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Inst | Fidelity Worldwide Fund
Fund Summary
Fund/Class:
Fidelity® Worldwide Fund/Fidelity Advisor® Worldwide Fund Institutional
Investment Objective
The fund seeks growth of capital.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.
Shareholder fees (fees paid directly from your investment)
Shareholder Fees
Inst
Fidelity Worldwide Fund
Fidelity Worldwide Fund - Institutional Class
Redemption fee on shares held (as a % of amount redeemed) [1] 1.00%
[1] Held less than 30 days
Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)
Annual Class Operating Expenses
Inst
Fidelity Worldwide Fund
Fidelity Worldwide Fund - Institutional Class
Management fee [1] 0.77%
Distribution and/or Service (12b-1) fees none
Other expenses 0.36%
Total annual operating expenses 1.13%
[1] (fluctuates based on the fund's performance relative to a securities market index)

This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds.

Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:

Expense Example (USD $)
Inst
Fidelity Worldwide Fund
Fidelity Worldwide Fund - Institutional Class
1 year 115
3 years 359
5 years 622
10 years 1,375
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 203% of the average value of its portfolio
Principal Investment Strategies
  • Investing in securities issued anywhere in the world.
  • Normally investing primarily in common stocks.
  • Allocating investments across different countries and regions.
  • Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions to select investments.
Principal Investment Risks
  • Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.
  • Foreign Exposure. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile.
  • Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.

An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund.

Performance

The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.

Visit www.advisor.fidelity.com for updated return information.

Year-by-Year Returns

Calendar Year

Bar Chart
During the period shown in the chart:
Returns
Quarter ended
Highest Quarter Return15.83% September 30, 2010
Lowest Quarter Return-12.31%June 30, 2010
Year-to-Date Return-11.81% September 30, 2011
Average Annual Returns
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.
For the periods ended
December 31, 2010
Average Annual Total Returns Inst Fidelity Worldwide Fund
Past 1 year
Life of class
Inception Date
Return Before Taxes Fidelity Worldwide Fund - Institutional Class
17.02% 34.67% [1] Feb. 19, 2009
Return After Taxes on Distributions Fidelity Worldwide Fund - Institutional Class
16.92% 34.57% [1] Feb. 19, 2009
Return After Taxes on Distributions and Sale of Fund Shares Fidelity Worldwide Fund - Institutional Class
11.32% 30.05% [1] Feb. 19, 2009
MSCI® World Index (reflects no deduction for fees or expenses)
12.16% 32.92% [1] Feb. 19, 2009
[1] From February 19, 2009.