U.S. Treasury Bills, yield at date of purchase 5.29% to 5.38% 1/25/24 to 3/21/24 (b)
(Cost $2,787,912)
2,800,000
2,788,390
Domestic Equity Funds - 27.6%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
6,450,745
100,760,640
Fidelity Series Commodity Strategy Fund (c)
109,030
10,099,428
Fidelity Series Large Cap Growth Index Fund (c)
3,336,858
63,900,835
Fidelity Series Large Cap Stock Fund (c)
3,463,693
67,680,566
Fidelity Series Large Cap Value Index Fund (c)
8,191,347
120,576,629
Fidelity Series Small Cap Core Fund (c)
26,441
297,466
Fidelity Series Small Cap Opportunities Fund (c)
2,241,933
31,162,870
Fidelity Series Value Discovery Fund (c)
2,998,046
44,610,927
TOTAL DOMESTIC EQUITY FUNDS
(Cost $356,951,805)
439,089,361
International Equity Funds - 27.1%
Shares
Value ($)
Fidelity Series Canada Fund (c)
1,837,730
26,996,258
Fidelity Series Emerging Markets Fund (c)
3,605,693
30,504,166
Fidelity Series Emerging Markets Opportunities Fund (c)
7,037,965
121,967,925
Fidelity Series International Growth Fund (c)
3,908,528
66,953,085
Fidelity Series International Index Fund (c)
2,157,190
25,368,560
Fidelity Series International Small Cap Fund (c)
1,452,809
24,639,643
Fidelity Series International Value Fund (c)
5,742,602
67,016,171
Fidelity Series Overseas Fund (c)
5,162,300
66,955,031
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $398,041,211)
430,400,839
Bond Funds - 43.6%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
18,038,516
138,175,032
Fidelity Series Corporate Bond Fund (c)
8,585,850
80,020,125
Fidelity Series Emerging Markets Debt Fund (c)
1,052,897
8,159,948
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
284,773
2,668,323
Fidelity Series Floating Rate High Income Fund (c)
162,095
1,463,714
Fidelity Series Government Bond Index Fund (c)
12,673,401
117,228,960
Fidelity Series High Income Fund (c)
973,229
8,184,858
Fidelity Series International Developed Markets Bond Index Fund (c)
6,939,091
60,647,653
Fidelity Series Investment Grade Bond Fund (c)
11,778,376
118,961,600
Fidelity Series Investment Grade Securitized Fund (c)
8,859,144
79,909,482
Fidelity Series Long-Term Treasury Bond Index Fund (c)
13,093,952
76,730,558
Fidelity Series Real Estate Income Fund (c)
164,785
1,563,811
TOTAL BOND FUNDS
(Cost $787,197,703)
693,714,064
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
3,823,142
3,823,906
Fidelity Series Government Money Market Fund 5.43% (c)(e)
5,425,914
5,425,914
Fidelity Series Short-Term Credit Fund (c)
20,364
200,587
Fidelity Series Treasury Bill Index Fund (c)
1,407,950
13,995,027
TOTAL SHORT-TERM FUNDS
(Cost $23,448,512)
23,445,434
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,568,427,143)
1,589,438,088
NET OTHER ASSETS (LIABILITIES) - 0.0%
39,920
NET ASSETS - 100.0%
1,589,478,008
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
318
Mar 2024
35,899,219
1,146,037
1,146,037
CBOT 5-Year U.S. Treasury Note Contracts (United States)
506
Mar 2024
55,039,359
1,199,726
1,199,726
CBOT Long Term U.S. Treasury Bond Contracts (United States)
64
Mar 2024
7,996,000
581,225
581,225
TOTAL PURCHASED
2,926,988
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
55
Mar 2024
13,255,000
(440,072)
(440,072)
ICE MSCI EAFE Index Contracts (United States)
20
Mar 2024
2,252,400
(21,758)
(21,758)
ICE MSCI Emerging Markets Index Contracts (United States)
266
Mar 2024
13,748,210
(609,388)
(609,388)
TOTAL SOLD
(1,071,218)
TOTAL FUTURES CONTRACTS
1,855,770
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 $2,788,390.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
2,060,328
28,723,445
26,959,867
97,978
-
-
3,823,906
0.0%
Total
2,060,328
28,723,445
26,959,867
97,978
-
-
