Form NPORT-P VARIABLE INSURANCE PRODU For: Mar 31

May 25, 2022 12:16 PM EDT

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      Variable Insurance Products Fund II
      811-05511
      0000831016
      D8TUF5IXYLDDLCD6AV58
      245 Summer Street
      Boston
      
      02210
      1-800-FIDELITY
      VIP International Capital Appreciation Portfolio
      S000039298
      9X7GSOP6RXNUAHN5WO09
      2022-12-31
      2022-03-31
      N
    
    
      605425008.92
      7436595.63
      597988413.29
      0.00000000
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      0.00000000
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      0.00000000
      0.00000000
      1430394.25000000
      N
      
        
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        THERMO FISHER SCIENTIFIC INC
        HCHV7422L5HDJZCRFL38
        THERMO FISHER SCIENTIFIC INC
        883556102
        
          
        
        13624.00000000
        NS
        USD
        8047015.60000000
        1.345680856210
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CANADIAN NATIONAL RAILWAY CO
        3SU7BEP7TH9YEQOZCS77
        CANADIAN NATL RAILWAY CO
        136375102
        
          
        
        80100.00000000
        NS
        
        10744926.61000000
        1.796845285159
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        LONZA GROUP AG
        549300EFW4H2TCZ71055
        LONZA GROUP AG
        N/A
        
          
        
        13156.00000000
        NS
        
        9570329.74000000
        1.600420598008
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        ESSILORLUXOTTICA
        549300M3VH1A3ER1TB49
        ESSILORLUXOTTICA
        N/A
        
          
        
        54060.00000000
        NS
        
        9945384.44000000
        1.663139990502
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        KINGSPAN GROUP PLC
        635400HM7V74SUB9OG75
        KINGSPAN GROUP PLC
        N/A
        
          
        
        90380.00000000
        NS
        
        8902475.21000000
        1.488737074522
        Long
        EC
        CORP
        IE
        N
        
        1
        
          N
          N
          N
        
      
      
        RECRUIT HOLDINGS CO LTD
        353800R2LRSMVVC4I806
        RECRUIT HOLDINGS CO LTD
        N/A
        
          
        
        216460.00000000
        NS
        
        9404547.92000000
        1.572697348475
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        L'OREAL SA
        529900JI1GG6F7RKVI53
        L'OREAL SA ORD
        N/A
        
          
        
        25500.00000000
        NS
        
        10185856.83000000
        1.703353543918
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        NOVO-NORDISK AS
        549300DAQ1CVT6CXN342
        NOVO-NORDISK AS CL B
        N/A
        
          
        
        121500.00000000
        NS
        
        13476311.37000000
        2.253607439625
        Long
        EC
        CORP
        DK
        N
        
        2
        
          N
          N
          N
        
      
      
        ACCENTURE PLC
        N/A
        ACCENTURE PLC CL A
        N/A
        
          
        
        24550.00000000
        NS
        USD
        8278996.50000000
        1.384474400507
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        S and P GLOBAL INC
        Y6X4K52KMJMZE7I7MY94
        S and P GLOBAL INC
        78409V104
        
          
        
        19187.00000000
        NS
        USD
        7870123.66000000
        1.316099691079
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LINDE PLC
        8945002PAZHZLBGKGF02
        LINDE PLC
        N/A
        
          
        
        27940.00000000
        NS
        USD
        8924874.20000000
        1.492482797600
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MERCK KGAA
        529900OAREIS0MOPTW25
        MERCK KGAA
        N/A
        
          
        
        41920.00000000
        NS
        
        8804103.92000000
        1.472286707289
        Long
        EC
        CORP
        DE
        N
        
        1
        
          N
          N
          N
        
      
      
        SIKA AG
        549300R3N69ECGYPU434
        SIKA AG
        N/A
        
          
        
        27895.00000000
        NS
        
        9279717.55000000
        1.551822300192
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        ADOBE INC
        FU4LY2G4933NH2E1CP29
        ADOBE INC
        00724F101
        
