Fidelity Central Investment Portfolios LLC Form N-CSR Filed 2023-11-21

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A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended September 30, 2023	Past 1 year	Past 5 years	Past 10 years
Fidelity® Emerging Markets Equity Central Fund	15.11%	2.29%	3.71%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity® Emerging Markets Equity Central Fund on September 30, 2013.

The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

International (non-U.S.) equities gained 20.60% for the 12 months ending September 30, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some market provided a favorable backdrop for risk assets through July. After producing a return of -15.68 in 2022, the index's upturn the past 12 months has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence. Following strong gains in June (+4.50%) and July (+4.07%), the year-to-date rally sputtered in August (-4.51%) and September (-3.35%) amid a stalling pattern in disinflationary trends, soaring yields on longer-term U.S. government bonds and weak economic conditions in the eurozone and China. A stronger U.S. dollar also was a headwind for global economies. Still, non-U.S. stocks ended September up 5.50% year to date. For the full 12 months, all regions advanced, with Europe ex U.K. (+31%) leading. Japan (+26%) and the U.K. (+25%) also outperformed, whereas Asia Pacific ex Japan (+11%) lagged by the widest margin. Each of the 11 sectors also advanced, with information technology (+30%), industrials (+29%) and energy (+28%) ahead of the pack. Conversely, real estate (+5%) lagged most, followed by consumer staples (+9%).

Comments from Co-Managers Priyanshu Bakshi, Di Chen and Lewis Chung:

For the fiscal year, the fund gained 15.11%, versus 11.74% for the benchmark, the MSCI Emerging Markets Index. From a regional standpoint, picks in Emerging Asia and an underweight in the Middle East contributed to the fund's performance versus the benchmark. By sector, security selection helped relative performance, led by materials, consumer discretionary, utilities and information technology. The top individual relative contributor was an overweight in Posco Holdings (+164%). This period we lowered our position in Posco Holdings. The second-largest relative contributor was an overweight in Cemex (+88%), which we reduced the past 12 months. An overweight in PDD Holdings (+54%) also contributed. It was among the biggest holdings at period end. In contrast, our picks in Africa, primarily in South Africa, and a non-benchmark allocation to developed markets detracted from the fund's relative result. By sector, the biggest relative detractor was an underweight in information technology, primarily within the technology hardware & equipment industry. An overweight in consumer discretionary also hurt, as did stock selection in consumer staples. The fund's non-benchmark stake in PagSeguro Digital returned -35% and was the largest individual relative detractor. A second notable relative detractor was an overweight in Impala Platinum Holdings (-43%). A non-benchmark stake in Sea returned -21% and notably hurt. Notable changes in positioning include a higher allocation to India and Taiwan. By sector, meaningful changes in positioning include increased exposure to information technology.

Note to shareholders:

On December 27, 2022, Lewis Chung assumed co-management responsibilities for the fund. On July 1, 2023, Guillermo de las Casas came off of the fund.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Investment Summary September 30, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	7.6
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	4.9
Tencent Holdings Ltd. (China, Interactive Media & Services)	3.5
Alibaba Group Holding Ltd. (China, Broadline Retail)	2.9
HDFC Bank Ltd. (India, Banks)	2.3
PDD Holdings, Inc. ADR (China, Broadline Retail)	2.0
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels)	1.8
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment)	1.5
Meituan Class B (China, Hotels, Restaurants & Leisure)	1.4
China Construction Bank Corp. (H Shares) (China, Banks)	1.4
	29.3

Market Sectors (% of Fund's net assets)

Financials	22.2
Information Technology	19.8
Consumer Discretionary	15.0
Communication Services	8.8
Materials	7.9
Consumer Staples	6.2
Industrials	5.7
Energy	4.7
Health Care	3.7
Utilities	3.0
Real Estate	1.6

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Schedule of Investments September 30, 2023

Showing Percentage of Net Assets

Common Stocks - 95.3%
	Shares	Value ($)
Brazil - 6.0%
Arezzo Industria e Comercio SA	190,539	2,462,407
Cury Construtora e Incorporado SA	322,800	1,044,201
Cyrela Brazil Realty SA	185,800	749,255
Dexco SA	2,623,228	4,018,433
ENGIE Brasil Energia SA	479,100	3,948,854
Equatorial Energia SA	957,828	6,109,154
Hapvida Participacoes e Investimentos SA (a)(b)	6,314,040	5,903,848
Hypera SA (a)	373,780	2,761,773
Localiza Rent a Car SA	874,731	10,190,737
Localiza Rent a Car SA rights 11/10/23 (a)	6,414	20,416
LOG Commercial Properties e Participacoes SA	101,400	410,720
MercadoLibre, Inc. (a)	3,394	4,303,185
Multiplan Empreendimentos Imobiliarios SA (a)	47,200	230,716
PagSeguro Digital Ltd. (a)	1,166,227	10,041,214
Raia Drogasil SA	2,606,200	14,320,606
Rede D'Oregon Sao Luiz SA (b)	79,800	403,402
Rumo SA	2,094,200	9,507,444
StoneCo Ltd. Class A (a)	589,011	6,284,747
Transmissora Alianca de Energia Eletrica SA	470,100	3,232,168
Vale SA sponsored ADR	1,424,915	19,093,861
XP, Inc. Class A	921,283	21,235,573
YDUQS Participacoes SA	915,848	3,620,356
TOTAL BRAZIL		129,893,070
Canada - 0.6%
Barrick Gold Corp.	963,400	14,017,470
Chile - 1.0%
Antofagasta PLC	610,450	10,643,336
Banco de Chile	113,393,500	11,546,703
TOTAL CHILE		22,190,039
China - 26.8%
Advanced Micro-Fabrication Equipment, Inc., China (A Shares)	146,900	3,028,939
Akeso, Inc. (a)(b)	388,892	1,787,792
Alibaba Group Holding Ltd. (a)	5,751,228	62,355,886
Alibaba Group Holding Ltd. sponsored ADR (a)	45,413	3,939,124
Angelalign Technology, Inc. (b)(c)	91,437	568,055
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b)	23,400	329,293
Baidu, Inc.:
Class A (a)	219,750	3,698,540
sponsored ADR (a)	31,064	4,173,448
BeiGene Ltd. ADR (a)	23,400	4,208,958
Beijing Enlight Media Co. Ltd. (A Shares)	1,653,899	1,948,029
Bilibili, Inc. ADR (a)	123,575	1,701,628
BYD Co. Ltd. (H Shares)	548,423	16,897,037
C&S Paper Co. Ltd. (A Shares)	2,058,500	2,889,766
China Communications Services Corp. Ltd. (H Shares)	7,754,000	3,257,671
China Construction Bank Corp. (H Shares)	51,789,000	29,113,308
China Gas Holdings Ltd.	3,567,000	3,366,147
China Jushi Co. Ltd. (A Shares)	4,641,304	8,581,470
China Life Insurance Co. Ltd. (H Shares)	9,809,000	15,281,645
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares)	463,700	786,858
China Overseas Land and Investment Ltd.	1,536,960	3,187,382
China Petroleum & Chemical Corp. (H Shares)	20,284,000	11,086,205
China Resources Beer Holdings Co. Ltd.	1,508,666	8,274,501
China Resources Land Ltd.	1,389,000	5,534,041
China Tower Corp. Ltd. (H Shares) (b)	13,098,210	1,254,466
Daqin Railway Co. Ltd. (A Shares)	8,321,300	8,308,194
Daqo New Energy Corp. ADR (a)	19,114	578,581
ENN Energy Holdings Ltd.	745,500	6,187,947
ESR Group Ltd. (b)	554,600	779,037
Greentown China Holdings Ltd.	1,656,500	1,719,759
Guangdong Investment Ltd.	4,558,000	3,480,656
Haier Smart Home Co. Ltd.	2,795,600	8,737,835
Haier Smart Home Co. Ltd. (A Shares)	211,600	683,936
Haitian International Holdings Ltd.	1,759,000	3,728,717
Innovent Biologics, Inc. (a)(b)	894,351	4,368,426
JD.com, Inc. Class A	493,019	7,172,852
KE Holdings, Inc. ADR	237,700	3,689,104
Kingdee International Software Group Co. Ltd. (a)	414,000	509,639
Kunlun Energy Co. Ltd.	5,564,000	4,795,970
Kweichow Moutai Co. Ltd. (A Shares)	43,800	10,789,083
Lenovo Group Ltd.	6,678,626	6,882,500
Li Auto, Inc.:
ADR (a)	340,865	12,151,837
Class A (a)	57,370	1,023,805
Li Ning Co. Ltd.	865,984	3,643,769
Longfor Properties Co. Ltd. (b)	272,034	489,115
Medlive Technology Co. Ltd. (b)	176,500	178,282
Meituan Class B (a)(b)	2,017,998	29,212,925
NetEase, Inc. ADR	90,470	9,061,475
New Oriental Education & Technology Group, Inc. (a)	126,700	749,803
New Oriental Education & Technology Group, Inc. sponsored ADR (a)	187,974	11,005,878
PDD Holdings, Inc. ADR (a)	444,045	43,547,493
Ping An Insurance Group Co. of China Ltd. (H Shares)	4,838,000	27,439,429
Proya Cosmetics Co. Ltd. (A Shares)	578,988	8,056,588
Shangri-La Asia Ltd. (a)	932,000	637,920
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares)	171,703	6,344,886
Sinopec Engineering Group Co. Ltd. (H Shares)	5,122,500	2,309,097
Sinopharm Group Co. Ltd. (H Shares)	844,109	2,446,865
Sinotruk Hong Kong Ltd.	1,686,000	3,246,717
Sunny Optical Technology Group Co. Ltd.	179,400	1,253,128
Tencent Holdings Ltd.	1,932,062	74,894,373
Tongdao Liepin Group (a)	703,363	628,728
TravelSky Technology Ltd. (H Shares)	2,337,000	4,052,696
Trip.com Group Ltd. ADR (a)	366,572	12,819,023
Tsingtao Brewery Co. Ltd. (H Shares)	1,155,800	9,460,765
Uni-President China Holdings Ltd.	4,109,400	2,886,202
WuXi AppTec Co. Ltd. (H Shares) (b)(c)	342,352	4,098,545
Wuxi Biologics (Cayman), Inc. (a)(b)	1,823,932	10,600,434
Xinyi Solar Holdings Ltd.	3,461,167	2,590,036
XPeng, Inc. ADR (a)(c)	333,999	6,132,222
Zai Lab Ltd. (a)	1,139,648	2,788,810
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares)	934,500	3,233,956
ZTO Express, Inc. sponsored ADR	475,100	11,483,167
TOTAL CHINA		578,130,394
Greece - 0.6%
Alpha Bank SA (a)	5,704,401	7,589,986
Piraeus Financial Holdings SA (a)	1,628,583	4,838,312
TOTAL GREECE		12,428,298
Hong Kong - 0.9%
ASMPT Ltd.	470,100	4,208,175
Huanxi Media Group Ltd. (a)	9,169,702	1,007,023
Kerry Properties Ltd.	652,000	1,109,015
Prudential PLC	1,255,348	13,494,160
TOTAL HONG KONG		19,818,373
Hungary - 0.1%
Richter Gedeon PLC	130,548	3,159,899
India - 18.8%
Apollo Hospitals Enterprise Ltd.	122,306	7,567,624
Bajaj Auto Ltd.	116,181	7,085,033
Bajaj Finance Ltd.	223,648	21,037,618
Bharat Electronics Ltd.	5,198,700	8,658,761
Bharti Airtel Ltd.	2,075,706	23,158,115
Coal India Ltd.	2,324,400	8,263,538
Divi's Laboratories Ltd.	77,760	3,525,960
Eicher Motors Ltd.	119,390	4,956,119
Embassy Office Parks (REIT)	561,352	2,032,252
HDFC Bank Ltd. (a)	2,670,682	48,983,767
HDFC Standard Life Insurance Co. Ltd. (b)	2,091,628	16,055,924
Hindustan Aeronautics Ltd.	265,200	6,158,191
ICICI Bank Ltd.	1,365,600	15,646,584
Indraprastha Gas Ltd.	1,000,720	5,481,755
Infosys Ltd.	388,565	6,678,115
Infosys Ltd. sponsored ADR	1,574,294	26,936,170
ITC Ltd.	2,725,187	14,585,092
JK Cement Ltd.	334,398	12,804,260
Larsen & Toubro Ltd.	425,751	15,502,853
Ltimindtree Ltd. (b)	5,600	351,360
Mahanagar Gas Ltd.	318,301	3,943,927
Mahindra & Mahindra Ltd.	178,328	3,337,945
MakeMyTrip Ltd. (a)	112,256	4,548,613
Mankind Pharma Ltd.	236,582	5,115,140
Maruti Suzuki India Ltd.	49,720	6,353,454
NTPC Ltd.	2,950,011	8,723,733
One97 Communications Ltd. (a)	646,725	6,680,268
Petronet LNG Ltd.	1,116,868	3,227,464
Power Grid Corp. of India Ltd.	3,386,841	8,147,426
Reliance Industries Ltd.	1,377,097	38,890,738
Shree Cement Ltd.	26,427	8,104,577
Sona Blw Precision Forgings Ltd. (b)	622,578	4,374,204
SRF Ltd.	240,600	6,517,801
Star Health & Allied Insurance Co. Ltd. (a)	1,260,200	9,120,458
Tata Motors Ltd.	322,726	2,449,352
Tata Steel Ltd.	8,624,500	13,388,307
Torrent Pharmaceuticals Ltd.	101,833	2,365,822
Zomato Ltd. (a)	12,724,254	15,553,824
TOTAL INDIA		406,312,144
Indonesia - 2.7%
First Resources Ltd.	5,740,300	6,424,769
PT Bank Central Asia Tbk	36,610,824	20,905,242
PT Bank Rakyat Indonesia (Persero) Tbk	65,486,455	22,139,549
PT Sumber Alfaria Trijaya Tbk	33,018,600	6,323,847
PT Telkom Indonesia Persero Tbk	11,776,300	2,854,656
TOTAL INDONESIA		58,648,063
Korea (South) - 10.9%
Coway Co. Ltd.	110,070	3,352,534
Delivery Hero AG (a)(b)	96,151	2,761,984
Hyundai Motor Co. Ltd.	19,866	2,802,662
Jeisys Medical, Inc. (a)	129,314	1,148,944
Kakao Corp.	209,884	6,834,125
Kakao Pay Corp. (a)	50,634	1,523,154
Kia Corp.	266,682	16,014,694
LG Chemical Ltd.	9,900	3,616,400
LG Corp.	105,552	6,546,215
LS Electric Co. Ltd.	35,511	2,452,887
NAVER Corp.	112,777	16,822,990
NCSOFT Corp.	4,696	770,295
POSCO	32,301	12,696,278
Samsung Biologics Co. Ltd. (a)(b)	15,726	7,919,999
Samsung Electronics Co. Ltd.	2,086,702	105,248,453
Samsung SDI Co. Ltd.	28,359	10,692,542
SK Hynix, Inc.	387,328	32,717,479
TOTAL KOREA (SOUTH)		233,921,635
Mauritius - 0.0%
Jumo World Holding Ltd. (d)(e)	161,297	285,496
Jumo World Ltd. (a)(e)	161	0
TOTAL MAURITIUS		285,496
Mexico - 3.1%
CEMEX S.A.B. de CV sponsored ADR (a)	2,268,500	14,745,250
Corporacion Inmobiliaria Vesta S.A.B. de CV	769,600	2,538,764
Fibra Uno Administracion SA de CV	1,077,800	1,796,591
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B	466,596	7,669,015
Grupo Aeroportuario Norte S.A.B. de CV	320,800	3,481,630
Grupo Financiero Banorte S.A.B. de CV Series O	2,970,532	24,904,572
Wal-Mart de Mexico SA de CV Series V	2,993,800	11,269,160
TOTAL MEXICO		66,404,982
Netherlands - 0.1%
CTP BV (b)	90,385	1,293,876
Panama - 0.3%
Copa Holdings SA Class A	76,670	6,832,830
Peru - 0.5%
Credicorp Ltd. (United States)	76,909	9,842,045
Philippines - 0.4%
Ayala Land, Inc.	6,376,700	3,316,037
SM Investments Corp.	242,000	3,604,446
SM Prime Holdings, Inc.	2,124,500	1,136,678
TOTAL PHILIPPINES		8,057,161
Poland - 0.5%
CD Projekt RED SA (c)	138,183	3,960,151
Dino Polska SA (a)(b)	82,954	6,740,909
TOTAL POLAND		10,701,060
Romania - 0.1%
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA	46,900	1,196,238
Russia - 0.7%
Fix Price Group Ltd. GDR (Reg. S) (a)(e)	365,722	135,072
Gazprom OAO sponsored ADR (Reg. S) (a)(e)	782,800	178,823
LSR Group OJSC (e)	6,300	6,111
LUKOIL PJSC sponsored ADR (a)(e)	176,600	49,958
Novatek PJSC GDR (Reg. S) (a)(e)	46,200	2,587,200
Sberbank of Russia (e)	794,750	4,712
Sberbank of Russia sponsored ADR (a)(e)	1,468,992	26,148
Severstal PAO GDR (Reg. S) (a)(e)	433,400	10,233
TCS Group Holding PLC GDR (a)(e)	292,174	3,506,088
X5 Retail Group NV GDR (Reg. S) (a)(e)	450,200	4,538,016
Yandex NV Series A (a)(e)	471,648	4,622,150
TOTAL RUSSIA		15,664,511
Saudi Arabia - 3.2%
Al Rajhi Bank	914,415	16,555,021
Alinma Bank	1,454,700	12,954,973
Bupa Arabia for Cooperative Insurance Co.	221,850	12,303,804
Saudi Arabian Oil Co. (b)	522,500	4,876,082
The Saudi National Bank	2,515,993	22,003,912
TOTAL SAUDI ARABIA		68,693,792
Singapore - 1.1%
Sea Ltd. ADR (a)	535,533	23,536,675
South Africa - 2.8%
Capitec Bank Holdings Ltd.	181,099	16,416,486
Discovery Ltd.	1,537,900	11,140,866
Impala Platinum Holdings Ltd.	1,869,600	9,739,017
Naspers Ltd. Class N	56,717	9,063,187
Pick 'n Pay Stores Ltd.	2,331,408	4,555,996
Shoprite Holdings Ltd.	717,441	9,088,060
TOTAL SOUTH AFRICA		60,003,612
Taiwan - 11.6%
Accton Technology Corp.	87,000	1,335,494
Alchip Technologies Ltd.	149,000	12,496,091
ASE Technology Holding Co. Ltd.	313,000	1,068,993
ASUSTeK Computer, Inc.	193,000	2,197,348
BizLink Holding, Inc.	505,390	4,241,190
Chailease Holding Co. Ltd.	3,203,658	17,999,070
Chroma ATE, Inc.	371,000	3,183,333
Delta Electronics, Inc.	498,000	5,018,537
E Ink Holdings, Inc.	73,000	407,268
eMemory Technology, Inc.	85,774	5,388,137
Formosa Plastics Corp.	2,942,000	7,276,779
Global Unichip Corp.	27,828	1,185,613
Hon Hai Precision Industry Co. Ltd. (Foxconn)	278,000	896,546
King Yuan Electronics Co. Ltd.	1,873,000	4,419,462
Lite-On Technology Corp.	446,000	1,684,746
Taiwan Semiconductor Manufacturing Co. Ltd.	10,021,763	163,505,954
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	25,300	2,198,570
Uni-President Enterprises Corp.	4,055,000	8,818,162
Unimicron Technology Corp.	428,559	2,313,443
Wiwynn Corp.	73,847	3,445,401
TOTAL TAIWAN		249,080,137
Tanzania - 0.0%
Helios Towers PLC (a)	906,200	811,550
Thailand - 0.7%
Carabao Group PCL (For. Reg.)	2,652,900	5,948,938
Land & House PCL (For. Reg.)	5,415,700	1,155,191
PTT Global Chemical PCL (For. Reg.)	7,628,200	7,196,907
Supalai PCL (For. Reg.)	1,411,000	775,582
TOTAL THAILAND		15,076,618
United Arab Emirates - 0.1%
Emaar Properties PJSC	663,350	1,452,018
United States of America - 1.7%
FirstCash Holdings, Inc.	167,272	16,790,763
Globant SA (a)	21,184	4,191,254
Legend Biotech Corp. ADR (a)	34,226	2,298,960
Parade Technologies Ltd.	22,000	673,741
Tenaris SA sponsored ADR	177,200	5,599,520
Titan Cement International Trading SA	425,630	7,748,954
TOTAL UNITED STATES OF AMERICA		37,303,192
TOTAL COMMON STOCKS (Cost $1,984,860,097)		2,054,755,178

Preferred Stocks - 3.2%
	Shares	Value ($)
Convertible Preferred Stocks - 0.5%
China - 0.4%
ByteDance Ltd. Series E1 (a)(d)(e)	30,246	7,066,978
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e)	52,588	411,764
		7,478,742
India - 0.1%
Meesho Series F (a)(d)(e)	33,863	2,641,653
TOTAL CONVERTIBLE PREFERRED STOCKS		10,120,395
Nonconvertible Preferred Stocks - 2.7%
Brazil - 1.9%
Companhia de Transmissao de Energia Eletrica Paulista (PN)	625,300	2,910,947
Metalurgica Gerdau SA (PN)	4,773,300	10,588,235
Petroleo Brasileiro SA - Petrobras:
(PN) sponsored ADR (non-vtg.)	1,036,000	14,203,560
sponsored ADR	874,700	13,111,753
		40,814,495
Korea (South) - 0.8%
Hyundai Motor Co. Ltd. Series 2	93,208	7,289,706
Samsung Electronics Co. Ltd.	237,058	9,528,235
		16,817,941
United States of America - 0.0%
Gupshup, Inc. (a)(d)(e)	44,950	561,875
TOTAL NONCONVERTIBLE PREFERRED STOCKS		58,194,311
TOTAL PREFERRED STOCKS (Cost $52,474,660)		68,314,706

Corporate Bonds - 0.1%
	Principal Amount (f)	Value ($)
Convertible Bonds - 0.1%
Brazil - 0.1%
Creditas Financial Solutions Ltd. 5% 7/28/27 (d)(e)	2,066,600	2,073,833
Nonconvertible Bonds - 0.0%
China - 0.0%
Ant International Co. Ltd. 3.55% 8/14/24 (d)(e)	601,592	598,584
TOTAL CORPORATE BONDS (Cost $2,668,192)		2,672,417

Government Obligations - 0.0%
	Principal Amount (f)	Value ($)
United States of America - 0.0%
U.S. Treasury Bills, yield at date of purchase 5.32% 10/19/23 (Cost $109,711)	110,000	109,725

Money Market Funds - 1.6%
	Shares	Value ($)
Fidelity Cash Central Fund 5.39% (g)	22,503,177	22,507,677
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h)	10,700,580	10,701,650
TOTAL MONEY MARKET FUNDS (Cost $33,208,944)		33,209,327

TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $2,073,321,604)	2,159,061,353
NET OTHER ASSETS (LIABILITIES) - (0.2)%	(3,519,318)
NET ASSETS - 100.0%	2,155,542,035

Legend

(a)	Non-income producing

(b)

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 $104,347,958 or 4.8% of net assets.

(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 $13,640,183 or 0.6% of net assets.

(e)	Level 3 security

(f)	Amount is stated in United States dollars unless otherwise noted.

