U.S. Treasury Bills, yield at date of purchase 5.27% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $33,207,514)
33,350,000
33,213,312
Domestic Equity Funds - 49.6%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
31,455,600
338,776,817
Fidelity Series Blue Chip Growth Fund (c)
60,180,832
940,024,601
Fidelity Series Commodity Strategy Fund (c)
1,332,451
123,424,981
Fidelity Series Growth Company Fund (c)
90,132,007
1,754,870,180
Fidelity Series Intrinsic Opportunities Fund (c)
32,281,017
349,603,415
Fidelity Series Large Cap Stock Fund (c)
84,427,259
1,649,708,639
Fidelity Series Large Cap Value Index Fund (c)
35,104,361
516,736,194
Fidelity Series Opportunistic Insights Fund (c)
54,975,982
1,036,847,026
Fidelity Series Small Cap Core Fund (c)
249,438
2,806,182
Fidelity Series Small Cap Discovery Fund (c)
12,783,279
149,308,703
Fidelity Series Small Cap Opportunities Fund (c)
38,118,666
529,849,452
Fidelity Series Stock Selector Large Cap Value Fund (c)
88,326,063
1,153,538,388
Fidelity Series Value Discovery Fund (c)
68,737,716
1,022,817,214
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,502,610,591)
9,568,311,792
International Equity Funds - 41.5%
Shares
Value ($)
Fidelity Series Canada Fund (c)
36,666,234
538,626,982
Fidelity Series Emerging Markets Fund (c)
61,874,759
523,460,463
Fidelity Series Emerging Markets Opportunities Fund (c)
120,937,705
2,095,850,423
Fidelity Series International Growth Fund (c)
89,022,238
1,524,950,943
Fidelity Series International Small Cap Fund (c)
17,690,269
300,026,969
Fidelity Series International Value Fund (c)
130,170,468
1,519,089,361
Fidelity Series Overseas Fund (c)
117,000,139
1,517,491,808
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $6,945,664,615)
8,019,496,949
Bond Funds - 7.2%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
1,974,537
15,124,951
Fidelity Series Emerging Markets Debt Fund (c)
12,255,895
94,983,183
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
3,304,372
30,961,962
Fidelity Series Floating Rate High Income Fund (c)
1,899,378
17,151,381
Fidelity Series High Income Fund (c)
11,486,397
96,600,595
Fidelity Series International Credit Fund (c)
734,954
5,864,930
Fidelity Series Investment Grade Bond Fund (c)
1,385,276
13,991,291
Fidelity Series Long-Term Treasury Bond Index Fund (c)
187,615,401
1,099,426,249
Fidelity Series Real Estate Income Fund (c)
1,945,763
18,465,295
TOTAL BOND FUNDS
(Cost $1,731,251,995)
1,392,569,837
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
45,152,698
45,161,729
Fidelity Series Government Money Market Fund 5.43% (c)(e)
238,116,695
238,116,695
Fidelity Series Short-Term Credit Fund (c)
102,174
1,006,414
TOTAL SHORT-TERM FUNDS
(Cost $284,257,393)
284,284,838
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $16,496,992,108)
19,297,876,728
NET OTHER ASSETS (LIABILITIES) - 0.0%
201,939
NET ASSETS - 100.0%
19,298,078,667
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
3,865
Mar 2024
436,322,266
13,808,982
13,808,982
CBOT 5-Year U.S. Treasury Note Contracts (United States)
6,156
Mar 2024
669,609,281
14,471,644
14,471,644
CBOT Long Term U.S. Treasury Bond Contracts (United States)
775
Mar 2024
96,826,563
7,046,324
7,046,324
TOTAL PURCHASED
35,326,950
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
634
Mar 2024
152,794,000
(5,072,831)
(5,072,831)
ICE MSCI EAFE Index Contracts (United States)
94
Mar 2024
10,586,280
(27,737)
(27,737)
ICE MSCI Emerging Markets Index Contracts (United States)
2,677
Mar 2024
138,360,745
(6,109,377)
(6,109,377)
TOTAL SOLD
(11,209,945)
TOTAL FUTURES CONTRACTS
24,117,005
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 $33,213,312.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
30,797,237
326,963,592
312,599,100
1,161,313
-
-
45,161,729
0.1%
Total
30,797,237
326,963,592
312,599,100
1,161,313
-
-
45,161,729
