Strategy. Normally investing at least 80% of assets in securities included in the Fidelity International Quality Focus IndexSM and in depositary receipts representing securities included in the index. The Fidelity International Quality Focus Index SM is designed to reflect the performance of large and mid-cap developed international stocks that have attractive quality characteristics. The universe of stocks for consideration in the index, which is intended to reflect the broader developed international equity market, consists of the largest developed international stocks based on float-adjusted market capitalization and certain liquidity and investability requirements. The Fidelity International Quality Focus Index SM is constructed using Fidelity's rules-based proprietary index methodology. Stocks with the exception of financials and REITs are ranked and given a composite score … Show more… Normally investing at least 80% of assets in securities included in the Fidelity International Quality Focus IndexSM and in depositary receipts representing securities included in the index. The Fidelity International Quality Focus Index SM is designed to reflect the performance of large and mid-cap developed international stocks that have attractive quality characteristics. The universe of stocks for consideration in the index, which is intended to reflect the broader developed international equity market, consists of the largest developed international stocks based on float-adjusted market capitalization and certain liquidity and investability requirements. The Fidelity International Quality Focus Index SM is constructed using Fidelity's rules-based proprietary index methodology. Stocks with the exception of financials and REITs are ranked and given a composite score based on ten measures of quality: high free cash flow margin, high return on invested capital, high gross profit margin, high return on equity, stable earnings growth, stable return on assets, stable free cash flow, stable accruals, low financial leverage, and low accruals. Financials and REITS are ranked and given a composite score based on four measures of quality: high return on equity, stable earnings growth, stable return on equity, and low financial leverage. 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. Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price-to-earnings (P/E) ratio, price-to-book (P/B) ratio, earnings growth, country weightings, and the effect of foreign taxes to attempt to replicate the returns of the Fidelity International Quality Focus Index?. Lending securities to earn income for the fund. Show less