NPORT-EX 2 QTLY_1135_20220131.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® International Small Cap Fund
January 31, 2022
ISC-NPRT1-0422
1.813082.117
Common Stocks - 96.3%
 
 
Shares
Value ($)
 
Australia - 3.3%
 
 
 
GUD Holdings Ltd.
 
3,061,204
26,780,763
Imdex Ltd.
 
6,534,507
13,670,504
Inghams Group Ltd.
 
12,149,847
28,285,731
Nanosonics Ltd. (a)
 
1,887,880
6,862,073
National Storage REIT unit
 
10,282,389
18,025,698
Servcorp Ltd. (b)
 
7,066,585
17,291,991
SomnoMed Ltd. (a)(b)
 
4,189,521
6,276,607
TOTAL AUSTRALIA
 
 
117,193,367
Austria - 1.4%
 
 
 
Mayr-Melnhof Karton AG
 
125,700
24,455,320
Wienerberger AG
 
732,300
26,514,419
TOTAL AUSTRIA
 
 
50,969,739
Belgium - 1.2%
 
 
 
Econocom Group SA
 
5,213,695
20,849,883
Fagron NV
 
1,373,400
23,608,569
TOTAL BELGIUM
 
 
44,458,452
Bermuda - 0.9%
 
 
 
Hiscox Ltd.
 
2,465,848
32,412,036
Brazil - 1.4%
 
 
 
Hypermarcas SA
 
4,546,800
26,638,095
YDUQS Participacoes SA
 
5,269,200
21,939,702
TOTAL BRAZIL
 
 
48,577,797
Canada - 4.6%
 
 
 
CCL Industries, Inc. Class B
 
329,900
17,248,282
Computer Modelling Group Ltd.
 
2,172,763
8,170,403
ECN Capital Corp.
 
2,153,600
9,047,102
Genesis Land Development Corp. (b)
 
4,033,799
7,266,963
Lassonde Industries, Inc. Class A (sub. vtg.)
 
162,199
19,522,831
McCoy Global, Inc. (a)(c)
 
1,328,570
773,427
North West Co., Inc.
 
649,700
17,914,475
Open Text Corp.
 
725,996
34,747,745
Richelieu Hardware Ltd.
 
289,400
11,378,840
Total Energy Services, Inc. (a)
 
595,800
3,196,598
VerticalScope Holdings, Inc.
 
677,619
13,326,889
Western Forest Products, Inc.
 
13,309,175
21,149,773
TOTAL CANADA
 
 
163,743,328
Cayman Islands - 2.3%
 
 
 
ASM Pacific Technology Ltd.
 
2,282,600
22,837,323
Best Pacific International Holdings Ltd.
 
22,196,000
6,628,525
China Metal Recycling (Holdings) Ltd. (a)(d)
 
436,800
1
Impro Precision Industries Ltd. (e)
 
17,756,300
4,394,023
Medlive Technology Co. Ltd. (e)
 
105,000
170,480
Pico Far East Holdings Ltd.
 
61,300,071
10,174,210
Precision Tsugami China Corp. Ltd.
 
8,354,453
10,748,516
Value Partners Group Ltd.
 
22,441,000
11,067,525
Xingda International Holdings Ltd.
 
75,499,631
16,583,614
TOTAL CAYMAN ISLANDS
 
 
82,604,217
China - 2.6%
 
 
 
Qingdao Port International Co. Ltd. (H Shares) (e)
 
33,596,000
18,231,434
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares)
 
4,935,779
25,486,668
Sinopharm Group Co. Ltd. (H Shares)
 
6,719,200
15,029,476
TravelSky Technology Ltd. (H Shares)
 
10,681,000
20,016,654
Weifu High-Technology Group Co. Ltd. (B Shares)
 
7,043,386
14,077,673
TOTAL CHINA
 
 
92,841,905
Denmark - 0.7%
 
 
 
Spar Nord Bank A/S
 
1,840,375
26,465,380
Finland - 1.7%
 
 
 
Huhtamaki Oyj
 
478,900
18,880,015
Kamux Corp. (c)
 
1,473,700
18,864,226
Nanoform Finland PLC (a)
 
797,822
5,014,466
Rovio Entertainment OYJ (e)
 
2,372,300
18,711,063
TOTAL FINLAND
 
 
61,469,770
France - 3.4%
 
 
 
Altarea SCA (c)
 
99,557
17,744,054
Antin Infrastructure Partners SA
 
295,992
9,010,785
Elior SA (a)(e)
 
2,383,400
14,376,962
Lectra
 
420,654
18,060,143
Maisons du Monde SA (e)
 
