Quarterly Holdings Report
for
Fidelity® International Small Cap Fund
January 31, 2021
Schedule of Investments January 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 96.6% | |||
Shares | Value | ||
Australia - 3.9% | |||
Flight Centre Travel Group Ltd. (a) | 1,115,576 | $12,004,312 | |
GUD Holdings Ltd. | 1,346,398 | 12,275,787 | |
Imdex Ltd. | 11,211,823 | 13,538,444 | |
Inghams Group Ltd. | 8,738,331 | 21,971,507 | |
Nanosonics Ltd. (b) | 1,887,880 | 9,868,836 | |
National Storage (REIT) unit | 10,079,389 | 14,713,061 | |
Servcorp Ltd. (c) | 5,841,864 | 12,768,883 | |
SomnoMed Ltd. (b) | 3,898,596 | 5,869,619 | |
TOTAL AUSTRALIA | 103,010,449 | ||
Austria - 1.7% | |||
Mayr-Melnhof Karton AG | 99,200 | 19,718,925 | |
Wienerberger AG | 697,000 | 23,717,475 | |
TOTAL AUSTRIA | 43,436,400 | ||
Belgium - 1.5% | |||
Econocom Group SA | 6,613,500 | 20,465,823 | |
Fagron NV | 650,800 | 16,111,478 | |
Kinepolis Group NV (a) | 34,379 | 1,410,157 | |
TOTAL BELGIUM | 37,987,458 | ||
Bermuda - 0.7% | |||
Hiscox Ltd. (b) | 1,388,120 | 17,771,658 | |
Brazil - 0.6% | |||
YDUQS Participacoes SA | 2,516,400 | 15,430,277 | |
Canada - 5.5% | |||
CCL Industries, Inc. Class B | 345,900 | 15,870,149 | |
Computer Modelling Group Ltd. (a) | 1,713,513 | 7,946,144 | |
ECN Capital Corp. | 2,798,200 | 14,879,969 | |
Genesis Land Development Corp. (c) | 2,969,722 | 4,598,279 | |
Lassonde Industries, Inc. Class A (sub. vtg.) | 162,199 | 22,095,848 | |
McCoy Global, Inc. (a)(b) | 1,328,570 | 540,259 | |
North West Co., Inc. | 575,700 | 14,573,145 | |
Open Text Corp. | 567,296 | 25,411,312 | |
Richelieu Hardware Ltd. | 290,500 | 8,512,246 | |
TFI International, Inc. (Canada) | 198,000 | 13,152,000 | |
Total Energy Services, Inc. | 610,400 | 1,479,758 | |
Western Forest Products, Inc. (a) | 13,914,875 | 13,710,845 | |
TOTAL CANADA | 142,769,954 | ||
Cayman Islands - 4.3% | |||
ASM Pacific Technology Ltd. | 969,100 | 14,136,679 | |
Best Pacific International Holdings Ltd. | 22,194,000 | 4,064,809 | |
China Metal Recycling (Holdings) Ltd. (b)(d) | 436,800 | 1 | |
Haitian International Holdings Ltd. | 2,811,000 | 10,169,742 | |
Impro Precision Industries Ltd. (e) | 15,697,300 | 6,377,518 | |
Kangji Medical Holdings Ltd. | 284,000 | 418,312 | |
Kuaishou Technology (b) | 49,900 | 740,141 | |
Microport Cardioflow Medtech Corp. (b) | 140,000 | 220,295 | |
Pico Far East Holdings Ltd. | 56,047,231 | 9,108,375 | |
Precision Tsugami China Corp. Ltd. | 12,908,453 | 14,351,513 | |
SITC International Holdings Co. Ltd. | 7,399,000 | 17,005,795 | |
Tongdao Liepin Group (b) | 1,610,400 | 3,942,268 | |
