U.S. Treasury Bills, yield at date of purchase 5.31% to 5.38% 1/25/24 to 3/14/24 (b)
(Cost $159,210)
160,000
159,240
Domestic Equity Funds - 12.0%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
134,692
2,103,888
Fidelity Series Commodity Strategy Fund (c)
5,557
514,700
Fidelity Series Large Cap Growth Index Fund (c)
69,795
1,336,583
Fidelity Series Large Cap Stock Fund (c)
72,325
1,413,235
Fidelity Series Large Cap Value Index Fund (c)
171,042
2,517,745
Fidelity Series Small Cap Core Fund (c)
549
6,176
Fidelity Series Small Cap Opportunities Fund (c)
46,018
639,649
Fidelity Series Value Discovery Fund (c)
62,609
931,616
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,624,237)
9,463,592
International Equity Funds - 16.7%
Shares
Value ($)
Fidelity Series Canada Fund (c)
47,959
704,521
Fidelity Series Emerging Markets Fund (c)
126,252
1,068,094
Fidelity Series Emerging Markets Opportunities Fund (c)
243,603
4,221,637
Fidelity Series International Growth Fund (c)
102,017
1,747,548
Fidelity Series International Index Fund (c)
56,306
662,159
Fidelity Series International Small Cap Fund (c)
70,468
1,195,130
Fidelity Series International Value Fund (c)
149,890
1,749,214
Fidelity Series Overseas Fund (c)
134,741
1,747,589
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $11,573,691)
13,095,892
Bond Funds - 62.0%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
1,208,470
11,444,208
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
263,431
2,017,878
Fidelity Series Corporate Bond Fund (c)
610,762
5,692,301
Fidelity Series Emerging Markets Debt Fund (c)
53,002
410,765
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
14,498
135,843
Fidelity Series Floating Rate High Income Fund (c)
8,271
74,687
Fidelity Series Government Bond Index Fund (c)
897,784
8,304,505
Fidelity Series High Income Fund (c)
50,210
422,270
Fidelity Series International Developed Markets Bond Index Fund (c)
352,488
3,080,743
Fidelity Series Investment Grade Bond Fund (c)
834,392
8,427,362
Fidelity Series Investment Grade Securitized Fund (c)
628,984
5,673,438
Fidelity Series Long-Term Treasury Bond Index Fund (c)
526,169
3,083,352
Fidelity Series Real Estate Income Fund (c)
8,169
77,524
TOTAL BOND FUNDS
(Cost $54,576,679)
48,844,876
Short-Term Funds - 9.1%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
184,213
184,250
Fidelity Series Government Money Market Fund 5.43% (c)(e)
1,430,778
1,430,778
Fidelity Series Short-Term Credit Fund (c)
112,512
1,108,247
Fidelity Series Treasury Bill Index Fund (c)
449,010
4,463,164
TOTAL SHORT-TERM FUNDS
(Cost $7,209,268)
7,186,439
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $81,143,085)
78,750,039
NET OTHER ASSETS (LIABILITIES) - 0.0%
1,529
NET ASSETS - 100.0%
78,751,568
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
16
Mar 2024
1,806,250
58,462
58,462
CBOT 5-Year U.S. Treasury Note Contracts (United States)
25
Mar 2024
2,719,336
60,556
60,556
CBOT Long Term U.S. Treasury Bond Contracts (United States)
3
Mar 2024
374,813
27,181
27,181
TOTAL PURCHASED
146,199
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
3
Mar 2024
723,000
(24,004)
(24,004)
ICE MSCI EAFE Index Contracts (United States)
1
Mar 2024
112,620
(4,282)
(4,282)
ICE MSCI Emerging Markets Index Contracts (United States)
14
Mar 2024
723,590
(32,044)
(32,044)
TOTAL SOLD
(60,330)
TOTAL FUTURES CONTRACTS
85,869
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 1.9%
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 $159,240.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
