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 811-00215
Fidelity Hastings Street Trust
(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: | June 30 |
Date of reporting period: | December 31, 2023 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 9.2 | |
Exxon Mobil Corp. | 6.2 | |
Wells Fargo & Co. | 4.9 | |
General Electric Co. | 4.7 | |
Apple, Inc. | 3.6 | |
Bank of America Corp. | 3.2 | |
The Boeing Co. | 2.8 | |
Meta Platforms, Inc. Class A | 2.4 | |
Alphabet, Inc. Class A | 2.3 | |
Alphabet, Inc. Class C | 2.2 | |
41.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 21.0 | |
Financials | 15.9 | |
Industrials | 11.4 | |
Energy | 9.3 | |
Health Care | 9.3 | |
Communication Services | 9.0 | |
Consumer Staples | 5.4 | |
Consumer Discretionary | 3.6 | |
Materials | 2.1 | |
Real Estate | 0.9 | |
Utilities | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Written Options - (0.0)% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Common Stocks - 88.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 9.0% | |||
Entertainment - 1.1% | |||
The Walt Disney Co. | 119,199 | 10,762,478 | |
Universal Music Group NV | 470,999 | 13,445,670 | |
24,208,148 | |||
Interactive Media & Services - 6.9% | |||
Alphabet, Inc.: | |||
Class A (a) | 381,400 | 53,277,766 | |
Class C (a) | 359,900 | 50,720,707 | |
Meta Platforms, Inc. Class A (a) | 150,600 | 53,306,376 | |
157,304,849 | |||
Media - 1.0% | |||
Charter Communications, Inc. Class A (a) | 3,400 | 1,321,512 | |
Comcast Corp. Class A | 521,697 | 22,876,413 | |
24,197,925 | |||
TOTAL COMMUNICATION SERVICES | 205,710,922 | ||
CONSUMER DISCRETIONARY - 3.6% | |||
Broadline Retail - 0.2% | |||
Amazon.com, Inc. (a) | 25,400 | 3,859,276 | |
Hotels, Restaurants & Leisure - 1.9% | |||
Booking Holdings, Inc. (a) | 9,648 | 34,223,579 | |
Marriott International, Inc. Class A | 25,500 | 5,750,505 | |
Starbucks Corp. | 32,500 | 3,120,325 | |
43,094,409 | |||
Household Durables - 0.5% | |||
Sony Group Corp. sponsored ADR | 111,800 | 10,586,342 | |
Specialty Retail - 0.8% | |||
Lowe's Companies, Inc. | 86,811 | 19,319,788 | |
Textiles, Apparel & Luxury Goods - 0.2% | |||
Compagnie Financiere Richemont SA Series A | 14,330 | 1,979,319 | |
NIKE, Inc. Class B | 25,400 | 2,757,678 | |
4,736,997 | |||
TOTAL CONSUMER DISCRETIONARY | 81,596,812 | ||
CONSUMER STAPLES - 5.4% | |||
Beverages - 1.9% | |||
Diageo PLC | 481,562 | 17,478,378 | |
Keurig Dr. Pepper, Inc. | 312,600 | 10,415,832 | |
The Coca-Cola Co. | 268,400 | 15,816,812 | |
43,711,022 | |||
Consumer Staples Distribution & Retail - 1.4% | |||
Costco Wholesale Corp. | 1,300 | 858,104 | |
Sysco Corp. | 131,699 | 9,631,148 | |
Target Corp. | 56,710 | 8,076,638 | |
Walmart, Inc. | 91,500 | 14,424,975 | |
32,990,865 | |||
Food Products - 0.1% | |||
Mondelez International, Inc. | 25,900 | 1,875,937 | |
Household Products - 0.1% | |||
Procter & Gamble Co. | 16,310 | 2,390,067 | |
Personal Care Products - 1.6% | |||
Estee Lauder Companies, Inc. Class A | 51,100 | 7,473,375 | |
Haleon PLC ADR | 1,333,133 | 10,971,685 | |
Kenvue, Inc. | 880,857 | 18,964,851 | |
37,409,911 | |||
Tobacco - 0.3% | |||
Altria Group, Inc. | 39,690 | 1,601,095 | |
Philip Morris International, Inc. | 49,400 | 4,647,552 | |
6,248,647 | |||
TOTAL CONSUMER STAPLES | 124,626,449 | ||
ENERGY - 9.3% | |||
Oil, Gas & Consumable Fuels - 9.3% | |||
Exxon Mobil Corp. | 1,414,887 | 141,460,402 | |
Hess Corp. | 166,316 | 23,976,115 | |
Imperial Oil Ltd. | 365,500 | 20,820,301 | |
Shell PLC ADR | 416,510 | 27,406,358 | |
213,663,176 | |||
FINANCIALS - 15.9% | |||
Banks - 12.0% | |||
Bank of America Corp. | 2,149,251 | 72,365,281 | |
JPMorgan Chase & Co. | 279,930 | 47,616,093 | |
PNC Financial Services Group, Inc. | 138,531 | 21,451,525 | |
Truist Financial Corp. | 37,600 | 1,388,192 | |
U.S. Bancorp | 419,612 | 18,160,807 | |
Wells Fargo & Co. | 2,295,536 | 112,986,282 | |
273,968,180 | |||
Capital Markets - 0.2% | |||
Charles Schwab Corp. | 70,000 | 4,816,000 | |
Consumer Finance - 0.1% | |||
American Express Co. | 13,500 | 2,529,090 | |
Financial Services - 3.6% | |||
Berkshire Hathaway, Inc. Class B (a) | 49,500 | 17,654,670 | |
Fidelity National Information Services, Inc. | 50,200 | 3,015,514 | |
Fiserv, Inc. (a) | 24,800 | 3,294,432 | |
MasterCard, Inc. Class A | 29,852 | 12,732,177 | |
PayPal Holdings, Inc. (a) | 56,100 | 3,445,101 | |
Visa, Inc. Class A | 158,688 | 41,314,421 | |
81,456,315 | |||
TOTAL FINANCIALS | 362,769,585 | ||
HEALTH CARE - 9.3% | |||
Health Care Equipment & Supplies - 1.9% | |||
Abbott Laboratories | 69,200 | 7,616,844 | |
Boston Scientific Corp. (a) | 519,119 | 30,010,269 | |
Koninklijke Philips Electronics NV (depository receipt) (NY Reg.) (b) | 147,314 | 3,436,836 | |
Medtronic PLC | 26,896 | 2,215,692 | |
43,279,641 | |||
Health Care Providers & Services - 3.3% | |||
Cigna Group | 69,162 | 20,710,561 | |
Humana, Inc. | 7,900 | 3,616,699 | |
UnitedHealth Group, Inc. | 96,203 | 50,647,993 | |
74,975,253 | |||
Life Sciences Tools & Services - 0.9% | |||
Danaher Corp. | 77,410 | 17,908,029 | |
Thermo Fisher Scientific, Inc. | 6,900 | 3,662,451 | |
21,570,480 | |||
Pharmaceuticals - 3.2% | |||
Bristol-Myers Squibb Co. | 328,899 | 16,875,808 | |
Eli Lilly & Co. | 40,700 | 23,724,844 | |
GSK PLC sponsored ADR | 299,366 | 11,094,504 | |
Johnson & Johnson | 108,714 | 17,039,832 | |
Sanofi SA sponsored ADR | 80,073 | 3,982,030 | |
72,717,018 | |||
TOTAL HEALTH CARE | 212,542,392 | ||
INDUSTRIALS - 11.4% | |||
Aerospace & Defense - 4.2% | |||
Airbus Group NV | 129,300 | 19,975,349 | |
RTX Corp. (c) | 127,830 | 10,755,616 | |
The Boeing Co. (a) | 250,400 | 65,269,264 | |
96,000,229 | |||
Air Freight & Logistics - 1.1% | |||
FedEx Corp. | 6,300 | 1,593,711 | |
United Parcel Service, Inc. Class B | 153,579 | 24,147,226 | |
25,740,937 | |||
Commercial Services & Supplies - 0.1% | |||
GFL Environmental, Inc. | 5,700 | 196,632 | |
Veralto Corp. | 20,303 | 1,670,125 | |
1,866,757 | |||
Electrical Equipment - 0.3% | |||
Rockwell Automation, Inc. | 18,400 | 5,712,832 | |
Industrial Conglomerates - 4.7% | |||
General Electric Co. | 848,994 | 108,357,104 | |
Machinery - 1.0% | |||
Caterpillar, Inc. | 50,600 | 14,960,902 | |
Deere & Co. | 17,780 | 7,109,689 | |
22,070,591 | |||
TOTAL INDUSTRIALS | 259,748,450 | ||
INFORMATION TECHNOLOGY - 21.0% | |||
IT Services - 0.1% | |||
Kyndryl Holdings, Inc. (a) | 220 | 4,572 | |
Snowflake, Inc. (a) | 1,000 | 199,000 | |
Twilio, Inc. Class A (a) | 25,300 | 1,919,511 | |
2,123,083 | |||
Semiconductors & Semiconductor Equipment - 5.8% | |||
Analog Devices, Inc. | 9,100 | 1,806,896 | |
Applied Materials, Inc. | 147,474 | 23,901,111 | |
ASML Holding NV (depository receipt) | 5,536 | 4,190,309 | |
Broadcom, Inc. | 9,200 | 10,269,500 | |
Lam Research Corp. | 20,800 | 16,291,808 | |
Marvell Technology, Inc. | 117,665 | 7,096,376 | |
NVIDIA Corp. | 88,600 | 43,876,492 | |
Qualcomm, Inc. | 67,616 | 9,779,302 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 135,300 | 14,071,200 | |
131,282,994 | |||
Software - 11.5% | |||
Adobe, Inc. (a) | 35,710 | 21,304,586 | |
Autodesk, Inc. (a) | 7,800 | 1,899,144 | |
Intuit, Inc. | 10,100 | 6,312,803 | |
Microsoft Corp. | 559,076 | 210,234,940 | |
Oracle Corp. | 39,100 | 4,122,313 | |
Salesforce, Inc. (a) | 19,300 | 5,078,602 | |
SAP SE sponsored ADR | 91,300 | 14,114,067 | |
263,066,455 | |||
Technology Hardware, Storage & Peripherals - 3.6% | |||
Apple, Inc. | 431,942 | 83,161,793 | |
TOTAL INFORMATION TECHNOLOGY | 479,634,325 | ||
MATERIALS - 2.1% | |||
Chemicals - 0.6% | |||
Air Products & Chemicals, Inc. | 8,900 | 2,436,820 | |
DuPont de Nemours, Inc. | 114,818 | 8,832,949 | |
Linde PLC | 5,000 | 2,053,550 | |
13,323,319 | |||
Metals & Mining - 1.5% | |||
Freeport-McMoRan, Inc. | 793,500 | 33,779,295 | |
TOTAL MATERIALS | 47,102,614 | ||
REAL ESTATE - 0.9% | |||
Equity Real Estate Investment Trusts (REITs) - 0.9% | |||
American Tower Corp. | 30,210 | 6,521,735 | |
Crown Castle International Corp. | 58,900 | 6,784,691 | |
Simon Property Group, Inc. | 47,400 | 6,761,136 | |
20,067,562 | |||
UTILITIES - 0.8% | |||
Electric Utilities - 0.8% | |||
Duke Energy Corp. | 4,200 | 407,568 | |
NextEra Energy, Inc. | 7,400 | 449,476 | |
Southern Co. | 253,700 | 17,789,444 | |
18,646,488 | |||
TOTAL COMMON STOCKS (Cost $1,242,856,267) | 2,026,108,775 | ||
Money Market Funds - 7.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) | 174,333,749 | 174,368,616 | |
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) | 2,666,133 | 2,666,400 | |
TOTAL MONEY MARKET FUNDS (Cost $177,035,016) | 177,035,016 | ||
TOTAL INVESTMENT IN SECURITIES - 96.5% (Cost $1,419,891,283) | 2,203,143,791 |
NET OTHER ASSETS (LIABILITIES) - 3.5% | 80,176,441 |
NET ASSETS - 100.0% | 2,283,320,232 |
Written Options | ||||||
Counterparty | Number of Contracts | Notional Amount ($) | Exercise Price ($) | Expiration Date | Value ($) | |
Call Options | ||||||
RTX Corp. | Chicago Board Options Exchange | 1,000 | 8,414,000 | 80.00 | 01/19/24 | (475,000) |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Security or a portion of the security is pledged as collateral for options written. At period end, the value of securities pledged amounted to $8,414,000. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.40% | 106,272,490 | 176,407,808 | 108,311,682 | 3,707,243 | - | - | 174,368,616 | 0.4% |
Fidelity Securities Lending Cash Central Fund 5.40% | - | 47,783,941 | 45,117,541 | 87,303 | - | - | 2,666,400 | 0.0% |
Total | 106,272,490 | 224,191,749 | 153,429,223 | 3,794,546 | - | - | 177,035,016 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 205,710,922 | 192,265,252 | 13,445,670 | - |
Consumer Discretionary | 81,596,812 | 79,617,493 | 1,979,319 | - |
Consumer Staples | 124,626,449 | 107,148,071 | 17,478,378 | - |
Energy | 213,663,176 | 213,663,176 | - | - |
Financials | 362,769,585 | 362,769,585 | - | - |
Health Care | 212,542,392 | 212,542,392 | - | - |
Industrials | 259,748,450 | 239,773,101 | 19,975,349 | - |
Information Technology | 479,634,325 | 479,634,325 | - | - |
Materials | 47,102,614 | 47,102,614 | - | - |
Real Estate | 20,067,562 | 20,067,562 | - | - |
Utilities | 18,646,488 | 18,646,488 | - | - |
Money Market Funds | 177,035,016 | 177,035,016 | - | - |
Total Investments in Securities: | 2,203,143,791 | 2,150,265,075 | 52,878,716 | - |
Derivative Instruments: Liabilities | ||||
Written Options | (475,000) | (475,000) | - | - |
Total Liabilities | (475,000) | (475,000) | - | - |
Total Derivative Instruments: | (475,000) | (475,000) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Written Options (a) | 0 | (475,000) |
Total Equity Risk | 0 | (475,000) |
Total Value of Derivatives | 0 | (475,000) |
Statement of Assets and Liabilities | ||||
December 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,591,963) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,242,856,267) | $ | 2,026,108,775 | ||
Fidelity Central Funds (cost $177,035,016) | 177,035,016 | |||
Total Investment in Securities (cost $1,419,891,283) | $ | 2,203,143,791 | ||
Foreign currency held at value (cost $2) | 2 | |||
Receivable for investments sold | 216,702 | |||
Receivable for fund shares sold | 88,725,795 | |||
Dividends receivable | 1,564,046 | |||
