U.S. Treasury Bills, yield at date of purchase 5.3% to 5.31% 8/1/24 to 9/19/24 (b)
(Cost $267,518)
270,000
267,528
Domestic Equity Funds - 52.6%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
1,242,078
24,531,034
Fidelity Series Commodity Strategy Fund (c)
16,846
1,638,577
Fidelity Series Large Cap Growth Index Fund (c)
683,303
15,770,625
Fidelity Series Large Cap Stock Fund (c)
698,649
16,027,011
Fidelity Series Large Cap Value Index Fund (c)
1,824,381
28,588,056
Fidelity Series Small Cap Core Fund (c)
87,557
1,008,652
Fidelity Series Small Cap Opportunities Fund (c)
327,576
4,893,987
Fidelity Series Value Discovery Fund (c)
689,640
10,551,497
TOTAL DOMESTIC EQUITY FUNDS
(Cost $85,503,911)
103,009,439
International Equity Funds - 41.5%
Shares
Value ($)
Fidelity Series Canada Fund (c)
354,610
5,351,061
Fidelity Series Emerging Markets Fund (c)
571,260
5,261,303
Fidelity Series Emerging Markets Opportunities Fund (c)
1,126,627
21,191,858
Fidelity Series International Growth Fund (c)
750,944
13,757,296
Fidelity Series International Index Fund (c)
416,342
5,166,799
Fidelity Series International Small Cap Fund (c)
163,165
2,781,968
Fidelity Series International Value Fund (c)
1,097,253
13,869,281
Fidelity Series Overseas Fund (c)
979,176
13,777,001
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $73,039,712)
81,156,567
Bond Funds - 5.7%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
9,636
93,279
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
12,406
94,659
Fidelity Series Emerging Markets Debt Fund (c)
127,384
994,866
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
33,684
298,100
Fidelity Series Floating Rate High Income Fund (c)
20,977
188,370
Fidelity Series High Income Fund (c)
120,120
1,011,412
Fidelity Series Investment Grade Securitized Fund (c)
0
0
Fidelity Series Long-Term Treasury Bond Index Fund (c)
1,513,325
8,308,156
Fidelity Series Real Estate Income Fund (c)
19,497
188,927
TOTAL BOND FUNDS
(Cost $11,781,470)
11,177,769
Short-Term Funds - 0.1%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $194,280)
194,241
194,280
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $170,786,891)
195,805,583
NET OTHER ASSETS (LIABILITIES) - 0.0%
(54,273)
NET ASSETS - 100.0%
195,751,310
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
1
Sep 2024
117,160
77
77
ICE MSCI Emerging Markets Index Contracts (United States)
10
Sep 2024
544,100
1,047
1,047
TOTAL EQUITY INDEX CONTRACTS
1,124
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
65
Sep 2024
7,148,984
41,654
41,654
CBOT 5-Year U.S. Treasury Note Contracts (United States)
37
Sep 2024
3,943,391
16,523
16,523
CBOT Long Term U.S. Treasury Bond Contracts (United States)
7
Sep 2024
828,188
7,565
7,565
TOTAL TREASURY CONTRACTS
65,742
TOTAL PURCHASED
66,866
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
7
Sep 2024
1,932,525
(3,609)
(3,609)
TOTAL FUTURES CONTRACTS
63,257
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 1.0%
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 $267,528.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
161,331
910,170
877,217
1,571
(4)
-
194,280
0.0%
Total
161,331
910,170
877,217
1,571
(4)
-
194,280
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 Series 0-5 Year Inflation-Protected Bond Index Fund
77,335
15,016
257
41
-
1,185
93,279
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
79,424
15,006
257
32
2
484
94,659
Fidelity Series Blue Chip Growth Fund
19,641,632
3,618,375
761,417
-
2,899
2,029,545
24,531,034
Fidelity Series Canada Fund
4,552,963
926,574
56,610
-
(1,155)
(70,711)
5,351,061
Fidelity Series Commodity Strategy Fund
1,074,582
546,694
8,617
-
385
25,533
1,638,577
Fidelity Series Emerging Markets Debt Fund
824,339
178,332
2,823
13,614
35
(5,017)
994,866
Fidelity Series Emerging Markets Debt Local Currency Fund
261,278
41,930
719
-
(3)
(4,386)
298,100
Fidelity Series Emerging Markets Fund
4,279,797
800,865
59,421
-
2,528
237,534
5,261,303
Fidelity Series Emerging Markets Opportunities Fund
17,246,365
3,379,683
437,617
-
23,092
980,335
21,191,858
Fidelity Series Floating Rate High Income Fund
156,375
33,865
513
3,917
(1)
(1,356)
188,370
Fidelity Series Government Money Market Fund 5.42%
532
-
532
1
-
-
-
Fidelity Series High Income Fund
841,473
176,214
2,772
14,491
(2)
(3,501)
1,011,412
Fidelity Series International Growth Fund
11,469,086
2,506,760
36,379
-
22
(182,193)
13,757,296
Fidelity Series International Index Fund
4,324,517
869,671
13,727
-
(76)
(13,586)
5,166,799
Fidelity Series International Small Cap Fund
2,402,993
455,889
7,699
-
29
(69,244)
2,781,968
Fidelity Series International Value Fund
11,549,856
2,384,130
114,255
-
(2,245)
51,795
13,869,281
Fidelity Series Large Cap Growth Index Fund
12,437,494
2,326,383
149,420
25,760
(1,278)
1,157,446
15,770,625
Fidelity Series Large Cap Stock Fund
13,195,397
2,415,884
274,515
-
(4,549)
694,794
16,027,011
Fidelity Series Large Cap Value Index Fund
23,592,839
5,570,615
74,318
-
(644)
(500,436)
28,588,056
Fidelity Series Long-Term Treasury Bond Index Fund
7,808,061
1,528,838
844,729
68,111
(15,670)
(168,344)
8,308,156
Fidelity Series Overseas Fund
11,495,767
2,311,071
50,132
-
(359)
20,654
13,777,001
Fidelity Series Real Estate Income Fund
156,524
32,757
513
2,808
4
155
188,927
Fidelity Series Small Cap Core Fund
230,696
1,000,402
216,064
4,052
(6,469)
87
1,008,652
Fidelity Series Small Cap Opportunities Fund
5,822,394
616,926
1,421,846
-
41,464
(164,951)
4,893,987
Fidelity Series Treasury Bill Index Fund
1,925
-
1,925
3
-
-
-
Fidelity Series Value Discovery Fund
8,685,489
2,198,096
27,482
-
447
(305,053)
10,551,497
162,209,133
33,949,976
4,564,559
132,830
38,456
3,710,769
195,343,775
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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