0001752724-22-094246.txt : 20220427 0001752724-22-094246.hdr.sgml : 20220427 20220427122628 ACCESSION NUMBER: 0001752724-22-094246 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220427 PERIOD START: 20221130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY MT VERNON STREET TRUST CENTRAL INDEX KEY: 0000707823 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03583 FILM NUMBER: 22858115 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 GROWTH COMPANY FUND DATE OF NAME CHANGE: 19910110 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY MERCURY FUND DATE OF NAME CHANGE: 19861216 0000707823 S000007120 Fidelity New Millennium Fund C000019449 Fidelity New Millennium Fund FMILX 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549300IUTGTP6EJP8124 LEIDOS HOLDINGS INC 525327102 92700.00000000 NS USD 9440568.00000000 0.365018860930 Long EC CORP US N 1 N N N HERTZ GLOBAL HOLDINGS INC 549300NBK3K85MH1EX16 HERTZ GLOBAL HOLDINGS INC 42806J700 226900.00000000 NS USD 4610608.00000000 0.178268816066 Long EC CORP US N 1 N N ORION OFFICE REIT INC N/A ORION OFFICE REIT INC 68629Y103 10680.00000000 NS USD 181880.40000000 0.007032392164 Long EC CORP US N 1 N N N EQUITABLE HOLDINGS INC 549300FIBAKMNHPZ4009 EQUITABLE HOLDINGS INC 29452E101 249100.00000000 NS USD 8135606.00000000 0.314562602070 Long EC CORP US N 1 N N N ARGAN INC 529900E4KZWBV9KGBS83 ARGAN INC 04010E109 164600.00000000 NS USD 6401294.00000000 0.247505557331 Long EC CORP US N 1 N N N UNITEDHEALTH GROUP INC 549300GHBMY8T5GXDE41 UNITEDHEALTH GROUP INC 91324P102 88200.00000000 NS USD 41971734.00000000 1.622833979477 Long EC CORP US N 1 N N N SIMON PROPERTY GROUP INC 529900GQL5X8H7AO3T64 SIMON PPTY GROUP INC - REIT 828806109 74100.00000000 NS USD 10193196.00000000 0.394119166681 Long EC CORP US N 1 N N N FRANCO NEVADA CORP N/A FRANCO-NEVADA CORP 351858105 133400.00000000 NS 19645320.71000000 0.759584866947 Long EC CORP CA N 1 N N N ALTRIA GROUP INC XSGZFLO9YTNO9VCQV219 ALTRIA GROUP INC 02209S103 383900.00000000 NS USD 19690231.00000000 0.761321319976 Long EC CORP US N 1 N N N FARFETCH LTD 549300QFQ74Z0F96NS78 FARFETCH LTD CL A 30744W107 152100.00000000 NS USD 2897505.00000000 0.112031815738 Long EC CORP KY N 1 N N N MOHAWK INDUSTRIES INC 549300JI1115MG3Q6322 MOHAWK INDUSTRIES INC 608190104 69400.00000000 NS USD 9770132.00000000 0.377761428526 Long EC CORP US N 1 N N N SANOFI 549300E9PC51EN656011 SANOFI N/A 122200.00000000 NS 12773882.96000000 0.493901236421 Long EC CORP FR N 2 N N N GOODBULK LTD 549300YTXX8GNKW5VR97 GOODBULK LTD N/A 959290.00000000 NS 6712269.37000000 0.259529396928 Long EC CORP BM N 3 N N N ASTON MARTIN LAGONDA GLOBAL HOLDINGS PLC 213800167WOVOK5ZC776 ASTON MARTIN LAGONDA GLOBAL 144U N/A 487479.00000000 NS 6613600.38000000 0.255714367754 Long EC CORP GB N 2 N N N RANGE RESOURCES CORP H3Y3WLYCX0BTO1TRW162 RANGE RESOURCES CORP 75281A109 460900.00000000 NS USD 10577655.00000000 0.408984245377 Long EC CORP US N 1 N N N CISCO SYSTEMS INC 8E6NF1YAL0WT6CWXXV93 CISCO SYSTEMS INC 17275R102 663000.00000000 NS USD 36975510.00000000 1.429655349395 Long EC CORP US N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 521400.00000000 NS USD 11898348.00000000 0.460048742185 Long EC CORP US N 1 N N N BUTTERFLY NETWORK INC N/A BUTTERFLY NETWORK INC A 124155102 2061648.00000000 NS USD 10617487.20000000 0.410524354434 Long EC CORP US N 1 N N BOWERY FARMING N/A BOWERY FARMING INC SER C-1 PC PP N/A 161754.00000000 NS USD 9745565.27000000 0.376811557734 Long EP CORP US Y 3 N N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC CL A 02079K305 9800.00000000 NS USD 26471172.00000000 1.023505900380 Long EC CORP US N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 328400.00000000 NS USD 43644360.00000000 1.687505939606 Long EC CORP US N 1 N N N COUPANG INC 549300XR4L1D80AK4W76 COUPANG INC A 22266T109 736906.00000000 NS USD 19542747.12000000 0.755618866703 Long EC CORP US N 1 N N N AKAMAI TECHNOLOGIES INC OC1LZNN2LF5WTJ5RIL89 AKAMAI TECHNOLOGIES INC 00971T101 117200.00000000 NS USD 12688072.00000000 0.490583362023 Long EC CORP US N 1 N N N PNC FINANCIAL SERVICES GRP INC CFGNEKW0P8842LEUIA51 PNC FINANCIAL SERVICES GRP INC 693475105 215400.00000000 NS USD 42918450.00000000 1.659438683341 Long EC CORP US N 1 N N N COUSINS PROPERTIES INC 5493007XPYD5EJABN062 COUSINS PROPERTIES INC 222795502 186288.00000000 NS USD 7196305.44000000 0.278244615643 Long EC CORP US N 1 N N N RALPH LAUREN CORP HO1QNWM0IXBZ0QSMMO20 RALPH LAUREN CORP 751212101 64300.00000000 NS USD 8490172.00000000 0.328271870140 Long EC CORP US N 1 N N N 2022-03-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_300_20220228.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity® New Millennium Fund®
February 28, 2022
NMF-NPRT1-0422
1.797943.118
Common Stocks - 95.2%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 6.6%
 
