UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-02105
Fidelity Salem Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | July 31 |
Date of reporting period: | January 31, 2023 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 5.1 | |
Chevron Corp. | 4.7 | |
Eli Lilly & Co. | 4.6 | |
Merck & Co., Inc. | 4.0 | |
UnitedHealth Group, Inc. | 3.8 | |
ConocoPhillips Co. | 2.7 | |
AbbVie, Inc. | 2.5 | |
PepsiCo, Inc. | 2.5 | |
Cigna Corp. | 1.7 | |
The Coca-Cola Co. | 1.6 | |
33.2 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 31.0 | |
Energy | 24.1 | |
Consumer Staples | 9.6 | |
Industrials | 8.6 | |
Financials | 7.5 | |
Consumer Discretionary | 5.4 | |
Information Technology | 4.9 | |
Utilities | 3.7 | |
Materials | 2.7 | |
Communication Services | 1.8 | |
Real Estate | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 3% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.8% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 1.8% | |||
Entertainment - 0.4% | |||
Liberty Media Corp. Liberty Formula One Series C (a) | 14,164 | 1,002,811 | |
Netflix, Inc. (a) | 10,497 | 3,714,468 | |
4,717,279 | |||
Media - 0.1% | |||
Omnicom Group, Inc. | 5,712 | 491,175 | |
Wireless Telecommunication Services - 1.3% | |||
T-Mobile U.S., Inc. (a) | 99,166 | 14,806,475 | |
TOTAL COMMUNICATION SERVICES | 20,014,929 | ||
CONSUMER DISCRETIONARY - 5.4% | |||
Automobiles - 0.7% | |||
Ford Motor Co. | 69,274 | 935,892 | |
Rivian Automotive, Inc. (a)(b) | 7,314 | 141,892 | |
Tesla, Inc. (a) | 41,272 | 7,149,136 | |
8,226,920 | |||
Distributors - 0.4% | |||
Genuine Parts Co. | 26,720 | 4,484,150 | |
LKQ Corp. | 5,339 | 314,787 | |
4,798,937 | |||
Hotels, Restaurants & Leisure - 0.8% | |||
ARAMARK Holdings Corp. | 10,060 | 447,972 | |
Las Vegas Sands Corp. (a) | 25,262 | 1,490,458 | |
McDonald's Corp. | 16,450 | 4,398,730 | |
Starbucks Corp. | 20,234 | 2,208,339 | |
Wynn Resorts Ltd. (a) | 2,554 | 264,697 | |
8,810,196 | |||
Internet & Direct Marketing Retail - 0.0% | |||
Chewy, Inc. (a)(b) | 1,714 | 77,233 | |
Multiline Retail - 0.9% | |||
Dollar General Corp. | 26,955 | 6,296,688 | |
Dollar Tree, Inc. (a) | 25,131 | 3,774,174 | |
10,070,862 | |||
Specialty Retail - 2.6% | |||
AutoZone, Inc. (a) | 3,284 | 8,009,183 | |
O'Reilly Automotive, Inc. (a) | 10,860 | 8,604,921 | |
Ross Stores, Inc. | 18,610 | 2,199,516 | |
TJX Companies, Inc. | 105,399 | 8,627,962 | |
Tractor Supply Co. | 1,760 | 401,262 | |
Ulta Beauty, Inc. (a) | 3,071 | 1,578,371 | |
29,421,215 | |||
TOTAL CONSUMER DISCRETIONARY | 61,405,363 | ||
CONSUMER STAPLES - 9.6% | |||
Beverages - 4.8% | |||
Brown-Forman Corp. Class B (non-vtg.) | 13,111 | 872,930 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 7,860 | 1,819,747 | |
Keurig Dr. Pepper, Inc. | 28,168 | 993,767 | |
Molson Coors Beverage Co. Class B | 8,470 | 445,353 | |
Monster Beverage Corp. (a) | 34,732 | 3,614,907 | |
PepsiCo, Inc. | 165,451 | 28,295,430 | |
The Coca-Cola Co. | 292,252 | 17,920,893 | |
53,963,027 | |||
Food & Staples Retailing - 1.8% | |||
Costco Wholesale Corp. | 28,281 | 14,455,550 | |
Kroger Co. | 28,325 | 1,264,145 | |
Walmart, Inc. | 28,272 | 4,067,493 | |
19,787,188 | |||
Food Products - 3.0% | |||
Archer Daniels Midland Co. | 102,002 | 8,450,866 | |
Bunge Ltd. | 9,089 | 900,720 | |
Campbell Soup Co. | 35,827 | 1,860,496 | |
Conagra Brands, Inc. | 29,096 | 1,082,080 | |
General Mills, Inc. | 120,645 | 9,453,742 | |
Hormel Foods Corp. | 11,890 | 538,736 | |
Kellogg Co. | 34,439 | 2,361,827 | |
Lamb Weston Holdings, Inc. | 13,137 | 1,312,255 | |
The Hershey Co. | 25,151 | 5,648,915 | |
The J.M. Smucker Co. | 14,539 | 2,221,559 | |
Tyson Foods, Inc. Class A | 5,823 | 382,862 | |
34,214,058 | |||
TOTAL CONSUMER STAPLES | 107,964,273 | ||
ENERGY - 24.1% | |||
Energy Equipment & Services - 1.6% | |||
Baker Hughes Co. Class A | 36,137 | 1,146,988 | |
Halliburton Co. | 115,321 | 4,753,532 | |
Schlumberger Ltd. | 219,516 | 12,508,022 | |
18,408,542 | |||
Oil, Gas & Consumable Fuels - 22.5% | |||
APA Corp. | 52,042 | 2,307,022 | |
Cheniere Energy, Inc. | 51,445 | 7,860,282 | |
Chesapeake Energy Corp. | 7,838 | 679,711 | |
Chevron Corp. | 306,026 | 53,254,645 | |
ConocoPhillips Co. | 248,109 | 30,237,044 | |
Coterra Energy, Inc. | 124,720 | 3,121,742 | |
Devon Energy Corp. | 110,503 | 6,988,210 | |
Diamondback Energy, Inc. | 22,242 | 3,250,001 | |
EOG Resources, Inc. | 89,433 | 11,827,514 | |
EQT Corp. | 66,062 | 2,158,246 | |
Exxon Mobil Corp. | 496,494 | 57,598,259 | |
Hess Corp. | 52,929 | 7,947,819 | |
HF Sinclair Corp. | 15,870 | 903,003 | |
Kinder Morgan, Inc. | 25,910 | 474,153 | |
Marathon Oil Corp. | 125,716 | 3,453,419 | |
Marathon Petroleum Corp. | 105,245 | 13,526,087 | |
Occidental Petroleum Corp. | 196,466 | 12,729,032 | |
ONEOK, Inc. | 14,226 | 974,196 | |
Ovintiv, Inc. | 16,365 | 805,649 | |
Phillips 66 Co. | 59,476 | 5,963,659 | |
Pioneer Natural Resources Co. | 28,971 | 6,673,470 | |
Targa Resources Corp. | 28,196 | 2,115,264 | |
Texas Pacific Land Corp. (b) | 1,467 | 2,927,912 | |
The Williams Companies, Inc. | 154,405 | 4,978,017 | |
Valero Energy Corp. | 75,029 | 10,506,311 | |
253,260,667 | |||
TOTAL ENERGY | 271,669,209 | ||
FINANCIALS - 7.5% | |||
Banks - 0.3% | |||
First Citizens Bancshares, Inc. | 580 | 451,054 | |
First Horizon National Corp. | 38,412 | 949,929 | |
M&T Bank Corp. | 12,884 | 2,009,904 | |
3,410,887 | |||
Capital Markets - 1.5% | |||
Ameriprise Financial, Inc. | 6,004 | 2,102,120 | |
Cboe Global Markets, Inc. | 1,976 | 242,811 | |
Charles Schwab Corp. | 87,061 | 6,740,263 | |
FactSet Research Systems, Inc. | 2,943 | 1,244,712 | |
LPL Financial | 14,528 | 3,444,879 | |
NASDAQ, Inc. | 7,200 | 433,368 | |
Raymond James Financial, Inc. | 23,036 | 2,597,770 | |
16,805,923 | |||
Diversified Financial Services - 0.5% | |||
Berkshire Hathaway, Inc. Class B (a) | 16,577 | 5,164,067 | |
Insurance - 5.2% | |||
AFLAC, Inc. | 54,841 | 4,030,814 | |
Allstate Corp. | 3,513 | 451,315 | |
American Financial Group, Inc. | 5,486 | 782,249 | |
Aon PLC | 3,727 | 1,187,720 | |
Arch Capital Group Ltd. (a) | 47,015 | 3,025,415 | |
Arthur J. Gallagher & Co. | 32,071 | 6,276,936 | |
Assurant, Inc. | 1,344 | 178,201 | |
Brown & Brown, Inc. | 12,226 | 715,955 | |
Chubb Ltd. | 36,434 | 8,288,371 | |
Erie Indemnity Co. Class A | 5,462 | 1,334,640 | |
Everest Re Group Ltd. | 2,865 | 1,001,862 | |
Globe Life, Inc. | 9,579 | 1,157,622 | |
Marsh & McLennan Companies, Inc. | 33,643 | 5,884,497 | |
MetLife, Inc. | 27,094 | 1,978,404 | |
Principal Financial Group, Inc. | 23,569 | 2,181,311 | |
Progressive Corp. | 101,005 | 13,772,032 | |
The Travelers Companies, Inc. | 17,863 | 3,413,977 | |
W.R. Berkley Corp. | 33,336 | 2,338,187 | |
Willis Towers Watson PLC | 4,418 | 1,123,011 | |
59,122,519 | |||
TOTAL FINANCIALS | 84,503,396 | ||
HEALTH CARE - 31.0% | |||
Biotechnology - 8.1% | |||
AbbVie, Inc. | 193,044 | 28,522,251 | |
Alnylam Pharmaceuticals, Inc. (a) | 17,949 | 4,063,654 | |
Amgen, Inc. | 51,526 | 13,005,162 | |
Biogen, Inc. (a) | 15,069 | 4,383,572 | |
BioMarin Pharmaceutical, Inc. (a) | 17,672 | 2,038,465 | |
Gilead Sciences, Inc. | 149,483 | 12,547,603 | |
Horizon Therapeutics PLC (a) | 5,972 | 655,248 | |
Neurocrine Biosciences, Inc. (a) | 15,616 | 1,732,283 | |
Regeneron Pharmaceuticals, Inc. (a) | 9,514 | 7,216,084 | |
Seagen, Inc. (a) | 4,059 | 566,149 | |
Vertex Pharmaceuticals, Inc. (a) | 53,258 | 17,207,660 | |
91,938,131 | |||
Health Care Equipment & Supplies - 0.5% | |||
Boston Scientific Corp. (a) | 60,576 | 2,801,640 | |
DexCom, Inc. (a) | 17,192 | 1,841,091 | |
Insulet Corp. (a) | 3,186 | 915,402 | |
5,558,133 | |||
Health Care Providers & Services - 11.0% | |||
AmerisourceBergen Corp. | 22,679 | 3,831,844 | |
Cardinal Health, Inc. | 54,240 | 4,190,040 | |
Centene Corp. (a) | 59,527 | 4,538,338 | |
Cigna Corp. | 61,445 | 19,457,788 | |
CVS Health Corp. | 89,596 | 7,904,159 | |
Elevance Health, Inc. | 31,301 | 15,650,187 | |
HCA Holdings, Inc. | 5,847 | 1,491,394 | |
Humana, Inc. | 16,008 | 8,191,294 | |
McKesson Corp. | 35,030 | 13,265,160 | |
Molina Healthcare, Inc. (a) | 6,621 | 2,064,626 | |
UnitedHealth Group, Inc. | 86,108 | 42,984,253 | |
Universal Health Services, Inc. Class B | 1,845 | 273,447 | |
123,842,530 | |||
Life Sciences Tools & Services - 0.2% | |||
Agilent Technologies, Inc. | 12,047 | 1,832,108 | |
Pharmaceuticals - 11.2% | |||
Bristol-Myers Squibb Co. | 213,036 | 15,477,065 | |
Eli Lilly & Co. | 150,652 | 51,846,886 | |
Jazz Pharmaceuticals PLC (a) | 4,124 | 646,066 | |
Johnson & Johnson | 31,033 | 5,071,413 | |
Merck & Co., Inc. | 425,410 | 45,693,288 | |
Pfizer, Inc. | 172,280 | 7,607,885 | |
Royalty Pharma PLC | 15,458 | 605,799 | |
126,948,402 | |||
TOTAL HEALTH CARE | 350,119,304 | ||
INDUSTRIALS - 8.6% | |||
Aerospace & Defense - 3.6% | |||
General Dynamics Corp. | 29,663 | 6,913,259 | |
HEICO Corp. (b) | 2,902 | 496,097 | |
HEICO Corp. Class A | 1,580 | 211,214 | |
Howmet Aerospace, Inc. | 17,825 | 725,299 | |
Huntington Ingalls Industries, Inc. | 5,911 | 1,303,612 | |
L3Harris Technologies, Inc. | 4,328 | 929,741 | |
Lockheed Martin Corp. | 29,200 | 13,527,192 | |
Northrop Grumman Corp. | 29,974 | 13,429,551 | |
Raytheon Technologies Corp. | 28,736 | 2,869,290 | |
40,405,255 | |||
Air Freight & Logistics - 0.1% | |||
C.H. Robinson Worldwide, Inc. | 9,646 | 966,240 | |
Building Products - 0.2% | |||
Carlisle Companies, Inc. | 5,855 | 1,468,785 | |
Trane Technologies PLC | 3,966 | 710,390 | |
2,179,175 | |||
Commercial Services & Supplies - 0.9% | |||
Republic Services, Inc. | 18,082 | 2,256,995 | |
Rollins, Inc. | 20,697 | 753,371 | |
Waste Connections, Inc. (United States) | 16,017 | 2,128,659 | |
Waste Management, Inc. | 36,009 | 5,571,673 | |
10,710,698 | |||
Construction & Engineering - 0.3% | |||
Quanta Services, Inc. | 24,292 | 3,696,999 | |
Electrical Equipment - 0.3% | |||
AMETEK, Inc. | 9,125 | 1,322,395 | |
Emerson Electric Co. | 13,708 | 1,236,736 | |
Hubbell, Inc. Class B | 4,614 | 1,056,191 | |
3,615,322 | |||
Industrial Conglomerates - 0.3% | |||
Honeywell International, Inc. | 15,982 | 3,331,927 | |
Machinery - 1.9% | |||
Caterpillar, Inc. | 25,289 | 6,380,162 | |
Cummins, Inc. | 10,840 | 2,705,014 | |
Deere & Co. | 16,090 | 6,803,496 | |
IDEX Corp. | 6,470 | 1,550,730 | |
PACCAR, Inc. | 31,921 | 3,489,285 | |
Snap-On, Inc. | 953 | 237,040 | |
Xylem, Inc. | 8,260 | 859,123 | |
22,024,850 | |||
Professional Services - 0.4% | |||
Booz Allen Hamilton Holding Corp. Class A | 22,446 | 2,124,289 | |
CoStar Group, Inc. (a) | 23,795 | 1,853,631 | |
Leidos Holdings, Inc. | 5,467 | 540,358 | |
4,518,278 | |||
Road & Rail - 0.1% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 2,555 | 151,001 | |
Old Dominion Freight Lines, Inc. | 1,770 | 589,835 | |
U-Haul Holding Co. (non-vtg.) | 1,422 | 87,865 | |
828,701 | |||
Trading Companies & Distributors - 0.5% | |||
United Rentals, Inc. | 2,000 | 881,900 | |
W.W. Grainger, Inc. | 7,186 | 4,236,003 | |
5,117,903 | |||
TOTAL INDUSTRIALS | 97,395,348 | ||
INFORMATION TECHNOLOGY - 4.9% | |||
Communications Equipment - 0.6% | |||
Arista Networks, Inc. (a) | 25,038 | 3,155,289 | |
Juniper Networks, Inc. | 4,291 | 138,599 | |
Motorola Solutions, Inc. | 12,172 | 3,128,326 | |
6,422,214 | |||
Electronic Equipment & Components - 0.1% | |||
Keysight Technologies, Inc. (a) | 7,444 | 1,335,081 | |
IT Services - 1.9% | |||
Automatic Data Processing, Inc. | 57,250 | 12,927,623 | |
Broadridge Financial Solutions, Inc. | 3,047 | 458,147 | |
EPAM Systems, Inc. (a) | 3,311 | 1,101,404 | |
Gartner, Inc. (a) | 6,304 | 2,131,635 | |
IBM Corp. | 15,793 | 2,127,791 | |
Jack Henry & Associates, Inc. | 8,102 | 1,459,089 | |
Paychex, Inc. | 14,009 | 1,623,083 | |
21,828,772 | |||
Semiconductors & Semiconductor Equipment - 1.2% | |||
Enphase Energy, Inc. (a) | 26,227 | 5,806,133 | |
First Solar, Inc. (a) | 12,075 | 2,144,520 | |
KLA Corp. | 2,493 | 978,453 | |
onsemi (a) | 63,546 | 4,667,454 | |
SolarEdge Technologies, Inc. (a) | 1,660 | 529,756 | |
14,126,316 | |||
Software - 1.1% | |||
Aspen Technology, Inc. (a) | 1,567 | 311,441 | |
Black Knight, Inc. (a) | 3,330 | 201,765 | |
Cadence Design Systems, Inc. (a) | 24,357 | 4,453,190 | |
Fair Isaac Corp. (a) | 2,436 | 1,622,254 | |
Fortinet, Inc. (a) | 11,702 | 612,483 | |
Palo Alto Networks, Inc. (a)(b) | 15,903 | 2,522,852 | |
Synopsys, Inc. (a) | 7,000 | 2,476,250 | |
12,200,235 | |||
TOTAL INFORMATION TECHNOLOGY | 55,912,618 | ||
MATERIALS - 2.7% | |||
Chemicals - 1.9% | |||
Air Products & Chemicals, Inc. | 10,286 | 3,296,766 | |
Albemarle Corp. | 10,006 | 2,816,189 | |
CF Industries Holdings, Inc. | 40,119 | 3,398,079 | |
Corteva, Inc. | 120,996 | 7,798,192 | |
FMC Corp. | 8,777 | 1,168,482 | |
RPM International, Inc. | 11,252 | 1,011,667 | |
The Mosaic Co. | 39,988 | 1,981,006 | |
21,470,381 | |||
Containers & Packaging - 0.0% | |||
Amcor PLC | 32,149 | 387,717 | |
Metals & Mining - 0.8% | |||
Nucor Corp. | 28,883 | 4,881,805 | |
Steel Dynamics, Inc. | 31,035 | 3,744,062 | |
8,625,867 | |||
TOTAL MATERIALS | 30,483,965 | ||
REAL ESTATE - 0.5% | |||
Equity Real Estate Investment Trusts (REITs) - 0.5% | |||
Extra Space Storage, Inc. | 4,747 | 749,219 | |
Gaming & Leisure Properties | 4,542 | 243,270 | |
Host Hotels & Resorts, Inc. | 11,294 | 212,892 | |
Iron Mountain, Inc. | 14,136 | 771,543 | |
VICI Properties, Inc. | 82,650 | 2,824,977 | |
WP Carey, Inc. | 4,237 | 362,391 | |
5,164,292 | |||
UTILITIES - 3.7% | |||
Electric Utilities - 2.1% | |||
American Electric Power Co., Inc. | 32,387 | 3,043,083 | |
Constellation Energy Corp. | 70,280 | 5,999,101 | |
Edison International | 23,616 | 1,627,142 | |
Exelon Corp. | 69,480 | 2,931,361 | |
FirstEnergy Corp. | 7,198 | 294,758 | |
NRG Energy, Inc. | 10,177 | 348,257 | |
PG&E Corp. (a) | 187,130 | 2,975,367 | |
Southern Co. | 79,595 | 5,386,990 | |
Xcel Energy, Inc. | 13,355 | 918,423 | |
23,524,482 | |||
Gas Utilities - 0.1% | |||
Atmos Energy Corp. | 14,370 | 1,689,050 | |
Independent Power and Renewable Electricity Producers - 0.2% | |||
The AES Corp. | 68,533 | 1,878,490 | |
Vistra Corp. | 36,354 | 838,323 | |
2,716,813 | |||
Multi-Utilities - 1.3% | |||
CenterPoint Energy, Inc. | 62,425 | 1,880,241 | |
Consolidated Edison, Inc. | 42,395 | 4,040,667 | |
DTE Energy Co. | 4,091 | 476,070 | |
NiSource, Inc. | 19,114 | 530,414 | |
Sempra Energy | 41,398 | 6,637,341 | |
WEC Energy Group, Inc. | 8,248 | 775,230 | |
14,339,963 | |||
TOTAL UTILITIES | 42,270,308 | ||
TOTAL COMMON STOCKS (Cost $938,550,035) | 1,126,903,005 | ||
U.S. Treasury Obligations - 0.1% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $294,373) | 300,000 | 294,368 | |
Money Market Funds - 0.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (e) | 883,210 | 883,387 | |
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 4,822,943 | 4,823,425 | |
TOTAL MONEY MARKET FUNDS (Cost $5,706,812) | 5,706,812 | ||
TOTAL INVESTMENT IN SECURITIES - 100.4% (Cost $944,551,220) | 1,132,904,185 |
NET OTHER ASSETS (LIABILITIES) - (0.4)% | (4,025,286) |
NET ASSETS - 100.0% | 1,128,878,899 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 9 | Mar 2023 | 1,840,500 | 51,869 | 51,869 |
The notional amount of futures purchased as a percentage of Net Assets is 0.2% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $112,841. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 4,991,361 | 74,750,397 | 78,858,371 | 38,329 | - | - | 883,387 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 2,360,785 | 37,119,570 | 34,656,930 | 17,514 | - | - | 4,823,425 | 0.0% |
Total | 7,352,146 | 111,869,967 | 113,515,301 | 55,843 | - | - | 5,706,812 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 20,014,929 | 20,014,929 | - | - |
Consumer Discretionary | 61,405,363 | 61,405,363 | - | - |
Consumer Staples | 107,964,273 | 107,964,273 | - | - |
Energy | 271,669,209 | 271,669,209 | - | - |
Financials | 84,503,396 | 84,503,396 | - | - |
Health Care | 350,119,304 | 350,119,304 | - | - |
Industrials | 97,395,348 | 97,395,348 | - | - |
Information Technology | 55,912,618 | 55,912,618 | - | - |
Materials | 30,483,965 | 30,483,965 | - | - |
Real Estate | 5,164,292 | 5,164,292 | - | - |
Utilities | 42,270,308 | 42,270,308 | - | - |
U.S. Government and Government Agency Obligations | 294,368 | - | 294,368 | - |
Money Market Funds | 5,706,812 | 5,706,812 | - | - |
Total Investments in Securities: | 1,132,904,185 | 1,132,609,817 | 294,368 | - |
Derivative Instruments: | �� | |||
Assets | ||||
Futures Contracts | 51,869 | 51,869 | - | - |
Total Assets | 51,869 | 51,869 | - | - |
Total Derivative Instruments: | 51,869 | 51,869 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 51,869 | 0 |
Total Equity Risk | 51,869 | 0 |
Total Value of Derivatives | 51,869 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $4,762,735) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $938,844,408) | $ | 1,127,197,373 | ||
Fidelity Central Funds (cost $5,706,812) | 5,706,812 | |||
Total Investment in Securities (cost $944,551,220) | $ | 1,132,904,185 | ||
Receivable for investments sold | 78,606,627 | |||
Receivable for fund shares sold | 175,032 | |||
Dividends receivable | 904,766 | |||
Distributions receivable from Fidelity Central Funds | 2,194 | |||
Receivable for daily variation margin on futures contracts | 28,763 | |||
Prepaid expenses | 3,594 | |||
Total assets | 1,212,625,161 | |||
Liabilities | ||||
Payable for investments purchased | $ | 78,338,773 | ||
Payable for fund shares redeemed | 436,418 | |||
Accrued management fee | 93,924 | |||
Other payables and accrued expenses | 53,722 | |||
Collateral on securities loaned | 4,823,425 | |||
Total Liabilities | 83,746,262 | |||
Net Assets | $ | 1,128,878,899 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,033,113,213 | ||
Total accumulated earnings (loss) | 95,765,686 | |||
Net Assets | $ | 1,128,878,899 | ||
Net Asset Value , offering price and redemption price per share ($1,128,878,899 ÷ 81,476,616 shares) | $ | 13.86 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 34,661,646 | ||
Interest | 3,848 | |||
Income from Fidelity Central Funds (including $17,514 from security lending) | 55,843 | |||
Total Income | 34,721,337 | |||
Expenses | ||||
Management fee | $ | 1,464,333 | ||
Custodian fees and expenses | 36,928 | |||
Independent trustees' fees and expenses | 6,836 | |||
Registration fees | 30,908 | |||
Audit | 27,847 | |||
Legal | 3,857 | |||
Interest | 42,483 | |||
Miscellaneous | 11,036 | |||
Total Expenses | 1,624,228 | |||
Net Investment income (loss) | 33,097,109 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 113,919,467 | |||
Futures contracts | 169,972 | |||
Total net realized gain (loss) | 114,089,439 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (101,876,047) | |||
Futures contracts | (615,371) | |||
Total change in net unrealized appreciation (depreciation) | (102,491,418) | |||
Net gain (loss) | 11,598,021 | |||
Net increase (decrease) in net assets resulting from operations | $ | 44,695,130 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 33,097,109 | $ | 42,515,461 |
Net realized gain (loss) | 114,089,439 | (109,569,656) | ||
Change in net unrealized appreciation (depreciation) | (102,491,418) | (275,243,396) | ||
Net increase (decrease) in net assets resulting from operations | 44,695,130 | (342,297,591) | ||
Distributions to shareholders | (61,615,588) | (545,772,044) | ||
Share transactions | ||||
Proceeds from sales of shares | 41,450,493 | 2,470,011,092 | ||
Reinvestment of distributions | 60,451,730 | 528,193,833 | ||
Cost of shares redeemed | (3,480,338,243) | (494,759,472) | ||
Net increase (decrease) in net assets resulting from share transactions | (3,378,436,020) | 2,503,445,453 | ||
Total increase (decrease) in net assets | (3,395,356,478) | 1,615,375,818 | ||
Net Assets | ||||
Beginning of period | 4,524,235,377 | 2,908,859,559 | ||
End of period | $ | 1,128,878,899 | $ | 4,524,235,377 |
Other Information | ||||
Shares | ||||
Sold | 3,021,722 | 172,552,413 | ||
Issued in reinvestment of distributions | 4,354,609 | 31,671,872 | ||
Redeemed | (250,149,598) | (32,697,591) | ||
Net increase (decrease) | (242,773,267) | 171,526,694 | ||
Fidelity® SAI U.S. Momentum Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.95 | $ | 19.05 | $ | 15.74 | $ | 13.77 | $ | 13.31 | $ | 10.98 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .19 | .10 | .19 | .20 | .15 | ||||||
Net realized and unrealized gain (loss) | .04 C | (1.81) | 4.66 | 2.07 | .71 D | 2.29 | ||||||
Total from investment operations | .20 | (1.62) | 4.76 | 2.26 | .91 | 2.44 | ||||||
Distributions from net investment income | (.29) | (.10) | (.18) | (.22) | (.12) | (.06) | ||||||
Distributions from net realized gain | - | (3.38) | (1.27) | (.08) | (.33) | (.04) | ||||||
Total distributions | (.29) | (3.48) | (1.45) | (.29) E | (.45) | (.11) E | ||||||
Net asset value, end of period | $ | 13.86 | $ | 13.95 | $ | 19.05 | $ | 15.74 | $ | 13.77 | $ | 13.31 |
Total Return F,G | 1.45% C | (11.06)% | 32.98% | 16.76% | 6.94% D | 22.33% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .11% J | .11% | .11% | .11% | .21% | .23% | ||||||
Expenses net of fee waivers, if any | .11% J | .11% | .11% | .11% | .15% | .15% | ||||||
Expenses net of all reductions | .11% J | .11% | .11% | .11% | .15% | .15% | ||||||
