U.S. Treasury Bills, yield at date of purchase 5.3% to 5.33% 7/11/24 to 9/26/24 (b)
(Cost $26,179,565)
26,290,000
26,179,981
Domestic Equity Funds - 52.6%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
29,065,247
357,793,188
Fidelity Series Blue Chip Growth Fund (c)
49,717,182
981,914,338
Fidelity Series Commodity Strategy Fund (c)
1,630,828
158,630,631
Fidelity Series Growth Company Fund (c)
74,255,841
1,826,693,696
Fidelity Series Intrinsic Opportunities Fund (c)
28,480,734
328,382,859
Fidelity Series Large Cap Stock Fund (c)
75,502,089
1,732,017,911
Fidelity Series Large Cap Value Index Fund (c)
34,419,899
539,359,819
Fidelity Series Opportunistic Insights Fund (c)
45,638,769
1,090,310,187
Fidelity Series Small Cap Core Fund (c)
4,008,031
46,172,514
Fidelity Series Small Cap Discovery Fund (c)
12,957,412
143,438,553
Fidelity Series Small Cap Opportunities Fund (c)
33,501,768
500,516,409
Fidelity Series Stock Selector Large Cap Value Fund (c)
87,719,821
1,203,515,949
Fidelity Series Value Discovery Fund (c)
70,342,917
1,076,246,632
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,007,637,261)
9,984,992,686
International Equity Funds - 41.4%
Shares
Value ($)
Fidelity Series Canada Fund (c)
34,873,633
526,243,120
Fidelity Series Emerging Markets Fund (c)
55,161,082
508,033,566
Fidelity Series Emerging Markets Opportunities Fund (c)
108,955,268
2,049,448,591
Fidelity Series International Growth Fund (c)
81,533,549
1,493,694,609
Fidelity Series International Small Cap Fund (c)
15,784,940
269,133,233
Fidelity Series International Value Fund (c)
119,142,633
1,505,962,875
Fidelity Series Overseas Fund (c)
106,738,654
1,501,812,856
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $6,432,071,921)
7,854,328,850
Bond Funds - 5.8%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
913,032
8,838,154
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
1,192,789
9,100,978
Fidelity Series Emerging Markets Debt Fund (c)
12,381,836
96,702,137
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
3,324,270
29,419,792
Fidelity Series Floating Rate High Income Fund (c)
2,012,751
18,074,502
Fidelity Series High Income Fund (c)
11,751,384
98,946,653
Fidelity Series International Credit Fund (c)
612,771
4,969,571
Fidelity Series Long-Term Treasury Bond Index Fund (c)
146,711,584
805,446,594
Fidelity Series Real Estate Income Fund (c)
1,871,722
18,136,986
TOTAL BOND FUNDS
(Cost $1,384,081,632)
1,089,635,367
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $29,269,582)
29,263,730
29,269,582
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $14,879,239,961)
18,984,406,466
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(11,850,063)
NET ASSETS - 100.0%
18,972,556,403
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
196
Sep 2024
22,963,360
20,124
20,124
ICE MSCI Emerging Markets Index Contracts (United States)
1,149
Sep 2024
62,517,090
125,303
125,303
TOTAL EQUITY INDEX CONTRACTS
145,427
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
6,382
Sep 2024
701,920,281
4,345,731
4,345,731
CBOT 5-Year U.S. Treasury Note Contracts (United States)
3,565
Sep 2024
379,951,016
1,751,531
1,751,531
CBOT Long Term U.S. Treasury Bond Contracts (United States)
701
Sep 2024
82,937,063
713,551
713,551
TOTAL TREASURY CONTRACTS
6,810,813
TOTAL PURCHASED
6,956,240
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
646
Sep 2024
178,344,450
(336,432)
(336,432)
TOTAL FUTURES CONTRACTS
6,619,808
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 $26,179,981.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
17,969,445
112,111,948
100,811,488
260,128
(323)
-
29,269,582
0.1%
Total
17,969,445
