0001752724-23-239238.txt : 20231027 0001752724-23-239238.hdr.sgml : 20231027 20231027092427 ACCESSION NUMBER: 0001752724-23-239238 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230831 FILED AS OF DATE: 20231027 DATE AS OF CHANGE: 20231027 PERIOD START: 20231130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY ADVISOR SERIES I CENTRAL INDEX KEY: 0000722574 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-03785 FILM NUMBER: 231352623 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 ADVISOR SERIES 1 DATE OF NAME CHANGE: 19930706 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY BROAD STREET TRUST DATE OF NAME CHANGE: 19920820 FORMER COMPANY: FORMER CONFORMED NAME: 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549300BDV45LJNXBZC55 Fidelity Securities Lending Cash Central Fund 31635A303 27953808.34600000 NS USD 27956603.73000000 0.380811492088 Long STIV RF US N 1 N N NVIDIA CORP 549300S4KLFTLO7GSQ80 NVIDIA CORP 67066G104 1211166.00000000 NS USD 597770979.30000000 8.142550531278 Long EC CORP US N 1 N N N SITIME CORP N/A SITIME CORP 82982T106 280083.00000000 NS USD 37164213.27000000 0.506233147786 Long EC CORP US N 1 N N BEAM THERAPEUTICS INC N/A BEAM THERAPEUTICS INC 07373V105 45900.00000000 NS USD 1063962.00000000 0.014492781764 Long EC CORP US N 1 N N N MASTERCARD INC AR5L2ODV9HN37376R084 MASTERCARD INC CL A 57636Q104 326543.00000000 NS USD 134744703.52000000 1.835427940176 Long EC CORP US N 1 N N N UNIVERSAL MUSIC GROUP NV 724500GJBUL3D9TW9Y18 UNIVERSAL MUSIC GROUP NV N/A 5281091.00000000 NS 130935004.73000000 1.783534044385 Long EC CORP NL N 2 N N N BIO TECHNE CORP 54930073RLKQ51TILZ35 BIO TECHNE CORP 09073M104 240535.00000000 NS USD 18857944.00000000 0.256873898622 Long EC CORP US N 1 N N N SILICON LABORATORIES INC 4PRDF8Q9TDHRVZKZSZ47 SILICON LABORATORIES INC 826919102 7020.00000000 NS USD 946717.20000000 0.012895729145 Long EC CORP US N 1 N N N AIRBNB INC 549300HMUDNO0RY56D37 AIRBNB INC CLASS A 009066101 403782.00000000 NS USD 53117522.10000000 0.723541494607 Long EC CORP US N 1 N N N INSMED INC 529900Q55QAG41CCAC11 INSMED INC 457669307 637949.00000000 NS USD 13964703.61000000 0.190220517114 Long EC CORP US N 1 N N N INSPIRE MEDICAL SYSTEMS INC 549300XQQCQ7HCJKTW25 INSPIRE MEDICAL SYSTEMS INC 457730109 32800.00000000 NS USD 7441664.00000000 0.101366789715 Long EC CORP US N 1 N N N UNITEDHEALTH GROUP INC 549300GHBMY8T5GXDE41 UNITEDHEALTH GROUP INC 91324P102 169388.00000000 NS USD 80726933.04000000 1.099623692476 Long EC CORP US N 1 N N N UNIVERSAL DISPLAY CORP N/A UNIVERSAL DISPLAY CORP 91347P105 254023.00000000 NS USD 41293978.88000000 0.562486840799 Long EC CORP US N 1 N N N REPLIGEN CORP 54930006QJ0T5AUO1E71 REPLIGEN 759916109 161904.00000000 NS USD 28156724.64000000 0.383537443462 Long EC CORP US N 1 N N N KENVUE INC 5493008HSF8L4M2LIJ82 KENVUE INC 49177J102 153500.00000000 NS USD 3538175.00000000 0.048195328518 Long EC CORP US N 1 N N N INSULET CORP 549300TZTYD2PYN92D43 INSULET CORP 45784P101 5000.00000000 NS USD 958550.00000000 0.013056909890 Long EC CORP US N 1 N N N RANGE RESOURCES CORP H3Y3WLYCX0BTO1TRW162 RANGE RESOURCES CORP 75281A109 1212756.00000000 NS USD 39269039.28000000 0.534904081537 Long EC CORP US N 1 N N N ELEVATEBIO, LLC N/A ELEVATEBIO LLC SER C PC PP N/A 111100.00000000 NS USD 463287.00000000 0.006310674051 Long EP CORP US Y 3 N N N NEW FORTRESS ENERGY INC 254900EICTYTCHA5X705 NEW FORTRESS ENERGY INC 644393100 458132.00000000 NS USD 14220417.28000000 0.193703726490 Long EC CORP US N 1 N N N ASPEN AEROGELS INC N/A ASPEN AEROGELS INC 04523Y105 510800.00000000 NS USD 3110772.00000000 0.042373449160 Long EC CORP US N 1 N N ALPHABET INC 5493006MHB84DD0ZWV18 ALPHABET INC CL A 02079K305 2883662.00000000 NS USD 392668254.54000000 5.348739258578 Long EC CORP US N 1 N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 UBER TECHNOLOGIES INC 90353T100 5664936.00000000 NS USD 267554927.28000000 3.644505321789 Long EC CORP US N 1 N N N 2SEVENTY BIO INC N/A 2SEVENTY BIO INC-W/I 901384107 57100.00000000 NS USD 296349.00000000 0.004036724416 Long EC CORP US N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 656300.00000000 NS USD 107108160.00000000 1.458976155271 Long EC CORP US N 1 N N N SAMSONITE INTERNATIONAL SA 549300UULS5HYFJSEL12 SAMSONITE INTERNATIONAL S.A. N/A 12178276.00000000 NS 40763259.10000000 0.555257629652 Long EC CORP LU N 1 N N N XOMA CORP 549300U6ZVYFCWNBJ613 XOMA CORPORATION 98419J206 291100.00000000 NS USD 4081222.00000000 0.055592455162 Long EC CORP US N 1 N N N 2023-09-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_86_20230831.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity Advisor® Equity Growth Fund
August 31, 2023
EPG-NPRT3-1023
1.805739.119
Common Stocks - 98.8%
 
