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)
245 Summer St., Boston, Massachusetts 02210
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
245 Summer St.
Boston, Massachusetts 02210
(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, 2014 |
Item 1. Schedule of Investments
Quarterly Holdings Report
for
Fidelity ® Series
Emerging Markets Debt Fund
September 30, 2014
1.924256.103
SED-QTLY-1114
Showing Percentage of Net Assets
|
Nonconvertible Bonds - 35.1% |
||||
|
|
Principal Amount (d) |
Value |
||
|
Argentina - 2.9% |
||||
|
Aeropuertos Argentina 2000 SA: |
|
|
|
|
|
10.75% 12/1/20 (f) |
|
$ 4,493,100 |
$ 4,728,988 |
|
|
10.75% 12/1/20 (Reg. S) |
|
459,000 |
483,098 |
|
|
Banco de Galicia y Buenos Aires SA 16% 1/1/19 (Reg. S) |
|
891,750 |
940,796 |
|
|
City of Buenos Aires 9.95% 3/1/17 (f) |
|
4,390,000 |
4,394,390 |
|
|
Empresa Distribuidora y Comercializadora Norte SA 9.75% 10/25/22 (f) |
|
2,223,000 |
1,622,790 |
|
|
Inversiones y Representaciones SA: |
|
|
|
|
|
8.5% 2/2/17 (Reg. S) |
|
205,000 |
202,950 |
|
|
11.5% 7/20/20 (Reg. S) |
|
10,000 |
10,850 |
|
|
Pan American Energy LLC 7.875% 5/7/21 (f) |
|
2,875,000 |
3,004,375 |
|
|
Transportadora de Gas del Sur SA 9.625% 5/14/20 (f) |
|
7,683,595 |
7,606,759 |
|
|
YPF SA: |
|
|
|
|
|
8.75% 4/4/24 (f) |
|
4,800,000 |
4,896,000 |
|
|
8.875% 12/19/18 (f) |
|
5,455,000 |
5,618,650 |
|
|
TOTAL ARGENTINA |
33,509,646 |
|||
|
Bailiwick of Jersey - 0.5% |
||||
|
Polyus Gold International Ltd.: |
|
|
|
|
|
5.625% 4/29/20 (f) |
|
5,925,000 |
5,688,000 |
|
|
5.625% 4/29/20 (Reg. S) |
|
550,000 |
528,000 |
|
|
TOTAL BAILIWICK OF JERSEY |
6,216,000 |
|||
|
Bangladesh - 0.3% |
||||
|
Banglalink Digital Communications Ltd. 8.625% 5/6/19 (f) |
|
3,455,000 |
3,636,388 |
|
|
Bermuda - 0.6% |
||||
|
Digicel Group Ltd. 8.25% 9/1/17 (f) |
|
5,310,000 |
5,409,828 |
|
|
Kosmos Energy Ltd. 7.875% 8/1/21 (f) |
|
1,735,000 |
1,752,350 |
|
|
TOTAL BERMUDA |
7,162,178 |
|||
|
Brazil - 0.5% |
||||
|
Banco Daycoval SA 5.75% 3/19/19 (f) |
|
1,160,000 |
1,205,727 |
|
|
Itau Unibanco Holding SA 6.2% 12/21/21 (f) |
|
1,655,000 |
1,725,338 |
|
|
Rearden G Holdings Eins GmbH 7.875% 3/30/20 (f) |
|
2,290,000 |
2,393,050 |
|
|
TOTAL BRAZIL |
5,324,115 |
|||
|
British Virgin Islands - 0.8% |
||||
|
Arcos Dorados Holdings, Inc. 10.25% 7/13/16 (f) |
BRL |
13,272,000 |
5,069,684 |
|
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
British Virgin Islands - continued |
||||
|
Gold Fields Orogen Holding BVI Ltd.: |
|
|
|
|
|
4.875% 10/7/20 (f) |
|
$ 4,150,000 |
$ 3,693,500 |
|
|
4.875% 10/7/20 (Reg. S) |
|
300,000 |
267,000 |
|
|
TOTAL BRITISH VIRGIN ISLANDS |
9,030,184 |
|||
|
Canada - 0.5% |
||||
|
Pacific Rubiales Energy Corp. 7.25% 12/12/21 (f) |
|
5,328,000 |
5,794,200 |
|
|
Sino-Forest Corp. 6.25% 10/21/17 (c)(f) |
|
3,220,000 |
0 |
|
|
TOTAL CANADA |
5,794,200 |
|||
|
Cayman Islands - 1.4% |
||||
|
Petrobras International Finance Co. Ltd.: |
|
|
|
|
|
5.375% 1/27/21 |
|
2,255,000 |
2,279,399 |
|
|
6.875% 1/20/40 |
|
5,690,000 |
5,876,860 |
|
|
Telemovil Finance Co. Ltd. 8% 10/1/17 (f) |
|
8,209,000 |
8,424,486 |
|
|
TOTAL CAYMAN ISLANDS |
16,580,745 |
|||
|
Georgia - 0.9% |
||||
|
Georgia Bank Joint Stock Co.: |
|
|
|
|
|
7.75% 7/5/17 (f) |
|
4,315,000 |
4,581,494 |
|
|
7.75% 7/5/17 (Reg. S) |
|
1,100,000 |
1,167,936 |
|
|
Georgian Oil & Gas Corp.: |
|
|
|
|
|
6.875% 5/16/17 (f) |
|
2,435,000 |
2,562,472 |
|
|
6.875% 5/16/17 (Reg. S) |