146,889
746,963
709,602
4,932
-
-
184,250
0.0%
Total
146,889
746,963
709,602
4,932
-
-
184,250
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
10,830,257
2,595,792
1,957,723
273,784
(6,345)
(17,773)
11,444,208
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
2,355,654
250,420
472,363
65,970
(81,634)
(34,199)
2,017,878
Fidelity Series Blue Chip Growth Fund
2,203,683
308,824
993,130
11,953
(22,720)
607,231
2,103,888
Fidelity Series Canada Fund
844,148
118,617
310,320
23,660
30,436
21,640
704,521
Fidelity Series Commodity Strategy Fund
544,278
120,087
114,827
23,633
(67,506)
32,668
514,700
Fidelity Series Corporate Bond Fund
5,538,976
860,109
811,229
176,063
(1,737)
106,182
5,692,301
Fidelity Series Emerging Markets Debt Fund
403,157
56,710
70,681
19,291
(6,184)
27,763
410,765
Fidelity Series Emerging Markets Debt Local Currency Fund
136,615
19,192
23,635
6,661
(1,664)
5,335
135,843
Fidelity Series Emerging Markets Fund
826,816
313,853
111,002
25,670
1,339
37,088
1,068,094
Fidelity Series Emerging Markets Opportunities Fund
4,631,105
467,617
1,124,023
118,495
(126,563)
373,501
4,221,637
Fidelity Series Floating Rate High Income Fund
73,641
12,279
12,557
5,510
(58)
1,382
74,687
Fidelity Series Government Bond Index Fund
8,187,854
1,366,710
1,158,378
174,737
(8,367)
(83,314)
8,304,505
Fidelity Series Government Money Market Fund 5.43%
1,374,500
363,816
307,538
55,732
-
-
1,430,778
Fidelity Series High Income Fund
414,948
56,674
60,914
20,124
(1,863)
13,425
422,270
Fidelity Series International Developed Markets Bond Index Fund
3,145,889
422,295
501,093
117,973
(14,088)
27,740
3,080,743
Fidelity Series International Growth Fund
1,959,325
260,911
611,638
22,833
(7,282)
146,232
1,747,548
Fidelity Series International Index Fund
812,485
105,772
297,836
18,815
16,742
24,996
662,159
Fidelity Series International Small Cap Fund
609,521
709,996
259,174
42,609
6,629
128,158
1,195,130
Fidelity Series International Value Fund
1,948,995
240,935
612,032
56,847
51,403
119,913
1,749,214
Fidelity Series Investment Grade Bond Fund
8,340,555
1,269,412
1,193,197
254,395
(15,632)
26,224
8,427,362
Fidelity Series Investment Grade Securitized Fund
5,742,093
772,146
834,388
168,207
(38,545)
32,132
5,673,438
Fidelity Series Large Cap Growth Index Fund
1,395,920
174,352
526,388
11,635
141,223
151,476
1,336,583
Fidelity Series Large Cap Stock Fund
1,524,607
207,722
473,766
75,467
55,967
98,705
1,413,235
Fidelity Series Large Cap Value Index Fund
2,848,340
369,982
863,225
103,600
58,709
103,939
2,517,745
Fidelity Series Long-Term Treasury Bond Index Fund
3,176,596
705,373
641,256
73,711
(80,827)
(76,534)
3,083,352
Fidelity Series Overseas Fund
1,957,510
247,090
591,456
29,065
12,560
121,885
1,747,589
Fidelity Series Real Estate Income Fund
132,602
22,598
78,674
5,515
(5,302)
6,300
77,524
Fidelity Series Short-Term Credit Fund
1,138,601
141,648
194,532
24,366
(2,244)
24,774
1,108,247
Fidelity Series Small Cap Core Fund
5,071
1,503
1,214
106
129
687
6,176
Fidelity Series Small Cap Opportunities Fund
694,744
102,228
247,172
6,899
(3,149)
92,998
639,649
Fidelity Series Treasury Bill Index Fund
4,005,644
1,278,097
816,373
160,382
(870)
(3,334)
4,463,164
Fidelity Series Value Discovery Fund
1,040,899
140,523
285,882
43,950
18,320
17,756
931,616
78,845,029
14,083,283
16,557,616
2,217,658
(99,123)
2,134,976
78,406,549
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.
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