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, 2011 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity ® Series
Emerging Markets Debt Fund
September 30, 2011
1.924256.100
SED-QTLY-1111
Showing Percentage of Net Assets
Nonconvertible Bonds - 26.1% |
||||
|
Principal Amount (b) |
Value |
||
Argentina - 1.6% |
||||
Aeropuertos Argentina 2000 SA 10.75% 12/1/20 (d) |
|
$ 1,212,500 |
$ 1,236,750 |
|
City of Buenos Aires 12.5% 4/6/15 (d) |
|
5,100,000 |
5,100,000 |
|
Empresa Distribuidora y Comercializadora Norte SA 9.75% 10/25/22 (d) |
|
700,000 |
584,500 |
|
Pan American Energy LLC 7.875% 5/7/21 (d) |
|
1,630,000 |
1,621,850 |
|
Transportadora de Gas del Sur SA 7.875% 5/14/17 (d) |
|
3,455,000 |
3,057,675 |
|
YPF SA 10% 11/2/28 |
|
215,000 |
237,575 |
|
TOTAL ARGENTINA |
11,838,350 |
|||
Brazil - 1.5% |
||||
Banco Bradesco SA 5.9% 1/16/21 (d) |
|
550,000 |
533,500 |
|
Banco Nacional de Desenvolvimento Economico e Social: |
|
|
|
|
5.5% 7/12/20 (d) |
|
1,300,000 |
1,339,000 |
|
6.5% 6/10/19 (d) |
|
860,000 |
950,300 |
|
Banco Votorantim SA 5.25% 2/11/16 (d) |
|
950,000 |
935,750 |
|
BFF International Ltd. 7.25% 1/28/20 (d) |
|
1,450,000 |
1,511,625 |
|
Braskem Finance Ltd. 7% 5/7/20 (d) |
|
625,000 |
628,125 |
|
Companhia de Saneamento Basico do Estado de Sao Paulo (SABESP) 6.25% 12/16/20 (d) |
|
700,000 |
696,500 |
|
OGX Petroleo e Gas Participacoes SA 8.5% 6/1/18 (d) |
|
1,710,000 |
1,530,450 |
|
Rearden G Holdings Eins GmbH 7.875% 3/30/20 (d) |
|
1,540,000 |
1,478,400 |
|
Telemar Norte Leste SA 5.5% 10/23/20 (d) |
|
875,000 |
835,625 |
|
Votorantim Cimentos SA 7.25% 4/5/41 (d) |
|
1,000,000 |
945,000 |
|
TOTAL BRAZIL |
11,384,275 |
|||
British Virgin Islands - 0.2% |
||||
Arcos Dorados Holdings, Inc. 10.25% 7/13/16 (d) |
BRL |
2,812,000 |
1,461,313 |
|
Canada - 0.3% |
||||
Pacific Rubiales Energy Corp. 8.75% 11/10/16 |
|
2,125,000 |
2,295,000 |
|
Sino-Forest Corp. 6.25% 10/21/17 (d) |
|
1,245,000 |
286,350 |
|
TOTAL CANADA |
2,581,350 |
|||
Cayman Islands - 1.1% |
||||
Braskem Finance Ltd. 5.75% 4/15/21 (d) |
|
1,000,000 |
915,000 |
|
Fibria Overseas Finance Ltd. 6.75% 3/3/21 (d) |
|
800,000 |
724,000 |
|
Odebrecht Finance Ltd.: |
|
|
|
|
7% 4/21/20 (d) |
|
1,500,000 |
1,560,000 |
|
7.5% (d)(e) |
|
1,345,000 |
1,304,650 |
|
Nonconvertible Bonds - continued |
||||
|
Principal Amount (b) |
Value |
||
Cayman Islands - continued |
||||
Petrobras International Finance Co. Ltd.: |
|
|
|
|
6.875% 1/20/40 |
|
$ 1,485,000 |
$ 1,608,255 |
|
8.375% 12/10/18 |
|
1,600,000 |
1,888,000 |
|
TOTAL CAYMAN ISLANDS |
7,999,905 |
|||
Chile - 0.1% |
||||
Automotores Gildemeister SA 8.25% 5/24/21 (d) |
|
1,070,000 |
1,032,550 |
|
Dominican Republic - 0.0% |
||||
Cerveceria Nacional Dominicana C por A 16% 3/27/12 (d) |
|
220,000 |
197,274 |
|
Egypt - 0.2% |
||||
African Export-Import Bank 8.75% 11/13/14 |
|
1,125,000 |
1,203,750 |
|
