Quarterly Holdings Report
for
Fidelity Asset Manager® 30%
June 30, 2025
TAN-NPRT3-0825
1.849901.117
Bond Funds - 49.1%
 
  
Shares
Value ($)
 
Fidelity Emerging Markets Debt Local Currency Central Fund (b)
  
228,464
21,091,754
Fidelity Floating Rate Central Fund (b)
  
156,637
15,099,818
Fidelity High Income Central Fund (b)
  
365,096
39,883,099
Fidelity Inflation-Protected Bond Index Central Fund (b)
  
537,804
49,166,031
Fidelity International Credit Central Fund (b)
  
61,302
5,081,904
Fidelity Investment Grade Bond Central Fund (b)
  
8,344,129
824,566,792
iShares 20+ Year Treasury Bond ETF
 
283,055
24,979,604
 
TOTAL BOND FUNDS
 (Cost $1,034,611,104)
  
  
979,869,002
 
  
  
  
Domestic Equity Funds - 23.3%
 
  
Shares
Value ($)
 
Fidelity Blue Chip Growth ETF (c)
  
576,122
27,792,125
Fidelity Commodity Strategy Central Fund (b)
  
147,425
13,713,459
Fidelity Enhanced Large Cap Value ETF (c)
  
187,257
5,949,155
Fidelity Enhanced Mid Cap ETF (c)
  
306,184
10,537,231
Fidelity Enhanced Small Cap ETF (c)
  
911,378
29,154,982
Fidelity Fundamental Small-Mid Cap ETF (c)
  
456,307
12,406,987
Fidelity Hedged Equity ETF (c)
  
731,942
21,094,568
Fidelity Managed Futures ETF (c)
  
99,205
5,009,853
Fidelity Real Estate Equity Central Fund (b)
  
31,394
4,198,336
Fidelity U.S. Equity Central Fund (b)
  
2,333,256
334,518,974
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $241,344,240)
  
  
464,375,670
 
  
  
  
International Equity Funds - 14.8%
 
  
Shares
Value ($)
 
Fidelity Emerging Markets Equity Central Fund (b)
  
390,091
96,801,029
Fidelity International Equity Central Fund (b)
  
1,634,992
199,109,351
 
TOTAL INTERNATIONAL EQUITY FUNDS
 (Cost $202,315,331)
  
  
295,910,380
 
  
  
  
Short-Term Funds - 5.2%
 
  
Shares
Value ($)
 
Fidelity Low Duration Bond ETF (c)(d)
 (Cost $102,291,436)
  
2,040,024
102,919,211
 
  
  
  
U.S. Treasury Obligations - 0.2%
 
  
Yield (%) (e)
Principal
Amount (a)
 
Value ($)
 
US Treasury Bills 0% 7/10/2025 (f)
  
4.25 to 4.26
2,580,000
2,577,296
US Treasury Bills 0% 7/17/2025 (f)
  
4.23 to 4.25
1,140,000
1,137,902
US Treasury Bills 0% 7/24/2025 (f)
  
4.24
130,000
129,654
US Treasury Bills 0% 7/3/2025 (f)
  
4.18 to 4.25
1,440,000
1,439,665
US Treasury Bills 0% 9/18/2025 (f)
  
4.26
360,000
356,667
US Treasury Bills 0% 9/25/2025 (f)
  
4.23 to 4.26
180,000
178,198
US Treasury Bills 0% 9/4/2025 (f)
  
4.28
60,000
59,539
 
TOTAL U.S. TREASURY OBLIGATIONS
 (Cost $5,878,878)
  
  
  
5,878,921
 
  
  
  
  
Money Market Funds - 7.9%
 
  
Yield (%)
Shares
Value ($)
 
Fidelity Cash Central Fund (g)
  
4.32
156,219,808
156,251,052
Fidelity Securities Lending Cash Central Fund (g)(h)
  
4.32
715,778
715,850
 
TOTAL MONEY MARKET FUNDS
 (Cost $156,966,902)
  
  
  
156,966,902
 
  
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.5%
 (Cost $1,743,407,891)
 
  
 
2,005,920,086
NET OTHER ASSETS (LIABILITIES) - (0.5)%  
(9,046,041)
NET ASSETS - 100.0%
1,996,874,045
 
  
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
  
  
  
  
  
 
  
  
  
  
  
Equity Contracts
  
  
  
  
  
ICE MSCI EAFE Index Contracts (United States)
112
Sep 2025
15,017,520
264,182
264,182
ICE MSCI Emerging Markets Index Contracts (United States)
121
Sep 2025
7,462,675
117,307
117,307
 
  
  
  
  
  
TOTAL EQUITY CONTRACTS
  
  
  
  
381,489
 
  
  
  
  
  
Interest Rate Contracts
  
  
  
  
  
CBOT 10 Year US Treasury Bond Contracts (United States)
160
Sep 2025
17,937,500
413,508
413,508
 
