U.S. Treasury Bills, yield at date of purchase 5.3% to 5.33% 7/25/24 to 9/26/24 (b)
(Cost $866,228)
870,000
866,243
Domestic Equity Funds - 52.7%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (c)
2,582,997
49,567,711
Fidelity Advisor Series Growth Opportunities Fund (c)
2,183,580
35,002,785
Fidelity Advisor Series Small Cap Fund (c)
1,283,425
16,633,182
Fidelity Series All-Sector Equity Fund (c)
1,348,547
16,600,619
Fidelity Series Commodity Strategy Fund (c)
55,223
5,371,560
Fidelity Series Large Cap Stock Fund (c)
2,898,423
66,489,827
Fidelity Series Large Cap Value Index Fund (c)
419,236
6,569,428
Fidelity Series Opportunistic Insights Fund (c)
1,669,210
39,877,419
Fidelity Series Small Cap Core Fund (c)
165,777
1,909,748
Fidelity Series Small Cap Opportunities Fund (c)
1,433,487
21,416,302
Fidelity Series Stock Selector Large Cap Value Fund (c)
2,823,197
38,734,263
Fidelity Series Value Discovery Fund (c)
2,592,481
39,664,958
TOTAL DOMESTIC EQUITY FUNDS
(Cost $272,157,413)
337,837,802
International Equity Funds - 41.4%
Shares
Value ($)
Fidelity Series Canada Fund (c)
1,162,747
17,545,858
Fidelity Series Emerging Markets Fund (c)
1,869,185
17,215,193
Fidelity Series Emerging Markets Opportunities Fund (c)
3,684,124
69,298,374
Fidelity Series International Growth Fund (c)
2,762,798
50,614,455
Fidelity Series International Small Cap Fund (c)
535,802
9,135,427
Fidelity Series International Value Fund (c)
4,037,163
51,029,736
Fidelity Series Overseas Fund (c)
3,615,242
50,866,454
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $232,175,847)
265,705,497
Bond Funds - 5.7%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
31,018
300,258
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
40,506
309,062
Fidelity Series Emerging Markets Debt Fund (c)
411,870
3,216,706
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
112,322
994,047
Fidelity Series Floating Rate High Income Fund (c)
68,272
613,081
Fidelity Series High Income Fund (c)
390,786
3,290,419
Fidelity Series International Credit Fund (c)
4,105
33,291
Fidelity Series Long-Term Treasury Bond Index Fund (c)
4,961,905
27,240,858
Fidelity Series Real Estate Income Fund (c)
63,528
615,588
TOTAL BOND FUNDS
(Cost $44,228,729)
36,613,310
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
1,189,956
1,190,194
Fidelity Series Short-Term Credit Fund (c)
17
169
TOTAL SHORT-TERM FUNDS
(Cost $1,190,361)
1,190,363
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $550,618,578)
642,213,215
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(504,276)
NET ASSETS - 100.0%
641,708,939
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
6
Sep 2024
702,960
462
462
ICE MSCI Emerging Markets Index Contracts (United States)
38
Sep 2024
2,067,580
3,802
3,802
TOTAL EQUITY INDEX CONTRACTS
4,264
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
216
Sep 2024
23,756,625
147,189
147,189
CBOT 5-Year U.S. Treasury Note Contracts (United States)
120
Sep 2024
12,789,375
59,646
59,646
CBOT Long Term U.S. Treasury Bond Contracts (United States)
24
Sep 2024
2,839,500
25,384
25,384
TOTAL TREASURY CONTRACTS
232,219
TOTAL PURCHASED
236,483
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
22
Sep 2024
6,073,650
(9,986)
(9,986)
TOTAL FUTURES CONTRACTS
226,497
The notional amount of futures purchased as a percentage of Net Assets is 6.5%
The notional amount of futures sold as a percentage of Net Assets is 0.9%
