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

Fidelity
Funds
Latin America Fund
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
Pacific Rubiales Energy CO CAD 2,429,154 58,092,808 2.58
Petroleo Brasileiro (Pref’d) ADR BR USD 2,486,650 51,001,194 2.26
Petroleo Brasileiro ADR BR USD 2,122,845 44,919,398 1.99
HRT Participacoes em Petroleo BR BRL 2,053,893 6,097,368 0.27
Petroleo Brasileiro (Pref’d) BR BRL 555,469 5,710,021 0.25
165,820,789 7.36
Utilities
Cia Energetica de Minas Gerais ADR BR USD 2,744,252 33,178,002 1.47
Cia Paranaense de Energia ADR BR USD 1,083,362 16,033,761 0.71
49,211,763 2.18
Materials
Grupo Mexico (B) MX MXN 32,921,774 105,141,457 4.66
Industrias Penoles MX MXN 933,620 46,890,294 2.08
CAP CL CLP 1,237,286 42,568,516 1.89
Vale (Pref’d) ADR BR USD 2,180,626 38,618,882 1.71
Antofagasta GB GBP 1,285,469 26,064,218 1.16
Mexichem MX MXN 4,969,636 24,674,510 1.09
Duratex BR BRL 3,304,895 22,681,290 1.01
Volcan Cia Minera (B) PE PEN 19,862,645 19,916,266 0.88
Braskem BR BRL 1,696,724 11,151,670 0.49
Methanex CA CAD 200,117 6,013,233 0.27
343,720,336 15.25
Industrials
Alfa (A) MX MXN 33,854,918 62,478,312 2.77
Copa Holdings (A) PA USD 415,404 37,909,806 1.68
WEG BR BRL 1,199,570 13,730,797 0.61
Empresas ICA MX MXN 6,206,020 12,941,552 0.57
Salfacorp CL CLP 3,572,660 8,462,149 0.38
Industrias Romi BR BRL 2,472,759 6,403,462 0.28
141,926,078 6.30
Information Technology
Totvs BR BRL 650,737 13,080,741 0.58
MercadoLibre AR USD 139,723 11,665,469 0.52
24,746,210 1.10
Consumer Discretionary
Lojas Renner BR BRL 1,357,290 50,149,973 2.22
Lojas Americanas (Pref’d) BR BRL 3,769,850 31,570,080 1.40
Anhanguera Educacional Participacoes BR BRL 1,710,997 29,558,337 1.31
Cia Hering BR BRL 1,056,704 24,258,625 1.08
MRV Engenharia e Participacoes BR BRL 3,055,041 15,988,127 0.71
SACI Falabella CL CLP 714,603 7,290,053 0.32
T4F Entretenimento BR BRL 975,035 5,544,337 0.25
164,359,532 7.29
Consumer Staples
Cia de Bebidas das Americas ADR BR USD 3,498,483 142,808,087 6.34
Fomento Economico Mexicano ADR MX USD 1,047,119 94,355,876 4.19
Wal-Mart de Mexico MX MXN 25,897,467 76,575,714 3.40
Cia Brasileira de Dist. Grupo Pao de Acucar (Pref’d) BR BRL 1,164,123 53,466,443 2.37
BRF - Brasil Foods BR BRL 2,863,428 51,948,262 2.30
Souza Cruz BR BRL 2,464,927 32,449,855 1.44
Cosan Industria e Comercio BR BRL 1,068,433 20,246,147 0.90
Controladora Comercial Mexicana MX MXN 4,303,777 11,999,224 0.53
Brazil Pharma BR BRL 1,987,029 11,983,611 0.53
Copeinca PE NOK 467,335 3,621,796 0.16
499,455,015 22.16
Healthcare
Genomma Lab Internacional (B) MX MXN 10,639,609 20,740,390 0.92
20,740,390 0.92
Telecommunication Services
America Movil (L) ADR MX USD 5,493,737 138,991,547 6.17
Telefonica Brasil (Pref’d) BR BRL 1,150,987 24,915,759 1.11
Tim Participacoes BR BRL 6,138,625 21,487,607 0.95
Millicom International Cellular SDR LU SEK 126,673 10,954,327 0.49
America Movil (L) MX MXN 2,240,338 2,837,322 0.13
199,186,562 8.84
Financials
Itau Unibanco Holding ADR BR USD 12,275,101 178,357,216 7.91
BM&FBovespa BR BRL 13,053,790 84,317,509 3.74
92
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Grupo Financiero Banorte MX MXN 12,240,363 67,739,699 3.01
Bolsa Mexicana de Valores MX MXN 17,282,786 37,848,792 1.68
Banco Bradesco (Pref’d) BR BRL 2,093,093 32,789,594 1.45
BR Malls Participacoes BR BRL 2,258,835 29,903,544 1.33
Banco de Chile CL CLP 199,626,018 29,551,951 1.31
Banco do Estado do Rio Grande do Sul (Pref’d) (B) BR BRL 3,644,218 28,670,049 1.27
Banco de Credito e Inversiones CL CLP 306,529 19,487,812 0.86
First Cash Financial Services US USD 424,231 18,746,758 0.83
Intergroup Financial Services PE USD 285,639 9,280,426 0.41
536,693,350 23.81
Securities Admitted to or Dealt on Other Regulated Markets
Materials
Cementos Argos CO COP 4,410,932 21,899,270 0.97
Grupo Argos CO COP 331,959 3,680,578 0.16
25,579,848 1.13
Financials
Grupo de Inversiones Suramericana CO COP 2,390,445 46,244,779 2.05
Bolsa de Valores de Colombia CO COP 485,219,496 8,480,542 0.38
54,725,321 2.43
Open Ended Fund
Fidelity Institutional Liquidity Fund - A-ACC-USD IE USD 1 1,013 0.00
1,013 0.00
Fractions 1 0.00
Total Investments (Cost USD 2,025,597,823) 2,226,166,208 98.76
Other Assets and Liabilities 27,887,690 1.24
Net Assets 2,254,053,898 100.00
GEOGRAPHICAL SPLIT
Country Country Code % Net Assets
Brazil BR 50.27
Mexico MX 31.20
Colombia CO 6.14
Chile CL 4.76
Panama PA 1.68
Peru PE 1.46
UK GB 1.16
USA US 0.83
Argentina AR 0.52
Luxembourg LU 0.49
Canada CA 0.27
Ireland IE 0.00
Cash and other net assets 1.24
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.