Nonconvertible Bonds - 31.1%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
COMMUNICATION SERVICES - 3.4%
|
|||
Diversified Telecommunication Services - 1.6%
|
|||
AT&T, Inc. 4.25% 3/1/27
|
400,000
|
442,544
|
|
Verizon Communications, Inc. 3% 3/22/27
|
78,000
|
82,359
|
|
524,903
|
|||
Entertainment - 1.0%
|
|||
The Walt Disney Co. 1.75% 1/13/26
|
306,000
|
308,364
|
|
Media - 0.8%
|
|||
Comcast Corp. 3.95% 10/15/25
|
225,000
|
245,315
|
|
TOTAL COMMUNICATION SERVICES
|
1,078,582
|
||
CONSUMER DISCRETIONARY - 1.2%
|
|||
Automobiles - 1.2%
|
|||
General Motors Financial Co., Inc. 1.05% 3/8/24
|
18,000
|
17,884
|
|
Toyota Motor Corp. 3.419% 7/20/23
|
355,000
|
371,087
|
|
388,971
|
|||
CONSUMER STAPLES - 1.0%
|
|||
Tobacco - 1.0%
|
|||
BAT Capital Corp. 4.7% 4/2/27
|
301,000
|
332,061
|
|
ENERGY - 4.8%
|
|||
Oil, Gas & Consumable Fuels - 4.8%
|
|||
Canadian Natural Resources Ltd. 2.05% 7/15/25
|
315,000
|
318,321
|
|
ConocoPhillips Co. 4.95% 3/15/26
|
300,000
|
339,013
|
|
Energy Transfer LP 4.2% 9/15/23
|
73,000
|
76,497
|
|
Exxon Mobil Corp. 2.992% 3/19/25
|
210,000
|
221,173
|
|
MPLX LP:
|
|||
4% 3/15/28
|
60,000
|
65,212
|
|
4.5% 7/15/23
|
350,000
|
365,981
|
|
Phillips 66 Co. 3.7% 4/6/23
|
118,000
|
122,340
|
|
1,508,537
|
|||
FINANCIALS - 15.5%
|
|||
Banks - 11.2%
|
|||
Bank of America Corp. 3.458% 3/15/25 (b)
|
393,000
|
411,637
|
|
Citigroup, Inc. 3.106% 4/8/26 (b)
|
350,000
|
366,901
|
|
Fifth Third Bancorp 3.65% 1/25/24
|
168,000
|
176,704
|
|
Huntington Bancshares, Inc. 2.625% 8/6/24
|
450,000
|
465,495
|
|
JPMorgan Chase & Co.:
|
|||
0.824% 6/1/25 (b)
|
63,000
|
62,248
|
|
1.47% 9/22/27 (b)
|
80,000
|
78,469
|
|
3.54% 5/1/28 (b)
|
350,000
|
375,750
|
|
National Australia Bank Ltd. 2.875% 4/12/23
|
468,000
|
482,649
|
|
NatWest Group PLC 4.269% 3/22/25 (b)
|
200,000
|
212,624
|
|
PNC Financial Services Group, Inc. 3.5% 1/23/24
|
200,000
|
210,061
|
|
Sumitomo Mitsui Financial Group, Inc. 2.696% 7/16/24
|
500,000
|
518,796
|
|
Wells Fargo & Co. 2.188% 4/30/26 (b)
|
176,000
|
179,714
|
|
3,541,048
|
|||
Capital Markets - 1.5%
|
|||
Intercontinental Exchange, Inc. 3.75% 9/21/28
|
125,000
|
137,762
|
|
Morgan Stanley 3.591% 7/22/28 (b)
|
300,000
|
322,733
|
|
460,495
|
|||
Consumer Finance - 0.5%
|
|||
Capital One Financial Corp. 1.878% 11/2/27 (b)
|
100,000
|
99,444
|
|
Hyundai Capital America 1% 9/17/24 (c)
|
74,000
|
73,023
|
|
172,467
|
|||
Diversified Financial Services - 0.2%
|
|||
Athene Global Funding 1.73% 10/2/26 (c)
|
73,000
|
71,621
|
|
Insurance - 2.1%
|
|||
American International Group, Inc. 2.5% 6/30/25
|
573,000
|
592,891
|
|
Equitable Financial Life Global Funding 1.7% 11/12/26 (c)
|
49,000
|
48,550
|
|
RGA Global Funding 2% 11/30/26 (c)
|
30,000
|
30,167
|
|
671,608
|
|||
TOTAL FINANCIALS
|
4,917,239
|
||
HEALTH CARE - 0.6%
|
|||
Health Care Providers & Services - 0.4%
|
|||
