U.S. Treasury Bills, yield at date of purchase 5.31% to 5.33% 7/25/24 to 9/19/24 (b)
(Cost $189,049)
190,000
189,053
Domestic Equity Funds - 10.3%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
144,935
2,862,474
Fidelity Series Commodity Strategy Fund (c)
11,332
1,102,267
Fidelity Series Large Cap Growth Index Fund (c)
78,543
1,812,765
Fidelity Series Large Cap Stock Fund (c)
83,925
1,925,238
Fidelity Series Large Cap Value Index Fund (c)
219,654
3,441,980
Fidelity Series Small Cap Core Fund (c)
12,785
147,289
Fidelity Series Small Cap Opportunities Fund (c)
45,354
677,594
Fidelity Series Value Discovery Fund (c)
83,030
1,270,360
TOTAL DOMESTIC EQUITY FUNDS
(Cost $10,729,665)
13,239,967
International Equity Funds - 13.1%
Shares
Value ($)
Fidelity Series Canada Fund (c)
55,828
842,447
Fidelity Series Emerging Markets Fund (c)
148,758
1,370,065
Fidelity Series Emerging Markets Opportunities Fund (c)
291,170
5,476,899
Fidelity Series International Growth Fund (c)
118,436
2,169,742
Fidelity Series International Index Fund (c)
65,873
817,484
Fidelity Series International Small Cap Fund (c)
108,858
1,856,030
Fidelity Series International Value Fund (c)
173,113
2,188,147
Fidelity Series Overseas Fund (c)
154,414
2,172,608
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $14,350,963)
16,893,422
Bond Funds - 66.4%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
2,661,602
25,764,313
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
8,311
63,411
Fidelity Series Corporate Bond Fund (c)
1,072,087
9,798,879
Fidelity Series Emerging Markets Debt Fund (c)
86,699
677,123
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
23,587
208,744
Fidelity Series Floating Rate High Income Fund (c)
14,032
126,010
Fidelity Series Government Bond Index Fund (c)
1,659,620
15,002,969
Fidelity Series High Income Fund (c)
82,515
694,774
Fidelity Series International Developed Markets Bond Index Fund (c)
599,667
5,127,156
Fidelity Series Investment Grade Bond Fund (c)
1,490,086
14,722,053
Fidelity Series Investment Grade Securitized Fund (c)
1,086,077
9,546,620
Fidelity Series Long-Term Treasury Bond Index Fund (c)
652,876
3,584,289
Fidelity Series Real Estate Income Fund (c)
13,055
126,506
TOTAL BOND FUNDS
(Cost $92,384,459)
85,442,847
Short-Term Funds - 10.1%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
76,347
76,363
Fidelity Series Government Money Market Fund 5.42% (c)(e)
2,623,346
2,623,346
Fidelity Series Short-Term Credit Fund (c)
239,786
2,366,684
Fidelity Series Treasury Bill Index Fund (c)
792,944
7,873,932
TOTAL SHORT-TERM FUNDS
(Cost $12,965,258)
12,940,325
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $130,619,394)
128,705,614
NET OTHER ASSETS (LIABILITIES) - 0.0%
(23,868)
NET ASSETS - 100.0%
128,681,746
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI Emerging Markets Index Contracts (United States)
6
Sep 2024
326,460
(237)
(237)
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
46
Sep 2024
5,059,281
20,189
20,189
CBOT 5-Year U.S. Treasury Note Contracts (United States)
28
Sep 2024
2,984,188
9,535
9,535
TOTAL TREASURY CONTRACTS
29,724
TOTAL PURCHASED
29,487
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
6
Sep 2024
1,656,450
(2,723)
(2,723)
TOTAL FUTURES CONTRACTS
26,764
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 1.3%
