UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-03855
Fidelity Advisor Series VIII
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, 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: | October 31 |
Date of reporting period: | April 30, 2023 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.1 | |
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.4 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.0 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.7 | |
Linde PLC (United States of America, Chemicals) | 1.6 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.6 | |
Hoya Corp. (Japan, Health Care Equipment & Supplies) | 1.5 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 1.4 | |
20.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.4 | |
Industrials | 20.0 | |
Information Technology | 12.9 | |
Health Care | 11.3 | |
Consumer Discretionary | 9.9 | |
Consumer Staples | 6.6 | |
Materials | 6.4 | |
Energy | 3.9 | |
Communication Services | 0.7 | |
Real Estate | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.3% | |||
Shares | Value ($) (000s) | ||
Australia - 1.5% | |||
Aristocrat Leisure Ltd. | 138,724 | 3,509 | |
Flutter Entertainment PLC (a) | 31,593 | 6,319 | |
Glencore PLC | 2,140,408 | 12,634 | |
TOTAL AUSTRALIA | 22,462 | ||
Belgium - 0.9% | |||
KBC Group NV | 183,704 | 13,113 | |
Canada - 6.3% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 178,644 | 8,916 | |
Cameco Corp. | 124,900 | 3,434 | |
Canadian Natural Resources Ltd. | 319,656 | 19,479 | |
Canadian Pacific Kansas City Ltd. | 100,159 | 7,897 | |
Constellation Software, Inc. | 7,639 | 14,952 | |
Franco-Nevada Corp. | 58,828 | 8,926 | |
GFL Environmental, Inc. (b) | 281,714 | 10,226 | |
Imperial Oil Ltd. | 120,036 | 6,119 | |
Lumine Group, Inc. | 22,919 | 309 | |
Thomson Reuters Corp. | 50,296 | 6,614 | |
Tourmaline Oil Corp. | 125,081 | 5,620 | |
TOTAL CANADA | 92,492 | ||
China - 1.9% | |||
Anta Sports Products Ltd. | 400,384 | 4,975 | |
Chervon Holdings Ltd. | 465,237 | 2,368 | |
Haier Smart Home Co. Ltd. (A Shares) | 189,700 | 652 | |
Kweichow Moutai Co. Ltd. (A Shares) | 15,676 | 4,000 | |
Li Ning Co. Ltd. | 609,604 | 4,360 | |
NXP Semiconductors NV | 61,120 | 10,008 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 68,300 | 612 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 14,772 | 668 | |
Sunny Optical Technology Group Co. Ltd. | 52,000 | 550 | |
TOTAL CHINA | 28,193 | ||
Denmark - 3.6% | |||
Carlsberg A/S Series B | 34,033 | 5,622 | |
DSV A/S | 93,929 | 17,642 | |
Novo Nordisk A/S Series B | 176,226 | 29,316 | |
TOTAL DENMARK | 52,580 | ||
France - 10.6% | |||
Air Liquide SA | 32,834 | 5,907 | |
Airbus Group NV | 109,818 | 15,378 | |
AXA SA | 310,199 | 10,125 | |
BNP Paribas SA | 275,920 | 17,828 | |
Capgemini SA | 78,318 | 14,231 | |
Edenred SA | 54,859 | 3,562 | |
EssilorLuxottica SA | 75,570 | 14,939 | |
Legrand SA | 80,033 | 7,558 | |
LVMH Moet Hennessy Louis Vuitton SE | 46,569 | 44,794 | |
Pernod Ricard SA | 80,751 | 18,632 | |
Sartorius Stedim Biotech | 8,009 | 2,140 | |
Teleperformance | 6,039 | 1,203 | |
TOTAL FRANCE | 156,297 | ||
Germany - 5.8% | |||
Allianz SE | 81,761 | 20,531 | |
Bayer AG | 61,700 | 4,072 | |
Deutsche Borse AG | 66,764 | 12,732 | |
Deutsche Post AG | 279,382 | 13,438 | |
Hannover Reuck SE | 41,326 | 8,816 | |
Infineon Technologies AG | 37,200 | 1,355 | |
Merck KGaA | 65,438 | 11,721 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 20,288 | 7,612 | |
Siemens Healthineers AG (c) | 81,919 | 5,093 | |
TOTAL GERMANY | 85,370 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 706,200 | 1,665 | |
Hong Kong - 2.5% | |||
AIA Group Ltd. | 2,753,568 | 29,978 | |
Prudential PLC | 213,651 | 3,269 | |
Techtronic Industries Co. Ltd. | 318,233 | 3,443 | |
TOTAL HONG KONG | 36,690 | ||
India - 3.3% | |||
Axis Bank Ltd. | 402,300 | 4,251 | |
Fairfax India Holdings Corp. (a)(c) | 192,490 | 2,502 | |
HDFC Bank Ltd. | 955,342 | 19,773 | |
Housing Development Finance Corp. Ltd. | 385,987 | 13,165 | |
Reliance Industries Ltd. | 296,075 | 8,802 | |
TOTAL INDIA | 48,493 | ||
Indonesia - 1.1% | |||
PT Bank Central Asia Tbk | 12,484,194 | 7,726 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 21,723,053 | 7,570 | |
TOTAL INDONESIA | 15,296 | ||
Ireland - 0.9% | |||
CRH PLC | 54,800 | 2,644 | |
Kingspan Group PLC (Ireland) | 103,153 | 7,127 | |
Ryanair Holdings PLC sponsored ADR (a) | 37,504 | 3,585 | |
TOTAL IRELAND | 13,356 | ||
Israel - 0.7% | |||
NICE Ltd. sponsored ADR (a) | 46,824 | 9,553 | |
Italy - 1.3% | |||
FinecoBank SpA | 534,408 | 8,085 | |
Reply SpA | 11,805 | 1,372 | |
UniCredit SpA | 476,100 | 9,434 | |
TOTAL ITALY | 18,891 | ||
Japan - 15.6% | |||
Bandai Namco Holdings, Inc. | 64,200 | 1,458 | |
Daikin Industries Ltd. | 38,788 | 7,045 | |
FUJIFILM Holdings Corp. | 198,084 | 10,324 | |
Fujitsu Ltd. | 31,309 | 4,173 | |
Hitachi Ltd. | 381,498 | 21,102 | |
Hoya Corp. | 212,261 | 22,257 | |
Itochu Corp. | 442,729 | 14,687 | |
Keyence Corp. | 37,500 | 16,911 | |
Minebea Mitsumi, Inc. | 584,726 | 10,828 | |
Misumi Group, Inc. | 253,663 | 6,399 | |
Nomura Research Institute Ltd. | 159,346 | 4,009 | |
Olympus Corp. | 160,513 | 2,810 | |
ORIX Corp. | 513,916 | 8,743 | |
Persol Holdings Co. Ltd. | 346,021 | 7,135 | |
Relo Group, Inc. | 255,746 | 3,976 | |
Renesas Electronics Corp. (a) | 109,800 | 1,431 | |
Seven & i Holdings Co. Ltd. | 161,304 | 7,310 | |
Shin-Etsu Chemical Co. Ltd. | 674,010 | 19,233 | |
SMC Corp. | 24,503 | 12,221 | |
Sony Group Corp. | 205,112 | 18,557 | |
Sumitomo Mitsui Financial Group, Inc. | 231,451 | 9,460 | |
Suzuki Motor Corp. | 96,482 | 3,364 | |
TIS, Inc. | 214,471 | 5,889 | |
Tokyo Electron Ltd. | 90,777 | 10,394 | |
TOTAL JAPAN | 229,716 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 239,040 | 11,766 | |
Luxembourg - 0.5% | |||
Eurofins Scientific SA | 103,270 | 7,199 | |
Netherlands - 5.7% | |||
Adyen BV (a)(c) | 2,949 | 4,739 | |
Argenx SE (a) | 13,336 | 5,144 | |
ASML Holding NV (depository receipt) | 62,349 | 39,708 | |
BE Semiconductor Industries NV | 25,800 | 2,312 | |
IMCD NV | 74,849 | 11,233 | |
Wolters Kluwer NV | 150,349 | 19,905 | |
TOTAL NETHERLANDS | 83,041 | ||
Singapore - 0.1% | |||
Sea Ltd. ADR (a) | 16,900 | 1,287 | |
Spain - 1.9% | |||
Amadeus IT Holding SA Class A (a) | 52,200 | 3,669 | |
Banco Santander SA (Spain) (b) | 1,682,974 | 5,909 | |
CaixaBank SA | 2,084,578 | 7,716 | |
Industria de Diseno Textil SA (b) | 315,069 | 10,818 | |
TOTAL SPAIN | 28,112 | ||
Sweden - 2.0% | |||
Indutrade AB | 542,837 | 13,006 | |
Investor AB (B Shares) | 688,597 | 14,759 | |
Kry International AB (a)(d)(e) | 332 | 26 | |
Nibe Industrier AB (B Shares) | 85,414 | 954 | |
TOTAL SWEDEN | 28,745 | ||
Switzerland - 1.7% | |||
Compagnie Financiere Richemont SA Series A | 37,250 | 6,157 | |
Julius Baer Group Ltd. | 30,376 | 2,165 | |
Sika AG | 40,742 | 11,254 | |
Zurich Insurance Group Ltd. | 11,894 | 5,746 | |
TOTAL SWITZERLAND | 25,322 | ||
Taiwan - 1.1% | |||
ECLAT Textile Co. Ltd. | 94,000 | 1,496 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 179,657 | 15,145 | |
TOTAL TAIWAN | 16,641 | ||
United Kingdom - 12.3% | |||
AstraZeneca PLC (United Kingdom) | 170,506 | 25,092 | |
B&M European Value Retail SA | 1,796,664 | 10,831 | |
BAE Systems PLC | 1,503,483 | 19,154 | |
Beazley PLC | 581,628 | 4,353 | |
Big Yellow Group PLC | 248,901 | 3,829 | |
Compass Group PLC | 399,614 | 10,542 | |
Diageo PLC | 345,393 | 15,755 | |
Entain PLC | 206,243 | 3,743 | |
Games Workshop Group PLC | 18,700 | 2,331 | |
Hiscox Ltd. | 609,372 | 9,052 | |
JD Sports Fashion PLC | 2,543,278 | 5,148 | |
Lloyds Banking Group PLC | 5,972,767 | 3,629 | |
NatWest Group PLC | 1,036,000 | 3,413 | |
RELX PLC: | |||
(Euronext N.V.) | 690,555 | 22,919 | |
rights (a)(f) | 690,555 | 334 | |
Rentokil Initial PLC | 1,634,670 | 13,014 | |
S4 Capital PLC (a) | 622,837 | 1,144 | |
Smith & Nephew PLC | 562,319 | 9,261 | |
Standard Chartered PLC (United Kingdom) | 665,747 | 5,258 | |
Starling Bank Ltd. Series D (a)(d)(e) | 1,191,700 | 4,523 | |
WPP PLC | 666,447 | 7,767 | |
TOTAL UNITED KINGDOM | 181,092 | ||
United States of America - 11.5% | |||
Aon PLC | 22,702 | 7,382 | |
Booking Holdings, Inc. (a) | 585 | 1,571 | |
Experian PLC | 187,296 | 6,631 | |
Ferguson PLC | 91,939 | 12,935 | |
ICON PLC (a) | 33,630 | 6,480 | |
IQVIA Holdings, Inc. (a) | 30,852 | 5,807 | |
Linde PLC | 63,885 | 23,602 | |
Marsh & McLennan Companies, Inc. | 69,442 | 12,513 | |
Marvell Technology, Inc. | 186,502 | 7,363 | |
MasterCard, Inc. Class A | 23,908 | 9,086 | |
Nestle SA (Reg. S) | 272,401 | 34,946 | |
Roche Holding AG (participation certificate) | 49,843 | 15,608 | |
S&P Global, Inc. | 31,007 | 11,243 | |
Schlumberger Ltd. | 290,441 | 14,333 | |
TOTAL UNITED STATES OF AMERICA | 169,500 | ||
Zambia - 0.6% | |||
First Quantum Minerals Ltd. (b) | 333,033 | 8,092 | |
TOTAL COMMON STOCKS (Cost $930,544) | 1,384,964 | ||
Preferred Stocks - 0.4% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 0.4% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(d)(e) | 10,541 | 1,374 | |
United States of America - 0.3% | |||
Wasabi Holdings, Inc.: | |||
Series C (a)(d)(e) | 372,910 | 3,584 | |
Series D (d)(e) | 39,419 | 555 | |
4,139 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 5,513 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 1,920 | 150 | |
TOTAL PREFERRED STOCKS (Cost $8,229) | 5,663 | ||
Money Market Funds - 6.3% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 4.88% (g) | 66,640,731 | 66,654 | |
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h) | 26,777,938 | 26,781 | |
TOTAL MONEY MARKET FUNDS (Cost $93,435) | 93,435 | ||
TOTAL INVESTMENT IN SECURITIES - 101.0% (Cost $1,032,208) | 1,484,062 |
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (15,109) |
NET ASSETS - 100.0% | 1,468,953 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | 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 $12,334,000 or 0.8% of net assets. |
(d) | 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 $10,212,000 or 0.7% of net assets. |
(e) | Level 3 security |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Bolt Technology OU Series E | 1/03/22 | 2,739 |
Kry International AB | 5/14/21 | 144 |
Kry International AB Series E | 5/14/21 | 878 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 2,274 |
Wasabi Holdings, Inc. Series C | 3/31/21 | 4,052 |
Wasabi Holdings, Inc. Series D | 9/09/22 | 560 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 65,850 | 85,403 | 84,599 | 1,081 | - | - | 66,654 | 0.2% |
Fidelity Securities Lending Cash Central Fund 4.88% | 30,934 | 123,189 | 127,341 | 41 | - | (1) | 26,781 | 0.1% |
Total | 96,784 | 208,592 | 211,940 | 1,122 | - | (1) | 93,435 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 10,198 | 2,431 | 7,767 | - |
Consumer Discretionary | 146,662 | 40,761 | 105,901 | - |
Consumer Staples | 95,181 | 33,170 | 62,011 | - |
Energy | 57,787 | 48,985 | 8,802 | - |
Financials | 331,426 | 132,821 | 194,082 | 4,523 |
Health Care | 167,607 | 53,379 | 114,228 | - |
Industrials | 294,225 | 142,804 | 151,421 | - |
Information Technology | 187,444 | 114,953 | 66,802 | 5,689 |
Materials | 92,292 | 40,620 | 51,672 | - |
Real Estate | 7,805 | 3,829 | 3,976 | - |
Money Market Funds | 93,435 | 93,435 | - | - |
Total Investments in Securities: | 1,484,062 | 707,188 | 766,662 | 10,212 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | April 30, 2023 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $25,257) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $938,773) | $ | 1,390,627 | ||
Fidelity Central Funds (cost $93,435) | 93,435 | |||
Total Investment in Securities (cost $1,032,208) | $ | 1,484,062 | ||
Cash | 250 | |||
Foreign currency held at value (cost $1,548) | 1,548 | |||
Receivable for investments sold | 12,747 | |||
Receivable for fund shares sold | 471 | |||
Dividends receivable | 3,878 | |||
Reclaims receivable | 5,013 | |||
Distributions receivable from Fidelity Central Funds | 269 | |||
Prepaid expenses | 1 | |||
Other receivables | 45 | |||
Total assets | 1,508,284 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 8,374 | ||
Delayed delivery | 334 | |||
Payable for fund shares redeemed | 693 | |||
Accrued management fee | 791 | |||
Distribution and service plan fees payable | 172 | |||
Other affiliated payables | 248 | |||
Other payables and accrued expenses | 1,938 | |||
Collateral on securities loaned | 26,781 | |||
Total Liabilities | 39,331 | |||
Net Assets | $ | 1,468,953 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 991,878 | ||
Total accumulated earnings (loss) | 477,075 | |||
Net Assets | $ | 1,468,953 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($466,577 ÷ 19,116 shares) (a) | $ | 24.41 | ||
Maximum offering price per share (100/94.25 of $24.41) | $ | 25.90 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($135,706 ÷ 5,629 shares) (a) | $ | 24.11 | ||
Maximum offering price per share (100/96.50 of $24.11) | $ | 24.98 | ||
Class C : | ||||
Net Asset Value and offering price per share ($22,766 ÷ 990 shares) (a)(b) | $ | 22.99 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($503,735 ÷ 20,198 shares) | $ | 24.94 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($340,169 ÷ 13,667 shares) | $ | 24.89 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. | ||||
(b)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or shares |
Statement of Operations | ||||
Amounts in thousands | Six months ended April 30, 2023 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 14,001 | ||
Income from Fidelity Central Funds (including $41 from security lending) | 1,122 | |||
Income before foreign taxes withheld | $ | 15,123 | ||
Less foreign taxes withheld | (1,625) | |||
Total Income | 13,498 | |||
Expenses | ||||
Management fee | $ | 4,592 | ||
Transfer agent fees | 1,170 | |||
Distribution and service plan fees | 1,003 | |||
Accounting fees | 305 | |||
Custodian fees and expenses | 62 | |||
Independent trustees' fees and expenses | 5 | |||
Registration fees | 65 | |||
Audit | 297 | |||
Legal | 1 | |||
Miscellaneous | 3 | |||
Total expenses before reductions | 7,503 | |||
Expense reductions | (34) | |||
Total expenses after reductions | 7,469 | |||
Net Investment income (loss) | 6,029 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $346) | 26,344 | |||
Redemptions in-kind | 3,602 | |||
Foreign currency transactions | 110 | |||
Total net realized gain (loss) | 30,056 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $67) | 216,861 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 467 | |||
Total change in net unrealized appreciation (depreciation) | 217,327 | |||
Net gain (loss) | 247,383 | |||
Net increase (decrease) in net assets resulting from operations | $ | 253,412 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 6,029 | $ | 12,430 |
Net realized gain (loss) | 30,056 | 22,941 | ||
Change in net unrealized appreciation (depreciation) | 217,327 | (588,375) | ||
Net increase (decrease) in net assets resulting from operations | 253,412 | (553,004) | ||
Distributions to shareholders | (28,131) | (190,296) | ||
Share transactions - net increase (decrease) | (42,699) | 67,418 | ||
Total increase (decrease) in net assets | 182,582 | (675,882) | ||
Net Assets | ||||
Beginning of period | 1,286,371 | 1,962,253 | ||
End of period | $ | 1,468,953 | $ | 1,286,371 |
Fidelity Advisor® Diversified International Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.71 | $ | 32.52 | $ | 25.10 | $ | 23.28 | $ | 21.08 | $ | 23.43 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .16 | .09 | .04 | .21 | .21 | ||||||
Net realized and unrealized gain (loss) | 4.04 | (8.81) | 7.33 | 2.11 | 2.90 | (2.33) C | ||||||
Total from investment operations | 4.12 | (8.65) | 7.42 | 2.15 | 3.11 | (2.12) | ||||||
Distributions from net investment income | (.02) | (.31) | - | (.26) | (.17) | (.16) | ||||||
Distributions from net realized gain | (.40) | (2.85) | - | (.07) | (.74) | (.07) | ||||||
Total distributions | (.42) | (3.16) | - | (.33) | (.91) | (.23) | ||||||
Net asset value, end of period | $ | 24.41 | $ | 20.71 | $ | 32.52 | $ | 25.10 | $ | 23.28 | $ | 21.08 |
Total Return D,E,F | 20.06% | (29.28)% | 29.56% | 9.32% | 15.57% | (9.14)% C | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.20% I | 1.16% | 1.16% | 1.18% | 1.19% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.20% I | 1.16% | 1.15% | 1.18% | 1.19% | 1.19% | ||||||
Expenses net of all reductions | 1.20% I | 1.16% | 1.15% | 1.17% | 1.19% | 1.17% | ||||||
Net investment income (loss) | .72% I | .65% | .30% | .16% | .97% | .89% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 467 | $ | 400 | $ | 621 | $ | 514 | $ | 530 | $ | 463 |
Portfolio turnover rate J | 22% I,K | 20% | 30% | 30% | 37% K | 32% |
Fidelity Advisor® Diversified International Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.47 | $ | 32.17 | $ | 24.90 | $ | 23.10 | $ | 20.91 | $ | 23.24 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .10 | .01 | (.03) | .15 | .14 | ||||||
Net realized and unrealized gain (loss) | 3.99 | (8.72) | 7.26 | 2.10 | 2.88 | (2.31) C | ||||||
Total from investment operations | 4.04 | (8.62) | 7.27 | 2.07 | 3.03 | (2.17) | ||||||
Distributions from net investment income | - | (.23) | - | (.20) | (.11) | (.09) | ||||||
Distributions from net realized gain | (.40) | (2.85) | - | (.07) | (.74) | (.07) | ||||||
Total distributions | (.40) | (3.08) | - | (.27) | (.84) D | (.16) | ||||||
Net asset value, end of period | $ | 24.11 | $ | 20.47 | $ | 32.17 | $ | 24.90 | $ | 23.10 | $ | 20.91 |
Total Return E,F,G | 19.89% | (29.46)% | 29.20% | 9.04% | 15.27% | (9.40)% C | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.46% J | 1.42% | 1.41% | 1.45% | 1.46% | 1.46% | ||||||
Expenses net of fee waivers, if any | 1.46% J | 1.41% | 1.41% | 1.45% | 1.46% | 1.46% | ||||||
Expenses net of all reductions | 1.46% J | 1.41% | 1.41% | 1.44% | 1.46% | 1.44% | ||||||
Net investment income (loss) | .46% J | .39% | .04% | (.11)% | .70% | .62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 136 | $ | 118 | $ | 183 | $ | 159 | $ | 173 | $ | 175 |
Portfolio turnover rate K | 22% J,L | 20% | 30% | 30% | 37% L | 32% |
Fidelity Advisor® Diversified International Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.58 | $ | 30.84 | $ | 23.99 | $ | 22.20 | $ | 20.11 | $ | 22.35 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | (.04) | (.14) | (.14) | .04 | .03 | ||||||
Net realized and unrealized gain (loss) | 3.82 | (8.37) | 6.99 | 2.01 | 2.79 | (2.23) C | ||||||
Total from investment operations | 3.81 | (8.41) | 6.85 | 1.87 | 2.83 | (2.20) | ||||||
Distributions from net investment income | - | - | - | (.01) | - | - | ||||||
Distributions from net realized gain | (.40) | (2.85) | - | (.07) | (.74) | (.04) | ||||||
Total distributions | (.40) | (2.85) | - | (.08) | (.74) | (.04) | ||||||
Net asset value, end of period | $ | 22.99 | $ | 19.58 | $ | 30.84 | $ | 23.99 | $ | 22.20 | $ | 20.11 |
Total Return D,E,F | 19.62% | (29.88)% | 28.55% | 8.44% | 14.72% | (9.85)% C | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.01% I | 1.96% | 1.95% | 1.98% | 1.98% | 1.95% | ||||||
Expenses net of fee waivers, if any | 2.00% I | 1.96% | 1.95% | 1.98% | 1.98% | 1.95% | ||||||
Expenses net of all reductions | 2.00% I | 1.96% | 1.95% | 1.96% | 1.97% | 1.94% | ||||||
Net investment income (loss) | (.09)% I | (.16)% | (.50)% | (.64)% | .18% | .13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 23 | $ | 21 | $ | 39 | $ | 48 | $ | 59 | $ | 150 |
Portfolio turnover rate J | 22% I,K | 20% | 30% | 30% | 37% K | 32% |
Fidelity Advisor® Diversified International Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.19 | $ | 33.20 | $ | 25.57 | $ | 23.68 | $ | 21.44 | $ | 23.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .23 | .17 | .10 | .27 | .27 | ||||||
Net realized and unrealized gain (loss) | 4.13 | (9.00) | 7.47 | 2.16 | 2.95 | (2.37) C | ||||||
Total from investment operations | 4.24 | (8.77) | 7.64 | 2.26 | 3.22 | (2.10) | ||||||
Distributions from net investment income | (.09) | (.39) | (.01) | (.30) | (.24) | (.24) | ||||||
Distributions from net realized gain | (.40) | (2.85) | - | (.07) | (.74) | (.07) | ||||||
Total distributions | (.49) | (3.24) | (.01) | (.37) | (.98) | (.31) | ||||||
Net asset value, end of period | $ | 24.94 | $ | 21.19 | $ | 33.20 | $ | 25.57 | $ | 23.68 | $ | 21.44 |
Total Return D,E | 20.19% | (29.09)% | 29.87% | 9.63% | 15.89% | (8.94)% C | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .96% H | .91% | .90% | .92% | .92% | .92% | ||||||
Expenses net of fee waivers, if any | .96% H | .91% | .90% | .92% | .92% | .92% | ||||||
Expenses net of all reductions | .96% H | .91% | .90% | .91% | .91% | .91% | ||||||
Net investment income (loss) | .96% H | .90% | .55% | .42% | 1.24% | 1.16% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 504 | $ | 457 | $ | 725 | $ | 595 | $ | 583 | $ | 807 |
Portfolio turnover rate I | 22% H,J | 20% | 30% | 30% | 37% J | 32% |
Fidelity Advisor® Diversified International Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.18 | $ | 33.19 | $ | 25.55 | $ | 23.67 | $ | 21.44 | $ | 23.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .26 | .22 | .14 | .30 | .31 | ||||||
Net realized and unrealized gain (loss) | 4.12 | (8.98) | 7.46 | 2.15 | 2.94 | (2.37) C | ||||||
Total from investment operations | 4.25 | (8.72) | 7.68 | 2.29 | 3.24 | (2.06) | ||||||
Distributions from net investment income | (.14) | (.44) | (.04) | (.34) | (.28) | (.28) | ||||||
Distributions from net realized gain | (.40) | (2.85) | - | (.07) | (.74) | (.07) | ||||||
Total distributions | (.54) | (3.29) | (.04) | (.41) | (1.01) D | (.35) | ||||||
Net asset value, end of period | $ | 24.89 | $ | 21.18 | $ | 33.19 | $ | 25.55 | $ | 23.67 | $ | 21.44 |
Total Return E,F | 20.27% | (28.99)% | 30.10% | 9.78% | 16.04% | (8.78)% C | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .80% I | .76% | .76% | .77% | .77% | .78% | ||||||
Expenses net of fee waivers, if any | .79% I | .75% | .76% | .77% | .77% | .78% | ||||||
Expenses net of all reductions | .79% I | .75% | .76% | .76% | .77% | .76% | ||||||
Net investment income (loss) | 1.12% I | 1.05% | .70% | .57% | 1.39% | 1.30% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 340 | $ | 290 | $ | 393 | $ | 289 | $ | 274 | $ | 298 |
Portfolio turnover rate J | 22% I,K | 20% | 30% | 30% | 37% K | 32% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $471,058 |
