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: |
December 31 |
|
|
|
|
Date of reporting period: |
March 31, 2011 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity ® Series
Emerging Markets Debt Fund -
Fidelity Series Emerging Markets Debt Fund
Class F
March 31, 2011
1.924255.100
SED-QTLY-0511
Showing Percentage of Net Assets
|
Nonconvertible Bonds - 27.9% |
||||
|
|
Principal Amount (f) |
Value |
||
|
Argentina - 1.9% |
||||
|
Aeropuertos Argentina 2000 SA 10.75% 12/1/20 (c) |
|
$ 297,000 |
$ 319,275 |
|
|
City of Buenos Aires 12.5% 4/6/15 (c) |
|
950,000 |
1,045,000 |
|
|
Empresa Distribuidora y Comercializadora Norte SA 9.75% 10/25/22 (c) |
|
100,000 |
103,500 |
|
|
Pan American Energy LLC 7.875% 5/7/21 (c) |
|
200,000 |
215,000 |
|
|
Transportadora de Gas del Sur SA 7.875% 5/14/17 (c) |
|
450,000 |
443,250 |
|
|
YPF SA 10% 11/2/28 |
|
250,000 |
290,625 |
|
|
TOTAL ARGENTINA |
2,416,650 |
|||
|
Brazil - 3.2% |
||||
|
Banco Bradesco SA 5.9% 1/16/21 (c) |
|
200,000 |
198,500 |
|
|
Banco Cruzeiro do Sul SA 8.25% 1/20/16 (c) |
|
100,000 |
98,600 |
|
|
Banco do Nordeste do Brasil SA 3.625% 11/9/15 (c) |
|
250,000 |
244,625 |
|
|
Banco Industrial e Comercial SA 8.5% 4/27/20 (Reg. S) |
|
200,000 |
207,000 |
|
|
Banco Nacional de Desenvolvimento Economico e Social 5.5% 7/12/20 (c) |
|
200,000 |
204,000 |
|
|
Banco Votorantim SA 5.25% 2/11/16 (c) |
|
200,000 |
206,000 |
|
|
BFF International Ltd. 7.25% 1/28/20 (c) |
|
200,000 |
217,000 |
|
|
Braskem Finance Ltd. 7% 5/7/20 (c) |
|
200,000 |
216,000 |
|
|
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 6.25% 12/16/20 (c) |
|
200,000 |
205,500 |
|
|
Gerdau Trade, Inc. 5.75% 1/30/21 (c) |
|
100,000 |
101,200 |
|
|
Globo Comunicacoes e Participacoes SA 6.25% (b)(c)(d) |
|
1,100,000 |
1,155,000 |
|
|
Itau Unibanco Holding SA 5.75% 1/22/21 (c) |
|
100,000 |
99,250 |
|
|
Net Servicos de Comunicacao SA 7.5% 1/27/20 |
|
150,000 |
172,500 |
|
|
Rearden G Holdings Eins GmbH 7.875% 3/30/20 (c) |
|
290,000 |
315,375 |
|
|
Telemar Norte Leste SA 5.5% 10/23/20 (c) |
|
125,000 |
122,813 |
|
|
Votorantim Cimentos SA 7.25% 4/5/41 (c) |
|
200,000 |
198,790 |
|
|
TOTAL BRAZIL |
3,962,153 |
|||
|
Canada - 0.4% |
||||
|
Pacific Rubiales Energy Corp. 8.75% 11/10/16 |
|
375,000 |
427,500 |
|
|
Cayman Islands - 1.0% |
||||
|
CSN Islands XII Corp. 7% (Reg. S) (d) |
|
450,000 |
441,675 |
|
|
Fibria Overseas Finance Ltd. 6.75% 3/3/21 (c) |
|
150,000 |
155,820 |
|
|
Odebrecht Finance Ltd.: |
|
|
|
|
|
6% 4/5/23 (c) |
|
200,000 |
199,760 |
|
|
7% 4/21/20 (c) |
|
100,000 |
109,000 |
|
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Cayman Islands - continued |
||||
|
Petrobras International Finance Co. Ltd.: |
|
|
|
|
|
6.875% 1/20/40 |
|
$ 175,000 |
$ 182,000 |
|
|
8.375% 12/10/18 |
|
100,000 |
120,558 |
|
|
TOTAL CAYMAN ISLANDS |
1,208,813 |
|||
|
Colombia - 0.2% |
||||
|