|
450,000 |
473,558 |
|
|
JSC Georgian Railway 7.75% 7/11/22 (f) |
|
1,565,000 |
1,756,713 |
|
|
TOTAL GEORGIA |
10,542,173 |
|||
|
Indonesia - 2.2% |
||||
|
PT Adaro Indonesia 7.625% 10/22/19 (f) |
|
5,810,000 |
6,048,210 |
|
|
PT Pertamina Persero: |
|
|
|
|
|
4.3% 5/20/23 (f) |
|
1,880,000 |
1,781,300 |
|
|
4.3% 5/20/23 (Reg S.) |
|
1,000,000 |
947,500 |
|
|
4.875% 5/3/22 (f) |
|
2,270,000 |
2,272,270 |
|
|
5.25% 5/23/21 (f) |
|
2,200,000 |
2,279,750 |
|
|
5.625% 5/20/43 (f) |
|
2,184,000 |
1,987,440 |
|
|
5.625% 5/20/43 (Reg. S) |
|
900,000 |
819,000 |
|
|
6% 5/3/42 (f) |
|
3,845,000 |
3,681,588 |
|
|
6.5% 5/27/41 (f) |
|
4,370,000 |
4,468,325 |
|
|
6.5% 5/27/41 (Reg. S) |
|
700,000 |
715,750 |
|
|
TOTAL INDONESIA |
25,001,133 |
|||
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Ireland - 1.6% |
||||
|
MTS International Funding Ltd. 8.625% 6/22/20 (f) |
|
$ 7,895,000 |
$ 8,368,700 |
|
|
Sibur Securities Ltd. 3.914% 1/31/18 (f) |
|
1,035,000 |
947,025 |
|
|
Vimpel Communications OJSC 7.748% 2/2/21 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (f) |
|
8,825,000 |
9,045,625 |
|
|
TOTAL IRELAND |
18,361,350 |
|||
|
Kazakhstan - 0.9% |
||||
|
Development Bank of Kazakhstan JSC 4.125% 12/10/22 (f) |
|
1,100,000 |
1,044,340 |
|
|
Kazagro National Management Holding JSC 4.625% 5/24/23 (f) |
|
1,050,000 |
995,085 |
|
|
KazMunaiGaz Finance Sub BV 6.375% 4/9/21 (f) |
|
1,365,000 |
1,471,061 |
|
|
KazMunaiGaz National Co.: |
|
|
|
|
|
4.4% 4/30/23 (f) |
|
1,200,000 |
1,153,440 |
|
|
5.75% 4/30/43 (f) |
|
3,020,000 |
2,827,324 |
|
|
Zhaikmunai International BV: |
|
|
|
|
|
7.125% 11/13/19 (f) |
|
2,180,000 |
2,283,550 |
|
|
7.125% 11/13/19 (Reg. S) |
|
450,000 |
471,375 |
|
|
TOTAL KAZAKHSTAN |
10,246,175 |
|||
|
Korea (South) - 0.1% |
||||
|
Export-Import Bank of Korea 6% 6/4/16 (Reg. S) |
INR |
104,200,000 |
1,652,847 |
|
|
Luxembourg - 2.9% |
||||
|
Alrosa Finance SA 7.75% 11/3/20 (f) |
|
3,560,000 |
3,644,550 |
|
|
Aquarius Investments Luxemburg 8.25% 2/18/16 |
|
4,185,000 |
4,352,400 |
|
|
EVRAZ Group SA: |
|
|
|
|
|
6.5% 4/22/20 (f) |
|
3,335,000 |
3,064,265 |
|
|
9.5% 4/24/18 (Reg. S) |
|
6,425,000 |
6,698,063 |
|
|
OJSC Russian Agricultural Bank 7.75% 5/29/18 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (f) |
|
2,255,000 |
2,356,701 |
|
|
RSHB Capital SA 6% 6/3/21 (f)(h) |
|
1,305,000 |
1,220,175 |
|
|
SB Capital SA 5.5% 2/26/24 (f)(h) |
|
4,705,000 |
4,246,263 |
|
|
TMK Capital SA 7.75% 1/27/18 |
|
8,520,000 |
8,520,000 |
|
|
TOTAL LUXEMBOURG |
34,102,417 |
|||
|
Malaysia - 0.1% |
||||
|
Petroliam Nasional Bhd (Petronas) 7.625% 10/15/26 (Reg. S) |
|
900,000 |
1,220,721 |
|
|
Mexico - 6.0% |
||||
|
America Movil S.A.B. de CV 6.45% 12/5/22 |
MXN |
52,900,000 |
3,883,629 |
|
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Mexico - continued |
||||
|
Comision Federal de Electricid 5.75% 2/14/42 (f) |
|
$ 950,000 |
$ 1,004,625 |
|
|
Credito Real S.A.B. de CV 7.5% 3/13/19 (f) |
|
1,600,000 |
1,712,000 |
|
|
Pemex Project Funding Master Trust: |
|
|
|
|
|
6.625% 6/15/35 |
|
8,845,000 |
10,264,623 |
|
|
6.625% 6/15/38 |
|
285,000 |
329,888 |
|
|
8.625% 12/1/23 (e) |
|
320,000 |
399,680 |
|
|
Petroleos Mexicanos: |
|
|
|
|
|
3.5% 1/30/23 |
|
3,085,000 |
2,955,430 |
|
|
4.875% 1/24/22 |
|
2,585,000 |
2,746,563 |
|
|
4.875% 1/18/24 |
|
2,680,000 |
2,811,320 |
|
|
4.875% 1/18/24 (f) |
|
140,000 |
146,860 |
|
|
5.5% 1/21/21 |
|
3,780,000 |
4,159,890 |
|
|
