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 811-01796
Fidelity Destiny Portfolios
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, 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: | September 30 |
Date of reporting period: | March 31, 2024 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 9.1 | |
NVIDIA Corp. | 5.9 | |
Amazon.com, Inc. | 5.1 | |
Alphabet, Inc. Class C | 3.7 | |
Meta Platforms, Inc. Class A | 3.5 | |
Eaton Corp. PLC | 2.8 | |
Eli Lilly & Co. | 2.5 | |
Boston Scientific Corp. | 2.1 | |
Marvell Technology, Inc. | 2.0 | |
MasterCard, Inc. Class A | 1.8 | |
38.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 27.5 | |
Financials | 17.0 | |
Industrials | 14.1 | |
Health Care | 11.9 | |
Consumer Discretionary | 11.3 | |
Communication Services | 9.0 | |
Materials | 3.9 | |
Energy | 2.7 | |
Consumer Staples | 1.3 | |
Real Estate | 0.5 | |
Utilities | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Common Stocks - 99.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 8.9% | |||
Entertainment - 1.5% | |||
Netflix, Inc. (a) | 28,400 | 17,248,172 | |
Roblox Corp. (a) | 66,700 | 2,546,606 | |
Spotify Technology SA (a) | 14,300 | 3,773,770 | |
The Walt Disney Co. | 196,000 | 23,982,560 | |
TKO Group Holdings, Inc. | 10,200 | 881,382 | |
Universal Music Group NV | 103,700 | 3,117,377 | |
51,549,867 | |||
Interactive Media & Services - 7.2% | |||
Alphabet, Inc. Class C (a) | 812,360 | 123,689,934 | |
Meta Platforms, Inc. Class A | 236,931 | 115,048,955 | |
Reddit, Inc. Class B (h) | 3,500 | 172,620 | |
238,911,509 | |||
Media - 0.2% | |||
Comcast Corp. Class A | 129,200 | 5,600,820 | |
TOTAL COMMUNICATION SERVICES | 296,062,196 | ||
CONSUMER DISCRETIONARY - 11.3% | |||
Automobiles - 0.3% | |||
General Motors Co. | 202,200 | 9,169,770 | |
Broadline Retail - 5.1% | |||
Amazon.com, Inc. (a) | 933,500 | 168,384,730 | |
Etsy, Inc. (a) | 29,700 | 2,040,984 | |
170,425,714 | |||
Hotels, Restaurants & Leisure - 1.7% | |||
Airbnb, Inc. Class A (a) | 172,800 | 28,505,088 | |
Compass Group PLC | 74,105 | 2,173,180 | |
Domino's Pizza, Inc. | 7,600 | 3,776,288 | |
Draftkings Holdings, Inc. (a) | 23,300 | 1,058,053 | |
Hilton Worldwide Holdings, Inc. | 100,784 | 21,498,235 | |
57,010,844 | |||
Household Durables - 0.3% | |||
D.R. Horton, Inc. | 52,400 | 8,622,420 | |
Specialty Retail - 2.8% | |||
Abercrombie & Fitch Co. Class A (a) | 55,500 | 6,955,815 | |
Lowe's Companies, Inc. | 178,100 | 45,367,413 | |
Revolve Group, Inc. (a) | 24,200 | 512,314 | |
RH (a) | 19,300 | 6,721,418 | |
The Home Depot, Inc. | 19,800 | 7,595,280 | |
TJX Companies, Inc. | 252,440 | 25,602,465 | |
92,754,705 | |||
Textiles, Apparel & Luxury Goods - 1.1% | |||
Brunello Cucinelli SpA | 208,600 | 23,863,944 | |
Canva, Inc. Class A (b)(c) | 2,100 | 2,239,986 | |
Moncler SpA | 13,867 | 1,035,345 | |
On Holding AG (a) | 6,700 | 237,046 | |
Ralph Lauren Corp. | 44,800 | 8,411,648 | |
Tory Burch LLC (b)(c)(d) | 28,846 | 1,221,905 | |
37,009,874 | |||
TOTAL CONSUMER DISCRETIONARY | 374,993,327 | ||
CONSUMER STAPLES - 1.3% | |||
Beverages - 0.2% | |||
Monster Beverage Corp. (a) | 120,680 | 7,153,910 | |
Consumer Staples Distribution & Retail - 0.5% | |||
Dollar Tree, Inc. (a) | 20,500 | 2,729,575 | |
Performance Food Group Co. (a) | 31,200 | 2,328,768 | |
Target Corp. | 43,100 | 7,637,751 | |
Walmart, Inc. | 74,400 | 4,476,648 | |
17,172,742 | |||
Household Products - 0.2% | |||
The Clorox Co. | 46,100 | 7,058,371 | |
Personal Care Products - 0.4% | |||
Estee Lauder Companies, Inc. Class A | 39,400 | 6,073,510 | |
Kenvue, Inc. | 240,100 | 5,152,546 | |
11,226,056 | |||
TOTAL CONSUMER STAPLES | 42,611,079 | ||
ENERGY - 2.7% | |||
Energy Equipment & Services - 1.5% | |||
Baker Hughes Co. Class A | 613,000 | 20,535,500 | |
Schlumberger Ltd. | 352,700 | 19,331,487 | |
TechnipFMC PLC | 390,800 | 9,812,988 | |
49,679,975 | |||
Oil, Gas & Consumable Fuels - 1.2% | |||
Canadian Natural Resources Ltd. | 203,400 | 15,516,664 | |
Cenovus Energy, Inc. (Canada) | 118,500 | 2,369,125 | |
Hess Corp. | 25,295 | 3,861,029 | |
Imperial Oil Ltd. | 76,000 | 5,242,289 | |
ONEOK, Inc. | 12,600 | 1,010,142 | |
Shell PLC ADR | 162,600 | 10,900,704 | |
38,899,953 | |||
TOTAL ENERGY | 88,579,928 | ||
FINANCIALS - 17.0% | |||
Banks - 3.0% | |||
Citigroup, Inc. | 64,300 | 4,066,332 | |
JPMorgan Chase & Co. | 143,800 | 28,803,140 | |
PNC Financial Services Group, Inc. | 73,900 | 11,942,240 | |
Starling Bank Ltd. Series D (a)(b)(c) | 879,300 | 3,694,784 | |
U.S. Bancorp | 308,700 | 13,798,890 | |
UniCredit SpA | 74,800 | 2,841,905 | |
Wells Fargo & Co. | 599,600 | 34,752,816 | |
99,900,107 | |||
Capital Markets - 5.7% | |||
Ares Management Corp. | 231,600 | 30,798,168 | |
BlackRock, Inc. Class A | 24,400 | 20,342,280 | |
Blue Owl Capital, Inc. Class A | 595,900 | 11,238,674 | |
Carlyle Group LP | 43,200 | 2,026,512 | |
Cboe Global Markets, Inc. | 40,600 | 7,459,438 | |
CME Group, Inc. | 78,200 | 16,835,678 | |
Deutsche Borse AG | 14,700 | 3,011,528 | |
Goldman Sachs Group, Inc. | 55,700 | 23,265,333 | |
Intercontinental Exchange, Inc. | 87,400 | 12,011,382 | |
KKR & Co. LP | 204,700 | 20,588,726 | |
London Stock Exchange Group PLC | 117,600 | 14,067,978 | |
Moody's Corp. | 21,900 | 8,607,357 | |
Morgan Stanley | 112,900 | 10,630,664 | |
Raymond James Financial, Inc. | 19,400 | 2,491,348 | |
UBS Group AG | 101,100 | 3,105,792 | |
XP, Inc. Class A | 78,700 | 2,019,442 | |
188,500,300 | |||
Consumer Finance - 0.5% | |||
American Express Co. | 15,200 | 3,460,888 | |
Capital One Financial Corp. | 97,000 | 14,442,330 | |
17,903,218 | |||
Financial Services - 5.4% | |||
Apollo Global Management, Inc. | 390,600 | 43,922,970 | |
Berkshire Hathaway, Inc. Class B (a) | 37,145 | 15,620,215 | |
Block, Inc. Class A (a) | 97,500 | 8,246,550 | |
Corpay, Inc. (a) | 5,500 | 1,696,970 | |
Global Payments, Inc. | 85,600 | 11,441,296 | |
MasterCard, Inc. Class A | 123,459 | 59,454,151 | |
Visa, Inc. Class A | 139,500 | 38,931,660 | |
179,313,812 | |||
Insurance - 2.4% | |||
Arthur J. Gallagher & Co. | 53,054 | 13,265,622 | |
Chubb Ltd. | 84,200 | 21,818,746 | |
Globe Life, Inc. | 16,100 | 1,873,557 | |
Hartford Financial Services Group, Inc. | 151,100 | 15,570,855 | |
Marsh & McLennan Companies, Inc. | 52,200 | 10,752,156 | |
The Travelers Companies, Inc. | 67,942 | 15,636,172 | |
78,917,108 | |||
TOTAL FINANCIALS | 564,534,545 | ||
HEALTH CARE - 11.9% | |||
Biotechnology - 2.0% | |||
Legend Biotech Corp. ADR (a) | 46,600 | 2,613,794 | |
Madrigal Pharmaceuticals, Inc. (a) | 9,300 | 2,483,472 | |
Moderna, Inc. (a) | 180,600 | 19,244,736 | |
Nuvalent, Inc. Class A (a) | 18,800 | 1,411,692 | |
Regeneron Pharmaceuticals, Inc. (a) | 41,455 | 39,900,023 | |
65,653,717 | |||
Health Care Equipment & Supplies - 3.3% | |||
Baxter International, Inc. | 86,000 | 3,675,640 | |
Boston Scientific Corp. (a) | 1,012,337 | 69,334,961 | |
DexCom, Inc. (a) | 7,000 | 970,900 | |
Edwards Lifesciences Corp. (a) | 103,300 | 9,871,348 | |
Glaukos Corp. (a) | 61,400 | 5,789,406 | |
Intuitive Surgical, Inc. (a) | 33,900 | 13,529,151 | |
Stryker Corp. | 18,349 | 6,566,557 | |
109,737,963 | |||
Health Care Providers & Services - 2.0% | |||
Cardinal Health, Inc. | 20,900 | 2,338,710 | |
Centene Corp. (a) | 195,700 | 15,358,536 | |
CVS Health Corp. | 167,800 | 13,383,728 | |
UnitedHealth Group, Inc. | 71,008 | 35,127,658 | |
66,208,632 | |||
Life Sciences Tools & Services - 0.9% | |||
Agilent Technologies, Inc. | 60,100 | 8,745,151 | |
Bruker Corp. | 16,500 | 1,550,010 | |
Danaher Corp. | 58,000 | 14,483,760 | |
Thermo Fisher Scientific, Inc. | 8,633 | 5,017,586 | |
29,796,507 | |||
Pharmaceuticals - 3.7% | |||
Eli Lilly & Co. | 106,638 | 82,960,098 | |
Merck & Co., Inc. | 235,100 | 31,021,445 | |
Novo Nordisk A/S Series B | 84,400 | 10,830,114 | |
124,811,657 | |||
TOTAL HEALTH CARE | 396,208,476 | ||
INDUSTRIALS - 14.1% | |||
Aerospace & Defense - 2.0% | |||
BWX Technologies, Inc. | 4,000 | 410,480 | |
General Dynamics Corp. | 47,300 | 13,361,777 | |
Howmet Aerospace, Inc. | 106,200 | 7,267,266 | |
Spirit AeroSystems Holdings, Inc. Class A (a) | 9,500 | 342,665 | |
The Boeing Co. (a) | 187,403 | 36,166,905 | |
TransDigm Group, Inc. | 6,100 | 7,512,760 | |
65,061,853 | |||
Air Freight & Logistics - 0.4% | |||
FedEx Corp. | 47,900 | 13,878,546 | |
Building Products - 1.8% | |||
Carrier Global Corp. | 63,200 | 3,673,816 | |
Trane Technologies PLC | 188,049 | 56,452,310 | |
