Quarterly Holdings Report
for
Fidelity® Enduring Opportunities Fund
July 31, 2023
IDF-NPRT3-0923
1.9896224.103
Common Stocks - 97.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 8.0% | |||
Diversified Telecommunication Services - 0.1% | |||
Elisa Corp. (A Shares) | 363 | 18,934 | |
Entertainment - 1.3% | |||
Netflix, Inc. (a) | 167 | 73,308 | |
Sea Ltd. ADR (a) | 418 | 27,805 | |
The Walt Disney Co. (a) | 684 | 60,801 | |
161,914 | |||
Interactive Media & Services - 6.3% | |||
Adevinta ASA Class B (a) | 2,741 | 20,270 | |
Alphabet, Inc.: | |||
Class A (a) | 1,489 | 197,620 | |
Class C (a) | 1,321 | 175,838 | |
Hemnet Group AB | 1,213 | 21,491 | |
Kakao Corp. | 572 | 22,966 | |
Match Group, Inc. (a) | 921 | 42,836 | |
Meta Platforms, Inc. Class A (a) | 545 | 173,637 | |
NAVER Corp. | 163 | 28,959 | |
Rightmove PLC | 2,316 | 16,954 | |
Tencent Holdings Ltd. | 1,645 | 75,606 | |
Z Holdings Corp. | 7,791 | 21,676 | |
797,853 | |||
Media - 0.3% | |||
S4 Capital PLC (a) | 11,328 | 15,352 | |
Schibsted ASA (A Shares) | 957 | 20,500 | |
35,852 | |||
TOTAL COMMUNICATION SERVICES | 1,014,553 | ||
CONSUMER DISCRETIONARY - 18.9% | |||
Automobile Components - 0.5% | |||
Aptiv PLC (a) | 318 | 34,818 | |
DENSO Corp. | 494 | 34,311 | |
69,129 | |||
Automobiles - 2.4% | |||
Ferrari NV (Italy) | 86 | 27,554 | |
Maruti Suzuki India Ltd. | 276 | 32,959 | |
Tesla, Inc. (a) | 695 | 185,864 | |
Toyota Motor Corp. | 3,312 | 55,687 | |
302,064 | |||
Broadline Retail - 3.0% | |||
Amazon.com, Inc. (a) | 2,042 | 272,975 | |
B&M European Value Retail SA | 4,042 | 28,696 | |
Dollarama, Inc. | 393 | 25,887 | |
MercadoLibre, Inc. (a) | 27 | 33,427 | |
Prosus NV | 295 | 23,362 | |
384,347 | |||
Hotels, Restaurants & Leisure - 4.3% | |||
Amadeus IT Holding SA Class A | 478 | 34,277 | |
Chipotle Mexican Grill, Inc. (a) | 28 | 54,944 | |
Churchill Downs, Inc. | 382 | 44,255 | |
Compass Group PLC | 1,165 | 30,311 | |
Domino's Pizza, Inc. | 95 | 37,690 | |
Doordash, Inc. (a) | 525 | 47,665 | |
Flutter Entertainment PLC (a) | 104 | 20,701 | |
Hilton Worldwide Holdings, Inc. | 335 | 52,089 | |
Jubilant Foodworks Ltd. | 4,048 | 23,553 | |
Oriental Land Co. Ltd. | 938 | 35,934 | |
Restaurant Brands Asia Ltd. (a) | 12,252 | 17,602 | |
Vail Resorts, Inc. | 131 | 30,849 | |
Wingstop, Inc. | 226 | 38,099 | |
Yum! Brands, Inc. | 311 | 42,815 | |
Zomato Ltd. (a) | 32,462 | 33,196 | |
543,980 | |||
Household Durables - 0.7% | |||
Berkeley Group Holdings PLC | 397 | 22,142 | |
Maytronics Ltd. | 1,154 | 15,738 | |
NVR, Inc. (a) | 7 | 44,145 | |
82,025 | |||
Leisure Products - 0.3% | |||
Roland Corp. | 647 | 18,419 | |
SHIMANO, Inc. | 129 | 19,444 | |
37,863 | |||
Specialty Retail - 4.9% | |||
Carvana Co. Class A (a) | 893 | 41,033 | |
Fast Retailing Co. Ltd. | 136 | 33,994 | |
Five Below, Inc. (a) | 211 | 43,960 | |
Floor & Decor Holdings, Inc. Class A (a) | 406 | 46,629 | |
