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, Massachusetts 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: | July 31, 2024 |
Item 1.
Reports to Stockholders
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Low-Priced Stock K6 Fund Fidelity® Low-Priced Stock K6 Fund : FLKSX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Low-Priced Stock K6 Fund | $ 55 | 0.50% |
Fidelity® Low-Priced Stock K6 Fund | $10,000 | $10,230 | $11,594 | $11,510 | $11,425 | $16,659 | $16,065 | $17,870 |
Russell 2000® Index | $10,000 | $10,334 | $12,270 | $11,728 | $11,190 | $17,005 | $14,575 | $15,727 |
Russell 3000® Index | $10,000 | $10,260 | $11,942 | $12,784 | $14,181 | $19,672 | $18,226 | $20,532 |
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | Life of Fund A | |
Fidelity® Low-Priced Stock K6 Fund | 18.41% | 12.95% | 10.99% |
Russell 2000® Index | 14.25% | 8.91% | 8.50% |
Russell 3000® Index | 21.07% | 14.23% | 13.51% |
Visit www.401k.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $4,142,177,373 | |
Number of Holdings | 674 | |
Total Advisory Fee | $17,777,582 | |
Portfolio Turnover | 34% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 17.4 | |
Industrials | 15.8 | |
Consumer Discretionary | 14.3 | |
Information Technology | 13.4 | |
Health Care | 10.8 | |
Energy | 8.0 | |
Consumer Staples | 6.9 | |
Materials | 5.0 | |
Utilities | 1.8 | |
Real Estate | 1.4 | |
Communication Services | 1.0 | |
Common Stocks | 95.8 |
Bonds | 0.0 |
Short-Term Investments and Net Other Assets (Liabilities) | 4.2 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 66.1 |
Japan | 7.5 |
United Kingdom | 6.6 |
Canada | 4.2 |
China | 1.9 |
France | 1.9 |
Korea (South) | 1.7 |
Taiwan | 1.5 |
Netherlands | 1.3 |
Others | 7.3 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
UnitedHealth Group Inc | 1.7 | |
Wells Fargo & Co | 1.7 | |
PG&E Corp | 1.5 | |
Metro Inc/CN | 1.5 | |
Elevance Health Inc | 1.2 | |
TotalEnergies SE ADR | 1.2 | |
Unum Group | 1.2 | |
Reinsurance Group of America Inc | 1.2 | |
Universal Health Services Inc Class B | 1.1 | |
Cigna Group/The | 1.1 | |
13.4 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913549.100 2955-TSRA-0924 |
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | This report describes changes to the Fund that occurred during the reporting period. | |
| Fidelity® Low-Priced Stock Fund Fidelity® Low-Priced Stock Fund Class K : FLPKX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class K | $ 90 | 0.82% |
Class K | $10,000 | $10,944 | $10,793 | $12,441 | $13,956 | $13,802 | $13,746 | $20,060 | $19,245 | $21,335 | $25,240 |
Russell 2000® Index | $10,000 | $11,203 | $11,203 | $13,270 | $15,756 | $15,060 | $14,369 | $21,836 | $18,715 | $20,195 | $23,073 |
Russell 3000® Index | $10,000 | $11,128 | $11,623 | $13,498 | $15,711 | $16,819 | $18,657 | $25,882 | $23,979 | $27,013 | $32,705 |
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | 10 Year | |
Class K | 18.30% | 12.83% | 9.70% |
Russell 2000® Index | 14.25% | 8.91% | 8.72% |
Russell 3000® Index | 21.07% | 14.23% | 12.58% |
Visit www.401k.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $27,883,182,316 | |
Number of Holdings | 677 | |
Total Advisory Fee | $221,357,013 | |
Portfolio Turnover | 23% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 17.7 | |
Industrials | 16.4 | |
Consumer Discretionary | 14.7 | |
Information Technology | 13.9 | |
Health Care | 11.2 | |
Energy | 8.3 | |
Consumer Staples | 7.2 | |
Materials | 5.0 | |
Utilities | 1.9 | |
Real Estate | 1.5 | |
Communication Services | 1.0 | |
Common Stocks | 98.8 |
Bonds | 0.0 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.2 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 64.4 |
Japan | 8.0 |
United Kingdom | 6.7 |
Canada | 4.4 |
Korea (South) | 2.1 |
China | 2.0 |
France | 1.9 |
Taiwan | 1.6 |
Netherlands | 1.5 |
Others | 7.4 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Wells Fargo & Co | 1.8 | |
UnitedHealth Group Inc | 1.7 | |
PG&E Corp | 1.6 | |
Metro Inc/CN | 1.6 | |
TotalEnergies SE ADR | 1.3 | |
Elevance Health Inc | 1.2 | |
Unum Group | 1.2 | |
Universal Health Services Inc Class B | 1.1 | |
Cigna Group/The | 1.1 | |
Reinsurance Group of America Inc | 1.1 | |
13.7 | ||
The fund's transfer agent and pricing & bookkeeping fees were changed to a fixed rate effective December 1, 2023, through February 29, 2024, in anticipation of the transition to a new management fee structure. Effective March 1, 2024, the fund's management contract was amended to incorporate administrative services previously covered under separate services agreements (transfer agent and pricing & bookkeeping). The amended contract incorporates a basic fee rate that may vary by class (subject to a performance adjustment). The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class's management fee. |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913422.100 2095-TSRA-0924 |
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | This report describes changes to the Fund that occurred during the reporting period. | |
| Fidelity® Low-Priced Stock Fund Fidelity® Low-Priced Stock Fund : FLPSX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Low-Priced Stock Fund | $ 99 | 0.91% |
Fidelity® Low-Priced Stock Fund | $10,000 | $10,932 | $10,771 | $12,405 | $13,902 | $13,735 | $13,669 | $19,933 | $19,105 | $21,164 | $25,015 |
Russell 2000® Index | $10,000 | $11,203 | $11,203 | $13,270 | $15,756 | $15,060 | $14,369 | $21,836 | $18,715 | $20,195 | $23,073 |
Russell 3000® Index | $10,000 | $11,128 | $11,623 | $13,498 | $15,711 | $16,819 | $18,657 | $25,882 | $23,979 | $27,013 | $32,705 |
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | 10 Year | |
Fidelity® Low-Priced Stock Fund | 18.19% | 12.74% | 9.60% |
Russell 2000® Index | 14.25% | 8.91% | 8.72% |
Russell 3000® Index | 21.07% | 14.23% | 12.58% |
Visit www.fidelity.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $27,883,182,316 | |
Number of Holdings | 677 | |
Total Advisory Fee | $221,357,013 | |
Portfolio Turnover | 23% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 17.7 | |
Industrials | 16.4 | |
Consumer Discretionary | 14.7 | |
Information Technology | 13.9 | |
Health Care | 11.2 | |
Energy | 8.3 | |
Consumer Staples | 7.2 | |
Materials | 5.0 | |
Utilities | 1.9 | |
Real Estate | 1.5 | |
Communication Services | 1.0 | |
Common Stocks | 98.8 |
Bonds | 0.0 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.2 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 64.4 |
Japan | 8.0 |
United Kingdom | 6.7 |
Canada | 4.4 |
Korea (South) | 2.1 |
China | 2.0 |
France | 1.9 |
Taiwan | 1.6 |
Netherlands | 1.5 |
Others | 7.4 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Wells Fargo & Co | 1.8 | |
UnitedHealth Group Inc | 1.7 | |
PG&E Corp | 1.6 | |
Metro Inc/CN | 1.6 | |
TotalEnergies SE ADR | 1.3 | |
Elevance Health Inc | 1.2 | |
Unum Group | 1.2 | |
Universal Health Services Inc Class B | 1.1 | |
Cigna Group/The | 1.1 | |
Reinsurance Group of America Inc | 1.1 | |
13.7 | ||
The fund's transfer agent and pricing & bookkeeping fees were changed to a fixed rate effective December 1, 2023, through February 29, 2024, in anticipation of the transition to a new management fee structure. Effective March 1, 2024, the fund's management contract was amended to incorporate administrative services previously covered under separate services agreements (transfer agent and pricing & bookkeeping). The amended contract incorporates a basic fee rate that may vary by class (subject to a performance adjustment). The Adviser or an affiliate pays certain expenses of managing and operating the fund out of each class's management fee. |
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913423.100 316-TSRA-0924 |
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Value Discovery K6 Fund Fidelity® Value Discovery K6 Fund : FDVKX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Value Discovery K6 Fund | $ 48 | 0.45% |
Fidelity® Value Discovery K6 Fund | $10,000 | $10,380 | $11,063 | $11,393 | $10,960 | $15,655 | $15,750 | $16,716 |
Russell 3000® Value Index | $10,000 | $10,261 | $11,278 | $11,755 | $10,971 | $15,438 | $15,184 | $16,403 |
Russell 3000® Index | $10,000 | $10,263 | $11,945 | $12,787 | $14,185 | $19,678 | $18,231 | $20,538 |
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | Life of Fund A | |
Fidelity® Value Discovery K6 Fund | 10.25% | 10.10% | 8.88% |
Russell 3000® Value Index | 14.80% | 9.88% | 9.20% |
Russell 3000® Index | 21.07% | 14.23% | 13.51% |
Visit www.401k.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $169,849,561 | |
Number of Holdings | 93 | |
Total Advisory Fee | $811,886 | |
Portfolio Turnover | 29% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 24.6 | |
Health Care | 17.0 | |
Industrials | 11.9 | |
Consumer Staples | 10.2 | |
Energy | 8.9 | |
Information Technology | 7.1 | |
Utilities | 6.5 | |
Communication Services | 5.0 | |
Consumer Discretionary | 4.5 | |
Materials | 2.2 | |
Real Estate | 1.1 | |
Common Stocks | 98.1 |
Preferred Stocks | 0.9 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.0 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 88.5 |
United Kingdom | 4.4 |
Canada | 2.2 |
Germany | 1.9 |
France | 1.3 |
Korea (South) | 0.9 |
Norway | 0.7 |
Denmark | 0.1 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Exxon Mobil Corp | 4.4 | |
JPMorgan Chase & Co | 3.9 | |
Chubb Ltd | 3.0 | |
Bank of America Corp | 2.9 | |
UnitedHealth Group Inc | 2.9 | |
Comcast Corp Class A | 2.7 | |
Cigna Group/The | 2.7 | |
Travelers Cos Inc/The | 2.5 | |
Berkshire Hathaway Inc Class B | 2.3 | |
Walt Disney Co/The | 2.3 | |
29.6 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913547.100 2943-TSRA-0924 |
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | ||
| Fidelity® Series Intrinsic Opportunities Fund Fidelity® Series Intrinsic Opportunities Fund : FDMLX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Series Intrinsic Opportunities Fund | $ 0 A | 0.00%B |
Fidelity® Series Intrinsic Opportunities Fund | $10,000 | $11,235 | $11,284 | $13,393 | $15,244 | $14,462 | $14,190 | $21,736 | $21,775 | $24,738 | $29,737 |
Russell 3000® and Russell 2000® Linked Index | $10,000 | $11,128 | $11,623 | $13,498 | $15,711 | $16,819 | $18,657 | $25,882 | $23,979 | $26,860 | $30,688 |
Russell 2000® Index | $10,000 | $11,203 | $11,203 | $13,270 | $15,756 | $15,060 | $14,369 | $21,836 | $18,715 | $20,195 | $23,073 |
Russell 3000® Index | $10,000 | $11,128 | $11,623 | $13,498 | $15,711 | $16,819 | $18,657 | $25,882 | $23,979 | $27,013 | $32,705 |
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | 10 Year | |
Fidelity® Series Intrinsic Opportunities Fund | 20.21% | 15.51% | 11.51% |
Russell 3000® and Russell 2000® Linked Index | 14.25% | 12.78% | 11.87% |
Russell 2000® Index | 14.25% | 8.91% | 8.72% |
Russell 3000® Index | 21.07% | 14.23% | 12.58% |
Visit www.fidelity.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $3,035,944,963 | |
Number of Holdings | 261 | |
Total Advisory Fee | $0 | |
Portfolio Turnover | 21% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 20.9 | |
Industrials | 18.3 | |
Consumer Discretionary | 13.0 | |
Information Technology | 11.7 | |
Health Care | 10.8 | |
Energy | 7.4 | |
Materials | 6.7 | |
Consumer Staples | 3.9 | |
Real Estate | 2.0 | |
Utilities | 1.6 | |
Communication Services | 1.5 | |
Common Stocks | 97.8 |
Short-Term Investments and Net Other Assets (Liabilities) | 2.2 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 89.1 |
Japan | 2.4 |
United Kingdom | 1.4 |
France | 1.1 |
Sweden | 0.8 |
Puerto Rico | 0.7 |
Greece | 0.6 |
Netherlands | 0.6 |
Austria | 0.5 |
Others | 2.8 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Wells Fargo & Co | 1.8 | |
PG&E Corp | 1.6 | |
UnitedHealth Group Inc | 1.4 | |
Jones Lang LaSalle Inc | 1.2 | |
Reinsurance Group of America Inc | 1.1 | |
Centene Corp | 1.1 | |
Cigna Group/The | 1.1 | |
Seagate Technology Holdings PLC | 1.1 | |
Elevance Health Inc | 1.1 | |
Diamondback Energy Inc | 1.1 | |
12.6 | ||
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913517.100 2455-TSRA-0924 |
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | This report describes changes to the Fund that occurred during the reporting period. | |
| Fidelity® Value Discovery Fund Fidelity® Value Discovery Fund Class K : FVDKX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Class K | $ 54 | 0.52% |
Class K | $10,000 | $10,880 | $10,906 | $12,849 | $13,663 | $14,064 | $13,585 | $19,394 | $19,372 | $20,520 | $22,592 |
Russell 3000® Value Index | $10,000 | $10,623 | $11,196 | $12,782 | $14,049 | $14,643 | $13,667 | $19,231 | $18,913 | $20,432 | $23,455 |
Russell 3000® Index | $10,000 | $11,128 | $11,623 | $13,498 | $15,711 | $16,819 | $18,657 | $25,882 | $23,979 | $27,013 | $32,705 |
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | 10 Year | |
Class K | 10.10% | 9.94% | 8.49% |
Russell 3000® Value Index | 14.80% | 9.88% | 8.90% |
Russell 3000® Index | 21.07% | 14.23% | 12.58% |
Visit www.401k.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $3,130,851,796 | |
Number of Holdings | 93 | |
Total Advisory Fee | $15,232,141 | |
Portfolio Turnover | 33% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 24.8 | |
Health Care | 17.0 | |
Industrials | 12.1 | |
Consumer Staples | 10.2 | |
Energy | 8.7 | |
Information Technology | 7.0 | |
Utilities | 6.4 | |
Communication Services | 4.9 | |
Consumer Discretionary | 4.6 | |
Materials | 2.1 | |
Real Estate | 1.1 | |
Common Stocks | 97.8 |
Preferred Stocks | 1.1 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.1 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 88.7 |
United Kingdom | 4.2 |
Canada | 2.0 |
Germany | 1.9 |
France | 1.3 |
Korea (South) | 1.1 |
Norway | 0.7 |
Denmark | 0.1 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Exxon Mobil Corp | 4.3 | |
JPMorgan Chase & Co | 4.0 | |
Chubb Ltd | 3.1 | |
UnitedHealth Group Inc | 2.9 | |
Comcast Corp Class A | 2.8 | |
Bank of America Corp | 2.8 | |
Cigna Group/The | 2.7 | |
Travelers Cos Inc/The | 2.5 | |
Berkshire Hathaway Inc Class B | 2.5 | |
PG&E Corp | 2.3 | |
29.9 | ||
The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes:
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913451.100 2103-TSRA-0924 |
ANNUAL SHAREHOLDER REPORT | AS OF JULY 31, 2024 | This report describes changes to the Fund that occurred during the reporting period. | |
| Fidelity® Value Discovery Fund Fidelity® Value Discovery Fund : FVDFX | |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment | ||
Fidelity® Value Discovery Fund | $ 67 | 0.64% |
Fidelity® Value Discovery Fund | $10,000 | $10,868 | $10,874 | $12,798 | $13,591 | $13,979 | $13,484 | $19,235 | $19,194 | $20,313 | $22,343 |
Russell 3000® Value Index | $10,000 | $10,623 | $11,196 | $12,782 | $14,049 | $14,643 | $13,667 | $19,231 | $18,913 | $20,432 | $23,455 |
Russell 3000® Index | $10,000 | $11,128 | $11,623 | $13,498 | $15,711 | $16,819 | $18,657 | $25,882 | $23,979 | $27,013 | $32,705 |
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
1 Year | 5 Year | 10 Year | |
Fidelity® Value Discovery Fund | 9.99% | 9.83% | 8.37% |
Russell 3000® Value Index | 14.80% | 9.88% | 8.90% |
Russell 3000® Index | 21.07% | 14.23% | 12.58% |
Visit www.fidelity.com for more recent performance information. |
The Fund's past performance is not a good predictor of the Fund's future performance. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
KEY FACTS | ||
Fund Size | $3,130,851,796 | |
Number of Holdings | 93 | |
Total Advisory Fee | $15,232,141 | |
Portfolio Turnover | 33% |
(as of July 31, 2024)
MARKET SECTORS (% of Fund's net assets) | ||
Financials | 24.8 | |
Health Care | 17.0 | |
Industrials | 12.1 | |
Consumer Staples | 10.2 | |
Energy | 8.7 | |
Information Technology | 7.0 | |
Utilities | 6.4 | |
Communication Services | 4.9 | |
Consumer Discretionary | 4.6 | |
Materials | 2.1 | |
Real Estate | 1.1 | |
Common Stocks | 97.8 |
Preferred Stocks | 1.1 |
Short-Term Investments and Net Other Assets (Liabilities) | 1.1 |
ASSET ALLOCATION (% of Fund's net assets) |
United States | 88.7 |
United Kingdom | 4.2 |
Canada | 2.0 |
Germany | 1.9 |
France | 1.3 |
Korea (South) | 1.1 |
Norway | 0.7 |
Denmark | 0.1 |
GEOGRAPHIC DIVERSIFICATION (% of Fund's net assets) |
TOP HOLDINGS (% of Fund's net assets) | ||
Exxon Mobil Corp | 4.3 | |
JPMorgan Chase & Co | 4.0 | |
Chubb Ltd | 3.1 | |
UnitedHealth Group Inc | 2.9 | |
Comcast Corp Class A | 2.8 | |
Bank of America Corp | 2.8 | |
Cigna Group/The | 2.7 | |
Travelers Cos Inc/The | 2.5 | |
Berkshire Hathaway Inc Class B | 2.5 | |
PG&E Corp | 2.3 | |
29.9 | ||
The fees associated with this class changed during the reporting year. The variations in class fees are primarily the result of the following changes:
|
Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners. © 2024 FMR LLC. All rights reserved. | ||
For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit fundresearch.fidelity.com/prospectus/sec 1.9913452.100 832-TSRA-0924 |
Item 2.
Code of Ethics
As of the end of the period, July 31, 2024, Fidelity Puritan Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Series Intrinsic Opportunities Fund, Fidelity Value Discovery Fund and Fidelity Value Discovery K6 Fund (the “Funds”):
Services Billed by Deloitte Entities
July 31, 2024 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Series Intrinsic Opportunities Fund | $54,500 | $- | $11,400 | $1,400 |
Fidelity Value Discovery Fund | $38,400 | $- | $8,700 | $900 |
Fidelity Value Discovery K6 Fund | $36,700 | $- | $9,700 | $900 |
July 31, 2023 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Series Intrinsic Opportunities Fund | $54,800 | $- | $10,300 | $1,400 |
Fidelity Value Discovery Fund | $38,400 | $- | $10,000 | $900 |
Fidelity Value Discovery K6 Fund | $36,800 | $- | $8,200 | $900 |
A Amounts may reflect rounding.
The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for services rendered to Fidelity Low-Priced Stock Fund and Fidelity Low-Priced Stock K6 Fund (the “Funds”):
Services Billed by PwC
July 31, 2024 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Low-Priced Stock Fund | $69,800 | $6,500 | $34,200 | $2,200 |
Fidelity Low-Priced Stock K6 Fund | $60,500 | $5,500 | $16,600 | $1,900 |
July 31, 2023 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Low-Priced Stock Fund | $97,300 | $6,200 | $92,700 | $2,100 |
Fidelity Low-Priced Stock K6 Fund | $83,100 | $5,400 | $12,800 | $1,800 |
A Amounts may reflect rounding.
The following table(s) present(s) fees billed by Deloitte Entities and PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
July 31, 2024A | July 31, 2023A | |
Audit-Related Fees | $200,000 | $80,000 |
Tax Fees | $- | $- |
All Other Fees | $1,929,500 | $- |
A Amounts may reflect rounding.
Services Billed by PwC
July 31, 2024A | July 31, 2023A | |
Audit-Related Fees | $9,437,800 | $8,699,200 |
Tax Fees | $61,000 | $1,000 |
All Other Fees | $35,000 | $- |
A Amounts may reflect rounding.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities and PwC for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | July 31, 2024A | July 31, 2023A |
Deloitte Entities | $4,981,500 | $3,329,700 |
PwC | $15,075,300 | $14,274,000 |
A Amounts may reflect rounding.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities and PwC to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities and PwC in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities and PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.
The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable.
Item 7.
