N-Q 1 filing906.htm PRIMARY DOCUMENT

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)


Marc Bryant, 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:

March 31, 2016


Item 1.

Schedule of Investments




Quarterly Holdings Report
for

Fidelity® Series Emerging Markets Debt Fund

March 31, 2016







SED-QTLY-0516
1.924255.105





Investments March 31, 2016 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 33.5%   
 Principal Amount(a) Value 
Argentina - 3.3%   
Aeropuertos Argentina 2000 SA:   
10.75% 12/1/20 (b) $3,515,190 $3,736,647 
10.75% 12/1/20 (Reg. S) 359,100 381,723 
Banco de Galicia y Buenos Aires SA 16% 1/1/19 (Reg. S) 1,793,696 1,845,265 
Banco Hipotecario SA 9.75% 11/30/20 (b) 1,635,000 1,741,275 
Inversiones y Representaciones SA:   
8.5% 2/2/17 (Reg. S) 205,000 206,281 
11.5% 7/20/20 (Reg. S) 10,000 10,725 
IRSA Propiedades Comerciales SA 8.75% 3/23/23 (b) 1,665,000 1,667,498 
Pan American Energy LLC 7.875% 5/7/21 (b) 3,035,000 3,010,720 
Transportadora de Gas del Sur SA:   
7.875% 5/14/17 (Reg. S) 430,000 425,700 
9.625% 5/14/20 (b) 7,927,345 8,125,528 
YPF SA:   
8.5% 3/23/21 (b) 1,160,000 1,161,450 
8.5% 7/28/25 (b) 2,535,000 2,470,358 
8.75% 4/4/24 (b) 8,125,000 8,043,750 
8.875% 12/19/18 (b) 2,555,000 2,652,090 
TOTAL ARGENTINA  35,479,010 
Azerbaijan - 0.6%   
International Bank of Azerbaijan OJSC 5.625% 6/11/19 (Reg. S) 1,685,000 1,558,625 
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) 2,040,000 2,041,938 
State Oil Co. of Azerbaijan Republic 4.75% 3/13/23 (Reg. S) 3,025,000 2,654,655 
TOTAL AZERBAIJAN  6,255,218 
Bailiwick of Jersey - 0.6%   
Polyus Gold International Ltd.:   
5.625% 4/29/20 (b) 6,475,000 6,386,461 
5.625% 4/29/20 (Reg. S) 550,000 542,479 
TOTAL BAILIWICK OF JERSEY  6,928,940 
Bangladesh - 0.6%   
Banglalink Digital Communications Ltd. 8.625% 5/6/19 (b) 5,855,000 6,059,925 
Bermuda - 0.2%   
Kosmos Energy Ltd.:   
7.875% 8/1/21 (b) 2,460,000 2,066,400 
7.875% 8/1/21 (b) 600,000 504,000 
TOTAL BERMUDA  2,570,400 
Brazil - 0.4%   
Banco Nacional de Desenvolvimento Economico e Social:   
5.5% 7/12/20(b) 1,545,000 1,531,481 
5.75% 9/26/23 (b) 2,015,000 1,941,856 
6.369% 6/16/18 (b) 1,025,000 1,057,267 
TOTAL BRAZIL  4,530,604 
British Virgin Islands - 0.8%   
Arcos Dorados Holdings, Inc. 10.25% 7/13/16 (b) BRL13,537,000 3,501,289 
Gold Fields Orogen Holding BVI Ltd.:   
4.875% 10/7/20 (b) 5,855,000 5,269,500 
4.875% 10/7/20 (Reg. S) 300,000 270,000 
TOTAL BRITISH VIRGIN ISLANDS  9,040,789 
Canada - 0.6%   
Evraz, Inc. NA Canada 7.5% 11/15/19 (b) 4,635,000 4,136,738 