Lowe's Companies, Inc. | 310 | 72,624 | |
National Vision Holdings, Inc. (a) | 744 | 16,093 | |
Nitori Holdings Co. Ltd. | 184 | 22,576 | |
The Home Depot, Inc. | 342 | 114,173 | |
TJX Companies, Inc. | 595 | 51,485 | |
Ulta Beauty, Inc. (a) | 99 | 44,035 | |
Warby Parker, Inc. (a) | 2,467 | 36,857 | |
Wayfair LLC Class A (a) | 635 | 49,447 | |
WH Smith PLC | 1,154 | 22,111 | |
Workman Co. Ltd. | 350 | 12,768 | |
ZOZO, Inc. | 833 | 16,231 | |
624,016 | |||
Textiles, Apparel & Luxury Goods - 2.8% | |||
adidas AG | 108 | 21,804 | |
Hermes International SCA | 16 | 35,474 | |
lululemon athletica, Inc. (a) | 192 | 72,678 | |
LVMH Moet Hennessy Louis Vuitton SE | 80 | 74,301 | |
Moncler SpA | 333 | 24,062 | |
NIKE, Inc. Class B | 482 | 53,208 | |
Prada SpA | 2,910 | 20,615 | |
PVH Corp. | 335 | 30,029 | |
Shenzhou International Group Holdings Ltd. | 1,715 | 18,043 | |
350,214 | |||
TOTAL CONSUMER DISCRETIONARY | 2,393,638 | ||
CONSUMER STAPLES - 6.2% | |||
Beverages - 1.3% | |||
Ambev SA | 9,275 | 29,147 | |
Davide Campari Milano NV | 1,556 | 20,923 | |
Kweichow Moutai Co. Ltd. (A Shares) | 115 | 30,278 | |
Monster Beverage Corp. | 782 | 44,957 | |
Pernod Ricard SA | 161 | 35,510 | |
160,815 | |||
Consumer Staples Distribution & Retail - 3.5% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 685 | 34,680 | |
Casey's General Stores, Inc. | 163 | 41,184 | |
Clicks Group Ltd. | 1,582 | 24,815 | |
Cosmos Pharmaceutical Corp. | 150 | 17,323 | |
Costco Wholesale Corp. | 167 | 93,632 | |
Ocado Group PLC (a) | 3,534 | 42,560 | |
Target Corp. | 297 | 40,532 | |
Wal-Mart de Mexico SA de CV Series V | 8,227 | 34,249 | |
Walmart, Inc. | 598 | 95,596 | |
Welcia Holdings Co. Ltd. | 782 | 14,709 | |
439,280 | |||
Food Products - 0.5% | |||
Freshpet, Inc. (a) | 464 | 34,123 | |
McCormick & Co., Inc. (non-vtg.) | 384 | 34,360 | |
68,483 | |||
Household Products - 0.2% | |||
Unicharm Corp. | 664 | 24,567 | |
Personal Care Products - 0.7% | |||
Hindustan Unilever Ltd. | 887 | 27,620 | |
L'Oreal SA | 97 | 45,135 | |
Shiseido Co. Ltd. | 471 | 20,626 | |
93,381 | |||
TOTAL CONSUMER STAPLES | 786,526 | ||
ENERGY - 2.0% | |||
Energy Equipment & Services - 0.5% | |||
Schlumberger Ltd. | 1,023 | 59,682 | |
Oil, Gas & Consumable Fuels - 1.5% | |||
Cheniere Energy, Inc. | 260 | 42,084 | |
Hess Corp. | 321 | 48,705 | |
Parkland Corp. | 761 | 20,782 | |
PrairieSky Royalty Ltd. | 2,270 | 45,119 | |
Reliance Industries Ltd. | 1,219 | 37,786 | |
194,476 | |||
TOTAL ENERGY | 254,158 | ||
FINANCIALS - 12.2% | |||
Banks - 3.0% | |||
Bank of America Corp. | 2,423 | 77,536 | |
Credicorp Ltd. (United States) | 244 | 38,320 | |
FinecoBank SpA | 1,536 | 23,838 | |
JPMorgan Chase & Co. | 919 | 145,165 | |
KBC Group NV | 396 | 29,805 | |
PNC Financial Services Group, Inc. | 268 | 36,687 | |
PT Bank Central Asia Tbk | 51,229 | 30,999 | |
382,350 | |||
Capital Markets - 3.5% | |||
Avanza Bank Holding AB | 742 | 16,798 | |
