Fidelity International Capital Appreciation Fund (a)
3,520,195
81,210,900
Fidelity International Discovery Fund (a)
2,438,427
99,365,904
Fidelity International Enhanced Index Fund (a)
10,422,728
105,061,102
Fidelity International Small Cap Fund (a)
1,610,266
46,150,229
Fidelity International Small Cap Opportunities Fund (a)
2,874,965
51,519,371
Fidelity International Value Fund (a)
7,413,703
67,835,385
Fidelity Japan Smaller Companies Fund (a)
2,911,911
42,106,237
Fidelity Large Cap Value Enhanced Index Fund (a)
3,535,008
51,399,017
Fidelity Low-Priced Stock Fund (a)
3,306,235
136,778,923
Fidelity Overseas Fund (a)
7,491,858
403,586,372
Fidelity Real Estate Investment Portfolio (a)
840,731
28,189,717
Fidelity U.S. Low Volatility Equity Fund (a)
7,303,496
73,984,416
Fidelity Value Discovery Fund (a)
1,826,667
61,083,750
VIP Stock Selector All Cap Portfolio Investor Class (a)
188,470,561
1,730,159,750
TOTAL EQUITY FUNDS
(Cost $3,701,450,865)
3,755,913,569
Fixed-Income Funds - 35.2%
Shares
Value ($)
Fidelity Floating Rate High Income Fund (a)
6,947,274
64,262,286
Fidelity High Income Fund (a)
4,234,251
30,910,030
Fidelity Inflation-Protected Bond Index Fund (a)
9,945,350
89,010,884
Fidelity Long-Term Treasury Bond Index Fund (a)
7,359,805
67,047,826
Fidelity New Markets Income Fund (a)
1,281,535
14,442,897
Fidelity Total Bond Fund (a)
101,560,484
922,169,193
VIP Investment Grade Bond II Portfolio Investor Class (a)
99,417,239
915,632,774
TOTAL FIXED-INCOME FUNDS
(Cost $2,244,002,361)
2,103,475,890
Money Market Funds - 1.7%
Shares
Value ($)
Fidelity Cash Central Fund 5.39% (b)
(Cost $99,827,340)
99,807,378
99,827,340
U.S. Treasury Obligations - 0.2%
Principal
Amount (c)
Value ($)
U.S. Treasury Bills, yield at date of purchase 5.33% to 5.39% 10/26/23 to 12/21/23 (d)
(Cost $14,631,849)
14,750,000
14,633,963
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $6,059,912,415)
5,973,850,762
NET OTHER ASSETS (LIABILITIES) - 0.0%
(37,316)
NET ASSETS - 100.0%
5,973,813,446
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
1,026
Dec 2023
104,728,950
(3,582,618)
(3,582,618)
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
1,080
Dec 2023
233,577,000
5,466,468
5,466,468
ICE MSCI Emerging Markets Index Contracts (United States)
924
Dec 2023
44,144,100
1,469,906
1,469,906
TOTAL SOLD
6,936,374
TOTAL FUTURES CONTRACTS
3,353,756
The notional amount of futures purchased as a percentage of Net Assets is 1.8%
The notional amount of futures sold as a percentage of Net Assets is 4.6%
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)
Amount is stated in United States dollars unless otherwise noted.
