NPORT-EX 2 QTLY_7319_20240430.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series Sustainable U.S. Market Fund
April 30, 2024
SUQ-NPRT1-0624
1.9908962.100
Common Stocks - 97.4%
 
  
Shares
Value ($)
 
COMMUNICATION SERVICES - 7.6%
 
  
  
Diversified Telecommunication Services - 0.5%
  
  
  
AT&T, Inc.
 
1,308
22,092
Cellnex Telecom SA (a)
  
28
926
Cogent Communications Group, Inc.
 
56
3,594
Frontier Communications Parent, Inc. (b)
  
64
1,481
Verizon Communications, Inc.
 
1,397
55,168
 
  
  
83,261
Entertainment - 1.6%
  
  
  
Electronic Arts, Inc.
 
139
17,628
Netflix, Inc. (b)
  
178
98,014
Sphere Entertainment Co. (b)
  
38
1,477
The Walt Disney Co.
 
1,075
119,433
TKO Group Holdings, Inc.
 
27
2,556
Universal Music Group NV
 
527
15,579
Vivid Seats, Inc. Class A (b)
  
213
1,120
Warner Bros Discovery, Inc. (b)
  
1,101
8,103
 
  
  
263,910
Interactive Media & Services - 4.6%
  
  
  
Alphabet, Inc.:
  
  
  
 Class A
 
1,740
283,237
 Class C
 
2,130
350,683
IAC, Inc. (b)
  
251
11,938
Match Group, Inc. (b)
  
306
9,431
Pinterest, Inc. Class A (b)
  
263
8,797
QuinStreet, Inc. (b)
  
116
2,098
Snap, Inc. Class A (b)
  
6,212
93,491
TripAdvisor, Inc. (b)
  
235
6,188
Ziff Davis, Inc. (b)
  
167
8,368
Zoominfo Technologies, Inc. (b)
  
598
9,484
 
  
  
783,715
Media - 0.9%
  
  
  
Comcast Corp. Class A
 
2,854
108,766
Interpublic Group of Companies, Inc.
 
550
16,742
News Corp.:
  
  
  
 Class A
 
354
8,425
 Class B
 
383
9,399
Paramount Global Class B
 
939
10,695
TechTarget, Inc. (b)
  
67
1,843
Thryv Holdings, Inc. (b)
  
103
2,370
 
  
  
158,240
TOTAL COMMUNICATION SERVICES
  
  
1,289,126
CONSUMER DISCRETIONARY - 9.6%
 
  
  
Automobile Components - 0.1%
  
  
  
Aptiv PLC (b)
  
142
10,082
LCI Industries
 
57
5,927
 
  
  
16,009
Automobiles - 0.7%
  
  
  
Harley-Davidson, Inc.
 
127
4,368
Rivian Automotive, Inc. (b)
  
1,436
12,780
Tesla, Inc. (b)
  
528
96,772
Thor Industries, Inc.
 
33
3,281
 
  
  
117,201
Broadline Retail - 3.2%
  
  
  
Alibaba Group Holding Ltd. sponsored ADR
 
178
13,323
Amazon.com, Inc. (b)
  
2,923
511,525
Coupang, Inc. Class A (b)
  
97
2,183
Kohl's Corp.
 
163
3,902
Macy's, Inc.
 
315
5,805
 
  
  
536,738
Distributors - 0.2%
  
  
  
LKQ Corp.
 
462
19,926
Pool Corp.
 
22
7,976
 
  
  
27,902
Diversified Consumer Services - 0.3%
  
  
  
ADT, Inc.
 
260
1,690
Bright Horizons Family Solutions, Inc. (b)
  
24
2,489
European Wax Center, Inc. (b)
  
108
1,270
Grand Canyon Education, Inc. (b)
  
13
1,690
H&R Block, Inc.
 
494
23,332
Laureate Education, Inc. Class A
 
392
5,684
New Oriental Education & Technology Group, Inc. sponsored ADR (b)
  
98
7,556
Service Corp. International
 
9
645
 
  
  
44,356
Hotels, Restaurants & Leisure - 1.4%
  
  
  
Airbnb, Inc. Class A (b)
  
162
25,688
Aramark
 
53
1,670
Booking Holdings, Inc.
 
16
55,232
Chipotle Mexican Grill, Inc. (b)
  
10
31,596
Doordash, Inc. (b)
  
130
16,804
Draftkings Holdings, Inc. (b)
  
56
2,327
Hilton Grand Vacations, Inc. (b)
  
34
1,416
Hilton Worldwide Holdings, Inc.
 
77
15,191
Light & Wonder, Inc. Class A (b)
  
37
3,303
Marriott International, Inc. Class A
 
8
1,889
McDonald's Corp.
 
138
37,680
Planet Fitness, Inc. (b)
  
10
598
Starbucks Corp.
 
367
32,476
Vail Resorts, Inc.
 
60
11,362
Wingstop, Inc.
 
7
2,694
 
  
  
239,926
Household Durables - 0.4%
  
  
  
Cavco Industries, Inc. (b)
  
1
364
D.R. Horton, Inc.
 
121
17,241
Green Brick Partners, Inc. (b)
  
199
10,772
Mohawk Industries, Inc. (b)
  
36
4,152
PulteGroup, Inc.
 
37
4,123
Skyline Champion Corp. (b)
  
136
10,199
Sony Group Corp. sponsored ADR
 
154
12,716
Tempur Sealy International, Inc.
 
34
1,702
TopBuild Corp. (b)
  
22
8,903
Whirlpool Corp.
 
38
3,605
 
  
  
73,777
Leisure Products - 0.1%
  
  
  
Acushnet Holdings Corp.
 
67
4,086
BRP, Inc.
 
30
2,018
Brunswick Corp.
 
13
1,048
Clarus Corp.
 
484
3,064
Hasbro, Inc.
 