El Salvador - 0.4% |
||||
Telemovil Finance Co. Ltd. 8% 10/1/17 (d) |
|
2,900,000 |
2,900,000 |
|
Georgia - 0.1% |
||||
Georgian Railway Ltd. 9.875% 7/22/15 |
|
900,000 |
877,500 |
|
Indonesia - 0.6% |
||||
Indo Energy Finance BV 7% 5/7/18 (d) |
|
1,300,000 |
1,105,000 |
|
PT Adaro Indonesia 7.625% 10/22/19 (d) |
|
800,000 |
780,000 |
|
PT Pertamina Persero: |
|
|
|
|
5.25% 5/23/21 (d) |
|
1,600,000 |
1,548,000 |
|
6.5% 5/27/41 (d) |
|
830,000 |
805,100 |
|
TOTAL INDONESIA |
4,238,100 |
|||
Ireland - 0.4% |
||||
SCF Capital Ltd. 5.375% 10/27/17 (d) |
|
1,000,000 |
860,000 |
|
VIP Finance Ireland Ltd. 7.748% 2/2/21 (d) |
|
1,125,000 |
945,000 |
|
Vnesheconombank Via VEB Finance Ltd. 6.8% 11/22/25 (d) |
|
1,069,000 |
1,004,860 |
|
TOTAL IRELAND |
2,809,860 |
|||
Kazakhstan - 0.6% |
||||
Development Bank of Kazakhstan JSC 5.5% 12/20/15 (d) |
|
1,650,000 |
1,559,250 |
|
Zhaikmunai Finance BV 10.5% 10/19/15 (d) |
|
3,475,000 |
3,005,875 |
|
TOTAL KAZAKHSTAN |
4,565,125 |
|||
Korea (South) - 0.2% |
||||
Export-Import Bank of Korea 5.1% 10/29/13 (d) |
INR |
58,800,000 |
1,191,234 |
|
Nonconvertible Bonds - continued |
||||
|
Principal Amount (b) |
Value |
||
Luxembourg - 2.3% |
||||
Alrosa Finance SA: |
|
|
|
|
(Reg. S) 8.875% 11/17/14 |
|
$ 1,550,000 |
$ 1,588,750 |
|
7.75% 11/3/20 (d) |
|
550,000 |
511,500 |
|
Aquarius Investments Luxemburg 8.25% 2/18/16 |
|
600,000 |
588,000 |
|
Evraz Group SA: |
|
|
|
|
8.25% 11/10/15 (d) |
|
1,600,000 |
1,536,000 |
|
9.5% 4/24/18 (Reg. S) |
|
910,000 |
882,700 |
|
MHP SA 10.25% 4/29/15 (d) |
|
1,760,000 |
1,496,000 |
|
RSHB Capital SA: |
|
|
|
|
6% 6/3/21 (d) |
|
1,005,000 |
859,275 |
|
9% 6/11/14 (d) |
|
1,250,000 |
1,331,250 |
|
Steel Capital SA Ln Partner Net Program 6.25% 7/26/16 (d) |
|
1,835,000 |
1,568,925 |
|
T2 Capital Finance Co. SA 6.95% 2/6/17 (Reg. S) (c) |
|
1,646,000 |
1,631,598 |
|
TMK Capital SA 7.75% 1/27/18 |
|
1,000,000 |
897,500 |
|
Vimpel Communications 8.25% 5/23/16 (Reg. S) (Issued by UBS Luxembourg SA for Vimpel Communications) |
|
4,900,000 |
4,704,000 |
|
TOTAL LUXEMBOURG |
17,595,498 |
|||
Mexico - 2.6% |
||||
Alestra SA de RL de CV 11.75% 8/11/14 |
|
2,945,000 |
3,210,050 |
|
Gruma SAB de CV 7.75% (Reg. S) (e) |
|
2,085,000 |
2,012,025 |
|
Kansas City Southern de Mexico SA de CV 12.5% 4/1/16 |
|
626,000 |
726,160 |
|
Petroleos Mexicanos: |
|
|
|
|
5.5% 1/21/21 |
|
2,250,000 |
2,362,500 |
|
6% 3/5/20 |
|
1,450,000 |
1,580,500 |
|
6.5% 6/2/41 (d) |
|
1,250,000 |
1,293,750 |
|
6.625% (d)(e) |
|
5,355,000 |
5,314,838 |
|
8% 5/3/19 |
|
1,350,000 |
1,650,375 |
|
TV Azteca SA de CV 7.5% 5/25/18 (Reg. S) |
|
1,335,000 |
1,281,600 |
|
TOTAL MEXICO |
19,431,798 |
|||
Mongolia - 0.1% |
||||
Trade & Development Bank of Mongolia LLC 8.5% 10/25/13 (Reg.S) |
|
1,000,000 |
960,000 |
|
Nonconvertible Bonds - continued |
||||
|
Principal Amount (b) |
Value |
||
Multi-National - 0.5% |
||||
