Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
1,074,780
10,382,379
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
108,061
796,408
Fidelity Series Emerging Markets Debt Fund (b)
1,097,230
8,668,117
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
297,903
2,547,067
Fidelity Series Floating Rate High Income Fund (b)
184,164
1,657,471
Fidelity Series High Income Fund (b)
1,090,150
9,386,195
Fidelity Series International Credit Fund (b)
69,936
576,974
Fidelity Series International Developed Markets Bond Index Fund (b)
1,825,462
15,845,014
Fidelity Series Long-Term Treasury Bond Index Fund (b)
11,654,602
61,885,934
Fidelity Series Real Estate Income Fund (b)
170,126
1,670,641
TOTAL BOND FUNDS
(Cost $137,558,679)
113,416,200
Domestic Equity Funds - 54.1%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (b)
8,701,458
138,440,204
Fidelity Advisor Series Growth Opportunities Fund (b)
5,877,386
97,270,744
Fidelity Advisor Series Small Cap Fund (b)
2,574,960
28,865,300
Fidelity Series All-Sector Equity Fund (b)
5,000,589
62,607,369
Fidelity Series Commodity Strategy Fund (b)
40,080
3,453,318
Fidelity Series Intrinsic Opportunities Fund (b)
728,157
7,740,308
Fidelity Series Large Cap Stock Fund (b)
8,114,692
186,232,182
Fidelity Series Large Cap Value Index Fund (b)
1,124,699
18,343,839
Fidelity Series Opportunistic Insights Fund (b)
4,928,869
119,229,348
Fidelity Series Small Cap Core Fund (b)
462,864
5,651,570
Fidelity Series Small Cap Discovery Fund (b)
721,768
7,852,832
Fidelity Series Small Cap Opportunities Fund (b)
2,575,704
37,682,546
Fidelity Series Stock Selector Large Cap Value Fund (b)
7,921,901
108,530,045
Fidelity Series Value Discovery Fund (b)
7,191,354
111,465,991
TOTAL DOMESTIC EQUITY FUNDS
(Cost $678,381,395)
933,365,596
International Equity Funds - 38.9%
Shares
Value ($)
Fidelity Series Canada Fund (b)
3,214,021
50,395,855
Fidelity Series Emerging Markets Fund (b)
4,761,892
41,333,221
Fidelity Series Emerging Markets Opportunities Fund (b)
9,258,443
169,614,684
Fidelity Series International Growth Fund (b)
7,378,622
128,609,377
Fidelity Series International Small Cap Fund (b)
1,454,003
23,554,852
Fidelity Series International Value Fund (b)
10,855,272
129,394,843
Fidelity Series Overseas Fund (b)
9,575,736
128,697,893
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $550,964,065)
671,600,725
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/2/2025 (d)
4.52 to 4.55
370,000
370,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
1,730,000
1,725,716
US Treasury Bills 0% 1/30/2025 (d)
4.45
1,960,000
1,953,552
US Treasury Bills 0% 1/9/2025 (d)
4.58
110,000
109,910
US Treasury Bills 0% 2/27/2025 (d)
4.45
60,000
59,606
US Treasury Bills 0% 2/6/2025 (d)
4.47
30,000
29,876
US Treasury Bills 0% 3/27/2025 (d)
4.28
370,000
366,383
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $4,613,895)
4,615,043
Money Market Funds - 0.1%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
(Cost $1,440,255)
4.36
1,439,968
1,440,256
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,372,958,289)
1,724,437,820
NET OTHER ASSETS (LIABILITIES) - 0.0%
307,565
NET ASSETS - 100.0%
1,724,745,385
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
117
Mar 2025
13,264,875
(438,480)
(438,480)
ICE MSCI Emerging Markets Index Contracts (United States)
487
Mar 2025
26,147,030
(905,340)
(905,340)
TOTAL EQUITY CONTRACTS
(1,343,820)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
282
Mar 2025
30,667,500
(260,376)
(260,376)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
346
Mar 2025
39,389,938
(1,231,764)
(1,231,764)
TOTAL INTEREST RATE CONTRACTS
(1,492,140)
TOTAL PURCHASED
(2,835,960)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
107
Mar 2025
31,756,263
963,405
963,405
TOTAL FUTURES CONTRACTS
(1,872,555)
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 1.8%
Legend
(a)
Amount is stated in United States dollars unless otherwise noted.
