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 811-00649
Fidelity Puritan 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: | July 31 |
Date of reporting period: | January 31, 2024 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Wells Fargo & Co. | 2.0 | |
Sprouts Farmers Market LLC | 1.8 | |
Seagate Technology Holdings PLC | 1.6 | |
PG&E Corp. | 1.5 | |
Cigna Group | 1.2 | |
Elevance Health, Inc. | 1.2 | |
UnitedHealth Group, Inc. | 1.2 | |
Centene Corp. | 1.2 | |
Ovintiv, Inc. | 1.2 | |
Discover Financial Services | 1.1 | |
14.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 19.1 | |
Industrials | 18.7 | |
Information Technology | 14.4 | |
Consumer Discretionary | 13.0 | |
Health Care | 10.9 | |
Energy | 7.8 | |
Materials | 6.9 | |
Consumer Staples | 4.1 | |
Communication Services | 2.0 | |
Utilities | 1.5 | |
Real Estate | 0.9 | |
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 - 99.3% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.0% | |||
Entertainment - 0.4% | |||
International Games Systems Co. Ltd. | 117,000 | 3,095,959 | |
Warner Bros Discovery, Inc. (a) | 894,700 | 8,964,894 | |
12,060,853 | |||
Interactive Media & Services - 0.4% | |||
Cars.com, Inc. (a) | 645,100 | 11,244,093 | |
Media - 1.2% | |||
Comcast Corp. Class A | 286,000 | 13,310,440 | |
Nexstar Media Group, Inc. Class A | 40,600 | 7,215,026 | |
Pico Far East Holdings Ltd. | 10,600,000 | 2,049,364 | |
Reach PLC | 2,397,800 | 1,876,417 | |
Thryv Holdings, Inc. (a) | 366,200 | 7,485,128 | |
31,936,375 | |||
TOTAL COMMUNICATION SERVICES | 55,241,321 | ||
CONSUMER DISCRETIONARY - 13.0% | |||
Automobile Components - 2.7% | |||
Adient PLC (a) | 728,300 | 25,279,293 | |
Brembo SpA | 25,000 | 309,080 | |
Cie Automotive SA | 274,100 | 7,257,387 | |
DaikyoNishikawa Corp. | 303,553 | 1,519,048 | |
Lear Corp. | 109,900 | 14,605,710 | |
Patrick Industries, Inc. | 273,100 | 27,416,509 | |
76,387,027 | |||
Automobiles - 0.7% | |||
General Motors Co. | 201,200 | 7,806,560 | |
Harley-Davidson, Inc. | 362,900 | 11,776,105 | |
19,582,665 | |||
Broadline Retail - 1.2% | |||
B&M European Value Retail SA | 1,040,400 | 6,837,735 | |
Big Lots, Inc. (b) | 406,500 | 2,333,310 | |
Europris ASA (c) | 616,426 | 4,627,334 | |
Kohl's Corp. (b) | 121,300 | 3,124,688 | |
Macy's, Inc. (b) | 163,500 | 2,990,415 | |
Next PLC | 124,600 | 13,371,445 | |
33,284,927 | |||
Distributors - 0.1% | |||
Autohellas SA | 237,000 | 3,432,087 | |
Diversified Consumer Services - 0.4% | |||
H&R Block, Inc. | 244,100 | 11,433,644 | |
ME Group International PLC | 357,100 | 574,742 | |
12,008,386 | |||
Hotels, Restaurants & Leisure - 0.4% | |||
Brinker International, Inc. (a) | 229,100 | 9,803,189 | |
Household Durables - 1.7% | |||
Ace Bed Co. Ltd. | 64,537 | 1,231,851 | |
D.R. Horton, Inc. | 36,000 | 5,144,760 | |
Helen of Troy Ltd. (a)(b) | 202,400 | 23,174,800 | |
Tempur Sealy International, Inc. | 246,600 | 12,302,874 | |
TopBuild Corp. (a) | 18,600 | 6,865,818 | |
48,720,103 | |||
Leisure Products - 0.2% | |||
Brunswick Corp. | 69,600 | 5,615,328 | |
Specialty Retail - 3.6% | |||
Academy Sports & Outdoors, Inc. | 160,600 | 10,074,438 | |
Arcland Sakamoto Co. Ltd. | 525,000 | 6,012,053 | |
AutoZone, Inc. (a) | 4,700 | 12,982,011 | |
Dick's Sporting Goods, Inc. | 153,600 | 22,897,152 | |
Foot Locker, Inc. | 222,513 | 6,265,966 | |
JD Sports Fashion PLC | 4,406,900 | 6,537,084 | |
Jumbo SA | 184,600 | 5,186,928 | |
Maisons du Monde SA (c) | 240,700 | 1,163,277 | |
Mr. Bricolage SA (a) | 144,948 | 1,268,827 | |
Sally Beauty Holdings, Inc. (a) | 718,500 | 8,851,920 | |
Sportsman's Warehouse Holdings, Inc. (a)(b) | 289,100 | 1,113,035 | |
The Hour Glass Ltd. | 1,753,400 | 1,983,780 | |
Valvoline, Inc. (a) | 233,300 | 8,513,117 | |
Williams-Sonoma, Inc. (b) | 45,300 | 8,760,567 | |
101,610,155 | |||
Textiles, Apparel & Luxury Goods - 2.0% | |||
Best Pacific International Holdings Ltd. | 7,833,068 | 1,078,780 | |
Crocs, Inc. (a) | 66,500 | 6,748,420 | |
Kontoor Brands, Inc. (b) | 291,500 | 17,087,730 | |
Levi Strauss & Co. Class A (b) | 684,300 | 11,140,404 | |
PVH Corp. | 128,200 | 15,417,332 | |
Wolverine World Wide, Inc. | 754,600 | 6,308,456 | |
57,781,122 | |||
TOTAL CONSUMER DISCRETIONARY | 368,224,989 | ||
CONSUMER STAPLES - 4.1% | |||
Beverages - 0.0% | |||
Jinro Distillers Co. Ltd. | 47,274 | 548,982 | |
Consumer Staples Distribution & Retail - 3.3% | |||
Acomo NV | 207,900 | 3,945,337 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 239,200 | 14,016,271 | |
BJ's Wholesale Club Holdings, Inc. (a) | 307,500 | 19,784,550 | |
MARR SpA | 377,200 | 4,598,180 | |
Sprouts Farmers Market LLC (a)(b) | 1,023,100 | 51,533,547 | |
93,877,885 | |||
Food Products - 0.4% | |||
Armanino Foods of Distinction (b) | 136,328 | 658,464 | |
Lamb Weston Holdings, Inc. | 73,800 | 7,560,072 | |
LDC SA | 8,650 | 1,238,617 | |
S Foods, Inc. | 68,100 | 1,531,357 | |
10,988,510 | |||
Household Products - 0.0% | |||
Transaction Co. Ltd. | 32,500 | 543,395 | |
Personal Care Products - 0.4% | |||
Sarantis SA | 1,069,084 | 10,144,053 | |
TOTAL CONSUMER STAPLES | 116,102,825 | ||
ENERGY - 7.8% | |||
Energy Equipment & Services - 0.1% | |||
Cactus, Inc. | 14,300 | 606,892 | |
Vallourec SA (a) | 37,400 | 538,976 | |
1,145,868 | |||
Oil, Gas & Consumable Fuels - 7.7% | |||
Antero Resources Corp. (a) | 1,416,500 | 31,644,610 | |
Chord Energy Corp. | 183,500 | 28,214,960 | |
Civitas Resources, Inc. (b) | 198,408 | 12,858,822 | |
Diamondback Energy, Inc. | 192,500 | 29,594,950 | |
Enterprise Products Partners LP | 334,000 | 8,937,840 | |
Northern Oil & Gas, Inc. | 239,500 | 8,023,250 | |
Ovintiv, Inc. | 793,300 | 33,651,786 | |
Range Resources Corp. | 1,111,700 | 32,283,768 | |
Southwestern Energy Co. (a) | 3,004,100 | 19,376,445 | |
TotalEnergies SE sponsored ADR | 201,083 | 13,106,590 | |
Unit Corp. | 9,900 | 394,515 | |
218,087,536 | |||
TOTAL ENERGY | 219,233,404 | ||
FINANCIALS - 19.1% | |||
Banks - 9.1% | |||
ACNB Corp. | 17,500 | 683,025 | |
Associated Banc-Corp. | 993,100 | 20,865,031 | |
Bar Harbor Bankshares | 183,272 | 4,821,886 | |
Cadence Bank | 605,400 | 16,115,748 | |
Camden National Corp. (b) | 44,343 | 1,597,678 | |
Community Trust Bancorp, Inc. | 58,500 | 2,427,750 | |
East West Bancorp, Inc. | 113,100 | 8,234,811 | |
First Bancorp, Puerto Rico | 499,300 | 8,328,324 | |
First Foundation, Inc. | 98,200 | 934,864 | |
FNB Corp., Pennsylvania | 910,900 | 12,005,662 | |
Greene County Bancorp, Inc. (b) | 195,500 | 4,887,500 | |
KeyCorp | 300,900 | 4,372,077 | |
Nicolet Bankshares, Inc. | 79,800 | 6,206,046 | |
Plumas Bancorp | 133,092 | 4,695,486 | |
QCR Holdings, Inc. | 237,500 | 13,872,375 | |
Southern Missouri Bancorp, Inc. | 148,300 | 6,467,363 | |
Synovus Financial Corp. | 426,000 | 16,043,160 | |
U.S. Bancorp | 274,800 | 11,415,192 | |
United Community Bank, Inc. | 557,400 | 15,239,316 | |
Washington Trust Bancorp, Inc. | 168,900 | 4,697,109 | |
Webster Financial Corp. | 363,500 | 17,985,980 | |
Wells Fargo & Co. | 1,148,100 | 57,611,660 | |
West Bancorp., Inc. (b) | 252,500 | 4,749,525 | |
Wintrust Financial Corp. | 124,900 | 12,112,802 | |
256,370,370 | |||
Capital Markets - 3.1% | |||
AllianceBernstein Holding LP | 274,100 | 9,196,055 | |
Federated Hermes, Inc. | 380,500 | 13,302,280 | |
Lazard, Inc. Class A | 477,600 | 18,616,848 | |
LPL Financial | 44,900 | 10,739,631 | |
Raymond James Financial, Inc. | 222,200 | 24,481,996 | |
Stifel Financial Corp. | 144,900 | 10,570,455 | |
Van Lanschot Kempen NV (Bearer) | 24,700 | 746,077 | |
87,653,342 | |||
Consumer Finance - 1.6% | |||
Aeon Credit Service (Asia) Co. Ltd. | 4,561,940 | 3,138,536 | |
Discover Financial Services | 308,432 | 32,545,745 | |
OneMain Holdings, Inc. | 218,700 | 10,410,120 | |
46,094,401 | |||
Financial Services - 1.1% | |||
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 42,000 | 7,824,180 | |
FleetCor Technologies, Inc. (a) | 73,700 | 21,367,841 | |
Zenkoku Hosho Co. Ltd. | 42,500 | 1,581,571 | |
30,773,592 | |||
Insurance - 4.2% | |||
American Financial Group, Inc. | 95,400 | 11,486,160 | |
ASR Nederland NV | 106,100 | 5,011,888 | |
First American Financial Corp. | 102,400 | 6,179,840 | |
Hartford Financial Services Group, Inc. | 49,500 | 4,304,520 | |
NN Group NV | 134,358 | 5,507,096 | |
Primerica, Inc. | 41,000 | 9,600,560 | |
Reinsurance Group of America, Inc. | 178,100 | 30,969,809 | |
Selective Insurance Group, Inc. | 148,500 | 15,571,710 | |
Stewart Information Services Corp. | 84,300 | 5,197,938 | |
Talanx AG | 62,700 | 4,407,781 | |
Unum Group | 394,000 | 19,045,960 | |
117,283,262 | |||
TOTAL FINANCIALS | 538,174,967 | ||
HEALTH CARE - 10.9% | |||
Biotechnology - 1.2% | |||
Gilead Sciences, Inc. | 279,900 | 21,904,974 | |
United Therapeutics Corp. (a) | 48,100 | 10,330,918 | |
32,235,892 | |||
Health Care Equipment & Supplies - 0.3% | |||
Dentsply Sirona, Inc. | 197,300 | 6,856,175 | |
InBody Co. Ltd. | 27,900 | 517,552 | |
Value Added Technology Co. Ltd. | 55,500 | 1,330,900 | |
8,704,627 | |||
Health Care Providers & Services - 8.5% | |||
Centene Corp. (a) | 450,800 | 33,949,748 | |
Cigna Group | 117,500 | 35,361,625 | |
CVS Health Corp. | 106,000 | 7,883,220 | |
Elevance Health, Inc. | 70,900 | 34,984,896 | |
Henry Schein, Inc. (a) | 112,000 | 8,382,080 | |
Humana, Inc. | 53,500 | 20,226,210 | |
Laboratory Corp. of America Holdings | 87,500 | 19,451,250 | |
Quest Diagnostics, Inc. | 82,600 | 10,608,318 | |
Sinopharm Group Co. Ltd. (H Shares) | 3,877,437 | 10,195,662 | |
UnitedHealth Group, Inc. | 67,900 | 34,747,146 | |
Universal Health Services, Inc. Class B | 154,800 | 24,583,788 | |
240,373,943 | |||
Life Sciences Tools & Services - 0.6% | |||
ICON PLC (a) | 65,500 | 17,086,985 | |
Pharmaceuticals - 0.3% | |||
Genomma Lab Internacional SA de CV | 1,947,600 | 1,597,775 | |
Jazz Pharmaceuticals PLC (a) | 37,500 | 4,602,000 | |
Sanofi SA | 18,500 | 1,852,692 | |
8,052,467 | |||
TOTAL HEALTH CARE | 306,453,914 | ||
INDUSTRIALS - 18.7% | |||
Aerospace & Defense - 1.6% | |||
Cadre Holdings, Inc. (b) | 668,800 | 22,732,512 | |
Huntington Ingalls Industries, Inc. | 78,300 | 20,273,436 | |
Leonardo DRS, Inc. (a) | 88,400 | 1,715,844 | |
44,721,792 | |||
Air Freight & Logistics - 0.2% | |||
Compania de Distribucion Integral Logista Holdings SA | 124,500 | 3,530,517 | |
Hamakyorex Co. Ltd. | 95,200 | 2,650,762 | |
6,181,279 | |||
Building Products - 1.1% | |||
Builders FirstSource, Inc. (a) | 59,400 | 10,319,562 | |
Euro Ceramics Ltd. (a)(d) | 5,000 | 63 | |
Hayward Holdings, Inc. (a) | 1,353,752 | 16,948,975 | |
Janus International Group, Inc. (a) | 240,600 | 3,404,490 | |
30,673,090 | |||
Commercial Services & Supplies - 0.8% | |||
Civeo Corp. | 192,958 | 4,283,668 | |
CoreCivic, Inc. (a) | 278,700 | 3,963,114 | |
VSE Corp. (b) | 225,600 | 14,012,016 | |
22,258,798 | |||
Construction & Engineering - 0.7% | |||
Boustead Singapore Ltd. | 1,438,300 | 931,285 | |
Bowman Consulting Group Ltd. (a) | 79,500 | 2,497,095 | |
EMCOR Group, Inc. | 74,000 | 16,880,140 | |
20,308,520 | |||
Electrical Equipment - 1.6% | |||
Acuity Brands, Inc. | 105,800 | 25,197,328 | |
AQ Group AB | 187,304 | 9,791,179 | |
GrafTech International Ltd. | 1,824,800 | 2,426,984 | |
nVent Electric PLC | 129,400 | 7,769,176 | |
45,184,667 | |||
Ground Transportation - 0.3% | |||
Stef SA | 65,760 | 8,599,087 | |
Universal Logistics Holdings, Inc. | 25,157 | 767,792 | |
9,366,879 | |||
Machinery - 3.3% | |||
Crane Co. | 147,500 | 18,306,225 | |
Daiwa Industries Ltd. | 598,600 | 6,385,292 | |
EnPro Industries, Inc. | 50,100 | 7,483,938 | |
ESAB Corp. | 90,300 | 7,764,897 | |
Estic Corp. | 45,790 | 286,436 | |
Hillenbrand, Inc. | 386,600 | 18,003,962 | |
Hy-Lok Corp. | 17,000 | 316,583 | |
ITT, Inc. | 148,800 | 17,972,064 | |
JOST Werke AG (c) | 113,400 | 5,484,174 | |
Miller Industries, Inc. | 24,600 | 990,150 | |
Timken Co. | 73,600 | 6,028,576 | |
TK Group Holdings Ltd. | 11,880,838 | 2,049,681 | |
Tocalo Co. Ltd. | 149,700 | 1,592,380 | |
92,664,358 | |||
Passenger Airlines - 0.3% | |||
Jet2 PLC | 423,316 | 7,167,217 | |
Professional Services - 4.6% | |||
Altech Corp. | 35,953 | 700,114 | |
Barrett Business Services, Inc. | 42,300 | 4,749,021 | |
CACI International, Inc. Class A (a) | 73,500 | 25,264,155 | |
Concentrix Corp. | 170,000 | 15,107,900 | |
E-Credible Co. Ltd. | 62,400 | 614,438 | |
Genpact Ltd. | 645,700 | 23,180,630 | |
KBR, Inc. | 383,700 | 19,994,607 | |
Maximus, Inc. | 159,300 | 12,922,416 | |
Quick Co. Ltd. | 93,627 | 1,662,942 | |
Science Applications International Corp. | 66,800 | 8,527,688 | |
Verra Mobility Corp. (a) | 717,200 | 17,148,252 | |
Will Group, Inc. | 102,800 | 842,478 | |
130,714,641 | |||
Trading Companies & Distributors - 4.2% | |||
AerCap Holdings NV (a) | 70,400 | 5,389,824 | |
Alligo AB (B Shares) | 357,987 | 4,554,538 | |
Beacon Roofing Supply, Inc. (a) | 202,600 | 16,793,514 | |
Core & Main, Inc. (a) | 334,600 | 13,822,326 | |
Ferguson PLC | 92,600 | 17,395,836 | |
Global Industrial Co. | 129,096 | 5,490,453 | |
Itochu Corp. | 224,100 | 10,170,582 | |
Mitani Shoji Co. Ltd. | 1,847,000 | 24,686,202 | |
Momentum Group Komponenter & Tjanster AB | 450,000 | 5,902,476 | |
Rush Enterprises, Inc. Class A | 307,050 | 13,789,616 | |
Totech Corp. | 21,881 | 823,534 | |
118,818,901 | |||
TOTAL INDUSTRIALS | 528,060,142 | ||
INFORMATION TECHNOLOGY - 14.4% | |||
Electronic Equipment, Instruments & Components - 6.9% | |||
Advanced Energy Industries, Inc. | 226,600 | 23,607,188 | |
Belden, Inc. | 122,200 | 9,064,796 | |
CDW Corp. | 115,100 | 26,095,472 | |
Crane Nxt Co. (b) | 367,500 | 21,417,900 | |
Daido Signal Co. Ltd. | 149,168 | 428,008 | |
Flex Ltd. (a) | 641,500 | 15,229,210 | |
Insight Enterprises, Inc. (a) | 152,400 | 28,154,376 | |
Jabil, Inc. | 107,100 | 13,418,559 | |
Kingboard Chemical Holdings Ltd. | 1,955,000 | 3,479,716 | |
Methode Electronics, Inc. Class A | 441,200 | 9,159,312 | |
Redington (India) Ltd. | 739,442 | 1,599,346 | |
Riken Keiki Co. Ltd. | 25,400 | 1,254,930 | |
TD SYNNEX Corp. | 226,150 | 22,610,477 | |
Vontier Corp. | 457,800 | 15,835,302 | |
VSTECS Holdings Ltd. | 5,276,100 | 2,842,984 | |
194,197,576 | |||
IT Services - 2.3% | |||
Amdocs Ltd. | 261,600 | 23,983,488 | |
Cognizant Technology Solutions Corp. Class A | 394,000 | 30,385,280 | |
Sopra Steria Group | 36,600 | 8,614,778 | |
TDC Soft, Inc. | 146,707 | 2,268,961 | |
65,252,507 | |||
Semiconductors & Semiconductor Equipment - 2.3% | |||
Micron Technology, Inc. | 240,000 | 20,580,000 | |
MKS Instruments, Inc. | 216,900 | 23,089,005 | |
Renesas Electronics Corp. (a) | 515,400 | 8,456,470 | |
Skyworks Solutions, Inc. | 130,300 | 13,611,138 | |
65,736,613 | |||
Software - 0.1% | |||
Cresco Ltd. | 105,600 | 1,369,278 | |
System Research Co. Ltd. | 93,800 | 1,897,514 | |
3,266,792 | |||
Technology Hardware, Storage & Peripherals - 2.8% | |||
Dell Technologies, Inc. | 370,900 | 30,740,192 | |
MCJ Co. Ltd. | 366,800 | 3,075,768 | |
Seagate Technology Holdings PLC | 534,200 | 45,770,256 | |
79,586,216 | |||
TOTAL INFORMATION TECHNOLOGY | 408,039,704 | ||
MATERIALS - 6.9% | |||
Chemicals - 4.4% | |||
Axalta Coating Systems Ltd. (a) | 621,700 | 20,155,514 | |
C. Uyemura & Co. Ltd. | 86,800 | 6,586,797 | |
Celanese Corp. Class A | 97,900 | 14,321,791 | |
EcoGreen International Group Ltd. (a)(d) | 1,000,000 | 60,758 | |
Element Solutions, Inc. | 647,400 | 14,391,702 | |
Huntsman Corp. | 667,000 | 16,368,180 | |
LyondellBasell Industries NV Class A | 315,000 | 29,647,800 | |
Soulbrain Co. Ltd. | 29,800 | 6,008,905 | |
Tronox Holdings PLC | 1,220,900 | 16,836,211 | |
124,377,658 | |||
Construction Materials - 1.3% | |||
Eagle Materials, Inc. | 88,300 | 19,980,524 | |
RHI Magnesita NV | 139,500 | 5,947,160 | |
Wienerberger AG | 308,400 | 10,491,902 | |
36,419,586 | |||
Containers & Packaging - 0.9% | |||
Mayr-Melnhof Karton AG | 47,300 | 6,256,734 | |
Packaging Corp. of America | 86,700 | 14,381,796 | |
Silgan Holdings, Inc. | 82,700 | 3,799,238 | |
24,437,768 | |||
Metals & Mining - 0.3% | |||
Warrior Metropolitan Coal, Inc. | 139,400 | 8,945,298 | |
TOTAL MATERIALS | 194,180,310 | ||
REAL ESTATE - 0.9% | |||
Real Estate Management & Development - 0.9% | |||
Jones Lang LaSalle, Inc. (a) | 151,200 | 26,771,472 | |
UTILITIES - 1.5% | |||
Electric Utilities - 1.5% | |||
PG&E Corp. | 2,593,600 | 43,754,032 | |
TOTAL COMMON STOCKS (Cost $2,166,784,611) | 2,804,237,080 | ||
Money Market Funds - 2.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) | 23,295,375 | 23,300,035 | |
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f) | 53,535,697 | 53,541,051 | |
TOTAL MONEY MARKET FUNDS (Cost $76,841,086) | 76,841,086 | ||
TOTAL INVESTMENT IN SECURITIES - 102.0% (Cost $2,243,625,697) | 2,881,078,166 |
NET OTHER ASSETS (LIABILITIES) - (2.0)% | (57,873,372) |
NET ASSETS - 100.0% | 2,823,204,794 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | 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 $11,274,785 or 0.4% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 34,456,604 | 244,496,022 | 255,652,591 | 1,108,713 | - | - | 23,300,035 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 108,612,743 | 504,586,896 | 559,658,588 | 65,050 | - | - | 53,541,051 | 0.2% |
Total | 143,069,347 | 749,082,918 | 815,311,179 | 1,173,763 | - | - | 76,841,086 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 55,241,321 | 50,095,998 | 5,145,323 | - |
Consumer Discretionary | 368,224,989 | 356,399,477 | 11,825,512 | - |
Consumer Staples | 116,102,825 | 113,479,091 | 2,623,734 | - |
Energy | 219,233,404 | 219,233,404 | - | - |
Financials | 538,174,967 | 527,947,764 | 10,227,203 | - |
Health Care | 306,453,914 | 292,557,108 | 13,896,806 | - |
Industrials | 528,060,142 | 474,347,370 | 53,712,709 | 63 |
Information Technology | 408,039,704 | 381,366,729 | 26,672,975 | - |
Materials | 194,180,310 | 181,523,850 | 12,595,702 | 60,758 |
Real Estate | 26,771,472 | 26,771,472 | - | - |
Utilities | 43,754,032 | 43,754,032 | - | - |
Money Market Funds | 76,841,086 | 76,841,086 | - | - |
Total Investments in Securities: | 2,881,078,166 | 2,744,317,381 | 136,699,964 | 60,821 |
Statement of Assets and Liabilities | ||||
January 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $50,701,032) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,166,784,611) | $ | 2,804,237,080 | ||
Fidelity Central Funds (cost $76,841,086) | 76,841,086 | |||
Total Investment in Securities (cost $2,243,625,697) | $ | 2,881,078,166 | ||
Cash | 8,343 | |||
Foreign currency held at value (cost $29,334) | 29,073 | |||
Receivable for investments sold | 77,053 | |||
Receivable for fund shares sold | 2,223,686 | |||
Dividends receivable | 1,009,525 | |||
Reclaims receivable | 3,122,573 | |||
Distributions receivable from Fidelity Central Funds | 110,453 | |||
Receivable from investment adviser for expense reductions | 1,032 | |||
Other receivables | 473,939 | |||
Total assets | 2,888,133,843 | |||
Liabilities | ||||
Payable for investments purchased | $ | 4,399,298 | ||
Payable for fund shares redeemed | 6,755,890 | |||
Other payables and accrued expenses | 260,386 | |||
Collateral on securities loaned | 53,513,475 | |||
Total Liabilities | 64,929,049 | |||
Net Assets | $ | 2,823,204,794 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,162,907,759 | ||
Total accumulated earnings (loss) | 660,297,035 | |||
Net Assets | $ | 2,823,204,794 | ||
Net Asset Value, offering price and redemption price per share ($2,823,204,794 ÷ 263,669,638 shares) | $ | 10.71 |
Statement of Operations | ||||
