U.S. Treasury Bills, yield at date of purchase 5.29% to 5.4% 1/25/24 to 3/28/24 (b)
(Cost $3,663,465)
3,680,000
3,664,111
Domestic Equity Funds - 46.8%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
14,756,691
230,499,508
Fidelity Series Commodity Strategy Fund (c)
150,726
13,961,737
Fidelity Series Large Cap Growth Index Fund (c)
7,581,784
145,191,166
Fidelity Series Large Cap Stock Fund (c)
7,923,320
154,821,673
Fidelity Series Large Cap Value Index Fund (c)
18,738,077
275,824,490
Fidelity Series Small Cap Core Fund (c)
60,461
680,185
Fidelity Series Small Cap Opportunities Fund (c)
5,245,724
72,915,559
Fidelity Series Value Discovery Fund (c)
6,810,592
101,341,603
TOTAL DOMESTIC EQUITY FUNDS
(Cost $853,127,437)
995,235,921
International Equity Funds - 39.7%
Shares
Value ($)
Fidelity Series Canada Fund (c)
3,842,061
56,439,882
Fidelity Series Emerging Markets Fund (c)
6,554,842
55,453,963
Fidelity Series Emerging Markets Opportunities Fund (c)
12,863,720
222,928,275
Fidelity Series International Growth Fund (c)
8,264,310
141,567,625
Fidelity Series International Index Fund (c)
4,511,406
53,054,139
Fidelity Series International Small Cap Fund (c)
1,971,492
33,436,507
Fidelity Series International Value Fund (c)
12,087,325
141,059,079
Fidelity Series Overseas Fund (c)
10,908,308
141,480,752
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $802,262,352)
845,420,222
Bond Funds - 11.8%
Shares
Value ($)
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
225,837
1,729,908
Fidelity Series Corporate Bond Fund (c)
1,814,483
16,910,978
Fidelity Series Emerging Markets Debt Fund (c)
1,380,228
10,696,768
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
370,118
3,468,009
Fidelity Series Floating Rate High Income Fund (c)
213,044
1,923,788
Fidelity Series Government Bond Index Fund (c)
2,698,309
24,959,355
Fidelity Series High Income Fund (c)
1,293,484
10,878,197
Fidelity Series International Developed Markets Bond Index Fund (c)
1,870,299
16,346,410
Fidelity Series Investment Grade Bond Fund (c)
2,508,122
25,332,027
Fidelity Series Investment Grade Securitized Fund (c)
1,872,124
16,886,559
Fidelity Series Long-Term Treasury Bond Index Fund (c)
20,686,467
121,222,699
Fidelity Series Real Estate Income Fund (c)
219,229
2,080,482
TOTAL BOND FUNDS
(Cost $279,100,796)
252,435,180
Short-Term Funds - 1.5%
Shares
Value ($)
Fidelity Cash Central Fund 5.40% (d)
4,559,187
4,560,099
Fidelity Series Government Money Market Fund 5.43% (c)(e)
7,475,636
7,475,636
Fidelity Series Short-Term Credit Fund (c)
29,250
288,111
Fidelity Series Treasury Bill Index Fund (c)
1,906,479
18,950,398
TOTAL SHORT-TERM FUNDS
(Cost $31,277,583)
31,274,244
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,969,431,633)
2,128,029,678
NET OTHER ASSETS (LIABILITIES) - 0.0%
47,697
NET ASSETS - 100.0%
2,128,077,375
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
426
Mar 2024
48,091,406
1,508,141
1,508,141
CBOT 5-Year U.S. Treasury Note Contracts (United States)
679
Mar 2024
73,857,164
1,580,295
1,580,295
CBOT Long Term U.S. Treasury Bond Contracts (United States)
85
Mar 2024
10,619,688
772,858
772,858
TOTAL PURCHASED
3,861,294
Sold
Equity Index Contracts
CME Micro E-mini S&P 500 Index Contracts (United States)
72
Mar 2024
17,352,000
(576,094)
(576,094)
ICE MSCI EAFE Index Contracts (United States)
18
Mar 2024
2,027,160
(419)
(419)
ICE MSCI Emerging Markets Index Contracts (United States)
313
Mar 2024
16,177,405
(714,338)
(714,338)
TOTAL SOLD
(1,290,851)
TOTAL FUTURES CONTRACTS
2,570,443
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 $3,664,111.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
2,384,560
34,856,484
32,680,945
