0001752724-23-067594.txt : 20230327 0001752724-23-067594.hdr.sgml : 20230327 20230327133443 ACCESSION NUMBER: 0001752724-23-067594 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230327 DATE AS OF CHANGE: 20230327 PERIOD START: 20231031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY INVESTMENT TRUST CENTRAL INDEX KEY: 0000744822 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-04008 FILM NUMBER: 23763708 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY OVERSEAS FUND DATE OF NAME CHANGE: 19861228 0000744822 S000062805 Fidelity Series Emerging Markets Fund C000203452 Fidelity Series Emerging Markets Fund FHKFX NPORT-P 1 primary_doc.xml 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N/A 935197.00000000 NS 17411395.79000000 0.615616285508 Long EC CORP BR N 1 N N N DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP CO N/A DR SULAIMAN AL HABIB MEDICAL SERVICES GROUP CO N/A 247765.00000000 NS 15448177.46000000 0.546202598602 Long EC CORP SA N 1 N N N SUZANO SA 391200AW174YQSDMGG41 SUZANO SA N/A 706265.00000000 NS 6450061.15000000 0.228055391673 Long EC CORP BR N 1 N N N BANGKOK BANK PUBLIC CO LTD 549300CCL2BKJGMYXV60 BANGKOK BANK PUBLIC CO LTD(FOR) N/A 2218642.00000000 NS 10757738.32000000 0.380362320454 Long EC CORP TH N 2 N N N INFOSYS LTD 335800TYLGG93MM7PR89 INFOSYS LTD N/A 1848802.00000000 NS 34896755.93000000 1.233847735186 Long EC CORP IN N 2 N N N YANDEX NV 549300GGZHJ5Q1B18P93 YANDEX NV CL A N/A 583741.00000000 NS USD 2002138.23000000 0.070789781307 Long EC CORP NL N 3 N N N ZAI LAB LTD 549300P2UYQ9U5LY1T58 ZAI LAB LTD UNSPNRD ADR 98887Q104 293540.00000000 NS USD 12369775.60000000 0.437359267418 Long EC CORP KY N 1 N N N LUKOIL PJSC 549300LCJ1UJXHYBWI24 LUKOIL PJSC N/A 568462.00000000 NS 233182.61000000 0.008244658495 Long EC CORP RU N 3 N N N ICICI BANK LTD R7RX8ER1V4666J8D1I38 ICICI BANK LTD (DEMAT) N/A 3978536.00000000 NS 40791597.08000000 1.442272163428 Long EC CORP IN N 2 N N N SEA LTD 529900OM6JLLW44YKI15 SEA LTD ADR 81141R100 198300.00000000 NS USD 12780435.00000000 0.451878988725 Long EC CORP KY N 1 N N N 2023-03-02 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_3225_20230131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series Emerging Markets Fund
January 31, 2023
MER-NPRT1-0423
1.9891245.104
Common Stocks - 94.5%
 
 
Shares
Value ($)
 
Bermuda - 0.8%
 
 
 
Credicorp Ltd. (United States)
 
84,174
11,304,568
Kunlun Energy Co. Ltd.
 
11,832,562
9,331,810
TOTAL BERMUDA
 
 
20,636,378
Brazil - 2.5%
 
 
 
Localiza Rent a Car SA
 
1,695,032
19,770,866
Localiza Rent a Car SA
 
7,408
61,657
Pet Center Comercio e Participacoes SA
 
461,100
657,637
Raia Drogasil SA
 
2,063,000
10,090,871
Suzano Papel e Celulose SA
 
706,265
6,450,061
Vale SA
 
935,197
17,411,396
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA
 
4,478,714
12,898,922
TOTAL BRAZIL
 
 
67,341,410
Cayman Islands - 23.3%
 
 
 
Alibaba Group Holding Ltd. (a)
 
7,159,431
98,432,647
Alibaba Group Holding Ltd. sponsored ADR (a)
 
157,400
17,345,480
Chailease Holding Co. Ltd.
 
