U.S. Treasury Bills, yield at date of purchase 5.28% to 5.4% 1/25/24 to 3/21/24 (b)
(Cost $1,821,063)
1,830,000
1,821,390
Domestic Equity Funds - 49.6%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
7,949,650
124,173,535
Fidelity Series Commodity Strategy Fund (c)
75,226
6,968,218
Fidelity Series Large Cap Growth Index Fund (c)
4,070,979
77,959,241
Fidelity Series Large Cap Stock Fund (c)
4,262,111
83,281,649
Fidelity Series Large Cap Value Index Fund (c)
10,094,375
148,589,206
Fidelity Series Small Cap Core Fund (c)
32,556
366,258
Fidelity Series Small Cap Opportunities Fund (c)
2,855,489
39,691,291
Fidelity Series Value Discovery Fund (c)
3,656,382
54,406,969
TOTAL DOMESTIC EQUITY FUNDS
(Cost $469,746,877)
535,436,367
International Equity Funds - 41.6%
Shares
Value ($)
Fidelity Series Canada Fund (c)
2,060,451
30,268,029
Fidelity Series Emerging Markets Fund (c)
3,462,303
29,291,084
Fidelity Series Emerging Markets Opportunities Fund (c)
6,767,262
117,276,655
Fidelity Series International Growth Fund (c)
4,422,614
75,759,381
Fidelity Series International Index Fund (c)
2,417,233
28,426,661
Fidelity Series International Small Cap Fund (c)
993,454
16,848,975
Fidelity Series International Value Fund (c)
6,474,036
75,551,999
Fidelity Series Overseas Fund (c)
5,819,883
75,483,884
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $427,588,708)
448,906,668
Bond Funds - 7.2%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
115,800
887,027
Fidelity Series Corporate Bond Fund (c)
15,678
146,116
Fidelity Series Emerging Markets Debt Fund (c)
698,740
5,415,234
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
187,252
1,754,549
Fidelity Series Floating Rate High Income Fund (c)
108,017
975,389
Fidelity Series Government Bond Index Fund (c)
31,736
293,554
Fidelity Series High Income Fund (c)
654,462
5,504,028
Fidelity Series Investment Grade Bond Fund (c)
30,029
303,289
Fidelity Series Investment Grade Securitized Fund (c)
16,103
145,250
Fidelity Series Long-Term Treasury Bond Index Fund (c)
10,497,872
61,517,532
Fidelity Series Real Estate Income Fund (c)
111,160
1,054,905
TOTAL BOND FUNDS
(Cost $89,146,764)
77,996,873
Short-Term Funds - 1.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
2,180,790
2,181,226
Fidelity Series Government Money Market Fund 5.43% (c)(e)
3,715,999
3,715,999
Fidelity Series Short-Term Credit Fund (c)
18,824
185,421
Fidelity Series Treasury Bill Index Fund (c)
959,289
9,535,331
TOTAL SHORT-TERM FUNDS
(Cost $15,617,107)
15,617,977
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,003,920,519)
1,079,779,275
NET OTHER ASSETS (LIABILITIES) - 0.0%
11,980
NET ASSETS - 100.0%
1,079,791,255
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
216
Mar 2024
24,384,375
758,436
758,436
CBOT 5-Year U.S. Treasury Note Contracts (United States)
344
Mar 2024
37,418,063
794,730
794,730
CBOT Long Term U.S. Treasury Bond Contracts (United States)
43
Mar 2024
5,372,313
381,803
381,803
TOTAL PURCHASED
1,934,969
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
35
Mar 2024
8,435,000
(280,046)
(280,046)
ICE MSCI EAFE Index Contracts (United States)
7
Mar 2024
788,340
(4,421)
(4,421)
ICE MSCI Emerging Markets Index Contracts (United States)
150
Mar 2024
7,752,750
(342,335)
(342,335)
TOTAL SOLD
(626,802)
TOTAL FUTURES CONTRACTS
1,308,167
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 1.6%
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 $1,821,390.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
