N-Q 1 filing977.htm PRIMARY DOCUMENT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number   811-649


Fidelity Puritan Trust

 (Exact name of registrant as specified in charter)


245 Summer St., Boston, Massachusetts  02210

 (Address of principal executive offices)       (Zip code)


William C. Coffey, Secretary

245 Summer St.

Boston, Massachusetts  02210

(Name and address of agent for service)



Registrant's telephone number, including area code:

617-563-7000



Date of fiscal year end:

July 31



Date of reporting period:

October 31, 2018


Item 1.

Schedule of Investments






Quarterly Holdings Report
for

Fidelity® Low-Priced Stock Fund

October 31, 2018







LPS-QTLY-1218
1.809099.115





Schedule of Investments October 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 94.1%   
 Shares Value (000s) 
COMMUNICATION SERVICES - 3.8%   
Diversified Telecommunication Services - 0.0%   
AT&T, Inc. 19,715 $605 
Entertainment - 2.3%   
Activision Blizzard, Inc. 146,513 10,117 
Twenty-First Century Fox, Inc. Class A 15,500,527 705,584 
Viacom, Inc. Class B (non-vtg.) 1,267,553 40,536 
  756,237 
Interactive Media & Services - 0.4%   
Alphabet, Inc. Class C (a) 9,407 10,129 
Yahoo! Japan Corp. 45,037,341 140,507 
  150,636 
Media - 1.1%   
Comcast Corp. Class A 2,644,653 100,867 
Corus Entertainment, Inc. Class B (non-vtg.) 585,765 2,207 
Discovery Communications, Inc.:   
Class A (a)(b) 2,645,227 85,679 
Class C (non-vtg.) (a) 499,061 14,627 
DISH Network Corp. Class A (a) 209,980 6,455 
Entercom Communications Corp. Class A 50,107 325 
Gannett Co., Inc. 1,076,384 10,441 
Harte-Hanks, Inc. (a) 74,105 406 
Hyundai HCN 2,723,979 10,027 
Informa PLC 237,501 2,166 
Intage Holdings, Inc. (c) 3,306,600 28,455 
KK Culture Holdings Ltd. (a) 1,158,000 242 
MSG Network, Inc. Class A (a) 288,809 7,379 
Multiplus SA 536,800 3,641 
Omnicom Group, Inc. 50,000 3,716 
Pico Far East Holdings Ltd. 18,538,000 6,264 
Proto Corp. 235,200 3,116 
RKB Mainichi Broadcasting Corp. 42,400 2,236 
Saga Communications, Inc. Class A 397,449 13,927 
Sky Network Television Ltd. 5,847,362 8,547 
STW Group Ltd. 4,100,892 1,626 
Tegna, Inc. 1,174,466 13,553 
Television Broadcasts Ltd. 1,962,100 4,138 
TOW Co. Ltd. (c) 1,831,300 13,325 
TVA Group, Inc. Class B (non-vtg.) (a) 3,091,099 4,579 
WOWOW INC. 184,400 5,352 
  353,296 
TOTAL COMMUNICATION SERVICES  1,260,774 
CONSUMER DISCRETIONARY - 21.1%   
Auto Components - 1.2%   
Adient PLC (b) 499,082 15,182 
ASTI Corp. (b)(c) 181,200 3,066 
Autoliv, Inc. (b) 17,500 1,458 
Cooper Tire & Rubber Co. 1,297,832 40,090 
ElringKlinger AG (b) 698,718 5,928 
G-Tekt Corp. 175,000 2,471 
Gentex Corp. 2,537,679 53,418 
GUD Holdings Ltd. 295,435 2,582 
Hi-Lex Corp. 1,367,200 28,717 
INFAC Corp. 325,139 940 
INZI Controls Co. Ltd. (c) 1,516,000 5,501 
Lear Corp. 20,273 2,694 
Motonic Corp. (c) 3,250,000 23,841 
Murakami Corp. (c) 825,700 19,904 
Nippon Seiki Co. Ltd. 2,639,800 46,416 
Piolax, Inc. (c) 2,486,100 54,245 
S&T Holdings Co. Ltd. (c) 885,108 9,658 
Samsung Climate Control Co. Ltd. (c) 499,950 3,913 
Sewon Precision Industries Co. Ltd. (c) 500,000 3,488 
SJM Co. Ltd. (c) 1,282,000 3,343 
SJM Holdings Co. Ltd. (c) 1,149,068 3,288 
Strattec Security Corp. (c) 368,035 12,403 
Sungwoo Hitech Co. Ltd. 2,518,110 7,680 
TBK Co. Ltd. 925,900 3,783 
Yachiyo Industry Co. Ltd. 896,600 7,136 
Yutaka Giken Co. Ltd. (c) 1,228,100 24,054 
  385,199 
Automobiles - 0.0%   
Kabe Husvagnar AB (B Shares) 277,074 4,844 
Distributors - 0.1%   
Arata Corp. 77,400 3,512 
Central Automotive Products Ltd. 75,400 1,026 
Chori Co. Ltd. 430,500 7,116 
Nakayamafuku Co. Ltd. 716,600 3,918 
PALTAC Corp. 67,800 3,461 
SPK Corp. 253,600 5,446 
Uni-Select, Inc. 1,647,187 27,114 
  51,593 
Diversified Consumer Services - 0.1%   
Arco Platform Ltd. Class A 50,000 1,066 
Clip Corp. (c) 272,000 2,162 
Cross-Harbour Holdings Ltd. 2,321,000 3,877 
Estacio Participacoes SA 407,600 2,533 
Frontdoor, Inc. (a) 40,266 1,371 
ServiceMaster Global Holdings, Inc. (a) 59,759 2,562 
Shingakukai Holdings Co. Ltd. 99,900 502 
Step Co. Ltd. (c) 1,077,300 14,990 
Weight Watchers International, Inc. (a) 125,774 8,314 
  37,377 
Hotels, Restaurants & Leisure - 0.3%   
Ark Restaurants Corp. 125,407 2,942 
Bluegreen Vacations Corp. 232,333 3,044 
Brinker International, Inc. 25,214 1,093 
Flanigans Enterprises, Inc. 90,027 2,476 
Greggs PLC 499,482 7,412 
Hiday Hidaka Corp. 1,550,300 30,199 
Ibersol SGPS SA 912,355 8,784 
Koshidaka Holdings Co. Ltd. 294,120 3,423 
Kura Corp. Ltd. 10,000 580 
Sportscene Group, Inc. Class A (c) 331,600 2,015 
St. Marc Holdings Co. Ltd. 200,300 4,761 
Texas Roadhouse, Inc. Class A 113,313 6,851 
The Monogatari Corp. 50,000 4,467 
The Restaurant Group PLC 6,498,637 20,035 
TORIDOLL Holdings Corp. (b) 50,900 862 
Wyndham Destinations, Inc. 123,000 4,413 
  103,357 
Household Durables - 3.4%   
Abbey PLC (c) 1,775,890 29,166 
Barratt Developments PLC (c) 72,241,313 474,622 
Bellway PLC 3,914,975 143,668 
D.R. Horton, Inc. 2,866,806 103,090 
Dorel Industries, Inc. Class B (sub. vtg.) 2,585,365 42,263 
Emak SpA 4,388,097 6,083 
First Juken Co. Ltd. (c) 1,400,500 14,857 
Flexsteel Industries, Inc. 27,826 707 
Hamilton Beach Brands Holding Co.:   
Class A 176,552 4,100 
Class B 183,780 4,267 
Helen of Troy Ltd. (a)(c) 1,458,549 181,035 
Henry Boot PLC 2,949,666 9,972 
Iida Group Holdings Co. Ltd. 186,300 3,391 
M/I Homes, Inc. (a) 150,382 3,635 
Meritage Homes Corp. (a) 600,065 22,352 
P&F Industries, Inc. Class A (c) 322,495 2,570 
PulteGroup, Inc. 101,806 2,501 
Q.E.P. Co., Inc. 29,858 797 
Sanei Architecture Planning Co. Ltd. (c) 1,210,700 17,629 
Stanley Furniture Co., Inc. (a) 115,671 58 
Taylor Morrison Home Corp. (a) 210,457 3,481 
Token Corp. 623,700 40,351 
Toll Brothers, Inc. 105,000 3,534 
Tupperware Brands Corp. 29,354 1,030 
  1,115,159 
Internet & Direct Marketing Retail - 0.3%   
Aucnet, Inc. 197,300 2,069 
Belluna Co. Ltd. (c) 6,700,900 66,573 
Liberty Interactive Corp. QVC Group Series A (a) 780,973 17,135 
Moneysupermarket.com Group PLC 751,869 2,819 
  88,596 
Leisure Products - 0.1%   
Accell Group NV (c) 1,550,000 26,966 
Brunswick Corp. 143,100 7,440 
Fenix Outdoor AB Class B (a)(d) 32,298 
Mars Group Holdings Corp. 500,000 10,334 
Miroku Corp. 140,500 2,333 
Vista Outdoor, Inc. (a) 100,000 1,250 
  48,323 
Multiline Retail - 2.8%   
Big Lots, Inc. (b) 239,600 9,948 
Lifestyle China Group Ltd. (a) 22,500,500 9,096 
Lifestyle International Holdings Ltd. 24,000,000 41,439 
Macy's, Inc. 53,000 1,817 
Next PLC (c) 12,702,310 844,926 
Nordstrom, Inc. 40,000 2,631 
Watts Co. Ltd. 400,700 3,107 
  912,964 
Specialty Retail - 11.3%   
Aaron's, Inc. Class A 65,395 3,082 
Abercrombie & Fitch Co. Class A 1,250,080 24,627 
AT-Group Co. Ltd. 1,095,100 25,379 
AutoNation, Inc. (a) 78,859 3,192 
AutoZone, Inc. (a) 722,509 529,939 
Bed Bath & Beyond, Inc. 2,068,796 28,425 
Best Buy Co., Inc. 12,636,401 886,570 
BMTC Group, Inc. (c) 3,613,997 41,124 
Bonia Corp. Bhd 2,503,000 147 
Buffalo Co. Ltd. 93,200 737 
Burlington Stores, Inc. (a) 37,468 6,425 
Cars.com, Inc. (a)(b) 399,768 10,438 
Cash Converters International Ltd. (a) 24,147,204 4,531 
Chico's FAS, Inc. 654,958 5,024 
Delek Automotive Systems Ltd. 737,100 4,161 
DSW, Inc. Class A 150,000 3,983 
Dunelm Group PLC 800,011 6,100 
Ff Group (a)(c)(d) 4,363,428 18,978 
Formosa Optical Technology Co. Ltd. 1,362,000 2,525 
Francesca's Holdings Corp. (a)(b) 299,858 912 
GameStop Corp. Class A 3,030,465 44,245 
Genesco, Inc. (a) 599,091 25,635 
GNC Holdings, Inc. Class A (a) 949,973 3,496 
Goldlion Holdings Ltd. 21,953,000 8,650 
Guess?, Inc. (c) 4,938,084 104,885 
Hour Glass Ltd. 8,618,800 3,951 
IA Group Corp. (c) 117,640 3,868 
JB Hi-Fi Ltd. (b) 106,044 1,727 
John David Group PLC 7,906,780 41,265 
Jumbo SA (c) 10,027,525 146,287 
K's Holdings Corp. 4,790,300 60,539 
Ku Holdings Co. Ltd. 900,600 7,407 
Le Chateau, Inc. Class B (sub. vtg.) (a) 620,700 130 
Leon's Furniture Ltd. 186,348 2,452 
Lewis Group Ltd. 1,077,376 2,297 
Mr. Bricolage SA (c) 860,713 9,895 
Murphy U.S.A., Inc. (a) 47,767 3,851 
Nafco Co. Ltd. (c) 1,938,400 31,094 
Ross Stores, Inc. 11,750,498 1,163,299 
Sacs Bar Holdings, Inc. 150,900 1,337 
Sally Beauty Holdings, Inc. (a) 3,181,153 56,656 
Second Chance Properties Ltd. warrants 1/23/20 (a) 1,941,600 
Sonic Automotive, Inc. Class A (sub. vtg.) 800,619 14,507 
The Buckle, Inc. (b)(c) 4,502,441 91,850 
The Children's Place Retail Stores, Inc. 30,939 4,622 
Urban Outfitters, Inc. (a) 1,850,151 73,007 
USS Co. Ltd. 5,147,400 92,926 
Vitamin Shoppe, Inc. (a)(b) 873,939 6,791 
Williams-Sonoma, Inc. (b) 311,971 18,525 
Workman Co. Ltd. 1,250,800 79,148 
  3,710,644 
Textiles, Apparel & Luxury Goods - 1.5%   
Best Pacific International Holdings Ltd. 4,818,000 1,229 
Deckers Outdoor Corp. (a) 38,500 4,896 
Embry Holdings Ltd. 2,161,000 686 
Fossil Group, Inc. (a)(c) 4,138,034 89,837 
Gildan Activewear, Inc. 6,895,942 206,127 
Handsome Co. Ltd. (c) 2,000,000 63,804 
JLM Couture, Inc. (a)(c) 160,355 1,604 
Makalot Industrial Co. Ltd. 906,000 4,858 
McRae Industries, Inc. 24,161 612 
Michael Kors Holdings Ltd. (a) 76,284 4,227 
Steven Madden Ltd. 199,710 6,245 
Sun Hing Vision Group Holdings Ltd. (c) 19,833,000 6,120 
Texwinca Holdings Ltd. 48,936,000 16,599 
Victory City International Holdings Ltd. 90,567,225 1,328 
Wolverine World Wide, Inc. 103,786 3,650 
Youngone Corp. 500,000 15,666 
Youngone Holdings Co. Ltd. (c) 889,600 47,872 
Yue Yuen Industrial (Holdings) Ltd. 4,595,500 12,570 
  487,930 
TOTAL CONSUMER DISCRETIONARY  6,945,986 
CONSUMER STAPLES - 8.5%   
Beverages - 1.6%   
A.G. Barr PLC 3,076,444 30,043 
Baron de Ley SA (a) 129,900 15,817 
Britvic PLC 6,400,327 64,711 
C&C Group PLC 1,650,226 6,131 
Jinro Distillers Co. Ltd. 47,081 1,232 
Monster Beverage Corp. (a) 6,712,002 354,729 
Muhak Co. Ltd. (c) 2,799,256 28,581 
Olvi PLC (A Shares) 99,277 3,328 
Spritzer Bhd 5,120,400 2,570 
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares) 2,799,936 5,941 
  513,083 
Food & Staples Retailing - 5.0%   
Amsterdam Commodities NV 139,172 2,919 
Aoki Super Co. Ltd. 112,500 2,633 
Australasian Foods Holdco Pty Ltd. (a)(d) 3,481,102 2,219 
Belc Co. Ltd. (c) 1,650,600 84,260 
Casey's General Stores, Inc. 23,700 2,989 
Cosmos Pharmaceutical Corp. 965,000 197,302 
Create SD Holdings Co. Ltd. (c) 5,347,100 135,674 
Daikokutenbussan Co. Ltd. 548,800 20,525 
Dong Suh Companies, Inc. 1,050,000 17,163 
Genky DrugStores Co. Ltd. 733,600 23,731 
Halows Co. Ltd. (c) 1,325,700 28,985 
Kirindo Holdings Co. Ltd. 151,200 2,116 
Kroger Co. 551,184 16,403 
Kusuri No Aoki Holdings Co. Ltd. 675,800 48,513 
Majestic Wine PLC 1,500,432 7,508 
McColl's Retail Group PLC 1,446,367 2,362 
Medical System Network Co. Ltd. 69,500 330 
Metro, Inc. Class A (sub. vtg.) (c) 24,662,015 773,890 
North West Co., Inc. 111,752 2,436 
Performance Food Group Co. (a) 220,365 6,461 
Qol Holdings Co. Ltd. 1,852,300 39,054 
Retail Partners Co. Ltd. 250,200 2,856 
Sligro Food Group NV 300,919 13,344 
Sundrug Co. Ltd. 3,030,000 110,099 
Thai President Foods PCL 512,288 2,464 
Total Produce PLC 8,923,590 19,103 
United Natural Foods, Inc. (a) 1,000,519 21,741 
Valor Holdings Co. Ltd. 450,000 9,671 
Walgreens Boots Alliance, Inc. 27,852 2,222 
Walmart, Inc. 33,935 3,403 
Yaoko Co. Ltd. 850,100 46,410 
  1,648,786 
Food Products - 1.7%   
Carr's Group PLC 2,230,900 4,277 
Cranswick PLC 450,611 16,646 
Dean Foods Co. 196,383 1,569 
Devro PLC 1,150,246 2,411 
Food Empire Holdings Ltd. (c) 38,974,800 15,476 
Fresh Del Monte Produce, Inc. (c) 4,812,249 158,949 
Hilton Food Group PLC 652,617 7,691 
Inghams Group Ltd. (b) 1,677,688 4,633 
Ingredion, Inc. 406,234 41,103 
Japan Meat Co. Ltd. 167,800 3,041 
Kaveri Seed Co. Ltd. (a) 74,873 505 
Mitsui Sugar Co. Ltd. 351,300 9,465 
Nam Yang Dairy Products 10,500 5,531 
Origin Enterprises PLC (c) 9,199,309 59,079 
Pacific Andes International Holdings Ltd. (a)(d) 106,378,500 990 
Pacific Andes Resources Development Ltd. (a)(d) 207,240,893 1,646 
Pickles Corp. 99,600 1,976 
Rocky Mountain Chocolate Factory, Inc. (c) 436,321 3,617 
S Foods, Inc. 402,100 16,232 
Seaboard Corp. 39,475 152,571 
Select Harvests Ltd. 3,200,201 11,694 
Sunjin Co. Ltd. (a)(c) 2,376,955 22,915 
Want Want China Holdings Ltd. 13,499,000 9,640 
  551,657 
Household Products - 0.0%   
Central Garden & Pet Co. Class A (non-vtg.) (a) 87,630 2,598 
Personal Products - 0.1%   
Grape King Bio Ltd. 1,500,000 9,448 
Natural Alternatives International, Inc. (a) 131,621 1,248 
Sarantis SA (c) 4,005,208 31,846 
  42,542 
Tobacco - 0.1%   
Karelia Tobacco Co., Inc. 1,610 456 
Scandinavian Tobacco Group A/S (e) 1,775,731 26,945 
  27,401 
TOTAL CONSUMER STAPLES  2,786,067 
ENERGY - 6.0%   
Energy Equipment & Services - 1.6%   
AKITA Drilling Ltd. Class A (non-vtg.) 1,472,682 4,967 
Bristow Group, Inc. (a)(c) 2,748,436 30,260 
Carbo Ceramics, Inc. (a) 970,992 4,690 
Cathedral Energy Services Ltd. (a) 1,326,950 761 
Diamond Offshore Drilling, Inc. (a)(b) 4,900,530 69,490 
Divestco, Inc. (a) 2,899,000 88 
Dril-Quip, Inc. (a) 195,745 8,331 
Ensco PLC Class A (b) 11,351,797 81,052 
Fugro NV (Certificaten Van Aandelen) (a)(b) 1,321,088 17,058 
Geospace Technologies Corp. (a)(c) 1,148,900 14,625 
Gulf Island Fabrication, Inc. 59,879 509 
GulfMark Offshore, Inc. warrants 11/14/24 (a) 76,904 144 
John Wood Group PLC 683,959 6,244 
KLX Energy Services Holdings, Inc. (a) 100,000 2,889 
Liberty Oilfield Services, Inc. Class A (b) 1,750,783 33,230 
National Oilwell Varco, Inc. 249,728 9,190 
Ocean Rig UDW, Inc. (United States) (a) 250,000 7,573 
Oceaneering International, Inc. (a) 399,941 7,575 
Oil States International, Inc. (a) 2,315,809 51,573 
PHX Energy Services Corp. (a) 1,369,526 2,913 
Shinko Plantech Co. Ltd. 1,174,900 10,944 
Smart Sand, Inc. (a)(b) 375,008 1,039 
Solstad Offshore ASA (a)(b) 2,067,803 737 
Total Energy Services, Inc. 2,050,143 14,841 
Transocean Ltd. (United States) (a)(b) 3,185,654 35,074 
Unit Corp. (a)(c) 5,387,244 124,607 
  540,404 
Oil, Gas & Consumable Fuels - 4.4%   
Adams Resources & Energy, Inc. 133,579 5,417 
Beach Energy Ltd. 15,782,560 19,670 
Berry Petroleum Corp. 100,000 1,400 
Bonavista Energy Corp. 278,447 264 
Chevron Corp. 249,965 27,909 
China Petroleum & Chemical Corp. sponsored ADR (H Shares) 10,000 807 
CNX Resources Corp. (a) 293,265 4,590 
ConocoPhillips Co. 873,295 61,043 
CONSOL Energy, Inc. (a) 48,446 1,930 
Contango Oil & Gas Co. (a)(c) 2,599,689 13,128 
Denbury Resources, Inc. (a) 5,743,600 19,815 
Eni SpA 7,285,345 129,386 
Fuji Kosan Co. Ltd. (c) 637,500 3,526 
Great Eastern Shipping Co. Ltd. 5,100,000 21,601 
Hankook Shell Oil Co. Ltd. 48,000 14,493 
HollyFrontier Corp. 30,900 2,084 
KyungDong City Gas Co. Ltd. 208,063 6,565 
Kyungdong Invest Co. Ltd. 84,315 2,749 
Marathon Oil Corp. 3,764,734 71,492 
Marathon Petroleum Corp. 1,964,611 138,407 
Michang Oil Industrial Co. Ltd. (c) 173,900 11,736 
Murphy Oil Corp. (c) 10,820,025 344,726 
NACCO Industries, Inc. Class A 176,552 6,098 
Newfield Exploration Co. (a) 378,210 7,640 
Oil & Natural Gas Corp. Ltd. 31,000,000 64,234 
QEP Resources, Inc. (a) 1,800,069 16,039 
Reliance Industries Ltd. 162,800 2,336 
Southwestern Energy Co. (a)(c) 38,822,816 207,314 
Star Petroleum Refining PCL 7,445,700 3,166 
Thai Oil PCL (For. Reg.) 500,400 1,279 
Total SA sponsored ADR 1,550,787 90,876 
Whitecap Resources, Inc. 456,136 2,231 
Whiting Petroleum Corp. (a) 1,398,961 52,181 
World Fuel Services Corp. 1,864,425 59,662 
WPX Energy, Inc. (a) 1,036,018 16,618 
  1,432,412 
TOTAL ENERGY  1,972,816 
FINANCIALS - 12.1%   
Banks - 1.0%   
ACNB Corp. 83,850 3,362 
American National Bankshares, Inc. 42,200 1,523 
Associated Banc-Corp. 171,022 3,964 
BancFirst Corp. 65,670 3,768 
Bank Ireland Group PLC 11,458,526 81,051 
Bank of America Corp. 125,951 3,464 
Camden National Corp. 55,435 2,248 
Cathay General Bancorp 625,752 23,572 
Central Pacific Financial Corp. 147,641 3,992 
Codorus Valley Bancorp, Inc. (c) 660,740 17,344 
Cullen/Frost Bankers, Inc. 76,033 7,445 
Dah Sing Banking Group Ltd. 1,713,200 3,255 
Dimeco, Inc. 36,256 1,526 
East West Bancorp, Inc. 26,000 1,363 
First Bancorp, Puerto Rico (a) 1,850,140 17,077 
First Citizen Bancshares, Inc. 8,884 3,790 
First Hawaiian, Inc. 452,374 11,210 
Hanmi Financial Corp. 325,605 6,831 
Hope Bancorp, Inc. 825,410 11,952 
Huntington Bancshares, Inc. 113,500 1,626 
KeyCorp 148,277 2,693 
LCNB Corp. 140,897 2,394 
Meridian Bank/Malvern, PA (a) 148,930 2,520 
NIBC Holding NV 250,000 2,276 
OFG Bancorp 435,546 7,443 
Peoples Bancorp, Inc. 53,777 1,841 
PNC Financial Services Group, Inc. 27,404 3,521 
Popular, Inc. 34,800 1,810 
Regions Financial Corp. 203,911 3,460 
Signature Bank 13,500 1,484 
SpareBank 1 SR-Bank ASA (primary capital certificate) 1,233,555 13,726 
Sparebanken More (primary capital certificate) 208,532 6,902 
Sparebanken Nord-Norge 2,315,482 18,513 
Umpqua Holdings Corp. 84,800 1,628 
Van Lanschot NV (Bearer) 1,062,198 26,047 
Wells Fargo & Co. 548,197 29,181 
  335,802 
Capital Markets - 0.5%   
AllianceBernstein Holding LP 700,127 20,241 
Ameriprise Financial, Inc. 13,730 1,747 
Ares Capital Corp. 206,500 3,544 
Banca Generali SpA 129,514 2,498 
Close Brothers Group PLC 138,145 2,599 
Franklin Resources, Inc. 1,339,698 40,861 
GAMCO Investors, Inc. Class A 107,994 2,216 
Hamilton Lane, Inc. Class A 91,919 3,528 
Lazard Ltd. Class A 352,724 14,017 
OM Asset Management Ltd. 204,456 2,331 
State Street Corp. 436,431 30,005 
Tullett Prebon PLC 709,958 2,632 
Waddell & Reed Financial, Inc. Class A (b) 2,470,604 47,114 
  173,333 
Consumer Finance - 1.6%   
Aeon Credit Service (Asia) Co. Ltd. 12,750,000 10,649 
American Express Co. 37,528 3,855 
Discover Financial Services 563,749 39,276 
H&T Group PLC 538,783 1,894 
Navient Corp. 1,327,215 15,369 
Nicholas Financial, Inc. (a) 359,572 4,099 
Santander Consumer U.S.A. Holdings, Inc. 9,926,982 186,131 
Synchrony Financial 8,794,447 253,984 
  515,257 
Diversified Financial Services - 0.3%   
AXA Equitable Holdings, Inc. 3,200,561 64,939 
Far East Horizon Ltd. 2,513,000 2,435 
Ricoh Leasing Co. Ltd. 765,600 25,139 
  92,513 
Insurance - 7.8%   
AEGON NV 45,707,932 281,013 
AFLAC, Inc. 654,832 28,204 
Allstate Corp. 40,170 3,845 
April 2,187,623 39,645 
ASR Nederland NV 556,991 25,336 
Assurant, Inc. 2,250,088 218,731 
Aub Group Ltd. 246,187 2,348 
Axis Capital Holdings Ltd. 1,600,497 89,292 
CNO Financial Group, Inc. 136,500 2,580 
Employers Holdings, Inc. 92,040 4,230 
FBD Holdings PLC 145,047 1,766 
First American Financial Corp. 120,061 5,322 
Great-West Lifeco, Inc. 46,294 1,062 
Hartford Financial Services Group, Inc. 1,700,469 77,235 
Hiscox Ltd. 241,565 5,027 
Hyundai Fire & Marine Insurance Co. Ltd. 114,734 4,203 
Investors Title Co. 6,532 1,189 
Lincoln National Corp. 4,474,622 269,327 
MetLife, Inc. 14,062,659 579,241 
National Western Life Group, Inc. 132,121 35,578 
NN Group NV 1,151,464 49,560 
Primerica, Inc. 111,213 12,205 
Principal Financial Group, Inc. 64,000 3,012 
RenaissanceRe Holdings Ltd. 1,686,076 205,971 
Sony Financial Holdings, Inc. 2,445,000 56,405 
The Travelers Companies, Inc. 28,419 3,556 
Torchmark Corp. 89,244 7,555 
Universal Insurance Holdings, Inc. 40,000 1,679 
Unum Group (c) 15,095,575 547,366 
  2,562,483 
Mortgage Real Estate Investment Trusts - 0.5%   
Annaly Capital Management, Inc. 14,680,820 144,900 
MFA Financial, Inc. 277,769 1,925 
New Residential Investment Corp. 24,468 437 
Redwood Trust, Inc. 481,349 7,904 
  155,166 
Thrifts & Mortgage Finance - 0.4%   
ASAX Co. Ltd. 377,200 1,972 
Genworth MI Canada, Inc. 4,000,817 131,319 
Genworth Mortgage Insurance Ltd. 6,179,851 9,847 
Meridian Bancorp, Inc. Maryland 142,093 2,251 
WSFS Financial Corp. 37,500 1,595 
  146,984 
TOTAL FINANCIALS  3,981,538 
HEALTH CARE - 15.3%   
Biotechnology - 1.7%   
Amgen, Inc. 2,860,423 551,461 
Celgene Corp. (a) 26,389 1,889 
Cell Biotech Co. Ltd. 50,000 1,093 
Essex Bio-Technology Ltd. 250,000 163 
Gilead Sciences, Inc. 193,052 13,162 
United Therapeutics Corp. (a) 37,343 4,140 
  571,908 
Health Care Equipment & Supplies - 0.5%   
Apex Biotechnology Corp. 1,200,000 1,045 
Arts Optical International Holdings Ltd. (c) 22,312,000 5,377 
Boston Scientific Corp. (a) 231,781 8,377 
Hoshiiryou Sanki Co. Ltd. (c) 297,364 10,937 
LivaNova PLC (a) 59,134 6,622 
