NPORT-EX 2 QTLY_6956_20240131.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Series Small Cap Core Fund
January 31, 2024
SCC-NPRT3-0324
1.9906195.101
Common Stocks - 93.6%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 1.9%
 
 
 
Diversified Telecommunication Services - 0.5%
 
 
 
Cogent Communications Group, Inc.
 
9,327
720,044
Interactive Media & Services - 1.2%
 
 
 
IAC, Inc. (a)
 
9,348
469,363
QuinStreet, Inc. (a)
 
48,837
618,765
Ziff Davis, Inc. (a)
 
10,606
714,844
 
 
 
1,802,972
Wireless Telecommunication Services - 0.2%
 
 
 
Gogo, Inc. (a)
 
39,030
345,416
TOTAL COMMUNICATION SERVICES
 
 
2,868,432
CONSUMER DISCRETIONARY - 8.8%
 
 
 
Automobile Components - 0.9%
 
 
 
Adient PLC (a)
 
4,294
149,045
Gentherm, Inc. (a)
 
9,315
448,517
LCI Industries
 
6,531
726,770
 
 
 
1,324,332
Diversified Consumer Services - 2.5%
 
 
 
Adtalem Global Education, Inc. (a)
 
5,295
267,292
European Wax Center, Inc. (a)(b)
 
35,321
524,164
Grand Canyon Education, Inc. (a)
 
8,083
1,055,559
Laureate Education, Inc. Class A
 
69,505
877,153
OneSpaWorld Holdings Ltd. (a)
 
71,520
974,818
 
 
 
3,698,986
Hotels, Restaurants & Leisure - 1.2%
 
 
 
Aramark
 
32,514
945,507
Bowlero Corp. Class A (b)
 
46,758
505,454
El Pollo Loco Holdings, Inc. (a)
 
27,745
256,919
Noodles & Co. (a)
 
12,741
32,362
Red Rock Resorts, Inc.
 
1,628
89,019
 
 
 
1,829,261
Household Durables - 1.4%
 
 
 
Cavco Industries, Inc. (a)
 
1,778
590,154
LGI Homes, Inc. (a)
 
4,413
520,778
SharkNinja Hong Kong Co. Ltd.
 
7,460
348,531
TopBuild Corp. (a)
 
1,895
699,501
 
 
 
2,158,964
Leisure Products - 0.6%
 
 
 
Brunswick Corp.
 
10,681
861,743
Specialty Retail - 2.0%
 
 
 
Academy Sports & Outdoors, Inc.
 
3,210
201,363
America's Car Mart, Inc. (a)
 
1,327
80,801
Camping World Holdings, Inc. (b)
 
26,213
651,393
Dick's Sporting Goods, Inc.
 
912
135,952
Lithia Motors, Inc. Class A (sub. vtg.)
 
1,870
551,370
Murphy U.S.A., Inc.
 
2,807
989,524
Victoria's Secret & Co. (a)
 
16,511
430,112
 
 
 
3,040,515
Textiles, Apparel & Luxury Goods - 0.2%
 
 
 
Deckers Outdoor Corp. (a)
 
123
92,709
Rocky Brands, Inc.
 
4,564
127,701
 
 
 
220,410
TOTAL CONSUMER DISCRETIONARY
 
 
13,134,211
CONSUMER STAPLES - 3.3%
 
 
 
Beverages - 0.3%
 
 
 
Primo Water Corp.
 
35,351
515,418
Consumer Staples Distribution & Retail - 1.2%
 
 
 
Performance Food Group Co. (a)
 
11,518
837,128
Sprouts Farmers Market LLC (a)
 
18,251
919,303
 
 
 
1,756,431
Food Products - 0.7%
 
 
 
SunOpta, Inc. (a)
 
36,828
219,127
The Simply Good Foods Co. (a)
 
4,144
156,643
TreeHouse Foods, Inc. (a)
 
16,675
702,018
 
 
 
1,077,788
Household Products - 0.5%
 
 
 
Spectrum Brands Holdings, Inc.
 
8,592
675,503
Personal Care Products - 0.6%
 
 
 
BellRing Brands, Inc. (a)
 
14,727
813,961
TOTAL CONSUMER STAPLES
 
 
4,839,101
ENERGY - 5.6%
 
 
 
Energy Equipment & Services - 2.7%
 
 
 
Cactus, Inc.
 