113,486
-
-
4,560,099
0.0%
Total
2,384,560
34,856,484
32,680,945
113,486
-
-
4,560,099
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
1,527,552
315,887
34,800
55,080
(942)
(77,789)
1,729,908
Fidelity Series Blue Chip Growth Fund
179,758,391
38,030,137
41,909,266
1,209,630
(1,847,383)
56,467,629
230,499,508
Fidelity Series Canada Fund
47,013,193
11,263,040
5,623,648
1,854,284
181,379
3,605,918
56,439,882
Fidelity Series Commodity Strategy Fund
11,723,132
4,439,790
1,305,694
588,662
(125,113)
(770,378)
13,961,737
Fidelity Series Corporate Bond Fund
8,036,114
8,631,909
221,592
376,359
(3,376)
467,923
16,910,978
Fidelity Series Emerging Markets Debt Fund
8,299,640
2,019,334
180,961
453,309
(4,034)
562,789
10,696,768
Fidelity Series Emerging Markets Debt Local Currency Fund
2,831,391
611,565
59,160
168,191
381
83,832
3,468,009
Fidelity Series Emerging Markets Fund
28,951,491
25,197,109
620,724
1,315,484
(72,073)
1,998,160
55,453,963
Fidelity Series Emerging Markets Opportunities Fund
194,380,858
26,196,531
8,837,000
6,113,703
(1,340,368)
12,528,254
222,928,275
Fidelity Series Floating Rate High Income Fund
1,591,069
393,328
91,403
132,694
1,245
29,549
1,923,788
Fidelity Series Government Bond Index Fund
11,925,306
13,270,072
326,203
377,046
(11,973)
102,153
24,959,355
Fidelity Series Government Money Market Fund 5.43%
4,919,665
4,833,586
2,277,615
236,691
-
-
7,475,636
Fidelity Series High Income Fund
8,370,268
2,388,487
188,273
473,373
2,195
305,520
10,878,197
Fidelity Series International Developed Markets Bond Index Fund
8,095,049
8,280,404
237,824
484,507
(8,061)
216,842
16,346,410
Fidelity Series International Growth Fund
109,126,275
26,695,481
5,195,665
1,789,394
(264,241)
11,205,775
141,567,625
Fidelity Series International Index Fund
45,250,122
10,058,482
5,300,892
1,474,833
(66,328)
3,112,755
53,054,139
Fidelity Series International Small Cap Fund
33,878,663
6,194,389
7,872,684
1,097,246
(2,972,835)
4,208,974
33,436,507
Fidelity Series International Value Fund
108,830,785
28,351,814
8,060,669
4,457,538
69,612
11,867,537
141,059,079
Fidelity Series Investment Grade Bond Fund
12,193,771
13,131,489
330,069
546,410
(8,931)
345,767
25,332,027
Fidelity Series Investment Grade Securitized Fund
8,297,954
8,596,209
222,605
360,621
(9,036)
224,037
16,886,559
Fidelity Series Large Cap Growth Index Fund
113,866,817
22,917,861
19,100,571
1,177,116
359,845
27,147,214
145,191,166
Fidelity Series Large Cap Stock Fund
124,887,114
26,149,333
10,398,624
7,736,217
330,447
13,853,403
154,821,673
Fidelity Series Large Cap Value Index Fund
232,868,976
51,097,036
23,154,539
10,956,020
(668,010)
15,681,027
275,824,490
Fidelity Series Long-Term Treasury Bond Index Fund
96,445,228
33,425,253
4,058,496
2,575,939
(275,140)
(4,314,146)
121,222,699
Fidelity Series Overseas Fund
109,019,237
27,035,194
4,876,413
2,278,130
181,355
10,121,379
141,480,752
Fidelity Series Real Estate Income Fund
2,793,728
611,057
1,317,160
145,993
(139,915)
132,772
2,080,482
Fidelity Series Short-Term Credit Fund
261,053
21,259
-
6,145
-
5,799
288,111
Fidelity Series Small Cap Core Fund
361,217
281,813
52,168
10,922
4,891
84,432
680,185
Fidelity Series Small Cap Opportunities Fund
57,192,685
13,100,004
6,454,553
705,205
65,703
9,011,720
72,915,559
Fidelity Series Treasury Bill Index Fund
12,245,376
9,384,280
2,667,348
576,213
(4,105)
(7,805)
18,950,398
Fidelity Series Value Discovery Fund
85,430,871
22,266,080
9,386,286
4,647,890
(395,399)
3,426,337
101,341,603
1,670,372,991
445,188,213
170,362,905
54,380,845
(7,020,210)
181,627,379
2,119,805,468
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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