NPORT-EX 2 QTLY_1957_20191231.htm

Quarterly Holdings Report
for

Fidelity Asset Manager® 30%

December 31, 2019







TAN-QTLY-0220
1.849900.112





Schedule of Investments December 31, 2019 (Unaudited)

Showing Percentage of Net Assets

Equity Central Funds - 32.5%   
 Shares Value 
Fidelity Communication Services Central Fund (a) 159,326 $34,535,558 
Fidelity Consumer Discretionary Central Fund (a) 113,716 39,735,787 
Fidelity Consumer Staples Central Fund (a) 121,137 25,952,309 
Fidelity Emerging Markets Equity Central Fund (a) 404,967 95,321,100 
Fidelity Energy Central Fund (a) 160,766 16,512,304 
Fidelity Financials Central Fund (a) 681,143 73,617,944 
Fidelity Health Care Central Fund (a) 124,401 61,189,252 
Fidelity Industrials Central Fund (a) 127,699 38,177,001 
Fidelity Information Technology Central Fund (a) 216,852 98,884,484 
Fidelity International Equity Central Fund (a) 1,090,221 92,439,861 
Fidelity Materials Central Fund (a) 47,895 9,715,054 
Fidelity Real Estate Equity Central Fund (a) 229,514 27,837,776 
Fidelity Utilities Central Fund (a) 67,298 13,312,150 
TOTAL EQUITY CENTRAL FUNDS   
(Cost $482,419,275)  627,230,580 
Fixed-Income Central Funds - 50.4%   
High Yield Fixed-Income Funds - 1.9%   
Fidelity Emerging Markets Debt Central Fund (a) 1,982,949 18,719,042 
Fidelity Floating Rate Central Fund (a) 92,294 9,369,698 
Fidelity High Income Central Fund (a) 84,594 9,513,393 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  37,602,133 
Investment Grade Fixed-Income Funds - 48.5%   
Fidelity Inflation-Protected Bond Index Central Fund (a) 1,106,372 113,292,507 
Fidelity International Credit Central Fund (a) 188,714 19,111,037 
Fidelity Investment Grade Bond Central Fund (a) 7,152,649 802,598,715 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  935,002,259 
TOTAL FIXED-INCOME CENTRAL FUNDS   
(Cost $929,652,930)  972,604,392 
Money Market Central Funds - 12.7%   
Fidelity Cash Central Fund 1.58% (b) 31,996,281 32,002,681 
Fidelity Money Market Central Fund 1.91% (b) 212,553,464 212,574,720 
TOTAL MONEY MARKET CENTRAL FUNDS   
(Cost $244,563,477)  244,577,401 
 Principal Amount Value 
U.S. Treasury Obligations - 0.2%   
U.S. Treasury Bills, yield at date of purchase 1.51% to 1.63% 1/16/20 to 4/2/20 (c)   
(Cost $3,519,874) 3,530,000 3,520,082 
 Shares Value 
Investment Companies - 3.8%   
iShares 20+ Year Treasury Bond ETF 133,578 $18,097,147 
iShares Core MSCI EAFE ETF 555,842 36,263,131 
iShares MSCI Japan ETF 321,834 19,065,446 
TOTAL INVESTMENT COMPANIES   
(Cost $68,312,146)  73,425,724 
TOTAL INVESTMENT IN SECURITIES - 99.6%   
(Cost $1,728,467,702)  1,921,358,179 
NET OTHER ASSETS (LIABILITIES) - 0.4%  6,866,529 
NET ASSETS - 100%  $1,928,224,708 

Futures Contracts      
 Number of contracts Expiration Date Notional Amount Value Unrealized Appreciation/(Depreciation) 
Sold      
Equity Index Contracts      
CME E-mini S&P 500 Index Contracts (United States) 245 March 2020 $39,580,975 $36,296 $36,296 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 863 March 2020 48,336,630 (583,513) (583,513) 
TOTAL FUTURES CONTRACTS     $(547,217) 

The notional amount of futures sold as a percentage of Net Assets is 4.6%

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, 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 $2,135,440.

