Quarterly Holdings Report
for
Fidelity® Emerging Markets Equity Central Fund
June 30, 2021
EMQ-QTLY-0821
1.876939.112
Schedule of Investments June 30, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 92.4% | |||
Shares | Value | ||
Belgium - 0.3% | |||
Titan Cement International Trading SA | 429,000 | $8,342,463 | |
VGP NV | 1,200 | 236,771 | |
TOTAL BELGIUM | 8,579,234 | ||
Bermuda - 0.9% | |||
AGTech Holdings Ltd. (a) | 1,664,000 | 73,938 | |
China Gas Holdings Ltd. | 1,788,600 | 5,459,580 | |
Credicorp Ltd. (United States) (a) | 75,609 | 9,157,006 | |
Huanxi Media Group Ltd. (a) | 8,750,000 | 2,028,515 | |
Kerry Properties Ltd. | 500,500 | 1,650,220 | |
Kunlun Energy Co. Ltd. | 5,030,000 | 4,638,512 | |
Shangri-La Asia Ltd. (a) | 690,000 | 675,399 | |
TOTAL BERMUDA | 23,683,170 | ||
Brazil - 3.5% | |||
Atacadao SA | 2,641,800 | 11,154,007 | |
Azul SA sponsored ADR (a) | 208,400 | 5,501,760 | |
ENGIE Brasil Energia SA | 347,100 | 2,732,109 | |
Equatorial Energia SA | 1,120,700 | 5,587,953 | |
Localiza Rent A Car SA | 204,000 | 2,624,955 | |
LOG Commercial Properties e Participacoes SA | 266,700 | 1,704,075 | |
Natura & Co. Holding SA (a) | 1,449,575 | 16,536,428 | |
Notre Dame Intermedica Participacoes SA | 283,540 | 4,841,580 | |
Rumo SA (a) | 1,917,800 | 7,383,865 | |
Suzano Papel e Celulose SA (a) | 1,299,600 | 15,627,704 | |
Telefonica Brasil SA | 154,199 | 1,302,095 | |
Transmissora Alianca de Energia Eletrica SA unit | 457,200 | 3,391,910 | |
Vale SA sponsored ADR | 553,915 | 12,634,801 | |
YDUQS Participacoes SA | 265,500 | 1,752,990 | |
TOTAL BRAZIL | 92,776,232 | ||
British Virgin Islands - 0.1% | |||
Fix Price Group Ltd. GDR (Reg. S) (a) | 278,800 | 2,439,500 | |
Mail.Ru Group Ltd. GDR (Reg. S) (a) | 67,856 | 1,537,617 | |
TOTAL BRITISH VIRGIN ISLANDS | 3,977,117 | ||
Cayman Islands - 24.1% | |||
AAC Technology Holdings, Inc. | 504,000 | 3,771,415 | |
Akeso, Inc. (a)(b) | 528,656 | 4,265,716 | |
Alibaba Group Holding Ltd. (a) | 4,650,636 | 131,863,382 | |
Ant International Co. Ltd. Class C (a)(c)(d) | 296,486 | 862,774 | |
Anta Sports Products Ltd. | 301,000 | 7,086,640 | |
Archosaur Games, Inc. (b) | 150,132 | 286,949 | |
ASM Pacific Technology Ltd. | 318,800 | 4,319,483 | |
BeiGene Ltd. ADR (a) | 10,860 | 3,727,043 | |
Bilibili, Inc. ADR (a)(e) | 349,217 | 42,548,599 | |
Chailease Holding Co. Ltd. | 2,191,228 | 15,894,105 | |
China Resources Land Ltd. | 1,107,000 | 4,484,004 | |
Chindata Group Holdings Ltd. ADR (a) | 78,000 | 1,177,020 | |
CIFI Holdings Group Co. Ltd. | 2,112,000 | 1,648,406 | |
CK Asset Holdings Ltd. | 138,000 | 952,668 | |
ENN Energy Holdings Ltd. | 377,900 | 7,193,645 | |
ESR Cayman Ltd. (a)(b) | 699,800 | 2,361,418 | |
Haitian International Holdings Ltd. | 1,339,000 | 4,492,478 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 1,512,379 | 6,622,733 | |
Huazhu Group Ltd. ADR (a) | 55,389 | 2,925,093 | |
Innovent Biologics, Inc. (a)(b) | 635,708 | 7,413,851 | |
iQIYI, Inc. ADR (a)(e) | 97,500 | 1,519,050 | |
Jacobio Pharmaceuticals Group Co. Ltd. (b) | 1,389,798 | 3,893,217 | |
JD Health International, Inc. (b) | 186,081 | 2,667,441 | |
JD.com, Inc. sponsored ADR (a) | 213,300 | 17,023,473 | |
Kanzhun Ltd. ADR | 8,500 | 337,025 | |
