U.S. Treasury Bills, yield at date of purchase 5.27% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $47,757,505)
47,960,000
47,765,885
Domestic Equity Funds - 46.8%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
42,501,133
457,737,201
Fidelity Series Blue Chip Growth Fund (c)
81,033,200
1,265,738,583
Fidelity Series Commodity Strategy Fund (c)
1,952,582
180,867,687
Fidelity Series Growth Company Fund (c)
121,363,049
2,362,938,562
Fidelity Series Intrinsic Opportunities Fund (c)
43,466,583
470,743,099
Fidelity Series Large Cap Stock Fund (c)
113,850,726
2,224,643,179
Fidelity Series Large Cap Value Index Fund (c)
47,268,243
695,788,534
Fidelity Series Opportunistic Insights Fund (c)
74,280,554
1,400,931,240
Fidelity Series Small Cap Core Fund (c)
335,891
3,778,769
Fidelity Series Small Cap Discovery Fund (c)
17,212,667
201,043,955
Fidelity Series Small Cap Opportunities Fund (c)
50,655,980
704,118,122
Fidelity Series Stock Selector Large Cap Value Fund (c)
118,932,633
1,553,260,190
Fidelity Series Value Discovery Fund (c)
92,874,364
1,381,970,537
TOTAL DOMESTIC EQUITY FUNDS
(Cost $9,645,938,988)
12,903,559,658
International Equity Funds - 39.7%
Shares
Value ($)
Fidelity Series Canada Fund (c)
49,580,796
728,341,887
Fidelity Series Emerging Markets Fund (c)
84,972,343
718,866,026
Fidelity Series Emerging Markets Opportunities Fund (c)
166,624,860
2,887,608,821
Fidelity Series International Growth Fund (c)
120,667,425
2,067,032,992
Fidelity Series International Small Cap Fund (c)
25,550,049
433,328,830
Fidelity Series International Value Fund (c)
176,292,840
2,057,337,445
Fidelity Series Overseas Fund (c)
159,086,383
2,063,350,383
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $9,197,332,872)
10,955,866,384
Bond Funds - 11.8%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
2,820,092
21,601,904
Fidelity Series Emerging Markets Debt Fund (c)
17,796,942
137,926,298
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
4,747,952
44,488,315
Fidelity Series Floating Rate High Income Fund (c)
2,761,885
24,939,819
Fidelity Series High Income Fund (c)
16,652,106
140,044,215
Fidelity Series International Credit Fund (c)
1,249,953
9,974,628
Fidelity Series International Developed Markets Bond Index Fund (c)
23,088,807
201,796,177
Fidelity Series Investment Grade Bond Fund (c)
107,950,294
1,090,297,974
Fidelity Series Long-Term Treasury Bond Index Fund (c)
268,167,512
1,571,461,620
Fidelity Series Real Estate Income Fund (c)
2,797,127
26,544,735
TOTAL BOND FUNDS
(Cost $3,787,262,994)
3,269,075,685
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
65,448,993
65,462,083
Fidelity Series Government Money Market Fund 5.43% (c)(e)
345,463,264
345,463,264
Fidelity Series Short-Term Credit Fund (c)
84,259
829,949
TOTAL SHORT-TERM FUNDS
(Cost $411,731,709)
411,755,296
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $23,090,024,068)
27,588,022,908
NET OTHER ASSETS (LIABILITIES) - 0.0%
267,347
NET ASSETS - 100.0%
27,588,290,255
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
5,526
Mar 2024
623,833,594
19,744,140
19,744,140
CBOT 5-Year U.S. Treasury Note Contracts (United States)
8,801
Mar 2024
957,315,023
20,693,835
20,693,835
CBOT Long Term U.S. Treasury Bond Contracts (United States)
1,108
Mar 2024
138,430,750
10,072,624
10,072,624
TOTAL PURCHASED
50,510,599
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
935
Mar 2024
225,335,000
(7,481,225)
(7,481,225)
ICE MSCI EAFE Index Contracts (United States)
220
Mar 2024
24,776,400
(13,633)
(13,633)
ICE MSCI Emerging Markets Index Contracts (United States)
4,014
Mar 2024
207,463,590
(9,160,727)
(9,160,727)
TOTAL SOLD
(16,655,585)
TOTAL FUTURES CONTRACTS
33,855,014
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 $47,765,885.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
46,803,647
472,810,678
454,152,242
1,708,438
19
(19)
65,462,083
0.1%
Total
46,803,647
472,810,678
454,152,242
1,708,438
19
(19)
65,462,083
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
