Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
7,091,723
68,506,040
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
713,208
5,256,345
Fidelity Series Emerging Markets Debt Fund (b)
7,365,038
58,183,803
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
2,008,475
17,172,459
Fidelity Series Floating Rate High Income Fund (b)
1,217,668
10,959,011
Fidelity Series High Income Fund (b)
7,193,211
61,933,543
Fidelity Series International Credit Fund (b)
203,551
1,679,293
Fidelity Series International Developed Markets Bond Index Fund (b)
12,176,318
105,690,437
Fidelity Series Long-Term Treasury Bond Index Fund (b)
76,377,573
405,564,912
Fidelity Series Real Estate Income Fund (b)
1,122,518
11,023,129
TOTAL BOND FUNDS
(Cost $902,337,228)
745,968,972
Domestic Equity Funds - 54.2%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (b)
17,673,324
221,270,011
Fidelity Series Blue Chip Growth Fund (b)
31,458,228
624,131,236
Fidelity Series Commodity Strategy Fund (b)
264,466
22,786,376
Fidelity Series Growth Company Fund (b)
47,372,079
1,135,508,732
Fidelity Series Intrinsic Opportunities Fund (b)
17,611,337
187,208,517
Fidelity Series Large Cap Stock Fund (b)
48,618,009
1,115,783,305
Fidelity Series Large Cap Value Index Fund (b)
20,693,050
337,503,654
Fidelity Series Opportunistic Insights Fund (b)
28,094,514
679,606,287
Fidelity Series Small Cap Core Fund (b)
3,051,977
37,264,640
Fidelity Series Small Cap Discovery Fund (b)
9,683,135
105,352,508
Fidelity Series Small Cap Opportunities Fund (b)
17,413,981
254,766,542
Fidelity Series Stock Selector Large Cap Value Fund (b)
54,966,489
753,040,898
Fidelity Series Value Discovery Fund (b)
44,570,318
690,839,936
TOTAL DOMESTIC EQUITY FUNDS
(Cost $4,808,095,687)
6,165,062,642
International Equity Funds - 38.9%
Shares
Value ($)
Fidelity Series Canada Fund (b)
21,206,470
332,517,449
Fidelity Series Emerging Markets Fund (b)
31,550,755
273,860,553
Fidelity Series Emerging Markets Opportunities Fund (b)
60,877,788
1,115,281,077
Fidelity Series International Growth Fund (b)
48,598,331
847,068,904
Fidelity Series International Small Cap Fund (b)
9,593,849
155,420,358
Fidelity Series International Value Fund (b)
71,494,577
852,215,362
Fidelity Series Overseas Fund (b)
63,185,526
849,213,466
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $3,962,788,501)
4,425,577,169
U.S. Treasury Obligations - 0.2%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.56 to 4.58
50,000
49,918
US Treasury Bills 0% 1/2/2025 (d)
4.52 to 4.55
2,390,000
2,390,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
9,820,000
9,795,684
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
13,330,000
13,286,144
US Treasury Bills 0% 1/9/2025 (d)
4.58
790,000
789,353
US Treasury Bills 0% 2/27/2025 (d)
4.45
1,230,000
1,221,924
US Treasury Bills 0% 2/6/2025 (d)
4.47 to 4.48
200,000
199,179
US Treasury Bills 0% 3/13/2025 (d)
4.30 to 4.33
990,000
981,954
US Treasury Bills 0% 3/27/2025 (d)
4.28
2,900,000
2,871,649
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $31,577,840)
31,585,805
Money Market Funds - 0.0%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
(Cost $7,337,127)
4.36
7,335,660
7,337,127
TOTAL INVESTMENT IN SECURITIES - 99.9%
(Cost $9,712,136,383)
11,375,531,715
NET OTHER ASSETS (LIABILITIES) - 0.1%
6,404,811
NET ASSETS - 100.0%
11,381,936,526
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
858
Mar 2025
97,275,750
(3,220,615)
(3,220,615)
ICE MSCI Emerging Markets Index Contracts (United States)
3,231
Mar 2025
173,472,390
(6,009,485)
(6,009,485)
TOTAL EQUITY CONTRACTS
(9,230,100)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
1,852
Mar 2025
201,405,000
(1,709,989)
(1,709,989)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
2,272
Mar 2025
258,653,000
(8,218,363)
(8,218,363)
TOTAL INTEREST RATE CONTRACTS
(9,928,352)
TOTAL PURCHASED
(19,158,452)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
718
Mar 2025
213,093,425
6,918,032
6,918,032
TOTAL FUTURES CONTRACTS
(12,240,420)
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 $31,268,808.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
10,330,885
236,681,406
239,674,979
585,493
(185)
-
7,337,127
7,335,660
0.0%
Total
10,330,885
236,681,406
239,674,979
585,493
(185)
-
7,337,127
7,335,660
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
