Quarterly Holdings Report
for
Fidelity Asset Manager® 60%
June 30, 2019
Schedule of Investments June 30, 2019 (Unaudited)
Showing Percentage of Net Assets
Equity Central Funds - 57.5% | |||
Shares | Value | ||
Fidelity Commodity Strategy Central Fund (a) | 3,365,645 | $16,323,376 | |
Fidelity Communication Services Central Fund (a) | 521,389 | 106,451,936 | |
Fidelity Consumer Discretionary Central Fund (a) | 376,435 | 128,801,028 | |
Fidelity Consumer Staples Central Fund (a) | 408,440 | 81,475,622 | |
Fidelity Emerging Markets Equity Central Fund (a) | 584,750 | 127,960,847 | |
Fidelity Energy Central Fund (a) | 536,214 | 57,101,395 | |
Fidelity Financials Central Fund (a) | 2,247,593 | 229,052,169 | |
Fidelity Health Care Central Fund (a) | 421,633 | 184,253,501 | |
Fidelity Industrials Central Fund (a) | 431,558 | 124,832,473 | |
Fidelity Information Technology Central Fund (a) | 722,948 | 283,764,433 | |
Fidelity International Equity Central Fund (a) | 3,995,816 | 312,592,651 | |
Fidelity Materials Central Fund (a) | 157,383 | 31,961,317 | |
Fidelity Real Estate Equity Central Fund (a) | 256,238 | 29,795,340 | |
Fidelity Utilities Central Fund (a) | 217,024 | 41,436,332 | |
TOTAL EQUITY CENTRAL FUNDS | |||
(Cost $1,393,801,596) | 1,755,802,420 | ||
Fixed-Income Central Funds - 31.6% | |||
High Yield Fixed-Income Funds - 2.0% | |||
Fidelity Emerging Markets Debt Central Fund (a) | 1,543,654 | 14,819,078 | |
Fidelity Floating Rate Central Fund (a) | 146,381 | 14,847,465 | |
Fidelity High Income Central Fund (a) | 271,560 | 30,287,109 | |
TOTAL HIGH YIELD FIXED-INCOME FUNDS | 59,953,652 | ||
Investment Grade Fixed-Income Funds - 29.6% | |||
Fidelity Inflation-Protected Bond Index Central Fund (a) | 1,298,979 | 132,820,559 | |
Fidelity International Credit Central Fund (a) | 186,866 | 19,028,576 | |
Fidelity Investment Grade Bond Central Fund (a) | 6,800,452 | 753,082,099 | |
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS | 904,931,234 | ||
TOTAL FIXED-INCOME CENTRAL FUNDS | |||
(Cost $923,385,713) | 964,884,886 | ||
Money Market Central Funds - 1.4% | |||
Fidelity Cash Central Fund 2.42% (b) | |||
(Cost $43,489,599) | 43,480,936 | 43,489,632 | |
Principal Amount | Value | ||
U.S. Treasury Obligations - 0.2% | |||
U.S. Treasury Bills, yield at date of purchase 2.11% to 2.39% 8/1/19 to 9/26/19 (c) | |||
(Cost $5,500,134) | 5,520,000 | 5,501,650 | |
Shares | Value | ||
Investment Companies - 9.3% | |||
iShares 20+ Year Treasury Bond ETF | 414,892 | $55,101,807 | |
iShares Core MSCI Emerging Markets ETF | 2,868,938 | 147,578,171 | |
iShares MSCI Japan ETF | 846,026 | 46,176,099 | |
iShares S&P 500 Index ETF | 120,912 | 35,638,812 | |
TOTAL INVESTMENT COMPANIES | |||
(Cost $279,901,488) | 284,494,889 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% | |||
(Cost $2,646,078,530) | 3,054,173,477 | ||
NET OTHER ASSETS (LIABILITIES) - 0.0% | (979,872) | ||
NET ASSETS - 100% | $3,053,193,605 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Sold | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI EAFE Index Contracts (United States) | 1,156 | Sept. 2019 | $111,166,740 | $(3,129,673) | $(3,129,673) |
The notional amount of futures sold as a percentage of Net Assets is 3.6%
Security Type Abbreviations
ETF – Exchange-Traded Fund
Legend
(a) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. A complete unaudited schedule of portfolio holdings for each Fidelity Central Fund is filed with the SEC for the first and third quarters of each fiscal year on Form N-PORT and is available upon request or at the SEC's website at www.sec.gov. An unaudited holdings listing for the Fund, which presents direct holdings as well as the pro-rata share of securities and other investments held indirectly through its investment in underlying non-money market Fidelity Central Funds, other than the Commodity Strategy Central Fund, is available at fidelity.com and/or institutional.fidelity.com, as applicable. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
(b) 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.
(c) 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 $5,501,650.