60,126,126 | |||
Commercial Services & Supplies - 0.4% | |||
ACV Auctions, Inc. Class A (a) | 46,300 | 869,051 | |
Cintas Corp. | 16,610 | 11,411,568 | |
Republic Services, Inc. | 2,100 | 402,024 | |
12,682,643 | |||
Construction & Engineering - 0.4% | |||
Fluor Corp. (a) | 306,100 | 12,941,908 | |
Electrical Equipment - 3.9% | |||
Eaton Corp. PLC | 296,900 | 92,834,692 | |
Hubbell, Inc. Class B | 38,700 | 16,062,435 | |
Nextracker, Inc. Class A (a) | 229,146 | 12,894,045 | |
Prysmian SpA | 151,500 | 7,912,073 | |
129,703,245 | |||
Ground Transportation - 1.0% | |||
Lyft, Inc. (a) | 238,300 | 4,611,105 | |
Uber Technologies, Inc. (a) | 370,372 | 28,514,940 | |
33,126,045 | |||
Industrial Conglomerates - 1.4% | |||
General Electric Co. | 260,800 | 45,778,224 | |
Machinery - 1.2% | |||
Caterpillar, Inc. | 77,500 | 28,398,325 | |
PACCAR, Inc. | 31,800 | 3,939,702 | |
Parker Hannifin Corp. | 10,400 | 5,780,216 | |
Pentair PLC | 42,600 | 3,639,744 | |
41,757,987 | |||
Passenger Airlines - 0.1% | |||
Alaska Air Group, Inc. (a) | 37,700 | 1,620,723 | |
Delta Air Lines, Inc. | 12,200 | 584,014 | |
2,204,737 | |||
Professional Services - 0.2% | |||
Equifax, Inc. | 13,500 | 3,611,520 | |
Leidos Holdings, Inc. | 20,600 | 2,700,454 | |
RELX PLC (London Stock Exchange) | 22,900 | 987,338 | |
7,299,312 | |||
Trading Companies & Distributors - 1.3% | |||
Applied Industrial Technologies, Inc. | 11,200 | 2,212,560 | |
Ferguson PLC | 19,100 | 4,172,013 | |
United Rentals, Inc. | 35,000 | 25,238,850 | |
W.W. Grainger, Inc. | 8,300 | 8,443,590 | |
Watsco, Inc. | 10,300 | 4,449,291 | |
44,516,304 | |||
TOTAL INDUSTRIALS | 469,076,930 | ||
INFORMATION TECHNOLOGY - 27.3% | |||
Electronic Equipment, Instruments & Components - 1.1% | |||
Amphenol Corp. Class A | 163,300 | 18,836,655 | |
Flex Ltd. (a) | 243,700 | 6,972,257 | |
Jabil, Inc. | 82,700 | 11,077,665 | |
36,886,577 | |||
IT Services - 1.1% | |||
Accenture PLC Class A | 46,723 | 16,194,659 | |
IBM Corp. | 8,300 | 1,584,968 | |
Shopify, Inc. Class A (a) | 245,000 | 18,906,650 | |
X Holdings Corp. Class A (b)(c) | 22,870 | 614,060 | |
37,300,337 | |||
Semiconductors & Semiconductor Equipment - 11.4% | |||
Advanced Micro Devices, Inc. (a) | 76,000 | 13,717,240 | |
Applied Materials, Inc. | 19,000 | 3,918,370 | |
ASML Holding NV (depository receipt) | 34,400 | 33,384,168 | |
Astera Labs, Inc. | 6,000 | 445,140 | |
GlobalFoundries, Inc. (a) | 55,800 | 2,907,738 | |
Marvell Technology, Inc. | 914,348 | 64,808,986 | |
Micron Technology, Inc. | 124,200 | 14,641,938 | |
Monolithic Power Systems, Inc. | 4,000 | 2,709,680 | |
NVIDIA Corp. | 215,400 | 194,626,824 | |
NXP Semiconductors NV | 29,600 | 7,333,992 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 208,000 | 28,298,400 | |
Universal Display Corp. | 75,600 | 12,734,820 | |
379,527,296 | |||
Software - 12.0% | |||
Autodesk, Inc. (a) | 34,700 | 9,036,574 | |
CoreWeave, Inc. (b)(c) | 4,162 | 1,624,054 | |
Dynatrace, Inc. (a) | 64,136 | 2,978,476 | |
Fair Isaac Corp. (a) | 3,700 | 4,623,557 | |
HubSpot, Inc. (a) | 12,500 | 7,832,000 | |
Intuit, Inc. | 12,500 | 8,125,000 | |
Microsoft Corp. | 720,513 | 303,134,228 | |
Salesforce, Inc. | 86,095 | 25,930,092 | |
Synopsys, Inc. (a) | 29,600 | 16,916,400 | |
UiPath, Inc. Class A (a) | 435,300 | 9,868,251 | |
Workday, Inc. Class A (a) | 10,800 | 2,945,700 | |
Zoom Video Communications, Inc. Class A (a) | 61,900 | 4,046,403 | |
397,060,735 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Apple, Inc. | 321,455 | 55,123,103 | |
Samsung Electronics Co. Ltd. | 15,000 | 918,106 | |
56,041,209 | |||
TOTAL INFORMATION TECHNOLOGY | 906,816,154 | ||
MATERIALS - 3.9% | |||
Chemicals - 2.3% | |||
Celanese Corp. Class A | 6,000 | 1,031,160 | |
Linde PLC | 111,890 | 51,952,765 | |
Sherwin-Williams Co. | 62,066 | 21,557,384 | |
74,541,309 | |||
Construction Materials - 0.6% | |||
Martin Marietta Materials, Inc. | 24,300 | 14,918,742 | |
Vulcan Materials Co. | 18,400 | 5,021,728 | |
19,940,470 | |||
Containers & Packaging - 0.1% | |||
Ball Corp. | 69,900 | 4,708,464 | |
Metals & Mining - 0.9% | |||
Agnico Eagle Mines Ltd. (United States) | 17,200 | 1,025,980 | |
Freeport-McMoRan, Inc. | 521,000 | 24,497,420 | |
Gold Fields Ltd. sponsored ADR (e) | 207,100 | 3,290,819 | |
28,814,219 | |||
TOTAL MATERIALS | 128,004,462 | ||
REAL ESTATE - 0.5% | |||
Equity Real Estate Investment Trusts (REITs) - 0.4% | |||
Prologis, Inc. | 19,600 | 2,552,312 | |
Public Storage | 32,400 | 9,397,944 | |
11,950,256 | |||
Real Estate Management & Development - 0.1% | |||
Zillow Group, Inc. Class C (a) | 54,600 | 2,663,388 | |
TOTAL REAL ESTATE | 14,613,644 | ||
UTILITIES - 0.3% | |||
Electric Utilities - 0.3% | |||
Constellation Energy Corp. | 37,700 | 6,968,845 | |
NextEra Energy, Inc. | 42,100 | 2,690,611 | |
Southern Co. | 17,800 | 1,276,972 | |
10,936,428 | |||
TOTAL COMMON STOCKS (Cost $1,963,572,402) | 3,292,437,169 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 0.1% | |||
Interactive Media & Services - 0.1% | |||
ByteDance Ltd. Series E1 (a)(b)(c) | 17,226 | 3,970,076 | |
INFORMATION TECHNOLOGY - 0.2% | |||
IT Services - 0.1% | |||
Yanka Industries, Inc.: | |||
Series E (a)(b)(c) | 165,574 | 918,936 | |
Series F (a)(b)(c) | 265,105 | 1,834,527 | |
2,753,463 | |||
Software - 0.1% | |||
Evozyne, Inc. Series A (a)(b)(c) | 20,000 | 337,600 | |
Moloco, Inc. Series A (b)(c) | 100,208 | 4,480,300 | |
4,817,900 | |||
TOTAL INFORMATION TECHNOLOGY | 7,571,363 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $18,800,105) | 11,541,439 | ||
Money Market Funds - 0.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 22,445,942 | 22,450,431 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 2,690,931 | 2,691,200 | |
TOTAL MONEY MARKET FUNDS (Cost $25,141,631) | 25,141,631 | ||
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $2,007,514,138) | 3,329,120,239 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (10,029,325) |
NET ASSETS - 100.0% | 3,319,090,914 |
(a) | Non-income producing |
(b) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $20,936,228 or 0.6% of net assets. |
(c) | Level 3 security |
(d) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(e) | Security or a portion of the security is on loan at period end. |
(f) | 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. |
(g) | Investment made with cash collateral received from securities on loan. |
(h) | Equity security is subject to lock-up or market standoff agreement. Fair value is based on the unadjusted market price of the equivalent equity security. As of period end, the total fair value of unadjusted equity securities subject to contractual sale restrictions is $172,620 and all restrictions are set to expire on or before September 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 1,887,525 |
Canva, Inc. Class A | 3/18/24 | 2,239,988 |
CoreWeave, Inc. | 11/29/23 | 1,289,637 |
Evozyne, Inc. Series A | 4/09/21 | 449,400 |
Moloco, Inc. Series A | 6/26/23 | 6,012,480 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 1,694,172 |
Tory Burch LLC | 5/14/15 | 2,039,212 |
X Holdings Corp. Class A | 10/25/22 | 2,287,000 |
Yanka Industries, Inc. Series E | 5/15/20 | 2,000,001 |
Yanka Industries, Inc. Series F | 4/08/21 | 8,450,699 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 46,932,472 | 207,169,099 | 231,651,140 | 962,316 | - | - | 22,450,431 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 1,132,389 | 30,373,245 | 28,814,434 | 1,153 | - | - | 2,691,200 | 0.0% |
Total | 48,064,861 | 237,542,344 | 260,465,574 | 963,469 | - | - | 25,141,631 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 300,032,272 | 292,944,819 | 3,117,377 | 3,970,076 |
Consumer Discretionary | 374,993,327 | 371,531,436 | - | 3,461,891 |
Consumer Staples | 42,611,079 | 42,611,079 | - | - |
Energy | 88,579,928 | 88,579,928 | - | - |
Financials | 564,534,545 | 560,839,761 | - | 3,694,784 |
Health Care | 396,208,476 | 396,208,476 | - | - |
Industrials | 469,076,930 | 469,076,930 | - | - |
Information Technology | 914,387,517 | 904,578,040 | - | 9,809,477 |
Materials | 128,004,462 | 128,004,462 | - | - |
Real Estate | 14,613,644 | 14,613,644 | - | - |
Utilities | 10,936,428 | 10,936,428 | - | - |
Money Market Funds | 25,141,631 | 25,141,631 | - | - |
Total Investments in Securities: | 3,329,120,239 | 3,305,066,634 | 3,117,377 | 20,936,228 |
Consolidated Statement of Assets and Liabilities | ||||