(g)

Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

(h)	Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:
Security	Acquisition Date	Acquisition Cost ($)
Ant International Co. Ltd. 3.55% 8/14/24	8/14/23	601,592

ByteDance Ltd. Series E1	11/18/20	3,314,181

Creditas Financial Solutions Ltd. 5% 7/28/27	1/28/22 - 7/28/23	2,066,600

dMed Biopharmaceutical Co. Ltd. Series C	12/01/20	746,915

Gupshup, Inc.	6/08/21	1,027,791

Jumo World Holding Ltd.	9/06/23	161,297

Meesho Series F	9/21/21	2,596,355

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 5.39%	23,156,025	919,987,198	920,635,546	1,485,556	-	-	22,507,677	0.1%
Fidelity Securities Lending Cash Central Fund 5.39%	9,615,779	449,580,661	448,494,790	228,127	-	-	10,701,650	0.0%
Total	32,771,804	1,369,567,859	1,369,130,336	1,713,683	-	-	33,209,327

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of September 30, 2023, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	188,805,395	71,241,288	105,874,979	11,689,128
Consumer Discretionary	329,528,409	171,277,017	155,609,739	2,641,653
Consumer Staples	135,105,532	121,614,282	8,818,162	4,673,088
Energy	102,074,841	99,258,860	-	2,815,981
Financials	473,691,597	315,669,681	154,199,472	3,822,444
Health Care	80,303,481	57,433,530	22,458,187	411,764
Industrials	120,434,134	107,193,842	13,240,292	-
Information Technology	427,375,158	52,728,352	374,084,931	561,875
Materials	170,787,568	137,448,861	33,328,474	10,233
Real Estate	33,438,847	33,432,736	-	6,111
Utilities	61,524,922	61,524,922	-	-

Corporate Bonds	2,672,417	-	-	2,672,417

Government Obligations	109,725	-	109,725	-

Money Market Funds	33,209,327	33,209,327	-	-
Total Investments in Securities:	2,159,061,353	1,262,032,698	867,723,961	29,304,694

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:


Investments in Securities:
Beginning Balance	$	13,983,170
Net Realized Gain (Loss) on Investment Securities		(969,388)
Net Unrealized Gain (Loss) on Investment Securities		15,734,274
Cost of Purchases		1,451,755
Proceeds of Sales		(895,117)
Amortization/Accretion		-
Transfers into Level 3		-
Transfers out of Level 3		-
Ending Balance	$	29,304,694
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2023	$	14,825,959
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Financial Statements

Statement of Assets and Liabilities
				September 30, 2023

Assets
Investment in securities, at value (including securities loaned of $10,680,258) - See accompanying schedule:
Unaffiliated issuers (cost $2,040,112,660)	$	2,125,852,026
Fidelity Central Funds (cost $33,208,944)		33,209,327


Total Investment in Securities (cost $2,073,321,604)			$	2,159,061,353
Foreign currency held at value (cost $9,200,001)				5,445,963
Receivable for investments sold				13,790,878
Receivable for fund shares sold				3,040
Dividends receivable				4,701,189
Interest receivable				22,663
Distributions receivable from Fidelity Central Funds				124,057
Other receivables				316,026
Total assets				2,183,465,169
Liabilities
Payable to custodian bank	$	15,919
Payable for investments purchased		6,524,589
Payable for fund shares redeemed		1,511,166
Deferred taxes		9,062,674
Other payables and accrued expenses		107,136
Collateral on securities loaned		10,701,650
Total Liabilities				27,923,134
Net Assets			$	2,155,542,035
Net Assets consist of:
Paid in capital			$	2,276,735,115
Total accumulated earnings (loss)				(121,193,080)
Net Assets			$	2,155,542,035
Net Asset Value, offering price and redemption price per share ($2,155,542,035 ÷ 11,477,607 shares)			$	187.80

Statement of Operations
				Year ended September 30, 2023
Investment Income
Dividends			$	61,071,362
Non-Cash dividends				5,151,599
Interest				71,619
Income from Fidelity Central Funds (including $228,127 from security lending)				1,713,683
Income before foreign taxes withheld			$	68,008,263
Less foreign taxes withheld				(6,630,820)
Total Income				61,377,443
Expenses
Custodian fees and expenses	$	428,392
Independent trustees' fees and expenses		11,244
Interest		14,991
Total Expenses				454,627
Net Investment income (loss)				60,922,816
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $2,578,437)		(106,586,945)
Foreign currency transactions		(276,770)
Futures contracts		1,940,837
Total net realized gain (loss)				(104,922,878)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $5,863,078)		302,807,605
Assets and liabilities in foreign currencies		(3,083,960)
Total change in net unrealized appreciation (depreciation)				299,723,645
Net gain (loss)				194,800,767
Net increase (decrease) in net assets resulting from operations			$	255,723,583

Statement of Changes in Net Assets

		Year ended September 30, 2023		Year ended September 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	60,922,816	$	50,153,926
Net realized gain (loss)		(104,922,878)		(70,415,223)
Change in net unrealized appreciation (depreciation)		299,723,645		(732,341,671)
Net increase (decrease) in net assets resulting from operations		255,723,583		(752,602,968)
Distributions to shareholders		(66,650,856)		(175,351,726)

Affiliated share transactions
Proceeds from sales of shares		527,724,240		889,582,434
Reinvestment of distributions		66,650,856		175,351,726
Cost of shares redeemed		(399,969,764)		(267,629,838)

Net increase (decrease) in net assets resulting from share transactions		194,405,332		797,304,322
Total increase (decrease) in net assets		383,478,059		(130,650,372)

Net Assets
Beginning of period		1,772,063,976		1,902,714,348
End of period	$	2,155,542,035	$	1,772,063,976

Other Information
Shares
Sold		2,759,066		4,216,200
Issued in reinvestment of distributions		350,181		743,918
Redeemed		(2,152,238)		(1,290,658)
Net increase (decrease)		957,009		3,669,460

Financial Highlights

Fidelity® Emerging Markets Equity Central Fund

Years ended September 30,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	168.44	$	277.72	$	237.14	$	210.61	$	220.61
Income from Investment Operations
Net investment income (loss) A,B		5.48		5.84		5.06		3.85		7.79 C
Net realized and unrealized gain (loss)		19.98		(90.17)		40.55		28.57		1.52
Total from investment operations		25.46		(84.33)		45.61		32.42		9.31
Distributions from net investment income		(6.10)		(6.45)		(5.03)		(5.52)		(4.54)
Distributions from net realized gain		-		(18.50)		-		(.37)		(14.76)
Total distributions		(6.10)		(24.95)		(5.03)		(5.89)		(19.31) D
Net asset value, end of period	$	187.80	$	168.44	$	277.72	$	237.14	$	210.61
Total Return E		15.11%		(32.96)%		19.17%		15.71%		5.22%
Ratios to Average Net Assets B,F,G
Expenses before reductions		.02%		.02%		.03%		.05%		.06%
Expenses net of fee waivers, if any		.02%		.02%		.03%		.05%		.06%
Expenses net of all reductions		.02%		.02%		.03%		.05%		.06%
Net investment income (loss)		2.88%		2.68%		1.74%		1.76%		3.73% C
Supplemental Data
Net assets, end of period (000 omitted)	$	2,155,542	$	1,772,064	$	1,902,714	$	1,986,807	$	1,779,865
Portfolio turnover rate H		50%		58%		68%		50%		60%

ACalculated based on average shares outstanding during the period.

BNet investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

CNet investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $2.72 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been 2.43%.

DTotal distributions per share do not sum due to rounding.

ETotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

FFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

GExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

HAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements

For the period ended September 30, 2023

1. Organization.

Fidelity Emerging Markets Equity Central Fund (the Fund) is a fund of Fidelity Central Investment Portfolios LLC (the LLC) and is authorized to issue an unlimited number of shares. Shares of the Fund are only offered to other investment companies and accounts managed by Fidelity Management & Research Company LLC (FMR), or its affiliates (the Investing Funds). The LLC is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware Limited Liability Company. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
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%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Directors (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Corporate bonds and U.S. government and government agency obligations are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value	Valuation Technique(s)	Unobservable Input	Amount or Range/Weighted Average	Impact to Valuation from an Increase in InputA
Equities	$26,632,277	Market comparable	Enterprise value/Revenue multiple (EV/R)	2.8 - 7.5 / 4.1	Increase
		Market approach	Discount rate	20.0% - 50.0% / 21.3%	Decrease
		Indicative market price	Discount rate	20.0%	Decrease
			Bid price	$15.00 - $70.00 / $38.35	Increase
		Recovery value	Recovery value	$0.00	Increase
Corporate Bonds	$2,672,417	Market comparable	Enterprise value/Revenue multiple (EV/R)	6.0	Increase
		Discounted cash flow	Discount rate	4.2%	Decrease

A Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of September 30, 2023, as well as a roll forward of Level 3 investments, is included at the end of the Fund's Schedule of Investments.

Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of September 30, 2023, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Deferred taxes on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to futures contracts, foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$363,496,320
Gross unrealized depreciation	(307,624,104)
Net unrealized appreciation (depreciation)	$55,872,216
Tax Cost	$2,103,189,137

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$9,526,003
Capital loss carryforward	$(173,659,907)
Net unrealized appreciation (depreciation) on securities and other investments	$52,003,499

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

Short-term	$(111,952,107)
Long-term	(61,707,800)
Total capital loss carryforward	$(173,659,907)

The tax character of distributions paid was as follows:

	September 30, 2023	September 30, 2022
Ordinary Income	$66,650,856	$ 51,459,061
Long-term Capital Gains	-	123,892,665
Total	$66,650,856	$ 175,351,726

Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

New Accounting Pronouncement. In June 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-03 Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The amendments in this ASU clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. They also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. They also require additional disclosures for equity securities subject to contractual sale restrictions. ASU 2022-03 will be effective for fiscal years, including interim periods within those fiscal years, beginning after December 15, 2023, and allows for early adoption. ASU 2022-03 will only be applicable to an equity security in which the contractual arrangement that restricts its sale is executed or modified on or after the adoption date. Management is currently evaluating the potential impact of ASU 2022-03 to the financial statements.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Fund's investment objectives allow for various types of derivative instruments, including futures 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.

Derivatives were used to increase returns and 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 objectives may not be achieved.

Derivatives were used to increase or decrease 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.

Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that a fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to a fund. Counterparty credit risk related to exchange-traded contracts may be mitigated by the protection provided by the exchange on which they trade.

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 and amounts recognized in the Statement of Assets and Liabilities. 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 fixed price at a specified future date. Futures contracts were used to manage exposure to the stock market.

Upon entering into a futures contract, a fund is required to deposit either cash or securities (initial margin) with a clearing broker in an amount equal to a certain percentage of the face value of the contract. Futures contracts are marked-to-market daily and subsequent daily payments are made or received by a fund depending on the daily fluctuations in the value of the futures contracts and are recorded as unrealized appreciation or (depreciation). This receivable and/or payable, if any, is included in daily variation margin on futures contracts in the Statement of Assets and Liabilities. Realized gain or (loss) is recorded upon the expiration or closing of a futures contract. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on futures contracts during the period is presented in the Statement of Operations.

Any open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The notional amount at value reflects each contract's exposure to the underlying instrument or index at period end, and is representative of volume of activity during the period unless an average notional amount is presented. Any securities deposited to meet initial margin requirements are identified in the Schedule of Investments. Any cash deposited to meet initial margin requirements is presented as segregated cash with brokers for derivative instruments in the Statement of Assets and Liabilities.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, U.S. government securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Emerging Markets Equity Central Fund	1,210,680,289	1,027,187,980

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) provides the Fund with investment management services. The Fund does not pay any fees for these services. Pursuant to the Fund's management contract, the investment adviser receives a monthly management fee that represents a portion of the management fees it receives from the Investing Funds. In addition, under an expense contract, the investment adviser also pays all other expenses of the Fund, excluding custody fees, the compensation of the independent Directors, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Brokerage Commissions. A portion of portfolio transactions were placed with brokerage firms which are affiliates of the investment adviser. Brokerage commissions are included in net realized gain (loss) and change in net unrealized appreciation (depreciation) in the Statement of Operations. The commissions paid to these affiliated firms were as follows:

	Amount
Fidelity Emerging Markets Equity Central Fund	$8,341

Interfund Lending Program. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), the Fund, along with other registered investment companies having management contracts with FMR, or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the Fund to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Activity in this program during the period for which loans were outstanding was as follows:

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Emerging Markets Equity Central Fund	Borrower	$ 16,227,143	4.75%	$14,991

Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. Interfund trades during the period are noted in the table below.

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Emerging Markets Equity Central Fund	13,010,722	20,486,522	(2,387,010)

7. Security Lending.

Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income 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. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:

	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 Emerging Markets Equity Central Fund	$24,243	$210	$-

8. Other.

A fund's organizational documents provide former and current directors and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

9. Risk and Uncertainties.

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as pandemics, epidemics, outbreaks of infectious diseases, war, terrorism, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Central Investment Portfolios LLC and the Shareholders of Fidelity Emerging Markets Equity Central Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity Emerging Markets Equity Central Fund (the "Fund"), a fund of Fidelity Central Investment Portfolios LLC, including the schedule of investments, as of September 30, 2023, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of September 30, 2023, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting 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.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of September 30, 2023, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

November 10, 2023

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Directors and Officers (Trustees and Officers)

DIRECTORS AND OFFICERS (TRUSTEES AND OFFICERS)

The Trustees, Members of the Advisory Board (if any), and officers of the Fidelity Central Investment Portfolios LLC and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Vijay Advani, each of the Trustees oversees 322 funds. Mr. Advani oversees 215 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Chair. The Trustees have determined that an interested Chair is appropriate and benefits shareholders because an interested Chair has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chair, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chair and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's alternative investment, investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Bettina Doulton (1964)

Year of Election or Appointment: 2020

Trustee

Ms. Doulton also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Trustee and Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the Fidelity Central Investment Portfolios LLC or various entities under common control with FMR.

+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Trustee

Mr. Advani also serves as Trustee or Member of the Advisory Board of other funds. Previously, Mr. Advani served as Executive Chairman (2020-2022), Chief Executive Officer (2017-2020) and Chief Operating Officer (2016-2017) of Nuveen (global investment manager). He also served in various capacities at Franklin Resources (global investment manager), including Co-President (2015-2016), Executive Vice President, Global Advisory Services (2008-2015), Head of Global Retail Distribution (2005-2008), Executive Managing Director, International Retail Development (2002-2005), Managing Director, Product Developments, Sales & Marketing, Asia, Eastern Europe and Africa (2000-2002) and President, Templeton Asset Management India (1995-2000). Mr. Advani also served as Senior Investment Officer of International Finance Corporation (private equity and venture capital arm of The World Bank, 1984-1995). Mr. Advani is Chairman Emeritus of the U.S. India Business Council (2018-present), a Director of The Global Impact Investing Network (2019-present), a Director of LOK Capital (Mauritius) (2022-present), a member of the Advisory Council of LOK Capital (2022-present), a Senior Advisor of Neuberger Berman (2021-present), a Senior Advisor of Seviora Holdings Pte. Ltd (Temasek-Singapore) (2021-present), a Director of Seviora Capital (Singapore) (2021-present) and an Advisor of EQUIAM (2021-present). Mr. Advani formerly served as a member of the Board of BowX Acquisition Corp. (special purpose acquisition company, 2020-2021), a member of the Board of Intellecap (advisory arm of The Aavishkaar Group, 2018-2020), a member of the Board of Nuveen Investments, Inc. (2017-2020) and a member of the Board of Docusign (software, 2016-2019).

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Lieutenant General Bostick also serves as Trustee of other Fidelity® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance & Sustainability Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present), as a member of the Board of HireVue, Inc. (video interview and assessment, 2020-present), as a member of the Board of Allonnia (biotechnology and engineering solutions, 2022-present) and on the Advisory Board of Solugen, Inc. (specialty bio-based chemicals manufacturer, 2022-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Mr. Dirks also serves as Trustee of other Fidelity® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Mr. Donahue also serves as Trustee of other Fidelity® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York. Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018) and as a member of the Board of The Leadership Academy (previously NYC Leadership Academy) (2012-2022).

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Ms. Fuller also serves as Trustee of other Fidelity® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present), as a member of the Board of Treliant, LLC (consulting, 2019-present), as a member of the Board of Ariel Alternatives, LLC (private equity, 2022-present) and as a member of the Board and Chair of the Audit Committee of Gusto, Inc. (software, 2021-present). In addition, Ms. Fuller currently serves as a member of the Board of Roosevelt University (2019-present) and as a member of the Executive Board of New York University's Stern School of Business. Ms. Fuller previously served as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-2021).

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Ms. Kampling also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee and Chair of the Executive Development and Compensation Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Mr. Kennedy also serves as Trustee of other Fidelity® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy served as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-2021). Mr. Kennedy serves as a Director of the Board of Directors of Textron Inc. (aerospace and defense, 2023-present).

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Mr. Munoz also serves as Trustee of other Fidelity® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present), a member of the Board of Archer Aviation Inc. (2021-present), a member of the Defense Business Board of the United States Department of Defense (2021-present) and a member of the Board of Salesforce.com, Inc. (cloud-based software, 2022-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Mr. Thomas also serves as Trustee of other Fidelity® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and as Director (2013-present) and Non-Executive Chairman of the Board (2022-present) of Interpublic Group of Companies, Inc. (marketing communication).

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Ms. Tomasky also serves as Trustee of other Fidelity® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Executive Committee, Corporate Governance Committee and Organization and Compensation Committee and as Lead Director of the Board of Public Service Enterprise Group, Inc. (utilities company, 2012-present) and as a member of the Board of its subsidiary company, Public Service Electric and Gas Co. (2021-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company - America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Kenyon in the World Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).

Michael E. Wiley (1950)

Year of Election or Appointment: 2018

Trustee

Mr. Wiley also serves as Trustee of other Fidelity® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).

Advisory Board Members and Officers:

Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2004

Member of the Advisory Board

Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Ms. Peetz also serves as a Member of the Advisory Board of other funds. Previously, Ms. Peetz served as Chief Administration Officer (2020-2023) of Citigroup Inc. (a diversified financial service company). She also served in various capacities at Bank of New York Mellon Corporation, including President (2013-2016), Vice Chairman, Senior Executive Vice President and Chief Executive Officer of Financial Markets & Treasury Services (2010-2013), Senior Executive Vice President and Chief Executive Officer of Global Corporate Trust (2003-2008), Senior Vice President and Division Manager of Global Payments & Trade Services (2002-2003) and Senior Vice President and Division Manager of Domestic Corporate Trust (1998-2002). Ms. Peetz also served in various capacities at Chase Manhattan Corporation (1982-1998), including Senior Vice President and Manager of Corporate Trust International Business (1996-1998), Managing Director and Manager of Corporate Trust Services (1994-1996) and Managing Director and Group Manager of Financial Institution Sales (1990-1993). Ms. Peetz currently serves as Chair of Amherst Holdings Advisory Council (2018-present), Trustee of Johns Hopkins University (2016-present), Chair of the Carey Business School Advisory Council, Member of the Johns Hopkins Medicine Board and Finance Committee and Chair of the Lyme and Tick Related Disease Institute Advisory Council. Ms. Peetz previously served as a member of the Board of Guardian Life Insurance Company of America (2019-2023), a member of the Board of Trane Technologies (2018-2022), a member of the Board of Wells Fargo Corp. (2017-2019), a member of the Board of SunCoke Energy Inc. (2012-2016), a member of the Board of Private Export Funding Corporation (2010-2016) and as a Trustee of Penn State University (2010-2014) and the United Way of New York City (2008-2010).

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Ms. Bonner also serves as an officer of other funds. Ms. Bonner is a Senior Vice President (2022-present) and is an employee of Fidelity Investments (2022-present). Ms. Bonner serves as Assistant Treasurer of Fidelity CRET Trustee LLC (2022-present). Prior to joining Fidelity, Ms. Bonner served as Managing Director at AQR Capital Management (2013-2022) and was the Treasurer and Principal Financial Officer of the AQR Funds (2013-2022).

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

Mr. Brown also serves as an officer of other funds. Mr. Brown is a Vice President (2015-present) and is an employee of Fidelity Investments. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present). Previously, Mr. Brown served as Assistant Treasurer of certain Fidelity® funds (2019-2022).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke is Head of Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments. Mr. Burke serves as President, Executive Vice President, or Director of certain Fidelity entities. Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

Ms. Carey also serves as an officer of other funds and as CLO of certain Fidelity entities. Ms. Carey is a Senior Vice President, Deputy General Counsel (2019-present) and is an employee of Fidelity Investments.

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Mr. Coffey also serves as Assistant Secretary of other funds. Mr. Coffey is a Senior Vice President, Deputy General Counsel (2010-present) and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, or Senior Vice President of certain Fidelity entities and Assistant Secretary of certain funds (2009-2018).

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Mr. Cohen also serves as Vice President of other funds. Mr. Cohen is Co-Head of Equity (2018-present) and is an employee of Fidelity Investments. Mr. Cohen serves a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present). Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019) and Head of Global Equity Research (2016-2018).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as an officer of other funds. Mr. Davis is a Vice President (2006-present) and is an employee of Fidelity Investments. Mr. Davis serves as Assistant Treasurer of certain Fidelity entities.

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato is a Senior Vice President (2017-present) and is an employee of Fidelity Investments. Ms. Del Prato serves as Vice President or Assistant Treasurer of certain Fidelity entities. Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020).

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan is a Vice President (2016-present) and is an employee of Fidelity Investments. Mr. Hogan serves as Assistant Treasurer of certain Fidelity entities. Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity® funds (2016-2020) and Assistant Treasurer of certain Fidelity® funds (2016-2018).

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Ms. Holding also serves as Vice President of other funds. Ms. Holding is Co-Head of Equity (2018-present) and is an employee of Fidelity Investments. Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Mr. Maher also serves as an officer of other funds. Mr. Maher is a Vice President (2008-present) and is an employee of Fidelity Investments. Mr. Maher serves as Assistant Treasurer of certain Fidelity entities. Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a Senior Vice President of Asset Management Compliance (2020-present) and is an employee of Fidelity Investments. Mr. Pogorelec serves as Compliance Officer of Fidelity Management & Research Company LLC (investment adviser firm, 2023-present) and Ballyrock Investment Advisors LLC (2023-present). Previously, Mr. Pogorelec served as a Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity® funds (2015-2020).

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Mr. Segaloff also serves as AML Officer of other funds. Mr. Segaloff is a Vice President (2022-present) and is an employee of Fidelity Investments. Mr. Segaloff serves as Anti Money Laundering Compliance Officer or Anti Money Laundering/Bank Secrecy Act Compliance Officer of certain Fidelity entities.

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith is a Senior Vice President (2016-present) and is an employee of Fidelity Investments. Ms. Smith serves as Assistant Treasurer of certain Fidelity entities and has served in other fund officer roles.

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann is a Vice President (2016-present) and is an employee of Fidelity Investments. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity® funds (2019-2021).

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2023 to September 30, 2023).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Annualized Expense Ratio- A	Beginning Account Value April 1, 2023	Ending Account Value September 30, 2023	Expenses Paid During Period- C April 1, 2023 to September 30, 2023

Fidelity® Emerging Markets Equity Central Fund	.0228%
Actual		$ 1,000	$ 991.90	$ .11
Hypothetical-B		$ 1,000	$ 1,024.95	$ .12

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

C Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 183/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates $1,633,971 of distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends.

The fund designates 55.58%, 67.27%, 67.27%, and 67.27% of the dividends distributed in December, March, June, September, respectively during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are $2.9836 and $0.8666 for the dividend paid December 12, 2022.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Emerging Markets Equity Central Fund

Each year, the Board of Directors, including the Independent Directors (together, the Board), considers the renewal of the fund's management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. FMR and the sub-advisers are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Directors' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board, acting directly and through its Committees (each of which is composed of and chaired by Independent Directors), requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

Approval of Stub Period Continuation. At its May 2023 meeting, the Board of Directors voted to continue the fund's management contract with FMR, and the sub-advisory agreements and sub-sub-advisory agreements, in each case, where applicable (together, the Advisory Contracts), without modification, for two months from June 1, 2023 through July 31, 2023. The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management. The Board also considered that since its last approval of the fund's Advisory Contracts, FMR had provided additional information on the fund in support of the annual contract renewal process, including competitive analyses on total expenses and management fees and in-depth reviews of fund performance and fund profitability information. The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through July 31, 2023, with the understanding that the Board would consider the annual renewal for a full one year period in July 2023.

At its July 2023 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Directors' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and the fact that no fee is payable under the management contract was fair and reasonable in light of all of the surrounding circumstances.

Nature, Extent, and Quality of Services Provided. The Board considered staffing as it relates to the fund, including the backgrounds and experience of investment personnel of the Investment Advisers, and also considered the Investment Advisers' implementation of the fund's investment program. The Independent Directors also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund.

Resources Dedicated to Investment Management and Support Services. The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools, and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties, and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory and administrative services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers, and the use of "soft" commission dollars to pay for research services. The Board also considered the fund's securities lending activities and any payments made to Fidelity relating to securities lending.

Investment Performance. The Board reviewed the fund's absolute investment performance, as well as the fund's relative investment performance, and considered the fund's underperformance for different time periods ended February 28, 2023. The Board did not consider performance to be a material factor in its decision to renew the fund's Advisory Contracts, as the fund is not publicly offered as a stand-alone investment product. In this regard, the Board noted that the fund is designed to offer a liquid investment option for other investment companies managed by Fidelity and ultimately to enhance the performance of those investment companies.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board considered that while the fund does not pay a management fee, FMR receives fees for providing services to funds that invest in the fund. The Board also noted that FMR bears all expenses of the fund with certain limited exceptions (i.e., custody fees, interest, taxes, fees and expenses of the Independent Directors, proxy and shareholder meeting expenses, and extraordinary expenses). The Board further noted that the fund pays its non-operating expenses, including brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable. Based on its review, the Board concluded that the management fee received for providing services to the fund and the fund's total expense ratio were reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, as well as the profitability of the funds that invest in the fund.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board's consideration of these matters was informed by the findings of a joint ad hoc committee created by it and the boards of other Fidelity funds to evaluate potential fall-out benefits.

The Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund were not relevant to the renewal of the Advisory Contracts because the fund pays no advisory fees and FMR bears all expenses of the fund with certain exceptions.

Economies of Scale. The Board concluded that because the fund pays no advisory fees and FMR bears all expenses of the fund with certain exceptions, the realization of economies of scale was not a material factor in the Board's decision to renew the fund's Advisory Contract.

Additional Information Requested by the Board. In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) fund flow and performance trends, in particular the underperformance of certain funds and strategies, and Fidelity's long-term strategies for certain funds, including any consideration of fund liquidations or mergers; (ii) the operation of performance fees and competitor use of performance fees; (iii) Fidelity's pricing philosophy compared to competitors; (iv) fund profitability methodology and data; (v) evaluation of competitive fund data and peer group classifications and fee and expense comparisons; (vi) the management fee and expense structures for different funds and classes and information about the differences between various fee and expense structures; (vii) group fee breakpoints and related voluntary fee waivers; and (viii) information regarding other accounts managed by Fidelity and the funds' sub-advisory arrangements.

Conclusion. Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board, including the Independent Directors, concluded that the advisory and sub-advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances and that the fund's Advisory Contracts should be renewed through July 31, 2024.

1.876933.114

EMQ-ANN-1123

Fidelity® International Equity Central Fund

Annual Report

September 30, 2023

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Directors and Officers (Trustees and Officers)

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended September 30, 2023	Past 1 year	Past 5 years	Past 10 years
Fidelity® International Equity Central Fund	25.78%	5.41%	5.16%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity® International Equity Central Fund on September 30, 2013.

The chart shows how the value of your investment would have changed, and also shows how the MSCI World ex USA Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Comments from Co-Managers Adarsh Bala, Christopher Bartoli and Ashley Fernandes:

For the fiscal year, the fund gained 25.78%, versus 24.29% for the benchmark MSCI World ex USA Index. From a regional standpoint, an overweight in Europe ex U.K. and positioning in Canada contributed to the fund's performance versus the benchmark. By sector, the biggest contributor to relative performance was stock selection in energy. Positioning in information technology and communication services also helped. The top individual relative contributor was an overweight in DSV (+59%). DSV was one of our biggest holdings. A second notable relative contributor was an overweight in ASM International (+87%). Another notable relative contributor this period was avoiding CSL, a benchmark component that returned about -11%. In contrast, picks in Europe ex U.K., primarily in France, and stock selection and an underweight in Japan hurt the fund's relative result. By sector, the biggest detractor was security selection in consumer staples. Also hurting were stock picking in financials and real estate. The largest individual relative detractor was an overweight in Diageo (-11%). Diageo was among our biggest holdings. A stake in Teleperformance returned -34% and was the second-largest relative detractor. Teleperformance was not held at period end. Notable changes in positioning include increased exposure to Denmark and a lower allocation to Switzerland.

Note to shareholders:

On October 31, 2022, Christopher Bartoli assumed co-management responsibilities for the fund, succeeding Masaki Nakamura.

Investment Summary September 30, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Novo Nordisk A/S Series B (Denmark, Pharmaceuticals)	2.4
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	2.4
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	2.2
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	2.2
Nestle SA (Reg. S) (United States of America, Food Products)	1.9
TotalEnergies SE (France, Oil, Gas & Consumable Fuels)	1.7
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services)	1.5
Sumitomo Mitsui Financial Group, Inc. (Japan, Banks)	1.4
DSV A/S (Denmark, Air Freight & Logistics)	1.4
Diageo PLC (United Kingdom, Beverages)	1.3
	18.4

Market Sectors (% of Fund's net assets)

Financials	21.7
Industrials	18.1
Health Care	13.1
Consumer Discretionary	10.7
Information Technology	10.3
Consumer Staples	7.4
Materials	6.8
Energy	4.6
Communication Services	2.4
Real Estate	1.4
Utilities	1.2

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Schedule of Investments September 30, 2023

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares	Value ($)
Australia - 2.1%
Arena (REIT) unit	3,190,341	6,892,132
Commonwealth Bank of Australia	136,451	8,770,485
Flutter Entertainment PLC (a)	37,641	6,149,462
Glencore PLC	2,143,900	12,208,464
Macquarie Group Ltd.	104,266	11,244,254
Rio Tinto PLC	300,900	18,894,261
Treasury Wine Estates Ltd.	588,396	4,664,553
Westpac Banking Corp.	1,251,903	17,023,868
Woodside Energy Group Ltd.	457,413	10,635,348
TOTAL AUSTRALIA		96,482,827
Belgium - 1.0%
Azelis Group NV	326,449	6,457,536
KBC Group NV	479,562	29,984,981
UCB SA	75,200	6,164,833
Warehouses de Pauw	125,597	3,112,537
TOTAL BELGIUM		45,719,887
Canada - 6.3%
Africa Oil Corp.	2,873,959	5,776,483
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	603,100	30,628,999
Athabasca Oil Corp. (a)(b)	1,294,102	4,144,556
Boardwalk (REIT) (b)	49,400	2,429,902
Cameco Corp.	91,355	3,624,606
Canadian Natural Resources Ltd.	185,154	11,974,178
Canadian Pacific Kansas City Ltd.	376,900	28,015,331
Chemtrade Logistics Income Fund	1,515,100	9,013,074
Constellation Software, Inc.	23,000	47,482,871
Constellation Software, Inc. warrants 8/22/28 (a)(c)	24,200	2
Emera, Inc. (b)	69,730	2,434,454
Fortis, Inc.	71,490	2,715,383
Franco-Nevada Corp.	76,300	10,186,254
GFL Environmental, Inc.	151,990	4,826,305
Imperial Oil Ltd.	231,631	14,267,071
Intact Financial Corp.	95,200	13,879,259
Ivanhoe Mines Ltd. (a)	624,000	5,347,587
Lumine Group, Inc.	53,706	795,557
MEG Energy Corp. (a)	435,913	8,482,371
Methanex Corp. (b)	98,100	4,420,910
Nutrien Ltd.	142,100	8,775,519
Onex Corp. (sub. vtg.)	171,200	10,062,136
Quebecor, Inc. Class B (sub. vtg.)	133,200	2,854,741
Royal Bank of Canada	352,400	30,796,893
Shopify, Inc. Class A (a)	185,610	10,128,738
Teck Resources Ltd. Class B (sub. vtg.)	124,600	5,362,868
TMX Group Ltd.	821,100	17,646,169
TOTAL CANADA		296,072,217
China - 0.3%
Chervon Holdings Ltd.	269,100	805,828
NXP Semiconductors NV	15,500	3,098,760
Prosus NV	324,542	9,562,965
TOTAL CHINA		13,467,553
Denmark - 4.2%
Carlsberg A/S Series B	111,200	14,051,227
DSV A/S	344,200	64,356,513
Novo Nordisk A/S Series B	1,263,800	115,070,588
Novozymes A/S Series B	140,400	5,666,194
TOTAL DENMARK		199,144,522
Finland - 1.3%
Elisa Corp. (A Shares)	105,030	4,873,676
Nordea Bank Abp	3,201,900	35,203,008
Sampo Oyj (A Shares)	433,600	18,786,199
TOTAL FINLAND		58,862,883
France - 12.9%
Air Liquide SA	366,860	61,790,810
Airbus Group NV	214,100	28,656,960
ALTEN	164,500	21,670,136
Antin Infrastructure Partners SA	67,800	876,665
ARGAN SA	10,816	722,706
AXA SA	408,000	12,104,898
BNP Paribas SA	309,800	19,699,028
Capgemini SA	238,900	41,686,566
Dassault Systemes SA	159,900	5,966,771
Edenred SA	643,900	40,355,647
Engie SA	298,310	4,574,933
EssilorLuxottica SA	235,478	41,118,088
Hermes International SCA	7,100	12,984,700
L'Oreal SA	140,500	58,224,901
LVMH Moet Hennessy Louis Vuitton SE	138,345	104,427,049
Pernod Ricard SA	158,800	26,501,642
Safran SA	260,400	40,807,083
TotalEnergies SE	1,191,133	78,316,233
Veolia Environnement SA	125,330	3,622,810
TOTAL FRANCE		604,107,626
Germany - 7.9%
Allianz SE	143,100	34,054,399
Bayer AG	108,800	5,225,057
Deutsche Borse AG	179,400	30,981,802
Deutsche Telekom AG	653,900	13,716,734
DHL Group	543,231	22,131,844
E.ON SE	253,400	3,000,560
Evonik Industries AG	161,000	2,949,014
Fresenius SE & Co. KGaA	422,000	13,143,859
Hannover Reuck SE	155,300	34,135,293
Infineon Technologies AG	772,600	25,589,091
LEG Immobilien AG (a)	41,700	2,880,666
Mercedes-Benz Group AG (Germany)	260,000	18,095,160
Merck KGaA	261,343	43,697,618
MTU Aero Engines AG	91,800	16,669,291
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	2,660	1,038,014
Rheinmetall AG	61,528	15,865,812
RWE AG	120,440	4,475,832
SAP SE	126,159	16,330,276
Siemens AG	198,150	28,317,369
Siemens Healthineers AG (d)	719,000	36,487,812
Symrise AG	36,900	3,512,839
TOTAL GERMANY		372,298,342
Hong Kong - 1.3%
AIA Group Ltd.	3,015,600	24,387,601
CK Asset Holdings Ltd.	869,588	4,580,607
Prudential PLC	1,742,260	18,728,141
Sino Land Ltd.	2,950,509	3,326,926
Techtronic Industries Co. Ltd.	1,251,000	12,141,056
TOTAL HONG KONG		63,164,331
Hungary - 0.3%
Richter Gedeon PLC	589,800	14,276,039
India - 1.0%
HCL Technologies Ltd.	691,000	10,275,749
HDFC Bank Ltd. (a)	2,037,400	37,368,555
TOTAL INDIA		47,644,304
Ireland - 1.1%
AIB Group PLC	2,909,400	13,103,603
Bank of Ireland Group PLC	1,499,400	14,726,886
Kingspan Group PLC (Ireland)	306,700	23,009,389
TOTAL IRELAND		50,839,878
Israel - 0.1%
NICE Ltd. sponsored ADR (a)	16,652	2,830,840
Wix.com Ltd. (a)	16,100	1,477,980
TOTAL ISRAEL		4,308,820
Italy - 3.6%
Coca-Cola HBC AG	293,200	8,045,422
Davide Campari Milano NV	768,800	9,075,066
Enel SpA	646,786	3,966,574
Ferrari NV (Italy)	38,800	11,473,658
FinecoBank SpA	1,306,000	15,899,549
GVS SpA (a)(d)	115,000	622,509
Industrie de Nora SpA	116,500	2,005,202
Intercos SpA	143,900	1,953,455
Prada SpA	1,043,000	6,140,034
Prysmian SpA	547,300	22,074,846
Recordati SpA	884,700	41,819,457
UniCredit SpA	1,919,400	45,732,377
TOTAL ITALY		168,808,149
Japan - 14.9%
Advantest Corp.	78,000	2,175,694
Ajinomoto Co., Inc.	168,200	6,485,562
Bandai Namco Holdings, Inc.	648,600	13,192,838
BayCurrent Consulting, Inc.	258,300	8,638,808
Capcom Co. Ltd.	515,050	18,559,584
Daiichi Sankyo Kabushiki Kaisha	659,200	18,047,132
Daiichikosho Co. Ltd.	141,740	2,302,421
DENSO Corp.	638,800	10,250,108
Dip Corp.	115,590	2,846,435
Fast Retailing Co. Ltd.	50,600	11,021,450
FUJIFILM Holdings Corp.	433,000	25,049,306
Fujitsu Ltd.	38,000	4,469,221
Hitachi Ltd.	617,600	38,277,354
Hoya Corp.	326,100	33,398,342
Itochu Corp.	667,600	24,109,664
JTOWER, Inc. (a)	140,450	5,780,029
Kansai Electric Power Co., Inc.	437,880	6,062,248
Katitas Co. Ltd.	76,300	1,112,028
KDDI Corp.	222,130	6,799,506
Keyence Corp.	26,100	9,652,456
Kobe Bussan Co. Ltd.	147,700	3,465,178
LY Corp.	1,431,690	3,971,666
Minebea Mitsumi, Inc.	1,037,700	16,907,321
Misumi Group, Inc.	349,700	5,467,573
Mitsui Fudosan Logistics Park, Inc.	1,158	3,649,746
Mizuho Financial Group, Inc.	1,375,000	23,344,689
Nomura Real Estate Holdings, Inc.	175,400	4,404,953
Nomura Research Institute Ltd.	120,400	3,136,491
NSD Co. Ltd.	55,100	1,045,661
ORIX Corp.	500,400	9,343,670
Persol Holdings Co. Ltd.	14,586,520	23,757,755
Relo Group, Inc.	595,300	6,447,357
Renesas Electronics Corp. (a)	889,900	13,593,188
Seibu Giken Co. Ltd.	40,000	695,931
Shin-Etsu Chemical Co. Ltd.	1,403,700	40,771,378
SoftBank Group Corp.	236,176	9,949,042
Sony Group Corp.	747,700	61,143,604
Sumitomo Mitsui Financial Group, Inc. (b)	1,372,000	67,400,936
Suzuki Motor Corp.	473,100	19,028,558
Terumo Corp.	392,500	10,389,810
TIS, Inc.	403,000	8,880,347
Tokio Marine Holdings, Inc.	2,076,300	48,074,029
Tokyo Electron Ltd.	253,600	34,639,800
Toyota Motor Corp.	1,698,400	30,469,854
TOTAL JAPAN		698,208,723
Korea (South) - 0.0%
Doosan Robotics Ltd. (e)	7,700	148,021
Hanssak Co. Ltd. (e)	7,140	65,988
TOTAL KOREA (SOUTH)		214,009
Luxembourg - 0.0%
L'Occitane Ltd.	814,500	2,433,843
Netherlands - 5.5%
Adyen BV (a)(d)	4,100	3,039,880
Argenx SE ADR (a)	24,200	11,897,446
ASM International NV (Netherlands)	42,200	17,734,840
ASML Holding NV (Netherlands)	171,808	101,152,023
Heineken NV (Bearer)	115,500	10,182,657
IMCD NV	171,300	21,732,831
Shell PLC (London)	1,348,788	42,748,786
Topicus.Com, Inc. (a)	26,781	1,769,035
Universal Music Group NV	245,240	6,399,828
Wolters Kluwer NV	344,973	41,815,458
TOTAL NETHERLANDS		258,472,784
Norway - 0.4%
Equinor ASA	328,641	10,770,239
Norsk Hydro ASA	482,000	3,016,279
Schibsted ASA (B Shares)	192,890	4,024,909
TOTAL NORWAY		17,811,427
Portugal - 0.1%
Galp Energia SGPS SA Class B	247,082	3,667,633
Singapore - 0.3%
Parkway Life REIT	891,548	2,406,593
Sea Ltd. ADR (a)	107,390	4,719,791
United Overseas Bank Ltd.	291,105	6,069,124
Wing Tai Holdings Ltd.	2,245,800	2,300,015
TOTAL SINGAPORE		15,495,523
South Africa - 0.2%
Anglo American PLC (United Kingdom)	289,400	7,946,811
Spain - 1.9%
Amadeus IT Holding SA Class A	354,349	21,459,120
Banco Santander SA (Spain)	5,406,700	20,589,085
CaixaBank SA	6,850,600	27,421,229
Cellnex Telecom SA (d)	285,131	9,938,963
EDP Renovaveis SA	142,870	2,343,530
Iberdrola SA	868,431	9,712,921
TOTAL SPAIN		91,464,848
Sweden - 2.3%
AddTech AB (B Shares)	1,185,727	19,014,088
Atlas Copco AB (A Shares)	2,345,900	31,507,030
Autoliv, Inc.	55,600	5,364,288
Evolution AB (d)	102,700	10,400,143
Haypp Group (a)	353,000	1,466,855
Hemnet Group AB	115,810	2,044,725
Indutrade AB	964,189	17,888,446
JM AB (B Shares)	84,400	1,145,619
Kry International AB (a)(c)(f)	527	20,064
Sandvik AB	881,500	16,219,912
Swedish Logistic Property AB (a)	565,110	1,355,161
TOTAL SWEDEN		106,426,331
Switzerland - 3.5%
Compagnie Financiere Richemont SA Series A	400,410	48,763,235
DSM-Firmenich AG	49,500	4,193,513
Julius Baer Group Ltd.	429,150	27,468,994
Partners Group Holding AG	22,190	25,078,445
Sika AG	144,564	36,814,190
UBS Group AG	920,860	22,826,584
TOTAL SWITZERLAND		165,144,961
Taiwan - 0.3%
Taiwan Semiconductor Manufacturing Co. Ltd.	859,000	14,014,661
United Kingdom - 14.6%
3i Group PLC	1,550,657	39,220,260
Ashtead Group PLC	195,000	11,900,733
AstraZeneca PLC (United Kingdom)	841,100	113,451,355
B&M European Value Retail SA	1,380,776	9,878,992
BAE Systems PLC	2,015,411	24,490,962
Beazley PLC	1,380,272	9,321,327
Big Yellow Group PLC	131,400	1,504,614
British American Tobacco PLC (United Kingdom)	100,629	3,163,975
Compass Group PLC	2,572,722	62,624,158
Cranswick PLC	102,418	4,438,586
Deliveroo PLC Class A (a)(d)	4,890,700	7,136,703
Diageo PLC	1,716,484	63,283,543
Diploma PLC	183,468	6,724,433
Grainger Trust PLC	427,613	1,218,763
Halma PLC	497,200	11,759,595
Hiscox Ltd.	1,238,920	15,191,643
Horizonte Minerals PLC (a)	1,143,600	1,751,109
Hotel Chocolat Group Ltd. (a)(b)	1,302,371	2,041,894
Indivior PLC (a)	335,100	7,273,540
Informa PLC	593,510	5,433,958
JD Sports Fashion PLC	5,621,800	10,268,160
John Wood Group PLC (a)	9,358,100	17,731,871
Lancashire Holdings Ltd.	1,380,700	9,939,093
London Stock Exchange Group PLC	437,670	43,865,883
National Grid PLC	785,540	9,394,550
NatWest Group PLC	2,458,400	7,032,394
RELX PLC (London Stock Exchange)	2,125,515	71,714,734
Rentokil Initial PLC	4,149,000	30,804,722
Rolls-Royce Holdings PLC (a)	5,403,300	14,477,519
RS GROUP PLC	1,996,815	17,916,653
Sage Group PLC	2,162,200	26,090,811
SSE PLC	274,640	5,394,921
Supreme PLC	2,316,800	3,505,142
Unilever PLC (Netherlands)	164,940	8,175,938
WH Smith PLC	206,900	3,392,776
WPP PLC	369,140	3,288,785
TOTAL UNITED KINGDOM		684,804,095
United States of America - 10.0%
Airbnb, Inc. Class A (a)	17,600	2,414,896
CBRE Group, Inc. (a)	274,200	20,252,412
CDW Corp.	80,400	16,221,504
Elastic NV (a)	25,500	2,071,620
Experian PLC	832,600	27,336,665
Ferguson PLC	170,000	28,136,116
Fiserv, Inc. (a)	82,016	9,264,527
ICON PLC (a)	147,700	36,371,125
Linde PLC	146,712	54,628,213
Marsh & McLennan Companies, Inc.	203,900	38,802,170
Micron Technology, Inc.	68,300	4,646,449
Nestle SA (Reg. S)	771,868	87,372,385
NextEra Energy, Inc.	32,880	1,883,695
Philip Morris International, Inc.	75,900	7,026,822
Republic Services, Inc.	16,220	2,311,512
Roche Holding AG (participation certificate)	92,500	25,252,603
S&P Global, Inc.	85,366	31,193,590
Sanofi SA	250,055	26,849,721
Schneider Electric SA	149,150	24,578,755
Thermo Fisher Scientific, Inc.	35,700	18,070,269
Waste Connections, Inc. (United States)	19,010	2,553,043
TOTAL UNITED STATES OF AMERICA		467,238,092
Zambia - 0.3%
First Quantum Minerals Ltd.	674,700	15,940,455
TOTAL COMMON STOCKS (Cost $3,958,457,384)		4,584,481,574

Nonconvertible Preferred Stocks - 0.0%
	Shares	Value ($)
Sweden - 0.0%
Kry International AB Series E (a)(c)(f) (Cost $1,391,178)	3,043	115,852

Money Market Funds - 3.6%
	Shares	Value ($)
Fidelity Cash Central Fund 5.39% (g)	111,749,018	111,771,368
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h)	58,819,286	58,825,168
TOTAL MONEY MARKET FUNDS (Cost $170,596,534)		170,596,536

TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $4,130,445,096)	4,755,193,962
NET OTHER ASSETS (LIABILITIES) - (1.3)%	(63,077,045)
NET ASSETS - 100.0%	4,692,116,917

Legend

(a)	Non-income producing

(b)	Security or a portion of the security is on loan at period end.

(c)	Level 3 security

(d)

(e)	Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(f)	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 $135,916 or 0.0% of net assets.