Six months ended January 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 25,242,085 | ||
Interest | 3,311 | |||
Income from Fidelity Central Funds (including $65,050 from security lending) | 1,173,763 | |||
Total Income | 26,419,159 | |||
Expenses | ||||
Custodian fees and expenses | $ | 74,308 | ||
Independent trustees' fees and expenses | 7,867 | |||
Total expenses before reductions | 82,175 | |||
Expense reductions | (34,320) | |||
Total expenses after reductions | 47,855 | |||
Net Investment income (loss) | 26,371,304 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 63,599,598 | |||
Foreign currency transactions | (366,942) | |||
Total net realized gain (loss) | 63,232,656 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $2,347) | 61,361,190 | |||
Assets and liabilities in foreign currencies | 576,681 | |||
Total change in net unrealized appreciation (depreciation) | 61,937,871 | |||
Net gain (loss) | 125,170,527 | |||
Net increase (decrease) in net assets resulting from operations | $ | 151,541,831 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2024 (Unaudited) | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 26,371,304 | $ | 89,543,971 |
Net realized gain (loss) | 63,232,656 | 1,963,949,684 | ||
Change in net unrealized appreciation (depreciation) | 61,937,871 | (1,711,411,416) | ||
Net increase (decrease) in net assets resulting from operations | 151,541,831 | 342,082,239 | ||
Distributions to shareholders | (581,084,973) | (2,290,889,691) | ||
Share transactions | ||||
Proceeds from sales of shares | 207,415,382 | 367,791,224 | ||
Reinvestment of distributions | 581,084,973 | 2,290,889,691 | ||
Cost of shares redeemed | (307,502,996) | (5,559,972,706) | ||
Net increase (decrease) in net assets resulting from share transactions | 480,997,359 | (2,901,291,791) | ||
Total increase (decrease) in net assets | 51,454,217 | (4,850,099,243) | ||
Net Assets | ||||
Beginning of period | 2,771,750,577 | 7,621,849,820 | ||
End of period | $ | 2,823,204,794 | $ | 2,771,750,577 |
Other Information | ||||
Shares | ||||
Sold | 19,938,640 | 28,466,662 | ||
Issued in reinvestment of distributions | 58,411,695 | 172,732,746 | ||
Redeemed | (29,055,126) | (391,811,728) | ||
Net increase (decrease) | 49,295,209 | (190,612,320) | ||
Fidelity® Series Intrinsic Opportunities Fund |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.93 | $ | 18.82 | $ | 22.41 | $ | 15.29 | $ | 16.42 | $ | 18.79 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .31 | .40 | .40 | .38 | .44 | ||||||
Net realized and unrealized gain (loss) | .34 | 1.30 | (.31) | 7.49 | (.65) | (1.37) | ||||||
Total from investment operations | .44 | 1.61 | .09 | 7.89 | (.27) | (.93) | ||||||
Distributions from net investment income | (.26) | (.35) | (.51) | (.44) | (.45) | (.42) | ||||||
Distributions from net realized gain | (2.40) | (7.15) | (3.17) | (.33) | (.40) | (1.02) | ||||||
Total distributions | (2.66) | (7.50) | (3.68) | (.77) | (.86) C | (1.44) | ||||||
Net asset value, end of period | $ | 10.71 | $ | 12.93 | $ | 18.82 | $ | 22.41 | $ | 15.29 | $ | 16.42 |
Total Return D,E | 5.44% | 13.61% | .18% | 53.18% | (1.89)% | (5.13)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | -% H,I | -% I | -% I | -% I | .01% | .01% | ||||||
Expenses net of all reductions | -% H,I | -% I | -% I | -% I | .01% | .01% | ||||||
Net investment income (loss) | 1.95% H | 2.29% | 1.99% | 2.08% | 2.46% | 2.61% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,823,205 | $ | 2,771,751 | $ | 7,621,850 | $ | 13,891,352 | $ | 11,787,708 | $ | 13,589,092 |
Portfolio turnover rate J | 18% H | 35% | 18% | 10% | 19% | 27% |
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 | $778,219,235 |
Gross unrealized depreciation | (151,880,250) |
Net unrealized appreciation (depreciation) | $626,338,985 |
Tax cost | $2,254,739,181 |
Purchases ($) | Sales ($) | |
Fidelity Series Intrinsic Opportunities Fund | 236,404,620 | 290,062,169 |
Amount | |
Fidelity Series Intrinsic Opportunities Fund | $5,641 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Intrinsic Opportunities Fund | 17,773,964 | 30,881,466 | 6,230,533 |
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 Intrinsic Opportunities Fund | $6,530 | $113 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2023 to January 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2023 | Ending Account Value January 31, 2024 | Expenses Paid During Period- C August 1, 2023 to January 31, 2024 | |||||||
Fidelity® Series Intrinsic Opportunities Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 1,054.40 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.14 | $-E | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 4.1 | |
Berkshire Hathaway, Inc. Class B | 3.9 | |
JPMorgan Chase & Co. | 3.5 | |
Comcast Corp. Class A | 3.3 | |
Chubb Ltd. | 2.9 | |
Cigna Group | 2.7 | |
The Travelers Companies, Inc. | 2.6 | |
Bank of America Corp. | 2.4 | |
Centene Corp. | 2.4 | |
PG&E Corp. | 2.2 | |
30.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.5 | |
Health Care | 16.8 | |
Consumer Staples | 12.9 | |
Utilities | 9.1 | |
Industrials | 8.6 | |
Energy | 8.1 | |
Information Technology | 7.1 | |
Communication Services | 5.2 | |
Consumer Discretionary | 2.9 | |
Materials | 2.1 | |
Real Estate | 1.0 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.2% | |||
Entertainment - 1.9% | |||
The Walt Disney Co. | 558,500 | 53,643,925 | |
Media - 3.3% | |||
Comcast Corp. Class A | 2,024,730 | 94,230,934 | |
TOTAL COMMUNICATION SERVICES | 147,874,859 | ||
CONSUMER DISCRETIONARY - 2.9% | |||
Diversified Consumer Services - 1.9% | |||
H&R Block, Inc. | 1,160,962 | 54,379,460 | |
Specialty Retail - 1.0% | |||
Ross Stores, Inc. | 198,640 | 27,865,219 | |
TOTAL CONSUMER DISCRETIONARY | 82,244,679 | ||
CONSUMER STAPLES - 12.9% | |||
Beverages - 3.0% | |||
Coca-Cola European Partners PLC | 339,939 | 23,421,797 | |
Diageo PLC | 197,600 | 7,136,889 | |
Keurig Dr. Pepper, Inc. | 658,400 | 20,700,096 | |
The Coca-Cola Co. | 559,700 | 33,296,553 | |
84,555,335 | |||
Consumer Staples Distribution & Retail - 1.4% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 230,000 | 14,798,200 | |
U.S. Foods Holding Corp. (a) | 560,760 | 25,800,568 | |
40,598,768 | |||
Food Products - 3.1% | |||
Lamb Weston Holdings, Inc. | 123,500 | 12,651,340 | |
Mondelez International, Inc. | 726,061 | 54,650,611 | |
Tyson Foods, Inc. Class A | 348,229 | 19,069,020 | |
86,370,971 | |||
Household Products - 2.5% | |||
Procter & Gamble Co. | 257,434 | 40,453,179 | |
Reckitt Benckiser Group PLC | 195,763 | 14,153,838 | |
The Clorox Co. | 117,668 | 17,091,277 | |
71,698,294 | |||
Personal Care Products - 2.9% | |||
Haleon PLC | 4,707,300 | 19,119,949 | |
Kenvue, Inc. | 2,319,904 | 48,161,207 | |
Unilever PLC sponsored ADR | 321,979 | 15,677,158 | |
82,958,314 | |||
TOTAL CONSUMER STAPLES | 366,181,682 | ||
ENERGY - 8.1% | |||
Oil, Gas & Consumable Fuels - 8.1% | |||
Antero Resources Corp. (a) | 514,696 | 11,498,309 | |
ConocoPhillips Co. | 53,539 | 5,989,408 | |
Equinor ASA sponsored ADR | 635,488 | 18,219,441 | |
Exxon Mobil Corp. | 1,123,241 | 115,480,407 | |
Occidental Petroleum Corp. | 336,901 | 19,395,391 | |
Ovintiv, Inc. | 380,651 | 16,147,215 | |
Parex Resources, Inc. (b) | 1,211,508 | 20,058,885 | |
Shell PLC ADR | 360,800 | 22,697,928 | |
229,486,984 | |||
FINANCIALS - 23.5% | |||
Banks - 10.2% | |||
Bank of America Corp. | 2,014,490 | 68,512,805 | |
Cullen/Frost Bankers, Inc. | 66,891 | 7,098,473 | |
JPMorgan Chase & Co. | 574,670 | 100,199,461 | |
M&T Bank Corp. | 130,577 | 18,032,684 | |
PNC Financial Services Group, Inc. | 172,596 | 26,098,241 | |
U.S. Bancorp | 372,300 | 15,465,342 | |
Wells Fargo & Co. | 1,093,989 | 54,896,368 | |
290,303,374 | |||
Capital Markets - 2.9% | |||
Affiliated Managers Group, Inc. | 116,212 | 17,296,994 | |
BlackRock, Inc. Class A | 62,183 | 48,148,919 | |
Northern Trust Corp. | 187,724 | 14,950,339 | |
80,396,252 | |||
Financial Services - 3.9% | |||
Berkshire Hathaway, Inc. Class B (a) | 290,592 | 111,511,774 | |
Insurance - 6.5% | |||
Chubb Ltd. | 332,246 | 81,400,270 | |
The Travelers Companies, Inc. | 353,806 | 74,780,436 | |
Willis Towers Watson PLC | 116,899 | 28,792,224 | |
184,972,930 | |||
TOTAL FINANCIALS | 667,184,330 | ||
HEALTH CARE - 16.8% | |||
Health Care Providers & Services - 9.4% | |||
Centene Corp. (a) | 907,090 | 68,312,948 | |
Cigna Group | 249,491 | 75,084,316 | |
CVS Health Corp. | 524,000 | 38,969,880 | |
Elevance Health, Inc. | 76,477 | 37,736,811 | |
UnitedHealth Group, Inc. | 89,620 | 45,862,139 | |
265,966,094 | |||
Pharmaceuticals - 7.4% | |||
AstraZeneca PLC sponsored ADR | 630,514 | 42,017,453 | |
Bristol-Myers Squibb Co. | 963,485 | 47,085,512 | |
Johnson & Johnson | 303,308 | 48,195,641 | |
Roche Holding AG (participation certificate) | 120,604 | 34,337,931 | |
Sanofi SA sponsored ADR | 797,551 | 39,797,795 | |
211,434,332 | |||
TOTAL HEALTH CARE | 477,400,426 | ||
INDUSTRIALS - 8.6% | |||
Aerospace & Defense - 3.7% | |||
Airbus Group NV | 105,604 | 16,821,227 | |
L3Harris Technologies, Inc. | 108,326 | 22,577,305 | |
Lockheed Martin Corp. | 56,685 | 24,341,106 | |
Northrop Grumman Corp. | 89,264 | 39,879,585 | |
103,619,223 | |||
Air Freight & Logistics - 0.5% | |||
DHL Group | 302,895 | 14,573,116 | |
Electrical Equipment - 0.5% | |||
Eaton Corp. PLC | 38,368 | 9,441,597 | |
Regal Rexnord Corp. | 45,506 | 6,073,231 | |
15,514,828 | |||
Industrial Conglomerates - 1.0% | |||
Siemens AG | 165,177 | 29,570,628 | |
Machinery - 2.3% | |||
Deere & Co. | 101,400 | 39,909,012 | |
Oshkosh Corp. | 26,090 | 2,872,509 | |
Pentair PLC | 294,455 | 21,545,272 | |
64,326,793 | |||
Professional Services - 0.6% | |||
Maximus, Inc. | 215,011 | 17,441,692 | |
TOTAL INDUSTRIALS | 245,046,280 | ||
INFORMATION TECHNOLOGY - 5.9% | |||
Communications Equipment - 2.1% | |||
Cisco Systems, Inc. | 1,226,756 | 61,558,616 | |
IT Services - 2.4% | |||
Amdocs Ltd. | 386,304 | 35,416,351 | |
Capgemini SA | 75,636 | 16,936,492 | |
Cognizant Technology Solutions Corp. Class A | 204,215 | 15,749,061 | |
68,101,904 | |||
Software - 1.4% | |||
Gen Digital, Inc. | 1,012,282 | 23,768,381 | |
Open Text Corp. (b) | 354,518 | 15,460,530 | |
39,228,911 | |||
TOTAL INFORMATION TECHNOLOGY | 168,889,431 | ||
MATERIALS - 2.1% | |||
Chemicals - 1.3% | |||
CF Industries Holdings, Inc. | 261,200 | 19,723,212 | |
Nutrien Ltd. | 331,100 | 16,511,957 | |
36,235,169 | |||
Containers & Packaging - 0.6% | |||
Crown Holdings, Inc. | 184,400 | 16,319,400 | |
Metals & Mining - 0.2% | |||
Newmont Corp. | 211,030 | 7,282,645 | |
TOTAL MATERIALS | 59,837,214 | ||
REAL ESTATE - 1.0% | |||
Equity Real Estate Investment Trusts (REITs) - 0.6% | |||
Crown Castle, Inc. | 165,900 | 17,958,675 | |
Real Estate Management & Development - 0.4% | |||
CBRE Group, Inc. (a) | 111,731 | 9,643,503 | |
TOTAL REAL ESTATE | 27,602,178 | ||
UTILITIES - 9.1% | |||
Electric Utilities - 5.9% | |||
Constellation Energy Corp. | 269,450 | 32,872,900 | |
Edison International | 495,133 | 33,411,575 | |
NextEra Energy, Inc. | 233,981 | 13,718,306 | |
PG&E Corp. | 3,708,803 | 62,567,507 | |
Southern Co. | 344,246 | 23,931,982 | |
166,502,270 | |||
Independent Power and Renewable Electricity Producers - 0.5% | |||
The AES Corp. | 778,431 | 12,984,229 | |
Multi-Utilities - 2.7% | |||
Dominion Energy, Inc. | 562,552 | 25,719,877 | |
National Grid PLC | 1,420,800 | 18,923,784 | |
Sempra | 462,800 | 33,117,968 | |
77,761,629 | |||
TOTAL UTILITIES | 257,248,128 | ||
TOTAL COMMON STOCKS (Cost $2,172,105,035) | 2,728,996,191 | ||
Nonconvertible Preferred Stocks - 1.2% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 1.2% | |||
Technology Hardware, Storage & Peripherals - 1.2% | |||
Samsung Electronics Co. Ltd. (Cost $32,439,498) | 792,210 | 34,664,215 | |
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) | 54,254,090 | 54,264,941 | |
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d) | 2,951,705 | 2,952,000 | |
TOTAL MONEY MARKET FUNDS (Cost $57,216,941) | 57,216,941 | ||
TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $2,261,761,474) | 2,820,877,347 |
NET OTHER ASSETS (LIABILITIES) - 0.7% | 20,199,737 |
NET ASSETS - 100.0% | 2,841,077,084 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.39% | 43,166,966 | 292,082,227 | 280,984,252 | 1,458,964 | - | - | 54,264,941 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 21,052,883 | 83,712,002 | 101,812,885 | 303,310 | - | - | 2,952,000 | 0.0% |
Total | 64,219,849 | 375,794,229 | 382,797,137 | 1,762,274 | - | - | 57,216,941 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 147,874,859 | 147,874,859 | - | - |
Consumer Discretionary | 82,244,679 | 82,244,679 | - | - |
Consumer Staples | 366,181,682 | 325,771,006 | 40,410,676 | - |
Energy | 229,486,984 | 229,486,984 | - | - |
Financials | 667,184,330 | 667,184,330 | - | - |
Health Care | 477,400,426 | 443,062,495 | 34,337,931 | - |
Industrials | 245,046,280 | 198,654,425 | 46,391,855 | - |
Information Technology | 203,553,646 | 168,889,431 | 34,664,215 | - |
Materials | 59,837,214 | 59,837,214 | - | - |
Real Estate | 27,602,178 | 27,602,178 | - | - |
Utilities | 257,248,128 | 238,324,344 | 18,923,784 | - |
Money Market Funds | 57,216,941 | 57,216,941 | - | - |
Total Investments in Securities: | 2,820,877,347 | 2,646,148,886 | 174,728,461 | - |
Statement of Assets and Liabilities | ||||
January 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,859,642) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,204,544,533) | $ | 2,763,660,406 | ||
Fidelity Central Funds (cost $57,216,941) | 57,216,941 | |||
Total Investment in Securities (cost $2,261,761,474) | $ | 2,820,877,347 | ||
Foreign currency held at value (cost $1,281) | 1,275 | |||
Receivable for investments sold | 11,548,621 | |||
Receivable for fund shares sold | 19,748,262 | |||
Dividends receivable | 2,053,167 | |||
Reclaims receivable | 1,750,465 | |||
Distributions receivable from Fidelity Central Funds | 159,627 | |||
Prepaid expenses | 2,426 | |||
Total assets | 2,856,141,190 | |||
Liabilities | ||||
Payable for investments purchased | $ | 9,181,421 | ||
Payable for fund shares redeemed | 1,395,259 | |||
Accrued management fee | 1,084,989 | |||
Other affiliated payables | 379,974 | |||
Other payables and accrued expenses | 70,463 | |||
Collateral on securities loaned | 2,952,000 | |||
Total Liabilities | 15,064,106 | |||
Net Assets | $ | 2,841,077,084 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,255,702,901 | ||
Total accumulated earnings (loss) | 585,374,183 | |||
Net Assets | $ | 2,841,077,084 | ||
Net Asset Value and Maximum Offering Price | ||||
Value Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($2,823,466,529 ÷ 80,540,184 shares) | $ | 35.06 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($17,610,555 ÷ 501,974 shares) | $ | 35.08 |
Statement of Operations | ||||
Six months ended January 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 31,700,244 | ||
Income from Fidelity Central Funds (including $303,310 from security lending) | 1,762,274 | |||
Total Income | 33,462,518 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 7,235,712 | ||
Performance adjustment | 62,135 | |||
Transfer agent fees | 1,887,329 | |||
Accounting fees | 360,206 | |||
Custodian fees and expenses | 43,162 | |||
Independent trustees' fees and expenses | 8,127 | |||
Registration fees | 59,056 | |||
Audit | 30,483 | |||
Legal | 4,298 | |||
Miscellaneous | 5,062 | |||
Total expenses before reductions | 9,695,570 | |||
Expense reductions | (119,640) | |||
Total expenses after reductions | 9,575,930 | |||
Net Investment income (loss) | 23,886,588 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 48,805,603 | |||
Foreign currency transactions | 35,134 | |||
Total net realized gain (loss) | 48,840,737 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (40,013,527) | |||
Assets and liabilities in foreign currencies | (51,671) | |||
Total change in net unrealized appreciation (depreciation) | (40,065,198) | |||
Net gain (loss) | 8,775,539 | |||
Net increase (decrease) in net assets resulting from operations | $ | 32,662,127 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2024 (Unaudited) | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 23,886,588 | $ | 39,500,806 |
Net realized gain (loss) | 48,840,737 | 105,614,232 | ||
Change in net unrealized appreciation (depreciation) | (40,065,198) | 15,435,014 | ||
Net increase (decrease) in net assets resulting from operations | 32,662,127 | 160,550,052 | ||
Distributions to shareholders | (147,607,805) | (133,719,223) | ||
Share transactions - net increase (decrease) | 26,914,327 | (52,772,440) | ||
Total increase (decrease) in net assets | (88,031,351) | (25,941,611) | ||
Net Assets | ||||
Beginning of period | 2,929,108,435 | 2,955,050,046 | ||
End of period | $ | 2,841,077,084 | $ | 2,929,108,435 |
Fidelity® Value Discovery Fund |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.46 | $ | 36.10 | $ | 37.95 | $ | 26.99 | $ | 28.85 | $ | 29.25 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .30 | .48 | .45 | .40 | .57 C | .54 | ||||||
Net realized and unrealized gain (loss) | .13 | 1.53 | (.48) | 10.98 | (1.53) | .22 | ||||||
Total from investment operations | .43 | 2.01 | (.03) | 11.38 | (.96) | .76 | ||||||
Distributions from net investment income | (.58) | (.44) | (.43) | (.42) | (.52) | (.57) | ||||||
Distributions from net realized gain | (1.26) | (1.21) | (1.40) | - | (.38) | (.59) | ||||||
Total distributions | (1.83) D | (1.65) | (1.82) D | (.42) | (.90) | (1.16) | ||||||
Net asset value, end of period | $ | 35.06 | $ | 36.46 | $ | 36.10 | $ | 37.95 | $ | 26.99 | $ | 28.85 |
Total Return E,F | 1.40% | 5.83% | (.21)% | 42.65% | (3.54)% | 2.86% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .70% I | .84% | .80% | .75% | .66% | .60% | ||||||
Expenses net of fee waivers, if any | .69% I | .83% | .80% | .75% | .66% | .60% | ||||||
Expenses net of all reductions | .69% I | .83% | .80% | .74% | .64% | .60% | ||||||
Net investment income (loss) | 1.72% I | 1.37% | 1.20% | 1.21% | 2.07% C | 1.95% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,823,467 | $ | 2,911,436 | $ | 2,895,400 | $ | 3,192,073 | $ | 1,788,146 | $ | 2,400,695 |
Portfolio turnover rate J | 24% I | 24% K | 34% K | 36% | 70% K | 48% |
Fidelity® Value Discovery Fund Class K |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.49 | $ | 36.13 | $ | 37.98 | $ | 27.01 | $ | 28.86 | $ | 29.28 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .51 | .49 | .44 | .60 C | .58 | ||||||
Net realized and unrealized gain (loss) | .14 | 1.54 | (.48) | 10.97 | (1.52) | .20 | ||||||
Total from investment operations | .45 | 2.05 | .01 | 11.41 | (.92) | .78 | ||||||
Distributions from net investment income | (.60) | (.47) | (.46) | (.44) | (.55) | (.61) | ||||||
Distributions from net realized gain | (1.26) | (1.21) | (1.40) | - | (.38) | (.59) | ||||||
Total distributions | (1.86) | (1.69) D | (1.86) | (.44) | (.93) | (1.20) | ||||||
Net asset value, end of period | $ | 35.08 | $ | 36.49 | $ | 36.13 | $ | 37.98 | $ | 27.01 | $ | 28.86 |
Total Return E,F | 1.45% | 5.92% | (.12)% | 42.76% | (3.40)% | 2.93% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .61% I | .75% | .70% | .65% | .56% | .49% | ||||||
Expenses net of fee waivers, if any | .60% I | .74% | .70% | .65% | .56% | .49% | ||||||
Expenses net of all reductions | .60% I | .74% | .70% | .65% | .54% | .48% | ||||||
