FJSCX
Fidelity Japan Smaller Companies Fund
Fidelity Investment Trust
Expense ratio1
0.85%
Net assets2
$394.54M
Holdings2
89
Category
International Equity
2025 return3
26.46%

Investment objective & strategy

As of Dec. 29, 2025 · prospectus

Objective. Fidelity Japan Smaller Companies Fund seeks long-term growth of capital.

Strategy. Normally investing at least 80% of assets in securities of Japanese issuers, and other investments that are tied economically to Japan, with smaller market capitalizations . Japanese issuers with smaller market capitalizations are those companies with market capitalizations similar to companies in the Russell/Nomura Mid-Small Cap TM Index or the JASDAQ Index . The Adviser considers a number of factors to determine whether an issuer is located in or tied economically to a particular country or region including: whether a third-party vendor has assigned a particular country or region classification to the issuer or included the issuer in an index representative of a particular country or region; the issuer's domicile, incorporation, and location of assets; whether the issuer derives at … Normally investing at least 80% of assets in securities of Japanese issuers, and other investments that are tied economically to Japan, with smaller market capitalizations . Japanese issuers with smaller market capitalizations are those companies with market capitalizations similar to companies in the Russell/Nomura Mid-Small Cap TM Index or the JASDAQ Index . The Adviser considers a number of factors to determine whether an issuer is located in or tied economically to a particular country or region including: whether a third-party vendor has assigned a particular country or region classification to the issuer or included the issuer in an index representative of a particular country or region; the issuer's domicile, incorporation, and location of assets; whether the issuer derives at least 50% of its revenues from, or has at least 50% of its assets in, a particular country or region; the source of government guarantees (if any); and the primary trading market or listing exchange. Whether an issuer is located in or tied economically to a particular country can be determined under any of these factors. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Potentially investing in securities of Japanese issuers with larger market capitalizations. Normally investing primarily in common stocks. 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.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
Fidelity Securities Lending Cash Central Fund $14.84M 3.76%
HOKUHOKU FINANCI $14.73M 3.73%
SOMPO HOLDINGS I $9.93M 2.52%
VISIONAL INC $8.53M 2.16%
RENESAS ELECTRON $8.08M 2.05%
YAMATO KOGYO $7.96M 2.02%
EBARA CORP $7.87M 2.00%
C UYEMURA & CO $7.76M 1.97%
IHI CORP $7.44M 1.89%
KEWPIE CORPORATION 2809 $7.29M 1.85%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
11
Exited
10
Increased
17
Decreased
31
Unchanged
30

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Fidelity Japan Fund · FJPNX, FPJAX, FJPCX, FJPTX, FJPIX, FIQLX 30% 0.64%
Fidelity International Small Cap Fund · FISMX, FIASX, FICSX, FTISX, FIXIX, FIQIX 17% 0.83%
Fidelity Series Select International Small Cap Fund · FSSJX 15% 0.01%
View all similar funds →

Advisers

As of October 31, 2025 · N-CEN
FirmRole
FMR Investment Management (UK) Limited Sub-adviser
Fidelity Management & Research (Japan) Limited Sub-adviser
Fidelity Management & Research (Hong Kong) Limited Sub-adviser
Fidelity Management & Research Company LLC Adviser
FIL Investment Advisors Sub-adviser
FIL Investment Advisors (UK) Limited Sub-adviser

Footnotes

  1. Expense ratio as of December 29, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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