5,228,969
79,346,845
15,792,106
1,375,003
71,439
(349,107)
68,506,040
7,091,723
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
5,442,805
540,591
569,480
186,402
(5,197)
(152,374)
5,256,345
713,208
Fidelity Series All-Sector Equity Fund
206,387,102
30,424,070
28,198,221
14,468,852
4,042,994
8,614,066
221,270,011
17,673,324
Fidelity Series Blue Chip Growth Fund
571,377,160
144,182,134
152,811,063
56,304,478
24,178,077
37,204,928
624,131,236
31,458,228
Fidelity Series Canada Fund
311,910,294
53,659,408
40,638,433
9,906,239
7,966,649
(380,469)
332,517,449
21,206,470
Fidelity Series Commodity Strategy Fund
73,767,262
26,684,601
73,682,205
2,782,128
(40,625,635)
36,642,354
22,786,377
264,466
Fidelity Series Emerging Markets Debt Fund
56,326,523
7,646,952
6,173,571
2,450,724
242,069
141,830
58,183,803
7,365,038
Fidelity Series Emerging Markets Debt Local Currency Fund
17,953,017
1,783,981
1,728,276
792,952
19,548
(855,811)
17,172,459
2,008,475
Fidelity Series Emerging Markets Fund
293,615,811
28,203,217
46,407,737
7,657,442
2,915,224
(4,465,962)
273,860,553
31,550,755
Fidelity Series Emerging Markets Opportunities Fund
1,184,417,076
119,514,381
225,702,392
22,817,920
2,110,470
34,941,542
1,115,281,077
60,877,788
Fidelity Series Floating Rate High Income Fund
10,690,005
1,458,651
1,130,049
750,791
7,295
(66,891)
10,959,011
1,217,668
Fidelity Series Government Money Market Fund
159,362
10,090,721
10,250,083
116,268
-
-
-
-
Fidelity Series Growth Company Fund
1,066,506,659
280,691,919
279,458,992
133,778,540
42,102,930
25,666,216
1,135,508,732
47,372,079
Fidelity Series High Income Fund
57,557,235
11,227,672
7,923,966
3,070,465
203,870
868,732
61,933,543
7,193,211
Fidelity Series International Credit Fund
1,668,907
80,701
90,063
80,700
(787)
20,535
1,679,293
203,551
Fidelity Series International Developed Markets Bond Index Fund
-
112,520,334
4,236,889
1,793,784
7,123
(2,600,131)
105,690,437
12,176,318
Fidelity Series International Growth Fund
886,314,987
133,467,330
117,677,666
35,033,561
17,161,916
(72,197,663)
847,068,904
48,598,331
Fidelity Series International Small Cap Fund
165,528,332
25,336,507
23,881,073
14,796,349
2,139,877
(13,703,285)
155,420,358
9,593,849
Fidelity Series International Value Fund
893,383,186
122,815,895
118,611,556
38,370,316
15,719,900
(61,092,063)
852,215,362
71,494,577
Fidelity Series Intrinsic Opportunities Fund
200,687,559
43,797,396
36,877,906
22,630,412
(2,175,986)
(18,222,546)
187,208,517
17,611,337
Fidelity Series Investment Grade Bond Fund
-
17,339,396
17,434,653
49,491
95,257
-
-
-
Fidelity Series Large Cap Stock Fund
1,005,085,008
202,501,956
143,454,445
85,384,132
27,358,787
24,291,999
1,115,783,305
48,618,009
Fidelity Series Large Cap Value Index Fund
315,463,209
69,395,227
54,694,128
9,856,677
7,431,416
(92,070)
337,503,654
20,693,050
Fidelity Series Long-Term Treasury Bond Index Fund
536,305,226
63,094,322
169,903,000
12,585,892
(50,902,213)
26,970,577
405,564,912
76,377,573
Fidelity Series Opportunistic Insights Fund
635,548,831
124,155,076
132,014,255
43,246,435
18,463,098
33,453,537
679,606,287
28,094,514
Fidelity Series Overseas Fund
888,662,668
102,107,383
103,514,707
18,883,744
16,631,009
(54,672,887)
849,213,466
63,185,526
Fidelity Series Real Estate Income Fund
10,710,003
1,288,292
1,141,906
580,423
32,893
133,847
11,023,129
1,122,518
Fidelity Series Short-Term Credit Fund
1,058,808
-
1,053,434
1,215
22,092
(27,466)
-
-
Fidelity Series Small Cap Core Fund
28,002,859
13,267,181
4,578,409
451,966
405,236
167,773
37,264,640
3,051,977
Fidelity Series Small Cap Discovery Fund
87,032,521
49,513,015
17,395,065
9,371,161
992,820
(14,790,783)
105,352,508
9,683,135
Fidelity Series Small Cap Opportunities Fund
294,536,771
72,605,319
102,974,479
26,100,353
7,301,634
(16,702,703)
254,766,542
17,413,981
Fidelity Series Stock Selector Large Cap Value Fund
703,773,123
194,671,981
132,273,172
69,769,060
16,752,585
(29,883,620)
753,040,897
54,966,489
Fidelity Series Value Discovery Fund
628,569,162
190,913,509
116,302,746
27,028,069
13,237,255
(25,577,244)
690,839,936
44,570,318
11,143,670,440
2,334,325,963
2,188,576,126
672,471,944
133,903,645
(86,715,139)
11,336,608,783
763,447,486
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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