Fidelity
®
International Growth Fund
Class
/Ticker
Fidelity International Growth Fund
/FIGFX
In this summary prospectus, the term "shares" (as it relates to the fund) means the class of shares offered through this summary
prospectus.
Summary Prospectus
December 29, 2012
As Revised August 13, 2013
Fund Summary
Fund
/Class:
Fidelity
®
International Growth Fund
/Fidelity International Growth Fund
Investment Objective
The fund seeks long-term growth of capital.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.
|
Shareholder fees
(fees paid directly from your investment)
|
|
|
Redemption fee on shares held less than 30 days (as a % of amount redeemed)
|
1.00%
|
Annual class operating expenses
(expenses that you pay each year as a % of the value of your investment)
|
Management fee (fluctuates based on the fund's performance relative to a securities market index)
|
0.79%
|
|
Distribution and/or Service (12b-1) fees
|
None
|
|
Other expenses
|
0.49%
|
|
Total annual operating expenses
|
1.28%
|
|
Fee waiver and/or expense reimbursement
A
|
0.08%
|
|
Total annual operating expenses after fee waiver and/or expense reimbursement
|
1.20%
|
A
Fidelity Management & Research Company (FMR) has contractually agreed to reimburse the class of shares of the fund to the extent that total operating expenses (excluding interest, taxes, certain securities
lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of its average net assets, exceed 1.20%. This arrangement will remain in effect through
December 31, 2014. FMR may not terminate this arrangement before the expiration date without the approval of the Board of Trustees.
Summary Prospectus
This
example
helps compare the cost of investing in the fund with the cost of investing in other mutual funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses
for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in
total expenses if you sell all of your shares at the end of each time period indicated:
|
1 year
|
$ 122
|
|
3 years
|
$ 395
|
|
5 years
|
$ 692
|
|
10 years
|
$ 1,535
|
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which
are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's
portfolio turnover rate was 32% of the average value of its portfolio.
Principal Investment Strategies
-
Normally investing primarily in non-U.S. securities, including securities of issuers located in emerging markets.
-
Normally investing primarily in common stocks.
-
Normally investing in companies Fidelity Management & Research Company (FMR) believes have above-average growth potential (stocks of
these companies are often called "growth" stocks).
-
Allocating investments across countries and regions.
-
Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions,
to select investments.
Principal Investment Risks
-
Stock Market Volatility.
Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or
economic developments. Different parts of the market and different types of securities can react differently to these developments.
-
Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can
be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be
extremely volatile.
Summary Prospectus
Fund Summary - continued
-
Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
-
"Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile
than other types of stocks.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index
over various periods of time. The index description appears in the Additional Information about the Indexes section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Visit www.fidelity.com for updated return information.
Year-by-Year Returns
|
Calendar Years
|
|
|
|
|
|
|
2008
|
2009
|
2010
|
2011
|
|
|
|
|
|
|
|
|
-41.29%
|
36.50%
|
16.94%
|
-8.95%
|
|
During the periods shown in the chart:
|
Returns
|
Quarter ended
|
|
Highest Quarter Return
|
20.69%
|
June 30, 2009
|
|
Lowest Quarter Return
|
-21.67%
|
September 30, 2008
|
|
Year-to-Date Return
|
14.72%
|
September 30, 2012
|
Summary Prospectus
Average Annual Returns
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or
local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold
your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be
higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
|
For the periods ended
December 31, 2011
|
Past 1
year
|
Life of
class
A
|
|
Fidelity International Growth Fund
|
|
|
|
Return Before Taxes
|
-8.95%
|
-4.76%
|
|
Return After Taxes on Distributions
|
-9.11%
|
-4.81%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-5.63%
|
-3.92%
|
|
MSCI
®
EAFE
®
Growth Index
(reflects no deduction for fees or expenses)
|
-12.03%
|
-7.94%
|
A
From November 1, 2007.
Investment Advisers
FMR is the fund's manager. FMR Co., Inc. (FMRC) and other investment advisers serve as sub-advisers for the fund.
Portfolio Manager(s)
Jed Weiss (portfolio manager) has managed the fund since November 2007.
Purchase and Sale of Shares
You may buy or sell shares of the fund through a Fidelity brokerage or mutual fund account, through a retirement account, or through an investment professional. You may buy or sell shares in various ways:
|
Internet
www.fidelity.com
|
|
Phone
Fidelity Automated Service Telephone (FAST
®
) 1-800-544-5555
To reach a Fidelity representative 1-800-544-6666
|
|
Mail
|
|
Additional purchases:
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003
|
Redemptions:
Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0035
|
|
TDD - Service for the Deaf and Hearing Impaired
1-800-544-0118
|
The price to buy one share of the fund is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated after your
investment is received in proper form.
