0000035348-12-000105.txt : 20121129 0000035348-12-000105.hdr.sgml : 20121129 20121129131253 ACCESSION NUMBER: 0000035348-12-000105 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120930 FILED AS OF DATE: 20121129 DATE AS OF CHANGE: 20121129 EFFECTIVENESS DATE: 20121129 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIDELITY HASTINGS STREET TRUST CENTRAL INDEX KEY: 0000035348 IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00215 FILM NUMBER: 121231105 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE STREET CITY: BOSTON STATE: MA ZIP: 02109 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: FIDELITY FUND INC DATE OF NAME CHANGE: 19851205 0000035348 S000031547 Fidelity Series Emerging Markets Debt Fund C000098197 Fidelity Series Emerging Markets Debt Fund FEDCX C000098198 Class F FEDFX N-Q 1 main.htm

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:

September 30, 2012

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Series
Emerging Markets Debt Fund

September 30, 2012 

1.924256.101

SED-QTLY-1112

Investments September 30, 2012 (Unaudited)

Showing Percentage of Net Assets

Corporate Bonds - 31.9%

 

Principal
Amount (c)

Value

Convertible Bonds - 0.6%

Bailiwick of Jersey - 0.6%

Vedanta Resources Jersey II Ltd.:

4% 3/30/17

$ 5,800,000

$ 5,727,500

5.5% 7/13/16

800,000

769,200

TOTAL BAILIWICK OF JERSEY

6,496,700

Nonconvertible Bonds - 31.3%

Argentina - 1.3%

Aeropuertos Argentina 2000 SA 10.75% 12/1/20 (e)

2,869,980

2,826,930

Empresa Distribuidora y Comercializadora Norte SA 9.75% 10/25/22 (e)

2,630,000

1,315,000

Pan American Energy LLC 7.875% 5/7/21 (e)

2,395,000

2,167,475

Transportadora de Gas del Sur SA 7.875% 5/14/17 (e)

9,490,000

8,066,500

TOTAL ARGENTINA

14,375,905

Brazil - 0.8%

Banco Nacional de Desenvolvimento Economico e Social 6.5% 6/10/19 (e)

1,360,000

1,676,200

OGX Petroleo e Gas Participacoes SA 8.5% 6/1/18 (e)

4,210,000

3,767,950

Vale SA 5.625% 9/11/42

1,755,000

1,785,398

Votorantim Cimentos SA 7.25% 4/5/41 (e)

1,825,000

1,971,000

TOTAL BRAZIL

9,200,548

British Virgin Islands - 0.5%

Arcos Dorados Holdings, Inc. 10.25% 7/13/16 (e)

BRL

10,202,000

5,359,541

Canada - 0.5%

Pacific Rubiales Energy Corp. 7.25% 12/12/21 (e)

4,623,000

5,408,910

Sino-Forest Corp. 6.25% 10/21/17 (b)(e)

3,220,000

499,100

TOTAL CANADA

5,908,010

Cayman Islands - 1.9%

Fibria Overseas Finance Ltd. 6.75% 3/3/21 (e)

970,000

1,028,200

Mongolian Mining Corp. 8.875% 3/29/17 (e)

2,650,000

2,696,375

Odebrecht Finance Ltd. 7.5% (e)(f)

6,510,000

6,916,875

Petrobras International Finance Co. Ltd.:

5.375% 1/27/21

3,265,000

3,678,907

6.875% 1/20/40

2,185,000

2,724,695

8.375% 12/10/18

3,055,000

3,886,571

TOTAL CAYMAN ISLANDS

20,931,623

Corporate Bonds - continued

 

Principal
Amount (c)

Value

Nonconvertible Bonds - continued

Chile - 0.1%

Automotores Gildemeister SA 8.25% 5/24/21 (e)

$ 1,520,000

$ 1,658,624

Costa Rica - 0.1%

Instituto Costarricense de Electricidad 6.95% 11/10/21 (e)