(g)

(h)	Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:
Security	Acquisition Date	Acquisition Cost ($)
Kry International AB	5/14/21	228,879

Kry International AB Series E	5/14/21	1,391,178

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 5.39%	37,282,189	1,840,770,096	1,766,280,918	3,526,590	-	1	111,771,368	0.3%
Fidelity Securities Lending Cash Central Fund 5.39%	55,235,153	663,538,473	659,948,458	478,270	-	-	58,825,168	0.2%
Total	92,517,342	2,504,308,569	2,426,229,376	4,004,860	-	1	170,596,536

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	104,658,358	60,532,797	44,125,561	-
Consumer Discretionary	502,565,355	113,986,376	388,578,979	-
Consumer Staples	351,215,648	125,666,600	225,549,048	-
Energy	212,139,375	69,668,769	142,470,606	-
Financials	1,021,077,262	547,860,901	473,216,361	-
Health Care	618,004,694	270,320,086	347,684,608	-
Industrials	847,781,499	456,216,183	391,565,316	-
Information Technology	485,785,964	197,083,755	288,566,291	135,918
Materials	313,189,742	165,048,900	148,140,842	-
Real Estate	68,597,118	68,597,118	-	-
Utilities	59,582,411	22,248,375	37,334,036	-

Money Market Funds	170,596,536	170,596,536	-	-
Total Investments in Securities:	4,755,193,962	2,267,826,396	2,487,231,648	135,918

Financial Statements

Statement of Assets and Liabilities
				September 30, 2023

Assets
Investment in securities, at value (including securities loaned of $56,207,539) - See accompanying schedule:
Unaffiliated issuers (cost $3,959,848,562)	$	4,584,597,426
Fidelity Central Funds (cost $170,596,534)		170,596,536


Total Investment in Securities (cost $4,130,445,096)			$	4,755,193,962
Cash				72,092
Foreign currency held at value (cost $617,447)				615,273
Receivable for investments sold				15,844,825
Receivable for fund shares sold				6,930
Dividends receivable				8,629,610
Reclaims receivable				12,680,258
Interest receivable				888
Distributions receivable from Fidelity Central Funds				346,091
Other receivables				2,063
Total assets				4,793,391,992
Liabilities
Payable for investments purchased
Regular delivery	$	37,435,781
Delayed delivery		216,149
Payable for fund shares redeemed		4,062,906
Other payables and accrued expenses		735,071
Collateral on securities loaned		58,825,168
Total Liabilities				101,275,075
Net Assets			$	4,692,116,917
Net Assets consist of:
Paid in capital			$	4,195,379,668
Total accumulated earnings (loss)				496,737,249
Net Assets			$	4,692,116,917
Net Asset Value, offering price and redemption price per share ($4,692,116,917 ÷ 53,067,464 shares)			$	88.42

Statement of Operations
				Year ended September 30, 2023
Investment Income
Dividends			$	116,941,005
Interest				57,848
Income from Fidelity Central Funds (including $478,270 from security lending)				4,004,860
Income before foreign taxes withheld			$	121,003,713
Less foreign taxes withheld				(11,673,537)
Total Income				109,330,176
Expenses
Custodian fees and expenses	$	233,790
Independent trustees' fees and expenses		23,798
Total Expenses				257,588
Net Investment income (loss)				109,072,588
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $79,610)		(7,606,120)
Foreign currency transactions		194,976
Futures contracts		(251,302)
Total net realized gain (loss)				(7,662,446)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $304,885)		773,680,819
Fidelity Central Funds		1
Assets and liabilities in foreign currencies		667,536
Total change in net unrealized appreciation (depreciation)				774,348,356
Net gain (loss)				766,685,910
Net increase (decrease) in net assets resulting from operations			$	875,758,498

Statement of Changes in Net Assets

		Year ended September 30, 2023		Year ended September 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	109,072,588	$	85,100,977
Net realized gain (loss)		(7,662,446)		(117,143,364)
Change in net unrealized appreciation (depreciation)		774,348,356		(1,139,915,261)
Net increase (decrease) in net assets resulting from operations		875,758,498		(1,171,957,648)
Distributions to shareholders		(103,851,743)		(301,411,089)

Affiliated share transactions
Proceeds from sales of shares		1,101,921,798		1,136,288,448
Reinvestment of distributions		103,851,743		301,411,089
Cost of shares redeemed		(583,628,102)		(456,223,837)

Net increase (decrease) in net assets resulting from share transactions		622,145,439		981,475,700
Total increase (decrease) in net assets		1,394,052,194		(491,893,037)

Net Assets
Beginning of period		3,298,064,723		3,789,957,760
End of period	$	4,692,116,917	$	3,298,064,723

Other Information
Shares
Sold		12,617,963		12,769,516
Issued in reinvestment of distributions		1,145,589		3,029,094
Redeemed		(6,599,034)		(5,354,221)
Net increase (decrease)		7,164,518		10,444,389

Financial Highlights

Fidelity® International Equity Central Fund

Years ended September 30,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	71.85	$	106.88	$	84.62	$	77.92	$	84.55
Income from Investment Operations
Net investment income (loss) A,B		2.13		2.07		1.80		1.40		2.23
Net realized and unrealized gain (loss)		16.42		(28.91)		22.17		6.94		(3.09)
Total from investment operations		18.55		(26.84)		23.97		8.34		(.86)
Distributions from net investment income		(1.98)		(2.25)		(1.71)		(1.39)		(2.12)
Distributions from net realized gain		-		(5.94)		-		(.25)		(3.65)
Total distributions		(1.98)		(8.19)		(1.71)		(1.64)		(5.77)
Net asset value, end of period	$	88.42	$	71.85	$	106.88	$	84.62	$	77.92
Total Return C		25.78%		(27.21)%		28.42%		10.91%		(.21)%
Ratios to Average Net Assets B,D,E
Expenses before reductions		.01%		.01%		.01%		.01%		.01%
Expenses net of fee waivers, if any		.01%		.01%		.01%		.01%		.01%
Expenses net of all reductions		.01%		.01%		.01%		.01%		.01%
Net investment income (loss)		2.39%		2.25%		1.79%		1.77%		2.93%
Supplemental Data
Net assets, end of period (000 omitted)	$	4,692,117	$	3,298,065	$	3,789,958	$	3,020,929	$	2,432,786
Portfolio turnover rate F		40%		38%		52%		81%		70%

ACalculated based on average shares outstanding during the period.

CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

EExpense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

FAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements

For the period ended September 30, 2023

1. Organization.

Fidelity International Equity Central Fund (the Fund) is a fund of Fidelity Central Investment Portfolios LLC (the LLC) and is authorized to issue an unlimited number of shares. Shares of the Fund are only offered to other investment companies and accounts managed by Fidelity Management & Research Company LLC (FMR), or its affiliates (the Investing Funds). The LLC is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware Limited Liability Company.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
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%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central 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. The aggregate value of investments by input level as of September 30, 2023 is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of September 30, 2023, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the Statement of Assets & Liabilities.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$787,003,720
Gross unrealized depreciation	(184,311,371)
Net unrealized appreciation (depreciation)	$602,692,349
Tax Cost	$4,152,501,613

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$19,736,655
Capital loss carryforward	$(124,465,203)
Net unrealized appreciation (depreciation) on securities and other investments	$602,138,063

Short-term	$(124,465,203)
Total capital loss carryforward	$(124,465,203)

The tax character of distributions paid was as follows:

	September 30, 2023	September 30, 2022
Ordinary Income	$103,851,743	$ 146,442,802
Long-term Capital Gains	-	154,968,287
Total	$103,851,743	$ 301,411,089

Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

4. Derivative Instruments.

Derivatives were used to increase or decrease 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.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity International Equity Central Fund	2,334,846,649	1,761,262,639

6. Fees and Other Transactions with Affiliates.

	Amount
Fidelity International Equity Central Fund	$ 4,890

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity International Equity Central Fund	103,590,377	55,994,242	(2,531,016)

Other. During the period, the investment adviser reimbursed the Fund for certain losses as follows:

	Amount ($)
Fidelity International Equity Central Fund	7,457

7. Security Lending.

	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 International Equity Central Fund	$50,736	$-	$-

8. Other.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

9. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Central Investment Portfolios LLC and the Shareholders of Fidelity International Equity Central Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity International Equity Central Fund (the "Fund"), a fund of Fidelity Central Investment Portfolios LLC, including the schedule of investments, as of September 30, 2023, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of September 30, 2023, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

/s/ Deloitte & Touche LLP

Boston, Massachusetts

November 13, 2023

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Directors and Officers (Trustees and Officers)

DIRECTORS AND OFFICERS (TRUSTEES AND OFFICERS)

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Bettina Doulton (1964)

Year of Election or Appointment: 2020

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Trustee

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2018

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2004

Member of the Advisory Board

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2023 to September 30, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value April 1, 2023	Ending Account Value September 30, 2023	Expenses Paid During Period- C April 1, 2023 to September 30, 2023

Fidelity® International Equity Central Fund	.0063%
Actual		$ 1,000	$ 981.60	$ .03
Hypothetical-B		$ 1,000	$ 1,025.04	$ .03

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates $3,665,682 of distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends.

The fund designates 2% of the dividends distributed during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

The fund designates 66.05%, 100%, 100%, and 100% of the dividends distributed in December, March, June and September, respectively during the fiscal year as amounts which may be taken into account as a dividend for the purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are $0.5657 and $0.1817 for the dividend paid December 12, 2022.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity International Equity Central Fund

Investment Performance. The Board reviewed the fund's absolute investment performance, as well as the fund's relative investment performance, but did not consider performance to be a material factor in its decision to renew the fund's Advisory Contracts, as the fund is not publicly offered as a stand-alone investment product. In this regard, the Board noted that the fund is designed to offer a liquid investment option for other investment companies managed by Fidelity and ultimately to enhance the performance of those investment companies.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, as well as the profitability of the funds that invest in the fund.

1.859208.115

INTCEN-ANN-1123

Fidelity® Real Estate Equity Central Fund

Annual Report

September 30, 2023

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Directors and Officers (Trustees and Officers)

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended September 30, 2023	Past 1 year	Past 5 years	Life of Fund A
Fidelity® Real Estate Equity Central Fund	3.90%	3.52%	4.62%

A From November 3, 2014

$10,000 Over Life of Fund

Let's say hypothetically that $10,000 was invested in Fidelity® Real Estate Equity Central Fund, on November 3, 2014, when the fund started.

The chart shows how the value of your investment would have changed, and also shows how the S&P 500® Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

U.S. equities gained 21.62% for the 12 months ending September 30, 2023, according to the S&P 500® index, as global economic expansion and a slowing in the pace of inflation provided a favorable backdrop for higher-risk assets through July. After returning -18.11% in 2022, the index's upturn has been driven by a narrow set of companies in the information technology and communication services sectors, largely due to excitement for generative artificial intelligence. Monetary tightening by the U.S. Federal Reserve continued amid consistent pressure on core inflation, a measure that excludes food and energy. Since March 2022, the Fed has hiked its benchmark interest rate 11 times. The latest bump came in late July, a fourth consecutive raise of a stepped-down 25 basis points. The year-to-date rally sputtered in August amid a stalling pattern in disinflationary trends, soaring yields on longer-term government bonds and concern that the Fed will keep interest rates higher for longer than expected. These factors slowed the advance of richly valued tech stocks and seemed to lower the odds of an economic "soft landing." The S&P 500® closed at its 2023 high on July 31 before returning -6.28% in the final two months of Q3. Still, U.S. stocks ended September up 13.07% year to date. By sector for the full 12 months, tech (+43%) and communications services (+38%) led. In contrast, two defensive, rate-sensitive sectors lagged most: utilities (-7%) and real estate (-1%).

Comments from Portfolio Manager Samuel Wald:

For the fiscal year ending September 30, 2023, the fund gained 3.90%, versus 2.99% for the FTSE NAREIT Equity REITs Linked Index and 21.62% for the broad-based S&P 500® index. Relative to the FTSE NAREIT index, lacking exposure to the strong-performing regional malls category and security selection among specialty REITs detracted. In contrast, security selection among health care REITs contributed the most, followed by favorable picks and an underweight in the lagging diversified industry. The biggest individual relative detractor this period was avoiding Simon Property Group, an index component that gained 28%. A non-index stake in Cyxtera Technologies returned -98% and was the second-largest relative detractor though the stock was no longer held at period end. Outsized exposure to Mid-America Apartment Communities (-14%), one of the fund's largest holdings, also hurt. In contrast, the top individual relative contributor was an overweight in Equinix (+30%), a top-5 holding within the portfolio on September 30. Not owning Realty Income, an index component that returned -10%, was the second-largest relative contributor. Similarly, the decision to avoid Medical Properties Trust, an index component that returned about -49%, proved advantageous as well. Notable changes in positioning include increased exposure to the data center and industrial industries.

Investment Summary September 30, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Prologis (REIT), Inc.	13.9
Equinix, Inc.	9.4
CubeSmart	5.7
Ventas, Inc.	5.6
Mid-America Apartment Communities, Inc.	5.1
Digital Realty Trust, Inc.	4.9
Welltower, Inc.	4.6
Essex Property Trust, Inc.	4.5
Equity Lifestyle Properties, Inc.	3.6
Four Corners Property Trust, Inc.	3.4
	60.7

Market Sectors (% of Fund's net assets)

REITs - Warehouse/Industrial	20.8
REITs - Diversified	18.9
REITs - Apartments	15.6
REITs - Health Care	10.2
REITs - Storage	8.0

Asset Allocation (% of Fund's net assets)

Schedule of Investments September 30, 2023

Showing Percentage of Net Assets

Common Stocks - 99.0%
	Shares	Value ($)
Equity Real Estate Investment Trusts (REITs) - 97.6%
REITs - Apartments - 15.6%
Essex Property Trust, Inc.	195,919	41,552,461
Invitation Homes, Inc.	915,904	29,024,998
Mid-America Apartment Communities, Inc.	368,300	47,381,795
UDR, Inc.	742,782	26,495,034
		144,454,288
REITs - Diversified - 18.9%
Crown Castle International Corp.	75,400	6,939,062
Digital Realty Trust, Inc.	372,100	45,031,542
Equinix, Inc.	119,538	86,815,668
Lamar Advertising Co. Class A	218,459	18,234,773
Outfront Media, Inc.	572,700	5,784,270
VICI Properties, Inc.	433,031	12,601,202
		175,406,517
REITs - Health Care - 10.2%
Ventas, Inc.	1,247,694	52,565,348
Welltower, Inc.	517,966	42,431,775
		94,997,123
REITs - Health Care Facilities - 1.3%
Omega Healthcare Investors, Inc.	356,400	11,818,224
REITs - Hotels - 3.3%
Ryman Hospitality Properties, Inc.	368,500	30,688,680
REITs - Manufactured Homes - 3.6%
Equity Lifestyle Properties, Inc. (a)	519,600	33,103,716
REITs - Office Property - 2.9%
Alexandria Real Estate Equities, Inc.	264,780	26,504,478
REITs - Regional Malls - 1.5%
Tanger Factory Outlet Centers, Inc.	599,500	13,548,700
REITs - Shopping Centers - 5.7%
SITE Centers Corp.	2,245,300	27,684,549
Urban Edge Properties (a)	1,646,100	25,119,486
		52,804,035
REITs - Single Tenant - 5.8%
Four Corners Property Trust, Inc.	1,417,800	31,460,982
Spirit Realty Capital, Inc.	663,300	22,240,449
		53,701,431
REITs - Storage - 8.0%
CubeSmart	1,379,419	52,597,246
Extra Space Storage, Inc. (a)	177,100	21,531,818
		74,129,064
REITs - Warehouse/Industrial - 20.8%
Americold Realty Trust	936,700	28,485,047
EastGroup Properties, Inc.	108,000	17,985,240
Prologis (REIT), Inc.	1,143,137	128,271,402
Terreno Realty Corp.	317,716	18,046,269
		192,787,958
TOTAL EQUITY REAL ESTATE INVESTMENT TRUSTS (REITS)		903,944,214
Real Estate Management & Development - 1.4%
Real Estate Services - 1.4%
CBRE Group, Inc. (b)	134,300	9,919,398
Jones Lang LaSalle, Inc. (b)	19,200	2,710,656
		12,630,054
TOTAL COMMON STOCKS (Cost $893,111,707)		916,574,268

Money Market Funds - 4.6%
	Shares	Value ($)
Fidelity Cash Central Fund 5.39% (c)	5,032,536	5,033,543
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d)	37,317,918	37,321,650
TOTAL MONEY MARKET FUNDS (Cost $42,355,193)		42,355,193

TOTAL INVESTMENT IN SECURITIES - 103.6% (Cost $935,466,900)	958,929,461
NET OTHER ASSETS (LIABILITIES) - (3.6)%	(33,027,711)
NET ASSETS - 100.0%	925,901,750

Legend

(a)	Security or a portion of the security is on loan at period end.

(b)	Non-income producing

(c)

(d)	Investment made with cash collateral received from securities on loan.

Affiliated Central Funds

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.39%	11,883,685	366,743,379	373,593,521	412,171	-	-	5,033,543	0.0%
Fidelity Securities Lending Cash Central Fund 5.39%	21,869,667	126,252,853	110,800,870	184,691	-	-	37,321,650	0.1%
Total	33,753,352	492,996,232	484,394,391	596,862	-	-	42,355,193

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Common Stocks	916,574,268	916,574,268	-	-

Money Market Funds	42,355,193	42,355,193	-	-
Total Investments in Securities:	958,929,461	958,929,461	-	-

Financial Statements

Statement of Assets and Liabilities
				September 30, 2023

Assets
Investment in securities, at value (including securities loaned of $36,605,614) - See accompanying schedule:
Unaffiliated issuers (cost $893,111,707)	$	916,574,268
Fidelity Central Funds (cost $42,355,193)		42,355,193


Total Investment in Securities (cost $935,466,900)			$	958,929,461
Receivable for fund shares sold				30,091,482
Dividends receivable				4,413,674
Distributions receivable from Fidelity Central Funds				21,543
Total assets				993,456,160
Liabilities
Payable to custodian bank	$	2,400
Payable for investments purchased		30,085,221
Payable for fund shares redeemed		138,564
Other payables and accrued expenses		6,575
Collateral on securities loaned		37,321,650
Total Liabilities				67,554,410
Net Assets			$	925,901,750
Net Assets consist of:
Paid in capital			$	1,000,141,528
Total accumulated earnings (loss)				(74,239,778)
Net Assets			$	925,901,750
Net Asset Value, offering price and redemption price per share ($925,901,750 ÷ 8,263,547 shares)			$	112.05

Statement of Operations
				Year ended September 30, 2023
Investment Income
Dividends			$	33,646,486
Income from Fidelity Central Funds (including $184,691 from security lending)				596,862
Total Income				34,243,348
Expenses
Custodian fees and expenses	$	17,770
Independent trustees' fees and expenses		5,878
Interest		13,648
Total Expenses				37,296
Net Investment income (loss)				34,206,052
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(49,876,734)
Total net realized gain (loss)				(49,876,734)
Change in net unrealized appreciation (depreciation) on investment securities				60,896,493
Net gain (loss)				11,019,759
Net increase (decrease) in net assets resulting from operations			$	45,225,811

Statement of Changes in Net Assets

		Year ended September 30, 2023		Year ended September 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	34,206,052	$	36,019,368
Net realized gain (loss)		(49,876,734)		37,104,328
Change in net unrealized appreciation (depreciation)		60,896,493		(330,048,765)
Net increase (decrease) in net assets resulting from operations		45,225,811		(256,925,069)
Distributions to shareholders		(29,797,466)		(31,677,620)

Affiliated share transactions
Proceeds from sales of shares		145,385,181		388,385,226
Reinvestment of distributions		29,797,466		31,677,620
Cost of shares redeemed		(238,163,802)		(790,606,931)

Net increase (decrease) in net assets resulting from share transactions		(62,981,155)		(370,544,085)
Total increase (decrease) in net assets		(47,552,810)		(659,146,774)

Net Assets
Beginning of period		973,454,560		1,632,601,334
End of period	$	925,901,750	$	973,454,560

Other Information
Shares
Sold		1,212,524		2,712,126
Issued in reinvestment of distributions		250,288		225,421
Redeemed		(1,957,115)		(5,758,378)
Net increase (decrease)		(494,303)		(2,820,831)

Financial Highlights

Fidelity® Real Estate Equity Central Fund

Years ended September 30,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	111.15	$	141.00	$	108.09	$	124.43	$	109.73
Income from Investment Operations
Net investment income (loss) A,B		4.22		3.36		3.33		3.43		3.92
Net realized and unrealized gain (loss)		.29		(30.20)		32.42		(16.47)		15.85
Total from investment operations		4.51		(26.84)		35.75		(13.04)		19.77
Distributions from net investment income		(3.61)		(3.01)		(2.84)		(3.30)		(3.16)
Distributions from net realized gain		-		-		-		-		(1.91)
Total distributions		(3.61)		(3.01)		(2.84)		(3.30)		(5.07)
Net asset value, end of period	$	112.05	$	111.15	$	141.00	$	108.09	$	124.43
Total Return C		3.90%		(19.44)%		33.38%		(10.48)%		18.98%
Ratios to Average Net Assets B,D,E
Expenses before reductions		-% F		-% F		-% F		-% F		.01%
Expenses net of fee waivers, if any		-% F		-% F		-% F		-% F		.01%
Expenses net of all reductions		-% F		-% F		-% F		-% F		.01%
Net investment income (loss)		3.53%		2.36%		2.54%		3.05%		3.44%
Supplemental Data
Net assets, end of period (000 omitted)	$	925,902	$	973,455	$	1,632,601	$	700,071	$	453,902
Portfolio turnover rate G		44%		56%		28%		84% H		37%

ACalculated based on average shares outstanding during the period.

CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

FAmount represents less than .005%.

GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

HPortfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended September 30, 2023

1. Organization.

Fidelity Real Estate Equity Central Fund (the Fund) is a non-diversified fund of Fidelity Central Investment Portfolios LLC (the LLC) and is authorized to issue an unlimited number of shares. Shares of the Fund are only offered to other investment companies and accounts managed by Fidelity Management & Research Company LLC (FMR), or its affiliates (the Investing Funds). The LLC is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware Limited Liability Company.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
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%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central 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. The aggregate value of investments by input level as of September 30, 2023 is included at the end of the Fund's Schedule of Investments.

includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Commissions paid to certain brokers with

whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Book-tax differences are primarily due to capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$88,561,578
Gross unrealized depreciation	(70,701,893)
Net unrealized appreciation (depreciation)	$17,859,685
Tax Cost	$941,069,776

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$6,372,842
Capital loss carryforward	$(98,472,305)
Net unrealized appreciation (depreciation) on securities and other investments	$17,859,685

Short-term	$(67,254,687)
Long-term	(31,217,618)
Total capital loss carryforward	$(98,472,305)

The tax character of distributions paid was as follows:

	September 30, 2023	September 30, 2022
Ordinary Income	$29,797,466	$31,677,620

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Real Estate Equity Central Fund	430,667,127	484,195,632

5. Fees and Other Transactions with Affiliates.

	Amount
Fidelity Real Estate Equity Central Fund	$8,399

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Real Estate Equity Central Fund	Borrower	$ 21,526,400	4.57%	$13,648

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Real Estate Equity Central Fund	32,947,043	22,286,129	(3,568,725)

6. Security Lending.

	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 Real Estate Equity Central Fund	$19,920	$438	$-

7. Other.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

8. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Central Investment Portfolios LLC and the Shareholders of Fidelity Real Estate Equity Central Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity Real Estate Equity Central Fund (the "Fund"), a fund of Fidelity Central Investment Portfolios LLC, including the schedule of investments, as of September 30, 2023, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of September 30, 2023, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting 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.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

November 10, 2023

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Directors and Officers (Trustees and Officers)

DIRECTORS AND OFFICERS (TRUSTEES AND OFFICERS)

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Bettina Doulton (1964)

Year of Election or Appointment: 2020

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Trustee

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2018

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2004

Member of the Advisory Board

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2017

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2023 to September 30, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value April 1, 2023	Ending Account Value September 30, 2023	Expenses Paid During Period- C April 1, 2023 to September 30, 2023

Fidelity® Real Estate Equity Central Fund	0.0031%
Actual		$ 1,000	$ 945.70	$ .02
Hypothetical-B		$ 1,000	$ 1,025.05	$ .02

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates $411,694 of distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends.

The fund designates 92.49%, 100.00%, and 100.00% of the dividends distributed in December, June, and September, respectively during the fiscal year as a section 199A dividend.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Real Estate Equity Central Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, as well as the profitability of the funds that invest in the fund.

1.831584.117

ESCIP-ANN-1123

Fidelity® Floating Rate Central Fund

Annual Report

September 30, 2023

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Directors and Officers (Trustees and Officers)

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts

You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended September 30, 2023	Past 1 year	Past 5 years	Past 10 years
Fidelity® Floating Rate Central Fund	13.65%	4.90%	4.75%

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity® Floating Rate Central Fund on September 30, 2013.

The chart shows how the value of your investment would have changed, and also shows how the Morningstar® LSTA® US Performing Loans performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Floating-rate bank loans gained 13.39% for the 12 months ending September 30, 2023, as measured by the Morningstar LSTA US Performing Loans Index. It was a robust period for loans, which rose steadily and outpaced all other U.S. fixed-income categories. Key factors fueling loan performance included a sharp rise in short- and longer-term interest rates, expectations that the U.S. Federal Reserve would keep rates higher for longer than originally anticipated, and generally favorable corporate earnings. Additional supportive factors were a decline in inflation from the highs reached in 2022, negligible net new loan supply and strong retail fund inflows late in the period. Within the Morningstar index, every industry registered a gain, led by home furnishings (+24%), publishing and insurance (+17% each). A number of other groups rose about 15% and topped the broader market. These included building & development, leisure goods/activities/movies, oil & gas, business equipment & services, industrial equipment, and food service. On the downside, radio & television (+4%) and all telecom (+8%) were the biggest "laggards." Food products, cable & satellite TV, and health care returned roughly 11% to 12% and also trailed the broader market. From a credit-rating perspective, mid-tier loans rated B rose 14.43% and were the only rating category to outperform the index.

Comments from Co-Managers Eric Mollenhauer, Kevin Nielsen and Chandler Perine:

For the fiscal year, the fund gained 13.65%, versus 13.39% for the benchmark Morningstar LSTA US Performing Loans Index. The fund's core investment in floating-rate leveraged loans rose 14.10% and contributed to performance versus the benchmark. By industry, security selection was the primary contributor, led by insurance, all telecom, and oil & gas. Positioning in health care also boosted relative performance. The top individual relative contributor was an overweight in Asurion (+31%). Asurion was one of our largest holdings. A second notable relative contributor was a non-benchmark stake in California Resources (+51%). An overweight in Great Outdoors (+28%), a sizable holding, also helped. This period we decreased our position in Great Outdoors. In contrast, the biggest detractor from performance versus the benchmark was the fund's position in cash. Security selection in leisure goods/activities/movies and radio & television also hurt. The largest individual relative detractor was an overweight in Diamond Sports (-68%). The second-biggest relative detractor was an overweight in Cineworld (-13%). A non-benchmark stake in Murray Energy returned roughly -11% and hurt. Notable changes in positioning include increased exposure to the insurance and financial intermediaries industry.

Note to shareholders:

On October 1, 2022, Chandler Perine assumed co-management responsibilities for the fund.

