0001752724-23-034764.txt : 20230223 0001752724-23-034764.hdr.sgml : 20230223 20230223094222 ACCESSION NUMBER: 0001752724-23-034764 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230223 DATE AS OF CHANGE: 20230223 PERIOD START: 20230930 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: 23656805 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 S000005457 Fidelity Asset Manager 85% C000014858 Fidelity Asset Manager 85% FAMRX C000037746 Fidelity Advisor Asset Manager 85%: Class I FEYIX C000037747 Fidelity Advisor Asset Manager 85%: Class A FEYAX C000037749 Fidelity Advisor Asset Manager 85%: Class C FEYCX C000037750 Fidelity Advisor Asset Manager 85%: Class M FEYTX C000205012 Fidelity Advisor Asset Manager 85%: Class Z FIQCX NPORT-P 1 primary_doc.xml NPORT-P false 0000354046 XXXXXXXX S000005457 C000205012 C000037750 C000014858 C000037747 C000037749 C000037746 Fidelity Charles Street Trust 811-03221 0000354046 SG47DUH2I0FYWTB12921 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Asset Manager 85% S000005457 K73L3FM4839YOD824C45 2023-09-30 2022-12-31 N 3305652438.69 15083641.81 3290568796.88 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 977029.50000000 N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 02/09/2023 912796XZ7 2340000.00000000 PA USD 2330664.59000000 0.070828623677 Long DBT UST US N 2 2023-02-09 Fixed 0.00000000 N N N N N N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 01/26/2023 912796S34 500000.00000000 PA USD 498760.40000000 0.015157270088 Long DBT UST US N 2 2023-01-26 Fixed 0.00000000 N N N N N N ISHARES CORE TOTAL USD BOND MARKET ETF 549300G3FWQPUM47D181 iShares MSCI USA Min Vol Factor ETF 46429B697 1135621.00000000 NS USD 81878274.10000000 2.488271151711 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Real Estate Equity Central Fund 31606V674 256974.62000000 NS USD 29636882.92000000 0.900661397752 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity U.S. Equity Central Fund 31606V666 16235475.21300000 NS USD 1678098718.02000000 50.99722332537 Long EC RF US N 1 N N N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 02/02/2023 912796XT1 3880000.00000000 PA USD 3867689.61000000 0.117538633857 Long DBT UST US N 2 2023-02-02 Fixed 0.00000000 N N N N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity Inflation-Protected Bond Index Central Fund 31607D103 724259.31300000 NS USD 63589967.68000000 1.932491663456 Long EC RF US N 1 N N N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 03/09/2023 912796YK9 2980000.00000000 PA USD 2957168.97000000 0.089868018343 Long DBT UST US N 2 2023-03-09 Fixed 0.00000000 N N N N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity International Credit Central Fund 31607D202 419743.32710000 NS USD 32534305.28000000 0.988713723622 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity International Equity Central Fund 31606V716 7988228.62900000 NS USD 668534853.96000000 20.31669584279 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Floating Rate Central Fund 31606V708 283711.26700000 NS USD 26989452.83000000 0.820206307662 Long EC RF US N 1 N N N Fidelity Hanover Street Trust 13LNM41WRMGAYS9Y7N22 Fidelity Emerging Markets Debt Local Currency Central Fund 315808709 108413.53700000 NS USD 9230328.54000000 0.280508602304 Long EC RF US N 1 N N N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 03/16/2023 912796YL7 70000.00000000 PA USD 69419.49000000 0.002109650163 Long DBT UST US N 2 2023-03-16 Fixed 0.00000000 N N N N N N Fidelity Oxford Street Trust II 549300OEP6Z1TBUGHH59 Fidelity Commodity Strategy Central Fund 316167303 747583.56790000 NS USD 76066628.03000000 2.311655908915 Long EC RF US N 1 N N N Fidelity Hanover Street Trust 13LNM41WRMGAYS9Y7N22 Fidelity Emerging Markets Debt Central Fund 315808600 1785684.49800000 NS USD 13464061.11000000 0.409171238807 Long EC RF US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 12899095.07300000 NS USD 12901674.89000000 0.392080387507 Long STIV RF US N 1 N N N CHICAGO BOARD OF TRADE N/A US 5YR NOTE (CBT) FUT MAR23 FVH3 N/A 584.00000000 NC USD 7952.62000000 0.000241679189 N/A DIR CORP US N 1 CHICAGO BOARD OF TRADE N/A Long UST NOTES UST NOTES 0% 06/30/2040 2023-03-31 63022984.88000000 USD 7952.62000000 N N N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 02/16/2023 912796YA1 350000.00000000 PA USD 348259.48000000 0.010583564772 Long DBT UST US N 2 2023-02-16 Fixed 0.00000000 N N N N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 12279997.01100000 NS USD 12281225.01000000 0.373224988386 Long STIV RF US N 1 N N Fidelity Central Investment Portfolios LLC S2V1M15I679NQK6BNY65 Fidelity Emerging Markets Equity Central Fund 31606V682 1720471.07500000 NS USD 315190300.94000000 9.578596297359 Long EC RF US N 1 N N N Fidelity Central Investment Portfolios II LLC 0VPAEPVECBYQ0ULYZJ60 Fidelity Investment Grade Bond Central Fund 31606V500 2472255.32380000 NS USD 238968199.60000000 7.262215572778 Long EC RF US N 1 N N N ICE FUTURES US N/A MSCI EAFE FUT MAR23 MFSH3 N/A 1097.00000000 NC USD -2047724.08000000 -0.06223009474 N/A DE CORP US N 1 ICE FUTURES US N/A Long MSCI EAFE INDX(UN FOR FUTURES) EI09MXEA 2023-03-17 108972314.08000000 USD -2047724.08000000 N N N ISHARES CORE TOTAL USD BOND MARKET ETF 549300G3FWQPUM47D181 iShares 20+ Year Treasury Bond ETF 464287432 320759.00000000 NS USD 31934766.04000000 0.970493796400 Long EC RF US N 1 N N CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 S and P500 EMINI FUT MAR23 ESH3 N/A -568.00000000 NC USD 3062633.25000000 0.093073065450 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 Short S and P 500 INDX 783786106 2023-03-17 -112715033.25000000 USD 3062633.25000000 N N N UST BILLS 254900HROIFWPRGM1V77 UST BILLS 0% 03/02/2023 912796YB9 3250000.00000000 PA USD 3227804.78000000 0.098092608884 Long DBT UST US N 2 2023-03-02 Fixed 0.00000000 N N N N N N 2023-01-30 Laura M. Del Prato Laura M. Del Prato Laura M. Del Prato President and Treasurer XXXX NPORT-EX 2 QTLY_347_20221231.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Asset Manager® 85%
December 31, 2022
AGG-NPRT1-0323
1.811344.118
Equity Central Funds - 83.8%
 
