Quarterly Holdings Report
for
Strategic Advisers® Fidelity® U.S. Total Stock Fund
Offered exclusively to certain clients of Strategic Advisers LLC - not available for sale to the general publicFebruary 29, 2020
TSF-QTLY-0420
1.9887486.101
Schedule of Investments February 29, 2020 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 43.5% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 3.9% | |||
Diversified Telecommunication Services - 0.5% | |||
AT&T, Inc. | 337,301 | $11,879,741 | |
GCI Liberty, Inc. (a) | 250,300 | 17,298,233 | |
Verizon Communications, Inc. | 2,178,287 | 117,976,024 | |
147,153,998 | |||
Entertainment - 0.9% | |||
Activision Blizzard, Inc. | 1,259,100 | 73,191,483 | |
DouYu International Holdings Ltd. ADR | 699,650 | 5,436,281 | |
Electronic Arts, Inc. (a) | 415,500 | 42,119,235 | |
Lions Gate Entertainment Corp. Class B (a) | 918,800 | 6,799,120 | |
Netflix, Inc. (a) | 71,700 | 26,459,451 | |
Nihon Falcom Corp. | 5,000 | 47,654 | |
Spotify Technology SA (a) | 19,600 | 2,687,552 | |
Take-Two Interactive Software, Inc. (a) | 51,298 | 5,513,509 | |
The Walt Disney Co. | 424,063 | 49,891,012 | |
Vivendi SA | 848,600 | 21,681,108 | |
World Wrestling Entertainment, Inc. Class A (b) | 290,900 | 13,605,393 | |
247,431,798 | |||
Interactive Media & Services - 1.2% | |||
Alphabet, Inc.: | |||
Class A (a) | 115,800 | 155,085,150 | |
Class C (a) | 46,800 | 62,680,644 | |
Eventbrite, Inc. (a) | 10,900 | 159,249 | |
Facebook, Inc. Class A (a) | 550,400 | 105,935,488 | |
Wise Talent Information Technology Co. Ltd. (a)(b) | 909,874 | 2,241,126 | |
Yahoo! Japan Corp. | 4,350,000 | 15,849,713 | |
YY, Inc. ADR (a) | 8,900 | 480,333 | |
342,431,703 | |||
Media - 1.2% | |||
AMC Networks, Inc. Class A (a) | 9,100 | 282,100 | |
Cable One, Inc. | 7,000 | 11,011,140 | |
Comcast Corp. Class A | 5,694,010 | 230,208,824 | |
Corus Entertainment, Inc. Class B (non-vtg.) | 95,400 | 299,224 | |
Discovery Communications, Inc. Class A (a)(b) | 550,000 | 14,135,000 | |
F@N Communications, Inc. | 26,900 | 109,984 | |
Fox Corp. Class A | 351,133 | 10,793,828 | |
Hyundai HCN | 461,413 | 1,241,081 | |
Interpublic Group of Companies, Inc. | 1,349,100 | 28,816,776 | |
Liberty Broadband Corp. Class C (a) | 153,800 | 19,361,882 | |
Liberty Global PLC Class C (a) | 514,700 | 9,568,273 | |
Liberty Media Corp. Liberty Formula One Group Series C (a) | 152,300 | 5,948,838 | |
Nexstar Broadcasting Group, Inc. Class A | 125,200 | 14,395,496 | |
Nippon Television Network Corp. | 59,800 | 722,967 | |
Pico Far East Holdings Ltd. | 1,000,000 | 251,443 | |
ViacomCBS, Inc.: | |||
Class A | 99,096 | 2,972,880 | |
Class B | 241,725 | 5,948,852 | |
WOWOW INC. | 73,700 | 1,654,253 | |
357,722,841 | |||
Wireless Telecommunication Services - 0.1% | |||
Okinawa Cellular Telephone Co. | 28,300 | 1,021,959 | |
T-Mobile U.S., Inc. (a) | 343,400 | 30,960,944 | |
31,982,903 | |||
TOTAL COMMUNICATION SERVICES | 1,126,723,243 | ||
CONSUMER DISCRETIONARY - 3.7% | |||
Auto Components - 0.3% | |||
Adient PLC (a) | 100,000 | 2,393,000 | |
Aptiv PLC | 143,800 | 11,232,218 | |
BorgWarner, Inc. | 529,500 | 16,732,200 | |
Cooper Tire & Rubber Co. | 175,000 | 4,460,750 | |
Cooper-Standard Holding, Inc. (a) | 5,000 | 86,400 | |
DaikyoNishikawa Corp. | 27,200 | 152,820 | |
DTR Automotive Corp. | 11,829 | 273,350 | |
Eagle Industry Co. Ltd. | 67,200 | 510,261 | |
G-Tekt Corp. | 455,000 | 5,496,616 | |
Gentex Corp. | 47,200 | 1,260,240 | |
Hi-Lex Corp. | 85,000 | 1,287,688 | |
Hyundai Mobis | 86,687 | 15,159,361 | |
IJT Technology Holdings Co. Ltd. | 276,000 | 1,325,496 | |
Lear Corp. | 208,100 | 23,140,720 | |
Linamar Corp. | 10,000 | 275,061 | |
Strattec Security Corp. | 11,700 | 244,647 | |
TPR Co. Ltd. | 173,000 | 2,413,916 | |
86,444,744 | |||
Automobiles - 0.1% | |||
Audi AG | 4,727 | 4,258,504 | |
Fiat Chrysler Automobiles NV (b) | 50,100 | 623,244 | |
Fiat Chrysler Automobiles NV (Italy) | 101,500 | 1,278,964 | |
General Motors Co. | 718,400 | 21,911,200 | |
Renault SA | 28,800 | 856,062 | |
28,927,974 | |||
Distributors - 0.0% | |||
Arata Corp. | 5,000 | 191,452 | |
Harima-Kyowa Co. Ltd. (b) | 24,100 | 330,911 | |
Yagi & Co. Ltd. | 50,800 | 745,092 | |
1,267,455 | |||
Diversified Consumer Services - 0.2% | |||
Afya Ltd. | 208,069 | 4,947,881 | |
Heian Ceremony Service Co. Ltd. | 128,400 | 1,010,677 | |
MegaStudy Co. Ltd. | 79,794 | 767,467 | |
Multicampus Co. Ltd. | 28,028 | 840,238 | |
Service Corp. International | 623,809 | 29,811,832 | |
ServiceMaster Global Holdings, Inc. (a) | 452,200 | 16,175,194 | |
53,553,289 | |||
Hotels, Restaurants & Leisure - 0.3% | |||
Eldorado Resorts, Inc. (a)(b) | 185,561 | 9,311,451 | |
McDonald's Corp. | 292,800 | 56,852,976 | |
Royal Caribbean Cruises Ltd. | 202,900 | 16,315,189 | |
The Restaurant Group PLC | 1,000,000 | 1,384,296 | |
Wendy's Co. | 457,350 | 8,634,768 | |
92,498,680 | |||
Household Durables - 0.2% | |||
Cuckoo Holdings Co. Ltd. | 19,647 | 1,583,723 | |
FJ Next Co. Ltd. | 309,600 | 2,672,331 | |
Gree Electric Appliances, Inc. of Zhuhai (A Shares) | 398,613 | 3,375,008 | |
Iida Group Holdings Co. Ltd. | 58,300 | 788,612 | |
Lennar Corp. Class A | 244,400 | 14,747,096 | |
Mohawk Industries, Inc. (a) | 56,800 | 6,881,320 | |
Toll Brothers, Inc. | 482,885 | 17,881,232 | |
Whirlpool Corp. | 20,000 | 2,557,200 | |
50,486,522 | |||
Internet & Direct Marketing Retail - 0.9% | |||
Amazon.com, Inc. (a) | 70,600 | 132,992,750 | |
eBay, Inc. | 482,400 | 16,710,336 | |
Etsy, Inc. (a) | 283,400 | 16,383,354 | |
Expedia, Inc. | 122,200 | 12,051,364 | |
GrubHub, Inc. (a) | 55,090 | 2,650,380 | |
Hyundai Home Shopping Network Corp. | 4,861 | 300,357 | |
Mercari, Inc. (a)(b) | 10,000 | 226,497 | |
NS Shopping Co. Ltd. | 21,105 | 129,176 | |
The Booking Holdings, Inc. (a) | 40,070 | 67,945,096 | |
249,389,310 | |||
Leisure Products - 0.1% | |||
Brunswick Corp. | 461,392 | 24,546,054 | |
Hasbro, Inc. | 202,600 | 15,650,850 | |
40,196,904 | |||
Multiline Retail - 0.2% | |||
Big Lots, Inc. | 1,000 | 15,810 | |
Dollar General Corp. | 248,800 | 37,394,640 | |
Dollar Tree, Inc. (a) | 247,300 | 20,533,319 | |
