NPORT-EX 2 QTLY_1978_20200731.htm

Quarterly Holdings Report
for

Fidelity® Total International Equity Fund

July 31, 2020







TIE-QTLY-0920
1.863105.112





Schedule of Investments July 31, 2020 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 97.4%   
 Shares Value 
Australia - 1.5%   
Beacon Lighting Group Ltd. 8,420 $6,677 
Commonwealth Bank of Australia 4,645 236,286 
CSL Ltd. 3,952 762,629 
Evolution Mining Ltd. 24,904 104,977 
Imdex Ltd. 12,596 11,924 
Kogan.Com Ltd. 1,400 16,664 
Macquarie Group Ltd. 2,764 243,861 
TOTAL AUSTRALIA  1,383,018 
Austria - 0.2%   
Erste Group Bank AG 8,985 200,035 
Bailiwick of Jersey - 1.0%   
Experian PLC 13,470 470,509 
Ferguson PLC 1,800 158,676 
Glencore Xstrata PLC 102,398 234,344 
Integrated Diagnostics Holdings PLC (a)(b) 7,500 30,150 
TOTAL BAILIWICK OF JERSEY  893,679 
Belgium - 0.9%   
Barco NV 2,604 51,201 
KBC Ancora (a) 1,176 39,425 
KBC Groep NV 9,204 524,779 
UCB SA 1,700 217,974 
TOTAL BELGIUM  833,379 
Bermuda - 0.3%   
Shangri-La Asia Ltd. 324,000 234,107 
Brazil - 1.0%   
BM&F BOVESPA SA 30,247 367,843 
Suzano Papel e Celulose SA (a) 60,800 489,519 
TOTAL BRAZIL  857,362 
Canada - 6.6%   
Alimentation Couche-Tard, Inc. Class B (sub. vtg.) 21,898 761,023 
Canadian National Railway Co. 7,036 687,290 
Canadian Pacific Railway Ltd. 4,507 1,239,497 
Constellation Software, Inc. 672 794,876 
Franco-Nevada Corp. 5,734 916,532 
McCoy Global, Inc. (a) 7,000 2,012 
New Look Vision Group, Inc. 1,300 28,631 
Nutrien Ltd. 8,506 277,003 
Richelieu Hardware Ltd. 1,814 44,962 
Suncor Energy, Inc. 14,294 224,849 
The Toronto-Dominion Bank 17,000 752,242 
Waste Connection, Inc. (Canada) 2,700 275,957 
TOTAL CANADA  6,004,874 
Cayman Islands - 7.1%   
Airtac International Group 12,000 250,937 
Alibaba Group Holding Ltd. 1,100 34,514 
Alibaba Group Holding Ltd. sponsored ADR (a) 6,627 1,663,510 
Bilibili, Inc. ADR (a) 5,300 230,974 
JD.com, Inc. sponsored ADR (a) 7,732 493,224 
Li Ning Co. Ltd. 171,000 550,488 
Sunny Optical Technology Group Co. Ltd. 22,300 419,799 
Tencent Holdings Ltd. 41,100 2,819,383 
TOTAL CAYMAN ISLANDS  6,462,829 
China - 4.6%   
AVIC Jonhon OptronicTechnology Co. Ltd. 52,850 329,974 
C&S Paper Co. Ltd. (A Shares) 68,700 240,420 
China Life Insurance Co. Ltd. (H Shares) 182,000 417,492 
China Merchants Bank Co. Ltd. (H Shares) 139,000 648,343 
Haier Smart Home Co. Ltd. (A Shares) (c) 395,100 1,019,591 
Hualan Biological Engineer, Inc. (A Shares) 50,200 467,300 
Industrial & Commercial Bank of China Ltd. (H Shares) 1,027,000 601,762 
Shenzhen Inovance Technology Co. Ltd. (A Shares) 55,500 399,910 
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) 8,334 28,341 
TOTAL CHINA  4,153,133 
Cyprus - 0.0%   
Headhunter Group PLC ADR 600 12,024 
Denmark - 0.7%   
A.P. Moller - Maersk A/S Series B 179 230,450 
Ambu A/S Series B 528 18,366 
