0001752724-24-071961.txt : 20240327 0001752724-24-071961.hdr.sgml : 20240327 20240327162307 ACCESSION NUMBER: 0001752724-24-071961 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240327 DATE AS OF CHANGE: 20240327 PERIOD START: 20241031 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY INVESTMENT TRUST CENTRAL INDEX KEY: 0000744822 ORGANIZATION NAME: 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: 24791008 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 S000007098 Fidelity Latin America Fund C000019417 Fidelity Latin America Fund FLATX C000092709 Fidelity Advisor Latin America Fund: Class A FLFAX C000092711 Fidelity Advisor Latin America Fund: Class C FLFCX C000092712 Fidelity Advisor Latin America Fund: Class M FLFTX C000092713 Fidelity Advisor Latin America Fund: Class I FLFIX C000205028 Fidelity Advisor Latin America Fund: Class Z FIQMX NPORT-P 1 primary_doc.xml NPORT-P false 0000744822 XXXXXXXX S000007098 C000205028 C000092711 C000092709 C000092713 C000019417 C000092712 Fidelity Investment Trust 811-04008 0000744822 MXNTE4GH7BW81YELH558 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Latin America Fund S000007098 110XFGF854YMTVPIV681 2024-10-31 2024-01-31 N 278568441.09 6525141.22 272043299.87 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N LOCALIZA RENT A CAR SA N/A LOCALIZA RENT A CAR SA N/A 642396.00000000 NS 7017292.01000000 2.579476139773 Long EC CORP BR N 1 N N N BANCO DEL BAJIO SA 4469000001BD95FFLY16 BANCO DEL BAJIO SA N/A 2016201.00000000 NS 7670501.79000000 2.819588570520 Long EC CORP MX N 1 N N N METALURGICA GERDAU SA N/A METALURGICA GERDAU SA PN N/A 2984731.00000000 NS 5970184.93000000 2.194571574765 Long EC CORP BR N 1 N N N FIRST QUANTUM MINERALS LTD 549300I7UVBGWRYMYZ18 FIRST QUANTUM MINERALS INC 335934105 289402.00000000 NS 2626132.92000000 0.965336371546 Long EC CORP CA N 1 N N N AFYA LTD 54930008Y7J8Z1BSDT57 AFYA LTD N/A 945020.00000000 NS USD 18541292.40000000 6.815566642832 Long EC CORP KY N 1 N N BECLE SAB DE CV 529900JY55CZKMJLCE09 BECLE SA DE CV N/A 2778531.00000000 NS 5175592.13000000 1.902488365812 Long EC CORP MX N 1 N N REGIONAL SAB DE CV N/A REGIONAL SAB DE CV N/A 948024.00000000 NS 8799165.33000000 3.234472355762 Long EC CORP MX N 1 N N N HAPVIDA PARTICIPACOES E INVESTIMENTOS SA N/A HAPVIDA PARTICIPACOES E INVESTIMENTOS SA N/A 8454210.00000000 NS 6620849.10000000 2.433748268442 Long EC CORP BR N 1 N N N CAIXA SEGURIDADE PARTICIPACOES S/A N/A CAIXA SEGURIDADE PARTICIPACO N/A 4081407.00000000 NS 11640214.94000000 4.278809640069 Long EC CORP BR N 1 N N N GRUPO AEROPORTUARIO DEL CENTRO NORTE SAB DE CV 529900HUSBARAFSXJ605 GRUPO AERO CENTRO NORTE CL B N/A 854843.00000000 NS 7826023.97000000 2.876756741937 Long EC CORP MX N 1 N N N CM HOSPITALAR SA 5493007DDOPA7LUQQK27 CM HOSPITALAR SA N/A 1421922.00000000 NS 2898718.76000000 1.065535803081 Long EC CORP BR N 1 N N N HYPERA SA 25490092WKPBKTIZX403 HYPERA SA N/A 2035138.00000000 NS 13033854.50000000 4.791095574207 Long EC CORP BR N 1 N N N VASTA PLATFORM LTD N/A VASTA PLATFORM LTD N/A 1725714.00000000 NS USD 7040913.12000000 2.588158989162 Long EC CORP KY N 1 N N VEF AB 549300GLLHHE80RQ2Y24 VEF AB N/A 14010796.00000000 NS 2510907.40000000 0.922980790631 Long EC CORP SE N 1 N N N GENOMMA LAB INTERNACIONAL SA N/A GENOMMA LAB INTERNACIONAL SA N/A 26714569.00000000 NS 21916144.11000000 8.056123462872 Long EC CORP MX N 1 N N N LOCALIZA RENT A CAR SA N/A LOCALIZA RENT A CAR SA RT 02/05/2024 N/A 2304.00000000 NS 4185.37000000 0.001538494056 Long EC CORP BR N 1 N N N PAGSEGURO DIGITAL LTD N/A PAGSEGURO DIGITAL LTD CL A N/A 680413.00000000 NS USD 8756915.31000000 3.218941732505 Long EC CORP KY N 1 N N N ATACADAO SA 549300SMI26ISJIRM371 ATACADAO SA N/A 4008263.00000000 NS 8422012.32000000 3.095835230650 Long EC CORP BR N 1 N N N EQUATORIAL ENERGIA SA N/A EQUATORIAL ENERGIA SA N/A 1449559.00000000 NS 10366114.03000000 3.810464744014 Long EC CORP BR N 1 N N N SENDAS DISTRIBUIDORA SA N/A SENDAS DISTRIBUIDORA SA N/A 4231165.00000000 NS 11665936.12000000 4.288264451127 Long EC CORP BR N 1 N N N GCC SAB DE CV 254900WY9XL8033CKX68 GCC SAB DE CV N/A 799714.00000000 NS 9235636.16000000 3.394914031852 Long EC CORP MX N 1 N N N VAMOS LOCACAO DE CAMINHOES MAQUINAS E EQUIPAMENTOS SA N/A VAMOS LOCACAO DE CAMINHOES MAQUINAS E EQUIPAMENTOS SA N/A 6976756.00000000 NS 11504944.40000000 4.229085739475 Long EC CORP BR N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 6248200.43000000 NS USD 6248825.25000000 2.296996563777 Long STIV RF US N 1 N N ITAUSA SA N/A ITAUSA (INVEST ITAU) PFD N/A 6332709.00000000 NS 12781989.75000000 4.698512977936 Long EC CORP BR N 1 N N N XP INC 5493008KDA8NBZRJST80 XP INC CL A N/A 428413.00000000 NS USD 10530391.54000000 3.870851274422 Long EC CORP KY N 1 N N N PETROLEO BRASILEIRO-PETROBRAS 5493000J801JZRCMFE49 PETROBRAS PN (PFD REG) N/A 4847925.00000000 NS 39580689.13000000 14.54940781445 Long EC CORP BR N 1 N N N INTERCORP FINANCIAL SERVICES INC 5299004181WFTEWB1398 INTERCORP FINANCIAL SVCS INC N/A 448354.00000000 NS USD 10513901.30000000 3.864789651141 Long EC CORP PA N 1 N N N QUALITAS CONTROLADO SAB DE CV N/A QUALITAS CONTROLADO SAB DE CV N/A 698319.00000000 NS 7716137.90000000 2.836363881664 Long EC CORP MX N 1 N N N 2024-03-01 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_349_20240131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Latin America Fund
January 31, 2024
LAF-NPRT1-0324
1.813035.119
Common Stocks - 77.0%
 