Eastern and Southern African Trade and Development Bank 6.875% 1/9/16 (Reg. S) |
|
$ 1,000,000 |
$ 900,000 |
|
International Bank for Reconstruction & Development 8.2% 12/12/12 |
NGN |
400,000,000 |
2,501,564 |
|
TOTAL MULTI-NATIONAL |
3,401,564 |
|||
Netherlands - 3.3% |
||||
DTEK Finance BV 9.5% 4/28/15 (d) |
|
1,250,000 |
1,087,500 |
|
HSBK (Europe) BV: |
|
|
|
|
7.25% 5/3/17 (d) |
|
2,300,000 |
2,116,000 |
|
9.25% 10/16/13 (d) |
|
2,200,000 |
2,266,000 |
|
Intergas Finance BV: |
|
|
|
|
6.375% 5/14/17 (Reg. S) |
|
600,000 |
612,000 |
|
6.875% 11/4/11 (Reg. S) |
|
1,582,000 |
1,578,045 |
|
KazMunaiGaz Finance Sub BV: |
|
|
|
|
6.375% 4/9/21 (d) |
|
1,000,000 |
975,000 |
|
7% 5/5/20 (d) |
|
1,985,000 |
1,985,000 |
|
8.375% 7/2/13 (d) |
|
1,000,000 |
1,040,000 |
|
9.125% 7/2/18 (d) |
|
1,775,000 |
1,988,000 |
|
11.75% 1/23/15 (d) |
|
2,175,000 |
2,512,125 |
|
Majapahit Holding BV: |
|
|
|
|
7.25% 6/28/17 (Reg. S) |
|
800,000 |
856,000 |
|
7.75% 10/17/16 (Reg. S) |
|
875,000 |
953,750 |
|
7.75% 1/20/20 (d) |
|
1,650,000 |
1,831,500 |
|
8% 8/7/19 (d) |
|
1,175,000 |
1,316,000 |
|
Metinvest BV 10.25% 5/20/15 (d) |
|
1,725,000 |
1,552,500 |
|
VimpelCom Holdings BV 7.5043% 3/1/22 (d) |
|
2,845,000 |
2,276,000 |
|
TOTAL NETHERLANDS |
24,945,420 |
|||
Pakistan - 0.5% |
||||
Pakistan Mobile Communications Ltd. 8.625% 11/13/13 (d) |
|
4,364,000 |
4,014,880 |
|
Paraguay - 0.2% |
||||
BBVA Paraguay SA 9.75% 2/11/16 (d) |
|
1,550,000 |
1,627,500 |
|
Philippines - 0.5% |
||||
Development Bank of Philippines 8.375% (e)(f) |
|
615,000 |
664,200 |
|
National Power Corp. 6.875% 11/2/16 (d) |
|
650,000 |
721,500 |
|
Power Sector Assets and Liabilities Management Corp.: |
|
|
|
|
7.25% 5/27/19 (d) |
|
1,100,000 |
1,262,250 |
|
7.39% 12/2/24 (d) |
|
1,300,000 |
1,498,250 |
|
TOTAL PHILIPPINES |
4,146,200 |
|||
Nonconvertible Bonds - continued |
||||
|
Principal Amount (b) |
Value |
||
Russia - 0.4% |
||||
MTS International Funding Ltd. 8.625% 6/22/20 (d) |
|
$ 3,050,000 |
$ 3,034,750 |
|
Singapore - 0.1% |
||||
STATS ChipPAC Ltd. 7.5% 8/12/15 (d) |
|
700,000 |
672,000 |
|
Trinidad & Tobago - 0.1% |
||||
Petroleum Co. of Trinidad & Tobago Ltd. (Reg. S) 6% 5/8/22 |
|
504,167 |
491,563 |
|
Turkey - 0.9% |
||||
Akbank T.A.S. 5.125% 7/22/15 (d) |
|
2,350,000 |
2,256,000 |
|
Turkiye Garanti Bankasi AS: |
|
|
|
|
2.7513% 4/20/16 (d)(f) |
|
1,395,000 |
1,255,500 |
|
6.25% 4/20/21 (d) |
|
1,750,000 |
1,592,500 |
|
Turkiye Is Bankasi AS 5.1% 2/1/16 (d) |
|
1,700,000 |
1,640,500 |
|
TOTAL TURKEY |
6,744,500 |
|||
United Kingdom - 1.1% |
||||
Afren PLC 11.5% 2/1/16 (d) |
|
1,050,000 |
987,000 |
|
Biz Finance PLC 8.375% 4/27/15 (Reg. S) |
|
2,625,000 |
2,231,250 |
|
Standard Bank PLC 5.799% 2/9/16 (Issued by Standard Bank PLC for PrivatBank) (f) |
|
1,150,000 |
770,500 |
|
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) (c) |
|
2,000,000 |
1,440,000 |