Investment Summary September 30, 2023 (Unaudited)

Top Bond Issuers (% of Fund's net assets)
(with maturities greater than one year)
Bass Pro Group LLC	2.5
Asurion LLC	2.2
Fidelity Private Credit Central Fund LLC	1.7
Acrisure LLC	1.2
Intelsat Jackson Holdings SA	1.1
Ukg, Inc.	1.2
Caesars Entertainment, Inc.	0.9
ABG Intermediate Holdings 2 LLC	0.9
HUB International Ltd.	0.9
TransDigm, Inc.	0.9
	13.5

Market Sectors (% of Fund's net assets)

Technology	15.2
Services	9.9
Telecommunications	6.5
Insurance	5.6
Healthcare	4.8

Quality Diversification (% of Fund's net assets)

We have used ratings from Moody's Investors Service, Inc. Where Moody's® ratings are not available, we have used S&P® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are adjusted for the effect of derivatives, if applicable.

Schedule of Investments September 30, 2023

Showing Percentage of Net Assets

Bank Loan Obligations - 85.8%
	Principal Amount (a)	Value ($)
Aerospace - 0.8%
ADS Tactical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.1806% 3/19/26 (b)(c)(d)	1,680,285	1,644,579
Gemini HDPE LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.6307% 12/31/27 (b)(c)(d)	1,199,049	1,194,552
TransDigm, Inc.:
1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6401% 8/24/28 (b)(c)(d)	6,427,862	6,426,834
Tranche H 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6401% 2/22/27 (b)(c)(d)	2,366,035	2,367,313
TOTAL AEROSPACE		11,633,278
Air Transportation - 1.8%
AAdvantage Loyalty IP Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3378% 4/20/28 (b)(c)(d)	4,726,250	4,863,311
Air Canada Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 9.1284% 8/11/28 (b)(c)(d)	1,966,307	1,965,894
Echo Global Logistics, Inc.:
1LN, term loan 3 month U.S. LIBOR + 4.750% 10.1661% 11/23/28 (b)(c)(d)(e)	4,752,000	4,752,000
2LN, term loan:
3 month U.S. LIBOR + 8.000% 13.4161% 11/23/29 (b)(c)(d)(e)	900,000	900,000
CME Term SOFR 3 Month Index + 7.000% 13.4161% 11/23/29 (b)(c)(d)(e)	2,095,000	2,095,000
Mileage Plus Holdings LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.250% 10.7979% 7/2/27 (b)(c)(d)	4,185,000	4,342,398
Rand Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6401% 3/17/30 (b)(c)(d)	1,014,900	982,342
SkyMiles IP Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0761% 10/20/27 (b)(c)(d)	2,542,817	2,630,875
STG Logistics, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 6.000% 11.5401% 3/24/28 (b)(c)(d)(e)	1,481,250	1,395,338
United Airlines, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 9.182% 4/21/28 (b)(c)(d)	2,705,951	2,706,573
TOTAL AIR TRANSPORTATION		26,633,731
Automotive & Auto Parts - 1.4%
American Trailer World Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 3/5/28 (b)(c)(d)	2,540,557	2,433,295
Belron Finance U.S. LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.750% 8.1599% 4/18/29 (b)(c)(d)	842,888	842,626
Clarios Global LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0661% 4/20/30 (b)(c)(d)	2,595,000	2,586,904
CWGS Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9451% 6/3/28 (b)(c)(d)	4,717,192	4,429,443
Driven Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4342% 12/17/28 (b)(c)(d)	1,226,325	1,204,864
Ls Group Opco Acquistion LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.692% 11/2/27 (b)(c)(d)	2,464,692	2,447,242
PECF USS Intermediate Holding III Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.8807% 12/17/28 (b)(c)(d)	3,077,101	2,457,557
Power Stop LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1661% 1/26/29 (b)(c)(d)	1,630,026	1,342,049
Rough Country LLC:
2LN, term loan CME Term SOFR 3 Month Index + 6.500% 11.9161% 7/28/29 (b)(c)(d)	585,000	541,125
Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9306% 7/28/28 (b)(c)(d)	351,520	341,962
Truck Hero, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 1/29/28 (b)(c)(d)	2,171,249	2,069,656
TOTAL AUTOMOTIVE & AUTO PARTS		20,696,723
Banks & Thrifts - 0.6%
Citadel Securities LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9306% 7/25/30 (b)(c)(d)	5,255,809	5,239,411
Deerfield Dakota Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.1401% 4/9/27 (b)(c)(d)	2,048,687	1,995,339
Novae LLC 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.3383% 12/22/28 (b)(c)(d)	1,594,291	1,477,382
Superannuation & Investments U.S. LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 12/1/28 (b)(c)(d)	780,988	778,224
TOTAL BANKS & THRIFTS		9,490,356
Broadcasting - 1.6%
AppLovin Corp. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.000% 8.4161% 10/25/28 (b)(c)(d)	1,363,656	1,361,215
CME Term SOFR 1 Month Index + 3.100% 8.4161% 8/15/30 (b)(c)(d)	2,287,520	2,280,383
Diamond Sports Group LLC:
1LN, term loan CME Term SOFR 1 Month Index + 8.000% 15.4297% 8/24/26 (b)(c)(d)	2,355,262	1,185,474
2LN, term loan CME Term SOFR 1 Month Index + 3.250% 10.6625% (b)(c)(d)(f)	19,325,070	376,839
Dotdash Meredith, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4146% 12/1/28 (b)(c)(d)	5,358,761	5,151,109
Nexstar Media, Inc. Tranche B, term loan CME Term SOFR 1 Month Index + 2.500% 7.9306% 9/19/26 (b)(c)(d)	2,620,340	2,615,833
Sinclair Television Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9306% 9/30/26 (b)(c)(d)	836,868	721,799
Springer Nature Deutschland GmbH Tranche B18 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.6517% 8/14/26 (b)(c)(d)	1,655,852	1,654,610
Univision Communications, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.250% 8.6806% 3/24/26 (b)(c)(d)	4,264,738	4,250,878
CME Term SOFR 1 Month Index + 3.250% 8.6806% 1/31/29 (b)(c)(d)	3,288,281	3,243,889
TOTAL BROADCASTING		22,842,029
Building Materials - 2.8%
Acproducts Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.9017% 5/17/28 (b)(c)(d)	6,219,307	5,113,639
APi Group DE, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 2.500% 7.9306% 10/1/26 (b)(c)(d)	800,851	801,227
CME Term SOFR 1 Month Index + 2.750% 8.1806% 12/16/28 (b)(c)(d)	1,810,674	1,813,227
Emerson Climate Technologies Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3311% 5/31/30 (b)(c)(d)	2,504,587	2,499,904
Hunter Douglas, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.8911% 2/25/29 (b)(c)(d)	11,602,864	11,280,885
Ingersoll-Rand Services Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1661% 2/28/27 (b)(c)(d)	408,608	408,747
Janus International Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.7643% 8/3/30 (b)(c)(d)	550,000	547,421
Oscar AcquisitionCo LLC 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.9901% 4/29/29 (b)(c)(d)	3,982,263	3,948,851
Smyrna Ready Mix LLC Tranche B 1lN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6661% 4/1/29 (b)(c)(d)	2,415,337	2,418,356
SRS Distribution, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.500% 8.9306% 6/4/28 (b)(c)(d)	2,065,439	2,042,202
CME Term SOFR 3 Month Index + 3.500% 8.9161% 6/2/28 (b)(c)(d)	3,078,125	3,045,435
Standard Industries, Inc./New Jersey Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.9379% 9/22/28 (b)(c)(d)	1,547,008	1,545,816
Traverse Midstream Partners Ll Tranche B, term loan CME TERM SOFR 6 MONTH INDEX + 4.250% 9.2156% 2/16/28 (b)(c)(d)	1,037,634	1,034,718
USIC Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 5/14/28 (b)(c)(d)	1,768,676	1,737,724
White Capital Buyer LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 4.000% 9.0661% 10/19/27 (b)(c)(d)	2,386,152	2,379,638
TOTAL BUILDING MATERIALS		40,617,790
Cable/Satellite TV - 1.6%
Charter Communication Operating LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1155% 2/1/27 (b)(c)(d)	4,163,488	4,156,743
Coral-U.S. Co.-Borrower LLC:
Tranche B, term loan CME Term SOFR 1 Month Index + 2.250% 7.6967% 1/31/28 (b)(c)(d)	2,740,000	2,713,888
Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4467% 10/15/29 (b)(c)(d)	1,940,000	1,926,963
CSC Holdings LLC:
Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9467% 4/15/27 (b)(c)(d)	7,072,764	6,389,040
Tranche B6 LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8322% 1/18/28 (b)(c)(d)	1,645,718	1,556,569
DIRECTV Financing LLC 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4306% 8/2/27 (b)(c)(d)	376,048	367,064
Virgin Media Bristol LLC:
Tranche N, term loan CME Term SOFR 1 Month Index + 2.500% 7.9467% 1/31/28 (b)(c)(d)	2,373,792	2,302,886
Tranche Y 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.3106% 3/6/31 (b)(c)(d)	3,820,000	3,721,788
TOTAL CABLE/SATELLITE TV		23,134,941
Capital Goods - 0.6%
Ali Group North America Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4306% 7/22/29 (b)(c)(d)	1,452,790	1,450,771
Chart Industries, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1741% 3/17/30 (b)(c)(d)	2,199,502	2,199,502
CPM Holdings, Inc.:
1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9/22/28 (c)(d)(g)	715,000	712,769
2LN, term loan CME Term SOFR 1 Month Index + 8.250% 13.6942% 11/15/26 (b)(c)(d)	514,697	513,091
Griffon Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.7911% 1/24/29 (b)(c)(d)	1,302,830	1,301,528
TNT Crane & Rigging LLC 2LN, term loan 3 month U.S. LIBOR + 8.750% 14.4064% 4/16/25 (b)(c)(d)(e)	1,832,415	1,717,889
Vertical U.S. Newco, Inc. Tranche B 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 3.500% 9.3811% 7/31/27 (b)(c)(d)	1,640,888	1,635,965
TOTAL CAPITAL GOODS		9,531,515
Chemicals - 3.3%
ARC Falcon I, Inc.:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 9/30/28 (b)(c)(d)	3,440,185	3,394,500
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4161% 9/22/29 (b)(c)(d)	930,000	833,513
Aruba Investment Holdings LLC:
2LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.1661% 11/24/28 (b)(c)(d)	1,575,000	1,464,750
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4161% 11/24/27 (b)(c)(d)	3,445,691	3,372,470
Avient Corp. Tranche B7 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8718% 8/29/29 (b)(c)(d)	854,797	856,473
Bakelite U.S. Holding Ltd. 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.5401% 5/27/29 (b)(c)(d)	1,740,413	1,718,658
Consolidated Energy Finance SA Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 8.9161% 5/7/25 (b)(c)(d)(e)	1,544,302	1,497,973
Discovery Purchaser Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.370% 9.7651% 10/4/29 (b)(c)(d)	3,700,358	3,560,041
Groupe Solmax, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.2994% 5/27/28 (b)(c)(d)	1,885,575	1,759,091
Herens U.S. Holdco Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.920% 9.4151% 7/3/28 (b)(c)(d)	2,214,530	1,956,626
Hexion Holdings Corp. 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.0332% 3/15/29 (b)(c)(d)	3,925,151	3,721,789
Hexion, Inc. 2LN, term loan CME Term SOFR 1 Month Index + 7.430% 12.8559% 3/15/30 (b)(c)(d)	2,105,000	1,705,050
ICP Group Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.4017% 12/29/27 (b)(c)(d)	1,134,392	933,843
INEOS U.S. Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 2/10/30 (b)(c)(d)	947,625	939,333
INEOS U.S. Petrochem LLC:
1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 3/1/30 (b)(c)(d)	1,103,235	1,097,035
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1806% 1/20/26 (b)(c)(d)	2,594,236	2,579,968
Manchester Acquisition Sub LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.750% 11.3096% 12/1/26 (b)(c)(d)	1,679,597	1,533,690
Olympus Water U.S. Holding Corp. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 5.000% 10.3901% 11/9/28 (b)(c)(d)	2,215,000	2,206,229
CME Term SOFR 3 Month Index + 3.750% 9.4017% 11/9/28 (b)(c)(d)	3,986,632	3,928,267
Starfruit U.S. Holdco LLC Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 4.000% 9.419% 4/3/28 (b)(c)(d)	1,640,000	1,618,139
CME Term SOFR 1 Month Index + 4.000% 9.4271% 4/3/28 (b)(c)(d)	3,114,120	3,069,993
The Chemours Co. LLC Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8161% 8/18/28 (b)(c)(d)	4,385,773	4,330,951
W.R. Grace Holding LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 9.4017% 9/22/28 (b)(c)(d)	1,213,170	1,201,548
TOTAL CHEMICALS		49,279,930
Consumer Products - 2.2%
19Th Holdings Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6775% 2/7/29 (b)(c)(d)	2,150,200	2,089,285
Aip Rd Buyer Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3161% 12/23/28 (b)(c)(d)	3,117,188	3,113,291
BCPE Empire Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0661% 12/10/28 (b)(c)(d)	5,092,456	5,087,364
Bombardier Recreational Products, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 2.000% 7.4161% 5/23/27 (b)(c)(d)	294,266	292,183
CME Term SOFR 1 Month Index + 3.500% 8.8161% 12/13/29 (b)(c)(d)	2,828,625	2,827,607
CNT Holdings I Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.7995% 11/8/27 (b)(c)(d)	2,956,384	2,944,233
Conair Holdings LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 9.4017% 5/17/28 (b)(c)(d)	1,031,072	985,529
Gloves Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4306% 1/6/28 (b)(c)(d)	62,470	60,284
Kronos Acquisition Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.4017% 12/22/26 (b)(c)(d)	2,742,586	2,725,445
Mattress Firm, Inc. Tranche B 1LN, term loan 6 month U.S. LIBOR + 4.250% 9.95% 9/24/28 (b)(c)(d)	2,713,627	2,688,417
Petco Health & Wellness Co., Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.7535% 3/4/28 (b)(c)(d)	922,182	910,654
Runner Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 11.0369% 10/21/28 (b)(c)(d)	1,465,132	1,152,575
Sweetwater Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6806% 8/5/28 (b)(c)(d)	3,185,820	3,082,281
Windsor Holdings III, LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.8297% 8/1/30 (b)(c)(d)	3,080,000	3,064,600
Woof Holdings LLC:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.3972% 12/21/27 (b)(c)(d)	1,697,893	1,339,638
Tranche B 2LN, term loan CME Term SOFR 3 Month Index + 7.250% 12.6956% 12/21/28 (b)(c)(d)	605,000	423,500
TOTAL CONSUMER PRODUCTS		32,786,886
Containers - 1.9%
AOT Packaging Products AcquisitionCo LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 3/3/28 (b)(c)(d)	3,350,095	3,282,725
Berlin Packaging, LLC Tranche B 1LN, term loan:
CME Term SOFR 3 Month Index + 3.250% 8.5816% 3/11/28 (b)(c)(d)	575,252	565,760
CME Term SOFR 3 Month Index + 3.750% 9.1893% 3/11/28 (b)(c)(d)	3,616,544	3,573,290
Berry Global, Inc. Tranche Z 1LN, term loan CME Term SOFR 3 Month Index + 1.750% 7.2925% 7/1/26 (b)(c)(d)	2,503,885	2,502,508
Canister International Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1661% 12/20/26 (b)(c)(d)	1,206,250	1,209,266
Charter NEX U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 12/1/27 (b)(c)(d)	2,481,555	2,456,740
Graham Packaging Co., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 8/4/27 (b)(c)(d)	3,396,531	3,387,429
Kloeckner Pentaplast of America, Inc. Tranche B 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 4.750% 10.476% 2/9/26 (b)(c)(d)	2,115,750	2,031,120
Pregis TopCo Corp. 1LN, term loan:
CME Term SOFR 1 Month Index + 3.750% 9.1806% 8/1/26 (b)(c)(d)	490,000	487,859
CME Term SOFR 1 Month Index + 4.000% 9.0661% 7/31/26 (b)(c)(d)	1,409,520	1,405,488
Reynolds Consumer Products LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1661% 1/30/27 (b)(c)(d)	2,812,979	2,808,197
Reynolds Group Holdings, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.250% 8.6806% 2/5/26 (b)(c)(d)	846,631	845,759
CME Term SOFR 1 Month Index + 3.250% 8.6806% 9/24/28 (b)(c)(d)	2,092,102	2,088,566
Ring Container Technologies Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 8/12/28 (b)(c)(d)	1,545,939	1,544,393
TOTAL CONTAINERS		28,189,100
Diversified Financial Services - 3.2%
AlixPartners LLP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1806% 2/4/28 (b)(c)(d)	1,932,235	1,929,336
AVSC Holding Corp. Tranche B2 1LN, term loan 3 month U.S. LIBOR + 5.500% 10.9161% 10/15/26 (b)(c)(d)	1,470,869	1,421,919
BCP Renaissance Parent LLC Tranche B3 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.7419% 10/31/26 (b)(c)(d)	723,317	721,248
Broadstreet Partners, Inc.:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 1/27/27 (b)(c)(d)	1,764,000	1,754,439
Tranche B3 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3161% 1/26/29 (b)(c)(d)	867,825	866,740
Clue Opco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9/22/30 (c)(d)(g)	3,285,000	3,200,148
Eagle 4 Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 9.4017% 7/12/28 (b)(c)(d)	1,168,612	1,162,769
FinCo I LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3694% 6/27/29 (b)(c)(d)	561,123	560,658
Focus Financial Partners LLC:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8161% 6/24/28 (b)(c)(d)	2,154,320	2,146,241
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.5661% 6/30/28 (b)(c)(d)	705,338	702,890
Fugue Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.3537% 1/25/28 (b)(c)(d)	1,725,664	1,726,631
GT Polaris, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 9.3807% 9/24/27 (b)(c)(d)	1,824,122	1,754,422
GTCR W-2 Merger Sub LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 9/21/30 (c)(d)(g)	10,560,000	10,552,291
HarbourVest Partners LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.3901% 4/20/30 (b)(c)(d)	2,929,280	2,924,388
Hightower Holding LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.6123% 4/21/28 (b)(c)(d)	2,605,449	2,598,936
LSF11 Trinity Bidco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8322% 6/15/30 (b)(c)(d)	658,350	656,704
Nexus Buyer LLC:
2LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.6661% 11/1/29 (b)(c)(d)	2,500,000	2,357,825
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 11/8/26 (b)(c)(d)	451,851	444,829
Recess Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3831% 3/24/27 (b)(c)(d)	910,000	907,161
TransUnion LLC:
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1661% 11/16/26 (b)(c)(d)	2,164,269	2,160,654
Tranche B6 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6806% 12/1/28 (b)(c)(d)	1,660,907	1,658,632
UFC Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.369% 4/29/26 (b)(c)(d)	1,264,805	1,262,794
WH Borrower LLC Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 5.500% 10.808% 2/9/27 (b)(c)(d)	3,298,769	3,276,766
CME Term SOFR 1 Month Index + 5.500% 10.808% 2/15/27 (b)(c)(d)	497,498	493,767
TOTAL DIVERSIFIED FINANCIAL SERVICES		47,242,188
Diversified Media - 0.8%
Advantage Sales & Marketing, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.1759% 10/28/27 (b)(c)(d)	2,444,966	2,350,615
Allen Media LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 11.0401% 2/10/27 (b)(c)(d)	4,606,919	4,084,034
Cmg Media Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9901% 12/17/26 (b)(c)(d)	6,257,900	5,710,334
TOTAL DIVERSIFIED MEDIA		12,144,983
Energy - 2.4%
Apro LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.750% 9.1919% 11/14/26 (b)(c)(d)	2,615,405	2,609,520
Array Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.6879% 10/14/27 (b)(c)(d)	3,017,537	3,005,286
BW Gas & Convenience Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9306% 3/17/28 (b)(c)(d)	621,655	613,108
CQP Holdco LP / BIP-V Chinook Holdco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9901% 6/4/28 (b)(c)(d)	8,394,852	8,392,921
Delek U.S. Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 11/19/29 (b)(c)(d)	3,667,288	3,635,675
EG America LLC:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 9.4145% 2/7/28 (b)(c)(d)	402,009	386,934
Tranche BB 1LN, term loan 6 month U.S. LIBOR + 4.000% 9.1645% 2/5/25 (b)(c)(d)	287,198	286,480
Tranche BC 1LN, term loan:
CME Term SOFR 1 Month Index + 4.250% 9.4145% 2/7/28 (b)(c)(d)	790,046	752,029
CME Term SOFR 1 Month Index + 5.500% 9.1645% 2/7/28 (b)(c)(d)(e)	668,602	635,172
Esdec Solar Group BV Tranche B 1LN, term loan 6 month U.S. LIBOR + 4.750% 10.4017% 8/27/28 (b)(c)(d)	1,854,468	1,845,196
GIP II Blue Holding LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9306% 9/29/28 (b)(c)(d)	4,785,366	4,791,348
GIP III Stetson I LP Tranche B, term loan CME Term SOFR 1 Month Index + 4.250% 9.6661% 7/18/25 (b)(c)(d)	2,724,334	2,721,501
Natgasoline LLC Tranche B, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 11/14/25 (b)(c)(d)	667,346	664,843
Par Petroleum LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.7725% 2/14/30 (b)(c)(d)	1,243,750	1,240,118
Rockwood Service Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4306% 1/23/27 (b)(c)(d)	1,929,081	1,933,904
Win Waste Innovations Holdings Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1806% 3/25/28 (b)(c)(d)	1,664,761	1,526,802
TOTAL ENERGY		35,040,837
Entertainment/Film - 0.2%
AP Core Holdings II LLC:
Tranche B1 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.9306% 9/1/27 (b)(c)(d)	1,033,431	1,013,196
Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.9306% 9/1/27 (b)(c)(d)	1,185,000	1,149,450
TOTAL ENTERTAINMENT/FILM		2,162,646
Environmental - 0.5%
Clean Harbors, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4306% 10/8/28 (b)(c)(d)	960,189	962,954
Covanta Holding Corp.:
Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 2.500% 7.8311% 11/30/28 (b)(c)(d)	1,593,488	1,582,669
CME Term SOFR 1 Month Index + 3.000% 8.3336% 11/30/28 (b)(c)(d)	716,279	713,593
Tranche C 1LN, term loan:
CME Term SOFR 1 Month Index + 2.500% 7.8311% 11/30/28 (b)(c)(d)	121,180	120,357
CME Term SOFR 1 Month Index + 3.000% 8.3336% 11/30/28 (b)(c)(d)	53,721	53,519
Madison IAQ LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.250% 8.6886% 6/21/28 (b)(c)(d)	3,717,148	3,651,169
The Brickman Group, Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6191% 4/22/29 (b)(c)(d)	766,501	766,263
TOTAL ENVIRONMENTAL		7,850,524
Food & Drug Retail - 0.7%
8th Avenue Food & Provisions, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1806% 10/1/25 (b)(c)(d)	496,508	476,440
Cardenas Merger Sub, LLC 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 6.750% 12.2401% 8/1/29 (b)(c)(d)	2,664,866	2,662,654
Froneri U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6661% 1/29/27 (b)(c)(d)	2,459,243	2,438,831
JP Intermediate B LLC term loan CME Term SOFR 1 Month Index + 5.500% 11.1307% 11/20/27 (b)(c)(d)	4,914,811	1,597,314
Upfield U.S.A. Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.22% 1/31/28 (b)(c)(d)	2,540,000	2,470,150
TOTAL FOOD & DRUG RETAIL		9,645,389
Food/Beverage/Tobacco - 1.4%
8th Avenue Food & Provisions, Inc.:
2LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.1806% 10/1/26 (b)(c)(d)	410,000	277,775
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 10/1/25 (b)(c)(d)	542,910	521,080
Bengal Debt Merger Sub LLC:
1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.7401% 1/24/29 (b)(c)(d)	2,567,288	2,432,788
2LN, term loan CME Term SOFR 3 Month Index + 6.000% 11.4901% 1/24/30 (b)(c)(d)	2,185,000	1,763,710
Chobani LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 10/23/27 (b)(c)(d)	2,737,973	2,735,399
Del Monte Foods, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6737% 5/16/29 (b)(c)(d)	4,939,764	4,796,215
Shearer's Foods, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 9/23/27 (b)(c)(d)	2,477,625	2,471,431
Triton Water Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.9017% 3/31/28 (b)(c)(d)	6,486,243	6,313,255
TOTAL FOOD/BEVERAGE/TOBACCO		21,311,653
Gaming - 3.4%
Caesars Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6661% 1/26/30 (b)(c)(d)	12,308,150	12,300,519
Fertitta Entertainment LLC NV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3161% 1/27/29 (b)(c)(d)	10,668,731	10,548,708
Flutter Financing B.V. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.9017% 7/4/28 (b)(c)(d)	1,346,400	1,347,073
Golden Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1684% 5/26/30 (b)(c)(d)	3,620,925	3,611,873
GVC Holdings Gibraltar Ltd.:
Tranche B2 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 3.500% 8.9901% 10/31/29 (b)(c)(d)	1,042,577	1,040,408
Tranche B4 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 2.250% 7.9901% 3/16/27 (b)(c)(d)	2,420,271	2,413,785
J&J Ventures Gaming LLC:
1LN, term loan 3 month U.S. LIBOR + 4.000% 9.6517% 4/26/28 (b)(c)(d)	1,776,095	1,691,446
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 9.6928% 4/26/28 (b)(c)(d)	561,786	536,505
Tranche DD2 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 4/26/28 (c)(d)(g)	1,011,214	965,710
Ontario Gaming GTA LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6219% 8/1/30 (b)(c)(d)	1,250,000	1,250,000
PCI Gaming Authority 1LN, term loan 3 month U.S. LIBOR + 2.500% 7.9306% 5/29/26 (b)(c)(d)	469,152	468,509
Scientific Games Corp. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4336% 4/14/29 (b)(c)(d)	3,050,082	3,046,269
Scientific Games Holdings LP term loan CME Term SOFR 3 Month Index + 3.500% 8.9143% 4/4/29 (b)(c)(d)	2,060,385	2,046,642
Stars Group Holdings BV Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.9017% 7/21/26 (b)(c)(d)	3,806,092	3,800,954
Station Casinos LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6661% 2/7/27 (b)(c)(d)	4,601,793	4,588,218
TOTAL GAMING		49,656,619
Healthcare - 4.8%
Accelerated Health Systems LLC Tranche B1 LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.7901% 2/15/29 (b)(c)(d)	1,546,644	1,289,514
AHP Health Partners, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 8/24/28 (b)(c)(d)	2,210,824	2,209,166
Avantor Funding, Inc. Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.6661% 11/6/27 (b)(c)(d)	1,453,756	1,451,779
Charlotte Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.5793% 2/12/28 (b)(c)(d)	1,238,759	1,224,377
Da Vinci Purchaser Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4306% 1/8/27 (b)(c)(d)	2,249,468	2,221,350
Elanco Animal Health, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1646% 8/1/27 (b)(c)(d)	3,253,937	3,188,403
Electron BidCo, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 11/1/28 (b)(c)(d)	1,706,178	1,697,648
Embecta Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3367% 3/31/29 (b)(c)(d)	1,737,506	1,699,767
Gainwell Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4901% 10/1/27 (b)(c)(d)	10,999,970	10,714,630
HAH Group Holding Co. LLC:
1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.42% 10/29/27 (b)(c)(d)	769,944	759,034
Tranche DD 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.42% 10/29/27 (b)(c)(d)	97,427	96,046
Horizon Pharma U.S.A., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1842% 3/15/28 (b)(c)(d)	1,805,884	1,803,319
ICU Medical, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 8.0401% 1/6/29 (b)(c)(d)	1,613,409	1,610,521
Insulet Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 5/4/28 (b)(c)(d)	5,537,091	5,525,574
Jazz Financing Lux SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 5/5/28 (b)(c)(d)	4,682,276	4,677,734
Maravai Intermediate Holdings LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.3201% 10/19/27 (b)(c)(d)	1,505,079	1,463,689
MED ParentCo LP:
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6806% 8/31/26 (b)(c)(d)	1,409,786	1,343,230
2LN, term loan CME Term SOFR 1 Month Index + 8.250% 13.6806% 8/30/27 (b)(c)(d)	1,310,000	1,130,897
Mozart Borrower LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 10/23/28 (b)(c)(d)	5,105,916	5,089,067
National Mentor Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1808% 3/2/28 (b)(c)(d)	734,848	652,486
Organon & Co. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.000% 8.4421% 6/2/28 (b)(c)(d)	4,514,714	4,501,169
Packaging Coordinators Midco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 9.1517% 11/30/27 (b)(c)(d)	1,782,809	1,773,343
Pathway Vet Alliance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 3/31/27 (b)(c)(d)	2,154,292	2,009,179
Phoenix Newco, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 11/15/28 (b)(c)(d)	5,856,399	5,809,841
Pluto Acquisition I, Inc. term loan CME Term SOFR 1 Month Index + 4.000% 9.6841% 6/20/26 (b)(c)(d)	2,067,061	1,798,343
PRA Health Sciences, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.9017% 7/3/28 (b)(c)(d)	1,291,565	1,290,532
Surgery Center Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1886% 8/31/26 (b)(c)(d)	485,865	486,054
U.S. Anesthesia Partners, Inc.:
2LN, term loan CME Term SOFR 1 Month Index + 7.500% 12.9442% 10/1/29 (b)(c)(d)(e)	775,000	685,875
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6791% 10/1/28 (b)(c)(d)	547,431	501,288
U.S. Radiology Specialists, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 5.250% 10.7401% 12/15/27 (b)(c)(d)	639,571	619,104
Upstream Newco, Inc. 1LN, term loan 1 month U.S. LIBOR + 4.250% 9.6806% 11/20/26 (b)(c)(d)	1,201,088	1,149,441
TOTAL HEALTHCARE		70,472,400
Homebuilders/Real Estate - 0.8%
Breakwater Energy Partners LLC Tranche B 1LN, term loan 11.25% 9/1/26 (b)(d)(e)	3,842,968	3,718,072
DTZ U.S. Borrower LLC Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 2.750% 8.1806% 8/21/25 (b)(c)(d)	45,609	45,507
CME Term SOFR 1 Month Index + 3.250% 8.6661% 1/31/30 (b)(c)(d)	1,965,240	1,929,218
CME Term SOFR 1 Month Index + 4.000% 9.3161% 1/31/30 (b)(c)(d)	970,000	960,300
Fluidra Finco SL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.3411% 1/27/29 (b)(c)(d)	496,859	493,257
Greystar Real Estate Partners 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.147% 8/21/30 (b)(c)(d)	1,245,000	1,241,888