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 $189,053.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(e)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
62,790
450,751
437,174
1,203
(4)
-
76,363
0.0%
Total
62,790
450,751
437,174
1,203
(4)
-
76,363
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
18,765,444
8,551,324
1,731,695
9,737
4,751
174,489
25,764,313
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
46,848
137,126
115,179
18
(7,901)
2,517
63,411
Fidelity Series Blue Chip Growth Fund
1,929,679
736,016
152,849
-
824
348,804
2,862,474
Fidelity Series Canada Fund
622,769
264,435
81,605
-
(793)
37,641
842,447
Fidelity Series Commodity Strategy Fund
629,103
593,887
82,243
-
880
(39,360)
1,102,267
Fidelity Series Corporate Bond Fund
7,370,586
3,679,317
1,014,157
83,970
269
(237,136)
9,798,879
Fidelity Series Emerging Markets Debt Fund
495,381
238,479
43,333
7,648
110
(13,514)
677,123
Fidelity Series Emerging Markets Debt Local Currency Fund
160,024
66,020
11,792
-
(164)
(5,344)
208,744
Fidelity Series Emerging Markets Fund
1,024,969
424,845
164,528
-
2,492
82,287
1,370,065
Fidelity Series Emerging Markets Opportunities Fund
4,114,042
1,717,967
685,926
-
(11,590)
342,406
5,476,899
Fidelity Series Floating Rate High Income Fund
91,564
42,950
7,879
2,156
(17)
(608)
126,010
Fidelity Series Government Bond Index Fund
10,801,984
5,763,681
1,192,244
92,648
2,424
(372,876)
15,002,969
Fidelity Series Government Money Market Fund 5.42%
1,971,648
905,207
253,509
26,643
-
-
2,623,346
Fidelity Series High Income Fund
511,648
238,472
45,072
8,229
36
(10,310)
694,774
Fidelity Series International Developed Markets Bond Index Fund
3,681,113
1,907,099
313,168
43,096
(679)
(147,209)
5,127,156
Fidelity Series International Growth Fund
1,562,685
734,665
163,246
-
463
35,175
2,169,742
Fidelity Series International Index Fund
591,628
261,652
64,887
-
(122)
29,213
817,484
Fidelity Series International Small Cap Fund
1,411,183
563,066
117,742
-
(273)
(204)
1,856,030
Fidelity Series International Value Fund
1,570,116
667,201
153,798
-
736
103,892
2,188,147
Fidelity Series Investment Grade Bond Fund
10,871,915
5,600,845
1,358,375
119,755
1,691
(394,023)
14,722,053
Fidelity Series Investment Grade Securitized Fund
7,194,047
3,579,137
961,483
78,380
(6,047)
(259,034)
9,546,620
Fidelity Series Large Cap Growth Index Fund
1,212,706
443,893
96,737
3,000
340
252,563
1,812,765
Fidelity Series Large Cap Stock Fund
1,288,376
553,638
89,161
-
888
171,497
1,925,238
Fidelity Series Large Cap Value Index Fund
2,320,463
1,210,720
158,503
-
409
68,891
3,441,980
Fidelity Series Long-Term Treasury Bond Index Fund
3,145,065
1,338,974
739,207
24,538
(274,322)
113,779
3,584,289
Fidelity Series Overseas Fund
1,566,331
679,133
182,025
-
446
108,723
2,172,608
Fidelity Series Real Estate Income Fund
92,115
41,997
7,879
1,643
(17)
290
126,506
Fidelity Series Short-Term Credit Fund
1,941,997
645,941
227,178
19,081
1,158
4,766
2,366,684
Fidelity Series Small Cap Core Fund
13,433
132,997
-
626
-
859
147,289
Fidelity Series Small Cap Opportunities Fund
557,368
160,042
53,490
-
1,541
12,133
677,594
Fidelity Series Treasury Bill Index Fund
5,945,101
2,634,792
703,677
78,426
(978)
(1,306)
7,873,932
Fidelity Series Value Discovery Fund
838,987
484,468
58,423
-
1,975
3,353
1,270,360
94,340,318
44,999,986
11,030,990
599,594
(281,470)
412,354
128,440,198
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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