U.S. Treasury Bills, yield at date of purchase 5.27% to 5.33% 7/5/24 to 7/25/24 (b)
(Cost $46,476,624)
46,640,000
46,477,415
Domestic Equity Funds - 34.5%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (c)
33,098,407
407,441,391
Fidelity Series Blue Chip Growth Fund (c)
56,898,424
1,123,743,881
Fidelity Series Commodity Strategy Fund (c)
2,861,217
278,310,616
Fidelity Series Growth Company Fund (c)
84,854,267
2,087,414,979
Fidelity Series Intrinsic Opportunities Fund (c)
32,472,416
374,406,957
Fidelity Series Large Cap Stock Fund (c)
85,815,591
1,968,609,648
Fidelity Series Large Cap Value Index Fund (c)
39,263,900
615,265,306
Fidelity Series Opportunistic Insights Fund (c)
52,214,196
1,247,397,133
Fidelity Series Small Cap Core Fund (c)
4,575,479
52,709,520
Fidelity Series Small Cap Discovery Fund (c)
14,759,361
163,386,131
Fidelity Series Small Cap Opportunities Fund (c)
38,042,404
568,353,518
Fidelity Series Stock Selector Large Cap Value Fund (c)
100,064,767
1,372,888,599
Fidelity Series Value Discovery Fund (c)
80,242,441
1,227,709,342
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,191,218,737)
11,487,637,021
International Equity Funds - 29.3%
Shares
Value ($)
Fidelity Series Canada Fund (c)
41,261,151
622,630,775
Fidelity Series Emerging Markets Fund (c)
72,322,743
666,092,461
Fidelity Series Emerging Markets Opportunities Fund (c)
141,571,171
2,662,953,729
Fidelity Series International Growth Fund (c)
96,440,452
1,766,789,085
Fidelity Series International Small Cap Fund (c)
28,009,799
477,567,068
Fidelity Series International Value Fund (c)
140,936,257
1,781,434,285
Fidelity Series Overseas Fund (c)
125,692,672
1,768,495,891
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $7,184,133,280)
9,745,963,294
Bond Funds - 35.9%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
789,404
7,641,427
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
217,814,044
1,661,921,156
Fidelity Series Emerging Markets Debt Fund (c)
21,344,848
166,703,264
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
5,697,009
50,418,526
Fidelity Series Floating Rate High Income Fund (c)
3,302,335
29,654,965
Fidelity Series High Income Fund (c)
19,889,692
167,471,206
Fidelity Series International Credit Fund (c)
1,947,731
15,796,098
Fidelity Series International Developed Markets Bond Index Fund (c)
148,867,748
1,272,819,247
Fidelity Series Investment Grade Bond Fund (c)
721,471,161
7,128,135,064
Fidelity Series Long-Term Treasury Bond Index Fund (c)
259,097,462
1,422,445,065
Fidelity Series Real Estate Income Fund (c)
3,301,114
31,987,794
TOTAL BOND FUNDS
(Cost $13,917,520,604)
11,954,993,812
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $52,384,064)
52,373,589
52,384,064
TOTAL INVESTMENT IN SECURITIES - 100.1%
(Cost $28,391,733,309)
33,287,455,606
NET OTHER ASSETS (LIABILITIES) - (0.1)%
(17,630,035)
NET ASSETS - 100.0%
33,269,825,571
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
39
Sep 2024
4,569,240
3,001
3,001
ICE MSCI Emerging Markets Index Contracts (United States)
1,451
Sep 2024
78,948,910
104,707
104,707
TOTAL EQUITY INDEX CONTRACTS
107,708
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
11,653
Sep 2024
1,281,647,922
8,158,909
8,158,909
CBOT 5-Year U.S. Treasury Note Contracts (United States)
7,131
Sep 2024
760,008,609
3,731,971
3,731,971
TOTAL TREASURY CONTRACTS
11,890,880
TOTAL PURCHASED
11,998,588
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
1,513
Sep 2024
417,701,475
(914,486)
(914,486)
TOTAL FUTURES CONTRACTS
11,084,102
The notional amount of futures purchased as a percentage of Net Assets is 6.4%
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 $45,988,937.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
39,054,674
183,907,785
170,577,990
527,913
(136)
(269)
52,384,064
0.1%
Total
39,054,674
183,907,785
170,577,990
527,913
(136)
(269)
52,384,064