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $1,702,675 |
Fidelity Commodity Strategy Central Fund | 134,687 |
Fidelity Communication Services Central Fund | 516,166 |
Fidelity Consumer Discretionary Central Fund | 4,670,544 |
Fidelity Consumer Staples Central Fund | 7,401,799 |
Fidelity Emerging Markets Debt Central Fund | 645,994 |
Fidelity Emerging Markets Equity Central Fund | 7,078,519 |
Fidelity Energy Central Fund | 925,875 |
Fidelity Financials Central Fund | 13,580,762 |
Fidelity Floating Rate Central Fund | 1,247,748 |
Fidelity Health Care Central Fund | 10,370,280 |
Fidelity High Income Central Fund | 431,910 |
Fidelity High Income Central Fund 1 | 1,889,006 |
Fidelity Industrials Central Fund | 6,529,900 |
Fidelity Inflation-Protected Bond Index Central Fund | 2,985,017 |
Fidelity Information Technology Central Fund | 47,358,139 |
Fidelity International Credit Central Fund | 790,121 |
Fidelity International Equity Central Fund | 20,580,343 |
Fidelity Investment Grade Bond Central Fund | 19,294,606 |
Fidelity Materials Central Fund | 2,834,918 |
Fidelity Real Estate Equity Central Fund | 512,475 |
Fidelity Securities Lending Cash Central Fund | 14,284 |
Fidelity Utilities Central Fund | 3,761,445 |
Total | $155,257,213 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of payments to and from borrowers of securities.
Fiscal year to date information regarding the Funds investments in non-Money Market Central Funds, including the ownership percentage, is presented below. Certain Underlying Funds incurred name changes since their most recent shareholder report. The names of the Underlying Funds are those in effect at period end.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Commodity Strategy Central Fund | $6,208,063 | $12,499,394 | $805,411 | $(35,726) | $(1,542,944) | $16,323,376 | 6.8% |
Fidelity Communication Services Central Fund | 25,236,956 | 76,433,467 | 5,665,479 | 126,397 | 10,320,595 | 106,451,936 | 6.1% |
Fidelity Consumer Discretionary Central Fund | 146,591,048 | 11,444,957 | 25,537,770 | 361,500 | (4,058,707) | 128,801,028 | 6.5% |
Fidelity Consumer Staples Central Fund | 77,436,400 | 10,836,653 | 5,997,918 | (364,384) | (435,129) | 81,475,622 | 6.2% |
Fidelity Emerging Markets Debt Central Fund | 14,038,818 | 1,254,508 | 776,269 | (3,284) | 305,305 | 14,819,078 | 0.5% |
Fidelity Emerging Markets Equity Central Fund | 86,313,715 | 50,193,890 | 10,643,598 | (799,236) | 2,896,076 | 127,960,847 | 11.9% |
Fidelity Energy Central Fund | 74,167,253 | 3,800,346 | 4,601,687 | (469,651) | (15,794,866) | 57,101,395 | 6.3% |
Fidelity Financials Central Fund | 232,217,880 | 23,636,259 | 21,168,023 | (957,774) | (4,676,173) | 229,052,169 | 6.6% |
Fidelity Floating Rate Central Fund | 28,561,552 | 2,432,433 | 15,654,547 | 24,925 | (516,898) | 14,847,465 | 0.8% |
Fidelity Health Care Central Fund | 200,381,288 | 18,452,314 | 17,031,839 | 340,251 | (17,888,513) | 184,253,501 | 6.3% |
Fidelity High Income Central Fund | -- | 605,166 | 23,048,861 | (464,321) | 103,697 | 30,287,109 | 1.2% |
Fidelity High Income Central Fund 1 | 45,397,134 | 9,312,921 | 1,938,986 | (7,391) | 327,750 | -- | 0.0% |
Fidelity Industrials Central Fund | 131,422,312 | 12,004,944 | 11,304,943 | (601,519) | (6,688,321) | 124,832,473 | 6.6% |
Fidelity Inflation-Protected Bond Index Central Fund | 105,329,508 | 70,038,215 | 44,806,115 | 156,864 | 2,102,087 | 132,820,559 | 9.6% |
Fidelity Information Technology Central Fund | 346,993,488 | 69,624,086 | 71,944,411 | (5,489,296) | (55,419,434) | 283,764,433 | 6.3% |
Fidelity International Credit Central Fund | 17,721,958 | 1,520,672 | 932,026 | 1,742 | 716,230 | 19,028,576 | 10.3% |
Fidelity International Equity Central Fund | 317,382,540 | 36,197,465 | 19,589,058 | (1,027,961) | (20,370,335) | 312,592,651 | 12.1% |
Fidelity Investment Grade Bond Central Fund | 770,665,936 | 77,281,237 | 131,745,764 | (2,297,439) | 39,178,129 | 753,082,099 | 4.9% |
Fidelity Materials Central Fund | 34,661,738 | 4,424,754 | 2,479,451 | (254,805) | (4,390,919) | 31,961,317 | 6.6% |
Fidelity Real Estate Equity Central Fund | 13,057,670 | 16,625,521 | 675,225 | 4,684 | 782,690 | 29,795,340 | 10.1% |
Fidelity Utilities Central Fund | 39,143,517 | 5,509,754 | 3,651,891 | 27,733 | 407,219 | 41,436,332 | 6.5% |
Total | $2,712,928,774 | $514,128,956 | $419,999,272 | $(11,728,691) | $(74,642,461) | $2,720,687,306 |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Funds valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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 the Fund's investments by major category are as follows:
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as 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 vendors. 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.
Exchange-Traded Funds (ETFs) are valued at their last sale price or official closing price as reported by a third party pricing vendor 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 but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
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.