Quarterly Holdings Report
for
Fidelity Flex® Funds
Fidelity Flex® International Fund
July 31, 2020
Schedule of Investments July 31, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 96.3% | |||
Shares | Value | ||
Australia - 1.5% | |||
Beacon Lighting Group Ltd. | 5,575 | $4,421 | |
Commonwealth Bank of Australia | 4,482 | 227,994 | |
CSL Ltd. | 4,080 | 787,330 | |
Evolution Mining Ltd. | 24,155 | 101,819 | |
Imdex Ltd. | 12,154 | 11,506 | |
Kogan.Com Ltd. | 1,400 | 16,664 | |
Macquarie Group Ltd. | 2,667 | 235,303 | |
TOTAL AUSTRALIA | 1,385,037 | ||
Austria - 0.2% | |||
Erste Group Bank AG | 8,490 | 189,015 | |
Bailiwick of Jersey - 0.9% | |||
Experian PLC | 12,030 | 420,209 | |
Ferguson PLC | 1,800 | 158,676 | |
Glencore Xstrata PLC | 97,723 | 223,645 | |
Integrated Diagnostics Holdings PLC (a)(b) | 7,150 | 28,743 | |
TOTAL BAILIWICK OF JERSEY | 831,273 | ||
Belgium - 0.9% | |||
Barco NV | 2,513 | 49,411 | |
KBC Ancora (a) | 1,135 | 38,050 | |
KBC Groep NV | 8,897 | 507,275 | |
UCB SA | 1,700 | 217,974 | |
TOTAL BELGIUM | 812,710 | ||
Bermuda - 0.3% | |||
Shangri-La Asia Ltd. | 310,533 | 224,376 | |
Brazil - 0.9% | |||
BM&F BOVESPA SA | 30,237 | 367,721 | |
Suzano Papel e Celulose SA (a) | 58,656 | 472,257 | |
TOTAL BRAZIL | 839,978 | ||
Canada - 6.3% | |||
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) | 20,815 | 723,385 | |
Canadian National Railway Co. | 6,671 | 651,636 | |
Canadian Pacific Railway Ltd. | 4,358 | 1,198,519 | |
Constellation Software, Inc. | 639 | 755,842 | |
Franco-Nevada Corp. | 4,779 | 763,884 | |
McCoy Global, Inc. (a) | 50 | 14 | |
New Look Vision Group, Inc. | 1,022 | 22,508 | |
Nutrien Ltd. | 8,085 | 263,293 | |
Pason Systems, Inc. | 9,163 | 43,713 | |
PrairieSky Royalty Ltd. | 8,323 | 52,258 | |
Richelieu Hardware Ltd. | 1,665 | 41,269 | |
Suncor Energy, Inc. | 11,685 | 183,809 | |
The Toronto-Dominion Bank | 16,159 | 715,028 | |
Waste Connection, Inc. (Canada) | 1,996 | 204,003 | |
TOTAL CANADA | 5,619,161 | ||
Cayman Islands - 6.9% | |||
Airtac International Group | 13,450 | 281,258 | |
Alibaba Group Holding Ltd. | 1,200 | 37,651 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 6,357 | 1,595,734 | |
Bilibili, Inc. ADR (a) | 5,133 | 223,696 | |
JD.com, Inc. sponsored ADR (a) | 7,462 | 476,001 | |
Li Ning Co. Ltd. | 164,967 | 531,067 | |
Sunny Optical Technology Group Co. Ltd. | 21,590 | 406,433 | |
Tencent Holdings Ltd. | 37,978 | 2,605,223 | |
TOTAL CAYMAN ISLANDS | 6,157,063 | ||
China - 4.5% | |||
AVIC Jonhon OptronicTechnology Co. Ltd. | 52,188 | 325,841 | |
C&S Paper Co. Ltd. (A Shares) | 66,018 | 231,034 | |
China Life Insurance Co. Ltd. (H Shares) | 175,507 | 402,598 | |
China Merchants Bank Co. Ltd. (H Shares) | 134,151 | 625,725 | |
Haier Smart Home Co. Ltd. (A Shares) (c) | 379,514 | 979,370 | |
