Quarterly Holdings Report
for
Fidelity Flex℠ Funds
Fidelity Flex℠ International Fund
July 31, 2019
Schedule of Investments July 31, 2019 (Unaudited)
Showing Percentage of Net Assets
| Common Stocks - 97.9% | |||
| Shares | Value | ||
| Australia - 1.8% | |||
| Beacon Lighting Group Ltd. | 6,875 | $5,117 | |
| Commonwealth Bank of Australia | 2,634 | 147,824 | |
| CSL Ltd. | 3,074 | 479,674 | |
| Imdex Ltd. | 10,828 | 9,873 | |
| Insurance Australia Group Ltd. | 20,958 | 123,437 | |
| Macquarie Group Ltd. | 1,712 | 149,833 | |
| TOTAL AUSTRALIA | 915,758 | ||
| Austria - 0.4% | |||
| Andritz AG | 2,403 | 86,082 | |
| Erste Group Bank AG | 3,673 | 131,901 | |
| TOTAL AUSTRIA | 217,983 | ||
| Bailiwick of Jersey - 0.8% | |||
| Experian PLC | 5,970 | 181,503 | |
| Glencore Xstrata PLC | 44,303 | 142,072 | |
| Integrated Diagnostics Holdings PLC (a) | 3,648 | 18,568 | |
| WPP PLC | 3,969 | 46,753 | |
| TOTAL BAILIWICK OF JERSEY | 388,896 | ||
| Belgium - 0.6% | |||
| Barco NV | 156 | 32,604 | |
| KBC Ancora | 768 | 32,953 | |
| KBC Groep NV | 3,759 | 242,515 | |
| TOTAL BELGIUM | 308,072 | ||
| Brazil - 2.2% | |||
| Atacadao Distribuicao Comercio e Industria Ltda | 44,123 | 270,656 | |
| BM&F BOVESPA SA | 23,972 | 265,012 | |
| IRB Brasil Resseguros SA | 8,338 | 207,557 | |
| Natura Cosmeticos SA | 14,029 | 224,862 | |
| Suzano Papel e Celulose SA | 15,600 | 125,369 | |
| TOTAL BRAZIL | 1,093,456 | ||
| Canada - 6.5% | |||
| Alimentation Couche-Tard, Inc. Class B (sub. vtg.) | 6,829 | 418,598 | |
| Brookfield Asset Management, Inc. Class A | 3,459 | 169,490 | |
| Canadian National Railway Co. | 4,917 | 465,398 | |
| Canadian Pacific Railway Ltd. | 1,641 | 391,798 | |
| Constellation Software, Inc. | 332 | 315,873 | |
| Franco-Nevada Corp. | 2,961 | 257,332 | |
| McCoy Global, Inc. (b) | 50 | 19 | |
| New Look Vision Group, Inc. | 559 | 14,024 | |
| Nutrien Ltd. | 7,005 | 384,060 | |
| Pason Systems, Inc. | 7,502 | 100,838 | |
| PrairieSky Royalty Ltd. | 6,622 | 88,708 | |
| Richelieu Hardware Ltd. | 500 | 9,873 | |
| ShawCor Ltd. Class A | 350 | 4,583 | |
| Suncor Energy, Inc. | 6,076 | 174,343 | |
| The Toronto-Dominion Bank | 5,930 | 346,643 | |
| Waste Connection, Inc. (Canada) | 988 | 89,615 | |
| TOTAL CANADA | 3,231,195 | ||
| Cayman Islands - 4.6% | |||
| Airtac International Group | 18,263 | 186,260 | |
| Alibaba Group Holding Ltd. sponsored ADR (b) | 1,281 | 221,754 | |
| JD.com, Inc. sponsored ADR (b) | 6,579 | 196,778 | |
| Meituan Dianping Class B | 16,406 | 132,662 | |
| PagSeguro Digital Ltd. (b) | 2,931 | 127,440 | |
| Shenzhou International Group Holdings Ltd. | 13,862 | 191,195 | |