Net investment income (loss) | 2.23% J | 1.25% | .58% | 1.36% | 1.54% | 1.19% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,128,879 | $ | 4,524,235 | $ | 2,908,860 | $ | 1,798,387 | $ | 3,655,491 | $ | 2,512,747 |
Portfolio turnover rate K | 85% J | 138% | 128% | 163% | 161% | 153% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $191,520,929 |
Gross unrealized depreciation | (6,363,608) |
Net unrealized appreciation (depreciation) | $185,157,321 |
Tax cost | $947,798,733 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI U.S. Momentum Index Fund | 1,242,062,737 | 4,627,697,845 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Momentum Index Fund | Borrower | $60,153,333 | 2.83% | $42,483 |
Amount | |
Fidelity SAI U.S. Momentum Index Fund | $4,833 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity SAI U.S. Momentum Index Fund | $1,717 | $268 | $- |
Strategic Advisers Fidelity U.S. Total Stock Fund | |
Fidelity SAI U.S. Momentum Index Fund | 46% |
Fund | % of shares held |
Fidelity SAI U.S. Momentum Index Fund | 47% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® SAI U.S. Momentum Index Fund | .11% | |||||||||
Actual | $ 1,000 | $ 1,014.50 | $ .56 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.65 | $ .56 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Prologis (REIT), Inc. | 8.7 | |
American Tower Corp. | 7.5 | |
Equinix, Inc. | 4.9 | |
Crown Castle International Corp. | 4.6 | |
Public Storage | 3.5 | |
Simon Property Group, Inc. | 3.1 | |
Realty Income Corp. | 3.0 | |
Welltower, Inc. | 2.5 | |
VICI Properties, Inc. | 2.4 | |
Digital Realty Trust, Inc. | 2.4 | |
42.6 | ||
Top Five REIT Sectors (% of Fund's net assets) | ||
REITs - Diversified | 23.3 | |
REITs - Warehouse/Industrial | 11.6 | |
REITs - Management/Investment | 10.9 | |
REITs - Apartments | 10.6 | |
REITs - Storage | 7.9 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 0.2% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.6% | |||
Shares | Value ($) | ||
Equity Real Estate Investment Trusts (REITs) - 94.6% | |||
REITs - Apartments - 10.6% | |||
American Homes 4 Rent Class A | 596,966 | 20,469,964 | |
Apartment Investment & Management Co. Class A | 276,606 | 2,077,311 | |
AvalonBay Communities, Inc. | 266,640 | 47,312,602 | |
Camden Property Trust (SBI) | 193,994 | 23,902,001 | |
Centerspace | 29,818 | 2,016,293 | |
Equity Residential (SBI) | 681,446 | 43,374,038 | |
Essex Property Trust, Inc. | 124,695 | 28,189,799 | |
Independence Realty Trust, Inc. | 435,354 | 8,197,716 | |
Invitation Homes, Inc. | 1,167,660 | 37,948,950 | |
Mid-America Apartment Communities, Inc. | 220,854 | 36,820,731 | |
UDR, Inc. | 607,581 | 25,876,875 | |
276,186,280 | |||
REITs - Diversified - 23.3% | |||
Alexander & Baldwin, Inc. | 133,638 | 2,675,433 | |
Apartment Income (REIT) Corp. | 298,490 | 11,420,227 | |
Apple Hospitality (REIT), Inc. | 414,629 | 7,351,372 | |
Armada Hoffler Properties, Inc. | 134,150 | 1,701,022 | |
Broadstone Net Lease, Inc. | 326,384 | 5,910,814 | |
Cousins Properties, Inc. | 286,860 | 7,865,701 | |
Crown Castle International Corp. | 803,701 | 119,036,155 | |
Digital Realty Trust, Inc. | 543,177 | 62,258,948 | |
Elme Communities (SBI) | 160,644 | 3,084,365 | |
EPR Properties | 143,040 | 6,076,339 | |
Equinix, Inc. (a) | 173,211 | 127,852,235 | |
Gaming & Leisure Properties | 483,074 | 25,873,443 | |
Gladstone Commercial Corp. | 75,324 | 1,279,755 | |
Gladstone Land Corp. | 64,363 | 1,257,653 | |
Global Net Lease, Inc. | 195,687 | 2,925,521 | |
InvenTrust Properties Corp. | 128,720 | 3,201,266 | |
Lamar Advertising Co. Class A | 165,999 | 17,685,533 | |
Necessity Retail (REIT), Inc./The | 251,902 | 1,720,491 | |
NexPoint Diversified Real Estate Trust | 8,080 | 105,767 | |
NexPoint Residential Trust, Inc. | 44,985 | 2,271,743 | |
One Liberty Properties, Inc. | 34,588 | 833,917 | |
Outfront Media, Inc. | 276,087 | 5,494,131 | |
Potlatch Corp. | 155,421 | 7,607,858 | |
Safehold, Inc. | 50,658 | 1,771,004 | |
SBA Communications Corp. Class A | 205,016 | 60,998,410 | |
Store Capital Corp. | 471,815 | 15,197,161 | |
Uniti Group, Inc. | 485,275 | 3,197,962 | |
VICI Properties, Inc. | 1,832,410 | 62,631,774 | |
Vornado Realty Trust | 312,531 | 7,622,631 | |
WP Carey, Inc. | 365,708 | 31,279,005 | |
608,187,636 | |||
REITs - Health Care - 7.2% | |||
CareTrust (REIT), Inc. | 186,250 | 3,859,100 | |
Community Healthcare Trust, Inc. | 47,919 | 2,054,767 | |
Diversified Healthcare Trust (SBI) | 483,669 | 382,776 | |
Global Medical REIT, Inc. | 133,009 | 1,493,691 | |
Healthcare Trust of America, Inc. | 724,129 | 15,590,497 | |
Healthpeak Properties, Inc. | 1,026,145 | 28,198,465 | |
LTC Properties, Inc. | 72,147 | 2,752,408 | |
Medical Properties Trust, Inc. (a) | 1,151,096 | 14,906,693 | |
Physicians Realty Trust | 426,949 | 6,771,411 | |
Sabra Health Care REIT, Inc. | 438,316 | 5,917,266 | |
Universal Health Realty Income Trust (SBI) | 25,413 | 1,392,887 | |
Ventas, Inc. | 757,922 | 39,267,939 | |
Welltower, Inc. | 862,993 | 64,758,995 | |
187,346,895 | |||
REITs - Health Care Facilities - 0.7% | |||
National Health Investors, Inc. | 86,292 | 5,076,558 | |
Omega Healthcare Investors, Inc. | 448,739 | 13,210,876 | |
18,287,434 | |||
REITs - Hotels - 2.6% | |||
Chatham Lodging Trust | 87,081 | 1,237,421 | |
DiamondRock Hospitality Co. | 409,421 | 3,942,724 | |
Host Hotels & Resorts, Inc. | 1,362,555 | 25,684,162 | |
Park Hotels & Resorts, Inc. | 447,237 | 6,578,856 | |
Pebblebrook Hotel Trust | 254,604 | 4,175,506 | |
RLJ Lodging Trust | 317,072 | 3,985,595 | |
Ryman Hospitality Properties, Inc. | 100,094 | 9,297,732 | |
Service Properties Trust | 320,165 | 2,852,670 | |
Summit Hotel Properties, Inc. | 209,613 | 1,785,903 | |
Sunstone Hotel Investors, Inc. | 412,152 | 4,529,550 | |
Xenia Hotels & Resorts, Inc. | 220,641 | 3,287,551 | |
67,357,670 | |||
REITs - Industrial Buildings - 0.5% | |||
Stag Industrial, Inc. | 345,500 | 12,299,800 | |
REITs - Management/Investment - 10.9% | |||
American Assets Trust, Inc. | 97,615 | 2,778,123 | |
American Tower Corp. | 876,754 | 195,858,076 | |
Empire State Realty Trust, Inc. | 271,468 | 2,264,043 | |
iStar Financial, Inc. | 161,504 | 1,498,757 | |
LXP Industrial Trust (REIT) | 545,823 | 6,304,256 | |
National Retail Properties, Inc. | 326,081 | 15,439,935 | |
Rayonier, Inc. | 277,105 | 10,083,851 | |
UMH Properties, Inc. | 104,170 | 1,866,726 | |
Weyerhaeuser Co. | 1,420,807 | 48,918,385 | |
285,012,152 | |||
REITs - Manufactured Homes - 2.3% | |||
Equity Lifestyle Properties, Inc. | 334,787 | 24,031,011 | |
Sun Communities, Inc. | 232,268 | 36,433,558 | |
60,464,569 | |||
REITs - Office Buildings - 0.1% | |||
Office Properties Income Trust | 98,315 | 1,687,085 | |
REITs - Office Property - 4.8% | |||
Alexandria Real Estate Equities, Inc. | 295,651 | 47,522,942 | |
Boston Properties, Inc. | 283,921 | 21,163,471 | |
Brandywine Realty Trust (SBI) | 348,756 | 2,287,839 | |
City Office REIT, Inc. | 81,303 | 800,022 | |
Corporate Office Properties Trust (SBI) | 212,483 | 5,964,398 | |
Douglas Emmett, Inc. | 340,405 | 5,701,784 | |
Easterly Government Properties, Inc. | 169,301 | 2,749,448 | |
Equity Commonwealth | 196,218 | 5,007,483 | |
Franklin Street Properties Corp. | 198,768 | 612,205 | |
Highwoods Properties, Inc. (SBI) | 203,819 | 6,189,983 | |
Hudson Pacific Properties, Inc. | 276,207 | 3,145,998 | |
JBG SMITH Properties | 206,796 | 4,164,871 | |
Kilroy Realty Corp. | 201,241 | 8,258,931 | |
Orion Office (REIT), Inc. | 105,246 | 1,015,624 | |
Paramount Group, Inc. | 330,060 | 2,128,887 | |
Piedmont Office Realty Trust, Inc. Class A | 241,007 | 2,554,674 | |
SL Green Realty Corp. | 123,047 | 5,063,384 | |
Veris Residential, Inc. (b) | 146,489 | 2,534,260 | |
126,866,204 | |||
REITs - Regional Malls - 3.5% | |||
CBL & Associates Properties, Inc. | 24,327 | 648,315 | |
Simon Property Group, Inc. | 624,359 | 80,205,157 | |
Tanger Factory Outlet Centers, Inc. | 200,545 | 3,832,415 | |
The Macerich Co. | 412,297 | 5,664,961 | |
90,350,848 | |||
REITs - Shopping Centers - 7.2% | |||
Acadia Realty Trust (SBI) | 174,513 | 2,710,187 | |
Alexanders, Inc. | 4,035 | 957,425 | |
Brixmor Property Group, Inc. | 568,910 | 13,386,452 | |
Federal Realty Investment Trust (SBI) | 136,260 | 15,197,078 | |
Kimco Realty Corp. | 1,177,565 | 26,448,110 | |
Kite Realty Group Trust | 421,664 | 9,150,109 | |
Phillips Edison & Co., Inc. | 219,962 | 7,373,126 | |
Realty Income Corp. | 1,153,720 | 78,256,828 | |
Regency Centers Corp. | 294,987 | 19,654,984 | |
Retail Opportunity Investments Corp. | 237,959 | 3,766,891 | |
RPT Realty | 164,586 | 1,724,861 | |
Saul Centers, Inc. | 26,660 | 1,141,315 | |
SITE Centers Corp. | 373,381 | 5,096,651 | |
Urban Edge Properties | 227,323 | 3,580,337 | |
Urstadt Biddle Properties, Inc. Class A | 54,484 | 1,023,210 | |
189,467,564 | |||
REITs - Single Tenant - 1.4% | |||
Agree Realty Corp. | 142,516 | 10,635,969 | |
Essential Properties Realty Trust, Inc. | 255,417 | 6,508,025 | |
Four Corners Property Trust, Inc. | 150,862 | 4,338,791 | |
Getty Realty Corp. | 73,389 | 2,673,561 | |
NETSTREIT Corp. (a) | 99,849 | 2,009,960 | |
Spirit Realty Capital, Inc. | 255,373 | 11,205,767 | |
37,372,073 | |||
REITs - Storage - 7.9% | |||
CubeSmart | 430,021 | 19,690,662 | |
Extra Space Storage, Inc. | 256,152 | 40,428,470 | |
Iron Mountain, Inc. | 551,582 | 30,105,346 | |
Life Storage, Inc. | 162,005 | 17,503,020 | |
National Storage Affiliates Trust | 171,744 | 7,007,155 | |
Public Storage | 300,641 | 91,497,082 | |
206,231,735 | |||
REITs - Warehouse/Industrial - 11.6% | |||
Americold Realty Trust | 512,012 | 16,082,297 | |
EastGroup Properties, Inc. | 80,397 | 13,526,795 | |
First Industrial Realty Trust, Inc. | 252,013 | 13,444,894 | |
Industrial Logistics Properties Trust | 143,591 | 633,236 | |
Plymouth Industrial REIT, Inc. | 83,292 | 1,864,075 | |
Prologis (REIT), Inc. | 1,757,106 | 227,158,660 | |
Rexford Industrial Realty, Inc. | 319,427 | 20,274,032 | |
Terreno Realty Corp. | 146,517 | 9,440,090 | |
302,424,079 | |||
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) | 2,469,542,024 | ||
Real Estate Management & Development - 5.0% | |||
Diversified Real Estate Activities - 0.1% | |||
The RMR Group, Inc. | 27,130 | 841,573 | |
The St. Joe Co. | 63,169 | 2,975,260 | |
3,816,833 | |||
Real Estate Development - 0.3% | |||
Forestar Group, Inc. (b) | 36,293 | 540,040 | |
Howard Hughes Corp. (b) | 72,665 | 6,212,131 | |
6,752,171 | |||
Real Estate Operating Companies - 0.4% | |||
Digitalbridge Group, Inc. | 292,337 | 4,326,588 | |
FRP Holdings, Inc. (b) | 8,209 | 461,100 | |
Kennedy-Wilson Holdings, Inc. | 228,629 | 4,087,887 | |
WeWork, Inc. (a)(b) | 367,099 | 583,687 | |
9,459,262 | |||
Real Estate Services - 4.2% | |||
Anywhere Real Estate, Inc. (b) | 222,676 | 1,888,292 | |
CBRE Group, Inc. (b) | 619,907 | 53,008,248 | |
Compass, Inc. (b) | 469,625 | 1,887,893 | |
Cushman & Wakefield PLC (b) | 282,527 | 4,076,865 | |
Doma Holdings, Inc. Class A (a)(b) | 299,063 | 212,335 | |
Douglas Elliman, Inc. | 154,513 | 720,031 | |
eXp World Holdings, Inc. (a) | 142,627 | 2,223,555 | |
Jones Lang LaSalle, Inc. (b) | 92,405 | 17,082,912 | |
Marcus & Millichap, Inc. | 46,486 | 1,684,653 | |
Newmark Group, Inc. | 315,647 | 2,705,095 | |
Offerpad Solutions, Inc. (a)(b) | 146,122 | 134,067 | |
Opendoor Technologies, Inc. (a)(b) | 820,175 | 1,796,183 | |
RE/MAX Holdings, Inc. | 33,947 | 774,331 | |
Redfin Corp. (a)(b) | 199,586 | 1,492,903 | |
Zillow Group, Inc.: | |||
Class A (b) | 104,750 | 4,500,060 | |
Class C (a)(b) | 320,508 | 14,169,659 | |
108,357,082 | |||
REITs - Shopping Centers - 0.0% | |||
Seritage Growth Properties (a)(b) | 68,202 | 828,654 | |
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT | 129,214,002 | ||
TOTAL COMMON STOCKS (Cost $2,314,809,012) | 2,598,756,026 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $588,746) | 600,000 | 588,736 | |
Money Market Funds - 1.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (e) | 4,507,136 | 4,508,037 | |
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 24,224,957 | 24,227,380 | |
TOTAL MONEY MARKET FUNDS (Cost $28,735,417) | 28,735,417 | ||
TOTAL INVESTMENT IN SECURITIES - 100.7% (Cost $2,344,133,175) | 2,628,080,179 |
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (19,013,612) |
NET ASSETS - 100.0% | 2,609,066,567 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CBOT Dow Jones U.S. Real Estate Index Contracts (United States) | 105 | Mar 2023 | 3,784,200 | 225,486 | 225,486 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 24 | Mar 2023 | 6,390,960 | 160,204 | 160,204 |
TOTAL FUTURES CONTRACTS | 385,690 | ||||
The notional amount of futures purchased as a percentage of Net Assets is 0.4% |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $535,749. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 10,489,960 | 193,488,543 | 199,470,466 | 74,248 | - | - | 4,508,037 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 21,330,991 | 93,695,064 | 90,798,675 | 47,544 | - | - | 24,227,380 | 0.1% |
Total | 31,820,951 | 287,183,607 | 290,269,141 | 121,792 | - | - | 28,735,417 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 2,598,756,026 | 2,598,756,026 | - | - |
U.S. Treasury Obligations | 588,736 | - | 588,736 | - |
Money Market Funds | 28,735,417 | 28,735,417 | - | - |
Total Investments in Securities: | 2,628,080,179 | 2,627,491,443 | 588,736 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 385,690 | 385,690 | - | - |
Total Assets | 385,690 | 385,690 | - | - |
Total Derivative Instruments: | 385,690 | 385,690 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 385,690 | 0 |
Total Equity Risk | 385,690 | 0 |
Total Value of Derivatives | 385,690 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $23,740,413) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,315,397,758) | $ | 2,599,344,762 | ||
Fidelity Central Funds (cost $28,735,417) | 28,735,417 | |||
Total Investment in Securities (cost $2,344,133,175) | $ | 2,628,080,179 | ||
Receivable for fund shares sold | 4,773,067 | |||
Dividends receivable | 2,364,345 | |||
Distributions receivable from Fidelity Central Funds | 18,582 | |||
Receivable for daily variation margin on futures contracts | 151,789 | |||
Total assets | 2,635,387,962 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 1,958,805 | ||
Accrued management fee | 145,246 | |||
Collateral on securities loaned | 24,217,344 | |||
Total Liabilities | 26,321,395 | |||
Net Assets | $ | 2,609,066,567 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,516,070,718 | ||
Total accumulated earnings (loss) | 92,995,849 | |||
Net Assets | $ | 2,609,066,567 | ||
Net Asset Value , offering price and redemption price per share ($2,609,066,567 ÷ 162,527,892 shares) | $ | 16.05 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 36,829,374 | ||
Interest | 5,245 | |||
Income from Fidelity Central Funds (including $47,544 from security lending) | 121,792 | |||
Total Income | 36,956,411 | |||
Expenses | ||||
Management fee | $ | 870,868 | ||
Independent trustees' fees and expenses | 4,839 | |||
Interest | 20,651 | |||
Total expenses before reductions | 896,358 | |||
Expense reductions | (1,594) | |||
Total expenses after reductions | 894,764 | |||
Net Investment income (loss) | 36,061,647 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (5,848,837) | |||
Futures contracts | 57,760 | |||
Total net realized gain (loss) | (5,791,077) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (187,738,092) | |||
Futures contracts | (441,828) | |||
Total change in net unrealized appreciation (depreciation) | (188,179,920) | |||
Net gain (loss) | (193,970,997) | |||
Net increase (decrease) in net assets resulting from operations | $ | (157,909,350) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 36,061,647 | $ | 73,299,104 |
Net realized gain (loss) | (5,791,077) | 14,185,832 | ||
Change in net unrealized appreciation (depreciation) | (188,179,920) | (218,840,191) | ||
Net increase (decrease) in net assets resulting from operations | (157,909,350) | (131,355,255) | ||
Distributions to shareholders | (61,053,536) | (42,077,828) | ||
Share transactions | ||||
Proceeds from sales of shares | 320,611,951 | 892,386,902 | ||
Reinvestment of distributions | 53,473,562 | 37,344,832 | ||
Cost of shares redeemed | (420,052,867) | (821,916,537) | ||
Net increase (decrease) in net assets resulting from share transactions | (45,967,354) | 107,815,197 | ||
Total increase (decrease) in net assets | (264,930,240) | (65,617,886) | ||
Net Assets | ||||
Beginning of period | 2,873,996,807 | 2,939,614,693 | ||
End of period | $ | 2,609,066,567 | $ | 2,873,996,807 |
Other Information | ||||
Shares | ||||
Sold | 21,238,692 | 48,869,785 | ||
Issued in reinvestment of distributions | 3,452,748 | 1,946,305 | ||
Redeemed | (27,073,370) | (45,350,781) | ||
Net increase (decrease) | (2,381,930) | 5,465,309 | ||
Fidelity® Real Estate Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.43 | $ | 18.44 | $ | 13.58 | $ | 16.82 | $ | 15.76 | $ | 15.70 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .22 | .44 | .39 | .51 | .53 | .46 | ||||||
Net realized and unrealized gain (loss) | (1.22) | (1.19) | 4.88 | (3.15) | 1.13 | .13 | ||||||
Total from investment operations | (1.00) | (.75) | 5.27 | (2.64) | 1.66 | .59 | ||||||
Distributions from net investment income | (.38) | (.26) | (.41) | (.47) | (.50) | (.44) | ||||||
Distributions from net realized gain | - | - | - | (.13) | (.10) | (.09) | ||||||
Total distributions | (.38) | (.26) | (.41) | (.60) | (.60) | (.53) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 16.05 | $ | 17.43 | $ | 18.44 | $ | 13.58 | $ | 16.82 | $ | 15.76 |
Total Return D,E | (5.65)% | (4.21)% | 39.73% | (16.34)% | 10.84% | 3.90% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .07% H | .07% | .07% | .07% | .07% | .07% | ||||||
Expenses net of fee waivers, if any | .07% H | .07% | .07% | .07% | .07% | .07% | ||||||
Expenses net of all reductions | .07% H | .07% | .07% | .07% | .07% | .07% | ||||||
Net investment income (loss) | 2.89% H | 2.45% | 2.53% | 3.32% | 3.33% | 3.12% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,609,067 | $ | 2,873,997 | $ | 2,939,615 | $ | 2,082,589 | $ | 2,256,495 | $ | 380,099 |
Portfolio turnover rate I | 8% H | 10% | 44% | 26% | 10% | 6% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $494,762,757 |
Gross unrealized depreciation | (226,143,921) |
Net unrealized appreciation (depreciation) | $268,618,836 |
Tax cost | $2,359,847,033 |
Short-term | $(67,548,644) |
Long-term | (102,170,750) |
Total capital loss carryforward | $(169,719,394) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Real Estate Index Fund | 97,849,722 | 137,462,140 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Real Estate Index Fund | Borrower | $18,398,750 | 3.37% | $20,651 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Real Estate Index Fund | $4,794 | $1,866 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® Real Estate Index Fund | .07% | |||||||||
Actual | $ 1,000 | $ 943.50 | $ .34 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.85 | $ .36 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. | 6.3 | |
Microsoft Corp. | 5.4 | |
Amazon.com, Inc. | 2.7 | |
Alphabet, Inc. Class A | 1.7 | |
Berkshire Hathaway, Inc. Class B | 1.6 | |
Alphabet, Inc. Class C | 1.6 | |
NVIDIA Corp. | 1.4 | |
Exxon Mobil Corp. | 1.4 | |
UnitedHealth Group, Inc. | 1.4 | |
Tesla, Inc. | 1.4 | |
24.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 26.4 | |
Health Care | 14.6 | |
Financials | 11.7 | |
Consumer Discretionary | 10.6 | |
Industrials | 8.3 | |
Communication Services | 7.8 | |
Consumer Staples | 6.7 | |
Energy | 5.0 | |
Utilities | 2.9 | |
Materials | 2.8 | |
Real Estate | 2.8 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 3.4% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.6% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 7.8% | |||
Diversified Telecommunication Services - 0.9% | |||
AT&T, Inc. | 2,369,087 | 48,258,302 | |
Lumen Technologies, Inc. (a) | 318,567 | 1,672,477 | |
Verizon Communications, Inc. | 1,395,953 | 58,029,766 | |
107,960,545 | |||
Entertainment - 1.5% | |||
Activision Blizzard, Inc. | 236,716 | 18,125,344 | |
Electronic Arts, Inc. | 87,175 | 11,217,679 | |
Live Nation Entertainment, Inc. (b) | 47,476 | 3,821,343 | |
Netflix, Inc. (b) | 147,933 | 52,347,571 | |
Take-Two Interactive Software, Inc. (b) | 52,459 | 5,939,933 | |
The Walt Disney Co. (b) | 606,024 | 65,747,544 | |
Warner Bros Discovery, Inc. (b) | 734,639 | 10,887,350 | |
168,086,764 | |||
Interactive Media & Services - 4.3% | |||
Alphabet, Inc.: | |||
Class A (b) | 1,985,500 | 196,246,820 | |
Class C (b) | 1,760,131 | 175,784,283 | |
Match Group, Inc. (b) | 92,846 | 5,024,826 | |
Meta Platforms, Inc. Class A (b) | 747,500 | 111,355,075 | |
488,411,004 | |||
Media - 0.8% | |||
Charter Communications, Inc. Class A (b) | 35,705 | 13,721,789 | |
Comcast Corp. Class A | 1,434,026 | 56,428,923 | |
DISH Network Corp. Class A (b) | 82,822 | 1,191,809 | |
Fox Corp.: | |||
Class A | 100,285 | 3,403,673 | |
Class B | 46,556 | 1,475,825 | |
Interpublic Group of Companies, Inc. | 129,423 | 4,718,763 | |
News Corp.: | |||
Class A | 127,654 | 2,586,270 | |
Class B | 38,569 | 788,350 | |
Omnicom Group, Inc. | 67,840 | 5,833,562 | |