BanColombia SA: |
|
|
|
|
|
4.25% 1/12/16 (c) |
|
200,000 |
197,500 |
|
|
6.125% 7/26/20 |
|
100,000 |
100,750 |
|
|
TOTAL COLOMBIA |
298,250 |
|||
|
Egypt - 0.4% |
||||
|
African Export-Import Bank 8.75% 11/13/14 |
|
425,000 |
473,875 |
|
|
El Salvador - 0.4% |
||||
|
Telemovil Finance Co. Ltd. 8% 10/1/17 (c) |
|
475,000 |
492,813 |
|
|
Georgia - 0.3% |
||||
|
Bank of Georgia JSC 9% 2/8/12 (Issued by BG Finance BV for Bank of Georgia JSC) |
|
200,000 |
205,000 |
|
|
Georgian Railway Ltd. 9.875% 7/22/15 |
|
100,000 |
107,750 |
|
|
TOTAL GEORGIA |
312,750 |
|||
|
Indonesia - 0.2% |
||||
|
Adaro Indonesia PT 7.625% 10/22/19 (c) |
|
250,000 |
276,250 |
|
|
Ireland - 1.1% |
||||
|
SCF Capital Ltd. 5.375% 10/27/17 (c) |
|
400,000 |
393,000 |
|
|
Vimpel Communications 8.375% 4/30/13 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (c) |
|
600,000 |
653,250 |
|
|
VIP Finance Ireland Ltd. 7.748% 2/2/21 (c) |
|
200,000 |
209,000 |
|
|
Vnesheconombank Via VEB Finance Ltd. 6.8% 11/22/25 (c) |
|
150,000 |
152,063 |
|
|
TOTAL IRELAND |
1,407,313 |
|||
|
Kazakhstan - 0.7% |
||||
|
Development Bank of Kazakhstan JSC 5.5% 12/20/15 (c) |
|
200,000 |
208,500 |
|
|
JSC Halyk Bank of Kazakhstan 7.25% 1/28/21 (c) |
|
200,000 |
202,260 |
|
|
Zhaikmunai Finance BV 10.5% 10/19/15 (c) |
|
475,000 |
503,500 |
|
|
TOTAL KAZAKHSTAN |
914,260 |
|||
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Luxembourg - 3.0% |
||||
|
Alrosa Finance SA: |
|
|
|
|
|
(Reg. S) 8.875% 11/17/14 |
|
$ 300,000 |
$ 341,625 |
|
|
7.75% 11/3/20 (c) |
|
200,000 |
214,250 |
|
|
Aquarius Investments Luxemburg 8.25% 2/18/16 (Reg. S) |
|
400,000 |
412,000 |
|
|
Evraz Group SA: |
|
|
|
|
|
8.25% 11/10/15 (c) |
|
100,000 |
112,125 |
|
|
8.875% 4/24/13 (c) |
|
350,000 |
384,125 |
|
|
Orascom Telecom Finance SCA 7.875% 2/8/14 (c) |
|
785,000 |
804,625 |
|
|
RSHB Capital SA 9% 6/11/14 (c) |
|
250,000 |
287,075 |
|
|
SB Capital SA 5.4% 3/24/17 (Reg. S) |
|
190,000 |
193,800 |
|
|
T2 Capital Finance Co. SA 6.95% 2/6/17 (Reg. S) (b) |
|
170,000 |
173,825 |
|
|
TMK Capital SA 7.75% 1/27/18 |
|
200,000 |
203,300 |
|
|
TNK-BP Finance SA 7.5% 7/18/16 |
|
200,000 |
224,250 |
|
|
Vimpel Communications 8.25% 5/23/16 (Reg. S) (Issued by UBS Luxembourg SA for Vimpel Communications) |
|
350,000 |
387,188 |
|
|
TOTAL LUXEMBOURG |
3,738,188 |
|||
|
Mexico - 2.1% |
||||
|
Alestra SA de RL de CV 11.75% 8/11/14 |
|
250,000 |
289,700 |
|
|
Bbva Bancomer SA 4.5% 3/10/16 (c) |
|
150,000 |
150,375 |
|
|
Controladora Mabe SA CV 7.875% 10/28/19 (c) |
|
150,000 |
162,375 |
|
|
Gruma SAB de CV 7.75% (d) |
|
325,000 |
325,000 |
|
|
Kansas City Southern de Mexico, SA de CV 12.5% 4/1/16 |
|
275,000 |
334,125 |
|
|
Petroleos Mexicanos: |
|
|
|
|
|
5.5% 1/21/21 |
|
175,000 |
177,800 |
|
|
6% 3/5/20 |
|
150,000 |
159,000 |
|
|
6.625% (c)(d) |
|
830,000 |
823,775 |
|
|
8% 5/3/19 |
|
150,000 |
180,000 |
|
|
