U.S. Treasury Bills, yield at date of purchase 5.27% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $8,682,549)
8,720,000
8,684,068
Domestic Equity Funds - 49.6%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
8,297,365
89,362,619
Fidelity Series Blue Chip Growth Fund (c)
15,874,017
247,952,152
Fidelity Series Commodity Strategy Fund (c)
354,355
32,823,932
Fidelity Series Growth Company Fund (c)
23,774,302
462,885,658
Fidelity Series Intrinsic Opportunities Fund (c)
8,514,847
92,215,788
Fidelity Series Large Cap Stock Fund (c)
22,268,725
435,130,879
Fidelity Series Large Cap Value Index Fund (c)
9,259,560
136,300,725
Fidelity Series Opportunistic Insights Fund (c)
14,502,665
273,520,256
Fidelity Series Small Cap Core Fund (c)
65,772
739,933
Fidelity Series Small Cap Discovery Fund (c)
3,371,883
39,383,594
Fidelity Series Small Cap Opportunities Fund (c)
10,071,875
139,999,064
Fidelity Series Stock Selector Large Cap Value Fund (c)
23,297,972
304,271,518
Fidelity Series Value Discovery Fund (c)
18,131,816
269,801,420
TOTAL DOMESTIC EQUITY FUNDS
(Cost $2,287,967,001)
2,524,387,538
International Equity Funds - 41.6%
Shares
Value ($)
Fidelity Series Canada Fund (c)
9,680,542
142,207,160
Fidelity Series Emerging Markets Fund (c)
16,321,055
138,076,123
Fidelity Series Emerging Markets Opportunities Fund (c)
31,900,431
552,834,466
Fidelity Series International Growth Fund (c)
23,481,596
402,239,737
Fidelity Series International Small Cap Fund (c)
4,681,749
79,402,465
Fidelity Series International Value Fund (c)
34,346,894
400,828,258
Fidelity Series Overseas Fund (c)
30,861,443
400,272,914
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $1,990,801,505)
2,115,861,123
Bond Funds - 7.2%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
534,514
4,094,377
Fidelity Series Emerging Markets Debt Fund (c)
3,251,167
25,196,543
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
875,554
8,203,938
Fidelity Series Floating Rate High Income Fund (c)
507,486
4,582,595
Fidelity Series High Income Fund (c)
3,049,001
25,642,098
Fidelity Series International Credit Fund (c)
30,432
242,847
Fidelity Series Investment Grade Bond Fund (c)
393,409
3,973,435
Fidelity Series Long-Term Treasury Bond Index Fund (c)
49,486,359
289,990,066
Fidelity Series Real Estate Income Fund (c)
523,876
4,971,582
TOTAL BOND FUNDS
(Cost $434,341,484)
366,897,481
Short-Term Funds - 1.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
11,072,767
11,074,982
Fidelity Series Government Money Market Fund 5.43% (c)(e)
62,493,087
62,493,087
Fidelity Series Short-Term Credit Fund (c)
85,740
844,539
TOTAL SHORT-TERM FUNDS
(Cost $74,390,232)
74,412,608
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $4,796,182,771)
5,090,242,818
NET OTHER ASSETS (LIABILITIES) - 0.0%
(35,937)
NET ASSETS - 100.0%
5,090,206,881
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
1,020
Mar 2024
115,148,438
3,603,999
3,603,999
CBOT 5-Year U.S. Treasury Note Contracts (United States)
1,624
Mar 2024
176,648,063
3,778,281
3,778,281
CBOT Long Term U.S. Treasury Bond Contracts (United States)
204
Mar 2024
25,487,250
1,845,293
1,845,293
TOTAL PURCHASED
9,227,573
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
168
Mar 2024
40,488,000
(1,344,220)
(1,344,220)
ICE MSCI EAFE Index Contracts (United States)
30
Mar 2024
3,378,600
(17,732)
(17,732)
ICE MSCI Emerging Markets Index Contracts (United States)
707
Mar 2024
36,541,295
(1,613,505)
(1,613,505)
TOTAL SOLD
(2,975,457)
TOTAL FUTURES CONTRACTS
6,252,116
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 $8,684,068.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
6,460,156
83,403,800
78,788,974
278,170
-
-
11,074,982
0.0%
Total
6,460,156
83,403,800
78,788,974