258
15,815
YETI Holdings, Inc. (b)
  
24
857
 
  
  
26,888
Specialty Retail - 2.2%
  
  
  
Abercrombie & Fitch Co. Class A (b)
  
161
19,565
Academy Sports & Outdoors, Inc.
 
344
20,055
Advance Auto Parts, Inc.
 
75
5,474
American Eagle Outfitters, Inc.
 
850
20,621
Aritzia, Inc. (b)
  
89
2,304
AutoNation, Inc. (b)
  
9
1,450
Best Buy Co., Inc.
 
234
17,232
Boot Barn Holdings, Inc. (b)
  
29
3,088
Dick's Sporting Goods, Inc.
 
38
7,636
Five Below, Inc. (b)
  
57
8,341
Foot Locker, Inc.
 
63
1,314
GameStop Corp. Class A (b)
  
42
466
Gap, Inc.
 
289
5,930
Lowe's Companies, Inc.
 
447
101,912
Murphy U.S.A., Inc.
 
55
22,760
Ross Stores, Inc.
 
64
8,291
The Home Depot, Inc.
 
210
70,186
TJX Companies, Inc.
 
157
14,772
Tractor Supply Co.
 
37
10,104
Ulta Beauty, Inc. (b)
  
14
5,668
Victoria's Secret & Co. (b)
  
67
1,181
Warby Parker, Inc. (b)
  
321
3,769
Williams-Sonoma, Inc.
 
92
26,384
 
  
  
378,503
Textiles, Apparel & Luxury Goods - 1.0%
  
  
  
Carter's, Inc.
 
3
205
Compagnie Financiere Richemont SA Series A
 
50
6,911
Crocs, Inc. (b)
  
135
16,790
Hermes International SCA
 
3
7,207
Kontoor Brands, Inc.
 
65
4,034
lululemon athletica, Inc. (b)
  
223
80,414
LVMH Moet Hennessy Louis Vuitton SE
 
13
10,679
NIKE, Inc. Class B
 
170
15,684
PVH Corp.
 
156
16,973
Ralph Lauren Corp.
 
25
4,091
Tapestry, Inc.
 
222
8,862
VF Corp.
 
11
137
 
  
  
171,987
TOTAL CONSUMER DISCRETIONARY
  
  
1,633,287
CONSUMER STAPLES - 6.1%
 
  
  
Beverages - 1.4%
  
  
  
Brown-Forman Corp. Class A
 
31
1,521
Celsius Holdings, Inc. (b)
  
244
17,390
Coca-Cola European Partners PLC
 
308
22,182
Constellation Brands, Inc. Class A (sub. vtg.)
 
67
16,982
Molson Coors Beverage Co. Class B
 
330
18,896
Primo Water Corp.
 
92
1,736
The Coca-Cola Co.
 
2,547
157,328
The Vita Coco Co., Inc. (b)
  
167
4,048
 
  
  
240,083
Consumer Staples Distribution & Retail - 1.6%
  
  
  
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)
 
108
5,986
BJ's Wholesale Club Holdings, Inc. (b)
  
233
17,400
Casey's General Stores, Inc.
 
23
7,350
Costco Wholesale Corp.
 
66
47,711
Dollar Tree, Inc. (b)
  
143
16,910
Kroger Co.
 
496
27,468
Performance Food Group Co. (b)
  
128
8,689
Sprouts Farmers Market LLC (b)
  
169
11,159
Sysco Corp.
 
257
19,100
Target Corp.
 
243
39,118
Walmart, Inc.
 
1,125
66,769
 
  
  
267,660
Food Products - 1.6%
  
  
  
Archer Daniels Midland Co.
 
196
11,497
Bunge Global SA
 
154
15,671
Campbell Soup Co.
 
333
15,221
Conagra Brands, Inc.
 
40
1,231
Darling Ingredients, Inc. (b)
  
257
10,889
Flowers Foods, Inc.
 
88
2,195
Freshpet, Inc. (b)
  
38
4,031
General Mills, Inc.
 
877
61,793
Hormel Foods Corp.
 
498
17,709
Kellanova
 
829
47,966
McCormick & Co., Inc. (non-vtg.)
 
190
14,451
Mondelez International, Inc.
 
169
12,158
Nomad Foods Ltd.
 
191
3,449
The J.M. Smucker Co.
 
11
1,263
The Kraft Heinz Co.
 
1,043
40,270
The Simply Good Foods Co. (b)
  
129
4,702
TreeHouse Foods, Inc. (b)
  
14
526
WK Kellogg Co.
 
107
2,497
 
  
  
267,519
Household Products - 1.1%
  
  
  
Church & Dwight Co., Inc.
 
207
22,333
Kimberly-Clark Corp.
 
230
31,402
Procter & Gamble Co.
 
693
113,098
Spectrum Brands Holdings, Inc.
 
45
3,684
The Clorox Co.
 
153
22,624
 
  
  
193,141
Personal Care Products - 0.4%
  
  
  
BellRing Brands, Inc. (b)
  
53
2,924
Coty, Inc. Class A (b)
  
154
1,762
Estee Lauder Companies, Inc. Class A
 
60
8,803
Haleon PLC
 
1,302
5,499
Haleon PLC ADR
 
1,294
11,038
Kenvue, Inc.
 
2,267
42,665
 
  
  
72,691
TOTAL CONSUMER STAPLES
  
  
1,041,094
ENERGY - 5.7%
 
  
  
Energy Equipment & Services - 1.1%
  
  
  
Baker Hughes Co. Class A
 
1,286
41,949
Cactus, Inc.
 
319
15,835
Championx Corp.
 
552
18,531
Liberty Oilfield Services, Inc. Class A
 
675
14,850
NOV, Inc.
 
406
7,507
Oceaneering International, Inc. (b)
  
215
4,926
Schlumberger Ltd.
 
967
45,913
Secure Energy Services, Inc.
 