TOTAL MEXICO |
2,602,150 |
|||
|
Mongolia - 0.1% |
||||
|
Trade & Development Bank of Mong LLC 8.5% 10/25/13 |
|
100,000 |
102,750 |
|
|
Netherlands - 3.9% |
||||
|
DTEK Finance BV 9.5% 4/28/15 (c) |
|
200,000 |
211,740 |
|
|
HSBK (Europe) BV: |
|
|
|
|
|
7.25% 5/3/17 (c) |
|
300,000 |
310,500 |
|
|
9.25% 10/16/13 (c) |
|
750,000 |
826,875 |
|
|
Indosat Palapa Co. BV 7.375% 7/29/20 (c) |
|
100,000 |
109,750 |
|
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Netherlands - continued |
||||
|
Intergas Finance BV 6.375% 5/14/17 (Reg. S) |
|
$ 300,000 |
$ 316,500 |
|
|
Kazkommerts International BV 8.5% 4/16/13 (c) |
|
100,000 |
103,000 |
|
|
KazMunaiGaz Finance Sub BV: |
|
|
|
|
|
6.375% 4/9/21 (c) |
|
200,000 |
207,000 |
|
|
7% 5/5/20 (c) |
|
275,000 |
296,313 |
|
|
8.375% 7/2/13 (c) |
|
200,000 |
221,500 |
|
|
9.125% 7/2/18 (c) |
|
375,000 |
453,281 |
|
|
11.75% 1/23/15 (c) |
|
275,000 |
343,406 |
|
|
Majapahit Holding BV: |
|
|
|
|
|
7.75% 10/17/16 (Reg. S) |
|
575,000 |
648,313 |
|
|
7.75% 1/20/20 (c) |
|
200,000 |
225,000 |
|
|
8% 8/7/19 (c) |
|
125,000 |
141,875 |
|
|
Metinvest BV 10.25% 5/20/15 (c) |
|
150,000 |
165,750 |
|
|
Myriad International Holding BV 6.375% 7/28/17 (c) |
|
300,000 |
317,250 |
|
|
TOTAL NETHERLANDS |
4,898,053 |
|||
|
Paraguay - 0.4% |
||||
|
BBVA Paraguay SA 9.75% 2/11/16 (c) |
|
450,000 |
490,500 |
|
|
Peru - 0.3% |
||||
|
Banco de Credito del Peru: |
|
|
|
|
|
4.75% 3/16/16 (c) |
|
325,000 |
322,563 |
|
|
5.375% 9/16/20 (c) |
|
100,000 |
94,880 |
|
|
TOTAL PERU |
417,443 |
|||
|
Philippines - 0.8% |
||||
|
National Power Corp. 6.875% 11/2/16 (c) |
|
200,000 |
228,260 |
|
|
Power Sector Assets and Liabilities Management Corp.: |
|
|
|
|
|
7.25% 5/27/19 (c) |
|
300,000 |
342,750 |
|
|
7.39% 12/2/24 (c) |
|
400,000 |
456,520 |
|
|
TOTAL PHILIPPINES |
1,027,530 |
|||
|
Russia - 0.4% |
||||
|
MTS International Funding Ltd. 8.625% 6/22/20 (c) |
|
400,000 |
457,000 |
|
|
Singapore - 0.2% |
||||
|
STATS ChipPAC Ltd. 7.5% 8/12/15 (c) |
|
200,000 |
217,500 |
|
|
Trinidad & Tobago - 0.2% |
||||
|
Petroleum Co. of Trinidad & Tobago Ltd. (Reg. S) 6% 5/8/22 |
|
191,667 |
194,542 |
|
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Turkey - 0.6% |
||||
|
Akbank T. A. S. 5.125% 7/22/15 (c) |
|
$ 300,000 |
$ 301,500 |
|
|
Turkiye Is Bankasi AS 5.1% 2/1/16 (c) |
|
450,000 |
450,563 |
|
|
TOTAL TURKEY |
752,063 |
|||
|
Ukraine - 0.3% |
||||
|
Naftogaz of Ukraine NJSC 9.5% 9/30/14 |
|
300,000 |
329,550 |
|
|
United Kingdom - 1.6% |
||||
|
EXIM of Ukraine 7.65% 9/7/11 (Issued by Credit Suisse International for EXIM of Ukraine) |
|
1,300,000 |
1,317,875 |
|
|
Standard Bank PLC 8.75% 2/9/16 (Issued by Standard Bank PLC for PrivatBank) (e) |
|
250,000 |
212,500 |
|
|
The State Export-Import Bank of Ukraine JSC 5.793% 2/9/16 (Issued by Credit Suisse First Boston International for The State Export-Import Bank of Ukraine JSC) (b) |