278,170
-
-
11,074,982
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
3,744,262
806,188
264,270
130,185
(673)
(191,130)
4,094,377
Fidelity Series All-Sector Equity Fund
73,315,943
15,690,215
10,251,664
4,110,562
401,615
10,206,510
89,362,619
Fidelity Series Blue Chip Growth Fund
201,918,319
37,932,580
52,159,250
1,318,442
895,760
59,364,743
247,952,152
Fidelity Series Canada Fund
119,321,128
31,149,379
17,846,858
4,629,831
2,464,325
7,119,186
142,207,160
Fidelity Series Commodity Strategy Fund
28,774,854
10,372,511
4,145,404
1,404,462
(376,777)
(1,801,252)
32,823,932
Fidelity Series Emerging Markets Debt Fund
20,340,071
4,972,252
1,423,402
1,081,487
5,583
1,302,039
25,196,543
Fidelity Series Emerging Markets Debt Local Currency Fund
6,937,721
1,546,180
483,957
397,368
26,264
177,730
8,203,938
Fidelity Series Emerging Markets Fund
76,787,005
63,031,111
7,083,302
3,229,277
310,293
5,031,016
138,076,123
Fidelity Series Emerging Markets Opportunities Fund
485,252,629
82,213,728
42,186,068
15,054,856
(15,100)
27,569,277
552,834,466
Fidelity Series Floating Rate High Income Fund
3,798,459
988,597
277,305
312,783
7,898
64,946
4,582,595
Fidelity Series Government Money Market Fund 5.43%
41,101,270
35,450,718
14,058,901
1,941,694
-
-
62,493,087
Fidelity Series Growth Company Fund
376,695,683
81,972,785
81,896,088
14,014,303
(1,118,858)
87,232,136
462,885,658
Fidelity Series High Income Fund
20,506,716
5,835,599
1,422,265
1,128,800
16,582
705,466
25,642,098
Fidelity Series International Credit Fund
235,906
8,847
8,025
8,846
102
6,017
242,847
Fidelity Series International Growth Fund
315,303,107
80,491,745
24,984,870
5,030,590
2,425,748
29,004,007
402,239,737
Fidelity Series International Small Cap Fund
86,077,784
16,295,503
25,794,498
2,618,810
(6,527,871)
9,351,547
79,402,465
Fidelity Series International Value Fund
314,476,906
87,248,135
35,185,185
12,533,358
2,973,875
31,314,527
400,828,258
Fidelity Series Intrinsic Opportunities Fund
76,100,455
32,195,795
11,525,719
18,087,827
(1,367,759)
(3,186,984)
92,215,788
Fidelity Series Investment Grade Bond Fund
992,041
3,049,158
189,401
69,964
385
121,252
3,973,435
Fidelity Series Large Cap Stock Fund
353,763,962
80,177,047
39,033,301
21,625,107
4,975,698
35,247,473
435,130,879
Fidelity Series Large Cap Value Index Fund
110,855,916
28,297,608
10,344,376
5,356,955
1,163,186
6,328,391
136,300,725
Fidelity Series Long-Term Treasury Bond Index Fund
237,347,413
84,532,492
20,477,606
6,217,201
(226,346)
(11,185,887)
289,990,066
Fidelity Series Opportunistic Insights Fund
224,522,733
37,577,878
35,534,768
2,755,507
863,510
46,090,903
273,520,256
Fidelity Series Overseas Fund
314,994,170
81,540,201
25,888,330
6,400,031
3,416,550
26,210,323
400,272,914
Fidelity Series Real Estate Income Fund
6,970,083
1,386,474
3,399,981
339,838
(210,690)
225,696
4,971,582
Fidelity Series Short-Term Credit Fund
762,518
93,639
28,520
18,324
700
16,202
844,539
Fidelity Series Small Cap Core Fund
-
705,986
65,011
11,715
4,411
94,547
739,933
Fidelity Series Small Cap Discovery Fund
32,297,039
8,702,220
6,188,969
1,156,761
23,969
4,549,335
39,383,594
Fidelity Series Small Cap Opportunities Fund
108,526,122
26,609,869
12,201,827
1,306,437
620,899
16,444,001
139,999,064
Fidelity Series Stock Selector Large Cap Value Fund
247,022,816
60,988,423
26,664,358
13,605,742
1,931,272
20,993,365
304,271,518
Fidelity Series Value Discovery Fund
220,424,909
63,121,373
21,921,191
12,286,832
1,848,917
6,327,412
269,801,420
4,109,167,940
1,064,984,236
532,934,670
158,183,895
14,533,468
414,732,794
5,070,483,768
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.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.
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