NPORT-EX 2 QTLY_2282_20200131.htm

Quarterly Holdings Report
for

Fidelity® Series International Growth Fund

January 31, 2020







GSV-S-QTLY-0320
1.907948.110





Schedule of Investments January 31, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 99.1%   
 Shares Value 
Australia - 3.0%   
CSL Ltd. 2,406,362 $494,913,221 
Bailiwick of Jersey - 1.5%   
Experian PLC 7,170,789 249,600,705 
Belgium - 0.5%   
KBC Groep NV 1,025,801 75,381,657 
Brazil - 0.6%   
BM&F BOVESPA SA 9,393,354 105,720,745 
Canada - 2.5%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 2,734,021 91,375,056 
Canadian National Railway Co. 643,788 60,161,147 
Canadian Pacific Railway Ltd. 445,908 118,451,683 
Franco-Nevada Corp. 894,628 101,691,771 
Pason Systems, Inc. 2,042,496 20,372,485 
PrairieSky Royalty Ltd. 2,315,938 25,392,368 
TOTAL CANADA  417,444,510 
Cayman Islands - 1.5%   
Alibaba Group Holding Ltd. 716,900 18,220,555 
Alibaba Group Holding Ltd. sponsored ADR (a) 1,110,522 229,422,740 
TOTAL CAYMAN ISLANDS  247,643,295 
Finland - 0.2%   
Tikkurila Oyj 1,818,794 31,184,884 
France - 6.4%   
Edenred SA 3,313,490 179,294,765 
Elis SA 2,114,524 41,297,437 
Legrand SA 1,980,632 159,035,283 
LVMH Moet Hennessy Louis Vuitton SE 847,596 369,104,604 
Safran SA 1,830,108 296,231,983 
TOTAL FRANCE  1,044,964,072 
Germany - 9.3%   
Deutsche Borse AG 1,133,345 184,832,479 
Linde PLC 1,865,701 380,828,107 
MTU Aero Engines Holdings AG 753,064 229,174,937 
SAP SE 4,528,829 589,795,245 
Vonovia SE 2,676,035 152,963,330 
TOTAL GERMANY  1,537,594,098 
Hong Kong - 4.3%   
AIA Group Ltd. 50,005,701 495,503,915 
Hong Kong Exchanges and Clearing Ltd. 6,250,625 205,379,495 
TOTAL HONG KONG  700,883,410 
India - 1.4%   
Housing Development Finance Corp. Ltd. 6,890,400 232,225,588 
Ireland - 1.6%   
CRH PLC sponsored ADR 7,102,212 266,972,149 
Italy - 0.5%   
Interpump Group SpA 2,987,034 84,343,126 
Japan - 12.0%   
Azbil Corp. 4,142,905 111,720,522 
Fanuc Corp. 1,074,815 195,756,061 
Hoya Corp. 3,027,800 289,776,854 
Keyence Corp. 1,515,164 509,333,046 
Misumi Group, Inc. 8,522,281 211,466,062 
Nabtesco Corp. 2,286,446 65,517,529 
OSG Corp. 3,837,246 64,593,652 
Recruit Holdings Co. Ltd. 5,934,505 231,305,058 
SHO-BOND Holdings Co. Ltd. 2,577,400 105,227,645 
USS Co. Ltd. 10,050,200 182,407,341 
TOTAL JAPAN  1,967,103,770 
Kenya - 0.5%   
Safaricom Ltd. 272,206,000 82,638,811 
Korea (South) - 0.3%   
BGF Retail Co. Ltd. 330,804 45,372,769 
Netherlands - 4.5%   
ASML Holding NV (Netherlands) 2,395,346 672,223,662 
Prosus NV (a) 931,898 67,416,606 
TOTAL NETHERLANDS  739,640,268 
New Zealand - 0.5%   
Auckland International Airport Ltd. 15,761,808 87,732,301 
Norway - 1.0%   
Adevinta ASA Class B 6,622,807 80,787,452 
Schibsted ASA (B Shares) 3,090,755 88,038,945 
TOTAL NORWAY  168,826,397 
South Africa - 1.3%   
Clicks Group Ltd. (b) 7,422,922 120,816,297 
Naspers Ltd. Class N 533,226 86,487,405 