|
500,000 |
452,500 |
|
|
TOTAL UNITED KINGDOM |
1,982,875 |
|||
|
United States of America - 1.2% |
||||
|
Drummond Co., Inc. 7.375% 2/15/16 |
|
280,000 |
288,400 |
|
|
Ferrexpo Finance PLC 7.875% 4/7/16 (c) |
|
290,000 |
290,000 |
|
|
Korea Development Bank 4% 9/9/16 |
|
200,000 |
201,600 |
|
|
NII Capital Corp.: |
|
|
|
|
|
7.625% 4/1/21 |
|
85,000 |
86,700 |
|
|
10% 8/15/16 |
|
150,000 |
171,000 |
|
|
Pemex Project Funding Master Trust 6.625% 6/15/35 |
|
250,000 |
251,625 |
|
|
Southern Copper Corp. 6.75% 4/16/40 |
|
250,000 |
252,748 |
|
|
TOTAL UNITED STATES OF AMERICA |
1,542,073 |
|||
|
Venezuela - 3.0% |
||||
|
Petroleos de Venezuela SA: |
|
|
|
|
|
4.9% 10/28/14 |
|
850,000 |
624,750 |
|
|
5.25% 4/12/17 |
|
550,000 |
332,750 |
|
|
5.375% 4/12/27 |
|
2,100,000 |
987,000 |
|
|
5.5% 4/12/37 |
|
775,000 |
354,563 |
|
|
8% 11/17/13 (c) |
|
150,000 |
139,125 |
|
|
12.75% 2/17/22 (c) |
|
1,715,000 |
1,351,420 |
|
|
TOTAL VENEZUELA |
3,789,608 |
|||
|
TOTAL NONCONVERTIBLE BONDS (Cost $34,734,676) |
34,732,452 |
|||
|
Government Obligations - 56.5% |
||||
|
|
Principal Amount (f) |
Value |
||
|
Argentina - 7.1% |
||||
|
Argentine Republic: |
|
|
|
|
|
discount (with partial capitalization through 12/31/13) 8.28% 12/31/33 |
|
$ 780,571 |
$ 694,708 |
|
|
par 2.5% 12/31/38 (b) |
|
700,000 |
301,000 |
|
|
0.4677% 8/3/12 (e) |
|
3,187,500 |
3,101,314 |
|
|
7% 9/12/13 |
|
2,450,000 |
2,483,619 |
|
|
7% 10/3/15 |
|
1,865,000 |
1,757,400 |
|
|
Buenos Aires Province 11.75% 10/5/15 (c) |
|
100,000 |
103,700 |
|
|
Provincia de Cordoba 12.375% 8/17/17 (c) |
|
425,000 |
439,875 |
|
|
TOTAL ARGENTINA |
8,881,616 |
|||
|
Bahamas (Nassau) - 0.3% |
||||
|
Bahamian Republic 6.95% 11/20/29 (c) |
|
300,000 |
310,500 |
|
|
Bahrain - 0.2% |
||||
|
Kingdom Bahrain 5.5% 3/31/20 |
|
200,000 |
190,500 |
|
|
Barbados - 0.3% |
||||
|
Barbados Government 7.25% 12/15/21 (c) |
|
300,000 |
309,000 |
|
|
Belarus - 0.4% |
||||
|
Belarus Republic: |
|
|
|
|
|
8.75% 8/3/15 |
|
350,000 |
313,250 |
|
|
8.95% 1/26/18 (Reg. S) |
|
200,000 |
174,500 |
|
|
TOTAL BELARUS |
487,750 |
|||
|
Brazil - 1.8% |
||||
|
Brazilian Federative Republic: |
|
|
|
|
|
5.625% 1/7/41 |
|
575,000 |
565,800 |
|
|
5.875% 1/15/19 |
|
150,000 |
165,750 |
|
|
7.125% 1/20/37 |
|
325,000 |
384,313 |
|
|
8.75% 2/4/25 |
|
150,000 |
202,875 |
|
|
10.125% 5/15/27 |
|
300,000 |
453,750 |
|
|
12.25% 3/6/30 |
|
250,000 |
445,000 |
|
|
TOTAL BRAZIL |
2,217,488 |
|||
|
Bulgaria - 0.1% |
||||
|
Bulgarian Republic 8.25% 1/15/15 (Reg. S) |
|
150,000 |
174,570 |
|
|
Colombia - 1.5% |
||||
|
Colombian Republic: |
|
|
|
|
|
6.125% 1/18/41 |
|
300,000 |
306,000 |
|
|
7.375% 3/18/19 |
|
100,000 |
119,500 |
|
|
7.375% 9/18/37 |
|
550,000 |
651,750 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Colombia - continued |
||||
|
Colombian Republic: - continued |
|
|
|
|
|
