Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
72,012,041
695,636,316
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
129,286,743
952,843,294
Fidelity Series Emerging Markets Debt Fund (b)
8,588,901
67,852,320
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
2,424,504
20,729,511
Fidelity Series Floating Rate High Income Fund (b)
1,359,450
12,235,054
Fidelity Series High Income Fund (b)
8,386,485
72,207,632
Fidelity Series International Credit Fund (b)
2,375,591
19,598,624
Fidelity Series International Developed Markets Bond Index Fund (b)
74,113,490
643,305,091
Fidelity Series Investment Grade Bond Fund (b)
379,903,551
3,753,447,082
Fidelity Series Long-Term Treasury Bond Index Fund (b)
78,235,774
415,431,961
Fidelity Series Real Estate Income Fund (b)
1,351,557
13,272,286
TOTAL BOND FUNDS
(Cost $7,720,583,380)
6,666,559,171
Domestic Equity Funds - 26.4%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (b)
10,047,183
125,790,727
Fidelity Series Blue Chip Growth Fund (b)
17,884,050
354,819,559
Fidelity Series Commodity Strategy Fund (b)
308,343
26,566,853
Fidelity Series Growth Company Fund (b)
26,930,985
645,535,715
Fidelity Series Intrinsic Opportunities Fund (b)
9,973,054
106,013,567
Fidelity Series Large Cap Stock Fund (b)
27,621,010
633,902,189
Fidelity Series Large Cap Value Index Fund (b)
11,738,330
191,452,155
Fidelity Series Opportunistic Insights Fund (b)
15,971,639
386,353,953
Fidelity Series Small Cap Core Fund (b)
1,699,925
20,756,079
Fidelity Series Small Cap Discovery Fund (b)
5,466,821
59,479,008
Fidelity Series Small Cap Opportunities Fund (b)
9,872,279
144,431,440
Fidelity Series Stock Selector Large Cap Value Fund (b)
31,217,292
427,676,903
Fidelity Series Value Discovery Fund (b)
25,310,428
392,311,630
TOTAL DOMESTIC EQUITY FUNDS
(Cost $2,022,824,204)
3,515,089,778
International Equity Funds - 20.6%
Shares
Value ($)
Fidelity Series Canada Fund (b)
12,027,692
188,594,210
Fidelity Series Emerging Markets Fund (b)
21,252,610
184,472,658
Fidelity Series Emerging Markets Opportunities Fund (b)
40,364,884
739,484,673
Fidelity Series International Growth Fund (b)
27,521,153
479,693,690
Fidelity Series International Small Cap Fund (b)
11,185,431
181,203,979
Fidelity Series International Value Fund (b)
40,523,686
483,042,334
Fidelity Series Overseas Fund (b)
35,903,171
482,538,617
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $1,950,519,007)
2,739,030,161
Short-Term Funds - 0.3%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
(Cost $33,388,214)
3,385,097
33,783,271
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025
4.56 to 4.58
70,000
69,885
US Treasury Bills 0% 1/2/2025
4.52 to 4.55
730,000
730,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
20,040,000
19,990,378
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
14,360,000
14,312,755
US Treasury Bills 0% 1/9/2025 (d)
4.58
760,000
759,378
US Treasury Bills 0% 2/6/2025 (d)
4.47 to 4.48
410,000
408,317
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $36,261,215)
36,270,713
Money Market Funds - 2.3%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
13,077,644
13,080,260
Fidelity Series Government Money Market Fund (b)(f)
4.58
290,310,773
290,310,773
TOTAL MONEY MARKET FUNDS
(Cost $303,391,033)
303,391,033
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $12,066,967,053)
13,294,124,127
NET OTHER ASSETS (LIABILITIES) - 0.0%
3,122,423
NET ASSETS - 100.0%
13,297,246,550
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
990
Mar 2025
112,241,250
(3,720,134)
(3,720,134)
ICE MSCI Emerging Markets Index Contracts (United States)
3,073
Mar 2025
164,989,370
(5,715,790)
(5,715,790)
TOTAL EQUITY CONTRACTS
(9,435,924)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
3,317
Mar 2025
360,723,750
(3,119,445)
(3,119,445)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
577
Mar 2025
61,337,805
(239,699)
(239,699)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
1,075
Mar 2025
122,382,031
(3,036,234)
(3,036,234)
TOTAL INTEREST RATE CONTRACTS
(6,395,378)
TOTAL PURCHASED
(15,831,302)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
836
Mar 2025
248,114,350
8,054,971
8,054,971
TOTAL FUTURES CONTRACTS
(7,776,331)
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 1.9%
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 $32,669,463.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
23,295,933
271,737,750
281,953,256
766,226
(60)
(107)
13,080,260
13,077,644
0.0%
Total
23,295,933
271,737,750
281,953,256
766,226
(60)
(107)
13,080,260