Pacific Rubiales Energy Corp. 7.25% 12/12/21 (b) 12,623,000 2,145,910 
Sino-Forest Corp. 6.25% 10/21/17 (b)(c) 3,220,000 
TOTAL CANADA  6,282,648 
Cayman Islands - 0.4%   
Vale Overseas Ltd.:   
4.375% 1/11/22 2,565,000 2,183,456 
4.625% 9/15/20 1,905,000 1,757,363 
TOTAL CAYMAN ISLANDS  3,940,819 
Chile - 0.1%   
Empresa Nacional de Petroleo 4.75% 12/6/21 (b) 615,000 643,632 
Dominican Republic - 0.2%   
Banco de Reservas de La Republica Dominicana 7% 2/1/23(b) 1,980,000 1,906,740 
Georgia - 1.0%   
Georgia Bank Joint Stock Co.:   
7.75% 7/5/17 (b) 5,015,000 5,176,483 
7.75% 7/5/17 (Reg. S) 1,100,000 1,135,420 
Georgian Oil & Gas Corp.:   
6.875% 5/16/17 (b) 2,435,000 2,435,974 
6.875% 5/16/17 (Reg. S) 450,000 450,180 
JSC Georgian Railway 7.75% 7/11/22 (b) 1,365,000 1,450,313 
TOTAL GEORGIA  10,648,370 
Indonesia - 1.7%   
PT Pertamina Persero:   
4.3% 5/20/23 (b) 1,430,000 1,394,875 
4.3% 5/20/23 (Reg S.) 1,000,000 975,437 
4.875% 5/3/22 (b) 2,270,000 2,305,830 
5.25% 5/23/21 (b) 2,000,000 2,093,524 
5.625% 5/20/43 (b) 2,809,000 2,473,990 
5.625% 5/20/43 (Reg. S) 900,000 792,663 
6% 5/3/42 (b) 3,845,000 3,509,766 
6.5% 5/27/41 (b) 4,795,000 4,676,779 
TOTAL INDONESIA  18,222,864 
Ireland - 2.3%   
EDC Finance Ltd. 4.875% 4/17/20 (b) 6,265,000 5,864,353 
Metalloinvest Finance Ltd. 5.625% 4/17/20 (b) 1,645,000 1,629,267 
MTS International Funding Ltd. 8.625% 6/22/20 (b) 6,420,000 7,303,135 
Vimpel Communications OJSC 7.748% 2/2/21 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (b) 9,025,000 9,656,931 
TOTAL IRELAND  24,453,686 
Kazakhstan - 0.9%   
KazMunaiGaz Finance Sub BV:   
6.375% 4/9/21 (b) 1,050,000 1,079,001 
7% 5/5/20 (b) 1,088,000 1,142,400 
9.125% 7/2/18 (b) 925,000 1,008,481 
Zhaikmunai International BV:   
7.125% 11/13/19 (b) 7,600,000 6,024,520 
7.125% 11/13/19 (Reg. S) 450,000 356,715 
TOTAL KAZAKHSTAN  9,611,117 
Korea (South) - 0.1%   
Export-Import Bank of Korea 6% 6/4/16 (Reg. S) INR104,200,000 1,568,261 
Luxembourg - 3.8%   
EVRAZ Group SA:   
6.5% 4/22/20 (b) 2,735,000 2,624,944 
9.5% 4/24/18 (Reg. S) 6,075,000 6,477,955 
MHP SA 8.25% 4/2/20 (b) 1,220,000 1,070,794 
Millicom International Cellular SA 6.625% 10/15/21 (b) 3,275,000 3,295,469 
OJSC Russian Agricultural Bank 7.75% 5/29/18 (Issued by RSHB Capital SA for OJSC Russian Agricultural Bank) (b) 2,255,000 2,408,295 
Petrobras International Finance Co. Ltd.:   
5.75% 1/20/20 5,615,000 4,878,031 
5.875% 3/1/18 7,185,000 6,896,163 
6.875% 1/20/40 8,820,000 6,350,400 
SB Capital SA 5.5% 2/26/24 (b)(d) 4,030,000 3,661,739 
TMK Capital SA:   
6.75% 4/3/20 (Reg. S) 1,075,000 1,045,438 
7.75% 1/27/18 1,520,000 1,541,526 