2,791,521
21,019,091
Hansoh Pharmaceutical Group Co. Ltd. (b)
 
1,248,000
2,554,296
JD.com, Inc. sponsored ADR
 
482,819
28,742,215
KE Holdings, Inc. ADR (a)
 
281,355
5,160,051
Li Ning Co. Ltd.
 
2,789,035
27,571,464
Meituan Class B (a)(b)
 
2,271,552
50,782,541
NetEase, Inc. ADR
 
415,980
36,859,988
New Horizon Health Ltd. (a)(b)
 
1,051,500
4,092,622
Parade Technologies Ltd.
 
210,123
6,492,155
Pinduoduo, Inc. ADR (a)
 
406,832
39,861,399
Sea Ltd. ADR (a)
 
198,300
12,780,435
Shenzhou International Group Holdings Ltd.
 
1,999,926
25,186,305
Silergy Corp.
 
1,213,162
24,665,830
Sunny Optical Technology Group Co. Ltd.
 
1,109,796
14,979,070
Tencent Holdings Ltd.
 
2,813,447
137,096,232
Trip.com Group Ltd. ADR (a)
 
695,484
25,565,992
Wuxi Biologics (Cayman), Inc. (a)(b)
 
3,793,342
31,675,954
XP, Inc. Class A (a)
 
723,006
12,883,967
Zai Lab Ltd. ADR (a)
 
245,256
10,335,088
TOTAL CAYMAN ISLANDS
 
 
634,082,822
China - 10.2%
 
 
 
China Construction Bank Corp. (H Shares)
 
52,679,128
34,098,721
China Life Insurance Co. Ltd. (H Shares)
 
14,539,676
26,764,239
China Merchants Bank Co. Ltd. (H Shares)
 
1,165,177
7,557,488
China Tourism Group Duty Free Corp. Ltd. (H Shares) (a)(b)
 
442,063
13,545,050
Guangzhou Automobile Group Co. Ltd. (H Shares)
 
24,653,427
17,736,463
Haier Smart Home Co. Ltd.
 
3,596,827
13,265,535
Industrial & Commercial Bank of China Ltd. (H Shares)
 
27,506,159
14,713,565
Kweichow Moutai Co. Ltd. (A Shares)
 
125,746
34,487,537
Ping An Insurance Group Co. of China Ltd. (H Shares)
 
4,165,123
32,353,434
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares)
 
433,661
21,447,594
Sinopharm Group Co. Ltd. (H Shares)
 
543,000
1,330,889
Wuliangye Yibin Co. Ltd. (A Shares)
 
1,385,068
43,113,407
Zijin Mining Group Co. Ltd. (H Shares)
 
9,615,961
15,905,300
TOTAL CHINA
 
 
276,319,222
Colombia - 0.1%
 
 
 
Bancolombia SA sponsored ADR
 
95,100
2,876,775
Hong Kong - 1.2%
 
 
 
China Resources Beer Holdings Co. Ltd.
 
1,342,168
10,104,219
Sinotruk Hong Kong Ltd.
 
13,762,128
23,794,058
TOTAL HONG KONG
 
 
33,898,277
Hungary - 1.0%
 
 
 
OTP Bank PLC
 
616,365
18,544,362
Richter Gedeon PLC
 
355,506
8,013,344
TOTAL HUNGARY
 
 
26,557,706
India - 12.5%
 
 
 
Axis Bank Ltd.
 
718,530
7,695,774
Bharti Airtel Ltd.
 
2,622,697
24,765,455
HDFC Bank Ltd. (a)
 
2,267,851
44,723,081
HDFC Standard Life Insurance Co. Ltd. (b)
 
2,000,504
14,207,075
Hindustan Unilever Ltd.
 
275,136
8,699,092
Housing Development Finance Corp. Ltd.
 
728,670
23,507,517
ICICI Bank Ltd.
 
3,978,536
40,791,597
Infosys Ltd.
 
