U.S. Treasury Bills, yield at date of purchase 5.29% to 5.38% 1/25/24 to 3/21/24 (b)
(Cost $6,492,456)
6,520,000
6,493,576
Domestic Equity Funds - 12.0%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
1,385,089
14,917,413
Fidelity Series Blue Chip Growth Fund (c)
2,632,564
41,120,651
Fidelity Series Commodity Strategy Fund (c)
256,087
23,721,335
Fidelity Series Growth Company Fund (c)
3,942,922
76,768,692
Fidelity Series Intrinsic Opportunities Fund (c)
1,412,165
15,293,747
Fidelity Series Large Cap Stock Fund (c)
3,699,083
72,280,089
Fidelity Series Large Cap Value Index Fund (c)
1,535,780
22,606,687
Fidelity Series Opportunistic Insights Fund (c)
2,430,667
45,842,375
Fidelity Series Small Cap Core Fund (c)
10,897
122,589
Fidelity Series Small Cap Discovery Fund (c)
559,156
6,530,944
Fidelity Series Small Cap Opportunities Fund (c)
1,561,504
21,704,904
Fidelity Series Stock Selector Large Cap Value Fund (c)
3,864,221
50,466,733
Fidelity Series Value Discovery Fund (c)
3,039,165
45,222,769
TOTAL DOMESTIC EQUITY FUNDS
(Cost $294,423,021)
436,598,928
International Equity Funds - 16.6%
Shares
Value ($)
Fidelity Series Canada Fund (c)
2,213,298
32,513,349
Fidelity Series Emerging Markets Fund (c)
5,825,468
49,283,462
Fidelity Series Emerging Markets Opportunities Fund (c)
11,216,309
194,378,630
Fidelity Series International Growth Fund (c)
5,301,907
90,821,659
Fidelity Series International Small Cap Fund (c)
3,227,343
54,735,739
Fidelity Series International Value Fund (c)
7,789,921
90,908,373
Fidelity Series Overseas Fund (c)
6,997,587
90,758,706
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $452,012,606)
603,399,918
Bond Funds - 62.1%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
55,714,233
527,613,790
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
12,154,816
93,105,888
Fidelity Series Emerging Markets Debt Fund (c)
2,445,682
18,954,039
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
669,006
6,268,590
Fidelity Series Floating Rate High Income Fund (c)
322,234
2,909,774
Fidelity Series High Income Fund (c)
2,307,702
19,407,774
Fidelity Series International Credit Fund (c)
460,020
3,670,956
Fidelity Series International Developed Markets Bond Index Fund (c)
16,142,250
141,083,265
Fidelity Series Investment Grade Bond Fund (c)
128,361,888
1,296,455,071
Fidelity Series Long-Term Treasury Bond Index Fund (c)
24,277,963
142,268,861
Fidelity Series Real Estate Income Fund (c)
376,941
3,577,172
TOTAL BOND FUNDS
(Cost $2,516,350,081)
2,255,315,180
Short-Term Funds - 9.1%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
9,638,568
9,640,496
Fidelity Series Government Money Market Fund 5.43% (c)(e)
274,432,603
274,432,603
Fidelity Series Short-Term Credit Fund (c)
4,911,506
48,378,335
TOTAL SHORT-TERM FUNDS
(Cost $332,822,842)
332,451,434
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $3,602,101,006)
3,634,259,036
NET OTHER ASSETS (LIABILITIES) - 0.0%
64,328
NET ASSETS - 100.0%
3,634,323,364
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
725
Mar 2024
81,845,703
2,650,000
2,650,000
CBOT 5-Year U.S. Treasury Note Contracts (United States)
1,155
Mar 2024
125,633,320
2,783,246
2,783,246
CBOT Long Term U.S. Treasury Bond Contracts (United States)
145
Mar 2024
18,115,938
1,315,107
1,315,107
TOTAL PURCHASED
6,748,353
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
122
Mar 2024
29,402,000
(976,160)
(976,160)
ICE MSCI EAFE Index Contracts (United States)
21
Mar 2024
2,365,020
(89,917)
(89,917)
ICE MSCI Emerging Markets Index Contracts (United States)
640
Mar 2024
33,078,400
(1,466,366)
(1,466,366)
TOTAL SOLD
(2,532,443)
TOTAL FUTURES CONTRACTS
4,215,910
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 $6,493,576.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
6,244,165
68,116,529
64,720,198
255,658
56
(56)
9,640,496
0.0%
Total
6,244,165
68,116,529
64,720,198
255,658
56
(56)
9,640,496