(d)
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 $14,633,963.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
23,270,110
316,063,185
239,505,955
1,601,444
-
-
99,827,340
0.2%
Total
23,270,110
316,063,185
239,505,955
1,601,444
-
-
99,827,340
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
42,045,692
5,378,227
3,530,300
-
(79,631)
1,912,329
45,726,317
Fidelity Commodity Strategy Fund
34,874,076
725,412
13,983,131
417,092
(8,494,427)
6,682,718
19,804,648
Fidelity Contrafund
51,837,667
3,112,890
6,755,900
778,801
45,559
11,405,666
59,645,882
Fidelity Emerging Markets Discovery Fund
43,365,633
3,554,671
2,311,379
-
(36,118)
4,552,288
49,125,095
Fidelity Emerging Markets Fund
310,103,807
78,729,903
20,720,122
-
(33,785)
18,413,617
386,493,420
Fidelity Equity-Income Fund
132,722,232
7,164,271
16,542,504
1,188,344
344,120
582,710
124,270,829
Fidelity Floating Rate High Income Fund
147,661,871
11,446,919
98,251,376
5,944,448
(2,993,429)
6,398,301
64,262,286
Fidelity Global Commodity Stock Fund
106,092,672
3,631,551
94,623,760
-
35,320,461
(39,831,073)
10,589,851
Fidelity Gold Portfolio
-
76,811,778
66,896,632
360,285
(9,915,146)
-
-
Fidelity Hedged Equity Fund
14,700,174
61,565,341
-
9,275
-
100,157
76,365,672
Fidelity High Income Fund
44,809,789
4,009,945
18,189,142
1,643,632
(841,153)
1,120,591
30,910,030
Fidelity Inflation-Protected Bond Index Fund
108,830,605
16,946,211
36,574,398
85,595
(2,066,231)
1,874,697
89,010,884
Fidelity Infrastructure Fund
-
6,174,153
274,886
64,591
(1,644)
(436,841)
5,460,782
Fidelity International Capital Appreciation Fund
70,545,333
8,876,197
5,626,736
-
22,980
7,393,126
81,210,900
Fidelity International Discovery Fund
92,816,122
11,474,226
7,369,934
-
(366,591)
2,812,081
99,365,904
Fidelity International Enhanced Index Fund
93,691,610
10,730,511
6,547,511
-
(245,387)
7,431,879
105,061,102
Fidelity International Small Cap Fund
41,324,509
4,749,214
2,896,151
-
41,846
2,930,811
46,150,229
Fidelity International Small Cap Opportunities Fund
47,311,853
3,978,111
-
-
-
229,407
51,519,371
Fidelity International Value Fund
59,869,481
6,445,475
3,828,874
-
26,438
5,322,865
67,835,385
Fidelity Japan Smaller Companies Fund
39,223,445
-
-
-
-
2,882,792
42,106,237
Fidelity Large Cap Value Enhanced Index Fund
54,978,890
2,891,620
7,279,633
-
196,837
611,303
51,399,017
Fidelity Long-Term Treasury Bond Index Fund
55,441,582
93,599,314
65,271,092
2,136,968
(28,924,770)
12,202,792
67,047,826
Fidelity Low-Priced Stock Fund
143,904,503
25,510,760
18,931,042
18,281,364
(1,637,914)
(12,067,384)
136,778,923
Fidelity New Markets Income Fund
14,120,986
1,429,678
801,195
560,302
(17,950)
(288,622)
14,442,897
Fidelity Overseas Fund
363,754,111
44,186,413
27,791,925
-
883,324
22,554,449
403,586,372
Fidelity Real Estate Investment Portfolio
38,623,985
3,601,341
11,131,080
1,593,637
(657,700)
(2,246,829)
28,189,717
Fidelity Total Bond Fund
822,570,426
176,338,388
50,147,195
27,915,588
(627,306)
(25,965,120)
922,169,193
Fidelity U.S. Low Volatility Equity Fund
130,016,987
6,596,635
61,152,606
190,017
2,535,228
(4,011,828)
73,984,416
Fidelity Value Discovery Fund
67,129,783
5,571,217
8,522,890
2,281,787
989,983
(4,084,343)
61,083,750
VIP Investment Grade Bond II Portfolio - Investor Class
822,788,307
152,563,802
50,145,388
351,511
(1,094,768)
(8,479,179)
915,632,774
VIP Stock Selector All Cap Portfolio Investor Class
1,660,776,208
85,576,202
224,244,337
-
(25,354,907)
233,406,584
1,730,159,750
5,655,932,339
923,370,376
930,341,119
63,803,237
(42,982,081)
253,409,944
5,859,389,459
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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