| Tencent Holdings Ltd. | 26,700 | 1,244,022 | |
| TOTAL CAYMAN ISLANDS | 2,300,111 | ||
| Chile - 0.5% | |||
| Banco de Chile | 1,847,658 | 267,380 | |
| China - 4.1% | |||
| AVIC Jonhon OptronicTechnology Co. Ltd. | 27,010 | 144,108 | |
| China Life Insurance Co. Ltd. (H Shares) | 79,000 | 201,226 | |
| China Merchants Bank Co. Ltd. (H Shares) | 83,115 | 411,744 | |
| China Petroleum & Chemical Corp. (H Shares) | 308,778 | 198,239 | |
| Haier Smart Home Co. Ltd. (A Shares) | 134,874 | 327,143 | |
| Industrial & Commercial Bank of China Ltd. (H Shares) | 775,261 | 520,624 | |
| Ping An Insurance (Group) Co. of China Ltd. (H Shares) | 7,500 | 88,394 | |
| Shenzhen Inovance Technology Co. Ltd. (A Shares) | 41,100 | 147,840 | |
| Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 9,120 | 14,271 | |
| TOTAL CHINA | 2,053,589 | ||
| Denmark - 0.5% | |||
| A.P. Moller - Maersk A/S Series B | 42 | 47,160 | |
| Ambu A/S Series B | 905 | 13,252 | |
| Jyske Bank A/S (Reg.) | 1,399 | 44,651 | |
| Netcompany Group A/S (a)(b) | 345 | 13,553 | |
| ORSTED A/S (a) | 700 | 63,942 | |
| SimCorp A/S | 289 | 26,155 | |
| Spar Nord Bank A/S | 1,669 | 14,696 | |
| TOTAL DENMARK | 223,409 | ||
| Finland - 0.3% | |||
| Sampo Oyj (A Shares) | 2,280 | 95,078 | |
| Tikkurila Oyj | 2,454 | 38,249 | |
| TOTAL FINLAND | 133,327 | ||
| France - 6.5% | |||
| ALTEN | 324 | 40,207 | |
| Atos Origin SA | 950 | 76,834 | |
| AXA SA | 10,950 | 275,811 | |
| Bouygues SA | 2,254 | 80,794 | |
| Capgemini SA | 1,088 | 138,809 | |
| Edenred SA | 3,253 | 163,633 | |
| Elis SA | 3,373 | 62,655 | |
| Laurent-Perrier Group SA | 126 | 12,414 | |
| Legrand SA | 1,839 | 130,004 | |
| LVMH Moet Hennessy Louis Vuitton SE | 732 | 302,359 | |
| Natixis SA | 20,237 | 81,589 | |
| Safran SA | 1,865 | 268,082 | |
| Sanofi SA | 3,291 | 274,245 | |
| Societe Generale Series A | 3,453 | 84,580 | |
| SR Teleperformance SA | 603 | 126,562 | |
| Thales SA | 641 | 72,413 | |
| Total SA | 9,283 | 481,140 | |
| Vetoquinol SA | 287 | 19,063 | |
| VINCI SA | 3,043 | 313,014 | |
| Vivendi SA | 5,115 | 142,577 | |
| Worldline SA (a)(b) | 953 | 68,362 | |
| TOTAL FRANCE | 3,215,147 | ||
| Germany - 6.2% | |||
| Bayer AG | 3,552 | 230,059 | |
| CompuGroup Medical AG | 1,094 | 84,714 | |
| Continental AG | 635 | 87,061 | |
| CTS Eventim AG | 596 | 29,848 | |
| Deutsche Borse AG | 1,174 | 162,978 | |
| Hannover Reuck SE | 1,153 | 180,862 | |
| HeidelbergCement Finance AG | 2,017 | 146,518 | |
| Linde PLC | 2,783 | 535,286 | |
| MTU Aero Engines Holdings AG | 1,012 | 253,744 | |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 517 | 124,651 | |
