UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-00215
Fidelity Hastings Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Cynthia Lo Bessette, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | June 30 |
Date of reporting period: | December 31, 2022 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp.* | 9.4 | |
General Electric Co. | 6.7 | |
Microsoft Corp. | 6.2 | |
Wells Fargo & Co. | 5.7 | |
Apple, Inc. | 4.4 | |
Bank of America Corp. | 4.2 | |
JPMorgan Chase & Co. | 2.8 | |
The Boeing Co. | 2.5 | |
Alphabet, Inc. Class A | 2.5 | |
Alphabet, Inc. Class C | 2.4 | |
46.8 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.4 | |
Financials | 15.9 | |
Industrials | 15.0 | |
Energy | 13.8 | |
Health Care | 12.0 | |
Communication Services | 8.7 | |
Consumer Staples | 4.5 | |
Consumer Discretionary | 4.0 | |
Materials | 3.7 | |
Real Estate | 0.8 | |
Utilities | 0.2 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 10% |
Written options - (0.0)% |
Percentages shown as 0.0% may reflect amounts less than 0.05%. |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.0% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 8.7% | |||
Entertainment - 1.5% | |||
The Walt Disney Co. (a) | 111,099 | 9,652,281 | |
Universal Music Group NV | 421,599 | 10,195,398 | |
19,847,679 | |||
Interactive Media & Services - 5.8% | |||
Alphabet, Inc.: | |||
Class A (a) | 357,100 | 31,506,933 | |
Class C (a) | 339,900 | 30,159,327 | |
Meta Platforms, Inc. Class A (a) | 99,900 | 12,021,966 | |
73,688,226 | |||
Media - 1.4% | |||
Charter Communications, Inc. Class A (a) | 1,600 | 542,560 | |
Comcast Corp. Class A | 485,297 | 16,970,836 | |
17,513,396 | |||
TOTAL COMMUNICATION SERVICES | 111,049,301 | ||
CONSUMER DISCRETIONARY - 4.0% | |||
Hotels, Restaurants & Leisure - 1.8% | |||
Booking Holdings, Inc. (a) | 8,948 | 18,032,725 | |
Marriott International, Inc. Class A | 23,600 | 3,513,804 | |
Starbucks Corp. | 6,100 | 605,120 | |
22,151,649 | |||
Household Durables - 0.7% | |||
Sony Group Corp. sponsored ADR | 121,000 | 9,229,880 | |
Internet & Direct Marketing Retail - 0.2% | |||
Amazon.com, Inc. (a) | 28,800 | 2,419,200 | |
Specialty Retail - 1.2% | |||
Lowe's Companies, Inc. | 66,311 | 13,211,804 | |
TJX Companies, Inc. | 17,700 | 1,408,920 | |
14,620,724 | |||
Textiles, Apparel & Luxury Goods - 0.1% | |||
NIKE, Inc. Class B | 15,100 | 1,766,851 | |
TOTAL CONSUMER DISCRETIONARY | 50,188,304 | ||
CONSUMER STAPLES - 4.5% | |||
Beverages - 2.6% | |||
Diageo PLC | 364,862 | 15,970,694 | |
Keurig Dr. Pepper, Inc. | 163,700 | 5,837,542 | |
The Coca-Cola Co. | 178,500 | 11,354,385 | |
33,162,621 | |||
Food & Staples Retailing - 1.3% | |||
Costco Wholesale Corp. | 1,300 | 593,450 | |
Sysco Corp. | 119,799 | 9,158,634 | |
Walmart, Inc. | 51,900 | 7,358,901 | |
17,110,985 | |||
Food Products - 0.1% | |||
Mondelez International, Inc. | 17,900 | 1,193,035 | |
Personal Products - 0.3% | |||
Estee Lauder Companies, Inc. Class A | 500 | 124,055 | |
Haleon PLC ADR (a) | 402,633 | 3,221,064 | |
3,345,119 | |||
Tobacco - 0.2% | |||
Altria Group, Inc. | 52,390 | 2,394,747 | |
TOTAL CONSUMER STAPLES | 57,206,507 | ||
ENERGY - 13.8% | |||
Oil, Gas & Consumable Fuels - 13.8% | |||
Canadian Natural Resources Ltd. | 361,500 | 20,074,095 | |
Exxon Mobil Corp. (b) | 1,079,987 | 119,122,569 | |
Hess Corp. | 177,316 | 25,146,955 | |
Imperial Oil Ltd. | 231,700 | 11,285,535 | |
175,629,154 | |||
FINANCIALS - 15.9% | |||
Banks - 14.3% | |||
Bank of America Corp. | 1,626,751 | 53,877,993 | |
JPMorgan Chase & Co. | 260,430 | 34,923,663 | |
PNC Financial Services Group, Inc. | 76,131 | 12,024,130 | |
U.S. Bancorp | 184,312 | 8,037,846 | |
Wells Fargo & Co. | 1,753,406 | 72,398,134 | |
181,261,766 | |||
Capital Markets - 0.4% | |||
Charles Schwab Corp. | 58,800 | 4,895,688 | |
Consumer Finance - 0.1% | |||
American Express Co. | 9,500 | 1,403,625 | |
Diversified Financial Services - 1.1% | |||
Berkshire Hathaway, Inc. Class B (a) | 45,900 | 14,178,510 | |
TOTAL FINANCIALS | 201,739,589 | ||
HEALTH CARE - 12.0% | |||
Health Care Equipment & Supplies - 2.4% | |||
Abbott Laboratories | 24,900 | 2,733,771 | |
Boston Scientific Corp. (a) | 460,219 | 21,294,333 | |
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) | 123,212 | 1,846,948 | |
Medtronic PLC | 54,296 | 4,219,885 | |
30,094,937 | |||
Health Care Providers & Services - 3.4% | |||
Cigna Corp. | 34,262 | 11,352,371 | |
Humana, Inc. | 5,000 | 2,560,950 | |
UnitedHealth Group, Inc. | 55,298 | 29,317,894 | |
43,231,215 | |||
Life Sciences Tools & Services - 0.8% | |||
Danaher Corp. | 39,410 | 10,460,202 | |
Pharmaceuticals - 5.4% | |||
Bristol-Myers Squibb Co. | 301,899 | 21,721,633 | |
Eli Lilly & Co. | 27,000 | 9,877,680 | |
GSK PLC sponsored ADR | 277,466 | 9,750,155 | |
Johnson & Johnson | 131,213 | 23,178,776 | |
Sanofi SA sponsored ADR | 74,173 | 3,592,198 | |
68,120,442 | |||
TOTAL HEALTH CARE | 151,906,796 | ||
INDUSTRIALS - 15.0% | |||
Aerospace & Defense - 4.6% | |||
Airbus Group NV | 118,200 | 14,054,276 | |
Raytheon Technologies Corp. | 123,130 | 12,426,280 | |
The Boeing Co. (a) | 166,000 | 31,621,340 | |
58,101,896 | |||
Air Freight & Logistics - 1.8% | |||
FedEx Corp. | 5,500 | 952,600 | |
United Parcel Service, Inc. Class B | 124,279 | 21,604,661 | |
22,557,261 | |||
Building Products - 0.0% | |||
Johnson Controls International PLC | 8,500 | 544,000 | |
Electrical Equipment - 0.4% | |||
Rockwell Automation, Inc. | 18,100 | 4,662,017 | |
Industrial Conglomerates - 6.7% | |||
General Electric Co. | 1,017,594 | 85,264,201 | |
Machinery - 1.5% | |||
Caterpillar, Inc. | 51,000 | 12,217,560 | |
Deere & Co. | 17,380 | 7,451,849 | |
19,669,409 | |||
TOTAL INDUSTRIALS | 190,798,784 | ||
INFORMATION TECHNOLOGY - 19.4% | |||
IT Services - 3.9% | |||
Fidelity National Information Services, Inc. | 49,800 | 3,378,930 | |
Fiserv, Inc. (a) | 23,000 | 2,324,610 | |
Kyndryl Holdings, Inc. (a) | 220 | 2,446 | |
MasterCard, Inc. Class A | 25,352 | 8,815,651 | |
PayPal Holdings, Inc. (a) | 49,200 | 3,504,024 | |
Twilio, Inc. Class A (a) | 22,900 | 1,121,184 | |
Visa, Inc. Class A | 142,788 | 29,665,635 | |
48,812,480 | |||
Semiconductors & Semiconductor Equipment - 3.4% | |||
Applied Materials, Inc. | 131,674 | 12,822,414 | |
ASML Holding NV | 5,136 | 2,806,310 | |
Intel Corp. | 121,500 | 3,211,245 | |
Lam Research Corp. | 20,100 | 8,448,030 | |
NVIDIA Corp. | 20,000 | 2,922,800 | |
Qualcomm, Inc. | 106,316 | 11,688,381 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 19,900 | 1,482,351 | |
43,381,531 | |||
Software - 7.7% | |||
Adobe, Inc. (a) | 17,210 | 5,791,681 | |
Intuit, Inc. | 6,300 | 2,452,086 | |
Microsoft Corp. | 327,466 | 78,532,896 | |
Salesforce.com, Inc. (a) | 17,900 | 2,373,361 | |
SAP SE sponsored ADR | 83,300 | 8,595,727 | |
97,745,751 | |||
Technology Hardware, Storage & Peripherals - 4.4% | |||
Apple, Inc. | 430,942 | 55,992,294 | |
TOTAL INFORMATION TECHNOLOGY | 245,932,056 | ||
MATERIALS - 3.7% | |||
Chemicals - 0.8% | |||
DuPont de Nemours, Inc. | 124,118 | 8,518,218 | |
Linde PLC | 4,500 | 1,467,810 | |
9,986,028 | |||
Metals & Mining - 2.9% | |||
Freeport-McMoRan, Inc. | 730,200 | 27,747,600 | |
Glencore PLC | 1,361,900 | 9,082,031 | |
36,829,631 | |||
TOTAL MATERIALS | 46,815,659 | ||
REAL ESTATE - 0.8% | |||
Equity Real Estate Investment Trusts (REITs) - 0.8% | |||
American Tower Corp. | 9,700 | 2,055,042 | |
Crown Castle International Corp. | 2,700 | 366,228 | |
Simon Property Group, Inc. | 66,100 | 7,765,428 | |
10,186,698 | |||
UTILITIES - 0.2% | |||
Electric Utilities - 0.2% | |||
NextEra Energy, Inc. | 2,600 | 217,360 | |
Southern Co. | 29,100 | 2,078,031 | |
2,295,391 | |||
TOTAL COMMON STOCKS (Cost $807,687,612) | 1,243,748,239 | ||
Money Market Funds - 1.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.37% (c) (Cost $21,869,058) | 21,864,685 | 21,869,058 | |
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $829,556,670) | 1,265,617,297 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 3,989,892 |
NET ASSETS - 100.0% | 1,269,607,189 |
Written Options | ||||||
Counterparty | Number of Contracts | Notional Amount ($) | Exercise Price ($) | Expiration Date | Value ($) | |
Call Options | ||||||
Exxon Mobil Corp. | Chicago Board Options Exchange | 500 | 5,515,000 | 110.00 | 01/20/23 | (163,750) |
Exxon Mobil Corp. | Chicago Board Options Exchange | 1,000 | 11,030,000 | 115.00 | 03/17/23 | (410,877) |
TOTAL WRITTEN OPTIONS | (574,627) |
(a) | Non-income producing |
(b) | Security or a portion of the security is pledged as collateral for call options written. At period end, the value of securities pledged amounted to $16,545,000. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.37% | 23,229,078 | 39,049,306 | 40,409,326 | 146,791 | - | - | 21,869,058 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.37% | - | 65,879,024 | 65,879,024 | 1,999 | - | - | - | 0.0% |
Total | 23,229,078 | 104,928,330 | 106,288,350 | 148,790 | - | - | 21,869,058 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 111,049,301 | 100,853,903 | 10,195,398 | - |
Consumer Discretionary | 50,188,304 | 50,188,304 | - | - |
Consumer Staples | 57,206,507 | 41,235,813 | 15,970,694 | - |
Energy | 175,629,154 | 175,629,154 | - | - |
Financials | 201,739,589 | 201,739,589 | - | - |
Health Care | 151,906,796 | 151,906,796 | - | - |
Industrials | 190,798,784 | 176,744,508 | 14,054,276 | - |
Information Technology | 245,932,056 | 245,932,056 | - | - |
Materials | 46,815,659 | 37,733,628 | 9,082,031 | - |
Real Estate | 10,186,698 | 10,186,698 | - | - |
Utilities | 2,295,391 | 2,295,391 | - | - |
Money Market Funds | 21,869,058 | 21,869,058 | - | - |
Total Investments in Securities: | 1,265,617,297 | 1,216,314,898 | 49,302,399 | - |
Derivative Instruments: | ||||
Liabilities | ||||
Written Options | (574,627) | (574,627) | - | - |
Total Liabilities | (574,627) | (574,627) | - | - |
Total Derivative Instruments: | (574,627) | (574,627) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Written Options (a) | 0 | (574,627) |
Total Equity Risk | 0 | (574,627) |
Total Value of Derivatives | 0 | (574,627) |
Statement of Assets and Liabilities | ||||
December 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | $ | |||
Unaffiliated issuers (cost $807,687,612) | 1,243,748,239 | |||
Fidelity Central Funds (cost $21,869,058) | 21,869,058 | |||
Total Investment in Securities (cost $829,556,670) | $ | 1,265,617,297 | ||
Cash | 333 | |||
Restricted cash | 551,989 | |||
Receivable for investments sold | ||||
Regular delivery | $ | 661,255 | ||
Delayed delivery | 2,660,841 | |||
Receivable for fund shares sold | 790,096 | |||
Dividends receivable | 1,364,789 | |||
Distributions receivable from Fidelity Central Funds | 72,535 | |||
Prepaid expenses | 1,594 | |||
Other receivables | 4,674 | |||
Total assets | 1,271,725,403 | |||
Liabilities | ||||
Payable for investments purchased | $341,674 | |||
Payable for fund shares redeemed | 479,302 | |||
Accrued management fee | 455,020 | |||
Transfer agent fee payable | 148,548 | |||
Distribution and service plan fees payable | 49,852 | |||
Written options, at value (premium received $597,286) | 574,627 | |||
Other affiliated payables | 30,301 | |||
Other payables and accrued expenses | 38,890 | |||
