U.S. Treasury Bills, yield at date of purchase 5.27% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $58,202,803)
58,460,000
58,212,783
Domestic Equity Funds - 31.5%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
34,564,022
372,254,512
Fidelity Series Blue Chip Growth Fund (c)
65,699,133
1,026,220,450
Fidelity Series Commodity Strategy Fund (c)
2,308,008
213,790,749
Fidelity Series Growth Company Fund (c)
98,397,884
1,915,806,799
Fidelity Series Intrinsic Opportunities Fund (c)
35,241,156
381,661,715
Fidelity Series Large Cap Stock Fund (c)
92,308,394
1,803,706,024
Fidelity Series Large Cap Value Index Fund (c)
38,324,536
564,137,175
Fidelity Series Opportunistic Insights Fund (c)
60,578,284
1,142,506,442
Fidelity Series Small Cap Core Fund (c)
272,261
3,062,938
Fidelity Series Small Cap Discovery Fund (c)
13,955,201
162,996,742
Fidelity Series Small Cap Opportunities Fund (c)
40,106,075
557,474,447
Fidelity Series Stock Selector Large Cap Value Fund (c)
96,428,619
1,259,357,766
Fidelity Series Value Discovery Fund (c)
75,744,708
1,127,081,250
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,545,026,220)
10,530,057,009
International Equity Funds - 29.7%
Shares
Value ($)
Fidelity Series Canada Fund (c)
43,145,021
633,800,353
Fidelity Series Emerging Markets Fund (c)
80,480,377
680,863,988
Fidelity Series Emerging Markets Opportunities Fund (c)
158,986,310
2,755,232,747
Fidelity Series International Growth Fund (c)
103,437,865
1,771,890,632
Fidelity Series International Small Cap Fund (c)
30,601,952
519,009,102
Fidelity Series International Value Fund (c)
151,931,466
1,773,040,203
Fidelity Series Overseas Fund (c)
136,520,889
1,770,675,932
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $7,929,074,253)
9,904,512,957
Bond Funds - 37.1%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
198,182,473
1,518,077,744
Fidelity Series Emerging Markets Debt Fund (c)
22,017,657
170,636,842
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
5,954,818
55,796,642
Fidelity Series Floating Rate High Income Fund (c)
3,390,920
30,620,012
Fidelity Series High Income Fund (c)
20,167,263
169,606,685
Fidelity Series International Credit Fund (c)
1,960,420
15,644,154
Fidelity Series International Developed Markets Bond Index Fund (c)
143,311,797
1,252,545,107
Fidelity Series Investment Grade Bond Fund (c)
731,559,779
7,388,753,771
Fidelity Series Long-Term Treasury Bond Index Fund (c)
298,091,620
1,746,816,891
Fidelity Series Real Estate Income Fund (c)
3,455,139
32,789,273
TOTAL BOND FUNDS
(Cost $14,158,382,059)
12,381,287,121
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
81,301,419
81,317,679
Fidelity Series Government Money Market Fund 5.43% (c)(e)
413,316,951
413,316,951
Fidelity Series Short-Term Credit Fund (c)
50,393
496,371
TOTAL SHORT-TERM FUNDS
(Cost $495,116,413)
495,131,001
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $30,185,801,748)
33,369,200,871
NET OTHER ASSETS (LIABILITIES) - 0.0%
507,325
NET ASSETS - 100.0%
33,369,708,196
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
6,675
Mar 2024
753,544,922
24,036,408
24,036,408
CBOT 5-Year U.S. Treasury Note Contracts (United States)
10,631
Mar 2024
1,156,370,414
25,185,059
25,185,059
CBOT Long Term U.S. Treasury Bond Contracts (United States)
1,338
Mar 2024
167,166,375
12,155,118
12,155,118
TOTAL PURCHASED
61,376,585
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
1,165
Mar 2024
280,765,000
(9,321,526)
(9,321,526)
ICE MSCI EAFE Index Contracts (United States)
449
Mar 2024
50,566,380
(406,484)
(406,484)
ICE MSCI Emerging Markets Index Contracts (United States)
5,336
Mar 2024
275,791,160
(12,214,139)
(12,214,139)
TOTAL SOLD
(21,942,149)
TOTAL FUTURES CONTRACTS
39,434,436
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 1.8%
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 $58,212,783.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
55,936,484
582,995,926
557,614,731
2,131,681
521
(521)
81,317,679
0.2%
Total
55,936,484
582,995,926
557,614,731
2,131,681
521
(521)
81,317,679