KE Holdings, Inc. ADR (a) | 28,700 | 1,368,416 | |
Kingdee International Software Group Co. Ltd. | 1,308,000 | 4,439,009 | |
Kingsoft Corp. Ltd. | 493,000 | 2,955,727 | |
KWG Property Holding Ltd. | 695,500 | 931,597 | |
Li Ning Co. Ltd. | 1,325,000 | 16,177,891 | |
Longfor Properties Co. Ltd. (b) | 882,000 | 4,941,463 | |
Meituan Class B (a)(b) | 1,391,228 | 57,410,127 | |
Ming Yuan Cloud Group Holdings Ltd. | 441,200 | 2,190,572 | |
NetEase, Inc. ADR | 42,392 | 4,885,678 | |
New Oriental Education & Technology Group, Inc. sponsored ADR | 393,238 | 3,220,619 | |
PagSeguro Digital Ltd. (a)(e) | 173,409 | 9,697,031 | |
Parade Technologies Ltd. | 44,000 | 2,182,860 | |
Pinduoduo, Inc. ADR (a) | 223,430 | 28,380,079 | |
Pop Mart International Group Ltd. (b)(e) | 455,300 | 4,515,294 | |
Sea Ltd. ADR (a) | 15,900 | 4,366,140 | |
Shenzhou International Group Holdings Ltd. | 546,200 | 13,793,076 | |
Shimao Property Holdings Ltd. | 544,220 | 1,334,563 | |
StoneCo Ltd. Class A (a) | 26,600 | 1,783,796 | |
TAL Education Group ADR (a) | 76,565 | 1,931,735 | |
Tencent Holdings Ltd. | 1,932,900 | 145,532,893 | |
Tencent Music Entertainment Group ADR (a) | 137,000 | 2,120,760 | |
Tongdao Liepin Group (a) | 587,541 | 1,357,558 | |
Uni-President China Holdings Ltd. | 5,214,400 | 5,755,497 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 872,950 | 15,983,970 | |
XPeng, Inc.: | |||
ADR (a) | 327,739 | 14,558,166 | |
Class A (a) | 40,000 | 850,044 | |
Zai Lab Ltd. (a) | 59,016 | 10,411,349 | |
Zhaoke Ophthalmology Ltd. (a)(b) | 269,500 | 408,191 | |
TOTAL CAYMAN ISLANDS | 642,821,729 | ||
Chile - 0.5% | |||
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR | 298,665 | 14,135,814 | |
China - 8.5% | |||
Bafang Electric Suzhou Co. Ltd. (A Shares) | 153,200 | 5,608,223 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 2,972,600 | 4,976,430 | |
Beijing Shiji Information Technology Co. Ltd. (A Shares) | 443,900 | 1,616,194 | |
Beijing Sinohytec Co. Ltd. (A Shares) | 57,000 | 2,495,493 | |
China Communications Services Corp. Ltd. (H Shares) | 5,902,000 | 2,949,366 | |
China Construction Bank Corp. (H Shares) | 44,060,000 | 34,672,359 | |
China Merchants Bank Co. Ltd. (H Shares) | 2,795,500 | 23,853,003 | |
China Petroleum & Chemical Corp. (H Shares) | 18,154,000 | 9,226,953 | |
China Tower Corp. Ltd. (H Shares) (b) | 9,065,020 | 1,249,253 | |
Fuyao Glass Industries Group Co. Ltd.: | |||
(A Shares) | 508,200 | 4,395,554 | |
(H Shares) (b) | 197,600 | 1,392,105 | |
Gemdale Corp. (A Shares) | 896,400 | 1,421,535 | |
Glodon Co. Ltd. (A Shares) | 229,600 | 2,425,002 | |
Great Wall Motor Co. Ltd. (H Shares) | 2,122,000 | 6,859,884 | |
Haier Smart Home Co. Ltd. | 921,600 | 3,216,692 | |
Haier Smart Home Co. Ltd. (A Shares) | 232,100 | 931,319 | |
Joinn Laboratories China Co. Ltd. (H Shares) (b) | 42,866 | 690,114 | |
Pharmaron Beijing Co. Ltd. (H Shares) (b) | 388,529 | 10,358,371 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 3,578,000 | 34,976,375 | |
Shanghai Jinjiang International Hotels Co. Ltd. (A Shares) | 640,775 | 5,651,387 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 146,736 | 10,908,849 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 2,536,500 | 1,643,238 | |
