Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
15,051,295
145,395,506
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
260,501,387
1,919,895,222
Fidelity Series Emerging Markets Debt Fund (b)
12,959,119
102,377,040
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
3,606,178
30,832,818
Fidelity Series Floating Rate High Income Fund (b)
2,049,564
18,446,074
Fidelity Series High Income Fund (b)
12,831,591
110,480,000
Fidelity Series International Credit Fund (b)
2,000,938
16,507,735
Fidelity Series International Developed Markets Bond Index Fund (b)
113,371,694
984,066,307
Fidelity Series Investment Grade Bond Fund (b)
501,731,486
4,957,107,079
Fidelity Series Long-Term Treasury Bond Index Fund (b)
134,895,896
716,297,210
Fidelity Series Real Estate Income Fund (b)
2,048,528
20,116,546
TOTAL BOND FUNDS
(Cost $10,666,041,604)
9,021,521,537
Domestic Equity Funds - 31.4%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (b)
18,244,915
228,426,335
Fidelity Series Blue Chip Growth Fund (b)
32,475,773
644,319,344
Fidelity Series Commodity Strategy Fund (b)
471,770
40,647,723
Fidelity Series Growth Company Fund (b)
48,904,340
1,172,237,019
Fidelity Series Intrinsic Opportunities Fund (b)
18,151,620
192,951,725
Fidelity Series Large Cap Stock Fund (b)
50,176,518
1,151,551,084
Fidelity Series Large Cap Value Index Fund (b)
21,342,889
348,102,523
Fidelity Series Opportunistic Insights Fund (b)
29,003,044
701,583,626
Fidelity Series Small Cap Core Fund (b)
3,123,129
38,133,403
Fidelity Series Small Cap Discovery Fund (b)
9,967,886
108,450,602
Fidelity Series Small Cap Opportunities Fund (b)
17,957,083
262,712,129
Fidelity Series Stock Selector Large Cap Value Fund (b)
56,720,476
777,070,520
Fidelity Series Value Discovery Fund (b)
45,990,444
712,851,886
TOTAL DOMESTIC EQUITY FUNDS
(Cost $3,829,372,576)
6,379,037,919
International Equity Funds - 23.9%
Shares
Value ($)
Fidelity Series Canada Fund (b)
21,852,459
342,646,556
Fidelity Series Emerging Markets Fund (b)
37,055,811
321,644,436
Fidelity Series Emerging Markets Opportunities Fund (b)
70,378,764
1,289,338,950
Fidelity Series International Growth Fund (b)
49,988,857
871,305,772
Fidelity Series International Small Cap Fund (b)
17,113,773
277,243,122
Fidelity Series International Value Fund (b)
73,608,618
877,414,727
Fidelity Series Overseas Fund (b)
65,216,086
876,504,196
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $3,602,821,539)
4,856,097,759
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.56 to 4.58
100,000
99,835
US Treasury Bills 0% 1/2/2025
4.52 to 4.55
1,620,000
1,620,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
28,000,000
27,930,669
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
21,740,000
21,668,474
US Treasury Bills 0% 1/9/2025 (d)
4.58
1,070,000
1,069,124
US Treasury Bills 0% 2/6/2025 (d)
4.47 to 4.48
610,000
607,496
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $52,981,792)
52,995,598
Money Market Funds - 0.0%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
(Cost $21,263,422)
4.36
21,259,170
21,263,422
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $18,172,480,933)
20,330,916,235
NET OTHER ASSETS (LIABILITIES) - 0.0%
5,141,172
NET ASSETS - 100.0%
20,336,057,407
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
1,577
Mar 2025
178,792,375
(5,925,875)
(5,925,875)
ICE MSCI Emerging Markets Index Contracts (United States)
4,714
Mar 2025
253,094,660
(8,767,594)
(8,767,594)
TOTAL EQUITY CONTRACTS
(14,693,469)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
5,079
Mar 2025
552,341,250
(4,837,502)
(4,837,502)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
883
Mar 2025
93,867,039
(366,818)
(366,818)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
1,647
Mar 2025
187,500,656
(4,689,978)
(4,689,978)
TOTAL INTEREST RATE CONTRACTS
(9,894,298)
TOTAL PURCHASED
(24,587,767)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
1,266
Mar 2025
375,732,975
12,198,084
12,198,084
TOTAL FUTURES CONTRACTS
(12,389,683)
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 $49,969,093.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
31,458,078
415,017,627
425,212,020
1,143,584
(108)
(155)
21,263,422
21,259,170
0.0%
Total
31,458,078
415,017,627
425,212,020
1,143,584
(108)
(155)
21,263,422
21,259,170
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 Series 0-5 Year Inflation-Protected Bond Index Fund
2,692,008
158,698,830
15,159,278