Microlife Corp. 3,683,500 10,030 
Nakanishi, Inc. 650,000 15,225 
Pacific Hospital Supply Co. Ltd. 1,454,000 3,142 
Prim SA (c) 1,437,100 20,347 
ResMed, Inc. 75,557 8,003 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 928,000 830 
St.Shine Optical Co. Ltd. 2,100,000 37,306 
Techno Medica Co. Ltd. 38,800 713 
Utah Medical Products, Inc. (c) 264,137 23,027 
Varex Imaging Corp. (a) 95,000 2,466 
Vieworks Co. Ltd. 5,000 142 
Zimmer Biomet Holdings, Inc. 200,062 22,725 
  176,314 
Health Care Providers & Services - 12.0%   
Aetna, Inc. 4,567,807 906,253 
Anthem, Inc. 1,862,831 513,340 
DVx, Inc. (c) 698,000 8,221 
Express Scripts Holding Co. (a) 650,000 63,031 
Hanger, Inc. (a)(c) 2,037,897 38,027 
Hi-Clearance, Inc. 1,489,000 4,670 
Humana, Inc. 9,482 3,038 
Laboratory Corp. of America Holdings (a) 8,400 1,349 
Medica Sur SA de CV 332,728 524 
MEDNAX, Inc. (a) 486,650 20,094 
Patterson Companies, Inc. 249,574 5,635 
Premier, Inc. (a) 143,733 6,468 
Quest Diagnostics, Inc. 28,948 2,724 
Ship Healthcare Holdings, Inc. 131,400 4,757 
Tokai Corp. 342,500 6,912 
Triple-S Management Corp. (a)(c) 1,658,416 28,458 
United Drug PLC (United Kingdom) 2,255,632 18,222 
UnitedHealth Group, Inc. 8,377,989 2,189,595 
Universal Health Services, Inc. Class B 627,771 76,312 
WIN-Partners Co. Ltd. (c) 2,528,500 25,501 
  3,923,131 
Health Care Technology - 0.1%   
Addlife AB 100,332 2,302 
Computer Programs & Systems, Inc. (b) 125,215 3,130 
ND Software Co. Ltd. (c) 1,204,400 13,439 
  18,871 
Pharmaceuticals - 1.0%   
Akorn, Inc. (a) 91,905 613 
Apex Healthcare Bhd 47,600 89 
Bliss Gvs Pharma Ltd. (a) 4,500,000 10,289 
Bristol-Myers Squibb Co. 45,818 2,316 
Daewon Pharmaceutical Co. Ltd. (c) 1,871,384 26,488 
Daewoong Co. Ltd. 350,000 4,264 
Daito Pharmaceutical Co. Ltd. 100,000 2,996 
Dawnrays Pharmaceutical Holdings Ltd. 36,000,000 8,263 
DongKook Pharmaceutical Co. Ltd. (c) 623,700 30,338 
FDC Ltd. (a) 2,901,164 7,896 
Fuji Pharma Co. Ltd. 648,700 10,199 
Genomma Lab Internacional SA de CV (a) 5,507,300 3,538 
Indivior PLC (a) 16,590,396 39,941 
Jazz Pharmaceuticals PLC (a) 19,345 3,072 
Korea United Pharm, Inc. 239,629 4,694 
Kwang Dong Pharmaceutical Co. Ltd. (c) 3,100,000 15,242 
Kyung Dong Pharmaceutical Co. Ltd. 960,000 9,634 
Lee's Pharmaceutical Holdings Ltd. 7,500,000 5,604 
Novo Nordisk A/S Series B sponsored ADR 1,076,594 46,487 
Phibro Animal Health Corp. Class A 148,059 6,355 
Recordati SpA 1,541,484 52,239 
Taro Pharmaceutical Industries Ltd. (a) 45,405 4,518 
Vivimed Labs Ltd. (a) 600,000 316 
Whanin Pharmaceutical Co. Ltd. (c) 1,750,000 26,074 
  321,465 
TOTAL HEALTH CARE  5,011,689 
INDUSTRIALS - 6.8%   
Aerospace & Defense - 0.2%   
Astronics Corp. (a) 86,812 2,531 
Austal Ltd. 1,411,147 1,789 
Engility Holdings, Inc. (a) 719,833 22,336 
Rockwell Collins, Inc. 200,000 25,604 
United Technologies Corp. 72,961 9,062 
Vectrus, Inc. (a) 17,400 466 
  61,788 
Air Freight & Logistics - 0.0%   
Air T, Inc. (a) 43,936 1,538 
Airlines - 0.1%   
Air New Zealand Ltd. 1,189,535 2,173 
American Airlines Group, Inc. 262,154 9,196 
JetBlue Airways Corp. (a) 359,150 6,009 
  17,378 
Building Products - 0.1%   
Continental Building Products, Inc. (a) 259,313 7,211 
COVIA Corp. (a)(b) 725,613 4,194 
Gibraltar Industries, Inc. (a) 106,527 3,797 
Kondotec, Inc. (c) 1,600,200 14,494 
  29,696 
Commercial Services & Supplies - 0.7%   
ABM Industries, Inc. 260,985 8,025 
Aeon Delight Co. Ltd. 114,700 3,842 
AJIS Co. Ltd. (c) 892,800 28,327 
Asia File Corp. Bhd 4,480,000 2,623 
Calian Technologies Ltd. (c) 625,174 12,304 
Civeo Corp. (a)(c) 11,929,673 34,000 
Essendant, Inc. 1,650,608 21,029 
Fursys, Inc. (c) 950,000 24,479 
KAR Auction Services, Inc. 27,500 1,566 
Lion Rock Group Ltd. 19,227,640 3,433 
Mears Group PLC 837,111 3,798 
Mitie Group PLC 13,667,708 25,384 
Nac Co. Ltd. 90,700 880 
NICE Total Cash Management Co., Ltd. 1,025,000 11,274 
Stericycle, Inc. (a) 54,700 2,733 
VICOM Ltd. 2,400,000 10,361 
VSE Corp. (c) 839,329 26,321 
  220,379 
Construction & Engineering - 1.1%   
AECOM (a) 6,956,869 202,723 
Arcadis NV 2,139,787 28,962 
Boustead Projs. Pte Ltd. 2,000,287 1,177 
Boustead Singapore Ltd. 4,044,700 2,278 
Daiichi Kensetsu Corp. (c) 1,728,700 25,616 
EMCOR Group, Inc. 159,209 11,301 
Geumhwa PSC Co. Ltd. (c) 360,000 9,891 
Kyeryong Construction Industrial Co. Ltd. (a)(c) 675,000 11,477 
Kyowa Exeo Corp. 100,037 2,695 
Meisei Industrial Co. Ltd. 1,104,500 8,330 
Mirait Holdings Corp. 400,300 6,464 
Nippon Rietec Co. Ltd. 1,168,900 15,176 
Severfield PLC 2,762,161 2,464 
Shinnihon Corp. 1,574,500 14,931 
Toshiba Plant Systems & Services Corp. 164,500 3,365 
United Integrated Services Co. 5,143,500 9,187 
  356,037 
Electrical Equipment - 0.4%   
Aichi Electric Co. Ltd. 317,000 8,920 
Aros Quality Group AB 725,232 11,491 
AZZ, Inc. 550,069 24,396 
Bharat Heavy Electricals Ltd. 30,750,000 28,584 
Chiyoda Integre Co. Ltd. 329,500 6,608 
Eaton Corp. PLC 48,307 3,462 
Generac Holdings, Inc. (a) 109,205 5,540 
Hammond Power Solutions, Inc. Class A 452,561 2,035 
I-Sheng Electric Wire & Cable Co. Ltd. (c) 12,500,000 16,109 
Korea Electric Terminal Co. Ltd. (c) 700,000 22,945 
Regal Beloit Corp. 46,710 3,349 
Servotronics, Inc. 114,683 1,109 
TKH Group NV (depositary receipt) 200,518 10,143 
  144,691 
Industrial Conglomerates - 0.8%   
DCC PLC (United Kingdom) 2,625,353 225,337 
ITT, Inc. 89,433 4,516 
Lifco AB 500,191 21,262 
Mytilineos Holdings SA 890,419 7,877 
Reunert Ltd. 1,699,842 9,189 
  268,181 
Machinery - 1.5%   
Aalberts Industries NV (c) 6,646,561 244,291 
Allison Transmission Holdings, Inc. 350,867 15,466 
ASL Marine Holdings Ltd. (a)(c) 45,187,913 2,447 
Cummins, Inc. 24,953 3,411 
Douglas Dynamics, Inc. 31,800 1,380 
Foremost Income Fund (a) 2,141,103 8,709 
Global Brass & Copper Holdings, Inc. 47,206 1,493 
Haitian International Holdings Ltd. 8,500,000 16,584 
Hurco Companies, Inc. 53,604 2,184 
Hwacheon Machine Tool Co. Ltd. (c) 219,900 8,152 
Hyster-Yale Materials Handling:   
Class A (c) 235,433 14,232 
Class B (c) 310,000 18,740 
Ihara Science Corp. (c) 983,500 17,337 
Jaya Holdings Ltd. (a)(c)(d) 3,239,440 68 
Kyowakogyosyo Co. Ltd. 45,000 2,154 
Luxfer Holdings PLC sponsored 276,266 6,376 
Maruzen Co. Ltd. (c) 1,589,000 32,221 
Miller Industries, Inc. 93,896 2,269 
Mincon Group PLC 2,158,692 2,934 
Nadex Co. Ltd. (c) 795,500 7,501 
Nakano Refrigerators Co. Ltd. 25,700 1,373 
Nitchitsu Co. Ltd. 55,800 934 
Rexnord Corp. (a) 228,556 6,128 
Semperit AG Holding (a) 400,700 6,626 
SIMPAC, Inc. 1,483,000 3,074 
Takamatsu Machinery Co. Ltd. 323,200 2,856 
Techno Smart Corp. (b) 425,000 2,934 
Tocalo Co. Ltd. 3,065,000 26,647 
Trinity Industrial Corp. 846,900 4,548 
WABCO Holdings, Inc. (a) 129,575 13,923 
  476,992 
Marine - 0.0%   
SITC International Holdings Co. Ltd. 4,512,000 3,314 
Tokyo Kisen Co. Ltd. (c) 829,500 5,741 
  9,055 
Professional Services - 0.2%   
Akka Technologies SA 75,557 4,989 
Asiakastieto Group Oyj (e) 82,580 2,712 
Boardroom Ltd. 2,574,042 1,487 
ICF International, Inc. 64,876 4,777 
Kelly Services, Inc. Class A (non-vtg.) 100,068 2,351 
McMillan Shakespeare Ltd. 1,750,353 20,452 
Nielsen Holdings PLC 645,228 16,763 
Robert Half International, Inc. 52,600 3,184 
SHL-JAPAN Ltd. 101,800 1,551 
Sporton International, Inc. 309,088 1,148 
Stantec, Inc. 400,247 10,416 
Synergie SA 127,600 3,902 
TrueBlue, Inc. (a) 187,217 4,368 
  78,100 
Road & Rail - 0.7%   
Alps Logistics Co. Ltd. (c) 2,856,400 21,796 
Chilled & Frozen Logistics Holdings Co. Ltd. 1,098,500 12,627 
CSX Corp. 89,024 6,130 
Daqin Railway Co. Ltd. (A Shares) 26,000,000 30,042 
Hamakyorex Co. Ltd. (c) 1,253,500 40,604 
Higashi Twenty One Co. Ltd. 250,200 1,122 
Knight-Swift Transportation Holdings, Inc. Class A 122,400 3,917 
Norfolk Southern Corp. 37,445 6,284 
Sakai Moving Service Co. Ltd. (c) 1,081,600 55,885 
Trancom Co. Ltd. (c) 855,500 48,903 
  227,310 
Trading Companies & Distributors - 0.9%   
AddTech AB (B Shares) 1,131,928 23,130 
AerCap Holdings NV (a) 232,124 11,625 
Alconix Corp. (c) 2,120,300 24,259 
Goodfellow, Inc. (a)(c) 723,079 3,762 
HD Supply Holdings, Inc. (a) 605,639 22,754 
HERIGE 60,993 1,672 
Houston Wire & Cable Co. (a) 76,246 477 
Itochu Corp. 3,300,000 61,202 
Kaman Corp. 11,200 711 
KS Energy Services Ltd. (a) 13,173,500 342 
Lumax International Corp. Ltd. 3,123,900 6,276 
Meiwa Corp. 1,717,700 6,607 
Mitani Shoji Co. Ltd. 735,300 35,059 
MRC Global, Inc. (a) 975,207 15,438 
Otec Corp. 124,300 2,048 
Parker Corp. (c) 2,220,000 11,195 
Richelieu Hardware Ltd. 700,992 13,451 
Senshu Electric Co. Ltd. (c) 894,900 20,692 
Strongco Corp. (a)(c) 849,615 1,517 
Tanaka Co. Ltd. 36,800 213 
TECHNO ASSOCIE Co. Ltd. 255,100 2,620 
Titan Machinery, Inc. (a) 729,535 10,396 
Totech Corp. (c) 926,400 25,780 
  301,226 
Transportation Infrastructure - 0.1%   
Anhui Expressway Co. Ltd. (H Shares) 6,694,000 3,884 
Isewan Terminal Service Co. Ltd. 1,292,700 8,157 
James Fisher and Sons PLC 127,253 2,755 
Meiko Transportation Co. Ltd. 829,400 8,350 
Qingdao Port International Co. Ltd. (a)(e) 5,711,000 3,350 
Sinwa Ltd. (c) 20,399,000 3,461 
  29,957 
TOTAL INDUSTRIALS  2,222,328 
INFORMATION TECHNOLOGY - 14.3%   
Communications Equipment - 0.1%   
F5 Networks, Inc. (a) 22,931 4,019 
InterDigital, Inc. 165,998 11,778 
Juniper Networks, Inc. 129,021 3,776 
  19,573 
Electronic Equipment & Components - 4.2%   
A&D Co. Ltd. 683,100 4,946 
AVX Corp. 150,000 2,502 
Cardtronics PLC (a) 112,400 3,053 
Casa Systems, Inc. (a)(b) 97,021 1,397 
CDW Corp. 173,076 15,579 
CTS Corp. 311,181 8,305 
Daido Signal Co. Ltd. 99,400 519 
Dynapack International Technology Corp. 3,200,000 4,010 
Elec & Eltek International Co. Ltd. 1,491,300 1,849 
Elematec Corp. (c) 1,180,800 25,241 
ePlus, Inc. (a) 98,213 8,336 
Excel Co. Ltd. (c) 745,800 12,757 
Fabrinet 82,500 3,574 
Hi-P International Ltd. 11,932,100 6,547 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 145,980,912 371,547 
IDIS Holdings Co. Ltd. (c) 800,000 8,063 
Image Sensing Systems, Inc. (a) 64,468 360 
Insight Enterprises, Inc. (a) 336,812 17,410 
INTOPS Co. Ltd. (c) 1,719,800 11,712 
Isra Vision AG 241,690 10,389 
Jabil, Inc. 120,000 2,968 
Keysight Technologies, Inc. (a) 2,635,824 150,453 
Kingboard Chemical Holdings Ltd. (c) 76,053,500 203,664 
Kingboard Laminates Holdings Ltd. 3,725,000 2,850 
Muramoto Electronic Thailand PCL (For. Reg.) (c) 1,228,600 7,855 
Nippo Ltd. (c) 736,700 2,350 
PAX Global Technology Ltd. 4,075,000 2,006 
Philips Lighting NV (e) 110,968 2,740 
Pinnacle Technology Holdings Ltd. 7,337,376 8,778 
Plexus Corp. (a) 146,239 8,540 
Redington India Ltd. 14,700,000 16,477 
Sanmina Corp. (a) 24,468 619 
ScanSource, Inc. (a)(c) 2,050,462 79,722 
Shibaura Electronics Co. Ltd. (c) 626,300 27,087 
Sigmatron International, Inc. (a) 170,707 726 
Simplo Technology Co. Ltd. 6,300,000 36,526 
SYNNEX Corp. (c) 2,700,847 209,613 
Tomen Devices Corp. (c) 538,200 12,130 
Tripod Technology Corp. 1,465,000 3,535 
TTM Technologies, Inc. (a) 925,994 10,834 
UKC Holdings Corp. (c) 1,150,500 22,493 
VST Holdings Ltd. (c) 118,976,800 56,288 
Wayside Technology Group, Inc. (c) 338,616 4,311 
Wireless Telecom Group, Inc. (a) 295,018 496 
  1,391,157 
IT Services - 3.8%   
ALTEN 610,716 58,901 
Amdocs Ltd. 6,256,832 395,870 
Argo Graphics, Inc. 393,600 14,912 
CACI International, Inc. Class A (a) 63,479 11,328 
Carbonite, Inc. (a) 272,385 9,318 
Computer Services, Inc. 258,354 12,936 
Conduent, Inc. (a) 584,500 11,164 
CSE Global Ltd. (c) 40,677,900 13,215 
Data#3 Ltd. 2,804,497 2,979 
Dimerco Data System Corp. 510,000 556 
E-Credible Co. Ltd. 129,349 1,780 
eClerx Services Ltd. (a) 1,684,608 24,234 
EOH Holdings Ltd. 6,392,071 14,212 
Estore Corp. (c) 274,300 2,424 
EVERTEC, Inc. 1,335,509 34,830 
ExlService Holdings, Inc. (a) 176,679 11,325 
Gabia, Inc. (c) 975,000 5,460 
Indra Sistemas SA (a)(c) 12,849,300 127,127 
Know IT AB (c) 1,392,111 27,078 
Leidos Holdings, Inc. 640,839 41,514 
Maximus, Inc. 268,392 17,437 
Net 1 UEPS Technologies, Inc. (a) 460,597 3,118 
Nice Information & Telecom, Inc. 90,620 1,505 
Rolta India Ltd. (a) 2,699,942 538 
Sabre Corp. 69,200 1,706 
Science Applications International Corp. 183,681 12,768 
Societe Pour L'Informatique Industrielle SA (c) 1,657,239 41,671 
Softcreate Co. Ltd. 602,100 8,548 
The Western Union Co. 17,900,727 322,929 
Total System Services, Inc. 98,600 8,987 
TravelSky Technology Ltd. (H Shares) 1,005,000 2,435 
WNS Holdings Ltd. sponsored ADR (a) 73,352 3,682 
  1,246,487 
Semiconductors & Semiconductor Equipment - 0.5%   
Amkor Technology, Inc. (a) 200,468 1,433 
Axell Corp. (c) 575,000 3,083 
Boe Varitronix Ltd. (b) 5,034,000 1,451 
Cirrus Logic, Inc. (a) 90,300 3,381 
Diodes, Inc. (a) 151,979 4,588 
Entegris, Inc. 280,264 7,438 
Integrated Device Technology, Inc. (a) 188,750 8,835 
Leeno Industrial, Inc. 575,000 30,186 
Melexis NV 1,060,500 69,788 
Miraial Co. Ltd. 150,000 1,367 
Nanometrics, Inc. (a) 248,195 7,957 
Phison Electronics Corp. 1,900,000 12,458 
Powertech Technology, Inc. 9,000,000 19,651 
Trio-Tech International (a)(c) 224,608 945 
United Microelectronics Corp. 4,331,000 1,650 
  174,211 
Software - 2.6%   
AdaptIT Holdings Ltd. 2,514,434 1,140 
ANSYS, Inc. (a) 3,325,193 497,283 
Aspen Technology, Inc. (a) 96,225 8,169 
Ebix, Inc. (b) 1,450,202 83,111 
ICT Automatisering NV (c) 475,679 6,546 
InfoVine Co. Ltd. (c) 175,000 3,413 
j2 Global, Inc. 87,137 6,347 
Jorudan Co. Ltd. (c) 392,900 3,412 
KSK Co., Ltd. (c) 531,500 7,767 
Micro Focus International PLC 215,068 3,334 
NetGem SA 849,884 1,088 
Nucleus Software Exports Ltd. 600,000 3,148 
Oracle Corp. 3,531,781 172,492 
Pegasystems, Inc. 147,658 7,903 
Pro-Ship, Inc. 252,500 5,594 
RealPage, Inc. (a) 200,587 10,631 
Vitec Software Group AB 600,086 5,495 
Zensar Technologies Ltd. 3,888,797 13,487 
  840,360 
Technology Hardware, Storage & Peripherals - 3.1%   
Compal Electronics, Inc. 67,500,000 37,172 
HP, Inc. 6,424,695 155,092 
Seagate Technology LLC (c) 18,260,388 734,615 
Super Micro Computer, Inc. (a) 1,200,618 15,728 
TPV Technology Ltd. 69,600,000 5,680 
Western Digital Corp. 41,758 1,799 
Xerox Corp. 2,446,803 68,192 
  1,018,278 
TOTAL INFORMATION TECHNOLOGY  4,690,066 
MATERIALS - 3.6%   
Chemicals - 2.4%   
Axalta Coating Systems Ltd. (a) 492,665 12,159 
C. Uyemura & Co. Ltd. 383,800 24,524 
Cabot Corp. 15,344 747 
Chase Corp. (c) 633,965 68,367 
Core Molding Technologies, Inc. (c) 680,326 4,633 
Deepak Fertilisers and Petrochemicals Corp. Ltd. 1,500,062 3,995 
DowDuPont, Inc. 98,470 5,310 
Eastman Chemical Co. 28,944 2,268 
EcoGreen International Group Ltd. (c) 50,122,080 10,035 
FMC Corp. 1,193,224 93,167 
Fujikura Kasei Co., Ltd. (c) 2,711,200 15,210 
Fuso Chemical Co. Ltd. 575,800 11,512 
Gujarat Narmada Valley Fertilizers Co. 4,800,000 21,579 
Gujarat State Fertilizers & Chemicals Ltd. (c) 28,500,000 40,345 
Honshu Chemical Industry Co. Ltd. (c) 762,700 7,915 
Huntsman Corp. 300,874 6,583 
Innospec, Inc. 799,627 53,511 
JSR Corp. 262,200 3,918 
KPC Holdings Corp. 43,478 2,324 
KPX Chemical Co. Ltd. 163,083 7,361 
KPX Green Chemical Co. Ltd. 150,000 492 
Miwon Chemicals Co. Ltd. 55,095 1,912 
Miwon Commercial Co. Ltd. 13,819 2,967 
Muto Seiko Co. Ltd. 238,200 1,254 
Nihon Parkerizing Co. Ltd. 332,700 4,019 
Nippon Soda Co. Ltd. 315,000 8,219 
SK Kaken Co. Ltd. 55,000 23,324 
Soken Chemical & Engineer Co. Ltd. (c) 667,000 10,410 
T&K Toka Co. Ltd. (c) 1,345,700 12,880 
Thai Carbon Black PCL (For. Reg.) (a) 11,472,900 18,424 
Thai Rayon PCL:   
(For. Reg.) 2,719,500 3,752 
NVDR 85,600 118 
The Chemours Co. LLC 259,548 8,568 
The Mosaic Co. 3,350,433 103,662 
UPL Ltd. (a) 875,000 7,978 
Westlake Chemical Corp. 106,840 7,618 
Yara International ASA 3,498,135 150,511 
Yip's Chemical Holdings Ltd. 25,692,000 7,732 
  769,303 
Construction Materials - 0.1%   
Brampton Brick Ltd. Class A (sub. vtg.) (a) 672,572 4,215 
Mitani Sekisan Co. Ltd. (c) 1,490,300 33,799 
RHI Magnesita NV 43,869 2,196 
  40,210 
Containers & Packaging - 0.2%   
AMVIG Holdings Ltd. 5,501,000 1,375 
Chuoh Pack Industry Co. Ltd. (c) 421,800 4,893 
Kohsoku Corp. (c) 1,737,600 16,046 
Pact Group Holdings Ltd. (e) 689,421 1,704 
Samhwa Crown & Closure Co. Ltd. 50,000 1,906 
Silgan Holdings, Inc. 247,111 5,938 
The Pack Corp. (c) 1,560,900 44,751 
  76,613 
Metals & Mining - 0.8%   
Ausdrill Ltd. 4,279,297 5,197 
Chubu Steel Plate Co. Ltd. 414,300 2,310 
Cleveland-Cliffs, Inc. (b) 12,750,121 137,191 
Compania de Minas Buenaventura SA sponsored ADR 2,256,390 31,228 
Freeport-McMoRan, Inc. 200,000 2,330 
Granges AB 262,218 2,774 
Hill & Smith Holdings PLC 799,599 10,123 
Livent Corp. 100,000 1,560 
Newmont Mining Corp. 68,836 2,128 
Nucor Corp. 28,300 1,673 
Orvana Minerals Corp. (a) 764,857 90 
Pacific Metals Co. Ltd. 348,000 9,764 
Steel Dynamics, Inc. 73,859 2,925 
Tohoku Steel Co. Ltd. (c) 625,700 7,298 
Tokyo Tekko Co. Ltd. (c) 762,100 9,881 
Universal Stainless & Alloy Products, Inc. (a) 73,632 1,446 
Warrior Metropolitan Coal, Inc. (b) 1,037,429 29,048 
Webco Industries, Inc. (a) 7,595 873 
Worthington Industries, Inc. 78,970 3,307 
  261,146 
Paper & Forest Products - 0.1%   
Louisiana-Pacific Corp. 105,226 2,291 
Stella-Jones, Inc. (b) 596,610 19,107 
Western Forest Products, Inc. 1,949,247 2,606 
  24,004 
TOTAL MATERIALS  1,171,276 
REAL ESTATE - 0.6%   
Equity Real Estate Investment Trusts (REITs) - 0.3%   
Colony Capital, Inc. 1,910,980 11,217 
CorePoint Lodging, Inc. 10,000 164 
Corrections Corp. of America 1,359,201 30,528 
Four Corners Property Trust, Inc. 225,206 5,873 
National Health Investors, Inc. 28,419 2,088 
NSI NV 8,464 334 
Public Storage 13,000 2,671 
Spirit Realty Capital, Inc. 436,500 3,413 
Store Capital Corp. 200,862 5,831 
Ventas, Inc. 55,322 3,211 
VEREIT, Inc. 3,614,188 26,492 
Washington Prime Group, Inc. 92,996 595 
  92,417 
Real Estate Management & Development - 0.3%   
Anabuki Kosan, Inc. 42,950 1,140 
CBRE Group, Inc. (a) 55,000 2,216 
Century21 Real Estate Japan Ltd. 110,000 1,202 
Devine Ltd. (a) 1,760,889 374 
IMMOFINANZ Immobilien Anlagen AG 102,412 2,443 
Leopalace21 Corp. 1,400,000 5,844 
LSL Property Services PLC 1,420,582 4,539 
Relo Group, Inc. 2,150,400 50,808 
Selvaag Bolig ASA 944,200 4,228 
Servcorp Ltd. 759,770 1,888 
Sino Land Ltd. 2,776,000 4,354 
Tejon Ranch Co. (a) 432,058 8,209 
Wing Tai Holdings Ltd. 1,723,800 2,402 
  89,647 
TOTAL REAL ESTATE  182,064 
UTILITIES - 2.0%   
Electric Utilities - 1.9%   
Exelon Corp. 3,126,039 136,952 
PG&E Corp. 3,500,471 163,857 
PPL Corp. 10,200,627 310,099 
  610,908 
Gas Utilities - 0.0%   
Busan City Gas Co. Ltd. 35,826 1,118 
China Resource Gas Group Ltd. 758,000 2,900 
Hokuriku Gas Co. 152,700 3,995 
K&O Energy Group, Inc. 325,000 4,519 
Keiyo Gas Co. Ltd. 118,900 2,887 
Star Gas Partners LP 198,111 1,894 
  17,313 
Independent Power and Renewable Electricity Producers - 0.1%   
Mega First Corp. Bhd (c) 32,000,045 23,171 
Mega First Corp. Bhd warrants 4/8/20 (a) 3,800,000 1,035 
The AES Corp. 175,000 2,552 
  26,758 
Multi-Utilities - 0.0%   
CMS Energy Corp. 321,690 15,930 
Water Utilities - 0.0%   
Manila Water Co., Inc. 5,619,100 2,629 
TOTAL UTILITIES  673,538 
TOTAL COMMON STOCKS   
(Cost $16,384,198)  30,898,142 
Nonconvertible Preferred Stocks - 0.1%   
CONSUMER STAPLES - 0.0%   
Food Products - 0.0%   
Nam Yang Dairy Products 4,917 797 
ENERGY - 0.0%   
Oil, Gas & Consumable Fuels - 0.0%   
Centrus Energy Corp. 7.50% (a)(d)(e) 6,395 224 
INDUSTRIALS - 0.0%   
Industrial Conglomerates - 0.0%   
Steel Partners Holdings LP Series A, 6.00% 163,209 3,468 
MATERIALS - 0.1%   
Construction Materials - 0.1%   
Buzzi Unicem SpA (Risparmio Shares) 1,531,895 17,212 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $20,295)  21,701 
 Principal Amount (000s) Value (000s) 
Nonconvertible Bonds - 0.0%   
ENERGY - 0.0%   
Oil, Gas & Consumable Fuels - 0.0%   
Centrus Energy Corp. 8.25% 2/28/27(e)   
(Cost $10,376) 4,603 3,660 
 Shares Value (000s) 
Money Market Funds - 7.2%   
Fidelity Cash Central Fund, 2.23% (f) 1,973,823,401 1,974,218 
Fidelity Securities Lending Cash Central Fund 2.23% (f)(g) 391,592,122 391,631 
TOTAL MONEY MARKET FUNDS   
(Cost $2,365,454)  2,365,849 
TOTAL INVESTMENT IN SECURITIES - 101.4%   
(Cost $18,780,323)  33,289,352 
NET OTHER ASSETS (LIABILITIES) - (1.4)%  (446,524) 
NET ASSETS - 100%  $32,842,828 