Total Liabilities | 2,118,214 | |||
Net Assets | $ | 1,269,607,189 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 847,897,117 | ||
Total accumulated earnings (loss) | 421,710,072 | |||
Net Assets | $ | 1,269,607,189 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($102,646,295 ÷ 6,175,655 shares) (a) | $ | 16.62 | ||
Maximum offering price per share (100/94.25 of $16.62) | $ | 17.63 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($27,299,207 ÷ 1,641,236 shares) (a) | $ | 16.63 | ||
Maximum offering price per share (100/96.50 of $16.63) | $ | 17.23 | ||
Class C : | ||||
Net Asset Value and offering price per share ($20,681,936 ÷ 1,271,778 shares) (a) | $ | 16.26 | ||
Mega Cap Stock : | ||||
Net Asset Value , offering price and redemption price per share ($899,761,689 ÷ 53,242,403 shares) | $ | 16.90 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($61,649,053 ÷ 3,642,410 shares) | $ | 16.93 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($157,569,009 ÷ 9,383,181 shares) | $ | 16.79 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended December 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 12,038,504 | ||
Income from Fidelity Central Funds (including $1,999 from security lending) | 148,790 | |||
Total Income | 12,187,294 | |||
Expenses | ||||
Management fee | $ | 2,790,750 | ||
Transfer agent fees | 890,635 | |||
Distribution and service plan fees | 287,832 | |||
Accounting fees | 185,175 | |||
Custodian fees and expenses | 13,434 | |||
Independent trustees' fees and expenses | 2,313 | |||
Registration fees | 60,772 | |||
Audit | 31,948 | |||
Legal | 1,912 | |||
Interest | 20,022 | |||
Miscellaneous | 3,850 | |||
Total expenses before reductions | 4,288,643 | |||
Expense reductions | (24,774) | |||
Total expenses after reductions | 4,263,869 | |||
Net Investment income (loss) | 7,923,425 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,609,354 | |||
Foreign currency transactions | (50,988) | |||
Written options | 321,505 | |||
Total net realized gain (loss) | 1,879,871 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 77,115,641 | |||
Assets and liabilities in foreign currencies | 9,588 | |||
Written options | (64,145) | |||
Total change in net unrealized appreciation (depreciation) | 77,061,084 | |||
Net gain (loss) | 78,940,955 | |||
Net increase (decrease) in net assets resulting from operations | $ | 86,864,380 |
Statement of Changes in Net Assets | ||||
Six months ended December 31, 2022 (Unaudited) | Year ended June 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 7,923,425 | $ | 16,810,761 |
Net realized gain (loss) | 1,879,871 | 59,966,322 | ||
Change in net unrealized appreciation (depreciation) | 77,061,084 | (243,469,369) | ||
Net increase (decrease) in net assets resulting from operations | 86,864,380 | (166,692,286) | ||
Distributions to shareholders | (58,426,986) | (82,065,696) | ||
Share transactions - net increase (decrease) | (95,011,738) | (79,071,772) | ||
Total increase (decrease) in net assets | (66,574,344) | (327,829,754) | ||
Net Assets | ||||
Beginning of period | 1,336,181,533 | 1,664,011,287 | ||
End of period | $ | 1,269,607,189 | $ | 1,336,181,533 |
Fidelity Advisor® Mega Cap Stock Fund Class A |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.14 | $ | 19.05 | $ | 13.83 | $ | 15.51 | $ | 17.34 | $ | 18.42 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .14 | .15 | .22 | .29 | .23 | ||||||
Net realized and unrealized gain (loss) | 1.09 | (2.17) | 6.31 | .08 | .77 | 1.49 | ||||||
Total from investment operations | 1.17 | (2.03) | 6.46 | .30 | 1.06 | 1.72 | ||||||
Distributions from net investment income | (.18) | (.29) | (.24) | (.27) | (.26) | (.24) | ||||||
Distributions from net realized gain | (.51) | (.59) | (1.00) | (1.70) | (2.63) | (2.56) | ||||||
Total distributions | (.69) | (.88) | (1.24) | (1.98) C | (2.89) | (2.80) | ||||||
Net asset value, end of period | $ | 16.62 | $ | 16.14 | $ | 19.05 | $ | 13.83 | $ | 15.51 | $ | 17.34 |
Total Return D,E,F | 7.26% | (11.25)% G | 49.60% | 1.78% | 6.99% | 10.60% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .90% J | .90% | .91% | .93% | .93% | .93% | ||||||
Expenses net of fee waivers, if any | .90% J | .89% | .91% | .93% | .93% | .93% | ||||||
Expenses net of all reductions | .90% J | .89% | .91% | .92% | .93% | .93% | ||||||
Net investment income (loss) | .96% J | .78% | .95% | 1.56% | 1.88% | 1.33% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 102,646 | $ | 88,064 | $ | 87,302 | $ | 54,948 | $ | 64,311 | $ | 62,333 |
Portfolio turnover rate K | 3% J | 13% | 43% | 49% L | 36% | 39% |
Fidelity Advisor® Mega Cap Stock Fund Class M |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.13 | $ | 19.03 | $ | 13.82 | $ | 15.50 | $ | 17.31 | $ | 18.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .10 | .11 | .19 | .25 | .19 | ||||||
Net realized and unrealized gain (loss) | 1.09 | (2.17) | 6.31 | .06 | .78 | 1.48 | ||||||
Total from investment operations | 1.15 | (2.07) | 6.42 | .25 | 1.03 | 1.67 | ||||||
Distributions from net investment income | (.13) | (.24) | (.20) | (.23) | (.21) | (.19) | ||||||
Distributions from net realized gain | (.51) | (.59) | (1.00) | (1.70) | (2.63) | (2.56) | ||||||
Total distributions | (.65) C | (.83) | (1.21) C | (1.93) | (2.84) | (2.75) | ||||||
Net asset value, end of period | $ | 16.63 | $ | 16.13 | $ | 19.03 | $ | 13.82 | $ | 15.50 | $ | 17.31 |
Total Return D,E,F | 7.08% | (11.45)% G | 49.19% | 1.50% | 6.79% | 10.33% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.16% J | 1.15% | 1.17% | 1.18% | 1.19% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.16% J | 1.15% | 1.17% | 1.18% | 1.19% | 1.19% | ||||||
Expenses net of all reductions | 1.16% J | 1.15% | 1.16% | 1.18% | 1.18% | 1.18% | ||||||
Net investment income (loss) | .71% J | .52% | .69% | 1.31% | 1.63% | 1.07% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 27,299 | $ | 25,617 | $ | 28,266 | $ | 21,208 | $ | 25,031 | $ | 26,446 |
Portfolio turnover rate K | 3% J | 13% | 43% | 49% L | 36% | 39% |
Fidelity Advisor® Mega Cap Stock Fund Class C |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.74 | $ | 18.58 | $ | 13.53 | $ | 15.20 | $ | 17.03 | $ | 18.13 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | - C | .03 | .11 | .17 | .10 | ||||||
Net realized and unrealized gain (loss) | 1.07 | (2.12) | 6.15 | .08 | .77 | 1.47 | ||||||
Total from investment operations | 1.08 | (2.12) | 6.18 | .19 | .94 | 1.57 | ||||||
Distributions from net investment income | (.04) | (.15) | (.13) | (.15) | (.13) | (.11) | ||||||
Distributions from net realized gain | (.51) | (.58) | (1.00) | (1.70) | (2.63) | (2.56) | ||||||
Total distributions | (.56) D | (.72) D | (1.13) | (1.86) D | (2.77) D | (2.67) | ||||||
Net asset value, end of period | $ | 16.26 | $ | 15.74 | $ | 18.58 | $ | 13.53 | $ | 15.20 | $ | 17.03 |
Total Return E,F,G | 6.82% | (11.90)% H | 48.31% | 1.05% | 6.23% | 9.81% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.68% K | 1.67% | 1.69% | 1.69% | 1.68% | 1.68% | ||||||
Expenses net of fee waivers, if any | 1.68% K | 1.67% | 1.69% | 1.69% | 1.67% | 1.68% | ||||||
Expenses net of all reductions | 1.68% K | 1.67% | 1.69% | 1.69% | 1.67% | 1.68% | ||||||
Net investment income (loss) | .18% K | -% L | .17% | .80% | 1.14% | .58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 20,682 | $ | 20,255 | $ | 27,727 | $ | 24,283 | $ | 28,459 | $ | 33,640 |
Portfolio turnover rate M | 3% K | 13% | 43% | 49% N | 36% | 39% |
Fidelity® Mega Cap Stock Fund |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.42 | $ | 19.36 | $ | 14.04 | $ | 15.71 | $ | 17.52 | $ | 18.58 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .20 | .20 | .27 | .34 | .28 | ||||||
Net realized and unrealized gain (loss) | 1.12 | (2.21) | 6.40 | .07 | .78 | 1.50 | ||||||
Total from investment operations | 1.22 | (2.01) | 6.60 | .34 | 1.12 | 1.78 | ||||||
Distributions from net investment income | (.23) | (.34) | (.28) | (.31) | (.30) | (.27) | ||||||
Distributions from net realized gain | (.51) | (.59) | (1.00) | (1.70) | (2.63) | (2.56) | ||||||
Total distributions | (.74) | (.93) | (1.28) | (2.01) | (2.93) | (2.84) C | ||||||
Net asset value, end of period | $ | 16.90 | $ | 16.42 | $ | 19.36 | $ | 14.04 | $ | 15.71 | $ | 17.52 |
Total Return D,E | 7.42% | (10.99)% F | 49.96% | 2.09% | 7.33% | 10.86% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .62% I | .61% | .63% | .65% | .65% | .68% | ||||||
Expenses net of fee waivers, if any | .62% I | .61% | .63% | .64% | .65% | .68% | ||||||
Expenses net of all reductions | .62% I | .61% | .63% | .64% | .65% | .68% | ||||||
Net investment income (loss) | 1.25% I | 1.06% | 1.23% | 1.84% | 2.16% | 1.58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 899,762 | $ | 927,217 | $ | 1,166,988 | $ | 773,080 | $ | 1,488,549 | $ | 1,715,822 |
Portfolio turnover rate J | 3% I | 13% | 43% | 49% K | 36% | 39% |
Fidelity Advisor® Mega Cap Stock Fund Class I |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.45 | $ | 19.39 | $ | 14.07 | $ | 15.72 | $ | 17.53 | $ | 18.60 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .19 | .20 | .27 | .34 | .28 | ||||||
Net realized and unrealized gain (loss) | 1.12 | (2.21) | 6.42 | .06 | .79 | 1.50 | ||||||
Total from investment operations | 1.22 | (2.02) | 6.62 | .33 | 1.13 | 1.78 | ||||||
Distributions from net investment income | (.23) | (.34) | (.29) | (.28) | (.30) | (.29) | ||||||
Distributions from net realized gain | (.51) | (.59) | (1.00) | (1.70) | (2.63) | (2.56) | ||||||
Total distributions | (.74) | (.92) C | (1.30) C | (1.98) | (2.94) C | (2.85) | ||||||
Net asset value, end of period | $ | 16.93 | $ | 16.45 | $ | 19.39 | $ | 14.07 | $ | 15.72 | $ | 17.53 |
Total Return D,E | 7.42% | (11.00)% F | 49.97% | 2.04% | 7.33% | 10.87% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .64% I | .65% | .65% | .66% | .66% | .67% | ||||||
Expenses net of fee waivers, if any | .63% I | .64% | .65% | .66% | .66% | .67% | ||||||
Expenses net of all reductions | .63% I | .64% | .64% | .65% | .66% | .66% | ||||||
Net investment income (loss) | 1.23% I | 1.03% | 1.21% | 1.83% | 2.15% | 1.60% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 61,649 | $ | 52,884 | $ | 39,876 | $ | 20,725 | $ | 147,465 | $ | 143,472 |
Portfolio turnover rate J | 3% I | 13% | 43% | 49% K | 36% | 39% |
Fidelity Advisor® Mega Cap Stock Fund Class Z |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.32 | $ | 19.25 | $ | 13.97 | $ | 15.65 | $ | 17.46 | $ | 18.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .22 | .22 | .28 | .35 | .30 | ||||||
Net realized and unrealized gain (loss) | 1.12 | (2.20) | 6.36 | .08 | .79 | 1.51 | ||||||
Total from investment operations | 1.23 | (1.98) | 6.58 | .36 | 1.14 | 1.81 | ||||||
Distributions from net investment income | (.25) | (.36) | (.30) | (.33) | (.32) | (.31) | ||||||
Distributions from net realized gain | (.51) | (.59) | (1.00) | (1.70) | (2.63) | (2.56) | ||||||
Total distributions | (.76) | (.95) | (1.30) | (2.04) C | (2.95) | (2.88) C | ||||||
Net asset value, end of period | $ | 16.79 | $ | 16.32 | $ | 19.25 | $ | 13.97 | $ | 15.65 | $ | 17.46 |
