0001752724-22-044108.txt : 20220224 0001752724-22-044108.hdr.sgml : 20220224 20220224153034 ACCESSION NUMBER: 0001752724-22-044108 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220224 PERIOD START: 20220930 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: 22670425 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 S000005458 Fidelity Asset Manager 70% C000014859 Fidelity Asset Manager 70% FASGX C000069447 Fidelity Advisor Asset Manager 70%: Class A FAASX C000069449 Fidelity Advisor Asset Manager 70%: Class C FCASX C000069450 Fidelity Advisor Asset Manager 70%: Class M FTASX C000069451 Fidelity Advisor Asset Manager 70%: Class I FAAIX C000205013 Fidelity Advisor Asset Manager 70%: Class Z FIQBX NPORT-P 1 primary_doc.xml NPORT-P false 0000354046 XXXXXXXX S000005458 C000069451 C000069447 C000069449 C000205013 C000014859 C000069450 Fidelity Charles Street Trust 811-03221 0000354046 SG47DUH2I0FYWTB12921 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Asset Manager 70% S000005458 ZZ3KKQFNB2NCYF2O2T12 2022-09-30 2021-12-31 N 7372909682.94 4090189.10 7368819493.84 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 20872458.50000000 N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Real Estate Equity Central Fund 31606V674 953973.06000000 NS USD 152549832.02000000 2.070207204118 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity U.S. Equity Central Fund 31606V666 30043849.15640000 NS USD 3944757394.24000000 53.53309844999 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 02/24/2022 912796D30 9410000.00000000 PA USD 9409626.23000000 0.127695165254 Long DBT UST US N 2 2022-02-24 Fixed 0.00000000 N N N N N N UST BILLS N/A UST BILLS 0% 01/20/2022 912796K81 580000.00000000 PA USD 579996.58000000 0.007870956541 Long DBT UST US N 2 2022-01-20 Fixed 0.00000000 N N N N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity Inflation-Protected Bond Index Central Fund 31607D103 1998256.85500000 NS USD 211855191.77000000 2.875022138174 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 01/13/2022 912796K73 1850000.00000000 PA USD 1849992.29000000 0.025105680652 Long DBT UST US N 2 2022-01-13 Fixed 0.00000000 N N N N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity International Credit Central Fund 31607D202 1108439.61480000 NS USD 111597700.42000000 1.514458326917 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity International Equity Central Fund 31606V716 9521499.79900000 NS USD 1002899573.83000000 13.61004397879 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Floating Rate Central Fund 31606V708 2724713.20610000 NS USD 274242384.19000000 3.721659682656 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity High Income Central Fund 31606V690 481640.50560000 NS USD 55571681.54000000 0.754146326782 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 03/03/2022 912796L98 7500000.00000000 PA USD 7499416.13000000 0.101772287084 Long DBT UST US N 2 2022-03-03 Fixed 0.00000000 N N N N N N Fidelity Hanover Street Trust 13LNM41WRMGAYS9Y7N22 Fidelity Emerging Markets Debt Local Currency Central Fund 315808709 188674.59700000 NS USD 17609000.14000000 0.238966365707 Long EC RF US N 1 N N N Fidelity Oxford Street Trust II 549300OEP6Z1TBUGHH59 Fidelity Commodity Strategy Central Fund 316167303 27565794.45800000 NS USD 137553314.35000000 1.866694040544 Long EC RF US N 1 N N N Fidelity Hanover Street Trust 13LNM41WRMGAYS9Y7N22 Fidelity Emerging Markets Debt Central Fund 315808600 4001487.10300000 NS USD 35933354.18000000 0.487640580828 Long EC RF US N 1 N N N ICE FUTURES US N/A MSCI EAFE FUT MAR22 MFSH2 N/A -79.00000000 NC USD 11910.87000000 0.000161638780 N/A DE CORP US N 1 ICE FUTURES US N/A Short MSCI EAFE INDX(UN FOR FUTURES) EI09MXEA 2022-03-18 -9183020.87000000 USD 11910.87000000 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 10038912.50900000 NS USD 10040920.29000000 0.136262264239 Long STIV RF US N 1 N N N CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 S and P500 EMINI FUT MAR22 ESH2 N/A -1000.00000000 NC USD -2486721.91000000 -0.03374654396 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 Short S and P 500 INDX 783786106 2022-03-18 -235438278.09000000 USD -2486721.91000000 N N N ICE FUTURES US N/A MSCI EMGMKT FUT MAR22 MESH2 N/A -1442.00000000 NC USD -510091.64000000 -0.00692229793 N/A DE CORP US N 1 ICE FUTURES US N/A Short MSCI EMERGING MARKETS INDEX MXEF 2022-03-18 -87906138.36000000 USD -510091.64000000 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Emerging Markets Equity Central Fund 31606V682 1584989.55800000 NS USD 391207122.71000000 5.308952445327 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity Investment Grade Bond Central Fund 31606V500 6960925.43840000 NS USD 794102374.01000000 10.77652091591 Long EC RF US N 1 N N N UST BILLS N/A UST BILLS 0% 01/27/2022 912796C31 1600000.00000000 PA USD 1599970.67000000 0.021712713567 Long DBT UST US N 2 2022-01-27 Fixed 0.00000000 N N N N N N ISHARES CORE TOTAL USD BOND MARKET ETF 549300G3FWQPUM47D181 iShares 20+ Year Treasury Bond ETF 464287432 1279121.00000000 NS USD 189552940.99000000 2.572365100657 Long EC RF US N 1 N N N 2022-01-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_321_20211231.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity Asset Manager® 70%
December 31, 2021
AMG-NPRT1-0322
1.811339.117
Equity Central Funds - 76.3%
 