Banca Generali SpA | 585 | 21,921 | |
Bolsa Mexicana de Valores S.A.B. de CV | 13,232 | 28,052 | |
Brookfield Corp. (Canada) Class A | 823 | 28,728 | |
Charles Schwab Corp. | 798 | 52,748 | |
CME Group, Inc. | 208 | 41,384 | |
HUB24 Ltd. | 1,140 | 21,548 | |
Moody's Corp. | 120 | 42,330 | |
Morningstar, Inc. | 153 | 35,263 | |
Netwealth Group Ltd. | 1,886 | 19,205 | |
Nordnet AB | 1,221 | 18,118 | |
Partners Group Holding AG | 19 | 21,308 | |
S&P Global, Inc. | 147 | 57,993 | |
St. James's Place PLC | 1,362 | 16,430 | |
VZ Holding AG | 239 | 22,199 | |
444,025 | |||
Financial Services - 2.9% | |||
Adyen BV (a)(b) | 18 | 33,408 | |
Block, Inc. Class A (a) | 511 | 41,151 | |
Edenred SA | 403 | 26,178 | |
Fiserv, Inc. (a) | 411 | 51,872 | |
Flywire Corp. (a) | 1,283 | 43,802 | |
Jio Financial Services Ltd. (c) | 1,219 | 3,881 | |
Toast, Inc. (a) | 1,858 | 41,006 | |
Visa, Inc. Class A | 466 | 110,782 | |
Zenkoku Hosho Co. Ltd. | 657 | 23,040 | |
375,120 | |||
Insurance - 2.8% | |||
American Financial Group, Inc. | 313 | 38,064 | |
Arthur J. Gallagher & Co. | 279 | 59,929 | |
Assurant, Inc. | 230 | 30,937 | |
Chubb Ltd. | 267 | 54,577 | |
Globe Life, Inc. | 301 | 33,763 | |
Hannover Reuck SE | 136 | 29,032 | |
Qualitas Controladora S.A.B. de CV | 5,255 | 38,673 | |
Steadfast Group Ltd. | 5,820 | 22,791 | |
The Travelers Companies, Inc. | 251 | 43,325 | |
351,091 | |||
TOTAL FINANCIALS | 1,552,586 | ||
HEALTH CARE - 7.8% | |||
Biotechnology - 0.4% | |||
Repligen Corp. (a) | 159 | 27,278 | |
Zai Lab Ltd. (a) | 7,076 | 21,638 | |
48,916 | |||
Health Care Equipment & Supplies - 3.7% | |||
Align Technology, Inc. (a) | 128 | 48,370 | |
Boston Scientific Corp. (a) | 1,044 | 54,131 | |
Coloplast A/S Series B | 165 | 20,509 | |
Fisher & Paykel Healthcare Corp. | 1,258 | 19,198 | |
Hoya Corp. | 264 | 30,675 | |
IDEXX Laboratories, Inc. (a) | 80 | 44,378 | |
Inspire Medical Systems, Inc. (a) | 153 | 44,035 | |
Intuitive Surgical, Inc. (a) | 164 | 53,202 | |
Masimo Corp. (a) | 248 | 30,330 | |
ResMed, Inc. | 172 | 38,244 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 486 | 20,140 | |
Straumann Holding AG | 184 | 30,415 | |
The Cooper Companies, Inc. | 109 | 42,647 | |
476,274 | |||
Health Care Providers & Services - 1.8% | |||
Apollo Hospitals Enterprise Ltd. | 437 | 27,490 | |
Humana, Inc. | 103 | 47,053 | |
Surgery Partners, Inc. (a) | 870 | 33,608 | |
UnitedHealth Group, Inc. | 245 | 124,061 | |
232,212 | |||
Health Care Technology - 0.3% | |||
Veeva Systems, Inc. Class A (a) | 159 | 32,471 | |
Life Sciences Tools & Services - 1.6% | |||
10X Genomics, Inc. (a) | 545 | 34,324 | |
Danaher Corp. | 232 | 59,174 | |
Lonza Group AG | 45 | 26,070 | |
Sartorius Stedim Biotech | 66 | 20,645 | |
West Pharmaceutical Services, Inc. | 131 | 48,213 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 3,155 | 17,840 | |
206,266 | |||
TOTAL HEALTH CARE | 996,139 | ||