March 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,672,698) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,982,372,507) | $ | 3,303,978,608 | ||
Fidelity Central Funds (cost $25,141,631) | 25,141,631 | |||
Total Investment in Securities (cost $2,007,514,138) | $ | 3,329,120,239 | ||
Cash | 442,780 | |||
Restricted cash | 137,422 | |||
Receivable for investments sold | 30,608,624 | |||
Receivable for fund shares sold | 810,011 | |||
Dividends receivable | 1,597,664 | |||
Distributions receivable from Fidelity Central Funds | 78,835 | |||
Prepaid expenses | 1,379 | |||
Other receivables | 14,197 | |||
Total assets | 3,362,811,151 | |||
Liabilities | ||||
Payable to custodian bank | $ | 631 | ||
Payable for investments purchased | 37,491,963 | |||
Payable for fund shares redeemed | 2,134,846 | |||
Accrued management fee | 1,164,217 | |||
Distribution and service plan fees payable | 158,126 | |||
Other payables and accrued expenses | 79,254 | |||
Collateral on securities loaned | 2,691,200 | |||
Total liabilities | 43,720,237 | |||
Net Assets | $ | 3,319,090,914 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,865,968,281 | ||
Total accumulated earnings (loss) | 1,453,122,633 | |||
Net Assets | $ | 3,319,090,914 | ||
Net Asset Value and Maximum Offering Price | ||||
Class O : | ||||
Net Asset Value, offering price and redemption price per share ($2,520,058,589 ÷ 68,728,409 shares) | $ | 36.67 | ||
Class A : | ||||
Net Asset Value and redemption price per share ($503,607,636 ÷ 14,357,098 shares)(a) | $ | 35.08 | ||
Maximum offering price per share (100/94.25 of $35.08) | $ | 37.22 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($62,945,333 ÷ 1,820,994 shares)(a) | $ | 34.57 | ||
Maximum offering price per share (100/96.50 of $34.57) | $ | 35.82 | ||
Class C : | ||||
Net Asset Value and offering price per share ($35,555,492 ÷ 1,093,146 shares)(a) | $ | 32.53 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($141,451,883 ÷ 3,658,598 shares) | $ | 38.66 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($55,471,981 ÷ 1,456,159 shares) | $ | 38.09 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Consolidated Statement of Operations | ||||
Six months ended March 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 13,346,029 | ||
Income from Fidelity Central Funds (including $1,153 from security lending) | 963,469 | |||
Total income | 14,309,498 | |||
Expenses | ||||
Management fee | $ | 5,849,182 | ||
Transfer agent fees | 851,142 | |||
Distribution and service plan fees | 840,310 | |||
Accounting fees | 311,333 | |||
Custodian fees and expenses | 34,993 | |||
Independent trustees' fees and expenses | 7,104 | |||
Registration fees | 43,479 | |||
Audit | 48,106 | |||
Legal | 6,105 | |||
Miscellaneous | 6,545 | |||
Total expenses before reductions | 7,998,299 | |||
Expense reductions | (590,179) | |||
Total expenses after reductions | 7,408,120 | |||
Net Investment income (loss) | 6,901,378 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 134,528,998 | |||
Foreign currency transactions | (7,028) | |||
Total net realized gain (loss) | 134,521,970 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 600,789,605 | |||
Assets and liabilities in foreign currencies | 3,615 | |||
Total change in net unrealized appreciation (depreciation) | 600,793,220 | |||
Net gain (loss) | 735,315,190 | |||
Net increase (decrease) in net assets resulting from operations | $ | 742,216,568 |
Consolidated Statement of Changes in Net Assets | ||||
Six months ended March 31, 2024 (Unaudited) | Year ended September 30, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 6,901,378 | $ | 14,525,546 |
Net realized gain (loss) | 134,521,970 | 94,405,531 | ||
Change in net unrealized appreciation (depreciation) | 600,793,220 | 392,007,315 | ||
Net increase (decrease) in net assets resulting from operations | 742,216,568 | 500,938,392 | ||
Distributions to shareholders | (99,367,111) | (196,467,573) | ||
Share transactions - net increase (decrease) | 32,770,028 | 71,602,216 | ||
Total increase (decrease) in net assets | 675,619,485 | 376,073,035 | ||
Net Assets | ||||
Beginning of period | 2,643,471,429 | 2,267,398,394 | ||
End of period | $ | 3,319,090,914 | $ | 2,643,471,429 |
Fidelity Advisor® Diversified Stock Fund Class O |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 29.56 | $ | 26.24 | $ | 37.32 | $ | 30.57 | $ | 24.95 | $ | 28.95 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .19 | .26 | .16 | .20 | .22 | ||||||
Net realized and unrealized gain (loss) | 8.15 | 5.47 | (5.43) | 8.28 | 6.28 | (1.33) | ||||||
Total from investment operations | 8.24 | 5.66 | (5.17) | 8.44 | 6.48 | (1.11) | ||||||
Distributions from net investment income | (.18) | (.22) | (.25) C | (.17) | (.22) | (.17) | ||||||
Distributions from net realized gain | (.95) | (2.11) | (5.66) C | (1.53) | (.64) | (2.71) | ||||||
Total distributions | (1.13) | (2.34) D | (5.91) | (1.69) D | (.86) | (2.89) D | ||||||
Net asset value, end of period | $ | 36.67 | $ | 29.56 | $ | 26.24 | $ | 37.32 | $ | 30.57 | $ | 24.95 |
Total Return E,F | 28.51 % | 22.87% | (17.44)% | 28.60% | 26.50% | (2.68)% G | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .47% J | .55% | .55% | .55% | .57% | .57% | ||||||
Expenses net of fee waivers, if any | .42 % J | .44% | .45% | .45% | .46% | .46% | ||||||
Expenses net of all reductions | .42% J | .44% | .45% | .44% | .45% | .46% | ||||||
Net investment income (loss) | .56% J | .65% | .80% | .47% | .74% | .88% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,520,059 | $ | 2,028,690 | $ | 1,791,079 | $ | 2,335,000 | $ | 1,935,829 | $ | 1,640,484 |
Portfolio turnover rate K | 74 % J | 85% | 90% | 75% | 78% | 95% |
Fidelity Advisor® Diversified Stock Fund Class A |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 28.28 | $ | 25.18 | $ | 36.04 | $ | 29.58 | $ | 24.17 | $ | 28.14 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .08 | .14 | .04 | .10 | .12 | ||||||
Net realized and unrealized gain (loss) | 7.81 | 5.25 | (5.22) | 8.01 | 6.08 | (1.30) | ||||||
Total from investment operations | 7.84 | 5.33 | (5.08) | 8.05 | 6.18 | (1.18) | ||||||
Distributions from net investment income | (.09) | (.12) | (.12) C | (.07) | (.13) | (.08) | ||||||
Distributions from net realized gain | (.95) | (2.11) | (5.66) C | (1.53) | (.64) | (2.71) | ||||||
Total distributions | (1.04) | (2.23) | (5.78) | (1.59) D | (.77) | (2.79) | ||||||
Net asset value, end of period | $ | 35.08 | $ | 28.28 | $ | 25.18 | $ | 36.04 | $ | 29.58 | $ | 24.17 |
Total Return E,F,G | 28.30 % | 22.46% | (17.76)% | 28.17% | 26.05% | (3.05)% H | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .80% K | .85% | .85% | .85% | .87% | .88% | ||||||
Expenses net of fee waivers, if any | .77 % K | .79% | .80% | .80% | .81% | .82% | ||||||
Expenses net of all reductions | .77% K | .79% | .80% | .79% | .80% | .81% | ||||||
Net investment income (loss) | .20% K | .30% | .45% | .12% | .38% | .52% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 503,608 | $ | 389,470 | $ | 318,997 | $ | 399,876 | $ | 314,622 | $ | 270,441 |
Portfolio turnover rate L | 74 % K | 85% | 90% | 75% | 78% | 95% |
Fidelity Advisor® Diversified Stock Fund Class M |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.85 | $ | 24.82 | $ | 35.60 | $ | 29.27 | $ | 23.91 | $ | 27.86 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.02) | (.01) | .04 | (.07) | .01 | .04 | ||||||
Net realized and unrealized gain (loss) | 7.69 | 5.18 | (5.14) | 7.93 | 6.02 | (1.29) | ||||||
Total from investment operations | 7.67 | 5.17 | (5.10) | 7.86 | 6.03 | (1.25) | ||||||
Distributions from net investment income | - | (.02) | (.04) C | - | (.03) | - | ||||||
Distributions from net realized gain | (.95) | (2.11) | (5.64) C | (1.53) | (.64) | (2.70) | ||||||
Total distributions | (.95) | (2.14) D | (5.68) | (1.53) | (.67) | (2.70) | ||||||
Net asset value, end of period | $ | 34.57 | $ | 27.85 | $ | 24.82 | $ | 35.60 | $ | 29.27 | $ | 23.91 |
Total Return E,F,G | 28.09 % | 22.03% | (18.02)% | 27.74% | 25.64% | (3.42)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.11% J | 1.12% | 1.12% | 1.13% | 1.17% | 1.18% | ||||||
Expenses net of fee waivers, if any | 1.10 % J | 1.12% | 1.12% | 1.13% | 1.16% | 1.18% | ||||||
Expenses net of all reductions | 1.10% J | 1.12% | 1.12% | 1.12% | 1.16% | 1.18% | ||||||