112,111,948
100,811,488
260,128
(323)
-
29,269,582
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
8,693,870
129,277
103,113
4,557
118
118,002
8,838,154
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
9,041,667
128,293
103,416
3,573
(8,917)
43,351
9,100,978
Fidelity Series All-Sector Equity Fund
342,912,438
4,516,199
4,268,889
-
52,872
14,580,568
357,793,188
Fidelity Series Blue Chip Growth Fund
949,530,781
16,565,728
70,407,912
-
16,814,378
69,411,363
981,914,338
Fidelity Series Canada Fund
518,264,132
21,889,570
5,926,090
-
490,999
(8,475,491)
526,243,120
Fidelity Series Commodity Strategy Fund
122,579,707
35,891,276
3,085,329
-
80,461
3,164,516
158,630,631
Fidelity Series Emerging Markets Debt Fund
93,593,976
4,825,171
1,123,898
1,410,123
6,308
(599,420)
96,702,137
Fidelity Series Emerging Markets Debt Local Currency Fund
29,840,574
349,219
301,113
-
(6,709)
(462,179)
29,419,792
Fidelity Series Emerging Markets Fund
487,795,753
6,521,934
10,811,910
-
(14,307)
24,542,096
508,033,566
Fidelity Series Emerging Markets Opportunities Fund
1,968,309,731
45,547,161
68,243,181
-
(8,146,492)
111,981,372
2,049,448,591
Fidelity Series Floating Rate High Income Fund
17,766,005
654,604
207,022
405,162
(34)
(139,051)
18,074,502
Fidelity Series Government Money Market Fund 5.42%
263,754
-
263,754
428
-
-
-
Fidelity Series Growth Company Fund
1,772,438,983
36,931,716
141,941,583
-
16,016,964
143,247,616
1,826,693,696
Fidelity Series High Income Fund
95,642,829
4,866,241
1,113,004
1,508,008
(6,348)
(443,065)
98,946,653
Fidelity Series International Credit Fund
4,945,986
66,068
12,582
66,068
(16)
(29,885)
4,969,571
Fidelity Series International Growth Fund
1,472,931,821
61,475,785
16,621,788
-
914,665
(25,005,874)
1,493,694,609
Fidelity Series International Small Cap Fund
274,691,205
4,889,556
3,092,671
-
168,105
(7,522,962)
269,133,233
Fidelity Series International Value Fund
1,484,810,124
50,257,874
34,422,821
-
1,829,611
3,488,087
1,505,962,875
Fidelity Series Intrinsic Opportunities Fund
333,545,044
9,143,125
3,703,233
-
(238,435)
(10,363,642)
328,382,859
Fidelity Series Large Cap Stock Fund
1,670,460,792
34,703,759
49,849,613
-
3,932,750
72,770,223
1,732,017,911
Fidelity Series Large Cap Value Index Fund
524,288,255
32,271,824
5,842,431
-
385,749
(11,743,578)
539,359,819
Fidelity Series Long-Term Treasury Bond Index Fund
891,345,154
52,690,330
116,841,281
7,093,235
(58,766,062)
37,018,453
805,446,594
Fidelity Series Opportunistic Insights Fund
1,056,183,422
24,966,695
62,747,023
-
7,929,807
63,977,286
1,090,310,187
Fidelity Series Overseas Fund
1,476,832,691
44,084,460
18,679,207
-
606,731
(1,031,819)
1,501,812,856
Fidelity Series Real Estate Income Fund
17,796,021
530,390
206,732
280,948
(876)
18,183
18,136,986
Fidelity Series Short-Term Credit Fund
1,232,687
-
1,226,430
1,415
26,221
(32,478)
-
Fidelity Series Small Cap Core Fund
46,735,192
641,407
111,414
219,369
11,427
(1,104,098)
46,172,514
Fidelity Series Small Cap Discovery Fund
144,639,070
19,540,298
1,611,538
8,557,045
15,696
(19,144,973)
143,438,553
Fidelity Series Small Cap Opportunities Fund
489,499,624
27,553,543
5,419,381
-
316,050
(11,433,427)
500,516,409
Fidelity Series Stock Selector Large Cap Value Fund
1,169,678,219
73,908,124
13,032,909
-
577,618
(27,615,103)
1,203,515,949
Fidelity Series Value Discovery Fund
1,044,580,595
79,021,275
11,683,480
-
761,279
(36,433,037)
1,076,246,632
18,520,870,102
694,560,902
653,004,748
19,549,931
(16,250,387)
382,781,034
18,928,956,903
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.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.
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