Values shown as $0 in the Schedule of Investments may reflect amounts less than $500.

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Affiliated company

 (d) Level 3 security

 (e) 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 $41,335,000 or 0.1% of net assets.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

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 
 (Amounts in thousands) 
Fidelity Cash Central Fund $13,992 
Fidelity Securities Lending Cash Central Fund 2,171 
Total $16,163 

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

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliate (Amounts in thousands) Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Aalberts Industries NV $301,560 $-- $-- $-- $-- $(57,269) $244,291 
Abbey PLC 31,773 -- -- 204 -- (2,607) 29,166 
Accell Group NV 36,577 -- 4,054 -- (1,461) (4,096) 26,966 
Air T, Inc. 6,043 -- 4,785 -- 3,182 (2,902) -- 
AJIS Co. Ltd. 27,747 -- -- -- -- 580 28,327 
Alconix Corp. 32,597 -- -- 322 -- (8,338) 24,259 
Alps Logistics Co. Ltd. 21,765 -- -- 205 -- 31 21,796 
Arts Optical International Holdings Ltd. 5,935 -- 75 143 (64) (419) 5,377 
ASL Marine Holdings Ltd. 3,319 -- -- -- -- (872) 2,447 
ASTI Corp. 3,940 -- -- -- -- (874) 3,066 
Axell Corp. 5,341 -- 1,158 -- (5,131) 4,031 3,083 
Barratt Developments PLC 506,341 -- -- 33,644 -- (31,719) 474,622 
Belc Co. Ltd. 79,124 -- -- 452 -- 5,136 84,260 
Belluna Co. Ltd. 81,345 -- 3,052 404 1,170 (12,890) 66,573 
BMTC Group, Inc. 42,943 -- 232 -- 222 (1,809) 41,124 
Bristow Group, Inc. 30,021 6,739 -- -- -- (6,500) 30,260 
Calian Technologies Ltd. 15,163 -- -- 115 -- (2,859) 12,304 
Chase Corp. 83,869 -- 5,516 -- 4,789 (14,775) 68,367 
Chuoh Pack Industry Co. Ltd. 5,281 -- -- 67 -- (388) 4,893 
Civeo Corp. 45,452 -- -- -- -- (11,452) 34,000 
Clip Corp. 2,255 -- -- -- -- (93) 2,162 
Codorus Valley Bancorp, Inc. 19,497 156 -- 98 -- (2,309) 17,344 
Contango Oil & Gas Co. 14,584 -- -- -- -- (1,456) 13,128 
Core Molding Technologies, Inc. 5,129 2,675 -- -- -- (3,171) 4,633 
Create SD Holdings Co. Ltd. 132,942 -- -- -- -- 2,732 135,674 
CSE Global Ltd. 13,446 -- -- 371 -- (231) 13,215 
Daewon Pharmaceutical Co. Ltd. 32,353 -- -- -- -- (5,865) 26,488 
Daiichi Kensetsu Corp. 27,504 -- -- -- -- (1,888) 25,616 
DongKook Pharmaceutical Co. Ltd. 35,177 -- -- -- -- (4,839) 30,338 
DVx, Inc. 8,927 -- -- -- -- (706) 8,221 
EcoGreen International Group Ltd. 10,664 -- -- -- -- (629) 10,035 
Elematec Corp. 27,752 -- -- 283 -- (2,511) 25,241 
Estore Corp. 2,452 -- 92 -- 35 29 2,424 
Excel Co. Ltd. 16,942 -- -- 60 -- (4,185) 12,757 
Ff Group 24,491 -- -- -- -- (5,513) 18,978 
First Juken Co. Ltd. 17,548 -- -- 247 -- (2,691) 14,857 
Food Empire Holdings Ltd. 17,941 -- 47 -- (3) (2,415) 15,476 
Fossil Group, Inc. 108,416 -- -- -- -- (18,579) 89,837 
Fresh Del Monte Produce, Inc. 174,685 -- -- 722 -- (15,736) 158,949 
Fuji Kosan Co. Ltd. 3,729 -- -- -- -- (203) 3,526 
Fujikura Kasei Co., Ltd. 15,712 -- -- 173 -- (502) 15,210 
Fursys, Inc. 25,681 -- -- -- -- (1,202) 24,479 
Gabia, Inc. 8,126 -- -- -- -- (2,666) 5,460 
Geospace Technologies Corp. 16,165 -- -- -- -- (1,540) 14,625 
Geumhwa PSC Co. Ltd. 10,669 -- -- -- -- (778) 9,891 
Goodfellow, Inc. 4,058 -- -- -- -- (296) 3,762 
Guess?, Inc. 111,897 -- -- 1,111 -- (7,012) 104,885 
Gujarat State Fertilizers & Chemicals Ltd. 48,562 -- -- 863 -- (8,217) 40,345 
Halows Co. Ltd. 29,828 772 -- 125 -- (1,615) 28,985 
Hamakyorex Co. Ltd. 43,329 -- -- 300 -- (2,725) 40,604 
Handsome Co. Ltd. 67,806 -- -- -- -- (4,002) 63,804 
Hanger, Inc. 43,651 -- 8,707 -- (1,836) 4,919 38,027 
Helen of Troy Ltd. 192,471 -- 26,592 -- 25,568 (10,412) 181,035 
Hiday Hidaka Corp. 39,244 -- 5,936 247 4,329 (7,438) -- 
Honshu Chemical Industry Co. Ltd. 7,715 -- -- 61 -- 200 7,915 
Hoshiiryou Sanki Co. Ltd. 10,891 -- 42 71 84 10,937 
Hwacheon Machine Tool Co. Ltd. 10,270 -- -- -- -- (2,118) 8,152 
Hyster-Yale Materials Handling Class A 15,257 209 -- 73 -- (1,234) 14,232 
Hyster-Yale Materials Handling Class B 20,386 -- -- 96 -- (1,646) 18,740 
I-Sheng Electric Wire & Cable Co. Ltd. 17,495 -- -- -- (1,386) 16,109 
IA Group Corp. 3,987 -- -- 56 -- (119) 3,868 
ICT Automatisering NV 8,682 -- 258 -- 53 (1,931) 6,546 
IDIS Holdings Co. Ltd. 10,166 -- -- -- -- (2,103) 8,063 
Ihara Science Corp. 19,975 -- -- -- -- (2,638) 17,337 
Indra Sistemas SA 156,113 -- -- -- -- (28,986) 127,127 
InfoVine Co. Ltd. 3,709 -- -- -- -- (296) 3,413 
Intage Holdings, Inc. 34,244 -- -- -- -- (5,789) 28,455 
Intelligent Digital Integrated Security Co. Ltd. 7,137 -- 19,559 -- 12,178 244 -- 
INTOPS Co. Ltd. 14,024 -- -- 64 -- (2,312) 11,712 
INZI Controls Co. Ltd. 7,407 -- -- -- -- (1,906) 5,501 
Isra Vision AG 76,909 -- 56,387 -- 51,197 (61,330) -- 
Jaya Holdings Ltd. 69 -- -- -- -- (1) 68 
JLM Couture, Inc. 1,267 -- -- -- -- 337 1,604 
Jorudan Co. Ltd. 4,066 -- 265 42 (393) 3,412 
Jumbo SA 160,642 -- -- -- -- (14,355) 146,287 
Kingboard Chemical Holdings Ltd. 265,008 -- -- 10,673 -- (61,344) 203,664 
Know IT AB 27,548 -- -- -- -- (470) 27,078 
Kohsoku Corp. 21,243 -- -- 201 -- (5,197) 16,046 
Kondotec, Inc. 14,329 326 -- 166 -- (161) 14,494 
Korea Electric Terminal Co. Ltd. 28,981 -- -- -- -- (6,036) 22,945 
KSK Co., Ltd. 8,551 -- -- -- -- (784) 7,767 
Kwang Dong Pharmaceutical Co. Ltd. 20,881 -- -- -- -- (5,639) 15,242 
Kyeryong Construction Industrial Co. Ltd. 13,397 -- -- -- -- (1,920) 11,477 
Maruzen Co. Ltd. 31,406 -- -- 166 -- 815 32,221 
Mega First Corp. Bhd 28,477 -- 577 155 149 (4,878) 23,171 
Metro, Inc. Class A (sub. vtg.) 831,515 -- -- 5,752 -- (57,625) 773,890 
Michang Oil Industrial Co. Ltd. 12,557 -- -- -- -- (821) 11,736 
Mitani Sekisan Co. Ltd. 36,133 -- -- 113 -- (2,334) 33,799 
Motonic Corp. 26,269 -- -- -- -- (2,428) 23,841 
Mr. Bricolage SA 13,235 -- -- -- -- (3,340) 9,895 
Muhak Co. Ltd. 38,087 -- -- -- -- (9,506) 28,581 
Murakami Corp. 21,350 1,044 -- 116 -- (2,490) 19,904 
Muramoto Electronic Thailand PCL (For. Reg.) 7,016 -- -- -- -- 839 7,855 
Murphy Oil Corp. 362,834 4,908 8,685 2,727 989 (15,320) 344,726 
Nadex Co. Ltd. 7,449 -- -- 76 -- 52 7,501 
Nafco Co. Ltd. 31,794 -- -- 294 -- (700) 31,094 
ND Software Co. Ltd. 12,926 -- -- 72 -- 513 13,439 
Next PLC 989,675 -- -- -- -- (144,749) 844,926 
Nippo Ltd. 2,971 -- -- -- -- (621) 2,350 
Origin Enterprises PLC 64,974 -- -- -- -- (5,895) 59,079 
P&F Industries, Inc. Class A 2,683 -- -- 16 -- (113) 2,570 
Parker Corp. 10,960 -- -- 97 -- 235 11,195 
Piolax, Inc. 60,277 -- -- 447 -- (6,032) 54,245 
Prim SA 22,014 -- -- 31 -- (1,667) 20,347 
Roadrunner Transportation Systems, Inc. 6,911 -- 4,101 -- (22,024) 19,214 -- 
Rocky Mountain Chocolate Factory, Inc. 4,481 -- -- 52 -- (864) 3,617 
S&T Holdings Co. Ltd. 10,056 -- -- -- -- (398) 9,658 
Sakai Moving Service Co. Ltd. 57,168 -- -- 130 -- (1,283) 55,885 
Samsung Climate Control Co. Ltd. 4,804 -- -- -- -- (891) 3,913 
Sanei Architecture Planning Co. Ltd. 21,406 -- -- 468 -- (3,777) 17,629 
Sarantis SA 32,784 -- -- -- -- (938) 31,846 
ScanSource, Inc. 93,159 -- 8,515 -- 1,415 (6,337) 79,722 
Seagate Technology LLC 979,279 -- 17,500 11,536 12,587 (239,751) 734,615 
Senshu Electric Co. Ltd. 26,771 -- -- 179 -- (6,079) 20,692 
Sewon Precision Industries Co. Ltd. 4,625 -- -- 37 -- (1,137) 3,488 
Shibaura Electronics Co. Ltd. 26,494 -- -- -- -- 593 27,087 
Sinwa Ltd. 3,446 -- -- 111 -- 15 3,461 
SJM Co. Ltd. 4,312 -- -- -- -- (969) 3,343 
SJM Holdings Co. Ltd. 4,506 -- 492 -- (94) (632) 3,288 
Societe Pour L'Informatique Industrielle SA 48,447 -- -- 248 -- (6,776) 41,671 
Soken Chemical & Engineer Co. Ltd. 12,151 -- -- -- -- (1,741) 10,410 
Southwestern Energy Co. 65,794 136,962 -- -- -- 4,558 207,314 
Sportscene Group, Inc. Class A 2,039 -- -- -- -- (24) 2,015 
Step Co. Ltd. 15,560 -- -- 146 -- (570) 14,990 
Strattec Security Corp. 11,320 917 -- 52 -- 166 12,403 
Strongco Corp. 1,437 -- -- -- -- 80 1,517 
Sun Hing Vision Group Holdings Ltd. 6,974 -- -- 303 -- (854) 6,120 
Sunjin Co. Ltd. 29,566 -- -- -- -- (6,651) 22,915 
SYNNEX Corp. 260,551 -- -- 945 -- (50,938) 209,613 
T&K Toka Co. Ltd. 15,501 -- -- 183 -- (2,621) 12,880 
The Buckle, Inc. 108,284 -- -- 1,126 -- (16,434) 91,850 
The Pack Corp. 49,627 -- -- -- -- (4,876) 44,751 
Tohoku Steel Co. Ltd. 8,562 -- -- 60 -- (1,264) 7,298 
Tokyo Kisen Co. Ltd. 5,987 -- -- -- -- (246) 5,741 
Tokyo Tekko Co. Ltd. 11,941 -- -- 61 -- (2,060) 9,881 
Tomen Devices Corp. 13,785 -- -- -- -- (1,655) 12,130 
Totech Corp. 21,516 -- -- 126 -- 4,264 25,780 
TOW Co. Ltd. 13,217 -- -- -- -- 108 13,325 
Trancom Co. Ltd. 62,738 -- -- 301 -- (13,835) 48,903 
Trio-Tech International 1,038 -- -- -- -- (93) 945 
Triple-S Management Corp. 59,125 -- 157 -- 33 (30,543) 28,458 
UKC Holdings Corp. 25,947 -- 2,516 624 829 (1,767) 22,493 
Unit Corp. 134,142 -- -- -- -- (9,535) 124,607 
Unum Group 599,747 -- -- 3,925 -- (52,381) 547,366 
Utah Medical Products, Inc. 27,463 -- 1,757 72 1,599 (4,278) 23,027 
VSE Corp. 36,175 -- -- -- -- (9,854) 26,321 
VST Holdings Ltd. 64,422 -- -- -- -- (8,134) 56,288 
Wayside Technology Group, Inc. 3,713 770 -- 47 -- (172) 4,311 
Whanin Pharmaceutical Co. Ltd. 33,084 -- -- -- -- (7,010) 26,074 
WIN-Partners Co. Ltd. 37,651 -- -- -- -- (12,150) 25,501 
Youngone Holdings Co. Ltd. 42,903 -- -- -- -- 4,969 47,872 
Yutaka Giken Co. Ltd. 29,952 -- -- 353 -- (5,898) 24,054 
Total $9,465,281 $155,478 $181,057 $82,810 $89,719 $(1,210,479) $8,276,816 

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
(Amounts in thousands)     
Investments in Securities:     
Equities:     
Communication Services $1,260,774 $1,120,267 $140,507 $-- 
Consumer Discretionary 6,945,986 6,927,008 -- 18,978 
Consumer Staples 2,786,864 2,782,009 -- 4,855 
Energy 1,973,040 1,843,430 129,386 224 
Financials 3,981,538 3,925,133 56,405 -- 
Health Care 5,011,689 5,011,689 -- -- 
Industrials 2,225,796 2,155,817 69,911 68 
Information Technology 4,690,066 4,685,082 4,984 -- 
Materials 1,188,488 1,178,724 9,764 -- 
Real Estate 182,064 182,064 -- -- 
Utilities 673,538 673,538 -- -- 
Corporate Bonds 3,660 -- 3,660 -- 
Money Market Funds 2,365,849 2,365,849 -- -- 
Total Investments in Securities: $33,289,352 $32,850,610 $414,617 $24,125 

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, changes in interest rates and credit quality. 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Value Discovery Fund

October 31, 2018







FVD-QTLY-1218
1.809083.115





Schedule of Investments October 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 95.2%   
 Shares Value 
COMMUNICATION SERVICES - 13.2%   
Diversified Telecommunication Services - 2.2%   
Verizon Communications, Inc. 865,318 $49,401,005 
Entertainment - 5.0%   
Cinemark Holdings, Inc. 412,479 17,146,752 
Lions Gate Entertainment Corp. Class B 872,777 15,526,703 
The Walt Disney Co. 316,608 36,356,097 
Twenty-First Century Fox, Inc. Class A 917,133 41,747,894 
  110,777,446 
Interactive Media & Services - 1.3%   
Alphabet, Inc. Class A (a) 26,048 28,407,428 
Media - 4.7%   
Comcast Corp. Class A 1,597,003 60,909,694 
comScore, Inc. (a) 484,016 7,720,055 
Entercom Communications Corp. Class A (b) 1,294,536 8,401,539 
Interpublic Group of Companies, Inc. 1,235,345 28,610,590 
  105,641,878 
TOTAL COMMUNICATION SERVICES  294,227,757 
CONSUMER DISCRETIONARY - 2.3%   
Internet & Direct Marketing Retail - 0.5%   
eBay, Inc. (a) 367,469 10,667,625 
Multiline Retail - 1.0%   
Dollar General Corp. 205,600 22,899,728 
Textiles, Apparel & Luxury Goods - 0.8%   
PVH Corp. 145,928 17,626,643 
TOTAL CONSUMER DISCRETIONARY  51,193,996 
CONSUMER STAPLES - 8.8%   
Beverages - 2.5%   
C&C Group PLC 3,432,610 12,752,462 
Coca-Cola European Partners PLC 270,600 12,309,594 
PepsiCo, Inc. 273,335 30,717,387 
  55,779,443 
Food & Staples Retailing - 1.6%   
Sysco Corp. 277,046 19,761,691 
Walmart, Inc. 153,600 15,403,008 
  35,164,699 
Food Products - 3.6%   
Mondelez International, Inc. 263,700 11,070,126 
Seaboard Corp. 2,189 8,460,485 
The Hershey Co. 231,108 24,763,222 
The J.M. Smucker Co. 325,861 35,297,264 
  79,591,097 
Tobacco - 1.1%   
British American Tobacco PLC:   
(United Kingdom) 195,900 8,492,318 
sponsored ADR 406,952 17,661,717 
  26,154,035 
TOTAL CONSUMER STAPLES  196,689,274 
ENERGY - 10.8%   
Energy Equipment & Services - 0.9%   
Baker Hughes, a GE Co. Class A 782,734 20,891,170 
Oil, Gas & Consumable Fuels - 9.9%   
Chevron Corp. 322,037 35,955,431 
Exxon Mobil Corp. 841,940 67,085,779 
FLEX LNG Ltd. (a) 5,399,800 9,480,301 
GasLog Ltd. 256,608 5,250,200 
GasLog Partners LP 780,682 19,399,948 
Golar LNG Partners LP 1,185,160 16,722,608 
Hoegh LNG Partners LP 389,395 6,935,125 
Phillips 66 Co. 238,505 24,523,084 
Suncor Energy, Inc. 478,600 16,054,522 
Teekay Corp. (b) 397,064 2,632,534 
Teekay LNG Partners LP 780,099 11,085,207 
Teekay Offshore Partners LP 2,310,169 5,036,168 
  220,160,907 
TOTAL ENERGY  241,052,077 
FINANCIALS - 25.1%   
Banks - 9.2%   
JPMorgan Chase & Co. 149,573 16,306,448 
PNC Financial Services Group, Inc. 267,631 34,387,907 
SunTrust Banks, Inc. 495,731 31,062,504 
U.S. Bancorp 922,233 48,205,119 
Wells Fargo & Co. 1,419,086 75,537,948 
  205,499,926 
Capital Markets - 2.2%   
Goldman Sachs Group, Inc. 138,920 31,308,400 
State Street Corp. 259,119 17,814,431 
  49,122,831 
Consumer Finance - 2.8%   
Capital One Financial Corp. 203,832 18,202,198 
Discover Financial Services 330,322 23,013,534 
Synchrony Financial 741,207 21,406,058 
  62,621,790 
Diversified Financial Services - 4.1%   
Berkshire Hathaway, Inc. Class B (a) 400,960 82,309,068 
Standard Life PLC 2,819,404 9,748,177 
  92,057,245 
Insurance - 4.1%   
Allstate Corp. 144,207 13,803,494 
Chubb Ltd. 182,847 22,839,419 
FNF Group 333,248 11,147,146 
Prudential PLC 766,007 15,338,237 
The Travelers Companies, Inc. 215,115 26,917,340 
  90,045,636 
Mortgage Real Estate Investment Trusts - 2.7%   
AGNC Investment Corp. 1,174,811 20,958,628 
Annaly Capital Management, Inc. 2,223,311 21,944,080 
MFA Financial, Inc. 2,360,165 16,355,943 
  59,258,651 
TOTAL FINANCIALS  558,606,079 
HEALTH CARE - 16.0%   
Biotechnology - 3.7%   
Amgen, Inc. 250,693 48,331,103 
Shire PLC sponsored ADR 184,619 33,563,734 
  81,894,837 
Health Care Providers & Services - 7.5%   
Aetna, Inc. 113,626 22,543,398 
Anthem, Inc. 98,489 27,140,614 
Cigna Corp. 176,564 37,751,149 
CVS Health Corp. 688,565 49,845,220 
McKesson Corp. 58,052 7,242,568 
UnitedHealth Group, Inc. 83,600 21,848,860 
  166,371,809 
Pharmaceuticals - 4.8%   
Allergan PLC 164,414 25,979,056 
Bayer AG 358,520 27,481,440 
Johnson & Johnson 83,380 11,672,366 
Pfizer, Inc. 231,057 9,949,314 
Roche Holding AG (participation certificate) 52,494 12,775,066 
Sanofi SA sponsored ADR 445,242 19,911,222 
  107,768,464 
TOTAL HEALTH CARE  356,035,110 
INDUSTRIALS - 5.1%   
Aerospace & Defense - 2.5%   
Harris Corp. 103,884 15,448,590 
United Technologies Corp. 316,579 39,322,278 
  54,770,868 
Air Freight & Logistics - 0.9%   
C.H. Robinson Worldwide, Inc. 234,500 20,877,535 
Machinery - 1.0%   
Allison Transmission Holdings, Inc. 33,886 1,493,695 
Deere & Co. 145,288 19,677,807 
  21,171,502 
Professional Services - 0.2%   
Nielsen Holdings PLC 210,019 5,456,294 
Road & Rail - 0.5%   
Union Pacific Corp. 78,372 11,459,554 
TOTAL INDUSTRIALS  113,735,753 
INFORMATION TECHNOLOGY - 3.2%   
Electronic Equipment & Components - 0.8%   
TE Connectivity Ltd. 231,934 17,492,462 
IT Services - 2.4%   
Amdocs Ltd. 280,182 17,727,115 
Cognizant Technology Solutions Corp. Class A 341,713 23,588,448 
The Western Union Co. 619,794 11,181,084 
  52,496,647 
TOTAL INFORMATION TECHNOLOGY  69,989,109 
MATERIALS - 4.0%   
Chemicals - 2.6%   
DowDuPont, Inc. 513,873 27,708,032 
LyondellBasell Industries NV Class A 254,140 22,687,078 
The Scotts Miracle-Gro Co. Class A 105,374 7,032,661 
  57,427,771 
Containers & Packaging - 1.4%   
Ball Corp. 408,595 18,305,056 
Graphic Packaging Holding Co. 1,204,939 13,266,378 
  31,571,434 
TOTAL MATERIALS  88,999,205 
REAL ESTATE - 2.6%   
Equity Real Estate Investment Trusts (REITs) - 1.5%   
American Tower Corp. 109,300 17,030,033 
Simon Property Group, Inc. 92,000 16,883,840 
  33,913,873 
Real Estate Management & Development - 1.1%   
CBRE Group, Inc. (a) 576,793 23,238,990 
TOTAL REAL ESTATE  57,152,863 
UTILITIES - 4.1%   
Electric Utilities - 3.2%   
Exelon Corp. 864,512 37,874,271 
Xcel Energy, Inc. 673,452 33,005,883 
  70,880,154 
Multi-Utilities - 0.9%   
Avista Corp. 70,300 3,614,826 
WEC Energy Group, Inc. 231,400 15,827,760 
  19,442,586 
TOTAL UTILITIES  90,322,740 
TOTAL COMMON STOCKS   
(Cost $2,057,232,196)  2,118,003,963 
Money Market Funds - 4.5%   
Fidelity Cash Central Fund, 2.23% (c) 93,645,103 93,663,832 
Fidelity Securities Lending Cash Central Fund 2.23% (c)(d) 6,114,038 6,114,649 
TOTAL MONEY MARKET FUNDS   
(Cost $99,778,481)  99,778,481 
TOTAL INVESTMENT IN SECURITIES - 99.7%   
(Cost $2,157,010,677)  2,217,782,444 
NET OTHER ASSETS (LIABILITIES) - 0.3%  7,216,012 
NET ASSETS - 100%  $2,224,998,456 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (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) Investment made with cash collateral received from securities on loan.

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 $402,369 
Fidelity Securities Lending Cash Central Fund 40,166 
Total $442,535 

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

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Communication Services $294,227,757 $294,227,757 $-- $-- 
Consumer Discretionary 51,193,996 51,193,996 -- -- 
Consumer Staples 196,689,274 188,196,956 8,492,318 -- 
Energy 241,052,077 241,052,077 -- -- 
Financials 558,606,079 543,267,842 15,338,237 -- 
Health Care 356,035,110 315,778,604 40,256,506 -- 
Industrials 113,735,753 113,735,753 -- -- 
Information Technology 69,989,109 69,989,109 -- -- 
Materials 88,999,205 88,999,205 -- -- 
Real Estate 57,152,863 57,152,863 -- -- 
Utilities 90,322,740 90,322,740 -- -- 
Money Market Funds 99,778,481 99,778,481 -- -- 
Total Investments in Securities: $2,217,782,444 $2,153,695,383 $64,087,061 $-- 

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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 open-end mutual funds, including the Fidelity Central 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Series Intrinsic Opportunities Fund

