Fidelity Series 0-5 Year Inflation-Protected Bond Index Fund (b)
1,598,924
15,445,608
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund (b)
254,898
1,878,595
Fidelity Series Corporate Bond Fund (b)
706,405
6,491,865
Fidelity Series Emerging Markets Debt Fund (b)
63,009
497,769
Fidelity Series Emerging Markets Debt Local Currency Fund (b)
17,050
145,776
Fidelity Series Floating Rate High Income Fund (b)
10,289
92,601
Fidelity Series Government Bond Index Fund (b)
1,141,250
10,282,662
Fidelity Series High Income Fund (b)
58,937
507,447
Fidelity Series International Developed Markets Bond Index Fund (b)
532,260
4,620,016
Fidelity Series Investment Grade Bond Fund (b)
1,000,366
9,883,613
Fidelity Series Investment Grade Securitized Fund (b)
713,029
6,260,396
Fidelity Series Long-Term Treasury Bond Index Fund (b)
466,674
2,478,037
Fidelity Series Real Estate Income Fund (b)
9,521
93,500
TOTAL BOND FUNDS
(Cost $64,670,589)
58,677,885
Domestic Equity Funds - 15.4%
Shares
Value ($)
Fidelity Series Blue Chip Growth Fund (b)
164,853
3,270,688
Fidelity Series Commodity Strategy Fund (b)
2,167
186,710
Fidelity Series Large Cap Growth Index Fund (b)
83,372
2,117,654
Fidelity Series Large Cap Stock Fund (b)
83,535
1,917,119
Fidelity Series Large Cap Value Index Fund (b)
245,856
4,009,917
Fidelity Series Small Cap Core Fund (b)
84,855
1,036,084
Fidelity Series Small Cap Opportunities Fund (b)
29,465
431,067
Fidelity Series Value Discovery Fund (b)
90,230
1,398,558
TOTAL DOMESTIC EQUITY FUNDS
(Cost $10,527,829)
14,367,797
International Equity Funds - 13.3%
Shares
Value ($)
Fidelity Series Canada Fund (b)
49,127
770,310
Fidelity Series Emerging Markets Fund (b)
102,483
889,552
Fidelity Series Emerging Markets Opportunities Fund (b)
194,700
3,566,905
Fidelity Series International Growth Fund (b)
99,838
1,740,181
Fidelity Series International Index Fund (b)
56,663
671,462
Fidelity Series International Small Cap Fund (b)
78,609
1,273,462
Fidelity Series International Value Fund (b)
146,924
1,751,336
Fidelity Series Overseas Fund (b)
130,153
1,749,259
TOTAL INTERNATIONAL EQUITY FUNDS
(Cost $10,525,102)
12,412,467
Short-Term Funds - 6.5%
Shares
Value ($)
Fidelity Series Short-Term Credit Fund (b)
134,554
1,342,851
Fidelity Series Treasury Bill Index Fund (b)
473,647
4,712,787
TOTAL SHORT-TERM FUNDS
(Cost $6,054,160)
6,055,638
U.S. Treasury Obligations - 0.2%
Yield (%) (c)
Principal
Amount (a)
Value ($)
US Treasury Bills 0% 1/23/2025 (d)
4.55
120,000
119,703
US Treasury Bills 0% 1/30/2025 (d)
4.45
90,000
89,704
US Treasury Bills 0% 3/27/2025 (d)
4.28
40,000
39,608
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $248,951)
249,015
Money Market Funds - 1.8%
Yield (%)
Shares
Value ($)
Fidelity Cash Central Fund (e)
4.36
70,839
70,853
Fidelity Series Government Money Market Fund (b)(f)
4.58
1,636,444
1,636,444
TOTAL MONEY MARKET FUNDS
(Cost $1,707,296)
1,707,297
TOTAL INVESTMENT IN SECURITIES - 99.9%
(Cost $93,733,927)
93,470,099
NET OTHER ASSETS (LIABILITIES) - 0.1%
67,093
NET ASSETS - 100.0%
93,537,192
Futures Contracts
Number
of contracts
Expiration
Date
Notional
Amount ($)
Value ($)
Unrealized
Appreciation/
(Depreciation) ($)
Purchased
Equity Contracts
ICE MSCI EAFE Index Contracts (United States)
7
Mar 2025
793,625
(26,282)
(26,282)
ICE MSCI Emerging Markets Index Contracts (United States)
22
Mar 2025
1,181,180
(41,583)
(41,583)
TOTAL EQUITY CONTRACTS
(67,865)
Interest Rate Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)
23
Mar 2025
2,501,250
(21,236)
(21,236)
CBOT 5-Year U.S. Treasury Note Contracts (United States)
4
Mar 2025
425,219
(1,662)
(1,662)
CBOT Long Term U.S. Treasury Bond Contracts (United States)
8
Mar 2025
910,750
(20,487)
(20,487)
TOTAL INTEREST RATE CONTRACTS
(43,385)
TOTAL PURCHASED
(111,250)
Sold
Equity Contracts
CME E-mini S&P 500 Index Contracts (United States)
6
Mar 2025
1,780,725
57,811
57,811
TOTAL FUTURES CONTRACTS
(53,439)
The notional amount of futures purchased as a percentage of Net Assets is 6.3%
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 $249,015.
