Quarterly Holdings Report
for
Fidelity® Climate Action Fund
August 31, 2023
CLA-NPRT1-1023
1.9901892.102
Common Stocks - 99.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.3% | |||
Interactive Media & Services - 3.3% | |||
Alphabet, Inc. Class A (a) | 5,689 | 774,671 | |
CONSUMER DISCRETIONARY - 8.0% | |||
Automobiles - 0.8% | |||
BYD Co. Ltd. (A Shares) | 5,396 | 185,396 | |
Broadline Retail - 2.7% | |||
Amazon.com, Inc. (a) | 2,783 | 384,082 | |
MercadoLibre, Inc. (a) | 194 | 266,238 | |
650,320 | |||
Hotels, Restaurants & Leisure - 0.9% | |||
Chipotle Mexican Grill, Inc. (a) | 117 | 225,417 | |
Household Durables - 0.7% | |||
Mohawk Industries, Inc. (a) | 1,455 | 147,522 | |
Sony Group Corp. | 185 | 15,391 | |
162,913 | |||
Leisure Products - 0.7% | |||
YETI Holdings, Inc. (a) | 3,101 | 154,895 | |
Specialty Retail - 1.8% | |||
Lowe's Companies, Inc. | 1,861 | 428,923 | |
Textiles, Apparel & Luxury Goods - 0.4% | |||
On Holding AG (a) | 3,445 | 99,319 | |
TOTAL CONSUMER DISCRETIONARY | 1,907,183 | ||
CONSUMER STAPLES - 4.5% | |||
Household Products - 1.4% | |||
Procter & Gamble Co. | 2,186 | 337,387 | |
Personal Care Products - 3.1% | |||
Kenvue, Inc. | 14,881 | 343,007 | |
L'Oreal SA | 858 | 377,545 | |
720,552 | |||
TOTAL CONSUMER STAPLES | 1,057,939 | ||
ENERGY - 1.5% | |||
Energy Equipment & Services - 0.9% | |||
Baker Hughes Co. Class A | 6,027 | 218,117 | |
Oil, Gas & Consumable Fuels - 0.6% | |||
Centrus Energy Corp. Class A (a) | 2,669 | 126,671 | |
TOTAL ENERGY | 344,788 | ||
FINANCIALS - 12.2% | |||
Banks - 0.5% | |||
Amalgamated Financial Corp. | 6,915 | 123,917 | |
Capital Markets - 7.2% | |||
Intercontinental Exchange, Inc. | 3,206 | 378,276 | |
Moody's Corp. | 1,699 | 572,223 | |
Morgan Stanley | 4,008 | 341,281 | |
S&P Global, Inc. | 1,021 | 399,068 | |
1,690,848 | |||
Consumer Finance - 2.6% | |||
American Express Co. | 2,045 | 323,090 | |
Capital One Financial Corp. | 2,934 | 300,412 | |
623,502 | |||
Insurance - 1.9% | |||
Marsh & McLennan Companies, Inc. | 2,288 | 446,137 | |
TOTAL FINANCIALS | 2,884,404 | ||
HEALTH CARE - 11.4% | |||
Biotechnology - 1.4% | |||
Gilead Sciences, Inc. | 2,545 | 194,642 | |
Repligen Corp. (a) | 863 | 150,084 | |
344,726 | |||
Health Care Providers & Services - 1.3% | |||
Elevance Health, Inc. | 675 | 298,357 | |
Life Sciences Tools & Services - 5.6% | |||
Agilent Technologies, Inc. | 3,226 | 390,572 | |
Danaher Corp. | 644 | 170,660 | |
Mettler-Toledo International, Inc. (a) | 183 | 222,067 | |
Thermo Fisher Scientific, Inc. | 982 | 547,072 | |
1,330,371 | |||
Pharmaceuticals - 3.1% | |||
Novo Nordisk A/S Series B | 1,905 | 351,384 | |
Sanofi SA | 3,513 | 374,148 | |
725,532 | |||
TOTAL HEALTH CARE | 2,698,986 | ||
INDUSTRIALS - 20.1% | |||
Aerospace & Defense - 1.2% | |||
BWX Technologies, Inc. | 1,935 | 142,726 | |
Woodward, Inc. | 1,155 | 149,422 | |
292,148 | |||
Building Products - 2.8% | |||
The AZEK Co., Inc. (a) | 8,227 | 279,800 | |
Trane Technologies PLC | 1,881 | 386,094 | |
665,894 | |||
Construction & Engineering - 2.1% | |||
AECOM | 3,900 | 342,225 | |
Quanta Services, Inc. | 788 | 165,378 | |
507,603 | |||
Electrical Equipment - 6.9% | |||
Array Technologies, Inc. (a) | 1,909 | 47,477 | |
Bloom Energy Corp. Class A (a) | 3,231 | 48,433 | |
Eaton Corp. PLC | 2,319 | 534,228 | |
Enovix Corp. (a) | 3,479 | 47,941 | |
Fluence Energy, Inc. (a) | 4,244 | 111,829 | |
Hubbell, Inc. Class B | 441 | 143,788 | |
Net Power, Inc. Class A (a) | 4,326 | 60,521 | |
Rockwell Automation, Inc. | 696 | 217,208 | |
Schneider Electric SA | 1,613 | 276,482 | |
Vestas Wind Systems A/S (a) | 5,919 | 136,759 | |
1,624,666 | |||
Machinery - 4.0% | |||
Deere & Co. | 494 | 203,004 | |
Energy Recovery, Inc. (a) | 5,814 | 158,025 | |
Industrie de Nora SpA | 4,724 | 91,692 | |
Ingersoll Rand, Inc. | 5,131 | 357,169 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 30,800 | 126,020 | |