October 31, 2018







O2T-QTLY-1218
1.951017.105





Schedule of Investments October 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 88.5%   
 Shares Value 
COMMUNICATION SERVICES - 5.7%   
Diversified Telecommunication Services - 0.6%   
Verizon Communications, Inc. 1,522,200 $86,902,398 
Entertainment - 2.1%   
GAMEVIL, Inc. (a) 15,000 670,465 
Twenty-First Century Fox, Inc. Class A 5,500,000 250,360,000 
Viacom, Inc.:   
Class A (b) 800,000 28,296,000 
Class B (non-vtg.) 600,000 19,188,000 
  298,514,465 
Interactive Media & Services - 1.0%   
AuFeminin.com SA (a) 125,018 5,589,017 
Kakaku.com, Inc. 500,000 9,070,767 
mixi, Inc. 10,000 218,549 
XLMedia PLC 100,000 111,203 
Yahoo! Japan Corp. 25,000,000 77,994,972 
YY, Inc. ADR (a) 625,000 39,937,500 
Zappallas, Inc. (a)(c) 1,100,000 3,714,273 
  136,636,281 
Media - 1.9%   
AMC Networks, Inc. Class A (a) 125,000 7,322,500 
Comcast Corp. Class A 3,700,000 141,118,000 
Corus Entertainment, Inc. Class B (non-vtg.) 400,000 1,507,083 
Discovery Communications, Inc.:   
Class A (a)(b) 2,400,000 77,736,000 
Class B (a) 19,308 623,069 
DISH Network Corp. Class A (a) 100,000 3,074,000 
DMS, Inc. 250,000 3,604,821 
F@N Communications, Inc. 525,000 2,912,660 
Gendai Agency, Inc. (c) 850,000 3,706,297 
Hyundai HCN 2,250,049 8,282,389 
Interspace Co. Ltd. 20,000 249,568 
Ipsos SA 10,000 266,626 
ITE Group PLC 2,338,871 1,704,041 
Multiplus SA 600,000 4,069,327 
Nippon BS Broadcasting Corp. 200,000 2,169,540 
Nippon Television Network Corp. 150,000 2,395,533 
Pico Far East Holdings Ltd. 8,000,000 2,703,409 
Proto Corp. 50,000 662,472 
RKB Mainichi Broadcasting Corp. 3,000 158,196 
SMG PLC 10,000 48,252 
Television Broadcasts Ltd. 1,500,000 3,163,754 
WOWOW INC. 250,000 7,256,171 
  274,733,708 
Wireless Telecommunication Services - 0.1%   
Okinawa Cellular Telephone Co. 250,000 9,205,920 
TOTAL COMMUNICATION SERVICES  805,992,772 
CONSUMER DISCRETIONARY - 16.7%   
Auto Components - 2.4%   
Adient PLC 135,000 4,106,700 
ASTI Corp. 30,000 507,555 
Burelle SA 500 532,346 
Chita Kogyo Co. Ltd. 10,000 70,900 
Cooper Tire & Rubber Co. 750,000 23,167,500 
DaikyoNishikawa Corp. 50,000 478,575 
Dongah Tire & Rubber Co. Ltd. 42,120 1,159,131 
Eagle Industry Co. Ltd. 300,000 3,496,256 
Exedy Corp. 15,000 370,364 
Fukoku Co. Ltd. 275,000 2,247,086 
G-Tekt Corp. (c) 2,750,000 38,824,390 
Gentex Corp. 200,000 4,210,000 
Hi-Lex Corp. 249,937 5,249,707 
Hu Lane Associate, Inc. 50,000 127,582 
Hyundai Mobis 950,000 158,194,566 
IJT Technology Holdings Co. Ltd. 1,225,000 7,577,879 
INFAC Corp. 362,529 1,048,506 
Linamar Corp. 50,000 2,070,341 
Murakami Corp. 35,000 843,710 
Piolax, Inc. 924,000 20,161,191 
Seoyon Co. Ltd. 425,000 1,253,396 
Seoyon E-Hwa Co., Ltd. 685,725 2,400,939 
SL Corp. 15,000 189,308 
Strattec Security Corp. 40,000 1,348,000 
TBK Co. Ltd. (c) 1,800,000 7,354,101 
The Furukawa Battery Co. Ltd. 150,000 1,128,639 
TPR Co. Ltd. 825,000 20,114,105 
Yorozu Corp. (c) 1,852,000 26,146,462 
  334,379,235 
Automobiles - 0.7%   
Audi AG 26,500 22,271,297 
Fiat Chrysler Automobiles NV 139,000 2,100,290 
Fiat Chrysler Automobiles NV 1,264,900 19,269,667 
General Motors Co. 1,500,000 54,885,000 
Renault SA 10,000 748,342 
  99,274,596 
Distributors - 0.3%   
Amcon Distributing Co. 500 42,000 
Chori Co. Ltd. (c) 1,566,400 25,890,335 
Doshisha Co. Ltd. 350,000 7,211,858 
Harima-Kyowa Co. Ltd. 100,000 1,302,787 
Headlam Group PLC 50,000 287,915 
Nakayamafuku Co. Ltd. 200,000 1,093,632 
SPK Corp. 15,000 322,108 
Yagi & Co. Ltd. 450,000 6,779,811 
Yamae Hisano Co. 50,000 573,404 
  43,503,850 
Diversified Consumer Services - 0.3%   
Asante, Inc. 60,000 1,195,906 
Cross-Harbour Holdings Ltd. 300,000 501,151 
Estacio Participacoes SA 5,000 31,076 
Heian Ceremony Service Co. Ltd. 500,000 3,957,106 
Kukbo Design Co. Ltd. 30,000 312,883 
MegaStudy Co. Ltd. (c) 1,086,945 8,954,674 
MegaStudyEdu Co. Ltd. (c) 1,048,420 16,723,264 
Multicampus Co. Ltd. 60,000 2,037,686 
Step Co. Ltd. 217,000 3,019,365 
Tsukada Global Holdings, Inc. 1,100,000 5,878,495 
  42,611,606 
Hotels, Restaurants & Leisure - 0.4%   
Fairwood Holdings Ltd. 50,000 166,731 
Hiday Hidaka Corp. 276,000 5,376,417 
Hiramatsu, Inc. (b) 25,000 104,577 
Hub Co. Ltd. 74,000 588,275 
Koshidaka Holdings Co. Ltd. 100,000 1,163,646 
Kura Corp. Ltd. 100,000 5,796,074 
Net Entertainment NE AB 150,000 770,395 
Playtech Ltd. 100,000 612,258 
Retail Food Group Ltd. (b) 2,499,998 655,038 
St. Marc Holdings Co. Ltd. 100,000 2,376,922 
The Restaurant Group PLC 6,937,000 21,386,899 
Whitbread PLC 1,000 56,241 
Wyndham Destinations, Inc. 250,000 8,970,000 
Wyndham Hotels & Resorts, Inc. 10,000 492,900 
  48,516,373 
Household Durables - 0.9%   
Ace Bed Co. Ltd. 250,145 5,447,943 
Cuckoo Holdings Co. Ltd. 35,000 3,726,994 
Emak SpA 600,000 831,818 
FJ Next Co. Ltd. 1,100,000 8,140,205 
Flexsteel Industries, Inc. 10,000 254,200 
Fuji Corp. Ltd. 50,000 381,974 
Gree Electric Appliances, Inc. of Zhuhai Class A (a) 1,100,927 6,006,792 
Hamilton Beach Brands Holding Co.:   
Class A 125,000 2,902,500 
Class B 125,000 2,902,500 
Helen of Troy Ltd. (a) 500,000 62,060,000 
Iida Group Holdings Co. Ltd. 100,000 1,820,357 
Nittoh Corp. 25,000 111,224 
Q.E.P. Co., Inc. 34,998 934,447 
SABAF SpA 400,000 5,926,025 
Sanei Architecture Planning Co. Ltd. 660,000 9,610,316 
Sanyo Housing Nagoya Co. Ltd. 700,000 6,203,749 
Taylor Morrison Home Corp. (a) 500,000 8,270,000 
Tupperware Brands Corp. 134,500 4,720,950 
Wellpool Co. Ltd. 200,000 327,514 
  130,579,508 
Internet & Direct Marketing Retail - 0.1%   
Aucnet, Inc. 125,000 1,310,542 
CROOZ, Inc. (a)(b) 55,000 1,215,181 
eBay, Inc. (a) 250,000 7,257,500 
Hyundai Home Shopping Network Corp. 10,000 855,390 
N Brown Group PLC 300,000 519,588 
NS Shopping Co. Ltd. 75,000 709,904 
Trade Maine Group Ltd. 100,000 316,487 
  12,184,592 
Leisure Products - 0.1%   
Accell Group NV 425,000 7,393,939 
Mars Group Holdings Corp. 550,000 11,367,040 
  18,760,979 
Media - 0.0%   
Liberty Latin America Ltd. Class A (a) 6,871 123,541 
Multiline Retail - 0.5%   
Grazziotin SA 375,000 2,267,231 
Gwangju Shinsegae Co. Ltd. (c) 97,372 14,294,312 
Lifestyle China Group Ltd. (a)(b) 12,500,000 5,052,952 
Lifestyle International Holdings Ltd. 12,500,000 21,582,642 
Macy's, Inc. 500,000 17,145,000 
Treasure Factory Co. Ltd. (c) 850,000 5,152,657 
Watts Co. Ltd. 250,000 1,938,672 
  67,433,466 
Specialty Retail - 9.6%   
ABC-MART, Inc. 25,000 1,462,312 
Arc Land Sakamoto Co. Ltd. 500,000 6,580,405 
AT-Group Co. Ltd. 873,600 20,246,058 
AutoNation, Inc. (a) 350,000 14,168,000 
Beacon Lighting Group Ltd. 25,891 25,394 
Bed Bath & Beyond, Inc. (b)(c) 11,200,000 153,888,000 
Best Buy Co., Inc. 3,200,000 224,512,000 
Cars.com, Inc. (a) 50,000 1,305,500 
Cash Converters International Ltd. (a) 14,400,000 2,702,300 
DCM Japan Holdings Co. Ltd. 25,000 242,832 
DongAh Tire & Rubber Co. Ltd. (a) 57,879 682,272 
Dunelm Group PLC 300,000 2,287,339 
E-Life Mall Corp. Ltd. 100,000 201,224 
Ff Group (a)(d) 1,180,000 5,132,264 
Formosa Optical Technology Co. Ltd. 751,383 1,393,045 
Fuji Corp. (c) 705,790 12,947,980 
GameStop Corp. Class A (b)(c) 9,999,167 145,987,838 
Genesco, Inc. (a) 300,000 12,837,000 
GNC Holdings, Inc. Class A (a)(b)(c) 5,939,600 21,857,728 
Goldlion Holdings Ltd. 9,300,000 3,664,522 
Guess?, Inc. (c) 5,761,600 122,376,384 
Handsman Co. Ltd. 700,000 6,811,716 
Hibbett Sports, Inc. (a)(b)(c) 1,150,300 20,095,741 
Hour Glass Ltd. 13,695,200 6,278,347 
IA Group Corp. 18,200 598,414 
International Housewares Retail Co. Ltd. 999,600 210,323 
JB Hi-Fi Ltd. (b) 700,000 11,401,215 
John David Group PLC 33,700,000 175,876,613 
Jumbo SA 1,750,000 25,529,931 
K's Holdings Corp. 3,950,000 49,919,794 
Ku Holdings Co. Ltd. 600,000 4,934,639 
L'Occitane Ltd. 100,000 187,453 
Lookers PLC 1,534,541 1,873,185 
Lovisa Holdings Ltd. 10,000 54,315 
Mandarake, Inc. (b) 180,000 1,065,627 
Mitsui & Associates Telepark Corp. 25,000 567,200 
Mr. Bricolage SA 311,600 3,582,277 
Nafco Co. Ltd. 640,400 10,272,735 
Nitori Holdings Co. Ltd. 675,000 88,147,516 
Nojima Co. Ltd. 50,000 1,180,928 
Oriental Watch Holdings Ltd. 9,273,000 2,057,527 
Padini Holdings Bhd 2,000,000 2,686,103 
Sa Sa International Holdings Ltd. 20,040 7,692 
Sacs Bar Holdings, Inc. 400,000 3,544,999 
Sally Beauty Holdings, Inc. (a)(b) 5,900,000 105,079,000 
Samse SA 37,000 5,154,690 
Silvano Fashion Group A/S 9,800 29,371 
Sports Direct International PLC (a) 200,000 834,409 
The Buckle, Inc. 632,900 12,911,160 
Tokatsu Holdings Co. Ltd. (c) 250,000 1,141,047 
Truworths International Ltd. 334,900 1,836,984 
Vita Group Ltd. 350,000 256,527 
Vitamin Shoppe, Inc. (a)(b) 400,000 3,108,000 
Williams-Sonoma, Inc. (b) 800,000 47,504,000 
  1,349,239,875 
Textiles, Apparel & Luxury Goods - 1.4%   
Best Pacific International Holdings Ltd. 2,700,000 688,604 
Embry Holdings Ltd. 3,200,000 1,016,074 
Fossil Group, Inc. (a)(b) 2,338,700 50,773,177 
Fujibo Holdings, Inc. 2,000 58,138 
Gerry Weber International AG (Bearer) (b) 625,000 2,056,468 
Grendene SA 300,000 587,666 
Hagihara Industries, Inc. 125,000 1,853,370 
Magni-Tech Industries Bhd 2,750,000 2,924,483 
Michael Kors Holdings Ltd. (a) 1,900,000 105,279,000 
Only Corp. 15,000 135,862 
Sakai Ovex Co. Ltd. 91,300 1,809,251 
Sitoy Group Holdings Ltd. 11,200,000 3,527,694 
Ted Baker PLC 10,000 234,166 
Texwinca Holdings Ltd. 1,800,000 610,562 
Vera Bradley, Inc. (a) 80,160 1,057,310 
Youngone Holdings Co. Ltd. 258,000 13,883,611 
Yue Yuen Industrial (Holdings) Ltd. 2,500,000 6,838,223 
  193,333,659 
TOTAL CONSUMER DISCRETIONARY  2,339,941,280 
CONSUMER STAPLES - 4.0%   
Beverages - 0.8%   
A.G. Barr PLC 500,000 4,882,724 
Britvic PLC 6,968,131 70,451,720 
C&C Group PLC 412,710 1,533,256 
Jinro Distillers Co. Ltd. (c) 523,000 13,682,340 
Lucas Bols BV (e) 120,000 2,147,504 
Muhak Co. Ltd. 340,000 3,471,516 
Olvi PLC (A Shares) 100,000 3,352,644 
Spritzer Bhd 1,000,000 501,852 
Thai Beverage PCL 100,000 45,121 
Willamette Valley Vineyards, Inc. 5,000 37,000 
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares) 6,100,762 12,945,336 
  113,051,013 
Food & Staples Retailing - 1.7%   
Amsterdam Commodities NV 625,000 13,110,424 
Belc Co. Ltd. 30,000 1,531,440 
Create SD Holdings Co. Ltd. 930,000 23,597,199 
Daiichi Co. Ltd. 150,000 927,904 
Dong Suh Companies, Inc. 500,000 8,172,656 
Genky DrugStores Co. Ltd. 400,000 12,939,248 
Halows Co. Ltd. 65,000 1,421,146 
J Sainsbury PLC 200,000 795,552 
Kroger Co. 1,500,000 44,640,000 
Magnit OJSC 5,388 293,636 
MARR SpA 750,000 18,162,043 
Medical Ikkou Co. Ltd. 4,000 301,325 
Metro Wholesale & Food Specialist AG 10,000 150,642 
Nihon Chouzai Co. Ltd. 50,000 1,553,153 
OM2 Network Co. Ltd. 220,000 2,470,333 
Qol Holdings Co. Ltd. 125,000 2,635,485 
Retail Partners Co. Ltd. 550,000 6,278,194 
Sapporo Clinical Laboratory 20,000 389,418 
Satoh & Co. Ltd. 50,000 824,212 
Satsudora Holdings Co. Ltd. (c) 400,000 7,242,434 
Shoei Foods Corp. (b) 50,000 1,918,731 
Tesco PLC 10,075,936 27,441,062 
Thai President Foods PCL 131,357 631,829 
United Natural Foods, Inc. (a) 412,000 8,952,760 
Valor Holdings Co. Ltd. 650,000 13,969,513 
Walgreens Boots Alliance, Inc. 398,100 31,756,437 
Yuasa Funashoku Co. Ltd. 10,000 314,619 
  232,421,395 
Food Products - 1.0%   
Ajinomoto Malaysia Bhd 1,700,000 7,475,206 
Armanino Foods of Distinction 250,000 700,000 
B&G Foods, Inc. Class A (b) 250,000 6,510,000 
Bakkavor Group PLC (b)(e) 100,000 191,219 
Bell AG 40,500 12,707,144 
Binggrea Co. Ltd. 15,000 930,762 
Campbell Soup Co. (b) 50,000 1,870,500 
Carr's Group PLC 4,270,000 8,186,871 
Changshouhua Food Co. Ltd. 3,500,000 1,196,131 
Cranswick PLC 455,526 16,827,121 
Fresh Del Monte Produce, Inc. 1,138,200 37,594,746 
High Liner Foods, Inc. (b) 20,000 128,679 
Ingredion, Inc. 50,000 5,059,000 
JC Comsa Corp. 150,000 475,916 
Kaneko Seeds Co. Ltd. 150,000 1,932,911 
Kaveri Seed Co. Ltd. (a) 217,323 1,464,344 
Kwality Ltd. (a) 50,000 4,327 
Lassonde Industries, Inc. Class A (sub. vtg.) 50,000 8,818,793 
London Biscuits Bhd (a) 4,000,000 525,750 
London Biscuits Bhd warrants 1/26/20 (a) 400,000 4,780 
M. Dias Branco SA 10,000 119,495 
Nissin Foods Co. Ltd. 500,000 210,407 
Nitto Fuji Flour Milling Co. Ltd. 10,000 477,689 
Origin Enterprises PLC 50,000 321,106 
Pickles Corp. 100,000 1,984,313 
President Bakery PCL 16,500 30,228 
Prima Meat Packers Ltd. 90,000 1,698,143 
S Foods, Inc. 300,000 12,110,604 
Select Harvests Ltd. 1,250,687 4,570,078 
Shinobu Food Products Co. Ltd. 25,000 156,866 
Thai Wah PCL 426,000 108,555 
The J.M. Smucker Co. 33,000 3,574,560 
Toyo Sugar Refining Co. Ltd. 210,000 2,088,182 
Valsoia SpA 85,000 1,227,509 
  141,281,935 
Personal Products - 0.3%   
Asaleo Care Ltd. 900,000 446,135 
Hengan International Group Co. Ltd. 2,000,000 15,837,897 
Sarantis SA 2,400,000 19,082,887 
  35,366,919 
Tobacco - 0.2%   
KT&G Corp. 315,000 28,021,472 
Scandinavian Tobacco Group A/S (e) 400,000 6,069,623 
  34,091,095 
TOTAL CONSUMER STAPLES  556,212,357 
ENERGY - 9.9%   
Energy Equipment & Services - 1.4%   
AKITA Drilling Ltd. Class A (non-vtg.) 250,000 843,177 
Carbo Ceramics, Inc. (a)(b)(c) 2,360,200 11,399,766 
Cathedral Energy Services Ltd. (a) 800,000 458,810 
Diamond Offshore Drilling, Inc. (a)(b) 1,150,000 16,307,000 
Ensco PLC Class A (b) 5,850,000 41,769,000 
Geospace Technologies Corp. (a) 588,000 7,485,240 
GulfMark Offshore, Inc. (a)(b) 75,441 2,541,607 
GulfMark Offshore, Inc. warrants 11/14/24 (a) 4,764 8,893 
High Arctic Energy Services, Inc. 300,000 806,715 
Liberty Oilfield Services, Inc. Class A (b) 600,000 11,388,000 
National Oilwell Varco, Inc. 200,000 7,360,000 
Ocean Rig UDW, Inc. (United States) (a) 1,050,000 31,804,500 
Oceaneering International, Inc. (a) 530,800 10,053,352 
PHX Energy Services Corp. (a) 25,000 53,173 
Precision Drilling Corp. (a) 200,000 483,117 
Prosafe ASA (a)(b) 600,000 1,772,284 
Shelf Drilling Ltd. (a)(e) 100,000 652,566 
Shinko Plantech Co. Ltd. 1,925,000 17,930,385 
Subsea 7 SA 100,000 1,262,782 
Tecnicas Reunidas SA (b) 200,000 5,380,087 
Transocean Ltd. (United States) (a)(b) 2,350,000 25,873,500 
  195,633,954 
Oil, Gas & Consumable Fuels - 8.5%   
Advantage Oil & Gas Ltd. (a) 100,000 224,088 
Alvopetro Energy Ltd. (a) 2,800,000 1,084,735 
ARC Resources Ltd. 25,000 232,823 
Baytex Energy Corp. (a)(b) 5,000,000 10,216,871 
Beach Energy Ltd. 1,392,894 1,736,025 
Berry Petroleum Corp. 100,000 1,400,000 
Birchcliff Energy Ltd. 7,030,814 22,164,061 
Bonavista Energy Corp. (b) 2,000,000 1,899,047 
Bonterra Energy Corp. (b) 500,000 5,624,976 
Cenovus Energy, Inc. (Canada) 150,000 1,269,323 
Chevron Corp. 600,000 66,990,000 
China Petroleum & Chemical Corp.:   
(H Shares) 203,500,000 165,766,270 
sponsored ADR (H Shares) 50,000 4,033,000 
CNOOC Ltd. 450,000 766,341 
CNOOC Ltd. sponsored ADR 100,000 16,925,000 
CNX Resources Corp. (a) 200,000 3,130,000 
ConocoPhillips Co. 2,550,000 178,245,000 
Contango Oil & Gas Co. (a) 250,000 1,262,500 
Denbury Resources, Inc. (a) 6,000,000 20,700,000 
Enagas SA 2,900,000 76,993,016 
Eni SpA 10,000 177,598 
EQT Midstream Partners LP 7,500 344,325 
Fuji Kosan Co. Ltd. 105,000 580,671 
Fuji Oil Co. Ltd. 200,000 772,810 
Husky Energy, Inc. 5,400,000 76,337,119 
Imperial Oil Ltd. 800,000 24,988,416 
International Seaways, Inc. (a) 55,000 1,183,050 
Motor Oil (HELLAS) Corinth Refineries SA 300,000 7,101,715 
Murphy Oil Corp. 1,600,000 50,976,000 
NACCO Industries, Inc. Class A 125,000 4,317,500 
NuVista Energy Ltd. (a) 25,000 100,649 
Oil & Natural Gas Corp. Ltd. 44,500,000 92,206,936 
Oil India Ltd. 100,000 267,171 
Peyto Exploration & Development Corp. (b)(c) 12,474,700 101,772,402 
San-Ai Oil Co. Ltd. 200,000 2,160,677 
Sanrin Co. Ltd. 15,000 97,044 
Seven Generations Energy Ltd. (a) 25,000 267,955 
Ship Finance International Ltd. (NY Shares) (b) 10,000 125,000 
Sinopec Kantons Holdings Ltd. 6,000,000 2,440,719 
Southwestern Energy Co. (a) 6,700,000 35,778,000 
Star Petroleum Refining PCL 1,100,000 467,732 
Thai Oil PCL (For. Reg.) 1,000,000 2,555,790 
Total SA sponsored ADR 3,028,559 177,473,557 
TransGlobe Energy Corp. 30,000 70,189 
Tsakos Energy Navigation Ltd. (b) 500,000 1,650,000 
Whiting Petroleum Corp. (a) 450,000 16,785,000 
World Fuel Services Corp. 350,000 11,200,000 
  1,192,861,101 
TOTAL ENERGY  1,388,495,055 
FINANCIALS - 13.2%   
Banks - 3.5%   
Banco de Sabadell SA 100,000 131,954 
Bar Harbor Bankshares 150,000 3,835,500 
Central Valley Community Bancorp 25,000 506,000 
Citizens Financial Services, Inc. 12,853 787,889 
Credit Agricole Atlantique Vendee 7,000 1,002,962 
Erste Group Bank AG 5,000 203,877 
F & M Bank Corp. 131,632 4,449,162 
First Hawaiian, Inc. 100,000 2,478,000 
Gunma Bank Ltd. 5,100,000 23,141,756 
Hiroshima Bank Ltd. 1,000,000 6,194,886 
Mitsubishi UFJ Financial Group, Inc. 17,000,000 102,892,378 
NIBC Holding NV 1,050,000 9,560,642 
Nordea Bank ABP (a) 100,000 869,727 
OFG Bancorp 1,861,516 31,813,308 
Ogaki Kyoritsu Bank Ltd. 60,000 1,332,034 
San ju San Financial Group, Inc. 300,000 5,325,475 
Schweizerische Nationalbank 10 52,822 
Shinsei Bank Ltd. 100,000 1,523,300 
Skandiabanken ASA (e) 625,000 6,227,906 
Sparebank 1 Oestlandet 1,000,000 10,391,706 
Sumitomo Mitsui Financial Group, Inc. 4,000,000 155,740,394 
The Keiyo Bank Ltd. 500,000 3,655,781 
The San-In Godo Bank Ltd. 1,500,000 11,406,035 
Unicaja Banco SA (e) 6,000,000 7,686,163 
Van Lanschot NV (Bearer) 81,300 1,993,628 
Wells Fargo & Co. 1,600,000 85,168,000 
Yamaguchi Financial Group, Inc. 1,700,000 17,974,033 
  496,345,318 
Capital Markets - 0.6%   
ABG Sundal Collier ASA 1,500,000 898,598 
Ares Capital Corp. 421,001 7,224,377 
BinckBank NV 109,000 528,404 
Blue Sky Alternative Investments Ltd. (a) 10,000 8,569 
Brighthouse Financial, Inc. (a) 303,436 12,025,169 
Diamond Hill Investment Group, Inc. 5,000 860,900 
Edify SA (a) 10,068 632,895 
Franklin Resources, Inc. 225,000 6,862,500 
Goldman Sachs Group, Inc. 100,000 22,537,000 
Morgan Stanley 500,000 22,830,000 
TPG Specialty Lending, Inc. 119,612 2,401,809 
  76,810,221 
Consumer Finance - 1.6%   
Aeon Credit Service (Asia) Co. Ltd. 10,300,000 8,603,090 
Credit Corp. Group Ltd. 52,450 707,564 
Discover Financial Services 1,000,000 69,670,000 
Santander Consumer U.S.A. Holdings, Inc. 729,691 13,681,706 
Synchrony Financial 4,500,000 129,960,000 
  222,622,360 
Diversified Financial Services - 1.2%   
AXA Equitable Holdings, Inc. 450,000 9,130,500 
Fuyo General Lease Co. Ltd. 550,000 30,562,326 
Granite Point Mortgage Trust, Inc. 14,119 262,755 
IBJ Leasing Co. Ltd. 200,000 5,026,809 
Kyushu Railway Co. 260,000 7,972,704 
NICE Holdings Co. Ltd. 225,000 3,381,902 
Ricoh Leasing Co. Ltd. 1,070,000 35,134,045 
Tokyo Century Corp. 1,350,000 72,384,455 
  163,855,496 
Insurance - 6.1%   
AFLAC, Inc. 4,000,000 172,280,000 
April 1,100,000 19,934,640 
ASR Nederland NV 1,000,000 45,487,224 
Assurant, Inc. 200,000 19,442,000 
Db Insurance Co. Ltd. 1,375,000 86,524,978 
Genworth Financial, Inc. Class A (a) 14,710,000 62,958,800 
Hannover Reuck SE 45,000 6,070,438 
Hyundai Fire & Marine Insurance Co. Ltd. 450,000 16,485,539 
Kansas City Life Insurance Co. (b) 2,000 78,000 
MetLife, Inc. 6,900,000 284,211,000 
National Western Life Group, Inc. 24,000 6,462,720 
NN Group NV 2,022,101 87,032,642 
Power Corp. of Canada (sub. vtg.) 250,000 5,161,609 
Prudential Financial, Inc. 222,300 20,847,294 
Shinkong Insurance Co. Ltd. 100,000 115,793 
Sony Financial Holdings, Inc. 1,000,000 23,069,461 
Sul America SA unit 150,000 999,597 
  857,161,735 
Mortgage Real Estate Investment Trusts - 0.0%   
Two Harbors Investment Corp. 74,500 1,094,405 
Thrifts & Mortgage Finance - 0.2%   
ASAX Co. Ltd. 1,005,600 5,258,156 
Genworth MI Canada, Inc. (b) 450,000 14,770,405 
Genworth Mortgage Insurance Ltd. (b) 3,250,899 5,179,779 
Hingham Institution for Savings 10,100 2,056,360 
  27,264,700 
TOTAL FINANCIALS  1,845,154,235 
HEALTH CARE - 20.0%   
Biotechnology - 6.4%   
AbbVie, Inc. 700,000 54,495,000 
Amgen, Inc. 1,925,000 371,120,750 
Biogen, Inc. (a) 400,000 121,708,000 
Celgene Corp. (a) 35,000 2,506,000 
Cell Biotech Co. Ltd. 175,000 3,826,687 
Essex Bio-Technology Ltd. 1,000,000 650,348 
Gilead Sciences, Inc. 1,816,600 123,855,788 
United Therapeutics Corp. (a) 2,000,000 221,720,000 
  899,882,573 
Health Care Equipment & Supplies - 0.6%   
A&T Corp. 90,000 681,172 
Ansell Ltd. 500,000 8,207,458 
Create Medic Co. Ltd. 35,000 341,206 
Fukuda Denshi Co. Ltd. 623,800 39,362,396 
Kawasumi Laboratories, Inc. 100,000 598,219 
Medikit Co. Ltd. 35,000 1,892,143 
Microlife Corp. 800,000 2,178,259 
Nakanishi, Inc. 400,000 9,369,433 
Pacific Hospital Supply Co. Ltd. 200,000 432,164 
Paramount Bed Holdings Co. Ltd. 75,000 3,160,588 
Paul Hartmann AG 1,000 378,305 
St.Shine Optical Co. Ltd. 900,000 15,988,114 
Value Added Technology Co. Ltd. 75,000 1,485,539 
Varex Imaging Corp. (a) 100,000 2,596,000 
Vieworks Co. Ltd. 20,000 566,170 
  87,237,166 
Health Care Providers & Services - 11.4%   
Aetna, Inc. 1,850,000 367,040,000 
Anthem, Inc. 2,600,000 716,481,998 
EBOS Group Ltd. 487,300 6,626,862 
Excelsior Medical Co. Ltd. 200,000 286,817 
Hokuyaku Takeyama Holdings, Inc. 15,000 112,997 
Humana, Inc. 450,000 144,184,500 
MEDNAX, Inc. (a) 450,000 18,580,500 
Patterson Companies, Inc. 100,000 2,258,000 
Quest Diagnostics, Inc. 250,000 23,527,500 
Saint-Care Holding Corp. 375,000 1,997,386 
Sigma Healthcare Ltd. 6,500,000 2,393,547 
Tokai Corp. 400,000 8,071,963 
Uchiyama Holdings Co. Ltd. 775,000 3,331,192 
UnitedHealth Group, Inc. 1,100,000 287,485,000 
Universal Health Services, Inc. Class B 80,000 9,724,800 
Yagami, Inc. 5,000 100,722 
  1,592,203,784 
Health Care Technology - 0.1%   
Pharmagest Interactive (b) 240,000 13,890,820 
Life Sciences Tools & Services - 0.1%   
ICON PLC (a) 125,000 17,260,000 
Pharmaceuticals - 1.4%   
Apex Healthcare Bhd 750,000 1,396,224 
AstraZeneca PLC sponsored ADR 800,000 31,024,000 
Biofermin Pharmaceutical Co. Ltd. 100,000 2,549,741 
Bliss Gvs Pharma Ltd. (a) 100,000 228,637 
Daito Pharmaceutical Co. Ltd. 50,000 1,497,762 
Dawnrays Pharmaceutical Holdings Ltd. 18,000,000 4,131,625 
DongKook Pharmaceutical Co. Ltd. 83,000 4,037,248 
Genomma Lab Internacional SA de CV (a) 5,000,000 3,212,189 
GlaxoSmithKline PLC 83,500 1,617,208 
Huons Co. Ltd. 2,640 156,179 
Indivior PLC (a) 3,200,000 7,703,967 
Jazz Pharmaceuticals PLC (a) 10,000 1,588,200 
Johnson & Johnson 250,000 34,997,500 
Kaken Pharmaceutical Co. Ltd. 10,000 501,617 
Korea United Pharm, Inc. 130,000 2,546,450 
Kwang Dong Pharmaceutical Co. Ltd. 2,400,000 11,800,175 
Kyung Dong Pharmaceutical Co. Ltd. 50,000 501,753 
Lee's Pharmaceutical Holdings Ltd. (b) 9,000,000 6,725,368 
Luye Pharma Group Ltd. 2,500,000 1,928,729 
Nippon Chemiphar Co. Ltd. 75,010 2,765,468 
Novo Nordisk A/S Series B sponsored ADR 250,000 10,795,000 
Orient Europharma Co. Ltd. 200,000 326,222 
PT Tempo Scan Pacific Tbk 500,000 45,387 
Samjin Pharmaceutical Co. Ltd. 2,000 64,855 
Sanofi SA sponsored ADR 200,000 8,944,000 
Stallergenes Greer PLC (a) 104,976 3,222,219 
Syngen Biotech Co. Ltd. 55,000 152,775 
Taro Pharmaceutical Industries Ltd. (a) 350,000 34,828,500 
Towa Pharmaceutical Co. Ltd. 150,000 11,592,148 
Vetoquinol SA 10,000 560,662 
Vivimed Labs Ltd. (a) 100,000 52,731 
  191,494,539 
TOTAL HEALTH CARE  2,801,968,882 
INDUSTRIALS - 8.5%   
Aerospace & Defense - 0.1%   
Austal Ltd. 300,000 380,277 
Magellan Aerospace Corp. 100,000 1,443,275 
Rockwell Collins, Inc. 50,000 6,401,000 
SIFCO Industries, Inc. (a) 61,000 301,072 
The Lisi Group 5,000 145,829 
Vectrus, Inc. (a) 25,000 670,000 
  9,341,453 
Air Freight & Logistics - 0.1%   
AIT Corp. 900,000 8,454,823 
CTI Logistics Ltd. 436,771 296,927 
Onelogix Group Ltd. 4,600,100 1,175,555 
SBS Co. Ltd. 275,000 3,485,177 
  13,412,482 
Airlines - 0.0%   
WestJet Airlines Ltd. (b) 10,000 145,695 
Building Products - 0.2%   
Caesarstone Sdot-Yam Ltd. (b) 10,000 157,900 
InnoTec TSS AG 50,000 673,927 
Kondotec, Inc. 25,000 226,437 
KVK Corp. 75,000 923,915 
Miyako, Inc. 10,000 82,598 
Nihon Dengi Co. Ltd. 350,000 9,197,058 
Noda Corp. 275,000 2,522,489 
Sekisui Jushi Corp. 625,000 11,338,459 
  25,122,783 
Commercial Services & Supplies - 0.3%   
Asia File Corp. Bhd 5,300,100 3,103,177 
Calian Technologies Ltd. 309,000 6,081,651 
Civeo Corp. (a) 2,944,500 8,391,825 
CMC Corp. 15,000 281,562 
Fursys, Inc. 200,000 5,153,374 
Matsuda Sangyo Co. Ltd. 150,000 1,858,466 
Mitie Group PLC 2,033,898 3,777,405 
Nippon Kanzai Co. Ltd. 20,000 364,958 
Riverstone Holdings Ltd. 100,000 85,911 
Secom Joshinetsu Co. Ltd. 10,000 299,552 
VSE Corp. 330,000 10,348,800 
  39,746,681 
Construction & Engineering - 0.4%   
Arcadis NV 900,000 12,181,651 
Astaldi SpA (a) 300,000 190,285 
Boustead Projs. Pte Ltd. 2,549,475 1,500,070 
Boustead Singapore Ltd. 9,647,800 5,432,830 
Daiichi Kensetsu Corp. 275,000 4,074,977 
Geumhwa PSC Co. Ltd. 1,000 27,476 
Hokuriku Electrical Construction Co. Ltd. 83,400 750,219 
Joban Kaihatsu Co. Ltd. (b) 5,000 268,977 
Kawasaki Setsubi Kogyo Co. Ltd. 175,000 643,639 
Meisei Industrial Co. Ltd. 600,000 4,525,192 
Mirait Holdings Corp. 47,000 758,931 
Monadelphous Group Ltd. 10,000 101,903 
Nakano Corp. 10,000 57,518 
Nippon Rietec Co. Ltd. 1,041,046 13,516,483 
Seikitokyu Kogyo Co. Ltd. 550,000 3,139,097 
Shinnihon Corp. 75,000 711,215 
Sumiken Mitsui Road Co. Ltd. 60,000 389,773 
Sumitomo Densetsu Co. Ltd. 175,000 2,768,423 
Toshiba Plant Systems & Services Corp. 400,000 8,181,858 
Watanabe Sato Co. Ltd. 60,000 993,841 
  60,214,358 
Electrical Equipment - 0.4%   
Aichi Electric Co. Ltd. 117,000 3,292,197 
Aros Quality Group AB 853,205 13,519,036 
Canare Electric Co. Ltd. 95,000 1,698,188 
Dewhurst PLC 25,000 303,573 
Eaton Corp. PLC 320,800 22,991,736 
Hammond Power Solutions, Inc. Class A 530,000 2,383,380 
Holding Co. ADMIE IPTO SA 25,000 45,702 
Iwabuchi Corp. 10,000 448,442 
Regal Beloit Corp. 50,000 3,585,000 
Somfy SA 25,000 1,934,000 
Terasaki Electric Co. Ltd. 110,000 1,060,664 
  51,261,918 
Industrial Conglomerates - 0.1%   
Lifco AB 100,018 4,251,597 
Mytilineos Holdings SA 850,000 7,519,097 
Nolato AB Series B 10,000 460,598 
Reunert Ltd. 300,000 1,621,759 
  13,853,051 
Machinery - 0.8%   
Conrad Industries, Inc. (a) 22,800 404,700 
Daihatsu Diesel Manufacturing Co. Ltd. (c) 3,184,000 18,877,972 
Daiwa Industries Ltd. 1,100,000 11,610,759 
Estic Corp. 50,000 2,459,343 
Fuji Latex Co. Ltd. 35,000 763,061 
Fujimak Corp. (c) 820,000 7,165,507 
Fukushima Industries Corp. 75,000 3,416,493 
Global Brass & Copper Holdings, Inc. 275,000 8,695,500 
Haitian International Holdings Ltd. 3,750,000 7,316,420 
Hy-Lok Corp. 150,000 3,003,944 
Ihara Science Corp. 200,000 3,525,502 
Jaya Holdings Ltd. (a)(d) 1,157,500 24,234 
Koike Sanso Kogyo Co. Ltd. 35,000 787,876 
Luxfer Holdings PLC sponsored 50,000 1,154,000 
Mitsuboshi Belting Ltd. 12,500 306,975 
Momentum Group AB Class B 525,000 5,278,025 
Nakanishi Manufacturing Co. Ltd. 200,000 2,141,180 
Nakano Refrigerators Co. Ltd. 100,000 5,344,087 
Nansin Co. Ltd. 250,000 1,094,519 
Sakura Rubber Co. Ltd. (b) 36,200 1,880,020 
Sansei Co. Ltd. (b)(c) 850,000 3,148,846 
Semperit AG Holding (a)(b) 300,000 4,961,007 
SIMPAC, Inc. 2,325,000 4,819,128 
Suzumo Machinery Co. Ltd. 10,000 131,342 
Teikoku Sen-I Co. Ltd. 575,000 12,617,539 
The Hanshin Diesel Works Ltd. 30,000 496,654 
Tocalo Co. Ltd. 400,000 3,477,644 
Yamada Corp. 80,000 1,856,162 
  116,758,439 
Marine - 0.1%   
Freight Management Holdings Bhd 1,000,000 236,587 
Japan Transcity Corp. 1,400,000 5,471,706 
Nippon Concept Corp. 25,000 250,366 
SITC International Holdings Co. Ltd. 7,500,000 5,508,834 
  11,467,493 
Professional Services - 1.5%   
ABIST Co. Ltd. 175,000 5,730,713 
Akka Technologies SA 625,000 41,270,934 
Bertrandt AG 200,000 16,559,343 
Career Design Center Co. Ltd. 110,000 1,499,357 
Cpl Resources PLC 50,000 328,469 
Dun & Bradstreet Corp. 825,000 117,381,000 
Harvey Nash Group PLC 400,000 664,664 
McMillan Shakespeare Ltd. 2,600,000 30,379,635 
SHL-JAPAN Ltd. 100,000 1,523,463 
WDB Holdings Co. Ltd. 100,000 2,787,256 
  218,124,834 
Road & Rail - 0.6%   
Autohellas SA (c) 650,000 16,785,873 
ComfortDelgro Corp. Ltd. 100,000 162,437 
Daqin Railway Co. Ltd. (A Shares) 41,200,767 47,605,339 
Hamakyorex Co. Ltd. 92,000 2,980,104 
Higashi Twenty One Co. Ltd. 200,000 896,885 
NANSO Transport Co. Ltd. 125,000 1,395,843 
Nikkon Holdings Co. Ltd. 100,000 2,419,462 
SENKO Co. Ltd. 200,000 1,550,937 
Shin-Keisei Electric Railway Co. Ltd. 25,000 473,036 
STEF-TFE Group 15,000 1,374,471 
The Hokkaido Chuo Bus Co. Ltd. 1,000 37,267 
Tohbu Network Co. Ltd. 175,000 1,616,077 
Utoc Corp. 1,600,000 7,699,739 
  84,997,470 
Trading Companies & Distributors - 3.8%   
AerCap Holdings NV (a) 800,000 40,064,000 
Alconix Corp. 18,000 205,947 
Bergman & Beving AB (B Shares) 625,000 5,866,749 
Canox Corp. 357,900 3,038,669 
Daiichi Jitsugyo Co. Ltd. 25,000 826,428 
Green Cross Co. Ltd. (c) 556,000 5,592,768 
HERIGE 60,000 1,644,608 
Houston Wire & Cable Co. (a)(c) 1,348,500 8,428,125 
Howden Joinery Group PLC 225,000 1,349,108 
iMarketKorea, Inc. 35,000 198,160 
Itochu Corp. 18,500,000 343,100,412 
Kamei Corp. (c) 2,100,000 24,269,065 
Lumax International Corp. Ltd. 1,588,740 3,191,797 
Meiwa Corp. 1,300,000 5,000,222 
Mitani Shoji Co. Ltd. 665,000 31,707,360 
Mitsubishi Corp. 1,300,000 36,588,906 
Narasaki Sangyo Co. Ltd. 60,000 1,025,746 
Nishikawa Keisoku Co. Ltd. 20,000 596,446 
Pla Matels Corp. 300,000 1,531,440 
Rasa Corp. 225,000 1,866,442 
Sakai Trading Co. Ltd. 30,000 413,436 
Shinsho Corp. 100,000 2,461,116 
Yamazen Co. Ltd. 50,000 548,146 
Yuasa Trading Co. Ltd. 650,000 21,343,112 
  540,858,208 
Transportation Infrastructure - 0.1%   
Anhui Expressway Co. Ltd. (H Shares) 2,500,000 1,450,532 
Isewan Terminal Service Co. Ltd. 300,000 1,893,030 
Meiko Transportation Co. Ltd. 75,000 755,085 
Qingdao Port International Co. Ltd. (a)(e) 12,000,000 7,039,066 
  11,137,713 
TOTAL INDUSTRIALS  1,196,442,578 
INFORMATION TECHNOLOGY - 6.3%   
Communications Equipment - 0.0%   
HF Co. (c) 225,000 1,452,624 
SerComm Corp. 125,000 199,044 
  1,651,668 
Electronic Equipment & Components - 0.8%   
Casa Systems, Inc. (a) 100,000 1,440,000 
Daido Signal Co. Ltd. 400,000 2,088,005 
Dell Technologies, Inc. (a) 184,400 16,667,916 
Elematec Corp. 400,000 8,550,538 
HAGIAWARA ELECTRIC Co. Ltd. 173,300 4,567,680 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 2,000,000 5,090,357 
ITC Networks Corp. 5,000 72,141 
Kingboard Chemical Holdings Ltd. 5,675,000 15,197,113 
Kyosha Co. Ltd. 50,000 159,525 
Lacroix SA (c) 376,493 10,447,653 
Lagercrantz Group AB (B Shares) 10,000 98,458 
Makus, Inc. 300,000 997,809 
New Cosmos Electric Co. Ltd. 35,000 511,809 
Nihon Denkei Co. Ltd. 50,000 728,497 
Orbotech Ltd. (a) 75,000 4,195,500 
PAX Global Technology Ltd. (b) 5,500,000 2,707,235 
Redington India Ltd. 2,261,800 2,535,198 
Riken Kieki Co. Ltd. 550,000 10,850,357 
Shibaura Electronics Co. Ltd. 225,000 9,731,023 
Simplo Technology Co. Ltd. 1,320,000 7,652,977 
Thinking Electronic Industries Co. Ltd. 1,281,000 2,556,994 
VST Holdings Ltd. 20,443,500 9,671,751 
  116,518,536 
Internet Software & Services - 0.0%   
Danawa Co. Ltd. 10,000 159,071 
IT Services - 3.3%   
All for One Steeb AG 10,000 595,774 
Amdocs Ltd. 1,250,000 79,087,500 
Avant Corp. 150,000 2,053,884 
Cielo SA 650,000 2,305,522 
Computer Services, Inc. 5,000 250,350 
Data#3 Ltd. 800,001 849,781 
Dimerco Data System Corp. 425,000 463,292 
E-Credible Co. Ltd. 240,000 3,302,366 
eClerx Services Ltd. (a) 123,576 1,777,700 
Enea Data AB (a) 210,000 2,443,955 
Estore Corp. (c) 481,100 4,250,957 
Future Corp. 739,200 10,056,029 
GMO Internet, Inc. 5,000 71,432 
GMO Pepabo, Inc. 14,000 501,263 
IFIS Japan Ltd. 125,000 821,997 
Infocom Corp. 25,000 937,209 
Korea Information & Communication Co. Ltd. (a) 325,000 2,791,411 
Leidos Holdings, Inc. 29,400 1,904,532 
Netcompany Group A/S 53,900 1,782,647 
Neurones 10,000 236,724 
Nice Information & Telecom, Inc. 132,413 2,199,147 
Persistent Systems Ltd. 125,000 957,274 
Shinsegae Information & Communication Co. Ltd. 15,000 1,801,052 
Societe Pour L'Informatique Industrielle SA 174,000 4,375,200 
Softcreate Co. Ltd. 25,000 354,943 
Sopra Steria Group 475,000 52,724,857 
Tessi SA (a)(c) 199,798 29,645,458 
The Western Union Co. 13,818,200 249,280,328 
TravelSky Technology Ltd. (H Shares) 350,000 848,003 
Wipro Ltd. 1,504,974 6,735,982 
  465,406,569 
Semiconductors & Semiconductor Equipment - 0.1%   
e-LITECOM Co. Ltd. 50,000 196,319 
Miraial Co. Ltd. (b)(c) 600,000 5,466,389 
Phison Electronics Corp. 600,000 3,934,045 
  9,596,753 
Software - 0.3%   
8K Miles Software Services Ltd. (a) 5,000 4,617 
Cyient Ltd. 50,000 419,991 
eBase Co. Ltd. 120,000 1,807,950 
Ebix, Inc. 300,000 17,193,000 
InfoVine Co. Ltd. 63,600 1,240,228 
Jastec Co. Ltd. 110,000 1,085,036 
Justplanning, Inc. (b) 350,000 2,205,433 
KPIT Cummins Infosystems Ltd. 1,800,000 5,388,318 
KSK Co., Ltd. 121,900 1,781,478 
Linedata Services 10,000 343,193 
Micro Focus International PLC sponsored ADR 500,084 7,671,289 
Sinosoft Tech Group Ltd. 3,000,000 856,930 
SurveyMonkey (b) 34,100 365,211 
System Research Co. Ltd. 25,000 837,506 
Toho System Science Co. Ltd. 100,000 772,810 
Uchida Esco Co. Ltd. (c) 315,400 5,045,394 
Zensar Technologies Ltd. 500,000 1,734,045 
  48,752,429 
Technology Hardware, Storage & Peripherals - 1.8%   
Bluecom Co. Ltd. 55,000 189,439 
Elecom Co. Ltd. 40,000 949,351 
Hewlett Packard Enterprise Co. 4,800,000 73,200,000 
HP, Inc. 7,000,000 168,980,000 
TPV Technology Ltd. 25,000,000 2,040,309 
  245,359,099 
TOTAL INFORMATION TECHNOLOGY  887,444,125 
MATERIALS - 1.8%   
Chemicals - 1.1%   
C. Uyemura & Co. Ltd. 185,000 11,821,243 
CF Industries Holdings, Inc. 265,400 12,747,162 
Chokwang Paint Ltd. 50,000 262,927 
Dainichiseika Color & Chemicals Manufacturing Co. Ltd. 10,000 296,007 
Daishin-Chemical Co. Ltd. (c) 405,295 4,647,953 
Fuso Chemical Co. Ltd. 200,000 3,998,759 
Green Seal Holding Ltd. 55,000 64,485 
Hannong Chemicals, Inc. (c) 1,288,000 4,244,417 
Isamu Paint Co. Ltd. (b) 20,000 630,124 
K&S AG (b) 800,000 14,923,796 
Koatsu Gas Kogyo Co. Ltd. 200,000 1,456,995 
KPC Holdings Corp. 12,000 641,543 
KPX Green Chemical Co. Ltd. 50,000 164,110 
Kukdong Oil & Chemicals Co. Ltd. 100,000 277,388 
Kunsul Chemical Industrial Co. Ltd. 5,000 102,323 
Kuriyama Holdings Corp. 100,000 1,553,596 
LyondellBasell Industries NV Class A 148,300 13,238,741 
Nippon Soda Co. Ltd. 160,000 4,174,591 
NOF Corp. 200,000 5,680,861 
Nutrien Ltd. 120,000 6,352,539 
Okamoto Industries, Inc. 2,000 90,043 
Scientex Bhd 4,051,200 8,316,360 
T&K Toka Co. Ltd. 350,000 3,350,024 
Tae Kyung Industrial Co. Ltd. 675,000 3,076,249 
Thai Carbon Black PCL (For. Reg.) (a) 50,000 80,293 
Thai Rayon PCL NVDR 250,000 344,919 
The Mosaic Co. 100,000 3,094,000 
Toho Acetylene Co. Ltd. 225,000 3,068,862 
Yara International ASA 850,000 36,572,042 
Yip's Chemical Holdings Ltd. 3,500,000 1,053,309 
Yung Chi Paint & Varnish Manufacturing Co. Ltd. 2,200,000 5,258,313 
  151,583,974 
Construction Materials - 0.1%   
Brampton Brick Ltd. Class A (sub. vtg.) (a) 5,000 31,334 
Ibstock PLC (e) 500,000 1,434,140 
Mitani Sekisan Co. Ltd. 250,000 5,669,783 
Yotai Refractories Co. Ltd. 200,000 1,386,095 
  8,521,352 
Containers & Packaging - 0.1%   
AMVIG Holdings Ltd. 2,500,000 624,845 
Chuoh Pack Industry Co. Ltd. 12,000 139,212 
Crown Holdings, Inc. (a) 25,000 1,057,250 
Mayr-Melnhof Karton AG 105,000 13,296,178 
The Pack Corp. 75,000 2,150,264 
  17,267,749 
Metals & Mining - 0.5%   
ArcelorMittal SA Class A unit (b) 100,000 2,489,000 
Ausdrill Ltd. 20,572,770 24,985,161 
Castings PLC 75,000 370,518 
Chubu Steel Plate Co. Ltd. 458,800 2,557,586 
CI Resources Ltd. (d) 400,000 481,542 
CK-SAN-ETSU Co. Ltd. 110,000 2,939,248 
Compania de Minas Buenaventura SA sponsored ADR 350,000 4,844,000 
Labrador Iron Ore Royalty Corp. 100,000 2,172,509 
Mount Gibson Iron Ltd. 25,487,603 9,746,485 
Orvana Minerals Corp. (a) 50,000 5,887 
Pacific Metals Co. Ltd. (b) 700,999 19,669,122 
Rio Tinto PLC sponsored ADR (b) 100,000 4,929,000 
Teck Resources Ltd. Class B (sub. vtg.) 50,000 1,033,461 
Warrior Metropolitan Coal, Inc. 50,000 1,400,000 
  77,623,519 
TOTAL MATERIALS  254,996,594 
REAL ESTATE - 0.2%   
Equity Real Estate Investment Trusts (REITs) - 0.1%   
CorePoint Lodging, Inc. 5,000 81,850 
Piedmont Office Realty Trust, Inc. Class A 413,500 7,451,270 
Sabra Health Care REIT, Inc. 101,100 2,188,815 
Spirit Realty Capital, Inc. 50,000 391,000 
  10,112,935 
Real Estate Management & Development - 0.1%   
CRE, Inc. 10,000 88,270 
Japan Corporate Housing Service, Inc. 25,000 172,376 
Lai Sun Garment (International) Ltd. 203,741 260,329 
Leopalace21 Corp. 500,000 2,087,118 
LSL Property Services PLC 50,000 159,775 
Nisshin Fudosan Co. Ltd. (c) 2,850,000 13,311,029 
  16,078,897 
TOTAL REAL ESTATE  26,191,832 
UTILITIES - 2.2%   
Electric Utilities - 1.8%   
EVN AG 10,000 174,881 
Exelon Corp. 1,900,000 83,239,000 
Fjordkraft Holding ASA (a) 650,000 2,390,330 
PG&E Corp. 350,000 16,383,500 
PPL Corp. 4,800,134 145,924,074 
Public Power Corp. of Greece (a) 25,000 37,547 
  248,149,332 
Gas Utilities - 0.4%   
Busan City Gas Co. Ltd. 110,000 3,432,077 
China Resource Gas Group Ltd. 2,000,000 7,651,158 
ENN Energy Holdings Ltd. 100,000 849,916 
GAIL India Ltd. 5,416,666 27,409,238 
Hokuriku Gas Co. 75,000 1,962,157 
K&O Energy Group, Inc. 25,000 347,632 
Keiyo Gas Co. Ltd. 15,000 364,249 
Seoul City Gas Co. Ltd. 100,000 7,642,419 
YESCO Co. Ltd. 240,000 8,581,946 
  58,240,792 
Water Utilities - 0.0%   
Manila Water Co., Inc. 500,000 233,920 
Thessaloniki Water & Sewage SA (a) 50,000 241,254 
  475,174 
TOTAL UTILITIES  306,865,298 
TOTAL COMMON STOCKS   
(Cost $10,080,350,102)  12,409,705,008 
Nonconvertible Preferred Stocks - 0.1%   
INDUSTRIALS - 0.0%   
Industrial Conglomerates - 0.0%   
Steel Partners Holdings LP Series A, 6.00% 148,400 3,153,500 
Machinery - 0.0%   
Danieli & C. Officine Meccaniche SpA 10,000 147,471 
TOTAL INDUSTRIALS  3,300,971 
MATERIALS - 0.1%   
Construction Materials - 0.1%   
Buzzi Unicem SpA (Risparmio Shares) 550,000 6,179,738 
UTILITIES - 0.0%   
Electric Utilities - 0.0%   
Companhia Paranaense de Energia-Copel (PN-B) 500,000 3,524,117 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $10,786,016)  13,004,826 
Money Market Funds - 14.9%   
Fidelity Cash Central Fund, 2.23% (f) 1,577,570,335 1,577,885,849 
Fidelity Securities Lending Cash Central Fund 2.23% (f)(g) 507,065,829 507,116,535 
TOTAL MONEY MARKET FUNDS   
(Cost $2,084,988,020)  2,085,002,384 
TOTAL INVESTMENT IN SECURITIES - 103.5%   
(Cost $12,176,124,138)  14,507,712,218 
NET OTHER ASSETS (LIABILITIES) - (3.5)%  (490,056,806) 
NET ASSETS - 100%  $14,017,655,412 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Affiliated company