Gross unrealized depreciation | (27,483) |
Net unrealized appreciation (depreciation) | $443,575 |
Tax cost | $1,040,487 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Diversified International Fund | 149,999 | 215,253 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Advisor Diversified International Fund | 450 | 3,602 | 10,041 | Class Z |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $561 | $12 |
Class M | .25% | .25% | 327 | 4 |
Class C | .75% | .25% | 115 | 11 |
$1,003 | $27 |
Retained by FDC | |
Class A | $36 |
Class M | 4 |
Class C A | 1 |
$41 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $442 | .20 |
Class M | 134 | .21 |
Class C | 29 | .25 |
Class I | 497 | .20 |
Class Z | 68 | .04 |
$1,170 |
% of Average Net Assets | |
Fidelity Advisor Diversified International Fund | .04 |
Amount | |
Fidelity Advisor Diversified International Fund | - A |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Diversified International Fund | 5,385 | 7,738 | 1,042 |
Amount | |
Fidelity Advisor Diversified International Fund | $1 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Diversified International Fund | $4 | $- | $- |
Expense reduction | |
Class M | $1 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Diversified International Fund | ||
Distributions to shareholders | ||
Class A | $8,055 | $59,821 |
Class M | 2,274 | 17,464 |
Class C | 428 | 3,600 |
Class I | 9,902 | 70,433 |
Class Z | 7,472 | 38,978 |
Total | $28,131 | $190,296 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Diversified International Fund | ||||
Class A | ||||
Shares sold | 665 | 1,088 | $15,339 | $27,140 |
Reinvestment of distributions | 336 | 1,965 | 7,596 | 56,205 |
Shares redeemed | (1,213) | (2,828) | (28,050) | (70,824) |
Net increase (decrease) | (212) | 225 | $(5,115) | $12,521 |
Class M | ||||
Shares sold | 158 | 225 | $3,619 | $5,610 |
Reinvestment of distributions | 100 | 606 | 2,237 | 17,157 |
Shares redeemed | (372) | (785) | (8,489) | (19,245) |
Net increase (decrease) | (114) | 46 | $(2,633) | $3,522 |
Class C | ||||
Shares sold | 54 | 112 | $1,189 | $2,679 |
Reinvestment of distributions | 19 | 131 | 416 | 3,566 |
Shares redeemed | (174) | (432) | (3,810) | (10,156) |
Net increase (decrease) | (101) | (189) | $(2,205) | $(3,911) |
Class I | ||||
Shares sold | 1,643 | 3,478 | $39,003 | $89,952 |
Reinvestment of distributions | 346 | 1,796 | 7,975 | 52,420 |
Shares redeemed | (3,373) | (5,540) | (79,706) | (138,177) |
Net increase (decrease) | (1,384) | (266) | $(32,728) | $4,195 |
Class Z | ||||
Shares sold | 1,465 | 2,807 | $34,567 | $69,476 |
Reinvestment of distributions | 307 | 1,264 | 7,055 | 36,834 |
Shares redeemed | (1,794) | (2,219) | (41,640) | (55,219) |
Net increase (decrease) | (22) | 1,852 | $(18) | $51,091 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Diversified International Fund | ||||||||||
Class A | 1.20% | |||||||||
Actual | $ 1,000 | $ 1,200.60 | $ 6.55 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.84 | $ 6.01 | |||||||
Class M | 1.46% | |||||||||
Actual | $ 1,000 | $ 1,198.90 | $ 7.96 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.55 | $ 7.30 | |||||||
Class C | 2.00% | |||||||||
Actual | $ 1,000 | $ 1,196.20 | $ 10.89 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.88 | $ 9.99 | |||||||
Class I | .96% | |||||||||
Actual | $ 1,000 | $ 1,201.90 | $ 5.24 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.03 | $ 4.81 | |||||||
Class Z | .79% | |||||||||
Actual | $ 1,000 | $ 1,202.70 | $ 4.31 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.88 | $ 3.96 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 4.4 | |
Microsoft Corp. (United States of America, Software) | 3.8 | |
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels) | 1.6 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.6 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 1.5 | |
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services) | 1.4 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.4 | |
Linde PLC (United States of America, Chemicals) | 1.4 | |
JPMorgan Chase & Co. (United States of America, Banks) | 1.3 | |
AstraZeneca PLC sponsored ADR (United Kingdom, Pharmaceuticals) | 1.3 | |
19.7 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 16.3 | |
Health Care | 12.2 | |
Consumer Staples | 11.0 | |
Financials | 8.8 | |
Industrials | 7.3 | |
Consumer Discretionary | 6.7 | |
Communication Services | 6.1 | |
Energy | 4.3 | |
Materials | 4.3 | |
Utilities | 3.2 | |
Real Estate | 1.1 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 81.4% | |||
Shares | Value ($) | ||
Belgium - 0.5% | |||
KBC Group NV | 4,733 | 337,847 | |
UCB SA | 1,854 | 172,464 | |
TOTAL BELGIUM | 510,311 | ||
Brazil - 0.7% | |||
Equatorial Energia SA | 122,001 | 668,733 | |
Canada - 2.9% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 24,335 | 1,214,550 | |
Canadian Natural Resources Ltd. | 10,786 | 657,263 | |
Constellation Software, Inc. | 182 | 356,225 | |
Imperial Oil Ltd. | 10,884 | 554,784 | |
Lumine Group, Inc. | 546 | 7,355 | |
Nutrien Ltd. | 2,109 | 146,308 | |
TOTAL CANADA | 2,936,485 | ||
China - 1.6% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 1,658 | 423,046 | |
NXP Semiconductors NV | 6,254 | 1,024,030 | |
SITC International Holdings Co. Ltd. | 93,861 | 173,613 | |
TOTAL CHINA | 1,620,689 | ||
Denmark - 0.7% | |||
A.P. Moller - Maersk A/S Series B | 171 | 309,092 | |
DSV A/S | 2,065 | 387,846 | |
TOTAL DENMARK | 696,938 | ||
Finland - 1.2% | |||
Elisa Corp. (A Shares) | 16,979 | 1,053,700 | |
Neste OYJ | 3,898 | 188,731 | |
TOTAL FINLAND | 1,242,431 | ||
France - 3.8% | |||
Airbus Group NV | 3,410 | 477,518 | |
Capgemini SA | 2,912 | 529,120 | |
Edenred SA | 12,641 | 820,704 | |
LVMH Moet Hennessy Louis Vuitton SE | 1,466 | 1,410,118 | |
Teleperformance | 994 | 198,028 | |
VINCI SA | 3,446 | 426,040 | |
TOTAL FRANCE | 3,861,528 | ||
Germany - 1.7% | |||
Deutsche Telekom AG | 29,741 | 717,108 | |
Rheinmetall AG | 1,555 | 454,922 | |
Siemens AG | 3,234 | 533,067 | |
TOTAL GERMANY | 1,705,097 | ||
Hong Kong - 0.8% | |||
AIA Group Ltd. | 63,046 | 686,387 | |
HKBN Ltd. | 218,744 | 154,357 | |
TOTAL HONG KONG | 840,744 | ||
India - 0.6% | |||
HDFC Bank Ltd. sponsored ADR | 2,949 | 205,840 | |
Redington (India) Ltd. | 70,886 | 146,710 | |
Reliance Industries Ltd. | 10,192 | 302,993 | |
TOTAL INDIA | 655,543 | ||
Japan - 5.2% | |||
Capcom Co. Ltd. | 9,715 | 365,066 | |
Daiichikosho Co. Ltd. | 36,474 | 653,914 | |
FUJIFILM Holdings Corp. | 3,032 | 158,028 | |
Hitachi Ltd. | 7,615 | 421,221 | |
Hoya Corp. | 6,063 | 635,736 | |
Inaba Denki Sangyo Co. Ltd. | 26,304 | 587,525 | |
Minebea Mitsumi, Inc. | 15,946 | 295,298 | |
Renesas Electronics Corp. (a) | 23,911 | 311,619 | |
Roland Corp. | 8,987 | 269,393 | |
Shin-Etsu Chemical Co. Ltd. | 13,080 | 373,249 | |
Sony Group Corp. | 9,645 | 872,619 | |
Toyota Motor Corp. | 28,183 | 386,954 | |
TOTAL JAPAN | 5,330,622 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 1,435,064 | 174,107 | |
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 17,594 | 866,040 | |
South Africa - 0.3% | |||
Anglo American PLC (United Kingdom) | 11,440 | 352,514 | |
Sweden - 0.3% | |||
HEXPOL AB (B Shares) | 24,593 | 289,455 | |
Switzerland - 0.4% | |||
Sika AG | 1,535 | 424,002 | |
Taiwan - 2.0% | |||
MediaTek, Inc. | 17,197 | 373,668 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 99,164 | 1,622,734 | |
TOTAL TAIWAN | 1,996,402 | ||
United Kingdom - 5.3% | |||
AstraZeneca PLC sponsored ADR | 18,267 | 1,337,510 | |
B&M European Value Retail SA | 85,856 | 517,594 | |
BAE Systems PLC | 28,547 | 363,688 | |
Compass Group PLC | 21,980 | 579,854 | |
Diageo PLC | 13,868 | 632,604 | |
JD Sports Fashion PLC | 137,076 | 277,441 | |
RELX PLC (London Stock Exchange) | 19,451 | 646,816 | |
RS GROUP PLC | 25,770 | 298,409 | |
Starling Bank Ltd. Series D (a)(b)(c) | 20,800 | 78,944 | |
Unilever PLC | 8,534 | 475,191 | |
WH Smith PLC | 12,950 | 256,167 | |
TOTAL UNITED KINGDOM | 5,464,218 | ||
United States of America - 52.4% | |||
AbbVie, Inc. | 5,477 | 827,684 | |
Accenture PLC Class A | 4,174 | 1,169,930 | |
Activision Blizzard, Inc. | 6,753 | 524,776 | |
Albertsons Companies, Inc. | 7,599 | 158,819 | |
Altria Group, Inc. | 4,200 | 199,542 | |
Amdocs Ltd. | 9,359 | 854,009 | |
Ameren Corp. | 6,455 | 574,301 | |
American Tower Corp. | 1,958 | 400,196 | |
Amgen, Inc. | 2,969 | 711,788 | |
Apple, Inc. | 26,495 | 4,495,672 | |
AT&T, Inc. | 10,338 | 182,672 | |
Ball Corp. | 3,097 | 164,698 | |
Bank of America Corp. | 36,324 | 1,063,567 | |
BJ's Wholesale Club Holdings, Inc. (a) | 8,889 | 678,853 | |
Bristol-Myers Squibb Co. | 9,744 | 650,607 | |
Capital One Financial Corp. | 6,472 | 629,726 | |
Chubb Ltd. | 2,968 | 598,230 | |
Cisco Systems, Inc. | 20,935 | 989,179 | |
Comcast Corp. Class A | 18,302 | 757,154 | |
Costco Wholesale Corp. | 1,091 | 549,013 | |
Crane Co. | 2,013 | 145,077 | |
Crane Nxt Co. | 2,013 | 95,336 | |
Crown Holdings, Inc. | 5,595 | 479,939 | |
Danaher Corp. | 4,902 | 1,161,333 | |
Dollar Tree, Inc. (a) | 6,324 | 972,062 | |
Dominion Energy, Inc. | 5,539 | 316,498 | |
Eli Lilly & Co. | 3,991 | 1,579,877 | |
Experian PLC | 4,819 | 170,616 | |
Exxon Mobil Corp. | 13,878 | 1,642,323 | |
Freeport-McMoRan, Inc. | 17,874 | 677,603 | |
GE Healthcare Holding LLC | 2,247 | 182,771 | |
General Electric Co. | 7,134 | 706,052 | |
Gilead Sciences, Inc. | 8,456 | 695,168 | |
H&R Block, Inc. | 11,962 | 405,631 | |
Hartford Financial Services Group, Inc. | 3,988 | 283,108 | |
Hess Corp. | 3,525 | 511,337 | |
Johnson Controls International PLC | 4,905 | 293,515 | |
JPMorgan Chase & Co. | 9,809 | 1,355,996 | |
Keurig Dr. Pepper, Inc. | 12,950 | 423,465 | |
Lamar Advertising Co. Class A | 6,953 | 734,793 | |
Linde PLC | 3,779 | 1,396,152 | |
M&T Bank Corp. | 3,493 | 439,419 | |
McDonald's Corp. | 2,778 | 821,594 | |
Merck & Co., Inc. | 7,986 | 922,143 | |
Microsoft Corp. | 12,772 | 3,924,325 | |
Mondelez International, Inc. | 9,486 | 727,766 | |
MSCI, Inc. | 467 | 225,304 | |
Nestle SA (Reg. S) | 6,943 | 890,715 | |
NextEra Energy, Inc. | 9,045 | 693,118 | |
PG&E Corp. (a) | 8,993 | 153,870 | |
Philip Morris International, Inc. | 4,986 | 498,450 | |
Phillips 66 Co. | 3,547 | 351,153 | |
PNC Financial Services Group, Inc. | 5,928 | 772,122 | |
Procter & Gamble Co. | 6,355 | 993,795 | |
Roche Holding AG (participation certificate) | 4,075 | 1,276,046 | |
Sanofi SA | 8,599 | 926,699 | |
T-Mobile U.S., Inc. (a) | 7,402 | 1,065,148 | |
Target Corp. | 2,901 | 457,633 | |
The Coca-Cola Co. | 14,585 | 935,628 | |
The Travelers Companies, Inc. | 3,896 | 705,721 | |
TJX Companies, Inc. | 12,632 | 995,654 | |
United Parcel Service, Inc. Class B | 2,246 | 403,853 | |
UnitedHealth Group, Inc. | 2,951 | 1,452,158 | |
Valero Energy Corp. | 2,606 | 298,830 | |
Verizon Communications, Inc. | 19,412 | 753,768 | |
Vistra Corp. | 18,418 | 439,453 | |
Walmart, Inc. | 6,349 | 958,509 | |
WEC Energy Group, Inc. | 2,794 | 268,699 | |
Wells Fargo & Co. | 20,335 | 808,316 | |
TOTAL UNITED STATES OF AMERICA | 53,568,957 | ||
Zambia - 0.0% | |||
First Quantum Minerals Ltd. | 300 | 7,289 | |
TOTAL COMMON STOCKS (Cost $71,619,715) | 83,212,105 | ||
Money Market Funds - 18.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) (Cost $18,846,377) | 18,842,608 | 18,846,377 | |
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $90,466,092) | 102,058,482 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 220,691 |
NET ASSETS - 100.0% | 102,279,173 |
(a) | Non-income producing |
(b) | 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 $78,944 or 0.1% of net assets. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 40,298 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 3,668,251 | 43,411,567 | 28,233,441 | 148,668 | - | - | 18,846,377 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 2,120,635 | 2,120,635 | 22 | - | - | - | 0.0% |
Total | 3,668,251 | 45,532,202 | 30,354,076 | 148,690 | - | - | 18,846,377 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 6,401,770 | 4,511,325 | 1,890,445 | - |
Consumer Discretionary | 6,793,019 | 3,274,081 | 3,518,938 | - |
Consumer Staples | 11,189,641 | 8,768,085 | 2,421,556 | - |
Energy | 4,507,414 | 4,204,421 | 302,993 | - |
Financials | 9,011,231 | 8,245,900 | 686,387 | 78,944 |
Health Care | 12,531,984 | 9,693,503 | 2,838,481 | - |
Industrials | 7,387,532 | 4,055,894 | 3,331,638 | - |
Information Technology | 16,828,644 | 13,349,845 | 3,478,799 | - |
Materials | 4,311,209 | 3,161,444 | 1,149,765 | - |
Real Estate | 1,134,989 | 1,134,989 | - | - |
Utilities | 3,114,672 | 3,114,672 | - | - |
Money Market Funds | 18,846,377 | 18,846,377 | - | - |
Total Investments in Securities: | 102,058,482 | 82,360,536 | 19,619,002 | 78,944 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $71,619,715) | $ | 83,212,105 | ||
Fidelity Central Funds (cost $18,846,377) | 18,846,377 | |||
Total Investment in Securities (cost $90,466,092) | $ | 102,058,482 | ||
Cash | 8,019 | |||
Foreign currency held at value (cost $12,809) | 12,689 | |||
Receivable for fund shares sold | 68,678 | |||
Dividends receivable | 142,965 | |||
Reclaims receivable | 61,369 | |||
Distributions receivable from Fidelity Central Funds | 58,193 | |||
Prepaid expenses | 18 | |||
Receivable from investment adviser for expense reductions | 21,065 | |||
Total assets | 102,431,478 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,287 | ||
Payable for fund shares redeemed | 21,096 | |||
Accrued management fee | 54,744 | |||
Transfer agent fee payable | 10,172 | |||
Distribution and service plan fees payable | 12,285 | |||
Other affiliated payables | 4,035 | |||
Deferred taxes | 8,515 | |||
Audit fee payable | 29,294 | |||
Other payables and accrued expenses | 4,877 | |||
Total Liabilities | 152,305 | |||
Net Assets | $ | 102,279,173 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 91,251,103 | ||
Total accumulated earnings (loss) | 11,028,070 | |||
Net Assets | $ | 102,279,173 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($18,758,591 ÷ 1,008,341 shares) (a) | $ | 18.60 | ||
Maximum offering price per share (100/94.25 of $18.60) | $ | 19.73 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($12,055,755 ÷ 648,636 shares) (a) | $ | 18.59 | ||
Maximum offering price per share (100/96.50 of $18.59) | $ | 19.26 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,356,613 ÷ 236,846 shares) (a) | $ | 18.39 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($24,178,482 ÷ 1,298,294 shares) | $ | 18.62 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($42,929,732 ÷ 2,290,387 shares) | $ | 18.74 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,016,343 | ||
Income from Fidelity Central Funds (including $22 from security lending) | 148,690 | |||
Income before foreign taxes withheld | $ | 1,165,033 | ||
Less foreign taxes withheld | (64,216) | |||
Total Income | 1,100,817 | |||
Expenses | ||||
Management fee | $ | 268,395 | ||
Transfer agent fees | 56,822 | |||
Distribution and service plan fees | 69,769 | |||
Accounting fees | 19,765 | |||
Custodian fees and expenses | 9,834 | |||
Independent trustees' fees and expenses | 197 | |||
Registration fees | 52,659 | |||
Audit | 41,794 | |||
Legal | 249 | |||
Miscellaneous | 124 | |||
Total expenses before reductions | 519,608 | |||
Expense reductions | (54,190) | |||
Total expenses after reductions | 465,418 | |||
Net Investment income (loss) | 635,399 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $7,160) | (357,351) | |||
Foreign currency transactions | (11,829) | |||
Total net realized gain (loss) | (369,180) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $8,354) | 6,786,447 | |||
Assets and liabilities in foreign currencies | 2,440 | |||
Total change in net unrealized appreciation (depreciation) | 6,788,887 | |||
Net gain (loss) | 6,419,707 | |||
Net increase (decrease) in net assets resulting from operations | $ | 7,055,106 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 635,399 | $ | 324,981 |
Net realized gain (loss) | (369,180) | (476,484) | ||
Change in net unrealized appreciation (depreciation) | 6,788,887 | (4,969,189) | ||
Net increase (decrease) in net assets resulting from operations | 7,055,106 | (5,120,692) | ||
Distributions to shareholders | (347,380) | (3,032,586) | ||
Share transactions - net increase (decrease) | 39,579,383 | 29,771,568 | ||
Total increase (decrease) in net assets | 46,287,109 | 21,618,290 | ||
Net Assets | ||||
Beginning of period | 55,992,064 | 34,373,774 | ||
End of period | $ | 102,279,173 | $ | 55,992,064 |
Fidelity Advisor® Global Equity Income Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.01 | $ | 21.07 | $ | 15.95 | $ | 15.33 | $ | 13.86 | $ | 14.63 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .15 | .10 | .13 | .19 | .19 | ||||||
Net realized and unrealized gain (loss) | 1.53 | (2.41) | 5.32 | .61 | 1.76 | (.52) | ||||||
Total from investment operations | 1.66 | (2.26) | 5.42 | .74 | 1.95 | (.33) | ||||||
Distributions from net investment income | (.07) | (.11) | (.10) C | (.12) | (.20) | (.18) | ||||||
Distributions from net realized gain | - | (1.69) | (.20) C | - | (.28) | (.26) | ||||||
Total distributions | (.07) | (1.80) | (.30) | (.12) | (.48) | (.44) | ||||||
Net asset value, end of period | $ | 18.60 | $ | 17.01 | $ | 21.07 | $ | 15.95 | $ | 15.33 | $ | 13.86 |
Total Return D,E,F | 9.79% | (11.78)% | 34.23% | 4.87% | 14.52% | (2.41)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.45% I | 1.54% | 1.72% | 1.97% | 2.18% | 1.91% | ||||||
Expenses net of fee waivers, if any | 1.30% I | 1.30% | 1.34% | 1.39% | 1.45% | 1.45% | ||||||
Expenses net of all reductions | 1.29% I | 1.30% | 1.34% | 1.38% | 1.45% | 1.44% | ||||||
Net investment income (loss) | 1.49% I | .81% | .49% | .81% | 1.32% | 1.33% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 18,759 | $ | 16,093 | $ | 12,640 | $ | 8,362 | $ | 8,314 | $ | 8,427 |
Portfolio turnover rate J | 29% I | 17% | 40% | 52% | 18% K | 37% |
Fidelity Advisor® Global Equity Income Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.00 | $ | 21.05 | $ | 15.94 | $ | 15.32 | $ | 13.85 | $ | 14.62 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .10 | .05 | .09 | .15 | .16 | ||||||
Net realized and unrealized gain (loss) | 1.53 | (2.40) | 5.31 | .61 | 1.76 | (.53) | ||||||
Total from investment operations | 1.64 | (2.30) | 5.36 | .70 | 1.91 | (.37) | ||||||
Distributions from net investment income | (.05) | (.05) | (.06) C | (.08) | (.16) | (.14) | ||||||
Distributions from net realized gain | - | (1.69) | (.20) C | - | (.28) | (.26) | ||||||
Total distributions | (.05) | (1.75) D | (.25) D | (.08) | (.44) | (.40) | ||||||
Net asset value, end of period | $ | 18.59 | $ | 17.00 | $ | 21.05 | $ | 15.94 | $ | 15.32 | $ | 13.85 |
Total Return E,F,G | 9.67% | (11.98)% | 33.89% | 4.63% | 14.23% | (2.64)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.67% J | 1.76% | 1.95% | 2.24% | 2.49% | 2.21% | ||||||
Expenses net of fee waivers, if any | 1.54% J | 1.55% | 1.60% | 1.64% | 1.70% | 1.70% | ||||||
Expenses net of all reductions | 1.54% J | 1.55% | 1.60% | 1.63% | 1.70% | 1.69% | ||||||
Net investment income (loss) | 1.24% J | .56% | .23% | .56% | 1.07% | 1.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,056 | $ | 8,535 | $ | 8,442 | $ | 3,545 | $ | 3,135 | $ | 3,279 |
Portfolio turnover rate K | 29% J | 17% | 40% | 52% | 18% L | 37% |
Fidelity Advisor® Global Equity Income Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.82 | $ | 20.88 | $ | 15.84 | $ | 15.24 | $ | 13.77 | $ | 14.57 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .01 | (.05) | .01 | .08 | .08 | ||||||
Net realized and unrealized gain (loss) | 1.51 | (2.39) | 5.28 | .62 | 1.75 | (.53) | ||||||
Total from investment operations | 1.58 | (2.38) | 5.23 | .63 | 1.83 | (.45) | ||||||
Distributions from net investment income | (.01) | (.02) | - C,D | (.03) | (.09) | (.09) | ||||||
Distributions from net realized gain | - | (1.66) | (.19) D | - | (.28) | (.26) | ||||||
Total distributions | (.01) | (1.68) | (.19) | (.03) | (.36) E | (.35) | ||||||
Net asset value, end of period | $ | 18.39 | $ | 16.82 | $ | 20.88 | $ | 15.84 | $ | 15.24 | $ | 13.77 |
Total Return F,G,H | 9.37% | (12.46)% | 33.22% | 4.12% | 13.71% | (3.22)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 2.21% K | 2.31% | 2.47% | 2.75% | 2.99% | 2.72% | ||||||
Expenses net of fee waivers, if any | 2.05% K | 2.05% | 2.09% | 2.14% | 2.20% | 2.20% | ||||||
Expenses net of all reductions | 2.05% K | 2.05% | 2.09% | 2.13% | 2.20% | 2.19% | ||||||
Net investment income (loss) | .74% K | .06% | (.26)% | .06% | .57% | .58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,357 | $ | 4,437 | $ | 5,891 | $ | 4,082 | $ | 4,173 | $ | 4,340 |
Portfolio turnover rate L | 29% K | 17% | 40% | 52% | 18% M | 37% |
Fidelity Advisor® Global Equity Income Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.03 | $ | 21.09 | $ | 15.96 | $ | 15.35 | $ | 13.88 | $ | 14.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .19 | .15 | .17 | .22 | .23 | ||||||
Net realized and unrealized gain (loss) | 1.52 | (2.40) | 5.32 | .60 | 1.77 | (.53) | ||||||
Total from investment operations | 1.68 | (2.21) | 5.47 | .77 | 1.99 | (.30) | ||||||
Distributions from net investment income | (.09) | (.15) | (.15) C | (.16) | (.24) | (.22) | ||||||
Distributions from net realized gain | - | (1.69) | (.20) C | - | (.28) | (.26) | ||||||
Total distributions | (.09) | (1.85) D | (.34) D | (.16) | (.52) | (.48) | ||||||
Net asset value, end of period | $ | 18.62 | $ | 17.03 | $ | 21.09 | $ | 15.96 | $ | 15.35 | $ | 13.88 |
Total Return E,F | 9.90% | (11.53)% | 34.59% | 5.08% | 14.84% | (2.20)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.15% I | 1.15% | 1.37% | 1.63% | 1.83% | 1.51% | ||||||
Expenses net of fee waivers, if any | 1.05% I | 1.04% | 1.07% | 1.13% | 1.20% | 1.20% | ||||||
Expenses net of all reductions | 1.05% I | 1.04% | 1.07% | 1.12% | 1.20% | 1.19% | ||||||
Net investment income (loss) | 1.74% I | 1.06% | .75% | 1.06% | 1.57% | 1.58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 24,178 | $ | 16,953 | $ | 2,823 | $ | 2,378 | $ | 2,188 | $ | 2,493 |
Portfolio turnover rate J | 29% I | 17% | 40% | 52% | 18% K | 37% |