10.375% 1/28/33 |
|
$ 250,000 |
$ 375,000 |
|
|
11.75% 2/25/20 |
|
250,000 |
376,875 |
|
|
TOTAL COLOMBIA |
1,829,125 |
|||
|
Congo - 0.2% |
||||
|
Congo Republic 3% 6/30/29 (b) |
|
498,750 |
304,238 |
|
|
Croatia - 0.5% |
||||
|
Croatia Republic: |
|
|
|
|
|
6.375% 3/24/21 (c) |
|
200,000 |
200,700 |
|
|
6.625% 7/14/20 (c) |
|
175,000 |
180,906 |
|
|
6.75% 11/5/19 (c) |
|
225,000 |
235,577 |
|
|
TOTAL CROATIA |
617,183 |
|||
|
Dominican Republic - 0.6% |
||||
|
Dominican Republic: |
|
|
|
|
|
1.2713% 8/30/24 (e) |
|
250,000 |
222,500 |
|
|
7.5% 5/6/21 (c) |
|
300,000 |
306,000 |
|
|
9.04% 1/23/18 (c) |
|
163,947 |
181,981 |
|
|
TOTAL DOMINICAN REPUBLIC |
710,481 |
|||
|
Egypt - 0.3% |
||||
|
Arab Republic of Egypt: |
|
|
|
|
|
5.75% 4/29/20 (c) |
|
200,000 |
194,700 |
|
|
6.875% 4/30/40 (c) |
|
150,000 |
137,250 |
|
|
TOTAL EGYPT |
331,950 |
|||
|
El Salvador - 0.5% |
||||
|
El Salvador Republic: |
|
|
|
|
|
7.375% 12/1/19 (c) |
|
100,000 |
108,000 |
|
|
7.625% 2/1/41 (c) |
|
150,000 |
147,000 |
|
|
7.65% 6/15/35 (Reg. S) |
|
150,000 |
149,250 |
|
|
7.75% 1/24/23 (Reg. S) |
|
150,000 |
166,125 |
|
|
8.25% 4/10/32 (Reg. S) |
|
100,000 |
108,750 |
|
|
TOTAL EL SALVADOR |
679,125 |
|||
|
Gabon - 0.3% |
||||
|
Gabonese Republic 8.2% 12/12/17 (c) |
|
300,000 |
352,500 |
|
|
Georgia - 0.4% |
||||
|
Georgia Republic 7.5% 4/15/13 |
|
450,000 |
481,500 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Ghana - 0.9% |
||||
|
Ghana Republic: |
|
|
|
|
|
8.5% 10/4/17 (c) |
|
$ 250,000 |
$ 278,750 |
|
|
14.99% 3/11/13 |
GHS |
1,250,000 |
851,450 |
|
|
TOTAL GHANA |
1,130,200 |
|||
|
Hungary - 0.7% |
||||
|
Hungarian Republic: |
|
|
|
|
|
4.75% 2/3/15 |
|
100,000 |
100,450 |
|
|
6.25% 1/29/20 |
|
200,000 |
202,880 |
|
|
6.375% 3/29/21 |
|
432,000 |
437,400 |
|
|
7.625% 3/29/41 |
|
92,000 |
93,150 |
|
|
TOTAL HUNGARY |
833,880 |
|||
|
Indonesia - 2.8% |
||||
|
Indonesian Republic: |
|
|
|
|
|
5.875% 3/13/20 (c) |
|
575,000 |
611,628 |
|
|
6.625% 2/17/37 (c) |
|
350,000 |
372,750 |
|
|
6.875% 1/17/18 (c) |
|
200,000 |
226,500 |
|
|
7.5% 1/15/16 (c) |
|
100,000 |
116,375 |
|
|
7.75% 1/17/38 (c) |
|
575,000 |
685,688 |
|
|
8.5% 10/12/35 (Reg. S) |
|
425,000 |
543,469 |
|
|
11.625% 3/4/19 (c) |
|
575,000 |
825,125 |
|
|
Perusahaan Penerbit SBSN Indonesia 8.8% 4/23/14 (c) |
|
125,000 |
145,000 |
|
|
TOTAL INDONESIA |
3,526,535 |
|||
|
Iraq - 0.7% |
||||
|
Republic of Iraq 5.8% 1/15/28 (Reg. S) |
|
975,000 |
897,000 |
|
|
Jordan - 0.1% |
||||
|
Jordanian Kingdom 3.875% 11/12/15 |
|
200,000 |
183,500 |
|
|
Lebanon - 0.7% |
||||
|
Lebanese Republic 4% 12/31/17 |
|
885,500 |
850,080 |
|
|
Lithuania - 0.8% |
||||
|
Lithuanian Republic: |
|
|
|
|
|
5.125% 9/14/17 (c) |
|
100,000 |
100,250 |
|
|
6.125% 3/9/21 (c) |
|
200,000 |
204,000 |
|
|
6.75% 1/15/15 (c) |
|
225,000 |
245,250 |
|
|
7.375% 2/11/20 (c) |
|
400,000 |
445,500 |
|
|
TOTAL LITHUANIA |