TOTAL LUXEMBOURG  40,250,754 
Mexico - 7.3%   
America Movil S.A.B. de CV 6.45% 12/5/22 MXN62,900,000 3,466,624 
Credito Real S.A.B. de CV 7.5% 3/13/19 (b) 1,600,000 1,584,000 
Nacional Financiera SNC 3.375% 11/5/20 (b) 2,410,000 2,428,075 
Pemex Project Funding Master Trust:   
6.625% 6/15/35 13,130,000 12,604,800 
6.625% 6/15/38 285,000 270,038 
8.625% 12/1/23 (d) 320,000 374,400 
Petroleos Mexicanos:   
3.5% 1/30/23 3,355,000 3,040,469 
4.875% 1/18/24 2,600,000 2,548,650 
5.5% 2/4/19 (b) 3,505,000 3,671,488 
5.5% 1/21/21 2,330,000 2,417,375 
5.5% 6/27/44 7,975,000 6,626,428 
6.375% 2/4/21 (b) 1,680,000 1,791,720 
6.375% 1/23/45 7,855,000 7,281,585 
6.5% 6/2/41 13,870,000 13,058,605 
6.625% (b)(e) 13,320,000 12,087,900 
TV Azteca SA de CV:   
7.5% 5/25/18 (Reg. S) 6,160,000 3,942,400 
7.625% 9/18/20 (Reg S.) 515,000 301,275 
TOTAL MEXICO  77,495,832 
Netherlands - 2.7%   
GTB Finance BV 6% 11/8/18 (b) 7,100,000 6,523,835 
HSBK BV:   
7.25% 5/3/17 (b) 4,180,000 4,241,137 
7.25% 5/3/17 (Reg. S) 550,000 558,044 
Metinvest BV:   
8.75% 2/14/18 (Reg. S) 1,279,831 576,180 
10.5% 11/28/17 (b) 8,387,046 3,775,848 
10.5% 11/28/17 (Reg. S) 497,805 224,112 
Nord Gold NV 6.375% 5/7/18 (b) 2,380,000 2,453,647 
Nostrum Oil & Gas Finance BV 6.375% 2/14/19 (b) 4,295,000 3,393,050 
Petrobras Global Finance BV:   
2.762% 1/15/19 (d) 740,000 601,324 
3% 1/15/19 6,585,000 5,659,307 
VimpelCom Holdings BV 9% 2/13/18 (Reg S.) RUB76,710,000 1,099,972 
TOTAL NETHERLANDS  29,106,456 
Nigeria - 0.7%   
Zenith Bank PLC 6.25% 4/22/19 (b) 8,510,000 7,687,253 
Tunisia - 0.2%   
Banque Centrale de Tunisie 5.75% 1/30/25 (b) 2,105,000 1,820,825 
Turkey - 0.3%   
Export Credit Bank of Turkey 5.875% 4/24/19 (b) 3,000,000 3,144,546 
United Kingdom - 0.6%   
Afren PLC:   
6.625% 12/9/20 (b)(c) 3,634,989 7,270 
10.25% 4/8/19 (Reg. S) (c) 4,990,425 9,981 
Biz Finance PLC 9.625% 4/27/22 (Reg. S) 1,745,000 1,535,600 
Ferrexpo Finance PLC:   
10.375% 4/7/19 (b) 5,970,000 4,001,094 
10.375% 4/7/19 (b) 1,106,000 741,241 
TOTAL UNITED KINGDOM  6,295,186 
United States of America - 0.4%   
CEMEX Finance LLC 9.375% 10/12/22 (b) 1,385,000 1,523,500 
Southern Copper Corp. 7.5% 7/27/35 2,775,000 2,900,255 
TOTAL UNITED STATES OF AMERICA  4,423,755 
Venezuela - 3.7%   
Petroleos de Venezuela SA:   
5.375% 4/12/27 6,890,000 2,186,886 
5.5% 4/12/37 1,725,000 547,688 
6% 5/16/24 (b) 8,065,000 2,459,825 
6% 11/15/26 (b) 7,860,000 2,424,810 
8.5% 11/2/17 (b) 41,510,000 22,000,300 
8.5% 11/2/17 (Reg. S) 2,400,000 1,272,000 
9% 11/17/21 (Reg. S) 2,515,000 933,694 
9.75% 5/17/35 (b) 11,925,000 4,531,500 