Fidelity Advisor® Global Equity Income Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.13 | $ | 21.18 | $ | 16.01 | $ | 15.37 | $ | 13.88 | $ | 14.88 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .17 | .22 | .18 | .19 | .25 | .01 | ||||||
Net realized and unrealized gain (loss) | 1.54 | (2.42) | 5.34 | .61 | 1.76 | (.94) | ||||||
Total from investment operations | 1.71 | (2.20) | 5.52 | .80 | 2.01 | (.93) | ||||||
Distributions from net investment income | (.10) | (.16) | (.15) D | (.16) | (.24) | (.07) | ||||||
Distributions from net realized gain | - | (1.69) | (.20) D | - | (.28) | - | ||||||
Total distributions | (.10) | (1.85) | (.35) | (.16) | (.52) | (.07) | ||||||
Net asset value, end of period | $ | 18.74 | $ | 17.13 | $ | 21.18 | $ | 16.01 | $ | 15.37 | $ | 13.88 |
Total Return E,F | 10.00% | (11.41)% | 34.75% | 5.29% | 15.00% | (6.31)% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | 1.05% I | 1.09% | 1.29% | 1.50% | 1.37% | 1.08% I | ||||||
Expenses net of fee waivers, if any | .89% I | .89% | .93% | .98% | 1.04% | 1.05% I | ||||||
Expenses net of all reductions | .89% I | .89% | .93% | .97% | 1.04% | 1.04% I | ||||||
Net investment income (loss) | 1.89% I | 1.21% | .90% | 1.21% | 1.73% | .45% I | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 42,930 | $ | 9,974 | $ | 4,579 | $ | 3,354 | $ | 3,599 | $ | 94 |
Portfolio turnover rate J | 29% I | 17% | 40% | 52% | 18% K | 37% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $14,312,658 |
Gross unrealized depreciation | (2,953,356) |
Net unrealized appreciation (depreciation) | $11,359,302 |
Tax cost | $90,699,180 |
Short-term | $(332,161) |
Long-term | (97,488) |
Total capital loss carryforward | $(429,649) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Global Equity Income Fund | 34,981,466 | 10,436,629 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $22,255 | $2,230 |
Class M | .25% | .25% | 24,654 | 282 |
Class C | .75% | .25% | 22,860 | 2,342 |
$69,769 | $4,854 |
Retained by FDC | |
Class A | $12,625 |
Class M | 942 |
Class C A | 774 |
$14,341 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $18,517 | .21 |
Class M | 8,771 | .18 |
Class C | 5,072 | .22 |
Class I | 19,752 | .16 |
Class Z | 4,710 | .04 |
$56,822 |
% of Average Net Assets | |
Fidelity Advisor Global Equity Income Fund | .05 |
Amount | |
Fidelity Advisor Global Equity Income Fund | $165 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Global Equity Income Fund | 2,288,816 | 2,308,727 | 50,239 |
Amount | |
Fidelity Advisor Global Equity Income Fund | $71 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Global Equity Income Fund | $2 | $- | $- |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $12,903 |
Class M | 1.55% | 5,852 |
Class C | 2.05% | 3,592 |
Class I | 1.05% | 12,480 |
Class Z | .90% | 17,141 |
$51,968 |
Expense reduction | |
Class A | $108 |
Class M | 69 |
Class C | 12 |
$189 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Global Equity Income Fund | ||
Distributions to shareholders | ||
Class A | $71,132 | $1,161,549 |
Class M | 28,290 | 727,027 |
Class C | 1,569 | 438,290 |
Class I | 108,411 | 304,398 |
Class Z | 137,978 | 401,322 |
Total | $347,380 | $ 3,032,586 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Global Equity Income Fund | ||||
Class A | ||||
Shares sold | 257,694 | 422,904 | $4,654,368 | $7,682,449 |
Reinvestment of distributions | 3,950 | 58,695 | 70,966 | 1,140,971 |
Shares redeemed | (199,392) | (135,332) | (3,614,287) | (2,463,385) |
Net increase (decrease) | 62,252 | 346,267 | $1,111,047 | $6,360,035 |
Class M | ||||
Shares sold | 189,615 | 187,839 | $3,422,332 | $3,454,901 |
Reinvestment of distributions | 1,573 | 37,279 | 28,272 | 726,929 |
Shares redeemed | (44,734) | (123,934) | (799,968) | (2,223,736) |
Net increase (decrease) | 146,454 | 101,184 | $2,650,636 | $1,958,094 |
Class C | ||||
Shares sold | 18,515 | 51,783 | $328,982 | $965,694 |
Reinvestment of distributions | 90 | 22,518 | 1,568 | 437,451 |
Shares redeemed | (45,558) | (92,657) | (807,066) | (1,755,261) |
Net increase (decrease) | (26,953) | (18,356) | $(476,516) | $(352,116) |
Class I | ||||
Shares sold | 994,668 | 928,989 | $17,850,183 | $16,746,678 |
Reinvestment of distributions | 5,829 | 13,473 | 104,789 | 251,798 |
Shares redeemed | (697,919) | (80,579) | (12,666,651) | (1,470,040) |
Net increase (decrease) | 302,578 | 861,883 | $5,288,321 | $15,528,436 |
Class Z | ||||
Shares sold | 1,873,456 | 434,610 | $34,022,147 | $7,540,263 |
Reinvestment of distributions | 7,403 | 19,889 | 135,158 | 385,895 |
Shares redeemed | (172,766) | (88,338) | (3,151,410) | (1,649,039) |
Net increase (decrease) | 1,708,093 | 366,161 | $31,005,895 | $6,277,119 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Global Equity Income Fund | ||||||||||
Class A | 1.30% | |||||||||
Actual | $ 1,000 | $ 1,097.90 | $ 6.76 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.35 | $ 6.51 | |||||||
Class M | 1.54% | |||||||||
Actual | $ 1,000 | $ 1,096.70 | $ 8.01 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.16 | $ 7.70 | |||||||
Class C | 2.05% | |||||||||
Actual | $ 1,000 | $ 1,093.70 | $ 10.64 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.63 | $ 10.24 | |||||||
Class I | 1.05% | |||||||||
Actual | $ 1,000 | $ 1,099.00 | $ 5.46 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.59 | $ 5.26 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 1,100.00 | $ 4.63 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.38 | $ 4.46 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Tencent Holdings Ltd. (China, Interactive Media & Services) | 8.7 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 7.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 7.7 | |
China Life Insurance Co. Ltd. (H Shares) (China, Insurance) | 4.7 | |
Housing Development Finance Corp. Ltd. (India, Financial Services) | 4.0 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.2 | |
Haier Smart Home Co. Ltd. (A Shares) (China, Household Durables) | 3.0 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 2.9 | |
Korea Aerospace Industries Ltd. (Korea (South), Aerospace & Defense) | 2.3 | |
National Bank of Greece SA (Greece, Banks) | 2.3 | |
46.6 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.0 | |
Information Technology | 18.4 | |
Consumer Discretionary | 17.4 | |
Industrials | 11.1 | |
Communication Services | 10.3 | |
Materials | 9.3 | |
Health Care | 5.1 | |
Consumer Staples | 2.2 | |
Energy | 2.0 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.7% | |||
Shares | Value ($) | ||
Brazil - 1.6% | |||
Localiza Rent a Car SA | 4,187,862 | 48,706,419 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 18,738 | 64,466 | |
TOTAL BRAZIL | 48,770,885 | ||
Canada - 2.0% | |||
Barrick Gold Corp. | 3,230,300 | 61,504,912 | |
Chile - 1.4% | |||
Antofagasta PLC | 2,413,200 | 44,293,885 | |
China - 36.1% | |||
Alibaba Group Holding Ltd. (a) | 9,210,100 | 97,384,160 | |
BeiGene Ltd. ADR (a)(b) | 186,400 | 47,524,544 | |
China Life Insurance Co. Ltd. (H Shares) | 75,487,000 | 145,022,267 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 53,604,000 | 33,455,172 | |
Haier Smart Home Co. Ltd. (A Shares) | 26,598,377 | 91,455,637 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 27,872,000 | 50,846,977 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 115,591,000 | 62,188,451 | |
JD.com, Inc. Class A | 2,770,437 | 49,446,330 | |
Li Ning Co. Ltd. | 4,277,500 | 30,591,047 | |
Meituan Class B (a)(c) | 5,284,540 | 90,315,205 | |
Shangri-La Asia Ltd. (a) | 27,156,000 | 25,051,817 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 5,786,684 | 51,830,805 | |
Sunny Optical Technology Group Co. Ltd. | 3,713,400 | 39,240,647 | |
Tencent Holdings Ltd. | 6,010,100 | 266,945,300 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 2,333,447 | 24,981,024 | |
TOTAL CHINA | 1,106,279,383 | ||
Greece - 2.3% | |||
National Bank of Greece SA (a) | 13,234,121 | 69,121,893 | |
Hong Kong - 0.6% | |||
Pacific Basin Shipping Ltd. | 48,269,000 | 16,795,510 | |
Hungary - 1.8% | |||
Richter Gedeon PLC | 2,235,408 | 53,945,339 | |
India - 11.7% | |||
Axis Bank Ltd. | 5,210,700 | 55,061,716 | |
Bharat Heavy Electricals Ltd. | 36,332,600 | 34,997,660 | |
Housing Development Finance Corp. Ltd. | 3,601,098 | 122,825,549 | |
Larsen & Toubro Ltd. | 2,168,100 | 62,924,929 | |
Shree Cement Ltd. | 143,583 | 42,856,388 | |
Solar Industries India Ltd. | 867,450 | 40,683,558 | |
TOTAL INDIA | 359,349,800 | ||
Indonesia - 0.8% | |||
PT United Tractors Tbk | 11,912,400 | 23,515,986 | |
Korea (South) - 14.1% | |||
Hyundai Mipo Dockyard Co. Ltd. (a) | 398,422 | 21,940,060 | |
Hyundai Motor Co. Ltd. | 390,860 | 57,920,758 | |
Korea Aerospace Industries Ltd. | 1,725,558 | 70,906,892 | |
POSCO | 158,110 | 44,763,598 | |
Samsung Electronics Co. Ltd. | 4,790,501 | 235,805,645 | |
TOTAL KOREA (SOUTH) | 431,336,953 | ||
Mexico - 2.2% | |||
Grupo Financiero Banorte S.A.B. de CV Series O | 2,864,500 | 24,771,126 | |
Wal-Mart de Mexico SA de CV Series V | 10,806,900 | 43,571,411 | |
TOTAL MEXICO | 68,342,537 | ||
Peru - 1.7% | |||
Credicorp Ltd. (United States) | 392,300 | 53,148,804 | |
Russia - 0.2% | |||
LUKOIL PJSC sponsored ADR (a)(d) | 782,000 | 221,220 | |
Sberbank of Russia sponsored ADR (a)(d) | 3,242,100 | 57,709 | |
Yandex NV Series A (a)(d) | 798,300 | 6,067,080 | |
TOTAL RUSSIA | 6,346,009 | ||
South Africa - 4.6% | |||
Absa Group Ltd. (b) | 4,700,200 | 45,644,036 | |
Impala Platinum Holdings Ltd. | 5,248,200 | 51,095,436 | |
MTN Group Ltd. | 6,380,192 | 44,756,389 | |
TOTAL SOUTH AFRICA | 141,495,861 | ||
Taiwan - 12.3% | |||
ECLAT Textile Co. Ltd. | 3,700,000 | 58,881,450 | |
HIWIN Technologies Corp. | 4,149,159 | 31,848,229 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 14,655,554 | 239,825,671 | |
Yageo Corp. | 2,938,237 | 47,598,329 | |
TOTAL TAIWAN | 378,153,679 | ||
Thailand - 1.3% | |||
Kasikornbank PCL (For. Reg.) | 11,121,800 | 40,838,310 | |
TOTAL COMMON STOCKS (Cost $3,016,870,675) | 2,903,239,746 | ||
Nonconvertible Preferred Stocks - 3.1% | |||
Shares | Value ($) | ||
Brazil - 3.1% | |||
Itau Unibanco Holding SA | 10,998,880 | 57,157,659 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 3,488,978 | 37,052,946 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $83,498,727) | 94,210,605 | ||
Money Market Funds - 4.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) | 72,800,341 | 72,814,901 | |
Fidelity Securities Lending Cash Central Fund 4.88% (e)(f) | 65,169,018 | 65,175,535 | |
TOTAL MONEY MARKET FUNDS (Cost $137,990,436) | 137,990,436 | ||
TOTAL INVESTMENT IN SECURITIES - 102.3% (Cost $3,238,359,838) | 3,135,440,787 |
NET OTHER ASSETS (LIABILITIES) - (2.3)% | (70,357,878) |
NET ASSETS - 100.0% | 3,065,082,909 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | 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 $141,162,182 or 4.6% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 6,565,053 | 987,972,043 | 921,722,195 | 1,827,296 | - | - | 72,814,901 | 0.2% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 122,033,772 | 56,858,237 | 65,280 | - | - | 65,175,535 | 0.2% |
Total | 6,565,053 | 1,110,005,815 | 978,580,432 | 1,892,576 | - | - | 137,990,436 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 317,768,769 | 44,756,389 | 266,945,300 | 6,067,080 |
Consumer Discretionary | 534,501,576 | - | 534,501,576 | - |
Consumer Staples | 68,552,435 | 43,571,411 | 24,981,024 | - |
Energy | 60,790,152 | 37,052,946 | 23,515,986 | 221,220 |
Financials | 675,837,520 | 249,843,518 | 425,936,293 | 57,709 |
Health Care | 152,316,860 | 101,469,883 | 50,846,977 | - |
Industrials | 340,014,970 | 48,770,885 | 291,244,085 | - |
Information Technology | 562,470,292 | - | 562,470,292 | - |
Materials | 285,197,777 | 105,798,797 | 179,398,980 | - |
Money Market Funds | 137,990,436 | 137,990,436 | - | - |
Total Investments in Securities: | 3,135,440,787 | 769,254,265 | 2,359,840,513 | 6,346,009 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $62,507,759) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,100,369,402) | $ | 2,997,450,351 | ||
Fidelity Central Funds (cost $137,990,436) | 137,990,436 | |||
Total Investment in Securities (cost $3,238,359,838) | $ | 3,135,440,787 | ||
Foreign currency held at value (cost $7,931) | 7,912 | |||
Receivable for investments sold | 1,096,975 | |||
Receivable for fund shares sold | 11,893,936 | |||
Dividends receivable | 14,150,252 | |||
Distributions receivable from Fidelity Central Funds | 384,151 | |||
Prepaid expenses | 782 | |||
Other receivables | 392,930 | |||
Total assets | 3,163,367,725 | |||
Liabilities | ||||
Payable for investments purchased | $ | 20,939,915 | ||
Payable for fund shares redeemed | 1,298,417 | |||
Accrued management fee | 1,944,557 | |||
Distribution and service plan fees payable | 63,351 | |||
Other affiliated payables | 384,687 | |||
Deferred taxes | 8,041,425 | |||
Other payables and accrued expenses | 436,929 | |||
Collateral on securities loaned | 65,175,535 | |||
Total Liabilities | 98,284,816 | |||
Net Assets | $ | 3,065,082,909 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,375,055,673 | ||
Total accumulated earnings (loss) | (309,972,764) | |||
Net Assets | $ | 3,065,082,909 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($145,470,460 ÷ 5,296,148 shares) (a) | $ | 27.47 | ||
Maximum offering price per share (100/94.25 of $27.47) | $ | 29.15 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($33,465,154 ÷ 1,232,025 shares) (a) | $ | 27.16 | ||
Maximum offering price per share (100/96.50 of $27.16) | $ | 28.15 | ||
Class C : | ||||
Net Asset Value and offering price per share ($22,275,529 ÷ 872,195 shares) (a) | $ | 25.54 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($1,483,997,768 ÷ 53,752,927 shares) | $ | 27.61 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($1,379,873,998 ÷ 50,098,563 shares) | $ | 27.54 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 31,050,191 | ||
Non-Cash dividends | 10,384,761 | |||
Income from Fidelity Central Funds (including $65,280 from security lending) | 1,892,576 | |||
Income before foreign taxes withheld | $ | 43,327,528 | ||
Less foreign taxes withheld | (3,300,120) | |||
Total Income | 40,027,408 | |||
Expenses | ||||
Management fee | $ | 9,526,808 | ||
Transfer agent fees | 1,389,988 | |||
Distribution and service plan fees | 377,177 | |||
Accounting fees | 510,526 | |||
Custodian fees and expenses | 253,341 | |||
Independent trustees' fees and expenses | 6,832 | |||
Registration fees | 158,335 | |||
Audit | 47,319 | |||
Legal | 1,827 | |||
Miscellaneous | 4,583 | |||
Total expenses before reductions | 12,276,736 | |||
Expense reductions | (60,283) | |||
Total expenses after reductions | 12,216,453 | |||
Net Investment income (loss) | 27,810,955 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,624,239) | (34,664,828) | |||
Foreign currency transactions | (1,204,594) | |||
Total net realized gain (loss) | (35,869,422) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,456,144) | 378,118,211 | |||
Assets and liabilities in foreign currencies | 78,472 | |||
Total change in net unrealized appreciation (depreciation) | 378,196,683 | |||
Net gain (loss) | 342,327,261 | |||
Net increase (decrease) in net assets resulting from operations | $ | 370,138,216 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 27,810,955 | $ | 46,613,538 |
Net realized gain (loss) | (35,869,422) | (174,498,539) | ||
Change in net unrealized appreciation (depreciation) | 378,196,683 | (692,484,030) | ||
Net increase (decrease) in net assets resulting from operations | 370,138,216 | (820,369,031) | ||
Distributions to shareholders | (23,514,660) | (103,925,954) | ||
Share transactions - net increase (decrease) | 999,870,934 | 576,650,941 | ||
Total increase (decrease) in net assets | 1,346,494,490 | (347,644,044) | ||
Net Assets | ||||
Beginning of period | 1,718,588,419 | 2,066,232,463 | ||
End of period | $ | 3,065,082,909 | $ | 1,718,588,419 |
Fidelity Advisor® Focused Emerging Markets Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.89 | $ | 36.01 | $ | 30.73 | $ | 26.18 | $ | 24.48 | $ | 28.86 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .26 | .59 | .31 | .15 | .44 C | .09 | ||||||
Net realized and unrealized gain (loss) | 4.52 | (12.07) | 5.64 | 4.48 | 4.26 | (4.39) | ||||||
Total from investment operations | 4.78 | (11.48) | 5.95 | 4.63 | 4.70 | (4.30) | ||||||
Distributions from net investment income | (.20) | (.52) | (.05) | (.08) | (.06) D | (.05) | ||||||
Distributions from net realized gain | - | (1.12) | (.62) | - | (2.94) D | (.03) | ||||||
Total distributions | (.20) | (1.64) | (.67) | (.08) | (3.00) | (.08) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 27.47 | $ | 22.89 | $ | 36.01 | $ | 30.73 | $ | 26.18 | $ | 24.48 |
Total Return F,G,H | 20.91% | (33.30)% | 19.43% | 17.71% | 19.42% | (14.93)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.34% K | 1.34% | 1.32% | 1.39% | 1.41% | 1.44% | ||||||
Expenses net of fee waivers, if any | 1.34% K | 1.34% | 1.32% | 1.39% | 1.41% | 1.44% | ||||||
Expenses net of all reductions | 1.34% K | 1.34% | 1.32% | 1.36% | 1.39% | 1.40% | ||||||
Net investment income (loss) | 1.93% K | 1.99% | .83% | .54% | 1.62% C | .30% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 145,470 | $ | 117,404 | $ | 191,955 | $ | 150,749 | $ | 144,062 | $ | 120,499 |
Portfolio turnover rate L | 34% K | 63% | 51% | 66% | 166% M | 87% |
Fidelity Advisor® Focused Emerging Markets Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.60 | $ | 35.56 | $ | 30.36 | $ | 25.86 | $ | 24.25 | $ | 28.61 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .22 | .50 | .20 | .07 | .36 C | - D | ||||||
Net realized and unrealized gain (loss) | 4.47 | (11.94) | 5.58 | 4.43 | 4.20 | (4.34) | ||||||
Total from investment operations | 4.69 | (11.44) | 5.78 | 4.50 | 4.56 | (4.34) | ||||||
Distributions from net investment income | (.13) | (.41) | - | - | (.02) E | - | ||||||
Distributions from net realized gain | - | (1.12) | (.58) | - | (2.93) E | (.02) | ||||||
Total distributions | (.13) | (1.52) F | (.58) | - | (2.95) | (.02) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 27.16 | $ | 22.60 | $ | 35.56 | $ | 30.36 | $ | 25.86 | $ | 24.25 |
Total Return G,H,I | 20.74% | (33.50)% | 19.10% | 17.40% | 19.03% | (15.17)% | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | 1.61% L | 1.62% | 1.61% | 1.68% | 1.70% | 1.73% | ||||||
Expenses net of fee waivers, if any | 1.61% L | 1.62% | 1.60% | 1.67% | 1.70% | 1.73% | ||||||
Expenses net of all reductions | 1.61% L | 1.62% | 1.60% | 1.64% | 1.68% | 1.69% | ||||||
Net investment income (loss) | 1.66% L | 1.71% | .55% | .25% | 1.33% C | -% M | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 33,465 | $ | 28,497 | $ | 48,494 | $ | 42,509 | $ | 45,310 | $ | 40,616 |
Portfolio turnover rate N | 34% L | 63% | 51% | 66% | 166% O | 87% |
Fidelity Advisor® Focused Emerging Markets Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.21 | $ | 33.42 | $ | 28.57 | $ | 24.46 | $ | 23.18 | $ | 27.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .33 | .01 | (.06) | .22 C | (.13) | ||||||
Net realized and unrealized gain (loss) | 4.18 | (11.21) | 5.27 | 4.17 | 4.02 | (4.15) | ||||||
Total from investment operations | 4.33 | (10.88) | 5.28 | 4.11 | 4.24 | (4.28) | ||||||
Distributions from net investment income | - | (.21) | - | - | (.02) D | - | ||||||
Distributions from net realized gain | - | (1.12) | (.43) | - | (2.94) D | - | ||||||
Total distributions | - | (1.33) | (.43) | - | (2.96) | - | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 25.54 | $ | 21.21 | $ | 33.42 | $ | 28.57 | $ | 24.46 | $ | 23.18 |
Total Return F,G,H | 20.41% | (33.82)% | 18.52% | 16.80% | 18.48% | (15.59)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 2.12% K | 2.12% | 2.11% | 2.18% | 2.20% | 2.22% | ||||||
Expenses net of fee waivers, if any | 2.11% K | 2.12% | 2.11% | 2.17% | 2.20% | 2.22% | ||||||
Expenses net of all reductions | 2.11% K | 2.12% | 2.11% | 2.14% | 2.17% | 2.19% | ||||||
Net investment income (loss) | 1.16% K | 1.21% | .04% | (.25)% | .83% C | (.49)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 22,276 | $ | 19,733 | $ | 37,777 | $ | 35,268 | $ | 41,615 | $ | 50,617 |
Portfolio turnover rate L | 34% K | 63% | 51% | 66% | 166% M | 87% |
Fidelity Advisor® Focused Emerging Markets Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.06 | $ | 36.27 | $ | 30.94 | $ | 26.34 | $ | 24.65 | $ | 29.03 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .66 | .42 | .24 | .54 C | .18 | ||||||
Net realized and unrealized gain (loss) | 4.54 | (12.12) | 5.67 | 4.51 | 4.26 | (4.41) | ||||||
Total from investment operations | 4.85 | (11.46) | 6.09 | 4.75 | 4.80 | (4.23) | ||||||
Distributions from net investment income | (.30) | (.63) | (.15) | (.15) | (.17) D | (.12) | ||||||
Distributions from net realized gain | - | (1.12) | (.62) | - | (2.94) D | (.03) | ||||||
Total distributions | (.30) | (1.75) | (.76) E | (.15) | (3.11) | (.15) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 27.61 | $ | 23.06 | $ | 36.27 | $ | 30.94 | $ | 26.34 | $ | 24.65 |
Total Return G,H | 21.08% | (33.08)% | 19.77% | 18.13% | 19.78% | (14.64)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.02% K | 1.03% | 1.03% | 1.06% | 1.09% | 1.12% | ||||||
Expenses net of fee waivers, if any | 1.02% K | 1.03% | 1.03% | 1.06% | 1.09% | 1.12% | ||||||
Expenses net of all reductions | 1.02% K | 1.03% | 1.03% | 1.03% | 1.06% | 1.08% | ||||||
Net investment income (loss) | 2.25% K | 2.31% | 1.13% | .86% | 1.94% C | .62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,483,998 | $ | 696,741 | $ | 660,307 | $ | 312,731 | $ | 288,485 | $ | 394,904 |
Portfolio turnover rate L | 34% K | 63% | 51% | 66% | 166% M | 87% |
Fidelity Advisor® Focused Emerging Markets Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.01 | $ | 36.21 | $ | 30.89 | $ | 26.33 | $ | 24.65 | $ | 29.02 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .32 | .71 | .47 | .28 | .57 C | .22 | ||||||
Net realized and unrealized gain (loss) | 4.54 | (12.11) | 5.66 | 4.50 | 4.26 | (4.41) | ||||||
Total from investment operations | 4.86 | (11.40) | 6.13 | 4.78 | 4.83 | (4.19) | ||||||
Distributions from net investment income | (.33) | (.68) | (.20) | (.22) | (.21) D | (.15) | ||||||
Distributions from net realized gain | - | (1.12) | (.62) | - | (2.94) D | (.03) | ||||||