1,848,802
34,896,756
ITC Ltd.
 
2,019,504
8,733,934
Larsen & Toubro Ltd.
 
1,179,996
30,783,415
NTPC Ltd.
 
8,247,653
17,311,168
Reliance Industries Ltd.
 
1,643,019
47,497,574
Tata Consultancy Services Ltd.
 
173,988
7,196,386
Tata Steel Ltd.
 
16,027,861
23,655,059
Ultratech Cement Ltd.
 
60,063
5,224,871
TOTAL INDIA
 
 
339,688,754
Indonesia - 2.8%
 
 
 
PT Bank Central Asia Tbk
 
32,112,660
18,224,228
PT Bank Mandiri (Persero) Tbk
 
27,283,844
18,180,210
PT Bank Rakyat Indonesia (Persero) Tbk
 
49,178,479
15,081,463
PT Telkom Indonesia Persero Tbk
 
18,674,533
4,826,110
PT United Tractors Tbk
 
12,106,360
19,875,700
TOTAL INDONESIA
 
 
76,187,711
Korea (South) - 14.7%
 
 
 
Db Insurance Co. Ltd.
 
338,882
18,037,433
Hana Financial Group, Inc.
 
264,963
10,513,403
Hansol Chemical Co. Ltd.
 
49,569
8,536,534
Hyundai Fire & Marine Insurance Co. Ltd.
 
176,005
4,425,780
Hyundai Mipo Dockyard Co. Ltd. (a)
 
89,505
5,870,664
Hyundai Motor Co.
 
137,695
18,747,875
KB Financial Group, Inc.
 
540,836
24,617,123
Kia Corp.
 
158,723
8,636,987
LG Chemical Ltd.
 
90,153
50,820,554
LG H & H Co. Ltd.
 
14,450
8,749,749
NAVER Corp.
 
140,384
23,292,927
POSCO
 
158,229
38,833,677
Samsung Electronics Co. Ltd.
 
2,519,339
125,335,781
Shinhan Financial Group Co. Ltd.
 
249,435
8,424,202
SK Hynix, Inc.
 
553,232
39,974,117
Woori Financial Group, Inc.
 
435,019
4,532,066
TOTAL KOREA (SOUTH)
 
 
399,348,872
Mexico - 3.4%
 
 
 
America Movil S.A.B. de CV Series L
 
6,963,398
7,277,538
CEMEX S.A.B. de CV sponsored ADR (a)
 
620,847
3,315,323
Fomento Economico Mexicano S.A.B. de CV sponsored ADR
 
126,816
11,134,445
Gruma S.A.B. de CV Series B
 
529,129
7,696,192
Grupo Aeroportuario del Sureste S.A.B. de CV Series B
 
232,388
6,311,826
Grupo Financiero Banorte S.A.B. de CV Series O
 
4,511,436
37,420,206
Wal-Mart de Mexico SA de CV Series V
 
5,283,987
20,697,638
TOTAL MEXICO
 
 
93,853,168
Netherlands - 0.1%
 
 
 
Yandex NV Series A (a)(c)
 
583,741
2,002,138
Philippines - 0.3%
 
 
 
Ayala Land, Inc.
 
14,190,773
7,638,239
Russia - 0.0%
 
 
 
LUKOIL PJSC (c)
 
568,462
233,183
Sberbank of Russia (a)(c)
 
5,098,115
41,541
TOTAL RUSSIA
 
 
274,724
Saudi Arabia - 3.2%
 
 
 
Al Rajhi Bank
 
1,395,485
30,490,213
Alinma Bank
 
2,533,731
22,177,741
Dr Sulaiman Al Habib Medical Services Group Co.
 
247,765
15,448,177
Saudi Telecom Co.
 
954,004
9,379,895
The Saudi National Bank
 
732,837
9,236,128
TOTAL SAUDI ARABIA
 
 
86,732,154
South Africa - 4.4%
 
 
 
Absa Group Ltd.
 