2,724,699
43,153
(879,207)
145,395,506
15,051,295
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
2,058,999,380
236,390,929
316,520,388
68,471,588
(8,051,270)
(50,923,429)
1,919,895,222
260,501,387
Fidelity Series All-Sector Equity Fund
241,809,784
17,193,391
44,891,902
15,008,422
7,961,870
6,353,192
228,426,335
18,244,915
Fidelity Series Blue Chip Growth Fund
667,619,859
112,496,622
202,735,641
60,038,262
46,766,559
20,171,945
644,319,344
32,475,773
Fidelity Series Canada Fund
388,053,005
24,545,382
80,541,368
10,256,370
23,481,350
(12,891,813)
342,646,556
21,852,459
Fidelity Series Commodity Strategy Fund
147,008,902
51,541,281
150,616,514
5,158,960
(85,021,919)
77,735,973
40,647,723
471,770
Fidelity Series Emerging Markets Debt Fund
115,561,009
4,903,324
18,810,723
4,592,996
(3,647,429)
4,370,859
102,377,040
12,959,119
Fidelity Series Emerging Markets Debt Local Currency Fund
36,082,510
1,439,293
5,215,122
1,432,233
(513,036)
(960,827)
30,832,818
3,606,178
Fidelity Series Emerging Markets Fund
419,931,223
12,507,665
112,591,315
8,934,011
5,258,215
(3,461,352)
321,644,436
37,055,811
Fidelity Series Emerging Markets Opportunities Fund
1,685,218,503
27,184,968
483,009,380
26,708,357
60,326,620
(381,761)
1,289,338,950
70,378,764
Fidelity Series Floating Rate High Income Fund
20,617,265
1,351,275
3,407,482
1,344,281
(176,581)
61,597
18,446,074
2,049,564
Fidelity Series Government Money Market Fund
493,965
22,390,950
22,884,915
228,910
-
-
-
-
Fidelity Series Growth Company Fund
1,244,513,500
227,020,967
379,139,415
138,603,322
81,815,746
(1,973,779)
1,172,237,019
48,904,340
Fidelity Series High Income Fund
114,645,308
14,618,399
20,702,110
5,687,426
(520,453)
2,438,856
110,480,000
12,831,591
Fidelity Series International Credit Fund
16,145,219
786,274
613,454
786,274
38,886
150,810
16,507,735
2,000,938
Fidelity Series International Developed Markets Bond Index Fund
877,490,914
255,598,118
140,151,321
32,918,542
(2,792,040)
(6,079,364)
984,066,307
113,371,694
Fidelity Series International Growth Fund
1,095,888,441
87,707,983
254,801,857
36,276,501
84,078,158
(141,566,953)
871,305,772
49,988,857
Fidelity Series International Small Cap Fund
341,930,273
26,496,170
71,303,754
26,292,428
19,342,322
(39,221,889)
277,243,122
17,113,773
Fidelity Series International Value Fund
1,101,130,932
59,028,894
239,477,245
39,712,127
65,192,997
(108,460,851)
877,414,727
73,608,618
Fidelity Series Intrinsic Opportunities Fund
234,293,716
31,126,587
50,659,028
24,006,636
3,853,896
(25,663,446)
192,951,725
18,151,620
Fidelity Series Investment Grade Bond Fund
5,592,176,543
336,704,916
942,129,718
175,282,882
(45,761,069)
16,116,407
4,957,107,079
501,731,486
Fidelity Series Large Cap Stock Fund
1,172,058,300
163,581,795
242,549,733
91,585,748
55,719,091
2,741,631
1,151,551,084
50,176,518
Fidelity Series Large Cap Value Index Fund
368,120,979
53,404,524
81,864,171
10,222,935
16,968,235
(8,527,044)
348,102,523
21,342,889
Fidelity Series Long-Term Treasury Bond Index Fund
1,014,525,395
45,272,104
298,509,311
22,380,172
(102,431,670)
57,440,692
716,297,210
134,895,896
Fidelity Series Opportunistic Insights Fund
742,428,811
91,290,019
191,171,311
44,865,717
51,216,262
7,819,845
701,583,626
29,003,044
Fidelity Series Overseas Fund
1,098,829,575
46,394,744
230,737,403
19,555,598
62,029,173
(100,011,893)
876,504,196
65,216,086
Fidelity Series Real Estate Income Fund
22,137,183
1,110,049
3,480,424
1,102,323
13,776
335,962
20,116,546
2,048,528
Fidelity Series Short-Term Credit Fund
111,397
-
110,832
128
2,892
(3,457)
-
-
Fidelity Series Small Cap Core Fund
32,280,262
9,988,595
4,921,927
465,599
414,212
372,261
38,133,403
3,123,129
Fidelity Series Small Cap Discovery Fund
102,384,829
43,773,125
22,358,479
10,141,013
1,114,305
(16,463,178)
108,450,602
9,967,886
Fidelity Series Small Cap Opportunities Fund
344,726,635
59,965,715
131,937,363
27,806,126
25,696,880
(35,739,738)
262,712,129
17,957,083
Fidelity Series Stock Selector Large Cap Value Fund
820,810,952
173,452,282
205,615,132
72,362,824
35,297,510
(46,875,092)
777,070,520
56,720,476
Fidelity Series Value Discovery Fund
734,326,657
171,187,658
180,655,409
28,031,822
15,518,979
(27,525,999)
712,851,886
45,990,444
22,855,043,234
2,569,152,828
5,149,273,425
1,012,985,232
413,235,620
(431,501,042)
20,256,657,215
1,748,791,931
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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