0001752724-24-079850.txt : 20240412 0001752724-24-079850.hdr.sgml : 20240412 20240412153236 ACCESSION NUMBER: 0001752724-24-079850 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240131 FILED AS OF DATE: 20240412 DATE AS OF CHANGE: 20240412 EFFECTIVENESS DATE: 20240412 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY CHERRY STREET TRUST CENTRAL INDEX KEY: 0001952558 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23840 FILM NUMBER: 24841217 BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 0001952558 S000079960 Fidelity Hedged Equity Central Fund C000241457 Fidelity Hedged Equity Central Fund N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001952558 XXXXXXXX 811-23840 true false false N-1A true Fidelity Cherry Street Trust 811-23840 0001952558 549300GARKGQ4J09PZ71 245 Summer Street Boston 02210 US-MA US 1-800-FIDELITY Fidelity Service Company 245 Summer Street BOST 02210 1-800-FIDELITY Books and Records of the Fund as required to be maintained by the Investment Company Act N N N-1A 1 N MATTHEW J CONTI N/A N JENNIFER M BIRMINGHAM N/A N TARA C KENNEY N/A N DAVID B JONES N/A Y KSENIA PORTNOY 005509543 245 SUMMER STREET BOSTON 02210-1129 XXXXXX N N N N N N N Deloitte & Touche LLP 34 N/A N N N N N N N Fidelity Hedged Equity Central Fund S000079960 549300EZA7KVZGLAJD07 N 1 0 0 N/A N N Y N N NATIONAL FINANCIAL SERVICES, LLC 549300JRHF1MHHWUAW04 Y N Non-revenue sharing split (other than administrative fee) 873133.15000000 19744.00000000 Rule 18f-4 (17 CFR 270.18f-4) Rule 32a-4 (17 CFR 270.32a-4) Rule 17a-7 (17 CFR 270.17a-7) Rule 17e-1 (17 CFR 270.17e-1) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Y Y N N Fidelity Diversifying Solutions LLC 801-122572 000315088 549300YDJNHRU3H6J861 N Fidelity Management & Research (Hong Kong) Limited 801-69507 000148045 549300VLVPR60I312N68 Y HK N Fidelity Management & Research (Japan) Limited 801-69571 000148239 549300FF7J6H5TZ22Y05 Y JP N FMR Investment Management (UK) Limited 801-28773 000108273 549300DJ0TLKPO1HIS84 Y GB N Fidelity Investments Institutional Operations Company LLC 084-01839 549300XVSM8LN3LQOK63 Y N N INTERCONTINENTAL EXCHANGE INC 5493000F4ZO33MV32P92 N REFINITIV US HOLDINGS INC 549300NF240HXJO7N016 N N BANK OF NEW YORK MELLON HPFHU0OQ28E4N0NFVK49 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Fidelity Investments Institutional Operations Company LLC 549300XVSM8LN3LQOK63 Y N N Fidelity Service Company 549300LT256P1KNTYF28 Y N N FMR LLC N/A N/A 6X064LF7Y6B4DKF2GZ26 3400.77000000 ROYAL BANK OF CANADA N/A N/A ES7IP3U3RHIGC71XBU11 CA 2852.86000000 LOOP CAPITAL MARKETS, LLC N/A N/A 254900FPPM2WN90D4786 2128.31000000 CITIGROUP INC N/A N/A 6SHGI4ZSSLCXXQSBB395 1440.61000000 GOLDMAN SACHS GROUP INC (THE) N/A N/A 784F5XWPLTWKTBV3E584 4321.31000000 VIRTU FINANCIAL INC N/A N/A 5493001OPW2K42CH3884 3420.98000000 JPMORGAN CHASE and CO N/A N/A 8I5DZWZKVSZI1NUHU748 1023.27000000 PENSERRA SECURITIES LLC N/A N/A 549300WY8ZBI168Y6Z05 3262.05000000 UBS GROUP AG N/A N/A 549300SZJ9VS8SGXAN81 CH 1279.93000000 MORGAN STANLEY N/A N/A IGJSJL3JD5P30I6NJZ34 4329.37000000 BANK OF AMERICA CORPORATION N/A N/A 9DJT3UXIJIZJI4WXO774 827.32000000 30786.42000000 0.00000000 Y 305230038.00000000 N N N N true INTERNAL CONTROL RPT 2 cherry_icr1.htm Converted by EDGARwiz

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Trustees of Fidelity Cherry Street Trust and the Shareholders of Fidelity Hedged Equity Central Fund:

In planning and performing our audit of the financial statements of Fidelity Hedged Equity Central Fund (the “Fund”), a fund of  Fidelity Cherry Street Trust, as of and for the year ended January 31, 2024, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A fund's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management of the fund and trustees of the trust; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a fund's assets that could have a material effect on the financial statements.


Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of January 31, 2024.


This report is intended solely for the information and use of management, the Trustees of Fidelity Cherry Street Trust, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.



/s/ Deloitte & Touche LLP

Boston, Massachusetts

March 14, 2024