Normally investing at least 80% of assets in securities of emerging Europe, Middle East and Africa (EMEA) issuers and other investments that are tied economically to the EMEA region. Normally investing primarily in common stocks. Allocating investments across different EMEA region countries. Investing up to 35% of total assets in any industry that accounts for more than 20% of the EMEA market. 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. Proposed Reorganization. The Board of Trustees of Fidelity Investment Trust has unanimously approved an Agreement and Plan of Reorganization (“Agreement”) between Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund and Fidelity® Emerging Markets Fund pursuant to which Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund would be reorganized on a tax-free basis with and into Fidelity® Emerging Markets Fund. As a result of the proposed Reorganization, shareholders of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund would receive corresponding shares of Fidelity® Emerging Markets Fund. The Agreement provides for the transfer of all of the assets of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund in exchange for corresponding shares of Fidelity® Emerging Markets Fund equal in value to the net assets of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund and the assumption by Fidelity® Emerging Markets Fund of all of the liabilities of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund. After the exchange, Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund will distribute the Fidelity® Emerging Markets Fund shares to its shareholders pro rata, in liquidation of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund. As a result, shareholders of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund will become shareholders of Fidelity® Emerging Markets Fund (these transactions are collectively referred to as the “Reorganization”). A Special Meeting (the “Meeting”) of the Shareholders of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund is expected to be held during the second quarter of 2021 and approval of the Agreement will be voted on at that time. A combined proxy statement and prospectus containing more information with respect to the Reorganization will be provided to shareholders of record of Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund in advance of the meeting. If the Agreement is approved at the Meeting and certain conditions required by the Agreement are satisfied, the Reorganization is expected to take place on or about May 14, 2021. If shareholder approval of the Agreement is delayed due to failure to meet a quorum or otherwise, the Reorganization will become effective, if approved, as soon as practicable thereafter. In connection with seeking shareholder approval of the Agreement, effective after the close of business on December 31, 2020, new positions in Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund (the fund) may no longer be opened. Shareholders of the fund on that date may continue to add to their fund positions existing on that date. Investors who did not own shares of the fund on December 31, 2020 generally will not be allowed to buy shares of the fund except that new fund positions may be opened: 1) by participants in most group employer retirement plans (and their successor plans) if the fund had been established (or was in the process of being established) as an investment option under the plans (or under another plan sponsored by the same employer) by December 31, 2020, 2) by participants in a 401(a) plan covered by a master record keeping services agreement between Fidelity and a national federation of employers that included the fund as a core investment option by December 31, 2020, 3) for accounts managed on a discretionary basis by certain registered investment advisers that have discretionary assets of at least $500 million invested in mutual funds and have included the fund in their discretionary account program since December 31, 2020, 4) by a mutual fund or a qualified tuition program for which FMR or an affiliate serves as investment manager, 5) by a portfolio manager of the fund, and 6) by a fee deferral plan offered to trustees of certain Fidelity funds, if the fund is an investment option under the plan. These restrictions generally will apply to investments made directly with Fidelity and investments made through intermediaries. Investors may be required to demonstrate eligibility to buy shares of the fund before an investment is accepted. The foregoing is not a solicitation of any proxy. For a free copy of the Proxy Statement describing the Reorganization (and containing important information about fees, expenses and risk considerations) and a Prospectus for Fidelity® Emerging Markets Fund, please call 1-800-544-8544 (retail class) or 1-877-208-0098 (Advisor Classes). The prospectus/proxy statement will also be available for free on the Securities and Exchange Commission’s web site (www.sec. gov).