Paramount Global Class B (a) | 167,846 | 3,887,313 | |
94,036,277 | |||
Wireless Telecommunication Services - 0.3% | |||
T-Mobile U.S., Inc. (b) | 198,502 | 29,638,334 | |
TOTAL COMMUNICATION SERVICES | 888,132,924 | ||
CONSUMER DISCRETIONARY - 10.6% | |||
Auto Components - 0.1% | |||
Aptiv PLC (b) | 90,089 | 10,188,165 | |
BorgWarner, Inc. | 77,733 | 3,675,216 | |
13,863,381 | |||
Automobiles - 1.7% | |||
Ford Motor Co. | 1,312,931 | 17,737,698 | |
General Motors Co. | 472,264 | 18,569,420 | |
Tesla, Inc. (b) | 892,242 | 154,554,159 | |
190,861,277 | |||
Distributors - 0.2% | |||
Genuine Parts Co. | 46,839 | 7,860,521 | |
LKQ Corp. | 84,489 | 4,981,471 | |
Pool Corp. | 12,978 | 5,004,447 | |
17,846,439 | |||
Hotels, Restaurants & Leisure - 2.1% | |||
Booking Holdings, Inc. (b) | 12,895 | 31,387,720 | |
Caesars Entertainment, Inc. (b) | 71,202 | 3,706,776 | |
Carnival Corp. (a)(b) | 332,375 | 3,596,298 | |
Chipotle Mexican Grill, Inc. (b) | 9,216 | 15,173,038 | |
Darden Restaurants, Inc. | 40,697 | 6,021,935 | |
Domino's Pizza, Inc. | 11,743 | 4,145,279 | |
Expedia, Inc. (b) | 50,082 | 5,724,373 | |
Hilton Worldwide Holdings, Inc. | 89,938 | 13,049,104 | |
Las Vegas Sands Corp. (b) | 109,251 | 6,445,809 | |
Marriott International, Inc. Class A | 89,457 | 15,581,620 | |
McDonald's Corp. | 243,482 | 65,107,087 | |
MGM Resorts International | 105,719 | 4,377,824 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 139,297 | 2,118,707 | |
Royal Caribbean Cruises Ltd. (a)(b) | 72,975 | 4,738,997 | |
Starbucks Corp. | 381,605 | 41,648,370 | |
Wynn Resorts Ltd. (b) | 34,287 | 3,553,505 | |
Yum! Brands, Inc. | 93,654 | 12,222,784 | |
238,599,226 | |||
Household Durables - 0.4% | |||
D.R. Horton, Inc. | 103,950 | 10,258,826 | |
Garmin Ltd. | 51,039 | 5,046,736 | |
Lennar Corp. Class A | 84,601 | 8,663,142 | |
Mohawk Industries, Inc. (b) | 17,566 | 2,108,974 | |
Newell Brands, Inc. | 125,713 | 2,006,379 | |
NVR, Inc. (b) | 1,001 | 5,275,270 | |
PulteGroup, Inc. | 75,625 | 4,302,306 | |
Whirlpool Corp. | 18,155 | 2,824,736 | |
40,486,369 | |||
Internet & Direct Marketing Retail - 2.8% | |||
Amazon.com, Inc. (b) | 2,950,367 | 304,271,349 | |
eBay, Inc. | 180,403 | 8,929,949 | |
Etsy, Inc. (b) | 41,813 | 5,752,633 | |
318,953,931 | |||
Leisure Products - 0.0% | |||
Hasbro, Inc. | 43,304 | 2,562,298 | |
Multiline Retail - 0.5% | |||
Dollar General Corp. | 74,985 | 17,516,496 | |
Dollar Tree, Inc. (b) | 69,976 | 10,508,996 | |
Target Corp. | 153,004 | 26,338,109 | |
54,363,601 | |||
Specialty Retail - 2.3% | |||
Advance Auto Parts, Inc. | 19,964 | 3,040,118 | |
AutoZone, Inc. (b) | 6,310 | 15,389,144 | |
Bath & Body Works, Inc. | 75,915 | 3,492,849 | |
Best Buy Co., Inc. | 66,652 | 5,913,365 | |
CarMax, Inc. (a)(b) | 52,441 | 3,694,468 | |
Lowe's Companies, Inc. | 206,335 | 42,969,264 | |
O'Reilly Automotive, Inc. (b) | 20,801 | 16,481,672 | |
Ross Stores, Inc. | 115,375 | 13,636,171 | |
The Home Depot, Inc. | 340,309 | 110,317,969 | |
TJX Companies, Inc. | 385,965 | 31,595,095 | |
Tractor Supply Co. | 36,720 | 8,371,793 | |
Ulta Beauty, Inc. (b) | 17,026 | 8,750,683 | |
263,652,591 | |||
Textiles, Apparel & Luxury Goods - 0.5% | |||
NIKE, Inc. Class B | 418,805 | 53,326,441 | |
Ralph Lauren Corp. | 13,580 | 1,681,883 | |
Tapestry, Inc. | 79,942 | 3,642,957 | |
VF Corp. | 109,596 | 3,390,900 | |
62,042,181 | |||
TOTAL CONSUMER DISCRETIONARY | 1,203,231,294 | ||
CONSUMER STAPLES - 6.7% | |||
Beverages - 1.8% | |||
Brown-Forman Corp. Class B (non-vtg.) | 60,786 | 4,047,132 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 53,964 | 12,493,745 | |
Keurig Dr. Pepper, Inc. | 282,463 | 9,965,295 | |
Molson Coors Beverage Co. Class B | 62,404 | 3,281,202 | |
Monster Beverage Corp. (b) | 126,609 | 13,177,465 | |
PepsiCo, Inc. | 457,976 | 78,323,056 | |
The Coca-Cola Co. | 1,293,804 | 79,336,061 | |
200,623,956 | |||
Food & Staples Retailing - 1.5% | |||
Costco Wholesale Corp. | 147,129 | 75,203,517 | |
Kroger Co. | 216,499 | 9,662,350 | |
Sysco Corp. | 168,449 | 13,048,060 | |
Walgreens Boots Alliance, Inc. | 238,638 | 8,796,197 | |
Walmart, Inc. | 469,177 | 67,500,495 | |
174,210,619 | |||
Food Products - 1.1% | |||
Archer Daniels Midland Co. | 182,597 | 15,128,161 | |
Campbell Soup Co. | 66,710 | 3,464,250 | |
Conagra Brands, Inc. | 159,388 | 5,927,640 | |
General Mills, Inc. | 197,275 | 15,458,469 | |
Hormel Foods Corp. | 96,193 | 4,358,505 | |
Kellogg Co. | 85,133 | 5,838,421 | |
Lamb Weston Holdings, Inc. | 47,804 | 4,775,142 | |
McCormick & Co., Inc. (non-vtg.) | 83,306 | 6,257,947 | |
Mondelez International, Inc. | 453,959 | 29,707,077 | |
The Hershey Co. | 48,843 | 10,970,138 | |
The J.M. Smucker Co. | 35,463 | 5,418,746 | |
The Kraft Heinz Co. | 264,655 | 10,726,467 | |
Tyson Foods, Inc. Class A | 96,276 | 6,330,147 | |
124,361,110 | |||
Household Products - 1.4% | |||
Church & Dwight Co., Inc. | 81,050 | 6,553,703 | |
Colgate-Palmolive Co. | 277,610 | 20,690,273 | |
Kimberly-Clark Corp. | 112,163 | 14,582,312 | |
Procter & Gamble Co. | 787,733 | 112,157,425 | |
The Clorox Co. | 41,040 | 5,938,078 | |
159,921,791 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 76,882 | 21,302,465 | |
Tobacco - 0.7% | |||
Altria Group, Inc. | 595,706 | 26,830,598 | |
Philip Morris International, Inc. | 515,307 | 53,715,602 | |
80,546,200 | |||
TOTAL CONSUMER STAPLES | 760,966,141 | ||
ENERGY - 5.0% | |||
Energy Equipment & Services - 0.4% | |||
Baker Hughes Co. Class A | 332,931 | 10,567,230 | |
Halliburton Co. | 301,866 | 12,442,917 | |
Schlumberger Ltd. | 471,377 | 26,859,061 | |
49,869,208 | |||
Oil, Gas & Consumable Fuels - 4.6% | |||
APA Corp. | 107,048 | 4,745,438 | |
Chevron Corp. | 591,352 | 102,907,075 | |
ConocoPhillips Co. | 414,205 | 50,479,163 | |
Coterra Energy, Inc. | 262,028 | 6,558,561 | |
Devon Energy Corp. | 217,269 | 13,740,092 | |
Diamondback Energy, Inc. | 58,489 | 8,546,413 | |
EOG Resources, Inc. | 195,249 | 25,821,680 | |
EQT Corp. | 121,992 | 3,985,479 | |
Exxon Mobil Corp. | 1,368,983 | 158,815,718 | |
Hess Corp. | 92,239 | 13,850,608 | |
Kinder Morgan, Inc. | 657,541 | 12,033,000 | |
Marathon Oil Corp. | 211,236 | 5,802,653 | |
Marathon Petroleum Corp. | 155,778 | 20,020,589 | |
Occidental Petroleum Corp. | 241,699 | 15,659,678 | |
ONEOK, Inc. | 148,582 | 10,174,895 | |
Phillips 66 Co. | 157,093 | 15,751,715 | |
Pioneer Natural Resources Co. | 78,975 | 18,191,891 | |
Targa Resources Corp. | 75,320 | 5,650,506 | |
The Williams Companies, Inc. (a) | 404,888 | 13,053,589 | |
Valero Energy Corp. | 128,144 | 17,944,004 | |
523,732,747 | |||
TOTAL ENERGY | 573,601,955 | ||
FINANCIALS - 11.7% | |||
Banks - 3.9% | |||
Bank of America Corp. | 2,320,122 | 82,317,929 | |
Citigroup, Inc. | 643,839 | 33,621,273 | |
Citizens Financial Group, Inc. | 163,670 | 7,090,184 | |
Comerica, Inc. | 43,493 | 3,188,472 | |
Fifth Third Bancorp | 228,121 | 8,278,511 | |
First Republic Bank | 60,806 | 8,566,349 | |
Huntington Bancshares, Inc. | 479,394 | 7,272,407 | |
JPMorgan Chase & Co. | 975,052 | 136,468,278 | |
KeyCorp | 310,319 | 5,955,022 | |
M&T Bank Corp. | 57,369 | 8,949,564 | |
PNC Financial Services Group, Inc. | 134,063 | 22,178,042 | |
Regions Financial Corp. | 310,522 | 7,309,688 | |
Signature Bank | 20,967 | 2,703,695 | |
SVB Financial Group (b) | 19,657 | 5,945,063 | |
Truist Financial Corp. | 441,005 | 21,781,237 | |
U.S. Bancorp | 449,438 | 22,382,012 | |
Wells Fargo & Co. | 1,266,682 | 59,369,385 | |
Zions Bancorp NA | 49,839 | 2,649,441 | |
446,026,552 | |||
Capital Markets - 3.2% | |||
Ameriprise Financial, Inc. | 35,374 | 12,385,145 | |
Bank of New York Mellon Corp. | 244,511 | 12,364,921 | |
BlackRock, Inc. Class A | 49,930 | 37,907,355 | |
Cboe Global Markets, Inc. | 35,254 | 4,332,012 | |
Charles Schwab Corp. | 507,043 | 39,255,269 | |
CME Group, Inc. | 119,578 | 21,124,649 | |
FactSet Research Systems, Inc. | 12,678 | 5,362,033 | |
Franklin Resources, Inc. (a) | 94,619 | 2,952,113 | |
Goldman Sachs Group, Inc. | 112,571 | 41,179,598 | |
Intercontinental Exchange, Inc. | 185,676 | 19,969,454 | |
Invesco Ltd. | 151,598 | 2,806,079 | |
MarketAxess Holdings, Inc. | 12,478 | 4,540,120 | |
Moody's Corp. | 52,376 | 16,904,354 | |
Morgan Stanley | 438,236 | 42,653,510 | |
MSCI, Inc. | 26,582 | 14,129,928 | |
NASDAQ, Inc. | 112,684 | 6,782,450 | |
Northern Trust Corp. | 69,280 | 6,718,082 | |
Raymond James Financial, Inc. | 64,349 | 7,256,637 | |
S&P Global, Inc. | 110,697 | 41,504,733 | |
State Street Corp. | 121,980 | 11,140,433 | |
T. Rowe Price Group, Inc. | 74,285 | 8,651,974 | |
359,920,849 | |||
Consumer Finance - 0.6% | |||
American Express Co. | 198,711 | 34,760,515 | |
Capital One Financial Corp. | 126,867 | 15,097,173 | |
Discover Financial Services | 90,797 | 10,598,734 | |
Synchrony Financial | 149,904 | 5,505,974 | |
65,962,396 | |||
Diversified Financial Services - 1.6% | |||
Berkshire Hathaway, Inc. Class B (b) | 598,938 | 186,581,166 | |
Insurance - 2.4% | |||
AFLAC, Inc. | 188,075 | 13,823,513 | |
Allstate Corp. | 88,164 | 11,326,429 | |
American International Group, Inc. | 246,910 | 15,609,650 | |
Aon PLC | 68,760 | 21,912,437 | |
Arch Capital Group Ltd. (b) | 122,940 | 7,911,189 | |
Arthur J. Gallagher & Co. | 70,088 | 13,717,623 | |
Assurant, Inc. | 17,596 | 2,333,054 | |
Brown & Brown, Inc. | 78,313 | 4,586,009 | |
Chubb Ltd. | 137,966 | 31,385,885 | |
Cincinnati Financial Corp. | 52,284 | 5,915,935 | |
Everest Re Group Ltd. | 13,015 | 4,551,215 | |
Globe Life, Inc. | 30,047 | 3,631,180 | |
Hartford Financial Services Group, Inc. | 105,706 | 8,203,843 | |
Lincoln National Corp. | 50,869 | 1,802,289 | |
Loews Corp. | 65,447 | 4,023,682 | |
Marsh & McLennan Companies, Inc. | 164,887 | 28,840,385 | |
MetLife, Inc. | 219,095 | 15,998,317 | |
Principal Financial Group, Inc. | 75,614 | 6,998,076 | |
Progressive Corp. | 194,490 | 26,518,712 | |
Prudential Financial, Inc. | 122,346 | 12,838,989 | |
The Travelers Companies, Inc. | 77,893 | 14,886,910 | |
W.R. Berkley Corp. | 68,069 | 4,774,360 | |
Willis Towers Watson PLC | 35,980 | 9,145,756 | |
270,735,438 | |||
TOTAL FINANCIALS | 1,329,226,401 | ||
HEALTH CARE - 14.6% | |||
Biotechnology - 2.3% | |||
AbbVie, Inc. | 587,871 | 86,857,940 | |
Amgen, Inc. | 177,369 | 44,767,936 | |
Biogen, Inc. (b) | 47,868 | 13,924,801 | |
Gilead Sciences, Inc. | 416,926 | 34,996,768 | |
Incyte Corp. (b) | 61,458 | 5,232,534 | |
Moderna, Inc. (b) | 109,827 | 19,336,142 | |
Regeneron Pharmaceuticals, Inc. (b) | 35,596 | 26,998,498 | |
Vertex Pharmaceuticals, Inc. (b) | 85,327 | 27,569,154 | |
259,683,773 | |||
Health Care Equipment & Supplies - 2.8% | |||
Abbott Laboratories | 579,593 | 64,074,006 | |
Align Technology, Inc. (b) | 24,148 | 6,513,440 | |
Baxter International, Inc. | 167,585 | 7,656,959 | |
Becton, Dickinson & Co. | 94,802 | 23,910,960 | |
Boston Scientific Corp. (b) | 476,121 | 22,020,596 | |
Dentsply Sirona, Inc. | 71,571 | 2,635,960 | |
DexCom, Inc. (b) | 128,400 | 13,750,356 | |
Edwards Lifesciences Corp. (b) | 205,513 | 15,762,847 | |
GE HealthCare Technologies, Inc. (b) | 121,075 | 8,417,134 | |
Hologic, Inc. (b) | 82,975 | 6,751,676 | |
IDEXX Laboratories, Inc. (b) | 27,530 | 13,228,165 | |
Intuitive Surgical, Inc. (b) | 117,473 | 28,861,941 | |
Medtronic PLC | 441,830 | 36,976,753 | |
ResMed, Inc. | 48,692 | 11,119,792 | |
STERIS PLC | 33,182 | 6,852,415 | |
Stryker Corp. | 111,961 | 28,416,821 | |
Teleflex, Inc. | 15,589 | 3,794,674 | |
The Cooper Companies, Inc. | 16,419 | 5,729,082 | |
Zimmer Biomet Holdings, Inc. | 69,753 | 8,882,347 | |
315,355,924 | |||
Health Care Providers & Services - 3.3% | |||
AmerisourceBergen Corp. | 53,823 | 9,093,934 | |
Cardinal Health, Inc. | 87,126 | 6,730,484 | |
Centene Corp. (b) | 188,232 | 14,350,808 | |
Cigna Corp. | 101,631 | 32,183,489 | |
CVS Health Corp. | 436,788 | 38,533,437 | |
DaVita HealthCare Partners, Inc. (b) | 18,140 | 1,494,555 | |
Elevance Health, Inc. | 79,390 | 39,694,206 | |
HCA Holdings, Inc. | 70,486 | 17,978,864 | |
Henry Schein, Inc. (b) | 45,044 | 3,880,541 | |
Humana, Inc. | 42,083 | 21,533,871 | |
Laboratory Corp. of America Holdings | 29,451 | 7,425,186 | |
McKesson Corp. | 47,129 | 17,846,810 | |
Molina Healthcare, Inc. (b) | 19,424 | 6,056,986 | |
Quest Diagnostics, Inc. | 37,898 | 5,627,095 | |
UnitedHealth Group, Inc. | 310,596 | 155,046,417 | |
Universal Health Services, Inc. Class B | 21,324 | 3,160,430 | |
380,637,113 | |||
Life Sciences Tools & Services - 1.9% | |||
Agilent Technologies, Inc. | 98,406 | 14,965,584 | |
Bio-Rad Laboratories, Inc. Class A (b) | 7,142 | 3,338,599 | |
Bio-Techne Corp. | 52,164 | 4,155,384 | |
Charles River Laboratories International, Inc. (b) | 16,911 | 4,113,601 | |
Danaher Corp. | 217,790 | 57,579,320 | |
Illumina, Inc. (b) | 52,294 | 11,201,375 | |
IQVIA Holdings, Inc. (b) | 61,743 | 14,164,462 | |
Mettler-Toledo International, Inc. (b) | 7,410 | 11,358,937 | |
PerkinElmer, Inc. | 41,989 | 5,774,747 | |
Thermo Fisher Scientific, Inc. | 130,373 | 74,355,633 | |
Waters Corp. (b) | 19,745 | 6,487,812 | |
West Pharmaceutical Services, Inc. | 24,608 | 6,535,885 | |
214,031,339 | |||
Pharmaceuticals - 4.3% | |||
Bristol-Myers Squibb Co. | 706,748 | 51,345,242 | |
Catalent, Inc. (b) | 59,720 | 3,198,006 | |
Eli Lilly & Co. | 262,160 | 90,222,364 | |
Johnson & Johnson | 869,096 | 142,027,668 | |
Merck & Co., Inc. | 842,794 | 90,524,504 | |
Organon & Co. | 84,774 | 2,554,241 | |
Pfizer, Inc. | 1,865,938 | 82,399,822 | |
Viatris, Inc. | 403,703 | 4,909,028 | |
Zoetis, Inc. Class A | 154,931 | 25,639,531 | |
492,820,406 | |||
TOTAL HEALTH CARE | 1,662,528,555 | ||
INDUSTRIALS - 8.3% | |||
Aerospace & Defense - 1.8% | |||
General Dynamics Corp. | 74,825 | 17,438,715 | |
Howmet Aerospace, Inc. | 122,553 | 4,986,682 | |
Huntington Ingalls Industries, Inc. | 13,255 | 2,923,258 | |
L3Harris Technologies, Inc. | 63,285 | 13,594,884 | |
Lockheed Martin Corp. | 77,529 | 35,916,085 | |
Northrop Grumman Corp. | 48,090 | 21,546,244 | |
Raytheon Technologies Corp. | 488,667 | 48,793,400 | |
Textron, Inc. | 69,490 | 5,062,347 | |
The Boeing Co. (b) | 186,232 | 39,667,416 | |
TransDigm Group, Inc. | 17,172 | 12,325,203 | |
202,254,234 | |||
Air Freight & Logistics - 0.6% | |||
C.H. Robinson Worldwide, Inc. | 39,101 | 3,916,747 | |
Expeditors International of Washington, Inc. | 52,945 | 5,726,002 | |
FedEx Corp. | 79,576 | 15,426,603 | |
United Parcel Service, Inc. Class B | 242,587 | 44,934,390 | |
70,003,742 | |||
Airlines - 0.2% | |||
Alaska Air Group, Inc. (b) | 42,351 | 2,174,300 | |
American Airlines Group, Inc. (b) | 215,945 | 3,485,352 | |
Delta Air Lines, Inc. (b) | 213,078 | 8,331,350 | |
Southwest Airlines Co. | 197,310 | 7,057,779 | |
United Airlines Holdings, Inc. (b) | 108,816 | 5,327,631 | |
26,376,412 | |||
Building Products - 0.5% | |||
A.O. Smith Corp. | 42,267 | 2,861,476 | |
Allegion PLC | 29,169 | 3,428,816 | |
Carrier Global Corp. | 277,919 | 12,653,652 | |
Johnson Controls International PLC | 228,911 | 15,925,338 | |
Masco Corp. | 74,890 | 3,984,148 | |
Trane Technologies PLC | 76,538 | 13,709,487 | |
52,562,917 | |||
Commercial Services & Supplies - 0.5% | |||
Cintas Corp. | 28,688 | 12,730,013 | |
Copart, Inc. (b) | 142,422 | 9,486,729 | |
Republic Services, Inc. | 68,259 | 8,520,088 | |
Rollins, Inc. | 77,141 | 2,807,932 | |
Waste Management, Inc. | 124,153 | 19,210,194 | |
52,754,956 | |||
Construction & Engineering - 0.1% | |||
Quanta Services, Inc. | 47,505 | 7,229,786 | |
Electrical Equipment - 0.6% | |||
AMETEK, Inc. | 76,331 | 11,061,889 | |
Eaton Corp. PLC | 132,199 | 21,444,000 | |
Emerson Electric Co. | 196,550 | 17,732,741 | |
Generac Holdings, Inc. (b) | 21,093 | 2,543,816 | |
Rockwell Automation, Inc. | 38,175 | 10,766,495 | |
63,548,941 | |||
Industrial Conglomerates - 0.8% | |||
3M Co. | 183,723 | 21,142,843 | |
General Electric Co. | 363,221 | 29,232,026 | |
Honeywell International, Inc. | 223,484 | 46,591,944 | |
96,966,813 | |||
Machinery - 1.8% | |||
Caterpillar, Inc. | 172,994 | 43,644,656 | |
Cummins, Inc. | 46,876 | 11,697,437 | |
Deere & Co. | 91,301 | 38,605,715 | |
Dover Corp. | 46,652 | 7,083,173 | |
Fortive Corp. | 117,631 | 8,002,437 | |
IDEX Corp. | 25,080 | 6,011,174 | |
Illinois Tool Works, Inc. | 92,926 | 21,934,253 | |
Ingersoll Rand, Inc. | 134,613 | 7,538,328 | |
Nordson Corp. | 17,870 | 4,347,771 | |
Otis Worldwide Corp. | 138,488 | 11,387,868 | |
PACCAR, Inc. | 115,595 | 12,635,689 | |
Parker Hannifin Corp. | 42,689 | 13,916,614 | |
Pentair PLC | 54,791 | 3,034,326 | |
Snap-On, Inc. | 17,658 | 4,392,074 | |
Stanley Black & Decker, Inc. | 49,076 | 4,382,978 | |
Westinghouse Air Brake Tech Co. | 60,460 | 6,276,353 | |
Xylem, Inc. | 59,919 | 6,232,175 | |
211,123,021 | |||
Professional Services - 0.4% | |||
CoStar Group, Inc. (b) | 135,187 | 10,531,067 | |
Equifax, Inc. | 40,700 | 9,043,540 | |
Jacobs Solutions, Inc. | 42,479 | 5,248,280 | |
Leidos Holdings, Inc. | 45,404 | 4,487,731 | |
Robert Half International, Inc. | 36,131 | 3,033,559 | |
Verisk Analytics, Inc. | 51,977 | 9,448,899 | |
41,793,076 | |||
Road & Rail - 0.8% | |||
CSX Corp. | 698,842 | 21,608,195 | |
J.B. Hunt Transport Services, Inc. | 27,568 | 5,211,730 | |
Norfolk Southern Corp. | 76,956 | 18,916,554 | |
Old Dominion Freight Lines, Inc. | 30,113 | 10,034,856 | |
Union Pacific Corp. | 204,367 | 41,729,698 | |
97,501,033 | |||
Trading Companies & Distributors - 0.2% | |||
Fastenal Co. | 190,363 | 9,622,850 | |
United Rentals, Inc. | 23,038 | 10,158,606 | |
W.W. Grainger, Inc. | 14,946 | 8,810,368 | |
28,591,824 | |||
TOTAL INDUSTRIALS | 950,706,755 | ||
INFORMATION TECHNOLOGY - 26.4% | |||
Communications Equipment - 0.9% | |||
Arista Networks, Inc. (b) | 82,278 | 10,368,674 | |
Cisco Systems, Inc. | 1,364,890 | 66,429,196 | |
F5, Inc. (b) | 19,944 | 2,944,931 | |
Juniper Networks, Inc. | 107,833 | 3,483,006 | |
Motorola Solutions, Inc. | 55,581 | 14,284,873 | |
97,510,680 | |||
Electronic Equipment & Components - 0.7% | |||
Amphenol Corp. Class A | 197,804 | 15,778,825 | |
CDW Corp. | 45,000 | 8,821,350 | |
Corning, Inc. | 253,014 | 8,756,815 | |
Keysight Technologies, Inc. (b) | 59,429 | 10,658,591 | |
TE Connectivity Ltd. | 105,728 | 13,443,315 | |
Teledyne Technologies, Inc. (b) | 15,579 | 6,609,547 | |
Trimble, Inc. (b) | 81,972 | 4,759,294 | |
Zebra Technologies Corp. Class A (b) | 17,178 | 5,431,340 | |
74,259,077 | |||
IT Services - 4.4% | |||
Accenture PLC Class A | 209,446 | 58,445,906 | |
Akamai Technologies, Inc. (b) | 52,368 | 4,658,134 | |
Automatic Data Processing, Inc. | 137,890 | 31,136,941 | |
Broadridge Financial Solutions, Inc. | 39,133 | 5,884,038 | |
Cognizant Technology Solutions Corp. Class A | 170,809 | 11,401,501 | |
DXC Technology Co. (b) | 76,633 | 2,201,666 | |
EPAM Systems, Inc. (b) | 19,118 | 6,359,603 | |
Fidelity National Information Services, Inc. | 197,237 | 14,800,664 | |
Fiserv, Inc. (b) | 211,078 | 22,517,801 | |
FleetCor Technologies, Inc. (b) | 24,549 | 5,126,077 | |
Gartner, Inc. (b) | 26,265 | 8,881,247 | |
Global Payments, Inc. | 89,882 | 10,131,499 | |
IBM Corp. | 300,542 | 40,492,024 | |
Jack Henry & Associates, Inc. | 24,232 | 4,363,941 | |
MasterCard, Inc. Class A | 282,182 | 104,576,649 | |
Paychex, Inc. | 106,608 | 12,351,603 | |
PayPal Holdings, Inc. (b) | 378,966 | 30,881,939 | |
VeriSign, Inc. (b) | 30,654 | 6,684,105 | |
Visa, Inc. Class A | 543,506 | 125,120,516 | |
506,015,854 | |||
Semiconductors & Semiconductor Equipment - 5.5% | |||
Advanced Micro Devices, Inc. (b) | 535,975 | 40,278,521 | |
Analog Devices, Inc. | 170,969 | 29,316,054 | |
Applied Materials, Inc. | 285,972 | 31,883,018 | |
Broadcom, Inc. | 134,630 | 78,759,896 | |
Enphase Energy, Inc. (b) | 45,183 | 10,002,613 | |
First Solar, Inc. (b) | 32,978 | 5,856,893 | |
Intel Corp. | 1,371,884 | 38,769,442 | |
KLA Corp. | 47,106 | 18,488,163 | |
Lam Research Corp. | 45,333 | 22,671,033 | |
Microchip Technology, Inc. | 182,806 | 14,189,402 | |
Micron Technology, Inc. | 361,393 | 21,791,998 | |
Monolithic Power Systems, Inc. | 14,826 | 6,324,179 | |
NVIDIA Corp. | 827,725 | 161,712,633 | |
NXP Semiconductors NV | 86,134 | 15,875,358 | |
onsemi (b) | 143,739 | 10,557,630 | |
Qorvo, Inc. (b) | 33,686 | 3,660,321 | |
Qualcomm, Inc. | 372,631 | 49,638,176 | |
Skyworks Solutions, Inc. | 53,367 | 5,852,759 | |
SolarEdge Technologies, Inc. (b) | 18,597 | 5,934,861 | |
Teradyne, Inc. | 51,834 | 5,271,518 | |
Texas Instruments, Inc. | 301,680 | 53,460,713 | |
630,295,181 | |||
Software - 8.3% | |||
Adobe, Inc. (b) | 154,540 | 57,232,344 | |
ANSYS, Inc. (b) | 28,956 | 7,712,720 | |
Autodesk, Inc. (b) | 71,754 | 15,438,591 | |
Cadence Design Systems, Inc. (b) | 91,183 | 16,670,988 | |
Ceridian HCM Holding, Inc. (a)(b) | 51,057 | 3,690,400 | |
Fortinet, Inc. (b) | 215,538 | 11,281,259 | |
Gen Digital, Inc. | 192,649 | 4,432,853 | |
Intuit, Inc. | 93,699 | 39,603,756 | |
Microsoft Corp. | 2,478,005 | 614,074,419 | |
Oracle Corp. | 510,862 | 45,190,853 | |
Paycom Software, Inc. (b) | 16,176 | 5,240,053 | |
PTC, Inc. (b) | 35,135 | 4,739,009 | |
Roper Technologies, Inc. | 35,252 | 15,043,791 | |
Salesforce.com, Inc. (b) | 332,420 | 55,836,587 | |
ServiceNow, Inc. (b) | 67,148 | 30,561,069 | |
Synopsys, Inc. (b) | 50,828 | 17,980,405 | |
Tyler Technologies, Inc. (b) | 13,838 | 4,466,491 | |
949,195,588 | |||
Technology Hardware, Storage & Peripherals - 6.6% | |||