Sinopharm Group Co. Ltd. (H Shares) | 1,390,282 | 4,136,305 | |
Thunder Software Technology Co. Ltd. (A Shares) | 259,600 | 6,314,312 | |
TravelSky Technology Ltd. (H Shares) | 2,087,000 | 4,504,993 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 1,680,000 | 18,088,946 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 464,328 | 3,872,241 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 492,669 | 11,504,049 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 900,100 | 5,321,097 | |
TOTAL CHINA | 225,259,642 | ||
Cyprus - 1.0% | |||
TCS Group Holding PLC GDR | 316,874 | 27,726,475 | |
Egypt - 0.0% | |||
Six of October Development & Investment Co. | 781,002 | 850,916 | |
France - 0.1% | |||
Ubisoft Entertainment SA (a) | 29,669 | 2,077,028 | |
Germany - 0.1% | |||
Delivery Hero AG (a)(b) | 21,131 | 2,791,248 | |
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 838,600 | 1,481,611 | |
Hong Kong - 1.2% | |||
AIA Group Ltd. | 709,800 | 8,805,480 | |
Antengene Corp. (b) | 1,561,392 | 3,849,032 | |
China Overseas Land and Investment Ltd. | 1,457,460 | 3,311,257 | |
China Resources Beer Holdings Co. Ltd. | 1,394,666 | 12,528,876 | |
Guangdong Investment Ltd. | 2,692,000 | 3,869,340 | |
TOTAL HONG KONG | 32,363,985 | ||
Hungary - 0.6% | |||
OTP Bank PLC (a) | 237,600 | 12,791,159 | |
Richter Gedeon PLC | 122,200 | 3,253,231 | |
TOTAL HUNGARY | 16,044,390 | ||
India - 11.0% | |||
Adani Ports & Special Economic Zone Ltd. | 944,908 | 8,941,461 | |
Apollo Hospitals Enterprise Ltd. (a) | 45,896 | 2,234,070 | |
Axis Bank Ltd. (a) | 2,353,843 | 23,685,614 | |
Bajaj Auto Ltd. | 69,387 | 3,857,130 | |
Bajaj Finance Ltd. | 190,548 | 15,414,620 | |
Cipla Ltd. (a) | 67,186 | 878,075 | |
Divi's Laboratories Ltd. (a) | 57,826 | 3,427,842 | |
Embassy Office Parks (REIT) | 298,800 | 1,407,834 | |
HDFC Bank Ltd. | 2,059,254 | 41,478,606 | |
Housing Development Finance Corp. Ltd. | 20,100 | 669,031 | |
Indraprastha Gas Ltd. | 911,120 | 6,833,553 | |
Indus Towers Ltd. | 209,500 | 672,321 | |
IndusInd Bank Ltd. (a) | 695,400 | 9,504,065 | |
Infosys Ltd. | 224,000 | 4,736,489 | |
ITC Ltd. | 2,743,587 | 7,478,318 | |
JK Cement Ltd. | 348,898 | 13,378,372 | |
Larsen & Toubro Ltd. | 563,278 | 11,365,922 | |
Mahanagar Gas Ltd. | 256,295 | 3,916,887 | |
Mahindra & Mahindra Ltd. | 442,200 | 4,624,473 | |
Manappuram General Finance & Leasing Ltd. | 2,411,057 | 5,471,201 | |
Max Healthcare Institute Ltd. (a) | 210,932 | 721,874 | |
Mindspace Business Parks (REIT) (b) | 121,800 | 463,091 | |
NTPC Ltd. | 3,212,937 | 5,029,058 | |
Oberoi Realty Ltd. (a) | 314,466 | 2,662,802 | |
Petronet LNG Ltd. | 919,468 | 2,791,849 | |
Power Grid Corp. of India Ltd. | 2,254,245 | 7,044,800 | |
Reliance Industries Ltd. | 1,251,597 | 35,523,206 | |
Shree Cement Ltd. (a) | 28,527 | 10,550,981 | |
Shriram Transport Finance Co. Ltd. | 977,800 | 17,654,047 | |
Sun Pharmaceutical Industries Ltd. | 190,975 | 1,734,607 | |
Sunteck Realty Ltd. | 86,097 | 340,440 | |
Tata Consultancy Services Ltd. | 666,226 | 29,974,123 | |
Tata Motors Ltd. (a) | 882,500 | 4,045,710 | |
Torrent Pharmaceuticals Ltd. | 117,447 | 4,582,589 | |
TOTAL INDIA | 293,095,061 | ||
Indonesia - 1.1% | |||