966,407
22,065,415
Thermador Groupe SA
 
193,366
21,219,496
Vicat SA
 
466,192
19,319,122
TOTAL FRANCE
 
 
121,795,977
Germany - 4.9%
 
 
 
DIC Asset AG
 
1,374,700
23,647,755
DWS Group GmbH & Co. KGaA (e)
 
217,600
8,759,253
JOST Werke AG (e)
 
404,320
20,306,855
NORMA Group AG
 
605,785
22,000,603
Rheinmetall AG
 
340,325
35,580,912
Takkt AG
 
1,410,212
23,874,815
Talanx AG
 
870,167
41,647,253
TOTAL GERMANY
 
 
175,817,446
Greece - 0.7%
 
 
 
Mytilineos SA
 
1,472,216
25,184,592
Hong Kong - 1.5%
 
 
 
Chervon Holdings Ltd. (a)
 
2,411,400
17,426,544
Far East Horizon Ltd.
 
20,923,000
18,041,806
Magnificent Hotel Investment Ltd. (a)
 
316,412,000
5,117,516
Sino Land Ltd.
 
11,172,907
14,476,675
TOTAL HONG KONG
 
 
55,062,541
India - 2.9%
 
 
 
Barbeque Nation Hospitality Ltd. (a)
 
741,837
13,830,928
Cyient Ltd.
 
1,192,866
15,095,072
Embassy Office Parks (REIT)
 
4,940,200
24,465,922
IndusInd Bank Ltd.
 
2,109,700
24,920,493
L&T Technology Services Ltd. (e)
 
102,890
6,526,131
MedPlus Health Services Ltd.
 
143,105
2,102,024
Shriram Transport Finance Co. Ltd.
 
1,020,052
16,948,204
TOTAL INDIA
 
 
103,888,774
Indonesia - 0.9%
 
 
 
PT ACE Hardware Indonesia Tbk
 
98,215,000
8,457,710
PT Avia Avian (a)
 
200,607,200
12,244,404
PT Selamat Sempurna Tbk
 
143,601,100
13,199,914
TOTAL INDONESIA
 
 
33,902,028
Ireland - 2.3%
 
 
 
Adient PLC (a)
 
582,400
24,443,328
Dalata Hotel Group PLC (a)
 
3,149,638
15,023,594
Irish Residential Properties REIT PLC
 
13,287,900
25,020,662
Mincon Group PLC (b)
 
12,329,844
18,206,084
TOTAL IRELAND
 
 
82,693,668
Italy - 2.0%
 
 
 
Banca Generali SpA
 
413,800
16,666,026
BFF Bank SpA (e)
 
2,448,400
18,720,331
MARR SpA
 
960,627
20,463,896
MARR SpA
 
25,200
536,620
Recordati SpA
 
289,711
16,229,749
TOTAL ITALY
 
 
72,616,622
Japan - 19.3%
 
 
 
Aeon Delight Co. Ltd.
 
540,500
14,628,773
Amano Corp.
 
936,450
18,784,637
Arata Corp.
 
678,500
23,701,441
Arcland Sakamoto Co. Ltd.
 
1,748,534
23,881,178
ASKUL Corp.
 
240,300
2,932,789
Capcom Co. Ltd.
 
800,000
19,312,605
Central Automotive Products Ltd.
 
374,100
8,165,628
Daiichikosho Co. Ltd.
 
436,000
12,354,547
DaikyoNishikawa Corp.
 
2,516,700
13,009,315
Dexerials Corp.
 
763,200
20,986,237
Dip Corp.
 
512,900
16,238,129
GMO Internet, Inc.
 
1,079,600
23,098,703
Inaba Denki Sangyo Co. Ltd.
 
698,800
16,194,111
Isuzu Motors Ltd.
 
2,253,100
27,600,481
LIXIL Group Corp.
 
899,400
20,587,405
Maruwa Ceramic Co. Ltd.
 
210,700
27,722,172
Meitec Corp.
 
298,900
17,510,952
Minebea Mitsumi, Inc.
 
854,500
20,910,121
Mitani Shoji Co. Ltd.
 
870,800
14,710,986
Nihon Parkerizing Co. Ltd.
 
2,105,400
19,084,970
Nishimoto Co. Ltd.
 
560,400
14,120,732
NSD Co. Ltd.
 
1,301,300
22,226,038
PALTAC Corp.
 
620,500
23,782,029
Park24 Co. Ltd. (a)
 
1,152,600
17,435,637
Persol Holdings Co. Ltd.
 
898,500
23,195,511
Renesas Electronics Corp. (a)
 
3,367,500
38,648,167
Roland Corp.
 
527,800
20,133,309
S Foods, Inc.
 