| Nexus AG | 419 | 14,843 | |
| Rheinmetall AG | 740 | 84,703 | |
| RWE AG | 4,010 | 108,580 | |
| SAP SE | 5,820 | 711,414 | |
| Vonovia SE | 6,635 | 325,087 | |
| WashTec AG | 288 | 15,303 | |
| TOTAL GERMANY | 3,095,651 | ||
| Greece - 0.0% | |||
| Motor Oil (HELLAS) Corinth Refineries SA | 400 | 9,919 | |
| Hong Kong - 2.6% | |||
| AIA Group Ltd. | 53,600 | 548,637 | |
| China Resources Beer Holdings Co. Ltd. | 72,477 | 339,588 | |
| CNOOC Ltd. sponsored ADR | 1,192 | 197,073 | |
| Hong Kong Exchanges and Clearing Ltd. | 6,000 | 201,638 | |
| TOTAL HONG KONG | 1,286,936 | ||
| India - 3.6% | |||
| Embassy Office Parks (REIT) (b) | 3,200 | 17,272 | |
| Housing Development Finance Corp. Ltd. | 19,837 | 609,076 | |
| Infosys Ltd. sponsored ADR | 23,664 | 267,876 | |
| Jyothy Laboratories Ltd. | 3,152 | 7,004 | |
| Larsen & Toubro Ltd. | 13,007 | 260,916 | |
| Shree Cement Ltd. | 672 | 196,184 | |
| Solar Industries India Ltd. | 8,100 | 131,087 | |
| State Bank of India (b) | 65,237 | 313,115 | |
| TOTAL INDIA | 1,802,530 | ||
| Indonesia - 0.7% | |||
| PT Bank Mandiri (Persero) Tbk | 469,992 | 264,415 | |
| PT Bank Rakyat Indonesia Tbk | 227,500 | 72,090 | |
| TOTAL INDONESIA | 336,505 | ||
| Ireland - 0.9% | |||
| CRH PLC | 4,841 | 161,110 | |
| CRH PLC sponsored ADR | 7,866 | 262,410 | |
| FBD Holdings PLC | 500 | 5,280 | |
| TOTAL IRELAND | 428,800 | ||
| Israel - 0.7% | |||
| Azrieli Group | 133 | 9,363 | |
| Elbit Systems Ltd. | 405 | 64,638 | |
| Elbit Systems Ltd. (Israel) | 1,345 | 216,337 | |
| Ituran Location & Control Ltd. | 1,158 | 33,790 | |
| Strauss Group Ltd. | 1,263 | 38,270 | |
| Tel Aviv Stock Exchange Ltd. | 2,100 | 4,246 | |
| TOTAL ISRAEL | 366,644 | ||
| Italy - 1.5% | |||
| Assicurazioni Generali SpA | 6,800 | 126,765 | |
| Enel SpA | 43,836 | 299,866 | |
| Interpump Group SpA | 4,287 | 120,921 | |
| Intesa Sanpaolo SpA | 53,324 | 115,655 | |
| Mediobanca SpA | 7,482 | 74,990 | |
| TOTAL ITALY | 738,197 | ||
| Japan - 13.3% | |||
| Ai Holdings Corp. | 500 | 7,850 | |
| Aoki Super Co. Ltd. | 400 | 9,670 | |
| Artnature, Inc. | 1,300 | 7,851 | |
| Aucnet, Inc. | 500 | 5,699 | |
| Azbil Corp. | 7,900 | 189,893 | |
| Broadleaf Co. Ltd. | 3,900 | 20,649 | |
| Central Automotive Products Ltd. | 100 | 1,833 | |
| Century21 Real Estate Japan Ltd. | 200 | 2,221 | |
| Coca-Cola West Co. Ltd. | 400 | 9,902 | |
| Daiichikosho Co. Ltd. | 800 | 33,202 | |
| Daikokutenbussan Co. Ltd. | 500 | 15,052 | |
| DENSO Corp. | 5,128 | 217,660 | |
| East Japan Railway Co. | 1,400 | 128,345 | |
| Fanuc Corp. | 800 | 142,181 | |
| Funai Soken Holdings, Inc. | 700 | 16,105 | |
