U.S. Treasury Bills, yield at date of purchase 5.29% to 5.38% 1/25/24 to 3/21/24 (b)
(Cost $1,214,932)
1,220,000
1,215,143
Domestic Equity Funds - 7.0%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
142,926
1,539,315
Fidelity Series Blue Chip Growth Fund (c)
271,652
4,243,204
Fidelity Series Commodity Strategy Fund (c)
47,590
4,408,256
Fidelity Series Growth Company Fund (c)
406,867
7,921,694
Fidelity Series Intrinsic Opportunities Fund (c)
145,711
1,578,046
Fidelity Series Large Cap Stock Fund (c)
381,699
7,458,399
Fidelity Series Large Cap Value Index Fund (c)
158,472
2,332,710
Fidelity Series Opportunistic Insights Fund (c)
250,821
4,730,480
Fidelity Series Small Cap Core Fund (c)
1,127
12,680
Fidelity Series Small Cap Discovery Fund (c)
57,702
673,962
Fidelity Series Small Cap Opportunities Fund (c)
161,127
2,239,659
Fidelity Series Stock Selector Large Cap Value Fund (c)
398,743
5,207,588
Fidelity Series Value Discovery Fund (c)
313,607
4,666,477
TOTAL DOMESTIC EQUITY FUNDS
(Cost $33,360,399)
47,012,470
International Equity Funds - 13.2%
Shares
Value ($)
Fidelity Series Canada Fund (c)
290,358
4,265,364
Fidelity Series Emerging Markets Fund (c)
922,245
7,802,191
Fidelity Series Emerging Markets Opportunities Fund (c)
1,754,884
30,412,137
Fidelity Series International Growth Fund (c)
695,532
11,914,462
Fidelity Series International Small Cap Fund (c)
590,655
10,017,501
Fidelity Series International Value Fund (c)
1,021,923
11,925,845
Fidelity Series Overseas Fund (c)
917,980
11,906,200
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $67,541,954)
88,243,700
Bond Funds - 68.2%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
13,972,765
132,322,082
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
86,679
663,958
Fidelity Series Emerging Markets Debt Fund (c)
449,934
3,486,988
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
123,075
1,153,214
Fidelity Series Floating Rate High Income Fund (c)
55,781
503,703
Fidelity Series High Income Fund (c)
429,645
3,613,313
Fidelity Series International Credit Fund (c)
67,732
540,502
Fidelity Series International Developed Markets Bond Index Fund (c)
2,988,678
26,121,044
Fidelity Series Investment Grade Bond Fund (c)
25,957,250
262,168,221
Fidelity Series Long-Term Treasury Bond Index Fund (c)
4,216,834
24,710,647
Fidelity Series Real Estate Income Fund (c)
69,977
664,083
TOTAL BOND FUNDS
(Cost $504,870,320)
455,947,755
Short-Term Funds - 11.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
1,818,990
1,819,353
Fidelity Series Government Money Market Fund 5.43% (c)(e)
61,957,697
61,957,697
Fidelity Series Short-Term Credit Fund (c)
1,295,361
12,759,307
TOTAL SHORT-TERM FUNDS
(Cost $76,628,410)
76,536,357
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $683,616,015)
668,955,425
NET OTHER ASSETS (LIABILITIES) - 0.0%
11,056
NET ASSETS - 100.0%
668,966,481
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
134
Mar 2024
15,127,344
489,837
489,837
CBOT 5-Year U.S. Treasury Note Contracts (United States)
213
Mar 2024
23,168,742
515,344
515,344
CBOT Long Term U.S. Treasury Bond Contracts (United States)
27
Mar 2024
3,373,313
244,969
244,969
TOTAL PURCHASED
1,250,150
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
22
Mar 2024
5,302,000
(176,029)
(176,029)
ICE MSCI EAFE Index Contracts (United States)
3
Mar 2024
337,860
(12,845)
(12,845)
ICE MSCI Emerging Markets Index Contracts (United States)
110
Mar 2024
5,685,350
(251,509)
(251,509)
TOTAL SOLD
(440,383)
TOTAL FUTURES CONTRACTS
809,767
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 1.7%
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 $1,215,143.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
1,183,898
12,695,423
12,059,968
48,452
-
-
1,819,353
0.0%
Total
1,183,898
12,695,423