INDUSTRIALS - 14.5% | |||
Aerospace & Defense - 1.1% | |||
HEICO Corp. | 218 | 38,364 | |
INVISIO AB | 1,159 | 24,113 | |
Northrop Grumman Corp. | 109 | 48,505 | |
Safran SA | 207 | 34,365 | |
145,347 | |||
Air Freight & Logistics - 1.1% | |||
C.H. Robinson Worldwide, Inc. | 429 | 42,977 | |
DHL Group | 698 | 35,855 | |
DSV A/S | 145 | 29,033 | |
ZTO Express, Inc. sponsored ADR | 919 | 25,548 | |
133,413 | |||
Building Products - 0.8% | |||
ASSA ABLOY AB (B Shares) | 1,195 | 28,731 | |
Carel Industries SpA (b) | 722 | 20,680 | |
Kingspan Group PLC (Ireland) | 315 | 25,283 | |
Reliance Worldwide Corp. Ltd. | 7,856 | 22,268 | |
96,962 | |||
Commercial Services & Supplies - 1.3% | |||
Casella Waste Systems, Inc. Class A (a) | 439 | 35,423 | |
Cintas Corp. | 81 | 40,665 | |
Copart, Inc. (a) | 591 | 52,238 | |
GFL Environmental, Inc. | 625 | 21,343 | |
Waste Connections, Inc. (Canada) | 135 | 19,066 | |
168,735 | |||
Construction & Engineering - 0.1% | |||
Sweco AB (B Shares) | 1,610 | 16,580 | |
Electrical Equipment - 1.3% | |||
AMETEK, Inc. | 283 | 44,884 | |
Eaton Corp. PLC | 258 | 52,973 | |
Generac Holdings, Inc. (a) | 296 | 45,495 | |
Nidec Corp. | 346 | 20,665 | |
164,017 | |||
Ground Transportation - 0.9% | |||
Localiza Rent a Car SA | 2,219 | 31,543 | |
Old Dominion Freight Lines, Inc. | 149 | 62,504 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 7,033 | 17,758 | |
111,805 | |||
Industrial Conglomerates - 0.9% | |||
General Electric Co. | 547 | 62,489 | |
Honeywell International, Inc. | 284 | 55,133 | |
117,622 | |||
Machinery - 2.2% | |||
Atlas Copco AB (A Shares) | 2,207 | 31,352 | |
Fortive Corp. | 553 | 43,328 | |
IDEX Corp. | 167 | 37,710 | |
Indutrade AB | 942 | 19,768 | |
Japan Steel Works Ltd. | 966 | 20,065 | |
Minebea Mitsumi, Inc. | 935 | 17,272 | |
Misumi Group, Inc. | 855 | 15,593 | |
Miura Co. Ltd. | 820 | 20,646 | |
Rational AG | 22 | 16,461 | |
SMC Corp. | 48 | 25,018 | |
Tocalo Co. Ltd. | 1,606 | 16,301 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 4,467 | 17,417 | |
280,931 | |||
Marine Transportation - 0.2% | |||
SITC International Holdings Co. Ltd. | 8,782 | 19,143 | |
Passenger Airlines - 0.2% | |||
Ryanair Holdings PLC sponsored ADR (a) | 221 | 22,659 | |
Professional Services - 3.3% | |||
BayCurrent Consulting, Inc. | 540 | 17,415 | |
Centre Testing International Group Co. Ltd. (A Shares) | 4,438 | 12,489 | |
Ceridian HCM Holding, Inc. (a) | 583 | 41,282 | |
Equifax, Inc. | 191 | 38,979 | |
Experian PLC | 845 | 32,656 | |
Funai Soken Holdings, Inc. | 852 | 15,781 | |
Headhunter Group PLC ADR (a)(c) | 622 | 1,693 | |
Paycom Software, Inc. | 116 | 42,776 | |
Recruit Holdings Co. Ltd. | 866 | 29,995 | |
RELX PLC (London Stock Exchange) | 1,213 | 40,826 | |
Sporton International, Inc. | 3,398 | 25,955 | |
Thomson Reuters Corp. | 225 | 30,372 | |
TriNet Group, Inc. (a) | 414 | 43,565 | |