Netcompany Group A/S (a)(b) 1,087 78,064 
ORSTED A/S (b) 1,417 201,958 
SimCorp A/S 487 56,699 
Spar Nord Bank A/S 3,126 25,763 
TOTAL DENMARK  611,300 
Finland - 0.6%   
Admicom OYJ 130 11,699 
Kone OYJ (B Shares) 3,549 281,100 
Sampo Oyj (A Shares) 5,366 193,950 
Tikkurila Oyj 4,480 72,614 
TOTAL FINLAND  559,363 
France - 6.3%   
ALTEN (a) 531 41,408 
Atos Origin SA (a) 2,246 191,547 
AXA SA 24,934 500,268 
BNP Paribas SA (a) 13,072 525,308 
Capgemini SA 1,742 224,693 
Edenred SA 4,879 242,130 
Laurent-Perrier Group SA 259 22,882 
Lectra 700 14,809 
Legrand SA 3,586 277,407 
LVMH Moet Hennessy Louis Vuitton SE 1,396 607,041 
Natixis SA (a) 24,394 59,050 
Safran SA (a) 2,225 236,633 
Sanofi SA 9,200 965,973 
SR Teleperformance SA 1,056 307,620 
Total SA 18,297 692,426 
Vetoquinol SA 600 48,626 
VINCI SA 3,890 334,793 
Vivendi SA 9,312 247,107 
Worldline SA (a)(b) 1,812 155,217 
TOTAL FRANCE  5,694,938 
Germany - 6.9%   
Bayer AG 6,392 424,643 
CompuGroup Medical AG 1,098 95,840 
CTS Eventim AG 1,347 53,186 
Deutsche Borse AG 1,820 331,442 
Hannover Reuck SE 1,859 314,019 
HeidelbergCement AG 3,832 212,658 
Infineon Technologies AG 9,005 229,586 
Linde PLC 4,951 1,205,481 
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 1,132 300,063 
Nexus AG 1,420 70,755 
Rheinmetall AG 1,600 151,230 
SAP SE 8,565 1,352,014 
Siemens AG 6,421 818,267 
Vonovia SE 10,927 710,247 
TOTAL GERMANY  6,269,431 
Hong Kong - 3.5%   
AIA Group Ltd. 106,024 956,012 
China Resources Beer Holdings Co. Ltd. 142,000 987,549 
CNOOC Ltd. sponsored ADR 3,918 413,937 
Hong Kong Exchanges and Clearing Ltd. 10,000 477,659 
Sun Art Retail Group Ltd. 243,000 337,365 
TOTAL HONG KONG  3,172,522 
Hungary - 1.0%   
Richter Gedeon PLC 37,300 864,359 
India - 1.7%   
Embassy Office Parks (REIT) 7,200 34,421 
Housing Development Finance Corp. Ltd. 27,677 658,289 
Indian Energy Exchange Ltd. (b) 5,473 13,091 
Larsen & Toubro Ltd. 20,000 243,847 
Reliance Industries Ltd. sponsored GDR (b) 1,900 104,690 
Shree Cement Ltd. 1,021 295,877 
Solar Industries India Ltd. (a) 15,500 210,198 
TOTAL INDIA  1,560,413 
Indonesia - 0.5%   
PT Bank Mandiri (Persero) Tbk 824,900 327,857 
PT Bank Rakyat Indonesia Tbk 386,354 83,922 
TOTAL INDONESIA  411,779 
Ireland - 0.9%   
CRH PLC 11,685 425,434 
CRH PLC sponsored ADR 7,728 281,222 
FBD Holdings PLC (a) 1,972 15,424 
Ryanair Holdings PLC sponsored ADR (a) 1,529 114,675 
TOTAL IRELAND  836,755 
Israel - 0.9%   
Elbit Systems Ltd. (Israel) 4,563 640,572 
Ituran Location & Control Ltd. 2,161 28,590 
Maytronics Ltd. 2,000 30,538 
Strauss Group Ltd. 2,755 78,088 
Tel Aviv Stock Exchange Ltd. 7,200 32,945 
TOTAL ISRAEL  810,733 
Italy - 1.5%   
Assicurazioni Generali SpA 12,109 180,580 
Enel SpA 76,012 696,310 
Interpump Group SpA 7,462 243,303 
Mediobanca SpA 26,378 213,030 
TOTAL ITALY  1,333,223 
