U.S. Treasury Bills, yield at date of purchase 5.29% to 5.4% 1/25/24 to 3/21/24 (b)
(Cost $3,683,714)
3,700,000
3,684,346
Domestic Equity Funds - 31.5%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
9,857,834
153,979,373
Fidelity Series Commodity Strategy Fund (c)
147,234
13,638,284
Fidelity Series Large Cap Growth Index Fund (c)
5,094,168
97,553,327
Fidelity Series Large Cap Stock Fund (c)
5,293,138
103,427,926
Fidelity Series Large Cap Value Index Fund (c)
12,517,793
184,261,907
Fidelity Series Small Cap Core Fund (c)
40,479
455,384
Fidelity Series Small Cap Opportunities Fund (c)
3,443,318
47,862,114
Fidelity Series Value Discovery Fund (c)
4,576,626
68,100,201
TOTAL DOMESTIC EQUITY FUNDS
(Cost $557,149,877)
669,278,516
International Equity Funds - 29.7%
Shares
Value ($)
Fidelity Series Canada Fund (c)
2,739,591
40,244,585
Fidelity Series Emerging Markets Fund (c)
5,182,228
43,841,651
Fidelity Series Emerging Markets Opportunities Fund (c)
10,078,838
174,666,257
Fidelity Series International Growth Fund (c)
5,837,114
99,989,760
Fidelity Series International Index Fund (c)
3,215,321
37,812,178
Fidelity Series International Small Cap Fund (c)
1,948,330
33,043,676
Fidelity Series International Value Fund (c)
8,569,841
100,010,039
Fidelity Series Overseas Fund (c)
7,709,541
99,992,743
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $587,763,499)
629,600,889
Bond Funds - 37.1%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
12,602,785
96,537,335
Fidelity Series Corporate Bond Fund (c)
10,176,429
94,844,321
Fidelity Series Emerging Markets Debt Fund (c)
1,398,983
10,842,119
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
378,282
3,544,503
Fidelity Series Floating Rate High Income Fund (c)
215,540
1,946,327
Fidelity Series Government Bond Index Fund (c)
15,022,487
138,958,004
Fidelity Series High Income Fund (c)
1,293,510
10,878,423
Fidelity Series International Developed Markets Bond Index Fund (c)
9,228,405
80,656,264
Fidelity Series Investment Grade Bond Fund (c)
13,961,556
141,011,720
Fidelity Series Investment Grade Securitized Fund (c)
10,500,413
94,713,723
Fidelity Series Long-Term Treasury Bond Index Fund (c)
18,946,195
111,024,703
Fidelity Series Real Estate Income Fund (c)
219,762
2,085,541
TOTAL BOND FUNDS
(Cost $871,630,976)
787,042,983
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
4,768,069
4,769,022
Fidelity Series Government Money Market Fund 5.43% (c)(e)
7,300,211
7,300,211
Fidelity Series Short-Term Credit Fund (c)
30,938
304,744
Fidelity Series Treasury Bill Index Fund (c)
1,885,641
18,743,271
TOTAL SHORT-TERM FUNDS
(Cost $31,121,718)
31,117,248
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $2,051,349,784)
2,120,723,982
NET OTHER ASSETS (LIABILITIES) - 0.0%
50,992
NET ASSETS - 100.0%
2,120,774,974
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
425
Mar 2024
47,978,516
1,515,168
1,515,168
CBOT 5-Year U.S. Treasury Note Contracts (United States)
677
Mar 2024
73,639,617
1,589,427
1,589,427
CBOT Long Term U.S. Treasury Bond Contracts (United States)
85
Mar 2024
10,619,688
772,516
772,516
TOTAL PURCHASED
3,877,111
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
74
Mar 2024
17,834,000
(592,097)
(592,097)
ICE MSCI EAFE Index Contracts (United States)
28
Mar 2024
3,153,360
(30,461)
(30,461)
ICE MSCI Emerging Markets Index Contracts (United States)
342
Mar 2024
17,676,270
(783,208)
(783,208)
TOTAL SOLD
(1,405,766)
TOTAL FUTURES CONTRACTS
2,471,345
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 $3,684,346.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
2,587,661
36,525,558
34,344,197
121,254
-
-
4,769,022
0.0%
Total
2,587,661