Net investment income (loss) | (.12)% J | (.02)% | .12% | (.21)% | .03% | .16% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 62,945 | $ | 49,711 | $ | 41,957 | $ | 53,062 | $ | 42,562 | $ | 38,382 |
Portfolio turnover rate K | 74 % J | 85% | 90% | 75% | 78% | 95% |
Fidelity Advisor® Diversified Stock Fund Class C |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.33 | $ | 23.67 | $ | 34.17 | $ | 28.30 | $ | 23.21 | $ | 27.13 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.09) | (.15) | (.13) | (.25) | (.13) | (.09) | ||||||
Net realized and unrealized gain (loss) | 7.24 | 4.92 | (4.91) | 7.65 | 5.82 | (1.25) | ||||||
Total from investment operations | 7.15 | 4.77 | (5.04) | 7.40 | 5.69 | (1.34) | ||||||
Distributions from net investment income | - | - | (.04) C | - | - D | - | ||||||
Distributions from net realized gain | (.95) | (2.11) | (5.42) C | (1.53) | (.60) | (2.58) | ||||||
Total distributions | (.95) | (2.11) | (5.46) | (1.53) | (.60) | (2.58) | ||||||
Net asset value, end of period | $ | 32.53 | $ | 26.33 | $ | 23.67 | $ | 34.17 | $ | 28.30 | $ | 23.21 |
Total Return E,F,G | 27.73 % | 21.38% | (18.49)% | 27.03% | 24.87% | (3.92)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.64% J | 1.69% | 1.69% | 1.70% | 1.73% | 1.74% | ||||||
Expenses net of fee waivers, if any | 1.63 % J | 1.68% | 1.69% | 1.70% | 1.73% | 1.74% | ||||||
Expenses net of all reductions | 1.63% J | 1.68% | 1.69% | 1.69% | 1.72% | 1.74% | ||||||
Net investment income (loss) | (.65)% J | (.59)% | (.45)% | (.78)% | (.54)% | (.40)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 35,555 | $ | 27,192 | $ | 22,437 | $ | 32,096 | $ | 30,556 | $ | 29,785 |
Portfolio turnover rate K | 74 % J | 85% | 90% | 75% | 78% | 95% |
Fidelity Advisor® Diversified Stock Fund Class I |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 31.10 | $ | 27.49 | $ | 38.84 | $ | 31.75 | $ | 25.88 | $ | 29.91 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .15 | .22 | .12 | .16 | .18 | ||||||
Net realized and unrealized gain (loss) | 8.58 | 5.75 | (5.71) | 8.62 | 6.52 | (1.36) | ||||||
Total from investment operations | 8.65 | 5.90 | (5.49) | 8.74 | 6.68 | (1.18) | ||||||
Distributions from net investment income | (.14) | (.18) | (.20) C | (.12) | (.18) | (.13) | ||||||
Distributions from net realized gain | (.95) | (2.11) | (5.66) C | (1.53) | (.64) | (2.71) | ||||||
Total distributions | (1.09) | (2.29) | (5.86) | (1.65) | (.81) D | (2.85) D | ||||||
Net asset value, end of period | $ | 38.66 | $ | 31.10 | $ | 27.49 | $ | 38.84 | $ | 31.75 | $ | 25.88 |
Total Return E,F | 28.39 % | 22.70% | (17.57)% | 28.43% | 26.32% | (2.85)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .58% I | .59% | .59% | .59% | .61% | .62% | ||||||
Expenses net of fee waivers, if any | .57 % I | .59% | .59% | .59% | .61% | .62% | ||||||
Expenses net of all reductions | .57% I | .59% | .59% | .58% | .60% | .62% | ||||||
Net investment income (loss) | .41% I | .51% | .65% | .33% | .59% | .72% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 141,452 | $ | 111,079 | $ | 75,626 | $ | 73,345 | $ | 58,886 | $ | 56,150 |
Portfolio turnover rate J | 74 % I | 85% | 90% | 75% | 78% | 95% |
Fidelity Advisor® Diversified Stock Fund Class Z |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.67 | $ | 27.14 | $ | 38.41 | $ | 31.42 | $ | 25.62 | $ | 29.65 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .18 | .25 | .16 | .19 | .21 | ||||||
Net realized and unrealized gain (loss) | 8.45 | 5.68 | (5.63) | 8.51 | 6.46 | (1.36) | ||||||
Total from investment operations | 8.54 | 5.86 | (5.38) | 8.67 | 6.65 | (1.15) | ||||||
Distributions from net investment income | (.17) | (.22) | (.23) C | (.16) | (.21) | (.17) | ||||||
Distributions from net realized gain | (.95) | (2.11) | (5.66) C | (1.53) | (.64) | (2.71) | ||||||
Total distributions | (1.12) | (2.33) | (5.89) | (1.68) D | (.85) | (2.88) | ||||||
Net asset value, end of period | $ | 38.09 | $ | 30.67 | $ | 27.14 | $ | 38.41 | $ | 31.42 | $ | 25.62 |
Total Return E,F | 28.46 % | 22.85% | (17.47)% | 28.55% | 26.47% | (2.74)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .47% I | .48% | .48% | .48% | .49% | .50% | ||||||
Expenses net of fee waivers, if any | .46 % I | .47% | .48% | .48% | .49% | .50% | ||||||
Expenses net of all reductions | .46% I | .47% | .48% | .47% | .49% | .49% | ||||||
Net investment income (loss) | .52% I | .62% | .77% | .44% | .70% | .84% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 55,472 | $ | 37,329 | $ | 17,302 | $ | 16,639 | $ | 12,284 | $ | 10,010 |
Portfolio turnover rate J | 74 % I | 85% | 90% | 75% | 78% | 95% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
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% |
Fidelity Advisor Diversified Stock Fund | $9,541 |
Gross unrealized appreciation | $1,338,081,705 |
Gross unrealized depreciation | (18,310,174) |
Net unrealized appreciation (depreciation) | $1,319,771,531 |
Tax cost | $2,009,348,708 |
Amount ($) | % of Net Assets | |
Fidelity Advisor Diversified Stock Fund | 1,359,327 | .04 |
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 Advisor Diversified Stock Fund | 1,066,081,756 | 1,113,629,363 |
Maximum Management Fee Rate % | |
Class O | .40 |
Class A | .50 |
Class M | .57 |
Class C | .59 |
Class I | .55 |
Class Z | .43 |
Total Management Fee Rate % | |
Class O | .40 |
Class A | .50 |
Class M | .57 |
Class C | .59 |
Class I | .55 |
Class Z | .43 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 546,007 | 5,597 |
Class M | .25% | .25% | 140,060 | - |
Class C | .75% | .25% | 154,243 | 43,065 |
840,310 | 48,662 |
Retained by FDC ($) | |
Class A | 52,483 |
Class M | 3,021 |
Class C A | 528 |
56,032 |
% of Class-Level Average Net Assets | |
Class O | 0.0100 |
Class A | 0.1100 |
Class M | 0.1861 |
Class C | 0.2000 |
Class I | 0.1602 |
Amount ($) | % of Class-Level Average Net Assets | |
Class O | 462,221 | .05 |
Class A | 228,993 | .13 |
Class M | 42,470 | .19 |
Class C | 27,357 | .22 |
Class I | 82,495 | .16 |
Class Z | 7,606 | .04 |
851,142 |
% of Average Net Assets | |
Fidelity Advisor Diversified Stock Fund | 0.0260 |
% of Average Net Assets | |
Fidelity Advisor Diversified Stock Fund | .03 |
Amount ($) | |
Fidelity Advisor Diversified Stock Fund | 18,629 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Diversified Stock Fund | 48,900,584 | 55,790,262 | 409,517 |
Amount ($) | |
Fidelity Advisor Diversified Stock Fund | 3,781 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Diversified Stock Fund | 124 | - | - |
Transfer Agent Fees Limitation | Waiver ($) | |
Class O | .01% | 370,469 |
Class A | .11% | 33,943 |
Expense reduction ($) | |
Class M | 111 |
Six months ended March 31, 2024 | Year ended September 30, 2023 | |
Fidelity Advisor Diversified Stock Fund | ||
Distributions to shareholders | ||
Class O | $76,992,583 | $154,281,370 |
Class A | 14,193,432 | 28,221,117 |
Class M | 1,717,575 | 3,593,245 |
Class C | 982,714 | 1,915,199 |
Class I | 4,036,650 | 6,755,305 |
Class Z | 1,444,157 | 1,701,337 |
Total | $ 99,367,111 | $ 196,467,573 |
Shares | Shares | Dollars | Dollars | |
Six months ended March 31, 2024 | Year ended September 30, 2023 | Six months ended March 31, 2024 | Year ended September 30, 2023 | |
Fidelity Advisor Diversified Stock Fund | ||||
Class O | ||||
Shares sold | 169,757 | 325,309 | $5,387,390 | $9,339,172 |
Reinvestment of distributions | 2,115,120 | 5,205,884 | 66,626,272 | 134,051,504 |
Shares redeemed | (2,182,096) | (5,174,055) | (71,113,341) | (143,633,754) |
Net increase (decrease) | 102,781 | 357,138 | $900,321 | $(243,078) |
Class A | ||||
Shares sold | 960,070 | 1,625,740 | $30,376,809 | $44,177,246 |
Reinvestment of distributions | 464,571 | 1,127,278 | 14,011,464 | 27,855,059 |
Shares redeemed | (837,381) | (1,650,632) | (26,009,616) | (44,684,185) |
Net increase (decrease) | 587,260 | 1,102,386 | $18,378,657 | $27,348,120 |
Class M | ||||
Shares sold | 161,292 | 250,524 | $5,016,544 | $6,770,032 |
Reinvestment of distributions | 57,589 | 146,709 | 1,713,269 | 3,578,243 |
Shares redeemed | (182,645) | (303,136) | (5,800,679) | (8,135,215) |
Net increase (decrease) | 36,236 | 94,097 | $929,134 | $2,213,060 |
Class C | ||||
Shares sold | 176,338 | 318,929 | $5,169,726 | $8,182,208 |
Reinvestment of distributions | 34,432 | 81,037 | 965,462 | 1,876,816 |
Shares redeemed | (150,432) | (315,056) | (4,412,735) | (7,967,842) |
Net increase (decrease) | 60,338 | 84,910 | $1,722,453 | $2,091,182 |
Class I | ||||