Apple, Inc. | 4,970,876 | 717,247,686 | |
Hewlett Packard Enterprise Co. | 427,782 | 6,900,124 | |
HP, Inc. | 294,254 | 8,574,562 | |
NetApp, Inc. | 72,377 | 4,793,529 | |
Seagate Technology Holdings PLC | 63,828 | 4,326,262 | |
Western Digital Corp. (b) | 105,312 | 4,628,462 | |
746,470,625 | |||
TOTAL INFORMATION TECHNOLOGY | 3,003,747,005 | ||
MATERIALS - 2.8% | |||
Chemicals - 1.9% | |||
Air Products & Chemicals, Inc. | 73,727 | 23,630,241 | |
Albemarle Corp. | 38,942 | 10,960,226 | |
Celanese Corp. Class A | 33,147 | 4,083,710 | |
CF Industries Holdings, Inc. | 65,296 | 5,530,571 | |
Corteva, Inc. | 237,488 | 15,306,102 | |
Dow, Inc. | 233,901 | 13,882,024 | |
DuPont de Nemours, Inc. | 165,140 | 12,212,103 | |
Eastman Chemical Co. | 39,861 | 3,514,544 | |
Ecolab, Inc. | 82,372 | 12,753,657 | |
FMC Corp. | 41,914 | 5,580,011 | |
International Flavors & Fragrances, Inc. | 84,756 | 9,531,660 | |
Linde PLC | 164,339 | 54,386,349 | |
LyondellBasell Industries NV Class A | 84,405 | 8,161,119 | |
PPG Industries, Inc. | 78,123 | 10,182,552 | |
Sherwin-Williams Co. | 78,389 | 18,546,054 | |
The Mosaic Co. | 113,279 | 5,611,842 | |
213,872,765 | |||
Construction Materials - 0.1% | |||
Martin Marietta Materials, Inc. | 20,637 | 7,421,891 | |
Vulcan Materials Co. | 44,174 | 8,098,419 | |
15,520,310 | |||
Containers & Packaging - 0.3% | |||
Amcor PLC | 495,154 | 5,971,557 | |
Avery Dennison Corp. | 26,959 | 5,107,113 | |
Ball Corp. | 104,379 | 6,079,033 | |
International Paper Co. | 118,149 | 4,940,991 | |
Packaging Corp. of America | 30,737 | 4,386,170 | |
Sealed Air Corp. | 48,189 | 2,638,830 | |
WestRock Co. | 84,437 | 3,313,308 | |
32,437,002 | |||
Metals & Mining - 0.5% | |||
Freeport-McMoRan, Inc. | 475,152 | 21,201,282 | |
Newmont Corp. | 263,857 | 13,965,951 | |
Nucor Corp. | 85,276 | 14,413,350 | |
Steel Dynamics, Inc. | 55,437 | 6,687,920 | |
56,268,503 | |||
TOTAL MATERIALS | 318,098,580 | ||
REAL ESTATE - 2.8% | |||
Equity Real Estate Investment Trusts (REITs) - 2.7% | |||
Alexandria Real Estate Equities, Inc. | 49,644 | 7,979,777 | |
American Tower Corp. | 154,779 | 34,576,081 | |
AvalonBay Communities, Inc. | 46,501 | 8,251,137 | |
Boston Properties, Inc. | 47,356 | 3,529,916 | |
Camden Property Trust (SBI) | 35,382 | 4,359,416 | |
Crown Castle International Corp. | 143,955 | 21,321,175 | |
Digital Realty Trust, Inc. | 95,580 | 10,955,380 | |
Equinix, Inc. | 30,762 | 22,706,355 | |
Equity Residential (SBI) | 113,057 | 7,196,078 | |
Essex Property Trust, Inc. | 21,559 | 4,873,843 | |
Extra Space Storage, Inc. | 44,515 | 7,025,802 | |
Federal Realty Investment Trust (SBI) | 24,336 | 2,714,194 | |
Healthpeak Properties, Inc. | 178,954 | 4,917,656 | |
Host Hotels & Resorts, Inc. | 237,141 | 4,470,108 | |
Invitation Homes, Inc. | 193,098 | 6,275,685 | |
Iron Mountain, Inc. | 96,728 | 5,279,414 | |
Kimco Realty Corp. | 205,571 | 4,617,125 | |
Mid-America Apartment Communities, Inc. | 38,389 | 6,400,214 | |
Prologis (REIT), Inc. | 306,855 | 39,670,214 | |
Public Storage | 52,541 | 15,990,328 | |
Realty Income Corp. | 208,465 | 14,140,181 | |
Regency Centers Corp. | 51,121 | 3,406,192 | |
SBA Communications Corp. Class A | 35,888 | 10,677,757 | |
Simon Property Group, Inc. | 108,686 | 13,961,804 | |
UDR, Inc. | 101,677 | 4,330,423 | |
Ventas, Inc. | 132,888 | 6,884,927 | |
VICI Properties, Inc. | 320,122 | 10,941,770 | |
Welltower, Inc. | 157,084 | 11,787,583 | |
Weyerhaeuser Co. | 244,602 | 8,421,647 | |
307,662,182 | |||
Real Estate Management & Development - 0.1% | |||
CBRE Group, Inc. (b) | 105,003 | 8,978,807 | |
TOTAL REAL ESTATE | 316,640,989 | ||
UTILITIES - 2.9% | |||
Electric Utilities - 1.9% | |||
Alliant Energy Corp. | 83,378 | 4,504,913 | |
American Electric Power Co., Inc. | 170,798 | 16,048,180 | |
Constellation Energy Corp. | 108,709 | 9,279,400 | |
Duke Energy Corp. | 255,966 | 26,223,717 | |
Edison International | 126,934 | 8,745,753 | |
Entergy Corp. | 67,627 | 7,322,652 | |
Evergy, Inc. | 76,425 | 4,788,026 | |
Eversource Energy | 115,756 | 9,530,191 | |
Exelon Corp. | 330,346 | 13,937,298 | |
FirstEnergy Corp. | 180,508 | 7,391,803 | |
NextEra Energy, Inc. | 660,581 | 49,299,160 | |
NRG Energy, Inc. | 76,743 | 2,626,145 | |
PG&E Corp. (b) | 535,201 | 8,509,696 | |
Pinnacle West Capital Corp. | 37,696 | 2,810,237 | |
PPL Corp. | 244,756 | 7,244,778 | |
Southern Co. | 361,879 | 24,491,971 | |
Xcel Energy, Inc. | 181,878 | 12,507,750 | |
215,261,670 | |||
Gas Utilities - 0.0% | |||
Atmos Energy Corp. | 46,556 | 5,472,192 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
The AES Corp. | 222,125 | 6,088,446 | |
Multi-Utilities - 0.8% | |||
Ameren Corp. | 85,920 | 7,463,870 | |
CenterPoint Energy, Inc. | 209,274 | 6,303,333 | |
CMS Energy Corp. | 96,507 | 6,098,277 | |
Consolidated Edison, Inc. | 117,948 | 11,241,624 | |
Dominion Energy, Inc. | 276,992 | 17,627,771 | |
DTE Energy Co. | 64,387 | 7,492,715 | |
NiSource, Inc. | 134,856 | 3,742,254 | |
Public Service Enterprise Group, Inc. | 165,871 | 10,272,391 | |
Sempra Energy | 104,488 | 16,752,561 | |
WEC Energy Group, Inc. | 104,843 | 9,854,194 | |
96,848,990 | |||
Water Utilities - 0.1% | |||
American Water Works Co., Inc. | 60,445 | 9,459,038 | |
TOTAL UTILITIES | 333,130,336 | ||
TOTAL COMMON STOCKS (Cost $6,159,367,128) | 11,340,010,935 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $784,994) | 800,000 | 784,981 | |
Money Market Funds - 0.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (e) | 68,447,845 | 68,461,534 | |
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 30,936,138 | 30,939,232 | |
TOTAL MONEY MARKET FUNDS (Cost $99,400,766) | 99,400,766 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $6,259,552,888) | 11,440,196,682 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (57,609,735) |
NET ASSETS - 100.0% | 11,382,586,947 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 212 | Mar 2023 | 43,354,000 | 1,444,854 | 1,444,854 |
The notional amount of futures purchased as a percentage of Net Assets is 0.4% |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $784,981. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 23,327,967 | 2,356,076,398 | 2,310,942,831 | 634,648 | - | - | 68,461,534 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.38% | 25,099,899 | 106,874,352 | 101,035,019 | 43,572 | - | - | 30,939,232 | 0.1% |
Total | 48,427,866 | 2,462,950,750 | 2,411,977,850 | 678,220 | - | - | 99,400,766 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 888,132,924 | 888,132,924 | - | - |
Consumer Discretionary | 1,203,231,294 | 1,203,231,294 | - | - |
Consumer Staples | 760,966,141 | 760,966,141 | - | - |
Energy | 573,601,955 | 573,601,955 | - | - |
Financials | 1,329,226,401 | 1,329,226,401 | - | - |
Health Care | 1,662,528,555 | 1,662,528,555 | - | - |
Industrials | 950,706,755 | 950,706,755 | - | - |
Information Technology | 3,003,747,005 | 3,003,747,005 | - | - |
Materials | 318,098,580 | 318,098,580 | - | - |
Real Estate | 316,640,989 | 316,640,989 | - | - |
Utilities | 333,130,336 | 333,130,336 | - | - |
U.S. Government and Government Agency Obligations | 784,981 | - | 784,981 | - |
Money Market Funds | 99,400,766 | 99,400,766 | - | - |
Total Investments in Securities: | 11,440,196,682 | 11,439,411,701 | 784,981 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 1,444,854 | 1,444,854 | - | - |
Total Assets | 1,444,854 | 1,444,854 | - | - |
Total Derivative Instruments: | 1,444,854 | 1,444,854 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,444,854 | 0 |
Total Equity Risk | 1,444,854 | 0 |
Total Value of Derivatives | 1,444,854 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $30,993,307) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,160,152,122) | $ | 11,340,795,916 | ||
Fidelity Central Funds (cost $99,400,766) | 99,400,766 | |||
Total Investment in Securities (cost $6,259,552,888) | $ | 11,440,196,682 | ||
Segregated cash with brokers for derivative instruments | 1,565,218 | |||
Cash | 976 | |||
Receivable for fund shares sold | 59,301,027 | |||
Dividends receivable | 8,947,287 | |||
Distributions receivable from Fidelity Central Funds | 63,978 | |||
Receivable for daily variation margin on futures contracts | 639,902 | |||
Prepaid expenses | 9,606 | |||
Receivable from investment adviser for expense reductions | 49,199 | |||
Other receivables | 977 | |||
Total assets | 11,510,774,852 | |||
Liabilities | ||||
Payable for investments purchased | $ | 90,356,063 | ||
Payable for fund shares redeemed | 6,676,664 | |||
Accrued management fee | 137,638 | |||
Other payables and accrued expenses | 48,132 | |||
Collateral on securities loaned | 30,969,408 | |||
Total Liabilities | 128,187,905 | |||
Net Assets | $ | 11,382,586,947 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,309,182,884 | ||
Total accumulated earnings (loss) | 5,073,404,063 | |||
Net Assets | $ | 11,382,586,947 | ||
Net Asset Value , offering price and redemption price per share ($11,382,586,947 ÷ 637,237,567 shares) | $ | 17.86 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 90,732,706 | ||
Interest | 17,591 | |||
Income from Fidelity Central Funds (including $43,572 from security lending) | 678,220 | |||
Total Income | 91,428,517 | |||
Expenses | ||||
Management fee | $ | 807,465 | ||
Custodian fees and expenses | 107,210 | |||
Independent trustees' fees and expenses | 20,735 | |||
Registration fees | 35,873 | |||
Audit | 28,151 | |||
Legal | 12,764 | |||
Interest | 393,351 | |||
Miscellaneous | 34,743 | |||
Total expenses before reductions | 1,440,292 | |||
Expense reductions | (219,178) | |||
Total expenses after reductions | 1,221,114 | |||
Net Investment income (loss) | 90,207,403 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 321,895,155 | |||
Futures contracts | (2,585,082) | |||
Total net realized gain (loss) | 319,310,073 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (523,864,471) | |||
Futures contracts | 1,019,624 | |||
Total change in net unrealized appreciation (depreciation) | (522,844,847) | |||
Net gain (loss) | (203,534,774) | |||
Net increase (decrease) in net assets resulting from operations | $ | (113,327,371) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 90,207,403 | $ | 200,594,435 |
Net realized gain (loss) | 319,310,073 | 932,932,604 | ||
Change in net unrealized appreciation (depreciation) | (522,844,847) | (1,488,595,269) | ||
Net increase (decrease) in net assets resulting from operations | (113,327,371) | (355,068,230) | ||
Distributions to shareholders | (1,089,852,286) | (1,599,790,076) | ||
Share transactions | ||||
Proceeds from sales of shares | 4,985,047,122 | 12,169,424,091 | ||
Reinvestment of distributions | 1,074,867,889 | 1,583,014,796 | ||
Cost of shares redeemed | (5,600,734,813) | (13,638,764,397) | ||
Net increase (decrease) in net assets resulting from share transactions | 459,180,198 | 113,674,490 | ||
Total increase (decrease) in net assets | (743,999,459) | (1,841,183,816) | ||
Net Assets | ||||
Beginning of period | 12,126,586,406 | 13,967,770,222 | ||
End of period | $ | 11,382,586,947 | $ | 12,126,586,406 |
Other Information | ||||
Shares | ||||
Sold | 277,743,112 | 573,830,765 | ||
Issued in reinvestment of distributions | 59,907,420 | 74,073,945 | ||
Redeemed | (310,612,211) | (640,807,880) | ||
Net increase (decrease) | 27,038,321 | 7,096,830 | ||
Fidelity® SAI U.S. Large Cap Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.87 | $ | 23.16 | $ | 17.68 | $ | 16.09 | $ | 15.21 | $ | 13.30 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .30 | .31 | .32 | .30 | .27 | ||||||
Net realized and unrealized gain (loss) | (.27) | (1.23) | 5.94 | 1.56 | .87 | 1.86 | ||||||
Total from investment operations | (.12) | (.93) | 6.25 | 1.88 | 1.17 | 2.13 | ||||||
Distributions from net investment income | (.33) | (.34) | (.35) | (.29) | (.28) | (.19) | ||||||
Distributions from net realized gain | (1.56) | (2.02) | (.42) | - | (.01) | (.03) | ||||||
Total distributions | (1.89) | (2.36) | (.77) | (.29) | (.29) | (.22) | ||||||
Net asset value, end of period | $ | 17.86 | $ | 19.87 | $ | 23.16 | $ | 17.68 | $ | 16.09 | $ | 15.21 |
Total Return C,D | (.45)% | (4.68)% | 36.43% | 11.84% | 7.97% | 16.22% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .03% G | .02% | .02% | .02% | .09% | .09% | ||||||
Expenses net of fee waivers, if any | .02% G | .02% | .02% | .02% | .02% | .02% | ||||||
Expenses net of all reductions | .02% G | .02% | .02% | .02% | .02% | .02% | ||||||
Net investment income (loss) | 1.68% G | 1.43% | 1.52% | 1.97% | 2.00% | 1.87% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 11,382,587 | $ | 12,126,586 | $ | 13,967,770 | $ | 15,406,444 | $ | 14,046,976 | $ | 13,692,497 |
Portfolio turnover rate H | 66% G | 75% | 86% | 80% | 41% | 26% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $5,301,892,372 |
Gross unrealized depreciation | (366,869,257) |
Net unrealized appreciation (depreciation) | $4,935,023,115 |
Tax cost | $6,506,618,421 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI U.S. Large Cap Index Fund | 3,622,284,663 | 4,163,850,075 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Large Cap Index Fund | Borrower | $69,174,689 | 3.25% | $380,778 |
Amount | |
Fidelity SAI U.S. Large Cap Index Fund | $15,042 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity SAI U.S. Large Cap Index Fund | $4,190 | $- | $- |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Large Cap Index Fund | $126,436,000 | 3.58% | $12,573 |
Strategic Advisers Fidelity U.S. Total Stock Fund | |
Fidelity SAI U.S. Large Cap Index Fund | 18% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® SAI U.S. Large Cap Index Fund | .02% | |||||||||
Actual | $ 1,000 | $ 995.50 | $ .10 | |||||||
Hypothetical- B | $ 1,000 | $ 1,025.10 | $ .10 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Meta Platforms, Inc. Class A | 4.1 | |
Exxon Mobil Corp. | 4.1 | |
Bank of America Corp. | 3.5 | |
Wells Fargo & Co. | 3.2 | |
Verizon Communications, Inc. | 3.1 | |
Pfizer, Inc. | 3.1 | |
Comcast Corp. Class A | 3.1 | |
Bristol-Myers Squibb Co. | 2.8 | |
ConocoPhillips Co. | 2.7 | |
AT&T, Inc. | 2.6 | |
32.3 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.3 | |
Communication Services | 15.6 | |
Information Technology | 15.3 | |
Energy | 15.1 | |
Health Care | 14.2 | |
Consumer Discretionary | 5.3 | |
Materials | 5.2 | |
Industrials | 3.2 | |
Consumer Staples | 2.9 | |
Utilities | 0.4 | |
Real Estate | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 1.6% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.8% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 15.6% | |||
Diversified Telecommunication Services - 6.0% | |||
AT&T, Inc. | 1,900,558 | 38,714,366 | |
Liberty Global PLC Class A (a) | 116,346 | 2,523,545 | |
Lumen Technologies, Inc. (b) | 253,857 | 1,332,749 | |
Verizon Communications, Inc. | 1,119,958 | 46,556,654 | |
89,127,314 | |||
Entertainment - 0.6% | |||
Warner Bros Discovery, Inc. (a) | 589,301 | 8,733,441 | |
Interactive Media & Services - 4.2% | |||
Meta Platforms, Inc. Class A (a) | 409,705 | 61,033,752 | |
Ziff Davis, Inc. (a) | 12,583 | 1,125,927 | |
62,159,679 | |||
Media - 4.8% | |||
Charter Communications, Inc. Class A (a) | 28,644 | 11,008,176 | |
Comcast Corp. Class A | 1,150,413 | 45,268,752 | |
DISH Network Corp. Class A (a) | 67,039 | 964,691 | |
Fox Corp. Class A | 115,463 | 3,918,814 | |
News Corp. Class A | 133,839 | 2,711,578 | |
Nexstar Broadcasting Group, Inc. Class A | 10,058 | 2,059,577 | |
Paramount Global Class B (b) | 137,469 | 3,183,782 | |
TEGNA, Inc. | 59,504 | 1,185,915 | |
70,301,285 | |||
TOTAL COMMUNICATION SERVICES | 230,321,719 | ||
CONSUMER DISCRETIONARY - 5.3% | |||
Auto Components - 0.2% | |||
BorgWarner, Inc. | 62,485 | 2,954,291 | |
Automobiles - 2.2% | |||
Ford Motor Co. | 1,053,212 | 14,228,894 | |
General Motors Co. | 378,837 | 14,895,871 | |
Harley-Davidson, Inc. | 35,468 | 1,632,592 | |
Thor Industries, Inc. (b) | 14,335 | 1,366,556 | |
32,123,913 | |||
Hotels, Restaurants & Leisure - 0.4% | |||
Expedia, Inc. (a) | 40,150 | 4,589,145 | |
Penn Entertainment, Inc. (a) | 41,363 | 1,466,318 | |
6,055,463 | |||
Household Durables - 1.7% | |||
D.R. Horton, Inc. | 83,479 | 8,238,543 | |
Lennar Corp. Class A | 71,175 | 7,288,320 | |
Mohawk Industries, Inc. (a) | 14,064 | 1,688,524 | |
PulteGroup, Inc. | 60,658 | 3,450,834 | |
Toll Brothers, Inc. | 28,109 | 1,672,204 | |
Whirlpool Corp. | 14,531 | 2,260,878 | |
24,599,303 | |||
Leisure Products - 0.1% | |||
Brunswick Corp. | 19,337 | 1,630,689 | |
Multiline Retail - 0.1% | |||
Macy's, Inc. | 72,270 | 1,707,740 | |
Specialty Retail - 0.5% | |||
Academy Sports & Outdoors, Inc. | 21,266 | 1,242,360 | |
Asbury Automotive Group, Inc. (a) | 5,903 | 1,298,660 | |
AutoNation, Inc. (a) | 9,123 | 1,156,067 | |
Lithia Motors, Inc. Class A (sub. vtg.) | 7,291 | 1,918,991 | |
Williams-Sonoma, Inc. | 17,791 | 2,400,718 | |
8,016,796 | |||
Textiles, Apparel & Luxury Goods - 0.1% | |||
PVH Corp. | 17,392 | 1,563,541 | |
TOTAL CONSUMER DISCRETIONARY | 78,651,736 | ||
CONSUMER STAPLES - 2.9% | |||
Beverages - 0.2% | |||
Molson Coors Beverage Co. Class B | 50,137 | 2,636,203 | |
Food & Staples Retailing - 1.0% | |||
Kroger Co. | 173,708 | 7,752,588 | |
Walgreens Boots Alliance, Inc. | 191,411 | 7,055,409 | |
14,807,997 | |||
Food Products - 1.7% | |||
Archer Daniels Midland Co. | 146,493 | 12,136,945 | |
The Kraft Heinz Co. | 212,326 | 8,605,573 | |
Tyson Foods, Inc. Class A | 77,232 | 5,078,004 | |
25,820,522 | |||
TOTAL CONSUMER STAPLES | 43,264,722 | ||
ENERGY - 15.1% | |||
Oil, Gas & Consumable Fuels - 15.1% | |||
Antero Resources Corp. (a) | 73,628 | 2,123,432 | |
APA Corp. | 85,837 | 3,805,154 | |
Chesapeake Energy Corp. | 28,575 | 2,478,024 | |
Chord Energy Corp. | 11,091 | 1,589,673 | |
ConocoPhillips Co. | 332,273 | 40,494,111 | |
Coterra Energy, Inc. | 210,232 | 5,262,107 | |
Devon Energy Corp. | 102,317 | 6,470,527 | |
Diamondback Energy, Inc. | 46,925 | 6,856,681 | |
EQT Corp. | 97,874 | 3,197,544 | |
Exxon Mobil Corp. | 517,906 | 60,082,275 | |
HF Sinclair Corp. | 35,857 | 2,040,263 | |
Magnolia Oil & Gas Corp. Class A | 44,622 | 1,053,525 | |
Marathon Oil Corp. | 169,320 | 4,651,220 | |
Marathon Petroleum Corp. | 124,968 | 16,060,887 | |
Matador Resources Co. (b) | 29,924 | 1,979,772 | |
Murphy Oil Corp. | 38,951 | 1,698,653 | |
Occidental Petroleum Corp. | 193,898 | 12,562,651 | |
Ovintiv, Inc. | 66,195 | 3,258,780 | |
PBF Energy, Inc. Class A | 30,478 | 1,279,771 | |
PDC Energy, Inc. | 24,566 | 1,663,855 | |
Phillips 66 Co. | 126,025 | 12,636,527 | |
Pioneer Natural Resources Co. | 52,897 | 12,184,824 | |
Range Resources Corp. | 64,426 | 1,611,939 | |
SM Energy Co. | 32,735 | 1,075,999 | |
Southwestern Energy Co. (a) | 294,675 | 1,626,606 | |
Valero Energy Corp. | 102,803 | 14,395,504 | |
Vitesse Energy, Inc. (a)(b) | 6,239 | 99,574 | |
222,239,878 | |||
FINANCIALS - 22.3% | |||
Banks - 13.4% | |||
Bank of America Corp. | 1,474,818 | 52,326,543 | |
Bank OZK | 29,515 | 1,347,950 | |
Citigroup, Inc. | 516,502 | 26,971,734 | |
Citizens Financial Group, Inc. | 131,327 | 5,689,086 | |
Comerica, Inc. | 34,919 | 2,559,912 | |
East West Bancorp, Inc. | 37,583 | 2,951,017 | |
FNB Corp., Pennsylvania | 93,523 | 1,334,573 | |
Hancock Whitney Corp. | 22,849 | 1,176,267 | |
Huntington Bancshares, Inc. | 363,305 | 5,511,337 | |
KeyCorp | 248,785 | 4,774,184 | |
M&T Bank Corp. | 46,030 | 7,180,680 | |
Popular, Inc. | 19,385 | 1,330,586 | |
Regions Financial Corp. | 229,544 | 5,403,466 | |
Signature Bank | 16,781 | 2,163,910 | |
SVB Financial Group (a) | 15,761 | 4,766,757 | |
Synovus Financial Corp. | 38,788 | 1,627,157 | |
Truist Financial Corp. | 353,806 | 17,474,478 | |
Valley National Bancorp | 112,062 | 1,331,297 | |
Webster Financial Corp. | 46,399 | 2,442,907 | |
Wells Fargo & Co. | 1,016,136 | 47,626,294 | |
Western Alliance Bancorp. | 29,043 | 2,188,971 | |
198,179,106 | |||
Capital Markets - 4.1% | |||
Bank of New York Mellon Corp. | 193,311 | 9,775,737 | |
Carlyle Group LP | 58,172 | 2,092,447 | |
Goldman Sachs Group, Inc. | 90,302 | 33,033,375 | |
Invesco Ltd. | 121,270 | 2,244,708 | |
Jefferies Financial Group, Inc. | 48,885 | 1,920,203 | |
State Street Corp. | 97,847 | 8,936,367 | |
Stifel Financial Corp. | 28,335 | 1,910,062 | |
59,912,899 | |||
Consumer Finance - 2.0% | |||
Ally Financial, Inc. | 79,657 | 2,588,056 | |
Capital One Financial Corp. | 101,793 | 12,113,367 | |
Discover Financial Services | 72,864 | 8,505,415 | |
OneMain Holdings, Inc. | 32,508 | 1,402,395 | |
SLM Corp. | 66,730 | 1,172,446 | |
Synchrony Financial | 120,158 | 4,413,403 | |
30,195,082 | |||
Diversified Financial Services - 0.2% | |||
Equitable Holdings, Inc. | 91,828 | 2,944,924 | |
Insurance - 1.8% | |||
American International Group, Inc. | 198,123 | 12,525,336 | |
Brighthouse Financial, Inc. (a) | 18,431 | 1,037,112 | |
Fidelity National Financial, Inc. | 72,636 | 3,198,163 | |
Old Republic International Corp. | 75,528 | 1,993,184 | |
Principal Financial Group, Inc. | 60,676 | 5,615,564 | |
Unum Group | 49,866 | 2,095,868 | |
26,465,227 | |||
Mortgage Real Estate Investment Trusts - 0.5% | |||
Annaly Capital Management, Inc. | 124,780 | 2,928,587 | |
Blackstone Mortgage Trust, Inc. | 45,568 | 1,086,341 | |
Rithm Capital Corp. | 126,342 | 1,188,878 | |
Starwood Property Trust, Inc. | 82,543 | 1,724,323 | |