Jones DesLauriers Insurance Management, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6153% 3/16/30 (b)(c)(d)	1,370,000	1,372,576
Ryan Specialty Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4161% 9/1/27 (b)(c)(d)	1,749,319	1,747,447
TOTAL HOMEBUILDERS/REAL ESTATE		11,508,265
Hotels - 2.0%
ASP LS Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.3958% 5/7/28 (b)(c)(d)	508,025	469,161
BRE/Everbright M6 Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4241% 9/9/26 (b)(c)(d)	955,381	950,012
Carnival Finance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 10/18/28 (b)(c)(d)	6,085,854	6,047,817
Four Seasons Hotels Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9161% 11/30/29 (b)(c)(d)	3,663,908	3,666,949
Hilton Grand Vacations Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 8/2/28 (b)(c)(d)	9,709,716	9,714,280
Hilton Worldwide Finance LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 1.750% 7.1697% 6/21/26 (b)(c)(d)	1,292,849	1,291,517
Marriott Ownership Resorts, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1661% 8/31/25 (b)(c)(d)	1,006,280	1,003,513
Oravel Stays Singapore Pte Ltd. Tranche B 1LN, term loan 3 month U.S. LIBOR + 8.250% 13.9077% 6/23/26 (b)(c)(d)	2,033,200	1,738,386
Playa Resorts Holding BV Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5806% 1/5/29 (b)(c)(d)	1,436,016	1,435,527
Travelport Finance Luxembourg SARL 1LN, term loan:
CME Term SOFR 3 Month Index + 8.750% 12.6517% 2/28/25 (b)(c)(d)	2,452,790	2,323,724
U.S. Secured Overnight Fin. Rate (SOFR) Index + 6.750% 12.1401% 5/29/26 (b)(c)(d)	2,796,574	1,423,456
TOTAL HOTELS		30,064,342
Insurance - 5.6%
Acrisure LLC:
Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.500% 8.9306% 2/15/27 (b)(c)(d)	7,302,386	7,190,221
CME Term SOFR 1 Month Index + 4.250% 9.6806% 2/15/27 (b)(c)(d)	2,534,850	2,523,773
CME Term SOFR 1 Month Index + 5.750% 11.1206% 2/15/27 (b)(c)(d)	6,321,342	6,337,145
Tranche B-2 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 2/15/27 (b)(c)(d)	823,200	810,169
Alliant Holdings Intermediate LLC:
Tranche B3 1LN, term loan 1 month U.S. LIBOR + 3.500% 8.9306% 11/5/27 (b)(c)(d)	2,145,581	2,140,002
Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8306% 11/6/27 (b)(c)(d)	3,229,795	3,222,722
AmWINS Group, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 2.250% 7.6806% 2/19/28 (b)(c)(d)	3,184,654	3,162,584
CME Term SOFR 1 Month Index + 2.750% 8.1806% 2/19/28 (b)(c)(d)	1,290,250	1,287,837
Amynta Agency Borrower, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4161% 2/28/28 (b)(c)(d)	1,496,250	1,493,961
AssuredPartners, Inc. Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.500% 8.9306% 2/13/27 (b)(c)(d)	190,613	190,374
CME Term SOFR 1 Month Index + 3.500% 8.9306% 2/13/27 (b)(c)(d)	3,505,149	3,495,299
Asurion LLC:
Tranche B11 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6661% 8/19/28 (b)(c)(d)	2,165,645	2,100,675
Tranche B3 2LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6806% 1/31/28 (b)(c)(d)	11,475,000	10,305,009
Tranche B4 2LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6806% 1/20/29 (b)(c)(d)	19,320,000	17,087,767
Tranche B8 1LN, term loan 1 month U.S. LIBOR + 3.250% 8.6661% 12/23/26 (b)(c)(d)	215,982	211,123
Tranche B9 1LN, term loan 1 month U.S. LIBOR + 3.250% 8.6806% 7/31/27 (b)(c)(d)	941,123	908,184
HUB International Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5835% 6/8/30 (b)(c)(d)	12,971,457	12,993,119
USI, Inc.:
1LN, term loan:
1 month U.S. LIBOR + 3.250% 8.7879% 12/2/26 (b)(c)(d)	0	0
CME Term SOFR 1 Month Index + 3.750% 9.1401% 11/22/29 (b)(c)(d)	3,998,492	3,992,374
Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.250% 9/14/30 (c)(d)(g)	490,000	488,569
CME Term SOFR 1 Month Index + 3.250% 9/14/30 (c)(d)(g)	1,850,000	1,843,840
TOTAL INSURANCE		81,784,747
Leisure - 2.3%
Alterra Mountain Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 8/17/28 (b)(c)(d)	2,811,061	2,801,700
Arcis Golf LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6806% 11/24/28 (b)(c)(d)	854,432	854,432
City Football Group Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4386% 7/21/28 (b)(c)(d)	5,561,486	5,526,726
ClubCorp Holdings, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.750% 8.1806% 9/18/24 (b)(c)(d)	1,283,175	1,260,719
Crown Finance U.S., Inc. 1LN, term loan CME Term SOFR 1 Month Index + 8.500% 14.3811% 7/31/28 (b)(c)(d)	3,299,299	3,361,689
Delta 2 SARL Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3161% 1/15/30 (b)(c)(d)	4,130,000	4,125,870
Equinox Holdings, Inc.:
Tranche 2LN, term loan 3 month U.S. LIBOR + 7.000% 12.731% 9/8/24 (b)(c)(d)	1,000,000	899,840
Tranche B-1, term loan 3 month U.S. LIBOR + 3.000% 8.731% 3/8/24 (b)(c)(d)	3,594,559	3,471,445
Herschend Entertainment Co. LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 8/27/28 (b)(c)(d)	803,376	801,617
Lids Holdings, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 5.500% 11.0601% 12/14/26 (b)(c)(d)(e)	2,092,806	1,998,629
SeaWorld Parks & Entertainment, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 8/25/28 (b)(c)(d)	0	0
Topgolf Callaway Brands Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 3/9/30 (b)(c)(d)	3,711,350	3,687,375
United PF Holdings LLC:
1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.6307% 12/30/26 (b)(c)(d)	4,327,607	3,508,088
2LN, term loan 3 month U.S. LIBOR + 8.500% 14.1307% 12/30/27 (b)(c)(d)(e)	750,000	577,500
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 8.500% 14.1307% 12/30/26 (b)(c)(d)	931,200	828,768
TOTAL LEISURE		33,704,398
Metals/Mining - 0.2%
Arsenal AIC Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.8792% 8/18/30 (b)(c)(d)	2,100,000	2,093,868
U.S. Silica Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1661% 3/23/30 (b)(c)(d)	1,437,212	1,437,988
TOTAL METALS/MINING		3,531,856
Paper - 0.8%
Ahlstrom-Munksjo OYJ 1LN, term loan 3 month U.S. LIBOR + 3.750% 9.6517% 2/4/28 (b)(c)(d)	931,772	903,819
Clydesdale Acquisition Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.170% 9.5911% 4/13/29 (b)(c)(d)	11,332,987	11,166,279
TOTAL PAPER		12,070,098
Publishing/Printing - 0.5%
Century de Buyer LLC 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9/27/30 (c)(d)(g)	2,185,000	2,168,613
Harland Clarke Holdings Corp. 1LN, term loan CME Term SOFR 1 Month Index + 7.750% 13.4017% 6/16/26 (b)(c)(d)	1,470,221	1,336,063
Learning Care Group (U.S.) No 2, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1316% 8/11/28 (b)(c)(d)	1,625,000	1,622,286
MJH Healthcare Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 1/28/29 (b)(c)(d)	1,371,557	1,366,413
RLG Holdings LLC:
2LN, term loan CME Term SOFR 1 Month Index + 7.500% 12.9306% 7/2/29 (b)(c)(d)	590,000	539,850
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6806% 7/8/28 (b)(c)(d)	833,720	781,612
TOTAL PUBLISHING/PRINTING		7,814,837
Railroad - 0.5%
AIT Worldwide Logistics Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1793% 4/6/28 (b)(c)(d)	2,021,901	2,004,209
Echo Global Logistics, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 11/23/28 (b)(c)(d)	482,638	465,263
Genesee & Wyoming, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 2.000% 7.4901% 12/30/26 (b)(c)(d)	2,416,097	2,410,806
Wwex Unified Topco Holdings LLC:
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6517% 7/26/28 (b)(c)(d)	1,606,028	1,577,585
Tranche B 2LN, term loan CME Term SOFR 3 Month Index + 7.000% 12.5035% 7/22/29 (b)(c)(d)	1,295,000	1,084,563
TOTAL RAILROAD		7,542,426
Restaurants - 0.9%
Burger King Worldwide, Inc. Tranche B5 1LN, term loan CME Term SOFR 1 Month Index + 2.250% 7.5661% 9/12/30 (b)(c)(d)	3,401,646	3,386,781
Dave & Buster's, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1875% 6/29/29 (b)(c)(d)	1,816,250	1,814,361
Flynn Restaurant Group LP Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6806% 12/1/28 (b)(c)(d)	704,807	701,135
KFC Holding Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1951% 3/15/28 (b)(c)(d)	657,971	656,911
Pacific Bells LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 10.1517% 10/20/28 (b)(c)(d)	561,229	553,339
PFC Acquisition Corp. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 6.250% 11.7691% 3/1/26 (b)(c)(d)	1,972,271	1,871,902
Whatabrands LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 8/3/28 (b)(c)(d)	4,919,395	4,895,339
TOTAL RESTAURANTS		13,879,768
Services - 9.5%
ABG Intermediate Holdings 2 LLC:
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 6.000% 11.4161% 12/20/29 (b)(c)(d)	942,000	946,710
Tranche B1 LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 12/21/28 (b)(c)(d)	4,894,083	4,882,728
Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4161% 12/21/28 (b)(c)(d)	6,332,433	6,328,507
Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 4% 12/21/28 (b)(c)(d)(h)	1,213,333	1,212,581
Adtalem Global Education, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4306% 8/12/28 (b)(c)(d)	306,810	306,187
AEA International Holdings Luxembourg SARL Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.4017% 9/7/28 (b)(c)(d)	1,095,395	1,092,656
All-Star Bidco AB:
Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.900% 8.95% 11/16/28 (b)(c)(d)	963,845	957,223
Tranche B1 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.45% 11/16/28 (b)(c)(d)	2,403,351	2,380,831
Allied Universal Holdco LLC Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.750% 9.1661% 5/14/28 (b)(c)(d)	4,877,080	4,703,602
CME Term SOFR 1 Month Index + 4.750% 10.0661% 5/14/28 (b)(c)(d)	430,000	423,013
APX Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6886% 7/9/28 (b)(c)(d)	2,572,607	2,569,031
Aramark Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9306% 6/22/30 (b)(c)(d)	3,105,989	3,098,224
Archkey Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.785% 6/30/28 (b)(c)(d)	1,349,838	1,342,670
Ascend Learning LLC:
2LN, term loan CME Term SOFR 1 Month Index + 5.750% 11.1661% 12/10/29 (b)(c)(d)	2,705,000	2,298,114
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 12/10/28 (b)(c)(d)	5,768,121	5,491,424
Asurion LLC 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.4161% 8/19/28 (b)(c)(d)	1,536,970	1,488,617
Avis Budget Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9161% 3/16/29 (b)(c)(d)	1,157,375	1,155,211
Brand Energy & Infrastructure Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.8719% 8/1/30 (b)(c)(d)	4,405,000	4,285,228
Cast & Crew Payroll LLC Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.500% 8.9306% 2/7/26 (b)(c)(d)	2,958,206	2,943,001
CME Term SOFR 1 Month Index + 3.750% 9.0661% 12/30/28 (b)(c)(d)	1,999,450	1,974,457
CHG Healthcare Services, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 9/30/28 (b)(c)(d)	959,198	954,076
CoreLogic, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 6/2/28 (b)(c)(d)	7,099,566	6,546,368
EAB Global, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 8.8719% 8/16/28 (b)(c)(d)	890,133	882,567
EmployBridge LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.750% 10.4071% 7/19/28 (b)(c)(d)	3,327,554	2,990,041
Ensemble RCM LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.2191% 8/1/26 (b)(c)(d)	2,604,882	2,605,819
Filtration Group Corp.:
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6806% 10/19/28 (b)(c)(d)	205,978	206,065
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 10/21/28 (b)(c)(d)	2,934,700	2,920,642
Flexera Software LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 3/3/28 (b)(c)(d)	821,157	813,529
Franchise Group, Inc. Tranche B 1LN, term loan:
CME Term SOFR 3 Month Index + 4.750% 10.3111% 3/10/26 (b)(c)(d)	3,146,789	2,875,378
CME Term SOFR 3 Month Index + 4.750% 10.3769% 3/10/26 (b)(c)(d)	1,746,225	1,589,065
Galaxy U.S. Opco, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.0661% 4/29/29 (b)(c)(d)	1,636,359	1,556,587
GEMS MENASA Cayman Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.4341% 7/30/26 (b)(c)(d)	3,214,985	3,224,759
Greeneden U.S. Holdings II LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4306% 12/1/27 (b)(c)(d)	1,489,256	1,489,256
Indy U.S. Bidco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0661% 3/5/28 (b)(c)(d)	678,045	647,533
Ion Trading Finance Ltd. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.2401% 3/26/28 (b)(c)(d)	3,107,451	3,059,534
KNS Acquisitions, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.6806% 4/21/27 (b)(c)(d)	1,752,750	1,481,810
KUEHG Corp. 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3901% 6/12/30 (b)(c)(d)	7,500,000	7,503,525
Maverick Purchaser Sub LLC:
Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 4.000% 9.3306% 2/15/29 (b)(c)(d)	1,808,219	1,779,975
CME Term SOFR 1 Month Index + 4.000% 9.4306% 1/23/27 (b)(c)(d)	2,611,709	2,586,688
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 8.750% 14.1806% 1/31/28 (b)(c)(d)	3,060,000	2,770,585
Neptune BidCo U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.3985% 4/11/29 (b)(c)(d)	9,027,375	8,105,861
Omnia Partners LLC:
1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6012% 7/25/30 (b)(c)(d)(h)	2,545,845	2,546,380
Tranche DD 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 2.125% 7/19/30 (b)(c)(d)	239,155	239,205
Optiv Security, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.3384% 8/14/26 (b)(c)(d)	1,590,000	1,536,735
Pilot Travel Centers LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4161% 8/4/28 (b)(c)(d)	4,473,424	4,465,416
PowerTeam Services LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.8901% 3/6/25 (b)(c)(d)	722,741	674,411
Sabert Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9306% 12/10/26 (b)(c)(d)	2,262,363	2,262,363
Sedgwick Claims Management Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0661% 2/24/28 (b)(c)(d)	1,129,325	1,126,366
Sitel Worldwide Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 8/27/28 (b)(c)(d)	1,410,989	1,373,514
Sotheby's Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.0696% 1/15/27 (b)(c)(d)	1,455,000	1,416,806
Spin Holdco, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 9.6639% 3/4/28 (b)(c)(d)	12,197,659	10,516,700
SuperMoose Borrower LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.750% 9.2901% 8/29/25 (b)(c)(d)	1,249,971	1,179,836
The GEO Group, Inc. Tranche 1B 1LN, term loan CME Term SOFR 1 Month Index + 7.120% 12.4411% 3/23/27 (b)(c)(d)	1,848,521	1,881,535
Uber Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.1594% 3/3/30 (b)(c)(d)	4,125,078	4,121,324
WMB Holdings, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6661% 11/3/29 (b)(c)(d)	901,219	900,093
TOTAL SERVICES		140,710,362
Specialty Retailing - 0.2%
New SK Holdco Sub LLC 1LN, term loan CME Term SOFR 1 Month Index + 8.350% 13.6741% 6/30/27 (b)(c)(d)	2,373,946	2,235,070
Steel - 0.1%
JMC Steel Group, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4451% 1/24/27 (b)(c)(d)	1,375,413	1,372,167
Super Retail - 3.6%
Academy Ltd. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1791% 11/6/27 (b)(c)(d)	1,783,702	1,785,932
At Home Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6791% 7/24/28 (b)(c)(d)	1,641,269	717,235
Bass Pro Group LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.4017% 3/5/28 (b)(c)(d)	37,621,473	37,493,937
Empire Today LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4386% 4/1/28 (b)(c)(d)	1,869,759	1,522,526
Hanesbrands, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0661% 3/8/30 (b)(c)(d)	1,343,250	1,313,027
Harbor Freight Tools U.S.A., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1806% 10/19/27 (b)(c)(d)	236,131	234,091
LBM Acquisition LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 12/18/27 (b)(c)(d)	1,201,312	1,170,595
Michaels Companies, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.9017% 4/15/28 (b)(c)(d)	2,780,796	2,531,775
Red Ventures LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.3161% 3/3/30 (b)(c)(d)	2,071,317	2,053,835
RH:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.9306% 10/20/28 (b)(c)(d)	1,194,455	1,144,933
Tranche B2 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6661% 10/20/28 (b)(c)(d)	2,756,391	2,647,872
TOTAL SUPER RETAIL		52,615,758
Technology - 15.0%
A&V Holdings Midco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.370% 10.265% 3/10/27 (b)(c)(d)	1,821,299	1,784,873
Acuris Finance U.S., Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.000% 9.5401% 2/16/28 (b)(c)(d)	1,131,771	1,114,228
AI Aqua Merger Sub, Inc. Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.750% 9.0836% 7/30/28 (b)(c)(d)	2,236,663	2,211,858
Alliance Laundry Systems LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.500% 8.9011% 10/8/27 (b)(c)(d)	1,582,348	1,580,370
Anastasia Parent LLC Tranche B, term loan CME Term SOFR 3 Month Index + 3.750% 9.4017% 8/10/25 (b)(c)(d)	5,383,137	3,824,288
Applied Systems, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.8901% 9/19/26 (b)(c)(d)	0	0
Aptean, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.6661% 4/23/26 (b)(c)(d)	2,262,927	2,246,769
Athenahealth Group, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.5684% 2/15/29 (b)(c)(d)	9,337,896	9,148,243
AZZ, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.0661% 5/13/29 (b)(c)(d)	2,476,563	2,478,618
Byju's Alpha, Inc. Tranche B 1LN, term loan 3 month U.S. LIBOR + 8.000% 15.5% 11/24/26 (b)(c)(d)	3,326,947	1,071,277
Camelot Finance SA:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 10/31/26 (b)(c)(d)	2,575,150	2,568,712
Tranche B, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 10/31/26 (b)(c)(d)	3,600,383	3,595,234
Central Parent, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.6401% 7/6/29 (b)(c)(d)	3,750,941	3,748,916
Ceridian HCM Holding, Inc. Tranche B, term loan CME Term SOFR 1 Month Index + 2.500% 7.9306% 4/30/25 (b)(c)(d)	1,631,692	1,629,995
Cloud Software Group, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.500% 9.9901% 3/30/29 (b)(c)(d)	4,832,857	4,640,558
Coherent Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1806% 7/1/29 (b)(c)(d)	4,042,341	4,024,676
CommScope, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 4/4/26 (b)(c)(d)	5,617,575	5,114,802
ConnectWise LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 9/30/28 (b)(c)(d)	3,282,935	3,225,484
Constant Contact, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.5611% 2/10/28 (b)(c)(d)	1,525,463	1,471,126
DCert Buyer, Inc.:
1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.3161% 10/16/26 (b)(c)(d)	3,680,762	3,652,752
Tranche B 2LN, term loan CME Term SOFR 3 Month Index + 7.000% 12.3161% 2/19/29 (b)(c)(d)	4,508,409	4,200,350
DG Investment Intermediate Holdings, Inc.:
2LN, term loan CME Term SOFR 1 Month Index + 6.750% 12.1806% 3/31/29 (b)(c)(d)	630,000	554,400
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 3/31/28 (b)(c)(d)	1,230,061	1,207,256
ECL Entertainment LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 10.1401% 8/16/30 (b)(c)(d)	995,000	992,095
Entegris, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 7.8705% 7/6/29 (b)(c)(d)	4,929,654	4,928,126
Eos U.S. Finco LLC 1LN, term loan CME Term SOFR 3 Month Index + 6.000% 11.2684% 10/6/29 (b)(c)(d)	1,481,250	1,436,813
Epicor Software Corp.:
1LN, term loan CME Term SOFR 1 Month Index + 3.750% 7/31/27 (c)(d)(g)	750,000	750,188
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 7/31/27 (b)(c)(d)	2,492,960	2,487,501
Gen Digital, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4161% 9/12/29 (b)(c)(d)	6,516,745	6,490,678
Global IID Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 10.1517% 12/16/28 (b)(c)(d)	542,545	499,141
GoDaddy, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 7.8161% 11/9/29 (b)(c)(d)	1,671,814	1,672,332
Hunter U.S. Bidco, Inc. Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.250% 9.7401% 8/19/28 (b)(c)(d)	1,779,431	1,772,758
Icon Luxembourg Sarl Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 2.250% 7.9017% 7/3/28 (b)(c)(d)	5,183,872	5,179,725
Imprivata, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 12/1/27 (b)(c)(d)	2,037,253	2,032,159
McAfee Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1646% 3/1/29 (b)(c)(d)	4,794,133	4,675,766
MH Sub I LLC:
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5661% 5/3/28 (b)(c)(d)	11,849,492	11,447,675
Tranche B 2LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.5661% 2/23/29 (b)(c)(d)	1,030,000	909,943
MKS Instruments, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1661% 8/17/29 (b)(c)(d)	3,596,104	3,590,314
NAVEX TopCo, Inc. 2LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4161% 9/4/26 (b)(c)(d)	415,000	407,347
Ncr Atleos LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 3/22/29 (c)(d)(g)	2,240,000	2,157,411
Open Text Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1661% 1/31/30 (b)(c)(d)	6,037,251	6,034,534
Park Place Technologies LLC 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4161% 11/10/27 (b)(c)(d)	2,683,364	2,637,532
Peraton Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 2/1/28 (b)(c)(d)	11,793,834	11,757,037
Polaris Newco LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 9.4306% 6/2/28 (b)(c)(d)	8,316,292	7,950,958
Project Boost Purchaser LLC 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 5/30/26 (b)(c)(d)	1,172,618	1,169,687
Proofpoint, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 8/31/28 (b)(c)(d)	5,346,364	5,296,589
Rackspace Technology Global, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1938% 2/15/28 (b)(c)(d)	7,470,377	3,357,038
RealPage, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 4/22/28 (b)(c)(d)	3,856,608	3,808,400
Red Planet Borrower LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1661% 9/30/28 (b)(c)(d)	1,979,698	1,888,137
Renaissance Holdings Corp. 1LN, term loan CME Term SOFR 1 Month Index + 4.750% 9.9919% 4/7/30 (b)(c)(d)	4,670,000	4,627,456
Roper Industrial Products Investment Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.8901% 11/22/29 (b)(c)(d)	1,368,125	1,370,081
Sophia LP Tranche B 1LN, term loan 3 month U.S. LIBOR + 3.500% 8.8161% 10/7/27 (b)(c)(d)	3,087,737	3,078,103
Sovos Compliance LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.500% 9.9306% 8/11/28 (b)(c)(d)	890,472	875,093
SS&C Technologies, Inc.:
Tranche B 3LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1806% 4/16/25 (b)(c)(d)	1,755,212	1,753,878
Tranche B 4LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1806% 4/16/25 (b)(c)(d)	1,657,411	1,656,152
Tranche B 5LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1806% 4/16/25 (b)(c)(d)	3,514,982	3,512,943
Tempo Acquisition LLC 1LN, term loan U.S. Secured Overnight Fin. Rate (SOFR) Index + 3.000% 8.3311% 8/31/28 (b)(c)(d)	3,698,549	3,698,549
TTM Technologies, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.0646% 5/30/30 (b)(c)(d)	1,584,387	1,584,387
Ukg, Inc.:
1LN, term loan:
CME Term SOFR 3 Month Index + 3.250% 8.6184% 5/4/26 (b)(c)(d)	3,873,063	3,858,965
CME Term SOFR 3 Month Index + 3.750% 9.2191% 5/4/26 (b)(c)(d)	5,305,738	5,295,816
2LN, term loan CME Term SOFR 3 Month Index + 5.250% 10.7643% 5/3/27 (b)(c)(d)	7,170,000	7,152,075
Veritas U.S., Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4306% 9/1/25 (b)(c)(d)	3,114,865	2,690,465
Verscend Holding Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.4306% 8/27/25 (b)(c)(d)	3,497,794	3,494,051
VFH Parent LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4184% 1/13/29 (b)(c)(d)	3,237,150	3,208,145
Virgin Pulse, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.000% 9.1806% 4/6/28 (b)(c)(d)	2,495,793	2,489,554
VM Consolidated, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 3/27/28 (b)(c)(d)	2,254,508	2,253,381
VS Buyer LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.6661% 2/28/27 (b)(c)(d)	2,269,043	2,257,698
Weber-Stephen Products LLC Tranche B 1LN, term loan:
CME Term SOFR 1 Month Index + 3.250% 8.6806% 10/30/27 (b)(c)(d)	641,322	576,119
CME Term SOFR 1 Month Index + 4.250% 9.6661% 10/30/27 (b)(c)(d)	1,428,250	1,288,110
Zelis Payments Buyer, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 9/30/26 (b)(c)(d)	3,556,687	3,554,837
TOTAL TECHNOLOGY		220,700,527
Telecommunications - 4.9%
Altice Financing SA Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.308% 10/31/27 (b)(c)(d)	1,304,198	1,288,978
Altice France SA Tranche B14 1LN, term loan CME Term SOFR 1 Month Index + 5.500% 10.808% 8/15/28 (b)(c)(d)	5,324,655	4,806,832
Aventiv Technologies LLC Tranche B, term loan:
3 month U.S. LIBOR + 4.500% 10.231% 11/1/24 (b)(c)(d)	8,496,228	7,591,125
3 month U.S. LIBOR + 8.250% 13.981% 11/1/25 (b)(c)(d)	7,055,000	4,997,691
Cablevision Lightpath LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6967% 11/30/27 (b)(c)(d)	991,994	978,354
Ciena Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.500% 7.8248% 1/18/30 (b)(c)(d)	720,128	720,726
Connect U.S. Finco LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.8161% 12/12/26 (b)(c)(d)	1,317,334	1,288,629
Consolidated Communications, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.9306% 10/2/27 (b)(c)(d)	1,902,823	1,681,619
Crown Subsea Communications Holding, Inc.:
1LN, term loan CME Term SOFR 1 Month Index + 5.250% 10.6791% 4/27/27 (b)(c)(d)	1,431,875	1,435,455
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 5.000% 10.4291% 4/27/27 (b)(c)(d)	1,438,459	1,440,861
Frontier Communications Holdings LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1806% 5/1/28 (b)(c)(d)	7,073,437	6,856,212
GTT Communications, Inc. 1LN, term loan CME Term SOFR 3 Month Index + 9.000% 14.4901% 6/30/28 (b)(c)(d)	1,485,887	879,155
Gtt Remainco LLC 1LN, term loan CME Term SOFR 1 Month Index + 7.000% 12.4161% 12/30/27 (b)(c)(d)	1,830,009	1,564,658
Intelsat Jackson Holdings SA 1LN, term loan CME TERM SOFR 6 MONTH INDEX + 4.250% 9.7719% 2/1/29 (b)(c)(d)	10,733,593	10,699,460
Level 3 Financing, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1806% 3/1/27 (b)(c)(d)	2,855,504	2,692,027
Lumen Technologies, Inc. Tranche A 1LN, term loan CME Term SOFR 1 Month Index + 2.000% 7.4306% 1/31/25 (b)(c)(d)	3,855,682	3,589,640
Northwest Fiber LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.1842% 4/30/27 (b)(c)(d)	3,436,146	3,383,882
Patagonia Holdco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.750% 11.1174% 8/1/29 (b)(c)(d)	3,180,344	2,798,703
Radiate Holdco LLC Tranche B 1LN, term loan 1 month U.S. LIBOR + 3.250% 8.6806% 9/25/26 (b)(c)(d)	4,058,859	3,310,325
SBA Senior Finance II, LLC Tranche B, term loan 3 month U.S. LIBOR + 1.750% 7.17% 4/11/25 (b)(c)(d)	1,308,845	1,307,497
Windstream Services LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 6.250% 11.6661% 9/21/27 (b)(c)(d)	665,559	639,270
Zayo Group Holdings, Inc. 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 3/9/27 (b)(c)(d)	10,088,135	8,214,869
TOTAL TELECOMMUNICATIONS		72,165,968
Textiles/Apparel - 0.7%
Crocs, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4161% 2/19/29 (b)(c)(d)	3,986,625	3,992,964
Fanatics Commerce Intermediate Holdco LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 3.250% 8.8277% 11/23/28 (b)(c)(d)	634,515	632,662
Jo-Ann Stores LLC Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 4.750% 10.3623% 7/7/28 (b)(c)(d)	3,607,676	1,136,418
Tory Burch LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.500% 8.6806% 4/16/28 (b)(c)(d)	2,883,625	2,839,852
Victoria's Secret & Co. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.9027% 8/2/28 (b)(c)(d)	1,016,280	990,873
TOTAL TEXTILES/APPAREL		9,592,769
Transportation Ex Air/Rail - 0.1%
ASP LS Acquisition Corp. 2LN, term loan CME Term SOFR 3 Month Index + 7.500% 13.3958% 5/7/29 (b)(c)(d)	2,500,000	2,062,500
Utilities - 2.1%
Brookfield WEC Holdings, Inc.:
1LN, term loan CME Term SOFR 1 Month Index + 3.750% 9.0661% 8/1/25 (b)(c)(d)	2,123,550	2,126,204
Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1806% 8/1/25 (b)(c)(d)	6,371,807	6,364,416
ExGen Renewables IV, LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 2.500% 8.1841% 12/15/27 (b)(c)(d)	1,281,878	1,276,840
Generation Bridge Northeast LLC Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 4.250% 9.5661% 8/7/29 (b)(c)(d)	1,485,000	1,483,144
Limetree Bay Terminals LLC Tranche B 1LN, term loan 3 month U.S. LIBOR + 4.000% 10.6517% 2/15/24 (b)(c)(d)	2,958,141	2,722,554
Luxembourg Investment Co. 428 SARL Tranche B 1LN, term loan CME Term SOFR 3 Month Index + 5.000% 10.5401% 1/3/29 (b)(c)(d)	1,220,044	883,312
Osmose Utilities Services, Inc. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.250% 8.6806% 6/23/28 (b)(c)(d)	539,834	535,111
PG&E Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 6/23/25 (b)(c)(d)	4,168,639	4,165,762
Pike Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 3.000% 8.4306% 1/21/28 (b)(c)(d)	2,598,630	2,592,679
Vertiv Group Corp. Tranche B 1LN, term loan CME Term SOFR 1 Month Index + 2.750% 8.1791% 3/2/27 (b)(c)(d)	4,742,623	4,732,474
Vistra Operations Co. LLC Tranche B 3LN, term loan CME Term SOFR 1 Month Index + 1.750% 7.1806% 12/31/25 (b)(c)(d)	3,720,704	3,718,769
TOTAL UTILITIES		30,601,265
TOTAL BANK LOAN OBLIGATIONS (Cost $1,319,766,524)		1,264,320,641