PT Bank Central Asia Tbk | 6,143,200 | 12,763,028 | |
PT Bank Rakyat Indonesia Tbk | 50,594,200 | 13,756,317 | |
PT United Tractors Tbk | 1,249,100 | 1,744,433 | |
TOTAL INDONESIA | 28,263,778 | ||
Israel - 0.1% | |||
Wix.com Ltd. (a) | 8,000 | 2,322,240 | |
Japan - 0.5% | |||
Capcom Co. Ltd. | 78,651 | 2,300,875 | |
Ibiden Co. Ltd. | 30,400 | 1,639,102 | |
JTOWER, Inc. (a) | 16,986 | 860,805 | |
Money Forward, Inc. (a) | 45,600 | 2,910,158 | |
Recruit Holdings Co. Ltd. | 30,900 | 1,515,299 | |
Renesas Electronics Corp. (a) | 142,100 | 1,536,182 | |
Square Enix Holdings Co. Ltd. | 44,360 | 2,200,131 | |
TOTAL JAPAN | 12,962,552 | ||
Korea (South) - 13.0% | |||
AMOREPACIFIC Group, Inc. | 137,919 | 7,811,342 | |
Coway Co. Ltd. | 75,750 | 5,275,686 | |
Hana Financial Group, Inc. | 286,467 | 11,674,164 | |
Hanon Systems | 236,040 | 3,457,046 | |
Hyundai Mobis | 14,216 | 3,673,515 | |
Hyundai Motor Co. | 41,690 | 8,836,066 | |
Kakao Corp. | 130,470 | 18,820,009 | |
KB Financial Group, Inc. | 351,346 | 17,377,908 | |
Kia Corp. | 224,930 | 17,835,158 | |
LG Chemical Ltd. | 5,770 | 4,340,265 | |
LG Corp. | 67,452 | 6,118,434 | |
LG Electronics, Inc. | 64,180 | 9,286,221 | |
LX Holdings Corp. (a) | 32,710 | 325,653 | |
NCSOFT Corp. | 7,831 | 5,682,673 | |
Netmarble Corp. (b) | 8,801 | 1,043,658 | |
POSCO | 82,931 | 25,539,812 | |
S-Oil Corp. (a) | 68,650 | 6,227,102 | |
Samsung Biologics Co. Ltd. (a)(b) | 14,849 | 11,051,335 | |
Samsung Electronics Co. Ltd. | 1,842,567 | 131,588,634 | |
Samsung SDI Co. Ltd. | 23,872 | 14,745,713 | |
SK Hynix, Inc. | 279,125 | 31,494,192 | |
Soulbrain Co. Ltd. | 3,500 | 1,018,097 | |
Studio Dragon Corp. (a) | 28,099 | 2,382,198 | |
TOTAL KOREA (SOUTH) | 345,604,881 | ||
Luxembourg - 0.1% | |||
Adecoagro SA (a) | 147,804 | 1,483,952 | |
Mexico - 2.5% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 2,710,300 | 22,766,520 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 1,236,300 | 2,405,123 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 426,896 | 4,543,292 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR (a) | 14,200 | 2,625,580 | |
Grupo Aeroportuario Norte S.A.B. de CV (a) | 326,500 | 2,134,518 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 2,686,232 | 17,351,221 | |
Macquarie Mexican (REIT) (b) | 358,294 | 442,161 | |
Wal-Mart de Mexico SA de CV Series V | 4,036,300 | 13,175,581 | |
TOTAL MEXICO | 65,443,996 | ||
Netherlands - 1.6% | |||
Adyen BV (a)(b) | 1,200 | 2,942,797 | |
ASML Holding NV (Netherlands) | 5,900 | 4,072,883 | |
CTP BV (a)(b) | 65,200 | 1,314,285 | |
NXP Semiconductors NV | 18,100 | 3,723,532 | |
X5 Retail Group NV GDR (Reg. S) | 247,300 | 8,670,338 | |
Yandex NV Series A (a) | 304,287 | 21,528,305 | |
TOTAL NETHERLANDS | 42,252,140 | ||
Panama - 0.1% | |||
Copa Holdings SA Class A (a) | 54,900 | 4,135,617 | |
Peru - 0.2% | |||
Compania de Minas Buenaventura SA sponsored ADR (a) | 517,800 | 4,686,090 | |
Philippines - 0.1% | |||
Ayala Land, Inc. | 2,962,600 | 2,185,872 | |
Robinsons Land Corp. | 998,270 | 353,052 | |
TOTAL PHILIPPINES | 2,538,924 | ||
Poland - 0.2% | |||
CD Projekt RED SA (e) | 87,561 | 4,253,855 | |
Russia - 3.0% | |||
LSR Group OJSC | 27,000 | 286,154 | |