2,414,355
27,591,637
AngloGold Ashanti Ltd. sponsored ADR
 
365,766
7,688,401
Bid Corp. Ltd.
 
403,900
8,321,733
Gold Fields Ltd. sponsored ADR (d)
 
665,069
7,608,389
Impala Platinum Holdings Ltd.
 
1,319,840
15,272,976
MTN Group Ltd.
 
4,422,374
37,328,395
Naspers Ltd. Class N
 
88,723
17,153,616
TOTAL SOUTH AFRICA
 
 
120,965,147
Taiwan - 10.8%
 
 
 
eMemory Technology, Inc.
 
308,263
16,886,948
Hon Hai Precision Industry Co. Ltd. (Foxconn)
 
2,387,974
7,956,369
International Games Systems Co. Ltd.
 
423,065
6,993,100
MediaTek, Inc.
 
1,203,269
29,046,995
Taiwan Semiconductor Manufacturing Co. Ltd.
 
12,315,307
217,137,695
Unimicron Technology Corp.
 
3,179,902
14,627,584
TOTAL TAIWAN
 
 
292,648,691
Thailand - 2.1%
 
 
 
Bangkok Bank PCL (For. Reg.)
 
2,218,642
10,757,738
CP ALL PCL (For. Reg.)
 
10,834,639
22,012,223
Kasikornbank PCL (For. Reg.)
 
2,031,485
9,011,615
SCB X PCL (For. Reg.)
 
1,124,306
3,581,724
Thai Beverage PCL
 
20,541,109
10,971,824
TOTAL THAILAND
 
 
56,335,124
United Arab Emirates - 0.3%
 
 
 
Abu Dhabi Commercial Bank PJSC
 
4,096,900
9,380,341
United States of America - 0.8%
 
 
 
Li Auto, Inc. ADR (a)(d)
 
904,898
22,531,960
 
TOTAL COMMON STOCKS
 (Cost $2,264,982,660)
 
 
 
2,569,299,613
 
 
 
 
Nonconvertible Preferred Stocks - 1.9%
 
 
Shares
Value ($)
 
Brazil - 1.9%
 
 
 
Gerdau SA
 
1,187,500
7,658,876
Itau Unibanco Holding SA
 
4,755,180
23,727,658
Petroleo Brasileiro SA - Petrobras sponsored ADR
 
1,771,909
20,554,144
 
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 (Cost $45,630,564)
 
 
 
51,940,678
 
 
 
 
Government Obligations - 0.2%
 
 
Principal
Amount (e)
 
Value ($)
 
United States of America - 0.2%
 
 
 
U.S. Treasury Bills, yield at date of purchase 4.12% to 4.27% 2/16/23 to 3/16/23
  (Cost $3,960,065)
 
3,980,000
3,958,900
 
 
 
 
Money Market Funds - 6.4%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 4.38% (f)
 
143,135,056
143,163,683
Fidelity Securities Lending Cash Central Fund 4.38% (f)(g)
 
31,737,966
31,741,140
 
TOTAL MONEY MARKET FUNDS
 (Cost $174,904,823)
 
 
174,904,823
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 103.0%
 (Cost $2,489,478,112)
 
 
 
2,800,104,014
NET OTHER ASSETS (LIABILITIES) - (3.0)%  
(80,297,013)
NET ASSETS - 100.0%
2,719,807,001
 
 
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 $116,857,538 or 4.3% of net assets.
 
(c)
Level 3 security
 
(d)
Security or a portion of the security is on loan at period end.
 
(e)
Amount is stated in United States dollars unless otherwise noted.
 
(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 4.38%
175,911,032
369,635,556
402,382,905
1,577,401
-
-
143,163,683
0.3%
Fidelity Securities Lending Cash Central Fund 4.38%
9,725,325
105,195,076
83,179,261
74,181
-
-
31,741,140
0.1%
Total
185,636,357
474,830,632
485,562,166
1,651,582
-
-
174,904,823
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted 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 service 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.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Government Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
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.
 
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