Net investment income (loss) | 1.82% I | 1.47% | 1.30% | 1.30% | 2.17% C | 2.06% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,611 | $ | 17,672 | $ | 59,650 | $ | 87,856 | $ | 37,275 | $ | 55,768 |
Portfolio turnover rate J | 24% I | 24% K | 34% K | 36% | 70% K | 48% |
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 | $636,487,256 |
Gross unrealized depreciation | (80,000,562) |
Net unrealized appreciation (depreciation) | $556,486,694 |
Tax cost | $2,264,390,653 |
Purchases ($) | Sales ($) | |
Fidelity Value Discovery Fund | 333,163,019 | 395,032,503 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Value Discovery Fund | 928,278 | 8,848,380 | 30,615,682 | Class K |
% of Class-Level Average Net Assets | |
Value Discovery | .1362 |
Amount | % of Class-Level Average Net AssetsA | |
Value Discovery | $1,883,822 | .14 |
Class K | 3,507 | .04 |
$1,887,329 |
% of Average Net Assets | |
Fidelity Value Discovery Fund | .0259 |
% of Average Net Assets | |
Fidelity Value Discovery Fund | .03 |
Maximum Management Fee Rate % | |
Value Discovery | .65 |
Class K | .56 |
Performance Adjustment Index | |
Fidelity Value Discovery Fund | Russell 3000 Value Index |
Amount | |
Fidelity Value Discovery Fund | $5,159 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Value Discovery Fund | 20,642,561 | 66,863,256 | (1,080,222) |
Amount | |
Fidelity Value Discovery Fund | $2,221 |
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 Value Discovery Fund | $25,942 | $- | $- |
Six months ended January 31, 2024 | Year ended July 31, 2023 | |
Fidelity Value Discovery Fund | ||
Distributions to shareholders | ||
Value Discovery | $146,729,501 | $131,037,906 |
Class K | 878,304 | 2,681,317 |
Total | $147,607,805 | $133,719,223 |
Shares | Shares | Dollars | Dollars | |
Six months ended January 31, 2024 | Year ended July 31, 2023 | Six months ended January 31, 2024 | Year ended July 31, 2023 | |
Fidelity Value Discovery Fund | ||||
Value Discovery | ||||
Shares sold | 9,845,578 | 18,888,345 | $336,037,008 | $639,957,332 |
Reinvestment of distributions | 2,752,672 | 2,461,661 | 93,601,712 | 85,499,522 |
Shares redeemed | (11,910,841) | (21,696,074) | (403,298,079) | (739,316,686) |
Net increase (decrease) | 687,409 | (346,068) | $26,340,641 | $(13,859,832) |
Class K | ||||
Shares sold | 51,062 | 291,506 | $1,748,415 | $10,198,809 |
Reinvestment of distributions | 25,815 | 77,184 | 878,304 | 2,681,317 |
Shares redeemed | (59,176) | (1,535,242) | (2,053,033) | (51,792,734) |
Net increase (decrease) | 17,701 | (1,166,552) | $573,686 | $(38,912,608) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2023 to January 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2023 | Ending Account Value January 31, 2024 | Expenses Paid During Period- C August 1, 2023 to January 31, 2024 | |||||||
Fidelity® Value Discovery Fund | ||||||||||
Fidelity® Value Discovery Fund ** | .69% | |||||||||
Actual | $ 1,000 | $ 1,014.00 | $ 3.49 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.67 | $ 3.51 | |||||||
Class K ** | .60% | |||||||||
Actual | $ 1,000 | $ 1,014.50 | $ 3.04 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.12 | $ 3.05 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Value Discovery Fund | ||||||
Fidelity® Value Discovery Fund | .65% | |||||
Actual | $ 3.29 | |||||
Hypothetical- B | $ 3.30 | |||||
Class K | .57% | |||||
Actual | $ 2.89 | |||||
Hypothetical- B | $ 2.90 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Wells Fargo & Co. | 1.9 | |
Elevance Health, Inc. | 1.9 | |
Metro, Inc. | 1.6 | |
Seagate Technology Holdings PLC | 1.5 | |
UnitedHealth Group, Inc. | 1.5 | |
Next PLC | 1.5 | |
TotalEnergies SE sponsored ADR | 1.5 | |
PG&E Corp. | 1.4 | |
Reinsurance Group of America, Inc. | 1.1 | |
Unum Group | 1.1 | |
15.0 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 16.4 | |
Financials | 15.8 | |
Information Technology | 15.6 | |
Consumer Discretionary | 14.6 | |
Health Care | 11.6 | |
Energy | 8.9 | |
Consumer Staples | 6.6 | |
Materials | 5.4 | |
Utilities | 1.8 | |
Communication Services | 1.2 | |
Real Estate | 0.9 | |
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 - 98.8% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 1.2% | |||
Entertainment - 0.5% | |||
GungHo Online Entertainment, Inc. | 492,727 | 8,284 | |
International Games Systems Co. Ltd. | 1,720,706 | 45,532 | |
Warner Bros Discovery, Inc. (a) | 6,280,831 | 62,934 | |
116,750 | |||
Interactive Media & Services - 0.2% | |||
Cars.com, Inc. (a) | 3,126,546 | 54,496 | |
JOYY, Inc. ADR | 197,425 | 6,053 | |
New Work SE (b) | 33,441 | 2,233 | |
62,782 | |||
Media - 0.5% | |||
Comcast Corp. Class A | 1,903,663 | 88,596 | |
Intage Holdings, Inc. | 214,893 | 2,541 | |
Nexstar Media Group, Inc. Class A | 166,290 | 29,551 | |
Pico Far East Holdings Ltd. | 22,200,608 | 4,292 | |
Reach PLC | 5,430,826 | 4,250 | |
RKB Mainichi Broadcasting Corp. | 34,946 | 1,187 | |
Thryv Holdings, Inc. (a) | 441,100 | 9,016 | |
Trenders, Inc. (b) | 147,906 | 937 | |
140,370 | |||
TOTAL COMMUNICATION SERVICES | 319,902 | ||
CONSUMER DISCRETIONARY - 14.6% | |||
Automobile Components - 1.5% | |||
Adient PLC (a) | 892,790 | 30,989 | |
ASTI Corp. (c) | 195,675 | 4,160 | |
Brembo SpA | 1,080,064 | 13,353 | |
Cie Automotive SA | 1,350,453 | 35,756 | |
DaikyoNishikawa Corp. | 492,714 | 2,466 | |
Gentex Corp. | 591,693 | 19,603 | |
GUD Holdings Ltd. | 98,174 | 779 | |
Hi-Lex Corp. | 114,989 | 1,210 | |
LCI Industries (b) | 1,170,324 | 130,234 | |
Lear Corp. | 666,388 | 88,563 | |
Motonic Corp. (c) | 1,790,746 | 11,052 | |
Patrick Industries, Inc. | 175,019 | 17,570 | |
PT Selamat Sempurna Tbk | 50,116,600 | 6,364 | |
SNT Holdings Co. Ltd. (c) | 885,108 | 12,775 | |
Yutaka Giken Co. Ltd. (c) | 913,134 | 16,370 | |
391,244 | |||
Automobiles - 0.6% | |||
General Motors Co. | 1,481,769 | 57,493 | |
Harley-Davidson, Inc. | 2,115,795 | 68,658 | |
Isuzu Motors Ltd. | 1,203,224 | 16,418 | |
Kabe Husvagnar AB (B Shares) | 243,036 | 7,555 | |
150,124 | |||
Broadline Retail - 2.3% | |||
ASKUL Corp. | 2,935,385 | 39,677 | |
B&M European Value Retail SA | 8,047,241 | 52,888 | |
Belluna Co. Ltd. | 1,692,797 | 7,284 | |
Big Lots, Inc. (b) | 1,219,227 | 6,998 | |
Europris ASA (d) | 2,571,176 | 19,301 | |
Gwangju Shinsegae Co. Ltd. | 243,645 | 5,576 | |
Kohl's Corp. (b) | 1,172,468 | 30,203 | |
Macy's, Inc. (b) | 1,090,296 | 19,942 | |
Max Stock Ltd. | 1,357,697 | 2,769 | |
Next PLC | 3,661,956 | 392,983 | |
Rusta AB | 4,319,451 | 30,391 | |
Vipshop Holdings Ltd. ADR (a) | 986,309 | 15,672 | |
623,684 | |||
Distributors - 0.4% | |||
Arata Corp. | 1,180,488 | 26,202 | |
Autohellas SA | 183,956 | 2,664 | |
Central Automotive Products Ltd. | 301,531 | 9,952 | |
Inchcape PLC | 5,321,786 | 46,198 | |
PALTAC Corp. | 1,185,405 | 36,090 | |
121,106 | |||
Diversified Consumer Services - 0.3% | |||
Aucnet, Inc. | 162,220 | 2,326 | |
Cross-Harbour Holdings Ltd. | 2,248,914 | 2,140 | |
Frontdoor, Inc. (a) | 484,472 | 15,871 | |
Gakkyusha Co. Ltd. | 40,273 | 563 | |
H&R Block, Inc. | 1,082,110 | 50,686 | |
JP-Holdings, Inc. | 863,225 | 2,679 | |
ME Group International PLC | 6,532,086 | 10,513 | |
Step Co. Ltd. | 406,955 | 5,639 | |
90,417 | |||
Hotels, Restaurants & Leisure - 0.3% | |||
Betsson AB (B Shares) | 3,058,688 | 33,330 | |
Brinker International, Inc. (a) | 571,127 | 24,439 | |
Hollywood Bowl Group PLC | 222,900 | 845 | |
Ibersol SGPS SA | 1,180,710 | 8,524 | |
J.D. Wetherspoon PLC (a) | 1,570,348 | 16,717 | |
83,855 | |||
Household Durables - 3.3% | |||
Ace Bed Co. Ltd. | 33,326 | 636 | |
Barratt Developments PLC | 18,602,219 | 127,397 | |
Bellway PLC | 3,702,147 | 129,492 | |
Chervon Holdings Ltd. | 10,789,625 | 21,932 | |
Cuckoo Holdings Co. Ltd. | 508,128 | 6,029 | |
D.R. Horton, Inc. | 240,564 | 34,379 | |
Emak SpA | 3,151,984 | 3,583 | |
First Juken Co. Ltd. (b)(c) | 1,331,393 | 10,062 | |
FJ Next Co. Ltd. | 1,182,970 | 9,976 | |
Gree Electric Appliances, Inc. of Zhuhai (A Shares) | 8,158,037 | 40,188 | |
Helen of Troy Ltd. (a)(b)(c) | 1,399,044 | 160,191 | |
JM AB (B Shares) | 1,454,369 | 23,842 | |
Open House Group Co. Ltd. | 542,027 | 16,950 | |
Pressance Corp. | 2,496,188 | 28,234 | |
Tempur Sealy International, Inc. | 1,527,102 | 76,187 | |
Token Corp. | 236,687 | 15,178 | |
TopBuild Corp. (a) | 96,481 | 35,614 | |
Vistry Group PLC | 11,310,547 | 144,055 | |
ZAGG, Inc. rights (a)(e) | 448,847 | 0 | |
883,925 | |||
Leisure Products - 0.2% | |||
Brunswick Corp. | 498,305 | 40,203 | |
Miroku Corp. | 36,465 | 373 | |
Roland Corp. | 276,055 | 9,172 | |
49,748 | |||
Specialty Retail - 4.0% | |||
Academy Sports & Outdoors, Inc. | 580,034 | 36,386 | |
Arcland Sakamoto Co. Ltd. | 1,109,193 | 12,702 | |
AutoZone, Inc. (a) | 94,941 | 262,239 | |
BHG Group AB (a) | 4,347,817 | 7,115 | |
BMTC Group, Inc. (c) | 3,239,303 | 29,635 | |
Buffalo Co. Ltd. | 69,296 | 653 | |
Dick's Sporting Goods, Inc. | 511,248 | 76,212 | |
Foot Locker, Inc. | 2,173,204 | 61,197 | |
Formosa Optical Technology Co. Ltd. | 1,002,000 | 2,802 | |
Fuji Corp. | 495,158 | 5,950 | |
Goldlion Holdings Ltd. | 24,979,416 | 3,352 | |
Hamee Corp. | 616,681 | 4,541 | |
Handsman Co. Ltd. | 336,224 | 2,284 | |
IA Group Corp. (c) | 111,375 | 2,679 | |
JD Sports Fashion PLC | 36,762,904 | 54,533 | |
Jumbo SA (c) | 7,014,027 | 197,082 | |
K's Holdings Corp. | 552,274 | 5,019 | |
Kid ASA (d) | 51,148 | 654 | |
Ku Holdings Co. Ltd. | 840,179 | 6,756 | |
Leon's Furniture Ltd. | 305,554 | 4,836 | |
Maisons du Monde SA (d) | 841,165 | 4,065 | |
Mr. Bricolage SA (a) | 818,317 | 7,163 | |
Nafco Co. Ltd. (c) | 1,844,830 | 27,960 | |
Papyless Co. Ltd. | 60,663 | 380 | |
Pendragon PLC (a) | 12,706,886 | 5,854 | |
Pets At Home Group PLC | 1,911,847 | 6,789 | |
Ross Stores, Inc. | 382,525 | 53,661 | |
Sally Beauty Holdings, Inc. (a)(c) | 8,232,470 | 101,424 | |
Sportsman's Warehouse Holdings, Inc. (a)(b)(c) | 2,815,961 | 10,841 | |
Syuppin Co. Ltd. | 296,082 | 2,087 | |
The Hour Glass Ltd. | 1,837,179 | 2,079 | |
Valvoline, Inc. (a) | 9,949 | 363 | |
WH Smith PLC | 1,761,759 | 27,038 | |
Williams-Sonoma, Inc. | 225,034 | 43,519 | |
1,069,850 | |||
Textiles, Apparel & Luxury Goods - 1.7% | |||
Best Pacific International Holdings Ltd. | 34,489,826 | 4,750 | |
Crocs, Inc. (a) | 47,811 | 4,852 | |
Deckers Outdoor Corp. (a) | 5,595 | 4,217 | |
Embry Holdings Ltd. (a) | 2,147,519 | 113 | |
Gildan Activewear, Inc. | 2,980,631 | 98,434 | |
Handsome Co. Ltd. (c) | 1,400,000 | 19,538 | |
Kontoor Brands, Inc. | 661,339 | 38,768 | |
Levi Strauss & Co. Class A (b) | 4,257,009 | 69,304 | |
PVH Corp. | 852,240 | 102,490 | |
Sun Hing Vision Group Holdings Ltd. (c) | 17,847,882 | 1,699 | |
Texwinca Holdings Ltd. | 33,580,422 | 3,522 | |
Victory City International Holdings Ltd. (e) | 8,385,171 | 311 | |
Wolverine World Wide, Inc. (c) | 5,230,217 | 43,725 | |
Youngone Corp. | 250,000 | 8,975 | |
Youngone Holdings Co. Ltd. (c) | 752,000 | 45,581 | |
446,279 | |||
TOTAL CONSUMER DISCRETIONARY | 3,910,232 | ||
CONSUMER STAPLES - 6.6% | |||
Beverages - 0.3% | |||
A.G. Barr PLC | 1,954,840 | 14,071 | |
Britvic PLC | 5,667,122 | 63,381 | |
Muhak Co. Ltd. | 159,678 | 595 | |
Viva Wine Group AB | 2,534,117 | 9,972 | |
88,019 | |||
Consumer Staples Distribution & Retail - 4.7% | |||
Acomo NV | 136,083 | 2,582 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 2,141,916 | 125,509 | |
Atacadao SA | 7,154,900 | 15,034 | |
Belc Co. Ltd. (c) | 1,384,809 | 59,166 | |
BJ's Wholesale Club Holdings, Inc. (a) | 1,495,834 | 96,242 | |
Corporativo Fragua S.A.B. de CV | 267,029 | 8,378 | |
Cosmos Pharmaceutical Corp. | 926,359 | 99,504 | |
Create SD Holdings Co. Ltd. | 3,122,920 | 67,959 | |
Eurocash SA | 273,287 | 1,037 | |
G-7 Holdings, Inc. | 1,232,170 | 10,504 | |
Genky DrugStores Co. Ltd. (c) | 985,445 | 44,836 | |
Halows Co. Ltd. (c) | 1,454,230 | 43,119 | |
MARR SpA | 113,187 | 1,380 | |
Metro, Inc. | 7,946,406 | 417,224 | |
North West Co., Inc. | 74,090 | 2,143 | |
Performance Food Group Co. (a) | 95,605 | 6,949 | |
Sprouts Farmers Market LLC (a) | 3,722,940 | 187,524 | |
Tsuruha Holdings, Inc. | 147,898 | 11,704 | |
U.S. Foods Holding Corp. (a) | 114,198 | 5,254 | |
YAKUODO Holdings Co. Ltd. | 154,331 | 2,710 | |
Yaoko Co. Ltd. | 714,425 | 41,221 | |
1,249,979 | |||
Food Products - 1.2% | |||
Armanino Foods of Distinction | 1,228,547 | 5,934 | |
Axyz Co. Ltd. | 21,455 | 432 | |
Carr's Group PLC (c) | 5,938,435 | 9,633 | |
Century Pacific Food, Inc. | 18,194,356 | 10,560 | |
Delfi Ltd. | 2,985,701 | 2,438 | |
Food Empire Holdings Ltd. | 21,052,929 | 21,133 | |
Gruma S.A.B. de CV Series B | 477,532 | 8,939 | |
Inghams Group Ltd. | 5,421,782 | 15,172 | |
Ingredion, Inc. | 271,206 | 29,174 | |
Lamb Weston Holdings, Inc. | 589,696 | 60,408 | |
Nomad Foods Ltd. | 582,978 | 10,488 | |
Ottogi Corp. | 77,998 | 23,381 | |
Pacific Andes International Holdings Ltd. (a)(e) | 106,294,500 | 0 | |
Pacific Andes Resources Development Ltd. (a)(e) | 205,371,360 | 2 | |
Pickles Holdings Co. Ltd. | 351,478 | 3,071 | |
Rocky Mountain Chocolate Factory, Inc. (a)(c) | 446,776 | 1,787 | |
S Foods, Inc. | 793,328 | 17,839 | |
Seaboard Corp. | 15,472 | 55,746 | |
Sunjin Co. Ltd. (c) | 1,747,572 | 8,584 | |
Sunjuice Holdings Co. Ltd. | 240,000 | 1,765 | |
Tate & Lyle PLC | 4,366,277 | 34,473 | |
320,959 | |||
Household Products - 0.0% | |||
Transaction Co. Ltd. | 393,251 | 6,575 | |
Personal Care Products - 0.3% | |||
Hengan International Group Co. Ltd. | 8,721,996 | 27,008 | |
Sarantis SA (c) | 3,752,727 | 35,608 | |
TCI Co. Ltd. | 400,000 | 2,194 | |
64,810 | |||
Tobacco - 0.1% | |||
KT&G Corp. | 286,050 | 19,427 | |
Scandinavian Tobacco Group A/S (d) | 690,109 | 12,376 | |
31,803 | |||
TOTAL CONSUMER STAPLES | 1,762,145 | ||
ENERGY - 8.9% | |||
Energy Equipment & Services - 0.2% | |||
Cactus, Inc. | 117,705 | 4,995 | |
John Wood Group PLC (a) | 17,609,950 | 35,149 | |
PHX Energy Services Corp. | 1,182,881 | 8,218 | |
Total Energy Services, Inc. | 1,731,415 | 12,131 | |
Vallourec SA (a) | 349,100 | 5,031 | |
65,524 | |||
Oil, Gas & Consumable Fuels - 8.7% | |||
Adams Resources & Energy, Inc. | 16,120 | 406 | |
Antero Resources Corp. (a) | 6,752,349 | 150,847 | |
Berry Corp. (c) | 4,139,428 | 27,776 | |
Bonterra Energy Corp. (a)(b) | 571,713 | 2,075 | |
Cenovus Energy, Inc. (Canada) | 10,523,165 | 170,475 | |
China Petroleum & Chemical Corp. (H Shares) | 85,216,201 | 44,330 | |
Chord Energy Corp. | 1,546,286 | 237,757 | |
Civitas Resources, Inc. (b) | 2,758,044 | 178,749 | |
CNX Resources Corp. (a) | 1,576,662 | 31,849 | |
Diamondback Energy, Inc. | 527,252 | 81,060 | |
Energy Transfer LP | 701,480 | 10,031 | |
Enterprise Products Partners LP | 1,609,583 | 43,072 | |
Exxon Mobil Corp. | 46,200 | 4,750 | |
INPEX Corp. | 198,932 | 2,704 | |
Iwatani Corp. | 97,250 | 4,346 | |
Mi Chang Oil Industrial Co. Ltd. (c) | 173,900 | 9,654 | |
NACCO Industries, Inc. Class A | 308,007 | 11,174 | |
Northern Oil & Gas, Inc. | 1,677,856 | 56,208 | |
Oil & Natural Gas Corp. Ltd. | 43,622,493 | 132,456 | |
Oil India Ltd. | 13,091,000 | 67,197 | |
Ovintiv, Inc. | 6,804,553 | 288,649 | |
Parkland Corp. | 525,573 | 17,935 | |
Petronet LNG Ltd. | 14,000,000 | 45,365 | |
Range Resources Corp. | 6,427,139 | 186,644 | |
Scorpio Tankers, Inc. | 62,453 | 4,415 | |
Shell PLC (London) | 812,499 | 25,189 | |
Southwestern Energy Co. (a) | 14,122,706 | 91,091 | |
TotalEnergies SE sponsored ADR (b) | 6,006,233 | 391,486 | |
Unit Corp. | 150,136 | 5,983 | |
Unit Corp. warrants 9/3/27 (a) | 115,977 | 104 | |
2,323,777 | |||
TOTAL ENERGY | 2,389,301 | ||
FINANCIALS - 15.8% | |||
Banks - 5.8% | |||
ACNB Corp. | 373,984 | 14,597 | |
Associated Banc-Corp. | 4,656,247 | 97,828 | |
Bar Harbor Bankshares | 663,131 | 17,447 | |
Cadence Bank | 3,631,963 | 96,683 | |
Camden National Corp. (b) | 335,623 | 12,092 | |
Central Pacific Financial Corp. | 128,198 | 2,470 | |
Community Trust Bancorp, Inc. | 67,186 | 2,788 | |
East West Bancorp, Inc. | 815,344 | 59,365 | |
First Bancorp, Puerto Rico | 2,701,883 | 45,067 | |
First Foundation, Inc. | 24,384 | 232 | |
FNB Corp., Pennsylvania | 5,182,751 | 68,309 | |
Intercorp Financial Services, Inc. | 618,224 | 14,497 | |
KeyCorp | 1,892,839 | 27,503 | |
Nicolet Bankshares, Inc. | 198,564 | 15,442 | |
Oak Valley Bancorp Oakdale California (b) | 117,586 | 3,063 | |
OFG Bancorp | 103,524 | 3,807 | |
Plumas Bancorp | 197,136 | 6,955 | |
QCR Holdings, Inc. | 575,567 | 33,619 | |
Southern Missouri Bancorp, Inc. | 207,149 | 9,034 | |
Sparebank 1 Oestlandet | 2,037,739 | 23,715 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) | 1,118,904 | 13,596 | |
Sparebanken Nord-Norge | 2,417,789 | 23,816 | |
Synovus Financial Corp. | 3,276,617 | 123,397 | |
The First Bancorp, Inc. | 175,061 | 4,377 | |
U.S. Bancorp | 1,685,170 | 70,002 | |
Union Bankshares, Inc. | 125,480 | 3,761 | |
United Community Bank, Inc. | 2,920,026 | 79,834 | |
Unity Bancorp, Inc. | 108,416 | 2,970 | |
Washington Trust Bancorp, Inc. | 660,180 | 18,360 | |
Webster Financial Corp. | 1,301,644 | 64,405 | |
Wells Fargo & Co. | 10,263,299 | 515,013 | |
West Bancorp., Inc. | 625,797 | 11,771 | |
Wintrust Financial Corp. | 721,263 | 69,948 | |
1,555,763 | |||
Capital Markets - 2.3% | |||
ABG Sundal Collier ASA | 5,643,536 | 3,386 | |
Antin Infrastructure Partners SA | 390,657 | 7,202 | |
Azimut Holding SpA | 116,659 | 3,265 | |
Banca Generali SpA | 322,444 | 12,336 | |
Bank of New York Mellon Corp. | 108,405 | 6,012 | |
DWS Group GmbH & Co. KGaA (d) | 151,766 | 6,229 | |
Federated Hermes, Inc. | 2,548,054 | 89,080 | |
Korea Ratings Corp. | 29,923 | 1,737 | |
Lazard, Inc. Class A | 2,611,680 | 101,803 | |
LPL Financial | 274,113 | 65,565 | |
Rathbone Brothers PLC | 1,756,876 | 36,915 | |
Raymond James Financial, Inc. | 1,521,198 | 167,606 | |
SEI Investments Co. | 1,080 | 68 | |
Stifel Financial Corp. | 1,008,406 | 73,563 | |
T. Rowe Price Group, Inc. | 9,950 | 1,079 | |
Van Lanschot Kempen NV (Bearer) | 1,009,935 | 30,506 | |
Vontobel Holdings AG | 220,720 | 14,630 | |
620,982 | |||
Consumer Finance - 1.2% | |||
Aeon Credit Service (Asia) Co. Ltd. | 13,939,681 | 9,590 | |
Discover Financial Services | 2,478,885 | 261,572 | |
OneMain Holdings, Inc. | 809,311 | 38,523 | |
309,685 | |||
Financial Services - 1.6% | |||
ASAX Co. Ltd. | 108,276 | 549 | |
Enact Holdings, Inc. | 1,194,327 | 34,026 | |
Essent Group Ltd. | 1,680,622 | 92,703 | |
Far East Horizon Ltd. | 3,349,819 | 2,456 | |
Federal Agricultural Mortgage Corp.: | |||
Class A (multi-vtg.) | 4,861 | 749 | |
Class C (non-vtg.) | 322,052 | 59,995 | |
FleetCor Technologies, Inc. (a) | 561,659 | 162,842 | |
Fuyo General Lease Co. Ltd. | 128,195 | 11,464 | |
Nice Information & Telecom, Inc. | 433,187 | 7,040 | |
Tokyo Century Corp. | 595,629 | 6,618 | |
Zenkoku Hosho Co. Ltd. | 1,531,757 | 57,002 | |
435,444 | |||
Insurance - 4.9% | |||
American Financial Group, Inc. | 742,968 | 89,453 | |
ASR Nederland NV | 1,872,918 | 88,472 | |
Db Insurance Co. Ltd. | 308,087 | 20,323 | |
Direct Line Insurance Group PLC (a) | 47,143,254 | 101,207 | |
First American Financial Corp. | 744,658 | 44,940 | |
Grupo Catalana Occidente SA | 399,287 | 14,305 | |
Hartford Financial Services Group, Inc. | 421,181 | 36,626 | |
Hiscox Ltd. | 295,675 | 3,893 | |
National Western Life Group, Inc. | 5,759 | 2,787 | |
NN Group NV | 1,037,494 | 42,525 | |
Primerica, Inc. | 417,542 | 97,772 | |
Qualitas Controladora S.A.B. de CV | 818,956 | 9,049 | |
Reinsurance Group of America, Inc. | 1,741,078 | 302,756 | |
Selective Insurance Group, Inc. | 1,037,193 | 108,760 | |