Distributions receivable from Fidelity Central Funds | 782,918 | |||
Prepaid expenses | 1,712 | |||
Other receivables | 7,062 | |||
Total assets | 2,294,442,028 | |||
Liabilities | ||||
Payable for investments purchased | $ | 5,756,855 | ||
Payable for fund shares redeemed | 1,057,672 | |||
Accrued management fee | 747,362 | |||
Distribution and service plan fees payable | 68,096 | |||
Written options, at value (premium received $165,075) | 475,000 | |||
Other affiliated payables | 304,680 | |||
Other payables and accrued expenses | 45,731 | |||
Collateral on securities loaned | 2,666,400 | |||
Total Liabilities | 11,121,796 | |||
Net Assets | $ | 2,283,320,232 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,508,220,740 | ||
Total accumulated earnings (loss) | 775,099,492 | |||
Net Assets | $ | 2,283,320,232 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($161,533,590 ÷ 7,850,490 shares)(a) | $ | 20.58 | ||
Maximum offering price per share (100/94.25 of $20.58) | $ | 21.84 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($32,815,269 ÷ 1,593,510 shares)(a) | $ | 20.59 | ||
Maximum offering price per share (100/96.50 of $20.59) | $ | 21.34 | ||
Class C : | ||||
Net Asset Value and offering price per share ($27,523,788 ÷ 1,368,989 shares)(a) | $ | 20.11 | ||
Mega Cap Stock : | ||||
Net Asset Value, offering price and redemption price per share ($1,500,674,691 ÷ 71,681,116 shares) | $ | 20.94 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($269,084,793 ÷ 12,837,322 shares) | $ | 20.96 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($291,688,101 ÷ 14,022,592 shares) | $ | 20.80 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended December 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 14,552,494 | ||
Income from Fidelity Central Funds (including $87,303 from security lending) | 3,794,546 | |||
Total Income | 18,347,040 | |||
Expenses | ||||
Management fee | $ | 4,008,909 | ||
Transfer agent fees | 1,412,573 | |||
Distribution and service plan fees | 378,232 | |||
Accounting fees | 256,915 | |||
Custodian fees and expenses | 14,600 | |||
Independent trustees' fees and expenses | 5,087 | |||
Registration fees | 92,377 | |||
Audit | 41,878 | |||
Legal | 5,025 | |||
Miscellaneous | 3,105 | |||
Total expenses before reductions | 6,218,701 | |||
Expense reductions | (65,324) | |||
Total expenses after reductions | 6,153,377 | |||
Net Investment income (loss) | 12,193,663 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 19,762,115 | |||
Foreign currency transactions | (2,477) | |||
Written options | 415,252 | |||
Total net realized gain (loss) | 20,174,890 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 145,755,997 | |||
Assets and liabilities in foreign currencies | 9,369 | |||
Written options | (210,619) | |||
Total change in net unrealized appreciation (depreciation) | 145,554,747 | |||
Net gain (loss) | 165,729,637 | |||
Net increase (decrease) in net assets resulting from operations | $ | 177,923,300 |
Statement of Changes in Net Assets | ||||
Six months ended December 31, 2023 (Unaudited) | Year ended June 30, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 12,193,663 | $ | 16,976,504 |
Net realized gain (loss) | 20,174,890 | 5,590,921 | ||
Change in net unrealized appreciation (depreciation) | 145,554,747 | 278,383,701 | ||
Net increase (decrease) in net assets resulting from operations | 177,923,300 | 300,951,126 | ||
Distributions to shareholders | (42,621,702) | (58,426,988) | ||
Share transactions - net increase (decrease) | 431,882,175 | 137,430,788 | ||
Total increase (decrease) in net assets | 567,183,773 | 379,954,926 | ||
Net Assets | ||||
Beginning of period | 1,716,136,459 | 1,336,181,533 | ||
End of period | $ | 2,283,320,232 | $ | 1,716,136,459 |
Fidelity Advisor® Mega Cap Stock Fund Class A |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.23 | $ | 16.14 | $ | 19.05 | $ | 13.83 | $ | 15.51 | $ | 17.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .17 | .14 | .15 | .22 | .29 | ||||||
Net realized and unrealized gain (loss) | 1.63 | 3.61 | (2.17) | 6.31 | .08 | .77 | ||||||
Total from investment operations | 1.73 | 3.78 | (2.03) | 6.46 | .30 | 1.06 | ||||||
Distributions from net investment income | (.17) | (.18) | (.29) | (.24) | (.27) | (.26) | ||||||
Distributions from net realized gain | (.21) | (.51) | (.59) | (1.00) | (1.70) | (2.63) | ||||||
Total distributions | (.38) | (.69) | (.88) | (1.24) | (1.98) C | (2.89) | ||||||
Net asset value, end of period | $ | 20.58 | $ | 19.23 | $ | 16.14 | $ | 19.05 | $ | 13.83 | $ | 15.51 |
Total Return D,E,F | 9.05% | 24.10% | (11.25)% G | 49.60% | 1.78% | 6.99% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .90% J | .90% | .90% | .91% | .93% | .93% | ||||||
Expenses net of fee waivers, if any | .89% J | .90% | .89% | .91% | .93% | .93% | ||||||
Expenses net of all reductions | .89% J | .90% | .89% | .91% | .92% | .93% | ||||||
Net investment income (loss) | 1.05% J | .99% | .78% | .95% | 1.56% | 1.88% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 161,534 | $ | 133,252 | $ | 88,064 | $ | 87,302 | $ | 54,948 | $ | 64,311 |
Portfolio turnover rate K | 7% J | 18% | 13% | 43% | 49% L | 36% |
Fidelity Advisor® Mega Cap Stock Fund Class M |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.22 | $ | 16.13 | $ | 19.03 | $ | 13.82 | $ | 15.50 | $ | 17.31 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .13 | .10 | .11 | .19 | .25 | ||||||
Net realized and unrealized gain (loss) | 1.62 | 3.61 | (2.17) | 6.31 | .06 | .78 | ||||||
Total from investment operations | 1.70 | 3.74 | (2.07) | 6.42 | .25 | 1.03 | ||||||
Distributions from net investment income | (.12) | (.13) | (.24) | (.20) | (.23) | (.21) | ||||||
Distributions from net realized gain | (.21) | (.51) | (.59) | (1.00) | (1.70) | (2.63) | ||||||
Total distributions | (.33) | (.65) C | (.83) | (1.21) C | (1.93) | (2.84) | ||||||
Net asset value, end of period | $ | 20.59 | $ | 19.22 | $ | 16.13 | $ | 19.03 | $ | 13.82 | $ | 15.50 |
Total Return D,E,F | 8.87% | 23.76% | (11.45)% G | 49.19% | 1.50% | 6.79% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.15% J | 1.16% | 1.15% | 1.17% | 1.18% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.14% J | 1.16% | 1.15% | 1.17% | 1.18% | 1.19% | ||||||
Expenses net of all reductions | 1.14% J | 1.16% | 1.15% | 1.16% | 1.18% | 1.18% | ||||||
Net investment income (loss) | .79% J | .73% | .52% | .69% | 1.31% | 1.63% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 32,815 | $ | 30,973 | $ | 25,617 | $ | 28,266 | $ | 21,208 | $ | 25,031 |
Portfolio turnover rate K | 7% J | 18% | 13% | 43% | 49% L | 36% |
Fidelity Advisor® Mega Cap Stock Fund Class C |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 18.74 | $ | 15.74 | $ | 18.58 | $ | 13.53 | $ | 15.20 | $ | 17.03 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .03 | - C | .03 | .11 | .17 | ||||||
Net realized and unrealized gain (loss) | 1.59 | 3.53 | (2.12) | 6.15 | .08 | .77 | ||||||
Total from investment operations | 1.62 | 3.56 | (2.12) | 6.18 | .19 | .94 | ||||||
Distributions from net investment income | (.04) | (.04) | (.15) | (.13) | (.15) | (.13) | ||||||
Distributions from net realized gain | (.21) | (.51) | (.58) | (1.00) | (1.70) | (2.63) | ||||||
Total distributions | (.25) | (.56) D | (.72) D | (1.13) | (1.86) D | (2.77) D | ||||||
Net asset value, end of period | $ | 20.11 | $ | 18.74 | $ | 15.74 | $ | 18.58 | $ | 13.53 | $ | 15.20 |
Total Return E,F,G | 8.64% | 23.12% | (11.90)% H | 48.31% | 1.05% | 6.23% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.67% K | 1.69% | 1.67% | 1.69% | 1.69% | 1.68% | ||||||
Expenses net of fee waivers, if any | 1.67% K | 1.68% | 1.67% | 1.69% | 1.69% | 1.67% | ||||||
Expenses net of all reductions | 1.67% K | 1.68% | 1.67% | 1.69% | 1.69% | 1.67% | ||||||
Net investment income (loss) | .27% K | .21% | -% L | .17% | .80% | 1.14% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 27,524 | $ | 23,061 | $ | 20,255 | $ | 27,727 | $ | 24,283 | $ | 28,459 |
Portfolio turnover rate M | 7% K | 18% | 13% | 43% | 49% N | 36% |
Fidelity® Mega Cap Stock Fund |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.58 | $ | 16.42 | $ | 19.36 | $ | 14.04 | $ | 15.71 | $ | 17.52 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .22 | .20 | .20 | .27 | .34 | ||||||
Net realized and unrealized gain (loss) | 1.66 | 3.68 | (2.21) | 6.40 | .07 | .78 | ||||||
Total from investment operations | 1.79 | 3.90 | (2.01) | 6.60 | .34 | 1.12 | ||||||
Distributions from net investment income | (.22) | (.23) | (.34) | (.28) | (.31) | (.30) | ||||||
Distributions from net realized gain | (.21) | (.51) | (.59) | (1.00) | (1.70) | (2.63) | ||||||
Total distributions | (.43) | (.74) | (.93) | (1.28) | (2.01) | (2.93) | ||||||
Net asset value, end of period | $ | 20.94 | $ | 19.58 | $ | 16.42 | $ | 19.36 | $ | 14.04 | $ | 15.71 |
Total Return C,D | 9.20% | 24.46% | (10.99)% E | 49.96% | 2.09% | 7.33% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .63% H | .63% | .61% | .63% | .65% | .65% | ||||||
Expenses net of fee waivers, if any | .62% H | .62% | .61% | .63% | .64% | .65% | ||||||
Expenses net of all reductions | .62% H | .62% | .61% | .63% | .64% | .65% | ||||||
Net investment income (loss) | 1.32% H | 1.27% | 1.06% | 1.23% | 1.84% | 2.16% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,500,675 | $ | 1,203,802 | $ | 927,217 | $ | 1,166,988 | $ | 773,080 | $ | 1,488,549 |
Portfolio turnover rate I | 7% H | 18% | 13% | 43% | 49% J | 36% |
Fidelity Advisor® Mega Cap Stock Fund Class I |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.61 | $ | 16.45 | $ | 19.39 | $ | 14.07 | $ | 15.72 | $ | 17.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .22 | .19 | .20 | .27 | .34 | ||||||
Net realized and unrealized gain (loss) | 1.66 | 3.68 | (2.21) | 6.42 | .06 | .79 | ||||||
Total from investment operations | 1.79 | 3.90 | (2.02) | 6.62 | .33 | 1.13 | ||||||
Distributions from net investment income | (.23) | (.23) | (.34) | (.29) | (.28) | (.30) | ||||||
Distributions from net realized gain | (.21) | (.51) | (.59) | (1.00) | (1.70) | (2.63) | ||||||
Total distributions | (.44) | (.74) | (.92) C | (1.30) C | (1.98) | (2.94) C | ||||||
Net asset value, end of period | $ | 20.96 | $ | 19.61 | $ | 16.45 | $ | 19.39 | $ | 14.07 | $ | 15.72 |
Total Return D,E | 9.17% | 24.43% | (11.00)% F | 49.97% | 2.04% | 7.33% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .63% I | .63% | .65% | .65% | .66% | .66% | ||||||
Expenses net of fee waivers, if any | .62% I | .62% | .64% | .65% | .66% | .66% | ||||||
Expenses net of all reductions | .62% I | .62% | .64% | .64% | .65% | .66% | ||||||
Net investment income (loss) | 1.31% I | 1.26% | 1.03% | 1.21% | 1.83% | 2.15% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 269,085 | $ | 132,416 | $ | 52,884 | $ | 39,876 | $ | 20,725 | $ | 147,465 |
Portfolio turnover rate J | 7% I | 18% | 13% | 43% | 49% K | 36% |
Fidelity Advisor® Mega Cap Stock Fund Class Z |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.46 | $ | 16.32 | $ | 19.25 | $ | 13.97 | $ | 15.65 | $ | 17.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .24 | .22 | .22 | .28 | .35 | ||||||