12.75% 2/17/22 (b) 6,585,000 2,999,468 
TOTAL VENEZUELA  39,356,171 
TOTAL NONCONVERTIBLE BONDS   
(Cost $406,154,373)  357,723,801 
Government Obligations - 56.2%   
Argentina - 7.4%   
Argentine Republic:   
7% 4/17/17 35,635,000 35,959,674 
8.28% 12/31/33 (c) 9,267,471 11,074,628 
8.75% 6/2/17 (c) 6,525,000 7,715,813 
Buenos Aires Province:   
9.375% 9/14/18 (b) 2,610,000 2,714,400 
10.875% 1/26/21 (b) 100,000 108,250 
10.875% 1/26/21 (Reg. S) 11,300,000 12,232,250 
City of Buenos Aires:   
8.95% 2/19/21 (b) 1,625,000 1,742,813 
9.95% 3/1/17 (b) 1,490,000 1,557,050 
Provincia de Cordoba 12.375% 8/17/17 (b) 5,240,000 5,515,100 
TOTAL ARGENTINA  78,619,978 
Armenia - 0.8%   
Republic of Armenia:   
6% 9/30/20 (b) 5,521,000 5,456,625 
7.15% 3/26/25 (b) 2,675,000 2,633,270 
TOTAL ARMENIA  8,089,895 
Azerbaijan - 0.1%   
Azerbaijan Republic 4.75% 3/18/24 (b) 1,300,000 1,235,000 
Belarus - 1.0%   
Belarus Republic 8.95% 1/26/18 10,035,000 10,436,400 
Brazil - 4.5%   
Brazilian Federative Republic:   
4.25% 1/7/25 8,390,000 7,697,825 
5.625% 1/7/41 11,955,000 10,311,188 
6% 4/7/26 3,285,000 3,334,275 
7.125% 1/20/37 10,765,000 10,872,650 
8.25% 1/20/34 14,030,000 15,678,525 
TOTAL BRAZIL  47,894,463 
Colombia - 2.1%   
Colombian Republic:   
4.375% 3/21/23 COP20,627,000,000 5,757,392 
5% 6/15/45 2,250,000 2,092,500 
5.625% 2/26/44 2,375,000 2,363,125 
6.125% 1/18/41 1,520,000 1,596,000 
7.375% 9/18/37 2,675,000 3,163,188 
10.375% 1/28/33 5,384,000 7,658,740 
TOTAL COLOMBIA  22,630,945 
Congo - 0.7%   
Congo Republic 4% 6/30/29 (f) 10,840,412 7,864,719 
Costa Rica - 0.6%   
Costa Rican Republic:   
5.625% 4/30/43 (b) 1,430,000 1,090,375 
7% 4/4/44 (b) 3,840,000 3,465,600 
7.158% 3/12/45 (b) 2,500,000 2,262,500 
TOTAL COSTA RICA  6,818,475 
Croatia - 1.4%   
Croatia Republic:   
5.5% 4/4/23 (b) 3,115,000 3,286,686 
6% 1/26/24 (b) 1,150,000 1,251,476 
6.375% 3/24/21 (b) 4,670,000 5,101,975 
6.625% 7/14/20 (b) 3,010,000 3,306,485 
6.75% 11/5/19 (b) 2,300,000 2,523,422 
TOTAL CROATIA  15,470,044 
Dominican Republic - 2.4%   
Dominican Republic:   
1.4674% 8/30/24 (d) 9,915,000 9,825,765 
5.5% 1/27/25 (b) 1,520,000 1,520,000 
6.85% 1/27/45 (b) 3,520,000 3,484,800 
6.875% 1/29/26 (b) 2,450,000 2,603,125 
7.45% 4/30/44 (b) 4,385,000 4,604,250 
7.5% 5/6/21 (b) 3,335,000 3,635,150 
TOTAL DOMINICAN REPUBLIC  25,673,090 
El Salvador - 0.2%   
El Salvador Republic:   
7.625% 2/1/41 (b) 575,000 489,469 
7.65% 6/15/35 (Reg. S) 1,635,000 1,430,625 
TOTAL EL SALVADOR  1,920,094 
Georgia - 0.1%   
Georgia Republic 6.875% 4/12/21 (b) 1,075,000 1,158,313 
Hungary - 0.9%   
Hungarian Republic:   