22,528,515
1,594,734
1,400,188
695,304
(80,541)
(1,040,616)
21,601,904
Fidelity Series All-Sector Equity Fund
429,762,477
35,907,022
66,049,594
21,278,543
(3,414,567)
61,531,863
457,737,201
Fidelity Series Blue Chip Growth Fund
1,182,629,209
70,068,439
314,817,447
6,964,299
26,827,198
301,031,184
1,265,738,583
Fidelity Series Canada Fund
702,661,060
79,694,346
105,302,684
24,117,473
19,537,689
31,751,476
728,341,887
Fidelity Series Commodity Strategy Fund
174,865,068
41,998,649
24,293,331
7,836,705
(9,913,198)
(1,789,501)
180,867,687
Fidelity Series Emerging Markets Debt Fund
123,461,750
14,428,744
7,098,638
6,206,538
(256,035)
7,390,477
137,926,298
Fidelity Series Emerging Markets Debt Local Currency Fund
42,140,390
3,708,559
2,516,841
2,181,160
(110,727)
1,266,934
44,488,315
Fidelity Series Emerging Markets Fund
412,393,930
296,082,067
17,657,005
17,076,964
894,153
27,152,881
718,866,026
Fidelity Series Emerging Markets Opportunities Fund
2,923,990,411
132,197,660
319,067,099
79,510,562
(48,953,521)
199,441,370
2,887,608,821
Fidelity Series Floating Rate High Income Fund
23,689,429
2,693,942
1,870,127
1,809,703
9,650
416,925
24,939,819
Fidelity Series Government Money Market Fund 5.43%
258,254,951
155,845,419
68,637,106
11,301,653
-
-
345,463,264
Fidelity Series Growth Company Fund
2,205,786,964
205,493,555
521,325,491
72,412,811
(37,357,928)
510,341,462
2,362,938,562
Fidelity Series High Income Fund
124,701,947
18,807,399
7,365,015
6,463,897
(68,239)
3,968,123
140,044,215
Fidelity Series International Credit Fund
9,566,310
361,409
205,069
361,410
3,153
248,825
9,974,628
Fidelity Series International Developed Markets Bond Index Fund
110,042,256
98,113,097
8,684,418
6,135,955
(164,120)
2,489,362
201,796,177
Fidelity Series International Growth Fund
1,856,694,981
198,269,748
151,985,902
26,207,032
21,169,123
142,885,042
2,067,032,992
Fidelity Series International Small Cap Fund
507,488,462
31,180,073
121,689,909
14,323,938
(14,418,116)
30,768,320
433,328,830
Fidelity Series International Value Fund
1,851,191,748
228,284,057
206,892,710
65,276,576
18,444,424
166,309,926
2,057,337,445
Fidelity Series Intrinsic Opportunities Fund
445,678,393
119,683,904
69,157,942
96,837,035
1,544,348
(27,005,604)
470,743,099
Fidelity Series Investment Grade Bond Fund
603,858,893
516,646,595
42,297,044
24,829,725
15,142
12,074,388
1,090,297,974
Fidelity Series Large Cap Stock Fund
2,071,193,457
192,899,294
258,299,384
114,528,652
31,584,891
187,264,921
2,224,643,179
Fidelity Series Large Cap Value Index Fund
649,253,483
70,556,728
64,343,920
27,731,868
4,927,956
35,394,287
695,788,534
Fidelity Series Long-Term Treasury Bond Index Fund
1,441,509,439
312,429,654
108,090,645
35,436,505
(1,794,570)
(72,592,258)
1,571,461,620
Fidelity Series Opportunistic Insights Fund
1,314,637,181
59,192,869
228,256,844
14,263,667
(13,658,877)
269,016,911
1,400,931,240
Fidelity Series Overseas Fund
1,854,872,187
198,662,722
146,502,326
33,340,392
13,588,119
142,729,681
2,063,350,383
Fidelity Series Real Estate Income Fund
41,125,817
3,307,182
17,779,976
1,970,727
(1,768,169)
1,659,881
26,544,735
Fidelity Series Short-Term Credit Fund
769,663
61,034
17,438
17,907
436
16,254
829,949
Fidelity Series Small Cap Core Fund
-
3,708,786
464,231
62,301
47,173
487,041
3,778,769
Fidelity Series Small Cap Discovery Fund
189,377,100
26,218,403
38,701,654
6,020,422
2,266,228
21,883,878
201,043,955
Fidelity Series Small Cap Opportunities Fund
635,631,562
64,578,192
85,539,655
6,873,277
2,483,590
86,964,433
704,118,122
Fidelity Series Stock Selector Large Cap Value Fund
1,446,348,890
157,751,431
174,784,905
70,432,629
9,482,170
114,462,604
1,553,260,190
Fidelity Series Value Discovery Fund
1,290,628,669
177,234,772
131,569,543
63,604,210
7,077,141
38,599,498
1,381,970,537
24,946,734,592
3,517,660,485
3,312,664,081
866,109,840
27,943,976
2,295,119,968
27,474,794,940
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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