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 811-05251
Fidelity Concord Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, 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: | April 30 |
Date of reporting period: | October 31, 2022 |
Item 1.
Reports to Stockholders
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
Alphabet, Inc. Class C | 6.1 | |
UnitedHealth Group, Inc. | 5.7 | |
Microsoft Corp. | 5.6 | |
Marriott International, Inc. Class A | 4.1 | |
Tourmaline Oil Corp. | 4.1 | |
Hess Corp. | 3.9 | |
Regeneron Pharmaceuticals, Inc. | 3.6 | |
Uber Technologies, Inc. | 3.1 | |
Amazon.com, Inc. | 2.7 | |
Steel Dynamics, Inc. | 2.4 | |
41.3 | ||
Market Sectors (% of Fund's net assets) | ||
Consumer Discretionary | 19.6 | |
Information Technology | 17.9 | |
Health Care | 15.1 | |
Communication Services | 11.6 | |
Energy | 11.0 | |
Financials | 9.5 | |
Materials | 4.5 | |
Industrials | 4.4 | |
Consumer Staples | 2.1 | |
Real Estate | 2.1 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 16.1% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Common Stocks - 97.4% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 11.6% | |||
Entertainment - 2.6% | |||
Endeavor Group Holdings, Inc. (a) | 13,725 | 299,754 | |
Netflix, Inc. (a) | 5,418 | 1,581,406 | |
Roblox Corp. (a)(b) | 5,335 | 238,688 | |
Spotify Technology SA (a) | 788 | 63,497 | |
2,183,345 | |||
Interactive Media & Services - 8.5% | |||
Alphabet, Inc. Class C (a) | 52,685 | 4,987,161 | |
Meta Platforms, Inc. Class A (a) | 8,309 | 774,066 | |
VerticalScope Holdings, Inc. (a) | 7,292 | 38,806 | |
Zoominfo Technologies, Inc. (a) | 26,785 | 1,192,736 | |
6,992,769 | |||
Media - 0.5% | |||
S4 Capital PLC (a) | 1,787 | 3,601 | |
The Trade Desk, Inc. (a) | 7,348 | 391,208 | |
394,809 | |||
TOTAL COMMUNICATION SERVICES | 9,570,923 | ||
CONSUMER DISCRETIONARY - 19.6% | |||
Automobiles - 1.3% | |||
Rivian Automotive, Inc. (b) | 1,109 | 38,782 | |
Tesla, Inc. (a) | 4,557 | 1,036,900 | |
1,075,682 | |||
Hotels, Restaurants & Leisure - 5.6% | |||
Airbnb, Inc. Class A (a) | 9,708 | 1,037,882 | |
Dutch Bros, Inc. (a) | 300 | 11,073 | |
Marriott International, Inc. Class A | 21,364 | 3,420,590 | |
Monarch Casino & Resort, Inc. (a) | 618 | 49,075 | |
Penn Entertainment, Inc. (a) | 3,300 | 109,230 | |
4,627,850 | |||
Household Durables - 0.1% | |||
Garmin Ltd. | 665 | 58,547 | |
Internet & Direct Marketing Retail - 7.5% | |||
Amazon.com, Inc. (a) | 22,065 | 2,260,339 | |
Farfetch Ltd. Class A (a)(b) | 7,984 | 67,704 | |
Global-e Online Ltd. (a) | 12,690 | 320,930 | |
Lyft, Inc. (a) | 48,966 | 716,862 | |
Revolve Group, Inc. (a)(b) | 7,600 | 182,400 | |
thredUP, Inc. (a) | 400 | 492 | |
Uber Technologies, Inc. (a) | 94,374 | 2,507,517 | |
Wayfair LLC Class A (a) | 2,097 | 79,518 | |
6,135,762 | |||
Specialty Retail - 1.8% | |||
Aritzia, Inc. (a) | 29,077 | 1,127,778 | |
Auto1 Group SE (a)(c) | 3,871 | 26,071 | |
Industria de Diseno Textil SA | 14,933 | 338,538 | |
1,492,387 | |||
Textiles, Apparel & Luxury Goods - 3.3% | |||
Capri Holdings Ltd. (a) | 15,199 | 694,290 | |
LVMH Moet Hennessy Louis Vuitton SE | 1,357 | 856,260 | |
Moncler SpA | 8,402 | 362,770 | |
On Holding AG (a) | 300 | 5,277 | |
Prada SpA | 99,005 | 450,903 | |
Ralph Lauren Corp. | 3,856 | 357,413 | |
2,726,913 | |||
TOTAL CONSUMER DISCRETIONARY | 16,117,141 | ||
CONSUMER STAPLES - 2.1% | |||
Beverages - 1.7% | |||
Boston Beer Co., Inc. Class A (a) | 820 | 306,098 | |
Monster Beverage Corp. (a) | 12,173 | 1,140,854 | |
1,446,952 | |||
Personal Products - 0.4% | |||
Estee Lauder Companies, Inc. Class A | 1,417 | 284,094 | |
The Beauty Health Co. (a)(b) | 3,100 | 35,433 | |
319,527 | |||
TOTAL CONSUMER STAPLES | 1,766,479 | ||
ENERGY - 11.0% | |||
Energy Equipment & Services - 0.3% | |||
Tenaris SA sponsored ADR | 8,476 | 266,316 | |
Oil, Gas & Consumable Fuels - 10.7% | |||
Continental Resources, Inc. | 5,227 | 386,641 | |
Devon Energy Corp. | 1,897 | 146,733 | |
Hess Corp. | 23,110 | 3,260,359 | |
Pioneer Natural Resources Co. | 5,057 | 1,296,665 | |
Reliance Industries Ltd. | 9,730 | 299,681 | |
Tourmaline Oil Corp. | 59,952 | 3,377,925 | |
8,768,004 | |||
TOTAL ENERGY | 9,034,320 | ||
FINANCIALS - 9.5% | |||
Banks - 1.9% | |||
First Foundation, Inc. | 11,275 | 179,949 | |
First Republic Bank | 6,950 | 834,695 | |
Pinnacle Financial Partners, Inc. | 5,199 | 431,465 | |
Starling Bank Ltd. Series D (a)(d)(e) | 44,800 | 144,882 | |
1,590,991 | |||
Capital Markets - 4.5% | |||
Antin Infrastructure Partners SA | 584 | 12,709 | |
Ares Management Corp. | 4,854 | 368,079 | |
BlackRock, Inc. Class A | 2,911 | 1,880,244 | |
EQT AB | 2,439 | 48,068 | |
Intercontinental Exchange, Inc. | 8,920 | 852,484 | |
Morningstar, Inc. | 2,216 | 514,511 | |
3,676,095 | |||
Consumer Finance - 0.1% | |||
NerdWallet, Inc. | 400 | 4,696 | |
Upstart Holdings, Inc. (a)(b) | 1,650 | 38,247 | |
42,943 | |||
Diversified Financial Services - 1.1% | |||
Berkshire Hathaway, Inc. Class B (a) | 3,208 | 946,649 | |
Insurance - 1.9% | |||
American Financial Group, Inc. | 10,053 | 1,458,791 | |
Arthur J. Gallagher & Co. | 591 | 110,564 | |
1,569,355 | |||
TOTAL FINANCIALS | 7,826,033 | ||
HEALTH CARE - 15.1% | |||
Biotechnology - 5.3% | |||
Argenx SE ADR (a) | 2,172 | 842,584 | |
Blueprint Medicines Corp. (a) | 872 | 45,204 | |
Celldex Therapeutics, Inc. (a) | 5,436 | 190,967 | |
Instil Bio, Inc. (a) | 4,814 | 15,886 | |
Prelude Therapeutics, Inc. (a) | 300 | 2,007 | |
Regeneron Pharmaceuticals, Inc. (a) | 3,997 | 2,992,754 | |
Seagen, Inc. (a) | 1,528 | 194,300 | |
TG Therapeutics, Inc. (a) | 8,748 | 50,913 | |
4,334,615 | |||
Health Care Equipment & Supplies - 0.6% | |||
Inspire Medical Systems, Inc. (a) | 542 | 105,663 | |
Penumbra, Inc. (a) | 2,072 | 355,286 | |
460,949 | |||
Health Care Providers & Services - 7.5% | |||
Cross Country Healthcare, Inc. (a) | 3,450 | 127,961 | |
Guardant Health, Inc. (a) | 2,678 | 132,561 | |
LifeStance Health Group, Inc. (a) | 69,291 | 523,147 | |
Oak Street Health, Inc. (a) | 35,592 | 720,026 | |
The Joint Corp. (a) | 1,173 | 19,378 | |
UnitedHealth Group, Inc. | 8,459 | 4,696,014 | |
6,219,087 | |||
Health Care Technology - 0.1% | |||
Doximity, Inc. (a) | 1,691 | 44,761 | |
Life Sciences Tools & Services - 1.6% | |||
Bio-Rad Laboratories, Inc. Class A (a) | 660 | 232,129 | |
Bruker Corp. | 2,689 | 166,288 | |
Danaher Corp. | 3,627 | 912,807 | |
Stevanato Group SpA | 1,700 | 28,628 | |
1,339,852 | |||
TOTAL HEALTH CARE | 12,399,264 | ||
INDUSTRIALS - 4.4% | |||
Aerospace & Defense - 0.4% | |||
HEICO Corp. Class A | 2,464 | 313,667 | |
Commercial Services & Supplies - 2.8% | |||
Cintas Corp. | 2,008 | 858,520 | |
Rollins, Inc. | 31,963 | 1,345,003 | |
Waste Connections, Inc. (United States) | 764 | 100,779 | |
2,304,302 | |||
Machinery - 0.1% | |||
Hydrogen Refueling Solutions (a)(b) | 3,992 | 97,049 | |
Professional Services - 1.1% | |||
Thomson Reuters Corp. | 8,575 | 911,977 | |
TOTAL INDUSTRIALS | 3,626,995 | ||
INFORMATION TECHNOLOGY - 17.5% | |||
Electronic Equipment & Components - 0.0% | |||
Vontier Corp. | 645 | 12,320 | |
IT Services - 3.0% | |||
Adyen BV (a)(c) | 325 | 463,970 | |
Affirm Holdings, Inc. (a)(b) | 474 | 9,513 | |
CGI, Inc. Class A (sub. vtg.) (a) | 788 | 63,475 | |
Cloudflare, Inc. (a) | 5,766 | 324,741 | |
Globant SA (a) | 3,918 | 739,248 | |
Nuvei Corp. (a)(c) | 190 | 5,718 | |
Okta, Inc. (a) | 2,686 | 150,738 | |
Remitly Global, Inc. (a) | 200 | 2,324 | |
TDCX, Inc. ADR | 300 | 3,882 | |
Toast, Inc. (a) | 18,630 | 411,537 | |
Twilio, Inc. Class A (a) | 3,439 | 255,758 | |
2,430,904 | |||
Semiconductors & Semiconductor Equipment - 2.0% | |||
Analog Devices, Inc. | 9,758 | 1,391,686 | |
NVIDIA Corp. | 1,839 | 248,210 | |
1,639,896 | |||
Software - 12.5% | |||
Adobe, Inc. (a) | 3,399 | 1,082,582 | |
Atlassian Corp. PLC (a) | 3,139 | 636,369 | |
BlackLine, Inc. (a) | 1,616 | 90,496 | |
HashiCorp, Inc. | 200 | 6,146 | |
Intuit, Inc. | 3,337 | 1,426,568 | |
Microsoft Corp. | 19,704 | 4,573,890 | |
Momentive Global, Inc. (a) | 3,844 | 29,829 | |
nCino, Inc. (a) | 84 | 2,644 | |
Salesforce.com, Inc. (a) | 6,074 | 987,572 | |
Samsara, Inc. (b) | 800 | 9,848 | |
Synopsys, Inc. (a) | 1,010 | 295,476 | |
Tenable Holdings, Inc. (a) | 3,351 | 136,185 | |
Workday, Inc. Class A (a) | 5,453 | 849,686 | |
Zscaler, Inc. (a) | 1,306 | 201,255 | |
10,328,546 | |||
TOTAL INFORMATION TECHNOLOGY | 14,411,666 | ||
MATERIALS - 4.5% | |||
Chemicals - 0.3% | |||
Westlake Corp. | 2,233 | 215,819 | |
Metals & Mining - 4.2% | |||
Barrick Gold Corp. | 70,112 | 1,053,783 | |
First Quantum Minerals Ltd. | 27,562 | 486,156 | |
Steel Dynamics, Inc. | 20,956 | 1,970,912 | |
3,510,851 | |||
TOTAL MATERIALS | 3,726,670 | ||
REAL ESTATE - 2.1% | |||
Equity Real Estate Investment Trusts (REITs) - 2.1% | |||
Alexandria Real Estate Equities, Inc. | 2,152 | 312,686 | |
Equity Residential (SBI) | 10,349 | 652,194 | |
Public Storage | 2,395 | 741,851 | |
1,706,731 | |||
TOTAL COMMON STOCKS (Cost $72,595,512) | 80,186,222 | ||
Convertible Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 0.0% | |||
Interactive Media & Services - 0.0% | |||
Reddit, Inc. Series E (a)(d)(e) | 200 | 7,754 | |
INFORMATION TECHNOLOGY - 0.4% | |||
IT Services - 0.4% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 638 | 100,179 | |
Yanka Industries, Inc.: | |||
Series E (a)(d)(e) | 2,484 | 38,328 | |
Series F (a)(d)(e) | 12,743 | 196,624 | |
335,131 | |||
Software - 0.0% | |||
Evozyne LLC Series A (a)(d)(e) | 1,000 | 15,590 | |
TOTAL INFORMATION TECHNOLOGY | 350,721 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $537,084) | 358,475 | ||
Money Market Funds - 3.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (f) | 1,784,651 | 1,785,008 | |
Fidelity Securities Lending Cash Central Fund 3.10% (f)(g) | 695,949 | 696,019 | |
TOTAL MONEY MARKET FUNDS (Cost $2,481,026) | 2,481,027 | ||
TOTAL INVESTMENT IN SECURITIES - 100.8% (Cost $75,613,622) | 83,025,724 |
NET OTHER ASSETS (LIABILITIES) - (0.8)% | (645,856) |
NET ASSETS - 100.0% | 82,379,868 |
(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 $495,759 or 0.6% of net assets. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $503,357 or 0.6% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 69,908 |
Evozyne LLC Series A | 4/09/21 | 22,470 |
Reddit, Inc. Series E | 5/18/21 | 8,495 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 85,152 |
Yanka Industries, Inc. Series E | 5/15/20 | 30,005 |
Yanka Industries, Inc. Series F | 4/08/21 | 406,206 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 7,486,787 | 16,556,307 | 22,258,087 | 36,400 | - | 1 | 1,785,008 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 2,063,628 | 10,943,047 | 12,310,656 | 17,147 | - | - | 696,019 | 0.0% |
Total | 9,550,415 | 27,499,354 | 34,568,743 | 53,547 | - | 1 | 2,481,027 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 9,578,677 | 9,570,923 | - | 7,754 |
Consumer Discretionary | 16,117,141 | 15,260,881 | 856,260 | - |
Consumer Staples | 1,766,479 | 1,766,479 | - | - |
Energy | 9,034,320 | 9,034,320 | - | - |
Financials | 7,826,033 | 7,681,151 | - | 144,882 |
Health Care | 12,399,264 | 12,399,264 | - | - |
Industrials | 3,626,995 | 3,626,995 | - | - |
Information Technology | 14,762,387 | 13,947,696 | 463,970 | 350,721 |
Materials | 3,726,670 | 3,726,670 | - | - |
Real Estate | 1,706,731 | 1,706,731 | - | - |
Money Market Funds | 2,481,027 | 2,481,027 | - | - |
Total Investments in Securities: | 83,025,724 | 81,202,137 | 1,320,230 | 503,357 |
Statement of Assets and Liabilities | ||||
October 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $665,344) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $73,132,596) | $80,544,697 | |||
Fidelity Central Funds (cost $2,481,026) | 2,481,027 | |||
Total Investment in Securities (cost $75,613,622) | $ | 83,025,724 | ||
Receivable for investments sold | 118,693 | |||
Receivable for fund shares sold | 57,990 | |||
Dividends receivable | 7,708 | |||
Distributions receivable from Fidelity Central Funds | 8,171 | |||
Prepaid expenses | 150 | |||
Receivable from investment adviser for expense reductions | 3,155 | |||
Total assets | 83,221,591 | |||
Liabilities | ||||
Payable for fund shares redeemed | $55,555 | |||
Accrued management fee | 45,852 | |||
Distribution and service plan fees payable | 6,535 | |||
Other affiliated payables | 17,584 | |||
Other payables and accrued expenses | 20,178 | |||
Collateral on securities loaned | 696,019 | |||
Total Liabilities | 841,723 | |||
Net Assets | $ | 82,379,868 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 78,070,576 | ||
Total accumulated earnings (loss) | 4,309,292 | |||
Net Assets | $ | 82,379,868 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($9,960,848 ÷ 707,708 shares) (a) | $ | 14.07 | ||
Maximum offering price per share (100/94.25 of $14.07) | $ | 14.93 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($7,956,604 ÷ 569,479 shares) (a) | $ | 13.97 | ||
Maximum offering price per share (100/96.50 of $13.97) | $ | 14.48 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,502,227 ÷ 109,146 shares) (a) | $ | 13.76 | ||
Fidelity Founders Fund : | ||||
Net Asset Value , offering price and redemption price per share ($57,494,982 ÷ 4,059,500 shares) | $ | 14.16 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($1,634,737 ÷ 115,405 shares) | $ | 14.17 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($3,830,470 ÷ 269,508 shares) | $ | 14.21 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended October 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 913,795 | ||
Income from Fidelity Central Funds (including $17,147 from security lending) | 53,547 | |||
Total Income | 967,342 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 259,439 | ||
Performance adjustment | 39,880 | |||
Transfer agent fees | 94,717 | |||
Distribution and service plan fees | 41,205 | |||
Accounting fees | 17,729 | |||
Custodian fees and expenses | 1,812 | |||
Independent trustees' fees and expenses | 176 | |||
Registration fees | 25,627 | |||
Audit | 18,578 | |||
Legal | 328 | |||
Miscellaneous | 300 | |||
Total expenses before reductions | 499,791 | |||
Expense reductions | (27,647) | |||
Total expenses after reductions | 472,144 | |||
Net Investment income (loss) | 495,198 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (3,352,645) | |||
Foreign currency transactions | (3,606) | |||
Total net realized gain (loss) | (3,356,251) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $2,444) | (7,365,033) | |||
Fidelity Central Funds | 1 | |||
Assets and liabilities in foreign currencies | 62 | |||
Total change in net unrealized appreciation (depreciation) | (7,364,970) | |||
Net gain (loss) | (10,721,221) | |||
Net increase (decrease) in net assets resulting from operations | $ | (10,226,023) |
Statement of Changes in Net Assets | ||||
Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 495,198 | $ | 277,310 |
Net realized gain (loss) | (3,356,251) | 4,996,988 | ||
Change in net unrealized appreciation (depreciation) | (7,364,970) | (18,472,780) | ||
Net increase (decrease) in net assets resulting from operations | (10,226,023) | (13,198,482) | ||
Distributions to shareholders | (1,765,450) | (8,615,166) | ||
Share transactions - net increase (decrease) | (16,255,612) | (8,024,643) | ||
Total increase (decrease) in net assets | (28,247,085) | (29,838,291) | ||
Net Assets | ||||
Beginning of period | 110,626,953 | 140,465,244 | ||
End of period | $ | 82,379,868 | $ | 110,626,953 |
Fidelity Advisor® Founders Fund Class A |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.71 | $ | 18.71 | $ | 11.85 | $ | 10.85 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .06 | - D | (.14) | (.05) E | (.02) | |||||
Net realized and unrealized gain (loss) | (1.44) | (1.88) | 7.00 | 1.05 | .87 | |||||
Total from investment operations | (1.38) | (1.88) | 6.86 | 1.00 | .85 | |||||
Distributions from net investment income | - | (.02) | - | - F | - | |||||
Distributions from net realized gain | (.26) | (1.11) | - | - | - | |||||
Total distributions | (.26) | (1.12) G | - | - F | - | |||||
Net asset value, end of period | $ | 14.07 | $ | 15.71 | $ | 18.71 | $ | 11.85 | $ | 10.85 |
Total Return H,I,J | (8.90)% | (10.74)% | 57.89% | 9.25% | 8.50% | |||||
Ratios to Average Net Assets C,K,L | ||||||||||
Expenses before reductions | 1.22% M | 1.17% | 1.25% | 2.05% | 4.81% M | |||||
Expenses net of fee waivers, if any | 1.15% M | 1.15% | 1.25% | 1.25% | 1.25% M | |||||
Expenses net of all reductions | 1.15% M | 1.15% | 1.24% | 1.25% | 1.25% M | |||||
Net investment income (loss) | .81% M | -% D,N | (.83)% | (.47)% E | (.74)% M | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 9,961 | $ | 11,013 | $ | 11,606 | $ | 1,310 | $ | 220 |
Portfolio turnover rate O | 46% M | 47% | 57% | 82% | 4% P |
Fidelity Advisor® Founders Fund Class M |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.62 | $ | 18.62 | $ | 11.82 | $ | 10.85 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .04 | (.04) D | (.17) | (.08) E | (.02) | |||||
Net realized and unrealized gain (loss) | (1.43) | (1.87) | 6.97 | 1.05 | .87 | |||||
Total from investment operations | (1.39) | (1.91) | 6.80 | .97 | .85 | |||||
Distributions from net realized gain | (.26) | (1.09) | - | - | - | |||||
Total distributions | (.26) | (1.09) | - | - | - | |||||
Net asset value, end of period | $ | 13.97 | $ | 15.62 | $ | 18.62 | $ | 11.82 | $ | 10.85 |
Total Return F,G,H | (9.02)% | (10.93)% | 57.53% | 8.94% | 8.50% | |||||
Ratios to Average Net Assets C,I,J | ||||||||||
Expenses before reductions | 1.42% K | 1.39% | 1.46% | 2.14% | 5.05% K | |||||
Expenses net of fee waivers, if any | 1.40% K | 1.38% | 1.46% | 1.50% | 1.50% K | |||||
Expenses net of all reductions | 1.40% K | 1.38% | 1.45% | 1.50% | 1.50% K | |||||
Net investment income (loss) | .57% K | (.24)% D | (1.04)% | (.72)% E | (.99)% K | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 7,957 | $ | 8,562 | $ | 7,357 | $ | 695 | $ | 205 |
Portfolio turnover rate L | 46% K | 47% | 57% | 82% | 4% M |
Fidelity Advisor® Founders Fund Class C |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.43 | $ | 18.41 | $ | 11.75 | $ | 10.84 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | - D | (.14) E | (.26) | (.13) F | (.03) | |||||
Net realized and unrealized gain (loss) | (1.41) | (1.84) | 6.92 | 1.04 | .87 | |||||
Total from investment operations | (1.41) | (1.98) | 6.66 | .91 | .84 | |||||
Distributions from net realized gain | (.26) | (1.00) | - | - | - | |||||
Total distributions | (.26) | (1.00) | - | - | - | |||||
Net asset value, end of period | $ | 13.76 | $ | 15.43 | $ | 18.41 | $ | 11.75 | $ | 10.84 |
Total Return G,H,I | (9.26)% | (11.40)% | 56.68% | 8.39% | 8.40% | |||||
Ratios to Average Net Assets C,J,K | ||||||||||
Expenses before reductions | 2.00% L | 1.99% | 2.04% | 2.64% | 5.67% L | |||||
Expenses net of fee waivers, if any | 1.90% L | 1.91% | 2.00% | 2.00% | 2.00% L | |||||
Expenses net of all reductions | 1.90% L | 1.91% | 1.99% | 2.00% | 2.00% L | |||||
Net investment income (loss) | .06% L | (.76)% E | (1.58)% | (1.22)% F | (1.49)% L | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,502 | $ | 1,717 | $ | 2,035 | $ | 335 | $ | 173 |
Portfolio turnover rate M | 46% L | 47% | 57% | 82% | 4% N |
Fidelity® Founders Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.79 | $ | 18.80 | $ | 11.88 | $ | 10.86 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .08 | .05 D | (.09) | (.02) E | (.01) | |||||
Net realized and unrealized gain (loss) | (1.45) | (1.89) | 7.01 | 1.05 | .87 | |||||
Total from investment operations | (1.37) | (1.84) | 6.92 | 1.03 | .86 | |||||
Distributions from net investment income | - | (.04) | - | (.01) | - | |||||
Distributions from net realized gain | (.26) | (1.13) | - | - | - | |||||
Total distributions | (.26) | (1.17) | - | (.01) | - | |||||
Net asset value, end of period | $ | 14.16 | $ | 15.79 | $ | 18.80 | $ | 11.88 | $ | 10.86 |
Total Return F,G | (8.79)% | (10.48)% | 58.25% | 9.49% | 8.60% | |||||
Ratios to Average Net Assets C,H,I | ||||||||||
Expenses before reductions | .96% J | .90% | .97% | 1.70% | 3.49% J | |||||
Expenses net of fee waivers, if any | .90% J | .90% | .97% | 1.00% | 1.00% J | |||||
Expenses net of all reductions | .90% J | .90% | .97% | 1.00% | 1.00% J | |||||
Net investment income (loss) | 1.07% J | .25% D | (.56)% | (.22)% E | (.48)% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 57,495 | $ | 69,885 | $ | 96,052 | $ | 22,724 | $ | 10,595 |
Portfolio turnover rate K | 46% J | 47% | 57% | 82% | 4% L |
Fidelity Advisor® Founders Fund Class I |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.79 | $ | 18.81 | $ | 11.88 | $ | 10.86 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .08 | .06 D | (.08) | (.02) E | (.01) | |||||
Net realized and unrealized gain (loss) | (1.44) | (1.89) | 7.01 | 1.05 | .87 | |||||
Total from investment operations | (1.36) | (1.83) | 6.93 | 1.03 | .86 | |||||
Distributions from net investment income | - | (.05) | - | (.01) | - | |||||
Distributions from net realized gain | (.26) | (1.14) | - | - | - | |||||
Total distributions | (.26) | (1.19) | - | (.01) | - | |||||
Net asset value, end of period | $ | 14.17 | $ | 15.79 | $ | 18.81 | $ | 11.88 | $ | 10.86 |
Total Return F,G | (8.73)% | (10.45)% | 58.33% | 9.49% | 8.60% | |||||
Ratios to Average Net Assets C,H,I | ||||||||||
