0001752724-21-277765.txt : 20211221 0001752724-21-277765.hdr.sgml : 20211221 20211221161201 ACCESSION NUMBER: 0001752724-21-277765 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211031 FILED AS OF DATE: 20211221 PERIOD START: 20220131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY DEVONSHIRE TRUST CENTRAL INDEX KEY: 0000035341 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-01352 FILM NUMBER: 211509308 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 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19870304 FORMER COMPANY: FORMER CONFORMED NAME: EVEREST FUND INC DATE OF NAME CHANGE: 19751117 FORMER COMPANY: FORMER CONFORMED NAME: EVEREST INCOME FUND INC DATE OF NAME CHANGE: 19690420 0000035341 S000056366 Fidelity Flex Mid Cap Value Fund C000177593 Fidelity Flex Mid Cap Value Fund FFMVX NPORT-P 1 primary_doc.xml NPORT-P false 0000035341 XXXXXXXX S000056366 C000177593 Fidelity Devonshire Trust 811-01352 0000035341 2YVQGEKVQ2H3HLS69325 245 Summer Street Boston 02210 1-800-FIDELITY Fidelity Flex Mid Cap Value Fund S000056366 549300OURG7GMI2RBQ56 2022-01-31 2021-10-31 N 29525402.73 0.00 29525402.73 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N EBAY INC OML71K8X303XQONU6T67 EBAY INC 278642103 4926.00000000 NS USD 377922.72000000 1.279991753054 Long EC CORP US N 1 N N N EQUINIX INC 549300EVUN2BTLJ3GT74 EQUINIX INC 29444U700 523.00000000 NS USD 437787.61000000 1.482748987383 Long EC CORP US N 1 N N N AES CORP 2NUNNB7D43COUIRE5295 AES CORP 00130H105 18168.00000000 NS USD 456561.84000000 1.546335689897 Long EC CORP US N 1 N N N ONEMAIN HLDGS INC 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NRG ENERGY INC 629377508 6009.00000000 NS USD 239699.01000000 0.811839933876 Long EC CORP US N 1 N N N GAP INC T2ZG1WRWZ4BUCMQL9224 GAP INC 364760108 12640.00000000 NS USD 286801.60000000 0.971372355604 Long EC CORP US N 1 N N N REINSURANCE GROUP OF AMERICA INC LORM1GNEU1DKEW527V90 REINSURANCE GROUP OF AMERICA 759351604 1828.00000000 NS USD 215850.24000000 0.731066200769 Long EC CORP US N 1 N N N BEACON ROOFING SUPPLY INC 549300HDXQWWCBOYXP31 BEACON ROOFING SUPPLY INC 073685109 6079.00000000 NS USD 321396.73000000 1.088543085894 Long EC CORP US N 1 N N N HESS CORP UASVRYNXNK17ULIGK870 HESS CORP 42809H107 5859.00000000 NS USD 483777.63000000 1.638513230197 Long EC CORP US N 1 N N N PG and E CORP 8YQ2GSDWYZXO2EDN3511 PG and E CORP 69331C108 35936.00000000 NS USD 416857.60000000 1.411860843396 Long EC CORP US N 1 N N N NCR CORPORATION NEW 549300YKTY8JX1DV2R67 NCR CORP 62886E108 6230.00000000 NS USD 246334.20000000 0.834312751811 Long EC CORP US N 1 N N N SLM CORP 4K8SLPBF5DXXGPW03H93 SLM CORP 78442P106 17107.00000000 NS USD 313913.45000000 1.063197860061 Long EC CORP US N 1 N N N KBR INC 254900OFQDXZRKRCV808 KBR INC 48242W106 5251.00000000 NS USD 222852.44000000 0.754782050012 Long EC CORP US N 1 N N N TRONOX HOLDINGS PLC 549300NRVC84SGJSXV06 TRONOX HOLDINGS PLC N/A 11111.00000000 NS USD 259108.52000000 0.877578275119 Long EC