Verisk Analytics, Inc. | 194 | 44,414 | |
418,198 | |||
Trading Companies & Distributors - 1.1% | |||
AddTech AB (B Shares) | 979 | 18,247 | |
Ashtead Group PLC | 461 | 34,089 | |
Azelis Group NV | 826 | 21,342 | |
Ferguson PLC | 284 | 45,900 | |
IMCD NV | 158 | 23,965 | |
143,543 | |||
TOTAL INDUSTRIALS | 1,838,955 | ||
INFORMATION TECHNOLOGY - 18.9% | |||
Electronic Equipment, Instruments & Components - 1.8% | |||
Amphenol Corp. Class A | 525 | 46,363 | |
Azbil Corp. | 666 | 20,973 | |
CDW Corp. | 222 | 41,530 | |
Keyence Corp. | 81 | 36,302 | |
Lagercrantz Group AB (B Shares) | 2,284 | 27,491 | |
Murata Manufacturing Co. Ltd. | 476 | 28,275 | |
Teledyne Technologies, Inc. (a) | 87 | 33,454 | |
234,388 | |||
IT Services - 2.2% | |||
Cloudflare, Inc. (a) | 615 | 42,294 | |
FDM Group Holdings PLC | 1,642 | 11,506 | |
Kainos Group PLC | 981 | 16,492 | |
Nagarro SE (a) | 139 | 13,174 | |
Reply SpA | 122 | 13,226 | |
SHIFT, Inc. (a) | 109 | 25,744 | |
Shopify, Inc. Class A (a) | 364 | 24,599 | |
Softcat PLC | 1,081 | 20,810 | |
Tata Consultancy Services Ltd. | 838 | 34,864 | |
Twilio, Inc. Class A (a) | 497 | 32,817 | |
VeriSign, Inc. (a) | 190 | 40,081 | |
275,607 | |||
Semiconductors & Semiconductor Equipment - 4.0% | |||
Advantest Corp. | 173 | 23,743 | |
ASM International NV (Netherlands) | 58 | 27,597 | |
ASML Holding NV (Netherlands) | 108 | 77,357 | |
BE Semiconductor Industries NV | 189 | 22,578 | |
Disco Corp. | 134 | 25,189 | |
eMemory Technology, Inc. | 499 | 29,399 | |
Monolithic Power Systems, Inc. | 88 | 49,235 | |
Silergy Corp. | 930 | 9,747 | |
Silicon Laboratories, Inc. (a) | 339 | 50,558 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 6,320 | 113,908 | |
Teradyne, Inc. | 344 | 38,851 | |
Tokyo Electron Ltd. | 269 | 40,373 | |
508,535 | |||
Software - 10.6% | |||
Adobe, Inc. (a) | 182 | 99,403 | |
ANSYS, Inc. (a) | 120 | 41,052 | |
Atlassian Corp. PLC (a) | 143 | 26,017 | |
ATOSS Software AG | 90 | 21,869 | |
Bill Holdings, Inc. (a) | 409 | 51,264 | |
Black Knight, Inc. (a) | 545 | 38,324 | |
Confluent, Inc. (a) | 1,110 | 38,339 | |
Constellation Software, Inc. | 17 | 35,917 | |
Dassault Systemes SA | 727 | 31,082 | |
Fortnox AB | 3,520 | 21,615 | |
HubSpot, Inc. (a) | 98 | 56,894 | |
Microsoft Corp. | 1,451 | 487,419 | |
Money Forward, Inc. (a) | 614 | 26,513 | |
Procore Technologies, Inc. (a) | 589 | 44,676 | |
Roper Technologies, Inc. | 86 | 42,402 | |
Salesforce, Inc. (a) | 368 | 82,804 | |
SAP SE | 331 | 45,152 | |
ServiceNow, Inc. (a) | 88 | 51,304 | |
Synopsys, Inc. (a) | 142 | 64,156 | |
Workday, Inc. Class A (a) | 180 | 42,683 | |
1,348,885 | |||
Technology Hardware, Storage & Peripherals - 0.3% | |||
Seagate Technology Holdings PLC | 595 | 37,783 | |
TOTAL INFORMATION TECHNOLOGY | 2,405,198 | ||
MATERIALS - 3.9% | |||
Chemicals - 2.3% | |||
Air Products & Chemicals, Inc. | 151 | 46,105 | |
Ecolab, Inc. | 222 | 40,657 | |
