Fidelity International Discovery Fund - Class K (FIDKX)

Fidelity International Discovery Fund – Class K is a mutual fund designed to provide investors with diversified exposure to large-cap growth companies outside the United States. The fund primarily seeks long-term capital appreciation by investing at least 65% of its assets in common stocks of international firms, focusing on developed markets across Europe and Asia. With a portfolio spanning industries such as financial services, technology, and industrials, the fund emphasizes holdings in companies that demonstrate strong earnings growth and capital appreciation potential. Managed by a seasoned team employing a quality-first, research-driven approach, it typically maintains a moderate annual turnover and a low expense ratio. The fund’s diversified strategy is tailored to investors looking for broad international equity exposure, aiming to capitalize on opportunities in foreign markets while balancing risk and return. Its role in the financial market is to offer an accessible way for investors—especially those with retirement and long-term growth objectives—to participate in global economic growth through professionally managed, non-U.S. equity portfolios.