Hualan Biological Engineer, Inc. (A Shares) | 48,208 | 448,757 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 990,806 | 580,554 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 53,346 | 384,389 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 9,126 | 31,034 | |
TOTAL CHINA | 4,009,302 | ||
Cyprus - 0.0% | |||
Headhunter Group PLC ADR | 600 | 12,024 | |
Denmark - 0.7% | |||
A.P. Moller - Maersk A/S Series B | 170 | 218,864 | |
Ambu A/S Series B | 789 | 27,445 | |
Netcompany Group A/S (a)(b) | 1,049 | 75,335 | |
ORSTED A/S (b) | 1,372 | 195,544 | |
SimCorp A/S | 492 | 57,281 | |
Spar Nord Bank A/S | 3,017 | 24,864 | |
TOTAL DENMARK | 599,333 | ||
Finland - 0.6% | |||
Admicom OYJ | 100 | 9,000 | |
Kone OYJ (B Shares) | 3,400 | 269,298 | |
Sampo Oyj (A Shares) | 5,079 | 183,577 | |
Tikkurila Oyj | 3,673 | 59,534 | |
TOTAL FINLAND | 521,409 | ||
France - 6.2% | |||
ALTEN (a) | 534 | 41,641 | |
Atos Origin SA (a) | 2,299 | 196,067 | |
AXA SA | 24,174 | 485,020 | |
BNP Paribas SA (a) | 12,648 | 508,270 | |
Capgemini SA | 1,780 | 229,594 | |
Edenred SA | 4,845 | 240,443 | |
Laurent-Perrier Group SA | 228 | 20,143 | |
Lectra | 600 | 12,694 | |
Legrand SA | 3,373 | 260,929 | |
LVMH Moet Hennessy Louis Vuitton SE | 1,410 | 613,129 | |
Natixis SA (a) | 22,693 | 54,933 | |
Safran SA (a) | 1,944 | 206,748 | |
Sanofi SA | 8,897 | 934,159 | |
SR Teleperformance SA | 1,018 | 296,551 | |
Total SA | 17,715 | 670,401 | |
Vetoquinol SA | 500 | 40,521 | |
VINCI SA | 3,684 | 317,064 | |
Vivendi SA | 8,982 | 238,350 | |
Worldline SA (a)(b) | 1,852 | 158,643 | |
TOTAL FRANCE | 5,525,300 | ||
Germany - 6.8% | |||
Bayer AG | 6,201 | 411,954 | |
CompuGroup Medical AG | 1,153 | 100,641 | |
CTS Eventim AG | 1,301 | 51,370 | |
Deutsche Borse AG | 1,885 | 343,279 | |
Hannover Reuck SE | 1,792 | 302,701 | |
HeidelbergCement AG | 3,701 | 205,388 | |
Infineon Technologies AG | 9,220 | 235,067 | |
Linde PLC | 4,800 | 1,168,715 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 1,091 | 289,195 | |
Nexus AG | 419 | 20,878 | |
Rheinmetall AG | 1,361 | 128,640 | |
SAP SE | 8,779 | 1,385,794 | |
Siemens AG | 6,127 | 780,801 | |
Vonovia SE | 10,653 | 692,437 | |
TOTAL GERMANY | 6,116,860 | ||
Hong Kong - 3.5% | |||
AIA Group Ltd. | 105,619 | 952,361 | |
China Resources Beer Holdings Co. Ltd. | 136,317 | 948,026 | |
CNOOC Ltd. sponsored ADR | 3,780 | 399,357 | |
Hong Kong Exchanges and Clearing Ltd. | 10,500 | 501,542 | |
Sun Art Retail Group Ltd. | 234,158 | 325,089 | |
TOTAL HONG KONG | 3,126,375 | ||
Hungary - 0.9% | |||
Richter Gedeon PLC | 35,936 | 832,751 | |
India - 1.7% | |||
Embassy Office Parks (REIT) | 6,600 | 31,553 | |
Housing Development Finance Corp. Ltd. | 26,959 | 641,212 | |
Indian Energy Exchange Ltd. (b) | 5,281 | 12,632 | |
Larsen & Toubro Ltd. | 19,342 | 235,824 | |
Reliance Industries Ltd. sponsored GDR (b) | 1,900 | 104,690 | |
