For the first three months of 2026, Fidelity® International Discovery Fund's Retail Class shares returned -2.07%, trailing the -1.17% result of the benchmark MSCI EAFE Index (Net MA).
During the first quarter, the global economy remained in a solid, albeit unsynchronized, expansion against a backdrop of policy crosscurrents.
Within the benchmark MSCI EAFE Index, 8 of 11 sectors finished in negative territory for the quarter.
Stock picks in materials also hurt, as did underweight allocations to energy and utilities companies.
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Investment Approach
Fidelity® International Discovery Fund is a diversified international equity strategy that seeks capital growth by investing primarily in non-U.S. stocks.
We manage the fund with a long-term view, focusing on high-quality companies with