Total Return D,E | 7.52% | (10.92)% F | 50.14% | 2.18% | 7.47% | 11.09% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .52% I | .51% | .52% | .53% | .53% | .53% | ||||||
Expenses net of fee waivers, if any | .51% I | .51% | .52% | .52% | .53% | .53% | ||||||
Expenses net of all reductions | .51% I | .51% | .52% | .52% | .53% | .53% | ||||||
Net investment income (loss) | 1.35% I | 1.16% | 1.34% | 1.96% | 2.29% | 1.73% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 157,569 | $ | 222,146 | $ | 313,854 | $ | 213,832 | $ | 193,889 | $ | 81,817 |
Portfolio turnover rate J | 3% I | 13% | 43% | 49% K | 36% | 39% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $500,027,493 |
Gross unrealized depreciation | (69,486,000) |
Net unrealized appreciation (depreciation) | $430,541,493 |
Tax cost | $835,098,463 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Mega Cap Stock Fund | 20,813,412 | 168,267,820 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $118,207 | $3,106 |
Class M | .25% | .25% | 67,254 | - |
Class C | .75% | .25% | 102,371 | 13,746 |
$287,832 | $16,852 |
Retained by FDC | |
Class A | $15,746 |
Class M | 979 |
Class C A | 131 |
$16,856 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $84,714 | .18 |
Class M | 25,215 | .19 |
Class C | 21,441 | .21 |
Mega Cap Stock | 677,777 | .15 |
Class I | 42,268 | .16 |
Class Z | 39,220 | .04 |
$890,635 |
% of Average Net Assets | |
Fidelity Mega Cap Stock Fund | .03 |
Amount | |
Fidelity Mega Cap Stock Fund | $1,216 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Mega Cap Stock Fund | Borrower | $6,447,229 | 3.16% | $19,829 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Mega Cap Stock Fund | 2,041,122 | 7,813,313 | 1,716,350 |
Amount | |
Fidelity Mega Cap Stock Fund | $1,247 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Mega Cap Stock Fund | $208 | $- | $- |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Mega Cap Stock Fund | $466,200 | 2.98% | $193 |
Expense reduction | |
Class M | $28 |
Six months ended December 31, 2022 | Year ended June 30, 2022 | |
Fidelity Mega Cap Stock Fund | ||
Distributions to shareholders | ||
Class A | $3,853,964 | $4,168,848 |
Class M | 1,033,161 | 1,236,079 |
Class C | 718,884 | 1,054,574 |
Mega Cap Stock | 41,036,146 | 56,066,052 |
Class I | 2,435,167 | 1,998,583 |
Class Z | 9,349,664 | 17,541,560 |
Total | $58,426,986 | $82,065,696 |
Shares | Shares | Dollars | Dollars | |
Six months ended December 31, 2022 | Year ended June 30, 2022 | Six months ended December 31, 2022 | Year ended June 30, 2022 | |
Fidelity Mega Cap Stock Fund | ||||
Class A | ||||
Shares sold | 918,202 | 1,492,302 | $15,307,263 | $27,642,806 |
Reinvestment of distributions | 228,217 | 221,711 | 3,827,310 | 4,140,030 |
Shares redeemed | (427,622) | (840,067) | (7,012,528) | (15,338,731) |
Net increase (decrease) | 718,797 | 873,946 | $12,122,045 | $16,444,105 |
Class M | ||||
Shares sold | 100,981 | 292,638 | $1,676,718 | $5,511,563 |
Reinvestment of distributions | 61,536 | 66,120 | 1,032,772 | 1,234,490 |
Shares redeemed | (109,887) | (255,295) | (1,808,234) | (4,693,563) |
Net increase (decrease) | 52,630 | 103,463 | $901,256 | $2,052,490 |
Class C | ||||
Shares sold | 144,876 | 260,842 | $2,349,706 | $4,755,232 |
Reinvestment of distributions | 43,647 | 57,728 | 716,292 | 1,053,354 |
Shares redeemed | (203,811) | (523,457) | (3,303,213) | (9,487,326) |
Net increase (decrease) | (15,288) | (204,887) | $(237,215) | $(3,678,740) |
Mega Cap Stock | ||||
Shares sold | 2,104,962 | 7,598,334 | $35,784,166 | $146,062,944 |
Reinvestment of distributions | 2,240,783 | 2,797,662 | 38,208,143 | 53,068,612 |
Shares redeemed | (7,576,580) | (14,201,219) | (121,462,689) | (268,561,849) |
Net increase (decrease) | (3,230,835) | (3,805,223) | $(47,470,380) | $(69,430,293) |
Class I | ||||
Shares sold | 1,203,326 | 2,965,041 | $20,737,610 | $57,337,133 |
Reinvestment of distributions | 141,083 | 103,482 | 2,409,447 | 1,967,233 |
Shares redeemed | (917,290) | (1,909,760) | (15,629,114) | (36,447,458) |
Net increase (decrease) | 427,119 | 1,158,763 | $7,517,943 | $22,856,908 |
Class Z | ||||
Shares sold | 6,043,187 | 17,477,193 | $95,585,894 | $318,523,898 |
Reinvestment of distributions | 80,256 | 547,391 | 1,360,444 | 10,313,549 |
Shares redeemed | (10,349,365) | (20,717,755) | (164,791,725) | (376,153,689) |
Net increase (decrease) | (4,225,922) | (2,693,171) | $(67,845,387) | $(47,316,242) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2022 to December 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2022 | Ending Account Value December 31, 2022 | Expenses Paid During Period- C July 1, 2022 to December 31, 2022 | |||||||
Fidelity® Mega Cap Stock Fund | ||||||||||
Class A | .90% | |||||||||
Actual | $ 1,000 | $ 1,072.60 | $ 4.70 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.67 | $ 4.58 | |||||||
Class M | 1.16% | |||||||||
Actual | $ 1,000 | $ 1,070.80 | $ 6.05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.36 | $ 5.90 | |||||||
Class C | 1.68% | |||||||||
Actual | $ 1,000 | $ 1,068.20 | $ 8.76 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.74 | $ 8.54 | |||||||
Fidelity® Mega Cap Stock Fund | .62% | |||||||||
Actual | $ 1,000 | $ 1,074.20 | $ 3.24 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.08 | $ 3.16 | |||||||
Class I | .63% | |||||||||
Actual | $ 1,000 | $ 1,074.20 | $ 3.29 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.03 | $ 3.21 | |||||||
Class Z | .51% | |||||||||
Actual | $ 1,000 | $ 1,075.20 | $ 2.67 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.63 | $ 2.60 | |||||||
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 10.0 | |
UnitedHealth Group, Inc. | 5.5 | |
Alphabet, Inc. Class A | 4.5 | |
Apple, Inc. | 3.7 | |
Amazon.com, Inc. | 3.0 | |
Vertex Pharmaceuticals, Inc. | 2.7 | |
Universal Music Group NV | 2.3 | |
Warner Music Group Corp. Class A | 2.0 | |
The Coca-Cola Co. | 1.9 | |
Eli Lilly & Co. | 1.9 | |
37.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 26.0 | |
Health Care | 20.1 | |
Communication Services | 11.9 | |
Consumer Discretionary | 10.5 | |
Industrials | 10.0 | |
Financials | 6.2 | |
Energy | 5.4 | |
Consumer Staples | 4.5 | |
Materials | 3.7 | |
Real Estate | 0.1 | |
Utilities | 0.0 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 10.8% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are based on country or territory of incorporation and are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.1% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 11.9% | |||
Entertainment - 4.7% | |||
Liberty Media Corp. Liberty Formula One Series C (a) | 104,872 | 6,269 | |
Netflix, Inc. (a) | 16,700 | 4,924 | |
Universal Music Group NV | 2,570,267 | 62,156 | |
Warner Music Group Corp. Class A (b) | 1,573,563 | 55,106 | |
128,455 | |||
Interactive Media & Services - 6.4% | |||
Alphabet, Inc. Class A (a) | 1,401,853 | 123,685 | |
Bumble, Inc. (a) | 251,436 | 5,293 | |
Epic Games, Inc. (a)(c)(d) | 2,244 | 1,830 | |
Meta Platforms, Inc. Class A (a) | 308,801 | 37,161 | |
Zoominfo Technologies, Inc. (a) | 155,695 | 4,688 | |
172,657 | |||
Media - 0.8% | |||
Charter Communications, Inc. Class A (a) | 62,899 | 21,329 | |
Innovid Corp. (a)(c) | 166,306 | 284 | |
21,613 | |||
TOTAL COMMUNICATION SERVICES | 322,725 | ||
CONSUMER DISCRETIONARY - 10.5% | |||
Auto Components - 0.0% | |||
Mobileye Global, Inc. (b) | 24,200 | 848 | |
Automobiles - 0.7% | |||
Ferrari NV | 83,785 | 17,948 | |
XPeng, Inc. ADR (a)(b) | 13,400 | 133 | |
18,081 | |||
Diversified Consumer Services - 0.2% | |||
Laureate Education, Inc. Class A | 667,546 | 6,422 | |
Hotels, Restaurants & Leisure - 1.3% | |||
Airbnb, Inc. Class A (a) | 174,882 | 14,952 | |
Chipotle Mexican Grill, Inc. (a) | 4,500 | 6,244 | |
Flutter Entertainment PLC (a) | 114,487 | 15,626 | |
36,822 | |||
Household Durables - 0.0% | |||
Blu Investments LLC (a)(c)(d) | 3,320,224 | 1 | |
Internet & Direct Marketing Retail - 4.8% | |||
Amazon.com, Inc. (a) | 973,339 | 81,760 | |
Uber Technologies, Inc. (a) | 1,944,742 | 48,093 | |
129,853 | |||
Multiline Retail - 0.1% | |||
Dollarama, Inc. | 31,500 | 1,842 | |
Specialty Retail - 2.2% | |||
Aritzia, Inc. (a) | 53,069 | 1,856 | |
Five Below, Inc. (a) | 126,188 | 22,319 | |
TJX Companies, Inc. | 286,145 | 22,777 | |
Victoria's Secret & Co. (a) | 364,588 | 13,045 | |
59,997 | |||
Textiles, Apparel & Luxury Goods - 1.2% | |||
LVMH Moet Hennessy Louis Vuitton SE | 23,463 | 17,074 | |
On Holding AG (a) | 7,900 | 136 | |
Samsonite International SA (a)(e) | 5,448,387 | 14,306 | |
31,516 | |||
TOTAL CONSUMER DISCRETIONARY | 285,382 | ||
CONSUMER STAPLES - 4.5% | |||
Beverages - 4.5% | |||
Boston Beer Co., Inc. Class A (a) | 30,100 | 9,919 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 68,387 | 15,849 | |
Keurig Dr. Pepper, Inc. | 441,545 | 15,745 | |
Monster Beverage Corp. (a) | 268,112 | 27,221 | |
The Coca-Cola Co. | 827,214 | 52,619 | |
121,353 | |||
Household Products - 0.0% | |||
Energizer Holdings, Inc. | 16,200 | 544 | |
TOTAL CONSUMER STAPLES | 121,897 | ||
ENERGY - 5.4% | |||
Energy Equipment & Services - 1.2% | |||
Baker Hughes Co. Class A | 494,993 | 14,617 | |
Cactus, Inc. | 78,900 | 3,966 | |
Championx Corp. | 298,489 | 8,653 | |
Helmerich & Payne, Inc. (b) | 78,900 | 3,911 | |
TechnipFMC PLC (a) | 46,419 | 566 | |
31,713 | |||
Oil, Gas & Consumable Fuels - 4.2% | |||
Canadian Natural Resources Ltd. | 188,667 | 10,477 | |
Cheniere Energy, Inc. | 241,600 | 36,230 | |
Denbury, Inc. (a) | 66,309 | 5,770 | |
New Fortress Energy, Inc. | 176,882 | 7,503 | |
Ovintiv, Inc. | 50,200 | 2,546 | |
Range Resources Corp. | 350,000 | 8,757 | |
Reliance Industries Ltd. | 1,377,335 | 42,278 | |
113,561 | |||
TOTAL ENERGY | 145,274 | ||
FINANCIALS - 6.2% | |||
Banks - 1.1% | |||
Bank of America Corp. | 742,430 | 24,589 | |
HDFC Bank Ltd. (a) | 75,673 | 1,484 | |
Signature Bank | 25,938 | 2,989 | |
29,062 | |||
Capital Markets - 2.4% | |||
CME Group, Inc. | 303,996 | 51,120 | |
MSCI, Inc. | 28,488 | 13,252 | |
64,372 | |||
Insurance - 2.7% | |||
American Financial Group, Inc. | 113,462 | 15,576 | |
Arthur J. Gallagher & Co. | 172,603 | 32,543 | |
BRP Group, Inc. (a) | 181,783 | 4,570 | |
Marsh & McLennan Companies, Inc. | 127,893 | 21,164 | |
73,853 | |||
Thrifts & Mortgage Finance - 0.0% | |||
Rocket Companies, Inc. (b) | 247,200 | 1,730 | |
TOTAL FINANCIALS | 169,017 | ||
HEALTH CARE - 20.1% | |||
Biotechnology - 6.7% | |||
2seventy bio, Inc. (a)(b) | 34,400 | 322 | |
Adamas Pharmaceuticals, Inc.: | |||
rights (a)(d) | 678,800 | 183 | |
rights (a)(d) | 678,800 | 61 | |
Affimed NV (a)(b) | 251,902 | 312 | |
Alnylam Pharmaceuticals, Inc. (a) | 77,333 | 18,378 | |
Applied Therapeutics, Inc. (a) | 56,523 | 43 | |
Arcellx, Inc. | 25,300 | 784 | |
Beam Therapeutics, Inc. (a)(b) | 25,400 | 993 | |
Cytokinetics, Inc. (a) | 74,200 | 3,400 | |
EQRx, Inc. (a) | 168,650 | 415 | |
Erasca, Inc. (a) | 65,800 | 284 | |
Evelo Biosciences, Inc. (a) | 187,600 | 302 | |
Galapagos NV sponsored ADR (a)(b) | 190,059 | 8,435 | |
Gamida Cell Ltd. (a)(b) | 976,186 | 1,259 | |
Genmab A/S (a) | 7,100 | 3,002 | |
Hookipa Pharma, Inc. (a) | 454,700 | 368 | |
Immunocore Holdings PLC ADR (a) | 68,900 | 3,932 | |
