U.S. Treasury Bills, yield at date of purchase 5.27% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $3,992,434)
4,010,000
3,993,121
Domestic Equity Funds - 38.5%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
13,098,935
204,605,364
Fidelity Series Commodity Strategy Fund (c)
160,754
14,890,655
Fidelity Series Large Cap Growth Index Fund (c)
6,762,912
129,509,763
Fidelity Series Large Cap Stock Fund (c)
7,033,334
137,431,355
Fidelity Series Large Cap Value Index Fund (c)
16,633,381
244,843,365
Fidelity Series Small Cap Core Fund (c)
53,710
604,238
Fidelity Series Small Cap Opportunities Fund (c)
4,580,069
63,662,955
Fidelity Series Value Discovery Fund (c)
6,075,708
90,406,529
TOTAL DOMESTIC EQUITY FUNDS
(Cost $749,773,080)
885,954,224
International Equity Funds - 34.3%
Shares
Value ($)
Fidelity Series Canada Fund (c)
3,524,831
51,779,768
Fidelity Series Emerging Markets Fund (c)
6,322,615
53,489,320
Fidelity Series Emerging Markets Opportunities Fund (c)
12,309,206
213,318,539
Fidelity Series International Growth Fund (c)
7,521,848
128,849,259
Fidelity Series International Index Fund (c)
4,136,684
48,647,406
Fidelity Series International Small Cap Fund (c)
2,119,871
35,953,021
Fidelity Series International Value Fund (c)
11,036,591
128,797,021
Fidelity Series Overseas Fund (c)
9,934,704
128,853,107
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $746,630,926)
789,687,441
Bond Funds - 25.6%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
1,254,087
9,606,309
Fidelity Series Corporate Bond Fund (c)
7,593,548
70,771,865
Fidelity Series Emerging Markets Debt Fund (c)
1,501,198
11,634,281
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
407,614
3,819,346
Fidelity Series Floating Rate High Income Fund (c)
232,287
2,097,553
Fidelity Series Government Bond Index Fund (c)
11,218,301
103,769,283
Fidelity Series High Income Fund (c)
1,403,957
11,807,282
Fidelity Series International Developed Markets Bond Index Fund (c)
7,659,585
66,944,772
Fidelity Series Investment Grade Bond Fund (c)
10,426,036
105,302,967
Fidelity Series Investment Grade Securitized Fund (c)
7,835,209
70,673,588
Fidelity Series Long-Term Treasury Bond Index Fund (c)
22,213,569
130,171,516
Fidelity Series Real Estate Income Fund (c)
237,801
2,256,729
TOTAL BOND FUNDS
(Cost $641,437,920)
588,855,491
Short-Term Funds - 1.4%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
5,117,875
5,118,899
Fidelity Series Government Money Market Fund 5.43% (c)(e)
7,951,847
7,951,847
Fidelity Series Short-Term Credit Fund (c)
37,167
366,097
Fidelity Series Treasury Bill Index Fund (c)
2,048,834
20,365,411
TOTAL SHORT-TERM FUNDS
(Cost $33,802,038)
33,802,254
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $2,175,636,398)
2,302,292,531
NET OTHER ASSETS (LIABILITIES) - 0.0%
54,313
NET ASSETS - 100.0%
2,302,346,844
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
461
Mar 2024
52,042,578
1,636,027
1,636,027
CBOT 5-Year U.S. Treasury Note Contracts (United States)
734
Mar 2024
79,839,703
1,715,874
1,715,874
CBOT Long Term U.S. Treasury Bond Contracts (United States)
92
Mar 2024
11,494,250
835,938
835,938
TOTAL PURCHASED
4,187,839
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
79
Mar 2024
19,039,000
(632,103)
(632,103)
ICE MSCI EAFE Index Contracts (United States)
31
Mar 2024
3,491,220
(43,306)
(43,306)
ICE MSCI Emerging Markets Index Contracts (United States)
366
Mar 2024
18,916,710
(837,423)
(837,423)
TOTAL SOLD
(1,512,832)
TOTAL FUTURES CONTRACTS
2,675,007
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 $3,993,121.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
2,601,422
38,393,713
35,876,236
127,584
-
-
5,118,899
0.0%
Total
