Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
5,010,693
48,403,294
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
2,778,656
20,478,698
Fidelity Series Emerging Markets Debt Fund (b)
293,309
2,317,143
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
83,270
711,959
Fidelity Series Floating Rate High Income Fund (b)
39,873
358,856
Fidelity Series High Income Fund (b)
279,517
2,406,639
Fidelity Series International Credit Fund (b)
86,673
715,054
Fidelity Series International Developed Markets Bond Index Fund (b)
2,452,297
21,285,938
Fidelity Series Investment Grade Bond Fund (b)
14,257,461
140,863,720
Fidelity Series Long-Term Treasury Bond Index Fund (b)
2,415,247
12,824,960
Fidelity Series Real Estate Income Fund (b)
42,846
420,746
TOTAL BOND FUNDS
(Cost $275,187,815)
250,787,007
Domestic Equity Funds - 20.8%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (b)
860,310
13,687,538
Fidelity Advisor Series Growth Opportunities Fund (b)
581,098
9,617,170
Fidelity Advisor Series Small Cap Fund (b)
254,786
2,856,149
Fidelity Series All-Sector Equity Fund (b)
494,399
6,189,869
Fidelity Series Commodity Strategy Fund (b)
10,277
885,495
Fidelity Series Intrinsic Opportunities Fund (b)
63,367
673,594
Fidelity Series Large Cap Stock Fund (b)
798,315
18,321,321
Fidelity Series Large Cap Value Index Fund (b)
106,304
1,733,818
Fidelity Series Opportunistic Insights Fund (b)
487,307
11,787,950
Fidelity Series Small Cap Core Fund (b)
44,544
543,878
Fidelity Series Small Cap Discovery Fund (b)
62,911
684,477
Fidelity Series Small Cap Opportunities Fund (b)
254,357
3,721,242
Fidelity Series Stock Selector Large Cap Value Fund (b)
776,670
10,640,380
Fidelity Series Value Discovery Fund (b)
705,190
10,930,449
TOTAL DOMESTIC EQUITY FUNDS
(Cost $58,565,571)
92,273,330
International Equity Funds - 16.9%
Shares
Value ($)
Fidelity Series Canada Fund (b)
316,880
4,968,676
Fidelity Series Emerging Markets Fund (b)
597,274
5,184,341
Fidelity Series Emerging Markets Opportunities Fund (b)
1,134,390
20,782,027
Fidelity Series International Growth Fund (b)
724,496
12,627,965
Fidelity Series International Small Cap Fund (b)
372,816
6,039,618
Fidelity Series International Value Fund (b)
1,067,553
12,725,232
Fidelity Series Overseas Fund (b)
946,249
12,717,591
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $51,213,315)
75,045,450
Short-Term Funds - 0.9%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
(Cost $3,767,206)
380,871
3,801,090
U.S. Treasury Obligations - 0.2%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/2/2025
4.52
20,000
20,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
690,000
688,291
US Treasury Bills 0% 1/30/2025 (d)
4.45
440,000
438,552
US Treasury Bills 0% 1/9/2025 (d)
4.58
20,000
19,984
US Treasury Bills 0% 2/6/2025 (d)
4.47
30,000
29,877
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $1,196,388)
1,196,704
Money Market Funds - 4.6%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
421,636
421,720
Fidelity Series Government Money Market Fund (b)(f)
4.58
19,919,112
19,919,112
TOTAL MONEY MARKET FUNDS
(Cost $20,340,832)
20,340,832
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $410,271,127)
443,444,413
NET OTHER ASSETS (LIABILITIES) - 0.0%
(91,941)
NET ASSETS - 100.0%
443,352,472
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
33
Mar 2025
3,741,375
(124,049)
(124,049)
ICE MSCI Emerging Markets Index Contracts (United States)
102
Mar 2025
5,476,380
(189,507)
(189,507)
TOTAL EQUITY CONTRACTS
(313,556)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
111
Mar 2025
12,071,250
(106,972)
(106,972)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
19
Mar 2025
2,019,789
(7,893)
(7,893)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
36
Mar 2025
4,098,375
(103,584)
(103,584)
TOTAL INTEREST RATE CONTRACTS
(218,449)
TOTAL PURCHASED
(532,005)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
27
Mar 2025
8,013,263
260,149
260,149
TOTAL FUTURES CONTRACTS
(271,856)
The notional amount of futures purchased as a percentage of Net Assets is 6.1%
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 $1,101,890.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
859,229
