637,909 84,142,825 30,495,084 -- 
Information Technology 206,170,886 126,572,450 79,491,518 106,918 
Materials 26,376,122 20,279,021 6,097,098 
Real Estate 41,132,782 41,132,782 -- -- 
Telecommunication Services 40,099,179 20,855,660 19,243,519 -- 
Utilities 13,975,100 13,975,100 -- -- 
Money Market Funds 5,111,599 5,111,599 -- -- 
Total Investments in Securities: $955,796,313 $765,084,413 $190,604,979 $106,921 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $177,736,743 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Discovery Fund

July 31, 2018







IGI-QTLY-0918
1.804822.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 91.4%   
 Shares Value (000s) 
Australia - 1.2%   
Bapcor Ltd. 8,478,456 $43,968 
Blue Sky Alternative Investments Ltd. 3,155,936 4,525 
BWX Ltd. 2,077,396 8,720 
Inghams Group Ltd. (a) 7,274,630 19,835 
Magellan Financial Group Ltd. 1,192,618 21,868 
National Storage (REIT) unit 11,314,746 14,375 
Rio Tinto Ltd. 184,225 11,114 
TOTAL AUSTRALIA  124,405 
Austria - 1.3%   
Erste Group Bank AG 1,725,300 74,566 
Wienerberger AG 2,626,900 64,446 
TOTAL AUSTRIA  139,012 
Bailiwick of Jersey - 0.6%   
Glencore Xstrata PLC 14,542,513 63,849 
Belgium - 1.0%   
KBC Groep NV 1,361,659 104,707 
Bermuda - 0.5%   
Hiscox Ltd. 2,688,000 56,380 
Canada - 1.6%   
Cenovus Energy, Inc. 3,258,400 32,688 
Constellation Software, Inc. 72,700 52,703 
Suncor Energy, Inc. 2,059,200 86,715 
TOTAL CANADA  172,106 
Cayman Islands - 2.2%   
Alibaba Group Holding Ltd. sponsored ADR (b) 444,400 83,205 
China Literature Ltd. (b)(c) 3,254,600 27,222 
ENN Energy Holdings Ltd. 3,542,000 36,033 
Geely Automobile Holdings Ltd. 10,924,000 24,913 
New Oriental Education & Technology Group, Inc. sponsored ADR 374,000 32,179 
ZTO Express (Cayman), Inc. sponsored ADR 1,302,600 25,831 
TOTAL CAYMAN ISLANDS  229,383 
China - 1.8%   
Hangzhou Tigermed Consulting Co. Ltd. Class A 1,952,549 17,202 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 3,088,520 58,187 
Kweichow Moutai Co. Ltd. (A Shares) 573,382 61,140 
Qingdao Port International Co. Ltd. (c) 11,047,000 8,051 
Shanghai International Airport Co. Ltd. (A Shares) 5,665,100 50,118 
TOTAL CHINA  194,698 
Denmark - 0.9%   
Netcompany Group A/S 649,326 23,619 
Novo Nordisk A/S Series B 924,845 46,009 
Novozymes A/S Series B 389,400 20,501 
TOTAL DENMARK  90,129 
Finland - 0.4%   
Sampo Oyj (A Shares) 890,000 45,230 
France - 9.2%   
Accor SA 944,547 48,687 
ALTEN 333,060 33,085 
Altran Technologies SA 1,477,985 14,094 
Atos Origin SA (a) 245,802 33,011 
Capgemini SA 483,950 62,137 
Cegedim SA (b) 577,424 22,282 
Elis SA 1,188,311 27,319 
LVMH Moet Hennessy - Louis Vuitton SA 239,033 83,300 
Rexel SA 2,113,082 33,073 
Sartorius Stedim Biotech 303,090 36,080 
SMCP S.A.S. (c) 1,005,880 29,206 
Societe Generale Series A 1,473,983 65,737 
Thales SA 434,362 57,116 
Total SA (a) 4,539,524 296,080 
VINCI SA 1,300,305 130,764 
TOTAL FRANCE  971,971 
Germany - 7.8%   
adidas AG 444,506 98,317 
Akasol AG 255,825 15,855 
Aumann AG (c) 132,651 9,260 
Deutsche Borse AG 162,981 21,479 
Deutsche Post AG 2,217,940 78,350 
Fresenius SE & Co. KGaA 895,700 69,148 
JOST Werke AG (c) 218,300 9,445 
Linde AG 284,500 70,229 
MTU Aero Engines Holdings AG 379,100 80,237 
Muenchener Rueckversicherungs AG 121,500 26,924 
Nexus AG 598,705 18,553 
Rational AG 36,405 24,946 
Rheinmetall AG 300,500 36,299 
SAP SE 1,497,771 174,320 
Scout24 AG (c) 456,000 23,728 
Vonovia SE 637,100 30,850 
Wirecard AG 220,500 41,190 
TOTAL GERMANY  829,130 
Hong Kong - 1.6%   
AIA Group Ltd. 12,913,800 112,701 
Techtronic Industries Co. Ltd. 10,183,000 56,694 
TOTAL HONG KONG  169,395 
India - 3.9%   
Avenue Supermarts Ltd. (b)(c) 595,148 14,387 
HDFC Asset Management Co. Ltd. (b) 11,499 185 
HDFC Bank Ltd. 1,783,391 56,414 
HDFC Bank Ltd. sponsored ADR 955,784 98,771 
Housing Development Finance Corp. Ltd. 4,738,215 138,066 
Kajaria Ceramics Ltd. 2,444,763 15,852 
Kotak Mahindra Bank Ltd. 1,211,049 23,118 
Petronet LNG Ltd. 6,098,248 20,412 
PNB Housing Finance Ltd. (c) 594,020 11,225 
PVR Ltd. (b) 442,801 7,137 
Sunteck Realty Ltd. (b) 3,638,783 21,872 
TCNS Clothing Co. Ltd. (b) 724,883 6,981 
TOTAL INDIA  414,420 
Indonesia - 0.4%   
PT Bank Central Asia Tbk 6,936,300 11,196 
PT Bank Rakyat Indonesia Tbk 156,131,200 33,240 
TOTAL INDONESIA  44,436 
Ireland - 3.9%   
Cairn Homes PLC (b) 24,020,163 47,750 
CRH PLC 2,204,947 75,415 
Dalata Hotel Group PLC (b) 5,077,400 40,373 
DCC PLC (United Kingdom) 351,200 32,498 
Glenveagh Properties PLC (c) 15,222,203 19,936 
Glenveagh Properties PLC rights 8/9/18 (b) 2,283,962 
Green REIT PLC 9,492,200 16,716 
James Hardie Industries PLC CDI 3,024,695 48,315 
Kerry Group PLC Class A 558,000 59,182 
Ryanair Holdings PLC sponsored ADR (b) 340,266 35,864 
United Drug PLC (United Kingdom) 3,774,400 41,614 
TOTAL IRELAND  417,663 
Israel - 0.8%   
Frutarom Industries Ltd. 840,004 84,796 
Italy - 1.4%   
Intesa Sanpaolo SpA 24,165,200 74,058 
Prada SpA 6,971,900 33,176 
Recordati SpA 1,130,947 42,293 
TOTAL ITALY  149,527 
Japan - 14.7%   
AEON Financial Service Co. Ltd. 1,567,500 32,285 
Daito Trust Construction Co. Ltd. 163,500 27,293 
Hoya Corp. 1,570,300 94,093 
Keyence Corp. 156,820 82,621 
Mercari, Inc. (b) 46,300 1,950 
Minebea Mitsumi, Inc. 3,052,000 54,775 
Misumi Group, Inc. 1,127,900 28,668 
Mitsubishi UFJ Financial Group, Inc. 13,107,700 80,440 
Monex Group, Inc. (a) 3,474,649 17,278 
Morinaga & Co. Ltd. 572,700 26,531 
Nidec Corp. 345,000 49,923 
Nintendo Co. Ltd. 104,500 35,341 
Nitori Holdings Co. Ltd. 488,300 73,650 
ORIX Corp. 8,365,500 135,416 
Panasonic Corp. 6,157,400 79,117 
Recruit Holdings Co. Ltd. 942,500 25,826 
Relo Group, Inc. 2,568,200 69,479 
Renesas Electronics Corp. (b) 5,043,900 44,929 
Shiseido Co. Ltd. 600,200 44,217 
SMC Corp. 225,200 75,486 
SoftBank Corp. 812,500 67,862 
Sony Corp. 2,381,700 128,009 
Start Today Co. Ltd. 1,750,000 70,194 
Sundrug Co. Ltd. 833,000 33,301 
Tateru, Inc. (a) 1,166,300 19,422 
Tsuruha Holdings, Inc. 466,700 57,349 
VT Holdings Co. Ltd. 2,888,200 14,672 
Welcia Holdings Co. Ltd. 1,658,900 84,121 
TOTAL JAPAN  1,554,248 
Korea (South) - 0.6%   
Cafe24 Corp. (b) 223,645 32,137 
Hyundai Fire & Marine Insurance Co. Ltd. 331,774 10,920 
KB Financial Group, Inc. 437,375 21,120 
TOTAL KOREA (SOUTH)  64,177 
Netherlands - 5.3%   
Adyen BV (c) 110,200 70,410 
ASML Holding NV (Netherlands) 561,900 120,341 
Basic-Fit NV (b)(c) 573,600 18,714 
IMCD Group BV 754,645 54,844 
Instone Real Estate Group BV (c) 1,005,000 25,854 
Koninklijke Philips Electronics NV 2,614,869 114,792 
NIBC Holding NV (b) 363,749 3,411 
Unilever NV (Certificaten Van Aandelen) (Bearer) 2,495,532 143,970 
Van Lanschot NV (Bearer) 221,500 6,113 
TOTAL NETHERLANDS  558,449 
New Zealand - 1.2%   
EBOS Group Ltd. 3,124,713 43,022 
Fisher & Paykel Healthcare Corp. 3,647,794 36,798 
Ryman Healthcare Group Ltd. 6,119,232 50,759 
TOTAL NEW ZEALAND  130,579 
Norway - 2.3%   
Equinor ASA 9,331,713 247,804 
Philippines - 0.3%   
SM Investments Corp. 1,890,045 33,869 
South Africa - 1.6%   
Clicks Group Ltd. 2,088,297 30,650 
FirstRand Ltd. 5,145,300 27,068 
Naspers Ltd. Class N 221,000 54,413 
PSG Group Ltd. 1,676,400 29,664 
Remgro Ltd. 1,448,500 23,890 
TOTAL SOUTH AFRICA  165,685 
Spain - 4.2%   
Aedas Homes SAU (c) 402,926 14,276 
Amadeus IT Holding SA Class A 786,500 67,138 
CaixaBank SA 31,183,833 143,473 
Grifols SA ADR 2,877,258 59,789 
Masmovil Ibercom SA (b) 480,848 54,372 
Neinor Homes SLU (a)(b)(c) 732,900 13,884 
Prosegur Cash SA (c) 19,381,900 52,128 
Zardoya Otis SA 4,097,973 39,198 
TOTAL SPAIN  444,258 
Sweden - 1.9%   
ASSA ABLOY AB (B Shares) 3,306,800 65,278 
HEXPOL AB (B Shares) 1,854,700 19,933 
Indutrade AB 1,689,900 44,434 
Saab AB (B Shares) 759,600 35,030 
Svenska Cellulosa AB (SCA) (B Shares) 3,942,400 40,828 
TOTAL SWEDEN  205,503 
Switzerland - 6.9%   
Credit Suisse Group AG 6,465,936 103,989 
Forbo Holding AG (Reg.) 19,930 31,581 
Julius Baer Group Ltd. 831,390 45,610 
Kaba Holding AG (B Shares) (Reg.) 41,000 26,294 
Lonza Group AG 259,158 79,908 
Partners Group Holding AG 103,756 78,853 
Roche Holding AG (participation certificate) 679,048 166,806 
Schindler Holding AG (participation certificate) 163,047 38,006 
Swatch Group AG (Bearer) 237,150 106,558 
UBS Group AG 3,564,280 58,730 
TOTAL SWITZERLAND  736,335 
United Kingdom - 11.5%   
Anglo American PLC (United Kingdom) 1,400,082 31,843 
AstraZeneca PLC (United Kingdom) 2,169,091 166,969 
Barclays PLC 58,535 149 
BCA Marketplace PLC 7,687,700 23,763 
BHP Billiton PLC 3,402,992 78,316 
British American Tobacco PLC:   
(United Kingdom) 1,451,764 79,807 
sponsored ADR 419,000 22,953 
Bunzl PLC 2,027,759 60,284 
Clipper Logistics PLC 2,257,100 9,865 
Compass Group PLC 2,347,796 50,523 
Conviviality PLC (d) 5,464,968 
Cranswick PLC 1,355,788 58,262 
Dechra Pharmaceuticals PLC 956,104 37,472 
Indivior PLC (b) 3,912,200 15,703 
JTC PLC (b) 3,846,100 19,537 
LivaNova PLC (b) 686,802 75,638 
London Stock Exchange Group PLC 1,173,736 67,740 
Melrose Industries PLC 23,483,467 66,547 
Micro Focus International PLC 3,041,005 49,621 
Moneysupermarket.com Group PLC 81,598 336 
NCC Group Ltd. 9,063,500 26,148 
Reckitt Benckiser Group PLC 432,208 38,532 
Rex Bionics PLC (b)(d)(e) 1,284,833 30 
Rio Tinto PLC 913,190 50,135 
Senior Engineering Group PLC 7,063,700 29,409 
St. James's Place Capital PLC 2,375,742 37,591 
Standard Chartered PLC (United Kingdom) 8,986,712 81,153 
The Weir Group PLC 1,816,700 46,462 
TOTAL UNITED KINGDOM  1,224,788 
United States of America - 0.4%   
Marsh & McLennan Companies, Inc. 501,400 41,797 
TOTAL COMMON STOCKS   
(Cost $7,860,441)  9,708,729 
Preferred Stocks - 0.8%   
Convertible Preferred Stocks - 0.3%   
Cayman Islands - 0.3%   
China Internet Plus Holdings Ltd. Series A-11 (b)(d)(f) 5,958,244 29,791 
Nonconvertible Preferred Stocks - 0.5%   
Brazil - 0.5%   
Itausa-Investimentos Itau SA (PN) 18,585,813 51,598 
TOTAL PREFERRED STOCKS   
(Cost $77,743)  81,389 
 Principal Amount (000s) Value (000s) 
Government Obligations - 0.1%   
United States of America - 0.1%   
U.S. Treasury Bills, yield at date of purchase 1.86% to 1.99% 8/9/18 to 11/1/18
(Cost $10,513)(g) 
10,540 10,513 
 Shares Value (000s) 
Money Market Funds - 7.5%   
Fidelity Cash Central Fund, 1.96% (h) 761,898,876 762,051 
Fidelity Securities Lending Cash Central Fund 1.97% (h)(i) 35,766,690 35,770 
TOTAL MONEY MARKET FUNDS   
(Cost $797,821)  797,821 
TOTAL INVESTMENT IN SECURITIES - 99.8%   
(Cost $8,746,518)  10,598,452 
NET OTHER ASSETS (LIABILITIES) - 0.2%  18,373 
NET ASSETS - 100%  $10,616,825 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount (000s) Value (000s) Unrealized Appreciation/(Depreciation) (000s) 
Purchased      
Equity Index Contracts      
TSE TOPIX Index Contracts (Japan) 2,383 Sept. 2018 $372,534 $(11,977) $(11,977) 

The notional amount of futures purchased as a percentage of Net Assets is 3.5%

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

Values shown as $0 in the Schedule of Investments may reflect amounts less than $500.

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under 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 $347,726,000 or 3.3% of net assets.

 (d) Level 3 security

 (e) Affiliated company

 (f) 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 $29,791,000 or 0.3% of net assets.

 (g) 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 $10,513,000.

 (h) 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.

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

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost (000s) 
China Internet Plus Holdings Ltd. Series A-11 1/26/15 $18,833 

Affiliated Central Funds

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

Fund Income earned 
 (Amounts in thousands) 
Fidelity Cash Central Fund $6,103 
Fidelity Securities Lending Cash Central Fund 2,632 
Total $8,735 

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

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 (Amounts in thousands) Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Rex Bionics PLC $30 $-- $--(a) $-- $(38) $38 $30 
Total $30 $-- $--(a) $-- $(38) $38 $30 

 (a) Values shown as $0 may reflect amounts less than $500.

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
(Amounts in thousands)     
Investments in Securities:     
Equities:     
Consumer Discretionary $1,340,290 $1,020,073 $290,426 $29,791 
Consumer Staples 826,757 520,231 306,526 -- 
Energy 683,699 387,619 296,080 -- 
Financials 2,150,343 1,510,765 639,578 -- 
Health Care 1,234,960 740,354 494,576 30 
Industrials 1,403,945 1,179,716 224,229 -- 
Information Technology 1,072,064 692,441 379,623 -- 
Materials 659,720 455,854 203,866 -- 
Real Estate 260,073 260,073 -- -- 
Telecommunication Services 122,234 54,372 67,862 -- 
Utilities 36,033 36,033 -- -- 
Government Obligations 10,513 -- 10,513 -- 
Money Market Funds 797,821 797,821 -- -- 
Total Investments in Securities: $10,598,452 $7,655,352 $2,913,279 $29,821 
Derivative Instruments:     
Liabilities     
Futures Contracts $(11,977) $(11,977) $-- $-- 
Total Liabilities $(11,977) $(11,977) $-- $-- 
Total Derivative Instruments: $(11,977) $(11,977) $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total (000s) 
Level 1 to Level 2 $327,457 
Level 2 to Level 1 $1,176,701 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

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

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

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

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

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Canada Fund

July 31, 2018







CAN-QTLY-0918
1.804819.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%   
 Shares Value 
CONSUMER DISCRETIONARY - 3.0%   
Hotels, Restaurants & Leisure - 0.4%   
Recipe Unlimited Corp. 222,000 $4,597,517 
Leisure Products - 0.8%   
Spin Master Corp. (a)(b) 220,700 9,042,787 
Media - 1.5%   
Cogeco Communications, Inc. 160,400 8,705,262 
Quebecor, Inc. Class B (sub. vtg.) 404,900 8,438,205 
  17,143,467 
Specialty Retail - 0.3%   
AutoCanada, Inc. 257,100 2,857,874 
TOTAL CONSUMER DISCRETIONARY  33,641,645 
CONSUMER STAPLES - 7.6%   
Food & Staples Retailing - 7.1%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 774,500 35,573,952 
George Weston Ltd. 256,900 21,371,963 
Metro, Inc. Class A (sub. vtg.) 375,295 12,653,602 
North West Co., Inc. 359,900 8,222,491 
  77,822,008 
Tobacco - 0.5%   
Imperial Tobacco Group PLC 149,313 5,726,558 
TOTAL CONSUMER STAPLES  83,548,566 
ENERGY - 19.4%   
Energy Equipment & Services - 0.8%   
Canadian Energy Services & Technology Corp. 2,417,400 8,306,706 
Oil, Gas & Consumable Fuels - 18.6%   
Canadian Natural Resources Ltd. 906,798 33,320,478 
Cenovus Energy, Inc. 1,228,200 12,321,182 
Enbridge, Inc. 760,500 27,009,340 
Kinder Morgan Canada Ltd. (b)(c) 227,900 2,892,439 
Parkland Fuel Corp. 276,400 7,474,922 
Peyto Exploration & Development Corp. (c) 608,900 5,017,802 
Pinnacle Renewable Holds, Inc. 408,500 4,770,047 
PrairieSky Royalty Ltd. (c) 1,868,818 35,455,608 
Suncor Energy, Inc. 1,842,600 77,593,595 
  205,855,413 
TOTAL ENERGY  214,162,119 
FINANCIALS - 31.8%   
Banks - 19.6%   
Royal Bank of Canada 1,357,700 105,987,958 
The Toronto-Dominion Bank 1,859,700 110,322,521 
  216,310,479 
Capital Markets - 4.0%   
Fairfax India Holdings Corp. (a)(b) 102,000 1,642,200 
Gluskin Sheff + Associates, Inc. 257,900 3,330,684 
IGM Financial, Inc. 376,400 11,299,089 
Thomson Reuters Corp. 686,100 28,470,368 
  44,742,341 
Insurance - 8.2%   
Intact Financial Corp. 302,325 23,063,945 
Power Corp. of Canada (sub. vtg.) 1,060,900 24,131,938 
Sun Life Financial, Inc. 1,061,100 43,395,103 
  90,590,986 
TOTAL FINANCIALS  351,643,806 
HEALTH CARE - 0.7%   
Biotechnology - 0.7%   
Amgen, Inc. 38,300 7,527,865 
INDUSTRIALS - 10.6%   
Aerospace & Defense - 0.8%   
CAE, Inc. 401,100 8,355,929 
Road & Rail - 9.2%   
Canadian National Railway Co. 406,500 36,286,105 
Canadian Pacific Railway Ltd. 267,600 53,069,491 
TransForce, Inc. 367,600 12,207,649 
  101,563,245 
Trading Companies & Distributors - 0.6%   
Toromont Industries Ltd. 140,700 7,224,010 
TOTAL INDUSTRIALS  117,143,184 
INFORMATION TECHNOLOGY - 4.9%   
IT Services - 2.1%   
CGI Group, Inc. Class A (sub. vtg.) (a) 371,100 23,957,396 
Software - 2.8%   
Constellation Software, Inc. 22,300 16,166,021 
Open Text Corp. 390,928 14,548,045 
  30,714,066 
TOTAL INFORMATION TECHNOLOGY  54,671,462 
MATERIALS - 11.4%   
Chemicals - 3.9%   
Nutrien Ltd. 784,581 42,611,099 
Containers & Packaging - 1.2%   
CCL Industries, Inc. Class B 271,500 13,774,840 
Metals & Mining - 5.7%   
Franco-Nevada Corp. 443,200 32,509,624 
Lundin Mining Corp. 1,694,600 9,379,344 
Wheaton Precious Metals Corp. 998,900 20,932,478 
  62,821,446 
Paper & Forest Products - 0.6%   
Western Forest Products, Inc. 3,717,600 6,915,933 
TOTAL MATERIALS  126,123,318 
REAL ESTATE - 0.8%   
Equity Real Estate Investment Trusts (REITs) - 0.8%   
Allied Properties (REIT) 252,800 8,249,498 
TELECOMMUNICATION SERVICES - 7.2%   
Diversified Telecommunication Services - 4.2%   
TELUS Corp. 1,288,700 47,105,881 
Wireless Telecommunication Services - 3.0%   
Rogers Communications, Inc. Class B (non-vtg.) 644,000 32,832,440 
TOTAL TELECOMMUNICATION SERVICES  79,938,321 
TOTAL COMMON STOCKS   
(Cost $763,554,502)  1,076,649,784 
Money Market Funds - 4.2%   
Fidelity Cash Central Fund, 1.96% (d) 22,811,226 22,815,788 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 24,143,716 24,146,130 
TOTAL MONEY MARKET FUNDS   
(Cost $46,961,918)  46,961,918 
TOTAL INVESTMENT IN SECURITIES - 101.6%   
(Cost $810,516,420)  1,123,611,702 
NET OTHER ASSETS (LIABILITIES) - (1.6)%  (17,815,166) 
NET ASSETS - 100%  $1,105,796,536 

Legend

 (a) Non-income producing

 (b) 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 $13,577,426 or 1.2% of net assets.

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

 (d) 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.

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

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 $280,624 
Fidelity Securities Lending Cash Central Fund 139,436 
Total $420,060 

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

Investment Valuation

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. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Worldwide Fund

July 31, 2018







WLD-QTLY-0918
1.804829.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.2%   
 Shares Value 
Australia - 0.4%   
Bapcor Ltd. (a) 703,398 $3,647,675 
Blue Sky Alternative Investments Ltd. 254,244 364,559 
BWX Ltd. 133,709 561,266 
Inghams Group Ltd. (a) 513,123 1,399,095 
Magellan Financial Group Ltd. 81,493 1,494,256 
National Storage (REIT) unit 796,515 1,011,928 
Rio Tinto Ltd. 12,098 729,843 
TOTAL AUSTRALIA  9,208,622 
Austria - 0.5%   
Erste Group Bank AG 139,300 6,020,431 
Wienerberger AG 209,200 5,132,296 
TOTAL AUSTRIA  11,152,727 
Bailiwick of Jersey - 0.3%   
Glencore Xstrata PLC 1,002,568 4,401,754 
Wizz Air Holdings PLC (b)(c) 19,000 864,367 
TOTAL BAILIWICK OF JERSEY  5,266,121 
Belgium - 0.4%   
KBC Groep NV 104,264 8,017,532 
Bermuda - 0.2%   
Hiscox Ltd. 219,272 4,599,131 
Canada - 1.1%   
Cenovus Energy, Inc. 228,100 2,288,277 
Constellation Software, Inc. 5,300 3,842,149 
Franco-Nevada Corp. 63,000 4,621,178 
Shopify, Inc. (a)(b) 48,000 6,634,080 
Suncor Energy, Inc. 157,600 6,636,682 
TOTAL CANADA  24,022,366 
Cayman Islands - 0.8%   
Alibaba Group Holding Ltd. sponsored ADR (b) 38,500 7,208,355 
China Literature Ltd. (b)(c) 205,200 1,716,307 
ENN Energy Holdings Ltd. 268,000 2,726,419 
Geely Automobile Holdings Ltd. 791,000 1,803,900 
New Oriental Education & Technology Group, Inc. sponsored ADR 23,600 2,030,544 
Tencent Holdings Ltd. 11,000 500,658 
ZTO Express (Cayman), Inc. sponsored ADR 102,100 2,024,643 
TOTAL CAYMAN ISLANDS  18,010,826 
China - 0.8%   
Hangzhou Tigermed Consulting Co. Ltd. Class A 184,814 1,628,214 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 242,604 4,570,614 
Kweichow Moutai Co. Ltd. (A Shares) 48,500 5,171,568 
Qingdao Port International Co. Ltd. (c) 876,000 638,386 
Shanghai International Airport Co. Ltd. (A Shares) 456,329 4,037,012 
TOTAL CHINA  16,045,794 
Denmark - 0.6%   
Ascendis Pharma A/S sponsored ADR (b) 28,800 1,956,672 
Netcompany Group A/S 62,800 2,284,335 
NNIT A/S (c) 130,514 3,387,500 
Novo Nordisk A/S Series B 57,480 2,859,475 
Novozymes A/S Series B 25,100 1,321,457 
TOTAL DENMARK  11,809,439 
Finland - 0.2%   
Sampo Oyj (A Shares) 61,800 3,140,673 
France - 3.2%   
Accor SA 78,700 4,056,587 
ALTEN 25,200 2,503,274 
Altran Technologies SA 112,500 1,072,806 
Atos Origin SA (a) 17,717 2,379,390 
Capgemini SA 38,400 4,930,354 
Cegedim SA (b) 39,210 1,513,057 
Elis SA 77,700 1,786,278 
LVMH Moet Hennessy - Louis Vuitton SA 18,939 6,600,016 
Rexel SA 157,900 2,471,411 
Sartorius Stedim Biotech 21,500 2,559,356 
SMCP S.A.S. (c) 47,694 1,384,793 
Societe Generale Series A 112,500 5,017,272 
Thales SA 33,100 4,352,432 
Total SA (a) 297,652 19,414,459 
VINCI SA 89,300 8,980,374 
TOTAL FRANCE  69,021,859 
Germany - 3.8%   
adidas AG 34,569 7,646,060 
Akasol AG 24,200 1,499,808 
Aumann AG (c) 10,915 761,978 
Deutsche Borse AG 9,362 1,233,785 
Deutsche Post AG 174,675 6,170,499 
Fresenius SE & Co. KGaA 74,300 5,735,996 
JOST Werke AG (c) 14,800 640,336 
Linde AG 22,300 5,504,750 
MTU Aero Engines Holdings AG 29,700 6,286,075 
Muenchener Rueckversicherungs AG 8,000 1,772,761 
Nexus AG 46,000 1,425,438 
Rational AG 3,362 2,303,774 
Rheinmetall AG 23,000 2,778,259 
SAP SE 99,184 11,543,632 
Scout24 AG (c) 42,700 2,221,940 
Vonovia SE 54,000 2,614,830 
WashTec AG 57,400 5,013,916 
Wirecard AG 87,200 16,289,279 
TOTAL GERMANY  81,443,116 
Greece - 0.0%   
Ff Group (b)(d) 59,300 332,844 
Hong Kong - 0.3%   
AIA Group Ltd. 673,600 5,878,622 
Techtronic Industries Co. Ltd. 231,000 1,286,105 
TOTAL HONG KONG  7,164,727 
India - 1.8%   
Avenue Supermarts Ltd. (b)(c) 1,642 39,692 
HDFC Asset Management Co. Ltd. (b) 795 12,774 
HDFC Bank Ltd. 139,262 4,405,250 
HDFC Bank Ltd. sponsored ADR 72,293 7,470,759 
Housing Development Finance Corp. Ltd. 279,394 8,141,238 
Kajaria Ceramics Ltd. 158,300 1,026,430 
Kotak Mahindra Bank Ltd. 95,387 1,820,866 
Lupin Ltd. 1,335 16,076 
Petronet LNG Ltd. 196,298 657,051 
PNB Housing Finance Ltd. (c) 38,051 719,056 
PVR Ltd. (b) 28,483 459,073 
Reliance Industries Ltd. 361,192 6,257,285 
Sunteck Realty Ltd. (b) 304,120 1,828,007 
TCNS Clothing Co. Ltd. (b) 32,018 308,347 
V-Mart Retail Ltd. (b) 165,603 5,865,409 
TOTAL INDIA  39,027,313 
Indonesia - 0.2%   
PT Bank Central Asia Tbk 393,100 634,494 
PT Bank Rakyat Indonesia Tbk 12,245,400 2,607,030 
PT Kino Indonesia Tbk 234,500 27,564 
TOTAL INDONESIA  3,269,088 
Ireland - 2.0%   
Accenture PLC Class A 44,000 7,010,520 
Cairn Homes PLC (b) 2,372,439 4,716,160 
CRH PLC 163,865 5,604,642 
Dalata Hotel Group PLC (b) 371,300 2,952,422 
DCC PLC (United Kingdom) 25,400 2,350,383 
Glenveagh Properties PLC (c) 593,324 777,060 
Glenveagh Properties PLC rights 8/9/18 (b) 74,370 
Green REIT PLC 621,300 1,094,135 
Greencore Group PLC 372,815 867,597 
James Hardie Industries PLC CDI 234,044 3,738,484 
Jazz Pharmaceuticals PLC (b) 15,000 2,596,200 
Kerry Group PLC Class A 36,000 3,818,162 
Ryanair Holdings PLC sponsored ADR (b) 27,070 2,853,178 
United Drug PLC (United Kingdom) 282,800 3,117,989 
TOTAL IRELAND  41,496,933 
Israel - 0.3%   
Frutarom Industries Ltd. 63,679 6,428,246 
Italy - 0.6%   
Intesa Sanpaolo SpA 1,776,700 5,444,944 
Prada SpA 513,600 2,443,985 
Recordati SpA 110,465 4,130,928 
TOTAL ITALY  12,019,857 
Japan - 5.8%   
A/S One Corp. 74,600 5,210,625 
AEON Financial Service Co. Ltd. 121,600 2,504,537 
Ain Holdings, Inc. 43,700 3,243,840 
Daiichikosho Co. Ltd. 53,400 2,531,145 
Daito Trust Construction Co. Ltd. 10,900 1,819,510 
Hoya Corp. 112,500 6,741,045 
Keyence Corp. 8,720 4,594,153 
Mercari, Inc. (b) 1,700 71,609 
Minebea Mitsumi, Inc. 242,500 4,352,178 
Misumi Group, Inc. 64,700 1,644,479 
Mitsubishi UFJ Financial Group, Inc. 809,000 4,964,725 
Monex Group, Inc. (a) 297,500 1,479,319 
Morinaga & Co. Ltd. 37,000 1,714,081 
Nidec Corp. 26,200 3,791,227 
Nintendo Co. Ltd. 9,800 3,314,233 
Nitori Holdings Co. Ltd. 38,100 5,746,604 
ORIX Corp. 438,200 7,093,342 
PALTAC Corp. 40,000 2,110,629 
Panasonic Corp. 481,600 6,188,132 
Recruit Holdings Co. Ltd. 48,000 1,315,271 
Relo Group, Inc. 199,700 5,402,607 
Renesas Electronics Corp. (b) 343,400 3,058,860 
Shiseido Co. Ltd. 46,900 3,455,147 
SMC Corp. 18,000 6,033,538 
SoftBank Corp. 64,300 5,370,479 
Sony Corp. 162,500 8,733,863 
Start Today Co. Ltd. 145,100 5,820,091 
Sundrug Co. Ltd. 64,700 2,586,496 
Tateru, Inc. (a) 79,600 1,325,540 
Tsuruha Holdings, Inc. 36,900 4,534,329 
VT Holdings Co. Ltd. 206,200 1,047,459 
Welcia Holdings Co. Ltd. 127,400 6,460,296 
TOTAL JAPAN  124,259,389 
Kenya - 0.1%   
Safaricom Ltd. 6,251,600 1,742,606 
Korea (South) - 0.3%   
Cafe24 Corp. (b) 28,437 4,086,253 
Hyundai Fire & Marine Insurance Co. Ltd. 21,488 707,280 
KB Financial Group, Inc. 28,328 1,367,876 
TOTAL KOREA (SOUTH)  6,161,409 
Netherlands - 2.1%   
Adyen BV (c) 10,568 6,752,242 
ASML Holding NV (Netherlands) 42,300 9,059,323 
Basic-Fit NV (b)(c) 37,100 1,210,382 
IMCD Group BV 59,700 4,338,704 
Instone Real Estate Group BV (c) 68,600 1,764,783 
Interxion Holding N.V. (b) 13,000 843,440 
Koninklijke Philips Electronics NV 195,463 8,580,739 
NIBC Holding NV (b) 24,484 229,616 
Unilever NV (Certificaten Van Aandelen) (Bearer) 193,627 11,170,527 
uniQure B.V. (b) 42,200 1,303,558 
Van Lanschot NV (Bearer) 17,200 474,663 
TOTAL NETHERLANDS  45,727,977 
New Zealand - 0.5%   
EBOS Group Ltd. 210,137 2,893,233 
Fisher & Paykel Healthcare Corp. 265,683 2,680,125 
Ryman Healthcare Group Ltd. 528,375 4,382,909 
TOTAL NEW ZEALAND  9,956,267 
Norway - 0.8%   
Equinor ASA (a) 675,080 17,926,763 
Philippines - 0.2%   
D&L Industries, Inc. 8,349,900 1,603,357 
SM Investments Corp. 153,135 2,744,096 
TOTAL PHILIPPINES  4,347,453 
South Africa - 0.6%   
Clicks Group Ltd. 172,205 2,527,461 
Distell Group Holdings Ltd. (b) 126,410 1,233,620 
FirstRand Ltd. 337,500 1,775,479 
Naspers Ltd. Class N 17,100 4,210,230 
PSG Group Ltd. 127,900 2,263,201 
Remgro Ltd. 95,000 1,566,824 
TOTAL SOUTH AFRICA  13,576,815 
Spain - 1.6%   
Aedas Homes SAU (c) 32,625 1,155,946 
Amadeus IT Holding SA Class A 43,200 3,687,662 
CaixaBank SA 2,370,884 10,908,148 
Grifols SA ADR 245,073 5,092,617 
Masmovil Ibercom SA (b) 40,341 4,561,605 
Neinor Homes SLU (b)(c) 66,100 1,252,163 
Prosegur Cash SA (c) 1,514,100 4,072,180 
Zardoya Otis SA 328,900 3,146,022 
TOTAL SPAIN  33,876,343 
Sweden - 0.7%   
ASSA ABLOY AB (B Shares) 231,400 4,567,950 
HEXPOL AB (B Shares) 118,900 1,277,848 
Indutrade AB 125,300 3,294,612 
Saab AB (B Shares) 60,700 2,799,271 
Svenska Cellulosa AB (SCA) (B Shares) 295,500 3,060,205 
TOTAL SWEDEN  14,999,886 
Switzerland - 2.7%   
Credit Suisse Group AG 505,138 8,123,895 
EDAG Engineering Group AG 77,800 1,592,070 
Forbo Holding AG (Reg.) 1,310 2,075,837 
Julius Baer Group Ltd. 69,210 3,796,837 
Kaba Holding AG (B Shares) (Reg.) 2,620 1,680,250 
Lonza Group AG 18,382 5,667,853 
Partners Group Holding AG 7,948 6,040,368 
Roche Holding AG (participation certificate) 53,449 13,129,560 
Schindler Holding AG (participation certificate) 12,528 2,920,227 
Swatch Group AG (Bearer) 18,920 8,501,245 
UBS Group AG 285,680 4,707,235 
TOTAL SWITZERLAND  58,235,377 
United Kingdom - 4.5%   
Anglo American PLC (United Kingdom) 91,781 2,087,455 
AstraZeneca PLC (United Kingdom) 170,492 13,123,839 
Barclays PLC 3,920 9,972 
BCA Marketplace PLC 511,600 1,581,384 
BHP Billiton PLC 257,581 5,927,901 
British American Tobacco PLC:   
(United Kingdom) 112,718 6,196,370 
sponsored ADR 27,000 1,479,060 
Bunzl PLC 149,776 4,452,729 
Clipper Logistics PLC 168,521 736,570 
Compass Group PLC 205,442 4,420,959 
Conviviality PLC (d) 367,080 
Cranswick PLC 104,156 4,475,884 
Dechra Pharmaceuticals PLC 90,099 3,531,227 
Hilton Food Group PLC 374,800 4,702,982 
Indivior PLC (b) 256,800 1,030,738 
JTC PLC (b) 342,900 1,741,784 
LivaNova PLC (b) 49,800 5,484,474 
London Stock Exchange Group PLC 74,781 4,315,823 
Melrose Industries PLC 1,533,426 4,345,416 
Micro Focus International PLC 219,930 3,588,696 
Moneysupermarket.com Group PLC 6,223 25,656 
NCC Group Ltd. 584,200 1,685,408 
Reckitt Benckiser Group PLC 22,353 1,992,785 
Rex Bionics PLC (b)(d) 100,000 2,297 
Rio Tinto PLC 74,713 4,101,813 
Senior Engineering Group PLC 457,700 1,905,592 
St. James's Place Capital PLC 141,383 2,237,074 
Standard Chartered PLC (United Kingdom) 698,640 6,308,960 
Tesco PLC 64,717 221,009 
The Weir Group PLC 150,454 3,847,867 
TOTAL UNITED KINGDOM  95,561,729 
United States of America - 55.8%   
Acceleron Pharma, Inc. (b) 15,000 653,400 
Activision Blizzard, Inc. 29,000 2,129,180 
Adobe Systems, Inc. (b) 256,124 62,668,420 
Akcea Therapeutics, Inc. 1,500 47,430 
Align Technology, Inc. (b) 6,000 2,139,900 
Alphabet, Inc. Class A (b) 52,500 64,429,050 
Amazon.com, Inc. (b) 27,000 47,990,880 
American Tower Corp. 14,000 2,075,360 
Amphenol Corp. Class A 19,000 1,776,690 
Atara Biotherapeutics, Inc. (b) 25,000 938,750 
Bank of America Corp. 867,000 26,772,960 
Baxter International, Inc. 69,000 4,999,050 
Berry Petroleum Corp. 125,000 1,718,750 
bluebird bio, Inc. (b) 24,200 3,748,580 
Boston Scientific Corp. (b) 178,159 5,987,924 
Burlington Stores, Inc. (b) 10,000 1,528,100 
Charles Schwab Corp. 901,000 46,005,060 
Cheniere Energy, Inc. (b) 83,000 5,270,500 
Chevron Corp. 132,100 16,680,267 
Cintas Corp. 5,000 1,022,400 
Citrix Systems, Inc. (b) 36,000 3,958,920 
ConocoPhillips Co. 160,600 11,590,502 
CSX Corp. 154,000 10,884,720 
Dollar Tree, Inc. (b) 14,000 1,277,920 
DowDuPont, Inc. 54,000 3,713,580 
Edwards Lifesciences Corp. (b) 36,000 5,128,200 
Electronic Arts, Inc. (b) 16,000 2,060,000 
Eli Lilly & Co. 132,000 13,042,920 
EOG Resources, Inc. 58,000 7,478,520 
Etsy, Inc. (b) 77,000 3,146,220 
Facebook, Inc. Class A (b) 113,500 19,587,830 
FibroGen, Inc. (b) 83,000 5,237,300 
Fortive Corp. 48,000 3,939,840 
G1 Therapeutics, Inc. (b) 22,000 1,129,700 
Haemonetics Corp. (b) 7,000 683,480 
Harris Corp. 6,000 989,700 
HealthSouth Corp. 151 
Humana, Inc. 196,000 61,579,280 
Immunomedics, Inc. (b) 25,000 598,250 
Intercept Pharmaceuticals, Inc. (b) 17,060 1,554,848 
Intuit, Inc. 293,000 59,842,320 
Intuitive Surgical, Inc. (b) 14,700 7,470,393 
Johnson & Johnson 50,000 6,626,000 
Lowe's Companies, Inc. 52,000 5,165,680 
Marriott International, Inc. Class A 204,000 26,079,360 
Marsh & McLennan Companies, Inc. 39,500 3,292,720 
MasterCard, Inc. Class A 276,000 54,648,000 
Microsoft Corp. 616,000 65,345,280 
Mirati Therapeutics, Inc. (b) 20,000 1,228,000 
MongoDB, Inc. Class A (a) 96,000 5,194,560 
MSCI, Inc. 126,700 21,056,273 
Nektar Therapeutics (b) 43,000 2,261,800 
Netflix, Inc. (b) 12,000 4,049,400 
Norfolk Southern Corp. 226,000 38,194,000 
Northrop Grumman Corp. 17,000 5,108,330 
Nutanix, Inc. Class A (b) 40,000 1,955,600 
Occidental Petroleum Corp. 185,000 15,527,050 
OptiNose, Inc. 45,700 929,995 
Parametric Technology Corp. (b) 228,000 20,955,480 
PayPal Holdings, Inc. (b) 410,000 33,677,400 
Phillips 66 Co. 90,000 11,100,600 
Pinduoduo, Inc. ADR 25,200 569,268 
Red Hat, Inc. (b) 49,000 6,920,270 
S&P Global, Inc. 307,092 61,553,520 
Salesforce.com, Inc. (b) 270,000 37,030,500 
Sarepta Therapeutics, Inc. (b) 118,000 13,716,320 
Sherwin-Williams Co. 13,000 5,729,490 
Spark Therapeutics, Inc. (b) 25,000 1,918,000 
Spirit Airlines, Inc. (b) 16,000 695,040 
Square, Inc. (b) 961,000 62,128,650 
Stamps.com, Inc. (b) 10,000 2,610,000 
The AES Corp. 665,000 8,884,400 
Twitter, Inc. (b) 34,000 1,083,580 
Union Pacific Corp. 440,000 65,951,597 
UnitedHealth Group, Inc. 159,000 40,261,980 
Visa, Inc. Class A 105,000 14,357,700 
Whiting Petroleum Corp. (b) 324,000 16,086,600 
Zoetis, Inc. Class A 39,000 3,372,720 
TOTAL UNITED STATES OF AMERICA  1,188,742,408 
TOTAL COMMON STOCKS   
(Cost $1,524,229,866)  1,986,591,636 
Preferred Stocks - 0.3%   
Convertible Preferred Stocks - 0.1%   
Cayman Islands - 0.1%   
China Internet Plus Holdings Ltd. Series A-11 (b)(d)(e) 369,166 1,845,830 
Nonconvertible Preferred Stocks - 0.2%   
Brazil - 0.2%   
Itausa-Investimentos Itau SA (PN) 1,445,132 4,012,010 
TOTAL PREFERRED STOCKS   
(Cost $5,740,060)  5,857,840 
 Principal Amount Value 
Government Obligations - 0.0%   
United States of America - 0.0%   
U.S. Treasury Bills, yield at date of purchase 1.88% to 1.99% 8/16/18 to 11/1/18 (f)   
(Cost $667,971) 670,000  667,978  
 Shares Value 
Money Market Funds - 6.4%   
Fidelity Cash Central Fund, 1.96% (g) 122,965,906 122,990,499 
Fidelity Securities Lending Cash Central Fund 1.97%(g)(h) 12,807,230 12,808,511 
TOTAL MONEY MARKET FUNDS   
(Cost $135,798,859)  135,799,010 
TOTAL INVESTMENT IN SECURITIES - 99.9%   
(Cost $1,666,436,756)  2,128,916,464 
NET OTHER ASSETS (LIABILITIES) - 0.1%  1,900,605 
NET ASSETS - 100%  $2,130,817,069 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
TSE TOPIX Index Contracts (Japan) 150 Sept. 2018 $23,449,448 $(667,865) $(667,865) 

The notional amount of futures purchased as a percentage of Net Assets is 1.1%

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

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under 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 $29,359,111 or 1.4% of net assets.

 (d) Level 3 security

 (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 $1,845,830 or 0.1% of net assets.

 (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 $667,978.

 (g) 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.

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

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
China Internet Plus Holdings Ltd. Series A-11 1/26/15 $1,166,878 

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $822,624 
Fidelity Securities Lending Cash Central Fund 165,745 
Total $988,369 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $198,702,087 $175,001,402 $21,522,011 $2,178,674 
Consumer Staples 72,409,758 49,373,915 23,035,838 
Energy 136,914,556 117,500,097 19,414,459 -- 
Financials 308,177,114 261,118,875 47,058,239 -- 
Health Care 295,036,111 257,340,201 37,693,613 2,297 
Industrials 237,376,378 220,970,480 16,405,898 -- 
Information Technology 634,693,957 606,687,415 28,006,542 -- 
Materials 64,984,299 49,349,943 15,634,356 -- 
Real Estate 20,869,707 20,869,706 -- 
Telecommunication Services 11,674,690 6,304,211 5,370,479 -- 
Utilities 11,610,819 11,610,819 -- -- 
Government Obligations 667,978 -- 667,978 -- 
Money Market Funds 135,799,010 135,799,010 -- -- 
Total Investments in Securities: $2,128,916,464 $1,911,926,074 $214,809,414 $2,180,976 
Derivative Instruments:     
Liabilities     
Futures Contracts $(667,865) $(667,865) $-- $-- 
Total Liabilities $(667,865) $(667,865) $-- $-- 
Total Derivative Instruments: $(667,865) $(667,865) $-- $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $20,935,751 
Level 2 to Level 1 $79,671,366 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

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

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

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

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

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Emerging Markets Fund

July 31, 2018







EMF-QTLY-0918
1.804872.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.0%   
 Shares Value 
Belgium - 0.6%   
Umicore SA 507,938 $29,697,865 
Bermuda - 0.9%   
Credicorp Ltd. (United States) 198,832 45,486,797 
Brazil - 4.8%   
CVC Brasil Operadora e Agencia de Viagens SA 2,352,400 27,639,901 
Equatorial Energia SA 1,767,100 28,837,257 
Hapvida Participacoes e Investimentos SA 3,640,900 27,316,693 
IRB Brasil Resseguros SA 2,170,100 30,875,054 
Localiza Rent A Car SA 4,340,200 27,463,765 
Lojas Renner SA 3,678,100 30,261,298 
Notre Dame Intermedica Participacoes SA 4,829,400 31,524,339 
Suzano Papel e Celulose SA 2,746,800 32,603,293 
TOTAL BRAZIL  236,521,600 
Cayman Islands - 18.1%   
Alibaba Group Holding Ltd. sponsored ADR (a) 1,234,400 231,116,712 
Baidu.com, Inc. sponsored ADR (a) 369,000 91,209,420 
Baozun, Inc. sponsored ADR (a)(b) 499,800 28,913,430 
Geely Automobile Holdings Ltd. 14,439,000 32,928,584 
JD.com, Inc. sponsored ADR (a) 1,381,600 49,544,176 
New Oriental Education & Technology Group, Inc. sponsored ADR 425,883 36,642,973 
Sands China Ltd. 4,882,200 25,129,268 
Shenzhou International Group Holdings Ltd. 2,963,000 36,334,174 
Sunny Optical Technology Group Co. Ltd. 2,016,100 33,263,255 
TAL Education Group ADR (a) 1,048,600 33,544,714 
Tencent Holdings Ltd. 5,937,800 270,255,392 
ZTO Express (Cayman), Inc. sponsored ADR 1,250,340 24,794,242 
TOTAL CAYMAN ISLANDS  893,676,340 
Chile - 0.6%   
Banco Santander Chile sponsored ADR 953,900 31,297,459 
China - 9.2%   
China International Travel Service Corp. Ltd. (A Shares) 2,509,200 25,866,560 
Gree Electric Appliances, Inc. of Zhuhai Class A 3,617,935 23,456,807 
Han's Laser Technology Industry Group Co. Ltd. 3,472,700 24,564,330 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 5,051,460 25,640,273 
Inner Mongoli Yili Industries Co. Ltd. (A Shares) 6,454,397 25,049,431 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 2,343,200 23,687,552 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 1,488,267 28,038,673 
Kweichow Moutai Co. Ltd. (A Shares) 246,279 26,260,795 
Midea Group Co. Ltd. Class A 3,715,948 25,968,600 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 7,627,500 70,745,122 
Shanghai International Airport Co. Ltd. (A Shares) 3,248,984 28,742,828 
Shenzhen Inovance Technology Co. Ltd. Class A 5,890,944 23,078,852 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 6,915,080 22,117,456 
Wuliangye Yibin Co. Ltd. Class A 2,504,000 26,518,649 
Xiaomi Corp. Class B 12,483,400 27,991,647 
Yunnan Baiyao Group Co. Ltd. 1,750,827 25,599,230 
TOTAL CHINA  453,326,805 
France - 1.7%   
Kering SA 50,075 26,701,172 
LVMH Moet Hennessy - Louis Vuitton SA 82,558 28,770,479 
Pernod Ricard SA 169,300 27,310,093 
TOTAL FRANCE  82,781,744 
Germany - 1.1%   
adidas AG 116,143 25,688,805 
Wirecard AG 164,600 30,747,883 
TOTAL GERMANY  56,436,688 
Hong Kong - 2.4%   
AIA Group Ltd. 3,529,600 30,803,422 
CSPC Pharmaceutical Group Ltd. 13,900,000 36,303,757 
Galaxy Entertainment Group Ltd. 3,296,000 26,476,172 
Techtronic Industries Co. Ltd. 4,696,500 26,148,012 
TOTAL HONG KONG  119,731,363 
India - 12.9%   
Adani Ports & Special Economic Zone Ltd. 5,668,227 33,097,776 
Asian Paints Ltd. 1,833,445 38,870,320 
Edelweiss Financial Services Ltd. 5,852,795 26,455,557 
Eicher Motors Ltd. 77,102 31,307,680 
Godrej Consumer Products Ltd. 1,873,264 36,034,200 
HDFC Bank Ltd. 920,397 29,114,755 
Housing Development Finance Corp. Ltd. 2,429,446 70,791,416 
Indraprastha Gas Ltd. 6,770,761 30,060,952 
IndusInd Bank Ltd. 1,082,222 31,539,515 
Kotak Mahindra Bank Ltd.  1,567,148 29,915,679 
Larsen & Toubro Ltd. 1,861,494 35,410,804 
Maruti Suzuki India Ltd. 311,295 43,290,967 
Motherson Sumi Systems Ltd. 6,438,109 30,290,898 
Pidilite Industries Ltd. (a) 1,677,927 27,535,307 
Reliance Industries Ltd. 4,572,418 79,212,500 
Titan Co. Ltd. 2,396,781 31,941,326 
Ultratech Cemco Ltd. 542,166 33,212,617 
TOTAL INDIA  638,082,269 
Indonesia - 1.6%   
PT Bank Central Asia Tbk 25,588,900 41,302,472 
PT Bank Rakyat Indonesia Tbk 176,062,100 37,483,401 
TOTAL INDONESIA  78,785,873 
Ireland - 0.6%   
Accenture PLC Class A 182,800 29,125,524 
Japan - 1.0%   
Keyence Corp. 49,200 25,921,138 
Misumi Group, Inc. 989,800 25,157,730 
TOTAL JAPAN  51,078,868 
Kenya - 0.6%   
Safaricom Ltd. 98,057,300 27,333,045 
Korea (South) - 6.5%   
LG Chemical Ltd. 134,127 45,171,962 
LG Household & Health Care Ltd. 32,430 35,241,452 
Samsung Electronics Co. Ltd. 5,830,127 242,164,920 
TOTAL KOREA (SOUTH)  322,578,334 
Mexico - 2.7%   
Embotelladoras Arca S.A.B. de CV 4,264,300 28,307,022 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 3,070,857 29,018,489 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 1,751,720 31,165,395 
Wal-Mart de Mexico SA de CV Series V 14,995,000 43,791,651 
TOTAL MEXICO  132,282,557 
Netherlands - 1.2%   
ASML Holding NV (Netherlands) 140,800 30,154,910 
Yandex NV Series A (a) 818,200 29,422,472 
TOTAL NETHERLANDS  59,577,382 
Philippines - 2.7%   
Ayala Corp. 1,703,545 32,101,131 
Ayala Land, Inc. 41,337,600 31,852,135 
SM Investments Corp. 1,849,493 33,141,910 
SM Prime Holdings, Inc. 49,659,800 35,360,887 
TOTAL PHILIPPINES  132,456,063 
Russia - 2.7%   
Alrosa Co. Ltd. 19,286,500 30,031,665 
NOVATEK OAO GDR (Reg. S) 259,922 41,353,590 
Sberbank of Russia 18,149,410 62,196,494 
TOTAL RUSSIA  133,581,749 
South Africa - 5.4%   
Capitec Bank Holdings Ltd. 441,200 31,882,668 
Discovery Ltd. 2,516,185 32,485,396 
FirstRand Ltd. 8,333,700 43,840,926 
Mondi Ltd. 1,074,666 29,469,558 
Naspers Ltd. Class N 530,712 130,667,804 
TOTAL SOUTH AFRICA  268,346,352 
Spain - 0.6%   
Amadeus IT Holding SA Class A 350,400 29,911,038 
Sweden - 0.6%   
Hexagon AB (B Shares) 469,400 28,624,327 
Switzerland - 0.6%   
Sika AG 212,520 30,241,951 
Taiwan - 5.4%   
Formosa Chemicals & Fibre Corp. 6,140,000 24,193,780 
Formosa Plastics Corp. 7,218,000 26,553,252 
Taiwan Semiconductor Manufacturing Co. Ltd. 27,298,000 218,502,499 
TOTAL TAIWAN  269,249,531 
Thailand - 1.4%   
Airports of Thailand PCL (For. Reg.) 17,110,100 34,071,059 
C.P. ALL PCL (For. Reg.) 15,350,000 34,603,246 
TOTAL THAILAND  68,674,305 
United Kingdom - 1.1%   
NMC Health PLC 577,500 28,773,590 
Prudential PLC 1,136,941 26,824,462 
TOTAL UNITED KINGDOM  55,598,052 
United States of America - 9.0%   
A.O. Smith Corp. 441,100 26,258,683 
Alphabet, Inc. Class A (a) 23,760 29,158,747 
Amphenol Corp. Class A 316,100 29,558,511 
Estee Lauder Companies, Inc. Class A 183,200 24,721,008 
Hilton Worldwide Holdings, Inc. 323,500 25,446,510 
Marriott International, Inc. Class A 196,400 25,107,776 
MasterCard, Inc. Class A 133,300 26,393,400 
MercadoLibre, Inc. 76,800 26,335,488 
Moody's Corp. 161,600 27,652,992 
MSCI, Inc. 163,100 27,105,589 
NVIDIA Corp. 105,200 25,759,272 
S&P Global, Inc. 138,400 27,740,896 
Sherwin-Williams Co. 70,400 31,027,392 
TransDigm Group, Inc. 74,300 27,902,622 
Visa, Inc. Class A 216,500 29,604,210 
Yum China Holdings, Inc. 1,007,800 36,361,424 
TOTAL UNITED STATES OF AMERICA  446,134,520 
TOTAL COMMON STOCKS   
(Cost $3,426,657,114)  4,750,618,401 
Nonconvertible Preferred Stocks - 1.3%   
Brazil - 1.3%   
Itau Unibanco Holding SA   
(Cost $43,570,593) 5,255,810 63,014,267 
Money Market Funds - 2.2%   
Fidelity Cash Central Fund, 1.96% (c) 91,464,171 91,482,464 
Fidelity Securities Lending Cash Central Fund 1.97% (c)(d) 17,760,590 17,762,366 
TOTAL MONEY MARKET FUNDS   
(Cost $109,244,830)  109,244,830 
TOTAL INVESTMENT IN SECURITIES - 99.5%   
(Cost $3,579,472,537)  4,922,877,498 
NET OTHER ASSETS (LIABILITIES) - 0.5%  25,981,794 
NET ASSETS - 100%  $4,948,859,292 