CORP GB N 1 N N N ASGN INC LZBNYYCBUKY537072438 ASGN INC 00191U102 1687.00000000 NS USD 201866.42000000 0.683704204972 Long EC CORP US N 1 N N N LKQ CORP DS830JTTZQN6GK0I2E41 LKQ CORP 501889208 6973.00000000 NS USD 384072.84000000 1.300821680612 Long EC CORP US N 1 N N N LABORATORY CORP OF AMERICA HOLDINGS OZ7UA8IXAIFILY2VZH07 LABORATORY CORP OF AMER HLDGS 50540R409 1451.00000000 NS USD 416466.02000000 1.410534595610 Long EC CORP US N 1 N N N NEXSTAR MEDIA GROUP INC 52990083ZRR5UT591988 NEXSTAR MEDIA GROUP INC A 65336K103 1384.00000000 NS USD 207503.12000000 0.702795223142 Long EC CORP US N 1 N N N INTERPUBLIC GROUP OF COS INC 5493008IUOJ5VWTRC333 INTERPUBLIC GROUP OF COS INC 460690100 7777.00000000 NS USD 284404.89000000 0.963254904939 Long EC CORP US N 1 N N N AERCAP HOLDINGS NV 549300SZYINBBLJQU475 AERCAP HOLDINGS NV N/A 3750.00000000 NS USD 221400.00000000 0.749862760635 Long EC CORP NL N 1 N N N RYDER SYSTEM INC ZXJ6Y2OSPZXIVGRILD15 RYDER SYSTEM INC 783549108 2502.00000000 NS USD 212544.90000000 0.719871298432 Long EC CORP US N 1 N N N SYNCHRONY FINANCIAL 549300RS7EWPM9MA6C78 SYNCHRONY FINANCIAL 87165B103 5116.00000000 NS USD 237638.20000000 0.804860147626 Long EC CORP US N 1 N N N LAZARD LTD 254900RIBCDJSUFG1A11 LAZARD LTD CL A N/A 7393.00000000 NS USD 362183.07000000 1.226682912040 Long EC CORP BM N 1 N N N OLIN CORP 549300GKK294V7W57P06 OLIN CORP 680665205 7543.00000000 NS USD 429800.14000000 1.455696113378 Long EC CORP US N 1 N N N RENT-A-CENTER INC/TX 529900QUHE15UQNCCJ63 RENT A CTR INC 76009N100 3811.00000000 NS USD 202973.86000000 0.687455009017 Long EC CORP US N 1 N N N LPL FINANCIAL HOLDINGS INC 549300XROQ4Y8G2L7682 LPL FINL HLDGS INC 50212V100 2451.00000000 NS USD 402013.02000000 1.361583527500 Long EC CORP US N 1 N N N SIGNATURE BK NEW YORK NY VLP5AP0XK2GM6GKD1007 SIGNATURE BANK 82669G104 1084.00000000 NS USD 322836.88000000 1.093420750098 Long EC CORP US N 1 N N N UNISYS CORP 549300T21W22FIJJOW08 UNISYS CORP NEW 909214306 14286.00000000 NS USD 365293.02000000 1.237216045249 Long EC CORP US N 1 N N N LAUREATE EDUCATION INC 5JL7TMOH5TY3IUYSUP91 LAUREATE EDUCATION INC CL A 518613203 18155.00000000 NS USD 314444.60000000 1.064996819435 Long EC CORP US N 1 N N N CENTERPOINT ENERGY INC 21TPXMRRHFKOBHDC8J74 CENTERPOINT ENERGY INC 15189T107 12810.00000000 NS USD 333572.40000000 1.129781033134 Long EC CORP US N 1 N N N FLUOR CORP NEW CQ7WZ4NOFWT7FAE6Q943 FLUOR CORP 343412102 14296.00000000 NS USD 277914.24000000 0.941271631555 Long EC CORP US N 1 N N N Fidelity Revere Street Trust 549300BDV45LJNXBZC55 Fidelity Cash Central Fund 31635A105 289402.03000000 NS USD 289459.91000000 0.980375822971 Long STIV RF US N 1 N N N BERRY GLOBAL GROUP INC 549300G6KKUMMXM8NH73 BERRY GLOBAL GROUP INC 08579W103 4666.00000000 NS USD 305809.64000000 1.035750952481 Long EC CORP US N 1 N N N DOLLAR TREE INC 549300PMSTQITB1WHR43 DOLLAR TREE INC 256746108 3064.00000000 NS USD 330176.64000000 1.118279886033 Long EC CORP US N 1 N N N REYNOLDS CONSUMER PRODUCTS INC