| GCA Savvian Group Corp. | 1,200 | 7,843 | |
| Goldcrest Co. Ltd. | 1,600 | 29,017 | |
| Hitachi High-Technologies Corp. | 1,729 | 88,206 | |
| Hoya Corp. | 5,259 | 406,305 | |
| Idemitsu Kosan Co. Ltd. | 3,100 | 85,428 | |
| Itochu Corp. | 10,540 | 200,689 | |
| Japan Tobacco, Inc. | 4,566 | 100,606 | |
| Kao Corp. | 1,559 | 113,777 | |
| Keyence Corp. | 700 | 406,205 | |
| Kobayashi Pharmaceutical Co. Ltd. | 300 | 21,509 | |
| Komatsu Ltd. | 3,700 | 82,734 | |
| Koshidaka Holdings Co. Ltd. | 3,300 | 47,078 | |
| Kusuri No Aoki Holdings Co. Ltd. | 300 | 19,993 | |
| Lasertec Corp. | 1,400 | 67,819 | |
| Makita Corp. | 1,383 | 45,702 | |
| Medikit Co. Ltd. | 300 | 16,794 | |
| Minebea Mitsumi, Inc. | 8,047 | 137,342 | |
| Miroku Jyoho Service Co., Ltd. | 400 | 12,630 | |
| Misumi Group, Inc. | 8,350 | 189,888 | |
| Mitsubishi Estate Co. Ltd. | 4,616 | 84,966 | |
| Mitsubishi UFJ Financial Group, Inc. | 49,355 | 243,765 | |
| Mitsuboshi Belting Ltd. | 500 | 9,220 | |
| Mitsui Fudosan Co. Ltd. | 4,572 | 103,209 | |
| Nabtesco Corp. | 3,700 | 100,705 | |
| Nagaileben Co. Ltd. | 1,600 | 33,547 | |
| Nihon Parkerizing Co. Ltd. | 4,400 | 49,302 | |
| Nintendo Co. Ltd. | 150 | 55,184 | |
| NS Tool Co. Ltd. | 600 | 11,190 | |
| OBIC Co. Ltd. | 1,653 | 177,319 | |
| Oracle Corp. Japan | 1,236 | 103,161 | |
| ORIX Corp. | 11,971 | 171,824 | |
| OSG Corp. | 6,300 | 126,069 | |
| Paramount Bed Holdings Co. Ltd. | 900 | 34,539 | |
| ProNexus, Inc. | 1,087 | 10,861 | |
| Recruit Holdings Co. Ltd. | 2,296 | 77,748 | |
| San-Ai Oil Co. Ltd. | 1,800 | 17,389 | |
| Shin-Etsu Chemical Co. Ltd. | 1,678 | 170,847 | |
| Shinsei Bank Ltd. | 7,515 | 113,514 | |
| SHO-BOND Holdings Co. Ltd. | 4,520 | 155,597 | |
| Shoei Co. Ltd. | 1,000 | 41,870 | |
| SK Kaken Co. Ltd. | 40 | 18,200 | |
| SoftBank Corp. | 1,662 | 84,859 | |
| Software Service, Inc. | 200 | 19,248 | |
| Sony Corp. | 1,134 | 64,495 | |
| Sony Financial Holdings, Inc. | 6,582 | 159,462 | |
| Sumitomo Mitsui Financial Group, Inc. | 6,574 | 229,891 | |
| Suzuki Motor Corp. | 1,174 | 45,913 | |
| Takeda Pharmaceutical Co. Ltd. | 5,225 | 179,823 | |
| The Monogatari Corp. | 100 | 8,530 | |
| TKC Corp. | 400 | 16,693 | |
| Tokio Marine Holdings, Inc. | 4,541 | 241,041 | |
| Tokyo Electron Ltd. | 419 | 70,967 | |
| Toyota Motor Corp. | 5,100 | 329,527 | |
| USS Co. Ltd. | 14,500 | 288,827 | |
| Welcia Holdings Co. Ltd. | 300 | 14,009 | |
| Workman Co. Ltd. | 500 | 22,888 | |
| Yamada Consulting Group Co. Ltd. | 700 | 12,721 | |
| Yamato Kogyo Co. Ltd. | 300 | 7,837 | |
| TOTAL JAPAN | 6,594,435 | ||
| Kenya - 0.1% | |||