Financial Statements and Financial Highlights for Open-End Management Investment Companies
Contents
Common Stocks - 97.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 4.9% | |||
Entertainment - 2.2% | |||
The Walt Disney Co. | 725,600 | 67,981,464 | |
Media - 2.7% | |||
Comcast Corp. Class A | 2,095,930 | 86,499,031 | |
TOTAL COMMUNICATION SERVICES | 154,480,495 | ||
CONSUMER DISCRETIONARY - 4.6% | |||
Diversified Consumer Services - 1.8% | |||
H&R Block, Inc. | 987,062 | 57,190,372 | |
Household Durables - 0.3% | |||
Berkeley Group Holdings PLC | 123,800 | 8,081,962 | |
Specialty Retail - 2.2% | |||
Lowe's Companies, Inc. | 118,100 | 28,994,731 | |
Murphy U.S.A., Inc. | 21,400 | 10,805,288 | |
Ross Stores, Inc. | 211,740 | 30,327,520 | |
70,127,539 | |||
Textiles, Apparel & Luxury Goods - 0.3% | |||
Tapestry, Inc. | 203,600 | 8,162,324 | |
TOTAL CONSUMER DISCRETIONARY | 143,562,197 | ||
CONSUMER STAPLES - 10.2% | |||
Beverages - 3.6% | |||
Coca-Cola Europacific Partners PLC | 286,039 | 21,101,097 | |
Diageo PLC | 564,300 | 17,558,186 | |
Keurig Dr. Pepper, Inc. | 1,049,300 | 35,970,004 | |
The Coca-Cola Co. | 590,400 | 39,403,296 | |
114,032,583 | |||
Consumer Staples Distribution & Retail - 1.9% | |||
Alimentation Couche-Tard, Inc. (multi-vtg.) | 159,500 | 9,832,358 | |
BJ's Wholesale Club Holdings, Inc. (a) | 238,100 | 20,943,276 | |
U.S. Foods Holding Corp. (a) | 496,460 | 27,002,459 | |
57,778,093 | |||
Food Products - 1.3% | |||
Mondelez International, Inc. | 271,561 | 18,561,194 | |
Tyson Foods, Inc. Class A | 358,929 | 21,858,776 | |
40,419,970 | |||
Household Products - 1.0% | |||
Procter & Gamble Co. | 202,034 | 32,478,986 | |
Personal Care Products - 2.4% | |||
Haleon PLC | 5,628,200 | 25,244,745 | |
Kenvue, Inc. | 2,718,004 | 50,255,894 | |
75,500,639 | |||
TOTAL CONSUMER STAPLES | 320,210,271 | ||
ENERGY - 8.8% | |||
Oil, Gas & Consumable Fuels - 8.8% | |||
Antero Resources Corp. (a) | 563,496 | 16,352,654 | |
Equinor ASA sponsored ADR | 861,188 | 22,873,153 | |
Exxon Mobil Corp. | 1,136,141 | 134,734,962 | |
Occidental Petroleum Corp. | 350,101 | 21,293,143 | |
Ovintiv, Inc. | 394,351 | 18,313,660 | |
Parex Resources, Inc. (b) | 1,191,808 | 17,877,336 | |
Parkland Corp. | 140,900 | 3,952,527 | |
Shell PLC ADR | 529,400 | 38,762,668 | |
274,160,103 | |||
FINANCIALS - 24.7% | |||
Banks - 12.1% | |||
Bank of America Corp. | 2,132,990 | 85,980,827 | |
Cullen/Frost Bankers, Inc. | 63,891 | 7,479,080 | |
JPMorgan Chase & Co. | 579,670 | 123,353,776 | |
M&T Bank Corp. | 168,077 | 28,937,817 | |
PNC Financial Services Group, Inc. | 211,096 | 38,229,486 | |
U.S. Bancorp | 586,400 | 26,317,632 | |
Wells Fargo & Co. | 1,134,289 | 67,308,709 | |
377,607,327 | |||
Capital Markets - 2.7% | |||
BlackRock, Inc. | 64,683 | 56,694,650 | |
Northern Trust Corp. | 328,324 | 29,105,923 | |
85,800,573 | |||
Financial Services - 3.2% | |||
Apollo Global Management, Inc. | 186,200 | 23,332,722 | |
Berkshire Hathaway, Inc. Class B (a) | 178,492 | 78,268,742 | |
101,601,464 | |||
Insurance - 6.7% | |||
Chubb Ltd. | 343,946 | 94,812,154 | |
The Travelers Companies, Inc. | 366,406 | 79,304,915 | |
Willis Towers Watson PLC | 123,999 | 35,002,438 | |
209,119,507 | |||
TOTAL FINANCIALS | 774,128,871 | ||
HEALTH CARE - 17.0% | |||
Health Care Providers & Services - 10.3% | |||
Centene Corp. (a) | 849,690 | 65,358,155 | |
Cigna Group | 238,191 | 83,050,056 | |
CVS Health Corp. | 626,200 | 37,778,646 | |
Elevance Health, Inc. | 80,077 | 42,603,366 | |
UnitedHealth Group, Inc. | 159,520 | 91,909,043 | |
320,699,266 | |||
Pharmaceuticals - 6.7% | |||
AstraZeneca PLC sponsored ADR | 727,814 | 57,606,478 | |
Bristol-Myers Squibb Co. | 1,002,685 | 47,687,699 | |
Johnson & Johnson | 315,808 | 49,850,293 | |
Roche Holding AG (participation certificate) | 73,314 | 23,736,112 | |
Sanofi SA sponsored ADR | 610,351 | 31,622,285 | |
210,502,867 | |||
TOTAL HEALTH CARE | 531,202,133 | ||
INDUSTRIALS - 12.0% | |||
Aerospace & Defense - 3.6% | |||
Airbus Group NV | 114,404 | 17,312,384 | |
L3Harris Technologies, Inc. | 73,626 | 16,705,003 | |
Lockheed Martin Corp. | 59,685 | 32,344,495 | |
Northrop Grumman Corp. | 77,064 | 37,323,636 | |
The Boeing Co. (a) | 42,700 | 8,138,620 | |
111,824,138 | |||
Air Freight & Logistics - 1.5% | |||
C.H. Robinson Worldwide, Inc. | 50,900 | 4,532,645 | |
DHL Group | 329,395 | 14,692,842 | |
FedEx Corp. | 86,700 | 26,205,075 | |
45,430,562 | |||
Building Products - 0.6% | |||
Johnson Controls International PLC | 268,300 | 19,194,182 | |
Electrical Equipment - 0.9% | |||
GE Vernova LLC | 31,500 | 5,614,560 | |
Regal Rexnord Corp. | 120,806 | 19,411,108 | |
Vestas Wind Systems A/S (a) | 165,300 | 4,090,687 | |
29,116,355 | |||
Industrial Conglomerates - 1.4% | |||
Siemens AG | 242,377 | 44,378,528 | |
Machinery - 3.0% | |||
Allison Transmission Holdings, Inc. | 54,400 | 4,819,296 | |
Cummins, Inc. | 24,500 | 7,149,100 | |
Deere & Co. | 142,300 | 52,932,754 | |
Oshkosh Corp. | 26,090 | 2,834,679 | |
Pentair PLC | 311,055 | 27,332,403 | |
95,068,232 | |||
Professional Services - 1.0% | |||
Genpact Ltd. | 330,600 | 11,461,902 | |
Maximus, Inc. | 212,011 | 19,693,702 | |
31,155,604 | |||
TOTAL INDUSTRIALS | 376,167,601 | ||
INFORMATION TECHNOLOGY - 5.9% | |||
Communications Equipment - 1.9% | |||
Cisco Systems, Inc. | 1,271,156 | 61,587,508 | |
IT Services - 2.4% | |||
Amdocs Ltd. | 416,604 | 36,440,352 | |
Capgemini SA | 112,236 | 22,281,482 | |
Cognizant Technology Solutions Corp. Class A | 206,715 | 15,644,191 | |
74,366,025 | |||
Software - 1.6% | |||
Gen Digital, Inc. | 1,587,082 | 41,248,261 | |
Open Text Corp. | 251,218 | 7,920,904 | |
49,169,165 | |||
TOTAL INFORMATION TECHNOLOGY | 185,122,698 | ||
MATERIALS - 2.1% | |||
Chemicals - 1.5% | |||
CF Industries Holdings, Inc. | 330,900 | 25,277,451 | |
Nutrien Ltd. | 429,600 | 21,995,520 | |
47,272,971 | |||
Containers & Packaging - 0.6% | |||
Crown Holdings, Inc. | 221,000 | 19,602,700 | |
TOTAL MATERIALS | 66,875,671 | ||
REAL ESTATE - 1.1% | |||
Equity Real Estate Investment Trusts (REITs) - 1.1% | |||
Crown Castle, Inc. | 201,500 | 22,181,120 | |
Simon Property Group, Inc. | 78,100 | 11,983,664 | |
34,164,784 | |||
UTILITIES - 6.4% | |||
Electric Utilities - 4.4% | |||
Edison International | 520,933 | 41,679,849 | |
NextEra Energy, Inc. | 231,781 | 17,705,751 | |
PG&E Corp. | 3,840,903 | 70,096,480 | |
Southern Co. | 109,246 | 9,124,226 | |
138,606,306 | |||
Independent Power and Renewable Electricity Producers - 0.4% | |||
The AES Corp. | 759,431 | 13,510,277 | |
Multi-Utilities - 1.6% | |||
National Grid PLC | 2,257,466 | 28,643,134 | |
Sempra | 244,800 | 19,598,688 | |
48,241,822 | |||
TOTAL UTILITIES | 200,358,405 | ||
TOTAL COMMON STOCKS (Cost $2,362,009,546) | 3,060,433,229 | ||
Nonconvertible Preferred Stocks - 1.2% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 1.2% | |||
Technology Hardware, Storage & Peripherals - 1.2% | |||
Samsung Electronics Co. Ltd. (Cost $31,159,294) | 762,920 | 36,146,787 | |
Money Market Funds - 1.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) | 45,145,529 | 45,154,558 | |
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d) | 1,859,814 | 1,860,000 | |
TOTAL MONEY MARKET FUNDS (Cost $47,014,558) | 47,014,558 | ||
TOTAL INVESTMENT IN SECURITIES - 100.4% (Cost $2,440,183,398) | 3,143,594,574 |
NET OTHER ASSETS (LIABILITIES) - (0.4)% | (12,742,778) |
NET ASSETS - 100.0% | 3,130,851,796 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 | 573,116,182 | 571,128,732 | 2,793,277 | 142 | - | 45,154,558 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 21,052,883 | 118,639,986 | 137,832,869 | 314,797 | - | - | 1,860,000 | 0.0% |
Total | 64,219,849 | 691,756,168 | 708,961,601 | 3,108,074 | 142 | - | 47,014,558 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 154,480,495 | 154,480,495 | - | - |
Consumer Discretionary | 143,562,197 | 135,480,235 | 8,081,962 | - |
Consumer Staples | 320,210,271 | 277,407,340 | 42,802,931 | - |
Energy | 274,160,103 | 274,160,103 | - | - |
Financials | 774,128,871 | 774,128,871 | - | - |
Health Care | 531,202,133 | 507,466,021 | 23,736,112 | - |
Industrials | 376,167,601 | 295,693,160 | 80,474,441 | - |
Information Technology | 221,269,485 | 198,988,003 | 22,281,482 | - |
Materials | 66,875,671 | 66,875,671 | - | - |
Real Estate | 34,164,784 | 34,164,784 | - | - |
Utilities | 200,358,405 | 171,715,271 | 28,643,134 | - |
Money Market Funds | 47,014,558 | 47,014,558 | - | - |
Total Investments in Securities: | 3,143,594,574 | 2,937,574,512 | 206,020,062 | - |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $1,798,979) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,393,168,840) | $ | 3,096,580,016 | ||
Fidelity Central Funds (cost $47,014,558) | 47,014,558 | |||
Total Investment in Securities (cost $2,440,183,398) | $ | 3,143,594,574 | ||
Foreign currency held at value (cost $557,343) | 555,061 | |||
Receivable for fund shares sold | 2,941,489 | |||
Dividends receivable | 2,154,855 | |||
Reclaims receivable | 2,049,011 | |||
Distributions receivable from Fidelity Central Funds | 149,384 | |||
Prepaid expenses | 519 | |||
Other receivables | 6,421 | |||
Total assets | 3,151,451,314 | |||
Liabilities | ||||
Payable for investments purchased | $ | 15,994,363 | ||
Payable for fund shares redeemed | 1,262,966 | |||
Accrued management fee | 1,338,704 | |||
Other payables and accrued expenses | 143,485 | |||
Collateral on securities loaned | 1,860,000 | |||
Total liabilities | 20,599,518 | |||
Net Assets | $ | 3,130,851,796 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,309,945,266 | ||
Total accumulated earnings (loss) | 820,906,530 | |||
Net Assets | $ | 3,130,851,796 | ||
Net Asset Value and Maximum Offering Price | ||||
Value Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($3,065,869,570 ÷ 80,617,959 shares) | $ | 38.03 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($64,982,226 ÷ 1,706,893 shares) | $ | 38.07 |
Statement of Operations | ||||
Year ended July 31, 2024 | ||||
Investment Income | ||||
Dividends | $ | 68,172,666 | ||
Interest | 434 | |||
Income from Fidelity Central Funds (including $314,797 from security lending) | 3,108,074 | |||
Total income | 71,281,174 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 16,383,015 | ||
Performance adjustment | (972,405) | |||
Transfer agent fees | 2,213,429 | |||
Accounting fees | 422,471 | |||
Custodian fees and expenses | 63,950 | |||
Independent trustees' fees and expenses | 13,935 | |||
Registration fees | 95,179 | |||
Audit fees | 63,271 | |||
Legal | 6,140 | |||
Miscellaneous | 91,595 | |||
Total expenses before reductions | 18,380,580 | |||
Expense reductions | (181,737) | |||
Total expenses after reductions | 18,198,843 | |||
Net Investment income (loss) | 53,082,331 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 122,161,302 | |||
Fidelity Central Funds | 142 | |||
Foreign currency transactions | 5,502 | |||
Total net realized gain (loss) | 122,166,946 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 104,281,776 | |||
Assets and liabilities in foreign currencies | (55,554) | |||
Total change in net unrealized appreciation (depreciation) | 104,226,222 | |||
Net gain (loss) | 226,393,168 | |||
Net increase (decrease) in net assets resulting from operations | $ | 279,475,499 |
Statement of Changes in Net Assets | ||||
Year ended July 31, 2024 | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 53,082,331 | $ | 39,500,806 |
Net realized gain (loss) | 122,166,946 | 105,614,232 | ||
Change in net unrealized appreciation (depreciation) | 104,226,222 | 15,435,014 | ||
Net increase (decrease) in net assets resulting from operations | 279,475,499 | 160,550,052 | ||
Distributions to shareholders | (147,607,805) | (133,719,223) | ||
Share transactions - net increase (decrease) | 69,875,667 | (52,772,440) | ||
Total increase (decrease) in net assets | 201,743,361 | (25,941,611) | ||
Net Assets | ||||
Beginning of period | 2,929,108,435 | 2,955,050,046 | ||
End of period | $ | 3,130,851,796 | $ | 2,929,108,435 |
Fidelity® Value Discovery Fund |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.46 | $ | 36.10 | $ | 37.95 | $ | 26.99 | $ | 28.85 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .66 | .48 | .45 | .40 | .57 C | |||||
Net realized and unrealized gain (loss) | 2.74 | 1.53 | (.48) | 10.98 | (1.53) | |||||
Total from investment operations | 3.40 | 2.01 | (.03) | 11.38 | (.96) | |||||
Distributions from net investment income | (.58) | (.44) | (.43) | (.42) | (.52) | |||||
Distributions from net realized gain | (1.26) | (1.21) | (1.40) | - | (.38) | |||||
Total distributions | (1.83) D | (1.65) | (1.82) D | (.42) | (.90) | |||||
Net asset value, end of period | $ | 38.03 | $ | 36.46 | $ | 36.10 | $ | 37.95 | $ | 26.99 |
Total Return E | 9.99 % | 5.83% | (.21)% | 42.65% | (3.54)% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .64% | .84% | .80% | .75% | .66% | |||||
Expenses net of fee waivers, if any | .64 % | .83% | .80% | .75% | .66% | |||||
Expenses net of all reductions | .64% | .83% | .80% | .74% | .64% | |||||
Net investment income (loss) | 1.85% | 1.37% | 1.20% | 1.21% | 2.07% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,065,870 | $ | 2,911,436 | $ | 2,895,400 | $ | 3,192,073 | $ | 1,788,146 |
Portfolio turnover rate H | 33 % | 24% I | 34% I | 36% | 70% I |
Fidelity® Value Discovery Fund Class K |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.49 | $ | 36.13 | $ | 37.98 | $ | 27.01 | $ | 28.86 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .70 | .51 | .49 | .44 | .60 C | |||||
Net realized and unrealized gain (loss) | 2.74 | 1.54 | (.48) | 10.97 | (1.52) | |||||
Total from investment operations | 3.44 | 2.05 | .01 | 11.41 | (.92) | |||||
Distributions from net investment income | (.60) | (.47) | (.46) | (.44) | (.55) | |||||
Distributions from net realized gain | (1.26) | (1.21) | (1.40) | - | (.38) | |||||
Total distributions | (1.86) | (1.69) D | (1.86) | (.44) | (.93) | |||||
Net asset value, end of period | $ | 38.07 | $ | 36.49 | $ | 36.13 | $ | 37.98 | $ | 27.01 |
Total Return E | 10.10 % | 5.92% | (.12)% | 42.76% | (3.40)% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .52% | .75% | .70% | .65% | .56% | |||||
Expenses net of fee waivers, if any | .52 % | .74% | .70% | .65% | .56% | |||||
Expenses net of all reductions | .52% | .74% | .70% | .65% | .54% | |||||
Net investment income (loss) | 1.97% | 1.47% | 1.30% | 1.30% | 2.17% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 64,982 | $ | 17,672 | $ | 59,650 | $ | 87,856 | $ | 37,275 |
Portfolio turnover rate H | 33 % | 24% I | 34% I | 36% | 70% I |
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 | $763,306,343 |
Gross unrealized depreciation | (64,876,511) |
Net unrealized appreciation (depreciation) | $698,429,832 |
Tax Cost | $2,445,164,742 |
Undistributed ordinary income | $31,470,560 |
Undistributed long-term capital gain | $90,993,801 |
Net unrealized appreciation (depreciation) on securities and other investments | $698,442,169 |
July 31, 2024 | July 31, 2023 | |
Ordinary Income | $46,367,591 | $ 35,995,440 |
Long-term Capital Gains | 101,240,214 | 97,723,783 |
Total | $147,607,805 | $ 133,719,223 |
Purchases ($) | Sales ($) | |
Fidelity Value Discovery Fund | 977,923,818 | 927,384,619 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Value Discovery Fund | 928,278 | 8,848,380 | 30,615,682 |
Maximum Management Fee Rate % | |
Value Discovery | .65 |
Class K | .56 |
Total Management Fee Rate % | |
Value Discovery | .64 |
Class K | .56 |
Performance Adjustment Index | |
Fidelity Value Discovery Fund | Russell 3000 Value Index |
% of Class-Level Average Net Assets | ||
Value Discovery | .1362 | |
Class K | .0420 | |
Amount ($) | % of Class-Level Average Net Assets | |
Value Discovery | 2,209,301 | .14 |
Class K | 4,128 | .04 |
2,213,429 |
% of Average Net Assets | |
Fidelity Value Discovery Fund | .0259 |
% of Average Net Assets | |
Fidelity Value Discovery Fund | .03 |
Amount ($) | |
Fidelity Value Discovery Fund | 11,292 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Value Discovery Fund | 79,332,972 | 88,963,633 | 4,491,618 |
Amount ($) | |
Fidelity Value Discovery Fund | 4,796 |
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 | 27,161 | - | - |
Year ended July 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 | |
Year ended July 31, 2024 | Year ended July 31, 2023 | Year ended July 31, 2024 | Year ended July 31, 2023 | |
Fidelity Value Discovery Fund | ||||
Value Discovery | ||||
Shares sold | 21,038,331 | 18,888,345 | $741,432,712 | $639,957,332 |
Reinvestment of distributions | 2,752,672 | 2,461,661 | 93,601,712 | 85,499,522 |
Shares redeemed | (23,025,819) | (21,696,074) | (809,705,432) | (739,316,686) |
Net increase (decrease) | 765,184 | (346,068) | $25,328,992 | $(13,859,832) |
Class K | ||||
Shares sold | 1,357,602 | 291,506 | $49,421,718 | $10,198,809 |
Reinvestment of distributions | 25,815 | 77,184 | 878,304 | 2,681,317 |
Shares redeemed | (160,797) | (1,535,242) | (5,753,347) | (51,792,734) |
Net increase (decrease) | 1,222,620 | (1,166,552) | $44,546,675 | $(38,912,608) |
A special meeting of shareholders was held on July 16, 2024. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To elect a Board of Trustees. | ||
# of Votes | % of Votes | |
Bettina Doulton | ||
Affirmative | 65,110,731,692.91 | 94.24 |
Withheld | 3,977,061,305.33 | 5.76 |
TOTAL | 69,087,792,998.24 | 100.00 |
Robert A. Lawrence | ||
Affirmative | 64,862,479,525.74 | 93.88 |
Withheld | 4,225,313,472.50 | 6.12 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vijay C. Advani | ||
Affirmative | 64,817,783,404.76 | 93.82 |
Withheld | 4,270,009,593.49 | 6.18 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas P. Bostick | ||
Affirmative | 64,886,989,933.75 | 93.92 |
Withheld | 4,200,803,064.49 | 6.08 |
TOTAL | 69,087,792,998.24 | 100.00 |
Donald F. Donahue | ||
Affirmative | 64,848,204,109.00 | 93.86 |
Withheld | 4,239,588,889.24 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vicki L. Fuller | ||
Affirmative | 64,995,466,255.60 | 94.08 |
Withheld | 4,092,326,742.65 | 5.92 |
TOTAL | 69,087,792,998.24 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 65,085,124,704.84 | 94.21 |
Withheld | 4,002,668,293.40 | 5.79 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas A. Kennedy | ||
Affirmative | 64,964,358,187.70 | 94.03 |
Withheld | 4,123,434,810.54 | 5.97 |
TOTAL | 69,087,792,998.24 | 100.00 |
Oscar Munoz | ||
Affirmative | 64,740,772,159.72 | 93.71 |
Withheld | 4,347,020,838.53 | 6.29 |
TOTAL | 69,087,792,998.24 | 100.00 |
Karen B. Peetz | ||
Affirmative | 64,944,559,251.25 | 94.00 |
Withheld | 4,143,233,746.99 | 6.00 |
TOTAL | 69,087,792,998.24 | 100.00 |
David M. Thomas | ||
Affirmative | 64,792,568,989.40 | 93.78 |
Withheld | 4,295,224,008.84 | 6.22 |
TOTAL | 69,087,792,998.24 | 100.00 |
Susan Tomasky | ||
Affirmative | 64,843,909,948.98 | 93.86 |
Withheld | 4,243,883,049.26 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Michael E. Wiley | ||
Affirmative | 64,839,438,084.90 | 93.85 |
Withheld | 4,248,354,913.34 | 6.15 |
TOTAL | 69,087,792,998.24 | 100.00 |
Proposal 1 reflects trust-wide proposal and voting results. |
Contents
Common Stocks - 98.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.0% | |||
Entertainment - 2.3% | |||
The Walt Disney Co. | 41,166 | 3,856,843 | |
Media - 2.7% | |||
Comcast Corp. Class A | 112,358 | 4,637,015 | |
TOTAL COMMUNICATION SERVICES | 8,493,858 | ||
CONSUMER DISCRETIONARY - 4.6% | |||
Diversified Consumer Services - 1.8% | |||
H&R Block, Inc. | 54,755 | 3,172,505 | |
Household Durables - 0.3% | |||
Berkeley Group Holdings PLC | 7,500 | 489,618 | |
Specialty Retail - 2.2% | |||
Lowe's Companies, Inc. | 6,119 | 1,502,276 | |
Murphy U.S.A., Inc. | 1,123 | 567,025 | |
Ross Stores, Inc. | 11,458 | 1,641,129 | |
3,710,430 | |||
Textiles, Apparel & Luxury Goods - 0.3% | |||
Tapestry, Inc. | 11,829 | 474,225 | |
TOTAL CONSUMER DISCRETIONARY | 7,846,778 | ||
CONSUMER STAPLES - 10.3% | |||
Beverages - 3.6% | |||
Coca-Cola Europacific Partners PLC | 15,782 | 1,164,238 | |
Diageo PLC | 32,396 | 1,008,001 | |
Keurig Dr. Pepper, Inc. | 53,567 | 1,836,277 | |
The Coca-Cola Co. | 31,466 | 2,100,041 | |
6,108,557 | |||
Consumer Staples Distribution & Retail - 1.9% | |||
Alimentation Couche-Tard, Inc. (multi-vtg.) | 8,887 | 547,838 | |
BJ's Wholesale Club Holdings, Inc. (a) | 13,061 | 1,148,846 | |
U.S. Foods Holding Corp. (a) | 27,730 | 1,508,235 | |
3,204,919 | |||
Food Products - 1.3% | |||
Mondelez International, Inc. | 15,101 | 1,032,153 | |
Tyson Foods, Inc. Class A | 18,948 | 1,153,933 | |
2,186,086 | |||
Household Products - 1.1% | |||
Procter & Gamble Co. | 10,990 | 1,766,752 | |
Personal Care Products - 2.4% | |||
Haleon PLC | 307,039 | 1,377,194 | |
Kenvue, Inc. | 149,614 | 2,766,363 | |
4,143,557 | |||
TOTAL CONSUMER STAPLES | 17,409,871 | ||
ENERGY - 8.8% | |||
Oil, Gas & Consumable Fuels - 8.8% | |||
Antero Resources Corp. (a) | 30,078 | 872,864 | |
Equinor ASA sponsored ADR | 44,737 | 1,188,215 | |
Exxon Mobil Corp. | 62,078 | 7,361,825 | |
Occidental Petroleum Corp. | 17,956 | 1,092,084 | |
Ovintiv, Inc. | 21,300 | 989,172 | |
Parex Resources, Inc. | 78,595 | 1,178,939 | |
Parkland Corp. | 8,800 | 246,858 | |
Shell PLC ADR | 27,878 | 2,041,227 | |
14,971,184 | |||
FINANCIALS - 24.5% | |||
Banks - 12.3% | |||
Bank of America Corp. | 121,243 | 4,887,305 | |
Cullen/Frost Bankers, Inc. | 4,026 | 471,284 | |
JPMorgan Chase & Co. | 31,140 | 6,626,592 | |
M&T Bank Corp. | 8,776 | 1,510,964 | |
PNC Financial Services Group, Inc. | 12,388 | 2,243,467 | |
U.S. Bancorp | 29,686 | 1,332,308 | |
Wells Fargo & Co. | 64,827 | 3,846,834 | |
20,918,754 | |||
Capital Markets - 2.6% | |||
BlackRock, Inc. | 3,204 | 2,808,306 | |
Northern Trust Corp. | 18,124 | 1,606,693 | |
4,414,999 | |||
Financial Services - 3.0% | |||
Apollo Global Management, Inc. | 9,667 | 1,211,372 | |
Berkshire Hathaway, Inc. Class B (a) | 8,818 | 3,866,693 | |
5,078,065 | |||
Insurance - 6.6% | |||
Chubb Ltd. | 18,164 | 5,007,088 | |
The Travelers Companies, Inc. | 19,841 | 4,294,386 | |
Willis Towers Watson PLC | 6,739 | 1,902,285 | |
11,203,759 | |||
TOTAL FINANCIALS | 41,615,577 | ||
HEALTH CARE - 17.0% | |||
Health Care Providers & Services - 10.2% | |||
Centene Corp. (a) | 45,829 | 3,525,167 | |
Cigna Group | 13,212 | 4,606,628 | |
CVS Health Corp. | 33,574 | 2,025,519 | |
Elevance Health, Inc. | 4,354 | 2,316,459 | |
UnitedHealth Group, Inc. | 8,416 | 4,848,963 | |
17,322,736 | |||
Pharmaceuticals - 6.8% | |||
AstraZeneca PLC sponsored ADR | 39,799 | 3,150,091 | |
Bristol-Myers Squibb Co. | 54,848 | 2,608,571 | |
Johnson & Johnson | 17,193 | 2,713,915 | |
Roche Holding AG (participation certificate) | 4,051 | 1,311,550 | |
Sanofi SA sponsored ADR | 33,119 | 1,715,895 | |
11,500,022 | |||
TOTAL HEALTH CARE | 28,822,758 | ||
INDUSTRIALS - 12.0% | |||
Aerospace & Defense - 3.5% | |||
Airbus Group NV | 6,244 | 944,884 | |
L3Harris Technologies, Inc. | 3,732 | 846,753 | |
Lockheed Martin Corp. | 3,169 | 1,717,344 | |
Northrop Grumman Corp. | 3,907 | 1,892,238 | |
The Boeing Co. (a) | 2,415 | 460,299 | |
5,861,518 | |||
Air Freight & Logistics - 1.5% | |||
C.H. Robinson Worldwide, Inc. | 2,700 | 240,435 | |