Net realized and unrealized gain (loss) | 1.65 | 3.66 | (2.20) | 6.36 | .08 | .79 | ||||||
Total from investment operations | 1.79 | 3.90 | (1.98) | 6.58 | .36 | 1.14 | ||||||
Distributions from net investment income | (.24) | (.25) | (.36) | (.30) | (.33) | (.32) | ||||||
Distributions from net realized gain | (.21) | (.51) | (.59) | (1.00) | (1.70) | (2.63) | ||||||
Total distributions | (.45) | (.76) | (.95) | (1.30) | (2.04) C | (2.95) | ||||||
Net asset value, end of period | $ | 20.80 | $ | 19.46 | $ | 16.32 | $ | 19.25 | $ | 13.97 | $ | 15.65 |
Total Return D,E | 9.26% | 24.62% | (10.92)% F | 50.14% | 2.18% | 7.47% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .51% I | .52% | .51% | .52% | .53% | .53% | ||||||
Expenses net of fee waivers, if any | .50% I | .52% | .51% | .52% | .52% | .53% | ||||||
Expenses net of all reductions | .50% I | .52% | .51% | .52% | .52% | .53% | ||||||
Net investment income (loss) | 1.43% I | 1.37% | 1.16% | 1.34% | 1.96% | 2.29% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 291,688 | $ | 192,632 | $ | 222,146 | $ | 313,854 | $ | 213,832 | $ | 193,889 |
Portfolio turnover rate J | 7% I | 18% | 13% | 43% | 49% K | 36% |
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% |
Gross unrealized appreciation | $801,034,306 |
Gross unrealized depreciation | (22,644,465) |
Net unrealized appreciation (depreciation) | $778,389,841 |
Tax cost | $1,424,444,025 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Mega Cap Stock Fund | 314,489,878 | 62,246,115 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $179,367 | $8,030 |
Class M | .25% | .25% | 78,012 | - |
Class C | .75% | .25% | 120,853 | 26,555 |
$378,232 | $34,585 |
Retained by FDC | |
Class A | $57,526 |
Class M | 1,735 |
Class CA | 79 |
$59,340 |
% of Class-Level Average Net Assets | |
Class A | .1754 |
Class M | .1820 |
Class C | .2000 |
Mega Cap Stock | .1549 |
Class I | .1557 |
Amount | % of Class-Level Average Net AssetsA | |
Class A | $127,273 | .18 |
Class M | 28,557 | .18 |
Class C | 24,887 | .21 |
Mega Cap Stock | 1,039,058 | .16 |
Class I | 149,717 | .16 |
Class Z | 43,081 | .04 |
$1,412,573 |
% of Average Net Assets | |
Fidelity Mega Cap Stock Fund | 0.0272 |
% of Average Net Assets | |
Fidelity Mega Cap Stock Fund | .03 |
Maximum Management Fee Rate % | |
Class A | .60 |
Class M | .60 |
Class C | .62 |
Mega Cap Stock | .57 |
Class I | .58 |
Class Z | .46 |
Amount | |
Fidelity Mega Cap Stock Fund | $ 3,081 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Mega Cap Stock Fund | 16,806,797 | 2,856,165 | 1,777,538 |
Amount | |
Fidelity Mega Cap Stock Fund | $1,390 |
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 Mega Cap Stock Fund | $8,901 | $- | $- |
Expense reduction | |
Class M | $53 |
Six months ended December 31, 2023 | Year ended June 30, 2023 | |
Fidelity Mega Cap Stock Fund | ||
Distributions to shareholders | ||
Class A | $ 2,880,657 | $3,853,966 |
Class M | 523,154 | 1,033,161 |
Class C | 330,364 | 718,884 |
Mega Cap Stock | 29,385,508 | 41,036,146 |
Class I | 4,587,110 | 2,435,167 |
Class Z | 4,914,909 | 9,349,664 |
Total | $42,621,702 | $58,426,988 |
Shares | Shares | Dollars | Dollars | |
Six months ended December 31, 2023 | Year ended June 30, 2023 | Six months ended December 31, 2023 | Year ended June 30, 2023 | |
Fidelity Mega Cap Stock Fund | ||||
Class A | ||||
Shares sold | 1,268,709 | 2,157,526 | $24,837,735 | $37,668,977 |
Reinvestment of distributions | 141,517 | 228,217 | 2,864,554 | 3,827,312 |
Shares redeemed | (489,579) | (912,758) | (9,549,403) | (15,785,502) |
Net increase (decrease) | 920,647 | 1,472,985 | $18,152,886 | $25,710,787 |
Class M | ||||
Shares sold | 70,706 | 239,387 | $1,382,535 | $4,183,606 |
Reinvestment of distributions | 25,773 | 61,536 | 522,636 | 1,032,772 |
Shares redeemed | (114,636) | (277,862) | (2,242,369) | (4,825,558) |
Net increase (decrease) | (18,157) | 23,061 | $(337,198) | $390,820 |
Class C | ||||
Shares sold | 333,811 | 328,805 | $6,376,550 | $5,600,248 |
Reinvestment of distributions | 16,553 | 43,647 | 329,385 | 716,292 |
Shares redeemed | (211,975) | (428,918) | (4,040,243) | (7,252,603) |
Net increase (decrease) | 138,389 | (56,466) | $2,665,692 | $(936,063) |
Mega Cap Stock | ||||
Shares sold | 15,419,971 | 14,800,679 | $307,803,102 | $269,976,937 |
Reinvestment of distributions | 1,300,230 | 2,240,783 | 26,741,325 | 38,208,143 |
Shares redeemed | (6,528,018) | (12,025,767) | (129,780,271) | (203,167,741) |
Net increase (decrease) | 10,192,183 | 5,015,695 | $204,764,156 | $105,017,339 |
Class I | ||||
Shares sold | 7,037,539 | 5,717,376 | $142,104,745 | $104,848,193 |
Reinvestment of distributions | 206,340 | 141,083 | 4,255,654 | 2,409,447 |
Shares redeemed | (1,159,451) | (2,320,856) | (23,473,528) | (41,167,093) |
Net increase (decrease) | 6,084,428 | 3,537,603 | $122,886,871 | $66,090,547 |
Class Z | ||||
Shares sold | 5,040,314 | 7,722,491 | $101,687,702 | $125,806,074 |
Reinvestment of distributions | 41,335 | 80,256 | 845,995 | 1,360,444 |
Shares redeemed | (956,120) | (11,514,787) | (18,783,929) | (186,009,160) |
Net increase (decrease) | 4,125,529 | (3,712,040) | $83,749,768 | $(58,842,642) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2023 to December 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2023 | Ending Account Value December 31, 2023 | Expenses Paid During Period- C July 1, 2023 to December 31, 2023 | |||||||
Fidelity® Mega Cap Stock Fund | ||||||||||
Class A | .89% | |||||||||
Actual | $ 1,000 | $ 1,090.50 | $ 4.68 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.66 | $ 4.52 | |||||||
Class M | 1.14% | |||||||||
Actual | $ 1,000 | $ 1,088.70 | $ 5.99 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.41 | $ 5.79 | |||||||
Class C | 1.67% | |||||||||
Actual | $ 1,000 | $ 1,086.40 | $ 8.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.74 | $ 8.47 | |||||||
Fidelity® Mega Cap Stock Fund ** | .62% | |||||||||
Actual | $ 1,000 | $ 1,092.00 | $ 3.26 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.02 | $ 3.15 | |||||||
Class I ** | .62% | |||||||||
Actual | $ 1,000 | $ 1,091.70 | $ 3.26 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.02 | $ 3.15 | |||||||
Class Z ** | .50% | |||||||||
Actual | $ 1,000 | $ 1,092.60 | $ 2.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.62 | $ 2.54 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Mega Cap Stock Fund | ||||||
Fidelity® Mega Cap Stock Fund | .58% | |||||
Actual | $ 3.05 | |||||
Hypothetical- B | $ 2.95 | |||||
Class I | .59% | |||||
Actual | $ 3.10 | |||||
Hypothetical- B | $ 3.00 | |||||
Class Z | .47% | |||||
Actual | $ 2.47 | |||||
Hypothetical- B | $ 2.39 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 7.9 | |
General Electric Co. | 6.4 | |
Exxon Mobil Corp. | 5.9 | |
Wells Fargo & Co. | 5.9 | |
Apple, Inc. | 3.0 | |
The Boeing Co. | 2.8 | |
Bank of America Corp. | 2.7 | |
Meta Platforms, Inc. Class A | 2.1 | |
Visa, Inc. Class A | 2.0 | |
UnitedHealth Group, Inc. | 1.9 | |
40.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 18.9 | |
Financials | 17.7 | |
Industrials | 15.8 | |
Health Care | 11.9 | |
Communication Services | 10.0 | |
Energy | 9.7 | |
Consumer Staples | 5.3 | |
Consumer Discretionary | 3.7 | |
Materials | 2.1 | |
Real Estate | 1.1 | |
Utilities | 1.0 | |
Asset Allocation (% of Fund's net assets) |
Common Stocks - 97.0% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 10.0% | |||
Diversified Telecommunication Services - 0.3% | |||
Cellnex Telecom SA (a) | 653,100 | 25,714,505 | |
Verizon Communications, Inc. | 710,633 | 26,790,864 | |
52,505,369 | |||
Entertainment - 0.9% | |||
The Walt Disney Co. | 731,793 | 66,073,590 | |
Universal Music Group NV | 2,865,781 | 81,809,827 | |
147,883,417 | |||
Interactive Media & Services - 6.4% | |||
Alphabet, Inc.: | |||
Class A (b) | 2,121,625 | 296,369,796 | |
Class C (b) | 1,962,460 | 276,569,488 | |
Match Group, Inc. (b) | 1,184,700 | 43,241,550 | |
Meta Platforms, Inc. Class A (b) | 963,600 | 341,075,856 | |
Snap, Inc. Class A (b) | 4,095,398 | 69,335,088 | |
1,026,591,778 | |||
Media - 2.4% | |||
Charter Communications, Inc. Class A (b) | 29,300 | 11,388,324 | |
Comcast Corp. Class A | 6,937,042 | 304,189,292 | |
Interpublic Group of Companies, Inc. | 1,866,870 | 60,934,637 | |
376,512,253 | |||
TOTAL COMMUNICATION SERVICES | 1,603,492,817 | ||
CONSUMER DISCRETIONARY - 3.7% | |||
Automobile Components - 0.1% | |||
BorgWarner, Inc. | 533,462 | 19,124,613 | |
Automobiles - 0.1% | |||
General Motors Co. | 297,400 | 10,682,608 | |
Broadline Retail - 0.1% | |||
Amazon.com, Inc. (b) | 140,900 | 21,408,346 | |
Hotels, Restaurants & Leisure - 2.0% | |||
Amadeus IT Holding SA Class A | 371,500 | 26,608,418 | |
Booking Holdings, Inc. (b) | 52,437 | 186,005,575 | |
Expedia, Inc. (b) | 233,500 | 35,442,965 | |
Marriott International, Inc. Class A | 234,900 | 52,972,299 | |
Starbucks Corp. | 212,500 | 20,402,125 | |
321,431,382 | |||
Household Durables - 0.4% | |||
Mohawk Industries, Inc. (b) | 314,489 | 32,549,612 | |
Sony Group Corp. sponsored ADR | 172,000 | 16,286,680 | |
Whirlpool Corp. | 67,663 | 8,239,324 | |
57,075,616 | |||
Specialty Retail - 0.9% | |||
Lowe's Companies, Inc. | 616,107 | 137,114,613 | |
RH (b) | 37,900 | 11,047,092 | |
148,161,705 | |||
Textiles, Apparel & Luxury Goods - 0.1% | |||
Compagnie Financiere Richemont SA Series A | 36,540 | 5,047,055 | |
NIKE, Inc. Class B | 163,300 | 17,729,481 | |
22,776,536 | |||
TOTAL CONSUMER DISCRETIONARY | 600,660,806 | ||
CONSUMER STAPLES - 5.3% | |||
Beverages - 1.6% | |||
Diageo PLC sponsored ADR | 372,200 | 54,214,652 | |
Keurig Dr. Pepper, Inc. | 2,089,600 | 69,625,472 | |
The Coca-Cola Co. | 2,204,695 | 129,922,676 | |
253,762,800 | |||
Consumer Staples Distribution & Retail - 1.6% | |||
Performance Food Group Co. (b) | 527,100 | 36,448,965 | |
Sysco Corp. | 1,118,300 | 81,781,279 | |
Target Corp. | 368,800 | 52,524,496 | |
U.S. Foods Holding Corp. (b) | 595,600 | 27,046,196 | |
Walmart, Inc. | 353,400 | 55,713,510 | |
253,514,446 | |||
Household Products - 0.0% | |||
Procter & Gamble Co. | 19,800 | 2,901,492 | |
Personal Care Products - 1.5% | |||
Estee Lauder Companies, Inc. Class A | 294,800 | 43,114,500 | |
Haleon PLC ADR | 11,135,436 | 91,644,638 | |
Kenvue, Inc. | 5,085,211 | 109,484,593 | |
244,243,731 | |||
Tobacco - 0.6% | |||
Altria Group, Inc. | 2,263,259 | 91,299,868 | |
Philip Morris International, Inc. | 146,900 | 13,820,352 | |
105,120,220 | |||
TOTAL CONSUMER STAPLES | 859,542,689 | ||
ENERGY - 9.7% | |||
Energy Equipment & Services - 0.1% | |||
Tidewater, Inc. (b) | 186,100 | 13,419,671 | |
Oil, Gas & Consumable Fuels - 9.6% | |||
Exxon Mobil Corp. | 9,489,143 | 948,724,517 | |
Hess Corp. | 1,612,872 | 232,511,628 | |
Imperial Oil Ltd. | 2,370,100 | 135,010,111 | |
Kosmos Energy Ltd. (b) | 11,626,455 | 78,013,513 | |
MEG Energy Corp. (b) | 2,723,600 | 48,652,966 | |
Shell PLC ADR | 1,462,600 | 96,239,080 | |
1,539,151,815 | |||
TOTAL ENERGY | 1,552,571,486 | ||
FINANCIALS - 17.7% | |||
Banks - 12.2% | |||
Bank of America Corp. | 12,879,294 | 433,645,829 | |
JPMorgan Chase & Co. | 1,132,171 | 192,582,287 | |
M&T Bank Corp. | 267,220 | 36,630,518 | |
PNC Financial Services Group, Inc. | 1,123,721 | 174,008,197 | |