6,928,129 | |||
Thrifts & Mortgage Finance - 0.3% | |||
Essent Group Ltd. | 28,729 | 1,264,938 | |
MGIC Investment Corp. | 79,024 | 1,115,819 | |
New York Community Bancorp, Inc. | 181,432 | 1,812,506 | |
4,193,263 | |||
TOTAL FINANCIALS | 328,818,630 | ||
HEALTH CARE - 14.2% | |||
Biotechnology - 2.4% | |||
Gilead Sciences, Inc. | 247,599 | 20,783,460 | |
Moderna, Inc. (a) | 88,107 | 15,512,118 | |
36,295,578 | |||
Health Care Equipment & Supplies - 0.1% | |||
QuidelOrtho Corp. (a) | 14,256 | 1,220,456 | |
Health Care Providers & Services - 5.0% | |||
Centene Corp. (a) | 151,005 | 11,512,621 | |
Cigna Corp. | 81,532 | 25,818,738 | |
CVS Health Corp. | 350,395 | 30,911,847 | |
Laboratory Corp. of America Holdings | 23,627 | 5,956,839 | |
74,200,045 | |||
Life Sciences Tools & Services - 0.1% | |||
Syneos Health, Inc. (a) | 27,440 | 985,645 | |
Pharmaceuticals - 6.6% | |||
Bristol-Myers Squibb Co. | 566,981 | 41,191,170 | |
Elanco Animal Health, Inc. (a) | 118,862 | 1,631,975 | |
Jazz Pharmaceuticals PLC (a) | 16,790 | 2,630,321 | |
Organon & Co. | 67,829 | 2,043,688 | |
Pfizer, Inc. | 1,037,163 | 45,801,118 | |
Viatris, Inc. | 323,388 | 3,932,398 | |
97,230,670 | |||
TOTAL HEALTH CARE | 209,932,394 | ||
INDUSTRIALS - 3.2% | |||
Air Freight & Logistics - 0.8% | |||
FedEx Corp. | 63,843 | 12,376,604 | |
Airlines - 0.8% | |||
Alaska Air Group, Inc. (a) | 33,822 | 1,736,421 | |
Southwest Airlines Co. | 158,334 | 5,663,607 | |
United Airlines Holdings, Inc. (a) | 87,184 | 4,268,529 | |
11,668,557 | |||
Building Products - 0.5% | |||
Builders FirstSource, Inc. (a) | 39,252 | 3,128,384 | |
Owens Corning | 24,926 | 2,409,098 | |
UFP Industries, Inc. | 16,441 | 1,538,056 | |
7,075,538 | |||
Electrical Equipment - 0.3% | |||
Atkore, Inc. (a) | 11,019 | 1,435,225 | |
Regal Rexnord Corp. | 17,640 | 2,455,488 | |
3,890,713 | |||
Machinery - 0.1% | |||
Allison Transmission Holdings, Inc. | 24,663 | 1,111,808 | |
Professional Services - 0.1% | |||
Manpower, Inc. | 13,480 | 1,174,917 | |
Road & Rail - 0.3% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 42,865 | 2,533,322 | |
Ryder System, Inc. | 13,350 | 1,260,374 | |
XPO, Inc. (a) | 30,722 | 1,224,579 | |
5,018,275 | |||
Trading Companies & Distributors - 0.3% | |||
AerCap Holdings NV (a) | 33,439 | 2,113,679 | |
Triton International Ltd. | 15,686 | 1,108,059 | |
Univar Solutions, Inc. (a) | 43,515 | 1,500,397 | |
4,722,135 | |||
TOTAL INDUSTRIALS | 47,038,547 | ||
INFORMATION TECHNOLOGY - 15.3% | |||
Electronic Equipment & Components - 1.3% | |||
Arrow Electronics, Inc. (a) | 16,403 | 1,927,188 | |
Avnet, Inc. | 24,408 | 1,119,839 | |
Coherent Corp. (a) | 36,984 | 1,605,106 | |
Corning, Inc. | 202,990 | 7,025,484 | |
Flex Ltd. (a) | 120,746 | 2,819,419 | |
Jabil, Inc. | 35,904 | 2,823,132 | |
TD SYNNEX Corp. | 11,210 | 1,145,102 | |
18,465,270 | |||
IT Services - 3.6% | |||
Cognizant Technology Solutions Corp. Class A | 137,046 | 9,147,821 | |
DXC Technology Co. (a) | 61,353 | 1,762,672 | |
Fidelity National Information Services, Inc. | 158,238 | 11,874,180 | |
Fiserv, Inc. (a) | 168,033 | 17,925,760 | |
Global Payments, Inc. | 72,108 | 8,128,014 | |
SS&C Technologies Holdings, Inc. | 58,504 | 3,530,716 | |
The Western Union Co. | 102,990 | 1,459,368 | |
53,828,531 | |||
Semiconductors & Semiconductor Equipment - 5.0% | |||
Intel Corp. | 1,100,531 | 31,101,006 | |
Micron Technology, Inc. | 289,987 | 17,486,216 | |
MKS Instruments, Inc. | 15,250 | 1,560,380 | |
Qorvo, Inc. (a) | 27,031 | 2,937,188 | |
Qualcomm, Inc. | 104,485 | 13,918,447 | |
Skyworks Solutions, Inc. | 42,779 | 4,691,573 | |
Synaptics, Inc. (a) | 10,629 | 1,328,944 | |
73,023,754 | |||
Software - 1.7% | |||
Microsoft Corp. | 103,831 | 25,730,360 | |
Technology Hardware, Storage & Peripherals - 3.7% | |||
Apple, Inc. | 243,038 | 35,067,953 | |
Dell Technologies, Inc. | 69,100 | 2,806,842 | |
Hewlett Packard Enterprise Co. | 343,111 | 5,534,380 | |
HP, Inc. | 236,055 | 6,878,643 | |
Western Digital Corp. (a) | 84,706 | 3,722,829 | |
54,010,647 | |||
TOTAL INFORMATION TECHNOLOGY | 225,058,562 | ||
MATERIALS - 5.2% | |||
Chemicals - 2.5% | |||
Celanese Corp. Class A | 26,604 | 3,277,613 | |
CF Industries Holdings, Inc. | 52,262 | 4,426,591 | |
Dow, Inc. | 187,682 | 11,138,927 | |
Eastman Chemical Co. | 32,003 | 2,821,705 | |
Huntsman Corp. | 48,166 | 1,526,381 | |
LyondellBasell Industries NV Class A | 67,736 | 6,549,394 | |
Olin Corp. | 33,973 | 2,194,316 | |
The Chemours Co. LLC | 40,252 | 1,464,770 | |
The Mosaic Co. | 90,761 | 4,496,300 | |
37,895,997 | |||
Containers & Packaging - 0.6% | |||
Berry Global Group, Inc. | 33,361 | 2,059,375 | |
International Paper Co. | 94,850 | 3,966,627 | |
WestRock Co. | 67,818 | 2,661,178 | |
8,687,180 | |||
Metals & Mining - 2.0% | |||
Alcoa Corp. | 47,111 | 2,461,079 | |
Cleveland-Cliffs, Inc. (a) | 137,438 | 2,934,301 | |
Commercial Metals Co. | 31,316 | 1,699,519 | |
Nucor Corp. | 68,420 | 11,564,348 | |
Reliance Steel & Aluminum Co. | 15,657 | 3,561,185 | |
Steel Dynamics, Inc. | 44,491 | 5,367,394 | |
United States Steel Corp. | 62,360 | 1,776,636 | |
29,364,462 | |||
Paper & Forest Products - 0.1% | |||
Louisiana-Pacific Corp. | 19,125 | 1,302,221 | |
TOTAL MATERIALS | 77,249,860 | ||
REAL ESTATE - 0.3% | |||
Equity Real Estate Investment Trusts (REITs) - 0.1% | |||
Medical Properties Trust, Inc. (b) | 159,478 | 2,065,240 | |
Real Estate Management & Development - 0.2% | |||
Jones Lang LaSalle, Inc. (a) | 12,658 | 2,340,084 | |
TOTAL REAL ESTATE | 4,405,324 | ||
UTILITIES - 0.4% | |||
Electric Utilities - 0.1% | |||
NRG Energy, Inc. | 61,441 | 2,102,511 | |
Gas Utilities - 0.2% | |||
ONE Gas, Inc. | 14,438 | 1,189,114 | |
UGI Corp. | 55,838 | 2,224,028 | |
3,413,142 | |||
Independent Power and Renewable Electricity Producers - 0.1% | |||
Clearway Energy, Inc. Class C | 30,604 | 1,034,109 | |
TOTAL UTILITIES | 6,549,762 | ||
TOTAL COMMON STOCKS (Cost $1,225,749,613) | 1,473,531,134 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $294,373) | 300,000 | 294,368 | |
Money Market Funds - 0.7% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) (Cost $9,766,921) | 9,765,945 | 9,766,921 | |
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $1,235,810,907) | 1,483,592,423 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (7,865,587) |
NET ASSETS - 100.0% | 1,475,726,836 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 11 | Mar 2023 | 2,249,500 | 103,774 | 103,774 |
The notional amount of futures purchased as a percentage of Net Assets is 0.2% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $133,447. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 3,169,874 | 147,178,977 | 150,348,851 | 40,098 | - | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 17,391,449 | 86,050,787 | 93,675,315 | 33,967 | - | - | 9,766,921 | 0.0% |
Total | 20,561,323 | 233,229,764 | 244,024,166 | 74,065 | - | - | 9,766,921 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 230,321,719 | 230,321,719 | - | - |
Consumer Discretionary | 78,651,736 | 78,651,736 | - | - |
Consumer Staples | 43,264,722 | 43,264,722 | - | - |
Energy | 222,239,878 | 222,239,878 | - | - |
Financials | 328,818,630 | 328,818,630 | - | - |
Health Care | 209,932,394 | 209,932,394 | - | - |
Industrials | 47,038,547 | 47,038,547 | - | - |
Information Technology | 225,058,562 | 225,058,562 | - | - |
Materials | 77,249,860 | 77,249,860 | - | - |
Real Estate | 4,405,324 | 4,405,324 | - | - |
Utilities | 6,549,762 | 6,549,762 | - | - |
U.S. Government and Government Agency Obligations | 294,368 | - | 294,368 | - |
Money Market Funds | 9,766,921 | 9,766,921 | - | - |
Total Investments in Securities: | 1,483,592,423 | 1,483,298,055 | 294,368 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 103,774 | 103,774 | - | - |
Total Assets | 103,774 | 103,774 | - | - |
Total Derivative Instruments: | 103,774 | 103,774 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 103,774 | 0 |
Total Equity Risk | 103,774 | 0 |
Total Value of Derivatives | 103,774 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $9,732,481) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,226,043,986) | $ | 1,473,825,502 | ||
Fidelity Central Funds (cost $9,766,921) | 9,766,921 | |||
Total Investment in Securities (cost $1,235,810,907) | $ | 1,483,592,423 | ||
Receivable for fund shares sold | 187,320 | |||
Dividends receivable | 2,467,313 | |||
Distributions receivable from Fidelity Central Funds | 12,690 | |||
Receivable for daily variation margin on futures contracts | 34,512 | |||
Prepaid expenses | 2,373 | |||
Total assets | 1,486,296,631 | |||
Liabilities | ||||
Payable to custodian bank | $ | 193,943 | ||
Payable for fund shares redeemed | 466,236 | |||
Accrued management fee | 116,842 | |||
Other payables and accrued expenses | 26,224 | |||
Collateral on securities loaned | 9,766,550 | |||
Total Liabilities | 10,569,795 | |||
Net Assets | $ | 1,475,726,836 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,221,141,130 | ||
Total accumulated earnings (loss) | 254,585,706 | |||
Net Assets | $ | 1,475,726,836 | ||
Net Asset Value , offering price and redemption price per share ($1,475,726,836 ÷ 128,673,987 shares) | $ | 11.47 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 28,444,329 | ||
Interest | 2,752 | |||
Income from Fidelity Central Funds (including $33,967 from security lending) | 74,065 | |||
Total Income | 28,521,146 | |||
Expenses | ||||
Management fee | $ | 960,600 | ||
Custodian fees and expenses | 17,750 | |||
Independent trustees' fees and expenses | 4,393 | |||
Registration fees | 30,079 | |||
Audit | 28,830 | |||
Legal | 2,840 | |||
Interest | 152,494 | |||
Miscellaneous | 7,981 | |||
Total Expenses | 1,204,967 | |||
Net Investment income (loss) | 27,316,179 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 35,717,278 | |||
Futures contracts | 50,139 | |||
Total net realized gain (loss) | 35,767,417 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (89,439,789) | |||
Futures contracts | (513,955) | |||
Total change in net unrealized appreciation (depreciation) | (89,953,744) | |||
Net gain (loss) | (54,186,327) | |||
Net increase (decrease) in net assets resulting from operations | $ | (26,870,148) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 27,316,179 | $ | 87,321,649 |
Net realized gain (loss) | 35,767,417 | 413,578,336 | ||
Change in net unrealized appreciation (depreciation) | (89,953,744) | (267,711,209) | ||
Net increase (decrease) in net assets resulting from operations | (26,870,148) | 233,188,776 | ||
Distributions to shareholders | (299,214,923) | (211,360,654) | ||
Share transactions | ||||
Proceeds from sales of shares | 125,777,268 | 254,286,545 | ||
Reinvestment of distributions | 289,927,267 | 205,252,752 | ||
Cost of shares redeemed | (1,566,433,395) | (1,118,086,652) | ||
Net increase (decrease) in net assets resulting from share transactions | (1,150,728,860) | (658,547,355) | ||
Total increase (decrease) in net assets | (1,476,813,931) | (636,719,233) | ||
Net Assets | ||||
Beginning of period | 2,952,540,767 | 3,589,260,000 | ||
End of period | $ | 1,475,726,836 | $ | 2,952,540,767 |
Other Information | ||||
Shares | ||||
Sold | 11,563,555 | 20,783,344 | ||
Issued in reinvestment of distributions | 26,793,151 | 17,137,513 | ||
Redeemed | (153,103,595) | (88,301,534) | ||
Net increase (decrease) | (114,746,889) | (50,380,677) | ||
Fidelity® SAI U.S. Value Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.13 | $ | 12.22 | $ | 8.82 | $ | 10.06 | $ | 10.36 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .16 | .31 | .31 | .29 | .25 | .14 | ||||||
Net realized and unrealized gain (loss) | .55 | .31 | 3.35 | (1.27) | (.22) | .23 | ||||||
Total from investment operations | .71 | .62 | 3.66 | (.98) | .03 | .37 | ||||||
Distributions from net investment income | (.38) | (.28) | (.26) | (.26) | (.19) | (.01) | ||||||
Distributions from net realized gain | (.99) | (.42) | - | - | (.14) | - | ||||||
Total distributions | (1.37) | (.71) D | (.26) | (.26) | (.33) | (.01) | ||||||
Net asset value, end of period | $ | 11.47 | $ | 12.13 | $ | 12.22 | $ | 8.82 | $ | 10.06 | $ | 10.36 |
Total Return E,F | 6.65% | 5.21% | 42.39% | (10.13)% | .62% | 3.67% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | .12% I | .10% | .11% | .11% | .21% | .28% I | ||||||
Expenses net of fee waivers, if any | .12% I | .10% | .11% | .11% | .15% | .15% I | ||||||
Expenses net of all reductions | .12% I | .10% | .11% | .11% | .15% | .15% I | ||||||
Net investment income (loss) | 2.82% I | 2.49% | 2.89% | 3.12% | 2.61% | 2.20% I | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,475,727 | $ | 2,952,541 | $ | 3,589,260 | $ | 2,282,301 | $ | 1,788,140 | $ | 1,958,157 |
Portfolio turnover rate J | 67% I | 62% | 80% | 82% | 99% | 113% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $303,548,446 |
Gross unrealized depreciation | (77,324,008) |
Net unrealized appreciation (depreciation) | $226,224,438 |
Tax cost | $1,257,471,759 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI U.S. Value Index Fund | 650,181,604 | 2,066,114,437 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Value Index Fund | Borrower | $71,650,381 | 3.18% | $133,099 |
Amount | |
Fidelity SAI U.S. Value Index Fund | $3,300 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity SAI U.S. Value Index Fund | $3,555 | $- | $- |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Value Index Fund | $24,345,250 | 3.59% | $19,395 |
Strategic Advisers Fidelity U.S. Total Stock Fund | |
Fidelity SAI U.S. Value Index Fund | 57% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® SAI U.S. Value Index Fund | .12% | |||||||||
Actual | $ 1,000 | $ 1,066.50 | $ .63 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.60 | $ .61 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Prologis (REIT), Inc. | 8.7 | |
American Tower Corp. | 7.5 | |
Equinix, Inc. | 4.9 | |
Crown Castle International Corp. | 4.6 | |
Public Storage | 3.5 | |
Simon Property Group, Inc. | 3.1 | |
Realty Income Corp. | 3.0 | |
Welltower, Inc. | 2.5 | |
VICI Properties, Inc. | 2.4 | |
Digital Realty Trust, Inc. | 2.4 | |
42.6 | ||
Top Five REIT Sectors (% of Fund's net assets) | ||
REITs - Diversified | 23.3 | |
REITs - Warehouse/Industrial | 11.6 | |
REITs - Management/Investment | 10.9 | |
REITs - Apartments | 10.6 | |
REITs - Storage | 7.9 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 0.2% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.6% | |||
Shares | Value ($) | ||
Equity Real Estate Investment Trusts (REITs) - 94.6% | |||
REITs - Apartments - 10.6% | |||
American Homes 4 Rent Class A | 19,912 | 682,782 | |
Apartment Investment & Management Co. Class A | 9,299 | 69,835 | |
AvalonBay Communities, Inc. | 8,901 | 1,579,393 | |
Camden Property Trust (SBI) | 6,476 | 797,908 | |
Centerspace (a) | 980 | 66,268 | |
Equity Residential (SBI) | 22,747 | 1,447,847 | |
Essex Property Trust, Inc. | 4,163 | 941,129 | |
Independence Realty Trust, Inc. | 14,433 | 271,773 | |
Invitation Homes, Inc. | 38,935 | 1,265,388 | |
Mid-America Apartment Communities, Inc. | 7,371 | 1,228,893 | |
UDR, Inc. | 20,270 | 863,299 | |
9,214,515 | |||
REITs - Diversified - 23.3% | |||
Alexander & Baldwin, Inc. | 4,479 | 89,670 | |
Apartment Income (REIT) Corp. | 10,005 | 382,791 | |
Apple Hospitality (REIT), Inc. | 13,841 | 245,401 | |
Armada Hoffler Properties, Inc. (a) | 4,340 | 55,031 | |
Broadstone Net Lease, Inc. | 10,911 | 197,598 | |
Cousins Properties, Inc. (a) | 9,547 | 261,779 | |
Crown Castle International Corp. | 26,823 | 3,972,755 | |
Digital Realty Trust, Inc. | 18,118 | 2,076,685 | |
Elme Communities (SBI) | 5,282 | 101,414 | |
EPR Properties | 4,749 | 201,738 | |
Equinix, Inc. | 5,780 | 4,266,391 | |
Gaming & Leisure Properties | 16,160 | 865,530 | |
Gladstone Commercial Corp. | 2,584 | 43,902 | |
Gladstone Land Corp. | 2,111 | 41,249 | |
Global Net Lease, Inc. | 6,368 | 95,202 | |
InvenTrust Properties Corp. | 4,263 | 106,021 | |
Lamar Advertising Co. Class A | 5,516 | 587,675 | |
Necessity Retail (REIT), Inc./The | 8,198 | 55,992 | |
NexPoint Diversified Real Estate Trust | 330 | 4,320 | |
NexPoint Residential Trust, Inc. | 1,483 | 74,892 | |
One Liberty Properties, Inc. (a) | 1,143 | 27,558 | |
Outfront Media, Inc. | 9,218 | 183,438 | |
Potlatch Corp. (a) | 5,184 | 253,757 | |
Safehold, Inc. (a) | 1,792 | 62,648 | |
SBA Communications Corp. Class A | 6,842 | 2,035,700 | |
Store Capital Corp. | 15,827 | 509,788 | |
Uniti Group, Inc. (a) | 16,069 | 105,895 | |
VICI Properties, Inc. | 61,178 | 2,091,064 | |
Vornado Realty Trust | 10,367 | 252,851 | |
WP Carey, Inc. | 12,235 | 1,046,460 | |
20,295,195 | |||
REITs - Health Care - 7.2% | |||
CareTrust (REIT), Inc. | 6,168 | 127,801 | |
Community Healthcare Trust, Inc. | 1,611 | 69,080 | |
Diversified Healthcare Trust (SBI) | 16,511 | 13,067 | |
Global Medical REIT, Inc. | 4,692 | 52,691 | |
Healthcare Trust of America, Inc. | 24,173 | 520,445 | |
Healthpeak Properties, Inc. | 34,260 | 941,465 | |
LTC Properties, Inc. | 2,447 | 93,353 | |
Medical Properties Trust, Inc. (a) | 38,399 | 497,267 | |
Physicians Realty Trust | 14,166 | 224,673 | |
Sabra Health Care REIT, Inc. | 14,654 | 197,829 | |
Universal Health Realty Income Trust (SBI) (a) | 885 | 48,507 | |
Ventas, Inc. | 25,299 | 1,310,741 | |
Welltower, Inc. | 28,805 | 2,161,527 | |
6,258,446 | |||
REITs - Health Care Facilities - 0.7% | |||
National Health Investors, Inc. | 2,898 | 170,489 | |
Omega Healthcare Investors, Inc. | 14,992 | 441,364 | |
611,853 | |||
REITs - Hotels - 2.6% | |||
Chatham Lodging Trust | 2,863 | 40,683 | |
DiamondRock Hospitality Co. | 13,552 | 130,506 | |
Host Hotels & Resorts, Inc. | 45,412 | 856,016 | |
Park Hotels & Resorts, Inc. | 14,846 | 218,385 | |
Pebblebrook Hotel Trust | 8,434 | 138,318 | |
RLJ Lodging Trust | 10,472 | 131,633 | |
Ryman Hospitality Properties, Inc. | 3,325 | 308,859 | |
Service Properties Trust | 10,661 | 94,990 | |
Summit Hotel Properties, Inc. | 6,888 | 58,686 | |
Sunstone Hotel Investors, Inc. | 13,710 | 150,673 | |
Xenia Hotels & Resorts, Inc. (a) | 7,289 | 108,606 | |
2,237,355 | |||
REITs - Industrial Buildings - 0.5% | |||
Stag Industrial, Inc. | 11,518 | 410,041 | |
REITs - Management/Investment - 10.9% | |||
American Assets Trust, Inc. | 3,316 | 94,373 | |
American Tower Corp. | 29,264 | 6,537,285 | |
Empire State Realty Trust, Inc. (a) | 9,090 | 75,811 | |
iStar Financial, Inc. | 5,400 | 50,112 | |
LXP Industrial Trust (REIT) | 18,140 | 209,517 | |
National Retail Properties, Inc. | 10,957 | 518,814 | |
Rayonier, Inc. (a) | 9,252 | 336,680 | |
UMH Properties, Inc. | 3,479 | 62,344 | |
Weyerhaeuser Co. | 47,407 | 1,632,223 | |
9,517,159 | |||
REITs - Manufactured Homes - 2.3% | |||
Equity Lifestyle Properties, Inc. | 11,183 | 802,716 | |
Sun Communities, Inc. | 7,746 | 1,215,038 | |
2,017,754 | |||
REITs - Office Buildings - 0.1% | |||
Office Properties Income Trust | 3,239 | 55,581 | |
REITs - Office Property - 4.8% | |||
Alexandria Real Estate Equities, Inc. | 9,861 | 1,585,057 | |
Boston Properties, Inc. | 9,473 | 706,117 | |
Brandywine Realty Trust (SBI) | 11,575 | 75,932 | |
City Office REIT, Inc. | 2,690 | 26,470 | |
Corporate Office Properties Trust (SBI) | 7,057 | 198,090 | |
Douglas Emmett, Inc. (a) | 11,373 | 190,498 | |
Easterly Government Properties, Inc. (a) | 5,533 | 89,856 | |
Equity Commonwealth | 6,660 | 169,963 | |
Franklin Street Properties Corp. | 6,753 | 20,799 | |
Highwoods Properties, Inc. (SBI) | 6,837 | 207,640 | |
Hudson Pacific Properties, Inc. | 9,253 | 105,392 | |
JBG SMITH Properties | 7,112 | 143,236 | |
Kilroy Realty Corp. | 6,703 | 275,091 | |
Orion Office (REIT), Inc. | 3,638 | 35,107 | |
Paramount Group, Inc. | 10,912 | 70,382 | |
Piedmont Office Realty Trust, Inc. Class A | 7,926 | 84,016 | |
SL Green Realty Corp. | 4,078 | 167,810 | |
Veris Residential, Inc. (a)(b) | 4,894 | 84,666 | |
4,236,122 | |||
REITs - Regional Malls - 3.4% | |||
CBL & Associates Properties, Inc. | 805 | 21,453 | |
Simon Property Group, Inc. | 20,840 | 2,677,106 | |
Tanger Factory Outlet Centers, Inc. | 6,655 | 127,177 | |
The Macerich Co. | 13,735 | 188,719 | |
3,014,455 | |||
REITs - Shopping Centers - 7.3% | |||
Acadia Realty Trust (SBI) | 6,115 | 94,966 | |
Alexanders, Inc. | 140 | 33,219 | |
Brixmor Property Group, Inc. | 18,892 | 444,529 | |
Federal Realty Investment Trust (SBI) | 4,547 | 507,127 | |
Kimco Realty Corp. | 39,251 | 881,577 | |
Kite Realty Group Trust | 14,020 | 304,234 | |
Phillips Edison & Co., Inc. | 7,287 | 244,260 | |
Realty Income Corp. | 38,540 | 2,614,168 | |
Regency Centers Corp. | 9,849 | 656,239 | |
Retail Opportunity Investments Corp. | 7,986 | 126,418 | |
RPT Realty (a) | 5,734 | 60,092 | |
Saul Centers, Inc. | 878 | 37,587 | |
SITE Centers Corp. | 12,554 | 171,362 | |
Urban Edge Properties | 7,560 | 119,070 | |
Urstadt Biddle Properties, Inc. Class A | 1,854 | 34,818 | |
6,329,666 | |||
REITs - Single Tenant - 1.4% | |||
Agree Realty Corp. | 4,782 | 356,881 | |
Essential Properties Realty Trust, Inc. | 8,633 | 219,969 | |
Four Corners Property Trust, Inc. | 5,086 | 146,273 | |
Getty Realty Corp. | 2,485 | 90,529 | |
NETSTREIT Corp. (a) | 3,321 | 66,852 | |
Spirit Realty Capital, Inc. | 8,518 | 373,770 | |
1,254,274 | |||
REITs - Storage - 7.9% | |||