302
2,558
TechnipFMC PLC
 
911
23,340
Valaris Ltd. (b)
  
122
7,937
 
  
  
183,346
Oil, Gas & Consumable Fuels - 4.6%
  
  
  
Antero Midstream GP LP
 
678
9,384
Antero Resources Corp. (b)
  
590
20,066
Cameco Corp.
 
153
6,981
Cameco Corp.
 
262
11,954
Cheniere Energy, Inc.
 
234
36,930
Chesapeake Energy Corp.
 
47
4,224
Chord Energy Corp.
 
52
9,203
Civitas Resources, Inc.
 
78
5,613
ConocoPhillips Co.
 
91
11,431
Coterra Energy, Inc.
 
140
3,830
Devon Energy Corp.
 
70
3,583
Diamondback Energy, Inc.
 
143
28,762
DT Midstream, Inc.
 
206
12,813
EOG Resources, Inc.
 
195
25,765
EQT Corp.
 
42
1,684
Equinor ASA sponsored ADR
 
1,277
33,955
Galp Energia SGPS SA Class B
 
988
21,299
Hess Corp.
 
76
11,969
HF Sinclair Corp.
 
50
2,713
Imperial Oil Ltd.
 
782
53,766
Kosmos Energy Ltd. (b)
  
3,266
18,518
Marathon Oil Corp.
 
385
10,337
MEG Energy Corp. (b)
  
327
7,437
National Energy Services Reunited Corp. (b)
  
249
2,465
New Fortress Energy, Inc.
 
128
3,354
Occidental Petroleum Corp.
 
752
49,737
ONEOK, Inc.
 
654
51,744
Ovintiv, Inc.
 
344
17,654
Parex Resources, Inc.
 
539
9,397
Parkland Corp.
 
78
2,403
Phillips 66 Co.
 
314
44,968
Range Resources Corp.
 
73
2,621
Reliance Industries Ltd. GDR (a)
  
254
17,958
Shell PLC ADR
 
1,732
124,115
Southwestern Energy Co. (b)
  
247
1,850
Targa Resources Corp.
 
409
46,651
The Williams Companies, Inc.
 
640
24,550
Valero Energy Corp.
 
163
26,059
 
  
  
777,743
TOTAL ENERGY
  
  
961,089
FINANCIALS - 13.0%
 
  
  
Banks - 5.2%
  
  
  
Bank of America Corp.
 
5,411
200,261
Bank OZK
 
31
1,384
Cadence Bank
 
67
1,854
Citigroup, Inc.
 
1,056
64,764
Comerica, Inc.
 
131
6,572
East West Bancorp, Inc.
 
119
8,864
Eastern Bankshares, Inc.
 
208
2,612
Fifth Third Bancorp
 
271
9,881
First Bancorp, Puerto Rico
 
329
5,675
First Hawaiian, Inc.
 
227
4,787
First Horizon National Corp.
 
183
2,730
First Interstate Bancsystem, Inc.
 
225
6,008
Glacier Bancorp, Inc.
 
133
4,812
Huntington Bancshares, Inc.
 
2,096
28,233
Independent Bank Corp.
 
117
2,903
JPMorgan Chase & Co.
 
1,275
244,469
KeyCorp
 
540
7,825
M&T Bank Corp.
 
163
23,536
Metropolitan Bank Holding Corp. (b)
  
55
2,184
Nu Holdings Ltd. (b)
  
794
8,623
Pathward Financial, Inc.
 
88
4,433
Pinnacle Financial Partners, Inc.
 
95
7,287
PNC Financial Services Group, Inc.
 
651
99,772
Regions Financial Corp.
 
1,261
24,299
Synovus Financial Corp.
 
427
15,282
Trico Bancshares
 
109
3,790
Truist Financial Corp.
 
544
20,427
U.S. Bancorp
 
1,295
52,616
United Community Bank, Inc.
 
33
833
Univest Corp. of Pennsylvania
 
62
1,294
Webster Financial Corp.
 
106
4,646
Western Alliance Bancorp.
 
144
8,184
Zions Bancorporation NA
 
105
4,282
 
  
  
885,122
Capital Markets - 2.6%
  
  
  
Affiliated Managers Group, Inc.
 
9
1,405
Bank of New York Mellon Corp.
 
745
42,085
BlackRock, Inc. Class A
 
58
43,769
Cboe Global Markets, Inc.
 
65
11,775
Coinbase Global, Inc. (b)
  
55
11,216
FactSet Research Systems, Inc.
 
22
9,172
Goldman Sachs Group, Inc.
 
88
37,550
Houlihan Lokey
 
54
6,884
Intercontinental Exchange, Inc.
 
50
6,438
Janus Henderson Group PLC
 
170
5,307
KKR & Co. LP
 
345
32,109
Lazard, Inc. Class A
 
112
4,312
Moody's Corp.
 
75
27,775
Morgan Stanley
 
653
59,319
NASDAQ, Inc.
 
213
12,748
Northern Trust Corp.
 
506
41,689
Robinhood Markets, Inc. (b)
  
123
2,028
S&P Global, Inc.
 
181
75,265
State Street Corp.
 
70
5,074
TMX Group Ltd.
 
273
7,228
XP, Inc. Class A
 
112
2,293
 
  
  
445,441
Consumer Finance - 0.8%
  
  
  
American Express Co.
 
282
65,996
Capital One Financial Corp.
 
91
13,052
Discover Financial Services
 
165
20,910
FirstCash Holdings, Inc.
 
70
7,909
OneMain Holdings, Inc.
 
38
1,980
SLM Corp.
 
283
5,997
Synchrony Financial
 
373
16,405
 
  
  
132,249
Financial Services - 1.8%
  
  
  
Affirm Holdings, Inc. (b)
  
50
1,594
Apollo Global Management, Inc.
 
53
5,744
Corebridge Financial, Inc.
 
