Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
6,176,957
59,669,409
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
11,084,314
81,691,396
Fidelity Series Emerging Markets Debt Fund (b)
735,641
5,811,561
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
207,989
1,778,310
Fidelity Series Floating Rate High Income Fund (b)
116,294
1,046,649
Fidelity Series High Income Fund (b)
717,705
6,179,440
Fidelity Series International Credit Fund (b)
185,894
1,533,622
Fidelity Series International Developed Markets Bond Index Fund (b)
6,368,925
55,282,269
Fidelity Series Investment Grade Bond Fund (b)
32,511,778
321,216,362
Fidelity Series Long-Term Treasury Bond Index Fund (b)
6,698,385
35,568,424
Fidelity Series Real Estate Income Fund (b)
115,864
1,137,785
TOTAL BOND FUNDS
(Cost $647,966,682)
570,915,227
Domestic Equity Funds - 26.4%
Shares
Value ($)
Fidelity Advisor Series Equity Growth Fund (b)
2,793,501
44,444,604
Fidelity Advisor Series Growth Opportunities Fund (b)
1,886,838
31,227,170
Fidelity Advisor Series Small Cap Fund (b)
828,864
9,291,564
Fidelity Series All-Sector Equity Fund (b)
1,605,359
20,099,098
Fidelity Series Commodity Strategy Fund (b)
26,388
2,273,596
Fidelity Series Intrinsic Opportunities Fund (b)
223,258
2,373,234
Fidelity Series Large Cap Stock Fund (b)
2,599,485
59,658,187
Fidelity Series Large Cap Value Index Fund (b)
354,818
5,787,086
Fidelity Series Opportunistic Insights Fund (b)
1,582,339
38,276,773
Fidelity Series Small Cap Core Fund (b)
144,488
1,764,193
Fidelity Series Small Cap Discovery Fund (b)
221,340
2,408,174
Fidelity Series Small Cap Opportunities Fund (b)
825,679
12,079,689
Fidelity Series Stock Selector Large Cap Value Fund (b)
2,535,626
34,738,077
Fidelity Series Value Discovery Fund (b)
2,301,950
35,680,221
TOTAL DOMESTIC EQUITY FUNDS
(Cost $191,025,036)
300,101,666
International Equity Funds - 20.6%
Shares
Value ($)
Fidelity Series Canada Fund (b)
1,031,196
16,169,148
Fidelity Series Emerging Markets Fund (b)
1,818,806
15,787,236
Fidelity Series Emerging Markets Opportunities Fund (b)
3,454,448
63,285,478
Fidelity Series International Growth Fund (b)
2,361,880
41,167,574
Fidelity Series International Small Cap Fund (b)
957,260
15,507,614
Fidelity Series International Value Fund (b)
3,474,636
41,417,659
Fidelity Series Overseas Fund (b)
3,072,603
41,295,785
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $163,066,332)
234,630,494
Short-Term Funds - 0.2%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
(Cost $2,892,821)
294,028
2,934,400
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/2/2025
4.52
20,000
20,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
1,760,000
1,755,642
US Treasury Bills 0% 1/30/2025 (d)
4.45
1,240,000
1,235,920
US Treasury Bills 0% 1/9/2025
4.58
60,000
59,951
US Treasury Bills 0% 2/6/2025 (d)
4.47
40,000
39,836
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $3,110,528)
3,111,349
Money Market Funds - 2.3%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
1,134,372
1,134,598
Fidelity Series Government Money Market Fund (b)(f)
4.58
24,841,558
24,841,558
TOTAL MONEY MARKET FUNDS
(Cost $25,976,156)
25,976,156
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $1,034,037,555)
1,137,669,292
NET OTHER ASSETS (LIABILITIES) - 0.0%
122,394
NET ASSETS - 100.0%
1,137,791,686
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
85
Mar 2025
9,636,875
(319,393)
(319,393)
ICE MSCI Emerging Markets Index Contracts (United States)
261
Mar 2025
14,013,090
(485,201)
(485,201)
TOTAL EQUITY CONTRACTS
(804,594)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
284
Mar 2025
30,885,000
(266,707)
(266,707)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
49
Mar 2025
5,208,930
(20,356)
(20,356)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
92
Mar 2025
10,473,625
(259,182)
(259,182)
TOTAL INTEREST RATE CONTRACTS
(546,245)
TOTAL PURCHASED
(1,350,839)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
69
Mar 2025
20,478,338
645,524
645,524
TOTAL FUTURES CONTRACTS
(705,315)
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 $2,761,070.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
1,666,819
24,041,152
24,573,359
64,639
(14)
-
1,134,598
1,134,372
0.0%
Total
1,666,819
24,041,152
24,573,359
64,639
(14)
-
1,134,598