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 $866,243.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
584,031
3,755,945
3,149,776
10,585
(6)
-
1,190,194
0.0%
Total
584,031
3,755,945
3,149,776
10,585
(6)
-
1,190,194
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
48,737,144
2,042,625
4,231,224
-
685,929
2,333,237
49,567,711
Fidelity Advisor Series Growth Opportunities Fund
34,351,482
1,418,482
3,526,584
-
573,703
2,185,702
35,002,785
Fidelity Advisor Series Small Cap Fund
16,797,664
862,436
831,030
-
177,233
(373,121)
16,633,182
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
298,298
11,906
13,941
157
53
3,942
300,258
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
310,234
11,871
14,074
123
(7)
1,038
309,062
Fidelity Series All-Sector Equity Fund
16,137,716
583,366
779,008
-
147,067
511,478
16,600,619
Fidelity Series Canada Fund
17,746,240
1,123,882
1,044,987
-
279,842
(559,119)
17,545,858
Fidelity Series Commodity Strategy Fund
4,203,579
1,353,992
297,095
-
38,560
72,524
5,371,560
Fidelity Series Emerging Markets Debt Fund
3,209,718
177,288
148,704
47,658
9,396
(30,992)
3,216,706
Fidelity Series Emerging Markets Debt Local Currency Fund
1,022,069
32,899
44,462
-
981
(17,440)
994,047
Fidelity Series Emerging Markets Fund
16,700,567
635,009
933,893
-
59,956
753,554
17,215,193
Fidelity Series Emerging Markets Opportunities Fund
67,405,820
3,028,967
4,578,755
-
179,368
3,262,974
69,298,374
Fidelity Series Floating Rate High Income Fund
608,793
37,262
28,207
13,765
2,403
(7,170)
613,081
Fidelity Series Government Money Market Fund 5.42%
9,432
-
9,432
15
-
-
-
Fidelity Series High Income Fund
3,279,130
178,252
150,196
50,929
4,730
(21,497)
3,290,419
Fidelity Series International Credit Fund
34,184
457
1,122
457
45
(273)
33,291
Fidelity Series International Growth Fund
50,438,926
3,267,773
2,203,383
-
411,181
(1,300,042)
50,614,455
Fidelity Series International Small Cap Fund
9,462,897
352,327
418,999
-
51,579
(312,377)
9,135,427
Fidelity Series International Value Fund
50,850,320
2,903,416
2,852,750
-
600,482
(471,732)
51,029,736
Fidelity Series Large Cap Stock Fund
65,457,022
2,588,556
4,474,449
-
978,953
1,939,745
66,489,827
Fidelity Series Large Cap Value Index Fund
6,441,645
557,962
285,629
-
78,400
(222,950)
6,569,428
Fidelity Series Long-Term Treasury Bond Index Fund
30,526,256
2,210,436
4,734,264
240,574
(1,445,469)
683,899
27,240,858
Fidelity Series Opportunistic Insights Fund
38,631,223
1,814,388
3,122,868
-
473,307
2,081,369
39,877,419
Fidelity Series Overseas Fund
50,573,155
2,709,107
2,337,544
-
610,825
(689,089)
50,866,454
Fidelity Series Real Estate Income Fund
610,238
33,056
28,092
9,557
3,589
(3,203)
615,588
Fidelity Series Short-Term Credit Fund
144,885
167
144,149
167
3,384
(4,118)
169
Fidelity Series Small Cap Core Fund
1,936,946
78,591
59,597
9,073
6,155
(52,347)
1,909,748
Fidelity Series Small Cap Opportunities Fund
21,272,467
1,570,651
914,833
-
188,901
(700,884)
21,416,302
Fidelity Series Stock Selector Large Cap Value Fund
38,121,974
3,182,329
1,663,432
-
398,231
(1,304,839)
38,734,263
Fidelity Series Value Discovery Fund
39,002,517
3,720,722
1,714,819
-
429,021
(1,772,483)
39,664,958
634,322,541
36,488,175
41,587,522
372,475
4,947,798
5,985,786
640,156,778
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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