U.S. Treasury Bills, yield at date of purchase 5.29% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $2,030,700)
2,040,000
2,031,058
Domestic Equity Funds - 49.6%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
1,962,247
21,133,398
Fidelity Series Blue Chip Growth Fund (c)
3,753,917
58,636,183
Fidelity Series Commodity Strategy Fund (c)
84,364
7,814,638
Fidelity Series Growth Company Fund (c)
5,622,176
109,463,775
Fidelity Series Intrinsic Opportunities Fund (c)
2,013,616
21,807,458
Fidelity Series Large Cap Stock Fund (c)
5,265,810
102,893,937
Fidelity Series Large Cap Value Index Fund (c)
2,189,703
32,232,429
Fidelity Series Opportunistic Insights Fund (c)
3,430,033
64,690,425
Fidelity Series Small Cap Core Fund (c)
15,503
174,409
Fidelity Series Small Cap Discovery Fund (c)
797,401
9,313,646
Fidelity Series Small Cap Opportunities Fund (c)
2,384,564
33,145,445
Fidelity Series Stock Selector Large Cap Value Fund (c)
5,509,503
71,954,113
Fidelity Series Value Discovery Fund (c)
4,288,197
63,808,376
TOTAL DOMESTIC EQUITY FUNDS
(Cost $558,931,124)
597,068,232
International Equity Funds - 41.6%
Shares
Value ($)
Fidelity Series Canada Fund (c)
2,290,729
33,650,816
Fidelity Series Emerging Markets Fund (c)
3,859,805
32,653,955
Fidelity Series Emerging Markets Opportunities Fund (c)
7,544,234
130,741,586
Fidelity Series International Growth Fund (c)
5,552,875
95,120,756
Fidelity Series International Small Cap Fund (c)
1,109,834
18,822,788
Fidelity Series International Value Fund (c)
8,124,400
94,811,753
Fidelity Series Overseas Fund (c)
7,298,284
94,658,747
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $481,919,114)
500,460,401
Bond Funds - 7.2%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
131,506
1,007,334
Fidelity Series Emerging Markets Debt Fund (c)
771,444
5,978,693
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
208,285
1,951,630
Fidelity Series Floating Rate High Income Fund (c)
119,444
1,078,576
Fidelity Series High Income Fund (c)
723,960
6,088,504
Fidelity Series International Credit Fund (c)
4,890
39,025
Fidelity Series Investment Grade Bond Fund (c)
98,051
990,315
Fidelity Series Long-Term Treasury Bond Index Fund (c)
11,702,248
68,575,172
Fidelity Series Real Estate Income Fund (c)
123,920
1,175,999
TOTAL BOND FUNDS
(Cost $95,162,806)
86,885,248
Short-Term Funds - 1.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
2,267,224
2,267,677
Fidelity Series Government Money Market Fund 5.43% (c)(e)
14,577,381
14,577,381
Fidelity Series Short-Term Credit Fund (c)
45,312
446,326
TOTAL SHORT-TERM FUNDS
(Cost $17,279,358)
17,291,384
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,155,323,102)
1,203,736,323
NET OTHER ASSETS (LIABILITIES) - 0.0%
(46,930)
NET ASSETS - 100.0%
1,203,689,393
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
241
Mar 2024
27,206,641
840,013
840,013
CBOT 5-Year U.S. Treasury Note Contracts (United States)
383
Mar 2024
41,660,227
880,369
880,369
CBOT Long Term U.S. Treasury Bond Contracts (United States)
48
Mar 2024
5,997,000
427,447
427,447
TOTAL PURCHASED
2,147,829
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
40
Mar 2024
9,640,000
(320,052)
(320,052)
ICE MSCI EAFE Index Contracts (United States)
8
Mar 2024
900,960
(4,445)
(4,445)
ICE MSCI Emerging Markets Index Contracts (United States)
167
Mar 2024
8,631,395
(381,129)
(381,129)
TOTAL SOLD
(705,626)
TOTAL FUTURES CONTRACTS
1,442,203
The notional amount of futures purchased as a percentage of Net Assets is 6.3%
The notional amount of futures sold as a percentage of Net Assets is 1.6%
Legend
(a)
Amount is stated in United States dollars unless otherwise noted.