DHL Group | 19,262 | 859,192 | |
FedEx Corp. | 4,763 | 1,439,617 | |
2,539,244 | |||
Building Products - 0.6% | |||
Johnson Controls International PLC | 14,869 | 1,063,728 | |
Electrical Equipment - 0.9% | |||
GE Vernova LLC | 1,900 | 338,656 | |
Regal Rexnord Corp. | 6,229 | 1,000,876 | |
Vestas Wind Systems A/S (a) | 10,100 | 249,945 | |
1,589,477 | |||
Industrial Conglomerates - 1.4% | |||
Siemens AG | 13,027 | 2,385,206 | |
Machinery - 3.0% | |||
Allison Transmission Holdings, Inc. | 3,000 | 265,770 | |
Cummins, Inc. | 1,439 | 419,900 | |
Deere & Co. | 7,283 | 2,709,130 | |
Oshkosh Corp. | 1,803 | 195,896 | |
Pentair PLC | 16,572 | 1,456,182 | |
5,046,878 | |||
Professional Services - 1.1% | |||
Genpact Ltd. | 19,700 | 682,999 | |
Maximus, Inc. | 12,702 | 1,179,889 | |
1,862,888 | |||
TOTAL INDUSTRIALS | 20,348,939 | ||
INFORMATION TECHNOLOGY - 6.2% | |||
Communications Equipment - 2.0% | |||
Cisco Systems, Inc. | 70,541 | 3,417,711 | |
IT Services - 2.6% | |||
Amdocs Ltd. | 25,419 | 2,223,400 | |
Capgemini SA | 6,450 | 1,280,476 | |
Cognizant Technology Solutions Corp. Class A | 11,296 | 854,881 | |
4,358,757 | |||
Software - 1.6% | |||
Gen Digital, Inc. | 85,179 | 2,213,802 | |
Open Text Corp. | 14,988 | 472,572 | |
2,686,374 | |||
TOTAL INFORMATION TECHNOLOGY | 10,462,842 | ||
MATERIALS - 2.2% | |||
Chemicals - 1.5% | |||
CF Industries Holdings, Inc. | 18,020 | 1,376,548 | |
Nutrien Ltd. | 23,918 | 1,224,602 | |
2,601,150 | |||
Containers & Packaging - 0.7% | |||
Crown Holdings, Inc. | 13,016 | 1,154,519 | |
TOTAL MATERIALS | 3,755,669 | ||
REAL ESTATE - 1.1% | |||
Equity Real Estate Investment Trusts (REITs) - 1.1% | |||
Crown Castle, Inc. | 11,219 | 1,234,988 | |
Simon Property Group, Inc. | 4,247 | 651,660 | |
1,886,648 | |||
UTILITIES - 6.4% | |||
Electric Utilities - 4.4% | |||
Edison International | 27,595 | 2,207,876 | |
NextEra Energy, Inc. | 11,684 | 892,541 | |
PG&E Corp. | 207,848 | 3,793,226 | |
Southern Co. | 6,157 | 514,233 | |
7,407,876 | |||
Independent Power and Renewable Electricity Producers - 0.4% | |||
The AES Corp. | 42,948 | 764,045 | |
Multi-Utilities - 1.6% | |||
National Grid PLC | 129,746 | 1,646,241 | |
Sempra | 14,125 | 1,130,848 | |
2,777,089 | |||
TOTAL UTILITIES | 10,949,010 | ||
TOTAL COMMON STOCKS (Cost $124,141,067) | 166,563,134 | ||
Nonconvertible Preferred Stocks - 0.9% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.9% | |||
Technology Hardware, Storage & Peripherals - 0.9% | |||
Samsung Electronics Co. Ltd. (Cost $1,272,058) | 34,030 | 1,612,325 | |
Money Market Funds - 0.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (b) (Cost $833,835) | 833,668 | 833,835 | |
TOTAL INVESTMENT IN SECURITIES - 99.5% (Cost $126,246,960) | 169,009,294 |
NET OTHER ASSETS (LIABILITIES) - 0.5% | 840,267 |
NET ASSETS - 100.0% | 169,849,561 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 | 47,611,307 | 48,345,238 | 151,852 | 38 | - | 833,835 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 1,949,825 | 2,697,258 | 4,647,083 | 18,398 | - | - | - | 0.0% |
Total | 3,517,553 | 50,308,565 | 52,992,321 | 170,250 | 38 | - | 833,835 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 8,493,858 | 8,493,858 | - | - |
Consumer Discretionary | 7,846,778 | 7,357,160 | 489,618 | - |
Consumer Staples | 17,409,871 | 15,024,676 | 2,385,195 | - |
Energy | 14,971,184 | 14,971,184 | - | - |
Financials | 41,615,577 | 41,615,577 | - | - |
Health Care | 28,822,758 | 27,511,208 | 1,311,550 | - |
Industrials | 20,348,939 | 15,909,712 | 4,439,227 | - |
Information Technology | 12,075,167 | 10,794,691 | 1,280,476 | - |
Materials | 3,755,669 | 3,755,669 | - | - |
Real Estate | 1,886,648 | 1,886,648 | - | - |
Utilities | 10,949,010 | 9,302,769 | 1,646,241 | - |
Money Market Funds | 833,835 | 833,835 | - | - |
Total Investments in Securities: | 169,009,294 | 157,456,987 | 11,552,307 | - |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $125,413,125) | $ | 168,175,459 | ||
Fidelity Central Funds (cost $833,835) | 833,835 | |||
Total Investment in Securities (cost $126,246,960) | $ | 169,009,294 | ||
Foreign currency held at value (cost $92) | 92 | |||
Receivable for investments sold | 765,757 | |||
Receivable for fund shares sold | 31,617 | |||
Dividends receivable | 116,347 | |||
Reclaims receivable | 88,634 | |||
Distributions receivable from Fidelity Central Funds | 7,259 | |||
Other receivables | 303 | |||
Total assets | 170,019,303 | |||
Liabilities | ||||
Payable for investments purchased | $ | 86,690 | ||
Payable for fund shares redeemed | 10,310 | |||
Accrued management fee | 62,934 | |||
Proxy fee payable | 9,808 | |||
Total liabilities | 169,742 | |||
Net Assets | $ | 169,849,561 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 115,775,252 | ||
Total accumulated earnings (loss) | 54,074,309 | |||
Net Assets | $ | 169,849,561 | ||
Net Asset Value, offering price and redemption price per share ($169,849,561 ÷ 13,037,932 shares) | $ | 13.03 |
Statement of Operations | ||||
Year ended July 31, 2024 | ||||
Investment Income | ||||
Dividends | $ | 4,297,941 | ||
Income from Fidelity Central Funds (including $18,398 from security lending) | 170,250 | |||
Total income | 4,468,191 | |||
Expenses | ||||
Management fee | $ | 811,886 | ||
Independent trustees' fees and expenses | 905 | |||
Interest | 841 | |||
Miscellaneous | 9,808 | |||
Total expenses before reductions | 823,440 | |||
Expense reductions | (7,324) | |||
Total expenses after reductions | 816,116 | |||
Net Investment income (loss) | 3,652,075 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 10,074,308 | |||
Fidelity Central Funds | 38 | |||
Foreign currency transactions | (486) | |||
Total net realized gain (loss) | 10,073,860 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 3,147,595 | |||
Assets and liabilities in foreign currencies | (3,611) | |||
Total change in net unrealized appreciation (depreciation) | 3,143,984 | |||
Net gain (loss) | 13,217,844 | |||
Net increase (decrease) in net assets resulting from operations | $ | 16,869,919 |
Statement of Changes in Net Assets | ||||
Year ended July 31, 2024 | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,652,075 | $ | 3,106,287 |
Net realized gain (loss) | 10,073,860 | 4,336,755 | ||
Change in net unrealized appreciation (depreciation) | 3,143,984 | 8,108,400 | ||
Net increase (decrease) in net assets resulting from operations | 16,869,919 | 15,551,442 | ||
Distributions to shareholders | (8,769,141) | (13,940,304) | ||
Share transactions | ||||
Proceeds from sales of shares | 46,887,484 | 115,401,725 | ||
Reinvestment of distributions | 8,769,141 | 13,940,304 | ||
Cost of shares redeemed | (88,196,398) | (74,114,191) | ||
Net increase (decrease) in net assets resulting from share transactions | (32,539,773) | 55,227,838 | ||
Total increase (decrease) in net assets | (24,438,995) | 56,838,976 | ||
Net Assets | ||||
Beginning of period | 194,288,556 | 137,449,580 | ||
End of period | $ | 169,849,561 | $ | 194,288,556 |
Other Information | ||||
Shares | ||||
Sold | 3,867,561 | 10,110,184 | ||
Issued in reinvestment of distributions | 755,476 | 1,185,215 | ||
Redeemed | (7,255,231) | (6,205,102) | ||
Net increase (decrease) | (2,632,194) | 5,090,297 | ||
Fidelity® Value Discovery K6 Fund |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.40 | $ | 12.99 | $ | 14.22 | $ | 10.15 | $ | 10.94 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .24 | .21 | .21 | .19 | .23 C | |||||
Net realized and unrealized gain (loss) | .96 | .51 | (.12) | 4.09 | (.62) | |||||
Total from investment operations | 1.20 | .72 | .09 | 4.28 | (.39) | |||||
Distributions from net investment income | (.22) | (.17) | (.20) | (.21) | (.23) | |||||
Distributions from net realized gain | (.35) | (1.14) | (1.12) | - | (.17) | |||||
Total distributions | (.57) | (1.31) | (1.32) | (.21) | (.40) | |||||
Net asset value, end of period | $ | 13.03 | $ | 12.40 | $ | 12.99 | $ | 14.22 | $ | 10.15 |
Total Return D | 10.25 % | 6.14% | .60% | 42.84% | (3.80)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .46% | .45% | .45% | .45% | .45% | |||||
Expenses net of fee waivers, if any | .45 % | .45% | .45% | .45% | .45% | |||||
Expenses net of all reductions | .45% | .45% | .45% | .45% | .44% | |||||
Net investment income (loss) | 2.02% | 1.76% | 1.52% | 1.51% | 2.27% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 169,850 | $ | 194,289 | $ | 137,450 | $ | 180,575 | $ | 164,392 |
Portfolio turnover rate G | 29 % | 43% H | 37% H | 55% | 82% |
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 | $45,078,918 |
Gross unrealized depreciation | (2,618,375) |
Net unrealized appreciation (depreciation) | $42,460,543 |
Tax Cost | $126,548,751 |
Undistributed ordinary income | $2,584,246 |
Undistributed long-term capital gain | $9,028,024 |
Net unrealized appreciation (depreciation) on securities and other investments | $42,462,040 |
July 31, 2024 | July 31, 2023 | |
Ordinary Income | $4,167,818 | $ 2,061,356 |
Long-term Capital Gains | 4,601,323 | 11,878,948 |
Total | $8,769,141 | $ 13,940,304 |
Purchases ($) | Sales ($) | |
Fidelity Value Discovery K6 Fund | 52,429,798 | 86,326,037 |
Shares | Total Proceeds ($) | |
Fidelity Value Discovery K6 Fund | 2,730,382 | 30,615,682 |
Amount ($) | |
Fidelity Value Discovery K6 Fund | 896 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Value Discovery K6 Fund | Borrower | 5,437,000 | 5.57% | 841 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Value Discovery K6 Fund | 3,270,085 | 23,141,355 | 2,002,278 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Value Discovery K6 Fund | 1,602 | - | - |
Reimbursement ($) | |
Fidelity Value Discovery K6 Fund | 4,393 |
A special meeting of shareholders was held on July 16, 2024. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To elect a Board of Trustees. | ||
# of Votes | % of Votes | |
Bettina Doulton | ||
Affirmative | 65,110,731,692.91 | 94.24 |
Withheld | 3,977,061,305.33 | 5.76 |
TOTAL | 69,087,792,998.24 | 100.00 |
Robert A. Lawrence | ||
Affirmative | 64,862,479,525.74 | 93.88 |
Withheld | 4,225,313,472.50 | 6.12 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vijay C. Advani | ||
Affirmative | 64,817,783,404.76 | 93.82 |
Withheld | 4,270,009,593.49 | 6.18 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas P. Bostick | ||
Affirmative | 64,886,989,933.75 | 93.92 |
Withheld | 4,200,803,064.49 | 6.08 |
TOTAL | 69,087,792,998.24 | 100.00 |
Donald F. Donahue | ||
Affirmative | 64,848,204,109.00 | 93.86 |
Withheld | 4,239,588,889.24 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vicki L. Fuller | ||
Affirmative | 64,995,466,255.60 | 94.08 |
Withheld | 4,092,326,742.65 | 5.92 |
TOTAL | 69,087,792,998.24 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 65,085,124,704.84 | 94.21 |
Withheld | 4,002,668,293.40 | 5.79 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas A. Kennedy | ||
Affirmative | 64,964,358,187.70 | 94.03 |
Withheld | 4,123,434,810.54 | 5.97 |
TOTAL | 69,087,792,998.24 | 100.00 |
Oscar Munoz | ||
Affirmative | 64,740,772,159.72 | 93.71 |
Withheld | 4,347,020,838.53 | 6.29 |
TOTAL | 69,087,792,998.24 | 100.00 |
Karen B. Peetz | ||
Affirmative | 64,944,559,251.25 | 94.00 |
Withheld | 4,143,233,746.99 | 6.00 |
TOTAL | 69,087,792,998.24 | 100.00 |
David M. Thomas | ||
Affirmative | 64,792,568,989.40 | 93.78 |
Withheld | 4,295,224,008.84 | 6.22 |
TOTAL | 69,087,792,998.24 | 100.00 |
Susan Tomasky | ||
Affirmative | 64,843,909,948.98 | 93.86 |
Withheld | 4,243,883,049.26 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Michael E. Wiley | ||
Affirmative | 64,839,438,084.90 | 93.85 |
Withheld | 4,248,354,913.34 | 6.15 |
TOTAL | 69,087,792,998.24 | 100.00 |
Proposal 1 reflects trust-wide proposal and voting results. |
Contents
Common Stocks - 98.8% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 1.1% | |||
Diversified Telecommunication Services - 0.1% | |||
AT&T, Inc. | 349,534 | 6,729 | |
Liberty Latin America Ltd. Class C (a) | 1,725,887 | 18,294 | |
25,023 | |||
Entertainment - 0.1% | |||
GungHo Online Entertainment, Inc. | 485,276 | 9,485 | |
International Games Systems Co. Ltd. | 630,706 | 14,493 | |
23,978 | |||
Interactive Media & Services - 0.3% | |||
Cars.com, Inc. (a) | 3,051,927 | 62,931 | |
JOYY, Inc. ADR | 194,439 | 6,473 | |
New Work SE | 26,819 | 1,916 | |
71,320 | |||
Media - 0.6% | |||
Comcast Corp. Class A | 1,873,283 | 77,310 | |
Nexstar Media Group, Inc. | 131,955 | 24,384 | |
Pico Far East Holdings Ltd. | 21,864,920 | 4,814 | |
Reach PLC | 5,348,709 | 7,261 | |
RKB Mainichi Broadcasting Corp. | 34,419 | 1,146 | |
Thryv Holdings, Inc. (a) | 434,430 | 8,463 | |
Trenders, Inc. (b) | 145,669 | 975 | |
WPP PLC | 5,763,562 | 55,596 | |
179,949 | |||
TOTAL COMMUNICATION SERVICES | 300,270 | ||
CONSUMER DISCRETIONARY - 14.5% | |||
Automobile Components - 2.0% | |||
Adient PLC (a) | 4,151,983 | 106,955 | |
Amotiv Ltd. | 96,688 | 684 | |
Aptiv PLC (a) | 606,980 | 42,118 | |
Autoliv, Inc. | 557,536 | 56,389 | |
Brembo N.V. | 1,080,064 | 12,117 | |
Cie Automotive SA | 1,330,035 | 38,865 | |
DaikyoNishikawa Corp. | 485,264 | 2,268 | |
LCI Industries (b) | 1,157,207 | 135,034 | |
Lear Corp. | 757,875 | 92,491 | |
Motonic Corp. | 1,278,553 | 8,046 | |
Patrick Industries, Inc. | 247,756 | 31,728 | |
PT Selamat Sempurna Tbk | 54,562,800 | 6,913 | |
SNT Holdings Co. Ltd. (c) | 885,108 | 15,120 | |
Yutaka Giken Co. Ltd. | 237,321 | 3,390 | |
552,118 | |||
Automobiles - 0.8% | |||
General Motors Co. | 1,641,965 | 72,772 | |
Harley-Davidson, Inc. | 2,456,367 | 92,114 | |
Isuzu Motors Ltd. | 1,185,029 | 16,030 | |
Kabe Husvagnar AB (B Shares) | 239,361 | 8,225 | |
Mercedes-Benz Group AG (Germany) | 227,344 | 15,028 | |
Stellantis NV (b) | 907,994 | 15,154 | |
219,323 | |||
Broadline Retail - 1.5% | |||
ASKUL Corp. | 2,891,000 | 41,086 | |
B&M European Value Retail SA | 8,395,122 | 50,519 | |
eBay, Inc. | 677,305 | 37,665 | |
Europris ASA (d) | 2,532,297 | 15,121 | |
Gwangju Shinsegae Co. Ltd. | 239,200 | 5,117 | |
Kohl's Corp. (b) | 2,724,333 | 59,009 | |
Macy's, Inc. | 1,148,774 | 19,851 | |
Max Stock Ltd. | 1,337,167 | 3,062 | |
Next PLC | 1,383,892 | 161,432 | |
Rusta AB | 3,064,278 | 21,246 | |
Vipshop Holdings Ltd. ADR | 971,397 | 13,250 | |
427,358 | |||
Distributors - 0.5% | |||
Arata Corp. | 1,162,639 | 27,901 | |
Autohellas SA | 181,173 | 2,325 | |
Central Automotive Products Ltd. | 296,972 | 9,882 | |
Inchcape PLC | 6,486,180 | 70,292 | |
PALTAC Corp. | 1,167,483 | 36,107 | |
146,507 | |||
Diversified Consumer Services - 0.5% | |||
Aucnet, Inc. | 205,678 | 3,323 | |
Cross-Harbour Holdings Ltd. | 2,065,292 | 1,903 | |
Frontdoor, Inc. (a) | 486,262 | 19,188 | |
Gakkyusha Co. Ltd. | 186,675 | 2,647 | |
H&R Block, Inc. | 1,041,800 | 60,362 | |
JP-Holdings, Inc. | 850,171 | 3,468 | |
Laureate Education, Inc. | 1,611,210 | 24,974 | |
ME Group International PLC | 7,163,859 | 17,793 | |
133,658 | |||
Hotels, Restaurants & Leisure - 0.4% | |||
Betsson AB (B Shares) | 3,012,439 | 35,848 | |
Hollywood Bowl Group PLC | 3,476,916 | 14,862 | |
Ibersol SGPS SA | 1,162,856 | 8,784 | |
J.D. Wetherspoon PLC (a) | 1,546,603 | 14,842 | |
MTY Food Group, Inc. | 843,656 | 27,840 | |
102,176 | |||
Household Durables - 3.1% | |||
Ace Bed Co. Ltd. | 23,039 | 438 | |
Barratt Developments PLC | 18,471,525 | 125,047 | |
Bellway PLC | 3,668,633 | 135,167 | |
Chervon Holdings Ltd. | 12,049,362 | 27,575 | |
Cuckoo Holdings Co. Ltd. | 508,128 | 8,198 | |
D.R. Horton, Inc. | 236,933 | 42,631 | |
Emak SpA | 3,104,322 | 3,407 | |
First Juken Co. Ltd. (b)(c) | 1,311,262 | 9,585 | |
FJ Next Co. Ltd. | 1,165,083 | 10,328 | |
Gree Electric Appliances, Inc. of Zhuhai (A Shares) | 8,158,037 | 45,221 | |
Helen of Troy Ltd. (a)(c) | 1,397,445 | 82,603 | |
JM AB (B Shares) | 1,432,379 | 27,847 | |
Open House Group Co. Ltd. | 533,832 | 19,100 | |
Pressance Corp. | 2,458,444 | 33,593 | |
Tempur Sealy International, Inc. | 1,504,011 | 78,735 | |
Token Corp. | 233,107 | 18,486 | |
TopBuild Corp. (a) | 108,374 | 51,861 | |
Vistry Group PLC (a) | 8,077,472 | 143,714 | |
ZAGG, Inc. rights (a)(e) | 448,847 | 0 | |
863,536 | |||
Leisure Products - 0.3% | |||
BRP, Inc. | 454,424 | 32,924 | |
Brunswick Corp. | 664,763 | 54,145 | |
Roland Corp. | 278,245 | 7,262 | |
94,331 | |||
Specialty Retail - 3.2% | |||
Academy Sports & Outdoors, Inc. | 1,553,325 | 83,988 | |
Advance Auto Parts, Inc. (b) | 739,362 | 46,824 | |
Arcland Sakamoto Co. Ltd. | 1,092,422 | 13,272 | |
AutoZone, Inc. (a) | 19,312 | 60,518 | |
BHG Group AB (a) | 4,282,075 | 6,314 | |
BMTC Group, Inc. (c) | 3,170,918 | 30,064 | |
Dick's Sporting Goods, Inc. | 441,308 | 95,477 | |
Dunelm Group PLC | 795,458 | 12,609 | |
Formosa Optical Technology Co. Ltd. | 1,002,000 | 2,937 | |
Fuji Corp. | 487,670 | 6,882 | |
Goldlion Holdings Ltd. | 22,261,555 | 2,821 | |
Hallenstein Glassons Holding Ltd. | 522,509 | 1,841 | |
Hamee Corp. | 607,355 | 4,622 | |
Handsman Co. Ltd. | 137,858 | 757 | |
IA Group Corp. | 73,787 | 1,749 | |
JD Sports Fashion PLC | 50,811,311 | 85,962 | |
Jumbo SA (c) | 6,907,972 | 185,110 | |
K's Holdings Corp. | 543,924 | 5,887 | |
Kid ASA (d) | 50,374 | 608 | |
Leon's Furniture Ltd. | 300,934 | 5,972 | |
Maisons du Monde SA (d) | 828,446 | 3,290 | |
Mr. Bricolage SA (a) | 805,944 | 6,978 | |
Nafco Co. Ltd. (c) | 1,816,936 | 36,386 | |
Pets At Home Group PLC | 8,747,384 | 34,500 | |
Sally Beauty Holdings, Inc. (a)(b)(c) | 7,860,779 | 90,006 | |
Sportsman's Warehouse Holdings, Inc. (a)(c) | 2,773,381 | 7,072 | |
Syuppin Co. Ltd. | 291,605 | 2,838 | |
The Hour Glass Ltd. | 1,809,401 | 2,139 | |
Valvoline, Inc. (a) | 9,800 | 456 | |
WH Smith PLC | 1,915,078 | 32,497 | |
Williams-Sonoma, Inc. | 116,603 | 18,036 | |
888,412 | |||
Textiles, Apparel & Luxury Goods - 2.2% | |||
Best Pacific International Holdings Ltd. | 33,968,317 | 9,869 | |
Crocs, Inc. (a) | 47,126 | 6,332 | |
Deckers Outdoor Corp. (a) | 3,844 | 3,547 | |
Dr. Martens Ltd. | 12,280,659 | 11,209 | |
Embry Holdings Ltd. (a) | 2,009,583 | 78 | |
Gildan Activewear, Inc. | 2,935,563 | 119,536 | |
Handsome Co. Ltd. (c) | 1,400,000 | 17,845 | |
Kontoor Brands, Inc. (b) | 1,074,283 | 75,361 | |
Levi Strauss & Co. Class A | 3,499,282 | 64,142 | |
Oxford Industries, Inc. (b) | 353,101 | 37,192 | |
PVH Corp. | 812,315 | 82,848 | |
Sun Hing Vision Group Holdings Ltd. (c) | 17,186,619 | 1,386 | |
Texwinca Holdings Ltd. | 33,072,664 | 3,979 | |
VF Corp. (b) | 3,771,769 | 63,969 | |
Victory City International Holdings Ltd. (a)(e) | 8,385,171 | 311 | |
Wolverine World Wide, Inc. (c) | 5,501,360 | 81,805 | |
Youngone Corp. | 250,000 | 7,091 | |
Youngone Holdings Co. Ltd. (c) | 752,000 | 44,523 | |
631,023 | |||
TOTAL CONSUMER DISCRETIONARY | 4,058,442 | ||
CONSUMER STAPLES - 6.9% | |||
Beverages - 0.8% | |||
A.G. Barr PLC | 1,925,282 | 15,939 | |
Britvic PLC | 2,433,512 | 39,699 | |
Primo Water Corp. | 6,724,374 | 147,466 | |
Viva Wine Group AB | 2,559,500 | 11,018 | |
214,122 | |||
Consumer Staples Distribution & Retail - 4.5% | |||
Acomo NV | 134,025 | 2,504 | |
Alimentation Couche-Tard, Inc. (multi-vtg.) | 2,456,126 | 151,408 | |
Atacadao SA | 12,486,900 | 20,443 | |
Belc Co. Ltd. (c) | 1,045,729 | 43,838 | |
BJ's Wholesale Club Holdings, Inc. (a) | 928,376 | 81,660 | |
Corporativo Fragua S.A.B. de CV (b) | 262,989 | 13,890 | |
Cosmos Pharmaceutical Corp. | 912,350 | 81,701 | |
Create SD Holdings Co. Ltd. | 3,075,698 | 69,191 | |
Eurocash SA (a) | 2,382,800 | 7,034 | |
G-7 Holdings, Inc. | 1,213,539 | 13,755 | |
Genky DrugStores Co. Ltd. (c) | 1,941,092 | 44,638 | |
Halows Co. Ltd. (c) | 1,432,241 | 43,836 | |
MARR SpA | 113,187 | 1,411 | |
Metro, Inc. | 7,063,619 | 420,650 | |
North West Co., Inc. | 72,968 | 2,363 | |
Performance Food Group Co. (a) | 711,934 | 49,123 | |
Sprouts Farmers Market LLC (a) | 1,555,767 | 155,406 | |
YAKUODO Holdings Co. Ltd. | 151,997 | 2,876 | |
Yaoko Co. Ltd. | 703,623 | 43,076 | |
1,248,803 | |||
Food Products - 1.2% | |||
Armanino Foods of Distinction | 1,324,051 | 7,355 | |
Axyz Co. Ltd. | 21,132 | 415 | |
Carr's Group PLC (b)(c) | 5,848,641 | 10,526 | |
Century Pacific Food, Inc. | 17,919,244 | 10,598 | |
Delfi Ltd. | 2,940,556 | 1,848 | |
Food Empire Holdings Ltd. | 16,204,267 | 12,244 | |
Gruma S.A.B. de CV Series B | 467,239 | 8,735 | |
Inghams Group Ltd. | 5,339,801 | 13,165 | |
Ingredion, Inc. | 42,334 | 5,265 | |
Lamb Weston Holdings, Inc. | 1,967,019 | 118,060 | |
Nomad Foods Ltd. | 2,492,778 | 47,637 | |
Ottogi Corp. | 77,998 | 24,827 | |
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. | 346,165 | 2,618 | |
Rocky Mountain Chocolate Factory, Inc. (a)(c) | 440,020 | 832 | |
S Foods, Inc. | 781,332 | 15,637 | |
Sunjin Co. Ltd. (c) | 1,747,572 | 8,765 | |
Sunjuice Holdings Co. Ltd. | 240,000 | 1,311 | |
Tate & Lyle PLC | 6,787,722 | 57,373 | |
347,213 | |||
Household Products - 0.0% | |||
Transaction Co. Ltd. | 387,305 | 4,654 | |
Personal Care Products - 0.3% | |||
Edgewell Personal Care Co. | 132,079 | 5,171 | |
Hengan International Group Co. Ltd. | 9,464,091 | 29,557 | |
Sarantis SA (c) | 3,695,983 | 43,920 | |
TCI Co. Ltd. | 400,000 | 1,754 | |
80,402 | |||
Tobacco - 0.1% | |||
KT&G Corp. | 453,780 | 30,908 | |
Scandinavian Tobacco Group A/S (d) | 851,978 | 12,479 | |
43,387 | |||
TOTAL CONSUMER STAPLES | 1,938,581 | ||
ENERGY - 8.3% | |||
Energy Equipment & Services - 0.6% | |||
Cactus, Inc. | 1,308,572 | 82,597 | |
John Wood Group PLC (a) | 17,343,676 | 45,484 | |
PHX Energy Services Corp. | 1,164,995 | 8,919 | |
Total Energy Services, Inc. | 1,670,028 | 11,854 | |
Vallourec SA (a) | 343,821 | 5,574 | |
154,428 | |||
Oil, Gas & Consumable Fuels - 7.7% | |||
Antero Resources Corp. (a) | 4,497,517 | 130,518 | |
Cenovus Energy, Inc. (Canada) | 9,721,462 | 195,887 | |
China Petroleum & Chemical Corp. (H Shares) | 83,927,677 | 53,926 | |
Chord Energy Corp. | 1,510,604 | 259,310 | |
Civitas Resources, Inc. | 1,829,443 | 127,622 | |
CNX Resources Corp. (a)(b) | 1,552,823 | 41,103 | |
Diamondback Energy, Inc. | 479,012 | 96,909 | |
Energy Transfer LP | 634,200 | 10,318 | |
Enterprise Products Partners LP | 1,595,455 | 46,045 | |
INPEX Corp. | 195,923 | 3,025 | |
Iwatani Corp. | 95,779 | 6,126 | |
Mi Chang Oil Industrial Co. Ltd. (c) | 173,900 | 10,855 | |
NACCO Industries, Inc. Class A | 97,258 | 2,928 | |
Northern Oil & Gas, Inc. | 2,331,434 | 100,695 | |
Oil & Natural Gas Corp. Ltd. | 7,185,193 | 28,680 | |
Oil India Ltd. | 6,627,350 | 45,715 | |
Ovintiv, Inc. | 5,653,090 | 262,529 | |
Parkland Corp. | 2,128,076 | 59,697 | |
Petronet LNG Ltd. | 11,956,200 | 52,621 | |
Range Resources Corp. | 4,789,852 | 149,587 | |
Scorpio Tankers, Inc. | 73,300 | 5,621 | |
Shell PLC (London) | 816,029 | 29,756 | |
Southwestern Energy Co. (a) | 13,688,598 | 88,291 | |
TotalEnergies SE sponsored ADR (b) | 5,095,633 | 345,382 | |
Unit Corp. | 157,203 | 5,645 | |
2,158,791 | |||
TOTAL ENERGY | 2,313,219 | ||
FINANCIALS - 17.8% | |||
Banks - 7.2% | |||
ACNB Corp. | 334,984 | 13,895 | |
AIB Group PLC | 7,349,320 | 42,155 | |
Associated Banc-Corp. | 4,641,951 | 106,672 | |
Bank of Ireland Group PLC | 3,306,373 | 37,483 | |
Bankinter SA | 639,011 | 5,455 | |
Bar Harbor Bankshares | 653,188 | 20,876 | |
Cadence Bank | 4,075,198 | 133,952 | |
Camden National Corp. | 330,249 | 13,765 | |
Central Pacific Financial Corp. | 126,783 | 3,308 | |