 (d) Level 3 security

 (e) 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 $31,448,187 or 0.2% of net assets.

 (f) 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.

 (g) Investment made with cash collateral received from securities on loan.

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 $7,534,545 
Fidelity Securities Lending Cash Central Fund 1,560,069 
Total $9,094,614 

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

Other Affiliated Issuers

An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Realized Gain (loss) Change in Unrealized appreciation (depreciation) Value, end of period 
Autohellas SA $17,937,829 $-- $-- $-- $-- $(1,151,956) $16,785,873 
Bed Bath & Beyond, Inc. 204,157,000 5,462,312 -- 1,792,000 -- (55,731,312) 153,888,000 
Carbo Ceramics, Inc. 22,020,666 -- -- -- -- (10,620,900) 11,399,766 
Chori Co. Ltd. 29,068,372 -- -- 325,204 -- (3,178,037) 25,890,335 
Daihatsu Diesel Manufacturing Co. Ltd. 21,071,949 -- -- -- -- (2,193,977) 18,877,972 
Daishin-Chemical Co. Ltd. 4,575,671 763,447 -- -- -- (691,165) 4,647,953 
Estore Corp. 4,319,635 -- 184,050 -- 55,938 59,434 4,250,957 
Fuji Corp. 16,821,807 -- -- 169,593 -- (3,873,827) 12,947,980 
Fujimak Corp. 7,377,543 -- -- -- -- (212,036) 7,165,507 
G-Tekt Corp. 46,772,794 825,260 -- 483,098 -- (8,773,664) 38,824,390 
GameStop Corp. Class A 144,087,996 -- -- 3,799,683 -- 1,899,842 145,987,838 
Gendai Agency, Inc. 4,074,587 -- -- 81,448 -- (368,290) 3,706,297 
GNC Holdings, Inc. Class A 18,887,928 -- -- -- -- 2,969,800 21,857,728 
Green Cross Co. Ltd. 5,010,956 368,227 -- -- -- 213,585 5,592,768 
Guess?, Inc. 130,557,856 -- -- 1,296,360 -- (8,181,472) 122,376,384 
Gwangju Shinsegae Co. Ltd. 18,101,973 -- -- -- -- (3,807,661) 14,294,312 
Hannong Chemicals, Inc. 5,112,810 -- -- -- -- (868,393) 4,244,417 
HF Co. 1,873,299 -- -- -- -- (420,675) 1,452,624 
Hibbett Sports, Inc. 26,399,385 -- -- -- -- (6,303,644) 20,095,741 
Houston Wire & Cable Co. 10,788,000 -- -- -- -- (2,359,875) 8,428,125 
Jinro Distillers Co. Ltd. 14,372,906 -- -- -- -- (690,566) 13,682,340 
Kamei Corp. 29,354,738 -- -- 209,609 -- (5,085,673) 24,269,065 
Lacroix SA 11,886,806 -- -- -- -- (1,439,153) 10,447,653 
MegaStudy Co. Ltd. 14,593,862 -- -- -- -- (5,639,188) 8,954,674 
MegaStudyEdu Co. Ltd. 31,166,266 -- -- -- -- (14,443,002) 16,723,264 
Miraial Co. Ltd. 6,111,881 -- -- -- -- (645,492) 5,466,389 
Nisshin Fudosan Co. Ltd. 17,561,597 -- -- -- -- (4,250,568) 13,311,029 
Peyto Exploration & Development Corp. 102,801,079 -- -- 1,463,031 -- (1,028,677) 101,772,402 
Sansei Co. Ltd. 2,888,700 -- -- -- -- 260,146 3,148,846 
Satsudora Holdings Co. Ltd. 7,630,461 -- -- -- -- (388,027) 7,242,434 
TBK Co. Ltd. 8,242,186 -- -- 114,985 -- (888,085) 7,354,101 
Tessi SA 42,638,167 -- -- -- -- (12,992,709) 29,645,458 
Tokatsu Holdings Co. Ltd. 1,202,880 -- -- -- -- (61,833) 1,141,047 
Treasure Factory Co. Ltd. 6,322,944 -- 159,283 56,396 (102,523) (908,481) 5,152,657 
Uchida Esco Co. Ltd. 4,831,912 -- -- -- -- 213,482 5,045,394 
Yorozu Corp. 29,416,018 -- -- 428,863 -- (3,269,556) 26,146,462 
Zappallas, Inc. 3,698,967 -- -- -- -- 15,306 3,714,273 
Total $1,073,739,426 $7,419,246 $343,333 $10,220,270 $(46,585) $(154,836,299) $925,932,455 

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Communication Services $805,992,772 $727,997,800 $77,994,972 $-- 
Consumer Discretionary 2,339,941,280 2,334,809,016 -- 5,132,264 
Consumer Staples 556,212,357 528,771,295 27,441,062 -- 
Energy 1,388,495,055 1,221,784,846 166,710,209 -- 
Financials 1,845,154,235 1,561,928,702 283,225,533 -- 
Health Care 2,801,968,882 2,800,351,674 1,617,208 -- 
Industrials 1,199,743,549 820,029,997 379,689,318 24,234 
Information Technology 887,444,125 880,708,143 6,735,982 -- 
Materials 261,176,332 241,025,668 19,669,122 481,542 
Real Estate 26,191,832 26,191,832 -- -- 
Utilities 310,389,415 310,389,415 -- -- 
Money Market Funds 2,085,002,384 2,085,002,384 -- -- 
Total Investments in Securities: $14,507,712,218 $13,538,990,772 $963,083,406 $5,638,040 

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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 open-end mutual funds, including the Fidelity Central 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity Flex℠ Funds

