NPORT-EX 2 QTLY_2282_20230731.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series International Growth Fund
July 31, 2023
GSV-S-NPRT3-0923
1.907949.113
Common Stocks - 96.6%
 
 
Shares
Value ($)
 
Belgium - 0.4%
 
 
 
Azelis Group NV
 
2,146,769
55,468,754
Canada - 3.3%
 
 
 
CAE, Inc. (a)
 
3,796,100
86,737,567
Canadian Pacific Kansas City Ltd.
 
3,156,940
259,756,562
Franco-Nevada Corp.
 
858,028
125,205,132
TOTAL CANADA
 
 
471,699,261
Denmark - 3.7%
 
 
 
Novo Nordisk A/S Series B
 
2,611,800
421,158,603
Vestas Wind Systems A/S (a)
 
3,891,300
104,078,559
TOTAL DENMARK
 
 
525,237,162
Finland - 0.5%
 
 
 
Kone OYJ (B Shares)
 
1,468,800
75,321,063
France - 15.1%
 
 
 
Airbus Group NV
 
2,557,000
376,646,153
Edenred SA
 
3,120,036
202,672,734
Lectra
 
1,048,288
33,367,557
Legrand SA
 
2,298,944
230,323,015
LVMH Moet Hennessy Louis Vuitton SE
 
893,596
829,943,318
Safran SA
 
2,715,100
450,742,173
TOTAL FRANCE
 
 
2,123,694,950
Germany - 1.2%
 
 
 
Deutsche Borse AG
 
843,745
161,662,818
Hong Kong - 2.4%
 
 
 
AIA Group Ltd.
 
33,628,101
336,440,465
India - 2.0%
 
 
 
HDFC Bank Ltd.
 
7,572,096
152,034,259
Jio Financial Services Ltd. (b)
 
1,075,000
3,422,772
Kotak Mahindra Bank Ltd.
 
2,776,600
62,681,137
Reliance Industries Ltd.
 
1,075,000
33,322,516
Reliance Industries Ltd. GDR (c)(d)
 
502,700
31,418,750
TOTAL INDIA
 
 
282,879,434
Ireland - 2.2%
 
 
 
CRH PLC sponsored ADR (c)
 
5,126,440
309,124,332
Israel - 0.9%
 
 
 
NICE Ltd. sponsored ADR (a)(c)
 
548,154
119,415,349
Italy - 1.5%
 
 
 
Interpump Group SpA
 
1,702,820
92,638,959
Prada SpA
 
16,233,700
115,004,927
TOTAL ITALY
 
 
207,643,886
Japan - 10.7%
 
 
 
Azbil Corp.
 
4,839,305
152,392,271
FANUC Corp.
 
2,791,975
85,413,322
Hoya Corp.
 
1,845,500
214,431,624
Keyence Corp.
 
965,287
432,620,104
Lasertec Corp.
 
831,900
125,934,574
Misumi Group, Inc.
 
6,735,106
122,828,753
OSG Corp.
 
2,173,546
28,898,621
Recruit Holdings Co. Ltd.
 
5,846,005
202,480,356
SHO-BOND Holdings Co. Ltd.
 
2,057,100
83,475,474
USS Co. Ltd.
 
3,824,100
66,205,731
TOTAL JAPAN
 
 
1,514,680,830
Kenya - 0.1%
 
 
 
Safaricom Ltd.
 
139,405,900
16,521,457
Netherlands - 7.2%
 
 
 
Aalberts Industries NV
 
682,346
30,782,324
ASML Holding NV (Netherlands)
 
1,234,946
884,553,306
IMCD NV
 
691,254
104,846,659
TOTAL NETHERLANDS
 
 
1,020,182,289
Norway - 0.3%
 
 
 
Schibsted ASA (B Shares)
 
1,997,654
39,203,890
Spain - 2.3%
 
 
 
Amadeus IT Holding SA Class A
 
4,538,964
325,486,340
Sweden - 6.6%
 
 
 
ASSA ABLOY AB (B Shares)
 
7,801,837
187,578,732
Atlas Copco AB (A Shares)
 
27,310,244
387,966,183
Autoliv, Inc.
 