Expenses before reductions | .87% J | .85% | .93% | 1.63% | 4.10% J | |||||
Expenses net of fee waivers, if any | .87% J | .85% | .93% | 1.00% | 1.00% J | |||||
Expenses net of all reductions | .87% J | .85% | .92% | 1.00% | 1.00% J | |||||
Net investment income (loss) | 1.09% J | .30% D | (.51)% | (.22)% E | (.48)% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,635 | $ | 1,263 | $ | 1,449 | $ | 467 | $ | 831 |
Portfolio turnover rate K | 46% J | 47% | 57% | 82% | 4% L |
Fidelity Advisor® Founders Fund Class Z |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.83 | $ | 18.86 | $ | 11.90 | $ | 10.86 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .09 | .07 D | (.07) | (.01) E | (.01) | |||||
Net realized and unrealized gain (loss) | (1.45) | (1.89) | 7.03 | 1.06 | .87 | |||||
Total from investment operations | (1.36) | (1.82) | 6.96 | 1.05 | .86 | |||||
Distributions from net investment income | - | (.06) | - | (.01) | - | |||||
Distributions from net realized gain | (.26) | (1.15) | - | - | - | |||||
Total distributions | (.26) | (1.21) | - | (.01) | - | |||||
Net asset value, end of period | $ | 14.21 | $ | 15.83 | $ | 18.86 | $ | 11.90 | $ | 10.86 |
Total Return F,G | (8.70)% | (10.37)% | 58.49% | 9.67% | 8.60% | |||||
Ratios to Average Net Assets C,H,I | ||||||||||
Expenses before reductions | .78% J | .76% | .83% | 1.51% | 3.18% J | |||||
Expenses net of fee waivers, if any | .75% J | .75% | .83% | .85% | .85% J | |||||
Expenses net of all reductions | .75% J | .75% | .82% | .85% | .85% J | |||||
Net investment income (loss) | 1.21% J | .40% D | (.41)% | (.07)% E | (.34)% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,830 | $ | 18,186 | $ | 21,966 | $ | 6,839 | $ | 5,745 |
Portfolio turnover rate K | 46% J | 47% | 57% | 82% | 4% L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $16,918,610 |
Gross unrealized depreciation | (10,284,318) |
Net unrealized appreciation (depreciation) | $6,634,292 |
Tax cost | $76,391,432 |
Purchases ($) | Sales ($) | |
Fidelity Founders Fund | 21,380,046 | 33,836,826 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $12,692 | $176 |
Class M | .25% | .25% | 20,456 | - |
Class C | .75% | .25% | 8,057 | 1,908 |
$41,205 | $2,084 |
Retained by FDC | |
Class A | $4,381 |
Class M | 1,330 |
Class C A | 43 |
$5,754 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $11,844 | .23 |
Class M | 7,673 | .19 |
Class C | 2,156 | .27 |
Fidelity Founders Fund | 68,954 | .22 |
Class I | 980 | .14 |
Class Z | 3,110 | .04 |
$94,717 |
% of Average Net Assets | |
Fidelity Founders Fund | .04 |
Amount | |
Fidelity Founders Fund | $531 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Founders Fund | 2,546,726 | 2,403,567 | 511,522 |
Amount | |
Fidelity Founders Fund | $93 |
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 Founders Fund | $1,819 | $- | $- |
Expense Limitations | Reimbursement | |
Class A | 1.15% | $3,488 |
Class M | 1.40% | 938 |
Class C | 1.90% | 815 |
Fidelity Founders Fund | .90% | 18,714 |
Class I | .90% | - |
Class Z | .75% | 1,845 |
$25,800 |
Six months ended October 31, 2022 | Year ended April 30, 2022 | |
Fidelity Founders Fund | ||
Distributions to shareholders | ||
Class A | $175,407 | $747,250 |
Class M | 142,227 | 497,267 |
Class C | 28,636 | 115,574 |
Fidelity Founders Fund | 1,120,206 | 5,710,291 |
Class I | 21,670 | 89,527 |
Class Z | 277,304 | 1,455,257 |
Total | $1,765,450 | $8,615,166 |
Shares | Shares | Dollars | Dollars | |
Six months ended October 31, 2022 | Year ended April 30, 2022 | Six months ended October 31, 2022 | Year ended April 30, 2022 | |
Fidelity Founders Fund | ||||
Class A | ||||
Shares sold | 76,259 | 253,025 | $ 1,120,655 | $ 4,618,532 |
Reinvestment of distributions | 11,760 | 41,460 | 174,637 | 746,922 |
Shares redeemed | (81,253) | (213,864) | (1,184,749) | (3,766,580) |
Net increase (decrease) | 6,766 | 80,621 | $110,543 | $1,598,874 |
Class M | ||||
Shares sold | 61,853 | 249,831 | $898,883 | $4,479,685 |
Reinvestment of distributions | 9,494 | 27,246 | 140,043 | 488,766 |
Shares redeemed | (50,071) | (123,968) | (710,794) | (2,186,221) |
Net increase (decrease) | 21,276 | 153,109 | $328,132 | $2,782,230 |
Class C | ||||
Shares sold | 15,649 | 55,381 | $230,522 | $1,001,107 |
Reinvestment of distributions | 1,955 | 6,500 | 28,458 | 115,574 |
Shares redeemed | (19,748) | (61,140) | (278,038) | (1,097,217) |
Net increase (decrease) | (2,144) | 741 | $(19,058) | $19,464 |
Fidelity Founders Fund | ||||
Shares sold | 323,613 | 990,019 | $ 4,804,662 | $17,980,786 |
Reinvestment of distributions | 70,312 | 300,918 | 1,049,751 | 5,438,232 |
Shares redeemed | (760,795) | (1,972,420) | (11,007,440) | (35,706,413) |
Net increase (decrease) | (366,870) | (681,483) | $(5,153,027) | $(12,287,395) |
Class I | ||||
Shares sold | 60,710 | 30,672 | $897,943 | $574,317 |
Reinvestment of distributions | 1,451 | 4,742 | 21,670 | 85,719 |
Shares redeemed | (26,785) | (32,428) | (384,930) | (603,024) |
Net increase (decrease) | 35,376 | 2,986 | $534,683 | $57,012 |
Class Z | ||||
Shares sold | 48,058 | 266,682 | $726,674 | $4,985,303 |
Reinvestment of distributions | 18,024 | 78,451 | 269,817 | 1,422,488 |
Shares redeemed | (945,171) | (360,989) | (13,053,376) | (6,602,619) |
Net increase (decrease) | (879,089) | (15,856) | $(12,056,885) | $(194,828) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Founders Fund | ||||||||||
Class A | 1.15% | |||||||||
Actual | $ 1,000 | $ 911.00 | $ 5.54 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.41 | $ 5.85 | |||||||
Class M | 1.40% | |||||||||
Actual | $ 1,000 | $ 909.80 | $ 6.74 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.15 | $ 7.12 | |||||||
Class C | 1.90% | |||||||||
Actual | $ 1,000 | $ 907.40 | $ 9.13 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.63 | $ 9.65 | |||||||
Fidelity® Founders Fund | .90% | |||||||||
Actual | $ 1,000 | $ 912.10 | $ 4.34 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.67 | $ 4.58 | |||||||
Class I | .87% | |||||||||
Actual | $ 1,000 | $ 912.70 | $ 4.19 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.82 | $ 4.43 | |||||||
Class Z | .75% | |||||||||
Actual | $ 1,000 | $ 913.00 | $ 3.62 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.42 | $ 3.82 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
EQT Corp. | 2.5 | |
Molina Healthcare, Inc. | 2.1 | |
Cheniere Energy, Inc. | 2.1 | |
Hess Corp. | 2.0 | |
First Horizon National Corp. | 2.0 | |
Arch Capital Group Ltd. | 1.7 | |
American Financial Group, Inc. | 1.6 | |
Steel Dynamics, Inc. | 1.4 | |
WNS Holdings Ltd. sponsored ADR | 1.4 | |
AECOM | 1.3 | |
18.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 18.5 | |
Industrials | 16.0 | |
Energy | 11.3 | |
Consumer Discretionary | 8.9 | |
Health Care | 7.8 | |
Information Technology | 7.5 | |
Materials | 7.0 | |
Real Estate | 6.4 | |
Utilities | 4.8 | |
Consumer Staples | 3.3 | |
Communication Services | 2.6 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 16% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Common Stocks - 92.7% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 2.6% | |||
Entertainment - 1.0% | |||
Endeavor Group Holdings, Inc. (a)(b) | 1,938,127 | 42,329 | |
Warner Music Group Corp. Class A | 1,316,995 | 34,268 | |
76,597 | |||
Media - 1.6% | |||
Cable One, Inc. | 44,700 | 38,417 | |
Interpublic Group of Companies, Inc. | 2,216,625 | 66,033 | |
Liberty Media Corp. Liberty Media Class A (a) | 328,917 | 17,110 | |
121,560 | |||
TOTAL COMMUNICATION SERVICES | 198,157 | ||
CONSUMER DISCRETIONARY - 8.6% | |||
Auto Components - 1.1% | |||
American Axle & Manufacturing Holdings, Inc. (a) | 4,082,357 | 39,558 | |
Aptiv PLC (a) | 333,798 | 30,399 | |
Magna International, Inc. Class A (sub. vtg.) | 224,647 | 12,519 | |
82,476 | |||
Automobiles - 0.1% | |||
Aston Martin Lagonda Global Holdings PLC (a)(b)(c) | 6,220,090 | 7,533 | |
Hotels, Restaurants & Leisure - 3.1% | |||
Caesars Entertainment, Inc. (a) | 601,500 | 26,304 | |
Churchill Downs, Inc. | 307,714 | 63,977 | |
Domino's Pizza, Inc. | 84,565 | 28,096 | |
Vail Resorts, Inc. | 161,000 | 35,280 | |
Wyndham Hotels & Resorts, Inc. | 1,106,882 | 84,046 | |
237,703 | |||
Household Durables - 1.3% | |||
D.R. Horton, Inc. | 521,168 | 40,067 | |
Mohawk Industries, Inc. (a) | 232,684 | 22,047 | |
NVR, Inc. (a) | 8,629 | 36,568 | |
98,682 | |||
Internet & Direct Marketing Retail - 0.4% | |||
Coupang, Inc. Class A (a) | 1,897,745 | 32,774 | |
Leisure Products - 0.0% | |||
Peloton Interactive, Inc. Class A (a)(b) | 532,015 | 4,469 | |
Specialty Retail - 0.6% | |||
Best Buy Co., Inc. | 254,834 | 17,433 | |
National Vision Holdings, Inc. (a)(b) | 862,932 | 31,963 | |
49,396 | |||
Textiles, Apparel & Luxury Goods - 2.0% | |||
Brunello Cucinelli SpA | 1,486,816 | 86,177 | |
PVH Corp. | 631,381 | 32,402 | |
Tapestry, Inc. | 1,228,044 | 38,904 | |
157,483 | |||
TOTAL CONSUMER DISCRETIONARY | 670,516 | ||
CONSUMER STAPLES - 3.2% | |||
Beverages - 0.5% | |||
Boston Beer Co., Inc. Class A (a) | 105,507 | 39,385 | |
Food & Staples Retailing - 0.4% | |||
Performance Food Group Co. (a) | 628,904 | 32,728 | |
Food Products - 2.0% | |||
Bunge Ltd. | 405,995 | 40,072 | |
Freshpet, Inc. (a)(b) | 456,998 | 26,940 | |
Greencore Group PLC (a) | 24,175,017 | 18,575 | |
Lamb Weston Holdings, Inc. | 470,110 | 40,533 | |
Nomad Foods Ltd. (a) | 1,708,451 | 26,310 | |
152,430 | |||
Household Products - 0.3% | |||
Reynolds Consumer Products, Inc. | 704,300 | 21,509 | |
TOTAL CONSUMER STAPLES | 246,052 | ||
ENERGY - 11.2% | |||
Oil, Gas & Consumable Fuels - 11.2% | |||
Canadian Natural Resources Ltd. (b) | 1,352,432 | 81,115 | |
Cheniere Energy, Inc. | 902,253 | 159,166 | |
Energy Transfer LP | 6,792,688 | 86,743 | |
EQT Corp. | 4,630,639 | 193,745 | |
Golar LNG Ltd. (a) | 1,771,691 | 49,288 | |
Harbour Energy PLC | 5,103,511 | 22,117 | |
Hess Corp. | 1,111,980 | 156,878 | |
Imperial Oil Ltd. | 1,579,345 | 85,914 | |
Range Resources Corp. | 1,327,812 | 37,816 | |
872,782 | |||
FINANCIALS - 18.5% | |||
Banks - 7.4% | |||
BOK Financial Corp. | 736,212 | 81,123 | |
Comerica, Inc. | 800,416 | 56,429 | |
First Horizon National Corp. | 6,227,768 | 152,643 | |
Huntington Bancshares, Inc. | 4,557,664 | 69,185 | |
M&T Bank Corp. | 452,931 | 76,260 | |
UMB Financial Corp. | 548,886 | 45,678 | |
Wintrust Financial Corp. | 956,199 | 89,519 | |
570,837 | |||
Capital Markets - 2.1% | |||
Cboe Global Markets, Inc. | 192,978 | 24,026 | |
Lazard Ltd. Class A | 758,682 | 28,610 | |
Raymond James Financial, Inc. | 392,384 | 46,356 | |
Sixth Street Specialty Lending, Inc. | 1,962,789 | 35,644 | |
TPG, Inc. (b) | 1,052,619 | 32,368 | |
167,004 | |||
Diversified Financial Services - 0.3% | |||
Equitable Holdings, Inc. | 697,924 | 21,370 | |
Insurance - 7.8% | |||
American Financial Group, Inc. | 836,086 | 121,324 | |
American International Group, Inc. | 952,630 | 54,300 | |
Arch Capital Group Ltd. (a) | 2,356,408 | 135,493 | |
Assurant, Inc. | 216,590 | 29,426 | |
Beazley PLC | 4,126,203 | 29,551 | |
First American Financial Corp. | 913,513 | 46,041 | |
Hartford Financial Services Group, Inc. | 664,968 | 48,150 | |
Hiscox Ltd. | 2,746,545 | 28,322 | |
RenaissanceRe Holdings Ltd. | 472,301 | 73,056 | |
The Travelers Companies, Inc. | 232,112 | 42,815 | |
608,478 | |||
Thrifts & Mortgage Finance - 0.9% | |||
Radian Group, Inc. | 3,402,002 | 71,000 | |
TOTAL FINANCIALS | 1,438,689 | ||
HEALTH CARE - 7.2% | |||
Biotechnology - 0.1% | |||
Day One Biopharmaceuticals, Inc. (a) | 485,692 | 10,268 | |
Health Care Equipment & Supplies - 2.0% | |||
Butterfly Network, Inc. Class A (a)(b) | 7,883,098 | 38,627 | |
Hologic, Inc. (a) | 889,137 | 60,283 | |
Masimo Corp. (a) | 272,363 | 35,843 | |
Tandem Diabetes Care, Inc. (a) | 396,800 | 22,280 | |
157,033 | |||
Health Care Providers & Services - 4.4% | |||
Centene Corp. (a) | 1,015,851 | 86,479 | |
Guardant Health, Inc. (a) | 460,677 | 22,804 | |
Henry Schein, Inc. (a) | 442,652 | 30,304 | |
LifeStance Health Group, Inc. (a) | 1,640,901 | 12,389 | |
Molina Healthcare, Inc. (a) | 457,707 | 164,253 | |
Oak Street Health, Inc. (a) | 1,006,959 | 20,371 | |
336,600 | |||
Life Sciences Tools & Services - 0.1% | |||
10X Genomics, Inc. (a) | 280,164 | 7,615 | |
Pharmaceuticals - 0.6% | |||
Recordati SpA | 450,189 | 16,920 | |
UCB SA | 202,720 | 15,290 | |
Viatris, Inc. | 1,502,530 | 15,221 | |
47,431 | |||
TOTAL HEALTH CARE | 558,947 | ||
INDUSTRIALS - 15.7% | |||
Aerospace & Defense - 3.0% | |||
BWX Technologies, Inc. | 495,631 | 28,241 | |
Huntington Ingalls Industries, Inc. | 244,192 | 62,774 | |
Space Exploration Technologies Corp.: | |||
Class A (a)(d)(e) | 1,396,290 | 97,740 | |
Class C (a)(d)(e) | 20,340 | 1,424 | |
Woodward, Inc. | 447,564 | 41,042 | |
231,221 | |||
Air Freight & Logistics - 0.3% | |||
GXO Logistics, Inc. (a) | 607,741 | 22,207 | |
Building Products - 2.0% | |||
Builders FirstSource, Inc. (a) | 1,276,254 | 78,694 | |
Fortune Brands Home & Security, Inc. | 307,376 | 18,541 | |
Owens Corning | 705,918 | 60,434 | |
157,669 | |||
Commercial Services & Supplies - 0.7% | |||
CoreCivic, Inc. (a) | 2,042,559 | 21,386 | |
GFL Environmental, Inc. | 1,075,716 | 29,034 | |
50,420 | |||
Construction & Engineering - 1.3% | |||
AECOM | 1,371,044 | 103,212 | |
Electrical Equipment - 1.9% | |||
Acuity Brands, Inc. | 349,643 | 64,184 | |
Regal Rexnord Corp. | 461,844 | 58,442 | |
Sensata Technologies, Inc. PLC | 697,977 | 28,066 | |
150,692 | |||
Machinery - 3.3% | |||
Allison Transmission Holdings, Inc. | 886,279 | 37,445 | |
Donaldson Co., Inc. | 1,243,328 | 71,429 | |
Fortive Corp. | 682,211 | 43,593 | |
Oshkosh Corp. | 562,977 | 49,542 | |
Otis Worldwide Corp. | 296,976 | 20,978 | |
PACCAR, Inc. | 373,948 | 36,209 | |
259,196 | |||
Marine - 0.1% | |||
Goodbulk Ltd. (a) | 1,405,414 | 7,773 | |
Professional Services - 1.4% | |||
Clarivate Analytics PLC (a) | 641,981 | 6,632 | |
Leidos Holdings, Inc. | 442,953 | 45,000 | |
Science Applications International Corp. | 498,563 | 54,014 | |
105,646 | |||
Road & Rail - 1.2% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 1,331,028 | 63,929 | |
XPO Logistics, Inc. (a) | 607,741 | 31,445 | |
95,374 | |||
Trading Companies & Distributors - 0.5% | |||
Beacon Roofing Supply, Inc. (a) | 647,096 | 36,464 | |
TOTAL INDUSTRIALS | 1,219,874 | ||
INFORMATION TECHNOLOGY - 7.5% | |||
Communications Equipment - 0.7% | |||
Ericsson (B Shares) | 3,497,862 | 19,446 | |
Lumentum Holdings, Inc. (a) | 497,114 | 37,010 | |
56,456 | |||
Electronic Equipment & Components - 1.0% | |||
Fabrinet (a) | 436,628 | 49,950 | |
Keysight Technologies, Inc. (a) | 145,630 | 25,361 | |
75,311 | |||
IT Services - 4.0% | |||
Akamai Technologies, Inc. (a) | 333,112 | 29,424 | |
Amdocs Ltd. | 364,090 | 31,425 | |
Concentrix Corp. | 252,650 | 30,881 | |
Euronet Worldwide, Inc. (a) | 342,970 | 28,813 | |
MongoDB, Inc. Class A (a) | 119,088 | 21,797 | |
SS&C Technologies Holdings, Inc. | 447,084 | 22,989 | |
Verra Mobility Corp. (a) | 2,228,807 | 38,046 | |
WNS Holdings Ltd. sponsored ADR (a) | 1,264,961 | 108,888 | |
312,263 | |||
Semiconductors & Semiconductor Equipment - 0.4% | |||
SiTime Corp. (a) | 165,135 | 14,831 | |
Skyworks Solutions, Inc. | 176,200 | 15,155 | |
29,986 | |||
Software - 1.4% | |||
Aspen Technology, Inc. (a) | 161,542 | 39,004 | |
Black Knight, Inc. (a) | 466,685 | 28,220 | |
Dynatrace, Inc. (a) | 1,141,086 | 40,212 | |
107,436 | |||
TOTAL INFORMATION TECHNOLOGY | 581,452 | ||
MATERIALS - 7.0% | |||
Chemicals - 1.9% | |||
Cabot Corp. | 352,186 | 25,879 | |
CF Industries Holdings, Inc. | 508,559 | 54,039 | |
LG Chemical Ltd. | 66,066 | 28,976 | |
Nutrien Ltd. | 448,228 | 37,872 | |
146,766 | |||
Containers & Packaging - 1.1% | |||
Avery Dennison Corp. | 152,603 | 25,874 | |
O-I Glass, Inc. (a) | 3,924,652 | 64,011 | |
89,885 | |||
Metals & Mining - 4.0% | |||
Commercial Metals Co. | 1,362,212 | 61,981 | |
Franco-Nevada Corp. | 314,510 | 38,860 | |
Freeport-McMoRan, Inc. | 1,197,573 | 37,951 | |
Lundin Mining Corp. | 5,339,656 | 27,985 | |
Newcrest Mining Ltd. | 1,200,246 | 13,293 | |
Novagold Resources, Inc. (a) | 3,769,641 | 17,405 | |
Steel Dynamics, Inc. | 1,194,287 | 112,323 | |
309,798 | |||
TOTAL MATERIALS | 546,449 | ||
REAL ESTATE - 6.4% | |||
Equity Real Estate Investment Trusts (REITs) - 5.8% | |||
Apartment Income (REIT) Corp. | 839,366 | 32,257 | |
Cousins Properties, Inc. | 1,215,272 | 28,875 | |
Equity Residential (SBI) | 567,807 | 35,783 | |
Gaming & Leisure Properties | 1,263,865 | 63,345 | |
Healthcare Trust of America, Inc. | 3,126,774 | 63,567 | |
National Retail Properties, Inc. | 1,311,968 | 55,142 | |
Realty Income Corp. | 801,634 | 49,918 | |
Spirit Realty Capital, Inc. | 1,113,585 | 43,241 | |
VICI Properties, Inc. | 1,967,836 | 63,010 | |
Welltower Op | 239,330 | 14,609 | |
449,747 | |||
Real Estate Management & Development - 0.6% | |||
Jones Lang LaSalle, Inc. (a) | 284,208 | 45,215 | |
TOTAL REAL ESTATE | 494,962 | ||
UTILITIES - 4.8% | |||
Electric Utilities - 2.9% | |||
Alliant Energy Corp. | 1,129,436 | 58,923 | |
FirstEnergy Corp. | 1,020,376 | 38,478 | |
IDACORP, Inc. | 506,814 | 53,063 | |
OGE Energy Corp. | 1,919,832 | 70,323 | |
220,787 | |||
Gas Utilities - 0.6% | |||
Atmos Energy Corp. | 434,681 | 46,315 | |
Independent Power and Renewable Electricity Producers - 0.9% | |||
The AES Corp. | 1,411,655 | 36,929 | |
Vistra Corp. | 1,576,173 | 36,205 | |
73,134 | |||
Multi-Utilities - 0.4% | |||
NiSource, Inc. | 1,192,566 | 30,637 | |
TOTAL UTILITIES | 370,873 | ||
TOTAL COMMON STOCKS (Cost $5,435,933) | 7,198,753 | ||
Convertible Preferred Stocks - 1.3% | |||
Shares | Value ($) (000s) | ||
CONSUMER DISCRETIONARY - 0.3% | |||
Textiles, Apparel & Luxury Goods - 0.3% | |||
Bolt Threads, Inc.: | |||
Series D (a)(d)(e) | 976,285 | 9,333 | |
Series E (a)(d)(e) | 1,419,309 | 13,569 | |
22,902 | |||
CONSUMER STAPLES - 0.1% | |||
Food Products - 0.1% | |||
Bowery Farming, Inc. Series C1 (a)(d)(e) | 466,468 | 11,993 | |
HEALTH CARE - 0.6% | |||
Biotechnology - 0.6% | |||
National Resilience, Inc. Series B (a)(d)(e) | 711,831 | 43,229 | |
INDUSTRIALS - 0.3% | |||
Aerospace & Defense - 0.2% | |||
Space Exploration Technologies Corp. Series H (a)(d)(e) | 18,837 | 13,186 | |
Construction & Engineering - 0.1% | |||
Beta Technologies, Inc. Series B, 6.00% (d)(e) | 145,591 | 12,000 | |
TOTAL INDUSTRIALS | 25,186 | ||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $96,282) | 103,310 | ||
Other - 0.1% | |||
Shares | Value ($) (000s) | ||
ENERGY - 0.1% | |||
Oil, Gas & Consumable Fuels - 0.1% | |||
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f) (Cost $20,398) | 20,397,834 | 5,979 | |
Money Market Funds - 7.7% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 3.10% (g) | 482,535,201 | 482,632 | |
Fidelity Securities Lending Cash Central Fund 3.10% (g)(h) | 111,781,918 | 111,793 | |
TOTAL MONEY MARKET FUNDS (Cost $594,423) | 594,425 | ||
TOTAL INVESTMENT IN SECURITIES - 101.8% (Cost $6,147,036) | 7,902,467 |
NET OTHER ASSETS (LIABILITIES) - (1.8)% | (137,366) |
NET ASSETS - 100.0% | 7,765,101 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $7,533,000 or 0.1% of net assets. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $208,453,000 or 2.7% of net assets. |
(e) | Level 3 security |
(f) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Beta Technologies, Inc. Series B, 6.00% | 4/04/22 | 15,021 |
Bolt Threads, Inc. Series D | 12/13/17 | 15,659 |
Bolt Threads, Inc. Series E | 2/07/20 - 9/02/21 | 25,230 |
Bowery Farming, Inc. Series C1 | 5/18/21 | 28,104 |
National Resilience, Inc. Series B | 12/01/20 | 9,724 |
Space Exploration Technologies Corp. Class A | 4/08/16 - 9/11/17 | 14,283 |
Space Exploration Technologies Corp. Class C | 9/11/17 | 275 |
Space Exploration Technologies Corp. Series H | 8/04/17 | 2,543 |
Utica Shale Drilling Program (non-operating revenue interest) | 10/05/16 - 9/01/17 | 20,398 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 262,591 | 833,105 | 613,064 | 4,088 | - | - | 482,632 | 1.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 127,217 | 755,204 | 770,628 | 566 | - | - | 111,793 | 0.3% |
Total | 389,808 | 1,588,309 | 1,383,692 | 4,654 | - | - | 594,425 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 198,157 | 198,157 | - | - |
Consumer Discretionary | 693,418 | 670,516 | - | 22,902 |
Consumer Staples | 258,045 | 246,052 | - | 11,993 |
Energy | 872,782 | 872,782 | - | - |
Financials | 1,438,689 | 1,438,689 | - | - |
Health Care | 602,176 | 558,947 | - | 43,229 |
Industrials | 1,245,060 | 1,120,710 | - | 124,350 |
Information Technology | 581,452 | 562,006 | 19,446 | - |
Materials | 546,449 | 533,156 | 13,293 | - |
Real Estate | 494,962 | 494,962 | - | - |
Utilities | 370,873 | 370,873 | - | - |
Other | 5,979 | - | - | 5,979 |
Money Market Funds | 594,425 | 594,425 | - | - |
Total Investments in Securities: | 7,902,467 | 7,661,275 | 32,739 | 208,453 |
(Amounts in thousands) | |||
Investments in Securities: | |||
Industrials | |||
Beginning Balance | $ | 113,930 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | 19,449 | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (9,029) | ||
Ending Balance | $ | 124,350 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022 | $ | 19,449 | |
Other Investments in Securities | |||