|
Vedanta Resources PLC: |
|
|
|
|
6.75% 6/7/16 (d) |
|
2,500,000 |
2,000,000 |
|
8.25% 6/7/21 (d) |
|
1,110,000 |
871,350 |
|
TOTAL UNITED KINGDOM |
8,300,100 |
|||
United States of America - 2.0% |
||||
Braskem America Finance Co. 7.125% 7/22/41 (d) |
|
1,060,000 |
985,800 |
|
Drummond Co., Inc.: |
|
|
|
|
7.375% 2/15/16 |
|
1,055,000 |
1,055,000 |
|
9% 10/15/14 (d) |
|
4,265,000 |
4,350,300 |
|
NII Capital Corp.: |
|
|
|
|
7.625% 4/1/21 |
|
585,000 |
585,000 |
|
10% 8/15/16 |
|
1,050,000 |
1,157,625 |
|
Pemex Project Funding Master Trust: |
|
|
|
|
5.75% 3/1/18 |
|
2,105,000 |
2,286,030 |
|
6.625% 6/15/35 |
|
3,090,000 |
3,321,750 |
|
Southern Copper Corp. 6.75% 4/16/40 |
|
1,235,000 |
1,202,902 |
|
TOTAL UNITED STATES OF AMERICA |
14,944,407 |
|||
Nonconvertible Bonds - continued |
||||
|
Principal Amount (b) |
Value |
||
Venezuela - 4.2% |
||||
Petroleos de Venezuela SA 144A: |
|
|
|
|
4.9% 10/28/14 |
|
$ 7,300,000 |
$ 4,964,000 |
|
5% 10/28/15 |
|
695,000 |
417,695 |
|
5.25% 4/12/17 |
|
3,550,000 |
1,996,875 |
|
5.375% 4/12/27 |
|
11,385,000 |
5,208,638 |
|
5.5% 4/12/37 |
|
6,300,000 |
2,803,500 |
|
8% 11/17/13 |
|
1,835,000 |
1,639,573 |
|
8.5% 11/2/17 (d) |
|
13,020,000 |
8,528,100 |
|
12.75% 2/17/22 (d) |
|
8,215,000 |
5,996,950 |
|
TOTAL VENEZUELA |
31,555,331 |
|||
TOTAL NONCONVERTIBLE BONDS (Cost $212,678,138) |
|
|||
Government Obligations - 51.6% |
||||
|
||||
Argentina - 5.6% |
||||
Argentine Republic: |
|
|
|
|
discount (with partial capitalization through 12/31/13) 8.28% 12/31/33 |
|
5,993,615 |
4,075,658 |
|
0.438% 8/3/12 (f) |
|
10,567,500 |
9,958,748 |
|
2.5% 12/31/38 (c) |
|
4,000,000 |
1,350,000 |
|
7% 9/12/13 |
|
12,400,000 |
11,848,544 |
|
7% 10/3/15 |
|
15,190,000 |
12,654,958 |
|
Provincia de Cordoba 12.375% 8/17/17 (d) |
|
2,100,000 |
1,806,000 |
|
Provincia de Neuquen Argentina 7.875% 4/26/21 (d) |
|
795,000 |
755,250 |
|
TOTAL ARGENTINA |
42,449,158 |
|||
Bahamas (Nassau) - 0.3% |
||||
Bahamian Republic 6.95% 11/20/29 (d) |
|
1,775,000 |
1,917,000 |
|
Bahrain - 0.1% |
||||
Bahrain Kingdom 5.5% 3/31/20 |
|
1,000,000 |
950,000 |
|
Belarus - 0.7% |
||||
Belarus Republic: |
|
|
|
|
8.75% 8/3/15 (Reg. S) |
|
4,775,000 |
3,438,000 |
|
8.95% 1/26/18 |
|
2,150,000 |
1,521,125 |
|
TOTAL BELARUS |
4,959,125 |
|||
Bermuda - 0.1% |
||||
Bermuda Government 5.603% 7/20/20 (d) |
|
920,000 |
995,900 |
|
Government Obligations - continued |
||||
|
Principal Amount (b) |
Value |
||
Brazil - 2.5% |
||||
Banco Nacional de Desenvolvimento Economico e Social 6.369% 6/16/18 (d) |
|
$ 1,215,000 |
$ 1,330,425 |
|
Brazilian Federative Republic: |
|
|
|
|
6% 1/17/17 |
|
2,090,000 |
2,387,825 |
|
7.125% 1/20/37 |
|
2,510,000 |
3,206,525 |
|
8.25% 1/20/34 |
|
1,620,000 |
2,280,150 |
|
8.75% 2/4/25 |
|
1,225,000 |
1,737,050 |
|
10.125% 5/15/27 |
|
3,045,000 |
4,795,875 |
|
12.25% 3/6/30 |
|
1,845,000 |
3,357,900 |
|
TOTAL BRAZIL |