CubeSmart | 14,337 | 656,491 | |
Extra Space Storage, Inc. | 8,546 | 1,348,815 | |
Iron Mountain, Inc. | 18,404 | 1,004,490 | |
Life Storage, Inc. | 5,403 | 583,740 | |
National Storage Affiliates Trust | 5,716 | 233,213 | |
Public Storage | 10,038 | 3,054,965 | |
6,881,714 | |||
REITs - Warehouse/Industrial - 11.6% | |||
Americold Realty Trust | 17,039 | 535,195 | |
EastGroup Properties, Inc. | 2,669 | 449,059 | |
First Industrial Realty Trust, Inc. (a) | 8,412 | 448,780 | |
Industrial Logistics Properties Trust | 4,687 | 20,670 | |
Plymouth Industrial REIT, Inc. | 2,758 | 61,724 | |
Prologis (REIT), Inc. | 58,634 | 7,580,203 | |
Rexford Industrial Realty, Inc. | 10,642 | 675,448 | |
Terreno Realty Corp. | 4,886 | 314,805 | |
10,085,884 | |||
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS) | 82,420,014 | ||
Real Estate Management & Development - 5.0% | |||
Diversified Real Estate Activities - 0.1% | |||
The RMR Group, Inc. | 909 | 28,197 | |
The St. Joe Co. | 2,104 | 99,098 | |
127,295 | |||
Real Estate Development - 0.3% | |||
Forestar Group, Inc. (b) | 1,179 | 17,544 | |
Howard Hughes Corp. (b) | 2,406 | 205,689 | |
223,233 | |||
Real Estate Operating Companies - 0.4% | |||
Digitalbridge Group, Inc. | 9,699 | 143,545 | |
FRP Holdings, Inc. (b) | 304 | 17,076 | |
Kennedy-Wilson Holdings, Inc. | 7,616 | 136,174 | |
WeWork, Inc. (a)(b) | 13,221 | 21,021 | |
317,816 | |||
Real Estate Services - 4.2% | |||
Anywhere Real Estate, Inc. (b) | 7,311 | 61,997 | |
CBRE Group, Inc. (b) | 20,642 | 1,765,097 | |
Compass, Inc. (b) | 15,866 | 63,781 | |
Cushman & Wakefield PLC (b) | 9,282 | 133,939 | |
Doma Holdings, Inc. Class A (b) | 11,443 | 8,125 | |
Douglas Elliman, Inc. | 5,220 | 24,325 | |
eXp World Holdings, Inc. (a) | 4,923 | 76,750 | |
Jones Lang LaSalle, Inc. (b) | 3,076 | 568,660 | |
Marcus & Millichap, Inc. | 1,539 | 55,773 | |
Newmark Group, Inc. | 10,461 | 89,651 | |
Offerpad Solutions, Inc. (a)(b) | 6,552 | 6,011 | |
Opendoor Technologies, Inc. (a)(b) | 28,248 | 61,863 | |
RE/MAX Holdings, Inc. | 1,168 | 26,642 | |
Redfin Corp. (a)(b) | 7,110 | 53,183 | |
Zillow Group, Inc. Class C (a)(b) | 14,156 | 625,837 | |
3,621,634 | |||
REITs - Shopping Centers - 0.0% | |||
Seritage Growth Properties (a)(b) | 2,315 | 28,127 | |
TOTAL REAL ESTATE MANAGEMENT & DEVELOPMENT | 4,318,105 | ||
TOTAL COMMON STOCKS (Cost $70,710,881) | 86,738,119 | ||
U.S. Treasury Obligations - 0.1% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $98,124) | 100,000 | 98,123 | |
Money Market Funds - 2.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (e) | 168,505 | 168,538 | |
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 2,042,459 | 2,042,663 | |
TOTAL MONEY MARKET FUNDS (Cost $2,211,201) | 2,211,201 | ||
TOTAL INVESTMENT IN SECURITIES - 102.2% (Cost $73,020,206) | 89,047,443 |
NET OTHER ASSETS (LIABILITIES) - (2.2)% | (1,918,256) |
NET ASSETS - 100.0% | 87,129,187 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CBOT Dow Jones U.S. Real Estate Index Contracts (United States) | 3 | Mar 2023 | 108,120 | 8,461 | 8,461 |
CME E-mini S&P MidCap 400 Index Contracts (United States) | 1 | Mar 2023 | 266,290 | 22,486 | 22,486 |
TOTAL FUTURES CONTRACTS | 30,947 | ||||
The notional amount of futures purchased as a percentage of Net Assets is 0.4% |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $28,456. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 1,155,031 | 4,205,207 | 5,191,700 | 7,247 | - | - | 168,538 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 3,415,032 | 8,156,394 | 9,528,763 | 4,805 | - | - | 2,042,663 | 0.0% |
Total | 4,570,063 | 12,361,601 | 14,720,463 | 12,052 | - | - | 2,211,201 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 86,738,119 | 86,738,119 | - | - |
U.S. Treasury Obligations | 98,123 | - | 98,123 | - |
Money Market Funds | 2,211,201 | 2,211,201 | - | - |
Total Investments in Securities: | 89,047,443 | 88,949,320 | 98,123 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 30,947 | 30,947 | - | - |
Total Assets | 30,947 | 30,947 | - | - |
Total Derivative Instruments: | 30,947 | 30,947 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 30,947 | 0 |
Total Equity Risk | 30,947 | 0 |
Total Value of Derivatives | 30,947 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,026,386) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $70,809,005) | $ | 86,836,242 | ||
Fidelity Central Funds (cost $2,211,201) | 2,211,201 | |||
Total Investment in Securities (cost $73,020,206) | $ | 89,047,443 | ||
Cash | 41,491 | |||
Dividends receivable | 78,387 | |||
Distributions receivable from Fidelity Central Funds | 1,653 | |||
Receivable for daily variation margin on futures contracts | 8,200 | |||
Prepaid expenses | 322 | |||
Receivable from investment adviser for expense reductions | 18,440 | |||
Other receivables | 10,049 | |||
Total assets | 89,205,985 | |||
Liabilities | ||||
Accrued management fee | $ | 4,849 | ||
Other payables and accrued expenses | 28,868 | |||
Collateral on securities loaned | 2,043,081 | |||
Total Liabilities | 2,076,798 | |||
Net Assets | $ | 87,129,187 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 65,955,804 | ||
Total accumulated earnings (loss) | 21,173,383 | |||
Net Assets | $ | 87,129,187 | ||
Net Asset Value , offering price and redemption price per share ($87,129,187 ÷ 11,698,200 shares) | $ | 7.45 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 2,289,750 | ||
Interest | 739 | |||
Income from Fidelity Central Funds (including $4,805 from security lending) | 12,052 | |||
Total Income | 2,302,541 | |||
Expenses | ||||
Management fee | $ | 49,630 | ||
Custodian fees and expenses | 5,132 | |||
Independent trustees' fees and expenses | 415 | |||
Registration fees | 20,953 | |||
Audit | 27,437 | |||
Legal | 468 | |||
Interest | 19,640 | |||
Miscellaneous | 1,226 | |||
Total expenses before reductions | 124,901 | |||
Expense reductions | (54,208) | |||
Total expenses after reductions | 70,693 | |||
Net Investment income (loss) | 2,231,848 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 36,438,265 | |||
Futures contracts | (15,943) | |||
Total net realized gain (loss) | 36,422,322 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (71,925,568) | |||
Futures contracts | (123,109) | |||
Total change in net unrealized appreciation (depreciation) | (72,048,677) | |||
Net gain (loss) | (35,626,355) | |||
Net increase (decrease) in net assets resulting from operations | $ | (33,394,507) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,231,848 | $ | 14,994,478 |
Net realized gain (loss) | 36,422,322 | 64,885,646 | ||
Change in net unrealized appreciation (depreciation) | (72,048,677) | (111,893,551) | ||
Net increase (decrease) in net assets resulting from operations | (33,394,507) | (32,013,427) | ||
Distributions to shareholders | (64,713,259) | (38,757,231) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,407,824 | 60,936,662 | ||
Reinvestment of distributions | 64,704,858 | 38,748,944 | ||
Cost of shares redeemed | (287,662,387) | (369,953,984) | ||
Net increase (decrease) in net assets resulting from share transactions | (221,549,705) | (270,268,378) | ||
Total increase (decrease) in net assets | (319,657,471) | (341,039,036) | ||
Net Assets | ||||
Beginning of period | 406,786,658 | 747,825,694 | ||
End of period | $ | 87,129,187 | $ | 406,786,658 |
Other Information | ||||
Shares | ||||
Sold | 128,760 | 4,808,281 | ||
Issued in reinvestment of distributions | 7,441,997 | 2,912,448 | ||
Redeemed | (29,823,123) | (30,563,748) | ||
Net increase (decrease) | (22,252,366) | (22,843,019) | ||
Fidelity® SAI Real Estate Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.98 | $ | 13.17 | $ | 9.67 | $ | 11.88 | $ | 11.11 | $ | 11.08 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .29 | .28 | .36 | .37 | .33 | ||||||
Net realized and unrealized gain (loss) | (.95) | (.79) | 3.48 | (2.20) | .79 | .08 | ||||||
Total from investment operations | (.80) | (.50) | 3.76 | (1.84) | 1.16 | .41 | ||||||
Distributions from net investment income | (.34) | (.21) | (.26) | (.30) | (.37) | (.33) | ||||||
Distributions from net realized gain | (3.39) | (.48) | - | (.07) | (.02) | (.05) | ||||||
Total distributions | (3.73) | (.69) | (.26) | (.37) | (.39) | (.38) | ||||||
Net asset value, end of period | $ | 7.45 | $ | 11.98 | $ | 13.17 | $ | 9.67 | $ | 11.88 | $ | 11.11 |
Total Return C,D | (5.61)% | (4.24)% | 39.72% | (16.04)% | 10.79% | 3.87% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .17% G | .09% | .09% | .16% | .15% | .15% | ||||||
Expenses net of fee waivers, if any | .10% G | .07% | .07% | .07% | .07% | .07% | ||||||
Expenses net of all reductions | .10% G | .07% | .07% | .07% | .07% | .07% | ||||||
Net investment income (loss) | 3.09% G | 2.28% | 2.58% | 3.52% | 3.31% | 3.11% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 87,129 | $ | 406,787 | $ | 747,826 | $ | 572,828 | $ | 104,696 | $ | 95,437 |
Portfolio turnover rate H | 5% G | 13% | 53% | 82% | 9% | 8% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $19,199,244 |
Gross unrealized depreciation | (3,545,784) |
Net unrealized appreciation (depreciation) | $15,653,460 |
Tax cost | $73,424,930 |
No expiration | |
Short-term | $(820,212) |
Long-term | (11,418,962) |
Total capital loss carryforward | $(12,239,174) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI Real Estate Index Fund | 4,327,179 | 284,939,224 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI Real Estate Index Fund | Borrower | $ 17,649,000 | 2.56% | $2,515 |
Amount | |
Fidelity SAI Real Estate Index Fund | $414 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity SAI Real Estate Index Fund | $437 | $15 | $9,900 |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI Real Estate Index Fund | $35,785,667 | 2.87% | $17,125 |
Strategic Advisers Small-Mid Cap Fund | |
Fidelity SAI Real Estate Index Fund | 99% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® SAI Real Estate Index Fund | .10% | |||||||||
Actual | $ 1,000 | $ 943.90 | $ .49 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.70 | $ .51 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. | 8.7 | |
Microsoft Corp. | 7.8 | |
Alphabet, Inc. Class A | 5.9 | |
Meta Platforms, Inc. Class A | 4.7 | |
Visa, Inc. Class A | 4.2 | |
MasterCard, Inc. Class A | 3.9 | |
Procter & Gamble Co. | 3.8 | |
The Coca-Cola Co. | 3.6 | |
AbbVie, Inc. | 3.5 | |
Pfizer, Inc. | 3.3 | |
49.4 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 36.1 | |
Health Care | 23.8 | |
Consumer Staples | 13.2 | |
Communication Services | 11.4 | |
Industrials | 4.9 | |
Financials | 4.9 | |
Consumer Discretionary | 2.1 | |
Energy | 2.1 | |
Real Estate | 0.9 | |
Materials | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 3.7% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 11.4% | |||
Entertainment - 0.8% | |||
Activision Blizzard, Inc. | 1,228,498 | 94,066,092 | |
Interactive Media & Services - 10.6% | |||
Alphabet, Inc. Class A (a) | 6,739,029 | 666,085,626 | |
Meta Platforms, Inc. Class A (a) | 3,504,625 | 522,083,986 | |
1,188,169,612 | |||
TOTAL COMMUNICATION SERVICES | 1,282,235,704 | ||
CONSUMER DISCRETIONARY - 2.1% | |||
Household Durables - 0.3% | |||
NVR, Inc. (a) | 6,288 | 33,137,760 | |
Specialty Retail - 1.8% | |||
AutoZone, Inc. (a) | 40,349 | 98,405,159 | |
O'Reilly Automotive, Inc. (a) | 131,996 | 104,587,031 | |
202,992,190 | |||
TOTAL CONSUMER DISCRETIONARY | 236,129,950 | ||
CONSUMER STAPLES - 13.2% | |||
Beverages - 3.8% | |||
Brown-Forman Corp. Class B (non-vtg.) | 378,560 | 25,204,525 | |
The Coca-Cola Co. | 6,494,555 | 398,246,113 | |
423,450,638 | |||
Household Products - 4.9% | |||
Colgate-Palmolive Co. | 1,726,989 | 128,712,490 | |
Procter & Gamble Co. | 2,990,539 | 425,792,943 | |
554,505,433 | |||
Tobacco - 4.5% | |||
Altria Group, Inc. | 3,728,482 | 167,930,829 | |
Philip Morris International, Inc. | 3,209,507 | 334,559,010 | |
502,489,839 | |||
TOTAL CONSUMER STAPLES | 1,480,445,910 | ||
ENERGY - 2.1% | |||
Oil, Gas & Consumable Fuels - 2.1% | |||
DT Midstream, Inc. | 200,281 | 10,947,359 | |
EOG Resources, Inc. | 1,213,367 | 160,467,786 | |
Marathon Oil Corp. | 1,402,891 | 38,537,416 | |
Texas Pacific Land Corp. (b) | 12,790 | 25,526,922 | |
235,479,483 | |||
FINANCIALS - 4.9% | |||
Capital Markets - 1.6% | |||
Ameriprise Financial, Inc. | 223,950 | 78,409,374 | |
Evercore, Inc. Class A | 74,561 | 9,678,763 | |
Houlihan Lokey | 101,373 | 10,043,023 | |
Lazard Ltd. Class A (b) | 233,474 | 9,357,638 | |
SEI Investments Co. | 213,196 | 13,309,826 | |
T. Rowe Price Group, Inc. (b) | 462,178 | 53,829,872 | |
174,628,496 | |||
Insurance - 3.3% | |||
Aon PLC | 436,708 | 139,170,105 | |
Marsh & McLennan Companies, Inc. | 1,020,574 | 178,508,598 | |
Principal Financial Group, Inc. (b) | 479,906 | 44,415,300 | |
RLI Corp. | 83,601 | 11,072,952 | |
373,166,955 | |||
TOTAL FINANCIALS | 547,795,451 | ||
HEALTH CARE - 23.8% | |||
Biotechnology - 9.7% | |||
AbbVie, Inc. | 2,631,802 | 388,848,746 | |
Amgen, Inc. | 1,086,224 | 274,162,938 | |
Biogen, Inc. (a) | 300,447 | 87,400,032 | |
Regeneron Pharmaceuticals, Inc. (a) | 221,930 | 168,327,247 | |
Vertex Pharmaceuticals, Inc. (a) | 530,981 | 171,559,961 | |
1,090,298,924 | |||
Health Care Equipment & Supplies - 4.1% | |||
Edwards Lifesciences Corp. (a) | 1,283,550 | 98,448,285 | |
Hologic, Inc. (a) | 507,083 | 41,261,344 | |
IDEXX Laboratories, Inc. (a) | 170,817 | 82,077,569 | |
Medtronic PLC | 2,751,001 | 230,231,274 | |
452,018,472 | |||
Health Care Technology - 0.5% | |||
Doximity, Inc. (a)(b) | 228,714 | 8,066,743 | |
Veeva Systems, Inc. Class A (a) | 290,030 | 49,464,617 | |
57,531,360 | |||
Life Sciences Tools & Services - 4.2% | |||
Bio-Techne Corp. | 324,925 | 25,883,526 | |
Danaher Corp. | 1,355,513 | 358,370,527 | |
Medpace Holdings, Inc. (a) | 51,987 | 11,492,766 | |
Mettler-Toledo International, Inc. (a) | 46,599 | 71,432,539 | |
467,179,358 | |||
Pharmaceuticals - 5.3% | |||
Merck & Co., Inc. | 623,652 | 66,986,461 | |
Pfizer, Inc. (b) | 8,332,905 | 367,981,085 | |
Zoetis, Inc. Class A (b) | 969,250 | 160,401,183 | |
595,368,729 | |||
TOTAL HEALTH CARE | 2,662,396,843 | ||
INDUSTRIALS - 4.9% | |||
Air Freight & Logistics - 0.3% | |||
Expeditors International of Washington, Inc. | 338,712 | 36,631,703 | |
Building Products - 0.3% | |||
Masco Corp. (b) | 466,924 | 24,840,357 | |
Trex Co., Inc. (a) | 228,292 | 12,035,554 | |
36,875,911 | |||
Industrial Conglomerates - 0.8% | |||
3M Co. (b) | 777,617 | 89,488,164 | |
Machinery - 1.1% | |||
Nordson Corp. | 108,508 | 26,399,996 | |
Otis Worldwide Corp. (b) | 870,062 | 71,545,198 | |
Snap-On, Inc. | 110,288 | 27,431,934 | |
125,377,128 | |||
Professional Services - 1.3% | |||
CoStar Group, Inc. (a) | 805,670 | 62,761,693 | |
Robert Half International, Inc. | 224,715 | 18,867,071 | |
Verisk Analytics, Inc. | 324,975 | 59,077,205 | |
140,705,969 | |||
Road & Rail - 0.6% | |||
Old Dominion Freight Lines, Inc. | 189,765 | 63,237,289 | |
Trading Companies & Distributors - 0.5% | |||
Fastenal Co. | 1,189,834 | 60,146,109 | |
TOTAL INDUSTRIALS | 552,462,273 | ||
INFORMATION TECHNOLOGY - 36.1% | |||
Electronic Equipment & Components - 0.2% | |||
Cognex Corp. (b) | 359,007 | 19,652,043 | |
IT Services - 10.9% | |||
Automatic Data Processing, Inc. | 860,300 | 194,264,343 | |
MasterCard, Inc. Class A | 1,197,074 | 443,635,624 | |
Paychex, Inc. | 663,195 | 76,837,773 | |
VeriSign, Inc. (a) | 193,246 | 42,137,290 | |
Visa, Inc. Class A (b) | 2,054,345 | 472,930,762 | |
1,229,805,792 | |||
Semiconductors & Semiconductor Equipment - 3.0% | |||
Texas Instruments, Inc. | 1,891,769 | 335,240,384 | |
Software - 13.3% | |||
Adobe, Inc. (a) | 968,962 | 358,845,387 | |
Cadence Design Systems, Inc. (a) | 259,828 | 47,504,353 | |
Check Point Software Technologies Ltd. (a) | 210,321 | 26,752,831 | |
Dropbox, Inc. Class A (a) | 569,955 | 13,240,055 | |
Fair Isaac Corp. (a)(b) | 52,285 | 34,819,196 | |
Fortinet, Inc. (a) | 1,355,041 | 70,922,846 | |
Manhattan Associates, Inc. (a) | 129,855 | 16,927,898 | |
Microsoft Corp. | 3,544,167 | 878,280,024 | |
Paycom Software, Inc. (a) | 100,637 | 32,600,350 | |
Qualys, Inc. (a) | 72,281 | 8,338,336 | |
1,488,231,276 | |||
Technology Hardware, Storage & Peripherals - 8.7% | |||
Apple, Inc. | 6,766,383 | 976,321,403 | |
TOTAL INFORMATION TECHNOLOGY | 4,049,250,898 | ||
MATERIALS - 0.3% | |||
Chemicals - 0.3% | |||
CF Industries Holdings, Inc. | 412,556 | 34,943,493 | |
REAL ESTATE - 0.9% | |||
Equity Real Estate Investment Trusts (REITs) - 0.9% | |||
Public Storage | 327,103 | 99,550,527 | |
TOTAL COMMON STOCKS (Cost $9,171,547,496) | 11,180,690,532 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $1,962,486) | 2,000,000 | 1,962,452 | |
Money Market Funds - 3.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (e) | 13,155,837 | 13,158,468 | |
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 330,330,242 | 330,363,275 | |
TOTAL MONEY MARKET FUNDS (Cost $343,521,743) | 343,521,743 | ||
TOTAL INVESTMENT IN SECURITIES - 102.8% (Cost $9,517,031,725) | 11,526,174,727 |
NET OTHER ASSETS (LIABILITIES) - (2.8)% | (316,219,891) |
NET ASSETS - 100.0% | 11,209,954,836 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P 500 Index Contracts (United States) | 144 | Mar 2023 | 29,448,000 | 1,240,269 | 1,240,269 |
The notional amount of futures purchased as a percentage of Net Assets is 0.3% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $1,558,187. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 10,085,438 | 1,080,087,902 | 1,077,014,872 | 457,399 | - | - | 13,158,468 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 186,604,050 | 1,412,392,423 | 1,268,633,198 | 114,655 | - | - | 330,363,275 | 1.1% |
Total | 196,689,488 | 2,492,480,325 | 2,345,648,070 | 572,054 | - | - | 343,521,743 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,282,235,704 | 1,282,235,704 | - | - |
Consumer Discretionary | 236,129,950 | 236,129,950 | - | - |
Consumer Staples | 1,480,445,910 | 1,480,445,910 | - | - |
Energy | 235,479,483 | 235,479,483 | - | - |
Financials | 547,795,451 | 547,795,451 | - | - |
Health Care | 2,662,396,843 | 2,662,396,843 | - | - |
Industrials | 552,462,273 | 552,462,273 | - | - |
Information Technology | 4,049,250,898 | 4,049,250,898 | - | - |
Materials | 34,943,493 | 34,943,493 | - | - |
Real Estate | 99,550,527 | 99,550,527 | - | - |
U.S. Government and Government Agency Obligations | 1,962,452 | - | 1,962,452 | - |
Money Market Funds | 343,521,743 | 343,521,743 | - | - |
Total Investments in Securities: | 11,526,174,727 | 11,524,212,275 | 1,962,452 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 1,240,269 | 1,240,269 | - | - |
Total Assets | 1,240,269 | 1,240,269 | - | - |
Total Derivative Instruments: | 1,240,269 | 1,240,269 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,240,269 | 0 |
Total Equity Risk | 1,240,269 | 0 |
Total Value of Derivatives | 1,240,269 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $326,561,938) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $9,173,509,982) | $ | 11,182,652,984 | ||
Fidelity Central Funds (cost $343,521,743) | 343,521,743 | |||
Total Investment in Securities (cost $9,517,031,725) | $ | 11,526,174,727 | ||
Cash | 2,560 | |||
Receivable for fund shares sold | 306,235 | |||
Dividends receivable | 15,137,694 | |||
Distributions receivable from Fidelity Central Funds | 102,399 | |||
Receivable for daily variation margin on futures contracts | 416,887 | |||
Prepaid expenses | 9,167 | |||
Other receivables | 2,559 | |||
Total assets | 11,542,152,228 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 872,417 | ||
Accrued management fee | 917,841 | |||
Other payables and accrued expenses | 57,184 | |||
Collateral on securities loaned | 330,349,950 | |||
Total Liabilities | 332,197,392 | |||
Net Assets | $ | 11,209,954,836 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 9,152,615,237 | ||
Total accumulated earnings (loss) | 2,057,339,599 | |||
Net Assets | $ | 11,209,954,836 | ||
Net Asset Value , offering price and redemption price per share ($11,209,954,836 ÷ 701,959,369 shares) | $ | 15.97 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 89,742,978 | ||
Interest | 18,376 | |||
Income from Fidelity Central Funds (including $114,655 from security lending) | 572,054 | |||
Total Income | 90,333,408 | |||
Expenses | ||||
Management fee | $ | 5,505,006 | ||
Custodian fees and expenses | 37,637 | |||
Independent trustees' fees and expenses | 20,892 | |||
Registration fees | 43,353 | |||
Audit | 27,847 | |||
Legal | 10,665 | |||
Interest | 94,850 | |||
Miscellaneous | 31,293 | |||
Total expenses before reductions | 5,771,543 | |||
Expense reductions | (4,652) | |||
Total expenses after reductions | 5,766,891 | |||
Net Investment income (loss) | 84,566,517 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 100,377,026 | |||
Futures contracts | (15,039,269) | |||
Total net realized gain (loss) | 85,337,757 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (381,087,051) | |||
Futures contracts | (399,910) | |||
Total change in net unrealized appreciation (depreciation) | (381,486,961) | |||
Net gain (loss) | (296,149,204) | |||
Net increase (decrease) in net assets resulting from operations | $ | (211,582,687) |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 84,566,517 | $ | 140,945,176 |