2,601,422
38,393,713
35,876,236
127,584
-
-
5,118,899
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
1,724,965
8,007,217
126,386
274,916
(11,916)
12,429
9,606,309
Fidelity Series Blue Chip Growth Fund
167,435,241
31,611,435
44,269,187
1,084,759
(102,044)
49,929,919
204,605,364
Fidelity Series Canada Fund
45,220,297
9,298,105
6,250,150
1,695,951
257,429
3,254,087
51,779,768
Fidelity Series Commodity Strategy Fund
12,998,962
4,312,016
1,440,240
642,786
(150,263)
(829,820)
14,890,655
Fidelity Series Corporate Bond Fund
50,148,289
20,236,016
1,176,273
1,891,299
(13,148)
1,576,981
70,771,865
Fidelity Series Emerging Markets Debt Fund
9,410,667
1,842,431
226,236
499,685
144
607,275
11,634,281
Fidelity Series Emerging Markets Debt Local Currency Fund
3,210,205
615,636
99,514
185,764
(2,037)
95,056
3,819,346
Fidelity Series Emerging Markets Fund
28,845,301
24,397,347
1,597,647
1,272,702
(49,938)
1,894,257
53,489,320
Fidelity Series Emerging Markets Opportunities Fund
193,665,695
19,560,901
10,913,996
5,846,618
(1,553,356)
12,559,295
213,318,539
Fidelity Series Floating Rate High Income Fund
1,790,476
394,142
121,337
146,886
780
33,492
2,097,553
Fidelity Series Government Bond Index Fund
73,862,647
32,034,079
1,674,661
1,877,794
(23,045)
(429,737)
103,769,283
Fidelity Series Government Money Market Fund 5.43%
5,452,580
4,344,599
1,845,332
255,092
-
-
7,951,847
Fidelity Series High Income Fund
9,496,626
2,214,939
234,938
520,663
2,126
328,529
11,807,282
Fidelity Series International Developed Markets Bond Index Fund
49,453,315
19,247,537
2,346,101
2,245,101
(81,684)
671,705
66,944,772
Fidelity Series International Growth Fund
104,964,664
20,989,442
7,201,580
1,636,585
(37,126)
10,133,859
128,849,259
Fidelity Series International Index Fund
43,524,309
7,960,226
5,667,910
1,348,789
(97,279)
2,928,060
48,647,406
Fidelity Series International Small Cap Fund
32,713,973
5,431,971
4,118,837
1,208,998
(851,756)
2,777,670
35,953,021
Fidelity Series International Value Fund
104,553,569
22,386,821
9,229,559
4,076,732
137,697
10,948,493
128,797,021
Fidelity Series Investment Grade Bond Fund
75,512,003
30,874,725
1,760,642
2,730,613
(28,324)
705,205
105,302,967
Fidelity Series Investment Grade Securitized Fund
51,722,250
19,756,430
1,142,607
1,807,717
(22,842)
360,357
70,673,588
Fidelity Series Large Cap Growth Index Fund
106,060,737
18,815,778
20,434,786
1,057,858
925,647
24,142,387
129,509,763
Fidelity Series Large Cap Stock Fund
116,270,170
21,670,909
13,478,748
6,942,835
383,365
12,585,659
137,431,355
Fidelity Series Large Cap Value Index Fund
216,849,086
41,139,472
26,881,946
9,774,872
(984,981)
14,721,734
244,843,365
Fidelity Series Long-Term Treasury Bond Index Fund
107,873,372
34,158,584
6,722,357
2,823,609
(1,008,172)
(4,129,911)
130,171,516
Fidelity Series Overseas Fund
104,861,267
20,913,807
6,414,587
2,083,534
212,143
9,280,477
128,853,107
Fidelity Series Real Estate Income Fund
3,206,212
571,004
1,523,372
158,061
(133,550)
136,435
2,256,729
Fidelity Series Short-Term Credit Fund
335,118
23,606
-
7,811
-
7,373
366,097
Fidelity Series Small Cap Core Fund
334,388
236,582
44,604
9,688
4,091
73,781
604,238
Fidelity Series Small Cap Opportunities Fund
53,216,560
10,628,689
8,302,432
631,930
(278,407)
8,398,545
63,662,955
Fidelity Series Treasury Bill Index Fund
13,646,894
10,309,933
3,579,309
633,729
(5,989)
(6,118)
20,365,411
Fidelity Series Value Discovery Fund
79,518,459
17,936,131
9,871,000
4,146,840
(411,859)
3,234,798
90,406,529
1,867,878,297
461,920,510
198,696,274
59,520,217
(3,924,294)
166,002,272
2,293,180,511
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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