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

Legend

 (a) Non-income producing

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

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

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 $661,634 
Fidelity Securities Lending Cash Central Fund 264,309 
Total $925,943 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $829,002,642 $800,232,163 $28,770,479 $-- 
Consumer Staples 335,876,220 335,876,220 -- -- 
Energy 120,566,090 120,566,090 -- -- 
Financials 877,972,163 759,836,452 118,135,711 -- 
Health Care 168,005,924 168,005,924 -- -- 
Industrials 410,381,923 410,381,923 -- -- 
Information Technology 1,539,774,468 1,020,861,667 518,912,801 -- 
Materials 378,608,962 378,608,962 -- -- 
Real Estate 67,213,022 67,213,022 -- -- 
Telecommunication Services 27,333,045 27,333,045 -- -- 
Utilities 58,898,209 58,898,209 -- -- 
Money Market Funds 109,244,830 109,244,830 -- -- 
Total Investments in Securities: $4,922,877,498 $4,257,058,507 $665,818,991 $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Diversified International Fund

July 31, 2018







DIF-QTLY-0918
1.804871.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%   
 Shares Value 
Australia - 1.1%   
Amcor Ltd. 4,500,980 $50,394,127 
Bapcor Ltd. 734,775 3,810,390 
CSL Ltd. 519,710 75,914,767 
Magellan Financial Group Ltd. 2,689,990 49,323,673 
TOTAL AUSTRALIA  179,442,957 
Bailiwick of Jersey - 1.9%   
Glencore Xstrata PLC 11,689,345 51,321,832 
Shire PLC 1,876,787 106,890,836 
Wolseley PLC 2,019,395 159,298,470 
TOTAL BAILIWICK OF JERSEY  317,511,138 
Belgium - 1.1%   
KBC Groep NV 1,930,828 148,473,831 
Umicore SA 463,507 27,100,096 
TOTAL BELGIUM  175,573,927 
Bermuda - 1.3%   
Credicorp Ltd. (United States) 324,300 74,190,111 
Hiscox Ltd. 3,652,900 76,617,930 
IHS Markit Ltd. (a) 1,049,900 55,676,197 
TOTAL BERMUDA  206,484,238 
Canada - 3.6%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 3,605,581 165,609,767 
CCL Industries, Inc. Class B 336,600 17,077,757 
Cenovus Energy, Inc. 9,259,603 92,891,432 
Constellation Software, Inc. 51,351 37,226,070 
Fairfax India Holdings Corp. (a)(b) 4,175,000 67,217,500 
PrairieSky Royalty Ltd. 698,398 13,250,154 
Suncor Energy, Inc. 4,676,300 196,923,330 
TOTAL CANADA  590,196,010 
Cayman Islands - 1.2%   
Alibaba Group Holding Ltd. sponsored ADR (a) 466,000 87,249,180 
Ascletis Pharma, Inc. (a) 11,591,000 20,674,349 
ENN Energy Holdings Ltd. 2,901,000 29,512,470 
NetEase, Inc. ADR 141,200 36,429,600 
Shenzhou International Group Holdings Ltd. 685,000 8,399,902 
Zai Lab Ltd. ADR 538,827 11,811,088 
ZTO Express (Cayman), Inc. sponsored ADR 476,200 9,443,046 
TOTAL CAYMAN ISLANDS  203,519,635 
China - 1.0%   
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 1,562,080 15,791,162 
Kweichow Moutai Co. Ltd. (A Shares) 484,010 51,610,114 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 3,627,000 33,640,453 
Shanghai International Airport Co. Ltd. (A Shares) 4,446,338 39,335,475 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 5,545,560 17,737,131 
TOTAL CHINA  158,114,335 
Curacao - 0.3%   
Schlumberger Ltd. 725,300 48,972,256 
Denmark - 0.4%   
Netcompany Group A/S 535,765 19,488,325 
NNIT A/S (b) 287,600 7,464,679 
Novozymes A/S Series B 833,700 43,892,374 
SimCorp A/S 24,972 2,131,763 
TOTAL DENMARK  72,977,141 
Finland - 0.4%   
Sampo Oyj (A Shares) 1,268,600 64,470,190 
France - 7.5%   
Aeroports de Paris 259,400 58,057,245 
Amundi SA (b) 1,648,413 113,803,836 
BNP Paribas SA 2,179,700 141,893,489 
Capgemini SA 830,600 106,644,580 
Compagnie de St. Gobain 380,100 16,923,193 
Danone SA 216,900 17,029,316 
Eiffage SA 294,400 32,952,246 
Elis SA 2,285,100 52,533,126 
Kering SA 99,185 52,887,783 
LVMH Moet Hennessy - Louis Vuitton SA 480,338 167,392,070 
Maisons du Monde SA (b) 562,606 17,210,228 
Sanofi SA 2,097,432 182,468,846 
Societe Generale Series A 1,687,300 75,250,164 
SR Teleperformance SA 207,500 38,045,972 
Thales SA 374,000 49,178,535 
VINCI SA 1,089,500 109,564,587 
TOTAL FRANCE  1,231,835,216 
Germany - 7.2%   
adidas AG 408,102 90,265,042 
Allianz SE 76,600 16,948,107 
Aumann AG (b) 301,600 21,054,755 
Axel Springer Verlag AG 647,303 48,367,429 
Bayer AG 1,367,876 152,281,767 
Deutsche Borse AG 305,800 40,300,299 
Deutsche Post AG 2,260,319 79,847,122 
Fresenius SE & Co. KGaA 1,524,200 117,668,983 
Hannover Reuck SE 362,800 48,363,381 
Linde AG 495,000 122,190,644 
Merck KGaA 85,212 8,756,596 
Morphosys AG (a) 112,100 14,733,857 
Morphosys AG sponsored ADR 692,400 22,634,556 
Puma AG 8,726 4,377,408 
Rational AG 28,608 19,603,320 
SAP SE 1,786,289 207,899,077 
Scout24 AG (b) 693,700 36,097,425 
Symrise AG 789,900 71,381,184 
Vonovia SE 993,900 48,127,405 
Wirecard AG 95,300 17,802,389 
TOTAL GERMANY  1,188,700,746 
Hong Kong - 1.9%   
AIA Group Ltd. 23,239,400 202,814,213 
BOC Hong Kong (Holdings) Ltd. 8,870,500 42,945,197 
Techtronic Industries Co. Ltd. 10,893,500 60,650,136 
TOTAL HONG KONG  306,409,546 
India - 4.4%   
Adani Ports & Special Economic Zone Ltd. 5,899,236 34,446,678 
Axis Bank Ltd. 4,220,805 33,934,138 
Future Retail Ltd. 623,777 4,871,037 
Godrej Consumer Products Ltd. 832,727 16,018,378 
HDFC Asset Management Co. Ltd. (a) 127,340 2,046,071 
HDFC Bank Ltd. 6,420,497 203,098,441 
Housing Development Finance Corp. Ltd. 6,630,847 193,215,675 
Kajaria Ceramics Ltd. 1,306,007 8,468,252 
Kotak Mahindra Bank Ltd. 2,387,505 45,575,678 
LIC Housing Finance Ltd. 3,114,373 24,067,471 
Motherson Sumi Systems Ltd. 1,881,915 8,854,292 
Reliance Industries Ltd. 8,261,612 143,124,041 
TOTAL INDIA  717,720,152 
Indonesia - 0.8%   
PT Bank Central Asia Tbk 41,879,900 67,597,411 
PT Bank Rakyat Indonesia Tbk 298,584,400 63,568,246 
TOTAL INDONESIA  131,165,657 
Ireland - 2.9%   
Allergan PLC 117,200 21,575,348 
CRH PLC 2,249,400 76,838,619 
DCC PLC (United Kingdom) 533,889 49,403,298 
Kerry Group PLC Class A 859,100 91,116,185 
Kingspan Group PLC (Ireland) 1,719,000 79,841,675 
Paddy Power Betfair PLC (Ireland) 153,500 16,737,930 
Ryanair Holdings PLC sponsored ADR (a) 1,394,499 146,980,195 
TOTAL IRELAND  482,493,250 
Israel - 0.6%   
Check Point Software Technologies Ltd. (a) 705,900 79,533,753 
Frutarom Industries Ltd. 130,149 13,138,237 
TOTAL ISRAEL  92,671,990 
Italy - 0.7%   
Intesa Sanpaolo SpA 26,360,300 80,784,801 
Prada SpA 8,750,600 41,640,060 
TOTAL ITALY  122,424,861 
Japan - 17.2%   
Bandai Namco Holdings, Inc. 613,700 24,506,287 
Daikin Industries Ltd. 936,100 111,892,009 
East Japan Railway Co. 448,100 41,911,760 
GMO Internet, Inc. 846,100 17,941,270 
Hoya Corp. 3,264,900 195,634,128 
Itochu Corp. 1,515,000 26,900,942 
Kao Corp. 1,128,500 82,439,175 
Keyence Corp. 385,120 202,901,392 
Mercari, Inc. (a)(c) 71,900 3,028,654 
Minebea Mitsumi, Inc. 6,745,900 121,069,508 
Misumi Group, Inc. 1,861,000 47,301,006 
Mitsubishi UFJ Financial Group, Inc. 23,946,800 146,958,302 
Morinaga & Co. Ltd. 932,700 43,208,747 
Nabtesco Corp. 657,500 20,316,259 
Nidec Corp. 657,400 95,127,952 
Nintendo Co. Ltd. 40,200 13,595,120 
Nissan Chemical Corp. 358,600 16,076,613 
Nitori Holdings Co. Ltd. 815,100 122,941,122 
Olympus Corp. 1,262,600 51,257,504 
ORIX Corp. 11,508,700 186,296,534 
Outsourcing, Inc. 1,314,700 28,254,028 
PALTAC Corp. 578,800 30,540,804 
Panasonic Corp. 3,488,000 44,817,704 
Recruit Holdings Co. Ltd. 5,279,000 144,652,369 
Renesas Electronics Corp. (a) 7,192,500 64,067,701 
Seria Co. Ltd. (c) 310,600 14,277,905 
Shin-Etsu Chemical Co. Ltd. 592,200 59,907,907 
Shiseido Co. Ltd. 525,300 38,699,119 
SMC Corp. 205,900 69,016,966 
SoftBank Corp. 1,472,100 122,953,058 
Sony Corp. 2,789,200 149,910,704 
Start Today Co. Ltd. 1,979,800 79,411,555 
Subaru Corp. 1,177,600 34,415,860 
Sundrug Co. Ltd. 661,100 26,428,628 
Suzuki Motor Corp. 1,263,000 74,287,034 
Temp Holdings Co., Ltd. 1,041,600 22,673,652 
Tsubaki Nakashima Co. Ltd. 582,600 13,760,646 
Tsuruha Holdings, Inc. 1,115,900 137,123,517 
Welcia Holdings Co. Ltd. 1,923,100 97,518,016 
TOTAL JAPAN  2,824,021,457 
Korea (South) - 0.4%   
Cafe24 Corp. (a) 107,400 15,432,836 
LG Chemical Ltd. 147,738 49,755,943 
TOTAL KOREA (SOUTH)  65,188,779 
Liberia - 0.1%   
Royal Caribbean Cruises Ltd. 83,700 9,438,012 
Luxembourg - 0.8%   
B&M European Value Retail S.A. 21,033,863 113,938,203 
Samsonite International SA 6,493,200 24,569,603 
TOTAL LUXEMBOURG  138,507,806 
Netherlands - 5.6%   
Adyen BV (b) 38,339 24,496,046 
ASML Holding NV 770,700 164,929,800 
ING Groep NV (Certificaten Van Aandelen) 6,859,700 104,862,605 
Koninklijke Philips Electronics NV 2,446,300 107,391,480 
LyondellBasell Industries NV Class A 506,900 56,159,451 
Philips Lighting NV (b) 518,000 14,367,757 
RELX NV 5,072,799 110,326,779 
Unilever NV (Certificaten Van Aandelen) (Bearer) 3,419,057 197,248,673 
Wolters Kluwer NV 1,878,700 113,269,991 
Yandex NV Series A (a) 850,700 30,591,172 
TOTAL NETHERLANDS  923,643,754 
New Zealand - 0.2%   
Ryman Healthcare Group Ltd. 4,816,028 39,949,299 
Norway - 1.8%   
Equinor ASA 9,447,400 250,875,891 
Schibsted ASA (A Shares) 1,249,400 43,195,528 
TOTAL NORWAY  294,071,419 
South Africa - 0.7%   
Capitec Bank Holdings Ltd. 242,100 17,495,000 
Naspers Ltd. Class N 396,879 97,716,478 
TOTAL SOUTH AFRICA  115,211,478 
Spain - 2.2%   
Aedas Homes SAU (b) 460,353 16,310,908 
Amadeus IT Holding SA Class A 1,743,100 148,795,461 
CaixaBank SA 23,834,800 109,661,008 
Masmovil Ibercom SA (a) 183,980 20,803,749 
Neinor Homes SLU (a)(b) 795,600 15,071,425 
Prosegur Cash SA (b) 18,779,274 50,506,951 
TOTAL SPAIN  361,149,502 
Sweden - 2.3%   
Alfa Laval AB 1,207,600 33,194,425 
ASSA ABLOY AB (B Shares) 4,500,700 88,846,032 
Coor Service Management Holding AB (b) 4,196,300 34,838,126 
Essity AB Class B 1,333,900 33,359,067 
HEXPOL AB (B Shares) 3,192,000 34,305,210 
Indutrade AB 748,700 19,686,162 
Nordea Bank AB 13,135,900 139,710,719 
TOTAL SWEDEN  383,939,741 
Switzerland - 4.4%   
Credit Suisse Group AG 6,588,663 105,962,346 
Julius Baer Group Ltd. 1,272,930 69,832,511 
Lonza Group AG 227,577 70,170,437 
Roche Holding AG (participation certificate) 744,684 182,929,026 
Sika AG 916,886 130,474,410 
Swatch Group AG (Bearer) 126,060 56,642,018 
TE Connectivity Ltd. 272,900 25,535,253 
UBS Group AG 5,256,387 86,611,073 
TOTAL SWITZERLAND  728,157,074 
Taiwan - 1.0%   
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 3,486,800 143,691,028 
United Microelectronics Corp. 27,908,000 15,999,613 
TOTAL TAIWAN  159,690,641 
Thailand - 0.2%   
Kasikornbank PCL (For. Reg.) 6,072,300 41,066,051 
United Kingdom - 15.5%   
Admiral Group PLC 1,584,500 41,199,560 
Aon PLC 231,400 33,217,470 
Ascential PLC 6,597,673 36,371,058 
Ashtead Group PLC 1,077,600 33,111,195 
AstraZeneca PLC (United Kingdom) 2,380,139 183,214,238 
Beazley PLC 2,081,600 15,327,665 
BP PLC sponsored ADR 912,200 41,131,098 
British American Tobacco PLC sponsored ADR 4,635,900 253,954,602 
Bunzl PLC 3,059,970 90,970,636 
Coca-Cola European Partners PLC 1,080,400 44,555,696 
Compass Group PLC 4,548,888 97,888,691 
Cranswick PLC 386,346 16,602,403 
DS Smith PLC 4,973,709 32,902,338 
Essentra PLC 1,972,424 12,457,811 
Halma PLC 1,839,256 33,966,604 
Hastings Group Holdings PLC (b) 13,067,778 42,708,759 
Indivior PLC (a) 12,028,300 48,278,925 
Informa PLC 2,860,593 29,639,376 
ITV PLC (a) 16,689,200 36,111,067 
John Wood Group PLC 4,215,200 35,951,230 
LivaNova PLC (a) 262,800 28,942,164 
Lloyds Banking Group PLC 135,515,600 111,079,202 
London Stock Exchange Group PLC 1,843,400 106,387,819 
Melrose Industries PLC 41,205,752 116,768,672 
Micro Focus International PLC 4,050,595 66,095,372 
Ocado Group PLC (a)(c) 238,900 3,468,064 
Prudential PLC 11,072,281 261,234,289 
Reckitt Benckiser Group PLC 2,042,587 182,097,968 
Spectris PLC 1,640,500 49,847,466 
St. James's Place Capital PLC 7,962,900 125,995,296 
Standard Chartered PLC (United Kingdom) 7,882,757 71,184,007 
Standard Life PLC 16,962,731 69,531,823 
Tesco PLC 36,769,919 125,569,567 
The Weir Group PLC 2,780,600 71,113,947 
TOTAL UNITED KINGDOM  2,548,876,078 
United States of America - 6.8%   
Alphabet, Inc. Class C (a) 108,803 132,441,540 
Amgen, Inc. 572,000 112,426,600 
Becton, Dickinson & Co. 205,500 51,451,035 
Boston Scientific Corp. (a) 2,174,528 73,085,886 
Citigroup, Inc. 1,230,700 88,475,023 
Coty, Inc. Class A 4,388,200 58,845,762 
DowDuPont, Inc. 764,700 52,588,419 
FleetCor Technologies, Inc. (a) 115,600 25,085,200 
MasterCard, Inc. Class A 751,000 148,698,000 
Oceaneering International, Inc. 979,300 26,793,648 
Pinduoduo, Inc. ADR 716,934 16,195,539 
Quintiles Transnational Holdings, Inc. (a) 301,700 36,789,298 
S&P Global, Inc. 542,000 108,638,480 
Valero Energy Corp. 361,100 42,736,185 
Visa, Inc. Class A 1,037,500 141,867,750 
TOTAL UNITED STATES OF AMERICA  1,116,118,365 
TOTAL COMMON STOCKS   
(Cost $12,054,552,857)  16,039,712,701 
Nonconvertible Preferred Stocks - 0.7%   
Germany - 0.7%   
Henkel AG & Co. KGaA 582,000 72,990,243 
Jungheinrich AG 497,700 18,320,903 
Sartorius AG (non-vtg.) 197,584 32,115,234 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $75,589,545)  123,426,380 
Money Market Funds - 1.3%   
Fidelity Cash Central Fund, 1.96% (d) 202,617,181 202,657,704 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 8,716,382 8,717,253 
TOTAL MONEY MARKET FUNDS   
(Cost $211,352,461)  211,374,957 
TOTAL INVESTMENT IN SECURITIES - 99.5%   
(Cost $12,341,494,863)  16,374,514,038 
NET OTHER ASSETS (LIABILITIES) - 0.5%  76,576,912 
NET ASSETS - 100%  $16,451,090,950 

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

Legend

 (a) Non-income producing

 (b) 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 $461,148,395 or 2.8% of net assets.

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

 (d) 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.

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

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 $4,348,312 
Fidelity Securities Lending Cash Central Fund 3,553,558 
Total $7,901,870 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $1,690,260,790 $1,219,437,418 $470,823,372 $-- 
Consumer Staples 1,752,024,943 1,108,941,125 643,083,818 -- 
Energy 892,649,265 892,649,265 -- -- 
Financials 4,044,082,799 2,716,064,653 1,328,018,146 -- 
Health Care 1,990,039,219 1,002,931,173 987,108,046 -- 
Industrials 2,524,534,306 1,799,087,785 725,446,521 -- 
Information Technology 2,113,877,197 1,810,288,015 303,589,182 -- 
Materials 917,962,972 765,139,833 152,823,139 -- 
Real Estate 64,438,313 64,438,313 -- -- 
Telecommunication Services 143,756,807 20,803,749 122,953,058 -- 
Utilities 29,512,470 29,512,470 -- -- 
Money Market Funds 211,374,957 211,374,957 -- -- 
Total Investments in Securities: $16,374,514,038 $11,640,668,756 $4,733,845,282 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $550,071,197 
Level 2 to Level 1 $2,068,649,687 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Capital Appreciation Fund

July 31, 2018







IVF-QTLY-0918
1.804818.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.3%   
 Shares Value 
Australia - 1.9%   
Aristocrat Leisure Ltd. 565,333 $13,524,456 
CSL Ltd. 129,889 18,973,068 
realestate.com.au Ltd. 183,363 11,824,724 
TOTAL AUSTRALIA  44,322,248 
Bailiwick of Jersey - 1.1%   
Experian PLC 540,800 13,302,159 
Wolseley PLC 167,823 13,238,592 
TOTAL BAILIWICK OF JERSEY  26,540,751 
Belgium - 1.2%   
KBC Groep NV 187,120 14,388,865 
Umicore SA 231,335 13,525,579 
TOTAL BELGIUM  27,914,444 
Bermuda - 1.1%   
Credicorp Ltd. (United States) 58,452 13,372,064 
Hiscox Ltd. 613,412 12,866,040 
TOTAL BERMUDA  26,238,104 
Canada - 3.1%   
Canadian National Railway Co. 218,184 19,476,132 
Canadian Pacific Railway Ltd. 76,111 15,094,066 
CCL Industries, Inc. Class B 249,532 12,660,270 
Constellation Software, Inc. 18,409 13,345,304 
Waste Connection, Inc. (Canada) 161,059 12,494,964 
TOTAL CANADA  73,070,736 
Cayman Islands - 6.0%   
Alibaba Group Holding Ltd. sponsored ADR (a) 192,145 35,975,308 
New Oriental Education & Technology Group, Inc. sponsored ADR 154,747 13,314,432 
Sands China Ltd. 2,501,200 12,873,976 
Shenzhou International Group Holdings Ltd. 1,062,000 13,022,914 
Sunny Optical Technology Group Co. Ltd. 713,500 11,771,902 
TAL Education Group ADR (a) 407,500 13,035,925 
Tencent Holdings Ltd. 880,900 40,093,634 
TOTAL CAYMAN ISLANDS  140,088,091 
China - 4.7%   
China International Travel Service Corp. Ltd. (A Shares) 1,106,000 11,401,409 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 2,321,500 11,783,503 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 630,700 11,882,271 
Kweichow Moutai Co. Ltd. (A Shares) 112,300 11,974,579 
Midea Group Co. Ltd. Class A 1,768,800 12,361,115 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 1,883,000 17,464,840 
Shanghai International Airport Co. Ltd. (A Shares) 1,328,800 11,755,512 
Shenzhen Inovance Technology Co. Ltd. Class A 2,866,300 11,229,255 
Yunnan Baiyao Group Co. Ltd. 784,739 11,473,843 
TOTAL CHINA  111,326,327 
Denmark - 1.2%   
DONG Energy A/S (b) 217,500 13,413,390 
DSV de Sammensluttede Vognmaend A/S 167,100 14,012,952 
TOTAL DENMARK  27,426,342 
Finland - 0.6%   
Neste Oyj 168,300 13,898,129 
France - 9.2%   
Aeroports de Paris 57,542 12,878,682 
Air Liquide SA 141,600 18,104,146 
Eiffage SA 113,734 12,730,267 
Hermes International SCA 22,611 14,319,998 
Kering SA 30,196 16,101,220 
L'Oreal SA 75,800 18,569,395 
Legrand SA 185,449 13,627,155 
LVMH Moet Hennessy - Louis Vuitton SA 65,629 22,870,925 
Orpea 84,165 11,578,918 
Pernod Ricard SA 94,785 15,289,942 
Safran SA 131,700 16,332,060 
SR Teleperformance SA 72,494 13,292,071 
Thales SA 97,733 12,851,245 
VINCI SA 174,014 17,499,561 
TOTAL FRANCE  216,045,585 
Germany - 8.2%   
adidas AG 72,511 16,038,168 
Allianz SE 105,156 23,266,255 
CTS Eventim AG 253,760 11,964,325 
Deutsche Borse AG 112,500 14,825,976 
Deutsche Wohnen AG (Bearer) 286,100 13,937,396 
Hannover Reuck SE 100,300 13,370,582 
Infineon Technologies AG 576,300 15,262,024 
Linde AG 70,200 17,328,855 
SAP SE 209,605 24,395,093 
Symrise AG 145,000 13,103,268 
Vonovia SE 298,800 14,468,728 
Wirecard AG 79,711 14,890,307 
TOTAL GERMANY  192,850,977 
Hong Kong - 2.7%   
AIA Group Ltd. 2,763,400 24,116,664 
CSPC Pharmaceutical Group Ltd. 4,807,000 12,554,831 
Galaxy Entertainment Group Ltd. 1,775,000 14,258,254 
Techtronic Industries Co. Ltd. 2,294,000 12,771,966 
TOTAL HONG KONG  63,701,715 
India - 6.4%   
Adani Ports & Special Economic Zone Ltd. 2,136,528 12,475,563 
Asian Paints Ltd. 635,744 13,478,219 
Eicher Motors Ltd. 29,136 11,830,829 
Godrej Consumer Products Ltd. 669,967 12,887,519 
HDFC Bank Ltd. 393,382 12,443,783 
Housing Development Finance Corp. Ltd. 597,704 17,416,445 
IndusInd Bank Ltd. 423,271 12,335,512 
Kotak Mahindra Bank Ltd.  618,164 11,800,287 
Maruti Suzuki India Ltd. 95,454 13,274,534 
Reliance Industries Ltd. 1,038,313 17,987,719 
Titan Co. Ltd. 1,020,119 13,594,881 
TOTAL INDIA  149,525,291 
Indonesia - 0.6%   
PT Bank Central Asia Tbk 8,954,300 14,452,936 
Ireland - 2.1%   
Accenture PLC Class A 76,975 12,264,427 
DCC PLC (United Kingdom) 135,700 12,556,969 
Kerry Group PLC Class A 131,600 13,957,502 
Kingspan Group PLC (Ireland) 246,508 11,449,454 
TOTAL IRELAND  50,228,352 
Italy - 0.5%   
FinecoBank SpA 984,744 11,572,680 
Japan - 8.8%   
Daikin Industries Ltd. 128,400 15,347,649 
Kao Corp. 208,800 15,253,256 
Keyence Corp. 33,980 17,902,444 
Kose Corp. 62,900 12,032,652 
Misumi Group, Inc. 508,300 12,919,453 
Nidec Corp. 102,600 14,846,559 
Nihon M&A Center, Inc. 493,600 13,137,357 
Nissan Chemical Corp. 278,200 12,472,152 
Nitori Holdings Co. Ltd. 87,500 13,197,581 
OBIC Co. Ltd. 15,500 1,327,997 
Recruit Holdings Co. Ltd. 532,200 14,583,063 
Relo Group, Inc. 468,200 12,666,503 
Shiseido Co. Ltd. 207,100 15,257,163 
Start Today Co. Ltd. 313,500 12,574,766 
Tsuruha Holdings, Inc. 97,900 12,030,103 
Unicharm Corp. 401,800 12,206,901 
TOTAL JAPAN  207,755,599 
Kenya - 0.5%   
Safaricom Ltd. 41,255,800 11,499,875 
Korea (South) - 0.5%   
LG Household & Health Care Ltd. 11,569 12,571,951 
Mexico - 0.5%   
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 711,440 12,657,450 
Netherlands - 4.5%   
ASML Holding NV (Netherlands) 102,460 21,943,694 
Ferrari NV 101,600 13,520,118 
Heineken NV (Bearer) 157,500 15,938,299 
Interxion Holding N.V. (a) 185,533 12,037,381 
RELX NV 752,799 16,372,399 
Wolters Kluwer NV 236,100 14,234,867 
Yandex NV Series A (a) 333,000 11,974,680 
TOTAL NETHERLANDS  106,021,438 
Philippines - 0.6%   
SM Prime Holdings, Inc. 19,691,500 14,021,581 
South Africa - 2.2%   
Capitec Bank Holdings Ltd. 172,021 12,430,844 
FirstRand Ltd. 2,741,300 14,421,101 
Naspers Ltd. Class N 96,157 23,675,033 
TOTAL SOUTH AFRICA  50,526,978 
Spain - 0.7%   
Amadeus IT Holding SA Class A 193,600 16,526,190 
Sweden - 1.8%   
Alfa Laval AB 455,000 12,507,008 
Atlas Copco AB (A Shares) 540,000 15,463,752 
Hexagon AB (B Shares) 243,000 14,818,303 
TOTAL SWEDEN  42,789,063 
Switzerland - 4.0%   
Geberit AG (Reg.) 30,670 13,681,704 
Givaudan SA 5,903 13,849,082 
Lonza Group AG 49,676 15,316,955 
Partners Group Holding AG 17,138 13,024,638 
Schindler Holding AG (participation certificate) 53,700 12,517,255 
SGS SA (Reg.) 4,852 12,672,092 
Sika AG 98,450 14,009,600 
TOTAL SWITZERLAND  95,071,326 
Taiwan - 1.4%   
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 814,962 33,584,584 
United Kingdom - 9.4%   
Ashtead Group PLC 445,900 13,701,078 
Beazley PLC 1,740,800 12,818,216 
Bunzl PLC 416,442 12,380,511 
Compass Group PLC 720,488 15,504,367 
Croda International PLC 196,700 13,270,379 
Diageo PLC 569,222 20,883,333 
Halma PLC 663,000 12,244,005 
Hargreaves Lansdown PLC 484,700 13,207,366 
InterContinental Hotel Group PLC 211,027 13,037,613 
Intertek Group PLC 167,000 12,888,716 
London Stock Exchange Group PLC 236,600 13,654,854 
NMC Health PLC 255,300 12,720,169 
Prudential PLC 784,054 18,498,609 
Rentokil Initial PLC 2,659,700 11,844,926 
Rightmove PLC 180,438 11,536,179 
St. James's Place Capital PLC 825,700 13,064,878 
TOTAL UNITED KINGDOM  221,255,199 
United States of America - 12.8%   
A.O. Smith Corp. 210,392 12,524,636 
Adobe Systems, Inc. (a) 49,080 12,008,894 
Alphabet, Inc. Class A (a) 9,759 11,976,440 
Amazon.com, Inc. (a) 6,800 12,086,592 
Amphenol Corp. Class A 127,128 11,887,739 
Estee Lauder Companies, Inc. Class A 89,700 12,104,118 
FleetCor Technologies, Inc. (a) 56,200 12,195,400 
Global Payments, Inc. 105,204 11,842,814 
HEICO Corp. Class A 187,762 12,157,590 
Hilton Worldwide Holdings, Inc. 156,606 12,318,628 
Marriott International, Inc. Class A 94,800 12,119,232 
Marsh & McLennan Companies, Inc. 140,700 11,728,752 
MasterCard, Inc. Class A 61,753 12,227,094 
Microsoft Corp. 116,900 12,400,752 
Moody's Corp. 70,692 12,096,815 
MSCI, Inc. 70,464 11,710,412 
Northrop Grumman Corp. 41,800 12,560,482 
NVIDIA Corp. 48,020 11,758,177 
S&P Global, Inc. 59,245 11,875,068 
Sherwin-Williams Co. 27,514 12,126,245 
SS&C Technologies Holdings, Inc. 16,700 886,269 
The Booking Holdings, Inc. (a) 5,684 11,531,244 
Thermo Fisher Scientific, Inc. 51,200 12,007,936 
TransDigm Group, Inc. 33,500 12,580,590 
UnitedHealth Group, Inc. 46,200 11,698,764 
Visa, Inc. Class A 88,526 12,105,045 
TOTAL UNITED STATES OF AMERICA  302,515,728 
TOTAL COMMON STOCKS   
(Cost $1,900,646,867)  2,315,999,670 
Nonconvertible Preferred Stocks - 0.7%   
Brazil - 0.7%   
Itau Unibanco Holding SA sponsored ADR   
(Cost $14,962,428) 1,372,193 16,452,594 
Money Market Funds - 1.4%   
Fidelity Cash Central Fund, 1.96% (c)   
(Cost $32,089,014) 32,082,598 32,089,014 
TOTAL INVESTMENT IN SECURITIES - 100.4%   
(Cost $1,947,698,309)  2,364,541,278 
NET OTHER ASSETS (LIABILITIES) - (0.4)%  (8,649,771) 
NET ASSETS - 100%  $2,355,891,507 

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

Legend

 (a) Non-income producing

 (b) 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 $13,413,390 or 0.6% of net assets.

 (c) 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.

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 $229,684 
Fidelity Securities Lending Cash Central Fund 201,972 
Total $431,656 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $364,293,672 $341,422,747 $22,870,925 $-- 
Consumer Staples 212,838,984 161,445,232 51,393,752 -- 
Energy 31,885,848 31,885,848 -- -- 
Financials 388,677,076 319,642,453 69,034,623 -- 
Health Care 106,324,484 106,324,484 -- -- 
Industrials 539,706,625 493,403,514 46,303,111 -- 
Information Technology 454,790,307 353,095,862 101,694,445 -- 
Materials 153,927,795 123,351,497 30,576,298 -- 
Real Estate 55,094,208 55,094,208 -- -- 
Telecommunication Services 11,499,875 11,499,875 -- -- 
Utilities 13,413,390 13,413,390 -- -- 
Money Market Funds 32,089,014 32,089,014 -- -- 
Total Investments in Securities: $2,364,541,278 $2,042,668,124 $321,873,154 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $15,179,918 
Level 2 to Level 1 $85,052,700 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Nordic Fund

July 31, 2018







NOR-QTLY-0918
1.804855.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.8%   
 Shares Value 
Bermuda - 2.8%   
Vostok Emerging Finance Ltd. (depository receipt) (a) 9,489,995 $2,115,375 
Vostok New Ventures Ltd. (depositary receipt) (a) 816,771 7,041,009 
TOTAL BERMUDA  9,156,384 
Canada - 1.5%   
Lundin Mining Corp. (Sweden) 907,900 5,016,039 
Denmark - 4.6%   
A.P. Moller - Maersk A/S Series B 5,674 8,146,938 
Netcompany Group A/S 4,700 170,961 
SimCorp A/S 83,300 7,111,000 
TOTAL DENMARK  15,428,899 
Finland - 12.5%   
Caverion Corp. (a)(b) 1,264,900 10,597,829 
Kamux Corp. (b) 1,100,000 8,463,755 
Nokian Tyres PLC 276,200 11,979,123 
Olvi PLC (A Shares) 280,046 10,544,592 
TOTAL FINLAND  41,585,299 
Malta - 9.3%   
Kambi Group PLC (a) 1,337,411 30,724,275 
Norway - 10.3%   
Schibsted ASA:   
(A Shares) 289,600 10,012,346 
(B Shares) 262,847 8,539,591 
Skandiabanken ASA (b)(c) 755,400 7,316,312 
Zalaris ASA (A Shares) (d) 1,688,300 8,237,983 
TOTAL NORWAY  34,106,232 
Sweden - 56.2%   
AcadeMedia AB (a)(c) 954,143 5,588,382 
Addlife AB 227,375 5,456,204 
AddTech AB (B Shares) 580,200 13,144,148 
AF AB (B Shares) 516,900 12,850,561 
Alimak Group AB (c) 628,300 10,418,135 
Arjo AB 4,634,900 15,734,397 
Coor Service Management Holding AB (c) 565,300 4,693,180 
Eltel AB (a)(b)(c) 4,842,050 13,050,977 
Essity AB Class B 461,700 11,546,504 
Getinge AB (B Shares) 1,609,400 17,351,528 
Investor AB (B Shares) 307,650 13,414,498 
Lagercrantz Group AB (B Shares) 447,800 4,690,392 
Medicover AB Class B (a) 1,000,000 9,325,653 
Momentum Group AB Class B 791,369 10,584,047 
Nobia AB 1,156,600 8,701,186 
Scandi Standard 882,800 5,672,522 
Securitas AB (B Shares) 702,300 12,643,549 
Swedish Match Co. AB 76,600 4,188,501 
Systemair AB 698,679 7,508,875 
TOTAL SWEDEN  186,563,239 
United States of America - 2.6%   
Autoliv, Inc. (depositary receipt) 57,200 5,826,067 
Veoneer, Inc. unit (a) 57,200 2,938,079 
TOTAL UNITED STATES OF AMERICA  8,764,146 
TOTAL COMMON STOCKS   
(Cost $290,443,750)  331,344,513 
Money Market Funds - 2.0%   
Fidelity Cash Central Fund, 1.96% (e) 733,661 733,808 
Fidelity Securities Lending Cash Central Fund 1.97% (e)(f) 5,920,841 5,921,433 
TOTAL MONEY MARKET FUNDS   
(Cost $6,655,241)  6,655,241 
TOTAL INVESTMENT IN SECURITIES - 101.8%   
(Cost $297,098,991)  337,999,754 
NET OTHER ASSETS (LIABILITIES) - (1.8)%  (5,933,807) 
NET ASSETS - 100%  $332,065,947 

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

Legend

 (a) Non-income producing

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

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $41,066,986 or 12.4% of net assets.

 (d) Affiliated company

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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 $40,091 
Fidelity Securities Lending Cash Central Fund 231,083 
Total $271,174 

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

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 Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Zalaris ASA (A Shares) $10,024,798 $-- $-- $135,346 $-- $(1,786,815) $8,237,983 
Total $10,024,798 $-- $-- $135,346 $-- $(1,786,815) $8,237,983 

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $92,772,804 $92,772,804 $-- $-- 
Consumer Staples 31,952,119 31,952,119 -- -- 
Financials 29,887,194 29,887,194 -- -- 
Health Care 47,867,782 47,867,782 -- -- 
Industrials 111,876,222 103,729,284 8,146,938 -- 
Information Technology 11,972,353 11,972,353 -- -- 
Materials 5,016,039 5,016,039 -- -- 
Money Market Funds 6,655,241 6,655,241 -- -- 
Total Investments in Securities: $337,999,754 $329,852,816 $8,146,938 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $9,065,769 
Level 2 to Level 1 $0 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Latin America Fund

July 31, 2018







LAF-QTLY-0918
1.804841.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 74.8%   
 Shares Value 
Argentina - 3.1%   
Banco Macro SA sponsored ADR 141,499 $9,665,797 
Bolsas y Mercados Argentinos SA 444,352 6,226,439 
TOTAL ARGENTINA  15,892,236 
Bermuda - 4.1%   
Credicorp Ltd. (United States) 90,881 20,790,846 
Brazil - 37.2%   
Azul SA sponsored ADR (a) 941,717 18,033,881 
BTG Pactual Participations Ltd. unit 1,334,216 7,038,467 
Companhia de Locacao das Americas 239,924 1,840,996 
CVC Brasil Operadora e Agencia de Viagens SA 548,861 6,448,930 
Estacio Participacoes SA 2,025,403 14,003,466 
Grendene SA 4,634,979 9,619,931 
Hapvida Participacoes e Investimentos SA 2,124,901 15,942,560 
IRB Brasil Resseguros SA 766,427 10,904,325 
Notre Dame Intermedica Participacoes SA 2,428,871 15,854,672 
Qualicorp SA 3,349,621 17,893,561 
Rumo SA (a) 2,982,112 11,798,781 
Ser Educacional SA (b) 2,274,861 10,721,842 
Smiles Fidelidade SA 851,534 11,616,055 
Suzano Papel e Celulose SA 2,527,927 30,005,368 
Vale SA 586,218 8,565,315 
TOTAL BRAZIL  190,288,150 
Israel - 2.0%   
Ituran Location & Control Ltd. 295,003 10,044,852 
Mexico - 20.5%   
Banco del Bajio SA (b) 5,773,329 13,638,968 
Credito Real S.A.B. de CV 14,635,664 20,644,746 
Genomma Lab Internacional SA de CV (a) 19,735,269 15,745,648 
Grupo Aeroportuario Norte S.A.B. de CV 1,748,674 10,636,862 
Grupo Cementos de Chihuahua S.A.B. de CV 1,262,173 8,196,311 
Promotora y Operadora de Infraestructura S.A.B. de CV 1,748,760 13,323,707 
Qualitas Controladora S.A.B. de CV 4,349,535 11,647,613 
Unifin Financiera SAPI de CV 4,022,269 11,192,063 
TOTAL MEXICO  105,025,918 
Panama - 4.9%   
Copa Holdings SA Class A 147,655 14,372,738 
Intergroup Financial Services Corp. 248,403 10,519,867 
TOTAL PANAMA  24,892,605 
Spain - 1.4%   
Prosegur Cash SA (b) 2,774,079 7,460,899 
United Kingdom - 1.6%   
British American Tobacco PLC (United Kingdom) 150,097 8,251,180 
TOTAL COMMON STOCKS   
(Cost $333,912,190)  382,646,686 
Nonconvertible Preferred Stocks - 24.6%   
Brazil - 24.6%   
Alpargatas SA (PN) 1,784,953 6,063,504 
Itau Unibanco Holding SA 3,356,508 40,242,682 
Itausa-Investimentos Itau SA (PN) 19,422,987 53,922,553 
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) 4,912,836 25,812,252 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $70,806,261)  126,040,991 
Money Market Funds - 0.7%   
Fidelity Cash Central Fund, 1.96% (c)   
(Cost $3,683,078) 3,682,341 3,683,078 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $408,401,529)  512,370,755 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (365,445) 
NET ASSETS - 100%  $512,005,310 

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

Legend

 (a) Non-income producing

 (b) 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 $31,821,709 or 6.2% of net assets.

 (c) 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.

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 $66,095 
Fidelity Securities Lending Cash Central Fund 46 
Total $66,141 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $72,112,696 $72,112,696 $-- $-- 
Consumer Staples 8,251,180 -- 8,251,180 -- 
Energy 25,812,252 25,812,252 -- -- 
Financials 226,198,857 226,198,857 -- -- 
Health Care 49,493,881 49,493,881 -- -- 
Industrials 70,006,965 70,006,965 -- -- 
Information Technology 10,044,852 10,044,852 -- -- 
Materials 46,766,994 46,766,994 -- -- 
Money Market Funds 3,683,078 3,683,078 -- -- 
Total Investments in Securities: $512,370,755 $504,119,575 $8,251,180 $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Japan Fund

July 31, 2018







JPN-QTLY-0918
1.804854.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.9%   
 Shares Value 
CONSUMER DISCRETIONARY - 20.1%   
Auto Components - 1.7%   
Akasol AG 6,030 $373,713 
Bridgestone Corp. 123,900 4,887,409 
DaikyoNishikawa Corp. 93,800 1,389,195 
  6,650,317 
Automobiles - 5.5%   
Honda Motor Co. Ltd. 240,100 7,330,411 
Subaru Corp. 150,700 4,404,272 
Suzuki Motor Corp. 170,200 10,010,810 
  21,745,493 
Hotels, Restaurants & Leisure - 0.1%   
Koshidaka Holdings Co. Ltd. 51,900 596,909 
Household Durables - 8.3%   
Panasonic Corp. 613,600 7,884,215 
Rinnai Corp. 33,200 2,868,238 
Sekisui Chemical Co. Ltd. 106,300 1,899,454 
Sekisui House Ltd. 104,300 1,777,846 
Sony Corp. 350,200 18,822,146 
  33,251,899 
Internet & Direct Marketing Retail - 0.6%   
Start Today Co. Ltd. 63,500 2,547,042 
Leisure Products - 0.7%   
Bandai Namco Holdings, Inc. 66,700 2,663,466 
Media - 1.8%   
Dentsu, Inc. 105,400 4,425,822 
LIFULL Co. Ltd. 441,900 2,766,445 
  7,192,267 
Specialty Retail - 1.4%   
Nitori Holdings Co. Ltd. 20,000 3,016,590 
USS Co. Ltd. 127,000 2,403,363 
  5,419,953 
TOTAL CONSUMER DISCRETIONARY  80,067,346 
CONSUMER STAPLES - 8.7%   
Food & Staples Retailing - 5.1%   
Ain Holdings, Inc. 30,900 2,293,699 
Nishimoto Co. Ltd. 24,700 1,201,699 
San-A Co. Ltd. 42,700 1,959,048 
Seven & i Holdings Co. Ltd. 165,900 6,775,338 
Sundrug Co. Ltd. 49,100 1,962,858 
Tsuruha Holdings, Inc. 19,600 2,408,478 
Welcia Holdings Co. Ltd. 74,200 3,762,590 
  20,363,710 
Food Products - 1.3%   
Japan Meat Co. Ltd. 66,100 1,246,746 
Morinaga & Co. Ltd. 82,000 3,798,775 
  5,045,521 
Personal Products - 2.3%   
Kao Corp. 80,100 5,851,465 
Kose Corp. 16,900 3,232,938 
  9,084,403 
TOTAL CONSUMER STAPLES  34,493,634 
FINANCIALS - 11.3%   
Banks - 4.3%   
Mitsubishi UFJ Financial Group, Inc. 2,281,700 14,002,487 
Shinsei Bank Ltd. 211,700 3,334,291 
  17,336,778 
Capital Markets - 0.4%   
SBI Holdings, Inc. Japan 53,500 1,456,938 
Consumer Finance - 0.6%   
AEON Financial Service Co. Ltd. 128,600 2,648,713 
Diversified Financial Services - 3.2%   
ORIX Corp. 785,600 12,716,863 
Insurance - 2.8%   
Sony Financial Holdings, Inc. 173,600 3,335,980 
Tokio Marine Holdings, Inc. 161,800 7,697,791 
  11,033,771 
TOTAL FINANCIALS  45,193,063 
HEALTH CARE - 9.0%   
Biotechnology - 0.6%   
PeptiDream, Inc. (a)(b) 39,000 1,515,494 
Shire PLC 17,200 979,612 
  2,495,106 
Health Care Equipment & Supplies - 6.6%   
Hoya Corp. 250,600 15,016,053 
Nakanishi, Inc. 79,500 1,660,175 
Olympus Corp. 153,100 6,215,368 
Paramount Bed Holdings Co. Ltd. 76,500 3,232,683 
  26,124,279 
Health Care Providers & Services - 0.9%   
Ship Healthcare Holdings, Inc. 92,000 3,566,784 
Pharmaceuticals - 0.9%   
Takeda Pharmaceutical Co. Ltd. 86,500 3,652,283 
TOTAL HEALTH CARE  35,838,452 
INDUSTRIALS - 20.2%   
Building Products - 2.6%   
Daikin Industries Ltd. 55,500 6,633,914 
Toto Ltd. 77,500 3,621,895 
  10,255,809 
Commercial Services & Supplies - 1.0%   
Sohgo Security Services Co., Ltd. 87,900 4,017,073 
Construction & Engineering - 1.8%   
Mirait Holdings Corp. 183,100 2,809,995 
Toshiba Plant Systems & Services Corp. 208,100 4,598,802 
  7,408,797 
Electrical Equipment - 2.6%   
Nidec Corp. 70,500 10,201,583 
Machinery - 3.7%   
Minebea Mitsumi, Inc. 205,100 3,680,955 
Misumi Group, Inc. 238,300 6,056,867 
SMC Corp. 14,900 4,994,428 
  14,732,250 
Professional Services - 3.9%   
Benefit One, Inc. (b) 129,400 3,714,833 
Funai Soken Holdings, Inc. 60,000 1,306,086 
Outsourcing, Inc. 200,700 4,313,215 
Recruit Holdings Co. Ltd. 125,800 3,447,105 
Temp Holdings Co., Ltd. 123,600 2,690,537 
  15,471,776 
Road & Rail - 3.0%   
East Japan Railway Co. 105,200 9,839,583 
Hitachi Transport System Ltd. 75,500 2,059,429 
  11,899,012 
Trading Companies & Distributors - 1.6%   
Mitsui & Co. Ltd. 221,400 3,710,672 
Trusco Nakayama Corp. 106,300 2,679,009 
  6,389,681 
TOTAL INDUSTRIALS  80,375,981 
INFORMATION TECHNOLOGY - 14.4%   
Electronic Equipment & Components - 8.5%   
Azbil Corp. 73,500 3,217,659 
Dexerials Corp. 321,700 3,173,412 
Iriso Electronics Co. Ltd. 31,200 1,819,291 
Murata Manufacturing Co. Ltd. 22,800 3,976,211 
Shimadzu Corp. 459,000 13,053,884 
TDK Corp. 47,700 5,110,429 
Topcon Corp. 213,900 3,693,967 
  34,044,853 
Internet Software & Services - 1.5%   
DeNA Co. Ltd. 135,000 2,546,187 
SMS Co., Ltd. 167,400 3,398,453 
  5,944,640 
IT Services - 1.8%   
IT Holdings Corp. 54,200 2,598,149 
ITOCHU Techno-Solutions Corp. 146,200 2,777,166 
Otsuka Corp. 44,600 1,739,087 
  7,114,402 
Semiconductors & Semiconductor Equipment - 1.3%   
Renesas Electronics Corp. (a) 307,900 2,742,641 
Sumco Corp. 111,300 2,381,458 
  5,124,099 
Software - 1.3%   
Nintendo Co. Ltd. 15,100 5,106,625 
TOTAL INFORMATION TECHNOLOGY  57,334,619 
MATERIALS - 8.9%   
Chemicals - 8.2%   
Axalta Coating Systems Ltd. (a) 82,200 2,486,550 
Hitachi Chemical Co. Ltd. 116,100 2,292,615 
JSR Corp. 193,000 3,695,506 
Kansai Paint Co. Ltd. 148,200 3,400,986 
KH Neochem Co. Ltd. 56,400 1,815,857 
Nissan Chemical Corp. 72,700 3,259,258 
Nitto Denko Corp. 28,600 2,075,105 
Okamoto Industries, Inc. 113,000 1,298,618 
Shin-Etsu Chemical Co. Ltd. 77,400 7,829,909 
Tokyo Ohka Kogyo Co. Ltd. 63,800 2,308,018 
Toray Industries, Inc. 274,400 2,126,549 
  32,588,971 
Construction Materials - 0.7%   
Taiheiyo Cement Corp. 90,400 2,856,439 
TOTAL MATERIALS  35,445,410 
REAL ESTATE - 1.4%   
Equity Real Estate Investment Trusts (REITs) - 0.6%   
Invincible Investment Corp. 5,176 2,284,448 
Real Estate Management & Development - 0.8%   
Tateru, Inc. (b) 191,200 3,183,959 
TOTAL REAL ESTATE  5,468,407 
TELECOMMUNICATION SERVICES - 5.9%   
Wireless Telecommunication Services - 5.9%   
SoftBank Corp. 282,100 23,561,614 
TOTAL COMMON STOCKS   
(Cost $308,483,987)  397,778,526 
Money Market Funds - 1.6%   
Fidelity Cash Central Fund, 1.96% (c) 1,434,635 1,434,922 
Fidelity Securities Lending Cash Central Fund 1.97% (c)(d) 4,941,343 4,941,837 
TOTAL MONEY MARKET FUNDS   
(Cost $6,376,842)  6,376,759 
TOTAL INVESTMENT IN SECURITIES - 101.5%   
(Cost $314,860,829)  404,155,285 
NET OTHER ASSETS (LIABILITIES) - (1.5)%  (6,039,436) 
NET ASSETS - 100%  $398,115,849 