83
2,204
Edenred SA
 
47
2,230
Essent Group Ltd.
 
140
7,416
Fidelity National Information Services, Inc.
 
493
33,485
MasterCard, Inc. Class A
 
239
107,837
MGIC Investment Corp.
 
102
2,069
PayPal Holdings, Inc. (b)
  
127
8,626
The Western Union Co.
 
107
1,438
Visa, Inc. Class A
 
447
120,069
Walker & Dunlop, Inc.
 
23
2,107
WEX, Inc. (b)
  
7
1,479
 
  
  
296,298
Insurance - 2.6%
  
  
  
AFLAC, Inc.
 
31
2,593
American International Group, Inc.
 
52
3,916
Assurant, Inc.
 
84
14,650
Assured Guaranty Ltd.
 
64
4,909
Axis Capital Holdings Ltd.
 
47
2,883
CNA Financial Corp.
 
140
6,152
Fidelity National Financial, Inc.
 
40
1,980
First American Financial Corp.
 
106
5,678
Genworth Financial, Inc. Class A (b)
  
595
3,528
Globe Life, Inc.
 
121
9,217
Hartford Financial Services Group, Inc.
 
328
31,780
Kinsale Capital Group, Inc.
 
5
1,816
Loews Corp.
 
64
4,810
Marsh & McLennan Companies, Inc.
 
84
16,752
MetLife, Inc.
 
515
36,606
Primerica, Inc.
 
50
10,593
Principal Financial Group, Inc.
 
104
8,231
Progressive Corp.
 
270
56,228
Prudential Financial, Inc.
 
740
81,755
Reinsurance Group of America, Inc.
 
23
4,301
RenaissanceRe Holdings Ltd.
 
16
3,508
Selective Insurance Group, Inc.
 
55
5,591
The Travelers Companies, Inc.
 
432
91,653
Unum Group
 
64
3,245
W.R. Berkley Corp.
 
5
385
White Mountains Insurance Group Ltd.
 
2
3,556
Willis Towers Watson PLC
 
115
28,881
 
  
  
445,197
TOTAL FINANCIALS
  
  
2,204,307
HEALTH CARE - 12.1%
 
  
  
Biotechnology - 1.7%
  
  
  
AbbVie, Inc.
 
120
19,517
Alnylam Pharmaceuticals, Inc. (b)
  
13
1,871
Amgen, Inc.
 
148
40,543
Arcellx, Inc. (b)
  
88
4,402
Arrowhead Pharmaceuticals, Inc. (b)
  
119
2,692
Astria Therapeutics, Inc. (b)
  
223
2,047
Biogen, Inc. (b)
  
45
9,667
Blueprint Medicines Corp. (b)
  
38
3,471
Celldex Therapeutics, Inc. (b)
  
33
1,235
Cogent Biosciences, Inc. (b)
  
321
2,087
Crinetics Pharmaceuticals, Inc. (b)
  
142
6,222
Cytokinetics, Inc. (b)
  
121
7,420
Gilead Sciences, Inc.
 
891
58,093
Insmed, Inc. (b)
  
265
6,551
Keros Therapeutics, Inc. (b)
  
114
6,428
Kymera Therapeutics, Inc. (b)
  
41
1,378
Madrigal Pharmaceuticals, Inc. (b)
  
19
3,876
Mirati Therapeutics, Inc. rights (b)(c)
  
26
0
Moonlake Immunotherapeutics (b)
  
127
5,196
Morphic Holding, Inc. (b)
  
71
1,936
Nuvalent, Inc. Class A (b)
  
26
1,791
Regeneron Pharmaceuticals, Inc. (b)
  
59
52,549
Repligen Corp. (b)
  
51
8,374
Roivant Sciences Ltd. (b)
  
164
1,788
Tango Therapeutics, Inc. (b)
  
234
1,802
Tyra Biosciences, Inc. (b)
  
230
3,933
Vaxcyte, Inc. (b)
  
139
8,416
Vericel Corp. (b)
  
84
3,853
Vertex Pharmaceuticals, Inc. (b)
  
43
16,891
Viridian Therapeutics, Inc. (b)
  
156
2,069
Xenon Pharmaceuticals, Inc. (b)
  
154
6,260
Zentalis Pharmaceuticals, Inc. (b)
  
119
1,316
 
  
  
293,674
Health Care Equipment & Supplies - 1.8%
  
  
  
Boston Scientific Corp. (b)
  
756
54,334
DexCom, Inc. (b)
  
201
25,605
Edwards Lifesciences Corp. (b)
  
407
34,461
GE Healthcare Technologies, Inc.
 
131
9,987
Glaukos Corp. (b)
  
94
9,024
Hologic, Inc. (b)
  
103
7,804
IDEXX Laboratories, Inc. (b)
  
58
28,580
Inspire Medical Systems, Inc. (b)
  
38
9,183
Insulet Corp. (b)
  
55
9,457
Integer Holdings Corp. (b)
  
80
8,930
Intuitive Surgical, Inc. (b)
  
47
17,419
Penumbra, Inc. (b)
  
6
1,179
Shockwave Medical, Inc. (b)
  
4
1,321
Solventum Corp.
 
182
11,832
STERIS PLC
 
68
13,910
Stryker Corp.
 
43
14,470
Tandem Diabetes Care, Inc. (b)
  
67
2,458
Teleflex, Inc.
 
35
7,306
The Cooper Companies, Inc.
 
215
19,148
TransMedics Group, Inc. (b)
  
49
4,612
Zimmer Biomet Holdings, Inc.
 
97
11,667
 
  
  
302,687
Health Care Providers & Services - 4.0%
  
  
  
Acadia Healthcare Co., Inc. (b)
  
67
4,954
agilon health, Inc. (b)
  
164
902
Cardinal Health, Inc.
 
302
31,118
Cencora, Inc.
 
119
28,447
Centene Corp. (b)
  
706
51,580
Cigna Group
 
371
132,462
CVS Health Corp.
 