Lukoil PJSC sponsored ADR | 247,900 | 22,960,498 | |
MMC Norilsk Nickel PJSC sponsored ADR | 289,000 | 9,846,230 | |
Novatek PJSC GDR (Reg. S) | 64,900 | 14,232,570 | |
Sberbank of Russia | 1,333,250 | 5,570,857 | |
Sberbank of Russia sponsored ADR | 1,372,992 | 22,798,532 | |
Tatneft PAO | 575,000 | 4,176,957 | |
TOTAL RUSSIA | 79,871,798 | ||
Saudi Arabia - 0.8% | |||
Al Rajhi Bank | 693,072 | 20,511,649 | |
Singapore - 0.2% | |||
First Resources Ltd. | 6,586,100 | 6,563,080 | |
South Africa - 3.2% | |||
AngloGold Ashanti Ltd. | 387,300 | 7,188,881 | |
Bidvest Group Ltd./The | 350,862 | 4,679,634 | |
Capitec Bank Holdings Ltd. | 96,199 | 11,361,183 | |
FirstRand Ltd. | 3,649,528 | 13,695,953 | |
Impala Platinum Holdings Ltd. | 1,325,000 | 21,792,967 | |
Naspers Ltd. Class N | 82,100 | 17,310,539 | |
Pick 'n Pay Stores Ltd. | 2,649,008 | 9,785,376 | |
TOTAL SOUTH AFRICA | 85,814,533 | ||
Spain - 0.0% | |||
Aena SME SA (a)(b) | 2,800 | 459,170 | |
Switzerland - 0.1% | |||
Dufry AG (a) | 55,272 | 3,279,746 | |
Taiwan - 9.2% | |||
ASE Technology Holding Co. Ltd. | 1,740,000 | 6,967,542 | |
Formosa Plastics Corp. | 1,000,000 | 3,689,442 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 4,259,000 | 17,086,344 | |
MediaTek, Inc. | 559,000 | 19,262,398 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 8,618,869 | 185,267,773 | |
Unified-President Enterprises Corp. | 4,574,000 | 11,993,080 | |
TOTAL TAIWAN | 244,266,579 | ||
Thailand - 0.3% | |||
PTT Global Chemical PCL (For. Reg.) | 4,075,400 | 7,502,296 | |
Turkey - 0.1% | |||
Aselsan A/S | 2,174,000 | 3,675,456 | |
United Kingdom - 1.0% | |||
Helios Towers PLC (a) | 187,500 | 422,771 | |
Mondi PLC | 617,742 | 16,265,476 | |
Prudential PLC (a) | 526,998 | 10,026,547 | |
TOTAL UNITED KINGDOM | 26,714,794 | ||
United States of America - 3.0% | |||
Activision Blizzard, Inc. | 89,002 | 8,494,351 | |
Airbnb, Inc. Class A | 1,000 | 153,140 | |
DiDi Global, Inc. ADR | 25,536 | 357,504 | |
Dlocal Ltd. | 62,200 | 3,267,366 | |
First Cash Financial Services, Inc. | 105,972 | 8,100,500 | |
Lam Research Corp. | 5,100 | 3,318,570 | |
Li Auto, Inc. ADR (a) | 525,108 | 18,347,274 | |
Marvell Technology, Inc. | 75,100 | 4,380,583 | |
MercadoLibre, Inc. (a) | 4,593 | 7,154,929 | |
Micron Technology, Inc. (a) | 86,930 | 7,387,311 | |
Microsoft Corp. | 16,300 | 4,415,670 | |
NVIDIA Corp. | 8,800 | 7,040,880 | |
ON Semiconductor Corp. (a) | 152,600 | 5,841,528 | |
Snap, Inc. Class A (a) | 28,600 | 1,948,804 | |
TOTAL UNITED STATES OF AMERICA | 80,208,410 | ||
TOTAL COMMON STOCKS | |||
(Cost $1,673,239,566) | 2,460,479,188 | ||
Preferred Stocks - 3.6% | |||
Convertible Preferred Stocks - 0.2% | |||
China - 0.2% | |||
ByteDance Ltd. Series E1 (c)(d) | 30,246 | 3,591,108 | |
dMed Biopharmaceutical Co. Ltd. Series C (c)(d) | 52,588 | 727,292 | |
4,318,400 | |||
Nonconvertible Preferred Stocks - 3.4% | |||
Brazil - 2.7% | |||
Ambev SA sponsored ADR | 4,998,600 | 17,195,184 | |
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 345,600 | 1,743,356 | |
Itau Unibanco Holding SA sponsored ADR | 2,779,643 | 16,705,654 | |
Metalurgica Gerdau SA (PN) | 3,588,700 | 9,978,632 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 1,069,800 | 12,634,338 | |
