UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-215
Fidelity Hastings Street Trust
(Exact name of registrant as specified in charter)
82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
82 Devonshire St.
Boston, Massachusetts 02109
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-563-7000
Date of fiscal year end: |
June 30 |
|
|
Date of reporting period: |
March 31, 2011 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity ® Fund
Fidelity Fund
Class K
March 31, 2011
1.799854.107
FID-QTLY-0511
Showing Percentage of Net Assets
Common Stocks - 98.3% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 7.5% |
|||
Automobiles - 0.4% |
|||
Bayerische Motoren Werke AG (BMW) |
169,240 |
$ 14,086 |
|
Fiat SpA |
1,152,600 |
10,434 |
|
|
24,520 |
||
Hotels, Restaurants & Leisure - 0.9% |
|||
Starbucks Corp. |
1,444,900 |
53,389 |
|
Household Durables - 0.2% |
|||
PulteGroup, Inc. (a) |
1,854,500 |
13,723 |
|
Media - 2.1% |
|||
The Walt Disney Co. |
2,885,100 |
124,319 |
|
Specialty Retail - 1.7% |
|||
Lowe's Companies, Inc. |
1,814,100 |
47,947 |
|
Tiffany & Co., Inc. |
426,800 |
26,223 |
|
TJX Companies, Inc. |
534,400 |
26,576 |
|
|
100,746 |
||
Textiles, Apparel & Luxury Goods - 2.2% |
|||
Polo Ralph Lauren Corp. Class A |
1,061,973 |
131,313 |
|
TOTAL CONSUMER DISCRETIONARY |
448,010 |
||
CONSUMER STAPLES - 8.7% |
|||
Beverages - 2.8% |
|||
Dr Pepper Snapple Group, Inc. |
957,600 |
35,584 |
|
Grupo Modelo SAB de CV Series C |
5,021,100 |
30,020 |
|
The Coca-Cola Co. |
1,516,300 |
100,607 |
|
|
166,211 |
||
Food & Staples Retailing - 1.3% |
|||
Droga Raia SA |
255,000 |
3,983 |
|
Walgreen Co. |
1,842,500 |
73,958 |
|
|
77,941 |
||
Food Products - 1.0% |
|||
Archer Daniels Midland Co. |
1,653,700 |
59,550 |
|
Personal Products - 0.9% |
|||
Herbalife Ltd. |
645,700 |
52,534 |
|
Tobacco - 2.7% |
|||
British American Tobacco PLC (United Kingdom) |
382,100 |
15,316 |
|
Imperial Tobacco Group PLC |
467,954 |
14,460 |
|
Japan Tobacco, Inc. |
3,417 |
12,347 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER STAPLES - continued |
|||
Tobacco - continued |
|||
Lorillard, Inc. |
163,200 |
$ 15,506 |
|
Philip Morris International, Inc. |
1,589,100 |
104,293 |
|
|
161,922 |
||
TOTAL CONSUMER STAPLES |
518,158 |
||
ENERGY - 16.3% |
|||
Energy Equipment & Services - 3.1% |
|||
Halliburton Co. |
1,318,900 |
65,734 |
|
National Oilwell Varco, Inc. |
1,003,500 |
79,547 |
|
Saipem SpA |
291,530 |
15,491 |
|
Transocean Ltd. (a) |
262,700 |
20,477 |
|
|
181,249 |
||
Oil, Gas & Consumable Fuels - 13.2% |
|||
Anadarko Petroleum Corp. |
482,700 |
39,543 |
|
Apache Corp. |
393,600 |
51,530 |
|
Chevron Corp. |
1,566,500 |
168,289 |
|
EV Energy Partners LP |
287,900 |
15,469 |
|
Exxon Mobil Corp. |
1,537,100 |
129,316 |
|
Gulfport Energy Corp. (a) |
616,300 |
22,279 |
|
Marathon Oil Corp. |
668,800 |
35,654 |
|
Occidental Petroleum Corp. |
1,302,300 |
136,077 |
|
Royal Dutch Shell PLC Class B sponsored ADR |
851,400 |
62,357 |
|
Southern Union Co. |
973,400 |
27,859 |
|
Valero Energy Corp. |
1,788,100 |
53,321 |
|
Williams Companies, Inc. |
1,459,700 |
45,513 |
|
|
787,207 |
||
TOTAL ENERGY |
968,456 |
||
FINANCIALS - 15.3% |
|||
Capital Markets - 1.4% |
|||
Morgan Stanley |
1,581,400 |
43,204 |
|
T. Rowe Price Group, Inc. |
588,200 |
39,068 |
|
|
82,272 |
||
Commercial Banks - 6.3% |
|||
Comerica, Inc. |
1,099,900 |
40,388 |
|
HDFC Bank Ltd. sponsored ADR |
60,500 |
10,281 |
|
KeyCorp |
2,814,600 |
24,994 |
|
M&T Bank Corp. |
326,000 |
28,841 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
FINANCIALS - continued |
|||
Commercial Banks - continued |
|||
Regions Financial Corp. |
4,168,600 |
$ 30,264 |
|
SunTrust Banks, Inc. |
1,610,800 |
46,455 |
|
Webster Financial Corp. |
292,800 |
6,275 |
|
Wells Fargo & Co. |
4,961,100 |
157,267 |
|
Zions Bancorporation |
1,289,051 |
29,726 |
|
|
374,491 |
||
Consumer Finance - 0.8% |
|||
American Express Co. |
1,139,092 |
51,487 |
|
Diversified Financial Services - 5.3% |
|||
Bank of America Corp. |
3,515,200 |
46,858 |
|
Citigroup, Inc. (a) |
31,240,300 |
138,082 |
|
JPMorgan Chase & Co. |
2,801,300 |
129,140 |
|
|
314,080 |
||
Real Estate Investment Trusts - 1.1% |
|||
ProLogis Trust |
1,169,965 |
18,696 |
|
Weyerhaeuser Co. |
1,823,831 |
44,866 |
|
|
63,562 |
||
Real Estate Management & Development - 0.4% |
|||
The St. Joe Co. (a)(d) |
870,731 |
21,829 |
|
TOTAL FINANCIALS |
907,721 |
||
HEALTH CARE - 8.1% |
|||
Biotechnology - 1.8% |
|||
Acorda Therapeutics, Inc. (a) |
462,637 |
10,733 |
|
Biogen Idec, Inc. (a) |
527,600 |
38,721 |
|
Incyte Corp. (a)(d) |
523,900 |
8,304 |
|
Theravance, Inc. (a) |
727,100 |
17,610 |
|
Vertex Pharmaceuticals, Inc. (a) |
701,300 |
33,613 |
|
|
108,981 |
||
Health Care Equipment & Supplies - 1.8% |
|||
C. R. Bard, Inc. |
281,000 |
27,906 |
|
Covidien PLC |
1,062,400 |
55,181 |
|
William Demant Holding AS (a) |
252,800 |
21,883 |
|
|
104,970 |
||
Health Care Providers & Services - 0.8% |
|||
McKesson Corp. |
618,400 |
48,885 |
|
Life Sciences Tools & Services - 1.3% |
|||
Agilent Technologies, Inc. (a) |
709,700 |
31,780 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
HEALTH CARE - continued |
|||
Life Sciences Tools & Services - continued |
|||
Covance, Inc. (a) |
341,200 |
$ 18,670 |
|
QIAGEN NV (a) |
1,247,200 |
25,006 |
|
|
75,456 |
||
Pharmaceuticals - 2.4% |
|||
Auxilium Pharmaceuticals, Inc. (a)(d) |
362,322 |
7,779 |
|
Elan Corp. PLC sponsored ADR (a) |
2,959,296 |
20,360 |
|
Novo Nordisk AS Series B sponsored ADR |
305,100 |
38,208 |
|
Perrigo Co. |
604,000 |
48,030 |
|
Shire PLC |
1,103,700 |
32,026 |
|
|
146,403 |
||
TOTAL HEALTH CARE |
484,695 |
||
INDUSTRIALS - 13.8% |
|||
Aerospace & Defense - 2.1% |
|||
Goodrich Corp. |
485,800 |
41,550 |
|
Precision Castparts Corp. |
347,900 |
51,204 |
|
Textron, Inc. |
1,256,900 |
34,426 |
|
|
127,180 |
||
Building Products - 0.5% |
|||
Armstrong World Industries, Inc. |
591,400 |
27,364 |
|
Construction & Engineering - 0.8% |
|||
Fluor Corp. |
612,200 |
45,095 |
|
Electrical Equipment - 1.7% |
|||
Cooper Industries PLC Class A |
577,700 |
37,493 |
|
Polypore International, Inc. (a) |
384,800 |
22,157 |
|
Regal-Beloit Corp. |
531,500 |
39,241 |
|
|
98,891 |
||
Industrial Conglomerates - 1.3% |
|||
General Electric Co. |
4,026,600 |
80,733 |
|
Machinery - 3.7% |
|||
Caterpillar, Inc. |
579,600 |
64,538 |
|
Danaher Corp. |
790,900 |
41,048 |
|
Fiat Industrial SpA (a) |
1,152,600 |
16,541 |
|
Ingersoll-Rand Co. Ltd. |
1,282,800 |
61,972 |
|
Pall Corp. |
608,200 |
35,038 |
|
|
219,137 |
||
Professional Services - 0.3% |
|||
IHS, Inc. Class A (a) |
212,400 |
18,851 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Road & Rail - 3.4% |
|||
CSX Corp. |
932,500 |
$ 73,295 |
|
Union Pacific Corp. |
1,327,900 |
130,572 |
|
|
203,867 |
||
TOTAL INDUSTRIALS |
821,118 |
||
INFORMATION TECHNOLOGY - 21.2% |
|||
Communications Equipment - 4.3% |
|||
Alcatel-Lucent SA sponsored ADR (a)(d) |
11,216,800 |
65,170 |
|
HTC Corp. |
1,042,000 |
40,752 |
|
Juniper Networks, Inc. (a) |
1,144,100 |
48,144 |
|
QUALCOMM, Inc. |
1,863,700 |
102,187 |
|
|
256,253 |
||
Computers & Peripherals - 4.0% |
|||
Apple, Inc. (a) |
692,900 |
241,439 |
|
Electronic Equipment & Components - 2.3% |
|||
Amphenol Corp. Class A |
2,133,638 |
116,049 |
|
Arrow Electronics, Inc. (a) |
448,200 |
18,771 |
|
|
134,820 |
||
Internet Software & Services - 4.9% |
|||
Baidu.com, Inc. sponsored ADR (a) |
478,300 |
65,915 |
