Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
4,532,799
43,786,834
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
8,115,060
59,807,990
Fidelity Series Corporate Bond Fund (b)
5,049,870
46,408,309
Fidelity Series Emerging Markets Debt Fund (b)
550,939
4,352,417
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
148,841
1,272,591
Fidelity Series Floating Rate High Income Fund (b)
87,939
791,448
Fidelity Series Government Bond Index Fund (b)
8,185,900
73,754,959
Fidelity Series High Income Fund (b)
526,884
4,536,471
Fidelity Series International Developed Markets Bond Index Fund (b)
4,806,286
41,718,566
Fidelity Series Investment Grade Bond Fund (b)
7,160,449
70,745,235
Fidelity Series Investment Grade Securitized Fund (b)
5,095,870
44,741,738
Fidelity Series Long-Term Treasury Bond Index Fund (b)
4,936,881
26,214,838
Fidelity Series Real Estate Income Fund (b)
85,375
838,377
TOTAL BOND FUNDS
(Cost $474,310,285)
418,969,773
Domestic Equity Funds - 26.4%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (b)
2,532,995
50,254,625
Fidelity Series Commodity Strategy Fund (b)
19,373
1,669,201
Fidelity Series Large Cap Growth Index Fund (b)
1,281,030
32,538,155
Fidelity Series Large Cap Stock Fund (b)
1,287,669
29,552,005
Fidelity Series Large Cap Value Index Fund (b)
3,789,806
61,811,734
Fidelity Series Small Cap Core Fund (b)
1,320,154
16,119,082
Fidelity Series Small Cap Opportunities Fund (b)
466,372
6,823,027
Fidelity Series Value Discovery Fund (b)
1,399,235
21,688,144
TOTAL DOMESTIC EQUITY FUNDS
(Cost $155,751,269)
220,455,973
International Equity Funds - 20.6%
Shares
Value ($)
Fidelity Series Canada Fund (b)
756,432
11,860,854
Fidelity Series Emerging Markets Fund (b)
1,335,315
11,590,535
Fidelity Series Emerging Markets Opportunities Fund (b)
2,536,145
46,462,182
Fidelity Series International Growth Fund (b)
1,537,330
26,795,667
Fidelity Series International Index Fund (b)
869,410
10,302,511
Fidelity Series International Small Cap Fund (b)
702,775
11,384,959
Fidelity Series International Value Fund (b)
2,262,285
26,966,440
Fidelity Series Overseas Fund (b)
2,001,287
26,897,294
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $148,008,732)
172,260,442
Short-Term Funds - 1.9%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
258,598
2,580,807
Fidelity Series Treasury Bill Index Fund (b)
1,317,122
13,105,363
TOTAL SHORT-TERM FUNDS
(Cost $15,646,706)
15,686,170
U.S. Treasury Obligations - 0.3%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/2/2025
4.52 to 4.55
110,000
110,000
US Treasury Bills 0% 1/23/2025 (d)
4.55
1,020,000
1,017,474
US Treasury Bills 0% 1/30/2025 (d)
4.45 to 4.51
930,000
926,940
US Treasury Bills 0% 1/9/2025 (d)
4.58
100,000
99,918
US Treasury Bills 0% 2/6/2025 (d)
4.47
20,000
19,918
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $2,173,695)
2,174,250
Money Market Funds - 0.7%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
848,324
848,494
Fidelity Series Government Money Market Fund (b)(f)
4.58
4,720,800
4,720,800
TOTAL MONEY MARKET FUNDS
(Cost $5,569,294)
5,569,294
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $801,459,981)
835,115,902
NET OTHER ASSETS (LIABILITIES) - 0.0%
399,272
NET ASSETS - 100.0%
835,515,174
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
60
Mar 2025
6,802,500
(225,448)
(225,448)
ICE MSCI Emerging Markets Index Contracts (United States)
195
Mar 2025
10,469,550
(349,566)
(349,566)
TOTAL EQUITY CONTRACTS
(575,014)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
208
Mar 2025
22,620,000
(205,501)
(205,501)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
36
Mar 2025
3,826,969
(14,955)
(14,955)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
67
Mar 2025
7,627,531
(186,585)
(186,585)
TOTAL INTEREST RATE CONTRACTS
(407,041)
TOTAL PURCHASED
(982,055)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
51
Mar 2025
15,136,163
491,392
491,392
TOTAL FUTURES CONTRACTS
(490,663)
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 1.8%
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 $2,063,252.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
958,674