Total distributions | (.33) | (1.80) | (.81) E | (.22) | (3.15) | (.18) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 27.54 | $ | 23.01 | $ | 36.21 | $ | 30.89 | $ | 26.33 | $ | 24.65 |
Total Return G,H | 21.15% | (33.01)% | 19.94% | 18.29% | 19.93% | (14.52)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .90% K | .90% | .90% | .94% | .95% | .98% | ||||||
Expenses net of fee waivers, if any | .89% K | .90% | .90% | .93% | .95% | .98% | ||||||
Expenses net of all reductions | .89% K | .90% | .90% | .90% | .92% | .94% | ||||||
Net investment income (loss) | 2.37% K | 2.43% | 1.25% | .99% | 2.09% C | .76% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,379,874 | $ | 856,213 | $ | 1,127,699 | $ | 542,418 | $ | 90,032 | $ | 65,453 |
Portfolio turnover rate L | 34% K | 63% | 51% | 66% | 166% M | 87% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $312,276,603 |
Gross unrealized depreciation | (464,818,471) |
Net unrealized appreciation (depreciation) | $(152,541,868) |
Tax cost | $3,287,982,655 |
Short-term | $(137,064,559) |
Long-term | (7,933,442) |
Total capital loss carryforward | $(144,998,001) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Focused Emerging Markets Fund | 1,349,499,300 | 403,056,242 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $178,904 | $5,042 |
Class M | .25% | .25% | 84,206 | 1,143 |
Class C | .75% | .25% | 114,067 | 12,786 |
$377,177 | $18,971 |
Retained by FDC | |
Class A | $38,698 |
Class M | 1,302 |
Class C A | 2,599 |
$42,599 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $167,774 | .23 |
Class M | 43,095 | .26 |
Class C | 29,244 | .26 |
Class I | 904,217 | .17 |
Class Z | 245,658 | .04 |
$1,389,988 |
% of Average Net Assets | |
Fidelity Advisor Focused Emerging Markets Fund | .04 |
Amount | |
Fidelity Advisor Focused Emerging Markets Fund | $4,112 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Focused Emerging Markets Fund | 35,668,088 | - | - |
Amount | |
Fidelity Advisor Focused Emerging Markets Fund | $2,234 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Focused Emerging Markets Fund | $7,549 | $- | $- |
Expense reduction | |
Class M | $656 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Focused Emerging Markets Fund | ||
Distributions to shareholders | ||
Class A | $1,026,327 | $8,660,415 |
Class M | 156,866 | 2,051,478 |
Class C | - | 1,462,486 |
Class I | 9,611,585 | 31,181,994 |
Class Z | 12,719,882 | 60,569,581 |
Total | $23,514,660 | $103,925,954 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Focused Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 756,588 | 732,604 | $21,017,263 | $21,550,619 |
Reinvestment of distributions | 37,305 | 253,984 | 1,002,465 | 8,427,188 |
Shares redeemed | (626,673) | (1,188,006) | (17,018,859) | (34,900,722) |
Net increase (decrease) | 167,220 | (201,418) | $5,000,869 | $(4,922,915) |
Class M | ||||
Shares sold | 51,027 | 100,139 | $1,391,731 | $3,004,711 |
Reinvestment of distributions | 5,728 | 60,785 | 152,271 | 1,996,161 |
Shares redeemed | (85,439) | (263,943) | (2,343,138) | (7,829,465) |
Net increase (decrease) | (28,684) | (103,019) | $(799,136) | $(2,828,593) |
Class C | ||||
Shares sold | 88,394 | 137,110 | $2,310,134 | $3,891,163 |
Reinvestment of distributions | - | 46,491 | - | 1,438,907 |
Shares redeemed | (146,716) | (383,630) | (3,683,608) | (10,688,130) |
Net increase (decrease) | (58,322) | (200,029) | $(1,373,474) | $(5,358,060) |
Class I | ||||
Shares sold | 31,252,720 | 27,816,024 | $855,639,817 | $802,198,610 |
Reinvestment of distributions | 286,193 | 853,376 | 7,724,700 | 28,434,488 |
Shares redeemed | (8,004,793) | (16,656,406) | (219,006,112) | (483,134,283) |
Net increase (decrease) | 23,534,120 | 12,012,994 | $644,358,405 | $347,498,815 |
Class Z | ||||
Shares sold | 25,045,172 | 98,299,666 | $678,194,081 | $2,794,348,582 |
Reinvestment of distributions | 177,977 | 617,102 | 4,789,905 | 20,493,941 |
Shares redeemed | (12,335,880) | (92,852,372) | (330,299,716) | (2,572,580,829) |
Net increase (decrease) | 12,887,269 | 6,064,396 | $352,684,270 | $242,261,694 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Focused Emerging Markets Fund | ||||||||||
Class A | 1.34% | |||||||||
Actual | $ 1,000 | $ 1,209.10 | $ 7.34 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.15 | $ 6.71 | |||||||
Class M | 1.61% | |||||||||
Actual | $ 1,000 | $ 1,207.40 | $ 8.81 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.81 | $ 8.05 | |||||||
Class C | 2.11% | |||||||||
Actual | $ 1,000 | $ 1,204.10 | $ 11.53 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.33 | $ 10.54 | |||||||
Class I | 1.02% | |||||||||
Actual | $ 1,000 | $ 1,210.80 | $ 5.59 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.74 | $ 5.11 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 1,211.50 | $ 4.88 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.38 | $ 4.46 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.4 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.6 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.5 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.4 | |
Diageo PLC (United Kingdom, Beverages) | 2.1 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.0 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.0 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.0 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 1.9 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.8 | |
22.7 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 22.0 | |
Financials | 21.1 | |
Health Care | 15.1 | |
Information Technology | 12.1 | |
Consumer Discretionary | 11.8 | |
Consumer Staples | 7.8 | |
Materials | 5.8 | |
Energy | 1.9 | |
Real Estate | 1.0 | |
Communication Services | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.2% | |||
Shares | Value ($) (000s) | ||
Australia - 0.8% | |||
Flutter Entertainment PLC (a) | 14,624 | 2,925 | |
Bailiwick of Jersey - 0.3% | |||
JTC PLC (b) | 109,800 | 1,094 | |
Belgium - 1.1% | |||
Azelis Group NV | 40,300 | 955 | |
KBC Group NV | 48,575 | 3,467 | |
TOTAL BELGIUM | 4,422 | ||
Canada - 1.5% | |||
Constellation Software, Inc. | 2,980 | 5,833 | |
Lumine Group, Inc. | 8,341 | 112 | |
TOTAL CANADA | 5,945 | ||
China - 0.0% | |||
Chervon Holdings Ltd. | 32,500 | 165 | |
Denmark - 4.7% | |||
Carlsberg A/S Series B | 15,100 | 2,495 | |
DSV A/S | 35,804 | 6,725 | |
Novo Nordisk A/S Series B | 56,500 | 9,399 | |
TOTAL DENMARK | 18,619 | ||
Finland - 1.0% | |||
Nordea Bank ABP | 337,926 | 3,751 | |
France - 17.8% | |||
Air Liquide SA | 32,110 | 5,776 | |
ALTEN | 24,475 | 4,153 | |
Antin Infrastructure Partners SA | 9,500 | 160 | |
BNP Paribas SA | 32,800 | 2,119 | |
Capgemini SA | 29,819 | 5,418 | |
Edenred SA | 96,154 | 6,243 | |
EssilorLuxottica SA | 29,725 | 5,876 | |
L'Oreal SA | 12,200 | 5,818 | |
LVMH Moet Hennessy Louis Vuitton SE | 13,660 | 13,137 | |
Pernod Ricard SA | 26,743 | 6,171 | |
Safran SA | 38,900 | 6,050 | |
Teleperformance | 6,488 | 1,293 | |
TotalEnergies SE | 117,300 | 7,495 | |
TOTAL FRANCE | 69,709 | ||
Germany - 7.5% | |||
Allianz SE | 21,223 | 5,329 | |
Deutsche Borse AG | 26,603 | 5,073 | |
Hannover Reuck SE | 23,029 | 4,913 | |
Infineon Technologies AG | 120,500 | 4,388 | |
Merck KGaA | 29,700 | 5,320 | |
Siemens Healthineers AG (b) | 73,200 | 4,551 | |
TOTAL GERMANY | 29,574 | ||
Hong Kong - 2.0% | |||
AIA Group Ltd. | 703,100 | 7,655 | |
India - 1.6% | |||
HCL Technologies Ltd. | 103,100 | 1,349 | |
HDFC Bank Ltd. | 246,684 | 5,106 | |
TOTAL INDIA | 6,455 | ||
Ireland - 1.0% | |||
Kingspan Group PLC (Ireland) | 57,600 | 3,980 | |
Italy - 2.5% | |||
FinecoBank SpA | 219,563 | 3,322 | |
GVS SpA (a)(b) | 28,462 | 194 | |
Recordati SpA | 84,220 | 3,873 | |
UniCredit SpA | 120,000 | 2,378 | |
TOTAL ITALY | 9,767 | ||
Japan - 11.7% | |||
Bandai Namco Holdings, Inc. | 49,500 | 1,124 | |
BayCurrent Consulting, Inc. | 29,700 | 1,032 | |
Capcom Co. Ltd. | 58,700 | 2,206 | |
FUJIFILM Holdings Corp. | 52,800 | 2,752 | |
Hoya Corp. | 39,831 | 4,176 | |
Iriso Electronics Co. Ltd. | 23,784 | 814 | |
Misumi Group, Inc. | 97,900 | 2,470 | |
NOF Corp. | 44,671 | 2,041 | |
Olympus Corp. | 107,276 | 1,878 | |
Persol Holdings Co. Ltd. | 131,460 | 2,711 | |
Relo Group, Inc. | 86,446 | 1,344 | |
Shin-Etsu Chemical Co. Ltd. | 108,100 | 3,085 | |
SMC Corp. | 7,586 | 3,783 | |
Sony Group Corp. | 70,424 | 6,372 | |
Suzuki Motor Corp. | 69,971 | 2,440 | |
TIS, Inc. | 66,427 | 1,824 | |
Tokio Marine Holdings, Inc. | 180,400 | 3,627 | |
Tokyo Electron Ltd. | 20,981 | 2,402 | |
TOTAL JAPAN | 46,081 | ||
Kenya - 0.1% | |||
Safaricom Ltd. | 1,678,300 | 204 | |
Luxembourg - 0.8% | |||
Eurofins Scientific SA | 42,100 | 2,935 | |
Netherlands - 7.2% | |||
ASM International NV (Netherlands) | 11,000 | 3,976 | |
ASML Holding NV (Netherlands) | 15,906 | 10,052 | |
Euronext NV (b) | 30,475 | 2,421 | |
IMCD NV | 28,850 | 4,330 | |
Topicus.Com, Inc. (a) | 6,230 | 415 | |
Wolters Kluwer NV | 52,141 | 6,903 | |
TOTAL NETHERLANDS | 28,097 | ||
Spain - 1.3% | |||
Amadeus IT Holding SA Class A (a) | 74,496 | 5,236 | |
Sweden - 3.9% | |||
Addlife AB | 124,837 | 1,475 | |
AddTech AB (B Shares) | 165,787 | 3,314 | |
Atlas Copco AB (A Shares) | 348,492 | 5,033 | |
Indutrade AB | 199,025 | 4,768 | |
Kry International AB (a)(c)(d) | 156 | 12 | |
Nordnet AB | 54,500 | 855 | |
TOTAL SWEDEN | 15,457 | ||
Switzerland - 5.9% | |||
Compagnie Financiere Richemont SA Series A | 47,170 | 7,797 | |
Julius Baer Group Ltd. | 63,847 | 4,551 | |
Partners Group Holding AG | 3,310 | 3,197 | |
Sika AG | 20,858 | 5,761 | |
Sonova Holding AG | 5,721 | 1,804 | |
TOTAL SWITZERLAND | 23,110 | ||
Taiwan - 0.5% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 127,300 | 2,083 | |
United Kingdom - 14.6% | |||
Ashtead Group PLC | 48,500 | 2,790 | |
AstraZeneca PLC (United Kingdom) | 67,300 | 9,904 | |
BAE Systems PLC | 300,500 | 3,828 | |
Beazley PLC | 228,071 | 1,707 | |
Compass Group PLC | 265,054 | 6,992 | |
Dechra Pharmaceuticals PLC | 36,384 | 1,706 | |
Diageo PLC | 176,276 | 8,041 | |
Diploma PLC | 83,267 | 2,811 | |
Hiscox Ltd. | 161,973 | 2,406 | |
London Stock Exchange Group PLC | 37,200 | 3,906 | |
RELX PLC (London Stock Exchange) | 199,284 | 6,627 | |
Rentokil Initial PLC | 616,433 | 4,908 | |
Volution Group PLC | 320,051 | 1,743 | |
TOTAL UNITED KINGDOM | 57,369 | ||
United States of America - 11.4% | |||
CBRE Group, Inc. (a) | 38,200 | 2,928 | |
CDW Corp. | 10,643 | 1,805 | |
Equifax, Inc. | 8,000 | 1,667 | |
Experian PLC | 121,300 | 4,295 | |
Ferguson PLC | 30,075 | 4,231 | |
ICON PLC (a) | 15,400 | 2,967 | |
Linde PLC | 15,734 | 5,813 | |
Marsh & McLennan Companies, Inc. | 32,130 | 5,790 | |
Nestle SA (Reg. S) | 60,945 | 7,819 | |
S&P Global, Inc. | 12,231 | 4,435 | |
Thermo Fisher Scientific, Inc. | 5,300 | 2,941 | |
TOTAL UNITED STATES OF AMERICA | 44,691 | ||
TOTAL COMMON STOCKS (Cost $290,991) | 389,324 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) (000s) | ||
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(d) (Cost $412) | 901 | 70 | |
Money Market Funds - 4.8% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 4.88% (e) (Cost $18,847) | 18,843,118 | 18,847 | |
TOTAL INVESTMENT IN SECURITIES - 104.0% (Cost $310,250) | 408,241 |
NET OTHER ASSETS (LIABILITIES) - (4.0)% | (15,689) |
NET ASSETS - 100.0% | 392,552 |
(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 $8,260,000 or 2.1% 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 $82,000 or 0.0% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Kry International AB | 5/14/21 | 68 |
Kry International AB Series E | 5/14/21 | 412 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 5,991 | 47,988 | 35,132 | 61 | - | - | 18,847 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 20,059 | 20,059 | 10 | - | - | - | 0.0% |
Total | 5,991 | 68,047 | 55,191 | 71 | - | - | 18,847 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,410 | 204 | 2,206 | - |
Consumer Discretionary | 46,188 | 2,925 | 43,263 | - |
Consumer Staples | 30,344 | 14,484 | 15,860 | - |
Energy | 7,495 | - | 7,495 | - |
Financials | 83,505 | 48,312 | 35,193 | - |
Health Care | 58,805 | 33,448 | 25,357 | - |
Industrials | 86,441 | 57,364 | 29,077 | - |
Information Technology | 47,458 | 31,764 | 15,612 | 82 |
Materials | 22,476 | 5,813 | 16,663 | - |
Real Estate | 4,272 | 2,928 | 1,344 | - |
Money Market Funds | 18,847 | 18,847 | - | - |
Total Investments in Securities: | 408,241 | 216,089 | 192,070 | 82 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | April 30, 2023 (Unaudited) | |||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $291,403) | $ | 389,394 | ||
Fidelity Central Funds (cost $18,847) | 18,847 | |||
Total Investment in Securities (cost $310,250) | $ | 408,241 | ||
Foreign currency held at value (cost $378) | 370 | |||
Receivable for investments sold | 795 | |||
Receivable for fund shares sold | 75 | |||
Dividends receivable | 789 | |||
Reclaims receivable | 1,763 | |||
Distributions receivable from Fidelity Central Funds | 19 | |||
Other receivables | 65 | |||
Total assets | 412,117 | |||
Liabilities | ||||
Payable for investments purchased | $ | 19,032 | ||
Payable for fund shares redeemed | 54 | |||
Accrued management fee | 159 | |||
Distribution and service plan fees payable | 86 | |||
Other affiliated payables | 60 | |||
Other payables and accrued expenses | 174 | |||
Total Liabilities | 19,565 | |||
Net Assets | $ | 392,552 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 330,616 | ||
Total accumulated earnings (loss) | 61,936 | |||
Net Assets | $ | 392,552 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($45,696 ÷ 1,589 shares) (a) | $ | 28.76 | ||
Maximum offering price per share (100/94.25 of $28.76) | $ | 30.51 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($180,639 ÷ 6,125 shares) (a) | $ | 29.49 | ||
Maximum offering price per share (100/96.50 of $29.49) | $ | 30.56 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,029 ÷ 111 shares) (a)(b) | $ | 27.34 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($71,988 ÷ 2,429 shares) | $ | 29.64 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($91,200 ÷ 3,082 shares) | $ | 29.59 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. | ||||
(b)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or shares |
Statement of Operations | ||||
Amounts in thousands | Six months ended April 30, 2023 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 3,537 | ||
Income from Fidelity Central Funds (including $10 from security lending) | 71 | |||
Income before foreign taxes withheld | $ | 3,608 | ||
Less foreign taxes withheld | (465) | |||
Total Income | 3,143 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 1,161 | ||
Performance adjustment | (79) | |||
Transfer agent fees | 262 | |||
Distribution and service plan fees | 489 | |||
Accounting fees | 89 | |||
Custodian fees and expenses | 25 | |||
Independent trustees' fees and expenses | 1 | |||
Registration fees | 52 | |||
Audit | 91 | |||
Legal | 1 | |||
Miscellaneous | 1 | |||
Total expenses before reductions | 2,093 | |||
Expense reductions | (9) | |||
Total expenses after reductions | 2,084 | |||
Net Investment income (loss) | 1,059 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $6) | 4,726 | |||
Foreign currency transactions | 22 | |||
Total net realized gain (loss) | 4,748 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $66) | 68,960 | |||
Assets and liabilities in foreign currencies | 148 | |||
Total change in net unrealized appreciation (depreciation) | 69,108 | |||
Net gain (loss) | 73,856 | |||
Net increase (decrease) in net assets resulting from operations | $ | 74,915 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,059 | $ | 2,567 |
Net realized gain (loss) | 4,748 | (41,139) | ||
Change in net unrealized appreciation (depreciation) | 69,108 | (131,616) | ||
Net increase (decrease) in net assets resulting from operations | 74,915 | (170,188) | ||
Distributions to shareholders | (1,443) | (10,213) | ||
Share transactions - net increase (decrease) | 4,540 | 3,366 | ||
Total increase (decrease) in net assets | 78,012 | (177,035) | ||
Net Assets | ||||
Beginning of period | 314,540 | 491,575 | ||
End of period | $ | 392,552 | $ | 314,540 |
Fidelity Advisor® Overseas Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.29 | $ | 34.07 | $ | 24.73 | $ | 24.27 | $ | 22.48 | $ | 25.20 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .14 | (.04) | (.02) | .35 | .28 | ||||||
Net realized and unrealized gain (loss) | 5.50 | (10.20) | 9.38 | .83 | 2.38 | (2.10) | ||||||
Total from investment operations | 5.57 | (10.06) | 9.34 | .81 | 2.73 | (1.82) | ||||||
Distributions from net investment income | (.10) | - | - | (.35) | (.21) | (.22) | ||||||
Distributions from net realized gain | - | (.72) | - | - | (.73) | (.69) | ||||||
Total distributions | (.10) | (.72) | - | (.35) | (.94) | (.90) C | ||||||
Net asset value, end of period | $ | 28.76 | $ | 23.29 | $ | 34.07 | $ | 24.73 | $ | 24.27 | $ | 22.48 |
Total Return D,E,F | 23.94% | (30.12)% | 37.77% | 3.33% | 12.86% | (7.48)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.22% I | 1.36% | 1.43% | 1.49% | 1.21% | 1.21% | ||||||
Expenses net of fee waivers, if any | 1.22% I | 1.36% | 1.43% | 1.49% | 1.21% | 1.21% | ||||||
Expenses net of all reductions | 1.22% I | 1.36% | 1.43% | 1.48% | 1.19% | 1.20% | ||||||
Net investment income (loss) | .54% I | .51% | (.12)% | (.08)% | 1.53% | 1.13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 46 | $ | 35 | $ | 56 | $ | 46 | $ | 49 | $ | 44 |
Portfolio turnover rate J | 39% I | 46% | 33% K | 46% | 45% K | 39% |
Fidelity Advisor® Overseas Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.85 | $ | 34.94 | $ | 25.41 | $ | 24.94 | $ | 23.06 | $ | 25.84 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .09 | (.11) | (.07) | .31 | .23 | ||||||
Net realized and unrealized gain (loss) | 5.62 | (10.46) | 9.64 | .84 | 2.45 | (2.15) | ||||||
Total from investment operations | 5.67 | (10.37) | 9.53 | .77 | 2.76 | (1.92) | ||||||
Distributions from net investment income | (.03) | - | - | (.30) | (.15) | (.17) | ||||||
Distributions from net realized gain | - | (.72) | - | - | (.73) | (.69) | ||||||
Total distributions | (.03) | (.72) | - | (.30) | (.88) | (.86) | ||||||
Net asset value, end of period | $ | 29.49 | $ | 23.85 | $ | 34.94 | $ | 25.41 | $ | 24.94 | $ | 23.06 |
Total Return C,D,E | 23.79% | (30.26)% | 37.50% | 3.09% | 12.65% | (7.71)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.43% H | 1.57% | 1.65% | 1.71% | 1.42% | 1.44% | ||||||
Expenses net of fee waivers, if any | 1.42% H | 1.57% | 1.65% | 1.70% | 1.42% | 1.43% | ||||||
Expenses net of all reductions | 1.42% H | 1.57% | 1.65% | 1.70% | 1.40% | 1.43% | ||||||
Net investment income (loss) | .34% H | .30% | (.34)% | (.29)% | 1.32% | .90% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 181 | $ | 150 | $ | 238 | $ | 194 | $ | 221 | $ | 218 |
Portfolio turnover rate I | 39% H | 46% | 33% J | 46% | 45% J | 39% |
Fidelity Advisor® Overseas Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.15 | $ | 32.69 | $ | 23.92 | $ | 23.46 | $ | 21.72 | $ | 24.41 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | (.08) | (.28) | (.21) | .15 | .07 | ||||||
Net realized and unrealized gain (loss) | 5.22 | (9.74) | 9.05 | .80 | 2.32 | (2.02) | ||||||
Total from investment operations | 5.19 | (9.82) | 8.77 | .59 | 2.47 | (1.95) | ||||||
Distributions from net investment income | - | - | - | (.13) | - | (.06) | ||||||
Distributions from net realized gain | - | (.72) | - | - | (.73) | (.69) | ||||||
Total distributions | - | (.72) | - | (.13) | (.73) | (.74) C | ||||||
Net asset value, end of period | $ | 27.34 | $ | 22.15 | $ | 32.69 | $ | 23.92 | $ | 23.46 | $ | 21.72 |
Total Return D,E,F | 23.43% | (30.66)% | 36.66% | 2.50% | 11.94% | (8.23)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.01% I | 2.16% | 2.25% | 2.31% | 2.03% | 2.03% | ||||||
Expenses net of fee waivers, if any | 2.01% I | 2.16% | 2.25% | 2.31% | 2.03% | 2.03% | ||||||
Expenses net of all reductions | 2.01% I | 2.16% | 2.25% | 2.30% | 2.02% | 2.02% | ||||||
Net investment income (loss) | (.25)% I | (.29)% | (.94)% | (.89)% | .70% | .31% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3 | $ | 3 | $ | 5 | $ | 5 | $ | 6 | $ | 13 |
Portfolio turnover rate J | 39% I | 46% | 33% K | 46% | 45% K | 39% |
Fidelity Advisor® Overseas Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.03 | $ | 35.03 | $ | 25.35 | $ | 24.79 | $ | 22.99 | $ | 25.74 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .23 | .06 | .07 | .42 | .36 | ||||||
Net realized and unrealized gain (loss) | 5.65 | (10.51) | 9.62 | .84 | 2.43 | (2.15) | ||||||
Total from investment operations | 5.77 | (10.28) | 9.68 | .91 | 2.85 | (1.79) | ||||||
Distributions from net investment income | (.16) | - | - | (.35) | (.32) | (.28) | ||||||
Distributions from net realized gain | - | (.72) | - | - | (.73) | (.69) | ||||||
Total distributions | (.16) | (.72) | - | (.35) | (1.05) | (.96) C | ||||||
Net asset value, end of period | $ | 29.64 | $ | 24.03 | $ | 35.03 | $ | 25.35 | $ | 24.79 | $ | 22.99 |
Total Return D,E | 24.09% | (29.91)% | 38.19% | 3.68% | 13.21% | (7.23)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .93% H | 1.08% | 1.12% | 1.15% | .91% | .92% | ||||||
Expenses net of fee waivers, if any | .92% H | 1.08% | 1.12% | 1.15% | .91% | .92% | ||||||
Expenses net of all reductions | .92% H | 1.08% | 1.12% | 1.14% | .90% | .91% | ||||||
Net investment income (loss) | .84% H | .79% | .19% | .27% | 1.82% | 1.42% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 72 | $ | 48 | $ | 85 | $ | 121 | $ | 117 | $ | 305 |
Portfolio turnover rate I | 39% H | 46% | 33% J | 46% | 45% J | 39% |
Fidelity Advisor® Overseas Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.03 | $ | 34.97 | $ | 25.28 | $ | 24.79 | $ | 23.00 | $ | 25.76 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .27 | .09 | .09 | .45 | .38 | ||||||
Net realized and unrealized gain (loss) | 5.65 | (10.49) | 9.60 | .84 | 2.43 | (2.14) | ||||||
Total from investment operations | 5.78 | (10.22) | 9.69 | .93 | 2.88 | (1.76) | ||||||
Distributions from net investment income | (.22) | - | - | (.44) | (.36) | (.31) | ||||||
Distributions from net realized gain | - | (.72) | - | - | (.73) | (.69) | ||||||
Total distributions | (.22) | (.72) | - | (.44) | (1.09) | (1.00) | ||||||
Net asset value, end of period | $ | 29.59 | $ | 24.03 | $ | 34.97 | $ | 25.28 | $ | 24.79 | $ | 23.00 |
