Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
4,950,080
47,817,774
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
15,003
110,572
Fidelity Series Emerging Markets Debt Fund (b)
154,066
1,217,122
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
43,227
369,587
Fidelity Series Floating Rate High Income Fund (b)
25,325
227,923
Fidelity Series High Income Fund (b)
145,391
1,251,818
Fidelity Series International Credit Fund (b)
30,868
254,662
Fidelity Series International Developed Markets Bond Index Fund (b)
1,276,140
11,076,897
Fidelity Series Investment Grade Bond Fund (b)
8,857,553
87,512,623
Fidelity Series Long-Term Treasury Bond Index Fund (b)
1,078,022
5,724,296
Fidelity Series Real Estate Income Fund (b)
23,501
230,776
TOTAL BOND FUNDS
(Cost $167,705,600)
155,794,050
Domestic Equity Funds - 11.5%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (b)
245,034
3,898,491
Fidelity Advisor Series Growth Opportunities Fund (b)
165,521
2,739,373
Fidelity Advisor Series Small Cap Fund (b)
74,325
833,184
Fidelity Series All-Sector Equity Fund (b)
139,539
1,747,034
Fidelity Series Commodity Strategy Fund (b)
5,346
460,580
Fidelity Series Intrinsic Opportunities Fund (b)
18,231
193,791
Fidelity Series Large Cap Stock Fund (b)
227,361
5,217,924
Fidelity Series Large Cap Value Index Fund (b)
30,216
492,828
Fidelity Series Opportunistic Insights Fund (b)
138,795
3,357,457
Fidelity Series Small Cap Core Fund (b)
12,117
147,951
Fidelity Series Small Cap Discovery Fund (b)
18,096
196,885
Fidelity Series Small Cap Opportunities Fund (b)
71,633
1,047,988
Fidelity Series Stock Selector Large Cap Value Fund (b)
221,318
3,032,052
Fidelity Series Value Discovery Fund (b)
200,938
3,114,544
TOTAL DOMESTIC EQUITY FUNDS
(Cost $18,783,733)
26,480,082
International Equity Funds - 10.6%
Shares
Value ($)
Fidelity Series Canada Fund (b)
89,492
1,403,239
Fidelity Series Emerging Markets Fund (b)
209,556
1,818,944
Fidelity Series Emerging Markets Opportunities Fund (b)
400,999
7,346,308
Fidelity Series International Growth Fund (b)
204,591
3,566,021
Fidelity Series International Small Cap Fund (b)
193,914
3,141,408
Fidelity Series International Value Fund (b)
301,555
3,594,531
Fidelity Series Overseas Fund (b)
267,307
3,592,606
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $17,315,936)
24,463,057
Short-Term Funds - 2.0%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
(Cost $4,474,686)
452,692
4,517,865
U.S. Treasury Obligations - 0.2%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.58
20,000
19,967
US Treasury Bills 0% 1/2/2025
4.52
20,000
20,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
350,000
349,133
US Treasury Bills 0% 1/30/2025 (d)
4.45
250,000
249,177
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $638,112)
638,277
Money Market Funds - 8.2%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
219,623
219,667
Fidelity Series Government Money Market Fund (b)(f)
4.58
18,628,871
18,628,872
TOTAL MONEY MARKET FUNDS
(Cost $18,848,539)
18,848,539
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $227,766,606)
230,741,870
NET OTHER ASSETS (LIABILITIES) - 0.0%
52,232
NET ASSETS - 100.0%
230,794,102
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
17
Mar 2025
1,927,375
(63,841)
(63,841)
ICE MSCI Emerging Markets Index Contracts (United States)
54
Mar 2025
2,899,260
(100,301)
(100,301)
TOTAL EQUITY CONTRACTS
(164,142)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
58
Mar 2025
6,307,500
(55,047)
(55,047)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
10
Mar 2025
1,063,047
(4,154)
(4,154)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
19
Mar 2025
2,163,031
(50,532)
(50,532)
TOTAL INTEREST RATE CONTRACTS
(109,733)
TOTAL PURCHASED
(273,875)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
14
Mar 2025
4,155,025
134,892
134,892
TOTAL FUTURES CONTRACTS
(138,983)
The notional amount of futures purchased as a percentage of Net Assets is 6.2%
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 $618,277.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