CVS Health Corp. 4.3% 3/25/28
|
110,000
|
123,857
|
|
Pharmaceuticals - 0.2%
|
|||
AstraZeneca Finance LLC 0.7% 5/28/24
|
60,000
|
59,393
|
|
TOTAL HEALTH CARE
|
183,250
|
||
INDUSTRIALS - 2.6%
|
|||
Aerospace & Defense - 1.4%
|
|||
Raytheon Technologies Corp. 3.95% 8/16/25
|
116,000
|
125,745
|
|
The Boeing Co. 1.95% 2/1/24
|
307,000
|
311,249
|
|
436,994
|
|||
Industrial Conglomerates - 0.2%
|
|||
Roper Technologies, Inc. 1% 9/15/25
|
76,000
|
74,222
|
|
Road & Rail - 0.1%
|
|||
Canadian Pacific Railway Co. 1.75% 12/2/26 (d)
|
17,000
|
17,010
|
|
Trading Companies & Distributors - 0.9%
|
|||
Air Lease Corp.:
|
|||
2.25% 1/15/23
|
175,000
|
177,715
|
|
3.25% 3/1/25
|
97,000
|
101,051
|
|
278,766
|
|||
TOTAL INDUSTRIALS
|
806,992
|
||
REAL ESTATE - 1.3%
|
|||
Equity Real Estate Investment Trusts (REITs) - 1.3%
|
|||
Crown Castle International Corp. 3.15% 7/15/23
|
399,000
|
412,594
|
|
UTILITIES - 0.7%
|
|||
Electric Utilities - 0.1%
|
|||
Eversource Energy 0.8% 8/15/25
|
43,000
|
41,909
|
|
Independent Power and Renewable Electricity Producers - 0.6%
|
|||
Exelon Generation Co. LLC 3.25% 6/1/25
|
178,000
|
187,066
|
|
TOTAL UTILITIES
|
228,975
|
||
TOTAL NONCONVERTIBLE BONDS
(Cost $9,909,498)
|
9,857,201
|
||
U.S. Treasury Obligations - 38.5%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
U.S. Treasury Notes:
|
|||
0.125% 8/15/23
|
2,019,900
|
2,008,301
|
|
0.25% 5/15/24
|
952,900
|
942,292
|
|
0.25% 7/31/25
|
1,350,000
|
1,313,561
|
|
0.625% 10/15/24
|
1,500,000
|
1,492,500
|
|
0.75% 3/31/26
|
3,447,400
|
3,395,818
|
|
1.125% 10/31/26
|
1,500,000
|
1,497,891
|
|
1.25% 9/30/28
|
200,000
|
198,531
|
|
1.375% 11/30/28
|
250,000
|
252,188
|
|
1.375% 11/15/31
|
637,000
|
633,118
|
|
2% 2/15/25
|
391,700
|
405,256
|
|
2.125% 3/31/24
|
50,700
|
52,413
|
|
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $12,266,532)
|
12,191,869
|
||
U.S. Government Agency - Mortgage Securities - 12.8%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Fannie Mae - 10.0%
|
|||
2.5% 7/1/31
|
630,738
|
655,329
|
|
3% 8/1/32
|
1,056,070
|
1,108,074
|
|
3% 2/1/33
|
122,631
|
128,669
|
|
3% 2/1/33
|
743,901
|
780,766
|
|
3% 12/1/36
|
476,162
|
500,358
|
|
TOTAL FANNIE MAE
|
3,173,196
|
||
Freddie Mac - 2.8%
|
|||
3% 7/1/32
|
743,406
|
780,275
|
|
3% 3/1/33
|
96,247
|
100,957
|
|
TOTAL FREDDIE MAC
|
881,232
|
||
TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES
(Cost $4,073,512)
|
4,054,428
|
||
Asset-Backed Securities - 5.8%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
American Express Credit Account Master Trust Series 2021-1 Class A, 0.9% 11/16/26
|
100,000
|
99,557
|
|
Bank of America Credit Card Master Trust Series 2021-A1 Class A1, 0.44% 9/15/26
|
80,000
|
79,012
|
|
Capital One Multi-Asset Execution Trust Series 2021-A3 Class A3, 1.04% 11/16/26
|
97,000
|
96,996
|
|
Discover Card Execution Note Trust Series 2021-A1 Class A1, 0.58% 9/15/26