Shares sold | 780,023 | 1,360,395 | $26,488,504 | $40,572,809 |
Reinvestment of distributions | 106,611 | 210,392 | 3,542,668 | 5,705,837 |
Shares redeemed | (799,808) | (750,379) | (27,245,186) | (22,428,071) |
Net increase (decrease) | 86,826 | 820,408 | $2,785,986 | $23,850,575 |
Class Z | ||||
Shares sold | 323,889 | 816,559 | $10,961,687 | $23,688,094 |
Reinvestment of distributions | 39,704 | 58,613 | 1,299,502 | 1,566,132 |
Shares redeemed | (124,592) | (295,597) | (4,207,712) | (8,911,869) |
Net increase (decrease) | 239,001 | 579,575 | $8,053,477 | $16,342,357 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2023 to March 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value October 1, 2023 | Ending Account Value March 31, 2024 | Expenses Paid During Period- C October 1, 2023 to March 31, 2024 | |||||||
Fidelity Advisor® Diversified Stock Fund | ||||||||||
Class O | .42% | |||||||||
Actual | $ 1,000 | $ 1,285.10 | $ 2.40 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.90 | $ 2.12 | |||||||
Class A | .77% | |||||||||
Actual | $ 1,000 | $ 1,283.00 | $ 4.39 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.15 | $ 3.89 | |||||||
Class M | 1.10% | |||||||||
Actual | $ 1,000 | $ 1,280.90 | $ 6.27 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.50 | $ 5.55 | |||||||
Class C | 1.63% | |||||||||
Actual | $ 1,000 | $ 1,277.30 | $ 9.28 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.85 | $ 8.22 | |||||||
Class I | .57% | |||||||||
Actual | $ 1,000 | $ 1,283.90 | $ 3.25 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.15 | $ 2.88 | |||||||
Class Z ** | .46% | |||||||||
Actual | $ 1,000 | $ 1,284.60 | $ 2.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.70 | $ 2.33 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity Advisor® Diversified Stock Fund | ||||||
Class Z | .43% | |||||
Actual | $ 2.46 | |||||
Hypothetical- B | $ 2.17 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- 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) | ||
Microsoft Corp. | 7.8 | |
Exxon Mobil Corp. | 6.3 | |
General Electric Co. | 6.3 | |
Wells Fargo & Co. | 5.8 | |
NVIDIA Corp. | 3.1 | |
Bank of America Corp. | 2.7 | |
Meta Platforms, Inc. Class A | 2.7 | |
Apple, Inc. | 2.4 | |
The Boeing Co. | 2.3 | |
Alphabet, Inc. Class A | 1.9 | |
41.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 20.8 | |
Financials | 17.4 | |
Industrials | 15.8 | |
Health Care | 12.3 | |
Communication Services | 10.0 | |
Energy | 9.7 | |
Consumer Staples | 5.4 | |
Consumer Discretionary | 3.6 | |
Materials | 2.1 | |
Real Estate | 0.9 | |
Utilities | 0.9 | |
Asset Allocation (% of Fund's net assets) |
Common Stocks - 98.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 10.0% | |||
Diversified Telecommunication Services - 0.1% | |||
Cellnex Telecom SA (a) | 172,200 | 6,093,782 | |
Entertainment - 1.0% | |||
The Walt Disney Co. | 198,100 | 24,239,516 | |
Universal Music Group NV | 745,600 | 22,413,850 | |
46,653,366 | |||
Interactive Media & Services - 6.8% | |||
Alphabet, Inc.: | |||
Class A (b) | 572,400 | 86,392,332 | |
Class C (b) | 519,260 | 79,062,528 | |
Match Group, Inc. (b) | 307,700 | 11,163,356 | |
Meta Platforms, Inc. Class A | 249,839 | 121,316,822 | |
Reddit, Inc. Class B (f) | 5,200 | 256,464 | |
Snap, Inc. Class A (b) | 1,124,134 | 12,905,058 | |
311,096,560 | |||
Media - 2.1% | |||
Charter Communications, Inc. Class A (b) | 8,200 | 2,383,166 | |
Comcast Corp. Class A | 1,764,200 | 76,478,070 | |
Interpublic Group of Companies, Inc. | 476,600 | 15,551,458 | |
94,412,694 | |||
TOTAL COMMUNICATION SERVICES | 458,256,402 | ||
CONSUMER DISCRETIONARY - 3.6% | |||
Automobiles - 0.1% | |||
Rivian Automotive, Inc. (b) | 241,500 | 2,644,425 | |
Broadline Retail - 0.1% | |||
Amazon.com, Inc. (b) | 28,500 | 5,140,830 | |
Hotels, Restaurants & Leisure - 1.8% | |||
Booking Holdings, Inc. | 14,200 | 51,515,896 | |
Expedia Group, Inc. (b) | 68,200 | 9,394,550 | |
Marriott International, Inc. Class A | 62,900 | 15,870,299 | |
Starbucks Corp. | 62,000 | 5,666,180 | |
82,446,925 | |||
Household Durables - 0.4% | |||
Mohawk Industries, Inc. (b) | 85,100 | 11,138,739 | |
Sony Group Corp. sponsored ADR (c) | 44,500 | 3,815,430 | |
Whirlpool Corp. (c) | 21,400 | 2,560,082 | |
17,514,251 | |||
Specialty Retail - 1.1% | |||
JD Sports Fashion PLC | 2,974,200 | 5,047,777 | |
Lowe's Companies, Inc. | 161,800 | 41,215,314 | |
RH (b) | 10,700 | 3,726,382 | |
49,989,473 | |||
Textiles, Apparel & Luxury Goods - 0.1% | |||
Compagnie Financiere Richemont SA Series A | 12,550 | 1,911,889 | |
NIKE, Inc. Class B | 33,200 | 3,120,136 | |
5,032,025 | |||
TOTAL CONSUMER DISCRETIONARY | 162,767,929 | ||
CONSUMER STAPLES - 5.4% | |||
Beverages - 1.7% | |||
Diageo PLC sponsored ADR (c) | 102,100 | 15,186,354 | |
Keurig Dr. Pepper, Inc. | 916,900 | 28,121,323 | |
The Coca-Cola Co. | 565,200 | 34,578,936 | |
77,886,613 | |||
Consumer Staples Distribution & Retail - 1.7% | |||
Performance Food Group Co. (b) | 132,400 | 9,882,336 | |
Sysco Corp. | 288,100 | 23,387,958 | |
Target Corp. | 92,300 | 16,356,483 | |
U.S. Foods Holding Corp. (b) | 165,700 | 8,942,829 | |
Walmart, Inc. | 295,400 | 17,774,218 | |
76,343,824 | |||
Household Products - 0.0% | |||
Procter & Gamble Co. | 2,400 | 389,400 | |
Personal Care Products - 1.6% | |||
Estee Lauder Companies, Inc. Class A | 76,100 | 11,730,815 | |
Haleon PLC ADR (c) | 3,508,900 | 29,790,561 | |
Kenvue, Inc. | 1,363,413 | 29,258,843 | |
70,780,219 | |||
Tobacco - 0.4% | |||
Altria Group, Inc. | 385,000 | 16,793,700 | |
Philip Morris International, Inc. | 37,300 | 3,417,426 | |
20,211,126 | |||
TOTAL CONSUMER STAPLES | 245,611,182 | ||
ENERGY - 9.7% | |||
Energy Equipment & Services - 0.1% | |||
Tidewater, Inc. (b) | 60,300 | 5,547,600 | |
Oil, Gas & Consumable Fuels - 9.6% | |||
Cameco Corp. | 21,500 | 931,380 | |
Exxon Mobil Corp. | 2,488,600 | 289,274,864 | |
Galp Energia SGPS SA Class B | 20,400 | 337,386 | |
Imperial Oil Ltd. | 829,100 | 57,189,231 | |
Kosmos Energy Ltd. (b) | 2,999,501 | 17,877,026 | |
MEG Energy Corp. (b) | 910,800 | 20,912,425 | |
Pioneer Natural Resources Co. | 47,800 | 12,547,500 | |
Shell PLC ADR | 611,000 | 40,961,440 | |
440,031,252 | |||
TOTAL ENERGY | 445,578,852 | ||
FINANCIALS - 17.4% | |||
Banks - 12.0% | |||
Bank of America Corp. | 3,284,815 | 124,560,185 | |
JPMorgan Chase & Co. | 286,300 | 57,345,890 | |
M&T Bank Corp. | 113,700 | 16,536,528 | |
PNC Financial Services Group, Inc. | 295,816 | 47,803,866 | |
U.S. Bancorp | 803,542 | 35,918,327 | |
Wells Fargo & Co. | 4,583,350 | 265,650,966 | |
547,815,762 | |||
Capital Markets - 2.1% | |||
3i Group PLC | 56,200 | 1,992,233 | |
Charles Schwab Corp. | 41,200 | 2,980,408 | |
CME Group, Inc. | 5,100 | 1,097,979 | |
KKR & Co. LP | 367,085 | 36,921,409 | |
Moody's Corp. | 4,500 | 1,768,635 | |
Morgan Stanley | 133,600 | 12,579,776 | |
Northern Trust Corp. | 394,695 | 35,096,279 | |
Raymond James Financial, Inc. | 36,050 | 4,629,541 | |
97,066,260 | |||
Financial Services - 3.0% | |||
Edenred SA | 242,100 | 12,923,227 | |
Fidelity National Information Services, Inc. | 158,400 | 11,750,112 | |
Global Payments, Inc. | 30,700 | 4,103,362 | |
MasterCard, Inc. Class A | 38,600 | 18,588,602 | |
PayPal Holdings, Inc. (b) | 94,700 | 6,343,953 | |
Visa, Inc. Class A | 297,400 | 82,998,392 | |
136,707,648 | |||
Insurance - 0.3% | |||
Arthur J. Gallagher & Co. | 5,400 | 1,350,216 | |
Chubb Ltd. | 40,200 | 10,417,026 | |
11,767,242 | |||
TOTAL FINANCIALS | 793,356,912 | ||
HEALTH CARE - 12.3% | |||
Biotechnology - 0.5% | |||
Alnylam Pharmaceuticals, Inc. (b) | 43,000 | 6,426,350 | |
Argenx SE ADR (b) | 6,600 | 2,598,552 | |
Insmed, Inc. (b) | 173,179 | 4,698,346 | |
Vaxcyte, Inc. (b) | 110,900 | 7,575,579 | |
Verve Therapeutics, Inc. (b)(c) | 66,900 | 888,432 | |
22,187,259 | |||
Health Care Equipment & Supplies - 2.0% | |||
Abbott Laboratories | 27,700 | 3,148,382 | |
Becton, Dickinson & Co. | 40,600 | 10,046,470 | |
Boston Scientific Corp. (b) | 1,013,851 | 69,438,655 | |
Galderma Group AG | 65,500 | 4,604,078 | |
Koninklijke Philips Electronics NV (depository receipt) (NY Reg.) | 183,551 | 3,671,020 | |
90,908,605 | |||
Health Care Providers & Services - 5.5% | |||
Cardinal Health, Inc. | 240,700 | 26,934,330 | |
Centene Corp. (b) | 34,000 | 2,668,320 | |
Cigna Group | 170,900 | 62,069,171 | |
CVS Health Corp. | 226,400 | 18,057,664 | |
Guardant Health, Inc. (b) | 80,400 | 1,658,652 | |
Humana, Inc. | 51,300 | 17,786,736 | |