Stewart Information Services Corp. | 533,617 | 32,903 | |
Talanx AG | 488,543 | 34,344 | |
The Travelers Companies, Inc. | 23,962 | 5,065 | |
Unum Group | 6,093,439 | 294,557 | |
1,329,737 | |||
TOTAL FINANCIALS | 4,251,611 | ||
HEALTH CARE - 11.6% | |||
Biotechnology - 0.5% | |||
Amgen, Inc. | 2,980 | 936 | |
Cell Biotech Co. Ltd. | 404,461 | 3,472 | |
Essex Bio-Technology Ltd. | 11,642,101 | 3,831 | |
Gilead Sciences, Inc. | 1,226,508 | 95,987 | |
Regeneron Pharmaceuticals, Inc. (a) | 4,270 | 4,026 | |
United Therapeutics Corp. (a) | 124,219 | 26,680 | |
134,932 | |||
Health Care Equipment & Supplies - 0.9% | |||
Dentsply Sirona, Inc. | 1,291,471 | 44,879 | |
Embecta Corp. | 1,718,760 | 29,460 | |
Fukuda Denshi Co. Ltd. | 1,617,494 | 86,247 | |
InBody Co. Ltd. (c) | 741,922 | 13,763 | |
Nakanishi, Inc. | 389,971 | 6,382 | |
Prim SA (c) | 1,340,976 | 14,999 | |
Techno Medica Co. Ltd. | 37,055 | 495 | |
Utah Medical Products, Inc. (c) | 213,090 | 16,879 | |
Value Added Technology Co. Ltd. | 436,553 | 10,469 | |
Vieworks Co. Ltd. | 394,258 | 8,059 | |
Zimmer Biomet Holdings, Inc. | 29,789 | 3,741 | |
235,373 | |||
Health Care Providers & Services - 8.4% | |||
Centene Corp. (a) | 2,788,245 | 209,983 | |
Ci Medical Co. Ltd. | 97,791 | 2,788 | |
Cigna Group | 923,263 | 277,856 | |
CVS Health Corp. | 747,181 | 55,568 | |
Elevance Health, Inc. | 1,021,312 | 503,956 | |
Henry Schein, Inc. (a) | 762,275 | 57,049 | |
Hi-Clearance, Inc. | 1,660,459 | 7,079 | |
Humana, Inc. | 364,244 | 137,706 | |
Laboratory Corp. of America Holdings | 483,427 | 107,466 | |
Medica Sur SA de CV | 1,125,987 | 2,663 | |
Quest Diagnostics, Inc. | 402,454 | 51,687 | |
Select Medical Holdings Corp. | 122,399 | 3,181 | |
Ship Healthcare Holdings, Inc. | 585,228 | 8,882 | |
Sinopharm Group Co. Ltd. (H Shares) | 42,644,736 | 112,134 | |
UnitedHealth Group, Inc. | 801,440 | 410,129 | |
Universal Health Services, Inc. Class B | 1,822,301 | 289,400 | |
WIN-Partners Co. Ltd. (c) | 2,077,371 | 17,964 | |
2,255,491 | |||
Health Care Technology - 0.0% | |||
Software Service, Inc. | 49,250 | 4,184 | |
Life Sciences Tools & Services - 0.5% | |||
ICON PLC (a) | 535,345 | 139,655 | |
Pharmaceuticals - 1.3% | |||
China Medical System Holdings Ltd. | 9,854,503 | 14,082 | |
Consun Pharmaceutical Group Ltd. | 3,941,946 | 2,687 | |
Daewon Pharmaceutical Co. Ltd. (c) | 2,142,922 | 23,456 | |
Dai Han Pharmaceutical Co. Ltd. | 297,037 | 6,259 | |
Daito Pharmaceutical Co. Ltd. | 88,181 | 1,177 | |
Dawnrays Pharmaceutical Holdings Ltd. | 64,051,715 | 9,147 | |
DongKook Pharmaceutical Co. Ltd. | 1,420,400 | 18,992 | |
Faes Farma SA | 3,027,612 | 9,963 | |
Genomma Lab Internacional SA de CV | 2,390,178 | 1,961 | |
Granules India Ltd. | 591,564 | 2,959 | |
Huons Co. Ltd. (c) | 853,834 | 21,974 | |
Hypera SA | 1,921,000 | 12,303 | |
Jazz Pharmaceuticals PLC (a) | 211,736 | 25,984 | |
Korea United Pharm, Inc. | 40,010 | 733 | |
Kwang Dong Pharmaceutical Co. Ltd. (c) | 4,164,491 | 22,602 | |
Nippon Chemiphar Co. Ltd. | 19,040 | 207 | |
Recordati SpA | 618,993 | 34,317 | |
Sanofi SA | 1,226,167 | 122,795 | |
Sanofi SA sponsored ADR | 124,505 | 6,213 | |
Syngen Biotech Co. Ltd. | 357,700 | 1,724 | |
Whanin Pharmaceutical Co. Ltd. (c) | 1,016,010 | 10,938 | |
350,473 | |||
TOTAL HEALTH CARE | 3,120,108 | ||
INDUSTRIALS - 16.4% | |||
Aerospace & Defense - 0.7% | |||
Cadre Holdings, Inc. | 1,357,247 | 46,133 | |
Huntington Ingalls Industries, Inc. | 432,901 | 112,087 | |
Leonardo DRS, Inc. (a) | 429,646 | 8,339 | |
Rheinmetall AG | 27,069 | 9,502 | |
V2X, Inc. (a) | 396,696 | 15,428 | |
191,489 | |||
Air Freight & Logistics - 0.4% | |||
AIT Corp. | 160,109 | 2,052 | |
Compania de Distribucion Integral Logista Holdings SA | 1,039,283 | 29,472 | |
Hamakyorex Co. Ltd. (c) | 1,229,088 | 34,223 | |
SENKO Co. Ltd. | 492,973 | 3,854 | |
Sinotrans Ltd. (H Shares) | 29,562,245 | 12,333 | |
Trancom Co. Ltd. (c) | 813,169 | 38,537 | |
120,471 | |||
Building Products - 0.8% | |||
Builders FirstSource, Inc. (a) | 276,847 | 48,097 | |
Hayward Holdings, Inc. (a) | 9,336,827 | 116,897 | |
Janus International Group, Inc. (a) | 1,551,795 | 21,958 | |
Kondotec, Inc. (c) | 1,579,624 | 13,140 | |
Nihon Dengi Co. Ltd. | 305,522 | 11,359 | |
Nihon Flush Co. Ltd. | 1,119,445 | 7,135 | |
Owens Corning | 35,525 | 5,383 | |
Sekisui Jushi Corp. | 128,791 | 2,218 | |
226,187 | |||
Commercial Services & Supplies - 1.1% | |||
Aeon Delight Co. Ltd. | 199,331 | 5,106 | |
AJIS Co. Ltd. (c) | 848,862 | 15,215 | |
BIC SA | 39,703 | 2,750 | |
Civeo Corp. (c) | 817,993 | 18,159 | |
CoreCivic, Inc. (a) | 3,316,073 | 47,155 | |
CTS Co. Ltd. | 124,091 | 587 | |
Fursys, Inc. (c) | 900,000 | 20,649 | |
Lion Rock Group Ltd. | 18,279,240 | 2,435 | |
Mears Group PLC | 250,525 | 1,089 | |
Mitie Group PLC | 40,804,695 | 53,470 | |
Pilot Corp. | 4,928 | 138 | |
Prestige International, Inc. | 2,174,800 | 8,930 | |
Prosegur Compania de Seguridad SA (Reg.) | 295,557 | 560 | |
S1 Corp. | 326,880 | 13,961 | |
Takkt AG | 576,594 | 8,425 | |
The GEO Group, Inc. (a)(b) | 2,045,580 | 22,747 | |
VSE Corp. (c) | 1,148,380 | 71,326 | |
292,702 | |||
Construction & Engineering - 1.0% | |||
Boustead Singapore Ltd. | 5,715,504 | 3,701 | |
Bowman Consulting Group Ltd. (a) | 488,417 | 15,341 | |
Dai-Dan Co. Ltd. | 197,202 | 2,189 | |
Daiichi Kensetsu Corp. | 985,505 | 12,083 | |
EMCOR Group, Inc. | 647,887 | 147,790 | |
Fuji Furukawa Engineering & Construction Co. Ltd. | 14,955 | 559 | |
Geumhwa PSC Co. Ltd. (c) | 316,299 | 6,007 | |
Meisei Industrial Co. Ltd. | 397,171 | 3,130 | |
Mirait One Corp. | 319,902 | 4,227 | |
Nippon Rietec Co. Ltd. | 734,276 | 6,451 | |
Primoris Services Corp. | 882,454 | 28,944 | |
Raiznext Corp. (c) | 3,104,099 | 33,032 | |
Shinnihon Corp. | 917,896 | 7,553 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 97,595 | 49 | |
United Integrated Services Co. | 300,800 | 2,662 | |
273,718 | |||
Electrical Equipment - 1.4% | |||
Acuity Brands, Inc. | 706,721 | 168,313 | |
Aichi Electric Co. Ltd. | 383,667 | 10,239 | |
AQ Group AB | 749,618 | 39,186 | |
Chiyoda Integre Co. Ltd. | 267,207 | 5,000 | |
GrafTech International Ltd. (c) | 18,172,650 | 24,170 | |
Hammond Power Solutions, Inc. Class A (b) | 281,816 | 19,490 | |
Korea Electric Terminal Co. Ltd. | 437,401 | 22,739 | |
nVent Electric PLC | 512,471 | 30,769 | |
Sensata Technologies, Inc. PLC | 315,457 | 11,410 | |
TKH Group NV (bearer) (depositary receipt) | 902,182 | 36,484 | |
Vitzrocell Co. Ltd. | 140,000 | 1,837 | |
369,637 | |||
Ground Transportation - 0.6% | |||
Alps Logistics Co. Ltd. (c) | 2,265,837 | 27,406 | |
Sakai Moving Service Co. Ltd. (c) | 2,544,799 | 48,370 | |
Stef SA | 235,918 | 30,850 | |
Universal Logistics Holdings, Inc. (c) | 1,354,083 | 41,327 | |
147,953 | |||
Industrial Conglomerates - 0.5% | |||
DCC PLC (United Kingdom) | 1,659,242 | 121,035 | |
Mytilineos SA | 591,385 | 24,286 | |
145,321 | |||
Machinery - 3.3% | |||
Aalberts Industries NV | 5,181,377 | 207,070 | |
Allison Transmission Holdings, Inc. | 72,340 | 4,379 | |
Beijer Alma AB (B Shares) | 1,436,921 | 25,323 | |
Crane Co. | 1,067,858 | 132,532 | |
Daiwa Industries Ltd. | 838,434 | 8,944 | |
EnPro Industries, Inc. | 371,125 | 55,439 | |
ESAB Corp. | 675,298 | 58,069 | |
Estic Corp. | 369,608 | 2,312 | |
Foremost Income Fund (a) | 2,141,103 | 10,535 | |
Haitian International Holdings Ltd. | 6,602,351 | 14,696 | |
Hillenbrand, Inc. | 2,886,263 | 134,413 | |
Hosokawa Micron Corp. | 108,451 | 3,383 | |
Hy-Lok Corp. | 102,000 | 1,899 | |
Hyster-Yale Materials Handling, Inc. Class A | 161,229 | 10,596 | |
ITT, Inc. | 533,980 | 64,494 | |
JOST Werke AG (d) | 74,418 | 3,599 | |
Luxfer Holdings PLC sponsored | 768,742 | 6,327 | |
Miller Industries, Inc. | 315,585 | 12,702 | |
Mincon Group PLC | 2,053,259 | 1,442 | |
Nadex Co. Ltd. (c) | 756,817 | 5,492 | |
Precision Tsugami China Corp. Ltd. | 384,198 | 453 | |
Semperit AG Holding | 198,821 | 3,116 | |
Shinwa Co. Ltd. | 86,492 | 1,444 | |
SIMPAC, Inc. | 1,183,000 | 3,447 | |
Stabilus Se | 70,473 | 4,954 | |
Takamatsu Machinery Co. Ltd. | 201,637 | 719 | |
Takeuchi Manufacturing Co. Ltd. | 443,473 | 15,161 | |
Timken Co. | 503,381 | 41,232 | |
TK Group Holdings Ltd. | 7,919,243 | 1,366 | |
Tocalo Co. Ltd. | 2,822,112 | 30,019 | |
Trinity Industrial Corp. | 805,224 | 5,600 | |
Yamada Corp. | 54,274 | 1,949 | |
873,106 | |||
Marine Transportation - 0.0% | |||
SITC International Holdings Co. Ltd. (b) | 5,731,853 | 8,697 | |
Tokyo Kisen Co. Ltd. | 301,665 | 1,301 | |
9,998 | |||
Passenger Airlines - 0.1% | |||
Jet2 PLC | 1,471,179 | 24,909 | |
Professional Services - 3.2% | |||
Altech Corp. | 330,934 | 6,444 | |
Artner Co. Ltd. | 243,439 | 3,615 | |
Barrett Business Services, Inc. | 69,103 | 7,758 | |
CACI International, Inc. Class A (a) | 325,653 | 111,937 | |
Careerlink Co. Ltd. | 162,438 | 2,878 | |
Concentrix Corp. | 1,659,069 | 147,441 | |
Creek & River Co. Ltd. | 9,892 | 134 | |
E-Credible Co. Ltd. | 250,349 | 2,465 | |
Gakujo Co. Ltd. | 271,466 | 3,263 | |
Genpact Ltd. | 4,555,807 | 163,553 | |
Hito Communications Holdings, Inc. | 178,737 | 1,463 | |
HRnetgroup Ltd. | 4,540,956 | 2,407 | |
IFIS Japan Ltd. | 174,902 | 719 | |
KBR, Inc. | 2,279,400 | 118,780 | |
Maximus, Inc. | 1,463,253 | 118,699 | |
Open Up Group, Inc. | 97,218 | 1,506 | |
Persol Holdings Co. Ltd. | 10,103,626 | 16,062 | |
Quick Co. Ltd. (c) | 1,037,583 | 18,429 | |
Science Applications International Corp. | 357,940 | 45,695 | |
SS&C Technologies Holdings, Inc. | 4,928 | 301 | |
Synergie SA | 131,328 | 4,556 | |
Verra Mobility Corp. (a) | 2,763,424 | 66,073 | |
WDB Holdings Co. Ltd. | 650,860 | 10,250 | |
Will Group, Inc. | 1,098,571 | 9,003 | |
863,431 | |||
Trading Companies & Distributors - 3.2% | |||
AerCap Holdings NV (a) | 214,663 | 16,435 | |
Alconix Corp. | 1,372,498 | 13,227 | |
Alligo AB (B Shares) | 239,714 | 3,050 | |
Beacon Roofing Supply, Inc. (a) | 940,772 | 77,981 | |
Bergman & Beving AB (B Shares) | 381,852 | 6,678 | |
Bossard Holding AG | 60,850 | 14,596 | |
Chori Co. Ltd. | 1,091,864 | 22,034 | |
Core & Main, Inc. (a) | 2,914,477 | 120,397 | |
Ferguson PLC | 572,976 | 107,639 | |
Global Industrial Co. | 1,202,837 | 51,157 | |
Goodfellow, Inc. (c) | 675,641 | 7,086 | |
Green Cross Co. Ltd. (c) | 486,059 | 3,385 | |
Horizon Construction Development Ltd. | 36,616 | 12 | |
Inaba Denki Sangyo Co. Ltd. | 354,712 | 8,475 | |
Itochu Corp. | 3,528,548 | 160,140 | |
Kamei Corp. | 94,712 | 1,245 | |
KS Energy Services Ltd. (a)(e) | 12,806,409 | 124 | |
Lumax International Corp. Ltd. | 2,201,510 | 6,338 | |
Mitani Shoji Co. Ltd. | 2,768,996 | 37,009 | |
Momentum Group Komponenter & Tjanster AB | 1,577,263 | 20,688 | |
Parker Corp. (c) | 2,108,816 | 11,739 | |
Richelieu Hardware Ltd. | 689,357 | 22,263 | |
RS GROUP PLC | 5,845,865 | 58,201 | |
Sanyo Trading Co. Ltd. | 130,520 | 1,163 | |
Senshu Electric Co. Ltd. (c) | 1,272,309 | 32,347 | |
Thermador Groupe SA | 5,496 | 510 | |
Totech Corp. (c) | 887,399 | 33,399 | |
Yamazen Co. Ltd. | 128,100 | 1,095 | |
Yuasa Trading Co. Ltd. | 360,258 | 12,003 | |
850,416 | |||
Transportation Infrastructure - 0.1% | |||
Daito Koun Co. Ltd. | 19,570 | 104 | |
Isewan Terminal Service Co. Ltd. | 1,070,489 | 5,749 | |
Qingdao Port International Co. Ltd. (H Shares) (d) | 16,260,016 | 9,101 | |
14,954 | |||
TOTAL INDUSTRIALS | 4,404,292 | ||
INFORMATION TECHNOLOGY - 15.6% | |||
Electronic Equipment, Instruments & Components - 6.8% | |||
Advanced Energy Industries, Inc. | 1,157,469 | 120,585 | |
Belden, Inc. | 1,076,898 | 79,884 | |
CDW Corp. | 733,343 | 166,264 | |
Crane Nxt Co. | 2,169,947 | 126,465 | |
Daido Signal Co. Ltd. | 40,041 | 115 | |
Daiwabo Holdings Co. Ltd. | 1,372,343 | 29,841 | |
Dexerials Corp. | 683,552 | 19,699 | |
Flex Ltd. (a) | 2,730,590 | 64,824 | |
FLEXium Interconnect, Inc. | 600,000 | 1,637 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 31,404,012 | 102,751 | |
IDIS Holdings Co. Ltd. (c) | 743,796 | 6,292 | |
Insight Enterprises, Inc. (a) | 689,069 | 127,299 | |
Jabil, Inc. | 728,783 | 91,309 | |
Kingboard Chemical Holdings Ltd. (c) | 67,340,089 | 119,859 | |
Makus, Inc. | 686,027 | 6,927 | |
Maruwa Ceramic Co. Ltd. | 66,062 | 13,218 | |
Methode Electronics, Inc. Class A (c) | 2,118,251 | 43,975 | |
Nippo Ltd. (c) | 630,682 | 6,454 | |
PAX Global Technology Ltd. | 44,442,338 | 31,060 | |
Redington (India) Ltd. | 29,256,820 | 63,280 | |
Riken Keiki Co. Ltd. | 124,390 | 6,146 | |
SAMT Co. Ltd. | 100,000 | 200 | |
Shibaura Electronics Co. Ltd. | 369,426 | 13,719 | |
Simplo Technology Co. Ltd. | 6,990,000 | 90,477 | |
TD SYNNEX Corp. | 2,406,553 | 240,607 | |
Test Research, Inc. | 150,000 | 333 | |
Thinking Electronic Industries Co. Ltd. | 4,124,000 | 20,913 | |
Tomen Devices Corp. | 99,536 | 3,631 | |
Tripod Technology Corp. | 3,548,000 | 21,190 | |
Vontier Corp. | 3,764,003 | 130,197 | |
VSTECS Holdings Ltd. (c) | 109,780,125 | 59,154 | |
Yageo Corp. | 1,266,000 | 22,272 | |
1,830,577 | |||
IT Services - 2.9% | |||
ALTEN | 118,324 | 18,388 | |
Amdocs Ltd. | 2,739,925 | 251,196 | |
Argo Graphics, Inc. | 725,205 | 21,280 | |
Asahi Intelligence Service Co. | 38,699 | 364 | |
Avant Group Corp. | 225,934 | 2,206 | |
CDS Co. Ltd. | 305,200 | 3,546 | |
Cognizant Technology Solutions Corp. Class A | 2,163,167 | 166,823 | |
CSE Global Ltd. | 24,703,996 | 7,424 | |
Densan System Holdings Co. Ltd. | 75,514 | 1,514 | |
Dimerco Data System Corp. | 994,799 | 4,274 | |
DTS Corp. | 582,584 | 14,329 | |
Econocom Group SA | 4,771,455 | 12,169 | |
Exclusive Networks SA (a) | 106,253 | 2,170 | |
Future Corp. | 376,552 | 4,469 | |
Gabia, Inc. (c) | 900,000 | 11,595 | |
Himacs Ltd. | 27,580 | 269 | |
Indra Sistemas SA | 8,219,189 | 146,294 | |
Information Planning Co. | 123,515 | 3,231 | |
Know IT AB | 370,017 | 4,992 | |
Neurones | 70,805 | 3,470 | |
Pole To Win Holdings, Inc. (b) | 258,081 | 875 | |
Sopra Steria Group | 350,359 | 82,466 | |
TDC Soft, Inc. | 517,993 | 8,011 | |
TIS, Inc. | 455,496 | 10,131 | |
781,486 | |||
Semiconductors & Semiconductor Equipment - 2.9% | |||
ASMPT Ltd. | 3,398,970 | 32,801 | |
Japan Material Co. Ltd. | 97,271 | 1,644 | |
Machvision, Inc. | 209,000 | 1,839 | |
Melexis NV | 97,683 | 8,456 | |
Micron Technology, Inc. | 1,595,014 | 136,772 | |
MKS Instruments, Inc. | 1,649,537 | 175,593 | |
Novatek Microelectronics Corp. | 100,000 | 1,629 | |
Parade Technologies Ltd. | 936,000 | 33,214 | |
Powertech Technology, Inc. | 10,000,000 | 46,437 | |
Renesas Electronics Corp. (a) | 4,200,164 | 68,915 | |
Skyworks Solutions, Inc. | 1,049,084 | 109,587 | |
Sumco Corp. | 1,917,884 | 29,076 | |
Systems Technology, Inc. | 150,100 | 2,981 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,701,000 | 74,104 | |
Topco Scientific Co. Ltd. | 7,819,593 | 46,855 | |
769,903 | |||
Software - 0.3% | |||
Cresco Ltd. | 665,758 | 8,633 | |
Focus Systems Corp. | 87,426 | 628 | |
Fukui Computer Holdings, Inc. | 197,084 | 3,479 | |
Hecto Innovation Co. Ltd. | 500,074 | 5,322 | |
Jastec Co. Ltd. | 264,471 | 2,447 | |
Justsystems Corp. | 98,501 | 2,058 | |
KSK Co., Ltd. (c) | 535,128 | 11,117 | |
Linedata Services | 8,974 | 568 | |
NetGem SA | 439,006 | 503 | |
NSW, Inc. | 172,475 | 3,442 | |
Open Text Corp. | 1,050,352 | 45,805 | |
Pro-Ship, Inc. | 593,266 | 5,721 | |
System Research Co. Ltd. | 135,335 | 2,738 | |
92,461 | |||
Technology Hardware, Storage & Peripherals - 2.7% | |||
Dell Technologies, Inc. | 1,867,709 | 154,796 | |
Elecom Co. Ltd. | 542,141 | 6,305 | |
MCJ Co. Ltd. | 2,651,901 | 22,237 | |
Samsung Electronics Co. Ltd. | 1,884,000 | 102,372 | |
Seagate Technology Holdings PLC | 4,795,411 | 410,871 | |
TSC Auto ID Technology Corp. (c) | 2,544,911 | 18,377 | |
714,958 | |||
TOTAL INFORMATION TECHNOLOGY | 4,189,385 | ||
MATERIALS - 5.4% | |||
Chemicals - 2.9% | |||
Axalta Coating Systems Ltd. (a) | 3,887,131 | 126,021 | |
C. Uyemura & Co. Ltd. | 739,108 | 56,087 | |
Celanese Corp. Class A | 666,188 | 97,457 | |
EcoGreen International Group Ltd. (a)(c)(e) | 52,196,039 | 3,171 | |
Element Solutions, Inc. | 4,111,234 | 91,393 | |
Fujikura Kasei Co., Ltd. | 658,540 | 2,042 | |
Gujarat Narmada Valley Fertilizers Co. | 500,197 | 4,525 | |
Gujarat State Fertilizers & Chemicals Ltd. | 10,160,536 | 36,587 | |
Huntsman Corp. | 3,540,878 | 86,893 | |
Jcu Corp. | 344,967 | 8,706 | |
KPX Chemical Co. Ltd. | 110,852 | 3,591 | |
LyondellBasell Industries NV Class A | 1,977,870 | 186,157 | |
Miwon Commercial Co. Ltd. | 28,100 | 3,522 | |
Muto Seiko Co. Ltd. (b) | 197,057 | 3,012 | |
Scientex Bhd | 100,000 | 85 | |
Soulbrain Co. Ltd. | 81,000 | 16,333 | |
Tronox Holdings PLC | 3,326,329 | 45,870 | |
Yip's Chemical Holdings Ltd. | 21,632,192 | 4,070 | |
775,522 | |||
Construction Materials - 0.8% | |||
Buzzi SpA | 394,414 | 13,435 | |
Eagle Materials, Inc. | 371,185 | 83,992 | |
GCC S.A.B. de CV | 332,291 | 3,838 | |
Mitani Sekisan Co. Ltd. | 921,376 | 31,657 | |
RHI Magnesita NV | 198,802 | 8,475 | |
SigmaRoc PLC (a) | 15,679,505 | 12,916 | |
Vertex Corp. | 29,725 | 358 | |
Wienerberger AG | 1,632,420 | 55,536 | |
210,207 | |||
Containers & Packaging - 0.7% | |||
Chuoh Pack Industry Co. Ltd. (c) | 403,118 | 3,952 | |
Corticeira Amorim SGPS SA | 1,476,167 | 15,076 | |
Groupe Guillin SA | 135,437 | 4,457 | |
Kohsoku Corp. (c) | 1,626,337 | 25,159 | |
Mayr-Melnhof Karton AG | 183,922 | 24,329 | |
Packaging Corp. of America | 578,964 | 96,039 | |
Silgan Holdings, Inc. | 181,317 | 8,330 | |
The Pack Corp. (b)(c) | 1,266,310 | 29,149 | |
206,491 | |||
Metals & Mining - 0.5% | |||
Boliden AB | 147,895 | 3,936 | |
CK-SAN-ETSU Co. Ltd. | 28,533 | 759 | |
Hill & Smith Holdings PLC | 507,170 | 12,045 | |
PRL Global Ltd. (e) | 354,336 | 349 | |
Tohoku Steel Co. Ltd. | 39,882 | 472 | |
Tokyo Tekko Co. Ltd. | 396,486 | 13,885 | |
Warrior Metropolitan Coal, Inc. | 1,473,579 | 94,560 | |
126,006 | |||
Paper & Forest Products - 0.5% | |||
Miquel y Costas & Miquel SA | 436,314 | 5,309 | |
Stella-Jones, Inc. | 1,827,798 | 108,136 | |
Sylvamo Corp. | 603,946 | 28,041 | |
Western Forest Products, Inc. | 3,705,889 | 1,874 | |
143,360 | |||
TOTAL MATERIALS | 1,461,586 | ||
REAL ESTATE - 0.9% | |||
Equity Real Estate Investment Trusts (REITs) - 0.0% | |||
Apple Hospitality (REIT), Inc. | 213,824 | 3,434 | |
Mapletree Industrial (REIT) | 4,732,046 | 8,619 | |
12,053 | |||
Real Estate Management & Development - 0.9% | |||
Branicks Group AG (b) | 1,165,692 | 2,683 | |
Instone Real Estate Group BV (d) | 332,585 | 2,890 | |
Jones Lang LaSalle, Inc. (a) | 748,028 | 132,446 | |
LSL Property Services PLC | 1,224,339 | 4,112 | |
Real Matters, Inc. (a) | 3,487,531 | 18,132 | |
Relo Group, Inc. | 194,030 | 1,948 | |
Robinsons Land Corp. | 31,101,290 | 8,830 | |
Savills PLC | 4,049,821 | 51,991 | |
Selvaag Bolig ASA | 506,207 | 1,519 | |
Servcorp Ltd. | 904,722 | 1,943 | |
Tejon Ranch Co. (a) | 410,775 | 6,482 | |
232,976 | |||
TOTAL REAL ESTATE | 245,029 | ||
UTILITIES - 1.8% | |||
Electric Utilities - 1.6% | |||
Kansai Electric Power Co., Inc. | 2,666,708 | 36,380 | |
PG&E Corp. | 22,657,989 | 382,240 | |
Power Grid Corp. of India Ltd. | 66,666 | 208 | |
Southern Co. | 102,281 | 7,111 | |
425,939 | |||
Gas Utilities - 0.1% | |||
China Resource Gas Group Ltd. | 3,942,006 | 11,179 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
Mega First Corp. Bhd | 32,943,659 | 27,015 | |
Vistra Corp. | 142,001 | 5,826 | |
32,841 | |||
TOTAL UTILITIES | 469,959 | ||
TOTAL COMMON STOCKS (Cost $18,537,490) | 26,523,550 | ||
Nonconvertible Bonds - 0.0% | |||
