Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
11,390,316
110,030,451
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
1,142,664
8,421,432
Fidelity Series Emerging Markets Debt Fund (b)
11,778,178
93,047,608
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
3,237,209
27,678,138
Fidelity Series Floating Rate High Income Fund (b)
1,951,499
17,563,489
Fidelity Series High Income Fund (b)
11,553,524
99,475,844
Fidelity Series International Credit Fund (b)
604,142
4,984,174
Fidelity Series International Developed Markets Bond Index Fund (b)
19,281,567
167,363,999
Fidelity Series Long-Term Treasury Bond Index Fund (b)
122,741,554
651,757,654
Fidelity Series Real Estate Income Fund (b)
1,799,478
17,670,877
TOTAL BOND FUNDS
(Cost $1,473,760,266)
1,197,993,666
Domestic Equity Funds - 54.2%
Shares
Value ($)
Fidelity Series All-Sector Equity Fund (b)
28,385,990
355,392,594
Fidelity Series Blue Chip Growth Fund (b)
50,526,480
1,002,445,355
Fidelity Series Commodity Strategy Fund (b)
424,771
36,598,243
Fidelity Series Growth Company Fund (b)
76,086,622
1,823,796,326
Fidelity Series Intrinsic Opportunities Fund (b)
28,286,289
300,683,248
Fidelity Series Large Cap Stock Fund (b)
78,087,672
1,792,112,062
Fidelity Series Large Cap Value Index Fund (b)
33,235,930
542,078,012
Fidelity Series Opportunistic Insights Fund (b)
45,123,923
1,091,547,701
Fidelity Series Small Cap Core Fund (b)
4,898,557
59,811,382
Fidelity Series Small Cap Discovery Fund (b)
15,552,442
169,210,571
Fidelity Series Small Cap Opportunities Fund (b)
27,972,178
409,232,965
Fidelity Series Stock Selector Large Cap Value Fund (b)
88,283,912
1,209,489,596
Fidelity Series Value Discovery Fund (b)
71,586,012
1,109,583,190
TOTAL DOMESTIC EQUITY FUNDS
(Cost $7,109,759,205)
9,901,981,245
International Equity Funds - 38.9%
Shares
Value ($)
Fidelity Series Canada Fund (b)
34,060,432
534,067,568
Fidelity Series Emerging Markets Fund (b)
50,655,305
439,688,049
Fidelity Series Emerging Markets Opportunities Fund (b)
97,807,543
1,791,834,195
Fidelity Series International Growth Fund (b)
78,047,907
1,360,375,025
Fidelity Series International Small Cap Fund (b)
15,409,086
249,627,187
Fidelity Series International Value Fund (b)
114,818,216
1,368,633,136
Fidelity Series Overseas Fund (b)
101,485,240
1,363,961,631
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $6,088,034,596)
7,108,186,791
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/16/2025 (d)
4.56 to 4.58
100,000
99,835
US Treasury Bills 0% 1/2/2025 (d)
4.52 to 4.55
3,880,000
3,880,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
16,820,000
16,778,351
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
21,610,000
21,538,902
US Treasury Bills 0% 1/9/2025 (d)
4.58
1,290,000
1,288,944
US Treasury Bills 0% 2/27/2025 (d)
4.45
1,750,000
1,738,510
US Treasury Bills 0% 2/6/2025 (d)
4.47 to 4.48
350,000
348,563
US Treasury Bills 0% 3/13/2025 (d)
4.30 to 4.33
490,000
486,018
US Treasury Bills 0% 3/27/2025 (d)
4.28
4,720,000
4,673,857
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $50,820,190)
50,832,980
Money Market Funds - 0.0%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
(Cost $12,668,241)
4.36
12,665,708
12,668,241
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $14,735,042,498)
18,271,662,923
NET OTHER ASSETS (LIABILITIES) - 0.0%
9,129,554
NET ASSETS - 100.0%
18,280,792,477
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
1,380
Mar 2025
156,457,500
(5,179,518)
(5,179,518)
ICE MSCI Emerging Markets Index Contracts (United States)
5,241
Mar 2025
281,389,290
(9,747,379)
(9,747,379)
TOTAL EQUITY CONTRACTS
(14,926,897)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
2,973
Mar 2025
323,313,750
(2,745,030)
(2,745,030)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
3,646
Mar 2025
415,074,313
(13,118,220)
(13,118,220)
TOTAL INTEREST RATE CONTRACTS
(15,863,250)
TOTAL PURCHASED
(30,790,147)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
1,154
Mar 2025
342,492,775
11,118,950
11,118,950
TOTAL FUTURES CONTRACTS
(19,671,197)
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 $50,327,983.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
17,969,445
385,536,085
390,836,966
946,664
(323)
-
12,668,241
12,665,708
0.0%
Total
17,969,445
385,536,085
390,836,966
946,664
(323)
-
12,668,241
12,665,708
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
8,693,870