Shree Cement Ltd. | 1,011 | 292,979 | |
Solar Industries India Ltd. (a) | 14,955 | 202,807 | |
TOTAL INDIA | 1,521,697 | ||
Indonesia - 0.4% | |||
PT Bank Mandiri (Persero) Tbk | 795,334 | 316,106 | |
PT Bank Rakyat Indonesia Tbk | 366,728 | 79,659 | |
TOTAL INDONESIA | 395,765 | ||
Ireland - 0.9% | |||
CRH PLC | 11,338 | 412,800 | |
CRH PLC sponsored ADR | 8,577 | 312,117 | |
FBD Holdings PLC (a) | 500 | 3,911 | |
Ryanair Holdings PLC sponsored ADR (a) | 1,500 | 112,500 | |
TOTAL IRELAND | 841,328 | ||
Israel - 0.9% | |||
Elbit Systems Ltd. (Israel) | 4,392 | 616,566 | |
Ituran Location & Control Ltd. | 1,988 | 26,301 | |
Maytronics Ltd. | 1,900 | 29,011 | |
Strauss Group Ltd. | 2,659 | 75,367 | |
Tel Aviv Stock Exchange Ltd. | 4,200 | 19,218 | |
TOTAL ISRAEL | 766,463 | ||
Italy - 1.5% | |||
Assicurazioni Generali SpA | 11,767 | 175,479 | |
Enel SpA | 73,594 | 674,160 | |
Interpump Group SpA | 8,097 | 264,008 | |
Mediobanca SpA | 25,165 | 203,234 | |
TOTAL ITALY | 1,316,881 | ||
Japan - 12.8% | |||
Ai Holdings Corp. | 1,000 | 13,216 | |
Aoki Super Co. Ltd. | 700 | 19,151 | |
Artnature, Inc. | 1,800 | 9,676 | |
Aucnet, Inc. | 1,100 | 11,722 | |
Azbil Corp. | 14,000 | 464,220 | |
Broadleaf Co. Ltd. | 9,800 | 51,845 | |
Central Automotive Products Ltd. | 500 | 10,014 | |
Century21 Real Estate Japan Ltd. | 300 | 3,191 | |
Curves Holdings Co. Ltd. (a) | 5,400 | 26,170 | |
Daiichikosho Co. Ltd. | 1,500 | 40,315 | |
Daikokutenbussan Co. Ltd. | 800 | 45,043 | |
DENSO Corp. | 5,811 | 214,964 | |
Fanuc Corp. | 3,430 | 578,720 | |
Fujitsu Ltd. | 1,994 | 266,987 | |
Funai Soken Holdings, Inc. | 1,400 | 29,361 | |
GCA Savvian Group Corp. | 1,100 | 5,861 | |
Goldcrest Co. Ltd. | 2,900 | 35,779 | |
Hoya Corp. | 8,293 | 816,334 | |
Ibiden Co. Ltd. | 3,421 | 91,847 | |
Idemitsu Kosan Co. Ltd. | 5,945 | 123,838 | |
Itochu Corp. | 15,386 | 337,358 | |
Iwatsuka Confectionary Co. Ltd. | 100 | 3,406 | |
Kao Corp. | 2,725 | 197,682 | |
Keyence Corp. | 2,400 | 1,002,579 | |
Kobayashi Pharmaceutical Co. Ltd. | 500 | 44,211 | |
Koshidaka Holdings Co. Ltd. | 5,100 | 15,995 | |
Kusuri No Aoki Holdings Co. Ltd. | 600 | 55,831 | |
Lasertec Corp. | 2,200 | 191,205 | |
Medikit Co. Ltd. | 1,000 | 33,206 | |
Minebea Mitsumi, Inc. | 12,934 | 212,109 | |
Miroku Jyoho Service Co., Ltd. | 1,000 | 20,046 | |
Misumi Group, Inc. | 16,750 | 394,639 | |
Mitsubishi Estate Co. Ltd. | 7,830 | 112,480 | |
Mitsubishi UFJ Financial Group, Inc. | 73,825 | 276,646 | |
Mitsuboshi Belting Ltd. | 1,000 | 16,485 | |
Mitsui Fudosan Co. Ltd. | 5,829 | 91,130 | |
Nabtesco Corp. | 4,800 | 143,744 | |
Nagaileben Co. Ltd. | 2,800 | 70,069 | |
Nihon Parkerizing Co. Ltd. | 7,300 | 70,479 | |
NS Tool Co. Ltd. | 1,100 | 25,792 | |
OBIC Co. Ltd. | 2,634 | 470,539 | |
Oracle Corp. Japan | 1,987 | 238,016 | |