Citigroup, Inc. | 948,997 | 61,571 | |
Community Trust Bancorp, Inc. | 68,072 | 3,453 | |
East West Bancorp, Inc. | 821,942 | 72,240 | |
Eurobank Ergasias Services and Holdings SA | 12,727,202 | 29,173 | |
First Bancorp, Puerto Rico | 2,605,007 | 55,877 | |
First Foundation, Inc. | 24,016 | 168 | |
FNB Corp., Pennsylvania | 6,198,836 | 95,090 | |
Greene County Bancorp, Inc. | 207,712 | 7,530 | |
Intercorp Financial Services, Inc. | 608,877 | 13,858 | |
KeyCorp | 4,862,559 | 78,433 | |
National Bank of Greece SA | 2,982,956 | 26,182 | |
Nicolet Bankshares, Inc. | 195,561 | 19,666 | |
Oak Valley Bancorp Oakdale California | 115,868 | 3,299 | |
OFG Bancorp | 98,957 | 4,495 | |
Plumas Bancorp | 194,156 | 8,401 | |
QCR Holdings, Inc. | 588,123 | 44,956 | |
Southern Missouri Bancorp, Inc. | 216,010 | 12,356 | |
Spar Nord Bank A/S | 477,280 | 9,732 | |
Sparebank 1 Oestlandet | 2,006,928 | 27,676 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) | 1,101,985 | 14,160 | |
Sparebanken Nord-Norge | 2,381,231 | 23,549 | |
Synovus Financial Corp. | 3,284,069 | 153,530 | |
The First Bancorp, Inc. | 167,474 | 4,714 | |
U.S. Bancorp | 2,112,189 | 94,795 | |
Union Bankshares, Inc. | 124,607 | 3,015 | |
United Community Bank, Inc. | 3,278,240 | 101,462 | |
Unity Bancorp, Inc. | 59,207 | 2,050 | |
Washington Trust Bancorp, Inc. | 650,198 | 20,813 | |
Webster Financial Corp. | 1,369,857 | 67,972 | |
Wells Fargo & Co. | 7,952,440 | 471,898 | |
West Bancorp., Inc. | 616,334 | 12,783 | |
Wintrust Financial Corp. | 909,013 | 98,355 | |
2,020,813 | |||
Capital Markets - 2.7% | |||
ABG Sundal Collier ASA | 5,558,202 | 3,352 | |
Antin Infrastructure Partners SA | 1,172,243 | 15,884 | |
Azimut Holding SpA | 116,559 | 2,922 | |
Banca Generali SpA | 383,996 | 16,706 | |
Bank of New York Mellon Corp. | 106,853 | 6,953 | |
DWS Group GmbH & Co. KGaA (d) | 149,471 | 5,662 | |
Federated Hermes, Inc. | 2,517,768 | 86,435 | |
Korea Ratings Corp. | 88,600 | 5,608 | |
Lazard, Inc. Class A | 2,596,063 | 127,648 | |
LPL Financial | 241,685 | 53,538 | |
Patria Investments Ltd. | 238,122 | 3,098 | |
Rathbone Brothers PLC | 2,739,759 | 67,765 | |
Raymond James Financial, Inc. | 1,588,836 | 184,305 | |
SEI Investments Co. | 1,063 | 72 | |
Stifel Financial Corp. | 1,193,945 | 105,867 | |
Van Lanschot Kempen NV (Bearer) | 994,665 | 43,005 | |
Vontobel Holdings AG | 217,370 | 14,264 | |
743,084 | |||
Consumer Finance - 0.9% | |||
Aeon Credit Service (Asia) Co. Ltd. | 13,728,904 | 10,016 | |
Discover Financial Services | 1,156,545 | 166,531 | |
OneMain Holdings, Inc. | 1,200,343 | 62,730 | |
239,277 | |||
Financial Services - 1.9% | |||
ASAX Co. Ltd. | 106,640 | 548 | |
Corpay, Inc. (a) | 601,456 | 175,517 | |
Enact Holdings, Inc. | 209,461 | 7,128 | |
Essent Group Ltd. | 1,655,289 | 104,018 | |
EVERTEC, Inc. | 2,536,885 | 87,446 | |
Far East Horizon Ltd. | 3,299,167 | 2,251 | |
Federal Agricultural Mortgage Corp.: | |||
Class A (multi-vtg.) (b) | 4,787 | 788 | |
Class C (non-vtg.) | 317,183 | 65,409 | |
Fuyo General Lease Co. Ltd. | 126,256 | 10,400 | |
Nice Information & Telecom, Inc. | 433,187 | 6,404 | |
Tokyo Century Corp. | 586,622 | 6,320 | |
Zenkoku Hosho Co. Ltd. | 1,508,596 | 62,729 | |
528,958 | |||
Insurance - 5.1% | |||
American Financial Group, Inc. | 732,907 | 95,982 | |
ASR Nederland NV | 1,844,600 | 92,569 | |
Aub Group Ltd. | 237,977 | 5,024 | |
Db Insurance Co. Ltd. | 180,247 | 14,540 | |
Direct Line Insurance Group PLC | 50,938,186 | 123,437 | |
First American Financial Corp. | 713,879 | 43,247 | |
Grupo Catalana Occidente SA | 393,249 | 17,024 | |
Hartford Financial Services Group, Inc. | 580,394 | 64,377 | |
Hiscox Ltd. | 296,151 | 4,839 | |
NN Group NV | 1,072,390 | 53,782 | |
Primerica, Inc. | 418,253 | 105,304 | |
Qualitas Controladora S.A.B. de CV | 806,572 | 7,435 | |
Reinsurance Group of America, Inc. | 1,343,206 | 302,799 | |
Selective Insurance Group, Inc. | 1,391,155 | 125,649 | |
Stewart Information Services Corp. | 525,547 | 37,156 | |
Talanx AG | 230,351 | 17,513 | |
The Travelers Companies, Inc. | 23,621 | 5,113 | |
Unum Group | 5,599,947 | 322,165 | |
1,437,955 | |||
TOTAL FINANCIALS | 4,970,087 | ||
HEALTH CARE - 11.3% | |||
Biotechnology - 0.4% | |||
Essex Bio-Technology Ltd. | 9,996,376 | 3,186 | |
Gilead Sciences, Inc. | 1,313,736 | 99,923 | |
Regeneron Pharmaceuticals, Inc. (a) | 5,422 | 5,851 | |
United Therapeutics Corp. (a) | 18,641 | 5,840 | |
114,800 | |||
Health Care Equipment & Supplies - 0.8% | |||
Dentsply Sirona, Inc. (b) | 2,823,305 | 76,624 | |
Embecta Corp. | 1,692,880 | 26,527 | |
Fukuda Denshi Co. Ltd. | 1,414,734 | 63,935 | |
InBody Co. Ltd. (c) | 741,922 | 13,053 | |
Interojo Co. Ltd. (e) | 120,700 | 2,194 | |
Nakanishi, Inc. | 384,075 | 6,676 | |
Prim SA (c) | 1,320,699 | 15,508 | |
Techno Medica Co. Ltd. | 36,496 | 437 | |
Utah Medical Products, Inc. | 153,386 | 10,676 | |
Value Added Technology Co. Ltd. | 436,553 | 8,191 | |
Vieworks Co. Ltd. | 394,258 | 7,599 | |
Zimmer Biomet Holdings, Inc. | 29,362 | 3,269 | |
234,689 | |||
Health Care Providers & Services - 8.4% | |||
Centene Corp. (a) | 2,744,685 | 211,121 | |
Ci Medical Co. Ltd. | 481,567 | 3,182 | |
Cigna Group | 870,958 | 303,677 | |
CVS Health Corp. | 2,015,594 | 121,601 | |
Elevance Health, Inc. | 651,416 | 346,573 | |
Henry Schein, Inc. (a) | 1,097,859 | 78,980 | |
Hi-Clearance, Inc. | 1,660,459 | 7,062 | |
Humana, Inc. | 361,944 | 130,883 | |
Labcorp Holdings, Inc. | 608,686 | 131,135 | |
Medica Sur SA de CV | 1,108,961 | 2,135 | |
Quest Diagnostics, Inc. | 396,382 | 56,405 | |
Select Medical Holdings Corp. (b) | 120,646 | 4,797 | |
Ship Healthcare Holdings, Inc. | 1,788,395 | 27,458 | |
Sinopharm Group Co. Ltd. (H Shares) | 41,999,920 | 98,699 | |
UnitedHealth Group, Inc. | 837,650 | 482,610 | |
Universal Health Services, Inc. Class B | 1,426,016 | 304,825 | |
WIN-Partners Co. Ltd. (c) | 2,045,959 | 16,853 | |
2,327,996 | |||
Health Care Technology - 0.0% | |||
Software Service, Inc. | 48,506 | 4,543 | |
Life Sciences Tools & Services - 0.6% | |||
ICON PLC (a) | 513,133 | 168,533 | |
Pharmaceuticals - 1.1% | |||
China Medical System Holdings Ltd. | 9,705,496 | 8,050 | |
Consun Pharmaceutical Group Ltd. | 3,882,339 | 2,783 | |
Daewon Pharmaceutical Co. Ltd. (c) | 2,142,922 | 24,874 | |
Dai Han Pharmaceutical Co. Ltd. | 297,037 | 6,115 | |
Dawnrays Pharmaceutical Holdings Ltd. | 63,023,210 | 9,196 | |
DongKook Pharmaceutical Co. Ltd. | 1,306,379 | 16,823 | |
Faes Farma SA | 2,981,834 | 11,440 | |
Genomma Lab Internacional SA de CV | 2,354,038 | 2,431 | |
Granules India Ltd. | 591,564 | 4,452 | |
Huons Co. Ltd. (c) | 853,834 | 20,352 | |
Hypera SA (a) | 5,647,800 | 28,757 | |
Jazz Pharmaceuticals PLC (a) | 18,191 | 2,006 | |
Korea United Pharm, Inc. | 40,010 | 675 | |
Kwang Dong Pharmaceutical Co. Ltd. (c) | 4,164,491 | 20,309 | |
Recordati SpA | 609,632 | 33,220 | |
Sanofi SA | 964,367 | 99,419 | |
Sanofi SA sponsored ADR | 24,879 | 1,289 | |
Syngen Biotech Co. Ltd. | 357,700 | 1,746 | |
Whanin Pharmaceutical Co. Ltd. (c) | 1,016,010 | 10,666 | |
304,603 | |||
TOTAL HEALTH CARE | 3,155,164 | ||
INDUSTRIALS - 16.6% | |||
Aerospace & Defense - 0.9% | |||
Cadre Holdings, Inc. | 1,336,725 | 49,058 | |
Huntington Ingalls Industries, Inc. | 538,144 | 150,670 | |
Leonardo DRS, Inc. (a) | 423,149 | 11,933 | |
QinetiQ Group PLC | 2,542,275 | 15,792 | |
Rheinmetall AG | 26,660 | 14,536 | |
V2X, Inc. (a) | 390,697 | 20,367 | |
262,356 | |||
Air Freight & Logistics - 0.4% | |||
AIT Corp. | 157,689 | 2,042 | |
AZ-Com Maruwa Holdings, Inc. | 239,280 | 2,076 | |
Compania de Distribucion Integral Logista Holdings SA | 1,023,568 | 30,264 | |
Hamakyorex Co. Ltd. (c) | 1,210,504 | 38,585 | |
Radiant Logistics, Inc. (a) | 111,105 | 691 | |
SENKO Co. Ltd. | 485,519 | 3,734 | |
Sinotrans Ltd. (H Shares) | 29,115,244 | 13,528 | |
Trancom Co. Ltd. (c) | 523,459 | 23,342 | |
114,262 | |||
Building Products - 1.0% | |||
Builders FirstSource, Inc. (a) | 458,472 | 76,734 | |
Hayward Holdings, Inc. (a) | 9,195,649 | 136,004 | |
Inwido AB | 14,720 | 243 | |
Janus International Group, Inc. (a) | 2,511,337 | 36,213 | |
Kondotec, Inc. (c) | 1,555,738 | 14,415 | |
Nihon Dengi Co. Ltd. | 300,903 | 11,851 | |
Nihon Flush Co. Ltd. | 1,102,520 | 6,845 | |
Sekisui Jushi Corp. | 126,844 | 2,146 | |
284,451 | |||
Commercial Services & Supplies - 1.5% | |||
Aeon Delight Co. Ltd. | 196,318 | 5,131 | |
AJIS Co. Ltd. (c) | 829,034 | 13,293 | |
Brady Corp. Class A | 827,555 | 59,261 | |
Civeo Corp. (c) | 866,934 | 23,581 | |
CoreCivic, Inc. (a) | 3,055,020 | 42,587 | |
CTS Co. Ltd. | 229,026 | 1,274 | |
Fursys, Inc. (c) | 900,000 | 28,877 | |
Lion Rock Group Ltd. | 18,002,845 | 3,387 | |
Mitie Group PLC | 40,187,701 | 62,616 | |
Pilot Corp. | 4,854 | 147 | |
Prestige International, Inc. | 2,537,443 | 12,094 | |
Prosegur Compania de Seguridad SA (Reg.) | 291,089 | 541 | |
S1 Corp. | 696,530 | 28,628 | |
Societe BIC SA | 39,103 | 2,455 | |
Takkt AG | 1,522,491 | 17,631 | |
The GEO Group, Inc. (a) | 1,174,420 | 17,029 | |
VSE Corp. (c) | 1,036,505 | 92,239 | |
410,771 | |||
Construction & Engineering - 0.7% | |||
Boustead Singapore Ltd. | 5,629,083 | 4,211 | |
Bowman Consulting Group Ltd. (a) | 481,032 | 17,182 | |
Dai-Dan Co. Ltd. | 194,221 | 4,026 | |
Daiichi Kensetsu Corp. | 970,604 | 15,310 | |
EMCOR Group, Inc. | 227,333 | 85,350 | |
Fuji Furukawa Engineering & Construction Co. Ltd. | 14,729 | 626 | |
Geumhwa PSC Co. Ltd. | 113,302 | 2,113 | |
Mirait One Corp. | 315,066 | 4,501 | |
Nippon Rietec Co. Ltd. | 273,949 | 2,306 | |
Norconsult A/S | 1,120,488 | 3,379 | |
Raiznext Corp. (c) | 3,057,164 | 37,877 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 95,223 | 61 | |
United Integrated Services Co. | 300,800 | 3,165 | |
180,107 | |||
Electrical Equipment - 1.3% | |||
Acuity Brands, Inc. | 623,298 | 156,666 | |
Aichi Electric Co. Ltd. | 303,679 | 8,838 | |
Allient, Inc. | 152,662 | 4,418 | |
AQ Group AB | 3,691,414 | 49,167 | |
Chiyoda Integre Co. Ltd. | 263,165 | 5,955 | |
GrafTech International Ltd. (b)(c) | 17,897,868 | 13,747 | |
Korea Electric Terminal Co. Ltd. | 437,401 | 19,638 | |
nVent Electric PLC | 439,056 | 31,889 | |
Sensata Technologies PLC | 339,027 | 13,219 | |
TKH Group NV (bearer) (depositary receipt) | 888,541 | 38,850 | |
Vitzrocell Co. Ltd. | 140,000 | 2,049 | |
Volex PLC | 1,187,675 | 5,413 | |
349,849 | |||
Ground Transportation - 0.6% | |||
Proficient Auto Logistics, Inc. (c) | 1,422,855 | 28,671 | |
Sakai Moving Service Co. Ltd. (c) | 2,506,320 | 44,654 | |
Stef SA | 272,928 | 39,640 | |
Universal Logistics Holdings, Inc. (c) | 1,344,588 | 57,858 | |
170,823 | |||
Industrial Conglomerates - 0.5% | |||
DCC PLC (United Kingdom) | 1,713,495 | 118,069 | |
Metlen Energy & Metals SA | 582,445 | 22,995 | |
141,064 | |||
Machinery - 3.3% | |||
Aalberts Industries NV | 5,103,031 | 194,953 | |
Allison Transmission Holdings, Inc. | 71,303 | 6,317 | |
Beijer Alma AB (B Shares) | 1,415,194 | 28,940 | |
Crane Co. | 362,692 | 58,183 | |
Daiwa Industries Ltd. | 825,757 | 8,737 | |
EnPro Industries, Inc. | 436,030 | 74,535 | |
ESAB Corp. | 692,604 | 70,369 | |
Estic Corp. | 364,019 | 2,248 | |
Haitian International Holdings Ltd. | 6,502,518 | 18,851 | |
Hillenbrand, Inc. | 3,338,726 | 147,672 | |
Hosokawa Micron Corp. | 106,813 | 2,916 | |
Hy-Lok Corp. | 102,000 | 2,085 | |
IHI Corp. | 152,198 | 5,552 | |
ITT, Inc. | 317,035 | 44,848 | |
JOST Werke AG (d) | 73,293 | 3,316 | |
Luxfer Holdings PLC sponsored | 700,873 | 9,069 | |
Miller Industries, Inc. | 299,349 | 20,338 | |
Mincon Group PLC | 2,022,212 | 875 | |
Nadex Co. Ltd. (c) | 706,770 | 5,275 | |
Precision Tsugami China Corp. Ltd. | 908,862 | 1,120 | |
Semperit AG Holding | 3,964 | 46 | |
Shinwa Co. Ltd. | 85,185 | 1,522 | |
SIMPAC, Inc. | 1,183,000 | 3,252 | |
Stabilus Se | 69,409 | 3,399 | |
Takeuchi Manufacturing Co. Ltd. | 436,766 | 14,228 | |
Teikoku Electric Manufacturing Co. Ltd. | 37,459 | 675 | |
Terex Corp. | 1,179,574 | 74,620 | |
Timken Co. | 718,795 | 62,499 | |
TK Group Holdings Ltd. | 7,799,498 | 1,857 | |
Tocalo Co. Ltd. | 2,779,440 | 36,773 | |
Trinity Industrial Corp. | 793,049 | 6,104 | |
Yamada Corp. | 53,452 | 2,141 | |
913,315 | |||
Marine Transportation - 0.1% | |||
Irish Continental Group PLC unit | 4,494,266 | 26,168 | |
SITC International Holdings Co. Ltd. | 5,668,820 | 12,625 | |
38,793 | |||
Passenger Airlines - 0.1% | |||
Jet2 PLC | 1,453,262 | 26,529 | |
Professional Services - 3.1% | |||
Altech Corp. | 325,931 | 5,850 | |
Artner Co. Ltd. (b) | 239,759 | 2,999 | |
Barrett Business Services, Inc. | 720,853 | 26,268 | |
CACI International, Inc. (a) | 159,787 | 73,739 | |
Careerlink Co. Ltd. | 159,982 | 2,622 | |
Concentrix Corp. | 1,726,050 | 121,687 | |
Creek & River Co. Ltd. (b) | 9,744 | 95 | |
E-Credible Co. Ltd. | 250,349 | 2,248 | |
Gakujo Co. Ltd. | 267,361 | 3,393 | |
Genpact Ltd. | 4,286,615 | 148,617 | |
Hito Communications Holdings, Inc. | 176,036 | 1,121 | |
HRnetgroup Ltd. | 4,472,293 | 2,275 | |
IFIS Japan Ltd. | 172,257 | 685 | |
KBR, Inc. | 2,235,015 | 148,830 | |
Leidos Holdings, Inc. | 37,619 | 5,432 | |
Maximus, Inc. | 1,440,064 | 133,768 | |
Multiconsult A/S (d) | 209,207 | 3,202 | |
Open Up Group, Inc. | 95,747 | 1,391 | |
Persol Holdings Co. Ltd. | 9,950,853 | 17,171 | |
Quick Co. Ltd. (c) | 1,021,894 | 14,823 | |
Science Applications International Corp. | 455,334 | 56,644 | |
Synergie SA | 129,343 | 4,549 | |
Verra Mobility Corp. (a) | 2,122,961 | 63,965 | |
WDB Holdings Co. Ltd. | 641,019 | 7,886 | |
Will Group, Inc. | 1,081,959 | 7,526 | |
Wilmington PLC | 2,344,820 | 11,907 | |
868,693 | |||
Trading Companies & Distributors - 3.0% | |||
AerCap Holdings NV | 211,416 | 19,863 | |
Alligo AB (B Shares) | 236,091 | 3,104 | |
Beacon Roofing Supply, Inc. (a) | 1,018,624 | 104,715 | |
Bergman & Beving AB (B Shares) | 376,079 | 11,132 | |
Bossard Holding AG | 59,930 | 15,260 | |
Chori Co. Ltd. | 977,950 | 24,774 | |
Core & Main, Inc. (a)(b) | 1,955,696 | 104,571 | |
Ferguson PLC | 287,438 | 63,998 | |
Global Industrial Co. | 1,204,314 | 42,006 | |
Goodfellow, Inc. (c) | 664,436 | 6,824 | |
Green Cross Co. Ltd. (c) | 478,710 | 4,138 | |
Horizon Construction Development Ltd. (a) | 647,607 | 124 | |
Inaba Denki Sangyo Co. Ltd. | 349,349 | 9,235 | |
Itochu Corp. | 2,776,945 | 142,411 | |
Kamei Corp. | 134,252 | 2,030 | |
KS Energy Services Ltd. (e) | 12,767,454 | 0 | |
Lumax International Corp. Ltd. | 2,201,510 | 7,990 | |
Mitani Shoji Co. Ltd. | 2,727,127 | 30,147 | |
Momentum Group Komponenter & Tjanster AB | 1,481,417 | 25,010 | |
Parker Corp. (c) | 2,076,931 | 11,923 | |
Richelieu Hardware Ltd. | 673,348 | 19,889 | |
RS GROUP PLC | 9,241,516 | 97,182 | |
Rush Enterprises, Inc. Class A | 82,613 | 4,214 | |
Sanyo Trading Co. Ltd. | 128,547 | 1,300 | |
Senshu Electric Co. Ltd. (c) | 1,037,614 | 35,602 | |
Thermador Groupe SA | 29,976 | 2,475 | |
Totech Corp. (c) | 2,203,276 | 37,784 | |
Yamazen Co. Ltd. | 126,162 | 1,313 | |
Yuasa Trading Co. Ltd. | 354,810 | 13,335 | |
842,349 | |||
Transportation Infrastructure - 0.1% | |||
Athens International Airport SA | 612,005 | 5,274 | |
Daito Koun Co. Ltd. | 19,276 | 101 | |
Isewan Terminal Service Co. Ltd. | 289,961 | 1,407 | |
Qingdao Port International Co. Ltd. (H Shares) (d) | 16,014,155 | 11,950 | |
18,732 | |||
TOTAL INDUSTRIALS | 4,622,094 | ||
INFORMATION TECHNOLOGY - 13.5% | |||
Electronic Equipment, Instruments & Components - 6.2% | |||
Advanced Energy Industries, Inc. | 1,059,123 | 123,250 | |
Belden, Inc. | 1,148,476 | 106,452 | |
CDW Corp. | 303,388 | 66,172 | |
Crane NXT Co. | 2,165,244 | 136,151 | |
Daiwabo Holdings Co. Ltd. | 1,351,593 | 25,705 | |
Dexerials Corp. | 485,080 | 23,732 | |
Flex Ltd. (a) | 2,366,848 | 76,094 | |
FLEXium Interconnect, Inc. | 600,000 | 1,631 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 6,409,012 | 39,491 | |
IDIS Holdings Co. Ltd. (c) | 530,460 | 3,791 | |
Insight Enterprises, Inc. (a) | 532,637 | 119,577 | |
Jabil, Inc. | 709,000 | 79,883 | |
Kingboard Chemical Holdings Ltd. (c) | 63,136,732 | 128,813 | |
Makus, Inc. | 686,027 | 4,863 | |
Maruwa Ceramic Co. Ltd. | 65,064 | 17,634 | |
Methode Electronics, Inc. (c) | 2,074,400 | 26,262 | |
Nippo Ltd. (c) | 621,146 | 7,065 | |
PAX Global Technology Ltd. | 43,770,343 | 24,538 | |
Redington (India) Ltd. | 29,256,820 | 74,194 | |
Riken Keiki Co. Ltd. | 245,017 | 7,262 | |
SAMT Co. Ltd. | 100,000 | 258 | |
Sesa SpA | 266,548 | 29,280 | |
Shibaura Electronics Co. Ltd. | 727,678 | 14,621 | |
Simplo Technology Co. Ltd. | 5,766,000 | 63,646 | |
Strix Group PLC | 2,645,066 | 2,826 | |
TD SYNNEX Corp. | 1,972,471 | 235,059 | |
Test Research, Inc. | 150,000 | 677 | |
Thinking Electronic Industries Co. Ltd. | 4,124,000 | 20,980 | |
Tripod Technology Corp. | 3,548,000 | 21,869 | |
Vontier Corp. | 3,984,641 | 156,317 | |
VSTECS Holdings Ltd. (c) | 107,945,578 | 59,411 | |
Yageo Corp. | 1,266,000 | 31,007 | |
1,728,511 | |||
IT Services - 2.5% | |||
Alten SA | 116,534 | 12,839 | |
Amdocs Ltd. | 2,696,528 | 235,865 | |
Argo Graphics, Inc. | 714,240 | 24,411 | |
Asahi Intelligence Service Co. | 38,114 | 402 | |
Avant Group Corp. | 222,518 | 2,035 | |
CDS Co. Ltd. | 73,376 | 885 | |
Cognizant Technology Solutions Corp. Class A | 2,120,342 | 160,467 | |
Densan System Holdings Co. Ltd. | 139,178 | 2,669 | |
Dimerco Data System Corp. | 994,799 | 3,590 | |
DTS Corp. | 573,775 | 16,585 | |
Econocom Group SA | 4,699,308 | 10,070 | |
Exclusive Networks SA (a) | 456,172 | 11,478 | |
Future Corp. | 370,857 | 4,243 | |
Gabia, Inc. (c) | 900,000 | 9,251 | |
Himacs Ltd. | 27,163 | 260 | |
Indra Sistemas SA (b) | 3,457,281 | 69,370 | |
Information Planning Co. | 121,648 | 3,650 | |
Know IT AB | 364,423 | 5,554 | |
Neurones | 69,736 | 3,177 | |
Proact IT Group AB | 610,349 | 9,119 | |
Sopra Steria Group | 397,844 | 73,885 | |
TDC Soft, Inc. | 1,020,321 | 8,793 | |
TIS, Inc. | 859,339 | 18,529 | |
687,127 | |||
Semiconductors & Semiconductor Equipment - 2.7% | |||
ASMPT Ltd. | 1,789,163 | 18,664 | |
Diodes, Inc. (a) | 991,814 | 77,560 | |
Japan Material Co. Ltd. | 95,799 | 1,278 | |
Machvision, Inc. | 209,000 | 2,072 | |
Melexis NV | 96,206 | 8,387 | |
Micron Technology, Inc. | 418,160 | 45,922 | |
MKS Instruments, Inc. | 1,326,115 | 166,958 | |
Novatek Microelectronics Corp. | 100,000 | 1,620 | |
Parade Technologies Ltd. | 478,000 | 10,896 | |
Powertech Technology, Inc. | 6,000,000 | 30,302 | |
Renesas Electronics Corp. | 4,305,664 | 74,160 | |
Skyworks Solutions, Inc. | 1,023,889 | 116,334 | |
Sumco Corp. | 1,888,883 | 31,054 | |
Systems Technology, Inc. | 150,100 | 3,118 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,701,000 | 108,435 | |
Topco Scientific Co. Ltd. | 5,738,593 | 47,407 | |
744,167 | |||
Software - 0.4% | |||
Cresco Ltd. | 1,311,380 | 11,704 | |
Focus Systems Corp. | 160,597 | 1,380 | |
Fukui Computer Holdings, Inc. | 194,105 | 3,344 | |
Hecto Innovation Co. Ltd. | 500,074 | 4,779 | |
Justsystems Corp. | 401,166 | 8,476 | |
KSK Co., Ltd. (c) | 527,035 | 11,715 | |
Linedata Services | 19,259 | 1,505 | |
NetGem SA | 329,283 | 280 | |
NSW, Inc. | 169,868 | 3,697 | |
Open Text Corp. | 1,292,310 | 40,735 | |
Pinewood Technologies Group PLC (c) | 4,882,623 | 22,314 | |
Pro-Ship, Inc. | 584,297 | 5,796 | |
System Research Co. Ltd. | 266,578 | 2,730 | |
118,455 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Dell Technologies, Inc. | 384,890 | 43,754 | |
Elecom Co. Ltd. | 533,945 | 5,877 | |
MCJ Co. Ltd. | 2,611,802 | 23,868 | |
Samsung Electronics Co. Ltd. | 1,884,000 | 115,395 | |
Seagate Technology Holdings PLC | 2,688,988 | 274,734 | |
TSC Auto ID Technology Corp. (c) | 2,544,911 | 15,020 | |
478,648 | |||
TOTAL INFORMATION TECHNOLOGY | 3,756,908 | ||
MATERIALS - 5.2% | |||
Chemicals - 2.4% | |||
Axalta Coating Systems Ltd. (a) | 3,874,032 | 138,109 | |
C. Uyemura & Co. Ltd. | 727,932 | 52,819 | |
Celanese Corp. | 743,670 | 104,969 | |
EcoGreen International Group Ltd. (c)(e) | 51,434,282 | 0 | |
Element Solutions, Inc. | 3,349,580 | 90,271 | |
Jcu Corp. | 339,750 | 8,550 | |
LyondellBasell Industries NV Class A | 1,948,014 | 193,749 | |
Miwon Commercial Co. Ltd. | 28,100 | 4,175 | |
Muto Seiko Co. Ltd. | 194,078 | 2,252 | |
Scientex Bhd | 100,000 | 92 | |
Soulbrain Co. Ltd. | 81,000 | 15,582 | |
Tronox Holdings PLC | 4,220,234 | 68,199 | |
Yip's Chemical Holdings Ltd. | 5,765,814 | 1,122 | |
679,889 | |||
Construction Materials - 0.9% | |||
Buzzi SpA | 388,449 | 15,244 | |
Eagle Materials, Inc. | 376,081 | 102,407 | |
GCC S.A.B. de CV | 195,567 | 1,660 | |
Mitani Sekisan Co. Ltd. | 907,444 | 34,104 | |
RHI Magnesita NV | 195,795 | 9,238 | |
SigmaRoc PLC (a) | 27,920,628 | 26,023 | |
Vertex Corp. | 29,275 | 400 | |
Wienerberger AG | 1,761,249 | 62,444 | |
251,520 | |||
Containers & Packaging - 1.0% | |||
Chuoh Pack Industry Co. Ltd. (c) | 397,022 | 3,742 | |
Corticeira Amorim SGPS SA | 1,453,847 | 14,318 | |
Groupe Guillin SA | 360,473 | 11,684 | |
International Paper Co. | 130,300 | 6,056 | |
Kohsoku Corp. (c) | 1,601,746 | 26,731 | |
Mayr-Melnhof Karton AG | 224,334 | 25,590 | |
Packaging Corp. of America | 498,166 | 99,568 | |
Silgan Holdings, Inc. | 1,052,572 | 54,134 | |
The Pack Corp. (c) | 1,247,163 | 32,677 | |
274,500 | |||
Metals & Mining - 0.5% | |||
Boliden AB | 145,658 | 4,442 | |
CK-SAN-ETSU Co. Ltd. | 28,101 | 703 | |
Hill & Smith Holdings PLC | 506,288 | 14,970 | |
PRL Global Ltd. | 187,455 | 131 | |
Warrior Metropolitan Coal, Inc. | 1,526,270 | 105,481 | |
125,727 | |||
Paper & Forest Products - 0.4% | |||
Miquel y Costas & Miquel SA | 462,354 | 6,380 | |
Stella-Jones, Inc. | 1,420,903 | 95,598 | |
Sylvamo Corp. | 53,044 | 3,910 | |
Western Forest Products, Inc. (b) | 3,649,854 | 1,097 | |
106,985 | |||
TOTAL MATERIALS | 1,438,621 | ||
REAL ESTATE - 1.7% | |||
Equity Real Estate Investment Trusts (REITs) - 0.5% | |||
Camden Property Trust (SBI) | 372,556 | 41,261 | |
Mapletree Industrial (REIT) | 4,660,493 | 8,054 | |
Mid-America Apartment Communities, Inc. | 485,847 | 67,907 | |
STAG Industrial, Inc. | 706,895 | 28,848 | |
146,070 | |||
Real Estate Management & Development - 1.2% | |||
Branicks Group AG (a)(b) | 1,148,066 | 2,665 | |
Instone Real Estate Group BV (d) | 1,081,832 | 11,052 | |
Jones Lang LaSalle, Inc. (a) | 742,688 | 186,340 | |
LandBridge Co. LLC | 396,767 | 13,081 | |
LSL Property Services PLC | 1,232,641 | 5,419 | |
Real Matters, Inc. (a) | 3,434,797 | 18,957 | |
Robinsons Land Corp. | 30,631,019 | 7,761 | |
Savills PLC | 3,655,063 | 59,956 | |
Selvaag Bolig ASA | 498,551 | 1,723 | |
Servcorp Ltd. | 891,043 | 2,546 | |
Tejon Ranch Co. (a) | 404,565 | 7,687 | |
317,187 | |||
TOTAL REAL ESTATE | 463,257 | ||
UTILITIES - 1.9% | |||
Electric Utilities - 1.7% | |||
Kansai Electric Power Co., Inc. | 2,626,388 | 44,953 | |
PG&E Corp. | 23,451,738 | 427,994 | |
Power Grid Corp. of India Ltd. | 66,666 | 277 | |
Southern Co. | 99,520 | 8,312 | |
481,536 | |||
Gas Utilities - 0.1% | |||
China Resource Gas Group Ltd. | 3,166,990 | 10,742 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
Mega First Corp. Bhd | 32,943,659 | 34,704 | |
TOTAL UTILITIES | 526,982 | ||
TOTAL COMMON STOCKS (Cost $18,857,005) | 27,543,625 | ||
Nonconvertible Bonds - 0.0% | |||
Principal Amount (f) (000s) | Value ($) (000s) | ||
ENERGY - 0.0% | |||