19,095,750 |
|||
Colombia - 2.0% |
||||
Colombian Republic: |
|
|
|
|
4.375% 7/12/21 |
|
1,955,000 |
1,994,100 |
|
7.375% 1/27/17 |
|
1,495,000 |
1,782,788 |
|
7.375% 3/18/19 |
|
1,440,000 |
1,774,800 |
|
7.375% 9/18/37 |
|
2,750,000 |
3,575,000 |
|
10.375% 1/28/33 |
|
2,670,000 |
4,205,250 |
|
11.75% 2/25/20 |
|
1,100,000 |
1,688,500 |
|
TOTAL COLOMBIA |
15,020,438 |
|||
Congo - 0.3% |
||||
Congo Republic 3% 6/30/29 (c) |
|
3,179,650 |
2,066,773 |
|
Croatia - 0.9% |
||||
Croatia Republic: |
|
|
|
|
6.375% 3/24/21 (d) |
|
2,375,000 |
2,149,375 |
|
6.625% 7/14/20 (d) |
|
2,295,000 |
2,145,825 |
|
6.75% 11/5/19 (d) |
|
2,525,000 |
2,424,354 |
|
TOTAL CROATIA |
6,719,554 |
|||
Dominican Republic - 0.6% |
||||
Dominican Republic: |
|
|
|
|
1.2156% 8/30/24 (f) |
|
750,000 |
641,250 |
|
7.5% 5/6/21 (d) |
|
2,225,000 |
2,174,938 |
|
9.04% 1/23/18 (d) |
|
1,475,519 |
1,608,315 |
|
TOTAL DOMINICAN REPUBLIC |
4,424,503 |
|||
El Salvador - 0.5% |
||||
El Salvador Republic: |
|
|
|
|
7.375% 12/1/19 (d) |
|
600,000 |
639,000 |
|
7.625% 2/1/41 (d) |
|
800,000 |
768,000 |
|
7.65% 6/15/35 (Reg. S) |
|
1,275,000 |
1,236,750 |
|
Government Obligations - continued |
||||
|
Principal Amount (b) |
Value |
||
El Salvador - continued |
||||
El Salvador Republic: - continued |
|
|
|
|
7.75% 1/24/23 (Reg. S) |
|
$ 700,000 |
$ 742,000 |
|
8.25% 4/10/32 (Reg. S) |
|
400,000 |
422,000 |
|
TOTAL EL SALVADOR |
3,807,750 |
|||
Gabon - 0.2% |
||||
Gabonese Republic 8.2% 12/12/17 (d) |
|
1,400,000 |
1,533,000 |
|
Georgia - 0.3% |
||||
Georgia Republic 6.875% 4/12/21 (d) |
|
2,135,000 |
2,049,600 |
|
Ghana - 0.7% |
||||
Ghana Republic: |
|
|
|
|
8.5% 10/4/17 (d) |
|
950,000 |
997,500 |
|
14.25% 7/29/13 |
GHS |
1,600,000 |
1,009,044 |
|
14.99% 3/11/13 |
GHS |
2,775,000 |
1,768,475 |
|
15.65% 6/3/13 |
GHS |
2,000,000 |
1,288,282 |
|
TOTAL GHANA |
5,063,301 |
|||
Hungary - 0.9% |
||||
Hungarian Republic: |
|
|
|
|
6.25% 1/29/20 |
|
1,650,000 |
1,600,500 |
|
6.375% 3/29/21 |
|
3,168,000 |
3,057,120 |
|
7.625% 3/29/41 |
|
1,878,000 |
1,819,313 |
|
TOTAL HUNGARY |
6,476,933 |
|||
Indonesia - 2.9% |
||||
Indonesian Republic: |
|
|
|
|
4.875% 5/5/21 (d) |
|
2,205,000 |
2,227,050 |
|
5.875% 3/13/20 (d) |
|
2,925,000 |
3,159,000 |
|
6.625% 2/17/37 (d) |
|
2,050,000 |
2,301,125 |
|
6.875% 1/17/18 (d) |
|
2,300,000 |
2,581,750 |
|
7.75% 1/17/38 (d) |
|
2,975,000 |
3,733,625 |
|
8.5% 10/12/35 (Reg. S) |
|
2,525,000 |
3,408,750 |
|
11.625% 3/4/19 (d) |
|
3,225,000 |
4,587,563 |
|
TOTAL INDONESIA |
21,998,863 |
|||
Iraq - 0.7% |
||||
Republic of Iraq 5.8% 1/15/28 (Reg. S) |
|
6,675,000 |
5,306,625 |
|
Jordan - 0.1% |
||||
Jordanian Kingdom 3.875% 11/12/15 |
|
1,050,000 |
972,563 |
|
Government Obligations - continued |
||||
|
Principal Amount (b) |
Value |
||
Lebanon - 0.8% |
||||
Lebanese Republic: |
|
|
|
|
4% 12/31/17 |
|
$ 5,112,250 |
$ 4,997,224 |
|
5.15% 11/12/18 |