7,067
299,923
Liberty Oilfield Services, Inc. Class A
 
59,834
1,243,949
Oceaneering International, Inc. (a)
 
65,234
1,355,563
TechnipFMC PLC
 
58,292
1,127,367
 
 
 
4,026,802
Oil, Gas & Consumable Fuels - 2.9%
 
 
 
California Resources Corp.
 
11,499
548,272
Chord Energy Corp.
 
8,834
1,358,316
Golar LNG Ltd.
 
23,908
521,433
National Energy Services Reunited Corp. (a)
 
34,556
255,714
Northern Oil & Gas, Inc.
 
20,285
679,548
Range Resources Corp.
 
28,135
817,040
Sitio Royalties Corp.
 
8,821
188,152
 
 
 
4,368,475
TOTAL ENERGY
 
 
8,395,277
FINANCIALS - 18.2%
 
 
 
Banks - 11.0%
 
 
 
Associated Banc-Corp.
 
43,978
923,978
Byline Bancorp, Inc.
 
25,742
562,205
Cadence Bank
 
60,206
1,602,684
Camden National Corp.
 
4,323
155,758
ConnectOne Bancorp, Inc.
 
20,540
469,134
East West Bancorp, Inc.
 
10,498
764,359
Eastern Bankshares, Inc.
 
66,105
922,826
First Foundation, Inc.
 
2,239
21,315
First Interstate Bancsystem, Inc.
 
39,977
1,100,167
FNB Corp., Pennsylvania
 
71,890
947,510
Glacier Bancorp, Inc.
 
17,049
659,114
Hanmi Financial Corp.
 
34,427
576,652
Independent Bank Corp.
 
26,093
663,806
Independent Bank Group, Inc.
 
1,755
84,854
International Bancshares Corp.
 
7,348
388,415
Orrstown Financial Services, Inc.
 
9,248
255,985
Pinnacle Financial Partners, Inc.
 
8,545
755,207
Popular, Inc.
 
863
73,743
United Community Bank, Inc.
 
37,184
1,016,611
Univest Corp. of Pennsylvania
 
10,437
221,682
Webster Financial Corp.
 
26,051
1,289,003
Western Alliance Bancorp.
 
21,735
1,390,171
Wintrust Financial Corp.
 
16,181
1,569,233
 
 
 
16,414,412
Capital Markets - 1.8%
 
 
 
Patria Investments Ltd.
 
3,354
47,862
Perella Weinberg Partners Class A
 
18,988
223,109
Piper Jaffray Companies
 
4,821
836,395
PJT Partners, Inc.
 
7,442
715,697
Stifel Financial Corp.
 
11,155
813,757
 
 
 
2,636,820
Consumer Finance - 1.4%
 
 
 
FirstCash Holdings, Inc.
 
16,570
1,901,739
NerdWallet, Inc. (a)
 
16,985
260,040
 
 
 
2,161,779
Financial Services - 2.2%
 
 
 
Essent Group Ltd.
 
4,069
224,446
Federal Agricultural Mortgage Corp. Class C (non-vtg.)
 
2,315
431,261
Flywire Corp. (a)
 
35,680
762,482
NMI Holdings, Inc. (a)
 
27,829
888,302
Shift4 Payments, Inc. (a)
 
7,487
537,641
Walker & Dunlop, Inc.
 
4,134
399,303
 
 
 
3,243,435
Insurance - 1.1%
 
 
 
BRP Group, Inc. (a)
 
13,263
297,622
Selective Insurance Group, Inc.
 
6,953
729,092
White Mountains Insurance Group Ltd.
 
405
638,268
 
 
 
1,664,982
Mortgage Real Estate Investment Trusts - 0.7%
 
 
 
Redwood Trust, Inc.
 
150,603
1,010,546
TOTAL FINANCIALS
 
 
27,131,974
HEALTH CARE - 15.8%
 
 
 
Biotechnology - 6.6%
 
 
 
Apogee Therapeutics, Inc.
 
