Fidelity Total International Equity Fund

This fund predominantly invests in companies located outside the United States, with a significant portion dedicated to emerging market opportunities. A minimum of 80% of its portfolio is allocated to equity securities, predominantly common stocks. The advisor references the MSCI ACWI (All Country World Index) ex USA Index to inform decisions regarding investment distribution across various international developed and emerging regions. This strategic approach ensures a broad exposure, incorporating both "growth" and "value" oriented companies, alongside enterprises with smaller market valuations.