Macy's, Inc. | 40,000 | 529,200 | |
Ryohin Keikaku Co. Ltd. | 1,000 | 13,703 | |
58,486,672 | |||
Specialty Retail - 1.0% | |||
Arc Land Sakamoto Co. Ltd. | 30,000 | 304,283 | |
AT-Group Co. Ltd. | 128,800 | 1,858,083 | |
AutoNation, Inc. (a) | 100,000 | 4,273,000 | |
Bed Bath & Beyond, Inc. (b) | 306,300 | 3,311,103 | |
Best Buy Co., Inc. | 218,400 | 16,521,960 | |
Burlington Stores, Inc. (a) | 152,645 | 33,011,008 | |
Dunelm Group PLC | 231,500 | 3,304,832 | |
Five Below, Inc. (a) | 142,400 | 13,805,680 | |
Foot Locker, Inc. | 25,000 | 906,250 | |
Gap, Inc. | 5,000 | 71,650 | |
GNC Holdings, Inc. Class A (a)(b) | 680,400 | 1,143,072 | |
Hibbett Sports, Inc. (a)(b) | 70,200 | 1,370,304 | |
Hour Glass Ltd. | 1,125,400 | 585,767 | |
JB Hi-Fi Ltd. (b) | 63,375 | 1,518,899 | |
John David Group PLC | 877,200 | 8,391,464 | |
Ku Holdings Co. Ltd. | 47,500 | 333,372 | |
Lookers PLC | 828,728 | 479,354 | |
Lowe's Companies, Inc. | 509,480 | 54,295,284 | |
Mandarake, Inc. (b) | 15,700 | 74,963 | |
Sally Beauty Holdings, Inc. (a) | 1,075,000 | 13,373,000 | |
Samse SA | 2,200 | 357,582 | |
The Home Depot, Inc. | 269,100 | 58,620,744 | |
TJX Companies, Inc. | 628,782 | 37,601,164 | |
Tokatsu Holdings Co. Ltd. | 18,700 | 70,216 | |
Ulta Beauty, Inc. (a) | 74,800 | 19,230,332 | |
Urban Outfitters, Inc. (a) | 100,000 | 2,351,000 | |
Williams-Sonoma, Inc. | 130,000 | 8,110,700 | |
285,275,066 | |||
Textiles, Apparel & Luxury Goods - 0.4% | |||
Capri Holdings Ltd. (a) | 59,500 | 1,536,290 | |
Columbia Sportswear Co. | 368,800 | 29,983,440 | |
Embry Holdings Ltd. | 280,000 | 47,056 | |
Ff Group (a)(c) | 2,700 | 3,577 | |
Fossil Group, Inc. (a) | 20,800 | 95,472 | |
G-III Apparel Group Ltd. (a) | 5,000 | 111,800 | |
Levi Strauss & Co. Class A (b) | 1,093,400 | 18,576,866 | |
NIKE, Inc. Class B | 343,700 | 30,719,906 | |
PVH Corp. | 290,900 | 21,558,599 | |
Sitoy Group Holdings Ltd. | 2,613,000 | 234,650 | |
Tapestry, Inc. | 635,300 | 14,897,785 | |
Ted Baker PLC (b) | 59,126 | 221,241 | |
Wolverine World Wide, Inc. | 1,000 | 26,290 | |
118,012,972 | |||
TOTAL CONSUMER DISCRETIONARY | 1,064,539,588 | ||
CONSUMER STAPLES - 3.2% | |||
Beverages - 0.5% | |||
Boston Beer Co., Inc. Class A (a) | 20,400 | 7,564,116 | |
Britvic PLC | 499,246 | 5,528,545 | |
C&C Group PLC (United Kingdom) | 4,105,600 | 17,352,233 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 140,800 | 24,271,104 | |
Diageo PLC sponsored ADR | 10,600 | 1,504,246 | |
Monster Beverage Corp. (a) | 342,700 | 21,387,907 | |
PepsiCo, Inc. | 186,000 | 24,557,580 | |
The Coca-Cola Co. | 612,060 | 32,739,089 | |
Yantai Changyu Pioneer Wine Co. Ltd. (B Shares) | 690,621 | 1,234,169 | |
136,138,989 | |||
Food & Staples Retailing - 0.8% | |||
Amsterdam Commodities NV | 34,400 | 745,979 | |
Halows Co. Ltd. | 21,800 | 500,636 | |
Kroger Co. | 733,200 | 20,624,916 | |
Nihon Chouzai Co. Ltd. | 6,700 | 222,070 | |
OM2 Network Co. Ltd. | 60,000 | 601,891 | |
Qol Holdings Co. Ltd. | 50,800 | 584,958 | |
Retail Partners Co. Ltd. | 130,700 | 838,535 | |
Sapporo Clinical Laboratory | 8,200 | 138,365 | |
Satoh & Co. Ltd. (b) | 12,300 | 175,388 | |
Sysco Corp. | 436,900 | 29,119,385 | |
U.S. Foods Holding Corp. (a) | 967,800 | 32,556,792 | |
Walgreens Boots Alliance, Inc. | 424,800 | 19,438,848 | |
Walmart, Inc. | 1,240,400 | 133,566,272 | |
239,114,035 | |||
Food Products - 0.6% | |||
Axyz Co. Ltd. | 10,000 | 213,796 | |
Changshouhua Food Co. Ltd. | 2,144,000 | 728,877 | |
Conagra Brands, Inc. | 787,300 | 21,013,037 | |
Danone SA | 331,300 | 23,382,662 | |
Ingredion, Inc. | 25,000 | 2,082,500 | |
JC Comsa Corp. | 26,800 | 101,873 | |
Kaneko Seeds Co. Ltd. | 75,300 | 802,148 | |
Lotte Samkang Co. Ltd. | 1,057 | 291,787 | |
Mondelez International, Inc. | 644,600 | 34,034,880 | |
Nestle SA sponsored ADR | 171,900 | 17,690,229 | |
Pickles Corp. | 27,500 | 540,515 | |
Post Holdings, Inc. (a) | 287,477 | 29,109,921 | |
Prima Meat Packers Ltd. | 14,600 | 300,771 | |
S Foods, Inc. | 26,000 | 540,200 | |
Seaboard Corp. | 577 | 1,970,455 | |
Toyo Sugar Refining Co. Ltd. | 39,400 | 415,333 | |
TreeHouse Foods, Inc. (a) | 312,400 | 11,905,564 | |
Tyson Foods, Inc. Class A | 313,300 | 21,251,139 | |
166,375,687 | |||
Household Products - 0.4% | |||
Colgate-Palmolive Co. | 36,000 | 2,432,520 | |
Procter & Gamble Co. (d) | 867,198 | 98,192,830 | |
100,625,350 | |||
Personal Products - 0.1% | |||
Hengan International Group Co. Ltd. | 202,500 | 1,502,838 | |
Herbalife Nutrition Ltd. (a) | 452,882 | 14,655,262 | |
Unilever NV | 73,100 | 3,859,481 | |
Unilever NV (NY Reg.) | 253,800 | 13,390,488 | |
33,408,069 | |||
Tobacco - 0.8% | |||
Altria Group, Inc. | 3,738,140 | 150,908,712 | |
British American Tobacco PLC sponsored ADR | 474,014 | 18,865,757 | |
KT&G Corp. | 20,099 | 1,417,638 | |
Philip Morris International, Inc. | 645,700 | 52,863,459 | |
Scandinavian Tobacco Group A/S (e) | 32,565 | 418,517 | |
224,474,083 | |||
TOTAL CONSUMER STAPLES | 900,136,213 | ||
ENERGY - 2.3% | |||
Energy Equipment & Services - 0.1% | |||
Baker Hughes Co. Class A | 195,800 | 3,150,422 | |
Carbo Ceramics, Inc. (a)(b) | 159,200 | 29,452 | |
CGG SA (a) | 277,900 | 772,646 | |
Geospace Technologies Corp. (a) | 39,300 | 484,569 | |
High Arctic Energy Services, Inc. | 362,600 | 372,798 | |
Liberty Oilfield Services, Inc. Class A | 124,500 | 832,905 | |
National Oilwell Varco, Inc. | 66,500 | 1,244,215 | |
Oceaneering International, Inc. (a) | 228,108 | 2,404,258 | |
RigNet, Inc. (a) | 73,000 | 256,960 | |
SBM Offshore NV | 83,800 | 1,326,501 | |
Schlumberger Ltd. | 129,400 | 3,505,446 | |
Subsea 7 SA | 346,600 | 3,149,426 | |
TechnipFMC PLC | 82,300 | 1,221,332 | |
Tecnicas Reunidas SA (a) | 37,400 | 845,652 | |
TGS Nopec Geophysical Co. ASA | 20,500 | 478,346 | |
Valaris PLC Class A (b) | 319,125 | 1,177,571 | |
21,252,499 | |||
Oil, Gas & Consumable Fuels - 2.2% | |||
Africa Oil Corp. (a)(b) | 623,800 | 576,280 | |
Apache Corp. | 86,000 | 2,143,120 | |
Baytex Energy Corp. (a) | 1,949,600 | 1,801,083 | |
Bonavista Energy Corp. (b) | 877,200 | 215,665 | |