Energy Equipment & Services - 0.0% | |||
Bristow Group, Inc. 6.25% (e)(g) (Cost $0) | 9,933 | 0 | |
Money Market Funds - 2.0% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.39% (h) | 332,345,531 | 332,412 | |
Fidelity Securities Lending Cash Central Fund 5.39% (h)(i) | 221,830,376 | 221,853 | |
TOTAL MONEY MARKET FUNDS (Cost $554,239) | 554,265 | ||
TOTAL INVESTMENT IN SECURITIES - 100.8% (Cost $19,411,244) | 28,097,890 |
NET OTHER ASSETS (LIABILITIES) - (0.8)% | (214,708) |
NET ASSETS - 100.0% | 27,883,182 |
(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 $66,680,000 or 0.2% of net assets. |
(e) | Level 3 security |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Non-income producing - Security is in default. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | 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 | 5,889,210 | 6,177,107 | 24,526 | (1) | (6) | 332,412 | 0.7% |
Fidelity Securities Lending Cash Central Fund 5.39% | 341,398 | 2,472,390 | 2,591,935 | 655 | - | - | 221,853 | 1.0% |
Total | 961,714 | 8,361,600 | 8,769,042 | 25,181 | (1) | (6) | 554,265 | |
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 | - | 419 | 427 | 138 | (805) | 13,293 |
ASL Marine Holdings Ltd. | 1,762 | - | 1,643 | - | (14,400) | 14,281 | - |
ASTI Corp. | 5,785 | - | 5,881 | 126 | 2,686 | (2,590) | - |
Adams Resources & Energy, Inc. | 5,248 | - | 4,355 | 53 | 2,490 | (3,383) | - |
Aichi Electric Co. Ltd. | 12,622 | - | 4,649 | 388 | 851 | 14 | - |
Alconix Corp. | 23,775 | - | 21,774 | 545 | 4,884 | (6,885) | - |
Alps Logistics Co. Ltd. | 25,224 | - | 73,177 | 598 | 62,547 | (14,594) | - |
BMTC Group, Inc. | 40,069 | - | 1,167 | 730 | 1,121 | (9,959) | 30,064 |
Belc Co. Ltd. | 76,992 | - | 25,080 | 925 | 17,441 | (25,515) | 43,838 |
Belluna Co. Ltd. | 30,642 | - | 25,777 | 363 | 3,474 | (8,339) | - |
Berry Corp. | 34,552 | 124 | 32,740 | 2,861 | (3,252) | 1,316 | - |
CDS Co. Ltd. | 4,836 | - | 3,653 | 86 | (595) | 297 | - |
CSE Global Ltd. | 14,462 | - | 12,658 | 368 | (15,590) | 13,786 | - |
Carr's Group PLC | 11,074 | 85 | 203 | 476 | 1 | (431) | 10,526 |
Cell Biotech Co. Ltd. | 4,598 | - | 4,670 | 138 | (1,735) | 1,807 | - |
Chase Corp. | 78,351 | - | 78,403 | - | 59,138 | (59,086) | - |
Chori Co. Ltd. | 29,117 | - | 8,576 | 847 | 2,190 | 2,043 | - |
Chuoh Pack Industry Co. Ltd. | 3,714 | - | 85 | 145 | 28 | 85 | 3,742 |
Civeo Corp. | 15,279 | 2,329 | 465 | 694 | 76 | 6,362 | 23,581 |
Create SD Holdings Co. Ltd. | 120,041 | - | 38,152 | 1,322 | 25,634 | (38,332) | - |
Daewon Pharmaceutical Co. Ltd. | 25,677 | - | - | 417 | - | (803) | 24,874 |
Daito Pharmaceutical Co. Ltd. | 16,812 | - | 14,852 | 101 | (12,538) | 10,578 | - |
DongKook Pharmaceutical Co. Ltd. | 26,400 | - | 13,180 | 165 | 9,188 | (5,585) | - |
EcoGreen International Group Ltd. | 10,249 | - | 119 | - | (81) | (10,049) | - |
First Juken Co. Ltd. | 10,494 | - | 223 | 336 | 2 | (688) | 9,585 |
First of Long Island Corp. | 17,154 | - | 15,097 | 215 | (10,510) | 8,453 | - |
Food Empire Holdings Ltd. | 24,699 | - | 11,613 | 1,544 | 7,812 | (8,654) | - |
Fresh Del Monte Produce, Inc. | 64,093 | - | 60,350 | 461 | 3,477 | (7,220) | - |
Fujikura Kasei Co., Ltd. | 5,840 | - | 5,480 | 83 | (4,139) | 3,779 | - |
Fursys, Inc. | 21,272 | - | - | 695 | - | 7,605 | 28,877 |
Gabia, Inc. | 8,502 | - | - | 46 | - | 749 | 9,251 |
Genky DrugStores Co. Ltd. | 35,102 | - | 870 | 146 | 734 | 9,672 | 44,638 |
Geumhwa PSC Co. Ltd. | 8,467 | - | 4,903 | 277 | (2,620) | 1,169 | - |
Goodfellow, Inc. | 7,222 | - | 174 | 422 | 121 | (345) | 6,824 |
GrafTech International Ltd. | 94,145 | 3,844 | 2,539 | - | (4,199) | (77,504) | 13,747 |
Green Cross Co. Ltd. | 3,542 | - | 88 | 96 | 13 | 671 | 4,138 |
Halows Co. Ltd. | 38,104 | - | 960 | 406 | 752 | 5,940 | 43,836 |
Hamakyorex Co. Ltd. | 34,161 | 2 | 742 | 882 | 357 | 4,807 | 38,585 |
Handsome Co. Ltd. | 22,736 | - | - | 678 | - | (4,891) | 17,845 |
Helen of Troy Ltd. | 139,035 | 49,650 | 3,212 | - | 3,075 | (105,945) | 82,603 |
Hoshi Iryo-Sanki Co. Ltd. | 6,033 | - | 5,717 | 43 | 1,459 | (1,775) | - |
Huons Co. Ltd. | 21,618 | - | - | 341 | - | (1,266) | 20,352 |
Hyster-Yale Materials Handling, Inc. Class A | 9,475 | 601 | 25,297 | 176 | 10,985 | (2,977) | - |
Hyster-Yale Materials Handling, Inc. Class B | 14,806 | - | - | 101 | - | (7,593) | - |
IA Group Corp. | 3,243 | - | 1,240 | 99 | (561) | 307 | - |
IDIS Holdings Co. Ltd. | 7,513 | - | 2,175 | 124 | (2,700) | 1,153 | 3,791 |
InBody Co. Ltd. | 16,288 | - | - | 167 | - | (3,235) | 13,053 |
JLM Couture, Inc. | 165 | - | 5 | - | (864) | 704 | - |
Jumbo SA | 279,752 | - | 71,784 | 25,290 | 45,586 | (68,444) | 185,110 |
KSK Co., Ltd. | 9,417 | - | 271 | 717 | 208 | 2,361 | 11,715 |
Kingboard Chemical Holdings Ltd. | 187,900 | - | 11,130 | 8,637 | 1,155 | (49,112) | 128,813 |
Kohsoku Corp. | 24,624 | - | 539 | 506 | 344 | 2,302 | 26,731 |
Kondotec, Inc. | 13,513 | - | 296 | 379 | 220 | 978 | 14,415 |
Kwang Dong Pharmaceutical Co. Ltd. | 20,990 | - | - | 269 | - | (681) | 20,309 |
Maruzen Co. Ltd. | 21,492 | - | 21,919 | 293 | 14,160 | (13,733) | - |
Methode Electronics, Inc. | 53,335 | 11,798 | 863 | 1,102 | (682) | (37,326) | 26,262 |
Mi Chang Oil Industrial Co. Ltd. | 8,969 | - | - | 313 | - | 1,886 | 10,855 |
Motonic Corp. | 14,377 | - | 4,894 | 561 | 28 | (1,465) | - |
Murakami Corp. | 16,590 | - | 17,051 | 248 | 9,636 | (9,175) | - |
Nadex Co. Ltd. | 5,837 | - | 396 | 153 | 92 | (258) | 5,275 |
Nafco Co. Ltd. | 24,640 | - | 681 | 642 | 158 | 12,269 | 36,386 |
Nippo Ltd. | 4,873 | - | 151 | 277 | 101 | 2,242 | 7,065 |
Parker Corp. | 11,036 | - | 281 | 278 | 205 | 963 | 11,923 |
Pinewood Technologies Group PLC | - | 44,257 | 609 | 29,934 | (54) | (21,280) | 22,314 |
Prim SA | 16,340 | - | 341 | 555 | 72 | (563) | 15,508 |
Proficient Auto Logistics, Inc. | - | 23,071 | 86 | - | 11 | 5,675 | 28,671 |
Quick Co. Ltd. | 17,892 | - | 360 | 583 | 111 | (2,820) | 14,823 |
Raiznext Corp. | 32,006 | - | 862 | 2,496 | 328 | 6,405 | 37,877 |
Rocky Mountain Chocolate Factory, Inc. | 2,665 | - | 37 | - | (10) | (1,786) | 832 |
SJM Co. Ltd. | 4,178 | - | 3,596 | 25 | (1,073) | 491 | - |
SNT Holdings Co. Ltd. | 10,959 | - | - | 444 | - | 4,161 | 15,120 |
Sakai Moving Service Co. Ltd. | 48,117 | - | 1,005 | 805 | 744 | (3,202) | 44,654 |
Sally Beauty Holdings, Inc. | 99,191 | 1,956 | 6,800 | - | (4,119) | (222) | 90,006 |
Sanei Architecture Planning Co. Ltd. | 18,021 | - | 23,152 | - | 6,700 | (1,569) | - |
Sarantis SA | 33,067 | - | 2,306 | 876 | 1,094 | 12,065 | 43,920 |
Senshu Electric Co. Ltd. | 38,862 | - | 10,720 | 933 | 8,072 | (612) | 35,602 |
Societe Pour L'Informatique Industrielle SA | 88,564 | - | 117,505 | 796 | 108,084 | (79,143) | - |
Sportsman's Warehouse Holdings, Inc. | 2,616 | 11,057 | 229 | - | 21 | (6,393) | 7,072 |
Step Co. Ltd. | 11,518 | - | 11,565 | 293 | 6,635 | (6,588) | - |
Sun Hing Vision Group Holdings Ltd. | 1,732 | - | 96 | 69 | (356) | 106 | 1,386 |
Sunjin Co. Ltd. | 14,707 | - | 2,996 | 113 | (2,953) | 7 | 8,765 |
TSC Auto ID Technology Corp. | 20,945 | - | - | 786 | - | (5,925) | 15,020 |
The Pack Corp. | 29,772 | - | 689 | 805 | 274 | 3,320 | 32,677 |
Tohoku Steel Co. Ltd. | 7,604 | - | 7,184 | 36 | (201) | (219) | - |
Tokyo Kisen Co. Ltd. | 2,375 | - | 2,313 | - | 137 | (199) | - |
Tokyo Tekko Co. Ltd. | 17,974 | - | 20,857 | 736 | 8,472 | (5,589) | - |
Tomen Devices Corp. | 14,861 | - | 14,662 | - | 3,818 | (4,017) | - |
Totech Corp. | 33,307 | - | 8,291 | 1,085 | 6,620 | 6,148 | 37,784 |
Trancom Co. Ltd. | 40,598 | - | 11,493 | 663 | 6,753 | (12,516) | 23,342 |
Universal Logistics Holdings, Inc. | 39,325 | 5,393 | 3,339 | 567 | 385 | 16,094 | 57,858 |
Utah Medical Products, Inc. | 21,109 | 43 | 4,383 | 255 | 3,821 | (9,914) | - |
VSE Corp. | 62,187 | - | 9,816 | 448 | 6,169 | 33,699 | 92,239 |
VSTECS Holdings Ltd. | 56,564 | - | 2,036 | 3,576 | 1,273 | 3,610 | 59,411 |
WIN-Partners Co. Ltd. | 16,006 | - | 374 | 616 | 237 | 984 | 16,853 |
Whanin Pharmaceutical Co. Ltd. | 16,151 | - | 5,600 | 197 | 3,255 | (3,140) | 10,666 |
Wolverine World Wide, Inc. | 48,342 | 16,993 | 1,433 | 1,979 | (3) | 17,906 | 81,805 |
World Holdings Co. Ltd. | 18,967 | - | 16,598 | - | (3,155) | 786 | - |
Youngone Holdings Co. Ltd. | 45,318 | - | - | 1,844 | - | (795) | 44,523 |
Yutaka Giken Co. Ltd. | 16,837 | - | 15,061 | 482 | (5,003) | 6,617 | - |
Total | 2,891,391 | 171,203 | 949,013 | 110,775 | 374,260 | (518,482) | 1,810,630 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 300,270 | 230,181 | 70,089 | - |
Consumer Discretionary | 4,058,442 | 4,024,136 | 33,995 | 311 |
Consumer Staples | 1,938,581 | 1,935,514 | 3,065 | 2 |
Energy | 2,313,219 | 2,280,438 | 32,781 | - |
Financials | 4,970,087 | 4,970,087 | - | - |
Health Care | 3,155,164 | 3,044,743 | 108,227 | 2,194 |
Industrials | 4,622,094 | 4,462,976 | 159,118 | - |
Information Technology | 3,756,908 | 3,253,051 | 503,857 | - |
Materials | 1,438,621 | 1,438,621 | - | - |
Real Estate | 463,257 | 463,257 | - | - |
Utilities | 526,982 | 482,029 | 44,953 | - |
Corporate Bonds | - | - | - | - |
Money Market Funds | 554,265 | 554,265 | - | - |
Total Investments in Securities: | 28,097,890 | 27,139,298 | 956,085 | 2,507 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 Amounts in thousands (except per-share amounts) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $214,099) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $17,513,888) | $ | 25,732,995 | ||
Fidelity Central Funds (cost $554,239) | 554,265 | |||
Other affiliated issuers (cost $1,343,117) | 1,810,630 | |||
Total Investment in Securities (cost $19,411,244) | $ | 28,097,890 | ||
Foreign currency held at value (cost $5,921) | 5,930 | |||
Receivable for investments sold | 33,060 | |||
Receivable for fund shares sold | 17,639 | |||
Dividends receivable | 39,561 | |||
Distributions receivable from Fidelity Central Funds | 1,211 | |||
Prepaid expenses | 5 | |||
Other receivables | 1,599 | |||
Total assets | 28,196,895 | |||
Liabilities | ||||
Payable for investments purchased | $ | 9,761 | ||
Payable for fund shares redeemed | 43,978 | |||
Accrued management fee | 19,726 | |||
Deferred taxes | 15,838 | |||
Other payables and accrued expenses | 2,614 | |||
Collateral on securities loaned | 221,796 | |||
Total liabilities | 313,713 | |||
Net Assets | $ | 27,883,182 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 16,912,904 | ||
Total accumulated earnings (loss) | 10,970,278 | |||
Net Assets | $ | 27,883,182 | ||
Net Asset Value and Maximum Offering Price | ||||
Low-Priced Stock : | ||||
Net Asset Value, offering price and redemption price per share ($24,853,382 ÷ 504,913 shares) | $ | 49.22 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($3,029,800 ÷ 61,633 shares) | $ | 49.16 |
Statement of Operations | ||||
Year ended July 31, 2024 Amounts in thousands | ||||
Investment Income | ||||
Dividends (including $110,775 earned from affiliated issuers) | $ | 656,313 | ||
Interest | 33 | |||
Income from Fidelity Central Funds (including $655 from security lending) | 25,181 | |||
Total income | 681,527 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 164,404 | ||
Performance adjustment | 58,651 | |||
Transfer agent fees | 17,816 | |||
Accounting fees | 1,040 | |||
Custodian fees and expenses | 1,643 | |||
Independent trustees' fees and expenses | 133 | |||
Registration fees | 143 | |||
Audit fees | 397 | |||
Legal | 36 | |||
Miscellaneous | 318 | |||
Total expenses before reductions | 244,581 | |||
Expense reductions | (1,698) | |||
Total expenses after reductions | 242,883 | |||
Net Investment income (loss) | 438,644 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $14,111) | 3,371,534 | |||
Redemptions in-kind | 1,120,660 | |||
Fidelity Central Funds | (1) | |||
Other affiliated issuers | 374,260 | |||
Foreign currency transactions | (3,623) | |||
Total net realized gain (loss) | 4,862,830 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $6,666) | (274,904) | |||
Fidelity Central Funds | (6) | |||
Other affiliated issuers | (518,482) | |||
Assets and liabilities in foreign currencies | 1,197 | |||
Total change in net unrealized appreciation (depreciation) | (792,195) | |||
Net gain (loss) | 4,070,635 | |||
Net increase (decrease) in net assets resulting from operations | $ | 4,509,279 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Year ended July 31, 2024 | Year ended July 31, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 438,644 | $ | 446,838 |
Net realized gain (loss) | 4,862,830 | 5,156,289 | ||
Change in net unrealized appreciation (depreciation) | (792,195) | (2,788,534) | ||
Net increase (decrease) in net assets resulting from operations | 4,509,279 | 2,814,593 | ||
Distributions to shareholders | (4,564,405) | (2,504,391) | ||
Share transactions - net increase (decrease) | (188,036) | (543,038) | ||
Total increase (decrease) in net assets | (243,162) | (232,836) | ||
Net Assets | ||||
Beginning of period | 28,126,344 | 28,359,180 | ||
End of period | $ | 27,883,182 | $ | 28,126,344 |
Fidelity® Low-Priced Stock Fund |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 49.91 | $ | 49.42 | $ | 58.05 | $ | 44.78 | $ | 49.03 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .73 | .75 | .74 | .58 | .73 | |||||
Net realized and unrealized gain (loss) | 6.64 | 4.11 | (2.86) | 18.11 | (.91) | |||||
Total from investment operations | 7.37 | 4.86 | (2.12) | 18.69 | (.18) | |||||
Distributions from net investment income | (.89) | (.55) | (.83) | (.86) | (.89) | |||||
Distributions from net realized gain | (7.17) | (3.81) | (5.68) | (4.56) | (3.19) | |||||
Total distributions | (8.06) | (4.37) C | (6.51) | (5.42) | (4.07) C | |||||
Net asset value, end of period | $ | 49.22 | $ | 49.91 | $ | 49.42 | $ | 58.05 | $ | 44.78 |
Total Return D | 18.19 % | 10.78% | (4.16)% | 45.83% | (.48)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .92% | .92% | .82% | .65% | .78% | |||||
Expenses net of fee waivers, if any | .91 % | .92% | .82% | .64% | .78% | |||||
Expenses net of all reductions | .91% | .92% | .82% | .64% | .78% | |||||
Net investment income (loss) | 1.61% | 1.61% | 1.41% | 1.12% | 1.64% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 24,853 | $ | 24,755 | $ | 24,633 | $ | 28,251 | $ | 19,517 |
Portfolio turnover rate G,H | 23 % | 39% | 14% | 21% | 9% I |
Fidelity® Low-Priced Stock Fund Class K |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 49.86 | $ | 49.38 | $ | 58.00 | $ | 44.75 | $ | 49.01 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .77 | .79 | .79 | .62 | .77 | |||||
Net realized and unrealized gain (loss) | 6.63 | 4.09 | (2.85) | 18.09 | (.91) | |||||
Total from investment operations | 7.40 | 4.88 | (2.06) | 18.71 | (.14) | |||||
Distributions from net investment income | (.93) | (.59) | (.88) | (.90) | (.93) | |||||
Distributions from net realized gain | (7.17) | (3.81) | (5.68) | (4.56) | (3.19) | |||||
Total distributions | (8.10) | (4.40) | (6.56) | (5.46) | (4.12) | |||||
Net asset value, end of period | $ | 49.16 | $ | 49.86 | $ | 49.38 | $ | 58.00 | $ | 44.75 |
Total Return C | 18.30 % | 10.86% | (4.07)% | 45.94% | (.41)% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .83% | .84% | .74% | .56% | .69% | |||||
Expenses net of fee waivers, if any | .82 % | .84% | .74% | .56% | .69% | |||||
Expenses net of all reductions | .82% | .84% | .74% | .56% | .69% | |||||
Net investment income (loss) | 1.70% | 1.69% | 1.49% | 1.20% | 1.72% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 3,030 | $ | 3,371 | $ | 3,726 | $ | 5,426 | $ | 4,294 |
Portfolio turnover rate F,G | 23 % | 39% | 14% | 21% | 9% H |
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 | $1,576 |
Gross unrealized appreciation | $9,453,549 |
Gross unrealized depreciation | (1,095,432) |
Net unrealized appreciation (depreciation) | $8,358,117 |
Tax Cost | $19,739,773 |
Undistributed ordinary income | $354,967 |
Undistributed long-term capital gain | $2,350,881 |
Net unrealized appreciation (depreciation) on securities and other investments | $8,348,587 |
Short-term | $(41,501) |
Long-term | (26,231) |
Total capital loss carryforward | $(67,732) |
July 31, 2024 | July 31, 2023 | |
Ordinary Income | $523,761 | $322,518 |
Long-term Capital Gains | 4,040,644 | 2,181,873 |
Total | $4,564,405 | $2,504,391 |
Purchases ($) | Sales ($) | |
Fidelity Low-Priced Stock Fund | 6,183,921 | 8,735,461 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Low-Priced Stock Fund | 34,766 | 1,120,660 | 1,519,524 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Low-Priced Stock Fund | 23,440 | 906,841 | 1,086,158 |
Maximum Management Fee Rate % | |
Low-Priced Stock | .67 |
Class K | .59 |
Total Management Fee Rate % | |
Low-Priced Stock | .67 |
Class K | .59 |
Performance Adjustment Index | |
Fidelity Low-Priced Stock Fund | Russell 2000 Index |
% of Class-Level Average Net Assets | ||
Low-Priced Stock | .1239 | |
Class K | .0420 |
Amount ($) | % of Class-Level Average Net Assets | |
Low-Priced Stock | 17,051 | .12 |
Class K | 765 | .04 |
17,816 |
% of Average Net Assets | |
Fidelity Low-Priced Stock Fund | .0065 |
% of Average Net Assets | |
Fidelity Low-Priced Stock Fund | .01 |
Amount ($) | |
Fidelity Low-Priced Stock Fund | 85 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Low-Priced Stock Fund | 638,208 | 456,987 | 188,385 |
Amount ($) | |
Fidelity Low-Priced Stock Fund | 45 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Low-Priced Stock Fund | 69 | -A | 16 |
Year ended July 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 | |
Year ended July 31, 2024 | Year ended July 31, 2023 | Year ended July 31, 2024 | Year ended July 31, 2023 | |
Fidelity Low-Priced Stock Fund | ||||
Low-Priced Stock | ||||
Shares sold | 46,655 | 45,379 | $2,044,180 | $2,113,858 |
Reinvestment of distributions | 88,323 | 44,186 | 3,700,353 | 2,022,615 |
Shares redeemed | (126,027) | (92,009) | (5,619,955) | (4,306,161) |
Net increase (decrease) | 8,951 | (2,444) | $124,578 | $(169,688) |
Class K | ||||
Shares sold | 8,888 | 11,247 | $398,211 | $527,756 |
Reinvestment of distributions | 13,006 | 6,981 | 543,960 | 319,132 |
Shares redeemed | (27,871) | (26,083) | (1,254,785) | (1,220,239) |
Net increase (decrease) | (5,977) | (7,855) | $(312,614) | $(373,351) |
A special meeting of shareholders was held on July 16, 2024. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To elect a Board of Trustees. | ||
# of Votes | % of Votes | |
Bettina Doulton | ||
Affirmative | 65,110,731,692.91 | 94.24 |
Withheld | 3,977,061,305.33 | 5.76 |
TOTAL | 69,087,792,998.24 | 100.00 |
Robert A. Lawrence | ||
Affirmative | 64,862,479,525.74 | 93.88 |
Withheld | 4,225,313,472.50 | 6.12 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vijay C. Advani | ||
Affirmative | 64,817,783,404.76 | 93.82 |
Withheld | 4,270,009,593.49 | 6.18 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas P. Bostick | ||
Affirmative | 64,886,989,933.75 | 93.92 |
Withheld | 4,200,803,064.49 | 6.08 |
TOTAL | 69,087,792,998.24 | 100.00 |
Donald F. Donahue | ||
Affirmative | 64,848,204,109.00 | 93.86 |
Withheld | 4,239,588,889.24 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vicki L. Fuller | ||
Affirmative | 64,995,466,255.60 | 94.08 |
Withheld | 4,092,326,742.65 | 5.92 |
TOTAL | 69,087,792,998.24 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 65,085,124,704.84 | 94.21 |
Withheld | 4,002,668,293.40 | 5.79 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas A. Kennedy | ||
Affirmative | 64,964,358,187.70 | 94.03 |
Withheld | 4,123,434,810.54 | 5.97 |
TOTAL | 69,087,792,998.24 | 100.00 |
Oscar Munoz | ||
Affirmative | 64,740,772,159.72 | 93.71 |
Withheld | 4,347,020,838.53 | 6.29 |
TOTAL | 69,087,792,998.24 | 100.00 |
Karen B. Peetz | ||
Affirmative | 64,944,559,251.25 | 94.00 |
Withheld | 4,143,233,746.99 | 6.00 |
TOTAL | 69,087,792,998.24 | 100.00 |
David M. Thomas | ||
Affirmative | 64,792,568,989.40 | 93.78 |
Withheld | 4,295,224,008.84 | 6.22 |
TOTAL | 69,087,792,998.24 | 100.00 |
Susan Tomasky | ||
Affirmative | 64,843,909,948.98 | 93.86 |
Withheld | 4,243,883,049.26 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Michael E. Wiley | ||
Affirmative | 64,839,438,084.90 | 93.85 |
Withheld | 4,248,354,913.34 | 6.15 |
TOTAL | 69,087,792,998.24 | 100.00 |
Proposal 1 reflects trust-wide proposal and voting results. |
Contents
Common Stocks - 95.8% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 1.0% | |||
Diversified Telecommunication Services - 0.1% | |||
AT&T, Inc. | 49,363 | 950,238 | |
Liberty Latin America Ltd. Class C (a) | 284,988 | 3,020,873 | |
3,971,111 | |||
Entertainment - 0.1% | |||
GungHo Online Entertainment, Inc. | 63,297 | 1,237,166 | |
International Games Systems Co. Ltd. | 113,400 | 2,605,809 | |
3,842,975 | |||
Interactive Media & Services - 0.2% | |||
Cars.com, Inc. (a) | 387,276 | 7,985,631 | |
JOYY, Inc. ADR | 26,482 | 881,586 | |
New Work SE | 3,755 | 268,214 | |
9,135,431 | |||
Media - 0.6% | |||
Comcast Corp. Class A | 271,530 | 11,206,043 | |
Nexstar Media Group, Inc. | 19,674 | 3,635,558 | |
Pico Far East Holdings Ltd. | 2,672,308 | 588,309 | |
Reach PLC | 715,600 | 971,456 | |
RKB Mainichi Broadcasting Corp. | 3,620 | 120,582 | |
Thryv Holdings, Inc. (a) | 75,034 | 1,461,662 | |
Trenders, Inc. (b) | 19,009 | 127,272 | |
WPP PLC | 845,473 | 8,155,503 | |
26,266,385 | |||
TOTAL COMMUNICATION SERVICES | 43,215,902 | ||
CONSUMER DISCRETIONARY - 14.2% | |||
Automobile Components - 1.9% | |||
Adient PLC (a) | 563,284 | 14,510,196 | |
Amotiv Ltd. | 12,088 | 85,452 | |
Aptiv PLC (a) | 88,305 | 6,127,484 | |
Autoliv, Inc. | 81,146 | 8,207,106 | |
Brembo N.V. | 160,436 | 1,799,868 | |
Cie Automotive SA | 208,261 | 6,085,543 | |
DaikyoNishikawa Corp. | 62,693 | 292,948 | |
LCI Industries | 168,656 | 19,680,469 | |
Lear Corp. | 110,843 | 13,527,280 | |
Motonic Corp. | 106,204 | 668,335 | |
Patrick Industries, Inc. | 37,079 | 4,748,337 | |
PT Selamat Sempurna Tbk | 7,185,000 | 910,277 | |
SNT Holdings Co. Ltd. | 126,832 | 2,166,660 | |
Yutaka Giken Co. Ltd. | 19,924 | 284,619 | |
79,094,574 | |||
Automobiles - 0.8% | |||
General Motors Co. | 237,297 | 10,517,003 | |
Harley-Davidson, Inc. | 356,482 | 13,368,075 | |
Isuzu Motors Ltd. | 177,429 | 2,400,105 | |
Kabe Husvagnar AB (B Shares) | 41,268 | 1,418,091 | |
Mercedes-Benz Group AG (Germany) | 32,277 | 2,133,654 | |
Stellantis NV (b) | 129,497 | 2,161,305 | |
31,998,233 | |||
Broadline Retail - 1.6% | |||
ASKUL Corp. | 427,221 | 6,071,583 | |
B&M European Value Retail SA | 1,224,667 | 7,369,629 | |
eBay, Inc. | 102,385 | 5,693,630 | |
Europris ASA (c) | 384,434 | 2,295,554 | |
Gwangju Shinsegae Co. Ltd. | 40,797 | 872,654 | |
Kohl's Corp. | 392,917 | 8,510,582 | |
Macy's, Inc. | 176,013 | 3,041,505 | |
Max Stock Ltd. | 184,216 | 421,898 | |
Next PLC | 220,067 | 25,670,993 | |
Rusta AB | 448,734 | 3,111,203 | |
Vipshop Holdings Ltd. ADR | 148,860 | 2,030,450 | |
65,089,681 | |||
Distributors - 0.5% | |||
Arata Corp. | 138,196 | 3,316,409 | |
Autohellas SA | 24,106 | 309,412 | |
Central Automotive Products Ltd. | 34,354 | 1,143,184 | |
Inchcape PLC | 931,394 | 10,093,691 | |
PALTAC Corp. | 182,448 | 5,642,546 | |
20,505,242 | |||
Diversified Consumer Services - 0.5% | |||
Aucnet, Inc. | 28,143 | 454,631 | |
Cross-Harbour Holdings Ltd. | 258,777 | 238,478 | |