Innovent Biologics, Inc. (a)(e) | 409,342 | 1,742 | |
Insmed, Inc. (a) | 304,997 | 6,094 | |
Legend Biotech Corp. ADR (a) | 55,700 | 2,781 | |
Prelude Therapeutics, Inc. (a) | 11,400 | 69 | |
Regeneron Pharmaceuticals, Inc. (a) | 45,769 | 33,022 | |
Rubius Therapeutics, Inc. (a)(b) | 54,080 | 9 | |
Seagen, Inc. (a) | 124,426 | 15,990 | |
Seres Therapeutics, Inc. (a) | 161,000 | 902 | |
Synlogic, Inc. (a) | 458,100 | 348 | |
Vertex Pharmaceuticals, Inc. (a) | 256,122 | 73,963 | |
Vor Biopharma, Inc. (a)(b) | 298,222 | 1,983 | |
XOMA Corp. (a)(b) | 162,100 | 2,983 | |
182,359 | |||
Health Care Equipment & Supplies - 1.0% | |||
Boston Scientific Corp. (a) | 416,900 | 19,290 | |
Insulet Corp. (a) | 3,700 | 1,089 | |
Nevro Corp. (a) | 20,700 | 820 | |
Penumbra, Inc. (a) | 23,000 | 5,117 | |
26,316 | |||
Health Care Providers & Services - 6.7% | |||
Guardant Health, Inc. (a) | 187,713 | 5,106 | |
HealthEquity, Inc. (a) | 468,285 | 28,865 | |
Option Care Health, Inc. (a) | 31,000 | 933 | |
UnitedHealth Group, Inc. | 279,382 | 148,123 | |
183,027 | |||
Health Care Technology - 0.3% | |||
Certara, Inc. (a)(b) | 260,358 | 4,184 | |
Doximity, Inc. (a)(b) | 47,336 | 1,589 | |
Simulations Plus, Inc. (b) | 50,400 | 1,843 | |
7,616 | |||
Life Sciences Tools & Services - 2.6% | |||
Bio-Techne Corp. | 89,188 | 7,392 | |
Bruker Corp. | 213,552 | 14,596 | |
Charles River Laboratories International, Inc. (a) | 15,000 | 3,269 | |
Codexis, Inc. (a) | 213,101 | 993 | |
Danaher Corp. | 115,314 | 30,607 | |
Nanostring Technologies, Inc. (a) | 45,596 | 363 | |
Thermo Fisher Scientific, Inc. | 23,199 | 12,775 | |
69,995 | |||
Pharmaceuticals - 2.8% | |||
Aclaris Therapeutics, Inc. (a) | 89,364 | 1,407 | |
AstraZeneca PLC sponsored ADR | 264,607 | 17,940 | |
Eli Lilly & Co. | 140,601 | 51,437 | |
Nuvation Bio, Inc. (a) | 119,094 | 229 | |
Revance Therapeutics, Inc. (a) | 259,981 | 4,799 | |
75,812 | |||
TOTAL HEALTH CARE | 545,125 | ||
INDUSTRIALS - 10.0% | |||
Aerospace & Defense - 3.2% | |||
Axon Enterprise, Inc. (a) | 43,698 | 7,251 | |
Northrop Grumman Corp. | 47,520 | 25,927 | |
Spirit AeroSystems Holdings, Inc. Class A (b) | 474,700 | 14,051 | |
The Boeing Co. (a) | 205,286 | 39,105 | |
86,334 | |||
Electrical Equipment - 1.5% | |||
AMETEK, Inc. | 67,700 | 9,459 | |
Bloom Energy Corp. Class A (a)(b) | 58,800 | 1,124 | |
Eaton Corp. PLC | 24,097 | 3,782 | |
Hubbell, Inc. Class B (b) | 26,572 | 6,236 | |
Rockwell Automation, Inc. (b) | 77,135 | 19,868 | |
40,469 | |||
Industrial Conglomerates - 0.8% | |||
General Electric Co. | 253,000 | 21,199 | |
Machinery - 1.8% | |||
Chart Industries, Inc. (a)(b) | 30,532 | 3,518 | |
Ingersoll Rand, Inc. | 502,900 | 26,277 | |
Parker Hannifin Corp. | 40,116 | 11,674 | |
Westinghouse Air Brake Tech Co. | 81,004 | 8,085 | |
49,554 | |||
Professional Services - 1.5% | |||
ASGN, Inc. (a) | 66,920 | 5,453 | |
KBR, Inc. | 596,045 | 31,471 | |
Kforce, Inc. | 24,400 | 1,338 | |
Upwork, Inc. (a) | 204,772 | 2,138 | |
40,400 | |||
Road & Rail - 0.3% | |||
Old Dominion Freight Lines, Inc. | 31,239 | 8,865 | |
Trading Companies & Distributors - 0.9% | |||
Ferguson PLC | 179,726 | 22,684 | |
TOTAL INDUSTRIALS | 269,505 | ||
INFORMATION TECHNOLOGY - 26.0% | |||
IT Services - 1.6% | |||
Cloudflare, Inc. (a) | 140,276 | 6,342 | |
MasterCard, Inc. Class A | 62,482 | 21,727 | |
MongoDB, Inc. Class A (a) | 73,317 | 14,432 | |
Snowflake, Inc. (a) | 5,100 | 732 | |
43,233 | |||
Semiconductors & Semiconductor Equipment - 4.9% | |||
Aixtron AG | 309,465 | 8,934 | |
Allegro MicroSystems LLC (a) | 79,500 | 2,387 | |
ASML Holding NV | 24,332 | 13,295 | |
eMemory Technology, Inc. | 24,000 | 1,037 | |
Enphase Energy, Inc. (a) | 90,310 | 23,929 | |
Monolithic Power Systems, Inc. | 4,600 | 1,627 | |
NVIDIA Corp. | 228,229 | 33,353 | |
NXP Semiconductors NV | 34,254 | 5,413 | |
Qualcomm, Inc. | 196,918 | 21,649 | |
Silicon Laboratories, Inc. (a) | 5,000 | 678 | |
SiTime Corp. (a) | 82,885 | 8,423 | |
Universal Display Corp. | 106,768 | 11,535 | |
132,260 | |||
Software - 15.8% | |||
Adobe, Inc. (a) | 152,079 | 51,179 | |
Confluent, Inc. (a) | 149,192 | 3,318 | |
Elastic NV (a) | 1,800 | 93 | |
HashiCorp, Inc. (b) | 120,110 | 3,284 | |
HubSpot, Inc. (a) | 15,161 | 4,383 | |
Intuit, Inc. | 59,866 | 23,301 | |
Manhattan Associates, Inc. (a) | 111,308 | 13,513 | |
Microsoft Corp. | 1,130,882 | 271,209 | |
Oracle Corp. | 371,743 | 30,386 | |
Palo Alto Networks, Inc. (a) | 189,103 | 26,387 | |
Volue A/S (a) | 579,724 | 1,666 | |
428,719 | |||
Technology Hardware, Storage & Peripherals - 3.7% | |||
Apple, Inc. | 758,458 | 98,546 | |
TOTAL INFORMATION TECHNOLOGY | 702,758 | ||
MATERIALS - 3.4% | |||
Chemicals - 3.0% | |||
Albemarle Corp. | 103,599 | 22,466 | |
Aspen Aerogels, Inc. (a) | 274,400 | 3,235 | |
CF Industries Holdings, Inc. | 236,561 | 20,155 | |
Sherwin-Williams Co. | 146,845 | 34,851 | |
80,707 | |||
Metals & Mining - 0.4% | |||
Lynas Rare Earths Ltd. (a) | 1,122,285 | 5,916 | |
MP Materials Corp. (a)(b) | 202,380 | 4,914 | |
10,830 | |||
TOTAL MATERIALS | 91,537 | ||
REAL ESTATE - 0.1% | |||
Real Estate Management & Development - 0.1% | |||
Doma Holdings, Inc. (a)(c) | 331,286 | 150 | |
WeWork, Inc. (a)(b) | 1,628,500 | 2,329 | |
2,479 | |||
UTILITIES - 0.0% | |||
Independent Power and Renewable Electricity Producers - 0.0% | |||
Brookfield Renewable Partners LP | 47,500 | 1,204 | |
TOTAL COMMON STOCKS (Cost $1,966,643) | 2,656,903 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) (000s) | ||
HEALTH CARE - 0.0% | |||
Biotechnology - 0.0% | |||
ElevateBio LLC Series C (a)(c)(d) | 75,700 | 277 | |
INFORMATION TECHNOLOGY - 0.0% | |||
IT Services - 0.0% | |||
AppNexus, Inc. Series E (Escrow) (a)(c)(d) | 48,212 | 2 | |
Software - 0.0% | |||
ASAPP, Inc. Series C (a)(c)(d) | 250,763 | 1,053 | |
TOTAL INFORMATION TECHNOLOGY | 1,055 | ||
MATERIALS - 0.3% | |||
Metals & Mining - 0.3% | |||
Illuminated Holdings, Inc.: | |||
Series C2 (a)(c)(d) | 50,974 | 2,415 | |
Series C3 (a)(c)(d) | 63,718 | 3,018 | |
Series C4 (a)(c)(d) | 18,303 | 867 | |
Series C5 (a)(c)(d) | 36,887 | 1,747 | |
8,047 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS (Cost $7,411) | 9,379 | ||
Money Market Funds - 3.5% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 4.37% (f) | 66,502,838 | 66,516 | |
Fidelity Securities Lending Cash Central Fund 4.37% (f)(g) | 28,030,963 | 28,034 | |
TOTAL MONEY MARKET FUNDS (Cost $94,550) | 94,550 | ||
TOTAL INVESTMENT IN SECURITIES - 101.9% (Cost $2,068,604) | 2,760,832 |
NET OTHER ASSETS (LIABILITIES) - (1.9)% | (52,279) |
NET ASSETS - 100.0% | 2,708,553 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | 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 $11,644,000 or 0.4% of net assets. |
(d) | Level 3 security |
(e) | 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 $16,048,000 or 0.6% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
AppNexus, Inc. Series E (Escrow) | 8/01/14 | 0 |
ASAPP, Inc. Series C | 4/30/21 | 1,654 |
Blu Investments LLC | 5/21/20 | 6 |
Doma Holdings, Inc. | 3/02/21 | 3,313 |
ElevateBio LLC Series C | 3/09/21 | 318 |
Epic Games, Inc. | 3/29/21 | 1,986 |
Illuminated Holdings, Inc. Series C2 | 7/07/20 | 1,274 |
Illuminated Holdings, Inc. Series C3 | 7/07/20 | 1,912 |
Illuminated Holdings, Inc. Series C4 | 1/08/21 | 659 |
Illuminated Holdings, Inc. Series C5 | 6/16/21 | 1,594 |
Innovid Corp. | 6/24/21 | 1,663 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.37% | 6,259 | 363,548 | 303,291 | 604 | - | - | 66,516 | 0.2% |
Fidelity Securities Lending Cash Central Fund 4.37% | 109,945 | 163,875 | 245,786 | 271 | - | - | 28,034 | 0.1% |
Total | 116,204 | 527,423 | 549,077 | 875 | - | - | 94,550 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 322,725 | 258,739 | 62,156 | 1,830 |
Consumer Discretionary | 285,382 | 254,001 | 31,380 | 1 |
Consumer Staples | 121,897 | 121,897 | - | - |
Energy | 145,274 | 102,996 | 42,278 | - |
Financials | 169,017 | 167,533 | 1,484 | - |
Health Care | 545,402 | 540,137 | 4,744 | 521 |
Industrials | 269,505 | 269,505 | - | - |
Information Technology | 703,813 | 701,721 | 1,037 | 1,055 |
Materials | 99,584 | 85,621 | 5,916 | 8,047 |
Real Estate | 2,479 | 2,479 | - | - |
Utilities | 1,204 | 1,204 | - | - |
Money Market Funds | 94,550 | 94,550 | - | - |
Total Investments in Securities: | 2,760,832 | 2,600,383 | 148,995 | 11,454 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | December 31, 2022 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $27,596) - See accompanying schedule: | $ | |||
Unaffiliated issuers (cost $1,974,054) | 2,666,282 | |||
Fidelity Central Funds (cost $94,550) | 94,550 | |||
Total Investment in Securities (cost $2,068,604) | $ | 2,760,832 | ||
Foreign currency held at value (cost $58) | 59 | |||
Receivable for investments sold | 2,723 | |||
Receivable for fund shares sold | 2,821 | |||
Dividends receivable | 1,847 | |||
Distributions receivable from Fidelity Central Funds | 232 | |||
Prepaid expenses | 3 | |||
Other receivables | 18 | |||
Total assets | 2,768,535 | |||
Liabilities | ||||
Payable for investments purchased | $25,542 | |||
Payable for fund shares redeemed | 2,138 | |||
Accrued management fee | 1,690 | |||
Other affiliated payables | 371 | |||
Other payables and accrued expenses | 2,213 | |||
Collateral on securities loaned | 28,028 | |||
Total Liabilities | 59,982 | |||
Net Assets | $ | 2,708,553 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,024,844 | ||
Total accumulated earnings (loss) | 683,709 | |||
Net Assets | $ | 2,708,553 | ||
Net Asset Value and Maximum Offering Price | ||||
Growth Discovery : | ||||
Net Asset Value , offering price and redemption price per share ($2,402,169 ÷ 58,845 shares) | $ | 40.82 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($306,384 ÷ 7,492 shares) | $ | 40.89 |
Statement of Operations | ||||
Amounts in thousands | Six months ended December 31, 2022 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 21,866 | ||
Income from Fidelity Central Funds (including $271 from security lending) | 875 | |||
Total Income | 22,741 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 7,396 | ||
Performance adjustment | 2,566 | |||
Transfer agent fees | 1,858 | |||
Accounting fees | 365 | |||
Custodian fees and expenses | 26 | |||
Independent trustees' fees and expenses | 5 | |||
Registration fees | 52 | |||
Audit | 33 | |||
Legal | 5 | |||
Interest | 17 | |||
Miscellaneous | 7 | |||
Total expenses before reductions | 12,330 | |||
Expense reductions | (52) | |||
Total expenses after reductions | 12,278 | |||
Net Investment income (loss) | 10,463 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $419) | (2,673) | |||
Foreign currency transactions | 34 | |||
Total net realized gain (loss) | (2,639) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $648) | (36,771) | |||
Assets and liabilities in foreign currencies | 3 | |||
Total change in net unrealized appreciation (depreciation) | (36,768) | |||
Net gain (loss) | (39,407) | |||
Net increase (decrease) in net assets resulting from operations | $ | (28,944) |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended December 31, 2022 (Unaudited) | Year ended June 30, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 10,463 | $ | (4,098) |
