Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
54,506,482
526,532,618
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
8,689,352
64,040,527
Fidelity Series Emerging Markets Debt Fund (b)
2,121,636
16,760,922
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
604,147
5,165,453
Fidelity Series Floating Rate High Income Fund (b)
281,422
2,532,795
Fidelity Series High Income Fund (b)
2,009,187
17,299,100
Fidelity Series International Credit Fund (b)
467,370
3,855,803
Fidelity Series International Developed Markets Bond Index Fund (b)
17,699,311
153,630,021
Fidelity Series Investment Grade Bond Fund (b)
113,628,123
1,122,645,861
Fidelity Series Long-Term Treasury Bond Index Fund (b)
15,921,173
84,541,431
Fidelity Series Real Estate Income Fund (b)
324,836
3,189,890
TOTAL BOND FUNDS
(Cost $2,236,918,106)
2,000,194,421
Domestic Equity Funds - 15.4%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (b)
1,394,137
17,454,597
Fidelity Series Blue Chip Growth Fund (b)
2,493,114
49,463,382
Fidelity Series Commodity Strategy Fund (b)
73,873
6,364,892
Fidelity Series Growth Company Fund (b)
3,754,286
89,990,237
Fidelity Series Intrinsic Opportunities Fund (b)
1,374,287
14,608,672
Fidelity Series Large Cap Stock Fund (b)
3,842,984
88,196,492
Fidelity Series Large Cap Value Index Fund (b)
1,625,936
26,519,015
Fidelity Series Opportunistic Insights Fund (b)
2,226,470
53,858,307
Fidelity Series Small Cap Core Fund (b)
229,460
2,801,712
Fidelity Series Small Cap Discovery Fund (b)
746,483
8,121,740
Fidelity Series Small Cap Opportunities Fund (b)
1,364,844
19,967,674
Fidelity Series Stock Selector Large Cap Value Fund (b)
4,339,260
59,447,862
Fidelity Series Value Discovery Fund (b)
3,517,275
54,517,765
TOTAL DOMESTIC EQUITY FUNDS
(Cost $292,813,657)
491,312,347
International Equity Funds - 13.3%
Shares
Value ($)
Fidelity Series Canada Fund (b)
1,674,866
26,261,901
Fidelity Series Emerging Markets Fund (b)
3,493,808
30,326,250
Fidelity Series Emerging Markets Opportunities Fund (b)
6,637,246
121,594,348
Fidelity Series International Growth Fund (b)
3,829,659
66,750,961
Fidelity Series International Small Cap Fund (b)
2,679,728
43,411,592
Fidelity Series International Value Fund (b)
5,643,710
67,273,025
Fidelity Series Overseas Fund (b)
5,002,859
67,238,422
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $300,896,751)
422,856,499
Short-Term Funds - 1.4%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
(Cost $44,781,316)
4,511,237
45,022,144
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.56
20,000
19,967
US Treasury Bills 0% 1/2/2025
4.52 to 4.55
210,000
210,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
4,530,000
4,518,783
US Treasury Bills 0% 1/30/2025 (d)
4.45
3,320,000
3,309,077
US Treasury Bills 0% 1/9/2025 (d)
4.58
230,000
229,812
US Treasury Bills 0% 2/6/2025 (d)
4.47 to 4.48
100,000
99,589
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $8,385,044)
8,387,228
Money Market Funds - 6.9%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
3,158,027
3,158,658
Fidelity Series Government Money Market Fund (b)(f)
4.58
217,197,816
217,197,816
TOTAL MONEY MARKET FUNDS
(Cost $220,356,474)
220,356,474
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $3,104,151,348)
3,188,129,113
NET OTHER ASSETS (LIABILITIES) - 0.0%
723,085
NET ASSETS - 100.0%
3,188,852,198
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
231
Mar 2025
26,189,625
(868,056)
(868,056)
ICE MSCI Emerging Markets Index Contracts (United States)
743
Mar 2025
39,891,670
(1,381,754)
(1,381,754)
TOTAL EQUITY CONTRACTS
(2,249,810)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
793
Mar 2025
86,238,750
(760,589)
(760,589)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
138
Mar 2025
14,670,047
(57,328)
(57,328)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
257
Mar 2025
29,257,844
(726,801)
(726,801)
TOTAL INTEREST RATE CONTRACTS
(1,544,718)
TOTAL PURCHASED
(3,794,528)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
207
Mar 2025
61,435,013
1,994,463
1,994,463
TOTAL FUTURES CONTRACTS
(1,800,065)
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 1.9%
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 $7,877,972.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
5,132,344
63,573,189
65,546,836
181,940
(6)
(33)
3,158,658
3,158,027
0.0%
Total
5,132,344
