NPORT-EX 2 QTLY_1957_20200630.htm

Quarterly Holdings Report
for

Fidelity Asset Manager® 30%

June 30, 2020







TAN-QTLY-0820
1.849901.112





Schedule of Investments June 30, 2020 (Unaudited)

Showing Percentage of Net Assets

Equity Central Funds - 31.6%   
 Shares Value 
Fidelity Communication Services Central Fund (a) 171,393 $39,185,559 
Fidelity Consumer Discretionary Central Fund (a) 122,487 44,972,447 
Fidelity Consumer Staples Central Fund (a) 129,531 25,860,893 
Fidelity Emerging Markets Equity Central Fund (a) 391,896 85,319,623 
Fidelity Energy Central Fund (a) 166,024 10,924,404 
Fidelity Financials Central Fund (a) 703,948 60,976,006 
Fidelity Health Care Central Fund (a) 127,479 67,414,893 
Fidelity Industrials Central Fund (a) 132,138 33,761,198 
Fidelity Information Technology Central Fund (a) 218,598 118,370,755 
Fidelity International Equity Central Fund (a) 1,116,529 87,792,659 
Fidelity Materials Central Fund (a) 54,536 9,921,100 
Fidelity Real Estate Equity Central Fund (a) 83,000 8,751,537 
Fidelity Utilities Central Fund (a) 69,952 11,715,530 
TOTAL EQUITY CENTRAL FUNDS   
(Cost $477,624,506)  604,966,604 
Fixed-Income Central Funds - 55.3%   
High Yield Fixed-Income Funds - 3.1%   
Fidelity Emerging Markets Debt Central Fund (a) 1,982,739 17,586,892 
Fidelity Floating Rate Central Fund (a) 92,176 8,655,315 
Fidelity High Income Central Fund (a) 325,749 33,073,267 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  59,315,474 
Investment Grade Fixed-Income Funds - 52.2%   
Fidelity Inflation-Protected Bond Index Central Fund (a) 1,088,878 115,889,313 
Fidelity International Credit Central Fund (a) 279,518 28,756,813 
Fidelity Investment Grade Bond Central Fund (a) 7,263,265 854,523,140 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  999,169,266 
TOTAL FIXED-INCOME CENTRAL FUNDS   
(Cost $974,355,407)  1,058,484,740 
Money Market Central Funds - 10.8%   
Fidelity Cash Central Fund 0.12% (b) 5,055,004 5,056,015 
Fidelity Money Market Central Fund 0.47% (b) 201,505,484 201,545,785 
TOTAL MONEY MARKET CENTRAL FUNDS   
(Cost $206,567,610)  206,601,800 
 Principal Amount Value 
U.S. Treasury Obligations - 0.3%   
U.S. Treasury Bills, yield at date of purchase 0.17% 9/10/20 (c)   
(Cost $6,517,872) 6,520,000 6,518,296 
 Shares Value 
Investment Companies - 2.0%   
iShares 20+ Year Treasury Bond ETF 73,872 $12,109,837 
iShares MSCI Japan ETF 472,219 25,934,268 
TOTAL INVESTMENT COMPANIES   
(Cost $33,581,417)  38,044,105 
TOTAL INVESTMENT IN SECURITIES - 100.0%   
(Cost $1,698,646,812)  1,914,615,545 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (460,989) 
NET ASSETS - 100%  $1,914,154,556 

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) 158 Sept. 2020 $24,412,580 $(719,027) $(719,027) 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 693 Sept. 2020 34,154,505 (174,962) (174,962) 
TOTAL FUTURES CONTRACTS     $(893,989) 

The notional amount of futures sold as a percentage of Net Assets is 3.1%

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 $6,518,296.