1,269,734
128,154,253
Epiroc AB (A Shares)
 
10,373,436
207,112,263
Lagercrantz Group AB (B Shares)
 
1,569,207
18,887,609
TOTAL SWEDEN
 
 
929,699,040
Switzerland - 1.0%
 
 
 
Schindler Holding AG:
 
 
 
 (participation certificate)
 
204,451
49,515,568
 (Reg.)
 
152,032
35,146,667
UBS Group AG
 
2,651,110
58,597,724
TOTAL SWITZERLAND
 
 
143,259,959
Taiwan - 2.0%
 
 
 
Taiwan Semiconductor Manufacturing Co. Ltd.
 
15,756,885
283,993,906
United Kingdom - 5.6%
 
 
 
BAE Systems PLC
 
11,175,900
133,653,274
Compass Group PLC
 
11,177,300
290,807,120
InterContinental Hotel Group PLC ADR (c)
 
2,303,530
173,686,162
Rightmove PLC
 
7,451,661
54,547,860
Spectris PLC
 
3,057,086
137,747,460
TOTAL UNITED KINGDOM
 
 
790,441,876
United States of America - 27.6%
 
 
 
Experian PLC
 
6,818,289
263,496,768
Lam Research Corp.
 
152,713
109,722,763
Linde PLC
 
1,388,001
542,250,351
Marsh & McLennan Companies, Inc.
 
1,977,131
372,531,023
MasterCard, Inc. Class A
 
575,131
226,762,651
Moody's Corp.
 
614,459
216,750,412
MSCI, Inc.
 
418,527
229,386,278
Nestle SA (Reg. S)
 
5,207,250
637,988,177
NOV, Inc.
 
3,158,200
63,416,656
Otis Worldwide Corp.
 
965,300
87,803,688
PriceSmart, Inc.
 
420,527
32,687,564
ResMed, Inc.
 
1,116,018
248,146,602
Roche Holding AG (participation certificate)
 
788,984
244,625,646
S&P Global, Inc.
 
514,580
203,006,956
Sherwin-Williams Co.
 
715,941
197,957,687
Visa, Inc. Class A
 
923,070
219,441,431
TOTAL UNITED STATES OF AMERICA
 
 
3,895,974,653
 
TOTAL COMMON STOCKS
 (Cost $8,128,433,739)
 
 
 
13,628,031,714
 
 
 
 
Convertible Preferred Stocks - 0.3%
 
 
Shares
Value ($)
 
China - 0.3%
 
 
 
ByteDance Ltd. Series E1 (a)(b)(e)
  (Cost $18,859,141)
 
172,113
41,264,092
 
 
 
 
Money Market Funds - 2.3%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.32% (f)
 
222,682,263
222,726,799
Fidelity Securities Lending Cash Central Fund 5.32% (f)(g)
 
106,567,512
106,578,169
 
TOTAL MONEY MARKET FUNDS
 (Cost $329,304,968)
 
 
329,304,968
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.2%
 (Cost $8,476,597,848)
 
 
 
13,998,600,774
NET OTHER ASSETS (LIABILITIES) - 0.8%  
110,212,415
NET ASSETS - 100.0%
14,108,813,189
 
 
Legend
 
(a)
Non-income producing
 
(b)
Level 3 security
 
(c)
Security or a portion of the security is on loan at period end.
 
(d)
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 $31,418,750 or 0.2% of net assets.
 
(e)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $41,264,092 or 0.3% 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.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
ByteDance Ltd. Series E1
11/18/20
18,859,141
 
 
 
 
 
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 5.32%
350,149,852
1,666,443,133
1,793,866,186
7,742,883
-
-
222,726,799
0.5%
Fidelity Securities Lending Cash Central Fund 5.32%
459,204,500
2,590,824,140
2,943,450,471
836,289
-
-
106,578,169
0.4%
Total
809,354,352
4,257,267,273
4,737,316,657
8,579,172
-
-
329,304,968
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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.
 
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.