593
40,152
Elevance Health, Inc.
 
116
61,315
Guardant Health, Inc. (b)
  
98
1,764
HCA Holdings, Inc.
 
42
13,012
Humana, Inc.
 
6
1,813
Laboratory Corp. of America Holdings
 
33
6,645
McKesson Corp.
 
125
67,151
Molina Healthcare, Inc. (b)
  
31
10,605
Privia Health Group, Inc. (b)
  
66
1,214
Progyny, Inc. (b)
  
61
1,956
Quest Diagnostics, Inc.
 
74
10,225
R1 RCM, Inc. (b)
  
118
1,450
Surgery Partners, Inc. (b)
  
140
3,493
Tenet Healthcare Corp. (b)
  
44
4,941
UnitedHealth Group, Inc.
 
427
206,540
 
  
  
681,739
Health Care Technology - 0.1%
  
  
  
Veeva Systems, Inc. Class A (b)
  
39
7,744
Life Sciences Tools & Services - 1.0%
  
  
  
Agilent Technologies, Inc.
 
112
15,348
Avantor, Inc. (b)
  
383
9,280
Azenta, Inc. (b)
  
21
1,102
Bruker Corp.
 
20
1,560
Danaher Corp.
 
370
91,249
Fortrea Holdings, Inc.
 
38
1,390
ICON PLC (b)
  
13
3,872
IQVIA Holdings, Inc. (b)
  
84
19,469
Medpace Holdings, Inc. (b)
  
4
1,553
Mettler-Toledo International, Inc. (b)
  
3
3,689
Thermo Fisher Scientific, Inc.
 
21
11,943
Waters Corp. (b)
  
34
10,507
West Pharmaceutical Services, Inc.
 
17
6,077
 
  
  
177,039
Pharmaceuticals - 3.5%
  
  
  
Arvinas Holding Co. LLC (b)
  
57
1,811
AstraZeneca PLC sponsored ADR
 
345
26,179
Bristol-Myers Squibb Co.
 
1,614
70,919
Edgewise Therapeutics, Inc. (b)
  
210
3,767
Elanco Animal Health, Inc. (b)
  
203
2,671
Eli Lilly & Co.
 
286
223,395
Enliven Therapeutics, Inc. (b)
  
77
1,339
GSK PLC sponsored ADR
 
306
12,681
Intra-Cellular Therapies, Inc. (b)
  
59
4,237
Longboard Pharmaceuticals, Inc. (b)
  
163
3,472
Merck & Co., Inc.
 
615
79,470
Novo Nordisk A/S:
  
  
  
 Series B
 
36
4,617
 Series B sponsored ADR
 
143
18,348
Perrigo Co. PLC
 
80
2,613
Pfizer, Inc.
 
1,281
32,819
Roche Holding AG (participation certificate)
 
30
7,188
Sanofi SA sponsored ADR
 
398
19,594
UCB SA
 
148
19,672
Zoetis, Inc. Class A
 
360
57,326
 
  
  
592,118
TOTAL HEALTH CARE
  
  
2,055,001
INDUSTRIALS - 10.8%
 
  
  
Aerospace & Defense - 2.6%
  
  
  
AerSale Corp. (b)
  
88
627
Airbus Group NV
 
229
37,684
Axon Enterprise, Inc. (b)
  
82
25,720
BWX Technologies, Inc.
 
148
14,174
Curtiss-Wright Corp.
 
62
15,712
General Electric Co.
 
1,456
235,610
HEICO Corp.
 
33
6,844
HEICO Corp. Class A
 
47
7,795
Hexcel Corp.
 
84
5,394
Howmet Aerospace, Inc.
 
147
9,812
Kratos Defense & Security Solutions, Inc. (b)
  
241
4,295
Lockheed Martin Corp.
 
25
11,623
Mercury Systems, Inc. (b)
  
88
2,482
Northrop Grumman Corp.
 
66
32,012
Spirit AeroSystems Holdings, Inc. Class A (b)
  
387
12,384
Textron, Inc.
 
99
8,374
V2X, Inc. (b)
  
57
2,769
Woodward, Inc.
 
51
8,280
 
  
  
441,591
Air Freight & Logistics - 0.8%
  
  
  
C.H. Robinson Worldwide, Inc.
 
289
20,519
DHL Group
 
101
4,229
Expeditors International of Washington, Inc.
 
263
29,275
FedEx Corp.
 
157
41,099
GXO Logistics, Inc. (b)
  
7
348
United Parcel Service, Inc. Class B
 
318
46,899
 
  
  
142,369
Building Products - 1.0%
  
  
  
Advanced Drain Systems, Inc.
 
23
3,611
Builders FirstSource, Inc. (b)
  
8
1,463
Carrier Global Corp.
 
369
22,690
Fortune Brands Innovations, Inc.
 
164
11,988
Johnson Controls International PLC
 
332
21,603
Lennox International, Inc.
 
37
17,147
Owens Corning
 
75
12,616
Simpson Manufacturing Co. Ltd.
 
47
8,173
The AZEK Co., Inc. (b)
  
97
4,427
Trane Technologies PLC
 
198
62,833
Trex Co., Inc. (b)
  
18
1,594
 
  
  
168,145
Commercial Services & Supplies - 0.2%
  
  
  
ACV Auctions, Inc. Class A (b)
  
273
4,764
Veralto Corp.
 
238
22,296
Vestis Corp.
 
74
1,363
 
  
  
28,423
Construction & Engineering - 0.6%
  
  
  
Comfort Systems U.S.A., Inc.
 
56
17,327
Dycom Industries, Inc. (b)
  
39
5,461
EMCOR Group, Inc.
 
63
22,502
Granite Construction, Inc.
 
151
8,381
IES Holdings, Inc. (b)
  
155
20,944
Larsen & Toubro Ltd. GDR
 
180
7,794
MasTec, Inc. (b)
  
10
887
Quanta Services, Inc.
 