870,000

965,700

Croatia - 0.1%

Agrokor d.d. 8.875% 2/1/20 (e)(g)

630,000

630,000

El Salvador - 0.4%

Telemovil Finance Co. Ltd. 8% 10/1/17 (e)

4,459,000

4,659,655

Georgia - 0.4%

Georgia Bank Joint Stock Co. 7.75% 7/5/17 (e)

2,790,000

2,866,725

JSC Georgian Railway 7.75% 7/11/22 (e)

1,565,000

1,760,625

TOTAL GEORGIA

4,627,350

Germany - 0.2%

Rearden G Holdings Eins GmbH 7.875% 3/30/20 (e)

2,290,000

2,527,473

Indonesia - 1.5%

Indo Energy Finance BV 7% 5/7/18 (e)

2,735,000

2,830,725

PT Adaro Indonesia 7.625% 10/22/19 (e)

2,450,000

2,694,804

PT Pertamina Persero:

4.875% 5/3/22 (e)

2,870,000

3,070,900

5.25% 5/23/21 (e)

2,000,000

2,195,000

6% 5/3/42 (e)

2,445,000

2,640,600

6.5% 5/27/41 (e)

3,020,000

3,442,800

TOTAL INDONESIA

16,874,829

Ireland - 1.4%

Vimpel Communications OJSC 7.748% 2/2/21 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (e)

2,575,000

2,742,375

Vnesheconombank Via VEB Finance PLC:

5.375% 2/13/17 (e)

1,740,000

1,887,900

6.025% 7/5/22 (e)

2,995,000

3,339,425

6.8% 11/22/25 (e)

1,819,000

2,132,778

6.902% 7/9/20 (e)

4,515,000

5,282,550

TOTAL IRELAND

15,385,028

Isle of Man - 0.2%

AngloGold Ashanti Holdings PLC 5.125% 8/1/22

2,465,000

2,520,463

Corporate Bonds - continued

 

Principal
Amount (c)

Value

Nonconvertible Bonds - continued

Kazakhstan - 0.6%

Kazkommerts International BV 7.875% 4/7/14 (Reg. S)

$ 980,000

$ 965,300

Zhaikmunai Finance BV 10.5% 10/19/15 (e)

5,575,000

5,958,281

TOTAL KAZAKHSTAN

6,923,581

Luxembourg - 2.5%

Alrosa Finance SA 7.75% 11/3/20 (e)

1,850,000

2,081,250

Aquarius Investments Luxemburg 8.25% 2/18/16

2,885,000

3,115,800

EVRAZ Group SA:

8.25% 11/10/15 (e)

4,925,000

5,380,563

9.5% 4/24/18 (Reg. S)

1,950,000

2,194,082

MHP SA 10.25% 4/29/15 (e)

2,385,000

2,456,550

RSHB Capital SA:

6% 6/3/21 (e)

1,005,000

1,021,281

9% 6/11/14 (e)

1,210,000

1,341,648

TMK Capital SA 7.75% 1/27/18

3,745,000

3,819,900

Vimpel Communications 8.25% 5/23/16 (Reg. S) (Issued by UBS Luxembourg SA for Vimpel Communications)

6,575,000

7,216,063

TOTAL LUXEMBOURG

28,627,137

Mexico - 3.6%

Alestra SA de RL de CV 11.75% 8/11/14

4,645,000

5,225,625

Comision Federal de Electricid 5.75% 2/14/42 (e)

950,000

1,064,000

Gruma SAB de CV 7.75% (Reg. S) (f)

3,409,000

3,443,090

Petroleos Mexicanos:

4.875% 1/24/22

2,305,000

2,601,193

5.5% 1/21/21

2,950,000

3,454,450

5.5% 6/27/44

3,380,000

3,684,200

6% 3/5/20

2,000,000

2,405,000

6.5% 6/2/41

2,415,000

3,010,298

6.625% (e)(f)