16,245,234
16,355,404
40,463
(10)
-
848,494
848,324
0.0%
Total
958,674
16,245,234
16,355,404
40,463
(10)
-
848,494
848,324
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
27,881,393
20,562,975
4,868,938
1,076,477
(7,410)
218,814
43,786,834
4,532,799
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
57,276,949
13,952,433
9,410,521
2,056,031
(157,938)
(1,852,933)
59,807,990
8,115,060
Fidelity Series Blue Chip Growth Fund
44,137,815
16,172,126
15,065,541
4,294,724
940,415
4,069,810
50,254,625
2,532,995
Fidelity Series Canada Fund
11,124,021
3,156,250
2,689,536
350,017
16,354
253,765
11,860,854
756,432
Fidelity Series Commodity Strategy Fund
4,813,932
2,557,112
5,415,965
192,612
(2,759,954)
2,474,076
1,669,201
19,373
Fidelity Series Corporate Bond Fund
43,612,327
10,698,061
7,639,299
1,537,286
(174,497)
(88,283)
46,408,309
5,049,870
Fidelity Series Emerging Markets Debt Fund
3,929,389
1,022,792
610,644
175,406
(979)
11,859
4,352,417
550,939
Fidelity Series Emerging Markets Debt Local Currency Fund
1,221,794
274,225
155,484
58,479
(4,720)
(63,224)
1,272,591
148,841
Fidelity Series Emerging Markets Fund
12,697,718
2,874,198
3,872,719
320,472
(164,685)
56,023
11,590,535
1,335,315
Fidelity Series Emerging Markets Opportunities Fund
50,965,903
10,888,601
16,740,454
948,828
(254,470)
1,602,602
46,462,182
2,536,145
Fidelity Series Floating Rate High Income Fund
701,001
205,172
111,025
51,102
(15)
(3,685)
791,448
87,939
Fidelity Series Government Bond Index Fund
63,890,168
19,892,436
9,213,189
1,778,268
(37,111)
(777,345)
73,754,959
8,185,900
Fidelity Series Government Money Market Fund
3,815,765
2,043,654
1,138,619
169,165
-
-
4,720,800
4,720,800
Fidelity Series High Income Fund
3,915,697
1,209,878
655,795
213,844
(5,104)
71,795
4,536,471
526,884
Fidelity Series International Developed Markets Bond Index Fund
29,583,931
17,015,422
4,492,189
1,287,560
(15,385)
(373,213)
41,718,566
4,806,286
Fidelity Series International Growth Fund
27,908,535
8,052,391
7,376,176
1,097,777
37,030
(1,826,113)
26,795,667
1,537,330
Fidelity Series International Index Fund
10,566,175
2,544,309
2,258,663
300,165
(18,375)
(530,935)
10,302,511
869,410
Fidelity Series International Small Cap Fund
11,396,277
3,304,291
2,420,859
1,072,340
(9,376)
(885,374)
11,384,959
702,775
Fidelity Series International Value Fund
28,042,558
7,247,769
6,796,169
1,202,607
186,971
(1,714,689)
26,966,440
2,262,285
Fidelity Series Investment Grade Bond Fund
64,303,178
16,771,085
9,669,390
2,244,345
(26,183)
(633,455)
70,745,235
7,160,449
Fidelity Series Investment Grade Securitized Fund
42,323,581
10,190,644
7,312,436
1,529,791
(145,108)
(314,943)
44,741,738
5,095,870
Fidelity Series Large Cap Growth Index Fund
27,957,248
7,882,585
8,783,319
185,410
772,326
4,709,315
32,538,155
1,281,030
Fidelity Series Large Cap Stock Fund
29,626,303
8,382,477
10,061,536
2,189,610
1,534,191
70,570
29,552,005
1,287,669
Fidelity Series Large Cap Value Index Fund
52,954,671
21,796,889
14,053,607
1,796,029
306,209
807,572
61,811,734
3,789,806
Fidelity Series Long-Term Treasury Bond Index Fund
30,601,144
6,684,313
9,351,893
735,267
(2,342,472)
623,746
26,214,838
4,936,881
Fidelity Series Overseas Fund
27,974,305
6,844,132
6,613,953
591,775
52,103
(1,359,293)
26,897,294
2,001,287
Fidelity Series Real Estate Income Fund
743,682
196,029
111,054
41,932
1,222
8,498
838,377
85,375
Fidelity Series Short-Term Credit Fund
2,266,697
798,863
513,383
76,597
412
28,218
2,580,807
258,598
Fidelity Series Small Cap Core Fund
490,567
17,444,019
2,274,374
166,512
53,067
405,803
16,119,082
1,320,154
Fidelity Series Small Cap Opportunities Fund
13,102,980
2,298,833
8,278,601
676,201
789,933
(1,090,118)
6,823,027
466,372
Fidelity Series Treasury Bill Index Fund
12,464,359
5,491,200
4,871,984
434,173
(8,686)
30,474
13,105,363
1,317,122
Fidelity Series Value Discovery Fund
19,561,729
8,105,944
5,556,437
847,619
144,262
(567,354)
21,688,144
1,399,235
761,851,792
256,561,108
188,383,752
29,698,421
(1,297,973)
3,361,983
832,093,158
79,677,226
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.
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