U.S. Treasury Bills, yield at date of purchase 5.33% 7/25/24 (b)
(Cost $3,467,796)
3,480,000
3,467,855
Domestic Equity Funds - 30.6%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (c)
5,223,341
100,235,910
Fidelity Advisor Series Growth Opportunities Fund (c)
4,414,893
70,770,742
Fidelity Advisor Series Small Cap Fund (c)
2,584,276
33,492,223
Fidelity Series All-Sector Equity Fund (c)
2,727,043
33,569,904
Fidelity Series Commodity Strategy Fund (c)
194,426
18,911,827
Fidelity Series Large Cap Stock Fund (c)
5,863,559
134,510,053
Fidelity Series Large Cap Value Index Fund (c)
848,108
13,289,845
Fidelity Series Opportunistic Insights Fund (c)
3,375,213
80,633,846
Fidelity Series Small Cap Core Fund (c)
341,650
3,935,811
Fidelity Series Small Cap Opportunities Fund (c)
2,862,618
42,767,510
Fidelity Series Stock Selector Large Cap Value Fund (c)
5,711,306
78,359,112
Fidelity Series Value Discovery Fund (c)
5,244,587
80,242,175
TOTAL DOMESTIC EQUITY FUNDS
(Cost $428,047,596)
690,718,958
International Equity Funds - 26.7%
Shares
Value ($)
Fidelity Series Canada Fund (c)
2,460,539
37,129,539
Fidelity Series Emerging Markets Fund (c)
4,538,797
41,802,323
Fidelity Series Emerging Markets Opportunities Fund (c)
8,884,621
167,119,715
Fidelity Series International Growth Fund (c)
5,874,745
107,625,320
Fidelity Series International Small Cap Fund (c)
1,909,683
32,560,098
Fidelity Series International Value Fund (c)
8,585,323
108,518,481
Fidelity Series Overseas Fund (c)
7,661,820
107,801,803
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $415,264,529)
602,557,279
Bond Funds - 42.5%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
36,091
349,361
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
27,124,378
206,959,006
Fidelity Series Emerging Markets Debt Fund (c)
1,459,500
11,398,693
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
392,228
3,471,216
Fidelity Series Floating Rate High Income Fund (c)
226,212
2,031,383
Fidelity Series High Income Fund (c)
1,365,440
11,497,006
Fidelity Series International Credit Fund (c)
208,968
1,694,729
Fidelity Series International Developed Markets Bond Index Fund (c)
10,132,980
86,636,981
Fidelity Series Investment Grade Bond Fund (c)
55,411,710
547,467,698
Fidelity Series Long-Term Treasury Bond Index Fund (c)
15,887,819
87,224,127
Fidelity Series Real Estate Income Fund (c)
226,308
2,192,926
TOTAL BOND FUNDS
(Cost $1,121,565,611)
960,923,126
Short-Term Funds - 0.1%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $3,465,361)
3,464,668
3,465,361
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $1,971,810,893)
2,261,132,579
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(1,569,006)
NET ASSETS - 100.0%
2,259,563,573
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
2
Sep 2024
234,320
154
154
ICE MSCI Emerging Markets Index Contracts (United States)
98
Sep 2024
5,332,180
3,618
3,618
TOTAL EQUITY INDEX CONTRACTS
3,772
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
791
Sep 2024
86,997,641
550,337
550,337
CBOT 5-Year U.S. Treasury Note Contracts (United States)
484
Sep 2024
51,583,813
253,013
253,013
TOTAL TREASURY CONTRACTS
803,350
TOTAL PURCHASED
807,122
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
99
Sep 2024
27,331,425
(56,604)
(56,604)
TOTAL FUTURES CONTRACTS
750,518
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 $3,084,198.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
3,369,897
12,098,291
12,002,801
37,056
(26)
-
3,465,361
0.0%
Total
3,369,897
12,098,291
12,002,801
37,056
(26)
-
3,465,361