Truist Financial Corp. | 1,392,623 | 51,415,641 | |
U.S. Bancorp | 2,989,419 | 129,382,054 | |
Wells Fargo & Co. | 19,021,137 | 936,220,363 | |
1,953,884,889 | |||
Capital Markets - 2.1% | |||
Charles Schwab Corp. | 158,800 | 10,925,440 | |
CME Group, Inc. | 19,900 | 4,190,940 | |
KKR & Co. LP | 1,500,451 | 124,312,365 | |
Moody's Corp. | 17,600 | 6,873,856 | |
Morgan Stanley | 455,924 | 42,514,913 | |
Northern Trust Corp. | 1,479,046 | 124,801,901 | |
Raymond James Financial, Inc. | 185,303 | 20,661,285 | |
State Street Corp. | 86,141 | 6,672,482 | |
340,953,182 | |||
Financial Services - 3.2% | |||
Edenred SA | 925,000 | 55,285,264 | |
Fidelity National Information Services, Inc. | 563,100 | 33,825,417 | |
Global Payments, Inc. | 120,200 | 15,265,400 | |
MasterCard, Inc. Class A | 152,889 | 65,208,687 | |
PayPal Holdings, Inc. (b) | 373,900 | 22,961,199 | |
Visa, Inc. Class A | 1,209,893 | 314,995,643 | |
507,541,610 | |||
Insurance - 0.2% | |||
Arthur J. Gallagher & Co. | 14,200 | 3,193,296 | |
Chubb Ltd. | 140,597 | 31,774,922 | |
34,968,218 | |||
TOTAL FINANCIALS | 2,837,347,899 | ||
HEALTH CARE - 11.9% | |||
Biotechnology - 0.6% | |||
Alnylam Pharmaceuticals, Inc. (b) | 169,950 | 32,530,130 | |
Argenx SE ADR (b) | 24,200 | 9,206,406 | |
Insmed, Inc. (b) | 691,829 | 21,439,781 | |
Vaxcyte, Inc. (b) | 407,400 | 25,584,720 | |
Verve Therapeutics, Inc. (b)(c) | 243,400 | 3,392,996 | |
92,154,033 | |||
Health Care Equipment & Supplies - 1.9% | |||
Abbott Laboratories | 99,100 | 10,907,937 | |
Becton, Dickinson & Co. | 144,706 | 35,283,664 | |
Boston Scientific Corp. (b) | 3,813,319 | 220,447,971 | |
GE Healthcare Holding LLC | 202,365 | 15,646,862 | |
Koninklijke Philips Electronics NV (depository receipt) (NY Reg.) (c) | 772,502 | 18,022,472 | |
300,308,906 | |||
Health Care Providers & Services - 5.5% | |||
Cardinal Health, Inc. | 925,558 | 93,296,246 | |
Centene Corp. (b) | 111,200 | 8,252,152 | |
Cigna Group | 664,711 | 199,047,709 | |
CVS Health Corp. | 1,127,252 | 89,007,818 | |
Guardant Health, Inc. (b) | 390,000 | 10,549,500 | |
Humana, Inc. | 52,000 | 23,806,120 | |
McKesson Corp. | 330,321 | 152,932,017 | |
UnitedHealth Group, Inc. | 584,881 | 307,922,300 | |
884,813,862 | |||
Life Sciences Tools & Services - 0.4% | |||
Danaher Corp. | 276,400 | 63,942,376 | |
Thermo Fisher Scientific, Inc. | 13,200 | 7,006,428 | |
70,948,804 | |||
Pharmaceuticals - 3.5% | |||
Bristol-Myers Squibb Co. | 3,486,060 | 178,869,739 | |
Eli Lilly & Co. | 208,900 | 121,771,988 | |
GSK PLC sponsored ADR | 2,840,028 | 105,251,438 | |
Johnson & Johnson | 709,777 | 111,250,447 | |
Sanofi SA sponsored ADR | 176,400 | 8,772,372 | |
UCB SA | 384,000 | 33,447,035 | |
559,363,019 | |||
TOTAL HEALTH CARE | 1,907,588,624 | ||
INDUSTRIALS - 15.6% | |||
Aerospace & Defense - 4.2% | |||
Airbus Group NV | 711,500 | 109,918,489 | |
General Dynamics Corp. | 178,160 | 46,262,807 | |
Huntington Ingalls Industries, Inc. | 117,750 | 30,572,610 | |
Safran SA | 121,500 | 21,421,715 | |
Textron, Inc. | 145,700 | 11,717,194 | |
The Boeing Co. (b) | 1,723,796 | 449,324,665 | |
669,217,480 | |||
Air Freight & Logistics - 1.5% | |||
FedEx Corp. | 317,747 | 80,380,459 | |
United Parcel Service, Inc. Class B | 1,057,456 | 166,263,807 | |
246,644,266 | |||
Building Products - 0.1% | |||
Johnson Controls International PLC | 201,700 | 11,625,988 | |
Commercial Services & Supplies - 0.2% | |||
ACV Auctions, Inc. Class A (b) | 1,176,300 | 17,820,945 | |
Veralto Corp. | 101,866 | 8,379,497 | |
26,200,442 | |||
Electrical Equipment - 1.5% | |||
Acuity Brands, Inc. | 224,069 | 45,896,053 | |
Hubbell, Inc. Class B | 157,614 | 51,843,973 | |
Regal Rexnord Corp. | 274,800 | 40,675,896 | |
Vertiv Holdings Co. | 2,243,500 | 107,755,305 | |
246,171,227 | |||
Ground Transportation - 0.4% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 1,077,015 | 62,089,915 | |
Industrial Conglomerates - 6.5% | |||
3M Co. | 147,273 | 16,099,884 | |
General Electric Co. | 8,003,106 | 1,021,436,419 | |
1,037,536,303 | |||
Machinery - 0.8% | |||
Chart Industries, Inc. (b)(c) | 163,000 | 22,221,790 | |
Cummins, Inc. | 91,900 | 22,016,483 | |
Fortive Corp. | 420,200 | 30,939,326 | |
Nordson Corp. | 26,500 | 7,000,240 | |
Otis Worldwide Corp. | 238,884 | 21,372,951 | |
Stanley Black & Decker, Inc. | 145,300 | 14,253,930 | |
Westinghouse Air Brake Tech Co. | 116,285 | 14,756,567 | |
132,561,287 | |||
Passenger Airlines - 0.1% | |||
Copa Holdings SA Class A | 48,500 | 5,156,035 | |
Ryanair Holdings PLC sponsored ADR (b) | 113,400 | 15,123,024 | |
20,279,059 | |||
Professional Services - 0.3% | |||
Equifax, Inc. | 52,400 | 12,957,996 | |
Genpact Ltd. | 554,700 | 19,253,637 | |
Paycom Software, Inc. | 42,000 | 8,682,240 | |
40,893,873 | |||
Trading Companies & Distributors - 0.0% | |||
Beijer Ref AB (B Shares) | 563,299 | 7,534,073 | |
TOTAL INDUSTRIALS | 2,500,753,913 | ||
INFORMATION TECHNOLOGY - 18.9% | |||
IT Services - 0.4% | |||
EPAM Systems, Inc. (b) | 37,000 | 11,001,580 | |
IBM Corp. | 140,100 | 22,913,355 | |
Snowflake, Inc. (b) | 7,500 | 1,492,500 | |
Twilio, Inc. Class A (b) | 321,900 | 24,422,553 | |
59,829,988 | |||
Semiconductors & Semiconductor Equipment - 4.2% | |||
Analog Devices, Inc. | 162,738 | 32,313,257 | |
Applied Materials, Inc. | 368,402 | 59,706,912 | |
Broadcom, Inc. | 53,800 | 60,054,250 | |
Lam Research Corp. | 70,200 | 54,984,852 | |
Marvell Technology, Inc. | 1,997,385 | 120,462,289 | |
NVIDIA Corp. | 477,500 | 236,467,550 | |
Qualcomm, Inc. | 415,131 | 60,040,397 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 440,000 | 45,760,000 | |
669,789,507 | |||
Software - 11.2% | |||
Adobe, Inc. (b) | 253,300 | 151,118,780 | |
Autodesk, Inc. (b) | 180,728 | 44,003,653 | |
DoubleVerify Holdings, Inc. (b) | 224,600 | 8,260,788 | |
Elastic NV (b) | 385,700 | 43,468,390 | |
Intuit, Inc. | 98,500 | 61,565,455 | |
Microsoft Corp. | 3,378,905 | 1,270,603,436 | |
Oracle Corp. | 92,300 | 9,731,189 | |
PTC, Inc. (b) | 132,800 | 23,234,688 | |
Sage Group PLC | 652,900 | 9,757,768 | |
Salesforce, Inc. (b) | 91,500 | 24,077,310 | |
SAP SE sponsored ADR (c) | 919,746 | 142,183,534 | |
Workday, Inc. Class A (b) | 42,900 | 11,842,974 | |
1,799,847,965 | |||
Technology Hardware, Storage & Peripherals - 3.1% | |||
Apple, Inc. | 2,533,614 | 487,796,703 | |
Samsung Electronics Co. Ltd. | 271,740 | 16,474,051 | |
504,270,754 | |||
TOTAL INFORMATION TECHNOLOGY | 3,033,738,214 | ||
MATERIALS - 2.1% | |||
Chemicals - 0.4% | |||
Air Products & Chemicals, Inc. | 5,900 | 1,615,420 | |
DuPont de Nemours, Inc. | 766,300 | 58,951,459 | |
Sherwin-Williams Co. | 29,100 | 9,076,290 | |
69,643,169 | |||
Metals & Mining - 1.7% | |||
First Quantum Minerals Ltd. | 8,751,500 | 71,660,522 | |
Freeport-McMoRan, Inc. | 3,844,442 | 163,657,896 | |
Ivanhoe Mines Ltd. (b) | 3,085,000 | 29,917,550 | |
265,235,968 | |||
TOTAL MATERIALS | 334,879,137 | ||
REAL ESTATE - 1.1% | |||
Equity Real Estate Investment Trusts (REITs) - 1.1% | |||
American Tower Corp. | 208,581 | 45,028,466 | |
Crown Castle International Corp. | 508,200 | 58,539,558 | |
Equinix, Inc. | 4,422 | 3,561,435 | |
Simon Property Group, Inc. | 501,300 | 71,505,432 | |
178,634,891 | |||
UTILITIES - 1.0% | |||
Electric Utilities - 1.0% | |||
Duke Energy Corp. | 32,900 | 3,192,616 | |
Entergy Corp. | 110,700 | 11,201,733 | |
PG&E Corp. | 796,500 | 14,360,895 | |
Southern Co. | 1,779,000 | 124,743,480 | |
153,498,724 | |||
Multi-Utilities - 0.0% | |||
Sempra | 68,760 | 5,138,435 | |
TOTAL UTILITIES | 158,637,159 | ||
TOTAL COMMON STOCKS (Cost $9,104,837,577) | 15,567,847,635 | ||
Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.0% | |||
COMMUNICATION SERVICES - 0.0% | |||
Interactive Media & Services - 0.0% | |||
Reddit, Inc. Series E (b)(d)(e) | 17,600 | 586,784 | |
Nonconvertible Preferred Stocks - 0.2% | |||
INDUSTRIALS - 0.2% | |||
Aerospace & Defense - 0.2% | |||
Embraer SA sponsored ADR (b) | 1,664,100 | 30,702,645 | |
TOTAL PREFERRED STOCKS (Cost $19,071,382) | 31,289,429 | ||
Money Market Funds - 3.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 523,022,576 | 523,127,180 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 65,612,324 | 65,618,886 | |
TOTAL MONEY MARKET FUNDS (Cost $588,746,066) | 588,746,066 | ||
TOTAL INVESTMENT IN SECURITIES - 100.9% (Cost $9,712,655,025) | 16,187,883,130 |
NET OTHER ASSETS (LIABILITIES) - (0.9)% | (141,330,472) |
NET ASSETS - 100.0% | 16,046,552,658 |
(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 $25,714,505 or 0.2% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | 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 $586,784 or 0.0% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Reddit, Inc. Series E | 5/18/21 | 747,546 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 456,325,379 | 1,130,357,471 | 1,063,555,670 | 6,712,771 | - | - | 523,127,180 | 1.1% |
Fidelity Securities Lending Cash Central Fund 5.40% | 59,612,304 | 462,529,181 | 456,522,599 | 775,314 | - | - | 65,618,886 | 0.2% |
Total | 515,937,683 | 1,592,886,652 | 1,520,078,269 | 7,488,085 | - | - | 588,746,066 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,604,079,601 | 1,495,968,485 | 107,524,332 | 586,784 |
Consumer Discretionary | 600,660,806 | 595,613,751 | 5,047,055 | - |
Consumer Staples | 859,542,689 | 859,542,689 | - | - |
Energy | 1,552,571,486 | 1,552,571,486 | - | - |
Financials | 2,837,347,899 | 2,837,347,899 | - | - |
Health Care | 1,907,588,624 | 1,907,588,624 | - | - |
Industrials | 2,531,456,558 | 2,400,116,354 | 131,340,204 | - |
Information Technology | 3,033,738,214 | 3,033,738,214 | - | - |
Materials | 334,879,137 | 334,879,137 | - | - |
Real Estate | 178,634,891 | 178,634,891 | - | - |
Utilities | 158,637,159 | 158,637,159 | - | - |
Money Market Funds | 588,746,066 | 588,746,066 | - | - |
Total Investments in Securities: | 16,187,883,130 | 15,943,384,755 | 243,911,591 | 586,784 |
Statement of Assets and Liabilities | ||||
December 31, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $64,052,440) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $9,123,908,959) | $ | 15,599,137,064 | ||
Fidelity Central Funds (cost $588,746,066) | 588,746,066 | |||
Total Investment in Securities (cost $9,712,655,025) | $ | 16,187,883,130 | ||
Foreign currency held at value (cost $130) | 132 | |||
Receivable for investments sold | 14,464,961 | |||
Receivable for fund shares sold | 2,731,050 | |||
Dividends receivable | 14,549,079 | |||
Distributions receivable from Fidelity Central Funds | 1,993,071 | |||
Other receivables | 28,404 | |||
Total assets | 16,221,649,827 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,457,030 | ||
Payable for fund shares redeemed | 106,904,244 | |||
Other payables and accrued expenses | 133,820 | |||
Collateral on securities loaned | 65,602,075 | |||
Total Liabilities | 175,097,169 | |||
Net Assets | $ | 16,046,552,658 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 9,476,933,283 | ||
Total accumulated earnings (loss) | 6,569,619,375 | |||
Net Assets | $ | 16,046,552,658 | ||
Net Asset Value, offering price and redemption price per share ($16,046,552,658 ÷ 821,289,917 shares) | $ | 19.54 |
Statement of Operations | ||||