Value Partners Group Ltd. | 19,272,000 | 12,801,187 | |
Xingda International Holdings Ltd. | 66,561,755 | 18,371,929 | |
TOTAL CAYMAN ISLANDS | 111,708,564 | ||
China - 2.1% | |||
Qingdao Port International Co. Ltd. (H Shares) (e) | 26,985,000 | 15,592,532 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 2,835,595 | 14,496,154 | |
TravelSky Technology Ltd. (H Shares) | 5,318,000 | 11,879,890 | |
Weifu High-Technology Group Co. Ltd. (B Shares) | 7,339,586 | 13,754,772 | |
TOTAL CHINA | 55,723,348 | ||
Denmark - 0.6% | |||
Spar Nord Bank A/S | 1,697,026 | 15,534,243 | |
Finland - 0.3% | |||
Kamux Corp. | 183,904 | 3,053,057 | |
Nanoform Finland PLC | 521,700 | 4,545,723 | |
Olvi PLC (A Shares) | 6,955 | 371,371 | |
TOTAL FINLAND | 7,970,151 | ||
France - 3.5% | |||
Altarea SCA | 95,008 | 15,841,802 | |
Lectra | 459,954 | 13,145,072 | |
Maisons du Monde SA (b)(e) | 931,407 | 16,332,964 | |
The Vicat Group | 421,492 | 18,132,732 | |
Thermador Groupe SA | 212,266 | 18,855,984 | |
Virbac SA (b) | 32,600 | 8,485,991 | |
TOTAL FRANCE | 90,794,545 | ||
Germany - 3.8% | |||
DIC Asset AG | 1,102,513 | 18,651,088 | |
DWS Group GmbH & Co. KGaA (e) | 301,300 | 11,813,913 | |
JOST Werke AG (b)(e) | 505,272 | 25,599,966 | |
Takkt AG | 1,456,530 | 18,276,694 | |
Talanx AG | 696,871 | 26,047,184 | |
TOTAL GERMANY | 100,388,845 | ||
Greece - 0.9% | |||
Mytilineos SA | 1,646,316 | 24,094,514 | |
Hong Kong - 1.5% | |||
Dah Sing Banking Group Ltd. | 9,186,800 | 9,147,402 | |
Far East Horizon Ltd. | 11,712,000 | 12,084,739 | |
Magnificent Hotel Investment Ltd. | 316,412,000 | 4,489,127 | |
Sino Land Ltd. | 10,114,709 | 14,089,428 | |
TOTAL HONG KONG | 39,810,696 | ||
India - 3.5% | |||
Cyient Ltd. | 1,465,166 | 12,178,212 | |
Embassy Office Parks (REIT) | 3,012,800 | 14,528,511 | |
IndusInd Bank Ltd. (b) | 1,332,600 | 15,475,060 | |
L&T Technology Services Ltd. (e) | 399,690 | 13,351,709 | |
Oberoi Realty Ltd. (b) | 2,260,724 | 16,350,378 | |
Shriram Transport Finance Co. Ltd. | 1,102,752 | 19,544,864 | |
TOTAL INDIA | 91,428,734 | ||
Indonesia - 0.6% | |||
PT ACE Hardware Indonesia Tbk | 61,050,100 | 6,788,179 | |
PT Selamat Sempurna Tbk | 112,222,000 | 9,838,422 | |
TOTAL INDONESIA | 16,626,601 | ||
Ireland - 2.4% | |||
Dalata Hotel Group PLC | 3,147,909 | 12,759,284 | |
Irish Residential Properties REIT PLC | 12,360,000 | 21,689,245 | |
Mincon Group PLC (c) | 11,895,744 | 16,168,410 | |
UDG Healthcare PLC (United Kingdom) | 1,162,200 | 12,993,889 | |
TOTAL IRELAND | 63,610,828 | ||
Italy - 2.1% | |||
Banca Farmafactoring SpA (e) | 2,260,300 | 12,466,876 | |
Banca Generali SpA | 442,700 | 13,764,052 | |
MARR SpA | 973,227 | 20,290,604 | |