5.5% 6/27/44 |
|
4,555,000 |
4,647,011 |
|
|
6.375% 1/23/45 (f) |
|
7,555,000 |
8,543,194 |
|
|
6.5% 6/2/41 |
|
7,405,000 |
8,565,364 |
|
|
6.625% (f)(g) |
|
12,260,000 |
12,535,850 |
|
|
TV Azteca SA de CV 7.5% 5/25/18 (Reg. S) |
|
5,285,000 |
5,549,250 |
|
|
TOTAL MEXICO |
70,255,177 |
|||
|
Netherlands - 3.6% |
||||
|
DTEK Finance BV 9.5% 4/28/15 (Reg. S) |
|
1,065,000 |
785,970 |
|
|
GTB Finance BV: |
|
|
|
|
|
6% 11/8/18 (f) |
|
4,250,000 |
4,250,000 |
|
|
7.5% 5/19/16 (f) |
|
2,650,000 |
2,759,180 |
|
|
HSBK BV: |
|
|
|
|
|
7.25% 5/3/17 (f) |
|
2,625,000 |
2,789,063 |
|
|
7.25% 5/3/17 (Reg. S) |
|
550,000 |
584,375 |
|
|
Indosat Palapa Co. BV 7.375% 7/29/20 (f) |
|
875,000 |
927,500 |
|
|
Intergas Finance BV 6.375% 5/14/17 (Reg. S) |
|
1,675,000 |
1,780,023 |
|
|
Majapahit Holding BV 7.75% 1/20/20 (f) |
|
1,535,000 |
1,776,763 |
|
|
Metinvest BV: |
|
|
|
|
|
8.75% 2/14/18 (Reg. S) |
|
335,000 |
227,800 |
|
|
10.25% 5/20/15 (f) |
|
9,707,000 |
7,427,796 |
|
|
10.25% 5/20/15 (Reg. S) |
|
650,000 |
497,380 |
|
|
Mozambique Ematum Finance 2020 6.305% 9/11/20 (Reg. S) |
|
2,635,000 |
2,645,013 |
|
|
Nord Gold NV 6.375% 5/7/18 (f) |
|
5,910,000 |
5,673,600 |
|
|
Nostrum Oil & Gas Finance BV 6.375% 2/14/19 (f) |
|
3,435,000 |
3,452,175 |
|
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Netherlands - continued |
||||
|
VimpelCom Holdings BV: |
|
|
|
|
|
9% 2/13/18 (f) |
RUB |
51,790,000 |
1,230,660 |
|
|
9% 2/13/18 (Reg S.) |
RUB |
199,920,000 |
4,750,599 |
|
|
TOTAL NETHERLANDS |
41,557,897 |
|||
|
Nigeria - 0.5% |
||||
|
Zenith Bank PLC 6.25% 4/22/19 (f) |
|
5,635,000 |
5,635,000 |
|
|
Paraguay - 0.3% |
||||
|
BBVA Paraguay SA 9.75% 2/11/16 (f) |
|
3,550,000 |
3,776,277 |
|
|
Philippines - 0.5% |
||||
|
Development Bank of Philippines 8.375% (g)(h) |
|
3,885,000 |
4,196,577 |
|
|
Power Sector Assets and Liabilities Management Corp.: |
|
|
|
|
|
7.39% 12/2/24 (f) |
|
950,000 |
1,208,875 |
|
|
7.39% 12/2/24 (Reg. S) |
|
500,000 |
636,250 |
|
|
TOTAL PHILIPPINES |
6,041,702 |
|||
|
Turkey - 1.2% |
||||
|
Finansbank A/S: |
|
|
|
|
|
5.5% 5/11/16 (Reg. S) |
|
3,700,000 |
3,774,000 |
|
|
6.25% 4/30/19 (f) |
|
4,210,000 |
4,379,663 |
|
|
Yapi ve Kredi Bankasi A/S: |
|
|
|
|
|
5.25% 12/3/18 (f) |
|
1,815,000 |
1,848,578 |
|
|
6.75% 2/8/17 (f) |
|
4,165,000 |
4,434,892 |
|
|
TOTAL TURKEY |
14,437,133 |
|||
|
United Kingdom - 1.5% |
||||
|
Afren PLC: |
|
|
|
|
|
6.625% 12/9/20 (f) |
|
1,710,000 |
1,628,775 |
|
|
10.25% 4/8/19 (Reg. S) |
|
3,739,000 |
4,000,730 |
|
|
Biz Finance PLC 8.375% 4/27/15 (Reg. S) |
|
9,215,000 |
7,671,488 |
|
|
DTEK Finance PLC 7.875% 4/4/18 (Reg. S) |
|
200,000 |
120,540 |
|
|
Ferrexpo Finance PLC 7.875% 4/7/16 (f) |
|
4,160,000 |
3,775,200 |
|
|
TOTAL UNITED KINGDOM |
17,196,733 |
|||
|
United States of America - 0.5% |
||||
|
Southern Copper Corp.: |
|
|
|
|
|
6.75% 4/16/40 |
|
1,760,000 |
1,956,557 |
|
|
7.5% 7/27/35 |
|
2,750,000 |
3,278,743 |
|
|
TOTAL UNITED STATES OF AMERICA |
5,235,300 |
|||
|
Nonconvertible Bonds - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Venezuela - 4.8% |
||||
|
Petroleos de Venezuela SA: |
|
|
|
|
|
4.9% 10/28/14 |
|
$ 10,635,000 |
$ 10,422,300 |
|
|
6% 5/16/24 (f) |
|
1,710,000 |
922,631 |
|
|
6% 11/15/26 (f) |
|
3,745,000 |
1,947,400 |
|
|
8.5% 11/2/17 (f) |
|
31,715,000 |
24,975,563 |
|
|
8.5% 11/2/17 (Reg. S) |
|
3,600,000 |
2,835,000 |
|
|
9% 11/17/21 (Reg. S) |
|
2,515,000 |
1,678,763 |
|
|
9.75% 5/17/35 (f) |