|
eBay, Inc. (a) |
3,574,900 |
110,965 |
|
Facebook, Inc. Class B (a) |
222,828 |
5,571 |
|
Google, Inc. Class A (a) |
157,800 |
92,504 |
|
TelecityGroup PLC (a) |
1,978,700 |
16,135 |
|
|
291,090 |
||
IT Services - 0.6% |
|||
Cognizant Technology Solutions Corp. Class A (a) |
239,400 |
19,487 |
|
Fidelity National Information Services, Inc. |
478,100 |
15,629 |
|
|
35,116 |
||
Semiconductors & Semiconductor Equipment - 1.5% |
|||
GT Solar International, Inc. (a)(d) |
3,081,900 |
32,853 |
|
Lam Research Corp. (a) |
266,700 |
15,111 |
|
Manz Automation AG (a)(d) |
199,400 |
14,265 |
|
Samsung Electronics Co. Ltd. |
31,331 |
26,631 |
|
|
88,860 |
||
Software - 3.6% |
|||
Check Point Software Technologies Ltd. (a) |
356,200 |
18,184 |
|
Citrix Systems, Inc. (a) |
400,100 |
29,391 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
CommVault Systems, Inc. (a) |
201,743 |
$ 8,046 |
|
Oracle Corp. |
2,737,100 |
91,337 |
|
Rovi Corp. (a) |
303,300 |
16,272 |
|
Solera Holdings, Inc. |
614,881 |
31,420 |
|
VMware, Inc. Class A (a) |
217,700 |
17,751 |
|
|
212,401 |
||
TOTAL INFORMATION TECHNOLOGY |
1,259,979 |
||
MATERIALS - 6.6% |
|||
Chemicals - 2.3% |
|||
LyondellBasell Industries NV Class A (a) |
1,535,279 |
60,720 |
|
Solutia, Inc. (a) |
1,914,143 |
48,619 |
|
W.R. Grace & Co. (a) |
701,600 |
26,864 |
|
|
136,203 |
||
Containers & Packaging - 0.1% |
|||
Greatview Aseptic Pack Co. Ltd. |
11,139,000 |
7,146 |
|
Metals & Mining - 4.2% |
|||
Anglo American PLC (United Kingdom) |
346,500 |
17,820 |
|
Gerdau SA sponsored ADR (d) |
2,329,700 |
29,121 |
|
Goldcorp, Inc. |
723,000 |
36,042 |
|
Newcrest Mining Ltd. |
1,470,132 |
60,546 |
|
United States Steel Corp. |
731,000 |
39,430 |
|
Walter Energy, Inc. |
483,400 |
65,467 |
|
|
248,426 |
||
TOTAL MATERIALS |
391,775 |
||
TELECOMMUNICATION SERVICES - 0.5% |
|||
Wireless Telecommunication Services - 0.5% |
|||
Sprint Nextel Corp. (a) |
6,594,600 |
30,599 |
|
UTILITIES - 0.3% |
|||
Electric Utilities - 0.3% |
|||
NextEra Energy, Inc. |
272,900 |
15,042 |
|
TOTAL COMMON STOCKS (Cost $4,753,410) |
5,845,553 |
||
Nonconvertible Preferred Stocks - 0.5% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 0.5% |
|||
Automobiles - 0.5% |
|||
Volkswagen AG (Cost $25,054) |
178,000 |
$ 28,860 |
|
Money Market Funds - 2.9% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.16% (b) |
80,759,396 |
80,759 |
|
Fidelity Securities Lending Cash Central Fund, 0.18% (b)(c) |
91,239,148 |
91,239 |
|
TOTAL MONEY MARKET FUNDS (Cost $171,998) |
171,998 |
||
TOTAL INVESTMENT PORTFOLIO - 101.7% (Cost $4,950,462) |
6,046,411 |
||
NET OTHER ASSETS (LIABILITIES) - (1.7)% |
(101,056) |
||
NET ASSETS - 100% |
$ 5,945,355 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund |
Income earned |
Fidelity Cash Central Fund |
$ 229 |
Fidelity Securities Lending Cash Central Fund |
229 |
Total |
$ 458 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2011, 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 in the tables below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 476,870 |
$ 476,870 |
$ - |
$ - |
Consumer Staples |
518,158 |
502,842 |
15,316 |
- |
Energy |
968,456 |
968,456 |
- |
- |
Financials |
907,721 |
907,721 |
- |
- |
Health Care |
484,695 |
452,669 |
32,026 |
- |
Industrials |
821,118 |
821,118 |
- |
- |
Information Technology |
1,259,979 |
1,254,408 |
- |
5,571 |
Materials |
391,775 |
391,775 |
- |
- |
Telecommunication Services |
30,599 |
30,599 |
- |
- |
Utilities |
15,042 |
15,042 |
- |
- |
Money Market Funds |
171,998 |
171,998 |
- |
- |
Total Investments in Securities: |
$ 6,046,411 |
$ 5,993,498 |
$ 47,342 |
$ 5,571 |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
(Amounts in thousands) |
|
Investments in Securities: |
|
Beginning Balance |
$ - |
Total Realized Gain (Loss) |
- |
Total Unrealized Gain (Loss) |
- |
Cost of Purchases |
5,571 |
Proceeds of Sales |
- |
Amortization/Accretion |
- |
Transfers in to Level 3 |
- |
Transfers out of Level 3 |
- |
Ending Balance |
$ 5,571 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2011 |
$ - |
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. 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. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. |
Income Tax Information |
At March 31, 2011, the cost of investment securities for income tax purposes was $4,975,110,000. Net unrealized appreciation aggregated $1,071,301,000, of which $1,169,238,000 related to appreciated investment securities and $97,937,000 related to depreciated investment securities. |
Investment Valuation |
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows: |
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent 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 significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy. |
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. |
For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity Fifty®
March 31, 2011
1.799847.107
FIF-QTLY-0511
Showing Percentage of Net Assets
Common Stocks - 98.6% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 14.2% |
|||
Automobiles - 0.9% |
|||
Bayerische Motoren Werke AG (BMW) |
92,000 |
$ 7,656,993 |
|
Diversified Consumer Services - 0.1% |
|||
Weight Watchers International, Inc. |
9,700 |
679,970 |
|
Hotels, Restaurants & Leisure - 4.0% |
|||
Starbucks Corp. |
764,300 |
28,240,885 |
|
Yum! Brands, Inc. |
92,300 |
4,742,374 |
|
|
32,983,259 |
||
Household Durables - 0.9% |
|||
iRobot Corp. (a) |
232,813 |
7,657,220 |
|
Media - 3.0% |
|||
Sirius XM Radio, Inc. (a)(d) |
5,200,000 |
8,632,000 |
|
The Walt Disney Co. |
387,161 |
16,682,767 |
|
|
25,314,767 |
||
Specialty Retail - 3.1% |
|||
DSW, Inc. Class A (a) |
150,000 |
5,994,000 |
|
TJX Companies, Inc. |
400,000 |
19,892,000 |
|
|
25,886,000 |
||
Textiles, Apparel & Luxury Goods - 2.2% |
|||
Deckers Outdoor Corp. (a) |
68,000 |
5,858,200 |
|
Fossil, Inc. (a) |
129,000 |
12,080,850 |
|
|
17,939,050 |
||
TOTAL CONSUMER DISCRETIONARY |
118,117,259 |
||
CONSUMER STAPLES - 4.7% |
|||
Personal Products - 4.7% |
|||
Estee Lauder Companies, Inc. Class A |
401,000 |
38,640,359 |
|
ENERGY - 18.7% |
|||
Energy Equipment & Services - 4.5% |
|||
Ensco International Ltd. ADR |
300,200 |
17,363,568 |
|
Key Energy Services, Inc. (a) |
645,000 |
10,029,750 |
|
Noble Corp. |
213,000 |
9,717,060 |
|
|
37,110,378 |
||
Oil, Gas & Consumable Fuels - 14.2% |
|||
Brigham Exploration Co. (a) |
324,000 |
12,046,320 |
|
Chevron Corp. |
260,861 |
28,024,297 |
|
Exxon Mobil Corp. |
391,859 |
32,967,098 |
|
Keyera Corp. |
425,000 |
17,233,165 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
ENERGY - continued |
|||
Oil, Gas & Consumable Fuels - continued |
|||
Marathon Oil Corp. |
241,000 |
$ 12,847,710 |
|
Pioneer Natural Resources Co. |
143,000 |
14,574,560 |
|
|
117,693,150 |
||
TOTAL ENERGY |
154,803,528 |
||
FINANCIALS - 12.7% |
|||
Capital Markets - 2.4% |
|||
Affiliated Managers Group, Inc. (a) |
185,000 |
20,233,450 |
|
Commercial Banks - 3.8% |
|||
SVB Financial Group (a) |
274,700 |
15,638,671 |
|
The Toronto-Dominion Bank |
182,000 |
16,103,537 |
|
|
31,742,208 |
||
Diversified Financial Services - 1.7% |
|||
JPMorgan Chase & Co. |
302,209 |
13,931,835 |
|
Insurance - 3.5% |
|||
Lincoln National Corp. |
957,470 |
28,762,399 |
|
Real Estate Investment Trusts - 1.3% |
|||
Equity Residential (SBI) |
191,000 |
10,774,310 |
|
TOTAL FINANCIALS |
105,444,202 |
||
HEALTH CARE - 17.7% |