(b)
Affiliated Fund
(c)
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
(d)
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 $4,581,043.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
1,781,482
37,309,239
37,650,436
97,864
(29)
-
1,440,256
1,439,968
0.0%
Total
1,781,482
37,309,239
37,650,436
97,864
(29)
-
1,440,256
1,439,968
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 ($)
Shares,
end
of period
Fidelity Advisor Series Equity Growth Fund
137,019,056
45,371,284
29,014,674
31,827,392
2,912,876
(17,848,339)
138,440,203
8,701,458
Fidelity Advisor Series Growth Opportunities Fund
96,570,615
18,285,467
28,598,485
8,306,608
3,322,565
7,690,582
97,270,744
5,877,386
Fidelity Advisor Series Small Cap Fund
47,215,551
8,982,384
22,368,751
7,434,662
2,300,965
(7,264,849)
28,865,300
2,574,960
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
841,574
12,261,316
2,680,564
211,191
6,100
(46,047)
10,382,379
1,074,780
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
871,438
57,094
107,782
28,509
(13,628)
(10,714)
796,408
108,061
Fidelity Series All-Sector Equity Fund
45,360,066
22,979,313
7,990,505
4,106,888
657,793
1,600,702
62,607,369
5,000,589
Fidelity Series Canada Fund
49,886,168
6,647,221
7,268,978
1,505,259
852,157
279,287
50,395,855
3,214,021
Fidelity Series Commodity Strategy Fund
11,811,964
4,012,289
11,769,729
423,820
(2,346,656)
1,745,450
3,453,318
40,080
Fidelity Series Emerging Markets Debt Fund
9,020,630
752,394
1,153,962
372,239
(11,289)
60,344
8,668,117
1,097,230
Fidelity Series Emerging Markets Debt Local Currency Fund
2,872,349
197,722
398,240
117,651
(24,301)
(100,462)
2,547,068
297,903
Fidelity Series Emerging Markets Fund
46,941,697
3,181,544
8,549,670
1,154,355
210,339
(450,689)
41,333,221
4,761,892
Fidelity Series Emerging Markets Opportunities Fund
189,506,134
13,045,177
38,479,037
3,475,783
1,180,045
4,362,365
169,614,684
9,258,443
Fidelity Series Floating Rate High Income Fund
1,709,852
172,954
215,805
115,792
3,473
(13,002)
1,657,472
184,164
Fidelity Series Government Money Market Fund
25,639
1,624,815
1,650,454
18,921
-
-
-
-
Fidelity Series High Income Fund
9,214,584
1,415,535
1,396,650
467,496
(12,594)
165,320
9,386,195
1,090,150
Fidelity Series International Credit Fund
562,433
27,317
18,795
27,317
1,111
4,908
576,974
69,936
Fidelity Series International Developed Markets Bond Index Fund
-
16,808,380
569,645
268,974
(2,021)
(391,701)
15,845,013
1,825,462
Fidelity Series International Growth Fund
141,808,207
16,320,314
20,898,730
5,323,783
2,650,006
(11,270,420)
128,609,377
7,378,622
Fidelity Series International Small Cap Fund
26,547,808
3,092,980
4,296,674
2,253,721
663,235
(2,452,496)
23,554,853
1,454,003
Fidelity Series International Value Fund
142,974,739
14,332,118
20,975,224
5,834,456
2,943,036
(9,879,826)
129,394,843
10,855,272
Fidelity Series Intrinsic Opportunities Fund
-
7,883,019
-
11,032
-
(142,711)
7,740,308
728,157
Fidelity Series Investment Grade Bond Fund
-
3,022,973
3,038,979
8,250
16,006
-
-
-
Fidelity Series Large Cap Stock Fund
184,043,287
24,387,379
31,359,886
14,650,456
4,828,062
4,333,339
186,232,181
8,114,692
Fidelity Series Large Cap Value Index Fund
18,107,751
3,224,352
3,396,678
539,622
403,468
4,946
18,343,839
1,124,699
Fidelity Series Long-Term Treasury Bond Index Fund
85,828,804
7,261,334
27,398,253
1,946,034
(9,932,185)
6,126,234
61,885,934
11,654,602
Fidelity Series Opportunistic Insights Fund
108,603,808
25,351,095
23,141,530
7,611,576
2,524,051
5,891,924
119,229,348
4,928,869
Fidelity Series Overseas Fund
142,183,395
11,551,460
19,064,554
2,869,699
2,287,559
(8,259,967)
128,697,893
9,575,736
Fidelity Series Real Estate Income Fund
1,714,754
145,836
216,138
88,661
(1,982)
28,171
1,670,641
170,126
Fidelity Series Short-Term Credit Fund
118,930
(1)
118,326
137
2,589
(3,192)
-
-
Fidelity Series Small Cap Core Fund
5,514,896
1,661,864
1,670,088
75,317
128,148
16,750
5,651,570
462,864
Fidelity Series Small Cap Discovery Fund
-
8,033,553
-
10,466
-
(180,721)
7,852,832
721,768
Fidelity Series Small Cap Opportunities Fund
59,796,550
9,620,650
29,912,929
4,953,259
4,091,949
(5,913,674)
37,682,546
2,575,704
Fidelity Series Stock Selector Large Cap Value Fund
107,185,901
24,775,739
21,575,869
10,092,621
2,296,367
(4,152,093)
108,530,045
7,921,901
Fidelity Series Value Discovery Fund
109,648,060
25,683,993
22,001,365
4,376,900
1,805,975
(3,670,672)
111,465,991
7,191,354
1,783,506,640
342,170,864
391,296,949
120,508,847
23,743,219
(39,741,253)
1,718,382,521
120,034,884
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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