Frontdoor, Inc. (a) | 76,371 | 3,013,600 | |
Gakkyusha Co. Ltd. | 25,289 | 358,558 | |
H&R Block, Inc. | 158,590 | 9,188,705 | |
JP-Holdings, Inc. | 117,217 | 478,085 | |
Laureate Education, Inc. | 235,380 | 3,648,390 | |
ME Group International PLC | 996,818 | 2,475,780 | |
19,856,227 | |||
Hotels, Restaurants & Leisure - 0.4% | |||
Betsson AB (B Shares) | 476,364 | 5,668,755 | |
Hollywood Bowl Group PLC | 484,753 | 2,072,054 | |
Ibersol SGPS SA | 177,130 | 1,338,059 | |
J.D. Wetherspoon PLC (a) | 240,142 | 2,304,554 | |
MTY Food Group, Inc. | 118,858 | 3,922,189 | |
15,305,611 | |||
Household Durables - 3.0% | |||
Barratt Developments PLC | 2,706,176 | 18,320,017 | |
Bellway PLC | 537,599 | 19,807,224 | |
Chervon Holdings Ltd. | 1,655,191 | 3,787,967 | |
Cuckoo Holdings Co. Ltd. | 76,940 | 1,241,339 | |
D.R. Horton, Inc. | 34,573 | 6,220,720 | |
Emak SpA | 491,073 | 538,904 | |
First Juken Co. Ltd. | 156,408 | 1,143,265 | |
FJ Next Co. Ltd. | 152,266 | 1,349,816 | |
Gree Electric Appliances, Inc. of Zhuhai (A Shares) | 1,165,646 | 6,461,325 | |
Helen of Troy Ltd. (a) | 192,280 | 11,365,671 | |
JM AB (B Shares) | 205,401 | 3,993,248 | |
Open House Group Co. Ltd. | 81,579 | 2,918,884 | |
Pressance Corp. (b) | 399,681 | 5,461,413 | |
Tempur Sealy International, Inc. | 218,856 | 11,457,112 | |
Token Corp. | 35,970 | 2,852,532 | |
TopBuild Corp. (a) | 15,724 | 7,524,563 | |
Vistry Group PLC (a) | 1,163,785 | 20,706,077 | |
ZAGG, Inc. rights (a)(d) | 384 | 0 | |
125,150,077 | |||
Leisure Products - 0.3% | |||
BRP, Inc. | 63,839 | 4,625,224 | |
Brunswick Corp. | 95,115 | 7,747,117 | |
Roland Corp. | 49,925 | 1,303,072 | |
13,675,413 | |||
Specialty Retail - 3.0% | |||
Academy Sports & Outdoors, Inc. | 222,854 | 12,049,716 | |
Advance Auto Parts, Inc. | 110,610 | 7,004,931 | |
Arcland Sakamoto Co. Ltd. | 143,693 | 1,745,745 | |
AutoZone, Inc. (a) | 3,221 | 10,093,615 | |
BHG Group AB (a) | 572,936 | 844,756 | |
BMTC Group, Inc. | 330,899 | 3,137,267 | |
Dick's Sporting Goods, Inc. | 60,068 | 12,995,712 | |
Dunelm Group PLC | 114,066 | 1,808,041 | |
Formosa Optical Technology Co. Ltd. | 161,000 | 471,902 | |
Fuji Corp. | 63,812 | 900,494 | |
Goldlion Holdings Ltd. | 3,198,047 | 405,238 | |
Hallenstein Glassons Holding Ltd. | 70,293 | 247,662 | |
Hamee Corp. | 79,195 | 602,665 | |
Handsman Co. Ltd. | 27,594 | 151,596 | |
IA Group Corp. | 8,321 | 197,187 | |
JD Sports Fashion PLC | 7,380,229 | 12,485,752 | |
Jumbo SA | 1,003,418 | 26,888,101 | |
K's Holdings Corp. | 72,806 | 788,057 | |
Kid ASA (c) | 8,347 | 100,679 | |
Leon's Furniture Ltd. | 39,394 | 781,802 | |
Maisons du Monde SA (c) | 112,084 | 445,182 | |
Mr. Bricolage SA (a) | 78,419 | 678,952 | |
Nafco Co. Ltd. | 256,639 | 5,139,461 | |
Pets At Home Group PLC | 1,312,564 | 5,176,841 | |
Sally Beauty Holdings, Inc. (a) | 1,051,291 | 12,037,282 | |
Sportsman's Warehouse Holdings, Inc. (a) | 363,396 | 926,660 | |
Syuppin Co. Ltd. | 38,046 | 370,289 | |
The Hour Glass Ltd. | 241,024 | 284,894 | |
Valvoline, Inc. (a) | 1,291 | 60,032 | |
WH Smith PLC | 276,109 | 4,685,365 | |
Williams-Sonoma, Inc. | 16,937 | 2,619,815 | |
126,125,691 | |||
Textiles, Apparel & Luxury Goods - 2.2% | |||
Best Pacific International Holdings Ltd. | 5,151,533 | 1,496,762 | |
Crocs, Inc. (a) | 6,570 | 882,811 | |
Deckers Outdoor Corp. (a) | 563 | 519,441 | |
Dr. Martens Ltd. | 1,714,760 | 1,565,131 | |
Embry Holdings Ltd. (a) | 217,516 | 8,491 | |
Gildan Activewear, Inc. | 429,716 | 17,498,014 | |
Handsome Co. Ltd. | 217,100 | 2,767,261 | |
Kontoor Brands, Inc. | 162,261 | 11,382,609 | |
Levi Strauss & Co. Class A | 509,796 | 9,344,561 | |
Oxford Industries, Inc. | 50,056 | 5,272,398 | |
PVH Corp. | 116,896 | 11,922,223 | |
Sun Hing Vision Group Holdings Ltd. | 1,788,449 | 144,214 | |
Texwinca Holdings Ltd. | 3,746,181 | 450,720 | |
VF Corp. (b) | 554,202 | 9,399,266 | |
Victory City International Holdings Ltd. (a)(d) | 4,590,144 | 170,379 | |
Wolverine World Wide, Inc. | 797,027 | 11,851,791 | |
Youngone Corp. | 39,664 | 1,124,951 | |
Youngone Holdings Co. Ltd. | 109,795 | 6,500,540 | |
92,301,563 | |||
TOTAL CONSUMER DISCRETIONARY | 589,102,312 | ||
CONSUMER STAPLES - 6.8% | |||
Beverages - 0.8% | |||
A.G. Barr PLC | 308,667 | 2,555,436 | |
Britvic PLC | 398,787 | 6,505,663 | |
Primo Water Corp. | 972,914 | 21,336,004 | |
Viva Wine Group AB | 342,900 | 1,476,085 | |
31,873,188 | |||
Consumer Staples Distribution & Retail - 4.4% | |||
Acomo NV | 17,292 | 323,008 | |
Alimentation Couche-Tard, Inc. (multi-vtg.) | 357,065 | 22,011,228 | |
Atacadao SA | 1,749,300 | 2,863,877 | |
Belc Co. Ltd. | 152,688 | 6,400,859 | |
BJ's Wholesale Club Holdings, Inc. (a) | 143,299 | 12,604,580 | |
Corporativo Fragua S.A.B. de CV (b) | 42,293 | 2,233,713 | |
Cosmos Pharmaceutical Corp. | 130,754 | 11,708,988 | |
Create SD Holdings Co. Ltd. | 440,884 | 9,918,087 | |
Eurocash SA (a) | 329,600 | 972,909 | |
G-7 Holdings, Inc. | 196,469 | 2,226,924 | |
Genky DrugStores Co. Ltd. | 305,983 | 7,036,557 | |
Halows Co. Ltd. | 179,288 | 5,487,370 | |
MARR SpA | 9,186 | 114,527 | |
MARR SpA | 1,869 | 23,302 | |
Metro, Inc. | 1,019,466 | 60,710,893 | |
North West Co., Inc. | 9,554 | 309,390 | |
Performance Food Group Co. (a) | 103,768 | 7,159,992 | |
Sprouts Farmers Market LLC (a) | 236,540 | 23,627,981 | |
YAKUODO Holdings Co. Ltd. | 19,831 | 375,294 | |
Yaoko Co. Ltd. | 109,248 | 6,688,117 | |
182,797,596 | |||
Food Products - 1.2% | |||
Armanino Foods of Distinction | 175,009 | 972,175 | |
Axyz Co. Ltd. | 2,538 | 49,877 | |
Carr's Group PLC | 706,751 | 1,271,989 | |
Century Pacific Food, Inc. | 2,839,946 | 1,679,577 | |
Delfi Ltd. | 391,362 | 245,937 | |
Food Empire Holdings Ltd. | 2,227,850 | 1,683,346 | |
Gruma S.A.B. de CV Series B | 62,532 | 1,169,081 | |
Inghams Group Ltd. | 731,779 | 1,804,122 | |
Ingredion, Inc. | 6,081 | 756,294 | |
Lamb Weston Holdings, Inc. | 286,446 | 17,192,489 | |
Nomad Foods Ltd. | 348,780 | 6,665,186 | |
Ottogi Corp. | 10,773 | 3,429,013 | |
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. | 44,955 | 340,002 | |
Rocky Mountain Chocolate Factory, Inc. (a) | 70,042 | 132,379 | |
S Foods, Inc. | 118,797 | 2,377,447 | |
Sunjin Co. Ltd. | 241,400 | 1,210,710 | |
Sunjuice Holdings Co. Ltd. | 22,000 | 120,132 | |
Tate & Lyle PLC | 986,685 | 8,339,946 | |
49,439,716 | |||
Household Products - 0.0% | |||
Transaction Co. Ltd. (b) | 68,005 | 817,122 | |
Personal Care Products - 0.3% | |||
Edgewell Personal Care Co. | 18,822 | 736,881 | |
Hengan International Group Co. Ltd. | 1,510,785 | 4,718,272 | |
Sarantis SA | 478,010 | 5,680,243 | |
TCI Co. Ltd. | 41,000 | 179,808 | |
11,315,204 | |||
Tobacco - 0.1% | |||
KT&G Corp. | 62,680 | 4,269,300 | |
Scandinavian Tobacco Group A/S (c) | 133,490 | 1,955,288 | |
6,224,588 | |||
TOTAL CONSUMER STAPLES | 282,467,414 | ||
ENERGY - 8.0% | |||
Energy Equipment & Services - 0.5% | |||
Cactus, Inc. | 189,826 | 11,981,817 | |
John Wood Group PLC (a) | 2,557,257 | 6,706,463 | |
PHX Energy Services Corp. | 152,032 | 1,163,929 | |
Total Energy Services, Inc. | 163,618 | 1,161,378 | |
Vallourec SA (a) | 47,890 | 776,398 | |
21,789,985 | |||
Oil, Gas & Consumable Fuels - 7.5% | |||
Antero Resources Corp. (a) | 650,450 | 18,876,059 | |
Cenovus Energy, Inc. (Canada) | 1,415,542 | 28,523,071 | |
China Petroleum & Chemical Corp. (H Shares) | 12,380,830 | 7,955,070 | |
Chord Energy Corp. | 218,869 | 37,571,053 | |
Civitas Resources, Inc. | 262,857 | 18,336,904 | |
CNX Resources Corp. (a) | 220,502 | 5,836,688 | |
Diamondback Energy, Inc. | 69,309 | 14,021,904 | |
Energy Transfer LP | 97,481 | 1,586,016 | |
Enterprise Products Partners LP | 249,345 | 7,196,097 | |
INPEX Corp. | 27,129 | 418,912 | |
Iwatani Corp. | 12,454 | 796,597 | |
NACCO Industries, Inc. Class A | 2,795 | 84,157 | |
Northern Oil & Gas, Inc. | 333,628 | 14,409,393 | |
Oil & Natural Gas Corp. Ltd. | 988,169 | 3,944,282 | |
Oil India Ltd. | 954,700 | 6,585,471 | |
Ovintiv, Inc. | 817,275 | 37,954,251 | |
Parkland Corp. | 308,374 | 8,650,509 | |
Petronet LNG Ltd. | 1,685,100 | 7,416,406 | |
Range Resources Corp. | 692,538 | 21,627,962 | |
Scorpio Tankers, Inc. | 11,000 | 843,480 | |
Shell PLC (London) | 117,973 | 4,301,754 | |
Southwestern Energy Co. (a) | 1,962,026 | 12,655,068 | |
TotalEnergies SE sponsored ADR (b) | 737,580 | 49,993,172 | |
Unit Corp. | 21,716 | 779,822 | |
310,364,098 | |||
TOTAL ENERGY | 332,154,083 | ||
FINANCIALS - 17.4% | |||
Banks - 7.1% | |||
ACNB Corp. (b) | 54,384 | 2,255,848 | |
AIB Group PLC | 1,038,699 | 5,957,900 | |
Associated Banc-Corp. | 652,645 | 14,997,782 | |
Bank of Ireland Group PLC | 500,822 | 5,677,603 | |
Bankinter SA | 93,342 | 796,841 | |
Bar Harbor Bankshares | 84,537 | 2,701,803 | |
Cadence Bank | 597,680 | 19,645,742 | |
Camden National Corp. | 43,193 | 1,800,284 | |
Central Pacific Financial Corp. | 18,652 | 486,631 | |
Citigroup, Inc. | 139,413 | 9,045,115 | |
Community Trust Bancorp, Inc. | 9,391 | 476,312 | |
East West Bancorp, Inc. | 122,257 | 10,745,168 | |
Eurobank Ergasias Services and Holdings SA | 1,785,157 | 4,091,947 | |
First Bancorp, Puerto Rico | 375,744 | 8,059,709 | |
First Foundation, Inc. | 2,988 | 20,916 | |
FNB Corp., Pennsylvania | 896,266 | 13,748,720 | |
Greene County Bancorp, Inc. | 29,325 | 1,063,031 | |
Intercorp Financial Services, Inc. | 80,150 | 1,824,214 | |
KeyCorp | 706,961 | 11,403,281 | |
National Bank of Greece SA | 423,045 | 3,713,086 | |
Nicolet Bankshares, Inc. | 30,593 | 3,076,432 | |
Oak Valley Bancorp Oakdale California | 16,201 | 461,242 | |
OFG Bancorp | 13,786 | 626,160 | |
Plumas Bancorp | 24,688 | 1,068,250 | |
QCR Holdings, Inc. | 79,970 | 6,112,907 | |
Southern Missouri Bancorp, Inc. | 39,197 | 2,242,068 | |
Spar Nord Bank A/S | 67,666 | 1,379,737 | |
Sparebank 1 Oestlandet | 301,127 | 4,152,619 | |
Sparebank 1 Sr Bank ASA (primary capital certificate) | 175,332 | 2,252,997 | |
Sparebanken Nord-Norge | 320,909 | 3,173,618 | |
Synovus Financial Corp. | 479,771 | 22,429,294 | |
The First Bancorp, Inc. | 23,060 | 649,139 | |
U.S. Bancorp | 310,942 | 13,955,077 | |
Union Bankshares, Inc. (b) | 16,960 | 410,432 | |
United Community Bank, Inc. | 471,500 | 14,592,925 | |
Unity Bancorp, Inc. | 8,386 | 290,323 | |
Washington Trust Bancorp, Inc. | 99,208 | 3,175,648 | |
Webster Financial Corp. | 200,279 | 9,937,844 | |
Wells Fargo & Co. | 1,149,025 | 68,183,144 | |
West Bancorp., Inc. | 102,932 | 2,134,810 | |
Wintrust Financial Corp. | 133,241 | 14,416,676 | |
293,233,275 | |||
Capital Markets - 2.6% | |||
ABG Sundal Collier ASA | 730,434 | 440,513 | |
Antin Infrastructure Partners SA | 163,452 | 2,214,737 | |
Azimut Holding SpA | 15,181 | 380,510 | |
Banca Generali SpA | 54,023 | 2,350,349 | |
Bank of New York Mellon Corp. | 14,910 | 970,194 | |
DWS Group GmbH & Co. KGaA (c) | 19,961 | 756,098 | |
Federated Hermes, Inc. | 370,447 | 12,717,446 | |
Korea Ratings Corp. | 10,600 | 670,920 | |
Lazard, Inc. Class A | 380,912 | 18,729,443 | |
LPL Financial | 36,535 | 8,093,233 | |
Patria Investments Ltd. | 34,851 | 453,412 | |
Rathbone Brothers PLC | 404,810 | 10,012,563 | |
Raymond James Financial, Inc. | 230,320 | 26,717,120 | |
SEI Investments Co. | 1,010 | 68,518 | |
Stifel Financial Corp. | 171,220 | 15,182,077 | |
Van Lanschot Kempen NV (Bearer) | 120,530 | 5,211,222 | |
Vontobel Holdings AG | 35,330 | 2,318,437 | |
107,286,792 | |||
Consumer Finance - 0.9% | |||
Aeon Credit Service (Asia) Co. Ltd. | 2,012,873 | 1,468,526 | |
Discover Financial Services | 177,476 | 25,554,769 | |
OneMain Holdings, Inc. | 176,493 | 9,223,524 | |
36,246,819 | |||
Financial Services - 1.8% | |||
ASAX Co. Ltd. | 2,253 | 11,580 | |
Corpay, Inc. (a) | 88,034 | 25,690,082 | |
Enact Holdings, Inc. | 28,911 | 983,841 | |
Essent Group Ltd. | 234,623 | 14,743,709 | |
EVERTEC, Inc. | 373,712 | 12,881,853 | |
Far East Horizon Ltd. | 455,216 | 310,553 | |
Federal Agricultural Mortgage Corp.: | |||
Class A (multi-vtg.) (b) | 645 | 106,148 | |
Class C (non-vtg.) | 45,490 | 9,380,948 | |
Fuyo General Lease Co. Ltd. | 16,443 | 1,354,472 | |
Nice Information & Telecom, Inc. | 46,280 | 684,171 | |
Tokyo Century Corp. | 77,156 | 831,279 | |
Zenkoku Hosho Co. Ltd. | 224,494 | 9,334,623 | |
76,313,259 | |||
Insurance - 5.0% | |||
American Financial Group, Inc. | 106,981 | 14,010,232 | |
ASR Nederland NV | 265,757 | 13,336,731 | |
Aub Group Ltd. | 34,039 | 718,546 | |
Db Insurance Co. Ltd. | 24,290 | 1,959,457 | |
Direct Line Insurance Group PLC | 6,995,387 | 16,951,654 | |
First American Financial Corp. | 102,340 | 6,199,757 | |
Grupo Catalana Occidente SA | 61,763 | 2,673,720 | |
Hartford Financial Services Group, Inc. | 84,497 | 9,372,407 | |
Hiscox Ltd. | 42,447 | 693,556 | |
NN Group NV | 158,943 | 7,971,224 | |
Primerica, Inc. | 57,303 | 14,427,176 | |
Qualitas Controladora S.A.B. de CV | 116,537 | 1,074,235 | |
Reinsurance Group of America, Inc. | 193,879 | 43,706,143 | |
Selective Insurance Group, Inc. | 200,239 | 18,085,586 | |
Stewart Information Services Corp. | 72,264 | 5,109,065 | |
Talanx AG | 34,922 | 2,655,052 | |
The Travelers Companies, Inc. | 3,486 | 754,510 | |
Unum Group | 808,408 | 46,507,712 | |
206,206,763 | |||
TOTAL FINANCIALS | 719,286,908 | ||
HEALTH CARE - 10.9% | |||
Biotechnology - 0.4% | |||
Essex Bio-Technology Ltd. | 1,230,042 | 392,021 | |
Gilead Sciences, Inc. | 188,898 | 14,367,582 | |
Regeneron Pharmaceuticals, Inc. (a) | 768 | 828,818 | |
United Therapeutics Corp. (a) | 4,938 | 1,547,026 | |
17,135,447 | |||
Health Care Equipment & Supplies - 0.8% | |||
Dentsply Sirona, Inc. | 402,303 | 10,918,503 | |
Embecta Corp. | 275,281 | 4,313,653 | |
Fukuda Denshi Co. Ltd. | 202,991 | 9,173,586 | |
InBody Co. Ltd. | 85,500 | 1,504,282 | |
Interojo Co. Ltd. (d) | 15,800 | 287,212 | |
Nakanishi, Inc. | 50,238 | 873,267 | |
Prim SA | 128,489 | 1,508,771 | |
Techno Medica Co. Ltd. | 3,243 | 38,837 | |
Utah Medical Products, Inc. | 24,059 | 1,674,506 | |
Value Added Technology Co. Ltd. | 63,387 | 1,189,267 | |
Vieworks Co. Ltd. | 43,800 | 844,159 | |
Zimmer Biomet Holdings, Inc. | 3,926 | 437,160 | |
32,763,203 | |||
Health Care Providers & Services - 8.2% | |||
Centene Corp. (a) | 398,559 | 30,657,158 | |
Ci Medical Co. Ltd. | 70,328 | 464,769 | |
Cigna Group | 126,016 | 43,937,999 | |
CVS Health Corp. | 291,932 | 17,612,258 | |
Elevance Health, Inc. | 94,312 | 50,176,813 | |
Henry Schein, Inc. (a) | 161,328 | 11,605,936 | |
Hi-Clearance, Inc. | 263,882 | 1,122,327 | |
Humana, Inc. | 58,104 | 21,010,987 | |
Labcorp Holdings, Inc. | 88,149 | 18,990,821 | |
Medica Sur SA de CV | 148,363 | 285,641 | |
Quest Diagnostics, Inc. | 57,233 | 8,144,256 | |
Select Medical Holdings Corp. | 16,362 | 650,553 | |
Ship Healthcare Holdings, Inc. | 250,290 | 3,842,776 | |
Sinopharm Group Co. Ltd. (H Shares) | 5,484,788 | 12,889,113 | |
UnitedHealth Group, Inc. | 121,094 | 69,769,525 | |
Universal Health Services, Inc. Class B | 207,089 | 44,267,345 | |
WIN-Partners Co. Ltd. | 313,422 | 2,581,775 | |
338,010,052 | |||
Health Care Technology - 0.0% | |||
Software Service, Inc. | 6,159 | 576,822 | |
Life Sciences Tools & Services - 0.6% | |||
ICON PLC (a) | 74,325 | 24,411,303 | |
Pharmaceuticals - 0.9% | |||
China Medical System Holdings Ltd. | 1,504,706 | 1,248,007 | |
Consun Pharmaceutical Group Ltd. | 504,521 | 361,624 | |
Dai Han Pharmaceutical Co. Ltd. | 50,300 | 1,035,531 | |
Dawnrays Pharmaceutical Holdings Ltd. | 9,506,458 | 1,387,120 | |
DongKook Pharmaceutical Co. Ltd. | 180,280 | 2,321,625 | |
Faes Farma SA | 491,182 | 1,884,457 | |
Genomma Lab Internacional SA de CV | 284,651 | 293,956 | |
Granules India Ltd. | 73,527 | 553,333 | |
Huons Co. Ltd. | 78,866 | 1,879,832 | |
Hypera SA (a) | 799,200 | 4,069,369 | |
Jazz Pharmaceuticals PLC (a) | 2,809 | 309,692 | |
Korea United Pharm, Inc. | 4,980 | 83,982 | |
Kwang Dong Pharmaceutical Co. Ltd. | 450,892 | 2,198,847 | |
Recordati SpA | 79,987 | 4,358,595 | |
Sanofi SA | 141,516 | 14,589,243 | |
Sanofi SA sponsored ADR | 4,071 | 210,919 | |
Syngen Biotech Co. Ltd. | 35,000 | 170,815 | |
36,956,947 | |||
TOTAL HEALTH CARE | 449,853,774 | ||
INDUSTRIALS - 15.9% | |||
Aerospace & Defense - 0.9% | |||
Cadre Holdings, Inc. | 200,557 | 7,360,442 | |
Huntington Ingalls Industries, Inc. | 78,733 | 22,043,665 | |
Leonardo DRS, Inc. (a) | 56,137 | 1,583,063 | |
QinetiQ Group PLC | 361,867 | 2,247,837 | |
Rheinmetall AG | 3,462 | 1,887,612 | |
V2X, Inc. (a) | 59,535 | 3,103,560 | |
38,226,179 | |||
Air Freight & Logistics - 0.4% | |||
AIT Corp. | 20,856 | 270,089 | |
AZ-Com Maruwa Holdings, Inc. | 36,817 | 319,496 | |
Compania de Distribucion Integral Logista Holdings SA | 163,759 | 4,841,874 | |
Hamakyorex Co. Ltd. | 158,491 | 5,051,864 | |
Radiant Logistics, Inc. (a) | 31,402 | 195,320 | |
SENKO Co. Ltd. | 63,487 | 488,215 | |
Sinotrans Ltd. (H Shares) | 4,557,269 | 2,117,395 | |
Trancom Co. Ltd. | 50,662 | 2,259,085 | |
15,543,338 | |||
Building Products - 1.0% | |||
Builders FirstSource, Inc. (a) | 65,727 | 11,000,728 | |
Hayward Holdings, Inc. (a) | 1,374,482 | 20,328,589 | |
Inwido AB | 2,444 | 40,371 | |
Janus International Group, Inc. (a) | 381,515 | 5,501,446 | |
Kondotec, Inc. | 203,625 | 1,886,663 | |
Nihon Dengi Co. Ltd. | 39,355 | 1,549,978 | |
Nihon Flush Co. Ltd. | 143,122 | 888,511 | |
Sekisui Jushi Corp. | 16,842 | 284,888 | |
41,481,174 | |||
Commercial Services & Supplies - 1.4% | |||
Aeon Delight Co. Ltd. | 25,318 | 661,660 | |
AJIS Co. Ltd. | 91,126 | 1,461,130 | |
Brady Corp. Class A | 122,082 | 8,742,292 | |
Civeo Corp. | 140,998 | 3,835,146 | |
CoreCivic, Inc. (a) | 442,780 | 6,172,353 | |
CTS Co. Ltd. | 41,732 | 232,053 | |
Fursys, Inc. | 30,878 | 990,727 | |
Lion Rock Group Ltd. | 1,926,506 | 362,475 | |
Mitie Group PLC | 6,017,222 | 9,375,353 | |
Pilot Corp. | 593 | 17,924 | |
Prestige International, Inc. | 353,401 | 1,684,378 | |
Prosegur Compania de Seguridad SA (Reg.) | 36,900 | 68,529 | |
S1 Corp. | 98,710 | 4,057,099 | |
Societe BIC SA | 5,261 | 330,236 | |
Takkt AG | 230,310 | 2,667,007 | |
The GEO Group, Inc. (a) | 179,216 | 2,598,632 | |
VSE Corp. | 150,317 | 13,376,710 | |
56,633,704 | |||
Construction & Engineering - 0.6% | |||
Boustead Singapore Ltd. | 735,764 | 550,433 | |
Bowman Consulting Group Ltd. (a) | 76,011 | 2,715,113 | |
Dai-Dan Co. Ltd. | 25,225 | 522,837 | |
Daiichi Kensetsu Corp. | 138,352 | 2,182,342 | |
EMCOR Group, Inc. | 34,980 | 13,132,891 | |
Fuji Furukawa Engineering & Construction Co. Ltd. | 1,810 | 76,965 | |
Geumhwa PSC Co. Ltd. | 6,177 | 115,216 | |
Mirait One Corp. | 40,876 | 583,923 | |
Nippon Rietec Co. Ltd. | 19,117 | 160,919 | |
Norconsult A/S | 159,078 | 479,686 | |
Raiznext Corp. | 459,834 | 5,697,086 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 10,542 | 6,720 | |
United Integrated Services Co. | 32,200 | 338,810 | |
26,562,941 | |||
Electrical Equipment - 1.2% | |||
Acuity Brands, Inc. | 90,060 | 22,636,581 | |
Aichi Electric Co. Ltd. | 46,555 | 1,354,960 | |
Allient, Inc. | 27,043 | 782,624 | |
AQ Group AB | 544,942 | 7,258,294 | |
Chiyoda Integre Co. Ltd. | 42,246 | 956,002 | |
GrafTech International Ltd. | 2,421,227 | 1,859,744 | |
Korea Electric Terminal Co. Ltd. | 59,986 | 2,693,215 | |
nVent Electric PLC | 62,968 | 4,573,366 | |
Sensata Technologies PLC | 51,901 | 2,023,620 | |
TKH Group NV (bearer) (depositary receipt) | 126,810 | 5,544,501 | |
Vitzrocell Co. Ltd. | 12,100 | 177,111 | |
Volex PLC | 177,729 | 809,960 | |
50,669,978 | |||
Ground Transportation - 0.6% | |||
Proficient Auto Logistics, Inc. | 208,468 | 4,200,630 | |
Sakai Moving Service Co. Ltd. | 327,527 | 5,835,383 | |
Stef SA | 36,147 | 5,249,916 | |
Universal Logistics Holdings, Inc. | 192,784 | 8,295,496 | |
23,581,425 | |||
Industrial Conglomerates - 0.5% | |||
DCC PLC (United Kingdom) | 247,566 | 17,058,654 | |
Metlen Energy & Metals SA | 85,567 | 3,378,226 | |
20,436,880 | |||
Machinery - 3.0% | |||
Aalberts Industries NV | 613,579 | 23,440,819 | |
Allison Transmission Holdings, Inc. | 9,907 | 877,661 | |
Beijer Alma AB (B Shares) | 206,033 | 4,213,314 | |
Crane Co. | 52,707 | 8,455,257 | |
Daiwa Industries Ltd. | 107,816 | 1,140,739 | |
EnPro Industries, Inc. | 63,780 | 10,902,553 | |
ESAB Corp. | 98,699 | 10,027,818 | |
Estic Corp. | 47,401 | 292,687 | |
Haitian International Holdings Ltd. | 979,096 | 2,838,468 | |
Hillenbrand, Inc. | 486,751 | 21,528,997 | |
Hosokawa Micron Corp. | 13,902 | 379,555 | |
Hy-Lok Corp. | 11,000 | 224,852 | |
IHI Corp. | 22,281 | 812,825 | |
ITT, Inc. | 48,059 | 6,798,426 | |
JOST Werke AG (c) | 9,635 | 435,869 | |
Luxfer Holdings PLC sponsored | 92,263 | 1,193,883 | |
Miller Industries, Inc. | 46,729 | 3,174,768 | |
Mincon Group PLC | 214,648 | 92,921 | |
Nadex Co. Ltd. | 86,207 | 643,366 | |
Precision Tsugami China Corp. Ltd. | 131,167 | 161,674 | |
Semperit AG Holding | 173 | 2,007 | |
Shinwa Co. Ltd. | 12,305 | 219,889 | |
SIMPAC, Inc. | 127,420 | 350,226 | |
Stabilus Se | 9,059 | 443,636 | |
Takeuchi Manufacturing Co. Ltd. | 67,016 | 2,183,092 | |
Teikoku Electric Manufacturing Co. Ltd. | 7,217 | 130,075 | |
Terex Corp. | 168,829 | 10,680,123 | |
Timken Co. | 104,438 | 9,080,884 | |
TK Group Holdings Ltd. | 955,332 | 227,435 | |
Tocalo Co. Ltd. | 300,840 | 3,980,274 | |
Trinity Industrial Corp. | 141,565 | 1,089,579 | |
Yamada Corp. | 7,840 | 314,008 | |
126,337,680 | |||
Marine Transportation - 0.1% | |||
Irish Continental Group PLC unit | 636,620 | 3,706,723 | |
SITC International Holdings Co. Ltd. | 981,236 | 2,185,311 | |
5,892,034 | |||
Passenger Airlines - 0.1% | |||
Jet2 PLC | 209,014 | 3,815,511 | |
Professional Services - 3.0% | |||
Altech Corp. | 42,152 | 756,628 | |
Artner Co. Ltd. (b) | 29,213 | 365,443 | |
Barrett Business Services, Inc. | 98,440 | 3,587,154 | |
CACI International, Inc. (a) | 27,313 | 12,604,403 | |
Careerlink Co. Ltd. | 22,058 | 361,486 | |
Concentrix Corp. | 249,853 | 17,614,637 | |
Creek & River Co. Ltd. | 1,839 | 17,923 | |
E-Credible Co. Ltd. | 27,075 | 243,119 | |
Gakujo Co. Ltd. | 34,773 | 441,263 | |
Genpact Ltd. | 613,457 | 21,268,554 | |
Hito Communications Holdings, Inc. | 22,330 | 142,204 | |
HRnetgroup Ltd. | 563,973 | 286,902 | |
IFIS Japan Ltd. | 22,923 | 91,199 | |
KBR, Inc. | 311,066 | 20,713,885 | |
Leidos Holdings, Inc. | 5,335 | 770,374 | |
Maximus, Inc. | 206,130 | 19,147,416 | |
Multiconsult A/S (c) | 29,552 | 452,329 | |
Open Up Group, Inc. | 12,485 | 181,351 | |
Persol Holdings Co. Ltd. | 1,367,704 | 2,360,078 | |
Quick Co. Ltd. | 132,113 | 1,916,368 | |
Science Applications International Corp. | 67,337 | 8,376,723 | |
Synergie SA | 15,328 | 539,134 | |
Verra Mobility Corp. (a) | 305,124 | 9,193,386 | |
WDB Holdings Co. Ltd. | 106,152 | 1,305,952 | |
Will Group, Inc. | 132,026 | 918,334 | |
Wilmington PLC | 330,292 | 1,677,197 | |
125,333,442 | |||
Trading Companies & Distributors - 3.0% | |||
AerCap Holdings NV | 32,454 | 3,049,053 | |
Alligo AB (B Shares) | 29,510 | 387,985 | |
Beacon Roofing Supply, Inc. (a) | 149,137 | 15,331,284 | |
Bergman & Beving AB (B Shares) | 50,225 | 1,486,696 | |
Bossard Holding AG (b) | 9,440 | 2,403,691 | |
Chori Co. Ltd. | 152,234 | 3,856,534 | |
Core & Main, Inc. (a) | 283,075 | 15,136,020 | |
Ferguson PLC | 48,104 | 10,710,356 | |
Global Industrial Co. | 172,938 | 6,032,077 | |
Goodfellow, Inc. | 128,159 | 1,316,260 | |
Green Cross Co. Ltd. | 59,623 | 515,415 | |