|
11,090,000 |
7,042,150 |
|
|
12.75% 2/17/22 (f) |
|
7,505,000 |
6,257,294 |
|
|
TOTAL VENEZUELA |
56,081,101 |
|||
|
TOTAL NONCONVERTIBLE BONDS (Cost $413,502,579) |
|
|||
|
Government Obligations - 57.0% |
||||
|
|
||||
|
Argentina - 4.7% |
||||
|
Argentine Republic: |
|
|
|
|
|
7% 10/3/15 |
|
30,180,000 |
28,067,384 |
|
|
7% 4/17/17 |
|
14,195,000 |
12,210,854 |
|
|
Buenos Aires Province 10.875% 1/26/21 (Reg. S) |
|
5,970,000 |
5,387,925 |
|
|
City of Buenos Aires 12.5% 4/6/15 (f) |
|
1,910,000 |
1,910,000 |
|
|
Provincia de Cordoba 12.375% 8/17/17 (f) |
|
4,860,000 |
4,471,200 |
|
|
Provincia de Neuquen Argentina 7.875% 4/26/21 (Reg. S) |
|
2,853,600 |
2,803,662 |
|
|
TOTAL ARGENTINA |
54,851,025 |
|||
|
Armenia - 0.5% |
||||
|
Republic of Armenia 6% 9/30/20 (f) |
|
5,620,000 |
5,816,700 |
|
|
Aruba - 0.1% |
||||
|
Aruba Government 4.625% 9/14/23 (f) |
|
1,170,000 |
1,175,850 |
|
|
Azerbaijan - 0.3% |
||||
|
Azerbaijan Republic 4.75% 3/18/24 (f) |
|
1,600,000 |
1,632,000 |
|
|
State Oil Co. of Azerbaijan Republic 4.75% 3/13/23 (Reg. S) |
|
1,800,000 |
1,771,200 |
|
|
TOTAL AZERBAIJAN |
3,403,200 |
|||
|
Bahamas (Nassau) - 0.1% |
||||
|
Bahamian Republic 6.95% 11/20/29 (f) |
|
1,095,000 |
1,231,875 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Belarus - 1.8% |
||||
|
Belarus Republic: |
|
|
|
|
|
8.75% 8/3/15 (Reg. S) |
|
$ 12,505,000 |
$ 12,757,601 |
|
|
8.95% 1/26/18 |
|
7,320,000 |
7,786,650 |
|
|
TOTAL BELARUS |
20,544,251 |
|||
|
Bolivia - 0.4% |
||||
|
Plurinational State of Bolivia: |
|
|
|
|
|
4.875% 10/29/22 (f) |
|
1,405,000 |
1,433,100 |
|
|
5.95% 8/22/23 (f) |
|
2,390,000 |
2,557,300 |
|
|
5.95% 8/22/23 |
|
400,000 |
428,000 |
|
|
TOTAL BOLIVIA |
4,418,400 |
|||
|
Brazil - 3.1% |
||||
|
Brazilian Federative Republic: |
|
|
|
|
|
4.25% 1/7/25 |
|
1,760,000 |
1,742,400 |
|
|
5% 1/27/45 |
|
1,970,000 |
1,851,800 |
|
|
5.625% 1/7/41 |
|
9,600,000 |
9,912,000 |
|
|
7.125% 1/20/37 |
|
7,810,000 |
9,586,775 |
|
|
8.25% 1/20/34 |
|
6,715,000 |
9,014,888 |
|
|
12.25% 3/6/30 |
|
2,175,000 |
4,002,000 |
|
|
TOTAL BRAZIL |
36,109,863 |
|||
|
Colombia - 1.5% |
||||
|
Colombian Republic: |
|
|
|
|
|
5.625% 2/26/44 |
|
1,075,000 |
1,182,500 |
|
|
6.125% 1/18/41 |
|
3,170,000 |
3,705,730 |
|
|
7.375% 9/18/37 |
|
3,450,000 |
4,605,750 |
|
|
10.375% 1/28/33 |
|
5,384,000 |
8,372,120 |
|
|
TOTAL COLOMBIA |
17,866,100 |
|||
|
Congo - 0.7% |
||||
|
Congo Republic 3.5% 6/30/29 (e) |
|
9,311,311 |
8,509,235 |
|
|
Costa Rica - 0.5% |
||||
|
Costa Rican Republic: |
|
|
|
|
|
4.25% 1/26/23 (f) |
|
1,950,000 |
1,798,875 |
|
|
4.375% 4/30/25 (f) |
|
1,120,000 |
1,013,600 |
|
|
5.625% 4/30/43 (f) |
|
730,000 |
624,150 |
|
|
7% 4/4/44 (f) |
|
2,180,000 |
2,190,900 |
|
|
TOTAL COSTA RICA |
5,627,525 |
|||
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Croatia - 1.5% |
||||
|
Croatia Republic: |
|
|
|
|
|
5.5% 4/4/23 (f) |
|
$ 3,115,000 |
$ 3,208,450 |
|
|
6% 1/26/24 (f) |
|
1,150,000 |
1,226,188 |
|
|
6.25% 4/27/17 (f) |
|
2,720,000 |
2,890,000 |
|
|
6.375% 3/24/21 (f) |
|
3,120,000 |
3,385,200 |
|
|
6.625% 7/14/20 (f) |
|
2,760,000 |
3,036,000 |
|
|
6.75% 11/5/19 (f) |
|
3,100,000 |
3,417,750 |
|
|
TOTAL CROATIA |
17,163,588 |
|||
|
Dominican Republic - 1.3% |
||||
|
Dominican Republic: |
|
|
|
|
|
1.1344% 8/30/24 (h) |
|
5,200,000 |
4,576,000 |
|
|
5.875% 4/18/24 (f) |
|
1,650,000 |
1,699,500 |
|
|
5.875% 4/18/24 |
|
470,000 |
484,100 |
|
|
7.45% 4/30/44 (f) |
|