|
1,050,000 |
1,038,240 |
|
TOTAL LEBANON |
6,035,464 |
|||
Lithuania - 0.6% |
||||
Lithuanian Republic: |
|
|
|
|
5.125% 9/14/17 (d) |
|
850,000 |
839,375 |
|
6.125% 3/9/21 (d) |
|
1,000,000 |
1,000,000 |
|
6.75% 1/15/15 (d) |
|
400,000 |
420,000 |
|
7.375% 2/11/20 (d) |
|
2,050,000 |
2,219,125 |
|
TOTAL LITHUANIA |
4,478,500 |
|||
Mexico - 3.5% |
||||
United Mexican States: |
|
|
|
|
5.125% 1/15/20 |
|
2,448,000 |
2,656,080 |
|
5.625% 1/15/17 |
|
3,492,000 |
3,884,850 |
|
5.75% 10/12/10 |
|
2,704,000 |
2,676,960 |
|
5.95% 3/19/19 |
|
2,090,000 |
2,372,150 |
|
6.05% 1/11/40 |
|
6,300,000 |
7,169,400 |
|
6.75% 9/27/34 |
|
3,750,000 |
4,603,125 |
|
7.5% 4/8/33 |
|
1,050,000 |
1,388,625 |
|
8.3% 8/15/31 |
|
1,160,000 |
1,653,000 |
|
TOTAL MEXICO |
26,404,190 |
|||
Nigeria - 0.2% |
||||
Republic of Nigeria 6.75% 1/28/21 (d) |
|
1,575,000 |
1,523,813 |
|
Pakistan - 0.5% |
||||
Islamic Republic of Pakistan 7.125% 3/31/16 (d) |
|
4,200,000 |
3,402,000 |
|
Peru - 1.2% |
||||
Peruvian Republic: |
|
|
|
|
5.625% 11/18/50 |
|
1,725,000 |
1,716,375 |
|
7.35% 7/21/25 |
|
1,500,000 |
1,860,000 |
|
8.75% 11/21/33 |
|
3,580,000 |
5,065,700 |
|
TOTAL PERU |
8,642,075 |
|||
Philippines - 2.5% |
||||
Philippine Republic: |
|
|
|
|
5.5% 3/30/26 |
|
1,250,000 |
1,304,688 |
|
6.375% 1/15/32 |
|
1,000,000 |
1,133,800 |
|
6.375% 10/23/34 |
|
2,025,000 |
2,318,625 |
|
6.5% 1/20/20 |
|
1,450,000 |
1,678,375 |
|
Government Obligations - continued |
||||
|
Principal Amount (b) |
Value |
||
Philippines - continued |
||||
Philippine Republic: - continued |
|
|
|
|
7.5% 9/25/24 |
|
$ 890,000 |
$ 1,072,450 |
|
7.75% 1/14/31 |
|
1,300,000 |
1,668,940 |
|
9.5% 2/2/30 |
|
3,045,000 |
4,453,313 |
|
9.875% 1/15/19 |
|
1,325,000 |
1,775,500 |
|
10.625% 3/16/25 |
|
2,285,000 |
3,450,350 |
|
TOTAL PHILIPPINES |
18,856,041 |
|||
Poland - 0.5% |
||||
Polish Government: |
|
|
|
|
3.875% 7/16/15 |
|
850,000 |
854,250 |
|
5.125% 4/21/21 |
|
1,170,000 |
1,167,075 |
|
6.375% 7/15/19 |
|
1,800,000 |
1,980,000 |
|
TOTAL POLAND |
4,001,325 |
|||
Russia - 5.3% |
||||
Russian Federation: |
|
|
|
|
3.625% 4/29/15 (d) |
|
1,600,000 |
1,574,080 |
|
5% 4/29/20 (d) |
|
1,900,000 |
1,871,500 |
|
7.5% 3/31/30 (Reg. S) |
|
24,436,275 |
27,466,365 |
|
11% 7/24/18 (Reg. S) |
|
910,000 |
1,230,775 |
|
12.75% 6/24/28 (Reg. S) |
|
4,825,000 |
8,048,100 |
|
TOTAL RUSSIA |
40,190,820 |
|||
Senegal - 0.1% |
||||
Republic of Senegal 8.75% 5/13/21 (d) |
|
825,000 |
792,000 |
|
Serbia - 1.6% |
||||
Republic of Serbia: |
|
|
|
|
6.75% 11/1/24 (d) |
|
11,394,001 |
10,482,481 |
|
7.25% 9/28/21 (d) |
|
1,690,000 |
1,605,500 |
|
TOTAL SERBIA |
12,087,981 |
|||
Sri Lanka - 0.8% |
||||
Democratic Socialist Republic of Sri Lanka: |
|
|
|
|
6.25% 10/4/20 (d) |
|
2,300,000 |
2,219,500 |
|
6.25% 7/27/21 (d) |
|
1,695,000 |
1,627,200 |
|
7.4% 1/22/15 (d) |
|
2,200,000 |
2,277,000 |
|
TOTAL SRI LANKA |
