Fidelity International Capital Appreciation Fund (a)
145,534
3,357,480
Fidelity International Discovery Fund (a)
97,608
3,977,538
Fidelity International Enhanced Index Fund (a)
457,121
4,607,777
Fidelity International Small Cap Fund (a)
63,176
1,810,627
Fidelity International Small Cap Opportunities Fund (a)
131,988
2,365,224
Fidelity International Value Fund (a)
315,611
2,887,842
Fidelity Large Cap Value Enhanced Index Fund (a)
44,216
642,900
Fidelity Low-Priced Stock Fund (a)
60,818
2,516,035
Fidelity Overseas Fund (a)
306,976
16,536,791
Fidelity Real Estate Investment Portfolio (a)
104,296
3,497,042
Fidelity U.S. Low Volatility Equity Fund (a)
849,413
8,604,550
Fidelity Value Discovery Fund (a)
34,634
1,158,164
VIP Stock Selector All Cap Portfolio Investor Class (a)
10,226,792
93,881,949
TOTAL EQUITY FUNDS
(Cost $184,993,471)
183,821,514
Fixed-Income Funds - 51.3%
Shares
Value ($)
Fidelity Floating Rate High Income Fund (a)
1,060,558
9,810,163
Fidelity High Income Fund (a)
513,991
3,752,133
Fidelity Inflation-Protected Bond Index Fund (a)
608,045
5,442,001
Fidelity Long-Term Treasury Bond Index Fund (a)
468,237
4,265,640
Fidelity New Markets Income Fund (a)
123,356
1,390,222
Fidelity Total Bond Fund (a)
19,511,549
177,164,864
VIP Investment Grade Bond II Portfolio Investor Class (a)
19,095,357
175,868,240
TOTAL FIXED-INCOME FUNDS
(Cost $404,885,892)
377,693,263
Money Market Funds - 23.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.39% (b)
26,319,467
26,324,731
Fidelity Investments Money Market Government Portfolio Institutional Class 5.27% (a)(c)
145,434,190
145,434,190
TOTAL MONEY MARKET FUNDS
(Cost $171,758,921)
171,758,921
U.S. Treasury Obligations - 0.3%
Principal
Amount (d)
Value ($)
U.S. Treasury Bills, yield at date of purchase 5.33% to 5.39% 10/26/23 to 12/21/23 (e)
(Cost $2,447,394)
2,470,000
2,447,738
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $764,085,678)
735,721,436
NET OTHER ASSETS (LIABILITIES) - 0.0%
129,640
NET ASSETS - 100.0%
735,851,076
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
48
Dec 2023
4,899,600
(167,608)
(167,608)
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
205
Dec 2023
44,336,375
1,277,242
1,277,242
ICE MSCI Emerging Markets Index Contracts (United States)
93
Dec 2023
4,443,075
147,945
147,945
TOTAL SOLD
1,425,187
TOTAL FUTURES CONTRACTS
1,257,579
The notional amount of futures purchased as a percentage of Net Assets is 0.7%
The notional amount of futures sold as a percentage of Net Assets is 6.6%
Legend
(a)
Affiliated Fund
(b)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(c)
The rate quoted is the annualized seven-day yield of the fund at period end.
(d)
Amount is stated in United States dollars unless otherwise noted.