13,077,644
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
574,430,598
230,706,597
115,195,453
18,319,790
834,760
4,859,814
695,636,316
72,012,041
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
1,165,731,416
36,746,003
222,020,002
35,302,184
(48,026,989)
20,412,866
952,843,294
129,286,743
Fidelity Series All-Sector Equity Fund
136,218,085
10,603,640
29,126,212
8,255,925
5,450,142
2,645,072
125,790,727
10,047,183
Fidelity Series Blue Chip Growth Fund
376,133,357
60,064,735
118,755,821
33,183,761
29,859,715
7,517,573
354,819,559
17,884,050
Fidelity Series Canada Fund
223,769,901
13,344,374
54,902,113
5,641,930
17,019,680
(10,637,632)
188,594,210
12,027,692
Fidelity Series Commodity Strategy Fund
96,961,926
36,200,473
101,778,416
3,397,461
(49,898,814)
45,081,684
26,566,853
308,343
Fidelity Series Emerging Markets Debt Fund
78,679,428
3,086,010
14,404,755
3,084,312
(2,858,103)
3,349,740
67,852,320
8,588,901
Fidelity Series Emerging Markets Debt Local Currency Fund
24,543,226
963,105
3,784,329
962,252
(272,400)
(720,091)
20,729,511
2,424,504
Fidelity Series Emerging Markets Fund
255,419,850
5,583,777
78,089,665
5,166,530
3,278,288
(1,719,592)
184,472,658
21,252,610
Fidelity Series Emerging Markets Opportunities Fund
1,025,190,819
15,326,618
338,698,694
15,297,044
61,546,761
(23,880,831)
739,484,673
40,364,884
Fidelity Series Floating Rate High Income Fund
14,017,570
902,299
2,607,371
902,035
(183,768)
106,324
12,235,054
1,359,450
Fidelity Series Government Money Market Fund
279,933,691
84,457,393
74,080,311
11,224,599
-
-
290,310,773
290,310,773
Fidelity Series Growth Company Fund
701,078,430
124,194,359
224,941,026
76,254,876
79,848,449
(34,644,497)
645,535,715
26,930,985
Fidelity Series High Income Fund
77,560,796
8,752,439
15,359,093
3,749,574
(759,484)
2,012,974
72,207,632
8,386,485
Fidelity Series International Credit Fund
18,996,951
928,671
546,980
928,672
38,663
181,319
19,598,624
2,375,591
Fidelity Series International Developed Markets Bond Index Fund
588,547,705
168,928,049
108,270,714
21,717,525
(6,356,088)
456,139
643,305,091
74,113,490
Fidelity Series International Growth Fund
631,904,296
50,423,863
171,023,407
19,959,181
63,576,540
(95,187,602)
479,693,690
27,521,153
Fidelity Series International Small Cap Fund
229,243,172
17,458,945
52,464,104
17,280,260
10,763,993
(23,798,027)
181,203,979
11,185,431
Fidelity Series International Value Fund
634,939,759
30,367,539
159,096,014
21,852,196
48,334,193
(71,503,143)
483,042,334
40,523,686
Fidelity Series Intrinsic Opportunities Fund
132,026,197
16,905,368
30,879,541
13,234,244
2,905,629
(14,944,086)
106,013,567
9,973,054
Fidelity Series Investment Grade Bond Fund
4,322,006,228
241,108,315
787,532,093
133,919,510
(50,059,730)
27,924,362
3,753,447,082
379,903,551
Fidelity Series Large Cap Stock Fund
660,303,940
93,066,993
152,419,560
50,623,838
41,043,678
(8,092,862)
633,902,189
27,621,010
Fidelity Series Large Cap Value Index Fund
207,417,143
29,665,251
50,404,573
5,621,247
12,937,263
(8,162,929)
191,452,155
11,738,330
Fidelity Series Long-Term Treasury Bond Index Fund
615,545,476
27,008,670
200,551,237
13,219,572
(89,861,568)
63,290,620
415,431,961
78,235,774
Fidelity Series Opportunistic Insights Fund
418,274,644
50,650,226
115,640,620
24,682,887
44,518,149
(11,448,446)
386,353,953
15,971,639
Fidelity Series Overseas Fund
633,606,416
25,675,763
156,126,655
10,760,698
42,790,032
(63,406,939)
482,538,617
35,903,171
Fidelity Series Real Estate Income Fund
14,944,930
732,158
2,641,597
731,432
(5,274)
242,069
13,272,286
1,351,557
Fidelity Series Short-Term Credit Fund
37,975,926
6,646,403
11,416,609
1,216,518
74,075
503,476
33,783,271
3,385,097
Fidelity Series Small Cap Core Fund
17,812,753
5,392,245
2,913,611
258,470
258,148
206,544
20,756,079
1,699,925
Fidelity Series Small Cap Discovery Fund
57,750,680
24,837,012
14,657,304
5,620,027
750,444
(9,201,824)
59,479,008
5,466,821
Fidelity Series Small Cap Opportunities Fund
194,238,399
32,454,000
76,702,806
15,345,464
18,518,152
(24,076,305)
144,431,440
9,872,279
Fidelity Series Stock Selector Large Cap Value Fund
462,435,903
96,558,091
125,254,163
39,793,781
24,178,620
(30,241,548)
427,676,903
31,217,292
Fidelity Series Value Discovery Fund
413,715,056
95,652,934
110,578,465
15,414,333
9,459,464
(15,937,359)
392,311,630
25,310,428
15,321,354,667
1,645,392,318
3,722,863,314
632,922,128
269,702,620
(268,813,137)
13,244,773,154
1,434,553,923
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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