U.S. Treasury Bills, yield at date of purchase 5.35% to 5.38% 1/25/24 to 2/8/24 (b)
(Cost $169,357)
170,000
169,386
Domestic Equity Funds - 7.0%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
90,658
1,416,078
Fidelity Series Commodity Strategy Fund (c)
6,713
621,845
Fidelity Series Large Cap Growth Index Fund (c)
46,978
899,620
Fidelity Series Large Cap Stock Fund (c)
48,681
951,234
Fidelity Series Large Cap Value Index Fund (c)
115,127
1,694,663
Fidelity Series Small Cap Core Fund (c)
372
4,182
Fidelity Series Small Cap Opportunities Fund (c)
30,857
428,911
Fidelity Series Value Discovery Fund (c)
42,143
627,088
TOTAL DOMESTIC EQUITY FUNDS
(Cost $5,729,530)
6,643,621
International Equity Funds - 13.2%
Shares
Value ($)
Fidelity Series Canada Fund (c)
41,047
602,977
Fidelity Series Emerging Markets Fund (c)
130,527
1,104,259
Fidelity Series Emerging Markets Opportunities Fund (c)
249,205
4,318,714
Fidelity Series International Growth Fund (c)
87,298
1,495,419
Fidelity Series International Index Fund (c)
48,182
566,624
Fidelity Series International Small Cap Fund (c)
83,500
1,416,153
Fidelity Series International Value Fund (c)
128,264
1,496,842
Fidelity Series Overseas Fund (c)
115,301
1,495,456
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $11,317,863)
12,496,444
Bond Funds - 68.2%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
1,977,500
18,726,921
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
10,659
81,649
Fidelity Series Corporate Bond Fund (c)
803,969
7,492,990
Fidelity Series Emerging Markets Debt Fund (c)
63,611
492,987
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
17,399
163,027
Fidelity Series Floating Rate High Income Fund (c)
10,017
90,449
Fidelity Series Government Bond Index Fund (c)
1,184,586
10,957,418
Fidelity Series High Income Fund (c)
60,726
510,709
Fidelity Series International Developed Markets Bond Index Fund (c)
427,274
3,734,372
Fidelity Series Investment Grade Bond Fund (c)
1,100,910
11,119,190
Fidelity Series Investment Grade Securitized Fund (c)
829,579
7,482,806
Fidelity Series Long-Term Treasury Bond Index Fund (c)
596,138
3,493,368
Fidelity Series Real Estate Income Fund (c)
9,893
93,881
TOTAL BOND FUNDS
(Cost $70,521,776)
64,439,767
Short-Term Funds - 11.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
230,622
230,668
Fidelity Series Government Money Market Fund 5.43% (c)(e)
2,055,295
2,055,295
Fidelity Series Short-Term Credit Fund (c)
198,038
1,950,676
Fidelity Series Treasury Bill Index Fund (c)
661,370
6,574,021
TOTAL SHORT-TERM FUNDS
(Cost $10,836,570)
10,810,660
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $98,575,096)
94,559,878
NET OTHER ASSETS (LIABILITIES) - 0.0%
10,463
NET ASSETS - 100.0%
94,570,341
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
19
Mar 2024
2,144,922
69,423
69,423
CBOT 5-Year U.S. Treasury Note Contracts (United States)
30
Mar 2024
3,263,203
72,642
72,642
CBOT Long Term U.S. Treasury Bond Contracts (United States)
4
Mar 2024
499,750
36,241
36,241
TOTAL PURCHASED
178,306
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 Emerging Markets Index Contracts (United States)
16
Mar 2024
826,960
(36,611)
(36,611)
TOTAL SOLD
(60,615)
TOTAL FUTURES CONTRACTS
117,691
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 $169,386.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
131,410
949,046
849,788
5,502
-
-
230,668
0.0%
Total