Fidelity Flex℠ Intrinsic Opportunities Fund

October 31, 2018







ZTO-QTLY-1218
1.9881589.101





Schedule of Investments October 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 91.7%   
 Shares Value 
COMMUNICATION SERVICES - 4.0%   
Diversified Telecommunication Services - 1.0%   
AT&T, Inc. 2,883 $88,450 
Verizon Communications, Inc. 3,655 208,664 
  297,114 
Entertainment - 0.5%   
GAMEVIL, Inc. (a) 313 
The Walt Disney Co. 226 25,952 
Viacom, Inc.:   
Class A 1,921 67,946 
Class B (non-vtg.) 1,441 46,083 
  140,294 
Interactive Media & Services - 0.8%   
Alphabet, Inc. Class A (a) 72 78,522 
AuFeminin.com SA (a) 203 9,075 
Kakaku.com, Inc. 1,211 21,969 
Yahoo! Japan Corp. 10,800 33,694 
YY, Inc. ADR (a) 1,561 99,748 
Zappallas, Inc. (a) 2,600 8,779 
  251,787 
Media - 1.6%   
AMC Networks, Inc. Class A (a) 300 17,574 
Comcast Corp. Class A 5,282 201,455 
Corus Entertainment, Inc. Class B (non-vtg.) 273 1,029 
Discovery Communications, Inc. Class A (a) 5,642 182,744 
DMS, Inc. 500 7,210 
F@N Communications, Inc. 400 2,219 
Gendai Agency, Inc. 1,500 6,541 
Hyundai HCN 4,802 17,676 
Ipsos SA 187 
Multiplus SA 900 6,104 
Nippon BS Broadcasting Corp. 200 2,170 
Nippon Television Network Corp. 147 2,348 
Pico Far East Holdings Ltd. 6,000 2,028 
Proto Corp. 100 1,325 
SMG PLC 34 
Television Broadcasts Ltd. 2,700 5,695 
WOWOW INC. 400 11,610 
  467,949 
Wireless Telecommunication Services - 0.1%   
Okinawa Cellular Telephone Co. 600 22,094 
TOTAL COMMUNICATION SERVICES  1,179,238 
CONSUMER DISCRETIONARY - 16.7%   
Auto Components - 2.3%   
Adient PLC (b) 237 7,210 
Cooper Tire & Rubber Co. 1,441 44,512 
Dongah Tire & Rubber Co. Ltd. 29 798 
Eagle Industry Co. Ltd. 395 4,603 
Fukoku Co. Ltd. 200 1,634 
G-Tekt Corp. 6,200 87,531 
Gentex Corp. 325 6,841 
Hi-Lex Corp. 463 9,725 
Hyundai Mobis 2,221 369,842 
IJT Technology Holdings Co. Ltd. 2,900 17,939 
INFAC Corp. 71 205 
Piolax, Inc. 1,100 24,001 
Seoyon Co. Ltd. 345 1,017 
Seoyon E-Hwa Co., Ltd. 1,646 5,763 
TBK Co. Ltd. 400 1,634 
TPR Co. Ltd. 2,000 48,761 
Yorozu Corp. 3,500 49,413 
  681,429 
Automobiles - 0.7%   
Audi AG 62 52,106 
Fiat Chrysler Automobiles NV 96 1,451 
Fiat Chrysler Automobiles NV 3,037 46,266 
General Motors Co. 3,001 109,807 
Harley-Davidson, Inc. 115 
  209,745 
Distributors - 0.2%   
Chori Co. Ltd. 1,000 16,529 
Doshisha Co. Ltd. 800 16,484 
Harima-Kyowa Co. Ltd. 100 1,303 
Nakayamafuku Co. Ltd. 100 547 
Yagi & Co. Ltd. 700 10,546 
  45,409 
Diversified Consumer Services - 0.7%   
Asante, Inc. 100 1,993 
Heian Ceremony Service Co. Ltd. 1,200 9,497 
Kukbo Design Co. Ltd. 14 146 
MegaStudy Co. Ltd. 2,610 21,502 
MegaStudyEdu Co. Ltd. 2,515 40,117 
Multicampus Co. Ltd. 35 1,189 
Tsukada Global Holdings, Inc. 2,700 14,429 
Weight Watchers International, Inc. (a) 1,861 123,012 
  211,885 
Hotels, Restaurants & Leisure - 0.4%   
Brinker International, Inc. 52 2,254 
Hiday Hidaka Corp. 360 7,013 
Koshidaka Holdings Co. Ltd. 2,000 23,273 
Kura Corp. Ltd. 200 11,592 
Retail Food Group Ltd. 2,910 762 
St. Marc Holdings Co. Ltd. 500 11,885 
The Restaurant Group PLC 16,655 51,348 
Whitbread PLC 56 
Wyndham Destinations, Inc. 108 
Wyndham Hotels & Resorts, Inc. 148 
  108,439 
Household Durables - 0.8%   
Ace Bed Co. Ltd. 600 13,067 
Emak SpA 409 567 
FJ Next Co. Ltd. 1,900 14,060 
Gree Electric Appliances, Inc. of Zhuhai Class A (a) 600 3,274 
Hamilton Beach Brands Holding Co.:   
Class A 104 2,415 
Class B 104 2,415 
Helen of Troy Ltd. (a) 1,321 163,963 
Q.E.P. Co., Inc. 24 641 
Sanyo Housing Nagoya Co. Ltd. 1,700 15,066 
Tupperware Brands Corp. 323 11,337 
  226,805 
Internet & Direct Marketing Retail - 0.0%   
Aucnet, Inc. 100 1,048 
CROOZ, Inc. (a) 100 2,209 
Hyundai Home Shopping Network Corp. 599 
NS Shopping Co. Ltd. 30 284 
Trade Maine Group Ltd. 34 108 
  4,248 
Leisure Products - 0.1%   
Mars Group Holdings Corp. 1,100 22,734 
Media - 0.0%   
Liberty Latin America Ltd. Class A (a) 90 
Multiline Retail - 0.4%   
Grazziotin SA 200 1,209 
Lifestyle China Group Ltd. (a) 30,000 12,127 
Lifestyle International Holdings Ltd. 31,000 53,525 
Macy's, Inc. 1,200 41,148 
Treasure Factory Co. Ltd. 1,300 7,881 
Watts Co. Ltd. 600 4,653 
  120,543 
Specialty Retail - 9.7%   
ABC-MART, Inc. 100 5,849 
Arc Land Sakamoto Co. Ltd. 900 11,845 
AT-Group Co. Ltd. 1,837 42,573 
AutoNation, Inc. (a) 840 34,003 
Beacon Lighting Group Ltd. 17 17 
Bed Bath & Beyond, Inc. 13,460 184,940 
Best Buy Co., Inc. 9,124 640,140 
DongAh Tire & Rubber Co. Ltd. (a) 39 460 
Dunelm Group PLC 244 1,860 
Ff Group (a)(c) 2,761 12,009 
Fuji Corp. 1,699 31,169 
GameStop Corp. Class A 12,347 180,266 
Genesco, Inc. (a) 720 30,809 
GNC Holdings, Inc. Class A (a)(b) 14,261 52,480 
Goldlion Holdings Ltd. 22,000 8,669 
Guess?, Inc. 8,345 177,248 
Handsman Co. Ltd. 1,700 16,543 
Hibbett Sports, Inc. (a) 2,462 43,011 
JB Hi-Fi Ltd. (b) 1,681 27,379 
John David Group PLC 80,912 422,271 
K's Holdings Corp. 10,000 126,379 
Ku Holdings Co. Ltd. 900 7,402 
Lookers PLC 764 933 
Mandarake, Inc. 100 592 
Nafco Co. Ltd. 200 3,208 
Nitori Holdings Co. Ltd. 2,200 287,296 
Oriental Watch Holdings Ltd. 4,000 888 
Padini Holdings Bhd 1,800 2,417 
Sacs Bar Holdings, Inc. 800 7,090 
Sally Beauty Holdings, Inc. (a) 11,404 203,105 
Samse SA 65 9,056 
Silvano Fashion Group A/S 21 
Sports Direct International PLC (a) 68 284 
The Buckle, Inc. 514 10,486 
Tokatsu Holdings Co. Ltd. 100 456 
Truworths International Ltd. 228 1,251 
Urban Outfitters, Inc. (a) 2,281 90,008 
Vita Group Ltd. 18 13 
Vitamin Shoppe, Inc. (a) 104 808 
Williams-Sonoma, Inc. 2,641 156,823 
  2,832,057 
Textiles, Apparel & Luxury Goods - 1.4%   
Best Pacific International Holdings Ltd. 2,000 510 
Embry Holdings Ltd. 1,000 318 
Fossil Group, Inc. (a) 4,470 97,044 
Gerry Weber International AG (Bearer) 1,501 4,939 
Grendene SA 300 588 
Handsome Co. Ltd. 17 542 
Magni-Tech Industries Bhd 4,500 4,786 
Michael Kors Holdings Ltd. (a) 4,562 252,780 
Sitoy Group Holdings Ltd. 6,000 1,890 
Texwinca Holdings Ltd. 2,000 678 
Vera Bradley, Inc. (a) 2,281 30,086 
Youngone Holdings Co. Ltd. 176 9,471 
Yue Yuen Industrial (Holdings) Ltd. 5,000 13,676 
  417,308 
TOTAL CONSUMER DISCRETIONARY  4,880,692 
CONSUMER STAPLES - 4.8%   
Beverages - 0.9%   
A.G. Barr PLC 968 9,453 
Britvic PLC 16,730 169,150 
C&C Group PLC 309 1,148 
Jinro Distillers Co. Ltd. 1,256 32,859 
Lucas Bols BV (d) 82 1,467 
Olvi PLC (A Shares) 68 2,280 
Spritzer Bhd 200 100 
Willamette Valley Vineyards, Inc. 22 
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares) 14,600 30,980 
  247,459 
Food & Staples Retailing - 1.7%   
Amsterdam Commodities NV 1,501 31,486 
Belc Co. Ltd. 100 5,105 
Dong Suh Companies, Inc. 1,200 19,614 
Genky DrugStores Co. Ltd. 800 25,879 
Halows Co. Ltd. 100 2,186 
J Sainsbury PLC 136 541 
Kroger Co. 4,802 142,908 
MARR SpA 1,921 46,519 
OM2 Network Co. Ltd. 200 2,246 
Retail Partners Co. Ltd. 1,200 13,698 
Satsudora Holdings Co. Ltd. 800 14,485 
Shoei Foods Corp. 100 3,837 
Tesco PLC 24,191 65,882 
Thai President Foods PCL 43 207 
United Natural Foods, Inc. (a) 989 21,491 
Valor Holdings Co. Ltd. 1,600 34,386 
Walgreens Boots Alliance, Inc. 956 76,260 
  506,730 
Food Products - 0.9%   
Ajinomoto Malaysia Bhd 3,000 13,192 
B&G Foods, Inc. Class A (b) 720 18,749 
Bakkafrost 286 16,061 
Bell AG 50 15,688 
Binggrea Co. Ltd. 10 621 
Carr's Group PLC 4,948 9,487 
Changshouhua Food Co. Ltd. 1,000 342 
Cranswick PLC 970 35,832 
Dean Foods Co. 34 272 
Fresh Del Monte Produce, Inc. 1,405 46,407 
Kaneko Seeds Co. Ltd. 100 1,289 
Kaveri Seed Co. Ltd. (a) 400 2,695 
Kawan Food Bhd 133 58 
Kwality Ltd. (a) 100 
Lassonde Industries, Inc. Class A (sub. vtg.) 120 21,165 
London Biscuits Bhd (a) 2,700 355 
Pickles Corp. 100 1,984 
Prima Meat Packers Ltd. 228 4,302 
S Foods, Inc. 600 24,221 
Select Harvests Ltd. 3,451 12,610 
Thai Wah PCL 300 76 
The Hain Celestial Group, Inc. (a) 1,561 38,838 
The J.M. Smucker Co. 63 6,824 
Toyo Sugar Refining Co. Ltd. 200 1,989 
Valsoia SpA 42 607 
  273,673 
Personal Products - 1.0%   
Asaleo Care Ltd. 682 338 
Hengan International Group Co. Ltd. 4,133 32,729 
USANA Health Sciences, Inc. (a) 2,221 259,901 
  292,968 
Tobacco - 0.3%   
KT&G Corp. 756 67,252 
Scandinavian Tobacco Group A/S (d) 960 14,567 
  81,819 
TOTAL CONSUMER STAPLES  1,402,649 
ENERGY - 8.1%   
Energy Equipment & Services - 0.8%   
AKITA Drilling Ltd. Class A (non-vtg.) 170 573 
Carbo Ceramics, Inc. (a)(b) 5,667 27,372 
Diamond Offshore Drilling, Inc. (a) 926 13,131 
Ensco PLC Class A 9,604 68,573 
Geospace Technologies Corp. (a) 1,122 14,283 
GulfMark Offshore, Inc. (a) 135 
GulfMark Offshore, Inc. warrants 11/14/24 (a) 50 93 
National Oilwell Varco, Inc. 480 17,664 
Oceaneering International, Inc. (a) 1,274 24,130 
Prosafe ASA (a) 68 201 
Shinko Plantech Co. Ltd. 4,300 40,052 
Tecnicas Reunidas SA 291 7,828 
Transocean Ltd. (United States) (a)(b) 2,037 22,427 
  236,462 
Oil, Gas & Consumable Fuels - 7.3%   
Alvopetro Energy Ltd. (a) 1,900 736 
Baytex Energy Corp. (a) 3,087 6,308 
Birchcliff Energy Ltd. 7,203 22,707 
Bonavista Energy Corp. 34 32 
Bonterra Energy Corp. 617 6,941 
Chevron Corp. 1,080 120,582 
China Petroleum & Chemical Corp. (H Shares) 480,667 391,540 
CNOOC Ltd. sponsored ADR 123 20,818 
ConocoPhillips Co. 6,002 419,540 
Contango Oil & Gas Co. (a) 170 859 
Denbury Resources, Inc. (a) 7,409 25,561 
Enagas SA 7,203 191,235 
Fuji Kosan Co. Ltd. 100 553 
Husky Energy, Inc. 10,324 145,945 
Imperial Oil Ltd. 864 26,987 
International Seaways, Inc. (a) 151 
Motor Oil (HELLAS) Corinth Refineries SA 581 13,754 
Murphy Oil Corp. 3,121 99,435 
NACCO Industries, Inc. Class A 219 7,564 
Oil & Natural Gas Corp. Ltd. 86,700 179,648 
Oil India Ltd. 200 534 
Peyto Exploration & Development Corp. 21,608 176,285 
San-Ai Oil Co. Ltd. 200 2,161 
Ship Finance International Ltd. (NY Shares) 88 
Thai Oil PCL (For. Reg.) 400 1,022 
Total SA sponsored ADR 3,823 224,028 
Tsakos Energy Navigation Ltd. 307 1,013 
Whiting Petroleum Corp. (a) 960 35,808 
World Fuel Services Corp. 840 26,880 
  2,148,715 
TOTAL ENERGY  2,385,177 
FINANCIALS - 15.1%   
Banks - 5.3%   
Cambridge Bancorp 257 
Central Valley Community Bancorp 17 344 
Citizens Financial Services, Inc. 490 
Erste Group Bank AG 122 
F & M Bank Corp. 214 7,233 
Gunma Bank Ltd. 12,215 55,427 
Hiroshima Bank Ltd. 1,916 11,869 
JPMorgan Chase & Co. 3,121 340,251 
Mitsubishi UFJ Financial Group, Inc. 40,783 246,839 
NIBC Holding NV 1,297 11,810 
Nordea Bank ABP (a) 69 600 
OFG Bancorp 4,229 72,274 
Ogaki Kyoritsu Bank Ltd. 100 2,220 
San ju San Financial Group, Inc. 632 11,219 
Skandiabanken ASA (d) 1,441 14,359 
Sparebank 1 Oestlandet 2,401 24,950 
Sumitomo Mitsui Financial Group, Inc. 9,567 372,492 
The Keiyo Bank Ltd. 658 4,811 
The San-In Godo Bank Ltd. 3,575 27,184 
Unicaja Banco SA (d) 14,406 18,454 
Van Lanschot NV (Bearer) 55 1,349 
Wells Fargo & Co. 5,402 287,548 
Yamaguchi Financial Group, Inc. 4,538 47,980 
  1,560,082 
Capital Markets - 1.2%   
ABG Sundal Collier ASA 1,023 613 
Apollo Global Management LLC Class A 951 27,978 
Brighthouse Financial, Inc. (a) 729 28,890 
Edify SA (a) 440 
Franklin Resources, Inc. 206 6,283 
Goldman Sachs Group, Inc. 240 54,089 
Morgan Stanley 1,614 73,695 
The Blackstone Group LP 5,176 167,495 
  359,483 
Consumer Finance - 1.1%   
Aeon Credit Service (Asia) Co. Ltd. 24,000 20,046 
Credit Corp. Group Ltd. 36 486 
Discover Financial Services 2,401 167,278 
Santander Consumer U.S.A. Holdings, Inc. 614 11,513 
Synchrony Financial 4,322 124,819 
  324,142 
Diversified Financial Services - 1.3%   
Fuyo General Lease Co. Ltd. 1,300 72,238 
Granite Point Mortgage Trust, Inc. 167 
IBJ Leasing Co. Ltd. 363 9,124 
Kyushu Railway Co. 500 15,332 
NICE Holdings Co. Ltd. 156 2,345 
Ricoh Leasing Co. Ltd. 2,600 85,372 
Tokyo Century Corp. 3,300 176,940 
  361,518 
Insurance - 6.0%   
AFLAC, Inc. 9,604 413,644 
ASR Nederland NV 2,401 109,215 
Assurant, Inc. 480 46,661 
Chubb Ltd. 720 89,935 
Db Insurance Co. Ltd. 3,061 192,620 
Genworth Financial, Inc. Class A (a) 18,165 77,746 
Hannover Reuck SE 108 14,569 
Hyundai Fire & Marine Insurance Co. Ltd. 900 32,971 
Kansas City Life Insurance Co. 39 
MetLife, Inc. 11,765 484,600 
National Western Life Group, Inc. 31 8,348 
NN Group NV 4,075 175,391 
Prudential Financial, Inc. 534 50,079 
Sony Financial Holdings, Inc. 2,400 55,367 
  1,751,185 
Mortgage Real Estate Investment Trusts - 0.0%   
Two Harbors Investment Corp. 51 749 
Thrifts & Mortgage Finance - 0.2%   
ASAX Co. Ltd. 1,500 7,843 
Genworth MI Canada, Inc. 1,080 35,449 
Genworth Mortgage Insurance Ltd. 7,805 12,436 
Hingham Institution for Savings 1,425 
  57,153 
TOTAL FINANCIALS  4,414,312 
HEALTH CARE - 24.9%   
Biotechnology - 7.6%   
AbbVie, Inc. 2,401 186,918 
Amgen, Inc. 4,622 891,075 
Biogen, Inc. (a) 1,020 310,355 
Celgene Corp. (a) 29 2,076 
Cell Biotech Co. Ltd. 360 7,872 
Essex Bio-Technology Ltd. 6,000 3,902 
Gilead Sciences, Inc. 4,362 297,401 
United Therapeutics Corp. (a) 4,802 532,350 
  2,231,949 
Health Care Equipment & Supplies - 0.6%   
Ansell Ltd. 1,200 19,698 
Fukuda Denshi Co. Ltd. 1,300 82,031 
Medikit Co. Ltd. 100 5,406 
Nakanishi, Inc. 1,200 28,108 
Paramount Bed Holdings Co. Ltd. 100 4,214 
St.Shine Optical Co. Ltd. 2,000 35,529 
Value Added Technology Co. Ltd. 52 1,030 
Varex Imaging Corp. (a) 240 6,230 
  182,246 
Health Care Providers & Services - 14.4%   
Aetna, Inc. 2,881 571,590 
Amedisys, Inc. (a) 1,145 125,950 
Anthem, Inc. 6,603 1,819,589 
Chemed Corp. 401 122,036 
CVS Health Corp. 2,881 208,556 
Humana, Inc. 1,200 384,492 
MEDNAX, Inc. (a) 960 39,638 
Quest Diagnostics, Inc. 600 56,466 
Saint-Care Holding Corp. 300 1,598 
Sigma Healthcare Ltd. 11,412 4,202 
Tokai Corp. 1,000 20,180 
Uchiyama Holdings Co. Ltd. 1,400 6,018 
UnitedHealth Group, Inc. 3,121 815,673 
Universal Health Services, Inc. Class B 132 16,046 
  4,192,034 
Health Care Technology - 0.1%   
Pharmagest Interactive 648 37,505 
Life Sciences Tools & Services - 0.2%   
Divi's Laboratories Ltd. 600 12,043 
ICON PLC (a) 384 53,023 
  65,066 
Pharmaceuticals - 2.0%   
Apex Healthcare Bhd 500 931 
AstraZeneca PLC sponsored ADR 1,921 74,496 
Biofermin Pharmaceutical Co. Ltd. 100 2,550 
Bliss Gvs Pharma Ltd. (a) 200 457 
Dawnrays Pharmaceutical Holdings Ltd. 28,534 6,550 
DongKook Pharmaceutical Co. Ltd. 114 5,545 
Genomma Lab Internacional SA de CV (a) 6,900 4,433 
GlaxoSmithKline PLC 57 1,104 
Indivior PLC (a) 4,397 10,586 
Johnson & Johnson 2,067 289,359 
Korea United Pharm, Inc. 90 1,763 
Lee's Pharmaceutical Holdings Ltd. 21,500 16,066 
Luye Pharma Group Ltd. 1,500 1,157 
Nippon Chemiphar Co. Ltd. 100 3,687 
Novo Nordisk A/S Series B sponsored ADR 600 25,908 
PT Tempo Scan Pacific Tbk 300 27 
Sanofi SA sponsored ADR 351 15,697 
Stallergenes Greer PLC (a) 144 4,420 
Taro Pharmaceutical Industries Ltd. (a) 840 83,588 
Towa Pharmaceutical Co. Ltd. 400 30,912 
Vetoquinol SA 392 
Vivimed Labs Ltd. (a) 200 105 
  579,733 
TOTAL HEALTH CARE  7,288,533 
INDUSTRIALS - 8.1%   
Aerospace & Defense - 0.0%   
Austal Ltd. 205 260 
SIFCO Industries, Inc. (a) 25 123 
The Lisi Group 88 
  471 
Air Freight & Logistics - 0.1%   
AIT Corp. 2,200 20,667 
CTI Logistics Ltd. 291 198 
Onelogix Group Ltd. 2,727 697 
SBS Co. Ltd. 300 3,802 
  25,364 
Building Products - 0.1%   
InnoTec TSS AG 33 445 
Nihon Dengi Co. Ltd. 400 10,511 
Noda Corp. 700 6,421 
Sekisui Jushi Corp. 1,100 19,956 
  37,333 
Commercial Services & Supplies - 0.3%   
Asia File Corp. Bhd 2,400 1,405 
Calian Technologies Ltd. 543 10,687 
Civeo Corp. (a) 7,070 20,150 
Matsuda Sangyo Co. Ltd. 100 1,239 
Mitie Group PLC 2,793 5,187 
Prestige International, Inc. 2,700 30,725 
Riverstone Holdings Ltd. 100 86 
VSE Corp. 579 18,157 
  87,636 
Construction & Engineering - 0.3%   
Arcadis NV 1,200 16,242 
Boustead Projs. Pte Ltd. 1,700 1,000 
Boustead Singapore Ltd. 15,600 8,785 
Geumhwa PSC Co. Ltd. 27 
Meisei Industrial Co. Ltd. 1,100 8,296 
Monadelphous Group Ltd. 71 
Nippon Rietec Co. Ltd. 900 11,685 
Seikitokyu Kogyo Co. Ltd. 500 2,854 
Shinnihon Corp. 100 948 
Sumitomo Densetsu Co. Ltd. 155 2,452 
Toshiba Plant Systems & Services Corp. 1,490 30,477 
  82,837 
Electrical Equipment - 0.4%   
Aichi Electric Co. Ltd. 100 2,814 
Aros Quality Group AB 2,048 32,451 
Canare Electric Co. Ltd. 130 2,324 
Eaton Corp. PLC 770 55,186 
Hammond Power Solutions, Inc. Class A 771 3,467 
Holding Co. ADMIE IPTO SA 17 31 
Somfy SA 35 2,708 
  98,981 
Industrial Conglomerates - 0.1%   
Lifco AB 191 8,119 
Mytilineos Holdings SA 2,041 18,055 
Nolato AB Series B 24 1,105 
Reunert Ltd. 205 1,108 
  28,387 
Machinery - 0.6%   
Conrad Industries, Inc. (a) 18 
Daihatsu Diesel Manufacturing Co. Ltd. 900 5,336 
Daiwa Industries Ltd. 2,600 27,444 
Fujimak Corp. 1,600 13,981 
Fukushima Industries Corp. 100 4,555 
Global Brass & Copper Holdings, Inc. 477 15,083 
Haitian International Holdings Ltd. 7,000 13,657 
Hy-Lok Corp. 68 1,362 
Ihara Science Corp. 463 8,162 
Luxfer Holdings PLC sponsored 69 
Momentum Group AB Class B 922 9,269 
Nakano Refrigerators Co. Ltd. 200 10,688 
Nansin Co. Ltd. 200 876 
Sakura Rubber Co. Ltd. (b) 100 5,193 
Sansei Co. Ltd. 1,000 3,705 
Semperit AG Holding (a) 614 10,154 
SIMPAC, Inc. 2,900 6,011 
Teikoku Sen-I Co. Ltd. 1,100 24,138 
  159,701 
Marine - 0.0%   
Japan Transcity Corp. 2,443 9,548 
Professional Services - 1.7%   
ABIST Co. Ltd. 332 10,872 
Akka Technologies SA 1,561 103,078 
Bertrandt AG 480 39,742 
Career Design Center Co. Ltd. 100 1,363 
CBIZ, Inc. (a) 325 7,209 
Dun & Bradstreet Corp. 1,441 205,025 
Harvey Nash Group PLC 205 341 
McMillan Shakespeare Ltd. 6,242 72,934 
Robert Half International, Inc. 763 46,184 
WDB Holdings Co. Ltd. 400 11,149 
  497,897 
Road & Rail - 0.6%   
Autohellas SA 1,561 40,312 
Daqin Railway Co. Ltd. (A Shares) 98,900 114,274 
Higashi Twenty One Co. Ltd. 100 448 
Nikkon Holdings Co. Ltd. 132 3,194 
SENKO Co. Ltd. 200 1,551 
STEF-TFE Group 641 
Tohbu Network Co. Ltd. 100 923 
Utoc Corp. 3,100 14,918 
  176,261 
Trading Companies & Distributors - 3.9%   
AerCap Holdings NV (a) 1,921 96,204 
Bergman & Beving AB (B Shares) 1,501 14,090 
Canox Corp. 800 6,792 
Green Cross Co. Ltd. 1,000 10,059 
HERIGE 41 1,124 
Houston Wire & Cable Co. (a) 3,238 20,238 
Howden Joinery Group PLC 102 612 
iMarketKorea, Inc. 40 
Itochu Corp. 43,354 804,042 
Kamei Corp. 5,007 57,864 
Meiwa Corp. 1,600 6,154 
Mitani Shoji Co. Ltd. 1,600 76,288 
Pla Matels Corp. 200 1,021 
Rasa Corp. 100 830 
Shinsho Corp. 132 3,249 
Yuasa Trading Co. Ltd. 1,600 52,537 
  1,151,144 
Transportation Infrastructure - 0.0%   
Isewan Terminal Service Co. Ltd. 200 1,262 
Qingdao Port International Co. Ltd. (a)(d) 10,583 6,208 
  7,470 
TOTAL INDUSTRIALS  2,363,030 
INFORMATION TECHNOLOGY - 6.2%   
Communications Equipment - 0.0%   
HF Co. 153 988 
Electronic Equipment & Components - 0.5%   
Casa Systems, Inc. (a) 194 2,794 
Daido Signal Co. Ltd. 1,000 5,220 
Dell Technologies, Inc. (a) 443 40,043 
Elematec Corp. 800 17,101 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 4,000 10,181 
Intelligent Digital Integrated Security Co. Ltd. 88 1,496 
Kingboard Chemical Holdings Ltd. 3,000 8,034 
Lacroix SA 163 4,523 
Makus, Inc. 205 682 
PAX Global Technology Ltd. 2,000 984 
Riken Kieki Co. Ltd. 1,300 25,646 
Simplo Technology Co. Ltd. 3,000 17,393 
TE Connectivity Ltd. 81 6,109 
  140,206 
IT Services - 2.3%   
Amdocs Ltd. 3,001 189,873 
Avant Corp. 200 2,739 
Cielo SA 1,400 4,966 
Computer Services, Inc. 150 
Data#3 Ltd. 341 362 
E-Credible Co. Ltd. 104 1,431 
eClerx Services Ltd. (a) 300 4,316 
Estore Corp. 200 1,767 
Future Corp. 800 10,883 
Korea Information & Communication Co. Ltd. (a) 780 6,699 
Leidos Holdings, Inc. 20 1,296 
Neurones 166 
Persistent Systems Ltd. 300 2,297 
Shinsegae Information & Communication Co. Ltd. 19 2,281 
Sopra Steria Group 1,200 133,200 
Tessi SA (a) 50 7,419 
The Western Union Co. 17,037 307,347 
Wipro Ltd. 3,100 13,875 
  691,067 
Semiconductors & Semiconductor Equipment - 0.2%   
e-LITECOM Co. Ltd. 34 134 
KLA-Tencor Corp. 14 1,282 
Miraial Co. Ltd. 1,500 13,666 
Phison Electronics Corp. 1,000 6,557 
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR 840 32,004 
  53,643 
Software - 0.3%   
eBase Co. Ltd. 200 3,013 
Ebix, Inc. 720 41,263 
InfoVine Co. Ltd. 43 839 
Jastec Co. Ltd. 100 986 
Justplanning, Inc. 300 1,890 
KPIT Cummins Infosystems Ltd. 3,700 11,076 
KSK Co., Ltd. 100 1,461 
Micro Focus International PLC sponsored ADR 1,054 16,168 
Uchida Esco Co. Ltd. 96 1,536 
Zensar Technologies Ltd. 1,000 3,468 
  81,700 
Technology Hardware, Storage & Peripherals - 2.9%   
Apple, Inc. 360 78,790 
Hewlett Packard Enterprise Co. 15,966 243,482 
HP, Inc. 17,047 411,515 
Seagate Technology LLC 2,862 115,138 
TPV Technology Ltd. 22,000 1,795 
  850,720 
TOTAL INFORMATION TECHNOLOGY  1,818,324 
MATERIALS - 1.7%   
Chemicals - 1.1%   
C. Uyemura & Co. Ltd. 400 25,559 
CF Industries Holdings, Inc. 637 30,595 
Chokwang Paint Ltd. 34 179 
Chugoku Marine Paints Ltd. 1,700 13,665 
Daishin-Chemical Co. Ltd. 603 6,915 
Fuso Chemical Co. Ltd. 400 7,998 
K&S AG 2,041 38,074 
KPX Green Chemical Co. Ltd. 34 112 
Kuriyama Holdings Corp. 100 1,554 
LyondellBasell Industries NV Class A 356 31,780 
Nippon Soda Co. Ltd. 250 6,523 
NOF Corp. 100 2,840 
Nutrien Ltd. 288 15,246 
Scientex Bhd 7,100 14,575 
T&K Toka Co. Ltd. 600 5,743 
Tae Kyung Industrial Co. Ltd. 614 2,798 
Toho Acetylene Co. Ltd. 200 2,728 
Yara International ASA 2,041 87,816 
Yip's Chemical Holdings Ltd. 2,000 602 
Yung Chi Paint & Varnish Manufacturing Co. Ltd. 6,000 14,341 
  309,643 
Construction Materials - 0.0%   
Ibstock PLC (d) 334 958 
Mitani Sekisan Co. Ltd. 400 9,072 
  10,030 
Containers & Packaging - 0.1%   
Mayr-Melnhof Karton AG 240 30,391 
The Pack Corp. 200 5,734 
  36,125 
Metals & Mining - 0.5%   
Ausdrill Ltd. 44,808 54,418 
Castings PLC 51 252 
Chubu Steel Plate Co. Ltd. 300 1,672 
CI Resources Ltd. (c) 16 19 
CK-SAN-ETSU Co. Ltd. 200 5,344 
Compania de Minas Buenaventura SA sponsored ADR 481 6,657 
Mount Gibson Iron Ltd. 24,238 9,269 
Orvana Minerals Corp. (a) 34 
Pacific Metals Co. Ltd. 1,600 44,894 
Rio Tinto PLC sponsored ADR (b) 123 6,063 
Teck Resources Ltd. Class B (sub. vtg.) 145 
  128,737 
TOTAL MATERIALS  484,535 
REAL ESTATE - 0.4%   
Equity Real Estate Investment Trusts (REITs) - 0.3%   
Crown Castle International Corp. 334 36,319 
Piedmont Office Realty Trust, Inc. Class A 726 13,083 
Public Storage 168 34,519 
Sabra Health Care REIT, Inc. 70 1,516 
Ventas, Inc. 46 2,670 
  88,107 
Real Estate Management & Development - 0.1%   
Leopalace21 Corp. 900 3,757 
Nisshin Fudosan Co. Ltd. 6,800 31,760 
  35,517 
TOTAL REAL ESTATE  123,624 
UTILITIES - 1.7%   
Electric Utilities - 1.3%   
EVN AG 122 
Exelon Corp. 4,562 199,861 
Fjordkraft Holding ASA (a) 1,561 5,740 
PG&E Corp. 244 11,422 
PPL Corp. 5,125 155,800 
Public Power Corp. of Greece (a) 17 26 
  372,971 
Gas Utilities - 0.4%   
Busan City Gas Co. Ltd. 210 6,552 
China Resource Gas Group Ltd. 4,000 15,302 
GAIL India Ltd. 11,200 56,674 
K&O Energy Group, Inc. 100 1,391 
Seoul City Gas Co. Ltd. 176 13,451 
YESCO Co. Ltd. 576 20,597 
  113,967 
Water Utilities - 0.0%   
Manila Water Co., Inc. 300 140 
TOTAL UTILITIES  487,078 
TOTAL COMMON STOCKS   
(Cost $25,955,879)  26,827,192 
Nonconvertible Preferred Stocks - 0.1%   
INDUSTRIALS - 0.0%   
Industrial Conglomerates - 0.0%   
Steel Partners Holdings LP Series A, 6.00% 100 2,125 
Machinery - 0.0%   
Danieli & C. Officine Meccaniche SpA 103 
TOTAL INDUSTRIALS  2,228 
MATERIALS - 0.1%   
Construction Materials - 0.1%   
Buzzi Unicem SpA (Risparmio Shares) 966 10,854 
UTILITIES - 0.0%   
Electric Utilities - 0.0%   
Companhia Paranaense de Energia-Copel (PN-B) 800 5,639 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $22,152)  18,721 
Money Market Funds - 8.4%   
Fidelity Cash Central Fund, 2.23% (e) 2,304,748 2,305,209 
Fidelity Securities Lending Cash Central Fund 2.23% (e)(f) 164,576 164,593 
TOTAL MONEY MARKET FUNDS   
(Cost $2,469,802)  2,469,802 
TOTAL INVESTMENT IN SECURITIES - 100.2%   
(Cost $28,447,833)  29,315,715 
NET OTHER ASSETS (LIABILITIES) - (0.2)%  (71,146) 
NET ASSETS - 100%  $29,244,569 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Level 3 security

 (d) 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 $56,013 or 0.2% 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.

 (f) Investment made with cash collateral received from securities on loan.

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 $12,553 
Fidelity Securities Lending Cash Central Fund 1,139 
Total $13,692 

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

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Communication Services $1,179,238 $1,145,544 $33,694 $-- 
Consumer Discretionary 4,880,692 4,868,683 -- 12,009 
Consumer Staples 1,402,649 1,336,767 65,882 -- 
Energy 2,385,177 1,993,637 391,540 -- 
Financials 4,414,312 3,739,614 674,698 -- 
Health Care 7,288,533 7,287,429 1,104 -- 
Industrials 2,365,258 1,561,216 804,042 -- 
Information Technology 1,818,324 1,804,449 13,875 -- 
Materials 495,389 450,476 44,894 19 
Real Estate 123,624 123,624 -- -- 
Utilities 492,717 492,717 -- -- 
Money Market Funds 2,469,802 2,469,802 -- -- 
Total Investments in Securities: $29,315,715 $27,273,958 $2,029,729 $12,028 

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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 open-end mutual funds, including the Fidelity Central 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Low-Priced Stock K6 Fund