Recordati SpA | 166,611 | 8,637,590 | |
TOTAL ITALY | 55,159,122 | ||
Japan - 23.6% | |||
Aeon Delight Co. Ltd. | 627,500 | 16,420,617 | |
Amano Corp. | 563,800 | 13,090,473 | |
Arata Corp. | 678,500 | 29,829,515 | |
Arcland Sakamoto Co. Ltd. | 1,741,900 | 24,612,268 | |
Aucnet, Inc. | 379,630 | 4,751,491 | |
Central Automotive Products Ltd. | 374,100 | 9,260,980 | |
Daiichikosho Co. Ltd. | 406,900 | 13,984,820 | |
DaikyoNishikawa Corp. | 2,438,500 | 18,042,269 | |
Daiwa Industries Ltd. | 1,558,100 | 15,395,804 | |
Dexerials Corp. | 1,664,500 | 21,802,415 | |
Dip Corp. | 637,900 | 17,435,751 | |
DTS Corp. | 180,500 | 3,837,639 | |
GMO Internet, Inc. | 503,600 | 14,255,325 | |
Inaba Denki Sangyo Co. Ltd. | 510,000 | 11,904,626 | |
Isuzu Motors Ltd. | 2,268,500 | 21,657,358 | |
Jm Holdings Co. Ltd. | 236,500 | 4,612,817 | |
Maruwa Ceramic Co. Ltd. | 111,000 | 11,614,492 | |
Meitec Corp. | 206,100 | 10,802,320 | |
Minebea Mitsumi, Inc. | 853,100 | 18,887,192 | |
Mitani Shoji Co. Ltd. | 232,000 | 15,039,190 | |
Nihon Parkerizing Co. Ltd. | 1,951,000 | 18,942,833 | |
Nishimoto Co. Ltd. | 548,100 | 13,845,745 | |
NOF Corp. | 292,400 | 14,041,453 | |
NSD Co. Ltd. | 863,200 | 16,531,378 | |
PALTAC Corp. | 242,000 | 12,591,532 | |
Paramount Bed Holdings Co. Ltd. | 306,700 | 13,425,171 | |
Park24 Co. Ltd. | 781,100 | 14,854,658 | |
Persol Holdings Co. Ltd. | 1,705,400 | 31,895,352 | |
Poletowin Pitcrew Holdings, Inc. | 478,900 | 5,303,585 | |
QD Laser, Inc. (b) | 64,100 | 208,067 | |
Renesas Electronics Corp. (b) | 2,573,000 | 29,477,302 | |
Roland Corp. | 461,300 | 16,735,310 | |
S Foods, Inc. | 718,969 | 23,886,697 | |
San-Ai Oil Co. Ltd. | 1,721,300 | 17,682,169 | |
Santen Pharmaceutical Co. Ltd. | 441,700 | 7,299,467 | |
SG Holdings Co. Ltd. | 321,100 | 8,249,368 | |
Shinsei Bank Ltd. | 890,300 | 10,930,601 | |
Ship Healthcare Holdings, Inc. | 268,500 | 15,482,744 | |
Sugi Holdings Co. Ltd. | 212,800 | 13,997,728 | |
TIS, Inc. | 754,600 | 16,785,699 | |
TKC Corp. | 135,400 | 8,906,449 | |
Tsuruha Holdings, Inc. | 65,500 | 8,704,568 | |
TOTAL JAPAN | 617,015,238 | ||
Korea (South) - 0.5% | |||
Hyundai Fire & Marine Insurance Co. Ltd. | 752,216 | 13,384,507 | |
Luxembourg - 1.4% | |||
B&M European Value Retail SA | 1,895,600 | 13,900,516 | |
InPost SA | 118,200 | 2,840,144 | |
Stabilus SA | 252,900 | 18,951,495 | |
TOTAL LUXEMBOURG | 35,692,155 | ||
Mexico - 1.3% | |||
Credito Real S.A.B. de CV (b) | 6,947,800 | 3,579,139 | |
Genomma Lab Internacional SA de CV (b) | 15,167,148 | 15,530,437 | |
Gruma S.A.B. de CV Series B | 811,200 | 8,906,223 | |
Qualitas Controladora S.A.B. de CV | 1,391,602 | 7,312,716 | |