Legend

 (a) Non-income producing

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

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

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 $30,116 
Fidelity Securities Lending Cash Central Fund 93,802 
Total $123,918 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $80,067,346 $20,524,415 $59,542,931 $-- 
Consumer Staples 34,493,634 21,866,831 12,626,803 -- 
Financials 45,193,063 16,822,514 28,370,549 -- 
Health Care 35,838,452 24,991,189 10,847,263 -- 
Industrials 80,375,981 49,441,857 30,934,124 -- 
Information Technology 57,334,619 42,189,920 15,144,699 -- 
Materials 35,445,410 17,298,150 18,147,260 -- 
Real Estate 5,468,407 5,468,407 -- -- 
Telecommunication Services 23,561,614 -- 23,561,614 -- 
Money Market Funds 6,376,759 6,376,759 -- -- 
Total Investments in Securities: $404,155,285 $204,980,042 $199,175,243 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $186,980,231 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Emerging Asia Fund

July 31, 2018







SEA-QTLY-0918
1.804844.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.3%   
 Shares Value 
Australia - 1.9%   
Blue Sky Alternative Investments Ltd. 1,183,786 $1,697,423 
Netwealth Group Ltd. (a) 1,144,741 6,412,659 
SpeedCast International Ltd. 1,464,414 6,745,516 
Woodside Petroleum Ltd. 332,483 8,927,239 
TOTAL AUSTRALIA  23,782,837 
Bermuda - 4.0%   
China Resource Gas Group Ltd. 3,884,000 18,407,935 
Hongkong Land Holdings Ltd. 2,052,400 14,920,948 
Man Wah Holdings Ltd. 6,098,400 4,490,830 
Tai Cheung Holdings Ltd. 4,627,000 4,987,154 
Vtech Holdings Ltd. 703,500 7,869,398 
TOTAL BERMUDA  50,676,265 
Cayman Islands - 21.1%   
Alibaba Group Holding Ltd. sponsored ADR (b) 410,300 76,820,469 
Geely Automobile Holdings Ltd. 3,327,000 7,587,326 
International Housewares Retail Co. Ltd. 12,661,400 3,145,569 
JD.com, Inc. sponsored ADR (b) 375,200 13,454,672 
NetEase, Inc. ADR 57,800 14,912,400 
Shenzhou International Group Holdings Ltd. 1,436,000 17,609,137 
Silergy Corp. 360,000 8,275,727 
SITC International Holdings Co. Ltd. 8,433,000 8,186,909 
Tencent Holdings Ltd. 2,040,800 92,885,778 
Value Partners Group Ltd. 8,663,000 6,743,610 
Xinyi Glass Holdings Ltd. 4,628,000 5,448,140 
ZTO Express (Cayman), Inc. sponsored ADR 550,000 10,906,500 
TOTAL CAYMAN ISLANDS  265,976,237 
China - 17.0%   
China Construction Bank Corp. (H Shares) 30,316,000 27,717,412 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 2,157,800 8,412,315 
Gree Electric Appliances, Inc. of Zhuhai Class A 2,121,500 13,754,702 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 2,152,800 10,927,213 
Hangzhou Tigermed Consulting Co. Ltd. Class A 1,316,098 11,594,845 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 859,017 8,683,855 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 708,358 13,345,333 
Kweichow Moutai Co. Ltd. (A Shares) 207,381 22,113,091 
Midea Group Co. Ltd. Class A 1,009,100 7,052,013 
PICC Property & Casualty Co. Ltd. (H Shares) 6,949,680 7,835,938 
Qingdao Port International Co. Ltd. (c) 14,740,000 10,741,784 
Shanghai International Airport Co. Ltd. (A Shares) 1,778,269 15,731,835 
Shenzhen Expressway Co. (H Shares) 10,674,000 9,655,360 
Shenzhen Inovance Technology Co. Ltd. Class A 1,378,788 5,401,655 
Sinopec Engineering Group Co. Ltd. (H Shares) 5,556,000 5,662,851 
Suofeiya Home Collection Co. Ltd. Class A 1,357,961 6,019,702 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 3,830,052 12,250,185 
Yunnan Baiyao Group Co. Ltd. 1,018,905 14,897,636 
Zhengzhou Yutong Bus Co. Ltd. 962,100 2,372,522 
TOTAL CHINA  214,170,247 
Hong Kong - 8.5%   
AIA Group Ltd. 5,080,000 44,334,028 
China Resources Beer Holdings Co. Ltd. 3,188,666 14,340,578 
CSPC Pharmaceutical Group Ltd. 3,426,000 8,947,962 
Dah Sing Banking Group Ltd. 4,444,800 9,434,310 
Power Assets Holdings Ltd. 1,322,500 9,359,716 
Sino Land Ltd. 4,792,000 8,229,806 
Techtronic Industries Co. Ltd. 2,150,000 11,970,238 
TOTAL HONG KONG  106,616,638 
India - 17.1%   
Adani Ports & Special Economic Zone Ltd. 1,187,844 6,936,030 
Amara Raja Batteries Ltd. 524,656 6,313,728 
Axis Bank Ltd. 1,718,957 13,819,952 
Bharti Infratel Ltd. 1,332,884 5,580,941 
CCL Products (India) Ltd. 1,559,930 6,038,292 
Future Retail Ltd. 1,091,367 8,522,419 
Gujarat Gas Ltd. 418,580 4,819,234 
Havells India Ltd. 569,841 5,280,560 
HDFC Asset Management Co. Ltd. (b) 2,035 32,698 
HDFC Bank Ltd. 651,319 20,603,058 
Housing Development Finance Corp. Ltd. 923,264 26,902,910 
Indraprastha Gas Ltd. 4,396,827 19,521,115 
Oberoi Realty Ltd. 1,359,617 9,852,556 
Petronet LNG Ltd. 4,253,260 14,236,555 
Power Grid Corp. of India Ltd. 4,368,538 11,632,844 
Reliance Industries Ltd. 2,135,654 36,998,037 
Sun Pharmaceutical Industries Ltd. 1,104,046 9,168,130 
UPL Ltd. 752,532 7,079,583 
VST Industries Ltd. 58,615 2,322,125 
TOTAL INDIA  215,660,767 
Indonesia - 2.9%   
PT Bank Central Asia Tbk 13,795,900 22,267,654 
PT Bank Rakyat Indonesia Tbk 68,894,400 14,667,532 
TOTAL INDONESIA  36,935,186 
Israel - 0.2%   
Sarine Technologies Ltd. 3,360,700 2,147,728 
Japan - 1.6%   
Nissan Chemical Corp. 48,200 2,160,883 
SMC Corp. 19,300 6,469,293 
SoftBank Corp. 136,400 11,392,431 
TOTAL JAPAN  20,022,607 
Korea (South) - 8.8%   
Cafe24 Corp. (b) 41,336 5,939,774 
Coway Co. Ltd. 124,548 10,492,068 
Cuckoo Holdings Co. Ltd. 64,790 9,339,089 
Hyundai Fire & Marine Insurance Co. Ltd. 193,621 6,373,059 
KB Financial Group, Inc. 280,594 13,549,062 
LG Chemical Ltd. 43,683 14,711,779 
Samsung Electronics Co. Ltd. 641,110 26,629,669 
SK Hynix, Inc. 315,366 24,442,586 
TOTAL KOREA (SOUTH)  111,477,086 
Malaysia - 0.3%   
Bursa Malaysia Bhd 2,156,100 4,147,774 
Multi-National - 1.7%   
HKT Trust/HKT Ltd. unit 15,868,300 21,187,250 
Philippines - 0.9%   
Ayala Land, Inc. 15,554,000 11,984,927 
Singapore - 0.6%   
Wing Tai Holdings Ltd. 5,290,700 8,044,771 
Taiwan - 9.0%   
E.SUN Financial Holdings Co. Ltd. 20,850,131 14,556,434 
Nien Made Enterprise Co. Ltd. 674,000 5,829,535 
Taiwan Semiconductor Manufacturing Co. Ltd. 9,185,892 73,527,011 
United Microelectronics Corp. 15,887,000 9,107,992 
Voltronic Power Technology Corp. 569,000 9,898,564 
TOTAL TAIWAN  112,919,536 
Thailand - 1.7%   
Bangkok Bank PCL (For. Reg.) 2,017,700 12,614,415 
Thai Beverage PCL 14,773,900 8,247,816 
TOTAL THAILAND  20,862,231 
TOTAL COMMON STOCKS   
(Cost $948,866,657)  1,226,612,087 
Nonconvertible Preferred Stocks - 0.9%   
Korea (South) - 0.9%   
Samsung Electronics Co. Ltd.   
(Cost $12,540,081) 351,550 12,076,470 
Money Market Funds - 1.1%   
Fidelity Cash Central Fund, 1.96% (d) 9,651,211 9,653,141 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 4,047,762 4,048,167 
TOTAL MONEY MARKET FUNDS   
(Cost $13,701,308)  13,701,308 
TOTAL INVESTMENT IN SECURITIES - 99.3%   
(Cost $975,108,046)  1,252,389,865 
NET OTHER ASSETS (LIABILITIES) - 0.7%  8,558,117 
NET ASSETS - 100%  $1,260,947,982 

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

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under 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 $10,741,784 or 0.9% of net assets.

 (d) 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.

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

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 $376,127 
Fidelity Securities Lending Cash Central Fund 3,921 
Total $380,048 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $135,621,940 $135,621,940 $-- $-- 
Consumer Staples 66,407,235 66,407,235 -- -- 
Energy 60,161,831 60,161,831 -- -- 
Financials 262,122,243 200,220,013 61,902,230 -- 
Health Care 65,542,613 65,542,613 -- -- 
Industrials 94,798,819 94,798,819 -- -- 
Information Technology 363,414,487 187,893,706 175,520,781 -- 
Materials 23,952,245 21,791,362 2,160,883 -- 
Real Estate 58,020,162 58,020,162 -- -- 
Telecommunication Services 44,906,138 33,513,707 11,392,431 -- 
Utilities 63,740,844 63,740,844 -- -- 
Money Market Funds 13,701,308 13,701,308 -- -- 
Total Investments in Securities: $1,252,389,865 $1,001,413,540 $250,976,325 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $25,315,579 
Level 2 to Level 1 $1,048,464 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® China Region Fund

July 31, 2018







HKC-QTLY-0918
1.804836.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.7%   
 Shares Value 
CONSUMER DISCRETIONARY - 11.6%   
Automobiles - 1.8%   
Geely Automobile Holdings Ltd. 8,862,000 $20,210,064 
Guangzhou Automobile Group Co. Ltd. (H Shares) 4,459,200 4,181,361 
  24,391,425 
Diversified Consumer Services - 2.4%   
New Oriental Education & Technology Group, Inc. sponsored ADR 229,800 19,771,992 
TAL Education Group ADR (a) 87,300 2,792,727 
ZTO Express (Cayman), Inc. sponsored ADR 471,400 9,347,862 
  31,912,581 
Hotels, Restaurants & Leisure - 0.9%   
Melco Crown Entertainment Ltd. sponsored ADR 400,000 10,344,000 
Summit Ascent Holdings Ltd. (a) 12,390,000 1,262,828 
  11,606,828 
Household Durables - 2.5%   
Midea Group Co. Ltd. Class A 995,500 6,956,971 
Sundart Holdings Ltd. 16,204,000 9,021,662 
Suofeiya Home Collection Co. Ltd. Class A 3,363,226 14,908,836 
Techtronic Industries Co. Ltd. 496,000 2,761,506 
  33,648,975 
Internet & Direct Marketing Retail - 2.0%   
JD.com, Inc. sponsored ADR (a) 742,000 26,608,120 
Specialty Retail - 0.2%   
China Yongda Automobiles Services Holdings Ltd. 3,718,000 3,017,392 
Textiles, Apparel & Luxury Goods - 1.8%   
Pinduoduo, Inc. ADR 10,500 237,195 
Prada SpA 1,909,500 9,086,428 
Shenzhou International Group Holdings Ltd. 1,191,000 14,604,793 
  23,928,416 
TOTAL CONSUMER DISCRETIONARY  155,113,737 
CONSUMER STAPLES - 2.9%   
Beverages - 2.2%   
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 521,089 9,817,220 
Kweichow Moutai Co. Ltd. (A Shares) 191,682 20,439,102 
  30,256,322 
Food Products - 0.7%   
WH Group Ltd. (b) 11,543,000 9,264,930 
TOTAL CONSUMER STAPLES  39,521,252 
ENERGY - 4.3%   
Energy Equipment & Services - 1.3%   
China Oilfield Services Ltd. (H Shares) 19,464,000 17,854,492 
Oil, Gas & Consumable Fuels - 3.0%   
CNOOC Ltd. 18,768,000 31,442,934 
PetroChina Co. Ltd. (H Shares) 10,832,000 8,249,069 
  39,692,003 
TOTAL ENERGY  57,546,495 
FINANCIALS - 17.6%   
Banks - 8.7%   
BOC Hong Kong (Holdings) Ltd. 3,422,000 16,567,100 
China Construction Bank Corp. (H Shares) 55,877,000 51,087,407 
Dah Sing Banking Group Ltd. 46,400 98,486 
Dah Sing Financial Holdings Ltd. 17,200 108,910 
E.SUN Financial Holdings Co. Ltd. 21,812,109 15,228,035 
Industrial & Commercial Bank of China Ltd. (H Shares) 44,569,000 32,990,730 
  116,080,668 
Capital Markets - 0.7%   
CITIC Securities Co. Ltd. (H Shares) 4,092,500 8,165,135 
Value Partners Group Ltd. 1,448,000 1,127,178 
  9,292,313 
Insurance - 8.2%   
AIA Group Ltd. 6,774,600 59,123,091 
China Life Insurance Co. Ltd. (H Shares) 3,749,000 9,420,751 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 1,333,000 5,196,782 
PICC Property & Casualty Co. Ltd. (H Shares) 9,825,000 11,077,933 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 2,671,000 24,773,546 
  109,592,103 
TOTAL FINANCIALS  234,965,084 
HEALTH CARE - 2.5%   
Health Care Providers & Services - 0.2%   
China Resources Phoenix Health 2,876,000 2,671,156 
Life Sciences Tools & Services - 0.5%   
Hangzhou Tigermed Consulting Co. Ltd. Class A 847,200 7,463,846 
Pharmaceuticals - 1.8%   
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 41 414 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 2,978,584 9,526,817 
YiChang HEC ChangJiang Pharmaceutical Co. Ltd. 2,908,400 14,136,164 
  23,663,395 
TOTAL HEALTH CARE  33,798,397 
INDUSTRIALS - 4.8%   
Construction & Engineering - 0.8%   
Sinopec Engineering Group Co. Ltd. (H Shares) 11,310,500 11,528,019 
Electrical Equipment - 0.5%   
BizLink Holding, Inc. 1,049,000 6,688,957 
Industrial Conglomerates - 1.3%   
CK Hutchison Holdings Ltd. 1,587,500 17,252,247 
Machinery - 0.7%   
Shenzhen Inovance Technology Co. Ltd. Class A 1,488,050 5,829,708 
Zhengzhou Yutong Bus Co. Ltd. 1,399,918 3,452,174 
  9,281,882 
Marine - 0.1%   
SITC International Holdings Co. Ltd. 899,000 872,765 
Professional Services - 0.2%   
Sporton International, Inc. 535,000 2,519,211 
Transportation Infrastructure - 1.2%   
Shanghai International Airport Co. Ltd. (A Shares) 1,843,822 16,311,764 
TOTAL INDUSTRIALS  64,454,845 
INFORMATION TECHNOLOGY - 40.6%   
Communications Equipment - 0.7%   
Nanfang Communication Holdings Ltd. 14,800,000 8,843,363 
Electronic Equipment & Components - 5.0%   
AVIC Jonhon OptronicTechnology Co. Ltd. 2,918,766 17,985,497 
Chroma ATE, Inc. 2,132,000 12,026,095 
FLEXium Interconnect, Inc. 959,000 3,386,809 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 2,634,750 13,373,502 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 3,778,400 10,353,812 
Lens Technology Co. Ltd. Class A 4,991,707 9,232,097 
  66,357,812 
Internet Software & Services - 22.8%   
Alibaba Group Holding Ltd. sponsored ADR (a) 687,100 128,645,733 
NetEase, Inc. ADR 114,600 29,566,800 
Tencent Holdings Ltd. 3,214,000 146,283,274 
Wise Talent Information Technology Co. Ltd. (a) 335,886 1,217,467 
  305,713,274 
Semiconductors & Semiconductor Equipment - 9.8%   
Himax Technologies, Inc. sponsored ADR 240,562 1,590,115 
Nanya Technology Corp. 5,807,000 14,925,287 
Parade Technologies Ltd. 426,000 6,491,482 
Silergy Corp. 457,000 10,505,575 
Taiwan Semiconductor Manufacturing Co. Ltd. 10,627,000 85,062,131 
United Microelectronics Corp. 18,963,000 10,871,458 
Win Semiconductors Corp. 343,000 1,659,985 
  131,106,033 
Software - 1.0%   
Kingsoft Corp. Ltd. 5,532,000 13,391,175 
Technology Hardware, Storage & Peripherals - 1.3%   
ADLINK Technology, Inc. 2,351,844 3,806,817 
Ennoconn Corp. 1,103,000 13,669,828 
  17,476,645 
TOTAL INFORMATION TECHNOLOGY  542,888,302 
MATERIALS - 4.4%   
Chemicals - 1.6%   
Formosa Plastics Corp. 775,000 2,851,035 
LG Chemical Ltd. 44,498 14,986,259 
Nan Ya Plastics Corp. 1,216,000 3,375,900 
  21,213,194 
Construction Materials - 1.7%   
BBMG Corp. (H Shares) 18,843,000 7,418,079 
West China Cement Ltd. 85,864,000 15,096,390 
  22,514,469 
Metals & Mining - 1.1%   
Zhaojin Mining Industry Co. Ltd. (H Shares) 4,824,000 3,890,397 
Zijin Mng Group Co. Ltd. (H Shares) 29,330,000 10,836,598 
  14,726,995 
TOTAL MATERIALS  58,454,658 
REAL ESTATE - 4.4%   
Real Estate Management & Development - 4.4%   
China Overseas Land and Investment Ltd. 4,074,000 12,794,427 
Hongkong Land Holdings Ltd. 1,955,000 14,212,850 
Longfor Properties Co. Ltd. 3,161,000 8,880,062 
New World Development Co. Ltd. 2,348,000 3,344,435 
Sino Land Ltd. 7,544,000 12,956,106 
Sun Hung Kai Properties Ltd. 432,000 6,769,736 
  58,957,616 
TELECOMMUNICATION SERVICES - 1.8%   
Diversified Telecommunication Services - 1.3%   
China Unicom Ltd. 14,066,000 17,368,210 
Wireless Telecommunication Services - 0.5%   
SmarTone Telecommunications Holdings Ltd. 6,586,500 6,813,867 
TOTAL TELECOMMUNICATION SERVICES  24,182,077 
UTILITIES - 1.8%   
Gas Utilities - 1.8%   
China Resource Gas Group Ltd. 5,000,000 23,697,135 
TOTAL COMMON STOCKS   
(Cost $1,023,238,861)  1,293,579,598 
Convertible Preferred Stocks - 0.7%   
CONSUMER DISCRETIONARY - 0.7%   
Internet & Direct Marketing Retail - 0.7%   
China Internet Plus Holdings Ltd. Series A-11 (a)(c)(d)   
(Cost $6,268,244) 1,983,088 9,915,440 
Money Market Funds - 1.6%   
Fidelity Cash Central Fund, 1.96% (e) 21,338,785 21,343,053 
TOTAL MONEY MARKET FUNDS   
(Cost $21,343,053)  21,343,053 
TOTAL INVESTMENT IN SECURITIES - 99.0%   
(Cost $1,050,850,158)  1,324,838,091 
NET OTHER ASSETS (LIABILITIES) - 1.0%  13,670,731 
NET ASSETS - 100%  $1,338,508,822 

Legend

 (a) Non-income producing

 (b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $9,264,930 or 0.7% of net assets.

 (c) 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 $9,915,440 or 0.7% of net assets.

 (d) Level 3 security

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
China Internet Plus Holdings Ltd. Series A-11 1/26/15 $6,268,244 

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $683,422 
Fidelity Securities Lending Cash Central Fund 166,972 
Total $850,394 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $165,029,177 $155,113,737 $-- $9,915,440 
Consumer Staples 39,521,252 39,521,252 -- -- 
Energy 57,546,495 17,854,492 39,692,003 -- 
Financials 234,965,084 174,456,926 60,508,158 -- 
Health Care 33,798,397 33,798,397 -- -- 
Industrials 64,454,845 64,454,845 -- -- 
Information Technology 542,888,302 300,671,439 242,216,863 -- 
Materials 58,454,658 58,454,658 -- -- 
Real Estate 58,957,616 58,957,616 -- -- 
Telecommunication Services 24,182,077 6,813,867 17,368,210 -- 
Utilities 23,697,135 23,697,135 -- -- 
Money Market Funds 21,343,053 21,343,053 -- -- 
Total Investments in Securities: $1,324,838,091 $955,137,417 $359,785,234 $9,915,440 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $30,163,509 
Level 2 to Level 1 $0 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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. Equity securities, including restricted securities, for which observable inputs are not available, are valued using alternate valuation approaches, including the market approach and the income approach and are categorized as Level 3 in the hierarchy. The market approach generally consists of using comparable market transactions while the income approach generally consists of using the net present value of estimated future cash flows, adjusted as appropriate for liquidity, credit, market and/or other risk factors.

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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Japan Smaller Companies Fund

July 31, 2018







JSC-QTLY-0918
1.804823.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%   
 Shares Value 
CONSUMER DISCRETIONARY - 20.2%   
Auto Components - 3.7%   
Bridgestone Corp. 264,900 $10,449,351 
Hi-Lex Corp. 241,500 5,999,973 
Sumitomo Electric Industries Ltd. 869,500 13,375,643 
  29,824,967 
Automobiles - 2.2%   
Isuzu Motors Ltd. 761,000 10,298,407 
Subaru Corp. 258,000 7,540,160 
  17,838,567 
Distributors - 3.2%   
Central Automotive Products Ltd. 885,000 14,397,129 
Chori Co. Ltd. 196,100 3,639,114 
PALTAC Corp. 140,000 7,387,202 
  25,423,445 
Hotels, Restaurants & Leisure - 1.4%   
Koshidaka Holdings Co. Ltd. 972,000 11,179,108 
Household Durables - 0.9%   
Panasonic Corp. 570,000 7,323,994 
Media - 2.4%   
Daiichikosho Co. Ltd. 197,900 9,380,405 
Hakuhodo DY Holdings, Inc. 650,000 9,963,779 
  19,344,184 
Specialty Retail - 5.2%   
Arc Land Sakamoto Co. Ltd. 466,700 6,527,915 
Fuji Corp. (a) 340,600 8,117,864 
Nitori Holdings Co. Ltd. 68,600 10,346,903 
VT Holdings Co. Ltd. 1,223,900 6,217,191 
Workman Co. Ltd. 244,000 10,932,701 
  42,142,574 
Textiles, Apparel & Luxury Goods - 1.2%   
Hagihara Industries, Inc. 565,600 9,823,326 
TOTAL CONSUMER DISCRETIONARY  162,900,165 
CONSUMER STAPLES - 8.2%   
Food & Staples Retailing - 3.0%   
Kirindo Holdings Co. Ltd. 301,100 6,107,363 
Mitsubishi Shokuhin Co. Ltd. 342,300 9,150,245 
San-A Co. Ltd. 184,000 8,441,801 
  23,699,409 
Food Products - 5.2%   
Japan Meat Co. Ltd. 447,400 8,438,641 
Kotobuki Spirits Co. Ltd. 265,000 12,371,328 
Morinaga & Co. Ltd. 209,700 9,714,672 
S Foods, Inc. 292,700 11,478,688 
  42,003,329 
TOTAL CONSUMER STAPLES  65,702,738 
ENERGY - 2.2%   
Energy Equipment & Services - 0.9%   
Shinko Plantech Co. Ltd. 798,000 7,529,312 
Oil, Gas & Consumable Fuels - 1.3%   
San-Ai Oil Co. Ltd. 820,800 10,511,878 
TOTAL ENERGY  18,041,190 
FINANCIALS - 8.5%   
Banks - 2.2%   
Mitsubishi UFJ Financial Group, Inc. 1,374,600 8,435,736 
Shinsei Bank Ltd. 603,300 9,502,021 
  17,937,757 
Consumer Finance - 0.8%   
AEON Financial Service Co. Ltd. 291,600 6,005,946 
Diversified Financial Services - 2.6%   
Fuyo General Lease Co. Ltd. 145,300 9,057,291 
ORIX Corp. 756,800 12,250,664 
  21,307,955 
Insurance - 2.9%   
T&D Holdings, Inc. 848,000 12,670,881 
Tokio Marine Holdings, Inc. 219,500 10,442,924 
  23,113,805 
TOTAL FINANCIALS  68,365,463 
HEALTH CARE - 5.5%   
Health Care Equipment & Supplies - 2.2%   
Medikit Co. Ltd. 216,100 11,653,919 
Paramount Bed Holdings Co. Ltd. 138,900 5,869,539 
  17,523,458 
Health Care Providers & Services - 2.1%   
A/S One Corp. 241,000 16,833,251 
Pharmaceuticals - 1.2%   
Astellas Pharma, Inc. 618,500 10,088,282 
TOTAL HEALTH CARE  44,444,991 
INDUSTRIALS - 26.2%   
Air Freight & Logistics - 0.7%   
AIT Corp. 573,220 5,613,521 
Airlines - 1.4%   
Japan Airlines Co. Ltd. 309,600 11,416,007 
Building Products - 2.7%   
Sekisui Jushi Corp. 581,300 10,454,718 
Sinko Industries Ltd. 603,800 11,113,182 
  21,567,900 
Commercial Services & Supplies - 3.3%   
Aeon Delight Co. Ltd. 329,300 12,030,501 
ProNexus, Inc. 594,900 6,911,193 
Secom Joshinetsu Co. Ltd. 240,000 7,501,677 
  26,443,371 
Construction & Engineering - 2.1%   
Hokuriku Electrical Construction Co. Ltd. 859,300 8,230,652 
Toshiba Plant Systems & Services Corp. 396,500 8,762,255 
  16,992,907 
Electrical Equipment - 1.8%   
Aichi Electric Co. Ltd. 188,500 5,605,353 
Denyo Co. Ltd. 568,100 8,637,213 
  14,242,566 
Machinery - 2.9%   
Mitsubishi Heavy Industries Ltd. 356,700 13,394,486 
NGK Insulators Ltd. 565,000 9,922,267 
  23,316,753 
Marine - 0.8%   
Nippon Concept Corp. 560,000 6,836,292 
Professional Services - 3.5%   
Funai Soken Holdings, Inc. 376,480 8,195,254 
Yamada Consulting Group Co. Ltd. 742,800 20,228,289 
  28,423,543 
Trading Companies & Distributors - 5.7%   
Inaba Denki Sangyo Co. Ltd. 268,800 11,334,723 
Itochu Corp. 460,000 8,167,943 
Mitani Shoji Co. Ltd. 143,100 6,654,921 
Trusco Nakayama Corp. 387,500 9,765,908 
Yuasa Trading Co. Ltd. 305,800 9,954,943 
  45,878,438 
Transportation Infrastructure - 1.3%   
Kamigumi Co. Ltd. 487,000 10,174,234 
TOTAL INDUSTRIALS  210,905,532 
INFORMATION TECHNOLOGY - 14.0%   
Electronic Equipment & Components - 3.4%   
Amano Corp. 523,200 10,733,987 
Dexerials Corp. 836,500 8,251,661 
Hitachi High-Technologies Corp. 200,000 8,156,330 
  27,141,978 
Internet Software & Services - 1.9%   
Aucnet, Inc. (a) 570,000 8,513,169 
DeNA Co. Ltd. 357,300 6,738,909 
  15,252,078 
IT Services - 4.0%   
Fujitsu Ltd. 1,920,000 13,085,617 
Otsuka Corp. 272,000 10,606,090 
TKC Corp. 238,200 8,862,067 
  32,553,774 
Semiconductors & Semiconductor Equipment - 1.2%   
Renesas Electronics Corp. (b) 1,130,000 10,065,555 
Software - 1.9%   
Broadleaf Co. Ltd. 1,096,400 6,628,506 
Oracle Corp. Japan 100,200 8,405,634 
  15,034,140 
Technology Hardware, Storage & Peripherals - 1.6%   
Elecom Co. Ltd. 543,500 12,895,457 
TOTAL INFORMATION TECHNOLOGY  112,942,982 
MATERIALS - 8.8%   
Chemicals - 5.8%   
C. Uyemura & Co. Ltd. 131,400 9,871,305 
Lintec Corp. 458,000 13,455,529 
Mitsubishi Chemical Holdings Corp. 1,604,800 14,057,178 
SK Kaken Co. Ltd. 103,000 9,580,110 
  46,964,122 
Construction Materials - 1.3%   
Taiheiyo Cement Corp. 328,500 10,379,871 
Metals & Mining - 1.7%   
JFE Holdings, Inc. 662,000 13,452,036 
TOTAL MATERIALS  70,796,029 
REAL ESTATE - 1.5%   
Real Estate Management & Development - 1.5%   
Century21 Real Estate Japan Ltd. 355,400 3,947,653 
Daito Trust Construction Co. Ltd. 47,400 7,912,364 
  11,860,017 
UTILITIES - 2.6%   
Electric Utilities - 1.2%   
The Okinawa Electric Power Co., Inc. 445,740 9,702,912 
Gas Utilities - 1.4%   
Tokyo Gas Co. Ltd. 457,200 11,167,299 
TOTAL UTILITIES  20,870,211 
TOTAL COMMON STOCKS   
(Cost $576,429,443)  786,829,318 
Money Market Funds - 2.3%   
Fidelity Cash Central Fund, 1.96% (c) 18,260,701 18,264,353 
Fidelity Securities Lending Cash Central Fund 1.97% (c)(d) 350,451 350,486 
TOTAL MONEY MARKET FUNDS   
(Cost $18,614,822)  18,614,839 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $595,044,265)  805,444,157 
NET OTHER ASSETS (LIABILITIES) - 0.0%  71,795 
NET ASSETS - 100%  $805,515,952 

Legend

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

 (b) Non-income producing

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

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 $431,538 
Fidelity Securities Lending Cash Central Fund 41,435 
Total $472,973 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $162,900,165 $113,912,610 $48,987,555 $-- 
Consumer Staples 65,702,738 65,702,738 -- -- 
Energy 18,041,190 18,041,190 -- -- 
Financials 68,365,463 27,313,901 41,051,562 -- 
Health Care 44,444,991 34,356,709 10,088,282 -- 
Industrials 210,905,532 179,420,836 31,484,696 -- 
Information Technology 112,942,982 93,118,456 19,824,526 -- 
Materials 70,796,029 32,906,944 37,889,085 -- 
Real Estate 11,860,017 11,860,017 -- -- 
Utilities 20,870,211 9,702,912 11,167,299 -- 
Money Market Funds 18,614,839 18,614,839 -- -- 
Total Investments in Securities: $805,444,157 $604,951,152 $200,493,005 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $515,291,617 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Small Cap Fund

July 31, 2018







ISC-QTLY-0918
1.804839.114





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.0%   
 Shares Value 
Australia - 5.3%   
Aub Group Ltd. 842,699 $8,207,951 
Austal Ltd. 3,090,176 3,925,897 
Challenger Ltd. 733,703 6,781,102 
GUD Holdings Ltd. 1,620,164 17,092,552 
Hansen Technologies Ltd. 3,299,442 8,285,463 
Imdex Ltd. (a) 12,316,526 11,300,945 
Inghams Group Ltd. (b) 7,861,299 21,434,826 
Nanosonics Ltd. (a)(b) 4,278,690 10,045,175 
Pact Group Holdings Ltd. (c) 3,120,432 12,542,138 
Reckon Ltd. 5,193,683 3,376,316 
Servcorp Ltd. 3,303,570 10,701,129 
SomnoMed Ltd. (a)(b) 2,687,331 3,993,105 
TOTAL AUSTRALIA  117,686,599 
Austria - 1.9%   
Andritz AG 222,732 12,637,115 
IMMOFINANZ Immobilien Anlagen AG 608,174 16,001,286 
Wienerberger AG 594,700 14,589,753 
TOTAL AUSTRIA  43,228,154 
Belgium - 0.7%   
Barco NV 104,983 14,878,739 
Bermuda - 1.8%   
China Resource Gas Group Ltd. 3,600,000 17,061,937 
Hiscox Ltd. 660,225 13,847,922 
Petra Diamonds Ltd. (a)(b) 15,357,452 9,292,572 
TOTAL BERMUDA  40,202,431 
Brazil - 1.4%   
Banco ABC Brasil SA rights 8/2/18 (a) 74,134 67,413 
Estacio Participacoes SA 2,369,500 16,382,523 
Sul America SA unit 2,657,900 15,628,874 
TOTAL BRAZIL  32,078,810 
Canada - 6.1%   
AutoCanada, Inc. (b) 730,984 8,125,478 
Dorel Industries, Inc. Class B (sub. vtg.) 426,803 7,825,077 
Genesis Land Development Corp. (d) 2,266,422 6,672,865 
Lassonde Industries, Inc. Class A (sub. vtg.) 82,669 16,853,456 
McCoy Global, Inc. (a) 1,336,170 1,345,568 
North West Co., Inc. 780,500 17,831,772 
Open Text Corp. 375,396 13,970,035 
Pinnacle Renewable Holds, Inc. 1,114,525 13,014,287 
Total Energy Services, Inc. 623,400 5,271,476 
TransForce, Inc. 494,500 16,421,878 
Western Forest Products, Inc. 7,688,800 14,303,645 
Whitecap Resources, Inc. 2,041,153 13,478,498 
TOTAL CANADA  135,114,035 
Cayman Islands - 3.6%   
AMVIG Holdings Ltd. 28,280,000 6,953,759 
Best Pacific International Holdings Ltd. 17,248,000 6,372,644 
China High Precision Automation Group Ltd. (a)(e) 712,000 
China Metal Recycling (Holdings) Ltd. (a)(e) 436,800 
Haitian International Holdings Ltd. 3,613,000 8,515,744 
Pico Far East Holdings Ltd. 22,783,200 9,433,677 
Precision Tsugami China Corp. Ltd. 6,865,000 6,620,935 
SITC International Holdings Co. Ltd. 17,898,000 17,375,703 
Value Partners Group Ltd. 13,702,000 10,666,160 
Xingda International Holdings Ltd. 41,759,909 13,247,740 
TOTAL CAYMAN ISLANDS  79,186,364 
China - 1.1%   
Qingdao Port International Co. Ltd. (c) 18,775,000 13,682,293 
Weifu High-Technology Group Co. Ltd. (B Shares) 5,568,804 11,458,225 
TOTAL CHINA  25,140,518 
Denmark - 1.8%   
Jyske Bank A/S (Reg.) 173,403 9,814,982 
Netcompany Group A/S 67,263 2,446,676 
Scandinavian Tobacco Group A/S (c) 926,028 15,069,180 
Spar Nord Bank A/S 1,133,800 12,223,060 
TOTAL DENMARK  39,553,898 
Finland - 2.5%   
Amer Group PLC (A Shares) 357,945 11,489,554 
Asiakastieto Group Oyj (c) 462,823 16,614,904 
Cramo Oyj (B Shares) 424,710 9,068,549 
Olvi PLC (A Shares) 338,738 12,754,526 
Tikkurila Oyj (b) 309,646 5,691,969 
TOTAL FINLAND  55,619,502 
France - 3.3%   
Altarea SCA 61,330 13,468,309 
Elis SA 224,700 5,165,723 
Maisons du Monde SA (c) 282,807 8,651,122 
Rexel SA 666,500 10,431,891 
The Vicat Group 195,156 12,631,184 
Thermador Groupe SA 149,166 9,872,583 
Wendel SA 94,535 13,784,899 
TOTAL FRANCE  74,005,711 
Germany - 1.0%   
Bertrandt AG 134,127 13,566,782 
SHW Group 263,739 9,822,642 
TOTAL GERMANY  23,389,424 
Greece - 0.8%   
Mytilineos Holdings SA 1,704,716 17,143,323 
Hong Kong - 2.3%   
Dah Sing Banking Group Ltd. 7,554,400 16,034,591 
Far East Horizon Ltd. 8,745,000 8,422,956 
Magnificent Hotel Investment Ltd. 266,270,000 6,886,542 
Sino Land Ltd. 8,169,251 14,029,915 
Techtronic Industries Co. Ltd. 1,221,000 6,797,982 
TOTAL HONG KONG  52,171,986 
India - 0.6%   
HDFC Asset Management Co. Ltd. (a) 2,119 34,048 
Torrent Pharmaceuticals Ltd. 555,058 12,393,539 
TOTAL INDIA  12,427,587 
Indonesia - 0.6%   
PT ACE Hardware Indonesia Tbk 80,626,400 7,324,590 
PT Media Nusantara Citra Tbk 75,080,400 5,128,585 
TOTAL INDONESIA  12,453,175 
Ireland - 1.3%   
Mincon Group PLC 7,189,744 12,610,991 
Origin Enterprises PLC 920,300 6,499,963 
United Drug PLC (United Kingdom) 907,549 10,006,109 
TOTAL IRELAND  29,117,063 
Isle of Man - 0.0%   
Playtech Ltd. 101,123 713,817 
Israel - 0.7%   
Frutarom Industries Ltd. 159,889 16,140,421 
Italy - 0.9%   
Banca Generali SpA 487,500 13,156,942 
Banco di Desio e della Brianza SpA 2,376,445 6,085,782 
TOTAL ITALY  19,242,724 
Japan - 21.5%   
A/S One Corp. 174,000 12,153,468 
Aeon Delight Co. Ltd. 391,100 14,288,275 
Arata Corp. 228,700 12,312,963 
Arc Land Sakamoto Co. Ltd. 815,000 11,399,723 
Aucnet, Inc. 832,900 12,439,682 
Broadleaf Co. Ltd. 1,412,600 8,540,157 
Central Automotive Products Ltd. 339,100 5,516,459 
Daiwa Industries Ltd. 1,013,800 11,460,387 
Dexerials Corp. 1,321,000 13,031,016 
Funai Soken Holdings, Inc. 297,180 6,469,044 
GMO Internet, Inc. 473,700 10,044,651 
Iida Group Holdings Co. Ltd. 767,951 15,034,161 
Isuzu Motors Ltd. 1,033,100 13,980,663 
Japan Meat Co. Ltd. 668,200 12,603,263 
JSR Corp. 1,253,200 23,995,897 
Kirindo Holdings Co. Ltd. (d) 647,909 13,141,865 
Kotobuki Spirits Co. Ltd. 133,400 6,227,680 
Meitec Corp. 211,400 10,474,051 
Mitani Shoji Co. Ltd. 285,700 13,286,589 
Morinaga & Co. Ltd. 321,600 14,898,609 
Nihon Parkerizing Co. Ltd. 1,062,000 15,718,911 
Nitori Holdings Co. Ltd. 31,100 4,690,797 
Otsuka Corp. 139,600 5,443,420 
PALTAC Corp. 351,100 18,526,047 
Paramount Bed Holdings Co. Ltd. 408,800 17,274,784 
Renesas Electronics Corp. (a) 1,638,900 14,598,617 
Ricoh Leasing Co. Ltd. 179,300 5,852,927 
S Foods, Inc. 586,500 23,000,514 
San-Ai Oil Co. Ltd. 1,007,300 12,900,359 
Shinsei Bank Ltd. 975,900 15,370,500 
Ship Healthcare Holdings, Inc. 569,500 22,079,171 
Taiheiyo Cement Corp. 338,400 10,692,689 
TKC Corp. 253,300 9,423,852 
Toshiba Plant Systems & Services Corp. 751,300 16,602,981 
Tsuruha Holdings, Inc. 80,700 9,916,541 
VT Holdings Co. Ltd. 1,703,600 8,653,980 
Welcia Holdings Co. Ltd. 187,200 9,492,680 
Yamada Consulting Group Co. Ltd. (b) 681,580 18,561,115 
TOTAL JAPAN  480,098,488 
Korea (South) - 0.9%   
Hyundai Fire & Marine Insurance Co. Ltd. 398,546 13,118,190 
NS Shopping Co. Ltd. 670,148 7,553,286 
TOTAL KOREA (SOUTH)  20,671,476 
Mexico - 1.1%   
Credito Real S.A.B. de CV 6,947,800 9,800,414 
Genomma Lab Internacional SA de CV (a) 18,197,300 14,518,590 
TOTAL MEXICO  24,319,004 
Netherlands - 2.9%   
Amsterdam Commodities NV 434,255 10,181,312 
Arcadis NV 705,889 12,909,746 
Basic-Fit NV (a)(c) 277,600 9,056,663 
BinckBank NV 1,289,658 7,811,759 
Philips Lighting NV (c) 490,300 13,599,442 
RHI Magnesita NV 167,810 10,596,346 
TOTAL NETHERLANDS  64,155,268 
New Zealand - 1.0%   
Air New Zealand Ltd. 4,994,071 11,045,846 
EBOS Group Ltd. 753,865 10,379,455 
TOTAL NEW ZEALAND  21,425,301 
Norway - 0.6%   
ABG Sundal Collier ASA 9,302,826 6,615,019 
Skandiabanken ASA (c) 597,499 5,786,986 
TOTAL NORWAY  12,402,005 
Philippines - 0.3%   
Century Pacific Food, Inc. 25,480,600 7,449,765 
Romania - 0.6%   
Banca Transilvania SA 20,050,864 12,705,347 
Singapore - 1.6%   
Boustead Singapore Ltd. 9,089,669 5,508,486 
Hour Glass Ltd. 8,153,900 3,863,272 
Mapletree Industrial (REIT) 8,577,494 12,601,453 
Wing Tai Holdings Ltd. 9,079,100 13,805,221 
TOTAL SINGAPORE  35,778,432 
South Africa - 0.5%   
Clicks Group Ltd. 740,718 10,871,552 
Sweden - 1.8%   
AddTech AB (B Shares) 433,819 9,827,958 
Coor Service Management Holding AB (c) 727,300 6,038,121 
Dustin Group AB (c) 1,224,245 12,600,341 
Granges AB 887,021 11,106,740 
TOTAL SWEDEN  39,573,160 
Switzerland - 0.6%   
Vontobel Holdings AG 208,799 14,497,734 
Taiwan - 3.7%   
King's Town Bank 9,613,000 10,121,925 
Lumax International Corp. Ltd. 4,466,600 8,894,933 
Makalot Industrial Co. Ltd. 3,227,540 14,353,535 
Sporton International, Inc. 2,290,740 10,786,651 
Test Research, Inc. 5,769,000 10,790,582 
Tripod Technology Corp. 4,315,000 11,908,898 
United Microelectronics Corp. 16,844,000 9,656,639 
Yung Chi Paint & Varnish Manufacturing Co. Ltd. 2,243,000 5,904,369 
TOTAL TAIWAN  82,417,532 
Thailand - 1.4%   
Delta Electronics PCL (For. Reg.) 3,327,600 6,976,258 
Star Petroleum Refining PCL 36,109,700 15,846,156 
TISCO Financial Group PCL 3,832,700 8,985,591 
TOTAL THAILAND  31,808,005 
Turkey - 0.2%   
Aygaz A/S 2,129,000 4,478,010 
United Kingdom - 17.6%   
AEW UK REIT PLC (b) 4,299,768 5,423,558 
Alliance Pharma PLC 10,027,865 12,267,053 
Bond International Software PLC (a)(e) 899,666 12 
Cineworld Group PLC 6,230,280 22,161,171 
Close Brothers Group PLC 512,823 10,688,921 
Countrywide PLC (a) 6,589,307 4,207,639 
Diploma PLC 593,351 10,249,046 
Elementis PLC 3,563,100 12,168,895 
Essentra PLC 1,862,380 11,762,775 
Indivior PLC (a) 1,927,100 7,734,951 
Informa PLC 1,800,524 18,655,715 
ITE Group PLC 12,369,930 13,476,006 
James Fisher and Sons PLC 301,900 7,140,584 
Jardine Lloyd Thompson Group PLC 451,682 8,359,258 
John Wood Group PLC 2,211,800 18,864,331 
Knights Group Holdings PLC (a)(d) 3,625,000 8,279,385 
LivaNova PLC (a) 248,900 27,411,348 
Luxfer Holdings PLC sponsored 1,237,309 22,890,217 
McColl's Retail Group PLC 5,538,781 10,904,890 
Mears Group PLC 2,897,612 12,360,597 
Melrose Industries PLC 4,538,440 12,861,011 
Micro Focus International PLC 1,190,140 19,420,047 
Moneysupermarket.com Group PLC 3,433,343 14,154,710 
PayPoint PLC 806,811 9,880,281 
Sabre Insurance Group PLC (c) 2,916,015 10,640,215 
Sinclair Pharma PLC (a) 20,361,055 5,585,505 
Spectris PLC 394,991 12,002,012 
Ten Entertainment Group PLC (d) 3,787,019 12,824,282 
The Weir Group PLC 479,638 12,266,759 
Topps Tiles PLC 6,514,169 5,164,304 
Tullett Prebon PLC 3,567,026 13,109,320 
Ultra Electronics Holdings PLC 381,497 8,267,116 
Volution Group PLC 3,772,200 10,050,938 
TOTAL UNITED KINGDOM  391,232,852 
TOTAL COMMON STOCKS   
(Cost $1,868,193,071)  2,093,378,212 
Nonconvertible Preferred Stocks - 0.4%   
Brazil - 0.4%   
Banco ABC Brasil SA   
(Cost $7,889,490) 1,960,322 8,105,986 
Money Market Funds - 5.6%   
Fidelity Cash Central Fund, 1.96% (f) 105,536,465 105,557,572 
Fidelity Securities Lending Cash Central Fund 1.97% (f)(g) 20,519,553 20,521,605 
TOTAL MONEY MARKET FUNDS   
(Cost $126,070,655)  126,079,177 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $2,002,153,216)  2,227,563,375 
NET OTHER ASSETS (LIABILITIES) - 0.0%  1,698,499 
NET ASSETS - 100%  $2,229,261,874 

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

Legend

 (a) Non-income producing

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

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $124,281,405 or 5.6% of net assets.

