| Common Stocks - 98.7% |
| | | Shares | Value ($) |
| COMMUNICATION SERVICES - 5.3% | | | |
| Diversified Telecommunication Services - 1.5% | | | |
| AT&T, Inc. | | 12,051 | 231,982 |
| Verizon Communications, Inc. | | 5,961 | 241,540 |
| | | | 473,522 |
| Entertainment - 2.0% | | | |
| IMAX Corp. (a)(b) | | 14,526 | 306,499 |
| Liberty Media Corp. Liberty Formula One Class C | | 2,100 | 169,827 |
| The Walt Disney Co. | | 1,916 | 179,510 |
| | | | 655,836 |
| Interactive Media & Services - 0.3% | | | |
| Pinterest, Inc. Class A (a) | | 3,300 | 105,435 |
| Media - 0.3% | | | |
| Comcast Corp. Class A | | 2,246 | 92,692 |
| Wireless Telecommunication Services - 1.2% | | | |
| T-Mobile U.S., Inc. | | 2,082 | 379,507 |
TOTAL COMMUNICATION SERVICES | | | 1,706,992 |
| CONSUMER DISCRETIONARY - 5.7% | | | |
| Diversified Consumer Services - 0.9% | | | |
| Grand Canyon Education, Inc. (a) | | 1,933 | 301,451 |
| Hotels, Restaurants & Leisure - 2.0% | | | |
| Chipotle Mexican Grill, Inc. (a) | | 2,950 | 160,244 |
| McDonald's Corp. | | 913 | 242,310 |
| Yum! Brands, Inc. | | 1,761 | 233,914 |
| | | | 636,468 |
| Specialty Retail - 2.8% | | | |
| Murphy U.S.A., Inc. | | 569 | 287,299 |
| O'Reilly Automotive, Inc. (a) | | 236 | 265,816 |
| TJX Companies, Inc. | | 2,913 | 329,227 |
| | | | 882,342 |
TOTAL CONSUMER DISCRETIONARY | | | 1,820,261 |
| CONSUMER STAPLES - 14.3% | | | |
| Beverages - 3.4% | | | |
| Coca-Cola Consolidated, Inc. | | 196 | 224,594 |
| Constellation Brands, Inc. Class A (sub. vtg.) | | 423 | 103,703 |
| Keurig Dr. Pepper, Inc. | | 6,591 | 225,939 |
| Monster Beverage Corp. (a) | | 5,092 | 261,983 |
| The Coca-Cola Co. | | 3,906 | 260,686 |
| | | | 1,076,905 |
| Consumer Staples Distribution & Retail - 3.4% | | | |
| Albertsons Companies, Inc. | | 11,399 | 226,042 |
| BJ's Wholesale Club Holdings, Inc. (a) | | 3,081 | 271,005 |
| Costco Wholesale Corp. | | 313 | 257,286 |
| Walmart, Inc. | | 5,067 | 347,799 |
| | | | 1,102,132 |
| Food Products - 3.9% | | | |
| Bunge Global SA | | 2,201 | 231,611 |
| Lancaster Colony Corp. | | 400 | 77,224 |
| Mondelez International, Inc. | | 3,500 | 239,225 |
| The J.M. Smucker Co. | | 1,900 | 224,105 |
| The Simply Good Foods Co. (a) | | 6,808 | 230,927 |
| Tyson Foods, Inc. Class A | | 4,009 | 244,148 |
| | | | 1,247,240 |
| Household Products - 2.6% | | | |
| Colgate-Palmolive Co. | | 2,993 | 296,876 |
| Procter & Gamble Co. | | 1,743 | 280,205 |
| Reynolds Consumer Products, Inc. | | 9,007 | 250,575 |
| | | | 827,656 |
| Tobacco - 1.0% | | | |
| Philip Morris International, Inc. | | 2,719 | 313,120 |
TOTAL CONSUMER STAPLES | | | 4,567,053 |
| ENERGY - 4.7% | | | |
| Oil, Gas & Consumable Fuels - 4.7% | | | |
| Cheniere Energy, Inc. | | 1,474 | 269,211 |
| ConocoPhillips Co. | | 1,992 | 221,510 |
| Diamondback Energy, Inc. | | 1,388 | 280,806 |
| Exxon Mobil Corp. | | 2,629 | 311,773 |
| International Seaways, Inc. | | 2,651 | 148,456 |
| Phillips 66 Co. | | 1,767 | 257,063 |
| | | | 1,488,819 |
| FINANCIALS - 15.4% | | | |
| Capital Markets - 1.9% | | | |
| Cboe Global Markets, Inc. | | 1,833 | 336,374 |