Total Return C,D | 24.14% | (29.79)% | 38.33% | 3.77% | 13.38% | (7.13)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .79% G | .94% | 1.02% | 1.07% | .77% | .79% | ||||||
Expenses net of fee waivers, if any | .79% G | .93% | 1.02% | 1.06% | .77% | .79% | ||||||
Expenses net of all reductions | .79% G | .93% | 1.02% | 1.05% | .76% | .78% | ||||||
Net investment income (loss) | .97% G | .94% | .29% | .35% | 1.96% | 1.55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 91 | $ | 80 | $ | 108 | $ | 47 | $ | 38 | $ | 47 |
Portfolio turnover rate H | 39% G | 46% | 33% I | 46% | 45% I | 39% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $105,857 |
Gross unrealized depreciation | (9,922) |
Net unrealized appreciation (depreciation) | $95,935 |
Tax cost | $312,306 |
Short-term | $(37,088) |
Long-term | (1,986) |
Total capital loss carryforward | $(39,074) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Overseas Fund | 77,743 | 68,592 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $50 | $1 |
Class M | .25% | .25% | 424 | 7 |
Class C | .75% | .25% | 15 | 1 |
$489 | $9 |
Retained by FDC | |
Class A | $2 |
Class M | 1 |
Class C A | - B |
$3 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $44 | .22 |
Class M | 148 | .17 |
Class C | 4 | .26 |
Class I | 47 | .17 |
Class Z | 19 | .04 |
$262 |
% of Average Net Assets | |
Fidelity Advisor Overseas Fund | .05 |
Amount | |
Fidelity Advisor Overseas Fund | $- A |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Overseas Fund | 6,200 | 8,250 | 364 |
Amount | |
Fidelity Advisor Overseas Fund | $343 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Overseas Fund | $1 | $- | $- |
Expense Limitations | |
Class M | $- A |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Overseas Fund | ||
Distributions to shareholders | ||
Class A | $143 | $1,176 |
Class M | 199 | 4,856 |
Class C | - | 105 |
Class I | 328 | 1,736 |
Class Z | 773 | 2,340 |
Total | $1,443 | $10,213 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Overseas Fund | ||||
Class A | ||||
Shares sold | 179 | 96 | $4,954 | $2,742 |
Reinvestment of distributions | 5 | 34 | 135 | 1,106 |
Shares redeemed | (98) | (269) | (2,605) | (7,683) |
Net increase (decrease) | 86 | (139) | $2,484 | $(3,835) |
Class M | ||||
Shares sold | 401 | 720 | $11,061 | $20,697 |
Reinvestment of distributions | 7 | 145 | 197 | 4,791 |
Shares redeemed | (556) | (1,412) | (15,243) | (40,564) |
Net increase (decrease) | (148) | (547) | $(3,985) | $(15,076) |
Class C | ||||
Shares sold | 5 | 14 | $133 | $353 |
Reinvestment of distributions | - | 3 | - | 99 |
Shares redeemed | (15) | (45) | (377) | (1,241) |
Net increase (decrease) | (10) | (28) | $(244) | $(789) |
Class I | ||||
Shares sold | 641 | 1,779 | $18,554 | $55,143 |
Reinvestment of distributions | 11 | 47 | 290 | 1,556 |
Shares redeemed | (206) | (2,261) | (5,711) | (60,496) |
Net increase (decrease) | 446 | (435) | $13,133 | $(3,797) |
Class Z | ||||
Shares sold | 402 | 3,671 | $10,856 | $115,070 |
Reinvestment of distributions | 6 | 30 | 165 | 982 |
Shares redeemed | (637) | (3,471) | (17,869) | (89,189) |
Net increase (decrease) | (229) | 230 | $(6,848) | $26,863 |
Strategic Advisers Fidelity International Fund | |
Fidelity Overseas Fund | 29% |
Fund | % of shares held |
Fidelity Overseas Fund | 49% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Overseas Fund | ||||||||||
Class A | 1.22% | |||||||||
Actual | $ 1,000 | $ 1,239.40 | $ 6.77 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.74 | $ 6.11 | |||||||
Class M | 1.42% | |||||||||
Actual | $ 1,000 | $ 1,237.90 | $ 7.88 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.75 | $ 7.10 | |||||||
Class C | 2.01% | |||||||||
Actual | $ 1,000 | $ 1,234.30 | $ 11.14 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.83 | $ 10.04 | |||||||
Class I | .92% | |||||||||
Actual | $ 1,000 | $ 1,240.90 | $ 5.11 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.23 | $ 4.61 | |||||||
Class Z | .79% | |||||||||
Actual | $ 1,000 | $ 1,241.40 | $ 4.39 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.88 | $ 3.96 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. | 10.3 | |
Alibaba Group Holding Ltd. | 7.3 | |
Samsung Electronics Co. Ltd. | 6.1 | |
Zomato Ltd. | 2.9 | |
Reliance Industries Ltd. | 2.9 | |
PDD Holdings, Inc. ADR | 2.8 | |
Sea Ltd. ADR | 2.0 | |
Meituan Class B | 1.8 | |
Micron Technology, Inc. | 1.8 | |
Money Forward, Inc. | 1.8 | |
39.7 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 30.6 | |
Consumer Discretionary | 26.1 | |
Financials | 12.0 | |
Health Care | 8.7 | |
Communication Services | 7.0 | |
Industrials | 6.4 | |
Energy | 2.9 | |
Real Estate | 1.8 | |
Consumer Staples | 1.7 | |
Materials | 1.6 | |
Asset Allocation (% of Fund's net assets) |
Common Stocks - 96.9% | |||
Shares | Value ($) | ||
China - 39.2% | |||
Agora, Inc. ADR (a) | 226,027 | 757,190 | |
Akeso, Inc. (a)(b) | 316,379 | 1,737,614 | |
Alibaba Group Holding Ltd. (a) | 1,472,049 | 15,564,897 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 219,590 | 18,597,077 | |
Anhui Korrun Co. Ltd. (A Shares) | 586,006 | 1,395,560 | |
Antengene Corp. (a)(b) | 1,628,459 | 562,430 | |
Baidu, Inc.: | |||
Class A (a) | 51,735 | 778,711 | |
sponsored ADR (a) | 14,243 | 1,717,848 | |
Bairong, Inc. (a)(b) | 941,113 | 1,302,158 | |
BC Technology Group Ltd. (a) | 1,597,080 | 574,604 | |
Beijing Sinohytec Co. Ltd. (A Shares) | 211,420 | 2,464,811 | |
Bilibili, Inc. ADR (a)(c) | 244,815 | 4,984,433 | |
BYD Co. Ltd.: | |||
(A Shares) | 48,947 | 1,817,987 | |
(H Shares) | 169,411 | 5,137,601 | |
DPC Dash Ltd. | 159,000 | 1,028,030 | |
Empyrean Technology Co. Ltd. (A Shares) | 115,900 | 1,952,890 | |
Estun Automation Co. Ltd.: | |||
(A Shares) | 1,567,800 | 5,179,908 | |
(A Shares) | 467,600 | 1,544,920 | |
Glodon Co. Ltd. (A Shares) | 427,415 | 3,591,773 | |
GRG Metrology & Test Co. Ltd. (A Shares) | 491,169 | 1,611,117 | |
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares) | 272,156 | 3,226,898 | |
Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 226,408 | 2,986,472 | |
Hundsun Technologies, Inc. (A Shares) | 564,470 | 4,046,114 | |
Innovent Biologics, Inc. (a)(b) | 341,781 | 1,643,308 | |
Jiangxi Copper Co. Ltd. (A Shares) | 1,055,500 | 3,128,364 | |
Joinn Laboratories China Co. Ltd. (A Shares) | 299,469 | 2,149,959 | |
Kangji Medical Holdings Ltd. (c) | 731,544 | 921,810 | |
KE Holdings, Inc. ADR (a) | 378,064 | 5,931,824 | |
Kindstar Globalgene Technology, Inc. (a)(b) | 3,296,595 | 745,153 | |
Li Auto, Inc.: | |||
ADR (a) | 225,917 | 5,309,050 | |
Class A (a) | 159,880 | 1,893,596 | |
Meituan Class B (a)(b) | 504,072 | 8,614,821 | |
Microport Cardioflow Medtech Corp. (a)(b) | 6,032,239 | 1,782,997 | |
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(b) | 655,155 | 575,880 | |
Ming Yuan Cloud Group Holdings Ltd. | 4,047,980 | 2,104,800 | |
New Horizon Health Ltd. (a)(b) | 948,315 | 3,403,067 | |
NXP Semiconductors NV | 18,858 | 3,087,809 | |
PDD Holdings, Inc. ADR (a) | 191,285 | 13,036,073 | |
RLX Technology, Inc. ADR (a) | 360,449 | 886,705 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 541,726 | 4,852,191 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 95,939 | 4,337,375 | |
Smoore International Holdings Ltd. (b)(c) | 1,046,989 | 1,223,946 | |
Sunac China Holdings Ltd. (a)(c) | 2,393,047 | 502,971 | |
Sungrow Power Supply Co. Ltd. (A Shares) | 350,000 | 5,730,103 | |
Tencent Holdings Ltd. | 101,832 | 4,522,982 | |
Trip.com Group Ltd. (a) | 121,155 | 4,307,658 | |
Trip.com Group Ltd. ADR (a) | 93,534 | 3,321,392 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 1,204,677 | 1,686,527 | |
Weihai Guangwei Composites Co. Ltd. (A Shares) | 327,528 | 2,472,224 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 416,375 | 3,661,989 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 652,308 | 3,889,608 | |
Yonyou Network Technology Co. Ltd. (A Shares) | 797,000 | 2,497,866 | |
Zai Lab Ltd. (a) | 238,400 | 834,662 | |
Zai Lab Ltd. ADR (a) | 46,074 | 1,611,669 | |
TOTAL CHINA | 183,229,422 | ||
Hong Kong - 2.5% | |||
AIA Group Ltd. | 701,499 | 7,637,273 | |
Hong Kong Exchanges and Clearing Ltd. | 69,678 | 2,892,815 | |
Huanxi Media Group Ltd. (a) | 9,447,142 | 1,193,407 | |
TOTAL HONG KONG | 11,723,495 | ||
India - 18.3% | |||
Amber Enterprises India Ltd. (a) | 37,865 | 867,935 | |
Asian Paints Ltd. | 53,280 | 1,898,150 | |
Aster DM Healthcare Ltd. (a)(b) | 329,548 | 998,121 | |
Bajaj Finance Ltd. | 20,425 | 1,577,108 | |
Campus Activewear Ltd. | 796,466 | 3,481,897 | |
Computer Age Management Services Private Ltd. | 160,765 | 4,068,109 | |
Delhivery Private Ltd. | 224,337 | 1,030,490 | |
Devyani International Ltd. (a) | 829,334 | 1,644,897 | |
Dixon Technologies India Ltd. | 66,042 | 2,365,735 | |
HDFC Asset Management Co. Ltd. (b) | 174,345 | 3,772,577 | |
HDFC Bank Ltd. | 244,224 | 5,054,710 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 210,900 | 1,370,611 | |
Hindustan Aeronautics Ltd. | 83,118 | 2,979,698 | |
Housing Development Finance Corp. Ltd. | 143,022 | 4,878,167 | |
Indian Energy Exchange Ltd. (a)(b) | 540,308 | 1,038,997 | |
Kotak Mahindra Bank Ltd. | 101,857 | 2,426,761 | |
MakeMyTrip Ltd. (a)(c) | 162,456 | 3,807,969 | |
One97 Communications Ltd. (a) | 692,266 | 5,556,846 | |
Page Industries Ltd. | 2,604 | 1,287,780 | |
Reliance Industries Ltd. | 448,132 | 13,322,289 | |
Sapphire Foods India Ltd. (a) | 114,684 | 1,685,525 | |
Tata Consultancy Services Ltd. | 83,658 | 3,311,050 | |
Tata Motors Ltd. (a) | 556,430 | 3,323,415 | |
Vijaya Diagnostic Centre Pvt Ltd. | 98,494 | 455,835 | |
Zomato Ltd. (a) | 16,891,644 | 13,521,693 | |
TOTAL INDIA | 85,726,365 | ||
Indonesia - 0.9% | |||
PT Bank Central Asia Tbk | 6,731,934 | 4,166,068 | |
Japan - 3.5% | |||
Money Forward, Inc. (a) | 196,620 | 8,188,111 | |
Renesas Electronics Corp. (a) | 375,533 | 4,894,115 | |
Z Holdings Corp. | 1,155,645 | 3,165,591 | |
TOTAL JAPAN | 16,247,817 | ||
Korea (South) - 9.7% | |||
Coupang, Inc. Class A (a) | 275,294 | 4,613,927 | |
Delivery Hero AG (a)(b) | 146,841 | 5,845,982 | |
Gabia, Inc. | 64,100 | 560,759 | |
Kakao Pay Corp. (a)(c) | 92,785 | 3,814,449 | |
LG Energy Solution (a) | 1,691 | 737,290 | |
Samsung Electronics Co. Ltd. | 578,994 | 28,500,162 | |
SK Hynix, Inc. | 22,768 | 1,532,517 | |
TOTAL KOREA (SOUTH) | 45,605,086 | ||
Netherlands - 1.1% | |||
ASML Holding NV (Netherlands) | 3,771 | 2,383,044 | |
Shop Apotheke Europe NV (a)(b) | 25,627 | 2,555,010 | |
TOTAL NETHERLANDS | 4,938,054 | ||
Russia - 0.1% | |||
Yandex NV Series A (a)(d) | 79,813 | 606,579 | |
Singapore - 4.3% | |||
DBS Group Holdings Ltd. | 140,488 | 3,471,453 | |
Oversea-Chinese Banking Corp. Ltd. | 577,761 | 5,466,134 | |
Sea Ltd. ADR (a) | 121,916 | 9,286,342 | |
United Overseas Bank Ltd. | 97,648 | 2,073,844 | |
TOTAL SINGAPORE | 20,297,773 | ||
Switzerland - 0.7% | |||
Yunnan Botanee Bio-Technology Group Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 3/10/25 (a)(b) | 87,100 | 1,445,524 | |
ZWSOFT Co. Ltd. (Guangzhou) ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 10/12/23 (a)(b) | 69,720 | 1,982,657 | |
TOTAL SWITZERLAND | 3,428,181 | ||
Taiwan - 11.1% | |||
GlobalWafers Co. Ltd. | 123,000 | 1,931,746 | |
MediaTek, Inc. | 77,000 | 1,673,106 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,611,393 | 42,733,226 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 63,688 | 5,368,898 | |
TOTAL TAIWAN | 51,706,976 | ||
United States of America - 5.2% | |||
Frontage Holdings Corp. (a)(b) | 8,628,394 | 2,684,631 | |
GlobalFoundries, Inc. (a) | 37,544 | 2,207,587 | |
Micron Technology, Inc. | 127,548 | 8,208,989 | |
NVIDIA Corp. | 13,836 | 3,839,352 | |
onsemi (a) | 47,851 | 3,443,358 | |
Snap, Inc. Class A (a) | 381,093 | 3,319,320 | |
Space Exploration Technologies Corp. Class A (a)(d)(e) | 6,000 | 462,000 | |
TOTAL UNITED STATES OF AMERICA | 24,165,237 | ||
Vietnam - 0.3% | |||
Vietnam Dairy Products Corp. | 491,921 | 1,470,551 | |
TOTAL COMMON STOCKS (Cost $465,064,729) | 453,311,604 | ||
Preferred Stocks - 1.9% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.6% | |||
China - 0.6% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 11,980 | 2,384,020 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 65,318 | 579,371 | |
2,963,391 | |||
Nonconvertible Preferred Stocks - 1.3% | |||
China - 0.4% | |||
ZKH Group Ltd. Series F (d) | 4,697,991 | 1,738,257 | |
Korea (South) - 0.9% | |||
Samsung Electronics Co. Ltd. | 98,678 | 4,126,857 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 5,865,114 | ||
TOTAL PREFERRED STOCKS (Cost $8,271,621) | 8,828,505 | ||
Money Market Funds - 1.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 2,718,075 | 2,718,619 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 5,624,777 | 5,625,339 | |
TOTAL MONEY MARKET FUNDS (Cost $8,343,958) | 8,343,958 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $481,680,308) | 470,484,067 |
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (2,930,414) |
NET ASSETS - 100.0% | 467,553,653 |
ELS | - | EQUITY-LINKED SECURITY |
(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 $52,523,608 or 11.2% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Level 3 security |
(e) | 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 $3,425,391 or 0.7% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 1,312,699 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 927,721 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 251,994 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 3,541,744 | 78,528,303 | 79,351,428 | 129,495 | - | - | 2,718,619 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 15,212,785 | 69,375,902 | 78,963,348 | 173,064 | - | - | 5,625,339 | 0.0% |
Total | 18,754,529 | 147,904,205 | 158,314,776 | 302,559 | - | - | 8,343,958 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 31,959,233 | 19,307,943 | 9,660,691 | 2,990,599 |
Consumer Discretionary | 122,470,497 | 54,531,470 | 67,939,027 | - |
Consumer Staples | 7,581,736 | 3,441,715 | 4,140,021 | - |
Energy | 13,322,289 | - | 13,322,289 | - |
Financials | 57,074,575 | - | 57,074,575 | - |
Health Care | 40,475,376 | 1,611,669 | 38,284,336 | 579,371 |
Industrials | 30,660,637 | - | 30,198,637 | 462,000 |
Information Technology | 142,923,976 | 29,296,227 | 113,627,749 | - |
Materials | 7,498,738 | - | 7,498,738 | - |
Real Estate | 8,173,052 | 5,931,824 | 502,971 | 1,738,257 |
Money Market Funds | 8,343,958 | 8,343,958 | - | - |
Total Investments in Securities: | 470,484,067 | 122,464,806 | 342,249,034 | 5,770,227 |
Investments in Securities: | |||
Beginning Balance | $ | 6,429,062 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (49,114) | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (609,721) | ||
Ending Balance | $ | 5,770,227 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2023 | $ | (49,114) | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $5,310,923) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $473,336,350) | $ | 462,140,109 | ||
Fidelity Central Funds (cost $8,343,958) | 8,343,958 | |||
Total Investment in Securities (cost $481,680,308) | $ | 470,484,067 | ||
Foreign currency held at value (cost $2,390,082) | 2,391,459 | |||
Receivable for investments sold | 2,881,110 | |||
Receivable for fund shares sold | 369,557 | |||
Dividends receivable | 311,007 | |||
Distributions receivable from Fidelity Central Funds | 21,632 | |||
Prepaid expenses | 199 | |||
Other receivables | 175,838 | |||
Total assets | 476,634,869 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,752,628 | ||
Payable for fund shares redeemed | 240,616 | |||
Accrued management fee | 269,107 | |||
Distribution and service plan fees payable | 50,570 | |||
Other affiliated payables | 85,609 | |||
Deferred taxes | 977,284 | |||
Other payables and accrued expenses | 84,602 | |||
Collateral on securities loaned | 5,620,800 | |||
Total Liabilities | 9,081,216 | |||
Net Assets | $ | 467,553,653 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 631,089,245 | ||
Total accumulated earnings (loss) | (163,535,592) | |||
Net Assets | $ | 467,553,653 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($130,890,941 ÷ 3,700,509 shares) (a) | $ | 35.37 | ||
Maximum offering price per share (100/94.25 of $35.37) | $ | 37.53 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($32,269,678 ÷ 954,134 shares) (a) | $ | 33.82 | ||
Maximum offering price per share (100/96.50 of $33.82) | $ | 35.05 | ||
Class C : | ||||
Net Asset Value and offering price per share ($10,389,702 ÷ 342,909 shares) (a) | $ | 30.30 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($205,636,308 ÷ 5,559,015 shares) | $ | 36.99 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($88,367,024 ÷ 2,392,054 shares) | $ | 36.94 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,510,825 | ||
Non-Cash dividends | 113,236 | |||
Income from Fidelity Central Funds (including $173,064 from security lending) | 302,559 | |||
Income before foreign taxes withheld | $ | 1,926,620 | ||
Less foreign taxes withheld | (239,035) | |||
Total Income | 1,687,585 | |||
Expenses | ||||
Management fee | $ | 1,543,411 | ||
Transfer agent fees | 373,334 | |||
Distribution and service plan fees | 305,178 | |||
Accounting fees | 113,647 | |||
Custodian fees and expenses | 80,070 | |||
Independent trustees' fees and expenses | 1,555 | |||
Registration fees | 94,846 | |||
Audit | 52,003 | |||
Legal | 825 | |||
Interest | 2,160 | |||
Miscellaneous | 1,037 | |||
Total expenses before reductions | 2,568,066 | |||
Expense reductions | (11,451) | |||
Total expenses after reductions | 2,556,615 | |||
Net Investment income (loss) | (869,030) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $275,966) | (43,751,512) | |||
Foreign currency transactions | (30,093) | |||
Total net realized gain (loss) | (43,781,605) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $611,187) | 117,519,032 | |||
Assets and liabilities in foreign currencies | 141,130 | |||
Total change in net unrealized appreciation (depreciation) | 117,660,162 | |||
Net gain (loss) | 73,878,557 | |||
Net increase (decrease) in net assets resulting from operations | $ | 73,009,527 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (869,030) | $ | (2,731,858) |
Net realized gain (loss) | (43,781,605) | (106,499,156) | ||
Change in net unrealized appreciation (depreciation) | 117,660,162 | (303,909,064) | ||
Net increase (decrease) in net assets resulting from operations | 73,009,527 | (413,140,078) | ||
Distributions to shareholders | - | (104,728,117) | ||
Share transactions - net increase (decrease) | 25,713,461 | (208,726,360) | ||
Total increase (decrease) in net assets | 98,722,988 | (726,594,555) | ||
Net Assets | ||||
Beginning of period | 368,830,665 | 1,095,425,220 | ||
End of period | $ | 467,553,653 | $ | 368,830,665 |
Fidelity Advisor® Emerging Asia Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 29.31 | $ | 61.78 | $ | 56.33 | $ | 39.85 | $ | 33.52 | $ | 39.98 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.10) | (.25) | (.40) C | (.18) | .23 | .25 | ||||||
Net realized and unrealized gain (loss) | 6.16 | (25.86) | 10.17 | 18.77 | 8.23 | (6.48) | ||||||
Total from investment operations | 6.06 | (26.11) | 9.77 | 18.59 | 8.46 | (6.23) | ||||||
Distributions from net investment income | - | - | - | (.13) D | (.19) | (.22) | ||||||
Distributions from net realized gain | - | (6.36) | (4.32) | (1.99) D | (1.93) | (.01) | ||||||
Total distributions | - | (6.36) | (4.32) | (2.11) E | (2.13) E | (.23) | ||||||
Redemption fees added to paid in capital B | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 35.37 | $ | 29.31 | $ | 61.78 | $ | 56.33 | $ | 39.85 | $ | 33.52 |
Total Return G,H,I | 20.68% | (46.56)% | 17.45% | 49.18% | 26.60% | (15.67)% | ||||||
Ratios to Average Net Assets A,J,K | ||||||||||||
Expenses before reductions | 1.29% L | 1.25% | 1.20% | 1.26% | 1.32% | 1.32% | ||||||
Expenses net of fee waivers, if any | 1.28% L | 1.25% | 1.20% | 1.26% | 1.32% | 1.32% | ||||||
Expenses net of all reductions | 1.28% L | 1.25% | 1.20% | 1.23% | 1.31% | 1.30% | ||||||
Net investment income (loss) | (.54)% L | (.61)% | (.61)% C | (.40)% | .62% | .62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 130,891 | $ | 115,657 | $ | 271,275 | $ | 208,546 | $ | 144,577 | $ | 106,775 |
Portfolio turnover rate M | 41% L | 44% | 79% | 110% | 69% N | 34% |
Fidelity Advisor® Emerging Asia Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 28.07 | $ | 59.60 | $ | 54.51 | $ | 38.61 | $ | 32.50 | $ | 38.80 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.14) | (.34) | (.55) C | (.29) | .12 | .13 | ||||||
Net realized and unrealized gain (loss) | 5.89 | (24.83) | 9.87 | 18.19 | 7.98 | (6.29) | ||||||
Total from investment operations | 5.75 | (25.17) | 9.32 | 17.90 | 8.10 | (6.16) | ||||||
Distributions from net investment income | - | - | - | (.01) D | (.05) | (.13) | ||||||
Distributions from net realized gain | - | (6.36) | (4.23) | (1.99) D | (1.93) | (.01) | ||||||
Total distributions | - | (6.36) | (4.23) | (2.00) | (1.99) E | (.14) | ||||||
Redemption fees added to paid in capital B | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 33.82 | $ | 28.07 | $ | 59.60 | $ | 54.51 | $ | 38.61 | $ | 32.50 |
Total Return G,H,I | 20.48% | (46.70)% | 17.18% | 48.78% | 26.21% | (15.93)% | ||||||
Ratios to Average Net Assets A,J,K | ||||||||||||
Expenses before reductions | 1.57% L | 1.52% | 1.45% | 1.54% | 1.61% | 1.61% | ||||||
Expenses net of fee waivers, if any | 1.56% L | 1.52% | 1.45% | 1.53% | 1.61% | 1.61% | ||||||
Expenses net of all reductions | 1.56% L | 1.52% | 1.45% | 1.51% | 1.60% | 1.59% | ||||||
Net investment income (loss) | (.82)% L | (.88)% | (.87)% C | (.68)% | .32% | .33% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 32,270 | $ | 27,239 | $ | 60,893 | $ | 54,436 | $ | 39,197 | $ | 33,478 |
Portfolio turnover rate M | 41% L | 44% | 79% | 110% | 69% N | 34% |
Fidelity Advisor® Emerging Asia Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.21 | $ | 54.45 | $ | 50.22 | $ | 35.77 | $ | 30.32 | $ | 36.29 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.20) | (.48) | (.80) C | (.47) | (.04) | (.04) | ||||||
Net realized and unrealized gain (loss) | 5.29 | (22.40) | 9.10 | 16.79 | 7.42 | (5.86) | ||||||
Total from investment operations | 5.09 | (22.88) | 8.30 | 16.32 | 7.38 | (5.90) | ||||||
Distributions from net investment income | - | - | - | - | - | (.05) | ||||||