995,000 |
|||
|
Government Obligations - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Mexico - 2.8% |
||||
|
United Mexican States: |
|
|
|
|
|
5.125% 1/15/20 |
|
$ 748,000 |
$ 777,920 |
|
|
5.625% 1/15/17 |
|
150,000 |
165,000 |
|
|
5.75% 10/12/10 |
|
500,000 |
447,500 |
|
|
6.05% 1/11/40 |
|
1,200,000 |
1,227,000 |
|
|
6.75% 9/27/34 |
|
575,000 |
644,000 |
|
|
7.5% 4/8/33 |
|
150,000 |
182,625 |
|
|
TOTAL MEXICO |
3,444,045 |
|||
|
Nigeria - 0.5% |
||||
|
Republic of Nigeria 6.75% 1/28/21 (c) |
|
575,000 |
567,813 |
|
|
Pakistan - 0.7% |
||||
|
Islamic Republic of Pakistan 7.125% 3/31/16 (c) |
|
1,050,000 |
913,500 |
|
|
Peru - 1.0% |
||||
|
Peruvian Republic: |
|
|
|
|
|
5.625% 11/18/50 |
|
475,000 |
428,688 |
|
|
7.35% 7/21/25 |
|
150,000 |
177,750 |
|
|
8.75% 11/21/33 |
|
475,000 |
636,500 |
|
|
TOTAL PERU |
1,242,938 |
|||
|
Philippines - 1.0% |
||||
|
Philippine Republic: |
|
|
|
|
|
5.5% 3/30/26 |
|
200,000 |
197,000 |
|
|
6.375% 1/15/32 |
|
100,000 |
104,750 |
|
|
6.375% 10/23/34 |
|
150,000 |
157,125 |
|
|
6.5% 1/20/20 |
|
150,000 |
169,500 |
|
|
9.5% 2/2/30 |
|
225,000 |
315,000 |
|
|
10.625% 3/16/25 |
|
210,000 |
311,325 |
|
|
TOTAL PHILIPPINES |
1,254,700 |
|||
|
Poland - 0.1% |
||||
|
Polish Government 3.875% 7/16/15 |
|
100,000 |
100,875 |
|
|
Russia - 7.6% |
||||
|
Russian Federation: |
|
|
|
|
|
3.625% 4/29/15 (c) |
|
600,000 |
606,750 |
|
|
5% 4/29/20 (c) |
|
1,100,000 |
1,115,125 |
|
|
7.5% 3/31/30 (Reg. S) |
|
5,311,100 |
6,206,013 |
|
|
11% 7/24/18 (Reg. S) |
|
100,000 |
142,000 |
|
|
12.75% 6/24/28 (Reg. S) |
|
800,000 |
1,401,000 |
|
|
TOTAL RUSSIA |
9,470,888 |
|||
|
Government Obligations - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Serbia - 1.8% |
||||
|
Republic of Serbia 6.75% 11/1/24 (c) |
|
$ 2,282,000 |
$ 2,293,410 |
|
|
Sri Lanka - 0.9% |
||||
|
Democratic Socialist Republic of Sri Lanka: |
|
|
|
|
|
6.25% 10/4/20 (c) |
|
450,000 |
438,188 |
|
|
7.4% 1/22/15 (c) |
|
450,000 |
482,625 |
|
|
8.25% 10/24/12 (c) |
|
200,000 |
212,500 |
|
|
TOTAL SRI LANKA |
1,133,313 |
|||
|
Turkey - 5.8% |
||||
|
Turkish Republic: |
|
|
|
|
|
5.625% 3/30/21 |
|
250,000 |
255,325 |
|
|
6% 1/14/41 |
|
200,000 |
187,100 |
|
|
6.75% 4/3/18 |
|
750,000 |
837,225 |
|
|
6.75% 5/30/40 |
|
550,000 |
571,340 |
|
|
6.875% 3/17/36 |
|
1,050,000 |
1,114,365 |
|
|
7% 9/26/16 |
|
400,000 |
452,520 |
|
|
7.25% 3/15/15 |
|
250,000 |
282,825 |
|
|
7.25% 3/5/38 |
|
450,000 |
498,375 |
|
|
7.375% 2/5/25 |
|
1,050,000 |
1,211,490 |
|
|
7.5% 7/14/17 |
|
650,000 |
754,000 |
|
|
7.5% 11/7/19 |
|
300,000 |
349,140 |
|
|
11.875% 1/15/30 |
|
450,000 |
747,000 |
|
|
TOTAL TURKEY |
7,260,705 |
|||
|
Ukraine - 2.0% |
||||
|
Ukraine Financing of Infrastructure Projects State Enterprise 8.375% 11/3/17 (c) |
|
300,000 |
316,500 |
|
|
Ukraine Government: |
|
|
|
|
|
6.385% 6/26/12 (c) |
|
300,000 |
310,050 |
|
|