|||
Health Care Equipment & Supplies - 3.0% |
|||
Edwards Lifesciences Corp. (a) |
227,000 |
19,749,000 |
|
Mako Surgical Corp. (a) |
230,000 |
5,566,000 |
|
|
25,315,000 |
||
Health Care Providers & Services - 2.1% |
|||
McKesson Corp. |
220,400 |
17,422,620 |
|
Life Sciences Tools & Services - 2.1% |
|||
Agilent Technologies, Inc. (a) |
105,000 |
4,701,900 |
|
Illumina, Inc. (a)(d) |
179,000 |
12,542,530 |
|
|
17,244,430 |
||
Pharmaceuticals - 10.5% |
|||
Novo Nordisk AS Series B |
250,000 |
31,383,717 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - continued |
|||
Pharmaceuticals - continued |
|||
Perrigo Co. |
260,000 |
$ 20,675,200 |
|
Valeant Pharmaceuticals International, Inc. (Canada) |
700,000 |
34,938,641 |
|
|
86,997,558 |
||
TOTAL HEALTH CARE |
146,979,608 |
||
INDUSTRIALS - 8.0% |
|||
Industrial Conglomerates - 2.3% |
|||
General Electric Co. |
959,600 |
19,239,980 |
|
Machinery - 1.2% |
|||
Greenbrier Companies, Inc. (a) |
363,000 |
10,301,940 |
|
Road & Rail - 4.5% |
|||
CSX Corp. |
248,000 |
19,492,800 |
|
Union Pacific Corp. |
178,000 |
17,502,740 |
|
|
36,995,540 |
||
TOTAL INDUSTRIALS |
66,537,460 |
||
INFORMATION TECHNOLOGY - 21.7% |
|||
Communications Equipment - 5.7% |
|||
Alcatel-Lucent SA sponsored ADR (a)(d) |
6,475,000 |
37,619,750 |
|
Juniper Networks, Inc. (a) |
53,000 |
2,230,240 |
|
QUALCOMM, Inc. |
139,191 |
7,631,843 |
|
|
47,481,833 |
||
Computers & Peripherals - 3.0% |
|||
Apple, Inc. (a) |
70,726 |
24,644,475 |
|
Internet Software & Services - 3.6% |
|||
eBay, Inc. (a) |
965,673 |
29,974,490 |
|
Semiconductors & Semiconductor Equipment - 4.9% |
|||
Avago Technologies Ltd. |
173,000 |
5,380,300 |
|
Skyworks Solutions, Inc. (a) |
551,000 |
17,863,420 |
|
Teradyne, Inc. (a) |
985,000 |
17,542,850 |
|
|
40,786,570 |
||
Software - 4.5% |
|||
Informatica Corp. (a) |
363,000 |
18,959,490 |
|
Intuit, Inc. (a) |
345,700 |
18,356,670 |
|
|
37,316,160 |
||
TOTAL INFORMATION TECHNOLOGY |
180,203,528 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
UTILITIES - 0.9% |
|||
Electric Utilities - 0.9% |
|||
Southern Co. |
188,000 |
$ 7,164,680 |
|
TOTAL COMMON STOCKS (Cost $754,681,748) |
817,890,624 |
||
Money Market Funds - 4.3% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.16% (b) |
12,925,412 |
12,925,412 |
|
Fidelity Securities Lending Cash Central Fund, 0.18% (b)(c) |
22,686,500 |
22,686,500 |
|
TOTAL MONEY MARKET FUNDS (Cost $35,611,912) |
35,611,912 |
||
TOTAL INVESTMENT PORTFOLIO - 102.9% (Cost $790,293,660) |
853,502,536 |
||
NET OTHER ASSETS (LIABILITIES) - (2.9)% |
(24,215,169) |
||
NET ASSETS - 100% |
$ 829,287,367 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund |
Income earned |
Fidelity Cash Central Fund |
$ 34,191 |
Fidelity Securities Lending Cash Central Fund |
13,605 |
Total |
$ 47,796 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2011, 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 in the tables below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 118,117,259 |
$ 118,117,259 |
$ - |
$ - |
Consumer Staples |
38,640,359 |
38,640,359 |
- |
- |
Energy |
154,803,528 |
154,803,528 |
- |
- |
Financials |
105,444,202 |
105,444,202 |
- |
- |
Health Care |
146,979,608 |
115,595,891 |
31,383,717 |
- |
Industrials |
66,537,460 |
66,537,460 |
- |
- |
Information Technology |
180,203,528 |
180,203,528 |
- |
- |
Utilities |
7,164,680 |
7,164,680 |
- |
- |
Money Market Funds |
35,611,912 |
35,611,912 |
- |
- |
Total Investments in Securities: |
$ 853,502,536 |
$ 822,118,819 |
$ 31,383,717 |
$ - |
The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value: |
Investments in Securities: |
|
Beginning Balance |
$ 2,562,300 |
Total Realized Gain (Loss) |
(485,017) |
Total Unrealized Gain (Loss) |
121,001 |
Cost of Purchases |
- |
Proceeds of Sales |
(2,198,284) |
Amortization/Accretion |
- |
Transfers in to Level 3 |
- |
Transfers out of Level 3 |
- |
Ending Balance |
$ - |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2011 |
$ - |
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. 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. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. |
Income Tax Information |
At March 31, 2011, the cost of investment securities for income tax purposes was $791,551,359. Net unrealized appreciation aggregated $61,951,177, of which $65,491,568 related to appreciated investment securities and $3,540,391 related to depreciated investment securities. |
Investment Valuation |
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows. |
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent 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 significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy. |
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. |
For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Growth Discovery Fund
March 31, 2011
1.799853.107
CII-QTLY-0511
Showing Percentage of Net Assets
Common Stocks - 98.2% |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - 13.2% |
|||
Auto Components - 0.6% |
|||
Gentex Corp. |
211,679 |
$ 6,403 |
|
Automobiles - 1.6% |
|||
Bayerische Motoren Werke AG (BMW) |
75,658 |
6,297 |
|
Harley-Davidson, Inc. |
162,694 |
6,913 |
|
Tesla Motors, Inc. (a)(d) |
121,592 |
3,368 |
|
|
16,578 |
||
Diversified Consumer Services - 0.4% |
|||
Anhanguera Educacional Participacoes SA |
15,400 |
377 |
|
Weight Watchers International, Inc. |
50,100 |
3,512 |
|
|
3,889 |
||
Hotels, Restaurants & Leisure - 3.1% |
|||
China Lodging Group Ltd. ADR (d) |
42,536 |
744 |
|
Chipotle Mexican Grill, Inc. (a) |
4,107 |
1,119 |
|
Home Inns & Hotels Management, Inc. sponsored ADR (a)(d) |
14,492 |
573 |
|
Marriott International, Inc. Class A |
125,215 |
4,455 |
|
McDonald's Corp. |
169,200 |
12,874 |
|
Starbucks Corp. |
245,726 |
9,080 |
|
Starwood Hotels & Resorts Worldwide, Inc. |
68,645 |
3,990 |
|
|
32,835 |
||
Household Durables - 0.1% |
|||
Mohawk Industries, Inc. (a) |
17,362 |
1,062 |
|
Internet & Catalog Retail - 1.4% |
|||
Amazon.com, Inc. (a) |
80,027 |
14,415 |
|
Media - 0.4% |
|||
Discovery Communications, Inc. Class C (a) |
108,550 |
3,822 |
|
Sun TV Ltd. |
73,968 |
746 |
|
|
4,568 |
||
Multiline Retail - 1.4% |
|||
Dollarama, Inc. (a) |
162,690 |
4,986 |
|
Dollarama, Inc. (a)(e) |
25,900 |
794 |
|
Target Corp. |
181,750 |
9,089 |
|
|
14,869 |
||
Specialty Retail - 2.6% |
|||
Lowe's Companies, Inc. |
302,055 |
7,983 |
|
Ross Stores, Inc. |
74,433 |
5,294 |
|
TJX Companies, Inc. |
93,309 |
4,640 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
CONSUMER DISCRETIONARY - continued |
|||
Specialty Retail - continued |
|||
Ulta Salon, Cosmetics & Fragrance, Inc. (a) |
91,669 |
$ 4,412 |
|
Vitamin Shoppe, Inc. (a) |
146,505 |
4,956 |
|
|
27,285 |
||
Textiles, Apparel & Luxury Goods - 1.6% |
|||
Arezzo Industria E Comercio SA |
4,000 |
56 |
|
Coach, Inc. |
45,454 |
2,365 |
|
lululemon athletica, Inc. (a) |
44,155 |
3,932 |
|
LVMH Moet Hennessy - Louis Vuitton |
7,374 |
1,167 |
|
Polo Ralph Lauren Corp. Class A |
78,468 |
9,703 |
|
|
17,223 |
||
TOTAL CONSUMER DISCRETIONARY |
139,127 |
||
CONSUMER STAPLES - 3.0% |
|||
Beverages - 0.7% |
|||
The Coca-Cola Co. |
109,000 |
7,232 |
|
Food & Staples Retailing - 1.3% |
|||
Costco Wholesale Corp. |
18,300 |
1,342 |
|
Droga Raia SA |
41,000 |
640 |
|
Drogasil SA |
64,600 |
505 |
|
Walgreen Co. |
182,676 |
7,333 |
|
Whole Foods Market, Inc. |
59,724 |
3,936 |
|
|
13,756 |
||
Food Products - 0.3% |
