NPORT-EX 1 QTLY_1959_20190630.htm

Quarterly Holdings Report
for

Fidelity Asset Manager® 60%

June 30, 2019







SAN-QTLY-0819
1.849912.111





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 Fund’s 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 Fund’s 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.

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