(b)
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 $2,031,058.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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 5.40%
882,703
18,024,562
16,639,588
53,709
-
-
2,267,677
0.0%
Total
882,703
18,024,562
16,639,588
53,709
-
-
2,267,677
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 Series 5+ Year Inflation-Protected Bond Index Fund
733,992
367,787
54,951
31,437
(211)
(39,283)
1,007,334
Fidelity Series All-Sector Equity Fund
14,168,220
6,680,170
1,979,439
954,939
42,907
2,221,540
21,133,398
Fidelity Series Blue Chip Growth Fund
39,019,659
16,905,418
10,315,789
297,678
569,636
12,457,259
58,636,183
Fidelity Series Canada Fund
23,058,548
12,174,617
3,721,578
1,075,614
397,945
1,741,284
33,650,816
Fidelity Series Commodity Strategy Fund
5,608,068
3,593,162
873,180
316,892
(11,545)
(501,867)
7,814,638
Fidelity Series Emerging Markets Debt Fund
3,943,989
2,020,020
298,016
235,535
(917)
313,617
5,978,693
Fidelity Series Emerging Markets Debt Local Currency Fund
1,342,801
664,457
99,426
92,762
7,098
36,700
1,951,630
Fidelity Series Emerging Markets Fund
16,853,770
17,551,989
2,968,595
750,656
(358,301)
1,575,092
32,653,955
Fidelity Series Emerging Markets Opportunities Fund
91,818,251
40,925,506
8,180,200
3,498,027
176,930
6,001,099
130,741,586
Fidelity Series Floating Rate High Income Fund
716,111
403,706
56,421
67,405
1,587
13,593
1,078,576
Fidelity Series Government Money Market Fund 5.43%
7,737,609
10,272,042
3,432,270
410,590
-
-
14,577,381
Fidelity Series Growth Company Fund
72,794,819
34,543,051
16,261,754
3,267,532
(162,291)
18,549,950
109,463,775
Fidelity Series High Income Fund
4,008,709
2,210,416
304,430
246,646
4,261
169,548
6,088,504
Fidelity Series International Credit Fund
37,871
1,420
1,248
1,419
13
969
39,025
Fidelity Series International Growth Fund
60,933,713
32,121,468
5,211,285
1,168,659
66,118
7,210,742
95,120,756
Fidelity Series International Small Cap Fund
16,635,081
7,303,305
5,804,071
609,500
(1,857,666)
2,546,139
18,822,788
Fidelity Series International Value Fund
60,774,628
33,763,295
7,294,628
2,912,547
574,353
6,994,105
94,811,753
Fidelity Series Intrinsic Opportunities Fund
14,716,068
10,385,677
2,343,714
4,006,710
(85,427)
(865,146)
21,807,458
Fidelity Series Investment Grade Bond Fund
238,603
773,641
46,802
18,292
(390)
25,263
990,315
Fidelity Series Large Cap Stock Fund
68,372,215
32,941,860
7,135,171
4,862,365
777,047
7,937,986
102,893,937
Fidelity Series Large Cap Value Index Fund
21,429,751
11,262,394
2,113,346
1,244,499
137,072
1,516,558
32,232,429
Fidelity Series Long-Term Treasury Bond Index Fund
45,864,811
29,048,449
4,514,680
1,349,683
(262,303)
(1,561,105)
68,575,172
Fidelity Series Opportunistic Insights Fund
43,395,952
17,825,155
6,687,659
640,143
101,847
10,055,130
64,690,425
Fidelity Series Overseas Fund
60,873,876
32,240,582
5,231,274
1,486,806
449,040
6,326,523
94,658,747
Fidelity Series Real Estate Income Fund
1,403,353
600,242
832,745
74,724
(18,011)
23,160
1,175,999
Fidelity Series Short-Term Credit Fund
408,597
43,369
14,587
9,664
346
8,601
446,326
Fidelity Series Small Cap Core Fund
-
164,399
11,708
2,703
529
21,189
174,409
Fidelity Series Small Cap Discovery Fund
6,248,121
3,306,905
1,280,693
266,680
(59,557)
1,098,870
9,313,646
Fidelity Series Small Cap Opportunities Fund
20,979,069
10,658,268
2,385,502
296,739
(87,799)
3,981,409
33,145,445
Fidelity Series Stock Selector Large Cap Value Fund
47,744,260
24,262,095
5,052,911
3,160,825
350,215
4,650,454
71,954,113
Fidelity Series Value Discovery Fund
42,604,509
23,748,670
4,236,835
2,854,421
360,156
1,331,876
63,808,376
794,465,024
418,763,535
108,744,908
36,212,092
1,112,682
93,841,255
1,199,437,588
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.
Interest Rate Risk - Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.
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.
The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.
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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