|||
Mead Johnson Nutrition Co. Class A |
55,631 |
3,223 |
|
Personal Products - 0.7% |
|||
Estee Lauder Companies, Inc. Class A |
11,534 |
1,111 |
|
Herbalife Ltd. |
75,392 |
6,134 |
|
|
7,245 |
||
TOTAL CONSUMER STAPLES |
31,456 |
||
ENERGY - 14.3% |
|||
Energy Equipment & Services - 7.4% |
|||
Aker Solutions ASA |
135,281 |
3,108 |
|
Baker Hughes, Inc. |
227,910 |
16,735 |
|
Dresser-Rand Group, Inc. (a) |
67,000 |
3,593 |
|
Halliburton Co. |
469,123 |
23,381 |
|
National Oilwell Varco, Inc. |
21,000 |
1,665 |
|
Oceaneering International, Inc. (a) |
83,478 |
7,467 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
ENERGY - continued |
|||
Energy Equipment & Services - continued |
|||
Oil States International, Inc. (a) |
21,100 |
$ 1,607 |
|
Schlumberger Ltd. |
146,301 |
13,644 |
|
Transocean Ltd. (a) |
76,691 |
5,978 |
|
Vantage Drilling Co. (a) |
246,600 |
444 |
|
|
77,622 |
||
Oil, Gas & Consumable Fuels - 6.9% |
|||
Anadarko Petroleum Corp. |
39,181 |
3,210 |
|
Apache Corp. |
8,600 |
1,126 |
|
Concho Resources, Inc. (a) |
34,621 |
3,715 |
|
Denbury Resources, Inc. (a) |
44,000 |
1,074 |
|
Extract Resources Ltd. (a) |
111,088 |
908 |
|
Exxon Mobil Corp. |
420,837 |
35,405 |
|
Occidental Petroleum Corp. |
142,527 |
14,893 |
|
Pioneer Natural Resources Co. |
18,500 |
1,886 |
|
Whiting Petroleum Corp. (a) |
137,801 |
10,121 |
|
|
72,338 |
||
TOTAL ENERGY |
149,960 |
||
FINANCIALS - 6.1% |
|||
Capital Markets - 2.7% |
|||
BlackRock, Inc. Class A |
44,991 |
9,044 |
|
Charles Schwab Corp. |
210,951 |
3,803 |
|
Invesco Ltd. |
285,921 |
7,308 |
|
JMP Group, Inc. |
30,900 |
266 |
|
Noah Holdings Ltd. ADR (d) |
160,550 |
2,349 |
|
T. Rowe Price Group, Inc. |
31,800 |
2,112 |
|
The Blackstone Group LP |
209,100 |
3,739 |
|
|
28,621 |
||
Commercial Banks - 1.6% |
|||
M&T Bank Corp. |
22,270 |
1,970 |
|
Wells Fargo & Co. |
480,173 |
15,221 |
|
|
17,191 |
||
Consumer Finance - 0.1% |
|||
Shriram Transport Finance Co. Ltd. |
69,038 |
1,234 |
|
Diversified Financial Services - 1.4% |
|||
CME Group, Inc. |
15,858 |
4,782 |
|
JPMorgan Chase & Co. |
207,700 |
9,575 |
|
|
14,357 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
FINANCIALS - continued |
|||
Real Estate Management & Development - 0.3% |
|||
CB Richard Ellis Group, Inc. Class A (a) |
107,700 |
$ 2,876 |
|
TOTAL FINANCIALS |
64,279 |
||
HEALTH CARE - 9.9% |
|||
Biotechnology - 2.4% |
|||
Acorda Therapeutics, Inc. (a) |
92,729 |
2,151 |
|
Alexion Pharmaceuticals, Inc. (a) |
48,090 |
4,746 |
|
Human Genome Sciences, Inc. (a) |
81,900 |
2,248 |
|
Incyte Corp. (a)(d) |
185,937 |
2,947 |
|
United Therapeutics Corp. (a) |
191,002 |
12,801 |
|
|
24,893 |
||
Health Care Equipment & Supplies - 0.4% |
|||
Edwards Lifesciences Corp. (a) |
46,338 |
4,031 |
|
Health Care Providers & Services - 1.2% |
|||
Express Scripts, Inc. (a) |
140,832 |
7,832 |
|
HMS Holdings Corp. (a) |
16,000 |
1,310 |
|
Medco Health Solutions, Inc. (a) |
54,247 |
3,047 |
|
|
12,189 |
||
Life Sciences Tools & Services - 1.7% |
|||
Agilent Technologies, Inc. (a) |
159,570 |
7,146 |
|
Illumina, Inc. (a) |
152,752 |
10,703 |
|
Sequenom, Inc. (a) |
19,572 |
124 |
|
|
17,973 |
||
Pharmaceuticals - 4.2% |
|||
Aegerion Pharmaceuticals, Inc. |
25,100 |
416 |
|
Novo Nordisk AS Series B |
128,055 |
16,075 |
|
Perrigo Co. |
114,100 |
9,073 |
|
Valeant Pharmaceuticals International, Inc. (Canada) |
381,625 |
19,048 |
|
|
44,612 |
||
TOTAL HEALTH CARE |
103,698 |
||
INDUSTRIALS - 16.4% |
|||
Aerospace & Defense - 7.1% |
|||
Esterline Technologies Corp. (a) |
101,651 |
7,189 |
|
Goodrich Corp. |
131,221 |
11,223 |
|
Honeywell International, Inc. |
165,019 |
9,853 |
|
Precision Castparts Corp. |
67,153 |
9,884 |
|
Textron, Inc. |
200,600 |
5,494 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Aerospace & Defense - continued |
|||
TransDigm Group, Inc. (a) |
31,958 |
$ 2,679 |
|
United Technologies Corp. |
339,630 |
28,750 |
|
|
75,072 |
||
Air Freight & Logistics - 0.2% |
|||
C.H. Robinson Worldwide, Inc. |
27,100 |
2,009 |
|
Airlines - 0.1% |
|||
Ryanair Holdings PLC sponsored ADR |
28,200 |
784 |
|
Building Products - 0.3% |
|||
A.O. Smith Corp. |
36,750 |
1,629 |
|
Lennox International, Inc. |
30,978 |
1,629 |
|
|
3,258 |
||
Commercial Services & Supplies - 0.1% |
|||
Waste Connections, Inc. |
55,750 |
1,605 |
|
Construction & Engineering - 0.5% |
|||
Jacobs Engineering Group, Inc. (a) |
97,831 |
5,031 |
|
Electrical Equipment - 2.5% |
|||
Acuity Brands, Inc. |
53,866 |
3,151 |
|
AMETEK, Inc. |
32,265 |
1,415 |
|
Cooper Industries PLC Class A |
77,000 |
4,997 |
|
Crompton Greaves Ltd. |
147,227 |
901 |
|
Emerson Electric Co. |
187,400 |
10,950 |
|
Polypore International, Inc. (a) |
58,685 |
3,379 |
|
Regal-Beloit Corp. |
26,400 |
1,949 |
|
|
26,742 |
||
Industrial Conglomerates - 0.7% |
|||
3M Co. |
73,663 |
6,887 |
|
Machinery - 3.8% |
|||
CLARCOR, Inc. |
23,000 |
1,033 |
|
Cummins, Inc. |
65,400 |
7,169 |
|
Danaher Corp. |
162,800 |
8,449 |
|
Flowserve Corp. |
16,800 |
2,164 |
|
Ingersoll-Rand Co. Ltd. |
59,523 |
2,876 |
|
WABCO Holdings, Inc. (a) |
248,031 |
15,289 |
|
Weg SA |
225,900 |
2,975 |
|
|
39,955 |
||
Professional Services - 0.6% |
|||
51job, Inc. sponsored ADR (a) |
25,910 |
1,656 |
|
CoStar Group, Inc. (a) |
11,465 |
719 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INDUSTRIALS - continued |
|||
Professional Services - continued |
|||
IHS, Inc. Class A (a) |
27,401 |
$ 2,432 |
|
Robert Half International, Inc. |
52,520 |
1,607 |
|
|
6,414 |
||
Road & Rail - 0.5% |
|||
Union Pacific Corp. |
49,968 |
4,913 |
|
TOTAL INDUSTRIALS |
172,670 |
||
INFORMATION TECHNOLOGY - 30.2% |
|||
Communications Equipment - 5.1% |
|||
Cisco Systems, Inc. |
224,116 |
3,844 |
|
Juniper Networks, Inc. (a) |
255,219 |
10,740 |
|
QUALCOMM, Inc. |
715,379 |
39,224 |
|
|
53,808 |
||
Computers & Peripherals - 7.3% |
|||
Apple, Inc. (a) |
183,581 |
63,967 |
|
EMC Corp. (a) |
152,840 |
4,058 |
|
NetApp, Inc. (a) |
128,556 |
6,194 |
|
SanDisk Corp. (a) |
43,949 |
2,026 |
|
|
76,245 |
||
Electronic Equipment & Components - 0.5% |
|||
Amphenol Corp. Class A |
17,800 |
968 |
|
HLS Systems International Ltd. (a) |
35,224 |
468 |
|
IPG Photonics Corp. (a) |
28,970 |
1,671 |
|
Keyence Corp. |
7,800 |
1,997 |
|
|
5,104 |
||
Internet Software & Services - 6.5% |
|||
Baidu.com, Inc. sponsored ADR (a) |
44,062 |
6,072 |
|
Dice Holdings, Inc. (a) |
262,611 |
3,968 |
|
eBay, Inc. (a) |
166,000 |
5,153 |
|
Google, Inc. Class A (a) |
58,191 |
34,112 |
|
KIT Digital, Inc. (a) |
326,462 |
3,931 |
|
The Knot, Inc. (a) |
102,338 |
1,233 |
|
Velti PLC (a)(d) |
64,559 |
813 |
|
VeriSign, Inc. |
177,980 |
6,445 |
|
WebMD Health Corp. (a) |
133,286 |
7,120 |
|
|
68,847 |
||
IT Services - 2.3% |
|||
Accenture PLC Class A |
196,800 |
10,818 |
|
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
INFORMATION TECHNOLOGY - continued |
|||
IT Services - continued |
|||
Cognizant Technology Solutions Corp. Class A (a) |
105,600 |
$ 8,596 |
|
Fidelity National Information Services, Inc. |
65,000 |
2,125 |
|
Heartland Payment Systems, Inc. |
53,740 |
942 |
|
ServiceSource International, Inc. |
3,700 |
45 |
|
Visa, Inc. Class A |
19,320 |
1,422 |
|
|
23,948 |
||
Semiconductors & Semiconductor Equipment - 2.1% |
|||
Analog Devices, Inc. |
24,300 |
957 |
|
ARM Holdings PLC sponsored ADR (d) |
327,419 |
9,223 |
|
Avago Technologies Ltd. |
353,425 |
10,992 |
|
Broadcom Corp. Class A |
33,175 |
1,306 |
|
|
22,478 |
||