1,104,523
33,927,999
San-Ai Oil Co. Ltd.
 
2,065,100
16,830,081
Ship Healthcare Holdings, Inc.
 
765,200
17,174,804
Sugi Holdings Co. Ltd.
 
365,100
21,418,484
Sumco Corp.
 
1,117,000
20,593,116
TIS, Inc.
 
978,400
25,732,568
TKC Corp.
 
286,800
7,536,543
Tsuruha Holdings, Inc.
 
177,200
14,272,465
Yamato Holdings Co. Ltd.
 
750,000
15,970,687
TOTAL JAPAN
 
 
694,413,350
Korea (South) - 1.7%
 
 
 
Hyundai Fire & Marine Insurance Co. Ltd.
 
755,976
16,082,012
Soulbrain Co. Ltd.
 
130,241
26,978,411
Vitzrocell Co. Ltd. (b)
 
1,472,541
17,479,509
TOTAL KOREA (SOUTH)
 
 
60,539,932
Luxembourg - 0.9%
 
 
 
B&M European Value Retail SA
 
1,920,800
14,708,762
Stabilus SA
 
282,400
19,017,241
TOTAL LUXEMBOURG
 
 
33,726,003
Mexico - 2.7%
 
 
 
Bolsa Mexicana de Valores S.A.B. de CV
 
9,976,900
17,015,093
GCC S.A.B. de CV
 
2,744,600
19,351,106
Genomma Lab Internacional SA de CV
 
16,798,161
16,685,782
Gruma S.A.B. de CV Series B
 
1,988,600
26,009,515
Qualitas Controladora S.A.B. de CV
 
3,595,835
19,424,273
TOTAL MEXICO
 
 
98,485,769
Netherlands - 3.5%
 
 
 
AerCap Holdings NV (a)
 
439,972
27,718,236
Amsterdam Commodities NV (a)
 
851,899
24,424,395
Arcadis NV
 
396,350
17,350,259
RHI Magnesita NV
 
1,065,691
49,154,619
Van Lanschot NV (Bearer)
 
283,041
7,130,120
TOTAL NETHERLANDS
 
 
125,777,629
New Zealand - 0.5%
 
 
 
EBOS Group Ltd.
 
729,310
18,748,879
Norway - 1.1%
 
 
 
Europris ASA (e)
 
2,139,800
15,982,478
Fjordkraft Holding ASA (e)
 
2,219,100
9,462,011
Selvaag Bolig ASA
 
2,158,000
12,701,164
TOTAL NORWAY
 
 
38,145,653
Panama - 0.6%
 
 
 
Intercorp Financial Services, Inc.
 
738,000
23,269,140
Philippines - 1.4%
 
 
 
Century Pacific Food, Inc.
 
44,034,700
24,484,963
Robinsons Land Corp.
 
73,007,700
26,231,781
TOTAL PHILIPPINES
 
 
50,716,744
Romania - 0.5%
 
 
 
Banca Transilvania SA
 
32,399,645
19,322,307
Singapore - 2.2%
 
 
 
Boustead Singapore Ltd.
 
13,025,912
9,436,952
Hour Glass Ltd.
 
13,304,580
18,688,381
HRnetgroup Ltd.
 
29,852,200
16,805,117
Mapletree Industrial (REIT)
 
11,981,256
22,318,797
Wing Tai Holdings Ltd.
 
9,410,300
12,305,440
TOTAL SINGAPORE
 
 
79,554,687
Spain - 2.9%
 
 
 
Cie Automotive SA
 
700,300
20,341,687
Compania de Distribucion Integral Logista Holdings SA
 
1,296,400
26,228,782
Grupo Catalana Occidente SA
 
635,294
21,425,871
Indra Sistemas SA (a)
 
1,844,505
18,794,052
Prosegur Compania de Seguridad SA (Reg.)
 
6,671,881
16,621,317
TOTAL SPAIN
 
 
103,411,709
Sweden - 2.7%
 
 
 
Dustin Group AB (e)
 
2,741,525
28,151,824
Granges AB
 
1,694,485
21,015,302
Haypp Group (a)
 
1,154,900
5,317,766
HEXPOL AB (B Shares)
 
1,867,700
22,284,889
John Mattson Fastighetsforetag (a)
 
763,000
14,035,182
Nordnet AB
 
376,000
5,859,984
TOTAL SWEDEN
 
 
96,664,947
Taiwan - 3.3%
 
 
 
International Games Systems Co. Ltd.
 
1,168,000
30,204,208
Lumax International Corp. Ltd.
 
5,041,436
13,383,304
Sporton International, Inc.
 
1,642,312
12,462,233
Test Research, Inc.
 
