A T C | Fidelity Total Emerging Markets Fund

Fund Summary

Fund/Class:

Fidelity^® Total Emerging Markets Fund/Fidelity Advisor^® Total Emerging Markets Fund A, T, C

Investment Objective

The fund seeks income and capital growth.

Fee Table

The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page (Click Here) of the prospectus.

Shareholder fees (fees paid directly from your investment)

Shareholder Fees A T C Fidelity Total Emerging Markets Fund	Fidelity Total Emerging Markets Fund - Class A		Fidelity Total Emerging Markets Fund - Class T		Fidelity Total Emerging Markets Fund - Class C
Maximum sales charge (load) on purchases (as a % of offering price)	5.75%		3.50%		none
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)	none	[1]	none	[1]	1.00%	[2]
Redemption fee on shares held less than 90 days (as a % of amount redeemed)	1.50%		1.50%		1.50%

Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)

Annual Class Operating Expenses A T C Fidelity Total Emerging Markets Fund		Fidelity Total Emerging Markets Fund - Class A	Fidelity Total Emerging Markets Fund - Class T	Fidelity Total Emerging Markets Fund - Class C
Management fee		0.81%	0.81%	0.81%
Distribution and/or Service (12b-1) fees		0.25%	0.50%	1.00%
Other expenses	[1]	0.81%	0.81%	0.81%
Total annual operating expenses		1.87%	2.12%	2.62%
Fee waiver and/or expense reimbursement	[2]	0.22%	0.22%	0.22%
Total annual operating expenses after fee waiver and/or expense reimbursement		1.65%	1.90%	2.40%

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 and if you hold your shares:

Sell All Shares

Expense Example A T C Fidelity Total Emerging Markets Fund (USD $)	Fidelity Total Emerging Markets Fund - Class A	Fidelity Total Emerging Markets Fund - Class T	Fidelity Total Emerging Markets Fund - Class C
1 year	733	536	343
3 years	1,104	965	789

Hold Shares

Expense Example, No Redemption A T C Fidelity Total Emerging Markets Fund (USD $)	Fidelity Total Emerging Markets Fund - Class A	Fidelity Total Emerging Markets Fund - Class T	Fidelity Total Emerging Markets Fund - Class C
1 year	733	536	243
3 years	1,104	965	789

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.

Principal Investment Strategies

• Normally invests at least 80% of the fund's assets in securities of issuers in emerging markets (countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets with similar emerging characteristics) and other investments that are tied economically to emerging markets.

• Normally investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral.

• Allocating the fund's assets across emerging markets sectors, using different Fidelity managers.

• Allocating investments across different emerging market countries.

• Analyzing a security's structural features and current pricing, trading opportunities, and the credit, currency, and economic risks of the security and its issuer 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.

• Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.

• Foreign and Emerging Market Risk. 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.

• Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.

• 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. Lower-quality debt securities (those of less than investment-grade quality) and certain types of other securities involve greater risk of default or price changes due to changes in the credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market, or economic developments.

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

Performance history will be available for the fund after the fund has been in operation for one calendar year.

[1] Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge (CDSC) of 1.00% or 0.25%, respectively.

[2] On Class C shares redeemed less than one year after purchase.

[1] Based on estimated amounts for the current fiscal year.

[2] Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Class A, Class T, and Class C of the fund to the extent that total operating expenses (excluding interest, taxes, certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of their respective average net assets, exceed the following rates: Class A: 1.65%, Class T: 1.90%, Class C: 2.40%. These arrangements will remain in effect through December 31, 2012, after which date FMR, in its sole discretion, may discontinue these arrangements at any time.