Bonterra Energy Corp. (b) | 218,300 | 390,330 | |
BP PLC sponsored ADR | 776,500 | 24,296,685 | |
Cabot Oil & Gas Corp. | 1,586,100 | 22,094,373 | |
Cairn Energy PLC (a) | 462,800 | 841,365 | |
Canadian Natural Resources Ltd. | 154,200 | 3,969,164 | |
Cenovus Energy, Inc. (Canada) | 2,477,286 | 18,216,288 | |
Cheniere Energy, Inc. (a) | 75,100 | 3,851,879 | |
Chevron Corp. | 762,500 | 71,171,750 | |
China Petroleum & Chemical Corp.: | |||
(H Shares) | 23,000,000 | 11,903,812 | |
sponsored ADR (H Shares) | 9,000 | 463,860 | |
CNOOC Ltd. sponsored ADR | 16,400 | 2,268,612 | |
CNX Resources Corp. (a) | 124,400 | 660,564 | |
Concho Resources, Inc. | 25,400 | 1,727,708 | |
ConocoPhillips Co. | 123,600 | 5,984,712 | |
Delek U.S. Holdings, Inc. | 292,028 | 6,243,559 | |
Enbridge, Inc. | 61,400 | 2,298,202 | |
Enterprise Products Partners LP | 100,000 | 2,334,000 | |
EQT Corp. | 250,000 | 1,467,500 | |
Equinor ASA sponsored ADR (b) | 2,009,291 | 31,244,475 | |
Exxon Mobil Corp. | 3,204,945 | 164,862,371 | |
Galp Energia SGPS SA Class B | 263,800 | 3,638,909 | |
GasLog Partners LP (b) | 233,173 | 883,726 | |
Gibson Energy, Inc. | 51,700 | 986,816 | |
Golar LNG Partners LP | 846,367 | 3,597,060 | |
Hess Corp. | 806,500 | 45,309,170 | |
Hoegh LNG Partners LP (b) | 258,300 | 3,228,750 | |
Husky Energy, Inc. | 990,500 | 4,715,437 | |
Imperial Oil Ltd. | 118,600 | 2,596,874 | |
Lundin Petroleum AB | 55,900 | 1,595,850 | |
Magnolia Oil & Gas Corp. Class A (a)(b) | 1,653,600 | 12,418,536 | |
Marathon Oil Corp. | 103,400 | 856,152 | |
Marathon Petroleum Corp. | 38,000 | 1,801,960 | |
MEG Energy Corp. (a) | 1,039,825 | 4,787,572 | |
Motor Oil (HELLAS) Corinth Refineries SA | 99,400 | 1,641,430 | |
Murphy Oil Corp. | 419,800 | 7,913,230 | |
Noble Energy, Inc. | 35,201 | 557,232 | |
Northern Oil & Gas, Inc. (a) | 3,366,900 | 4,882,005 | |
NuVista Energy Ltd. (a) | 5,000 | 7,376 | |
Oil & Natural Gas Corp. Ltd. | 1,000,000 | 1,267,594 | |
Parex Resources, Inc. (a) | 854,500 | 11,688,300 | |
Parsley Energy, Inc. Class A | 1,002,480 | 13,433,232 | |
Phillips 66 Co. | 110,800 | 8,294,488 | |
Pioneer Natural Resources Co. | 34,500 | 4,235,910 | |
QEP Resources, Inc. | 35,700 | 80,325 | |
Seven Generations Energy Ltd. (a) | 5,000 | 20,562 | |
Shell Midstream Partners LP (b) | 106,813 | 1,827,570 | |
Sinopec Kantons Holdings Ltd. | 4,288,000 | 1,732,803 | |
Southwestern Energy Co. (a)(b) | 3,029,684 | 4,302,151 | |
Star Petroleum Refining PCL | 2,244,600 | 562,039 | |
Suncor Energy, Inc. | 818,200 | 22,582,320 | |
Teekay LNG Partners LP | 705,800 | 8,871,906 | |
Thai Oil PCL (For. Reg.) | 396,400 | 543,401 | |
Total SA sponsored ADR | 1,232,200 | 53,157,108 | |
Valero Energy Corp. | 111,100 | 7,360,375 | |
Whiting Petroleum Corp. (a)(b) | 23,300 | 43,105 | |
World Fuel Services Corp. | 42,900 | 1,213,212 | |
623,661,843 | |||
TOTAL ENERGY | 644,914,342 | ||
FINANCIALS - 7.1% | |||
Banks - 3.3% | |||
Bank of America Corp. | 5,459,209 | 155,587,457 | |
BankUnited, Inc. | 556,881 | 16,539,366 | |
Boston Private Financial Holdings, Inc. | 905,919 | 8,837,240 | |
Citigroup, Inc. | 816,170 | 51,794,148 | |
Credit Agricole Atlantique Vendee | 6,600 | 1,276,662 | |
East West Bancorp, Inc. | 5,000 | 193,700 | |
EFG Eurobank Ergasias SA (a) | 4,888,400 | 3,114,821 | |
First Citizens Bancshares, Inc. | 15,893 | 7,204,456 | |
First Foundation, Inc. | 650,873 | 9,421,387 | |
First Horizon National Corp. | 1,170,470 | 15,602,365 | |
FNB Corp., Pennsylvania | 2,145,655 | 21,649,659 | |
Gunma Bank Ltd. | 396,600 | 1,198,698 | |
Hiroshima Bank Ltd. | 65,700 | 286,288 | |
Huntington Bancshares, Inc. | 1,908,000 | 23,411,160 | |
IBERIABANK Corp. | 198,700 | 11,959,753 | |
JPMorgan Chase & Co. | 496,471 | 57,645,248 | |
KeyCorp | 674,195 | 11,023,088 | |
M&T Bank Corp. | 264,500 | 37,130,510 | |
NIBC Holding NV (e) | 590,026 | 6,264,477 | |
Northrim Bancorp, Inc. | 5,000 | 174,750 | |
Ogaki Kyoritsu Bank Ltd. | 43,500 | 816,684 | |
PNC Financial Services Group, Inc. | 680,511 | 86,016,590 | |
Shinsei Bank Ltd. | 69,900 | 931,266 | |
Signature Bank | 61,800 | 7,731,180 | |
Skandiabanken ASA (e) | 98,800 | 675,433 | |
Societe Generale Series A | 158,600 | 4,494,192 | |
Sumitomo Mitsui Financial Group, Inc. | 500,000 | 15,864,906 | |
Synovus Financial Corp. | 98,900 | 2,870,078 | |
TCF Financial Corp. | 602,400 | 21,951,456 | |
The Keiyo Bank Ltd. | 125,700 | 593,188 | |
The San-In Godo Bank Ltd. | 120,400 | 609,479 | |
Truist Financial Corp. | 1,051,145 | 48,499,830 | |
U.S. Bancorp | 1,723,127 | 80,022,018 | |
Unicaja Banco SA (e) | 1,549,300 | 1,434,395 | |
United Community Bank, Inc. | 617,299 | 15,290,496 | |
Van Lanschot NV (Bearer) | 5,800 | 118,997 | |
Wells Fargo & Co. | 5,146,513 | 210,235,056 | |
Yamaguchi Financial Group, Inc. | 108,200 | 576,813 | |
939,047,290 | |||
Capital Markets - 0.8% | |||
Affiliated Managers Group, Inc. | 176,200 | 13,253,764 | |
Apollo Global Management LLC Class A | 61,700 | 2,570,422 | |
Ares Capital Corp. | 34,629 | 595,273 | |
Bank of New York Mellon Corp. | 154,100 | 6,148,590 | |
BlackRock, Inc. Class A | 34,000 | 15,742,340 | |
Cboe Global Markets, Inc. | 165,500 | 18,867,000 | |
Charles Schwab Corp. | 167,065 | 6,807,899 | |
Cowen Group, Inc. Class A | 315,800 | 4,727,526 | |
E*TRADE Financial Corp. | 120,700 | 5,525,646 | |
Goldman Sachs Group, Inc. | 134,200 | 26,943,334 | |
Intercontinental Exchange, Inc. | 176,300 | 15,729,486 | |
Invesco Ltd. | 756,100 | 10,887,840 | |
Lazard Ltd. Class A | 202,608 | 7,257,419 | |
Morgan Stanley | 546,730 | 24,619,252 | |
Morningstar, Inc. | 71,000 | 10,429,900 | |
State Street Corp. | 885,546 | 60,314,538 | |
Virtu Financial, Inc. Class A | 421,600 | 7,930,296 | |
238,350,525 | |||
Consumer Finance - 0.8% | |||
360 Finance, Inc. ADR (a)(b) | 301,530 | 2,520,791 | |
Aeon Credit Service (Asia) Co. Ltd. | 3,340,000 | 2,566,594 | |
Ally Financial, Inc. | 217,800 | 5,460,246 | |
American Express Co. | 153,000 | 16,819,290 | |
Capital One Financial Corp. | 918,300 | 81,049,158 | |
Discover Financial Services | 636,000 | 41,708,880 | |