  
Shares
Value ($)
 
Fidelity Commodity Strategy Central Fund (a)
  
669,519
68,123,582
Fidelity Emerging Markets Equity Central Fund (a)
  
1,726,557
316,305,330
Fidelity International Equity Central Fund (a)
  
8,020,823
671,262,713
Fidelity Real Estate Equity Central Fund (a)
  
258,000
29,755,126
Fidelity U.S. Equity Central Fund (a)
  
16,294,105
1,684,158,657
 
TOTAL EQUITY CENTRAL FUNDS
 (Cost $2,008,634,934)
  
  
2,769,605,408
 
  
  
  
Fixed-Income Central Funds - 11.7%
 
  
Shares
Value ($)
 
High Yield Fixed-Income Funds - 1.5%
 
  
  
Fidelity Emerging Markets Debt Central Fund (a)
  
1,805,940
13,616,791
Fidelity Emerging Markets Debt Local Currency Central Fund (a)
  
108,414
9,230,329
Fidelity Floating Rate Central Fund (a)
  
286,672
27,271,100
TOTAL HIGH YIELD FIXED-INCOME FUNDS
  
  
50,118,220
Investment Grade Fixed-Income Funds - 10.2%
 
  
  
Fidelity Inflation-Protected Bond Index Central Fund (a)
  
727,138
63,842,686
Fidelity International Credit Central Fund (a)
  
421,269
32,652,548
Fidelity Investment Grade Bond Central Fund (a)
  
2,489,814
240,665,412
TOTAL INVESTMENT GRADE FIXED-INCOME FUNDS
  
  
337,160,646
 
TOTAL FIXED-INCOME CENTRAL FUNDS
 (Cost $424,192,361)
  
  
  
387,278,866
 
  
  
  
Money Market Central Funds - 1.1%
 
  
Shares
Value ($)
 
Fidelity Cash Central Fund 4.37% (b)
  
12,899,095
12,901,675
Fidelity Securities Lending Cash Central Fund 4.37% (b)(c)
  
22,674,658
22,676,925
 
TOTAL MONEY MARKET CENTRAL FUNDS
 (Cost $35,578,600)
  
  
35,578,600
 
  
  
  
U.S. Treasury Obligations - 0.4%
 
  
Principal
Amount (d)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 4.02% to 4.27% 1/26/23 to 3/16/23 (e)
 
