U.S. Treasury Bills, yield at date of purchase 5.3% to 5.33% 7/25/24 to 9/26/24 (b)
(Cost $3,004,918)
3,020,000
3,004,968
Domestic Equity Funds - 52.6%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (c)
14,183,206
280,118,326
Fidelity Series Commodity Strategy Fund (c)
192,000
18,675,877
Fidelity Series Large Cap Growth Index Fund (c)
7,805,397
180,148,554
Fidelity Series Large Cap Stock Fund (c)
7,980,345
183,069,104
Fidelity Series Large Cap Value Index Fund (c)
20,816,514
326,194,780
Fidelity Series Small Cap Core Fund (c)
576,708
6,643,671
Fidelity Series Small Cap Opportunities Fund (c)
4,020,454
60,065,590
Fidelity Series Value Discovery Fund (c)
7,868,961
120,395,109
TOTAL DOMESTIC EQUITY FUNDS
(Cost $911,014,733)
1,175,311,011
International Equity Funds - 41.4%
Shares
Value ($)
Fidelity Series Canada Fund (c)
4,046,127
61,056,053
Fidelity Series Emerging Markets Fund (c)
6,504,482
59,906,278
Fidelity Series Emerging Markets Opportunities Fund (c)
12,841,207
241,543,099
Fidelity Series International Growth Fund (c)
8,560,883
156,835,374
Fidelity Series International Index Fund (c)
4,739,528
58,817,543
Fidelity Series International Small Cap Fund (c)
1,863,995
31,781,109
Fidelity Series International Value Fund (c)
12,509,203
158,116,325
Fidelity Series Overseas Fund (c)
11,174,064
157,219,084
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $824,055,334)
925,274,865
Bond Funds - 5.7%
Shares
Value ($)
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (c)
111,314
1,077,517
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (c)
140,918
1,075,201
Fidelity Series Emerging Markets Debt Fund (c)
1,441,078
11,254,819
Fidelity Series Emerging Markets Debt Local Currency Fund (c)
390,215
3,453,406
Fidelity Series Floating Rate High Income Fund (c)
238,540
2,142,093
Fidelity Series High Income Fund (c)
1,365,277
11,495,635
Fidelity Series Long-Term Treasury Bond Index Fund (c)
17,268,117
94,801,961
Fidelity Series Real Estate Income Fund (c)
221,539
2,146,711
TOTAL BOND FUNDS
(Cost $150,366,811)
127,447,343
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Cash Central Fund 5.38% (d)
(Cost $3,275,836)
3,275,181
3,275,836
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,891,717,632)
2,234,314,023
NET OTHER ASSETS (LIABILITIES) - 0.0%
(795,842)
NET ASSETS - 100.0%
2,233,518,181
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Index Contracts
ICE MSCI EAFE Index Contracts (United States)
19
Sep 2024
2,226,040
1,462
1,462
ICE MSCI Emerging Markets Index Contracts (United States)
125
Sep 2024
6,801,250
13,414
13,414
TOTAL EQUITY INDEX CONTRACTS
14,876
Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
749
Sep 2024
82,378,297
504,565
504,565
CBOT 5-Year U.S. Treasury Note Contracts (United States)
418
Sep 2024
44,549,656
204,090
204,090
CBOT Long Term U.S. Treasury Bond Contracts (United States)
82
Sep 2024
9,701,625
83,829
83,829
TOTAL TREASURY CONTRACTS
792,484
TOTAL PURCHASED
807,360
Sold
Equity Index Contracts
CME E-mini S&P 500 Index Contracts (United States)
76
Sep 2024
20,981,700
(38,818)
(38,818)
TOTAL FUTURES CONTRACTS
768,542
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 $3,004,968.
(c)
Affiliated Fund
(d)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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%
1,950,260
14,828,085
13,502,482
28,955
(27)
-
3,275,836
0.0%
Total
1,950,260
14,828,085
13,502,482
28,955
(27)
-
3,275,836
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
1,004,554
70,954
12,265
531
17
14,257
1,077,517
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
1,011,768
70,825
12,265
403
111
4,762
1,075,201
Fidelity Series Blue Chip Growth Fund
250,485,006
17,823,383
12,185,298
-
291,712
23,703,523
280,118,326
Fidelity Series Canada Fund
58,029,702
5,297,564
1,366,977
-
(19,990)
(884,246)
61,056,053
Fidelity Series Commodity Strategy Fund
13,758,499
4,890,073
330,941
-
12,888
345,358
18,675,877
Fidelity Series Emerging Markets Debt Fund
10,516,077
937,932
134,918
163,291
1,853
(66,125)
11,254,819
Fidelity Series Emerging Markets Debt Local Currency Fund
3,343,811
197,185
34,343
-
(313)
(52,934)
3,453,406
Fidelity Series Emerging Markets Fund
54,484,705
3,688,027
1,142,543
-
39,212
2,836,877
59,906,278
Fidelity Series Emerging Markets Opportunities Fund
219,881,668
16,732,116
7,201,539
-
296,358
11,834,496
241,543,099
Fidelity Series Floating Rate High Income Fund
1,994,812
187,960
24,531
47,116
(27)
(16,121)
2,142,093
Fidelity Series Government Money Market Fund 5.42%
5,149
-
5,149
8
-
-
-
Fidelity Series High Income Fund
10,740,891
934,874
132,465
174,318
1,200
(48,865)
11,495,635
Fidelity Series International Growth Fund
146,251,401
14,634,209
1,745,579
-
42,921
(2,347,578)
156,835,374
Fidelity Series International Index Fund
55,113,484
4,524,545
658,673
-
30,690
(192,503)
58,817,543
Fidelity Series International Small Cap Fund
30,872,435
2,109,368
367,926
-
10,011
(842,779)
31,781,109
Fidelity Series International Value Fund
147,358,808
13,238,850
3,095,762
-
(6,441)
620,870
158,116,325
Fidelity Series Large Cap Growth Index Fund
158,593,575
11,687,051
3,693,558
295,164
7,368
13,554,118
180,148,554
Fidelity Series Large Cap Stock Fund
168,348,694
11,531,513
4,965,623
-
(36,688)
8,191,208
183,069,104
Fidelity Series Large Cap Value Index Fund
300,999,376
35,146,294
3,545,849
-
23,627
(6,428,668)
326,194,780
Fidelity Series Long-Term Treasury Bond Index Fund
99,577,937
9,311,477
11,713,171
819,034
(4,918,943)
2,544,661
94,801,961
Fidelity Series Overseas Fund
146,591,358
12,384,103
1,878,298
-
83,658
38,263
157,219,084
Fidelity Series Real Estate Income Fund
1,995,074
173,844
24,531
32,998
464
1,860
2,146,711
Fidelity Series Short-Term Credit Fund
378,439
-
376,518
434
8,626
(10,547)
-
Fidelity Series Small Cap Core Fund
3,043,633
4,483,122
806,367
29,192
(35,246)
(41,471)
6,643,671
Fidelity Series Small Cap Opportunities Fund
74,276,214
3,869,369
16,454,761
-
569,678
(2,194,910)
60,065,590
Fidelity Series Treasury Bill Index Fund
23,455
-
23,455
37
-
-
-
Fidelity Series Value Discovery Fund
110,717,142
14,793,390
1,310,886
-
39,048
(3,843,585)
120,395,109
2,069,397,667
188,718,028
73,244,191
1,562,526
(3,558,206)
46,719,921
2,228,033,219
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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