U.S. Treasury Bills, yield at date of purchase 5.27% to 5.38% 1/25/24 to 3/28/24 (b)
(Cost $40,890,724)
41,070,000
40,897,727
Domestic Equity Funds - 27.6%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
21,117,432
227,434,747
Fidelity Series Blue Chip Growth Fund (c)
40,139,961
626,986,187
Fidelity Series Commodity Strategy Fund (c)
1,601,493
148,346,337
Fidelity Series Growth Company Fund (c)
60,117,899
1,170,495,489
Fidelity Series Intrinsic Opportunities Fund (c)
21,531,374
233,184,782
Fidelity Series Large Cap Stock Fund (c)
56,397,317
1,102,003,579
Fidelity Series Large Cap Value Index Fund (c)
23,414,901
344,667,338
Fidelity Series Opportunistic Insights Fund (c)
37,048,899
698,742,238
Fidelity Series Small Cap Core Fund (c)
166,219
1,869,961
Fidelity Series Small Cap Discovery Fund (c)
8,526,073
99,584,538
Fidelity Series Small Cap Opportunities Fund (c)
24,388,446
338,999,406
Fidelity Series Stock Selector Large Cap Value Fund (c)
58,914,839
769,427,793
Fidelity Series Value Discovery Fund (c)
46,327,484
689,352,955
TOTAL DOMESTIC EQUITY FUNDS
(Cost $4,500,554,379)
6,451,095,350
International Equity Funds - 27.1%
Shares
Value ($)
Fidelity Series Canada Fund (c)
26,995,279
396,560,653
Fidelity Series Emerging Markets Fund (c)
52,278,129
442,272,970
Fidelity Series Emerging Markets Opportunities Fund (c)
103,589,842
1,795,211,966
Fidelity Series International Growth Fund (c)
64,667,656
1,107,756,943
Fidelity Series International Small Cap Fund (c)
21,339,040
361,910,116
Fidelity Series International Value Fund (c)
95,012,623
1,108,797,308
Fidelity Series Overseas Fund (c)
85,350,918
1,107,001,406
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $4,916,247,593)
6,319,511,362
Bond Funds - 43.6%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
264,975,246
2,029,710,383
Fidelity Series Emerging Markets Debt Fund (c)
15,472,746
119,913,778
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
4,185,371
39,216,923
Fidelity Series Floating Rate High Income Fund (c)
2,381,884
21,508,413
Fidelity Series High Income Fund (c)
14,156,865
119,059,235
Fidelity Series International Credit Fund (c)
2,007,484
16,019,726
Fidelity Series International Developed Markets Bond Index Fund (c)
100,095,446
874,834,194
Fidelity Series Investment Grade Bond Fund (c)
576,300,187
5,820,631,890
Fidelity Series Long-Term Treasury Bond Index Fund (c)
192,346,790
1,127,152,192
Fidelity Series Real Estate Income Fund (c)
2,420,213
22,967,819
TOTAL BOND FUNDS
(Cost $11,773,593,990)
10,191,014,553
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
59,819,613
59,831,577
Fidelity Series Government Money Market Fund 5.43% (c)(e)
288,184,577
288,184,577
Fidelity Series Short-Term Credit Fund (c)
11,375
112,042
TOTAL SHORT-TERM FUNDS
(Cost $348,124,515)
348,128,196
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $21,579,411,201)
23,350,647,188
NET OTHER ASSETS (LIABILITIES) - 0.0%
421,392
NET ASSETS - 100.0%
23,351,068,580
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
4,667
Mar 2024
526,860,547
16,884,784
16,884,784
CBOT 5-Year U.S. Treasury Note Contracts (United States)
7,432
Mar 2024
808,404,188
17,688,135
17,688,135
CBOT Long Term U.S. Treasury Bond Contracts (United States)
936
Mar 2024
116,941,500
8,500,583
8,500,583
TOTAL PURCHASED
43,073,502
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
816
Mar 2024
196,656,000
(6,529,069)
(6,529,069)
ICE MSCI EAFE Index Contracts (United States)
288
Mar 2024
32,434,560
(206,848)
(206,848)
ICE MSCI Emerging Markets Index Contracts (United States)
3,854
Mar 2024
199,193,990
(8,827,630)
(8,827,630)
TOTAL SOLD
(15,563,547)
TOTAL FUTURES CONTRACTS
27,509,955
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 $40,897,727.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
41,182,948
421,728,746
403,080,117
1,569,308
706
(706)
59,831,577
0.1%
Total
41,182,948
421,728,746
403,080,117
1,569,308
706
(706)
59,831,577
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