1,134,372
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
47,776,092
13,911,296
12,752,440
10,205,059
3,548,005
(8,038,349)
44,444,604
2,793,501
Fidelity Advisor Series Growth Opportunities Fund
33,688,522
4,899,403
11,140,911
2,671,446
2,603,309
1,176,847
31,227,170
1,886,838
Fidelity Advisor Series Small Cap Fund
16,523,129
2,525,977
8,239,535
2,352,690
1,389,902
(2,907,909)
9,291,564
828,864
Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund
48,803,322
19,599,261
9,202,442
1,559,514
(23,865)
493,133
59,669,409
6,176,957
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
98,989,599
3,469,436
18,359,206
3,000,951
(4,032,164)
1,623,731
81,691,396
11,084,314
Fidelity Series All-Sector Equity Fund
15,858,487
7,043,869
3,629,907
1,319,192
348,963
477,686
20,099,098
1,605,359
Fidelity Series Canada Fund
18,992,480
1,387,718
4,725,470
482,639
1,320,191
(805,771)
16,169,148
1,031,196
Fidelity Series Commodity Strategy Fund
8,279,494
3,058,148
8,659,014
288,340
(3,747,521)
3,342,489
2,273,596
26,388
Fidelity Series Emerging Markets Debt Fund
6,681,054
296,235
1,204,315
261,899
(187,614)
226,201
5,811,561
735,641
Fidelity Series Emerging Markets Debt Local Currency Fund
2,081,932
91,236
308,414
82,451
(36,973)
(49,471)
1,778,310
207,989
Fidelity Series Emerging Markets Fund
21,678,090
663,895
6,672,611
441,923
216,526
(98,664)
15,787,236
1,818,806
Fidelity Series Emerging Markets Opportunities Fund
87,010,914
1,708,164
28,577,947
1,308,319
5,614,534
(2,470,187)
63,285,478
3,454,448
Fidelity Series Floating Rate High Income Fund
1,189,390
82,714
218,872
76,470
(11,602)
5,019
1,046,649
116,294
Fidelity Series Government Money Market Fund
23,706,936
7,190,001
6,055,379
950,727
-
-
24,841,558
24,841,558
Fidelity Series High Income Fund
6,616,149
731,916
1,274,261
320,026
(63,843)
169,479
6,179,440
717,705
Fidelity Series International Credit Fund
1,453,587
71,841
8,254
71,842
787
15,661
1,533,622
185,894
Fidelity Series International Developed Markets Bond Index Fund
50,159,815
14,433,766
8,785,030
1,856,039
(622,907)
96,625
55,282,269
6,368,925
Fidelity Series International Growth Fund
53,631,768
4,401,184
14,151,370
1,707,114
5,664,631
(8,378,639)
41,167,574
2,361,880
Fidelity Series International Small Cap Fund
19,456,467
1,569,387
4,391,163
1,477,236
898,348
(2,025,425)
15,507,614
957,260
Fidelity Series International Value Fund
53,889,841
2,884,752
13,357,718
1,869,708
4,105,486
(6,104,702)
41,417,659
3,474,636
Fidelity Series Intrinsic Opportunities Fund
-
2,404,714
-
21
-
(31,480)
2,373,234
223,258
Fidelity Series Investment Grade Bond Fund
366,862,592
21,667,626
65,228,568
11,373,853
(4,903,334)
2,818,046
321,216,362
32,511,778
Fidelity Series Large Cap Stock Fund
64,123,922
7,156,276
14,817,640
4,797,792
4,150,253
(954,624)
59,658,187
2,599,485
Fidelity Series Large Cap Value Index Fund
6,356,585
813,719
1,526,787
173,317
366,650
(223,081)
5,787,086
354,818
Fidelity Series Long-Term Treasury Bond Index Fund
52,240,665
2,425,009
16,789,049
1,122,063
(7,990,368)
5,682,167
35,568,424
6,698,385
Fidelity Series Opportunistic Insights Fund
37,902,577
7,371,407
9,939,737
2,445,190
2,563,641
378,885
38,276,773
1,582,339
Fidelity Series Overseas Fund
53,776,447
2,478,106
13,175,649
920,312
3,443,259
(5,226,378)
41,295,785
3,072,603
Fidelity Series Real Estate Income Fund
1,269,092
68,432
219,471
62,134
(1,026)
20,758
1,137,785
115,864
Fidelity Series Short-Term Credit Fund
3,270,209
613,438
998,395
104,661
3,985
45,163
2,934,400
294,028
Fidelity Series Small Cap Core Fund
1,862,202
439,032
590,502
24,624
41,372
12,089
1,764,193
144,488
Fidelity Series Small Cap Discovery Fund
-
2,449,824
-
20
-
(41,650)
2,408,174
221,340
Fidelity Series Small Cap Opportunities Fund
20,905,354
2,536,666
10,720,784
1,625,263
3,848,504
(4,490,051)
12,079,689
825,679
Fidelity Series Stock Selector Large Cap Value Fund
37,356,161
7,683,334
9,769,942
3,241,642
1,539,357
(2,070,833)
34,738,077
2,535,626
Fidelity Series Value Discovery Fund
38,267,800
7,905,684
9,911,159
1,405,819
1,212,193
(1,794,297)
35,680,221
2,301,950
1,300,660,674
156,033,466
315,401,942
59,600,296
21,258,679
(29,127,532)
1,133,423,345
124,156,094
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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