U.S. Treasury Bills, yield at date of purchase 5.33% 7/25/24 (b)
(Cost $2,062,741)
2,070,000
2,062,776
Domestic Equity Funds - 25.8%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (c)
2,431,143
46,653,625
Fidelity Advisor Series Growth Opportunities Fund (c)
2,056,407
32,964,200
Fidelity Advisor Series Small Cap Fund (c)
1,201,007
15,565,054
Fidelity Series All-Sector Equity Fund (c)
1,266,981
15,596,538
Fidelity Series Commodity Strategy Fund (c)
107,635
10,469,690
Fidelity Series Large Cap Stock Fund (c)
2,724,209
62,493,354
Fidelity Series Large Cap Value Index Fund (c)
394,038
6,174,577
Fidelity Series Opportunistic Insights Fund (c)
1,571,644
37,546,575
Fidelity Series Small Cap Core Fund (c)
158,500
1,825,914
Fidelity Series Small Cap Opportunities Fund (c)
1,328,407
19,846,403
Fidelity Series Stock Selector Large Cap Value Fund (c)
2,653,502
36,406,049
Fidelity Series Value Discovery Fund (c)
2,436,645
37,280,674
TOTAL DOMESTIC EQUITY FUNDS
(Cost $196,867,498)
322,822,653
International Equity Funds - 23.5%
Shares
Value ($)
Fidelity Series Canada Fund (c)
1,168,961
17,639,619
Fidelity Series Emerging Markets Fund (c)
2,260,444
20,818,688
Fidelity Series Emerging Markets Opportunities Fund (c)
4,424,761
83,229,755
Fidelity Series International Growth Fund (c)
2,790,939
51,129,997
Fidelity Series International Small Cap Fund (c)
1,053,455
17,961,415
Fidelity Series International Value Fund (c)
4,078,928
51,557,648
Fidelity Series Overseas Fund (c)
3,639,964
51,214,298
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $197,090,488)
293,551,420
Bond Funds - 48.3%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
5,215,115
50,482,314
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
12,233,431
93,341,079
Fidelity Series Emerging Markets Debt Fund (c)
815,615
6,369,956
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
221,130
1,956,998
Fidelity Series Floating Rate High Income Fund (c)
126,994
1,140,407
Fidelity Series High Income Fund (c)
751,327
6,326,172
Fidelity Series International Credit Fund (c)
180,456
1,463,499
Fidelity Series International Developed Markets Bond Index Fund (c)
5,620,442
48,054,782
Fidelity Series Investment Grade Bond Fund (c)
35,420,281
349,952,369
Fidelity Series Long-Term Treasury Bond Index Fund (c)
7,864,733
43,177,383
Fidelity Series Real Estate Income Fund (c)
126,241
1,223,277
TOTAL BOND FUNDS
(Cost $687,801,627)
603,488,236
Short-Term Funds - 2.3%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
1,819,856
1,820,220
Fidelity Series Government Money Market Fund 5.42% (c)(e)
23,894,990
23,894,990
Fidelity Series Short-Term Credit Fund (c)
356,122
3,514,928
TOTAL SHORT-TERM FUNDS
(Cost $29,222,835)
29,230,138
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $1,113,045,189)
1,251,155,223
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(855,778)
NET ASSETS - 100.0%
1,250,299,445
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
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)
53
Sep 2024
2,883,730
1,324
1,324
TOTAL EQUITY INDEX CONTRACTS
1,478
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
438
Sep 2024
48,173,156
304,237
304,237
CBOT 5-Year U.S. Treasury Note Contracts (United States)
268
Sep 2024
28,562,938
139,459
139,459
TOTAL TREASURY CONTRACTS
443,696
TOTAL PURCHASED
445,174
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
56
Sep 2024
15,460,200
(33,197)
(33,197)
TOTAL FUTURES CONTRACTS
411,977
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 $1,838,561.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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 5.38%
1,666,819