4,685,000 |
5,036,375 |
|
|
7.5% 5/6/21 (f) |
|
3,060,000 |
3,442,500 |
|
|
TOTAL DOMINICAN REPUBLIC |
15,238,475 |
|||
|
El Salvador - 0.3% |
||||
|
El Salvador Republic: |
|
|
|
|
|
7.625% 2/1/41 (f) |
|
1,000,000 |
1,055,000 |
|
|
7.65% 6/15/35 (Reg. S) |
|
1,375,000 |
1,460,938 |
|
|
8.25% 4/10/32 (Reg. S) |
|
1,150,000 |
1,325,375 |
|
|
TOTAL EL SALVADOR |
3,841,313 |
|||
|
Georgia - 0.2% |
||||
|
Georgia Republic 6.875% 4/12/21 (f) |
|
1,875,000 |
2,090,625 |
|
|
Hungary - 0.9% |
||||
|
Hungarian Republic: |
|
|
|
|
|
5.375% 3/25/24 |
|
1,704,000 |
1,797,720 |
|
|
5.75% 11/22/23 |
|
2,793,000 |
3,026,914 |
|
|
7.625% 3/29/41 |
|
4,298,000 |
5,479,950 |
|
|
TOTAL HUNGARY |
10,304,584 |
|||
|
Indonesia - 4.3% |
||||
|
Indonesian Republic: |
|
|
|
|
|
3.375% 4/15/23 (f) |
|
1,615,000 |
1,501,950 |
|
|
4.875% 5/5/21 (f) |
|
4,990,000 |
5,189,600 |
|
|
5.25% 1/17/42 (f) |
|
3,195,000 |
3,079,181 |
|
|
5.375% 10/17/23 |
|
2,150,000 |
2,295,125 |
|
|
5.875% 3/13/20 (f) |
|
3,745,000 |
4,105,456 |
|
|
6.625% 2/17/37 (f) |
|
3,900,000 |
4,407,000 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Indonesia - continued |
||||
|
Indonesian Republic: - continued |
|
|
|
|
|
6.75% 1/15/44 (f) |
|
$ 3,645,000 |
$ 4,264,650 |
|
|
7.75% 1/17/38 (f) |
|
8,070,000 |
10,248,900 |
|
|
7.875% 4/15/19 |
IDR |
34,527,000,000 |
2,791,062 |
|
|
8.5% 10/12/35 (Reg. S) |
|
7,320,000 |
9,882,000 |
|
|
11.625% 3/4/19 (f) |
|
1,405,000 |
1,868,650 |
|
|
TOTAL INDONESIA |
49,633,574 |
|||
|
Iraq - 0.5% |
||||
|
Republic of Iraq 5.8% 1/15/28 (Reg. S) |
|
6,700,000 |
5,996,500 |
|
|
Ivory Coast - 0.5% |
||||
|
Ivory Coast: |
|
|
|
|
|
5.375% 7/23/24 (f) |
|
1,360,000 |
1,297,100 |
|
|
7.7743% 12/31/32 |
|
4,915,000 |
4,687,681 |
|
|
TOTAL IVORY COAST |
5,984,781 |
|||
|
Jordan - 0.2% |
||||
|
Jordanian Kingdom 3.875% 11/12/15 |
|
2,425,000 |
2,443,188 |
|
|
Lebanon - 1.3% |
||||
|
Lebanese Republic: |
|
|
|
|
|
4% 12/31/17 |
|
7,859,250 |
7,819,954 |
|
|
4.75% 11/2/16 |
|
1,780,000 |
1,806,700 |
|
|
5.45% 11/28/19 |
|
2,760,000 |
2,784,702 |
|
|
6.375% 3/9/20 |
|
2,570,000 |
2,685,650 |
|
|
TOTAL LEBANON |
15,097,006 |
|||
|
Mexico - 2.9% |
||||
|
Comision Federal de Electricid 5.75% 2/14/42 (Reg. S) |
|
600,000 |
634,500 |
|
|
United Mexican States: |
|
|
|
|
|
4.75% 3/8/44 |
|
7,838,000 |
7,779,215 |
|
|
5.55% 1/21/45 |
|
1,640,000 |
1,822,040 |
|
|
6.05% 1/11/40 |
|
8,232,000 |
9,713,760 |
|
|
6.75% 9/27/34 |
|
6,535,000 |
8,299,450 |
|
|
7.5% 4/8/33 |
|
1,800,000 |
2,461,500 |
|
|
8.3% 8/15/31 |
|
1,740,000 |
2,562,150 |
|
|
TOTAL MEXICO |
33,272,615 |
|||
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Morocco - 0.4% |
||||
|
Moroccan Kingdom: |
|
|
|
|
|
4.25% 12/11/22 (f) |
|
$ 2,805,000 |
$ 2,784,524 |
|
|
5.5% 12/11/42 (f) |
|
1,250,000 |
1,243,750 |
|
|
TOTAL MOROCCO |
4,028,274 |
|||
|
Netherlands - 0.2% |
||||
|
Republic of Angola 7% 8/16/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S) |
|
2,100,000 |
2,264,430 |
|
|
Nigeria - 0.5% |
||||
|
Central Bank of Nigeria warrants 11/15/20 (a)(i) |
|
3,750 |
630,087 |
|
|
Republic of Nigeria: |
|
|
|
|
|
6.75% 1/28/21 (f) |
|
1,100,000 |
1,196,470 |
|
|
13.05% 8/16/16 |
NGN |
566,875,000 |
3,517,497 |
|
|
TOTAL NIGERIA |
5,344,054 |
|||
|
Pakistan - 1.3% |
||||
|
Islamic Republic of Pakistan: |
|
|
|
|
|
7.125% 3/31/16 (f) |
|
8,056,000 |
8,158,311 |
|
|
7.125% 3/31/16 (Reg. S) |
|
100,000 |
101,270 |
|
|
7.25% 4/15/19 (f) |
|
6,165,000 |