Net realized gain (loss) | 85,337,757 | 42,477,229 | ||
Change in net unrealized appreciation (depreciation) | (381,486,961) | (902,155,752) | ||
Net increase (decrease) in net assets resulting from operations | (211,582,687) | (718,733,347) | ||
Distributions to shareholders | (151,433,952) | (866,284,891) | ||
Share transactions | ||||
Proceeds from sales of shares | 860,059,463 | 3,106,087,211 | ||
Reinvestment of distributions | 148,959,461 | 855,254,434 | ||
Cost of shares redeemed | (844,998,846) | (1,103,462,543) | ||
Net increase (decrease) in net assets resulting from share transactions | 164,020,078 | 2,857,879,102 | ||
Total increase (decrease) in net assets | (198,996,561) | 1,272,860,864 | ||
Net Assets | ||||
Beginning of period | 11,408,951,397 | 10,136,090,533 | ||
End of period | $ | 11,209,954,836 | $ | 11,408,951,397 |
Other Information | ||||
Shares | ||||
Sold | 55,576,164 | 179,579,431 | ||
Issued in reinvestment of distributions | 9,395,183 | 47,131,336 | ||
Redeemed | (54,984,976) | (61,543,934) | ||
Net increase (decrease) | 9,986,371 | 165,166,833 | ||
Fidelity® SAI U.S. Quality Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.49 | $ | 19.24 | $ | 15.96 | $ | 15.19 | $ | 14.23 | $ | 12.27 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .23 | .22 | .26 | .25 | .21 | ||||||
Net realized and unrealized gain (loss) | (.42) | (1.36) | 4.58 | 2.45 | 1.10 | 2.25 | ||||||
Total from investment operations | (.30) | (1.13) | 4.80 | 2.71 | 1.35 | 2.46 | ||||||
Distributions from net investment income | (.22) | (.20) | (.28) | (.24) | (.19) | (.19) | ||||||
Distributions from net realized gain | - | (1.42) | (1.25) | (1.69) | (.20) | (.31) | ||||||
Total distributions | (.22) | (1.62) | (1.52) C | (1.94) C | (.39) | (.50) | ||||||
Net asset value, end of period | $ | 15.97 | $ | 16.49 | $ | 19.24 | $ | 15.96 | $ | 15.19 | $ | 14.23 |
Total Return D,E | (1.82)% | (6.55)% | 32.64% | 20.14% | 9.70% | 20.71% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .10% H | .10% | .10% | .11% | .19% | .20% | ||||||
Expenses net of fee waivers, if any | .10% H | .10% | .10% | .11% | .15% | .15% | ||||||
Expenses net of all reductions | .10% H | .10% | .10% | .11% | .15% | .15% | ||||||
Net investment income (loss) | 1.54% H | 1.30% | 1.30% | 1.83% | 1.76% | 1.55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 11,209,955 | $ | 11,408,951 | $ | 10,136,091 | $ | 8,332,335 | $ | 8,732,756 | $ | 7,247,643 |
Portfolio turnover rate I | 49% H | 47% | 71% | 60% | 99% | 34% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $2,477,903,958 |
Gross unrealized depreciation | (523,096,976) |
Net unrealized appreciation (depreciation) | $1,954,806,982 |
Tax cost | $9,572,608,014 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI U.S. Quality Index Fund | 2,768,465,425 | 2,689,707,597 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Quality Index Fund | Borrower | $ 31,795,038 | 3.97% | $91,116 |
Amount | |
Fidelity SAI U.S. Quality Index Fund | $14,731 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity SAI U.S. Quality Index Fund | $12,178 | $- * | $10,581 |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI U.S. Quality Index Fund | $ 37,552,000 | 3.58% | $3,734 |
Strategic Advisers Fidelity U.S. Total Stock Fund | |
Fidelity SAI U.S. Quality Index Fund | 81% |
Fund | % of shares held |
Fidelity SAI U.S. Quality Index Fund | 89% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® SAI U.S. Quality Index Fund | .10% | |||||||||
Actual | $ 1,000 | $ 981.80 | $ .50 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.70 | $ .51 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Quanta Services, Inc. | 0.7 | |
Steel Dynamics, Inc. | 0.6 | |
LPL Financial | 0.6 | |
First Solar, Inc. | 0.6 | |
Fair Isaac Corp. | 0.5 | |
FactSet Research Systems, Inc. | 0.5 | |
Iron Mountain, Inc. | 0.5 | |
Avery Dennison Corp. | 0.5 | |
Textron, Inc. | 0.5 | |
Howmet Aerospace, Inc. | 0.4 | |
5.4 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 19.6 | |
Financials | 15.1 | |
Information Technology | 14.5 | |
Consumer Discretionary | 12.9 | |
Health Care | 9.5 | |
Real Estate | 9.2 | |
Materials | 7.0 | |
Energy | 3.6 | |
Consumer Staples | 3.1 | |
Communication Services | 2.6 | |
Utilities | 2.6 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 5.6% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 99.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 0.2% | |||
Frontier Communications Parent, Inc. (a)(b) | 95,131 | 2,816,829 | |
Entertainment - 0.8% | |||
AMC Entertainment Holdings, Inc. Class A (a)(b) | 200,744 | 1,073,980 | |
Liberty Media Corp. Liberty Formula One: | |||
Class A (a) | 8,164 | 519,884 | |
Series C (a) | 77,948 | 5,518,718 | |
Madison Square Garden Sports Corp. | 7,363 | 1,338,888 | |
Playtika Holding Corp. (a)(b) | 35,179 | 369,028 | |
World Wrestling Entertainment, Inc. Class A (b) | 16,719 | 1,414,762 | |
10,235,260 | |||
Interactive Media & Services - 0.2% | |||
IAC, Inc. (a) | 29,850 | 1,686,525 | |
TripAdvisor, Inc. (a) | 39,667 | 924,241 | |
2,610,766 | |||
Media - 1.4% | |||
Altice U.S.A., Inc. Class A (a) | 81,260 | 398,174 | |
Cable One, Inc. | 2,240 | 1,769,331 | |
Interpublic Group of Companies, Inc. | 150,735 | 5,495,798 | |
News Corp.: | |||
Class A | 147,549 | 2,989,343 | |
Class B | 45,963 | 939,484 | |
Nexstar Broadcasting Group, Inc. Class A | 14,078 | 2,882,752 | |
The New York Times Co. Class A | 63,079 | 2,197,672 | |
16,672,554 | |||
TOTAL COMMUNICATION SERVICES | 32,335,409 | ||
CONSUMER DISCRETIONARY - 12.9% | |||
Auto Components - 0.9% | |||
BorgWarner, Inc. | 90,652 | 4,286,027 | |
Gentex Corp. | 91,259 | 2,693,053 | |
Lear Corp. | 22,853 | 3,331,510 | |
QuantumScape Corp. Class A (a)(b) | 100,128 | 852,089 | |
11,162,679 | |||
Automobiles - 0.3% | |||
Harley-Davidson, Inc. | 52,251 | 2,405,114 | |
Thor Industries, Inc. (b) | 20,051 | 1,911,462 | |
4,316,576 | |||
Distributors - 0.5% | |||
Pool Corp. | 14,779 | 5,698,930 | |
Diversified Consumer Services - 0.9% | |||
ADT, Inc. | 81,177 | 713,546 | |
Bright Horizons Family Solutions, Inc. (a)(b) | 22,336 | 1,714,958 | |
Grand Canyon Education, Inc. (a) | 11,905 | 1,387,647 | |
H&R Block, Inc. | 60,334 | 2,351,819 | |
Mister Car Wash, Inc. (a)(b) | 30,635 | 314,621 | |
Service Corp. International | 58,098 | 4,307,967 | |
10,790,558 | |||
Hotels, Restaurants & Leisure - 3.0% | |||
ARAMARK Holdings Corp. | 90,045 | 4,009,704 | |
Boyd Gaming Corp. | 29,655 | 1,847,803 | |
Choice Hotels International, Inc. | 12,493 | 1,535,265 | |
Churchill Downs, Inc. | 13,856 | 3,437,674 | |
Hyatt Hotels Corp. Class A (a) | 18,387 | 2,006,389 | |
Marriott Vacations Worldwide Corp. | 14,523 | 2,324,261 | |
Norwegian Cruise Line Holdings Ltd. (a)(b) | 162,446 | 2,470,804 | |
Penn Entertainment, Inc. (a) | 60,000 | 2,127,000 | |
Planet Fitness, Inc. (a) | 32,417 | 2,744,099 | |
Six Flags Entertainment Corp. (a) | 28,871 | 775,186 | |
Travel+Leisure Co. | 30,975 | 1,312,411 | |
Vail Resorts, Inc. (b) | 15,624 | 4,098,800 | |
Wendy's Co. | 66,238 | 1,477,107 | |
Wyndham Hotels & Resorts, Inc. | 33,715 | 2,613,250 | |
Wynn Resorts Ltd. (a) | 40,484 | 4,195,762 | |
36,975,515 | |||
Household Durables - 1.5% | |||
Leggett & Platt, Inc. (b) | 51,680 | 1,889,421 | |
Mohawk Industries, Inc. (a) | 20,429 | 2,452,706 | |
Newell Brands, Inc. | 146,633 | 2,340,263 | |
PulteGroup, Inc. | 88,048 | 5,009,051 | |
Tempur Sealy International, Inc. | 65,269 | 2,659,712 | |
Toll Brothers, Inc. | 41,240 | 2,453,368 | |
TopBuild Corp. (a) | 12,388 | 2,478,343 | |
19,282,864 | |||
Internet & Direct Marketing Retail - 0.3% | |||
Lyft, Inc. (a) | 123,391 | 2,005,104 | |
Wayfair LLC Class A (a)(b) | 30,632 | 1,853,236 | |
3,858,340 | |||
Leisure Products - 0.8% | |||
Brunswick Corp. | 28,061 | 2,366,384 | |
Mattel, Inc. (a) | 136,538 | 2,793,567 | |
Peloton Interactive, Inc. Class A (a)(b) | 119,706 | 1,547,799 | |
Polaris, Inc. | 21,378 | 2,455,050 | |
YETI Holdings, Inc. (a) | 33,499 | 1,499,415 | |
10,662,215 | |||
Multiline Retail - 0.5% | |||
Kohl's Corp. | 45,083 | 1,459,337 | |
Macy's, Inc. | 104,673 | 2,473,423 | |
Nordstrom, Inc. (b) | 43,454 | 849,091 | |
Ollie's Bargain Outlet Holdings, Inc. (a) | 24,238 | 1,327,273 | |
6,109,124 | |||
Specialty Retail - 2.3% | |||
AutoNation, Inc. (a)(b) | 13,094 | 1,659,272 | |
Carvana Co. Class A (a)(b) | 40,513 | 412,017 | |
Dick's Sporting Goods, Inc. | 20,649 | 2,700,063 | |
Five Below, Inc. (a) | 21,199 | 4,178,959 | |
Floor & Decor Holdings, Inc. Class A (a) | 40,092 | 3,639,151 | |
GameStop Corp. Class A (b) | 104,273 | 2,280,451 | |
Gap, Inc. (b) | 75,554 | 1,025,268 | |
Leslie's, Inc. (a)(b) | 61,523 | 952,991 | |
Lithia Motors, Inc. Class A (sub. vtg.) (b) | 10,531 | 2,771,759 | |
Penske Automotive Group, Inc. | 10,017 | 1,280,373 | |
Petco Health & Wellness Co., Inc. (a)(b) | 31,255 | 365,371 | |
RH (a) | 7,383 | 2,303,422 | |
Victoria's Secret & Co. (a) | 31,507 | 1,328,020 | |
Williams-Sonoma, Inc. | 25,736 | 3,472,816 | |
28,369,933 | |||
Textiles, Apparel & Luxury Goods - 1.9% | |||
Capri Holdings Ltd. (a) | 48,775 | 3,243,050 | |
Carter's, Inc. | 14,488 | 1,207,865 | |
Columbia Sportswear Co. | 13,988 | 1,341,449 | |
Deckers Outdoor Corp. (a) | 10,229 | 4,372,693 | |
Hanesbrands, Inc. (b) | 135,368 | 1,142,506 | |
PVH Corp. | 25,198 | 2,265,300 | |
Ralph Lauren Corp. | 15,746 | 1,950,142 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 51,962 | 2,501,970 | |
Tapestry, Inc. | 94,052 | 4,285,950 | |
Under Armour, Inc.: | |||
Class A (sub. vtg.) (a) | 73,184 | 906,750 | |
Class C (non-vtg.) (a) | 76,645 | 835,431 | |
24,053,106 | |||
TOTAL CONSUMER DISCRETIONARY | 161,279,840 | ||
CONSUMER STAPLES - 3.1% | |||
Beverages - 0.1% | |||
Boston Beer Co., Inc. Class A (a)(b) | 3,668 | 1,425,421 | |
Food & Staples Retailing - 1.3% | |||
Albertsons Companies, Inc. | 65,369 | 1,385,823 | |
BJ's Wholesale Club Holdings, Inc. (a) | 52,046 | 3,771,774 | |
Casey's General Stores, Inc. | 14,397 | 3,396,396 | |
Grocery Outlet Holding Corp. (a)(b) | 34,262 | 1,041,222 | |
Performance Food Group Co. (a) | 59,069 | 3,622,111 | |
U.S. Foods Holding Corp. (a) | 78,386 | 2,988,858 | |
16,206,184 | |||
Food Products - 1.5% | |||
Darling Ingredients, Inc. (a) | 62,149 | 4,119,857 | |
Flowers Foods, Inc. | 72,798 | 2,015,777 | |
Freshpet, Inc. (a) | 17,655 | 1,118,091 | |
Ingredion, Inc. | 25,458 | 2,617,082 | |
Lamb Weston Holdings, Inc. | 55,988 | 5,592,641 | |
Pilgrim's Pride Corp. (a) | 18,079 | 438,958 | |
Post Holdings, Inc. (a) | 21,245 | 2,017,213 | |
Seaboard Corp. | 98 | 384,209 | |
18,303,828 | |||
Household Products - 0.1% | |||
Reynolds Consumer Products, Inc. | 21,092 | 627,909 | |
Spectrum Brands Holdings, Inc. | 15,477 | 1,050,579 | |
1,678,488 | |||
Personal Products - 0.1% | |||
Coty, Inc. Class A (a) | 136,486 | 1,359,401 | |
Olaplex Holdings, Inc. (a) | 48,274 | 304,609 | |
1,664,010 | |||
TOTAL CONSUMER STAPLES | 39,277,931 | ||
ENERGY - 3.6% | |||
Energy Equipment & Services - 0.3% | |||
NOV, Inc. | 152,027 | 3,715,540 | |
Oil, Gas & Consumable Fuels - 3.3% | |||
Antero Midstream GP LP | 130,596 | 1,423,496 | |
Antero Resources Corp. (a) | 110,154 | 3,176,841 | |
APA Corp. | 124,450 | 5,516,869 | |
Chesapeake Energy Corp. | 47,042 | 4,079,482 | |
DT Midstream, Inc. | 37,641 | 2,057,457 | |
Enviva, Inc. | 11,888 | 540,666 | |
EQT Corp. | 143,157 | 4,676,939 | |
HF Sinclair Corp. | 52,397 | 2,981,389 | |
New Fortress Energy, Inc. | 21,400 | 830,106 | |
Ovintiv, Inc. | 96,687 | 4,759,901 | |
PDC Energy, Inc. | 34,110 | 2,310,270 | |
Range Resources Corp. | 91,469 | 2,288,554 | |
Southwestern Energy Co. (a) | 427,396 | 2,359,226 | |
Texas Pacific Land Corp. | 2,224 | 4,438,770 | |
Vitesse Energy, Inc. (a) | 9,157 | 146,146 | |
41,586,112 | |||
TOTAL ENERGY | 45,301,652 | ||
FINANCIALS - 15.1% | |||
Banks - 4.5% | |||
Bank of Hawaii Corp. (b) | 15,359 | 1,174,810 | |
Bank OZK | 43,429 | 1,983,402 | |
BOK Financial Corp. | 11,273 | 1,132,937 | |
Comerica, Inc. | 50,740 | 3,719,749 | |
Commerce Bancshares, Inc. | 44,158 | 2,939,156 | |
Cullen/Frost Bankers, Inc. | 22,655 | 2,951,493 | |
East West Bancorp, Inc. | 54,931 | 4,313,182 | |
First Citizens Bancshares, Inc. | 4,266 | 3,317,583 | |
First Hawaiian, Inc. | 49,610 | 1,361,298 | |
First Horizon National Corp. | 205,549 | 5,083,227 | |
FNB Corp., Pennsylvania | 135,538 | 1,934,127 | |
PacWest Bancorp | 45,138 | 1,248,517 | |
Pinnacle Financial Partners, Inc. | 29,109 | 2,291,752 | |
Popular, Inc. | 27,667 | 1,899,063 | |
Prosperity Bancshares, Inc. | 34,008 | 2,579,847 | |
Signature Bank | 24,067 | 3,103,440 | |
Synovus Financial Corp. | 55,919 | 2,345,802 | |
Umpqua Holdings Corp. | 83,917 | 1,527,289 | |
Webster Financial Corp. | 67,127 | 3,534,237 | |
Western Alliance Bancorp. | 41,067 | 3,095,220 | |
Wintrust Financial Corp. | 23,270 | 2,128,507 | |
Zions Bancorp NA | 57,183 | 3,039,848 | |
56,704,486 | |||
Capital Markets - 4.0% | |||
Affiliated Managers Group, Inc. | 14,519 | 2,508,012 | |
Carlyle Group LP | 80,416 | 2,892,564 | |
Cboe Global Markets, Inc. | 41,126 | 5,053,563 | |
Evercore, Inc. Class A | 14,161 | 1,838,239 | |
FactSet Research Systems, Inc. | 14,743 | 6,235,404 | |
Invesco Ltd. | 145,040 | 2,684,690 | |
Janus Henderson Group PLC | 52,826 | 1,369,250 | |
Jefferies Financial Group, Inc. | 77,808 | 3,056,298 | |
Lazard Ltd. Class A | 32,152 | 1,288,652 | |
LPL Financial | 30,924 | 7,332,699 | |
MarketAxess Holdings, Inc. | 14,428 | 5,249,628 | |
Morningstar, Inc. | 9,658 | 2,345,735 | |
Robinhood Markets, Inc. (a)(b) | 218,294 | 2,272,441 | |
SEI Investments Co. | 39,942 | 2,493,579 | |
Stifel Financial Corp. | 40,127 | 2,704,961 | |
Virtu Financial, Inc. Class A | 36,643 | 707,576 | |
50,033,291 | |||
Consumer Finance - 0.6% | |||
Credit Acceptance Corp. (a)(b) | 2,605 | 1,205,177 | |
OneMain Holdings, Inc. | 44,582 | 1,923,267 | |
SLM Corp. | 97,133 | 1,706,627 | |
SoFi Technologies, Inc. (a)(b) | 312,927 | 2,168,584 | |
Upstart Holdings, Inc. (a)(b) | 27,390 | 511,645 | |
7,515,300 | |||
Diversified Financial Services - 0.3% | |||
Corebridge Financial, Inc. | 31,141 | 677,628 | |
Voya Financial, Inc. (b) | 37,804 | 2,637,585 | |
3,315,213 | |||
Insurance - 4.4% | |||
American Financial Group, Inc. | 26,135 | 3,726,590 | |
Assurant, Inc. | 20,667 | 2,740,238 | |
Assured Guaranty Ltd. | 22,370 | 1,400,362 | |
Axis Capital Holdings Ltd. | 30,221 | 1,890,928 | |
Brighthouse Financial, Inc. (a) | 26,652 | 1,499,708 | |
Brown & Brown, Inc. | 91,833 | 5,377,740 | |
Erie Indemnity Co. Class A | 9,738 | 2,379,480 | |
Everest Re Group Ltd. | 15,116 | 5,285,914 | |
First American Financial Corp. | 39,184 | 2,424,314 | |
Globe Life, Inc. | 34,736 | 4,197,846 | |
Hanover Insurance Group, Inc. | 13,748 | 1,850,206 | |
Kemper Corp. | 24,670 | 1,448,869 | |
Lincoln National Corp. | 65,904 | 2,334,979 | |
Old Republic International Corp. | 108,445 | 2,861,864 | |
Primerica, Inc. | 14,240 | 2,303,320 | |
Reinsurance Group of America, Inc. | 25,954 | 3,939,039 | |
RenaissanceRe Holdings Ltd. | 16,722 | 3,272,328 | |
Ryan Specialty Group Holdings, Inc. (a)(b) | 31,944 | 1,361,453 | |
Unum Group | 76,964 | 3,234,797 | |
White Mountains Insurance Group Ltd. | 970 | 1,482,121 | |
55,012,096 | |||
Mortgage Real Estate Investment Trusts - 0.9% | |||
AGNC Investment Corp. | 221,598 | 2,570,537 | |
Annaly Capital Management, Inc. | 181,553 | 4,261,049 | |
Rithm Capital Corp. | 168,150 | 1,582,292 | |
Starwood Property Trust, Inc. (b) | 113,445 | 2,369,866 | |
10,783,744 | |||
Thrifts & Mortgage Finance - 0.4% | |||
MGIC Investment Corp. | 114,712 | 1,619,733 | |
New York Community Bancorp, Inc. | 259,982 | 2,597,220 | |
TFS Financial Corp. (b) | 19,452 | 277,191 | |
UWM Holdings Corp. Class A (b) | 36,009 | 164,921 | |
4,659,065 | |||
TOTAL FINANCIALS | 188,023,195 | ||
HEALTH CARE - 9.5% | |||
Biotechnology - 2.4% | |||
Exact Sciences Corp. (a)(b) | 67,905 | 4,584,946 | |
Exelixis, Inc. (a) | 122,731 | 2,162,520 | |
Ionis Pharmaceuticals, Inc. (a) | 54,858 | 2,187,188 | |
Mirati Therapeutics, Inc. (a)(b) | 17,333 | 925,756 | |
Natera, Inc. (a) | 37,936 | 1,628,592 | |
Neurocrine Biosciences, Inc. (a) | 36,813 | 4,083,666 | |
Novavax, Inc. (a)(b) | 30,313 | 330,715 | |
Repligen Corp. (a) | 21,481 | 3,980,429 | |
Sarepta Therapeutics, Inc. (a)(b) | 32,685 | 4,084,644 | |
Ultragenyx Pharmaceutical, Inc. (a) | 25,936 | 1,175,679 | |
United Therapeutics Corp. (a) | 17,325 | 4,559,420 | |
29,703,555 | |||
Health Care Equipment & Supplies - 2.0% | |||
Dentsply Sirona, Inc. | 83,230 | 3,065,361 | |
Enovis Corp. (a) | 19,664 | 1,237,849 | |
Envista Holdings Corp. (a) | 63,215 | 2,464,753 | |
Globus Medical, Inc. (a) | 29,663 | 2,239,557 | |
ICU Medical, Inc. (a)(b) | 7,833 | 1,513,571 | |
Integra LifeSciences Holdings Corp. (a) | 28,129 | 1,611,792 | |
Masimo Corp. (a) | 18,427 | 3,134,064 | |
Novocure Ltd. (a)(b) | 40,131 | 3,659,145 | |
Penumbra, Inc. (a) | 13,852 | 3,468,679 | |
QuidelOrtho Corp. (a) | 18,935 | 1,621,025 | |
Tandem Diabetes Care, Inc. (a) | 24,783 | 1,009,659 | |
25,025,455 | |||
Health Care Providers & Services - 2.3% | |||
Acadia Healthcare Co., Inc. (a) | 34,588 | 2,906,084 | |
agilon health, Inc. (a)(b) | 73,434 | 1,597,924 | |
Amedisys, Inc. (a) | 12,419 | 1,200,421 | |
Chemed Corp. | 5,674 | 2,866,164 | |
DaVita HealthCare Partners, Inc. (a) | 21,604 | 1,779,954 | |
Encompass Health Corp. | 38,037 | 2,375,411 | |
Enhabit Home Health & Hospice (a) | 19,018 | 292,116 | |
Guardant Health, Inc. (a)(b) | 37,852 | 1,189,688 | |
Henry Schein, Inc. (a) | 52,516 | 4,524,253 | |
Oak Street Health, Inc. (a)(b) | 45,246 | 1,314,849 | |
Premier, Inc. | 45,725 | 1,525,386 | |
Signify Health, Inc. (a) | 31,441 | 894,811 | |
Tenet Healthcare Corp. (a) | 41,286 | 2,264,537 | |
Universal Health Services, Inc. Class B | 24,099 | 3,571,713 | |
28,303,311 | |||
Health Care Technology - 0.3% | |||
Certara, Inc. (a) | 45,142 | 875,755 | |
Definitive Healthcare Corp. (a)(b) | 13,295 | 164,592 | |
Doximity, Inc. (a) | 43,416 | 1,531,282 | |
Teladoc Health, Inc. (a)(b) | 62,374 | 1,833,796 | |
4,405,425 | |||
Life Sciences Tools & Services - 1.8% | |||
10X Genomics, Inc. (a) | 35,744 | 1,673,892 | |
Azenta, Inc. (a) | 28,765 | 1,607,964 | |
Bio-Techne Corp. | 60,436 | 4,814,332 | |
Bruker Corp. | 41,644 | 2,920,077 | |
Charles River Laboratories International, Inc. (a) | 19,586 | 4,764,295 | |
Maravai LifeSciences Holdings, Inc. (a) | 42,651 | 625,264 | |
QIAGEN NV (a) | 88,110 | 4,317,390 | |
Sotera Health Co. (a) | 38,387 | 661,792 | |
Syneos Health, Inc. (a) | 39,800 | 1,429,616 | |
22,814,622 | |||
Pharmaceuticals - 0.7% | |||
Jazz Pharmaceuticals PLC (a) | 23,913 | 3,746,211 | |
Organon & Co. | 98,704 | 2,973,952 | |
Perrigo Co. PLC | 52,162 | 1,951,902 | |
8,672,065 | |||
TOTAL HEALTH CARE | 118,924,433 | ||
INDUSTRIALS - 19.6% | |||
Aerospace & Defense - 2.5% | |||
Axon Enterprise, Inc. (a) | 26,238 | 5,127,955 | |
BWX Technologies, Inc. | 35,462 | 2,158,217 | |
Curtiss-Wright Corp. | 14,873 | 2,465,943 | |
Hexcel Corp. | 32,547 | 2,297,167 | |
Howmet Aerospace, Inc. | 144,163 | 5,865,992 | |
Huntington Ingalls Industries, Inc. | 15,287 | 3,371,395 | |
Mercury Systems, Inc. (a) | 19,107 | 955,063 | |
Spirit AeroSystems Holdings, Inc. Class A | 40,532 | 1,465,232 | |
Textron, Inc. | 81,004 | 5,901,141 | |
Woodward, Inc. | 22,861 | 2,337,766 | |
31,945,871 | |||
Air Freight & Logistics - 0.2% | |||
GXO Logistics, Inc. (a)(b) | 41,027 | 2,146,943 | |
Airlines - 0.7% | |||
Alaska Air Group, Inc. (a) | 48,050 | 2,466,887 | |
American Airlines Group, Inc. (a) | 250,882 | 4,049,235 | |
Copa Holdings SA Class A (a)(b) | 11,142 | 1,025,955 | |
JetBlue Airways Corp. (a) | 124,577 | 996,616 | |
8,538,693 | |||
Building Products - 2.8% | |||
A.O. Smith Corp. | 48,594 | 3,289,814 | |
Advanced Drain Systems, Inc. | 24,885 | 2,509,403 | |
Allegion PLC | 34,038 | 4,001,167 | |
Armstrong World Industries, Inc. | 17,594 | 1,361,952 | |
Builders FirstSource, Inc. (a) | 56,488 | 4,502,094 | |
Carlisle Companies, Inc. | 19,975 | 5,010,929 | |
Fortune Brands Home & Security, Inc. | 50,144 | 3,234,789 | |
Hayward Holdings, Inc. (a)(b) | 26,157 | 352,858 | |
Lennox International, Inc. | 12,409 | 3,234,034 | |
MasterBrand, Inc. (a) | 50,144 | 461,325 | |
Owens Corning | 36,232 | 3,501,823 | |
The AZEK Co., Inc. (a)(b) | 43,205 | 1,042,537 | |
Trex Co., Inc. (a) | 42,788 | 2,255,783 | |
34,758,508 | |||
Commercial Services & Supplies - 1.0% | |||
Clean Harbors, Inc. (a) | 19,798 | 2,579,679 | |
Driven Brands Holdings, Inc. (a) | 24,157 | 705,143 | |
IAA, Inc. (a) | 51,986 | 2,169,376 | |
MSA Safety, Inc. | 14,338 | 1,955,560 | |
Stericycle, Inc. (a) | 35,600 | 1,915,636 | |
Tetra Tech, Inc. | 20,424 | 3,176,340 | |
12,501,734 | |||
Construction & Engineering - 1.9% | |||
AECOM | 51,150 | 4,463,861 | |
MasTec, Inc. (a) | 23,676 | 2,325,693 | |
MDU Resources Group, Inc. | 78,456 | 2,425,075 | |
Quanta Services, Inc. | 55,279 | 8,412,910 | |
Valmont Industries, Inc. | 8,160 | 2,690,597 | |
Willscot Mobile Mini Holdings (a) | 79,000 | 3,828,340 | |
24,146,476 | |||
Electrical Equipment - 2.0% | |||
Acuity Brands, Inc. | 12,451 | 2,347,263 | |
ChargePoint Holdings, Inc. Class A (a)(b) | 98,306 | 1,193,435 | |
Hubbell, Inc. Class B | 20,800 | 4,761,328 | |