1,935,469,929
376,160,633
181,436,713
64,745,438
(7,138,845)
(93,344,621)
2,029,710,383
Fidelity Series All-Sector Equity Fund
236,064,178
13,213,704
52,744,679
10,657,368
(2,558,672)
33,460,216
227,434,747
Fidelity Series Blue Chip Growth Fund
650,152,764
23,541,551
219,146,999
3,549,014
30,585,204
141,853,667
626,986,187
Fidelity Series Canada Fund
431,168,165
32,188,089
95,827,730
13,076,130
21,246,641
7,785,488
396,560,653
Fidelity Series Commodity Strategy Fund
162,219,120
24,430,321
28,080,689
6,872,031
(22,412,308)
12,189,893
148,346,337
Fidelity Series Emerging Markets Debt Fund
119,646,833
7,258,874
13,093,835
5,673,702
(2,419,179)
8,521,085
119,913,778
Fidelity Series Emerging Markets Debt Local Currency Fund
40,567,505
2,376,234
4,784,587
1,938,559
(424,221)
1,481,992
39,216,923
Fidelity Series Emerging Markets Fund
287,842,689
150,801,557
13,194,624
10,505,958
969,436
15,853,912
442,272,970
Fidelity Series Emerging Markets Opportunities Fund
1,996,236,757
63,051,585
364,798,938
49,691,348
(12,662,600)
113,385,162
1,795,211,966
Fidelity Series Floating Rate High Income Fund
22,591,461
1,904,465
3,382,776
1,647,706
(158,210)
553,473
21,508,413
Fidelity Series Government Money Market Fund 5.43%
236,997,123
121,134,233
69,946,779
10,052,731
-
-
288,184,577
Fidelity Series Growth Company Fund
1,212,917,112
76,709,313
369,393,286
36,222,687
(1,467,513)
251,729,863
1,170,495,489
Fidelity Series High Income Fund
121,053,951
7,185,677
12,411,655
5,777,820
(952,555)
4,183,817
119,059,235
Fidelity Series International Credit Fund
15,237,228
578,240
201,013
578,239
2,951
402,320
16,019,726
Fidelity Series International Developed Markets Bond Index Fund
906,786,410
75,268,122
110,599,565
33,815,827
(9,858,034)
13,237,261
874,834,194
Fidelity Series International Growth Fund
1,139,311,719
63,071,786
184,609,188
14,209,258
3,730,227
86,252,399
1,107,756,943
Fidelity Series International Small Cap Fund
311,599,931
66,701,772
42,615,873
12,088,817
4,025,376
22,198,910
361,910,116
Fidelity Series International Value Fund
1,135,761,952
70,659,252
202,907,440
35,385,413
25,625,929
79,657,615
1,108,797,308
Fidelity Series Intrinsic Opportunities Fund
237,706,685
61,429,778
52,871,912
49,759,838
3,005,114
(16,084,883)
233,184,782
Fidelity Series Investment Grade Bond Fund
5,742,801,752
730,770,416
653,174,258
175,145,870
(22,737,676)
22,971,656
5,820,631,890
Fidelity Series Large Cap Stock Fund
1,138,649,032
78,971,721
231,363,935
58,117,553
40,254,368
75,492,393
1,102,003,579
Fidelity Series Large Cap Value Index Fund
356,561,197
26,517,770
59,551,297
13,888,839
5,807,469
15,332,199
344,667,338
Fidelity Series Long-Term Treasury Bond Index Fund
1,163,769,875
165,406,925
139,527,473
26,914,460
(23,523,114)
(38,974,021)
1,127,152,192
Fidelity Series Opportunistic Insights Fund
722,541,905
14,895,573
173,023,170
7,143,441
613,755
133,714,175
698,742,238
Fidelity Series Overseas Fund
1,138,200,752
51,905,121
169,546,998
18,075,516
22,371,754
64,070,777
1,107,001,406
Fidelity Series Real Estate Income Fund
41,108,522
2,015,962
20,282,060
1,681,571
(912,053)
1,037,448
22,967,819
Fidelity Series Short-Term Credit Fund
108,646
2,568
1,439
2,410
34
2,233
112,042
Fidelity Series Small Cap Core Fund
-
2,048,918
461,689
33,051
41,715
241,017
1,869,961
Fidelity Series Small Cap Discovery Fund
103,619,055
9,628,608
25,792,660
3,029,424
1,887,630
10,241,905
99,584,538
Fidelity Series Small Cap Opportunities Fund
349,066,929
24,131,740
79,767,874
3,491,842
7,122,127
38,446,484
338,999,406
Fidelity Series Stock Selector Large Cap Value Fund
794,965,376
55,158,155
145,869,704
35,278,984
13,274,541
51,899,425
769,427,793
Fidelity Series Value Discovery Fund
709,303,981
67,403,974
112,206,461
31,856,375
2,712,784
22,138,677
689,352,955
23,460,028,534
2,466,522,637
3,832,617,299
740,907,220
76,052,075
1,079,931,937
23,249,917,884
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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