188,974
3,868,202
3,837,502
11,728
(7)
-
219,667
219,623
0.0%
Total
188,974
3,868,202
3,837,502
11,728
(7)
-
219,667
219,623
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
2,215,270
2,366,979
713,316
884,010
19,470
10,088
3,898,491
245,034
Fidelity Advisor Series Growth Opportunities Fund
1,559,983
1,248,814
598,226
230,382
31,665
497,137
2,739,373
165,521
Fidelity Advisor Series Small Cap Fund
760,233
526,904
435,911
184,167
33,807
(51,848)
833,185
74,325
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
33,781,641
23,696,666
9,519,316
1,359,528
(154,055)
12,838
47,817,774
4,950,080
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
83,566
54,022
20,598
4,051
(1,636)
(4,782)
110,572
15,003
Fidelity Series All-Sector Equity Fund
730,231
1,109,348
233,130
113,444
8,281
132,304
1,747,034
139,539
Fidelity Series Canada Fund
1,114,687
534,668
566,173
41,829
154,685
165,372
1,403,239
89,492
Fidelity Series Commodity Strategy Fund
1,122,494
1,316,637
1,721,133
58,564
(731,440)
474,022
460,580
5,346
Fidelity Series Emerging Markets Debt Fund
886,357
609,150
226,283
48,889
(31,343)
(20,759)
1,217,122
154,066
Fidelity Series Emerging Markets Debt Local Currency Fund
286,879
192,829
76,364
17,106
(6,782)
(26,975)
369,587
43,227
Fidelity Series Emerging Markets Fund
1,834,552
986,230
1,105,955
50,919
60,333
43,784
1,818,944
209,556
Fidelity Series Emerging Markets Opportunities Fund
7,363,645
3,384,636
4,805,430
150,766
911,785
491,671
7,346,307
400,999
Fidelity Series Floating Rate High Income Fund
162,872
107,832
41,164
14,946
(663)
(954)
227,923
25,325
Fidelity Series Government Money Market Fund
13,462,388
9,555,286
4,388,803
706,799
-
-
18,628,871
18,628,871
Fidelity Series High Income Fund
915,852
622,578
264,222
62,032
(18,680)
(3,710)
1,251,818
145,391
Fidelity Series International Credit Fund
124,403
153,219
1,790
10,368
165
(21,335)
254,662
30,868
Fidelity Series International Developed Markets Bond Index Fund
6,533,165
6,609,335
1,690,666
332,379
(99,550)
(275,387)
11,076,897
1,276,140
Fidelity Series International Growth Fund
3,148,157
1,361,120
1,596,124
147,963
602,816
50,052
3,566,021
204,591
Fidelity Series International Small Cap Fund
2,525,810
1,321,293
866,392
294,276
152,977
7,720
3,141,408
193,914
Fidelity Series International Value Fund
3,163,165
1,555,644
1,545,757
162,215
434,855
(13,376)
3,594,531
301,555
Fidelity Series Intrinsic Opportunities Fund
-
205,016
-
3,906
-
(11,225)
193,791
18,231
Fidelity Series Investment Grade Bond Fund
65,072,621
42,751,755
17,486,060
2,837,954
(1,042,995)
(1,782,698)
87,512,623
8,857,553
Fidelity Series Large Cap Stock Fund
2,974,462
2,231,400
957,596
387,108
37,737
931,923
5,217,926
227,361
Fidelity Series Large Cap Value Index Fund
287,361
241,392
96,863
14,750
4,799
56,139
492,828
30,216
Fidelity Series Long-Term Treasury Bond Index Fund
5,629,491
3,910,592
2,546,294
164,779
(1,127,961)
(141,532)
5,724,296
1,078,022
Fidelity Series Opportunistic Insights Fund
1,754,944
1,477,877
543,967
211,692
16,220
652,383
3,357,457
138,795
Fidelity Series Overseas Fund
3,156,580
1,514,180
1,529,117
79,799
391,052
59,911
3,592,606
267,307
Fidelity Series Real Estate Income Fund
164,864
105,517
42,964
11,321
54
3,305
230,776
23,501
Fidelity Series Short-Term Credit Fund
3,528,626
1,939,035
1,007,691
139,016
2,760
55,135
4,517,865
452,692
Fidelity Series Small Cap Core Fund
51,034
127,275
34,111
1,716
207
3,546
147,951
12,117
Fidelity Series Small Cap Discovery Fund
-
208,839
-
3,706
-
(11,954)
196,885
18,096
Fidelity Series Small Cap Opportunities Fund
964,012
544,056
703,165
127,735
131,166
111,919
1,047,988
71,633
Fidelity Series Stock Selector Large Cap Value Fund
1,729,173
1,903,533
728,501
280,662
32,913
94,934
3,032,052
221,318
Fidelity Series Value Discovery Fund
1,771,600
1,884,273
738,199
121,709
24,868
172,001
3,114,543
200,938
168,860,118
116,357,930
56,831,281
9,260,486
(162,490)
1,659,649
229,883,926
38,916,623
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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