The price to sell one share of the fund is its NAV, minus the short-term redemption fee, if applicable. Your shares will be sold at the NAV next calculated after your order is received in proper form, minus the short-term redemption fee, if applicable.
Summary Prospectus
Fund Summary - continued
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
|
Initial Purchase Minimum
|
$2,500
|
|
For Fidelity Simplified Employee Pension-IRA and Keogh accounts, and Non-Fidelity Prototype Retirement accounts
|
$500
|
|
Through regular investment plans in Fidelity Traditional IRAs, Roth IRAs, and Rollover IRAs (requires monthly purchases of $200 until fund balance is $2,500)
|
$200
|
The fund may waive or lower purchase minimums in other circumstances.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may
also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later,
upon withdrawal of your investment from such account).
Payments to Financial Intermediaries
The fund, FMR, Fidelity Distributors Corporation (FDC), and/or their affiliates may pay intermediaries, including retirement plan sponsors, administrators, or service-providers (who may be affiliated with FMR or FDC), for the sale of fund shares and related services. These payments may
create a conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment.
Ask your investment professional or visit your intermediary's web site for more information.
Summary Prospectus
FDC is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at
202-371-8300.
Fidelity, Fidelity Investments & Pyramid Design, and FAST are registered service marks of FMR LLC. © 2013 FMR LLC. All rights reserved.
The third party marks appearing above are the marks of their respective owners.
1.922071.104 IGF-SUM-1212-01
Fidelity
®
International Growth Fund
Class
/Ticker
Fidelity Advisor
®
International Growth Fund A
/FIAGX
T
/FITGX
B
/FBIGX
C
/FIGCX
Summary Prospectus
December 29, 2012
As Revised August 13, 2013
Fund Summary
Fund/
Class:
Fidelity
®
International Growth Fund/
Fidelity Advisor
®
International Growth
Fund
A,
T,
B,
C
Investment Objective
The fund seeks long-term growth of capital.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the fund or certain other
Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page 27 of the prospectus.
|
Shareholder fees
(fees paid directly from your investment)
|
|
|
Class A
|
|
Class T
|
|
Class B
|
|
Class C
|
|
Maximum sales charge (load) on purchases (as a % of offering price)
|
5.75%
|
|
3.50%
|
|
None
|
|
None
|
|
Maximum contingent deferred sales charge (as a % of the lesser of original purchase price or redemption proceeds)
|
None
A
|
|
None
A
|
|
5.00%
B
|
|
1.00%
C
|
|
Redemption fee on shares held less than 30 days (as a % of amount redeemed)
|
1.00%
|
|
1.00%
|
|
1.00%
|
|
1.00%
|
A
Class A and Class T purchases of $1 million or more will not be subject to a front-end sales charge. Such Class A and Class T purchases may be subject, upon redemption, to a contingent deferred sales charge
(CDSC) of 1.00% or 0.25%, respectively.
B
Declines over 6 years from 5.00% to 0%.
C
On Class C shares redeemed less than one year after purchase.
Summary Prospectus
Annual class operating expenses
(expenses that you pay each year as a % of the value of your investment)
|
|
Class A
|
|
Class T
|
|
Class B
|
|
Class C
|
|
Management fee (fluctuates based on the fund's performance relative to a securities market index)
|
0.79%
|
|
0.79%
|
|
0.79%
|
|
0.79%
|
|
Distribution and/or Service (12b-1) fees
|
0.25%
|
|
0.50%
|
|
1.00%
|
|
1.00%
|
|
Other expenses
|
0.54%
|
|
0.56%
|
|
0.56%
|
|
0.54%
|
|
Total annual operating expenses
|
1.58%
|
|
1.85%
|
|
2.35%
|
|
2.33%
|
|
Fee waiver and/or expense reimbursement
A
|
0.13%
|
|
0.15%
|
|
0.15%
|
|
0.13%
|
|
Total annual operating expenses after fee waiver and/or expense reimbursement
|
1.45%
|
|
1.70%
|
|
2.20%
|
|
2.20%
|
A
Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Class A, Class T, Class B, and Class C of the fund to the extent that total operating expenses (excluding interest, taxes,
certain securities lending costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any), as a percentage of their respective average net assets, exceed the following rates:
Class A
|
Class T
|
Class B
|
Class C
|
|
1.45%
|
1.70%
|
2.20%
|
2.20%
|
These arrangements will remain in effect through December 31, 2014. FMR may not terminate these arrangements before the expiration date without the approval of the Board of Trustees.
