0001752724-24-072068.txt : 20240327 0001752724-24-072068.hdr.sgml : 20240327 20240327162927 ACCESSION NUMBER: 0001752724-24-072068 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: 24791197 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 S000075294 Fidelity Sustainable Emerging Markets Equity Fund C000234201 Fidelity Advisor Sustainable Emerging 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Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_6468_20240131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Sustainable Emerging Markets Equity Fund
January 31, 2024
MAR-NPRT1-0324
1.9904434.101
Common Stocks - 93.5%
 
 
Shares
Value ($)
 
Brazil - 4.7%
 
 
 
Banco BTG Pactual SA unit
 
8,696
63,223
Banco do Brasil SA
 
3,005
34,239
Hapvida Participacoes e Investimentos SA (a)(b)
 
34,013
26,637
Localiza Rent a Car SA
 
3,231
35,294
Localiza Rent a Car SA rights 2/5/24 (a)
 
12
22
Nu Holdings Ltd. (a)
 
1,030
8,868
Raia Drogasil SA
 
4,179
21,340
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA
 
12,029
19,836
XP, Inc. Class A
 
605
14,871
TOTAL BRAZIL
 
 
224,330
China - 26.7%
 
 
 
Alibaba Group Holding Ltd.
 
16,315
146,329
Alibaba Group Holding Ltd. sponsored ADR
 
293
21,146
Anta Sports Products Ltd.
 
2,245
18,949
Baidu, Inc. sponsored ADR (a)
 
124
13,058
BYD Co. Ltd. (H Shares)
 
1,242
27,809
China Construction Bank Corp. (H Shares)
 
100,164
59,484
China Life Insurance Co. Ltd. (H Shares)
 
26,021
29,998
China Merchants Bank Co. Ltd. (H Shares)
 
1,923
7,010
Flat Glass Group Co. Ltd.
 
10,759
16,182
Haier Smart Home Co. Ltd.
 
4,255
12,023
Innovent Biologics, Inc. (a)(b)
 
5,390
21,716
JD.com, Inc. sponsored ADR
 
1,198
27,015
Kweichow Moutai Co. Ltd. (A Shares)
 
136
30,491
Lenovo Group Ltd.
 
14,765
15,460
Li Auto, Inc. ADR (a)
 
1,047
28,981
Meituan Class B (a)(b)
 
2,281
18,347
NetEase, Inc. ADR
 
525
51,261
New Oriental Education & Technology Group, Inc. sponsored ADR (a)
 
1,226
93,985
PDD Holdings, Inc. ADR (a)
 
735
93,249
Ping An Insurance Group Co. of China Ltd. (H Shares)
 
12,709
53,423
Qingdao Port International Co. Ltd. (H Shares) (b)
 
16,442
9,202
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares)
 
1,489
55,836
Sinotruk Hong Kong Ltd.
 
31,243
70,959
Tencent Holdings Ltd.
 
7,228
250,893
Trip.com Group Ltd. ADR (a)
 
1,211
44,274
WuXi AppTec Co. Ltd. (H Shares) (b)
 
1,197
8,282
Wuxi Biologics (Cayman), Inc. (a)(b)
 
4,489
11,813
Zhongji Innolight Co. Ltd. (A Shares)
 
2,032
29,029
Zijin Mining Group Co. Ltd. (H Shares)
 
12,576
18,661
TOTAL CHINA
 
 
1,284,865
Greece - 0.4%
 
 
 
OPAP SA
 
1,273
22,039
Hungary - 1.6%
 
 
 
OTP Bank PLC
 
665
30,809
Richter Gedeon PLC
 
1,698
45,837
TOTAL HUNGARY
 
 
76,646
India - 13.0%
 
 
 
Axis Bank Ltd.
 
4,528
58,193
Bharti Airtel Ltd.
 
3,246
45,770
HDFC Bank Ltd.
 
2,344
41,203
HDFC Bank Ltd. sponsored ADR
 
483
26,802
HDFC Standard Life Insurance Co. Ltd. (b)
 
4,036
28,013
Hindustan Unilever Ltd.
 
590
17,634
ICICI Bank Ltd.
 
3,343
41,386
Infosys Ltd. sponsored ADR
 
1,719
34,139
Larsen & Toubro Ltd.
 
1,417
59,297
MakeMyTrip Ltd. (a)
 
198
10,967
Mankind Pharma Ltd.
 
793
19,011
NTPC Ltd.
 
5,114
19,571
Reliance Industries Ltd.
 
1,165
40,008
Reliance Industries Ltd. GDR (b)
 
926
64,264
SRF Ltd.
 
378
10,568
Tata Consultancy Services Ltd.
 
315
14,462
Tata Steel Ltd.
 
7,651
12,523
Ultratech Cement Ltd.
 
305
37,277
Zomato Ltd. (a)
 
26,843
45,080
TOTAL INDIA
 
 
626,168
Indonesia - 2.8%
 
 
 
PT Bank Central Asia Tbk
 
96,345
58,291
PT Bank Mandiri (Persero) Tbk
 
52,631
22,158
PT Bank Negara Indonesia (Persero) Tbk
 
37,341
13,585
PT Bank Rakyat Indonesia (Persero) Tbk
 
46,975
16,922
PT Telkom Indonesia Persero Tbk
 
101,907
25,561
TOTAL INDONESIA
 
 
136,517
Korea (South) - 14.2%
 
 
 
AMOREPACIFIC Corp.
 
