NPORT-EX 2 QTLY_94_20210731.htm

Quarterly Holdings Report
for

Fidelity® Overseas Fund

July 31, 2021







OVE-QTLY-0921
1.804876.117





Schedule of Investments July 31, 2021 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.8%   
 Shares Value 
Australia - 0.2%   
Lynas Rare Earths Ltd. (a) 2,956,336 $15,924,183 
Austria - 0.4%   
Erste Group Bank AG 1,056,600 40,998,444 
Bailiwick of Jersey - 1.0%   
Ferguson PLC 576,500 80,854,702 
Sanne Group PLC 1,291,727 15,154,024 
TOTAL BAILIWICK OF JERSEY  96,008,726 
Belgium - 0.8%   
KBC Groep NV 1,005,854 81,017,894 
Bermuda - 1.9%   
Genpact Ltd. 1,113,900 55,483,359 
Hiscox Ltd. (a) 2,862,313 34,868,582 
IHS Markit Ltd. 838,900 98,017,076 
TOTAL BERMUDA  188,369,017 
Canada - 1.2%   
Constellation Software, Inc. 68,800 110,205,181 
Topicus.Com, Inc. 122,288 9,213,748 
TOTAL CANADA  119,418,929 
Cayman Islands - 0.8%   
NetEase, Inc. ADR 225,800 23,079,018 
Parade Technologies Ltd. 939,000 57,716,216 
TOTAL CAYMAN ISLANDS  80,795,234 
China - 0.3%   
Gree Electric Appliances, Inc. of Zhuhai (A Shares) 4,762,408 35,009,848 
Denmark - 1.6%   
DSV Panalpina A/S 644,600 157,064,073 
Finland - 0.8%   
Nordea Bank ABP (Stockholm Stock Exchange) 6,843,100 80,135,519 
France - 12.5%   
Air Liquide SA 568,800 98,919,206 
ALTEN 482,756 76,737,687 
BNP Paribas SA 1,704,100 103,914,648 
Capgemini SA 650,533 140,641,373 
Dassault Systemes SA 1,890,600 104,331,533 
Edenred SA 1,372,279 79,732,875 
Legrand SA 996,600 112,312,778 
LVMH Moet Hennessy Louis Vuitton SE 287,163 229,922,041 
Pernod Ricard SA 425,400 93,911,783 
Safran SA 615,600 80,566,272 
SR Teleperformance SA 310,066 130,795,296 
TOTAL FRANCE  1,251,785,492 
Germany - 6.7%   
adidas AG 247,342 89,812,632 
Allianz SE 476,500 118,702,107 
Auto1 Group SE (b) 100,600 4,923,834 
Brenntag AG 697,300 69,647,893 
Deutsche Borse AG 476,000 79,475,192 
Hannover Reuck SE 453,500 76,337,145 
Merck KGaA 465,400 95,316,742 
SAP SE 271,545 38,969,811 
Siemens Healthineers AG (b) 1,224,300 80,865,505 
SUSE SA (a) 512,600 16,351,049 
TOTAL GERMANY  670,401,910 
Hong Kong - 1.5%   
AIA Group Ltd. 12,679,000 151,713,926 
India - 1.2%   
HDFC Bank Ltd. 3,499,900 67,417,543 
Reliance Industries Ltd. 1,865,200 51,063,530 
Reliance Industries Ltd. 142,253 2,698,642 
TOTAL INDIA  121,179,715 
Ireland - 2.3%   
Flutter Entertainment PLC (a) 184,574 31,556,617 
Kerry Group PLC Class A 354,348 52,543,165 
Kingspan Group PLC (Ireland) 767,500 83,487,979 
Linde PLC 200,600 61,662,434 
TOTAL IRELAND  229,250,195 
Italy - 2.4%   
FinecoBank SpA (a) 3,893,200 69,805,733 
GVS SpA (b) 528,100 8,081,316 
Moncler SpA 989,800 68,100,715 
Recordati SpA 1,469,630 90,967,930 
TOTAL ITALY  236,955,694 
Japan - 13.2%   
Daikin Industries Ltd. 381,400 79,648,805 
Elecom Co. Ltd. 1,236,200 21,691,673 
FUJIFILM Holdings Corp. 977,300 70,133,796 
Hoya Corp. 977,400 137,248,503 
Iriso Electronics Co. Ltd. 501,900 23,835,732 
Kao Corp. 861,200 51,854,010 
Keyence Corp. 176,760 97,866,117 
KH Neochem Co. Ltd. 89,644 2,110,665 
Nitori Holdings Co. Ltd. 266,800 50,712,328 
NOF Corp. 941,400 47,625,632 
Olympus Corp. 2,817,600 57,984,376 
Persol Holdings Co. Ltd. 2,250,200 45,022,460 
Recruit Holdings Co. Ltd. 2,120,500 109,906,893 
Relo Group, Inc. 1,679,400 36,847,143 
S Foods, Inc. 611,900 19,019,908 
SMC Corp. 135,100 79,800,191 
Sony Group Corp. 1,371,500 143,275,797 
Suzuki Motor Corp. 983,800 40,026,390 
TIS, Inc. 1,491,100 38,533,052 
Tokyo Electron Ltd. 272,700 112,468,424 
Tsuruha Holdings, Inc. 454,400 53,473,442 
TOTAL JAPAN  1,319,085,337 
Kenya - 0.4%   
Safaricom Ltd. 99,329,800 38,369,108 
Korea (South) - 0.7%   
Samsung Electronics Co. Ltd. 961,360 65,466,151 
Netherlands - 9.1%   
Akzo Nobel NV 595,400 73,525,128 
ASM International NV (Netherlands) 245,600 87,082,423 
ASML Holding NV (Netherlands) 382,100 292,071,396 
Corbion NV 135,800 7,439,263 
Euronext NV (b) 600,680 66,837,814 
IMCD NV 726,724 125,863,147 
Koninklijke Philips Electronics NV 1,410,498 65,037,357 
Prosus NV 767,300 68,457,321 
Wolters Kluwer NV 1,134,600 129,315,922 
TOTAL NETHERLANDS  915,629,771 
New Zealand - 0.0%   
EBOS Group Ltd. 66,746 1,442,490 
Norway - 0.7%   