Beginning Balance | $ | 114,057 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (29,954) | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 84,103 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022 | $ | (29,954) | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | October 31, 2022 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $108,405) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,552,613) | $7,308,042 | |||
Fidelity Central Funds (cost $594,423) | 594,425 | |||
Total Investment in Securities (cost $6,147,036) | $ | 7,902,467 | ||
Restricted cash | 1,058 | |||
Receivable for fund shares sold | 29,086 | |||
Dividends receivable | 3,238 | |||
Distributions receivable from Fidelity Central Funds | 1,068 | |||
Prepaid expenses | 11 | |||
Other receivables | 312 | |||
Total assets | 7,937,240 | |||
Liabilities | ||||
Payable for investments purchased | $51,624 | |||
Payable for fund shares redeemed | 3,341 | |||
Accrued management fee | 4,253 | |||
Other affiliated payables | 787 | |||
Other payables and accrued expenses | 361 | |||
Collateral on securities loaned | 111,773 | |||
Total Liabilities | 172,139 | |||
Net Assets | $ | 7,765,101 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,966,276 | ||
Total accumulated earnings (loss) | 1,798,825 | |||
Net Assets | $ | 7,765,101 | ||
Net Asset Value and Maximum Offering Price | ||||
Mid-Cap Stock : | ||||
Net Asset Value , offering price and redemption price per share ($6,480,079 ÷ 171,763 shares) | $ | 37.73 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($1,285,022 ÷ 34,013 shares) | $ | 37.78 |
Statement of Operations | ||||
Amounts in thousands | Six months ended October 31, 2022 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 75,967 | ||
Income from Fidelity Central Funds (including $566 from security lending) | 4,654 | |||
Total Income | 80,621 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 18,720 | ||
Performance adjustment | 6,717 | |||
Transfer agent fees | 4,250 | |||
Accounting fees | 533 | |||
Custodian fees and expenses | 37 | |||
Independent trustees' fees and expenses | 12 | |||
Registration fees | 74 | |||
Audit | 55 | |||
Legal | 4 | |||
Miscellaneous | 19 | |||
Total expenses before reductions | 30,421 | |||
Expense reductions | (128) | |||
Total expenses after reductions | 30,293 | |||
Net Investment income (loss) | 50,328 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,902 | |||
Foreign currency transactions | (207) | |||
Total net realized gain (loss) | 2,695 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (84,936) | |||
Assets and liabilities in foreign currencies | 63 | |||
Total change in net unrealized appreciation (depreciation) | (84,873) | |||
Net gain (loss) | (82,178) | |||
Net increase (decrease) in net assets resulting from operations | $ | (31,850) |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 50,328 | $ | 83,353 |
Net realized gain (loss) | 2,695 | 759,051 | ||
Change in net unrealized appreciation (depreciation) | (84,873) | (750,444) | ||
Net increase (decrease) in net assets resulting from operations | (31,850) | 91,960 | ||
Distributions to shareholders | (321,358) | (977,940) | ||
Share transactions - net increase (decrease) | 743,537 | 278,616 | ||
Total increase (decrease) in net assets | 390,329 | (607,364) | ||
Net Assets | ||||
Beginning of period | 7,374,772 | 7,982,136 | ||
End of period | $ | 7,765,101 | $ | 7,374,772 |
Fidelity® Mid-Cap Stock Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.74 | $ | 44.52 | $ | 28.96 | $ | 35.31 | $ | 38.38 | $ | 36.62 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .26 | .44 | .35 | .31 | .34 | .22 | ||||||
Net realized and unrealized gain (loss) | (.54) | .18 | 17.71 | (4.29) | 2.26 | 4.30 | ||||||
Total from investment operations | (.28) | .62 | 18.06 | (3.98) | 2.60 | 4.52 | ||||||
Distributions from net investment income | - | (.48) | (.39) C | (.35) | (.29) | (.22) | ||||||
Distributions from net realized gain | (1.73) | (4.91) | (2.10) C | (2.02) | (5.38) | (2.55) | ||||||
Total distributions | (1.73) | (5.40) D | (2.50) D | (2.37) | (5.67) | (2.76) D | ||||||
Net asset value, end of period | $ | 37.73 | $ | 39.74 | $ | 44.52 | $ | 28.96 | $ | 35.31 | $ | 38.38 |
Total Return E,F | (.63)% | 1.17% | 64.86% | (12.42)% | 7.90% | 12.66% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .87% I | .79% | .77% | .86% | .68% | .61% | ||||||
Expenses net of fee waivers, if any | .87% I | .79% | .77% | .86% | .67% | .61% | ||||||
Expenses net of all reductions | .87% I | .79% | .76% | .86% | .67% | .61% | ||||||
Net investment income (loss) | 1.40% I | 1.05% | .97% | .90% | .93% | .58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 6,480 | $ | 6,034 | $ | 6,020 | $ | 4,125 | $ | 5,373 | $ | 5,629 |
Portfolio turnover rate J | 14% I,K | 17% K | 30% K | 36% K | 29% | 22% |
Fidelity® Mid-Cap Stock Fund Class K |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.77 | $ | 44.55 | $ | 28.98 | $ | 35.32 | $ | 38.40 | $ | 36.64 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .28 | .48 | .38 | .34 | .37 | .26 | ||||||
Net realized and unrealized gain (loss) | (.54) | .17 | 17.72 | (4.27) | 2.26 | 4.30 | ||||||
Total from investment operations | (.26) | .65 | 18.10 | (3.93) | 2.63 | 4.56 | ||||||
Distributions from net investment income | - | (.51) | (.43) C | (.39) | (.33) | (.26) | ||||||
Distributions from net realized gain | (1.73) | (4.93) | (2.10) C | (2.02) | (5.38) | (2.55) | ||||||
Total distributions | (1.73) | (5.43) D | (2.53) | (2.41) | (5.71) | (2.80) D | ||||||
Net asset value, end of period | $ | 37.78 | $ | 39.77 | $ | 44.55 | $ | 28.98 | $ | 35.32 | $ | 38.40 |
Total Return E,F | (.57)% | 1.26% | 65.01% | (12.30)% | 7.99% | 12.78% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .78% I | .70% | .67% | .76% | .57% | .51% | ||||||
Expenses net of fee waivers, if any | .77% I | .70% | .67% | .76% | .57% | .51% | ||||||
Expenses net of all reductions | .77% I | .70% | .66% | .76% | .57% | .50% | ||||||
Net investment income (loss) | 1.49% I | 1.13% | 1.07% | 1.00% | 1.03% | .69% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 1,285 | $ | 1,341 | $ | 1,962 | $ | 1,496 | $ | 2,348 | $ | 2,354 |
Portfolio turnover rate J | 14% I,K | 17% K | 30% K | 36% K | 29% | 22% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $202,474 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.3-22.5/9.3 | Increase |
Market approach | Transaction price | $60.73 | Increase | ||
Other | $5,979 | Discounted cash flow | Weighted Average Cost of Capital (WACC) | 1.2% | Decrease |
Fidelity Mid-Cap Stock Fund | $312 |
Gross unrealized appreciation | $2,346,673 |
Gross unrealized depreciation | (597,162) |
Net unrealized appreciation (depreciation) | $1,749,511 |
Tax cost | $6,152,956 |
$ Amount | % of Net Assets | |
Fidelity Mid-Cap Stock Fund | 7,037 | .09 |
Purchases ($) | Sales ($) | |
Fidelity Mid-Cap Stock Fund | 836,176 | 459,373 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Mid-Cap Stock Fund | 684 | 7,082 | 24,329 | Class K |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Mid-Cap Stock Fund | 6,705 | 109,642 | 278,103 | Class K |
Amount | % of Class-Level Average Net Assets A | |
Mid-Cap Stock | $3,983 | .14 |
Class K | 267 | .04 |
$4,250 |
% of Average Net Assets | |
Fidelity Mid-Cap Stock Fund | .01 |
Amount | |
Fidelity Mid-Cap Stock Fund | $17 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Mid-Cap Stock Fund | 55,840 | 30,948 | 1,103 |
Amount | |
Fidelity Mid-Cap Stock Fund | $6 |
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 Mid-Cap Stock Fund | $60 | $- | $- |
Six months ended October 31, 2022 | Year ended April 30, 2022 | |
Fidelity Mid-Cap Stock Fund | ||
Distributions to shareholders | ||
Mid-Cap Stock | $263,277 | $764,959 |
Class K | 58,081 | 212,981 |
Total | $321,358 | $977,940 |
Shares | Shares | Dollars | Dollars | |
Six months ended October 31, 2022 | Year ended April 30, 2022 | Six months ended October 31, 2022 | Year ended April 30, 2022 | |
Fidelity Mid-Cap Stock Fund | ||||
Mid-Cap Stock | ||||
Shares sold | 27,530 | 18,670 | $ 1,016,773 | $793,933 |
Reinvestment of distributions | 6,621 | 17,246 | 245,918 | 719,056 |
Shares redeemed | (14,226) | (19,295) | (531,449) | (806,870) |
Net increase (decrease) | 19,925 | 16,621 | $731,242 | $706,119 |
Class K | ||||
Shares sold | 3,349 | 8,198 | $124,164 | $346,641 |
Reinvestment of distributions | 1,563 | 5,088 | 58,081 | 212,981 |
Shares redeemed | (4,614) | (23,612) | (169,950) | (987,125) |
Net increase (decrease) | 298 | (10,326) | $12,295 | $(427,503) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Mid-Cap Stock Fund | ||||||||||
Fidelity® Mid-Cap Stock | .87% | |||||||||
Actual | $ 1,000 | $ 993.70 | $ 4.37 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.82 | $ 4.43 | |||||||
Class K | .77% | |||||||||
Actual | $ 1,000 | $ 994.30 | $ 3.87 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.32 | $ 3.92 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
EQT Corp. | 2.8 | |
Molina Healthcare, Inc. | 2.4 | |
Cheniere Energy, Inc. | 2.3 | |
Hess Corp. | 2.3 | |
First Horizon National Corp. | 2.2 | |
Arch Capital Group Ltd. | 1.9 | |
American Financial Group, Inc. | 1.8 | |
Steel Dynamics, Inc. | 1.5 | |
WNS Holdings Ltd. sponsored ADR | 1.4 | |
AECOM | 1.4 | |
20.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 20.5 | |
Industrials | 15.2 | |
Energy | 12.5 | |
Consumer Discretionary | 8.6 | |
Health Care | 7.9 | |
Materials | 7.4 | |
Information Technology | 6.7 | |
Real Estate | 6.6 | |
Utilities | 5.1 | |
Consumer Staples | 3.0 | |
Communication Services | 2.3 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 16.1% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Common Stocks - 95.4% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.3% | |||
Entertainment - 1.0% | |||
Endeavor Group Holdings, Inc. (a)(b) | 161,847 | 3,534,738 | |
Warner Music Group Corp. Class A | 87,116 | 2,266,758 | |
5,801,496 | |||
Media - 1.3% | |||
Cable One, Inc. | 700 | 601,601 | |
Interpublic Group of Companies, Inc. | 183,776 | 5,474,687 | |
Liberty Media Corp. Liberty Media Class A (a) | 28,355 | 1,475,027 | |
7,551,315 | |||
TOTAL COMMUNICATION SERVICES | 13,352,811 | ||
CONSUMER DISCRETIONARY - 8.6% | |||
Auto Components - 1.0% | |||
American Axle & Manufacturing Holdings, Inc. (a) | 283,539 | 2,747,493 | |
Aptiv PLC (a) | 21,152 | 1,926,313 | |
Magna International, Inc. Class A (sub. vtg.) | 18,196 | 1,014,013 | |
5,687,819 | |||
Automobiles - 0.1% | |||
Aston Martin Lagonda Global Holdings PLC (a)(c) | 515,630 | 624,439 | |
Hotels, Restaurants & Leisure - 2.8% | |||
Caesars Entertainment, Inc. (a) | 36,142 | 1,580,490 | |
Churchill Downs, Inc. | 22,703 | 4,720,181 | |
Domino's Pizza, Inc. | 5,293 | 1,758,546 | |
Vail Resorts, Inc. | 10,400 | 2,278,952 | |
Wyndham Hotels & Resorts, Inc. | 83,609 | 6,348,431 | |
16,686,600 | |||
Household Durables - 1.4% | |||
D.R. Horton, Inc. | 42,892 | 3,297,537 | |
Mohawk Industries, Inc. (a) | 19,170 | 1,816,358 | |
NVR, Inc. (a) | 765 | 3,241,879 | |
8,355,774 | |||
Internet & Direct Marketing Retail - 0.5% | |||
Coupang, Inc. Class A (a) | 157,012 | 2,711,597 | |
Leisure Products - 0.1% | |||
Peloton Interactive, Inc. Class A (a)(b) | 45,350 | 380,940 | |
Specialty Retail - 0.6% | |||
Best Buy Co., Inc. | 21,319 | 1,458,433 | |
National Vision Holdings, Inc. (a)(b) | 55,035 | 2,038,496 | |
3,496,929 | |||
Textiles, Apparel & Luxury Goods - 2.1% | |||
Brunello Cucinelli SpA | 104,908 | 6,080,558 | |
PVH Corp. | 53,624 | 2,751,984 | |
Tapestry, Inc. | 104,151 | 3,299,504 | |
12,132,046 | |||
TOTAL CONSUMER DISCRETIONARY | 50,076,144 | ||
CONSUMER STAPLES - 2.9% | |||
Beverages - 0.6% | |||
Boston Beer Co., Inc. Class A (a) | 8,741 | 3,262,928 | |
Food & Staples Retailing - 0.4% | |||
Performance Food Group Co. (a) | 49,996 | 2,601,792 | |
Food Products - 1.9% | |||
Bunge Ltd. | 34,064 | 3,362,117 | |
Freshpet, Inc. (a)(b) | 38,362 | 2,261,440 | |
Greencore Group PLC (a) | 2,019,131 | 1,551,411 | |
Lamb Weston Holdings, Inc. | 39,102 | 3,371,374 | |
Nomad Foods Ltd. (a) | 52,233 | 804,388 | |
11,350,730 | |||
TOTAL CONSUMER STAPLES | 17,215,450 | ||
ENERGY - 12.5% | |||
Oil, Gas & Consumable Fuels - 12.5% | |||
Canadian Natural Resources Ltd. | 114,003 | 6,837,586 | |
Cheniere Energy, Inc. | 75,443 | 13,308,900 | |
Energy Transfer LP | 570,880 | 7,290,138 | |
EQT Corp. | 387,509 | 16,213,376 | |
Golar LNG Ltd. (a) | 149,609 | 4,162,122 | |
Harbour Energy PLC | 426,019 | 1,846,263 | |
Hess Corp. | 93,731 | 13,223,569 | |
Imperial Oil Ltd. | 133,019 | 7,236,054 | |
Range Resources Corp. | 110,763 | 3,154,530 | |
73,272,538 | |||
FINANCIALS - 20.5% | |||
Banks - 8.1% | |||
BOK Financial Corp. | 61,070 | 6,729,303 | |
Comerica, Inc. | 67,658 | 4,769,889 | |
First Horizon National Corp. | 520,897 | 12,767,185 | |
Huntington Bancshares, Inc. | 377,662 | 5,732,909 | |
M&T Bank Corp. | 38,183 | 6,428,872 | |
UMB Financial Corp. | 45,543 | 3,790,088 | |
Wintrust Financial Corp. | 79,417 | 7,435,020 | |
47,653,266 | |||
Capital Markets - 2.4% | |||
Cboe Global Markets, Inc. | 16,162 | 2,012,169 | |
Lazard Ltd. Class A | 63,522 | 2,395,415 | |
Raymond James Financial, Inc. | 32,351 | 3,821,947 | |
Sixth Street Specialty Lending, Inc. | 162,922 | 2,958,664 | |
TPG, Inc. (b) | 88,729 | 2,728,417 | |
13,916,612 | |||
Diversified Financial Services - 0.3% | |||
Equitable Holdings, Inc. | 58,289 | 1,784,809 | |
Insurance - 8.7% | |||
American Financial Group, Inc. | 70,081 | 10,169,454 | |
American International Group, Inc. | 79,259 | 4,517,763 | |
Arch Capital Group Ltd. (a) | 197,138 | 11,335,435 | |
Assurant, Inc. | 18,042 | 2,451,186 | |
Beazley PLC | 349,898 | 2,505,888 | |
First American Financial Corp. | 75,743 | 3,817,447 | |
Hartford Financial Services Group, Inc. | 56,403 | 4,084,141 | |
Hiscox Ltd. | 212,245 | 2,188,676 | |
RenaissanceRe Holdings Ltd. (b) | 39,102 | 6,048,297 | |
The Travelers Companies, Inc. | 19,651 | 3,624,823 | |
50,743,110 | |||
Thrifts & Mortgage Finance - 1.0% | |||
Radian Group, Inc. | 286,692 | 5,983,262 | |
TOTAL FINANCIALS | 120,081,059 | ||
HEALTH CARE - 7.8% | |||
Biotechnology - 0.2% | |||
Day One Biopharmaceuticals, Inc. (a) | 40,011 | 845,833 | |
Health Care Equipment & Supplies - 2.0% | |||
Butterfly Network, Inc. Class A (a)(b) | 655,521 | 3,212,053 | |
Hologic, Inc. (a) | 73,466 | 4,980,995 | |
Masimo Corp. (a) | 14,737 | 1,939,389 | |
Tandem Diabetes Care, Inc. (a) | 32,400 | 1,819,260 | |
11,951,697 | |||
Health Care Providers & Services - 4.8% | |||
Centene Corp. (a) | 85,414 | 7,271,294 | |
Guardant Health, Inc. (a) | 37,249 | 1,843,826 | |
Henry Schein, Inc. (a) | 36,393 | 2,491,465 | |
LifeStance Health Group, Inc. (a) | 133,139 | 1,005,199 | |
Molina Healthcare, Inc. (a) | 38,246 | 13,724,960 | |
Oak Street Health, Inc. (a) | 84,891 | 1,717,345 | |
28,054,089 | |||
Life Sciences Tools & Services - 0.1% | |||
10X Genomics, Inc. (a) | 22,639 | 615,328 | |
Pharmaceuticals - 0.7% | |||
Recordati SpA | 37,720 | 1,417,636 | |
UCB SA | 16,389 | 1,236,111 | |
Viatris, Inc. | 126,684 | 1,283,309 | |
3,937,056 | |||
TOTAL HEALTH CARE | 45,404,003 | ||
INDUSTRIALS - 15.0% | |||
Aerospace & Defense - 1.8% | |||
BWX Technologies, Inc. | 38,352 | 2,185,297 | |
Huntington Ingalls Industries, Inc. | 19,242 | 4,946,541 | |
Woodward, Inc. | 34,925 | 3,202,623 | |
10,334,461 | |||
Air Freight & Logistics - 0.3% | |||
GXO Logistics, Inc. (a) | 49,951 | 1,825,210 | |
Building Products - 2.2% | |||
Builders FirstSource, Inc. (a) | 107,659 | 6,638,254 | |
Fortune Brands Home & Security, Inc. | 25,750 | 1,553,240 | |
Owens Corning | 54,513 | 4,666,858 | |
12,858,352 | |||
Commercial Services & Supplies - 0.6% | |||
CoreCivic, Inc. (a) | 155,116 | 1,624,065 | |
GFL Environmental, Inc. | 82,965 | 2,239,236 | |
3,863,301 | |||
Construction & Engineering - 1.4% | |||
AECOM | 107,248 | 8,073,629 | |
Electrical Equipment - 2.0% | |||
Acuity Brands, Inc. | 27,015 | 4,959,144 | |
Regal Rexnord Corp. | 35,698 | 4,517,225 | |
Sensata Technologies, Inc. PLC | 53,498 | 2,151,155 | |
11,627,524 | |||
Machinery - 3.4% | |||
Allison Transmission Holdings, Inc. | 67,953 | 2,871,014 | |
Donaldson Co., Inc. | 95,870 | 5,507,732 | |
Fortive Corp. | 52,721 | 3,368,872 | |
Oshkosh Corp. | 44,500 | 3,916,000 | |
Otis Worldwide Corp. | 23,069 | 1,629,594 | |
PACCAR, Inc. | 28,451 | 2,754,910 | |
20,048,122 | |||
Marine - 0.1% | |||
Goodbulk Ltd. (a) | 73,287 | 405,343 | |
Professional Services - 1.3% | |||
Clarivate Analytics PLC (a)(b) | 51,312 | 530,053 | |
Leidos Holdings, Inc. | 33,904 | 3,444,307 | |
Science Applications International Corp. | 32,860 | 3,560,052 | |
7,534,412 | |||
Road & Rail - 1.4% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 112,370 | 5,397,131 | |
XPO Logistics, Inc. (a) | 50,807 | 2,628,754 | |
8,025,885 | |||
Trading Companies & Distributors - 0.5% | |||
Beacon Roofing Supply, Inc. (a) | 55,528 | 3,129,003 | |
TOTAL INDUSTRIALS | 87,725,242 | ||
INFORMATION TECHNOLOGY - 6.7% | |||
Communications Equipment - 0.7% | |||
Ericsson (B Shares) | 264,783 | 1,472,020 | |
Lumentum Holdings, Inc. (a) | 37,058 | 2,758,968 | |
4,230,988 | |||
Electronic Equipment & Components - 1.0% | |||
Fabrinet (a) | 33,103 | 3,786,983 | |
Keysight Technologies, Inc. (a) | 11,084 | 1,930,279 | |
5,717,262 | |||
IT Services - 3.5% | |||
Akamai Technologies, Inc. (a) | 27,635 | 2,441,000 | |
Concentrix Corp. | 19,452 | 2,377,618 | |
Euronet Worldwide, Inc. (a) | 26,054 | 2,188,797 | |
MongoDB, Inc. Class A (a) | 9,103 | 1,666,122 | |
SS&C Technologies Holdings, Inc. | 10,355 | 532,454 | |
Verra Mobility Corp. (a) | 169,086 | 2,886,298 | |
WNS Holdings Ltd. sponsored ADR (a) | 96,863 | 8,337,967 | |
20,430,256 | |||
Semiconductors & Semiconductor Equipment - 0.4% | |||
SiTime Corp. (a) | 13,578 | 1,219,440 | |
Skyworks Solutions, Inc. | 13,454 | 1,157,179 | |
2,376,619 | |||
Software - 1.1% | |||
Aspen Technology, Inc. (a) | 12,123 | 2,927,098 | |
Black Knight, Inc. (a) | 26,175 | 1,582,802 | |
Dynatrace, Inc. (a) | 62,408 | 2,199,258 | |
6,709,158 | |||
TOTAL INFORMATION TECHNOLOGY | 39,464,283 | ||
MATERIALS - 7.4% | |||
Chemicals - 2.0% | |||
Cabot Corp. | 27,698 | 2,035,249 | |
CF Industries Holdings, Inc. | 40,120 | 4,263,151 | |
LG Chemical Ltd. | 4,796 | 2,103,450 | |
Nutrien Ltd. | 34,895 | 2,948,408 | |
11,350,258 | |||
Containers & Packaging - 1.2% | |||
Avery Dennison Corp. | 12,044 | 2,042,060 | |
O-I Glass, Inc. (a) | 308,590 | 5,033,103 | |
7,075,163 | |||
Metals & Mining - 4.2% | |||
Commercial Metals Co. | 106,917 | 4,864,724 | |
Franco-Nevada Corp. | 25,673 | 3,172,119 | |
Freeport-McMoRan, Inc. | 95,177 | 3,016,159 | |
Lundin Mining Corp. | 419,069 | 2,196,317 | |
Newcrest Mining Ltd. | 91,735 | 1,015,991 | |
Novagold Resources, Inc. (a) | 296,567 | 1,369,256 | |
Steel Dynamics, Inc. | 94,914 | 8,926,662 | |
24,561,228 | |||
TOTAL MATERIALS | 42,986,649 | ||
REAL ESTATE - 6.6% | |||
Equity Real Estate Investment Trusts (REITs) - 6.0% | |||
Apartment Income (REIT) Corp. | 65,464 | 2,515,782 | |
Cousins Properties, Inc. | 94,451 | 2,244,156 | |
Equity Residential (SBI) | 45,273 | 2,853,104 | |
Gaming & Leisure Properties | 98,055 | 4,914,517 | |
Healthcare Trust of America, Inc. | 244,641 | 4,973,552 | |
National Retail Properties, Inc. | 101,573 | 4,269,113 | |
Realty Income Corp. | 62,171 | 3,871,388 | |
Spirit Realty Capital, Inc. | 87,029 | 3,379,336 | |
VICI Properties, Inc. | 152,509 | 4,883,338 | |
Welltower Op | 18,880 | 1,152,435 | |
35,056,721 | |||
Real Estate Management & Development - 0.6% | |||
Jones Lang LaSalle, Inc. (a) | 21,959 | 3,493,457 | |
TOTAL REAL ESTATE | 38,550,178 | ||
UTILITIES - 5.1% | |||
Electric Utilities - 3.1% | |||
Alliant Energy Corp. | 91,468 | 4,771,886 | |
FirstEnergy Corp. | 83,238 | 3,138,905 | |
IDACORP, Inc. | 40,169 | 4,205,694 | |
OGE Energy Corp. | 155,143 | 5,682,888 | |
17,799,373 | |||
Gas Utilities - 0.6% | |||
Atmos Energy Corp. | 34,713 | 3,698,670 | |
Independent Power and Renewable Electricity Producers - 1.0% | |||
The AES Corp. | 113,956 | 2,981,089 | |
Vistra Corp. | 127,166 | 2,921,003 | |
5,902,092 | |||
Multi-Utilities - 0.4% | |||
NiSource, Inc. | 95,361 | 2,449,824 | |
TOTAL UTILITIES | 29,849,959 | ||
TOTAL COMMON STOCKS (Cost $524,235,013) | 557,978,316 | ||
Convertible Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
CONSUMER STAPLES - 0.1% | |||
Food Products - 0.1% | |||
Bowery Farming, Inc. Series C1 (a)(d)(e) | 19,457 | 500,239 | |
HEALTH CARE - 0.1% | |||
Biotechnology - 0.1% | |||
National Resilience, Inc. Series B (a)(d)(e) | 15,539 | 943,683 | |
INDUSTRIALS - 0.2% | |||
Construction & Engineering - 0.2% | |||
Beta Technologies, Inc. Series B, 6.00% (d)(e) | 11,901 | 980,880 | |
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $2,612,360) | 2,424,802 | ||
Money Market Funds - 7.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (f) | 25,976,612 | 25,981,807 | |
Fidelity Securities Lending Cash Central Fund 3.10% (f)(g) | 15,167,602 | 15,169,118 | |
TOTAL MONEY MARKET FUNDS (Cost $41,150,925) | 41,150,925 | ||
TOTAL INVESTMENT IN SECURITIES - 102.9% (Cost $567,998,298) | 601,554,043 |
NET OTHER ASSETS (LIABILITIES) - (2.9)% | (16,732,434) |
NET ASSETS - 100.0% | 584,821,609 |
(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 $624,439 or 0.1% of net assets. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $2,424,802 or 0.4% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Beta Technologies, Inc. Series B, 6.00% | 4/04/22 | 1,227,826 |
Bowery Farming, Inc. Series C1 | 5/18/21 | 1,172,271 |