Nonconvertible Bonds - 6.6%
	Principal Amount (a)	Value ($)
Aerospace - 0.3%
TransDigm, Inc. 6.25% 3/15/26 (i)	4,000,000	3,930,323
Air Transportation - 0.1%
American Airlines, Inc. / AAdvantage Loyalty IP Ltd. 5.5% 4/20/26 (i)	1,012,917	989,278
Delta Air Lines, Inc. / SkyMiles IP Ltd. 4.5% 10/20/25 (i)	613,000	595,406
TOTAL AIR TRANSPORTATION		1,584,684
Automotive & Auto Parts - 0.9%
Clarios Global LP / Clarios U.S. Finance Co. 6.75% 5/15/28 (i)	1,205,000	1,176,381
Ford Motor Credit Co. LLC U.S. Secured Overnight Fin. Rate (SOFR) Index + 2.950% 8.2659% 3/6/26 (b)(c)	1,650,000	1,647,304
Rivian Holdco & Rivian LLC & Rivian Automotive LLC 6 month U.S. LIBOR + 5.620% 10.9311% 10/15/26 (b)(c)(i)	9,895,000	9,919,738
TOTAL AUTOMOTIVE & AUTO PARTS		12,743,423
Broadcasting - 0.3%
DISH Network Corp. 11.75% 11/15/27 (i)	2,985,000	3,007,286
Univision Communications, Inc.:
6.625% 6/1/27 (i)	1,205,000	1,122,249
8% 8/15/28 (i)	840,000	814,380
TOTAL BROADCASTING		4,943,915
Building Materials - 0.0%
SRS Distribution, Inc. 4.625% 7/1/28 (i)	160,000	138,225
Cable/Satellite TV - 0.4%
CCO Holdings LLC/CCO Holdings Capital Corp.:
5% 2/1/28 (i)	1,580,000	1,434,858
5.375% 6/1/29 (i)	3,160,000	2,835,178
Charter Communications Operating LLC/Charter Communications Operating Capital Corp. CME Term SOFR 3 Month Index + 1.910% 7.2835% 2/1/24 (b)(c)	1,750,000	1,755,978
TOTAL CABLE/SATELLITE TV		6,026,014
Capital Goods - 0.0%
Chart Industries, Inc. 7.5% 1/1/30 (i)	330,000	331,808
Chemicals - 0.1%
Kronos Acquisition Holdings, Inc. / KIK Custom Products, Inc. 5% 12/31/26 (i)	40,000	36,445
Olympus Water U.S. Holding Corp. 9.75% 11/15/28 (i)	1,220,000	1,217,363
TOTAL CHEMICALS		1,253,808
Containers - 0.2%
Ardagh Packaging Finance PLC/Ardagh MP Holdings U.S.A., Inc. 4.125% 8/15/26 (i)	2,945,000	2,692,770
Energy - 0.5%
Citgo Petroleum Corp.:
6.375% 6/15/26 (i)	1,000,000	987,517
7% 6/15/25 (i)	1,050,000	1,034,384
New Fortress Energy, Inc.:
6.5% 9/30/26 (i)	3,160,000	2,909,514
6.75% 9/15/25 (i)	1,485,000	1,417,590
Transocean Poseidon Ltd. 6.875% 2/1/27 (i)	855,000	841,106
TOTAL ENERGY		7,190,111
Gaming - 1.0%
Affinity Gaming LLC 6.875% 12/15/27 (i)	1,700,000	1,441,225
Caesars Entertainment, Inc. 7% 2/15/30 (i)	1,465,000	1,425,535
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. 4.625% 1/15/29 (i)	10,240,000	8,678,400
Golden Entertainment, Inc. 7.625% 4/15/26 (i)	1,065,000	1,062,721
Ontario Gaming GTA LP 8% 8/1/30 (i)	80,000	80,000
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp. 5.875% 5/15/25 (i)	1,367,000	1,319,154
VICI Properties LP / VICI Note Co.:
3.5% 2/15/25 (i)	240,000	229,627
4.25% 12/1/26 (i)	345,000	321,454
4.625% 12/1/29 (i)	200,000	177,410
TOTAL GAMING		14,735,526
Homebuilders/Real Estate - 0.3%
MPT Operating Partnership LP/MPT Finance Corp. 5% 10/15/27	2,400,000	1,859,584
Uniti Group LP / Uniti Group Finance, Inc. 10.5% 2/15/28 (i)	2,545,000	2,492,707
TOTAL HOMEBUILDERS/REAL ESTATE		4,352,291
Leisure - 0.1%
Carnival Corp. 7.625% 3/1/26 (i)	620,000	603,126
Royal Caribbean Cruises Ltd. 11.625% 8/15/27 (i)	1,205,000	1,307,563
TOTAL LEISURE		1,910,689
Metals/Mining - 0.0%
Arsenal AIC Parent LLC 8% 10/1/30 (i)	90,000	89,552
Paper - 0.0%
Ardagh Metal Packaging Finance U.S.A. LLC/Ardagh Metal Packaging Finance PLC 3.25% 9/1/28 (i)	895,000	746,244
Restaurants - 0.0%
1011778 BC Unlimited Liability Co./New Red Finance, Inc. 5.75% 4/15/25 (i)	160,000	158,773
Services - 0.4%
Brand Energy & Infrastructure Services, Inc. 10.375% 8/1/30 (i)	600,000	600,924
Neptune BidCo U.S., Inc. 9.29% 4/15/29 (i)	935,000	846,467
PowerTeam Services LLC 9.033% 12/4/25 (i)	5,115,000	4,718,588
TOTAL SERVICES		6,165,979
Super Retail - 0.2%
EG Global Finance PLC:
6.75% 2/7/25 (i)	1,000,000	982,500
8.5% 10/30/25 (i)	1,705,000	1,683,688
TOTAL SUPER RETAIL		2,666,188
Technology - 0.2%
Cloud Software Group, Inc. 9% 9/30/29 (i)	1,370,000	1,190,531
CNT PRNT/CDK GLO II/FIN 8% 6/15/29 (i)	515,000	513,094
CommScope, Inc. 6% 3/1/26 (i)	1,100,000	1,026,552
TOTAL TECHNOLOGY		2,730,177
Telecommunications - 1.5%
Altice Financing SA 5.75% 8/15/29 (i)	6,000,000	4,919,827
Altice France SA:
5.125% 1/15/29 (i)	855,000	607,580
5.125% 7/15/29 (i)	3,795,000	2,691,069
5.5% 10/15/29 (i)	1,630,000	1,172,717
Frontier Communications Holdings LLC 5% 5/1/28 (i)	1,160,000	990,434
Intelsat Jackson Holdings SA 6.5% 3/15/30 (i)	6,905,000	6,123,655
LCPR Senior Secured Financing DAC:
5.125% 7/15/29 (i)	205,000	164,717
6.75% 10/15/27 (i)	1,455,000	1,336,418
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. 4.75% 4/30/27 (i)	195,000	173,550
Windstream Escrow LLC 7.75% 8/15/28 (i)	5,100,000	4,053,302
TOTAL TELECOMMUNICATIONS		22,233,269
Textiles/Apparel - 0.0%
Victoria's Secret & Co. 4.625% 7/15/29 (i)	910,000	659,678
Utilities - 0.1%
Exgen Texas Power LLC 3 month U.S. LIBOR + 6.750% 12.2371% 10/8/26 (b)(c)(e)	964,271	979,941
TOTAL NONCONVERTIBLE BONDS (Cost $105,711,770)		98,263,388

Common Stocks - 2.3%
	Shares	Value ($)
Capital Goods - 0.1%
TNT Crane & Rigging LLC (e)(j)	188,360	1,162,181
TNT Crane & Rigging LLC warrants 10/31/25 (e)(j)	9,492	190
TOTAL CAPITAL GOODS		1,162,371
Diversified Financial Services - 0.1%
ACNR Holdings, Inc. (e)(j)	15,697	1,402,370
Carnelian Point Holdings LP warrants (e)(j)	5,132	14,985
Lime Tree Bay Ltd. (e)(j)	776	39,723
TOTAL DIVERSIFIED FINANCIAL SERVICES		1,457,078
Energy - 1.5%
California Resources Corp.	129,771	7,268,474
California Resources Corp. warrants 10/27/24 (j)	7,511	160,059
Chesapeake Energy Corp. (k)	109,641	9,454,343
Chesapeake Energy Corp. (j)(l)	928	80,021
Denbury, Inc. (j)	48,694	4,772,499
EP Energy Corp. (e)(j)	15,785	26,045
TOTAL ENERGY		21,761,441
Entertainment/Film - 0.2%
New Cineworld Ltd. (e)	153,258	3,065,160
Restaurants - 0.1%
CEC Entertainment, Inc. (e)(j)	105,486	1,683,557
Super Retail - 0.0%
David's Bridal, Inc. rights (e)(j)	1,346	0
Telecommunications - 0.1%
GTT Communications, Inc. (e)	35,300	1,004,991
Utilities - 0.2%
TexGen Power LLC (e)(j)	85,051	3,372,272
TOTAL COMMON STOCKS (Cost $24,203,744)		33,506,870

Nonconvertible Preferred Stocks - 0.3%
	Shares	Value ($)
Diversified Financial Services - 0.3%
ACNR Holdings, Inc. (e)(j) (Cost $1,123,250)	8,986	4,848,037

Preferred Securities - 0.9%
	Principal Amount (a)	Value ($)
Banks & Thrifts - 0.5%
Bank of America Corp.:
6.25% (b)(m)	2,595,000	2,564,631
8.8062% (b)(c)(m)	490,000	493,801
JPMorgan Chase & Co.:
6.1% (b)(m)	1,130,000	1,151,156
6.75% (b)(m)	1,370,000	1,385,055
8.9335% (b)(c)(m)	1,430,000	1,456,497
TOTAL BANKS & THRIFTS		7,051,140
Energy - 0.4%
Energy Transfer LP 3 month U.S. LIBOR + 4.020% 9.6542% (b)(c)(m)	6,720,000	6,366,417
TOTAL PREFERRED SECURITIES (Cost $13,246,066)		13,417,557

Other - 1.7%
	Shares	Value ($)
Other - 1.7%
Fidelity Private Credit Central Fund LLC (l) (Cost $24,495,745)	2,462,525	25,093,125

Money Market Funds - 4.2%
	Shares	Value ($)
Fidelity Cash Central Fund 5.39% (n)	52,223,691	52,234,136
Fidelity Securities Lending Cash Central Fund 5.39% (n)(o)	9,397,760	9,398,700
TOTAL MONEY MARKET FUNDS (Cost $61,629,302)		61,632,836

TOTAL INVESTMENT IN SECURITIES - 101.8% (Cost $1,550,176,401)	1,501,082,454
NET OTHER ASSETS (LIABILITIES) - (1.8)%	(26,938,842)
NET ASSETS - 100.0%	1,474,143,612

Legend

(a)	Amount is stated in United States dollars unless otherwise noted.

(b)	Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c)	Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(d)	Remaining maturities of bank loan obligations may be less than the stated maturities shown as a result of contractual or optional prepayments by the borrower. Such prepayments cannot be predicted with certainty.

(e)	Level 3 security

(f)	Non-income producing - Security is in default.

(g)	The coupon rate will be determined upon settlement of the loan after period end.

(h)	Position or a portion of the position represents an unfunded loan commitment. At period end, the total principal amount and market value of unfunded commitments totaled $1,452,488 and $1,451,786, respectively.

(i)

(j)	Non-income producing

(k)	Security or a portion of the security is on loan at period end.

(l)	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 $25,173,146 or 1.7% of net assets.

(m)	Security is perpetual in nature with no stated maturity date.

(n)

(o)	Investment made with cash collateral received from securities on loan.