| Safaricom Ltd. | 252,100 | 66,387 | |
| Korea (South) - 2.8% | |||
| BGF Retail Co. Ltd. | 410 | 70,151 | |
| Leeno Industrial, Inc. | 139 | 6,455 | |
| Samsung Electronics Co. Ltd. | 27,749 | 1,046,624 | |
| Shinhan Financial Group Co. Ltd. | 6,963 | 253,987 | |
| TOTAL KOREA (SOUTH) | 1,377,217 | ||
| Mexico - 0.5% | |||
| Consorcio ARA S.A.B. de CV | 20,614 | 4,303 | |
| Grupo Financiero Banorte S.A.B. de CV Series O | 47,880 | 241,052 | |
| TOTAL MEXICO | 245,355 | ||
| Netherlands - 2.4% | |||
| Aalberts Industries NV | 1,197 | 48,312 | |
| AerCap Holdings NV (b) | 1,987 | 108,351 | |
| ASML Holding NV (Netherlands) | 2,534 | 564,636 | |
| ING Groep NV (Certificaten Van Aandelen) | 15,110 | 167,657 | |
| Koninklijke Philips Electronics NV | 2,968 | 139,231 | |
| Takeaway.com Holding BV (a)(b) | 207 | 18,607 | |
| Wolters Kluwer NV | 1,626 | 118,007 | |
| TOTAL NETHERLANDS | 1,164,801 | ||
| New Zealand - 0.2% | |||
| Auckland International Airport Ltd. | 14,668 | 89,358 | |
| Norway - 0.4% | |||
| Adevinta ASA Class B | 5,046 | 56,119 | |
| Kongsberg Gruppen ASA | 2,195 | 27,856 | |
| Schibsted ASA (B Shares) | 2,966 | 76,621 | |
| Skandiabanken ASA (a) | 1,590 | 12,208 | |
| TOTAL NORWAY | 172,804 | ||
| Peru - 0.6% | |||
| Compania de Minas Buenaventura SA sponsored ADR | 21,059 | 320,939 | |
| Philippines - 0.4% | |||
| Ayala Land, Inc. | 195,847 | 190,732 | |
| Jollibee Food Corp. | 3,000 | 15,226 | |
| TOTAL PHILIPPINES | 205,958 | ||
| Portugal - 0.2% | |||
| Galp Energia SGPS SA Class B | 5,777 | 89,937 | |
| Russia - 0.8% | |||
| Lukoil PJSC sponsored ADR | 1,647 | 135,581 | |
| Sberbank of Russia sponsored ADR | 17,796 | 266,050 | |
| TOTAL RUSSIA | 401,631 | ||
| Singapore - 0.3% | |||
| United Overseas Bank Ltd. | 7,600 | 144,801 | |
| South Africa - 2.1% | |||
| Clicks Group Ltd. | 9,729 | 138,175 | |
| Impala Platinum Holdings Ltd. (b) | 36,540 | 194,935 | |
| Mr Price Group Ltd. | 9,507 | 116,701 | |
| Naspers Ltd. Class N | 2,423 | 590,631 | |
| TOTAL SOUTH AFRICA | 1,040,442 | ||
| Spain - 2.0% | |||
| Amadeus IT Holding SA Class A | 4,400 | 347,580 | |
| Banco Santander SA (Spain) | 71,100 | 303,474 | |
| CaixaBank SA | 3,741 | 9,272 | |
| Cellnex Telecom SA (a) | 1,908 | 71,581 | |
| Masmovil Ibercom SA (b) | 3,166 | 71,848 | |
| Merlin Properties Socimi SA | 3,873 | 52,950 | |
| Prosegur Compania de Seguridad SA (Reg.) | 22,742 | 106,190 | |
| Unicaja Banco SA (a) | 32,186 | 25,475 | |
| TOTAL SPAIN | 988,370 | ||
| Sweden - 2.8% | |||
| Addlife AB | 1,035 | 27,961 | |
| AddTech AB (B Shares) | 1,687 | 44,178 | |
| ASSA ABLOY AB (B Shares) | 16,877 | 387,110 | |