6,218,944 |
|
|
8.25% 4/15/24 (f) |
|
1,150,000 |
1,150,000 |
|
|
TOTAL PAKISTAN |
15,628,525 |
|||
|
Panama - 0.7% |
||||
|
Panamanian Republic: |
|
|
|
|
|
4% 9/22/24 |
|
3,475,000 |
3,466,313 |
|
|
6.7% 1/26/36 |
|
1,300,000 |
1,595,750 |
|
|
8.875% 9/30/27 |
|
1,265,000 |
1,802,625 |
|
|
9.375% 4/1/29 |
|
1,170,000 |
1,734,525 |
|
|
TOTAL PANAMA |
8,599,213 |
|||
|
Peru - 0.9% |
||||
|
Peruvian Republic: |
|
|
|
|
|
4% 3/7/27 (e) |
|
3,350,000 |
3,350,000 |
|
|
8.75% 11/21/33 |
|
4,930,000 |
7,493,600 |
|
|
TOTAL PERU |
10,843,600 |
|||
|
Philippines - 1.6% |
||||
|
Philippine Republic: |
|
|
|
|
|
7.75% 1/14/31 |
|
4,290,000 |
5,963,100 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Philippines - continued |
||||
|
Philippine Republic: - continued |
|
|
|
|
|
9.5% 2/2/30 |
|
$ 5,085,000 |
$ 7,932,600 |
|
|
10.625% 3/16/25 |
|
3,235,000 |
5,078,950 |
|
|
TOTAL PHILIPPINES |
18,974,650 |
|||
|
Romania - 0.7% |
||||
|
Romanian Republic: |
|
|
|
|
|
4.375% 8/22/23 (f) |
|
2,308,000 |
2,360,507 |
|
|
6.125% 1/22/44 (f) |
|
3,368,000 |
3,870,128 |
|
|
6.75% 2/7/22 (f) |
|
1,651,000 |
1,952,308 |
|
|
6.75% 2/7/22 |
|
400,000 |
473,000 |
|
|
TOTAL ROMANIA |
8,655,943 |
|||
|
Russia - 4.4% |
||||
|
Russian Federation: |
|
|
|
|
|
5.625% 4/4/42 (f) |
|
3,800,000 |
3,781,000 |
|
|
5.875% 9/16/43 (f) |
|
7,000,000 |
7,140,000 |
|
|
7.5% 3/31/30 (Reg. S) |
|
15,179,625 |
17,004,671 |
|
|
12.75% 6/24/28 (Reg. S) |
|
14,255,000 |
23,413,838 |
|
|
TOTAL RUSSIA |
51,339,509 |
|||
|
Serbia - 1.2% |
||||
|
Republic of Serbia: |
|
|
|
|
|
5.25% 11/21/17 (f) |
|
1,580,000 |
1,623,450 |
|
|
5.875% 12/3/18 (f) |
|
3,410,000 |
3,554,925 |
|
|
6.75% 11/1/24 (f) |
|
6,095,348 |
6,141,063 |
|
|
7.25% 9/28/21 (f) |
|
2,200,000 |
2,454,386 |
|
|
TOTAL SERBIA |
13,773,824 |
|||
|
South Africa - 0.1% |
||||
|
South African Republic 5.875% 9/16/25 |
|
1,195,000 |
1,314,500 |
|
|
Sri Lanka - 1.4% |
||||
|
Democratic Socialist Republic of Sri Lanka: |
|
|
|
|
|
5.125% 4/11/19 (f) |
|
1,350,000 |
1,370,250 |
|
|
5.875% 7/25/22 (f) |
|
1,545,000 |
1,591,350 |
|
|
5.875% 7/25/22 |
|
785,000 |
808,550 |
|
|
6% 1/14/19 (f) |
|
2,615,000 |
2,758,825 |
|
|
6.25% 10/4/20 (f) |
|
4,170,000 |
4,409,775 |
|
|
6.25% 7/27/21 (f) |
|
2,520,000 |
2,646,000 |
|
|
7.4% 1/22/15 (f) |
|
2,210,000 |
2,240,940 |
|
|
TOTAL SRI LANKA |
15,825,690 |
|||
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Tanzania - 0.1% |
||||
|
United Republic of Tanzania 6.3289% 3/9/20 (h) |
|
$ 1,190,000 |
$ 1,282,225 |
|
|
Turkey - 5.3% |
||||
|
Turkish Republic: |
|
|
|
|
|
5.125% 3/25/22 |
|
2,815,000 |
2,896,635 |
|
|
5.625% 3/30/21 |
|
3,275,000 |
3,479,688 |
|
|
6.25% 9/26/22 |
|
3,125,000 |
3,437,500 |
|
|
6.75% 4/3/18 |
|
4,400,000 |
4,873,000 |
|
|
6.75% 5/30/40 |
|
3,965,000 |
4,496,310 |
|
|
6.875% 3/17/36 |
|
8,220,000 |
9,422,586 |
|
|
7% 3/11/19 |
|
2,870,000 |
3,214,400 |
|
|
7.25% 3/5/38 |
|
5,125,000 |
6,156,406 |
|
|
7.375% 2/5/25 |
|
7,725,000 |
9,173,438 |
|
|
7.5% 11/7/19 |
|
5,855,000 |
6,727,395 |
|
|
8% 2/14/34 |
|
1,900,000 |
2,436,750 |
|
|
11.875% 1/15/30 |
|
2,920,000 |
4,912,900 |
|
|
TOTAL TURKEY |
61,227,008 |
|||
|
Ukraine - 0.9% |
||||
|
Ukraine Financing of Infrastructure Projects State Enterprise 8.375% 11/3/17 (f) |
|
3,975,000 |
3,200,670 |
|
|
Ukraine Government: |
|
|
|
|
|
6.875% 9/23/15 (Reg. S) |
|
1,350,000 |
1,211,625 |
|
|
7.75% 9/23/20 (f) |
|
1,920,000 |
1,641,984 |
|
|
9.25% 7/24/17 (f) |