48
12,411
Sterling Construction Co., Inc. (b)
  
70
7,112
Willscot Mobile Mini Holdings (b)
  
50
1,848
 
  
  
104,667
Electrical Equipment - 1.1%
  
  
  
Acuity Brands, Inc.
 
52
12,912
Atkore, Inc.
 
71
12,446
Eaton Corp. PLC
 
129
41,056
GE Vernova LLC
 
370
56,873
Hubbell, Inc. Class B
 
15
5,558
Nextracker, Inc. Class A (b)
  
141
6,033
nVent Electric PLC
 
63
4,540
Regal Rexnord Corp.
 
138
22,269
Sunrun, Inc. (b)
  
62
638
Thermon Group Holdings, Inc. (b)
  
192
6,131
Vertiv Holdings Co.
 
277
25,761
 
  
  
194,217
Ground Transportation - 1.0%
  
  
  
ArcBest Corp.
 
77
8,540
Avis Budget Group, Inc.
 
9
859
Canadian Pacific Kansas City Ltd.
 
26
2,039
J.B. Hunt Transport Services, Inc.
 
49
7,966
Landstar System, Inc.
 
10
1,744
Ryder System, Inc.
 
67
8,164
Saia, Inc. (b)
  
13
5,159
U-Haul Holding Co. (b)
  
23
1,454
U-Haul Holding Co. (non-vtg.)
 
18
1,104
Uber Technologies, Inc. (b)
  
1,376
91,188
Union Pacific Corp.
 
153
36,285
 
  
  
164,502
Industrial Conglomerates - 0.5%
  
  
  
Honeywell International, Inc.
 
279
53,772
Siemens AG
 
152
28,475
 
  
  
82,247
Machinery - 1.7%
  
  
  
Astec Industries, Inc.
 
45
1,881
Caterpillar, Inc.
 
79
26,431
Chart Industries, Inc. (b)
  
30
4,322
CNH Industrial NV
 
1,096
12,494
Crane Co.
 
32
4,480
Cummins, Inc.
 
152
42,938
Deere & Co.
 
111
43,447
Dover Corp.
 
31
5,558
Federal Signal Corp.
 
146
11,870
Fortive Corp.
 
39
2,936
IDEX Corp.
 
15
3,307
Ingersoll Rand, Inc.
 
149
13,905
ITT, Inc.
 
53
6,855
Kadant, Inc.
 
17
4,654
Oshkosh Corp.
 
46
5,164
Parker Hannifin Corp.
 
8
4,359
Pentair PLC
 
639
50,539
SPX Technologies, Inc. (b)
  
124
15,104
Terex Corp.
 
176
9,865
Xylem, Inc.
 
196
25,617
 
  
  
295,726
Passenger Airlines - 0.0%
  
  
  
Copa Holdings SA Class A
 
12
1,146
Professional Services - 0.7%
  
  
  
ASGN, Inc. (b)
  
44
4,244
Automatic Data Processing, Inc.
 
258
62,408
Broadridge Financial Solutions, Inc.
 
91
17,600
Dayforce, Inc. (b)
  
95
5,830
ExlService Holdings, Inc. (b)
  
121
3,509
First Advantage Corp.
 
142
2,315
FTI Consulting, Inc. (b)
  
12
2,566
KBR, Inc.
 
49
3,182
Maximus, Inc.
 
47
3,773
Paychex, Inc.
 
7
832
Paylocity Holding Corp. (b)
  
38
5,896
WNS Holdings Ltd.
 
26
1,090
 
  
  
113,245
Trading Companies & Distributors - 0.6%
  
  
  
Air Lease Corp. Class A
 
51
2,562
Applied Industrial Technologies, Inc.
 
10
1,833
Core & Main, Inc. (b)
  
58
3,275
Ferguson PLC
 
212
44,499
GMS, Inc. (b)
  
79
7,309
SiteOne Landscape Supply, Inc. (b)
  
13
2,040
United Rentals, Inc.
 
21
14,028
W.W. Grainger, Inc.
 
17
15,663
WESCO International, Inc.
 
18
2,750
 
  
  
93,959
TOTAL INDUSTRIALS
  
  
1,830,237
INFORMATION TECHNOLOGY - 26.3%
 
  
  
Communications Equipment - 0.7%
  
  
  
Arista Networks, Inc. (b)
  
65
16,676
Ciena Corp. (b)
  
160
7,397
Cisco Systems, Inc.
 
1,795
84,329
Juniper Networks, Inc.
 
326
11,351
Motorola Solutions, Inc.
 
13
4,409
 
  
  
124,162
Electronic Equipment, Instruments & Components - 0.5%
  
  
  
Advanced Energy Industries, Inc.
 
93
8,913
Belden, Inc.
 
23
1,869
Crane NXT Co.
 
18
1,095
Fabrinet (b)
  
97
16,788
Insight Enterprises, Inc. (b)
  
100
18,257
Keysight Technologies, Inc. (b)
  
136
20,120
Sanmina Corp. (b)
  
39
2,366
TD SYNNEX Corp.
 
40
4,714
Trimble, Inc. (b)
  
162
9,731
Vontier Corp.
 
58
2,357
 
  
  
86,210
IT Services - 2.0%
  
  
  
Accenture PLC Class A
 
83
24,976
Akamai Technologies, Inc. (b)
  
221
22,306
Amdocs Ltd.
 
236
19,822
Capgemini SA
 
62
13,031
Cloudflare, Inc. (b)
  
94
8,216
Cognizant Technology Solutions Corp. Class A
 
57
3,744
Digitalocean Holdings, Inc. (b)
  
196
6,441
DXC Technology Co. (b)
  
82
1,598
Endava PLC ADR (b)
  
26
754
Gartner, Inc. (b)
  
29
11,965
GoDaddy, Inc. (b)
  
196
23,986
IBM Corp.
 