6,123,700 |
|||
Turkey - 5.8% |
||||
Turkish Republic: |
|
|
|
|
0% 2/20/13 |
TRY |
4,355,000 |
2,093,671 |
|
Government Obligations - continued |
||||
|
Principal Amount (b) |
Value |
||
Turkey - continued |
||||
Turkish Republic: - continued |
|
|
|
|
5.625% 3/30/21 |
|
$ 1,700,000 |
$ 1,751,000 |
|
6% 1/14/41 |
|
600,000 |
568,500 |
|
6.75% 4/3/18 |
|
3,500,000 |
3,858,750 |
|
6.75% 5/30/40 |
|
2,450,000 |
2,566,375 |
|
6.875% 3/17/36 |
|
5,650,000 |
6,017,250 |
|
7% 9/26/16 |
|
2,800,000 |
3,115,000 |
|
7.25% 3/15/15 |
|
2,100,000 |
2,322,600 |
|
7.25% 3/5/38 |
|
3,825,000 |
4,260,285 |
|
7.375% 2/5/25 |
|
5,500,000 |
6,283,750 |
|
7.5% 7/14/17 |
|
3,100,000 |
3,541,750 |
|
7.5% 11/7/19 |
|
2,500,000 |
2,890,750 |
|
11.875% 1/15/30 |
|
2,550,000 |
4,175,625 |
|
TOTAL TURKEY |
43,445,306 |
|||
Ukraine - 2.4% |
||||
Ukraine Financing of Infrastructure Projects State Enterprise 8.375% 11/3/17 (d) |
|
3,150,000 |
2,898,000 |
|
Ukraine Government: |
|
|
|
|
6.25% 6/17/16 (d) |
|
3,015,000 |
2,698,425 |
|
6.385% 6/26/12 (d) |
|
2,550,000 |
2,479,875 |
|
6.75% 11/14/17 (d) |
|
2,675,000 |
2,380,750 |
|
6.875% 9/23/15 (d) |
|
1,925,000 |
1,780,625 |
|
7.65% 6/11/13 (d) |
|
3,005,000 |
2,899,825 |
|
7.75% 9/23/20 (d) |
|
1,550,000 |
1,391,125 |
|
7.95% 2/23/21 (d) |
|
1,700,000 |
1,538,500 |
|
TOTAL UKRAINE |
18,067,125 |
|||
United Arab Emirates - 0.1% |
||||
United Arab Emirates 7.75% 10/5/20 (Reg. S) |
|
840,000 |
835,800 |
|
Uruguay - 0.7% |
||||
Uruguay Republic: |
|
|
|
|
7.875% 1/15/33 pay-in-kind |
|
1,650,000 |
2,079,000 |
|
8% 11/18/22 |
|
2,550,000 |
3,174,750 |
|
TOTAL URUGUAY |
5,253,750 |
|||
Venezuela - 4.8% |
||||
Venezuelan Republic: |
|
|
|
|
oil recovery rights 4/15/20 (g) |
|
6,200 |
168,950 |
|
6% 12/9/20 |
|
2,330,000 |
1,287,325 |
|
7% 3/31/38 |
|
2,000,000 |
1,050,000 |
|
7.75% 10/13/19 (Reg. S) |
|
3,375,000 |
2,151,563 |
|
Government Obligations - continued |
||||
|
Principal Amount (b) |
Value |
||
Venezuela - continued |
||||
Venezuelan Republic: - continued |
|
|
|
|
8.5% 10/8/14 |
|
$ 2,200,000 |
$ 1,925,000 |
|
9% 5/7/23 (Reg. S) |
|
9,025,000 |
5,663,188 |
|
9.25% 9/15/27 |
|
6,150,000 |
3,874,500 |
|
9.25% 5/7/28 (Reg. S) |
|
4,215,000 |
2,602,763 |
|
9.375% 1/13/34 |
|
2,630,000 |
1,637,175 |
|
10.75% 9/19/13 |
|
2,350,000 |
2,303,000 |
|
11.95% 8/5/31 (Reg. S) |
|
4,190,000 |
3,088,030 |
|
12.75% 8/23/22 |
|
10,055,000 |
7,993,725 |
|
13.625% 8/15/18 |
|
2,415,000 |
2,318,400 |
|
TOTAL VENEZUELA |
36,063,619 |
|||
Vietnam - 0.8% |
||||
Vietnamese Socialist Republic: |
|
|
|
|
1.3258% 3/12/16 (f) |
|
293,478 |
249,457 |
|
4% 3/12/28 (c) |
|
1,950,000 |
1,579,500 |
|
6.75% 1/29/20 (d) |
|
950,000 |
893,000 |
|
6.875% 1/15/16 (d) |
|
3,625,000 |
3,552,500 |
|
TOTAL VIETNAM |
6,274,457 |
|||
TOTAL GOVERNMENT OBLIGATIONS (Cost $408,218,942) |
|
|||
Sovereign Loan Participations - 0.4% |
||||
|
||||
