Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
2,140,086
20,673,235
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
20,954,351
154,433,567
Fidelity Series Emerging Markets Debt Fund (b)
1,842,201
14,553,387
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
504,347
4,312,168
Fidelity Series Floating Rate High Income Fund (b)
282,028
2,538,248
Fidelity Series High Income Fund (b)
1,815,617
15,632,459
Fidelity Series International Credit Fund (b)
210,187
1,734,046
Fidelity Series International Developed Markets Bond Index Fund (b)
16,157,392
140,246,163
Fidelity Series Investment Grade Bond Fund (b)
62,867,692
621,132,800
Fidelity Series Long-Term Treasury Bond Index Fund (b)
21,315,603
113,185,851
Fidelity Series Real Estate Income Fund (b)
286,859
2,816,952
TOTAL BOND FUNDS
(Cost $1,253,568,083)
1,091,258,876
Domestic Equity Funds - 35.2%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (b)
9,441,759
150,218,387
Fidelity Advisor Series Growth Opportunities Fund (b)
6,377,285
105,544,070
Fidelity Advisor Series Small Cap Fund (b)
2,802,091
31,411,442
Fidelity Series All-Sector Equity Fund (b)
5,426,004
67,933,569
Fidelity Series Commodity Strategy Fund (b)
66,754
5,751,545
Fidelity Series Intrinsic Opportunities Fund (b)
759,460
8,073,057
Fidelity Series Large Cap Stock Fund (b)
8,790,109
201,732,996
Fidelity Series Large Cap Value Index Fund (b)
1,201,311
19,593,389
Fidelity Series Opportunistic Insights Fund (b)
5,348,197
129,372,875
Fidelity Series Small Cap Core Fund (b)
496,916
6,067,347
Fidelity Series Small Cap Discovery Fund (b)
753,022
8,192,881
Fidelity Series Small Cap Opportunities Fund (b)
2,796,438
40,911,882
Fidelity Series Stock Selector Large Cap Value Fund (b)
8,572,950
117,449,411
Fidelity Series Value Discovery Fund (b)
7,782,786
120,633,189
TOTAL DOMESTIC EQUITY FUNDS
(Cost $664,368,550)
1,012,886,040
International Equity Funds - 26.5%
Shares
Value ($)
Fidelity Series Canada Fund (b)
3,486,114
54,662,275
Fidelity Series Emerging Markets Fund (b)
5,604,340
48,645,673
Fidelity Series Emerging Markets Opportunities Fund (b)
10,926,401
200,171,664
Fidelity Series International Growth Fund (b)
7,999,051
139,423,464
Fidelity Series International Small Cap Fund (b)
2,421,635
39,230,491
Fidelity Series International Value Fund (b)
11,767,778
140,271,914
Fidelity Series Overseas Fund (b)
10,386,842
139,599,157
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $556,337,006)
762,004,638
U.S. Treasury Obligations - 0.2%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.58
20,000
19,967
US Treasury Bills 0% 1/2/2025 (d)
4.52 to 4.55
300,000
300,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
3,450,000
3,441,458
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
3,050,000
3,039,966
US Treasury Bills 0% 1/9/2025 (d)
4.58
190,000
189,844
US Treasury Bills 0% 2/6/2025 (d)
4.47
100,000
99,589
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $7,088,993)
7,090,824
Money Market Funds - 0.1%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
(Cost $3,444,367)
4.36
3,443,679
3,444,367
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $2,484,806,999)
2,876,684,745
NET OTHER ASSETS (LIABILITIES) - 0.0%
(440,647)
NET ASSETS - 100.0%
2,876,244,098
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
222
Mar 2025
25,169,250
(834,225)
(834,225)
ICE MSCI Emerging Markets Index Contracts (United States)
713
Mar 2025
38,280,970
(1,326,326)
(1,326,326)
TOTAL EQUITY CONTRACTS
(2,160,551)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
721
Mar 2025
78,408,750
(685,143)
(685,143)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
125
Mar 2025
13,288,086
(51,928)
(51,928)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
234
Mar 2025
26,639,438
(660,249)
(660,249)
TOTAL INTEREST RATE CONTRACTS
(1,397,320)
TOTAL PURCHASED
(3,557,871)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
174
Mar 2025
51,641,025
1,589,660
1,589,660
TOTAL FUTURES CONTRACTS
(1,968,211)
The notional amount of futures purchased as a percentage of Net Assets is 6.3%
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 $6,963,823.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
3,728,846
60,452,311
60,736,753
158,379
(37)
-
3,444,367
3,443,679
0.0%
Total
3,728,846
60,452,311
60,736,753
158,379
(37)
-
3,444,367
3,443,679