2,433
81,506
Arcellx, Inc. (a)
 
11,962
739,730
Blueprint Medicines Corp. (a)
 
14,969
1,190,485
Celldex Therapeutics, Inc. (a)
 
21,357
752,194
Crinetics Pharmaceuticals, Inc. (a)
 
16,716
609,800
Cytokinetics, Inc. (a)
 
15,213
1,188,592
Day One Biopharmaceuticals, Inc. (a)
 
52,136
784,647
Keros Therapeutics, Inc. (a)
 
2,255
124,837
Madrigal Pharmaceuticals, Inc. (a)(b)
 
2,883
624,775
Moonlake Immunotherapeutics (a)
 
6,182
345,450
Natera, Inc. (a)
 
17,144
1,130,475
PTC Therapeutics, Inc. (a)
 
11,383
296,982
Repligen Corp. (a)
 
3,157
597,936
Spyre Therapeutics, Inc. (a)
 
2,208
57,209
Vaxcyte, Inc. (a)
 
3,376
241,114
Verve Therapeutics, Inc. (a)(b)
 
25,170
272,339
Viridian Therapeutics, Inc. (a)
 
5,883
113,248
Xenon Pharmaceuticals, Inc. (a)
 
15,779
713,526
Zentalis Pharmaceuticals, Inc. (a)
 
5,235
62,035
 
 
 
9,926,880
Health Care Equipment & Supplies - 4.1%
 
 
 
Axonics, Inc. (a)
 
12,886
874,702
Glaukos Corp. (a)
 
9,626
857,003
Inspire Medical Systems, Inc. (a)
 
3,746
789,919
iRhythm Technologies, Inc. (a)
 
7,075
847,444
Masimo Corp. (a)
 
5,246
676,419
Merit Medical Systems, Inc. (a)
 
12,823
1,004,041
RxSight, Inc. (a)
 
4,961
225,775
TransMedics Group, Inc. (a)
 
9,665
828,967
ViewRay, Inc. (a)
 
34,227
0
 
 
 
6,104,270
Health Care Providers & Services - 2.4%
 
 
 
Acadia Healthcare Co., Inc. (a)
 
11,035
906,415
LifeStance Health Group, Inc. (a)
 
74,977
448,362
Privia Health Group, Inc. (a)
 
23,817
480,151
Surgery Partners, Inc. (a)
 
25,639
786,861
The Ensign Group, Inc.
 
8,760
991,807
 
 
 
3,613,596
Health Care Technology - 0.4%
 
 
 
Phreesia, Inc. (a)
 
21,501
547,845
Pharmaceuticals - 2.3%
 
 
 
Arvinas Holding Co. LLC (a)
 
29,215
1,212,423
Axsome Therapeutics, Inc. (a)(b)
 
11,097
999,063
CymaBay Therapeutics, Inc. (a)
 
27,939
656,846
Enliven Therapeutics, Inc. (a)
 
3,921
61,560
Verona Pharma PLC ADR (a)
 
25,390
465,907
 
 
 
3,395,799
TOTAL HEALTH CARE
 
 
23,588,390
INDUSTRIALS - 15.3%
 
 
 
Aerospace & Defense - 2.0%
 
 
 
AerSale Corp. (a)
 
45,345
421,709
Cadre Holdings, Inc.
 
26,362
896,044
Kratos Defense & Security Solutions, Inc. (a)
 
45,086
763,306
Spirit AeroSystems Holdings, Inc. Class A (a)
 
20,820
571,717
V2X, Inc. (a)
 
7,776
302,409
 
 
 
2,955,185
Building Products - 0.5%
 
 
 
UFP Industries, Inc.
 
6,948
788,251
Commercial Services & Supplies - 1.4%
 
 
 
ACV Auctions, Inc. Class A (a)
 
35,987
466,751
The Brink's Co.
 
16,395
1,325,372
VSE Corp.
 
4,139
257,073
 
 
 
2,049,196
Construction & Engineering - 1.5%
 
 
 
Bowman Consulting Group Ltd. (a)(b)
 
4,580
143,858
Comfort Systems U.S.A., Inc.
 
3,450
750,272
Construction Partners, Inc. Class A (a)
 
2,328
105,924
EMCOR Group, Inc.
 