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 $239,017 
Fidelity Communication Services Central Fund 1,178,110  
Fidelity Consumer Discretionary Central Fund 1,191,094  
Fidelity Consumer Staples Central Fund 480,047  
Fidelity Emerging Markets Debt Central Fund 839,435  
Fidelity Emerging Markets Equity Central Fund 1,799,174  
Fidelity Energy Central Fund 283,211  
Fidelity Financials Central Fund 2,655,195  
Fidelity Floating Rate Central Fund 370,373  
Fidelity Health Care Central Fund 913,468  
Fidelity High Income Central Fund 688,351  
Fidelity Industrials Central Fund 421,811  
Fidelity Inflation-Protected Bond Index Central Fund 1,665,801  
Fidelity Information Technology Central Fund 3,279,911  
Fidelity International Credit Central Fund 862,827  
Fidelity International Equity Central Fund 1,415,863  
Fidelity Investment Grade Bond Central Fund 17,937,459  
Fidelity Materials Central Fund 108,521  
Fidelity Money Market Central Fund 2,332,423 
Fidelity Real Estate Equity Central Fund 431,368  
Fidelity Securities Lending Cash Central Fund 2,812 
Fidelity Utilities Central Fund 646,876  
Total $39,743,147 

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 8,690,693 2,793,444 (372,725) 3,811,356 39,185,559 2.0 
Fidelity Consumer Discretionary Central Fund 35,863,420 9,651,824 3,121,280 (376,351) 2,954,834 44,972,447 2.1 
Fidelity Consumer Staples Central Fund 23,209,376 5,591,848 2,100,004 (191,542) (648,785) 25,860,893 2.0 
Fidelity Emerging Markets Debt Central Fund 17,118,699 3,262,673 1,735,489 (312,528) (746,463) 17,586,892 0.7 
Fidelity Emerging Markets Equity Central Fund 80,958,483 9,525,849 6,451,845 (1,529,545) 2,816,681 85,319,623 4.7 
Fidelity Energy Central Fund 14,611,117 2,588,591 849,880 (414,082) (5,011,342) 10,924,404 2.0 
Fidelity Financials Central Fund 64,908,991 14,234,348 5,080,990 (1,116,877) (11,969,466) 60,976,006 2.1 
Fidelity Floating Rate Central Fund 8,713,247 1,580,539 868,550 (104,031) (665,890) 8,655,315 0.5 
Fidelity Health Care Central Fund 47,748,854 10,271,177 4,625,874 (437,591) 14,458,327 67,414,893 2.1 
Fidelity High Income Central Fund 17,698,975 25,196,537 9,982,749 (336,059) 496,563 33,073,267 1.3 
Fidelity Industrials Central Fund 34,129,524 6,735,879 2,715,462 (539,321) (3,849,422) 33,761,198 2.1 
Fidelity Inflation-Protected Bond Index Central Fund 84,966,620 43,515,733 16,062,427 (91,269) 3,560,656 115,889,313 7.4 
Fidelity Information Technology Central Fund 81,039,910 18,557,066 9,362,001 (922,744) 29,058,524 118,370,755 2.0 
Fidelity International Credit Central Fund 17,922,469 12,914,996 1,771,515 (89,249) (299,163) 28,756,813 6.3 
Fidelity International Equity Central Fund 77,119,279 23,318,228 10,808,184 (2,880,952) 1,044,288 87,792,659 3.3 
Fidelity Investment Grade Bond Central Fund 729,326,223 196,797,518 104,555,946 (2,503,558) 35,458,903 854,523,140 3.0 
Fidelity Materials Central Fund 8,631,520 2,676,214 777,606 (172,188) (436,840) 9,921,100 2.2 
Fidelity Real Estate Equity Central Fund 26,648,248 3,584,325 14,070,660 (5,290,695) (2,119,681) 8,751,537 1.4 
Fidelity Utilities Central Fund 12,503,906 2,852,021 993,953 (157,341) (2,489,103) 11,715,530 2.1 
 1,417,389,860 401,589,295 203,290,964 (18,306,431) 65,990,309 1,663,451,344  

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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