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
101,885,684
909,476
8,891,437
-
2,825,795
3,506,392
100,235,910
Fidelity Advisor Series Growth Opportunities Fund
71,842,972
358,938
7,194,210
-
2,181,038
3,582,004
70,770,742
Fidelity Advisor Series Small Cap Fund
35,231,073
420,587
1,776,690
-
312,293
(695,040)
33,492,223
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
266,933
128,497
50,657
138
312
4,276
349,361
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
209,927,967
5,631,642
9,380,327
82,646
(139,689)
919,413
206,959,006
Fidelity Series All-Sector Equity Fund
33,807,373
197,504
1,818,500
-
208,050
1,175,477
33,569,904
Fidelity Series Canada Fund
39,567,463
657,345
2,495,121
-
577,945
(1,178,093)
37,129,539
Fidelity Series Commodity Strategy Fund
14,985,189
4,796,373
1,276,932
-
(645,163)
1,052,360
18,911,827
Fidelity Series Emerging Markets Debt Fund
11,796,549
261,793
583,494
172,408
(124,449)
48,294
11,398,693
Fidelity Series Emerging Markets Debt Local Currency Fund
3,670,421
6,772
149,639
-
(22,173)
(34,165)
3,471,216
Fidelity Series Emerging Markets Fund
42,809,520
86,632
3,182,414
-
(239,386)
2,327,971
41,802,323
Fidelity Series Emerging Markets Opportunities Fund
171,824,500
346,734
13,905,869
-
1,390,457
7,463,893
167,119,715
Fidelity Series Floating Rate High Income Fund
2,101,816
51,635
106,080
46,797
(8,328)
(7,660)
2,031,383
Fidelity Series Government Money Market Fund 5.42%
52,819
234
53,053
234
-
-
-
Fidelity Series High Income Fund
11,667,938
447,347
561,817
178,956
(34,558)
(21,904)
11,497,006
Fidelity Series International Credit Fund
1,685,244
22,511
2,867
22,511
159
(10,318)
1,694,729
Fidelity Series International Developed Markets Bond Index Fund
89,413,660
3,202,464
4,133,233
1,041,855
(117,122)
(1,728,788)
86,636,981
Fidelity Series International Growth Fund
111,739,252
3,398,177
5,692,857
-
1,043,521
(2,862,773)
107,625,320
Fidelity Series International Small Cap Fund
34,864,376
191,396
1,594,060
-
256,588
(1,158,202)
32,560,098
Fidelity Series International Value Fund
112,274,746
2,347,134
6,500,527
-
1,527,150
(1,130,022)
108,518,481
Fidelity Series Investment Grade Bond Fund
570,153,329
8,620,570
27,213,634
5,955,566
(467,851)
(3,624,716)
547,467,698
Fidelity Series Large Cap Stock Fund
136,742,988
1,086,493
9,424,247
-
3,664,474
2,440,345
134,510,053
Fidelity Series Large Cap Value Index Fund
13,550,330
664,436
632,257
-
90,154
(382,818)
13,289,845
Fidelity Series Long-Term Treasury Bond Index Fund
103,442,213
3,176,366
16,847,453
797,916
(7,582,619)
5,035,620
87,224,127
Fidelity Series Opportunistic Insights Fund
80,824,553
1,142,214
6,669,818
-
3,018,018
2,318,879
80,633,846
Fidelity Series Overseas Fund
112,039,609
2,654,960
6,826,177
-
1,175,918
(1,242,507)
107,801,803
Fidelity Series Real Estate Income Fund
2,257,597
39,284
106,329
34,433
(2,599)
4,973
2,192,926
Fidelity Series Short-Term Credit Fund
30,394
96
30,305
96
620
(805)
-
Fidelity Series Small Cap Core Fund
4,018,783
18,699
6,407
18,699
657
(95,921)
3,935,811
Fidelity Series Small Cap Opportunities Fund
44,576,259
1,193,990
1,979,515
-
589,111
(1,612,335)
42,767,510
Fidelity Series Stock Selector Large Cap Value Fund
79,659,124
4,047,680
3,500,718
-
123,244
(1,970,218)
78,359,112
Fidelity Series Value Discovery Fund
81,603,451
5,095,927
3,696,378
-
108,307
(2,869,132)
80,242,175
2,330,314,125
51,203,906
146,283,022
8,352,255
9,709,874
9,254,480
2,254,199,363
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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