          
        
        17100.00000000
        NS
        USD
        7791102.00000000
        1.302885110621
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RELX PLC
        549300WSX3VBUFFJOO66
        RELX PLC
        N/A
        
          
        
        296300.00000000
        NS
        
        9220191.16000000
        1.541867861497
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        HOYA CORP
        353800X4VR3BHEUCJB42
        HOYA CORP
        N/A
        
          
        
        74920.00000000
        NS
        
        8537724.79000000
        1.427740839162
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        FERGUSON PLC
        213800DU1LGY3R2S2X42
        FERGUSON PLC
        N/A
        
          
        
        19570.00000000
        NS
        
        2668503.96000000
        0.446246766775
        Long
        EC
        CORP
        JE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        INFINEON TECHNOLOGIES AG
        TSI2PJM6EPETEQ4X1U25
        INFINEON TECHNOLOGIES AG
        N/A
        
          
        
        271000.00000000
        NS
        
        9167940.37000000
        1.533130101896
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        HERMES INTL SCA
        969500Y4IJGHJE2MTJ13
        HERMES INTERNATIONAL SA
        N/A
        
          
        
        6995.00000000
        NS
        
        9993909.54000000
        1.671254712949
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        FERRARI NV
        549300RIVY5EX8RCON76
        FERRARI NV
        N/A
        
          
        
        39700.00000000
        NS
        
        8726531.46000000
        1.459314472664
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CONSTELLATION SOFTWARE INC
        549300B6PYHMCTDWQV29
        CONSTELLATION SOFTWARE INC
        21037X100
        
          
        
        5250.00000000
        NS
        
        8974323.08000000
        1.500752001301
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        KERING SA
        549300VGEJKB7SVUZR78
        KERING
        N/A
        
          
        
        13560.00000000
        NS
        
        8560800.05000000
        1.431599653060
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        DASSAULT SYSTEMES SA
        96950065LBWY0APQIM86
        DASSAULT SYSTEMES SA
        N/A
        
          
        
        184460.00000000
        NS
        
        9062269.96000000
        1.515459122383
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        TOKYO ELECTRON LTD
        549300H5LSF8DP3RIJ34
        TOKYO ELECTRON LTD
        N/A
        
          
        
        19689.00000000
        NS
        
        10111505.78000000
        1.690920017056
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        MARSH and MCLENNAN COS INC
        549300XMP3KDCKJXIU47
        MARSH and MCLENNAN COS INC
        571748102
        
          
        
        48349.00000000
        NS
        USD
        8239636.58000000
        1.377892346553
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASSA ABLOY AB
        549300YECS8HKCIMMB67
        ASSA ABLOY AB SER B
        N/A
        
          
        
        322400.00000000
        NS
        
        8665978.23000000
        1.449188318268
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        AIR LIQUIDE SA
        969500MMPQVHK671GT54
        AIR LIQUIDE SA
        N/A
        
          
        
        54070.00000000
        NS
        
        9459218.17000000
        1.581839707889
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        WASTE CONNECTION INC
        549300HDLRTPBQU69P29
        WASTE CONNECTIONS INC
        94106B101
        
          
        
        61650.00000000
        NS
        
        8621581.01000000
        1.441763890133
        Long
        EC
        CORP
        CA
        
        N
        
        1
        
          N
          N
          N
        
      
      
        ATLAS COPCO AB
        213800T8PC8Q4FYJZR07
        ATLAS COPCO AB SER A
        N/A
        
          
        
        185550.00000000
        NS
        
        9631153.27000000
        1.610591953949
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        HEXAGON AB
        549300WJFW6ILNI4TA80
        HEXAGON AB SER B
        N/A
        
          
        
        675200.00000000
        NS
        
        9460092.65000000
        1.581985944836
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        LVMH MOET HENNESSY LOUIS VUITTON SE
        IOG4E947OATN0KJYSD45
        LVMH MOET HENNESSY LOUIS VUITTON SE
        N/A
        