| Intercontinental Exchange, Inc. | | 1,340 | 203,090 |
| LPL Financial | | 300 | 66,456 |
| | | | 605,920 |
| Financial Services - 2.6% | | | |
| Fiserv, Inc. (a) | | 1,474 | 241,102 |
| MasterCard, Inc. Class A | | 681 | 315,787 |
| Visa, Inc. Class A | | 1,102 | 292,768 |
| | | | 849,657 |
| Insurance - 10.9% | | | |
| American Financial Group, Inc. | | 1,617 | 211,762 |
| Arch Capital Group Ltd. (a) | | 2,676 | 256,307 |
| Arthur J. Gallagher & Co. | | 1,171 | 331,967 |
| Brown & Brown, Inc. | | 3,334 | 331,500 |
| Chubb Ltd. | | 1,159 | 319,490 |
| Everest Re Group Ltd. | | 613 | 240,829 |
| Hanover Insurance Group, Inc. | | 1,785 | 245,420 |
| Hartford Financial Services Group, Inc. | | 2,811 | 311,796 |
| Marsh & McLennan Companies, Inc. | | 1,691 | 376,366 |
| Reinsurance Group of America, Inc. | | 1,336 | 301,174 |
| Selective Insurance Group, Inc. | | 2,555 | 230,768 |
| The Travelers Companies, Inc. | | 1,495 | 323,578 |
| | | | 3,480,957 |
TOTAL FINANCIALS | | | 4,936,534 |
| HEALTH CARE - 18.0% | | | |
| Biotechnology - 5.1% | | | |
| AbbVie, Inc. | | 1,501 | 278,165 |
| Exelixis, Inc. (a) | | 11,637 | 272,888 |
| Gilead Sciences, Inc. | | 3,496 | 265,906 |
| Incyte Corp. (a) | | 4,180 | 271,993 |
| Regeneron Pharmaceuticals, Inc. (a) | | 353 | 380,954 |
| Vertex Pharmaceuticals, Inc. (a) | | 300 | 148,716 |
| | | | 1,618,622 |
| Health Care Equipment & Supplies - 2.0% | | | |
| Boston Scientific Corp. (a) | | 4,005 | 295,889 |
| Hologic, Inc. (a) | | 1,858 | 151,631 |
| Stryker Corp. | | 638 | 208,913 |
| | | | 656,433 |
| Health Care Providers & Services - 6.0% | | | |
| Cencora, Inc. | | 1,339 | 318,521 |
| Chemed Corp. | | 407 | 232,055 |
| Cigna Group | | 922 | 321,474 |
| Elevance Health, Inc. | | 465 | 247,394 |
| McKesson Corp. | | 413 | 254,829 |
| Molina Healthcare, Inc. (a) | | 622 | 212,270 |
| UnitedHealth Group, Inc. | | 554 | 319,193 |
| | | | 1,905,736 |
| Life Sciences Tools & Services - 1.4% | | | |
| Danaher Corp. | | 706 | 195,618 |
| Thermo Fisher Scientific, Inc. | | 430 | 263,736 |
| | | | 459,354 |
| Pharmaceuticals - 3.5% | | | |
| AstraZeneca PLC (United Kingdom) | | 1,916 | 304,397 |
| Eli Lilly & Co. | | 417 | 335,381 |
| Merck & Co., Inc. | | 2,507 | 283,617 |
| Roche Holding AG (participation certificate) | | 608 | 196,846 |
| | | | 1,120,241 |
TOTAL HEALTH CARE | | | 5,760,386 |
| INDUSTRIALS - 10.2% | | | |
| Aerospace & Defense - 3.5% | | | |
| General Dynamics Corp. | | 851 | 254,202 |
| General Electric Co. | | 1,264 | 215,133 |
| Huntington Ingalls Industries, Inc. | | 300 | 83,994 |
| Lockheed Martin Corp. | | 529 | 286,676 |
| Northrop Grumman Corp. | | 576 | 278,968 |
| | | | 1,118,973 |
| Commercial Services & Supplies - 1.0% | | | |
| Waste Connections, Inc. (United States) | | 1,790 | 318,208 |
| Construction & Engineering - 0.8% | | | |
| EMCOR Group, Inc. | | 714 | 268,064 |
| Ground Transportation - 1.8% | | | |
| CSX Corp. | | 3,109 | 109,126 |
| Landstar System, Inc. | | 1,460 | 277,765 |
| Union Pacific Corp. | | 686 | 169,257 |
| | | | 556,148 |
| Marine Transportation - 0.7% | | | |
| Kirby Corp. (a) | | 1,874 | 230,277 |