9,055,000

9,607,355

8% 5/3/19

1,350,000

1,773,225

TV Azteca SA de CV 7.5% 5/25/18 (Reg. S)

3,685,000

3,841,613

TOTAL MEXICO

40,110,049

Mongolia - 0.2%

Trade & Development Bank of Mongolia LLC 8.5% 10/25/13

2,325,000

2,362,898

Multi-National - 0.5%

Eastern and Southern African Trade and Development Bank 6.875% 1/9/16 (Reg. S)

1,500,000

1,500,000

Corporate Bonds - continued

 

Principal
Amount (c)

Value

Nonconvertible Bonds - continued

Multi-National - continued

International Bank for Reconstruction & Development:

8% 6/20/13

NGN

199,000,000

$ 1,203,874

8.2% 12/12/12

NGN

480,000,000

3,007,634

TOTAL MULTI-NATIONAL

5,711,508

Netherlands - 3.1%

Access Finance BV 7.25% 7/25/17 (e)

$ 1,740,000

1,818,300

DTEK Finance BV 9.5% 4/28/15 (e)

1,700,000

1,708,500

HSBK (Europe) BV:

7.25% 5/3/17 (e)

3,150,000

3,339,000

9.25% 10/16/13 (e)

1,920,000

2,025,600

Intergas Finance BV 6.375% 5/14/17 (Reg. S)

1,175,000

1,345,375

JSC Kazkommertsbank BV 8% 11/3/15 (e)

2,585,000

2,429,900

KazMunaiGaz Finance Sub BV:

6.375% 4/9/21 (e)

2,025,000

2,435,063

7% 5/5/20 (e)

2,385,000

2,936,651

9.125% 7/2/18 (e)

2,825,000

3,647,923

11.75% 1/23/15 (e)

2,425,000

2,928,188

Listrindo Capital BV 6.95% 2/21/19 (e)

1,530,000

1,675,350

Majapahit Holding BV:

7.25% 6/28/17 (Reg. S)

800,000

948,000

7.75% 1/20/20 (e)

1,650,000

2,074,875

8% 8/7/19 (e)

1,175,000

1,483,438

Metinvest BV 10.25% 5/20/15 (e)

2,100,000

2,115,750

VimpelCom Holdings BV 7.5043% 3/1/22 (e)

1,845,000

1,932,638

TOTAL NETHERLANDS

34,844,551

Pakistan - 0.5%

Pakistan Mobile Communications Ltd. 8.625% 11/13/13 (e)

5,464,000

5,382,040

Paraguay - 0.2%

BBVA Paraguay SA 9.75% 2/11/16 (e)

2,550,000

2,677,500

Philippines - 0.5%

Development Bank of Philippines 8.375% (f)(h)

3,065,000

3,386,825

Power Sector Assets and Liabilities Management Corp. 7.39% 12/2/24 (e)

1,300,000

1,800,500

TOTAL PHILIPPINES

5,187,325

Corporate Bonds - continued

 

Principal
Amount (c)

Value

Nonconvertible Bonds - continued

Russia - 0.6%

MTS International Funding Ltd. 8.625% 6/22/20 (e)

$ 5,950,000

$ 7,169,750

Turkey - 0.8%

Akbank T.A.S. 5.125% 7/22/15 (e)

4,275,000

4,429,969

Turkiye Garanti Bankasi A/S 4% 9/13/17 (e)

1,485,000

1,492,425

Yapi ve Kredi Bankasi A/S 6.75% 2/8/17 (e)

2,515,000

2,703,625

TOTAL TURKEY

8,626,019

Ukraine - 0.3%

Naftogaz of Ukraine NJSC 9.5% 9/30/14

3,180,000

3,203,850

United Kingdom - 0.9%

Afren PLC 11.5% 2/1/16 (e)