1,023,885
16,739,506
15,582,165
52,941
-
-
2,181,226
0.0%
Total
1,023,885
16,739,506
15,582,165
52,941
-
-
2,181,226
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
721,751
211,714
8,816
28,066
(469)
(37,153)
887,027
Fidelity Series Blue Chip Growth Fund
87,851,881
25,428,538
17,022,111
630,265
176,663
27,738,564
124,173,535
Fidelity Series Canada Fund
22,841,164
7,678,379
2,205,659
980,565
115,452
1,838,693
30,268,029
Fidelity Series Commodity Strategy Fund
5,521,530
2,456,943
566,659
288,940
(185,526)
(258,070)
6,968,218
Fidelity Series Corporate Bond Fund
27,060
114,507
1,899
2,197
(22)
6,470
146,116
Fidelity Series Emerging Markets Debt Fund
3,906,938
1,272,451
45,842
220,448
(522)
282,209
5,415,234
Fidelity Series Emerging Markets Debt Local Currency Fund
1,332,432
395,601
14,987
83,393
258
41,245
1,754,549
Fidelity Series Emerging Markets Fund
14,909,636
13,826,289
600,218
684,609
(121,050)
1,276,427
29,291,084
Fidelity Series Emerging Markets Opportunities Fund
92,717,330
21,648,456
2,633,122
3,189,504
(6,154)
5,550,145
117,276,655
Fidelity Series Floating Rate High Income Fund
749,888
247,008
36,400
64,728
686
14,207
975,389
Fidelity Series Government Bond Index Fund
74,035
217,636
2,781
3,658
(67)
4,731
293,554
Fidelity Series Government Money Market Fund 5.43%
2,213,510
2,688,636
1,186,147
113,636
-
-
3,715,999
Fidelity Series High Income Fund
3,944,131
1,451,820
47,605
230,156
381
155,301
5,504,028
Fidelity Series International Growth Fund
53,019,207
18,308,156
1,326,375
946,086
(70,461)
5,828,854
75,759,381
Fidelity Series International Index Fund
21,985,380
7,040,434
2,180,924
779,854
(25,276)
1,607,047
28,426,661
Fidelity Series International Small Cap Fund
16,455,494
4,176,891
4,379,243
553,157
(1,752,988)
2,348,821
16,848,975
Fidelity Series International Value Fund
52,881,024
19,732,667
3,170,983
2,357,369
30,957
6,078,334
75,551,999
Fidelity Series Investment Grade Bond Fund
76,501
221,848
3,290
5,384
(62)
8,292
303,289
Fidelity Series Investment Grade Securitized Fund
31,697
110,788
1,900
2,230
(48)
4,713
145,250
Fidelity Series Large Cap Growth Index Fund
55,649,158
15,294,232
7,037,498
617,271
139,518
13,913,831
77,959,241
Fidelity Series Large Cap Stock Fund
61,001,522
18,094,733
3,048,700
4,040,833
84,518
7,149,576
83,281,649
Fidelity Series Large Cap Value Index Fund
113,776,528
35,646,733
8,574,673
5,829,175
(253,691)
7,994,309
148,589,206
Fidelity Series Long-Term Treasury Bond Index Fund
45,433,607
19,594,337
1,521,591
1,253,798
(230,326)
(1,758,495)
61,517,532
Fidelity Series Overseas Fund
52,967,936
18,457,850
1,336,160
1,204,591
(19,105)
5,413,363
75,483,884
Fidelity Series Real Estate Income Fund
1,340,950
357,463
647,648
69,083
(23,329)
27,469
1,054,905
Fidelity Series Short-Term Credit Fund
169,187
12,499
-
3,954
-
3,735
185,421
Fidelity Series Small Cap Core Fund
173,493
162,713
14,970
5,678
854
44,168
366,258
Fidelity Series Small Cap Opportunities Fund
27,916,041
9,162,125
2,167,670
368,762
(121,293)
4,902,088
39,691,291
Fidelity Series Treasury Bill Index Fund
5,665,082
5,195,246
1,319,685
277,533
(2,460)
(2,852)
9,535,331
Fidelity Series Value Discovery Fund
41,718,257
14,964,574
3,790,561
2,473,119
(159,870)
1,674,569
54,406,969
787,072,350
264,171,267
64,894,117
27,308,042
(2,423,432)
91,850,591
1,075,776,659
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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