nVent Electric PLC | 64,163 | 2,550,479 | |
Plug Power, Inc. (a)(b) | 201,749 | 3,433,768 | |
Regal Rexnord Corp. | 25,698 | 3,577,162 | |
Sensata Technologies, Inc. PLC | 58,731 | 2,986,471 | |
Sunrun, Inc. (a) | 80,898 | 2,125,999 | |
Vertiv Holdings Co. | 117,909 | 1,676,666 | |
24,652,571 | |||
Machinery - 4.1% | |||
AGCO Corp. | 24,109 | 3,330,176 | |
Allison Transmission Holdings, Inc. | 35,777 | 1,612,827 | |
Crane Holdings Co. | 18,270 | 2,117,676 | |
Donaldson Co., Inc. | 47,908 | 2,987,064 | |
ESAB Corp. | 19,687 | 1,138,105 | |
Flowserve Corp. | 50,573 | 1,740,723 | |
Gates Industrial Corp. PLC (a) | 41,910 | 553,631 | |
Graco, Inc. | 65,194 | 4,454,054 | |
ITT, Inc. | 32,425 | 2,969,806 | |
Lincoln Electric Holdings, Inc. | 21,760 | 3,631,091 | |
Middleby Corp. (a) | 20,768 | 3,228,386 | |
Nordson Corp. | 22,217 | 5,405,396 | |
Oshkosh Corp. | 25,504 | 2,570,293 | |
Pentair PLC | 63,910 | 3,539,336 | |
Snap-On, Inc. | 20,425 | 5,080,310 | |
Timken Co. | 23,753 | 1,956,060 | |
Toro Co. | 40,533 | 4,520,240 | |
50,835,174 | |||
Marine - 0.1% | |||
Kirby Corp. (a) | 23,185 | 1,641,034 | |
Professional Services - 1.8% | |||
Booz Allen Hamilton Holding Corp. Class A | 50,993 | 4,825,978 | |
CACI International, Inc. Class A (a) | 8,998 | 2,772,194 | |
Clarivate Analytics PLC (a) | 183,351 | 2,038,863 | |
Dun & Bradstreet Holdings, Inc. | 97,653 | 1,430,616 | |
FTI Consulting, Inc. (a)(b) | 13,090 | 2,088,117 | |
KBR, Inc. | 52,932 | 2,711,706 | |
Manpower, Inc. | 19,517 | 1,701,102 | |
Robert Half International, Inc. | 41,052 | 3,446,726 | |
Science Applications International Corp. | 21,351 | 2,215,807 | |
23,231,109 | |||
Road & Rail - 1.3% | |||
Avis Budget Group, Inc. (a) | 9,919 | 1,984,197 | |
Hertz Global Holdings, Inc. (a) | 73,330 | 1,321,407 | |
Knight-Swift Transportation Holdings, Inc. Class A | 60,596 | 3,581,224 | |
Landstar System, Inc. | 13,854 | 2,394,387 | |
RXO, Inc. (a) | 39,758 | 728,367 | |
Ryder System, Inc. | 18,868 | 1,781,328 | |
Schneider National, Inc. Class B | 20,978 | 555,917 | |
U-Haul Holding Co. (b) | 3,494 | 234,203 | |
U-Haul Holding Co. (non-vtg.) | 31,453 | 1,943,481 | |
XPO, Inc. (a)(b) | 39,758 | 1,584,754 | |
16,109,265 | |||
Trading Companies & Distributors - 1.2% | |||
Air Lease Corp. Class A | 40,350 | 1,814,540 | |
Core & Main, Inc. (a)(b) | 27,681 | 610,920 | |
MSC Industrial Direct Co., Inc. Class A | 17,946 | 1,484,134 | |
SiteOne Landscape Supply, Inc. (a)(b) | 17,281 | 2,618,244 | |
Univar Solutions, Inc. (a) | 62,450 | 2,153,276 | |
Watsco, Inc. (b) | 12,796 | 3,677,187 | |
WESCO International, Inc. (a) | 17,304 | 2,578,469 | |
14,936,770 | |||
TOTAL INDUSTRIALS | 245,444,148 | ||
INFORMATION TECHNOLOGY - 14.5% | |||
Communications Equipment - 1.0% | |||
Ciena Corp. (a) | 57,231 | 2,977,157 | |
F5, Inc. (a) | 23,127 | 3,414,933 | |
Juniper Networks, Inc. | 124,135 | 4,009,561 | |
Lumentum Holdings, Inc. (a) | 26,455 | 1,592,062 | |
ViaSat, Inc. (a)(b) | 27,906 | 961,362 | |
12,955,075 | |||
Electronic Equipment & Components - 1.9% | |||
Arrow Electronics, Inc. (a) | 23,794 | 2,795,557 | |
Avnet, Inc. | 35,322 | 1,620,573 | |
Cognex Corp. | 67,493 | 3,694,567 | |
Coherent Corp. (a) | 46,086 | 2,000,132 | |
IPG Photonics Corp. (a) | 12,664 | 1,419,634 | |
Jabil, Inc. | 51,053 | 4,014,297 | |
Littelfuse, Inc. | 9,389 | 2,410,062 | |
National Instruments Corp. | 50,792 | 2,742,768 | |
TD SYNNEX Corp. | 18,135 | 1,852,490 | |
Vontier Corp. | 61,317 | 1,412,131 | |
23,962,211 | |||
IT Services - 2.9% | |||
Affirm Holdings, Inc. (a)(b) | 84,500 | 1,368,055 | |
Amdocs Ltd. | 46,921 | 4,313,448 | |
Concentrix Corp. | 16,511 | 2,341,425 | |
DXC Technology Co. (a) | 89,349 | 2,566,997 | |
Euronet Worldwide, Inc. (a) | 18,341 | 2,066,664 | |
Genpact Ltd. | 70,122 | 3,315,368 | |
Globant SA (a) | 15,812 | 2,564,390 | |
Jack Henry & Associates, Inc. | 28,193 | 5,077,277 | |
Kyndryl Holdings, Inc. (a) | 79,380 | 1,062,898 | |
Shift4 Payments, Inc. (a) | 19,603 | 1,255,376 | |
The Western Union Co. | 149,455 | 2,117,777 | |
Thoughtworks Holding, Inc. (a) | 33,067 | 357,124 | |
Toast, Inc. (a)(b) | 99,030 | 2,209,359 | |
WEX, Inc. (a) | 16,904 | 3,126,733 | |
Wix.com Ltd. (a) | 21,412 | 1,862,416 | |
35,605,307 | |||
Semiconductors & Semiconductor Equipment - 2.2% | |||
Allegro MicroSystems LLC (a) | 25,744 | 982,648 | |
Cirrus Logic, Inc. (a) | 21,282 | 1,923,680 | |
Entegris, Inc. | 57,650 | 4,652,932 | |
First Solar, Inc. (a) | 41,266 | 7,328,842 | |
Lattice Semiconductor Corp. (a) | 52,710 | 3,994,891 | |
MKS Instruments, Inc. | 22,255 | 2,277,132 | |
Universal Display Corp. | 16,872 | 2,236,046 | |
Wolfspeed, Inc. (a)(b) | 47,830 | 3,683,388 | |
27,079,559 | |||
Software - 6.2% | |||
Alteryx, Inc. Class A (a) | 23,321 | 1,294,082 | |
AppLovin Corp. (a)(b) | 85,002 | 1,079,525 | |
Aspen Technology, Inc. (a)(b) | 10,471 | 2,081,111 | |
Bentley Systems, Inc. Class B | 65,487 | 2,557,267 | |
Bill.Com Holdings, Inc. (a) | 38,413 | 4,441,311 | |
Black Knight, Inc. (a) | 60,031 | 3,637,278 | |
CCC Intelligent Solutions Holdings, Inc. Class A (a) | 66,372 | 613,941 | |
Ceridian HCM Holding, Inc. (a) | 53,156 | 3,842,116 | |
Confluent, Inc. (a) | 48,242 | 1,114,390 | |
Coupa Software, Inc. (a) | 29,224 | 2,335,582 | |
Dolby Laboratories, Inc. Class A | 23,701 | 1,885,652 | |
DoubleVerify Holdings, Inc. (a) | 28,480 | 774,371 | |
Dropbox, Inc. Class A (a) | 104,197 | 2,420,496 | |
Dynatrace, Inc. (a) | 77,257 | 2,968,987 | |
Elastic NV (a) | 30,056 | 1,768,495 | |
Fair Isaac Corp. (a) | 9,432 | 6,281,240 | |
Five9, Inc. (a) | 27,193 | 2,142,265 | |
Gen Digital, Inc. | 217,283 | 4,999,682 | |
Guidewire Software, Inc. (a) | 31,833 | 2,331,449 | |
Informatica, Inc. (a)(b) | 14,297 | 254,487 | |
Jamf Holding Corp. (a) | 25,697 | 510,599 | |
Manhattan Associates, Inc. (a) | 24,100 | 3,141,676 | |
nCino, Inc. (a)(b) | 27,047 | 773,544 | |
NCR Corp. (a) | 49,373 | 1,353,808 | |
New Relic, Inc. (a) | 20,695 | 1,263,430 | |
Nutanix, Inc. Class A (a) | 89,201 | 2,486,032 | |
Paycor HCM, Inc. (a)(b) | 21,269 | 534,065 | |
Paylocity Holding Corp. (a) | 15,421 | 3,212,040 | |
Pegasystems, Inc. | 16,056 | 624,257 | |
Procore Technologies, Inc. (a)(b) | 27,619 | 1,545,283 | |
PTC, Inc. (a) | 40,914 | 5,518,480 | |
RingCentral, Inc. (a) | 33,094 | 1,291,659 | |
SentinelOne, Inc. (a) | 74,170 | 1,119,225 | |
Smartsheet, Inc. (a) | 49,383 | 2,133,839 | |
Teradata Corp. (a) | 39,747 | 1,386,375 | |
UiPath, Inc. Class A (a)(b) | 146,418 | 2,248,980 | |
77,967,019 | |||
Technology Hardware, Storage & Peripherals - 0.3% | |||
Pure Storage, Inc. Class A (a) | 109,281 | 3,162,592 | |
TOTAL INFORMATION TECHNOLOGY | 180,731,763 | ||
MATERIALS - 7.0% | |||
Chemicals - 1.9% | |||
Ashland, Inc. | 19,673 | 2,149,669 | |
Axalta Coating Systems Ltd. (a) | 85,760 | 2,581,376 | |
Element Solutions, Inc. | 87,566 | 1,793,352 | |
Ginkgo Bioworks Holdings, Inc. Class A (a)(b) | 339,181 | 661,403 | |
Huntsman Corp. | 70,808 | 2,243,906 | |
NewMarket Corp. | 2,264 | 779,971 | |
Olin Corp. | 49,023 | 3,166,396 | |
RPM International, Inc. | 49,573 | 4,457,108 | |
The Chemours Co. LLC | 58,199 | 2,117,862 | |
The Scotts Miracle-Gro Co. Class A (b) | 15,676 | 1,131,650 | |
Valvoline, Inc. | 68,677 | 2,517,699 | |
23,600,392 | |||
Construction Materials - 0.2% | |||
Eagle Materials, Inc. | 14,195 | 2,073,606 | |
Containers & Packaging - 2.5% | |||
Aptargroup, Inc. | 25,433 | 2,941,072 | |
Ardagh Group SA (a) | 5,444 | 58,414 | |
Ardagh Metal Packaging SA (b) | 57,921 | 325,516 | |
Avery Dennison Corp. | 31,629 | 5,991,798 | |
Berry Global Group, Inc. | 48,636 | 3,002,300 | |
Crown Holdings, Inc. | 44,708 | 3,941,457 | |
Graphic Packaging Holding Co. | 118,789 | 2,861,627 | |
Packaging Corp. of America | 35,448 | 5,058,430 | |
Sealed Air Corp. | 56,616 | 3,100,292 | |
Silgan Holdings, Inc. | 32,661 | 1,760,101 | |
Sonoco Products Co. | 37,795 | 2,309,652 | |
31,350,659 | |||
Metals & Mining - 2.3% | |||
Alcoa Corp. | 68,668 | 3,587,216 | |
Cleveland-Cliffs, Inc. (a) | 198,490 | 4,237,762 | |
MP Materials Corp. (a)(b) | 35,241 | 1,145,685 | |
Reliance Steel & Aluminum Co. | 22,683 | 5,159,248 | |
Royal Gold, Inc. (b) | 25,454 | 3,233,422 | |
SSR Mining, Inc. (b) | 80,012 | 1,355,403 | |
Steel Dynamics, Inc. | 64,671 | 7,801,909 | |
United States Steel Corp. | 90,161 | 2,568,687 | |
29,089,332 | |||
Paper & Forest Products - 0.1% | |||
Louisiana-Pacific Corp. | 27,605 | 1,879,624 | |
TOTAL MATERIALS | 87,993,613 | ||
REAL ESTATE - 9.2% | |||
Equity Real Estate Investment Trusts (REITs) - 8.5% | |||
American Homes 4 Rent Class A | 119,559 | 4,099,678 | |
Americold Realty Trust | 104,401 | 3,279,235 | |
Apartment Income (REIT) Corp. | 58,148 | 2,224,742 | |
Brixmor Property Group, Inc. | 115,852 | 2,725,998 | |
Camden Property Trust (SBI) | 40,269 | 4,961,543 | |
Cousins Properties, Inc. | 58,660 | 1,608,457 | |
CubeSmart | 86,823 | 3,975,625 | |
Douglas Emmett, Inc. | 65,648 | 1,099,604 | |
EastGroup Properties, Inc. | 15,977 | 2,688,130 | |
EPR Properties | 28,755 | 1,221,512 | |
Equity Lifestyle Properties, Inc. | 68,988 | 4,951,959 | |
Federal Realty Investment Trust (SBI) | 31,176 | 3,477,059 | |
First Industrial Realty Trust, Inc. | 51,167 | 2,729,759 | |
Gaming & Leisure Properties | 94,841 | 5,079,684 | |
Healthcare Trust of America, Inc. | 147,270 | 3,170,723 | |
Highwoods Properties, Inc. (SBI) | 40,349 | 1,225,399 | |
Host Hotels & Resorts, Inc. | 274,991 | 5,183,580 | |
Hudson Pacific Properties, Inc. | 53,435 | 608,625 | |
Iron Mountain, Inc. | 112,135 | 6,120,328 | |
JBG SMITH Properties | 41,496 | 835,729 | |
Kilroy Realty Corp. | 45,141 | 1,852,587 | |
Kimco Realty Corp. | 234,620 | 5,269,565 | |
Lamar Advertising Co. Class A | 33,585 | 3,578,146 | |
Life Storage, Inc. | 32,676 | 3,530,315 | |
Medical Properties Trust, Inc. (b) | 230,683 | 2,987,345 | |
National Retail Properties, Inc. | 69,238 | 3,278,419 | |
National Storage Affiliates Trust | 32,974 | 1,345,339 | |
Omega Healthcare Investors, Inc. | 91,282 | 2,687,342 | |
Park Hotels & Resorts, Inc. | 86,572 | 1,273,474 | |
Rayonier, Inc. | 56,592 | 2,059,383 | |
Regency Centers Corp. | 66,562 | 4,435,026 | |
Rexford Industrial Realty, Inc. | 71,340 | 4,527,950 | |
SL Green Realty Corp. | 24,862 | 1,023,071 | |
Spirit Realty Capital, Inc. | 54,051 | 2,371,758 | |
Store Capital Corp. | 98,682 | 3,178,547 | |
Vornado Realty Trust | 68,532 | 1,671,495 | |
106,337,131 | |||
Real Estate Management & Development - 0.7% | |||
Howard Hughes Corp. (a) | 14,226 | 1,216,181 | |
Jones Lang LaSalle, Inc. (a) | 18,541 | 3,427,675 | |
Opendoor Technologies, Inc. (a)(b) | 181,534 | 397,559 | |
WeWork, Inc. (a)(b) | 82,972 | 131,925 | |
Zillow Group, Inc.: | |||
Class A (a) | 21,886 | 940,223 | |
Class C (a)(b) | 61,312 | 2,710,604 | |
8,824,167 | |||
TOTAL REAL ESTATE | 115,161,298 | ||
UTILITIES - 2.6% | |||
Electric Utilities - 1.1% | |||
Hawaiian Electric Industries, Inc. | 42,252 | 1,785,992 | |
IDACORP, Inc. | 19,547 | 2,068,268 | |
NRG Energy, Inc. | 88,995 | 3,045,409 | |
OGE Energy Corp. | 77,564 | 3,049,816 | |
Pinnacle West Capital Corp. | 43,850 | 3,269,018 | |
13,218,503 | |||
Gas Utilities - 0.4% | |||
National Fuel Gas Co. | 34,044 | 1,976,595 | |
UGI Corp. | 81,318 | 3,238,896 | |
5,215,491 | |||
Independent Power and Renewable Electricity Producers - 0.4% | |||
Brookfield Renewable Corp. (b) | 49,597 | 1,563,297 | |
Vistra Corp. | 152,605 | 3,519,071 | |
5,082,368 | |||
Multi-Utilities - 0.4% | |||
NiSource, Inc. | 157,735 | 4,377,146 | |
Water Utilities - 0.3% | |||
Essential Utilities, Inc. | 89,888 | 4,200,466 | |
TOTAL UTILITIES | 32,093,974 | ||
TOTAL COMMON STOCKS (Cost $1,083,970,424) | 1,246,567,256 | ||
U.S. Treasury Obligations - 0.0% | |||
Principal Amount (c) | Value ($) | ||
U.S. Treasury Bills, yield at date of purchase 4.65% 6/29/23 (d) (Cost $98,124) | 100,000 | 98,123 | |
Money Market Funds - 6.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.38% (e) | 2,524,085 | 2,524,590 | |
Fidelity Securities Lending Cash Central Fund 4.38% (e)(f) | 76,934,720 | 76,942,413 | |
TOTAL MONEY MARKET FUNDS (Cost $79,467,003) | 79,467,003 | ||
TOTAL INVESTMENT IN SECURITIES - 106.1% (Cost $1,163,535,551) | 1,326,132,382 |
NET OTHER ASSETS (LIABILITIES) - (6.1)% | (76,370,205) |
NET ASSETS - 100.0% | 1,249,762,177 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
CME E-mini S&P MidCap 400 Index Contracts (United States) | 12 | Mar 2023 | 3,195,480 | 240,333 | 240,333 |
The notional amount of futures purchased as a percentage of Net Assets is 0.3% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $98,123. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.38% | 413,829 | 165,277,435 | 163,166,674 | 78,666 | - | - | 2,524,590 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.38% | 12,727,695 | 112,961,414 | 48,746,696 | 217,699 | - | - | 76,942,413 | 0.3% |
Total | 13,141,524 | 278,238,849 | 211,913,370 | 296,365 | - | - | 79,467,003 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 32,335,409 | 32,335,409 | - | - |
Consumer Discretionary | 161,279,840 | 161,279,840 | - | - |
Consumer Staples | 39,277,931 | 39,277,931 | - | - |
Energy | 45,301,652 | 45,301,652 | - | - |
Financials | 188,023,195 | 188,023,195 | - | - |
Health Care | 118,924,433 | 118,924,433 | - | - |
Industrials | 245,444,148 | 245,444,148 | - | - |
Information Technology | 180,731,763 | 180,731,763 | - | - |
Materials | 87,993,613 | 87,993,613 | - | - |
Real Estate | 115,161,298 | 115,161,298 | - | - |
Utilities | 32,093,974 | 32,093,974 | - | - |
U.S. Government and Government Agency Obligations | 98,123 | - | 98,123 | - |
Money Market Funds | 79,467,003 | 79,467,003 | - | - |
Total Investments in Securities: | 1,326,132,382 | 1,326,034,259 | 98,123 | - |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 240,333 | 240,333 | - | - |
Total Assets | 240,333 | 240,333 | - | - |
Total Derivative Instruments: | 240,333 | 240,333 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 240,333 | 0 |
Total Equity Risk | 240,333 | 0 |
Total Value of Derivatives | 240,333 | 0 |
Statement of Assets and Liabilities | ||||
January 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $77,376,761) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,084,068,548) | $ | 1,246,665,379 | ||
Fidelity Central Funds (cost $79,467,003) | 79,467,003 | |||
Total Investment in Securities (cost $1,163,535,551) | $ | 1,326,132,382 | ||
Segregated cash with brokers for derivative instruments | 56,379 | |||
Cash | 56,239 | |||
Receivable for fund shares sold | 150,420 | |||
Dividends receivable | 430,609 | |||
Distributions receivable from Fidelity Central Funds | 130,837 | |||
Receivable for daily variation margin on futures contracts | 68,131 | |||
Prepaid expenses | 212 | |||
Receivable from investment adviser for expense reductions | 93,728 | |||
Total assets | 1,327,118,937 | |||
Liabilities | ||||
Payable for investments purchased | $ | 214,918 | ||
Payable for fund shares redeemed | 3,756 | |||
Accrued management fee | 106,790 | |||
Other payables and accrued expenses | 98,212 | |||
Collateral on securities loaned | 76,933,084 | |||
Total Liabilities | 77,356,760 | |||
Net Assets | $ | 1,249,762,177 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,103,389,356 | ||
Total accumulated earnings (loss) | 146,372,821 | |||
Net Assets | $ | 1,249,762,177 | ||
Net Asset Value , offering price and redemption price per share ($1,249,762,177 ÷ 212,927,439 shares) | $ | 5.87 |
Statement of Operations | ||||
Six months ended January 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 5,200,305 | ||
Interest | 1,311 | |||
Income from Fidelity Central Funds (including $217,699 from security lending) | 296,365 | |||
Total Income | 5,497,981 | |||
Expenses | ||||
Management fee | $ | 347,106 | ||
Custodian fees and expenses | 76,824 | |||
Independent trustees' fees and expenses | 807 | |||
Registration fees | 7,064 | |||
Audit | 28,188 | |||
Legal | 2,095 | |||
Interest | 24,299 | |||
Miscellaneous | 1,570 | |||
Total expenses before reductions | 487,953 | |||
Expense reductions | (308,989) | |||
Total expenses after reductions | 178,964 | |||
Net Investment income (loss) | 5,319,017 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (6,794,488) | |||
Foreign currency transactions | 111 | |||
Futures contracts | (10,625) | |||
Total net realized gain (loss) | (6,805,002) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 85,152,444 | |||
Assets and liabilities in foreign currencies | (107) | |||
Futures contracts | 205,419 | |||
Total change in net unrealized appreciation (depreciation) | 85,357,756 | |||
Net gain (loss) | 78,552,754 | |||
Net increase (decrease) in net assets resulting from operations | $ | 83,871,771 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2023 (Unaudited) | Year ended July 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,319,017 | $ | 9,379,452 |
Net realized gain (loss) | (6,805,002) | 291,515,558 | ||
Change in net unrealized appreciation (depreciation) | 85,357,756 | (300,936,029) | ||
Net increase (decrease) in net assets resulting from operations | 83,871,771 | (41,019) | ||
Distributions to shareholders | (110,768,589) | (379,158,551) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,155,562,493 | 681,080,180 | ||
Reinvestment of distributions | 110,367,799 | 377,431,403 | ||
Cost of shares redeemed | (235,766,873) | (1,520,231,280) | ||
Net increase (decrease) in net assets resulting from share transactions | 1,030,163,419 | (461,719,697) | ||
Total increase (decrease) in net assets | 1,003,266,601 | (840,919,267) | ||
Net Assets | ||||
Beginning of period | 246,495,576 | 1,087,414,843 | ||
End of period | $ | 1,249,762,177 | $ | 246,495,576 |
Other Information | ||||
Shares | ||||
Sold | 211,398,721 | 62,603,625 | ||
Issued in reinvestment of distributions | 19,549,412 | 34,100,959 | ||
Redeemed | (43,060,681) | (137,731,803) | ||
Net increase (decrease) | 187,887,452 | (41,027,219) | ||
Fidelity® SAI Small-Mid Cap 500 Index Fund |
Six months ended (Unaudited) January 31, 2023 | Years ended July 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.84 | $ | 16.46 | $ | 12.19 | $ | 12.80 | $ | 12.95 | $ | 11.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .16 | .20 | .20 | .19 | .17 | ||||||
Net realized and unrealized gain (loss) | .23 | (1.07) | 5.09 | (.20) C | .46 | 1.62 | ||||||
Total from investment operations | .28 | (.91) | 5.29 | - | .65 | 1.79 | ||||||
Distributions from net investment income | (.11) | (.22) | (.17) | (.22) | (.18) | (.13) | ||||||
Distributions from net realized gain | (4.15) | (5.48) | (.85) | (.39) | (.63) | (.08) | ||||||
Total distributions | (4.25) D | (5.71) D | (1.02) | (.61) | (.80) D | (.21) | ||||||
Net asset value, end of period | $ | 5.87 | $ | 9.84 | $ | 16.46 | $ | 12.19 | $ | 12.80 | $ | 12.95 |
Total Return E,F | 4.75% | (8.94)% | 46.99% | (.03)% C | 5.26% | 15.91% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .16% I | .14% | .13% | .13% | .22% | .23% | ||||||
Expenses net of fee waivers, if any | .06% I | .05% | .05% | .05% | .08% | .13% | ||||||
Expenses net of all reductions | .06% I | .05% | .05% | .05% | .08% | .13% | ||||||
Net investment income (loss) | 1.71% I | 1.35% | 1.37% | 1.66% | 1.53% | 1.37% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,249,762 | $ | 246,496 | $ | 1,087,415 | $ | 1,921,810 | $ | 1,862,285 | $ | 2,281,452 |
Portfolio turnover rate J | 69% I | 93% | 69% | 79% | 41% | 39% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $182,143,499 |
Gross unrealized depreciation | (37,776,863) |
Net unrealized appreciation (depreciation) | $144,366,636 |
Tax cost | $1,182,006,079 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI Small-Mid Cap 500 Index Fund | 1,155,534,009 | 223,763,818 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI Small-Mid Cap 500 Index Fund | Borrower | $19,701,000 | 3.97% | $10,872 |
Amount | |
Fidelity SAI Small-Mid Cap 500 Index Fund | $617 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity SAI Small-Mid Cap 500 Index Fund | $23,806 | $6,150 | $549,230 |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity SAI Small-Mid Cap 500 Index Fund | $42,700,500 | 2.83% | $13,427 |
Strategic Advisers Fidelity U.S. Total Stock Fund | Strategic Advisers Small-Mid Cap Fund | |
Fidelity SAI Small-Mid Cap 500 Index Fund | 63% | 37% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2022 to January 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2022 | Ending Account Value January 31, 2023 | Expenses Paid During Period- C August 1, 2022 to January 31, 2023 | |||||||
Fidelity® SAI Small-Mid Cap 500 Index Fund | .06% | |||||||||
Actual | $ 1,000 | $ 1,047.50 | $ .31 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.90 | $ .31 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Salem Street Trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Salem Street Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable
assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Salem Street Trust
By: | /s/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer | |
Date: | March 23, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Laura M. Del Prato |
Laura M. Del Prato | |
President and Treasurer | |
Date: | March 23, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | March 23, 2023 |