N/A REYNOLDS CONSUMER PRODUCTS INC 76171L106 6774.00000000 NS USD 182762.52000000 0.619000938518 Long EC CORP US N 1 N N N NIELSEN HOLDINGS PLC 549300ZVCBHQE0XHG367 NIELSEN HOLDINGS PLC N/A 20242.00000000 NS USD 409900.50000000 1.388297743974 Long EC CORP GB N 1 N N N VOYA FINANCIAL INC 549300T065Z4KJ686G75 VOYA FINANCIAL INC 929089100 3135.00000000 NS USD 218728.95000000 0.740816143983 Long EC CORP US N 1 N N N CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 S and P MID 400 EMINI FUT DEC21 FAZ1 N/A 1.00000000 NC USD 1697.99000000 0.005750946110 N/A DE CORP US N 1 CHICAGO MERCANTILE EXCH INC SNZ2OJLFK8MNNCLQOF39 Long S and P 400 MIDCAP INDEX (MID) EI09MID 2021-12-17 277242.01000000 USD 1697.99000000 N N N AXALTA COATING SYSTEMS LTD 529900AGLPA40GV6H619 AXALTA COATING SYSTEMS LTD N/A 11829.00000000 NS USD 368946.51000000 1.249590101696 Long EC CORP BM N 1 N N N BUILDERS FIRSTSOURCE INC 549300W0SKP6L3H7DP63 BUILDERS FIRSTSOURCE 12008R107 8003.00000000 NS USD 466334.81000000 1.579435898857 Long EC CORP US N 1 N N N TRAVELERS COS INC 549300Y650407RU8B149 TRAVELERS COMPANIES INC 89417E109 2272.00000000 NS USD 365519.36000000 1.237982639365 Long EC CORP US N 1 N N N ALLISON TRANSMISSION HLDGS INC 529900RP7DJ882LI9T83 ALLISON TRANSMISSION HLDGS INC 01973R101 8973.00000000 NS USD 299339.28000000 1.013836399582 Long EC CORP US N 1 N N N FEDEX CORP 549300E707U7WNPZN687 FEDEX CORP 31428X106 1178.00000000 NS USD 277454.34000000 0.939713989804 Long EC CORP US N 1 N N N EDISON INTERNATIONAL 549300I7ROF15MAEVP56 EDISON INTL 281020107 7944.00000000 NS USD 499915.92000000 1.693172230609 Long EC CORP US N 1 N N N MDU RESOURCES GROUP INC 0T6SBMK3JTBI1JR36794 MDU RESOURCES GROUP INC 552690109 11408.00000000 NS USD 350567.84000000 1.187343126885 Long EC CORP US N 1 N N N EAGLE MATLS INC 529900KRXRGXL61SG039 EAGLE MATERIALS INC 26969P108 1506.00000000 NS USD 223430.16000000 0.756738737971 Long EC CORP US N 1 N N N CANADIAN NATURAL RESOURCES LTD 549300T15RIMIKZC5Q38 CANADIAN NATL RESOURCES LTD 136385101 15760.00000000 NS 669825.47000000 2.268641265033 Long EC CORP CA N 1 N N N JELD-WEN HOLDING INC 529900AXX7CT9GZSCS30 JELD-WEN HOLDING INC 47580P103 15005.00000000 NS USD 411287.05000000 1.392993869587 Long EC CORP US N 1 N N N CRANE CO 549300X1RO9ID7AUCA83 CRANE CO 224399105 2731.00000000 NS USD 282057.68000000 0.955305106519 Long EC CORP US N 1 N N N EQUITY LIFESTYLE PROPERTIES INC 529900PEQG66LENB6798 EQUITY LIFESTYLE PPTYS INC 29472R108 7638.00000000 NS USD 645487.38000000 2.186210247165 Long EC CORP US N 1 N N N WILLSCOT MOBILE MINI HOLDINGS CORP 549300HJ4VIXF476Q166 WILLSCOT MOBILE MINI HOLDINGS CORP 971378104 10484.00000000 NS USD 364319.00000000 1.233917123270 Long EC CORP US N 1 N N N ASSURANT INC H3F39CAXWQRVWURFXL38 ASSURANT INC 04621X108 2290.00000000 NS USD 369399.90000000 1.251125694636 Long EC CORP US N 1 N N N CENTENE CORP DEL 549300Z7JJ4TQSQGT333 CENTENE CORP 15135B101 5324.00000000 NS USD 379281.76000000 1.284594704662 Long EC CORP US N 1 N N N