TOTAL MEXICO | 35,328,515 | ||
Netherlands - 4.5% | |||
AerCap Holdings NV (b) | 361,372 | 13,818,865 | |
Amsterdam Commodities NV | 853,255 | 21,123,539 | |
Arcadis NV | 562,958 | 19,743,835 | |
Intertrust NV (e) | 753,700 | 11,579,502 | |
RHI Magnesita NV | 871,191 | 46,314,098 | |
Van Lanschot NV (Bearer) | 174,141 | 4,332,241 | |
TOTAL NETHERLANDS | 116,912,080 | ||
New Zealand - 0.6% | |||
EBOS Group Ltd. | 747,510 | 15,373,539 | |
Norway - 0.1% | |||
Europris ASA (e) | 296,242 | 1,642,109 | |
Panama - 0.6% | |||
Intercorp Financial Services, Inc. | 492,900 | 15,787,587 | |
Philippines - 1.5% | |||
Century Pacific Food, Inc. | 40,266,100 | 14,662,021 | |
Jollibee Food Corp. | 2,088,000 | 7,720,300 | |
Robinsons Land Corp. | 40,225,700 | 15,886,055 | |
TOTAL PHILIPPINES | 38,268,376 | ||
Romania - 0.5% | |||
Banca Transilvania SA | 23,956,569 | 13,689,127 | |
Singapore - 1.9% | |||
Boustead Singapore Ltd. | 12,178,312 | 8,113,374 | |
Hour Glass Ltd. | 13,304,580 | 7,862,161 | |
HRnetgroup Ltd. | 25,158,900 | 10,416,588 | |
Mapletree Industrial (REIT) | 4,984,516 | 10,769,016 | |
Wing Tai Holdings Ltd. | 9,005,500 | 12,880,495 | |
TOTAL SINGAPORE | 50,041,634 | ||
Spain - 2.3% | |||
Catalana Occidente SA | 369,955 | 12,593,297 | |
Cie Automotive SA | 623,500 | 16,434,404 | |
Indra Sistemas SA (b) | 1,652,100 | 14,575,666 | |
Prosegur Compania de Seguridad SA (Reg.) | 5,825,781 | 16,175,877 | |
TOTAL SPAIN | 59,779,244 | ||
Sweden - 3.0% | |||
Dustin Group AB (e) | 2,570,379 | 24,423,261 | |
Granges AB | 1,128,545 | 13,005,623 | |
HEXPOL AB (B Shares) | 1,799,400 | 19,735,410 | |
John Mattson Fastighetsforetag (b) | 690,600 | 11,570,193 | |
Nordnet AB | 523,600 | 8,433,943 | |
TOTAL SWEDEN | 77,168,430 | ||
Taiwan - 3.5% | |||
International Games Systems Co. Ltd. | 497,000 | 13,768,591 | |
King's Town Bank | 4,838,000 | 6,554,643 | |
Lumax International Corp. Ltd. | 4,827,600 | 11,219,762 | |
Sporton International, Inc. | 1,141,740 | 10,556,948 | |
Test Research, Inc. | 7,452,000 | 14,765,128 | |
Tripod Technology Corp. | 3,453,000 | 15,840,580 | |
Yageo Corp. | 631,000 | 12,930,420 | |
Yung Chi Paint & Varnish Manufacturing Co. Ltd. | 2,538,000 | 6,342,508 | |
TOTAL TAIWAN | 91,978,580 | ||
Thailand - 0.8% | |||
Star Petroleum Refining PCL | 67,656,600 | 20,118,401 | |
United Kingdom - 11.0% | |||
Alliance Pharma PLC | 17,536,994 | 20,808,518 | |
Anhui Heli Co. Ltd. ELS (UBS AG London Branch Bank Warrant Program) Class A warrants 1/21/22 (b)(e) | 7,556,356 | 15,600,021 | |
Bodycote PLC | 1,038,617 | 10,011,235 | |
Bytes Technology Group PLC | 1,809,400 | 8,924,938 | |