1,550,000

1,763,125

Biz Finance PLC 8.375% 4/27/15 (Reg. S)

4,000,000

3,870,000

SSB #1 PLC 8.25% 3/10/16

550,000

524,590

The State Export-Import Bank of Ukraine JSC 5.7928% 2/9/16 (Issued by Credit Suisse First Boston International for The State Export-Import Bank of Ukraine JSC) (d)

4,300,000

3,526,000

TOTAL UNITED KINGDOM

9,683,715

United States of America - 1.4%

Braskem America Finance Co. 7.125% 7/22/41 (e)

1,060,000

1,134,200

Pemex Project Funding Master Trust:

5.75% 3/1/18

2,855,000

3,337,495

6.625% 6/15/35

8,115,000

10,216,785

Southern Copper Corp. 6.75% 4/16/40

1,375,000

1,584,674

TOTAL UNITED STATES OF AMERICA

16,273,154

US Virgin Islands - 0.1%

Magnesita Finance Ltd. 8.625% (e)(f)

1,495,000

1,547,325

Venezuela - 6.1%

Petroleos de Venezuela SA:

4.9% 10/28/14

13,975,000

12,619,425

5% 10/28/15

3,075,000

2,598,375

5.375% 4/12/27

6,135,000

3,803,700

5.5% 4/12/37

3,430,000

2,083,725

8% 11/17/13

1,535,000

1,539,605

8.5% 11/2/17 (e)

29,430,000

26,560,575

Corporate Bonds - continued

 

Principal
Amount (c)

Value

Nonconvertible Bonds - continued

Venezuela - continued

Petroleos de Venezuela SA: - continued

9% 11/17/21 (Reg. S)

$ 8,575,000

$ 7,353,063

12.75% 2/17/22 (e)

11,165,000

11,388,300

TOTAL VENEZUELA

67,946,768

TOTAL NONCONVERTIBLE BONDS

351,901,919

TOTAL CORPORATE BONDS

(Cost $336,969,768)


358,398,619

Government Obligations - 61.1%

 

Argentina - 5.0%

Argentine Republic:

discount (with partial capitalization through 12/31/13) 8.28% 12/31/33

6,739,241

5,307,152

2.5% 12/31/38 (d)

6,895,000

2,540,808

7% 9/12/13

24,480,000

24,305,920

7% 10/3/15

13,810,000

12,647,275

City of Buenos Aires 12.5% 4/6/15 (e)

7,455,000

7,529,550

Provincia de Cordoba 12.375% 8/17/17 (e)

4,855,000

4,029,650

TOTAL ARGENTINA

56,360,355

Aruba - 0.1%

Aruba Government 4.625% 9/14/23 (e)

1,470,000

1,470,000

Azerbaijan - 0.1%

State Oil Company of Azerbaijan Republic 5.45% 2/9/17

865,000

928,612

Bahamas (Nassau) - 0.2%

Bahamian Republic 6.95% 11/20/29 (e)

2,045,000

2,413,100

Belarus - 1.2%

Belarus Republic:

8.75% 8/3/15 (Reg. S)

10,500,000

10,368,750

8.95% 1/26/18

2,715,000

2,674,275

TOTAL BELARUS

13,043,025

Bermuda - 0.1%

Bermuda Government 4.138% 1/3/23 (e)

1,465,000

1,541,913

Government Obligations - continued

 

Principal
Amount (c)

Value

Brazil - 2.3%

Brazilian Federative Republic:

7.125% 1/20/37

$ 4,570,000

$ 6,906,641

8.25% 1/20/34

2,830,000

4,676,575

10.125% 5/15/27

4,770,000

8,621,775

12.25% 3/6/30

2,755,000

5,633,975

TOTAL BRAZIL

25,838,966

Colombia - 1.7%

Colombian Republic:

