Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
12,720,123
122,876,389
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
1,276,960
9,411,197
Fidelity Series Emerging Markets Debt Fund (b)
13,161,238
103,973,778
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
3,617,640
30,930,819
Fidelity Series Floating Rate High Income Fund (b)
2,179,968
19,619,708
Fidelity Series High Income Fund (b)
12,902,169
111,087,678
Fidelity Series International Credit Fund (b)
723,694
5,970,477
Fidelity Series International Developed Markets Bond Index Fund (b)
21,499,631
186,616,793
Fidelity Series Long-Term Treasury Bond Index Fund (b)
137,039,695
727,680,779
Fidelity Series Real Estate Income Fund (b)
2,010,215
19,740,315
TOTAL BOND FUNDS
(Cost $1,642,230,261)
1,337,907,933
Domestic Equity Funds - 54.2%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (b)
31,700,015
396,884,185
Fidelity Series Blue Chip Growth Fund (b)
56,425,583
1,119,483,557
Fidelity Series Commodity Strategy Fund (b)
474,362
40,871,028
Fidelity Series Growth Company Fund (b)
84,969,767
2,036,725,322
Fidelity Series Intrinsic Opportunities Fund (b)
31,588,721
335,788,104
Fidelity Series Large Cap Stock Fund (b)
87,204,284
2,001,338,326
Fidelity Series Large Cap Value Index Fund (b)
37,116,195
605,365,141
Fidelity Series Opportunistic Insights Fund (b)
50,392,128
1,218,985,577
Fidelity Series Small Cap Core Fund (b)
5,470,653
66,796,668
Fidelity Series Small Cap Discovery Fund (b)
17,368,193
188,965,939
Fidelity Series Small Cap Opportunities Fund (b)
31,237,612
457,006,264
Fidelity Series Stock Selector Large Cap Value Fund (b)
98,591,009
1,350,696,828
Fidelity Series Value Discovery Fund (b)
79,943,695
1,239,127,272
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,841,247,886)
11,058,034,211
International Equity Funds - 38.9%
Shares
Value ($)
Fidelity Series Canada Fund (b)
38,037,065
596,421,185
Fidelity Series Emerging Markets Fund (b)
56,587,391
491,178,551
Fidelity Series Emerging Markets Opportunities Fund (b)
109,209,029
2,000,709,418
Fidelity Series International Growth Fund (b)
87,167,431
1,519,328,322
Fidelity Series International Small Cap Fund (b)
17,208,073
278,770,788
Fidelity Series International Value Fund (b)
128,234,211
1,528,551,792
Fidelity Series Overseas Fund (b)
113,333,537
1,523,202,732
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $6,740,731,430)
7,938,162,788
U.S. Treasury Obligations - 0.2%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.56 to 4.58
100,000
99,835
US Treasury Bills 0% 1/2/2025 (d)
4.52 to 4.55
4,280,000
4,280,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
18,680,000
18,633,746
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
23,810,000
23,731,664
US Treasury Bills 0% 1/9/2025 (d)
4.58
1,390,000
1,388,862
US Treasury Bills 0% 2/27/2025 (d)
4.45
1,950,000
1,937,197
US Treasury Bills 0% 2/6/2025 (d)
4.47 to 4.48
390,000
388,399
US Treasury Bills 0% 3/13/2025 (d)
4.30 to 4.33
1,240,000
1,229,922
US Treasury Bills 0% 3/27/2025 (d)
4.28
4,970,000
4,921,413
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $56,596,776)
56,611,038
Money Market Funds - 0.0%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
(Cost $13,480,024)
4.36
13,477,329
13,480,023
TOTAL INVESTMENT IN SECURITIES - 99.9%
(Cost $16,294,286,377)
20,404,195,993
NET OTHER ASSETS (LIABILITIES) - 0.1%
10,941,944
NET ASSETS - 100.0%
20,415,137,937
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
1,539
Mar 2025
174,484,125
(5,777,303)
(5,777,303)
ICE MSCI Emerging Markets Index Contracts (United States)
5,794
Mar 2025
311,079,860
(10,776,404)
(10,776,404)
TOTAL EQUITY CONTRACTS
(16,553,707)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
3,320
Mar 2025
361,050,000
(3,065,422)
(3,065,422)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
4,072
Mar 2025
463,571,750
(14,712,402)
(14,712,402)
TOTAL INTEREST RATE CONTRACTS
(17,777,824)
TOTAL PURCHASED
(34,331,531)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
1,287
Mar 2025
381,965,513
12,400,430
12,400,430
TOTAL FUTURES CONTRACTS
(21,931,101)
The notional amount of futures purchased as a percentage of Net Assets is 6.5%
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 $56,055,041.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
19,774,223
426,018,885
432,312,728
1,039,556
(357)
-
13,480,023
13,477,329
0.0%
Total
19,774,223
426,018,885
432,312,728
1,039,556
(357)
-
13,480,023
13,477,329