XPO LOGISTICS INC 54930096DB9LCLPN7H13 XPO LOGISTICS INC 983793100 2308.00000000 NS USD 198026.40000000 0.670698387456 Long EC CORP US N 1 N N N BJS WHOLESALE CLUB HOLDINGS INC 549300UCIWH1C93V0J03 BJS WHSL CLUB HLDGS INC 05550J101 4792.00000000 NS USD 280044.48000000 0.948486571244 Long EC CORP US N 1 N N N KIRBY CORP I7NO6FZO5GUCG585T325 KIRBY CORP 497266106 4530.00000000 NS USD 237417.30000000 0.804111978322 Long EC CORP US N 1 N N N BUNGE LIMITED 5493007M0RIN8HY3MM77 BUNGE LIMITED N/A 1514.00000000 NS USD 140256.96000000 0.475038262077 Long EC CORP BM N 1 N N N ALTRIA GROUP INC XSGZFLO9YTNO9VCQV219 ALTRIA GROUP INC 02209S103 4869.00000000 NS USD 214771.59000000 0.727412905977 Long EC CORP US N 1 N N N LIBERTY OILFIELD SERVICES INC N/A LIBERTY OILFIELD SERVICES INC CL A 53115L104 21185.00000000 NS USD 273710.20000000 0.927032909603 Long EC CORP US N 1 N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 AMERICAN TOWER CORP 03027X100 1221.00000000 NS USD 344285.37000000 1.166064941258 Long EC CORP US N 1 N N N ARCONIC CORP 549300B4YFWH3U74B152 ARCONIC CORP 03966V107 8075.00000000 NS USD 237566.50000000 0.804617305892 Long EC CORP US N 1 N N N MOHAWK INDUSTRIES INC 549300JI1115MG3Q6322 MOHAWK INDUSTRIES INC 608190104 1849.00000000 NS USD 327661.29000000 1.109760611891 Long EC CORP US N 1 N N N DXC TECHNOLOGY CO 549300DOVZ3EDJB7O259 DXC TECHNOLOGY CO 23355L106 8299.00000000 NS USD 270298.43000000 0.915477538009 Long EC CORP US N 1 N N N EAST WEST BANCORP INC N/A EAST WEST BANCORP INC 27579R104 2870.00000000 NS USD 228107.60000000 0.772580825013 Long EC CORP US N 1 N N N CURTISS-WRIGHT CORP TEL51ETZWP7D0ZM4X325 CURTISS WRIGHT CORPORATION 231561101 1767.00000000 NS USD 225610.56000000 0.764123565267 Long EC CORP US N 1 N N N AMERICAN FINL GROUP INC OHIO 549300AFOM7IVKIU1G39 AMERICAN FINL GROUP INC OHIO 025932104 2841.00000000 NS USD 386489.64000000 1.309007174379 Long EC CORP US N 1 N N N VISTRA CORP 549300KP43CPCUJOOG15 VISTRA CORP 92840M102 8420.00000000 NS USD 164947.80000000 0.558664013860 Long EC CORP US N 1 N N N AMERIPRISE FINL INC 6ZLKQF7QB6JAEKQS5388 AMERIPRISE FINANCIAL INC 03076C106 1630.00000000 NS USD 492471.90000000 1.667959975020 Long EC CORP US N 1 N N N SS and C TECHNOLOGIES HLDGS INC 529900POY8H7NPPNKK71 SS and C TECHNOLOGIES HOLDINGS INC 78467J100 5710.00000000 NS USD 453773.70000000 1.536892499484 Long EC CORP US N 1 N N N JAZZ PHARMACEUTICALS PLC 635400GAUMJCLEZRRV50 JAZZ PHARMA PLC N/A 1742.00000000 NS USD 231755.68000000 0.784936558255 Long EC CORP IE N 1 N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 CHENIERE ENERGY INC 16411R208 4490.00000000 NS USD 464266.00000000 1.572429017295 Long EC CORP US N 1 N N N 2021-11-30 Stacie M. Smith Stacie M. Smith Stacie M. Smith President and Treasurer XXXX NPORT-EX 2 QTLY_2931_20211031.htm US_QtlyFinancialStatementsCoverMaster
Quarterly Holdings Report
for
Fidelity Flex® Funds
Fidelity Flex® Mid Cap Value Fund
October 31, 2021
ZMV-NPRT3-1221
1.9881565.104
Common Stocks - 98.7%
 