Distributions from net realized gain | - | (6.36) | (4.07) | (1.87) | (1.93) | (.01) | ||||||
Total distributions | - | (6.36) | (4.07) | (1.87) | (1.93) | (.07) D | ||||||
Redemption fees added to paid in capital B | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 30.30 | $ | 25.21 | $ | 54.45 | $ | 50.22 | $ | 35.77 | $ | 30.32 |
Total Return F,G,H | 20.19% | (46.94)% | 16.58% | 48.03% | 25.67% | (16.30)% | ||||||
Ratios to Average Net Assets A,I,J | ||||||||||||
Expenses before reductions | 2.02% K | 1.99% | 1.96% | 2.03% | 2.08% | 2.06% | ||||||
Expenses net of fee waivers, if any | 2.02% K | 1.99% | 1.96% | 2.02% | 2.07% | 2.05% | ||||||
Expenses net of all reductions | 2.02% K | 1.99% | 1.96% | 1.99% | 2.06% | 2.04% | ||||||
Net investment income (loss) | (1.28)% K | (1.35)% | (1.37)% C | (1.17)% | (.14)% | (.11)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 10,390 | $ | 9,087 | $ | 26,377 | $ | 28,233 | $ | 23,584 | $ | 48,507 |
Portfolio turnover rate L | 41% K | 44% | 79% | 110% | 69% M | 34% |
Fidelity Advisor® Emerging Asia Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.61 | $ | 64.13 | $ | 58.29 | $ | 41.16 | $ | 34.60 | $ | 41.27 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.05) | (.14) | (.24) C | (.07) | .34 | .37 | ||||||
Net realized and unrealized gain (loss) | 6.43 | (26.95) | 10.53 | 19.42 | 8.48 | (6.68) | ||||||
Total from investment operations | 6.38 | (27.09) | 10.29 | 19.35 | 8.82 | (6.31) | ||||||
Distributions from net investment income | - | (.07) | - | (.23) D | (.33) | (.34) | ||||||
Distributions from net realized gain | - | (6.36) | (4.45) | (1.99) D | (1.93) | (.01) | ||||||
Total distributions | - | (6.43) | (4.45) | (2.22) | (2.26) | (.36) E | ||||||
Redemption fees added to paid in capital B | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 36.99 | $ | 30.61 | $ | 64.13 | $ | 58.29 | $ | 41.16 | $ | 34.60 |
Total Return G,H | 20.84% | (46.41)% | 17.77% | 49.59% | 26.93% | (15.43)% | ||||||
Ratios to Average Net Assets A,I,J | ||||||||||||
Expenses before reductions | 1.00% K | .97% | .94% | 1.00% | 1.04% | 1.03% | ||||||
Expenses net of fee waivers, if any | 1.00% K | .97% | .94% | 1.00% | 1.03% | 1.03% | ||||||
Expenses net of all reductions | 1.00% K | .97% | .94% | .97% | 1.03% | 1.02% | ||||||
Net investment income (loss) | (.26)% K | (.33)% | (.36)% C | (.14)% | .90% | .91% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 205,636 | $ | 143,659 | $ | 472,553 | $ | 414,664 | $ | 76,981 | $ | 59,527 |
Portfolio turnover rate L | 41% K | 44% | 79% | 110% | 69% M | 34% |
Fidelity Advisor® Emerging Asia Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.55 | $ | 64.10 | $ | 58.22 | $ | 41.12 | $ | 34.60 | $ | 38.03 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | (.02) | (.08) | (.15) D | - E | .40 | - | ||||||
Net realized and unrealized gain (loss) | 6.41 | (26.89) | 10.50 | 19.38 | 8.47 | (3.43) | ||||||
Total from investment operations | 6.39 | (26.97) | 10.35 | 19.38 | 8.87 | (3.43) | ||||||
Distributions from net investment income | - | (.22) | - | (.30) F | (.42) | - | ||||||
Distributions from net realized gain | - | (6.36) | (4.47) | (1.99) F | (1.93) | - | ||||||
Total distributions | - | (6.58) | (4.47) | (2.28) G | (2.35) | - | ||||||
Redemption fees added to paid in capital C | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 36.94 | $ | 30.55 | $ | 64.10 | $ | 58.22 | $ | 41.12 | $ | 34.60 |
Total Return H,I | 20.92% | (46.34)% | 17.92% | 49.80% | 27.14% | (9.02)% | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | .87% L | .84% | .81% | .86% | .89% | .97% L | ||||||
Expenses net of fee waivers, if any | .87% L | .84% | .81% | .85% | .89% | .97% L | ||||||
Expenses net of all reductions | .87% L | .84% | .81% | .82% | .89% | .95% L | ||||||
Net investment income (loss) | (.13)% L | (.20)% | (.22)% D | -% | 1.04% | (.02)% L | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 88,367 | $ | 73,190 | $ | 264,327 | $ | 103,477 | $ | 44,545 | $ | 573 |
Portfolio turnover rate M | 41% L | 44% | 79% | 110% | 69% N | 34% L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $5,770,227 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.4 - 8.5 / 3.9 | Increase |
Market approach | Transaction price | $9.50 | Increase | ||
Discount rate | 20.0% | Decrease |
Gross unrealized appreciation | $102,892,555 |
Gross unrealized depreciation | (127,552,182) |
Net unrealized appreciation (depreciation) | $(24,659,627) |
Tax cost | $495,143,694 |
Short-term | $(78,311,856) |
Long-term | (16,102,985) |
Total capital loss carryforward | $(94,414,841) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Emerging Asia Fund | 111,565,569 | 90,687,454 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $169,503 | $4,252 |
Class M | .25% | .25% | 81,764 | 1,192 |
Class C | .75% | .25% | 53,911 | 4,220 |
$305,178 | $9,664 |
Retained by FDC | |
Class A | $17,459 |
Class M | 641 |
Class C A | 2,185 |
$20,285 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $140,366 | .21 |
Class M | 38,722 | .24 |
Class C | 10,353 | .19 |
Class I | 165,175 | .18 |
Class Z | 18,718 | .04 |
$373,334 |
% of Average Net Assets | |
Fidelity Advisor Emerging Asia Fund | .05 |
Amount | |
Fidelity Advisor Emerging Asia Fund | $1,377 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Advisor Emerging Asia Fund | Borrower | $ 2,193,000 | 5.07% | $2,160 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Emerging Asia Fund | 4,873,573 | 1,861,746 | (1,853,994) |
Amount | |
Fidelity Advisor Emerging Asia Fund | $439 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Emerging Asia Fund | $18,040 | $- | $- |
Expense reduction | |
Class A | $38 |
Class M | 837 |
$875 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Emerging Asia Fund | ||
Distributions to shareholders | ||
Class A | $- | $27,605,234 |
Class M | - | 6,405,957 |
Class C | - | 3,015,354 |
Class I | - | 42,937,059 |
Class Z | - | 24,764,513 |
Total | $- | $ 104,728,117 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Emerging Asia Fund | ||||
Class A | ||||
Shares sold | 179,937 | 474,081 | $6,599,688 | $20,768,431 |
Reinvestment of distributions | - | 516,286 | - | 25,984,674 |
Shares redeemed | (424,924) | (1,435,593) | (15,132,296) | (60,073,872) |
Net increase (decrease) | (244,987) | (445,226) | $(8,532,608) | $(13,320,767) |
Class M | ||||
Shares sold | 37,528 | 46,981 | $1,338,169 | $1,881,900 |
Reinvestment of distributions | - | 130,630 | - | 6,310,726 |
Shares redeemed | (53,858) | (228,864) | (1,832,296) | (9,396,826) |
Net increase (decrease) | (16,330) | (51,253) | $(494,127) | $(1,204,200) |
Class C | ||||
Shares sold | 46,797 | 35,055 | $1,462,801 | $1,345,214 |
Reinvestment of distributions | - | 67,051 | - | 2,921,417 |
Shares redeemed | (64,390) | (225,989) | (1,971,162) | (7,995,961) |
Net increase (decrease) | (17,593) | (123,883) | $(508,361) | $(3,729,330) |
Class I | ||||
Shares sold | 2,030,829 | 3,164,485 | $78,315,783 | $134,416,746 |
Reinvestment of distributions | - | 719,977 | - | 37,747,435 |
Shares redeemed | (1,164,456) | (6,560,309) | (43,090,789) | (296,930,506) |
Net increase (decrease) | 866,373 | (2,675,847) | $35,224,994 | $(124,766,325) |
Class Z | ||||
Shares sold | 302,466 | 1,627,717 | $11,286,619 | $70,775,268 |
Reinvestment of distributions | - | 435,106 | - | 22,737,349 |
Shares redeemed | (305,991) | (3,790,879) | (11,263,056) | (159,218,355) |
Net increase (decrease) | (3,525) | (1,728,056) | $23,563 | $(65,705,738) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Emerging Asia Fund | ||||||||||
Class A | 1.28% | |||||||||
Actual | $ 1,000 | $ 1,206.80 | $ 7.00 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.45 | $ 6.41 | |||||||
Class M | 1.56% | |||||||||
Actual | $ 1,000 | $ 1,204.80 | $ 8.53 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.06 | $ 7.80 | |||||||
Class C | 2.02% | |||||||||
Actual | $ 1,000 | $ 1,201.90 | $ 11.03 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.78 | $ 10.09 | |||||||
Class I | 1.00% | |||||||||
Actual | $ 1,000 | $ 1,208.40 | $ 5.48 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.84 | $ 5.01 | |||||||
Class Z | .87% | |||||||||
Actual | $ 1,000 | $ 1,209.20 | $ 4.77 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.48 | $ 4.36 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.9 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.8 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.5 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.5 | |
L'Oreal SA (France, Personal Care Products) | 2.2 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.2 | |
Hermes International SCA (France, Textiles, Apparel & Luxury Goods) | 2.0 | |
Diageo PLC (United Kingdom, Beverages) | 2.0 | |
Constellation Software, Inc. (Canada, Software) | 1.9 | |
24.0 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 24.1 | |
Industrials | 22.9 | |
Financials | 12.6 | |
Consumer Discretionary | 12.4 | |
Materials | 9.3 | |
Consumer Staples | 9.1 | |
Health Care | 8.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.7% | |||
Shares | Value ($) | ||
Brazil - 1.6% | |||
MercadoLibre, Inc. (a) | 70,322 | 89,835,652 | |
Canada - 9.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,803,666 | 90,020,220 | |
Canadian National Railway Co. | 761,006 | 90,712,971 | |
Canadian Pacific Kansas City Ltd. | 1,172,111 | 92,395,066 | |
Constellation Software, Inc. | 54,680 | 107,024,038 | |
GFL Environmental, Inc. | 1,938,980 | 70,426,398 | |
Thomson Reuters Corp. | 717,706 | 94,376,869 | |
TOTAL CANADA | 544,955,562 | ||
China - 1.3% | |||
NXP Semiconductors NV | 438,584 | 71,813,744 | |
Denmark - 4.5% | |||
DSV A/S | 506,732 | 95,173,776 | |
Novo Nordisk A/S Series B | 927,069 | 154,222,099 | |
TOTAL DENMARK | 249,395,875 | ||
France - 15.5% | |||
Air Liquide SA | 585,478 | 105,321,773 | |
Capgemini SA | 446,490 | 81,128,711 | |
Dassault Systemes SA | 2,190,979 | 88,530,172 | |
Hermes International SCA | 51,214 | 110,991,847 | |
L'Oreal SA (b) | 259,887 | 123,926,395 | |
LVMH Moet Hennessy Louis Vuitton SE | 174,811 | 168,147,438 | |
Pernod Ricard SA | 439,738 | 101,464,205 | |
Safran SA | 523,500 | 81,414,598 | |
TOTAL FRANCE | 860,925,139 | ||
Germany - 1.7% | |||
Infineon Technologies AG | 2,513,312 | 91,526,718 | |
India - 6.3% | |||
HCL Technologies Ltd. | 6,215,153 | 81,342,922 | |
HDFC Bank Ltd. | 4,332,005 | 89,659,619 | |
ICICI Bank Ltd. | 8,738,715 | 98,686,215 | |
ITC Ltd. | 15,617,267 | 81,526,253 | |
TOTAL INDIA | 351,215,009 | ||
Indonesia - 1.7% | |||
PT Bank Central Asia Tbk | 153,701,789 | 95,118,586 | |
Ireland - 2.9% | |||
CRH PLC | 1,596,100 | 77,018,170 | |
Kingspan Group PLC (Ireland) | 1,238,247 | 85,549,408 | |
TOTAL IRELAND | 162,567,578 | ||
Israel - 1.4% | |||
NICE Ltd. sponsored ADR (a) | 393,905 | 80,360,559 | |
Italy - 1.8% | |||
Ferrari NV (Italy) | 366,752 | 101,960,492 | |
Japan - 6.4% | |||
Hoya Corp. | 854,893 | 89,639,841 | |
Keyence Corp. | 220,484 | 99,428,648 | |
Shin-Etsu Chemical Co. Ltd. | 2,775,000 | 79,186,905 | |
Tokyo Electron Ltd. | 749,580 | 85,831,039 | |
TOTAL JAPAN | 354,086,433 | ||
Korea (South) - 2.6% | |||
LG Chemical Ltd. | 136,490 | 75,847,980 | |
Samsung SDI Co. Ltd. | 135,980 | 70,597,787 | |
TOTAL KOREA (SOUTH) | 146,445,767 | ||
Netherlands - 6.0% | |||
ASM International NV (Netherlands) | 255,717 | 92,436,145 | |
ASML Holding NV (Netherlands) | 217,323 | 137,335,020 | |
Wolters Kluwer NV | 761,696 | 100,843,435 | |
TOTAL NETHERLANDS | 330,614,600 | ||
Sweden - 1.8% | |||
Atlas Copco AB (A Shares) | 7,005,362 | 101,169,093 | |
Switzerland - 3.9% | |||
Compagnie Financiere Richemont SA Series A | 734,307 | 121,381,587 | |
Sika AG | 349,134 | 96,438,848 | |
TOTAL SWITZERLAND | 217,820,435 | ||
Taiwan - 2.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 9,777,888 | 160,006,817 | |
United Kingdom - 11.2% | |||
Ashtead Group PLC | 1,234,149 | 70,990,037 | |
AstraZeneca PLC (United Kingdom) | 949,099 | 139,672,243 | |
Compass Group PLC | 3,837,690 | 101,241,948 | |
Diageo PLC | 2,362,947 | 107,788,449 | |
RELX PLC (London Stock Exchange) | 3,057,840 | 101,684,204 | |
Rentokil Initial PLC | 12,680,920 | 100,956,032 | |
TOTAL UNITED KINGDOM | 622,332,913 | ||
United States of America - 15.4% | |||
Fiserv, Inc. (a) | 572,800 | 69,950,336 | |
Linde PLC | 241,689 | 89,292,001 | |
Marsh & McLennan Companies, Inc. | 500,626 | 90,207,799 | |
MasterCard, Inc. Class A | 222,129 | 84,415,684 | |
Moody's Corp. | 275,143 | 86,152,776 | |
S&P Global, Inc. | 234,653 | 85,080,485 | |
Schneider Electric SA | 603,024 | 105,162,499 | |
SolarEdge Technologies, Inc. (a) | 282,433 | 80,671,338 | |
Thermo Fisher Scientific, Inc. | 142,702 | 79,185,340 | |
Waste Connections, Inc. (Canada) | 611,365 | 85,041,036 | |
TOTAL UNITED STATES OF AMERICA | 855,159,294 | ||
TOTAL COMMON STOCKS (Cost $4,262,902,179) | 5,487,310,266 | ||
Money Market Funds - 2.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) | 56,600,521 | 56,611,841 | |
Fidelity Securities Lending Cash Central Fund 4.88% (c)(d) | 100,289,971 | 100,300,000 | |
TOTAL MONEY MARKET FUNDS (Cost $156,911,841) | 156,911,841 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% (Cost $4,419,814,020) | 5,644,222,107 |
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (83,859,989) |
NET ASSETS - 100.0% | 5,560,362,118 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 28,494,587 | 779,906,108 | 751,788,854 | 998,313 | - | - | 56,611,841 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 16,572,566 | 230,511,244 | 146,783,810 | 28,809 | - | - | 100,300,000 | 0.3% |
Total | 45,067,153 | 1,010,417,352 | 898,572,664 | 1,027,122 | - | - | 156,911,841 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 693,558,964 | 302,787,991 | 390,770,973 | - |
Consumer Staples | 504,725,522 | 315,410,820 | 189,314,702 | - |
Financials | 699,271,500 | 415,807,080 | 283,464,420 | - |
Health Care | 462,719,523 | 79,185,340 | 383,534,183 | - |
Industrials | 1,275,895,422 | 988,362,293 | 287,533,129 | - |
Information Technology | 1,328,033,658 | 739,299,727 | 588,733,931 | - |
Materials | 523,105,677 | 89,292,001 | 433,813,676 | - |
Money Market Funds | 156,911,841 | 156,911,841 | - | - |
Total Investments in Securities: | 5,644,222,107 | 3,087,057,093 | 2,557,165,014 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $95,551,211) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,262,902,179) | $ | 5,487,310,266 | ||
Fidelity Central Funds (cost $156,911,841) | 156,911,841 | |||
Total Investment in Securities (cost $4,419,814,020) | $ | 5,644,222,107 | ||
Foreign currency held at value (cost $869,598) | 864,531 | |||
Receivable for fund shares sold | 6,482,361 | |||
Dividends receivable | 12,153,065 | |||
Reclaims receivable | 9,939,492 | |||
Interest receivable | 3,532 | |||
Distributions receivable from Fidelity Central Funds | 267,625 | |||
Prepaid expenses | 2,175 | |||
Other receivables | 1,964,989 | |||
Total assets | 5,675,899,877 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 6,821,896 | ||
Accrued management fee | 2,797,528 | |||
Distribution and service plan fees payable | 252,926 | |||
Other affiliated payables | 765,876 | |||
Other payables and accrued expenses | 4,599,533 | |||
Collateral on securities loaned | 100,300,000 | |||
Total Liabilities | 115,537,759 | |||
Net Assets | $ | 5,560,362,118 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,014,180,898 | ||
Total accumulated earnings (loss) | 546,181,220 | |||
Net Assets | $ | 5,560,362,118 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($485,290,039 ÷ 19,584,320 shares) (a) | $ | 24.78 | ||
Maximum offering price per share (100/94.25 of $24.78) | $ | 26.29 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($152,863,298 ÷ 6,369,762 shares) (a) | $ | 24.00 | ||
Maximum offering price per share (100/96.50 of $24.00) | $ | 24.87 | ||
Class C : | ||||
Net Asset Value and offering price per share ($107,300,327 ÷ 5,070,207 shares) (a) | $ | 21.16 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($3,702,267,894 ÷ 138,820,070 shares) | $ | 26.67 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($1,112,640,560 ÷ 41,594,774 shares) | $ | 26.75 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 34,274,322 | ||
Non-Cash dividends | 1,746,262 | |||
Foreign Tax Reclaims | 1,890,815 | |||
Interest | 9,202 | |||
Income from Fidelity Central Funds (including $28,809 from security lending) | 1,027,122 | |||
Income before foreign taxes withheld | $ | 38,947,723 | ||
Less foreign taxes withheld | (4,837,186) | |||
Total Income | 34,110,537 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 17,712,721 | ||
Performance adjustment | (661,296) | |||
Transfer agent fees | 3,729,041 | |||
Distribution and service plan fees | 1,447,482 | |||
Accounting fees | 752,623 | |||
Custodian fees and expenses | 247,008 | |||
Independent trustees' fees and expenses | 17,783 | |||
Registration fees | 124,537 | |||
Audit | 98,929 | |||
Legal | 5,627 | |||
Interest | 142,834 | |||
Miscellaneous | 11,582 | |||
Total expenses before reductions | 23,628,871 | |||
Expense reductions | (120,618) | |||
Total expenses after reductions | 23,508,253 | |||
Net Investment income (loss) | 10,602,284 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $650,736) | 43,200,309 | |||
Foreign currency transactions | 684,362 | |||
Total net realized gain (loss) | 43,884,671 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $3,138,929) | 960,019,394 | |||
Assets and liabilities in foreign currencies | 964,645 | |||
Total change in net unrealized appreciation (depreciation) | 960,984,039 | |||
Net gain (loss) | 1,004,868,710 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,015,470,994 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 10,602,284 | $ | 3,907,978 |
Net realized gain (loss) | 43,884,671 | (676,076,285) | ||
Change in net unrealized appreciation (depreciation) | 960,984,039 | (1,992,982,884) | ||
Net increase (decrease) in net assets resulting from operations | 1,015,470,994 | (2,665,151,191) | ||
Distributions to shareholders | - | (331,230,760) | ||
Share transactions - net increase (decrease) | (200,360,593) | (1,186,280,809) | ||
Total increase (decrease) in net assets | 815,110,401 | (4,182,662,760) | ||
Net Assets | ||||
Beginning of period | 4,745,251,717 | 8,927,914,477 | ||
End of period | $ | 5,560,362,118 | $ | 4,745,251,717 |
Fidelity Advisor® International Capital Appreciation Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.33 | $ | 30.72 | $ | 24.14 | $ | 21.45 | $ | 17.63 | $ | 19.14 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | (.04) | (.09) | - C | .11 D | .07 | ||||||
Net realized and unrealized gain (loss) | 4.43 | (9.21) | 6.67 | 2.77 | 3.75 | (1.57) | ||||||
Total from investment operations | 4.45 | (9.25) | 6.58 | 2.77 | 3.86 | (1.50) | ||||||
Distributions from net investment income | - | - | - | (.08) | (.04) | (.01) | ||||||
Distributions from net realized gain | - | (1.14) | - | - | - | - | ||||||
Total distributions | - | (1.14) | - | (.08) | (.04) | (.01) | ||||||
Net asset value, end of period | $ | 24.78 | $ | 20.33 | $ | 30.72 | $ | 24.14 | $ | 21.45 | $ | 17.63 |
Total Return E,F,G | 21.89% | (31.18)% | 27.26% | 12.97% | 21.93% | (7.85)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.14% J | 1.24% | 1.23% | 1.28% | 1.27% | 1.29% | ||||||
Expenses net of fee waivers, if any | 1.13% J | 1.24% | 1.23% | 1.28% | 1.27% | 1.29% | ||||||
Expenses net of all reductions | 1.13% J | 1.24% | 1.23% | 1.24% | 1.25% | 1.23% | ||||||
Net investment income (loss) | .17% J | (.18)% | (.30)% | (.01)% | .57% D | .35% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 485,290 | $ | 400,112 | $ | 592,640 | $ | 382,795 | $ | 278,326 | $ | 190,278 |
Portfolio turnover rate K | 90% J | 110% L | 128% | 121% | 133% | 151% |
Fidelity Advisor® International Capital Appreciation Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.71 | $ | 29.82 | $ | 23.49 | $ | 20.89 | $ | 17.17 | $ | 18.68 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | (.10) | (.15) | (.06) | .06 C | .02 | ||||||
Net realized and unrealized gain (loss) | 4.30 | (8.95) | 6.48 | 2.70 | 3.66 | (1.53) | ||||||
Total from investment operations | 4.29 | (9.05) | 6.33 | 2.64 | 3.72 | (1.51) | ||||||
Distributions from net investment income | - | - | - | (.04) | - | - | ||||||
Distributions from net realized gain | - | (1.06) | - | - | - | - | ||||||
Total distributions | - | (1.06) | - | (.04) | - | - | ||||||
Net asset value, end of period | $ | 24.00 | $ | 19.71 | $ | 29.82 | $ | 23.49 | $ | 20.89 | $ | 17.17 |
Total Return D,E,F | 21.77% | (31.39)% | 26.95% | 12.67% | 21.67% | (8.08)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.39% I | 1.49% | 1.49% | 1.53% | 1.53% | 1.55% | ||||||
Expenses net of fee waivers, if any | 1.39% I | 1.49% | 1.48% | 1.53% | 1.53% | 1.55% | ||||||
Expenses net of all reductions | 1.39% I | 1.49% | 1.48% | 1.49% | 1.51% | 1.49% | ||||||
Net investment income (loss) | (.08)% I | (.43)% | (.55)% | (.26)% | .31% C | .10% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 152,863 | $ | 126,232 | $ | 191,997 | $ | 143,072 | $ | 127,176 | $ | 87,750 |
Portfolio turnover rate J | 90% I | 110% K | 128% | 121% | 133% | 151% |
Fidelity Advisor® International Capital Appreciation Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.43 | $ | 26.58 | $ | 21.04 | $ | 18.77 | $ | 15.51 | $ | 16.95 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.06) | (.20) | (.26) | (.15) | (.03) C | (.07) | ||||||
Net realized and unrealized gain (loss) | 3.79 | (7.92) | 5.80 | 2.42 | 3.29 | (1.37) | ||||||
Total from investment operations | 3.73 | (8.12) | 5.54 | 2.27 | 3.26 | (1.44) | ||||||
Distributions from net realized gain | - | (1.03) | - | - | - | - | ||||||
Total distributions | - | (1.03) | - | - | - | - | ||||||
Net asset value, end of period | $ | 21.16 | $ | 17.43 | $ | 26.58 | $ | 21.04 | $ | 18.77 | $ | 15.51 |
Total Return D,E,F | 21.40% | (31.70)% | 26.33% | 12.09% | 21.02% | (8.50)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.89% I | 1.99% | 1.98% | 2.02% | 2.02% | 2.04% | ||||||
Expenses net of fee waivers, if any | 1.88% I | 1.99% | 1.98% | 2.02% | 2.01% | 2.04% | ||||||
Expenses net of all reductions | 1.88% I | 1.99% | 1.98% | 1.99% | 2.00% | 1.99% | ||||||