National Resilience, Inc. Series B | 12/01/20 | 212,263 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 21,371,002 | 82,877,803 | 78,266,998 | 323,558 | - | - | 25,981,807 | 0.1% |
Fidelity Securities Lending Cash Central Fund 3.10% | 15,217,524 | 92,611,718 | 92,660,124 | 47,613 | - | - | 15,169,118 | 0.0% |
Total | 36,588,526 | 175,489,521 | 170,927,122 | 371,171 | - | - | 41,150,925 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 13,352,811 | 13,352,811 | - | - |
Consumer Discretionary | 50,076,144 | 50,076,144 | - | - |
Consumer Staples | 17,715,689 | 17,215,450 | - | 500,239 |
Energy | 73,272,538 | 73,272,538 | - | - |
Financials | 120,081,059 | 120,081,059 | - | - |
Health Care | 46,347,686 | 45,404,003 | - | 943,683 |
Industrials | 88,706,122 | 87,725,242 | - | 980,880 |
Information Technology | 39,464,283 | 37,992,263 | 1,472,020 | - |
Materials | 42,986,649 | 41,970,658 | 1,015,991 | - |
Real Estate | 38,550,178 | 38,550,178 | - | - |
Utilities | 29,849,959 | 29,849,959 | - | - |
Money Market Funds | 41,150,925 | 41,150,925 | - | - |
Total Investments in Securities: | 601,554,043 | 596,641,230 | 2,488,011 | 2,424,802 |
Statement of Assets and Liabilities | ||||
October 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $14,772,683) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $526,847,373) | $560,403,118 | |||
Fidelity Central Funds (cost $41,150,925) | 41,150,925 | |||
Total Investment in Securities (cost $567,998,298) | $ | 601,554,043 | ||
Foreign currency held at value (cost $31) | 31 | |||
Receivable for fund shares sold | 404,301 | |||
Dividends receivable | 222,278 | |||
Distributions receivable from Fidelity Central Funds | 73,249 | |||
Total assets | 602,253,902 | |||
Liabilities | ||||
Payable for investments purchased | $1,983,248 | |||
Payable for fund shares redeemed | 73,552 | |||
Accrued management fee | 206,809 | |||
Collateral on securities loaned | 15,168,684 | |||
Total Liabilities | 17,432,293 | |||
Net Assets | $ | 584,821,609 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 543,855,860 | ||
Total accumulated earnings (loss) | 40,965,749 | |||
Net Assets | $ | 584,821,609 | ||
Net Asset Value , offering price and redemption price per share ($584,821,609 ÷ 43,747,073 shares) | $ | 13.37 | ||
Statement of Operations | ||||
Six months ended October 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,167,937 | ||
Income from Fidelity Central Funds (including $47,613 from security lending) | 371,171 | |||
Total Income | 6,539,108 | |||
Expenses | ||||
Management fee | $ | 1,285,475 | ||
Independent trustees' fees and expenses | 987 | |||
Total expenses before reductions | 1,286,462 | |||
Expense reductions | (87) | |||
Total expenses after reductions | 1,286,375 | |||
Net Investment income (loss) | 5,252,733 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 5,967,942 | |||
Foreign currency transactions | (15,164) | |||
Total net realized gain (loss) | 5,952,778 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (10,792,727) | |||
Assets and liabilities in foreign currencies | 1,455 | |||
Total change in net unrealized appreciation (depreciation) | (10,791,272) | |||
Net gain (loss) | (4,838,494) | |||
Net increase (decrease) in net assets resulting from operations | $ | 414,239 |
Statement of Changes in Net Assets | ||||
Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,252,733 | $ | 6,629,271 |
Net realized gain (loss) | 5,952,778 | 9,367,287 | ||
Change in net unrealized appreciation (depreciation) | (10,791,272) | (14,219,391) | ||
Net increase (decrease) in net assets resulting from operations | 414,239 | 1,777,167 | ||
Distributions to shareholders | (10,822,319) | (17,547,894) | ||
Share transactions | ||||
Proceeds from sales of shares | 102,275,629 | 380,459,853 | ||
Reinvestment of distributions | 10,822,319 | 17,547,894 | ||
Cost of shares redeemed | (94,405,135) | (125,624,170) | ||
Net increase (decrease) in net assets resulting from share transactions | 18,692,813 | 272,383,577 | ||
Total increase (decrease) in net assets | 8,284,733 | 256,612,850 | ||
Net Assets | ||||
Beginning of period | 576,536,876 | 319,924,026 | ||
End of period | $ | 584,821,609 | $ | 576,536,876 |
Other Information | ||||
Shares | ||||
Sold | 7,855,139 | 27,206,050 | ||
Issued in reinvestment of distributions | 827,394 | 1,240,806 | ||
Redeemed | (7,113,257) | (8,904,637) | ||
Net increase (decrease) | 1,569,276 | 19,542,219 | ||
Fidelity® Mid-Cap Stock K6 Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 13.67 | $ | 14.13 | $ | 8.78 | $ | 10.00 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .12 | .19 | .15 | .11 | ||||
Net realized and unrealized gain (loss) | (.17) | (.07) | 5.37 | (1.27) | ||||
Total from investment operations | (.05) | .12 | 5.52 | (1.16) | ||||
Distributions from net investment income | (.04) | (.13) | (.17) | (.06) | ||||
Distributions from net realized gain | (.21) | (.45) | - | - | ||||
Total distributions | (.25) | (.58) | (.17) | (.06) | ||||
Net asset value, end of period | $ | 13.37 | $ | 13.67 | $ | 14.13 | $ | 8.78 |
Total Return D,E | (.31)% | .78% | 63.39% | (11.74)% | ||||
Ratios to Average Net Assets C,F,G | ||||||||
Expenses before reductions | .45% H | .45% | .45% | .45% H | ||||
Expenses net of fee waivers, if any | .45% H | .45% | .45% | .45% H | ||||
Expenses net of all reductions | .45% H | .45% | .44% | .45% H | ||||
Net investment income (loss) | 1.83% H | 1.35% | 1.35% | 1.29% H | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 584,822 | $ | 576,537 | $ | 319,924 | $ | 108,435 |
Portfolio turnover rate I | 18% H,J | 40% J | 61% J | 52% H,J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $88,919,071 |
Gross unrealized depreciation | (59,970,644) |
Net unrealized appreciation (depreciation) | $28,948,427 |
Tax cost | $572,605,616 |
Purchases ($) | Sales ($) | |
Fidelity Mid-Cap Stock K6 Fund | 94,725,197 | 49,278,668 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Mid-Cap Stock K6 Fund | 4,189,666 | 16,581,447 | 56,686,184 |
Shares | Total Proceeds ($) | |
Fidelity Mid-Cap Stock K6 Fund | 1,936,989 | 24,328,580 |
Shares | Total Proceeds ($) | |
Fidelity Mid-Cap Stock K6 Fund | 16,479,320 | 227,539,776 |
Amount | |
Fidelity Founders Fund | $1,503 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Mid-Cap Stock K6 Fund | 3,293,775 | 2,860,666 | (1,296,937) |
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 Mid-Cap Stock K6 Fund | $5,006 | $441 | $435,120 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Mid-Cap Stock K6 Fund | .45% | |||||||||
Actual | $ 1,000 | $ 996.90 | $ 2.26 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.94 | $ 2.29 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
FirstCash Holdings, Inc. | 3.4 | |
Insight Enterprises, Inc. | 3.4 | |
Brigham Minerals, Inc. Class A | 3.1 | |
Kforce, Inc. | 2.8 | |
Tempur Sealy International, Inc. | 2.8 | |
First American Financial Corp. | 2.7 | |
Concentrix Corp. | 2.7 | |
LGI Homes, Inc. | 2.7 | |
Valvoline, Inc. | 2.6 | |
Beacon Roofing Supply, Inc. | 2.5 | |
28.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 20.3 | |
Industrials | 16.8 | |
Consumer Discretionary | 14.5 | |
Information Technology | 12.6 | |
Health Care | 11.7 | |
Real Estate | 6.6 | |
Energy | 5.5 | |
Materials | 4.9 | |
Communication Services | 4.3 | |
Consumer Staples | 2.1 | |
Utilities | 1.3 | |
Asset Allocation (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.6)%* |
Foreign investments - 22.6% |
*Short-Term Investments and Net Other Assets (Liabilities) are not available in the pie chart. |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Common Stocks - 100.6% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 4.3% | |||
Entertainment - 2.2% | |||
Capcom Co. Ltd. | 900,000 | 25,088,268 | |
Interactive Media & Services - 1.6% | |||
Ziff Davis, Inc. (a) | 225,000 | 17,412,750 | |
Media - 0.5% | |||
Emerald Holding, Inc. (a)(b) | 1,500,000 | 5,010,000 | |
TOTAL COMMUNICATION SERVICES | 47,511,018 | ||
CONSUMER DISCRETIONARY - 14.5% | |||
Auto Components - 2.7% | |||
Adient PLC (a) | 500,000 | 17,490,000 | |
Patrick Industries, Inc. | 275,000 | 12,570,250 | |
30,060,250 | |||
Diversified Consumer Services - 2.6% | |||
Adtalem Global Education, Inc. (a) | 475,000 | 19,807,500 | |
OneSpaWorld Holdings Ltd. (a) | 750,000 | 6,802,500 | |
Perdoceo Education Corp. (a) | 221,484 | 2,531,562 | |
29,141,562 | |||
Household Durables - 6.2% | |||
Helen of Troy Ltd. (a) | 85,000 | 8,042,700 | |
LGI Homes, Inc. (a) | 325,000 | 29,916,250 | |
Tempur Sealy International, Inc. | 1,150,000 | 30,923,500 | |
68,882,450 | |||
Multiline Retail - 1.0% | |||
Ollie's Bargain Outlet Holdings, Inc. (a)(b) | 200,000 | 11,200,000 | |
Specialty Retail - 2.0% | |||
America's Car Mart, Inc. (a) | 75,000 | 5,127,000 | |
Rent-A-Center, Inc. | 500,000 | 10,425,000 | |
Winmark Corp. | 30,000 | 7,549,200 | |
23,101,200 | |||
TOTAL CONSUMER DISCRETIONARY | 162,385,462 | ||
CONSUMER STAPLES - 2.1% | |||
Food & Staples Retailing - 2.1% | |||
Performance Food Group Co. (a) | 450,000 | 23,418,000 | |
ENERGY - 5.5% | |||
Energy Equipment & Services - 1.7% | |||
ShawCor Ltd. Class A (a) | 1,575,000 | 11,491,540 | |
Total Energy Services, Inc. | 1,336,230 | 7,689,686 | |
19,181,226 | |||
Oil, Gas & Consumable Fuels - 3.8% | |||
Brigham Minerals, Inc. Class A | 1,100,000 | 34,100,000 | |
Parkland Corp. | 381,300 | 7,708,006 | |
41,808,006 | |||
TOTAL ENERGY | 60,989,232 | ||
FINANCIALS - 20.3% | |||
Banks - 7.0% | |||
BOK Financial Corp. | 125,000 | 13,773,750 | |
Cadence Bank | 750,000 | 20,737,500 | |
Cullen/Frost Bankers, Inc. | 100,000 | 15,505,000 | |
First Hawaiian, Inc. | 750,000 | 19,185,000 | |
PacWest Bancorp | 343,300 | 8,534,438 | |
77,735,688 | |||
Capital Markets - 1.3% | |||
BrightSphere Investment Group, Inc. | 750,000 | 14,115,000 | |
Consumer Finance - 3.4% | |||
FirstCash Holdings, Inc. | 390,400 | 38,434,879 | |
Diversified Financial Services - 1.5% | |||
Cannae Holdings, Inc. (a) | 750,000 | 17,370,000 | |
Insurance - 7.1% | |||
Assurant, Inc. | 75,000 | 10,189,500 | |
Enstar Group Ltd. (a) | 125,000 | 25,065,000 | |
First American Financial Corp. | 600,000 | 30,240,000 | |
Primerica, Inc. | 96,400 | 13,949,080 | |
79,443,580 | |||
TOTAL FINANCIALS | 227,099,147 | ||
HEALTH CARE - 11.7% | |||
Biotechnology - 2.6% | |||
Blueprint Medicines Corp. (a) | 75,000 | 3,888,000 | |
Cerevel Therapeutics Holdings (a)(b) | 212,500 | 5,941,500 | |
Erasca, Inc. (a)(b) | 491,100 | 4,012,287 | |
Exelixis, Inc. (a) | 381,800 | 6,330,244 | |
Instil Bio, Inc. (a) | 431,500 | 1,423,950 | |
Keros Therapeutics, Inc. (a) | 50,000 | 2,517,000 | |
Mirati Therapeutics, Inc. (a) | 63,300 | 4,261,356 | |
28,374,337 | |||
Health Care Equipment & Supplies - 1.6% | |||
Envista Holdings Corp. (a) | 450,000 | 14,854,500 | |
Utah Medical Products, Inc. | 32,219 | 2,885,211 | |
17,739,711 | |||
Health Care Providers & Services - 4.3% | |||
AdaptHealth Corp. (a) | 250,000 | 5,700,000 | |
Owens & Minor, Inc. | 700,000 | 11,900,000 | |
Premier, Inc. | 500,000 | 17,440,000 | |
R1 Rcm, Inc. (a) | 750,000 | 13,245,000 | |
48,285,000 | |||
Life Sciences Tools & Services - 2.5% | |||
Syneos Health, Inc. (a) | 550,000 | 27,709,000 | |
Pharmaceuticals - 0.7% | |||
Arvinas Holding Co. LLC (a) | 86,000 | 4,275,060 | |
Prestige Brands Holdings, Inc. (a) | 70,000 | 3,813,600 | |
8,088,660 | |||
TOTAL HEALTH CARE | 130,196,708 | ||
INDUSTRIALS - 16.8% | |||
Aerospace & Defense - 0.1% | |||
Rheinmetall AG | 10,000 | 1,625,671 | |
Commercial Services & Supplies - 1.8% | |||
Cimpress PLC (a) | 350,000 | 8,148,000 | |
The Brink's Co. | 200,000 | 11,926,000 | |
20,074,000 | |||
Professional Services - 7.6% | |||
ASGN, Inc. (a) | 150,000 | 12,717,000 | |
BGSF, Inc. (b) | 4,124 | 51,839 | |
Insperity, Inc. | 175,000 | 20,653,500 | |
Kforce, Inc. | 500,000 | 31,635,000 | |
Persol Holdings Co. Ltd. | 1,000,000 | 20,081,375 | |
85,138,714 | |||
Road & Rail - 2.5% | |||
TFI International, Inc. (b) | 225,000 | 20,481,750 | |
TFI International, Inc. (Canada) | 75,000 | 6,826,990 | |
27,308,740 | |||
Trading Companies & Distributors - 4.8% | |||
Beacon Roofing Supply, Inc. (a) | 500,000 | 28,175,000 | |
Univar Solutions, Inc. (a) | 1,000,000 | 25,480,000 | |
53,655,000 | |||
TOTAL INDUSTRIALS | 187,802,125 | ||
INFORMATION TECHNOLOGY - 12.6% | |||
Electronic Equipment & Components - 5.1% | |||
Insight Enterprises, Inc. (a) | 400,000 | 37,804,000 | |
TD SYNNEX Corp. | 125,000 | 11,438,750 | |
TTM Technologies, Inc. (a) | 500,000 | 7,655,000 | |
56,897,750 | |||
IT Services - 4.5% | |||
Concentrix Corp. | 246,500 | 30,129,695 | |
Genpact Ltd. | 300,000 | 14,550,000 | |
Tucows, Inc. (a)(b) | 125,000 | 5,618,750 | |
50,298,445 | |||
Semiconductors & Semiconductor Equipment - 2.8% | |||
Cirrus Logic, Inc. (a) | 195,200 | 13,101,824 | |
Ichor Holdings Ltd. (a)(b) | 700,000 | 17,808,000 | |
30,909,824 | |||
Software - 0.2% | |||
Consensus Cloud Solutions, Inc. (a) | 41,666 | 2,339,129 | |
TOTAL INFORMATION TECHNOLOGY | 140,445,148 | ||
MATERIALS - 4.9% | |||
Chemicals - 2.6% | |||
Valvoline, Inc. | 1,000,000 | 29,360,000 | |
Construction Materials - 2.0% | |||
Eagle Materials, Inc. | 15,000 | 1,834,650 | |
RHI Magnesita NV | 350,000 | 7,433,558 | |
Wienerberger AG | 550,000 | 12,577,458 | |
21,845,666 | |||
Metals & Mining - 0.3% | |||
ERO Copper Corp. (a)(b) | 350,000 | 3,984,659 | |
TOTAL MATERIALS | 55,190,325 | ||
REAL ESTATE - 6.6% | |||
Equity Real Estate Investment Trusts (REITs) - 2.4% | |||
Douglas Emmett, Inc. | 1,200,000 | 21,108,000 | |
iStar Financial, Inc. | �� | 500,000 | 5,240,000 |
26,348,000 | |||
Real Estate Management & Development - 4.2% | |||
Cushman & Wakefield PLC (a)(b) | 2,000,000 | 23,100,000 | |
Jones Lang LaSalle, Inc. (a) | 150,000 | 23,863,500 | |
46,963,500 | |||
TOTAL REAL ESTATE | 73,311,500 | ||
UTILITIES - 1.3% | |||
Gas Utilities - 1.3% | |||
Brookfield Infrastructure Corp. A Shares | 325,000 | 14,014,000 | |
TOTAL COMMON STOCKS (Cost $1,051,157,783) | 1,122,362,665 | ||
Money Market Funds - 5.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (c) | 30,076,563 | 30,082,579 | |
Fidelity Securities Lending Cash Central Fund 3.10% (c)(d) | 32,812,370 | 32,815,652 | |
TOTAL MONEY MARKET FUNDS (Cost $62,898,231) | 62,898,231 | ||
TOTAL INVESTMENT IN SECURITIES - 106.2% (Cost $1,114,056,014) | 1,185,260,896 |
NET OTHER ASSETS (LIABILITIES) - (6.2)% | (69,177,504) |
NET ASSETS - 100.0% | 1,116,083,392 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 26,282,304 | 157,484,437 | 153,684,162 | 151,860 | - | - | 30,082,579 | 0.1% |
Fidelity Securities Lending Cash Central Fund 3.10% | 36,691,544 | 158,949,257 | 162,825,149 | 22,339 | - | - | 32,815,652 | 0.1% |
Total | 62,973,848 | 316,433,694 | 316,509,311 | 174,199 | - | - | 62,898,231 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 47,511,018 | 47,511,018 | - | - |
Consumer Discretionary | 162,385,462 | 162,385,462 | - | - |
Consumer Staples | 23,418,000 | 23,418,000 | - | - |
Energy | 60,989,232 | 60,989,232 | - | - |
Financials | 227,099,147 | 227,099,147 | - | - |
Health Care | 130,196,708 | 130,196,708 | - | - |
Industrials | 187,802,125 | 187,802,125 | - | - |
Information Technology | 140,445,148 | 140,445,148 | - | - |
Materials | 55,190,325 | 55,190,325 | - | - |
Real Estate | 73,311,500 | 73,311,500 | - | - |
Utilities | 14,014,000 | 14,014,000 | - | - |
Money Market Funds | 62,898,231 | 62,898,231 | - | - |
Total Investments in Securities: | 1,185,260,896 | 1,185,260,896 | - | - |
Statement of Assets and Liabilities | ||||
October 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $31,396,586) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,051,157,783) | $1,122,362,665 | |||
Fidelity Central Funds (cost $62,898,231) | 62,898,231 | |||
Total Investment in Securities (cost $1,114,056,014) | $ | 1,185,260,896 | ||
Receivable for investments sold | 4,444,802 | |||
Receivable for fund shares sold | 838 | |||
Dividends receivable | 672,313 | |||
Distributions receivable from Fidelity Central Funds | 35,586 | |||
Total assets | 1,190,414,435 | |||
Liabilities | ||||
Payable for investments purchased | $241,235 | |||
Payable for fund shares redeemed | 41,274,384 | |||
Other payables and accrued expenses | 4,742 | |||
Collateral on securities loaned | 32,810,682 | |||
Total Liabilities | 74,331,043 | |||
Net Assets | $ | 1,116,083,392 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 983,179,389 | ||
Total accumulated earnings (loss) | 132,904,003 | |||
Net Assets | $ | 1,116,083,392 | ||
Net Asset Value , offering price and redemption price per share ($1,116,083,392 ÷ 108,625,935 shares) | $ | 10.27 | ||
Statement of Operations | ||||
Six months ended October 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 7,940,461 | ||
Income from Fidelity Central Funds (including $22,339 from security lending) | 174,199 | |||
Total Income | 8,114,660 | |||
Expenses | ||||
Custodian fees and expenses | 8,492 | |||
Independent trustees' fees and expenses | 2,103 | |||
Interest | 3,641 | |||
Total expenses before reductions | 14,236 | |||
Expense reductions | (55) | |||
Total expenses after reductions | 14,181 | |||
Net Investment income (loss) | 8,100,479 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 56,418,354 | |||
Foreign currency transactions | (45,836) | |||
Total net realized gain (loss) | 56,372,518 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (138,367,383) | |||
Assets and liabilities in foreign currencies | (1,538) | |||
Total change in net unrealized appreciation (depreciation) | (138,368,921) | |||
Net gain (loss) | (81,996,403) | |||
Net increase (decrease) in net assets resulting from operations | $ | (73,895,924) |
Statement of Changes in Net Assets | ||||
Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 8,100,479 | $ | 14,927,203 |
Net realized gain (loss) | 56,372,518 | 236,545,671 | ||
Change in net unrealized appreciation (depreciation) | (138,368,921) | (273,857,820) | ||
Net increase (decrease) in net assets resulting from operations | (73,895,924) | (22,384,946) | ||
Distributions to shareholders | (154,890,005) | (250,809,683) | ||
Share transactions | ||||
Proceeds from sales of shares | 46,245,130 | 89,113,211 | ||
Reinvestment of distributions | 154,890,004 | 250,809,683 | ||
Cost of shares redeemed | (151,604,547) | (281,945,014) | ||
Net increase (decrease) in net assets resulting from share transactions | 49,530,587 | 57,977,880 | ||
Total increase (decrease) in net assets | (179,255,342) | (215,216,749) | ||
Net Assets | ||||
Beginning of period | 1,295,338,734 | 1,510,555,483 | ||
End of period | $ | 1,116,083,392 | $ | 1,295,338,734 |
Other Information | ||||
Shares | ||||
Sold | 4,446,448 | 6,359,345 | ||
Issued in reinvestment of distributions | 14,836,207 | 17,981,032 | ||
Redeemed | (14,382,417) | (19,966,035) | ||
Net increase (decrease) | 4,900,238 | 4,374,342 | ||
Fidelity® Series Small Cap Discovery Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.49 | $ | 15.20 | $ | 8.73 | $ | 11.70 | $ | 12.40 | $ | 11.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .14 | .12 | .15 | .20 C | .14 | ||||||
Net realized and unrealized gain (loss) | (.80) | (.33) | 6.68 | (2.35) | .59 | .71 | ||||||
Total from investment operations | (.73) | (.19) | 6.80 | (2.20) | .79 | .85 | ||||||
Distributions from net investment income | (.04) | (.14) | (.12) | (.16) | (.19) | (.14) | ||||||
Distributions from net realized gain | (1.46) | (2.38) | (.21) | (.61) | (1.30) | - | ||||||
Total distributions | (1.49) D | (2.52) | (.33) | (.77) | (1.49) | (.14) | ||||||
Net asset value, end of period | $ | 10.27 | $ | 12.49 | $ | 15.20 | $ | 8.73 | $ | 11.70 | $ | 12.40 |
Total Return E,F | (6.04)% | (2.37)% | 78.91% | (20.16)% | 7.68% | 7.33% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | -% I,J | -% I | -% I | -% I | -% I | .06% | ||||||
Expenses net of fee waivers, if any | -% I,J | -% I | -% I | -% I | -% I | .06% | ||||||
Expenses net of all reductions | -% I,J | -% I | -% I | -% I | -% I | .05% | ||||||
Net investment income (loss) | 1.35% J | 1.01% | 1.03% | 1.38% | 1.73% C | 1.15% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,116,083 | $ | 1,295,339 | $ | 1,510,555 | $ | 1,152,206 | $ | 1,707,498 | $ | 1,714,454 |
Portfolio turnover rate K | 25% J | 25% | 28% | 51% | 41% | 44% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $255,283,673 |
Gross unrealized depreciation | (184,709,045) |
Net unrealized appreciation (depreciation) | $70,574,628 |
Tax cost | $1,114,686,268 |
Purchases ($) | Sales ($) | |
Fidelity Series Small Cap Discovery Fund | 150,935,253 | 227,204,760 |
Amount | |
Fidelity Series Small Cap Discovery Fund | $5,646 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Small Cap Discovery Fund | Borrower | $17,050,000 | 2.56% | $3,641 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Small Cap Discovery Fund | 10,133,087 | 7,344,882 | 514,931 |
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 Small Cap Discovery Fund | $2,324 | $202 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Series Small Cap Discovery Fund | -%- D | |||||||||
Actual | $ 1,000 | $ 939.60 | $- E | |||||||
Hypothetical- B | $ 1,000 | $ 1,025.21 | $- E | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 7.9 | |
General Electric Co. | 5.7 | |
Microsoft Corp. | 5.4 | |
Wells Fargo & Co. | 5.4 | |