ORIX Corp. | 19,913 | 215,361 | |
OSG Corp. | 10,700 | 144,345 | |
Paramount Bed Holdings Co. Ltd. | 1,500 | 63,837 | |
ProNexus, Inc. | 1,987 | 20,855 | |
Recruit Holdings Co. Ltd. | 13,738 | 428,569 | |
San-Ai Oil Co. Ltd. | 3,300 | 26,530 | |
Shin-Etsu Chemical Co. Ltd. | 3,104 | 363,288 | |
Shinsei Bank Ltd. | 14,330 | 161,890 | |
SHO-BOND Holdings Co. Ltd. | 4,620 | 197,710 | |
Shoei Co. Ltd. | 3,100 | 81,823 | |
SK Kaken Co. Ltd. | 140 | 49,596 | |
SoftBank Group Corp. | 4,223 | 266,358 | |
Software Service, Inc. | 500 | 51,391 | |
Sony Corp. | 3,671 | 285,219 | |
Sumitomo Mitsui Financial Group, Inc. | 11,251 | 299,799 | |
Suzuki Motor Corp. | 5,122 | 168,070 | |
Takeda Pharmaceutical Co. Ltd. | 4,213 | 152,792 | |
The Monogatari Corp. | 300 | 20,349 | |
TKC Corp. | 400 | 21,992 | |
Tocalo Co. Ltd. | 2,800 | 31,133 | |
Tokio Marine Holdings, Inc. | 7,020 | 296,419 | |
Tokyo Electron Ltd. | 658 | 182,080 | |
Toyota Motor Corp. | 12,050 | 715,336 | |
USS Co. Ltd. | 18,000 | 267,139 | |
Welcia Holdings Co. Ltd. | 500 | 45,817 | |
Workman Co. Ltd. | 300 | 28,171 | |
Yamada Consulting Group Co. Ltd. | 1,100 | 11,639 | |
Yamato Kogyo Co. Ltd. | 600 | 12,152 | |
TOTAL JAPAN | 11,491,561 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 546,547 | 142,787 | |
Korea (South) - 2.5% | |||
BGF Retail Co. Ltd. | 687 | 71,523 | |
Leeno Industrial, Inc. | 339 | 38,808 | |
Samsung Electronics Co. Ltd. | 34,037 | 1,647,971 | |
Shinhan Financial Group Co. Ltd. | 18,641 | 466,019 | |
TOTAL KOREA (SOUTH) | 2,224,321 | ||
Luxembourg - 0.4% | |||
Globant SA (a) | 1,977 | 341,902 | |
Mexico - 1.7% | |||
CEMEX S.A.B. de CV sponsored ADR | 134,241 | 410,777 | |
Grupo Financiero Banorte S.A.B. de CV Series O (a) | 117,333 | 421,249 | |
Wal-Mart de Mexico SA de CV Series V | 299,573 | 703,064 | |
TOTAL MEXICO | 1,535,090 | ||
Netherlands - 2.5% | |||
Aalberts Industries NV | 2,842 | 101,068 | |
AerCap Holdings NV (a) | 2,658 | 71,580 | |
ASML Holding NV (Netherlands) | 3,585 | 1,274,602 | |
Koninklijke Philips Electronics NV | 4,910 | 253,704 | |
NN Group NV | 4,300 | 157,021 | |
Yandex NV Series A (a) | 7,404 | 426,026 | |
TOTAL NETHERLANDS | 2,284,001 | ||
New Zealand - 0.1% | |||
Auckland International Airport Ltd. | 18,395 | 77,833 | |
Norway - 0.4% | |||
Adevinta ASA Class B (a) | 9,825 | 158,463 | |
Kongsberg Gruppen ASA | 3,386 | 51,189 | |
Medistim ASA (a) | 700 | 18,073 | |
Schibsted ASA (B Shares) | 4,813 | 158,215 | |
Skandiabanken ASA (b) | 2,478 | 17,805 | |
TOTAL NORWAY | 403,745 | ||
Philippines - 0.0% | |||
Jollibee Food Corp. | 6,726 | 18,510 | |
Portugal - 0.1% | |||
Galp Energia SGPS SA Class B | 9,603 | 100,551 | |
Russia - 1.0% | |||
Lukoil PJSC sponsored ADR | 5,348 | 364,199 | |
MMC Norilsk Nickel PJSC sponsored ADR | 3,100 | 81,437 | |
Sberbank of Russia sponsored ADR | 36,416 | 433,897 | |