6.125% 1/18/41

2,870,000

3,874,500

7.375% 9/18/37

3,600,000

5,526,000

10.375% 1/28/33

4,170,000

7,610,250

11.75% 2/25/20

1,450,000

2,356,250

TOTAL COLOMBIA

19,367,000

Congo - 0.5%

Congo Republic 3% 6/30/29 (d)

7,388,150

5,947,461

Croatia - 1.7%

Croatia Republic:

6.25% 4/27/17 (e)

6,895,000

7,463,838

6.375% 3/24/21 (e)

3,150,000

3,496,500

6.625% 7/14/20 (e)

3,060,000

3,434,850

6.75% 11/5/19 (e)

4,075,000

4,594,563

TOTAL CROATIA

18,989,751

Dominican Republic - 1.0%

Dominican Republic:

1.2754% 8/30/24 (h)

3,650,000

3,358,000

7.5% 5/6/21 (e)

4,210,000

4,746,775

9.04% 1/23/18 (e)

2,235,138

2,508,942

TOTAL DOMINICAN REPUBLIC

10,613,717

El Salvador - 0.3%

El Salvador Republic:

7.625% 2/1/41 (e)

1,000,000

1,115,000

7.65% 6/15/35 (Reg. S)

1,275,000

1,402,500

8.25% 4/10/32 (Reg. S)

800,000

944,000

TOTAL EL SALVADOR

3,461,500

Gabon - 0.2%

Gabonese Republic 8.2% 12/12/17 (e)

1,550,000

1,875,500

Government Obligations - continued

 

Principal
Amount (c)

Value

Georgia - 0.4%

Georgia Republic 6.875% 4/12/21 (e)

$ 3,885,000

$ 4,428,900

Ghana - 0.6%

Ghana Republic:

8.5% 10/4/17 (e)

1,750,000

2,043,125

14.25% 7/29/13

GHS

2,350,000

1,212,798

14.99% 3/11/13

GHS

2,775,000

1,450,473

15.65% 6/3/13

GHS

3,320,000

1,734,565

TOTAL GHANA

6,440,961

Guatemala - 0.2%

Guatemalan Republic 5.75% 6/6/22 (e)

1,955,000

2,174,938

Hungary - 1.5%

Hungarian Republic:

4.75% 2/3/15

10,525,000

10,536,051

7.625% 3/29/41

5,520,000

6,182,400

TOTAL HUNGARY

16,718,451

Iceland - 0.4%

Republic of Iceland 5.875% 5/11/22 (e)

4,290,000

4,676,100

Indonesia - 3.9%

Indonesian Republic:

4.875% 5/5/21 (e)

4,390,000

5,026,550

5.25% 1/17/42 (e)

4,795,000

5,460,546

5.875% 3/13/20 (e)

4,675,000

5,633,375

6.625% 2/17/37 (e)

2,950,000

3,908,750

6.875% 1/17/18 (e)

2,300,000

2,817,500

7.75% 1/17/38 (e)

4,230,000

6,302,700

8.5% 10/12/35 (Reg. S)

4,850,000

7,681,430

11.625% 3/4/19 (e)

4,800,000

7,332,000

TOTAL INDONESIA

44,162,851

Iraq - 0.8%

Republic of Iraq 5.8% 1/15/28 (Reg. S)

9,175,000

8,395,125

Jordan - 0.1%

Jordanian Kingdom 3.875% 11/12/15

1,350,000

1,319,625

Latvia - 0.5%

Latvian Republic:

5.25% 2/22/17 (e)

3,465,000

3,820,163

5.25% 6/16/21 (e)

1,460,000

1,646,150

TOTAL LATVIA

5,466,313

Government Obligations - continued

 

Principal
Amount (c)

Value

Lebanon - 0.8%

Lebanese Republic:

4% 12/31/17

$ 7,350,750

$ 7,203,735

4.75% 11/2/16

1,050,000

1,039,500

5.15% 11/12/18

1,050,000

1,052,625

TOTAL LEBANON

9,295,860

Lithuania - 1.0%

Lithuanian Republic:

