0001752724-24-071988.txt : 20240327 0001752724-24-071988.hdr.sgml : 20240327 20240327162427 ACCESSION NUMBER: 0001752724-24-071988 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: 24791051 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 S000007100 Fidelity Overseas Fund C000019419 Fidelity Overseas Fund FOSFX C000064260 Class K FOSKX NPORT-P 1 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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_94_20240131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Overseas Fund
January 31, 2024
OVE-NPRT1-0324
1.813070.119
Common Stocks - 97.7%
 
 
Shares
Value ($)
 
Bailiwick of Jersey - 0.3%
 
 
 
JTC PLC (a)
 
3,047,000
30,911,012
Belgium - 0.7%
 
 
 
Azelis Group NV
 
1,024,000
21,158,896
KBC Group NV
 
599,990
39,215,788
TOTAL BELGIUM
 
 
60,374,684
Canada - 2.8%
 
 
 
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)
 
1,400,800
82,081,910
Constellation Software, Inc.
 
61,400
169,700,475
Constellation Software, Inc. warrants 8/22/28 (b)(c)
 
62,100
5
Lumine Group, Inc.
 
178,222
4,157,121
TOTAL CANADA
 
 
255,939,511
China - 0.0%
 
 
 
Chervon Holdings Ltd.
 
699,700
1,422,306
Denmark - 5.3%
 
 
 
Carlsberg A/S Series B
 
346,200
44,544,671
DSV A/S
 
770,400
137,832,128
Novo Nordisk A/S Series B
 
2,661,700
304,244,190
TOTAL DENMARK
 
 
486,620,989
Finland - 1.0%
 
 
 
Nordea Bank Abp
 
7,207,600
88,818,460
France - 12.8%
 
 
 
Air Liquide SA
 
727,829
136,201,111
ALTEN
 
552,456
85,854,237
Antin Infrastructure Partners SA
 
198,900
3,667,068
Capgemini SA
 
698,333
156,371,451
Edenred SA
 
746,879
44,732,371
EssilorLuxottica SA
 
673,513
132,689,880
L'Oreal SA
 
235,900
112,890,973
LVMH Moet Hennessy Louis Vuitton SE
 
252,042
209,713,805
Safran SA
 
880,600
164,415,781
TotalEnergies SE
 
1,861,644
120,775,220
TOTAL FRANCE
 
 
1,167,311,897
Germany - 9.1%
 
 
 
Allianz SE
 
482,401
128,885,987
Deutsche Borse AG
 
605,091
120,497,611
Hannover Reuck SE
 
543,000
130,391,426
Infineon Technologies AG
 
2,569,800
93,686,983
Merck KGaA
 
493,100
80,905,682
SAP SE
 
1,083,900
187,781,926
Siemens Healthineers AG (a)
 
1,649,200
92,429,582
TOTAL GERMANY
 
 
834,579,197
India - 0.9%
 
 
 
HCL Technologies Ltd.
 
618,523
11,725,662
HDFC Bank Ltd.
 
4,032,000
70,875,621
TOTAL INDIA
 
 
82,601,283
Indonesia - 0.7%
 
 
 
PT Bank Central Asia Tbk
 
108,904,900
65,890,345
Ireland - 0.9%
 
 
 
Kingspan Group PLC (Ireland)
 
1,029,900
84,099,257
Italy - 3.2%
 
 
 
FinecoBank SpA
 
4,669,000
67,764,937
GVS SpA (a)(b)
 
528,100
3,367,234
Industrie de Nora SpA
 
363,000
5,735,340
Recordati SpA
 
1,698,130
94,144,174
UniCredit SpA
 
4,017,200
117,672,030
TOTAL ITALY
 
 
288,683,715
Japan - 13.7%
 
 
 
Bandai Namco Holdings, Inc.
 
1,468,200
31,790,269
BayCurrent Consulting, Inc.
 
674,900
15,690,751
Capcom Co. Ltd.
 
1,257,500
47,959,520
FUJIFILM Holdings Corp.
 
1,180,400
74,819,572
Hoya Corp.
 
1,045,042
132,750,834
Iriso Electronics Co. Ltd.
 
173,800
4,064,362
Misumi Group, Inc.
 
929,800
15,941,325
Mitsubishi Heavy Industries Ltd.
 
915,300
61,053,711
NOF Corp.
 
941,400
42,517,165
Persol Holdings Co. Ltd.
 
23,853,000
37,919,392
Relo Group, Inc.
 
1,741,700
17,482,723
Renesas Electronics Corp. (b)
 
4,591,600
75,337,075
Shin-Etsu Chemical Co. Ltd.
 
3,534,200
139,113,861
Sony Group Corp.
 
1,782,800
174,836,339
Suzuki Motor Corp.
 
1,759,900
79,052,403
TIS, Inc.
 
1,340,100
29,806,295
Tokio Marine Holdings, Inc.
 
6,197,200
163,404,251
Tokyo Electron Ltd.
 