Software - 6.4% |
|||
ANSYS, Inc. (a) |
20,500 |
1,111 |
|
Ariba, Inc. (a) |
280,034 |
9,560 |
|
Citrix Systems, Inc. (a) |
128,745 |
9,458 |
|
Computer Modelling Group Ltd. |
45,600 |
1,221 |
|
Concur Technologies, Inc. (a) |
19,551 |
1,084 |
|
Informatica Corp. (a) |
42,500 |
2,220 |
|
Intuit, Inc. (a) |
39,353 |
2,090 |
|
Kingdee International Software Group Co. Ltd. |
2,178,000 |
1,366 |
|
Microsoft Corp. |
122,200 |
3,099 |
|
Oracle Corp. |
593,871 |
19,817 |
|
RealPage, Inc. |
32,204 |
893 |
|
Red Hat, Inc. (a) |
53,100 |
2,410 |
|
salesforce.com, Inc. (a) |
30,450 |
4,068 |
|
SolarWinds, Inc. (a) |
256,175 |
6,010 |
|
VMware, Inc. Class A (a) |
33,875 |
2,762 |
|
|
67,169 |
||
TOTAL INFORMATION TECHNOLOGY |
317,599 |
||
MATERIALS - 4.5% |
|||
Chemicals - 1.3% |
|||
CF Industries Holdings, Inc. |
30,000 |
4,104 |
|
FMC Corp. |
49,273 |
4,185 |
|
The Mosaic Co. |
69,777 |
5,495 |
|
|
13,784 |
||
Common Stocks - continued |
|||
Shares |
Value (000s) |
||
MATERIALS - continued |
|||
Containers & Packaging - 0.1% |
|||
Lock & Lock Co. Ltd. |
18,480 |
$ 645 |
|
Metals & Mining - 3.1% |
|||
Grande Cache Coal Corp. (a) |
654,870 |
6,936 |
|
Iluka Resources Ltd. |
95,800 |
1,318 |
|
Kenmare Resources PLC (a) |
4,056,883 |
2,885 |
|
Major Drilling Group International, Inc. |
193,900 |
3,293 |
|
Mirabela Nickel Ltd. (a) |
907,705 |
1,840 |
|
Mongolian Mining Corp. |
846,000 |
1,081 |
|
Newmont Mining Corp. |
141,619 |
7,730 |
|
Teck Resources Ltd. Class B (sub. vtg.) |
57,100 |
3,026 |
|
Walter Energy, Inc. |
34,200 |
4,632 |
|
|
32,741 |
||
TOTAL MATERIALS |
47,170 |
||
TELECOMMUNICATION SERVICES - 0.6% |
|||
Wireless Telecommunication Services - 0.6% |
|||
TIM Participacoes SA sponsored ADR (non-vtg.) |
133,700 |
5,836 |
|
TOTAL COMMON STOCKS (Cost $838,919) |
1,031,795 |
||
Money Market Funds - 3.2% |
|||
|
|
|
|
Fidelity Cash Central Fund, 0.16% (b) |
18,570,370 |
18,570 |
|
Fidelity Securities Lending Cash Central Fund, 0.18% (b)(c) |
15,530,139 |
15,530 |
|
TOTAL MONEY MARKET FUNDS (Cost $34,100) |
34,100 |
||
TOTAL INVESTMENT PORTFOLIO - 101.4% (Cost $873,019) |
1,065,895 |
||
NET OTHER ASSETS (LIABILITIES) - (1.4)% |
(14,657) |
||
NET ASSETS - 100% |
$ 1,051,238 |
Legend |
(a) Non-income producing |
(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(c) Investment made with cash collateral received from securities on loan. |
(d) Security or a portion of the security is on loan at period end. |
(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $794,000 or 0.1% of net assets. |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund |
Income earned |
Fidelity Cash Central Fund |
$ 26 |
Fidelity Securities Lending Cash Central Fund |
109 |
Total |
$ 135 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2011, 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 in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 139,127 |
$ 139,127 |
$ - |
$ - |
Consumer Staples |
31,456 |
31,456 |
- |
- |
Energy |
149,960 |
149,960 |
- |
- |
Financials |
64,279 |
64,279 |
- |
- |
Health Care |
103,698 |
87,623 |
16,075 |
- |
Industrials |
172,670 |
172,670 |
- |
- |
Information Technology |
317,599 |
317,599 |
- |
- |
Materials |
47,170 |
47,170 |
- |
- |
Telecommunication Services |
5,836 |
5,836 |
- |
- |
Money Market Funds |
34,100 |
34,100 |
- |
- |
Total Investments in Securities: |
$ 1,065,895 |
$ 1,049,820 |
$ 16,075 |
$ - |
Income Tax Information |
At March 31, 2011, the cost of investment securities for income tax purposes was $876,775,000. Net unrealized appreciation aggregated $189,120,000, of which $207,050,000 related to appreciated investment securities and $17,930,000 related to depreciated investment securities. |
Investment Valuation |
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows. |
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent 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 significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy. |
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. |
For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity ® Mega Cap Stock Fund
March 31, 2011
1.799848.107
GII-QTLY-0511
Showing Percentage of Net Assets
Common Stocks - 98.6% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 10.3% |
|||
Auto Components - 0.2% |
|||
Johnson Controls, Inc. |
39,500 |
$ 1,642,015 |
|
Automobiles - 0.1% |
|||
Porsche Automobil Holding SE rights 4/12/11 (a) |
69,900 |
605,729 |
|
Distributors - 0.1% |
|||
Li & Fung Ltd. |
252,000 |
1,291,004 |
|
Hotels, Restaurants & Leisure - 1.9% |
|||
Carnival Corp. unit |
41,800 |
1,603,448 |
|
McDonald's Corp. |
150,500 |
11,451,545 |
|
Yum! Brands, Inc. |
84,900 |
4,362,162 |
|
|
17,417,155 |
||
Media - 3.1% |
|||
Comcast Corp. Class A (special) (non-vtg.) |
471,400 |
10,945,908 |
|
News Corp. Class A |
141,400 |
2,482,984 |
|
Time Warner, Inc. |
302,200 |
10,788,540 |
|
Viacom, Inc. Class B (non-vtg.) |
82,900 |
3,856,508 |
|
|
28,073,940 |
||
Multiline Retail - 1.5% |
|||
Target Corp. |
274,600 |
13,732,746 |
|
Specialty Retail - 3.4% |
|||
Home Depot, Inc. |
213,700 |
7,919,722 |
|
Lowe's Companies, Inc. |
428,700 |
11,330,541 |
|
Staples, Inc. |
486,843 |
9,454,491 |
|
TJX Companies, Inc. |
39,000 |
1,939,470 |
|
|
30,644,224 |
||
TOTAL CONSUMER DISCRETIONARY |
93,406,813 |
||
CONSUMER STAPLES - 11.7% |
|||
Beverages - 4.0% |
|||
Diageo PLC sponsored ADR |
50,700 |
3,864,354 |
|
Dr Pepper Snapple Group, Inc. |
67,900 |
2,523,164 |
|
PepsiCo, Inc. |
342,100 |
22,034,661 |
|
The Coca-Cola Co. |
116,600 |
7,736,410 |
|
|
36,158,589 |
||
Food & Staples Retailing - 1.9% |
|||
CVS Caremark Corp. |
170,000 |
5,834,400 |
|
Sysco Corp. |
86,500 |
2,396,050 |
|
Walgreen Co. |
220,600 |
8,854,884 |
|
|
17,085,334 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
CONSUMER STAPLES - continued |
|||
Food Products - 1.2% |
|||
Archer Daniels Midland Co. |
50,800 |
$ 1,829,308 |
|
Danone |
86,017 |
5,616,951 |
|
Kellogg Co. |
24,600 |
1,327,908 |
|
Unilever NV unit |
76,900 |
2,411,584 |
|
|
11,185,751 |
||
Household Products - 3.5% |
|||
Colgate-Palmolive Co. |
71,700 |
5,790,492 |
|
Kimberly-Clark Corp. |
79,200 |
5,169,384 |
|
Procter & Gamble Co. |
278,200 |
17,137,120 |
|
Reckitt Benckiser Group PLC |
70,000 |
3,594,309 |
|
|
31,691,305 |
||
Personal Products - 0.1% |
|||
Beiersdorf AG |
19,800 |
1,207,959 |
|
Tobacco - 1.0% |
|||
British American Tobacco PLC sponsored ADR |
51,700 |
4,187,183 |
|
Philip Morris International, Inc. |
83,530 |
5,482,074 |
|
|
9,669,257 |
||
TOTAL CONSUMER STAPLES |
106,998,195 |
||
ENERGY - 11.9% |
|||
Energy Equipment & Services - 1.2% |
|||
Baker Hughes, Inc. |
41,000 |
3,010,630 |
|
Halliburton Co. |
18,500 |
922,040 |
|
Weatherford International Ltd. (a) |
307,500 |
6,949,500 |
|
|
10,882,170 |
||
Oil, Gas & Consumable Fuels - 10.7% |
|||
Chevron Corp. |
285,400 |
30,660,522 |
|
Exxon Mobil Corp. |
526,971 |
44,334,070 |
|
Marathon Oil Corp. |
44,200 |
2,356,302 |
|
Occidental Petroleum Corp. |
52,400 |
5,475,276 |
|
Royal Dutch Shell PLC Class A sponsored ADR |
97,900 |
7,132,994 |
|
Suncor Energy, Inc. |
159,600 |
7,156,242 |
|
|
97,115,406 |
||
TOTAL ENERGY |
107,997,576 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
FINANCIALS - 19.3% |
|||
Capital Markets - 1.7% |
|||
Bank of New York Mellon Corp. |
208,200 |
$ 6,218,934 |
|
Credit Suisse Group sponsored ADR |
21,300 |
906,954 |
|
Morgan Stanley |
132,300 |
3,614,436 |
|
Northern Trust Corp. |