131,410
949,046
849,788
5,502
-
-
230,668
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
18,720,151
4,636,541
4,586,949
464,013
(21,879)
(20,943)
18,726,921
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
86,953
19,500
20,536
2,689
(801)
(3,467)
81,649
Fidelity Series Blue Chip Growth Fund
1,370,671
330,396
670,209
7,909
(12,226)
397,446
1,416,078
Fidelity Series Canada Fund
729,589
149,615
319,580
20,566
161
43,192
602,977
Fidelity Series Commodity Strategy Fund
654,798
198,164
185,564
28,622
(802)
(44,751)
621,845
Fidelity Series Corporate Bond Fund
7,327,940
1,550,776
1,537,704
235,570
(1,023)
153,001
7,492,990
Fidelity Series Emerging Markets Debt Fund
479,378
111,055
124,232
23,353
(1,084)
27,870
492,987
Fidelity Series Emerging Markets Debt Local Currency Fund
162,402
37,341
41,211
8,240
(603)
5,098
163,027
Fidelity Series Emerging Markets Fund
870,810
496,457
310,728
26,975
(7,144)
54,864
1,104,259
Fidelity Series Emerging Markets Opportunities Fund
4,604,380
777,480
1,311,370
124,541
(236,479)
484,703
4,318,714
Fidelity Series Floating Rate High Income Fund
88,790
22,978
22,929
6,770
121
1,489
90,449
Fidelity Series Government Bond Index Fund
10,815,552
2,498,735
2,249,487
233,707
(3,092)
(104,290)
10,957,418
Fidelity Series Government Money Market Fund 5.43%
2,109,137
524,026
577,868
83,295
-
-
2,055,295
Fidelity Series High Income Fund
497,430
115,393
116,486
24,606
(531)
14,903
510,709
Fidelity Series International Developed Markets Bond Index Fund
3,740,617
805,188
835,106
143,706
(13,225)
36,898
3,734,372
Fidelity Series International Growth Fund
1,695,258
350,744
668,749
19,848
(63,182)
181,348
1,495,419
Fidelity Series International Index Fund
697,661
135,994
301,323
16,355
(16,545)
50,837
566,624
Fidelity Series International Small Cap Fund
526,178
1,067,208
361,638
52,554
(43,639)
228,044
1,416,153
Fidelity Series International Value Fund
1,661,627
365,542
675,958
49,403
(2,888)
148,519
1,496,842
Fidelity Series Investment Grade Bond Fund
11,028,489
2,406,401
2,347,182
340,296
(22,006)
53,488
11,119,190
Fidelity Series Investment Grade Securitized Fund
7,584,776
1,564,476
1,670,124
225,052
(48,742)
52,420
7,482,806
Fidelity Series Large Cap Growth Index Fund
868,245
194,771
356,864
7,828
18,938
174,530
899,620
Fidelity Series Large Cap Stock Fund
938,461
229,215
318,183
50,022
17,130
84,611
951,234
Fidelity Series Large Cap Value Index Fund
1,761,829
424,362
598,776
70,634
9,845
97,403
1,694,663
Fidelity Series Long-Term Treasury Bond Index Fund
3,529,435
1,034,633
909,599
83,844
(86,877)
(74,224)
3,493,368
Fidelity Series Overseas Fund
1,693,652
340,737
652,570
25,264
(20,128)
133,765
1,495,456
Fidelity Series Real Estate Income Fund
162,929
35,317
104,806
6,944
(5,691)
6,132
93,881
Fidelity Series Short-Term Credit Fund
1,949,858
418,544
458,368
42,926
(4,814)
45,456
1,950,676
Fidelity Series Small Cap Core Fund
2,932
1,608
905
71
71
476
4,182
Fidelity Series Small Cap Opportunities Fund
422,272
118,832
173,460
4,594
1,909
59,358
428,911
Fidelity Series Treasury Bill Index Fund
6,271,904
1,950,049
1,641,214
248,411
(2,334)
(4,384)
6,574,021
Fidelity Series Value Discovery Fund
637,603
165,875
198,962
29,961
(2,467)
25,039
627,088
93,691,707
23,077,953
24,348,640
2,708,569
(570,027)
2,308,831
94,159,824
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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