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
1,278,030,930
388,313,420
79,577,600
48,097,317
(1,191,027)
(67,497,979)
1,518,077,744
Fidelity Series All-Sector Equity Fund
364,361,816
25,185,818
66,089,895
17,393,308
(1,535,463)
50,332,236
372,254,512
Fidelity Series Blue Chip Growth Fund
1,003,499,572
47,591,335
298,563,935
5,724,891
34,503,034
239,190,444
1,026,220,450
Fidelity Series Canada Fund
644,411,360
62,013,164
118,049,928
20,832,024
21,031,875
24,393,882
633,800,353
Fidelity Series Commodity Strategy Fund
220,229,861
38,272,628
30,144,523
9,654,003
(19,323,922)
4,756,705
213,790,749
Fidelity Series Emerging Markets Debt Fund
161,310,183
11,586,014
11,026,894
7,850,965
(294,415)
9,061,954
170,636,842
Fidelity Series Emerging Markets Debt Local Currency Fund
54,777,484
3,914,977
4,354,982
2,744,118
(353,407)
1,812,570
55,796,642
Fidelity Series Emerging Markets Fund
417,108,713
254,774,840
16,777,761
16,085,691
1,246,161
24,512,035
680,863,988
Fidelity Series Emerging Markets Opportunities Fund
2,899,915,943
110,965,455
405,870,797
76,187,276
(26,508,537)
176,730,683
2,755,232,747
Fidelity Series Floating Rate High Income Fund
30,433,120
2,973,567
3,329,128
2,284,461
(96,970)
639,423
30,620,012
Fidelity Series Government Money Market Fund 5.43%
322,923,734
175,167,489
84,774,272
14,002,138
-
-
413,316,951
Fidelity Series Growth Company Fund
1,872,115,085
141,537,464
493,488,028
59,158,378
(15,226,829)
410,869,107
1,915,806,799
Fidelity Series High Income Fund
162,456,505
12,976,545
10,474,210
8,017,983
(60,102)
4,707,947
169,606,685
Fidelity Series International Credit Fund
14,929,258
565,361
246,198
565,361
3,626
392,107
15,644,154
Fidelity Series International Developed Markets Bond Index Fund
1,221,277,452
141,882,738
116,515,642
47,035,699
(7,275,129)
13,175,688
1,252,545,107
Fidelity Series International Growth Fund
1,702,752,619
126,044,297
199,474,084
22,636,169
9,002,174
133,565,626
1,771,890,632
Fidelity Series International Small Cap Fund
465,630,480
68,118,466
49,105,599
17,331,351
(4,125,550)
38,491,305
519,009,102
Fidelity Series International Value Fund
1,697,518,654
142,566,636
230,666,931
56,375,548
21,297,571
142,324,273
1,773,040,203
Fidelity Series Intrinsic Opportunities Fund
370,452,388
99,192,114
67,400,240
79,684,293
3,736,493
(24,319,040)
381,661,715
Fidelity Series Investment Grade Bond Fund
6,869,916,480
1,070,077,722
561,544,750
215,851,367
(4,218,267)
14,522,586
7,388,753,771
Fidelity Series Large Cap Stock Fund
1,757,994,022
145,495,309
283,405,041
93,825,353
31,236,645
152,385,089
1,803,706,024
Fidelity Series Large Cap Value Index Fund
550,846,719
51,140,841
71,619,397
22,666,842
4,701,995
29,067,017
564,137,175
Fidelity Series Long-Term Treasury Bond Index Fund
1,702,815,861
289,431,661
156,727,542
40,648,752
(21,469,756)
(67,233,333)
1,746,816,891
Fidelity Series Opportunistic Insights Fund
1,115,735,973
35,469,144
221,937,245
11,658,901
(11,571)
213,250,141
1,142,506,442
Fidelity Series Overseas Fund
1,701,106,647
114,726,522
181,426,846
28,796,240
16,783,214
119,486,395
1,770,675,932
Fidelity Series Real Estate Income Fund
54,817,496
3,278,152
25,472,250
2,357,464
(1,114,403)
1,280,278
32,789,273
Fidelity Series Short-Term Credit Fund
450,464
43,936
7,985
10,684
196
9,760
496,371
Fidelity Series Small Cap Core Fund
-
3,167,610
552,701
52,462
53,250
394,779
3,062,938
Fidelity Series Small Cap Discovery Fund
160,438,407
17,289,916
34,427,359
4,930,692
2,687,810
17,007,968
162,996,742
Fidelity Series Small Cap Opportunities Fund
539,282,723
44,939,445
100,551,793
5,645,459
10,017,546
63,786,526
557,474,447
Fidelity Series Stock Selector Large Cap Value Fund
1,227,525,438
105,065,081
176,864,399
57,574,501
11,058,380
92,573,266
1,259,357,766
Fidelity Series Value Discovery Fund
1,095,318,166
125,528,458
132,638,686
51,990,191
5,367,696
33,505,616
1,127,081,250
31,680,383,553
3,859,296,125
4,233,106,641
1,047,669,882
69,922,318
1,853,175,054
33,229,670,409
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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