 (d) Affiliated company

 (e) Level 3 security

 (f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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 $1,096,921 
Fidelity Securities Lending Cash Central Fund 220,296 
Total $1,317,217 

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

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 Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Genesis Land Development Corp. $6,005,072 $672,245 $-- $340,481 $-- $(4,452) $6,672,865 
Kirindo Holdings Co. Ltd. 8,403,137 433,324 -- 93,640 -- 4,305,404 13,141,865 
Knights Group Holdings PLC -- 6,948,763 -- -- -- 1,330,622 8,279,385 
Ten Entertainment Group PLC 10,172,260 863,196 -- 496,457 -- 1,788,826 12,824,282 
Total $24,580,469 $8,917,528 $-- $930,578 $-- $7,420,400 $40,918,397 

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $364,855,503 $350,874,840 $13,980,663 $-- 
Consumer Staples 219,132,394 219,132,394 -- -- 
Energy 80,720,675 80,720,675 -- -- 
Financials 296,326,774 280,854,813 15,471,961 -- 
Health Care 165,842,253 165,842,253 -- -- 
Industrials 435,775,043 435,775,043 -- -- 
Information Technology 214,987,225 185,910,526 29,076,686 13 
Materials 205,393,009 194,700,319 10,692,689 
Real Estate 96,911,375 96,911,375 -- -- 
Utilities 21,539,947 21,539,947 -- -- 
Money Market Funds 126,079,177 126,079,177 -- -- 
Total Investments in Securities: $2,227,563,375 $2,158,341,362 $69,221,999 $14 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $19,940,948 
Level 2 to Level 1 $326,046,864 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Small Cap Opportunities Fund

July 31, 2018







ILS-QTLY-0918
1.834743.112





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 88.6%   
 Shares Value 
Australia - 2.0%   
Accent Group Ltd. 2,885,449 $3,065,554 
Adelaide Brighton Ltd. 1,356,857 6,935,569 
Beacon Lighting Group Ltd. 2,785,250 2,979,794 
DuluxGroup Ltd. 1,827,588 10,387,220 
Imdex Ltd. (a) 4,040,102 3,706,968 
Quintis Ltd. (a)(b)(c) 2,011,191 15 
TOTAL AUSTRALIA  27,075,120 
Austria - 0.7%   
Andritz AG 172,500 9,787,109 
Bailiwick of Jersey - 0.5%   
Integrated Diagnostics Holdings PLC (d) 1,483,779 6,306,061 
Belgium - 1.6%   
KBC Ancora 404,548 22,214,813 
Bermuda - 0.4%   
Vostok New Ventures Ltd. (depositary receipt) (a) 701,789 6,049,802 
Canada - 1.4%   
McCoy Global, Inc. (a) 634,315 638,777 
New Look Vision Group, Inc. 227,200 5,850,944 
Pason Systems, Inc. 331,800 5,091,077 
PrairieSky Royalty Ltd. 182,700 3,466,223 
ShawCor Ltd. Class A 164,900 3,359,227 
TOTAL CANADA  18,406,248 
Cayman Islands - 0.5%   
58.com, Inc. ADR (a) 56,600 3,806,916 
Value Partners Group Ltd. 4,465,000 3,475,726 
TOTAL CAYMAN ISLANDS  7,282,642 
Denmark - 2.6%   
Jyske Bank A/S (Reg.) 203,127 11,497,424 
Netcompany Group A/S 64,605 2,349,992 
Scandinavian Tobacco Group A/S (d) 296,306 4,821,764 
SimCorp A/S 82,800 7,068,316 
Spar Nord Bank A/S 893,969 9,637,534 
TOTAL DENMARK  35,375,030 
Finland - 0.6%   
Tikkurila Oyj (b) 425,746 7,826,140 
France - 2.8%   
Elis SA 875,542 20,128,204 
Laurent-Perrier Group SA 51,163 6,401,538 
Vetoquinol SA 110,184 7,086,401 
Virbac SA (a) 32,652 4,658,157 
TOTAL FRANCE  38,274,300 
Germany - 4.4%   
CompuGroup Medical AG 429,921 23,970,077 
CTS Eventim AG 381,593 17,991,420 
Nexus AG 291,358 9,028,536 
WashTec AG 95,774 8,365,902 
TOTAL GERMANY  59,355,935 
Greece - 0.3%   
Motor Oil (HELLAS) Corinth Refineries SA 161,800 3,435,887 
India - 0.2%   
HDFC Asset Management Co. Ltd. (a) 128 2,057 
Jyothy Laboratories Ltd. 917,276 2,951,067 
TOTAL INDIA  2,953,124 
Ireland - 1.1%   
FBD Holdings PLC 243,128 2,942,523 
James Hardie Industries PLC CDI 775,840 12,392,822 
TOTAL IRELAND  15,335,345 
Isle of Man - 0.4%   
Playtech Ltd. 842,831 5,949,455 
Israel - 2.2%   
Azrieli Group 59,105 2,827,937 
Ituran Location & Control Ltd. 454,908 15,489,617 
Strauss Group Ltd. 528,344 10,818,089 
TOTAL ISRAEL  29,135,643 
Italy - 1.5%   
Interpump Group SpA 654,343 20,613,302 
Japan - 33.0%   
Ai Holdings Corp. 202,400 4,478,269 
Aoki Super Co. Ltd. 330,000 3,889,818 
Artnature, Inc. 518,200 3,628,767 
Asahi Co. Ltd. 75,300 930,012 
Aucnet, Inc. 193,320 2,887,309 
Azbil Corp. 674,200 29,514,904 
Broadleaf Co. Ltd. 663,800 4,013,136 
Central Automotive Products Ltd. 135,400 2,202,679 
Century21 Real Estate Japan Ltd. 66,500 738,658 
Coca-Cola West Co. Ltd. 137,475 4,948,682 
Daiichikosho Co. Ltd. 284,400 13,480,481 
Daikokutenbussan Co. Ltd. 205,900 9,115,101 
Funai Soken Holdings, Inc. 373,550 8,131,473 
GCA Savvian Group Corp. 555,461 4,321,881 
Goldcrest Co. Ltd. 599,130 10,309,226 
Iwatsuka Confectionary Co. Ltd. 21,400 948,325 
Kobayashi Pharmaceutical Co. Ltd. 128,400 10,690,909 
Koshidaka Holdings Co. Ltd. 883,600 10,162,408 
Kusuri No Aoki Holdings Co. Ltd. 122,800 9,005,590 
Lasertec Corp. 534,372 15,770,940 
Medikit Co. Ltd. 111,100 5,991,441 
Miroku Jyoho Service Co., Ltd. 169,800 4,080,424 
Misumi Group, Inc. 481,400 12,235,736 
Mitsuboshi Belting Ltd. 181,000 2,233,868 
Nabtesco Corp. 455,400 14,071,520 
Nagaileben Co. Ltd. 613,100 16,230,166 
Nakano Refrigerators Co. Ltd. 136,500 7,263,560 
ND Software Co. Ltd. 97,942 1,051,115 
Nihon Parkerizing Co. Ltd. 1,449,000 21,446,988 
NS Tool Co. Ltd. (b) 156,800 4,139,638 
OBIC Co. Ltd. 295,300 25,300,487 
OSG Corp. 1,008,100 22,638,636 
Paramount Bed Holdings Co. Ltd. 351,000 14,832,312 
ProNexus, Inc. 472,400 5,488,062 
San-Ai Oil Co. Ltd. 962,400 12,325,330 
SHO-BOND Holdings Co. Ltd. 302,800 21,149,828 
Shoei Co. Ltd. 400,626 17,090,605 
SK Kaken Co. Ltd. 93,000 8,650,002 
Software Service, Inc. 92,000 6,541,162 
Techno Medica Co. Ltd. 80,791 1,528,898 
The Monogatari Corp. 63,400 5,840,182 
TKC Corp. 193,600 7,202,755 
Tocalo Co. Ltd. 468,000 5,340,679 
USS Co. Ltd. 966,500 18,290,158 
Welcia Holdings Co. Ltd. 191,700 9,720,869 
Workman Co. Ltd. 229,500 10,283,012 
Yamada Consulting Group Co. Ltd. 397,800 10,833,081 
Yamato Kogyo Co. Ltd. 141,400 4,400,769 
TOTAL JAPAN  445,369,851 
Korea (South) - 0.8%   
BGF Retail Co. Ltd. 51,626 7,835,679 
Leeno Industrial, Inc. 57,128 3,432,390 
TOTAL KOREA (SOUTH)  11,268,069 
Mexico - 0.2%   
Consorcio ARA S.A.B. de CV 8,852,578 3,310,618 
Netherlands - 2.0%   
Aalberts Industries NV 319,501 14,496,010 
Takeaway.com Holding BV (a)(d) 99,887 6,669,444 
VastNed Retail NV 114,002 5,179,025 
TOTAL NETHERLANDS  26,344,479 
Norway - 1.2%   
Kongsberg Gruppen ASA 493,073 10,022,681 
Skandiabanken ASA (d) 623,200 6,035,909 
TOTAL NORWAY  16,058,590 
Philippines - 0.5%   
Jollibee Food Corp. 1,309,740 6,670,373 
South Africa - 1.0%   
Clicks Group Ltd. 877,329 12,876,598 
Spain - 2.0%   
Merlin Properties Socimi SA 545,300 8,066,229 
Prosegur Compania de Seguridad SA (Reg.) 2,793,190 18,584,773 
TOTAL SPAIN  26,651,002 
Sweden - 4.8%   
Addlife AB 190,900 4,580,931 
AddTech AB (B Shares) 613,543 13,899,518 
Fagerhult AB (b) 1,435,439 13,549,655 
Lagercrantz Group AB (B Shares) 929,775 9,738,743 
Loomis AB (B Shares) 329,600 10,338,246 
Saab AB (B Shares) 265,300 12,234,705 
TOTAL SWEDEN  64,341,798 
Switzerland - 0.8%   
Tecan Group AG 41,295 10,484,839 
Taiwan - 0.4%   
Addcn Technology Co. Ltd. 638,435 5,678,504 
United Kingdom - 16.2%   
Alliance Pharma PLC 5,436,041 6,649,890 
Ascential PLC 2,175,286 11,991,721 
Avon Rubber PLC 268,500 5,127,706 
Cineworld Group PLC 1,533,300 5,453,964 
Dechra Pharmaceuticals PLC 751,609 29,457,618 
DP Poland PLC (a) 7,057,200 2,732,564 
Elementis PLC 4,052,510 13,840,355 
Great Portland Estates PLC 1,101,542 10,350,689 
Hilton Food Group PLC 314,488 3,946,189 
Howden Joinery Group PLC 793,000 4,965,906 
Informa PLC 1,684,956 17,458,284 
InterContinental Hotel Group PLC ADR (b) 72,195 4,490,529 
ITE Group PLC 8,975,193 9,777,723 
Rightmove PLC 162,747 10,405,117 
Shaftesbury PLC 1,227,173 15,011,966 
Spectris PLC 872,978 26,525,901 
Spirax-Sarco Engineering PLC 331,991 30,263,170 
Topps Tiles PLC 3,398,115 2,693,958 
Ultra Electronics Holdings PLC 366,558 7,943,385 
TOTAL UNITED KINGDOM  219,086,635 
United States of America - 2.5%   
Autoliv, Inc. (b) 31,300 3,206,998 
Martin Marietta Materials, Inc. 23,820 4,750,184 
Mohawk Industries, Inc. (a) 14,300 2,693,548 
PriceSmart, Inc. 124,574 10,183,925 
ResMed, Inc. 68,095 7,203,089 
Veoneer, Inc. (a)(b) 108,500 5,674,550 
TOTAL UNITED STATES OF AMERICA  33,712,294 
TOTAL COMMON STOCKS   
(Cost $912,879,751)  1,197,229,606 
Nonconvertible Preferred Stocks - 1.2%   
Germany - 1.2%   
Sartorius AG (non-vtg.)   
(Cost $2,994,083) 103,080 16,754,587 
Investment Companies - 4.5%   
United States of America - 4.5%   
iShares MSCI EAFE Small-Cap ETF (b)   
(Cost $63,271,285) 955,000 60,623,399 
Money Market Funds - 6.3%   
Fidelity Cash Central Fund, 1.96% (e) 72,131,634 72,146,061 
Fidelity Securities Lending Cash Central Fund 1.97% (e)(f) 12,782,428 12,783,707 
TOTAL MONEY MARKET FUNDS   
(Cost $84,929,768)  84,929,768 
TOTAL INVESTMENT IN SECURITIES - 100.6%   
(Cost $1,064,074,887)  1,359,537,360 
NET OTHER ASSETS (LIABILITIES) - (0.6)%  (8,615,893) 
NET ASSETS - 100%  $1,350,921,467 

Security Type Abbreviations

ETF – Exchange-Traded Fund

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

Legend

 (a) Non-income producing

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

 (c) Level 3 security

 (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $23,833,178 or 1.8% of net assets.

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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 $600,777 
Fidelity Securities Lending Cash Central Fund 71,201 
Total $671,978 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $196,940,978 $196,940,978 $-- $-- 
Consumer Staples 111,782,910 111,782,910 -- -- 
Energy 28,316,521 28,316,521 -- -- 
Financials 66,177,669 66,175,612 2,057 -- 
Health Care 172,355,280 172,355,280 -- -- 
Industrials 313,846,353 313,846,353 -- -- 
Information Technology 177,743,720 177,743,720 -- -- 
Materials 94,337,032 94,337,017 -- 15 
Real Estate 52,483,730 52,483,730 -- -- 
Investment Companies 60,623,399 60,623,399 -- -- 
Money Market Funds 84,929,768 84,929,768 -- -- 
Total Investments in Securities: $1,359,537,360 $1,359,535,288 $2,057 $15 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $378,633,854 

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

Industrials  
Beginning Balance $16,532,055 
Net Realized Gain (Loss) on Investment Securities (2,430,489) 
Net Unrealized Gain (Loss) on Investment Securities (2,765,043) 
Cost of Purchases -- 
Proceeds of Sales (11,336,523) 
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, 2018 $-- 

Other Investments in Securities  
Beginning Balance $454,083 
Net Realized Gain (Loss) on Investment Securities -- 
Net Unrealized Gain (Loss) on Investment Securities (454,068) 
Cost of Purchases -- 
Proceeds of Sales -- 
Amortization/Accretion -- 
Transfers into Level 3 -- 
Transfers out of Level 3 -- 
Ending Balance $15 
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2018 $(454,068) 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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. Equity securities, including restricted securities, for which observable inputs are not available, are valued using alternate valuation approaches, including the market approach and the income approach and are categorized as Level 3 in the hierarchy.

ETFs are valued at their last 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 but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Value Fund

July 31, 2018







FIV-QTLY-0918
1.834741.112





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%   
 Shares Value 
Australia - 3.2%   
Commonwealth Bank of Australia 143,413 $7,968,776 
Insurance Australia Group Ltd. 633,470 3,783,918 
Macquarie Group Ltd. 46,147 4,210,873 
TOTAL AUSTRALIA  15,963,567 
Austria - 0.8%   
Erste Group Bank AG 88,900 3,842,185 
Bailiwick of Jersey - 2.3%   
Glencore Xstrata PLC 1,258,900 5,527,175 
Wolseley PLC 36,371 2,869,099 
WPP PLC 198,200 3,100,242 
TOTAL BAILIWICK OF JERSEY  11,496,516 
Belgium - 1.1%   
KBC Groep NV 72,625 5,584,605 
Canada - 0.5%   
Nutrien Ltd. 49,680 2,698,153 
Finland - 0.8%   
Sampo Oyj (A Shares) 83,034 4,219,784 
France - 15.6%   
Accor SA 48,600 2,505,084 
Atos Origin SA (a) 39,271 5,274,089 
AXA SA 290,421 7,317,789 
Bouygues SA 74,905 3,294,266 
Capgemini SA 29,893 3,838,101 
Compagnie de St. Gobain 67,500 3,005,303 
Natixis SA 547,000 3,933,752 
Sanofi SA 129,079 11,229,397 
Societe Generale Series A 135,400 6,038,566 
SR Teleperformance SA 18,200 3,337,044 
Total SA 252,485 16,468,427 
VINCI SA 72,000 7,240,615 
Vivendi SA 139,792 3,628,940 
TOTAL FRANCE  77,111,373 
Germany - 8.9%   
BASF AG 25,532 2,447,460 
Bayer AG 92,300 10,275,498 
Brenntag AG 43,700 2,620,439 
Deutsche Telekom AG 376,000 6,217,191 
Fresenius SE & Co. KGaA 27,300 2,107,573 
Hannover Reuck SE 35,100 4,679,037 
HeidelbergCement Finance AG 24,500 2,080,496 
Linde AG 19,100 4,714,831 
SAP SE 30,060 3,498,564 
Vonovia SE 117,593 5,694,180 
TOTAL GERMANY  44,335,269 
Hong Kong - 0.3%   
AIA Group Ltd. 167,800 1,464,419 
Ireland - 0.8%   
Allergan PLC 2,780 511,770 
CRH PLC 99,302 3,396,406 
TOTAL IRELAND  3,908,176 
Italy - 1.7%   
Assicurazioni Generali SpA 162,400 2,886,517 
Intesa Sanpaolo SpA 1,138,700 3,489,704 
Mediobanca SpA 188,020 1,953,247 
TOTAL ITALY  8,329,468 
Japan - 22.4%   
East Japan Railway Co. 29,400 2,749,845 
Honda Motor Co. Ltd. 216,200 6,600,728 
Hoya Corp. 47,200 2,828,243 
Idemitsu Kosan Co. Ltd. 60,800 2,735,089 
Itochu Corp. 319,500 5,673,169 
Japan Tobacco, Inc. 126,100 3,588,769 
Kao Corp. 44,900 3,280,035 
Makita Corp. 73,700 3,302,213 
Mitsubishi UFJ Financial Group, Inc. 1,430,300 8,777,559 
Mitsui Fudosan Co. Ltd. 147,700 3,531,761 
Nintendo Co. Ltd. 5,100 1,724,754 
Nomura Holdings, Inc. 591,900 2,806,439 
OBIC Co. Ltd. 41,700 3,572,741 
Olympus Corp. 50,500 2,050,138 
Oracle Corp. Japan 28,900 2,424,380 
ORIX Corp. 334,600 5,416,322 
Panasonic Corp. 263,200 3,381,886 
Recruit Holdings Co. Ltd. 105,000 2,877,155 
Shin-Etsu Chemical Co. Ltd. 39,100 3,955,419 
Shinsei Bank Ltd. 196,600 3,096,465 
SoftBank Corp. 56,000 4,677,244 
Sony Corp. 65,900 3,541,917 
Sony Financial Holdings, Inc. 195,400 3,754,900 
Subaru Corp. 95,400 2,788,106 
Sumitomo Mitsui Financial Group, Inc. 175,300 6,957,261 
T&D Holdings, Inc. 211,600 3,161,743 
Taiheiyo Cement Corp. 60,100 1,899,027 
Takeda Pharmaceutical Co. Ltd. 96,100 4,057,623 
Tokio Marine Holdings, Inc. 119,900 5,704,358 
TOTAL JAPAN  110,915,289 
Netherlands - 3.1%   
ING Groep NV (Certificaten Van Aandelen) 371,090 5,672,765 
Koninklijke Philips Electronics NV 82,704 3,630,669 
RELX NV 100,448 2,184,613 
Wolters Kluwer NV 61,955 3,735,371 
TOTAL NETHERLANDS  15,223,418 
Norway - 1.4%   
Equinor ASA 270,676 7,187,806 
Portugal - 0.7%   
Galp Energia SGPS SA Class B 157,894 3,247,701 
Spain - 3.4%   
Banco Santander SA (Spain) 1,805,121 10,173,089 
CaixaBank SA 876,697 4,033,576 
Masmovil Ibercom SA (b) 10,585 1,196,911 
Unicaja Banco SA (c) 790,500 1,334,792 
TOTAL SPAIN  16,738,368 
Sweden - 4.2%   
Alfa Laval AB 122,400 3,364,523 
Investor AB (B Shares) 81,560 3,556,270 
Nordea Bank AB 616,800 6,560,157 
Swedbank AB (A Shares) 208,842 4,944,973 
Telefonaktiebolaget LM Ericsson (B Shares) 301,100 2,363,712 
TOTAL SWEDEN  20,789,635 
Switzerland - 4.6%   
Credit Suisse Group AG 250,156 4,023,140 
Nestle SA (Reg. S) 19,479 1,587,409 
Swiss Life Holding AG 7,920 2,845,169 
UBS Group AG 477,058 7,833,292 
Zurich Insurance Group AG 20,951 6,424,636 
TOTAL SWITZERLAND  22,713,646 
United Kingdom - 19.9%   
AstraZeneca PLC (United Kingdom) 85,817 6,605,873 
Aviva PLC 803,225 5,264,116 
BAE Systems PLC 499,941 4,279,662 
BHP Billiton PLC 458,944 10,562,016 
BP PLC 1,921,878 14,443,766 
British American Tobacco PLC (United Kingdom) 129,914 7,141,674 
Bunzl PLC 118,928 3,535,641 
Compass Group PLC 128,993 2,775,834 
GlaxoSmithKline PLC 220,717 4,584,348 
HSBC Holdings PLC sponsored ADR (a) 86,411 4,184,021 
Imperial Tobacco Group PLC 138,672 5,318,447 
Informa PLC 361,074 3,741,185 
Liberty Global PLC Class A (b) 78,900 2,227,347 
Micro Focus International PLC 119,104 1,943,473 
Royal Dutch Shell PLC Class B sponsored ADR (a) 137,800 9,789,312 
RSA Insurance Group PLC 237,710 2,009,944 
Standard Chartered PLC (United Kingdom) 460,911 4,162,185 
Standard Life PLC 888,586 3,642,397 
The Weir Group PLC 93,052 2,379,808 
TOTAL UNITED KINGDOM  98,591,049 
United States of America - 1.8%   
Amgen, Inc. 14,800 2,908,940 
ConocoPhillips Co. 54,700 3,947,699 
S&P Global, Inc. 9,400 1,884,136 
TOTAL UNITED STATES OF AMERICA  8,740,775 
TOTAL COMMON STOCKS   
(Cost $479,878,423)  483,101,202 
Nonconvertible Preferred Stocks - 1.0%   
Germany - 0.5%   
Porsche Automobil Holding SE (Germany) 37,600 2,543,273 
Spain - 0.5%   
Grifols SA Class B 105,400 2,207,358 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $5,142,517)  4,750,631 
Money Market Funds - 2.4%   
Fidelity Cash Central Fund, 1.96% (d) 3,276,037 3,276,692 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 8,781,764 8,782,642 
TOTAL MONEY MARKET FUNDS   
(Cost $12,059,792)  12,059,334 
TOTAL INVESTMENT IN SECURITIES - 100.9%   
(Cost $497,080,732)  499,911,167 
NET OTHER ASSETS (LIABILITIES) - (0.9)%  (4,634,560) 
NET ASSETS - 100%  $495,276,607 

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

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under 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 $1,334,792 or 0.3% of net assets.

 (d) 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.

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

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 $37,166 
Fidelity Securities Lending Cash Central Fund 235,334 
Total $272,500 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $36,834,542 $14,878,390 $21,956,152 $-- 
Consumer Staples 20,916,334 5,318,447 15,597,887 -- 
Energy 57,819,800 26,907,607 30,912,193 -- 
Financials 179,596,877 103,073,860 76,523,017 -- 
Health Care 52,997,430 8,356,526 44,640,904 -- 
Industrials 56,448,766 38,684,322 17,764,444 -- 
Information Technology 24,639,814 15,109,311 9,530,503 -- 
Materials 37,280,983 15,020,655 22,260,328 -- 
Real Estate 9,225,941 5,694,180 3,531,761 -- 
Telecommunication Services 12,091,346 1,196,911 10,894,435 -- 
Money Market Funds 12,059,334 12,059,334 -- -- 
Total Investments in Securities: $499,911,167 $246,299,543 $253,611,624 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $25,155,949 
Level 2 to Level 1 $28,509,060 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Total International Equity Fund

July 31, 2018







TIE-QTLY-0918
1.863105.110





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.7%   
 Shares Value 
Australia - 2.3%   
Accent Group Ltd. 14,479 $15,383 
Adelaide Brighton Ltd. 6,489 33,169 
Beacon Lighting Group Ltd. 15,420 16,497 
Commonwealth Bank of Australia 10,873 604,161 
CSL Ltd. 8,893 1,299,013 
DuluxGroup Ltd. 9,164 52,084 
Imdex Ltd. (a) 41,011 37,629 
Insurance Australia Group Ltd. 49,816 297,567 
Macquarie Group Ltd. 3,528 321,927 
TOTAL AUSTRALIA  2,677,430 
Austria - 0.7%   
Andritz AG 8,872 503,369 
Erste Group Bank AG 6,900 298,212 
TOTAL AUSTRIA  801,581 
Bailiwick of Jersey - 0.8%   
Glencore Xstrata PLC 95,800 420,608 
Integrated Diagnostics Holdings PLC (b) 7,500 31,875 
Wolseley PLC 2,834 223,558 
WPP PLC 15,100 236,194 
TOTAL BAILIWICK OF JERSEY  912,235 
Belgium - 1.3%   
Anheuser-Busch InBev SA NV 3,671 373,576 
KBC Ancora 2,011 110,429 
KBC Groep NV 10,512 808,336 
Umicore SA 3,288 192,241 
TOTAL BELGIUM  1,484,582 
Bermuda - 0.3%   
Credicorp Ltd. (United States) 1,212 277,269 
Vostok New Ventures Ltd. (depositary receipt) (a) 3,860 33,275 
TOTAL BERMUDA  310,544 
Brazil - 1.3%   
CVC Brasil Operadora e Agencia de Viagens SA 15,200 178,595 
Equatorial Energia SA 11,400 186,036 
Hapvida Participacoes e Investimentos SA 23,500 176,314 
IRB Brasil Resseguros SA 14,000 199,185 
Itau Unibanco Holding SA 3,500 37,301 
Localiza Rent A Car SA 27,900 176,545 
Lojas Renner SA 23,700 194,990 
Notre Dame Intermedica Participacoes SA 32,200 210,188 
Suzano Papel e Celulose SA 17,900 212,465 
TOTAL BRAZIL  1,571,619 
Canada - 5.5%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 15,622 717,542 
Canadian National Railway Co. 11,263 1,005,388 
Canadian Pacific Railway Ltd. 3,453 684,787 
CCL Industries, Inc. Class B 12,290 623,546 
Constellation Software, Inc. 957 693,762 
Franco-Nevada Corp. 8,559 627,820 
McCoy Global, Inc. (a) 7,000 7,049 
New Look Vision Group, Inc. 1,300 33,478 
Nutrien Ltd. 15,765 856,207 
Pason Systems, Inc. 19,891 305,204 
PrairieSky Royalty Ltd. 16,273 308,735 
ShawCor Ltd. Class A 800 16,297 
Suncor Energy, Inc. 13,500 568,498 
TOTAL CANADA  6,448,313 
Cayman Islands - 5.6%   
58.com, Inc. ADR (a) 2,300 154,698 
Alibaba Group Holding Ltd. sponsored ADR (a) 10,882 2,037,432 
Baidu.com, Inc. sponsored ADR (a) 2,400 593,232 
Baozun, Inc. sponsored ADR (a) 3,200 185,120 
Geely Automobile Holdings Ltd. 94,000 214,370 
JD.com, Inc. sponsored ADR (a) 9,000 322,740 
New Oriental Education & Technology Group, Inc. sponsored ADR 2,760 237,470 
Sands China Ltd. 31,800 163,678 
Shenzhou International Group Holdings Ltd. 19,000 232,990 
Sunny Optical Technology Group Co. Ltd. 13,000 214,485 
TAL Education Group ADR (a) 6,800 217,532 
Tencent Holdings Ltd. 38,600 1,756,856 
Value Partners Group Ltd. 21,000 16,347 
YY, Inc. ADR (a) 900 83,907 
ZTO Express (Cayman), Inc. sponsored ADR 8,000 158,640 
TOTAL CAYMAN ISLANDS  6,589,497 
Chile - 0.2%   
Banco Santander Chile sponsored ADR 6,200 203,422 
China - 2.5%   
China International Travel Service Corp. Ltd. (A Shares) 16,300 168,032 
Gree Electric Appliances, Inc. of Zhuhai Class A 23,400 151,713 
Han's Laser Technology Industry Group Co. Ltd. 22,600 159,862 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 32,600 165,472 
Inner Mongoli Yili Industries Co. Ltd. (A Shares) 41,782 162,155 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 15,100 152,647 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 9,700 182,746 
Kweichow Moutai Co. Ltd. (A Shares) 1,594 169,969 
Midea Group Co. Ltd. Class A 24,100 168,421 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 50,000 463,750 
Shanghai International Airport Co. Ltd. (A Shares) 21,100 186,666 
Shenzhen Inovance Technology Co. Ltd. Class A 37,700 147,697 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 44,160 141,243 
Wuliangye Yibin Co. Ltd. Class A 16,200 171,566 
Xiaomi Corp. Class B 80,400 180,282 
Yunnan Baiyao Group Co. Ltd. 11,300 165,220 
TOTAL CHINA  2,937,441 
Denmark - 0.3%   
Jyske Bank A/S (Reg.) 4,854 274,747 
Netcompany Group A/S 1,000 36,375 
Scandinavian Tobacco Group A/S (b) 1,550 25,223 
SimCorp A/S 400 34,146 
Spar Nord Bank A/S 4,331 46,691 
TOTAL DENMARK  417,182 
Finland - 0.4%   
Sampo Oyj (A Shares) 6,453 327,941 
Tikkurila Oyj 7,980 146,690 
TOTAL FINLAND  474,631 
France - 6.6%   
Accor SA 3,700 190,716 
Atos Origin SA 2,997 402,497 
AXA SA 22,506 567,088 
Bouygues SA 5,579 245,360 
Capgemini SA 2,202 282,725 
Compagnie de St. Gobain 5,100 227,067 
Edenred SA 7,300 287,416 
Elis SA 11,251 258,654 
Kering SA 325 173,298 
Laurent-Perrier Group SA 259 32,406 
Legrand SA 3,600 264,535 
LVMH Moet Hennessy - Louis Vuitton SA 530 184,699 
Natixis SA 41,700 299,886 
Pernod Ricard SA 1,100 177,443 
Safran SA 4,000 496,038 
Sanofi SA 9,728 846,300 
Societe Generale Series A 10,400 463,819 
SR Teleperformance SA 1,300 238,360 
Total SA (c) 18,970 1,237,325 
Vetoquinol SA 600 38,589 
VINCI SA 5,500 553,103 
Virbac SA (a) 170 24,252 
Vivendi SA 10,552 273,925 
TOTAL FRANCE  7,765,501 
Germany - 5.5%   
adidas AG 747 165,223 
BASF AG 1,865 178,776 
Bayer AG 9,147 1,018,310 
Brenntag AG 3,300 197,882 
CompuGroup Medical AG 2,146 119,649 
CTS Eventim AG 1,862 87,790 
Deutsche Telekom AG 28,200 466,289 
Fresenius SE & Co. KGaA 2,000 154,401 
Hannover Reuck SE 2,700 359,926 
HeidelbergCement Finance AG 1,800 152,853 
Linde AG 3,800 938,029 
MTU Aero Engines Holdings AG 1,400 296,313 
Nexus AG 1,420 44,003 
SAP SE 12,833 1,493,582 
Vonovia SE 12,170 589,305 
WashTec AG 450 39,308 
Wirecard AG 1,100 205,484 
TOTAL GERMANY  6,507,123 
Greece - 0.0%   
Motor Oil (HELLAS) Corinth Refineries SA 900 19,112 
Hong Kong - 1.6%   
AIA Group Ltd. 154,000 1,343,984 
CSPC Pharmaceutical Group Ltd. 90,000 235,060 
Galaxy Entertainment Group Ltd. 21,000 168,689 
Techtronic Industries Co. Ltd. 30,500 169,810 
TOTAL HONG KONG  1,917,543 
India - 3.9%   
Adani Ports & Special Economic Zone Ltd. 36,815 214,969 
Asian Paints Ltd. 11,946 253,264 
Edelweiss Financial Services Ltd. 37,534 169,660 
Eicher Motors Ltd. 459 186,379 
Godrej Consumer Products Ltd. 12,125 233,237 
HDFC Bank Ltd. 5,957 188,437 
Housing Development Finance Corp. Ltd. 30,394 885,648 
Indraprastha Gas Ltd. 43,378 192,590 
IndusInd Bank Ltd. 7,034 204,994 
Jyothy Laboratories Ltd. 4,788 15,404 
Kotak Mahindra Bank Ltd. 10,086 192,534 
Larsen & Toubro Ltd. 11,979 227,874 
Maruti Suzuki India Ltd. 2,003 278,552 
Motherson Sumi Systems Ltd. 41,731 196,342 
Pidilite Industries Ltd. (a) 10,790 177,067 
Reliance Industries Ltd. 29,801 516,272 
Titan Co. Ltd. 15,512 206,725 
Ultratech Cemco Ltd. 3,475 212,875 
TOTAL INDIA  4,552,823 
Indonesia - 0.4%   
PT Bank Central Asia Tbk 165,600 267,291 
PT Bank Rakyat Indonesia Tbk 1,143,400 243,428 
TOTAL INDONESIA  510,719 
Ireland - 1.4%   
Accenture PLC Class A 1,200 191,196 
Allergan PLC 200 36,818 
CRH PLC 7,418 253,716 
CRH PLC sponsored ADR 19,029 652,504 
FBD Holdings PLC 1,972 23,867 
James Hardie Industries PLC CDI 28,984 462,974 
TOTAL IRELAND  1,621,075 
Isle of Man - 0.1%   
Playtech Ltd. 15,648 110,458 
Israel - 0.1%   
Azrieli Group 282 13,493 
Ituran Location & Control Ltd. 2,261 76,987 
Strauss Group Ltd. 2,659 54,444 
TOTAL ISRAEL  144,924 
Italy - 0.9%   
Assicurazioni Generali SpA 12,700 225,731 
Interpump Group SpA 12,291 387,195 
Intesa Sanpaolo SpA 87,300 267,543 
Mediobanca SpA 14,634 152,025 
TOTAL ITALY  1,032,494 
Japan - 13.7%   
Ai Holdings Corp. 1,100 24,338 
Aoki Super Co. Ltd. 2,000 23,575 
Artnature, Inc. 2,600 18,207 
Asahi Co. Ltd. 400 4,940 
Aucnet, Inc. 1,200 17,922 
Azbil Corp. 5,400 236,399 
Broadleaf Co. Ltd. 2,900 17,533 
Central Automotive Products Ltd. 2,400 39,043 
Coca-Cola West Co. Ltd. 800 28,798 
Daiichikosho Co. Ltd. 1,400 66,360 
Daikokutenbussan Co. Ltd. 1,300 57,550 
DENSO Corp. 7,800 385,828 
East Japan Railway Co. 6,400 598,606 
Fanuc Corp. 2,000 403,282 
Funai Soken Holdings, Inc. 1,850 40,271 
GCA Savvian Group Corp. 3,100 24,120 
Goldcrest Co. Ltd. 2,960 50,933 
Honda Motor Co. Ltd. 16,200 494,597 
Hoya Corp. 10,400 623,172 
Idemitsu Kosan Co. Ltd. 4,800 215,928 
Itochu Corp. 24,000 426,154 
Japan Tobacco, Inc. 9,320 265,244 
Kao Corp. 3,400 248,377 
Keyence Corp. 2,342 1,233,888 
Kobayashi Pharmaceutical Co. Ltd. 600 49,958 
Komatsu Ltd. 13,400 395,945 
Koshidaka Holdings Co. Ltd. 4,500 51,755 
Kusuri No Aoki Holdings Co. Ltd. 500 36,668 
Lasertec Corp. 2,700 79,685 
Makita Corp. 5,500 246,434 
Medikit Co. Ltd. 600 32,357 
Miroku Jyoho Service Co., Ltd. 900 21,628 
Misumi Group, Inc. 24,900 632,883 
Mitsubishi UFJ Financial Group, Inc. 109,100 669,532 
Mitsuboshi Belting Ltd. 3,000 37,025 
Mitsui Fudosan Co. Ltd. 11,400 272,594 
Nabtesco Corp. 8,300 256,464 
Nagaileben Co. Ltd. 2,900 76,770 
Nakano Refrigerators Co. Ltd. 700 37,249 
ND Software Co. Ltd. 1,300 13,952 
Nihon Parkerizing Co. Ltd. 7,100 105,089 
Nintendo Co. Ltd. 1,100 372,006 
Nomura Holdings, Inc. 46,200 219,053 
NS Tool Co. Ltd. 1,000 26,401 
OBIC Co. Ltd. 4,800 411,251 
Olympus Corp. 3,800 154,268 
Oracle Corp. Japan 2,200 184,555 
ORIX Corp. 25,900 419,255 
OSG Corp. 14,100 316,640 
Panasonic Corp. 19,800 254,412 
Paramount Bed Holdings Co. Ltd. 1,800 76,063 
ProNexus, Inc. 2,400 27,882 
Recruit Holdings Co. Ltd. 7,900 216,472 
San-Ai Oil Co. Ltd. 4,900 62,754 
Shin-Etsu Chemical Co. Ltd. 3,000 303,485 
Shinsei Bank Ltd. 15,300 240,976 
SHO-BOND Holdings Co. Ltd. 5,240 366,001 
Shoei Co. Ltd. 2,000 85,320 
SK Kaken Co. Ltd. 100 9,301 
SoftBank Corp. 4,200 350,793 
Software Service, Inc. 500 35,550 
Sony Corp. 4,900 263,360 
Sony Financial Holdings, Inc. 15,100 290,169 
Subaru Corp. 7,400 216,268 
Sumitomo Mitsui Financial Group, Inc. 13,500 535,785 
T&D Holdings, Inc. 16,400 245,050 
Taiheiyo Cement Corp. 4,400 139,030 
Takeda Pharmaceutical Co. Ltd. 7,400 312,450 
Techno Medica Co. Ltd. 500 9,462 
The Monogatari Corp. 280 25,793 
TKC Corp. 1,000 37,204 
Tocalo Co. Ltd. 1,200 13,694 
Tokio Marine Holdings, Inc. 9,300 442,456 
USS Co. Ltd. 38,400 726,686 
Welcia Holdings Co. Ltd. 1,200 60,851 
Workman Co. Ltd. 1,300 58,248 
Yamada Consulting Group Co. Ltd. 1,900 51,742 
Yamato Kogyo Co. Ltd. 800 24,898 
TOTAL JAPAN  16,146,637 
Kenya - 0.4%   
Safaricom Ltd. 1,616,300 450,537 
Korea (South) - 2.1%   
BGF Retail Co. Ltd. 1,035 157,090 
Leeno Industrial, Inc. 264 15,862 
LG Chemical Ltd. 821 276,500 
LG Household & Health Care Ltd. 209 227,119 
NAVER Corp. 247 158,830 
Samsung Electronics Co. Ltd. 38,267 1,589,489 
TOTAL KOREA (SOUTH)  2,424,890 
Mexico - 0.8%   
Consorcio ARA S.A.B. de CV 41,655 15,578 
Embotelladoras Arca S.A.B. de CV 27,400 181,885 
Fomento Economico Mexicano S.A.B. de CV sponsored ADR 933 91,565 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 19,900 188,048 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 11,270 200,508 
Wal-Mart de Mexico SA de CV Series V 97,200 283,865 
TOTAL MEXICO  961,449 
Netherlands - 2.3%   
Aalberts Industries NV 1,700 77,130 
ASML Holding NV (Netherlands) 5,600 1,199,343 
ING Groep NV (Certificaten Van Aandelen) 28,276 432,249 
Koninklijke Philips Electronics NV 6,315 277,226 
RELX NV 7,491 162,920 
Takeaway.com Holding BV (a)(b) 600 40,062 
VastNed Retail NV 596 27,076 
Wolters Kluwer NV 4,700 283,371 
Yandex NV Series A (a) 5,297 190,480 
TOTAL NETHERLANDS  2,689,857 
New Zealand - 0.1%   
Auckland International Airport Ltd. 29,537 134,384 
Norway - 0.7%   
Equinor ASA 20,385 541,324 
Kongsberg Gruppen ASA 2,600 52,850 
Schibsted ASA (B Shares) 5,433 176,512 
Skandiabanken ASA (b) 3,000 29,056 
TOTAL NORWAY  799,742 
Philippines - 0.8%   
Ayala Corp. 10,960 206,527 
Ayala Land, Inc. 266,000 204,963 
Jollibee Food Corp. 7,250 36,924 
SM Investments Corp. 12,050 215,929 
SM Prime Holdings, Inc. 319,600 227,575 
TOTAL PHILIPPINES  891,918 
Portugal - 0.2%   
Galp Energia SGPS SA Class B 11,692 240,491 
Russia - 0.7%   
Alrosa Co. Ltd. 125,000 194,642 
NOVATEK OAO GDR (Reg. S) 1,700 270,470 
Sberbank of Russia 118,390 405,713 
TOTAL RUSSIA  870,825 
South Africa - 2.2%   
Capitec Bank Holdings Ltd. 2,824 204,072 
Clicks Group Ltd. 20,899 306,736 
Discovery Ltd. 16,322 210,726 
FirstRand Ltd. 53,650 282,235 
Mondi Ltd. 7,014 192,338 
Naspers Ltd. Class N 5,918 1,457,084 
TOTAL SOUTH AFRICA  2,653,191 
Spain - 2.5%   
Amadeus IT Holding SA Class A 12,200 1,041,423 
Banco Santander SA (Spain) 137,326 773,926 
CaixaBank SA 67,606 311,047 
Grifols SA ADR 7,900 164,162 
Masmovil Ibercom SA (a) 821 92,836 
Merlin Properties Socimi SA 10,400 153,840 
Prosegur Compania de Seguridad SA (Reg.) 43,976 292,599 
Unicaja Banco SA (b) 60,300 101,819 
TOTAL SPAIN  2,931,652 
Sweden - 3.4%   
Addlife AB 1,200 28,796 
AddTech AB (B Shares) 3,000 67,964 
Alfa Laval AB 9,100 250,140 
ASSA ABLOY AB (B Shares) 38,500 760,009 
Atlas Copco AB (A Shares) 15,300 438,140 
Epiroc AB Class A (a) 19,300 231,083 
Fagerhult AB 21,785 205,637 
Hexagon AB (B Shares) 3,000 182,942 
Investor AB (B Shares) 6,255 272,737 
Lagercrantz Group AB (B Shares) 4,600 48,182 
Loomis AB (B Shares) 4,500 141,147 
Nordea Bank AB 47,667 506,976 
Saab AB (B Shares) 1,300 59,951 
Svenska Handelsbanken AB (A Shares) 23,745 293,310 
Swedbank AB (A Shares) 15,900 376,481 
Telefonaktiebolaget LM Ericsson (B Shares) 23,200 182,126 
TOTAL SWEDEN  4,045,621 
Switzerland - 4.0%   
Credit Suisse Group AG 19,243 309,476 
Nestle SA (Reg. S) 15,672 1,277,164 
Roche Holding AG (participation certificate) 4,374 1,074,458 
Schindler Holding AG:   
(participation certificate) 1,599 372,721 
(Reg.) 280 63,400 
Sika AG 1,378 196,092 
Swiss Life Holding AG 610 219,135 
Tecan Group AG 210 53,319 
UBS Group AG 36,289 595,865 
Zurich Insurance Group AG 1,632 500,454 
TOTAL SWITZERLAND  4,662,084 
Taiwan - 2.0%   
Addcn Technology Co. Ltd. 3,772 33,550 
Formosa Chemicals & Fibre Corp. 62,000 244,302 
Formosa Plastics Corp. 70,000 257,513 
Taiwan Semiconductor Manufacturing Co. Ltd. 227,035 1,817,266 
TOTAL TAIWAN  2,352,631 
Thailand - 0.4%   
Airports of Thailand PCL (For. Reg.) 110,100 219,240 
C.P. ALL PCL (For. Reg.) 99,500 224,301 
TOTAL THAILAND  443,541 
Turkey - 0.1%   
Tupras Turkiye Petrol Rafinerileri A/S 3,400 74,275 
United Kingdom - 10.5%   
Alliance Pharma PLC 29,714 36,349 
Ascential PLC 10,762 59,328 
AstraZeneca PLC (United Kingdom) 6,689 514,894 
Aviva PLC 61,315 401,842 
Avon Rubber PLC 1,300 24,827 
BAE Systems PLC 76,335 653,453 
BHP Billiton PLC 34,515 794,319 
BP PLC 148,300 1,114,540 
British American Tobacco PLC (United Kingdom) 12,765 701,722 
Bunzl PLC 8,968 266,612 
Cineworld Group PLC 7,700 27,389 
Compass Group PLC 9,723 209,232 
Dechra Pharmaceuticals PLC 3,600 141,094 
DP Poland PLC (a) 40,100 15,527 
Elementis PLC 46,608 159,178 
GlaxoSmithKline PLC 17,024 353,593 
Great Portland Estates PLC 5,506 51,737 
Hilton Food Group PLC 2,654 33,302 
Howden Joinery Group PLC 3,800 23,796 
HSBC Holdings PLC sponsored ADR 6,631 321,073 
Imperial Tobacco Group PLC 10,374 397,871 
Informa PLC 80,761 836,786 
InterContinental Hotel Group PLC ADR 8,991 559,240 
ITE Group PLC 49,900 54,362 
Liberty Global PLC Class A (a) 5,900 166,557 
Melrose Industries PLC 58,603 166,069 
Micro Focus International PLC 9,258 151,067 
NMC Health PLC 3,762 187,439 
Prudential PLC 40,665 959,431 
Reckitt Benckiser Group PLC 5,051 450,300 
Rightmove PLC 2,200 140,655 
Royal Dutch Shell PLC Class B sponsored ADR 10,400 738,816 
RSA Insurance Group PLC 18,100 153,044 
Shaftesbury PLC 13,637 166,821 
Spectris PLC 10,470 318,137 
Spirax-Sarco Engineering PLC 1,899 173,106 
Standard Chartered PLC (United Kingdom) 35,138 317,308 
Standard Life PLC 67,250 275,664 
The Weir Group PLC 6,904 176,570 
Topps Tiles PLC 16,600 13,160 
Ultra Electronics Holdings PLC 2,001 43,362 
TOTAL UNITED KINGDOM  12,349,572 
United States of America - 9.1%   
A.O. Smith Corp. 2,862 170,375 
Alphabet, Inc. Class A (a) 728 893,416 
Amgen, Inc. 1,100 216,205 
Amphenol Corp. Class A 2,040 190,760 
Autoliv, Inc. 3,074 314,962 
Berkshire Hathaway, Inc. Class B (a) 1,916 379,119 
Black Knight, Inc. (a) 3,600 185,940 
ConocoPhillips Co. 4,100 295,897 
Estee Lauder Companies, Inc. Class A 1,200 161,928 
Hilton Worldwide Holdings, Inc. 2,100 165,186 
Marriott International, Inc. Class A 1,300 166,192 
Marsh & McLennan Companies, Inc. 1,900 158,384 
Martin Marietta Materials, Inc. 1,830 364,939 
MasterCard, Inc. Class A 5,753 1,139,094 
MercadoLibre, Inc. 500 171,455 
Mohawk Industries, Inc. (a) 1,465 275,947 
Moody's Corp. 2,939 502,922 
MSCI, Inc. 3,751 623,379 
NVIDIA Corp. 700 171,402 
PayPal Holdings, Inc. (a) 2,800 229,992 
PriceSmart, Inc. 2,485 203,149 
ResMed, Inc. 4,210 445,334 
S&P Global, Inc. 3,601 721,784 
Sherwin-Williams Co. 1,670 736,019 
TransDigm Group, Inc. 496 186,268 
Veoneer, Inc. (a) 3,674 192,150 
Visa, Inc. Class A 8,631 1,180,203 
Yum China Holdings, Inc. 6,500 234,520 
TOTAL UNITED STATES OF AMERICA  10,676,921 
TOTAL COMMON STOCKS   
(Cost $101,613,397)  114,810,467 
Nonconvertible Preferred Stocks - 0.8%   
Brazil - 0.5%   
Itau Unibanco Holding SA 47,270 566,741 
Germany - 0.2%   
Porsche Automobil Holding SE (Germany) 2,776 187,769 
Sartorius AG (non-vtg.) 500 81,270 
TOTAL GERMANY  269,039 
Spain - 0.1%   
Grifols SA Class B 7,800 163,353 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $995,554)  999,133 
Money Market Funds - 1.3%   
Fidelity Cash Central Fund, 1.96% (d) 1,529,403 1,529,709 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 14,676 14,678 
TOTAL MONEY MARKET FUNDS   
(Cost $1,544,387)  1,544,387 
TOTAL INVESTMENT IN SECURITIES - 99.8%   
(Cost $104,153,338)  117,353,987 
NET OTHER ASSETS (LIABILITIES) - 0.2%  196,384 
NET ASSETS - 100%  $117,550,371 

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

Legend

 (a) Non-income producing

 (b) 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 $228,035 or 0.2% of net assets.

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

 (d) 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.

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

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 $19,713 
Fidelity Securities Lending Cash Central Fund 7,134 
Total $26,847 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $12,794,027 $10,570,900 $2,223,127 $-- 
Consumer Staples 7,802,936 4,486,553 3,316,383 -- 
Energy 6,532,987 4,181,122 2,351,865 -- 
Financials 24,851,626 17,108,196 7,743,430 -- 
Health Care 9,589,104 4,874,252 4,714,852 -- 
Industrials 17,603,079 13,986,238 3,616,841 -- 
Information Technology 22,656,261 15,684,015 6,972,246 -- 
Materials 10,482,162 8,812,836 1,669,326 -- 
Real Estate 1,758,337 1,485,743 272,594 -- 
Telecommunication Services 1,360,455 543,373 817,082 -- 
Utilities 378,626 378,626 -- -- 
Money Market Funds 1,544,387 1,544,387 -- -- 
Total Investments in Securities: $117,353,987 $83,656,241 $33,697,746 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $2,721,047 
Level 2 to Level 1 $7,716,281 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Growth Fund

July 31, 2018







IGF-QTLY-0918
1.863103.110





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.0%   
 Shares Value 
Australia - 3.5%   
CSL Ltd. 605,055 $88,381,227 
Austria - 1.2%   
Andritz AG 535,521 30,383,781 
Belgium - 2.1%   
Anheuser-Busch InBev SA NV 250,191 25,460,450 
KBC Groep NV 336,108 25,845,514 
TOTAL BELGIUM  51,305,964 
Brazil - 0.1%   
Itau Unibanco Holding SA 230,900 2,460,768 
Canada - 2.4%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 246,000 11,299,151 
Canadian National Railway Co. 133,000 11,872,207 
Canadian Pacific Railway Ltd. 55,900 11,085,892 
Franco-Nevada Corp. 188,300 13,812,189 
Pason Systems, Inc. 296,700 4,552,510 
PrairieSky Royalty Ltd. (a) 346,900 6,581,460 
TOTAL CANADA  59,203,409 
Cayman Islands - 2.0%   
58.com, Inc. ADR (b) 132,170 8,889,754 
Alibaba Group Holding Ltd. sponsored ADR (b) 188,200 35,236,686 
YY, Inc. ADR (b) 67,200 6,265,056 
TOTAL CAYMAN ISLANDS  50,391,496 
Denmark - 0.6%   
Jyske Bank A/S (Reg.) 254,700 14,416,566 
Netcompany Group A/S 18,200 662,021 
TOTAL DENMARK  15,078,587 
Finland - 0.2%   
Tikkurila Oyj 298,300 5,483,405 
France - 3.2%   
Edenred SA 489,400 19,268,664 
Elis SA 458,736 10,546,075 
Legrand SA 241,300 17,731,196 
Safran SA 269,500 33,420,579 
TOTAL FRANCE  80,966,514 
Germany - 6.9%   
Bayer AG 144,890 16,130,194 
Linde AG 165,401 40,829,201 
MTU Aero Engines Holdings AG 99,000 20,953,583 
SAP SE 711,101 82,762,219 
Vonovia SE 223,400 10,817,650 
TOTAL GERMANY  171,492,847 
Hong Kong - 2.8%   
AIA Group Ltd. 7,973,000 69,581,733 
India - 1.1%   
HDFC Asset Management Co. Ltd. (b) 241 3,872 
Housing Development Finance Corp. Ltd. 979,278 28,535,097 
TOTAL INDIA  28,538,969 
Ireland - 2.8%   
CRH PLC sponsored ADR 1,286,766 44,123,206 
James Hardie Industries PLC CDI 1,690,989 27,010,886 
TOTAL IRELAND  71,134,092 
Isle of Man - 0.2%   
Playtech Ltd. 771,085 5,443,007 
Italy - 0.8%   
Interpump Group SpA 605,026 19,059,704 
Japan - 13.6%   
Azbil Corp. 141,500 6,194,540 
DENSO Corp. 522,900 25,865,302 
East Japan Railway Co. 284,000 26,563,133 
Fanuc Corp. 134,700 27,161,030 
Hoya Corp. 462,500 27,713,187 
Keyence Corp. 137,324 72,349,478 
Komatsu Ltd. 908,900 26,856,285 
Misumi Group, Inc. 1,066,500 27,107,213 
Nabtesco Corp. 400,900 12,387,511 
Nintendo Co. Ltd. 46,700 15,793,336 
OSG Corp. 627,900 14,100,585 
SHO-BOND Holdings Co. Ltd. 237,400 16,581,800 
USS Co. Ltd. 2,119,400 40,107,771 
TOTAL JAPAN  338,781,171 
Kenya - 0.7%   
Safaricom Ltd. 66,574,100 18,557,240 
Korea (South) - 0.8%   
BGF Retail Co. Ltd. 52,672 7,994,439 
NAVER Corp. 17,194 11,056,341 
TOTAL KOREA (SOUTH)  19,050,780 
Mexico - 0.2%   
Fomento Economico Mexicano S.A.B. de CV sponsored ADR 60,055 5,893,798 
Netherlands - 2.7%   
ASML Holding NV (Netherlands) 319,500 68,426,803 
New Zealand - 0.4%   
Auckland International Airport Ltd. 1,984,240 9,027,657 
Norway - 0.5%   
Schibsted ASA (B Shares) 364,600 11,845,427 
South Africa - 2.3%   
Clicks Group Ltd. 1,116,838 16,391,882 
Naspers Ltd. Class N 165,900 40,846,615 
TOTAL SOUTH AFRICA  57,238,497 
Spain - 3.2%   
Amadeus IT Holding SA Class A 671,300 57,303,880 
Grifols SA ADR 78,203 1,625,058 
Merlin Properties Socimi SA 497,000 7,351,762 
Prosegur Compania de Seguridad SA (Reg.) 2,053,549 13,663,497 
TOTAL SPAIN  79,944,197 
Sweden - 5.2%   
ASSA ABLOY AB (B Shares) 2,567,283 50,679,429 
Atlas Copco AB (A Shares) 1,031,900 29,550,085 
Epiroc AB Class A (b) 1,302,800 15,598,722 
Fagerhult AB 920,132 8,685,476 
Loomis AB (B Shares) 196,000 6,147,743 
Svenska Handelsbanken AB (A Shares) 1,604,720 19,822,326 
TOTAL SWEDEN  130,483,781 
Switzerland - 7.2%   
Nestle SA (Reg. S) 954,349 77,773,095 
Roche Holding AG (participation certificate) 297,183 73,001,967 
Schindler Holding AG:   
(participation certificate) 104,758 24,418,670 
(Reg.) 18,350 4,154,997 
TOTAL SWITZERLAND  179,348,729 
Taiwan - 1.0%   
Taiwan Semiconductor Manufacturing Co. Ltd. 3,255,000 26,054,130 
Turkey - 0.2%   
Tupras Turkiye Petrol Rafinerileri A/S 230,012 5,024,727 
United Kingdom - 9.1%   
BAE Systems PLC 2,619,600 22,424,653 
British American Tobacco PLC (United Kingdom) 200,200 11,005,458 
Elementis PLC 1,803,310 6,158,764 
Informa PLC 3,032,666 31,422,270 
InterContinental Hotel Group PLC ADR (a) 584,822 36,375,928 
Melrose Industries PLC 3,956,079 11,210,719 
Prudential PLC 2,247,865 53,035,091 
Reckitt Benckiser Group PLC 341,945 30,484,621 
Rightmove PLC 95,600 6,112,120 
Shaftesbury PLC 517,533 6,330,964 
Spectris PLC 421,757 12,815,311 
TOTAL UNITED KINGDOM  227,375,899 
United States of America - 19.0%   
Alphabet, Inc. Class A (b) 38,436 47,169,428 
Autoliv, Inc. (a) 192,969 19,771,604 
Berkshire Hathaway, Inc. Class B (b) 133,284 26,372,905 
Black Knight, Inc. (b) 243,200 12,561,280 
Marsh & McLennan Companies, Inc. 133,251 11,107,803 
Martin Marietta Materials, Inc. 115,600 23,052,952 
MasterCard, Inc. Class A 332,400 65,815,200 
Mohawk Industries, Inc. (b) 96,300 18,139,068 
Moody's Corp. 130,600 22,348,272 
MSCI, Inc. 179,900 29,897,581 
PayPal Holdings, Inc. (b) 190,600 15,655,884 
PriceSmart, Inc. 130,700 10,684,725 
ResMed, Inc. 278,000 29,406,840 
S&P Global, Inc. 139,600 27,981,424 
Sherwin-Williams Co. 81,900 36,095,787 
Veoneer, Inc. (a)(b) 217,269 11,363,169 
Visa, Inc. Class A 486,760 66,559,562 
TOTAL UNITED STATES OF AMERICA  473,983,484 
TOTAL COMMON STOCKS   
(Cost $1,838,642,530)  2,399,941,823 
Nonconvertible Preferred Stocks - 0.5%   
Brazil - 0.5%   
Itau Unibanco Holding SA   
(Cost $11,543,077) 902,000 10,814,483 
Money Market Funds - 6.3%   
Fidelity Cash Central Fund, 1.96% (c) 94,929,779 94,948,765 
Fidelity Securities Lending Cash Central Fund 1.97% (c)(d) 62,292,825 62,299,055 
TOTAL MONEY MARKET FUNDS   
(Cost $157,247,821)  157,247,820 
TOTAL INVESTMENT IN SECURITIES - 102.8%   
(Cost $2,007,433,428)  2,568,004,126 
NET OTHER ASSETS (LIABILITIES) - (2.8)%  (68,817,651) 
NET ASSETS - 100%  $2,499,186,475 

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

Legend

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

 (b) Non-income producing

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

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 $725,689 
Fidelity Securities Lending Cash Central Fund 374,874 
Total $1,100,563 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $241,180,161 $215,314,859 $25,865,302 $-- 
Consumer Staples 196,987,619 52,263,995 144,723,624 -- 
Energy 16,158,697 16,158,697 -- -- 
Financials 342,223,435 269,362,146 72,861,289 -- 
Health Care 236,258,473 147,126,312 89,132,161 -- 
Industrials 520,640,886 366,956,356 153,684,530 -- 
Information Technology 617,683,029 424,646,541 193,036,488 -- 
Materials 196,566,390 196,566,390 -- -- 
Real Estate 24,500,376 24,500,376 -- -- 
Telecommunication Services 18,557,240 18,557,240 -- -- 
Money Market Funds 157,247,820 157,247,820 -- -- 
Total Investments in Securities: $2,568,004,126 $1,888,700,732 $679,303,394 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $17,963,771 
Level 2 to Level 1 $174,714,963 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

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

July 31, 2018







EME-QTLY-0918
1.861977.110





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.7%   
 Shares Value 
Bermuda - 0.9%   
Central European Media Enterprises Ltd. Class A (a) 245,000 $949,375 
Botswana - 0.2%   
First National Bank of Botswana Ltd. 1,042,331 227,326 
Canada - 0.4%   
First Quantum Minerals Ltd. 30,500 475,724 
Cyprus - 0.5%   
Globaltrans Investment PLC GDR (Reg. S) 47,900 550,850 
Greece - 1.7%   
Fourlis Holdings SA 71,700 483,771 
Jumbo SA 26,536 425,109 
Mytilineos Holdings SA 51,000 512,877 
Sarantis SA 55,600 455,111 
TOTAL GREECE  1,876,868 
Hungary - 1.6%   
OTP Bank PLC 45,200 1,700,575 
Kenya - 1.3%   
KCB Group Ltd. 1,388,600 649,718 
Safaricom Ltd. 2,927,644 816,068 
TOTAL KENYA  1,465,786 
Kuwait - 0.5%   
National Bank of Kuwait 220,000 588,604 
Morocco - 0.5%   
Attijariwafa Bank 11,725 587,290 
Netherlands - 1.0%   
X5 Retail Group NV GDR (Reg. S) 42,200 1,130,960 
Nigeria - 2.1%   
Dangote Cement PLC 1,107,463 715,676 
Guaranty Trust Bank PLC 5,263,598 582,179 
Nigerian Breweries PLC 1,630,122 472,695 
Zenith Bank PLC 8,351,272 530,459 
TOTAL NIGERIA  2,301,009 
Poland - 2.3%   
Globe Trade Centre SA 283,900 720,878 
Inter Cars SA 9,700 717,939 
LPP SA 220 540,263 
Orbis SA 21,900 535,710 
TOTAL POLAND  2,514,790 
Qatar - 1.0%   
Qatar Islamic Bank (a) 30,500 1,114,117 
Romania - 2.6%   
Banca Transilvania SA 1,015,997 643,792 
BRD-Groupe Societe Generale 451,735 1,567,774 
Fondul Propietatea SA GDR 56,500 638,450 
TOTAL ROMANIA  2,850,016 
Russia - 24.0%   
Alrosa Co. Ltd. 969,200 1,509,174 
Gazprom OAO 1,923,613 4,427,401 
Lukoil PJSC 27,600 1,972,869 
Lukoil PJSC sponsored ADR 52,095 3,739,379 
MMC Norilsk Nickel PJSC 13,200 2,299,244 
NOVATEK OAO 235,700 3,487,562 
Novolipetsk Steel OJSC GDR (Reg. S) 32,400 837,864 
Sberbank of Russia 1,777,150 6,090,143 
Tatneft PAO 187,600 2,166,264 
TOTAL RUSSIA  26,529,900 
Saudi Arabia - 0.7%   
Abdullah Al Othaim Markets Co. 5,000 100,925 
Al Rajhi Bank 5,000 117,857 
Aldrees Petroleum and Transport Services Co. 15,000 105,992 
Mouwasat Medical Services Co. 8,700 213,423 
Saudi Co. for Hardware CJSC 10,500 215,863 
TOTAL SAUDI ARABIA  754,060 
South Africa - 45.0%   
African Rainbow Minerals Ltd. 101,000 870,744 
Anglo American Platinum Ltd. 42,200 1,296,366 
ArcelorMittal South Africa Ltd. (a) 780,000 189,558 
AVI Ltd. 97,400 809,972 
Barloworld Ltd. 79,000 760,752 
Cashbuild Ltd. 42,900 1,013,733 
City Lodge Hotels Ltd. 62,000 706,332 
Clicks Group Ltd. 91,883 1,348,571 
DRDGOLD Ltd. 3,167,414 813,052 
FirstRand Ltd. 779,000 4,098,069 
Hulamin Ltd. 787,228 295,341 
Imperial Holdings Ltd. 75,100 1,217,056 
KAP Industrial Holdings Ltd. 1,145,700 622,119 
Kumba Iron Ore Ltd. 41,600 918,438 
Mr Price Group Ltd. 103,800 1,853,619 
MTN Group Ltd. 286,950 2,495,217 
Nampak Ltd. (a) 1,094,500 1,249,313 
Naspers Ltd. Class N 39,500 9,725,385 
Pretoria Portland Cement Co. Ltd. (a) 1,192,249 577,676 
PSG Group Ltd. 151,800 2,686,114 
RMB Holdings Ltd. 272,900 1,707,555 
Sanlam Ltd. 406,500 2,356,728 
Sasol Ltd. 81,200 3,199,891 
Shoprite Holdings Ltd. 131,300 2,170,601 
Spar Group Ltd. 98,100 1,427,302 
Spur Corp. Ltd. 257,400 500,432 
Standard Bank Group Ltd. 280,386 4,340,739 
Steinhoff Africa Retail Ltd. (a)(b) 390,000 500,847 
TOTAL SOUTH AFRICA  49,751,522 
United Arab Emirates - 6.0%   
Abu Dhabi National Oil Co. for Distribution PJSC (a) 937,731 630,575 
Agthia Group PJSC 344,787 450,561 
Aldar Properties PJSC 1,661,768 918,391 
DP World Ltd. 45,278 1,041,394 
Dubai Financial Market PJSC 2,241,002 591,800 
Dubai Islamic Bank Pakistan Ltd. 539,253 738,451 
Dubai Parks and Resorts PJSC (a) 4,523,254 413,763 
National Bank of Abu Dhabi PJSC 490,340 1,815,505 
TOTAL UNITED ARAB EMIRATES  6,600,440 
United Kingdom - 4.4%   
Abdullah Al-Othaim Markets Co. ELS (HSBC Bank Warrant Program) warrants 7/20/20 (a)(b) 29,800 601,515 
Al Rajhi Banking & Investment Corp. ELS (HSBC Bank Warrant Program) warrants 1/19/21 (a)(b) 29,800 702,429 
ALDREES Petroleum and Transport Services Co. ELS (HSBC Bank Warrant Program) warrants 1/30/20 (a)(b) 96,625 682,762 
ASA International (a) 55,100 289,286 
Bank of Georgia Group PLC 11,500 275,502 
NMC Health PLC 10,849 540,545 
Saudi Co. for Hardware LLC ELS (HSBC Bank Warrant Program) warrants 5/10/21 (a)(b) 17,800 365,939 
Tullow Oil PLC (a) 184,500 548,505 
United International Transportation Co. ELS (HSBC Bank Warrant Program) warrants 7/8/20 (a)(b) 106,984 877,199 
TOTAL UNITED KINGDOM  4,883,682 
TOTAL COMMON STOCKS   
(Cost $81,755,935)  106,852,894 
Nonconvertible Preferred Stocks - 1.8%   
Russia - 1.8%   
Tatneft PAO   
(Cost $777,917) 254,100 1,960,443 
Money Market Funds - 1.1%   
Fidelity Cash Central Fund, 1.96% (c)   
(Cost $1,256,835) 1,256,584 1,256,835 
TOTAL INVESTMENT IN SECURITIES - 99.6%   
(Cost $83,790,687)  110,070,172 
NET OTHER ASSETS (LIABILITIES) - 0.4%  453,926 
NET ASSETS - 100%  $110,524,098 

Security Type Abbreviations

ELS – Equity-Linked Security

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

Legend

 (a) Non-income producing

 (b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $3,730,691 or 3.4% of net assets.