Schibsted ASA (A Shares) 1,340,945 71,094,104 
Spain - 3.6%   
Aena SME SA (a)(b) 337,100 53,664,550 
Amadeus IT Holding SA Class A (a) 1,339,257 87,759,436 
Cellnex Telecom SA (b) 1,506,129 98,158,306 
Iberdrola SA 10,334,754 124,379,725 
TOTAL SPAIN  363,962,017 
Sweden - 7.8%   
Addlife AB 3,362,672 112,188,025 
AddTech AB (B Shares) 4,217,596 87,699,187 
ASSA ABLOY AB (B Shares) 2,947,700 94,551,291 
Atlas Copco AB (A Shares) 1,441,986 97,490,341 
Hexagon AB (B Shares) 7,645,142 126,554,614 
Indutrade AB 4,709,601 153,623,898 
Kry International AB (c) 2,787 1,182,353 
Nordnet AB 1,723,063 27,802,315 
Swedish Match Co. AB 9,258,800 82,912,291 
TOTAL SWEDEN  784,004,315 
Switzerland - 10.2%   
Julius Baer Group Ltd. 1,303,189 86,013,101 
Lonza Group AG 130,672 101,744,623 
Nestle SA (Reg. S) 2,012,980 254,903,010 
Roche Holding AG (participation certificate) 551,398 213,011,768 
Sika AG 379,092 133,541,157 
Sonova Holding AG Class B 262,921 103,299,204 
Temenos Group AG 263,020 41,811,426 
Zurich Insurance Group Ltd. 223,970 90,299,059 
TOTAL SWITZERLAND  1,024,623,348 
Taiwan - 0.8%   
Taiwan Semiconductor Manufacturing Co. Ltd. 3,888,000 81,335,785 
United Kingdom - 10.4%   
Beazley PLC (a) 7,574,600 41,314,595 
Bridgepoint Group Ltd. 3,688,457 24,865,733 
Compass Group PLC (a) 4,778,098 101,018,070 
Cranswick PLC 737,361 41,509,738 
Dechra Pharmaceuticals PLC 918,795 63,473,115 
Diageo PLC 2,971,200 147,330,698 
Diploma PLC 1,567,295 64,441,215 
Dr. Martens Ltd. (a) 788,600 4,746,347 
JTC PLC (b) 2,649,000 23,639,146 
London Stock Exchange Group PLC 613,658 63,986,892 
Mondi PLC 2,776,100 77,021,229 
RELX PLC (London Stock Exchange) 3,873,700 113,827,125 
Rentokil Initial PLC 12,048,400 94,923,560 
Smith & Nephew PLC 3,085,400 62,963,047 
St. James's Place Capital PLC 3,043,600 67,139,686 
Volution Group PLC 7,215,267 47,388,070 
TOTAL UNITED KINGDOM  1,039,588,266 
United States of America - 6.3%   
Ares Management Corp. 991,900 71,029,959 
Boston Scientific Corp. (a) 1,030,400 46,986,240 
CBRE Group, Inc. (a) 659,300 63,596,078 
Equifax, Inc. 247,900 64,602,740 
Fidelity National Information Services, Inc. 267,900 39,930,495 
Global Payments, Inc. 270,724 52,360,729 
Intercontinental Exchange, Inc. 544,300 65,223,469 
Marsh & McLennan Companies, Inc. 604,200 88,950,324 
Moody's Corp. 161,700 60,799,200 
Roper Technologies, Inc. 166,800 81,955,512 
TOTAL UNITED STATES OF AMERICA  635,434,746 
TOTAL COMMON STOCKS   
(Cost $6,272,812,820)  9,896,064,237 
Nonconvertible Preferred Stocks - 0.1%   
Sweden - 0.1%   
Kry International AB Series E (c)   
(Cost $7,360,943) 16,101 7,190,315 
Money Market Funds - 3.6%   
Fidelity Cash Central Fund 0.06% (d)   
(Cost $364,748,243) 364,675,308 364,748,243 
TOTAL INVESTMENT IN SECURITIES - 102.5%   
(Cost $6,644,922,006)  10,268,002,795 
NET OTHER ASSETS (LIABILITIES) - (2.5)%  (247,050,991) 
NET ASSETS - 100%  $10,020,951,804 

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

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 $336,170,471 or 3.4% of net assets.

 (c) Level 3 security

 (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.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund Income earned 
Fidelity Cash Central Fund $47,865 
Fidelity Securities Lending Cash Central Fund 215,416 
Total $263,281 

Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount 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.

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Fund Value, beginning of period Purchases Sales Proceeds Realized Gain/Loss Change in Unrealized appreciation (depreciation) Value, end of period % ownership, end of period 
Fidelity Cash Central Fund 0.06% $244,924,728 $1,605,590,699 $1,485,756,107 $(11,077) $-- $364,748,243 0.5% 
Fidelity Securities Lending Cash Central Fund 0.06% -- 176,985,514 176,985,514 -- -- -- 0.0% 
Total $244,924,728 $1,782,576,213 $1,662,741,621 $(11,077) $-- $364,748,243  

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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 each business day and are categorized as Level 1 in the 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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