 (Cost $13,296,004)
 
  
13,370,000
13,299,767
 
  
  
  
Investment Companies - 3.5%
 
  
Shares
Value ($)
 
iShares 20+ Year Treasury Bond ETF (f)
  
320,759
31,934,766
iShares MSCI USA Minimum Volatility ETF
 
1,135,621
81,878,274
 
TOTAL INVESTMENT COMPANIES
 (Cost $129,044,899)
  
  
113,813,040
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.5%
 (Cost $2,610,746,798)
 
  
 
3,319,575,681
NET OTHER ASSETS (LIABILITIES) - (0.5)%  
(15,751,878)
NET ASSETS - 100.0%
3,303,823,803
 
  
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
  
  
  
  
  
 
  
  
  
  
  
Equity Index Contracts
  
  
  
  
  
MSCI EAFE Index Future (United States)
1,181
Mar 2023
115,112,070
(2,077,884)
(2,077,884)
 
  
  
  
  
  
Treasury Contracts
  
  
  
  
  
CBOT 5-Year U.S. Treasury Note Contracts (United States)
584
Mar 2023
63,030,938
7,953
7,953
 
  
  
  
  
  
TOTAL PURCHASED
  
  
  
  
(2,069,931)
 
  
  
  
  
  
Sold
  
  
  
  
  
 
  
  
  
  
  
Equity Index Contracts
  
  
  
  
  
CME Micro E-mini S&P 500 Index Contracts (United States)
483
Mar 2023
93,243,150
2,604,317
2,604,317
 
  
  
  
  
  
TOTAL FUTURES CONTRACTS
  
  
  
  
534,386
The notional amount of futures purchased as a percentage of Net Assets is 5.4%
The notional amount of futures sold as a percentage of Net Assets is 2.8%
 
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)
Investment made with cash collateral received from securities on loan.
 
(d)
Amount is stated in United States dollars unless otherwise noted.
 
(e)
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 $895,718.
 
(f)
Security or a portion of the security is on loan at period end.
 
 
 
 
 
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 4.37%
13,400,862
61,063,961
61,563,148
131,195
-
-
12,901,675
0.0%
Fidelity Commodity Strategy Central Fund
78,940,714
1,736,853
12,924,406
840,050
(3,409,101)
3,779,522
68,123,582
9.4%
Fidelity Emerging Markets Debt Central Fund
12,999,589
595,948
695,599
220,727
(111,149)
828,002
13,616,791
0.6%
Fidelity Emerging Markets Debt Local Currency Central Fund
8,467,097
-
-
-
-
763,232
9,230,329
10.6%
Fidelity Emerging Markets Equity Central Fund
292,726,440
21,681,851
22,429,117
3,611,790
(7,876,276)
32,202,432
316,305,330
17.2%
Fidelity Floating Rate Central Fund
26,789,150
918,825
695,600
543,603
(20,954)
279,679
27,271,100
1.2%
Fidelity High Income Central Fund
-
28
4,821
45
4,793
-
-
0.0%
Fidelity Inflation-Protected Bond Index Central Fund
63,761,519
7,835,769
1,888,046
6,823,573
(45,854)
(5,820,702)
63,842,686
10.4%
Fidelity International Credit Central Fund
42,225,958
2,163,048
10,416,365
1,650,776
(3,030,893)
1,710,800
32,652,548
9.0%
Fidelity International Equity Central Fund
580,772,173
14,314,700
18,980,798
3,063,839
(3,971,904)
99,128,542
671,262,713
16.7%
Fidelity Investment Grade Bond Central Fund
146,696,239
103,183,215
9,767,682
1,617,432
(637,250)
1,190,890
240,665,412
0.7%
Fidelity Real Estate Equity Central Fund
28,721,218
892,708
927,489
392,387
(39,214)
1,107,903
29,755,126
2.9%
Fidelity Securities Lending Cash Central Fund 4.37%
16,469,750
305,341,006
299,133,831
8,784
-
-
22,676,925
0.1%
Fidelity U.S. Equity Central Fund
1,623,482,375
86,666,351
107,463,156
33,289,156
379,800
81,093,287
1,684,158,657
10.9%
Total
2,935,453,084
606,394,263
546,890,058
52,193,357
(18,758,002)
216,263,587
3,192,462,874
  
 
  
  
  
  
  
  
  
  
Amounts in the dividend 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. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - Unadjusted 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 services or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing services 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 services. 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 service 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.
 
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.
 
The Fund used futures contracts to manage its exposure to the bond market and fluctuations in interest rates.
 
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.