Hess Corp. | 3.4 | |
Apple, Inc. | 3.2 | |
Bank of America Corp. | 3.1 | |
Bristol-Myers Squibb Co. | 2.2 | |
Visa, Inc. Class A | 1.8 | |
Comcast Corp. Class A | 1.7 | |
39.8 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 16.9 | |
Financials | 16.2 | |
Energy | 16.2 | |
Industrials | 13.9 | |
Health Care | 13.3 | |
Communication Services | 6.8 | |
Consumer Staples | 4.7 | |
Consumer Discretionary | 3.2 | |
Materials | 2.5 | |
Real Estate | 0.8 | |
Utilities | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 9.7% |
Common Stocks - 94.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 6.8% | |||
Diversified Telecommunication Services - 0.3% | |||
Cellnex Telecom SA (a) | 671 | 21,962 | |
Verizon Communications, Inc. | 1,313 | 49,067 | |
71,029 | |||
Entertainment - 1.3% | |||
Activision Blizzard, Inc. | 440 | 32,032 | |
Nintendo Co. Ltd. ADR | 3,256 | 32,951 | |
The Walt Disney Co. (b) | 1,467 | 156,294 | |
Universal Music Group NV | 5,078 | 99,709 | |
320,986 | |||
Interactive Media & Services - 3.1% | |||
Alphabet, Inc.: | |||
Class A (b) | 3,516 | 332,297 | |
Class C (b) | 3,161 | 299,220 | |
Match Group, Inc. (b) | 170 | 7,344 | |
Meta Platforms, Inc. Class A (b) | 1,336 | 124,462 | |
Snap, Inc. Class A (b) | 2,705 | 26,807 | |
790,130 | |||
Media - 2.1% | |||
Comcast Corp. Class A | 13,544 | 429,887 | |
Interpublic Group of Companies, Inc. | 3,259 | 97,086 | |
526,973 | |||
TOTAL COMMUNICATION SERVICES | 1,709,118 | ||
CONSUMER DISCRETIONARY - 3.2% | |||
Auto Components - 0.2% | |||
BorgWarner, Inc. | 1,577 | 59,185 | |
Automobiles - 0.1% | |||
General Motors Co. | 525 | 20,606 | |
Hotels, Restaurants & Leisure - 1.3% | |||
Booking Holdings, Inc. (b) | 101 | 188,817 | |
Expedia, Inc. (b) | 398 | 37,201 | |
Marriott International, Inc. Class A | 462 | 73,971 | |
Starbucks Corp. | 280 | 24,245 | |
324,234 | |||
Household Durables - 0.4% | |||
Mohawk Industries, Inc. (b) | 571 | 54,102 | |
Sony Group Corp. sponsored ADR | 320 | 21,590 | |
Whirlpool Corp. | 87 | 12,027 | |
87,719 | |||
Internet & Direct Marketing Retail - 0.1% | |||
Amazon.com, Inc. (b) | 358 | 36,674 | |
Multiline Retail - 0.0% | |||
Target Corp. | 22 | 3,614 | |
Specialty Retail - 1.0% | |||
Lowe's Companies, Inc. | 1,316 | 256,554 | |
Textiles, Apparel & Luxury Goods - 0.1% | |||
NIKE, Inc. Class B | 207 | 19,185 | |
TOTAL CONSUMER DISCRETIONARY | 807,771 | ||
CONSUMER STAPLES - 4.7% | |||
Beverages - 1.7% | |||
Diageo PLC sponsored ADR | 654 | 109,198 | |
Keurig Dr. Pepper, Inc. | 2,126 | 82,574 | |
The Coca-Cola Co. | 3,984 | 238,442 | |
430,214 | |||
Food & Staples Retailing - 1.4% | |||
Costco Wholesale Corp. | 29 | 14,544 | |
Performance Food Group Co. (b) | 844 | 43,922 | |
Sysco Corp. | 2,083 | 180,304 | |
U.S. Foods Holding Corp. (b) | 1,062 | 31,605 | |
Walmart, Inc. | 570 | 81,128 | |
351,503 | |||
Household Products - 0.1% | |||
Colgate-Palmolive Co. | 42 | 3,101 | |
Spectrum Brands Holdings, Inc. | 529 | 24,408 | |
27,509 | |||
Personal Products - 0.1% | |||
Haleon PLC ADR (b) | 4,543 | 27,803 | |
Tobacco - 1.4% | |||
Altria Group, Inc. | 5,867 | 271,466 | |
Swedish Match Co. AB | 6,770 | 69,629 | |
341,095 | |||
TOTAL CONSUMER STAPLES | 1,178,124 | ||
ENERGY - 16.2% | |||
Energy Equipment & Services - 0.0% | |||
Baker Hughes Co. Class A | 180 | 4,979 | |
Oil, Gas & Consumable Fuels - 16.2% | |||
Canadian Natural Resources Ltd. | 765 | 45,883 | |
Cenovus Energy, Inc. (Canada) | 18,869 | 381,438 | |
EQT Corp. | 578 | 24,184 | |
Exxon Mobil Corp. | 17,953 | 1,989,376 | |
Hess Corp. | 5,989 | 844,928 | |
Imperial Oil Ltd. | 2,220 | 120,765 | |
Kosmos Energy Ltd. (b) | 56,760 | 368,372 | |
Phillips 66 Co. | 331 | 34,520 | |
Tourmaline Oil Corp. | 4,206 | 236,982 | |
4,046,448 | |||
TOTAL ENERGY | 4,051,427 | ||
FINANCIALS - 16.2% | |||
Banks - 11.9% | |||
Bank of America Corp. | 21,582 | 777,815 | |
JPMorgan Chase & Co. | 2,055 | 258,683 | |
M&T Bank Corp. | 320 | 53,878 | |
PNC Financial Services Group, Inc. | 1,527 | 247,114 | |
Truist Financial Corp. | 3,764 | 168,590 | |
U.S. Bancorp | 3,027 | 128,496 | |
Wells Fargo & Co. | 29,474 | 1,355,509 | |
2,990,085 | |||
Capital Markets - 2.6% | |||
KKR & Co. LP | 2,571 | 125,028 | |
Morgan Stanley | 1,406 | 115,531 | |
Northern Trust Corp. | 2,437 | 205,561 | |
Raymond James Financial, Inc. | 645 | 76,200 | |
State Street Corp. | 1,913 | 141,562 | |
663,882 | |||
Consumer Finance - 0.3% | |||
Discover Financial Services | 592 | 61,840 | |
Insurance - 0.5% | |||
Chubb Ltd. | 547 | 117,545 | |
Thrifts & Mortgage Finance - 0.9% | |||
MGIC Investment Corp. | 2,477 | 33,811 | |
Radian Group, Inc. | 9,739 | 203,253 | |
237,064 | |||
TOTAL FINANCIALS | 4,070,416 | ||
HEALTH CARE - 13.3% | |||
Biotechnology - 0.7% | |||
ADC Therapeutics SA (b) | 418 | 1,856 | |
Alnylam Pharmaceuticals, Inc. (b) | 292 | 60,520 | |
Argenx SE ADR (b) | 89 | 34,526 | |
Crinetics Pharmaceuticals, Inc. (b) | 637 | 11,759 | |
Insmed, Inc. (b) | 1,036 | 17,944 | |
Vaxcyte, Inc. (b) | 1,058 | 46,139 | |
Verve Therapeutics, Inc. (b) | 302 | 11,385 | |
184,129 | |||
Health Care Equipment & Supplies - 1.5% | |||
Abbott Laboratories | 80 | 7,915 | |
Becton, Dickinson & Co. | 224 | 52,857 | |
Boston Scientific Corp. (b) | 6,681 | 288,018 | |
iRhythm Technologies, Inc. (b) | 1 | 127 | |
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) | 1,200 | 15,180 | |
364,097 | |||
Health Care Providers & Services - 6.4% | |||
Cardinal Health, Inc. | 2,130 | 161,667 | |
Centene Corp. (b) | 175 | 14,898 | |
Cigna Corp. | 1,166 | 376,688 | |
CVS Health Corp. | 2,467 | 233,625 | |
Guardant Health, Inc. (b) | 1,026 | 50,787 | |
Humana, Inc. | 84 | 46,879 | |
McKesson Corp. | 778 | 302,930 | |
Oak Street Health, Inc. (b) | 321 | 6,494 | |
UnitedHealth Group, Inc. | 742 | 411,921 | |
1,605,889 | |||
Life Sciences Tools & Services - 0.2% | |||
Danaher Corp. | 246 | 61,911 | |
Pharmaceuticals - 4.5% | |||
Bayer AG | 207 | 10,884 | |
Bristol-Myers Squibb Co. | 7,012 | 543,220 | |
Eli Lilly & Co. | 231 | 83,643 | |
GSK PLC sponsored ADR | 5,011 | 166,215 | |
Johnson & Johnson | 1,604 | 279,048 | |
Pliant Therapeutics, Inc. (b) | 683 | 16,986 | |
Sanofi SA sponsored ADR | 401 | 17,335 | |
Viatris, Inc. | 133 | 1,347 | |
1,118,678 | |||
TOTAL HEALTH CARE | 3,334,704 | ||
INDUSTRIALS - 13.8% | |||
Aerospace & Defense - 2.9% | |||
Airbus Group NV | 1,302 | 140,881 | |
General Dynamics Corp. | 288 | 71,942 | |
Huntington Ingalls Industries, Inc. | 214 | 55,013 | |
MTU Aero Engines AG | 85 | 15,225 | |
Raytheon Technologies Corp. | 368 | 34,894 | |
Safran SA | 168 | 18,710 | |
The Boeing Co. (b) | 2,829 | 403,161 | |
739,826 | |||
Air Freight & Logistics - 1.7% | |||
FedEx Corp. | 611 | 97,931 | |
United Parcel Service, Inc. Class B | 2,005 | 336,379 | |
434,310 | |||
Airlines - 0.1% | |||
Copa Holdings SA Class A (b) | 55 | 4,138 | |
Ryanair Holdings PLC sponsored ADR (b) | 200 | 13,778 | |
17,916 | |||
Building Products - 0.1% | |||
Johnson Controls International PLC | 572 | 33,084 | |
Commercial Services & Supplies - 0.1% | |||
ACV Auctions, Inc. Class A (b) | 2,345 | 21,386 | |
Electrical Equipment - 1.8% | |||
Acuity Brands, Inc. | 571 | 104,818 | |
Hubbell, Inc. Class B | 253 | 60,082 | |
Regal Rexnord Corp. | 50 | 6,327 | |
Vertiv Holdings Co. | 19,100 | 273,321 | |
444,548 | |||
Industrial Conglomerates - 5.8% | |||
3M Co. | 193 | 24,277 | |
General Electric Co. | 18,285 | 1,422,756 | |
1,447,033 | |||
Machinery - 0.8% | |||
Cummins, Inc. | 119 | 29,097 | |
Flowserve Corp. | 1,327 | 38,058 | |
Fortive Corp. | 726 | 46,391 | |
Otis Worldwide Corp. | 424 | 29,951 | |
Stanley Black & Decker, Inc. | 184 | 14,442 | |
Westinghouse Air Brake Tech Co. | 528 | 49,252 | |
207,191 | |||
Professional Services - 0.1% | |||
Equifax, Inc. | 104 | 17,632 | |
Road & Rail - 0.4% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 2,204 | 105,858 | |
Trading Companies & Distributors - 0.0% | |||
Beijer Ref AB (B Shares) | 191 | 2,963 | |
TOTAL INDUSTRIALS | 3,471,747 | ||
INFORMATION TECHNOLOGY - 16.9% | |||
IT Services - 4.0% | |||
Amadeus IT Holding SA Class A (b) | 641 | 33,432 | |
Edenred SA | 1,488 | 76,408 | |
Fidelity National Information Services, Inc. | 971 | 80,583 | |
Genpact Ltd. | 448 | 21,728 | |
Global Payments, Inc. | 108 | 12,340 | |
IBM Corp. | 270 | 37,338 | |
MasterCard, Inc. Class A | 261 | 85,655 | |
PayPal Holdings, Inc. (b) | 670 | 55,999 | |
Sabre Corp. (b) | 3,588 | 20,846 | |
Snowflake, Inc. (b) | 20 | 3,206 | |
Twilio, Inc. Class A (b) | 507 | 37,706 | |
Unisys Corp. (b) | 10,486 | 89,131 | |
Visa, Inc. Class A | 2,205 | 456,788 | |
1,011,160 | |||
Semiconductors & Semiconductor Equipment - 2.3% | |||
Analog Devices, Inc. | 264 | 37,652 | |
Applied Materials, Inc. | 574 | 50,678 | |
Intel Corp. | 2,102 | 59,760 | |
Lam Research Corp. | 100 | 40,478 | |
Marvell Technology, Inc. | 2,713 | 107,652 | |
NVIDIA Corp. | 158 | 21,325 | |
Qualcomm, Inc. | 2,287 | 269,088 | |
586,633 | |||
Software - 7.3% | |||
Adobe, Inc. (b) | 311 | 99,054 | |
Autodesk, Inc. (b) | 276 | 59,147 | |
Coupa Software, Inc. (b) | 48 | 2,555 | |
DoubleVerify Holdings, Inc. (b) | 370 | 10,815 | |
Dynatrace, Inc. (b) | 822 | 28,967 | |
Elastic NV (b) | 1,000 | 63,950 | |
Microsoft Corp. | 5,870 | 1,362,603 | |
PTC, Inc. (b) | 111 | 13,079 | |
Salesforce.com, Inc. (b) | 124 | 20,161 | |
SAP SE sponsored ADR | 1,603 | 153,984 | |
Workday, Inc. Class A (b) | 60 | 9,349 | |
1,823,664 | |||
Technology Hardware, Storage & Peripherals - 3.3% | |||
Apple, Inc. | 5,192 | 796,141 | |
Samsung Electronics Co. Ltd. | 420 | 17,479 | |
813,620 | |||
TOTAL INFORMATION TECHNOLOGY | 4,235,077 | ||
MATERIALS - 2.5% | |||
Chemicals - 0.5% | |||
Axalta Coating Systems Ltd. (b) | 397 | 9,258 | |
DuPont de Nemours, Inc. | 2,135 | 122,122 | |
131,380 | |||
Metals & Mining - 2.0% | |||
First Quantum Minerals Ltd. | 7,261 | 128,074 | |
Freeport-McMoRan, Inc. | 8,595 | 272,376 | |
Glencore PLC | 16,994 | 97,428 | |
497,878 | |||
TOTAL MATERIALS | 629,258 | ||
REAL ESTATE - 0.8% | |||
Equity Real Estate Investment Trusts (REITs) - 0.8% | |||
American Tower Corp. | 321 | 66,508 | |
Equinix, Inc. | 13 | 7,364 | |
Simon Property Group, Inc. | 1,087 | 118,461 | |
192,333 | |||
UTILITIES - 0.5% | |||
Electric Utilities - 0.5% | |||
Entergy Corp. | 200 | 21,428 | |
PG&E Corp. (b) | 3,792 | 56,615 | |
Southern Co. | 755 | 49,437 | |
127,480 | |||
Multi-Utilities - 0.0% | |||
Sempra Energy | 57 | 8,604 | |
TOTAL UTILITIES | 136,084 | ||
TOTAL COMMON STOCKS (Cost $15,770,144) | 23,816,059 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.0% | |||
COMMUNICATION SERVICES - 0.0% | |||
Interactive Media & Services - 0.0% | |||
Reddit, Inc. Series E (b)(c)(d) | 200 | 7,754 | |
Nonconvertible Preferred Stocks - 0.1% | |||
INDUSTRIALS - 0.1% | |||
Aerospace & Defense - 0.1% | |||
Embraer SA sponsored ADR (b) | 2,708 | 28,624 | |
TOTAL PREFERRED STOCKS (Cost $36,439) | 36,378 | ||
Money Market Funds - 5.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (e) (Cost $1,247,257) | 1,247,008 | 1,247,257 | |
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $17,053,840) | 25,099,694 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (4,187) |
NET ASSETS - 100.0% | 25,095,507 |
(a) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $21,962 or 0.1% of net assets. |
(b) | Non-income producing |
(c) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $7,754 or 0.0% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Reddit, Inc. Series E | 5/18/21 | 8,495 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 688,607 | 8,090,240 | 7,531,590 | 24,018 | - | - | 1,247,257 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 47,125 | 336,221 | 383,346 | 52 | - | - | - | 0.0% |
Total | 735,732 | 8,426,461 | 7,914,936 | 24,070 | - | - | 1,247,257 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,716,872 | 1,587,447 | 121,671 | 7,754 |
Consumer Discretionary | 807,771 | 807,771 | - | - |
Consumer Staples | 1,178,124 | 1,108,495 | 69,629 | - |
Energy | 4,051,427 | 4,051,427 | - | - |
Financials | 4,070,416 | 4,070,416 | - | - |
Health Care | 3,334,704 | 3,323,820 | 10,884 | - |
Industrials | 3,500,371 | 3,340,780 | 159,591 | - |
Information Technology | 4,235,077 | 4,201,645 | 33,432 | - |
Materials | 629,258 | 531,830 | 97,428 | - |
Real Estate | 192,333 | 192,333 | - | - |
Utilities | 136,084 | 136,084 | - | - |
Money Market Funds | 1,247,257 | 1,247,257 | - | - |
Total Investments in Securities: | 25,099,694 | 24,599,305 | 492,635 | 7,754 |
Statement of Assets and Liabilities | ||||
October 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $15,806,583) | $23,852,437 | |||
Fidelity Central Funds (cost $1,247,257) | 1,247,257 | |||
Total Investment in Securities (cost $17,053,840) | $ | 25,099,694 | ||
Receivable for investments sold | 24,475 | |||
Receivable for fund shares sold | 6,396 | |||
Dividends receivable | 30,431 | |||
Distributions receivable from Fidelity Central Funds | 3,733 | |||
Total assets | 25,164,729 | |||
Liabilities | ||||
Payable for investments purchased | $1,866 | |||
Payable for fund shares redeemed | 53,424 | |||
Accrued management fee | 13,932 | |||
Total Liabilities | 69,222 | |||
Net Assets | $ | 25,095,507 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 15,071,313 | ||
Total accumulated earnings (loss) | 10,024,194 | |||
Net Assets | $ | 25,095,507 | ||
Net Asset Value , offering price and redemption price per share ($25,095,507 ÷ 2,126,310 shares) | $ | 11.80 | ||
Statement of Operations | ||||
Six months ended October 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 513,077 | ||
Income from Fidelity Central Funds (including $52 from security lending) | 24,070 | |||
Total Income | 537,147 | |||
Expenses | ||||
Management fee | $ | 111,480 | ||
Independent trustees' fees and expenses | 87 | |||
Total expenses before reductions | 111,567 | |||
Expense reductions | (44) | |||
Total expenses after reductions | 111,523 | |||
Net Investment income (loss) | 425,624 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,699,192 | |||
Foreign currency transactions | (413) | |||
Total net realized gain (loss) | 1,698,779 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (4,444,177) | |||
Assets and liabilities in foreign currencies | (16) | |||
Total change in net unrealized appreciation (depreciation) | (4,444,193) | |||
Net gain (loss) | (2,745,414) | |||
Net increase (decrease) in net assets resulting from operations | $ | (2,319,790) |
Statement of Changes in Net Assets | ||||
Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 425,624 | $ | 1,316,279 |
Net realized gain (loss) | 1,698,779 | 10,273,547 | ||
Change in net unrealized appreciation (depreciation) | (4,444,193) | (8,955,259) | ||
Net increase (decrease) in net assets resulting from operations | (2,319,790) | 2,634,567 | ||
Distributions to shareholders | (9,903,531) | (4,803,909) | ||
Share transactions | ||||
Proceeds from sales of shares | 15,029,011 | 20,163,965 | ||
Reinvestment of distributions | 9,903,531 | 4,803,909 | ||
Cost of shares redeemed | (32,708,365) | (49,911,830) | ||
Net increase (decrease) in net assets resulting from share transactions | (7,775,823) | (24,943,956) | ||
Total increase (decrease) in net assets | (19,999,144) | (27,113,298) | ||
Net Assets | ||||
Beginning of period | 45,094,651 | 72,207,949 | ||
End of period | $ | 25,095,507 | $ | 45,094,651 |
Other Information | ||||
Shares | ||||
Sold | 1,134,330 | 1,315,652 | ||
Issued in reinvestment of distributions | 871,790 | 314,054 | ||
Redeemed | (3,023,608) | (3,172,262) | ||
Net increase (decrease) | (1,017,488) | (1,542,556) | ||
Fidelity® Large Cap Stock K6 Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.34 | $ | 15.41 | $ | 10.37 | $ | 11.61 | $ | 11.00 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .10 | .30 D | .22 | .23 | .23 | .16 | ||||||
Net realized and unrealized gain (loss) | .01 E | (.36) E | 5.27 | (1.15) | .84 | .91 | ||||||
Total from investment operations | .11 | (.06) | 5.49 | (.92) | 1.07 | 1.07 | ||||||
Distributions from net investment income | (.05) | (.30) | (.25) | (.24) | (.20) | (.05) | ||||||
Distributions from net realized gain | (2.60) | (.71) | (.20) | (.08) | (.26) | (.01) | ||||||
Total distributions | (2.65) | (1.01) | (.45) | (.32) | (.46) | (.07) F | ||||||
Net asset value, end of period | $ | 11.80 | $ | 14.34 | $ | 15.41 | $ | 10.37 | $ | 11.61 | $ | 11.00 |
Total Return G,H | 1.48% | (.72)% | 54.03% | (8.32)% | 10.12% | 10.65% | ||||||
Ratios to Average Net Assets C,I,J | ||||||||||||
Expenses before reductions | .45% K | .45% | .45% | .45% | .45% | .45% K | ||||||
Expenses net of fee waivers, if any | .45% K | .45% | .45% | .45% | .45% | .45% K | ||||||
Expenses net of all reductions | .45% K | .45% | .45% | .45% | .44% | .45% K | ||||||
Net investment income (loss) | 1.72% K | 1.95% D | 1.80% | 2.05% | 2.09% | 1.55% K | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 25,096 | $ | 45,095 | $ | 72,208 | $ | 70,742 | $ | 87,168 | $ | 84,217 |
Portfolio turnover rate L,M | 19% K | 18% | 19% | 30% | 49% | 67% K |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $8,536,413 |
Gross unrealized depreciation | (806,854) |
Net unrealized appreciation (depreciation) | $7,729,559 |
Tax cost | $17,370,135 |
Purchases ($) | Sales ($) | |
Fidelity Large Cap Stock K6 Fund | 4,098,087 | 28,740,195 |
Shares | Total Proceeds ($) | |
Fidelity Large Cap Stock K6 Fund | 494,052 | 6,895,159 |
Shares | Total Proceeds ($) | |
Fidelity Large Cap Stock K6 Fund | 50,506 | 778,805 |
Amount | |
Fidelity Large Cap Stock K6 Fund | $118 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Large Cap Stock K6 Fund | 270,696 | 179,562 | 1,181 |
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 Large Cap Stock K6 Fund | $4 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Large Cap Stock K6 Fund | .45% | |||||||||
Actual | $ 1,000 | $ 1,014.80 | $ 2.29 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.94 | $ 2.29 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 8.3 | |
General Electric Co. | 5.9 | |
Wells Fargo & Co. | 5.8 | |
Microsoft Corp. | 5.7 | |
Apple, Inc. | 3.3 | |
Bank of America Corp. | 3.1 | |
Hess Corp. | 2.5 | |
Bristol-Myers Squibb Co. | 2.3 | |
UnitedHealth Group, Inc. | 1.8 | |
Visa, Inc. Class A | 1.8 | |
40.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 17.6 | |
Financials | 16.8 | |
Energy | 14.8 | |
Health Care | 14.3 | |
Industrials | 13.9 | |
Communication Services | 7.1 | |
Consumer Staples | 5.0 | �� |
Consumer Discretionary | 3.5 | |
Materials | 2.6 | |
Real Estate | 0.8 | |
Utilities | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 9.8% |
Common Stocks - 96.7% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 7.1% | |||
Diversified Telecommunication Services - 0.3% | |||
Cellnex Telecom SA (a) | 82,083 | 2,687 | |
Verizon Communications, Inc. | 152,012 | 5,681 | |
8,368 | |||
Entertainment - 1.4% | |||
Activision Blizzard, Inc. | 51,646 | 3,760 | |
Nintendo Co. Ltd. ADR | 369,598 | 3,740 | |
The Walt Disney Co. (b) | 177,573 | 18,919 | |
Universal Music Group NV | 610,917 | 11,996 | |
38,415 | |||
Interactive Media & Services - 3.1% | |||
Alphabet, Inc.: | |||
Class A (b) | 378,578 | 35,779 | |
Class C (b) | 341,332 | 32,310 | |
Match Group, Inc. (b) | 12,865 | 556 | |
Meta Platforms, Inc. Class A (b) | 146,423 | 13,641 | |
Snap, Inc. Class A (b) | 296,766 | 2,941 | |
85,227 | |||
Media - 2.3% | |||
Comcast Corp. Class A | 1,525,072 | 48,406 | |
Interpublic Group of Companies, Inc. | 416,887 | 12,419 | |
60,825 | |||
TOTAL COMMUNICATION SERVICES | 192,835 | ||
CONSUMER DISCRETIONARY - 3.5% | |||
Auto Components - 0.3% | |||
BorgWarner, Inc. | 202,662 | 7,606 | |
Automobiles - 0.1% | |||
General Motors Co. | 64,710 | 2,540 | |
Hotels, Restaurants & Leisure - 1.4% | |||
Booking Holdings, Inc. (b) | 11,704 | 21,880 | |
Expedia, Inc. (b) | 49,853 | 4,660 | |
Marriott International, Inc. Class A | 53,341 | 8,540 | |
Starbucks Corp. | 36,592 | 3,169 | |
38,249 | |||
Household Durables - 0.4% | |||
Mohawk Industries, Inc. (b) | 63,544 | 6,021 | |
Sony Group Corp. sponsored ADR | 42,974 | 2,899 | |
Whirlpool Corp. | 9,376 | 1,296 | |
10,216 | |||
Internet & Direct Marketing Retail - 0.1% | |||
Amazon.com, Inc. (b) | 42,560 | 4,360 | |
Multiline Retail - 0.0% | |||
Target Corp. | 5,899 | 969 | |
Specialty Retail - 1.1% | |||
Lowe's Companies, Inc. | 148,345 | 28,920 | |
Textiles, Apparel & Luxury Goods - 0.1% | |||
NIKE, Inc. Class B | 19,795 | 1,835 | |
TOTAL CONSUMER DISCRETIONARY | 94,695 | ||
CONSUMER STAPLES - 5.0% | |||
Beverages - 1.8% | |||
Diageo PLC sponsored ADR (c) | 75,078 | 12,536 | |
Keurig Dr. Pepper, Inc. | 243,980 | 9,476 | |
The Coca-Cola Co. | 442,669 | 26,494 | |
48,506 | |||
Food & Staples Retailing - 1.5% | |||
Costco Wholesale Corp. | 3,589 | 1,800 | |
Performance Food Group Co. (b) | 104,040 | 5,414 | |
Sysco Corp. | 244,053 | 21,125 | |
U.S. Foods Holding Corp. (b) | 136,299 | 4,056 | |
Walmart, Inc. | 52,370 | 7,454 | |
39,849 | |||
Household Products - 0.1% | |||
Colgate-Palmolive Co. | 3,091 | 228 | |
Spectrum Brands Holdings, Inc. | 56,491 | 2,606 | |
2,834 | |||
Personal Products - 0.2% | |||
Estee Lauder Companies, Inc. Class A | 1,200 | 241 | |
Haleon PLC ADR (b) | 1,039,756 | 6,363 | |
6,604 | |||
Tobacco - 1.4% | |||
Altria Group, Inc. | 643,411 | 29,771 | |
Swedish Match Co. AB | 802,090 | 8,249 | |
38,020 | |||
TOTAL CONSUMER STAPLES | 135,813 | ||