First Cash Financial Services, Inc. | 284,410 | 21,876,817 | |
Navient Corp. | 78,400 | 880,432 | |
OneMain Holdings, Inc. | 602,859 | 22,155,068 | |
Qudian, Inc. ADR (a)(b) | 162,484 | 425,708 | |
Santander Consumer U.S.A. Holdings, Inc. (b) | 157,000 | 3,830,800 | |
Shriram Transport Finance Co. Ltd. | 189,400 | 3,123,550 | |
SLM Corp. | 1,102,400 | 11,431,888 | |
Synchrony Financial | 665,468 | 19,365,119 | |
233,214,341 | |||
Diversified Financial Services - 0.6% | |||
AXA Equitable Holdings, Inc. | 650,000 | 13,910,000 | |
Berkshire Hathaway, Inc.: | |||
Class A (a) | 2 | 618,192 | |
Class B (a) | 652,800 | 134,698,752 | |
Fuyo General Lease Co. Ltd. | 78,100 | 4,409,688 | |
Ricoh Leasing Co. Ltd. | 96,500 | 3,323,730 | |
Voya Financial, Inc. | 460,510 | 24,241,246 | |
181,201,608 | |||
Insurance - 1.3% | |||
AFLAC, Inc. | 244,200 | 10,463,970 | |
Allstate Corp. | 182,200 | 19,176,550 | |
American International Group, Inc. | 366,071 | 15,433,553 | |
ASR Nederland NV | 78,300 | 2,634,967 | |
Assurant, Inc. | 192,830 | 23,253,370 | |
Axis Capital Holdings Ltd. | 377,400 | 21,179,688 | |
Brown & Brown, Inc. | 606,082 | 26,067,587 | |
Chubb Ltd. | 274,800 | 39,854,244 | |
Db Insurance Co. Ltd. | 139,982 | 5,047,400 | |
Fairfax Financial Holdings Ltd. (sub. vtg.) | 10,000 | 4,307,767 | |
FNF Group | 385,100 | 14,926,476 | |
Genworth Financial, Inc. Class A | 289,400 | 1,128,660 | |
Hartford Financial Services Group, Inc. | 170,700 | 8,526,465 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 180,042 | 3,388,363 | |
Lincoln National Corp. | 33,100 | 1,502,409 | |
Marsh & McLennan Companies, Inc. | 287,200 | 30,029,632 | |
MetLife, Inc. | 1,230,374 | 52,561,577 | |
NN Group NV | 134,103 | 4,583,398 | |
Prudential Financial, Inc. | 56,800 | 4,285,560 | |
Reinsurance Group of America, Inc. | 53,180 | 6,489,555 | |
Sul America SA unit | 10,000 | 120,888 | |
The Travelers Companies, Inc. | 517,900 | 62,049,599 | |
Willis Group Holdings PLC | 88,500 | 16,748,625 | |
373,760,303 | |||
Mortgage Real Estate Investment Trusts - 0.2% | |||
AGNC Investment Corp. | 438,600 | 7,473,744 | |
MFA Financial, Inc. | 1,735,700 | 12,549,111 | |
Redwood Trust, Inc. | 1,166,800 | 19,928,944 | |
39,951,799 | |||
Thrifts & Mortgage Finance - 0.1% | |||
ASAX Co. Ltd. | 159,600 | 944,046 | |
Essent Group Ltd. | 576,630 | 25,164,133 | |
Genworth Mortgage Insurance Ltd. | 232,786 | 488,308 | |
MGIC Investment Corp. | 806,200 | 9,698,586 | |
36,295,073 | |||
TOTAL FINANCIALS | 2,041,820,939 | ||
HEALTH CARE - 7.2% | |||
Biotechnology - 1.5% | |||
AbbVie, Inc. | 452,300 | 38,766,633 | |
Acceleron Pharma, Inc. (a) | 80,000 | 6,874,400 | |
Alexion Pharmaceuticals, Inc. (a) | 217,700 | 20,470,331 | |
Alnylam Pharmaceuticals, Inc. (a) | 55,000 | 6,471,300 | |
Amgen, Inc. | 423,600 | 84,605,628 | |
Arcutis Biotherapeutics, Inc. (a) | 100,000 | 2,657,500 | |
Argenx SE ADR (a) | 55,500 | 7,846,590 | |
Ascendis Pharma A/S sponsored ADR (a) | 70,000 | 9,126,600 | |
Aurinia Pharmaceuticals, Inc. (a) | 759,200 | 13,286,000 | |
BeiGene Ltd. ADR (a)(b) | 20,000 | 3,167,000 | |
BELLUS Health, Inc. (a) | 260,000 | 2,280,200 | |
Biogen, Inc. (a) | 50,000 | 15,419,500 | |
bluebird bio, Inc. (a) | 9,862 | 713,318 | |
Blueprint Medicines Corp. (a) | 383,598 | 20,764,160 | |
Cell Biotech Co. Ltd. | 46,872 | 581,577 | |
FibroGen, Inc. (a) | 100,000 | 4,180,000 | |
Gilead Sciences, Inc. | 168,700 | 11,701,032 | |
Global Blood Therapeutics, Inc. (a) | 351,130 | 22,458,275 | |
Innovent Biolgics, Inc. (a)(e) | 700,000 | 3,196,921 | |
Intercept Pharmaceuticals, Inc. (a)(b) | 89,700 | 8,247,018 | |
Neurocrine Biosciences, Inc. (a) | 256,968 | 24,334,870 | |
Passage Bio, Inc. (a) | 84,700 | 1,524,600 | |
Principia Biopharma, Inc. (a) | 80,000 | 5,164,800 | |
Regeneron Pharmaceuticals, Inc. (a) | 22,800 | 10,136,196 | |
Revolution Medicines, Inc. | 70,000 | 2,188,900 | |
Sarepta Therapeutics, Inc. (a) | 263,892 | 30,207,717 | |
Seattle Genetics, Inc. (a) | 143,500 | 16,338,910 | |
Turning Point Therapeutics, Inc. | 54,000 | 2,676,780 | |
Twist Bioscience Corp. (a) | 70,000 | 2,143,400 | |
United Therapeutics Corp. (a) | 51,200 | 5,271,552 | |
Vertex Pharmaceuticals, Inc. (a) | 120,000 | 26,883,600 | |
Xencor, Inc. (a) | 90,000 | 2,924,100 | |
Zymeworks, Inc. (a) | 110,000 | 4,502,300 | |
417,111,708 | |||
Health Care Equipment & Supplies - 1.0% | |||
A&T Corp. | 21,000 | 265,956 | |
Atricure, Inc. (a) | 88,000 | 3,380,960 | |
Becton, Dickinson & Co. | 137,900 | 32,795,378 | |
Boston Scientific Corp. (a) | 1,697,921 | 63,485,266 | |
Danaher Corp. | 69,000 | 9,976,020 | |
Dentsply Sirona, Inc. | 420,000 | 20,680,800 | |
Fukuda Denshi Co. Ltd. | 59,550 | 3,726,706 | |
Genmark Diagnostics, Inc. (a) | 458,522 | 1,600,242 | |
Glaukos Corp. (a)(b) | 289,200 | 12,719,016 | |
Hologic, Inc. (a) | 524,600 | 24,719,152 | |
Insulet Corp. (a) | 82,000 | 15,577,540 | |
Intuitive Surgical, Inc. (a) | 45,000 | 24,028,200 | |
Masimo Corp. (a) | 54,000 | 8,819,820 | |
Medtronic PLC | 90,100 | 9,070,367 | |
Meridian Bioscience, Inc. | 1,000 | 7,990 | |
Nanosonics Ltd. (a) | 600,000 | 2,618,829 | |
Penumbra, Inc. (a) | 70,000 | 11,610,200 | |
STERIS PLC | 179,649 | 28,495,924 | |
Stryker Corp. | 80,000 | 15,247,200 | |
ViewRay, Inc. (a)(b) | 2,099,416 | 6,025,324 | |
294,850,890 | |||
Health Care Providers & Services - 2.3% | |||
1Life Healthcare, Inc. (a)(b) | 140,000 | 3,026,800 | |
Anthem, Inc. | 303,478 | 78,021,159 | |
Centene Corp. (a) | 1,317,700 | 69,864,454 | |
Cigna Corp. | 703,877 | 128,767,258 | |
CVS Health Corp. | 1,361,712 | 80,586,116 | |
HCA Holdings, Inc. | 120,000 | 15,241,200 | |
HealthEquity, Inc. (a) | 69,000 | 4,898,310 | |
Humana, Inc. | 126,700 | 40,503,456 | |
Laboratory Corp. of America Holdings (a) | 55,000 | 9,662,950 | |
McKesson Corp. | 195,490 | 27,341,231 | |
MEDNAX, Inc. (a) | 70,000 | 1,196,300 | |
Molina Healthcare, Inc. (a) | 48,000 | 5,882,400 | |
Patterson Companies, Inc. | 49,100 | 1,168,089 | |
Quest Diagnostics, Inc. | 3,700 | 392,422 | |
R1 RCM, Inc. (a) | 902,700 | 11,085,156 | |
RadNet, Inc. (a) | 819,500 | 16,742,385 | |