  
Shares
Value ($)
 
Fidelity Commodity Strategy Central Fund (a)
  
23,993,917
119,729,646
Fidelity Emerging Markets Equity Central Fund (a)
  
1,590,612
392,594,856
Fidelity International Equity Central Fund (a)
  
9,563,221
1,007,294,062
Fidelity Real Estate Equity Central Fund (a)
  
958,106
153,210,657
Fidelity U.S. Equity Central Fund (a)
  
30,170,302
3,961,360,630
 
TOTAL EQUITY CENTRAL FUNDS
 (Cost $2,964,014,742)
  
  
5,634,189,851
 
  
  
  
Fixed-Income Central Funds - 20.5%
 
  
Shares
Value ($)
 
High Yield Fixed-Income Funds - 5.2%
 
  
  
Fidelity Emerging Markets Debt Central Fund (a)
  
4,043,233
36,308,235
Fidelity Emerging Markets Debt Local Currency Central Fund (a)
  
188,675
17,609,000
Fidelity Floating Rate Central Fund (a)
  
2,745,585
276,343,082
Fidelity High Income Central Fund (a)
  
485,977
56,072,076
TOTAL HIGH YIELD FIXED-INCOME FUNDS
  
  
386,332,393
Investment Grade Fixed-Income Funds - 15.3%
 
  
  
Fidelity Inflation-Protected Bond Index Central Fund (a)
  
2,007,796
212,866,503
Fidelity International Credit Central Fund (a)
  
1,113,362
112,093,319
Fidelity Investment Grade Bond Central Fund (a)
  
7,016,039
800,389,779
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS
  
  
1,125,349,601
 
TOTAL FIXED-INCOME CENTRAL FUNDS
 (Cost $1,429,317,479)
  
  
  
1,511,681,994
 
  
  
  
Money Market Central Funds - 0.4%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 0.08% (b)
 
 (Cost $28,230,103)
 
  
28,224,458
28,230,103
 
  
  
