U.S. Treasury Bills, yield at date of purchase 5.28% to 5.33% 7/5/24 to 9/26/24 (b)
(Cost $28,927,450)
29,050,000
28,927,903
Domestic Equity Funds - 52.6%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
32,074,987
394,843,093
Fidelity Series Blue Chip Growth Fund (c)
54,866,761
1,083,618,537
Fidelity Series Commodity Strategy Fund (c)
1,799,705
175,057,264
Fidelity Series Growth Company Fund (c)
81,947,806
2,015,916,028
Fidelity Series Intrinsic Opportunities Fund (c)
31,430,037
362,388,332
Fidelity Series Large Cap Stock Fund (c)
83,323,176
1,911,433,654
Fidelity Series Large Cap Value Index Fund (c)
37,985,741
595,236,569
Fidelity Series Opportunistic Insights Fund (c)
50,366,012
1,203,244,020
Fidelity Series Small Cap Core Fund (c)
4,436,564
51,109,214
Fidelity Series Small Cap Discovery Fund (c)
14,299,264
158,292,849
Fidelity Series Small Cap Opportunities Fund (c)
36,970,908
552,345,360
Fidelity Series Stock Selector Large Cap Value Fund (c)
96,807,429
1,328,197,922
Fidelity Series Value Discovery Fund (c)
77,630,326
1,187,743,988
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,620,844,298)
11,019,426,830
International Equity Funds - 41.4%
Shares
Value ($)
Fidelity Series Canada Fund (c)
38,485,877
580,751,886
Fidelity Series Emerging Markets Fund (c)
60,872,219
560,633,139
Fidelity Series Emerging Markets Opportunities Fund (c)
120,239,230
2,261,699,922
Fidelity Series International Growth Fund (c)
89,977,794
1,648,393,187
Fidelity Series International Small Cap Fund (c)
17,420,237
297,015,040
Fidelity Series International Value Fund (c)
131,481,968
1,661,932,076
Fidelity Series Overseas Fund (c)
117,796,996
1,657,403,731
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $7,036,455,576)
8,667,828,981
Bond Funds - 5.8%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
1,006,951
9,747,285
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
1,316,105
10,041,883
Fidelity Series Emerging Markets Debt Fund (c)
13,662,387
106,703,242
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
3,671,287
32,490,888
Fidelity Series Floating Rate High Income Fund (c)
2,220,482
19,939,930
Fidelity Series High Income Fund (c)
12,969,753
109,205,319
Fidelity Series International Credit Fund (c)
730,073
5,920,894
Fidelity Series Long-Term Treasury Bond Index Fund (c)
161,910,768
888,890,116
Fidelity Series Real Estate Income Fund (c)
2,065,076
20,010,590
TOTAL BOND FUNDS
(Cost $1,525,258,435)
1,202,950,147
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $32,004,169)
31,997,769
32,004,169
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $16,243,489,928)
20,951,138,030
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(13,172,249)
NET ASSETS - 100.0%
20,937,965,781
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
218
Sep 2024
25,540,880
22,735
22,735
ICE MSCI Emerging Markets Index Contracts (United States)
1,270
Sep 2024
69,100,700
138,883
138,883
TOTAL EQUITY INDEX CONTRACTS
161,618
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
7,043
Sep 2024
774,619,953
4,800,852
4,800,852
CBOT 5-Year U.S. Treasury Note Contracts (United States)
3,934
Sep 2024
419,278,344
1,935,552
1,935,552
CBOT Long Term U.S. Treasury Bond Contracts (United States)
774
Sep 2024
91,573,875
785,443
785,443
TOTAL TREASURY CONTRACTS
7,521,847
TOTAL PURCHASED
7,683,465
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
713
Sep 2024
196,841,475
(371,596)
(371,596)
TOTAL FUTURES CONTRACTS
7,311,869
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 $28,927,903.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
19,774,223
123,943,857
111,713,554
283,718
(357)
-
