U.S. Treasury Bills, yield at date of purchase 5.3% to 5.33% 7/11/24 to 9/26/24 (b)
(Cost $2,686,447)
2,700,000
2,686,490
Domestic Equity Funds - 52.6%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
12,727,796
251,373,976
Fidelity Series Commodity Strategy Fund (c)
172,344
16,763,882
Fidelity Series Large Cap Growth Index Fund (c)
7,004,072
161,653,979
Fidelity Series Large Cap Stock Fund (c)
7,161,722
164,289,893
Fidelity Series Large Cap Value Index Fund (c)
18,682,477
292,754,421
Fidelity Series Small Cap Core Fund (c)
553,573
6,377,166
Fidelity Series Small Cap Opportunities Fund (c)
3,584,945
53,559,075
Fidelity Series Value Discovery Fund (c)
7,062,269
108,052,712
TOTAL DOMESTIC EQUITY FUNDS
(Cost $823,548,094)
1,054,825,104
International Equity Funds - 41.4%
Shares
Value ($)
Fidelity Series Canada Fund (c)
3,631,338
54,796,887
Fidelity Series Emerging Markets Fund (c)
5,838,338
53,771,090
Fidelity Series Emerging Markets Opportunities Fund (c)
11,527,524
216,832,727
Fidelity Series International Growth Fund (c)
7,684,341
140,777,120
Fidelity Series International Index Fund (c)
4,255,254
52,807,698
Fidelity Series International Small Cap Fund (c)
1,673,260
28,529,078
Fidelity Series International Value Fund (c)
11,228,439
141,927,473
Fidelity Series Overseas Fund (c)
10,028,312
141,098,354
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $740,681,462)
830,540,427
Bond Funds - 5.7%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
99,411
962,294
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
126,501
965,204
Fidelity Series Emerging Markets Debt Fund (c)
1,293,898
10,105,344
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
350,066
3,098,085
Fidelity Series Floating Rate High Income Fund (c)
214,138
1,922,962
Fidelity Series High Income Fund (c)
1,225,680
10,320,226
Fidelity Series Long-Term Treasury Bond Index Fund (c)
15,497,585
85,081,740
Fidelity Series Real Estate Income Fund (c)
198,880
1,927,145
TOTAL BOND FUNDS
(Cost $134,530,426)
114,383,000
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $2,827,250)
2,826,685
2,827,250
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,704,273,679)
2,005,262,271
NET OTHER ASSETS (LIABILITIES) - 0.0%
(716,955)
NET ASSETS - 100.0%
2,004,545,316
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
16
Sep 2024
1,874,560
1,231
1,231
ICE MSCI Emerging Markets Index Contracts (United States)
111
Sep 2024
6,039,510
11,820
11,820
TOTAL EQUITY INDEX CONTRACTS
13,051
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
672
Sep 2024
73,909,500
450,974
450,974
CBOT 5-Year U.S. Treasury Note Contracts (United States)
375
Sep 2024
39,966,797
181,711
181,711
CBOT Long Term U.S. Treasury Bond Contracts (United States)
74
Sep 2024
8,755,125
74,438
74,438
TOTAL TREASURY CONTRACTS
707,123
TOTAL PURCHASED
720,174
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
68
Sep 2024
18,773,100
(35,186)
(35,186)
TOTAL FUTURES CONTRACTS
684,988
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 $2,686,490.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
1,697,763
14,034,752
12,905,244
24,844
(21)
-
2,827,250
0.0%
Total
1,697,763
14,034,752
12,905,244
24,844
(21)
-
2,827,250
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
890,067
70,819
11,285
472
27
12,666
962,294
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
901,481
70,708
11,285
360
58
4,242
965,204
Fidelity Series Blue Chip Growth Fund
223,193,092
17,589,008
10,822,217
-
264,054
21,150,039
251,373,976
Fidelity Series Canada Fund
51,713,696
5,157,642
1,269,896
-
(17,701)
(786,854)
54,796,887
Fidelity Series Commodity Strategy Fund
12,259,675
4,476,103
290,587
-
11,921
306,770
16,763,882
Fidelity Series Emerging Markets Debt Fund
9,367,686
919,728
124,136
145,913
1,317
(59,251)
10,105,344
Fidelity Series Emerging Markets Debt Local Currency Fund
2,980,328
196,974
31,598
-
(396)
(47,223)
3,098,085
Fidelity Series Emerging Markets Fund
48,564,170
3,669,909
1,034,651
-
42,961
2,528,701
53,771,090
Fidelity Series Emerging Markets Opportunities Fund
195,929,014
16,678,967
6,614,170
-
289,943
10,548,973
216,832,727
Fidelity Series Floating Rate High Income Fund
1,777,191
182,795
22,570
42,103
(19)
(14,435)
1,922,962
Fidelity Series Government Money Market Fund 5.42%
4,909
-
4,909
8
-
-
-
Fidelity Series High Income Fund
9,569,338
915,521
121,879
155,775
818
(43,572)
10,320,226
Fidelity Series International Growth Fund
130,317,936
14,140,784
1,608,342
-
(59,214)
(2,014,044)
140,777,120
Fidelity Series International Index Fund
49,114,740
4,449,323
606,991
-
24,247
(173,621)
52,807,698
Fidelity Series International Small Cap Fund
27,507,027
2,107,378
338,481
-
11,316
(758,162)
28,529,078
Fidelity Series International Value Fund
131,295,786
12,802,000
2,715,143
-
(3,227)
548,057
141,927,473
Fidelity Series Large Cap Growth Index Fund
141,319,315
11,490,590
3,263,394
264,983
8,032
12,099,436
161,653,979
Fidelity Series Large Cap Stock Fund
149,997,355
11,485,227
4,476,282
-
(28,073)
7,311,666
164,289,893
Fidelity Series Large Cap Value Index Fund
268,187,939
33,552,969
3,259,992
-
22,832
(5,749,327)
292,754,421
Fidelity Series Long-Term Treasury Bond Index Fund
88,721,076
9,106,521
10,615,557
731,962
(3,833,949)
1,703,649
85,081,740
Fidelity Series Overseas Fund
130,620,895
12,106,621
1,727,881
-
13,514
85,205
141,098,354
Fidelity Series Real Estate Income Fund
1,777,542
170,194
22,573
29,496
482
1,500
1,927,145
Fidelity Series Short-Term Credit Fund
231,051
-
229,878
265
5,049
(6,222)
-
Fidelity Series Small Cap Core Fund
2,711,028
4,334,131
604,211
27,732
(26,697)
(37,085)
6,377,166
Fidelity Series Small Cap Opportunities Fund
66,180,174
3,609,298
14,776,394
-
568,511
(2,022,514)
53,559,075
Fidelity Series Treasury Bill Index Fund
21,221
-
21,221
34
-
-
-
Fidelity Series Value Discovery Fund
98,661,231
13,997,146
1,205,420
-
47,585
(3,447,830)
108,052,712
1,843,814,963
183,280,356
65,830,943
1,399,103
(2,656,609)
41,140,764
1,999,748,531
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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