Horizon Construction Development Ltd. (a) | 88,101 | 16,802 | |
Inaba Denki Sangyo Co. Ltd. | 46,654 | 1,233,269 | |
Itochu Corp. | 401,458 | 20,588,154 | |
Kamei Corp. | 20,649 | 312,206 | |
KS Energy Services Ltd. (d) | 921,857 | 7 | |
Lumax International Corp. Ltd. | 148,200 | 537,877 | |
Mitani Shoji Co. Ltd. | 383,793 | 4,242,590 | |
Momentum Group Komponenter & Tjanster AB | 226,416 | 3,822,509 | |
Parker Corp. | 207,246 | 1,189,757 | |
Richelieu Hardware Ltd. | 87,894 | 2,596,109 | |
RS GROUP PLC | 1,323,492 | 13,917,576 | |
Rush Enterprises, Inc. Class A | 12,263 | 625,536 | |
Sanyo Trading Co. Ltd. | 15,939 | 161,193 | |
Senshu Electric Co. Ltd. | 158,571 | 5,440,773 | |
Thermador Groupe SA | 3,953 | 326,422 | |
Totech Corp. | 303,811 | 5,210,043 | |
Yamazen Co. Ltd. | 16,566 | 172,400 | |
Yuasa Trading Co. Ltd. | 57,364 | 2,155,865 | |
122,774,459 | |||
Transportation Infrastructure - 0.1% | |||
Athens International Airport SA | 85,569 | 737,337 | |
Daito Koun Co. Ltd. | 2,374 | 12,488 | |
Isewan Terminal Service Co. Ltd. | 37,749 | 183,195 | |
Qingdao Port International Co. Ltd. (H Shares) (c) | 2,389,229 | 1,782,858 | |
2,715,878 | |||
TOTAL INDUSTRIALS | 660,004,623 | ||
INFORMATION TECHNOLOGY - 13.0% | |||
Electronic Equipment, Instruments & Components - 5.9% | |||
Advanced Energy Industries, Inc. | 155,079 | 18,046,543 | |
Belden, Inc. | 165,422 | 15,332,965 | |
CDW Corp. | 45,048 | 9,825,419 | |
Crane NXT Co. | 316,395 | 19,894,918 | |
Daiwabo Holdings Co. Ltd. | 208,637 | 3,967,870 | |
Dexerials Corp. | 69,886 | 3,419,075 | |
Flex Ltd. (a) | 283,557 | 9,116,358 | |
FLEXium Interconnect, Inc. | 64,700 | 175,838 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 1,004,900 | 6,191,919 | |
IDIS Holdings Co. Ltd. | 58,549 | 418,454 | |
Insight Enterprises, Inc. (a) | 84,552 | 18,981,924 | |
Jabil, Inc. | 101,848 | 11,475,214 | |
Kingboard Chemical Holdings Ltd. | 8,073,912 | 16,472,626 | |
Makus, Inc. | 69,400 | 491,954 | |
Maruwa Ceramic Co. Ltd. | 10,382 | 2,813,719 | |
Methode Electronics, Inc. | 304,424 | 3,854,008 | |
Nippo Ltd. | 80,895 | 920,163 | |
PAX Global Technology Ltd. | 7,018,836 | 3,934,864 | |
Redington (India) Ltd. | 4,188,922 | 10,622,921 | |
Riken Keiki Co. Ltd. | 33,110 | 981,332 | |
SAMT Co. Ltd. | 8,500 | 21,936 | |
Sesa SpA | 38,274 | 4,204,337 | |
Shibaura Electronics Co. Ltd. | 113,048 | 2,271,449 | |
Simplo Technology Co. Ltd. | 827,000 | 9,128,594 | |
Strix Group PLC | 378,631 | 404,488 | |
TD SYNNEX Corp. | 286,785 | 34,176,168 | |
Test Research, Inc. | 16,000 | 72,215 | |
Thinking Electronic Industries Co. Ltd. | 569,900 | 2,899,207 | |
Tripod Technology Corp. | 504,000 | 3,106,586 | |
Vontier Corp. | 572,690 | 22,466,629 | |
VSTECS Holdings Ltd. | 11,943,375 | 6,573,339 | |
Yageo Corp. | 175,000 | 4,286,149 | |
246,549,181 | |||
IT Services - 2.4% | |||
Alten SA | 15,185 | 1,672,978 | |
Amdocs Ltd. | 391,556 | 34,249,403 | |
Argo Graphics, Inc. | 106,457 | 3,638,462 | |
Asahi Intelligence Service Co. | 4,373 | 46,122 | |
Avant Group Corp. | 29,026 | 265,449 | |
CDS Co. Ltd. | 9,614 | 115,903 | |
Cognizant Technology Solutions Corp. Class A | 306,665 | 23,208,407 | |
Densan System Holdings Co. Ltd. | 19,093 | 366,171 | |
Dimerco Data System Corp. | 177,318 | 639,887 | |
DTS Corp. | 88,223 | 2,550,019 | |
Econocom Group SA | 595,778 | 1,276,666 | |
Exclusive Networks SA (a) | 60,251 | 1,516,055 | |
Future Corp. | 46,949 | 537,169 | |
Gabia, Inc. | 97,100 | 998,086 | |
Himacs Ltd. | 3,437 | 32,923 | |
Indra Sistemas SA (b) | 499,814 | 10,028,725 | |
Information Planning Co. | 15,143 | 454,376 | |
Know IT AB (b) | 47,656 | 726,241 | |
Neurones | 8,893 | 405,189 | |
Proact IT Group AB | 86,317 | 1,289,613 | |
Sopra Steria Group | 57,599 | 10,696,946 | |
TDC Soft, Inc. | 137,588 | 1,185,715 | |
TIS, Inc. | 117,890 | 2,541,869 | |
98,442,374 | |||
Semiconductors & Semiconductor Equipment - 2.6% | |||
ASMPT Ltd. | 270,823 | 2,825,099 | |
Diodes, Inc. (a) | 142,947 | 11,178,455 | |
Japan Material Co. Ltd. | 11,451 | 152,726 | |
Machvision, Inc. | 22,000 | 218,057 | |
Melexis NV | 12,562 | 1,095,095 | |
Micron Technology, Inc. | 60,893 | 6,687,269 | |
MKS Instruments, Inc. | 191,782 | 24,145,354 | |
Novatek Microelectronics Corp. | 10,000 | 161,980 | |
Parade Technologies Ltd. | 69,000 | 1,572,805 | |
Powertech Technology, Inc. | 864,000 | 4,363,540 | |
Renesas Electronics Corp. | 632,934 | 10,901,575 | |
Skyworks Solutions, Inc. | 147,907 | 16,805,193 | |
Sumco Corp. | 278,799 | 4,583,565 | |
Systems Technology, Inc. | 24,400 | 506,778 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 526,000 | 15,411,157 | |
Topco Scientific Co. Ltd. | 841,031 | 6,947,845 | |
107,556,493 | |||
Software - 0.4% | |||
Cresco Ltd. | 160,374 | 1,431,328 | |
Focus Systems Corp. | 34,489 | 296,301 | |
Fukui Computer Holdings, Inc. | 25,241 | 434,879 | |
Hecto Innovation Co. Ltd. | 71,300 | 681,358 | |
Justsystems Corp. | 56,016 | 1,183,476 | |
KSK Co., Ltd. | 82,507 | 1,834,040 | |
Linedata Services | 2,941 | 229,805 | |
NetGem SA | 52,090 | 44,310 | |
NSW, Inc. | 22,287 | 485,001 | |
Open Text Corp. | 195,598 | 6,165,520 | |
Pinewood Technologies Group PLC | 699,857 | 3,198,438 | |
Pro-Ship, Inc. | 71,944 | 713,653 | |
System Research Co. Ltd. | 33,039 | 338,319 | |
17,036,428 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Dell Technologies, Inc. | 56,588 | 6,432,924 | |
Elecom Co. Ltd. | 69,785 | 768,168 | |
MCJ Co. Ltd. | 339,884 | 3,106,046 | |
Samsung Electronics Co. Ltd. | 267,490 | 16,383,833 | |
Seagate Technology Holdings PLC | 388,434 | 39,686,302 | |
TSC Auto ID Technology Corp. | 360,046 | 2,125,045 | |
68,502,318 | |||
TOTAL INFORMATION TECHNOLOGY | 538,086,794 | ||
MATERIALS - 5.1% | |||
Chemicals - 2.4% | |||
Axalta Coating Systems Ltd. (a) | 566,631 | 20,200,395 | |
C. Uyemura & Co. Ltd. | 108,879 | 7,900,369 | |
Celanese Corp. | 106,931 | 15,093,311 | |
EcoGreen International Group Ltd. (d) | 6,170,931 | 8 | |
Element Solutions, Inc. | 511,489 | 13,784,629 | |
Jcu Corp. | 45,064 | 1,134,083 | |
LyondellBasell Industries NV Class A | 281,743 | 28,022,159 | |
Miwon Commercial Co. Ltd. | 5,490 | 815,610 | |
Muto Seiko Co. Ltd. | 25,357 | 294,186 | |
Scientex Bhd | 9,800 | 9,044 | |
Soulbrain Co. Ltd. | 11,200 | 2,154,491 | |
Tronox Holdings PLC | 610,103 | 9,859,264 | |
Yip's Chemical Holdings Ltd. | 785,273 | 152,776 | |
99,420,325 | |||
Construction Materials - 0.9% | |||
Buzzi SpA | 59,955 | 2,352,777 | |
Eagle Materials, Inc. | 55,575 | 15,133,073 | |
GCC S.A.B. de CV | 20,197 | 171,486 | |
Mitani Sekisan Co. Ltd. | 130,084 | 4,888,842 | |
RHI Magnesita NV | 34,416 | 1,623,736 | |
SigmaRoc PLC (a) | 3,890,628 | 3,626,158 | |
Vertex Corp. | 3,603 | 49,257 | |
Wienerberger AG | 255,941 | 9,074,263 | |
36,919,592 | |||
Containers & Packaging - 1.0% | |||
Chuoh Pack Industry Co. Ltd. | 48,166 | 453,993 | |
Corticeira Amorim SGPS SA | 220,697 | 2,173,529 | |
Groupe Guillin SA | 48,884 | 1,584,496 | |
International Paper Co. | 19,400 | 901,712 | |
Kohsoku Corp. | 212,325 | 3,543,356 | |
Mayr-Melnhof Karton AG | 33,734 | 3,848,009 | |
Packaging Corp. of America | 72,058 | 14,402,232 | |
Silgan Holdings, Inc. | 150,802 | 7,755,747 | |
The Pack Corp. (b) | 178,723 | 4,682,673 | |
39,345,747 | |||
Metals & Mining - 0.4% | |||
Boliden AB | 19,067 | 581,489 | |
CK-SAN-ETSU Co. Ltd. | 4,474 | 111,996 | |
Hill & Smith Holdings PLC | 81,578 | 2,412,070 | |
PRL Global Ltd. | 20,327 | 14,157 | |
Warrior Metropolitan Coal, Inc. | 221,167 | 15,284,851 | |
18,404,563 | |||
Paper & Forest Products - 0.4% | |||
Miquel y Costas & Miquel SA | 60,792 | 838,850 | |
Stella-Jones, Inc. | 217,105 | 14,606,804 | |
Sylvamo Corp. | 7,349 | 541,695 | |
Western Forest Products, Inc. (b) | 448,073 | 134,683 | |
16,122,032 | |||
TOTAL MATERIALS | 210,212,259 | ||
REAL ESTATE - 1.6% | |||
Equity Real Estate Investment Trusts (REITs) - 0.5% | |||
Camden Property Trust (SBI) | 53,598 | 5,935,979 | |
Mapletree Industrial (REIT) | 623,595 | 1,077,657 | |
Mid-America Apartment Communities, Inc. | 71,457 | 9,987,545 | |
STAG Industrial, Inc. | 103,905 | 4,240,363 | |
21,241,544 | |||
Real Estate Management & Development - 1.1% | |||
Branicks Group AG (a)(b) | 152,540 | 354,110 | |
Instone Real Estate Group BV (c) | 144,497 | 1,476,245 | |
Jones Lang LaSalle, Inc. (a) | 108,360 | 27,187,524 | |
LandBridge Co. LLC | 57,797 | 1,905,567 | |
LSL Property Services PLC | 198,002 | 870,532 | |
Real Matters, Inc. (a) | 529,398 | 2,921,821 | |
Robinsons Land Corp. | 3,914,815 | 991,874 | |
Savills PLC | 534,371 | 8,765,618 | |
Selvaag Bolig ASA | 63,288 | 218,683 | |
Servcorp Ltd. | 108,550 | 310,210 | |
Tejon Ranch Co. (a) | 60,011 | 1,140,209 | |
46,142,393 | |||
TOTAL REAL ESTATE | 67,383,937 | ||
UTILITIES - 1.9% | |||
Electric Utilities - 1.7% | |||
Kansai Electric Power Co., Inc. | 385,430 | 6,596,941 | |
PG&E Corp. | 3,390,486 | 61,876,370 | |
Power Grid Corp. of India Ltd. | 5,733 | 23,842 | |
Southern Co. | 13,780 | 1,150,906 | |
69,648,059 | |||
Gas Utilities - 0.1% | |||
China Resource Gas Group Ltd. | 622,515 | 2,111,476 | |
Independent Power and Renewable Electricity Producers - 0.1% | |||
Mega First Corp. Bhd | 4,891,000 | 5,152,343 | |
TOTAL UTILITIES | 76,911,878 | ||
TOTAL COMMON STOCKS (Cost $3,163,791,293) | 3,968,679,884 | ||
Nonconvertible Bonds - 0.0% | |||
Principal Amount (e) | Value ($) | ||
ENERGY - 0.0% | |||
Energy Equipment & Services - 0.0% | |||
Bristow Group, Inc. 6.25% (d)(f) (Cost $0) | 388,666 | 0 | |
Money Market Funds - 4.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 165,709,010 | 165,742,152 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 31,292,228 | 31,295,357 | |
TOTAL MONEY MARKET FUNDS (Cost $197,037,508) | 197,037,509 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $3,360,828,801) | 4,165,717,393 |
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (23,540,020) |
NET ASSETS - 100.0% | 4,142,177,373 |
(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 $9,700,102 or 0.2% of net assets. |
(d) | Level 3 security |
(e) | Amount is stated in United States dollars unless otherwise noted. |
(f) | Non-income producing - Security is in default. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 | 1,005,340,290 | 948,627,497 | 5,673,207 | (3,998) | - | 165,742,152 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.39% | 33,475,452 | 524,987,937 | 527,168,032 | 125,932 | - | - | 31,295,357 | 0.1% |
Total | 142,508,809 | 1,530,328,227 | 1,475,795,529 | 5,799,139 | (3,998) | - | 197,037,509 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 43,215,902 | 32,454,590 | 10,761,312 | - |
Consumer Discretionary | 589,102,312 | 583,926,272 | 5,005,661 | 170,379 |
Consumer Staples | 282,467,414 | 282,167,460 | 299,940 | 14 |
Energy | 332,154,083 | 327,433,417 | 4,720,666 | - |
Financials | 719,286,908 | 719,286,908 | - | - |
Health Care | 449,853,774 | 433,684,177 | 15,882,385 | 287,212 |
Industrials | 660,004,623 | 637,726,950 | 22,277,666 | 7 |
Information Technology | 538,086,794 | 465,300,830 | 72,785,964 | - |
Materials | 210,212,259 | 210,212,251 | - | 8 |
Real Estate | 67,383,937 | 67,383,937 | - | - |
Utilities | 76,911,878 | 70,314,937 | 6,596,941 | - |
Corporate Bonds | - | - | - | - |
Money Market Funds | 197,037,509 | 197,037,509 | - | - |
Total Investments in Securities: | 4,165,717,393 | 4,026,929,238 | 138,330,535 | 457,620 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $30,146,911) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,163,791,293) | $ | 3,968,679,884 | ||
Fidelity Central Funds (cost $197,037,508) | 197,037,509 | |||
Total Investment in Securities (cost $3,360,828,801) | $ | 4,165,717,393 | ||
Foreign currency held at value (cost $312,332) | 312,448 | |||
Receivable for investments sold | 4,773,605 | |||
Receivable for fund shares sold | 2,535,187 | |||
Dividends receivable | 6,007,368 | |||
Distributions receivable from Fidelity Central Funds | 671,717 | |||
Other receivables | 189,124 | |||
Total assets | 4,180,206,842 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,316,033 | ||
Payable for fund shares redeemed | 1,255,051 | |||
Accrued management fee | 1,672,224 | |||
Deferred taxes | 2,265,666 | |||
Other payables and accrued expenses | 226,547 | |||
Collateral on securities loaned | 31,293,948 | |||
Total liabilities | 38,029,469 | |||
Net Assets | $ | 4,142,177,373 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,057,466,689 | ||
Total accumulated earnings (loss) | 1,084,710,684 | |||
Net Assets | $ | 4,142,177,373 | ||
Net Asset Value, offering price and redemption price per share ($4,142,177,373 ÷ 246,197,892 shares) | $ | 16.82 |
Statement of Operations | ||||
Year ended July 31, 2024 | ||||
Investment Income | ||||
Dividends | $ | 85,544,700 | ||
Interest | 1,239 | |||
Income from Fidelity Central Funds (including $125,932 from security lending) | 5,799,139 | |||
Total income | 91,345,078 | |||
Expenses | ||||
Management fee | $ | 17,777,582 | ||
Independent trustees' fees and expenses | 16,782 | |||
Miscellaneous | 43,482 | |||
Total expenses before reductions | 17,837,846 | |||
Expense reductions | (4,447) | |||
Total expenses after reductions | 17,833,399 | |||
Net Investment income (loss) | 73,511,679 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $2,052,647) | 310,857,578 | |||
Redemptions in-kind | 22,380,026 | |||
Fidelity Central Funds | (3,998) | |||
Foreign currency transactions | (398,473) | |||
Total net realized gain (loss) | 332,835,133 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $780,874) | 221,126,025 | |||
Assets and liabilities in foreign currencies | 17,325 | |||
Total change in net unrealized appreciation (depreciation) | 221,143,350 | |||
Net gain (loss) | 553,978,483 | |||
Net increase (decrease) in net assets resulting from operations | $ | 627,490,162 |
Statement of Changes in Net Assets | ||||
Year ended July 31, 2024 | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 73,511,679 | $ | 62,247,544 |
Net realized gain (loss) | 332,835,133 | 93,234,683 | ||
Change in net unrealized appreciation (depreciation) | 221,143,350 | 182,503,935 | ||
Net increase (decrease) in net assets resulting from operations | 627,490,162 | 337,986,162 | ||
Distributions to shareholders | (224,506,444) | (100,231,371) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,122,888,527 | 845,051,056 | ||
Reinvestment of distributions | 224,505,132 | 100,231,371 | ||
Cost of shares redeemed | (939,183,681) | (707,363,698) | ||
Net increase (decrease) in net assets resulting from share transactions | 408,209,978 | 237,918,729 | ||
Total increase (decrease) in net assets | 811,193,696 | 475,673,520 | ||
Net Assets | ||||
Beginning of period | 3,330,983,677 | 2,855,310,157 | ||
End of period | $ | 4,142,177,373 | $ | 3,330,983,677 |
Other Information | ||||
Shares | ||||
Sold | 73,201,915 | 60,030,634 | ||
Issued in reinvestment of distributions | 15,807,532 | 7,285,754 | ||
Redeemed | (61,541,724) | (49,989,301) | ||
Net increase (decrease) | 27,467,723 | 17,327,087 | ||
Fidelity® Low-Priced Stock K6 Fund |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.23 | $ | 14.18 | $ | 15.52 | $ | 10.82 | $ | 11.19 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .31 | .29 | .24 | .17 | .20 | |||||
Net realized and unrealized gain (loss) | 2.29 | 1.25 | (.76) | 4.72 | (.27) | |||||
Total from investment operations | 2.60 | 1.54 | (.52) | 4.89 | (.07) | |||||
Distributions from net investment income | (.29) | (.22) | (.20) | (.19) | (.22) | |||||
Distributions from net realized gain | (.72) | (.27) | (.63) | - | (.08) | |||||
Total distributions | (1.01) | (.49) | (.82) C | (.19) | (.30) | |||||
Net asset value, end of period | $ | 16.82 | $ | 15.23 | $ | 14.18 | $ | 15.52 | $ | 10.82 |
Total Return D | 18.41 % | 11.23% | (3.56)% | 45.81% | (.74)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .50% | .50% | .50% | .50% | .50% | |||||
Expenses net of fee waivers, if any | .50 % | .50% | .50% | .50% | .50% | |||||
Expenses net of all reductions | .50% | .50% | .50% | .50% | .50% | |||||
Net investment income (loss) | 2.07% | 2.06% | 1.63% | 1.23% | 1.86% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,142,177 | $ | 3,330,984 | $ | 2,855,310 | $ | 2,937,045 | $ | 1,861,492 |
Portfolio turnover rate G,H | 34 % | 48% | 25% | 27% | 21% |
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 | $958,558,811 |
Gross unrealized depreciation | (167,137,237) |
Net unrealized appreciation (depreciation) | $791,421,574 |
Tax Cost | $3,374,295,819 |
Undistributed ordinary income | $86,335,732 |
Undistributed long-term capital gain | $209,217,170 |
Net unrealized appreciation (depreciation) on securities and other investments | $791,423,448 |
July 31, 2024 | July 31, 2023 | |
Ordinary Income | $67,847,698 | $45,420,285 |
Long-term Capital Gains | 156,658,746 | 54,811,086 |
Total | $224,506,444 | $100,231,371 |
Purchases ($) | Sales ($) | |
Fidelity Low-Priced Stock K6 Fund | 1,171,658,400 | 1,263,728,180 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Low-Priced Stock K6 Fund | 3,747,615 | 22,380,026 | 58,088,029 |
Shares | Total Proceeds ($) | |
Fidelity Low-Priced Stock K6 Fund | 23,077,570 | 354,982,117 |
Shares | Total Proceeds ($) | |
Fidelity Low-Priced Stock K6 Fund | 13,633,983 | 189,662,629 |
Amount ($) | |
Fidelity Low-Priced Stock K6 Fund | 15,554 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Low-Priced Stock K6 Fund | 110,609,345 | 72,526,659 | 19,845,946 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Low-Priced Stock K6 Fund | 13,487 | 12 | - |
A special meeting of shareholders was held on July 16, 2024. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To elect a Board of Trustees. | ||
# of Votes | % of Votes | |
Bettina Doulton | ||
Affirmative | 65,110,731,692.91 | 94.24 |
Withheld | 3,977,061,305.33 | 5.76 |
TOTAL | 69,087,792,998.24 | 100.00 |
Robert A. Lawrence | ||
Affirmative | 64,862,479,525.74 | 93.88 |
Withheld | 4,225,313,472.50 | 6.12 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vijay C. Advani | ||
Affirmative | 64,817,783,404.76 | 93.82 |
Withheld | 4,270,009,593.49 | 6.18 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas P. Bostick | ||
Affirmative | 64,886,989,933.75 | 93.92 |
Withheld | 4,200,803,064.49 | 6.08 |
TOTAL | 69,087,792,998.24 | 100.00 |
Donald F. Donahue | ||
Affirmative | 64,848,204,109.00 | 93.86 |
Withheld | 4,239,588,889.24 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vicki L. Fuller | ||
Affirmative | 64,995,466,255.60 | 94.08 |
Withheld | 4,092,326,742.65 | 5.92 |
TOTAL | 69,087,792,998.24 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 65,085,124,704.84 | 94.21 |
Withheld | 4,002,668,293.40 | 5.79 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas A. Kennedy | ||
Affirmative | 64,964,358,187.70 | 94.03 |
Withheld | 4,123,434,810.54 | 5.97 |
TOTAL | 69,087,792,998.24 | 100.00 |
Oscar Munoz | ||
Affirmative | 64,740,772,159.72 | 93.71 |
Withheld | 4,347,020,838.53 | 6.29 |
TOTAL | 69,087,792,998.24 | 100.00 |
Karen B. Peetz | ||
Affirmative | 64,944,559,251.25 | 94.00 |
Withheld | 4,143,233,746.99 | 6.00 |
TOTAL | 69,087,792,998.24 | 100.00 |
David M. Thomas | ||
Affirmative | 64,792,568,989.40 | 93.78 |
Withheld | 4,295,224,008.84 | 6.22 |
TOTAL | 69,087,792,998.24 | 100.00 |
Susan Tomasky | ||
Affirmative | 64,843,909,948.98 | 93.86 |
Withheld | 4,243,883,049.26 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Michael E. Wiley | ||
Affirmative | 64,839,438,084.90 | 93.85 |
Withheld | 4,248,354,913.34 | 6.15 |
TOTAL | 69,087,792,998.24 | 100.00 |
Proposal 1 reflects trust-wide proposal and voting results. |
Contents
Common Stocks - 97.8% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 1.4% | |||
Interactive Media & Services - 0.4% | |||
Cars.com, Inc. (a) | 639,400 | 13,184,428 | |
Media - 1.0% | |||
Comcast Corp. Class A | 317,500 | 13,103,225 | |
Nexstar Media Group, Inc. | 25,057 | 4,630,283 | |
Pico Far East Holdings Ltd. | 10,600,000 | 2,333,591 | |
Thryv Holdings, Inc. (a) | 366,200 | 7,133,576 | |
WPP PLC | 327,600 | 3,160,057 | |
30,360,732 | |||
TOTAL COMMUNICATION SERVICES | 43,545,160 | ||
CONSUMER DISCRETIONARY - 13.0% | |||
Automobile Components - 2.5% | |||
Adient PLC (a) | 728,300 | 18,761,008 | |
Aptiv PLC (a) | 72,500 | 5,030,775 | |
Brembo N.V. | 25,000 | 280,465 | |
Cie Automotive SA | 274,100 | 8,009,408 | |
DaikyoNishikawa Corp. | 8,053 | 37,630 | |
Lear Corp. | 116,200 | 14,181,048 | |
Patrick Industries, Inc. | 231,300 | 29,620,278 | |
75,920,612 | |||
Automobiles - 0.9% | |||
General Motors Co. | 230,300 | 10,206,896 | |
Harley-Davidson, Inc. | 398,000 | 14,925,000 | |
Mercedes-Benz Group AG (Germany) | 33,100 | 2,188,058 | |
Stellantis NV (b) | 108,100 | 1,804,189 | |
29,124,143 | |||
Broadline Retail - 1.3% | |||
B&M European Value Retail SA | 1,040,400 | 6,260,773 | |
eBay, Inc. | 170,100 | 9,459,261 | |
Europris ASA (c) | 616,426 | 3,680,838 | |
Kohl's Corp. (b) | 359,900 | 7,795,434 | |
Macy's, Inc. | 275,700 | 4,764,096 | |
Next PLC | 70,600 | 8,235,547 | |
40,195,949 | |||
Distributors - 0.1% | |||
Autohellas SA | 237,000 | 3,042,010 | |
Diversified Consumer Services - 0.6% | |||
H&R Block, Inc. | 238,600 | 13,824,484 | |
Laureate Education, Inc. | 176,696 | 2,738,788 | |
ME Group International PLC | 357,100 | 886,923 | |
17,450,195 | |||
Household Durables - 1.4% | |||
Ace Bed Co. Ltd. | 31,662 | 602,133 | |
D.R. Horton, Inc. | 36,000 | 6,477,480 | |
Helen of Troy Ltd. (a)(b) | 202,400 | 11,963,864 | |
Tempur Sealy International, Inc. | 246,600 | 12,909,510 | |
TopBuild Corp. (a) | 21,500 | 10,288,610 | |
42,241,597 | |||
Leisure Products - 0.4% | |||
BRP, Inc. | 49,000 | 3,550,118 | |
Brunswick Corp. | 99,000 | 8,063,550 | |
11,613,668 | |||
Specialty Retail - 3.4% | |||
Academy Sports & Outdoors, Inc. | 240,900 | 13,025,463 | |
Advance Auto Parts, Inc. (b) | 148,000 | 9,372,840 | |
Arcland Sakamoto Co. Ltd. | 525,000 | 6,378,292 | |
AutoZone, Inc. (a) | 2,600 | 8,147,594 | |
Dick's Sporting Goods, Inc. | 117,300 | 25,377,855 | |
JD Sports Fashion PLC | 5,006,300 | 8,469,577 | |
Jumbo SA | 184,600 | 4,946,636 | |
Maisons du Monde SA (c) | 240,700 | 956,026 | |
Mr. Bricolage SA (a) | 144,948 | 1,254,960 | |
Sally Beauty Holdings, Inc. (a) | 696,600 | 7,976,070 | |
Sportsman's Warehouse Holdings, Inc. (a) | 365,900 | 933,045 | |
The Hour Glass Ltd. | 1,753,400 | 2,072,546 | |
Valvoline, Inc. (a) | 220,100 | 10,234,650 | |
Williams-Sonoma, Inc. | 20,200 | 3,124,536 | |
102,270,090 | |||
Textiles, Apparel & Luxury Goods - 2.4% | |||
Crocs, Inc. (a) | 23,400 | 3,144,258 | |
Kontoor Brands, Inc. (b) | 262,000 | 18,379,300 | |
Levi Strauss & Co. Class A | 624,400 | 11,445,252 | |
Oxford Industries, Inc. (b) | 46,600 | 4,908,378 | |
PVH Corp. | 122,300 | 12,473,377 | |
VF Corp. (b) | 494,900 | 8,393,504 | |
Wolverine World Wide, Inc. (b) | 1,022,400 | 15,203,088 | |
73,947,157 | |||
TOTAL CONSUMER DISCRETIONARY | 395,805,421 | ||
CONSUMER STAPLES - 4.0% | |||
Beverages - 0.6% | |||
Primo Water Corp. | 881,800 | 19,337,874 | |
Consumer Staples Distribution & Retail - 2.4% | |||
Acomo NV | 207,900 | 3,883,496 | |
Alimentation Couche-Tard, Inc. (multi-vtg.) | 239,200 | 14,745,455 | |
BJ's Wholesale Club Holdings, Inc. (a) | 200,400 | 17,627,184 | |