63,573,189
65,546,836
181,940
(6)
(33)
3,158,658
3,158,027
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
526,575,622
70,861,781
76,814,945
14,537,045
206,787
5,703,373
526,532,618
54,506,482
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
84,875,073
2,461,141
21,480,356
2,425,677
(5,806,691)
3,991,360
64,040,527
8,689,352
Fidelity Series All-Sector Equity Fund
17,050,359
2,109,818
2,715,731
1,132,086
332,313
677,838
17,454,597
1,394,137
Fidelity Series Blue Chip Growth Fund
47,412,366
9,357,559
12,322,051
4,337,988
2,648,985
2,366,523
49,463,382
2,493,114
Fidelity Series Canada Fund
31,721,603
2,374,942
8,842,083
782,403
2,711,414
(1,703,975)
26,261,901
1,674,866
Fidelity Series Commodity Strategy Fund
22,942,578
7,747,348
23,211,659
797,380
(11,874,241)
10,760,866
6,364,892
73,873
Fidelity Series Emerging Markets Debt Fund
18,426,814
763,332
2,537,537
739,944
(368,132)
476,445
16,760,922
2,121,636
Fidelity Series Emerging Markets Debt Local Currency Fund
5,948,163
244,789
783,326
238,799
(70,481)
(173,692)
5,165,453
604,147
Fidelity Series Emerging Markets Fund
44,381,869
9,282,066
24,009,164
843,438
1,223,711
(552,232)
30,326,250
3,493,808
Fidelity Series Emerging Markets Opportunities Fund
178,143,358
4,731,186
68,030,217
2,497,495
13,875,849
(7,125,828)
121,594,348
6,637,246
Fidelity Series Floating Rate High Income Fund
2,807,661
187,419
446,871
183,172
(24,816)
9,402
2,532,795
281,422
Fidelity Series Government Money Market Fund
227,060,493
33,845,673
43,708,350
8,680,430
-
-
217,197,816
217,197,816
Fidelity Series Growth Company Fund
88,599,721
20,589,391
24,689,533
10,558,062
5,594,841
(104,183)
89,990,237
3,754,286
Fidelity Series High Income Fund
18,831,117
928,013
2,785,470
919,659
(155,304)
480,744
17,299,100
2,009,187
Fidelity Series International Credit Fund
3,726,585
182,367
95,758
182,367
7,043
35,566
3,855,803
467,370
Fidelity Series International Developed Markets Bond Index Fund
135,290,313
38,701,636
18,976,290
5,097,937
(882,829)
(502,809)
153,630,021
17,699,311
Fidelity Series International Growth Fund
89,576,341
8,558,648
27,055,531
2,767,668
9,939,675
(14,268,172)
66,750,961
3,829,659
Fidelity Series International Small Cap Fund
52,667,778
4,093,418
10,270,139
4,069,060
2,238,630
(5,318,095)
43,411,592
2,679,728
Fidelity Series International Value Fund
90,007,442
5,630,600
25,208,396
3,031,723
7,971,046
(11,127,667)
67,273,025
5,643,710
Fidelity Series Intrinsic Opportunities Fund
16,694,268
2,684,769
3,153,116
1,761,115
250,710
(1,867,959)
14,608,672
1,374,287
Fidelity Series Investment Grade Bond Fund
1,243,988,890
63,987,887
178,494,228
39,273,758
(13,363,489)
6,526,801
1,122,645,861
113,628,123
Fidelity Series Large Cap Stock Fund
83,609,448
16,749,328
16,349,584
6,674,463
1,877,337
2,309,963
88,196,492
3,842,984
Fidelity Series Large Cap Value Index Fund
26,238,121
5,221,085
5,495,282
778,279
540,013
15,078
26,519,015
1,625,936
Fidelity Series Long-Term Treasury Bond Index Fund
124,805,096
5,244,080
40,005,121
2,660,374
(18,294,392)
12,791,768
84,541,431
15,921,173
Fidelity Series Opportunistic Insights Fund
52,750,485
9,016,370
12,043,578
3,416,600
3,746,932
388,098
53,858,307
2,226,470
Fidelity Series Overseas Fund
89,818,009
5,123,529
24,867,808
1,492,466
6,702,847
(9,538,155)
67,238,422
5,002,859
Fidelity Series Real Estate Income Fund
3,437,905
175,850
476,997
172,791
3,725
49,407
3,189,890
324,836
Fidelity Series Short-Term Credit Fund
48,945,195
2,703,791
7,278,271
1,496,935
45,194
606,235
45,022,144
4,511,237
Fidelity Series Small Cap Core Fund
1,984,885
1,152,243
369,755
32,874
10,758
23,581
2,801,712
229,460
Fidelity Series Small Cap Discovery Fund
7,174,961
3,148,940
1,097,926
726,559
26,192
(1,130,427)
8,121,740
746,483
Fidelity Series Small Cap Opportunities Fund
24,462,508
4,426,485
8,166,945
2,014,490
1,686,490
(2,440,864)
19,967,674
1,364,844
Fidelity Series Stock Selector Large Cap Value Fund
58,544,758
16,585,861
14,564,233
5,509,194
1,075,705
(2,194,229)
59,447,862
4,339,260
Fidelity Series Value Discovery Fund
52,170,550
15,789,685
12,420,927
2,134,100
832,937
(1,854,480)
54,517,765
3,517,275
3,520,670,335
374,661,030
718,767,178
131,966,331
12,708,759
(12,689,719)
3,176,583,227
493,906,377
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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