422
70,136
Kyndryl Holdings, Inc. (b)
  
105
2,064
MongoDB, Inc. Class A (b)
  
68
24,832
Okta, Inc. (b)
  
201
18,689
Perficient, Inc. (b)
  
21
992
Shopify, Inc. Class A (b)
  
272
19,096
Snowflake, Inc. (b)
  
150
23,280
Twilio, Inc. Class A (b)
  
428
25,629
VeriSign, Inc. (b)
  
57
9,660
Wix.com Ltd. (b)
  
115
13,670
 
  
  
344,887
Semiconductors & Semiconductor Equipment - 10.0%
  
  
  
Advanced Micro Devices, Inc. (b)
  
484
76,656
Allegro MicroSystems LLC (b)
  
316
9,382
Analog Devices, Inc.
 
83
16,651
Applied Materials, Inc.
 
375
74,494
ASML Holding NV (depository receipt)
 
7
6,107
Cirrus Logic, Inc. (b)
  
121
10,717
Diodes, Inc. (b)
  
215
15,697
Enphase Energy, Inc. (b)
  
60
6,526
First Solar, Inc. (b)
  
91
16,043
GlobalFoundries, Inc. (b)
  
601
29,377
Intel Corp.
 
1,741
53,048
Lam Research Corp.
 
57
50,981
Lattice Semiconductor Corp. (b)
  
75
5,145
Micron Technology, Inc.
 
416
46,991
MKS Instruments, Inc.
 
54
6,425
Monolithic Power Systems, Inc.
 
22
14,725
Nova Ltd. (b)
  
22
3,738
NVIDIA Corp.
 
998
862,292
NXP Semiconductors NV
 
361
92,485
ON Semiconductor Corp. (b)
  
374
26,240
Onto Innovation, Inc. (b)
  
73
13,541
Qorvo, Inc. (b)
  
100
11,684
Qualcomm, Inc.
 
246
40,799
Silicon Motion Tech Corp. sponsored ADR
 
22
1,624
Skyworks Solutions, Inc.
 
122
13,004
SMART Global Holdings, Inc. (b)
  
261
4,768
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
398
54,661
Teradyne, Inc.
 
25
2,908
Texas Instruments, Inc.
 
673
118,731
Universal Display Corp.
 
50
7,899
Wolfspeed, Inc. (b)
  
88
2,379
 
  
  
1,695,718
Software - 9.0%
  
  
  
Adobe, Inc. (b)
  
151
69,887
ANSYS, Inc. (b)
  
16
5,198
AppLovin Corp. (b)
  
47
3,317
Atlassian Corp. PLC (b)
  
46
7,926
Autodesk, Inc. (b)
  
168
35,759
Bill Holdings, Inc. (b)
  
20
1,247
Cadence Design Systems, Inc. (b)
  
73
20,121
CCC Intelligent Solutions Holdings, Inc. Class A (b)
  
183
2,053
Crowdstrike Holdings, Inc. (b)
  
9
2,633
Dolby Laboratories, Inc. Class A
 
2
155
DoubleVerify Holdings, Inc. (b)
  
58
1,699
Elastic NV (b)
  
81
8,280
Fair Isaac Corp. (b)
  
6
6,800
Five9, Inc. (b)
  
58
3,339
Gen Digital, Inc.
 
1,461
29,425
Guidewire Software, Inc. (b)
  
29
3,202
HubSpot, Inc. (b)
  
35
21,170
Informatica, Inc. (b)
  
63
1,951
Intapp, Inc. (b)
  
92
2,845
Intuit, Inc.
 
114
71,321
Lumine Group, Inc. (b)
  
160
4,383
Microsoft Corp.
 
2,240
872,091
MicroStrategy, Inc. Class A (b)
  
2
2,130
Open Text Corp.
 
70
2,472
Oracle Corp.
 
599
68,136
Palo Alto Networks, Inc. (b)
  
56
16,290
Procore Technologies, Inc. (b)
  
27
1,847
Progress Software Corp.
 
29
1,445
PROS Holdings, Inc. (b)
  
162
5,306
PTC, Inc. (b)
  
110
19,518
Salesforce, Inc.
 
342
91,977
SAP SE sponsored ADR
 
155
28,088
SentinelOne, Inc. (b)
  
89
1,881
ServiceNow, Inc. (b)
  
55
38,133
SPS Commerce, Inc. (b)
  
52
9,041
Synopsys, Inc. (b)
  
48
25,468
Tenable Holdings, Inc. (b)
  
226
10,163
Vertex, Inc. Class A (b)
  
97
2,826
Workday, Inc. Class A (b)
  
98
23,984
Zscaler, Inc. (b)
  
33
5,707
 
  
  
1,529,214
Technology Hardware, Storage & Peripherals - 4.1%
  
  
  
Apple, Inc.
 
3,550
604,672
Dell Technologies, Inc.
 
209
26,050
Hewlett Packard Enterprise Co.
 
1,483
25,211
HP, Inc.
 
334
9,382
Samsung Electronics Co. Ltd.
 
103
5,709
Western Digital Corp. (b)
  
269
19,053
 
  
  
690,077
TOTAL INFORMATION TECHNOLOGY
  
  
4,470,268
MATERIALS - 2.6%
 
  
  
Chemicals - 1.4%
  
  
  
Axalta Coating Systems Ltd. (b)
  
59
1,855
CF Industries Holdings, Inc.
 
112
8,845
Corteva, Inc.
 
149
8,065
Dow, Inc.
 
271
15,420
DuPont de Nemours, Inc.
 
282
20,445
Ecolab, Inc.
 
243
54,954
Element Solutions, Inc.
 
384
8,882
FMC Corp.
 
27
1,593
Ginkgo Bioworks Holdings, Inc. Class A (b)
  
873
778
International Flavors & Fragrances, Inc.
 