Givaudan SA | 8 | 26,962 | |
Linde PLC | 159 | 62,117 | |
NOF Corp. | 431 | 18,574 | |
Shin-Etsu Chemical Co. Ltd. | 1,085 | 35,745 | |
Sika AG | 119 | 36,940 | |
Symrise AG | 185 | 20,208 | |
287,308 | |||
Construction Materials - 0.8% | |||
Martin Marietta Materials, Inc. | 113 | 50,450 | |
Vulcan Materials Co. | 234 | 51,597 | |
102,047 | |||
Metals & Mining - 0.8% | |||
First Quantum Minerals Ltd. | 931 | 27,613 | |
Freeport-McMoRan, Inc. | 1,130 | 50,455 | |
Press Metal Aluminium Holdings | 19,537 | 21,838 | |
99,906 | |||
TOTAL MATERIALS | 489,261 | ||
REAL ESTATE - 4.3% | |||
Equity Real Estate Investment Trusts (REITs) - 2.8% | |||
American Tower Corp. | 255 | 48,529 | |
Big Yellow Group PLC | 1,115 | 15,354 | |
Embassy Office Parks (REIT) | 6,240 | 23,672 | |
Equinix, Inc. | 63 | 51,025 | |
Equity Lifestyle Properties, Inc. | 517 | 36,800 | |
Extra Space Storage, Inc. | 210 | 29,310 | |
National Storage REIT unit | 15,614 | 24,332 | |
Prologis (REIT), Inc. | 385 | 48,029 | |
Safestore Holdings PLC | 1,505 | 17,113 | |
Segro PLC | 1,591 | 15,579 | |
Sun Communities, Inc. | 238 | 31,011 | |
Warehouses de Pauw | 525 | 15,516 | |
356,270 | |||
Real Estate Management & Development - 1.5% | |||
Ayala Land, Inc. | 36,338 | 18,129 | |
CBRE Group, Inc. (a) | 438 | 36,490 | |
Colliers International Group, Inc. | 176 | 17,820 | |
CoStar Group, Inc. (a) | 489 | 41,061 | |
Grainger Trust PLC | 6,615 | 21,376 | |
Katitas Co. Ltd. | 926 | 17,001 | |
Oberoi Realty Ltd. | 2,580 | 35,122 | |
186,999 | |||
TOTAL REAL ESTATE | 543,269 | ||
UTILITIES - 1.0% | |||
Electric Utilities - 0.8% | |||
Constellation Energy Corp. | 424 | 40,980 | |
NextEra Energy, Inc. | 839 | 61,499 | |
102,479 | |||
Gas Utilities - 0.2% | |||
Nippon Gas Co. Ltd. | 1,244 | 18,310 | |
TOTAL UTILITIES | 120,789 | ||
TOTAL COMMON STOCKS (Cost $10,081,436) | 12,395,072 | ||
Nonconvertible Preferred Stocks - 0.5% | |||
Shares | Value ($) | ||
HEALTH CARE - 0.2% | |||
Life Sciences Tools & Services - 0.2% | |||
Sartorius AG (non-vtg.) | 63 | 25,996 | |
INDUSTRIALS - 0.3% | |||
Passenger Airlines - 0.3% | |||
Azul SA (a) | 8,842 | 33,096 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $35,426) | 59,092 | ||
Money Market Funds - 1.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.32% (d) (Cost $133,743) | 133,716 | 133,743 | |
TOTAL INVESTMENT IN SECURITIES - 99.2% (Cost $10,250,605) | 12,587,907 |
NET OTHER ASSETS (LIABILITIES) - 0.8% | 104,346 |
NET ASSETS - 100.0% | 12,692,253 |
Legend
(a) | Non-income producing |
(b) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $71,928 or 0.6% of net assets. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.32% | - | 1,333,516 | 1,199,773 | 3,335 | - | - | 133,743 | 0.0% |
Total | - | 1,333,516 | 1,199,773 | 3,335 | - | - | 133,743 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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