Net realized gain (loss) | (2,639) | 226,790 | ||
Change in net unrealized appreciation (depreciation) | (36,768) | (774,350) | ||
Net increase (decrease) in net assets resulting from operations | (28,944) | (551,658) | ||
Distributions to shareholders | (98,036) | (443,712) | ||
Share transactions - net increase (decrease) | 67,118 | 389,486 | ||
Total increase (decrease) in net assets | (59,862) | (605,884) | ||
Net Assets | ||||
Beginning of period | 2,768,415 | 3,374,299 | ||
End of period | $ | 2,708,553 | $ | 2,768,415 |
Fidelity® Growth Discovery Fund |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 42.65 | $ | 58.70 | $ | 45.22 | $ | 37.74 | $ | 35.75 | $ | 30.58 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | (.07) | (.07) | .03 | .04 | .07 | ||||||
Net realized and unrealized gain (loss) | (.50) | (8.48) | 18.53 | 9.15 | 3.51 | 6.71 | ||||||
Total from investment operations | (.34) | (8.55) | 18.46 | 9.18 | 3.55 | 6.78 | ||||||
Distributions from net investment income | (.01) | (.13) | (.01) | (.02) | (.06) | (.05) | ||||||
Distributions from net realized gain | (1.48) | (7.37) | (4.98) | (1.68) | (1.50) | (1.56) | ||||||
Total distributions | (1.49) | (7.50) | (4.98) C | (1.70) | (1.56) | (1.61) | ||||||
Net asset value, end of period | $ | 40.82 | $ | 42.65 | $ | 58.70 | $ | 45.22 | $ | 37.74 | $ | 35.75 |
Total Return D,E | (1.19)% | (17.10)% | 43.10% | 25.33% | 10.33% | 22.94% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .89% H | .77% | .79% | .79% | .77% | .74% | ||||||
Expenses net of fee waivers, if any | .89% H | .77% | .79% | .79% | .77% | .74% | ||||||
Expenses net of all reductions | .89% H | .77% | .78% | .78% | .76% | .73% | ||||||
Net investment income (loss) | .73% H | (.14)% | (.12)% | .06% | .11% | .22% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 2,402 | $ | 2,339 | $ | 2,944 | $ | 2,094 | $ | 1,707 | $ | 1,546 |
Portfolio turnover rate I | 38% H | 45% | 51% | 54% | 49% | 45% |
Fidelity® Growth Discovery Fund Class K |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 42.71 | $ | 58.78 | $ | 45.27 | $ | 37.78 | $ | 35.78 | $ | 30.61 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .18 | (.02) | (.02) | .06 | .08 | .11 | ||||||
Net realized and unrealized gain (loss) | (.49) | (8.50) | 18.56 | 9.17 | 3.52 | 6.71 | ||||||
Total from investment operations | (.31) | (8.52) | 18.54 | 9.23 | 3.60 | 6.82 | ||||||
Distributions from net investment income | (.03) | (.16) | (.03) | (.06) | (.10) | (.09) | ||||||
Distributions from net realized gain | (1.48) | (7.40) | (5.00) | (1.68) | (1.50) | (1.56) | ||||||
Total distributions | (1.51) | (7.55) C | (5.03) | (1.74) | (1.60) | (1.65) | ||||||
Net asset value, end of period | $ | 40.89 | $ | 42.71 | $ | 58.78 | $ | 45.27 | $ | 37.78 | $ | 35.78 |
Total Return D,E | (1.12)% | (17.04)% | 43.25% | 25.46% | 10.47% | 23.05% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .79% H | .68% | .69% | .69% | .66% | .63% | ||||||
Expenses net of fee waivers, if any | .78% H | .68% | .69% | .69% | .66% | .63% | ||||||
Expenses net of all reductions | .78% H | .68% | .69% | .68% | .66% | .63% | ||||||
Net investment income (loss) | .84% H | (.05)% | (.03)% | .17% | .22% | .32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 306 | $ | 430 | $ | 430 | $ | 316 | $ | 366 | $ | 361 |
Portfolio turnover rate I | 38% H | 45% | 51% | 54% | 49% | 45% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Dividend Income | Net Unrealized Appreciation (Depreciation) | |
Fidelity Growth Discovery Fund | $ 8,427 | $ (8,427) |
Gross unrealized appreciation | $851,194 |
Gross unrealized depreciation | (168,533) |
Net unrealized appreciation (depreciation) | $682,661 |
Tax cost | $2,078,171 |
Purchases ($) | Sales ($) | |
Fidelity Growth Discovery Fund | 519,257 | 588,433 |
Amount | % of Class-Level Average Net Assets A | |
Growth Discovery | $1,784 | .15 |
Class K | 74 | .04 |
$1,858 |
% of Average Net Assets | |
Fidelity Growth Discovery Fund | .03 |
Amount | |
Fidelity Growth Discovery Fund | $ 10 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Growth Discovery Fund | Borrower | $16,173 | 3.01% | $15 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Growth Discovery Fund | 28,555 | 39,783 | (2,512) |
Amount | |
Fidelity Growth Discovery Fund | $ 3 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Growth Discovery Fund | $ 28 | $ 2 | $162 |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Growth Discovery Fund | $ 1,639 | 3.58% | $ 2 |
Six months ended December 31, 2022 | Year ended June 30, 2022 | |
Fidelity Growth Discovery Fund | ||
Distributions to shareholders | ||
Growth Discovery | $82,690 | $386,457 |
Class K | 15,346 | 57,255 |
Total | $98,036 | $443,712 |
Shares | Shares | Dollars | Dollars | |
Six months ended December 31, 2022 | Year ended June 30, 2022 | Six months ended December 31, 2022 | Year ended June 30, 2022 | |
Fidelity Growth Discovery Fund | ||||
Growth Discovery | ||||
Shares sold | 7,256 | 7,475 | $311,633 | $391,110 |
Reinvestment of distributions | 1,665 | 6,660 | 76,651 | 364,307 |
Shares redeemed | (4,910) | (9,455) | (208,807) | (488,310) |
Net increase (decrease) | 4,011 | 4,680 | $179,477 | $267,107 |
Class K | ||||
Shares sold | 2,288 | 4,366 | $97,316 | $204,465 |
Reinvestment of distributions | 333 | 1,046 | 15,346 | 57,255 |
Shares redeemed | (5,192) | (2,667) | (225,021) | (139,341) |
Net increase (decrease) | (2,571) | 2,745 | $(112,359) | $122,379 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2022 to December 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2022 | Ending Account Value December 31, 2022 | Expenses Paid During Period- C July 1, 2022 to December 31, 2022 | |||||||
Fidelity® Growth Discovery Fund | ||||||||||
Fidelity® Growth Discovery Fund | .89% | |||||||||
Actual | $ 1,000 | $ 988.10 | $ 4.46 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.72 | $ 4.53 | |||||||
Class K | .78% | |||||||||
Actual | $ 1,000 | $ 988.80 | $ 3.91 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.27 | $ 3.97 | |||||||
Contents
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. | 10.3 | |
Microsoft Corp. | 9.4 | |
Alphabet, Inc. Class A | 6.7 | |
UnitedHealth Group, Inc. | 3.5 | |
The Home Depot, Inc. | 2.2 | |
Costco Wholesale Corp. | 2.1 | |
Danaher Corp. | 2.0 | |
Eli Lilly & Co. | 2.0 | |
JPMorgan Chase & Co. | 1.9 | |
Visa, Inc. Class A | 1.8 | |
41.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 36.0 | |
Health Care | 16.6 | |
Communication Services | 10.7 | |
Financials | 9.2 | |
Consumer Discretionary | 8.7 | |
Energy | 6.0 | |
Consumer Staples | 4.5 | |
Industrials | 3.2 | |
Materials | 1.4 | |
Utilities | 1.3 | |
Real Estate | 0.1 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 1.3% |
Common Stocks - 97.7% | |||
Shares | Value ($) (000s) | ||
COMMUNICATION SERVICES - 10.7% | |||
Diversified Telecommunication Services - 0.9% | |||
Verizon Communications, Inc. | 1,225,600 | 48,289 | |
Entertainment - 0.7% | |||
Activision Blizzard, Inc. | 503,800 | 38,566 | |
Interactive Media & Services - 7.9% | |||
Alphabet, Inc.: | |||
Class A (a) | 4,194,200 | 370,054 | |
Class C (a) | 430,000 | 38,154 | |
Meta Platforms, Inc. Class A (a) | 225,000 | 27,077 | |
435,285 | |||
Media - 1.2% | |||
Comcast Corp. Class A | 1,820,500 | 63,663 | |
TOTAL COMMUNICATION SERVICES | 585,803 | ||
CONSUMER DISCRETIONARY - 8.7% | |||
Distributors - 0.2% | |||
Genuine Parts Co. | 77,500 | 13,447 | |
Hotels, Restaurants & Leisure - 0.1% | |||
Airbnb, Inc. Class A (a) | 20,400 | 1,744 | |
Domino's Pizza, Inc. | 9,700 | 3,360 | |
5,104 | |||
Household Durables - 0.2% | |||
NVR, Inc. (a) | 2,520 | 11,624 | |
Internet & Direct Marketing Retail - 1.7% | |||
Amazon.com, Inc. (a) | 1,116,000 | 93,744 | |
Multiline Retail - 1.3% | |||
Dollar General Corp. | 289,400 | 71,265 | |
Specialty Retail - 5.2% | |||
AutoZone, Inc. (a) | 21,100 | 52,036 | |
Lowe's Companies, Inc. | 243,400 | 48,495 | |
O'Reilly Automotive, Inc. (a) | 67,700 | 57,141 | |
The Home Depot, Inc. | 382,000 | 120,659 | |
Tractor Supply Co. | 16,100 | 3,622 | |
281,953 | |||
TOTAL CONSUMER DISCRETIONARY | 477,137 | ||
CONSUMER STAPLES - 4.5% | |||
Food & Staples Retailing - 2.2% | |||
Costco Wholesale Corp. | 250,000 | 114,125 | |
Walmart, Inc. | 45,700 | 6,480 | |
120,605 | |||
Household Products - 1.7% | |||
Procter & Gamble Co. | 600,000 | 90,936 | |
Personal Products - 0.6% | |||
Estee Lauder Companies, Inc. Class A | 138,700 | 34,413 | |
TOTAL CONSUMER STAPLES | 245,954 | ||
ENERGY - 6.0% | |||
Oil, Gas & Consumable Fuels - 6.0% | |||
Chevron Corp. | 285,800 | 51,298 | |
Exxon Mobil Corp. | 699,500 | 77,155 | |
Marathon Petroleum Corp. | 490,800 | 57,124 | |
Occidental Petroleum Corp. | 1,044,800 | 65,812 | |
PDC Energy, Inc. | 546,173 | 34,671 | |
Valero Energy Corp. | 317,900 | 40,329 | |
326,389 | |||
FINANCIALS - 9.2% | |||
Banks - 3.4% | |||
Bank of America Corp. | 2,243,811 | 74,315 | |
JPMorgan Chase & Co. | 762,800 | 102,291 | |
Wells Fargo & Co. | 264,400 | 10,917 | |
187,523 | |||
Capital Markets - 4.2% | |||
Ameriprise Financial, Inc. | 48,000 | 14,946 | |
Morgan Stanley | 351,800 | 29,910 | |
MSCI, Inc. | 186,559 | 86,782 | |
Raymond James Financial, Inc. | 416,300 | 44,482 | |
S&P Global, Inc. | 114,900 | 38,485 | |
T. Rowe Price Group, Inc. | 115,100 | 12,553 | |
227,158 | |||
Insurance - 1.6% | |||
Arthur J. Gallagher & Co. | 303,600 | 57,241 | |
Hartford Financial Services Group, Inc. | 299,000 | 22,673 | |
Progressive Corp. | 57,200 | 7,419 | |
87,333 | |||
TOTAL FINANCIALS | 502,014 | ||
HEALTH CARE - 16.6% | |||
Biotechnology - 3.0% | |||
Gilead Sciences, Inc. | 624,200 | 53,588 | |
Regeneron Pharmaceuticals, Inc. (a) | 80,000 | 57,719 | |
Vertex Pharmaceuticals, Inc. (a) | 190,400 | 54,984 | |
166,291 | |||
Health Care Equipment & Supplies - 1.2% | |||
Edwards Lifesciences Corp. (a) | 336,300 | 25,091 | |
Intuitive Surgical, Inc. (a) | 70,100 | 18,601 | |
ResMed, Inc. | 102,000 | 21,229 | |
64,921 | |||
Health Care Providers & Services - 5.0% | |||
McKesson Corp. | 126,800 | 47,565 | |
Molina Healthcare, Inc. (a) | 108,500 | 35,829 | |
UnitedHealth Group, Inc. | 359,100 | 190,388 | |
273,782 | |||
Health Care Technology - 0.2% | |||
Doximity, Inc. (a)(b) | 260,000 | 8,726 | |
Life Sciences Tools & Services - 3.8% | |||
Danaher Corp. | 405,000 | 107,495 | |
Mettler-Toledo International, Inc. (a) | 6,800 | 9,829 | |
Thermo Fisher Scientific, Inc. | 162,000 | 89,212 | |
206,536 | |||
Pharmaceuticals - 3.4% | |||
Eli Lilly & Co. | 293,000 | 107,191 | |
Merck & Co., Inc. | 548,412 | 60,846 | |
Zoetis, Inc. Class A | 127,900 | 18,744 | |
186,781 | |||
TOTAL HEALTH CARE | 907,037 | ||
INDUSTRIALS - 3.2% | |||
Building Products - 0.5% | |||
Carrier Global Corp. | 651,000 | 26,854 | |
Commercial Services & Supplies - 0.5% | |||
Copart, Inc. (a) | 130,000 | 7,916 | |
Waste Management, Inc. | 130,000 | 20,394 | |
28,310 | |||
Construction & Engineering - 0.2% | |||
Quanta Services, Inc. | 63,600 | 9,063 | |
Electrical Equipment - 0.2% | |||
AMETEK, Inc. | 93,051 | 13,001 | |
Machinery - 1.1% | |||
Caterpillar, Inc. | 44,200 | 10,589 | |
IDEX Corp. | 21,756 | 4,968 | |
Otis Worldwide Corp. | 339,700 | 26,602 | |
