Fidelity International Small Cap Opportunities Fund

The primary objective of this fund is to achieve significant capital growth. It predominantly allocates its investments to securities issued by companies outside the United States, which includes firms situated in developing markets. A substantial portion, specifically at least 80%, of its portfolio is dedicated to companies characterized by small market capitalizations. The fund mainly holds common equities. Its investment advisor strategically distributes holdings across various countries and geographical regions. Security selection relies on in-depth fundamental analysis, evaluating aspects such as an issuer's financial strength, its competitive standing within its sector, and prevailing market and economic conditions.