This
example
helps compare the cost of investing in the fund with the cost of investing in other mutual funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses
for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in
total expenses if you sell all of your shares at the end of each time period indicated and if you hold your shares:
|
Class A
|
Class T
|
Class B
|
Class C
|
|
|
Sell All
Shares
|
Hold
Shares
|
Sell All
Shares
|
Hold
Shares
|
Sell All
Shares
|
Hold
Shares
|
Sell All
Shares
|
Hold
Shares
|
|
1 year
|
$ 714
|
$ 714
|
$ 517
|
$ 517
|
$ 723
|
$ 223
|
$ 323
|
$ 223
|
|
3 years
|
$ 1,028
|
$ 1,028
|
$ 891
|
$ 891
|
$ 1,013
|
$ 713
|
$ 710
|
$ 710
|
|
5 years
|
$ 1,370
|
$ 1,370
|
$ 1,297
|
$ 1,297
|
$ 1,436
|
$ 1,236
|
$ 1,229
|
$ 1,229
|
|
10 years
|
$ 2,331
|
$ 2,331
|
$ 2,426
|
$ 2,426
|
$ 2,387
|
$ 2,387
|
$ 2,652
|
$ 2,652
|
Summary Prospectus
Fund Summary - continued
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are
not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio
turnover rate was 32% of the average value of its portfolio.
Principal Investment Strategies
-
Normally investing primarily in non-U.S. securities, including securities of issuers located in emerging markets.
-
Normally investing primarily in common stocks.
-
Normally investing in companies Fidelity Management & Research Company (FMR) believes have above-average growth potential (stocks of
these companies are often called "growth" stocks).
-
Allocating investments across countries and regions.
-
Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Principal Investment Risks
-
Stock Market Volatility.
Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or
economic developments. Different parts of the market and different types of securities can react differently to these developments.
-
Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can
be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be
extremely volatile.
-
Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
-
"Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile
than other types of stocks.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index
over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Summary Prospectus
Visit www.advisor.fidelity.com for updated return information.
Year-by-Year Returns
The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those
shown.
|
Calendar Years
|
|
|
|
|
|
|
2008
|
2009
|
2010
|
2011
|
|
|
|
|
|
|
|
|
-41.45%
|
36.12%
|
16.77%
|
-9.26%
|
|
During the periods shown in the chart for Class A:
|
Returns
|
Quarter ended
|
|
Highest Quarter Return
|
20.49%
|
June 30, 2009
|
|
Lowest Quarter Return
|
-21.81%
|
September 30, 2008
|
|
Year-to-Date Return
|
14.51%
|
September 30, 2012
|
Average Annual Returns
Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using
the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A
are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement.
Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing
a capital loss upon the sale of fund shares.
Summary Prospectus
Fund Summary - continued
|
For the periods ended
December 31, 2011
|
Past 1
year
|
Life of
class
A
|
|
Class A - Return Before Taxes
|
-14.48%
|
-6.35%
|
|
Return After Taxes on Distributions
|
-14.60%
|
-6.37%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-9.27%
|
-5.23%
|
|
Class T - Return Before Taxes
|
-12.67%
|
-6.05%
|
|
Class B - Return Before Taxes
|
-14.41%
|
-6.16%
|
|
Class C - Return Before Taxes
|
-10.81%
|
-5.71%
|
|
MSCI® EAFE® Growth Index
(reflects no deduction for fees or expenses)
|
-12.03%
|
-7.94%
|
A
From November 1, 2007.
Investment Advisers
FMR is the fund's manager. FMR Co., Inc. (FMRC) and other investment advisers serve as sub-advisers for the fund.
Portfolio Manager(s)
Jed Weiss (portfolio manager) has managed the fund since November 2007.
Purchase and Sale of Shares
You may buy or sell Class A, Class T, Class B, and Class C shares of the fund through a retirement account or through an investment professional.
You may buy or sell shares in various ways:
|
Internet
www.advisor.fidelity.com
|
|
Phone
To reach a Fidelity representative 1-877-208-0098
|
|
Mail
|
|
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081
|
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
|
Subject to certain limited exceptions described in the Additional Information about the Purchase and Sale of Shares section of the prospectus, the
fund no longer accepts investments in Class B shares. Any purchase order for Class B shares of the fund (other than from an existing Class B
shareholder pursuant to an exchange or the reinvestment of dividends and capital gain distributions paid on Class B shares) will be deemed to be a
purchase order for Class A shares of the fund and will be subject to any applicable Class A front-end sales charge.