| Atlas Copco AB (A Shares) | 7,036 | 216,296 | |
| Epiroc AB Class A | 10,607 | 116,486 | |
| Fagerhult AB | 7,446 | 46,242 | |
| Investor AB (B Shares) | 4,216 | 200,998 | |
| Lagercrantz Group AB (B Shares) | 2,446 | 30,584 | |
| Loomis AB (B Shares) | 1,981 | 68,280 | |
| Saab AB (B Shares) | 802 | 25,310 | |
| Swedbank AB (A Shares) | 4,466 | 60,817 | |
| Telefonaktiebolaget LM Ericsson (B Shares) | 18,598 | 162,719 | |
| TOTAL SWEDEN | 1,386,981 | ||
| Switzerland - 4.7% | |||
| Nestle SA (Reg. S) | 8,670 | 919,776 | |
| Roche Holding AG (participation certificate) | 1,922 | 514,453 | |
| Schindler Holding AG: | |||
| (participation certificate) | 797 | 184,475 | |
| (Reg.) | 97 | 21,867 | |
| Swiss Life Holding AG | 320 | 154,924 | |
| Tecan Group AG | 137 | 34,851 | |
| UBS Group AG | 21,646 | 241,786 | |
| Zurich Insurance Group Ltd. | 814 | 283,597 | |
| TOTAL SWITZERLAND | 2,355,729 | ||
| Taiwan - 2.5% | |||
| Addcn Technology Co. Ltd. | 2,000 | 16,743 | |
| Sporton International, Inc. | 20,718 | 137,728 | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 98,000 | 804,888 | |
| Unified-President Enterprises Corp. | 103,014 | 266,327 | |
| TOTAL TAIWAN | 1,225,686 | ||
| Thailand - 0.8% | |||
| Siam Cement PCL (For. Reg.) | 27,816 | 390,848 | |
| Turkey - 0.5% | |||
| Tupras Turkiye Petrol Rafinerileri A/S | 9,458 | 237,255 | |
| United Kingdom - 8.3% | |||
| Alliance Pharma PLC | 16,965 | 14,607 | |
| Ascential PLC (a) | 3,565 | 17,264 | |
| AstraZeneca PLC (United Kingdom) | 2,178 | 188,166 | |
| Aviva PLC | 24,010 | 117,880 | |
| Avon Rubber PLC | 1,261 | 20,549 | |
| BAE Systems PLC | 9,358 | 62,172 | |
| Beazley PLC | 7,300 | 51,179 | |
| BHP Billiton PLC | 21,879 | 521,673 | |
| BP PLC | 86,513 | 572,435 | |
| British American Tobacco PLC (United Kingdom) | 3,237 | 115,343 | |
| Cineworld Group PLC | 3,557 | 11,035 | |
| Dechra Pharmaceuticals PLC | 1,538 | 55,101 | |
| DP Poland PLC (b) | 24,476 | 2,158 | |
| Elementis PLC | 20,374 | 37,413 | |
| Great Portland Estates PLC | 1,953 | 15,718 | |
| Hilton Food Group PLC | 368 | 4,189 | |
| Howden Joinery Group PLC | 1,948 | 13,148 | |
| Imperial Tobacco Group PLC | 3,565 | 90,827 | |
| Informa PLC | 25,113 | 266,919 | |
| InterContinental Hotel Group PLC ADR | 4,460 | 312,869 | |
| ITE Group PLC | 16,665 | 14,855 | |
| Lloyds Banking Group PLC | 322,320 | 208,504 | |
| Micro Focus International PLC | 3,490 | 73,514 | |
| Network International Holdings PLC (a) | 1,400 | 10,437 | |
| Prudential PLC | 11,401 | 234,567 | |
| Rightmove PLC | 15,189 | 97,603 | |
| Royal Dutch Shell PLC Class B sponsored ADR | 4,713 | 299,134 | |