  
Shares
Value ($)
 
Brazil - 46.1%
 
  
  
Afya Ltd. (a)(b)
  
945,020
18,541,292
Atacadao SA
 
4,008,263
8,422,012
Caixa Seguridade Participacoes
 
4,081,407
11,640,215
CM Hospitalar SA
 
1,421,922
2,898,719
Equatorial Energia SA
 
1,449,559
10,366,114
Hapvida Participacoes e Investimentos SA (a)(c)
  
8,454,210
6,620,849
Hypera SA
 
2,035,138
13,033,855
Localiza Rent a Car SA
 
387,169
4,229,288
Localiza Rent a Car SA rights 2/5/24 (a)
  
2,304
4,185
PagSeguro Digital Ltd. (a)
  
680,413
8,756,915
Sendas Distribuidora SA
 
4,231,165
11,665,936
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA
 
6,976,756
11,504,944
Vasta Platform Ltd. (a)(b)
  
1,725,714
7,040,913
XP, Inc. Class A
 
428,413
10,530,392
TOTAL BRAZIL
  
  
125,255,629
Mexico - 25.1%
 
  
  
Banco del Bajio SA (c)
  
2,016,201
7,670,502
Becle S.A.B. de CV (b)
  
2,778,531
5,175,592
GCC S.A.B. de CV
 
799,714
9,235,636
Genomma Lab Internacional SA de CV
 
26,714,569
21,916,144
Grupo Aeroportuario Norte S.A.B. de CV
 
854,843
7,826,024
Qualitas Controladora S.A.B. de CV
 
698,319
7,716,138
Regional S.A.B. de CV
 
948,024
8,799,165
TOTAL MEXICO
  
  
68,339,201
Peru - 3.9%
 
  
  
Intercorp Financial Services, Inc.
 
448,354
10,513,901
Sweden - 0.9%
 
  
  
VEF AB (a)
  
14,010,796
2,510,907
Zambia - 1.0%
 
  
  
First Quantum Minerals Ltd.
 
289,402
2,626,133
 
TOTAL COMMON STOCKS
 (Cost $213,627,536)
  
  
  
209,245,771
 
  
  
  
Nonconvertible Preferred Stocks - 21.5%
 
  
Shares
Value ($)
 
Brazil - 21.5%
 
  
  
Itausa-Investimentos Itau SA (PN)
 
6,332,709
12,781,990
Metalurgica Gerdau SA (PN)
 
2,984,731
5,970,185
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.)
 
4,847,925
39,580,691
 
  
  
  
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 (Cost $34,950,563)
  
  
  
58,332,866
 
  
  
  
Money Market Funds - 1.6%
 
  
Shares
Value ($)
 
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e)
 
 (Cost $4,427,314)
 
  
4,426,871
4,427,314
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.1%
 (Cost $253,005,413)
 
  
 
272,005,951
NET OTHER ASSETS (LIABILITIES) - (0.1)%  
(225,020)
NET ASSETS - 100.0%
271,780,931
 
  
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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 $14,291,351 or 5.3% of net assets.
 
(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.
 
(e)
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 5.39%
-
10,283,803
10,283,803
16,685
-
-
-
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
4,830,855
11,305,677
11,709,218
1,853
-
-
4,427,314
0.0%
Total
4,830,855
21,589,480
21,993,021
18,538
-
-
4,427,314
  
 
  
  
  
  
  
  
  
  
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.
 
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