 
 
Diversified Telecommunication Services - 1.2%
 
 
 
Verizon Communications, Inc.
 
557,500
29,921
Entertainment - 0.9%
 
 
 
Endeavor Group Holdings, Inc. (a)
 
394,518
11,887
Endeavor Group Holdings, Inc. Class A (b)
 
365,299
11,006
 
 
 
22,893
Interactive Media & Services - 1.0%
 
 
 
Alphabet, Inc. Class A (c)
 
9,800
26,471
Media - 3.5%
 
 
 
Comcast Corp. Class A
 
1,025,900
47,971
Interpublic Group of Companies, Inc.
 
604,900
22,260
Omnicom Group, Inc.
 
241,700
20,276
 
 
 
90,507
TOTAL COMMUNICATION SERVICES
 
 
169,792
CONSUMER DISCRETIONARY - 9.1%
 
 
 
Auto Components - 0.3%
 
 
 
Faurecia SA
 
18,368
692
Magna International, Inc. Class A (d)
 
99,400
7,382
 
 
 
8,074
Automobiles - 1.4%
 
 
 
Aston Martin Lagonda Global Holdings PLC (a)(c)
 
487,479
6,614
General Motors Co. (c)
 
349,100
16,310
Stellantis NV (d)
 
664,300
12,143
 
 
 
35,067
Hotels, Restaurants & Leisure - 1.4%
 
 
 
Booking Holdings, Inc. (c)
 
7,200
15,640
Churchill Downs, Inc.
 
56,800
13,681
Elior SA (a)(c)
 
899,800
4,128
Sweetgreen, Inc.
 
87,300
2,101
 
 
 
35,550
Household Durables - 1.5%
 
 
 
D.R. Horton, Inc.
 