935,910 | |||
Professional Services - 3.1% | |||
ICF International, Inc. | 1,150 | 155,319 | |
KBR, Inc. | 7,145 | 439,560 | |
RELX PLC (London Stock Exchange) | 4,554 | 148,437 | |
743,316 | |||
TOTAL INDUSTRIALS | 4,769,537 | ||
INFORMATION TECHNOLOGY - 33.3% | |||
Electronic Equipment, Instruments & Components - 2.6% | |||
Amphenol Corp. Class A | 3,290 | 290,770 | |
Flex Ltd. (a) | 8,134 | 224,417 | |
Landis+Gyr Group AG | 1,324 | 98,174 | |
613,361 | |||
IT Services - 3.0% | |||
Accenture PLC Class A | 1,893 | 612,897 | |
IBM Corp. | 720 | 105,718 | |
718,615 | |||
Semiconductors & Semiconductor Equipment - 13.9% | |||
Advantest Corp. | 375 | 47,192 | |
AEHR Test Systems (a) | 2,247 | 114,619 | |
Aixtron AG | 4,479 | 170,474 | |
Allegro MicroSystems LLC (a) | 2,914 | 111,461 | |
Analog Devices, Inc. | 924 | 167,965 | |
Applied Materials, Inc. | 3,033 | 463,321 | |
First Solar, Inc. (a) | 1,387 | 262,309 | |
NVIDIA Corp. | 2,748 | 1,356,275 | |
ON Semiconductor Corp. (a) | 2,429 | 239,159 | |
Soitec SA (a) | 802 | 146,927 | |
SolarEdge Technologies, Inc. (a) | 527 | 85,674 | |
STMicroelectronics NV (depository receipt) | 2,922 | 138,094 | |
3,303,470 | |||
Software - 12.2% | |||
Aspen Technology, Inc. (a) | 1,733 | 336,202 | |
DocuSign, Inc. (a) | 1,844 | 92,753 | |
Intuit, Inc. | 453 | 245,440 | |
Microsoft Corp. | 4,314 | 1,413,959 | |
Procore Technologies, Inc. (a) | 1,842 | 124,427 | |
Samsara, Inc. (a) | 4,393 | 120,192 | |
ServiceNow, Inc. (a) | 530 | 312,080 | |
Volue A/S (a) | 49,161 | 105,658 | |
Zoom Video Communications, Inc. Class A (a) | 1,972 | 140,071 | |
2,890,782 | |||
Technology Hardware, Storage & Peripherals - 1.6% | |||
Apple, Inc. | 1,982 | 372,358 | |
TOTAL INFORMATION TECHNOLOGY | 7,898,586 | ||
MATERIALS - 2.2% | |||
Chemicals - 1.8% | |||
DSM BV | 889 | 90,056 | |
DSM-Firmenich AG | 1,719 | 158,719 | |
Ecolab, Inc. | 879 | 161,569 | |
410,344 | |||
Construction Materials - 0.4% | |||
Holcim AG | 1,526 | 101,163 | |
TOTAL MATERIALS | 511,507 | ||
REAL ESTATE - 1.5% | |||
Equity Real Estate Investment Trusts (REITs) - 1.5% | |||
Prologis (REIT), Inc. | 2,919 | 362,540 | |
UTILITIES - 1.2% | |||
Electric Utilities - 0.8% | |||
Elia Group SA/NV | 1,625 | 187,660 | |
Independent Power and Renewable Electricity Producers - 0.4% | |||
Scatec Solar AS (b) | 14,938 | 99,758 | |
TOTAL UTILITIES | 287,418 | ||
TOTAL COMMON STOCKS (Cost $21,142,462) | 23,497,559 | ||
Convertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.0% | |||
Electronic Equipment, Instruments & Components - 0.0% | |||
CelLink Corp. Series D (a)(c)(d) (Cost $8,330) | 400 | 4,932 | |
Money Market Funds - 0.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.43% (e) (Cost $176,991) | 176,956 | 176,991 | |
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $21,327,783) | 23,679,482 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | 7,600 |
NET ASSETS - 100.0% | 23,687,082 |
Legend
(a) | Non-income producing |
(b) | 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 $99,758 or 0.4% of net assets. |
(c) | 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 $4,932 or 0.0% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
CelLink Corp. Series D | 1/20/22 | 8,330 |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.43% | 424,905 | 1,239,854 | 1,487,768 | 3,546 | - | - | 176,991 | 0.0% |
Total | 424,905 | 1,239,854 | 1,487,768 | 3,546 | - | - | 176,991 | |
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted 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)
Valuation techniques used to value 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 service 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 any 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.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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.
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