Japan - 13.0%   
Ai Holdings Corp. 1,100 14,538 
Aoki Super Co. Ltd. 1,000 27,358 
Artnature, Inc. 2,000 10,751 
Aucnet, Inc. 1,300 13,853 
Azbil Corp. 13,800 457,588 
Broadleaf Co. Ltd. 10,200 53,961 
Central Automotive Products Ltd. 1,000 20,027 
Curves Holdings Co. Ltd. (a) 6,600 31,985 
Daiichikosho Co. Ltd. 1,600 43,002 
Daikokutenbussan Co. Ltd. 700 39,412 
DENSO Corp. 6,023 222,806 
Fanuc Corp. 3,587 605,210 
Fujitsu Ltd. 1,948 260,828 
Funai Soken Holdings, Inc. 1,450 30,410 
GCA Savvian Group Corp. 1,100 5,861 
Goldcrest Co. Ltd. 2,960 36,519 
Hoya Corp. 8,414 828,245 
Ibiden Co. Ltd. 3,291 88,357 
Idemitsu Kosan Co. Ltd. 6,232 129,817 
Itochu Corp. 15,953 349,791 
Kao Corp. 2,822 204,719 
Keyence Corp. 2,184 912,347 
Kobayashi Pharmaceutical Co. Ltd. 550 48,633 
Koshidaka Holdings Co. Ltd. 6,200 19,445 
Kusuri No Aoki Holdings Co. Ltd. 500 46,526 
Lasertec Corp. 2,000 173,823 
Medikit Co. Ltd. 1,200 39,847 
Minebea Mitsumi, Inc. 13,403 219,801 
Miroku Jyoho Service Co., Ltd. 1,100 22,051 
Misumi Group, Inc. 18,500 435,870 
Mitsubishi Estate Co. Ltd. 8,208 117,910 
Mitsubishi UFJ Financial Group, Inc. 76,549 286,854 
Mitsuboshi Belting Ltd. 1,500 24,727 
Mitsui Fudosan Co. Ltd. 6,111 95,539 
Nabtesco Corp. 4,500 134,760 
Nagaileben Co. Ltd. 2,900 72,572 
Nihon Parkerizing Co. Ltd. 7,600 73,376 
NS Tool Co. Ltd. 1,200 28,137 
OBIC Co. Ltd. 2,552 455,891 
Oracle Corp. Japan 1,942 232,625 
ORIX Corp. 20,599 222,781 
OSG Corp. 10,500 141,647 
Paramount Bed Holdings Co. Ltd. 1,600 68,093 
ProNexus, Inc. 2,100 22,041 
Recruit Holdings Co. Ltd. 15,018 468,499 
San-Ai Oil Co. Ltd. 3,200 25,726 
Shin-Etsu Chemical Co. Ltd. 3,193 373,705 
Shinsei Bank Ltd. 14,798 167,177 
SHO-BOND Holdings Co. Ltd. 6,780 290,146 
Shoei Co. Ltd. 3,900 102,939 
SK Kaken Co. Ltd. 120 42,511 
SoftBank Group Corp. 4,408 278,026 
Software Service, Inc. 400 41,113 
Sony Corp. 3,824 297,106 
Sumitomo Mitsui Financial Group, Inc. 11,848 315,707 
Suzuki Motor Corp. 5,293 173,681 
Takeda Pharmaceutical Co. Ltd. 4,357 158,014 
Techno Medica Co. Ltd. 500 8,176 
The Monogatari Corp. 280 18,992 
TKC Corp. 300 16,494 
Tocalo Co. Ltd. 2,800 31,133 
Tokio Marine Holdings, Inc. 7,221 304,906 
Tokyo Electron Ltd. 663 183,464 
Toyota Motor Corp. 12,450 739,081 
USS Co. Ltd. 15,500 230,036 
Welcia Holdings Co. Ltd. 600 54,981 
Workman Co. Ltd. 300 28,171 
Yamato Kogyo Co. Ltd. 600 12,152 
TOTAL JAPAN  11,732,270 
Kenya - 0.1%   
Safaricom Ltd. 481,234 125,724 
Korea (South) - 2.5%   
BGF Retail Co. Ltd. 140 14,575 
Leeno Industrial, Inc. 269 30,795 
Samsung Electronics Co. Ltd. 35,009 1,695,032 
Shinhan Financial Group Co. Ltd. 19,530 488,243 
TOTAL KOREA (SOUTH)  2,228,645 
Luxembourg - 0.4%   
Globant SA (a) 2,100 363,174 
Mexico - 1.8%   
CEMEX S.A.B. de CV sponsored ADR 145,400 444,924 
Grupo Financiero Banorte S.A.B. de CV Series O (a) 127,400 457,392 