Tokai Corp. | 107,400 | 2,318,072 | |
UnitedHealth Group, Inc. | 665,600 | 169,701,376 | |
Universal Health Services, Inc. Class B | 40,000 | 4,949,600 | |
671,348,734 | |||
Life Sciences Tools & Services - 0.2% | |||
10X Genomics, Inc. (a)(b) | 28,000 | 2,231,600 | |
Accelerate Diagnostics, Inc. (a)(b) | 673,100 | 8,622,411 | |
Bio-Rad Laboratories, Inc. Class A (a) | 58,816 | 20,704,408 | |
Bruker Corp. | 622,900 | 27,133,524 | |
ICON PLC (a) | 4,400 | 686,664 | |
Lonza Group AG | 16,000 | 6,384,604 | |
65,763,211 | |||
Pharmaceuticals - 2.2% | |||
Allergan PLC | 233,700 | 44,559,579 | |
AstraZeneca PLC (United Kingdom) | 390,000 | 34,228,324 | |
Bayer AG | 563,682 | 40,994,366 | |
Bristol-Myers Squibb Co. | 2,524,100 | 149,073,346 | |
Bristol-Myers Squibb Co. rights (a) | 727,000 | 2,435,450 | |
Dawnrays Pharmaceutical Holdings Ltd. | 6,848,000 | 1,159,636 | |
Dechra Pharmaceuticals PLC | 100,000 | 3,433,742 | |
Eli Lilly & Co. | 270,000 | 34,055,100 | |
Genomma Lab Internacional SA de CV (a) | 1,700,000 | 1,720,469 | |
GlaxoSmithKline PLC sponsored ADR | 1,060,258 | 42,972,257 | |
Johnson & Johnson | 714,585 | 96,097,391 | |
Korea United Pharm, Inc. | 37,112 | 488,291 | |
Mylan NV (a) | 25,000 | 429,750 | |
MyoKardia, Inc. (a) | 56,000 | 3,549,840 | |
Nektar Therapeutics (a) | 160,000 | 3,329,600 | |
Nippon Chemiphar Co. Ltd. | 10,400 | 222,058 | |
Reata Pharmaceuticals, Inc. (a) | 86,100 | 16,767,975 | |
Recordati SpA | 70,000 | 2,993,730 | |
Roche Holding AG (participation certificate) | 266,866 | 85,806,429 | |
Sanofi SA | 200,000 | 18,653,164 | |
Sanofi SA sponsored ADR | 738,200 | 34,141,750 | |
Taro Pharmaceutical Industries Ltd.(a)(b) | 9,500 | 639,635 | |
Theravance Biopharma, Inc. (a) | 146,934 | 3,577,843 | |
621,329,725 | |||
TOTAL HEALTH CARE | 2,070,404,268 | ||
INDUSTRIALS - 4.9% | |||
Aerospace & Defense - 1.0% | |||
General Dynamics Corp. | 242,323 | 38,696,560 | |
HEICO Corp. Class A | 331,546 | 29,285,458 | |
Huntington Ingalls Industries, Inc. | 134,800 | 27,705,444 | |
Lockheed Martin Corp. | 167,600 | 61,990,212 | |
Teledyne Technologies, Inc. (a) | 51,900 | 17,506,908 | |
The Boeing Co. | 157,700 | 43,384,847 | |
United Technologies Corp. | 592,469 | 77,370,527 | |
Vectrus, Inc. (a) | 5,000 | 260,450 | |
296,200,406 | |||
Air Freight & Logistics - 0.3% | |||
Expeditors International of Washington, Inc. | 189,300 | 13,330,506 | |
FedEx Corp. | 99,330 | 14,022,416 | |
Onelogix Group Ltd. | 488,862 | 76,882 | |
United Parcel Service, Inc. Class B (d) | 466,206 | 42,186,981 | |
69,616,785 | |||
Airlines - 0.1% | |||
Alaska Air Group, Inc. | 608,900 | 30,725,094 | |
Delta Air Lines, Inc. | 88,000 | 4,059,440 | |
Hawaiian Holdings, Inc. | 2,000 | 41,760 | |
34,826,294 | |||
Building Products - 0.3% | |||
Apogee Enterprises, Inc. | 5,000 | 150,950 | |
Fortune Brands Home & Security, Inc. | 913,429 | 56,404,241 | |
KVK Corp. | 5,500 | 69,094 | |
Nihon Dengi Co. Ltd. | 88,000 | 2,716,855 | |
Owens Corning | 260,600 | 14,721,294 | |
74,062,434 | |||
Commercial Services & Supplies - 0.0% | |||
Nippon Kanzai Co. Ltd. | 26,600 | 439,716 | |
VSE Corp. | 1,000 | 29,450 | |
469,166 | |||
Construction & Engineering - 0.0% | |||
Arcadis NV | 50,193 | 1,139,807 | |
Boustead Projs. Pte Ltd. | 1,846,700 | 1,193,216 | |
Joban Kaihatsu Co. Ltd. | 1,400 | 71,648 | |
Kawasaki Setsubi Kogyo Co. Ltd. | 23,200 | 93,566 | |
Meisei Industrial Co. Ltd. | 360,100 | 2,383,751 | |
Raiznext Corp. | 381,700 | 4,306,776 | |
Seikitokyu Kogyo Co. Ltd. | 64,600 | 485,129 | |
Watanabe Sato Co. Ltd. | 4,100 | 75,074 | |
9,748,967 | |||
Electrical Equipment - 0.5% | |||
Acuity Brands, Inc. | 139,300 | 14,328,398 | |
Aichi Electric Co. Ltd. (b) | 58,100 | 1,459,772 | |
AMETEK, Inc. | 482,200 | 41,469,200 | |
Eaton Corp. PLC | 14,200 | 1,288,224 | |
Emerson Electric Co. | 694,100 | 44,498,751 | |
Gerard Perrier Industrie SA | 5,000 | 347,707 | |
Iwabuchi Corp. | 1,600 | 94,196 | |
Regal Beloit Corp. | 31,300 | 2,430,132 | |
Sunrun, Inc. (a) | 176,500 | 3,413,510 | |
Terasaki Electric Co. Ltd. | 33,600 | 310,580 | |
Vertiv Holdings LLC (f) | 600,000 | 7,074,000 | |
Vestas Wind Systems A/S | 168,100 | 16,218,346 | |
Vivint Solar, Inc. (a)(b) | 1,961,563 | 22,047,968 | |
154,980,784 | |||
Industrial Conglomerates - 0.8% | |||
3M Co. | 40,700 | 6,074,068 | |
Carlisle Companies, Inc. | 200,220 | 29,089,964 | |
General Electric Co. | 17,304,908 | 188,277,399 | |
Mytilineos SA | 202,900 | 1,544,396 | |
Reunert Ltd. | 56,900 | 206,876 | |
225,192,703 | |||
Machinery - 0.8% | |||
Conrad Industries, Inc. (a) | 5,400 | 59,940 | |
Crane Co. | 1,000 | 67,950 | |
Cummins, Inc. | 5,900 | 892,611 | |
Flowserve Corp. | 513,727 | 20,646,688 | |
Fortive Corp. | 697,100 | 48,211,436 | |
Fukushima Industries Corp. | 4,100 | 131,902 | |
Gardner Denver Holdings, Inc. | 641,800 | 21,044,622 | |
Haitian International Holdings Ltd. | 1,150,000 | 2,254,266 | |
Hy-Lok Corp. | 14,316 | 169,285 | |
IDEX Corp. | 205,427 | 30,403,196 | |
Koike Sanso Kogyo Co. Ltd. | 2,200 | 43,853 | |
Nakanishi Manufacturing Co. Ltd. | 20,000 | 173,002 | |
Nansin Co. Ltd. | 32,900 | 157,088 | |
Oshkosh Corp. | 196,400 | 14,170,260 | |
Sakura Rubber Co. Ltd. | 17,500 | 902,095 | |
The Hanshin Diesel Works Ltd. | 4,500 | 84,234 | |
Trane Technologies PLC | 647,500 | 83,553,400 | |
Westinghouse Air Brake Co. | 27,662 | 1,900,379 | |
Yamada Corp. | 19,700 | 472,683 | |
225,338,890 | |||
Marine - 0.0% | |||
Japan Transcity Corp. | 237,400 | 946,431 | |
Professional Services - 0.1% | |||
ABIST Co. Ltd. | 24,400 | 484,561 | |
Bertrandt AG | 15,400 | 722,330 | |
Career Design Center Co. Ltd. | 22,100 | 204,076 | |
McMillan Shakespeare Ltd. | 46,017 | 324,659 | |
RELX PLC (London Stock Exchange) | 657,214 | 15,901,184 | |
SHL-JAPAN Ltd. | 29,000 | 514,343 | |
18,151,153 | |||
Road & Rail - 0.7% | |||
Autohellas SA | 51,600 | 375,339 | |
CSX Corp. | 623,900 | 43,953,755 | |
Daqin Railway Co. Ltd. (A Shares) | 2,500,041 | 2,531,524 | |
Landstar System, Inc. | 221,520 | 22,366,874 | |
Lyft, Inc. (b) | 506,800 | 19,319,216 | |