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
9,596,736
140,831,764
27,060,145
2,465,699
113,670
(605,636)
122,876,389
12,720,123
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
9,984,628
683,556
976,623
335,426
(54,763)
(225,601)
9,411,197
1,276,960
Fidelity Series All-Sector Equity Fund
378,668,898
44,430,775
49,223,736
25,972,767
6,406,769
16,601,479
396,884,185
31,700,015
Fidelity Series Blue Chip Growth Fund
1,048,605,659
230,431,484
270,524,899
101,477,189
48,408,177
62,563,136
1,119,483,557
56,425,583
Fidelity Series Canada Fund
572,350,467
79,960,026
69,678,833
17,777,641
12,998,729
790,796
596,421,185
38,037,065
Fidelity Series Commodity Strategy Fund
135,365,086
45,624,728
132,975,655
5,010,522
(79,522,784)
72,379,653
40,871,028
474,362
Fidelity Series Emerging Markets Debt Fund
103,322,631
10,557,022
10,603,087
4,424,303
281,468
415,744
103,973,778
13,161,238
Fidelity Series Emerging Markets Debt Local Currency Fund
32,974,415
2,402,547
2,946,071
1,429,248
(22,159)
(1,477,913)
30,930,819
3,617,640
Fidelity Series Emerging Markets Fund
538,692,016
35,440,093
80,607,467
13,741,536
4,484,291
(6,830,382)
491,178,551
56,587,391
Fidelity Series Emerging Markets Opportunities Fund
2,173,738,716
155,877,786
397,708,575
40,949,276
11,589,210
57,212,281
2,000,709,418
109,209,029
Fidelity Series Floating Rate High Income Fund
19,616,335
2,052,621
1,939,480
1,357,406
3,002
(112,770)
19,619,708
2,179,968
Fidelity Series Government Money Market Fund
293,546
17,757,935
18,051,481
205,884
-
-
-
-
Fidelity Series Growth Company Fund
1,957,404,972
451,725,233
496,416,768
240,086,989
71,506,894
52,504,991
2,036,725,322
84,969,767
Fidelity Series High Income Fund
105,603,946
17,274,384
13,721,772
5,546,752
97,904
1,833,216
111,087,678
12,902,169
Fidelity Series International Credit Fund
5,887,652
285,818
272,707
285,818
7,546
62,168
5,970,477
723,694
Fidelity Series International Developed Markets Bond Index Fund
-
195,730,196
4,476,648
3,170,406
4,892
(4,641,647)
186,616,793
21,499,631
Fidelity Series International Growth Fund
1,626,652,343
197,106,083
205,323,465
62,871,589
35,421,593
(134,528,232)
1,519,328,322
87,167,431
Fidelity Series International Small Cap Fund
303,348,667
37,802,237
41,661,931
26,553,904
6,834,492
(27,552,677)
278,770,788
17,208,073
Fidelity Series International Value Fund
1,639,789,260
175,547,308
206,024,707
68,851,845
33,050,014
(113,810,083)
1,528,551,792
128,234,211
Fidelity Series Intrinsic Opportunities Fund
368,359,861
69,313,243
65,063,132
40,729,617
2,483,947
(39,305,815)
335,788,104
31,588,721
Fidelity Series Investment Grade Bond Fund
-
31,900,706
32,077,909
90,398
177,203
-
-
-
Fidelity Series Large Cap Stock Fund
1,844,818,738
310,328,698
247,514,937
154,116,153
53,643,041
40,062,786
2,001,338,326
87,204,284
Fidelity Series Large Cap Value Index Fund
579,004,702
109,061,892
95,989,104
17,693,315
13,540,942
(253,291)
605,365,141
37,116,195
Fidelity Series Long-Term Treasury Bond Index Fund
984,386,482
93,196,772
306,849,545
22,785,866
(103,621,694)
60,568,764
727,680,779
137,039,695
Fidelity Series Opportunistic Insights Fund
1,166,388,875
192,246,983
234,077,481
77,631,344
40,933,350
53,493,850
1,218,985,577
50,392,128
Fidelity Series Overseas Fund
1,630,959,820
139,498,784
179,179,228
33,889,101
31,132,814
(99,209,458)
1,523,202,732
113,333,537
Fidelity Series Real Estate Income Fund
19,650,596
1,741,550
1,958,442
1,046,336
41,061
265,550
19,740,315
2,010,215
Fidelity Series Short-Term Credit Fund
996,698
1
991,639
1,144
21,600
(26,660)
-
-
Fidelity Series Small Cap Core Fund
51,810,544
22,095,906
8,158,191
816,006
760,281
288,128
66,796,668
5,470,653
Fidelity Series Small Cap Discovery Fund
159,726,486
84,803,288
30,519,053
16,940,263
1,260,693
(26,305,475)
188,965,939
17,368,193
Fidelity Series Small Cap Opportunities Fund
540,572,134
117,344,924
183,974,238
47,035,303
21,719,803
(38,656,359)
457,006,264
31,237,612
Fidelity Series Stock Selector Large Cap Value Fund
1,291,766,477
315,224,754
233,011,503
125,239,636
27,929,989
(51,212,889)
1,350,696,828
98,591,009
Fidelity Series Value Discovery Fund
1,153,577,786
311,138,737
203,458,665
48,516,868
24,888,082
(47,018,668)
1,239,127,272
79,943,695
20,453,915,172
3,639,417,834
3,853,017,117
1,209,045,550
266,520,057
(172,731,014)
20,334,104,932
1,369,390,287
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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