TOTAL RUSSIA | 879,533 | ||
Singapore - 0.2% | |||
United Overseas Bank Ltd. | 14,251 | 200,647 | |
South Africa - 1.2% | |||
AngloGold Ashanti Ltd. | 12,516 | 408,321 | |
Clicks Group Ltd. | 14,884 | 198,761 | |
Impala Platinum Holdings Ltd. | 54,838 | 484,034 | |
TOTAL SOUTH AFRICA | 1,091,116 | ||
Spain - 1.2% | |||
Amadeus IT Holding SA Class A | 5,418 | 270,549 | |
Banco Santander SA (Spain) | 162,998 | 349,545 | |
Cellnex Telecom SA (b) | 6,280 | 393,696 | |
Fluidra SA (a) | 2,789 | 46,126 | |
Prosegur Compania de Seguridad SA (Reg.) | 4,006 | 10,523 | |
Unicaja Banco SA (b) | 62,488 | 34,625 | |
TOTAL SPAIN | 1,105,064 | ||
Sweden - 2.8% | |||
Addlife AB | 6,208 | 86,966 | |
AddTech AB (B Shares) | 2,423 | 112,757 | |
ASSA ABLOY AB (B Shares) | 27,070 | 597,603 | |
Atlas Copco AB (A Shares) | 11,951 | 526,615 | |
Epiroc AB Class A | 17,012 | 237,864 | |
Ericsson (B Shares) | 33,809 | 393,370 | |
Investor AB (B Shares) | 6,492 | 381,965 | |
INVISIO AB | 1,000 | 18,519 | |
John Mattson Fastighetsforetag (a) | 1,000 | 16,856 | |
Lagercrantz Group AB (B Shares) | 4,890 | 99,022 | |
TOTAL SWEDEN | 2,471,537 | ||
Switzerland - 6.3% | |||
Nestle SA (Reg. S) | 14,109 | 1,677,867 | |
Novartis AG | 11,594 | 954,966 | |
Roche Holding AG (participation certificate) | 3,882 | 1,344,556 | |
Schindler Holding AG: | |||
(participation certificate) | 1,413 | 356,128 | |
(Reg.) | 139 | 34,501 | |
Swiss Life Holding AG | 361 | 131,406 | |
Tecan Group AG | 268 | 112,469 | |
Temenos Group AG | 1,000 | 147,614 | |
UBS Group AG | 29,229 | 341,395 | |
Zurich Insurance Group Ltd. | 1,602 | 592,424 | |
TOTAL SWITZERLAND | 5,693,326 | ||
Taiwan - 4.3% | |||
Addcn Technology Co. Ltd. | 3,000 | 21,661 | |
ECLAT Textile Co. Ltd. | 21,321 | 251,245 | |
MediaTek, Inc. | 29,704 | 709,165 | |
Sporton International, Inc. | 38,246 | 323,688 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 134,516 | 1,953,192 | |
Unified-President Enterprises Corp. | 153,143 | 372,922 | |
Yageo Corp. | 16,216 | 214,836 | |
TOTAL TAIWAN | 3,846,709 | ||
United Kingdom - 5.7% | |||
Alliance Pharma PLC | 34,463 | 32,706 | |
Anglo American PLC (United Kingdom) | 14,192 | 347,433 | |
AstraZeneca PLC (United Kingdom) | 2,452 | 270,896 | |
Avon Rubber PLC | 2,900 | 126,031 | |
BAE Systems PLC | 13,846 | 88,738 | |
Beazley PLC | 17,110 | 93,485 | |
BHP Billiton PLC | 40,718 | 880,463 | |
Bodycote PLC | 2,496 | 18,395 | |
BP PLC | 150,476 | 544,950 | |
Clarkson PLC | 500 | 13,450 | |
Dechra Pharmaceuticals PLC | 4,708 | 176,009 | |
DP Poland PLC (a) | 36,259 | 3,441 | |
Great Portland Estates PLC | 2,795 | 21,571 | |
Hilton Food Group PLC | 368 | 5,308 | |
Howden Joinery Group PLC | 4,470 | 28,689 | |
Imperial Brands PLC | 7,942 | 132,654 | |
InterContinental Hotel Group PLC ADR | 3,317 | 154,672 | |
ITE Group PLC | 11,379 | 11,886 | |