166,800
14,245
Mohawk Industries, Inc. (c)
 
69,400
9,770
NVR, Inc. (c)
 
2,910
14,429
 
 
 
38,444
Internet & Direct Marketing Retail - 1.1%
 
 
 
Coupang, Inc. Class A (c)
 
736,906
19,543
eBay, Inc.
 
133,600
7,293
Farfetch Ltd. Class A (c)
 
152,100
2,898
 
 
 
29,734
Leisure Products - 0.2%
 
 
 
Peloton Interactive, Inc. Class A (c)(d)
 
222,016
6,452
Specialty Retail - 0.7%
 
 
 
Best Buy Co., Inc.
 
104,400
10,089
Industria de Diseno Textil SA
 
338,500
8,830
 
 
 
18,919
Textiles, Apparel & Luxury Goods - 2.5%
 
 
 
Allbirds, Inc. Class A
 
117,222
924
Brunello Cucinelli SpA (c)
 
545,800
30,612
PVH Corp.
 
106,100
10,386
Ralph Lauren Corp.
 
64,300
8,490
Tapestry, Inc.
 
318,400
13,023
 
 
 
63,435
TOTAL CONSUMER DISCRETIONARY
 
 
235,675
CONSUMER STAPLES - 3.9%
 
 
 
Beverages - 1.5%
 
 
 
Diageo PLC sponsored ADR
 
63,900
12,760
The Coca-Cola Co.
 
414,700
25,811
 
 
 
38,571
Food & Staples Retailing - 1.3%
 
 
 
BJ's Wholesale Club Holdings, Inc. (c)
 
220,400
13,857
Kroger Co.
 
423,100
19,801
 
 
 
33,658
Food Products - 0.3%
 
 
 
Greencore Group PLC (c)
 
4,934,761
8,774
Tobacco - 0.8%
 
 
 
Altria Group, Inc.
 
383,900
19,690
TOTAL CONSUMER STAPLES
 
 
100,693
ENERGY - 13.5%
 
 
 
Energy Equipment & Services - 1.4%
 
 
 
Noble Finance Co. (a)
 
1,332
34
Oceaneering International, Inc. (c)
 
504,852
7,391
Odfjell Drilling Ltd. (c)
 
3,729,024
9,488
Schlumberger Ltd.
 
399,200
15,665
Technip Energies NV ADR (c)
 
58,160
646
TechnipFMC PLC (c)
 
291,100
1,994
 
 
 
35,218
Oil, Gas & Consumable Fuels - 12.1%
 
 
 
Canadian Natural Resources Ltd.
 
626,400
34,994
Cheniere Energy, Inc.
 
328,400
43,644
Energy Transfer LP
 
699,300
7,091
EQT Corp.
 
1,389,400
32,151
Exxon Mobil Corp.
 
1,005,100
78,821
Golar LNG Ltd. (c)
 
741,400
12,900
Harbour Energy PLC (c)
 
549,211
2,908
Hess Corp.
 
494,500
49,974
Range Resources Corp. (c)
 
460,900
10,578
The Williams Companies, Inc.
 
853,397
26,694
Valero Energy Corp.
 
152,400
12,727
 
 
 
312,482
TOTAL ENERGY
 
 
347,700
FINANCIALS - 18.9%
 
 
 
Banks - 7.2%
 
 
 
Bank of America Corp.
 
1,285,500
56,819
Comerica, Inc.
 
151,000
14,419
HDFC Bank Ltd. sponsored ADR
 
140,700
8,747
PNC Financial Services Group, Inc.
 
215,400
42,918
Wells Fargo & Co.
 
1,207,400
64,439
 
 
 
187,342
Capital Markets - 3.3%
 
 
 
Goldman Sachs Group, Inc.
 
74,500
25,426
Morgan Stanley
 
282,200
25,607
Sixth Street Specialty Lending, Inc.
 