 (c) 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.

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 $14,247 
Fidelity Securities Lending Cash Central Fund 2,267 
Total $16,514 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $19,799,197 $19,799,197 $-- $-- 
Consumer Staples 8,366,698 8,366,698 -- -- 
Energy 19,038,990 17,066,121 1,972,869 -- 
Financials 37,167,877 27,847,890 9,319,987 -- 
Health Care 753,968 753,968 -- -- 
Industrials 3,487,992 3,487,992 -- -- 
Materials 15,248,061 12,048,170 3,199,891 -- 
Real Estate 1,639,269 1,639,269 -- -- 
Telecommunication Services 3,311,285 3,311,285 -- -- 
Money Market Funds 1,256,835 1,256,835 -- -- 
Total Investments in Securities: $110,070,172 $95,577,425 $14,492,747 $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Series Emerging Markets Opportunities Fund (formerly Fidelity® Series Emerging Markets Fund)

July 31, 2018







ILF-QTLY-0918
1.873106.109





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 89.6%   
 Shares Value 
Argentina - 0.7%   
Central Puerto SA sponsored ADR (a) 1,174,600 $13,390,440 
Grupo Financiero Galicia SA sponsored ADR (a) 525,600 18,727,128 
Grupo Superveille SA sponsored ADR 1,235,572 16,692,578 
Inversiones y Representaciones SA ADR 247,287 4,614,375 
Telecom Argentina SA Class B sponsored ADR 1,207,834 24,241,228 
YPF SA Class D sponsored ADR 1,760,000 29,216,000 
TOTAL ARGENTINA  106,881,749 
Australia - 0.1%   
Frontier Digital Ventures Ltd. (a)(b)(c) 16,030,591 7,384,155 
Bermuda - 1.2%   
AGTech Holdings Ltd. (b) 53,392,000 4,965,717 
China Resource Gas Group Ltd. 9,356,000 44,342,080 
Credicorp Ltd. (United States) 272,340 62,303,222 
GP Investments Ltd. Class A (depositary receipt) (b)(c) 7,634,637 10,353,636 
Pacific Basin Shipping Ltd. 79,100,000 20,659,188 
Shangri-La Asia Ltd. 24,700,000 40,405,909 
TOTAL BERMUDA  183,029,752 
Brazil - 3.6%   
Azul SA sponsored ADR (b) 1,996,200 38,227,230 
B2W Companhia Global do Varejo (b) 12,409,702 93,073,592 
Banco do Brasil SA 8,657,000 74,961,367 
BTG Pactual Participations Ltd. unit 3,836,300 20,237,855 
Companhia de Saneamento de Minas Gerais 3,084,770 33,434,163 
Direcional Engenharia SA (b)(c) 13,062,260 24,083,031 
Localiza Rent A Car SA 6,706,770 42,438,864 
Natura Cosmeticos SA 5,302,600 41,111,997 
Petrobras Distribuidora SA 4,737,300 24,599,679 
Vale SA sponsored ADR 9,119,770 133,695,828 
TOTAL BRAZIL  525,863,606 
British Virgin Islands - 0.3%   
Despegar.com Corp. 186,833 3,927,230 
Mail.Ru Group Ltd. GDR (Reg. S) (b) 1,465,700 39,720,470 
TOTAL BRITISH VIRGIN ISLANDS  43,647,700 
Canada - 0.4%   
Pan American Silver Corp. 3,519,600 57,967,812 
Cayman Islands - 17.4%   
58.com, Inc. ADR (b) 1,180,718 79,415,093 
Alibaba Group Holding Ltd. sponsored ADR (b) 3,509,406 657,066,085 
Ant International Co. Ltd. (d)(e) 6,359,848 35,678,747 
BizLink Holding, Inc. 1,154,617 7,362,425 
Chailease Holding Co. Ltd. 10,286,292 33,636,219 
China Literature Ltd. (a)(b)(f) 24,584,201 205,623,967 
China Resources Land Ltd. 13,770,000 50,349,915 
E-House China Enterprise Holdings Ltd. (b) 4,721,700 7,651,885 
ENN Energy Holdings Ltd. 2,459,000 25,015,913 
Haitian International Holdings Ltd. 13,496,000 31,809,709 
JD.com, Inc. sponsored ADR (b) 7,767,104 278,528,349 
Kingsoft Corp. Ltd. 44,004,000 106,519,388 
LexinFintech Holdings Ltd. ADR 229,948 2,931,837 
NetEase, Inc. ADR 496,100 127,993,800 
PPDAI Group, Inc. ADR (a)(b) 164,100 745,014 
Shimao Property Holdings Ltd. 13,455,000 38,141,399 
TAL Education Group ADR (b) 656,310 20,995,357 
Tencent Holdings Ltd. 16,638,099 757,273,043 
Uni-President China Holdings Ltd. 73,305,000 84,707,875 
TOTAL CAYMAN ISLANDS  2,551,446,020 
Chile - 0.7%   
Compania Cervecerias Unidas SA sponsored ADR (a) 725,800 19,763,534 
Enersis SA 34,769,070 6,142,084 
Vina Concha y Toro SA 34,096,719 73,353,297 
TOTAL CHILE  99,258,915 
China - 9.1%   
Anhui Conch Cement Co. Ltd. (H Shares) 4,306,000 27,567,222 
BBMG Corp. (H Shares) 90,303,500 35,550,521 
China International Travel Service Corp. Ltd. (A Shares) 9,148,218 94,306,127 
China Life Insurance Co. Ltd. (H Shares) 41,165,900 103,444,568 
China Longyuan Power Grid Corp. Ltd. (H Shares) 68,688,810 63,971,462 
China Oilfield Services Ltd. (H Shares) 36,366,000 33,358,840 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 18,987,294 74,023,123 
China Petroleum & Chemical Corp. (H Shares) 110,396,000 106,117,379 
China Telecom Corp. Ltd. (H Shares) 103,498,882 48,920,679 
Hangzhou Tigermed Consulting Co. Ltd. Class A 3,873,700 34,127,361 
Industrial & Commercial Bank of China Ltd. (H Shares) 467,993,400 346,416,656 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 3,853,156 38,951,789 
PICC Property & Casualty Co. Ltd. (H Shares) 38,865,750 43,822,104 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 7,834,000 72,660,411 
Qingdao Haier Co. Ltd. 15,026,023 38,002,316 
Shanghai International Airport Co. Ltd. (A Shares) 4,175,109 36,935,990 
Shenzhen Inovance Technology Co. Ltd. Class A 2,710,316 10,618,159 
Sinopec Engineering Group Co. Ltd. (H Shares) 9,754,000 9,941,585 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 4,880,888 15,611,219 
Tsingtao Brewery Co. Ltd. (H Shares) 11,458,000 61,238,379 
Wise Talent Information Technology Co. Ltd. (b) 5,746,603 20,829,381 
Zhengzhou Yutong Bus Co. Ltd. 9,155,551 22,577,430 
TOTAL CHINA  1,338,992,701 
Egypt - 0.0%   
Six of October Development & Investment Co. (b) 4,068,500 5,395,828 
Greece - 0.5%   
Titan Cement Co. SA (Reg.) 3,246,900 78,782,822 
Hong Kong - 4.2%   
AIA Group Ltd. 2,442,600 21,316,987 
China Overseas Land and Investment Ltd. 30,925,000 97,120,193 
China Resources Beer Holdings Co. Ltd. 20,372,666 91,623,204 
China Resources Power Holdings Co. Ltd. 12,666,397 24,432,161 
China Unicom Ltd. 33,767,000 41,694,323 
China Unicom Ltd. sponsored ADR (a) 5,656,900 70,428,405 
CNOOC Ltd. 68,138,000 114,154,871 
CSPC Pharmaceutical Group Ltd. 25,318,000 66,125,072 
Far East Horizon Ltd. 73,543,750 70,835,420 
Techtronic Industries Co. Ltd. 3,406,000 18,963,085 
TOTAL HONG KONG  616,693,721 
India - 8.8%   
Adani Ports & Special Economic Zone Ltd. 9,002,581 52,567,656 
Axis Bank Ltd. 8,436,064 67,823,687 
Axis Bank Ltd. GDR (Reg. S) 109,427 4,371,609 
Bharat Petroleum Corp. Ltd. 7,648,034 43,541,064 
Bharti Airtel Ltd. 4,102,692 23,407,997 
Bharti Infratel Ltd. 3,293,582 13,790,612 
Federal Bank Ltd. 37,463,526 48,703,678 
Future Retail Ltd. 1,534,965 11,986,449 
GAIL India Ltd. 2,487,500 13,631,108 
HDFC Asset Management Co. Ltd. (b) 100,386 1,612,980 
ICICI Bank Ltd. 8,134,528 36,062,198 
ICICI Bank Ltd. sponsored ADR 10,844,270 95,754,904 
IndoStar Capital Finance Ltd. (b) 1,418,812 9,975,828 
Indraprastha Gas Ltd. 9,363,994 41,574,437 
InterGlobe Aviation Ltd. (f) 1,503,729 20,420,930 
ITC Ltd. 14,137,454 61,477,068 
JK Cement Ltd. 2,585,931 29,017,122 
Larsen & Toubro Ltd. 3,146,944 59,863,646 
LIC Housing Finance Ltd. 13,905,876 107,462,806 
Lupin Ltd. 54 650 
Manappuram General Finance & Leasing Ltd. 23,356,130 35,958,751 
NTPC Ltd. 2,134,073 4,827,070 
Oberoi Realty Ltd. 3,482,841 25,238,642 
Petronet LNG Ltd. 8,118,180 27,173,254 
Phoenix Mills Ltd. (b) 3,820,543 35,071,870 
Power Grid Corp. of India Ltd. 11,683,946 31,112,816 
Reliance Industries Ltd. 12,858,521 222,760,822 
SREI Infrastructure Finance Ltd. (c) 34,355,610 26,823,070 
State Bank of India (b) 11,320,244 48,531,867 
Sun Pharmaceutical Industries Ltd. 8,906,984 73,964,657 
Tejas Networks Ltd. (b)(f) 950,220 3,945,370 
Torrent Pharmaceuticals Ltd. 638,310 14,252,420 
TOTAL INDIA  1,292,707,038 
Indonesia - 2.1%   
PT Astra International Tbk 113,885,800 56,469,034 
PT Bank Mandiri (Persero) Tbk 106,591,500 49,213,148 
PT Bank Rakyat Indonesia Tbk 398,830,600 84,910,537 
PT Indocement Tunggal Prakarsa Tbk 15,238,200 14,926,462 
PT Kalbe Farma Tbk 121,046,000 10,870,636 
PT Media Nusantara Citra Tbk 406,897,000 27,794,282 
PT Semen Gresik (Persero) Tbk 54,924,300 28,947,620 
PT Telekomunikasi Indonesia Tbk:   
Series B 108,420,100 26,884,779 
sponsored ADR (a) 461,000 11,303,720 
TOTAL INDONESIA  311,320,218 
Israel - 0.2%   
Bezeq The Israel Telecommunication Corp. Ltd. 20,612,137 21,829,040 
Italy - 0.7%   
Prada SpA 22,309,700 106,161,548 
Japan - 0.6%   
GMO Internet, Inc. 622,500 13,199,906 
LINE Corp. (b) 518,300 22,642,742 
Mercari, Inc. (b) 62,900 2,649,546 
Panasonic Corp. 1,587,700 20,400,536 
SoftBank Corp. 260,100 21,724,129 
TOTAL JAPAN  80,616,859 
Korea (South) - 10.6%   
AMOREPACIFIC Group, Inc. 821,569 70,685,614 
BS Financial Group, Inc. 15,489,203 124,779,429 
Celltrion, Inc. (b) 144,200 35,160,624 
Coway Co. Ltd. 453,925 38,239,167 
Daou Technology, Inc. (c) 2,310,103 49,170,109 
Hanon Systems 3,022,398 29,044,032 
Hyundai Fire & Marine Insurance Co. Ltd. 1,162,685 38,269,918 
Hyundai Mobis 567,542 116,212,898 
Iljin Materials Co. Ltd. 458,283 21,854,947 
InterPark INT Corp. (c) 2,079,247 12,343,236 
KB Financial Group, Inc. 3,101,715 149,772,727 
KEPCO Plant Service & Engineering Co. Ltd. 484,475 14,989,325 
Korea Electric Power Corp. 690,510 20,614,324 
Korean Reinsurance Co. 1,404,148 13,934,669 
KT Corp. 250,786 6,427,754 
KT Corp. sponsored ADR 342,600 4,693,620 
LG Chemical Ltd. 277,628 93,500,947 
LG Corp. 642,550 43,511,069 
LG Innotek Co. Ltd. 80,550 11,791,651 
NAVER Corp. 30,679 19,727,666 
NCSOFT Corp. 122,343 42,356,980 
POSCO 322,676 95,410,297 
Samsung Biologics Co. Ltd. (b)(f) 104,300 34,939,334 
Samsung Electro-Mechanics Co. Ltd. 129,494 17,851,697 
Samsung Electronics Co. Ltd. 2,537,678 105,407,068 
Samsung Life Insurance Co. Ltd. 577,555 49,950,647 
Samsung SDI Co. Ltd. 468,924 96,440,493 
Shinhan Financial Group Co. Ltd. 3,378,395 132,401,987 
SK Hynix, Inc. 783,084 60,693,282 
TOTAL KOREA (SOUTH)  1,550,175,511 
Luxembourg - 0.8%   
Samsonite International SA 29,243,700 110,655,161 
Mauritius - 0.1%   
MakeMyTrip Ltd. (a)(b) 442,696 14,498,294 
Mexico - 2.4%   
America Movil S.A.B. de CV Series L sponsored ADR 1,576,500 26,973,915 
Fibra Uno Administracion SA de CV 22,687,200 32,671,564 
Gruma S.A.B. de CV Series B 3,721,000 48,163,219 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 3,312,100 31,298,148 
Grupo Financiero Banorte S.A.B. de CV Series O 11,834,018 82,517,953 
Macquarie Mexican (REIT) (c)(f) 41,052,221 44,537,345 
Wal-Mart de Mexico SA de CV Series V 28,780,300 84,050,474 
TOTAL MEXICO  350,212,618 
Netherlands - 1.4%   
VEON Ltd. sponsored ADR (a) 11,724,820 35,526,205 
Yandex NV Series A (b) 4,747,660 170,725,854 
TOTAL NETHERLANDS  206,252,059 
Nigeria - 0.5%   
Guaranty Trust Bank PLC 99,017,561 10,951,818 
Guaranty Trust Bank PLC GDR (Reg. S) 3,878,704 21,138,937 
Transnational Corp. of Nigeria PLC 1,097,537,662 3,637,242 
Zenith Bank PLC 523,819,093 33,272,132 
TOTAL NIGERIA  69,000,129 
Pakistan - 0.2%   
Habib Bank Ltd. 19,157,900 27,469,196 
Panama - 0.2%   
Copa Holdings SA Class A 361,300 35,168,942 
Peru - 0.6%   
Compania de Minas Buenaventura SA sponsored ADR 6,204,500 85,249,830 
Philippines - 0.7%   
Metro Pacific Investments Corp. 191,251,000 16,991,271 
Metropolitan Bank & Trust Co. 42,312,022 58,821,013 
Robinsons Land Corp. 68,184,831 25,182,665 
TOTAL PHILIPPINES  100,994,949 
Russia - 4.7%   
Lukoil PJSC sponsored ADR 1,854,000 133,080,120 
MMC Norilsk Nickel PJSC sponsored ADR 4,137,800 71,583,940 
Mobile TeleSystems OJSC 2,691,300 11,373,517 
Mobile TeleSystems OJSC sponsored ADR 523,200 4,588,464 
NOVATEK OAO GDR (Reg. S) 462,300 73,551,930 
RusHydro PJSC 100 
Sberbank of Russia 42,270,350 144,856,918 
Sberbank of Russia sponsored ADR 13,320,494 187,685,760 
Tatneft PAO 3,753,900 43,347,221 
Unipro PJSC 580,042,196 25,086,921 
TOTAL RUSSIA  695,154,792 
Singapore - 0.2%   
First Resources Ltd. 24,365,000 28,815,257 
South Africa - 6.4%   
Aspen Pharmacare Holdings Ltd. 82 1,588 
Barclays Africa Group Ltd. 8,493,253 110,871,863 
Bidvest Group Ltd. 2,810,145 39,972,672 
FirstRand Ltd. 15,552,800 81,818,299 
Imperial Holdings Ltd. 4,061,600 65,821,517 
Mr Price Group Ltd. 3,297,900 58,892,592 
MTN Group Ltd. 3,918,900 34,077,391 
Naspers Ltd. Class N 1,587,300 390,812,728 
Nedbank Group Ltd. 1,421,500 29,456,654 
Old Mutual Ltd. (b) 4,865,000 11,143,224 
Sasol Ltd. 2,039,000 80,351,935 
Tiger Brands Ltd. 1,586,000 42,156,826 
TOTAL SOUTH AFRICA  945,377,289 
Taiwan - 5.4%   
Chroma ATE, Inc. 3,415,000 19,263,186 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 4,839,000 13,260,135 
King's Town Bank 23,044,000 24,263,981 
LandMark Optoelectronics Corp. 2,154,446 19,197,755 
Largan Precision Co. Ltd. 350,900 59,093,391 
MediaTek, Inc. 885,000 7,350,643 
Nanya Technology Corp. 7,784,000 20,006,618 
PChome Online, Inc. 1,432,613 6,394,548 
Taiwan Semiconductor Manufacturing Co. Ltd. 51,940,284 415,747,742 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 972,001 40,056,161 
Unified-President Enterprises Corp. 50,758,000 134,110,932 
United Microelectronics Corp. 53,043,000 30,409,469 
TOTAL TAIWAN  789,154,561 
Thailand - 1.1%   
PTT Global Chemical PCL (For. Reg.) 30,326,100 74,516,341 
Siam Cement PCL (For. Reg.) 5,826,800 78,811,542 
Total Access Communication PCL (For. Reg.) 2,954,600 3,641,076 
TOTAL THAILAND  156,968,959 
Turkey - 0.8%   
Aselsan A/S 5,131,000 28,272,326 
Bim Birlesik Magazalar A/S JSC 1,888,000 27,138,443 
Tupras Turkiye Petrol Rafinerileri A/S 2,153,796 47,050,746 
Turkcell Iletisim Hizmet A/S 4,039,806 10,613,154 
TOTAL TURKEY  113,074,669 
United Arab Emirates - 1.3%   
DP World Ltd. 2,077,070 47,772,610 
Emaar Properties PJSC 51,124,532 73,489,383 
National Bank of Abu Dhabi PJSC 19,154,980 70,922,159 
TOTAL UNITED ARAB EMIRATES  192,184,152 
United Kingdom - 0.8%   
Contemporary Amperex Technology Co. Ltd. ELS (UBS Bank Warrant Program) Class A warrants 6/24/19 (b)(f) 1,794,700 19,025,237 
Fresnillo PLC 3,387,500 46,196,674 
NMC Health PLC 736,020 36,671,753 
Tonghua Dongbao Pharmaceutical Co. Ltd. ELS (UBS Bank Warrant Program) Class A warrants 3/26/19 (b)(f) 6,531,171 20,889,547 
TOTAL UNITED KINGDOM  122,783,211 
United States of America - 0.7%   
MercadoLibre, Inc. 275,750 94,557,433 
Uxin Ltd. ADR (a)(b) 2,056,300 12,666,808 
TOTAL UNITED STATES OF AMERICA  107,224,241 
Vietnam - 0.1%   
Vietnam Technological & Commercial Joint Stock Bank (b) 16,417,800 19,602,922 
TOTAL COMMON STOCKS   
(Cost $10,524,273,241)  13,147,996,226 
Preferred Stocks - 5.8%   
Convertible Preferred Stocks - 0.2%   
Cayman Islands - 0.2%   
China Internet Plus Holdings Ltd. Series A-11 (b)(d)(e) 7,577,282 37,886,410 
Nonconvertible Preferred Stocks - 5.6%   
Brazil - 3.9%   
Ambev SA sponsored ADR 11,348,800 58,332,832 
Banco do Estado Rio Grande do Sul SA 6,204,886 26,004,544 
Companhia Paranaense de Energia-Copel:   
(PN-B) 95,800 523,246 
(PN-B) sponsored ADR (a) 6,366,599 34,634,299 
Fibria Celulose SA sponsored ADR 4,726,500 92,922,990 
Itau Unibanco Holding SA sponsored ADR 14,209,394 170,370,634 
Metalurgica Gerdau SA (PN) 24,411,522 50,015,880 
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.) 10,074,800 105,382,408 
Telefonica Brasil SA 3,041,900 33,277,493 
  571,464,326 
Korea (South) - 1.7%   
Hyundai Motor Co. Series 2 1,439,131 113,349,968 
Samsung Electronics Co. Ltd. 2,618,722 89,958,523 
Samsung Fire & Marine Insurance Co. Ltd. 262,285 43,577,937 
  246,886,428 
TOTAL NONCONVERTIBLE PREFERRED STOCKS  818,350,754 
TOTAL PREFERRED STOCKS   
(Cost $645,804,277)  856,237,164 
 Principal Amount Value 
Government Obligations - 0.2%   
United States of America - 0.2%   
U.S. Treasury Bills, yield at date of purchase 1.87% to 1.9% 8/16/18 to 9/13/18(g)   
(Cost $22,106,324) 22,150,000 22,106,371 
 Shares Value 
Money Market Funds - 4.4%   
Fidelity Cash Central Fund, 1.96% (h) 580,057,203 580,173,214 
Fidelity Securities Lending Cash Central Fund 1.97% (h)(i) 70,526,290 70,533,343 
TOTAL MONEY MARKET FUNDS   
(Cost $650,706,557)  650,706,557 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $11,842,890,399)  14,677,046,318 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (127,607) 
NET ASSETS - 100%  $14,676,918,711 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Purchased      
Equity Index Contracts      
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 4,932 Sept. 2018 $270,347,580 $7,566,673 $7,566,673 

The notional amount of futures purchased as a percentage of Net Assets is 1.8%

Security Type Abbreviations

ELS – Equity-Linked Security

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

Legend

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

 (b) Non-income producing

 (c) Affiliated company

 (d) 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 $73,565,157 or 0.5% of net assets.

 (e) Level 3 security

 (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 $349,381,730 or 2.4% of net assets.

 (g) 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 $13,516,834.

 (h) 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.

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

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
Ant International Co. Ltd. 5/16/18 $35,678,747 
China Internet Plus Holdings Ltd. Series A-11 1/26/15 $23,950,652 

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $3,461,803 
Fidelity Securities Lending Cash Central Fund 1,546,454 
Total $5,008,257 

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

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 Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
B2W Companhia Global do Varejo $176,861,949 $-- $97,463,969 $-- $41,993,739 $(28,318,127) $-- 
Daou Technology, Inc. 49,992,717 -- 17,007,954 709,232 1,302,256 14,883,090 49,170,109 
Direcional Engenharia SA 24,131,764 248,394 1,096,604 -- (173,367) 972,844 24,083,031 
Frontier Digital Ventures Ltd. 7,489,111 1,210,273 822,054 -- 252,722 (745,897) 7,384,155 
GP Investments Ltd. Class A (depositary receipt) 13,652,868 -- -- -- -- (3,299,232) 10,353,636 
InterPark INT Corp. 25,671,882 -- 6,727,417 358,643 (12,923,934) 6,322,705 12,343,236 
Macquarie Mexican (REIT) 73,579,884 1,754,186 24,345,353 2,854,721 (14,123,071) 7,671,699 44,537,345 
SREI Infrastructure Finance Ltd. 60,858,509 -- -- 249,932 -- (34,035,439) 26,823,070 
Total $432,238,684 $3,212,853 $147,463,351 $4,172,528 $16,328,345 $(36,548,357) $174,694,582 

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $2,064,406,019 $2,006,119,073 $20,400,536 $37,886,410 
Consumer Staples 926,728,951 926,728,951 -- -- 
Energy 978,734,655 758,462,405 220,272,250 -- 
Financials 3,360,244,673 2,702,965,363 657,279,310 -- 
Health Care 360,677,103 360,677,103 -- -- 
Industrials 594,407,904 594,407,904 -- -- 
Information Technology 3,207,087,221 1,981,014,225 1,226,072,996 -- 
Materials 1,175,015,785 999,253,553 175,762,232 -- 
Real Estate 475,143,811 439,465,064 -- 35,678,747 
Telecommunication Services 475,417,501 367,312,999 108,104,502 -- 
Utilities 386,369,767 365,755,443 20,614,324 -- 
Government Obligations 22,106,371 -- 22,106,371 -- 
Money Market Funds 650,706,557 650,706,557 -- -- 
Total Investments in Securities: $14,677,046,318 $12,152,868,640 $2,450,612,521 $73,565,157 
Derivative Instruments:     
Assets     
Futures Contracts $7,566,673 $7,566,673 $-- $-- 
Total Assets $7,566,673 $7,566,673 $-- $-- 
Total Derivative Instruments: $7,566,673 $7,566,673 $-- $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

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

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

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

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

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Global Commodity Stock Fund

July 31, 2018







GCS-QTLY-0918
1.879385.109





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.2%   
 Shares Value 
Building Products - 0.1%   
Building Products - 0.1%   
Compagnie de St. Gobain 14,300 $636,679 
Chemicals - 17.2%   
Commodity Chemicals - 1.8%   
LG Chemical Ltd. 10,880 3,664,221 
LyondellBasell Industries NV Class A 29,100 3,223,989 
Olin Corp. 43,100 1,271,881 
Tronox Ltd. Class A 17,665 325,919 
Westlake Chemical Corp. 23,400 2,508,948 
  10,994,958 
Diversified Chemicals - 2.4%   
BASF AG 28,853 2,765,806 
DowDuPont, Inc. 101,858 7,004,775 
The Chemours Co. LLC 110,100 5,043,681 
  14,814,262 
Fertilizers & Agricultural Chemicals - 12.7%   
CF Industries Holdings, Inc. 244,860 10,876,681 
FMC Corp. 161,400 14,506,632 
K&S AG (a) 190,600 5,034,817 
Nutrien Ltd. 519,183 28,197,163 
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR 9,000 434,430 
The Mosaic Co. 362,861 10,925,745 
UPL Ltd. 247,689 2,330,180 
Yara International ASA 141,500 6,243,476 
  78,549,124 
Industrial Gases - 0.1%   
Linde AG 2,600 641,809 
Specialty Chemicals - 0.2%   
Platform Specialty Products Corp. (b) 126,800 1,567,248 
TOTAL CHEMICALS  106,567,401 
Commercial Services & Supplies - 0.1%   
Environmental & Facility Services - 0.1%   
Clean TeQ Holdings Ltd. (a)(b) 1,129,700 558,142 
Construction Materials - 0.2%   
Construction Materials - 0.2%   
Buzzi Unicem SpA 24,700 544,444 
Dalmia Bharat Ltd. 16,000 618,311 
Shree Cement Ltd. 1,300 323,160 
  1,485,915 
Containers & Packaging - 0.5%   
Paper Packaging - 0.5%   
Amcor Ltd. 13,200 147,791 
Packaging Corp. of America 11,400 1,287,060 
WestRock Co. 27,929 1,619,323 
  3,054,174 
Diversified Consumer Services - 0.1%   
Specialized Consumer Services - 0.1%   
Berry Petroleum Corp. 22,800 313,500 
Electric Utilities - 0.3%   
Electric Utilities - 0.3%   
Vistra Energy Corp. (b) 69,100 1,561,660 
Electronic Equipment & Components - 0.1%   
Electronic Manufacturing Services - 0.1%   
Philips Lighting NV (c) 21,000 582,477 
Food Products - 7.3%   
Agricultural Products - 7.1%   
Archer Daniels Midland Co. 394,700 19,048,222 
Bunge Ltd. 164,200 11,351,146 
Darling International, Inc. (b) 239,500 4,811,555 
First Resources Ltd. 1,875,700 2,218,296 
Ingredion, Inc. 56,100 5,682,930 
Wilmar International Ltd. 282,800 650,210 
  43,762,359 
Packaged Foods & Meats - 0.2%   
Adecoagro SA (b) 169,500 1,423,800 
TOTAL FOOD PRODUCTS  45,186,159 
Gas Utilities - 0.1%   
Gas Utilities - 0.1%   
Indraprastha Gas Ltd. 114,000 506,139 
Independent Power and Renewable Electricity Producers - 0.3%   
Independent Power Producers & Energy Traders - 0.3%   
NRG Energy, Inc. 61,300 1,941,371 
Machinery - 0.9%   
Agricultural & Farm Machinery - 0.8%   
Deere & Co. 33,100 4,792,549 
Industrial Machinery - 0.1%   
The Weir Group PLC 24,300 621,473 
TOTAL MACHINERY  5,414,022 
Metals & Mining - 33.8%   
Aluminum - 0.3%   
Aluminum Corp. of China Ltd. (H Shares) (b) 520,000 236,513 
Hindalco Industries Ltd. 160,000 498,744 
Norsk Hydro ASA 221,500 1,262,743 
  1,998,000 
Copper - 2.3%   
First Quantum Minerals Ltd. 403,124 6,287,724 
Freeport-McMoRan, Inc. 459,300 7,578,450 
Lundin Mining Corp. 93,500 517,508 
  14,383,682 
Diversified Metals & Mining - 15.0%   
Anglo American PLC (United Kingdom) 259,851 5,910,016 
BHP Billiton PLC 1,509,893 34,748,275 
Boliden AB 23,100 688,301 
Glencore Xstrata PLC 3,553,273 15,600,573 
Grupo Mexico SA de CV Series B 742,620 2,334,913 
Ivanhoe Mines Ltd. (b) 847,900 1,688,174 
Korea Zinc Co. Ltd. 4,260 1,578,175 
MMC Norilsk Nickel PJSC sponsored ADR 51,800 896,140 
Rio Tinto PLC 409,087 22,459,257 
South32 Ltd. 235,094 623,547 
Sumitomo Metal Mining Co. Ltd. 36,700 1,319,248 
Teck Resources Ltd. Class B (sub. vtg.) 134,900 3,518,589 
Turquoise Hill Resources Ltd. (b) 436,100 1,210,225 
  92,575,433 
Gold - 7.2%   
Agnico Eagle Mines Ltd. (Canada) 70,700 2,962,025 
Alamos Gold, Inc. 108,900 591,024 
AngloGold Ashanti Ltd. sponsored ADR 114,200 1,015,238 
B2Gold Corp. (b) 928,680 2,313,044 
Barrick Gold Corp. 346,300 3,881,350 
Continental Gold, Inc. (b) 633,200 1,883,756 
Endeavour Mining Corp. (b) 39,200 717,193 
Franco-Nevada Corp. 51,500 3,777,630 
Gold Fields Ltd. sponsored ADR 88,500 330,990 
Gold Standard Ventures Corp. (b) 895,500 1,562,659 
Goldcorp, Inc. 243,710 3,046,258 
Guyana Goldfields, Inc. (b) 455,200 1,399,700 
IAMGOLD Corp. (b) 114,800 630,987 
Kinross Gold Corp. (b) 327,300 1,182,542 
Newcrest Mining Ltd. 70,215 1,128,356 
Newmont Mining Corp. 205,700 7,545,076 
Premier Gold Mines Ltd. (b) 1,124,200 2,125,942 
Randgold Resources Ltd. sponsored ADR 47,900 3,537,415 
Seabridge Gold, Inc. (a)(b) 66,449 774,131 
SEMAFO, Inc. (b) 481,100 1,412,770 
Solgold PLC (a)(b) 1,090,000 329,056 
Torex Gold Resources, Inc. (b) 198,370 1,465,454 
Zijin Mng Group Co. Ltd. (H Shares) 1,827,000 675,024 
  44,287,620 
Precious Metals & Minerals - 0.7%   
Alrosa Co. Ltd. 597,900 931,010 
Fresnillo PLC 84,100 1,146,905 
Impala Platinum Holdings Ltd. (b) 62,400 92,362 
Industrias Penoles SA de CV 59,965 1,016,729 
Osisko Mining, Inc. (b) 781,000 1,350,848 
  4,537,854 
Silver - 0.5%   
MAG Silver Corp. (b) 102,200 955,338 
Wheaton Precious Metals Corp. 88,400 1,852,469 
  2,807,807 
Steel - 7.8%   
ArcelorMittal SA Class A unit (a) 208,702 6,647,159 
Fortescue Metals Group Ltd. 195,863 635,907 
Hyundai Steel Co. 27,439 1,323,317 
JFE Holdings, Inc. 188,000 3,820,216 
Nippon Steel & Sumitomo Metal Corp. 144,600 2,883,796 
Nucor Corp. 87,292 5,842,454 
POSCO 23,714 7,011,863 
Steel Dynamics, Inc. 63,700 2,999,633 
Tata Steel Ltd. 80,000 657,961 
Thyssenkrupp AG 93,500 2,495,007 
Vale SA sponsored ADR 879,141 12,888,207 
Voestalpine AG 25,100 1,258,264 
  48,463,784 
TOTAL METALS & MINING  209,054,180 
Multi-Utilities - 0.0%   
Multi-Utilities - 0.0%   
E.ON AG 279 3,148 
Oil, Gas & Consumable Fuels - 29.6%   
Coal & Consumable Fuels - 0.1%   
China Shenhua Energy Co. Ltd. (H Shares) 343,500 774,610 
Integrated Oil & Gas - 19.5%   
BP PLC 2,302,800 17,306,564 
Cenovus Energy, Inc. 259,100 2,599,266 
Chevron Corp. 209,700 26,478,819 
China Petroleum & Chemical Corp. (H Shares) 2,487,000 2,390,611 
Equinor ASA 47,700 1,266,674 
Exxon Mobil Corp. 117,200 9,552,972 
Lukoil PJSC sponsored ADR 46,800 3,359,304 
Occidental Petroleum Corp. 77,800 6,529,754 
Royal Dutch Shell PLC:   
Class A (United Kingdom) 801,000 27,447,781 
Class B (United Kingdom) 56,830 1,990,597 
Suncor Energy, Inc. 203,132 8,554,077 
Total SA 196,600 12,823,306 
YPF SA Class D sponsored ADR 18,800 312,080 
  120,611,805 
Oil & Gas Exploration & Production - 9.4%   
Anadarko Petroleum Corp. 79,800 5,837,370 
Birchcliff Energy Ltd. 25,000 98,974 
Cabot Oil & Gas Corp. 55,800 1,311,300 
Canadian Natural Resources Ltd. 131,800 4,843,018 
Centennial Resource Development, Inc. Class A (b) 11,300 202,948 
Cimarex Energy Co. 9,700 956,420 
CNOOC Ltd. sponsored ADR 17,900 3,007,200 
Concho Resources, Inc. (b) 2,200 320,870 
ConocoPhillips Co. 121,600 8,775,872 
Devon Energy Corp. 86,400 3,888,864 
Diamondback Energy, Inc. 100 13,195 
Encana Corp. 118,200 1,631,003 
EOG Resources, Inc. 60,900 7,852,446 
EQT Corp. 25,601 1,271,858 
Extraction Oil & Gas, Inc. (b) 63,000 952,560 
INPEX Corp. 128,000 1,405,297 
Marathon Oil Corp. 29,100 614,592 
Newfield Exploration Co. (b) 21,300 611,736 
Noble Energy, Inc. 102,700 3,706,443 
NOVATEK OAO GDR (Reg. S) 9,300 1,479,630 
NuVista Energy Ltd. (b) 243,600 1,574,875 
Oasis Petroleum, Inc. (b) 5,000 61,100 
Pioneer Natural Resources Co. 21,010 3,976,563 
PrairieSky Royalty Ltd. (a) 140,698 2,669,352 
Southwestern Energy Co. (b) 10,000 51,400 
Whiting Petroleum Corp. (b) 19,218 954,174 
  58,069,060 
Oil & Gas Refining & Marketing - 0.3%   
Reliance Industries Ltd. 59,241 1,026,290 
Valero Energy Corp. 5,400 639,090 
  1,665,380 
Oil & Gas Storage & Transport - 0.3%   
Cheniere Energy, Inc. (b) 4,400 279,400 
Petronet LNG Ltd. 468,132 1,566,936 
  1,846,336 
TOTAL OIL, GAS & CONSUMABLE FUELS  182,967,191 
Paper & Forest Products - 7.0%   
Forest Products - 0.3%   
Quintis Ltd. (b)(d) 413,280 
Svenska Cellulosa AB (SCA) (B Shares) 30,200 312,752 
West Fraser Timber Co. Ltd. 24,800 1,540,408 
Western Forest Products, Inc. 25,000 46,508 
  1,899,671 
Paper Products - 6.7%   
Fibria Celulose SA 145,600 2,870,647 
Lee & Man Paper Manufacturing Ltd. 350,000 340,232 
Mondi PLC 196,300 5,402,995 
Nine Dragons Paper (Holdings) Ltd. 1,304,000 1,611,507 
Oji Holdings Corp. 406,000 2,409,032 
Sappi Ltd. 87,606 624,403 
Stora Enso Oyj (R Shares) 589,600 9,745,358 
Suzano Papel e Celulose SA 231,400 2,746,615 
UPM-Kymmene Corp. 441,100 15,659,697 
  41,410,486 
TOTAL PAPER & FOREST PRODUCTS  43,310,157 
Trading Companies & Distributors - 0.6%   
Trading Companies & Distributors - 0.6%   
Brenntag AG 39,300 2,356,596 
Univar, Inc. (b) 56,700 1,558,683 
  3,915,279 
TOTAL COMMON STOCKS   
(Cost $630,979,600)  607,057,594 
Nonconvertible Preferred Stocks - 1.2%   
Metals & Mining - 0.3%   
Steel - 0.3%   
Gerdau SA 52,000 231,093 
Gerdau SA sponsored ADR (a) 421,300 1,853,720 
  2,084,813 
Oil, Gas & Consumable Fuels - 0.9%   
Integrated Oil & Gas - 0.9%   
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.) 508,100 5,314,726 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $6,935,134)  7,399,539 
Money Market Funds - 2.1%   
Fidelity Securities Lending Cash Central Fund 1.97% (e)(f)   
(Cost $12,691,029) 12,689,291 12,690,560 
TOTAL INVESTMENT IN SECURITIES - 101.5%   
(Cost $650,605,763)  627,147,693 
NET OTHER ASSETS (LIABILITIES) - (1.5)%  (9,090,048) 
NET ASSETS - 100%  $618,057,645 

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under 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 $582,477 or 0.1% of net assets.

 (d) Level 3 security

 (e) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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 $66,728 
Fidelity Securities Lending Cash Central Fund 211,638 
Total $278,366 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Common Stocks $607,057,594 $466,272,794 $140,784,797 $3 
Nonconvertible Preferred Stocks 7,399,539 7,399,539 -- -- 
Money Market Funds 12,690,560 12,690,560 -- -- 
Total Investments in Securities: $627,147,693 $486,362,893 $140,784,797 $3 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Series International Growth Fund

July 31, 2018







GSV-S-QTLY-0918
1.907949.108





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.9%   
 Shares Value 
Australia - 3.6%   
CSL Ltd. 3,595,966 $525,267,788 
Austria - 1.2%   
Andritz AG 3,169,060 179,802,520 
Belgium - 2.1%   
Anheuser-Busch InBev SA NV 1,480,981 150,710,630 
KBC Groep NV 1,984,151 152,574,181 
TOTAL BELGIUM  303,284,811 
Brazil - 0.1%   
Itau Unibanco Holding SA 1,505,300 16,042,416 
Canada - 2.4%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 1,455,800 66,867,087 
Canadian National Railway Co. 787,000 70,251,328 
Canadian Pacific Railway Ltd. 330,700 65,583,262 
Franco-Nevada Corp. 1,114,200 81,728,842 
Pason Systems, Inc. 1,851,469 28,408,595 
PrairieSky Royalty Ltd. (a) 2,052,800 38,946,154 
TOTAL CANADA  351,785,268 
Cayman Islands - 2.0%   
58.com, Inc. ADR (b) 782,300 52,617,498 
Alibaba Group Holding Ltd. sponsored ADR (b) 1,113,700 208,518,051 
YY, Inc. ADR (b) 396,900 37,002,987 
TOTAL CAYMAN ISLANDS  298,138,536 
Denmark - 0.6%   
Jyske Bank A/S (Reg.) 1,507,200 85,310,753 
Netcompany Group A/S 108,300 3,939,387 
TOTAL DENMARK  89,250,140 
Finland - 0.3%   
Tikkurila Oyj 1,985,479 36,497,436 
France - 3.3%   
Edenred SA 2,896,100 114,025,292 
Elis SA 2,743,841 63,079,316 
Legrand SA 1,427,900 104,924,882 
Safran SA 1,590,300 197,212,416 
TOTAL FRANCE  479,241,906 
Germany - 7.0%   
Bayer AG 860,760 95,825,977 
Linde AG 973,400 240,283,581 
MTU Aero Engines Holdings AG 585,700 123,964,782 
SAP SE 4,208,084 489,762,172 
Vonovia SE 1,322,400 64,034,289 
TOTAL GERMANY  1,013,870,801 
Hong Kong - 2.8%   
AIA Group Ltd. 47,181,800 411,763,627 
India - 1.2%   
HDFC Asset Management Co. Ltd. (b) 103,898 1,669,410 
Housing Development Finance Corp. Ltd. 5,795,066 168,861,925 
TOTAL INDIA  170,531,335 
Ireland - 2.9%   
CRH PLC sponsored ADR 7,615,205 261,125,379 
James Hardie Industries PLC CDI 10,006,755 159,842,150 
TOTAL IRELAND  420,967,529 
Isle of Man - 0.2%   
Playtech Ltd. 4,563,268 32,211,625 
Italy - 0.8%   
Interpump Group SpA 3,580,649 112,798,640 
Japan - 13.8%   
Azbil Corp. 837,300 36,655,042 
DENSO Corp. 3,094,400 153,064,813 
East Japan Railway Co. 1,680,600 157,190,144 
Fanuc Corp. 794,500 160,203,700 
Hoya Corp. 2,736,924 163,997,592 
Keyence Corp. 810,800 427,171,918 
Komatsu Ltd. 5,357,300 158,298,134 
Misumi Group, Inc. 6,345,100 161,273,301 
Nabtesco Corp. 2,372,900 73,320,838 
Nintendo Co. Ltd. 276,400 93,474,906 
OSG Corp. 3,693,100 82,934,974 
SHO-BOND Holdings Co. Ltd. (c) 1,459,200 101,921,495 
USS Co. Ltd. 12,542,000 237,346,259 
TOTAL JAPAN  2,006,853,116 
Kenya - 0.8%   
Safaricom Ltd. 393,964,900 109,816,000 
Korea (South) - 0.8%   
BGF Retail Co. Ltd. 311,697 47,308,677 
NAVER Corp. 98,789 63,524,769 
TOTAL KOREA (SOUTH)  110,833,446 
Mexico - 0.2%   
Fomento Economico Mexicano S.A.B. de CV sponsored ADR 355,112 34,850,692 
Netherlands - 2.8%   
ASML Holding NV (Netherlands) 1,887,900 404,328,516 
New Zealand - 0.4%   
Auckland International Airport Ltd. 11,741,531 53,420,209 
Norway - 0.5%   
Schibsted ASA (B Shares) 2,157,591 70,097,603 
South Africa - 2.3%   
Clicks Group Ltd. 6,654,919 97,674,551 
Naspers Ltd. Class N 981,710 241,709,043 
TOTAL SOUTH AFRICA  339,383,594 
Spain - 3.2%   
Amadeus IT Holding SA Class A 3,972,400 339,094,195 
Grifols SA ADR 439,969 9,142,556 
Merlin Properties Socimi SA 2,941,100 43,505,567 
Prosegur Compania de Seguridad SA (Reg.) 12,152,389 80,857,154 
TOTAL SPAIN  472,599,472 
Sweden - 5.3%   
ASSA ABLOY AB (B Shares) 15,155,617 299,179,336 
Atlas Copco AB (A Shares) 6,106,400 174,866,401 
Epiroc AB Class A (b) 7,711,800 92,335,144 
Fagerhult AB 5,249,192 49,549,120 
Loomis AB (B Shares) 1,159,600 36,372,057 
Svenska Handelsbanken AB (A Shares) 9,496,213 117,302,102 
TOTAL SWEDEN  769,604,160 
Switzerland - 7.4%   
Nestle SA (Reg. S) 5,647,545 460,237,352 
Roche Holding AG (participation certificate) 1,754,981 431,104,958 
Schindler Holding AG:   
(participation certificate) 619,926 144,502,268 
(Reg.) 154,309 34,940,239 
TOTAL SWITZERLAND  1,070,784,817 
Taiwan - 1.1%   
Taiwan Semiconductor Manufacturing Co. Ltd. 19,263,000 154,187,619 
Turkey - 0.2%   
Tupras Turkiye Petrol Rafinerileri A/S 1,360,924 29,730,062 
United Kingdom - 9.2%   
BAE Systems PLC 15,502,000 132,702,308 
British American Tobacco PLC (United Kingdom) 1,194,900 65,686,423 
Elementis PLC 10,671,547 36,446,055 
Informa PLC 17,946,388 185,947,366 
InterContinental Hotel Group PLC ADR (a) 3,451,639 214,691,946 
Melrose Industries PLC 23,410,863 66,341,597 
Prudential PLC 13,279,238 313,304,223 
Reckitt Benckiser Group PLC 2,023,387 180,386,275 
Rightmove PLC 566,370 36,210,475 
Shaftesbury PLC 3,062,600 37,464,682 
Spectris PLC 2,495,600 75,830,135 
TOTAL UNITED KINGDOM  1,345,011,485 
United States of America - 19.4%   
Alphabet, Inc. Class A (b) 227,494 279,185,187 
Autoliv, Inc. (a) 1,145,827 117,401,434 
Berkshire Hathaway, Inc. Class B (b) 789,150 156,149,111 
Black Knight, Inc. (b) 1,438,600 74,303,690 
Marsh & McLennan Companies, Inc. 787,873 65,677,093 
Martin Marietta Materials, Inc. 684,100 136,423,222 
MasterCard, Inc. Class A 2,020,110 399,981,780 
Mohawk Industries, Inc. (b) 572,315 107,801,253 
Moody's Corp. 772,400 132,173,088 
MSCI, Inc. 1,064,600 176,925,874 
PayPal Holdings, Inc. (b) 1,127,500 92,612,850 
PriceSmart, Inc. 780,375 63,795,656 
ResMed, Inc. 1,646,403 174,156,509 
S&P Global, Inc. 826,071 165,577,671 
Sherwin-Williams Co. 484,700 213,621,831 
Veoneer, Inc. (a)(b) 1,290,027 67,468,412 
Visa, Inc. Class A 2,942,696 402,384,251 
TOTAL UNITED STATES OF AMERICA  2,825,638,912 
TOTAL COMMON STOCKS   
(Cost $9,459,187,428)  14,238,594,081 
Nonconvertible Preferred Stocks - 0.4%   
Brazil - 0.4%   
Itau Unibanco Holding SA   
(Cost $68,233,650) 5,338,100 64,000,879 
Money Market Funds - 4.6%   
Fidelity Cash Central Fund, 1.96% (d) 498,884,409 498,984,186 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 174,790,248 174,807,727 
TOTAL MONEY MARKET FUNDS   
(Cost $673,791,913)  673,791,913 
TOTAL INVESTMENT IN SECURITIES - 102.9%   
(Cost $10,201,212,991)  14,976,386,873 
NET OTHER ASSETS (LIABILITIES) - (2.9)%  (426,267,180) 
NET ASSETS - 100%  $14,550,119,693 

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

Legend

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

 (b) Non-income producing

 (c) Affiliated company

 (d) 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.