October 31, 2018







LPSK6-QTLY-1218
1.9883996.101





Schedule of Investments October 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 92.5%   
 Shares Value 
COMMUNICATION SERVICES - 4.0%   
Diversified Telecommunication Services - 0.0%   
AT&T, Inc. 1,007 $30,895 
Entertainment - 2.4%   
Activision Blizzard, Inc. 8,344 576,153 
Twenty-First Century Fox, Inc. Class A 976,909 44,468,898 
Viacom, Inc. Class B (non-vtg.) 76,698 2,452,802 
  47,497,853 
Interactive Media & Services - 0.5%   
Alphabet, Inc. Class C (a) 534 574,995 
Yahoo! Japan Corp. 2,633,200 8,215,054 
  8,790,049 
Media - 1.1%   
Comcast Corp. Class A 161,020 6,141,303 
Corus Entertainment, Inc. Class B (non-vtg.) 35,691 134,473 
Discovery Communications, Inc.:   
Class A (a)(b) 161,041 5,216,118 
Class C (non-vtg.) (a) 30,416 891,493 
DISH Network Corp. Class A (a) 12,506 384,434 
Entercom Communications Corp. Class A 3,024 19,626 
Gannett Co., Inc. 64,398 624,661 
Harte-Hanks, Inc. (a) 3,536 19,377 
Hyundai HCN 153,655 565,601 
Informa PLC 25,909 236,322 
Intage Holdings, Inc. 201,400 1,733,145 
MSG Network, Inc. Class A (a) 17,612 449,987 
Multiplus SA 30,300 205,501 
Omnicom Group, Inc. 3,000 222,960 
Pico Far East Holdings Ltd. 1,044,000 352,795 
Proto Corp. 14,400 190,792 
RKB Mainichi Broadcasting Corp. 2,600 137,103 
Saga Communications, Inc. Class A 24,025 841,836 
Sky Network Television Ltd. 355,985 520,348 
STW Group Ltd. 249,698 99,021 
Tegna, Inc. 71,487 824,960 
Television Broadcasts Ltd. 119,500 252,046 
TOW Co. Ltd. 111,500 811,286 
TVA Group, Inc. Class B (non-vtg.) (a) 169,465 251,021 
WOWOW INC. 11,200 325,076 
  21,451,285 
TOTAL COMMUNICATION SERVICES  77,770,082 
CONSUMER DISCRETIONARY - 20.4%   
Auto Components - 1.0%   
Adient PLC (b) 30,346 923,125 
ASTI Corp. 11,000 186,104 
Autoliv, Inc. 990 82,507 
Cooper Tire & Rubber Co. 78,991 2,440,032 
ElringKlinger AG (b) 42,492 360,483 
G-Tekt Corp. 9,400 132,709 
Gentex Corp. 153,425 3,229,596 
GUD Holdings Ltd. 16,809 146,887 
Hi-Lex Corp. 83,200 1,747,543 
Lear Corp. 1,152 153,101 
Murakami Corp. 50,100 1,207,710 
Nippon Seiki Co. Ltd. 160,700 2,825,620 
Piolax, Inc. 118,200 2,579,061 
S&T Holdings Co. Ltd. 53,202 580,513 
Samsung Climate Control Co. Ltd. 28,201 220,714 
SJM Co. Ltd. 50 130 
Strattec Security Corp. 22,433 755,992 
Sungwoo Hitech Co. Ltd. 149,030 454,535 
TBK Co. Ltd. 43,900 179,358 
Yachiyo Industry Co. Ltd. 54,600 434,535 
Yutaka Giken Co. Ltd. 58,400 1,143,829 
  19,784,084 
Automobiles - 0.0%   
Kabe Husvagnar AB (B Shares) 16,828 294,223 
Distributors - 0.2%   
Arata Corp. 4,400 199,654 
Central Automotive Products Ltd. 3,500 47,614 
Chori Co. Ltd. 20,300 335,530 
Nakayamafuku Co. Ltd. 43,600 238,412 
PALTAC Corp. 3,900 199,087 
SPK Corp. 15,500 332,844 
Uni-Select, Inc. 100,317 1,651,312 
  3,004,453 
Diversified Consumer Services - 0.1%   
Arco Platform Ltd. Class A 3,000 63,930 
Clip Corp. 13,000 103,346 
Cross-Harbour Holdings Ltd. 133,000 222,177 
Estacio Participacoes SA 22,600 140,464 
Frontdoor, Inc. (a) 2,111 71,880 
ServiceMaster Global Holdings, Inc. (a) 2,823 121,050 
Shingakukai Holdings Co. Ltd. 6,000 30,150 
Step Co. Ltd. 51,000 709,620 
Weight Watchers International, Inc. (a) 8,674 573,351 
  2,035,968 
Hotels, Restaurants & Leisure - 0.3%   
Ark Restaurants Corp. 7,676 180,079 
Bluegreen Vacations Corp. 13,122 171,898 
Brinker International, Inc. 1,430 61,991 
Flanigans Enterprises, Inc. 5,419 149,023 
Greggs PLC 29,956 444,544 
Hiday Hidaka Corp. 89,420 1,741,881 
Ibersol SGPS SA 55,569 534,992 
Koshidaka Holdings Co. Ltd. 16,700 194,329 
Kura Corp. Ltd. 600 34,776 
Sportscene Group, Inc. Class A 15,725 95,560 
St. Marc Holdings Co. Ltd. 12,400 294,738 
Texas Roadhouse, Inc. Class A 6,592 398,552 
The Monogatari Corp. 3,100 276,935 
The Restaurant Group PLC 395,681 1,219,892 
TORIDOLL Holdings Corp. (b) 3,000 50,809 
Wyndham Destinations, Inc. 7,200 258,336 
  6,108,335 
Household Durables - 3.4%   
Abbey PLC 90,691 1,489,457 
Barratt Developments PLC 4,398,101 28,895,295 
Bellway PLC 238,342 8,746,465 
D.R. Horton, Inc. 174,133 6,261,823 
Dorel Industries, Inc. Class B (sub. vtg.) 134,510 2,198,834 
Emak SpA 267,170 370,395 
First Juken Co. Ltd. 66,500 705,459 
Flexsteel Industries, Inc. 1,559 39,630 
Hamilton Beach Brands Holding Co.:   
Class A 10,129 235,195 
Class B 3,511 81,525 
Helen of Troy Ltd. (a) 88,576 10,994,053 
Henry Boot PLC 179,576 607,118 
Iida Group Holdings Co. Ltd. 10,400 189,317 
M/I Homes, Inc. (a) 8,857 214,074 
Meritage Homes Corp. (a) 36,084 1,344,129 
P&F Industries, Inc. Class A 18,414 146,760 
PulteGroup, Inc. 5,612 137,887 
Q.E.P. Co., Inc. 1,484 39,623 
Sanei Architecture Planning Co. Ltd. 57,400 835,806 
Stanley Furniture Co., Inc. (a) 5,740 2,899 
Taylor Morrison Home Corp. (a) 11,968 197,951 
Token Corp. 38,000 2,458,457 
Toll Brothers, Inc. 6,200 208,692 
Tupperware Brands Corp. 1,645 57,740 
  66,458,584 
Internet & Direct Marketing Retail - 0.3%   
Aucnet, Inc. 10,100 105,892 
Belluna Co. Ltd. 408,300 4,056,404 
Liberty Interactive Corp. QVC Group Series A (a) 47,254 1,036,753 
Moneysupermarket.com Group PLC 42,218 158,274 
  5,357,323 
Leisure Products - 0.1%   
Accell Group NV 67,607 1,176,193 
Brunswick Corp. 8,200 426,318 
Mars Group Holdings Corp. 30,400 628,287 
Miroku Corp. 8,600 142,832 
Vista Outdoor, Inc. (a) 6,000 75,000 
  2,448,630 
Multiline Retail - 2.3%   
Big Lots, Inc. 14,132 586,761 
Lifestyle China Group Ltd. (a) 1,300,500 525,709 
Lifestyle International Holdings Ltd. 1,467,000 2,532,939 
Macy's, Inc. 3,100 106,299 
Next PLC 603,647 40,153,106 
Nordstrom, Inc. 2,270 149,298 
Watts Co. Ltd. 24,600 190,765 
  44,244,877 
Specialty Retail - 11.4%   
Aaron's, Inc. Class A 3,664 172,684 
Abercrombie & Fitch Co. Class A 80,039 1,576,768 
AT-Group Co. Ltd. 66,700 1,545,801 
AutoNation, Inc. (a) 4,419 178,881 
AutoZone, Inc. (a) 43,900 32,199,333 
Bed Bath & Beyond, Inc. 141,677 1,946,642 
Best Buy Co., Inc. 772,224 54,179,236 
BMTC Group, Inc. 197,977 2,252,798 
Bonia Corp. Bhd 200 12 
Buffalo Co. Ltd. 4,500 35,574 
Burlington Stores, Inc. (a) 2,130 365,274 
Cars.com, Inc. (a) 24,372 636,353 
Cash Converters International Ltd. (a) 1,330,490 249,679 
Chico's FAS, Inc. 39,396 302,167 
Delek Automotive Systems Ltd. 44,855 253,224 
DSW, Inc. Class A 8,800 233,640 
Dunelm Group PLC 48,579 370,389 
Ff Group (a)(c) 239,258 1,040,623 
Francesca's Holdings Corp. (a) 16,432 49,953 
GameStop Corp. Class A 203,816 2,975,714 
Genesco, Inc. (a) 36,446 1,559,524 
GNC Holdings, Inc. Class A (a)(b) 57,002 209,767 
Goldlion Holdings Ltd. 1,336,000 526,430 
Guess?, Inc. 300,612 6,384,999 
Hour Glass Ltd. 403,500 184,978 
IA Group Corp. 5,600 184,127 
JB Hi-Fi Ltd. (b) 6,489 105,689 
John David Group PLC 481,367 2,512,202 
Jumbo SA 476,540 6,952,019 
K's Holdings Corp. 291,600 3,685,218 
Ku Holdings Co. Ltd. 54,800 450,697 
Le Chateau, Inc. Class B (sub. vtg.) (a) 31,398 6,559 
Leon's Furniture Ltd. 11,369 149,577 
Lewis Group Ltd. 59,085 125,960 
Mr. Bricolage SA 40,973 471,042 
Murphy U.S.A., Inc. (a) 2,748 221,571 
Nafco Co. Ltd. 92,200 1,478,991 
Ross Stores, Inc. 717,832 71,065,368 
Sacs Bar Holdings, Inc. 9,600 85,080 
Sally Beauty Holdings, Inc. (a) 190,450 3,391,915 
Second Chance Properties Ltd. warrants 1/23/20 (a) 100 
Sonic Automotive, Inc. Class A (sub. vtg.) 49,888 903,971 
The Buckle, Inc. 214,390 4,373,556 
The Children's Place Retail Stores, Inc. 1,759 262,795 
Urban Outfitters, Inc. (a) 113,403 4,474,882 
USS Co. Ltd. 313,800 5,665,003 
Vitamin Shoppe, Inc. (a) 53,164 413,084 
Williams-Sonoma, Inc. (b) 18,583 1,103,459 
Workman Co. Ltd. 76,500 4,840,785 
  222,353,993 
Textiles, Apparel & Luxury Goods - 1.3%   
Best Pacific International Holdings Ltd. 242,000 61,719 
Deckers Outdoor Corp. (a) 2,250 286,133 
Embry Holdings Ltd. 102,000 32,387 
Fossil Group, Inc. (a) 209,220 4,542,166 
Gildan Activewear, Inc. 420,194 12,560,017 
Handsome Co. Ltd. 87,081 2,778,044 
JLM Couture, Inc. (a) 7,641 76,410 
Makalot Industrial Co. Ltd. 51,000 273,445 
McRae Industries, Inc. 1,415 35,842 
Michael Kors Holdings Ltd. (a) 4,275 236,878 
Steven Madden Ltd. 11,543 360,950 
Sun Hing Vision Group Holdings Ltd. 942,000 290,698 
Texwinca Holdings Ltd. 2,980,000 1,010,820 
Victory City International Holdings Ltd. 5,512,000 80,832 
Wolverine World Wide, Inc. 5,903 207,609 
Youngone Corp. 30,054 941,657 
Youngone Holdings Co. Ltd. 19 1,022 
Yue Yuen Industrial (Holdings) Ltd. 279,500 764,513 
  24,541,142 
TOTAL CONSUMER DISCRETIONARY  396,631,612 
CONSUMER STAPLES - 7.8%   
Beverages - 1.5%   
A.G. Barr PLC 187,291 1,828,981 
Baron de Ley SA (a) 8,010 975,297 
Britvic PLC 393,396 3,977,455 
C&C Group PLC 103,381 384,070 
Jinro Distillers Co. Ltd. 2,262 59,177 
Monster Beverage Corp. (a) 408,636 21,596,413 
Olvi PLC (A Shares) 5,464 183,188 
Spritzer Bhd 288,800 144,935 
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares) 168,255 357,024 
  29,506,540 
Food & Staples Retailing - 4.5%   
Amsterdam Commodities NV 7,972 167,226 
Aoki Super Co. Ltd. 6,500 152,138 
Belc Co. Ltd. 100,500 5,130,323 
Casey's General Stores, Inc. 1,300 163,943 
Cosmos Pharmaceutical Corp. 59,000 12,063,012 
Create SD Holdings Co. Ltd. 255,200 6,475,275 
Daikokutenbussan Co. Ltd. 32,635 1,220,541 
Dong Suh Companies, Inc. 63,125 1,031,798 
Genky DrugStores Co. Ltd. 44,700 1,445,961 
Halows Co. Ltd. 79,700 1,742,544 
Kirindo Holdings Co. Ltd. 8,100 113,350 
Kroger Co. 35,659 1,061,212 
Kusuri No Aoki Holdings Co. Ltd. 41,400 2,971,950 
Majestic Wine PLC 91,367 457,214 
McColl's Retail Group PLC 82,251 134,308 
Medical System Network Co. Ltd. 3,200 15,201 
Metro, Inc. Class A (sub. vtg.) 1,172,179 36,782,798 
North West Co., Inc. 6,355 138,546 
Performance Food Group Co. (a) 12,456 365,210 
Qol Holdings Co. Ltd. 112,800 2,378,262 
Retail Partners Co. Ltd. 15,400 175,789 
Sligro Food Group NV 18,352 813,787 
Sundrug Co. Ltd. 184,700 6,711,304 
Thai President Foods PCL 31,180 149,976 
Total Produce PLC 543,298 1,163,043 
United Natural Foods, Inc. (a) 60,077 1,305,473 
Valor Holdings Co. Ltd. 27,400 588,869 
Walgreens Boots Alliance, Inc. 1,561 124,521 
Walmart, Inc. 1,902 190,733 
Yaoko Co. Ltd. 51,700 2,822,458 
  88,056,765 
Food Products - 1.6%   
Carr's Group PLC 106,117 203,458 
Cranswick PLC 27,540 1,017,327 
Dean Foods Co. 11,004 87,922 
Devro PLC 72,002 150,934 
Food Empire Holdings Ltd. 2,378,400 944,389 
Fresh Del Monte Produce, Inc. 250,156 8,262,653 
Hilton Food Group PLC 31,606 372,477 
Inghams Group Ltd. 95,414 263,513 
Ingredion, Inc. 24,887 2,518,067 
Japan Meat Co. Ltd. 9,400 170,364 
Kaveri Seed Co. Ltd. (a) 4,501 30,328 
Mitsui Sugar Co. Ltd. 21,400 576,559 
Nam Yang Dairy Products 631 332,367 
Origin Enterprises PLC 443,233 2,846,498 
Pacific Andes International Holdings Ltd. (a)(c) 3,118,000 29,025 
Pickles Corp. 6,100 121,043 
Rocky Mountain Chocolate Factory, Inc. 24,869 206,164 
S Foods, Inc. 23,900 964,811 
Seaboard Corp. 2,445 9,449,925 
Select Harvests Ltd. 195,850 715,646 
Want Want China Holdings Ltd. 826,000 589,853 
  29,853,323 
Household Products - 0.0%   
Central Garden & Pet Co. Class A (non-vtg.) (a) 4,983 147,746 
Personal Products - 0.1%   
Grape King Bio Ltd. 89,000 560,553 
Natural Alternatives International, Inc. (a) 7,375 69,915 
Sarantis SA 190,277 1,512,931 
  2,143,399 
Tobacco - 0.1%   
Karelia Tobacco Co., Inc. 77 21,804 
Scandinavian Tobacco Group A/S (d) 107,106 1,625,233 
  1,647,037 
TOTAL CONSUMER STAPLES  151,354,810 
ENERGY - 6.0%   
Energy Equipment & Services - 1.6%   
AKITA Drilling Ltd. Class A (non-vtg.) 80,762 272,387 
Bristow Group, Inc. (a) 157,372 1,732,666 
Carbo Ceramics, Inc. (a) 59,086 285,385 
Cathedral Energy Services Ltd. (a)(b) 63,222 36,259 
Diamond Offshore Drilling, Inc. (a)(b) 280,276 3,974,314 
Divestco, Inc. (a) 138,216 4,200 
Dril-Quip, Inc. (a) 11,919 507,273 
Ensco PLC Class A 690,792 4,932,255 
Fugro NV (Certificaten Van Aandelen) (a)(b) 80,385 1,037,948 
Geospace Technologies Corp. (a) 69,929 890,196 
Gulf Island Fabrication, Inc. 3,139 26,682 
GulfMark Offshore, Inc. warrants 11/14/24 (a) 2,256 4,212 
John Wood Group PLC 38,895 355,069 
KLX Energy Services Holdings, Inc. (a) 6,000 173,340 
Liberty Oilfield Services, Inc. Class A (b) 100,896 1,915,006 
National Oilwell Varco, Inc. 15,222 560,170 
Ocean Rig UDW, Inc. (United States) (a) 15,000 454,350 
Oceaneering International, Inc. (a) 23,837 451,473 
Oil States International, Inc. (a) 140,043 3,118,758 
PHX Energy Services Corp. (a) 78,272 166,479 
Shinko Plantech Co. Ltd. 71,600 666,917 
Smart Sand, Inc. (a)(b) 21,965 60,843 
Solstad Offshore ASA (a)(b) 125,885 44,875 
Total Energy Services, Inc. 99,406 719,617 
Transocean Ltd. (United States) (a)(b) 191,164 2,104,716 
Unit Corp. (a) 328,010 7,586,871 
  32,082,261 
Oil, Gas & Consumable Fuels - 4.4%   
Adams Resources & Energy, Inc. 7,289 295,569 
Beach Energy Ltd. 960,883 1,197,591 
Berry Petroleum Corp. 6,000 84,000 
Bonavista Energy Corp. 13,241 12,573 
Chevron Corp. 15,030 1,678,100 
China Petroleum & Chemical Corp. sponsored ADR (H Shares) 600 48,396 
CNX Resources Corp. (a) 16,736 261,918 
ConocoPhillips Co. 53,133 3,713,997 
CONSOL Energy, Inc. (a) 2,936 116,970 
Contango Oil & Gas Co. (a) 158,268 799,253 
Denbury Resources, Inc. (a) 368,413 1,271,025 
Eni SpA 443,570 7,877,693 
Fuji Kosan Co. Ltd. 30,200 167,012 
Great Eastern Shipping Co. Ltd. 306,552 1,298,370 
Hankook Shell Oil Co. Ltd. 2,900 875,592 
HollyFrontier Corp. 1,900 128,136 
Kyungdong Invest Co. Ltd. 4,756 155,060 
Marathon Oil Corp. 228,138 4,332,341 
Marathon Petroleum Corp. 118,973 8,381,648 
Murphy Oil Corp. 658,507 20,980,033 
NACCO Industries, Inc. Class A 10,729 370,580 
Newfield Exploration Co. (a) 21,169 427,614 
Oil & Natural Gas Corp. Ltd. 1,844,300 3,821,511 
QEP Resources, Inc. (a) 108,586 967,501 
Reliance Industries Ltd. 9,000 129,141 
Southwestern Energy Co. (a) 2,359,125 12,597,728 
Star Petroleum Refining PCL 423,400 180,034 
Thai Oil PCL (For. Reg.) 29,700 75,907 
Total SA sponsored ADR 92,412 5,415,343 
Whitecap Resources, Inc. 25,939 126,892 
Whiting Petroleum Corp. (a) 85,198 3,177,885 
World Fuel Services Corp. 112,947 3,614,304 
WPX Energy, Inc. (a) 57,988 930,128 
  85,509,845 
TOTAL ENERGY  117,592,106 
FINANCIALS - 12.1%   
Banks - 1.0%   
ACNB Corp. 3,822 153,262 
American National Bankshares, Inc. 2,500 90,225 
Associated Banc-Corp. 9,826 227,767 
BancFirst Corp. 3,735 214,314 
Bank Ireland Group PLC 682,359 4,826,598 
Bank of America Corp. 7,077 194,618 
Camden National Corp. 3,225 130,774 
Cathay General Bancorp 38,129 1,436,319 
Central Pacific Financial Corp. 8,273 223,702 
Codorus Valley Bancorp, Inc. 40,196 1,055,145 
Cullen/Frost Bankers, Inc. 4,447 435,450 
Dah Sing Banking Group Ltd. 97,600 185,444 
Dimeco, Inc. 1,820 76,622 
East West Bancorp, Inc. 1,468 76,982 
First Bancorp, Puerto Rico (a) 124,397 1,148,184 
First Citizen Bancshares, Inc. 501 213,742 
First Hawaiian, Inc. 26,621 659,668 
Hanmi Financial Corp. 19,196 402,732 
Hope Bancorp, Inc. 50,210 727,041 
Huntington Bancshares, Inc. 6,500 93,145 
KeyCorp 8,291 150,565 
LCNB Corp. 7,913 134,442 
Meridian Bank/Malvern, PA (a) 8,557 144,784 
NIBC Holding NV 15,000 136,581 
OFG Bancorp 24,339 415,954 
Peoples Bancorp, Inc. 3,121 106,832 
PNC Financial Services Group, Inc. 1,536 197,361 
Popular, Inc. 1,964 102,148 
Regions Financial Corp. 11,427 193,916 
Signature Bank 800 87,920 
SpareBank 1 SR-Bank ASA (primary capital certificate) 75,107 835,730 
Sparebanken More (primary capital certificate) 12,719 420,959 
Sparebanken Nord-Norge 140,984 1,127,230 
Umpqua Holdings Corp. 4,800 92,160 
Van Lanschot NV (Bearer) 60,275 1,478,056 
Wells Fargo & Co. 33,202 1,767,342 
  19,963,714 
Capital Markets - 0.5%   
AllianceBernstein Holding LP 39,602 1,144,894 
Ameriprise Financial, Inc. 769 97,848 
Ares Capital Corp. 12,000 205,920 
Banca Generali SpA 7,365 142,064 
Close Brothers Group PLC 7,856 147,811 
Franklin Resources, Inc. 78,979 2,408,860 
GAMCO Investors, Inc. Class A 6,617 135,781 
Hamilton Lane, Inc. Class A 5,227 200,612 
Lazard Ltd. Class A 21,056 836,765 
OM Asset Management Ltd. 11,479 130,861 
State Street Corp. 27,745 1,907,469 
Tullett Prebon PLC 40,280 149,309 
Waddell & Reed Financial, Inc. Class A (b) 149,390 2,848,867 
  10,357,061 
Consumer Finance - 1.6%   
Aeon Credit Service (Asia) Co. Ltd. 776,000 648,155 
American Express Co. 2,103 216,041 
Discover Financial Services 33,959 2,365,924 
H&T Group PLC 29,550 103,870 
Navient Corp. 77,561 898,156 
Nicholas Financial, Inc. (a) 20,540 234,156 
Santander Consumer U.S.A. Holdings, Inc. 599,183 11,234,681 
Synchrony Financial 525,637 15,180,397 
  30,881,380 
Diversified Financial Services - 0.3%   
AXA Equitable Holdings, Inc. 190,628 3,867,842 
Far East Horizon Ltd. 143,000 138,588 
Ricoh Leasing Co. Ltd. 46,600 1,530,137 
  5,536,567 
Insurance - 7.8%   
AEGON NV 2,618,532 16,098,798 
AFLAC, Inc. 37,491 1,614,737 
Allstate Corp. 2,251 215,466 
April 105,901 1,919,180 
ASR Nederland NV 33,885 1,541,335 
Assurant, Inc. 137,017 13,319,423 
Aub Group Ltd. 14,042 133,944 
Axis Capital Holdings Ltd. 99,811 5,568,456 
CNO Financial Group, Inc. 7,700 145,530 
Employers Holdings, Inc. 5,157 237,016 
FBD Holdings PLC 6,921 84,270 
First American Financial Corp. 6,901 305,921 
Great-West Lifeco, Inc. 2,289 52,528 
Hartford Financial Services Group, Inc. 103,479 4,700,016 
Hiscox Ltd. 13,737 285,855 
Hyundai Fire & Marine Insurance Co. Ltd. 6,437 235,816 
Investors Title Co. 331 60,242 
Lincoln National Corp. 272,422 16,397,080 
MetLife, Inc. 841,197 34,648,904 
National Western Life Group, Inc. 8,046 2,166,627 
NN Group NV 71,958 3,097,123 
Primerica, Inc. 6,342 695,971 
Principal Financial Group, Inc. 3,800 178,866 
RenaissanceRe Holdings Ltd. 87,476 10,686,068 
Sony Financial Holdings, Inc. 148,900 3,435,043 
The Travelers Companies, Inc. 1,592 199,207 
Torchmark Corp. 5,000 423,300 
Universal Insurance Holdings, Inc. 2,500 104,950 
Unum Group 918,408 33,301,474 
  151,853,146 
Mortgage Real Estate Investment Trusts - 0.5%   
Annaly Capital Management, Inc. 893,726 8,821,076 
MFA Financial, Inc. 15,524 107,581 
New Residential Investment Corp. 1,357 24,263 
Redwood Trust, Inc. 29,299 481,090 
  9,434,010 
Thrifts & Mortgage Finance - 0.4%   
ASAX Co. Ltd. 19,500 101,963 
Genworth MI Canada, Inc. 219,378 7,200,671 
Genworth Mortgage Insurance Ltd. (b) 376,210 599,430 
Meridian Bancorp, Inc. Maryland 12,010 190,238 
WSFS Financial Corp. 2,200 93,566 
  8,185,868 
TOTAL FINANCIALS  236,211,746 
HEALTH CARE - 15.1%   
Biotechnology - 1.8%   
Amgen, Inc. 173,979 33,541,411 
Celgene Corp. (a) 1,502 107,543 
Cell Biotech Co. Ltd. 3,100 67,787 
Essex Bio-Technology Ltd. 14,900 9,690 
Gilead Sciences, Inc. 11,650 794,297 
United Therapeutics Corp. (a) 2,094 232,141 
  34,752,869 
Health Care Equipment & Supplies - 0.4%   
Apex Biotechnology Corp. 71,000 61,803 
Arts Optical International Holdings Ltd. 1,370,000 330,186 
Boston Scientific Corp. (a) 13,108 473,723 
Hoshiiryou Sanki Co. Ltd. 14,000 514,911 
LivaNova PLC (a) 2,801 313,684 
Microlife Corp. 175,000 476,494 
Nakanishi, Inc. 39,700 929,916 
Pacific Hospital Supply Co. Ltd. 84,000 181,509 
Prim SA 68,407 968,515 
ResMed, Inc. 4,375 463,400 
Shandong Weigao Medical Polymer Co. Ltd. (H Shares) 44,000 39,332 
St.Shine Optical Co. Ltd. 6,000 106,587 
Techno Medica Co. Ltd. 1,700 31,247 
Utah Medical Products, Inc. 16,023 1,396,885 
Varex Imaging Corp. (a) 5,500 142,780 
Vieworks Co. Ltd. 300 8,493 
Zimmer Biomet Holdings, Inc. 13,344 1,515,745 
  7,955,210 
Health Care Providers & Services - 12.2%   
Aetna, Inc. 277,694 55,094,490 
Anthem, Inc. 113,369 31,241,095 
DVx, Inc. 33,300 392,216 
Express Scripts Holding Co. (a) 39,000 3,781,830 
Hanger, Inc. (a) 97,686 1,822,821 
Humana, Inc. 532 170,458 
Laboratory Corp. of America Holdings (a) 500 80,275 
Medica Sur SA de CV 15,925 25,087 
MEDNAX, Inc. (a) 29,650 1,224,249 
Patterson Companies, Inc. 15,189 342,968 
Premier, Inc. (a) 8,174 367,830 
Quest Diagnostics, Inc. 1,622 152,646 
Ship Healthcare Holdings, Inc. 7,500 271,525 
Tokai Corp. 18,400 371,310 
Triple-S Management Corp. (a) 87,561 1,502,547 
United Drug PLC (United Kingdom) 136,794 1,105,053 
UnitedHealth Group, Inc. 510,580 133,440,074 
Universal Health Services, Inc. Class B 38,269 4,651,980 
WIN-Partners Co. Ltd. 119,400 1,204,211 
  237,242,665 
Health Care Technology - 0.0%   
Addlife AB 6,086 139,661 
Computer Programs & Systems, Inc. 7,637 190,925 
ND Software Co. Ltd. 58,500 652,736 
  983,322 
Pharmaceuticals - 0.7%   
Akorn, Inc. (a) 5,113 34,104 
Bliss Gvs Pharma Ltd. (a) 270,498 618,459 
Bristol-Myers Squibb Co. 2,567 129,736 
Daewoong Co. Ltd. 21,038 256,291 
Daito Pharmaceutical Co. Ltd. 6,000 179,731 
Dawnrays Pharmaceutical Holdings Ltd. 2,175,200 499,284 
DongKook Pharmaceutical Co. Ltd. 796 38,719 
FDC Ltd. (a) 174,610 475,243 
Fuji Pharma Co. Ltd. 39,400 619,450 
Genomma Lab Internacional SA de CV (a) 321,321 206,429 
Indivior PLC (a) 794,038 1,911,638 
Jazz Pharmaceuticals PLC (a) 1,084 172,161 
Korea United Pharm, Inc. 14,404 282,147 
Kyung Dong Pharmaceutical Co. Ltd. 57,704 579,063 
Lee's Pharmaceutical Holdings Ltd. 456,000 340,752 
Novo Nordisk A/S Series B sponsored ADR 65,502 2,828,376 
Phibro Animal Health Corp. Class A 8,466 363,361 
Recordati SpA 93,836 3,179,998 
Taro Pharmaceutical Industries Ltd. (a) 2,545 253,253 
Vivimed Labs Ltd. (a) 17,923 9,451 
Whanin Pharmaceutical Co. Ltd. 652 9,714 
  12,987,360 
TOTAL HEALTH CARE  293,921,426 
INDUSTRIALS - 6.5%   
Aerospace & Defense - 0.2%   
Astronics Corp. (a) 4,936 143,934 
Austal Ltd. 85,892 108,876 
Engility Holdings, Inc. (a) 44,161 1,370,316 
Rockwell Collins, Inc. 12,000 1,536,240 
United Technologies Corp. 4,205 522,303 
Vectrus, Inc. (a) 1,000 26,800 
  3,708,469 
Air Freight & Logistics - 0.0%   
Air T, Inc. (a) 1,888 66,099 
Airlines - 0.0%   
Air New Zealand Ltd. 67,673 123,648 
American Airlines Group, Inc. 15,267 535,566 
JetBlue Airways Corp. (a) 20,124 336,675 
  995,889 
Building Products - 0.1%   
Continental Building Products, Inc. (a) 15,761 438,313 
COVIA Corp. (a)(b) 42,447 245,344 
Gibraltar Industries, Inc. (a) 6,058 215,907 
Kondotec, Inc. 97,300 881,292 
  1,780,856 
Commercial Services & Supplies - 0.6%   
ABM Industries, Inc. 14,805 455,254 
Aeon Delight Co. Ltd. 6,600 221,102 
AJIS Co. Ltd. 42,600 1,351,602 
Asia File Corp. Bhd 252,700 147,954 
Calian Technologies Ltd. 33,413 657,625 
Civeo Corp. (a) 654,067 1,864,091 
Essendant, Inc. 100,447 1,279,695 
KAR Auction Services, Inc. 1,700 96,798 
Lion Rock Group Ltd. 1,100,000 196,380 
Mears Group PLC 47,605 216,013 
Mitie Group PLC 831,933 1,545,086 
Nac Co. Ltd. 6,200 60,168 
NICE Total Cash Management Co., Ltd. 61,611 677,667 
Stericycle, Inc. (a) 3,100 154,907 
VICOM Ltd. 147,000 634,632 
VSE Corp. 41,936 1,315,113 
  10,874,087 
Construction & Engineering - 1.1%   
AECOM (a) 419,999 12,238,771 
Arcadis NV 128,177 1,734,897 
Boustead Projs. Pte Ltd. 108,200 63,663 
Boustead Singapore Ltd. 231,200 130,192 
Daiichi Kensetsu Corp. 81,900 1,213,602 
EMCOR Group, Inc. 9,012 639,672 
Geumhwa PSC Co. Ltd. 21,639 594,551 
Kyeryong Construction Industrial Co. Ltd. (a) 27,197 462,421 
Kyowa Exeo Corp. 6,076 163,700 
Meisei Industrial Co. Ltd. 67,200 506,821 
Mirait Holdings Corp. 24,800 400,457 
Nippon Rietec Co. Ltd. 55,700 723,184 
Severfield PLC 168,134 150,006 
Shinnihon Corp. 95,800 908,459 
Toshiba Plant Systems & Services Corp. 9,300 190,228 
United Integrated Services Co. 304,000 542,989 
  20,663,613 
Electrical Equipment - 0.4%   
Aichi Electric Co. Ltd. 18,600 523,375 
Aros Quality Group AB 44,164 699,779 
AZZ, Inc. 34,318 1,522,003 
Bharat Heavy Electricals Ltd. 1,848,330 1,718,127 
Chiyoda Integre Co. Ltd. 20,000 401,117 
Eaton Corp. PLC 2,716 194,656 
Generac Holdings, Inc. (a) 6,100 309,453 
Hammond Power Solutions, Inc. Class A 23,582 106,047 
I-Sheng Electric Wire & Cable Co. Ltd. 95,000 122,430 
Korea Electric Terminal Co. Ltd. 42,076 1,379,178 
Regal Beloit Corp. 2,618 187,711 
Servotronics, Inc. 6,928 66,994 
TKH Group NV (depositary receipt) 12,215 617,885 
  7,848,755 
Industrial Conglomerates - 0.8%   
DCC PLC (United Kingdom) 160,639 13,787,827 
ITT, Inc. 5,207 262,954 
Lifco AB 31,159 1,324,517 
Mytilineos Holdings SA 52,865 467,644 
Reunert Ltd. 103,463 559,307 
  16,402,249 
Machinery - 1.4%   
Aalberts Industries NV 404,895 14,881,710 
Allison Transmission Holdings, Inc. 20,378 898,262 
ASL Marine Holdings Ltd. (a) 2,751,100 148,960 
Cummins, Inc. 1,398 191,093 
Douglas Dynamics, Inc. 1,796 77,928 
Global Brass & Copper Holdings, Inc. 2,645 83,635 
Haitian International Holdings Ltd. 516,000 1,006,739 
Hurco Companies, Inc. 3,300 134,442 
Hyster-Yale Materials Handling Class A 32,980 1,993,641 
Ihara Science Corp. 59,800 1,054,125 
Jaya Holdings Ltd. (a)(c) 47,300 990 
Kyowakogyosyo Co. Ltd. 2,700 129,215 
Luxfer Holdings PLC sponsored 17,445 402,631 
Maruzen Co. Ltd. 76,000 1,541,082 
Miller Industries, Inc. 5,261 127,158 
Mincon Group PLC 122,754 166,845 
Nadex Co. Ltd. 38,000 358,329 
Nakano Refrigerators Co. Ltd. 1,200 64,129 
Nitchitsu Co. Ltd. 2,600 43,527 
Rexnord Corp. (a) 13,044 349,710 
Semperit AG Holding (a) 24,634 407,365 
SIMPAC, Inc. 80,000 165,819 
Takamatsu Machinery Co. Ltd. 19,700 174,067 
Techno Smart Corp. (b) 26,200 180,882 
Tocalo Co. Ltd. 147,400 1,281,512 
Trinity Industrial Corp. 48,300 259,404 
WABCO Holdings, Inc. (a) 7,525 808,561 
  26,931,761 
Marine - 0.0%   
SITC International Holdings Co. Ltd. 257,000 188,769 
Tokyo Kisen Co. Ltd. 39,500 273,404 
  462,173 
Professional Services - 0.2%   
Akka Technologies SA 4,751 313,725 
Asiakastieto Group Oyj (d) 4,701 154,413 
Boardroom Ltd. 122,600 70,808 
ICF International, Inc. 3,636 267,755 
Kelly Services, Inc. Class A (non-vtg.) 5,657 132,883 
McMillan Shakespeare Ltd. 106,805 1,247,960 
Nielsen Holdings PLC 36,688 953,154 
Robert Half International, Inc. 2,932 177,474 
SHL-JAPAN Ltd. 6,200 94,455 
Sporton International, Inc. 18,000 66,859 
Stantec, Inc. 23,570 613,398 
Synergie SA 7,813 238,934 
TrueBlue, Inc. (a) 10,800 251,964 
  4,583,782 
Road & Rail - 0.7%   
Alps Logistics Co. Ltd. 135,900 1,037,000 
Chilled & Frozen Logistics Holdings Co. Ltd. 57,400 659,794 
CSX Corp. 5,132 353,390 
Daqin Railway Co. Ltd. (A Shares) 1,562,807 1,805,742 
Hamakyorex Co. Ltd. 76,300 2,471,543 
Higashi Twenty One Co. Ltd. 12,000 53,813 
Knight-Swift Transportation Holdings, Inc. Class A 7,100 227,200 
Norfolk Southern Corp. 2,111 354,289 
Sakai Moving Service Co. Ltd. 65,800 3,399,778 
Trancom Co. Ltd. 40,600 2,320,822 
  12,683,371 
Trading Companies & Distributors - 0.9%   
AddTech AB (B Shares) 68,825 1,406,411 
AerCap Holdings NV (a) 14,162 709,233 
Alconix Corp. 110,754 1,267,190 
Goodfellow, Inc. (a) 36,941 192,218 
HD Supply Holdings, Inc. (a) 35,154 1,320,736 
HERIGE 3,759 103,035 
Houston Wire & Cable Co. (a) 3,704 23,150 
Itochu Corp. 194,200 3,601,627 
Kaman Corp. 700 44,464 
KS Energy Services Ltd. (a) 627,100 16,298 
Lumax International Corp. Ltd. 29,000 58,261 
Meiwa Corp. 81,500 313,475 
Mitani Shoji Co. Ltd. 44,400 2,117,003 
MRC Global, Inc. (a) 56,664 896,991 
Otec Corp. 6,000 98,852 
Parker Corp. 106,000 534,533 
Richelieu Hardware Ltd. 42,835 821,917 
Senshu Electric Co. Ltd. 42,600 985,008 
Strongco Corp. (a) 40,279 71,902 
Tanaka Co. Ltd. 1,600 9,245 
TECHNO ASSOCIE Co. Ltd. 15,600 160,238 
Titan Machinery, Inc. (a) 44,426 633,071 
Totech Corp. 56,400 1,569,513 
  16,954,371 
Transportation Infrastructure - 0.1%   
Anhui Expressway Co. Ltd. (H Shares) 410,000 237,887 
Isewan Terminal Service Co. Ltd. 78,700 496,605 
James Fisher and Sons PLC 7,237 156,701 
Meiko Transportation Co. Ltd. 50,400 507,417 
Qingdao Port International Co. Ltd. (a)(d) 328,000 192,401 
Sinwa Ltd. 1,166,300 197,871 
  1,788,882 
TOTAL INDUSTRIALS  125,744,357 
INFORMATION TECHNOLOGY - 14.4%   
Communications Equipment - 0.1%   
F5 Networks, Inc. (a) 1,285 225,235 
InterDigital, Inc. 9,465 671,542 
Juniper Networks, Inc. 7,230 211,622 
  1,108,399 
Electronic Equipment & Components - 4.4%   
A&D Co. Ltd. 41,500 300,487 
AVX Corp. 8,500 141,780 
Cardtronics PLC (a) 6,553 177,979 
Casa Systems, Inc. (a) 4,956 71,366 
CDW Corp. 9,824 884,258 
CTS Corp. 17,713 472,760 
Daido Signal Co. Ltd. 3,500 18,270 
Dynapack International Technology Corp. 189,000 236,857 
Elec & Eltek International Co. Ltd. 81,800 101,432 
Elematec Corp. 71,900 1,536,959 
ePlus, Inc. (a) 5,591 474,564 
Excel Co. Ltd. 35,400 605,504 
Fabrinet 4,800 207,936 
Hi-P International Ltd. 726,500 398,614 
Hon Hai Precision Industry Co. Ltd. (Foxconn) 10,773,000 27,419,208 
IDIS Holdings Co. Ltd. 48,087 484,663 
Image Sensing Systems, Inc. (a) 3,045 16,991 
Insight Enterprises, Inc. (a) 20,250 1,046,723 
Isra Vision AG 15,434 663,416 
Jabil, Inc. 7,000 173,110 
Keysight Technologies, Inc. (a) 160,479 9,160,141 
Kingboard Chemical Holdings Ltd. 4,348,000 11,643,533 
Kingboard Laminates Holdings Ltd. 227,000 173,681 
Muramoto Electronic Thailand PCL (For. Reg.) 74,800 478,215 
Nippo Ltd. 42,100 134,320 
PAX Global Technology Ltd. 248,000 122,072 
Philips Lighting NV (d) 6,310 155,805 
Pinnacle Technology Holdings Ltd. 419,492 501,883 
Plexus Corp. (a) 8,324 486,122 
Redington India Ltd. 347,581 389,595 
Sanmina Corp. (a) 1,357 34,332 
ScanSource, Inc. (a) 125,229 4,868,904 
Shibaura Electronics Co. Ltd. 29,800 1,288,820 
Sigmatron International, Inc. (a) 9,932 42,211 
Simplo Technology Co. Ltd. 372,000 2,156,748 
SYNNEX Corp. 164,421 12,760,714 
Tomen Devices Corp. 32,800 739,225 
Tripod Technology Corp. 84,000 202,671 
TTM Technologies, Inc. (a) 52,705 616,649 
UKC Holdings Corp. 70,400 1,376,367 
VST Holdings Ltd. 5,654,000 2,674,888 
Wayside Technology Group, Inc. 17,732 225,728 
Wireless Telecom Group, Inc. (a) 15,460 25,973 
  85,691,474 
IT Services - 3.6%   
ALTEN 37,051 3,573,389 
Amdocs Ltd. 379,930 24,038,171 
Argo Graphics, Inc. 24,000 909,292 
CACI International, Inc. Class A (a) 3,612 644,598 
Carbonite, Inc. (a) 15,604 533,813 
Computer Services, Inc. 15,690 785,598 
Conduent, Inc. (a) 33,700 643,670 
CSE Global Ltd. 1,933,300 628,080 
Data#3 Ltd. 160,315 170,291 
Dimerco Data System Corp. 30,000 32,703 
E-Credible Co. Ltd. 7,775 106,983 
eClerx Services Ltd. (a) 101,259 1,456,659 
EOH Holdings Ltd. 389,169 865,260 
Estore Corp. 8,200 72,454 
EVERTEC, Inc. 81,307 2,120,487 
ExlService Holdings, Inc. (a) 10,062 644,974 
Gabia, Inc. 58,606 328,214 
Indra Sistemas SA (a) 782,300 7,739,840 
Know IT AB 84,753 1,648,540 
Leidos Holdings, Inc. 39,057 2,530,112 
Maximus, Inc. 15,282 992,872 
Net 1 UEPS Technologies, Inc. (a) 26,337 178,301 
Nice Information & Telecom, Inc. 2,280 37,867 
Rolta India Ltd. (a) 152,299 30,373 
Sabre Corp. 4,000 98,600 
Science Applications International Corp. 10,437 725,476 
Societe Pour L'Informatique Industrielle SA 78,736 1,979,803 
Softcreate Co. Ltd. 36,700 521,056 
The Western Union Co. 853,499 15,397,122 
Total System Services, Inc. 5,700 519,555 
TravelSky Technology Ltd. (H Shares) 62,300 150,945 
WNS Holdings Ltd. sponsored ADR (a) 4,148 208,188 
  70,313,286 
Semiconductors & Semiconductor Equipment - 0.5%   
Amkor Technology, Inc. (a) 10,757 76,913 
Axell Corp. 35,200 188,736 
Boe Varitronix Ltd. (b) 306,000 88,187 
Cirrus Logic, Inc. (a) 5,200 194,688 
Diodes, Inc. (a) 8,558 258,366 
Entegris, Inc. 16,106 427,453 
Integrated Device Technology, Inc. (a) 10,837 507,280 
Leeno Industrial, Inc. 34,562 1,814,429 
Melexis NV 64,880 4,269,556 
Miraial Co. Ltd. 7,900 71,974 
Nanometrics, Inc. (a) 14,177 454,515 
Phison Electronics Corp. 112,000 734,355 
Powertech Technology, Inc. 531,000 1,159,400 
Trio-Tech International (a) 11,055 46,529 
United Microelectronics Corp. 240,000 91,408 
  10,383,789 
Software - 2.6%   
AdaptIT Holdings Ltd. 153,070 69,415 
ANSYS, Inc. (a) 202,828 30,332,927 
Aspen Technology, Inc. (a) 5,543 470,545 
Ebix, Inc. (b) 88,370 5,064,485 
ICT Automatisering NV 28,956 398,484 
InfoVine Co. Ltd. 2,756 53,743 
j2 Global, Inc. 5,856 426,551 
Jorudan Co. Ltd. 19,600 170,231 
KSK Co., Ltd. 25,100 366,818 
Micro Focus International PLC 12,230 189,592 
NetGem SA 46,550 59,579 
Nucleus Software Exports Ltd. 35,047 183,907 
Oracle Corp. 222,980 10,890,343 
Pegasystems, Inc. 8,409 450,050 
Pro-Ship, Inc. 13,500 299,109 
RealPage, Inc. (a) 11,412 604,836 
Vitec Software Group AB 36,527 334,489 
Zensar Technologies Ltd. 210,635 730,501 
  51,095,605 
Technology Hardware, Storage & Peripherals - 3.2%   
Compal Electronics, Inc. 3,985,000 2,194,546 
HP, Inc. 391,356 9,447,334 
Seagate Technology LLC 1,117,413 44,953,525 
Super Micro Computer, Inc. (a) 69,689 912,926 
TPV Technology Ltd. 4,238,000 345,873 
Western Digital Corp. 2,340 100,784 
Xerox Corp. 148,997 4,152,546 
  62,107,534 
TOTAL INFORMATION TECHNOLOGY  280,700,087 
MATERIALS - 3.6%   
Chemicals - 2.4%   
Axalta Coating Systems Ltd. (a) 27,673 682,970 
C. Uyemura & Co. Ltd. 23,300 1,488,838 
Cabot Corp. 859 41,816 
Chase Corp. 38,522 4,154,212 
Core Molding Technologies, Inc. 40,856 278,229 
Deepak Fertilisers and Petrochemicals Corp. Ltd. 90,617 241,306 
DowDuPont, Inc. 5,530 298,178 
Eastman Chemical Co. 1,622 127,084 
EcoGreen International Group Ltd. 3,050,000 610,626 
FMC Corp. 72,613 5,669,623 
Fujikura Kasei Co., Ltd. 128,800 722,563 
Fuso Chemical Co. Ltd. 35,100 701,782 
Gujarat Narmada Valley Fertilizers Co. 288,542 1,297,191 
Gujarat State Fertilizers & Chemicals Ltd. 1,713,087 2,425,097 
Honshu Chemical Industry Co. Ltd. 46,400 481,539 
Huntsman Corp. 16,993 371,807 
Innospec, Inc. 48,365 3,236,586 
JSR Corp. 15,000 224,133 
KPC Holdings Corp. 2,453 131,142 
KPX Green Chemical Co. Ltd. 9,502 31,188 
Miwon Chemicals Co. Ltd. 3,108 107,867 
Miwon Commercial Co. Ltd. 780 167,485 
Muto Seiko Co. Ltd. 12,600 66,330 
Nihon Parkerizing Co. Ltd. 18,900 228,304 
Nippon Soda Co. Ltd. 19,200 500,951 
SK Kaken Co. Ltd. 3,400 1,441,840 
Soken Chemical & Engineer Co. Ltd. 31,600 493,177 
T&K Toka Co. Ltd. 82,000 784,863 
Thai Carbon Black PCL (For. Reg.) (a) 698,500 1,121,687 
Thai Rayon PCL:   
(For. Reg.) 129,300 178,392 
NVDR 96,200 132,725 
The Chemours Co. LLC 14,528 479,569 
The Mosaic Co. 199,245 6,164,640 
UPL Ltd. (a) 52,595 479,549 
Westlake Chemical Corp. 6,078 433,361 
Yara International ASA 212,696 9,151,444 
Yip's Chemical Holdings Ltd. 1,564,000 470,679 
  45,618,773 
Construction Materials - 0.1%   
Brampton Brick Ltd. Class A (sub. vtg.) (a) 34,310 215,016 
Mitani Sekisan Co. Ltd. 90,800 2,059,265 
RHI Magnesita NV 2,495 124,908 
  2,399,189 
Containers & Packaging - 0.2%   
AMVIG Holdings Ltd. 285,000 71,232 
Chuoh Pack Industry Co. Ltd. 20,000 232,020 
Kohsoku Corp. 82,700 763,712 
Pact Group Holdings Ltd. (d) 39,154 96,767 
Samhwa Crown & Closure Co. Ltd. 2,820 107,511 
Silgan Holdings, Inc. 14,881 357,590 
The Pack Corp. 95,000 2,723,667 
  4,352,499 
Metals & Mining - 0.8%   
Ausdrill Ltd. 176,109 213,880 
Chubu Steel Plate Co. Ltd. 25,300 141,035 
Cleveland-Cliffs, Inc. 776,001 8,349,771 
Compania de Minas Buenaventura SA sponsored ADR 137,369 1,901,187 
Freeport-McMoRan, Inc. 11,757 136,969 
Granges AB 14,912 157,738 
Hill & Smith Holdings PLC 49,084 621,431 
Livent Corp. (b) 6,000 93,600 
Newmont Mining Corp. 3,997 123,587 
Nucor Corp. 1,612 95,301 
Orvana Minerals Corp. (a) 36,409 4,287 
Pacific Metals Co. Ltd. 21,200 594,844 
Steel Dynamics, Inc. 4,139 163,904 
Tohoku Steel Co. Ltd. 29,800 347,559 
Tokyo Tekko Co. Ltd. 36,300 470,660 
Universal Stainless & Alloy Products, Inc. (a) 4,444 87,280 
Warrior Metropolitan Coal, Inc. 63,013 1,764,364 
Webco Industries, Inc. (a) 392 45,080 
Worthington Industries, Inc. 4,677 195,873 
  15,508,350 
Paper & Forest Products - 0.1%   
Louisiana-Pacific Corp. 5,896 128,356 
Stella-Jones, Inc. 36,272 1,161,630 
Western Forest Products, Inc. 110,849 148,197 
  1,438,183 
TOTAL MATERIALS  69,316,994 
REAL ESTATE - 0.5%   
Equity Real Estate Investment Trusts (REITs) - 0.3%   
Colony Capital, Inc. 110,544 648,893 
CorePoint Lodging, Inc. 600 9,822 
Corrections Corp. of America 81,380 1,827,795 
Four Corners Property Trust, Inc. 12,895 336,302 
National Health Investors, Inc. 1,592 116,948 
NSI NV 407 16,065 
Public Storage 750 154,103 
Spirit Realty Capital, Inc. 24,700 193,154 
Store Capital Corp. 11,423 331,610 
Ventas, Inc. 3,100 179,924 
VEREIT, Inc. 218,429 1,601,085 
Washington Prime Group, Inc. 4,528 28,979 
  5,444,680 
Real Estate Management & Development - 0.2%   
Anabuki Kosan, Inc. 2,100 55,759 
CBRE Group, Inc. (a) 3,647 146,938 
Century21 Real Estate Japan Ltd. 5,400 59,008 
Devine Ltd. (a) 83,774 17,797 
IMMOFINANZ Immobilien Anlagen AG 5,824 138,923 
Leopalace21 Corp. 88,600 369,837 
LSL Property Services PLC 80,785 258,148 
Relo Group, Inc. 134,000 3,166,074 
Selvaag Bolig ASA 53,676 240,370 
Servcorp Ltd. 43,212 107,408 
Sino Land Ltd. 157,960 247,758 
Tejon Ranch Co. (a) 26,265 499,035 
Wing Tai Holdings Ltd. 98,030 136,590 
  5,443,645 
TOTAL REAL ESTATE  10,888,325 
UTILITIES - 2.1%   
Electric Utilities - 1.9%   
Exelon Corp. 188,352 8,251,701 
PG&E Corp. 212,822 9,962,198 
PPL Corp. 618,556 18,804,102 
  37,018,001 
Gas Utilities - 0.1%   
Busan City Gas Co. Ltd. 1,630 50,857 
China Resource Gas Group Ltd. 42,000 160,674 
Hokuriku Gas Co. 9,300 243,307 
K&O Energy Group, Inc. 20,100 279,496 
Keiyo Gas Co. Ltd. 6,900 167,554 
Star Gas Partners LP 10,889 104,099 
  1,005,987 
Independent Power and Renewable Electricity Producers - 0.1%   
Mega First Corp. Bhd 1,250,800 905,705 
Mega First Corp. Bhd warrants 4/8/20 (a) 124,502 33,919 
The AES Corp. 11,000 160,380 
  1,100,004 
Multi-Utilities - 0.0%   
CMS Energy Corp. 18,006 891,657 
Water Utilities - 0.0%   
Manila Water Co., Inc. 342,100 160,048 
TOTAL UTILITIES  40,175,697 
TOTAL COMMON STOCKS   
(Cost $1,825,150,705)  1,800,307,242 
Nonconvertible Preferred Stocks - 0.1%   
CONSUMER STAPLES - 0.0%   
Food Products - 0.0%   
Nam Yang Dairy Products 277 44,912 
ENERGY - 0.0%   
Oil, Gas & Consumable Fuels - 0.0%   
Centrus Energy Corp. 7.50% (a)(c)(d) 362 12,670 
INDUSTRIALS - 0.0%   
Industrial Conglomerates - 0.0%   
Steel Partners Holdings LP Series A, 6.00% 9,285 197,306 
MATERIALS - 0.1%   
Construction Materials - 0.1%   
Buzzi Unicem SpA (Risparmio Shares) 93,288 1,048,174 
TOTAL NONCONVERTIBLE PREFERRED STOCKS   
(Cost $1,696,986)  1,303,062 
 Principal Amount Value 
Nonconvertible Bonds - 0.0%   
ENERGY - 0.0%   
Oil, Gas & Consumable Fuels - 0.0%   
Centrus Energy Corp. 8.25% 2/28/27(d)   
(Cost $196,324) 239,963 190,771 
 Shares Value 
Money Market Funds - 8.0%   
Fidelity Cash Central Fund, 2.23% (e) 140,436,278 140,464,365 
Fidelity Securities Lending Cash Central Fund 2.23% (e)(f) 15,665,510 15,667,076 
TOTAL MONEY MARKET FUNDS   
(Cost $156,131,441)  156,131,441 
TOTAL INVESTMENT IN SECURITIES - 100.6%   
(Cost $1,983,175,456)  1,957,932,516 
NET OTHER ASSETS (LIABILITIES) - (0.6)%  (12,241,405) 
NET ASSETS - 100%  $1,945,691,111 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (c) Level 3 security

