U.S. Treasury Bills, yield at date of purchase 5.3% to 5.33% 7/25/24 to 9/26/24 (b)
(Cost $3,994,841)
4,010,000
3,994,909
Domestic Equity Funds - 40.9%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (c)
9,040,064
173,478,826
Fidelity Advisor Series Growth Opportunities Fund (c)
7,642,060
122,502,224
Fidelity Advisor Series Small Cap Fund (c)
4,501,303
58,336,891
Fidelity Series All-Sector Equity Fund (c)
4,729,829
58,224,193
Fidelity Series Commodity Strategy Fund (c)
249,943
24,312,001
Fidelity Series Large Cap Stock Fund (c)
10,144,535
232,715,642
Fidelity Series Large Cap Value Index Fund (c)
1,467,350
22,993,380
Fidelity Series Opportunistic Insights Fund (c)
5,841,907
139,563,149
Fidelity Series Small Cap Core Fund (c)
593,291
6,834,711
Fidelity Series Small Cap Opportunities Fund (c)
4,993,273
74,599,492
Fidelity Series Stock Selector Large Cap Value Fund (c)
9,881,350
135,572,129
Fidelity Series Value Discovery Fund (c)
9,073,804
138,829,199
TOTAL DOMESTIC EQUITY FUNDS
(Cost $756,518,962)
1,187,961,837
International Equity Funds - 33.6%
Shares
Value ($)
Fidelity Series Canada Fund (c)
4,129,572
62,315,248
Fidelity Series Emerging Markets Fund (c)
7,089,577
65,295,008
Fidelity Series Emerging Markets Opportunities Fund (c)
13,877,789
261,041,217
Fidelity Series International Growth Fund (c)
9,859,739
180,630,422
Fidelity Series International Small Cap Fund (c)
2,447,359
41,727,467
Fidelity Series International Value Fund (c)
14,408,847
182,127,832
Fidelity Series Overseas Fund (c)
12,859,012
180,926,292
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $715,014,173)
974,063,486
Bond Funds - 25.3%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
96,705
936,105
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
3,182,044
24,278,998
Fidelity Series Emerging Markets Debt Fund (c)
1,860,652
14,531,695
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
495,611
4,386,161
Fidelity Series Floating Rate High Income Fund (c)
263,349
2,364,873
Fidelity Series High Income Fund (c)
1,742,530
14,672,101
Fidelity Series International Credit Fund (c)
160,875
1,304,694
Fidelity Series International Developed Markets Bond Index Fund (c)
10,514,051
89,895,139
Fidelity Series Investment Grade Bond Fund (c)
44,947,834
444,084,601
Fidelity Series Long-Term Treasury Bond Index Fund (c)
24,812,567
136,220,991
Fidelity Series Real Estate Income Fund (c)
283,974
2,751,712
TOTAL BOND FUNDS
(Cost $843,703,569)
735,427,070
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $4,730,151)
4,729,205
4,730,151
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $2,323,961,696)
2,906,177,453
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(2,152,968)
NET ASSETS - 100.0%
2,904,024,485
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
4
Sep 2024
468,640
308
308
ICE MSCI Emerging Markets Index Contracts (United States)
122
Sep 2024
6,638,020
8,894
8,894
TOTAL EQUITY INDEX CONTRACTS
9,202
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
1,017
Sep 2024
111,854,109
712,587
712,587
CBOT 5-Year U.S. Treasury Note Contracts (United States)
622
Sep 2024
66,291,594
325,600
325,600
TOTAL TREASURY CONTRACTS
1,038,187
TOTAL PURCHASED
1,047,389
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
132
Sep 2024
36,441,900
(76,336)
(76,336)
TOTAL FUTURES CONTRACTS
971,053
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 1.3%
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 $3,994,909.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
3,445,677
16,081,059
14,796,550
46,314
(35)
-
4,730,151
0.0%
Total
3,445,677
16,081,059