2,611
595,595
Granite Construction, Inc.
 
12,669
571,499
Sterling Construction Co., Inc. (a)
 
1,875
140,813
 
 
 
2,307,961
Electrical Equipment - 2.0%
 
 
 
Atkore, Inc.
 
6,794
1,036,289
Fluence Energy, Inc. (a)(b)
 
17,065
339,082
Nextracker, Inc. Class A
 
18,495
837,269
Shoals Technologies Group, Inc. (a)
 
55,301
728,314
 
 
 
2,940,954
Ground Transportation - 0.4%
 
 
 
Saia, Inc. (a)
 
1,392
627,207
Machinery - 2.4%
 
 
 
Columbus McKinnon Corp. (NY Shares)
 
1,647
64,348
Crane Co.
 
7,582
941,002
Federal Signal Corp.
 
17,492
1,346,534
Hillenbrand, Inc.
 
2,430
113,165
ITT, Inc.
 
3,635
439,035
Terex Corp.
 
12,157
746,805
 
 
 
3,650,889
Professional Services - 3.1%
 
 
 
ASGN, Inc. (a)
 
13,360
1,240,075
Concentrix Corp.
 
5,424
482,031
CRA International, Inc.
 
4,544
487,299
ICF International, Inc.
 
7,549
1,049,613
Maximus, Inc.
 
1,796
145,692
TrueBlue, Inc. (a)
 
27,114
373,631
WNS Holdings Ltd. sponsored ADR (a)
 
11,883
824,086
 
 
 
4,602,427
Trading Companies & Distributors - 2.0%
 
 
 
Applied Industrial Technologies, Inc.
 
7,996
1,410,974
Beacon Roofing Supply, Inc. (a)
 
6,217
515,327
FTAI Aviation Ltd.
 
18,260
985,127
 
 
 
2,911,428
TOTAL INDUSTRIALS
 
 
22,833,498
INFORMATION TECHNOLOGY - 12.9%
 
 
 
Communications Equipment - 0.1%
 
 
 
Lumentum Holdings, Inc. (a)
 
3,430
188,444
Electronic Equipment, Instruments & Components - 2.5%
 
 
 
Advanced Energy Industries, Inc.
 
6,966
725,718
Coherent Corp. (a)
 
18,596
884,054
Crane Nxt Co.
 
12,335
718,884
Napco Security Technologies, Inc.
 
21,835
758,766
TTM Technologies, Inc. (a)
 
40,001
556,414
 
 
 
3,643,836
IT Services - 1.3%
 
 
 
Digitalocean Holdings, Inc. (a)(b)
 
16,546
557,931
Fastly, Inc. Class A (a)
 
28,333
570,060
Perficient, Inc. (a)
 
11,426
778,453
 
 
 
1,906,444
Semiconductors & Semiconductor Equipment - 4.0%
 
 
 
Cirrus Logic, Inc. (a)
 
7,604
587,029
Diodes, Inc. (a)
 
4,891
329,262
Ichor Holdings Ltd. (a)
 
19,871
719,330
Impinj, Inc. (a)
 
319
30,937
MACOM Technology Solutions Holdings, Inc. (a)
 
10,024
864,370
MKS Instruments, Inc.
 
4,413
469,764
Nova Ltd. (a)
 
4,466
646,721
Onto Innovation, Inc. (a)
 
2,662
429,913
SiTime Corp. (a)
 
7,234
770,927
SMART Global Holdings, Inc. (a)
 
33,858
665,310
Synaptics, Inc. (a)
 
4,178
446,252
Ultra Clean Holdings, Inc. (a)
 
1,727
65,971
 
 
 
6,025,786
Software - 5.0%
 
 
 
BlackLine, Inc. (a)
 
14,893
873,921
MicroStrategy, Inc. Class A (a)
 
920
461,113
PROS Holdings, Inc. (a)
 
4,392
151,173
Qualys, Inc. (a)
 
6,032
1,141,073
Rapid7, Inc. (a)
 
18,505
1,018,330
Telos Corp. (a)
 
27,878
112,627
Tenable Holdings, Inc. (a)
 
30,016
1,413,754
Varonis Systems, Inc. (a)
 
32,190
1,444,687
Workiva, Inc. (a)
 
9,271
861,647
 
 
 
7,478,325
TOTAL INFORMATION TECHNOLOGY
 
 
19,242,835
MATERIALS - 4.0%
 
 
 
Chemicals - 2.2%
 
 
 
Element Solutions, Inc.
 