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 $97,088 
Fidelity Communication Services Central Fund 1,114,147 
Fidelity Consumer Discretionary Central Fund 1,068,671 
Fidelity Consumer Staples Central Fund 255,611 
Fidelity Emerging Markets Debt Central Fund 367,852 
Fidelity Emerging Markets Equity Central Fund 1,393,039 
Fidelity Energy Central Fund 142,371 
Fidelity Financials Central Fund 1,966,324 
Fidelity Floating Rate Central Fund 139,939 
Fidelity Health Care Central Fund 590,727 
Fidelity High Income Central Fund 155,568 
Fidelity Industrials Central Fund 207,136 
Fidelity Inflation-Protected Bond Index Central Fund 1,455,992 
Fidelity Information Technology Central Fund 2,172,500 
Fidelity International Credit Central Fund 728,580 
Fidelity International Equity Central Fund 674,509 
Fidelity Investment Grade Bond Central Fund 6,518,668 
Fidelity Materials Central Fund 61,766 
Fidelity Money Market Central Fund 1,085,675 
Fidelity Real Estate Equity Central Fund 344,839 
Fidelity Securities Lending Cash Central Fund 1,530 
Fidelity Utilities Central Fund 528,042 
Total $21,070,574 

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 the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types 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.

Affiliate 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 $4,421,320 $43,236 $4,563,105 $(467,783) $566,332 $-- 0.0% 
Fidelity Communication Services Central Fund 29,849,679 3,230,148 156,409 (74) 1,612,214 34,535,558 1.9% 
Fidelity Consumer Discretionary Central Fund 35,863,420 3,465,900 182,929 (471) 589,867 39,735,787 2.0% 
Fidelity Consumer Staples Central Fund 23,209,376 1,809,860 116,723 1,592 1,048,204 25,952,309 1.9% 
Fidelity Emerging Markets Debt Central Fund 17,118,699 1,450,613 80,570 (1,632) 231,932 18,719,042 0.6% 
Fidelity Emerging Markets Equity Central Fund 80,958,483 4,900,994 334,530 7,510 9,788,643 95,321,100 4.7% 
Fidelity Energy Central Fund 14,611,117 1,074,614 71,971 (1,105) 899,649 16,512,304 1.9% 
Fidelity Financials Central Fund 64,908,991 6,272,514 324,476 4,066 2,756,849 73,617,944 2.1% 
Fidelity Floating Rate Central Fund 8,713,247 681,225 40,285 (129) 15,640 9,369,698 0.5% 
Fidelity Health Care Central Fund 47,748,854 3,890,558 243,051 452 9,792,439 61,189,252 2.0% 
Fidelity High Income Central Fund 17,698,975 693,282 8,923,437 (236,481) 281,054 9,513,393 0.4% 
Fidelity Industrials Central Fund 34,129,524 2,491,726 173,302 3,136 1,725,917 38,177,001 2.0% 
Fidelity Inflation-Protected Bond Index Central Fund 84,966,620 29,410,706 410,932 (821) (673,066) 113,292,507 7.3% 
Fidelity Information Technology Central Fund 81,039,910 7,643,270 401,517 1,056 10,601,765 98,884,484 2.0% 
Fidelity International Credit Central Fund 17,922,469 1,814,050 80,569 (237) (623,951) 19,111,037 6.2% 
Fidelity International Equity Central Fund 77,119,279 8,600,528 234,544 8,911 6,945,687 92,439,861 3.4% 
Fidelity Investment Grade Bond Central Fund 729,326,223 79,294,441 3,409,694 (7,385) (2,604,870) 802,598,715 3.0% 
Fidelity Materials Central Fund 8,631,520 727,807 50,958 (632) 407,317 9,715,054 2.0% 
Fidelity Real Estate Equity Central Fund 26,648,248 1,973,044 120,853 (1,650) (661,013) 27,837,776 2.9% 
Fidelity Utilities Central Fund 12,503,906 1,287,116 59,065 (844) (418,963) 13,312,150 2.0% 
 $1,417,389,860 $160,755,632 $19,978,920 $(692,521) $42,281,646 $1,599,834,972  

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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