159
13,459
Linde PLC
 
99
43,655
LyondellBasell Industries NV Class A
 
177
17,695
NewMarket Corp.
 
5
2,635
Nutrien Ltd.
 
159
8,390
PPG Industries, Inc.
 
150
19,350
Sherwin-Williams Co.
 
25
7,490
 
  
  
233,511
Construction Materials - 0.1%
  
  
  
Martin Marietta Materials, Inc.
 
18
10,567
Containers & Packaging - 0.2%
  
  
  
Aptargroup, Inc.
 
17
2,454
Ball Corp.
 
156
10,853
Crown Holdings, Inc.
 
88
7,222
International Paper Co.
 
156
5,451
 
  
  
25,980
Metals & Mining - 0.9%
  
  
  
ATI, Inc. (b)
  
68
4,060
Carpenter Technology Corp.
 
28
2,400
Commercial Metals Co.
 
225
12,092
Constellium NV (b)
  
315
6,202
First Quantum Minerals Ltd.
 
1,596
20,265
Freeport-McMoRan, Inc.
 
719
35,907
Ivanhoe Mines Ltd. (b)
  
756
10,247
Lundin Mining Corp.
 
748
8,541
Newmont Corp.
 
515
20,930
Nucor Corp.
 
89
14,999
Reliance, Inc.
 
11
3,132
Royal Gold, Inc.
 
18
2,162
Southern Copper Corp.
 
65
7,584
Steel Dynamics, Inc.
 
72
9,369
 
  
  
157,890
Paper & Forest Products - 0.0%
  
  
  
Louisiana-Pacific Corp.
 
74
5,416
Sylvamo Corp.
 
30
1,875
 
  
  
7,291
TOTAL MATERIALS
  
  
435,239
REAL ESTATE - 1.6%
 
  
  
Equity Real Estate Investment Trusts (REITs) - 1.3%
  
  
  
American Tower Corp.
 
191
32,768
Crown Castle, Inc.
 
602
56,456
Digital Realty Trust, Inc.
 
192
26,646
Equinix, Inc.
 
51
36,267
Iron Mountain, Inc.
 
207
16,047
Omega Healthcare Investors, Inc.
 
51
1,551
Park Hotels & Resorts, Inc.
 
134
2,161
Prologis, Inc.
 
104
10,613
SBA Communications Corp. Class A
 
36
6,700
Simon Property Group, Inc.
 
27
3,794
Welltower, Inc.
 
252
24,011
Weyerhaeuser Co.
 
184
5,551
 
  
  
222,565
Real Estate Management & Development - 0.3%
  
  
  
CBRE Group, Inc. (b)
  
315
27,370
Colliers International Group, Inc.
 
57
5,936
Jones Lang LaSalle, Inc. (b)
  
50
9,035
Marcus & Millichap, Inc.
 
62
1,964
 
  
  
44,305
TOTAL REAL ESTATE
  
  
266,870
UTILITIES - 2.0%
 
  
  
Electric Utilities - 1.2%
  
  
  
Avangrid, Inc.
 
98
3,580
Constellation Energy Corp.
 
72
13,388
Edison International
 
531
37,733
Eversource Energy
 
477
28,916
Exelon Corp.
 
612
22,999
NextEra Energy, Inc.
 
898
60,139
PG&E Corp.
 
2,032
34,768
 
  
  
201,523
Gas Utilities - 0.2%
  
  
  
Brookfield Infrastructure Corp. A Shares
 
238
7,252
Southwest Gas Holdings, Inc.
 
178
13,282
UGI Corp.
 
272
6,952
 
  
  
27,486
Independent Power and Renewable Electricity Producers - 0.0%
  
  
  
Clearway Energy, Inc. Class C
 
55
1,286
Multi-Utilities - 0.5%
  
  
  
Consolidated Edison, Inc.
 
124
11,706
Public Service Enterprise Group, Inc.
 
1,101
76,057
Sempra
 
35
2,507
 
  
  
90,270
Water Utilities - 0.1%
  
  
  
American Water Works Co., Inc.
 
28
3,425
Essential Utilities, Inc.
 
243
8,889
 
  
  
12,314
TOTAL UTILITIES
  
  
332,879
 
TOTAL COMMON STOCKS
 (Cost $14,436,127)
  
  
  
16,519,397
 
  
  
  
Nonconvertible Preferred Stocks - 0.1%
 
  
Shares
Value ($)
 
INFORMATION TECHNOLOGY - 0.1%
 
  
  
Technology Hardware, Storage & Peripherals - 0.1%
  
  
  
Samsung Electronics Co. Ltd.
 
  (Cost $25,856)
 
  
572
26,633
 
  
  
  
Money Market Funds - 2.2%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (d)
 
 (Cost $367,635)
 
  
367,562
367,635
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 99.7%
 (Cost $14,829,618)
 
  
 
16,913,665
NET OTHER ASSETS (LIABILITIES) - 0.3% (e)
45,719
NET ASSETS - 100.0%
16,959,384
 
  
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
  
  
  
  
  
 
  
  
  
  
  
Equity Index Contracts
  
  
  
  
  
CME E-mini S&P 500 Index Contracts (United States)
1
Jun 2024
253,350
938
938
 
  
  
  
  
  
The notional amount of futures purchased as a percentage of Net Assets is 1.5%
 
Legend
 
(a)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $18,884 or 0.1% of net assets.
 
(b)
Non-income producing
 
(c)
Level 3 security
 
(d)
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.
 
(e)
Includes $11,800 of cash collateral to cover margin requirements for futures contracts.
 
 
 
 
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 ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.39%
717,580
4,599,526
4,949,462
9,587
(9)
-
367,635
0.0%
Total
717,580
4,599,526
4,949,462
9,587
(9)
-
367,635
  
 
  
  
  
  
  
  
  
  
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:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
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.
 
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.
 
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.