 
Shares
Value ($)
 
COMMUNICATION SERVICES - 2.2%
 
 
 
Diversified Telecommunication Services - 0.6%
 
 
 
Liberty Global PLC Class C (a)
 
5,843
168,512
Media - 1.6%
 
 
 
Interpublic Group of Companies, Inc.
 
7,777
284,405
Nexstar Broadcasting Group, Inc. Class A
 
1,384
207,503
 
 
 
491,908
TOTAL COMMUNICATION SERVICES
 
 
660,420
CONSUMER DISCRETIONARY - 11.3%
 
 
 
Auto Components - 0.8%
 
 
 
Adient PLC (a)
 
5,651
235,195
Distributors - 1.3%
 
 
 
LKQ Corp.
 
6,973
384,073
Diversified Consumer Services - 1.9%
 
 
 
Adtalem Global Education, Inc. (a)
 
6,781
250,422
Laureate Education, Inc. Class A
 
18,155
314,445
 
 
 
564,867
Hotels, Restaurants & Leisure - 1.2%
 
 
 
Caesars Entertainment, Inc. (a)
 
3,283
359,357
Household Durables - 2.0%
 
 
 
Mohawk Industries, Inc. (a)
 
1,849
327,661
Taylor Morrison Home Corp. (a)
 
8,724
266,344
 
 
 
594,005
Internet & Direct Marketing Retail - 1.3%
 
 
 
eBay, Inc.
 
4,926
377,923
Multiline Retail - 1.1%
 
 
 
Dollar Tree, Inc. (a)
 
3,064
330,177
Specialty Retail - 1.7%
 
 
 
Gap, Inc.
 
12,640
286,802
Rent-A-Center, Inc.
 
3,811
202,974
 
 
 
489,776
TOTAL CONSUMER DISCRETIONARY
 
 
3,335,373
CONSUMER STAPLES - 5.2%
 
 
 
Beverages - 1.0%
 
 
 
Primo Water Corp.
 
17,980
285,882
Food & Staples Retailing - 1.0%
 
 
 
BJ's Wholesale Club Holdings, Inc. (a)
 
4,792
280,044
Food Products - 1.9%
 
 
 
Bunge Ltd.
 
1,514
140,257
Darling Ingredients, Inc. (a)
 
5,061
427,756
 
 
 
568,013
Household Products - 0.6%
 
 
 
Reynolds Consumer Products, Inc.
 
6,774
182,763
Tobacco - 0.7%
 
 
 
Altria Group, Inc.
 
4,869
214,772
TOTAL CONSUMER STAPLES
 
 
1,531,474
ENERGY - 6.4%
 
 
 
Energy Equipment & Services - 0.9%
 
 
 
Liberty Oilfield Services, Inc. Class A (a)
 
21,185
273,710
Oil, Gas & Consumable Fuels - 5.5%
 
 
 
Canadian Natural Resources Ltd.
 
15,760
669,825
Cheniere Energy, Inc.
 
4,490
464,266
Hess Corp.
 
5,859
483,778
 
 
 
1,617,869
TOTAL ENERGY
 
 
1,891,579
FINANCIALS - 17.2%
 
 
 
Banks - 2.8%
 
 
 
East West Bancorp, Inc.
 
2,870
228,108
First Citizens Bancshares, Inc.
 
344
279,982
Signature Bank
 
1,084
322,837
 
 
 
830,927
Capital Markets - 4.8%
 
 
 
Ameriprise Financial, Inc.
 
1,630
492,472
Bank of New York Mellon Corp.
 
2,742
162,326
Lazard Ltd. Class A
 
7,393
362,183
LPL Financial
 
2,451
402,013
 
 
 
1,418,994
Consumer Finance - 3.0%
 
 
 
OneMain Holdings, Inc.
 
6,435
339,832
SLM Corp.
 