Parker Hannifin Corp. | 72,700 | 21,156 | |
63,315 | |||
Road & Rail - 0.5% | |||
Old Dominion Freight Lines, Inc. | 93,000 | 26,392 | |
Trading Companies & Distributors - 0.2% | |||
W.W. Grainger, Inc. | 15,700 | 8,733 | |
TOTAL INDUSTRIALS | 175,668 | ||
INFORMATION TECHNOLOGY - 36.0% | |||
Electronic Equipment & Components - 1.1% | |||
Amphenol Corp. Class A | 610,000 | 46,445 | |
Keysight Technologies, Inc. (a) | 75,000 | 12,830 | |
59,275 | |||
IT Services - 4.8% | |||
Accenture PLC Class A | 116,400 | 31,060 | |
Adyen BV (a)(c) | 2,400 | 3,332 | |
Automatic Data Processing, Inc. | 169,200 | 40,415 | |
MasterCard, Inc. Class A | 232,300 | 80,778 | |
Snowflake, Inc. (a) | 77,100 | 11,067 | |
Visa, Inc. Class A | 470,000 | 97,647 | |
264,299 | |||
Semiconductors & Semiconductor Equipment - 6.6% | |||
Analog Devices, Inc. | 288,700 | 47,355 | |
ASML Holding NV | 74,200 | 40,543 | |
Broadcom, Inc. | 137,000 | 76,601 | |
Enphase Energy, Inc. (a) | 31,900 | 8,452 | |
KLA Corp. | 170,000 | 64,095 | |
Lam Research Corp. | 106,100 | 44,594 | |
Monolithic Power Systems, Inc. | 56,800 | 20,085 | |
onsemi (a) | 848,998 | 52,952 | |
Texas Instruments, Inc. | 50,000 | 8,261 | |
362,938 | |||
Software - 13.2% | |||
Adobe, Inc. (a) | 95,000 | 31,970 | |
Autodesk, Inc. (a) | 69,100 | 12,913 | |
Cadence Design Systems, Inc. (a) | 262,500 | 42,168 | |
Fortinet, Inc. (a) | 1,270,000 | 62,090 | |
Microsoft Corp. | 2,135,000 | 512,016 | |
Roper Technologies, Inc. | 66,000 | 28,518 | |
Synopsys, Inc. (a) | 50,000 | 15,965 | |
Zoom Video Communications, Inc. Class A (a) | 239,300 | 16,210 | |
721,850 | |||
Technology Hardware, Storage & Peripherals - 10.3% | |||
Apple, Inc. | 4,311,500 | 560,189 | |
TOTAL INFORMATION TECHNOLOGY | 1,968,551 | ||
MATERIALS - 1.4% | |||
Chemicals - 1.0% | |||
CF Industries Holdings, Inc. | 233,700 | 19,911 | |
Sherwin-Williams Co. | 153,200 | 36,359 | |
56,270 | |||
Metals & Mining - 0.4% | |||
Steel Dynamics, Inc. | 210,500 | 20,566 | |
TOTAL MATERIALS | 76,836 | ||
REAL ESTATE - 0.1% | |||
Equity Real Estate Investment Trusts (REITs) - 0.1% | |||
VICI Properties, Inc. | 187,000 | 6,059 | |
UTILITIES - 1.3% | |||
Electric Utilities - 1.3% | |||
NextEra Energy, Inc. | 850,000 | 71,060 | |
TOTAL COMMON STOCKS (Cost $2,704,673) | 5,342,508 | ||
Money Market Funds - 2.3% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 4.37% (d) | 118,159,065 | 118,183 | |
Fidelity Securities Lending Cash Central Fund 4.37% (d)(e) | 5,326,642 | 5,327 | |
TOTAL MONEY MARKET FUNDS (Cost $123,508) | 123,510 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $2,828,181) | 5,466,018 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (866) |
NET ASSETS - 100.0% | 5,465,152 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan 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 $3,332,000 or 0.1% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | 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 4.37% | 102,346 | 1,323,391 | 1,307,554 | 2,186 | - | - | 118,183 | 0.3% |
Fidelity Securities Lending Cash Central Fund 4.37% | - | 37,592 | 32,265 | 2 | - | - | 5,327 | 0.0% |
Total | 102,346 | 1,360,983 | 1,339,819 | 2,188 | - | - | 123,510 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 585,803 | 585,803 | - | - |
Consumer Discretionary | 477,137 | 477,137 | - | - |
Consumer Staples | 245,954 | 245,954 | - | - |
Energy | 326,389 | 326,389 | - | - |
Financials | 502,014 | 502,014 | - | - |
Health Care | 907,037 | 907,037 | - | - |
Industrials | 175,668 | 175,668 | - | - |
Information Technology | 1,968,551 | 1,965,219 | 3,332 | - |
Materials | 76,836 | 76,836 | - | - |
Real Estate | 6,059 | 6,059 | - | - |
Utilities | 71,060 | 71,060 | - | - |
Money Market Funds | 123,510 | 123,510 | - | - |
Total Investments in Securities: | 5,466,018 | 5,462,686 | 3,332 | - |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | December 31, 2022 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $5,145) - See accompanying schedule: | $ | |||
Unaffiliated issuers (cost $2,704,673) | 5,342,508 | |||
Fidelity Central Funds (cost $123,508) | 123,510 | |||
Total Investment in Securities (cost $2,828,181) | $ | 5,466,018 | ||
Cash | 3 | |||
Receivable for investments sold | 4,704 | |||
Receivable for fund shares sold | 1,595 | |||
Dividends receivable | 2,284 | |||
Distributions receivable from Fidelity Central Funds | 469 | |||
Prepaid expenses | 7 | |||
Other receivables | 34 | |||
Total assets | 5,475,114 | |||
Liabilities | ||||
Payable for fund shares redeemed | $2,392 | |||
Accrued management fee | 1,484 | |||
Transfer agent fee payable | 593 | |||
Other affiliated payables | 82 | |||
Other payables and accrued expenses | 84 | |||
Collateral on securities loaned | 5,327 | |||
Total Liabilities | 9,962 | |||
Net Assets | $ | 5,465,152 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,822,503 | ||
Total accumulated earnings (loss) | 2,642,649 | |||
Net Assets | $ | 5,465,152 | ||
Net Asset Value and Maximum Offering Price | ||||
Fidelity Fund : | ||||
Net Asset Value , offering price and redemption price per share ($5,263,442 ÷ 90,262 shares) | $ | 58.31 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($201,710 ÷ 3,459 shares) | $ | 58.31 |
Statement of Operations | ||||
Amounts in thousands | Six months ended December 31, 2022 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 32,113 | ||
Income from Fidelity Central Funds (including $2 from security lending) | 2,188 | |||
Total Income | 34,301 | |||
Expenses | ||||
Management fee | $ | 9,402 | ||
Transfer agent fees | 3,626 | |||
Accounting fees | 498 | |||
Custodian fees and expenses | 26 | |||
Independent trustees' fees and expenses | 11 | |||
Registration fees | 37 | |||
Audit | 43 | |||
Legal | 10 | |||
Miscellaneous | 4 | |||
Total expenses before reductions | 13,657 | |||
Expense reductions | (112) | |||
Total expenses after reductions | 13,545 | |||
Net Investment income (loss) | 20,756 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 192,927 | |||
Foreign currency transactions | (2) | |||
Total net realized gain (loss) | 192,925 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (102,259) | |||
Assets and liabilities in foreign currencies | (3) | |||
Total change in net unrealized appreciation (depreciation) | (102,262) | |||
Net gain (loss) | 90,663 | |||
Net increase (decrease) in net assets resulting from operations | $ | 111,419 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended December 31, 2022 (Unaudited) | Year ended June 30, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 20,756 | $ | 27,117 |
Net realized gain (loss) | 192,925 | (83,073) | ||
Change in net unrealized appreciation (depreciation) | (102,262) | (1,118,766) | ||
Net increase (decrease) in net assets resulting from operations | 111,419 | (1,174,722) | ||
Distributions to shareholders | (38,569) | (363,444) | ||
Share transactions - net increase (decrease) | (749,367) | 510,634 | ||
Total increase (decrease) in net assets | (676,517) | (1,027,532) | ||
Net Assets | ||||
Beginning of period | 6,141,669 | 7,169,201 | ||
End of period | $ | 5,465,152 | $ | 6,141,669 |
Fidelity® Fund |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 58.06 | $ | 72.20 | $ | 54.21 | $ | 47.60 | $ | 46.86 | $ | 44.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .21 | .25 | .28 | .39 | .46 | .45 | ||||||
Net realized and unrealized gain (loss) | .43 | (10.75) | 19.40 | 8.96 | 3.26 | 6.74 | ||||||
Total from investment operations | .64 | (10.50) | 19.68 | 9.35 | 3.72 | 7.19 | ||||||
Distributions from net investment income | (.39) | (.21) | (.32) | (.42) | (.44) | (.45) | ||||||
Distributions from net realized gain | - | (3.44) | (1.38) | (2.32) | (2.54) | (4.80) | ||||||
Total distributions | (.39) | (3.64) C | (1.69) C | (2.74) | (2.98) | (5.25) | ||||||
Net asset value, end of period | $ | 58.31 | $ | 58.06 | $ | 72.20 | $ | 54.21 | $ | 47.60 | $ | 46.86 |
Total Return D,E | 1.06% | (15.60)% | 36.94% | 20.51% | 8.27% | 17.51% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .47% H | .45% | .47% | .48% | .50% | .50% | ||||||
Expenses net of fee waivers, if any | .46% H | .45% | .47% | .48% | .49% | .50% | ||||||
Expenses net of all reductions | .46% H | .45% | .46% | .48% | .49% | .50% | ||||||
Net investment income (loss) | .69% H | .35% | .44% | .79% | 1.01% | .99% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 5,263 | $ | 5,468 | $ | 6,758 | $ | 4,402 | $ | 4,019 | $ | 4,129 |
Portfolio turnover rate I | 40% H | 39% | 34% J | 51% | 45% | 38% |
Fidelity® Fund Class K |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 58.07 | $ | 72.21 | $ | 54.20 | $ | 47.60 | $ | 46.86 | $ | 44.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .24 | .30 | .33 | .43 | .50 | .49 | ||||||
Net realized and unrealized gain (loss) | .43 | (10.74) | 19.41 | 8.96 | 3.26 | 6.74 | ||||||
Total from investment operations | .67 | (10.44) | 19.74 | 9.39 | 3.76 | 7.23 | ||||||
Distributions from net investment income | (.43) | (.26) | (.35) | (.46) | (.48) | (.49) | ||||||
Distributions from net realized gain | - | (3.44) | (1.38) | (2.32) | (2.54) | (4.80) | ||||||
Total distributions | (.43) | (3.70) | (1.73) | (2.79) C | (3.02) | (5.29) | ||||||
Net asset value, end of period | $ | 58.31 | $ | 58.07 | $ | 72.21 | $ | 54.20 | $ | 47.60 | $ | 46.86 |
Total Return D,E | 1.11% | (15.54)% | 37.07% | 20.60% | 8.37% | 17.63% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .38% H | .38% | .39% | .40% | .40% | .41% | ||||||
Expenses net of fee waivers, if any | .38% H | .37% | .39% | .40% | .40% | .41% | ||||||
Expenses net of all reductions | .38% H | .37% | .38% | .39% | .40% | .40% | ||||||
Net investment income (loss) | .78% H | .43% | .52% | .87% | 1.10% | 1.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 202 | $ | 674 | $ | 411 | $ | 522 | $ | 326 | $ | 450 |
Portfolio turnover rate I | 40% H | 39% | 34% J | 51% | 45% | 38% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Fidelity Fund | $32 |
Gross unrealized appreciation | $2,650,948 |
Gross unrealized depreciation | (15,154) |
Net unrealized appreciation (depreciation) | $2,635,794 |
Tax cost | $2,830,224 |
Purchases ($) | Sales ($) | |
Fidelity Fund | 1,165,424 | 1,953,095 |
Amount | % of Class-Level Average Net Assets A | |
Fidelity Fund | $3,548 | .13 |
Class K | 78 | .04 |
$3,626 |
% of Average Net Assets | |
Fidelity Fund | .02 |
Amount | |
Fidelity Fund | $ 17 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Fund | 47,651 | 61,405 | 681 |
Amount | |
Fidelity Fund | $ 6 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Fund | $ - A | $ - | $- |
Six months ended December 31, 2022 | Year ended June 30, 2022 | |
Fidelity Fund | ||
Distributions to shareholders | ||
Fidelity Fund | $35,624 | $341,399 |
Class K | 2,945 | 22,045 |
Total | 38,569 | $363,444 |
Shares | Shares | Dollars | Dollars | |
Six months ended December 31, 2022 | Year ended June 30, 2022 | Six months ended December 31, 2022 | Year ended June 30, 2022 | |
Fidelity Fund | ||||
Fidelity Fund | ||||
Shares sold | 1,228 | 6,458 | $74,685 | $468,923 |
Reinvestment of distributions | 522 | 4,251 | 32,237 | 314,473 |
Shares redeemed | (5,668) | (10,130) | (345,572) | (715,852) |