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
528,693,486
75,924,127
75,860,021
12,761,032
(2,296,095)
1,152,293
527,613,790
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
114,908,318
3,405,893
19,510,702
3,082,976
(5,173,183)
(524,438)
93,105,888
Fidelity Series All-Sector Equity Fund
17,219,403
789,455
5,291,947
713,633
(25,617)
2,226,119
14,917,413
Fidelity Series Blue Chip Growth Fund
47,342,695
1,263,366
19,639,908
241,953
3,400,239
8,754,259
41,120,651
Fidelity Series Canada Fund
41,177,894
2,711,292
13,841,216
1,091,756
3,152,237
(686,858)
32,513,349
Fidelity Series Commodity Strategy Fund
26,653,551
3,350,385
4,637,116
1,104,104
(4,235,116)
2,589,631
23,721,335
Fidelity Series Emerging Markets Debt Fund
19,684,439
1,102,584
2,821,366
921,958
(654,563)
1,642,945
18,954,039
Fidelity Series Emerging Markets Debt Local Currency Fund
6,664,282
373,213
946,048
308,983
(83,397)
260,540
6,268,590
Fidelity Series Emerging Markets Fund
35,093,093
14,037,553
1,787,338
1,184,081
(138,517)
2,078,671
49,283,462
Fidelity Series Emerging Markets Opportunities Fund
231,554,078
5,683,314
54,441,962
5,467,913
3,509,594
8,073,606
194,378,630
Fidelity Series Floating Rate High Income Fund
3,057,561
233,873
435,259
222,138
(27,091)
80,690
2,909,774
Fidelity Series Government Money Market Fund 5.43%
264,841,852
55,795,594
46,204,843
10,433,375
-
-
274,432,603
Fidelity Series Growth Company Fund
88,280,144
6,245,975
35,417,918
2,426,709
2,634,945
15,025,546
76,768,692
Fidelity Series High Income Fund
20,230,146
1,022,068
2,368,015
958,774
(234,041)
757,616
19,407,774
Fidelity Series International Credit Fund
3,464,558
131,996
18,708
131,995
241
92,869
3,670,956
Fidelity Series International Developed Markets Bond Index Fund
150,191,540
7,392,345
17,060,158
5,526,404
(2,242,028)
2,801,566
141,083,265
Fidelity Series International Growth Fund
108,802,506
5,405,933
30,750,352
1,186,471
9,330,878
(1,967,306)
90,821,659
Fidelity Series International Small Cap Fund
29,862,713
30,215,554
11,631,847
1,968,260
2,152,685
4,136,634
54,735,739
Fidelity Series International Value Fund
108,360,324
4,697,059
31,371,764
2,954,123
5,872,767
3,349,987
90,908,373
Fidelity Series Intrinsic Opportunities Fund
15,926,539
5,365,366
5,125,650
3,418,883
340,561
(1,213,069)
15,293,747
Fidelity Series Investment Grade Bond Fund
1,358,530,574
87,466,546
148,659,246
40,569,833
(13,705,735)
12,822,932
1,296,455,071
Fidelity Series Large Cap Stock Fund
82,868,143
4,807,291
23,577,875
3,953,129
8,457,450
(274,920)
72,280,089
Fidelity Series Large Cap Value Index Fund
25,977,294
1,797,699
6,676,783
930,349
1,356,712
151,765
22,606,687
Fidelity Series Long-Term Treasury Bond Index Fund
154,959,806
20,944,361
25,400,769
3,525,297
(6,705,047)
(1,529,490)
142,268,861
Fidelity Series Opportunistic Insights Fund
52,621,308
631,880
16,864,099
478,316
1,263,928
8,189,358
45,842,375
Fidelity Series Overseas Fund
108,700,949
4,866,864
29,946,337
1,509,151
4,665,038
2,472,192
90,758,706
Fidelity Series Real Estate Income Fund
6,752,495
531,264
3,750,269
260,791
(161,729)
205,411
3,577,172
Fidelity Series Short-Term Credit Fund
53,566,356
1,317,269
7,501,415
1,114,528
(201,170)
1,197,295
48,378,335
Fidelity Series Small Cap Core Fund
-
152,311
49,992
2,393
4,470
15,800
122,589
Fidelity Series Small Cap Discovery Fund
7,577,910
781,737
2,687,007
204,096
214,297
644,007
6,530,944
Fidelity Series Small Cap Opportunities Fund
25,432,828
1,022,716
7,812,405
236,696
1,872,545
1,189,220
21,704,904
Fidelity Series Stock Selector Large Cap Value Fund
57,864,714
3,488,855
15,518,652
2,363,078
2,258,978
2,372,838
50,466,733
Fidelity Series Value Discovery Fund
51,628,462
3,352,745
11,577,919
2,133,664
410,457
1,409,024
45,222,769
3,848,489,961
356,308,483
679,184,906
113,386,842
15,014,693
77,496,733
3,618,124,964
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.
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