(PUB) Investing 2016

23

May 2016

Morningstar FundInvestor

Data through April 30, 2016 FINRA members: For internal or institutional use only. Fidelity® International Growth

Ticker FIGFX

Yield 0.7%

Total Assets $1,659 mil

Mstar Category Foreign Large Growth

Benchmark 1: MSCI ACWI Ex USA Growth NR USD Benchmark 2: MSCI ACWI Ex USA NR USD Morningstar Analyst Rating 04-11-16 ´

Investment Style Equity

Historical Profile Return Risk Rating High Below Avg QQQQQ Highest

7 7 7 7 7 7 7 7

10.0 12.0

Growth of $10,000

Investment Values of Fund Investment Values of Benchmark 1

Morningstar Pillars Process

8.0

∞ Positive ∞ Positive ∞ Positive ∞ Positive ∞ Positive

6.0

Performance

People Parent

Performance Quartile (within Category)

& ( & & * * * & *

Price

History

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 04-16 . 9.56 5.54 7.48 8.67 7.81 9.25 11.24 10.80 11.14 11.03

Morningstar Analyst Rating Morningstar evaluates mutual funds based on five key pillars, which its analysts believe lead to funds that are more likely to outperform over the long term on a risk-adjusted basis. Analyst Rating Spectrum Œ „ ´ ‰ Á

NAV

. . . . . . . . . . . . . . . . . . . .

-41.29 36.50 16.94 -8.95 19.77 22.18 -3.13 3.93 -0.99 4.32 -2.17 2.49 5.25 3.10 6.69 -0.48 5.19 -2.16 4.23 -4.95 5.79 4.76 2.94 6.89 0.74 9.60 -3.23 0.67 1.03 0.87 0.91 1.24 0.54 0.81 0.72 0.00 -41.96 35.47 16.07 -9.86 18.53 21.63 -3.94 3.21 -0.99

Total Return % +/- Bmark 1 +/- Bmark 2 Income Return % Capital Return % Capital Gains $ Expense Ratio % Income Ratio % Turnover Rate % Net Assets $mil Total Rtn % Rank Cat Income $

Pillar Spectrum ∞ Positive

10

55

24

23

29

26

37

17

43

§ Negative

¶ Neutral

. 0.01 0.06 0.06 0.07 0.08 0.10 0.05 0.09 0.08 0.00

0.00 0.03 0.01 0.01 0.01 0.01 0.00 0.01 0.00 2.35 2.19 1.89 1.52 1.28 1.13 1.04 0.97 . 1.05 1.09 0.99 1.17 1.24 1.11 1.14 0.94 .

Performance 04-30-16 1st Qtr 2nd Qtr

3rd Qtr

4th Qtr

Total

2012 2013 2014 2015 2016

13.06 -4.30 6.04 4.40 19.77 6.38 -1.93 9.33 7.12 22.18 -1.16 3.15 -4.45 -0.56 -3.13 6.48 0.70 -7.43 4.71 3.93

.

115

116

87 37

68 52

32

32

27

26

.

14

15

22

168

472

628

948

989

Rating and Risk Time Period Load-Adj Return %

Portfolio Analysis 03-31-16 Total Stocks: 94 Share change since 02-29-16 T Roche Holding AG Dividend T Anheuser-Busch Inbev SA T Reckitt Benckiser Group P T Nestle SA

-2.15

— — — —

Morningstar Rtn vs Cat

Morningstar Risk vs Cat

Morningstar Risk-Adj Rating

Sector

Country

% Assets

Trailing

Total Return%

+/- Bmark 1

+/- Bmark 2

%Rank Cat

Growth of $10,000

Cnsmr Def

Switzerland

5.05 3.54 3.48 2.94 2.78 2.72 2.67 2.45 2.04 2.01 1.98 1.89 1.83 1.74 1.65 1.53

1 Yr 3 Yr 5 Yr

-5.41 3.57 4.12

3 Mo 6 Mo

4.85 -2.98 -4.86 -2.34 -1.09 -0.59 -5.41 3.27 5.87 3.57 2.16 3.59 4.12 3.23 4.25

56 10,485 39 9,766 22 9,459 23 11,110 11 12,237

Hlth Care Switzerland

-Avg QQQQ -Avg QQQQQ

+Avg

Cnsmr Def Cnsmr Def

Belgium

High

1 Yr

United Kingdom 3.25

10 Yr Incept

— — — —

3 Yr Avg 5 Yr Avg 10 Yr Avg 15 Yr Avg

T CSL Ltd

Hlth Care Australia Hlth Care Switzerland Cnsmr Cyc Spain Hlth Care Denmark Basic Mat Sweden