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

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $3,711,062 
Fidelity Securities Lending Cash Central Fund 1,339,018 
Total $5,050,080 

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

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 Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
SHO-BOND Holdings Co. Ltd. $93,058,290 $-- $4,089,000 $1,481,965 $1,630,231 $11,321,974 $101,921,495 
Total $93,058,290 $-- $4,089,000 $1,481,965 $1,630,231 $11,321,974 $101,921,495 

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $1,427,739,754 $1,274,674,941 $153,064,813 $-- 
Consumer Staples 1,167,517,343 310,496,663 857,020,680 -- 
Energy 97,084,811 97,084,811 -- -- 
Financials 2,027,332,353 1,595,056,618 432,275,735 -- 
Health Care 1,399,495,380 872,564,445 526,930,935 -- 
Industrials 3,091,850,857 2,184,277,235 907,573,622 -- 
Information Technology 3,670,785,428 2,529,032,215 1,141,753,213 -- 
Materials 1,165,968,496 1,165,968,496 -- -- 
Real Estate 145,004,538 145,004,538 -- -- 
Telecommunication Services 109,816,000 109,816,000 -- -- 
Money Market Funds 673,791,913 673,791,913 -- -- 
Total Investments in Securities: $14,976,386,873 $10,957,767,875 $4,018,618,998 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $114,948,136 
Level 2 to Level 1 $1,131,349,753 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Series International Value Fund

July 31, 2018







VSF-S-QTLY-0918
1.907975.108





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.3%   
 Shares Value 
Australia - 3.2%   
Commonwealth Bank of Australia 4,247,392 $236,007,315 
Insurance Australia Group Ltd. 18,980,928 113,379,119 
Macquarie Group Ltd. 1,383,787 126,269,344 
TOTAL AUSTRALIA  475,655,778 
Austria - 0.8%   
Erste Group Bank AG 2,631,500 113,731,262 
Bailiwick of Jersey - 2.3%   
Glencore Xstrata PLC 37,614,200 165,144,383 
Wolseley PLC 1,086,253 85,688,258 
WPP PLC 5,922,100 92,633,427 
TOTAL BAILIWICK OF JERSEY  343,466,068 
Belgium - 1.1%   
KBC Groep NV 2,099,600 161,451,799 
Canada - 0.5%   
Nutrien Ltd. 1,470,980 79,889,870 
Finland - 0.9%   
Sampo Oyj (A Shares) 2,488,413 126,461,027 
France - 15.5%   
Accor SA 1,457,400 75,121,607 
Atos Origin SA 1,169,684 157,088,383 
AXA SA 8,426,273 212,318,269 
Bouygues SA 2,215,798 97,449,142 
Capgemini SA 895,805 115,016,552 
Compagnie de St. Gobain 2,017,800 89,838,512 
Natixis SA 16,079,100 115,632,888 
Sanofi SA 3,783,090 329,114,872 
Societe Generale Series A 3,921,500 174,890,961 
SR Teleperformance SA 543,100 99,579,601 
Total SA 7,400,003 482,667,861 
VINCI SA (a) 2,151,337 216,347,270 
Vivendi SA 4,191,981 108,822,025 
TOTAL FRANCE  2,273,887,943 
Germany - 8.9%   
BASF AG 757,288 72,592,517 
Bayer AG 2,706,400 301,295,860 
Brenntag AG 1,312,300 78,691,109 
Deutsche Telekom AG 11,018,370 182,189,657 
Fresenius SE & Co. KGaA 803,400 62,022,871 
Hannover Reuck SE 1,017,400 135,625,423 
HeidelbergCement Finance AG 735,700 62,474,318 
Linde AG 559,000 137,989,030 
SAP SE 902,811 105,074,584 
Vonovia SE 3,444,940 166,813,584 
TOTAL GERMANY  1,304,768,953 
Hong Kong - 0.3%   
AIA Group Ltd. 4,973,000 43,400,220 
Ireland - 0.8%   
Allergan PLC 81,300 14,966,517 
CRH PLC 2,943,570 100,678,333 
TOTAL IRELAND  115,644,850 
Italy - 1.7%   
Assicurazioni Generali SpA 4,793,100 85,193,135 
Intesa Sanpaolo SpA 33,272,400 101,967,892 
Mediobanca SpA 5,548,572 57,641,370 
TOTAL ITALY  244,802,397 
Japan - 22.4%   
East Japan Railway Co. 882,100 82,504,716 
Honda Motor Co. Ltd. 6,335,600 193,430,024 
Hoya Corp. 1,416,400 84,871,261 
Idemitsu Kosan Co. Ltd. 1,781,553 80,143,197 
Itochu Corp. 9,362,900 166,251,370 
Japan Tobacco, Inc. 3,736,800 106,348,243 
Kao Corp. 1,345,300 98,276,848 
Makita Corp. 2,209,600 99,003,676 
Mitsubishi UFJ Financial Group, Inc. 42,824,300 262,806,990 
Mitsui Fudosan Co. Ltd. 4,403,600 105,297,641 
Nintendo Co. Ltd. 152,300 51,505,891 
Nomura Holdings, Inc. 17,398,700 82,494,329 
OBIC Co. Ltd. 1,250,700 107,156,517 
Olympus Corp. 1,513,800 61,455,417 
Oracle Corp. Japan 865,700 72,622,332 
ORIX Corp. 10,017,200 162,152,949 
Panasonic Corp. 7,894,409 101,436,147 
Recruit Holdings Co. Ltd. 3,149,100 86,289,974 
Shin-Etsu Chemical Co. Ltd. 1,166,900 118,045,486 
Shinsei Bank Ltd. 5,787,200 91,148,842 
SoftBank Corp. 1,641,800 137,126,779 
Sony Corp. 1,952,100 104,919,219 
Sony Financial Holdings, Inc. 5,789,600 111,255,718 
Subaru Corp. 2,847,000 83,204,785 
Sumitomo Mitsui Financial Group, Inc. 5,232,300 207,658,172 
T&D Holdings, Inc. 6,228,000 93,059,250 
Taiheiyo Cement Corp. 1,782,600 56,326,203 
Takeda Pharmaceutical Co. Ltd. 2,862,000 120,841,997 
Tokio Marine Holdings, Inc. 3,553,900 169,080,211 
TOTAL JAPAN  3,296,714,184 
Netherlands - 3.0%   
ING Groep NV (Certificaten Van Aandelen) 10,681,634 163,287,602 
Koninklijke Philips Electronics NV 2,467,832 108,336,725 
RELX NV 2,983,490 64,887,026 
Wolters Kluwer NV 1,858,261 112,037,689 
TOTAL NETHERLANDS  448,549,042 
Norway - 1.4%   
Equinor ASA 7,934,067 210,689,304 
Portugal - 0.6%   
Galp Energia SGPS SA Class B 4,676,271 96,185,594 
Spain - 3.5%   
Banco Santander SA (Spain) (a) 53,906,348 303,799,054 
CaixaBank SA 25,913,508 119,224,890 
Masmovil Ibercom SA (b) 309,852 35,036,870 
Unicaja Banco SA (c) 30,752,247 51,926,442 
TOTAL SPAIN  509,987,256 
Sweden - 4.2%   
Alfa Laval AB 3,636,100 99,948,865 
Investor AB (B Shares) 2,383,259 103,917,514 
Nordea Bank AB 18,045,633 191,929,625 
Swedbank AB (A Shares) 6,235,000 147,632,706 
Telefonaktiebolaget LM Ericsson (B Shares) 8,987,800 70,556,537 
TOTAL SWEDEN  613,985,247 
Switzerland - 4.6%   
Credit Suisse Group AG 7,453,593 119,872,605 
Nestle SA (Reg. S) 584,683 47,647,775 
Swiss Life Holding AG 235,810 84,712,031 
UBS Group AG 14,240,771 233,833,460 
Zurich Insurance Group AG 604,815 185,466,855 
TOTAL SWITZERLAND  671,532,726 
United Kingdom - 19.8%   
AstraZeneca PLC (United Kingdom) 2,515,159 193,607,575 
Aviva PLC 23,498,604 154,003,386 
BAE Systems PLC 14,653,479 125,438,685 
BHP Billiton PLC 13,451,737 309,574,726 
BP PLC 57,320,952 430,792,394 
British American Tobacco PLC (United Kingdom) 3,808,437 209,358,609 
Bunzl PLC 3,567,039 106,045,421 
Compass Group PLC 3,869,439 83,267,453 
GlaxoSmithKline PLC 6,590,084 136,877,703 
HSBC Holdings PLC sponsored ADR (a) 2,561,306 124,018,437 
Imperial Tobacco Group PLC 4,063,312 155,839,030 
Informa PLC 10,831,232 112,225,316 
Liberty Global PLC Class A (b) 2,367,200 66,826,056 
Micro Focus International PLC 3,501,805 57,140,520 
Royal Dutch Shell PLC Class B sponsored ADR (a) 4,037,600 286,831,104 
RSA Insurance Group PLC 7,102,990 60,058,956 
Standard Chartered PLC (United Kingdom) 13,771,783 124,363,938 
Standard Life PLC 26,133,780 107,124,811 
The Weir Group PLC 2,757,238 70,516,463 
TOTAL UNITED KINGDOM  2,913,910,583 
United States of America - 1.8%   
Amgen, Inc. 437,500 85,990,625 
ConocoPhillips Co. 1,638,600 118,257,762 
S&P Global, Inc. 289,666 58,060,653 
TOTAL UNITED STATES OF AMERICA  262,309,040 
TOTAL COMMON STOCKS   
(Cost $12,446,417,939)  14,307,023,143 
Nonconvertible Preferred Stocks - 1.0%   
Germany - 0.5%   
Porsche Automobil Holding SE (Germany) 1,113,924 75,346,094 
Spain - 0.5%   
Grifols SA Class B 3,097,238 64,864,444 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $137,582,208)  140,210,538 
Money Market Funds - 2.8%   
Fidelity Cash Central Fund, 1.96% (d) 223,213,439 223,258,081 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 191,021,601 191,040,704 
TOTAL MONEY MARKET FUNDS   
(Cost $414,298,785)  414,298,785 
TOTAL INVESTMENT IN SECURITIES - 101.1%   
(Cost $12,998,298,932)  14,861,532,466 
NET OTHER ASSETS (LIABILITIES) - (1.1)%  (160,462,871) 
NET ASSETS - 100%  $14,701,069,595 

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

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $51,926,442 or 0.4% of net assets.

 (d) 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.

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

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 $913,138 
Fidelity Securities Lending Cash Central Fund 6,603,468 
Total $7,516,606 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $1,097,232,153 $446,262,457 $650,969,696 $-- 
Consumer Staples 617,470,505 155,839,030 461,631,475 -- 
Energy 1,705,567,216 792,106,961 913,460,255 -- 
Financials 5,316,859,450 3,068,323,478 2,248,535,972 -- 
Health Care 1,564,245,867 247,851,274 1,316,394,593 -- 
Industrials 1,680,517,777 1,155,146,006 525,371,771 -- 
Information Technology 736,161,316 451,883,784 284,277,532 -- 
Materials 1,102,714,866 445,497,601 657,217,265 -- 
Real Estate 272,111,225 166,813,584 105,297,641 -- 
Telecommunication Services 354,353,306 35,036,870 319,316,436 -- 
Money Market Funds 414,298,785 414,298,785 -- -- 
Total Investments in Securities: $14,861,532,466 $7,379,059,830 $7,482,472,636 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $975,479,411 
Level 2 to Level 1 $1,108,784,340 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Series International Small Cap Fund

July 31, 2018







SCF-S-QTLY-0918
1.907962.108





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.8%   
 Shares Value 
Australia - 2.4%   
Accent Group Ltd. 6,735,171 $7,155,570 
Adelaide Brighton Ltd. 3,027,427 15,474,681 
Bapcor Ltd. 810,786 4,204,567 
Beacon Lighting Group Ltd. 6,633,510 7,096,847 
Domain Holdings Australia Ltd. 285,478 674,465 
DuluxGroup Ltd. 4,203,996 23,893,695 
Imdex Ltd. (a) 16,634,283 15,262,674 
Nanosonics Ltd. (a) 678,844 1,593,737 
Pact Group Holdings Ltd. (b) 916,667 3,684,414 
Quintis Ltd. (a)(c)(d) 9,242,850 69 
Reckon Ltd. (e) 5,931,484 3,855,947 
Sigma Healthcare Ltd. 2,445,948 890,436 
SomnoMed Ltd. (a) 305,402 453,797 
TOTAL AUSTRALIA  84,240,899 
Austria - 1.0%   
Andritz AG 418,024 23,717,370 
IMMOFINANZ Immobilien Anlagen AG 261,944 6,891,845 
Wienerberger AG 149,100 3,657,865 
TOTAL AUSTRIA  34,267,080 
Bailiwick of Jersey - 0.5%   
Integrated Diagnostics Holdings PLC (b) 4,317,632 18,349,936 
Belgium - 1.7%   
Barco NV 20,100 2,848,677 
Econocom Group SA 741,189 2,619,196 
KBC Ancora 947,673 52,039,261 
TOTAL BELGIUM  57,507,134 
Bermuda - 0.6%   
Vostok New Ventures Ltd. (depositary receipt) (a) 2,608,342 22,485,323 
Brazil - 0.3%   
Banco ABC Brasil SA rights 8/2/18 (a) 39,760 36,155 
Magnesita Refratarios SA 148,600 2,714,020 
Sul America SA unit 1,419,702 8,348,073 
TOTAL BRAZIL  11,098,248 
Canada - 1.5%   
McCoy Global, Inc. (a) 1,113,850 1,121,685 
New Look Vision Group, Inc. 597,900 15,397,356 
Pason Systems, Inc. 771,700 11,840,821 
PrairieSky Royalty Ltd. 413,900 7,852,598 
ShawCor Ltd. Class A 489,800 9,977,861 
Total Energy Services, Inc. 360,000 3,044,163 
ZCL Composites, Inc. 280,000 1,894,146 
TOTAL CANADA  51,128,630 
Cayman Islands - 0.8%   
58.com, Inc. ADR (a) 133,100 8,952,306 
SITC International Holdings Co. Ltd. 5,202,000 5,050,196 
Value Partners Group Ltd. 17,439,000 13,575,183 
TOTAL CAYMAN ISLANDS  27,577,685 
Denmark - 2.7%   
Jyske Bank A/S (Reg.) 505,519 28,613,460 
Netcompany Group A/S 168,483 6,128,529 
Royal Unibrew A/S 37,600 3,130,113 
Scandinavian Tobacco Group A/S (b) 870,097 14,159,019 
SimCorp A/S 186,600 15,929,322 
Spar Nord Bank A/S 2,556,985 27,565,868 
TOTAL DENMARK  95,526,311 
Finland - 0.6%   
Olvi PLC (A Shares) 119,900 4,514,603 
Tikkurila Oyj (c) 977,930 17,976,487 
TOTAL FINLAND  22,491,090 
France - 2.9%   
Cegedim SA (a) 58,251 2,247,822 
Elis SA 2,229,504 51,255,006 
Laurent-Perrier Group SA 135,868 16,999,865 
Somfy SA 15,000 1,340,075 
Vetoquinol SA 297,927 19,160,952 
Virbac SA (a) 79,200 11,298,727 
TOTAL FRANCE  102,302,447 
Germany - 4.4%   
CompuGroup Medical AG 1,084,353 60,457,677 
CTS Eventim AG 914,695 43,126,216 
JOST Werke AG (b) 55,000 2,379,627 
MLP AG 622,245 4,060,132 
Nexus AG 618,016 19,150,941 
SMA Solar Technology AG (c) 81,735 3,452,235 
WashTec AG 220,131 19,228,541 
TOTAL GERMANY  151,855,369 
Greece - 0.5%   
Fourlis Holdings SA 752,500 5,077,230 
Motor Oil (HELLAS) Corinth Refineries SA 387,900 8,237,210 
Mytilineos Holdings SA 363,300 3,653,494 
TOTAL GREECE  16,967,934 
India - 0.2%   
HDFC Asset Management Co. Ltd. (a) 293 4,708 
Jyothy Laboratories Ltd. 2,343,090 7,538,206 
TOTAL INDIA  7,542,914 
Ireland - 1.5%   
Cairn Homes PLC (a) 1,233,100 2,451,273 
FBD Holdings PLC 1,309,243 15,845,470 
James Hardie Industries PLC CDI 1,860,550 29,719,356 
Mincon Group PLC 1,337,028 2,345,181 
United Drug PLC (United Kingdom) 216,000 2,381,491 
TOTAL IRELAND  52,742,771 
Isle of Man - 0.4%   
Playtech Ltd. 1,929,541 13,620,425 
Israel - 2.2%   
Azrieli Group 162,479 7,773,967 
Ituran Location & Control Ltd. (e) 1,221,686 41,598,408 
Strauss Group Ltd. 1,265,055 25,902,588 
TOTAL ISRAEL  75,274,963 
Italy - 1.4%   
Interpump Group SpA 1,516,666 47,778,451 
Japan - 33.8%   
Ai Holdings Corp. 570,600 12,625,000 
Aoki Super Co. Ltd. 318,000 3,748,370 
Arcland Service Holdings Co. Ltd. 113,200 2,134,111 
Artnature, Inc. 1,558,700 10,915,012 
Asahi Co. Ltd. 196,300 2,424,454 
Asante, Inc. 216,400 4,348,708 
Aucnet, Inc. 532,260 7,949,508 
Azbil Corp. 1,535,100 67,203,099 
Bank of Kyoto Ltd. 126,300 6,110,835 
Broadleaf Co. Ltd. 1,592,900 9,630,196 
Central Automotive Products Ltd. 121,079 1,969,706 
Chugoku Marine Paints Ltd. 275,000 2,631,579 
Coca-Cola West Co. Ltd. 350,450 12,615,134 
Daiichikosho Co. Ltd. 651,900 30,899,879 
Daikokutenbussan Co. Ltd. 569,400 25,207,083 
Funai Soken Holdings, Inc. 873,500 19,014,435 
GCA Savvian Group Corp. (c) 1,935,687 15,061,018 
GMO Internet, Inc. 378,280 8,021,302 
Goldcrest Co. Ltd. 1,493,510 25,698,817 
Iwatsuka Confectionary Co. Ltd. 118,300 5,242,378 
Kamigumi Co. Ltd. 188,050 3,928,675 
Kobayashi Pharmaceutical Co. Ltd. 301,600 25,111,980 
Koshidaka Holdings Co. Ltd. 2,070,900 23,817,711 
Kusuri No Aoki Holdings Co. Ltd. 312,500 22,917,319 
Lasertec Corp. 1,237,200 36,513,527 
Mandom Corp. 83,600 2,605,607 
Medikit Co. Ltd. 261,400 14,096,874 
Mirait Holdings Corp. 240,100 3,684,761 
Miroku Jyoho Service Co., Ltd. 419,800 10,088,115 
Misumi Group, Inc. 1,361,500 34,605,223 
Mitsuboshi Belting Ltd. 606,000 7,479,140 
Monex Group, Inc. (c) 1,902,932 9,462,328 
Morinaga & Co. Ltd. 70,900 3,284,550 
Nabtesco Corp. 1,044,200 32,265,000 
Nagaileben Co. Ltd. 1,388,300 36,751,491 
Nakanishi, Inc. 94,500 1,973,416 
Nakano Refrigerators Co. Ltd. 285,100 15,170,997 
ND Software Co. Ltd. 231,036 2,479,481 
Nihon Parkerizing Co. Ltd. 3,545,200 52,473,335 
Nitto Kohki Co. Ltd. 92,400 2,189,867 
NOF Corp. 175,000 5,751,688 
NS Tool Co. Ltd. 116,400 3,073,047 
OBIC Co. Ltd. 788,200 67,530,796 
Okamoto Industries, Inc. 300,000 3,447,659 
OSG Corp. 2,315,600 52,000,819 
PALTAC Corp. 149,200 7,872,647 
Paramount Bed Holdings Co. Ltd. 849,560 35,900,112 
ProNexus, Inc. 1,226,000 14,242,937 
S Foods, Inc. 113,500 4,451,080 
San-Ai Oil Co. Ltd. 2,225,500 28,501,686 
Sekisui Jushi Corp. 163,500 2,940,558 
Shinko Plantech Co. Ltd. 138,200 1,303,948 
Shinsei Bank Ltd. 438,600 6,907,984 
Ship Healthcare Holdings, Inc. 50,200 1,946,224 
SHO-BOND Holdings Co. Ltd. 693,600 48,446,237 
Shoei Co. Ltd. (e) 911,200 38,871,565 
SK Kaken Co. Ltd. 217,000 20,183,339 
Software Service, Inc. 208,400 14,817,153 
Techno Medica Co. Ltd. 283,000 5,355,525 
The Monogatari Corp. 170,700 15,724,277 
TKC Corp. 466,500 17,355,811 
Tocalo Co. Ltd. 1,595,000 18,201,672 
Toshiba Plant Systems & Services Corp. 168,800 3,730,312 
Tsuruha Holdings, Inc. 29,870 3,670,472 
USS Co. Ltd. 3,404,200 64,421,475 
Welcia Holdings Co. Ltd. 646,000 32,757,859 
Workman Co. Ltd. 650,700 29,155,364 
Yamato Kogyo Co. Ltd. 372,700 11,599,481 
Yuasa Trading Co. Ltd. 105,500 3,434,423 
TOTAL JAPAN  1,177,946,171 
Korea (South) - 0.8%   
BGF Retail Co. Ltd. 121,208 18,396,681 
iMarketKorea, Inc. 108,458 685,734 
Leeno Industrial, Inc. 134,483 8,080,067 
TOTAL KOREA (SOUTH)  27,162,482 
Luxembourg - 0.1%   
B&M European Value Retail S.A. 653,731 3,541,191 
Mexico - 0.3%   
Consorcio ARA S.A.B. de CV 25,765,095 9,635,429 
Genomma Lab Internacional SA de CV (a) 1,109,000 884,808 
TOTAL MEXICO  10,520,237 
Netherlands - 2.8%   
Aalberts Industries NV 984,900 44,685,681 
Arcadis NV 159,318 2,913,709 
BinckBank NV 644,130 3,901,646 
Intertrust NV (b) 237,360 4,135,598 
PostNL NV 899,900 3,555,715 
RHI Magnesita NV 29,648 1,872,120 
Takeaway.com Holding BV (a)(b) 232,278 15,509,175 
Van Lanschot NV (Bearer) 227,504 6,278,351 
VastNed Retail NV 302,554 13,744,801 
TOTAL NETHERLANDS  96,596,796 
New Zealand - 0.1%   
EBOS Group Ltd. 136,813 1,883,685 
Norway - 1.5%   
ABG Sundal Collier ASA 4,483,578 3,188,166 
Borregaard ASA 290,000 2,751,865 
Kongsberg Gruppen ASA 1,243,841 25,283,522 
Schibsted ASA (A Shares) 82,366 2,847,641 
Skandiabanken ASA (b)(c) 2,005,249 19,421,536 
TOTAL NORWAY  53,492,730 
Philippines - 0.6%   
Jollibee Food Corp. 3,045,490 15,510,371 
Pilipinas Shell Petroleum Corp. 3,653,850 3,880,256 
TOTAL PHILIPPINES  19,390,627 
Singapore - 0.1%   
Boustead Singapore Ltd. 5,792,200 3,510,166 
Hour Glass Ltd. 1,558,300 738,314 
TOTAL SINGAPORE  4,248,480 
South Africa - 0.9%   
Clicks Group Ltd. 2,029,853 29,792,245 
Spain - 2.1%   
Baron de Ley SA (a) 9,415 1,222,047 
Merlin Properties Socimi SA 1,590,500 23,527,117 
Prosegur Cash SA (b) 1,070,400 2,878,846 
Prosegur Compania de Seguridad SA (Reg.) 6,954,886 46,275,040 
TOTAL SPAIN  73,903,050 
Sweden - 4.4%   
Addlife AB 577,800 13,865,176 
AddTech AB (B Shares) 1,407,810 31,893,250 
Fagerhult AB (c) 3,347,305 31,596,485 
Granges AB 215,000 2,692,100 
Lagercrantz Group AB (B Shares) 2,151,041 22,530,650 
Loomis AB (B Shares) 750,300 23,533,938 
Saab AB (B Shares) 606,500 27,969,652 
TOTAL SWEDEN  154,081,251 
Switzerland - 1.1%   
EDAG Engineering Group AG 175,700 3,595,459 
Tecan Group AG 95,263 24,187,364 
Vontobel Holdings AG 76,000 5,276,978 
VZ Holding AG 12,955 4,127,963 
TOTAL SWITZERLAND  37,187,764 
Taiwan - 0.4%   
Addcn Technology Co. Ltd. 1,655,570 14,725,321 
United Kingdom - 16.9%   
Alliance Pharma PLC 15,441,866 18,889,982 
Ascential PLC 6,148,386 33,894,269 
Avon Rubber PLC 591,677 11,299,612 
Cineworld Group PLC 4,710,400 16,754,942 
Dechra Pharmaceuticals PLC 1,782,363 69,855,695 
DP Poland PLC (a)(e) 7,918,000 3,065,867 
Elementis PLC 9,363,782 31,979,704 
GetBusy PLC (c) 2,405,905 1,736,829 
Great Portland Estates PLC 2,460,172 23,117,118 
H&T Group PLC 1,274,806 5,287,459 
Hill & Smith Holdings PLC 132,076 2,612,480 
Hilton Food Group PLC 1,022,638 12,832,039 
Howden Joinery Group PLC 1,854,600 11,613,832 
Indivior PLC (a) 359,400 1,442,552 
Informa PLC 4,279,938 44,345,592 
InterContinental Hotel Group PLC ADR 187,247 11,646,763 
ITE Group PLC 22,815,457 24,855,535 
LivaNova PLC (a) 35,284 3,885,827 
LSL Property Services PLC 500,000 1,706,315 
Luxfer Holdings PLC sponsored 225,000 4,162,500 
Mears Group PLC 790,738 3,373,120 
Mitie Group PLC 1,448,060 2,923,201 
Polypipe Group PLC 491,600 2,423,557 
Rightmove PLC 389,247 24,886,239 
Shaftesbury PLC 2,824,955 34,557,578 
Sinclair Pharma PLC (a) 3,810,212 1,045,229 
Spectris PLC 2,099,861 63,805,395 
Spirax-Sarco Engineering PLC 910,628 83,009,747 
Topps Tiles PLC 9,714,845 7,701,737 
Tullett Prebon PLC 1,396,603 5,132,712 
Ultra Electronics Holdings PLC 1,129,427 24,474,909 
TOTAL UNITED KINGDOM  588,318,336 
United States of America - 2.3%   
Autoliv, Inc. 72,700 7,448,842 
Martin Marietta Materials, Inc. 58,080 11,582,314 
Mohawk Industries, Inc. (a) 32,962 6,208,722 
PriceSmart, Inc. 280,426 22,924,826 
ResMed, Inc. 171,100 18,098,958 
Veoneer, Inc. (a) 250,100 13,080,230 
TOTAL UNITED STATES OF AMERICA  79,343,892 
TOTAL COMMON STOCKS   
(Cost $2,221,903,919)  3,264,891,868 
Nonconvertible Preferred Stocks - 1.2%   
Brazil - 0.1%   
Banco ABC Brasil SA 1,051,382 4,347,494 
Germany - 1.1%   
Sartorius AG (non-vtg.) 232,311 37,759,749 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $10,276,413)  42,107,243 
Money Market Funds - 5.8%   
Fidelity Cash Central Fund, 1.96% (f) 186,985,433 187,022,830 
Fidelity Securities Lending Cash Central Fund 1.97% (f)(g) 15,226,257 15,227,780 
TOTAL MONEY MARKET FUNDS   
(Cost $202,250,610)  202,250,610 
TOTAL INVESTMENT IN SECURITIES - 100.8%   
(Cost $2,434,430,942)  3,509,249,721 
NET OTHER ASSETS (LIABILITIES) - (0.8)%  (26,736,258) 
NET ASSETS - 100%  $3,482,513,463 

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

Legend

 (a) Non-income producing

 (b) 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 $80,518,151 or 2.3% of net assets.

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

 (d) Level 3 security

 (e) Affiliated company

 (f) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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 $1,164,935 
Fidelity Securities Lending Cash Central Fund 615,508 
Total $1,780,443 

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

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 Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Artnature, Inc. $11,683,496 $-- $1,504,290 $198,137 $(1,043,148) $1,778,954 $-- 
DP Poland PLC 3,859,020 471,159 -- -- -- (1,264,312) 3,065,867 
Ituran Location & Control Ltd. 34,047,553 8,612,017 -- 584,686 -- (1,061,162) 41,598,408 
Reckon Ltd. 5,651,804 82 -- -- -- (1,795,939) 3,855,947 
Shoei Co. Ltd. 27,389,174 3,520,101 -- -- -- 7,962,290 38,871,565 
Topps Tiles PLC 9,904,292 33,470 897,034 487,359 (1,522,294) 183,303 -- 
Total $92,535,339 $12,636,829 $2,401,324 $1,270,182 $(2,565,442) $5,803,134 $87,391,787 

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $542,529,087 $542,529,087 $-- $-- 
Consumer Staples 309,939,076 309,939,076 -- -- 
Energy 77,654,374 77,654,374 -- -- 
Financials 269,956,949 263,008,102 6,948,847 -- 
Health Care 441,104,817 441,104,817 -- -- 
Industrials 808,095,385 808,095,385 -- -- 
Information Technology 458,740,940 458,740,940 -- -- 
Materials 261,960,925 261,960,856 -- 69 
Real Estate 137,017,558 137,017,558 -- -- 
Money Market Funds 202,250,610 202,250,610 -- -- 
Total Investments in Securities: $3,509,249,721 $3,502,300,805 $6,948,847 $69 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $0 
Level 2 to Level 1 $1,145,078,689 

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

Investments in Securities:  
Industrials  
Beginning Balance $45,204,204 
Net Realized Gain (Loss) on Investment Securities (5,131,681) 
Net Unrealized Gain (Loss) on Investment Securities (12,049,961) 
Cost of Purchases -- 
Proceeds of Sales (28,022,562) 
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, 2018 $-- 
Other Investments in Securities  
Beginning Balance $2,086,834  
Net Realized Gain (Loss) on Investment Securities -- 
Net Unrealized Gain (Loss) on Investment Securities (2,086,765) 
Cost of Purchases -- 
Proceeds of Sales -- 
Amortization/Accretion -- 
Transfers into Level 3 -- 
Transfers out of Level 3 -- 
Ending Balance $69 
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at July 31, 2018 $(2,086,765) 

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers 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.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Total Emerging Markets Fund

July 31, 2018







TEK-QTLY-0918
1.931233.106





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 55.6%   
 Shares Value 
Argentina - 0.5%   
Central Puerto SA sponsored ADR 45,760 $521,664 
Grupo Financiero Galicia SA sponsored ADR 17,900 637,777 
Grupo Superveille SA sponsored ADR 42,200 570,122 
Inversiones y Representaciones SA ADR 10,100 188,466 
Telecom Argentina SA Class B sponsored ADR 41,890 840,732 
YPF SA Class D sponsored ADR 61,395 1,019,157 
TOTAL ARGENTINA  3,777,918 
Australia - 0.0%   
Frontier Digital Ventures Ltd. (a) 536,643 247,193 
Bermuda - 0.8%   
AGTech Holdings Ltd. (a) 1,788,000 166,293 
China Resource Gas Group Ltd. 322,000 1,526,096 
Credicorp Ltd. (United States) 11,000 2,516,470 
GP Investments Ltd. Class A (depositary receipt) (a) 22,922 31,085 
Pacific Basin Shipping Ltd. 2,668,000 696,823 
Shangri-La Asia Ltd. 848,000 1,387,215 
TOTAL BERMUDA  6,323,982 
Brazil - 2.2%   
Azul SA sponsored ADR (a) 67,300 1,288,795 
B2W Companhia Global do Varejo (a) 418,417 3,138,155 
Banco do Brasil SA 295,700 2,560,480 
BTG Pactual Participations Ltd. unit 130,700 689,489 
Companhia de Saneamento de Minas Gerais 124,136 1,345,443 
Direcional Engenharia SA (a) 563,400 1,038,747 
Localiza Rent A Car SA 226,285 1,431,878 
Natura Cosmeticos SA 188,900 1,464,575 
Petrobras Distribuidora SA 162,700 844,863 
Vale SA sponsored ADR 310,768 4,555,859 
TOTAL BRAZIL  18,358,284 
British Virgin Islands - 0.2%   
Despegar.com Corp. 6,300 132,426 
Mail.Ru Group Ltd. GDR (Reg. S) (a) 49,100 1,330,610 
TOTAL BRITISH VIRGIN ISLANDS  1,463,036 
Canada - 0.2%   
Pan American Silver Corp. 121,300 1,997,811 
Cayman Islands - 10.8%   
58.com, Inc. ADR (a) 40,150 2,700,489 
Alibaba Group Holding Ltd. sponsored ADR (a) 117,500 21,999,525 
Ant International Co. Ltd. (b)(c) 288,435 1,618,120 
BizLink Holding, Inc. 38,587 246,050 
Chailease Holding Co. Ltd. 350,268 1,145,378 
China Literature Ltd. (a)(d) 841,639 7,039,527 
China Resources Land Ltd. 458,600 1,676,868 
E-House China Enterprise Holdings Ltd. (a) 167,100 270,799 
ENN Energy Holdings Ltd. 88,200 897,277 
Haitian International Holdings Ltd. 455,000 1,072,423 
JD.com, Inc. sponsored ADR (a) 261,300 9,370,218 
Kingsoft Corp. Ltd. 1,997,000 4,834,088 
LexinFintech Holdings Ltd. ADR 9,500 121,125 
NetEase, Inc. ADR 16,600 4,282,800 
PPDAI Group, Inc. ADR (a) 6,500 29,510 
Shimao Property Holdings Ltd. 448,200 1,270,530 
TAL Education Group ADR (a) 26,700 854,133 
Tencent Holdings Ltd. 556,950 25,349,244 
Uni-President China Holdings Ltd. 2,611,600 3,017,844 
TOTAL CAYMAN ISLANDS  87,795,948 
Chile - 0.3%   
Compania Cervecerias Unidas SA sponsored ADR 25,800 702,534 
Enersis SA 1,243,933 219,745 
Vina Concha y Toro SA 567,835 1,221,601 
TOTAL CHILE  2,143,880 
China - 5.7%   
Anhui Conch Cement Co. Ltd. (H Shares) 146,500 937,900 
BBMG Corp. (H Shares) 3,077,000 1,211,348 
China International Travel Service Corp. Ltd. (A Shares) 314,400 3,241,052 
China Life Insurance Co. Ltd. (H Shares) 1,405,834 3,532,679 
China Longyuan Power Grid Corp. Ltd. (H Shares) 2,457,060 2,288,316 
China Oilfield Services Ltd. (H Shares) 1,250,000 1,146,636 
China Pacific Insurance (Group) Co. Ltd. (H Shares) 648,306 2,527,460 
China Petroleum & Chemical Corp. (H Shares) 3,792,000 3,645,033 
China Telecom Corp. Ltd. (H Shares) 3,607,949 1,705,364 
Hangzhou Tigermed Consulting Co. Ltd. Class A 128,000 1,127,682 
Industrial & Commercial Bank of China Ltd. (H Shares) 15,976,160 11,825,825 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 128,200 1,295,982 
PICC Property & Casualty Co. Ltd. (H Shares) 1,323,870 1,492,697 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 267,500 2,481,065 
Qingdao Haier Co. Ltd. 516,351 1,305,903 
Shanghai International Airport Co. Ltd. (A Shares) 140,682 1,244,573 
Shenzhen Inovance Technology Co. Ltd. Class A 90,700 355,334 
Sinopec Engineering Group Co. Ltd. (H Shares) 329,000 335,327 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 175,372 560,917 
Tsingtao Brewery Co. Ltd. (H Shares) 408,000 2,180,595 
Wise Talent Information Technology Co. Ltd. (a) 235,668 854,212 
Zhengzhou Yutong Bus Co. Ltd. 308,890 761,717 
TOTAL CHINA  46,057,617 
Egypt - 0.0%   
Six of October Development & Investment Co. (a) 135,900 180,237 
Greece - 0.3%   
Titan Cement Co. SA (Reg.) 110,600 2,683,600 
Hong Kong - 2.6%   
AIA Group Ltd. 83,200 726,101 
China Overseas Land and Investment Ltd. 1,030,000 3,234,723 
China Resources Beer Holdings Co. Ltd. 724,666 3,259,084 
China Resources Power Holdings Co. Ltd. 452,849 873,499 
China Unicom Ltd. 1,176,900 1,453,195 
China Unicom Ltd. sponsored ADR 197,220 2,455,389 
CNOOC Ltd. 2,340,000 3,920,315 
CSPC Pharmaceutical Group Ltd. 860,000 2,246,132 
Far East Horizon Ltd. 2,494,980 2,403,100 
Techtronic Industries Co. Ltd. 115,000 640,269 
TOTAL HONG KONG  21,211,807 
India - 5.4%   
Adani Ports & Special Economic Zone Ltd. 303,703 1,773,375 
Axis Bank Ltd. 287,779 2,313,666 
Bharat Petroleum Corp. Ltd. 262,651 1,495,300 
Bharti Airtel Ltd. 143,012 815,958 
Bharti Infratel Ltd. 114,790 480,639 
Federal Bank Ltd. 1,278,206 1,661,705 
Future Retail Ltd. 51,374 401,176 
GAIL India Ltd. 89,000 487,706 
ICICI Bank Ltd. 277,392 1,229,741 
ICICI Bank Ltd. sponsored ADR 369,740 3,264,804 
IndoStar Capital Finance Ltd. (a) 48,313 339,694 
Indraprastha Gas Ltd. 321,593 1,427,815 
InterGlobe Aviation Ltd. (d) 50,735 688,991 
ITC Ltd. 637,313 2,771,371 
JK Cement Ltd. 88,074 988,292 
Larsen & Toubro Ltd. 106,169 2,019,630 
LIC Housing Finance Ltd. 474,690 3,668,343 
Manappuram General Finance & Leasing Ltd. 804,540 1,238,658 
NTPC Ltd. 86,120 194,795 
Oberoi Realty Ltd. 116,303 842,798 
Petronet LNG Ltd. 278,806 933,222 
Phoenix Mills Ltd. (a) 127,192 1,167,599 
Power Grid Corp. of India Ltd. 428,902 1,142,110 
Reliance Industries Ltd. 442,478 7,665,482 
SREI Infrastructure Finance Ltd. 116,223 90,741 
State Bank of India (a) 386,475 1,656,886 
Sun Pharmaceutical Industries Ltd. 302,590 2,512,743 
Tejas Networks Ltd. (a)(d) 31,856 132,268 
Torrent Pharmaceuticals Ltd. 22,969 512,860 
TOTAL INDIA  43,918,368 
Indonesia - 1.4%   
PT Astra International Tbk 3,913,900 1,940,665 
PT Bank Mandiri (Persero) Tbk 3,631,400 1,676,612 
PT Bank Rakyat Indonesia Tbk 13,600,500 2,895,529 
PT Indocement Tunggal Prakarsa Tbk 699,500 685,190 
PT Kalbe Farma Tbk 6,284,700 564,403 
PT Media Nusantara Citra Tbk 15,782,100 1,078,042 
PT Semen Gresik (Persero) Tbk 1,871,500 986,366 
PT Telekomunikasi Indonesia Tbk:   
Series B 3,779,300 937,148 
sponsored ADR 16,100 394,772 
TOTAL INDONESIA  11,158,727 
Israel - 0.1%   
Bezeq The Israel Telecommunication Corp. Ltd. 718,517 760,937 
Italy - 0.5%   
Prada SpA 890,100 4,235,574 
Japan - 0.4%   
GMO Internet, Inc. 20,862 442,372 
LINE Corp. (a) 21,600 943,630 
Mercari, Inc. (a) 2,100 88,459 
Panasonic Corp. 64,800 832,622 
SoftBank Corp. 9,016 753,036 
TOTAL JAPAN  3,060,119 
Korea (South) - 6.6%   
AMOREPACIFIC Group, Inc. 29,249 2,516,506 
BS Financial Group, Inc. 527,653 4,250,718 
Celltrion, Inc. (a) 4,900 1,194,778 
Coway Co. Ltd. 15,345 1,292,681 
Daou Technology, Inc. 78,542 1,671,752 
Hanon Systems 101,981 979,997 
Hyundai Fire & Marine Insurance Co. Ltd. 39,705 1,306,895 
Hyundai Mobis 19,435 3,979,613 
Iljin Materials Co. Ltd. 18,981 905,180 
KB Financial Group, Inc. 105,818 5,109,641 
KEPCO Plant Service & Engineering Co. Ltd. 16,393 507,188 
Korea Electric Power Corp. 24,677 736,701 
Korean Reinsurance Co. 47,960 475,952 
KT Corp. 11,483 294,314 
KT Corp. sponsored ADR 14,390 197,143 
LG Chemical Ltd. 10,480 3,529,507 
LG Corp. 21,652 1,466,192 
LG Innotek Co. Ltd. 2,700 395,251 
NAVER Corp. 1,027 660,397 
NCSOFT Corp. 5,550 1,921,493 
POSCO 11,002 3,253,121 
Samsung Biologics Co. Ltd. (a)(d) 3,600 1,205,960 
Samsung Electro-Mechanics Co. Ltd. 4,287 590,994 
Samsung Electronics Co. Ltd. 84,898 3,526,393 
Samsung Life Insurance Co. Ltd. 19,705 1,704,214 
Samsung SDI Co. Ltd. 15,747 3,238,581 
Shinhan Financial Group Co. Ltd. 115,073 4,509,802 
SK Hynix, Inc. 26,232 2,033,123 
TOTAL KOREA (SOUTH)  53,454,087 
Luxembourg - 0.5%   
Samsonite International SA 1,005,000 3,802,817 
Mauritius - 0.0%   
MakeMyTrip Ltd. (a) 14,800 484,700 
Mexico - 1.5%   
America Movil S.A.B. de CV Series L sponsored ADR 54,900 939,339 
Fibra Uno Administracion SA de CV 756,100 1,088,851 
Gruma S.A.B. de CV Series B 152,000 1,967,431 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 111,700 1,055,525 
Grupo Financiero Banorte S.A.B. de CV Series O 403,129 2,810,996 
Macquarie Mexican (REIT) (d) 1,370,970 1,487,358 
Wal-Mart de Mexico SA de CV Series V 1,025,000 2,993,427 
TOTAL MEXICO  12,342,927 
Netherlands - 0.9%   
VEON Ltd. sponsored ADR 406,360 1,231,271 
Yandex NV Series A (a) 162,591 5,846,772 
TOTAL NETHERLANDS  7,078,043 
Nigeria - 0.3%   
Guaranty Trust Bank PLC 3,465,183 383,266 
Guaranty Trust Bank PLC GDR (Reg. S) 124,480 678,416 
Transnational Corp. of Nigeria PLC 41,804,033 138,539 
Zenith Bank PLC 17,845,836 1,133,538 
TOTAL NIGERIA  2,333,759 
Pakistan - 0.1%   
Habib Bank Ltd. 652,200 935,145 
Panama - 0.1%   
Copa Holdings SA Class A 12,149 1,182,584 
Peru - 0.4%   
Compania de Minas Buenaventura SA sponsored ADR 213,900 2,938,986 
Philippines - 0.4%   
Metro Pacific Investments Corp. 6,840,000 607,685 
Metropolitan Bank & Trust Co. 1,444,492 2,008,093 
Robinsons Land Corp. 2,277,060 840,985 
TOTAL PHILIPPINES  3,456,763 
Russia - 2.9%   
Lukoil PJSC sponsored ADR 63,700 4,572,386 
MMC Norilsk Nickel PJSC sponsored ADR 141,000 2,439,300 
Mobile TeleSystems OJSC 93,812 396,452 
Mobile TeleSystems OJSC sponsored ADR 18,200 159,614 
NOVATEK OAO GDR (Reg. S) 15,900 2,529,690 
RusHydro PJSC 20 
Sberbank of Russia 1,440,100 4,935,101 
Sberbank of Russia sponsored ADR 453,784 6,393,817 
Tatneft PAO 128,900 1,488,441 
Unipro PJSC 20,732,700 896,693 
TOTAL RUSSIA  23,811,494 
Singapore - 0.1%   
First Resources Ltd. 867,800 1,026,303 
South Africa - 4.0%   
Barclays Africa Group Ltd. 289,350 3,777,207 
Bidvest Group Ltd. 94,756 1,347,849 
FirstRand Ltd. 529,900 2,787,634 
Imperial Holdings Ltd. 138,364 2,242,301 
Mr Price Group Ltd. 113,300 2,023,267 
MTN Group Ltd. 135,840 1,181,217 
Naspers Ltd. Class N 54,600 13,443,190 
Nedbank Group Ltd. 48,580 1,006,686 
Old Mutual Ltd. (a) 166,000 380,221 
Sasol Ltd. 69,500 2,738,823 
Tiger Brands Ltd. 56,500 1,501,804 
TOTAL SOUTH AFRICA  32,430,199 
Taiwan - 3.3%   
Chroma ATE, Inc. 114,000 643,046 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 162,000 443,923 
King's Town Bank 962,600 1,013,561 
LandMark Optoelectronics Corp. 72,000 641,575 
Largan Precision Co. Ltd. 11,403 1,920,325 
MediaTek, Inc. 30,000 249,174 
Nanya Technology Corp. 261,000 670,828 
PChome Online, Inc. 48,032 214,394 
Taiwan Semiconductor Manufacturing Co. Ltd. 1,739,000 13,919,549 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 32,542 1,341,056 
Unified-President Enterprises Corp. 1,808,000 4,777,031 
United Microelectronics Corp. 1,776,000 1,018,178 
TOTAL TAIWAN  26,852,640 
Thailand - 0.7%   
PTT Global Chemical PCL (For. Reg.) 1,033,300 2,538,992 
Siam Cement PCL (For. Reg.) 212,300 2,871,506 
Total Access Communication PCL (For. Reg.) 99,700 122,864 
TOTAL THAILAND  5,533,362 
Turkey - 0.5%   
Aselsan A/S 173,100 953,798 
Bim Birlesik Magazalar A/S JSC 67,200 965,945 
Tupras Turkiye Petrol Rafinerileri A/S 74,000 1,616,567 
Turkcell Iletisim Hizmet A/S 140,766 369,813 
TOTAL TURKEY  3,906,123 
United Arab Emirates - 0.8%   
DP World Ltd. 70,059 1,611,357 
Emaar Properties PJSC 1,707,364 2,454,265 
National Bank of Abu Dhabi PJSC 652,580 2,416,206 
TOTAL UNITED ARAB EMIRATES  6,481,828 
United Kingdom - 0.5%   
Contemporary Amperex Technology Co. Ltd. ELS (UBS Bank Warrant Program) Class A warrants 6/24/19 (a)(d) 60,108 637,192 
Fresnillo PLC 115,400 1,573,755 
NMC Health PLC 27,252 1,357,814 
Tonghua Dongbao Pharmaceutical Co. Ltd. ELS (UBS Bank Warrant Program) Class A warrants 3/26/19 (a)(d) 204,673 654,634 
TOTAL UNITED KINGDOM  4,223,395 
United States of America - 0.5%   
MercadoLibre, Inc. 11,401 3,909,517 
Uxin Ltd. ADR (a) 68,800 423,808 
TOTAL UNITED STATES OF AMERICA  4,333,325 
Vietnam - 0.1%   
Vietnam Technological & Commercial Joint Stock Bank (a) 559,300 667,807 
TOTAL COMMON STOCKS   
(Cost $405,674,255)  452,651,325 
Nonconvertible Preferred Stocks - 3.5%   
Brazil - 2.4%   
Ambev SA sponsored ADR 404,200 2,077,588 
Banco do Estado Rio Grande do Sul SA 211,420 886,057 
Companhia Paranaense de Energia-Copel:   
(PN-B) 3,915 21,383 
(PN-B) sponsored ADR 227,652 1,238,427 
Fibria Celulose SA sponsored ADR 161,000 3,165,260 
Itau Unibanco Holding SA sponsored ADR 484,091 5,804,251 
Metalurgica Gerdau SA (PN) 831,770 1,704,183 
Petroleo Brasileiro SA - Petrobras (PN) sponsored ADR (non-vtg.) 346,006 3,619,223 
Telefonica Brasil SA 105,983 1,159,423 
TOTAL BRAZIL  19,675,795 
Korea (South) - 1.1%   
Hyundai Motor Co. Series 2 49,417 3,892,221 
Samsung Electronics Co. Ltd. 87,628 3,010,203 
Samsung Fire & Marine Insurance Co. Ltd. 8,498 1,411,919 
TOTAL KOREA (SOUTH)  8,314,343 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $25,313,654)  27,990,138 
 Principal Amount(e) Value 
Nonconvertible Bonds - 8.0%   
Azerbaijan - 1.0%   
Southern Gas Corridor CJSC 6.875% 3/24/26 (d) 2,830,000 3,112,038 
State Oil Co. of Azerbaijan Republic 6.95% 3/18/30 (Reg. S) 4,625,000 4,997,775 
TOTAL AZERBAIJAN  8,109,813 
Bahrain - 0.3%   
The Oil and Gas Holding Co. 7.5% 10/25/27 (d) 2,405,000 2,286,289 
Georgia - 1.0%   
Georgian Oil & Gas Corp. 6.75% 4/26/21 (d) 3,475,000 3,475,087 
JSC BGEO Group 6% 7/26/23 (d) 850,000 845,570 
JSC Georgian Railway 7.75% 7/11/22 (d) 3,500,000 3,692,500 
TOTAL GEORGIA  8,013,157 
Ireland - 0.4%   
Vnesheconombank Via VEB Finance PLC:   
6.025% 7/5/22 (d) 1,900,000 1,951,881 
6.8% 11/22/25 (d) 1,275,000 1,362,468 
TOTAL IRELAND  3,314,349 
Mexico - 1.7%   
Pemex Project Funding Master Trust:   
6.625% 6/15/35 5,175,000 5,011,988 
8.625% 2/1/22 300,000 334,724 
Petroleos Mexicanos:   
6.5% 3/13/27 2,005,000 2,035,075 
6.5% 6/2/41 5,250,000 4,858,350 
6.875% 8/4/26 1,700,000 1,776,500 
TOTAL MEXICO  14,016,637 
Mongolia - 0.1%   
Trade and Development Bank of Mongolia LLC 9.375% 5/19/20 (Reg. S) 850,000 903,637 
Oman - 0.2%   
Oman Sovereign Sukuk SAOC 4.397% 6/1/24 (d) 1,900,000 1,827,325 
South Africa - 0.7%   
Eskom Holdings SOC Ltd.:   
5.75% 1/26/21 (Reg. S) 2,200,000 2,169,750 
6.75% 8/6/23 (d) 3,725,000 3,650,724 
TOTAL SOUTH AFRICA  5,820,474 
Trinidad & Tobago - 0.1%   
Petroleum Co. of Trinidad & Tobago Ltd. 9.75% 8/14/19 (d) 440,000 437,800 
Tunisia - 0.1%   
Banque Centrale de Tunisie 5.75% 1/30/25 (d) 525,000 478,538 
Turkey - 0.1%   
Export Credit Bank of Turkey 5% 9/23/21 (d) 400,000 373,232 
Turkiye Ihracat Kredi Bankasi A/S 6.125% 5/3/24 (d) 805,000 724,098 
TOTAL TURKEY  1,097,330 
United Arab Emirates - 0.5%   
Abu Dhabi Crude Oil Pipeline 4.6% 11/2/47 (d) 3,145,000 3,046,876 
Oztel Holdings SPC Ltd. 5.625% 10/24/23 (d) 670,000 673,183 
TOTAL UNITED ARAB EMIRATES  3,720,059 
United Kingdom - 1.1%   
Biz Finance PLC 9.625% 4/27/22 (d) 8,600,000 8,840,903 
Venezuela - 0.7%   
Petroleos de Venezuela SA:   
6% 5/16/24 (d)(f) 6,000,000 1,305,000 
6% 11/15/26 (Reg. S) (f) 5,500,000 1,196,250 
8.5% 10/27/20 (Reg. S) (f) 3,900,000 3,482,700 
TOTAL VENEZUELA  5,983,950 
TOTAL NONCONVERTIBLE BONDS   
(Cost $67,055,684)  64,850,261 
Government Obligations - 30.0%   
Argentina - 3.5%   
Argentine Republic:   
5.875% 1/11/28 1,730,000 1,457,525 
6.875% 4/22/21 3,425,000 3,431,850 
6.875% 1/26/27 1,800,000 1,638,000 
6.875% 1/11/48 2,865,000 2,246,189 
7.125% 7/6/36 7,050,000 5,939,625 
7.5% 4/22/26 14,360,000 13,677,900 
TOTAL ARGENTINA  28,391,089 
Armenia - 0.2%   
Republic of Armenia 7.15% 3/26/25 (d) 1,420,000 1,535,730 
Belarus - 0.1%   
Belarus Republic 7.625% 6/29/27 (d) 515,000 553,162 
Brazil - 0.5%   
Brazilian Federative Republic:   
4.625% 1/13/28 900,000 843,750 
8.25% 1/20/34 2,225,000 2,692,250 
12.25% 3/6/30 100,000 153,500 
TOTAL BRAZIL  3,689,500 
Cameroon - 0.5%   
Cameroon Republic 9.5% 11/19/25 (d) 3,750,000 4,061,745 
Costa Rica - 0.1%   
Costa Rican Republic 7.158% 3/12/45 (d) 850,000 892,500 
Dominican Republic - 0.0%   
Dominican Republic 6% 7/19/28 (d) 390,000 393,900 
Ecuador - 0.6%   
Ecuador Republic:   
7.875% 1/23/28 (d) 600,000 549,000 
7.95% 6/20/24 (d) 770,000 741,125 
8.75% 6/2/23 (d) 1,450,000 1,446,375 
8.875% 10/23/27 (d) 710,000 685,150 
9.625% 6/2/27 (d) 200,000 201,140 
9.65% 12/13/26 (d) 850,000 856,375 
10.75% 3/28/22 (d) 250,000 270,375 
TOTAL ECUADOR  4,749,540 
Egypt - 2.1%   
Arab Republic of Egypt:   
yield at date of purchase 18.0995% to 19.3001% 10/16/18 to 12/18/18 EGP51,800,000 2,764,980 
5.577% 2/21/23 (d) 1,345,000 1,334,065 
6.125% 1/31/22 (d) 1,575,000 1,596,744 
7.5% 1/31/27 (d) 2,600,000 2,708,264 
7.903% 2/21/48 (d) 2,025,000 2,009,740 
8.5% 1/31/47 (d) 6,075,000 6,392,382 
TOTAL EGYPT  16,806,175 
El Salvador - 1.7%   
El Salvador Republic:   
6.375% 1/18/27 (d) 1,550,000 1,495,750 
7.375% 12/1/19 1,875,000 1,931,250 
7.625% 2/1/41 (d) 2,050,000 2,029,500 
7.65% 6/15/35 (Reg. S) 3,000,000 3,000,000 
8.625% 2/28/29 (d) 4,560,000 4,981,800 
TOTAL EL SALVADOR  13,438,300 
Ethiopia - 0.3%   
Federal Democratic Republic of Ethiopia 6.625% 12/11/24 (d) 2,540,000 2,590,739 
Ghana - 1.0%   
Ghana Republic:   
7.625% 5/16/29 (d) 360,000 371,904 
7.875% 8/7/23 (Reg.S) 1,550,000 1,672,528 
8.125% 1/18/26 (d) 1,875,000 2,020,699 
8.627% 6/16/49 (d) 2,770,000 2,871,360 
10.75% 10/14/30 (d) 825,000 1,066,981 
TOTAL GHANA  8,003,472 
Iraq - 0.7%   
Republic of Iraq 5.8% 1/15/28 (Reg. S) 5,650,000 5,323,520 
Ivory Coast - 0.3%   
Ivory Coast 5.75% 12/31/32 2,821,250 2,690,908 
Jordan - 1.1%   
Jordanian Kingdom:   
5.75% 1/31/27 (d) 1,350,000 1,291,059 
6.125% 1/29/26 (d) 4,200,000 4,166,089 
7.375% 10/10/47 (d) 4,010,000 3,861,694 
TOTAL JORDAN  9,318,842 
Kuwait - 0.8%   
State of Kuwait 3.5% 3/20/27 (d) 6,440,000 6,319,971 
Lebanon - 3.5%   
Lebanese Republic:   
5.15% 11/12/18 1,000,000 996,956 
5.45% 11/28/19 7,050,000 6,858,240 
6% 5/20/19 7,885,000 7,802,050 
6.1% 10/4/22 4,535,000 4,026,173 
6.375% 3/9/20 7,375,000 7,171,008 
8.25% 4/12/21 (Reg.S) 1,445,000 1,412,777 
TOTAL LEBANON  28,267,204 
Mongolia - 0.1%   
Mongolian People's Republic 8.75% 3/9/24 (d) 850,000 938,128 
Nigeria - 0.4%   
Republic of Nigeria:   
yield at date of purchase 11.2564% to 15.189% 8/16/18(c) NGN895,000,000 2,461,285 
yield at date of purchase 12.33% 12/6/18(c) NGN300,000,000 796,196 
6.5% 11/28/27 (d) 395,000 386,034 
TOTAL NIGERIA  3,643,515 
Oman - 0.6%   
Sultanate of Oman:   
6.5% 3/8/47 (d) 780,000 727,699 
6.75% 1/17/48 (d) 4,450,000 4,238,394 
TOTAL OMAN  4,966,093 
Qatar - 1.6%   
State of Qatar:   
2.375% 6/2/21 1,225,000 1,188,250 
3.25% 6/2/26 950,000 907,070 
3.875% 4/23/23 (d) 335,000 336,240 
4.5% 4/23/28 (d) 2,705,000 2,759,316 
5.103% 4/23/48 (d) 2,675,000 2,731,924 
9.75% 6/15/30 (Reg. S) 3,280,000 4,861,065 
TOTAL QATAR  12,783,865 
Russia - 0.3%   
Ministry of Finance Russian Federation 4.75% 5/27/26 (d) 600,000 608,250 
Russian Federation:   
5.25% 6/23/47 (d) 1,400,000 1,389,500 
5.625% 4/4/42 (d) 600,000 643,507 
TOTAL RUSSIA  2,641,257 
Rwanda - 0.5%   
Rwanda Republic 6.625% 5/2/23 (d) 4,225,000 4,322,158 
Saudi Arabia - 0.4%   
Kingdom of Saudi Arabia:   
3.625% 3/4/28 (d) 1,625,000 1,548,411 
4.5% 10/26/46 (d) 1,210,000 1,140,667 
Kingdom of Saudi Arabia 3.25% 10/26/26 (d) 500,000 471,450 
TOTAL SAUDI ARABIA  3,160,528 
Sri Lanka - 0.1%   
Democratic Socialist Republic of Sri Lanka 6.2% 5/11/27 (d) 450,000 432,652 
Suriname - 0.7%   
Republic of Suriname:   
9.25% 10/26/26 200,000 194,000 
9.25% 10/26/26 (d) 6,000,000 5,820,000 
TOTAL SURINAME  6,014,000 
TAJIKISTAN - 0.2%   
Tajikistan Republic 7.125% 9/14/27 (d) 1,775,000 1,583,527 
Turkey - 2.1%   
Turkish Republic:   
5.125% 2/17/28 1,295,000 1,110,916 
5.75% 5/11/47 2,300,000 1,793,816 
6.875% 3/17/36 3,375,000 3,099,593 
7.25% 3/5/38 1,300,000 1,237,067 
7.375% 2/5/25 2,050,000 2,084,789 
8% 2/14/34 1,205,000 1,242,247 
11.875% 1/15/30 165,000 221,143 
Turkiye Ihracat Kredi Bankasi A/S 5.375% 2/8/21 (d) 6,675,000 6,406,799 
TOTAL TURKEY  17,196,370 
Ukraine - 1.4%   
Ukraine Government:   
7.75% 9/1/20 (d) 1,675,000 1,708,500 
7.75% 9/1/21 (d) 4,755,000 4,851,336 
7.75% 9/1/22 (d) 5,150,000 5,221,482 
TOTAL UKRAINE  11,781,318 
United States of America - 4.1%   
U.S. Treasury Bills, yield at date of purchase 1.8% to 1.9% 8/2/18 to 9/13/18 1,380,000 1,377,432 
U.S. Treasury Bonds 3.125% 5/15/48 32,000,000 32,279,991 
TOTAL UNITED STATES OF AMERICA  33,657,423 
Venezuela - 0.3%   
Venezuelan Republic 9.25% 9/15/27 (f) 7,500,000 2,150,250 
Zambia - 0.2%   
Republic of Zambia 8.97% 7/30/27 (d) 2,100,000 1,886,875 
TOTAL GOVERNMENT OBLIGATIONS   
(Cost $250,869,961)  244,184,256 
 Shares Value 
Money Market Funds - 3.0%   
Fidelity Cash Central Fund, 1.96% (g)   
(Cost $24,416,614) 24,412,602 24,417,485 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $773,330,168)  814,093,465 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (456,946) 
NET ASSETS - 100%  $813,636,519 