 
Shares
Value ($)
(000s)
 
COMMUNICATION SERVICES - 10.1%
 
 
 
Entertainment - 4.7%
 
 
 
Netflix, Inc. (a)
 
298,142
129,298
Universal Music Group NV
 
5,281,091
130,935
Warner Music Group Corp. Class A
 
2,584,478
86,063
 
 
 
346,296
Interactive Media & Services - 5.4%
 
 
 
Alphabet, Inc. Class A (a)
 
2,883,662
392,668
Epic Games, Inc. (a)(b)(c)
 
3,289
2,048
 
 
 
394,716
Media - 0.0%
 
 
 
Innovid Corp. (a)
 
11,235
13
TOTAL COMMUNICATION SERVICES
 
 
741,025
CONSUMER DISCRETIONARY - 11.1%
 
 
 
Automobiles - 0.8%
 
 
 
BYD Co. Ltd. (H Shares)
 
952,871
29,930
Ferrari NV
 
101,711
32,318
 
 
 
62,248
Broadline Retail - 4.8%
 
 
 
Amazon.com, Inc. (a)
 
2,017,628
278,453
Dollarama, Inc.
 
56,000
3,631
MercadoLibre, Inc. (a)
 
50,702
69,581
 
 
 
351,665
Hotels, Restaurants & Leisure - 2.3%
 
 
 
Airbnb, Inc. Class A (a)
 
403,782
53,118
Booking Holdings, Inc. (a)
 
13,900
43,160
Flutter Entertainment PLC (a)
 
332,882
60,766
Kura Sushi U.S.A., Inc. Class A (a)
 
107,500
9,392
 
 
 
166,436
Household Durables - 0.0%
 
 
 
Blu Investments LLC (a)(b)(c)
 
12,123,162
4
Specialty Retail - 2.0%
 
 
 
Five Below, Inc. (a)
 
272,343
46,832
Floor & Decor Holdings, Inc. Class A (a)
 
222,956
22,229
TJX Companies, Inc.
 
869,668
80,427
 
 
 
149,488
Textiles, Apparel & Luxury Goods - 1.2%
 
 
 
Compagnie Financiere Richemont SA Series A
 
10,550
1,496
LVMH Moet Hennessy Louis Vuitton SE
 
50,628
42,814
On Holding AG (a)
 
11,400
329
Samsonite International SA (a)(d)
 
12,178,276
40,763
 
 
 
85,402
TOTAL CONSUMER DISCRETIONARY
 
 
815,243
CONSUMER STAPLES - 1.6%
 
 
 
Beverages - 1.2%
 
 
 
Boston Beer Co., Inc. Class A (a)
 
52,768
19,283
Monster Beverage Corp.
 
1,156,590
66,400
 
 
 
85,683
Personal Care Products - 0.4%
 
 
 
Estee Lauder Companies, Inc. Class A
 
160,453
25,758
Kenvue, Inc.
 