Six months ended December 31, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 127,437,608 | ||
Income from Fidelity Central Funds (including $775,314 from security lending) | 7,488,085 | |||
Total Income | 134,925,693 | |||
Expenses | ||||
Custodian fees and expenses | $ | 95,921 | ||
Independent trustees' fees and expenses | 42,955 | |||
Total expenses before reductions | 138,876 | |||
Expense reductions | (4,431) | |||
Total expenses after reductions | 134,445 | |||
Net Investment income (loss) | 134,791,248 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 497,511,915 | |||
Foreign currency transactions | 34,468 | |||
Total net realized gain (loss) | 497,546,383 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 732,079,831 | |||
Assets and liabilities in foreign currencies | 44,607 | |||
Total change in net unrealized appreciation (depreciation) | 732,124,438 | |||
Net gain (loss) | 1,229,670,821 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,364,462,069 |
Statement of Changes in Net Assets | ||||
Six months ended December 31, 2023 (Unaudited) | Year ended June 30, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 134,791,248 | $ | 279,231,241 |
Net realized gain (loss) | 497,546,383 | 209,032,620 | ||
Change in net unrealized appreciation (depreciation) | 732,124,438 | 2,461,954,725 | ||
Net increase (decrease) in net assets resulting from operations | 1,364,462,069 | 2,950,218,586 | ||
Distributions to shareholders | (821,641,569) | (859,194,238) | ||
Share transactions | ||||
Proceeds from sales of shares | 852,428,045 | 2,951,775,908 | ||
Reinvestment of distributions | 821,641,569 | 859,194,238 | ||
Cost of shares redeemed | (1,317,680,992) | (3,553,138,409) | ||
Net increase (decrease) in net assets resulting from share transactions | 356,388,622 | 257,831,737 | ||
Total increase (decrease) in net assets | 899,209,122 | 2,348,856,085 | ||
Net Assets | ||||
Beginning of period | 15,147,343,536 | 12,798,487,451 | ||
End of period | $ | 16,046,552,658 | $ | 15,147,343,536 |
Other Information | ||||
Shares | ||||
Sold | 45,548,493 | 174,605,044 | ||
Issued in reinvestment of distributions | 43,534,511 | 51,636,302 | ||
Redeemed | (69,141,680) | (206,693,495) | ||
Net increase (decrease) | 19,941,324 | 19,547,851 | ||
Fidelity® Series Large Cap Stock Fund |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 18.90 | $ | 16.37 | $ | 19.80 | $ | 14.07 | $ | 14.98 | $ | 15.76 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .17 | .34 | .34 | .34 | .37 | .42 | ||||||
Net realized and unrealized gain (loss) | 1.50 | 3.27 | (2.02) | 6.27 | (.32) | .42 | ||||||
Total from investment operations | 1.67 | 3.61 | (1.68) | 6.61 | .05 | .84 | ||||||
Distributions from net investment income | (.36) | (.33) | (.47) | (.37) | (.28) | (.39) | ||||||
Distributions from net realized gain | (.68) | (.76) | (1.28) | (.52) | (.68) | (1.22) | ||||||
Total distributions | (1.03) C | (1.08) C | (1.75) | (.88) C | (.96) | (1.62) C | ||||||
Net asset value, end of period | $ | 19.54 | $ | 18.90 | $ | 16.37 | $ | 19.80 | $ | 14.07 | $ | 14.98 |
Total Return D,E | 9.12% | 23.03% | (9.44)% | 49.05% | .17% | 5.83% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions H | -% I | -% | -% | -% | -% | -% | ||||||
Expenses net of fee waivers, if any H | -% I | -% | -% | -% | -% | -% | ||||||
Expenses net of all reductions H | -% I | -% | -% | -% | -% | -% | ||||||
Net investment income (loss) | 1.79% I | 1.98% | 1.84% | 2.04% | 2.58% | 2.80% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 16,046,553 | $ | 15,147,344 | $ | 12,798,487 | $ | 14,792,790 | $ | 11,937,391 | $ | 14,114,096 |
Portfolio turnover rate J | 13% I | 12% | 17% | 15% | 28% K | 41% L |
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% |
Gross unrealized appreciation | $6,762,137,507 |
Gross unrealized depreciation | (325,487,975) |
Net unrealized appreciation (depreciation) | $6,436,649,532 |
Tax cost | $9,751,233,598 |
Purchases ($) | Sales ($) | |
Fidelity Series Large Cap Stock Fund | 936,581,515 | 1,465,341,801 |
Amount | |
Fidelity Series Large Cap Stock Fund | $16,207 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Large Cap Stock Fund | 48,233,611 | 66,358,053 | 21,943,914 |
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 Series Large Cap Stock Fund | $77,933 | $11 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2023 to December 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2023 | Ending Account Value December 31, 2023 | Expenses Paid During Period- C July 1, 2023 to December 31, 2023 | |||||||
Fidelity® Series Large Cap Stock Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 1,091.20 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.14 | $-E | |||||||
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 14.1 | |
NVIDIA Corp. | 6.5 | |
Amazon.com, Inc. | 5.0 | |
Alphabet, Inc. Class A | 4.7 | |
Uber Technologies, Inc. | 4.4 | |
Apple, Inc. | 4.4 | |
Eli Lilly & Co. | 2.2 | |
Boston Scientific Corp. | 2.1 | |
Universal Music Group NV | 1.9 | |
Netflix, Inc. | 1.8 | |
47.1 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 38.4 | |
Health Care | 14.7 | |
Industrials | 13.6 | |
Consumer Discretionary | 10.8 | |
Communication Services | 10.5 | |
Financials | 5.1 | |
Energy | 3.7 | |
Consumer Staples | 1.3 | |
Materials | 0.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.0% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 10.5% | |||
Entertainment - 4.9% | |||
Netflix, Inc. (a) | 159,985 | 77,893 | |
Universal Music Group NV | 2,834,046 | 80,904 | |
Warner Music Group Corp. Class A | 1,387,046 | 49,642 | |
208,439 | |||
Interactive Media & Services - 5.6% | |||
Alphabet, Inc. Class A (a) | 1,429,794 | 199,728 | |
Epic Games, Inc. (a)(b)(c) | 2,244 | 1,441 | |
Meta Platforms, Inc. Class A (a) | 103,700 | 36,706 | |
237,875 | |||
TOTAL COMMUNICATION SERVICES | 446,314 | ||
CONSUMER DISCRETIONARY - 10.8% | |||
Automobiles - 0.4% | |||
BYD Co. Ltd. (H Shares) | 521,500 | 14,385 | |
Broadline Retail - 6.3% | |||
Amazon.com, Inc. (a) | 1,381,969 | 209,976 | |
MercadoLibre, Inc. (a) | 27,201 | 42,747 | |
PDD Holdings, Inc. ADR (a) | 70,100 | 10,256 | |
Savers Value Village, Inc. (d) | 349,600 | 6,076 | |
269,055 | |||
Hotels, Restaurants & Leisure - 2.1% | |||
Airbnb, Inc. Class A (a) | 216,653 | 29,495 | |
Booking Holdings, Inc. (a) | 7,558 | 26,810 | |
Flutter Entertainment PLC (a) | 156,051 | 27,728 | |
Kura Sushi U.S.A., Inc. Class A (a)(d) | 58,663 | 4,458 | |
88,491 | |||
Household Durables - 0.0% | |||
Blu Investments LLC (a)(b)(c) | 3,320,224 | 1 | |
Specialty Retail - 1.0% | |||
TJX Companies, Inc. | 466,739 | 43,785 | |
Textiles, Apparel & Luxury Goods - 1.0% | |||
LVMH Moet Hennessy Louis Vuitton SE | 27,317 | 22,196 | |
Samsonite International SA (a)(e) | 6,564,623 | 21,648 | |
43,844 | |||
TOTAL CONSUMER DISCRETIONARY | 459,561 | ||
CONSUMER STAPLES - 1.3% | |||
Beverages - 0.9% | |||
Monster Beverage Corp. | 620,703 | 35,759 | |
Personal Care Products - 0.4% | |||
Estee Lauder Companies, Inc. Class A | 119,115 | 17,421 | |
TOTAL CONSUMER STAPLES | 53,180 | ||
ENERGY - 3.7% | |||
Energy Equipment & Services - 0.5% | |||
Baker Hughes Co. Class A | 581,861 | 19,888 | |
Oil, Gas & Consumable Fuels - 3.2% | |||
Cheniere Energy, Inc. | 352,200 | 60,124 | |
New Fortress Energy, Inc. (d) | 247,089 | 9,323 | |
Range Resources Corp. | 642,211 | 19,549 | |
Reliance Industries Ltd. | 1,340,943 | 41,653 | |
Southwestern Energy Co. (a) | 940,800 | 6,162 | |
136,811 | |||
TOTAL ENERGY | 156,699 | ||
FINANCIALS - 5.1% | |||
Capital Markets - 1.2% | |||
Ares Management Corp. | 72,600 | 8,634 | |
CME Group, Inc. | 206,557 | 43,501 | |
52,135 | |||
Financial Services - 2.9% | |||
Apollo Global Management, Inc. | 42,500 | 3,961 | |
Corebridge Financial, Inc. | 396,100 | 8,580 | |
Fiserv, Inc. (a) | 61,800 | 8,210 | |
Global Payments, Inc. | 163,500 | 20,765 | |
MasterCard, Inc. Class A | 175,296 | 74,765 | |
Rocket Companies, Inc. (a)(d) | 613,018 | 8,877 | |
125,158 | |||
Insurance - 1.0% | |||
Arthur J. Gallagher & Co. | 142,184 | 31,974 | |
BRP Group, Inc. (a) | 358,843 | 8,619 | |
40,593 | |||
TOTAL FINANCIALS | 217,886 | ||
HEALTH CARE - 14.7% | |||
Biotechnology - 4.5% | |||
Adamas Pharmaceuticals, Inc.: | |||
rights (a)(c) | 678,800 | 163 | |
rights (a)(c) | 678,800 | 61 | |
Alnylam Pharmaceuticals, Inc. (a) | 141,766 | 27,135 | |
Arcellx, Inc. (a) | 31,947 | 1,773 | |
Arrowhead Pharmaceuticals, Inc. (a) | 51,000 | 1,561 | |
Beam Therapeutics, Inc. (a) | 39,300 | 1,070 | |
BioMarin Pharmaceutical, Inc. (a) | 80,100 | 7,723 | |
Blueprint Medicines Corp. (a) | 20,200 | 1,863 | |
Cerevel Therapeutics Holdings (a) | 45,600 | 1,933 | |
Cytokinetics, Inc. (a) | 118,163 | 9,865 | |
Galapagos NV sponsored ADR (a) | 207,245 | 8,425 | |
Gamida Cell Ltd. (a)(d) | 996,121 | 411 | |
Gamida Cell Ltd. warrants 4/21/28 (a) | 182,600 | 10 | |
Hookipa Pharma, Inc. (a) | 454,700 | 368 | |
Immunocore Holdings PLC ADR (a) | 89,089 | 6,087 | |
Insmed, Inc. (a) | 324,506 | 10,056 | |
Krystal Biotech, Inc. (a) | 10,600 | 1,315 | |
Legend Biotech Corp. ADR (a) | 85,168 | 5,125 | |
Regeneron Pharmaceuticals, Inc. (a) | 40,952 | 35,968 | |
Repligen Corp. (a)(d) | 89,319 | 16,060 | |
Sarepta Therapeutics, Inc. (a) | 27,300 | 2,633 | |
Seres Therapeutics, Inc. (a) | 161,000 | 225 | |
Synlogic, Inc. (a)(d) | 29,513 | 114 | |
Vertex Pharmaceuticals, Inc. (a) | 117,953 | 47,994 | |
Vor Biopharma, Inc. (a) | 246,895 | 556 | |
XOMA Corp. (a) | 147,500 | 2,729 | |
191,223 | |||
Health Care Equipment & Supplies - 3.6% | |||
Axonics Modulation Technologies, Inc. (a) | 140,400 | 8,737 | |
Boston Scientific Corp. (a) | 1,578,665 | 91,263 | |
Glaukos Corp. (a) | 72,900 | 5,795 | |
Inspire Medical Systems, Inc. (a) | 34,100 | 6,937 | |
Lantheus Holdings, Inc. (a) | 51,700 | 3,205 | |
Masimo Corp. (a) | 247,300 | 28,986 | |
Penumbra, Inc. (a) | 26,000 | 6,540 | |
151,463 | |||
Health Care Providers & Services - 0.8% | |||
HealthEquity, Inc. (a) | 542,250 | 35,951 | |
Health Care Technology - 0.1% | |||
Evolent Health, Inc. | 159,100 | 5,255 | |
Life Sciences Tools & Services - 2.9% | |||
Agilent Technologies, Inc. | 62,200 | 8,648 | |
Bio-Techne Corp. | 125,199 | 9,660 | |
Bruker Corp. | 254,223 | 18,680 | |
Chemometec A/S | 45,300 | 2,603 | |
Codexis, Inc. (a) | 584,001 | 1,781 | |
Danaher Corp. | 156,814 | 36,277 | |
MaxCyte, Inc. (a) | 487,900 | 2,293 | |
Sartorius Stedim Biotech | 53,412 | 14,122 | |
Thermo Fisher Scientific, Inc. | 52,211 | 27,713 | |
121,777 | |||
Pharmaceuticals - 2.8% | |||
Aclaris Therapeutics, Inc. (a) | 89,364 | 94 | |
AstraZeneca PLC sponsored ADR | 309,415 | 20,839 | |
Chugai Pharmaceutical Co. Ltd. | 107,400 | 4,057 | |
Eli Lilly & Co. | 162,516 | 94,734 | |
119,724 | |||
TOTAL HEALTH CARE | 625,393 | ||
INDUSTRIALS - 13.6% | |||
Commercial Services & Supplies - 0.0% | |||
Veralto Corp. | 22,238 | 1,829 | |
Electrical Equipment - 1.3% | |||
Eaton Corp. PLC | 213,383 | 51,387 | |
HD Hyundai Electric Co. Ltd. | 54,750 | 3,476 | |
54,863 | |||
Ground Transportation - 4.4% | |||
Uber Technologies, Inc. (a) | 3,040,118 | 187,180 | |
Industrial Conglomerates - 1.5% | |||
General Electric Co. | 503,978 | 64,323 | |
Machinery - 2.1% | |||