MARR SpA | 377,200 | 4,702,749 | |
Performance Food Group Co. (a) | 93,700 | 6,465,300 | |
Sprouts Farmers Market LLC (a) | 236,800 | 23,653,952 | |
71,078,136 | |||
Food Products - 0.7% | |||
Armanino Foods of Distinction | 136,328 | 757,302 | |
Lamb Weston Holdings, Inc. | 296,200 | 17,777,924 | |
S Foods, Inc. | 68,100 | 1,362,864 | |
Societe LDC SA | 8,650 | 1,352,731 | |
21,250,821 | |||
Household Products - 0.0% | |||
Transaction Co. Ltd. | 32,500 | 390,508 | |
Personal Care Products - 0.3% | |||
Sarantis SA | 790,584 | 9,394,593 | |
TOTAL CONSUMER STAPLES | 121,451,932 | ||
ENERGY - 7.3% | |||
Energy Equipment & Services - 0.4% | |||
Cactus, Inc. Class A | 176,600 | 11,146,992 | |
Vallourec SA (a) | 37,400 | 606,333 | |
11,753,325 | |||
Oil, Gas & Consumable Fuels - 6.9% | |||
Antero Resources Corp. (a) | 938,500 | 27,235,270 | |
Chord Energy Corp. | 173,300 | 29,748,678 | |
Civitas Resources, Inc. | 139,908 | 9,759,982 | |
Diamondback Energy, Inc. | 156,500 | 31,661,515 | |
Enterprise Products Partners LP | 334,000 | 9,639,240 | |
Northern Oil & Gas, Inc. | 325,700 | 14,066,983 | |
Ovintiv, Inc. | 675,300 | 31,360,932 | |
Range Resources Corp. | 804,200 | 25,115,166 | |
Southwestern Energy Co. (a) | 2,880,300 | 18,577,935 | |
TotalEnergies SE sponsored ADR | 201,083 | 13,629,406 | |
Unit Corp. | 9,900 | 355,509 | |
211,150,616 | |||
TOTAL ENERGY | 222,903,941 | ||
FINANCIALS - 20.8% | |||
Banks - 10.1% | |||
ACNB Corp. | 17,500 | 725,900 | |
Associated Banc-Corp. | 987,800 | 22,699,644 | |
Bar Harbor Bankshares | 183,272 | 5,857,373 | |
Cadence Bank | 616,200 | 20,254,494 | |
Camden National Corp. (b) | 44,343 | 1,848,216 | |
Citigroup, Inc. | 192,400 | 12,482,912 | |
East West Bancorp, Inc. | 113,100 | 9,940,359 | |
First Bancorp, Puerto Rico | 444,600 | 9,536,670 | |
First Foundation, Inc. | 98,200 | 687,400 | |
FNB Corp., Pennsylvania | 1,021,900 | 15,675,946 | |
Greene County Bancorp, Inc. (b) | 180,400 | 6,539,500 | |
KeyCorp | 855,900 | 13,805,667 | |
Nicolet Bankshares, Inc. (b) | 79,800 | 8,024,688 | |
Plumas Bancorp | 133,092 | 5,758,891 | |
QCR Holdings, Inc. | 215,100 | 16,442,244 | |
Southern Missouri Bancorp, Inc. | 119,200 | 6,818,240 | |
Sparebank 1 Oestlandet | 24,500 | 337,861 | |
Synovus Financial Corp. | 415,900 | 19,443,325 | |
U.S. Bancorp | 323,700 | 14,527,656 | |
United Community Bank, Inc. | 599,700 | 18,560,715 | |
Washington Trust Bancorp, Inc. | 149,200 | 4,775,892 | |
Webster Financial Corp. | 388,700 | 19,287,294 | |
Wells Fargo & Co. | 921,100 | 54,658,070 | |
West Bancorp., Inc. | 222,557 | 4,615,832 | |
Wintrust Financial Corp. | 134,000 | 14,498,800 | |
307,803,589 | |||
Capital Markets - 3.3% | |||
AllianceBernstein Holding LP | 319,000 | 11,257,510 | |
Federated Hermes, Inc. (b) | 380,500 | 13,062,565 | |
Lazard, Inc. Class A | 402,100 | 19,771,257 | |
LPL Financial | 39,700 | 8,794,344 | |
Raymond James Financial, Inc. | 232,100 | 26,923,600 | |
Stifel Financial Corp. | 217,900 | 19,321,193 | |
Van Lanschot Kempen NV (Bearer) | 24,700 | 1,067,926 | |
100,198,395 | |||
Consumer Finance - 1.4% | |||
Aeon Credit Service (Asia) Co. Ltd. | 4,561,940 | 3,328,242 | |
Discover Financial Services | 163,332 | 23,518,175 | |
OneMain Holdings, Inc. | 305,000 | 15,939,300 | |
42,785,717 | |||
Financial Services - 1.5% | |||
Corpay, Inc. (a) | 84,000 | 24,512,880 | |
EVERTEC, Inc. | 332,600 | 11,464,722 | |
Federal Agricultural Mortgage Corp. Class C (non-vtg.) | 39,100 | 8,063,202 | |
Zenkoku Hosho Co. Ltd. | 42,500 | 1,767,181 | |
45,807,985 | |||
Insurance - 4.5% | |||
American Financial Group, Inc. | 109,800 | 14,379,408 | |
ASR Nederland NV | 106,100 | 5,324,515 | |
First American Financial Corp. | 102,400 | 6,203,392 | |
Hartford Financial Services Group, Inc. | 98,000 | 10,870,160 | |
NN Group NV | 141,002 | 7,071,457 | |
Primerica, Inc. | 47,100 | 11,858,367 | |
Reinsurance Group of America, Inc. | 153,000 | 34,490,790 | |
Selective Insurance Group, Inc. | 192,300 | 17,368,536 | |
Stewart Information Services Corp. | 88,900 | 6,285,230 | |
Unum Group | 377,300 | 21,706,069 | |
135,557,924 | |||
TOTAL FINANCIALS | 632,153,610 | ||
HEALTH CARE - 10.7% | |||
Biotechnology - 0.8% | |||
Gilead Sciences, Inc. | 279,900 | 21,289,194 | |
United Therapeutics Corp. (a) | 9,100 | 2,850,939 | |
24,140,133 | |||
Health Care Equipment & Supplies - 0.5% | |||
Dentsply Sirona, Inc. (b) | 566,000 | 15,361,240 | |
InBody Co. Ltd. | 27,900 | 490,871 | |
Value Added Technology Co. Ltd. | 55,500 | 1,041,291 | |
16,893,402 | |||
Health Care Providers & Services - 8.6% | |||
Centene Corp. (a) | 433,600 | 33,352,512 | |
Cigna Group | 94,400 | 32,914,448 | |
CVS Health Corp. | 250,700 | 15,124,731 | |
Elevance Health, Inc. | 60,400 | 32,134,612 | |
Henry Schein, Inc. (a) | 204,400 | 14,704,536 | |
Humana, Inc. | 54,500 | 19,707,745 | |
Labcorp Holdings, Inc. | 90,400 | 19,475,776 | |
Quest Diagnostics, Inc. | 82,600 | 11,753,980 | |
Sinopharm Group Co. Ltd. (H Shares) | 3,877,437 | 9,111,879 | |
UnitedHealth Group, Inc. | 74,700 | 43,039,152 | |
Universal Health Services, Inc. Class B | 138,900 | 29,691,264 | |
261,010,635 | |||
Life Sciences Tools & Services - 0.7% | |||
ICON PLC (a) | 65,500 | 21,512,820 | |
Pharmaceuticals - 0.1% | |||
Genomma Lab Internacional SA de CV | 1,947,600 | 2,011,262 | |
TOTAL HEALTH CARE | 325,568,252 | ||
INDUSTRIALS - 18.3% | |||
Aerospace & Defense - 1.3% | |||
Cadre Holdings, Inc. (b) | 354,910 | 13,025,197 | |
Huntington Ingalls Industries, Inc. | 87,600 | 24,526,248 | |
Leonardo DRS, Inc. (a) | 88,400 | 2,492,880 | |
40,044,325 | |||
Air Freight & Logistics - 0.2% | |||
Compania de Distribucion Integral Logista Holdings SA | 124,500 | 3,681,100 | |
Hamakyorex Co. Ltd. | 95,200 | 3,034,478 | |
Radiant Logistics, Inc. (a) | 17,500 | 108,850 | |
6,824,428 | |||
Building Products - 1.4% | |||
Builders FirstSource, Inc. (a) | 87,400 | 14,628,138 | |
Euro Ceramics Ltd. (a)(d) | 5,000 | 63 | |
Hayward Holdings, Inc. (a) | 1,353,752 | 20,021,992 | |
Janus International Group, Inc. (a)(b) | 638,200 | 9,202,844 | |
43,853,037 | |||
Commercial Services & Supplies - 1.1% | |||
Brady Corp. Class A | 95,006 | 6,803,380 | |
Civeo Corp. | 192,958 | 5,248,458 | |
CoreCivic, Inc. (a) | 278,700 | 3,885,078 | |
VSE Corp. (b) | 184,400 | 16,409,756 | |
32,346,672 | |||
Construction & Engineering - 0.5% | |||
Boustead Singapore Ltd. | 1,438,300 | 1,076,008 | |
Bowman Consulting Group Ltd. (a) | 79,500 | 2,839,740 | |
EMCOR Group, Inc. | 34,300 | 12,877,592 | |
16,793,340 | |||
Electrical Equipment - 1.5% | |||
Acuity Brands, Inc. | 71,000 | 17,845,850 | |
Allient, Inc. | 21,539 | 623,339 | |
AQ Group AB | 936,520 | 12,473,874 | |
GrafTech International Ltd. (b) | 1,824,800 | 1,401,629 | |
nVent Electric PLC | 117,900 | 8,563,077 | |
Sensata Technologies PLC | 133,600 | 5,209,064 | |
46,116,833 | |||
Ground Transportation - 0.5% | |||
Proficient Auto Logistics, Inc. (b) | 159,385 | 3,211,608 | |
Stef SA | 65,760 | 9,550,848 | |
Universal Logistics Holdings, Inc. | 57,929 | 2,492,685 | |
15,255,141 | |||
Machinery - 3.6% | |||
Crane Co. | 62,700 | 10,058,334 | |
Daiwa Industries Ltd. | 598,600 | 6,333,440 | |
EnPro Industries, Inc. | 53,800 | 9,196,572 | |
ESAB Corp. | 99,600 | 10,119,360 | |
Hillenbrand, Inc. | 504,300 | 22,305,189 | |
ITT, Inc. | 76,100 | 10,765,106 | |
JOST Werke AG (c) | 113,400 | 5,129,995 | |
Miller Industries, Inc. | 50,500 | 3,430,970 | |
Terex Corp. | 190,800 | 12,070,008 | |
Timken Co. | 190,000 | 16,520,500 | |
Tocalo Co. Ltd. | 149,700 | 1,980,611 | |
107,910,085 | |||
Passenger Airlines - 0.3% | |||
Jet2 PLC | 424,575 | 7,750,536 | |
Professional Services - 4.2% | |||
Altech Corp. | 35,953 | 645,356 | |
Barrett Business Services, Inc. | 169,200 | 6,165,648 | |
CACI International, Inc. (a) | 40,500 | 18,689,940 | |
Concentrix Corp. | 194,500 | 13,712,250 | |
Genpact Ltd. | 616,600 | 21,377,522 | |
KBR, Inc. | 382,000 | 25,437,380 | |
Maximus, Inc. | 159,200 | 14,788,088 | |
Quick Co. Ltd. | 93,627 | 1,358,109 | |
Science Applications International Corp. | 84,500 | 10,511,800 | |
Verra Mobility Corp. (a) | 445,100 | 13,410,863 | |
Will Group, Inc. | 102,800 | 715,047 | |
126,812,003 | |||
Trading Companies & Distributors - 3.7% | |||
AerCap Holdings NV | 70,400 | 6,614,080 | |
Alligo AB (B Shares) | 357,987 | 4,706,661 | |
Beacon Roofing Supply, Inc. (a) | 187,600 | 19,285,280 | |
Core & Main, Inc. (a)(b) | 247,100 | 13,212,437 | |
Ferguson PLC | 47,500 | 10,575,875 | |
Global Industrial Co. | 155,309 | 5,417,178 | |
Itochu Corp. | 224,100 | 11,492,623 | |
Mitani Shoji Co. Ltd. | 836,200 | 9,243,665 | |
Momentum Group Komponenter & Tjanster AB | 424,933 | 7,174,008 | |
RS GROUP PLC | 643,149 | 6,763,226 | |
Rush Enterprises, Inc. Class A | 307,050 | 15,662,621 | |
Totech Corp. | 65,643 | 1,125,709 | |
111,273,363 | |||
TOTAL INDUSTRIALS | 554,979,763 | ||
INFORMATION TECHNOLOGY - 11.8% | |||
Electronic Equipment, Instruments & Components - 6.1% | |||
Advanced Energy Industries, Inc. | 214,500 | 24,961,365 | |
Belden, Inc. | 180,200 | 16,702,738 | |
CDW Corp. | 57,000 | 12,432,270 | |
Crane NXT Co. (b) | 367,500 | 23,108,400 | |
Flex Ltd. (a) | 470,400 | 15,123,360 | |
Insight Enterprises, Inc. (a) | 83,100 | 18,655,950 | |
Jabil, Inc. | 107,100 | 12,066,957 | |
Kingboard Chemical Holdings Ltd. | 1,955,000 | 3,988,647 | |
Methode Electronics, Inc. | 438,700 | 5,553,942 | |
Redington (India) Ltd. | 739,442 | 1,875,192 | |
Riken Keiki Co. Ltd. | 50,800 | 1,505,637 | |
TD SYNNEX Corp. | 213,250 | 25,413,003 | |
Vontier Corp. | 550,200 | 21,584,346 | |
VSTECS Holdings Ltd. | 5,267,600 | 2,899,157 | |
185,870,964 | |||
IT Services - 1.9% | |||
Amdocs Ltd. | 261,600 | 22,882,152 | |
Cognizant Technology Solutions Corp. Class A | 333,600 | 25,246,848 | |
Sopra Steria Group | 36,600 | 6,797,136 | |
TDC Soft, Inc. | 293,414 | 2,528,604 | |
57,454,740 | |||
Semiconductors & Semiconductor Equipment - 2.2% | |||
Diodes, Inc. (a) | 147,800 | 11,557,960 | |
Micron Technology, Inc. | 76,700 | 8,423,194 | |
MKS Instruments, Inc. | 178,700 | 22,498,330 | |
Renesas Electronics Corp. | 515,400 | 8,877,184 | |
Skyworks Solutions, Inc. | 130,300 | 14,804,686 | |
66,161,354 | |||
Software - 0.1% | |||
Cresco Ltd. | 211,200 | 1,884,946 | |
System Research Co. Ltd. | 187,600 | 1,921,020 | |
3,805,966 | |||
Technology Hardware, Storage & Peripherals - 1.5% | |||
Dell Technologies, Inc. | 70,300 | 7,991,704 | |
MCJ Co. Ltd. | 366,800 | 3,352,019 | |
Seagate Technology Holdings PLC | 316,200 | 32,306,154 | |
43,649,877 | |||
TOTAL INFORMATION TECHNOLOGY | 356,942,901 | ||
MATERIALS - 6.8% | |||
Chemicals - 3.9% | |||
Axalta Coating Systems Ltd. (a) | 639,100 | 22,783,915 | |
C. Uyemura & Co. Ltd. | 86,800 | 6,298,294 | |
Celanese Corp. (b) | 129,100 | 18,222,465 | |
EcoGreen International Group Ltd. (d) | 1,000,000 | 1 | |
Element Solutions, Inc. | 544,700 | 14,679,665 | |
LyondellBasell Industries NV Class A | 315,000 | 31,329,900 | |
Soulbrain Co. Ltd. | 29,800 | 5,732,485 | |
Tronox Holdings PLC | 1,220,900 | 19,729,744 | |
118,776,469 | |||
Construction Materials - 1.4% | |||
Eagle Materials, Inc. | 87,800 | 23,907,940 | |
RHI Magnesita NV | 139,500 | 6,581,566 | |
Wienerberger AG | 308,400 | 10,934,171 | |
41,423,677 | |||
Containers & Packaging - 1.1% | |||
International Paper Co. | 14,528 | 675,261 | |
Mayr-Melnhof Karton AG | 47,300 | 5,395,471 | |
Packaging Corp. of America | 69,200 | 13,831,004 | |
Silgan Holdings, Inc. (b) | 231,700 | 11,916,331 | |
31,818,067 | |||
Metals & Mining - 0.4% | |||
Warrior Metropolitan Coal, Inc. | 184,200 | 12,730,062 | |
TOTAL MATERIALS | 204,748,275 | ||
REAL ESTATE - 2.1% | |||
Equity Real Estate Investment Trusts (REITs) - 0.7% | |||
Camden Property Trust (SBI) | 71,500 | 7,918,625 | |
Mid-America Apartment Communities, Inc. | 62,800 | 8,777,556 | |
STAG Industrial, Inc. | 120,700 | 4,925,767 | |
21,621,948 | |||
Real Estate Management & Development - 1.4% | |||
Jones Lang LaSalle, Inc. (a) | 151,200 | 37,936,080 | |
LandBridge Co. LLC | 74,100 | 2,443,077 | |
40,379,157 | |||
TOTAL REAL ESTATE | 62,001,105 | ||
UTILITIES - 1.6% | |||
Electric Utilities - 1.6% | |||
PG&E Corp. | 2,627,900 | 47,959,175 | |
TOTAL COMMON STOCKS (Cost $2,142,796,301) | 2,968,059,535 | ||
Money Market Funds - 7.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) | 161,914,847 | 161,947,230 | |
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f) | 67,557,190 | 67,563,946 | |
TOTAL MONEY MARKET FUNDS (Cost $229,511,176) | 229,511,176 | ||
TOTAL INVESTMENT IN SECURITIES - 105.3% (Cost $2,372,307,477) | 3,197,570,711 |
NET OTHER ASSETS (LIABILITIES) - (5.3)% | (161,625,748) |
NET ASSETS - 100.0% | 3,035,944,963 |
(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 $9,766,859 or 0.3% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 | 637,507,233 | 510,016,405 | 2,581,623 | (202) | - | 161,947,230 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.39% | 108,612,743 | 841,411,930 | 882,460,727 | 98,353 | - | - | 67,563,946 | 0.3% |
Total | 143,069,347 | 1,478,919,163 | 1,392,477,132 | 2,679,976 | (202) | - | 229,511,176 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 43,545,160 | 40,385,103 | 3,160,057 | - |
Consumer Discretionary | 395,805,421 | 393,617,363 | 2,188,058 | - |
Consumer Staples | 121,451,932 | 121,451,932 | - | - |
Energy | 222,903,941 | 222,903,941 | - | - |
Financials | 632,153,610 | 632,153,610 | - | - |
Health Care | 325,568,252 | 325,568,252 | - | - |
Industrials | 554,979,763 | 543,487,077 | 11,492,623 | 63 |
Information Technology | 356,942,901 | 348,065,717 | 8,877,184 | - |
Materials | 204,748,275 | 204,748,274 | - | 1 |
Real Estate | 62,001,105 | 62,001,105 | - | - |
Utilities | 47,959,175 | 47,959,175 | - | - |
Money Market Funds | 229,511,176 | 229,511,176 | - | - |
Total Investments in Securities: | 3,197,570,711 | 3,171,852,725 | 25,717,922 | 64 |
Statement of Assets and Liabilities | ||||
As of July 31, 2024 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $66,570,466) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,142,796,301) | $ | 2,968,059,535 | ||
Fidelity Central Funds (cost $229,511,176) | 229,511,176 | |||
Total Investment in Securities (cost $2,372,307,477) | $ | 3,197,570,711 | ||
Foreign currency held at value (cost $35,437) | 35,384 | |||
Receivable for investments sold | 4,077,970 | |||
Receivable for fund shares sold | 3,841 | |||
Dividends receivable | 1,918,069 | |||
Reclaims receivable | 2,153,974 | |||
Distributions receivable from Fidelity Central Funds | 409,702 | |||
Other receivables | 470,269 | |||
Total assets | 3,206,639,920 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,963,155 | ||
Payable for fund shares redeemed | 99,926,978 | |||
Other payables and accrued expenses | 268,454 | |||
Collateral on securities loaned | 67,536,370 | |||
Total liabilities | 170,694,957 | |||
Net Assets | $ | 3,035,944,963 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,998,472,882 | ||
Total accumulated earnings (loss) | 1,037,472,081 | |||
Net Assets | $ | 3,035,944,963 | ||
Net Asset Value, offering price and redemption price per share ($3,035,944,963 ÷ 248,714,289 shares) | $ | 12.21 |
Statement of Operations | ||||
Year ended July 31, 2024 | ||||
Investment Income | ||||
Dividends | $ | 54,928,895 | ||
Interest | 4,251 | |||
Income from Fidelity Central Funds (including $98,353 from security lending) | 2,679,976 | |||
Total income | 57,613,122 | |||
Expenses | ||||
Custodian fees and expenses | $ | 106,429 | ||
Independent trustees' fees and expenses | 13,701 | |||
Miscellaneous | 36 | |||
Total expenses before reductions | 120,166 | |||
Expense reductions | (23,487) | |||
Total expenses after reductions | 96,679 | |||
Net Investment income (loss) | 57,516,443 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 236,483,200 | |||
Fidelity Central Funds | (202) | |||
Foreign currency transactions | (495,605) | |||
Total net realized gain (loss) | 235,987,393 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $30,387) | 249,139,221 | |||
Assets and liabilities in foreign currencies | 652,502 | |||
Total change in net unrealized appreciation (depreciation) | 249,791,723 | |||
Net gain (loss) | 485,779,116 | |||
Net increase (decrease) in net assets resulting from operations | $ | 543,295,559 |
Statement of Changes in Net Assets | ||||
Year ended July 31, 2024 | Year ended July 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 57,516,443 | $ | 89,543,971 |
Net realized gain (loss) | 235,987,393 | 1,963,949,684 | ||
Change in net unrealized appreciation (depreciation) | 249,791,723 | (1,711,411,416) | ||
Net increase (decrease) in net assets resulting from operations | 543,295,559 | 342,082,239 | ||
Distributions to shareholders | (581,084,973) | (2,290,889,691) | ||
Share transactions | ||||
Proceeds from sales of shares | 376,430,644 | 367,791,224 | ||
Reinvestment of distributions | 581,084,973 | 2,290,889,691 | ||
Cost of shares redeemed | (655,531,817) | (5,559,972,706) | ||
Net increase (decrease) in net assets resulting from share transactions | 301,983,800 | (2,901,291,791) | ||
Total increase (decrease) in net assets | 264,194,386 | (4,850,099,243) | ||
Net Assets | ||||
Beginning of period | 2,771,750,577 | 7,621,849,820 | ||
End of period | $ | 3,035,944,963 | $ | 2,771,750,577 |
Other Information | ||||
Shares | ||||
Sold | 34,570,712 | 28,466,662 | ||
Issued in reinvestment of distributions | 58,411,695 | 172,732,746 | ||
Redeemed | (58,642,547) | (391,811,728) | ||
Net increase (decrease) | 34,339,860 | (190,612,320) | ||
Fidelity® Series Intrinsic Opportunities Fund |
Years ended July 31, | 2024 | 2023 | 2022 | 2021 | 2020 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.93 | $ | 18.82 | $ | 22.41 | $ | 15.29 | $ | 16.42 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .31 | .40 | .40 | .38 | |||||
Net realized and unrealized gain (loss) | 1.72 | 1.30 | (.31) | 7.49 | (.65) | |||||
Total from investment operations | 1.94 | 1.61 | .09 | 7.89 | (.27) | |||||
Distributions from net investment income | (.26) | (.35) | (.51) | (.44) | (.45) | |||||
Distributions from net realized gain | (2.40) | (7.15) | (3.17) | (.33) | (.40) | |||||
Total distributions | (2.66) | (7.50) | (3.68) | (.77) | (.86) C | |||||
Net asset value, end of period | $ | 12.21 | $ | 12.93 | $ | 18.82 | $ | 22.41 | $ | 15.29 |
Total Return D | 20.21 % | 13.61% | .18% | 53.18% | (1.89)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | -% G | .01% | .01% | .01% | .01% | |||||
Expenses net of fee waivers, if any | - % G | -% G | -% G | -% G | .01% | |||||
Expenses net of all reductions | -% G | -% G | -% G | -% G | .01% | |||||
Net investment income (loss) | 2.03% | 2.29% | 1.99% | 2.08% | 2.46% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,035,945 | $ | 2,771,751 | $ | 7,621,850 | $ | 13,891,352 | $ | 11,787,708 |
Portfolio turnover rate H | 21 % | 35% | 18% | 10% | 19% |
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 | $917,511,499 |
Gross unrealized depreciation | (97,243,914) |
Net unrealized appreciation (depreciation) | $820,267,585 |
Tax Cost | $2,377,303,126 |
Undistributed ordinary income | $33,494,818 |
Undistributed long-term capital gain | $184,013,339 |
Net unrealized appreciation (depreciation) on securities and other investments | $820,188,196 |
July 31, 2024 | July 31, 2023 | |
Ordinary Income | $65,909,994 | $ 105,696,997 |
Long-term Capital Gains | 515,174,979 | 2,185,192,694 |
Total | $581,084,973 | $2,290,889,691 |
Purchases ($) | Sales ($) | |
Fidelity Series Intrinsic Opportunities Fund | 599,634,095 | 850,123,520 |
Amount ($) | |
Fidelity Series Intrinsic Opportunities Fund | 13,673 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Series Intrinsic Opportunities Fund | 56,249,007 | 100,651,416 | 36,984,497 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Series Intrinsic Opportunities Fund | 9,944 | 133 | 14,500 |
A special meeting of shareholders was held on July 16, 2024. The results of votes taken among shareholders on the proposal before them are reported below. Each vote reported represents one dollar of net asset value held on the record date for the meeting. | ||
Proposal 1 | ||
To elect a Board of Trustees. | ||
# of Votes | % of Votes | |
Bettina Doulton | ||
Affirmative | 65,110,731,692.91 | 94.24 |
Withheld | 3,977,061,305.33 | 5.76 |
TOTAL | 69,087,792,998.24 | 100.00 |
Robert A. Lawrence | ||
Affirmative | 64,862,479,525.74 | 93.88 |
Withheld | 4,225,313,472.50 | 6.12 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vijay C. Advani | ||
Affirmative | 64,817,783,404.76 | 93.82 |
Withheld | 4,270,009,593.49 | 6.18 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas P. Bostick | ||
Affirmative | 64,886,989,933.75 | 93.92 |
Withheld | 4,200,803,064.49 | 6.08 |
TOTAL | 69,087,792,998.24 | 100.00 |
Donald F. Donahue | ||
Affirmative | 64,848,204,109.00 | 93.86 |
Withheld | 4,239,588,889.24 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Vicki L. Fuller | ||
Affirmative | 64,995,466,255.60 | 94.08 |
Withheld | 4,092,326,742.65 | 5.92 |
TOTAL | 69,087,792,998.24 | 100.00 |
Patricia L. Kampling | ||
Affirmative | 65,085,124,704.84 | 94.21 |
Withheld | 4,002,668,293.40 | 5.79 |
TOTAL | 69,087,792,998.24 | 100.00 |
Thomas A. Kennedy | ||
Affirmative | 64,964,358,187.70 | 94.03 |
Withheld | 4,123,434,810.54 | 5.97 |
TOTAL | 69,087,792,998.24 | 100.00 |
Oscar Munoz | ||
Affirmative | 64,740,772,159.72 | 93.71 |
Withheld | 4,347,020,838.53 | 6.29 |
TOTAL | 69,087,792,998.24 | 100.00 |
Karen B. Peetz | ||
Affirmative | 64,944,559,251.25 | 94.00 |
Withheld | 4,143,233,746.99 | 6.00 |
TOTAL | 69,087,792,998.24 | 100.00 |
David M. Thomas | ||
Affirmative | 64,792,568,989.40 | 93.78 |
Withheld | 4,295,224,008.84 | 6.22 |
TOTAL | 69,087,792,998.24 | 100.00 |
Susan Tomasky | ||
Affirmative | 64,843,909,948.98 | 93.86 |
Withheld | 4,243,883,049.26 | 6.14 |
TOTAL | 69,087,792,998.24 | 100.00 |
Michael E. Wiley | ||
Affirmative | 64,839,438,084.90 | 93.85 |
Withheld | 4,248,354,913.34 | 6.15 |
TOTAL | 69,087,792,998.24 | 100.00 |
Proposal 1 reflects trust-wide proposal and voting results. |
Item 8.
Changes in and Disagreements with Accountants for Open-End Management Investment Companies
See Item 7.
Item 9.
Proxy Disclosures for Open-End Management Investment Companies
See Item 7.
Item 10.
Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies
See Item 7.
Item 11.
Statement Regarding Basis for Approval of Investment Advisory Contract
See Item 7.
Item 12.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 13.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 14.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 15.
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 trust’s Board of Trustees.
Item 16.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s 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 17.
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) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(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 (Principal Executive Officer) | |
Date: | September 20, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | September 20, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | September 20, 2024 |