U.S. Treasury Bills, yield at date of purchase 5.3% to 5.33% 7/11/24 to 9/26/24 (b)
(Cost $3,226,791)
3,240,000
3,226,846
Domestic Equity Funds - 34.5%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
9,888,288
195,293,680
Fidelity Series Commodity Strategy Fund (c)
206,175
20,054,646
Fidelity Series Large Cap Growth Index Fund (c)
5,441,883
125,598,671
Fidelity Series Large Cap Stock Fund (c)
5,551,610
127,353,944
Fidelity Series Large Cap Value Index Fund (c)
14,531,245
227,704,615
Fidelity Series Small Cap Core Fund (c)
381,589
4,395,906
Fidelity Series Small Cap Opportunities Fund (c)
2,879,033
43,012,758
Fidelity Series Value Discovery Fund (c)
5,492,987
84,042,694
TOTAL DOMESTIC EQUITY FUNDS
(Cost $620,504,708)
827,456,914
International Equity Funds - 29.3%
Shares
Value ($)
Fidelity Series Canada Fund (c)
2,914,800
43,984,338
Fidelity Series Emerging Markets Fund (c)
5,208,493
47,970,220
Fidelity Series Emerging Markets Opportunities Fund (c)
10,195,505
191,777,454
Fidelity Series International Growth Fund (c)
6,184,391
113,298,050
Fidelity Series International Index Fund (c)
3,439,876
42,688,855
Fidelity Series International Small Cap Fund (c)
2,019,239
34,428,017
Fidelity Series International Value Fund (c)
9,037,368
114,232,338
Fidelity Series Overseas Fund (c)
8,062,877
113,444,678
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $613,353,953)
701,823,950
Bond Funds - 35.9%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
68,282
660,970
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
15,691,250
119,724,235
Fidelity Series Corporate Bond Fund (c)
11,235,869
102,695,845
Fidelity Series Emerging Markets Debt Fund (c)
1,544,055
12,059,071
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
408,194
3,612,514
Fidelity Series Floating Rate High Income Fund (c)
241,821
2,171,550
Fidelity Series Government Bond Index Fund (c)
17,338,197
156,737,303
Fidelity Series High Income Fund (c)
1,439,041
12,116,723
Fidelity Series International Developed Markets Bond Index Fund (c)
10,858,044
92,836,273
Fidelity Series Investment Grade Bond Fund (c)
15,572,226
153,853,591
Fidelity Series Investment Grade Securitized Fund (c)
11,382,382
100,051,138
Fidelity Series Long-Term Treasury Bond Index Fund (c)
18,659,955
102,443,151
Fidelity Series Real Estate Income Fund (c)
240,000
2,325,603
TOTAL BOND FUNDS
(Cost $959,996,474)
861,287,967
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
3,496,599
3,497,298
Fidelity Series Short-Term Credit Fund (c)
36
358
TOTAL SHORT-TERM FUNDS
(Cost $3,497,653)
3,497,656
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $2,200,579,579)
2,397,293,333
NET OTHER ASSETS (LIABILITIES) - 0.0%
(716,152)
NET ASSETS - 100.0%
2,396,577,181
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
3
Sep 2024
351,480
231
231
ICE MSCI Emerging Markets Index Contracts (United States)
104
Sep 2024
5,658,640
6,360
6,360
TOTAL EQUITY INDEX CONTRACTS
6,591
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
836
Sep 2024
91,946,938
579,119
579,119
CBOT 5-Year U.S. Treasury Note Contracts (United States)
512
Sep 2024
54,568,000
264,862
264,862
TOTAL TREASURY CONTRACTS
843,981
TOTAL PURCHASED
850,572
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
108
Sep 2024
29,816,100
(61,121)
(61,121)
TOTAL FUTURES CONTRACTS
789,451
The notional amount of futures purchased as a percentage of Net Assets is 6.3%
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 $3,226,846.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
2,337,806
15,548,410
14,388,897
35,457
(21)
-
3,497,298