TOTAL SOUTH AFRICA  207,303,702 
Spain - 2.3%   
Amadeus IT Holding SA Class A 4,459,064 350,227,913 
Prosegur Compania de Seguridad SA (Reg.) 8,719,053 34,386,043 
TOTAL SPAIN  384,613,956 
Sweden - 4.9%   
ASSA ABLOY AB (B Shares) 16,270,791 386,208,264 
Atlas Copco AB (A Shares) 6,990,282 248,332,947 
Epiroc AB Class A 10,225,469 118,645,139 
Loomis AB (B Shares) 1,310,059 47,547,457 
TOTAL SWEDEN  800,733,807 
Switzerland - 11.1%   
Nestle SA (Reg. S) 8,480,320 935,317,396 
Roche Holding AG (participation certificate) 1,912,964 641,739,393 
Schindler Holding AG:   
(participation certificate) 837,831 216,938,384 
(Reg.) 156,202 38,920,764 
TOTAL SWITZERLAND  1,832,915,937 
Taiwan - 1.5%   
Taiwan Semiconductor Manufacturing Co. Ltd. 23,721,885 243,327,388 
United Kingdom - 5.7%   
BAE Systems PLC 8,215,917 68,298,597 
Elementis PLC 14,411,283 24,339,497 
Informa PLC 6,631,038 67,843,701 
InterContinental Hotel Group PLC ADR 3,698,730 227,065,035 
London Stock Exchange Group PLC 1,455,292 150,391,031 
Prudential PLC 11,485,568 204,217,863 
Rightmove PLC 10,301,545 89,481,784 
Spectris PLC 2,926,128 102,240,170 
TOTAL UNITED KINGDOM  933,877,678 
United States of America - 20.2%   
Alphabet, Inc. Class A (a) 87,187 124,919,790 
Aspen Technology, Inc. (a) 550,700 65,522,286 
Autoliv, Inc. (b) 1,387,034 106,288,415 
Berkshire Hathaway, Inc. Class B (a) 778,580 174,736,709 
Black Knight, Inc. (a) 2,137,323 143,029,655 
Lam Research Corp. 431,265 128,607,536 
Marsh & McLennan Companies, Inc. 2,247,231 251,375,260 
Martin Marietta Materials, Inc. 627,032 165,411,042 
MasterCard, Inc. Class A 1,431,031 452,119,934 
Moody's Corp. 898,459 230,715,287 
MSCI, Inc. 854,827 244,309,557 
PayPal Holdings, Inc. (a) 525,424 59,840,539 
PriceSmart, Inc. 560,762 34,352,280 
ResMed, Inc. 1,456,064 231,470,494 
S&P Global, Inc. 757,280 222,435,854 
Sherwin-Williams Co. 438,747 244,377,692 
Visa, Inc. Class A 2,270,070 451,675,828 
TOTAL UNITED STATES OF AMERICA  3,331,188,158 
TOTAL COMMON STOCKS   
(Cost $9,795,944,550)  16,314,146,402 
Money Market Funds - 1.0%   
Fidelity Cash Central Fund 1.58% (c) 81,761,521 81,777,873 
Fidelity Securities Lending Cash Central Fund 1.59% (c)(d) 72,944,206 72,951,501 
TOTAL MONEY MARKET FUNDS   
(Cost $154,729,374)  154,729,374 
TOTAL INVESTMENT IN SECURITIES - 100.1%   
(Cost $9,950,673,924)  16,468,875,776 
NET OTHER ASSETS (LIABILITIES) - (0.1)%  (10,679,598) 
NET ASSETS - 100%  $16,458,196,178 

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 $592,101 
Fidelity Securities Lending Cash Central Fund 70,728 
Total $662,829 

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.

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. $113,264,445 $-- $14,405,440 $840,038 $6,667,807 $(299,167) $-- 
Total $113,264,445 $-- $14,405,440 $840,038 $6,667,807 $(299,167) $-- 

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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