7,690,000
16,322,885
Tripod Technology Corp.
 
4,420,000
20,651,207
Yageo Corp.
 
1,036,000
17,670,282
Yung Chi Paint & Varnish Manufacturing Co. Ltd.
 
2,538,000
6,703,071
TOTAL TAIWAN
 
 
117,397,190
Thailand - 0.6%
 
 
 
Star Petroleum Refining PCL (For. Reg.) (a)
 
68,317,400
19,858,924
United Kingdom - 13.1%
 
 
 
Alliance Pharma PLC
 
17,811,827
26,072,989
Anhui Heli Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 1/5/24 (a)(e)
 
10,703,956
18,994,441
Ashtead Technology Holdings PLC (a)(b)
 
5,971,000
17,628,811
Biffa PLC (e)
 
5,309,201
24,380,027
Bodycote PLC
 
1,678,573
18,051,822
Bytes Technology Group PLC
 
1,436,100
9,001,045
Grainger Trust PLC
 
5,682,628
23,142,329
Harbour Energy PLC (a)
 
3,790,900
18,498,106
Hyve Group PLC (a)
 
7,233,042
9,926,332
Informa PLC (a)
 
3,001,186
22,702,087
J.D. Wetherspoon PLC (a)
 
1,885,700
22,895,555
Jet2 PLC (a)
 
1,347,200
23,993,033
John Wood Group PLC (a)
 
10,082,200
30,350,880
Luxfer Holdings PLC sponsored
 
1,078,459
18,420,080
Mears Group PLC (b)
 
7,921,714
20,915,802
On The Beach Group PLC (a)(e)
 
4,277,107
16,731,554
Reach PLC
 
4,590,310
16,202,773
Savills PLC
 
999,700
18,217,290
Tate & Lyle PLC
 
3,233,330
30,927,618
Ten Entertainment Group PLC (a)(b)
 
5,931,311
21,716,745
Ultra Electronics Holdings PLC
 
426,381
16,728,306
Vistry Group PLC
 
1,567,518
21,733,190
WH Smith PLC (a)
 
1,130,000
25,352,100
TOTAL UNITED KINGDOM
 
 
472,582,915
United States of America - 0.6%
 
 
 
Adtalem Global Education, Inc. (a)
 
704,700
20,732,274
 
TOTAL COMMON STOCKS
 (Cost $3,071,060,417)
 
 
 
3,465,045,691
 
 
 
 
Money Market Funds - 1.5%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.08% (f)
 
44,857,573
44,866,545
Fidelity Securities Lending Cash Central Fund 0.08% (f)(g)
 
7,964,844
7,965,641
 
TOTAL MONEY MARKET FUNDS
 (Cost $52,832,186)
 
 
52,832,186
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 97.8%
 (Cost $3,123,892,603)
 
 
 
3,517,877,877
NET OTHER ASSETS (LIABILITIES) - 2.2%  
79,241,198
NET ASSETS - 100.0%
3,597,119,075
 
 
Categorizations in Schedule of Investments are based on country or territory of incorporation.
 
Legend
 
(a)
Non-income producing
 
(b)
Affiliated company
 
(c)
Security or a portion of the security is on loan at period end.
 
(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 $245,964,282 or 6.8% 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
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.08%
73,879,832
218,772,097
247,785,384
8,654
4,759
(4,759)
44,866,545
0.1%
Fidelity Securities Lending Cash Central Fund 0.08%
6,261,744
48,806,136
47,102,239
66,883
-
-
7,965,641
0.0%
Total
80,141,576
267,578,233
294,887,623
75,537
4,759
(4,759)
52,832,186
 
 
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 ($)
Ashtead Technology Holdings PLC
-
13,053,277
-
-
-
4,575,534
17,628,811
Genesis Land Development Corp.
6,238,912
1,650,371
-
-
-
(622,320)
7,266,963
Mears Group PLC
21,465,698
-
-
-
-
(549,896)
20,915,802
Mincon Group PLC
19,187,958
50,947
-
13,302
-
(1,032,821)
18,206,084
Servcorp Ltd.
21,529,146
-
-
-
-
(4,237,155)
17,291,991
SomnoMed Ltd.
8,131,043
-
-
-
-
(1,854,436)
6,276,607
Ten Entertainment Group PLC
21,673,179
-
-
-
-
43,566
21,716,745
Vitzrocell Co. Ltd.
19,748,086
595,477
-
124,461
-
(2,864,054)
17,479,509
Total
117,974,022
15,350,072
-
137,763
-
(6,541,582)
126,782,512
 
 
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities 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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
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)
 
Valuation techniques used to value 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 any 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 any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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.