Net increase (decrease) | (3,918) | 579 | $(238,650) | $67,544 |
Class K | ||||
Shares sold | 358 | 11,006 | $21,975 | $775,725 |
Reinvestment of distributions | 47 | 296 | 2,945 | 22,045 |
Shares redeemed | (8,551) | (5,394) | (535,637) | (354,680) |
Net increase (decrease) | (8,146) | 5,908 | $(510,717) | $443,090 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2022 to December 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2022 | Ending Account Value December 31, 2022 | Expenses Paid During Period- C July 1, 2022 to December 31, 2022 | |||||||
Fidelity® Fund | ||||||||||
Fidelity® Fund | .46% | |||||||||
Actual | $ 1,000 | $ 1,010.60 | $ 2.33 | |||||||
Hypothetical- B | $ 1,000 | $ 1,022.89 | $ 2.35 | |||||||
Class K | .38% | |||||||||
Actual | $ 1,000 | $ 1,011.10 | $ 1.93 | |||||||
Hypothetical- B | $ 1,000 | $ 1,023.29 | $ 1.94 | |||||||
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 7.7 | |
General Electric Co. | 6.1 | |
Microsoft Corp. | 5.8 | |
Wells Fargo & Co. | 5.0 | |
Bank of America Corp. | 2.9 | |
Apple, Inc. | 2.8 | |
Hess Corp. | 2.3 | |
The Boeing Co. | 2.1 | |
Bristol-Myers Squibb Co. | 2.0 | |
Comcast Corp. Class A | 1.9 | |
38.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 17.2 | |
Financials | 15.2 | |
Industrials | 14.8 | |
Energy | 13.8 | |
Health Care | 13.3 | |
Communication Services | 7.4 | |
Consumer Staples | 4.7 | |
Consumer Discretionary | 3.6 | |
Materials | 3.1 | |
Real Estate | 0.8 | |
Utilities | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Foreign investments - 9.7% |
Common Stocks - 94.3% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 7.4% | |||
Diversified Telecommunication Services - 0.3% | |||
Cellnex Telecom SA (a) | 611,700 | 20,290,855 | |
Verizon Communications, Inc. | 710,633 | 27,998,940 | |
48,289,795 | |||
Entertainment - 1.3% | |||
Activision Blizzard, Inc. | 232,322 | 17,784,249 | |
Nintendo Co. Ltd. ADR | 1,920,600 | 20,012,652 | |
The Walt Disney Co. (b) | 820,893 | 71,319,184 | |
Universal Music Group NV | 2,865,781 | 69,302,294 | |
178,418,379 | |||
Interactive Media & Services - 3.4% | |||
Alphabet, Inc.: | |||
Class A (b) | 1,978,425 | 174,556,438 | |
Class C (b) | 1,803,260 | 160,003,260 | |
Match Group, Inc. (b) | 129,400 | 5,368,806 | |
Meta Platforms, Inc. Class A (b) | 886,700 | 106,705,478 | |
Snap, Inc. Class A (b) | 2,273,000 | 20,343,350 | |
466,977,332 | |||
Media - 2.4% | |||
Charter Communications, Inc. Class A (b) | 21,400 | 7,256,740 | |
Comcast Corp. Class A | 7,542,742 | 263,769,688 | |
Interpublic Group of Companies, Inc. | 1,944,570 | 64,773,627 | |
335,800,055 | |||
TOTAL COMMUNICATION SERVICES | 1,029,485,561 | ||
CONSUMER DISCRETIONARY - 3.6% | |||
Auto Components - 0.3% | |||
BorgWarner, Inc. | 883,062 | 35,543,246 | |
Automobiles - 0.1% | |||
General Motors Co. | 297,400 | 10,004,536 | |
Hotels, Restaurants & Leisure - 1.4% | |||
Booking Holdings, Inc. (b) | 57,837 | 116,557,749 | |
Expedia, Inc. (b) | 218,600 | 19,149,360 | |
Marriott International, Inc. Class A | 268,500 | 39,976,965 | |
Starbucks Corp. | 166,000 | 16,467,200 | |
192,151,274 | |||
Household Durables - 0.4% | |||
Mohawk Industries, Inc. (b) | 314,489 | 32,147,066 | |
Sony Group Corp. sponsored ADR | 194,500 | 14,836,460 | |
Whirlpool Corp. | 45,063 | 6,374,612 | |
53,358,138 | |||
Internet & Direct Marketing Retail - 0.2% | |||
Amazon.com, Inc. (b) | 325,400 | 27,333,600 | |
Multiline Retail - 0.1% | |||
Target Corp. | 95,300 | 14,203,512 | |
Specialty Retail - 1.0% | |||
Lowe's Companies, Inc. | 715,907 | 142,637,311 | |
Textiles, Apparel & Luxury Goods - 0.1% | |||
NIKE, Inc. Class B | 163,100 | 19,084,331 | |
TOTAL CONSUMER DISCRETIONARY | 494,315,948 | ||
CONSUMER STAPLES - 4.7% | |||
Beverages - 1.8% | |||
Diageo PLC sponsored ADR (c) | 353,000 | 62,901,070 | |
Keurig Dr. Pepper, Inc. | 1,345,700 | 47,987,662 | |
The Coca-Cola Co. | 2,190,895 | 139,362,831 | |
250,251,563 | |||
Food & Staples Retailing - 1.5% | |||
Costco Wholesale Corp. | 17,500 | 7,988,750 | |
Performance Food Group Co. (b) | 501,900 | 29,305,941 | |
Sysco Corp. | 1,196,000 | 91,434,200 | |
U.S. Foods Holding Corp. (b) | 595,600 | 20,262,312 | |
Walmart, Inc. | 394,100 | 55,879,439 | |
204,870,642 | |||
Household Products - 0.1% | |||
Colgate-Palmolive Co. | 17,300 | 1,363,067 | |
Spectrum Brands Holdings, Inc. | 257,382 | 15,679,711 | |
17,042,778 | |||
Personal Products - 0.3% | |||
Estee Lauder Companies, Inc. Class A | 12,400 | 3,076,564 | |
Haleon PLC ADR (b)(c) | 5,555,736 | 44,445,888 | |
47,522,452 | |||
Tobacco - 1.0% | |||
Altria Group, Inc. | 2,950,159 | 134,851,768 | |
TOTAL CONSUMER STAPLES | 654,539,203 | ||
ENERGY - 13.8% | |||
Energy Equipment & Services - 0.0% | |||
Baker Hughes Co. Class A | 110,100 | 3,251,253 | |
Oil, Gas & Consumable Fuels - 13.8% | |||
Canadian Natural Resources Ltd. | 464,800 | 25,811,161 | |
Cenovus Energy, Inc. (Canada) | 10,777,081 | 209,094,474 | |
EQT Corp. | 349,400 | 11,820,202 | |
Exxon Mobil Corp. | 9,728,943 | 1,073,102,406 | |
Hess Corp. | 2,250,772 | 319,204,485 | |
Imperial Oil Ltd. | 1,595,600 | 77,717,740 | |
Kosmos Energy Ltd. (b) | 13,462,455 | 85,621,214 | |
Phillips 66 Co. | 202,300 | 21,055,384 | |
Tourmaline Oil Corp. | 1,709,900 | 86,277,968 | |
1,909,705,034 | |||
TOTAL ENERGY | 1,912,956,287 | ||
FINANCIALS - 15.2% | |||
Banks - 11.5% | |||
Bank of America Corp. | 12,004,594 | 397,592,153 | |
Comerica, Inc. | 118,400 | 7,915,040 | |
JPMorgan Chase & Co. | 1,142,571 | 153,218,771 | |
M&T Bank Corp. | 170,920 | 24,793,655 | |
PNC Financial Services Group, Inc. | 886,221 | 139,969,745 | |
Truist Financial Corp. | 2,177,423 | 93,694,512 | |
U.S. Bancorp | 1,844,119 | 80,422,030 | |
Wells Fargo & Co. | 16,661,437 | 687,950,734 | |
1,585,556,640 | |||
Capital Markets - 2.4% | |||
CME Group, Inc. | 19,900 | 3,346,384 | |
KKR & Co. LP (c) | 1,452,051 | 67,404,207 | |
Morgan Stanley | 844,424 | 71,792,928 | |
Northern Trust Corp. | 1,444,946 | 127,863,272 | |
Raymond James Financial, Inc. | 373,403 | 39,898,111 | |
State Street Corp. | 244,341 | 18,953,531 | |
329,258,433 | |||
Consumer Finance - 0.2% | |||
Discover Financial Services | 327,900 | 32,078,457 | |
Insurance - 0.2% | |||
Chubb Ltd. | 140,597 | 31,015,698 | |
Thrifts & Mortgage Finance - 0.9% | |||
MGIC Investment Corp. | 5,656,977 | 73,540,701 | |
Radian Group, Inc. | 2,718,408 | 51,840,041 | |
125,380,742 | |||
TOTAL FINANCIALS | 2,103,289,970 | ||
HEALTH CARE - 13.3% | |||
Biotechnology - 0.6% | |||
ADC Therapeutics SA (b) | 243,209 | 933,923 | |
Alnylam Pharmaceuticals, Inc. (b) | 169,950 | 40,388,618 | |
Argenx SE ADR (b) | 14,700 | 5,568,801 | |
Crinetics Pharmaceuticals, Inc. (b) | 389,800 | 7,133,340 | |
Insmed, Inc. (b) | 691,829 | 13,822,743 | |
Vaxcyte, Inc. (b) | 251,200 | 12,045,040 | |
Verve Therapeutics, Inc. (b) | 172,200 | 3,332,070 | |
83,224,535 | |||
Health Care Equipment & Supplies - 1.7% | |||
Abbott Laboratories | 54,500 | 5,983,555 | |
Becton, Dickinson & Co. | 144,706 | 36,798,736 | |
Boston Scientific Corp. (b) | 3,798,319 | 175,748,220 | |
iRhythm Technologies, Inc. (b) | 1,100 | 103,037 | |
Koninklijke Philips Electronics NV (depositary receipt) (NY Reg.) | 739,476 | 11,084,745 | |
229,718,293 | |||
Health Care Providers & Services - 6.2% | |||
Cardinal Health, Inc. | 1,202,558 | 92,440,633 | |
Centene Corp. (b) | 111,200 | 9,119,512 | |
Cigna Corp. | 637,411 | 211,199,761 | |
CVS Health Corp. | 1,351,552 | 125,951,131 | |
Guardant Health, Inc. (b) | 351,300 | 9,555,360 | |
Humana, Inc. | 45,600 | 23,355,864 | |
McKesson Corp. | 432,621 | 162,284,790 | |
Oak Street Health, Inc. (b) | 188,700 | 4,058,937 | |
UnitedHealth Group, Inc. | 422,481 | 223,990,977 | |
861,956,965 | |||
Life Sciences Tools & Services - 0.3% | |||
Danaher Corp. | 156,100 | 41,432,062 | |
Pharmaceuticals - 4.5% | |||
Bayer AG | 238,672 | 12,284,473 | |
Bristol-Myers Squibb Co. | 3,893,460 | 280,134,447 | |
Eli Lilly & Co. | 147,300 | 53,888,232 | |
GSK PLC sponsored ADR | 2,840,028 | 99,798,584 | |
Johnson & Johnson | 924,571 | 163,325,467 | |
Pliant Therapeutics, Inc. (b) | 234,300 | 4,529,019 | |
Sanofi SA sponsored ADR | 241,600 | 11,700,688 | |
Viatris, Inc. | 185,500 | 2,064,615 | |
627,725,525 | |||
TOTAL HEALTH CARE | 1,844,057,380 | ||
INDUSTRIALS - 14.6% | |||
Aerospace & Defense - 3.6% | |||
Airbus Group NV | 716,700 | 85,217,424 | |
General Dynamics Corp. | 178,160 | 44,203,278 | |
Huntington Ingalls Industries, Inc. | 111,550 | 25,732,354 | |
MTU Aero Engines AG | 51,600 | 11,168,561 | |
Raytheon Technologies Corp. | 212,969 | 21,492,831 | |
Safran SA | 121,500 | 15,218,361 | |
The Boeing Co. (b) | 1,535,896 | 292,572,829 | |
495,605,638 | |||
Air Freight & Logistics - 1.8% | |||
FedEx Corp. | 348,747 | 60,402,980 | |
United Parcel Service, Inc. Class B | 1,114,756 | 193,789,183 | |
254,192,163 | |||
Airlines - 0.1% | |||
Copa Holdings SA Class A (b) | 48,500 | 4,033,745 | |
Ryanair Holdings PLC sponsored ADR (b) | 113,400 | 8,477,784 | |
12,511,529 | |||
Building Products - 0.1% | |||
Johnson Controls International PLC | 327,700 | 20,972,800 | |
Commercial Services & Supplies - 0.1% | |||
ACV Auctions, Inc. Class A (b) | 1,219,100 | 10,008,811 | |
Electrical Equipment - 1.2% | |||
Acuity Brands, Inc. | 227,969 | 37,753,946 | |
Hubbell, Inc. Class B | 159,914 | 37,528,618 | |
Regal Rexnord Corp. | 227,500 | 27,295,450 | |
Vertiv Holdings Co. | 4,293,200 | 58,645,112 | |
161,223,126 | |||
Industrial Conglomerates - 6.2% | |||
3M Co. | 147,273 | 17,660,978 | |
General Electric Co. | 10,070,364 | 843,795,800 | |
861,456,778 | |||
Machinery - 0.9% | |||
Cummins, Inc. | 79,200 | 19,189,368 | |
Flowserve Corp. | 844,685 | 25,914,936 | |
Fortive Corp. | 386,500 | 24,832,625 | |
Otis Worldwide Corp. | 238,884 | 18,707,006 | |
Stanley Black & Decker, Inc. | 111,500 | 8,375,880 | |
Westinghouse Air Brake Tech Co. | 291,985 | 29,143,023 | |
126,162,838 | |||
Professional Services - 0.1% | |||
Equifax, Inc. | 52,400 | 10,184,464 | |
Road & Rail - 0.5% | |||
Knight-Swift Transportation Holdings, Inc. Class A | 1,275,115 | 66,828,777 | |
Trading Companies & Distributors - 0.0% | |||
Beijer Ref AB (B Shares) (c) | 228,600 | 3,222,572 | |
TOTAL INDUSTRIALS | 2,022,369,496 | ||
INFORMATION TECHNOLOGY - 17.2% | |||
Electronic Equipment & Components - 0.2% | |||
Mirion Technologies, Inc. (b)(d) | 3,311,098 | 21,886,358 | |
IT Services - 3.8% | |||
Amadeus IT Holding SA Class A (b) | 371,500 | 19,272,593 | |
Edenred SA | 897,000 | 48,854,653 | |
Fidelity National Information Services, Inc. | 589,900 | 40,024,715 | |
Genpact Ltd. | 496,200 | 22,983,984 | |
Global Payments, Inc. | 75,200 | 7,468,864 | |
IBM Corp. | 140,100 | 19,738,689 | |
MasterCard, Inc. Class A | 144,889 | 50,382,252 | |
PayPal Holdings, Inc. (b) | 373,900 | 26,629,158 | |
Sabre Corp. (b)(c) | 2,134,300 | 13,189,974 | |
Snowflake, Inc. (b) | 7,500 | 1,076,550 | |
Twilio, Inc. Class A (b) | 331,700 | 16,240,032 | |
Unisys Corp. (b) | 1,905,099 | 9,735,056 | |
Visa, Inc. Class A | 1,197,093 | 248,708,042 | |
524,304,562 | |||
Semiconductors & Semiconductor Equipment - 2.3% | |||
Analog Devices, Inc. | 145,938 | 23,938,210 | |
Applied Materials, Inc. | 368,402 | 35,874,987 | |