1,005,800
23,576
TPG, Inc. (d)
 
355,900
10,940
 
 
 
85,549
Diversified Financial Services - 0.5%
 
 
 
Equitable Holdings, Inc.
 
249,100
8,136
WeWork, Inc. (c)(d)
 
673,800
4,312
 
 
 
12,448
Insurance - 6.2%
 
 
 
American International Group, Inc.
 
895,800
54,859
Arch Capital Group Ltd. (c)
 
546,400
25,741
Chubb Ltd.
 
185,509
37,777
First American Financial Corp.
 
121,800
8,165
Hiscox Ltd.
 
639,207
7,865
MetLife, Inc.
 
317,300
21,434
RenaissanceRe Holdings Ltd.
 
33,000
4,976
 
 
 
160,817
Thrifts & Mortgage Finance - 1.7%
 
 
 
Housing Development Finance Corp. Ltd.
 
299,068
9,364
Radian Group, Inc.
 
1,398,823
33,432
 
 
 
42,796
TOTAL FINANCIALS
 
 
488,952
HEALTH CARE - 13.8%
 
 
 
Biotechnology - 0.7%
 
 
 
Amgen, Inc.
 
83,600
18,934
Health Care Equipment & Supplies - 2.3%
 
 
 
Becton, Dickinson & Co.
 
68,200
18,501
Boston Scientific Corp. (c)
 
395,700
17,478
Butterfly Network, Inc. (b)
 
557,178
2,869
Butterfly Network, Inc. Class A (c)(d)
 
2,061,648
10,617
Hologic, Inc. (c)
 
155,100
11,038
 
 
 
60,503
Health Care Providers & Services - 4.5%
 
 
 
Centene Corp. (c)
 
262,200
21,663
Cigna Corp.
 
93,300
22,185
Guardant Health, Inc. (c)
 
116,600
7,727
LifeStance Health Group, Inc.
 
586,000
5,526
Oak Street Health, Inc. (c)(d)
 
359,633
6,297
UnitedHealth Group, Inc.
 
88,200
41,972
Universal Health Services, Inc. Class B
 
67,100
9,658
 
 
 
115,028
Pharmaceuticals - 6.3%
 
 
 
Bristol-Myers Squibb Co.
 
929,200
63,808
Eli Lilly & Co.
 
160,100
40,017
Roche Holding AG (participation certificate)
 
52,080
19,724
Sanofi SA
 
122,200
12,774
UCB SA
 
64,200
7,007
Viatris, Inc.
 
1,785,900
19,663
 
 
 
162,993
TOTAL HEALTH CARE
 
 
357,458
INDUSTRIALS - 12.4%
 
 
 
Aerospace & Defense - 5.0%
 
 
 
BWX Technologies, Inc.
 
202,700
10,828
General Dynamics Corp.
 
133,600
31,323
Huntington Ingalls Industries, Inc.
 
136,200
27,839
Northrop Grumman Corp.
 
59,300
26,219
Space Exploration Technologies Corp.:
 
 
 
 Class A (b)(c)(e)
 
585,890
32,810
 Class C (b)(c)(e)
 
8,180
458
 
 
 
129,477
Air Freight & Logistics - 0.3%
 
 
 
GXO Logistics, Inc. (c)
 
101,400
8,511
Building Products - 0.6%
 
 
 
Fortune Brands Home & Security, Inc.
 
118,500
10,298
Jeld-Wen Holding, Inc. (c)
 
241,700
5,578
 
 
 
15,876
Construction & Engineering - 0.6%
 
 
 
AECOM
 
118,500
8,610
Argan, Inc.
 
164,600
6,401
 
 
 
15,011
Electrical Equipment - 0.5%
 
 
 
Sensata Technologies, Inc. PLC (c)
 
206,900
11,982
Industrial Conglomerates - 2.8%
 
 
 
General Electric Co.
 
752,712
71,892
Machinery - 0.6%
 
 
 
Donaldson Co., Inc.
 