548,600
101,805,049
TOTAL JAPAN
 
 
1,245,344,897
Netherlands - 7.9%
 
 
 
ASM International NV (Netherlands)
 
168,500
93,998,962
ASML Holding NV (Netherlands)
 
406,200
352,414,299
IMCD NV
 
622,424
95,516,813
Topicus.Com, Inc. (b)
 
122,288
9,459,595
Wolters Kluwer NV
 
1,166,121
172,020,980
TOTAL NETHERLANDS
 
 
723,410,649
Spain - 1.3%
 
 
 
Amadeus IT Holding SA Class A
 
758,157
53,306,278
CaixaBank SA
 
14,308,200
61,010,076
TOTAL SPAIN
 
 
114,316,354
Sweden - 3.2%
 
 
 
Addlife AB
 
2,778,272
30,087,613
AddTech AB (B Shares)
 
2,523,896
52,482,893
Atlas Copco AB (A Shares)
 
6,063,144
96,764,280
Indutrade AB
 
4,506,101
110,112,427
Kry International AB (b)(c)(d)
 
2,787
123,820
TOTAL SWEDEN
 
 
289,571,033
Switzerland - 5.4%
 
 
 
Alcon, Inc. (Switzerland)
 
960,990
72,874,657
Compagnie Financiere Richemont SA Series A
 
776,646
115,358,793
Julius Baer Group Ltd.
 
1,231,764
67,059,009
Partners Group Holding AG
 
77,960
105,970,311
Sika AG
 
488,922
134,970,825
TOTAL SWITZERLAND
 
 
496,233,595
Taiwan - 0.6%
 
 
 
Taiwan Semiconductor Manufacturing Co. Ltd.
 
2,926,000
58,586,298
United Kingdom - 15.9%
 
 
 
3i Group PLC
 
3,360,400
105,197,151
AstraZeneca PLC (United Kingdom)
 
1,781,200
236,145,872
BAE Systems PLC
 
7,401,400
110,400,179
Beazley PLC
 
2,466,535
17,020,198
Compass Group PLC
 
6,000,998
165,290,123
Diageo PLC
 
4,069,400
146,978,025
Diploma PLC
 
1,567,295
64,751,195
Flutter Entertainment PLC (b)
 
106,174
21,912,170
Halma PLC
 
1,882,800
52,326,569
Hiscox Ltd.
 
2,323,213
30,590,320
InterContinental Hotel Group PLC
 
555,800
52,663,768
London Stock Exchange Group PLC
 
1,078,000
121,936,963
RELX PLC (London Stock Exchange)
 
4,575,500
188,849,517
Sage Group PLC
 
6,272,800
93,645,340
Volution Group PLC
 
7,215,267
39,849,151
TOTAL UNITED KINGDOM
 
 
1,447,556,541
United States of America - 12.0%
 
 
 
CBRE Group, Inc. (b)
 
915,700
79,034,067
CDW Corp.
 
275,800
62,529,376
Experian PLC
 
2,094,700
87,186,433
Ferguson PLC
 
571,000
107,458,803
Fiserv, Inc. (b)
 
154,400
21,904,728
ICON PLC (b)
 
273,900
71,452,293
Linde PLC
 
334,000
135,213,220
Marsh & McLennan Companies, Inc.
 
745,100
144,430,184
Nestle SA (Reg. S)
 
707,170
80,582,451
S&P Global, Inc.
 
288,105
129,171,877
Schneider Electric SA
 
562,700
110,542,490
Thermo Fisher Scientific, Inc.
 
120,300
64,839,294
TOTAL UNITED STATES OF AMERICA
 
 
1,094,345,216
 
TOTAL COMMON STOCKS
 (Cost $6,270,922,023)
 
 
 
8,916,617,239
 
 
 
 
Nonconvertible Preferred Stocks - 0.0%
 
 
Shares
Value ($)
 
Sweden - 0.0%
 
 
 
Kry International AB Series E (b)(c)(d)
  (Cost $7,360,943)
 
16,101
992,690
 
 
 
 
Money Market Funds - 1.7%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (e)
 
 (Cost $156,270,351)
 
 
156,239,103
156,270,351
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.4%
 (Cost $6,434,553,317)
 
 
 
9,073,880,280
NET OTHER ASSETS (LIABILITIES) - 0.6%  
51,353,588
NET ASSETS - 100.0%
9,125,233,868
 
 
Legend
 
(a)
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 $126,707,828 or 1.4% of net assets.
 
(b)
Non-income producing
 
(c)
Level 3 security
 
(d)
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 $1,116,510 or 0.0% of net assets.
 
(e)
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.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
 
Kry International AB
5/14/21
1,210,410
 
 
 
Kry International AB Series E
5/14/21
7,360,943
 
 
 
 
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%
150,881,981
501,516,683
496,128,313
2,519,194
-
-
156,270,351
0.3%
Total
150,881,981
501,516,683
496,128,313
2,519,194
-
-
156,270,351
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
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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