Net investment income (loss) | (.58)% I | (.93)% | (1.05)% | (.75)% | (.17)% C | (.40)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 107,300 | $ | 97,124 | $ | 169,018 | $ | 125,630 | $ | 112,150 | $ | 107,858 |
Portfolio turnover rate J | 90% I | 110% K | 128% | 121% | 133% | 151% |
Fidelity Advisor® International Capital Appreciation Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.85 | $ | 32.92 | $ | 25.83 | $ | 22.93 | $ | 18.85 | $ | 20.44 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .02 | (.01) | .06 | .18 C | .13 | ||||||
Net realized and unrealized gain (loss) | 4.77 | (9.88) | 7.13 | 2.97 | 4.00 | (1.68) | ||||||
Total from investment operations | 4.82 | (9.86) | 7.12 | 3.03 | 4.18 | (1.55) | ||||||
Distributions from net investment income | - | - | (.03) | (.13) | (.10) | (.04) | ||||||
Distributions from net realized gain | - | (1.21) | - | - | - | - | ||||||
Total distributions | - | (1.21) | (.03) | (.13) | (.10) | (.04) | ||||||
Net asset value, end of period | $ | 26.67 | $ | 21.85 | $ | 32.92 | $ | 25.83 | $ | 22.93 | $ | 18.85 |
Total Return D,E | 22.06% | (31.01)% | 27.60% | 13.28% | 22.29% | (7.58)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .87% H | .98% | .97% | 1.01% | .99% | 1.02% | ||||||
Expenses net of fee waivers, if any | .86% H | .97% | .97% | 1.01% | .99% | 1.02% | ||||||
Expenses net of all reductions | .86% H | .97% | .97% | .97% | .98% | .96% | ||||||
Net investment income (loss) | .44% H | .08% | (.04)% | .26% | .85% C | .63% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,702,268 | $ | 3,228,604 | $ | 6,128,293 | $ | 3,883,309 | $ | 2,020,956 | $ | 1,115,089 |
Portfolio turnover rate I | 90% H | 110% J | 128% | 121% | 133% | 151% |
Fidelity Advisor® International Capital Appreciation Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.90 | $ | 32.99 | $ | 25.88 | $ | 22.96 | $ | 18.88 | $ | 20.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .06 | .03 | .09 | .21 C | .16 | ||||||
Net realized and unrealized gain (loss) | 4.78 | (9.91) | 7.14 | 2.98 | 3.99 | (1.68) | ||||||
Total from investment operations | 4.85 | (9.85) | 7.17 | 3.07 | 4.20 | (1.52) | ||||||
Distributions from net investment income | - | - | (.06) | (.15) | (.12) | (.06) | ||||||
Distributions from net realized gain | - | (1.24) | - | - | - | - | ||||||
Total distributions | - | (1.24) | (.06) | (.15) | (.12) | (.06) | ||||||
Net asset value, end of period | $ | 26.75 | $ | 21.90 | $ | 32.99 | $ | 25.88 | $ | 22.96 | $ | 18.88 |
Total Return D,E | 22.15% | (30.93)% | 27.73% | 13.45% | 22.41% | (7.46)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .75% H | .85% | .85% | .88% | .87% | .89% | ||||||
Expenses net of fee waivers, if any | .74% H | .85% | .85% | .88% | .87% | .89% | ||||||
Expenses net of all reductions | .74% H | .85% | .85% | .84% | .85% | .83% | ||||||
Net investment income (loss) | .56% H | .21% | .09% | .39% | .97% C | .76% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,112,641 | $ | 893,180 | $ | 1,845,967 | $ | 1,130,329 | $ | 403,241 | $ | 153,913 |
Portfolio turnover rate I | 90% H | 110% J | 128% | 121% | 133% | 151% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,286,165,067 |
Gross unrealized depreciation | (79,703,283) |
Net unrealized appreciation (depreciation) | $1,206,461,784 |
Tax cost | $4,437,760,323 |
Short-term | $(675,038,045) |
Purchases ($) | Sales ($) | |
Fidelity Advisor International Capital Appreciation Fund | 2,322,327,163 | 2,537,390,879 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Advisor International Capital Appreciation Fund | 3,284,668 | 22,971,788 | 77,879,471 | Class Z |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $563,549 | $19,997 |
Class M | .25% | .25% | 357,098 | 4,963 |
Class C | .75% | .25% | 526,835 | 36,599 |
$1,447,482 | $61,559 |
Retained by FDC | |
Class A | $174,947 |
Class M | 4,970 |
Class C A | 12,726 |
$192,643 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $406,205 | .18 |
Class M | 131,657 | .18 |
Class C | 95,501 | .18 |
Class I | 2,880,574 | .16 |
Class Z | 215,104 | .04 |
$3,729,041 |
% of Average Net Assets | |
Fidelity Advisor International Capital Appreciation Fund | .03 |
Amount | |
Fidelity Advisor International Capital Appreciation Fund | $3,251 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Advisor International Capital Appreciation Fund | Borrower | 28,795,568 | 4.83% | $142,834 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor International Capital Appreciation Fund | 56,132,715 | 67,520,226 | 3,974,943 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Advisor International Capital Appreciation Fund | 2,686,511 | 22,462,483 | 71,085,075 | Class Z |
Amount | |
Fidelity Advisor International Capital Appreciation Fund | $5,046 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor International Capital Appreciation Fund | $3,697 | $- | $- |
Expense reduction | |
Class M | $249 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor International Capital Appreciation Fund | ||
Distributions to shareholders | ||
Class A | $- | $22,095,588 |
Class M | - | 6,798,915 |
Class C | - | 6,513,172 |
Class I | - | 225,434,044 |
Class Z | - | 70,389,041 |
Total | $- | $ 331,230,760 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor International Capital Appreciation Fund | ||||
Class A | ||||
Shares sold | 2,349,650 | 5,318,850 | $54,884,755 | $133,790,081 |
Reinvestment of distributions | - | 731,540 | - | 20,900,107 |
Shares redeemed | (2,447,829) | (5,656,700) | (56,459,816) | (134,450,301) |
Net increase (decrease) | (98,179) | 393,690 | $(1,575,061) | $20,239,887 |
Class M | ||||
Shares sold | 394,220 | 841,710 | $9,018,731 | $20,169,126 |
Reinvestment of distributions | - | 243,281 | - | 6,755,923 |
Shares redeemed | (428,178) | (1,120,170) | (9,634,902) | (26,759,208) |
Net increase (decrease) | (33,958) | (35,179) | $(616,171) | $165,841 |
Class C | ||||
Shares sold | 212,440 | 489,567 | $4,286,807 | $10,790,090 |
Reinvestment of distributions | - | 247,677 | - | 6,107,712 |
Shares redeemed | (715,541) | (1,522,610) | (14,173,169) | (31,050,187) |
Net increase (decrease) | (503,101) | (785,366) | $(9,886,362) | $(14,152,385) |
Class I | ||||
Shares sold | 21,447,599 | 57,508,310 | $537,888,886 | $1,522,042,044 |
Reinvestment of distributions | - | 5,847,457 | - | 179,166,081 |
Shares redeemed | (30,391,628) | (101,740,037) | (748,815,054) | (2,552,570,479) |
Net increase (decrease) | (8,944,029) | (38,384,270) | $(210,926,168) | $(851,362,354) |
Class Z | ||||
Shares sold | 8,950,878 | 21,509,843 | $223,596,197 | $577,524,025 |
Reinvestment of distributions | - | 1,780,120 | - | 54,614,079 |
Shares redeemed | (8,137,301) | (38,456,808) | (200,953,028) | (973,309,902) |
Net increase (decrease) | 813,577 | (15,166,845) | $22,643,169 | $(341,171,798) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® International Capital Appreciation Fund | ||||||||||
Class A | 1.13% | |||||||||
Actual | $ 1,000 | $ 1,218.90 | $ 6.22 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.19 | $ 5.66 | |||||||
Class M | 1.39% | |||||||||
Actual | $ 1,000 | $ 1,217.70 | $ 7.64 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.90 | $ 6.95 | |||||||
Class C | 1.88% | |||||||||
Actual | $ 1,000 | $ 1,214.00 | $ 10.32 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.47 | $ 9.39 | |||||||
Class I | .86% | |||||||||
Actual | $ 1,000 | $ 1,220.60 | $ 4.74 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.53 | $ 4.31 | |||||||
Class Z | .74% | |||||||||
Actual | $ 1,000 | $ 1,221.50 | $ 4.08 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.12 | $ 3.71 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 6.0 | |
Berkshire Hathaway, Inc. Class B | 5.5 | |
Comcast Corp. Class A | 4.8 | |
Activision Blizzard, Inc. | 4.4 | |
Cigna Group | 4.1 | |
Centene Corp. | 3.9 | |
JPMorgan Chase & Co. | 3.9 | |
PG&E Corp. | 3.7 | |
Bank of America Corp. | 3.3 | |
Samsung Electronics Co. Ltd. | 3.1 | |
42.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.3 | |
Health Care | 19.6 | |
Communication Services | 10.7 | |
Energy | 10.4 | |
Utilities | 9.2 | |
Consumer Staples | 7.1 | |
Information Technology | 6.0 | |
Industrials | 5.4 | |
Consumer Discretionary | 3.8 | |
Materials | 1.9 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.3% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 10.7% | |||
Entertainment - 4.4% | |||
Activision Blizzard, Inc. | 20,125 | 1,563,914 | |
Interactive Media & Services - 1.5% | |||
Alphabet, Inc. Class A (a) | 4,780 | 513,085 | |
Media - 4.8% | |||
Comcast Corp. Class A | 41,023 | 1,697,122 | |
TOTAL COMMUNICATION SERVICES | 3,774,121 | ||
CONSUMER DISCRETIONARY - 3.8% | |||
Diversified Consumer Services - 2.9% | |||
H&R Block, Inc. | 30,206 | 1,024,285 | |
Specialty Retail - 0.9% | |||
Ross Stores, Inc. | 2,991 | 319,229 | |
TOTAL CONSUMER DISCRETIONARY | 1,343,514 | ||
CONSUMER STAPLES - 7.1% | |||
Consumer Staples Distribution & Retail - 1.1% | |||
Dollar General Corp. | 1,707 | 378,032 | |
Food Products - 4.0% | |||
Mondelez International, Inc. | 11,064 | 848,830 | |
Tyson Foods, Inc. Class A | 9,199 | 574,846 | |
1,423,676 | |||
Household Products - 2.0% | |||
Reckitt Benckiser Group PLC | 8,571 | 692,621 | |
TOTAL CONSUMER STAPLES | 2,494,329 | ||
ENERGY - 10.4% | |||
Oil, Gas & Consumable Fuels - 10.4% | |||
ConocoPhillips Co. | 9,722 | 1,000,297 | |
Exxon Mobil Corp. | 17,915 | 2,120,058 | |
Ovintiv, Inc. | 7,958 | 287,125 | |
Parex Resources, Inc. | 14,100 | 286,298 | |
3,693,778 | |||
FINANCIALS - 23.3% | |||
Banks - 13.2% | |||
Bank of America Corp. | 40,484 | 1,185,372 | |
JPMorgan Chase & Co. | 9,993 | 1,381,432 | |
M&T Bank Corp. | 3,543 | 445,709 | |
PNC Financial Services Group, Inc. | 4,564 | 594,461 | |
U.S. Bancorp | 14,986 | 513,720 | |
Wells Fargo & Co. | 13,706 | 544,814 | |
4,665,508 | |||
Financial Services - 5.5% | |||
Berkshire Hathaway, Inc. Class B (a) | 5,893 | 1,936,145 | |
Insurance - 4.6% | |||
Chubb Ltd. | 3,413 | 687,924 | |
The Travelers Companies, Inc. | 3,265 | 591,422 | |
Willis Towers Watson PLC | 1,596 | 369,634 | |
1,648,980 | |||
TOTAL FINANCIALS | 8,250,633 | ||
HEALTH CARE - 19.6% | |||
Health Care Providers & Services - 14.5% | |||
Centene Corp. (a) | 20,142 | 1,388,388 | |
Cigna Group | 5,701 | 1,444,006 | |
Elevance Health, Inc. | 1,635 | 766,243 | |
Humana, Inc. | 1,280 | 679,027 | |
UnitedHealth Group, Inc. | 1,731 | 851,808 | |
5,129,472 | |||
Pharmaceuticals - 5.1% | |||
AstraZeneca PLC sponsored ADR | 8,948 | 655,173 | |
Roche Holding AG (participation certificate) | 1,417 | 443,720 | |
Sanofi SA sponsored ADR | 12,795 | 686,452 | |
1,785,345 | |||
TOTAL HEALTH CARE | 6,914,817 | ||
INDUSTRIALS - 5.4% | |||
Aerospace & Defense - 1.9% | |||
Northrop Grumman Corp. | 1,414 | 652,236 | |
Electrical Equipment - 1.7% | |||
Regal Rexnord Corp. | 4,631 | 602,771 | |
Industrial Conglomerates - 1.8% | |||
Siemens AG | 3,869 | 637,736 | |
TOTAL INDUSTRIALS | 1,892,743 | ||
INFORMATION TECHNOLOGY - 2.9% | |||
IT Services - 1.6% | |||
Amdocs Ltd. | 6,102 | 556,808 | |
Software - 1.3% | |||
Gen Digital, Inc. | 27,339 | 483,080 | |
TOTAL INFORMATION TECHNOLOGY | 1,039,888 | ||
MATERIALS - 1.9% | |||
Chemicals - 1.4% | |||
DuPont de Nemours, Inc. | 7,430 | 518,020 | |
Metals & Mining - 0.5% | |||
Lundin Mining Corp. | 21,707 | 165,825 | |
TOTAL MATERIALS | 683,845 | ||
UTILITIES - 9.2% | |||
Electric Utilities - 8.0% | |||
Constellation Energy Corp. | 6,195 | 479,493 | |
NextEra Energy, Inc. | 4,362 | 334,260 | |
PG&E Corp. (a) | 76,616 | 1,310,900 | |
Southern Co. | 9,626 | 707,992 | |
2,832,645 | |||
Independent Power and Renewable Electricity Producers - 1.2% | |||
The AES Corp. | 18,082 | 427,820 | |
TOTAL UTILITIES | 3,260,465 | ||
TOTAL COMMON STOCKS (Cost $27,353,107) | 33,348,133 | ||
Nonconvertible Preferred Stocks - 3.1% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 3.1% | |||
Technology Hardware, Storage & Peripherals - 3.1% | |||
Samsung Electronics Co. Ltd. (Cost $1,094,099) | 26,628 | 1,113,621 | |
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (b) (Cost $1,039,664) | 1,039,456 | 1,039,664 | |
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $29,486,870) | 35,501,418 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (120,971) |
NET ASSETS - 100.0% | 35,380,447 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 1,657,491 | 8,625,547 | 9,243,374 | 30,531 | - | - | 1,039,664 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 1,524 | 1,524 | - | - | - | - | 0.0% |
Total | 1,657,491 | 8,627,071 | 9,244,898 | 30,531 | - | - | 1,039,664 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 3,774,121 | 3,774,121 | - | - |
Consumer Discretionary | 1,343,514 | 1,343,514 | - | - |
Consumer Staples | 2,494,329 | 1,801,708 | 692,621 | - |
Energy | 3,693,778 | 3,693,778 | - | - |
Financials | 8,250,633 | 8,250,633 | - | - |
Health Care | 6,914,817 | 6,471,097 | 443,720 | - |
Industrials | 1,892,743 | 1,255,007 | 637,736 | - |
Information Technology | 2,153,509 | 1,039,888 | 1,113,621 | - |
Materials | 683,845 | 683,845 | - | - |
Utilities | 3,260,465 | 3,260,465 | - | - |
Money Market Funds | 1,039,664 | 1,039,664 | - | - |
Total Investments in Securities: | 35,501,418 | 32,613,720 | 2,887,698 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $28,447,206) | $ | 34,461,754 | ||
Fidelity Central Funds (cost $1,039,664) | 1,039,664 | |||
Total Investment in Securities (cost $29,486,870) | $ | 35,501,418 | ||
Receivable for fund shares sold | 3,100 | |||
Dividends receivable | 40,924 | |||
Reclaims receivable | 20,627 | |||
Distributions receivable from Fidelity Central Funds | 2,701 | |||
Prepaid expenses | 12 | |||
Receivable from investment adviser for expense reductions | 18,150 | |||
Other receivables | 3 | |||
Total assets | 35,586,935 | |||
Liabilities | ||||
Payable for investments purchased | $ | 30,952 | ||
Payable for fund shares redeemed | 111,459 | |||
Accrued management fee | 18,675 | |||
Distribution and service plan fees payable | 9,159 | |||
Other affiliated payables | 7,461 | |||
Other payables and accrued expenses | 28,782 | |||
Total Liabilities | 206,488 | |||
Net Assets | $ | 35,380,447 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 28,825,294 | ||
Total accumulated earnings (loss) | 6,555,153 | |||
Net Assets | $ | 35,380,447 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($19,734,426 ÷ 943,360 shares) (a) | $ | 20.92 | ||
Maximum offering price per share (100/94.25 of $20.92) | $ | 22.20 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($5,977,911 ÷ 284,330 shares) (a) | $ | 21.02 | ||
Maximum offering price per share (100/96.50 of $21.02) | $ | 21.78 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,038,811 ÷ 150,025 shares) (a) | $ | 20.26 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($6,629,299 ÷ 314,901 shares) | $ | 21.05 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 399,247 | ||
Income from Fidelity Central Funds | 30,531 | |||
Total Income | 429,778 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 107,680 | ||
Performance adjustment | 5,113 | |||
Transfer agent fees | 40,627 | |||
Distribution and service plan fees | 57,509 | |||
Accounting fees and expenses | 7,242 | |||
Custodian fees and expenses | 5,742 | |||
Independent trustees' fees and expenses | 118 | |||
Registration fees | 35,588 | |||
Audit | 22,270 | |||
Legal | 419 | |||
Miscellaneous | 75 | |||
Total expenses before reductions | 282,383 | |||
Expense reductions | (41,878) | |||
Total expenses after reductions | 240,505 | |||
Net Investment income (loss) | 189,273 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 489,102 | |||
Foreign currency transactions | 1,768 | |||
Total net realized gain (loss) | 490,870 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (107,860) | |||
Assets and liabilities in foreign currencies | 1,638 | |||
Total change in net unrealized appreciation (depreciation) | (106,222) | |||
Net gain (loss) | 384,648 | |||
Net increase (decrease) in net assets resulting from operations | $ | 573,921 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 189,273 | $ | 224,794 |
Net realized gain (loss) | 490,870 | 456,468 | ||
Change in net unrealized appreciation (depreciation) | (106,222) | 150,614 | ||
Net increase (decrease) in net assets resulting from operations | 573,921 | 831,876 | ||
Distributions to shareholders | (767,694) | (1,882,632) | ||
Share transactions - net increase (decrease) | (3,042,516) | 12,963,960 | ||
Total increase (decrease) in net assets | (3,236,289) | 11,913,204 | ||
Net Assets | ||||
Beginning of period | 38,616,736 | 26,703,532 | ||
End of period | $ | 35,380,447 | $ | 38,616,736 |
Fidelity Advisor® Value Leaders Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.97 | $ | 22.22 | $ | 15.67 | $ | 18.62 | $ | 19.31 | $ | 18.81 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .17 | .17 | .15 | .20 | .16 | ||||||
Net realized and unrealized gain (loss) | .25 | .18 | 6.49 | (2.81) | .58 C | .47 D | ||||||
Total from investment operations | .35 | .35 | 6.66 | (2.66) | .78 | .63 | ||||||
Distributions from net investment income | (.13) | (.15) | (.11) | (.20) | (.19) | (.13) | ||||||
Distributions from net realized gain | (.27) | (1.45) | - | (.09) | (1.28) | - | ||||||
Total distributions | (.40) | (1.60) | (.11) | (.29) | (1.47) | (.13) | ||||||
Net asset value, end of period | $ | 20.92 | $ | 20.97 | $ | 22.22 | $ | 15.67 | $ | 18.62 | $ | 19.31 |
Total Return E,F,G | 1.64% | 1.92% | 42.68% | (14.57)% | 4.64% C | 3.33% D | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.37% J | 1.29% | 1.27% | 1.35% | 1.29% | 1.25% | ||||||
Expenses net of fee waivers, if any | 1.15% J | 1.15% | 1.15% | 1.25% | 1.25% | 1.25% | ||||||
Expenses net of all reductions | 1.15% J | 1.15% | 1.15% | 1.24% | 1.25% | 1.25% | ||||||
Net investment income (loss) | .96% J | .83% | .83% | .91% | 1.12% | .81% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 19,734 | $ | 20,328 | $ | 16,513 | $ | 10,954 | $ | 16,648 | $ | 15,105 |
Portfolio turnover rate K | 44% J | 39% | 51% | 144% | 37% | 35% |
Fidelity Advisor® Value Leaders Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.05 | $ | 22.30 | $ | 15.72 | $ | 18.68 | $ | 19.34 | $ | 18.82 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .12 | .12 | .11 | .16 | .11 | ||||||
Net realized and unrealized gain (loss) | .25 | .17 | 6.52 | (2.83) | .59 C | .47 D | ||||||
Total from investment operations | .32 | .29 | 6.64 | (2.72) | .75 | .58 | ||||||
Distributions from net investment income | (.08) | (.09) | (.06) | (.15) | (.13) | (.06) | ||||||
Distributions from net realized gain | (.27) | (1.45) | - | (.09) | (1.28) | - | ||||||
Total distributions | (.35) | (1.54) | (.06) | (.24) | (1.41) | (.06) | ||||||
Net asset value, end of period | $ | 21.02 | $ | 21.05 | $ | 22.30 | $ | 15.72 | $ | 18.68 | $ | 19.34 |
Total Return E,F,G | 1.50% | 1.63% | 42.32% | (14.79)% | 4.42% C | 3.09% D | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.61% J | 1.55% | 1.54% | 1.64% | 1.58% | 1.54% | ||||||
Expenses net of fee waivers, if any | 1.40% J | 1.40% | 1.41% | 1.50% | 1.50% | 1.50% | ||||||
Expenses net of all reductions | 1.39% J | 1.40% | 1.41% | 1.49% | 1.50% | 1.50% | ||||||
Net investment income (loss) | .71% J | .57% | .57% | .66% | .87% | .56% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,978 | $ | 5,569 | $ | 5,275 | $ | 3,821 | $ | 5,146 | $ | 4,987 |
Portfolio turnover rate K | 44% J | 39% | 51% | 144% | 37% | 35% |
Fidelity Advisor® Value Leaders Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.29 | $ | 21.49 | $ | 15.18 | $ | 17.99 | $ | 18.67 | $ | 18.21 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | .02 | .01 | .03 | .06 | .01 | ||||||
Net realized and unrealized gain (loss) | .24 | .18 | 6.30 | (2.75) | .58 C | .45 D | ||||||
Total from investment operations | .26 | .20 | 6.31 | (2.72) | .64 | .46 | ||||||
Distributions from net investment income | (.02) | - | - | - | (.04) | - | ||||||
Distributions from net realized gain | (.27) | (1.40) | - | (.09) | (1.28) | - | ||||||
Total distributions | (.29) | (1.40) | - | (.09) | (1.32) | - | ||||||
Net asset value, end of period | $ | 20.26 | $ | 20.29 | $ | 21.49 | $ | 15.18 | $ | 17.99 | $ | 18.67 |
Total Return E,F,G | 1.26% | 1.19% | 41.57% | (15.22)% | 3.90% C | 2.53% D | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.16% J | 2.10% | 2.09% | 2.18% | 2.13% | 2.09% | ||||||
Expenses net of fee waivers, if any | 1.90% J | 1.90% | 1.93% | 2.00% | 2.00% | 2.00% | ||||||
Expenses net of all reductions | 1.90% J | 1.89% | 1.93% | 1.99% | 2.00% | 2.00% | ||||||
Net investment income (loss) | .21% J | .08% | .05% | .16% | .37% | .06% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,039 | $ | 2,847 | $ | 1,875 | $ | 1,763 | $ | 2,733 | $ | 5,298 |
Portfolio turnover rate K | 44% J | 39% | 51% | 144% | 37% | 35% |
Fidelity Advisor® Value Leaders Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.12 | $ | 22.39 | $ | 15.80 | $ | 18.78 | $ | 19.47 | $ | 18.97 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .22 | .23 | .20 | .25 | .22 | ||||||
Net realized and unrealized gain (loss) | .24 | .18 | 6.54 | (2.82) | .59 C | .46 D | ||||||
Total from investment operations | .37 | .40 | 6.77 | (2.62) | .84 | .68 | ||||||
Distributions from net investment income | (.17) | (.22) | (.18) | (.27) | (.26) | (.18) | ||||||
Distributions from net realized gain | (.27) | (1.45) | - | (.09) | (1.28) | - | ||||||
Total distributions | (.44) | (1.67) | (.18) | (.36) | (1.53) E | (.18) | ||||||
Net asset value, end of period | $ | 21.05 | $ | 21.12 | $ | 22.39 | $ | 15.80 | $ | 18.78 | $ | 19.47 |
Total Return F,G | 1.74% | 2.16% | 43.08% | (14.31)% | 4.96% C | 3.61% D | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.05% J | .94% | .94% | .99% | .97% | .96% | ||||||
Expenses net of fee waivers, if any | .90% J | .89% | .87% | .99% | .97% | .96% | ||||||
Expenses net of all reductions | .90% J | .89% | .87% | .98% | .96% | .96% | ||||||
Net investment income (loss) | 1.21% J | 1.08% | 1.11% | 1.17% | 1.41% | 1.10% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,629 | $ | 9,872 | $ | 3,041 | $ | 1,898 | $ | 2,342 | $ | 4,225 |
Portfolio turnover rate K | 44% J | 39% | 51% | 144% | 37% | 35% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $6,836,156 |
Gross unrealized depreciation | (904,913) |
Net unrealized appreciation (depreciation) | $5,931,243 |