| RSA Insurance Group PLC | 17,204 | 117,288 | |
| Shaftesbury PLC | 1,583 | 15,141 | |
| Spectris PLC | 5,170 | 160,073 | |
| Spirax-Sarco Engineering PLC | 761 | 83,244 | |
| Standard Chartered PLC (United Kingdom) | 20,591 | 169,476 | |
| Standard Life PLC | 27,834 | 101,141 | |
| The Weir Group PLC | 2,661 | 48,444 | |
| Ultra Electronics Holdings PLC | 755 | 18,023 | |
| TOTAL UNITED KINGDOM | 4,142,089 | ||
| United States of America - 7.2% | |||
| Alphabet, Inc. Class A (b) | 118 | 143,748 | |
| Autoliv, Inc. | 1,459 | 105,267 | |
| Berkshire Hathaway, Inc. Class B (b) | 752 | 154,483 | |
| Black Knight, Inc. (b) | 1,977 | 125,184 | |
| ConocoPhillips Co. | 1,258 | 74,323 | |
| Lam Research Corp. | 300 | 62,583 | |
| Marsh & McLennan Companies, Inc. | 2,150 | 212,420 | |
| Martin Marietta Materials, Inc. | 851 | 210,835 | |
| MasterCard, Inc. Class A | 1,751 | 476,745 | |
| MercadoLibre, Inc. (b) | 529 | 328,731 | |
| Moody's Corp. | 871 | 186,690 | |
| Morningstar, Inc. | 64 | 9,727 | |
| MSCI, Inc. | 945 | 214,742 | |
| PayPal Holdings, Inc. (b) | 1,047 | 115,589 | |
| PriceSmart, Inc. | 884 | 53,924 | |
| ResMed, Inc. | 1,765 | 227,156 | |
| S&P Global, Inc. | 824 | 201,839 | |
| Sherwin-Williams Co. | 437 | 224,198 | |
| Visa, Inc. Class A | 2,431 | 432,718 | |
| TOTAL UNITED STATES OF AMERICA | 3,560,902 | ||
| TOTAL COMMON STOCKS | |||
| (Cost $46,474,739) | 48,615,430 | ||
| Nonconvertible Preferred Stocks - 0.9% | |||
| Brazil - 0.5% | |||
| Itau Unibanco Holding SA | 14,150 | 129,103 | |
| Petroleo Brasileiro SA - Petrobras sponsored ADR | 7,505 | 112,950 | |
| TOTAL BRAZIL | 242,053 | ||
| Germany - 0.4% | |||
| Porsche Automobil Holding SE (Germany) | 2,275 | 149,117 | |
| Sartorius AG (non-vtg.) | 158 | 32,428 | |
| TOTAL GERMANY | 181,545 | ||
| TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
| (Cost $398,678) | 423,598 | ||
| Money Market Funds - 1.0% | |||
| Fidelity Cash Central Fund 2.43% (c) | |||
| (Cost $484,722) | 484,632 | 484,729 | |
| TOTAL INVESTMENT IN SECURITIES - 99.8% | |||
| (Cost $47,358,139) | 49,523,757 | ||
| NET OTHER ASSETS (LIABILITIES) - 0.2% | 110,298 | ||
| NET ASSETS - 100% | $49,634,055 |
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 $319,997 or 0.6% of net assets.
(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.
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 | $12,845 |
| Fidelity Securities Lending Cash Central Fund | 3,629 |
| Total | $16,474 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
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.
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