Energy Recovery, Inc. (a) | 158,000 | 2,977 | |
Ingersoll Rand, Inc. | 582,196 | 45,027 | |
Parker Hannifin Corp. | 61,821 | 28,481 | |
Westinghouse Air Brake Tech Co. | 93,885 | 11,914 | |
88,399 | |||
Passenger Airlines - 0.6% | |||
Ryanair Holdings PLC sponsored ADR (a) | 184,211 | 24,566 | |
Professional Services - 2.7% | |||
Equifax, Inc. | 252,819 | 62,520 | |
KBR, Inc. | 649,062 | 35,965 | |
TransUnion Holding Co., Inc. | 232,139 | 15,950 | |
114,435 | |||
Trading Companies & Distributors - 1.0% | |||
Ferguson PLC | 210,946 | 40,561 | |
TOTAL INDUSTRIALS | 576,156 | ||
INFORMATION TECHNOLOGY - 38.2% | |||
Electronic Equipment, Instruments & Components - 1.4% | |||
Flex Ltd. (a) | 1,061,129 | 32,322 | |
Jabil, Inc. | 216,600 | 27,595 | |
59,917 | |||
IT Services - 2.0% | |||
Gartner, Inc. (a) | 40,254 | 18,159 | |
MongoDB, Inc. Class A (a) | 110,285 | 45,090 | |
Snowflake, Inc. (a) | 98,718 | 19,645 | |
82,894 | |||
Semiconductors & Semiconductor Equipment - 13.5% | |||
Aixtron AG | 388,675 | 16,588 | |
Allegro MicroSystems LLC (a) | 176,113 | 5,331 | |
Arm Holdings Ltd. ADR (d) | 31,300 | 2,352 | |
ASML Holding NV (depository receipt) | 56,867 | 43,044 | |
BE Semiconductor Industries NV | 220,800 | 33,260 | |
eMemory Technology, Inc. | 18,757 | 1,497 | |
KLA Corp. | 46,700 | 27,147 | |
Marvell Technology, Inc. | 138,000 | 8,323 | |
Monolithic Power Systems, Inc. | 23,607 | 14,891 | |
NVIDIA Corp. | 560,213 | 277,429 | |
NXP Semiconductors NV | 151,854 | 34,878 | |
SiTime Corp. (a)(d) | 152,221 | 18,583 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 626,182 | 65,123 | |
Universal Display Corp. | 136,790 | 26,162 | |
574,608 | |||
Software - 16.9% | |||
ASAPP, Inc. warrants 8/28/28 (a)(b)(c) | 1,014,955 | 2,426 | |
Confluent, Inc. (a) | 760,475 | 17,795 | |
HubSpot, Inc. (a) | 54,356 | 31,556 | |
Manhattan Associates, Inc. (a) | 129,851 | 27,960 | |
Microsoft Corp. | 1,586,882 | 596,729 | |
Monday.com Ltd. (a) | 53,900 | 10,123 | |
NICE Ltd. sponsored ADR (a) | 67,339 | 13,435 | |
ServiceNow, Inc. (a) | 23,374 | 16,513 | |
Volue A/S (a) | 725,946 | 1,518 | |
718,055 | |||
Technology Hardware, Storage & Peripherals - 4.4% | |||
Apple, Inc. | 967,481 | 186,269 | |
TOTAL INFORMATION TECHNOLOGY | 1,621,743 | ||
MATERIALS - 0.1% | |||
Chemicals - 0.1% | |||
Aspen Aerogels, Inc. (a)(d) | 261,459 | 4,126 | |
TOTAL COMMON STOCKS (Cost $2,605,731) | 4,161,058 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) (000s) | ||
CONSUMER DISCRETIONARY - 0.0% | |||
Textiles, Apparel & Luxury Goods - 0.0% | |||
Canva, Inc.: | |||
Series A (b)(c) | 423 | 473 | |
Series A2 (b)(c) | 77 | 86 | |
559 | |||
HEALTH CARE - 0.0% | |||
Biotechnology - 0.0% | |||
ElevateBio LLC Series C (a)(b)(c) | 75,700 | 241 | |
INFORMATION TECHNOLOGY - 0.2% | |||
Software - 0.2% | |||
ASAPP, Inc.: | |||
Series C (a)(b)(c) | 250,763 | 772 | |
Series D (b)(c) | 1,768,998 | 4,847 | |
5,619 | |||
MATERIALS - 0.1% | |||
Metals & Mining - 0.1% | |||
Illuminated Holdings, Inc.: | |||
Series C2 (a)(b)(c) | 50,974 | 1,183 | |
Series C3 (a)(b)(c) | 63,718 | 1,478 | |
Series C4 (a)(b)(c) | 18,303 | 425 | |
Series C5 (a)(b)(c) | 36,887 | 856 | |
3,942 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $14,775) | 10,361 | ||
Convertible Bonds - 0.0% | |||
Principal Amount (f) (000s) | Value ($) (000s) | ||
MATERIALS - 0.0% | |||
Metals & Mining - 0.0% | |||
Illuminated Holdings, Inc. 0% (b)(c)(g) (Cost $810) | 810 | 815 | |
Preferred Securities - 0.0% | |||
Principal Amount (f) (000s) | Value ($) (000s) | ||
MATERIALS - 0.0% | |||
Metals & Mining - 0.0% | |||
Illuminated Holdings, Inc. 0% (b)(c)(g) (Cost $1,099) | 1,099 | 1,104 | |
Money Market Funds - 2.9% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.40% (h) | 69,691,943 | 69,706 | |
Fidelity Securities Lending Cash Central Fund 5.40% (h)(i) | 54,914,164 | 54,920 | |
TOTAL MONEY MARKET FUNDS (Cost $124,626) | 124,626 | ||
TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $2,747,041) | 4,297,964 |
NET OTHER ASSETS (LIABILITIES) - (1.2)% | (52,532) |
NET ASSETS - 100.0% | 4,245,432 |
(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 $16,148,000 or 0.4% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $21,648,000 or 0.5% of net assets. |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Security is perpetual in nature with no stated maturity date. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
ASAPP, Inc. warrants 8/28/28 | 8/29/23 | 0 |
ASAPP, Inc. Series C | 4/30/21 | 1,654 |
ASAPP, Inc. Series D | 8/29/23 | 6,831 |
Blu Investments LLC | 5/21/20 | 6 |
Canva, Inc. Series A | 9/22/23 | 451 |
Canva, Inc. Series A2 | 9/22/23 | 82 |
ElevateBio LLC Series C | 3/09/21 | 318 |
Epic Games, Inc. | 3/29/21 | 1,986 |
Illuminated Holdings, Inc. Series C2 | 7/07/20 | 1,274 |
Illuminated Holdings, Inc. Series C3 | 7/07/20 | 1,912 |
Illuminated Holdings, Inc. Series C4 | 1/08/21 | 659 |
Illuminated Holdings, Inc. Series C5 | 6/16/21 | 1,594 |
Illuminated Holdings, Inc. 0% | 9/27/23 | 1,099 |
Illuminated Holdings, Inc. 0% | 6/14/23 | 810 |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 44,138 | 520,070 | 494,502 | 1,239 | - | - | 69,706 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.40% | 22,191 | 161,363 | 128,634 | 118 | - | - | 54,920 | 0.2% |
Total | 66,329 | 681,433 | 623,136 | 1,357 | - | - | 124,626 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 446,314 | 363,969 | 80,904 | 1,441 |
Consumer Discretionary | 460,120 | 422,979 | 36,581 | 560 |
Consumer Staples | 53,180 | 53,180 | - | - |
Energy | 156,699 | 156,699 | - | - |
Financials | 217,886 | 217,886 | - | - |
Health Care | 625,634 | 621,102 | 4,067 | 465 |
Industrials | 576,156 | 576,156 | - | - |
Information Technology | 1,627,362 | 1,619,317 | - | 8,045 |
Materials | 8,068 | 4,126 | - | 3,942 |
Corporate Bonds | 815 | - | - | 815 |
Preferred Securities | 1,104 | - | - | 1,104 |
Money Market Funds | 124,626 | 124,626 | - | - |
Total Investments in Securities: | 4,297,964 | 4,160,040 | 121,552 | 16,372 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | December 31, 2023 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $51,913) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,622,415) | $ | 4,173,338 | ||
Fidelity Central Funds (cost $124,626) | 124,626 | |||
Total Investment in Securities (cost $2,747,041) | $ | 4,297,964 | ||
Foreign currency held at value (cost $62) | 64 | |||
Receivable for fund shares sold | 7,764 | |||
Dividends receivable | 2,040 | |||
Distributions receivable from Fidelity Central Funds | 380 | |||
Prepaid expenses | 3 | |||
Other receivables | 24 | |||
Total assets | 4,308,239 | |||
Liabilities | ||||
Payable to custodian bank | $ | 74 | ||
Payable for fund shares redeemed | 3,697 | |||
Accrued management fee | 1,780 | |||
Other affiliated payables | 535 | |||
Other payables and accrued expenses | 1,807 | |||
Collateral on securities loaned | 54,914 | |||
Total Liabilities | 62,807 | |||
Net Assets | $ | 4,245,432 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,650,487 | ||
Total accumulated earnings (loss) | 1,594,945 | |||
Net Assets | $ | 4,245,432 | ||
Net Asset Value and Maximum Offering Price | ||||
Growth Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($3,805,151 ÷ 70,655 shares) | $ | 53.86 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($440,281 ÷ 8,161 shares) | $ | 53.95 |
Statement of Operations | ||||
Amounts in thousands | Six months ended December 31, 2023 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 10,651 | ||
Income from Fidelity Central Funds (including $118 from security lending) | 1,357 | |||
Total Income | 12,008 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 9,442 | ||
Performance adjustment | (34) | |||
Transfer agent fees | 2,395 | |||
Accounting fees | 459 | |||
Custodian fees and expenses | 35 | |||
Independent trustees' fees and expenses | 10 | |||
Registration fees | 88 | |||
Audit | 36 | |||
Legal | 8 | |||
Miscellaneous | 5 | |||
Total expenses before reductions | 12,444 | |||
Expense reductions | (128) | |||
Total expenses after reductions | 12,316 | |||
Net Investment income (loss) | (308) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $911) | 54,931 | |||
Foreign currency transactions | 56 | |||
Total net realized gain (loss) | 54,987 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $554) | 323,980 | |||
Assets and liabilities in foreign currencies | 6 | |||
Total change in net unrealized appreciation (depreciation) | 323,986 | |||
Net gain (loss) | 378,973 | |||
Net increase (decrease) in net assets resulting from operations | $ | 378,665 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended December 31, 2023 (Unaudited) | Year ended June 30, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (308) | $ | 12,023 |
Net realized gain (loss) | 54,987 | 92,946 | ||
Change in net unrealized appreciation (depreciation) | 323,986 | 498,363 | ||
Net increase (decrease) in net assets resulting from operations | 378,665 | 603,332 | ||
Distributions to shareholders | (95,883) | (98,036) | ||
Share transactions - net increase (decrease) | 509,292 | 179,647 | ||
Total increase (decrease) in net assets | 792,074 | 684,943 | ||
Net Assets | ||||
Beginning of period | 3,453,358 | 2,768,415 | ||
End of period | $ | 4,245,432 | $ | 3,453,358 |
Fidelity® Growth Discovery Fund |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 50.18 | $ | 42.65 | $ | 58.70 | $ | 45.22 | $ | 37.74 | $ | 35.75 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | .18 | (.07) | (.07) | .03 | .04 | ||||||
Net realized and unrealized gain (loss) | 5.06 | 8.84 | (8.48) | 18.53 | 9.15 | 3.51 | ||||||
Total from investment operations | 5.05 | 9.02 | (8.55) | 18.46 | 9.18 | 3.55 | ||||||
Distributions from net investment income | (.03) | (.01) | (.13) | (.01) | (.02) | (.06) | ||||||
Distributions from net realized gain | (1.35) | (1.48) | (7.37) | (4.98) | (1.68) | (1.50) | ||||||
Total distributions | (1.37) C | (1.49) | (7.50) | (4.98) C | (1.70) | (1.56) | ||||||
Net asset value, end of period | $ | 53.86 | $ | 50.18 | $ | 42.65 | $ | 58.70 | $ | 45.22 | $ | 37.74 |
Total Return D,E | 10.35% | 21.46% | (17.10)% | 43.10% | 25.33% | 10.33% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .70% H,I | .83% | .77% | .79% | .79% | .77% | ||||||
Expenses net of fee waivers, if any | .69% H,I | .83% | .77% | .79% | .79% | .77% | ||||||
Expenses net of all reductions | .69% H,I | .83% | .77% | .78% | .78% | .76% | ||||||
Net investment income (loss) | (.03)% H,I | .40% | (.14)% | (.12)% | .06% | .11% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3,805 | $ | 3,073 | $ | 2,339 | $ | 2,944 | $ | 2,094 | $ | 1,707 |
Portfolio turnover rate J | 30% I | 53% | 45% | 51% | 54% | 49% |
Fidelity® Growth Discovery Fund Class K |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 50.29 | $ | 42.71 | $ | 58.78 | $ | 45.27 | $ | 37.78 | $ | 35.78 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | .22 | (.02) | (.02) | .06 | .08 | ||||||
Net realized and unrealized gain (loss) | 5.06 | 8.87 | (8.50) | 18.56 | 9.17 | 3.52 | ||||||
Total from investment operations | 5.08 | 9.09 | (8.52) | 18.54 | 9.23 | 3.60 | ||||||
Distributions from net investment income | (.08) | (.03) | (.16) | (.03) | (.06) | (.10) | ||||||