29,344
652,317
Methanex Corp.
 
7,528
333,641
Olin Corp.
 
10,759
560,221
Quaker Houghton
 
4,511
856,819
The Chemours Co. LLC
 
21,702
654,749
Tronox Holdings PLC
 
9,172
126,482
 
 
 
3,184,229
Construction Materials - 0.6%
 
 
 
Eagle Materials, Inc.
 
4,096
926,843
Containers & Packaging - 0.5%
 
 
 
Graphic Packaging Holding Co.
 
29,647
756,295
Metals & Mining - 0.7%
 
 
 
ATI, Inc. (a)
 
22,734
929,139
Constellium NV (a)
 
7,410
138,938
 
 
 
1,068,077
TOTAL MATERIALS
 
 
5,935,444
REAL ESTATE - 5.8%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 4.6%
 
 
 
Apple Hospitality (REIT), Inc.
 
43,081
691,881
Armada Hoffler Properties, Inc. (b)
 
48,165
576,053
Douglas Emmett, Inc.
 
49,123
665,617
Four Corners Property Trust, Inc.
 
31,058
727,068
LXP Industrial Trust (REIT)
 
99,993
908,936
Outfront Media, Inc.
 
29,954
390,001
Plymouth Industrial REIT, Inc.
 
35,794
792,479
Postal Realty Trust, Inc.
 
16,259
229,252
RLJ Lodging Trust
 
36,217
419,393
Ryman Hospitality Properties, Inc.
 
5,176
568,842
Urban Edge Properties
 
48,177
832,017
 
 
 
6,801,539
Real Estate Management & Development - 1.2%
 
 
 
Cushman & Wakefield PLC (a)
 
109,066
1,147,374
Jones Lang LaSalle, Inc. (a)
 
3,893
689,295
 
 
 
1,836,669
TOTAL REAL ESTATE
 
 
8,638,208
UTILITIES - 2.0%
 
 
 
Electric Utilities - 0.9%
 
 
 
Allete, Inc.
 
15,793
933,524
IDACORP, Inc.
 
4,469
413,740
 
 
 
1,347,264
Gas Utilities - 0.8%
 
 
 
Brookfield Infrastructure Corp. A Shares
 
17,286
605,183
New Jersey Resources Corp.
 
14,200
579,786
 
 
 
1,184,969
Independent Power and Renewable Electricity Producers - 0.3%
 
 
 
Brookfield Renewable Corp.
 
16,532
461,573
TOTAL UTILITIES
 
 
2,993,806
 
TOTAL COMMON STOCKS
 (Cost $137,876,587)
 
 
 
139,601,176
 
 
 
 
Money Market Funds - 1.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 5.39% (c)
 
477,304
477,399
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)
 
991,226
991,325
 
TOTAL MONEY MARKET FUNDS
 (Cost $1,468,724)
 
 
1,468,724
 
 
 
 
Equity Funds - 4.9%
 
 
Shares
Value ($)
 
Small Blend Funds - 4.9%
 
 
 
iShares Russell 2000 Index ETF
  (Cost $7,343,498)
 
38,000
7,329,436
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.5%
 (Cost $146,688,809)
 
 
 
148,399,336
NET OTHER ASSETS (LIABILITIES) - 0.5%  
790,231
NET ASSETS - 100.0%
149,189,567
 
 
Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
Legend
 
(a)
Non-income producing
 
(b)
Security or a portion of the security is on loan at period end.
 
(c)
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.
 
(d)
Investment made with cash collateral received from securities on loan.
 
 
 
 
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 5.39%
37,469
29,055,032
28,615,102
21,013
-
-
477,399
0.0%
Fidelity Securities Lending Cash Central Fund 5.39%
-
1,291,042
299,717
1,161
-
-
991,325
0.0%
Total
37,469
30,346,074
28,914,819
22,174
-
-
1,468,724
 
 
 
 
 
 
 
 
 
 
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.
 
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.
 
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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