6.75% 11/14/17 (c) |
|
525,000 |
533,663 |
|
|
6.875% 9/23/15 (c) |
|
300,000 |
310,500 |
|
|
7.65% 6/11/13 (c) |
|
300,000 |
317,250 |
|
|
7.75% 9/23/20 (c) |
|
300,000 |
309,000 |
|
|
7.95% 2/23/21 (c) |
|
400,000 |
412,000 |
|
|
TOTAL UKRAINE |
2,508,963 |
|||
|
United States of America - 2.5% |
||||
|
U.S. Treasury Bonds 3.875% 8/15/40 |
|
3,475,000 |
3,107,411 |
|
|
Uruguay - 0.8% |
||||
|
Uruguay Republic: |
|
|
|
|
|
6.875% 9/28/25 |
|
100,000 |
115,380 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (f) |
Value |
||
|
Uruguay - continued |
||||
|
Uruguay Republic: - continued |
|
|
|
|
|
7.875% 1/15/33 pay-in-kind |
|
$ 200,000 |
$ 242,000 |
|
|
8% 11/18/22 |
|
550,000 |
684,750 |
|
|
TOTAL URUGUAY |
1,042,130 |
|||
|
Venezuela - 6.6% |
||||
|
Venezuelan Republic: |
|
|
|
|
|
1.3031% 4/20/11 (Reg. S) (e) |
|
1,950,000 |
1,945,125 |
|
|
6% 12/9/20 |
|
450,000 |
266,625 |
|
|
7% 3/31/38 |
|
400,000 |
223,000 |
|
|
8.5% 10/8/14 |
|
500,000 |
455,000 |
|
|
9% 5/7/23 (Reg. S) |
|
1,825,000 |
1,248,300 |
|
|
9.25% 9/15/27 |
|
1,250,000 |
925,000 |
|
|
9.25% 5/7/28 (Reg. S) |
|
400,000 |
271,000 |
|
|
9.375% 1/13/34 |
|
350,000 |
236,250 |
|
|
10.75% 9/19/13 |
|
500,000 |
501,250 |
|
|
12.75% 8/23/22 |
|
1,550,000 |
1,336,875 |
|
|
13.625% 8/15/18 |
|
850,000 |
816,000 |
|
|
TOTAL VENEZUELA |
8,224,425 |
|||
|
Vietnam - 1.2% |
||||
|
Vietnamese Socialist Republic: |
|
|
|
|
|
1.274% 3/12/16 (e) |
|
326,087 |
311,413 |
|
|
4% 3/12/28 (b) |
|
900,000 |
762,750 |
|
|
6.75% 1/29/20 (c) |
|
200,000 |
210,000 |
|
|
6.875% 1/15/16 (c) |
|
200,000 |
215,000 |
|
|
TOTAL VIETNAM |
1,499,163 |
|||
|
TOTAL GOVERNMENT OBLIGATIONS (Cost $70,359,736) |
70,358,000 |
|||
|
Supranational Obligations - 0.2% |
||||
|
|
||||
|
Eurasian Development Bank 7.375% 9/29/14 (c) |
|
225,000 |
246,656 |
|
|
Preferred Securities - 0.6% |
|||
|
|
|
|
|
|
Brazil - 0.6% |
|||
|
Net Servicos de Comunicacao SA 9.25% (c)(d) |
755,000 |
768,595 |
|
|
Money Market Funds - 23.3% |
|||
|
Shares |
Value |
||
|
Fidelity Cash Central Fund, 0.16% (a) |
29,074,453 |
$ 29,074,453 |
|
|
Cash Equivalents - 26.1% |
|||
|
Maturity Amount |
|
||
|
Investments in repurchase agreements in a joint trading account at: |
|
|
|
|
0.11%, dated 3/31/11 due 4/1/11 (Collateralized by U.S. Treasury Obligations) # |
$ 14,714,044 |
14,714,000 |
|
|
0.12%, dated 3/31/11 due 4/1/11 (Collateralized by U.S. Treasury Obligations) # |
17,802,057 |
17,802,000 |
|
|
TOTAL CASH EQUIVALENTS (Cost $32,516,000) |
32,516,000 |
||
|
TOTAL INVESTMENT PORTFOLIO - 134.6% (Cost $167,701,798) |
167,696,156 |
||
|
NET OTHER ASSETS (LIABILITIES) - (34.6)% |
(43,120,765) |
||
|
NET ASSETS - 100% |
$ 124,575,391 |
||
|
Currency Abbreviations |
||
|
GHS |
- |
Ghana Cedi |
|
Legend |
|
(a) 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. |
|
(b) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