153,500
3,538
 
 
 
29,296
TOTAL CONSUMER STAPLES
 
 
114,979
ENERGY - 4.1%
 
 
 
Energy Equipment & Services - 0.5%
 
 
 
Baker Hughes Co. Class A
 
1,076,649
38,964
Oil, Gas & Consumable Fuels - 3.6%
 
 
 
Cheniere Energy, Inc.
 
656,300
107,108
New Fortress Energy, Inc.
 
458,132
14,220
Range Resources Corp.
 
1,212,756
39,269
Reliance Industries Ltd.
 
3,002,705
87,384
Southwestern Energy Co. (a)
 
1,765,100
11,967
 
 
 
259,948
TOTAL ENERGY
 
 
298,912
FINANCIALS - 5.9%
 
 
 
Banks - 0.0%
 
 
 
HDFC Bank Ltd. (a)
 
160,292
3,038
Capital Markets - 1.4%
 
 
 
CME Group, Inc.
 
492,218
99,763
Financial Services - 3.0%
 
 
 
Block, Inc. Class A (a)
 
1,089,644
62,818
Jio Financial Services Ltd.
 
3,002,705
8,477
MasterCard, Inc. Class A
 
326,543
134,745
One97 Communications Ltd. (a)
 
562,300
5,805
Rocket Companies, Inc. (a)(e)
 
1,051,700
11,232
 
 
 
223,077
Insurance - 1.5%
 
 
 
Arthur J. Gallagher & Co.
 
264,939
61,063
BRP Group, Inc. (a)
 
632,393
16,815
Marsh & McLennan Companies, Inc.
 
163,280
31,838
 
 
 
109,716
TOTAL FINANCIALS
 
 
435,594
HEALTH CARE - 15.3%
 
 
 
Biotechnology - 5.9%
 
 
 
2seventy bio, Inc. (a)
 
57,100
296
Adamas Pharmaceuticals, Inc.:
 
 
 
 rights (a)(c)
 
1,000,100
250
 rights (a)(c)
 
1,000,100
110
Affimed NV (a)
 
337,485
184
Alnylam Pharmaceuticals, Inc. (a)
 
237,876
47,057
Arcellx, Inc. (a)
 
42,000
1,505
Beam Therapeutics, Inc. (a)
 
45,900
1,064
Cytokinetics, Inc. (a)
 
138,100
4,825
Evelo Biosciences, Inc. (a)(e)
 
13,410
89
Galapagos NV sponsored ADR (a)
 
404,332
15,320
Gamida Cell Ltd. (a)
 
1,895,116
2,236
Gamida Cell Ltd. warrants 4/21/28 (a)
 
354,200
178
Genmab A/S (a)
 
29,000
11,111
Hookipa Pharma, Inc. (a)
 
669,700
439
Immunocore Holdings PLC ADR (a)
 
155,788
8,766
Insmed, Inc. (a)
 
637,949
13,965
Legend Biotech Corp. ADR (a)
 
158,800
11,014
Regeneron Pharmaceuticals, Inc. (a)
 
76,271
63,037
Repligen Corp. (a)
 
161,904
28,157
Rubius Therapeutics, Inc. (a)(e)
 
80,596
1
Seagen, Inc. (a)
 
308,512
63,575
Seres Therapeutics, Inc. (a)
 
235,000
811
Synlogic, Inc. (a)
 
647,800
317
Vertex Pharmaceuticals, Inc. (a)
 
449,496
156,577
Vor Biopharma, Inc. (a)
 
474,939
1,187
XOMA Corp. (a)
 
291,100
4,081
 
 
 
436,152
Health Care Equipment & Supplies - 1.6%
 
 
 
Axonics Modulation Technologies, Inc. (a)
 
117,800
6,750
Boston Scientific Corp. (a)
 
1,703,027
91,861
Inspire Medical Systems, Inc. (a)
 
32,800
7,442
Insulet Corp. (a)
 
5,000
959
Penumbra, Inc. (a)
 
48,840
12,918
 
 
 
119,930
Health Care Providers & Services - 2.0%
 
 
 
HealthEquity, Inc. (a)
 
1,010,431
68,255
Option Care Health, Inc. (a)
 
46,500
1,620
UnitedHealth Group, Inc.
 
169,388
80,727
 
 
 
150,602
Health Care Technology - 0.2%
 
 
 
Evolent Health, Inc. (b)
 
304,700
7,384
Simulations Plus, Inc. (e)
 
94,400
4,200
 
 
 
11,584
Life Sciences Tools & Services - 2.6%
 
 
 
Agilent Technologies, Inc.
 
58,400
7,070
Bio-Techne Corp.
 
240,535
18,858
Bruker Corp.
 