          
        
        19501.00000000
        NS
        
        13919799.67000000
        2.327770799674
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        TELEPERFORMANCE
        9695004GI61FHFFNRG61
        TELEPERFORMANCE
        N/A
        
          
        
        22576.00000000
        NS
        
        8648738.63000000
        1.446305386155
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        ASHTEAD GROUP PLC
        2138007UTBN8X9K1A235
        ASHTEAD GROUP PLC
        N/A
        
          
        
        136300.00000000
        NS
        
        8653510.45000000
        1.447103364827
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        KOTAK MAHINDRA BANK LTD
        335800E6GTTXKHXE2I75
        KOTAK MAHINDRA BANK LTD
        N/A
        
          
        
        355000.00000000
        NS
        
        8136767.91000000
        1.360689894513
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        DOMINOS PIZZA INC
        5299004V0Y8MI5D9FF45
        DOMINOS PIZZA INC
        25754A201
        
          
        
        14348.00000000
        NS
        USD
        5839779.48000000
        0.976570674316
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        KEYENCE CORP
        529900M7PQBS7A89DZ11
        KEYENCE CORP
        N/A
        
          
        
        22054.00000000
        NS
        
        10226497.48000000
        1.710149770918
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        WOLTERS KLUWER NV
        724500TEM53I0U077B74
        WOLTERS KLUWER NV
        N/A
        
          
        
        80052.00000000
        NS
        
        8552885.79000000
        1.430276172567
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        EXPERIAN PLC
        635400RXXHHYT1JTSZ26
        EXPERIAN PLC
        N/A
        
          
        
        226707.00000000
        NS
        
        8734029.19000000
        1.460568297962
        Long
        EC
        CORP
        JE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        NICE LTD
        254900YTY4EF5Z4W0A51
        NICE LTD SPON ADR
        653656108
        
          
        
        37860.00000000
        NS
        USD
        8291340.00000000
        1.386538570936
        Long
        EC
        CORP
        IL
        N
        
        1
        
          N
          N
          N
        
      
      
        SCHNEIDER ELEC SA
        969500A1YF1XUYYXS284
        SCHNEIDER ELECTRIC SE
        N/A
        
          
        
        65570.00000000
        NS
        
        11008570.92000000
        1.840933816665
        Long
        EC
        CORP
        FR
        
        N
        
        2
        
          N
          N
          N
        
      
      
        SHERWIN WILLIAMS CO
        Z15BMIOX8DDH0X2OBP21
        SHERWIN WILLIAMS CO
        824348106
        
          
        
        31570.00000000
        NS
        USD
        7880503.40000000
        1.317835467186
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CANADIAN PACIFIC RAILWAY LTD
        N/A
        CANADIAN PAC RAILWAY LTD
        13645T100
        
          
        
        126200.00000000
        NS
        
        10415802.90000000
        1.741806809047
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        TAIWAN SEMICONDUCTOR MFG CO LTD
        549300KB6NK5SBD14S87
        TAIWAN SEMICONDUCTOR MFG CO LTD
        N/A
        
          
        
        983800.00000000
        NS
        
        20194946.83000000
        3.377146844516
        Long
        EC
        CORP
        TW
        N
        
        2
        
          N
          N
          N
        
      
      
        ZOETIS INC
        549300HD9Q1LOC9KLJ48
        ZOETIS INC CL A
        98978V103
        
          
        
        41660.00000000
        NS
        USD
        7856659.40000000
        1.313848098958
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JAMES HARDIE INDUSTRIES PLC
        635400NSGXKTVOO7JU45
        JAMES HARDIE INDUSTRES PLC CDI
        N/A
        
          
        
        67959.00000000
        NS
        
        2038641.34000000
        0.340916528596
        Long
        EC
        CORP
        IE
        
        N
        
        2
        
          N
          N
          N
        
      
      