|
4,610,000 |
4,045,275 |
|
|
TOTAL UKRAINE |
10,099,554 |
|||
|
United States of America - 0.5% |
||||
|
U.S. Treasury Bonds 3.625% 8/15/43 |
|
5,584,000 |
6,035,958 |
|
|
Uruguay - 0.6% |
||||
|
Uruguay Republic 7.875% 1/15/33 pay-in-kind |
|
5,210,000 |
6,981,400 |
|
|
Venezuela - 7.5% |
||||
|
Venezuelan Republic: |
|
|
|
|
|
oil recovery rights 4/15/20 (i) |
|
57,010 |
1,254,220 |
|
|
5.75% 2/26/16 (Reg S.) |
|
26,710,000 |
22,770,275 |
|
|
7% 3/31/38 |
|
2,400,000 |
1,362,000 |
|
|
8.5% 10/8/14 |
|
17,595,000 |
17,366,265 |
|
|
9% 5/7/23 (Reg. S) |
|
11,410,000 |
7,701,750 |
|
|
9.25% 9/15/27 |
|
3,635,000 |
2,499,063 |
|
|
9.25% 5/7/28 (Reg. S) |
|
3,990,000 |
2,623,425 |
|
|
9.375% 1/13/34 |
|
3,460,000 |
2,283,600 |
|
|
11.75% 10/21/26 (Reg. S) |
|
7,575,000 |
5,855,475 |
|
|
Government Obligations - continued |
||||
|
|
Principal Amount (d) |
Value |
||
|
Venezuela - continued |
||||
|
Venezuelan Republic: - continued |
|
|
|
|
|
11.95% 8/5/31 (Reg. S) |
|
$ 13,490,000 |
$ 10,353,575 |
|
|
12.75% 8/23/22 |
|
10,290,000 |
8,566,425 |
|
|
13.625% 8/15/18 |
|
5,005,000 |
4,572,068 |
|
|
TOTAL VENEZUELA |
87,208,141 |
|||
|
Vietnam - 1.0% |
||||
|
Vietnamese Socialist Republic: |
|
|
|
|
|
1.1434% 3/12/16 (h) |
|
1,145,478 |
1,056,704 |
|
|
4% 3/12/28 (e) |
|
8,143,334 |
7,420,613 |
|
|
6.875% 1/15/16 (f) |
|
2,740,000 |
2,900,975 |
|
|
TOTAL VIETNAM |
11,378,292 |
|||
|
Zambia - 0.1% |
||||
|
Republic of Zambia 5.375% 9/20/22 (f) |
|
1,335,000 |
1,274,925 |
|
|
TOTAL GOVERNMENT OBLIGATIONS (Cost $657,140,308) |
|
|||
|
Supranational Obligations - 0.3% |
||||
|
|
||||
|
European Bank for Reconstruction & Development 6.2% 6/27/15 |
INR |
116,600,000 |
1,878,037 |
|
|
Inter-American Development Bank 4.75% 10/25/15 (Reg. S) |
INR |
51,000,000 |
804,825 |
|
|
International Finance Corp. 7.75% 12/3/16 |
INR |
73,000,000 |
1,204,382 |
|
|
TOTAL SUPRANATIONAL OBLIGATIONS (Cost $4,025,583) |
|
|||
|
Sovereign Loan Participations - 0.5% |
||||
|
|
||||
|
Indonesia - 0.5% |
||||
|
Indonesian Republic loan participation: |
|
|
|
|
|
Goldman Sachs 1.1875% 12/14/19 (h) |
|
3,498,490 |
3,428,520 |
|
|
Mizuho 1.1875% 12/14/19 (h) |
|
2,825,600 |
2,769,088 |
|
|
TOTAL SOVEREIGN LOAN PARTICIPATIONS (Cost $6,093,819) |
|
|||
|
Preferred Securities - 2.1% |
||||
|
|
Principal Amount (d) |
Value |
||
|
Brazil - 0.2% |
||||
|
Cosan Overseas Ltd. 8.25% (g) |
|
$ 2,550,000 |
$ 2,659,085 |
|
|
British Virgin Islands - 0.2% |
||||
|
Magnesita Finance Ltd.: |
|
|
|
|
|
8.625% (f)(g) |
|
1,895,000 |
1,924,609 |
|
|
8.625% (Reg. S) (g) |
|
300,000 |
304,688 |
|
|
TOTAL BRITISH VIRGIN ISLANDS |
2,229,297 |
|||
|
Cayman Islands - 1.2% |
||||
|
CSN Islands XII Corp. 7% (Reg. S) (g) |
|
4,915,000 |
4,480,212 |
|
|
Odebrecht Finance Ltd.: |
|
|
|
|
|
7.5% (f)(g) |
|
8,250,000 |
8,361,398 |
|
|
7.5% (Reg. S) (g) |
|
300,000 |
304,051 |
|
|
TOTAL CAYMAN ISLANDS |
13,145,661 |
|||
|
Mexico - 0.5% |
||||
|
Gruma S.A.B. de CV 7.75% (Reg. S) (g) |
|
5,914,000 |
6,037,967 |
|
|
TOTAL PREFERRED SECURITIES (Cost $24,306,612) |
|
|||
|
Money Market Funds - 3.2% |
|||
|
Shares |
|
||
|
Fidelity Cash Central Fund, 0.12% (b) |
37,356,651 |
|
|
|
TOTAL INVESTMENT PORTFOLIO - 98.2% (Cost $1,142,425,552) |
1,142,810,093 |
||
|
NET OTHER ASSETS (LIABILITIES) - 1.8% |
20,762,002 |
||
|
NET ASSETS - 100% |
$ 1,163,572,095 |
||
|
Currency Abbreviations |
||
|
BRL |
- |
Brazilian real |
|
IDR |
- |
Indonesian rupiah |