6.125% 3/9/21 (e)

3,075,000

3,666,938

6.625% 2/1/22 (e)

2,745,000

3,403,800

7.375% 2/11/20 (e)

3,650,000

4,640,063

TOTAL LITHUANIA

11,710,801

Mexico - 3.0%

United Mexican States:

4.75% 3/8/44

1,598,000

1,781,770

5.125% 1/15/20

3,148,000

3,761,860

5.75% 10/12/10

3,634,000

4,369,885

6.05% 1/11/40

7,432,000

9,940,300

6.75% 9/27/34

6,275,000

8,941,875

7.5% 4/8/33

1,800,000

2,736,000

8.3% 8/15/31

1,510,000

2,434,875

TOTAL MEXICO

33,966,565

Namibia - 0.2%

Republic of Namibia 5.5% 11/3/21 (e)

2,070,000

2,308,050

Nigeria - 0.3%

Republic of Nigeria:

0% 3/7/13

NGN

172,000,000

1,030,541

6.75% 1/28/21 (e)

1,500,000

1,702,500

16.9% 6/6/13

NGN

74,000,000

428,538

TOTAL NIGERIA

3,161,579

Pakistan - 0.7%

Islamic Republic of Pakistan 7.125% 3/31/16 (e)

8,125,000

7,353,125

Peru - 1.5%

Peruvian Republic:

4% 3/7/27 (d)

3,350,000

3,350,000

5.625% 11/18/50

2,125,000

2,751,875

Government Obligations - continued

 

Principal
Amount (c)

Value

Peru - continued

Peruvian Republic: - continued

7.35% 7/21/25

$ 1,500,000

$ 2,191,500

8.75% 11/21/33

4,680,000

8,131,500

TOTAL PERU

16,424,875

Philippines - 2.2%

Philippine Republic:

7.5% 9/25/24

890,000

1,266,025

7.75% 1/14/31

4,590,000

7,022,700

9.5% 2/2/30

4,645,000

8,030,276

9.875% 1/15/19

1,325,000

1,917,938

10.625% 3/16/25

3,535,000

6,195,088

TOTAL PHILIPPINES

24,432,027

Poland - 0.6%

Polish Government:

3% 3/17/23

1,760,000

1,729,200

6.375% 7/15/19

4,125,000

5,094,375

TOTAL POLAND

6,823,575

Qatar - 0.2%

State of Qatar 5.75% 1/20/42 (e)

2,140,000

2,707,100

Romania - 0.5%

Romanian Republic 6.75% 2/7/22 (e)

4,521,000

5,074,823

Russia - 6.1%

Russian Federation:

3.25% 4/4/17 (e)

2,400,000

2,526,000

4.5% 4/4/22 (e)

2,400,000

2,676,000

5.625% 4/4/42 (e)

5,600,000

6,727,280

7.5% 3/31/30 (Reg. S)

27,946,500

35,282,438

11% 7/24/18 (Reg. S)

2,080,000

3,031,600

12.75% 6/24/28 (Reg. S)

9,320,000

18,138,584

TOTAL RUSSIA

68,381,902

Senegal - 0.1%

Republic of Senegal 8.75% 5/13/21 (e)

660,000

798,600

Serbia - 1.3%

Republic of Serbia 6.75% 11/1/24 (e)

14,575,003

14,283,503

Slovakia - 0.5%

Slovakia Republic 4.375% 5/21/22 (e)

5,265,000

5,548,257

Government Obligations - continued

 

Principal
Amount (c)

Value

Sri Lanka - 1.1%

Democratic Socialist Republic of Sri Lanka:

5.875% 7/25/22 (e)

$ 995,000

$ 1,069,625

6.25% 10/4/20 (e)

4,280,000

4,675,900

6.25% 7/27/21 (e)