Wal-Mart de Mexico SA de CV Series V 311,800 731,760 
TOTAL MEXICO  1,634,076 
Netherlands - 2.4%   
Aalberts Industries NV 3,100 110,243 
AerCap Holdings NV (a) 2,757 74,246 
ASML Holding NV (Netherlands) 3,136 1,114,966 
Koninklijke Philips Electronics NV 5,091 263,056 
NN Group NV 4,400 160,672 
Yandex NV Series A (a) 7,700 443,058 
TOTAL NETHERLANDS  2,166,241 
New Zealand - 0.1%   
Auckland International Airport Ltd. 17,253 73,001 
Norway - 0.4%   
Adevinta ASA Class B (a) 8,665 139,754 
Kongsberg Gruppen ASA 3,509 53,048 
Medistim ASA (a) 800 20,655 
Schibsted ASA (B Shares) 4,896 160,943 
Skandiabanken ASA (b) 3,800 27,304 
TOTAL NORWAY  401,704 
Philippines - 0.0%   
Jollibee Food Corp. 6,971 19,184 
Portugal - 0.1%   
Galp Energia SGPS SA Class B 10,067 105,410 
Russia - 1.0%   
Lukoil PJSC sponsored ADR 5,600 381,360 
MMC Norilsk Nickel PJSC sponsored ADR 3,200 84,064 
Sberbank of Russia sponsored ADR 37,700 449,196 
TOTAL RUSSIA  914,620 
Singapore - 0.2%   
United Overseas Bank Ltd. 14,757 207,771 
South Africa - 1.2%   
AngloGold Ashanti Ltd. 13,000 424,111 
Clicks Group Ltd. 13,572 181,241 
Impala Platinum Holdings Ltd. 56,863 501,908 
TOTAL SOUTH AFRICA  1,107,260 
Spain - 1.3%   
Amadeus IT Holding SA Class A 5,865 292,870 
Banco Santander SA (Spain) 169,011 362,439 
Cellnex Telecom SA (b) 6,339 397,395 
Fluidra SA (a) 2,876 47,564 
Prosegur Compania de Seguridad SA (Reg.) 4,241 11,140 
Unicaja Banco SA (b) 64,431 35,702 
TOTAL SPAIN  1,147,110 
Sweden - 2.6%   
Addlife AB 7,256 101,647 
AddTech AB (B Shares) 3,000 139,608 
ASSA ABLOY AB (B Shares) 23,240 513,051 
Atlas Copco AB (A Shares) 11,130 490,438 
Epiroc AB Class A 15,843 221,519 
Ericsson (B Shares) 33,042 384,446 
Investor AB (B Shares) 6,731 396,027 
INVISIO AB 1,100 20,371 
John Mattson Fastighetsforetag (a) 1,200 20,227 
Lagercrantz Group AB (B Shares) 5,068 102,626 
TOTAL SWEDEN  2,389,960 
Switzerland - 6.7%   
Nestle SA (Reg. S) 14,740 1,752,907 
Novartis AG 12,045 992,114 
Roche Holding AG (participation certificate) 4,522 1,566,224 
Schindler Holding AG:   
(participation certificate) 1,266 319,078 
(Reg.) 117 29,041 
Swiss Life Holding AG 374 136,138 
Tecan Group AG 277 116,246 
Temenos Group AG 1,260 185,993 
UBS Group AG 30,119 351,790 
Zurich Insurance Group Ltd. 1,653 611,284 
TOTAL SWITZERLAND  6,060,815 
Taiwan - 4.3%   
Addcn Technology Co. Ltd. 3,772 27,235 
ECLAT Textile Co. Ltd. 22,000 259,247 
MediaTek, Inc. 31,000 740,106 
Sporton International, Inc. 40,000 338,533 
Taiwan Semiconductor Manufacturing Co. Ltd. 130,035 1,888,127 
Unified-President Enterprises Corp. 159,000 387,184 
Yageo Corp. 16,000 211,975 
TOTAL TAIWAN  3,852,407 
United Kingdom - 5.9%   
Alliance Pharma PLC 35,718 33,897 
Anglo American PLC (United Kingdom) 14,705 359,992 
AstraZeneca PLC (United Kingdom) 2,542 280,839 