6,838,580
6,685,165
20,401
(14)
-
1,820,220
0.0%
Total
1,666,819
6,838,580
6,685,165
20,401
(14)
-
1,820,220
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
47,776,092
432,937
4,502,190
-
1,760,539
1,186,247
46,653,625
Fidelity Advisor Series Growth Opportunities Fund
33,688,522
127,140
3,531,352
-
1,173,953
1,505,937
32,964,200
Fidelity Advisor Series Small Cap Fund
16,523,129
154,995
930,889
-
174,597
(356,778)
15,565,054
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
48,803,322
3,525,076
2,495,919
25,455
(5,525)
655,360
50,482,314
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
98,989,599
141,583
6,108,998
38,927
(1,300,602)
1,619,497
93,341,079
Fidelity Series All-Sector Equity Fund
15,858,487
52,268
956,493
-
129,946
512,330
15,596,538
Fidelity Series Canada Fund
18,992,480
315,501
1,382,421
-
336,620
(622,561)
17,639,619
Fidelity Series Commodity Strategy Fund
8,279,494
2,751,394
785,630
-
(248,565)
472,997
10,469,690
Fidelity Series Emerging Markets Debt Fund
6,681,054
104,688
372,439
97,218
(56,134)
12,787
6,369,956
Fidelity Series Emerging Markets Debt Local Currency Fund
2,081,932
1,901
95,002
-
(14,316)
(17,517)
1,956,998
Fidelity Series Emerging Markets Fund
21,678,090
22,858
1,930,409
-
14,732
1,033,417
20,818,688
Fidelity Series Emerging Markets Opportunities Fund
87,010,914
91,454
8,323,184
-
1,372,610
3,077,961
83,229,755
Fidelity Series Floating Rate High Income Fund
1,189,390
27,726
67,714
26,367
(6,151)
(2,844)
1,140,407
Fidelity Series Government Money Market Fund 5.42%
23,706,936
1,698,531
1,510,477
308,394
-
-
23,894,990
Fidelity Series High Income Fund
6,616,149
108,132
365,699
100,797
(30,844)
(1,566)
6,326,172
Fidelity Series International Credit Fund
1,453,587
19,417
776
19,417
43
(8,772)
1,463,499
Fidelity Series International Developed Markets Bond Index Fund
50,159,815
1,542,371
2,610,230
583,774
(216,450)
(820,724)
48,054,782
Fidelity Series International Growth Fund
53,631,768
1,755,261
3,386,566
-
799,018
(1,669,484)
51,129,997
Fidelity Series International Small Cap Fund
19,456,467
20,359
1,015,568
-
160,248
(660,091)
17,961,415
Fidelity Series International Value Fund
53,889,841
818,475
3,347,464
-
809,873
(613,077)
51,557,648
Fidelity Series Investment Grade Bond Fund
366,862,593
5,374,724
19,643,274
3,819,393
(1,495,482)
(1,146,192)
349,952,369
Fidelity Series Large Cap Stock Fund
64,123,922
426,005
4,900,689
-
1,968,732
875,384
62,493,354
Fidelity Series Large Cap Value Index Fund
6,356,585
286,699
330,955
-
52,404
(190,156)
6,174,577
Fidelity Series Long-Term Treasury Bond Index Fund
52,240,665
1,528,171
9,297,522
396,136
(4,839,927)
3,545,996
43,177,383
Fidelity Series Opportunistic Insights Fund
37,902,577
549,781
3,392,867
-
1,549,373
937,711
37,546,575
Fidelity Series Overseas Fund
53,776,447
1,361,702
3,894,284
-
729,594
(759,161)
51,214,298
Fidelity Series Real Estate Income Fund
1,269,092
20,585
67,791
19,188
(2,002)
3,393
1,223,277
Fidelity Series Short-Term Credit Fund
3,270,209
520,253
284,652
34,807
(1,768)
10,886
3,514,928
Fidelity Series Small Cap Core Fund
1,862,202
8,674
932
8,675
96
(44,126)
1,825,914
Fidelity Series Small Cap Opportunities Fund
20,905,354
442,174
1,019,838
-
380,959
(862,246)
19,846,403
Fidelity Series Stock Selector Large Cap Value Fund
37,356,161
1,768,272
1,851,619
-
115,386
(982,151)
36,406,049
Fidelity Series Value Discovery Fund
38,267,800
2,236,777
1,931,424
-
48,427
(1,340,906)
37,280,674
1,300,660,675
28,235,884
90,335,267
5,478,548
3,359,384
5,351,551
1,247,272,227
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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