2,170,000

2,376,150

7.4% 1/22/15 (e)

3,675,000

4,005,750

TOTAL SRI LANKA

12,127,425

Turkey - 7.2%

Turkish Republic:

0% 5/15/13

TRY

1,910,000

1,018,206

5.125% 3/25/22

2,315,000

2,569,650

5.625% 3/30/21

3,275,000

3,733,500

6% 1/14/41

3,510,000

4,080,375

6.25% 9/26/22

2,725,000

3,276,813

6.75% 4/3/18

4,500,000

5,343,750

6.75% 5/30/40

3,200,000

4,080,000

6.875% 3/17/36

7,270,000

9,242,351

7% 9/26/16

4,150,000

4,824,375

7% 3/11/19

1,770,000

2,159,400

7.25% 3/15/15

4,275,000

4,755,938

7.25% 3/5/38

4,825,000

6,429,313

7.375% 2/5/25

7,175,000

9,327,500

7.5% 7/14/17

4,550,000

5,471,375

7.5% 11/7/19

4,250,000

5,360,525

8% 2/14/34

1,900,000

2,693,250

11.875% 1/15/30

3,650,000

6,898,500

TOTAL TURKEY

81,264,821

Ukraine - 2.2%

Ukraine Financing of Infrastructure Projects State Enterprise 8.375% 11/3/17 (e)

4,200,000

3,864,000

Ukraine Government:

6.25% 6/17/16 (e)

3,415,000

3,273,961

6.75% 11/14/17 (e)

1,675,000

1,597,448

7.65% 6/11/13 (e)

8,030,000

8,090,225

7.75% 9/23/20 (e)

2,550,000

2,499,000

7.95% 2/23/21 (e)

1,700,000

1,691,500

9.25% 7/24/17 (e)

3,515,000

3,694,968

TOTAL UKRAINE

24,711,102

United Arab Emirates - 0.1%

United Arab Emirates 7.75% 10/5/20 (Reg. S)

1,190,000

1,410,150

Government Obligations - continued

 

Principal
Amount (c)

Value

United States of America - 0.2%

U.S. Treasury Bonds 2.75% 8/15/42

$ 2,644,000

$ 2,603,928

Uruguay - 0.6%

Uruguay Republic:

7.875% 1/15/33 pay-in-kind

3,925,000

6,132,813

8% 11/18/22

641,250

931,416

TOTAL URUGUAY

7,064,229

Venezuela - 6.5%

Venezuelan Republic:

oil recovery rights 4/15/20 (i)

57,010

1,696,048

6% 12/9/20

2,330,000

1,759,150

7% 3/31/38

2,000,000

1,465,000

7.75% 10/13/19 (Reg. S)

4,245,000

3,682,538

8.5% 10/8/14

3,375,000

3,391,875

9% 5/7/23 (Reg. S)

11,075,000

9,757,075

9.25% 9/15/27

7,100,000

6,390,000

9.25% 5/7/28 (Reg. S)

4,215,000

3,709,200

9.375% 1/13/34

3,930,000

3,487,875

10.75% 9/19/13

3,535,000

3,623,375

11.75% 10/21/26 (Reg. S)

6,215,000

6,261,613

11.95% 8/5/31 (Reg. S)

10,535,000

10,745,700

12.75% 8/23/22

14,000,000

14,910,000

13.625% 8/15/18

2,415,000

2,596,125

TOTAL VENEZUELA

73,475,574

Vietnam - 1.3%

Vietnamese Socialist Republic:

1.5032% 3/12/16 (h)

2,429,304

2,210,667

4% 3/12/28 (d)

8,725,000

7,067,250

6.875% 1/15/16 (e)

5,050,000

5,504,500

TOTAL VIETNAM

14,782,417

Zambia - 0.1%

Republic of Zambia 5.375% 9/20/22 (e)