|
INR |
- |
Indian rupee |
|
MXN |
- |
Mexican peso |
|
NGN |
- |
Nigerian naira |
|
RUB |
- |
Russian ruble |
|
Legend |
|
(a) Non-income producing |
|
(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
|
(c) Non-income producing - Security is in default. |
|
(d) Amount is stated in United States dollars unless otherwise noted. |
|
(e) 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. |
|
(f) 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 $457,116,100 or 39.3% of net assets. |
|
(g) Security is perpetual in nature with no stated maturity date. |
|
(h) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
|
(i) 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 |
$ 28,920 |
|
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, 2014, 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 |
$ 408,596,592 |
$ - |
$ 408,596,592 |
$ - |
|
Government Obligations |
662,699,988 |
- |
659,349,988 |
3,350,000 |
|
Supranational Obligations |
3,887,244 |
- |
3,887,244 |
- |
|
Sovereign Loan Participations |
6,197,608 |
- |
- |
6,197,608 |
|
Preferred Securities |
24,072,010 |
- |
24,072,010 |
- |
|
Money Market Funds |
37,356,651 |
37,356,651 |
- |
- |
|
Total Investments in Securities: |
$ 1,142,810,093 |
$ 37,356,651 |
$ 1,095,905,834 |
$ 9,547,608 |
|
Income Tax Information |
|
At September 30, 2014, the cost of investment securities for income tax purposes was $1,126,912,813. Net unrealized appreciation aggregated $15,897,280, of which $42,011,108 related to appreciated investment securities and $26,113,828 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 currency exchange rates are not readily available or reliable, investments 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 investment type and may include market or investment 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. Corporate bonds, foreign government and government agency obligations, preferred securities, supranational obligations, U.S. government and government agency obligations, and sovereign loan participations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. |
|
When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions. |
|
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. |
|
Credit Risk. |
|
The Fund's relatively large investment in countries with limited or developing capital markets may involve greater risks than investments in more developed markets and the prices of such investments may be volatile. The yields of emerging market debt obligations reflect, among other things, perceived credit risk. The consequences of political, social or economic changes in these markets may have disruptive effects on the market prices of the Fund's investments and the income they generate, as well as the Fund's ability to repatriate such amounts. |
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. |
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 28, 2014 |
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 28, 2014 |
|
By: |
/s/Howard J. Galligan III |
|
|
Howard J. Galligan III |
|
|
Chief Financial Officer |
|
|
|
|
Date: |
November 28, 2014 |
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 28, 2014
| /s/Kenneth B. Robins |
| Kenneth B. Robins |
| President and Treasurer |
I, Howard J. Galligan III, 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 28, 2014
| /s/Howard J. Galligan III |
| Howard J. Galligan III |
| Chief Financial Officer |