N-Q 1 filing717.htm PRIMARY DOCUMENT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY


Investment Company Act file number   811-6440


Fidelity Aberdeen Street Trust
(Exact name of registrant as specified in charter)


245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices)       (Zip code)


Marc Bryant, 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:

February 29



Date of reporting period:

November 30, 2015


Item 1.

Schedule of Investments




Quarterly Holdings Report
for

Fidelity® Four-in-One Index Fund

November 30, 2015







IDV-QTLY-0116
1.810685.111





Investments November 30, 2015 (Unaudited)

Showing Percentage of Net Assets

Equity Funds - 85.0%   
 Shares Value 
Domestic Equity Funds - 60.0%   
Spartan 500 Index Fund Investor Class (a) 28,160,624 $2,072,058,728 
Spartan Extended Market Index Fund Investor Class (a) 9,464,306 518,643,944 
TOTAL DOMESTIC EQUITY FUNDS  2,590,702,672 
International Equity Funds - 25.0%   
Spartan International Index Fund Investor Class (a) 28,644,651 1,077,325,337 
TOTAL EQUITY FUNDS   
(Cost $2,638,434,467)  3,668,028,009 
Fixed-Income Funds - 15.0%   
Investment Grade Fixed-Income Funds - 15.0%   
Spartan U.S. Bond Index Fund Investor Class (a)   
(Cost $632,641,343) 56,017,816 648,126,133 
TOTAL INVESTMENT PORTFOLIO - 100.0%   
(Cost $3,271,075,810)  4,316,154,142 
NET OTHER ASSETS (LIABILITIES) - 0.0%  (267,423) 
NET ASSETS - 100%  $4,315,886,719 

Legend

 (a) Affiliated Fund


Affiliated Underlying Funds

Information regarding the Fund's fiscal year to date purchases and sales of the affiliated Underlying Funds and income earned by the Fund from investments in affiliated Underlying Funds is as follows:

Affiliate Value, beginning of period Purchases Sales Proceeds Dividend Income Value, end of period 
Spartan 500 Index Fund Investor Class $2,023,707,923 $173,045,847 $94,973,834 $30,991,766 $2,072,058,728 
Spartan Extended Market Index Fund Investor Class 505,871,642 66,746,122 30,987,265 1,011,668 518,643,944 
Spartan International Index Fund Investor Class 1,056,124,003 138,301,913 60,479,806 -- 1,077,325,337 
Spartan U.S. Bond Index Fund Investor Class 632,947,533 117,705,594 88,741,186 11,285,078 648,126,133 
Total $4,218,651,101 $495,799,476 $275,182,091 $43,288,512 $4,316,154,142 

Investment Valuation

All investments are categorized as Level 1 under the Fair Value Hierarchy. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. Additional information on valuation inputs is provided later in this section.

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 Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: 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 the Fund's investments by major category are as follows:

Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

Other Information

Income Tax Information

At November 30, 2015, the cost of investment securities for income tax purposes was $3,297,543,714. Net unrealized appreciation aggregated $1,018,610,428, of which $1,039,068,197 related to appreciated investment securities and $20,457,769 related to depreciated investment securities.

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.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.




Item 2.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Aberdeen Street Trusts (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 Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.




Item 3.

Exhibits


Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.




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 Aberdeen Street Trust



By:

/s/Stephanie J. Dorsey


Stephanie J. Dorsey


President and Treasurer



Date:

January 28, 2016


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/Stephanie J. Dorsey


Stephanie J. Dorsey


President and Treasurer



Date:

January 28, 2016



By:

/s/Howard J. Galligan III


Howard J. Galligan III


Chief Financial Officer



Date:

January 28, 2016