(e)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $2,447,738.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.39%
4,033,248
62,129,005
39,837,522
469,257
-
-
26,324,731
0.1%
Total
4,033,248
62,129,005
39,837,522
469,257
-
-
26,324,731
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur. If an Underlying Funds changes its name, the name presented below is the name in effect at period end.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
Fidelity Canada Fund
1,378,388
379,065
353,274
-
(12,157)
82,647
1,474,669
Fidelity Commodity Strategy Fund
3,435,327
50,485
1,151,263
46,318
(362,591)
205,105
2,177,063
Fidelity Contrafund
1,445,287
24,806
382,508
21,089
14,282
271,668
1,373,535
Fidelity Emerging Markets Discovery Fund
6,739,780
21,084
252,178
-
(28,948)
719,453
7,199,191
Fidelity Emerging Markets Fund
12,284,109
2,202,253
2,246,444
-
(269,903)
1,084,447
13,054,462
Fidelity Equity-Income Fund
3,191,190
31,871
940,749
23,549
101,117
(73,204)
2,310,225
Fidelity Floating Rate High Income Fund
23,455,231
1,087,831
15,269,457
920,486
(466,925)
1,003,483
9,810,163
Fidelity Global Commodity Stock Fund
10,302,333
74,515
9,854,837
-
2,903,261
(3,425,272)
-
Fidelity Gold Portfolio
-
10,467,479
9,155,238
49,095
(1,312,241)
-
-
Fidelity Hedged Equity Fund
2,105,509
7,533,844
-
1,328
-
34,197
9,673,550
Fidelity High Income Fund
6,064,330
270,878
2,625,734
211,945
(98,503)
141,162
3,752,133
Fidelity Inflation-Protected Bond Index Fund
9,793,899
653,611
5,065,371
6,557
(268,515)
328,377
5,442,001
Fidelity Infrastructure Fund
-
833,944
61,022
8,790
(744)
(57,278)
714,900
Fidelity International Capital Appreciation Fund
2,795,765
799,344
562,225
-
23,895
300,701
3,357,480
Fidelity International Discovery Fund
3,601,493
994,147
735,295
-
(75,107)
192,300
3,977,538
Fidelity International Enhanced Index Fund
3,858,739
1,078,552
653,425
-
(27,676)
351,587
4,607,777
Fidelity International Small Cap Fund
1,547,864
435,211
290,420
-
6,746
111,226
1,810,627
Fidelity International Small Cap Opportunities Fund
2,314,879
29,748
-
-
-
20,597
2,365,224
Fidelity International Value Fund
2,383,180
662,075
383,139
-
2,789
222,937
2,887,842
Fidelity Investments Money Market Government Portfolio Institutional Class 5.27%
166,262,113
7,235,954
28,063,877
5,590,139
-
-
145,434,190
Fidelity Large Cap Value Enhanced Index Fund
876,309
4,627
251,001
-
26,476
(13,511)
642,900
Fidelity Long-Term Treasury Bond Index Fund
3,890,763
10,419,556
8,445,422
182,678
(2,315,634)
716,377
4,265,640
Fidelity Low-Priced Stock Fund
3,914,990
349,410
1,528,822
338,985
64,767
(284,310)
2,516,035
Fidelity New Markets Income Fund
1,591,971
79,698
252,723
58,668
(54,513)
25,789
1,390,222
Fidelity Overseas Fund
14,257,471
4,015,237
2,775,151
-
113,791
925,443
16,536,791
Fidelity Real Estate Investment Portfolio
5,971,621
254,141
2,392,235
200,675
(112,937)
(223,548)
3,497,042
Fidelity Total Bond Fund
188,763,112
19,720,121
26,575,307
5,876,059
(724,098)
(4,018,964)
177,164,864
Fidelity U.S. Low Volatility Equity Fund
18,318,297
177,393
9,709,194
24,383
(180,038)
(1,908)
8,604,550
Fidelity Value Discovery Fund
1,571,764
48,697
401,290
43,597
65,342
(126,349)
1,158,164
VIP Investment Grade Bond II Portfolio - Investor Class
188,816,281
14,140,280
25,984,620
80,222
(961,737)
(141,964)
175,868,240
VIP Stock Selector All Cap Portfolio Investor Class
114,102,757
669,512
34,113,358
-
(4,755,976)
17,979,014
93,881,949
805,034,752
84,745,369
190,475,579
13,684,563
(8,705,777)
16,350,202
706,948,967
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
The Fund used futures contracts to manage its exposure to the stock market.
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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