127,211,456
25,447,325
2,218,712
117,866
(545,416)
110,030,451
11,390,316
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
9,041,667
635,002
1,005,156
302,353
(54,640)
(195,441)
8,421,432
1,142,664
Fidelity Series All-Sector Equity Fund
342,912,438
40,475,903
49,238,628
23,260,850
6,996,051
14,246,830
355,392,594
28,385,990
Fidelity Series Blue Chip Growth Fund
949,530,781
211,034,455
259,056,092
91,791,501
46,684,854
54,251,357
1,002,445,355
50,526,480
Fidelity Series Canada Fund
518,264,132
73,282,156
70,468,100
15,915,590
13,239,368
(249,988)
534,067,568
34,060,432
Fidelity Series Commodity Strategy Fund
122,579,707
41,776,162
121,304,799
4,534,232
(71,250,007)
64,797,180
36,598,243
424,771
Fidelity Series Emerging Markets Debt Fund
93,593,976
9,706,096
10,907,273
3,998,828
125,981
528,828
93,047,608
11,778,178
Fidelity Series Emerging Markets Debt Local Currency Fund
29,840,574
2,209,348
3,031,698
1,279,063
(10,691)
(1,329,395)
27,678,138
3,237,209
Fidelity Series Emerging Markets Fund
487,795,753
61,447,534
109,053,065
12,301,632
5,504,632
(6,006,805)
439,688,049
50,655,305
Fidelity Series Emerging Markets Opportunities Fund
1,968,309,731
129,670,500
367,815,364
36,662,726
12,394,024
49,275,304
1,791,834,195
97,807,543
Fidelity Series Floating Rate High Income Fund
17,766,005
1,892,067
1,996,531
1,227,579
5,482
(103,534)
17,563,489
1,951,499
Fidelity Series Government Money Market Fund
263,754
15,939,758
16,203,512
185,527
-
-
-
-
Fidelity Series Growth Company Fund
1,772,438,983
409,798,692
473,772,676
215,076,591
73,375,475
41,955,852
1,823,796,326
76,086,622
Fidelity Series High Income Fund
95,642,829
15,778,102
13,704,234
5,012,033
228,341
1,530,806
99,475,844
11,553,524
Fidelity Series International Credit Fund
4,945,986
239,346
259,464
239,347
(2,885)
61,191
4,984,174
604,142
Fidelity Series International Developed Markets Bond Index Fund
-
177,833,490
6,323,687
2,843,574
12,670
(4,158,474)
167,363,999
19,281,567
Fidelity Series International Growth Fund
1,472,931,821
180,684,333
204,958,265
56,298,927
40,160,281
(128,443,145)
1,360,375,025
78,047,907
Fidelity Series International Small Cap Fund
274,691,205
34,400,619
41,048,400
23,784,291
6,660,636
(25,076,873)
249,627,187
15,409,086
Fidelity Series International Value Fund
1,484,810,124
161,788,296
206,229,563
61,654,556
30,698,062
(102,433,783)
1,368,633,136
114,818,216
Fidelity Series Intrinsic Opportunities Fund
333,545,044
63,416,671
63,269,879
36,724,987
2,664,592
(35,673,180)
300,683,248
28,286,289
Fidelity Series Investment Grade Bond Fund
-
28,807,730
28,967,891
81,646
160,161
-
-
-
Fidelity Series Large Cap Stock Fund
1,670,460,792
284,567,298
249,253,609
138,803,928
52,214,156
34,123,425
1,792,112,062
78,087,672
Fidelity Series Large Cap Value Index Fund
524,288,255
99,596,239
94,304,266
15,840,577
13,980,981
(1,483,197)
542,078,012
33,235,930
Fidelity Series Long-Term Treasury Bond Index Fund
891,345,154
85,671,488
286,589,119
20,601,840
(96,844,676)
58,174,807
651,757,654
122,741,554
Fidelity Series Opportunistic Insights Fund
1,056,183,422
174,791,127
226,198,573
69,536,165
42,442,804
44,328,921
1,091,547,701
45,123,923
Fidelity Series Overseas Fund
1,476,832,691
129,190,589
181,567,709
30,348,408
30,700,097
(91,194,037)
1,363,961,631
101,485,240
Fidelity Series Real Estate Income Fund
17,796,021
1,607,456
2,015,355
942,969
42,073
240,682
17,670,877
1,799,478
Fidelity Series Short-Term Credit Fund
1,232,687
-
1,226,430
1,415
26,221
(32,478)
-
-
Fidelity Series Small Cap Core Fund
46,735,192
19,628,864
7,528,556
737,352
719,907
255,975
59,811,382
4,898,557
Fidelity Series Small Cap Discovery Fund
144,639,070
77,032,062
29,975,572
15,265,697
1,305,032
(23,790,021)
169,210,571
15,552,442
Fidelity Series Small Cap Opportunities Fund
489,499,624
107,366,407
172,695,239
42,514,387
20,454,297
(35,392,124)
409,232,965
27,972,178
Fidelity Series Stock Selector Large Cap Value Fund
1,169,678,219
286,539,079
227,441,921
112,129,140
29,375,580
(48,661,361)
1,209,489,596
88,283,912
Fidelity Series Value Discovery Fund
1,044,580,595
284,248,931
200,240,106
43,435,072
25,773,096
(44,779,326)
1,109,583,190
71,586,012
18,520,870,102
3,338,267,256
3,753,098,057
1,085,551,495
287,899,821
(185,777,420)
18,208,161,702
1,226,214,638
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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