Principal Amount (f) (000s) | Value ($) (000s) | ||
ENERGY - 0.0% | |||
Energy Equipment & Services - 0.0% | |||
Bristow Group, Inc. 6.25% (e)(g) (Cost $0) | 9,933 | 0 | |
Money Market Funds - 1.5% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.39% (h) | 289,771,644 | 289,830 | |
Fidelity Securities Lending Cash Central Fund 5.39% (h)(i) | 119,248,133 | 119,260 | |
TOTAL MONEY MARKET FUNDS (Cost $409,058) | 409,090 | ||
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $18,946,548) | 26,932,640 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (74,458) |
NET ASSETS - 100.0% | 26,858,182 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated company |
(d) | 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 $58,215,000 or 0.2% of net assets. |
(e) | Level 3 security |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Non-income producing - Security is in default. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | 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 5.39% | 620,316 | 3,189,027 | 3,519,513 | 16,618 | - | - | 289,830 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.39% | 341,398 | 925,611 | 1,147,749 | 250 | - | - | 119,260 | 0.5% |
Total | 961,714 | 4,114,638 | 4,667,262 | 16,868 | - | - | 409,090 | |
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 ($) |
AJIS Co. Ltd. | 14,379 | - | 100 | - | 43 | 893 | 15,215 |
ASL Marine Holdings Ltd. | 1,762 | - | 1,643 | - | (14,400) | 14,281 | - |
ASTI Corp. | 5,785 | - | 1,745 | - | 721 | (601) | 4,160 |
Adams Resources & Energy, Inc. | 5,248 | - | 3,967 | 53 | 2,185 | (3,061) | - |
Aichi Electric Co. Ltd. | 12,622 | - | 2,553 | 217 | 361 | (191) | - |
Alconix Corp. | 23,775 | - | 8,943 | 371 | 956 | (2,561) | - |
Alps Logistics Co. Ltd. | 25,224 | - | 194 | 303 | 130 | 2,246 | 27,406 |
BMTC Group, Inc. | 40,069 | - | 487 | 373 | 465 | (10,412) | 29,635 |
Belc Co. Ltd. | 76,992 | - | 10,571 | 500 | 6,219 | (13,474) | 59,166 |
Belluna Co. Ltd. | 30,642 | - | 18,820 | 363 | 1,095 | (5,633) | - |
Berry Corp. | 34,552 | 124 | 2,337 | 1,490 | (1,426) | (3,137) | 27,776 |
CDS Co. Ltd. | 4,836 | - | 1,005 | 70 | (183) | (102) | - |
CSE Global Ltd. | 14,462 | - | 4,890 | 368 | (9,070) | 6,922 | - |
Carr's Group PLC | 11,074 | 85 | 62 | 303 | 5 | (1,469) | 9,633 |
Cell Biotech Co. Ltd. | 4,598 | - | 975 | 138 | (1,510) | 1,359 | - |
Chase Corp. | 78,351 | - | 78,403 | - | 59,138 | (59,086) | - |
Chori Co. Ltd. | 29,117 | - | 6,269 | 495 | 1,512 | (2,325) | - |
Chuoh Pack Industry Co. Ltd. | 3,714 | - | 28 | 73 | 10 | 256 | 3,952 |
Civeo Corp. | 15,279 | 944 | 131 | 332 | 16 | 2,051 | 18,159 |
Create SD Holdings Co. Ltd. | 120,041 | - | 37,138 | 665 | 24,904 | (39,848) | - |
Daewon Pharmaceutical Co. Ltd. | 25,677 | - | - | 484 | - | (2,221) | 23,456 |
Daito Pharmaceutical Co. Ltd. | 16,812 | - | 13,676 | 101 | (12,181) | 10,222 | - |
DongKook Pharmaceutical Co. Ltd. | 26,400 | - | 11,668 | 165 | 7,978 | (3,718) | - |
EcoGreen International Group Ltd. | 10,249 | - | 72 | - | 5 | (7,011) | 3,171 |
First Juken Co. Ltd. | 10,494 | - | 74 | 179 | 2 | (360) | 10,062 |
First of Long Island Corp. | 17,154 | - | 15,097 | 215 | (10,510) | 8,453 | - |
Food Empire Holdings Ltd. | 24,699 | - | 7,887 | - | 5,201 | (880) | - |
Fresh Del Monte Produce, Inc. | 64,093 | - | 60,350 | 461 | 3,477 | (7,220) | - |
Fujikura Kasei Co., Ltd. | 5,840 | - | 3,431 | 83 | (2,990) | 2,624 | - |
Fursys, Inc. | 21,272 | - | - | 639 | - | (623) | 20,649 |
Gabia, Inc. | 8,502 | - | - | 41 | - | 3,093 | 11,595 |
Genky DrugStores Co. Ltd. | 35,102 | - | 273 | 75 | 230 | 9,777 | 44,836 |
Geumhwa PSC Co. Ltd. | 8,467 | - | 862 | 277 | (591) | (1,007) | 6,007 |
Goodfellow, Inc. | 7,222 | - | 52 | 211 | 38 | (122) | 7,086 |
GrafTech International Ltd. | 94,145 | 3,844 | 2,161 | - | (3,433) | (68,225) | 24,170 |
Green Cross Co. Ltd. | 3,542 | - | 25 | - | 1 | (133) | 3,385 |
Halows Co. Ltd. | 38,104 | - | 318 | 180 | 249 | 5,084 | 43,119 |
Hamakyorex Co. Ltd. | 34,161 | 2 | 253 | 411 | 126 | 187 | 34,223 |
Handsome Co. Ltd. | 22,736 | - | - | 678 | - | (3,198) | 19,538 |
Helen of Troy Ltd. | 139,035 | 47,829 | 1,113 | - | 1,070 | (26,630) | 160,191 |
Hoshi Iryo-Sanki Co. Ltd. | 6,033 | - | 5,717 | 43 | 1,459 | (1,775) | - |
Huons Co. Ltd. | 21,618 | - | - | 353 | - | 356 | 21,974 |
Hyster-Yale Materials Handling, Inc. Class A | 9,475 | 601 | 15,727 | 123 | 4,755 | 4,280 | - |
Hyster-Yale Materials Handling, Inc. Class B | 14,806 | - | - | 101 | - | (7,593) | - |
IA Group Corp. | 3,243 | - | 364 | 46 | (180) | (20) | 2,679 |
IDIS Holdings Co. Ltd. | 7,513 | - | 491 | 124 | (614) | (116) | 6,292 |
InBody Co. Ltd. | 16,288 | - | - | 144 | - | (2,525) | 13,763 |
JLM Couture, Inc. | 165 | - | 5 | - | (864) | 704 | - |
Jumbo SA | 279,752 | - | 68,778 | 13,825 | 43,035 | (56,927) | 197,082 |
KSK Co., Ltd. | 9,417 | - | 75 | - | 54 | 1,721 | 11,117 |
Kingboard Chemical Holdings Ltd. | 187,900 | - | 1,179 | 5,715 | 890 | (67,752) | 119,859 |
Kohsoku Corp. | 24,624 | - | 174 | 237 | 109 | 600 | 25,159 |
Kondotec, Inc. | 13,513 | - | 94 | 192 | 74 | (353) | 13,140 |
Kwang Dong Pharmaceutical Co. Ltd. | 20,990 | - | - | 269 | - | 1,612 | 22,602 |
Maruzen Co. Ltd. | 21,492 | - | 21,919 | 293 | 14,160 | (13,733) | - |
Methode Electronics, Inc. Class A | 53,335 | 11,799 | 318 | 519 | (28) | (20,813) | 43,975 |
Mi Chang Oil Industrial Co. Ltd. | 8,969 | - | - | 281 | - | 685 | 9,654 |
Motonic Corp. | 14,377 | - | 1,729 | 562 | (113) | (1,483) | 11,052 |
Murakami Corp. | 16,590 | - | 17,051 | 248 | 9,636 | (9,175) | - |
Nadex Co. Ltd. | 5,837 | - | 43 | 51 | 21 | (323) | 5,492 |
Nafco Co. Ltd. | 24,640 | - | 179 | 325 | 10 | 3,489 | 27,960 |
Nippo Ltd. | 4,873 | - | 44 | - | 28 | 1,597 | 6,454 |
Parker Corp. | 11,036 | - | 84 | 141 | 59 | 728 | 11,739 |
Prim SA | 16,340 | - | 116 | 139 | 27 | (1,252) | 14,999 |
Quick Co. Ltd. | 17,892 | - | 127 | 227 | 45 | 619 | 18,429 |
Raiznext Corp. | 32,006 | - | 237 | 566 | 63 | 1,200 | 33,032 |
Rocky Mountain Chocolate Factory, Inc. | 2,665 | - | 15 | - | (1) | (862) | 1,787 |
SJM Co. Ltd. | 4,178 | - | 3,596 | 15 | (1,073) | 491 | - |
SNT Holdings Co. Ltd. | 10,959 | - | - | 229 | - | 1,816 | 12,775 |
Sakai Moving Service Co. Ltd. | 48,117 | - | 348 | 232 | 261 | 340 | 48,370 |
Sally Beauty Holdings, Inc. | 99,191 | 1,955 | 2,407 | - | (1,894) | 4,579 | 101,424 |
Sanei Architecture Planning Co. Ltd. | 18,021 | - | 23,152 | - | 6,700 | (1,569) | - |
Sarantis SA | 33,067 | - | 1,618 | - | 551 | 3,608 | 35,608 |
Senshu Electric Co. Ltd. | 38,862 | - | 2,465 | 503 | 1,582 | (5,632) | 32,347 |
Societe Pour L'Informatique Industrielle SA | 88,564 | - | 117,505 | 796 | 108,084 | (79,143) | - |
Sportsman's Warehouse Holdings, Inc. | 2,616 | 11,058 | 95 | - | 27 | (2,765) | 10,841 |
Step Co. Ltd. | 11,518 | - | 6,448 | 227 | 3,455 | (2,886) | - |
Sun Hing Vision Group Holdings Ltd. | 1,732 | - | 38 | 69 | (137) | 142 | 1,699 |
Sunjin Co. Ltd. | 14,707 | - | 2,997 | 113 | (2,953) | (173) | 8,584 |
TSC Auto ID Technology Corp. | 20,945 | - | - | (15) | - | (2,568) | 18,377 |
The Pack Corp. | 29,772 | - | 217 | 348 | 79 | (485) | 29,149 |
Tohoku Steel Co. Ltd. | 7,604 | - | 6,720 | 36 | (437) | 25 | - |
Tokyo Kisen Co. Ltd. | 2,375 | - | 1,011 | - | (184) | 120 | - |
Tokyo Tekko Co. Ltd. | 17,974 | - | 8,662 | 221 | 2,811 | 1,761 | - |
Tomen Devices Corp. | 14,861 | - | 11,217 | - | 2,800 | (2,813) | - |
Totech Corp. | 33,307 | - | 224 | 329 | 186 | 130 | 33,399 |
Trancom Co. Ltd. | 40,598 | - | 302 | 326 | 295 | (2,054) | 38,537 |
Universal Logistics Holdings, Inc. | 39,325 | 3,976 | 1,556 | 282 | (39) | (379) | 41,327 |
Utah Medical Products, Inc. | 21,109 | - | 132 | 128 | 120 | (4,218) | 16,879 |
VSE Corp. | 62,187 | - | 520 | 230 | 412 | 9,247 | 71,326 |
VSTECS Holdings Ltd. | 56,564 | - | 994 | - | 589 | 2,995 | 59,154 |
WIN-Partners Co. Ltd. | 16,006 | - | 126 | - | 81 | 2,003 | 17,964 |
Whanin Pharmaceutical Co. Ltd. | 16,151 | - | 5,601 | 197 | 3,255 | (2,867) | 10,938 |
Wolverine World Wide, Inc. | 48,342 | 11,943 | 300 | 906 | (48) | (16,212) | 43,725 |
World Holdings Co. Ltd. | 18,967 | - | 16,598 | 43 | (3,155) | 786 | - |
Youngone Holdings Co. Ltd. | 45,318 | - | - | 742 | - | 263 | 45,581 |
Yutaka Giken Co. Ltd. | 16,837 | - | 4,406 | 287 | (3,405) | 7,344 | 16,370 |
Total | 2,891,391 | 94,160 | 651,294 | 41,082 | 250,431 | (451,025) | 1,919,204 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 319,902 | 257,129 | 62,773 | - |
Consumer Discretionary | 3,910,232 | 3,378,047 | 531,874 | 311 |
Consumer Staples | 1,762,145 | 1,221,246 | 540,897 | 2 |
Energy | 2,389,301 | 2,058,060 | 331,241 | - |
Financials | 4,251,611 | 4,092,307 | 159,304 | - |
Health Care | 3,120,108 | 2,574,627 | 545,481 | - |
Industrials | 4,404,292 | 3,460,442 | 943,726 | 124 |
Information Technology | 4,189,385 | 2,922,328 | 1,267,057 | - |
Materials | 1,461,586 | 1,214,115 | 243,951 | 3,520 |
Real Estate | 245,029 | 223,689 | 21,340 | - |
Utilities | 469,959 | 395,177 | 74,782 | - |
Corporate Bonds | - | - | - | - |
Money Market Funds | 409,090 | 409,090 | - | - |
Total Investments in Securities: | 26,932,640 | 22,206,257 | 4,722,426 | 3,957 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | January 31, 2024 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $112,453) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $17,145,919) | $ | 24,604,346 | ||
Fidelity Central Funds (cost $409,058) | 409,090 | |||
Other affiliated issuers (cost $1,391,571) | 1,919,204 | |||
Total Investment in Securities (cost $18,946,548) | $ | 26,932,640 | ||
Cash | 8 | |||
Foreign currency held at value (cost $2,657) | 2,657 | |||
Receivable for investments sold | 82,070 | |||
Receivable for fund shares sold | 7,122 | |||
Dividends receivable | 28,387 | |||
Distributions receivable from Fidelity Central Funds | 1,783 | |||
Prepaid expenses | 23 | |||
Other receivables | 2,230 | |||
Total assets | 27,056,920 | |||
Liabilities | ||||
Payable for investments purchased | $ | 24,371 | ||
Payable for fund shares redeemed | 14,378 | |||
Accrued management fee | 17,763 | |||
Other affiliated payables | 2,716 | |||
Deferred taxes | 17,996 | |||
Other payables and accrued expenses | 2,311 | |||
Collateral on securities loaned | 119,203 | |||
Total Liabilities | 198,738 | |||
Net Assets | $ | 26,858,182 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 17,652,486 | ||
Total accumulated earnings (loss) | 9,205,696 | |||
Net Assets | $ | 26,858,182 | ||
Net Asset Value and Maximum Offering Price | ||||
Low-Priced Stock : | ||||
Net Asset Value, offering price and redemption price per share ($23,756,894 ÷ 544,153 shares) | $ | 43.66 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($3,101,288 ÷ 71,156 shares) | $ | 43.58 |
Statement of Operations | ||||
Amounts in thousands | Six months ended January 31, 2024 (Unaudited) | |||
Investment Income | ||||
Dividends (including $41,082 earned from affiliated issuers) | $ | 276,934 | ||
Interest | 19 | |||
Income from Fidelity Central Funds (including $250 from security lending) | 16,868 | |||
Total Income | 293,821 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 75,787 | ||
Performance adjustment | 29,567 | |||
Transfer agent fees | 15,228 | |||
Accounting fees | 893 | |||
Custodian fees and expenses | 920 | |||
Independent trustees' fees and expenses | 78 | |||
Registration fees | 70 | |||
Audit | 228 | |||
Legal | 27 | |||
Miscellaneous | 47 | |||
Total expenses before reductions | 122,845 | |||
Expense reductions | (1,142) | |||
Total expenses after reductions | 121,703 | |||
Net Investment income (loss) | 172,118 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $859) | 1,349,716 | |||
Redemptions in-kind | 936,580 | |||
Affiliated issuers | 250,431 | |||
Foreign currency transactions | (984) | |||
Total net realized gain (loss) | 2,535,743 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $8,824) | (1,045,079) | |||
Affiliated issuers | (451,025) | |||
Assets and liabilities in foreign currencies | 387 | |||
Total change in net unrealized appreciation (depreciation) | (1,495,717) | |||
Net gain (loss) | 1,040,026 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,212,144 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended January 31, 2024 (Unaudited) | Year ended July 31, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 172,118 | $ | 446,838 |
Net realized gain (loss) | 2,535,743 | 5,156,289 | ||
Change in net unrealized appreciation (depreciation) | (1,495,717) | (2,788,534) | ||
Net increase (decrease) in net assets resulting from operations | 1,212,144 | 2,814,593 | ||
Distributions to shareholders | (4,564,405) | (2,504,391) | ||
Share transactions - net increase (decrease) | 2,084,099 | (543,038) | ||
Total increase (decrease) in net assets | (1,268,162) | (232,836) | ||
Net Assets | ||||
Beginning of period | 28,126,344 | 28,359,180 | ||
End of period | $ | 26,858,182 | $ | 28,126,344 |
Fidelity® Low-Priced Stock Fund |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 49.91 | $ | 49.42 | $ | 58.05 | $ | 44.78 | $ | 49.03 | $ | 55.65 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .28 | .75 | .74 | .58 | .73 | .91 | ||||||
Net realized and unrealized gain (loss) | 1.53 | 4.11 | (2.86) | 18.11 | (.91) | (1.69) | ||||||
Total from investment operations | 1.81 | 4.86 | (2.12) | 18.69 | (.18) | (.78) | ||||||
Distributions from net investment income | (.89) | (.55) | (.83) | (.86) | (.89) | (.84) | ||||||
Distributions from net realized gain | (7.17) | (3.81) | (5.68) | (4.56) | (3.19) | (5.00) | ||||||
Total distributions | (8.06) | (4.37) C | (6.51) | (5.42) | (4.07) C | (5.84) | ||||||
Net asset value, end of period | $ | 43.66 | $ | 49.91 | $ | 49.42 | $ | 58.05 | $ | 44.78 | $ | 49.03 |
Total Return D,E | 4.84% | 10.78% | (4.16)% | 45.83% | (.48)% | (1.20)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .94% H | .92% | .82% | .65% | .78% | .52% | ||||||
Expenses net of fee waivers, if any | .93% H | .92% | .82% | .64% | .78% | .52% | ||||||
Expenses net of all reductions | .93% H | .92% | .82% | .64% | .78% | .51% | ||||||
Net investment income (loss) | 1.29% H | 1.61% | 1.41% | 1.12% | 1.64% | 1.86% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 23,757 | $ | 24,755 | $ | 24,633 | $ | 28,251 | $ | 19,517 | $ | 24,047 |
Portfolio turnover rate I | 22% H,J | 39% | 14% | 21% | 9% K | 17% |
Fidelity® Low-Priced Stock Fund Class K |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 49.86 | $ | 49.38 | $ | 58.00 | $ | 44.75 | $ | 49.01 | $ | 55.63 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .30 | .79 | .79 | .62 | .77 | .96 | ||||||
Net realized and unrealized gain (loss) | 1.52 | 4.09 | (2.85) | 18.09 | (.91) | (1.69) | ||||||
Total from investment operations | 1.82 | 4.88 | (2.06) | 18.71 | (.14) | (.73) | ||||||
Distributions from net investment income | (.93) | (.59) | (.88) | (.90) | (.93) | (.89) | ||||||
Distributions from net realized gain | (7.17) | (3.81) | (5.68) | (4.56) | (3.19) | (5.00) | ||||||
Total distributions | (8.10) | (4.40) | (6.56) | (5.46) | (4.12) | (5.89) | ||||||
Net asset value, end of period | $ | 43.58 | $ | 49.86 | $ | 49.38 | $ | 58.00 | $ | 44.75 | $ | 49.01 |
Total Return C,D | 4.87% | 10.86% | (4.07)% | 45.94% | (.41)% | (1.10)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .86% G | .84% | .74% | .56% | .69% | .43% | ||||||
Expenses net of fee waivers, if any | .85% G | .84% | .74% | .56% | .69% | .43% | ||||||
Expenses net of all reductions | .85% G | .84% | .74% | .56% | .69% | .43% | ||||||
Net investment income (loss) | 1.37% G | 1.69% | 1.49% | 1.20% | 1.72% | 1.95% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3,101 | $ | 3,371 | $ | 3,726 | $ | 5,426 | $ | 4,294 | $ | 5,776 |
Portfolio turnover rate H | 22% G,I | 39% | 14% | 21% | 9% J | 17% |
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 Low-Priced Stock Fund | $1,381 |
Gross unrealized appreciation | $9,010,402 |
Gross unrealized depreciation | (1,208,222) |
Net unrealized appreciation (depreciation) | $7,802,180 |
Tax cost | $19,130,460 |
Short-term | $(42,181) |
Long-term | (26,231) |
Total capital loss carryforward | $(68,412) |
Purchases ($) | Sales ($) | |
Fidelity Low-Priced Stock Fund | 2,826,491 | 3,752,792 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Low-Priced Stock Fund | 26,237 | 936,580 | 1,118,059 | Fidelity Low-Priced Stock, Class K |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Low-Priced Stock Fund | 23,440 | 906,841 | 1,086,158 | Fidelity Low-Priced Stock, Class K |
% of Class-Level Average Net Assets | |
Low-Priced Stock | .1239 |
Amount | % of Class-Level Average Net AssetsA | |
Low-Priced Stock | $ 14,573 | .12 |
Class K | 655 | .04 |
$15,228 |
% of Average Net Assets | |
Fidelity Low-Priced Stock Fund | .0065 |
% of Average Net Assets | |
Fidelity Low-Priced Stock Fund | .01 |
Maximum Management Fee Rate % | |
Low-Priced Stock | 0.67 |
Class K | 0.59 |
Performance Adjustment Index | |
Fidelity Low-Priced Stock Fund | Russell 2000 Index |
Amount | |
Fidelity Low-Priced Stock Fund | $ 36 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Low-Priced Stock Fund | 248,385 | 99,607 | 28,277 |
Amount | |
Fidelity Low-Priced Stock Fund | $21 |
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 Low-Priced Stock Fund | $26 | $- A | $- |
Six months ended January 31, 2024 | Year ended July 31, 2023 | |
Fidelity Low-Priced Stock Fund | ||
Distributions to shareholders | ||
Low-Priced Stock | $ 4,020,428 | $2,185,254 |
Class K | 543,977 | 319,137 |
Total | $4,564,405 | $2,504,391 |
Shares | Shares | Dollars | Dollars | |
Six months ended January 31, 2024 | Year ended July 31, 2023 | Six months ended January 31, 2024 | Year ended July 31, 2023 | |
Fidelity Low-Priced Stock Fund | ||||
Low-Priced Stock | ||||
Shares sold | 34,595 | 45,379 | $1,480,853 | $2,113,858 |
Reinvestment of distributions | 88,323 | 44,186 | 3,700,353 | 2,022,615 |
Shares redeemed | (74,727) | (92,009) | (3,228,982) | (4,306,161) |
Net increase (decrease) | 48,191 | (2,444) | $1,952,224 | $(169,688) |
Class K | ||||
Shares sold | 4,721 | 11,247 | $203,837 | $527,756 |
Reinvestment of distributions | 13,006 | 6,981 | 543,960 | 319,132 |
Shares redeemed | (14,181) | (26,083) | (615,922) | (1,220,239) |
Net increase (decrease) | 3,546 | (7,855) | $131,875 | $(373,351) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2023 to January 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2023 | Ending Account Value January 31, 2024 | Expenses Paid During Period- C August 1, 2023 to January 31, 2024 | |||||||
Fidelity® Low-Priced Stock Fund | ||||||||||
Fidelity® Low-Priced Stock Fund | .93% | |||||||||
Actual | $ 1,000 | $ 1,048.40 | $ 4.79 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.46 | $ 4.72 | |||||||
Class K | .85% | |||||||||
Actual | $ 1,000 | $ 1,048.70 | $ 4.38 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.86 | $ 4.32 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Wells Fargo & Co. | 1.9 | |
Elevance Health, Inc. | 1.9 | |
Metro, Inc. | 1.5 | |
Seagate Technology Holdings PLC | 1.5 | |
UnitedHealth Group, Inc. | 1.5 | |
TotalEnergies SE sponsored ADR | 1.5 | |
Next PLC | 1.5 | |
PG&E Corp. | 1.4 | |
Reinsurance Group of America, Inc. | 1.1 | |
Unum Group | 1.1 | |
14.9 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 15.9 | |
Financials | 15.8 | |
Information Technology | 15.6 | |
Consumer Discretionary | 14.5 | |
Health Care | 11.4 | |
Energy | 8.8 | |