17,107
313,913
Synchrony Financial
 
5,116
237,638
 
 
 
891,383
Diversified Financial Services - 0.8%
 
 
 
Voya Financial, Inc.
 
3,135
218,729
Insurance - 5.8%
 
 
 
American Financial Group, Inc.
 
2,841
386,490
Arch Capital Group Ltd. (a)
 
8,921
373,076
Assurant, Inc.
 
2,290
369,400
Reinsurance Group of America, Inc.
 
1,828
215,850
The Travelers Companies, Inc.
 
2,272
365,519
 
 
 
1,710,335
TOTAL FINANCIALS
 
 
5,070,368
HEALTH CARE - 6.4%
 
 
 
Biotechnology - 0.3%
 
 
 
United Therapeutics Corp. (a)
 
367
70,009
Health Care Providers & Services - 4.7%
 
 
 
Centene Corp. (a)
 
5,324
379,282
Cigna Corp.
 
2,824
603,235
Laboratory Corp. of America Holdings (a)
 
1,451
416,466
 
 
 
1,398,983
Pharmaceuticals - 1.4%
 
 
 
Bristol-Myers Squibb Co.
 
3,095
180,748
Jazz Pharmaceuticals PLC (a)
 
1,742
231,756
 
 
 
412,504
TOTAL HEALTH CARE
 
 
1,881,496
INDUSTRIALS - 19.4%
 
 
 
Aerospace & Defense - 0.8%
 
 
 
Curtiss-Wright Corp.
 
1,767
225,611
Air Freight & Logistics - 0.9%
 
 
 
FedEx Corp.
 
1,178
277,454
Building Products - 3.0%
 
 
 
Builders FirstSource, Inc. (a)
 
8,003
466,335
Jeld-Wen Holding, Inc. (a)
 
15,005
411,287
 
 
 
877,622
Commercial Services & Supplies - 0.9%
 
 
 
The Brink's Co.
 
3,960
272,765
Construction & Engineering - 2.2%
 
 
 
Fluor Corp. (a)
 
14,296
277,914
Willscot Mobile Mini Holdings (a)
 
10,484
364,319
 
 
 
642,233
Machinery - 2.0%
 
 
 
Allison Transmission Holdings, Inc.
 
8,973
299,339
Crane Co.
 
2,731
282,058
 
 
 
581,397
Marine - 0.8%
 
 
 
Kirby Corp. (a)
 
4,530
237,417
Professional Services - 3.6%
 
 
 
ASGN, Inc. (a)
 
1,687
201,866
KBR, Inc.
 
5,251
222,852
Manpower, Inc.
 
2,461
237,856
Nielsen Holdings PLC
 
20,242
409,901
 
 
 
1,072,475
Road & Rail - 2.4%
 
 
 
Ryder System, Inc.
 
2,502
212,545
TFI International, Inc. (Canada)
 
2,673
296,393
XPO Logistics, Inc. (a)
 
2,308
198,026
 
 
 
706,964
Trading Companies & Distributors - 2.8%
 
 
 
AerCap Holdings NV (a)
 
3,750
221,400
Beacon Roofing Supply, Inc. (a)
 
6,079
321,397
Univar, Inc. (a)
 
11,323
289,642
 
 
 
832,439
TOTAL INDUSTRIALS
 
 
5,726,377
INFORMATION TECHNOLOGY - 5.7%
 
 
 
Electronic Equipment & Components - 1.1%
 
 
 
Flex Ltd. (a)
 
20,012
338,203
IT Services - 2.2%
 
 
 
DXC Technology Co. (a)
 
8,299
270,298
Unisys Corp. (a)
 
14,286
365,293
 
 
 
635,591
Software - 2.4%
 
 
 
NCR Corp. (a)
 
6,230
246,334
SS&C Technologies Holdings, Inc.
 
5,710
453,774
 
 
 
700,108
TOTAL INFORMATION TECHNOLOGY
 
 
1,673,902
MATERIALS - 8.7%
 
 
 
Chemicals - 3.6%
 
 
 
Axalta Coating Systems Ltd. (a)
 
11,829
368,947
Olin Corp.
 
7,543
429,800
Tronox Holdings PLC
 
11,111
259,109
 
 
 
1,057,856
Construction Materials - 0.7%
 
 
 
Eagle Materials, Inc.
 