36,525,558
34,344,197
121,254
-
-
4,769,022
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
72,316,368
30,737,211
2,529,169
3,038,484
(82,406)
(3,904,669)
96,537,335
Fidelity Series Blue Chip Growth Fund
129,205,804
23,068,939
36,206,232
822,124
37,944
37,872,918
153,979,373
Fidelity Series Canada Fund
36,505,121
6,992,080
6,009,221
1,320,435
174,822
2,581,783
40,244,585
Fidelity Series Commodity Strategy Fund
12,466,941
3,508,811
1,420,917
600,588
(44,101)
(872,450)
13,638,284
Fidelity Series Corporate Bond Fund
77,385,493
20,083,414
4,531,067
2,710,286
(52,235)
1,958,716
94,844,321
Fidelity Series Emerging Markets Debt Fund
9,133,396
1,591,240
442,125
476,104
(5,942)
565,550
10,842,119
Fidelity Series Emerging Markets Debt Local Currency Fund
3,103,048
531,926
177,452
172,813
1,890
85,091
3,544,503
Fidelity Series Emerging Markets Fund
24,570,540
19,110,389
1,370,153
1,046,106
(17,868)
1,548,743
43,841,651
Fidelity Series Emerging Markets Opportunities Fund
163,562,489
14,056,102
12,090,069
4,800,781
(1,726,983)
10,864,718
174,666,257
Fidelity Series Floating Rate High Income Fund
1,730,003
346,116
162,566
138,976
650
32,124
1,946,327
Fidelity Series Government Bond Index Fund
114,577,447
31,040,473
5,633,680
2,692,244
(56,712)
(969,524)
138,958,004
Fidelity Series Government Money Market Fund 5.43%
5,189,520
4,410,304
2,299,613
243,633
-
-
7,300,211
Fidelity Series High Income Fund
9,250,817
1,690,857
365,487
489,270
(5,109)
307,345
10,878,423
Fidelity Series International Developed Markets Bond Index Fund
69,771,284
16,059,718
5,695,656
2,883,638
(168,577)
689,495
80,656,264
Fidelity Series International Growth Fund
84,734,395
15,718,207
8,288,932
1,274,201
(73,603)
7,899,693
99,989,760
Fidelity Series International Index Fund
35,136,501
5,991,814
5,541,159
1,050,126
(79,728)
2,304,750
37,812,178
Fidelity Series International Small Cap Fund
26,373,626
6,598,723
2,094,526
1,100,674
(67,956)
2,233,809
33,043,676
Fidelity Series International Value Fund
84,439,562
15,475,686
8,653,068
3,173,783
106,727
8,641,132
100,010,039
Fidelity Series Investment Grade Bond Fund
116,602,011
30,467,657
6,614,532
3,915,078
(166,421)
723,005
141,011,720
Fidelity Series Investment Grade Securitized Fund
80,373,786
18,734,946
4,568,933
2,590,762
(167,559)
341,483
94,713,723
Fidelity Series Large Cap Growth Index Fund
81,844,859
13,813,981
17,171,050
801,842
879,307
18,186,230
97,553,327
Fidelity Series Large Cap Stock Fund
89,638,159
15,855,783
11,955,839
5,248,264
387,549
9,502,274
103,427,926
Fidelity Series Large Cap Value Index Fund
167,253,293
29,211,836
22,651,009
7,383,569
(544,593)
10,992,380
184,261,907
Fidelity Series Long-Term Treasury Bond Index Fund
96,459,139
26,651,610
7,358,400
2,459,544
(784,392)
(3,943,254)
111,024,703
Fidelity Series Overseas Fund
84,652,261
15,309,862
7,378,010
1,622,155
83,362
7,325,268
99,992,743
Fidelity Series Real Estate Income Fund
3,121,325
483,744
1,530,801
143,863
(134,794)
146,067
2,085,541
Fidelity Series Short-Term Credit Fund
283,770
14,826
-
6,504
-
6,148
304,744
Fidelity Series Small Cap Core Fund
261,816
169,778
34,694
7,319
3,351
55,133
455,384
Fidelity Series Small Cap Opportunities Fund
40,979,379
7,801,945
7,104,338
478,698
479,613
5,705,515
47,862,114
Fidelity Series Treasury Bill Index Fund
13,067,348
8,553,009
2,864,295
592,974
(3,783)
(9,008)
18,743,271
Fidelity Series Value Discovery Fund
61,277,775
12,646,531
7,986,880
3,132,367
(172,198)
2,334,973
68,100,201
1,795,267,276
396,727,518
200,729,873
56,417,205
(2,199,745)
123,205,438
2,112,270,614
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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