Consumer Staples | 6.5 | |
Materials | 5.5 | |
Utilities | 1.7 | |
Communication Services | 1.2 | |
Real Estate | 0.9 | |
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 - 97.8% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 1.2% | |||
Entertainment - 0.5% | |||
GungHo Online Entertainment, Inc. | 59,993 | 1,008,625 | |
International Games Systems Co. Ltd. | 224,400 | 5,937,890 | |
Warner Bros Discovery, Inc. (a) | 876,695 | 8,784,484 | |
15,730,999 | |||
Interactive Media & Services - 0.2% | |||
Cars.com, Inc. (a) | 369,572 | 6,441,640 | |
JOYY, Inc. ADR | 25,177 | 771,927 | |
New Work SE | 4,354 | 290,792 | |
7,504,359 | |||
Media - 0.5% | |||
Comcast Corp. Class A | 258,253 | 12,019,095 | |
Intage Holdings, Inc. (b) | 26,155 | 309,211 | |
Nexstar Media Group, Inc. Class A | 23,191 | 4,121,273 | |
Pico Far East Holdings Ltd. | 2,520,418 | 487,288 | |
Reach PLC | 679,483 | 531,735 | |
RKB Mainichi Broadcasting Corp. | 3,372 | 114,498 | |
Thryv Holdings, Inc. (a) | 51,032 | 1,043,094 | |
Trenders, Inc. (b) | 18,017 | 114,193 | |
18,740,387 | |||
TOTAL COMMUNICATION SERVICES | 41,975,745 | ||
CONSUMER DISCRETIONARY - 14.5% | |||
Automobile Components - 1.5% | |||
Adient PLC (a) | 113,593 | 3,942,813 | |
ASTI Corp. | 12,154 | 258,376 | |
Brembo SpA | 126,636 | 1,565,627 | |
Cie Automotive SA | 199,790 | 5,289,870 | |
DaikyoNishikawa Corp. | 59,380 | 297,151 | |
Gentex Corp. | 70,870 | 2,347,923 | |
GUD Holdings Ltd. | 11,420 | 90,647 | |
Hi-Lex Corp. | 12,638 | 133,000 | |
LCI Industries | 156,426 | 17,407,085 | |
Lear Corp. | 91,926 | 12,216,965 | |
Motonic Corp. | 197,504 | 1,218,903 | |
Patrick Industries, Inc. | 21,421 | 2,150,454 | |
PT Selamat Sempurna Tbk | 6,849,800 | 869,829 | |
SNT Holdings Co. Ltd. | 104,262 | 1,504,880 | |
Yutaka Giken Co. Ltd. | 90,651 | 1,625,115 | |
50,918,638 | |||
Automobiles - 0.6% | |||
General Motors Co. | 191,895 | 7,445,526 | |
Harley-Davidson, Inc. | 281,171 | 9,123,999 | |
Isuzu Motors Ltd. | 142,343 | 1,942,263 | |
Kabe Husvagnar AB (B Shares) | 26,703 | 830,087 | |
19,341,875 | |||
Broadline Retail - 2.3% | |||
ASKUL Corp. | 408,379 | 5,519,919 | |
B&M European Value Retail SA | 1,105,122 | 7,263,103 | |
Belluna Co. Ltd. | 206,452 | 888,388 | |
Big Lots, Inc. | 144,317 | 828,380 | |
Europris ASA (c) | 314,600 | 2,361,613 | |
Gwangju Shinsegae Co. Ltd. | 24,227 | 554,445 | |
Kohl's Corp. (b) | 147,976 | 3,811,862 | |
Macy's, Inc. (b) | 137,655 | 2,517,710 | |
Max Stock Ltd. | 175,275 | 357,493 | |
Next PLC | 477,626 | 51,256,417 | |
Rusta AB | 543,682 | 3,825,284 | |
Vipshop Holdings Ltd. ADR (a) | 119,919 | 1,905,513 | |
81,090,127 | |||
Distributors - 0.4% | |||
Arata Corp. | 130,054 | 2,886,711 | |
Autohellas SA | 22,880 | 331,334 | |
Central Automotive Products Ltd. | 32,258 | 1,064,709 | |
Inchcape PLC | 678,400 | 5,889,194 | |
PALTAC Corp. | 175,007 | 5,328,163 | |
15,500,111 | |||
Diversified Consumer Services - 0.3% | |||
Aucnet, Inc. | 23,380 | 335,211 | |
Cross-Harbour Holdings Ltd. | 262,916 | 250,206 | |
Frontdoor, Inc. (a) | 59,591 | 1,952,201 | |
Gakkyusha Co. Ltd. | 8,627 | 120,702 | |
H&R Block, Inc. | 155,362 | 7,277,156 | |
JP-Holdings, Inc. | 111,533 | 346,189 | |
ME Group International PLC | 850,406 | 1,368,704 | |
Step Co. Ltd. | 34,312 | 475,444 | |
12,125,813 | |||
Hotels, Restaurants & Leisure - 0.3% | |||
Betsson AB (B Shares) | 457,255 | 4,982,652 | |
Brinker International, Inc. (a) | 72,586 | 3,105,955 | |
Hollywood Bowl Group PLC | 29,200 | 110,645 | |
Ibersol SGPS SA (b) | 169,639 | 1,224,637 | |
J.D. Wetherspoon PLC (a) | 189,555 | 2,017,874 | |
11,441,763 | |||
Household Durables - 3.3% | |||
Ace Bed Co. Ltd. | 669 | 12,770 | |
Barratt Developments PLC | 2,564,072 | 17,560,020 | |
Bellway PLC | 479,207 | 16,761,453 | |
Chervon Holdings Ltd. | 1,382,768 | 2,810,804 | |
Cuckoo Holdings Co. Ltd. | 49,130 | 582,891 | |
D.R. Horton, Inc. | 33,025 | 4,719,603 | |
Emak SpA | 471,381 | 535,911 | |
First Juken Co. Ltd. (b) | 147,234 | 1,112,671 | |
FJ Next Co. Ltd. | 144,339 | 1,217,204 | |
Gree Electric Appliances, Inc. of Zhuhai (A Shares) | 1,094,046 | 5,389,526 | |
Helen of Troy Ltd. (a)(b) | 180,313 | 20,645,839 | |
JM AB (B Shares) | 176,461 | 2,892,789 | |
Open House Group Co. Ltd. | 66,046 | 2,065,398 | |
Pressance Corp. | 384,269 | 4,346,421 | |
Tempur Sealy International, Inc. | 202,197 | 10,087,608 | |
Token Corp. | 28,774 | 1,845,203 | |
TopBuild Corp. (a) | 12,277 | 4,531,809 | |
Vistry Group PLC | 1,485,939 | 18,925,462 | |
ZAGG, Inc. rights (a)(d) | 384 | 0 | |
116,043,382 | |||
Leisure Products - 0.2% | |||
Brunswick Corp. | 67,139 | 5,416,775 | |
Miroku Corp. | 35 | 358 | |
Roland Corp. | 34,986 | 1,162,370 | |
6,579,503 | |||
Specialty Retail - 3.9% | |||
Academy Sports & Outdoors, Inc. | 79,260 | 4,971,980 | |
Arcland Sakamoto Co. Ltd. | 136,276 | 1,560,569 | |
AutoZone, Inc. (a) | 12,413 | 34,286,320 | |
BHG Group AB (a) | 544,022 | 890,267 | |
BMTC Group, Inc. | 309,815 | 2,834,411 | |
Buffalo Co. Ltd. | 6,083 | 57,292 | |
Dick's Sporting Goods, Inc. | 65,540 | 9,770,048 | |
Foot Locker, Inc. | 281,934 | 7,939,261 | |
Formosa Optical Technology Co. Ltd. | 161,000 | 450,164 | |
Fuji Corp. | 60,494 | 726,890 | |
Goldlion Holdings Ltd. | 3,198,624 | 429,273 | |
Hamee Corp. | 75,058 | 552,709 | |
Handsman Co. Ltd. | 42,185 | 286,617 | |
IA Group Corp. | 12,231 | 294,223 | |
JD Sports Fashion PLC | 4,815,617 | 7,143,364 | |
Jumbo SA | 896,580 | 25,192,284 | |
K's Holdings Corp. | 69,134 | 628,302 | |
Kid ASA (c) | 8,033 | 102,654 | |
Ku Holdings Co. Ltd. | 39,878 | 320,683 | |
Leon's Furniture Ltd. | 37,348 | 591,145 | |
Maisons du Monde SA (c) | 106,511 | 514,756 | |
Mr. Bricolage SA (a) | 72,483 | 634,492 | |
Nafco Co. Ltd. | 244,599 | 3,707,118 | |
Papyless Co. Ltd. | 814 | 5,099 | |
Pendragon PLC (a) | 1,668,726 | 768,721 | |
Pets At Home Group PLC | 235,741 | 837,110 | |
Ross Stores, Inc. | 49,894 | 6,999,130 | |
Sally Beauty Holdings, Inc. (a) | 1,029,692 | 12,685,805 | |
Sportsman's Warehouse Holdings, Inc. (a) | 344,540 | 1,326,479 | |
Syuppin Co. Ltd. | 36,060 | 254,181 | |
The Hour Glass Ltd. | 228,790 | 258,851 | |
Valvoline, Inc. (a) | 1,226 | 44,737 | |
WH Smith PLC | 215,239 | 3,303,274 | |
Williams-Sonoma, Inc. | 28,073 | 5,429,037 | |
135,797,246 | |||
Textiles, Apparel & Luxury Goods - 1.7% | |||
Best Pacific International Holdings Ltd. | 4,932,354 | 679,290 | |
Crocs, Inc. (a) | 6,275 | 636,787 | |
Deckers Outdoor Corp. (a) | 755 | 569,066 | |
Embry Holdings Ltd. (a) | 202,454 | 10,661 | |
Gildan Activewear, Inc. | 410,516 | 13,557,150 | |
Handsome Co. Ltd. | 187,090 | 2,610,934 | |
Kontoor Brands, Inc. | 98,094 | 5,750,270 | |
Levi Strauss & Co. Class A (b) | 558,959 | 9,099,853 | |
PVH Corp. | 110,770 | 13,321,200 | |
Sun Hing Vision Group Holdings Ltd. | 1,661,819 | 158,148 | |
Texwinca Holdings Ltd. | 3,511,467 | 368,280 | |
Victory City International Holdings Ltd. (d) | 4,590,144 | 170,267 | |
Wolverine World Wide, Inc. | 713,523 | 5,965,052 | |
Youngone Corp. | 27,064 | 971,612 | |
Youngone Holdings Co. Ltd. | 103,285 | 6,260,374 | |
60,128,944 | |||
TOTAL CONSUMER DISCRETIONARY | 508,967,402 | ||
CONSUMER STAPLES - 6.5% | |||
Beverages - 0.4% | |||
A.G. Barr PLC | 238,424 | 1,716,239 | |
Britvic PLC | 802,657 | 8,976,854 | |
Viva Wine Group AB | 317,300 | 1,248,570 | |
11,941,663 | |||
Consumer Staples Distribution & Retail - 4.6% | |||
Acomo NV | 16,375 | 310,750 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 287,771 | 16,862,360 | |
Atacadao SA | 882,700 | 1,854,696 | |
Belc Co. Ltd. | 152,916 | 6,533,348 | |
BJ's Wholesale Club Holdings, Inc. (a) | 198,963 | 12,801,279 | |
Corporativo Fragua S.A.B. de CV | 32,601 | 1,022,836 | |
Cosmos Pharmaceutical Corp. | 119,638 | 12,850,816 | |
Create SD Holdings Co. Ltd. | 398,107 | 8,663,340 | |
Eurocash SA | 43,296 | 164,354 | |
G-7 Holdings, Inc. | 149,047 | 1,270,622 | |
Genky DrugStores Co. Ltd. | 146,828 | 6,680,350 | |
Halows Co. Ltd. | 169,410 | 5,023,162 | |
MARR SpA | 9,186 | 111,980 | |
MARR SpA | 1,900 | 23,162 | |
Metro, Inc. | 1,028,441 | 53,998,029 | |
North West Co., Inc. | 9,056 | 261,957 | |
Performance Food Group Co. (a) | 11,866 | 862,421 | |
Sprouts Farmers Market LLC (a) | 498,552 | 25,112,064 | |
Tsuruha Holdings, Inc. | 18,829 | 1,490,027 | |
U.S. Foods Holding Corp. (a) | 14,529 | 668,479 | |
YAKUODO Holdings Co. Ltd. | 18,796 | 330,001 | |
Yaoko Co. Ltd. | 104,751 | 6,043,909 | |
162,939,942 | |||
Food Products - 1.1% | |||
Armanino Foods of Distinction | 149,886 | 723,949 | |
Axyz Co. Ltd. | 2,391 | 48,173 | |
Carr's Group PLC (b) | 665,986 | 1,080,325 | |
Century Pacific Food, Inc. | 2,140,076 | 1,242,145 | |
Delfi Ltd. | 371,472 | 303,366 | |
Food Empire Holdings Ltd. | 2,724,956 | 2,735,324 | |
Gruma S.A.B. de CV Series B | 59,764 | 1,118,785 | |
Inghams Group Ltd. | 696,014 | 1,947,656 | |
Ingredion, Inc. | 33,216 | 3,573,045 | |
Lamb Weston Holdings, Inc. | 78,617 | 8,053,525 | |
Nomad Foods Ltd. | 71,337 | 1,283,353 | |
Ottogi Corp. | 8,893 | 2,665,837 | |
Pacific Andes International Holdings Ltd. (a)(d) | 3,104,000 | 4 | |
Pacific Andes Resources Development Ltd. (a)(d) | 1,379,862 | 10 | |
Pickles Holdings Co. Ltd. | 42,595 | 372,223 | |
Rocky Mountain Chocolate Factory, Inc. (a) | 67,258 | 269,032 | |
S Foods, Inc. | 96,660 | 2,173,583 | |
Seaboard Corp. | 1,808 | 6,514,224 | |
Sunjin Co. Ltd. | 10,720 | 52,657 | |
Sunjuice Holdings Co. Ltd. | 22,000 | 161,761 | |
Tate & Lyle PLC | 557,291 | 4,399,968 | |
38,718,945 | |||
Household Products - 0.0% | |||
Transaction Co. Ltd. | 65,662 | 1,097,858 | |
Personal Care Products - 0.3% | |||
Hengan International Group Co. Ltd. | 1,333,654 | 4,129,648 | |
Sarantis SA | 452,776 | 4,296,186 | |
TCI Co. Ltd. | 41,000 | 224,867 | |
8,650,701 | |||
Tobacco - 0.1% | |||
KT&G Corp. | 33,810 | 2,296,207 | |
Scandinavian Tobacco Group A/S (c) | 84,171 | 1,509,515 | |
3,805,722 | |||
TOTAL CONSUMER STAPLES | 227,154,831 | ||
ENERGY - 8.8% | |||
Energy Equipment & Services - 0.2% | |||
Cactus, Inc. | 17,300 | 734,212 | |
John Wood Group PLC (a) | 2,289,773 | 4,570,381 | |
PHX Energy Services Corp. | 144,101 | 1,001,081 | |
Total Energy Services, Inc. | 154,496 | 1,082,489 | |
Vallourec SA (a) | 45,600 | 657,148 | |
8,045,311 | |||
Oil, Gas & Consumable Fuels - 8.6% | |||
Antero Resources Corp. (a) | 880,281 | 19,665,478 | |
Berry Corp. | 504,268 | 3,383,638 | |
Bonterra Energy Corp. (a)(b) | 66,046 | 239,730 | |
Cenovus Energy, Inc. (Canada) | 1,378,106 | 22,325,225 | |
China Petroleum & Chemical Corp. (H Shares) | 11,833,459 | 6,155,807 | |
Chord Energy Corp. | 202,637 | 31,157,465 | |
Civitas Resources, Inc. (b) | 359,985 | 23,330,628 | |
CNX Resources Corp. (a) | 210,231 | 4,246,666 | |
Diamondback Energy, Inc. | 68,939 | 10,598,682 | |
Energy Transfer LP | 91,520 | 1,308,736 | |
Enterprise Products Partners LP | 235,217 | 6,294,407 | |
Exxon Mobil Corp. | 6,200 | 637,422 | |
INPEX Corp. | 25,820 | 350,957 | |
Iwatani Corp. | 11,801 | 527,345 | |
NACCO Industries, Inc. Class A | 39,494 | 1,432,842 | |
Northern Oil & Gas, Inc. | 226,421 | 7,585,104 | |
Oil & Natural Gas Corp. Ltd. | 5,508,769 | 16,726,854 | |
Oil India Ltd. | 1,763,400 | 9,051,704 | |
Ovintiv, Inc. | 881,830 | 37,407,229 | |
Parkland Corp. | 64,602 | 2,204,574 | |
Petronet LNG Ltd. | 1,973,300 | 6,394,194 | |
Range Resources Corp. | 835,845 | 24,272,939 | |
Scorpio Tankers, Inc. | 8,098 | 572,529 | |
Shell PLC (London) | 110,466 | 3,424,703 | |
Southwestern Energy Co. (a) | 1,843,003 | 11,887,369 | |
TotalEnergies SE sponsored ADR (b) | 788,737 | 51,409,878 | |
Unit Corp. | 19,125 | 762,131 | |
Unit Corp. warrants 9/3/27 (a) | 14,052 | 12,647 | |
303,366,883 | |||
TOTAL ENERGY | 311,412,194 | ||
FINANCIALS - 15.8% | |||
Banks - 5.8% | |||
ACNB Corp. | 45,519 | 1,776,607 | |
Associated Banc-Corp. | 590,315 | 12,402,518 | |
Bar Harbor Bankshares | 80,122 | 2,108,010 | |
Cadence Bank | 475,887 | 12,668,112 | |
Camden National Corp. | 40,944 | 1,475,212 | |
Central Pacific Financial Corp. | 16,895 | 325,567 | |
Community Trust Bancorp, Inc. | 7,474 | 310,171 | |
East West Bancorp, Inc. | 108,710 | 7,915,175 | |
First Bancorp, Puerto Rico | 366,523 | 6,113,604 | |
First Foundation, Inc. | 2,823 | 26,875 | |
FNB Corp., Pennsylvania | 680,769 | 8,972,535 | |
Intercorp Financial Services, Inc. | 76,017 | 1,782,599 | |
KeyCorp | 246,461 | 3,581,078 | |
Nicolet Bankshares, Inc. | 24,747 | 1,924,574 | |
Oak Valley Bancorp Oakdale California (b) | 15,461 | 402,759 | |
OFG Bancorp | 11,728 | 431,239 | |
Plumas Bancorp | 23,356 | 824,000 | |
QCR Holdings, Inc. | 72,539 | 4,237,003 | |
Southern Missouri Bancorp, Inc. | 35,775 | 1,560,148 | |
Sparebank 1 Oestlandet | 254,924 | 2,966,811 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) | 138,059 | 1,677,619 | |
Sparebanken Nord-Norge | 304,869 | 3,003,107 | |
Synovus Financial Corp. | 426,254 | 16,052,726 | |
The First Bancorp, Inc. | 21,925 | 548,125 | |
U.S. Bancorp | 227,182 | 9,437,140 | |
Union Bankshares, Inc. | 15,520 | 465,134 | |
United Community Bank, Inc. | 381,091 | 10,419,028 | |
Unity Bancorp, Inc. | 13,198 | 361,493 | |
Washington Trust Bancorp, Inc. | 80,522 | 2,239,317 | |
Webster Financial Corp. | 171,283 | 8,475,083 | |
Wells Fargo & Co. | 1,348,682 | 67,676,866 | |
West Bancorp., Inc. | 76,337 | 1,435,899 | |
Wintrust Financial Corp. | 100,720 | 9,767,826 | |
203,363,960 | |||
Capital Markets - 2.3% | |||
ABG Sundal Collier ASA | 692,682 | 415,586 | |
Antin Infrastructure Partners SA | 50,158 | 924,750 | |
Azimut Holding SpA | 14,182 | 396,956 | |
Banca Generali SpA | 42,379 | 1,621,284 | |
Bank of New York Mellon Corp. | 13,836 | 767,345 | |
DWS Group GmbH & Co. KGaA (c) | 18,951 | 777,844 | |
Federated Hermes, Inc. | 340,262 | 11,895,560 | |
Korea Ratings Corp. | 4,839 | 280,977 | |
Lazard, Inc. Class A | 361,289 | 14,083,045 | |
LPL Financial | 38,844 | 9,291,096 | |
Rathbone Brothers PLC | 235,816 | 4,954,927 | |
Raymond James Financial, Inc. | 204,467 | 22,528,174 | |
SEI Investments Co. | 1,017 | 64,315 | |
Stifel Financial Corp. | 130,753 | 9,538,431 | |
T. Rowe Price Group, Inc. | 1,225 | 132,851 | |
Van Lanschot Kempen NV (Bearer) | 113,603 | 3,431,443 | |
Vontobel Holdings AG | 27,690 | 1,835,411 | |
82,939,995 | |||
Consumer Finance - 1.2% | |||
Aeon Credit Service (Asia) Co. Ltd. | 1,923,126 | 1,323,077 | |
Discover Financial Services | 335,043 | 35,353,737 | |
OneMain Holdings, Inc. | 106,949 | 5,090,772 | |
41,767,586 | |||
Financial Services - 1.6% | |||
ASAX Co. Ltd. | 1,332 | 6,757 | |
Enact Holdings, Inc. | 155,740 | 4,437,033 | |
Essent Group Ltd. | 217,006 | 11,970,051 | |
Far East Horizon Ltd. | 433,170 | 317,563 | |
Federal Agricultural Mortgage Corp.: | |||
Class A (multi-vtg.) | 612 | 94,352 | |
Class C (non-vtg.) | 41,400 | 7,712,406 | |
FleetCor Technologies, Inc. (a) | 74,526 | 21,607,323 | |
Fuyo General Lease Co. Ltd. | 15,582 | 1,393,440 | |
Nice Information & Telecom, Inc. | 46,280 | 752,135 | |
Tokyo Century Corp. | 73,171 | 813,031 | |
Zenkoku Hosho Co. Ltd. | 204,012 | 7,591,987 | |
56,696,078 | |||
Insurance - 4.9% | |||
American Financial Group, Inc. | 101,653 | 12,239,021 | |
ASR Nederland NV | 253,621 | 11,980,396 | |
Db Insurance Co. Ltd. | 37,780 | 2,492,218 | |
Direct Line Insurance Group PLC (a) | 6,045,184 | 12,977,839 | |
First American Financial Corp. | 87,668 | 5,290,764 | |
Grupo Catalana Occidente SA | 49,906 | 1,787,893 | |
Hartford Financial Services Group, Inc. | 54,352 | 4,726,450 | |
Hiscox Ltd. | 13,627 | 179,430 | |
National Western Life Group, Inc. | 727 | 351,868 | |
NN Group NV | 136,808 | 5,607,518 | |
Primerica, Inc. | 53,437 | 12,512,808 | |
Qualitas Controladora S.A.B. de CV | 78,135 | 863,360 | |
Reinsurance Group of America, Inc. | 226,813 | 39,440,513 | |
Selective Insurance Group, Inc. | 140,397 | 14,722,029 | |
Stewart Information Services Corp. | 68,747 | 4,238,940 | |
Talanx AG | 67,129 | 4,719,137 | |
The Travelers Companies, Inc. | 3,038 | 642,112 | |
Unum Group | 792,366 | 38,302,972 | |
173,075,268 | |||
TOTAL FINANCIALS | 557,842,887 | ||
HEALTH CARE - 11.4% | |||
Biotechnology - 0.5% | |||
Amgen, Inc. | 413 | 129,789 | |
Cell Biotech Co. Ltd. | 37,497 | 321,892 | |
Essex Bio-Technology Ltd. | 1,358,024 | 446,862 | |
Gilead Sciences, Inc. | 165,729 | 12,969,952 | |
Regeneron Pharmaceuticals, Inc. (a) | 520 | 490,246 | |
United Therapeutics Corp. (a) | 18,768 | 4,030,991 | |
18,389,732 | |||
Health Care Equipment & Supplies - 0.9% | |||
Dentsply Sirona, Inc. | 175,374 | 6,094,247 | |
Embecta Corp. | 264,724 | 4,537,369 | |
Fukuda Denshi Co. Ltd. | 217,428 | 11,593,561 | |
InBody Co. Ltd. | 85,500 | 1,586,047 | |
Nakanishi, Inc. | 47,626 | 779,440 | |
Prim SA | 118,761 | 1,328,371 | |
Techno Medica Co. Ltd. | 2,970 | 39,676 | |
Utah Medical Products, Inc. | 25,866 | 2,048,846 | |
Value Added Technology Co. Ltd. | 63,387 | 1,520,032 | |
Vieworks Co. Ltd. | 43,800 | 895,272 | |
Zimmer Biomet Holdings, Inc. | 3,740 | 469,744 | |
30,892,605 | |||
Health Care Providers & Services - 8.4% | |||
Centene Corp. (a) | 359,984 | 27,110,395 | |
Ci Medical Co. Ltd. | 13,436 | 383,069 | |
Cigna Group | 120,730 | 36,333,694 | |
CVS Health Corp. | 99,739 | 7,417,589 | |
Elevance Health, Inc. | 133,085 | 65,669,462 | |
Henry Schein, Inc. (a) | 101,706 | 7,611,677 | |
Hi-Clearance, Inc. | 186,882 | 796,698 | |
Humana, Inc. | 47,490 | 17,954,069 | |
Laboratory Corp. of America Holdings | 64,456 | 14,328,569 | |
Medica Sur SA de CV | 140,874 | 333,124 | |
Quest Diagnostics, Inc. | 54,633 | 7,016,516 | |
Select Medical Holdings Corp. | 15,601 | 405,470 | |
Ship Healthcare Holdings, Inc. | 74,838 | 1,135,806 | |
Sinopharm Group Co. Ltd. (H Shares) | 5,198,931 | 13,670,511 | |
UnitedHealth Group, Inc. | 104,491 | 53,472,224 | |
Universal Health Services, Inc. Class B | 235,964 | 37,473,443 | |
WIN-Partners Co. Ltd. | 254,473 | 2,200,580 | |
293,312,896 | |||
Health Care Technology - 0.0% | |||
Software Service, Inc. | 5,826 | 494,926 | |
Life Sciences Tools & Services - 0.5% | |||
ICON PLC (a) | 69,805 | 18,210,030 | |
Pharmaceuticals - 1.1% | |||
China Medical System Holdings Ltd. | 1,200,632 | 1,715,742 | |
Consun Pharmaceutical Group Ltd. | 478,054 | 325,882 | |
Dai Han Pharmaceutical Co. Ltd. | 32,100 | 676,445 | |
Daito Pharmaceutical Co. Ltd. | 10,054 | 134,222 | |
Dawnrays Pharmaceutical Holdings Ltd. | 7,780,641 | 1,111,125 | |
DongKook Pharmaceutical Co. Ltd. | 158,280 | 2,116,306 | |
Faes Farma SA | 373,054 | 1,227,621 | |
Genomma Lab Internacional SA de CV | 268,248 | 220,066 | |
Granules India Ltd. | 73,527 | 367,726 | |
Huons Co. Ltd. | 78,866 | 2,029,644 | |
Hypera SA | 232,300 | 1,487,744 | |
Jazz Pharmaceuticals PLC (a) | 29,632 | 3,636,439 | |
Korea United Pharm, Inc. | 4,980 | 91,284 | |
Kwang Dong Pharmaceutical Co. Ltd. | 450,892 | 2,447,127 | |
Nippon Chemiphar Co. Ltd. | 666 | 7,227 | |
Recordati SpA | 75,843 | 4,204,729 | |
Sanofi SA | 164,342 | 16,458,115 | |
Sanofi SA sponsored ADR | 15,897 | 793,260 | |
Syngen Biotech Co. Ltd. | 35,000 | 168,732 | |
39,219,436 | |||
TOTAL HEALTH CARE | 400,519,625 | ||
INDUSTRIALS - 15.9% | |||
Aerospace & Defense - 0.7% | |||
Cadre Holdings, Inc. | 179,694 | 6,107,799 | |
Huntington Ingalls Industries, Inc. | 56,808 | 14,708,727 | |
Leonardo DRS, Inc. (a) | 53,271 | 1,033,990 | |
Rheinmetall AG | 3,280 | 1,151,317 | |
V2X, Inc. (a) | 48,317 | 1,879,048 | |
24,880,881 | |||
Air Freight & Logistics - 0.4% | |||
AIT Corp. | 19,787 | 253,648 | |