3,823,906
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
121,256,615
32,336,103
9,048,462
4,390,209
(131,995)
(6,237,229)
138,175,032
Fidelity Series Blue Chip Growth Fund
92,576,641
11,985,338
29,873,410
548,646
(1,381,612)
27,453,683
100,760,640
Fidelity Series Canada Fund
27,012,122
3,772,483
5,707,062
893,009
137,595
1,781,120
26,996,258
Fidelity Series Commodity Strategy Fund
10,168,216
2,197,974
1,574,359
460,302
(260,822)
(431,581)
10,099,428
Fidelity Series Corporate Bond Fund
71,536,047
13,989,112
7,007,478
2,387,818
(87,339)
1,589,783
80,020,125
Fidelity Series Emerging Markets Debt Fund
7,494,700
933,755
688,974
373,529
(8,939)
429,406
8,159,948
Fidelity Series Emerging Markets Debt Local Currency Fund
2,541,531
313,037
255,862
131,580
1,976
67,641
2,668,323
Fidelity Series Emerging Markets Fund
18,800,585
11,395,906
848,171
733,695
(92,758)
1,248,604
30,504,166
Fidelity Series Emerging Markets Opportunities Fund
124,449,774
6,193,341
15,328,503
3,379,207
(2,351,290)
9,004,603
121,967,925
Fidelity Series Floating Rate High Income Fund
1,419,697
211,440
193,457
108,739
(640)
26,674
1,463,714
Fidelity Series Government Bond Index Fund
105,877,573
21,865,652
9,396,220
2,371,122
(36,942)
(1,081,103)
117,228,960
Fidelity Series Government Money Market Fund 5.43%
4,180,278
2,875,355
1,629,719
186,851
-
-
5,425,914
Fidelity Series High Income Fund
7,608,311
951,502
601,936
382,794
2,557
224,424
8,184,858
Fidelity Series International Developed Markets Bond Index Fund
57,580,813
9,389,683
6,640,449
2,259,351
(158,105)
475,711
60,647,653
Fidelity Series International Growth Fund
62,700,338
8,110,509
9,219,375
861,780
(564,321)
5,925,934
66,953,085
Fidelity Series International Index Fund
25,999,698
3,124,674
5,302,104
710,200
(117,932)
1,664,224
25,368,560
Fidelity Series International Small Cap Fund
19,518,607
5,834,779
2,528,826
831,449
(104,692)
1,919,775
24,639,643
Fidelity Series International Value Fund
62,479,185
7,793,928
9,374,130
2,146,069
125,911
5,991,277
67,016,171
Fidelity Series Investment Grade Bond Fund
107,789,584
21,223,007
10,315,638
3,450,217
(147,362)
412,009
118,961,600
Fidelity Series Investment Grade Securitized Fund
74,303,878
12,715,283
7,103,367
2,281,687
(126,757)
120,445
79,909,482
Fidelity Series Large Cap Growth Index Fund
58,642,125
7,006,181
14,839,484
536,541
1,105,201
11,986,812
63,900,835
Fidelity Series Large Cap Stock Fund
64,150,858
8,240,176
11,529,826
3,508,922
313,956
6,505,402
67,680,566
Fidelity Series Large Cap Value Index Fund
119,762,256
15,079,474
21,436,810
4,874,607
435,282
6,736,427
120,576,629
Fidelity Series Long-Term Treasury Bond Index Fund
72,906,070
15,495,001
7,953,508
1,769,202
(636,672)
(3,080,333)
76,730,558
Fidelity Series Overseas Fund
62,639,383
7,702,667
8,489,619
1,097,077
(137,872)
5,240,472
66,955,031
Fidelity Series Real Estate Income Fund
2,601,352
281,762
1,329,040
111,251
(168,062)
177,799
1,563,811
Fidelity Series Short-Term Credit Fund
189,788
6,746
-
4,282
-
4,053
200,587
Fidelity Series Small Cap Core Fund
192,337
104,513
38,744
4,858
3,975
35,385
297,466
Fidelity Series Small Cap Opportunities Fund
29,286,369
4,142,926
6,413,493
318,894
112,715
4,034,353
31,162,870
Fidelity Series Treasury Bill Index Fund
10,634,419
6,382,380
3,012,092
465,920
(4,553)
(5,127)
13,995,027
Fidelity Series Value Discovery Fund
43,830,370
6,673,835
7,421,971
2,067,979
(151,095)
1,679,788
44,610,927
1,470,129,520
248,328,522
215,102,089
43,647,787
(4,430,592)
83,900,431
1,582,825,792
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.
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.
We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.