Distributions from net realized gain | (1.35) | (1.48) | (7.40) | (5.00) | (1.68) | (1.50) | ||||||
Total distributions | (1.42) C | (1.51) | (7.55) C | (5.03) | (1.74) | (1.60) | ||||||
Net asset value, end of period | $ | 53.95 | $ | 50.29 | $ | 42.71 | $ | 58.78 | $ | 45.27 | $ | 37.78 |
Total Return D,E | 10.38% | 21.61% | (17.04)% | 43.25% | 25.46% | 10.47% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .60% H,I | .73% | .68% | .69% | .69% | .66% | ||||||
Expenses net of fee waivers, if any | .59% H,I | .72% | .68% | .69% | .69% | .66% | ||||||
Expenses net of all reductions | .59% H,I | .72% | .68% | .69% | .68% | .66% | ||||||
Net investment income (loss) | .07% H,I | .50% | (.05)% | (.03)% | .17% | .22% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 440 | $ | 380 | $ | 430 | $ | 430 | $ | 316 | $ | 366 |
Portfolio turnover rate J | 30% I | 53% | 45% | 51% | 54% | 49% |
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% |
Gross unrealized appreciation | $1,598,684 |
Gross unrealized depreciation | (50,751) |
Net unrealized appreciation (depreciation) | $1,547,933 |
Tax cost | $2,750,031 |
Purchases ($) | Sales ($) | |
Fidelity Growth Discovery Fund | 945,687 | 535,559 |
% of Class-Level Average Net Assets | |
Growth Discovery | 0.1411 |
Amount | % of Class-Level Average Net AssetsA | |
Growth Discovery | $2,312 | .14 |
Class K | 83 | .04 |
$2,395 |
% of Average Net Assets | |
Fidelity Growth Discovery Fund | 0.0255% |
% of Average Net Assets | |
Fidelity Growth Discovery Fund | .03 |
Maximum Management Fee Rate % | |
Growth Discovery | 0.66 |
Class K | 0.56 |
Performance Adjustment Index | |
Growth Discovery | Russell 3000 Growth Index |
Amount | |
Fidelity Growth Discovery Fund | $7 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Growth Discovery Fund | 85,772 | 19,045 | (4,344) |
Amount | |
Fidelity Growth Discovery Fund | $3 |
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 Growth Discovery Fund | $12 | $1 | $422 |
Six months ended December 31, 2023 | Year ended June 30, 2023 | |
Fidelity Growth Discovery Fund | ||
Distributions to shareholders | ||
Growth Discovery | $85,127 | $82,690 |
Class K | 10,756 | 15,346 |
Total | $95,883 | $98,036 |
Shares | Shares | Dollars | Dollars | |
Six months ended December 31, 2023 | Year ended June 30, 2023 | Six months ended December 31, 2023 | Year ended June 30, 2023 | |
Fidelity Growth Discovery Fund | ||||
Growth Discovery | ||||
Shares sold | 12,756 | 14,335 | $647,590 | $631,744 |
Reinvestment of distributions | 1,573 | 1,665 | 77,139 | 76,651 |
Shares redeemed | (4,909) | (9,599) | (245,501) | (418,829) |
Net increase (decrease) | 9,420 | 6,401 | $479,228 | $289,566 |
Class K | ||||
Shares sold | 1,060 | 4,349 | $53,397 | $188,046 |
Reinvestment of distributions | 219 | 333 | 10,756 | 15,346 |
Shares redeemed | (681) | (7,182) | (34,090) | (313,311) |
Net increase (decrease) | 598 | (2,500) | $30,063 | $(109,919) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2023 to December 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2023 | Ending Account Value December 31, 2023 | Expenses Paid During Period- C July 1, 2023 to December 31, 2023 | |||||||
Fidelity® Growth Discovery Fund | ||||||||||
Fidelity® Growth Discovery Fund ** | .69% | |||||||||
Actual | $ 1,000 | $ 1,103.50 | $ 3.65 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.67 | $ 3.51 | |||||||
Class K ** | .59% | |||||||||
Actual | $ 1,000 | $ 1,103.80 | $ 3.12 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.17 | $ 3.00 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Growth Discovery Fund | ||||||
Fidelity® Growth Discovery Fund | .65% | |||||
Actual | $ 3.44 | |||||
Hypothetical- B | $ 3.30 | |||||
Class K | .56% | |||||
Actual | $ 2.96 | |||||
Hypothetical- B | $ 2.85 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
A special meeting of shareholders was held on April 19, 2023. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To reclassify the diversification status of the fund from diversified to non-diversified by eliminating the following fundamental policy: The fund may not with respect to 75% of fund's total assets, purchase the securities of any issuer (other than securities issued or guaranteed by the U.S. Government or any of its agencies or instrumentalities, or securities of other investment companies) if, as a result, (a) more than 5% of fund's total assets would be invested in the securities of that issuer, or (b) the fund would hold more than 10% of outstanding voting securities of issuer. | ||
# of Votes | % of Votes | |
Affirmative | 1,305,869,193.160 | 86.137 |
Against | 155,973,443.790 | 10.288 |
Abstain | 54,199,503.650 | 3.575 |
TOTAL | 1,516,042,140.600 | 100.000 |
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 11.5 | |
Apple, Inc. | 9.8 | |
Alphabet, Inc. Class A | 8.6 | |
NVIDIA Corp. | 3.8 | |
Amazon.com, Inc. | 2.6 | |
UnitedHealth Group, Inc. | 2.5 | |
Eli Lilly & Co. | 2.5 | |
Costco Wholesale Corp. | 2.3 | |
Broadcom, Inc. | 2.2 | |
JPMorgan Chase & Co. | 1.8 | |
47.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 38.2 | |
Health Care | 14.6 | |
Communication Services | 11.1 | |
Financials | 11.0 | |
Consumer Discretionary | 7.8 | |
Industrials | 7.6 | |
Consumer Staples | 4.0 | |
Energy | 3.5 | |
Materials | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Common Stocks - 98.2% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 11.1% | |||
Interactive Media & Services - 11.1% | |||
Alphabet, Inc.: | |||
Class A (a) | 4,194,200 | 585,888 | |
Class C (a) | 430,000 | 60,600 | |
Meta Platforms, Inc. Class A (a) | 312,700 | 110,683 | |
757,171 | |||
CONSUMER DISCRETIONARY - 7.8% | |||
Broadline Retail - 2.6% | |||
Amazon.com, Inc. (a) | 1,179,700 | 179,244 | |
Hotels, Restaurants & Leisure - 0.1% | |||
Airbnb, Inc. Class A (a) | 20,400 | 2,777 | |
Household Durables - 0.9% | |||
NVR, Inc. (a) | 2,560 | 17,921 | |
PulteGroup, Inc. | 429,000 | 44,281 | |
62,202 | |||
Specialty Retail - 4.2% | |||
AutoZone, Inc. (a) | 24,600 | 63,606 | |
Lowe's Companies, Inc. | 243,400 | 54,169 | |
O'Reilly Automotive, Inc. (a) | 66,400 | 63,085 | |
The Home Depot, Inc. | 300,200 | 104,034 | |
284,894 | |||
TOTAL CONSUMER DISCRETIONARY | 529,117 | ||
CONSUMER STAPLES - 4.0% | |||
Consumer Staples Distribution & Retail - 2.7% | |||
Costco Wholesale Corp. | 240,300 | 158,617 | |
Walmart, Inc. | 180,000 | 28,377 | |
186,994 | |||
Household Products - 1.3% | |||
Procter & Gamble Co. | 600,000 | 87,924 | |
TOTAL CONSUMER STAPLES | 274,918 | ||
ENERGY - 3.5% | |||
Energy Equipment & Services - 0.4% | |||
TechnipFMC PLC | 1,468,530 | 29,576 | |
Oil, Gas & Consumable Fuels - 3.1% | |||
APA Corp. | 1,061,600 | 38,090 | |
Cheniere Energy, Inc. | 80,000 | 13,657 | |
Chevron Corp. | 238,100 | 35,515 | |
Exxon Mobil Corp. | 510,000 | 50,990 | |
Marathon Petroleum Corp. | 300,000 | 44,508 | |
Occidental Petroleum Corp. | 459,600 | 27,443 | |
210,203 | |||
TOTAL ENERGY | 239,779 | ||
FINANCIALS - 11.0% | |||
Banks - 1.8% | |||
JPMorgan Chase & Co. | 730,000 | 124,173 | |
Capital Markets - 3.6% | |||
Ameriprise Financial, Inc. | 121,521 | 46,157 | |
Cboe Global Markets, Inc. | 43,500 | 7,767 | |
Morgan Stanley | 372,700 | 34,754 | |
MSCI, Inc. | 186,559 | 105,527 | |
S&P Global, Inc. | 111,000 | 48,898 | |
243,103 | |||
Financial Services - 3.7% | |||
Apollo Global Management, Inc. | 360,000 | 33,548 | |
MasterCard, Inc. Class A | 232,300 | 99,078 | |
Visa, Inc. Class A | 470,000 | 122,365 | |
254,991 | |||
Insurance - 1.9% | |||
Arthur J. Gallagher & Co. | 309,200 | 69,533 | |
Marsh & McLennan Companies, Inc. | 270,400 | 51,233 | |
Progressive Corp. | 57,200 | 9,111 | |
129,877 | |||
TOTAL FINANCIALS | 752,144 | ||
HEALTH CARE - 14.6% | |||
Biotechnology - 2.3% | |||
Gilead Sciences, Inc. | 112,300 | 9,097 | |
Moderna, Inc. (a) | 66,300 | 6,594 | |
Regeneron Pharmaceuticals, Inc. (a) | 91,200 | 80,100 | |
Vertex Pharmaceuticals, Inc. (a) | 145,042 | 59,016 | |
154,807 | |||
Health Care Equipment & Supplies - 1.5% | |||
Boston Scientific Corp. (a) | 422,400 | 24,419 | |
DexCom, Inc. (a) | 228,000 | 28,293 | |
Insulet Corp. (a) | 27,727 | 6,016 | |
Intuitive Surgical, Inc. (a) | 62,968 | 21,243 | |
ResMed, Inc. | 152,000 | 26,147 | |
106,118 | |||
Health Care Providers & Services - 4.5% | |||
Cardinal Health, Inc. | 263,000 | 26,510 | |
Centene Corp. (a) | 535,000 | 39,702 | |
McKesson Corp. | 114,300 | 52,919 | |
Molina Healthcare, Inc. (a) | 43,000 | 15,536 | |
UnitedHealth Group, Inc. | 330,198 | 173,839 | |
308,506 | |||
Life Sciences Tools & Services - 2.6% | |||
Danaher Corp. | 350,500 | 81,085 | |
Mettler-Toledo International, Inc. (a) | 6,400 | 7,763 | |
Thermo Fisher Scientific, Inc. | 162,000 | 85,988 | |
174,836 | |||
Pharmaceuticals - 3.7% | |||
Eli Lilly & Co. | 291,412 | 169,870 | |
Merck & Co., Inc. | 544,900 | 59,405 | |
Zoetis, Inc. Class A | 112,580 | 22,220 | |
251,495 | |||
TOTAL HEALTH CARE | 995,762 | ||
INDUSTRIALS - 7.6% | |||
Aerospace & Defense - 1.2% | |||
Howmet Aerospace, Inc. | 588,700 | 31,860 | |
TransDigm Group, Inc. | 46,200 | 46,736 | |
78,596 | |||
Air Freight & Logistics - 0.2% | |||
FedEx Corp. | 51,425 | 13,009 | |
Building Products - 0.8% | |||
Carrier Global Corp. | 720,000 | 41,364 | |
Trane Technologies PLC | 48,200 | 11,756 | |
53,120 | |||
Commercial Services & Supplies - 0.3% | |||
Copart, Inc. | 260,000 | 12,740 | |
Veralto Corp. | 116,833 | 9,611 | |
22,351 | |||
Construction & Engineering - 0.7% | |||
EMCOR Group, Inc. | 72,100 | 15,533 | |
Quanta Services, Inc. | 144,800 | 31,248 | |
46,781 | |||
Electrical Equipment - 1.3% | |||
AMETEK, Inc. | 103,900 | 17,132 | |
Eaton Corp. PLC | 157,273 | 37,874 | |
nVent Electric PLC | 459,000 | 27,122 | |
Vertiv Holdings Co. | 155,200 | 7,454 | |
89,582 | |||
Ground Transportation - 0.6% | |||
Old Dominion Freight Lines, Inc. | 106,000 | 42,965 | |
Industrial Conglomerates - 0.4% | |||
General Electric Co. | 217,964 | 27,819 | |
Machinery - 1.6% | |||
PACCAR, Inc. | 463,000 | 45,212 | |
Parker Hannifin Corp. | 139,500 | 64,268 | |
109,480 | |||
Professional Services - 0.1% | |||
Verisk Analytics, Inc. | 18,900 | 4,514 | |
Trading Companies & Distributors - 0.4% | |||
W.W. Grainger, Inc. | 34,500 | 28,590 | |
TOTAL INDUSTRIALS | 516,807 | ||
INFORMATION TECHNOLOGY - 38.2% | |||
Communications Equipment - 0.1% | |||
Arista Networks, Inc. (a) | 18,000 | 4,239 | |
Electronic Equipment, Instruments & Components - 0.9% | |||
Amphenol Corp. Class A | 610,000 | 60,469 | |
IT Services - 0.6% | |||
Accenture PLC Class A | 107,400 | 37,688 | |
Gartner, Inc. (a) | 9,900 | 4,466 | |
42,154 | |||
Semiconductors & Semiconductor Equipment - 10.2% | |||
Analog Devices, Inc. | 267,000 | 53,016 | |
Broadcom, Inc. | 137,000 | 152,926 | |
KLA Corp. | 175,000 | 101,728 | |
Lam Research Corp. | 106,100 | 83,104 | |
NVIDIA Corp. | 521,900 | 258,455 | |
NXP Semiconductors NV | 27,777 | 6,380 | |
ON Semiconductor Corp. (a) | 523,000 | 43,686 | |
699,295 | |||
Software - 16.6% | |||
Adobe, Inc. (a) | 95,000 | 56,677 | |
Autodesk, Inc. (a) | 85,589 | 20,839 | |
Cadence Design Systems, Inc. (a) | 262,500 | 71,497 | |
Fortinet, Inc. (a) | 1,173,000 | 68,656 | |