87,900 |
4,460,925 |
|
|
15,201,249 |
||
Commercial Banks - 8.4% |
|||
Bank of Montreal |
28,200 |
1,831,531 |
|
BB&T Corp. |
381,000 |
10,458,450 |
|
HSBC Holdings PLC sponsored ADR |
34,700 |
1,797,460 |
|
Standard Chartered PLC (United Kingdom) |
112,722 |
2,922,905 |
|
SunTrust Banks, Inc. |
98,675 |
2,845,787 |
|
U.S. Bancorp, Delaware |
364,500 |
9,633,735 |
|
Wells Fargo & Co. |
1,482,030 |
46,980,352 |
|
|
76,470,220 |
||
Diversified Financial Services - 8.8% |
|||
Bank of America Corp. |
2,013,235 |
26,836,423 |
|
Citigroup, Inc. (a) |
2,463,000 |
10,886,460 |
|
JPMorgan Chase & Co. |
921,400 |
42,476,540 |
|
|
80,199,423 |
||
Insurance - 0.1% |
|||
MetLife, Inc. |
29,500 |
1,319,535 |
|
Real Estate Investment Trusts - 0.3% |
|||
Public Storage |
11,000 |
1,220,010 |
|
Weyerhaeuser Co. |
51,900 |
1,276,740 |
|
|
2,496,750 |
||
TOTAL FINANCIALS |
175,687,177 |
||
HEALTH CARE - 10.8% |
|||
Biotechnology - 1.7% |
|||
Amgen, Inc. (a) |
224,990 |
12,025,716 |
|
Gilead Sciences, Inc. (a) |
79,000 |
3,352,760 |
|
|
15,378,476 |
||
Health Care Providers & Services - 1.8% |
|||
McKesson Corp. |
109,500 |
8,655,975 |
|
Medco Health Solutions, Inc. (a) |
144,700 |
8,126,352 |
|
|
16,782,327 |
||
Pharmaceuticals - 7.3% |
|||
Abbott Laboratories |
172,100 |
8,441,505 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - continued |
|||
Pharmaceuticals - continued |
|||
GlaxoSmithKline PLC sponsored ADR |
209,200 |
$ 8,035,372 |
|
Johnson & Johnson |
241,700 |
14,320,725 |
|
Merck & Co., Inc. |
445,100 |
14,692,751 |
|
Pfizer, Inc. |
1,011,000 |
20,533,410 |
|
|
66,023,763 |
||
TOTAL HEALTH CARE |
98,184,566 |
||
INDUSTRIALS - 11.1% |
|||
Aerospace & Defense - 3.8% |
|||
Honeywell International, Inc. |
231,800 |
13,840,778 |
|
Precision Castparts Corp. |
10,300 |
1,515,954 |
|
The Boeing Co. |
93,600 |
6,919,848 |
|
United Technologies Corp. |
141,100 |
11,944,115 |
|
|
34,220,695 |
||
Air Freight & Logistics - 0.9% |
|||
FedEx Corp. |
26,600 |
2,488,430 |
|
United Parcel Service, Inc. Class B |
76,200 |
5,663,184 |
|
|
8,151,614 |
||
Commercial Services & Supplies - 0.1% |
|||
Waste Management, Inc. |
33,900 |
1,265,826 |
|
Electrical Equipment - 0.6% |
|||
Alstom SA |
66,554 |
3,933,988 |
|
Emerson Electric Co. |
26,000 |
1,519,180 |
|
|
5,453,168 |
||
Industrial Conglomerates - 2.3% |
|||
General Electric Co. |
650,400 |
13,040,520 |
|
Koninklijke Philips Electronics NV unit |
186,400 |
5,996,488 |
|
Tyco International Ltd. |
32,100 |
1,437,117 |
|
|
20,474,125 |
||
Machinery - 2.7% |
|||
Atlas Copco AB (A Shares) |
35,800 |
951,273 |
|
Danaher Corp. |
128,900 |
6,689,910 |
|
Ingersoll-Rand Co. Ltd. |
346,499 |
16,739,366 |
|
|
24,380,549 |
||
Professional Services - 0.2% |
|||
Bureau Veritas SA |
28,500 |
2,237,556 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INDUSTRIALS - continued |
|||
Road & Rail - 0.5% |
|||
Union Pacific Corp. |
48,400 |
$ 4,759,172 |
|
TOTAL INDUSTRIALS |
100,942,705 |
||
INFORMATION TECHNOLOGY - 22.2% |
|||
Communications Equipment - 4.1% |
|||
Cisco Systems, Inc. |
1,017,500 |
17,450,125 |
|
HTC Corp. |
16,000 |
625,744 |
|
Juniper Networks, Inc. (a) |
135,465 |
5,700,367 |
|
QUALCOMM, Inc. |
244,900 |
13,427,867 |
|
|
37,204,103 |
||
Computers & Peripherals - 5.9% |
|||
Apple, Inc. (a) |
91,000 |
31,708,950 |
|
EMC Corp. (a) |
426,100 |
11,312,955 |
|
Hewlett-Packard Co. |
253,600 |
10,389,992 |
|
|
53,411,897 |
||
Electronic Equipment & Components - 0.8% |
|||
Corning, Inc. |
342,600 |
7,067,838 |
|
Internet Software & Services - 2.2% |
|||
eBay, Inc. (a) |
178,000 |
5,525,120 |
|
Google, Inc. Class A (a) |
25,550 |
14,977,666 |
|
|
20,502,786 |
||
IT Services - 4.6% |
|||
Accenture PLC Class A |
67,500 |
3,710,475 |
|
International Business Machines Corp. |
99,500 |
16,225,465 |
|
MasterCard, Inc. Class A |
46,400 |
11,679,808 |
|
Visa, Inc. Class A |
142,000 |
10,454,040 |
|
|
42,069,788 |
||
Semiconductors & Semiconductor Equipment - 1.7% |
|||
Taiwan Semiconductor Manufacturing Co. Ltd. |
1,251,974 |
3,000,215 |
|
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR |
426,700 |
5,197,206 |
|
Texas Instruments, Inc. |
212,000 |
7,326,720 |
|
|
15,524,141 |
||
Software - 2.9% |
|||
Adobe Systems, Inc. (a) |
71,600 |
2,374,256 |
|
Autonomy Corp. PLC (a) |
331,347 |
8,443,120 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
Microsoft Corp. |
419,500 |
$ 10,638,520 |
|
Oracle Corp. |
137,100 |
4,575,027 |
|
|
26,030,923 |
||
TOTAL INFORMATION TECHNOLOGY |
201,811,476 |
||
MATERIALS - 0.8% |
|||
Chemicals - 0.6% |
|||
Air Products & Chemicals, Inc. |
10,200 |
919,836 |
|
E.I. du Pont de Nemours & Co. |
33,518 |
1,842,484 |
|
PPG Industries, Inc. |
20,000 |
1,904,200 |
|
Praxair, Inc. |
10,000 |
1,016,000 |
|
|
5,682,520 |
||
Metals & Mining - 0.2% |
|||
Nucor Corp. |
43,800 |
2,015,676 |
|
TOTAL MATERIALS |
7,698,196 |
||
TELECOMMUNICATION SERVICES - 0.2% |
|||
Wireless Telecommunication Services - 0.2% |
|||
American Tower Corp. Class A (a) |
40,100 |
2,077,982 |
|
UTILITIES - 0.3% |
|||
Electric Utilities - 0.2% |
|||
PPL Corp. |
65,730 |
1,662,969 |
|
Multi-Utilities - 0.1% |
|||
National Grid PLC |
160,200 |
1,523,436 |
|
TOTAL UTILITIES |
3,186,405 |
||
TOTAL COMMON STOCKS (Cost $830,187,179) |
897,991,091 |
||
Preferred Stocks - 1.2% |
|||
|
|
|
|
Convertible Preferred Stocks - 0.1% |
|||
CONSUMER DISCRETIONARY - 0.1% |
|||
Automobiles - 0.1% |
|||
General Motors Co. 4.75% |
28,200 |
1,359,240 |
|
Preferred Stocks - continued |
|||
Shares |
Value |
||
Nonconvertible Preferred Stocks - 1.1% |
|||
CONSUMER DISCRETIONARY - 1.1% |
|||
Automobiles - 1.1% |
|||
Porsche Automobil Holding SE |
69,900 |
$ 4,575,891 |
|
Volkswagen AG |
32,200 |
5,220,766 |
|
|
9,796,657 |
||
TOTAL PREFERRED STOCKS (Cost $9,710,791) |
11,155,897 |
||
TOTAL INVESTMENT PORTFOLIO - 99.8% (Cost $839,897,970) |
909,146,988 |
||
NET OTHER ASSETS (LIABILITIES) - 0.2% |
1,572,990 |
||
NET ASSETS - 100% |
$ 910,719,978 |
Legend |
(a) Non-income producing |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund |
Income earned |
Fidelity Cash Central Fund |
$ 5,660 |
Fidelity Securities Lending Cash Central Fund |
2,736 |
Total |
$ 8,396 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2011, 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 in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 104,562,710 |
$ 104,562,710 |
$ - |
$ - |
Consumer Staples |
106,998,195 |
106,998,195 |
- |
- |
Energy |
107,997,576 |
107,997,576 |
- |
- |
Financials |
175,687,177 |
175,687,177 |
- |
- |
Health Care |
98,184,566 |
98,184,566 |
- |
- |
Industrials |
100,942,705 |
100,942,705 |
- |
- |
Information Technology |
201,811,476 |
198,811,261 |
3,000,215 |
- |
Materials |
7,698,196 |
7,698,196 |
- |
- |
Telecommunication Services |
2,077,982 |
2,077,982 |
- |
- |
Utilities |
3,186,405 |
1,662,969 |
1,523,436 |
- |
Total Investments in Securities: |
$ 909,146,988 |
$ 904,623,337 |
$ 4,523,651 |
$ - |
Income Tax Information |
At March 31, 2011, the cost of investment securities for income tax purposes was $848,580,632. Net unrealized appreciation aggregated $60,566,356, of which $97,243,439 related to appreciated investment securities and $36,677,083 related to depreciated investment securities. |
Investment Valuation |
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows. |
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent 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 significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy. |