 (d) 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 $2,428,060 or 0.1% 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.

 (f) Investment made with cash collateral received from securities on loan.

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 $1,058,281 
Fidelity Securities Lending Cash Central Fund 56,258 
Total $1,114,539 

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

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Communication Services $77,770,082 $69,555,028 $8,215,054 $-- 
Consumer Discretionary 396,631,612 395,590,989 -- 1,040,623 
Consumer Staples 151,399,722 151,370,697 -- 29,025 
Energy 117,604,776 109,714,413 7,877,693 12,670 
Financials 236,211,746 232,776,703 3,435,043 -- 
Health Care 293,921,426 293,921,426 -- -- 
Industrials 125,941,663 122,339,046 3,601,627 990 
Information Technology 280,700,087 280,419,087 281,000 -- 
Materials 70,365,168 69,770,324 594,844 -- 
Real Estate 10,888,325 10,888,325 -- -- 
Utilities 40,175,697 40,175,697 -- -- 
Corporate Bonds 190,771 -- 190,771 -- 
Money Market Funds 156,131,441 156,131,441 -- -- 
Total Investments in Securities: $1,957,932,516 $1,932,653,176 $24,196,032 $1,083,308 

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, changes in interest rates and credit quality. 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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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.

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


Quarterly Holdings Report
for

Fidelity® Value Discovery K6 Fund

October 31, 2018







FVDK6-QTLY-1218
1.9884000.101





Schedule of Investments October 31, 2018 (Unaudited)

Showing Percentage of Net Assets

Common Stocks - 98.1%   
 Shares Value 
COMMUNICATION SERVICES - 13.6%   
Diversified Telecommunication Services - 2.3%   
Verizon Communications, Inc. 99,161 $5,661,101 
Entertainment - 5.1%   
Cinemark Holdings, Inc. 46,375 1,927,809 
Lions Gate Entertainment Corp. Class B 99,989 1,778,804 
The Walt Disney Co. 35,992 4,132,961 
Twenty-First Century Fox, Inc. Class A 104,984 4,778,872 
  12,618,446 
Interactive Media & Services - 1.3%   
Alphabet, Inc. Class A (a) 2,963 3,231,389 
Media - 4.9%   
Comcast Corp. Class A 183,797 7,010,018 
comScore, Inc. (a) 54,889 875,480 
Entercom Communications Corp. Class A 145,164 942,114 
Interpublic Group of Companies, Inc. 140,855 3,262,202 
  12,089,814 
TOTAL COMMUNICATION SERVICES  33,600,750 
CONSUMER DISCRETIONARY - 2.3%   
Internet & Direct Marketing Retail - 0.5%   
eBay, Inc. (a) 40,831 1,185,324 
Multiline Retail - 1.0%   
Dollar General Corp. 23,600 2,628,568 
Textiles, Apparel & Luxury Goods - 0.8%   
PVH Corp. 16,425 1,983,976 
TOTAL CONSUMER DISCRETIONARY  5,797,868 
CONSUMER STAPLES - 9.1%   
Beverages - 2.6%   
C&C Group PLC 381,200 1,416,193 
Coca-Cola European Partners PLC 30,100 1,369,249 
PepsiCo, Inc. 31,303 3,517,831 
  6,303,273 
Food & Staples Retailing - 1.6%   
Sysco Corp. 31,806 2,268,722 
Walmart, Inc. 17,100 1,714,788 
  3,983,510 
Food Products - 3.7%   
Mondelez International, Inc. 29,300 1,230,014 
Seaboard Corp. 281 1,086,065 
The Hershey Co. 26,692 2,860,048 
The J.M. Smucker Co. 37,409 4,052,143 
  9,228,270 
Tobacco - 1.2%   
British American Tobacco PLC:   
(United Kingdom) 21,737 942,305 
sponsored ADR 46,254 2,007,424 
  2,949,729 
TOTAL CONSUMER STAPLES  22,464,782 
ENERGY - 11.3%   
Energy Equipment & Services - 1.0%   
Baker Hughes, a GE Co. Class A 88,066 2,350,482 
Oil, Gas & Consumable Fuels - 10.3%   
Chevron Corp. 36,517 4,077,123 
Exxon Mobil Corp. 96,260 7,669,997 
FLEX LNG Ltd. (a)(b) 599,722 1,052,918 
GasLog Ltd. 28,454 582,169 
GasLog Partners LP 87,896 2,184,216 
Golar LNG Partners LP 148,000 2,088,280 
Hoegh LNG Partners LP 64,011 1,140,036 
Phillips 66 Co. 26,949 2,770,896 
Suncor Energy, Inc. 53,187 1,784,145 
Teekay Corp. (b) 44,436 294,611 
Teekay LNG Partners LP 86,616 1,230,813 
Teekay Offshore Partners LP 256,531 559,238 
  25,434,442 
TOTAL ENERGY  27,784,924 
FINANCIALS - 25.9%   
Banks - 9.6%   
JPMorgan Chase & Co. 17,052 1,859,009 
PNC Financial Services Group, Inc. 30,689 3,943,230 
SunTrust Banks, Inc. 57,373 3,594,992 
U.S. Bancorp 106,362 5,559,542 
Wells Fargo & Co. 161,650 8,604,630 
  23,561,403 
Capital Markets - 2.3%   
Goldman Sachs Group, Inc. 16,508 3,720,408 
State Street Corp. 29,581 2,033,694 
  5,754,102 
Consumer Finance - 2.9%   
Capital One Financial Corp. 23,482 2,096,943 
Discover Financial Services 38,153 2,658,120 
Synchrony Financial 84,961 2,453,674 
  7,208,737 
Diversified Financial Services - 4.3%   
Berkshire Hathaway, Inc. Class B (a) 45,975 9,437,744 
Standard Life PLC 319,515 1,104,733 
  10,542,477 
Insurance - 4.1%   
Allstate Corp. 16,045 1,535,827 
Chubb Ltd. 20,688 2,584,138 
FNF Group 37,037 1,238,888 
Prudential PLC 85,082 1,703,650 
The Travelers Companies, Inc. 24,841 3,108,354 
  10,170,857 
Mortgage Real Estate Investment Trusts - 2.7%   
AGNC Investment Corp. 134,613 2,401,496 
Annaly Capital Management, Inc. 254,708 2,513,968 
MFA Financial, Inc. 266,825 1,849,097 
  6,764,561 
TOTAL FINANCIALS  64,002,137 
HEALTH CARE - 16.5%   
Biotechnology - 3.8%   
Amgen, Inc. 28,675 5,528,253 
Shire PLC sponsored ADR 21,018 3,821,072 
  9,349,325 
Health Care Providers & Services - 7.8%   
Aetna, Inc. 12,801 2,539,718 
Anthem, Inc. 11,333 3,123,035 
Cigna Corp. 20,485 4,379,898 
CVS Health Corp. 79,746 5,772,813 
McKesson Corp. 6,586 821,669 
UnitedHealth Group, Inc. 9,600 2,508,960 
  19,146,093 
Pharmaceuticals - 4.9%   
Allergan PLC 18,926 2,990,497 
Bayer AG 41,137 3,153,252 
Johnson & Johnson 9,295 1,301,207 
Pfizer, Inc. 25,643 1,104,188 
Roche Holding AG (participation certificate) 5,836 1,420,263 
Sanofi SA sponsored ADR 50,159 2,243,110 
  12,212,517 
TOTAL HEALTH CARE  40,707,935 
INDUSTRIALS - 5.3%   
Aerospace & Defense - 2.5%   
Harris Corp. 11,852 1,762,511 
United Technologies Corp. 36,193 4,495,533 
  6,258,044 
Air Freight & Logistics - 1.0%   
C.H. Robinson Worldwide, Inc. 26,800 2,386,004 
Machinery - 1.0%   
Allison Transmission Holdings, Inc. 3,696 162,920 
Deere & Co. 16,629 2,252,232 
  2,415,152 
Professional Services - 0.3%   
Nielsen Holdings PLC 23,525 611,180 
Road & Rail - 0.5%   
Union Pacific Corp. 8,928 1,305,452 
TOTAL INDUSTRIALS  12,975,832 
INFORMATION TECHNOLOGY - 3.2%   
Electronic Equipment & Components - 0.8%   
TE Connectivity Ltd. 26,117 1,969,744 
IT Services - 2.4%   
Amdocs Ltd. 32,169 2,035,333 
Cognizant Technology Solutions Corp. Class A 39,043 2,695,138 
The Western Union Co. 68,787 1,240,917 
  5,971,388 
TOTAL INFORMATION TECHNOLOGY  7,941,132 
MATERIALS - 4.1%   
Chemicals - 2.7%   
DowDuPont, Inc. 59,027 3,182,736 
LyondellBasell Industries NV Class A 29,015 2,590,169 
The Scotts Miracle-Gro Co. Class A 11,703 781,058 
  6,553,963 
Containers & Packaging - 1.4%   
Ball Corp. 45,999 2,060,755 
Graphic Packaging Holding Co. 137,631 1,515,317 
  3,576,072 
TOTAL MATERIALS  10,130,035 
REAL ESTATE - 2.6%   
Equity Real Estate Investment Trusts (REITs) - 1.5%   
American Tower Corp. 12,500 1,947,625 
Simon Property Group, Inc. 10,500 1,926,960 
  3,874,585 
Real Estate Management & Development - 1.1%   
CBRE Group, Inc. (a) 66,238 2,668,729 
TOTAL REAL ESTATE  6,543,314 
UTILITIES - 4.2%   
Electric Utilities - 3.3%   
Exelon Corp. 99,289 4,349,851 
Xcel Energy, Inc. 77,297 3,788,326 
  8,138,177 
Multi-Utilities - 0.9%   
Avista Corp. 8,000 411,360 
WEC Energy Group, Inc. 26,500 1,812,600 
  2,223,960 
TOTAL UTILITIES  10,362,137 
TOTAL COMMON STOCKS   
(Cost $241,519,971)  242,310,846 
Money Market Funds - 1.6%   
Fidelity Cash Central Fund, 2.23% (c) 3,516,609 3,517,312 
Fidelity Securities Lending Cash Central Fund 2.23% (c)(d) 438,506 438,550 
TOTAL MONEY MARKET FUNDS   
(Cost $3,955,862)  3,955,862 
TOTAL INVESTMENT IN SECURITIES - 99.7%   
(Cost $245,475,833)  246,266,708 
NET OTHER ASSETS (LIABILITIES) - 0.3%  631,073 
NET ASSETS - 100%  $246,897,781 

Legend

 (a) Non-income producing

 (b) Security or a portion of the security is on loan at period end.

 (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) Investment made with cash collateral received from securities on loan.

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 $52,033 
Fidelity Securities Lending Cash Central Fund 13,022 
Total $65,055 

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

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2018, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Equities:     
Communication Services $33,600,750 $33,600,750 $-- $-- 
Consumer Discretionary 5,797,868 5,797,868 -- -- 
Consumer Staples 22,464,782 21,522,477 942,305 -- 
Energy 27,784,924 27,784,924 -- -- 
Financials 64,002,137 62,298,487 1,703,650 -- 
Health Care 40,707,935 36,134,420 4,573,515 -- 
Industrials 12,975,832 12,975,832 -- -- 
Information Technology 7,941,132 7,941,132 -- -- 
Materials 10,130,035 10,130,035 -- -- 
Real Estate 6,543,314 6,543,314 -- -- 
Utilities 10,362,137 10,362,137 -- -- 
Money Market Funds 3,955,862 3,955,862 -- -- 
Total Investments in Securities: $246,266,708 $239,047,238 $7,219,470 $-- 

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. Utilizing these techniques may result in transfers between Level 1 and Level 2. 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 open-end mutual funds, including the Fidelity Central 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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.



Item 2.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Puritan Trusts (the Trust) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.


Item 3.

Exhibits


Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Puritan Trust



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

December 27, 2018


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

December 27, 2018



By:

/s/John J. Burke III


John J. Burke III


Chief Financial Officer



Date:

December 27, 2018