McKesson Corp. | 82,980 | 44,547,813 | |
UnitedHealth Group, Inc. | 153,300 | 75,837,510 | |
249,560,196 | |||
Life Sciences Tools & Services - 0.4% | |||
Danaher Corp. | 71,400 | 17,830,008 | |
Thermo Fisher Scientific, Inc. | 3,500 | 2,034,235 | |
19,864,243 | |||
Pharmaceuticals - 3.9% | |||
Bristol-Myers Squibb Co. | 928,400 | 50,347,132 | |
Eli Lilly & Co. | 50,520 | 39,302,539 | |
GSK PLC sponsored ADR | 753,100 | 32,285,397 | |
Johnson & Johnson | 186,857 | 29,558,909 | |
Sanofi SA sponsored ADR | 46,200 | 2,245,320 | |
UCB SA | 192,800 | 23,804,283 | |
177,543,580 | |||
TOTAL HEALTH CARE | 560,063,883 | ||
INDUSTRIALS - 15.6% | |||
Aerospace & Defense - 4.0% | |||
Airbus Group NV | 133,400 | 24,585,235 | |
Bombardier, Inc. Class B (sub. vtg.) (b) | 130,900 | 5,619,664 | |
General Dynamics Corp. | 49,300 | 13,926,757 | |
Huntington Ingalls Industries, Inc. | 35,000 | 10,201,450 | |
Rolls-Royce Holdings PLC (b) | 492,100 | 2,647,049 | |
Safran SA | 29,100 | 6,592,770 | |
Spirit AeroSystems Holdings, Inc. Class A (b) | 304,800 | 10,994,136 | |
Textron, Inc. | 42,000 | 4,029,060 | |
The Boeing Co. (b) | 545,400 | 105,256,746 | |
183,852,867 | |||
Air Freight & Logistics - 1.6% | |||
FedEx Corp. | 78,400 | 22,715,616 | |
United Parcel Service, Inc. Class B | 329,200 | 48,928,996 | |
71,644,612 | |||
Building Products - 0.1% | |||
Johnson Controls International PLC | 52,400 | 3,422,768 | |
Commercial Services & Supplies - 0.3% | |||
ACV Auctions, Inc. Class A (b) | 307,100 | 5,764,267 | |
GFL Environmental, Inc. | 99,400 | 3,427,814 | |
Veralto Corp. | 25,833 | 2,290,354 | |
11,482,435 | |||
Electrical Equipment - 1.6% | |||
Acuity Brands, Inc. | 36,000 | 9,674,280 | |
Hubbell, Inc. Class B | 40,318 | 16,733,986 | |
Regal Rexnord Corp. | 71,300 | 12,841,130 | |
Vertiv Holdings Co. | 426,900 | 34,864,923 | |
74,114,319 | |||
Ground Transportation - 0.4% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 282,900 | 15,565,158 | |
Industrial Conglomerates - 6.4% | |||
3M Co. | 33,900 | 3,595,773 | |
General Electric Co. | 1,640,059 | 287,879,556 | |
291,475,329 | |||
Machinery - 0.9% | |||
Chart Industries, Inc. (b) | 42,600 | 7,017,072 | |
Cummins, Inc. | 24,400 | 7,189,460 | |
Fortive Corp. | 112,100 | 9,642,842 | |
Nordson Corp. | 6,800 | 1,866,872 | |
Otis Worldwide Corp. | 71,750 | 7,122,623 | |
Stanley Black & Decker, Inc. | 34,900 | 3,417,757 | |
Westinghouse Air Brake Tech Co. | 31,002 | 4,516,371 | |
40,772,997 | |||
Passenger Airlines - 0.1% | |||
Copa Holdings SA Class A | 13,500 | 1,406,160 | |
Ryanair Holdings PLC sponsored ADR | 34,400 | 5,008,296 | |
6,414,456 | |||
Professional Services - 0.1% | |||
Equifax, Inc. | 15,900 | 4,253,568 | |
Paycom Software, Inc. | 10,600 | 2,109,506 | |
6,363,074 | |||
Trading Companies & Distributors - 0.1% | |||
Beijer Ref AB (B Shares) | 149,599 | 2,227,958 | |
Watsco, Inc. | 7,800 | 3,369,366 | |
5,597,324 | |||
TOTAL INDUSTRIALS | 710,705,339 | ||
INFORMATION TECHNOLOGY - 20.8% | |||
IT Services - 0.3% | |||
EPAM Systems, Inc. (b) | 9,300 | 2,568,288 | |
IBM Corp. | 43,000 | 8,211,280 | |
Snowflake, Inc. (b) | 3,300 | 533,280 | |
Twilio, Inc. Class A (b) | 80,000 | 4,892,000 | |
16,204,848 | |||
Semiconductors & Semiconductor Equipment - 6.1% | |||
Analog Devices, Inc. | 46,200 | 9,137,898 | |
Applied Materials, Inc. | 88,000 | 18,148,240 | |
BE Semiconductor Industries NV | 600 | 91,887 | |
Broadcom, Inc. | 16,300 | 21,604,183 | |
Lam Research Corp. | 15,700 | 15,253,649 | |
Marvell Technology, Inc. | 495,504 | 35,121,324 | |
NVIDIA Corp. | 155,700 | 140,684,292 | |
Qualcomm, Inc. | 87,390 | 14,795,127 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 129,900 | 17,672,895 | |
Teradyne, Inc. | 39,400 | 4,445,502 | |
276,954,997 | |||
Software - 11.9% | |||
Adobe, Inc. (b) | 72,200 | 36,432,120 | |
Autodesk, Inc. (b) | 46,100 | 12,005,362 | |
DoubleVerify Holdings, Inc. (b) | 64,200 | 2,257,272 | |
Elastic NV (b) | 93,300 | 9,352,392 | |
Intuit, Inc. | 23,100 | 15,015,000 | |
Microsoft Corp. | 852,300 | 358,579,657 | |
Oracle Corp. | 320,100 | 40,207,761 | |
PTC, Inc. (b) | 37,900 | 7,160,826 | |
Sage Group PLC | 239,900 | 3,830,894 | |
Salesforce, Inc. | 17,700 | 5,330,886 | |
SAP SE sponsored ADR (c) | 253,300 | 49,401,099 | |
Workday, Inc. Class A (b) | 12,900 | 3,518,475 | |
543,091,744 | |||
Technology Hardware, Storage & Peripherals - 2.5% | |||
Apple, Inc. | 634,100 | 108,735,468 | |
Samsung Electronics Co. Ltd. | 84,220 | 5,154,858 | |
113,890,326 | |||
TOTAL INFORMATION TECHNOLOGY | 950,141,915 | ||
MATERIALS - 2.1% | |||
Chemicals - 0.4% | |||
Air Products & Chemicals, Inc. | 28,300 | 6,856,241 | |
DuPont de Nemours, Inc. | 128,300 | 9,836,761 | |
Sherwin-Williams Co. | 7,400 | 2,570,242 | |
19,263,244 | |||
Metals & Mining - 1.7% | |||
First Quantum Minerals Ltd. | 2,901,900 | 31,193,550 | |
Freeport-McMoRan, Inc. | 738,379 | 34,718,581 | |
Ivanhoe Mines Ltd. (b) | 1,071,700 | 12,786,026 | |
78,698,157 | |||
TOTAL MATERIALS | 97,961,401 | ||
REAL ESTATE - 0.9% | |||
Equity Real Estate Investment Trusts (REITs) - 0.9% | |||
American Tower Corp. | 56,700 | 11,203,353 | |
Crown Castle, Inc. | 158,400 | 16,763,472 | |
Equinix, Inc. | 1,400 | 1,155,462 | |
Simon Property Group, Inc. | 88,000 | 13,771,120 | |
42,893,407 | |||
UTILITIES - 0.9% | |||
Electric Utilities - 0.9% | |||
Duke Energy Corp. | 18,200 | 1,760,122 | |
Entergy Corp. | 32,200 | 3,402,896 | |
Southern Co. | 489,300 | 35,102,382 | |
40,265,400 | |||
Multi-Utilities - 0.0% | |||
Sempra | 18,600 | 1,336,038 | |
TOTAL UTILITIES | 41,601,438 | ||
TOTAL COMMON STOCKS (Cost $2,454,446,180) | 4,508,938,660 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
INDUSTRIALS - 0.2% | |||
Aerospace & Defense - 0.2% | |||
Embraer SA sponsored ADR (b) (Cost $4,039,381) | 366,900 | 9,774,216 | |
Money Market Funds - 2.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 40,828,268 | 40,836,434 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 70,866,444 | 70,873,531 | |
TOTAL MONEY MARKET FUNDS (Cost $111,709,965) | 111,709,965 | ||
TOTAL INVESTMENT IN SECURITIES - 101.4% (Cost $2,570,195,526) | 4,630,422,841 |
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (63,390,851) |
NET ASSETS - 100.0% | 4,567,031,990 |
(a) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $6,093,782 or 0.1% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | 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. |
(e) | Investment made with cash collateral received from securities on loan. |
(f) | Equity security is subject to lock-up or market standoff agreement. Fair value is based on the unadjusted market price of the equivalent equity security. As of period end, the total fair value of unadjusted equity securities subject to contractual sale restrictions is $256,464 and all restrictions are set to expire on or before September 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 69,621,984 | 135,218,567 | 164,004,116 | 1,663,722 | - | (1) | 40,836,434 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 38,411,956 | 213,066,162 | 180,604,587 | 78,793 | - | - | 70,873,531 | 0.2% |
Total | 108,033,940 | 348,284,729 | 344,608,703 | 1,742,515 | - | (1) | 111,709,965 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 458,256,402 | 429,748,770 | 28,507,632 | - |
Consumer Discretionary | 162,767,929 | 162,767,929 | - | - |
Consumer Staples | 245,611,182 | 245,611,182 | - | - |
Energy | 445,578,852 | 445,241,466 | 337,386 | - |
Financials | 793,356,912 | 793,356,912 | - | - |
Health Care | 560,063,883 | 560,063,883 | - | - |
Industrials | 720,479,555 | 717,832,506 | 2,647,049 | - |
Information Technology | 950,141,915 | 950,141,915 | - | - |
Materials | 97,961,401 | 97,961,401 | - | - |
Real Estate | 42,893,407 | 42,893,407 | - | - |
Utilities | 41,601,438 | 41,601,438 | - | - |
Money Market Funds | 111,709,965 | 111,709,965 | - | - |
Total Investments in Securities: | 4,630,422,841 | 4,598,930,774 | 31,492,067 | - |
Statement of Assets and Liabilities | ||||
March 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $68,791,756) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,458,485,561) | $ | 4,518,712,876 | ||
Fidelity Central Funds (cost $111,709,965) | 111,709,965 | |||
Total Investment in Securities (cost $2,570,195,526) | $ | 4,630,422,841 | ||
Cash | 1,277,445 | |||
Foreign currency held at value (cost $380) | 380 | |||
Receivable for investments sold | 11,102,798 | |||