| Professional Services - 2.1% | | | |
| CACI International, Inc. (a) | | 750 | 346,110 |
| Leidos Holdings, Inc. | | 1,803 | 260,353 |
| Science Applications International Corp. | | 510 | 63,444 |
| | | | 669,907 |
| Trading Companies & Distributors - 0.3% | | | |
| Fastenal Co. | | 1,500 | 106,125 |
TOTAL INDUSTRIALS | | | 3,267,702 |
| INFORMATION TECHNOLOGY - 19.5% | | | |
| Communications Equipment - 1.7% | | | |
| Cisco Systems, Inc. | | 4,931 | 238,907 |
| Motorola Solutions, Inc. | | 770 | 307,168 |
| | | | 546,075 |
| Electronic Equipment, Instruments & Components - 3.3% | | | |
| Amphenol Corp. Class A | | 3,782 | 243,031 |
| CDW Corp. | | 964 | 210,258 |
| Insight Enterprises, Inc. (a) | | 1,685 | 378,283 |
| Keyence Corp. | | 542 | 233,656 |
| | | | 1,065,228 |
| IT Services - 3.5% | | | |
| Amdocs Ltd. | | 2,763 | 241,680 |
| Cognizant Technology Solutions Corp. Class A | | 3,100 | 234,608 |
| GoDaddy, Inc. (a) | | 1,600 | 232,720 |
| IBM Corp. | | 882 | 169,467 |
| VeriSign, Inc. (a) | | 1,252 | 234,137 |
| | | | 1,112,612 |
| Semiconductors & Semiconductor Equipment - 0.8% | | | |
| Analog Devices, Inc. | | 1,019 | 235,776 |
| Software - 8.2% | | | |
| CCC Intelligent Solutions Holdings, Inc. Class A (a) | | 20,320 | 208,483 |
| CommVault Systems, Inc. (a) | | 2,555 | 390,535 |
| Manhattan Associates, Inc. (a) | | 1,175 | 300,072 |
| Microsoft Corp. | | 683 | 285,733 |
| PTC, Inc. (a) | | 1,783 | 317,107 |
| Roper Technologies, Inc. | | 605 | 329,574 |
| Salesforce, Inc. | | 629 | 162,785 |
| SAP SE sponsored ADR | | 1,126 | 238,262 |
| ServiceNow, Inc. (a) | | 201 | 163,692 |
| Workday, Inc. Class A (a) | | 1,053 | 239,157 |
| | | | 2,635,400 |
| Technology Hardware, Storage & Peripherals - 2.0% | | | |
| Apple, Inc. | | 1,060 | 235,405 |
| FUJIFILM Holdings Corp. ADR (b) | | 13,481 | 158,941 |
| HP, Inc. | | 6,600 | 238,194 |
| | | | 632,540 |
TOTAL INFORMATION TECHNOLOGY | | | 6,227,631 |
| MATERIALS - 3.0% | | | |
| Chemicals - 1.8% | | | |
| Ecolab, Inc. | | 1,012 | 233,458 |
| Linde PLC | | 780 | 353,730 |
| | | | 587,188 |
| Containers & Packaging - 1.2% | | | |
| Aptargroup, Inc. | | 1,720 | 252,806 |
| Avery Dennison Corp. | | 586 | 127,062 |
| | | | 379,868 |
TOTAL MATERIALS | | | 967,056 |
| UTILITIES - 2.6% | | | |
| Electric Utilities - 1.8% | | | |
| Duke Energy Corp. | | 1,069 | 116,810 |
| PPL Corp. | | 4,761 | 141,497 |
| Southern Co. | | 3,895 | 325,310 |
| | | | 583,617 |
| Multi-Utilities - 0.8% | | | |
| Public Service Enterprise Group, Inc. | | 3,243 | 258,694 |
TOTAL UTILITIES | | | 842,311 |
| TOTAL COMMON STOCKS (Cost $24,920,256) | | | 31,584,745 |
| | | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column 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.
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 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)
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last 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 but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 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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