Microsoft Corp. | 2,083,000 | 783,292 | |
Roper Technologies, Inc. | 66,000 | 35,981 | |
Salesforce, Inc. (a) | 248,800 | 65,469 | |
Synopsys, Inc. (a) | 61,000 | 31,410 | |
1,133,821 | |||
Technology Hardware, Storage & Peripherals - 9.8% | |||
Apple, Inc. | 3,456,100 | 665,403 | |
TOTAL INFORMATION TECHNOLOGY | 2,605,381 | ||
MATERIALS - 0.4% | |||
Metals & Mining - 0.4% | |||
Steel Dynamics, Inc. | 200,000 | 23,620 | |
TOTAL COMMON STOCKS (Cost $2,709,451) | 6,694,699 | ||
Money Market Funds - 1.8% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.40% (b) (Cost $119,319) | 119,297,058 | 119,321 | |
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $2,828,770) | 6,814,020 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | 2,076 |
NET ASSETS - 100.0% | 6,816,096 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | 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 5.40% | 155,558 | 678,666 | 714,903 | 2,820 | - | - | 119,321 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.40% | - | 45,131 | 45,131 | 12 | - | - | - | 0.0% |
Total | 155,558 | 723,797 | 760,034 | 2,832 | - | - | 119,321 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 757,171 | 757,171 | - | - |
Consumer Discretionary | 529,117 | 529,117 | - | - |
Consumer Staples | 274,918 | 274,918 | - | - |
Energy | 239,779 | 239,779 | - | - |
Financials | 752,144 | 752,144 | - | - |
Health Care | 995,762 | 995,762 | - | - |
Industrials | 516,807 | 516,807 | - | - |
Information Technology | 2,605,381 | 2,605,381 | - | - |
Materials | 23,620 | 23,620 | - | - |
Money Market Funds | 119,321 | 119,321 | - | - |
Total Investments in Securities: | 6,814,020 | 6,814,020 | - | - |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | December 31, 2023 (Unaudited) | |||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,709,451) | $ | 6,694,699 | ||
Fidelity Central Funds (cost $119,319) | 119,321 | |||
Total Investment in Securities (cost $2,828,770) | $ | 6,814,020 | ||
Receivable for investments sold | 3,637 | |||
Receivable for fund shares sold | 2,601 | |||
Dividends receivable | 7,021 | |||
Distributions receivable from Fidelity Central Funds | 495 | |||
Prepaid expenses | 6 | |||
Other receivables | 45 | |||
Total assets | 6,827,825 | |||
Liabilities | ||||
Payable to custodian bank | $ | 35 | ||
Payable for investments purchased | 5,381 | |||
Payable for fund shares redeemed | 3,715 | |||
Accrued management fee | 1,748 | |||
Transfer agent fee payable | 674 | |||
Other affiliated payables | 88 | |||
Other payables and accrued expenses | 88 | |||
Total Liabilities | 11,729 | |||
Net Assets | $ | 6,816,096 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,801,268 | ||
Total accumulated earnings (loss) | 4,014,828 | |||
Net Assets | $ | 6,816,096 | ||
Net Asset Value and Maximum Offering Price | ||||
Fidelity Fund : | ||||
Net Asset Value, offering price and redemption price per share ($6,557,161 ÷ 88,034 shares) | $ | 74.48 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($258,935 ÷ 3,476 shares)(a) | $ | 74.48 | ||
(a)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or shares. |
Statement of Operations | ||||
Amounts in thousands | Six months ended December 31, 2023 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 34,855 | ||
Income from Fidelity Central Funds (including $12 from security lending) | 2,832 | |||
Total Income | 37,687 | |||
Expenses | ||||
Management fee | $ | 10,029 | ||
Transfer agent fees | 3,891 | |||
Accounting fees | 511 | |||
Custodian fees and expenses | 26 | |||
Independent trustees' fees and expenses | 18 | |||
Registration fees | 43 | |||
Audit | 48 | |||
Legal | 17 | |||
Miscellaneous | 11 | |||
Total expenses before reductions | 14,594 | |||
Expense reductions | (234) | |||
Total expenses after reductions | 14,360 | |||
Net Investment income (loss) | 23,327 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 78,992 | |||
Redemptions in-kind | 35,976 | |||
Foreign currency transactions | 18 | |||
Total net realized gain (loss) | 114,986 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 444,405 | |||
Assets and liabilities in foreign currencies | (15) | |||
Total change in net unrealized appreciation (depreciation) | 444,390 | |||
Net gain (loss) | 559,376 | |||
Net increase (decrease) in net assets resulting from operations | $ | 582,703 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended December 31, 2023 (Unaudited) | Year ended June 30, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 23,327 | $ | 42,099 |
Net realized gain (loss) | 114,986 | 333,957 | ||
Change in net unrealized appreciation (depreciation) | 444,390 | 800,751 | ||
Net increase (decrease) in net assets resulting from operations | 582,703 | 1,176,807 | ||
Distributions to shareholders | (162,281) | (38,569) | ||
Share transactions - net increase (decrease) | 32,923 | (917,156) | ||
Total increase (decrease) in net assets | 453,345 | 221,082 | ||
Net Assets | ||||
Beginning of period | 6,362,751 | 6,141,669 | ||
End of period | $ | 6,816,096 | $ | 6,362,751 |
Fidelity® Fund |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 69.85 | $ | 58.06 | $ | 72.20 | $ | 54.21 | $ | 47.60 | $ | 46.86 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .26 | .44 | .25 | .28 | .39 | .46 | ||||||
Net realized and unrealized gain (loss) | 6.16 | 11.74 | (10.75) | 19.40 | 8.96 | 3.26 | ||||||
Total from investment operations | 6.42 | 12.18 | (10.50) | 19.68 | 9.35 | 3.72 | ||||||
Distributions from net investment income | (.49) | (.39) | (.21) | (.32) | (.42) | (.44) | ||||||
Distributions from net realized gain | (1.31) | - | (3.44) | (1.38) | (2.32) | (2.54) | ||||||
Total distributions | (1.79) C | (.39) | (3.64) C | (1.69) C | (2.74) | (2.98) | ||||||
Net asset value, end of period | $ | 74.48 | $ | 69.85 | $ | 58.06 | $ | 72.20 | $ | 54.21 | $ | 47.60 |
Total Return D,E | 9.29% | 21.06% | (15.60)% | 36.94% | 20.51% | 8.27% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .46% H | .46% | .45% | .47% | .48% | .50% | ||||||
Expenses net of fee waivers, if any | .45% H | .46% | .45% | .47% | .48% | .49% | ||||||
Expenses net of all reductions | .45% H | .46% | .45% | .46% | .48% | .49% | ||||||
Net investment income (loss) | .73% H | .71% | .35% | .44% | .79% | 1.01% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 6,557 | $ | 6,125 | $ | 5,468 | $ | 6,758 | $ | 4,402 | $ | 4,019 |
Portfolio turnover rate I | 35% H,J | 43% J | 39% | 34% K | 51% | 45% |
Fidelity® Fund Class K |
Six months ended (Unaudited) December 31, 2023 | Years ended June 30, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 69.88 | $ | 58.07 | $ | 72.21 | $ | 54.20 | $ | 47.60 | $ | 46.86 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .28 | .50 | .30 | .33 | .43 | .50 | ||||||
Net realized and unrealized gain (loss) | 6.17 | 11.74 | (10.74) | 19.41 | 8.96 | 3.26 | ||||||
Total from investment operations | 6.45 | 12.24 | (10.44) | 19.74 | 9.39 | 3.76 | ||||||
Distributions from net investment income | (.55) | (.43) | (.26) | (.35) | (.46) | (.48) | ||||||
Distributions from net realized gain | (1.31) | - | (3.44) | (1.38) | (2.32) | (2.54) | ||||||
Total distributions | (1.85) C | (.43) | (3.70) | (1.73) | (2.79) C | (3.02) | ||||||
Net asset value, end of period | $ | 74.48 | $ | 69.88 | $ | 58.07 | $ | 72.21 | $ | 54.20 | $ | 47.60 |
Total Return D,E | 9.33% | 21.18% | (15.54)% | 37.07% | 20.60% | 8.37% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .38% H | .38% | .38% | .39% | .40% | .40% | ||||||
Expenses net of fee waivers, if any | .37% H | .37% | .37% | .39% | .40% | .40% | ||||||
Expenses net of all reductions | .37% H | .37% | .37% | .38% | .39% | .40% | ||||||
Net investment income (loss) | .81% H | .79% | .43% | .52% | .87% | 1.10% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 259 | $ | 237 | $ | 674 | $ | 411 | $ | 522 | $ | 326 |
Portfolio turnover rate I | 35% H,J | 43% J | 39% | 34% K | 51% | 45% |
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 Fund | $32 |
Gross unrealized appreciation | $3,985,793 |
Gross unrealized depreciation | (2,586) |
Net unrealized appreciation (depreciation) | $3,983,207 |
Tax cost | $2,830,813 |
Purchases ($) | Sales ($) | |
Fidelity Fund | 1,109,959 | 1,104,021 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Fund | 775 | 35,976 | 56,759 | Fidelity Fund |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Fund | 1,769 | 115,227 | 121,521 | Fidelity Fund |
% of Class-Level Average Net Assets | |
Fidelity Fund | 0.1236 |
Amount | % of Class-Level Average Net AssetsA | |
Fidelity Fund | $3,840 | .12 |
Class K | 51 | .04 |
$3,891 |
% of Average Net Assets | |
Fidelity Fund | 0.0158 |
% of Average Net Assets | |
Fidelity Fund | .02 |
Maximum Management Fee Rate % | |
Fidelity Fund | .42 |
Class K | .34 |
Amount | |
Fidelity Fund | $ 3 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Fund | 57,303 | 15,803 | 460 |
Amount | |
Fidelity Fund | $5 |
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 Fund | $1 | $- | $- |
Six months ended December 31, 2023 | Year ended June 30, 2023 | |
Fidelity Fund | ||
Distributions to shareholders | ||
Fidelity Fund | $155,989 | $35,624 |
Class K | 6,292 | 2,945 |
Total | $162,281 | $38,569 |
Shares | Shares | Dollars | Dollars | |
Six months ended December 31, 2023 | Year ended June 30, 2023 | Six months ended December 31, 2023 | Year ended June 30, 2023 | |
Fidelity Fund | ||||
Fidelity Fund | ||||
Shares sold | 2,980 | 4,202 | $213,366 | $272,154 |
Reinvestment of distributions | 1,951 | 522 | 140,752 | 32,237 |
Shares redeemed | (4,591) | (11,210) | (326,950) | (706,252) |
Net increase (decrease) | 340 | (6,486) | $27,168 | $(401,861) |
Class K | ||||
Shares sold | 246 | 661 | $17,352 | $40,690 |
Reinvestment of distributions | 87 | 47 | 6,292 | 2,945 |
Shares redeemed | (253) | (8,917) | (17,889) | (558,930) |
Net increase (decrease) | 80 | (8,209) | $5,755 | $(515,295) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2023 to December 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2023 | Ending Account Value December 31, 2023 | Expenses Paid During Period- C July 1, 2023 to December 31, 2023 | |||||||
Fidelity® Fund | ||||||||||
Fidelity® Fund ** | .45% | |||||||||
Actual | $ 1,000 | $ 1,092.90 | $ 2.37 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.87 | $ 2.29 | |||||||
Class K ** | .37% | |||||||||
Actual | $ 1,000 | $ 1,093.30 | $ 1.95 | |||||||
Hypothetical-B | $ 1,000 | $ 1,023.28 | $ 1.88 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Fund | ||||||
Fidelity® Fund | .41% | |||||
Actual | $ 2.16 | |||||
Hypothetical- B | $ 2.08 | |||||
Class K | .33% | |||||
Actual | $ 1.74 | |||||
Hypothetical- B | $ 1.68 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
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 Hastings 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 Hastings 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 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 Hastings Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | February 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 | |
Date: | February 22, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | February 22, 2024 |