128
11,291
Hansol Chemical Co. Ltd.
 
59
8,831
Hyundai Marine & Fire Insurance Co. Ltd.
 
332
8,432
Hyundai Motor Co. Ltd.
 
503
73,162
JYP Entertainment Corp.
 
165
9,286
KB Financial Group, Inc.
 
620
26,312
Kia Corp.
 
717
55,074
LG Corp.
 
285
17,500
NAVER Corp.
 
371
55,325
Samsung Biologics Co. Ltd. (a)(b)
 
20
12,590
Samsung Electronics Co. Ltd.
 
5,654
307,224
SK Hynix, Inc.
 
1,004
100,542
TOTAL KOREA (SOUTH)
 
 
685,569
Mexico - 4.8%
 
 
 
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR
 
858
32,535
Fomento Economico Mexicano S.A.B. de CV sponsored ADR
 
258
34,969
Grupo Aeroportuario Norte S.A.B. de CV
 
1,171
10,720
Grupo Financiero Banorte S.A.B. de CV Series O
 
9,323
94,825
Wal-Mart de Mexico SA de CV Series V
 
13,653
56,408
TOTAL MEXICO
 
 
229,457
Peru - 0.6%
 
 
 
Credicorp Ltd. (United States)
 
209
31,022
Philippines - 0.7%
 
 
 
Ayala Land, Inc.
 
56,943
34,399
Saudi Arabia - 2.4%
 
 
 
Al Rajhi Bank
 
1,912
42,828
Alinma Bank
 
1,595
17,630
The Saudi National Bank
 
5,025
54,403
TOTAL SAUDI ARABIA
 
 
114,861
South Africa - 3.6%
 
 
 
Absa Group Ltd.
 
792
6,929
Bid Corp. Ltd.
 
924
22,412
Capitec Bank Holdings Ltd.
 
260
27,746
FirstRand Ltd.
 
5,260
19,082
Gold Fields Ltd. sponsored ADR
 
1,025
15,170
Naspers Ltd. Class N
 
215
36,027
Pepkor Holdings Ltd. (b)
 
14,162
14,599
Shoprite Holdings Ltd.
 
654
9,483
Standard Bank Group Ltd.
 
1,886
20,121
TOTAL SOUTH AFRICA
 
 
171,569
Taiwan - 17.4%
 
 
 
Alchip Technologies Ltd.
 
513
63,646
Chailease Holding Co. Ltd.
 
7,965
44,100
E Ink Holdings, Inc.
 
3,341
22,161
E.SUN Financial Holdings Co. Ltd.
 
13,632
10,762
eMemory Technology, Inc.
 
404
36,040
HIWIN Technologies Corp.
 
1,730
12,146
International Games Systems Co. Ltd.
 
1,589
42,047
King Yuan Electronics Co. Ltd.
 
3,657
9,771
MediaTek, Inc.
 
1,301
40,154
Realtek Semiconductor Corp.
 
778
11,646
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
4,369
493,524
Unimicron Technology Corp.
 
3,015
16,919
Yageo Corp.
 
1,940
34,130
TOTAL TAIWAN
 
 
837,046
Thailand - 0.6%
 
 
 
PTT Exploration and Production PCL (For. Reg.)
 
6,493
27,308
 
TOTAL COMMON STOCKS
 (Cost $4,237,084)
 
 
 
4,501,796
 
 
 
 
Nonconvertible Preferred Stocks - 1.2%
 
 
Shares
Value ($)
 
Brazil - 1.2%
 
 
 
Banco Bradesco SA (PN)
 
2,903
8,994
Itau Unibanco Holding SA
 
7,409
49,020
 
 
 
 
 
TOTAL NONCONVERTIBLE PREFERRED STOCKS
 (Cost $45,358)
 
 
 
58,014
 
 
 
 
Money Market Funds - 5.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (c)
 
 (Cost $240,275)
 
 
240,227
240,275
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.7%
 (Cost $4,522,717)
 
 
 
4,800,085
NET OTHER ASSETS (LIABILITIES) - 0.3% (d)
13,895
NET ASSETS - 100.0%
4,813,980
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
 
 
 
 
 
 
 
 
 
 
 
Equity Index Contracts
 
 
 
 
 
ICE MSCI Emerging Markets Index Contracts (United States)
1
Mar 2024
49,040
424
424
 
 
 
 
 
 
The notional amount of futures purchased as a percentage of Net Assets is 1.0%
 
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 $215,463 or 4.5% of net assets.
 
(c)
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.
 
(d)
Includes $8,876 of cash collateral to cover margin requirements for futures contracts.
 
 
 
 
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%
151,488
674,468
585,681
4,610
-
-
240,275
0.0%
Total
151,488
674,468
585,681
4,610
-
-
240,275
 
 
 
 
 
 
 
 
 
 
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.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 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.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
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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