Indonesia - 0.4% |
||||
Indonesian Republic loan participation Goldman Sachs 1.25% 12/14/19 (f) |
|
2,994,630 |
|
Preferred Securities - 1.1% |
|||
|
|
|
|
Brazil - 0.7% |
|||
Globo Comunicacoes e Participacoes SA 6.25% (c)(d)(e) |
4,850,000 |
5,042,565 |
|
Cayman Islands - 0.4% |
|||
CSN Islands XII Corp. 7% (Reg. S) (e) |
3,350,000 |
3,103,260 |
|
TOTAL PREFERRED SECURITIES (Cost $8,435,612) |
|
||
Money Market Funds - 6.8% |
|||
Shares |
Value |
||
Fidelity Cash Central Fund, 0.12% (a) |
51,553,545 |
$ 51,553,545 |
|
TOTAL INVESTMENT PORTFOLIO - 86.0% (Cost $683,734,068) |
646,971,424 |
||
NET OTHER ASSETS (LIABILITIES) - 14.0% |
105,019,425 |
||
NET ASSETS - 100% |
$ 751,990,849 |
Currency Abbreviations |
||
BRL |
- |
Brazilian real |
GHS |
- |
Ghana Cedi |
INR |
- |
Indian rupee |
NGN |
- |
Nigerian naira |
TRY |
- |
New 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) Principal Amount is stated in United States dollars unless otherwise noted. |
(c) 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. |
(d) 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 $225,616,158 or 30.0% of net assets. |
(e) Security is perpetual in nature with no stated maturity date. |
(f) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(g) Quantity represents share amount. |
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 |
$ 29,757 |
Other Information |
The following is a summary of the inputs used, as of September 30, 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 |
$ 196,146,097 |
$ - |
$ 196,146,097 |
$ - |
Government Obligations |
388,284,802 |
- |
388,284,802 |
- |
Sovereign Loan Participations |
2,841,155 |
- |
2,841,155 |
- |
Preferred Securities |
8,145,825 |
- |
8,145,825 |
- |
Money Market Funds |
51,553,545 |
51,553,545 |
- |
- |
Total Investments in Securities: |
$ 646,971,424 |
$ 51,553,545 |
$ 595,417,879 |
$ - |
Income Tax Information |
At September 30, 2011, the cost of investment securities for income tax purposes was $683,100,525. Net unrealized depreciation aggregated $36,129,101, of which $1,964,152 related to appreciated investment securities and $38,093,253 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 sovereign loan participations, 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. |
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. 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. |
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. 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, 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: |
November 29, 2011 |
By: |
/s/Christine Reynolds |
|
Christine Reynolds |
|
Chief Financial Officer |
|
|
Date: |
November 29, 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: November 29, 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: November 29, 2011
/s/Christine Reynolds |
Christine Reynolds |
Chief Financial Officer |