14,796,550
46,314
(35)
-
4,730,151
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
173,749,173
2,098,141
13,242,350
-
3,146,521
7,727,341
173,478,826
Fidelity Advisor Series Growth Opportunities Fund
122,515,857
1,040,494
10,949,257
-
2,348,799
7,546,331
122,502,224
Fidelity Advisor Series Small Cap Fund
60,066,331
965,177
2,045,084
-
254,082
(903,615)
58,336,891
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
949,879
9,571
35,961
496
197
12,419
936,105
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
18,887,599
5,816,047
559,021
7,447
(9,433)
143,806
24,278,998
Fidelity Series All-Sector Equity Fund
57,652,380
358,510
2,160,157
-
121,234
2,252,226
58,224,193
Fidelity Series Canada Fund
65,215,971
1,114,414
3,028,830
-
263,547
(1,249,854)
62,315,248
Fidelity Series Commodity Strategy Fund
19,138,519
5,695,719
1,034,070
-
(268,029)
779,862
24,312,001
Fidelity Series Emerging Markets Debt Fund
14,733,500
317,441
423,366
217,619
(23,132)
(72,748)
14,531,695
Fidelity Series Emerging Markets Debt Local Currency Fund
4,544,717
25,408
113,149
-
(2,997)
(67,818)
4,386,161
Fidelity Series Emerging Markets Fund
65,079,107
406,466
3,375,402
-
(194,862)
3,379,699
65,295,008
Fidelity Series Emerging Markets Opportunities Fund
260,932,315
1,626,401
15,005,445
-
(36,321)
13,524,267
261,041,217
Fidelity Series Floating Rate High Income Fund
2,386,715
71,819
75,263
53,670
869
(19,267)
2,364,873
Fidelity Series Government Money Market Fund 5.42%
62,879
278
63,157
278
-
-
-
Fidelity Series High Income Fund
14,834,887
327,413
418,235
229,407
1,951
(73,915)
14,672,101
Fidelity Series International Credit Fund
1,304,285
17,422
9,013
17,422
499
(8,499)
1,304,694
Fidelity Series International Developed Markets Bond Index Fund
88,074,317
6,022,906
2,391,035
1,027,857
(9,226)
(1,801,823)
89,895,139
Fidelity Series International Growth Fund
184,182,923
5,315,663
5,817,294
-
612,265
(3,663,135)
180,630,422
Fidelity Series International Small Cap Fund
43,655,922
367,396
1,148,060
-
221,857
(1,369,648)
41,727,467
Fidelity Series International Value Fund
185,063,498
3,958,604
7,520,203
-
1,139,456
(513,523)
182,127,832
Fidelity Series Investment Grade Bond Fund
441,724,076
17,219,929
11,797,751
4,696,874
(23,456)
(3,038,197)
444,084,601
Fidelity Series Large Cap Stock Fund
233,178,207
2,590,885
13,534,818
-
4,521,531
5,959,837
232,715,642
Fidelity Series Large Cap Value Index Fund
23,094,109
1,080,110
677,809
-
69,169
(572,199)
22,993,380
Fidelity Series Long-Term Treasury Bond Index Fund
153,350,772
5,461,300
18,815,018
1,222,927
(6,145,725)
2,369,662
136,220,991
Fidelity Series Opportunistic Insights Fund
137,818,882
2,409,636
9,825,010
-
3,100,116
6,059,525
139,563,149
Fidelity Series Overseas Fund
184,676,909
4,251,473
7,866,421
-
1,001,463
(1,137,132)
180,926,292
Fidelity Series Real Estate Income Fund
2,765,789
60,962
77,755
42,807
2,884
(168)
2,751,712
Fidelity Series Short-Term Credit Fund
101,225
319
100,927
319
2,183
(2,800)
-
Fidelity Series Small Cap Core Fund
6,945,069
98,427
44,976
32,472
4,613
(168,422)
6,834,711
Fidelity Series Small Cap Opportunities Fund
76,003,049
2,424,429
2,076,258
-
459,490
(2,211,218)
74,599,492
Fidelity Series Stock Selector Large Cap Value Fund
135,831,131
6,500,253
3,600,092
-
236,633
(3,395,796)
135,572,129
Fidelity Series Value Discovery Fund
139,146,424
8,378,643
3,963,618
-
299,278
(5,031,528)
138,829,199
2,917,666,416
86,031,656
141,794,805
7,549,595
11,095,456
24,453,670
2,897,452,393
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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