32,004,169
0.1%
Total
19,774,223
123,943,857
111,713,554
283,718
(357)
-
32,004,169
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
9,596,736
111,660
91,580
5,027
86
130,383
9,747,285
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
9,984,628
110,575
91,808
3,943
(7,836)
46,324
10,041,883
Fidelity Series All-Sector Equity Fund
378,668,898
3,912,993
3,956,778
-
44,722
16,173,258
394,843,093
Fidelity Series Blue Chip Growth Fund
1,048,605,659
15,171,798
75,631,493
-
19,909,740
75,562,833
1,083,618,537
Fidelity Series Canada Fund
572,350,467
22,458,895
5,253,531
-
338,359
(9,142,304)
580,751,886
Fidelity Series Commodity Strategy Fund
135,365,086
39,124,578
3,014,015
-
74,271
3,507,344
175,057,264
Fidelity Series Emerging Markets Debt Fund
103,322,631
5,030,882
999,837
1,557,406
7,349
(657,783)
106,703,242
Fidelity Series Emerging Markets Debt Local Currency Fund
32,974,415
298,571
265,539
-
(5,468)
(511,091)
32,490,888
Fidelity Series Emerging Markets Fund
538,692,016
5,612,981
10,835,767
-
(4,074)
27,167,983
560,633,139
Fidelity Series Emerging Markets Opportunities Fund
2,173,738,716
43,969,383
71,001,104
-
(9,239,004)
124,231,931
2,261,699,922
Fidelity Series Floating Rate High Income Fund
19,616,335
660,764
183,750
447,501
(47)
(153,372)
19,939,930
Fidelity Series Government Money Market Fund 5.42%
293,546
-
293,546
477
-
-
-
Fidelity Series Growth Company Fund
1,957,404,972
34,922,840
152,764,240
-
17,596,856
158,755,600
2,015,916,028
Fidelity Series High Income Fund
105,603,946
5,081,744
988,661
1,665,836
(2,708)
(489,002)
109,205,319
Fidelity Series International Credit Fund
5,887,652
78,647
9,912
78,646
199
(35,692)
5,920,894
Fidelity Series International Growth Fund
1,626,652,343
62,879,694
14,761,816
-
742,179
(27,119,213)
1,648,393,187
Fidelity Series International Small Cap Fund
303,348,667
4,496,041
2,747,075
-
135,647
(8,218,240)
297,015,040
Fidelity Series International Value Fund
1,639,789,260
50,794,369
34,722,956
-
2,358,673
3,712,730
1,661,932,076
Fidelity Series Intrinsic Opportunities Fund
368,359,861
8,988,191
3,287,472
-
(84,735)
(11,587,513)
362,388,332
Fidelity Series Large Cap Stock Fund
1,844,818,738
33,027,106
51,321,305
-
4,716,602
80,192,513
1,911,433,654
Fidelity Series Large Cap Value Index Fund
579,004,702
33,916,097
5,184,930
-
288,306
(12,787,606)
595,236,569
Fidelity Series Long-Term Treasury Bond Index Fund
984,386,482
55,679,955
127,225,807
7,836,915
(63,696,841)
39,746,327
888,890,116
Fidelity Series Opportunistic Insights Fund
1,166,388,875
24,163,415
66,898,070
-
7,560,755
72,029,045
1,203,244,020
Fidelity Series Overseas Fund
1,630,959,820
43,766,248
17,070,822
-
367,081
(618,596)
1,657,403,731
Fidelity Series Real Estate Income Fund
19,650,596
523,490
183,540
310,225
220
19,824
20,010,590
Fidelity Series Short-Term Credit Fund
996,698
1
991,639
1,144
21,600
(26,660)
-
Fidelity Series Small Cap Core Fund
51,810,544
594,198
81,745
242,824
8,384
(1,222,167)
51,109,214
Fidelity Series Small Cap Discovery Fund
159,726,486
21,107,727
1,430,058
9,448,037
36,331
(21,147,637)
158,292,849
Fidelity Series Small Cap Opportunities Fund
540,572,134
28,792,025
4,814,072
-
292,141
(12,496,868)
552,345,360
Fidelity Series Stock Selector Large Cap Value Fund
1,291,766,477
77,772,332
11,566,095
-
447,619
(30,222,411)
1,328,197,922
Fidelity Series Value Discovery Fund
1,153,577,786
83,879,329
10,365,841
-
471,372
(39,818,658)
1,187,743,988
20,453,915,172
706,926,529
678,034,804
21,597,981
(17,622,221)
425,021,282
20,890,205,958
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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