Avon Rubber PLC 3,095 134,505 
BAE Systems PLC 16,227 103,997 
Beazley PLC 17,995 98,320 
BHP Billiton PLC 42,106 910,476 
Bodycote PLC 3,086 22,743 
BP PLC 154,301 558,802 
Clarkson PLC 700 18,830 
Dechra Pharmaceuticals PLC 5,036 188,271 
DP Poland PLC (a) 52,800 5,011 
Great Portland Estates PLC 2,896 22,351 
Hilton Food Group PLC 1,854 26,744 
Howden Joinery Group PLC 4,647 29,825 
Imperial Brands PLC 8,170 136,462 
InterContinental Hotel Group PLC ADR 2,781 129,678 
ITE Group PLC 13,942 14,564 
Lloyds Banking Group PLC 532,668 181,486 
London Stock Exchange Group PLC 2,750 303,762 
Network International Holdings PLC (b) 26,387 139,544 
Prudential PLC 7,620 108,896 
RELX PLC (London Stock Exchange) 4,574 96,696 
Rightmove PLC 24,772 178,776 
Royal Dutch Shell PLC Class B sponsored ADR 6,177 174,809 
RSA Insurance Group PLC 31,813 178,691 
Spectris PLC 9,632 323,907 
Spirax-Sarco Engineering PLC 1,318 177,875 
Standard Chartered PLC (United Kingdom) 39,180 197,864 
Standard Life PLC 45,233 148,262 
Ultra Electronics Holdings PLC 1,477 46,053 
TOTAL UNITED KINGDOM  5,331,928 
United States of America - 5.7%   
Alphabet, Inc. Class A (a) 145 215,753 
Autoliv, Inc. 1,895 123,232 
Berkshire Hathaway, Inc. Class B (a) 1,089 213,204 
Black Knight, Inc. (a) 2,793 209,252 
CME Group, Inc. 600 99,708 
Lam Research Corp. 568 214,227 
Marsh & McLennan Companies, Inc. 3,642 424,657 
Martin Marietta Materials, Inc. 652 135,081 
MasterCard, Inc. Class A 1,844 568,929 
Moody's Corp. 1,424 400,571 
Morningstar, Inc. 235 39,489 
MSCI, Inc. 1,063 399,667 
NICE Systems Ltd. sponsored ADR (a) 1,000 205,240 
PriceSmart, Inc. 1,379 90,145 
ResMed, Inc. 2,365 478,936 
S&P Global, Inc. 1,174 411,194 
Sherwin-Williams Co. 620 401,710 
Visa, Inc. Class A 2,921 556,158 
TOTAL UNITED STATES OF AMERICA  5,187,153 
TOTAL COMMON STOCKS   
(Cost $71,707,080)  88,207,709 
Nonconvertible Preferred Stocks - 1.6%   
Brazil - 1.0%   
Itau Unibanco Holding SA 104,455 538,439 
Petroleo Brasileiro SA - Petrobras sponsored ADR 42,767 370,790 
TOTAL BRAZIL  909,229 
Germany - 0.6%   
Porsche Automobil Holding SE (Germany) 7,156 405,051 
Sartorius AG (non-vtg.) 220 84,327 
TOTAL GERMANY  489,378 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $1,598,610)  1,398,607 
Money Market Funds - 1.0%   
Fidelity Cash Central Fund 0.14% (d)   
(Cost $927,781) 927,580 927,858 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $74,233,471)  90,534,174 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (7,580) 
NET ASSETS - 100%  $90,526,594 

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 $1,183,115 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 $5,950 
Fidelity Securities Lending Cash Central Fund 562 
Total $6,512 

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.

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.