Receivable for fund shares sold | 110,343 | |||
Dividends receivable | 4,461,153 | |||
Distributions receivable from Fidelity Central Funds | 300,022 | |||
Prepaid expenses | 1,969 | |||
Other receivables | 321,536 | |||
Total assets | 4,647,998,487 | |||
Liabilities | ||||
Payable for investments purchased | $ | 6,385,326 | ||
Payable for fund shares redeemed | 1,354,931 | |||
Accrued management fee | 1,968,262 | |||
Distribution and service plan fees payable | 149,831 | |||
Other payables and accrued expenses | 225,747 | |||
Collateral on securities loaned | 70,882,400 | |||
Total liabilities | 80,966,497 | |||
Net Assets | $ | 4,567,031,990 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,331,407,966 | ||
Total accumulated earnings (loss) | 2,235,624,024 | |||
Net Assets | $ | 4,567,031,990 | ||
Net Asset Value and Maximum Offering Price | ||||
Class O : | ||||
Net Asset Value, offering price and redemption price per share ($3,804,314,546 ÷ 165,088,293 shares) | $ | 23.04 | ||
Class A : | ||||
Net Asset Value and redemption price per share ($709,610,012 ÷ 32,428,281 shares)(a) | $ | 21.88 | ||
Maximum offering price per share (100/94.25 of $21.88) | $ | 23.21 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,560,587 ÷ 216,761 shares)(a) | $ | 21.04 | ||
Maximum offering price per share (100/96.50 of $21.04) | $ | 21.80 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,238,517 ÷ 212,731 shares)(a) | $ | 19.92 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($44,308,328 ÷ 1,913,473 shares) | $ | 23.16 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended March 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 33,792,287 | ||
Income from Fidelity Central Funds (including $78,793 from security lending) | 1,742,515 | |||
Total income | 35,534,802 | |||
Expenses | ||||
Management fee | $ | 10,721,205 | ||
Transfer agent fees | 888,874 | |||
Distribution and service plan fees | 819,844 | |||
Accounting fees | 392,164 | |||
Custodian fees and expenses | 171,831 | |||
Independent trustees' fees and expenses | 10,036 | |||
Registration fees | 36,032 | |||
Audit | 37,814 | |||
Legal | 4,990 | |||
Miscellaneous | 9,255 | |||
Total expenses before reductions | 13,092,045 | |||
Expense reductions | (1,007,517) | |||
Total expenses after reductions | 12,084,528 | |||
Net Investment income (loss) | 23,450,274 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 192,844,930 | |||
Foreign currency transactions | (14,455) | |||
Total net realized gain (loss) | 192,830,475 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 660,452,536 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 12,196 | |||
Total change in net unrealized appreciation (depreciation) | 660,464,731 | |||
Net gain (loss) | 853,295,206 | |||
Net increase (decrease) in net assets resulting from operations | $ | 876,745,480 |
Statement of Changes in Net Assets | ||||
Six months ended March 31, 2024 (Unaudited) | Year ended September 30, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 23,450,274 | $ | 49,088,816 |
Net realized gain (loss) | 192,830,475 | 118,943,352 | ||
Change in net unrealized appreciation (depreciation) | 660,464,731 | 681,692,186 | ||
Net increase (decrease) in net assets resulting from operations | 876,745,480 | 849,724,354 | ||
Distributions to shareholders | (174,267,452) | (187,739,920) | ||
Share transactions - net increase (decrease) | 49,845,178 | (10,409,694) | ||
Total increase (decrease) in net assets | 752,323,206 | 651,574,740 | ||
Net Assets | ||||
Beginning of period | 3,814,708,784 | 3,163,134,044 | ||
End of period | $ | 4,567,031,990 | $ | 3,814,708,784 |
Fidelity Advisor® Capital Development Fund Class O |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.50 | $ | 16.18 | $ | 19.65 | $ | 14.71 | $ | 15.41 | $ | 17.96 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .26 | .25 | .37 C | .29 | .31 | ||||||
Net realized and unrealized gain (loss) | 4.32 | 4.04 | (2.60) | 5.32 | .21 | (.79) D | ||||||
Total from investment operations | 4.44 | 4.30 | (2.35) | 5.69 | .50 | (.48) | ||||||
Distributions from net investment income | (.26) | (.26) | (.38) | (.28) | (.31) | (.28) | ||||||
Distributions from net realized gain | (.64) | (.71) | (.73) | (.47) | (.88) | (1.80) | ||||||
Total distributions | (.90) | (.98) E | (1.12) E | (.75) | (1.20) E | (2.07) E | ||||||
Net asset value, end of period | $ | 23.04 | $ | 19.50 | $ | 16.18 | $ | 19.65 | $ | 14.71 | $ | 15.41 |
Total Return F,G | 23.39 % | 27.44% | (12.87)% | 39.61% | 2.62% | (1.43)% D,H | ||||||
Ratios to Average Net Assets A,I,J | ||||||||||||
Expenses before reductions | .59% K | .68% | .68% | .70% | .72% | .70% | ||||||
Expenses net of fee waivers, if any | .54 % K | .55% | .56% | .56% | .57% | .58% | ||||||
Expenses net of all reductions | .54% K | .55% | .56% | .56% | .57% | .57% | ||||||
Net investment income (loss) | 1.19% K | 1.37% | 1.31% | 2.03% C | 1.95% | 2.07% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,804,315 | $ | 3,183,538 | $ | 2,660,011 | $ | 3,567,329 | $ | 2,663,852 | $ | 2,611,342 |
Portfolio turnover rate L | 20 % K | 12% | 11% | 16% | 26% | 38% |
Fidelity Advisor® Capital Development Fund Class A |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 18.54 | $ | 15.42 | $ | 18.78 | $ | 14.09 | $ | 14.80 | $ | 17.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .19 | .19 | .31 C | .24 | .26 | ||||||
Net realized and unrealized gain (loss) | 4.10 | 3.86 | (2.49) | 5.09 | .20 | (.77) D | ||||||
Total from investment operations | 4.19 | 4.05 | (2.30) | 5.40 | .44 | (.51) | ||||||
Distributions from net investment income | (.21) | (.21) | (.33) | (.24) | (.27) | (.23) | ||||||
Distributions from net realized gain | (.64) | (.71) | (.73) | (.47) | (.88) | (1.80) | ||||||
Total distributions | (.85) | (.93) E | (1.06) | (.71) | (1.15) | (2.03) | ||||||
Net asset value, end of period | $ | 21.88 | $ | 18.54 | $ | 15.42 | $ | 18.78 | $ | 14.09 | $ | 14.80 |
Total Return F,G,H | 23.19 % | 27.10% | (13.15)% | 39.21% | 2.37% | (1.76)% D,I | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | .88% L | .96% | .96% | .97% | 1.00% | 1.00% | ||||||
Expenses net of fee waivers, if any | .83 % L | .84% | .85% | .85% | .86% | .87% | ||||||
Expenses net of all reductions | .83% L | .84% | .85% | .85% | .86% | .86% | ||||||
Net investment income (loss) | .90% L | 1.08% | 1.01% | 1.74% C | 1.66% | 1.78% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 709,610 | $ | 584,349 | $ | 467,810 | $ | 552,638 | $ | 425,890 | $ | 433,610 |
Portfolio turnover rate M | 20 % L | 12% | 11% | 16% | 26% | 38% |
Fidelity Advisor® Capital Development Fund Class M |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.82 | $ | 14.85 | $ | 18.12 | $ | 13.61 | $ | 14.34 | $ | 16.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .11 | .10 | .21 C | .16 | .18 | ||||||
Net realized and unrealized gain (loss) | 3.94 | 3.71 | (2.39) | 4.93 | .18 | (.75) D | ||||||
Total from investment operations | 3.99 | 3.82 | (2.29) | 5.14 | .34 | (.57) | ||||||
Distributions from net investment income | (.13) | (.14) | (.24) | (.17) | (.19) | (.14) | ||||||
Distributions from net realized gain | (.64) | (.71) | (.73) | (.47) | (.88) | (1.80) | ||||||
Total distributions | (.77) | (.85) | (.98) E | (.63) E | (1.07) | (1.94) | ||||||
Net asset value, end of period | $ | 21.04 | $ | 17.82 | $ | 14.85 | $ | 18.12 | $ | 13.61 | $ | 14.34 |
Total Return F,G,H | 22.96 % | 26.51% | (13.54)% | 38.61% | 1.76% | (2.27)% D | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.26% K | 1.31% | 1.32% | 1.33% | 1.37% | 1.40% | ||||||
Expenses net of fee waivers, if any | 1.25 % K | 1.30% | 1.32% | 1.33% | 1.37% | 1.40% | ||||||
Expenses net of all reductions | 1.24% K | 1.29% | 1.32% | 1.33% | 1.36% | 1.40% | ||||||
Net investment income (loss) | .49% K | .64% | .54% | 1.25% C | 1.16% | 1.24% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,561 | $ | 3,965 | $ | 3,152 | $ | 3,476 | $ | 2,468 | $ | 3,294 |
Portfolio turnover rate L | 20 % K | 12% | 11% | 16% | 26% | 38% |
Fidelity Advisor® Capital Development Fund Class C |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.87 | $ | 14.10 | $ | 17.28 | $ | 12.99 | $ | 13.73 | $ | 16.23 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | .02 | .01 | .13 D | .09 | .11 | ||||||
Net realized and unrealized gain (loss) | 3.74 | 3.53 | (2.27) | 4.70 | .19 | (.73) E | ||||||