2.07

Novartis AG

— — — — — — — — — —

T Industria De Diseno Texti T Novo Nordisk A/S ADR

Other Measures

Standard Index

Best Fit Index

Alpha

3.5

0.8

T Assa Abloy AB B

Beta

0.82

0.90

Tax Analysis

Tax Adj Rtn% %Rank Cat Tax-Cost Rat %Rank Cat

T InterContinental Hotels G

Cnsmr Cyc United Kingdom 2.39

R-Squared

87

95

3 Yr (estimated) 5 Yr (estimated) 10 Yr (estimated)

3.42 3.91

13

0.15 0.20

19 25

T Astellas Pharma Inc T Visa Inc Class A T MasterCard Inc A

Hlth Care Japan

6

Standard Deviation

11.79

Finan Svcs United States Finan Svcs United States Finan Svcs Hong Kong

— — — —

Mean

3.57 0.35

Sharpe Ratio

T AIA Group Ltd

Potential Capital Gain Exposure: 3% of assets

T SAP SE

Technology Germany Cnsmr Cyc Japan

Morningstar's Take by Katie Rushkewicz Reichart, CFA 04-11-16 Fidelity International Growth has done well under manager Jed Weiss, who has run the fund since its late-2007 inception. His focus on multiyear structural growthstorieshascoincidedwiththe fund's relatively low turnoveranda tame riskprofile.Aconsistentstrategyand below-average fees also contribute to the fund's Morningstar Analyst Rating of Bronze.

T Denso Corp T Alphabet Inc A T CRH PLC ADR T Prudential PLC

Technology United States Basic Mat United States

base and large-cap focus limit how heavily Weiss will invest in those types of names here, especially in the wake of further asset growth. Weiss' stock-picking has been good across several sectors during his tenure, according to attribution, indicating that he's using Fidelity's large global research teamwell. He has built an impressive record thus far: The fund's 2% annualized gain from his 2007 start through March 2016 outpaces 93% of its peers in the foreign large-growth Morningstar Category and beats the benchmark, which is slightly in the red during that period. The fund has maintained its edge on a risk-adjusted basis thanks to its tendency to lose less than the benchmark and peers in market pullbacks. Weiss invests more than $1 million in the fund, further supporting its Bronze rating. He's shown good results thus far, but his biggest challenge may be continuing to perform well if assets grow.

Finan Svcs United Kingdom 1.42

T Autoliv Inc

Cnsmr Cyc Sweden

1.41

Current Investment Style

Sector Weightings h Cyclical r BasicMat t CnsmrCyc y FinanSvcs u Real Est j Sensitive i CommSrvs o Energy p Industrl a Technlgy k Defensive s CnsmrDef d Hlthcare f Utilities

% of Stocks

Rel Bmark 1

Market Cap % Giant 60.3 Large 21.0 Mid 16.0 Small 2.7 Micro 0.0 Avg $mil: 37,380

Value Blend Growth

Large Mid Small

39.02 1.10 7.49 1.09 14.79 1.05 14.16 1.26 2.58 0.78 21.88 0.68 0.30 0.06 0.39 0.17 9.70 0.84 11.49 0.83 39.09 1.22 20.68 1.09 18.41 1.56 0.00 0.00

After joining Fidelity in 1997, Weiss made the rounds as an analyst before taking over this fund. It has less than $2 billion in assets, but Weiss is running considerably moremoney intheFidelitySeriesversionofthe fund(used exclusively in the firm's target-date funds), so the strategy's assets are closer to $14 billion. Weiss also has a strong record dating back to 2008 at Fidelity International Small Cap Opportunities FSCOX, an interesting complement given this fund's large-cap focus. His assignments across the market-cap spectrum could demand more time than the average manager, but they also give him more market perspective. This fund recently had slightly higher small- and mid-cap exposure than its MSCI EAFE Growth benchmark, and those picks have added to performance overall. Still, this fund's asset

Value Measures

Rel Category

Price/Earnings 20.04

1.09 1.11 1.43 1.08 1.02 0.85 1.41 1.74 1.05 1.58

Price/Book Price/Sales

2.93 2.53

Price/Cash Flow 10.28 Dividend Yield % 2.29

Growth Measures

% Rel Category

Long-Term Erngs 9.47

Regional Exposure % Stock UK/W. Europe 53 N. America 20 Japan 14 Latn America 1 Asia X Japan 10 Other 2

Book Value

8.40 3.83 7.57

Sales

Address:

Fidelity Investment Trust

Minimum Purchase: Min Auto Inv Plan:

$2500

Add: — IRA: $2500

Cash Flow

Boston, MA 02109

— Add: —

Historical Erngs 13.37

800-544-8544

Sales Fees:

No-load, 1.00%R

Country Exposure United States 20 UK 14 Japan 14

% Stock

Web Address:

www.fidelity.com

Management Fee:

0.45%

Composition - Net Cash

Switzerland 14 Sweden 6

Inception:

11-01-07

Actual Fees:

Mgt:0.71% Dist:—

2.3 Bonds

0.0 0.0

Advisor:

Fidelity Management & Research Company FMR Investment Management (U.K.) Limited

Expense Projections: Income Distribution:

3Yr:$309 5Yr:$536 10Yr:$1190

Stocks 97.7 Other

Subadvisor:

Annually

Foreign (% of Stock)

80.0

A

ß ® Mutual Funds

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