ENERGY - 14.7% | |||
Energy Equipment & Services - 0.0% | |||
Baker Hughes Co. Class A | 21,491 | 594 | |
Oil, Gas & Consumable Fuels - 14.7% | |||
Canadian Natural Resources Ltd. | 93,823 | 5,627 | |
Cenovus Energy, Inc. (Canada) | 2,099,118 | 42,434 | |
EQT Corp. | 70,193 | 2,937 | |
Exxon Mobil Corp. | 2,047,479 | 226,881 | |
Hess Corp. | 474,565 | 66,952 | |
Imperial Oil Ltd. | 237,372 | 12,913 | |
Kosmos Energy Ltd. (b) | 2,681,294 | 17,402 | |
Phillips 66 Co. | 37,870 | 3,949 | |
Tourmaline Oil Corp. | 355,952 | 20,056 | |
399,151 | |||
TOTAL ENERGY | 399,745 | ||
FINANCIALS - 16.8% | |||
Banks - 12.6% | |||
Bank of America Corp. | 2,338,838 | 84,292 | |
JPMorgan Chase & Co. | 229,115 | 28,841 | |
M&T Bank Corp. | 36,894 | 6,212 | |
PNC Financial Services Group, Inc. | 176,947 | 28,635 | |
Truist Financial Corp. | 455,711 | 20,411 | |
U.S. Bancorp | 389,496 | 16,534 | |
Wells Fargo & Co. | 3,447,798 | 158,564 | |
343,489 | |||
Capital Markets - 2.8% | |||
KKR & Co. LP | 278,950 | 13,565 | |
Morgan Stanley | 166,204 | 13,657 | |
Northern Trust Corp. | 290,053 | 24,466 | |
Raymond James Financial, Inc. | 76,252 | 9,008 | |
State Street Corp. | 207,563 | 15,360 | |
76,056 | |||
Consumer Finance - 0.2% | |||
Discover Financial Services | 63,362 | 6,619 | |
Diversified Financial Services - 0.0% | |||
Acacia Research Corp. (b) | 24,000 | 96 | |
Insurance - 0.2% | |||
Chubb Ltd. | 30,314 | 6,514 | |
Thrifts & Mortgage Finance - 1.0% | |||
MGIC Investment Corp. | 505,469 | 6,900 | |
Radian Group, Inc. | 925,116 | 19,307 | |
26,207 | |||
TOTAL FINANCIALS | 458,981 | ||
HEALTH CARE - 14.3% | |||
Biotechnology - 0.6% | |||
ADC Therapeutics SA (b) | 48,260 | 214 | |
Alnylam Pharmaceuticals, Inc. (b) | 33,054 | 6,851 | |
Argenx SE ADR (b) | 2,991 | 1,160 | |
Crinetics Pharmaceuticals, Inc. (b) | 82,956 | 1,531 | |
Insmed, Inc. (b) | 135,256 | 2,343 | |
Vaxcyte, Inc. (b) | 49,998 | 2,180 | |
Verve Therapeutics, Inc. (b) | 34,517 | 1,301 | |
15,580 | |||
Health Care Equipment & Supplies - 1.7% | |||
Abbott Laboratories | 10,468 | 1,036 | |
Becton, Dickinson & Co. | 31,292 | 7,384 | |
Boston Scientific Corp. (b) | 811,132 | 34,968 | |
iRhythm Technologies, Inc. (b) | 299 | 38 | |
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) | 139,742 | 1,768 | |
45,194 | |||
Health Care Providers & Services - 6.9% | |||
Cardinal Health, Inc. | 246,427 | 18,704 | |
Centene Corp. (b) | 25,222 | 2,147 | |
Cigna Corp. | 131,501 | 42,483 | |
CVS Health Corp. | 283,675 | 26,864 | |
Guardant Health, Inc. (b) | 58,749 | 2,908 | |
Humana, Inc. | 10,868 | 6,065 | |
McKesson Corp. | 98,865 | 38,495 | |
Oak Street Health, Inc. (b) | 43,073 | 871 | |
UnitedHealth Group, Inc. | 88,256 | 48,995 | |
187,532 | |||
Life Sciences Tools & Services - 0.2% | |||
Danaher Corp. | 25,242 | 6,353 | |
Pharmaceuticals - 4.9% | |||
Bayer AG | 105,032 | 5,523 | |
Bristol-Myers Squibb Co. | 790,905 | 61,271 | |
Eli Lilly & Co. | 30,106 | 10,901 | |
GSK PLC sponsored ADR (c) | 592,948 | 19,668 | |
Johnson & Johnson | 192,549 | 33,498 | |
Pliant Therapeutics, Inc. (b) | 44,171 | 1,099 | |
Sanofi SA sponsored ADR | 48,310 | 2,088 | |
Viatris, Inc. | 34,598 | 350 | |
134,398 | |||
TOTAL HEALTH CARE | 389,057 | ||
INDUSTRIALS - 13.8% | |||
Aerospace & Defense - 3.0% | |||
Airbus Group NV | 129,920 | 14,058 | |
General Dynamics Corp. | 38,902 | 9,718 | |
Huntington Ingalls Industries, Inc. | 24,928 | 6,408 | |
MTU Aero Engines AG | 11,766 | 2,108 | |
Raytheon Technologies Corp. | 48,638 | 4,612 | |
Safran SA | 22,933 | 2,554 | |
The Boeing Co. (b) | 292,909 | 41,742 | |
81,200 | |||
Air Freight & Logistics - 1.8% | |||
FedEx Corp. | 64,092 | 10,273 | |
United Parcel Service, Inc. Class B | 236,444 | 39,668 | |
49,941 | |||
Airlines - 0.1% | |||
Copa Holdings SA Class A (b) | 9,273 | 698 | |
Ryanair Holdings PLC sponsored ADR (b) | 27,918 | 1,923 | |
2,621 | |||
Building Products - 0.2% | |||
Johnson Controls International PLC | 74,779 | 4,325 | |
Commercial Services & Supplies - 0.1% | |||
ACV Auctions, Inc. Class A (b)(c) | 257,814 | 2,351 | |
Electrical Equipment - 1.1% | |||
Acuity Brands, Inc. | 53,571 | 9,834 | |
Hubbell, Inc. Class B | 34,154 | 8,111 | |
Regal Rexnord Corp. | 4,188 | 530 | |
Vertiv Holdings Co. | 838,730 | 12,002 | |
30,477 | |||
Industrial Conglomerates - 6.0% | |||
3M Co. | 25,962 | 3,266 | |
General Electric Co. | 2,067,603 | 160,880 | |
164,146 | |||
Machinery - 0.9% | |||
Cummins, Inc. | 17,647 | 4,315 | |
Flowserve Corp. | 170,966 | 4,903 | |
Fortive Corp. | 87,742 | 5,607 | |
Otis Worldwide Corp. | 56,274 | 3,975 | |
Stanley Black & Decker, Inc. | 24,527 | 1,925 | |
Westinghouse Air Brake Tech Co. | 56,986 | 5,316 | |
26,041 | |||
Professional Services - 0.1% | |||
Equifax, Inc. | 10,868 | 1,843 | |
Road & Rail - 0.5% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 265,282 | 12,741 | |
Trading Companies & Distributors - 0.0% | |||
Beijer Ref AB (B Shares) | 47,261 | 733 | |
TOTAL INDUSTRIALS | 376,419 | ||
INFORMATION TECHNOLOGY - 17.6% | |||
Electronic Equipment & Components - 0.2% | |||
Mirion Technologies, Inc. (b)(d) | 671,520 | 5,426 | |
IT Services - 4.0% | |||
Amadeus IT Holding SA Class A (b) | 83,054 | 4,332 | |
Edenred SA | 180,336 | 9,260 | |
Fidelity National Information Services, Inc. | 123,030 | 10,210 | |
Genpact Ltd. | 96,410 | 4,676 | |
Global Payments, Inc. | 15,654 | 1,789 | |
IBM Corp. | 33,103 | 4,578 | |
MasterCard, Inc. Class A | 28,120 | 9,228 | |
PayPal Holdings, Inc. (b) | 80,664 | 6,742 | |
Sabre Corp. (b)(c) | 430,589 | 2,502 | |
Snowflake, Inc. (b) | 1,895 | 304 | |
Twilio, Inc. Class A (b) | 54,630 | 4,063 | |
Unisys Corp. (b) | 384,789 | 3,271 | |
Visa, Inc. Class A | 235,408 | 48,767 | |
109,722 | |||
Semiconductors & Semiconductor Equipment - 2.3% | |||
Analog Devices, Inc. | 32,893 | 4,691 | |
Applied Materials, Inc. | 64,762 | 5,718 | |
Intel Corp. | 259,108 | 7,366 | |
Lam Research Corp. | 12,269 | 4,966 | |
Marvell Technology, Inc. | 148,223 | 5,881 | |
NVIDIA Corp. | 23,492 | 3,171 | |
Qualcomm, Inc. | 256,583 | 30,190 | |
61,983 | |||
Software - 7.7% | |||
Adobe, Inc. (b) | 33,259 | 10,593 | |
Autodesk, Inc. (b) | 28,828 | 6,178 | |
Coupa Software, Inc. (b) | 12,191 | 649 | |
DoubleVerify Holdings, Inc. (b) | 46,963 | 1,373 | |
Dynatrace, Inc. (b) | 95,841 | 3,377 | |
Elastic NV (b) | 90,742 | 5,803 | |
Intuit, Inc. | 700 | 299 | |
Microsoft Corp. | 667,060 | 154,845 | |
PTC, Inc. (b) | 27,517 | 3,242 | |
Salesforce.com, Inc. (b) | 13,469 | 2,190 | |
SAP SE sponsored ADR (c) | 198,228 | 19,042 | |
Workday, Inc. Class A (b) | 9,273 | 1,445 | |
209,036 | |||
Technology Hardware, Storage & Peripherals - 3.4% | |||
Apple, Inc. | 592,968 | 90,926 | |
Samsung Electronics Co. Ltd. | 65,110 | 2,710 | |
93,636 | |||
TOTAL INFORMATION TECHNOLOGY | 479,803 | ||
MATERIALS - 2.6% | |||
Chemicals - 0.6% | |||
Axalta Coating Systems Ltd. (b) | 46,602 | 1,087 | |
DuPont de Nemours, Inc. | 270,903 | 15,496 | |
16,583 | |||
Metals & Mining - 2.0% | |||
First Quantum Minerals Ltd. | 736,267 | 12,987 | |
Freeport-McMoRan, Inc. | 955,779 | 30,289 | |
Glencore PLC | 1,944,189 | 11,146 | |
54,422 | |||
TOTAL MATERIALS | 71,005 | ||
REAL ESTATE - 0.8% | |||
Equity Real Estate Investment Trusts (REITs) - 0.8% | |||
American Tower Corp. | 34,056 | 7,056 | |
Equinix, Inc. | 1,121 | 635 | |
Simon Property Group, Inc. | 124,440 | 13,561 | |
21,252 | |||
UTILITIES - 0.5% | |||
Electric Utilities - 0.4% | |||
Entergy Corp. | 26,422 | 2,831 | |
PG&E Corp. (b) | 147,908 | 2,208 | |
Southern Co. | 102,828 | 6,733 | |
11,772 | |||
Multi-Utilities - 0.1% | |||
Sempra Energy | 7,243 | 1,093 | |
TOTAL UTILITIES | 12,865 | ||
TOTAL COMMON STOCKS (Cost $1,917,030) | 2,632,470 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 0.0% | |||
COMMUNICATION SERVICES - 0.0% | |||
Interactive Media & Services - 0.0% | |||
Reddit, Inc. Series E (b)(d)(e) | 3,600 | 140 | |
Nonconvertible Preferred Stocks - 0.1% | |||
INDUSTRIALS - 0.1% | |||
Aerospace & Defense - 0.1% | |||
Embraer SA sponsored ADR (b) | 347,577 | 3,674 | |
TOTAL PREFERRED STOCKS (Cost $4,291) | 3,814 | ||
Other - 0.1% | |||
Shares | Value ($) (000s) | ||
ENERGY - 0.1% | |||
Oil, Gas & Consumable Fuels - 0.1% | |||
Utica Shale Drilling Program (non-operating revenue interest) (d)(e)(f) (Cost $6,968) | 6,967,758 | 2,042 | |
Money Market Funds - 4.2% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 3.10% (g) | 82,610,828 | 82,627 | |
Fidelity Securities Lending Cash Central Fund 3.10% (g)(h) | 30,652,409 | 30,655 | |
TOTAL MONEY MARKET FUNDS (Cost $113,282) | 113,282 | ||
TOTAL INVESTMENT IN SECURITIES - 101.1% (Cost $2,041,571) | 2,751,608 |
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (29,328) |
NET ASSETS - 100.0% | 2,722,280 |
(a) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $2,687,000 or 0.1% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $7,608,000 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Mirion Technologies, Inc. | 6/16/21 | 6,715 |
Reddit, Inc. Series E | 5/18/21 | 153 |
Utica Shale Drilling Program (non-operating revenue interest) | 10/05/16 - 9/01/17 | 6,968 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 1 | 168,985 | 86,359 | 467 | - | - | 82,627 | 0.2% |
Fidelity Securities Lending Cash Central Fund 3.10% | 2,427 | 99,675 | 71,447 | 14 | - | - | 30,655 | 0.1% |
Total | 2,428 | 268,660 | 157,806 | 481 | - | - | 113,282 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 192,975 | 178,152 | 14,683 | 140 |
Consumer Discretionary | 94,695 | 94,695 | - | - |
Consumer Staples | 135,813 | 127,564 | 8,249 | - |
Energy | 399,745 | 399,745 | - | - |
Financials | 458,981 | 458,981 | - | - |
Health Care | 389,057 | 383,534 | 5,523 | - |
Industrials | 380,093 | 363,481 | 16,612 | - |
Information Technology | 479,803 | 475,471 | 4,332 | - |
Materials | 71,005 | 59,859 | 11,146 | - |
Real Estate | 21,252 | 21,252 | - | - |
Utilities | 12,865 | 12,865 | - | - |
Other | 2,042 | - | - | 2,042 |
Money Market Funds | 113,282 | 113,282 | - | - |
Total Investments in Securities: | 2,751,608 | 2,688,881 | 60,545 | 2,182 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amount) | October 31, 2022 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $29,755) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,928,289) | $2,638,326 | |||
Fidelity Central Funds (cost $113,282) | 113,282 | |||
Total Investment in Securities (cost $2,041,571) | $ | 2,751,608 | ||
Cash | 138 | |||
Restricted cash | 361 | |||
Receivable for fund shares sold | 1,828 | |||
Dividends receivable | 2,704 | |||
Distributions receivable from Fidelity Central Funds | 178 | |||
Prepaid expenses | 4 | |||
Total assets | 2,756,821 | |||
Liabilities | ||||
Payable for investments purchased | $449 | |||
Payable for fund shares redeemed | 1,842 | |||
Accrued management fee | 1,181 | |||
Other affiliated payables | 376 | |||
Other payables and accrued expenses | 35 | |||
Collateral on securities loaned | 30,658 | |||
Total Liabilities | 34,541 | |||
Net Assets | $ | 2,722,280 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,000,360 | ||
Total accumulated earnings (loss) | 721,920 | |||
Net Assets | $ | 2,722,280 | ||
Net Asset Value , offering price and redemption price per share ($2,722,280 ÷ 72,298 shares) | $ | 37.65 | ||
Statement of Operations | ||||
Amounts in thousands | Six months ended October 31, 2022 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 28,136 | ||
Income from Fidelity Central Funds (including $14 from security lending) | 481 | |||
Total Income | 28,617 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 7,081 | ||
Performance adjustment | (286) | |||
Transfer agent fees | 1,963 | |||
Accounting fees | 359 | |||
Custodian fees and expenses | 15 | |||
Independent trustees' fees and expenses | 5 | |||
Registration fees | 56 | |||
Audit | 30 | |||
Legal | 4 | |||
Interest | 1 | |||
Miscellaneous | 5 | |||
Total expenses before reductions | 9,233 | |||
Expense reductions | (48) | |||
Total expenses after reductions | 9,185 | |||
Net Investment income (loss) | 19,432 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 7,847 | |||
Foreign currency transactions | (3) | |||
Total net realized gain (loss) | 7,844 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (67,105) | |||
Assets and liabilities in foreign currencies | (30) | |||
Total change in net unrealized appreciation (depreciation) | (67,135) | |||
Net gain (loss) | (59,291) | |||
Net increase (decrease) in net assets resulting from operations | $ | (39,859) |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 19,432 | $ | 54,976 |
Net realized gain (loss) | 7,844 | 102,427 | ||
Change in net unrealized appreciation (depreciation) | (67,135) | (174,723) | ||
Net increase (decrease) in net assets resulting from operations | (39,859) | (17,320) | ||
Distributions to shareholders | (58,534) | (142,957) | ||
Share transactions | ||||
Proceeds from sales of shares | 452,660 | 694,858 | ||
Reinvestment of distributions | 43,983 | 104,823 | ||
Cost of shares redeemed | (545,254) | (739,260) | ||
Net increase (decrease) in net assets resulting from share transactions | (48,611) | 60,421 | ||
Total increase (decrease) in net assets | (147,004) | (99,856) | ||
Net Assets | ||||
Beginning of period | 2,869,284 | 2,969,140 | ||
End of period | $ | 2,722,280 | $ | 2,869,284 |
Other Information | ||||
Shares | ||||
Sold | 12,477 | 16,637 | ||
Issued in reinvestment of distributions | 1,180 | 2,547 | ||
Redeemed | (14,940) | (17,865) | ||
Net increase (decrease) | (1,283) | 1,319 | ||
Fidelity® Large Cap Stock Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.00 | $ | 41.09 | $ | 27.80 | $ | 32.11 | $ | 33.02 | $ | 30.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .27 | .75 C | .57 | .63 | .63 | .47 | ||||||
Net realized and unrealized gain (loss) | (.80) | (.86) | 14.10 | (3.12) | 2.17 | 2.87 | ||||||
Total from investment operations | (.53) | (.11) | 14.67 | (2.49) | 2.80 | 3.34 | ||||||
Distributions from net investment income | (.15) | (.77) | (.65) | (.62) | (.53) D | (.38) | ||||||
Distributions from net realized gain | (.67) | (1.21) | (.73) | (1.20) | (3.18) D | (.79) | ||||||
Total distributions | (.82) | (1.98) | (1.38) | (1.82) | (3.71) | (1.17) | ||||||
Net asset value, end of period | $ | 37.65 | $ | 39.00 | $ | 41.09 | $ | 27.80 | $ | 32.11 | $ | 33.02 |
Total Return E,F | (1.35)% | (.46)% | 54.08% | (8.41)% | 9.57% | 10.96% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .69% I | .54% | .48% | .47% | .63% | .67% | ||||||
Expenses net of fee waivers, if any | .68% I | .53% | .48% | .47% | .63% | .67% | ||||||
Expenses net of all reductions | .68% I | .53% | .48% | .47% | .62% | .66% | ||||||
Net investment income (loss) | 1.44% I | 1.80% C | 1.73% | 2.05% | 1.96% | 1.44% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 2,722 | $ | 2,869 | $ | 2,969 | $ | 2,173 | $ | 2,796 | $ | 3,864 |
Portfolio turnover rate J | 4% I,K | 15% K | 18% | 32% K | 35% K | 40% K |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $916,615 |
Gross unrealized depreciation | (216,086) |
Net unrealized appreciation (depreciation) | $700,529 |
Tax cost | $2,051,079 |
$ Amount | % of Net Assets | |
Utica Shale Drilling Program (non-operating revenue interest) | 2,403 | .09 |
Purchases ($) | Sales ($) | |
Fidelity Large Cap Stock Fund | 55,758 | 211,216 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Large Cap Stock Fund | 177 | 3,407 | 6,895 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Large Cap Stock Fund | 19 | 409 | 779 |
% of Average Net Assets | |
Fidelity Large Cap Stock Fund | .03 |
Amount | |
Fidelity Large Cap Stock Fund | $2 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Large Cap Stock Fund | Borrower | $4,819 | .59% | $1 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Large Cap Stock Fund | 5,411 | 14,094 | 3,209 |
Amount | |
Fidelity Large Cap Stock Fund | $2 |
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 Large Cap Stock Fund | $1 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Large Cap Stock Fund | .68% | |||||||||
Actual | $ 1,000 | $ 986.50 | $ 3.40 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.78 | $ 3.47 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
StoneX Group, Inc. | 2.8 | |
Antero Resources Corp. | 2.7 | |
Grand Canyon Education, Inc. | 2.3 | |
LGI Homes, Inc. | 2.3 | |
Insight Enterprises, Inc. | 2.3 | |
Boston Beer Co., Inc. Class A | 2.2 | |
Selective Insurance Group, Inc. | 2.2 | |
Syneos Health, Inc. | 2.1 | |
Concentrix Corp. | 2.0 | |
Performance Food Group Co. | 1.9 | |
22.8 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 16.3 | |
Industrials | 16.3 | |
Financials | 15.2 | |
Consumer Discretionary | 12.9 | |
Information Technology | 12.5 | |
Energy | 7.4 | |
Consumer Staples | 5.0 | |
Real Estate | 4.5 | |
Materials | 4.1 | |
Communication Services | 2.4 | |
Utilities | 2.1 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 3.7% |
Common Stocks - 98.7% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 2.4% | |||
Media - 2.4% | |||
Nexstar Broadcasting Group, Inc. Class A | 73,098 | 12,522 | |
TechTarget, Inc. (a) | 121,026 | 7,812 | |
Thryv Holdings, Inc. (a)(b) | 467,089 | 9,557 | |
29,891 | |||
CONSUMER DISCRETIONARY - 12.9% | |||
Auto Components - 0.9% | |||
Fox Factory Holding Corp. (a) | 126,162 | 11,083 | |
Diversified Consumer Services - 2.3% | |||
Grand Canyon Education, Inc. (a) | 280,657 | 28,243 | |
Hotels, Restaurants & Leisure - 2.4% | |||
Churchill Downs, Inc. | 45,644 | 9,490 | |
F45 Training Holdings, Inc. (a)(b) | 1,636,782 | 5,467 | |
Planet Fitness, Inc. (a) | 214,449 | 14,042 | |
28,999 | |||
Household Durables - 5.4% | |||
Cavco Industries, Inc. (a) | 45,278 | 10,263 | |
Helen of Troy Ltd. (a) | 134,151 | 12,693 | |
LGI Homes, Inc. (a) | 300,748 | 27,684 | |
Tempur Sealy International, Inc. | 374,687 | 10,075 | |
Traeger, Inc. (a)(b) | 1,355,656 | 5,626 | |
66,341 | |||
Leisure Products - 0.5% | |||
YETI Holdings, Inc. (a) | 189,811 | 6,089 | |
Specialty Retail - 1.0% | |||
Murphy U.S.A., Inc. | 37,210 | 11,703 | |
Textiles, Apparel & Luxury Goods - 0.4% | |||
Crocs, Inc. (a) | 76,819 | 5,435 | |
TOTAL CONSUMER DISCRETIONARY | 157,893 | ||
CONSUMER STAPLES - 5.0% | |||
Beverages - 2.2% | |||
Boston Beer Co., Inc. Class A (a)(b) | 73,959 | 27,608 | |
Food & Staples Retailing - 2.8% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 139,158 | 10,771 | |
Performance Food Group Co. (a) | 452,586 | 23,553 | |
34,324 | |||
TOTAL CONSUMER STAPLES | 61,932 | ||
ENERGY - 7.4% | |||
Energy Equipment & Services - 1.2% | |||
Liberty Oilfield Services, Inc. Class A | 854,084 | 14,443 | |
Oil, Gas & Consumable Fuels - 6.2% | |||
Antero Resources Corp. (a) | 899,534 | 32,977 | |
Brigham Minerals, Inc. Class A | 296,683 | 9,197 | |
Enviva, Inc. (b) | 124,140 | 7,429 | |
Northern Oil & Gas, Inc. | 361,847 | 12,353 | |
PDC Energy, Inc. | 193,647 | 13,970 | |
75,926 | |||
TOTAL ENERGY | 90,369 | ||
FINANCIALS - 15.2% | |||
Banks - 3.3% | |||
Independent Bank Group, Inc. | 222,567 | 14,042 | |
Metropolitan Bank Holding Corp. (a) | 199,174 | 13,145 | |
PacWest Bancorp | 509,104 | 12,656 | |
Union Bankshares, Inc. | 16,910 | 417 | |
40,260 | |||
Capital Markets - 5.2% | |||
Bridge Investment Group Holdings, Inc. (b) | 624,908 | 9,786 | |
LPL Financial | 33,766 | 8,632 | |
P10, Inc. | 1,109,922 | 11,532 | |
StoneX Group, Inc. (a) | 364,123 | 33,980 | |
63,930 | |||
Consumer Finance - 1.5% | |||
Encore Capital Group, Inc. (a)(b) | 371,659 | 18,925 | |
Insurance - 2.4% | |||
Selective Insurance Group, Inc. | 268,349 | 26,320 | |
Tiptree, Inc. | 220,755 | 2,689 | |
29,009 | |||
Thrifts & Mortgage Finance - 2.8% | |||
Enact Holdings, Inc. (b) | 532,945 | 13,665 | |
Walker & Dunlop, Inc. | 225,573 | 20,293 | |
33,958 | |||
TOTAL FINANCIALS | 186,082 | ||
HEALTH CARE - 16.3% | |||
Biotechnology - 3.0% | |||
ALX Oncology Holdings, Inc. (a) | 341,300 | 4,143 | |
Avid Bioservices, Inc. (a) | 168,595 | 2,856 | |
Blueprint Medicines Corp. (a) | 76,893 | 3,986 | |
Cytokinetics, Inc. (a) | 63,026 | 2,752 | |
Day One Biopharmaceuticals, Inc. (a) | 170,400 | 3,602 | |
Exelixis, Inc. (a) | 200,023 | 3,316 | |
Instil Bio, Inc. (a) | 501,208 | 1,654 | |
Keros Therapeutics, Inc. (a) | 71,217 | 3,585 | |
Mirati Therapeutics, Inc. (a) | 49,290 | 3,318 | |
Xenon Pharmaceuticals, Inc. (a) | 86,199 | 3,152 | |
Zentalis Pharmaceuticals, Inc. (a) | 158,015 | 3,965 | |
36,329 | |||
Health Care Equipment & Supplies - 3.9% | |||
Figs, Inc. Class A (a)(b) | 1,062,972 | 7,845 | |
Heska Corp. (a) | 138,317 | 9,926 | |
Integer Holdings Corp. (a) | 31,719 | 1,977 | |
Semler Scientific, Inc. (a) | 229,882 | 9,657 | |
TransMedics Group, Inc. (a) | 215,333 | 10,383 | |
UFP Technologies, Inc. (a) | 83,624 | 7,848 | |
47,636 | |||
Health Care Providers & Services - 3.7% | |||
Acadia Healthcare Co., Inc. (a) | 102,553 | 8,338 | |
Chemed Corp. | 42,805 | 19,984 | |
Guardant Health, Inc. (a) | 34,859 | 1,726 | |
Owens & Minor, Inc. | 660,830 | 11,234 | |
R1 Rcm, Inc. (a) | 268,418 | 4,740 | |
46,022 | |||
Health Care Technology - 2.4% | |||
Evolent Health, Inc. (a) | 720,522 | 22,920 | |
Phreesia, Inc. (a) | 225,911 | 6,172 | |
29,092 | |||
Life Sciences Tools & Services - 2.4% | |||
Nanostring Technologies, Inc. (a) | 38,284 | 400 | |
Science 37 Holdings, Inc. (a) | 2,999,130 | 4,349 | |
Syneos Health, Inc. (a) | 504,401 | 25,412 | |
30,161 | |||
Pharmaceuticals - 0.9% | |||