        Fidelity Revere Street Trust
        549300BDV45LJNXBZC55
        Fidelity Cash Central Fund
        31635A105
        
          
        
        4622472.60400000
        NS
        USD
        4623397.10000000
        0.773158308296
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ICON PLC
        6354008SRQGEMC4XFI67
        ICON PLC
        N/A
        
          
        
        33063.00000000
        NS
        USD
        8041582.86000000
        1.344772353657
        Long
        EC
        CORP
        IE
        N
        
        1
        
          N
          N
          N
        
      
      
        SARTORIUS STEDIM BIOTECH
        52990006IVXY7GCSSR39
        SARTORIUS STEDIM BIOTECH
        N/A
        
          
        
        21452.00000000
        NS
        
        8839899.96000000
        1.478272783140
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        HDFC BANK LTD
        335800ZQ6I4E2JXENC50
        HDFC BANK LTD (DEMAT)
        N/A
        
          
        
        448150.00000000
        NS
        
        8613938.54000000
        1.440485860354
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        DANAHER CORP
        S4BKK9OTCEWQ3YHPFM11
        DANAHER CORP
        235851102
        
          
        
        28550.00000000
        NS
        USD
        8374571.50000000
        1.400457151656
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        COMPAGNIE FINANCIERE RICHEMONT AG SWITZ
        549300YIPGJ6UX2QPS51
        CIE FINANCIERE RICHEMONT SA A
        N/A
        
          
        
        72120.00000000
        NS
        
        9141562.21000000
        1.528718952881
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        THOMSON REUTERS CORP
        549300561UZND4C7B569
        THOMSON REUTERS CORP
        884903709
        
          
        
        78400.00000000
        NS
        
        8511964.16000000
        1.423432958034
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        PERNOD RICARD SA
        52990097YFPX9J0H5D87
        PERNOD-RICARD
        N/A
        
          
        
        41006.00000000
        NS
        
        9040823.50000000
        1.511872688345
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        DIAGEO PLC
        213800ZVIELEA55JMJ32
        DIAGEO PLC
        N/A
        
          
        
        208800.00000000
        NS
        
        10591291.94000000
        1.771153370970
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        NVIDIA CORP
        549300S4KLFTLO7GSQ80
        NVIDIA CORP
        67066G104
        
          
        
        30062.00000000
        NS
        USD
        8202717.32000000
        1.371718437631
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASM INTL NV
        7245001I22ND6ZFHX623
        ASM INTERNATIONAL NV (NETH)
        N/A
        
          
        
        25940.00000000
        NS
        
        9529983.14000000
        1.593673544202
        Long
        EC
        CORP
        NL
        N
        
        1
        
          N
          N
          N
        
      
      
        MASTERCARD INC
        AR5L2ODV9HN37376R084
        MASTERCARD INC CL A
        57636Q104
        
          
        
        22900.00000000
        NS
        USD
        8184002.00000000
        1.368588724817
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASML HOLDING NV
        724500Y6DUVHQD6OXN27
        ASML HOLDING NV
        N/A
        
          
        
        22960.00000000
        NS
        
        15342374.32000000
        2.565664146499
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        BROOKFIELD ASSET MANAGEMENT INC
        C6J3FGIWG6MBDGTE8F80
        BROOKFIELD ASSET INC VTG CL A
        112585104
        
          
        
        174746.00000000
        NS
        USD
        9885381.22000000
        1.653105812805
        Long
        EC
        CORP
        CA
        N
        
        1
        
          N
          N
          N
        
      
      
        NESTLE SA
        KY37LUS27QQX7BB93L28
        NESTLE SA (REG)
        N/A
        
          
        
        130330.00000000
        NS
        
        16945332.47000000
        2.833722542677
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        DSV A/S
        529900X41C0BSLK67H70
        DSV A/S
        N/A
        
          
        
        48600.00000000
        NS
        
        9399666.87000000
        1.571881103562
        Long
        EC
        CORP
        DK
        N
        