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. |
For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Quarterly Holdings Report
for
Fidelity Advisor Mega Cap
Stock Fund
Class A
Class T
Class B
Class C
Institutional Class
March 31, 2011
Class A, Class T, Class B, Class C and
Institutional Class are classes of
Fidelity® Mega Cap Stock Fund
1.864815.103
AGII-QTLY-0511
Showing Percentage of Net Assets
Common Stocks - 98.6% |
|||
Shares |
Value |
||
CONSUMER DISCRETIONARY - 10.3% |
|||
Auto Components - 0.2% |
|||
Johnson Controls, Inc. |
39,500 |
$ 1,642,015 |
|
Automobiles - 0.1% |
|||
Porsche Automobil Holding SE rights 4/12/11 (a) |
69,900 |
605,729 |
|
Distributors - 0.1% |
|||
Li & Fung Ltd. |
252,000 |
1,291,004 |
|
Hotels, Restaurants & Leisure - 1.9% |
|||
Carnival Corp. unit |
41,800 |
1,603,448 |
|
McDonald's Corp. |
150,500 |
11,451,545 |
|
Yum! Brands, Inc. |
84,900 |
4,362,162 |
|
|
17,417,155 |
||
Media - 3.1% |
|||
Comcast Corp. Class A (special) (non-vtg.) |
471,400 |
10,945,908 |
|
News Corp. Class A |
141,400 |
2,482,984 |
|
Time Warner, Inc. |
302,200 |
10,788,540 |
|
Viacom, Inc. Class B (non-vtg.) |
82,900 |
3,856,508 |
|
|
28,073,940 |
||
Multiline Retail - 1.5% |
|||
Target Corp. |
274,600 |
13,732,746 |
|
Specialty Retail - 3.4% |
|||
Home Depot, Inc. |
213,700 |
7,919,722 |
|
Lowe's Companies, Inc. |
428,700 |
11,330,541 |
|
Staples, Inc. |
486,843 |
9,454,491 |
|
TJX Companies, Inc. |
39,000 |
1,939,470 |
|
|
30,644,224 |
||
TOTAL CONSUMER DISCRETIONARY |
93,406,813 |
||
CONSUMER STAPLES - 11.7% |
|||
Beverages - 4.0% |
|||
Diageo PLC sponsored ADR |
50,700 |
3,864,354 |
|
Dr Pepper Snapple Group, Inc. |
67,900 |
2,523,164 |
|
PepsiCo, Inc. |
342,100 |
22,034,661 |
|
The Coca-Cola Co. |
116,600 |
7,736,410 |
|
|
36,158,589 |
||
Food & Staples Retailing - 1.9% |
|||
CVS Caremark Corp. |
170,000 |
5,834,400 |
|
Sysco Corp. |
86,500 |
2,396,050 |
|
Walgreen Co. |
220,600 |
8,854,884 |
|
|
17,085,334 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
CONSUMER STAPLES - continued |
|||
Food Products - 1.2% |
|||
Archer Daniels Midland Co. |
50,800 |
$ 1,829,308 |
|
Danone |
86,017 |
5,616,951 |
|
Kellogg Co. |
24,600 |
1,327,908 |
|
Unilever NV unit |
76,900 |
2,411,584 |
|
|
11,185,751 |
||
Household Products - 3.5% |
|||
Colgate-Palmolive Co. |
71,700 |
5,790,492 |
|
Kimberly-Clark Corp. |
79,200 |
5,169,384 |
|
Procter & Gamble Co. |
278,200 |
17,137,120 |
|
Reckitt Benckiser Group PLC |
70,000 |
3,594,309 |
|
|
31,691,305 |
||
Personal Products - 0.1% |
|||
Beiersdorf AG |
19,800 |
1,207,959 |
|
Tobacco - 1.0% |
|||
British American Tobacco PLC sponsored ADR |
51,700 |
4,187,183 |
|
Philip Morris International, Inc. |
83,530 |
5,482,074 |
|
|
9,669,257 |
||
TOTAL CONSUMER STAPLES |
106,998,195 |
||
ENERGY - 11.9% |
|||
Energy Equipment & Services - 1.2% |
|||
Baker Hughes, Inc. |
41,000 |
3,010,630 |
|
Halliburton Co. |
18,500 |
922,040 |
|
Weatherford International Ltd. (a) |
307,500 |
6,949,500 |
|
|
10,882,170 |
||
Oil, Gas & Consumable Fuels - 10.7% |
|||
Chevron Corp. |
285,400 |
30,660,522 |
|
Exxon Mobil Corp. |
526,971 |
44,334,070 |
|
Marathon Oil Corp. |
44,200 |
2,356,302 |
|
Occidental Petroleum Corp. |
52,400 |
5,475,276 |
|
Royal Dutch Shell PLC Class A sponsored ADR |
97,900 |
7,132,994 |
|
Suncor Energy, Inc. |
159,600 |
7,156,242 |
|
|
97,115,406 |
||
TOTAL ENERGY |
107,997,576 |
||
Common Stocks - continued |
|||
Shares |
Value |
||
FINANCIALS - 19.3% |
|||
Capital Markets - 1.7% |
|||
Bank of New York Mellon Corp. |
208,200 |
$ 6,218,934 |
|
Credit Suisse Group sponsored ADR |
21,300 |
906,954 |
|
Morgan Stanley |
132,300 |
3,614,436 |
|
Northern Trust Corp. |
87,900 |
4,460,925 |
|
|
15,201,249 |
||
Commercial Banks - 8.4% |
|||
Bank of Montreal |
28,200 |
1,831,531 |
|
BB&T Corp. |
381,000 |
10,458,450 |
|
HSBC Holdings PLC sponsored ADR |
34,700 |
1,797,460 |
|
Standard Chartered PLC (United Kingdom) |
112,722 |
2,922,905 |
|
SunTrust Banks, Inc. |
98,675 |
2,845,787 |
|
U.S. Bancorp, Delaware |
364,500 |
9,633,735 |
|
Wells Fargo & Co. |
1,482,030 |
46,980,352 |
|
|
76,470,220 |
||
Diversified Financial Services - 8.8% |
|||
Bank of America Corp. |
2,013,235 |
26,836,423 |
|
Citigroup, Inc. (a) |
2,463,000 |
10,886,460 |
|
JPMorgan Chase & Co. |
921,400 |
42,476,540 |
|
|
80,199,423 |
||
Insurance - 0.1% |
|||
MetLife, Inc. |
29,500 |
1,319,535 |
|
Real Estate Investment Trusts - 0.3% |
|||
Public Storage |
11,000 |
1,220,010 |
|
Weyerhaeuser Co. |
51,900 |
1,276,740 |
|
|
2,496,750 |
||
TOTAL FINANCIALS |
175,687,177 |
||
HEALTH CARE - 10.8% |
|||
Biotechnology - 1.7% |
|||
Amgen, Inc. (a) |
224,990 |
12,025,716 |
|
Gilead Sciences, Inc. (a) |
79,000 |
3,352,760 |
|
|
15,378,476 |
||
Health Care Providers & Services - 1.8% |
|||
McKesson Corp. |
109,500 |
8,655,975 |
|
Medco Health Solutions, Inc. (a) |
144,700 |
8,126,352 |
|
|
16,782,327 |
||
Pharmaceuticals - 7.3% |
|||
Abbott Laboratories |
172,100 |
8,441,505 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
HEALTH CARE - continued |
|||
Pharmaceuticals - continued |
|||
GlaxoSmithKline PLC sponsored ADR |
209,200 |
$ 8,035,372 |
|
Johnson & Johnson |
241,700 |
14,320,725 |
|
Merck & Co., Inc. |
445,100 |
14,692,751 |
|
Pfizer, Inc. |
1,011,000 |
20,533,410 |
|
|
66,023,763 |
||
TOTAL HEALTH CARE |
98,184,566 |
||
INDUSTRIALS - 11.1% |
|||
Aerospace & Defense - 3.8% |
|||
Honeywell International, Inc. |
231,800 |
13,840,778 |
|
Precision Castparts Corp. |
10,300 |
1,515,954 |
|
The Boeing Co. |
93,600 |
6,919,848 |
|
United Technologies Corp. |
141,100 |
11,944,115 |
|
|
34,220,695 |
||
Air Freight & Logistics - 0.9% |
|||
FedEx Corp. |
26,600 |
2,488,430 |
|
United Parcel Service, Inc. Class B |
76,200 |
5,663,184 |
|
|
8,151,614 |
||
Commercial Services & Supplies - 0.1% |
|||
Waste Management, Inc. |
33,900 |
1,265,826 |
|
Electrical Equipment - 0.6% |
|||
Alstom SA |
66,554 |
3,933,988 |
|
Emerson Electric Co. |
26,000 |
1,519,180 |
|
|
5,453,168 |
||
Industrial Conglomerates - 2.3% |
|||
General Electric Co. |
650,400 |
13,040,520 |
|
Koninklijke Philips Electronics NV unit |
186,400 |
5,996,488 |
|
Tyco International Ltd. |
32,100 |
1,437,117 |
|
|
20,474,125 |
||
Machinery - 2.7% |
|||
Atlas Copco AB (A Shares) |
35,800 |
951,273 |
|
Danaher Corp. |
128,900 |
6,689,910 |
|
Ingersoll-Rand Co. Ltd. |
346,499 |
16,739,366 |
|
|
24,380,549 |
||
Professional Services - 0.2% |
|||
Bureau Veritas SA |
28,500 |
2,237,556 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INDUSTRIALS - continued |
|||
Road & Rail - 0.5% |
|||
Union Pacific Corp. |
48,400 |
$ 4,759,172 |
|
TOTAL INDUSTRIALS |
100,942,705 |
||
INFORMATION TECHNOLOGY - 22.2% |
|||
Communications Equipment - 4.1% |
|||
Cisco Systems, Inc. |
1,017,500 |
17,450,125 |
|
HTC Corp. |
16,000 |
625,744 |
|
Juniper Networks, Inc. (a) |
135,465 |
5,700,367 |
|
QUALCOMM, Inc. |
244,900 |
13,427,867 |
|
|
37,204,103 |
||
Computers & Peripherals - 5.9% |
|||
Apple, Inc. (a) |
91,000 |
31,708,950 |
|
EMC Corp. (a) |
426,100 |
11,312,955 |
|
Hewlett-Packard Co. |
253,600 |
10,389,992 |
|
|
53,411,897 |
||
Electronic Equipment & Components - 0.8% |
|||
Corning, Inc. |
342,600 |
7,067,838 |
|
Internet Software & Services - 2.2% |
|||
eBay, Inc. (a) |
178,000 |
5,525,120 |
|
Google, Inc. Class A (a) |
25,550 |
14,977,666 |
|
|
20,502,786 |
||
IT Services - 4.6% |