Compania de Distribucion Integral Logista Holdings SA | 157,297 | 4,460,560 | |
Hamakyorex Co. Ltd. | 150,259 | 4,183,832 | |
SENKO Co. Ltd. | 60,184 | 470,543 | |
Sinotrans Ltd. (H Shares) | 3,608,783 | 1,505,489 | |
Trancom Co. Ltd. | 72,108 | 3,417,239 | |
14,291,311 | |||
Building Products - 0.8% | |||
Builders FirstSource, Inc. (a) | 35,022 | 6,084,372 | |
Hayward Holdings, Inc. (a) | 1,260,528 | 15,781,811 | |
Janus International Group, Inc. (a) | 201,281 | 2,848,126 | |
Kondotec, Inc. | 193,044 | 1,605,820 | |
Nihon Dengi Co. Ltd. | 37,308 | 1,387,033 | |
Nihon Flush Co. Ltd. | 135,605 | 864,309 | |
Owens Corning | 4,246 | 643,396 | |
Sekisui Jushi Corp. | 15,984 | 275,306 | |
29,490,173 | |||
Commercial Services & Supplies - 1.0% | |||
Aeon Delight Co. Ltd. | 23,978 | 614,197 | |
AJIS Co. Ltd. | 85,543 | 1,533,229 | |
BIC SA | 4,997 | 346,157 | |
Civeo Corp. | 127,552 | 2,831,654 | |
CoreCivic, Inc. (a) | 426,760 | 6,068,527 | |
CTS Co. Ltd. | 23,782 | 112,460 | |
Fursys, Inc. | 10,628 | 243,841 | |
Lion Rock Group Ltd. | 1,796,848 | 239,383 | |
Mears Group PLC | 29,978 | 130,310 | |
Mitie Group PLC | 5,756,610 | 7,543,394 | |
Pilot Corp. | 560 | 15,638 | |
Prestige International, Inc. | 284,800 | 1,169,435 | |
Prosegur Compania de Seguridad SA (Reg.) | 34,901 | 66,157 | |
S1 Corp. | 38,950 | 1,663,604 | |
Takkt AG | 78,672 | 1,149,482 | |
The GEO Group, Inc. (a) | 252,884 | 2,812,070 | |
VSE Corp. | 151,906 | 9,434,882 | |
35,974,420 | |||
Construction & Engineering - 1.0% | |||
Boustead Singapore Ltd. | 697,464 | 451,601 | |
Bowman Consulting Group Ltd. (a) | 60,452 | 1,898,797 | |
Dai-Dan Co. Ltd. | 23,901 | 265,282 | |
Daiichi Kensetsu Corp. | 120,146 | 1,473,065 | |
EMCOR Group, Inc. | 84,687 | 19,317,952 | |
Fuji Furukawa Engineering & Construction Co. Ltd. | 1,707 | 63,760 | |
Geumhwa PSC Co. Ltd. | 34,039 | 646,423 | |
Meisei Industrial Co. Ltd. | 48,017 | 378,463 | |
Mirait One Corp. | 38,728 | 511,673 | |
Nippon Rietec Co. Ltd. | 78,608 | 690,639 | |
Primoris Services Corp. | 113,126 | 3,710,533 | |
Raiznext Corp. | 440,045 | 4,682,662 | |
Shinnihon Corp. | 118,775 | 977,349 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 9,958 | 4,995 | |
United Integrated Services Co. | 32,200 | 284,930 | |
35,358,124 | |||
Electrical Equipment - 1.4% | |||
Acuity Brands, Inc. | 93,839 | 22,348,696 | |
Aichi Electric Co. Ltd. | 37,924 | 1,012,106 | |
AQ Group AB | 98,541 | 5,151,159 | |
Chiyoda Integre Co. Ltd. | 40,586 | 759,412 | |
GrafTech International Ltd. | 2,300,822 | 3,060,093 | |
Hammond Power Solutions, Inc. Class A (b) | 36,070 | 2,494,543 | |
Korea Electric Terminal Co. Ltd. | 59,986 | 3,118,462 | |
nVent Electric PLC | 63,037 | 3,784,741 | |
Sensata Technologies, Inc. PLC | 45,427 | 1,643,095 | |
TKH Group NV (bearer) (depositary receipt) | 120,944 | 4,890,950 | |
Vitzrocell Co. Ltd. | 12,100 | 158,734 | |
48,421,991 | |||
Ground Transportation - 0.5% | |||
Alps Logistics Co. Ltd. | 298,989 | 3,616,425 | |
Sakai Moving Service Co. Ltd. | 310,472 | 5,901,293 | |
Stef SA | 28,690 | 3,751,639 | |
Universal Logistics Holdings, Inc. | 171,873 | 5,245,564 | |
18,514,921 | |||
Industrial Conglomerates - 0.6% | |||
DCC PLC (United Kingdom) | 225,722 | 16,465,469 | |
Mytilineos SA | 72,064 | 2,959,423 | |
19,424,892 | |||
Machinery - 3.0% | |||
Aalberts Industries NV | 577,960 | 23,097,759 | |
Allison Transmission Holdings, Inc. | 9,460 | 572,708 | |
Beijer Alma AB (B Shares) | 175,357 | 3,090,377 | |
Crane Co. | 138,921 | 17,241,485 | |
Daiwa Industries Ltd. | 102,196 | 1,090,129 | |
EnPro Industries, Inc. | 51,439 | 7,683,958 | |
ESAB Corp. | 90,305 | 7,765,327 | |
Estic Corp. | 44,920 | 280,994 | |
Haitian International Holdings Ltd. | 805,019 | 1,791,897 | |
Hillenbrand, Inc. | 375,925 | 17,506,827 | |
Hosokawa Micron Corp. | 13,176 | 411,011 | |
Hy-Lok Corp. | 11,000 | 204,848 | |
Hyster-Yale Materials Handling, Inc. Class A | 1,350 | 88,722 | |
ITT, Inc. | 71,474 | 8,632,630 | |
JOST Werke AG (c) | 9,137 | 441,877 | |
Luxfer Holdings PLC sponsored | 95,263 | 784,014 | |
Miller Industries, Inc. | 39,496 | 1,589,714 | |
Mincon Group PLC | 200,055 | 140,530 | |
Nadex Co. Ltd. | 85,741 | 622,152 | |
Precision Tsugami China Corp. Ltd. | 52,281 | 61,694 | |
Semperit AG Holding | 24,840 | 389,247 | |
Shinwa Co. Ltd. | 11,745 | 196,147 | |
SIMPAC, Inc. | 127,420 | 371,253 | |
Stabilus Se | 8,588 | 603,732 | |
Takamatsu Machinery Co. Ltd. | 23,241 | 82,830 | |
Takeuchi Manufacturing Co. Ltd. | 54,209 | 1,853,284 | |
Timken Co. | 65,361 | 5,353,720 | |
TK Group Holdings Ltd. | 901,185 | 155,472 | |
Tocalo Co. Ltd. | 260,341 | 2,769,284 | |
Trinity Industrial Corp. | 88,706 | 616,872 | |
Yamada Corp. | 7,489 | 268,900 | |
105,759,394 | |||
Marine Transportation - 0.0% | |||
SITC International Holdings Co. Ltd. | 722,697 | 1,096,580 | |
Tokyo Kisen Co. Ltd. | 22,940 | 98,908 | |
1,195,488 | |||
Passenger Airlines - 0.1% | |||
Jet2 PLC | 177,526 | 3,005,715 | |
Professional Services - 3.2% | |||
Altech Corp. | 39,928 | 777,519 | |
Artner Co. Ltd. | 27,547 | 409,021 | |
Barrett Business Services, Inc. | 8,251 | 926,340 | |
CACI International, Inc. Class A (a) | 43,877 | 15,081,841 | |
Careerlink Co. Ltd. | 20,988 | 371,902 | |
Concentrix Corp. | 226,200 | 20,102,394 | |
Creek & River Co. Ltd. | 1,783 | 24,194 | |
E-Credible Co. Ltd. | 27,075 | 266,601 | |
Gakujo Co. Ltd. | 32,950 | 396,059 | |
Genpact Ltd. | 595,884 | 21,392,236 | |
Hito Communications Holdings, Inc. | 21,122 | 172,880 | |
HRnetgroup Ltd. | 533,196 | 282,597 | |
IFIS Japan Ltd. | 21,757 | 89,435 | |
KBR, Inc. | 297,558 | 15,505,747 | |
Maximus, Inc. | 192,043 | 15,578,528 | |
Open Up Group, Inc. | 11,833 | 183,288 | |
Persol Holdings Co. Ltd. | 1,301,123 | 2,068,410 | |
Quick Co. Ltd. | 125,136 | 2,222,585 | |
Science Applications International Corp. | 45,964 | 5,867,764 | |
SS&C Technologies Holdings, Inc. | 660 | 40,273 | |
Synergie SA | 14,422 | 500,306 | |
Verra Mobility Corp. (a) | 342,242 | 8,183,006 | |
WDB Holdings Co. Ltd. | 77,467 | 1,219,973 | |
Will Group, Inc. | 124,506 | 1,020,365 | |
112,683,264 | |||
Trading Companies & Distributors - 3.1% | |||
AerCap Holdings NV (a) | 26,696 | 2,043,846 | |
Alconix Corp. | 166,816 | 1,607,663 | |
Alligo AB (B Shares) | 27,882 | 354,732 | |
Beacon Roofing Supply, Inc. (a) | 124,875 | 10,350,889 | |
Bergman & Beving AB (B Shares) | 47,685 | 833,954 | |
Bossard Holding AG | 7,510 | 1,801,460 | |
Chori Co. Ltd. | 133,589 | 2,695,897 | |
Core & Main, Inc. (a) | 376,376 | 15,548,093 | |
Ferguson PLC | 73,979 | 13,897,695 | |
Global Industrial Co. | 162,748 | 6,921,672 | |
Goodfellow, Inc. | 124,630 | 1,307,065 | |
Green Cross Co. Ltd. | 56,316 | 392,174 | |
Horizon Construction Development Ltd. | 4,141 | 1,398 | |
Inaba Denki Sangyo Co. Ltd. | 44,294 | 1,058,352 | |
Itochu Corp. | 459,835 | 20,869,209 | |
Kamei Corp. | 13,588 | 178,671 | |
KS Energy Services Ltd. (a)(d) | 882,902 | 8,556 | |
Lumax International Corp. Ltd. | 148,200 | 426,642 | |
Mitani Shoji Co. Ltd. | 365,695 | 4,887,721 | |
Momentum Group Komponenter & Tjanster AB | 183,561 | 2,407,699 | |
Parker Corp. | 192,037 | 1,069,039 | |
Richelieu Hardware Ltd. | 83,975 | 2,712,034 | |
RS GROUP PLC | 795,319 | 7,918,123 | |
Sanyo Trading Co. Ltd. | 15,051 | 134,110 | |
Senshu Electric Co. Ltd. | 180,901 | 4,599,265 | |
Thermador Groupe SA | 709 | 65,818 | |
Totech Corp. | 108,167 | 4,071,077 | |
Yamazen Co. Ltd. | 15,708 | 134,331 | |
Yuasa Trading Co. Ltd. | 43,934 | 1,463,843 | |
109,761,028 | |||
Transportation Infrastructure - 0.1% | |||
Daito Koun Co. Ltd. | 2,243 | 11,897 | |
Isewan Terminal Service Co. Ltd. | 132,462 | 711,375 | |
Qingdao Port International Co. Ltd. (H Shares) (c) | 2,285,237 | 1,279,018 | |
2,002,290 | |||
TOTAL INDUSTRIALS | 560,763,892 | ||
INFORMATION TECHNOLOGY - 15.6% | |||
Electronic Equipment, Instruments & Components - 6.7% | |||
Advanced Energy Industries, Inc. | 159,066 | 16,571,496 | |
Belden, Inc. | 141,888 | 10,525,252 | |
CDW Corp. | 99,685 | 22,600,583 | |
Crane Nxt Co. | 279,226 | 16,273,291 | |
Daido Signal Co. Ltd. | 67 | 192 | |
Daiwabo Holdings Co. Ltd. | 176,896 | 3,846,552 | |
Dexerials Corp. | 82,725 | 2,384,009 | |
Flex Ltd. (a) | 321,026 | 7,621,157 | |
FLEXium Interconnect, Inc. | 64,700 | 176,569 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 4,029,900 | 13,185,447 | |
IDIS Holdings Co. Ltd. | 82,849 | 700,873 | |
Insight Enterprises, Inc. (a) | 88,525 | 16,354,109 | |
Jabil, Inc. | 93,483 | 11,712,485 | |
Kingboard Chemical Holdings Ltd. | 8,073,424 | 14,369,934 | |
Makus, Inc. | 69,400 | 700,734 | |
Maruwa Ceramic Co. Ltd. | 8,071 | 1,614,893 | |
Methode Electronics, Inc. Class A | 292,541 | 6,073,151 | |
Nippo Ltd. | 76,664 | 784,535 | |
PAX Global Technology Ltd. | 6,742,805 | 4,712,366 | |
Redington (India) Ltd. | 3,680,122 | 7,959,770 | |
Riken Keiki Co. Ltd. | 15,730 | 777,167 | |
SAMT Co. Ltd. | 8,500 | 16,994 | |
Shibaura Electronics Co. Ltd. | 44,999 | 1,671,060 | |
Simplo Technology Co. Ltd. | 912,000 | 11,804,742 | |
TD SYNNEX Corp. | 313,523 | 31,346,030 | |
Test Research, Inc. | 16,000 | 35,548 | |
Thinking Electronic Industries Co. Ltd. | 498,900 | 2,529,911 | |
Tomen Devices Corp. | 11,738 | 428,174 | |
Tripod Technology Corp. | 504,000 | 3,010,105 | |
Vontier Corp. | 507,727 | 17,562,277 | |
VSTECS Holdings Ltd. | 11,190,584 | 6,029,956 | |
Yageo Corp. | 152,000 | 2,674,100 | |
236,053,462 | |||
IT Services - 2.9% | |||
ALTEN | 14,391 | 2,236,428 | |
Amdocs Ltd. | 357,080 | 32,737,094 | |
Argo Graphics, Inc. | 88,617 | 2,600,315 | |
Asahi Intelligence Service Co. | 4,103 | 38,571 | |
Avant Group Corp. | 27,512 | 268,628 | |
CDS Co. Ltd. | 33,007 | 383,542 | |
Cognizant Technology Solutions Corp. Class A | 292,884 | 22,587,214 | |
CSE Global Ltd. | 2,925,147 | 879,106 | |
Densan System Holdings Co. Ltd. | 10,862 | 217,769 | |
Dimerco Data System Corp. | 87,318 | 375,189 | |
DTS Corp. | 70,241 | 1,727,609 | |
Econocom Group SA | 563,494 | 1,437,164 | |
Exclusive Networks SA (a) | 13,757 | 280,990 | |
Future Corp. | 44,399 | 526,956 | |
Gabia, Inc. | 97,100 | 1,250,970 | |
Himacs Ltd. | 3,250 | 31,675 | |
Indra Sistemas SA | 1,103,477 | 19,640,929 | |
Information Planning Co. | 14,303 | 374,125 | |
Know IT AB (b) | 45,178 | 609,513 | |
Neurones | 8,416 | 412,466 | |
Pole To Win Holdings, Inc. (b) | 29,390 | 99,693 | |
Sopra Steria Group | 47,565 | 11,195,681 | |
TDC Soft, Inc. | 65,358 | 1,010,822 | |
TIS, Inc. | 56,956 | 1,266,806 | |
102,189,255 | |||
Semiconductors & Semiconductor Equipment - 2.9% | |||
ASMPT Ltd. | 496,131 | 4,787,853 | |
Japan Material Co. Ltd. | 10,780 | 182,158 | |
Machvision, Inc. | 22,000 | 193,588 | |
Melexis NV | 11,908 | 1,030,805 | |
Micron Technology, Inc. | 214,865 | 18,424,674 | |
MKS Instruments, Inc. | 214,944 | 22,880,789 | |
Novatek Microelectronics Corp. | 10,000 | 162,931 | |
Parade Technologies Ltd. | 130,000 | 4,612,988 | |
Powertech Technology, Inc. | 1,350,000 | 6,268,934 | |
Renesas Electronics Corp. (a) | 560,387 | 9,194,598 | |
Skyworks Solutions, Inc. | 142,274 | 14,861,942 | |
Sumco Corp. | 242,781 | 3,680,664 | |
Systems Technology, Inc. | 24,400 | 484,512 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 472,000 | 9,450,695 | |
Topco Scientific Co. Ltd. | 1,079,031 | 6,465,614 | |
102,682,745 | |||
Software - 0.4% | |||
Cresco Ltd. | 75,632 | 980,694 | |
Focus Systems Corp. | 18,343 | 131,772 | |
Fukui Computer Holdings, Inc. | 23,919 | 422,184 | |
Hecto Innovation Co. Ltd. | 71,300 | 758,797 | |
Jastec Co. Ltd. | 32,362 | 299,373 | |
Justsystems Corp. | 12,051 | 251,793 | |
KSK Co., Ltd. | 66,949 | 1,390,843 | |
Linedata Services | 1,431 | 90,624 | |
NetGem SA | 49,515 | 56,722 | |
NSW, Inc. | 21,134 | 421,775 | |
Open Text Corp. | 152,751 | 6,661,305 | |
Pro-Ship, Inc. | 67,895 | 654,736 | |
System Research Co. Ltd. | 15,598 | 315,538 | |
12,436,156 | |||
Technology Hardware, Storage & Peripherals - 2.7% | |||
Dell Technologies, Inc. | 254,382 | 21,083,180 | |
Elecom Co. Ltd. | 66,153 | 769,362 | |
MCJ Co. Ltd. | 322,087 | 2,700,831 | |
Samsung Electronics Co. Ltd. | 241,740 | 13,135,535 | |
Seagate Technology Holdings PLC | 629,608 | 53,944,813 | |
TSC Auto ID Technology Corp. | 360,046 | 2,599,971 | |
94,233,692 | |||
TOTAL INFORMATION TECHNOLOGY | 547,595,310 | ||
MATERIALS - 5.5% | |||
Chemicals - 2.9% | |||
Axalta Coating Systems Ltd. (a) | 500,470 | 16,225,237 | |
C. Uyemura & Co. Ltd. | 104,156 | 7,903,853 | |
Celanese Corp. Class A | 90,233 | 13,200,186 | |
EcoGreen International Group Ltd. (a)(d) | 5,839,887 | 354,818 | |
Element Solutions, Inc. | 559,190 | 12,430,794 | |
Fujikura Kasei Co., Ltd. | 42,296 | 131,165 | |
Gujarat Narmada Valley Fertilizers Co. | 61,335 | 554,910 | |
Gujarat State Fertilizers & Chemicals Ltd. | 1,360,187 | 4,897,857 | |
Huntsman Corp. | 478,337 | 11,738,390 | |
Jcu Corp. | 42,763 | 1,079,189 | |
LyondellBasell Industries NV Class A | 264,699 | 24,913,470 | |
Miwon Commercial Co. Ltd. | 2,800 | 350,990 | |
Muto Seiko Co. Ltd. | 24,037 | 367,464 | |
Scientex Bhd | 9,800 | 8,291 | |
Soulbrain Co. Ltd. | 9,000 | 1,814,770 | |
Tronox Holdings PLC | 392,350 | 5,410,507 | |
Yip's Chemical Holdings Ltd. | 2,624,383 | 493,744 | |
101,875,635 | |||
Construction Materials - 0.8% | |||
Buzzi SpA | 48,066 | 1,637,304 | |
Eagle Materials, Inc. | 51,514 | 11,656,588 | |
GCC S.A.B. de CV | 39,471 | 455,838 | |
Mitani Sekisan Co. Ltd. | 112,402 | 3,861,994 | |
RHI Magnesita NV | 33,232 | 1,416,746 | |
SigmaRoc PLC (a) | 2,044,495 | 1,684,143 | |
Vertex Corp. | 3,400 | 40,921 | |
Wienerberger AG | 223,897 | 7,617,074 | |
28,370,608 | |||
Containers & Packaging - 0.8% | |||
Chuoh Pack Industry Co. Ltd. | 45,402 | 445,057 | |
Corticeira Amorim SGPS SA | 174,721 | 1,784,358 | |
Groupe Guillin SA | 17,106 | 562,913 | |
Kohsoku Corp. | 201,477 | 3,116,810 | |
Mayr-Melnhof Karton AG | 26,453 | 3,499,141 | |
Packaging Corp. of America | 79,998 | 13,270,068 | |
Silgan Holdings, Inc. | 25,331 | 1,163,706 | |
The Pack Corp. | 154,401 | 3,554,185 | |
27,396,238 | |||
Metals & Mining - 0.5% | |||
Boliden AB | 18,076 | 481,053 | |
CK-SAN-ETSU Co. Ltd. | 4,295 | 114,321 | |
Hill & Smith Holdings PLC | 61,760 | 1,466,751 | |
PRL Global Ltd. (d) | 38,751 | 38,134 | |
Tohoku Steel Co. Ltd. | 614 | 7,263 | |
Tokyo Tekko Co. Ltd. | 51,167 | 1,791,825 | |
Warrior Metropolitan Coal, Inc. | 193,837 | 12,438,520 | |
16,337,867 | |||
Paper & Forest Products - 0.5% | |||
Miquel y Costas & Miquel SA | 55,471 | 675,009 | |
Stella-Jones, Inc. | 241,515 | 14,288,447 | |
Sylvamo Corp. | 78,559 | 3,647,494 | |
Western Forest Products, Inc. | 422,753 | 213,821 | |
18,824,771 | |||
TOTAL MATERIALS | 192,805,119 | ||
REAL ESTATE - 0.9% | |||
Equity Real Estate Investment Trusts (REITs) - 0.1% | |||
Apple Hospitality (REIT), Inc. | 27,576 | 442,871 | |
Mapletree Industrial (REIT) | 592,125 | 1,078,471 | |
1,521,342 | |||
Real Estate Management & Development - 0.8% | |||
Branicks Group AG (b) | 144,769 | 333,242 | |
Instone Real Estate Group BV (c) | 44,858 | 389,763 | |
Jones Lang LaSalle, Inc. (a) | 88,386 | 15,649,625 | |
LSL Property Services PLC | 186,173 | 625,233 | |
Real Matters, Inc. (a) | 423,177 | 2,200,162 | |
Relo Group, Inc. | 23,231 | 233,187 | |
Robinsons Land Corp. | 3,704,904 | 1,051,887 | |
Savills PLC | 528,653 | 6,786,715 | |
Selvaag Bolig ASA | 59,863 | 179,579 | |
Servcorp Ltd. | 102,356 | 219,824 | |
Tejon Ranch Co. (a) | 57,380 | 905,456 | |
28,574,673 | |||
TOTAL REAL ESTATE | 30,096,015 | ||
UTILITIES - 1.7% | |||
Electric Utilities - 1.6% | |||
Kansai Electric Power Co., Inc. | 341,369 | 4,657,002 | |
PG&E Corp. | 2,978,212 | 50,242,436 | |
Power Grid Corp. of India Ltd. | 5,733 | 17,898 | |
Southern Co. | 12,574 | 874,144 | |
55,791,480 | |||
Gas Utilities - 0.0% | |||
China Resource Gas Group Ltd. | 480,718 | 1,363,308 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
Mega First Corp. Bhd | 4,501,400 | 3,691,262 | |
Vistra Corp. | 17,459 | 716,343 | |
4,407,605 | |||
TOTAL UTILITIES | 61,562,393 | ||
TOTAL COMMON STOCKS (Cost $2,840,443,845) | 3,440,695,413 | ||
Nonconvertible Bonds - 0.0% | |||
Principal Amount (e) | Value ($) | ||
ENERGY - 0.0% | |||
Energy Equipment & Services - 0.0% | |||
Bristow Group, Inc. 6.25% (d)(f) (Cost $0) | 388,666 | 0 | |
Money Market Funds - 3.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 74,165,204 | 74,180,037 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 44,210,750 | 44,215,171 | |
TOTAL MONEY MARKET FUNDS (Cost $118,395,207) | 118,395,208 | ||
TOTAL INVESTMENT IN SECURITIES - 101.1% (Cost $2,958,839,052) | 3,559,090,621 |
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (40,229,615) |
NET ASSETS - 100.0% | 3,518,861,006 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | 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 $7,377,040 or 0.2% of net assets. |
(d) | Level 3 security |
(e) | Amount is stated in United States dollars unless otherwise noted. |
(f) | Non-income producing - Security is in default. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.39% | 109,033,357 | 459,628,144 | 494,481,464 | 2,651,861 | - | - | 74,180,037 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 33,475,452 | 285,748,454 | 275,008,735 | 53,205 | - | - | 44,215,171 | 0.2% |
Total | 142,508,809 | 745,376,598 | 769,490,199 | 2,705,066 | - | - | 118,395,208 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 41,975,745 | 34,004,040 | 7,971,705 | - |
Consumer Discretionary | 508,967,402 | 441,949,998 | 66,847,137 | 170,267 |
Consumer Staples | 227,154,831 | 158,817,937 | 68,336,880 | 14 |
Energy | 311,412,194 | 268,780,630 | 42,631,564 | - |
Financials | 557,842,887 | 537,264,184 | 20,578,703 | - |
Health Care | 400,519,625 | 337,005,676 | 63,513,949 | - |
Industrials | 560,763,892 | 449,134,290 | 111,621,046 | 8,556 |
Information Technology | 547,595,310 | 386,812,164 | 160,783,146 | - |
Materials | 192,805,119 | 161,877,558 | 30,534,609 | 392,952 |
Real Estate | 30,096,015 | 27,512,646 | 2,583,369 | - |
Utilities | 61,562,393 | 51,832,923 | 9,729,470 | - |
Corporate Bonds | - | - | - | - |
Money Market Funds | 118,395,208 | 118,395,208 | - | - |
Total Investments in Securities: | 3,559,090,621 | 2,973,387,254 | 585,131,578 | 571,789 |
Statement of Assets and Liabilities | ||||
January 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $41,969,939) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,840,443,845) | $ | 3,440,695,413 | ||
Fidelity Central Funds (cost $118,395,207) | 118,395,208 | |||
Total Investment in Securities (cost $2,958,839,052) | $ | 3,559,090,621 | ||
Cash | 3,763 | |||
Foreign currency held at value (cost $341,792) | 341,823 | |||
Receivable for investments sold | 10,521,546 | |||
Receivable for fund shares sold | 2,321,783 | |||
Dividends receivable | 3,464,964 | |||
Interest receivable | 252 | |||
Distributions receivable from Fidelity Central Funds | 325,699 | |||
Other receivables | 42 | |||
Total assets | 3,576,070,493 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,399,510 | ||
Payable for fund shares redeemed | 6,431,305 | |||
Accrued management fee | 1,456,118 | |||
Other payables and accrued expenses | 2,708,792 | |||
Collateral on securities loaned | 44,213,762 | |||
Total Liabilities | 57,209,487 | |||
Net Assets | $ | 3,518,861,006 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,865,447,074 | ||
Total accumulated earnings (loss) | 653,413,932 | |||
Net Assets | $ | 3,518,861,006 | ||