1,506
223,430
Containers & Packaging - 3.0%
 
 
 
Berry Global Group, Inc. (a)
 
4,666
305,810
Crown Holdings, Inc.
 
2,903
301,883
O-I Glass, Inc. (a)
 
20,524
267,838
 
 
 
875,531
Metals & Mining - 1.4%
 
 
 
Arconic Corp. (a)
 
8,075
237,567
Constellium NV (a)
 
9,143
168,323
 
 
 
405,890
TOTAL MATERIALS
 
 
2,562,707
REAL ESTATE - 7.9%
 
 
 
Equity Real Estate Investment Trusts (REITs) - 7.9%
 
 
 
American Tower Corp.
 
1,221
344,285
Americold Realty Trust
 
7,906
232,990
CubeSmart
 
12,269
674,913
Equinix, Inc.
 
523
437,788
Equity Lifestyle Properties, Inc.
 
7,638
645,487
 
 
 
2,335,463
Real Estate Management & Development - 0.0%
 
 
 
Cushman & Wakefield PLC (a)
 
835
15,356
TOTAL REAL ESTATE
 
 
2,350,819
UTILITIES - 8.3%
 
 
 
Electric Utilities - 3.9%
 
 
 
Edison International
 
7,944
499,916
NRG Energy, Inc.
 
6,009
239,699
PG&E Corp. (a)
 
35,936
416,858
 
 
 
1,156,473
Independent Power and Renewable Electricity Producers - 2.1%
 
 
 
The AES Corp.
 
18,168
456,562
Vistra Corp.
 
8,420
164,948
 
 
 
621,510
Multi-Utilities - 2.3%
 
 
 
CenterPoint Energy, Inc.
 
12,810
333,572
MDU Resources Group, Inc.
 
11,408
350,568
 
 
 
684,140
TOTAL UTILITIES
 
 
2,462,123
 
TOTAL COMMON STOCKS
 (Cost $21,231,995)
 
 
 
29,146,638
 
 
 
 
U.S. Treasury Obligations - 0.2%
 
 
Principal
Amount (b)
 
Value ($)
 
U.S. Treasury Bills, yield at date of purchase 0.03% to 0.04% 12/30/21 to 1/13/22 (c)
 
 (Cost $69,996)
 
 
70,000
69,991
 
 
 
 
Money Market Funds - 1.0%
 
 
Shares
Value ($)
 
Fidelity Cash Central Fund 0.06% (d)
 
 (Cost $289,460)
 
 
289,402
289,460
 
 
 
 
 
TOTAL INVESTMENT IN SECURITIES - 99.9%
 (Cost $21,591,451)
 
 
 
29,506,089
NET OTHER ASSETS (LIABILITIES) - 0.1%  
29,858
NET ASSETS - 100.0%
29,535,947
 
 
 
Futures Contracts 
 
Number
of contracts
Expiration
Date
Notional
Amount ($)
 
Value ($)
 
Unrealized
Appreciation/
(Depreciation) ($)
 
Purchased
 
 
 
 
 
 
 
 
 
 
 
Equity Index Contracts
 
 
 
 
 
CME E-mini S&P MidCap 400 Index Contracts (United States)
1
Dec 2021
278,940
1,698
1,698
 
 
 
 
 
 
The notional amount of futures purchased as a percentage of Net Assets is 0.9%
 
Legend
 
(a)
Non-income producing
 
(b)
Amount is stated in United States dollars unless otherwise noted.
 
(c)
Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $20,997.
 
(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.
 
 
 
 
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
 
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
%ownership,
end
of period
Fidelity Cash Central Fund 0.06%
256,574
14,598,793
14,565,908
281
1
-
289,460
0.0%
Fidelity Securities Lending Cash Central Fund 0.06%
-
365,200
365,200
1
-
-
-
0.0%
Total
256,574
14,963,993
14,931,108
282
1
-
289,460
 
 
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
 
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
 
 
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.   
 
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
 
Level 1 - quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
 
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
 
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. U.S. Treasury Obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
 
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
 
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
 
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
 
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
 
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.  
 
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
 
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
 
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.  
 
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
 
The Fund used futures contracts to manage its exposure to the stock market.
 
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
 
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
 
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
 
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