|||
Accenture PLC Class A |
67,500 |
3,710,475 |
|
International Business Machines Corp. |
99,500 |
16,225,465 |
|
MasterCard, Inc. Class A |
46,400 |
11,679,808 |
|
Visa, Inc. Class A |
142,000 |
10,454,040 |
|
|
42,069,788 |
||
Semiconductors & Semiconductor Equipment - 1.7% |
|||
Taiwan Semiconductor Manufacturing Co. Ltd. |
1,251,974 |
3,000,215 |
|
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR |
426,700 |
5,197,206 |
|
Texas Instruments, Inc. |
212,000 |
7,326,720 |
|
|
15,524,141 |
||
Software - 2.9% |
|||
Adobe Systems, Inc. (a) |
71,600 |
2,374,256 |
|
Autonomy Corp. PLC (a) |
331,347 |
8,443,120 |
|
Common Stocks - continued |
|||
Shares |
Value |
||
INFORMATION TECHNOLOGY - continued |
|||
Software - continued |
|||
Microsoft Corp. |
419,500 |
$ 10,638,520 |
|
Oracle Corp. |
137,100 |
4,575,027 |
|
|
26,030,923 |
||
TOTAL INFORMATION TECHNOLOGY |
201,811,476 |
||
MATERIALS - 0.8% |
|||
Chemicals - 0.6% |
|||
Air Products & Chemicals, Inc. |
10,200 |
919,836 |
|
E.I. du Pont de Nemours & Co. |
33,518 |
1,842,484 |
|
PPG Industries, Inc. |
20,000 |
1,904,200 |
|
Praxair, Inc. |
10,000 |
1,016,000 |
|
|
5,682,520 |
||
Metals & Mining - 0.2% |
|||
Nucor Corp. |
43,800 |
2,015,676 |
|
TOTAL MATERIALS |
7,698,196 |
||
TELECOMMUNICATION SERVICES - 0.2% |
|||
Wireless Telecommunication Services - 0.2% |
|||
American Tower Corp. Class A (a) |
40,100 |
2,077,982 |
|
UTILITIES - 0.3% |
|||
Electric Utilities - 0.2% |
|||
PPL Corp. |
65,730 |
1,662,969 |
|
Multi-Utilities - 0.1% |
|||
National Grid PLC |
160,200 |
1,523,436 |
|
TOTAL UTILITIES |
3,186,405 |
||
TOTAL COMMON STOCKS (Cost $830,187,179) |
897,991,091 |
||
Preferred Stocks - 1.2% |
|||
|
|
|
|
Convertible Preferred Stocks - 0.1% |
|||
CONSUMER DISCRETIONARY - 0.1% |
|||
Automobiles - 0.1% |
|||
General Motors Co. 4.75% |
28,200 |
1,359,240 |
|
Preferred Stocks - continued |
|||
Shares |
Value |
||
Nonconvertible Preferred Stocks - 1.1% |
|||
CONSUMER DISCRETIONARY - 1.1% |
|||
Automobiles - 1.1% |
|||
Porsche Automobil Holding SE |
69,900 |
$ 4,575,891 |
|
Volkswagen AG |
32,200 |
5,220,766 |
|
|
9,796,657 |
||
TOTAL PREFERRED STOCKS (Cost $9,710,791) |
11,155,897 |
||
TOTAL INVESTMENT PORTFOLIO - 99.8% (Cost $839,897,970) |
909,146,988 |
||
NET OTHER ASSETS (LIABILITIES) - 0.2% |
1,572,990 |
||
NET ASSETS - 100% |
$ 910,719,978 |
Legend |
(a) Non-income producing |
Affiliated Central Funds |
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows: |
Fund |
Income earned |
Fidelity Cash Central Fund |
$ 5,660 |
Fidelity Securities Lending Cash Central Fund |
2,736 |
Total |
$ 8,396 |
Other Information |
The following is a summary of the inputs used, as of March 31, 2011, 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 in the table below, please refer to the Investment Valuation section at the end of this listing. |
Valuation Inputs at Reporting Date: |
||||
Description |
Total |
Level 1 |
Level 2 |
Level 3 |
Investments in Securities: |
||||
Equities: |
||||
Consumer Discretionary |
$ 104,562,710 |
$ 104,562,710 |
$ - |
$ - |
Consumer Staples |
106,998,195 |
106,998,195 |
- |
- |
Energy |
107,997,576 |
107,997,576 |
- |
- |
Financials |
175,687,177 |
175,687,177 |
- |
- |
Health Care |
98,184,566 |
98,184,566 |
- |
- |
Industrials |
100,942,705 |
100,942,705 |
- |
- |
Information Technology |
201,811,476 |
198,811,261 |
3,000,215 |
- |
Materials |
7,698,196 |
7,698,196 |
- |
- |
Telecommunication Services |
2,077,982 |
2,077,982 |
- |
- |
Utilities |
3,186,405 |
1,662,969 |
1,523,436 |
- |
Total Investments in Securities: |
$ 909,146,988 |
$ 904,623,337 |
$ 4,523,651 |
$ - |
Income Tax Information |
At March 31, 2011, the cost of investment securities for income tax purposes was $848,580,632. Net unrealized appreciation aggregated $60,566,356, of which $97,243,439 related to appreciated investment securities and $36,677,083 related to depreciated investment securities. |
Investment Valuation |
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. Level 1 - quoted prices in active markets for identical investments. Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.). Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows. |
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by an independent 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 significant market or security specific events arise, comparisons to the valuation of American Depositary Receipts, futures contracts, Exchange-traded funds (ETFs) and certain indexes as well as quoted prices for similar securities are used and are categorized as Level 2 in the hierarchy in these circumstances. Utilizing these techniques may result in transfers between Level 1 and Level 2. For restricted equity securities and private placements where observable inputs are limited, assumptions about market activity and risk are used and are categorized as Level 3 in the hierarchy. |
Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy. |
For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report. |
Quarterly Report
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general
information of the fund's shareholders. For more information regarding the fund and its holdings, please visit advisor.fidelity.com or call
Fidelity at 1-877-208-0098 for a free copy of the fund's most recent prospectus and annual report. or an affiliate. |
Quarterly Report
Item 2. Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.
Item 3. Exhibits
Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Hastings Street Trust
By: |
/s/Kenneth B. Robins |
|
Kenneth B. Robins |
|
President and Treasurer |
|
|
Date: |
May 31, 2011 |
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/Kenneth B. Robins |
|
Kenneth B. Robins |
|
President and Treasurer |
|
|
Date: |
May 31, 2011 |
By: |
/s/Christine Reynolds |
|
Christine Reynolds |
|
Chief Financial Officer |
|
|
Date: |
May 31, 2011 |
Exhibit EX-99.CERT
I, Kenneth B. Robins, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Hastings Street Trust;
2. 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;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. 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:
a. 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;
b. 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;
c. 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
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. 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):
a. 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
b. 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: May 31, 2011
/s/Kenneth B. Robins |
Kenneth B. Robins |
President and Treasurer |
I, Christine Reynolds, certify that:
1. I have reviewed this report on Form N-Q of Fidelity Hastings Street Trust;
2. 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;
3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
4. 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:
a. 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;
b. 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;
c. 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
d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
5. 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):
a. 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
b. 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: May 31, 2011
/s/Christine Reynolds |
Christine Reynolds |
Chief Financial Officer |