(e)
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(f)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
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
87,490
1,000,363
1,016,997
4,149
(3)
-
70,853
70,839
0.0%
Total
87,490
1,000,363
1,016,997
4,149
(3)
-
70,853
70,839
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
12,636,702
5,687,672
3,009,390
404,618
4,291
126,333
15,445,608
1,598,924
Fidelity Series 5+ Year Inflation-Protected Bond Index Fund
2,052,204
570,049
681,291
67,314
(43,082)
(19,285)
1,878,595
254,898
Fidelity Series Blue Chip Growth Fund
2,701,524
1,384,924
1,123,550
279,185
17,944
289,846
3,270,688
164,853
Fidelity Series Canada Fund
766,957
281,476
303,336
22,907
8,516
16,697
770,310
49,127
Fidelity Series Commodity Strategy Fund
560,425
313,737
654,508
22,338
(276,969)
244,025
186,710
2,167
Fidelity Series Corporate Bond Fund
6,103,233
1,911,274
1,486,976
218,333
(31,260)
(4,406)
6,491,865
706,405
Fidelity Series Emerging Markets Debt Fund
446,861
148,271
98,982
20,212
(1,580)
3,199
497,769
63,009
Fidelity Series Emerging Markets Debt Local Currency Fund
142,799
39,300
28,824
6,727
(782)
(6,717)
145,776
17,050
Fidelity Series Emerging Markets Fund
1,073,130
309,526
488,018
24,691
(3,109)
(1,977)
889,552
102,483
Fidelity Series Emerging Markets Opportunities Fund
4,307,401
1,245,041
2,113,945
73,114
(1,833)
130,241
3,566,905
194,700
Fidelity Series Floating Rate High Income Fund
81,657
29,340
17,997
6,057
(37)
(362)
92,601
10,289
Fidelity Series Government Bond Index Fund
8,942,171
3,312,259
1,856,554
252,768
(38,313)
(76,901)
10,282,662
1,141,250
Fidelity Series Government Money Market Fund
1,400,474
641,689
405,719
59,477
-
-
1,636,444
1,636,444
Fidelity Series High Income Fund
458,541
150,871
110,619
25,140
(813)
9,467
507,447
58,937
Fidelity Series International Developed Markets Bond Index Fund
3,325,760
2,077,280
745,654
143,223
(6,459)
(30,911)
4,620,016
532,260
Fidelity Series International Growth Fund
1,924,230
714,264
779,713
71,852
6,204
(124,804)
1,740,181
99,838
Fidelity Series International Index Fund
728,501
247,617
267,616
19,656
(3,007)
(34,033)
671,462
56,663
Fidelity Series International Small Cap Fund
1,273,477
460,621
361,788
119,117
(3,175)
(95,673)
1,273,462
78,609
Fidelity Series International Value Fund
1,933,447
654,331
737,350
78,712
21,033
(120,125)
1,751,336
146,924
Fidelity Series Investment Grade Bond Fund
8,999,786
2,954,077
1,978,172
318,793
(32,503)
(59,575)
9,883,613
1,000,366
Fidelity Series Investment Grade Securitized Fund
5,927,542
1,847,408
1,449,126
217,137
(46,784)
(18,644)
6,260,396
713,029
Fidelity Series Large Cap Growth Index Fund
1,684,398
779,679
693,601
11,889
22,261
324,917
2,117,654
83,372
Fidelity Series Large Cap Stock Fund
1,823,737
760,977
764,374
143,140
19,494
77,285
1,917,119
83,535
Fidelity Series Large Cap Value Index Fund
3,260,775
1,833,978
1,164,607
117,052
20,273
59,498
4,009,917
245,856
Fidelity Series Long-Term Treasury Bond Index Fund
3,017,534
819,622
1,189,786
71,650
(293,662)
124,329
2,478,037
466,674
Fidelity Series Overseas Fund
1,928,751
637,238
728,129
38,745
3,973
(92,574)
1,749,259
130,153
Fidelity Series Real Estate Income Fund
83,128
28,010
18,825
4,726
(43)
1,230
93,500
9,521
Fidelity Series Short-Term Credit Fund
1,202,728
414,431
289,988
40,927
(428)
16,108
1,342,851
134,554
Fidelity Series Small Cap Core Fund
22,875
1,169,286
188,542
10,822
4,689
27,776
1,036,084
84,855
Fidelity Series Small Cap Opportunities Fund
802,097
140,239
495,801
43,933
58,262
(73,730)
431,067
29,465
Fidelity Series Treasury Bill Index Fund
4,315,741
1,789,494
1,401,345
169,395
(1,784)
10,681
4,712,787
473,647
Fidelity Series Value Discovery Fund
1,197,575
643,244
418,576
55,243
5,703
(29,388)
1,398,558
90,230
85,126,161
33,997,225
26,052,702
3,158,893
(592,980)
672,527
93,150,231
10,460,087
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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