Total from investment operations | 3.74 | 3.55 | (2.26) | 4.83 | .28 | (.62) | ||||||
Distributions from net investment income | (.05) | (.06) | (.19) | (.07) | (.14) | (.09) | ||||||
Distributions from net realized gain | (.64) | (.71) | (.73) | (.47) | (.88) | (1.80) | ||||||
Total distributions | (.69) | (.78) F | (.92) | (.54) | (1.02) | (1.88) F | ||||||
Net asset value, end of period | $ | 19.92 | $ | 16.87 | $ | 14.10 | $ | 17.28 | $ | 12.99 | $ | 13.73 |
Total Return G,H,I | 22.68 % | 25.89% | (13.95)% | 37.89% | 1.39% | (2.72)% E | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | 1.75% L | 1.78% | 1.78% | 1.80% | 1.83% | 1.83% | ||||||
Expenses net of fee waivers, if any | 1.73 % L | 1.77% | 1.78% | 1.80% | 1.83% | 1.83% | ||||||
Expenses net of all reductions | 1.73% L | 1.77% | 1.78% | 1.80% | 1.82% | 1.82% | ||||||
Net investment income (loss) | -% L,M | .15% | .08% | .79% D | .70% | .82% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,239 | $ | 3,662 | $ | 2,807 | $ | 2,607 | $ | 1,956 | $ | 3,247 |
Portfolio turnover rate N | 20 % L | 12% | 11% | 16% | 26% | 38% |
Fidelity Advisor® Capital Development Fund Class I |
Six months ended (Unaudited) March 31, 2024 | Years ended September 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.58 | $ | 16.24 | $ | 19.73 | $ | 14.77 | $ | 15.46 | $ | 18.03 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .23 | .22 | .35 C | .27 | .29 | ||||||
Net realized and unrealized gain (loss) | 4.34 | 4.06 | (2.62) | 5.34 | .22 | (.81) D | ||||||
Total from investment operations | 4.45 | 4.29 | (2.40) | 5.69 | .49 | (.52) | ||||||
Distributions from net investment income | (.23) | (.23) | (.36) | (.26) | (.29) | (.26) | ||||||
Distributions from net realized gain | (.64) | (.71) | (.73) | (.47) | (.88) | (1.80) | ||||||
Total distributions | (.87) | (.95) E | (1.09) | (.73) | (1.18) E | (2.05) E | ||||||
Net asset value, end of period | $ | 23.16 | $ | 19.58 | $ | 16.24 | $ | 19.73 | $ | 14.77 | $ | 15.46 |
Total Return F,G | 23.32 % | 27.23% | (13.03)% | 39.40% | 2.54% | (1.68)% D | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .72% J | .72% | .72% | .71% | .72% | .73% | ||||||
Expenses net of fee waivers, if any | .71 % J | .72% | .72% | .71% | .72% | .73% | ||||||
Expenses net of all reductions | .71% J | .72% | .72% | .71% | .71% | .73% | ||||||
Net investment income (loss) | 1.03% J | 1.21% | 1.15% | 1.87% C | 1.81% | 1.91% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 44,308 | $ | 39,194 | $ | 29,353 | $ | 39,639 | $ | 11,438 | $ | 12,138 |
Portfolio turnover rate K | 20 % J | 12% | 11% | 16% | 26% | 38% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
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% |
Fidelity Advisor Capital Development Fund | $16,119 |
Gross unrealized appreciation | $2,138,415,718 |
Gross unrealized depreciation | (82,411,597) |
Net unrealized appreciation (depreciation) | $2,056,004,121 |
Tax cost | $2,574,418,720 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Capital Development Fund | 395,487,634 | 466,565,428 |
Maximum Management Fee Rate % | |
Class O | .52 |
Class A | .56 |
Class M | .72 |
Class C | .72 |
Class I | .68 |
Total Management Fee Rate % | |
Class O | .52 |
Class A | .56 |
Class M | .68 |
Class C | .68 |
Class I | .68 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | -% | .25% | 790,473 | 5,452 |
Class M | .25% | .25% | 10,414 | - |
Class C | .75% | .25% | 18,957 | 2,403 |
819,844 | 7,855 |
Retained by FDC ($) | |
Class A | 24,814 |
Class M | 382 |
Class CA | 20 |
25,216 |
% of Class-Level Average Net Assets | |
Class O | 0.0000 |
Class A | 0.0400 |
Class M | 0.2000 |
Class C | 0.2000 |
Class I | 0.1624 |
Amount ($) | % of Class-Level Average Net Assets | |
Class O | 643,415 | .05 |
Class A | 210,369 | .08 |
Class M | 3,682 | .22 |
Class C | 3,066 | .20 |
Class I | 28,342 | .16 |
888,874 |
% of Average Net Assets | |
Fidelity Advisor Capital Development Fund | 0.0231 |
% of Average Net Assets | |
Fidelity Advisor Capital Development Fund | .02 |
Amount ($) | |
Fidelity Advisor Capital Development Fund | 4,965 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Capital Development Fund | 30,500,108 | 22,887,223 | 6,883,988 |
Amount ($) | |
Fidelity Advisor Capital Development Fund | 5,309 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Capital Development Fund | 8,738 | 58 | - |
Transfer Agent Fees Limitation | Waiver ($) | |
Class O | .00% | 642,599 |
Class A | .04% | 106,686 |
Expense reduction ($) | |
Class M | 46 |
Six months ended March 31, 2024 | Year ended September 30, 2023 | |
Fidelity Advisor Capital Development Fund | ||
Distributions to shareholders | ||
Class O | $145,631,990 | $157,550,598 |
Class A | 26,586,230 | 28,132,043 |
Class M | 167,447 | 178,543 |
Class C | 140,619 | 155,227 |
Class I | 1,741,166 | 1,723,509 |
Total | $ 174,267,452 | $ 187,739,920 |
Shares | Shares | Dollars | Dollars | |
Six months ended March 31, 2024 | Year ended September 30, 2023 | Six months ended March 31, 2024 | Year ended September 30, 2023 | |
Fidelity Advisor Capital Development Fund | ||||
Class O | ||||
Shares sold | 724,987 | 1,394,169 | $14,772,212 | $26,041,932 |
Reinvestment of distributions | 6,888,734 | 8,928,558 | 140,116,913 | 152,142,622 |
Shares redeemed | (5,776,740) | (11,499,950) | (119,878,516) | (211,065,655) |
Net increase (decrease) | 1,836,981 | (1,177,223) | $35,010,609 | $(32,881,101) |
Class A | ||||
Shares sold | 657,516 | 1,510,371 | $12,903,389 | $26,993,379 |
Reinvestment of distributions | 1,365,110 | 1,722,233 | 26,401,207 | 27,951,846 |
Shares redeemed | (1,117,968) | (2,050,894) | (22,102,569) | (36,458,279) |
Net increase (decrease) | 904,658 | 1,181,710 | $17,202,027 | $18,486,946 |
Class M | ||||
Shares sold | 10,248 | 18,498 | $190,005 | $324,912 |
Reinvestment of distributions | 8,998 | 11,401 | 167,446 | 178,543 |
Shares redeemed | (25,018) | (19,700) | (470,147) | (341,738) |
Net increase (decrease) | (5,772) | 10,199 | $(112,696) | $161,717 |
Class C | ||||
Shares sold | 24,804 | 78,989 | $454,540 | $1,294,892 |
Reinvestment of distributions | 7,642 | 10,125 | 134,884 | 150,667 |
Shares redeemed | (36,754) | (71,176) | (656,441) | (1,166,413) |
Net increase (decrease) | (4,308) | 17,938 | $(67,017) | $279,146 |
Class I | ||||
Shares sold | 182,004 | 508,367 | $3,808,908 | $9,591,290 |
Reinvestment of distributions | 77,648 | 89,390 | 1,587,895 | 1,531,242 |
Shares redeemed | (348,064) | (403,840) | (7,584,548) | (7,578,934) |
Net increase (decrease) | (88,412) | 193,917 | $(2,187,745) | $3,543,598 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (October 1, 2023 to March 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value October 1, 2023 | Ending Account Value March 31, 2024 | Expenses Paid During Period- C October 1, 2023 to March 31, 2024 | |||||||
Fidelity Advisor® Capital Development Fund | ||||||||||
Class O | .54% | |||||||||
Actual | $ 1,000 | $ 1,233.90 | $ 3.02 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.30 | $ 2.73 | |||||||
Class A | .83% | |||||||||
Actual | $ 1,000 | $ 1,231.90 | $ 4.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.85 | $ 4.19 | |||||||
Class M ** | 1.25% | |||||||||
Actual | $ 1,000 | $ 1,229.60 | $ 6.97 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.75 | $ 6.31 | |||||||
Class C | 1.73% | |||||||||
Actual | $ 1,000 | $ 1,226.80 | $ 9.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.35 | $ 8.72 | |||||||
Class I | .71% | |||||||||
Actual | $ 1,000 | $ 1,233.20 | $ 3.96 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.45 | $ 3.59 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity Advisor® Capital Development Fund | ||||||
Class M | 1.18% | |||||
Actual | $ 6.58 | |||||
Hypothetical- B | $ 5.96 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- 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 Destiny Portfolios’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 Destiny Portfolios’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 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
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 Destiny Portfolios
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | May 22, 2024 |
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/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | May 22, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | May 22, 2024 |