Net Asset Value, offering price and redemption price per share ($3,518,861,006 ÷ 235,748,612 shares) | $ | 14.93 |
Statement of Operations | ||||
Six months ended January 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 33,878,759 | ||
Interest | 1,108 | |||
Income from Fidelity Central Funds (including $53,205 from security lending) | 2,705,066 | |||
Total Income | 36,584,933 | |||
Expenses | ||||
Management fee | $ | 8,216,500 | ||
Independent trustees' fees and expenses | 9,403 | |||
Total expenses before reductions | 8,225,903 | |||
Expense reductions | (3,434) | |||
Total expenses after reductions | 8,222,469 | |||
Net Investment income (loss) | 28,362,464 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $161,408) | 128,673,378 | |||
Foreign currency transactions | (183,875) | |||
Total net realized gain (loss) | 128,489,503 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,199,789) | 16,070,087 | |||
Assets and liabilities in foreign currencies | (34,849) | |||
Total change in net unrealized appreciation (depreciation) | 16,035,238 | |||
Net gain (loss) | 144,524,741 | |||
Net increase (decrease) in net assets resulting from operations | $ | 172,887,205 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2024 (Unaudited) | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 28,362,464 | $ | 62,247,544 |
Net realized gain (loss) | 128,489,503 | 93,234,683 | ||
Change in net unrealized appreciation (depreciation) | 16,035,238 | 182,503,935 | ||
Net increase (decrease) in net assets resulting from operations | 172,887,205 | 337,986,162 | ||
Distributions to shareholders | (224,506,444) | (100,231,371) | ||
Share transactions | ||||
Proceeds from sales of shares | 427,549,191 | 845,051,056 | ||
Reinvestment of distributions | 224,505,035 | 100,231,371 | ||
Cost of shares redeemed | (412,557,658) | (707,363,698) | ||
Net increase (decrease) in net assets resulting from share transactions | 239,496,568 | 237,918,729 | ||
Total increase (decrease) in net assets | 187,877,329 | 475,673,520 | ||
Net Assets | ||||
Beginning of period | 3,330,983,677 | 2,855,310,157 | ||
End of period | $ | 3,518,861,006 | $ | 3,330,983,677 |
Other Information | ||||
Shares | ||||
Sold | 29,653,084 | 60,030,634 | ||
Issued in reinvestment of distributions | 15,807,526 | 7,285,754 | ||
Redeemed | (28,442,167) | (49,989,301) | ||
Net increase (decrease) | 17,018,443 | 17,327,087 | ||
Fidelity® Low-Priced Stock K6 Fund |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.23 | $ | 14.18 | $ | 15.52 | $ | 10.82 | $ | 11.19 | $ | 11.52 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .29 | .24 | .17 | .20 | .20 | ||||||
Net realized and unrealized gain (loss) | .59 | 1.25 | (.76) | 4.72 | (.27) | (.29) | ||||||
Total from investment operations | .71 | 1.54 | (.52) | 4.89 | (.07) | (.09) | ||||||
Distributions from net investment income | (.29) | (.22) | (.20) | (.19) | (.22) | (.17) | ||||||
Distributions from net realized gain | (.72) | (.27) | (.63) | - | (.08) | (.06) | ||||||
Total distributions | (1.01) | (.49) | (.82) C | (.19) | (.30) | (.24) C | ||||||
Net asset value, end of period | $ | 14.93 | $ | 15.23 | $ | 14.18 | $ | 15.52 | $ | 10.82 | $ | 11.19 |
Total Return D,E | 5.11% | 11.23% | (3.56)% | 45.81% | (.74)% | (.73)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .50% H | .50% | .50% | .50% | .50% | .50% | ||||||
Expenses net of fee waivers, if any | .50% H | .50% | .50% | .50% | .50% | .50% | ||||||
Expenses net of all reductions | .50% H | .50% | .50% | .50% | .50% | .50% | ||||||
Net investment income (loss) | 1.73% H | 2.06% | 1.63% | 1.23% | 1.86% | 1.85% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,518,861 | $ | 3,330,984 | $ | 2,855,310 | $ | 2,937,045 | $ | 1,861,492 | $ | 1,923,317 |
Portfolio turnover rate I,J | 34% H | 48% | 25% | 27% | 21% | 20% |
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 | $754,970,890 |
Gross unrealized depreciation | (160,011,172) |
Net unrealized appreciation (depreciation) | $594,959,718 |
Tax cost | $2,964,130,903 |
Purchases ($) | Sales ($) | |
Fidelity Low-Priced Stock K6 Fund | 545,037,626 | 583,390,484 |
Shares | Total Proceeds ($) | |
Fidelity Low-Priced Stock K6 Fund | 8,441,865 | 120,596,308 |
Shares | Total Proceeds ($) | |
Fidelity Low-Priced Stock K6 Fund | 13,633,983 | 189,662,629 |
Amount | |
Fidelity Low-Priced Stock K6 Fund | $7,848 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Low-Priced Stock K6 Fund | 44,708,962 | 23,123,147 | 5,418,392 |
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 Low-Priced Stock K6 Fund | $5,676 | $2 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2023 to January 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2023 | Ending Account Value January 31, 2024 | Expenses Paid During Period- C August 1, 2023 to January 31, 2024 | |||||||
Fidelity® Low-Priced Stock K6 Fund | .50% | |||||||||
Actual | $ 1,000 | $ 1,051.10 | $ 2.58 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.62 | $ 2.54 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 4.1 | |
Berkshire Hathaway, Inc. Class B | 3.8 | |
JPMorgan Chase & Co. | 3.5 | |
Comcast Corp. Class A | 3.4 | |
Chubb Ltd. | 2.8 | |
Cigna Group | 2.6 | |
The Travelers Companies, Inc. | 2.6 | |
Bank of America Corp. | 2.5 | |
Centene Corp. | 2.4 | |
Cisco Systems, Inc. | 2.2 | |
29.9 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.5 | |
Health Care | 17.1 | |
Consumer Staples | 13.1 | |
Utilities | 9.2 | |
Industrials | 8.7 | |
Energy | 8.1 | |
Information Technology | 7.1 | |
Communication Services | 5.4 | |
Consumer Discretionary | 3.3 | |
Materials | 2.2 | |
Real Estate | 1.0 | |
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 - 97.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.4% | |||
Entertainment - 2.0% | |||
The Walt Disney Co. | 37,906 | 3,640,871 | |
Media - 3.4% | |||
Comcast Corp. Class A | 136,314 | 6,344,054 | |
TOTAL COMMUNICATION SERVICES | 9,984,925 | ||
CONSUMER DISCRETIONARY - 3.3% | |||
Diversified Consumer Services - 2.3% | |||
H&R Block, Inc. | 88,557 | 4,148,010 | |
Specialty Retail - 1.0% | |||
Ross Stores, Inc. | 13,402 | 1,880,033 | |
TOTAL CONSUMER DISCRETIONARY | 6,028,043 | ||
CONSUMER STAPLES - 13.1% | |||
Beverages - 3.0% | |||
Coca-Cola European Partners PLC | 22,735 | 1,566,442 | |
Diageo PLC | 13,100 | 473,144 | |
Keurig Dr. Pepper, Inc. | 43,696 | 1,373,802 | |
The Coca-Cola Co. | 37,059 | 2,204,640 | |
5,618,028 | |||
Consumer Staples Distribution & Retail - 1.5% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 15,416 | 991,865 | |
U.S. Foods Holding Corp. (a) | 38,048 | 1,750,588 | |
2,742,453 | |||
Food Products - 3.1% | |||
Lamb Weston Holdings, Inc. | 8,196 | 839,598 | |
Mondelez International, Inc. | 48,099 | 3,620,412 | |
Tyson Foods, Inc. Class A | 22,319 | 1,222,188 | |
5,682,198 | |||
Household Products - 2.5% | |||
Procter & Gamble Co. | 17,485 | 2,747,593 | |
Reckitt Benckiser Group PLC | 12,904 | 932,971 | |
The Clorox Co. | 7,082 | 1,028,661 | |
4,709,225 | |||
Personal Care Products - 3.0% | |||
Haleon PLC | 307,686 | 1,249,748 | |
Kenvue, Inc. | 154,397 | 3,205,282 | |
Unilever PLC sponsored ADR | 21,568 | 1,050,146 | |
5,505,176 | |||
TOTAL CONSUMER STAPLES | 24,257,080 | ||
ENERGY - 8.1% | |||
Oil, Gas & Consumable Fuels - 8.1% | |||
Antero Resources Corp. (a) | 34,580 | 772,517 | |
ConocoPhillips Co. | 2,458 | 274,976 | |
Equinor ASA sponsored ADR | 41,518 | 1,190,321 | |
Exxon Mobil Corp. | 74,310 | 7,639,810 | |
Occidental Petroleum Corp. | 21,135 | 1,216,742 | |
Ovintiv, Inc. | 24,815 | 1,052,652 | |
Parex Resources, Inc. | 79,895 | 1,322,818 | |
Shell PLC ADR | 24,192 | 1,521,919 | |
14,991,755 | |||
FINANCIALS - 23.5% | |||
Banks - 10.5% | |||
Bank of America Corp. | 138,758 | 4,719,160 | |
Cullen/Frost Bankers, Inc. | 4,440 | 471,173 | |
JPMorgan Chase & Co. | 37,365 | 6,514,961 | |
M&T Bank Corp. | 8,359 | 1,154,378 | |
PNC Financial Services Group, Inc. | 12,657 | 1,913,865 | |
U.S. Bancorp | 20,978 | 871,426 | |
Wells Fargo & Co. | 75,739 | 3,800,583 | |
19,445,546 | |||
Capital Markets - 2.7% | |||
Affiliated Managers Group, Inc. | 7,934 | 1,180,897 | |
BlackRock, Inc. Class A | 3,762 | 2,912,954 | |
Northern Trust Corp. | 12,168 | 969,060 | |
5,062,911 | |||
Financial Services - 3.8% | |||
Berkshire Hathaway, Inc. Class B (a) | 18,026 | 6,917,297 | |
Insurance - 6.5% | |||
Chubb Ltd. | 21,283 | 5,214,335 | |
The Travelers Companies, Inc. | 23,242 | 4,912,429 | |
Willis Towers Watson PLC | 7,950 | 1,958,085 | |
12,084,849 | |||
TOTAL FINANCIALS | 43,510,603 | ||
HEALTH CARE - 17.1% | |||
Health Care Providers & Services - 9.5% | |||
Centene Corp. (a) | 59,348 | 4,469,498 | |
Cigna Group | 16,397 | 4,934,677 | |
CVS Health Corp. | 34,674 | 2,578,705 | |
Elevance Health, Inc. | 5,122 | 2,527,400 | |
UnitedHealth Group, Inc. | 6,211 | 3,178,417 | |
17,688,697 | |||
Pharmaceuticals - 7.6% | |||
AstraZeneca PLC sponsored ADR | 42,119 | 2,806,810 | |
Bristol-Myers Squibb Co. | 64,491 | 3,151,675 | |
Johnson & Johnson | 20,214 | 3,212,005 | |
Roche Holding AG (participation certificate) | 7,905 | 2,250,683 | |
Sanofi SA sponsored ADR | 52,940 | 2,641,706 | |
14,062,879 | |||
TOTAL HEALTH CARE | 31,751,576 | ||
INDUSTRIALS - 8.7% | |||
Aerospace & Defense - 3.8% | |||
Airbus Group NV | 6,770 | 1,078,365 | |
L3Harris Technologies, Inc. | 7,602 | 1,584,409 | |
Lockheed Martin Corp. | 4,031 | 1,730,952 | |
Northrop Grumman Corp. | 6,118 | 2,733,278 | |
7,127,004 | |||
Air Freight & Logistics - 0.5% | |||
DHL Group | 19,179 | 922,755 | |
Electrical Equipment - 0.5% | |||
Eaton Corp. PLC | 2,595 | 638,578 | |
Regal Rexnord Corp. | 2,182 | 291,210 | |
929,788 | |||
Industrial Conglomerates - 1.0% | |||
Siemens AG | 10,567 | 1,891,745 | |
Machinery - 2.2% | |||
Deere & Co. | 6,290 | 2,475,618 | |
Oshkosh Corp. | 1,961 | 215,906 | |
Pentair PLC | 19,417 | 1,420,742 | |
4,112,266 | |||
Professional Services - 0.7% | |||
Maximus, Inc. | 14,923 | 1,210,554 | |
TOTAL INDUSTRIALS | 16,194,112 | ||
INFORMATION TECHNOLOGY - 6.1% | |||
Communications Equipment - 2.2% | |||
Cisco Systems, Inc. | 82,713 | 4,150,538 | |
IT Services - 2.5% | |||
Amdocs Ltd. | 25,990 | 2,382,763 | |
Capgemini SA | 5,333 | 1,194,171 | |
Cognizant Technology Solutions Corp. Class A | 13,320 | 1,027,238 | |
4,604,172 | |||
Software - 1.4% | |||
Gen Digital, Inc. | 67,969 | 1,595,912 | |
Open Text Corp. | 23,607 | 1,029,501 | |
2,625,413 | |||
TOTAL INFORMATION TECHNOLOGY | 11,380,123 | ||
MATERIALS - 2.2% | |||
Chemicals - 1.3% | |||
CF Industries Holdings, Inc. | 17,498 | 1,321,274 | |
Nutrien Ltd. | 22,579 | 1,126,015 | |
2,447,289 | |||
Containers & Packaging - 0.6% | |||
Crown Holdings, Inc. | 12,672 | 1,121,472 | |
Metals & Mining - 0.3% | |||
Newmont Corp. | 12,918 | 445,800 | |
TOTAL MATERIALS | 4,014,561 | ||
REAL ESTATE - 1.0% | |||
Equity Real Estate Investment Trusts (REITs) - 0.7% | |||
Crown Castle, Inc. | 11,279 | 1,220,952 | |
Real Estate Management & Development - 0.3% | |||
CBRE Group, Inc. (a) | 7,435 | 641,715 | |
TOTAL REAL ESTATE | 1,862,667 | ||
UTILITIES - 9.2% | |||
Electric Utilities - 5.9% | |||
Constellation Energy Corp. | 17,478 | 2,132,316 | |
Edison International | 32,473 | 2,191,278 | |
NextEra Energy, Inc. | 16,330 | 957,428 | |
PG&E Corp. | 243,533 | 4,108,402 | |
Southern Co. | 22,475 | 1,562,462 | |
10,951,886 | |||
Independent Power and Renewable Electricity Producers - 0.4% | |||
The AES Corp. | 50,673 | 845,226 | |
Multi-Utilities - 2.9% | |||
Dominion Energy, Inc. | 38,446 | 1,757,751 | |
National Grid PLC | 96,028 | 1,279,007 | |
Sempra | 32,047 | 2,293,283 | |
5,330,041 | |||
TOTAL UTILITIES | 17,127,153 | ||
TOTAL COMMON STOCKS (Cost $143,631,014) | 181,102,598 | ||
Nonconvertible Preferred Stocks - 1.0% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 1.0% | |||
Technology Hardware, Storage & Peripherals - 1.0% | |||
Samsung Electronics Co. Ltd. (Cost $1,651,787) | 43,335 | 1,896,181 | |
Money Market Funds - 1.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (b) (Cost $2,106,400) | 2,105,978 | 2,106,400 | |
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $147,389,201) | 185,105,179 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 310,112 |
NET ASSETS - 100.0% | 185,415,291 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 1,567,728 | 23,323,168 | 22,784,496 | 90,455 | - | - | 2,106,400 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 1,949,825 | 1,642,097 | 3,591,922 | 18,379 | - | - | - | 0.0% |
Total | 3,517,553 | 24,965,265 | 26,376,418 | 108,834 | - | - | 2,106,400 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 9,984,925 | 9,984,925 | - | - |
Consumer Discretionary | 6,028,043 | 6,028,043 | - | - |
Consumer Staples | 24,257,080 | 21,601,217 | 2,655,863 | - |
Energy | 14,991,755 | 14,991,755 | - | - |
Financials | 43,510,603 | 43,510,603 | - | - |
Health Care | 31,751,576 | 29,500,893 | 2,250,683 | - |
Industrials | 16,194,112 | 13,224,002 | 2,970,110 | - |
Information Technology | 13,276,304 | 11,380,123 | 1,896,181 | - |
Materials | 4,014,561 | 4,014,561 | - | - |
Real Estate | 1,862,667 | 1,862,667 | - | - |
Utilities | 17,127,153 | 15,848,146 | 1,279,007 | - |
Money Market Funds | 2,106,400 | 2,106,400 | - | - |
Total Investments in Securities: | 185,105,179 | 174,053,335 | 11,051,844 | - |
Statement of Assets and Liabilities | ||||
January 31, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $145,282,801) | $ | 182,998,779 | ||
Fidelity Central Funds (cost $2,106,400) | 2,106,400 | |||
Total Investment in Securities (cost $147,389,201) | $ | 185,105,179 | ||
Foreign currency held at value (cost $49) | 49 | |||
Receivable for investments sold | 735,364 | |||
Receivable for fund shares sold | 47,111 | |||
Dividends receivable | 203,133 | |||
Distributions receivable from Fidelity Central Funds | 8,817 | |||
Total assets | 186,099,653 | |||
Liabilities | ||||
Payable for investments purchased | $ | 574,934 | ||
Payable for fund shares redeemed | 40,130 | |||
Accrued management fee | 69,298 | |||
Total Liabilities | 684,362 | |||
Net Assets | $ | 185,415,291 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 145,877,221 | ||
Total accumulated earnings (loss) | 39,538,070 | |||
Net Assets | $ | 185,415,291 | ||
Net Asset Value, offering price and redemption price per share ($185,415,291 ÷ 15,444,311 shares) | $ | 12.01 |
Statement of Operations | ||||
Six months ended January 31, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 2,080,096 | ||
Income from Fidelity Central Funds (including $18,379 from security lending) | 108,834 | |||
Total Income | 2,188,930 | |||
Expenses | ||||
Management fee | $ | 413,673 | ||
Independent trustees' fees and expenses | 545 | |||
Total expenses before reductions | 414,218 | |||
Expense reductions | (546) | |||
Total expenses after reductions | 413,672 | |||
Net Investment income (loss) | 1,775,258 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,459,123 | |||
Foreign currency transactions | 1,606 | |||
Total net realized gain (loss) | 2,460,729 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (1,898,761) | |||
Assets and liabilities in foreign currencies | (3,545) | |||
Total change in net unrealized appreciation (depreciation) | (1,902,306) | |||
Net gain (loss) | 558,423 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,333,681 |
Statement of Changes in Net Assets | ||||
Six months ended January 31, 2024 (Unaudited) | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,775,258 | $ | 3,106,287 |
Net realized gain (loss) | 2,460,729 | 4,336,755 | ||
Change in net unrealized appreciation (depreciation) | (1,902,306) | 8,108,400 | ||
Net increase (decrease) in net assets resulting from operations | 2,333,681 | 15,551,442 | ||
Distributions to shareholders | (8,769,141) | (13,940,304) | ||
Share transactions | ||||
Proceeds from sales of shares | 19,415,918 | 115,401,725 | ||
Reinvestment of distributions | 8,769,141 | 13,940,304 | ||
Cost of shares redeemed | (30,622,864) | (74,114,191) | ||
Net increase (decrease) in net assets resulting from share transactions | (2,437,805) | 55,227,838 | ||
Total increase (decrease) in net assets | (8,873,265) | 56,838,976 | ||
Net Assets | ||||
Beginning of period | 194,288,556 | 137,449,580 | ||
End of period | $ | 185,415,291 | $ | 194,288,556 |
Other Information | ||||
Shares | ||||
Sold | 1,651,161 | 10,110,184 | ||
Issued in reinvestment of distributions | 755,476 | 1,185,215 | ||
Redeemed | (2,632,452) | (6,205,102) | ||
Net increase (decrease) | (225,815) | 5,090,297 | ||
Fidelity® Value Discovery K6 Fund |
Six months ended (Unaudited) January 31, 2024 | Years ended July 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.40 | $ | 12.99 | $ | 14.22 | $ | 10.15 | $ | 10.94 | $ | 10.98 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .21 | .21 | .19 | .23 C | .22 | ||||||
Net realized and unrealized gain (loss) | .07 | .51 | (.12) | 4.09 | (.62) | .09 | ||||||
Total from investment operations | .18 | .72 | .09 | 4.28 | (.39) | .31 | ||||||
Distributions from net investment income | (.22) | (.17) | (.20) | (.21) | (.23) | (.27) | ||||||
Distributions from net realized gain | (.35) | (1.14) | (1.12) | - | (.17) | (.08) | ||||||
Total distributions | (.57) | (1.31) | (1.32) | (.21) | (.40) | (.35) | ||||||
Net asset value, end of period | $ | 12.01 | $ | 12.40 | $ | 12.99 | $ | 14.22 | $ | 10.15 | $ | 10.94 |
Total Return D,E | 1.62% | 6.14% | .60% | 42.84% | (3.80)% | 2.98% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .45% H | .45% | .45% | .45% | .45% | .45% | ||||||
Expenses net of fee waivers, if any | .45% H | .45% | .45% | .45% | .45% | .45% | ||||||
Expenses net of all reductions | .45% H | .45% | .45% | .45% | .44% | .45% | ||||||
Net investment income (loss) | 1.93% H | 1.76% | 1.52% | 1.51% | 2.27% C | 2.13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 185,415 | $ | 194,289 | $ | 137,450 | $ | 180,575 | $ | 164,392 | $ | 191,701 |
Portfolio turnover rate I | 29% H | 43% J | 37% J | 55% | 82% | 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% |
Gross unrealized appreciation | $41,487,819 |
Gross unrealized depreciation | (4,009,692) |
Net unrealized appreciation (depreciation) | $37,478,127 |
Tax cost | $147,627,052 |
Purchases ($) | Sales ($) | |
Fidelity Value Discovery K6 Fund | 26,037,535 | 32,256,017 |
Shares | Total Proceeds ($) | |
Fidelity Value Discovery K6 Fund | 2,730,382 | 30,615,682 |
Amount | |
Fidelity Value Discovery K6 Fund | $ 491 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Value Discovery K6 Fund | 1,408,442 | 3,077,078 | (79,639) |
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 Value Discovery K6 Fund | $1,600 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (August 1, 2023 to January 31, 2024). |
Annualized Expense Ratio- A | Beginning Account Value August 1, 2023 | Ending Account Value January 31, 2024 | Expenses Paid During Period- C August 1, 2023 to January 31, 2024 | |||||||
Fidelity® Value Discovery K6 Fund | .45% | |||||||||
Actual | $ 1,000 | $ 1,016.20 | $ 2.28 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.87 | $ 2.29 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Puritan 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 Puritan 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 Puritan Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | March 21, 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: | March 21, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | March 21, 2024 |