Arvinas Holding Co. LLC (a) | 108,628 | 5,400 | |
Edgewise Therapeutics, Inc. (a) | 393,838 | 3,745 | |
Fulcrum Therapeutics, Inc. (a) | 285,366 | 1,587 | |
10,732 | |||
TOTAL HEALTH CARE | 199,972 | ||
INDUSTRIALS - 16.3% | |||
Aerospace & Defense - 1.0% | |||
Cadre Holdings, Inc. (b) | 179,035 | 5,258 | |
V2X, Inc. (a) | 159,188 | 6,525 | |
11,783 | |||
Building Products - 4.3% | |||
Builders FirstSource, Inc. (a) | 354,168 | 21,838 | |
CSW Industrials, Inc. | 136,677 | 17,620 | |
Hayward Holdings, Inc. (a)(b) | 1,380,967 | 12,774 | |
52,232 | |||
Construction & Engineering - 2.3% | |||
Granite Construction, Inc. | 319,215 | 10,767 | |
Willscot Mobile Mini Holdings (a) | 420,395 | 17,879 | |
28,646 | |||
Electrical Equipment - 2.2% | |||
Atkore, Inc. (a) | 109,757 | 10,460 | |
Vertiv Holdings Co. | 1,183,713 | 16,939 | |
27,399 | |||
Professional Services - 4.8% | |||
CACI International, Inc. Class A (a) | 77,239 | 23,483 | |
Kforce, Inc. | 347,049 | 21,958 | |
TriNet Group, Inc. (a) | 210,101 | 13,652 | |
59,093 | |||
Trading Companies & Distributors - 1.7% | |||
Beacon Roofing Supply, Inc. (a) | 189,678 | 10,688 | |
Custom Truck One Source, Inc. Class A (a) | 1,361,004 | 9,432 | |
20,120 | |||
TOTAL INDUSTRIALS | 199,273 | ||
INFORMATION TECHNOLOGY - 12.5% | |||
Electronic Equipment & Components - 3.2% | |||
Insight Enterprises, Inc. (a) | 292,680 | 27,661 | |
Mirion Technologies, Inc. Class A (a)(b) | 1,416,636 | 11,446 | |
39,107 | |||
IT Services - 3.9% | |||
Concentrix Corp. | 204,950 | 25,051 | |
Cyxtera Technologies, Inc. Class A (a) | 961,022 | 2,326 | |
ExlService Holdings, Inc. (a) | 113,121 | 20,571 | |
47,948 | |||
Semiconductors & Semiconductor Equipment - 1.6% | |||
MaxLinear, Inc. Class A (a)(b) | 379,459 | 11,718 | |
SiTime Corp. (a) | 81,624 | 7,331 | |
19,049 | |||
Software - 2.8% | |||
Elastic NV (a) | 185,244 | 11,846 | |
Five9, Inc. (a) | 259,412 | 15,632 | |
Intapp, Inc. (a) | 279,988 | 6,289 | |
Sikri Holding A/S (a) | 326,500 | 193 | |
33,960 | |||
Technology Hardware, Storage & Peripherals - 1.0% | |||
Avid Technology, Inc. (a) | 465,599 | 12,799 | |
TOTAL INFORMATION TECHNOLOGY | 152,863 | ||
MATERIALS - 4.1% | |||
Chemicals - 2.9% | |||
Hawkins, Inc. | 162,176 | 7,303 | |
Intrepid Potash, Inc. (a) | 229,666 | 10,392 | |
Valvoline, Inc. | 606,378 | 17,803 | |
35,498 | |||
Metals & Mining - 1.2% | |||
Commercial Metals Co. | 227,154 | 10,336 | |
Gatos Silver, Inc. (a) | 1,300,276 | 4,291 | |
14,627 | |||
TOTAL MATERIALS | 50,125 | ||
REAL ESTATE - 4.5% | |||
Equity Real Estate Investment Trusts (REITs) - 2.3% | |||
Sunstone Hotel Investors, Inc. | 877,472 | 9,784 | |
Terreno Realty Corp. | 319,426 | 18,252 | |
28,036 | |||
Real Estate Management & Development - 2.2% | |||
Cushman & Wakefield PLC (a) | 758,650 | 8,762 | |
Jones Lang LaSalle, Inc. (a) | 119,718 | 19,046 | |
27,808 | |||
TOTAL REAL ESTATE | 55,844 | ||
UTILITIES - 2.1% | |||
Gas Utilities - 0.7% | |||
Brookfield Infrastructure Corp. A Shares | 208,655 | 8,997 | |
Independent Power and Renewable Electricity Producers - 1.4% | |||
NextEra Energy Partners LP | 221,581 | 16,413 | |
TOTAL UTILITIES | 25,410 | ||
TOTAL COMMON STOCKS (Cost $1,201,200) | 1,209,654 | ||
Money Market Funds - 7.9% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 3.10% (c) | 17,066,558 | 17,070 | |
Fidelity Securities Lending Cash Central Fund 3.10% (c)(d) | 79,443,032 | 79,451 | |
TOTAL MONEY MARKET FUNDS (Cost $96,521) | 96,521 | ||
TOTAL INVESTMENT IN SECURITIES - 106.6% (Cost $1,297,721) | 1,306,175 |
NET OTHER ASSETS (LIABILITIES) - (6.6)% | (81,262) |
NET ASSETS - 100.0% | 1,224,913 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | 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 3.10% | 25,816 | 194,753 | 203,499 | 146 | - | - | 17,070 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 59,160 | 338,815 | 318,524 | 70 | - | - | 79,451 | 0.2% |
Total | 84,976 | 533,568 | 522,023 | 216 | - | - | 96,521 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 29,891 | 29,891 | - | - |
Consumer Discretionary | 157,893 | 157,893 | - | - |
Consumer Staples | 61,932 | 61,932 | - | - |
Energy | 90,369 | 90,369 | - | - |
Financials | 186,082 | 186,082 | - | - |
Health Care | 199,972 | 199,972 | - | - |
Industrials | 199,273 | 199,273 | - | - |
Information Technology | 152,863 | 152,863 | - | - |
Materials | 50,125 | 50,125 | - | - |
Real Estate | 55,844 | 55,844 | - | - |
Utilities | 25,410 | 25,410 | - | - |
Money Market Funds | 96,521 | 96,521 | - | - |
Total Investments in Securities: | 1,306,175 | 1,306,175 | - | - |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amount) | October 31, 2022 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $76,723) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,201,200) | $1,209,654 | |||
Fidelity Central Funds (cost $96,521) | 96,521 | |||
Total Investment in Securities (cost $1,297,721) | $ | 1,306,175 | ||
Cash | 127 | |||
Receivable for investments sold | 5,924 | |||
Receivable for fund shares sold | 434 | |||
Dividends receivable | 271 | |||
Distributions receivable from Fidelity Central Funds | 47 | |||
Prepaid expenses | 2 | |||
Total assets | 1,312,980 | |||
Liabilities | ||||
Payable for investments purchased | $7,389 | |||
Payable for fund shares redeemed | 506 | |||
Accrued management fee | 505 | |||
Other affiliated payables | 185 | |||
Other payables and accrued expenses | 36 | |||
Collateral on securities loaned | 79,446 | |||
Total Liabilities | 88,067 | |||
Net Assets | $ | 1,224,913 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,282,767 | ||
Total accumulated earnings (loss) | (57,854) | |||
Net Assets | $ | 1,224,913 | ||
Net Asset Value , offering price and redemption price per share ($1,224,913 ÷ 82,682 shares) | $ | 14.81 | ||
Statement of Operations | ||||
Amounts in thousands | Six months ended October 31, 2022 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 3,859 | ||
Income from Fidelity Central Funds (including $70 from security lending) | 216 | |||
Total Income | 4,075 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,086 | ||
Performance adjustment | (628) | |||
Transfer agent fees | 937 | |||
Accounting fees | 177 | |||
Custodian fees and expenses | 12 | |||
Independent trustees' fees and expenses | 2 | |||
Registration fees | 17 | |||
Audit | 31 | |||
Legal | 3 | |||
Interest | 1 | |||
Miscellaneous | 4 | |||
Total expenses before reductions | 4,642 | |||
Expense reductions | (23) | |||
Total expenses after reductions | 4,619 | |||
Net Investment income (loss) | (544) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 24,006 | |||
Foreign currency transactions | (5) | |||
Total net realized gain (loss) | 24,001 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (65,186) | |||
Assets and liabilities in foreign currencies | (11) | |||
Total change in net unrealized appreciation (depreciation) | (65,197) | |||
Net gain (loss) | (41,196) | |||
Net increase (decrease) in net assets resulting from operations | $ | (41,740) |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (544) | $ | 1,604 |
Net realized gain (loss) | 24,001 | 196,178 | ||
Change in net unrealized appreciation (depreciation) | (65,197) | (394,701) | ||
Net increase (decrease) in net assets resulting from operations | (41,740) | (196,919) | ||
Distributions to shareholders | (85,845) | (317,546) | ||
Share transactions | ||||
Proceeds from sales of shares | 95,823 | 55,957 | ||
Reinvestment of distributions | 82,717 | 306,087 | ||
Cost of shares redeemed | (83,704) | (199,191) | ||
Net increase (decrease) in net assets resulting from share transactions | 94,836 | 162,853 | ||
Total increase (decrease) in net assets | (32,749) | (351,612) | ||
Net Assets | ||||
Beginning of period | 1,257,662 | 1,609,274 | ||
End of period | $ | 1,224,913 | $ | 1,257,662 |
Other Information | ||||
Shares | ||||
Sold | 6,202 | 2,697 | ||
Issued in reinvestment of distributions | 5,578 | 15,213 | ||
Redeemed | (5,592) | (9,667) | ||
Net increase (decrease) | 6,188 | 8,243 | ||
Fidelity® Small Cap Stock Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.44 | $ | 23.58 | $ | 14.00 | $ | 16.89 | $ | 19.56 | $ | 19.38 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | .02 | (.01) | .05 | .12 C | .08 D | ||||||
Net realized and unrealized gain (loss) | (.48) | (2.57) | 9.59 | (2.88) | .90 | 1.86 | ||||||
Total from investment operations | (.49) | (2.55) | 9.58 | (2.83) | 1.02 | 1.94 | ||||||
Distributions from net investment income | - | (.05) | - | (.06) | (.06) | (.07) | ||||||
Distributions from net realized gain | (1.14) | (4.54) | - | - | (3.64) | (1.69) | ||||||
Total distributions | (1.14) | (4.59) | - | (.06) | (3.69) E | (1.76) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 14.81 | $ | 16.44 | $ | 23.58 | $ | 14.00 | $ | 16.89 | $ | 19.56 |
Total Return G,H | (3.00)% | (13.53)% | 68.43% | (16.85)% | 6.66% | 10.39% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .77% K | .90% | .88% | .91% | .67% | .82% | ||||||
Expenses net of fee waivers, if any | .76% K | .89% | .88% | .91% | .67% | .82% | ||||||
Expenses net of all reductions | .76% K | .89% | .86% | .90% | .67% | .81% | ||||||
Net investment income (loss) | (.09)% K | .10% | (.05)% | .27% | .66% C | .39% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 1,225 | $ | 1,258 | $ | 1,609 | $ | 1,097 | $ | 1,515 | $ | 1,595 |
Portfolio turnover rate L,M | 73% K | 135% | 123% | 65% | 66% | 63% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $169,800 |
Gross unrealized depreciation | (166,040) |
Net unrealized appreciation (depreciation) | $3,760 |
Tax cost | $1,302,415 |
Purchases ($) | Sales ($) | |
Fidelity Small Cap Stock Fund | 460,864 | 439,748 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Small Cap Stock Fund | 97 | 184 | 1,362 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Small Cap Stock Fund | 174 | 621 | 3,033 |
% of Average Net Assets | |
Fidelity Small Cap Stock Fund | .03 |
Amount | |
Fidelity Small Cap Stock Fund | $16 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Small Cap Stock Fund | Borrower | $18,976 | 2.57% | $1 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Small Cap Stock Fund | 24,246 | 15,358 | 2,085 |
Amount | |
Fidelity Small Cap Stock Fund | $1 |
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 Small Cap Stock Fund | $7 | $1 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Small Cap Stock Fund | .76% | |||||||||
Actual | $ 1,000 | $ 970.00 | $ 3.77 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.37 | $ 3.87 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
StoneX Group, Inc. | 2.8 | |
Antero Resources Corp. | 2.7 | |
Grand Canyon Education, Inc. | 2.3 | |
Boston Beer Co., Inc. Class A | 2.3 | |
Insight Enterprises, Inc. | 2.3 | |
LGI Homes, Inc. | 2.3 | |
Selective Insurance Group, Inc. | 2.1 | |
Syneos Health, Inc. | 2.1 | |
Concentrix Corp. | 1.9 | |
CACI International, Inc. Class A | 1.9 | |
22.7 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 16.3 | |
Industrials | 16.2 | |
Financials | 15.1 | |
Consumer Discretionary | 12.8 | |
Information Technology | 12.4 | |
Energy | 7.3 | |
Consumer Staples | 5.1 | |
Real Estate | 4.6 | |
Materials | 4.1 | |
Communication Services | 2.4 | |
Utilities | 2.1 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 3.8% |
Common Stocks - 98.4% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.4% | |||
Media - 2.4% | |||
Nexstar Broadcasting Group, Inc. Class A | 3,526 | 604,004 | |
TechTarget, Inc. (a) | 5,774 | 372,712 | |
Thryv Holdings, Inc. (a) | 21,211 | 433,977 | |
1,410,693 | |||
CONSUMER DISCRETIONARY - 12.8% | |||
Auto Components - 0.9% | |||
Fox Factory Holding Corp. (a) | 6,038 | 530,438 | |
Diversified Consumer Services - 2.3% | |||
Grand Canyon Education, Inc. (a) | 13,443 | 1,352,769 | |
Hotels, Restaurants & Leisure - 2.4% | |||
Churchill Downs, Inc. | 2,156 | 448,254 | |
F45 Training Holdings, Inc. (a) | 78,123 | 260,931 | |
Planet Fitness, Inc. (a) | 10,251 | 671,235 | |
1,380,420 | |||
Household Durables - 5.4% | |||
Cavco Industries, Inc. (a) | 2,122 | 480,994 | |
Helen of Troy Ltd. (a) | 6,449 | 610,204 | |
LGI Homes, Inc. (a) | 14,352 | 1,321,102 | |
Tempur Sealy International, Inc. | 17,913 | 481,681 | |
Traeger, Inc. (a)(b) | 65,244 | 270,763 | |
3,164,744 | |||
Leisure Products - 0.5% | |||
YETI Holdings, Inc. (a) | 9,089 | 291,575 | |
Specialty Retail - 0.9% | |||
Murphy U.S.A., Inc. | 1,740 | 547,247 | |
Textiles, Apparel & Luxury Goods - 0.4% | |||
Crocs, Inc. (a) | 3,681 | 260,431 | |
TOTAL CONSUMER DISCRETIONARY | 7,527,624 | ||
CONSUMER STAPLES - 5.1% | |||
Beverages - 2.3% | |||
Boston Beer Co., Inc. Class A (a) | 3,566 | 1,331,152 | |
Food & Staples Retailing - 2.8% | |||
BJ's Wholesale Club Holdings, Inc. (a) | 6,706 | 519,044 | |
Performance Food Group Co. (a) | 21,614 | 1,124,793 | |
1,643,837 | |||
TOTAL CONSUMER STAPLES | 2,974,989 | ||
ENERGY - 7.3% | |||
Energy Equipment & Services - 1.1% | |||
Liberty Oilfield Services, Inc. Class A | 40,736 | 688,846 | |
Oil, Gas & Consumable Fuels - 6.2% | |||
Antero Resources Corp. (a) | 42,966 | 1,575,134 | |
Brigham Minerals, Inc. Class A | 14,205 | 440,355 | |
Enviva, Inc. | 5,930 | 354,851 | |
Northern Oil & Gas, Inc. | 17,260 | 589,256 | |
PDC Energy, Inc. | 9,253 | 667,511 | |
3,627,107 | |||
TOTAL ENERGY | 4,315,953 | ||
FINANCIALS - 15.1% | |||
Banks - 3.3% | |||
Independent Bank Group, Inc. | 10,633 | 670,836 | |
Metropolitan Bank Holding Corp. (a) | 9,526 | 628,716 | |
PacWest Bancorp | 24,496 | 608,971 | |
1,908,523 | |||
Capital Markets - 5.2% | |||
Bridge Investment Group Holdings, Inc. (b) | 29,791 | 466,527 | |
LPL Financial | 1,583 | 404,694 | |
P10, Inc. | 52,927 | 549,912 | |
StoneX Group, Inc. (a) | 17,457 | 1,629,086 | |
3,050,219 | |||
Consumer Finance - 1.5% | |||
Encore Capital Group, Inc. (a)(b) | 17,741 | 903,372 | |
Insurance - 2.3% | |||
Selective Insurance Group, Inc. | 12,851 | 1,260,426 | |
Tiptree, Inc. | 9,827 | 119,693 | |
1,380,119 | |||
Thrifts & Mortgage Finance - 2.8% | |||
Enact Holdings, Inc. | 25,482 | 653,358 | |
Walker & Dunlop, Inc. | 10,771 | 968,959 | |
1,622,317 | |||
TOTAL FINANCIALS | 8,864,550 | ||
HEALTH CARE - 16.3% | |||
Biotechnology - 3.0% | |||
ALX Oncology Holdings, Inc. (a) | 16,500 | 200,310 | |
Avid Bioservices, Inc. (a) | 8,305 | 140,687 | |
Blueprint Medicines Corp. (a) | 3,507 | 181,803 | |
Cytokinetics, Inc. (a) | 2,974 | 129,845 | |
Day One Biopharmaceuticals, Inc. (a) | 8,200 | 173,348 | |
Exelixis, Inc. (a) | 9,777 | 162,103 | |
Instil Bio, Inc. (a)(b) | 28,109 | 92,760 | |
Keros Therapeutics, Inc. (a) | 3,383 | 170,300 | |
Mirati Therapeutics, Inc. (a) | 2,410 | 162,241 | |
Xenon Pharmaceuticals, Inc. (a) | 4,101 | 149,974 | |
Zentalis Pharmaceuticals, Inc. (a) | 7,685 | 192,817 | |
1,756,188 | |||
Health Care Equipment & Supplies - 3.8% | |||
Figs, Inc. Class A (a)(b) | 50,728 | 374,373 | |
Heska Corp. (a) | 6,583 | 472,396 | |
Integer Holdings Corp. (a) | 983 | 61,270 | |
Semler Scientific, Inc. (a) | 10,974 | 461,018 | |
TransMedics Group, Inc. (a) | 10,294 | 496,377 | |
UFP Technologies, Inc. (a) | 4,021 | 377,371 | |
2,242,805 | |||
Health Care Providers & Services - 3.8% | |||
Acadia Healthcare Co., Inc. (a) | 4,947 | 402,191 | |
Chemed Corp. | 2,105 | 982,761 | |
Guardant Health, Inc. (a) | 1,841 | 91,130 | |
Owens & Minor, Inc. | 31,203 | 530,451 | |
R1 Rcm, Inc. (a) | 12,782 | 225,730 | |
2,232,263 | |||
Health Care Technology - 2.4% | |||
Evolent Health, Inc. (a) | 34,582 | 1,100,053 | |
Phreesia, Inc. (a) | 10,589 | 289,291 | |
1,389,344 | |||
Life Sciences Tools & Services - 2.4% | |||
Science 37 Holdings, Inc. (a) | 148,200 | 214,890 | |
Syneos Health, Inc. (a) | 24,138 | 1,216,072 | |
1,430,962 | |||
Pharmaceuticals - 0.9% | |||
Arvinas Holding Co. LLC (a) | 5,272 | 262,071 | |
Edgewise Therapeutics, Inc. (a) | 18,862 | 179,378 | |
Fulcrum Therapeutics, Inc. (a) | 13,852 | 77,017 | |
518,466 | |||
TOTAL HEALTH CARE | 9,570,028 | ||
INDUSTRIALS - 16.2% | |||
Aerospace & Defense - 1.0% | |||
Cadre Holdings, Inc. | 8,565 | 251,554 | |
V2X, Inc. (a) | 7,561 | 309,925 | |
561,479 | |||
Building Products - 4.3% | |||
Builders FirstSource, Inc. (a) | 17,000 | 1,048,220 | |
CSW Industrials, Inc. | 6,523 | 840,945 | |
Hayward Holdings, Inc. (a)(b) | 65,933 | 609,880 | |
2,499,045 | |||
Construction & Engineering - 2.3% | |||
Granite Construction, Inc. | 15,185 | 512,190 | |
Willscot Mobile Mini Holdings (a) | 20,105 | 855,066 | |
1,367,256 | |||
Electrical Equipment - 2.2% | |||
Atkore, Inc. (a) | 5,243 | 499,658 | |
Vertiv Holdings Co. (b) | 56,487 | 808,329 | |
1,307,987 | |||
Professional Services - 4.8% | |||
CACI International, Inc. Class A (a) | 3,721 | 1,131,296 | |
Kforce, Inc. | 16,566 | 1,048,131 | |
TriNet Group, Inc. (a) | 10,050 | 653,049 | |
2,832,476 | |||
Trading Companies & Distributors - 1.6% | |||
Beacon Roofing Supply, Inc. (a) | 9,022 | 508,390 | |
Custom Truck One Source, Inc. Class A (a) | 64,896 | 449,729 | |
958,119 | |||
TOTAL INDUSTRIALS | 9,526,362 | ||
INFORMATION TECHNOLOGY - 12.4% | |||
Electronic Equipment & Components - 3.2% | |||
Insight Enterprises, Inc. (a) | 14,020 | 1,325,030 | |
Mirion Technologies, Inc. Class A (a)(b) | 67,603 | 546,232 | |
1,871,262 | |||
IT Services - 3.8% | |||
Concentrix Corp. | 9,370 | 1,145,295 | |
Cyxtera Technologies, Inc. Class A (a) | 47,247 | 114,338 | |
ExlService Holdings, Inc. (a) | 5,379 | 978,171 | |
2,237,804 | |||
Semiconductors & Semiconductor Equipment - 1.6% | |||
MaxLinear, Inc. Class A (a) | 18,041 | 557,106 | |
SiTime Corp. (a) | 3,926 | 352,594 | |
909,700 | |||
Software - 2.8% | |||
Elastic NV (a) | 8,856 | 566,341 | |
Five9, Inc. (a) | 12,488 | 752,527 | |
Intapp, Inc. (a) | 13,536 | 304,019 | |
1,622,887 | |||
Technology Hardware, Storage & Peripherals - 1.0% | |||
Avid Technology, Inc. (a) | 22,226 | 610,993 | |
TOTAL INFORMATION TECHNOLOGY | 7,252,646 | ||
MATERIALS - 4.1% | |||
Chemicals - 2.9% | |||
Hawkins, Inc. | 7,704 | 346,911 | |
Intrepid Potash, Inc. (a) | 10,966 | 496,212 | |
Valvoline, Inc. | 28,922 | 849,150 | |
1,692,273 | |||
Metals & Mining - 1.2% | |||
Commercial Metals Co. | 10,846 | 493,493 | |
Gatos Silver, Inc. (a) | 62,624 | 206,659 | |
700,152 | |||
TOTAL MATERIALS | 2,392,425 | ||
REAL ESTATE - 4.6% | |||
Equity Real Estate Investment Trusts (REITs) - 2.3% | |||
Sunstone Hotel Investors, Inc. | 41,828 | 466,382 | |
Terreno Realty Corp. | 15,274 | 872,756 | |
1,339,138 | |||
Real Estate Management & Development - 2.3% | |||
Cushman & Wakefield PLC (a) | 38,574 | 445,530 | |
Jones Lang LaSalle, Inc. (a) | 5,710 | 908,404 | |
1,353,934 | |||
TOTAL REAL ESTATE | 2,693,072 | ||
UTILITIES - 2.1% | |||
Gas Utilities - 0.7% | |||
Brookfield Infrastructure Corp. A Shares | 9,945 | 428,828 | |
Independent Power and Renewable Electricity Producers - 1.4% | |||
NextEra Energy Partners LP | 10,586 | 784,105 | |
TOTAL UTILITIES | 1,212,933 | ||
TOTAL COMMON STOCKS (Cost $56,794,482) | 57,741,275 | ||
Money Market Funds - 6.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (c) | 1,003,943 | 1,004,144 | |
Fidelity Securities Lending Cash Central Fund 3.10% (c)(d) | 2,797,710 | 2,797,989 | |
TOTAL MONEY MARKET FUNDS (Cost $3,802,133) | 3,802,133 | ||
TOTAL INVESTMENT IN SECURITIES - 104.9% (Cost $60,596,615) | 61,543,408 |
NET OTHER ASSETS (LIABILITIES) - (4.9)% | (2,889,900) |
NET ASSETS - 100.0% | 58,653,508 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 1,365,902 | 10,318,059 | 10,679,817 | 6,916 | - | - | 1,004,144 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 4,816,739 | 20,737,196 | 22,755,946 | 4,374 | - | - | 2,797,989 | 0.0% |
Total | 6,182,641 | 31,055,255 | 33,435,763 | 11,290 | - | - | 3,802,133 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,410,693 | 1,410,693 | - | - |
Consumer Discretionary | 7,527,624 | 7,527,624 | - | - |
Consumer Staples | 2,974,989 | 2,974,989 | - | - |
Energy | 4,315,953 | 4,315,953 | - | - |
Financials | 8,864,550 | 8,864,550 | - | - |
Health Care | 9,570,028 | 9,570,028 | - | - |
Industrials | 9,526,362 | 9,526,362 | - | - |
Information Technology | 7,252,646 | 7,252,646 | - | - |
Materials | 2,392,425 | 2,392,425 | - | - |
Real Estate | 2,693,072 | 2,693,072 | - | - |
Utilities | 1,212,933 | 1,212,933 | - | - |
Money Market Funds | 3,802,133 | 3,802,133 | - | - |
Total Investments in Securities: | 61,543,408 | 61,543,408 | - | - |
Statement of Assets and Liabilities | ||||
October 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,635,292) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $56,794,482) | $57,741,275 | |||
Fidelity Central Funds (cost $3,802,133) | 3,802,133 | |||
Total Investment in Securities (cost $60,596,615) | $ | 61,543,408 | ||
Receivable for investments sold | 257,700 | |||
Receivable for fund shares sold | 32,851 | |||
Dividends receivable | 17,034 | |||
Distributions receivable from Fidelity Central Funds | 2,827 | |||
Total assets | 61,853,820 | |||
Liabilities | ||||
Payable for investments purchased | $364,006 | |||
Payable for fund shares redeemed | 11,137 | |||
Accrued management fee | 27,369 | |||
Collateral on securities loaned | 2,797,800 | |||
Total Liabilities | 3,200,312 | |||
Net Assets | $ | 58,653,508 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 60,089,583 | ||
Total accumulated earnings (loss) | (1,436,075) | |||
Net Assets | $ | 58,653,508 | ||
