Semi-Annual Report and Accounts - chartbook.fid-intl.com

Fidelity
Funds
European Dynamic Value Fund
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
EUR
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
Royal Dutch Shell (Netherlands) (A) NL EUR 76,866 2,033,481 7.51
BP GB GBP 154,890 853,850 3.15
Eni IT EUR 43,611 772,349 2.85
MOL Hungarian Oil and Gas HU HUF 4,663 312,207 1.15
3,971,887 14.66
Utilities
Gas Natural SDG ES EUR 32,297 386,594 1.43
386,594 1.43
Materials
Johnson Matthey GB GBP 19,073 533,429 1.97
Clariant (Reg’d) CH CHF 59,730 493,481 1.82
HeidelbergCement DE EUR 10,027 410,008 1.51
1,436,918 5.30
Industrials
Philips Electronics NL EUR 32,483 626,597 2.31
Wolseley CH GBP 14,530 489,491 1.81
Orkla NO NOK 52,597 320,646 1.18
Eiffage FR EUR 6,665 176,648 0.65
1,613,382 5.96
Information Technology
SAP DE EUR 14,818 832,800 3.07
STMicroelectronics CH EUR 105,895 480,446 1.77
Sage Group GB GBP 105,435 407,367 1.50
Telefonaktiebolaget LM Ericsson (B) SE SEK 35,235 239,001 0.88
1,959,614 7.23
Consumer Discretionary
Lagardere FR EUR 48,274 1,017,862 3.76
Renault FR EUR 15,771 544,263 2.01
Cie Generale des Etablissements Michelin (B) FR EUR 5,824 385,907 1.42
Carnival GB GBP 11,668 357,526 1.32
TF1 FR EUR 53,558 355,036 1.31
2,660,594 9.82
Consumer Staples
WM Morrison Supermarkets GB GBP 239,599 798,212 2.95
Delhaize Group BE EUR 13,590 400,826 1.48
Metro DE EUR 14,871 330,498 1.22
Marine Harvest NO NOK 317,365 192,187 0.71
1,721,723 6.36
Healthcare
Sanofi FR EUR 29,318 1,988,345 7.34
Teva Pharmaceutical Industries ADR IL USD 30,582 954,601 3.52
Actelion (Reg’d) CH CHF 12,421 462,357 1.71
Sorin IT EUR 219,035 396,673 1.46
3,801,976 14.04
Telecommunication Services
Vodafone Group GB GBP 442,940 926,747 3.42
Telecom Italia (Pref’d) IT EUR 1,276,364 786,240 2.90
1,712,987 6.32
Financials
UBS (Reg’d) CH CHF 114,807 1,328,116 4.90
Barclays GB GBP 366,810 1,037,729 3.83
Delta Lloyd NL EUR 54,424 698,254 2.58
Man Group GB GBP 588,704 574,316 2.12
Ageas BE EUR 28,540 560,387 2.07
Deutsche Boerse DE EUR 10,187 425,418 1.57
ICAP GB GBP 78,396 316,934 1.17
KBC Groep BE EUR 10,338 187,220 0.69
5,128,374 18.93
Securities Admitted to or Dealt on Other Regulated Markets
Financials
Aegon NL EUR 207,587 894,283 3.30
894,283 3.30
41
Fractions (1) (0.00)
Total Investments (Cost EUR 25,019,660) 25,288,331 93.36
Futures
Country Ccy Shares or Market % Net
Code Nominal Value Assets
EUR
Ccy Underlying Unrealised % Net
exposure gain / (loss) Assets
EUR
FTSE 100 Index Future 21/12/2012 GBP 92,289 (1,864) (0.01)
Euro Stoxx 50 Future 21/12/2012 EUR 215,497 (3,714) (0.01)
(5,578) (0.02)
Other Assets and Liabilities 1,804,026 6.66
Net Assets 27,086,779 100.00
GEOGRAPHICAL SPLIT
Country Country Code % Net Assets
UK GB 21.44
France FR 16.50
Netherlands NL 15.70
Switzerland CH 12.01
Germany DE 7.38
Italy IT 7.22
Belgium BE 4.24
Israel IL 3.52
Norway NO 1.89
Spain ES 1.43
Hungary HU 1.15
Sweden SE 0.88
Cash and other net assets 6.64
The accompanying notes to the financial statements form an integral part of these financial statements. The percentage of net assets in the schedule of investments and in the geographical split is subject to rounding.