Currency Abbreviations

EGP – Egyptian pound

NGN – Nigerian naira

Security Type Abbreviations

ELS – Equity-Linked Security

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

Legend

 (a) Non-income producing

 (b) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,618,120 or 0.2% of net assets.

 (c) Level 3 security

 (d) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $159,377,609 or 19.6% of net assets.

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

 (f) Non-income producing - Security is in default.

 (g) 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.

Additional information on each restricted holding is as follows:

Security Acquisition Date Acquisition Cost 
Ant International Co. Ltd. 5/16/18 $1,618,120 

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 $386,612 
Fidelity Securities Lending Cash Central Fund 13,356 
Total $399,968  

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $70,000,835 $69,168,213 $832,622 $-- 
Consumer Staples 32,443,639 32,443,639 -- -- 
Energy 33,651,452 26,086,104 7,565,348 -- 
Financials 113,685,148 91,399,746 22,285,402 -- 
Health Care 12,579,271 12,579,271 -- -- 
Industrials 20,039,409 20,039,409 -- -- 
Information Technology 110,515,482 69,284,881 41,230,601 -- 
Materials 40,799,799 34,807,855 5,991,944 -- 
Real Estate 16,321,599 14,703,479 -- 1,618,120 
Telecommunication Services 16,648,620 12,814,475 3,834,145 -- 
Utilities 13,956,209 13,219,508 736,701 -- 
Corporate Bonds 64,850,261 -- 64,850,261 -- 
Government Obligations 244,184,256 -- 240,926,775 3,257,481 
Money Market Funds 24,417,485 24,417,485 -- -- 
Total Investments in Securities: $814,093,465 $420,964,065 $388,253,799 $4,875,601 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

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 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.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Emerging Markets Discovery Fund

July 31, 2018







EMD-QTLY-0918
1.931230.106





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.9%   
 Shares Value 
Argentina - 0.7%   
BBVA Banco Frances SA sponsored ADR 66,900 $911,847 
Central Puerto SA sponsored ADR (a) 49,100 559,740 
Inversiones y Representaciones SA ADR 53,227 993,216 
Telecom Argentina SA Class B sponsored ADR 18,300 367,281 
TOTAL ARGENTINA  2,832,084 
Bangladesh - 0.2%   
BRAC Bank Ltd. 978,600 767,736 
Bermuda - 2.2%   
AGTech Holdings Ltd. (b) 16,548,000 1,539,045 
Joy City Property Ltd. 9,897,000 1,210,480 
Pacific Basin Shipping Ltd. 10,908,000 2,848,931 
Shangri-La Asia Ltd. 1,836,000 3,003,451 
TOTAL BERMUDA  8,601,907 
Brazil - 6.5%   
Azul SA sponsored ADR (b) 109,200 2,091,180 
B2W Companhia Global do Varejo (b) 190,000 1,425,013 
Banco ABC Brasil SA rights 8/2/18 (b) 11,929 10,847 
BTG Pactual Participations Ltd. unit 206,200 1,087,779 
Companhia de Saneamento de Minas Gerais 96,020 1,040,709 
Construtora Tenda SA (b) 117,800 834,546 
Cyrela Brazil Realty SA 254,800 786,809 
Direcional Engenharia SA (b) 463,300 854,191 
Fibria Celulose SA 177,800 3,505,502 
Localiza Rent A Car SA 405,385 2,565,181 
Natura Cosmeticos SA 216,500 1,678,563 
Notre Dame Intermedica Participacoes SA 498,389 3,253,279 
Petrobras Distribuidora SA 150,700 782,549 
QGEP Participacoes SA 731,200 3,152,110 
Tegma Gestao Logistica SA 425,900 2,018,693 
TOTAL BRAZIL  25,086,951 
British Virgin Islands - 0.3%   
Dolphin Capital Investors Ltd. (b) 8,361,857 664,009 
Mail.Ru Group Ltd. GDR (Reg. S) (b) 22,900 620,590 
TOTAL BRITISH VIRGIN ISLANDS  1,284,599 
Canada - 0.9%   
First Quantum Minerals Ltd. 62,000 967,045 
Pan American Silver Corp. 149,600 2,463,912 
TOTAL CANADA  3,430,957 
Cayman Islands - 10.0%   
58.com, Inc. ADR (b) 28,310 1,904,131 
ASM Pacific Technology Ltd. 73,900 889,261 
Chailease Holding Co. Ltd. 537,540 1,757,758 
China Literature Ltd. (b)(c) 207,800 1,738,054 
E-House China Enterprise Holdings Ltd. (b) 93,300 151,200 
ENN Energy Holdings Ltd. 172,400 1,753,861 
Fu Shou Yuan International Group Ltd. (c) 5,857,000 5,402,524 
General Interface Solution Holding Ltd. 152,000 1,031,359 
Haitian International Holdings Ltd. 1,462,000 3,445,895 
Kingdee International Software Group Co. Ltd. 590,000 653,213 
Kingsoft Corp. Ltd. 1,558,000 3,771,412 
LexinFintech Holdings Ltd. ADR 7,920 100,980 
Longfor Properties Co. Ltd. 267,000 750,072 
NetEase, Inc. ADR 4,200 1,083,600 
Parade Technologies Ltd. 54,000 822,864 
PPDAI Group, Inc. ADR (b) 5,400 24,516 
Shimao Property Holdings Ltd. 759,000 2,151,566 
Silergy Corp. 42,000 965,501 
SITC International Holdings Co. Ltd. 4,142,500 4,021,614 
TAL Education Group ADR (b) 15,570 498,084 
Uni-President China Holdings Ltd. 2,849,000 3,292,173 
Yuzhou Properties Co. 2,274,000 1,280,547 
YY, Inc. ADR (b) 11,200 1,044,176 
TOTAL CAYMAN ISLANDS  38,534,361 
Chile - 0.7%   
Compania Cervecerias Unidas SA sponsored ADR (a) 24,300 661,689 
Empresas CMPC SA 461,227 1,869,078 
TOTAL CHILE  2,530,767 
China - 8.4%   
BBMG Corp. (H Shares) 3,182,000 1,252,684 
China Longyuan Power Grid Corp. Ltd. (H Shares) 3,452,200 3,215,113 
China Oilfield Services Ltd. (H Shares) 2,672,000 2,451,048 
China Suntien Green Energy Corp. Ltd. (H Shares) 2,741,000 876,528 
GDS Holdings Ltd. ADR (b) 17,200 375,476 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 212,000 1,076,073 
Hangzhou Tigermed Consulting Co. Ltd. Class A 349,227 3,076,696 
Lens Technology Co. Ltd. Class A 531,929 983,796 
Luxshare Precision Industry Co. Ltd. Class A 464,276 1,230,082 
Qingdao Haier Co. Ltd. 836,960 2,116,756 
Shanghai International Airport Co. Ltd. (A Shares) 308,341 2,727,804 
Shenzhen Inovance Technology Co. Ltd. Class A 190,500 746,319 
Sinopec Engineering Group Co. Ltd. (H Shares) 259,500 264,491 
Sohu.Com Ltd. ADR (b) 27,000 680,400 
Suofeiya Home Collection Co. Ltd. Class A 360,420 1,597,705 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 583,708 1,866,954 
Tsingtao Brewery Co. Ltd. (H Shares) 404,000 2,159,217 
Wise Talent Information Technology Co. Ltd. (b) 89,505 324,424 
YiChang HEC ChangJiang Pharmaceutical Co. Ltd. 624,800 3,036,816 
Zhengzhou Yutong Bus Co. Ltd. 924,762 2,280,447 
TOTAL CHINA  32,338,829 
Colombia - 0.2%   
Bancolombia SA sponsored ADR 14,300 656,513 
Cyprus - 1.0%   
Globaltrans Investment PLC GDR (Reg. S) 277,000 3,185,500 
TCS Group Holding PLC unit 32,000 684,800 
TOTAL CYPRUS  3,870,300 
Egypt - 1.3%   
Credit Agricole Egypt 346,080 847,286 
Egyptian Kuwaiti Holding 1,710,700 1,950,198 
Six of October Development & Investment Co. (b) 1,553,700 2,060,587 
TOTAL EGYPT  4,858,071 
Greece - 2.4%   
Alpha Bank AE (b) 861,800 1,881,461 
Fourlis Holdings SA 535,800 3,615,123 
Titan Cement Co. SA (Reg.) 146,600 3,557,104 
TOTAL GREECE  9,053,688 
Hong Kong - 4.1%   
China Resources Beer Holdings Co. Ltd. 606,000 2,725,400 
China Travel International Investment HK Ltd. 10,056,000 4,035,699 
CSPC Pharmaceutical Group Ltd. 1,396,000 3,646,046 
Far East Horizon Ltd. 1,271,584 1,224,757 
Sun Art Retail Group Ltd. 909,000 1,158,102 
Techtronic Industries Co. Ltd. 313,500 1,745,428 
Yuexiu Property Co. Ltd. 6,882,000 1,306,423 
TOTAL HONG KONG  15,841,855 
India - 9.3%   
Adani Ports & Special Economic Zone Ltd. 624,292 3,645,351 
CESC Ltd. GDR 57,246 789,829 
Deccan Cements Ltd. 208,246 1,353,477 
EIH Ltd. (b) 621,651 1,531,426 
Federal Bank Ltd. 1,293,781 1,681,953 
Future Retail Ltd. 111,003 866,816 
Gujarat Gas Ltd. 40,000 460,532 
Indraprastha Gas Ltd. 131,300 582,948 
InterGlobe Aviation Ltd. (c) 147,630 2,004,844 
JK Cement Ltd. 127,371 1,429,249 
LIC Housing Finance Ltd. 383,164 2,961,042 
Manappuram General Finance & Leasing Ltd. 1,310,688 2,017,916 
Oberoi Realty Ltd. 299,038 2,166,999 
Phoenix Mills Ltd. (b) 113,306 1,040,128 
Piramal Enterprises Ltd. 96,100 3,761,741 
Power Grid Corp. of India Ltd. 377,068 1,004,083 
Solar Industries India Ltd. (b) 67,845 1,183,323 
South Indian Bank Ltd. (b) 2,206,171 588,119 
The Ramco Cements Ltd. 198,311 2,079,861 
Torrent Pharmaceuticals Ltd. 176,740 3,946,316 
Yes Bank Ltd. 135,335 727,381 
TOTAL INDIA  35,823,334 
Indonesia - 1.9%   
PT Bank Negara Indonesia (Persero) Tbk 1,264,200 648,757 
PT Cikarang Listrindo Tbk (c) 5,868,700 415,123 
PT Holcim Indonesia Tbk (b) 24,325,300 1,307,358 
PT Media Nusantara Citra Tbk 10,072,700 688,045 
PT Pakuwon Jati Tbk 27,163,900 970,139 
PT Panin Life Tbk (b) 45,655,200 645,885 
PT Semen Gresik (Persero) Tbk 3,231,900 1,703,359 
PT XL Axiata Tbk (b) 4,932,100 940,588 
TOTAL INDONESIA  7,319,254 
Italy - 1.0%   
Prada SpA 764,300 3,636,950 
Korea (South) - 8.7%   
AMOREPACIFIC Group, Inc. 30,824 2,652,015 
BS Financial Group, Inc. 308,183 2,482,691 
Cafe24 Corp. (b) 4,090 587,712 
Daou Technology, Inc. 42,209 898,411 
F&F Co. Ltd. 52,070 3,647,570 
HDC Hyundai Development Co. (b) 19,216 992,321 
Hyundai Fire & Marine Insurance Co. Ltd. 40,582 1,335,761 
Hyundai HCN 85,578 318,957 
Hyundai Wia Corp. 41,218 1,743,530 
Iljin Materials Co. Ltd. 37,215 1,774,737 
Kakao Corp. 10,090 1,019,448 
KEPCO Plant Service & Engineering Co. Ltd. 43,272 1,338,806 
Kolon Industries, Inc. 7,780 427,615 
Korean Reinsurance Co. 91,356 906,611 
LG Chemical Ltd. 4,484 1,510,144 
LG Innotek Co. Ltd. 13,551 1,983,720 
NCSOFT Corp. 8,157 2,824,076 
Samjin Pharmaceutical Co. Ltd. 60,241 2,485,989 
Samsung Electro-Mechanics Co. Ltd. 23,475 3,236,201 
Samsung SDI Co. Ltd. 6,965 1,432,445 
TOTAL KOREA (SOUTH)  33,598,760 
Luxembourg - 1.3%   
Samsonite International SA 1,353,300 5,120,748 
Malaysia - 1.1%   
British American Tobacco (Malaysia) Bhd 187,800 1,583,711 
Lafarge Malaysia Bhd (b) 2,056,200 1,603,482 
Matrix Concepts Holdings Bhd 2,127,700 1,088,712 
TOTAL MALAYSIA  4,275,905 
Mauritius - 0.3%   
MakeMyTrip Ltd. (a)(b) 37,100 1,215,025 
Mexico - 2.8%   
Credito Real S.A.B. de CV 667,000 940,856 
Fibra Uno Administracion SA de CV 1,359,500 1,957,800 
Gruma S.A.B. de CV Series B 133,300 1,725,385 
Grupo Comercial Chedraui S.A.B. de CV 651,000 1,599,753 
Grupo GICSA SA de CV (b) 964,000 472,231 
Industrias Penoles SA de CV 169,350 2,871,392 
Qualitas Controladora S.A.B. de CV 388,100 1,039,292 
TOTAL MEXICO  10,606,709 
Netherlands - 1.9%   
VEON Ltd. sponsored ADR 198,100 600,243 
Yandex NV Series A (b) 181,500 6,526,738 
TOTAL NETHERLANDS  7,126,981 
Pakistan - 0.4%   
Habib Bank Ltd. 677,900 971,994 
Hub Power Co. Ltd. 731,500 566,300 
TOTAL PAKISTAN  1,538,294 
Panama - 0.7%   
Copa Holdings SA Class A 28,600 2,783,924 
Peru - 0.8%   
Compania de Minas Buenaventura SA sponsored ADR 215,200 2,956,848 
Philippines - 1.8%   
Metro Pacific Investments Corp. 30,103,300 2,674,461 
Metropolitan Bank & Trust Co. 734,928 1,021,677 
Philippine Seven Corp. 608,200 1,319,306 
Pilipinas Shell Petroleum Corp. 854,540 907,490 
Robinsons Land Corp. 2,701,008 997,562 
TOTAL PHILIPPINES  6,920,496 
Russia - 1.0%   
Bank St. Petersburg PJSC (b) 1,478,500 1,172,647 
LSR Group OJSC 129,264 1,601,478 
PhosAgro OJSC GDR (Reg. S) 92,900 1,223,493 
TOTAL RUSSIA  3,997,618 
Singapore - 0.7%   
First Resources Ltd. 1,689,600 1,998,205 
Yoma Strategic Holdings Ltd. 2,457,700 667,976 
TOTAL SINGAPORE  2,666,181 
South Africa - 6.3%   
Barclays Africa Group Ltd. 75,156 981,095 
Bidvest Group Ltd. 239,700 3,409,593 
Discovery Ltd. 58,900 760,433 
Imperial Holdings Ltd. 274,100 4,442,012 
Mr Price Group Ltd. 181,000 3,232,226 
Nampak Ltd. (b) 1,672,738 1,909,341 
Old Mutual Ltd. (b) 416,200 953,301 
Pick 'n Pay Stores Ltd. 320,300 1,811,972 
Redefine Properties Ltd. 2,526,900 2,039,943 
Reunert Ltd. 371,400 2,301,594 
Sanlam Ltd. 152,600 884,715 
Tiger Brands Ltd. 53,000 1,408,772 
TOTAL SOUTH AFRICA  24,134,997 
Sri Lanka - 0.4%   
Dialog Axiata PLC 7,841,111 697,424 
Hatton National Bank PLC 640,233 907,916 
TOTAL SRI LANKA  1,605,340 
Taiwan - 7.8%   
Advantech Co. Ltd. 95,693 633,656 
ASPEED Tech, Inc. 18,000 476,767 
Chipbond Technology Corp. 450,000 968,248 
Chroma ATE, Inc. 298,000 1,680,946 
Cleanaway Co. Ltd. 344,000 2,086,655 
CTCI Corp. 1,397,000 2,094,518 
Delta Electronics, Inc. 88,000 306,465 
E Ink Holdings, Inc. 567,000 727,731 
eMemory Technology, Inc. 42,000 451,849 
Genius Electronic Optical Co. Ltd. 43,000 679,850 
Global Unichip Corp. 61,000 661,244 
Inventec Corp. 1,442,000 1,152,902 
LandMark Optoelectronics Corp. 110,000 980,184 
Largan Precision Co. Ltd. 4,080 687,093 
Lealea Enterprise Co. Ltd. 3,222,000 1,048,327 
PChome Online, Inc. 107,000 477,600 
Sino-American Silicon Products, Inc. 137,000 470,390 
Sporton International, Inc. 130,290 613,510 
St.Shine Optical Co. Ltd. 117,000 2,574,834 
Taiwan Fertilizer Co. Ltd. 2,043,000 2,872,666 
TCI Co. Ltd. 225,851 4,283,496 
United Microelectronics Corp. 2,333,000 1,337,505 
Vanguard International Semiconductor Corp. 592,000 1,509,957 
Win Semiconductors Corp. 175,000 846,931 
Wiwynn Corp. 42,627 512,957 
TOTAL TAIWAN  30,136,281 
Thailand - 2.7%   
Bangkok Bank PCL (For. Reg.) 137,400 859,008 
Com7 PCL 3,515,200 1,912,387 
PTT Global Chemical PCL (For. Reg.) 734,000 1,803,562 
Siam Cement PCL (For. Reg.) 240,600 3,254,283 
Star Petroleum Refining PCL 5,425,900 2,381,068 
TOTAL THAILAND  10,210,308 
Turkey - 2.0%   
Aksa Akrilik Kimya Sanayii 560,300 1,330,933 
Aselsan A/S 401,200 2,210,652 
Bim Birlesik Magazalar A/S JSC 126,800 1,822,645 
Tupras Turkiye Petrol Rafinerileri A/S 101,828 2,224,483 
TOTAL TURKEY  7,588,713 
United Arab Emirates - 0.7%   
Aldar Properties PJSC 2,589,410 1,431,061 
Emaar Properties PJSC 816,567 1,173,781 
TOTAL UNITED ARAB EMIRATES  2,604,842 
United Kingdom - 2.2%   
Bank of Georgia Group PLC 27,240 652,579 
Contemporary Amperex Technology Co. Ltd. (UBS Bank Warrant Program) Class A warrants 6/24/19 (b)(c) 39,900 422,972 
NMC Health PLC 86,800 4,324,758 
Samba Financial Group (HSBC Bank Warrant Program) warrants 5/6/20 (b)(c) 140,000 1,183,372 
TBC Bank Group PLC 45,253 1,044,196 
Tonghua Dongbao Pharmaceutical Co. Ltd. (UBS Bank Warrant Program) Class A warrants 3/26/19 (b) 285,190 912,163 
TOTAL UNITED KINGDOM  8,540,040 
United States of America - 1.1%   
MercadoLibre, Inc. 12,000 4,114,920 
Uxin Ltd. ADR (b) 36,820 226,811 
TOTAL UNITED STATES OF AMERICA  4,341,731 
Vietnam - 0.1%   
FTP Corp. 217,196 399,261 
TOTAL COMMON STOCKS   
(Cost $355,487,478)  368,837,158 
Nonconvertible Preferred Stocks - 3.2%   
Brazil - 2.1%   
Banco ABC Brasil SA 315,452 1,304,403 
Bradespar SA (PN) 236,600 2,053,773 
Companhia Paranaense de Energia-Copel (PN-B) sponsored ADR (a) 384,060 2,089,286 
Metalurgica Gerdau SA (PN) 1,023,700 2,097,422 
TIM Participacoes SA sponsored ADR 29,160 478,807 
TOTAL BRAZIL  8,023,691 
Korea (South) - 0.7%   
Hyundai Motor Co. Series 2 24,966 1,966,392 
Samsung Fire & Marine Insurance Co. Ltd. 5,178 860,311 
TOTAL KOREA (SOUTH)  2,826,703 
Russia - 0.4%   
Sberbank of Russia 530,300 1,548,448 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $13,754,814)  12,398,842 
 Principal Amount Value 
Government Obligations - 0.0%   
United States of America - 0.0%   
U.S. Treasury Bills, yield at date of purchase 1.79% to 1.81% 8/2/18
(Cost $89,996) 
90,000 89,996 
 Shares Value 
Money Market Funds - 1.7%   
Fidelity Cash Central Fund, 1.96% (d) 3,159,735 3,160,367 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 3,189,852 3,190,171 
TOTAL MONEY MARKET FUNDS   
(Cost $6,350,378)  6,350,538 
TOTAL INVESTMENT IN SECURITIES - 100.8%   
(Cost $375,682,666)  387,676,534 
NET OTHER ASSETS (LIABILITIES) - (0.8)%  (2,963,168) 
NET ASSETS - 100%  $384,713,366 

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

Legend

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

 (b) Non-income producing

 (c) Security exempt from registration under 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 $11,166,889 or 2.9% of net assets.

 (d) 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.

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

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 $244,196 
Fidelity Securities Lending Cash Central Fund 106,219 
Total $350,415 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $61,137,276 $61,137,276 $-- $-- 
Consumer Staples 31,880,404 31,880,404 -- -- 
Energy 11,992,727 11,992,727 -- -- 
Financials 48,272,320 45,742,966 2,529,354 -- 
Health Care 31,973,429 31,973,429 -- -- 
Industrials 50,907,905 50,907,905 -- -- 
Information Technology 56,078,189 54,740,684 1,337,505 -- 
Materials 47,255,973 47,255,973 -- -- 
Real Estate 26,175,910 26,175,910 -- -- 
Telecommunication Services 3,084,343 3,084,343 -- -- 
Utilities 12,477,524 12,477,524 -- -- 
Government Obligations 89,996 -- 89,996 -- 
Money Market Funds 6,350,538 6,350,538 -- -- 
Total Investments in Securities: $387,676,534 $383,719,679 $3,956,855 $-- 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

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 prepayment speed assumptions, attributes of the collateral, 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.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Global Equity Income Fund

July 31, 2018







GED-QTLY-0918
1.938167.106





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 93.5%   
 Shares Value 
Australia - 0.0%   
Inghams Group Ltd. 11,282 $30,762 
Bailiwick of Jersey - 1.3%   
Shire PLC 4,500 256,294 
Wolseley PLC 6,027 475,435 
WPP PLC 15,500 242,451 
TOTAL BAILIWICK OF JERSEY  974,180 
Belgium - 1.3%   
Anheuser-Busch InBev SA NV 5,000 508,820 
KBC Groep NV 6,145 472,529 
TOTAL BELGIUM  981,349 
Bermuda - 0.7%   
Hiscox Ltd. 12,200 255,890 
IHS Markit Ltd. (a) 5,000 265,150 
TOTAL BERMUDA  521,040 
Canada - 4.5%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 8,300 381,232 
Constellation Software, Inc. 1,300 942,414 
Fairfax Financial Holdings Ltd. (sub. vtg.) 541 305,673 
Imperial Oil Ltd. 17,300 592,470 
Suncor Energy, Inc. 27,900 1,174,895 
TOTAL CANADA  3,396,684 
Cayman Islands - 0.7%   
Best Pacific International Holdings Ltd. 138,000 50,987 
SITC International Holdings Co. Ltd. 465,000 451,430 
TOTAL CAYMAN ISLANDS  502,417 
China - 0.6%   
Shanghai International Airport Co. Ltd. (A Shares) 46,668 412,858 
Zhengzhou Yutong Bus Co. Ltd. 11,600 28,605 
TOTAL CHINA  441,463 
France - 1.5%   
Compagnie de St. Gobain 8,500 378,446 
Edenred SA 3,087 121,541 
Maisons du Monde SA (b) 5,400 165,187 
VINCI SA 4,700 472,651 
TOTAL FRANCE  1,137,825 
Germany - 3.0%   
adidas AG 1,781 393,926 
Deutsche Post AG 8,809 311,183 
Deutsche Telekom AG 11,000 181,886 
Hannover Reuck SE 1,500 199,959 
Linde AG 2,000 493,700 
SAP SE 5,519 642,334 
TOTAL GERMANY  2,222,988 
Hong Kong - 0.5%   
Techtronic Industries Co. Ltd. 70,500 392,512 
India - 0.2%   
HDFC Asset Management Co. Ltd. (a) 79 1,269 
HDFC Bank Ltd. sponsored ADR 1,800 186,012 
TOTAL INDIA  187,281 
Ireland - 1.7%   
Accenture PLC Class A 4,640 739,291 
Greencore Group PLC 35,600 82,847 
Johnson Controls International PLC 4,000 150,040 
Paddy Power Betfair PLC (Ireland) 2,700 294,413 
TOTAL IRELAND  1,266,591 
Isle of Man - 0.4%   
Playtech Ltd. 38,858 274,294 
Italy - 0.3%   
Prada SpA 52,700 250,775 
Japan - 6.9%   
A/S One Corp. 4,000 279,390 
Aucnet, Inc. 9,500 141,886 
Broadleaf Co. Ltd. 40,600 245,455 
Daiichikosho Co. Ltd. 22,900 1,085,454 
Hoya Corp. 15,100 904,798 
Inaba Denki Sangyo Co. Ltd. 8,000 337,343 
Japan Meat Co. Ltd. 18,600 350,824 
Mitani Shoji Co. Ltd. 1,900 88,360 
Morinaga & Co. Ltd. 8,300 384,510 
Nippon Telegraph & Telephone Corp. 13,100 605,922 
Sony Corp. 8,400 451,474 
Tsuruha Holdings, Inc. 2,700 331,780 
TOTAL JAPAN  5,207,196 
Kenya - 0.5%   
Safaricom Ltd. 1,382,200 385,282 
Luxembourg - 0.7%   
B&M European Value Retail S.A. 78,956 427,696 
Samsonite International SA 20,100 76,056 
TOTAL LUXEMBOURG  503,752 
Multi-National - 0.6%   
HKT Trust/HKT Ltd. unit 351,600 469,454 
Netherlands - 2.8%   
Koninklijke Philips Electronics NV 6,196 272,002 
LyondellBasell Industries NV Class A 5,900 653,661 
Unilever NV (Certificaten Van Aandelen) (Bearer) 20,079 1,158,377 
TOTAL NETHERLANDS  2,084,040 
Norway - 0.8%   
Equinor ASA 21,463 569,950 
Panama - 0.4%   
Carnival Corp. 5,000 296,200 
Spain - 1.3%   
Amadeus IT Holding SA Class A 4,500 384,131 
CaixaBank SA 50,000 230,044 
Prosegur Cash SA (b) 127,800 343,719 
TOTAL SPAIN  957,894 
Sweden - 1.0%   
Essity AB Class B 15,000 375,130 
HEXPOL AB (B Shares) 9,300 99,949 
Loomis AB (B Shares) 8,500 266,611 
TOTAL SWEDEN  741,690 
Switzerland - 4.3%   
Banque Cantonale Vaudoise 470 351,735 
Chubb Ltd. 3,600 502,992 
Nestle SA (Reg. S) 15,345 1,250,515 
Roche Holding AG (participation certificate) 3,000 736,940 
Swatch Group AG (Bearer) 870 390,914 
TOTAL SWITZERLAND  3,233,096 
Taiwan - 1.0%   
Taiwan Semiconductor Manufacturing Co. Ltd. 94,000 752,408 
Thailand - 0.3%   
Star Petroleum Refining PCL 571,800 250,925 
United Kingdom - 10.9%   
AstraZeneca PLC sponsored ADR 14,200 555,646 
British American Tobacco PLC (United Kingdom) 31,978 1,757,905 
Bunzl PLC 8,500 252,699 
Cineworld Group PLC 75,000 266,776 
Compass Group PLC 15,500 333,548 
Conviviality PLC (c) 62,820 
GlaxoSmithKline PLC 27,653 574,360 
Hastings Group Holdings PLC (b) 71,432 233,458 
Hilton Food Group PLC 58,600 735,312 
Imperial Tobacco Group PLC 11,756 450,874 
Melrose Industries PLC 63,154 178,966 
Micro Focus International PLC 54,158 883,720 
Moneysupermarket.com Group PLC 92,244 380,296 
Reckitt Benckiser Group PLC 2,600 231,792 
Rolls-Royce Holdings PLC 5,700 74,109 
St. James's Place Capital PLC 25,521 403,813 
Standard Life PLC 84,372 345,849 
Victrex PLC 7,300 302,204 
Vodafone Group PLC 111,200 271,657 
TOTAL UNITED KINGDOM  8,232,985 
United States of America - 45.3%   
Altria Group, Inc. 11,100 651,348 
American Tower Corp. 8,760 1,298,582 
AMETEK, Inc. 11,200 871,360 
Amgen, Inc. 6,620 1,301,161 
Apple, Inc. 11,650 2,216,880 
Ball Corp. 5,400 210,438 
Bank of America Corp. 49,080 1,515,590 
Becton, Dickinson & Co. 2,900 726,073 
Bluegreen Vacations Corp. (d) 16,100 413,931 
Bristol-Myers Squibb Co. 6,100 358,375 
Capital One Financial Corp. 9,100 858,312 
Cedar Fair LP (depositary unit) 4,100 234,274 
Charter Communications, Inc. Class A (a) 1,200 365,496 
Chevron Corp. 11,065 1,397,178 
Citigroup, Inc. 15,700 1,128,673 
Comcast Corp. Class A 14,700 525,966 
ConocoPhillips Co. 16,500 1,190,805 
Danaher Corp. 4,900 502,642 
Diamond Hill Investment Group, Inc. 1,000 191,740 
DowDuPont, Inc. 10,640 731,713 
Enterprise Products Partners LP 2,900 84,100 
Exxon Mobil Corp. 9,630 784,941 
Fortive Corp. 4,200 344,736 
General Electric Co. 25,000 340,750 
Interpublic Group of Companies, Inc. 10,700 241,285 
Johnson & Johnson 7,600 1,007,152 
JPMorgan Chase & Co. 14,730 1,693,214 
Keurig Dr. Pepper, Inc. 4,841 116,232 
Lowe's Companies, Inc. 3,700 367,558 
Microsoft Corp. 20,664 2,192,037 
MSCI, Inc. 2,400 398,856 
Packaging Corp. of America 1,800 203,220 
PepsiCo, Inc. 6,300 724,500 
Philip Morris International, Inc. 3,100 267,530 
Phillips 66 Co. 3,500 431,690 
Qualcomm, Inc. 15,900 1,019,031 
S&P Global, Inc. 2,140 428,942 
SunTrust Banks, Inc. 12,400 893,668 
The Coca-Cola Co. 16,400 764,732 
The J.M. Smucker Co. 3,500 388,920 
U.S. Bancorp 17,580 931,916 
UnitedHealth Group, Inc. 3,100 784,982 
Valero Energy Corp. 3,900 461,565 
Verizon Communications, Inc. 22,600 1,167,064 
Wells Fargo & Co. 22,657 1,298,020 
TOTAL UNITED STATES OF AMERICA  34,027,178 
TOTAL COMMON STOCKS   
(Cost $55,010,291)  70,292,211 
Nonconvertible Preferred Stocks - 1.0%   
Brazil - 0.5%   
Itau Unibanco Holding SA 27,200 326,113 
Spain - 0.5%   
Grifols SA Class B 18,900 395,817 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $679,637)  721,930 
 Principal Amount(e) Value 
Nonconvertible Bonds - 0.0%   
Canada - 0.0%   
Constellation Software, Inc. Canada Consumer Price Index + 6.500% 8.1% 3/31/40(f)(g) CAD  
(Cost $2,060) CAD 2,400 2,327 
 Shares Value 
Money Market Funds - 6.0%   
Fidelity Cash Central Fund, 1.96% (h) 4,234,342 4,235,189 
Fidelity Securities Lending Cash Central Fund 1.97% (h)(i) 313,046 313,077 
TOTAL MONEY MARKET FUNDS   
(Cost $4,548,266)  4,548,266 
TOTAL INVESTMENT IN SECURITIES - 100.5%   
(Cost $60,240,254)  75,564,734 
NET OTHER ASSETS (LIABILITIES) - (0.5)%  (405,230) 
NET ASSETS - 100%  $75,159,504 

Currency Abbreviations

CAD – Canadian dollar

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

Legend

 (a) Non-income producing

 (b) 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 $742,364 or 1.0% of net assets.

 (c) Level 3 security

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

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

 (f) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

 (g) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

 (h) 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.

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

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 $32,532 
Fidelity Securities Lending Cash Central Fund 5,162 
Total $37,694 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $7,541,173 $6,847,248 $693,925 $-- 
Consumer Staples 10,943,943 6,036,533 4,907,409 
Energy 6,938,519 6,938,519 -- -- 
Financials 13,497,986 13,266,673 231,313 -- 
Health Care 8,655,632 6,420,219 2,235,413 -- 
Industrials 5,822,273 5,436,981 385,292 -- 
Information Technology 10,539,883 8,261,421 2,278,462 -- 
Materials 2,694,885 2,694,885 -- -- 
Real Estate 1,298,582 1,298,582 -- -- 
Telecommunication Services 3,081,265 2,021,800 1,059,465 -- 
Corporate Bonds 2,327 -- 2,327 -- 
Money Market Funds 4,548,266 4,548,266 -- -- 
Total Investments in Securities: $75,564,734 $63,771,127 $11,793,606 $1 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $2,140,640 
Level 2 to Level 1 $4,884,693 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

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 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.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® International Capital Appreciation K6 Fund

July 31, 2018







IVFK6-QTLY-0918
1.9883988.101





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.2%   
 Shares Value 
Australia - 1.9%   
Aristocrat Leisure Ltd. 89,039 $2,130,079 
CSL Ltd. 20,425 2,983,508 
realestate.com.au Ltd. 28,845 1,860,158 
TOTAL AUSTRALIA  6,973,745 
Bailiwick of Jersey - 1.1%   
Experian PLC 85,100 2,093,221 
Wolseley PLC 26,380 2,080,967 
TOTAL BAILIWICK OF JERSEY  4,174,188 
Belgium - 1.2%   
KBC Groep NV 28,669 2,204,545 
Umicore SA 36,442 2,130,673 
TOTAL BELGIUM  4,335,218 
Bermuda - 0.9%   
Credicorp Ltd. (United States) 6,087 1,392,523 
Hiscox Ltd. 96,562 2,025,344 
TOTAL BERMUDA  3,417,867 
Canada - 3.1%   
Canadian National Railway Co. 34,229 3,055,442 
Canadian Pacific Railway Ltd. 11,956 2,371,072 
CCL Industries, Inc. Class B 39,265 1,992,151 
Constellation Software, Inc. 2,924 2,119,706 
Waste Connection, Inc. (Canada) 25,343 1,966,111 
TOTAL CANADA  11,504,482 
Cayman Islands - 6.0%   
Alibaba Group Holding Ltd. sponsored ADR (a) 30,146 5,644,236 
New Oriental Education & Technology Group, Inc. sponsored ADR 24,283 2,089,309 
Sands China Ltd. 393,600 2,025,906 
Shenzhou International Group Holdings Ltd. 167,000 2,047,859 
Sunny Optical Technology Group Co. Ltd. 112,300 1,852,817 
TAL Education Group ADR (a) 64,000 2,047,360 
Tencent Holdings Ltd. 138,700 6,312,852 
TOTAL CAYMAN ISLANDS  22,020,339 
China - 4.7%   
China International Travel Service Corp. Ltd. (A Shares) 174,085 1,794,588 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 365,473 1,855,073 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 99,000 1,865,142 
Kweichow Moutai Co. Ltd. (A Shares) 17,733 1,890,874 
Midea Group Co. Ltd. Class A 278,400 1,945,576 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 296,500 2,750,040 
Shanghai International Airport Co. Ltd. (A Shares) 209,133 1,850,140 
Shenzhen Inovance Technology Co. Ltd. Class A 451,203 1,767,670 
Yunnan Baiyao Group Co. Ltd. 123,500 1,805,721 
TOTAL CHINA  17,524,824 
Denmark - 1.2%   
DONG Energy A/S (b) 34,200 2,109,140 
DSV de Sammensluttede Vognmaend A/S 26,300 2,205,510 
TOTAL DENMARK  4,314,650 
Finland - 0.6%   
Neste Oyj 26,500 2,188,357 
France - 9.2%   
Aeroports de Paris 9,058 2,027,304 
Air Liquide SA 22,200 2,838,362 
Eiffage SA 17,854 1,998,401 
Hermes International SCA 3,559 2,253,986 
Kering SA 4,742 2,528,546 
L'Oreal SA 11,900 2,915,248 
Legrand SA 29,234 2,148,171 
LVMH Moet Hennessy - Louis Vuitton SA 10,294 3,587,336 
Orpea 13,278 1,826,708 
Pernod Ricard SA 14,915 2,405,966 
Safran SA 20,700 2,566,998 
SR Teleperformance SA 11,101 2,035,414 
Thales SA 15,367 2,020,659 
VINCI SA 27,372 2,752,641 
TOTAL FRANCE  33,905,740 
Germany - 8.2%   
adidas AG 11,462 2,535,194 
Allianz SE 16,583 3,669,066 
CTS Eventim AG 38,784 1,828,595 
Deutsche Borse AG 17,700 2,332,620 
Deutsche Wohnen AG (Bearer) 45,043 2,194,275 
Hannover Reuck SE 15,800 2,106,233 
Infineon Technologies AG 90,700 2,401,988 
Linde AG 11,100 2,740,033 
SAP SE 32,984 3,838,877 
Symrise AG 22,808 2,061,099 
Vonovia SE 47,000 2,275,871 
Wirecard AG 12,161 2,271,719 
TOTAL GERMANY  30,255,570 
Hong Kong - 2.7%   
AIA Group Ltd. 434,000 3,787,592 
CSPC Pharmaceutical Group Ltd. 756,000 1,974,506 
Galaxy Entertainment Group Ltd. 279,000 2,241,157 
Techtronic Industries Co. Ltd. 361,000 2,009,887 
TOTAL HONG KONG  10,013,142 
India - 6.5%   
Adani Ports & Special Economic Zone Ltd. 368,888 2,154,002 
Asian Paints Ltd. 100,122 2,122,657 
Eicher Motors Ltd. 4,610 1,871,915 
Godrej Consumer Products Ltd. 112,372 2,161,593 
HDFC Bank Ltd. 24,257 767,317 
HDFC Bank Ltd. sponsored ADR 10,810 1,117,105 
Housing Development Finance Corp. Ltd. 94,073 2,741,185 
IndusInd Bank Ltd. 66,608 1,941,177 
Kotak Mahindra Bank Ltd. 99,345 1,896,421 
Maruti Suzuki India Ltd. 16,293 2,265,824 
Reliance Industries Ltd. 174,985 3,031,437 
Titan Co. Ltd. 160,600 2,140,278 
TOTAL INDIA  24,210,911 
Indonesia - 0.6%   
PT Bank Central Asia Tbk 1,409,500 2,275,042 
Ireland - 2.1%   
Accenture PLC Class A 12,125 1,931,876 
DCC PLC (United Kingdom) 21,388 1,979,134 
Kerry Group PLC Class A 20,700 2,195,443 
Kingspan Group PLC (Ireland) 38,800 1,802,127 
TOTAL IRELAND  7,908,580 
Italy - 0.5%   
FinecoBank SpA 154,340 1,813,799 
Japan - 8.8%   
Daikin Industries Ltd. 20,226 2,417,613 
Kao Corp. 32,818 2,397,420 
Keyence Corp. 5,332 2,809,177 
Kose Corp. 9,900 1,893,851 
Misumi Group, Inc. 79,800 2,028,275 
Nidec Corp. 16,200 2,344,194 
Nihon M&A Center, Inc. 77,600 2,065,354 
Nissan Chemical Corp. 43,700 1,959,141 
Nitori Holdings Co. Ltd. 13,800 2,081,447 
OBIC Co. Ltd. 2,400 205,625 
Recruit Holdings Co. Ltd. 83,812 2,296,572 
Relo Group, Inc. 73,730 1,994,663 
Shiseido Co. Ltd. 31,600 2,327,988 
Start Today Co. Ltd. 49,300 1,977,467 
Tsuruha Holdings, Inc. 15,405 1,892,990 
Unicharm Corp. 63,100 1,917,012 
TOTAL JAPAN  32,608,789 
Kenya - 0.5%   
Safaricom Ltd. 6,494,100 1,810,202 
Korea (South) - 0.5%   
LG Household & Health Care Ltd. 1,821 1,978,868 
Mexico - 0.5%   
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 111,940 1,991,559 
Netherlands - 4.5%   
ASML Holding NV (Netherlands) 16,120 3,452,395 
Ferrari NV 15,500 2,062,616 
Heineken NV (Bearer) 24,800 2,509,650 
Interxion Holding N.V. (a) 29,167 1,892,355 
RELX NV 118,511 2,577,460 
Wolters Kluwer NV 36,100 2,176,530 
Yandex NV Series A (a) 52,400 1,884,304 
TOTAL NETHERLANDS  16,555,310 
Philippines - 0.6%   
SM Prime Holdings, Inc. 3,099,600 2,207,109 
South Africa - 2.1%   
Capitec Bank Holdings Ltd. 26,203 1,893,521 
FirstRand Ltd. 430,400 2,264,197 
Naspers Ltd. Class N 15,101 3,718,051 
TOTAL SOUTH AFRICA  7,875,769 
Spain - 0.7%   
Amadeus IT Holding SA Class A 30,524 2,605,606 
Sweden - 1.8%   
Alfa Laval AB 71,600 1,968,136 
Atlas Copco AB (A Shares) 85,000 2,434,109 
Hexagon AB (B Shares) 38,259 2,333,060 
TOTAL SWEDEN  6,735,305 
Switzerland - 4.0%   
Geberit AG (Reg.) 4,820 2,150,173 
Givaudan SA 929 2,179,535 
Lonza Group AG 7,846 2,419,213 
Partners Group Holding AG 2,698 2,050,442 
Schindler Holding AG (participation certificate) 8,500 1,981,316 
SGS SA (Reg.) 764 1,995,358 
Sika AG 15,497 2,205,249 
TOTAL SWITZERLAND  14,981,286 
Taiwan - 1.4%   
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 128,125 5,280,031 
United Kingdom - 9.4%   
Ashtead Group PLC 70,200 2,157,021 
Beazley PLC 274,000 2,017,573 
Bunzl PLC 65,589 1,949,912 
Compass Group PLC 113,379 2,439,832 
Croda International PLC 31,000 2,091,417 
Diageo PLC 89,572 3,286,173 
Halma PLC 104,405 1,928,108 
Hargreaves Lansdown PLC 76,300 2,079,063 
InterContinental Hotel Group PLC 33,096 2,044,728 
Intertek Group PLC 26,221 2,023,683 
London Stock Exchange Group PLC 37,247 2,149,630 
NMC Health PLC 40,100 1,997,958 
Prudential PLC 123,408 2,911,632 
Rentokil Initial PLC 418,690 1,864,628 
Rightmove PLC 28,399 1,815,670 
St. James's Place Capital PLC 129,954 2,056,235 
TOTAL UNITED KINGDOM  34,813,263 
United States of America - 12.9%   
A.O. Smith Corp. 33,057 1,967,883 
Adobe Systems, Inc. (a) 7,751 1,896,515 
Alphabet, Inc. Class A (a) 1,561 1,915,690 
Amazon.com, Inc. (a) 1,100 1,955,184 
Amphenol Corp. Class A 19,988 1,869,078 
Estee Lauder Companies, Inc. Class A 14,100 1,902,654 
FleetCor Technologies, Inc. (a) 8,800 1,909,600 
Global Payments, Inc. 16,596 1,868,212 
HEICO Corp. Class A 29,535 1,912,391 
Hilton Worldwide Holdings, Inc. 24,594 1,934,564 
Marriott International, Inc. Class A 14,900 1,904,816 
Marsh & McLennan Companies, Inc. 21,500 1,792,240 
MasterCard, Inc. Class A 9,680 1,916,640 
Microsoft Corp. 18,400 1,951,872 
Moody's Corp. 11,119 1,902,683 
MSCI, Inc. 11,059 1,837,895 
Northrop Grumman Corp. 6,600 1,983,234 
NVIDIA Corp. 7,600 1,860,936 
S&P Global, Inc. 9,338 1,871,709 
Sherwin-Williams Co. 4,310 1,899,546 
SS&C Technologies Holdings, Inc. 2,600 137,982 
The Booking Holdings, Inc. (a) 936 1,898,882 
Thermo Fisher Scientific, Inc. 8,000 1,876,240 
TransDigm Group, Inc. 5,300 1,990,362 
UnitedHealth Group, Inc. 7,200 1,823,184 
Visa, Inc. Class A 13,927 1,904,378 
TOTAL UNITED STATES OF AMERICA  47,684,370 
TOTAL COMMON STOCKS   
(Cost $344,613,653)  363,963,921 
Nonconvertible Preferred Stocks - 0.7%   
Brazil - 0.7%   
Itau Unibanco Holding SA sponsored ADR   
(Cost $2,564,738) 209,792 2,515,406 
Money Market Funds - 1.7%   
Fidelity Cash Central Fund, 1.96% (c)   
(Cost $6,338,443) 6,337,175 6,338,443 
TOTAL INVESTMENT IN SECURITIES - 100.6%   
(Cost $353,516,834)  372,817,770 
NET OTHER ASSETS (LIABILITIES) - (0.6)%  (2,346,396) 
NET ASSETS - 100%  $370,471,374 

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

Legend

 (a) Non-income producing

 (b) 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 $2,109,140 or 0.6% of net assets.