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
15,448,990
1,394,209
945,855
486,560
(37,132)
(735,261)
15,124,951
Fidelity Series All-Sector Equity Fund
305,056,033
31,935,382
40,343,238
15,748,499
320,263
41,808,377
338,776,817
Fidelity Series Blue Chip Growth Fund
840,163,886
68,361,626
206,758,090
5,119,428
12,768,063
225,489,116
940,024,601
Fidelity Series Canada Fund
496,480,170
73,174,681
68,388,652
17,736,951
8,704,455
28,656,328
538,626,982
Fidelity Series Commodity Strategy Fund
119,027,836
27,886,394
15,211,061
5,463,825
(2,631,007)
(5,647,181)
123,424,981
Fidelity Series Emerging Markets Debt Fund
84,432,319
10,599,647
4,966,195
4,255,896
(91,712)
5,009,124
94,983,183
Fidelity Series Emerging Markets Debt Local Currency Fund
28,818,294
3,061,693
1,716,162
1,520,252
(13,005)
811,142
30,961,962
Fidelity Series Emerging Markets Fund
296,718,849
221,939,269
14,296,056
12,360,833
682,555
18,415,846
523,460,463
Fidelity Series Emerging Markets Opportunities Fund
2,040,268,363
112,810,948
166,003,981
57,661,920
4,888,168
103,886,925
2,095,850,423
Fidelity Series Floating Rate High Income Fund
15,720,863
2,128,764
987,106
1,221,973
8,072
280,788
17,151,381
Fidelity Series Government Money Market Fund 5.43%
171,729,719
115,595,338
49,208,362
7,760,417
-
-
238,116,695
Fidelity Series Growth Company Fund
1,567,391,907
181,929,730
336,979,805
53,591,607
(5,372,643)
347,900,991
1,754,870,180
Fidelity Series High Income Fund
84,916,809
13,826,581
4,836,743
4,433,218
61,678
2,632,270
96,600,595
Fidelity Series International Credit Fund
5,644,124
212,967
140,368
212,967
2,432
145,775
5,864,930
Fidelity Series International Growth Fund
1,311,890,360
182,576,374
89,839,698
19,273,939
15,843,476
104,480,431
1,524,950,943
Fidelity Series International Small Cap Fund
358,143,140
29,324,765
97,748,705
9,999,181
(15,593,626)
25,901,395
300,026,969
Fidelity Series International Value Fund
1,308,444,385
208,310,666
131,967,272
48,008,109
11,769,452
122,532,130
1,519,089,361
Fidelity Series Intrinsic Opportunities Fund
316,394,012
95,568,394
43,988,805
70,840,169
(1,960,184)
(16,410,002)
349,603,415
Fidelity Series Investment Grade Bond Fund
4,201,789
9,853,300
649,041
210,564
(138)
585,381
13,991,291
Fidelity Series Large Cap Stock Fund
1,471,752,006
173,663,480
154,528,148
84,203,346
22,483,163
136,338,138
1,649,708,639
Fidelity Series Large Cap Value Index Fund
461,064,864
64,523,279
38,285,484
20,524,731
3,781,054
25,652,481
516,736,194
Fidelity Series Long-Term Treasury Bond Index Fund
987,598,813
232,200,639
70,020,348
24,563,792
(343,910)
(50,008,945)
1,099,426,249
Fidelity Series Opportunistic Insights Fund
934,008,400
58,005,013
140,814,421
10,556,715
(3,785,771)
189,433,805
1,036,847,026
Fidelity Series Overseas Fund
1,310,610,368
187,217,634
94,509,764
24,520,253
10,588,963
103,584,607
1,517,491,808
Fidelity Series Real Estate Income Fund
26,361,803
2,643,599
10,585,839
1,316,571
(906,418)
952,150
18,465,295
Fidelity Series Short-Term Credit Fund
905,028
105,821
24,599
21,759
620
19,544
1,006,414
Fidelity Series Small Cap Core Fund
-
2,687,088
269,142
45,189
26,550
361,686
2,806,182
Fidelity Series Small Cap Discovery Fund
134,196,723
22,575,405
25,242,832
4,447,405
1,488,996
16,290,411
149,308,703
Fidelity Series Small Cap Opportunities Fund
451,379,502
60,213,575
47,501,999
5,058,887
3,199,959
62,558,415
529,849,452
Fidelity Series Stock Selector Large Cap Value Fund
1,027,626,432
137,986,914
102,410,120
52,128,068
6,567,177
83,767,985
1,153,538,388
Fidelity Series Value Discovery Fund
916,950,854
157,250,380
84,293,722
47,074,349
5,750,130
27,159,572
1,022,817,214
17,093,346,641
2,489,563,555
2,043,461,613
610,367,373
78,199,680
1,601,853,424
19,219,501,687
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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