  
  
  
  
  
TOTAL PURCHASED
  
  
  
  
794,997
 
  
  
  
  
  
Sold
  
  
  
  
  
 
  
  
  
  
  
Equity Contracts
  
  
  
  
  
CME S&P 500 Index Contracts (United States)
258
Sep 2025
80,673,375
(2,583,674)
(2,583,674)
 
  
  
  
  
  
TOTAL FUTURES CONTRACTS
  
  
  
  
(1,788,677)
The notional amount of futures purchased as a percentage of Net Assets is 2.1%
The notional amount of futures sold as a percentage of Net Assets is 4.0%

Security Type Abbreviations
ETF
-
EXCHANGE-TRADED FUND
 
Legend
 
(a)
Amount is stated in United States dollars unless otherwise noted.
 
(b)
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.
 
(c)
Affiliated Fund
 
(d)
Security or a portion of the security is on loan at period end.
 
(e)
Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.
 
(f)
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 $5,878,921.
 
(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.
 
 
 
 
 
 
 
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 ($)
  
 
Shares,
end
of period
% ownership,
end
of period
Fidelity Cash Central Fund
126,371,414
190,198,236
160,318,598
5,105,485
-
-
156,251,052
156,219,808
0.3%
Fidelity Commodity Strategy Central Fund
9,593,265
5,065,179
1,103,346
285,039
(147,404)
305,765
13,713,459
147,425
4.3%
Fidelity Emerging Markets Debt Local Currency Central Fund
16,409,767
4,800,416
-
893,261
-
(118,429)
21,091,754
228,464
5.6%
Fidelity Emerging Markets Equity Central Fund
94,227,829
4,034,109
8,174,740
1,328,617
165,807
6,548,024
96,801,029
390,091
3.6%
Fidelity Floating Rate Central Fund
15,318,158
1,492,932
1,482,716
986,009
(7,301)
(221,255)
15,099,818
156,637
0.8%
Fidelity High Income Central Fund
15,510,240
25,132,367
2,031,961
1,152,557
10,944
1,261,509
39,883,099
365,096
2.0%
Fidelity Inflation-Protected Bond Index Central Fund
20,093,789
32,050,574
3,583,523
852,831
(85,109)
690,300
49,166,031
537,804
5.5%
Fidelity International Credit Central Fund
5,244,491
374,146
494,239
205,172
(65,384)
22,890
5,081,904
61,302
5.3%
Fidelity International Equity Central Fund
195,892,975
10,722,970
23,768,045
4,718,375
2,238,095
14,023,356
199,109,351
1,634,992
3.2%
Fidelity Investment Grade Bond Central Fund
920,160,152
110,464,456
187,289,596
28,128,482
(15,534,104)
(3,234,116)
824,566,792
8,344,129
2.0%
Fidelity Real Estate Equity Central Fund
9,191,761
1,566,967
5,853,863
159,973
968,927
(1,675,456)
4,198,336
31,394
0.5%
Fidelity Securities Lending Cash Central Fund
3,119,900
114,504,805
116,908,855
25,793
-
-
715,850
715,778
0.0%
Fidelity U.S. Equity Central Fund
456,516,016
46,652,182
161,522,086
35,476,247
51,785,579
(58,912,717)
334,518,974
2,333,256
2.0%
Total
1,887,649,757
547,059,339
672,531,568
79,317,841
39,330,050
(41,310,129)
1,760,197,449
  
  
 
  
  
  
  
  
  
  
  
  
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 income received for lending certain types of securities.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
  
 
Shares,
end
of period
Fidelity Blue Chip Growth ETF
-
27,256,133
587,289
-
(95,208)
1,218,489
27,792,125
576,122
Fidelity Enhanced Large Cap Value ETF
-
6,658,155
967,667
56,194
11,113
247,554
5,949,155
187,257
Fidelity Enhanced Mid Cap ETF
8,340,792
19,727,309
17,216,380
101,468
(852,313)
537,823
10,537,231
306,184
Fidelity Enhanced Small Cap ETF
10,960,446
38,832,198
18,572,544
220,133
(1,770,221)
(294,897)
29,154,982
911,378
Fidelity Fundamental Small-Mid Cap ETF
-
13,305,922
812,070
42,511
(64,018)
(22,847)
12,406,987
456,307
Fidelity Hedged Equity ETF
26,297,441
9,407,541
16,890,654
144,699
1,625,408
654,832
21,094,568
731,942
Fidelity Low Duration Bond ETF
102,919,211
-
-
3,714,884
-
-
102,919,211
2,040,024
Fidelity Managed Futures ETF
-
5,011,559
-
-
-
(1,706)
5,009,853
99,205
 
148,517,890
120,198,817
55,046,604
4,279,889
(1,145,239)
2,339,248
214,864,112
  
 
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
 
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.
 
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