Net Asset Value , offering price and redemption price per share ($58,653,508 ÷ 6,015,414 shares) | $ | 9.75 | ||
Statement of Operations | ||||
Six months ended October 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 176,760 | ||
Income from Fidelity Central Funds (including $4,374 from security lending) | 11,290 | |||
Total Income | 188,050 | |||
Expenses | ||||
Management fee | $ | 167,137 | ||
Independent trustees' fees and expenses | 96 | |||
Total expenses before reductions | 167,233 | |||
Expense reductions | (21) | |||
Total expenses after reductions | 167,212 | |||
Net Investment income (loss) | 20,838 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,452,182 | |||
Foreign currency transactions | 69 | |||
Total net realized gain (loss) | 1,452,251 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (2,841,998) | |||
Assets and liabilities in foreign currencies | (526) | |||
Total change in net unrealized appreciation (depreciation) | (2,842,524) | |||
Net gain (loss) | (1,390,273) | |||
Net increase (decrease) in net assets resulting from operations | $ | (1,369,435) |
Statement of Changes in Net Assets | ||||
Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 20,838 | $ | 247,836 |
Net realized gain (loss) | 1,452,251 | 10,714,178 | ||
Change in net unrealized appreciation (depreciation) | (2,842,524) | (18,596,073) | ||
Net increase (decrease) in net assets resulting from operations | (1,369,435) | (7,634,059) | ||
Distributions to shareholders | (4,797,169) | (15,496,196) | ||
Share transactions | ||||
Proceeds from sales of shares | 6,023,230 | 9,809,243 | ||
Reinvestment of distributions | 4,797,169 | 15,496,196 | ||
Cost of shares redeemed | (3,172,843) | (20,874,801) | ||
Net increase (decrease) in net assets resulting from share transactions | 7,647,556 | 4,430,638 | ||
Total increase (decrease) in net assets | 1,480,952 | (18,699,617) | ||
Net Assets | ||||
Beginning of period | 57,172,556 | 75,872,173 | ||
End of period | $ | 58,653,508 | $ | 57,172,556 |
Other Information | ||||
Shares | ||||
Sold | 619,734 | 815,455 | ||
Issued in reinvestment of distributions | 493,536 | 1,146,262 | ||
Redeemed | (323,808) | (1,596,861) | ||
Net increase (decrease) | 789,462 | 364,856 | ||
Fidelity® Small Cap Stock K6 Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.94 | $ | 15.61 | $ | 9.24 | $ | 11.16 | $ | 11.02 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | - D | .05 | .03 | .06 | .08 E | .06 | ||||||
Net realized and unrealized gain (loss) | (.26) | (1.54) | 6.38 | (1.88) | .57 | 1.02 | ||||||
Total from investment operations | (.26) | (1.49) | 6.41 | (1.82) | .65 | 1.08 | ||||||
Distributions from net investment income | - | (.06) | (.04) | (.10) | (.05) | (.03) | ||||||
Distributions from net realized gain | (.93) | (3.13) | - | - | (.46) | (.04) | ||||||
Total distributions | (.93) | (3.18) F | (.04) | (.10) | (.51) | (.06) F | ||||||
Net asset value, end of period | $ | 9.75 | $ | 10.94 | $ | 15.61 | $ | 9.24 | $ | 11.16 | $ | 11.02 |
Total Return G,H | (2.39)% | (12.54)% | 69.44% | (16.50)% | 6.43% | 10.83% | ||||||
Ratios to Average Net Assets C,I,J | ||||||||||||
Expenses before reductions | .60% K | .60% | .60% | .60% | .60% | .60% K | ||||||
Expenses net of fee waivers, if any | .60% K | .60% | .60% | .60% | .60% | .60% K | ||||||
Expenses net of all reductions | .60% K | .60% | .56% | .60% | .59% | .59% K | ||||||
Net investment income (loss) | .07% K | .35% | .27% | .58% | .71% E | .56% K | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 58,654 | $ | 57,173 | $ | 75,872 | $ | 72,029 | $ | 88,686 | $ | 96,525 |
Portfolio turnover rate L | 74% K,M | 148% M | 136% M | 73% M | 75% M | 90% K,M |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $7,965,528 |
Gross unrealized depreciation | (7,278,431) |
Net unrealized appreciation (depreciation) | $687,097 |
Tax cost | $60,856,311 |
Purchases ($) | Sales ($) | |
Fidelity Small Cap Stock K6 Fund | 22,249,161 | 20,260,241 |
Shares | Total Proceeds ($) | |
Fidelity Small Cap Stock K6 Fund | 147,924 | 1,362,383 |
Shares | Total Proceeds ($) | |
Fidelity Small Cap Stock K6 Fund | 261,037 | 3,033,247 |
Amount | |
Fidelity Small Cap Stock K6 Fund | $711 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Small Cap Stock K6 Fund | 998,067 | 602,604 | 83,484 |
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 Small Cap Stock K6 Fund | $435 | $40 | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Small Cap Stock K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 976.10 | $ 2.99 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.18 | $ 3.06 | |||||||
Contents
Board Approval of Investment Advisory Contracts and Management Fees |
Top Holdings (% of Fund's net assets) | ||
Insight Enterprises, Inc. | 3.3 | |
Valvoline, Inc. | 3.1 | |
FirstCash Holdings, Inc. | 3.1 | |
Capcom Co. Ltd. | 3.0 | |
LGI Homes, Inc. | 2.9 | |
Tempur Sealy International, Inc. | 2.9 | |
Concentrix Corp. | 2.8 | |
Cullen/Frost Bankers, Inc. | 2.7 | |
Beacon Roofing Supply, Inc. | 2.6 | |
Jones Lang LaSalle, Inc. | 2.5 | |
28.9 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.2 | |
Industrials | 16.1 | |
Consumer Discretionary | 13.4 | |
Information Technology | 12.6 | |
Health Care | 11.5 | |
Real Estate | 6.5 | |
Materials | 5.4 | |
Communication Services | 5.0 | |
Energy | 4.0 | |
Consumer Staples | 1.9 | |
Utilities | 1.8 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 22% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable. |
Common Stocks - 99.4% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.0% | |||
Entertainment - 3.0% | |||
Capcom Co. Ltd. | 3,000,000 | 83,627,560 | |
Interactive Media & Services - 1.6% | |||
Ziff Davis, Inc. (a) | 600,000 | 46,434,000 | |
Media - 0.4% | |||
Emerald Holding, Inc. (a) | 3,173,000 | 10,597,820 | |
TOTAL COMMUNICATION SERVICES | 140,659,380 | ||
CONSUMER DISCRETIONARY - 13.4% | |||
Auto Components - 1.9% | |||
Adient PLC (a) | 650,000 | 22,737,000 | |
Patrick Industries, Inc. | 700,000 | 31,997,000 | |
54,734,000 | |||
Diversified Consumer Services - 2.0% | |||
Adtalem Global Education, Inc. (a) | 900,000 | 37,530,000 | |
OneSpaWorld Holdings Ltd. (a) | 1,500,000 | 13,605,000 | |
Perdoceo Education Corp. (a) | 438,516 | 5,012,238 | |
56,147,238 | |||
Household Durables - 6.7% | |||
Helen of Troy Ltd. (a) | 250,000 | 23,655,000 | |
LGI Homes, Inc. (a)(b) | 900,000 | 82,845,000 | |
Tempur Sealy International, Inc. | 3,050,000 | 82,014,500 | |
188,514,500 | |||
Multiline Retail - 0.9% | |||
Ollie's Bargain Outlet Holdings, Inc. (a) | 450,000 | 25,200,000 | |
Specialty Retail - 1.9% | |||
America's Car Mart, Inc. (a)(b) | 200,000 | 13,672,000 | |
Rent-A-Center, Inc. | 1,250,000 | 26,062,500 | |
Winmark Corp. | 50,000 | 12,582,000 | |
52,316,500 | |||
TOTAL CONSUMER DISCRETIONARY | 376,912,238 | ||
CONSUMER STAPLES - 1.9% | |||
Food & Staples Retailing - 1.9% | |||
Performance Food Group Co. (a) | 1,050,000 | 54,642,000 | |
ENERGY - 4.0% | |||
Energy Equipment & Services - 0.9% | |||
ShawCor Ltd. Class A (a)(c) | 3,700,000 | 26,996,000 | |
Oil, Gas & Consumable Fuels - 3.1% | |||
Brigham Minerals, Inc. Class A | 2,200,000 | 68,200,000 | |
Parkland Corp. | 932,400 | 18,848,531 | |
87,048,531 | |||
TOTAL ENERGY | 114,044,531 | ||
FINANCIALS - 21.2% | |||
Banks - 8.4% | |||
BOK Financial Corp. | 550,000 | 60,604,500 | |
Cadence Bank | 1,500,000 | 41,475,000 | |
Cullen/Frost Bankers, Inc. | 500,000 | 77,525,000 | |
First Hawaiian, Inc. | 1,500,000 | 38,370,000 | |
PacWest Bancorp | 784,800 | 19,510,128 | |
237,484,628 | |||
Capital Markets - 1.3% | |||
BrightSphere Investment Group, Inc. | 2,000,000 | 37,640,000 | |
Consumer Finance - 3.1% | |||
FirstCash Holdings, Inc. | 878,500 | 86,488,325 | |
Diversified Financial Services - 1.0% | |||
Cannae Holdings, Inc. (a) | 1,200,000 | 27,792,000 | |
Insurance - 7.4% | |||
Assurant, Inc. | 300,000 | 40,758,000 | |
Enstar Group Ltd. (a) | 333,300 | 66,833,316 | |
First American Financial Corp. | 1,400,000 | 70,560,000 | |
Primerica, Inc. | 207,847 | 30,075,461 | |
208,226,777 | |||
TOTAL FINANCIALS | 597,631,730 | ||
HEALTH CARE - 11.5% | |||
Biotechnology - 2.4% | |||
Blueprint Medicines Corp. (a) | 222,000 | 11,508,480 | |
Cerevel Therapeutics Holdings (a) | 493,500 | 13,798,260 | |
Erasca, Inc. (a)(b) | 1,164,900 | 9,517,233 | |
Exelixis, Inc. (a) | 897,800 | 14,885,524 | |
Instil Bio, Inc. (a) | 988,900 | 3,263,370 | |
Keros Therapeutics, Inc. (a) | 100,000 | 5,034,000 | |
Mirati Therapeutics, Inc. (a) | 148,700 | 10,010,484 | |
68,017,351 | |||
Health Care Equipment & Supplies - 1.9% | |||
Envista Holdings Corp. (a)(b) | 1,500,000 | 49,515,000 | |
Utah Medical Products, Inc. | 50,000 | 4,477,500 | |
53,992,500 | |||
Health Care Providers & Services - 4.1% | |||
AdaptHealth Corp. (a) | 1,000,000 | 22,800,000 | |
Owens & Minor, Inc. | 2,000,000 | 34,000,000 | |
Premier, Inc. | 800,000 | 27,904,000 | |
R1 Rcm, Inc. (a) | 1,750,000 | 30,905,000 | |
115,609,000 | |||
Life Sciences Tools & Services - 2.2% | |||
Syneos Health, Inc. (a) | 1,250,000 | 62,975,000 | |
Pharmaceuticals - 0.9% | |||
Arvinas Holding Co. LLC (a) | 206,400 | 10,260,144 | |
Prestige Brands Holdings, Inc. (a) | 250,000 | 13,620,000 | |
23,880,144 | |||
TOTAL HEALTH CARE | 324,473,995 | ||
INDUSTRIALS - 16.1% | |||
Aerospace & Defense - 0.3% | |||
Rheinmetall AG | 50,000 | 8,128,356 | |
Commercial Services & Supplies - 1.6% | |||
Cimpress PLC (a) | 800,000 | 18,624,000 | |
The Brink's Co. | 450,000 | 26,833,500 | |
45,457,500 | |||
Professional Services - 6.6% | |||
ASGN, Inc. (a) | 600,000 | 50,868,000 | |
BGSF, Inc. (b) | 6,216 | 78,135 | |
Insperity, Inc. | 500,000 | 59,010,000 | |
Kforce, Inc. | 750,000 | 47,452,500 | |
Persol Holdings Co. Ltd. | 1,500,000 | 30,122,062 | |
187,530,697 | |||
Road & Rail - 2.7% | |||
TFI International, Inc. | 425,000 | 38,687,750 | |
TFI International, Inc. (Canada) | 400,000 | 36,410,614 | |
75,098,364 | |||
Trading Companies & Distributors - 4.9% | |||
Beacon Roofing Supply, Inc. (a) | 1,300,000 | 73,255,000 | |
Univar Solutions, Inc. (a) | 2,500,000 | 63,700,000 | |
136,955,000 | |||
TOTAL INDUSTRIALS | 453,169,917 | ||
INFORMATION TECHNOLOGY - 12.6% | |||
Electronic Equipment & Components - 5.2% | |||
Insight Enterprises, Inc. (a) | 1,000,000 | 94,509,999 | |
TD SYNNEX Corp. | 233,000 | 21,321,830 | |
TTM Technologies, Inc. (a) | 2,000,000 | 30,620,000 | |
146,451,829 | |||
IT Services - 4.8% | |||
Concentrix Corp. | 640,900 | 78,337,207 | |
Genpact Ltd. | 1,000,000 | 48,500,000 | |
Tucows, Inc. (a)(b) | 200,000 | 8,990,000 | |
135,827,207 | |||
Semiconductors & Semiconductor Equipment - 2.4% | |||
Cirrus Logic, Inc. (a) | 437,600 | 29,371,712 | |
Ichor Holdings Ltd. (a)(c) | 1,500,000 | 38,160,000 | |
67,531,712 | |||
Software - 0.2% | |||
Consensus Cloud Solutions, Inc. (a) | 99,999 | 5,613,944 | |
TOTAL INFORMATION TECHNOLOGY | 355,424,692 | ||
MATERIALS - 5.4% | |||
Chemicals - 3.1% | |||
Valvoline, Inc. | 3,000,000 | 88,080,000 | |
Construction Materials - 2.0% | |||
Eagle Materials, Inc. | 50,000 | 6,115,500 | |
RHI Magnesita NV | 845,545 | 17,958,307 | |
Wienerberger AG | 1,400,000 | 32,015,347 | |
56,089,154 | |||
Metals & Mining - 0.3% | |||
ERO Copper Corp. (a) | 750,000 | 8,538,555 | |
TOTAL MATERIALS | 152,707,709 | ||
REAL ESTATE - 6.5% | |||
Equity Real Estate Investment Trusts (REITs) - 2.4% | |||
Corporate Office Properties Trust (SBI) | 500,000 | 13,325,000 | |
Douglas Emmett, Inc. | 2,500,000 | 43,975,000 | |
iStar Financial, Inc. | 1,000,000 | 10,480,000 | |
67,780,000 | |||
Real Estate Management & Development - 4.1% | |||
Cushman & Wakefield PLC (a) | 3,900,000 | 45,045,000 | |
Jones Lang LaSalle, Inc. (a) | 450,000 | 71,590,500 | |
116,635,500 | |||
TOTAL REAL ESTATE | 184,415,500 | ||
UTILITIES - 1.8% | |||
Gas Utilities - 1.8% | |||
Brookfield Infrastructure Corp. A Shares (b) | 1,200,000 | 51,744,000 | |
TOTAL COMMON STOCKS (Cost $2,588,264,609) | 2,805,825,692 | ||
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 3.10% (d) | 16,808,151 | 16,811,513 | |
Fidelity Securities Lending Cash Central Fund 3.10% (d)(e) | 64,929,308 | 64,935,801 | |
TOTAL MONEY MARKET FUNDS (Cost $81,747,314) | 81,747,314 | ||
TOTAL INVESTMENT IN SECURITIES - 102.3% (Cost $2,670,011,923) | 2,887,573,006 |
NET OTHER ASSETS (LIABILITIES) - (2.3)% | (65,619,443) |
NET ASSETS - 100.0% | 2,821,953,563 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated company |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 3.10% | 30,509,097 | 231,271,433 | 244,969,017 | 230,184 | - | - | 16,811,513 | 0.0% |
Fidelity Securities Lending Cash Central Fund 3.10% | 72,558,544 | 258,482,671 | 266,105,414 | 47,923 | - | - | 64,935,801 | 0.2% |
Total | 103,067,641 | 489,754,104 | 511,074,431 | 278,107 | - | - | 81,747,314 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Emerald Holding, Inc. | 10,087,500 | - | 2,091,577 | - | (9,620,395) | 12,222,292 | - |
Ichor Holdings Ltd. | 34,932,000 | 8,367,773 | - | - | - | (5,139,773) | 38,160,000 |
ShawCor Ltd. Class A | 13,240,961 | 1,301,262 | - | - | - | 12,453,777 | 26,996,000 |
Total | 58,260,461 | 9,669,035 | 2,091,577 | - | (9,620,395) | 19,536,296 | 65,156,000 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 140,659,380 | 140,659,380 | - | - |
Consumer Discretionary | 376,912,238 | 376,912,238 | - | - |
Consumer Staples | 54,642,000 | 54,642,000 | - | - |
Energy | 114,044,531 | 114,044,531 | - | - |
Financials | 597,631,730 | 597,631,730 | - | - |
Health Care | 324,473,995 | 324,473,995 | - | - |
Industrials | 453,169,917 | 453,169,917 | - | - |
Information Technology | 355,424,692 | 355,424,692 | - | - |
Materials | 152,707,709 | 152,707,709 | - | - |
Real Estate | 184,415,500 | 184,415,500 | - | - |
Utilities | 51,744,000 | 51,744,000 | - | - |
Money Market Funds | 81,747,314 | 81,747,314 | - | - |
Total Investments in Securities: | 2,887,573,006 | 2,887,573,006 | - | - |
Statement of Assets and Liabilities | ||||
October 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $63,118,233) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,480,082,593) | $2,740,669,692 | |||
Fidelity Central Funds (cost $81,747,314) | 81,747,314 | |||
Other affiliated issuers (cost $108,182,016) | 65,156,000 | |||
Total Investment in Securities (cost $2,670,011,923) | $ | 2,887,573,006 | ||
Receivable for investments sold | 531,686 | |||
Receivable for fund shares sold | 994,644 | |||
Dividends receivable | 1,735,459 | |||
Distributions receivable from Fidelity Central Funds | 25,398 | |||
Prepaid expenses | 4,607 | |||
Other receivables | 23,838 | |||
Total assets | 2,890,888,638 | |||
Liabilities | ||||
Payable to custodian bank | $23,836 | |||
Payable for investments purchased | 590,870 | |||
Payable for fund shares redeemed | 1,214,783 | |||
Accrued management fee | 1,672,283 | |||
Other affiliated payables | 462,177 | |||
Other payables and accrued expenses | 38,723 | |||
Collateral on securities loaned | 64,932,403 | |||
Total Liabilities | 68,935,075 | |||
Net Assets | $ | 2,821,953,563 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,519,101,283 | ||
Total accumulated earnings (loss) | 302,852,280 | |||
Net Assets | $ | 2,821,953,563 | ||
Net Asset Value , offering price and redemption price per share ($2,821,953,563 ÷ 121,165,759 shares) | $ | 23.29 | ||
Statement of Operations | ||||
Six months ended October 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 19,071,662 | ||
Income from Fidelity Central Funds (including $47,923 from security lending) | 278,107 | |||
Total Income | 19,349,769 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 10,053,596 | ||
Performance adjustment | 2,004,499 | |||
Transfer agent fees | 2,456,494 | |||
Accounting fees | 393,960 | |||
Custodian fees and expenses | 17,405 | |||
Independent trustees' fees and expenses | 5,210 | |||
Registration fees | 36,089 | |||
Audit | 27,375 | |||
Legal | 1,428 | |||
Interest | 2,309 | |||
Miscellaneous | 7,822 | |||
Total expenses before reductions | 15,006,187 | |||
Expense reductions | (53,500) | |||
Total expenses after reductions | 14,952,687 | |||
Net Investment income (loss) | 4,397,082 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 94,800,710 | |||
Affiliated issuers | (9,620,395) | |||
Foreign currency transactions | (158,404) | |||
Total net realized gain (loss) | 85,021,911 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (324,694,250) | |||
Affiliated issuers | 19,536,296 | |||
Assets and liabilities in foreign currencies | (1,038) | |||
Total change in net unrealized appreciation (depreciation) | (305,158,992) | |||
Net gain (loss) | (220,137,081) | |||
Net increase (decrease) in net assets resulting from operations | $ | (215,739,999) |
Statement of Changes in Net Assets | ||||
Six months ended October 31, 2022 (Unaudited) | Year ended April 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,397,082 | $ | 254,569 |
Net realized gain (loss) | 85,021,911 | 346,581,483 | ||
Change in net unrealized appreciation (depreciation) | (305,158,992) | (453,016,852) | ||
Net increase (decrease) in net assets resulting from operations | (215,739,999) | (106,180,800) | ||
Distributions to shareholders | (226,942,900) | (204,471,823) | ||
Share transactions | ||||
Proceeds from sales of shares | 92,877,394 | 626,285,083 | ||
Reinvestment of distributions | 211,536,085 | 188,581,982 | ||
Cost of shares redeemed | (263,192,090) | (451,388,087) | ||
Net increase (decrease) in net assets resulting from share transactions | 41,221,389 | 363,478,978 | ||
Total increase (decrease) in net assets | (401,461,510) | 52,826,355 | ||
Net Assets | ||||
Beginning of period | 3,223,415,073 | 3,170,588,718 | ||
End of period | $ | 2,821,953,563 | $ | 3,223,415,073 |
Other Information | ||||
Shares | ||||
Sold | 3,841,286 | 21,382,243 | ||
Issued in reinvestment of distributions | 8,906,782 | 6,434,049 | ||
Redeemed | (11,268,846) | (15,421,417) | ||
Net increase (decrease) | 1,479,222 | 12,394,875 | ||
Fidelity® Small Cap Discovery Fund |
Six months ended (Unaudited) October 31, 2022 | Years ended April 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.93 | $ | 29.55 | $ | 17.11 | $ | 23.60 | $ | 29.61 | $ | 32.05 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | - C | .08 | .18 | .32 D | .19 | ||||||
Net realized and unrealized gain (loss) | (1.77) | (.74) | 13.03 | (4.94) | .68 | 1.53 | ||||||
Total from investment operations | (1.73) | (.74) | 13.11 | (4.76) | 1.00 | 1.72 | ||||||
Distributions from net investment income | - | (.03) | (.07) E | (.19) | (.22) | (.19) | ||||||
Distributions from net realized gain | (1.91) | (1.85) | (.60) E | (1.54) | (6.78) | (3.97) | ||||||
Total distributions | (1.91) | (1.88) | (.67) | (1.73) | (7.01) F | (4.16) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 23.29 | $ | 26.93 | $ | 29.55 | $ | 17.11 | $ | 23.60 | $ | 29.61 |
Total Return G,H | (6.55)% | (2.94)% | 77.54% | (21.89)% | 4.96% | 5.46% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.01% K | .98% | .62% | .61% | .61% | .69% | ||||||
Expenses net of fee waivers, if any | 1.01% K | .97% | .62% | .61% | .61% | .69% | ||||||
Expenses net of all reductions | 1.01% K | .97% | .61% | .61% | .60% | .68% | ||||||
Net investment income (loss) | .30% K | .01% | .33% | .81% | 1.29% D | .61% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,821,954 | $ | 3,223,415 | $ | 3,170,589 | $ | 1,880,740 | $ | 3,019,025 | $ | 4,507,452 |
Portfolio turnover rate L | 22% K | 26% | 33% | 52% | 32% | 41% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
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 | $646,888,603 |
Gross unrealized depreciation | (429,950,232) |
Net unrealized appreciation (depreciation) | $216,938,371 |
Tax cost | $2,670,634,635 |
Purchases ($) | Sales ($) | |
Fidelity Small Cap Discovery Fund | 320,145,767 | 499,918,928 |
% of Average Net Assets | |
Fidelity Small Cap Discovery Fund | .03 |
Amount | |
Fidelity Small Cap Discovery Fund | $9,263 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Small Cap Discovery Fund | Borrower | $ 8,359,667 | 3.32% | $ 2,309 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Small Cap Discovery Fund | 13,462,845 | 5,810,897 | 1,115,856 |
Amount | |
Fidelity Small Cap Discovery Fund | $ 2,729 |
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 Small Cap Discovery Fund | $5,050 | $- | $- |
Strategic Advisers Fidelity U.S. Total Stock Fund | |
Fidelity Small Cap Discovery Fund | 20% |
Fund | % of shares held |
Fidelity Small Cap Discovery Fund | 20% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2022 | Ending Account Value October 31, 2022 | Expenses Paid During Period- C May 1, 2022 to October 31, 2022 | |||||||
Fidelity® Small Cap Discovery Fund | 1.01% | |||||||||
Actual | $ 1,000 | $ 934.50 | $ 4.92 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.11 | $ 5.14 | |||||||
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Concord Street Trust ’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Concord Street Trust ’s (the “Trust ”) disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust ’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust ’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Concord Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | December 21, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | December 21, 2022 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | December 21, 2022 |