0.0%
Total
2,337,806
15,548,410
14,388,897
35,457
(21)
-
3,497,298
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
582,785
85,714
16,240
318
8
8,703
660,970
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
106,959,180
13,784,014
1,609,717
43,179
2,970
587,788
119,724,235
Fidelity Series Blue Chip Growth Fund
173,797,243
13,357,562
8,527,580
-
212,026
16,454,429
195,293,680
Fidelity Series Canada Fund
42,148,204
3,805,197
1,297,994
-
(21,831)
(649,238)
43,984,338
Fidelity Series Commodity Strategy Fund
14,544,646
5,697,576
571,012
-
19,807
363,629
20,054,646
Fidelity Series Corporate Bond Fund
98,031,987
8,207,750
2,705,621
1,133,322
986
(839,257)
102,695,845
Fidelity Series Emerging Markets Debt Fund
11,189,066
1,119,538
178,645
175,668
1,407
(72,295)
12,059,071
Fidelity Series Emerging Markets Debt Local Currency Fund
3,475,019
239,110
45,473
-
(319)
(55,823)
3,612,514
Fidelity Series Emerging Markets Fund
44,047,884
3,160,183
1,550,340
-
1,809
2,310,684
47,970,220
Fidelity Series Emerging Markets Opportunities Fund
176,792,560
12,784,959
7,524,925
-
153,322
9,571,538
191,777,454
Fidelity Series Floating Rate High Income Fund
2,001,761
218,703
32,481
47,912
(53)
(16,380)
2,171,550
Fidelity Series Government Bond Index Fund
143,464,570
16,109,004
2,133,552
1,242,236
(2,214)
(700,505)
156,737,303
Fidelity Series Government Money Market Fund 5.42%
10,242
-
10,242
17
-
-
-
Fidelity Series High Income Fund
11,236,521
1,106,723
175,397
184,452
418
(51,542)
12,116,723
Fidelity Series International Developed Markets Bond Index Fund
86,063,632
9,840,360
1,268,222
1,028,269
(11,759)
(1,787,738)
92,836,273
Fidelity Series International Growth Fund
105,753,041
10,824,151
1,552,349
-
(608)
(1,726,185)
113,298,050
Fidelity Series International Index Fund
40,037,710
3,552,478
773,566
-
721
(128,488)
42,688,855
Fidelity Series International Small Cap Fund
33,230,417
2,595,216
487,206
-
(905)
(909,505)
34,428,017
Fidelity Series International Value Fund
106,257,633
10,260,437
2,712,002
-
(31,185)
457,455
114,232,338
Fidelity Series Investment Grade Bond Fund
144,388,324
12,949,707
2,516,306
1,611,615
4,874
(973,008)
153,853,591
Fidelity Series Investment Grade Securitized Fund
95,149,879
7,921,550
2,392,803
1,055,399
287
(627,775)
100,051,138
Fidelity Series Large Cap Growth Index Fund
110,098,024
8,718,550
2,633,672
205,807
5,161
9,410,608
125,598,671
Fidelity Series Large Cap Stock Fund
116,649,527
9,032,355
4,000,916
-
(24,660)
5,697,638
127,353,944
Fidelity Series Large Cap Value Index Fund
208,514,079
26,764,439
3,036,528
-
(22,141)
(4,515,234)
227,704,615
Fidelity Series Long-Term Treasury Bond Index Fund
107,962,286
9,634,332
12,533,714
897,712
(2,785,096)
165,343
102,443,151
Fidelity Series Overseas Fund
106,000,652
10,076,768
2,688,905
-
(2,722)
58,885
113,444,678
Fidelity Series Real Estate Income Fund
2,149,093
206,536
32,480
35,742
174
2,280
2,325,603
Fidelity Series Short-Term Credit Fund
307,407
354
305,846
355
6,815
(8,372)
358
Fidelity Series Small Cap Core Fund
2,021,726
2,917,287
485,301
19,393
(22,780)
(35,026)
4,395,906
Fidelity Series Small Cap Opportunities Fund
51,579,187
2,811,752
10,234,439
-
417,792
(1,561,534)
43,012,758
Fidelity Series Treasury Bill Index Fund
31,766
-
31,766
50
-
-
-
Fidelity Series Value Discovery Fund
77,014,435
10,830,977
1,121,231
-
9,421
(2,690,908)
84,042,694
2,221,490,486
218,613,282
75,186,471
7,681,446
(2,088,275)
27,740,167
2,390,569,189
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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