121,700
6,605
Pentair PLC
 
138,900
8,044
 
 
 
14,649
Marine - 0.2%
 
 
 
Goodbulk Ltd. (c)(e)
 
959,290
6,712
Professional Services - 0.6%
 
 
 
Leidos Holdings, Inc.
 
92,700
9,441
Science Applications International Corp.
 
72,000
6,314
 
 
 
15,755
Road & Rail - 1.2%
 
 
 
Hertz Global Holdings, Inc. (d)
 
226,900
4,611
Knight-Swift Transportation Holdings, Inc. Class A
 
327,386
17,836
XPO Logistics, Inc. (c)
 
104,800
7,617
 
 
 
30,064
TOTAL INDUSTRIALS
 
 
319,929
INFORMATION TECHNOLOGY - 6.7%
 
 
 
Communications Equipment - 1.8%
 
 
 
Cisco Systems, Inc.
 
663,000
36,976
Ericsson (B Shares)
 
1,170,800
10,774
 
 
 
47,750
Electronic Equipment & Components - 0.6%
 
 
 
Keysight Technologies, Inc. (c)
 
106,600
16,776
IT Services - 2.6%
 
 
 
Akamai Technologies, Inc. (c)
 
117,200
12,688
Euronet Worldwide, Inc. (c)
 
58,700
7,527
Fidelity National Information Services, Inc.
 
113,800
10,837
Fiserv, Inc. (c)
 
1
0
Global Payments, Inc.
 
48,300
6,442
Visa, Inc. Class A
 
134,900
29,155
 
 
 
66,649
Semiconductors & Semiconductor Equipment - 1.7%
 
 
 
Analog Devices, Inc.
 
82,500
13,224
Intel Corp.
 
466,200
22,238
Skyworks Solutions, Inc.
 
55,300
7,641
 
 
 
43,103
TOTAL INFORMATION TECHNOLOGY
 
 
174,278
MATERIALS - 4.9%
 
 
 
Chemicals - 1.2%
 
 
 
Cabot Corp.
 
115,000
8,413
LG Chemical Ltd.
 
20,230
9,601
Nutrien Ltd.
 
154,120
13,255
 
 
 
31,269
Containers & Packaging - 1.0%
 
 
 
Avery Dennison Corp.
 
54,900
9,673
O-I Glass, Inc. (c)
 
1,174,500
15,010
 
 
 
24,683
Metals & Mining - 2.7%
 
 
 
Franco-Nevada Corp.
 
133,400
19,645
Freeport-McMoRan, Inc.
 
703,600
33,034
Newcrest Mining Ltd.
 
407,095
7,590
Novagold Resources, Inc. (c)
 
1,383,780
9,684
 
 
 
69,953
TOTAL MATERIALS
 
 
125,905
REAL ESTATE - 2.6%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 2.6%
 
 
 
Cousins Properties, Inc.
 
186,288
7,196
Gaming & Leisure Properties
 
262,183
11,906
Healthcare Trust of America, Inc.
 
235,700
6,927
Orion Office (REIT), Inc. (c)
 
10,680
182
Realty Income Corp.
 
106,807
7,059
Simon Property Group, Inc.
 
74,100
10,193
Spirit Realty Capital, Inc.
 
260,560
12,082
VICI Properties, Inc.
 
428,600
11,984
 
 
 
67,529
UTILITIES - 2.8%
 
 
 
Electric Utilities - 1.9%
 
 
 
Duke Energy Corp.
 
230,300
23,124
FirstEnergy Corp.
 
219,500
9,186
Southern Co.
 
259,200
16,788
 
 
 
49,098
Independent Power and Renewable Electricity Producers - 0.9%
 
 
 
The AES Corp.
 
591,800
12,564
Vistra Corp.
 