8,421,319
8,858,819
25,673
(7)
(2)
421,720
421,636
0.0%
Total
859,229
8,421,319
8,858,819
25,673
(7)
(2)
421,720
421,636
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
14,001,675
4,581,643
3,479,853
3,128,812
802,673
(2,218,601)
13,687,537
860,310
Fidelity Advisor Series Growth Opportunities Fund
9,873,029
1,585,323
2,955,880
819,016
607,833
506,864
9,617,169
581,098
Fidelity Advisor Series Small Cap Fund
4,844,881
788,118
2,279,720
736,445
342,269
(839,399)
2,856,149
254,786
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
45,986,132
8,832,765
6,916,424
1,315,607
26,752
474,069
48,403,294
5,010,693
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
24,451,860
1,137,991
4,515,657
750,207
(1,230,426)
634,930
20,478,698
2,778,656
Fidelity Series All-Sector Equity Fund
4,646,872
2,276,640
975,962
403,990
89,298
153,022
6,189,870
494,399
Fidelity Series Canada Fund
5,804,831
459,745
1,463,619
147,926
413,183
(245,464)
4,968,676
316,880
Fidelity Series Commodity Strategy Fund
3,131,388
1,193,319
3,280,584
110,906
(1,429,937)
1,271,309
885,495
10,277
Fidelity Series Emerging Markets Debt Fund
2,566,521
147,305
411,701
102,717
(72,497)
87,515
2,317,143
293,309
Fidelity Series Emerging Markets Debt Local Currency Fund
807,542
44,261
105,263
32,898
(12,012)
(22,569)
711,959
83,270
Fidelity Series Emerging Markets Fund
7,191,663
263,307
2,319,363
144,583
30,732
18,002
5,184,341
597,274
Fidelity Series Emerging Markets Opportunities Fund
28,865,961
1,000,367
10,171,815
428,048
2,103,417
(1,015,903)
20,782,027
1,134,390
Fidelity Series Floating Rate High Income Fund
401,548
34,196
74,643
26,088
(1,415)
(830)
358,856
39,873
Fidelity Series Government Money Market Fund
20,449,186
3,998,441
4,528,515
786,414
-
-
19,919,112
19,919,112
Fidelity Series High Income Fund
2,564,410
236,491
437,506
125,208
(27,738)
70,982
2,406,639
279,517
Fidelity Series International Credit Fund
676,293
33,450
2,326
33,450
216
7,421
715,054
86,673
Fidelity Series International Developed Markets Bond Index Fund
18,755,410
5,802,766
3,078,904
706,094
(176,318)
(17,016)
21,285,938
2,452,297
Fidelity Series International Growth Fund
16,391,909
1,500,400
4,442,007
523,249
1,749,488
(2,571,825)
12,627,965
724,496
Fidelity Series International Small Cap Fund
7,355,313
685,134
1,571,693
567,798
269,153
(698,289)
6,039,618
372,816
Fidelity Series International Value Fund
16,470,749
1,132,622
4,271,834
573,341
1,346,439
(1,952,744)
12,725,232
1,067,553
Fidelity Series Intrinsic Opportunities Fund
-
684,032
-
-
-
(10,438)
673,594
63,367
Fidelity Series Investment Grade Bond Fund
156,123,119
10,463,301
24,856,560
4,924,944
(592,378)
(273,762)
140,863,720
14,257,461
Fidelity Series Large Cap Stock Fund
18,795,170
2,796,483
4,211,891
1,447,105
1,000,741
(59,182)
18,321,321
798,315
Fidelity Series Large Cap Value Index Fund
1,865,398
261,325
435,271
53,077
64,975
(22,609)
1,733,818
106,304
Fidelity Series Long-Term Treasury Bond Index Fund
18,613,993
987,823
5,950,801
401,495
(2,793,311)
1,967,257
12,824,961
2,415,247
Fidelity Series Opportunistic Insights Fund
11,110,558
2,469,082
2,656,141
748,830
600,993
263,458
11,787,950
487,307
Fidelity Series Overseas Fund
16,436,106
1,007,317
4,187,477
282,103
1,071,545
(1,609,900)
12,717,591
946,249
Fidelity Series Real Estate Income Fund
457,538
30,894
74,865
22,776
(388)
7,567
420,746
42,846
Fidelity Series Short-Term Credit Fund
3,997,149
522,779
775,882
127,421
1,158
55,886
3,801,090
380,871
Fidelity Series Small Cap Core Fund
527,994
149,232
147,569
7,330
10,223
3,998
543,878
44,544
Fidelity Series Small Cap Discovery Fund
-
698,289
-
-
-
(13,812)
684,477
62,911
Fidelity Series Small Cap Opportunities Fund
6,129,175
670,387
2,887,256
486,342
1,416,439
(1,607,503)
3,721,242
254,357
Fidelity Series Stock Selector Large Cap Value Fund
10,950,377
2,690,723
2,824,176
992,701
303,868
(480,412)
10,640,380
776,670
Fidelity Series Value Discovery Fund
11,217,555
2,736,927
2,841,521
430,499
222,613
(405,125)
10,930,449
705,190
491,461,305
61,902,878
109,132,679
21,387,420
6,137,588
(8,543,103)
441,825,989
58,699,318
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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