Intel Corp. | 884,800 | 23,385,264 | |
Lam Research Corp. | 70,200 | 29,505,060 | |
Marvell Technology, Inc. | 1,042,991 | 38,632,387 | |
NVIDIA Corp. | 188,800 | 27,591,232 | |
Qualcomm, Inc. | 1,214,031 | 133,470,568 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 102,700 | 7,650,123 | |
320,047,831 | |||
Software - 8.0% | |||
Adobe, Inc. (b) | 193,400 | 65,084,902 | |
Autodesk, Inc. (b) | 173,228 | 32,371,116 | |
DoubleVerify Holdings, Inc. (b) | 224,600 | 4,932,216 | |
Dynatrace, Inc. (b) | 489,394 | 18,743,790 | |
Elastic NV (b) | 510,700 | 26,301,050 | |
Intuit, Inc. | 90,300 | 35,146,566 | |
Microsoft Corp. | 3,340,405 | 801,095,927 | |
PTC, Inc. (b) | 132,800 | 15,941,312 | |
Salesforce.com, Inc. (b) | 98,500 | 13,060,115 | |
SAP SE sponsored ADR (c) | 919,746 | 94,908,590 | |
Workday, Inc. Class A (b) | 42,900 | 7,178,457 | |
1,114,764,041 | |||
Technology Hardware, Storage & Peripherals - 2.9% | |||
Apple, Inc. | 2,997,814 | 389,505,973 | |
Samsung Electronics Co. Ltd. | 271,740 | 11,934,939 | |
401,440,912 | |||
TOTAL INFORMATION TECHNOLOGY | 2,382,443,704 | ||
MATERIALS - 3.1% | |||
Chemicals - 0.6% | |||
Axalta Coating Systems Ltd. (b) | 225,300 | 5,738,391 | |
DuPont de Nemours, Inc. | 1,192,800 | 81,861,864 | |
87,600,255 | |||
Metals & Mining - 2.5% | |||
First Quantum Minerals Ltd. | 4,115,700 | 85,991,989 | |
Freeport-McMoRan, Inc. | 5,059,942 | 192,277,796 | |
Glencore PLC | 10,030,600 | 66,890,532 | |
345,160,317 | |||
TOTAL MATERIALS | 432,760,572 | ||
REAL ESTATE - 0.8% | |||
Equity Real Estate Investment Trusts (REITs) - 0.8% | |||
American Tower Corp. | 172,681 | 36,584,197 | |
Crown Castle International Corp. | 49,400 | 6,700,616 | |
Equinix, Inc. | 4,422 | 2,896,543 | |
Simon Property Group, Inc. | 592,400 | 69,595,152 | |
115,776,508 | |||
UTILITIES - 0.6% | |||
Electric Utilities - 0.6% | |||
Entergy Corp. | 110,700 | 12,453,750 | |
PG&E Corp. (b) | 969,300 | 15,760,818 | |
Southern Co. | 748,300 | 53,436,103 | |
81,650,671 | |||
Multi-Utilities - 0.0% | |||
Sempra Energy | 34,380 | 5,313,085 | |
TOTAL UTILITIES | 86,963,756 | ||
TOTAL COMMON STOCKS (Cost $8,996,242,204) | 13,078,958,385 | ||
Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.0% | |||
COMMUNICATION SERVICES - 0.0% | |||
Interactive Media & Services - 0.0% | |||
Reddit, Inc. Series E (b)(d)(e) | 17,600 | 659,296 | |
Nonconvertible Preferred Stocks - 0.2% | |||
INDUSTRIALS - 0.2% | |||
Aerospace & Defense - 0.2% | |||
Embraer SA sponsored ADR (b) | 1,749,000 | 19,116,570 | |
TOTAL PREFERRED STOCKS (Cost $20,367,805) | 19,775,866 | ||
Money Market Funds - 4.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.37% (f) | 589,465,230 | 589,583,123 | |
Fidelity Securities Lending Cash Central Fund 4.37% (f)(g) | 77,422,943 | 77,430,686 | |
TOTAL MONEY MARKET FUNDS (Cost $667,013,809) | 667,013,809 | ||
TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $9,683,623,818) | 13,765,748,060 |
NET OTHER ASSETS (LIABILITIES) - 0.7% | 98,607,276 |
NET ASSETS - 100.0% | 13,864,355,336 |
(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 $20,290,855 or 0.1% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | 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 $22,545,654 or 0.2% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Mirion Technologies, Inc. | 6/16/21 | 33,110,980 |
Reddit, Inc. Series E | 5/18/21 | 747,546 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.37% | 761,480,223 | 1,878,238,957 | 2,050,136,057 | 8,420,461 | - | - | 589,583,123 | 1.4% |
Fidelity Securities Lending Cash Central Fund 4.37% | 21,387,036 | 438,373,914 | 382,330,264 | 83,996 | - | - | 77,430,686 | 0.2% |
Total | 782,867,259 | 2,316,612,871 | 2,432,466,321 | 8,504,457 | - | - | 667,013,809 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,030,144,857 | 939,892,412 | 89,593,149 | 659,296 |
Consumer Discretionary | 494,315,948 | 494,315,948 | - | - |
Consumer Staples | 654,539,203 | 654,539,203 | - | - |
Energy | 1,912,956,287 | 1,912,956,287 | - | - |
Financials | 2,103,289,970 | 2,103,289,970 | - | - |
Health Care | 1,844,057,380 | 1,831,772,907 | 12,284,473 | - |
Industrials | 2,041,486,066 | 1,941,050,281 | 100,435,785 | - |
Information Technology | 2,382,443,704 | 2,363,171,111 | 19,272,593 | - |
Materials | 432,760,572 | 365,870,040 | 66,890,532 | - |
Real Estate | 115,776,508 | 115,776,508 | - | - |
Utilities | 86,963,756 | 86,963,756 | - | - |
Money Market Funds | 667,013,809 | 667,013,809 | - | - |
Total Investments in Securities: | 13,765,748,060 | 13,476,612,232 | 288,476,532 | 659,296 |
Statement of Assets and Liabilities | ||||
December 31, 2022 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $75,061,170) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $9,016,610,009) | $13,098,734,251 | |||
Fidelity Central Funds (cost $667,013,809) | 667,013,809 | |||
Total Investment in Securities (cost $9,683,623,818) | $ | 13,765,748,060 | ||
Restricted cash | 1,729,160 | |||
Foreign currency held at value (cost $978,864) | 978,865 | |||
Receivable for securities sold on a delayed delivery basis | 8,335,435 | |||
Receivable for fund shares sold | 175,687,922 | |||
Dividends receivable | 13,943,042 | |||
Distributions receivable from Fidelity Central Funds | 2,169,237 | |||
Total assets | 13,968,591,721 | |||
Liabilities | ||||
Payable for investments purchased | $26,467,368 | |||
Payable for fund shares redeemed | 283,184 | |||
Other payables and accrued expenses | 71,958 | |||
Collateral on securities loaned | 77,413,875 | |||
Total Liabilities | 104,236,385 | |||
Net Assets | $ | 13,864,355,336 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 9,803,023,360 | ||
Total accumulated earnings (loss) | 4,061,331,976 | |||
Net Assets | $ | 13,864,355,336 | ||
Net Asset Value , offering price and redemption price per share ($13,864,355,336 ÷ 838,973,866 shares) | $ | 16.53 | ||
Statement of Operations | ||||
Six months ended December 31, 2022 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 156,401,864 | ||
Income from Fidelity Central Funds (including $83,996 from security lending) | 8,504,457 | |||
Total Income | 164,906,321 | |||
Expenses | ||||
Custodian fees and expenses | 91,962 | |||
Independent trustees' fees and expenses | 23,375 | |||
Total expenses before reductions | 115,337 | |||
Expense reductions | (540) | |||
Total expenses after reductions | 114,797 | |||
Net Investment income (loss) | 164,791,524 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 12,162,078 | |||
Foreign currency transactions | 1,393,848 | |||
Total net realized gain (loss) | 13,555,926 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 800,793,000 | |||
Assets and liabilities in foreign currencies | 69,385 | |||
Total change in net unrealized appreciation (depreciation) | 800,862,385 | |||
Net gain (loss) | 814,418,311 | |||
Net increase (decrease) in net assets resulting from operations | $ | 979,209,835 |
Statement of Changes in Net Assets | ||||
Six months ended December 31, 2022 (Unaudited) | Year ended June 30, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 164,791,524 | $ | 260,692,749 |
Net realized gain (loss) | 13,555,926 | 899,500,742 | ||
Change in net unrealized appreciation (depreciation) | 800,862,385 | (2,398,185,195) | ||
Net increase (decrease) in net assets resulting from operations | 979,209,835 | (1,237,991,704) | ||
Distributions to shareholders | (859,194,238) | (1,309,838,257) | ||
Share transactions | ||||
Proceeds from sales of shares | 2,072,551,833 | 2,398,883,246 | ||
Reinvestment of distributions | 859,194,238 | 1,309,838,257 | ||
Cost of shares redeemed | (1,985,893,783) | (3,155,193,754) | ||
Net increase (decrease) in net assets resulting from share transactions | 945,852,288 | 553,527,749 | ||
Total increase (decrease) in net assets | 1,065,867,885 | (1,994,302,212) | ||
Net Assets | ||||
Beginning of period | 12,798,487,451 | 14,792,789,663 | ||
End of period | $ | 13,864,355,336 | $ | 12,798,487,451 |
Other Information | ||||
Shares | ||||
Sold | 124,834,875 | 131,892,724 | ||
Issued in reinvestment of distributions | 51,636,302 | 69,841,877 | ||
Redeemed | (119,298,053) | (166,893,726) | ||
Net increase (decrease) | 57,173,124 | 34,840,875 | ||
Fidelity® Series Large Cap Stock Fund |
Six months ended (Unaudited) December 31, 2022 | Years ended June 30, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.37 | $ | 19.80 | $ | 14.07 | $ | 14.98 | $ | 15.76 | $ | 15.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .20 | .34 | .34 | .37 | .42 | .38 | ||||||
Net realized and unrealized gain (loss) | 1.04 | (2.02) | 6.27 | (.32) | .42 | 1.26 | ||||||
Total from investment operations | 1.24 | (1.68) | 6.61 | .05 | .84 | 1.64 | ||||||
Distributions from net investment income | (.33) | (.47) | (.37) | (.28) | (.39) | (.34) | ||||||
Distributions from net realized gain | (.76) | (1.28) | (.52) | (.68) | (1.22) | (.54) | ||||||
Total distributions | (1.08) C | (1.75) | (.88) C | (.96) | (1.62) C | (.88) | ||||||
Net asset value, end of period | $ | 16.53 | $ | 16.37 | $ | 19.80 | $ | 14.07 | $ | 14.98 | $ | 15.76 |
Total Return D,E | 7.60% | (9.44)% | 49.05% | .17% | 5.83% | 11.35% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions H | -% I | -% | -% | -% | -% | -% | ||||||
Expenses net of fee waivers, if any H | -% I | -% | -% | -% | -% | -% | ||||||
Expenses net of all reductions H | -% I | -% | -% | -% | -% | -% | ||||||
Net investment income (loss) | 2.43% I | 1.84% | 2.04% | 2.58% | 2.80% | 2.47% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 13,864,355 | $ | 12,798,487 | $ | 14,792,790 | $ | 11,937,391 | $ | 14,114,096 | $ | 13,059,805 |
Portfolio turnover rate J | 10% I | 17% | 15% | 28% K | 41% L | 44% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $4,742,438,269 |
Gross unrealized depreciation | (700,560,955) |
Net unrealized appreciation (depreciation) | $4,041,877,314 |
Tax cost | $9,723,870,746 |
Purchases ($) | Sales ($) | |
Fidelity Series Large Cap Stock Fund | 1,014,312,125 | 660,692,842 |
Amount | |
Fidelity Series Large Cap Stock Fund | $11,205 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Large Cap Stock Fund | 129,488,175 | 45,213,870 | 9,066,681 |
Total Security Lending Fees Paid to NFS | Security Lending Income From Securities Loaned to NFS | Value of Securities Loaned to NFS at Period End | |
Fidelity Series Large Cap Stock Fund | $8,759 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (July 1, 2022 to December 31, 2022). |
Annualized Expense Ratio- A | Beginning Account Value July 1, 2022 | Ending Account Value December 31, 2022 | Expenses Paid During Period- C July 1, 2022 to December 31, 2022 | |||||||
Fidelity® Series Large Cap Stock Fund | -%- D | |||||||||
Actual | $ 1,000 | $ 1,076.00 | $- E | |||||||
Hypothetical- B | $ 1,000 | $ 1,025.21 | $- E | |||||||
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Hastings Street Trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 13.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Hastings Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | February 21, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | February 21, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | February 21, 2023 |