466,008
30,570
Charles River Laboratories International, Inc. (a)
 
115,751
23,940
Codexis, Inc. (a)
 
780,804
1,359
Danaher Corp.
 
136,839
36,262
Sartorius Stedim Biotech
 
95,363
27,103
Thermo Fisher Scientific, Inc.
 
81,856
45,602
 
 
 
190,764
Pharmaceuticals - 3.0%
 
 
 
Aclaris Therapeutics, Inc. (a)
 
156,900
1,174
AstraZeneca PLC sponsored ADR
 
573,017
38,862
Eli Lilly & Co.
 
302,868
167,849
Nuvation Bio, Inc. (a)
 
186,501
306
Revance Therapeutics, Inc. (a)
 
509,024
8,974
 
 
 
217,165
TOTAL HEALTH CARE
 
 
1,126,197
INDUSTRIALS - 13.2%
 
 
 
Aerospace & Defense - 0.3%
 
 
 
Spirit AeroSystems Holdings, Inc. Class A (e)
 
950,089
20,256
Electrical Equipment - 1.5%
 
 
 
Bloom Energy Corp. Class A (a)(e)
 
87,000
1,304
Eaton Corp. PLC
 
397,665
91,610
Hubbell, Inc. Class B
 
58,451
19,058
 
 
 
111,972
Ground Transportation - 3.6%
 
 
 
Uber Technologies, Inc. (a)
 
5,664,936
267,555
Industrial Conglomerates - 1.5%
 
 
 
General Electric Co.
 
939,071
107,486
Machinery - 2.1%
 
 
 
Energy Recovery, Inc. (a)
 
287,700
7,820
Ingersoll Rand, Inc.
 
1,084,978
75,525
Parker Hannifin Corp.
 
115,031
47,956
Westinghouse Air Brake Tech Co.
 
179,157
20,159
 
 
 
151,460
Passenger Airlines - 0.4%
 
 
 
Ryanair Holdings PLC sponsored ADR (a)
 
340,487
33,793
Professional Services - 2.9%
 
 
 
Equifax, Inc.
 
471,201
97,397
KBR, Inc.
 
1,284,240
79,006
TransUnion Holding Co., Inc.
 
423,522
34,398
 
 
 
210,801
Trading Companies & Distributors - 0.9%
 
 
 
Ferguson PLC
 
392,977
63,945
TOTAL INDUSTRIALS
 
 
967,268
INFORMATION TECHNOLOGY - 37.5%
 
 
 
Electronic Equipment, Instruments & Components - 1.3%
 
 
 
Flex Ltd. (a)
 
1,896,645
52,328
Jabil, Inc.
 
348,251
39,847
 
 
 
92,175
IT Services - 2.0%
 
 
 
Gartner, Inc. (a)
 
63,149
22,082
MongoDB, Inc. Class A (a)
 
205,507
78,360
Shopify, Inc. Class A (a)
 
450,778
29,972
Snowflake, Inc. (a)
 
125,082
19,619
 
 
 
150,033
Semiconductors & Semiconductor Equipment - 14.2%
 
 
 
Aixtron AG
 
705,438
26,849
Allegro MicroSystems LLC (a)
 
248,336
9,499
ASML Holding NV (depository receipt)
 
53,743
35,499
BE Semiconductor Industries NV
 
372,303
42,833
eMemory Technology, Inc.
 
36,000
2,051
KLA Corp.
 
86,832
43,578
Marvell Technology, Inc.
 
258,600
15,063
Monolithic Power Systems, Inc.
 
43,729
22,792
NVIDIA Corp.
 
1,211,166
597,771
NXP Semiconductors NV
 
290,038
59,667
Silicon Laboratories, Inc. (a)
 
7,020
947
SiTime Corp. (a)(e)
 
280,083
37,164
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR
 
1,166,712
109,169
Universal Display Corp.
 
254,023
41,294
 
 
 
1,044,176
Software - 15.6%
 
 
 
ASAPP, Inc. warrants 8/28/28 (a)(b)(c)
 
2,071,818
5,076
Confluent, Inc. (a)
 
1,180,707
39,070
HubSpot, Inc. (a)
 
101,254
55,337
Manhattan Associates, Inc. (a)
 
241,992
49,032
Microsoft Corp.
 
2,521,937
826,596
NICE Ltd. sponsored ADR (a)
 
124,131
24,181
Oracle Corp.
 
968,841
116,639
ServiceNow, Inc. (a)
 
42,513
25,033
Volue A/S (a)
 
1,207,600
2,595
 
 
 
1,143,559
Technology Hardware, Storage & Peripherals - 4.4%
 
 
 
Apple, Inc.
 