Additional information on each restricted holding is as follows:
Security	Acquisition Date	Acquisition Cost ($)
Chesapeake Energy Corp.	2/10/21	8,788

Fidelity Private Credit Central Fund LLC	4/23/22 - 9/11/23	24,495,745

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 5.39%	65,484,990	1,122,100,468	1,135,351,322	3,185,825	2,622	(2,622)	52,234,136	0.1%
Fidelity Private Credit Central Fund LLC	11,381,951	15,361,341	2,320,002	2,299,340	58	669,777	25,093,125	3.8%
Fidelity Securities Lending Cash Central Fund 5.39%	12,974,125	34,780,314	38,355,739	2,018	-	-	9,398,700	0.0%
Total	89,841,066	1,172,242,123	1,176,027,063	5,487,183	2,680	667,155	86,725,961

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	3,065,160	-	-	3,065,160
Consumer Discretionary	1,683,557	-	-	1,683,557
Energy	21,761,441	21,735,396	-	26,045
Financials	6,305,115	-	-	6,305,115
Industrials	1,162,371	-	-	1,162,371
Information Technology	1,004,991	-	-	1,004,991
Utilities	3,372,272	-	-	3,372,272

Bank Loan Obligations	1,264,320,641	-	1,244,347,193	19,973,448

Corporate Bonds	98,263,388	-	97,283,447	979,941

Preferred Securities	13,417,557	-	13,417,557	-

Other	25,093,125	-	25,093,125	-

Money Market Funds	61,632,836	61,632,836	-	-
Total Investments in Securities:	1,501,082,454	83,368,232	1,380,141,322	37,572,900


Net Unrealized Appreciation on Unfunded Commitments	27,428	-	27,428	-
Total	27,428	-	27,428	-

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:


Investments in Securities:
Bank Loan Obligations
Beginning Balance	$	90,917,868
Net Realized Gain (Loss) on Investment Securities		(296,377)
Net Unrealized Gain (Loss) on Investment Securities		395,056
Cost of Purchases		4,849,638
Proceeds of Sales		(23,763,063)
Amortization/Accretion		56,864
Transfers into Level 3		2,872,025
Transfers out of Level 3		(55,058,563)
Ending Balance	$	19,973,448
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2023	$	(27,046)
Other Investments in Securities
Beginning Balance	$	14,096,046
Net Realized Gain (Loss) on Investment Securities		(86,832)
Net Unrealized Gain (Loss) on Investment Securities		(6,569,242)
Cost of Purchases		10,774,709
Proceeds of Sales		(615,229)
Amortization/Accretion		-
Transfers into Level 3		-
Transfers out of Level 3		-
Ending Balance	$	17,599,452
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2023	$	(6,705,420)
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Financial Statements

Statement of Assets and Liabilities
				September 30, 2023

Assets
Investment in securities, at value (including securities loaned of $9,157,626) - See accompanying schedule:
Unaffiliated issuers (cost $1,464,051,354)	$	1,414,356,493
Fidelity Central Funds (cost $86,125,047)		86,725,961


Total Investment in Securities (cost $1,550,176,401)			$	1,501,082,454
Cash				592,398
Receivable for investments sold				20,345,348
Unrealized appreciation on unfunded commitments				27,428
Receivable for fund shares sold				419
Dividends receivable				7,792
Interest receivable				14,308,513
Distributions receivable from Fidelity Central Funds				235,658
Receivable from investment adviser for expense reductions				11,210
Total assets				1,536,611,220
Liabilities
Payable for investments purchased	$	33,228,091
Payable for fund shares redeemed		19,786,507
Distributions payable		5,246
Other payables and accrued expenses		49,064
Collateral on securities loaned		9,398,700
Total Liabilities				62,467,608
Commitments and contingent liabilities (see Commitments note)
Net Assets			$	1,474,143,612
Net Assets consist of:
Paid in capital			$	1,637,845,274
Total accumulated earnings (loss)				(163,701,662)
Net Assets			$	1,474,143,612
Net Asset Value, offering price and redemption price per share ($1,474,143,612 ÷ 15,040,397 shares)			$	98.01

Statement of Operations
				Year ended September 30, 2023
Investment Income
Dividends			$	1,842,500
Interest				163,530,531
Income from Fidelity Central Funds (including $2,018 from security lending)				5,487,183
Payment from investment adviser				40,564
Total Income				170,900,778
Expenses
Custodian fees and expenses	$	6,743
Independent trustees' fees and expenses		12,166
Total expenses before reductions		18,909
Expense reductions		(6,166)
Total expenses after reductions				12,743
Net Investment income (loss)				170,888,035
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(32,202,297)
Fidelity Central Funds		2,680
Total net realized gain (loss)				(32,199,617)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		115,542,454
Fidelity Central Funds		667,155
Unfunded commitments		27,428
Total change in net unrealized appreciation (depreciation)				116,237,037
Net gain (loss)				84,037,420
Net increase (decrease) in net assets resulting from operations			$	254,925,455

Statement of Changes in Net Assets

		Year ended September 30, 2023		Year ended September 30, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	170,888,035	$	144,865,396
Net realized gain (loss)		(32,199,617)		(16,547,082)
Change in net unrealized appreciation (depreciation)		116,237,037		(187,029,002)
Net increase (decrease) in net assets resulting from operations		254,925,455		(58,710,688)
Distributions to shareholders		(171,040,104)		(144,286,030)

Affiliated share transactions
Proceeds from sales of shares		66,769,136		691,985,364
Reinvestment of distributions		171,038,902		144,284,576
Cost of shares redeemed		(1,390,873,549)		(863,857,528)

Net increase (decrease) in net assets resulting from share transactions		(1,153,065,511)		(27,587,588)
Total increase (decrease) in net assets		(1,069,180,160)		(230,584,306)

Net Assets
Beginning of period		2,543,323,772		2,773,908,078
End of period	$	1,474,143,612	$	2,543,323,772

Other Information
Shares
Sold		695,160		6,910,842
Issued in reinvestment of distributions		1,773,731		1,474,153
Redeemed		(14,420,965)		(8,882,669)
Net increase (decrease)		(11,952,074)		(497,674)

Financial Highlights

Fidelity® Floating Rate Central Fund

Years ended September 30,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	94.22	$	100.91	$	96.50	$	101.38	$	103.31
Income from Investment Operations
Net investment income (loss) A,B		8.494		4.767		4.112		4.985		6.104
Net realized and unrealized gain (loss)		3.878		(6.696)		4.431		(4.687)		(1.943)
Total from investment operations		12.372		(1.929)		8.543		.298		4.161
Distributions from net investment income		(8.582)		(4.761)		(4.133)		(5.178)		(6.091)
Total distributions		(8.582)		(4.761)		(4.133)		(5.178)		(6.091)
Net asset value, end of period	$	98.01	$	94.22	$	100.91	$	96.50	$	101.38
Total Return C		13.65%		(1.98)%		8.99%		.42%		4.20%
Ratios to Average Net Assets B,D,E
Expenses before reductions F		-%		-%		-%		-%		-%
Expenses net of fee waivers, if any F		-%		-%		-%		-%		-%
Expenses net of all reductions F		-%		-%		-%		-%		-%
Net investment income (loss)		8.78%		4.83%		4.14%		5.16%		6.01%
Supplemental Data
Net assets, end of period (000 omitted)	$	1,474,144	$	2,543,324	$	2,773,908	$	1,906,015	$	1,946,822
Portfolio turnover rate G		24%		39%		41%		40%		29%

ACalculated based on average shares outstanding during the period.

CTotal returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

DFees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report. For additional expense information related to investments in Fidelity Private Credit Central Fund LLC, please refer to the Investment in Fidelity Private Credit Central Fund LLC note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

FAmount represents less than .005%.

GAmount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements

For the period ended September 30, 2023

1. Organization.

Fidelity Floating Rate Central Fund (the Fund) is a fund of Fidelity Central Investment Portfolios LLC (the LLC) and is authorized to issue an unlimited number of shares. Shares of the Fund are only offered to other investment companies and accounts managed by Fidelity Management & Research Company LLC (FMR), or its affiliates (the Investing Funds). The LLC is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware Limited Liability Company.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
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%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Investment in Fidelity Private Credit Central Fund LLC.

The Fund invests in Fidelity Private Credit Central Fund LLC (formerly Fidelity Direct Lending Fund, LP), which is a limited liability company available only to certain investment companies managed by the investment adviser and its affiliates. On June 1, 2023, Fidelity Private Credit Central Fund elected to be regulated as a business development company (BDC). Fidelity Private Credit Central Fund LLC's units are not registered under the Securities Act of 1933 and are subject to substantial restrictions on transfer. The Fund has no redemption rights under Fidelity Private Credit Central Fund LLC's limited liability company agreement. There will be no trading market for the units.

Based on its investment objective, Fidelity Private Credit Central Fund LLC may invest or participate in various investments or strategies that are similar to those in which the Fund may invest or participate. These strategies are consistent with the investment objectives of the Fund and may involve certain economic risks which may cause a decline in value of Fidelity Private Credit Central Fund LLC and thus a decline in the value of the Fund. Fidelity Private Credit Central Fund LLC intends to invest primarily in directly originated loans to private companies but also with liquid credit investments, like broadly syndicated loans, and other select private credit investments.

The Schedule of Investments lists Fidelity Private Credit Central Fund LLC as an investment as of period end, but does not include the underlying holdings of Fidelity Private Credit Central Fund LLC. Fidelity Private Credit Central Fund LLC represented less than 5% of the Fund's net assets at period end. The Fund indirectly bears its proportionate share of the expenses of Fidelity Private Credit Central Fund LLC. The annualized expense ratio for Fidelity Private Credit Central Fund LLC for the nine month period ended September 30, 2023 was 9.63%.

4. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Corporate bonds, bank loan obligations and preferred securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

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 service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day 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 foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, 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. Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Fidelity Private Credit Central Fund LLC is valued at its net asset value (NAV) each month end and is categorized as Level 2 in the hierarchy.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker and valuations using NAV as a practical expedient.

Asset Type	Fair Value	Valuation Technique(s)	Unobservable Input	Amount or Range/Weighted Average	Impact to Valuation from an Increase in InputA
Common Stock	$16,619,511	Market comparable Market approach Recovery value Discounted cash flow Black scholes	Enterprise value/EBITDA multiple (EV/EBITDA) Capacity multiple ($/kW) Transaction price Recovery value Discount rate Discount rate Volatility Term	2.0 - 9.0 / 4.1 $238.00 $2.92 $0.00 13.1% 5.1% - 5.4% / 5.4% 32.5% - 42.5% / 32.5% 1.3 - 2.0 / 1.3	Increase Increase Increase Increase Decrease Increase Increase Increase
Corporate Bonds	$979,941	Discounted cash flow	Yield	10.7%	Decrease
Bank Loan Obligations	$19,973,448	Market comparable Indicative market price Discounted cash flow	Enterprise value/EBITDA multiple (EV/EBITDA) Evaluated bid Yield	2.5 $77.00 - $97.00 / $92.99 8.8% - 15.8% / 12.2%	Increase Increase Decrease

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured. The Fund earns certain fees in connection with its floating rate loan purchasing activities. These fees are in addition to interest payments earned and may include amendment fees, consent fees and prepayment fees. These fees are recorded as Interest in the accompanying financial statements. The investment adviser has contractually agreed to reimburse the Fund with respect to the portion of the Fund's assets invested in Fidelity Private Credit Central Fund LLC until January 31, 2025 as presented in the Statement of Operations in payment from investment adviser.

Distributions are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Book-tax differences are primarily due to partnerships, capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$36,444,757
Gross unrealized depreciation	(85,698,566)
Net unrealized appreciation (depreciation)	$(49,253,809)
Tax Cost	$1,550,363,691

The tax-based components of distributable earnings as of period end were as follows:

Capital loss carryforward	$(112,981,250)
Net unrealized appreciation (depreciation) on securities and other investments	$(49,253,809)

Short-term	$(9,937,845)
Long-term	(103,043,405)
Total capital loss carryforward	$(112,981,250)

The tax character of distributions paid was as follows:

	September 30, 2023	September 30, 2022
Ordinary Income	$171,040,104	$144,286,030

Loans and Other Direct Debt Instruments. Direct debt instruments are interests in amounts owed to lenders by corporate or other borrowers. These instruments may be in the form of loans, trade claims or other receivables and may include standby financing commitments such as revolving credit facilities that obligate a fund to supply additional cash to the borrower on demand. Loans may be acquired through assignment, participation, or may be made directly to a borrower. Such instruments are presented in the Bank Loan Obligations section in the Schedule of Investments. Certain funds may also invest in unfunded loan commitments, which are contractual obligations for future funding. Information regarding unfunded commitments is included at the end of the Schedule of Investments, if applicable.

Commitments. A commitment is an agreement to acquire an investment at a future date (subject to conditions) in connection with a potential public or non-public offering. Commitments outstanding at period end are presented in the table below. Unrealized appreciation (depreciation) on any commitments outstanding at period end is separately presented in the Statements of Assets and Liabilities as Unrealized appreciation (depreciation) on unfunded commitments, and any change in unrealized appreciation (depreciation) on unfunded commitments during the period is separately presented in the Statement of Operations, as applicable based on contractual conditions of each commitment.

	Investment to be Acquired	Commitment Amount	Unrealized Appreciation (Depreciation)
Fidelity Floating Rate Central Fund	Fidelity Private Credit Central Fund LLC	$5,526,014	$-
Fidelity Floating Rate Central Fund	WH Borrower LLC	$2,260,000	$27,428

LIBOR Accounting Pronouncement. In March 2020, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU), ASU 2020-04, which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the London Interbank Offered Rate (LIBOR) and other IBOR-based reference rates. The temporary relief provided by ASU 2020-04 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2024. Management does not expect the adoption of ASU 2020-04 to have a material impact on the Fund's financial statements.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Floating Rate Central Fund	442,899,846	1,478,446,760

6. Fees and Other Transactions with Affiliates.

	Amount
Fidelity Floating Rate Central Fund	$19

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Floating Rate Central Fund	-	373,443	235,762

7. Security Lending.

	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 Floating Rate Central Fund	$213	$-	$-

8. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses by $6,166.

9. Other.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Fund.

10. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Central Investment Portfolios LLC and the Shareholders of Fidelity Floating Rate Central Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity Floating Rate Central Fund (the "Fund"), a fund of Fidelity Central Investment Portfolios LLC, including the schedule of investments, as of September 30, 2023, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of September 30, 2023, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of September 30, 2023, by correspondence with the custodian, brokers and agent banks; when replies were not received from brokers or agent banks, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

November 16, 2023

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Directors and Officers (Trustees and Officers)

DIRECTORS AND OFFICERS (TRUSTEES AND OFFICERS)

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-800-544-8544.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Bettina Doulton (1964)

Year of Election or Appointment: 2020

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Trustee

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2018

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2004

Member of the Advisory Board

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (April 1, 2023 to September 30, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value April 1, 2023	Ending Account Value September 30, 2023	Expenses Paid During Period- C April 1, 2023 to September 30, 2023

Fidelity® Floating Rate Central Fund	0.0014%
Actual		$ 1,000	$ 1,066.60	$ .01
Hypothetical-B		$ 1,000	$ 1,025.06	$ .01

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

A total of 0.03% of the dividends distributed during the fiscal year was derived from interest on U.S. Government securities which is generally exempt from state income tax.

The fund designates $150,038,427 of distributions paid in the calendar year 2022 as qualifying to be taxed as interest-related dividends for nonresident alien shareholders.

The fund designates $171,040,104 of distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends.

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Floating Rate Central Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Costs of the Services and Profitability. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, as well as the profitability of the funds that invest in the fund.

1.814672.118

FR1-ANN-1123

Item 2.

Code of Ethics

As of the end of the period, September 30, 2023, Fidelity Central Investment Portfolios LLC (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

Item 3.

Audit Committee Financial Expert

The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.

Item 4.

Principal Accountant Fees and Services

Fees and Services

The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Emerging Markets Equity Central Fund, Fidelity Floating Rate Central Fund, Fidelity International Equity Central Fund, and Fidelity Real Estate Equity Central Fund (the “Fund(s)”):

Services Billed by Deloitte Entities

September 30, 2023 Fees^A


	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Emerging Markets Equity Central Fund	$40,800	$-	$10,800	$1,100
Fidelity Floating Rate Central Fund	$76,300	$-	$9,700	$1,800
Fidelity International Equity Central Fund	$46,000	$-	$11,000	$1,200
Fidelity Real Estate Equity Central Fund	$38,400	$-	$8,900	$1,000

September 30, 2022 Fees^A


	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Emerging Markets Equity Central Fund	$40,200	$-	$10,300	$1,000
Fidelity Floating Rate Central Fund	$75,700	$-	$9,100	$1,700
Fidelity International Equity Central Fund	$45,300	$-	$10,300	$1,100
Fidelity Real Estate Central Fund	$37,900	$-	$8,500	$900

^AAmounts may reflect rounding.

The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):

Services Billed by Deloitte Entities


	September 30, 2023^A	September 30, 2022^A
Audit-Related Fees	$-	$-
Tax Fees	$-	$-
All Other Fees	$-	$-

^A Amounts may reflect rounding.

“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.

“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.

“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.

Assurance services must be performed by an independent public accountant.

* * *

The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:


Billed By	September 30, 2023^A	September 30, 2022^A
Deloitte Entities	$288,100	$500,500

^A Amounts may reflect rounding.

The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.

Audit Committee Pre-Approval Policies and Procedures

The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.

All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.

Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.

Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)

There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).

The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.

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 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 trust’s 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)	Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.
(a)	(2)	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.
(a)	(3)	Not applicable.
(b)		Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

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 Central Investment Portfolios LLC


By:	/s/Stacie M. Smith
	Stacie M. Smith
	President and Treasurer

Date:	November 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:	November 21, 2023


By:	/s/John J. Burke III
	John J. Burke III
	Chief Financial Officer

Date:	November 21, 2023

Exhibit EX-99.CERT

I, Stacie M. Smith, certify that:

I have reviewed this report on Form N-CSR of Fidelity Central Investment Portfolios LLC;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, 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;

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

November 21, 2023

/s/Stacie M. Smith

Stacie M. Smith

President and Treasurer

I, John J. Burke III, certify that:

I have reviewed this report on Form N-CSR of Fidelity Central Investment Portfolios LLC;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

November 21, 2023

/s/John J. Burke III

John J. Burke III

Chief Financial Officer

Exhibit EX-99.906CERT

Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)

In connection with the attached Report of Fidelity Central Investment Portfolios LLC (the “Trust”) on Form N-CSR to be filed with the Securities and Exchange Commission (the “Report”), each of the undersigned officers of the Trust does hereby certify that, to the best of such officer’s knowledge:

The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: November 21, 2023

/s/Stacie M. Smith

Stacie M. Smith

President and Treasurer

Dated: November 21, 2023

/s/John J. Burke III

John J. Burke III

Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.

Fidelity Investments

FIDELITY FUNDS’

CODE OF ETHICS

FOR PRESIDENT, TREASURER

AND PRINCIPAL ACCOUNTING OFFICER

2023

FIDELITY FUNDS’ CODE OF ETHICS FOR

PRESIDENT, TREASURER AND PRINCIPAL ACCOUNTING OFFICER

I. Purposes of the Code/Covered Officers

This document constitutes the Code of Ethics (Code) adopted by the Fidelity Funds (Funds) pursuant to Section 406 of the Sarbanes-Oxley Act of 2002. The Code applies to the Fidelity Funds’ President and Treasurer, and Chief Financial Officer (Covered Officers). Fidelity’s Ethics Office, within Enterprise Compliance, administers the Code.

The purposes of the Code are to deter wrongdoing and to promote, on the part of the Covered Officers:

honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

full, fair, accurate, timely and understandable disclosure in reports and documents that the Fidelity Funds submit to the Securities and Exchange Commission (SEC), and in other public communications by a Fidelity Fund;

compliance with applicable laws and governmental rules and regulations;

the prompt internal reporting to an appropriate person or persons identified in the Code of violations of the Code; and

accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

II.

Covered Officers Should Handle Ethically

Actual and Apparent Conflicts of Interest

Overview. A “conflict of interest” occurs when a Covered Officer’s private interest interferes with the interests of, or their service to, the Fidelity Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of their family, receives improper personal benefits as a result of their position with the Fidelity Funds.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fidelity Funds and already are subject to conflict of interest provisions in the Investment Company Act of 1940 (Investment Company Act) and the Investment Advisers Act of 1940 (Investment Advisers Act). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Fidelity Fund because of their status as “affiliated persons” of the Fund. Separate compliance programs and procedures of the Fidelity Funds, Fidelity Management & Research Company (FMR) and the other Fidelity companies are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fidelity Funds, FMR or another Fidelity company), be involved in establishing policies and implementing decisions that have different effects on the Fidelity Funds, FMR and other Fidelity companies. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) and is consistent with the performance by the Covered Officers of their duties as officers of the Fidelity Funds. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the Funds’ Board of Trustees (Board) that the Covered Officers also may be officers or employees of one or more other Fidelity Funds covered by this Code.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of a Fidelity Fund.

* * *

Each Covered Officer must:

not use their personal influence or personal relationships improperly to influence investment decisions or financial reporting by any Fidelity Fund whereby the Covered Officer would benefit personally to the detriment of any Fidelity Fund;

not cause a Fidelity Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fidelity Fund;

not engage in any outside business activity, including serving as a director or trustee, that prevents the Covered Officer from devoting appropriate time and attention to the Covered Officer’s responsibilities with the Fidelity Funds;

not have a consulting or employment relationship with any of the Fidelity Funds’ service providers that are not affiliated with Fidelity; and

not retaliate against any employee or Covered Officer for reports of actual or potential misconduct, which are made in good faith.

With respect to other fact patterns, if a Covered Officer is in doubt, other potential conflict of interest situations should be described immediately to the Fidelity Ethics Office for resolution. Similarly, any questions a Covered Officer has generally regarding the application or interpretation of the Code should be directed to the Fidelity Ethics Office immediately.

III. Disclosure and Compliance

Each Covered Officer should familiarize themself with the disclosure requirements generally applicable to the Fidelity Funds.

Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about any Fidelity Fund to others, whether within or outside Fidelity, including to the Board and auditors, and to governmental regulators and self-regulatory organizations;

Each Covered Officer should, to the extent appropriate within their area of responsibility, consult with other officers and employees of the Fidelity Funds, FMR and the Fidelity service providers, and with the Board’s Compliance Committee, with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fidelity Funds file with, or submit to, the SEC and in other public communications made by the Fidelity Funds; and

It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

IV. Reporting and Accountability

Each Covered Officer must:

upon receipt of the Code, and annually thereafter, submit to the Fidelity Ethics Office an acknowledgement stating that they have received, read, and understand the Code; and

notify the Fidelity Ethics Office promptly if they know of any violation of the Code. Failure to do so is itself a violation of this Code.

The Fidelity Ethics Office shall take all action it considers appropriate to investigate any actual or potential violations reported to it. Upon completion of the investigation, if necessary, the matter will be reviewed with senior management or other appropriate parties, and a determination will be made as to whether any action should be taken as detailed below. The Covered Officer will be informed of any action determined to be appropriate. The Fidelity Ethics Office will inform the Personal Trading Committee of all Code violations and actions taken in response. Without implied limitation, appropriate remedial, disciplinary or preventive action may include a written warning, a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law, notification of the SEC or other appropriate law enforcement authorities. Additionally, other legal remedies may be pursued.

The policies and procedures described in the Code do not create any obligations to any person or entity other than the Fidelity Funds. The Code is intended solely for the internal use by the Fidelity Funds and does not constitute a promise, contract or an admission by or on behalf of any Fidelity Fund as to any fact, circumstance, or legal conclusion. The Fidelity Funds, the Fidelity companies and the Fidelity Head of Ethics retain the discretion to decide whether the Code applies to a specific situation, and how it should be interpreted.

V. Oversight

Material violations of this Code will be reported promptly by FMR (or another Fidelity company) to the Board’s Compliance Committee. In addition, at least once each year, FMR (or another Fidelity company) will provide a written report to the Board, which describes any issues arising under the Code since the last report to the Board, including, but not limited to, information about material violations of the Code and action taken in response to the material violations.

VI. Other Policies and Procedures

This Code shall be the sole code of ethics adopted by the Fidelity Funds for purposes of Section 406 of the Sarbanes-Oxley Act. Other Fidelity policies or procedures that cover the behavior or activities of Covered Officers are separate requirements applying to the Covered Officers (and others) and are not part of this Code.

VII. Amendments

Any material amendments or changes to this Code must be approved or ratified by a majority vote of the Board, including a majority of the Trustees who are not interested persons of the Fidelity Funds.

VIII. Records and Confidentiality

Records of any violation of the Code and of the actions taken as a result of such violations will be kept by the Fidelity Ethics Office. All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Fidelity Ethics Office, the Personal Trading Committee, the Board, appropriate personnel at the relevant Fidelity company or companies and the legal counsel of any or all of the foregoing.

2023