Dart Group PLC | 760,800 | 13,749,389 | |
Dechra Pharmaceuticals PLC | 70,195 | 3,468,167 | |
Hyve Group PLC | 7,233,042 | 10,138,291 | |
Informa PLC (b) | 1,836,386 | 12,570,557 | |
J.D. Weatherspoon PLC (b) | 1,281,600 | 20,211,379 | |
John Wood Group PLC | 4,879,500 | 19,588,945 | |
Luxfer Holdings PLC sponsored | 1,078,459 | 17,762,220 | |
McColl's Retail Group PLC (b)(c) | 9,402,129 | 3,413,817 | |
Mears Group PLC (b)(c) | 7,921,714 | 16,715,062 | |
Moneysupermarket.com Group PLC | 1,645,268 | 6,041,427 | |
On The Beach Group PLC (e) | 2,519,300 | 11,373,743 | |
Reach PLC (b) | 368,490 | 969,382 | |
Savills PLC | 1,085,200 | 15,656,918 | |
Stock Spirits Group PLC | 233,366 | 872,908 | |
Ten Entertainment Group PLC (c) | 5,588,511 | 15,697,052 | |
Ultra Electronics Holdings PLC | 522,681 | 14,301,543 | |
Victrex PLC | 377,100 | 12,111,063 | |
Vistry Group PLC | 1,477,497 | 17,065,629 | |
Volution Group PLC (b) | 4,968,442 | 19,877,931 | |
TOTAL UNITED KINGDOM | 286,930,135 | ||
TOTAL COMMON STOCKS | |||
(Cost $2,129,105,148) | 2,522,366,044 | ||
Money Market Funds - 4.4% | |||
Fidelity Cash Central Fund 0.09% (f) | 106,450,056 | 106,471,346 | |
Fidelity Securities Lending Cash Central Fund 0.09% (f)(g) | 9,026,308 | 9,027,210 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $115,493,797) | 115,498,556 | ||
TOTAL INVESTMENT IN SECURITIES - 101.0% | |||
(Cost $2,244,598,945) | 2,637,864,600 | ||
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (25,133,133) | ||
NET ASSETS - 100% | $2,612,731,467 |
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) Level 3 security
(e) 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 $166,154,114 or 6.4% of net assets.
(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 | $25,204 |
Fidelity Securities Lending Cash Central Fund | 16,230 |
Total | $41,434 |
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 |
Genesis Land Development Corp. | $3,120,627 | $-- | $-- | $293,303 | $-- | $1,477,652 | $4,598,279 |
McColl's Retail Group PLC | 2,550,109 | -- | 72,312 | -- | (666,725) | 1,602,745 | 3,413,817 |
Mears Group PLC | 9,949,193 | 1,297,821 | -- | -- | -- | 5,468,048 | 16,715,062 |
Mincon Group PLC | 12,191,853 | -- | -- | -- | -- | 3,976,557 | 16,168,410 |
Servcorp Ltd. | 10,031,922 | 182,557 | -- | -- | -- | 2,554,404 | 12,768,883 |
Ten Entertainment Group PLC | 9,701,487 | -- | -- | -- | -- | 5,995,565 | 15,697,052 |
Total | $47,545,191 | $1,480,378 | $72,312 | $293,303 | $(666,725) | $21,074,971 | $69,361,503 |
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.
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