1,724,951
324,067
TOTAL INFORMATION TECHNOLOGY
 
 
2,754,010
MATERIALS - 0.0%
 
 
 
Chemicals - 0.0%
 
 
 
Aspen Aerogels, Inc. (a)(e)
 
510,800
3,111
UTILITIES - 0.0%
 
 
 
Independent Power and Renewable Electricity Producers - 0.0%
 
 
 
Brookfield Renewable Partners LP
 
82,400
2,095
 
TOTAL COMMON STOCKS
 (Cost $4,823,514)
 
 
 
7,258,434
 
 
 
 
Convertible Preferred Stocks - 0.2%
 
 
Shares
Value ($)
(000s)
 
HEALTH CARE - 0.0%
 
 
 
Biotechnology - 0.0%
 
 
 
ElevateBio LLC Series C (a)(b)(c)
 
111,100
463
INFORMATION TECHNOLOGY - 0.1%
 
 
 
Software - 0.1%
 
 
 
ASAPP, Inc.:
 
 
 
 Series C (a)(b)(c)
 
367,427
900
 Series D (b)(c)
 
3,611,038
8,847
 
 
 
9,747
MATERIALS - 0.1%
 
 
 
Metals & Mining - 0.1%
 
 
 
Illuminated Holdings, Inc.:
 
 
 
 Series C2 (a)(b)(c)
 
76,285
1,838
 Series C3 (a)(b)(c)
 
95,356
2,298
 Series C4 (a)(b)(c)
 
27,230
656
 Series C5 (a)(b)(c)
 
53,844
1,298
 
 
 
6,090
 
TOTAL CONVERTIBLE PREFERRED STOCKS
 (Cost $24,908)
 
 
 
16,300
 
 
 
 
Convertible Bonds - 0.0%
 
 
Principal
Amount (f)
(000s)
 
Value ($)
(000s)
 
MATERIALS - 0.0%
 
 
 
Metals & Mining - 0.0%
 
 
 
Illuminated Holdings, Inc. 0% (b)(c)(g)
 
  (Cost $1,619)
 
 
1,619
1,619
 
 
 
 
Money Market Funds - 1.4%
 
 
Shares
Value ($)
(000s)
 
Fidelity Cash Central Fund 5.43% (h)
 
70,898,177
70,912
Fidelity Securities Lending Cash Central Fund 5.44% (h)(i)
 
28,105,593
28,108
 
TOTAL MONEY MARKET FUNDS
 (Cost $99,020)
 
 
99,020
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 100.4%
 (Cost $4,949,061)
 
 
 
7,375,373
NET OTHER ASSETS (LIABILITIES) - (0.4)%  
(30,096)
NET ASSETS - 100.0%
7,345,277
 
 
 
Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.
 
Legend
 
(a)
Non-income producing
 
(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 $32,431,000 or 0.4% of net assets.
 
(c)
Level 3 security
 
(d)
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 $40,763,000 or 0.6% of net assets.
 
(e)
Security or a portion of the security is on loan at period end.
 
(f)
Amount is stated in United States dollars unless otherwise noted.
 
(g)
Security is perpetual in nature with no stated maturity date.
 
(h)
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.
 
(i)
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)
ASAPP, Inc. warrants 8/28/28
8/29/23
0
 
 
 
ASAPP, Inc. Series C
4/30/21
2,424
 
 
 
ASAPP, Inc. Series D
8/29/23
13,944
 
 
 
Blu Investments LLC
5/21/20
21
 
 
 
ElevateBio LLC Series C
3/09/21
466
 
 
 
Epic Games, Inc.
3/29/21
2,911
 
 
 
Evolent Health, Inc.
3/28/23
8,836
 
 
 
Illuminated Holdings, Inc. Series C2
7/07/20
1,907
 
 
 
Illuminated Holdings, Inc. Series C3
7/07/20
2,861
 
 
 
Illuminated Holdings, Inc. Series C4
1/08/21
980
 
 
 
Illuminated Holdings, Inc. Series C5
6/16/21
2,326
 
 
 
Illuminated Holdings, Inc. 0%
6/14/23
1,619
 
 
 
 
 
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 5.43%
121,727
1,677,153
1,727,968
4,258
-
-
70,912
0.2%
Fidelity Securities Lending Cash Central Fund 5.44%
30,152
324,190
326,234
574
-
-
28,108
0.1%
Total
151,879
2,001,343
2,054,202
4,832
-
-
99,020
 
 
 
 
 
 
 
 
 
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
Amounts in the dividend income column 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:
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 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 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.
 
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. Convertible Bonds 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.
 
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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