0001752724-21-181151.txt : 20210824 0001752724-21-181151.hdr.sgml : 20210824 20210824101828 ACCESSION NUMBER: 0001752724-21-181151 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210824 PERIOD START: 20210930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CHARLES STREET TRUST CENTRAL INDEX KEY: 0000354046 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03221 FILM NUMBER: 211199476 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY U S GOVERNMENT RESERVES FUND DATE OF NAME CHANGE: 19880201 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FEDERAL RESERVES DATE OF NAME CHANGE: 19820215 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY UNITED STATES TREASURY TRUST DATE OF NAME CHANGE: 19811020 0000354046 S000005456 Fidelity Asset Manager 50% C000014857 Fidelity Asset Manager 50% FASMX C000037741 Fidelity Advisor Asset Manager 50%: Class A FFAMX C000037743 Fidelity Advisor Asset Manager 50%: Class C FFCMX C000037744 Fidelity Advisor Asset Manager 50%: Class M FFTMX C000037745 Fidelity Advisor Asset Manager 50%: Class I FFIMX C000205011 Fidelity Advisor Asset Manager 50%: Class Z FIKZX NPORT-P 1 primary_doc.xml NPORT-P false 0000354046 XXXXXXXX S000005456 C000205011 C000037745 C000014857 C000037744 C000037743 C000037741 Fidelity Charles Street Trust 811-03221 0000354046 SG47DUH2I0FYWTB12921 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Asset Manager 50% S000005456 UJE1CKQ7QNA0RG8NG360 2021-09-30 2021-06-30 N 11639843874.93 114818788.72 11525025086.21 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Real Estate Equity Central Fund 31606V674 1155123.41400000 NS USD 160885589.10000000 1.395967365767 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity U.S. Equity Central Fund 31606V666 36148237.06940000 NS USD 4797594023.85000000 41.62762326296 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity Inflation-Protected Bond Index Central Fund 31607D103 3314165.91900000 NS USD 369794633.24000000 3.208623239202 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 09/16/2021 912796F46 1560000.00000000 PA USD 1559849.85000000 0.013534459476 Long DBT UST US N 2 2021-09-16 Fixed 0.00000000 N N N N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity International Credit Central Fund 31607D202 1328366.65240000 NS USD 136250567.54000000 1.182214932469 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity International Equity Central Fund 31606V716 9413808.93800000 NS USD 995886847.55000000 8.641081820651 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Floating Rate Central Fund 31606V708 1992859.26080000 NS USD 200381998.67000000 1.738668655131 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity High Income Central Fund 31606V690 1255045.13280000 NS USD 144229786.66000000 1.251448787149 Long EC RF US N 1 N N N Fidelity Hanover Street Trust 13LNM41WRMGAYS9Y7N22 Fidelity Emerging Markets Debt Local Currency Central Fund 315808709 461668.24200000 NS USD 47741112.91000000 0.414238689745 Long EC RF US N 1 N N N CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 S and P500 EMINI FUT SEP21 ESU1 N/A -2438.00000000 NC USD -5283918.48000000 -0.04584734905 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 Short S and P 500 INDX 783786106 2021-09-17 -517496421.52000000 USD -5283918.48000000 N N N Fidelity Oxford Street Trust II 549300OEP6Z1TBUGHH59 Fidelity Commodity Strategy Central Fund 316167303 33405910.46300000 NS USD 191415866.95000000 1.660871586119 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 07/01/2021 912796B40 1630000.00000000 PA USD 1630000.00000000 0.014143136243 Long DBT UST US N 2 2021-07-01 Fixed 0.00000000 N N N N N N Fidelity Hanover Street Trust 13LNM41WRMGAYS9Y7N22 Fidelity Emerging Markets Debt Central Fund 315808600 7260024.53600000 NS USD 66937426.22000000 0.580800698647 Long EC RF US N 1 N N N VANECK VECTORS HIGH INCOME 54930031TORTKAM9TJ98 VanEck Vectors Gold Miners ETF 92189F106 815446.00000000 NS USD 27708855.08000000 0.240423381925 Long EC RF US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 178186379.21400000 NS USD 178222016.49000000 1.546391571010 Long STIV RF US N 1 N N N UST BILLS N/A UST BILLS 0% 09/09/2021 9127964L0 6090000.00000000 PA USD 6089437.53000000 0.052836653147 Long DBT UST US N 2 2021-09-09 Fixed 0.00000000 N N N N N N ICE FUTURES US N/A MSCI EMGMKT FUT SEP21 MESU1 N/A -609.00000000 NC USD -258849.40000000 -0.00224597688 N/A DE CORP US N 1 ICE FUTURES US N/A Short MSCI EMERGING MARKETS INDEX EI09MXEF 2021-09-17 -41299310.60000000 USD -258849.40000000 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 108355214.48300000 NS USD 108366050.00000000 0.940267367657 Long STIV RF US N 1 N N UST BILLS N/A UST BILLS 0% 09/02/2021 912796D63 1450000.00000000 PA USD 1449866.77000000 0.012580161510 Long DBT UST US N 2 2021-09-02 Fixed 0.00000000 N N N N N N UST BILLS N/A UST BILLS 0% 07/15/2021 9127963S6 6200000.00000000 PA USD 6199891.50000000 0.053795036918 Long DBT UST US N 2 2021-07-15 Fixed 0.00000000 N N N N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Emerging Markets Equity Central Fund 31606V682 2634075.96500000 NS USD 813455339.51000000 7.058165456692 Long EC RF US N 1 N N N ICE FUTURES US N/A MSCI EAFE FUT SEP21 MFSU1 N/A -237.00000000 NC USD 791039.47000000 0.006863668096 N/A DE CORP US N 1 ICE FUTURES US N/A Short MSCI EAFE INDX(UN FOR FUTURES) EI09MXEA 2021-09-17 -28094624.47000000 USD 791039.47000000 N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity Investment Grade Bond Central Fund 31606V500 27227918.14650000 NS USD 3127943236.67000000 27.14044623132 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 08/26/2021 912796D55 15850000.00000000 PA USD 15848902.86000000 0.137517295983 Long DBT UST US N 2 2021-08-26 Fixed 0.00000000 N N N N N N ISHARES CORE TOTAL USD BOND MARKET ETF 549300G3FWQPUM47D181 iShares 20+ Year Treasury Bond ETF 464287432 1613516.00000000 NS USD 232911034.60000000 2.020915641031 Long EC RF US N 1 N N 2021-07-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_314_20210630.htm