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
154,903,635
47,140,224
36,403,951
34,469,003
6,310,010
(21,731,531)
150,218,387
9,441,759
Fidelity Advisor Series Growth Opportunities Fund
109,228,514
18,027,598
34,244,013
9,022,745
5,654,127
6,877,844
105,544,070
6,377,285
Fidelity Advisor Series Small Cap Fund
53,563,615
8,959,162
25,929,646
8,056,328
3,991,007
(9,172,696)
31,411,442
2,802,091
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
735,065
21,909,480
1,850,218
386,936
(2,617)
(118,475)
20,673,235
2,140,086
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
150,559,674
27,499,367
18,730,204
5,321,045
(912,509)
(3,982,761)
154,433,567
20,954,351
Fidelity Series All-Sector Equity Fund
51,399,594
23,814,938
9,979,669
4,446,264
634,554
2,064,153
67,933,570
5,426,004
Fidelity Series Canada Fund
59,247,422
4,857,348
10,989,598
1,629,923
2,305,544
(758,441)
54,662,275
3,486,114
Fidelity Series Commodity Strategy Fund
20,361,148
7,007,665
20,600,718
720,565
(11,505,619)
10,489,069
5,751,545
66,754
Fidelity Series Emerging Markets Debt Fund
15,644,573
1,059,832
2,246,864
638,949
(344,893)
440,739
14,553,387
1,842,201
Fidelity Series Emerging Markets Debt Local Currency Fund
4,865,048
249,665
593,133
199,254
(65,332)
(144,080)
4,312,168
504,347
Fidelity Series Emerging Markets Fund
61,956,962
2,181,015
15,604,780
1,360,813
152,465
(39,989)
48,645,673
5,604,340
Fidelity Series Emerging Markets Opportunities Fund
248,550,213
6,881,333
63,648,815
4,104,765
6,488,185
1,900,748
200,171,664
10,926,401
Fidelity Series Floating Rate High Income Fund
2,751,911
218,368
416,736
182,462
(20,436)
5,141
2,538,248
282,028
Fidelity Series Government Money Market Fund
69,499
3,201,456
3,270,955
32,391
-
-
-
-
Fidelity Series High Income Fund
15,718,723
2,145,920
2,497,246
794,342
(57,588)
322,649
15,632,458
1,815,617
Fidelity Series International Credit Fund
1,652,326
81,403
18,206
81,402
1,508
17,015
1,734,046
210,187
Fidelity Series International Developed Markets Bond Index Fund
119,542,718
38,447,328
16,484,353
4,589,648
(373,825)
(885,705)
140,246,163
16,157,392
Fidelity Series International Growth Fund
167,321,220
14,600,814
33,371,267
5,765,282
7,026,783
(16,154,086)
139,423,464
7,999,051
Fidelity Series International Small Cap Fund
46,710,790
4,283,302
8,890,440
3,748,233
1,852,306
(4,725,467)
39,230,491
2,421,635
Fidelity Series International Value Fund
168,121,129
11,391,694
32,197,014
6,316,785
8,141,889
(15,185,784)
140,271,914
11,767,778
Fidelity Series Intrinsic Opportunities Fund
-
8,188,586
-
21
-
(115,529)
8,073,057
759,460
Fidelity Series Investment Grade Bond Fund
676,526,317
51,523,859
102,876,926
21,609,169
(7,729,854)
3,689,404
621,132,800
62,867,692
Fidelity Series Large Cap Stock Fund
207,899,317
23,319,223
40,043,824
16,162,434
10,134,276
424,004
201,732,996
8,790,109
Fidelity Series Large Cap Value Index Fund
20,601,690
2,715,226
4,219,194
584,188
804,264
(308,597)
19,593,389
1,201,311
Fidelity Series Long-Term Treasury Bond Index Fund
151,753,342
8,145,433
39,636,778
3,450,799
(14,153,599)
7,077,453
113,185,851
21,315,603
Fidelity Series Opportunistic Insights Fund
122,872,209
25,600,451
28,821,883
8,241,461
5,816,728
3,905,370
129,372,875
5,348,197
Fidelity Series Overseas Fund
167,769,953
8,979,273
31,006,850
3,107,848
6,909,641
(13,052,860)
139,599,157
10,386,842
Fidelity Series Real Estate Income Fund
3,001,356
187,753
419,790
151,787
4,026
43,607
2,816,952
286,859
Fidelity Series Short-Term Credit Fund
91,657
288
91,387
289
2,002
(2,560)
-
-
Fidelity Series Small Cap Core Fund
6,116,751
1,620,677
1,841,043
82,518
132,483
38,479
6,067,347
496,916
Fidelity Series Small Cap Discovery Fund
-
8,345,805
-
20
-
(152,924)
8,192,881
753,022
Fidelity Series Small Cap Opportunities Fund
67,771,819
9,308,707
34,135,198
5,482,778
8,966,665
(11,000,111)
40,911,882
2,796,438
Fidelity Series Stock Selector Large Cap Value Fund
121,110,307
25,122,088
27,077,907
10,925,690
3,613,431
(5,318,508)
117,449,411
8,572,950
Fidelity Series Value Discovery Fund
124,066,072
25,965,971
27,552,491
4,738,098
1,719,026
(3,565,389)
120,633,189
7,782,786
3,122,484,569
442,981,252
675,691,097
166,404,235
45,494,648
(69,119,818)
2,866,149,554
241,583,606
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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