|
80,000
|
78,971
|
|
Ford Credit Auto Owner Trust Series 2021-A Class A3, 0.3% 8/15/25
|
500,000
|
497,087
|
|
Honda Auto Receivables Owner Trust Series 2021-1 Class A3, 0.27% 4/21/25
|
825,000
|
820,666
|
|
Verizon Master Trust:
|
|||
Series 2021-1 Class A, 0.5% 5/20/27
|
59,000
|
58,384
|
|
Series 2021-2 Class A, 0.99% 4/20/28
|
90,000
|
89,735
|
|
TOTAL ASSET-BACKED SECURITIES
(Cost $1,828,666)
|
1,820,408
|
||
Commercial Mortgage Securities - 5.9%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
BX Commercial Mortgage Trust floater Series 2021-PAC Class A, 1 month U.S. LIBOR + 0.680% 0.7791% 10/15/36 (b)(c)(e)
|
100,000
|
99,719
|
|
BX Trust floater:
|
|||
Series 2021-ACNT Class A, 1 month U.S. LIBOR + 0.850% 0.95% 11/15/26 (b)(c)(e)
|
100,000
|
99,751
|
|
Series 2021-BXMF Class A, 1 month U.S. LIBOR + 0.630% 0.7259% 10/15/26 (b)(c)(e)
|
100,000
|
99,223
|
|
CSAIL Commercial Mortgage Trust Series 2017-CX9 Class A2, 3.0538% 9/15/50
|
250,000
|
252,943
|
|
ELP Commercial Mortgage Trust floater Series 2021-ELP Class A, 1 month U.S. LIBOR + 0.700% 0.801% 11/15/38 (b)(c)(e)
|
100,000
|
99,531
|
|
GS Mortgage Securities Trust sequential payer:
|
|||
Series 2015-GC28 Class AAB, 3.206% 2/10/48
|
146,596
|
151,283
|
|
Series 2015-GC32 Class AAB, 3.513% 7/10/48
|
447,148
|
465,046
|
|
SREIT Trust floater Series 2021-MFP Class A, 1 month U.S. LIBOR + 0.730% 0.8308% 11/15/38 (b)(c)(e)
|
100,000
|
99,427
|
|
Wells Fargo Commercial Mortgage Trust sequential payer Series 2015-C27 Class ASB, 3.278% 2/15/48
|
485,167
|
501,807
|
|
TOTAL COMMERCIAL MORTGAGE SECURITIES
(Cost $1,887,331)
|
1,868,730
|
||
Bank Notes - 1.6%
|
|||
Principal
Amount (a)
|
Value ($)
|
||
Truist Bank 3% 2/2/23
(Cost $513,938)
|
500,000
|
512,420
|
|
Money Market Funds - 2.8%
|
|||
Shares
|
Value ($)
|
||
Fidelity Cash Central Fund 0.06% (f)
(Cost $880,863)
|
880,686
|
880,863
|
|
TOTAL INVESTMENT IN SECURITIES - 98.5%
(Cost $31,360,340)
|
31,185,919
|
NET OTHER ASSETS (LIABILITIES) - 1.5%
|
469,091
|
NET ASSETS - 100.0%
|
31,655,010
|
(a)
|
Amount is stated in United States dollars unless otherwise noted.
|
(b)
|
Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
|
(c)
|
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 $721,012 or 2.3% of net assets.
|
(d)
|
Security or a portion of the security purchased on a delayed delivery or when-issued basis.
|
(e)
|
Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
|
(f)
|
Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.
|
Affiliate
|
Value,
beginning
of period ($)
|
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 0.06%
|
950,803
|
2,256,363
|
2,326,303
|
68
|
-
|
-
|
880,863
|
0.0%
|
Fidelity Securities Lending Cash Central Fund 0.07%
|
-
|
443,085
|
443,085
|
-
|
-
|
-
|
-
|
0.0%
|
Total
|
950,803
|
2,699,448
|
2,769,388
|
68
|
-
|
-
|
880,863
|