|
(c) 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 $39,519,570 or 31.7% of net assets. |
|
(d) Security is perpetual in nature with no stated maturity date. |
|
(e) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
|
(f) Principal amount is stated in United States dollars unless otherwise noted. |
|
# Additional information on each counterparty to the repurchase agreement is as follows: |
|
Repurchase Agreement / Counterparty |
Value |
|
$14,714,000 due 4/01/11 at 0.11% |
|
|
BNP Paribas Securities Corp. |
$ 6,482,079 |
|
Barclays Capital, Inc. |
5,631,229 |
|
Merrill Lynch, Pierce, Fenner & Smith, Inc. |
2,600,692 |
|
|
$ 14,714,000 |
|
Repurchase Agreement / Counterparty |
Value |
|
$17,802,000 due 4/01/11 at 0.12% |
|
|
BNP Paribas Securities Corp. |
$ 2,724,947 |
|
Credit Agricole Securities (USA), Inc. |
2,287,353 |
|
HSBC Securities (USA), Inc. |
5,950,827 |
|
Mizuho Securities USA, Inc. |
2,287,353 |
|
RBS Securities, Inc. |
3,407,843 |
|
UBS Securities LLC |
1,143,677 |
|
|
$ 17,802,000 |
|
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 |
$ 1,383 |
|
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: |
||||
|
Corporate Bonds |
$ 34,732,452 |
$ - |
$ 34,732,452 |
$ - |
|
Government Obligations |
70,358,000 |
- |
70,358,000 |
- |
|
Supranational Obligations |
246,656 |
- |
246,656 |
- |
|
Preferred Securities |
768,595 |
- |
768,595 |
- |
|
Money Market Funds |
29,074,453 |
29,074,453 |
- |
- |
|
Cash Equivalents |
32,516,000 |
- |
32,516,000 |
- |
|
Total Investments in Securities: |
$ 167,696,156 |
$ 29,074,453 |
$ 138,621,703 |
$ - |
|
Income Tax Information |
|
At March 31, 2011, the cost of investment securities for income tax purposes was $167,695,781. Net unrealized appreciation aggregated $375, of which $371,810 related to appreciated investment securities and $371,435 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, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The 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: |
|
Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For corporate bonds, foreign government and government agency obligations, preferred securities and supranational obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy. |
|
Short-term securities with remaining maturities of sixty days or less may be valued at amortized cost, which approximates fair value, and are categorized as Level 2 in the hierarchy. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These 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 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
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
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/s/Christine Reynolds |
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Christine Reynolds |
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Chief Financial Officer |