U.S. Treasury Bills, yield at date of purchase 5.33% 7/25/24 (b)
(Cost $4,304,850)
4,320,000
4,304,923
Domestic Equity Funds - 34.6%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (c)
8,057,601
154,625,354
Fidelity Advisor Series Growth Opportunities Fund (c)
6,814,864
109,242,267
Fidelity Advisor Series Small Cap Fund (c)
3,986,479
51,664,769
Fidelity Series All-Sector Equity Fund (c)
4,200,263
51,705,238
Fidelity Series Commodity Strategy Fund (c)
264,478
25,725,785
Fidelity Series Large Cap Stock Fund (c)
9,031,281
207,177,575
Fidelity Series Large Cap Value Index Fund (c)
1,306,301
20,469,729
Fidelity Series Opportunistic Insights Fund (c)
5,208,579
124,432,948
Fidelity Series Small Cap Core Fund (c)
522,759
6,022,188
Fidelity Series Small Cap Opportunities Fund (c)
4,439,734
66,329,625
Fidelity Series Stock Selector Large Cap Value Fund (c)
8,796,837
120,692,607
Fidelity Series Value Discovery Fund (c)
8,077,968
123,592,907
TOTAL DOMESTIC EQUITY FUNDS
(Cost $670,214,135)
1,061,680,992
International Equity Funds - 29.3%
Shares
Value ($)
Fidelity Series Canada Fund (c)
3,738,921
56,420,324
Fidelity Series Emerging Markets Fund (c)
6,681,091
61,532,847
Fidelity Series Emerging Markets Opportunities Fund (c)
13,078,176
246,000,498
Fidelity Series International Growth Fund (c)
8,927,038
163,543,330
Fidelity Series International Small Cap Fund (c)
2,588,361
44,131,558
Fidelity Series International Value Fund (c)
13,045,758
164,898,383
Fidelity Series Overseas Fund (c)
11,642,587
163,811,203
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $639,303,833)
900,338,143
Bond Funds - 35.9%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
72,448
701,299
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
20,116,151
153,486,232
Fidelity Series Emerging Markets Debt Fund (c)
1,966,876
15,361,304
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
526,222
4,657,065
Fidelity Series Floating Rate High Income Fund (c)
300,680
2,700,111
Fidelity Series High Income Fund (c)
1,832,742
15,431,691
Fidelity Series International Credit Fund (c)
204,442
1,658,026
Fidelity Series International Developed Markets Bond Index Fund (c)
13,724,420
117,343,790
Fidelity Series Investment Grade Bond Fund (c)
66,645,493
658,457,468
Fidelity Series Long-Term Treasury Bond Index Fund (c)
23,934,920
131,402,710
Fidelity Series Real Estate Income Fund (c)
305,214
2,957,522
TOTAL BOND FUNDS
(Cost $1,276,509,225)
1,104,157,218
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $5,042,425)
5,041,417
5,042,425
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $2,595,374,468)
3,075,523,701
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(2,216,497)
NET ASSETS - 100.0%
3,073,307,204
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
3
Sep 2024
351,480
231
231
ICE MSCI Emerging Markets Index Contracts (United States)
134
Sep 2024
7,290,940
8,472
8,472
TOTAL EQUITY INDEX CONTRACTS
8,703
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
1,077
Sep 2024
118,453,172
751,225
751,225
CBOT 5-Year U.S. Treasury Note Contracts (United States)
659
Sep 2024
70,234,984
344,922
344,922
TOTAL TREASURY CONTRACTS
1,096,147
TOTAL PURCHASED
1,104,850
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
139
Sep 2024
38,374,425
(77,352)
(77,352)
TOTAL FUTURES CONTRACTS
1,027,498
The notional amount of futures purchased as a percentage of Net Assets is 6.4%
The notional amount of futures sold as a percentage of Net Assets is 1.2%
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 $4,185,342.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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 5.38%
3,728,846
17,137,615
15,823,999
49,419