12,059,968
48,452
-
-
1,819,353
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 0-5 Year Inflation-Protected Bond Index Fund
141,891,946
17,155,954
26,446,843
3,234,000
(804,605)
525,630
132,322,082
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
2,657,786
57,087
1,954,455
22,171
(292,963)
196,503
663,958
Fidelity Series All-Sector Equity Fund
1,878,112
112,196
685,077
73,567
42,823
191,261
1,539,315
Fidelity Series Blue Chip Growth Fund
5,230,420
208,375
2,483,220
25,149
437,706
849,923
4,243,204
Fidelity Series Canada Fund
5,897,691
481,415
2,435,287
143,475
533,990
(212,445)
4,265,364
Fidelity Series Commodity Strategy Fund
5,103,156
681,312
1,061,566
207,826
(832,508)
517,862
4,408,256
Fidelity Series Emerging Markets Debt Fund
3,753,273
270,394
716,812
174,124
(151,086)
331,219
3,486,988
Fidelity Series Emerging Markets Debt Local Currency Fund
1,270,568
92,255
242,655
57,014
(20,292)
53,338
1,153,214
Fidelity Series Emerging Markets Fund
5,826,551
2,061,677
386,519
188,202
(25,638)
326,120
7,802,191
Fidelity Series Emerging Markets Opportunities Fund
37,745,134
1,572,478
10,782,472
868,901
500,586
1,376,411
30,412,137
Fidelity Series Floating Rate High Income Fund
449,952
158,185
112,145
34,950
994
6,717
503,703
Fidelity Series Government Money Market Fund 5.43%
64,869,834
11,068,866
13,981,003
2,501,237
-
-
61,957,697
Fidelity Series Growth Company Fund
9,640,472
918,936
4,525,060
249,784
489,009
1,398,337
7,921,694
Fidelity Series High Income Fund
3,882,407
274,184
638,566
182,897
(63,759)
159,047
3,613,313
Fidelity Series International Credit Fund
512,623
19,485
5,292
19,485
78
13,608
540,502
Fidelity Series International Developed Markets Bond Index Fund
28,750,044
1,845,498
4,552,302
1,040,990
(532,672)
610,476
26,121,044
Fidelity Series International Growth Fund
15,582,703
1,119,394
5,720,043
155,919
1,283,796
(351,388)
11,914,462
Fidelity Series International Small Cap Fund
4,287,963
6,847,253
2,401,227
366,991
354,841
928,671
10,017,501
Fidelity Series International Value Fund
15,508,722
895,490
5,719,088
388,195
987,073
253,648
11,925,845
Fidelity Series Intrinsic Opportunities Fund
1,628,411
672,757
631,323
357,065
29,104
(120,903)
1,578,046
Fidelity Series Investment Grade Bond Fund
285,170,633
21,766,617
44,175,997
8,451,712
(4,422,945)
3,829,913
262,168,221
Fidelity Series Large Cap Stock Fund
8,927,107
675,398
3,010,051
410,572
819,225
46,720
7,458,399
Fidelity Series Large Cap Value Index Fund
2,798,423
222,898
846,615
95,892
176,764
(18,760)
2,332,710
Fidelity Series Long-Term Treasury Bond Index Fund
27,763,189
4,349,771
5,870,020
627,518
(1,301,368)
(230,925)
24,710,647
Fidelity Series Opportunistic Insights Fund
5,699,223
169,063
2,136,496
49,304
256,990
741,700
4,730,480
Fidelity Series Overseas Fund
15,568,501
1,040,049
5,611,298
198,321
1,003,712
(94,764)
11,906,200
Fidelity Series Real Estate Income Fund
1,286,430
84,922
710,417
51,019
(30,770)
33,918
664,083
Fidelity Series Short-Term Credit Fund
14,354,364
673,061
2,529,549
299,071
(54,968)
316,399
12,759,307
Fidelity Series Small Cap Core Fund
-
17,447
6,872
228
466
1,639
12,680
Fidelity Series Small Cap Discovery Fund
823,181
84,474
322,888
21,098
30,642
58,553
673,962
Fidelity Series Small Cap Opportunities Fund
2,739,910
174,138
994,593
24,574
188,488
131,716
2,239,659
Fidelity Series Stock Selector Large Cap Value Fund
6,233,629
447,604
1,959,159
243,557
298,673
186,841
5,207,588
Fidelity Series Value Discovery Fund
5,561,350
435,873
1,523,678
219,899
165,003
27,929
4,666,477
733,293,708
76,654,506
155,178,588
20,984,707
(933,611)
12,084,914
665,920,929
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.
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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