Meitetsu Transport Co. Ltd. | 5,000 | 105,693 | |
NANSO Transport Co. Ltd. | 43,900 | 451,780 | |
Nikkon Holdings Co. Ltd. | 40,300 | 779,771 | |
Old Dominion Freight Lines, Inc. | 155,973 | 30,227,567 | |
Schneider National, Inc. Class B | 641,200 | 11,483,892 | |
STEF-TFE Group | 3,667 | 301,661 | |
Tohbu Network Co. Ltd. | 42,500 | 372,752 | |
Uber Technologies, Inc. | 953,635 | 32,299,617 | |
Union Pacific Corp. | 128,343 | 20,510,495 | |
Utoc Corp. | 121,800 | 540,907 | |
185,620,843 | |||
Trading Companies & Distributors - 0.3% | |||
AerCap Holdings NV (a) | 75,000 | 3,906,000 | |
Canox Corp. | 69,421 | 585,695 | |
Daiichi Jitsugyo Co. Ltd. | 5,900 | 182,426 | |
Green Cross Co. Ltd. | 81,100 | 567,685 | |
HD Supply Holdings, Inc. (a) | 826,480 | 31,422,770 | |
Howden Joinery Group PLC | 26,900 | 222,481 | |
Itochu Corp. | 1,620,000 | 36,970,425 | |
Kamei Corp. | 194,100 | 1,776,161 | |
Mitani Shoji Co. Ltd. | 47,900 | 2,589,069 | |
Mitsubishi Corp. | 201,900 | 5,035,333 | |
MRC Global, Inc. (a) | 639,610 | 5,564,607 | |
MSC Industrial Direct Co., Inc. Class A | 5,000 | 309,100 | |
Narasaki Sangyo Co. Ltd. | 9,600 | 154,689 | |
Nishikawa Keisoku Co. Ltd. | 5,800 | 225,848 | |
Pla Matels Corp. | 49,800 | 241,012 | |
Shinsho Corp. | 77,000 | 1,556,991 | |
91,310,292 | |||
Transportation Infrastructure - 0.0% | |||
Isewan Terminal Service Co. Ltd. | 169,800 | 1,227,925 | |
Qingdao Port International Co. Ltd. (H Shares) (e) | 3,809,000 | 2,482,325 | |
3,710,250 | |||
TOTAL INDUSTRIALS | 1,390,175,398 | ||
INFORMATION TECHNOLOGY - 7.2% | |||
Communications Equipment - 0.2% | |||
Cisco Systems, Inc. | 1,176,700 | 46,985,631 | |
CommScope Holding Co., Inc. (a) | 248,500 | 2,735,985 | |
Ericsson (B Shares) sponsored ADR | 402,058 | 3,232,546 | |
F5 Networks, Inc. (a) | 35,000 | 4,198,250 | |
Juniper Networks, Inc. | 41,100 | 872,142 | |
58,024,554 | |||
Electronic Equipment & Components - 0.4% | |||
Avnet, Inc. | 460,300 | 14,122,004 | |
Cognex Corp. | 308,800 | 13,753,952 | |
Daido Signal Co. Ltd. | 98,300 | 477,556 | |
Elematec Corp. | 98,400 | 839,310 | |
Flextronics International Ltd. (a) | 1,594,589 | 17,715,884 | |
HAGIAWARA ELECTRIC Co. Ltd. | 15,000 | 315,548 | |
II-VI, Inc. (a) | 347,910 | 10,329,448 | |
Insight Enterprises, Inc. (a) | 5,000 | 275,450 | |
Jabil, Inc. | 212,867 | 6,822,387 | |
Kingboard Chemical Holdings Ltd. | 311,000 | 821,886 | |
Makus, Inc. | 587,111 | 1,694,069 | |
New Cosmos Electric Co. Ltd. | 6,200 | 103,582 | |
PAX Global Technology Ltd. | 4,204,000 | 2,087,169 | |
Redington India Ltd. | 139,664 | 211,694 | |
Riken Kieki Co. Ltd. | 46,800 | 862,151 | |
ScanSource, Inc. (a) | 28,100 | 798,883 | |
TE Connectivity Ltd. | 373,300 | 30,935,371 | |
Trimble, Inc. (a) | 577,100 | 22,783,908 | |
124,950,252 | |||
IT Services - 1.2% | |||
Alliance Data Systems Corp. | 70,100 | 6,020,188 | |
Amdocs Ltd. | 403,500 | 25,723,125 | |
Avant Corp. | 251,800 | 1,956,317 | |
Cielo SA | 346,800 | 531,224 | |
Cognizant Technology Solutions Corp. Class A | 425,600 | 25,931,808 | |
Data Applications Co. Ltd. | 5,000 | 66,151 | |
DXC Technology Co. | 153,972 | 3,712,265 | |
E-Credible Co. Ltd. | 78,916 | 1,182,892 | |
Enea Data AB (a) | 57,300 | 883,329 | |
Fastly, Inc. Class A (b) | 162,517 | 3,217,837 | |
FDM Group Holdings PLC | 5,000 | 55,243 | |
Fidelity National Information Services, Inc. | 271,291 | 37,904,779 | |
Gartner, Inc. (a) | 127,800 | 16,536,042 | |
Genpact Ltd. | 216,030 | 8,308,514 | |
Global Payments, Inc. | 47,234 | 8,689,639 | |
GoDaddy, Inc. (a) | 437,105 | 30,588,608 | |
GreenSky, Inc. Class A (a)(b) | 459,600 | 3,667,608 | |
IBM Corp. | 57,000 | 7,418,550 | |
Korea Information & Communication Co. Ltd. (a) | 18,423 | 106,623 | |
MasterCard, Inc. Class A | 43,500 | 12,625,875 | |
MongoDB, Inc. Class A (a) | 34,400 | 5,246,000 | |
PayPal Holdings, Inc. (a) | 279,125 | 30,142,709 | |
Twilio, Inc. Class A (a) | 367,342 | 41,377,403 | |
Visa, Inc. Class A | 291,557 | 52,993,400 | |
WEX, Inc. (a) | 97,900 | 18,330,796 | |
343,216,925 | |||
Semiconductors & Semiconductor Equipment - 1.0% | |||
Advanced Micro Devices, Inc. (a) | 186,932 | 8,501,667 | |
Applied Materials, Inc. | 401,070 | 23,310,188 | |
Lam Research Corp. | 17,537 | 5,145,882 | |
Marvell Technology Group Ltd. | 1,179,581 | 25,125,075 | |
Microchip Technology, Inc. | 500 | 45,355 | |
Micron Technology, Inc. (a) | 861,353 | 45,272,714 | |
Miraial Co. Ltd. | 30,400 | 280,156 | |
NVIDIA Corp. | 133,851 | 36,149,140 | |
NXP Semiconductors NV | 333,291 | 37,891,854 | |
ON Semiconductor Corp. (a) | 402,609 | 7,512,684 | |
Phison Electronics Corp. | 44,000 | 472,655 | |
Qualcomm, Inc. | 917,643 | 71,851,447 | |
Sanken Electric Co. Ltd. | 65,800 | 1,559,898 | |
Skyworks Solutions, Inc. | 169,845 | 17,015,072 | |
STMicroelectronics NV: | |||
(France) | 180,500 | 4,981,758 | |
(NY Shares) unit (b) | 155,884 | 4,271,222 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 141,500 | 7,618,360 | |
Xilinx, Inc. | 9,300 | 776,457 | |
297,781,584 | |||
Software - 3.1% | |||
Adobe, Inc. (a) | 93,401 | 32,234,553 | |
Autodesk, Inc. (a) | 410,458 | 78,348,223 | |
Avaya Holdings Corp. (a) | 47,800 | 619,488 | |
Blackbaud, Inc. | 252,900 | 17,146,620 | |
Box, Inc. Class A (a) | 1,031,200 | 17,272,600 | |
Citrix Systems, Inc. | 143,100 | 14,795,109 | |
Cloudflare, Inc. (a)(b) | 136,700 | 2,911,710 | |
Cyient Ltd. | 126,206 | 738,648 | |
eBase Co. Ltd. | 75,500 | 1,061,872 | |
Elastic NV (a) | 358,137 | 26,451,999 | |
Encourage Technologies Co. Ltd. | 5,000 | 34,211 | |
Envestnet, Inc. (a) | 100 | 7,548 | |
HubSpot, Inc. (a) | 160,795 | 28,854,663 | |
Instructure, Inc. (a) | 246,900 | 12,038,844 | |
LivePerson, Inc. (a) | 415,874 | 11,004,026 | |
Micro Focus International PLC sponsored ADR | 12,029 | 115,478 | |
Microsoft Corp. | 2,551,350 | 413,344,214 | |
Nortonlifelock, Inc. | 1,247,908 | 23,747,689 | |
Nutanix, Inc. Class A (a) | 35,800 | 853,472 | |
Oracle Corp. | 523,069 | 25,870,993 | |
Parametric Technology Corp. (a) | 260,700 | 19,695,885 | |
Pluralsight, Inc. (a) | 777,900 | 13,869,957 | |