Quarterly Holdings Report
for

Fidelity Asset Manager® 50%

June 30, 2021







FAA-QTLY-0821
1.803291.117





Schedule of Investments June 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Equity Central Funds - 60.4%   
 Shares Value 
Fidelity Commodity Strategy Central Fund (a) 33,382,428 $191,281,315 
Fidelity Emerging Markets Equity Central Fund (a) 2,632,835 813,072,016 
Fidelity International Equity Central Fund (a) 9,409,095 995,388,109 
Fidelity Real Estate Equity Central Fund (a) 1,154,587 160,810,838 
Fidelity U.S. Equity Central Fund (a) 36,132,016 4,795,441,195 
TOTAL EQUITY CENTRAL FUNDS   
(Cost $3,287,034,521)  6,955,993,473 
Fixed-Income Central Funds - 35.6%   
High Yield Fixed-Income Funds - 4.0%   
Fidelity Emerging Markets Debt Central Fund (a) 7,278,972 67,112,123 
Fidelity Emerging Markets Debt Local Currency Central Fund (a) 461,668 47,741,113 
Fidelity Floating Rate Central Fund (a) 1,997,843 200,883,142 
Fidelity High Income Central Fund (a) 1,259,797 144,775,818 
TOTAL HIGH YIELD FIXED-INCOME FUNDS  460,512,196 
Investment Grade Fixed-Income Funds - 31.6%   
Fidelity Inflation-Protected Bond Index Central Fund (a) 3,313,008 369,665,422 
Fidelity International Credit Central Fund (a) 1,327,638 136,175,816 
Fidelity Investment Grade Bond Central Fund (a) 27,262,320 3,131,895,268 
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS  3,637,736,506 
TOTAL FIXED-INCOME CENTRAL FUNDS   
(Cost $3,684,082,290)  4,098,248,702 
Money Market Central Funds - 2.5%   
Fidelity Cash Central Fund 0.06% (b) 178,186,379 178,222,016 
Fidelity Securities Lending Cash Central Fund 0.06% (b)(c) 108,540,121 108,550,975 
TOTAL MONEY MARKET CENTRAL FUNDS   
(Cost $286,772,992)  286,772,991 
 Principal Amount Value 
U.S. Treasury Obligations - 0.3%   
U.S. Treasury Bills, yield at date of purchase 0.01% to 0.04% 7/1/21 to 9/16/21 (d)   
(Cost $32,779,359) 32,780,000 32,777,949 
 Shares Value 
Investment Companies - 2.2%   
iShares 20+ Year Treasury Bond ETF (e) 1,613,516 $232,911,034 
VanEck Vectors Gold Miners ETF 815,446 27,708,855 
TOTAL INVESTMENT COMPANIES   
(Cost $277,812,088)  260,619,889 
TOTAL INVESTMENT IN SECURITIES - 101.0%   
(Cost $7,568,481,250)  11,634,413,004 
NET OTHER ASSETS (LIABILITIES) - (1.0)%(f)  (110,632,773) 
NET ASSETS - 100%  $11,523,780,231 