 (c) 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.

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 $46,281 
Fidelity Securities Lending Cash Central Fund 15,255 
Total $61,536 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $57,489,067 $53,901,731 $3,587,336 $-- 
Consumer Staples 33,540,872 25,529,291 8,011,581 -- 
Energy 5,219,794 5,219,794 -- -- 
Financials 60,162,235 50,481,600 9,680,635 -- 
Health Care 16,707,038 16,707,038 -- -- 
Industrials 85,022,662 77,731,017 7,291,645 -- 
Information Technology 71,526,536 55,520,424 16,006,112 -- 
Materials 24,219,863 19,422,360 4,797,503 -- 
Real Estate 8,671,918 8,671,918 -- -- 
Telecommunication Services 1,810,202 1,810,202 -- -- 
Utilities 2,109,140 2,109,140 -- -- 
Money Market Funds 6,338,443 6,338,443 -- -- 
Total Investments in Securities: $372,817,770 $323,442,958 $49,374,812 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $1,357,648 
Level 2 to Level 1 $7,607,167 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Diversified International K6 Fund

July 31, 2018







DIFK6-QTLY-0918
1.9883984.101





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 96.0%   
 Shares Value 
Australia - 1.1%   
Amcor Ltd. 589,809 $6,603,653 
Bapcor Ltd. 84,874 440,139 
CSL Ltd. 68,167 9,957,249 
Magellan Financial Group Ltd. 348,752 6,394,719 
TOTAL AUSTRALIA  23,395,760 
Bailiwick of Jersey - 1.9%   
Glencore Xstrata PLC 1,533,877 6,734,456 
Shire PLC 245,913 14,005,770 
Wolseley PLC 264,591 20,872,064 
TOTAL BAILIWICK OF JERSEY  41,612,290 
Belgium - 1.1%   
KBC Groep NV 253,075 19,460,571 
Umicore SA 59,522 3,480,103 
TOTAL BELGIUM  22,940,674 
Bermuda - 1.2%   
Credicorp Ltd. (United States) 40,693 9,309,338 
Hiscox Ltd. 474,735 9,957,352 
IHS Markit Ltd. (a) 137,560 7,294,807 
TOTAL BERMUDA  26,561,497 
Canada - 3.6%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 472,417 21,698,824 
CCL Industries, Inc. Class B 42,882 2,175,664 
Cenovus Energy, Inc. 1,207,831 12,116,842 
Constellation Software, Inc. 8,050 5,835,716 
Fairfax India Holdings Corp. (a)(b) 547,264 8,810,950 
PrairieSky Royalty Ltd. 88,375 1,676,669 
Suncor Energy, Inc. 611,226 25,739,294 
TOTAL CANADA  78,053,959 
Cayman Islands - 1.2%   
Alibaba Group Holding Ltd. sponsored ADR (a) 60,070 11,246,906 
Ascletis Pharma, Inc. (a) 1,518,000 2,707,589 
ENN Energy Holdings Ltd. 370,877 3,773,008 
NetEase, Inc. ADR 18,447 4,759,326 
Shenzhou International Group Holdings Ltd. 90,000 1,103,637 
Zai Lab Ltd. ADR 66,028 1,447,334 
ZTO Express (Cayman), Inc. sponsored ADR 61,700 1,223,511 
TOTAL CAYMAN ISLANDS  26,261,311 
China - 0.9%   
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 181,125 1,831,004 
Kweichow Moutai Co. Ltd. (A Shares) 52,577 5,606,299 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 471,602 4,374,112 
Shanghai International Airport Co. Ltd. (A Shares) 582,647 5,154,511 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 601,909 1,925,169 
TOTAL CHINA  18,891,095 
Curacao - 0.3%   
Schlumberger Ltd. 93,879 6,338,710 
Denmark - 0.4%   
Netcompany Group A/S 70,400 2,560,783 
NNIT A/S (b) 39,805 1,033,142 
Novozymes A/S Series B 106,831 5,624,405 
SimCorp A/S 3,131 267,281 
TOTAL DENMARK  9,485,611 
Finland - 0.4%   
Sampo Oyj (A Shares) 166,237 8,448,156 
France - 7.4%   
Aeroports de Paris 34,062 7,623,539 
Amundi SA (b) 214,275 14,793,208 
BNP Paribas SA 281,337 18,314,396 
Capgemini SA 107,848 13,847,104 
Compagnie de St. Gobain 49,404 2,199,614 
Danone SA 28,425 2,231,712 
Eiffage SA 37,699 4,219,656 
Elis SA 297,377 6,836,525 
Kering SA 12,894 6,875,385 
LVMH Moet Hennessy - Louis Vuitton SA 62,243 21,690,944 
Maisons du Monde SA (b) 73,716 2,254,987 
Sanofi SA 272,585 23,713,889 
Societe Generale Series A 218,693 9,753,265 
SR Teleperformance SA 26,523 4,863,100 
Thales SA 49,006 6,443,966 
VINCI SA 143,683 14,449,352 
TOTAL FRANCE  160,110,642 
Germany - 7.2%   
adidas AG 53,476 11,827,958 
Allianz SE 10,075 2,229,141 
Aumann AG (b)(c) 39,435 2,752,965 
Axel Springer Verlag AG 84,826 6,338,323 
Bayer AG 176,561 19,656,037 
Deutsche Borse AG 39,274 5,175,781 
Deutsche Post AG 293,049 10,352,131 
Fresenius SE & Co. KGaA 197,638 15,257,750 
Hannover Reuck SE 47,533 6,336,429 
Linde AG 64,420 15,902,063 
Merck KGaA 11,032 1,133,676 
Morphosys AG (a) 14,700 1,932,094 
Morphosys AG sponsored ADR 88,700 2,899,603 
Puma AG 1,140 571,882 
Rational AG 3,488 2,390,114 
SAP SE 234,136 27,250,158 
Scout24 AG (b) 88,400 4,599,989 
Symrise AG 102,322 9,246,570 
Vonovia SE 129,446 6,268,136 
Wirecard AG 12,445 2,324,772 
TOTAL GERMANY  154,445,572 
Hong Kong - 1.9%   
AIA Group Ltd. 3,046,046 26,583,364 
BOC Hong Kong (Holdings) Ltd. 1,151,743 5,575,991 
Techtronic Industries Co. Ltd. 1,413,093 7,867,470 
TOTAL HONG KONG  40,026,825 
India - 3.6%   
Adani Ports & Special Economic Zone Ltd. 640,348 3,739,105 
Axis Bank Ltd. 543,679 4,371,033 
Future Retail Ltd. 61,660 481,499 
Godrej Consumer Products Ltd. 90,391 1,738,766 
HDFC Asset Management Co. Ltd. (a) 1,697 27,267 
HDFC Bank Ltd. 696,930 22,045,863 
Housing Development Finance Corp. Ltd. 719,763 20,973,112 
Kajaria Ceramics Ltd. 141,764 919,209 
Kotak Mahindra Bank Ltd. 259,158 4,947,132 
LIC Housing Finance Ltd. 338,058 2,612,468 
Motherson Sumi Systems Ltd. 204,278 961,115 
Reliance Industries Ltd. 896,779 15,535,786 
TOTAL INDIA  78,352,355 
Indonesia - 0.8%   
PT Bank Central Asia Tbk 5,456,512 8,807,234 
PT Bank Rakyat Indonesia Tbk 39,148,075 8,334,576 
TOTAL INDONESIA  17,141,810 
Ireland - 2.9%   
Allergan PLC 15,114 2,782,336 
CRH PLC 291,750 9,966,065 
DCC PLC (United Kingdom) 69,984 6,475,954 
Kerry Group PLC Class A 111,331 11,807,771 
Kingspan Group PLC (Ireland) 225,209 10,460,188 
Paddy Power Betfair PLC (Ireland) 20,107 2,192,505 
Ryanair Holdings PLC sponsored ADR (a) 178,692 18,834,137 
TOTAL IRELAND  62,518,956 
Israel - 0.6%   
Check Point Software Technologies Ltd. (a) 91,561 10,316,178 
Frutarom Industries Ltd. 15,841 1,599,112 
TOTAL ISRAEL  11,915,290 
Italy - 0.7%   
Intesa Sanpaolo SpA 3,427,650 10,504,510 
Prada SpA 1,134,591 5,398,994 
TOTAL ITALY  15,903,504 
Japan - 17.0%   
Bandai Namco Holdings, Inc. 79,754 3,184,739 
Daikin Industries Ltd. 122,871 14,686,767 
East Japan Railway Co. 58,722 5,492,395 
GMO Internet, Inc. 109,899 2,330,372 
Hoya Corp. 405,430 24,293,529 
Itochu Corp. 191,436 3,399,214 
Kao Corp. 146,777 10,722,353 
Keyence Corp. 50,498 26,604,992 
Mercari, Inc. (a) 9,400 395,958 
Minebea Mitsumi, Inc. 889,940 15,971,864 
Misumi Group, Inc. 241,426 6,136,321 
Mitsubishi UFJ Financial Group, Inc. 3,138,682 19,261,671 
Morinaga & Co. Ltd. 121,320 5,620,334 
Nabtesco Corp. 84,655 2,615,776 
Nidec Corp. 85,430 12,362,003 
Nintendo Co. Ltd. 5,100 1,724,754 
Nissan Chemical Corp. 46,953 2,104,978 
Nitori Holdings Co. Ltd. 106,827 16,112,662 
Olympus Corp. 164,090 6,661,527 
ORIX Corp. 1,495,699 24,211,557 
Outsourcing, Inc. 170,478 3,663,718 
PALTAC Corp. 75,151 3,965,397 
Panasonic Corp. 457,235 5,875,064 
Recruit Holdings Co. Ltd. 691,824 18,956,996 
Renesas Electronics Corp. (a) 934,753 8,326,378 
Seria Co. Ltd. 39,077 1,796,322 
Shin-Etsu Chemical Co. Ltd. 77,603 7,850,445 
Shiseido Co. Ltd. 67,818 4,996,187 
SMC Corp. 26,727 8,958,798 
SoftBank Corp. 190,918 15,945,895 
Sony Corp. 354,212 19,037,778 
Start Today Co. Ltd. 257,295 10,320,333 
Subaru Corp. 153,688 4,491,597 
Sundrug Co. Ltd. 85,772 3,428,886 
Suzuki Motor Corp. 164,089 9,651,374 
Temp Holdings Co., Ltd. 133,457 2,905,105 
Tsubaki Nakashima Co. Ltd. 72,710 1,717,364 
Tsuruha Holdings, Inc. 145,403 17,867,345 
Welcia Holdings Co. Ltd. 249,449 12,649,249 
TOTAL JAPAN  366,297,997 
Korea (South) - 0.3%   
Cafe24 Corp. (a) 13,944 2,003,682 
LG Chemical Ltd. 16,037 5,401,021 
TOTAL KOREA (SOUTH)  7,404,703 
Liberia - 0.1%   
Royal Caribbean Cruises Ltd. 10,700 1,206,532 
Luxembourg - 0.8%   
B&M European Value Retail S.A. 2,740,644 14,845,778 
Samsonite International SA 832,437 3,149,856 
TOTAL LUXEMBOURG  17,995,634 
Netherlands - 5.6%   
Adyen BV (b) 5,807 3,710,283 
ASML Holding NV 100,989 21,611,646 
ING Groep NV (Certificaten Van Aandelen) 889,464 13,597,025 
Koninklijke Philips Electronics NV 316,992 13,915,808 
LyondellBasell Industries NV Class A 66,378 7,354,019 
Philips Lighting NV (b) 66,719 1,850,584 
RELX NV 651,947 14,178,999 
Unilever NV (Certificaten Van Aandelen) (Bearer) 448,285 25,861,991 
Wolters Kluwer NV 246,248 14,846,707 
Yandex NV Series A (a) 107,951 3,881,918 
TOTAL NETHERLANDS  120,808,980 
New Zealand - 0.2%   
Ryman Healthcare Group Ltd. 608,332 5,046,158 
Norway - 1.8%   
Equinor ASA 1,237,989 32,874,822 
Schibsted ASA (A Shares) 162,087 5,603,837 
TOTAL NORWAY  38,478,659 
South Africa - 0.7%   
Capitec Bank Holdings Ltd. 31,176 2,252,888 
Naspers Ltd. Class N 51,995 12,801,807 
TOTAL SOUTH AFRICA  15,054,695 
Spain - 2.2%   
Aedas Homes SAU (b) 58,041 2,056,468 
Amadeus IT Holding SA Class A 228,398 19,496,636 
CaixaBank SA 3,090,540 14,219,198 
Masmovil Ibercom SA (a) 24,097 2,724,796 
Neinor Homes SLU (a)(b) 104,251 1,974,876 
Prosegur Cash SA (b) 2,434,707 6,548,157 
TOTAL SPAIN  47,020,131 
Sweden - 2.3%   
Alfa Laval AB 158,247 4,349,883 
ASSA ABLOY AB (B Shares) 583,800 11,524,499 
Coor Service Management Holding AB (b) 549,900 4,565,328 
Essity AB Class B 174,791 4,371,291 
HEXPOL AB (B Shares) 410,795 4,414,915 
Indutrade AB 97,122 2,553,706 
Nordea Bank AB 1,721,727 18,311,933 
TOTAL SWEDEN  50,091,555 
Switzerland - 4.4%   
Credit Suisse Group AG 857,296 13,787,485 
Julius Baer Group Ltd. 165,681 9,089,204 
Lonza Group AG 29,067 8,962,435 
Roche Holding AG (participation certificate) 96,785 23,774,897 
Sika AG 119,160 16,956,667 
Swatch Group AG (Bearer) 16,210 7,283,572 
TE Connectivity Ltd. 35,243 3,297,688 
UBS Group AG 682,083 11,238,887 
TOTAL SWITZERLAND  94,390,835 
Taiwan - 1.0%   
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 453,168 18,675,053 
United Microelectronics Corp. 3,623,609 2,077,409 
TOTAL TAIWAN  20,752,462 
Thailand - 0.3%   
Kasikornbank PCL (For. Reg.) 780,306 5,277,092 
United Kingdom - 15.4%   
Admiral Group PLC 207,711 5,400,822 
Aon PLC 30,326 4,353,297 
Ascential PLC 864,250 4,764,360 
Ashtead Group PLC 141,215 4,339,084 
AstraZeneca PLC (United Kingdom) 308,899 23,777,895 
Beazley PLC 263,800 1,942,466 
BP PLC sponsored ADR 119,535 5,389,833 
British American Tobacco PLC sponsored ADR 607,434 33,275,235 
Bunzl PLC 401,209 11,927,646 
Coca-Cola European Partners PLC 141,491 5,835,089 
Compass Group PLC 577,689 12,431,438 
Cranswick PLC 48,698 2,092,694 
DS Smith PLC 627,071 4,148,233 
Essentra PLC 237,909 1,502,631 
Halma PLC 232,092 4,286,177 
Hastings Group Holdings PLC (b) 1,667,077 5,448,424 
Indivior PLC (a) 1,346,284 5,403,685 
Informa PLC 371,772 3,852,030 
ITV PLC (a) 2,166,318 4,687,346 
John Wood Group PLC 544,544 4,644,388 
LivaNova PLC (a) 32,985 3,632,638 
Lloyds Banking Group PLC 17,762,451 14,559,496 
London Stock Exchange Group PLC 241,770 13,953,229 
Melrose Industries PLC 5,400,954 15,305,199 
Micro Focus International PLC 530,879 8,662,590 
Ocado Group PLC (a)(c) 30,333 440,338 
Prudential PLC 1,459,321 34,430,543 
Reckitt Benckiser Group PLC 267,614 23,857,963 
Spectris PLC 212,946 6,470,478 
St. James's Place Capital PLC 1,043,361 16,508,882 
Standard Chartered PLC (United Kingdom) 1,033,261 9,330,702 
Standard Life PLC 2,222,610 9,110,687 
Tesco PLC 4,738,128 16,180,745 
The Weir Group PLC 360,100 9,209,571 
TOTAL UNITED KINGDOM  331,155,834 
United States of America - 6.7%   
Alphabet, Inc. Class C (a) 14,254 17,350,824 
Amgen, Inc. 74,224 14,588,727 
Becton, Dickinson & Co. 27,109 6,787,280 
Boston Scientific Corp. (a) 282,313 9,488,540 
Citigroup, Inc. 158,261 11,377,383 
Coty, Inc. Class A 565,419 7,582,269 
DowDuPont, Inc. 99,107 6,815,588 
FleetCor Technologies, Inc. (a) 15,196 3,297,532 
MasterCard, Inc. Class A 98,409 19,484,982 
Oceaneering International, Inc. 121,091 3,313,050 
Pinduoduo, Inc. ADR 93,800 2,118,942 
Quintiles Transnational Holdings, Inc. (a) 39,202 4,780,292 
S&P Global, Inc. 71,027 14,236,652 
Valero Energy Corp. 47,374 5,606,713 
Visa, Inc. Class A 133,368 18,236,740 
TOTAL UNITED STATES OF AMERICA  145,065,514 
TOTAL COMMON STOCKS   
(Cost $2,049,625,916)  2,068,450,798 
Nonconvertible Preferred Stocks - 0.7%   
Germany - 0.7%   
Henkel AG & Co. KGaA 75,505 9,469,293 
Jungheinrich AG 65,348 2,405,534 
Sartorius AG (non-vtg.) 25,516 4,147,362 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $15,827,061)  16,022,189 
Money Market Funds - 3.1%   
Fidelity Cash Central Fund, 1.96% (d) 65,681,349 65,694,485 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 659,477 659,543 
TOTAL MONEY MARKET FUNDS   
(Cost $66,354,062)  66,354,028 
TOTAL INVESTMENT IN SECURITIES - 99.8%   
(Cost $2,131,807,039)  2,150,827,015 
NET OTHER ASSETS (LIABILITIES) - 0.2%  3,952,023 
NET ASSETS - 100%  $2,154,779,038 

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

Legend

 (a) Non-income producing

 (b) 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 $60,399,361 or 2.8% of net assets.

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

 (d) 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.

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

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 $668,946 
Fidelity Securities Lending Cash Central Fund 283,525 
Total $952,471 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $218,824,327 $158,077,570 $60,746,757 $-- 
Consumer Staples 226,894,296 143,043,345 83,850,951 -- 
Energy 113,236,107 113,236,107 -- -- 
Financials 516,587,648 347,907,199 168,680,449 -- 
Health Care 255,543,415 127,330,003 128,213,412 -- 
Industrials 327,953,414 233,390,549 94,562,865 -- 
Information Technology 276,784,889 237,069,978 39,714,911 -- 
Materials 117,880,588 97,959,100 19,921,488 -- 
Real Estate 8,324,604 8,324,604 -- -- 
Telecommunication Services 18,670,691 2,724,796 15,945,895 -- 
Utilities 3,773,008 3,773,008 -- -- 
Money Market Funds 66,354,028 66,354,028 -- -- 
Total Investments in Securities: $2,150,827,015 $1,539,190,287 $611,636,728 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $8,286,245 
Level 2 to Level 1 $31,142,856 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity Flex℠ Funds

Fidelity Flex℠ International Fund

July 31, 2018







ZNL-QTLY-0918
1.9881584.101





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.5%   
 Shares Value 
Australia - 2.2%   
Accent Group Ltd. 7,991 $8,490 
Adelaide Brighton Ltd. 3,468 17,727 
Beacon Lighting Group Ltd. 7,175 7,676 
Commonwealth Bank of Australia 5,147 285,994 
CSL Ltd. 4,374 638,916 
DuluxGroup Ltd. 4,624 26,281 
Imdex Ltd. (a) 10,528 9,660 
Insurance Australia Group Ltd. 23,265 138,969 
Macquarie Group Ltd. 1,855 169,267 
TOTAL AUSTRALIA  1,302,980 
Austria - 0.7%   
Andritz AG 4,490 254,749 
Erste Group Bank AG 3,173 137,134 
TOTAL AUSTRIA  391,883 
Bailiwick of Jersey - 0.8%   
Glencore Xstrata PLC 48,147 211,388 
Integrated Diagnostics Holdings PLC (b) 3,851 16,367 
Wolseley PLC 1,439 113,514 
WPP PLC 7,854 122,852 
TOTAL BAILIWICK OF JERSEY  464,121 
Belgium - 1.3%   
Anheuser-Busch InBev SA NV 1,981 201,595 
KBC Ancora 1,030 56,560 
KBC Groep NV 5,371 413,011 
Umicore SA 1,639 95,828 
TOTAL BELGIUM  766,994 
Bermuda - 0.1%   
Credicorp Ltd. (United States) 294 67,258 
Vostok New Ventures Ltd. (depositary receipt) (a) 1,821 15,698 
TOTAL BERMUDA  82,956 
Brazil - 1.3%   
CVC Brasil Operadora e Agencia de Viagens SA 7,500 88,122 
Equatorial Energia SA 5,700 93,018 
Hapvida Participacoes e Investimentos SA 11,800 88,532 
IRB Brasil Resseguros SA 7,200 102,438 
Itau Unibanco Holding SA 1,700 18,117 
Localiza Rent A Car SA 13,800 87,323 
Lojas Renner SA 12,100 99,552 
Notre Dame Intermedica Participacoes SA 15,400 100,525 
Suzano Papel e Celulose SA 8,900 105,639 
TOTAL BRAZIL  783,266 
Canada - 4.9%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 7,073 324,874 
Canadian National Railway Co. 5,040 449,894 
Canadian Pacific Railway Ltd. 1,578 312,943 
CCL Industries, Inc. Class B 5,355 271,692 
Constellation Software, Inc. 417 302,297 
Franco-Nevada Corp. 3,968 291,061 
McCoy Global, Inc. (a) 50 50 
New Look Vision Group, Inc. 578 14,885 
Nutrien Ltd. 7,249 393,698 
Pason Systems, Inc. 8,968 137,603 
PrairieSky Royalty Ltd. 7,228 137,131 
ShawCor Ltd. Class A 350 7,130 
Suncor Energy, Inc. 5,883 247,739 
TOTAL CANADA  2,890,997 
Cayman Islands - 5.7%   
58.com, Inc. ADR (a) 1,145 77,013 
Alibaba Group Holding Ltd. sponsored ADR (a) 5,477 1,025,454 
Baidu.com, Inc. sponsored ADR (a) 1,215 300,324 
Baozun, Inc. sponsored ADR (a) 1,642 94,990 
Geely Automobile Holdings Ltd. 47,000 107,185 
JD.com, Inc. sponsored ADR (a) 4,472 160,366 
New Oriental Education & Technology Group, Inc. sponsored ADR 1,374 118,219 
Sands China Ltd. 15,800 81,324 
Shenzhou International Group Holdings Ltd. 10,000 122,626 
Sunny Optical Technology Group Co. Ltd. 6,500 107,242 
TAL Education Group ADR (a) 3,394 108,574 
Tencent Holdings Ltd. 19,500 887,531 
Value Partners Group Ltd. 11,000 8,563 
YY, Inc. ADR (a) 600 55,938 
ZTO Express (Cayman), Inc. sponsored ADR 4,000 79,320 
TOTAL CAYMAN ISLANDS  3,334,669 
Chile - 0.2%   
Banco Santander Chile sponsored ADR 3,078 100,989 
China - 2.5%   
China International Travel Service Corp. Ltd. (A Shares) 8,200 84,531 
Gree Electric Appliances, Inc. of Zhuhai Class A 11,500 74,560 
Han's Laser Technology Industry Group Co. Ltd. 11,300 79,931 
Hangzhou Hikvision Digital Technology Co. Ltd. Class A 16,167 82,061 
Inner Mongoli Yili Industries Co. Ltd. (A Shares) 20,500 79,560 
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) 7,500 75,818 
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. Class A 4,912 92,541 
Kweichow Moutai Co. Ltd. (A Shares) 800 85,304 
Midea Group Co. Ltd. Class A 11,900 83,162 
Ping An Insurance (Group) Co. of China Ltd. (H Shares) 25,000 231,875 
Shanghai International Airport Co. Ltd. (A Shares) 10,600 93,775 
Shenzhen Inovance Technology Co. Ltd. Class A 18,700 73,261 
Tonghua Dongbao Pharmaceutical Co. Ltd. Class A 21,900 70,046 
Wuliangye Yibin Co. Ltd. Class A 8,200 86,842 
Xiaomi Corp. Class B 41,000 91,935 
Yunnan Baiyao Group Co. Ltd. 5,600 81,879 
TOTAL CHINA  1,467,081 
Denmark - 0.3%   
Jyske Bank A/S (Reg.) 2,439 138,053 
Netcompany Group A/S 434 15,787 
Scandinavian Tobacco Group A/S (b) 769 12,514 
SimCorp A/S 211 18,012 
Spar Nord Bank A/S 2,275 24,526 
TOTAL DENMARK  208,892 
Finland - 0.4%   
Sampo Oyj (A Shares) 3,055 155,255 
Tikkurila Oyj 3,869 71,121 
TOTAL FINLAND  226,376 
France - 6.6%   
Accor SA 1,776 91,544 
Atos Origin SA 1,470 197,421 
AXA SA 11,624 292,892 
Bouygues SA 2,987 131,366 
Capgemini SA 1,193 153,175 
Compagnie de St. Gobain 2,626 116,917 
Edenred SA 3,694 145,440 
Elis SA 5,692 130,856 
Kering SA 163 86,915 
Laurent-Perrier Group SA 133 16,641 
Legrand SA 1,821 133,811 
LVMH Moet Hennessy - Louis Vuitton SA 262 91,304 
Natixis SA 19,741 141,967 
Pernod Ricard SA 537 86,624 
Safran SA 2,065 256,080 
Sanofi SA 4,773 415,233 
Societe Generale Series A 4,891 218,129 
SR Teleperformance SA 710 130,181 
Total SA (c) 9,335 608,879 
Vetoquinol SA 284 18,265 
VINCI SA 2,779 279,468 
Virbac SA (a) 84 11,984 
Vivendi SA 5,651 146,698 
TOTAL FRANCE  3,901,790 
Germany - 5.5%   
adidas AG 368 81,395 
BASF AG 1,021 97,872 
Bayer AG 4,508 501,863 
Brenntag AG 1,599 95,883 
CompuGroup Medical AG 1,094 60,996 
CTS Eventim AG 971 45,781 
Deutsche Telekom AG 14,003 231,541 
Fresenius SE & Co. KGaA 1,083 83,608 
Hannover Reuck SE 1,269 169,165 
HeidelbergCement Finance AG 897 76,172 
Linde AG 1,889 466,299 
MTU Aero Engines Holdings AG 719 152,178 
Nexus AG 419 12,984 
SAP SE 6,467 752,668 
Vonovia SE 6,382 309,034 
WashTec AG 240 20,964 
Wirecard AG 531 99,193 
TOTAL GERMANY  3,257,596 
Greece - 0.0%   
Motor Oil (HELLAS) Corinth Refineries SA 400 8,494 
Hong Kong - 1.7%   
AIA Group Ltd. 78,360 683,861 
CSPC Pharmaceutical Group Ltd. 46,000 120,142 
Galaxy Entertainment Group Ltd. 11,000 88,361 
Techtronic Industries Co. Ltd. 15,500 86,297 
TOTAL HONG KONG  978,661 
India - 3.9%   
Adani Ports & Special Economic Zone Ltd. 18,281 106,746 
Asian Paints Ltd. 5,916 125,423 
Edelweiss Financial Services Ltd. 18,567 83,926 
Eicher Motors Ltd. 223 90,550 
Godrej Consumer Products Ltd. 6,042 116,224 
HDFC Bank Ltd. 3,020 95,531 
Housing Development Finance Corp. Ltd. 15,337 446,904 
Indraprastha Gas Ltd. 21,479 95,363 
IndusInd Bank Ltd. 3,533 102,963 
Jyothy Laboratories Ltd. 2,452 7,889 
Kotak Mahindra Bank Ltd. 5,152 98,348 
Larsen & Toubro Ltd. 6,005 114,232 
Maruti Suzuki India Ltd. 988 137,399 
Motherson Sumi Systems Ltd. 21,139 99,458 
Pidilite Industries Ltd. (a) 5,526 90,683 
Reliance Industries Ltd. 15,405 266,876 
Titan Co. Ltd. 7,888 105,121 
Ultratech Cemco Ltd. 1,820 111,492 
TOTAL INDIA  2,295,128 
Indonesia - 0.4%   
PT Bank Central Asia Tbk 82,600 133,323 
PT Bank Rakyat Indonesia Tbk 574,000 122,204 
TOTAL INDONESIA  255,527 
Ireland - 1.4%   
Accenture PLC Class A 590 94,005 
Allergan PLC 17 3,130 
CRH PLC 3,968 135,717 
CRH PLC sponsored ADR 9,750 334,328 
FBD Holdings PLC 500 6,051 
James Hardie Industries PLC CDI 14,766 235,864 
TOTAL IRELAND  809,095 
Isle of Man - 0.1%   
Playtech Ltd. 7,841 55,349 
Israel - 0.1%   
Azrieli Group 158 7,560 
Ituran Location & Control Ltd. 1,158 39,430 
Strauss Group Ltd. 1,345 27,540 
TOTAL ISRAEL  74,530 
Italy - 0.9%   
Assicurazioni Generali SpA 6,461 114,839 
Interpump Group SpA 6,232 196,322 
Intesa Sanpaolo SpA 44,849 137,446 
Mediobanca SpA 6,812 70,767 
TOTAL ITALY  519,374 
Japan - 13.8%   
Ai Holdings Corp. 500 11,063 
Aoki Super Co. Ltd. 1,000 11,787 
Artnature, Inc. 1,300 9,103 
Asahi Co. Ltd. 200 2,470 
Aucnet, Inc. 500 7,468 
Azbil Corp. 2,800 122,577 
Broadleaf Co. Ltd. 1,700 10,278 
Central Automotive Products Ltd. 100 1,627 
Century21 Real Estate Japan Ltd. 200 2,222 
Coca-Cola West Co. Ltd. 400 14,399 
Daiichikosho Co. Ltd. 700 33,180 
Daikokutenbussan Co. Ltd. 500 22,135 
DENSO Corp. 3,980 196,871 
East Japan Railway Co. 3,175 296,965 
Fanuc Corp. 1,000 201,641 
Funai Soken Holdings, Inc. 1,000 21,768 
GCA Savvian Group Corp. 1,400 10,893 
Goldcrest Co. Ltd. 1,500 25,810 
Honda Motor Co. Ltd. 7,993 244,032 
Hoya Corp. 5,239 313,923 
Idemitsu Kosan Co. Ltd. 2,470 111,113 
Itochu Corp. 11,812 209,739 
Iwatsuka Confectionary Co. Ltd. 100 4,431 
Japan Tobacco, Inc. 5,037 143,352 
Kao Corp. 1,652 120,682 
Keyence Corp. 1,200 632,223 
Kobayashi Pharmaceutical Co. Ltd. 300 24,979 
Komatsu Ltd. 6,900 203,882 
Koshidaka Holdings Co. Ltd. 2,200 25,303 
Kusuri No Aoki Holdings Co. Ltd. 300 22,001 
Lasertec Corp. 1,400 41,318 
Makita Corp. 2,713 121,559 
Medikit Co. Ltd. 300 16,179 
Miroku Jyoho Service Co., Ltd. 400 9,612 
Misumi Group, Inc. 12,500 317,712 
Mitsubishi UFJ Financial Group, Inc. 57,724 354,244 
Mitsuboshi Belting Ltd. 1,000 12,342 
Mitsui Fudosan Co. Ltd. 5,620 134,384 
Nabtesco Corp. 4,200 129,777 
Nagaileben Co. Ltd. 1,600 42,356 
Nakano Refrigerators Co. Ltd. 400 21,285 
ND Software Co. Ltd. 100 1,073 
Nihon Parkerizing Co. Ltd. 3,700 54,765 
Nintendo Co. Ltd. 605 204,603 
Nomura Holdings, Inc. 21,205 100,542 
NS Tool Co. Ltd. 400 10,560 
OBIC Co. Ltd. 2,486 212,994 
Olympus Corp. 1,845 74,901 
Oracle Corp. Japan 1,055 88,502 
ORIX Corp. 13,503 218,579 
OSG Corp. 7,300 163,934 
Panasonic Corp. 10,641 136,727 
Paramount Bed Holdings Co. Ltd. 900 38,032 
ProNexus, Inc. 1,187 13,790 
Recruit Holdings Co. Ltd. 4,245 116,319 
San-Ai Oil Co. Ltd. 2,400 30,736 
Shin-Etsu Chemical Co. Ltd. 1,495 151,237 
Shinsei Bank Ltd. 7,053 111,085 
SHO-BOND Holdings Co. Ltd. 2,260 157,855 
Shoei Co. Ltd. 1,000 42,660 
SoftBank Corp. 2,238 186,923 
Software Service, Inc. 200 14,220 
Sony Corp. 2,631 141,408 
Sony Financial Holdings, Inc. 7,804 149,965 
Subaru Corp. 3,644 106,497 
Sumitomo Mitsui Financial Group, Inc. 6,731 267,138 
T&D Holdings, Inc. 7,590 113,410 
Taiheiyo Cement Corp. 2,173 68,662 
Takeda Pharmaceutical Co. Ltd. 3,670 154,958 
The Monogatari Corp. 200 18,423 
TKC Corp. 500 18,602 
Tokio Marine Holdings, Inc. 4,331 206,051 
USS Co. Ltd. 18,500 350,096 
Welcia Holdings Co. Ltd. 500 25,354 
Workman Co. Ltd. 600 26,884 
Yamada Consulting Group Co. Ltd. 1,000 27,232 
Yamato Kogyo Co. Ltd. 400 12,449 
TOTAL JAPAN  8,075,851 
Kenya - 0.4%   
Safaricom Ltd. 813,600 226,787 
Korea (South) - 2.1%   
BGF Retail Co. Ltd. 518 78,621 
Leeno Industrial, Inc. 139 8,351 
LG Chemical Ltd. 405 136,398 
LG Household & Health Care Ltd. 104 113,016 
NAVER Corp. 125 80,379 
Samsung Electronics Co. Ltd. 19,113 793,893 
TOTAL KOREA (SOUTH)  1,210,658 
Mexico - 0.8%   
Consorcio ARA S.A.B. de CV 23,614 8,831 
Embotelladoras Arca S.A.B. de CV 13,800 91,606 
Fomento Economico Mexicano S.A.B. de CV sponsored ADR 488 47,892 
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B 9,900 93,551 
Grupo Aeroportuario del Sureste S.A.B. de CV Series B 5,655 100,610 
Wal-Mart de Mexico SA de CV Series V 48,400 141,348 
TOTAL MEXICO  483,838 
Netherlands - 2.3%   
Aalberts Industries NV 829 37,612 
ASML Holding NV (Netherlands) 2,852 610,808 
ING Groep NV (Certificaten Van Aandelen) 13,421 205,164 
Koninklijke Philips Electronics NV 3,105 136,308 
RELX NV 3,660 79,600 
Takeaway.com Holding BV (a)(b) 254 16,960 
VastNed Retail NV 296 13,447 
Wolters Kluwer NV 2,281 137,525 
Yandex NV Series A (a) 2,640 94,934 
TOTAL NETHERLANDS  1,332,358 
New Zealand - 0.1%   
Auckland International Airport Ltd. 14,868 67,645 
Norway - 0.7%   
Equinor ASA 10,814 287,166 
Kongsberg Gruppen ASA 1,224 24,880 
Schibsted ASA (B Shares) 2,752 89,409 
Skandiabanken ASA (b) 1,474 14,276 
TOTAL NORWAY  415,731 
Philippines - 0.7%   
Ayala Corp. 5,500 103,640 
Ayala Land, Inc. 133,400 102,790 
Jollibee Food Corp. 3,400 17,316 
SM Investments Corp. 5,965 106,890 
SM Prime Holdings, Inc. 160,200 114,072 
TOTAL PHILIPPINES  444,708 
Portugal - 0.2%   
Galp Energia SGPS SA Class B 5,677 116,769 
Russia - 0.8%   
Alrosa Co. Ltd. 62,700 97,632 
NOVATEK OAO GDR (Reg. S) 1,000 159,100 
Sberbank of Russia 59,210 202,908 
TOTAL RUSSIA  459,640 
South Africa - 2.3%   
Capitec Bank Holdings Ltd. 1,424 102,903 
Clicks Group Ltd. 10,707 157,147 
Discovery Ltd. 8,270 106,770 
FirstRand Ltd. 26,892 141,470 
Mondi Ltd. 3,468 95,100 
Naspers Ltd. Class N 2,983 734,451 
TOTAL SOUTH AFRICA  1,337,841 
Spain - 2.5%   
Amadeus IT Holding SA Class A 6,156 525,492 
Banco Santander SA (Spain) 68,761 387,515 
CaixaBank SA 31,582 145,305 
Grifols SA ADR 4,500 93,510 
Masmovil Ibercom SA (a) 380 42,969 
Merlin Properties Socimi SA 5,133 75,929 
Prosegur Compania de Seguridad SA (Reg.) 22,521 149,846 
Unicaja Banco SA (b) 41,452 69,993 
TOTAL SPAIN  1,490,559 
Sweden - 3.5%   
Addlife AB 486 11,662 
AddTech AB (B Shares) 1,562 35,386 
Alfa Laval AB 4,901 134,718 
ASSA ABLOY AB (B Shares) 19,076 376,570 
Atlas Copco AB (A Shares) 7,789 223,050 
Epiroc AB Class A (a) 9,828 117,673 
Fagerhult AB 10,270 96,942 
Hexagon AB (B Shares) 1,489 90,800 
Investor AB (B Shares) 2,926 127,583 
Lagercrantz Group AB (B Shares) 2,367 24,793 
Loomis AB (B Shares) 2,312 72,518 
Nordea Bank AB 24,893 264,757 
Saab AB (B Shares) 675 31,129 
Svenska Handelsbanken AB (A Shares) 12,113 149,626 
Swedbank AB (A Shares) 7,914 187,388 
Telefonaktiebolaget LM Ericsson (B Shares) 11,495 90,239 
TOTAL SWEDEN  2,034,834 
Switzerland - 4.0%   
Credit Suisse Group AG 9,535 153,347 
Nestle SA (Reg. S) 7,963 648,932 
Roche Holding AG (participation certificate) 2,243 550,985 
Schindler Holding AG:   
(participation certificate) 791 184,379 
(Reg.) 135 30,568 
Sika AG 688 97,904 
Swiss Life Holding AG 284 102,024 
Tecan Group AG 100 25,390 
UBS Group AG 18,173 298,401 
Zurich Insurance Group AG 760 233,054 
TOTAL SWITZERLAND  2,324,984 
Taiwan - 2.0%   
Addcn Technology Co. Ltd. 2,000 17,789 
Formosa Chemicals & Fibre Corp. 31,000 122,151 
Formosa Plastics Corp. 35,000 128,756 
Taiwan Semiconductor Manufacturing Co. Ltd. 115,000 920,499 
TOTAL TAIWAN  1,189,195 
Thailand - 0.4%   
Airports of Thailand PCL (For. Reg.) 55,200 109,919 
C.P. ALL PCL (For. Reg.) 49,500 111,587 
TOTAL THAILAND  221,506 
Turkey - 0.1%   
Tupras Turkiye Petrol Rafinerileri A/S 1,694 37,006 
United Kingdom - 10.6%   
Alliance Pharma PLC 13,836 16,926 
Ascential PLC 5,473 30,171 
AstraZeneca PLC (United Kingdom) 3,269 251,635 
Aviva PLC 32,416 212,446 
Avon Rubber PLC 736 14,056 
BAE Systems PLC 38,396 328,683 
BHP Billiton PLC 16,970 390,543 
BP PLC 76,450 574,556 
British American Tobacco PLC (United Kingdom) 6,679 367,160 
Bunzl PLC 4,345 129,174 
Cineworld Group PLC 3,947 14,040 
Compass Group PLC 4,752 102,260 
Dechra Pharmaceuticals PLC 1,860 72,899 
DP Poland PLC (a) 18,857 7,301 
Elementis PLC 23,793 81,259 
GlaxoSmithKline PLC 8,376 173,972 
Great Portland Estates PLC 2,804 26,348 
Hilton Food Group PLC 368 4,618 
Howden Joinery Group PLC 2,058 12,888 
HSBC Holdings PLC sponsored ADR 3,121 151,119 
Imperial Tobacco Group PLC 5,126 196,596 
Informa PLC 40,562 420,274 
InterContinental Hotel Group PLC ADR 4,526 281,517 
ITE Group PLC 23,335 25,422 
Liberty Global PLC Class A (a) 2,885 81,444 
Melrose Industries PLC 29,647 84,014 
Micro Focus International PLC 4,268 69,643 
NMC Health PLC 1,832 91,278 
Prudential PLC 20,702 488,433 
Reckitt Benckiser Group PLC 2,581 230,098 
Rightmove PLC 1,113 71,159 
Royal Dutch Shell PLC Class B sponsored ADR 5,503 390,933 
RSA Insurance Group PLC 9,097 76,919 
Shaftesbury PLC 7,003 85,667 
Spectris PLC 5,339 162,228 
Spirax-Sarco Engineering PLC 862 78,577 
Standard Chartered PLC (United Kingdom) 17,589 158,835 
Standard Life PLC 32,085 131,519 
The Weir Group PLC 3,717 95,062 
Ultra Electronics Holdings PLC 737 15,971 
TOTAL UNITED KINGDOM  6,197,643 
United States of America - 9.2%   
A.O. Smith Corp. 1,399 83,282 
Alphabet, Inc. Class A (a) 376 461,435 
Amgen, Inc. 590 115,965 
Amphenol Corp. Class A 1,003 93,791 
Autoliv, Inc. 1,554 159,223 
Berkshire Hathaway, Inc. Class B (a) 1,038 205,389 
Black Knight, Inc. (a) 1,800 92,970 
ConocoPhillips Co. 2,209 159,424 
Estee Lauder Companies, Inc. Class A 600 80,964 
Hilton Worldwide Holdings, Inc. 1,026 80,705 
Marriott International, Inc. Class A 600 76,704 
Marsh & McLennan Companies, Inc. 1,000 83,360 
Martin Marietta Materials, Inc. 935 186,458 
MasterCard, Inc. Class A 2,939 581,922 
MercadoLibre, Inc. 300 102,873 
Mohawk Industries, Inc. (a) 728 137,126 
Moody's Corp. 1,518 259,760 
MSCI, Inc. 1,884 313,102 
NVIDIA Corp. 340 83,252 
PayPal Holdings, Inc. (a) 1,162 95,447 
PriceSmart, Inc. 1,278 104,477 
ResMed, Inc. 2,081 220,128 
S&P Global, Inc. 1,836 368,008 
Sherwin-Williams Co. 845 372,417 
TransDigm Group, Inc. 240 90,130 
Veoneer, Inc. (a) 1,807 94,506 
Visa, Inc. Class A 4,413 603,434 
Yum China Holdings, Inc. 3,252 117,332 
TOTAL UNITED STATES OF AMERICA  5,423,584 
TOTAL COMMON STOCKS   
(Cost $55,854,681)  57,267,885 
Nonconvertible Preferred Stocks - 0.9%   
Brazil - 0.5%   
Itau Unibanco Holding SA 24,000 287,747 
Germany - 0.3%   
Porsche Automobil Holding SE (Germany) 1,502 101,596 
Sartorius AG (non-vtg.) 296 48,112 
TOTAL GERMANY  149,708 
Spain - 0.1%   
Grifols SA Class B 4,175 87,436 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $567,805)  524,891 
Investment Companies - 0.3%   
United States of America - 0.3%   
iShares MSCI EAFE Small-Cap ETF   
(Cost $159,185) 2,431 154,320 
Money Market Funds - 1.1%   
Fidelity Cash Central Fund, 1.96% (d) 652,784 652,915 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 7,068 7,069 
TOTAL MONEY MARKET FUNDS   
(Cost $659,984)  659,984 
TOTAL INVESTMENT IN SECURITIES - 99.8%   
(Cost $57,241,655)  58,607,080 
NET OTHER ASSETS (LIABILITIES) - 0.2%  92,335 
NET ASSETS - 100%  $58,699,415 

Security Type Abbreviations

ETF – Exchange-Traded Fund

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

Legend

 (a) Non-income producing

 (b) 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 $130,110 or 0.2% of net assets.

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

 (d) 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.

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

Affiliated Central Funds

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

Fund Income earned 
Fidelity Cash Central Fund $12,777 
Fidelity Securities Lending Cash Central Fund 1,993 
Total $14,770 

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

Investment Valuation

The following is a summary of the inputs used, as of July 31, 2018, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Consumer Discretionary $6,399,832 $5,258,545 $1,141,287 $-- 
Consumer Staples 3,910,433 2,198,614 1,711,819 -- 
Energy 3,280,705 2,097,270 1,183,435 -- 
Financials 12,335,223 8,498,507 3,836,716 -- 
Health Care 4,763,604 2,416,313 2,347,291 -- 
Industrials 8,735,592 6,922,193 1,813,399 -- 
Information Technology 11,429,847 7,893,856 3,535,991 -- 
Materials 5,163,676 4,319,645 844,031 -- 
Real Estate 897,263 762,879 134,384 -- 
Telecommunication Services 688,220 269,756 418,464 -- 
Utilities 188,381 188,381 -- -- 
Investment Companies 154,320 154,320 -- -- 
Money Market Funds 659,984 659,984 -- -- 
Total Investments in Securities: $58,607,080 $41,640,263 $16,966,817 $-- 

The following is a summary of transfers between Level 1 and Level 2 for the period ended July 31, 2018. 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 section:

Transfers Total 
Level 1 to Level 2 $346,802 
Level 2 to Level 1 $967,710 

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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.

ETFs are valued at their last 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 but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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


Quarterly Holdings Report
for

Fidelity® Series Canada Fund

July 31, 2018







SAD-QTLY-0918
1.9883885.100





Schedule of Investments July 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.7%   
 Shares Value 
CONSUMER DISCRETIONARY - 2.6%   
Hotels, Restaurants & Leisure - 0.4%   
Recipe Unlimited Corp. 284,100 $5,883,579 
Leisure Products - 0.7%   
Spin Master Corp. (a)(b) 247,600 10,144,967 
Media - 1.3%   
Cogeco Communications, Inc. 204,100 11,076,957 
Quebecor, Inc. Class B (sub. vtg.) 428,500 8,930,034 
  20,006,991 
Specialty Retail - 0.2%   
AutoCanada, Inc. 330,300 3,671,552 
TOTAL CONSUMER DISCRETIONARY  39,707,089 
CONSUMER STAPLES - 6.5%   
Food & Staples Retailing - 6.5%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 1,130,700 51,934,754 
George Weston Ltd. 436,900 36,346,480 
North West Co., Inc. 429,400 9,810,330 
  98,091,564 
ENERGY - 21.2%   
Energy Equipment & Services - 0.6%   
Canadian Energy Services & Technology Corp. 2,896,500 9,952,996 
Oil, Gas & Consumable Fuels - 20.6%   
Canadian Natural Resources Ltd. 1,664,600 61,166,068 
Cenovus Energy, Inc. 1,893,400 18,994,404 
Enbridge, Inc. 1,220,100 43,332,144 
Kinder Morgan Canada Ltd. (b)(c) 329,600 4,183,185 
Parkland Fuel Corp. 362,600 9,806,102 
Peyto Exploration & Development Corp. (c) 760,300 6,265,454 
Pinnacle Renewable Holds, Inc. 521,900 6,094,216 
PrairieSky Royalty Ltd. (c) 2,613,700 49,587,667 
Suncor Energy, Inc. 2,621,400 110,389,585 
  309,818,825 
TOTAL ENERGY  319,771,821 
FINANCIALS - 38.4%   
Banks - 25.0%   
Bank of Montreal 958,600 75,982,047 
Bank of Nova Scotia 1,062,000 62,935,450 
Royal Bank of Canada 984,900 76,885,571 
The Toronto-Dominion Bank 2,710,500 160,794,316 
  376,597,384 
Capital Markets - 4.2%   
Gluskin Sheff + Associates, Inc. 338,100 4,366,437 
IGM Financial, Inc. 518,200 15,555,760 
Thomson Reuters Corp. 1,020,300 42,338,313 
  62,260,510 
Insurance - 9.2%   
Intact Financial Corp. 468,300 35,725,942 
Power Corp. of Canada (sub. vtg.) 1,650,200 37,536,548 
Sun Life Financial, Inc. 1,603,800 65,589,545 
  138,852,035 
TOTAL FINANCIALS  577,709,929 
INDUSTRIALS - 10.4%   
Aerospace & Defense - 0.8%   
CAE, Inc. 546,100 11,376,646 
Road & Rail - 9.2%   
Canadian National Railway Co. 650,400 58,057,768 
Canadian Pacific Railway Ltd. 341,400 67,705,248 
TransForce, Inc. 396,800 13,177,353 
  138,940,369 
Trading Companies & Distributors - 0.4%   
Toromont Industries Ltd. 124,300 6,381,979 
TOTAL INDUSTRIALS  156,698,994 
INFORMATION TECHNOLOGY - 4.9%   
IT Services - 2.0%   
CGI Group, Inc. Class A (sub. vtg.) (a) 470,400 30,367,984 
Software - 2.9%   
Constellation Software, Inc. 31,900 23,125,385 
Open Text Corp. 555,600 20,676,170 
  43,801,555 
TOTAL INFORMATION TECHNOLOGY  74,169,539 
MATERIALS - 10.3%   
Chemicals - 4.0%   
Nutrien Ltd. 1,114,178 60,511,724 
Containers & Packaging - 1.3%   
CCL Industries, Inc. Class B 374,600 19,005,727 
Metals & Mining - 4.5%   
Franco-Nevada Corp. 465,400 34,138,039 
Lundin Mining Corp. 2,148,300 11,890,502 
Wheaton Precious Metals Corp. 1,031,400 21,613,533 
  67,642,074 
Paper & Forest Products - 0.5%   
Western Forest Products, Inc. 4,344,100 8,081,425 
TOTAL MATERIALS  155,240,950 
REAL ESTATE - 0.5%   
Equity Real Estate Investment Trusts (REITs) - 0.5%   
Allied Properties (REIT) 229,900 7,502,214 
TELECOMMUNICATION SERVICES - 3.9%   
Diversified Telecommunication Services - 2.2%   
TELUS Corp. 918,400 33,570,296 
Wireless Telecommunication Services - 1.7%   
Rogers Communications, Inc. Class B (non-vtg.) 483,100 24,629,428 
TOTAL TELECOMMUNICATION SERVICES  58,199,724 
TOTAL COMMON STOCKS   
(Cost $1,416,186,876)  1,487,091,824 
Money Market Funds - 5.1%   
Fidelity Cash Central Fund, 1.96% (d) 42,266,007 42,274,461 
Fidelity Securities Lending Cash Central Fund 1.97% (d)(e) 34,358,531 34,361,967 
TOTAL MONEY MARKET FUNDS   
(Cost $76,636,428)  76,636,428 
TOTAL INVESTMENT IN SECURITIES - 103.8%   
(Cost $1,492,823,304)  1,563,728,252 
NET OTHER ASSETS (LIABILITIES) - (3.8)%  (57,017,775) 
NET ASSETS - 100%  $1,506,710,477 

Legend

 (a) Non-income producing

 (b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $14,328,152 or 1.0% of net assets.

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

 (d) 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.

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

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 $444,619 
Fidelity Securities Lending Cash Central Fund 78,855 
Total $523,474 

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

Investment Valuation

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. Additional information on valuation inputs is provided later in this section.

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. 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 significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.





The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.

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




Item 2.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Investment Trusts (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 Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts 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/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

September 28, 2018


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/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

September 28, 2018



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

September 28, 2018