  
U.S. Treasury Obligations - 0.3%
 
  
Principal
Amount (c)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 0.04% to 0.05% 1/13/22 to 3/3/22 (d)
 
 (Cost $20,938,660)
 
  
20,940,000
20,939,002
 
  
  
  
Investment Companies - 2.5%
 
  
Shares
Value ($)
 
iShares 20+ Year Treasury Bond ETF
 
 (Cost $194,987,747)
 
  
1,279,121
189,552,942
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $4,637,488,731)
 
  
 
7,384,593,892
NET OTHER ASSETS (LIABILITIES) - 0.0%  
(221,812)
NET ASSETS - 100.0%
7,384,372,080
 
  
 
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)
1,077
Mar 2022
256,245,225
(2,469,451)
(2,469,451)
ICE E-mini MSCI EAFE Index Contracts (United States)
158
Mar 2022
18,342,220
25,351
25,351
ICE E-mini MSCI Emerging Markets Index Contracts (United States)
1,442
Mar 2022
88,416,230
(510,092)
(510,092)
 
  
  
  
  
  
TOTAL FUTURES CONTRACTS
  
  
  
  
(2,954,192)
The notional amount of futures sold as a percentage of Net Assets is 4.9%
 
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)
Amount is stated in United States dollars unless otherwise noted.
 
(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 $18,173,052.
 
 
 
 
Affiliated Central Funds
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 ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.08%
20,555,054
110,190,641
102,515,592
2,185
-
-
28,230,103
0.1%
Fidelity Commodity Strategy Central Fund
141,565,485
3,523,784
23,885,237
-
(44,459)
(1,429,927)
119,729,646
18.4%
Fidelity Emerging Markets Debt Central Fund
35,129,152
2,016,964
296,507
421,987
(4,517)
(536,857)
36,308,235
1.3%
Fidelity Emerging Markets Debt Local Currency Central Fund
18,059,605
808,129
-
808,129
-
(1,258,734)
17,609,000
18.7%
Fidelity Emerging Markets Equity Central Fund
413,104,612
42,929,689
19,278,441
33,084,801
(948,692)
(43,212,312)
392,594,856
21.4%
Fidelity Floating Rate Central Fund
195,295,531
83,021,936
1,482,108
2,358,506
(36,253)
(456,024)
276,343,082
8.6%
Fidelity High Income Central Fund
87,403,456
2,672,430
33,968,848
961,813
3,177,954
(3,212,916)
56,072,076
2.6%
Fidelity Inflation-Protected Bond Index Central Fund
225,481,046
23,490,848
22,872,594
16,647,770
438,385
(13,671,182)
212,866,503
19.2%
Fidelity International Credit Central Fund
109,606,414
4,750,874
824,750
1,287,292
(6,662)
(1,432,557)
112,093,319
17.1%
Fidelity International Equity Central Fund
880,481,939
144,550,337
7,393,187
57,493,565
(163,448)
(10,181,579)
1,007,294,062
23.7%
Fidelity Investment Grade Bond Central Fund
799,177,138
58,194,289
54,146,020
4,352,104
(242,301)
(2,593,327)
800,389,779
2.3%
Fidelity Real Estate Equity Central Fund
101,239,394
37,577,171
876,257
1,340,919
3,088
15,267,261
153,210,657
7.7%
Fidelity Securities Lending Cash Central Fund 0.08%
188,347,475
428,433,357
616,780,832
98,351
-
-
-
0.0%
Fidelity U.S. Equity Central Fund
3,658,367,869
416,400,273
85,916,686
306,385,268
1,780,625
(29,271,451)
3,961,360,630
16.7%
Total
6,873,814,170
1,358,560,722
970,237,059
425,242,690
3,953,720
(91,989,605)
7,174,101,948
  
 
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.
 
 
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 inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
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 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. Treasury Obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by 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.
 
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) 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 and ETNs 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 and ETNs 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.
 
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.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure 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):
 
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.
 
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.
 
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.