sponsored ADR | 1,028,400 | 12,577,332 | |
70,834,496 | |||
Korea (South) - 0.7% | |||
Hyundai Motor Co. Series 2 | 93,648 | 9,530,549 | |
Samsung Electronics Co. Ltd. | 128,533 | 8,383,082 | |
17,913,631 | |||
Russia - 0.0% | |||
Tatneft PAO | 94,800 | 649,113 | |
United States of America - 0.0% | |||
Gupshup, Inc. (c)(d)(f) | 44,950 | 1,027,791 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 90,425,031 | ||
TOTAL PREFERRED STOCKS | |||
(Cost $71,934,543) | 94,743,431 | ||
Principal Amount | Value | ||
Government Obligations - 0.2% | |||
United States of America - 0.2% | |||
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.02% 7/1/21 to 7/8/21 (Cost $5,639,994)(g) | 5,640,000 | 5,639,984 | |
Shares | Value | ||
Money Market Funds - 4.9% | |||
Fidelity Cash Central Fund 0.06% (h) | 100,146,772 | 100,166,801 | |
Fidelity Securities Lending Cash Central Fund 0.06% (h)(i) | 30,723,330 | 30,726,403 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $130,892,821) | 130,893,204 | ||
TOTAL INVESTMENT IN SECURITIES - 101.1% | |||
(Cost $1,881,706,924) | 2,691,755,807 | ||
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (30,139,694) | ||
NET ASSETS - 100% | $2,661,616,113 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI Emerging Markets Index Contracts (United States) | 840 | Sept. 2021 | $57,321,600 | $54,687 | $54,687 |
The notional amount of futures purchased as a percentage of Net Assets is 2.2%
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $164,193,280 or 6.2% of net assets.
(c) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $6,208,965 or 0.2% of net assets.
(d) Level 3 security
(e) Security or a portion of the security is on loan at period end.
(f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.
(g) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,664,987.
(h) 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.
(i) Investment made with cash collateral received from securities on loan.
Additional information on each restricted holding is as follows:
Security | Acquisition Date | Acquisition Cost |
Ant International Co. Ltd. Class C | 5/16/18 | $1,663,286 |
ByteDance Ltd. Series E1 | 11/18/20 | $3,314,181 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/1/20 | $746,915 |
Gupshup, Inc. | 6/8/21 | $1,027,791 |
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 | $38,779 |
Fidelity Securities Lending Cash Central Fund | 72,660 |
Total | $111,439 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $47,214,048 | $799,546,428 | $746,594,190 | $515 | $-- | $100,166,801 | 0.2% |
Fidelity Securities Lending Cash Central Fund 0.06% | 7,941,987 | 553,665,468 | 530,881,052 | -- | -- | 30,726,403 | 0.1% |
Total | $55,156,035 | $1,353,211,896 | $1,277,475,242 | $515 | $-- | $130,893,204 |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, 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. 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. U.S. government and government agency obligations 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.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in 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.
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