(37)
-
5,042,425
0.0%
Total
3,728,846
17,137,615
15,823,999
49,419
(37)
-
5,042,425
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 Advisor Series Equity Growth Fund
154,903,635
1,924,783
11,956,583
-
3,021,509
6,732,010
154,625,354
Fidelity Advisor Series Growth Opportunities Fund
109,228,514
816,046
9,664,418
-
2,170,393
6,691,732
109,242,267
Fidelity Advisor Series Small Cap Fund
53,563,615
780,800
2,114,346
-
261,558
(826,858)
51,664,769
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
735,065
6,307
49,696
383
397
9,226
701,299
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
150,559,674
7,190,450
4,899,102
59,290
(1,076)
636,286
153,486,232
Fidelity Series All-Sector Equity Fund
51,399,594
301,018
2,126,008
-
155,802
1,974,832
51,705,238
Fidelity Series Canada Fund
59,247,422
1,077,540
3,005,936
-
260,501
(1,159,203)
56,420,324
Fidelity Series Commodity Strategy Fund
20,361,148
6,167,868
1,353,703
-
(613,970)
1,164,442
25,725,785
Fidelity Series Emerging Markets Debt Fund
15,644,573
383,439
566,286
230,646
(76,712)
(23,710)
15,361,304
Fidelity Series Emerging Markets Debt Local Currency Fund
4,865,048
16,589
149,620
-
(18,916)
(56,036)
4,657,065
Fidelity Series Emerging Markets Fund
61,956,962
237,947
3,702,700
-
(122,094)
3,162,732
61,532,847
Fidelity Series Emerging Markets Opportunities Fund
248,550,213
952,647
16,385,839
-
921,144
11,962,333
246,000,498
Fidelity Series Floating Rate High Income Fund
2,751,911
73,645
104,330
61,794
(1,552)
(19,563)
2,700,111
Fidelity Series Government Money Market Fund 5.42%
69,499
308
69,807
307
-
-
-
Fidelity Series High Income Fund
15,718,723
338,455
549,969
242,689
(5,023)
(70,495)
15,431,691
Fidelity Series International Credit Fund
1,652,326
22,072
6,340
22,072
351
(10,383)
1,658,026
Fidelity Series International Developed Markets Bond Index Fund
119,542,718
4,205,710
3,939,679
1,393,341
(26,783)
(2,438,176)
117,343,790
Fidelity Series International Growth Fund
167,321,220
5,190,562
6,255,921
-
354,518
(3,067,049)
163,543,330
Fidelity Series International Small Cap Fund
46,710,790
189,925
1,555,865
-
247,107
(1,460,399)
44,131,558
Fidelity Series International Value Fund
168,121,129
3,832,775
7,672,477
-
1,557,706
(940,750)
164,898,383
Fidelity Series Investment Grade Bond Fund
676,526,317
12,151,366
25,422,590
7,126,080
(1,329)
(4,796,296)
658,457,468
Fidelity Series Large Cap Stock Fund
207,899,317
1,988,099
12,096,093
-
4,360,243
5,026,009
207,177,575
Fidelity Series Large Cap Value Index Fund
20,601,690
1,010,946
698,787
-
43,390
(487,510)
20,469,729
Fidelity Series Long-Term Treasury Bond Index Fund
151,753,342
4,878,232
21,503,584
1,191,273
(6,913,246)
3,187,966
131,402,710
Fidelity Series Opportunistic Insights Fund
122,872,209
2,215,451
8,870,513
-
3,651,277
4,564,524
124,432,948
Fidelity Series Overseas Fund
167,769,953
3,999,944
7,890,635
-
1,078,805
(1,146,864)
163,811,203
Fidelity Series Real Estate Income Fund
3,001,356
58,109
105,213
46,247
(94)
3,364
2,957,522
Fidelity Series Short-Term Credit Fund
91,657
288
91,387
289
2,002
(2,560)
-
Fidelity Series Small Cap Core Fund
6,116,751
71,359
21,995
28,612
2,256
(146,183)
6,022,188
Fidelity Series Small Cap Opportunities Fund
67,771,819
2,305,669
2,202,083
-
429,419
(1,975,199)
66,329,625
Fidelity Series Stock Selector Large Cap Value Fund
121,110,307
6,210,850
3,828,490
-
152,732
(2,952,792)
120,692,607
Fidelity Series Value Discovery Fund
124,066,072
7,776,779
4,045,111
-
177,173
(4,382,006)
123,592,907
3,122,484,569
76,375,978
162,905,106
10,403,023
11,067,488
19,153,424
3,066,176,353
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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