Proofpoint, Inc. (a) | 163,220 | 17,407,413 | |
RealPage, Inc. (a) | 400,200 | 25,652,820 | |
RingCentral, Inc. (a) | 7,500 | 1,768,125 | |
Salesforce.com, Inc. (a) | 240,952 | 41,058,221 | |
SAP SE sponsored ADR (b) | 226,556 | 27,995,525 | |
Sinosoft Tech Group Ltd. | 4,769,000 | 997,238 | |
SS&C Technologies Holdings, Inc. | 68,639 | 3,809,465 | |
System Research Co. Ltd. | 14,200 | 214,856 | |
Toho System Science Co. Ltd. (b) | 11,200 | 82,448 | |
Workday, Inc. Class A (a) | 50,620 | 8,769,915 | |
Workiva, Inc. (a) | 23,300 | 995,842 | |
Yext, Inc. (a)(b) | 261,333 | 3,961,808 | |
Zendesk, Inc. (a) | 40,644 | 3,223,476 | |
Zuora, Inc. (a) | 16,600 | 219,784 | |
877,174,738 | |||
Technology Hardware, Storage & Peripherals - 1.3% | |||
Apple, Inc. | 1,152,953 | 315,171,232 | |
Dell Technologies, Inc. (a) | 17,996 | 728,118 | |
Elecom Co. Ltd. | 44,100 | 1,484,174 | |
HP, Inc. | 697,100 | 14,492,709 | |
NetApp, Inc. | 1,000 | 46,720 | |
Western Digital Corp. | 431,984 | 24,001,031 | |
Xerox Holdings Corp. | 193,100 | 6,217,820 | |
362,141,804 | |||
TOTAL INFORMATION TECHNOLOGY | 2,063,289,857 | ||
MATERIALS - 1.1% | |||
Chemicals - 0.3% | |||
Albemarle Corp. U.S. (b) | 169,200 | 13,849,020 | |
Amyris, Inc. (a)(b) | 2,121,578 | 6,757,226 | |
C. Uyemura & Co. Ltd. | 62,700 | 3,935,463 | |
Cabot Corp. | 7,400 | 276,612 | |
CF Industries Holdings, Inc. | 444,010 | 16,366,209 | |
DuPont de Nemours, Inc. | 83,000 | 3,560,700 | |
Innospec, Inc. | 168,811 | 14,608,904 | |
Isamu Paint Co. Ltd. | 2,600 | 78,222 | |
KPC Holdings Corp. | 7,154 | 282,679 | |
Livent Corp. (a) | 813,919 | 7,268,297 | |
NOF Corp. | 18,300 | 587,887 | |
PPG Industries, Inc. | 42,200 | 4,407,790 | |
Scientex Bhd | 33,400 | 71,342 | |
Sherwin-Williams Co. | 13,800 | 7,131,150 | |
Toho Acetylene Co. Ltd. | 78,450 | 872,798 | |
Yara International ASA | 44,900 | 1,648,480 | |
Yip's Chemical Holdings Ltd. | 450,000 | 133,932 | |
81,836,711 | |||
Construction Materials - 0.1% | |||
Kunimine Industries Co. Ltd. | 5,000 | 47,840 | |
Mitani Sekisan Co. Ltd. | 14,700 | 485,866 | |
Summit Materials, Inc. (a) | 1,727,600 | 33,757,304 | |
34,291,010 | |||
Containers & Packaging - 0.2% | |||
Crown Holdings, Inc. (a) | 607,830 | 42,852,015 | |
Graphic Packaging Holding Co. | 943,800 | 12,760,176 | |
Mayr-Melnhof Karton AG | 8,500 | 1,119,646 | |
Packaging Corp. of America | 5,000 | 453,100 | |
Silgan Holdings, Inc. | 16,200 | 463,806 | |
57,648,743 | |||
Metals & Mining - 0.5% | |||
ArcelorMittal SA Class A unit (b) | 86,200 | 1,232,660 | |
BHP Billiton Ltd. sponsored ADR (b) | 225,200 | 9,753,412 | |
Chubu Steel Plate Co. Ltd. | 151,600 | 948,730 | |
CI Resources Ltd. | 136,202 | 88,729 | |
CK-SAN-ETSU Co. Ltd. | 32,800 | 887,054 | |
Compania de Minas Buenaventura SA sponsored ADR | 150,400 | 1,676,960 | |
First Quantum Minerals Ltd. | 1,474,300 | 10,895,926 | |
Kaiser Aluminum Corp. | 183,400 | 17,340,470 | |
Labrador Iron Ore Royalty Corp. | 4,700 | 68,211 | |
Lundin Mining Corp. | 2,398,700 | 12,241,457 | |
Mount Gibson Iron Ltd. | 3,793,094 | 1,704,998 | |
Newmont Corp. | 1,541,800 | 68,810,534 | |
Pacific Metals Co. Ltd. (b) | 52,000 | 942,518 | |
Perenti Global Ltd. | 2,027,719 | 1,783,293 | |
Rio Tinto PLC sponsored ADR | 49,000 | 2,299,570 | |
Royal Gold, Inc. | 188,700 | 18,203,889 | |
Teck Resources Ltd. Class B (sub. vtg.) | 82,400 | 828,758 | |
149,707,169 | |||
TOTAL MATERIALS | 323,483,633 | ||
REAL ESTATE - 1.5% | |||
Equity Real Estate Investment Trusts (REITs) - 1.3% | |||
Alexandria Real Estate Equities, Inc. | 64,800 | 9,841,824 | |
American Homes 4 Rent Class A | 174,100 | 4,507,449 | |
American Tower Corp. | 126,217 | 28,626,016 | |
Apartment Investment & Management Co. Class A | 497,900 | 23,819,536 | |
CoreSite Realty Corp. | 269,442 | 27,949,219 | |
Corporate Office Properties Trust (SBI) | 198,000 | 5,017,320 | |
CubeSmart | 159,600 | 4,831,092 | |
Digital Realty Trust, Inc. (b) | 154,000 | 18,496,940 | |
Empire State Realty Trust, Inc. | 1,238,526 | 14,490,754 | |
Equinix, Inc. (d) | 36,400 | 20,849,920 | |
Equity Commonwealth | 579,900 | 18,243,654 | |
Equity Lifestyle Properties, Inc. | 65,300 | 4,461,949 | |
Front Yard Residential Corp. Class B | 504,000 | 6,390,720 | |
Healthcare Trust of America, Inc. | 880,360 | 27,414,410 | |
Lexington Corporate Properties Trust | 63,000 | 653,310 | |
Medical Properties Trust, Inc. | 1,308,730 | 27,653,465 | |
Omega Healthcare Investors, Inc. | 74,700 | 2,958,120 | |
Outfront Media, Inc. | 772,340 | 20,343,436 | |
Potlatch Corp. | 61,393 | 2,255,579 | |
Prologis, Inc. | 226,200 | 19,064,136 | |
Public Storage | 42,500 | 8,887,600 | |
Sabra Health Care REIT, Inc. | 1,247,400 | 24,386,670 | |
Simon Property Group, Inc. | 177,400 | 21,834,392 | |
Store Capital Corp. | 43,100 | 1,416,266 | |
Weingarten Realty Investors (SBI) | 729,100 | 19,634,663 | |
Welltower, Inc. | 116,200 | 8,694,084 | |
Weyerhaeuser Co. | 203,000 | 5,273,940 | |
377,996,464 | |||
Real Estate Management & Development - 0.2% | |||
Arealink Co. Ltd. | 25,000 | 184,730 | |
CBRE Group, Inc. (a) | 717,100 | 40,257,994 | |
Cushman & Wakefield PLC (a) | 339,800 | 6,180,962 | |
Howard Hughes Corp. (a) | 142,400 | 15,362,112 | |
Nisshin Group Holdings Co. | 64,700 | 272,333 | |
62,258,131 | |||
TOTAL REAL ESTATE | 440,254,595 | ||
UTILITIES - 1.4% | |||
Electric Utilities - 0.9% | |||
Duke Energy Corp. | 150,300 | 13,782,510 | |
Edison International | 207,000 | 13,908,330 | |
Entergy Corp. | 96,200 | 11,246,742 | |
Evergy, Inc. | 236,597 | 15,461,614 | |
Exelon Corp. | 1,521,766 | 65,603,332 | |
NextEra Energy, Inc. | 75,900 | 19,184,484 | |
OGE Energy Corp. | 519,300 | 19,785,330 | |
PNM Resources, Inc. | 411,200 | 19,359,296 | |
PPL Corp. | 825,000 | 24,758,250 | |
Southern Co. | 964,900 | 58,241,364 | |
261,331,252 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 17,500 | 1,806,875 | |
Busan City Gas Co. Ltd. | 54,716 | 1,496,778 | |
China Resource Gas Group Ltd. | 648,000 | 3,233,765 | |
Enagas SA | 50,598 | 1,312,899 | |
Hokuriku Gas Co. | 6,200 | 171,181 | |
Keiyo Gas Co. Ltd. | 3,000 | 83,219 | |