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) 2,438 Sept. 2021 $522,780,340 $(5,283,918) $(5,283,918) 
ICE E-mini MSCI EAFE Index Contracts (United States) 237 Sept. 2021 27,303,585 791,039 791,039 
ICE E-mini MSCI Emerging Markets Index Contracts (United States) 609 Sept. 2021 41,558,160 (258,849) (258,849) 
TOTAL FUTURES CONTRACTS     $(4,751,728) 

The notional amount of futures sold as a percentage of Net Assets is 5.1%

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) Investment made with cash collateral received from securities on loan.

 (d) 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 $31,147,949.

 (e) Security or a portion of the security is on loan at period end.

 (f) Includes $1,630,000 of cash collateral to cover margin requirements for futures contracts.

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 $35,772 
Fidelity Emerging Markets Debt Central Fund 2,491,482 
Fidelity Emerging Markets Debt Local Currency Central Fund 1,255,283 
Fidelity Emerging Markets Equity Central Fund 7,876,692 
Fidelity Floating Rate Central Fund 2,653,107 
Fidelity High Income Central Fund 6,529,538 
Fidelity Inflation-Protected Bond Index Central Fund 6,524,387 
Fidelity International Credit Central Fund 6,893,323 
Fidelity International Equity Central Fund 13,257,261 
Fidelity Investment Grade Bond Central Fund 128,856,407 
Fidelity Real Estate Equity Central Fund 903,073 
Fidelity Securities Lending Cash Central Fund 357,733 
Fidelity U.S. Equity Central Fund 55,247,403 
Total $232,881,461 

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 Fidelity 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 Cash Central Fund 0.06% $63,520,441 $795,368,243 $680,661,933 $(4,638) $(97) $178,222,016 0.3 
Fidelity Commodity Strategy Central Fund -- 170,551,058 2,533,130 (27,759) 23,291,146 191,281,315 22.9 
Fidelity Emerging Markets Debt Central Fund 86,278,875 7,973,040 29,661,017 (2,084,091) 4,605,316 67,112,123 2.5 
Fidelity Emerging Markets Debt Local Currency Central Fund 45,061,491 1,255,283 -- -- 1,424,339 47,741,113 30.0 
Fidelity Emerging Markets Equity Central Fund 606,164,356 38,837,653 16,083,091 194,299 183,958,799 813,072,016 30.5 
Fidelity Floating Rate Central Fund 42,480,052 158,273,185 2,372,746 31,033 2,471,618 200,883,142 8.6 
Fidelity High Income Central Fund 161,792,884 12,950,110 45,110,587 220,893 14,922,518 144,775,818 6.0 
Fidelity Inflation-Protected Bond Index Central Fund 483,236,022 23,196,430 146,498,916 8,431,349 1,300,537 369,665,422 32.6 
Fidelity International Credit Central Fund 141,534,724 13,584,940 15,960,338 594,846 (3,578,356) 136,175,816 29.3 
Fidelity International Equity Central Fund 907,464,541 56,470,478 186,853,173 32,074,361 186,231,902 995,388,109 28.2 
Fidelity Investment Grade Bond Central Fund 3,262,972,826 268,761,012 300,662,429 (4,389,141) (94,787,000) 3,131,895,268 9.9 
Fidelity Real Estate Equity Central Fund 13,371,801 126,774,306 1,877,010 14,338 22,527,403 160,810,838 9.7 
Fidelity Securities Lending Cash Central Fund 0.06% 155,155,500 904,340,232 950,944,757 -- -- 108,550,975 0.3 
Fidelity U.S. Equity Central Fund 3,666,173,116 201,001,973 233,036,247 (40,766,628) 1,202,068,981 4,795,441,195 17.0 
 $9,635,206,629 $2,779,337,943 $2,612,255,374 $(5,711,138) $1,544,437,106 $11,341,015,166  

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 any open-end mutual funds are valued at their closing net asset value each business day and are categorized as Level 1 in the 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):

Commodity Risk - Commodity Risk is the risk that the value of a commodity will fluctuate as a result of changes in market prices.

Credit Risk - Credit risk relates to the ability of the issuer of a financial instrument to make further principal or interest payments on an obligation or commitment that it has to the Fund.

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.

Foreign Exchange Risk - Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates.

Interest Rate Risk - Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.

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.

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