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
7,860,420
23,798
346,243
4,102
2,155
101,297
7,641,427
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
1,611,828,634
77,788,773
34,565,069
635,255
(146,985)
7,015,803
1,661,921,156
Fidelity Series All-Sector Equity Fund
401,351,968
431,085
11,051,155
-
656,789
16,052,704
407,441,391
Fidelity Series Blue Chip Growth Fund
1,108,229,613
1,833,746
85,021,609
-
32,637,694
66,064,437
1,123,743,881
Fidelity Series Canada Fund
634,339,994
11,011,481
13,047,068
-
261,764
(9,935,396)
622,630,775
Fidelity Series Commodity Strategy Fund
217,928,798
65,027,967
10,490,157
-
(2,177,115)
8,021,123
278,310,616
Fidelity Series Emerging Markets Debt Fund
167,332,805
4,303,567
3,860,162
2,473,420
(489,728)
(583,218)
166,703,264
Fidelity Series Emerging Markets Debt Local Currency Fund
52,185,122
55,146
1,012,238
-
(141,321)
(668,183)
50,418,526
Fidelity Series Emerging Markets Fund
663,260,352
793,854
30,654,129
-
(612,844)
33,305,228
666,092,461
Fidelity Series Emerging Markets Opportunities Fund
2,661,068,408
3,176,516
139,439,448
-
1,227,061
136,921,192
2,662,953,729
Fidelity Series Floating Rate High Income Fund
29,886,277
712,404
713,213
673,003
(1,935)
(228,568)
29,654,965
Fidelity Series Government Money Market Fund 5.42%
736,584
-
736,584
1,196
-
-
-
Fidelity Series Growth Company Fund
2,065,632,622
13,145,279
173,609,066
-
37,519,583
144,726,561
2,087,414,979
Fidelity Series High Income Fund
168,194,236
3,860,640
3,775,732
2,604,979
(76,274)
(731,664)
167,471,206
Fidelity Series International Credit Fund
15,703,812
209,769
22,888
209,769
576
(95,171)
15,796,098
Fidelity Series International Developed Markets Bond Index Fund
1,281,711,139
45,146,646
27,630,385
14,951,689
(378,081)
(26,030,072)
1,272,819,247
Fidelity Series International Growth Fund
1,791,494,040
50,762,760
46,152,548
-
1,192,453
(30,507,620)
1,766,789,085
Fidelity Series International Small Cap Fund
500,126,592
1,074,920
10,513,093
-
1,221,376
(14,342,727)
477,567,068
Fidelity Series International Value Fund
1,800,043,985
34,838,405
59,722,612
-
9,868,726
(3,594,219)
1,781,434,285
Fidelity Series Intrinsic Opportunities Fund
388,994,688
6,512,947
8,810,786
-
390,580
(12,680,472)
374,406,957
Fidelity Series Investment Grade Bond Fund
7,243,589,337
117,085,075
181,327,590
76,494,424
(1,060,404)
(50,151,354)
7,128,135,064
Fidelity Series Large Cap Stock Fund
1,945,487,977
17,889,212
82,842,002
-
15,565,325
72,509,136
1,968,609,648
Fidelity Series Large Cap Value Index Fund
611,119,682
30,187,311
12,815,143
-
707,994
(13,934,538)
615,265,306
Fidelity Series Long-Term Treasury Bond Index Fund
1,624,863,081
50,131,840
212,682,274
12,783,465
(88,303,011)
48,435,429
1,422,445,065
Fidelity Series Opportunistic Insights Fund
1,231,833,815
15,443,378
82,407,276
-
20,876,192
61,651,024
1,247,397,133
Fidelity Series Overseas Fund
1,796,291,713
37,415,849
64,335,012
-
6,652,311
(7,528,970)
1,768,495,891
Fidelity Series Real Estate Income Fund
32,133,439
537,996
716,165
498,574
(21,343)
53,867
31,987,794
Fidelity Series Short-Term Credit Fund
491,549
-
489,054
564
11,436
(13,931)
-
Fidelity Series Small Cap Core Fund
53,807,401
250,427
73,494
250,427
7,538
(1,282,352)
52,709,520
Fidelity Series Small Cap Discovery Fund
169,814,906
19,284,072
3,591,787
9,785,911
303,646
(22,424,706)
163,386,131
Fidelity Series Small Cap Opportunities Fund
572,289,583
21,071,954
11,884,187
-
1,356,369
(14,480,201)
568,353,518
Fidelity Series Stock Selector Large Cap Value Fund
1,362,487,089
70,429,743
28,468,231
-
906,403
(32,466,405)
1,372,888,599
Fidelity Series Value Discovery Fund
1,218,442,738
76,463,204
25,763,836
-
892,118
(42,324,882)
1,227,709,342
33,430,562,399
776,899,764
1,368,570,236
121,366,778
38,849,048
310,853,152
33,188,594,127
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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