521,400
11,898
 
 
 
24,462
TOTAL UTILITIES
 
 
73,560
 
TOTAL COMMON STOCKS
 (Cost $1,769,353)
 
 
 
2,461,471
 
 
 
 
Preferred Stocks - 2.6%
 
 
Shares
Value ($)
(000s)
 
Convertible Preferred Stocks - 1.8%
 
 
 
CONSUMER DISCRETIONARY - 0.7%
 
 
 
Textiles, Apparel & Luxury Goods - 0.7%
 
 
 
Bolt Threads, Inc.:
 
 
 
  Series D(b)(c)(e)
 
390,327
7,395
  Series E(b)(e)
 
522,488
9,899
 
 
 
17,294
CONSUMER STAPLES - 0.4%
 
 
 
Food Products - 0.4%
 
 
 
Bowery Farming, Inc. Series C1 (b)(e)
 
161,754
9,746
 
 
 
 
HEALTH CARE - 0.6%
 
 
 
Biotechnology - 0.6%
 
 
 
National Resilience, Inc. Series B (b)(c)(e)
 
243,347
14,795
 
 
 
 
INDUSTRIALS - 0.1%
 
 
 
Aerospace & Defense - 0.1%
 
 
 
Space Exploration Technologies Corp. Series H (b)(c)(e)
 
7,570
4,239
 
 
 
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 
 
46,074
Nonconvertible Preferred Stocks - 0.8%
 
 
 
CONSUMER DISCRETIONARY - 0.8%
 
 
 
Automobiles - 0.8%
 
 
 
Porsche Automobil Holding SE (Germany)
 
211,000
21,060
 
 
 
 
 
TOTAL PREFERRED STOCKS
 (Cost $45,418)
 
 
 
67,134
 
 
 
 
Other - 0.1%
 
 
Shares
Value ($)
(000s)
 
Other - 0.1%
 
 
 
Utica Shale Drilling Program (non-operating revenue interest) (b)(e)(f)
  (Cost $8,249)
 
6,453,248
2,312
 
 
 
 
Money Market Funds - 2.9%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 0.07% (g)
 
48,157,835
48,167
Fidelity Securities Lending Cash Central Fund 0.07% (g)(h)
 
28,034,976
28,038
 
TOTAL MONEY MARKET FUNDS
 (Cost $76,205)
 
 
76,205
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.8%
 (Cost $1,899,225)
 
 
 
2,607,122
NET OTHER ASSETS (LIABILITIES) - (0.8)%  
(21,169)
NET ASSETS - 100.0%
2,585,953
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
Security exempt from registration under Rule 144A of the Securities Act of 1933.  These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $22,663,000 or 0.9% of net assets.
 
(b)
Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues).  At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $95,529,000 or 3.7% of net assets.
 
(c)
Non-income producing
 
(d)
Security or a portion of the security is on loan at period end.
 
(e)
Level 3 security
 
(f)
Investment is owned by a wholly-owned subsidiary (Subsidiary) that is treated as a corporation for U.S. tax purposes.
 
(g)
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.
 
(h)
Investment made with cash collateral received from securities on loan.
 
 
 
Additional information on each restricted holding is as follows:
Security
Acquisition Date
Acquisition Cost ($)
(000s)
Bolt Threads, Inc. Series D
12/13/17
6,261
Bolt Threads, Inc. Series E
2/07/20 - 9/02/21
9,224
Bowery Farming, Inc. Series C1
5/18/21
9,746
Butterfly Network, Inc.
2/12/21
5,572
Endeavor Group Holdings, Inc. Class A
3/29/21
8,767
National Resilience, Inc. Series B
12/01/20
3,324
Space Exploration Technologies Corp. Class A
4/08/16 - 9/11/17
5,980
Space Exploration Technologies Corp. Class C
9/11/17
110
Space Exploration Technologies Corp. Series H
8/04/17
1,022
Utica Shale Drilling Program (non-operating revenue interest)
10/05/16 - 12/16/20
8,249
 
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 (Amounts in thousands)
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 0.07%
23,004
195,058
169,895
4
-
-
48,167
0.1%
Fidelity Securities Lending Cash Central Fund 0.07%
36,767
120,805
129,534
75
-
-
28,038
0.1%
Total
59,771
315,863
299,429
79
-
-
76,205
 
 
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. Securities 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. 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 - 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:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported 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 or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.
 
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.
 
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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