        1
        
          N
          N
          N
        
      
      
        PARTNERS GROUP HOLDING
        549300I3IVVWZWDHI788
        PARTNERS GROUP HOLDING AG
        N/A
        
          
        
        6921.00000000
        NS
        
        8639547.10000000
        1.444768311223
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        TECHTRONIC INDUSTRIES CO LTD
        549300HZW2SBE758OK89
        TECHTRONIC INDUSTRIES CO LTD
        N/A
        
          
        
        516100.00000000
        NS
        
        8268682.16000000
        1.382749561067
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        MOODYS CORP
        549300GCEDD8YCF5WU84
        MOODYS CORP
        615369105
        
          
        
        24250.00000000
        NS
        USD
        8182192.50000000
        1.368286126980
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RENTOKIL INITIAL PLC
        549300VN4WV7Z6T14K68
        RENTOKIL INITIAL PLC
        N/A
        
          
        
        1220700.00000000
        NS
        
        8434791.67000000
        1.410527609321
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-04-30
      Stacie M. Smith
      Stacie M. Smith
      Stacie M. Smith
      President and Treasurer
    
  
  XXXX



Quarterly Holdings Report
for
Fidelity® Variable Insurance Products:
International Capital Appreciation Portfolio
March 31, 2022
VIPCAP-NPRT1-0522
1.814640.117
Common Stocks - 99.1%
 
 
Shares
Value ($)
 
Bailiwick of Jersey - 1.8%
 
 
 
Experian PLC
 
226,707
8,734,029
Ferguson PLC
 
13,476
1,837,545
TOTAL BAILIWICK OF JERSEY
 
 
10,571,574
Canada - 9.5%
 
 
 
Brookfield Asset Management, Inc. Class A
 
174,746
9,885,381
Canadian National Railway Co.
 
80,100
10,744,927
Canadian Pacific Railway Ltd.
 
126,200
10,415,803
Constellation Software, Inc.
 
5,250
8,974,323
Thomson Reuters Corp.
 
78,400
8,511,964
Waste Connections, Inc. (Canada)
 
61,650
8,621,581
TOTAL CANADA
 
 
57,153,979
Denmark - 3.8%
 
 
 
DSV A/S
 
48,600
9,399,667
Novo Nordisk A/S Series B
 
121,500
13,476,311
TOTAL DENMARK
 
 
22,875,978
France - 18.2%
 
 
 
Air Liquide SA
 
54,070
9,459,218
Dassault Systemes SA
 
184,460
9,062,270
EssilorLuxottica SA
 
54,060
9,945,384
Hermes International SCA
 
6,995
9,993,910
Kering SA
 
13,560
8,560,800
L'Oreal SA
 
25,500
10,185,857
LVMH Moet Hennessy Louis Vuitton SE
 
19,501
13,919,800
Pernod Ricard SA
 
41,006
9,040,824
Sartorius Stedim Biotech
 
21,452
8,839,900
Schneider Electric SA
 
65,570
11,008,571
Teleperformance
 
22,576
8,648,739
TOTAL FRANCE
 
 
108,665,273
Germany - 3.0%
 
 
 
Infineon Technologies AG
 
271,000
9,167,940
Merck KGaA
 
41,920
8,804,104
TOTAL GERMANY
 
 
17,972,044
Hong Kong - 1.4%
 
 
 
Techtronic Industries Co. Ltd.
 
516,100
8,268,682
India - 2.8%
 
 
 
HDFC Bank Ltd.
 
448,150
8,613,939
Kotak Mahindra Bank Ltd. (a)
 
358,700
8,221,574
TOTAL INDIA
 
 
16,835,513
Ireland - 6.0%
 
 
 
Accenture PLC Class A
 
24,550
8,278,997
ICON PLC (a)
 
33,063
8,041,583
James Hardie Industries PLC CDI
 
60,467
1,813,896
Kingspan Group PLC (Ireland)
 
90,380
8,902,475
Linde PLC
 
27,940
8,924,874
TOTAL IRELAND
 
 
35,961,825
Japan - 6.4%
 
 
 
Hoya Corp.
 