Lloyds Banking Group PLC | 516,105 | 175,843 | |
London Stock Exchange Group PLC | 2,521 | 278,467 | |
Network International Holdings PLC (b) | 24,736 | 130,813 | |
Prudential PLC | 8,509 | 121,600 | |
RELX PLC (London Stock Exchange) | 4,514 | 95,428 | |
Rightmove PLC | 25,254 | 182,254 | |
Royal Dutch Shell PLC Class B sponsored ADR | 6,039 | 170,904 | |
RSA Insurance Group PLC | 30,681 | 172,333 | |
Spectris PLC | 9,133 | 307,126 | |
Spirax-Sarco Engineering PLC | 1,272 | 171,666 | |
Standard Chartered PLC (United Kingdom) | 37,840 | 191,097 | |
Standard Life PLC | 43,935 | 144,007 | |
Ultra Electronics Holdings PLC | 1,426 | 44,463 | |
TOTAL UNITED KINGDOM | 5,136,778 | ||
United States of America - 6.4% | |||
Alphabet, Inc. Class A (a) | 159 | 236,584 | |
Autoliv, Inc. | 2,032 | 132,141 | |
Berkshire Hathaway, Inc. Class B (a) | 1,095 | 214,379 | |
Black Knight, Inc. (a) | 2,856 | 213,972 | |
CME Group, Inc. | 600 | 99,708 | |
Lam Research Corp. | 630 | 237,611 | |
Marsh & McLennan Companies, Inc. | 3,939 | 459,287 | |
Martin Marietta Materials, Inc. | 792 | 164,087 | |
MasterCard, Inc. Class A | 2,425 | 748,185 | |
Moody's Corp. | 1,495 | 420,544 | |
Morningstar, Inc. | 227 | 38,145 | |
MSCI, Inc. | 1,012 | 380,492 | |
NICE Systems Ltd. sponsored ADR (a) | 900 | 184,716 | |
PriceSmart, Inc. | 1,427 | 93,283 | |
ResMed, Inc. | 2,694 | 545,562 | |
S&P Global, Inc. | 1,260 | 441,315 | |
Sherwin-Williams Co. | 644 | 417,260 | |
Visa, Inc. Class A | 3,719 | 708,098 | |
TOTAL UNITED STATES OF AMERICA | 5,735,369 | ||
TOTAL COMMON STOCKS | |||
(Cost $76,741,990) | 86,424,481 | ||
Nonconvertible Preferred Stocks - 1.5% | |||
Brazil - 1.0% | |||
Itau Unibanco Holding SA | 100,332 | 517,186 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 41,288 | 357,967 | |
TOTAL BRAZIL | 875,153 | ||
Germany - 0.5% | |||
Porsche Automobil Holding SE (Germany) | 6,905 | 390,843 | |
Sartorius AG (non-vtg.) | 234 | 89,693 | |
TOTAL GERMANY | 480,536 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS | |||
(Cost $1,534,054) | 1,355,689 | ||
Money Market Funds - 1.8% | |||
Fidelity Cash Central Fund 0.14% (d) | |||
(Cost $1,631,685) | 1,631,347 | 1,631,836 | |
TOTAL INVESTMENT IN SECURITIES - 99.6% | |||
(Cost $79,907,729) | 89,412,006 | ||
NET OTHER ASSETS (LIABILITIES) - 0.4% | 351,051 | ||
NET ASSETS - 100% | $89,763,057 |
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 $1,152,526 or 1.3% of net assets.
(c) Level 3 security
(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.
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 | $10,676 |
Fidelity Securities Lending Cash Central Fund | 512 |
Total | $11,188 |
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 Funds 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.
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.