1,160,000

1,164,640

TOTAL GOVERNMENT OBLIGATIONS

(Cost $626,258,495)


686,509,092

Sovereign Loan Participations - 0.7%

 

Principal
Amount (c)

Value

Indonesia - 0.7%

Indonesian Republic loan participation:

Goldman Sachs 1.25% 12/14/19 (h)

$ 5,202,882

$ 4,942,738

0% 12/14/19 (g)(h)

2,500,000

2,375,000

TOTAL SOVEREIGN LOAN PARTICIPATIONS

(Cost $7,332,270)


7,317,738

Preferred Securities - 0.8%

 

 

 

 

Brazil - 0.4%

Globo Comunicacoes e Participacoes SA 6.25% (d)(e)(f)

3,970,000

4,326,895

Cayman Islands - 0.4%

CSN Islands XII Corp. 7% (Reg. S) (f)

4,525,000

4,548,930

Odebrecht Finance Ltd. 7.5% (Reg. S) (f)

150,000

159,900

TOTAL CAYMAN ISLANDS

4,708,830

TOTAL PREFERRED SECURITIES

(Cost $8,801,134)


9,035,725

Money Market Funds - 3.8%

Shares

 

Fidelity Cash Central Fund, 0.17% (a)
(Cost $42,527,208)

42,527,208


42,527,208

Cash Equivalents - 0.2%

Maturity
Amount

 

Investments in repurchase agreements in a joint trading account at 0.2%, dated 9/28/12 due 10/1/12 (Collateralized by U.S. Government Obligations) #
(Cost $2,226,000)

$ 2,226,036


2,226,000

TOTAL INVESTMENT PORTFOLIO - 98.5%

(Cost $1,024,114,875)

1,106,014,382

NET OTHER ASSETS (LIABILITIES) - 1.5%

16,806,883

NET ASSETS - 100%

$ 1,122,821,265

Currency Abbreviations

BRL

-

Brazilian real

GHS

-

Ghana Cedi

NGN

-

Nigerian naira

TRY

-

Turkish Lira

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) Non-income producing - Security is in default.

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

(d) 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.

(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 $433,281,732 or 38.6% of net assets.

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

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

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

(i) Quantity represents share amount.

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value

$2,226,000 due 10/01/12 at 0.20%

Barclays Capital, Inc.

$ 620,779

Merrill Lynch, Pierce, Fenner & Smith, Inc.

438,158

RBS Securities, Inc.

1,167,063

 

$ 2,226,000

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

$ 54,973

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of September 30, 2012, 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

$ 358,398,619

$ -

$ 358,398,619

$ -

Government Obligations

686,509,092

-

683,159,092

3,350,000

Sovereign Loan Participations

7,317,738

-

2,375,000

4,942,738

Preferred Securities

9,035,725

-

9,035,725

-

Money Market Funds

42,527,208

42,527,208

-

-

Cash Equivalents

2,226,000

-

2,226,000

-

Total Investments in Securities:

$ 1,106,014,382

$ 42,527,208

$ 1,055,194,436

$ 8,292,738

Income Tax Information

At September 30, 2012, the cost of investment securities for income tax purposes was $1,019,150,106. Net unrealized appreciation aggregated $86,864,276, of which $94,553,366 related to appreciated investment securities and $7,689,090 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or rates are not readily available or reliable, securities will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by security type and 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 Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. 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 third party pricing vendors or from brokers who make markets in such securities. For corporate bonds, foreign government and government agency obligations, preferred securities and sovereign loan participations, pricing vendors utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as broker-supplied prices and are generally categorized as Level 2 in the hierarchy.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

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. 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.

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.

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

or an affiliate.

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:

November 29, 2012

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:

November 29, 2012

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

November 29, 2012

EX-99.CERT 2 ex99.htm

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: November 29, 2012

/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: November 29, 2012

/s/Christine Reynolds

Christine Reynolds

Chief Financial Officer