74,920
8,537,725
Keyence Corp.
 
22,054
10,226,497
Recruit Holdings Co. Ltd.
 
216,460
9,404,548
Tokyo Electron Ltd.
 
19,689
10,111,506
TOTAL JAPAN
 
 
38,280,276
Netherlands - 7.0%
 
 
 
ASM International NV (Netherlands)
 
25,940
9,529,983
ASML Holding NV (Netherlands)
 
22,960
15,342,374
Ferrari NV (Italy)
 
39,700
8,726,531
Wolters Kluwer NV
 
80,052
8,552,886
TOTAL NETHERLANDS
 
 
42,151,774
Sweden - 4.6%
 
 
 
ASSA ABLOY AB (B Shares)
 
322,400
8,665,978
Atlas Copco AB (A Shares)
 
185,550
9,631,153
Hexagon AB (B Shares)
 
675,200
9,460,093
TOTAL SWEDEN
 
 
27,757,224
Switzerland - 9.0%
 
 
 
Compagnie Financiere Richemont SA Series A
 
72,120
9,141,562
Lonza Group AG
 
13,156
9,570,330
Nestle SA (Reg. S)
 
130,330
16,945,332
Partners Group Holding AG
 
6,921
8,639,547
Sika AG
 
27,895
9,279,718
TOTAL SWITZERLAND
 
 
53,576,489
Taiwan - 3.4%
 
 
 
Taiwan Semiconductor Manufacturing Co. Ltd.
 
983,800
20,194,946
United Kingdom - 6.2%
 
 
 
Ashtead Group PLC
 
136,300
8,653,510
Diageo PLC
 
208,800
10,591,292
RELX PLC (London Stock Exchange)
 
296,300
9,220,191
Rentokil Initial PLC
 
1,220,700
8,434,792
TOTAL UNITED KINGDOM
 
 
36,899,785
United States of America - 16.0%
 
 
 
Adobe, Inc. (a)
 
17,100
7,791,102
Danaher Corp.
 
28,550
8,374,572
Domino's Pizza, Inc.
 
16,548
6,735,201
Marsh & McLennan Companies, Inc.
 
48,349
8,239,637
MasterCard, Inc. Class A
 
22,900
8,184,002
Moody's Corp.
 
24,250
8,182,193
NICE Systems Ltd. sponsored ADR (a)
 
37,860
8,291,340
NVIDIA Corp.
 
30,062
8,202,717
S&P Global, Inc.
 
19,187
7,870,124
Sherwin-Williams Co.
 
31,570
7,880,503
Thermo Fisher Scientific, Inc.
 
13,624
8,047,016
Zoetis, Inc. Class A
 
41,660
7,856,659
TOTAL UNITED STATES OF AMERICA
 
 
95,655,066
 
TOTAL COMMON STOCKS
 (Cost $482,511,908)
 
 
 
592,820,428
 
 
 
 
Money Market Funds - 0.8%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.31% (b)
 
 (Cost $4,623,397)
 
 
4,622,473
4,623,397
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.9%
 (Cost $487,135,305)
 
 
 
597,443,825
NET OTHER ASSETS (LIABILITIES) - 0.1%  
370,781
NET ASSETS - 100.0%
597,814,606
 
 
Categorizations in Schedule of Investments are based on country or territory of incorporation.
 
Legend
 
(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.
 
 
 
 
Affiliated Central Funds
 
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
 
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 0.31%
78,082,043
50,164,915
123,623,561
1,622
-
-
4,623,397
0.0%
Fidelity Securities Lending Cash Central Fund 0.31%
-
5,702,474
5,702,474
167
-
-
-
0.0%
Total
78,082,043
55,867,389
129,326,035
1,789
-
-
4,623,397
 
 
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
 
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.


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