Seoul City Gas Co. Ltd. | 11,774 | 681,422 | |
South Jersey Industries, Inc. | 624,600 | 16,895,430 | |
YESCO Co. Ltd. | 22,407 | 639,075 | |
26,320,644 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
NextEra Energy Partners LP (b) | 79,900 | 4,607,833 | |
NRG Energy, Inc. | 428,300 | 14,223,843 | |
The AES Corp. | 122,500 | 2,049,425 | |
Vistra Energy Corp. | 204,200 | 3,926,766 | |
24,807,867 | |||
Multi-Utilities - 0.3% | |||
CenterPoint Energy, Inc. | 198,900 | 4,578,678 | |
Dominion Energy, Inc. | 309,557 | 24,201,166 | |
MDU Resources Group, Inc. | 807,700 | 22,397,521 | |
Public Service Enterprise Group, Inc. | 92,900 | 4,766,699 | |
Sempra Energy | 110,200 | 15,403,756 | |
71,347,820 | |||
TOTAL UTILITIES | 383,807,583 | ||
TOTAL COMMON STOCKS | |||
(Cost $12,247,988,865) | 12,449,549,659 | ||
Preferred Stocks - 0.1% | |||
Convertible Preferred Stocks - 0.0% | |||
HEALTH CARE - 0.0% | |||
Health Care Equipment & Supplies - 0.0% | |||
Becton, Dickinson & Co. Series A, 6.125% | 57,200 | 3,258,103 | |
Nonconvertible Preferred Stocks - 0.1% | |||
INFORMATION TECHNOLOGY - 0.1% | |||
Technology Hardware, Storage & Peripherals - 0.1% | |||
Samsung Electronics Co. Ltd. | 592,750 | 22,483,689 | |
UTILITIES - 0.0% | |||
Electric Utilities - 0.0% | |||
Companhia Paranaense de Energia-Copel (PN-B) | 36,200 | 580,492 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 23,064,181 | ||
TOTAL PREFERRED STOCKS | |||
(Cost $29,285,495) | 26,322,284 | ||
Equity Funds - 55.1% | |||
Domestic Equity Funds - 4.4% | |||
Fidelity Magellan Fund (g) | 129,731,169 | 1,266,176,214 | |
Large Blend Funds - 5.8% | |||
Fidelity SAI U.S. Large Cap Index Fund (g) | 66,579,776 | 1,055,289,453 | |
Fidelity SAI U.S. Low Volatility Index Fund (g) | 42,548,983 | 598,664,192 | |
TOTAL LARGE BLEND FUNDS | 1,653,953,645 | ||
Large Growth Funds - 33.3% | |||
Fidelity Contrafund (g) | 154,132,769 | 2,016,056,613 | |
Fidelity Growth Company Fund (g) | 121,053,000 | 2,539,691,941 | |
Fidelity SAI U.S. Momentum Index Fund (g) | 120,435,059 | 1,621,055,900 | |
Fidelity SAI U.S. Quality Index Fund (g) | 243,872,173 | 3,338,610,038 | |
TOTAL LARGE GROWTH FUNDS | 9,515,414,492 | ||
Large Value Funds - 9.2% | |||
Fidelity Large Cap Value Enhanced Index Fund (g) | 153,528,542 | 1,859,230,641 | |
Fidelity SAI U.S. Value Index Fund (g) | 82,778,781 | 767,359,301 | |
TOTAL LARGE VALUE FUNDS | 2,626,589,942 | ||
Small Blend Funds - 2.4% | |||
Fidelity Small Cap Index Fund (g) | 37,720,377 | 703,107,824 | |
TOTAL EQUITY FUNDS | |||
(Cost $15,693,536,683) | 15,765,242,117 | ||
Money Market Funds - 2.2% | |||
Fidelity Cash Central Fund 1.60% (h) | 384,332,794 | 384,409,660 | |
Fidelity Securities Lending Cash Central Fund 1.60% (h)(i) | 232,985,984 | 233,009,282 | |
TOTAL MONEY MARKET FUNDS | |||
(Cost $617,415,180) | 617,418,942 | ||
TOTAL INVESTMENT IN SECURITIES - 100.9% | |||
(Cost $28,588,226,223) | 28,858,533,002 | ||
NET OTHER ASSETS (LIABILITIES) - (0.9)% | (250,655,886) | ||
NET ASSETS - 100% | $28,607,877,116 |
Written Options | ||||||
Counterparty | Number of Contracts | Notional Amount | Exercise Price | Expiration Date | Value | |
Call Options | ||||||
Equinix, Inc. | Chicago Board Options Exchange | 58 | $3,322,240 | $700.00 | 6/19/20 | $(36,830) |
Procter & Gamble Co. | Chicago Board Options Exchange | 252 | 2,853,396 | 125.00 | 3/20/20 | (15,246) |
Procter & Gamble Co. | Chicago Board Options Exchange | 252 | 2,853,396 | 130.00 | 3/20/20 | (4,662) |
United Parcel Service, Inc. Class B | Chicago Board Options Exchange | 353 | 3,194,297 | 130.00 | 4/17/20 | (3,707) |
TOTAL WRITTEN OPTIONS | $(60,445) |
Legend
(a) Non-income producing
(b) Security or a portion of the security is on loan at period end.
(c) Level 3 security
(d) Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $12,223,329.
(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $14,472,068 or 0.1% of net assets.
(f) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $7,074,000 or 0.0% of net assets.
(g) Affiliated Fund
(h) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(i) Investment made with cash collateral received from securities on loan.
Additional information on each restricted holding is as follows:
Security | Acquisition Date | Acquisition Cost |
Vertiv Holdings LLC | 2/6/20 | $6,000,000 |
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | 5,005,075 |
Fidelity Securities Lending Cash Central Fund | 1,585,625 |
Total | $6,590,700 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.
Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
Fid- elity Contra- fund | $1,541,982,376 | $383,510,669 | $-- | $83,510,669 | $-- | $90,563,568 | $2,016,056,613 |
Fid- elity Gro- wth Comp- any Fund | 1,975,431,920 | 265,730,638 | -- | 95,730,638 | -- | 298,529,383 | 2,539,691,941 |
Fid- elity Large Cap Value Enhan- ced Index Fund | 1,533,078,826 | 365,175,370 | -- | 65,175,369 | -- | (39,023,555) | 1,859,230,641 |
Fid- elity Mage- llan Fund | -- | 1,368,647,605 | -- | -- | -- | (102,471,391) | 1,266,176,214 |
Fid- elity SAI U.S. Large Cap Index Fund | -- | 4,267,635,641 | 3,285,781,086 | 35,957,965 | 93,463,180 | (20,028,282) | 1,055,289,453 |
Fid- elity SAI U.S. Low Volat- ility Index Fund | 563,638,676 | 23,676,101 | -- | 23,676,101 | -- | 11,349,415 | 598,664,192 |
Fid- elity SAI U.S. Mom- ent- um Index Fund | 1,466,830,954 | 84,847,630 | -- | 34,847,630 | -- | 69,377,316 | 1,621,055,900 |
Fid- elity SAI U.S. Quality Index Fund | 2,429,472,096 | 1,020,511,672 | -- | 395,511,681 | -- | (111,373,730) | 3,338,610,038 |
Fid- elity SAI U.S. Value Index Fund | 550,613,983 | 218,177,713 | -- | 18,177,712 | -- | (1,432,395) | 767,359,301 |
Fid- elity Small Cap Index Fund | 503,719,722 | 220,926,340 | -- | 20,926,341 | -- | (21,538,238) | 703,107,824 |
Fid- elity Total Market Index Fund | 1,297,238,579 | 621,564,840 | 2,016,357,078 | -- | 85,174,780 | 12,378,879 | -- |
$11,862,007,132 | $8,840,404,219 | $5,302,138,164 | $773,514,106 | $178,637,960 | $186,330,970 | $15,765,242,117 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.