Tax cost | $29,570,175 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Value Leaders Fund | 8,711,199 | 11,572,589 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $26,064 | $653 |
Class M | .25% | .25% | 15,522 | 183 |
Class C | .75% | .25% | 15,923 | 4,028 |
$57,509 | $4,864 |
Retained by FDC | |
Class A | $5,944 |
Class M | 845 |
Class C A | 146 |
$6,935 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $21,487 | .21 |
Class M | 6,165 | .20 |
Class C | 4,020 | .25 |
Class I | 8,955 | .17 |
$40,627 |
% of Average Net Assets | |
Fidelity Advisor Value Leaders Fund | .04 |
Amount | |
Fidelity Advisor Value Leaders Fund | $133 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Value Leaders Fund | 748,774 | 840,457 | 33,648 |
Amount | |
Fidelity Advisor Value Leaders Fund | $40 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Value Leaders Fund | $- | $- | $- |
Expense Limitations | Reimbursement | |
Class A | 1.15% | $22,311 |
Class M | 1.40% | 6,390 |
Class C | 1.90% | 4,173 |
Class I | .90% | 7,824 |
$40,698 |
Expense reduction | |
Class M | $69 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Value Leaders Fund | ||
Distributions to shareholders | ||
Class A | $392,714 | $1,169,693 |
Class M | 101,153 | 368,978 |
Class C | 43,995 | 121,226 |
Class I | 229,832 | 222,735 |
Total | $767,694 | $1,882,632 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Value Leaders Fund | ||||
Class A | ||||
Shares sold | 101,981 | 327,282 | $2,148,532 | $6,867,625 |
Reinvestment of distributions | 18,365 | 57,208 | 386,214 | 1,145,881 |
Shares redeemed | (146,424) | (158,093) | (3,052,970) | (3,273,456) |
Net increase (decrease) | (26,078) | 226,397 | $(518,224) | $4,740,050 |
Class M | ||||
Shares sold | 52,412 | 63,036 | $1,109,336 | $1,323,264 |
Reinvestment of distributions | 4,759 | 18,182 | 100,652 | 366,362 |
Shares redeemed | (37,391) | (53,217) | (777,538) | (1,091,336) |
Net increase (decrease) | 19,780 | 28,001 | $432,450 | $598,290 |
Class C | ||||
Shares sold | 36,138 | 85,042 | $737,483 | $1,720,316 |
Reinvestment of distributions | 2,154 | 6,217 | 43,995 | 121,226 |
Shares redeemed | (28,607) | (38,135) | (572,531) | (778,322) |
Net increase (decrease) | 9,685 | 53,124 | $208,947 | $1,063,220 |
Class I | ||||
Shares sold | 126,044 | 366,638 | $2,692,637 | $7,292,873 |
Reinvestment of distributions | 10,836 | 10,963 | 229,069 | 220,577 |
Shares redeemed | (289,469) | (45,956) | (6,087,395) | (951,050) |
Net increase (decrease) | (152,589) | 331,645 | $(3,165,689) | $6,562,400 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Value Leaders Fund | ||||||||||
Class A | 1.15% | |||||||||
Actual | $ 1,000 | $ 1,016.40 | $ 5.75 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.09 | $ 5.76 | |||||||
Class M | 1.40% | |||||||||
Actual | $ 1,000 | $ 1,015.00 | $ 6.99 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.85 | $ 7.00 | |||||||
Class C | 1.90% | |||||||||
Actual | $ 1,000 | $ 1,012.60 | $ 9.48 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.37 | $ 9.49 | |||||||
Class I | .90% | |||||||||
Actual | $ 1,000 | $ 1,017.40 | $ 4.50 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.33 | $ 4.51 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. (United States of America, Software) | 6.9 | |
Deckers Outdoor Corp. (United States of America, Textiles, Apparel & Luxury Goods) | 4.0 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 3.5 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.1 | |
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 3.0 | |
MasterCard, Inc. Class A (United States of America, Financial Services) | 2.8 | |
AMETEK, Inc. (United States of America, Electrical Equipment) | 2.8 | |
Wells Fargo & Co. (United States of America, Banks) | 2.7 | |
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services) | 2.6 | |
Amazon.com, Inc. (United States of America, Broadline Retail) | 2.5 | |
33.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 28.8 | |
Financials | 21.9 | |
Consumer Discretionary | 11.7 | |
Industrials | 10.8 | |
Health Care | 9.4 | |
Communication Services | 7.4 | |
Energy | 5.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.0% | |||
Shares | Value ($) | ||
Canada - 3.8% | |||
Canadian Natural Resources Ltd. | 31,900 | 1,944,943 | |
Canadian Pacific Kansas City Ltd. | 11,500 | 906,660 | |
Tourmaline Oil Corp. | 13,300 | 597,536 | |
TOTAL CANADA | 3,449,139 | ||
China - 2.8% | |||
Alibaba Group Holding Ltd. (a) | 54,000 | 570,976 | |
NXP Semiconductors NV | 7,200 | 1,178,928 | |
Tencent Holdings Ltd. | 17,700 | 786,165 | |
TOTAL CHINA | 2,536,069 | ||
Denmark - 1.6% | |||
DSV A/S | 7,800 | 1,464,986 | |
France - 3.1% | |||
LVMH Moet Hennessy Louis Vuitton SE | 3,000 | 2,885,644 | |
Hong Kong - 1.7% | |||
AIA Group Ltd. | 146,200 | 1,591,690 | |
India - 4.9% | |||
Axis Bank Ltd. | 164,800 | 1,741,449 | |
HDFC Bank Ltd. | 103,400 | 2,140,072 | |
Reliance Industries Ltd. | 19,700 | 585,651 | |
TOTAL INDIA | 4,467,172 | ||
Indonesia - 1.2% | |||
PT Bank Central Asia Tbk | 1,797,700 | 1,112,509 | |
Japan - 3.8% | |||
Hitachi Ltd. | 29,200 | 1,615,187 | |
Hoya Corp. | 8,800 | 922,724 | |
Keyence Corp. | 2,200 | 992,104 | |
TOTAL JAPAN | 3,530,015 | ||
Netherlands - 2.3% | |||
ASML Holding NV (Netherlands) | 3,300 | 2,085,401 | |
Singapore - 1.1% | |||
Hafnia Ltd. | 186,600 | 1,009,425 | |
Spain - 1.5% | |||
Amadeus IT Holding SA Class A (a) | 19,500 | 1,370,558 | |
Taiwan - 1.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 12,400 | 1,045,320 | |
United Kingdom - 0.3% | |||
Starling Bank Ltd. Series D (a)(b)(c) | 72,300 | 274,406 | |
United States of America - 64.8% | |||
Accenture PLC Class A | 5,400 | 1,513,566 | |
Activision Blizzard, Inc. | 13,900 | 1,080,169 | |
Adobe, Inc. (a) | 3,900 | 1,472,484 | |
Alphabet, Inc. Class A (a) | 12,600 | 1,352,484 | |
Amazon.com, Inc. (a) | 21,500 | 2,267,175 | |
American Express Co. | 9,700 | 1,564,998 | |
AMETEK, Inc. | 18,500 | 2,551,705 | |
Amphenol Corp. Class A | 14,000 | 1,056,580 | |
Apple, Inc. | 16,200 | 2,748,816 | |
Boston Scientific Corp. (a) | 17,900 | 932,948 | |
Cigna Group | 5,400 | 1,367,766 | |
Cintas Corp. | 2,900 | 1,321,733 | |
Deckers Outdoor Corp. (a) | 7,700 | 3,690,918 | |
Eli Lilly & Co. | 3,400 | 1,345,924 | |
Fiserv, Inc. (a) | 17,550 | 2,143,206 | |
Intercontinental Exchange, Inc. | 13,900 | 1,514,127 | |
Interpublic Group of Companies, Inc. | 49,100 | 1,754,343 | |
JPMorgan Chase & Co. | 8,900 | 1,230,336 | |
Lockheed Martin Corp. | 2,500 | 1,161,125 | |
Marvell Technology, Inc. | 21,200 | 836,976 | |
MasterCard, Inc. Class A | 6,800 | 2,584,204 | |
Meta Platforms, Inc. Class A (a) | 7,300 | 1,754,336 | |
Microsoft Corp. | 20,550 | 6,314,196 | |
NVIDIA Corp. | 11,600 | 3,218,884 | |
Pure Storage, Inc. Class A (a) | 14,400 | 328,752 | |
Rockwell Automation, Inc. | 3,400 | 963,594 | |
S&P Global, Inc. | 5,300 | 1,921,674 | |
Salesforce, Inc. (a) | 7,300 | 1,448,101 | |
Schlumberger Ltd. | 16,100 | 794,535 | |
Seagate Technology Holdings PLC | 14,100 | 828,657 | |
Thermo Fisher Scientific, Inc. | 2,900 | 1,609,210 | |
UnitedHealth Group, Inc. | 4,800 | 2,362,032 | |
Wells Fargo & Co. | 61,400 | 2,440,650 | |
TOTAL UNITED STATES OF AMERICA | 59,476,204 | ||
TOTAL COMMON STOCKS (Cost $67,232,653) | 86,298,538 | ||
Preferred Stocks - 1.5% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.6% | |||
United States of America - 0.6% | |||
Wasabi Holdings, Inc. Series C (a)(b)(c) | 50,623 | 486,487 | |
Nonconvertible Preferred Stocks - 0.9% | |||
Korea (South) - 0.9% | |||
Samsung Electronics Co. Ltd. | 20,000 | 836,429 | |
TOTAL PREFERRED STOCKS (Cost $1,281,810) | 1,322,916 | ||
Money Market Funds - 3.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) (Cost $3,606,805) | 3,606,084 | 3,606,805 | |
TOTAL INVESTMENT IN SECURITIES - 99.4% (Cost $72,121,268) | 91,228,259 |
NET OTHER ASSETS (LIABILITIES) - 0.6% | 586,629 |
NET ASSETS - 100.0% | 91,814,888 |
(a) | Non-income producing |
(b) | 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 $760,893 or 0.8% of net assets. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 138,336 |
Wasabi Holdings, Inc. Series C | 3/31/21 - 4/30/21 | 549,998 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 4,041,859 | 11,826,604 | 12,261,658 | 80,641 | - | - | 3,606,805 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 9,151,579 | 9,151,579 | 1,009 | - | - | - | 0.0% |
Total | 4,041,859 | 20,978,183 | 21,413,237 | 81,650 | - | - | 3,606,805 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 6,727,497 | 5,941,332 | 786,165 | - |
Consumer Discretionary | 10,785,271 | 5,958,093 | 4,827,178 | - |
Energy | 4,932,090 | 4,346,439 | 585,651 | - |
Financials | 20,259,321 | 13,399,195 | 6,585,720 | 274,406 |
Health Care | 8,540,604 | 7,617,880 | 922,724 | - |
Industrials | 9,984,990 | 8,369,803 | 1,615,187 | - |
Information Technology | 26,391,681 | 24,076,661 | 1,828,533 | 486,487 |
Money Market Funds | 3,606,805 | 3,606,805 | - | - |
Total Investments in Securities: | 91,228,259 | 73,316,208 | 17,151,158 | 760,893 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $68,514,463) | $ | 87,621,454 | ||
Fidelity Central Funds (cost $3,606,805) | 3,606,805 | |||
Total Investment in Securities (cost $72,121,268) | $ | 91,228,259 | ||
Foreign currency held at value (cost $413,664) | 413,664 | |||
Receivable for investments sold | 148,203 | |||
Receivable for fund shares sold | 69,393 | |||
Dividends receivable | 97,408 | |||
Distributions receivable from Fidelity Central Funds | 9,511 | |||
Prepaid expenses | 33 | |||
Other receivables | 40,278 | |||
Total assets | 92,006,749 | |||
Liabilities | ||||
Payable for investments purchased | $ | 29,851 | ||
Payable for fund shares redeemed | 21,075 | |||
Accrued management fee | 45,504 | |||
Transfer agent fee payable | 13,490 | |||
Distribution and service plan fees payable | 17,683 | |||
Other affiliated payables | 2,661 | |||
Deferred taxes | 26,849 | |||
Audit fee payable | 32,581 | |||
Other payables and accrued expenses | 2,167 | |||
Total Liabilities | 191,861 | |||
Net Assets | $ | 91,814,888 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 70,015,136 | ||
Total accumulated earnings (loss) | 21,799,752 | |||
Net Assets | $ | 91,814,888 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($30,928,081 ÷ 1,646,667 shares) (a) | $ | 18.78 | ||
Maximum offering price per share (100/94.25 of $18.78) | $ | 19.93 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,710,742 ÷ 1,007,800 shares) (a) | $ | 17.57 | ||
Maximum offering price per share (100/96.50 of $17.57) | $ | 18.21 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,751,117 ÷ 314,483 shares) (a) | $ | 15.11 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($38,424,948 ÷ 1,904,104 shares) | $ | 20.18 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 664,499 | ||
Non-Cash dividends | 66,680 | |||
Income from Fidelity Central Funds (including $1,009 from security lending) | 81,650 | |||
Income before foreign taxes withheld | $ | 812,829 | ||
Less foreign taxes withheld | (33,799) | |||
Total Income | 779,030 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 292,406 | ||
Performance adjustment | (33,907) | |||
Transfer agent fees | 80,822 | |||
Distribution and service plan fees | 104,246 | |||
Accounting fees | 15,304 | |||
Custodian fees and expenses | 7,739 | |||
Independent trustees' fees and expenses | 281 | |||
Registration fees | 46,114 | |||
Audit | 38,372 | |||
Legal | 1,622 | |||
Miscellaneous | 183 | |||
Total expenses before reductions | 553,182 | |||
Expense reductions | (10,859) | |||
Total expenses after reductions | 542,323 | |||
Net Investment income (loss) | 236,707 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,843,070 | |||
Foreign currency transactions | 2,134 | |||
Total net realized gain (loss) | 2,845,204 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,412) | 7,106,319 | |||
Assets and liabilities in foreign currencies | 5,786 | |||
Total change in net unrealized appreciation (depreciation) | 7,112,105 | |||
Net gain (loss) | 9,957,309 | |||
Net increase (decrease) in net assets resulting from operations | $ | 10,194,016 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 236,707 | $ | (282,993) |
Net realized gain (loss) | 2,845,204 | (141,610) | ||
Change in net unrealized appreciation (depreciation) | 7,112,105 | (29,163,180) | ||
Net increase (decrease) in net assets resulting from operations | 10,194,016 | (29,587,783) | ||
Distributions to shareholders | - | (9,072,211) | ||
Share transactions - net increase (decrease) | 314,545 | (239,167) | ||
Total increase (decrease) in net assets | 10,508,561 | (38,899,161) | ||
Net Assets | ||||
Beginning of period | 81,306,327 | 120,205,488 | ||
End of period | $ | 91,814,888 | $ | 81,306,327 |
Fidelity Advisor® Global Capital Appreciation Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.68 | $ | 24.21 | $ | 18.53 | $ | 15.65 | $ | 16.48 | $ | 20.21 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | (.06) | (.09) C | (.08) | .10 | .05 | ||||||
Net realized and unrealized gain (loss) | 2.05 | (5.64) | 5.77 | 3.03 | .50 | (1.22) | ||||||
Total from investment operations | 2.10 | (5.70) | 5.68 | 2.95 | .60 | (1.17) | ||||||
Distributions from net investment income | - | - | - | (.07) | (.02) | (.04) | ||||||
Distributions from net realized gain | - | (1.83) | - | - | (1.41) | (2.52) | ||||||
Total distributions | - | (1.83) | - | (.07) | (1.43) | (2.56) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 18.78 | $ | 16.68 | $ | 24.21 | $ | 18.53 | $ | 15.65 | $ | 16.48 |
Total Return E,F,G | 12.59% | (25.40)% | 30.65% | 18.89% | 4.39% | (6.74)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.33% J | 1.31% | 1.15% | 1.23% | 1.14% | 1.39% | ||||||
Expenses net of fee waivers, if any | 1.30% J | 1.30% | 1.15% | 1.23% | 1.14% | 1.39% | ||||||
Expenses net of all reductions | 1.29% J | 1.30% | 1.15% | 1.21% | 1.14% | 1.37% | ||||||
Net investment income (loss) | .51% J | (.32)% | (.42)% C | (.45)% | .66% | .26% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 30,928 | $ | 28,069 | $ | 40,398 | $ | 31,247 | $ | 30,046 | $ | 33,589 |
Portfolio turnover rate K | 37% J | 42% | 58% | 44% | 142% | 99% |
Fidelity Advisor® Global Capital Appreciation Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.63 | $ | 22.85 | $ | 17.54 | $ | 14.82 | $ | 15.70 | $ | 19.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | (.10) | (.14) C | (.12) | .05 | - | ||||||
Net realized and unrealized gain (loss) | 1.92 | (5.29) | 5.45 | 2.87 | .48 | (1.15) | ||||||
Total from investment operations | 1.94 | (5.39) | 5.31 | 2.75 | .53 | (1.15) | ||||||
Distributions from net investment income | - | - | - | (.03) | - | - | ||||||
Distributions from net realized gain | - | (1.83) | - | - | (1.41) | (2.52) | ||||||
Total distributions | - | (1.83) | - | (.03) | (1.41) | (2.52) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 17.57 | $ | 15.63 | $ | 22.85 | $ | 17.54 | $ | 14.82 | $ | 15.70 |
Total Return E,F,G | 12.41% | (25.56)% | 30.27% | 18.59% | 4.10% | (6.97)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.58% J | 1.56% | 1.41% | 1.51% | 1.43% | 1.67% | ||||||
Expenses net of fee waivers, if any | 1.55% J | 1.55% | 1.41% | 1.50% | 1.43% | 1.67% | ||||||
Expenses net of all reductions | 1.54% J | 1.55% | 1.41% | 1.49% | 1.42% | 1.65% | ||||||
Net investment income (loss) | .26% J | (.58)% | (.68)% C | (.73)% | .37% | (.01)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,711 | $ | 16,273 | $ | 22,618 | $ | 18,864 | $ | 18,611 | $ | 21,339 |
Portfolio turnover rate K | 37% J | 42% | 58% | 44% | 142% | 99% |
Fidelity Advisor® Global Capital Appreciation Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.47 | $ | 20.04 | $ | 15.46 | $ | 13.10 | $ | 14.11 | $ | 17.65 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.02) | (.17) | (.22) C | (.17) | (.01) | (.08) | ||||||
Net realized and unrealized gain (loss) | 1.66 | (4.57) | 4.80 | 2.53 | .41 | (1.02) | ||||||
Total from investment operations | 1.64 | (4.74) | 4.58 | 2.36 | .40 | (1.10) | ||||||
Distributions from net realized gain | - | (1.83) | - | - | (1.41) | (2.44) | ||||||
Total distributions | - | (1.83) | - | - | (1.41) | (2.44) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 15.11 | $ | 13.47 | $ | 20.04 | $ | 15.46 | $ | 13.10 | $ | 14.11 |
Total Return E,F,G | 12.18% | (25.94)% | 29.62% | 18.02% | 3.59% | (7.39)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.12% J | 2.08% | 1.92% | 1.99% | 1.90% | 2.14% | ||||||
Expenses net of fee waivers, if any | 2.05% J | 2.05% | 1.92% | 1.98% | 1.90% | 2.14% | ||||||
Expenses net of all reductions | 2.05% J | 2.05% | 1.92% | 1.97% | 1.89% | 2.12% | ||||||
Net investment income (loss) | (.24)% J | (1.07)% | (1.19)% C | (1.21)% | (.10)% | (.48)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,751 | $ | 4,907 | $ | 8,044 | $ | 9,134 | $ | 12,540 | $ | 19,741 |
Portfolio turnover rate K | 37% J | 42% | 58% | 44% | 142% | 99% |
Fidelity Advisor® Global Capital Appreciation Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.89 | $ | 25.75 | $ | 19.65 | $ | 16.57 | $ | 17.37 | $ | 21.16 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | - C | (.02) D | (.02) | .16 | .11 | ||||||
Net realized and unrealized gain (loss) | 2.21 | (6.03) | 6.12 | 3.21 | .52 | (1.28) | ||||||
Total from investment operations | 2.29 | (6.03) | 6.10 | 3.19 | .68 | (1.17) | ||||||
Distributions from net investment income | - | - | - | (.11) | (.08) | (.10) | ||||||
Distributions from net realized gain | - | (1.83) | - | - | (1.41) | (2.52) | ||||||
Total distributions | - | (1.83) | - | (.11) | (1.48) E | (2.62) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 20.18 | $ | 17.89 | $ | 25.75 | $ | 19.65 | $ | 16.57 | $ | 17.37 |
Total Return F,G | 12.80% | (25.14)% | 31.04% | 19.37% | 4.69% | (6.45)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .98% J | .97% | .82% | .89% | .82% | 1.09% | ||||||
Expenses net of fee waivers, if any | .97% J | .96% | .82% | .89% | .82% | 1.09% | ||||||
Expenses net of all reductions | .97% J | .96% | .82% | .87% | .82% | 1.07% | ||||||
Net investment income (loss) | .83% J | .01% | (.09)% D | (.11)% | .97% | .57% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 38,425 | $ | 32,058 | $ | 49,146 | $ | 38,359 | $ | 37,068 | $ | 45,029 |
Portfolio turnover rate K | 37% J | 42% | 58% | 44% | 142% | 99% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $20,937,036 |
Gross unrealized depreciation | (1,856,089) |
Net unrealized appreciation (depreciation) | $19,080,947 |
Tax cost | $72,147,312 |
Short-term | $(137,138) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Global Capital Appreciation Fund | 15,897,234 | 15,388,762 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $37,073 | $929 |
Class M | .25% | .25% | 42,625 | 560 |
Class C | .75% | .25% | 24,548 | 2,044 |
$104,246 | $3,533 |
Retained by FDC | |
Class A | $ 2,819 |
Class M | 455 |
Class C A | 373 |
$3,647 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $33,154 | .22 |
Class M | 19,309 | .23 |
Class C | 6,321 | .26 |
Class I | 22,038 | .13 |
$80,822 |
% of Average Net Assets | |
Fidelity Advisor Global Capital Appreciation Fund | .04 |
Amount | |
Fidelity Advisor Global Capital Appreciation Fund | $66 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Advisor Global Capital Appreciation Fund | 1,414,334 | 359,655 | 84,384 |
Amount | |
Fidelity Advisor Global Capital Appreciation Fund | $84 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Advisor Global Capital Appreciation Fund | $109 | $- | $- |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $4,109 |
Class M | 1.55% | 2,638 |
Class C | 2.05% | 1,620 |
$8,367 |
Expense reduction | |
Class A | $122 |
Class M | 357 |
$479 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Global Capital Appreciation Fund | ||
Distributions to shareholders | ||
Class A | $- | $3,042,311 |
Class M | - | 1,796,615 |
Class C | - | 718,694 |
Class I | - | 3,514,591 |
Total | $- | $9,072,211 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Advisor Global Capital Appreciation Fund | ||||
Class A | ||||
Shares sold | 75,073 | 171,702 | $1,356,500 | $3,462,466 |
Reinvestment of distributions | - | 134,237 | - | 2,959,935 |
Shares redeemed | (111,172) | (291,926) | (1,988,171) | (5,697,835) |
Net increase (decrease) | (36,099) | 14,013 | $(631,671) | $724,566 |
Class M | ||||
Shares sold | 21,059 | 88,946 | $351,898 | $1,567,242 |
Reinvestment of distributions | - | 86,174 | - | 1,783,793 |
Shares redeemed | (54,648) | (123,632) | (908,675) | (2,259,388) |
Net increase (decrease) | (33,589) | 51,488 | $(556,777) | $1,091,647 |
Class C | ||||
Shares sold | 12,505 | 41,127 | $181,677 | $658,941 |
Reinvestment of distributions | - | 39,691 | - | 711,270 |
Shares redeemed | (62,361) | (117,887) | (905,424) | (1,846,656) |
Net increase (decrease) | (49,856) | (37,069) | $(723,747) | $(476,445) |
Class I | ||||
Shares sold | 217,351 | 202,718 | $4,242,653 | $4,407,045 |
Reinvestment of distributions | - | 135,399 | - | 3,191,354 |
Shares redeemed | (104,900) | (454,950) | (2,015,913) | (9,177,334) |
Net increase (decrease) | 112,451 | (116,833) | $2,226,740 | $(1,578,935) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity Advisor® Global Capital Appreciation Fund | ||||||||||
Class A | 1.30% | |||||||||
Actual | $ 1,000 | $ 1,125.90 | $ 6.85 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.35 | $ 6.51 | |||||||
Class M | 1.55% | |||||||||
Actual | $ 1,000 | $ 1,124.10 | $ 8.16 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.11 | $ 7.75 | |||||||
Class C | 2.05% | |||||||||
Actual | $ 1,000 | $ 1,121.80 | $ 10.78 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.63 | $ 10.24 | |||||||
Class I | .97% | |||||||||
Actual | $ 1,000 | $ 1,128.00 | $ 5.12 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.98 | $ 4.86 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Advisor Series VIII’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Advisor Series VIII’s (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 Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
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 Advisor Series VIII
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | June 22, 2023 |
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: | June 22, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | June 22, 2023 |