The price to buy one share of Class A or Class T is its offering price, if you pay a front-end sales charge, or its net asset value per share (NAV), if
you qualify for a front-end sales charge waiver. The price to buy one share of Class B or Class C is its NAV. Your shares will be bought at the offering
price or NAV, as applicable, next calculated after your order is received in proper form.
Summary Prospectus
The price to sell one share of Class A, Class T, Class B, or Class C is its NAV, minus the short-term redemption fee, if applicable, and any applicable contingent deferred sales charge (CDSC). Your shares will be sold at the NAV next calculated after your order is received in proper form, minus the short-term redemption fee, if applicable, and any applicable CDSC.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
|
Initial Purchase Minimum
|
$2,500
|
|
For Fidelity Advisor Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts
|
$500
|
|
Through a regular investment plan established at the time the fund position is opened
|
$100
|
The fund may waive or lower purchase minimums in other circumstances.
After a maximum of seven years from the initial purchase date, Class B shares convert automatically to Class A shares of the fund at NAV.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and may
also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be taxed later,
upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, FMR, Fidelity Distributors Corporation (FDC), and/or their affiliates may pay intermediaries, including banks, broker-dealers, or other
service-providers (who may be affiliated with FMR or FDC), for the sale of fund shares and related services. These payments may create a conflict
of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your investment professional or visit your intermediary's web site for more information.
Summary Prospectus
FDC is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at
202-371-8300.
Fidelity, Fidelity Advisor, and Fidelity Investments & Pyramid Design are registered service marks of FMR LLC. © 2013 FMR LLC. All rights reserved.
The third-party marks appearing above are the marks of their respective owners.
1.922069.104 AIGF-SUM-1212-01
Fidelity
®
International Growth Fund
Class
/Ticker
Fidelity Advisor
®
International Growth Fund Institutional
/FIIIX
Summary Prospectus
December 29, 2012
As Revised August 13, 2013
Fund Summary
Fund/
Class:
Fidelity® International Growth Fund/
Fidelity Advisor
®
International Growth Fund Institutional
Investment Objective
The fund seeks long-term growth of capital.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund.
|
Shareholder fees
(fees paid directly from your investment)
|
|
|
Redemption fee on shares held less than 30 days (as a % of amount redeemed)
|
1.00%
|
Annual class operating expenses
(expenses that you pay each year as a % of the value of your investment)
|
Management fee (fluctuates based on the fund's performance relative to a securities market index)
|
0.79%
|
|
Distribution and/or Service (12b-1) fees
|
None
|
|
Other expenses
|
0.48%
|
|
Total annual operating expenses
|
1.27%
|
|
Fee waiver and/or expense reimbursement
A
|
0.07%
|
|
Total annual operating expenses after fee waiver and/or expense reimbursement
|
1.20%
|
A
Fidelity Management & Research Company (FMR) has contractually agreed to reimburse Institutional Class of the fund to the extent that total operating expenses (excluding interest, taxes, certain securities lending
costs, brokerage commissions, extraordinary expenses, and acquired fund fees and expenses, if any
)
, as a percentage of its average net assets, exceed 1.20%. This arrangement will remain in effect through
December 31, 2014.
FMR may not terminate this arrangement before the expiration date without the approval of the Board of Trustees.
Summary Prospectus
This
example
helps compare the cost of investing in the fund with the cost of investing in other mutual funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for
shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest
actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated:
|
1 year
|
$ 122
|
|
3 years
|
$ 393
|
|
5 years
|
$ 687
|
|
10 years
|
$ 1,525
|
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which
are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's
portfolio turnover rate was 32% of the average value of its portfolio.
Principal Investment Strategies
-
Normally investing primarily in non-U.S. securities, including securities of issuers located in emerging markets.
-
Normally investing primarily in common stocks.
-
Normally investing in companies Fidelity Management & Research Company (FMR) believes have above-average growth potential (stocks of
these companies are often called "growth" stocks).
-
Allocating investments across countries and regions.
-
Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Principal Investment Risks
-
Stock Market Volatility.
Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or
economic developments. Different parts of the market and different types of securities can react differently to these developments.
-
Foreign Exposure.
Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Emerging markets can
be subject to greater social, economic, regulatory, and political uncertainties and can be extremely volatile. Foreign exchange rates also can be
extremely volatile.
Summary Prospectus
Fund Summary - continued
-
Issuer-Specific Changes.
The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.
-
"Growth" Investing.
"Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile
than other types of stocks.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the
performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market
index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past
performance (before and after taxes) is not an indication of future performance.
Visit www.advisor.fidelity.com for updated return information.
Year-by-Year Returns
|
Calendar Years
|
|
|
|
|
|
|
2008
|
2009
|
2010
|
2011
|
|
|
|
|
|
|
|
|
-41.29%
|
36.50%
|
16.94%
|
-9.07%
|
|
During the periods shown in the chart:
|
Returns
|
Quarter ended
|
|
Highest Quarter Return
|
20.69%
|
June 30, 2009
|
|
Lowest Quarter Return
|
-21.67%
|
September 30, 2008
|
|
Year-to-Date Return
|
14.87%
|
September 30, 2012
|
Average Annual Returns
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state
or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if
you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund
Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares.
Summary Prospectus
|
For the periods ended
December 31, 2011
|
Past 1
year
|
Life of
class
A
|
|
Institutional Class
|
|
|
|
Return Before Taxes
|
-9.07%
|
-4.79%
|
|
Return After Taxes on Distributions
|
-9.23%
|
-4.84%
|
|
Return After Taxes on Distributions and Sale of Fund Shares
|
-5.71%
|
-3.94%
|
|
MSCI® EAFE® Growth Index
(reflects no deduction for fees or expenses)
|
-12.03%
|
-7.94%
|
A
From November 1, 2007.
Investment Advisers
FMR is the fund's manager. FMR Co., Inc. (FMRC) and other investment advisers serve as sub-advisers for the fund.
Portfolio Manager(s)
Jed Weiss (portfolio manager) has managed the fund since November 2007.
Purchase and Sale of Shares
Institutional Class eligibility requirements are listed in the Additional Information about the Purchase and Sale of Shares section of the prospectus.
You may buy or sell Institutional Class shares of the fund through a retirement account or through an investment professional. You may buy or
sell shares in various ways:
|
Internet
www.advisor.fidelity.com
|
|
Phone
To reach a Fidelity representative 1-877-208-0098
|
|
Mail
|
|
Fidelity Investments
P.O. Box 770002
Cincinnati, OH 45277-0081
|
Overnight Express:
Fidelity Investments
100 Crosby Parkway
Covington, KY 41015
|
The price to buy one share of Institutional Class is its net asset value per share (NAV). Your shares will be bought at the NAV next calculated
after your order is received in proper form.
The price to sell one share of Institutional Class is its NAV, minus the short-term redemption fee, if applicable. Your shares will be sold at the NAV
next calculated after your order is received in proper form, minus the short-term redemption fee, if applicable.
The fund is open for business each day the New York Stock Exchange (NYSE) is open.
Summary Prospectus
Fund Summary - continued
|
Initial Purchase Minimum
|
$2,500
|
|
For Fidelity Advisor Traditional IRA, Roth IRA, Rollover IRA, Simplified Employee Pension-IRA, and Keogh accounts
|
$500
|
|
Through a regular investment plan established at the time the fund position is opened
|
$100
|
The fund may waive or lower purchase minimums in other circumstances.
Tax Information
Distributions you receive from the fund are subject to federal income tax and generally will be taxed as ordinary income or capital gains, and
may also be subject to state or local taxes, unless you are investing through a tax-advantaged retirement account (in which case you may be
taxed later, upon withdrawal of your investment from such account).
Payments to Broker-Dealers and Other Financial Intermediaries
The fund, FMR, Fidelity Distributors Corporation (FDC), and/or their affiliates may pay intermediaries, including banks, broker-dealers, or other service-providers (who may be affiliated with FMR or FDC), for the sale of fund shares and related services. These payments may create a
conflict of interest by influencing your intermediary and your investment professional to recommend the fund over another investment. Ask your
investment professional or visit your intermediary's web site for more information.
Summary Prospectus
FDC is a member of the Securities Investor Protection Corporation (SIPC). You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at
202-371-8300.
Fidelity, Fidelity Advisor, and Fidelity Investments & Pyramid Design are registered service marks of FMR LLC. © 2013 FMR LLC. All rights reserved.
The third-party marks appearing above are the marks of their respective owners.
1.922070.104 AIGFI-SUM-1212-01
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