5.375% 3/25/24 1,704,000 1,908,361 
5.75% 11/22/23 2,167,000 2,468,213 
7.625% 3/29/41 3,728,000 5,278,848 
TOTAL HUNGARY  9,655,422 
Indonesia - 4.1%   
Indonesian Republic:   
3.375% 4/15/23 (b) 1,615,000 1,577,761 
4.75% 1/8/26 (b) 1,625,000 1,704,799 
4.875% 5/5/21 (b) 2,365,000 2,546,405 
5.25% 1/17/42 (b) 3,195,000 3,210,604 
5.375% 10/17/23 1,450,000 1,590,666 
5.95% 1/8/46 (b) 1,590,000 1,762,194 
6.625% 2/17/37 (b) 3,675,000 4,260,486 
6.75% 1/15/44 (b) 3,645,000 4,405,803 
7.75% 1/17/38 (b) 7,920,000 10,186,482 
8.5% 10/12/35 (Reg. S) 7,645,000 10,351,850 
Perusahaan Penerbit SBSN 4.55% 3/29/26 (b) 1,655,000 1,656,986 
TOTAL INDONESIA  43,254,036 
Iraq - 0.8%   
Republic of Iraq 5.8% 1/15/28 (Reg. S) 11,860,000 8,147,820 
Ivory Coast - 0.9%   
Ivory Coast 5.75% 12/31/32 10,315,000 9,515,588 
Kazakhstan - 0.4%   
Kazakhstan Republic:   
5.125% 7/21/25 (b) 2,140,000 2,203,665 
6.5% 7/21/45 (b) 1,650,000 1,713,525 
TOTAL KAZAKHSTAN  3,917,190 
Lebanon - 0.9%   
Lebanese Republic:   
4% 12/31/17 4,491,000 4,451,704 
5.45% 11/28/19 2,760,000 2,711,314 
6.375% 3/9/20 2,570,000 2,589,172 
TOTAL LEBANON  9,752,190 
Mexico - 2.4%   
United Mexican States:   
4% 10/2/23 2,618,000 2,742,355 
4.6% 1/23/46 1,820,000 1,774,500 
4.75% 3/8/44 5,603,000 5,588,993 
5.55% 1/21/45 1,440,000 1,594,800 
6.05% 1/11/40 6,461,000 7,575,523 
6.5% 6/10/21 MXN55,850,000 3,394,789 
6.75% 9/27/34 2,500,000 3,218,750 
TOTAL MEXICO  25,889,710 
Netherlands - 0.4%   
Republic of Angola 7% 8/16/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S) 4,593,750 4,467,422 
Nigeria - 0.3%   
Central Bank of Nigeria warrants 11/15/20 (g)(h) 3,750 181,000 
Republic of Nigeria 5.125% 7/12/18 (b) 3,270,000 3,237,300 
TOTAL NIGERIA  3,418,300 
Pakistan - 0.7%   
Islamic Republic of Pakistan:   
7.25% 4/15/19 (b) 6,165,000 6,482,960 
8.25% 4/15/24 (b) 1,150,000 1,221,424 
TOTAL PAKISTAN  7,704,384 
Panama - 0.4%   
Panamanian Republic:   
6.7% 1/26/36 1,120,000 1,428,000 
8.875% 9/30/27 640,000 916,800 
9.375% 4/1/29 1,045,000 1,557,050 
TOTAL PANAMA  3,901,850 
Peru - 0.6%   
Peruvian Republic:   
4% 3/7/27 (f) 3,350,000 3,350,000 
8.75% 11/21/33 1,705,000 2,519,138 
TOTAL PERU  5,869,138 
Philippines - 0.8%   
Philippine Republic:   
7.75% 1/14/31 2,820,000 4,287,773 
9.5% 2/2/30 2,520,000 4,256,930 
TOTAL PHILIPPINES  8,544,703 
Romania - 0.4%   
Romanian Republic:   
4.375% 8/22/23 (b) 2,094,000 2,226,362 
6.125% 1/22/44 (b) 1,640,000 2,001,007 
TOTAL ROMANIA  4,227,369 
Russia - 4.8%   
Russian Federation:   
4.5% 4/4/22 (b) 1,400,000 1,434,219 
4.875% 9/16/23 (b) 5,875,000 6,135,674 
5% 4/29/20 (b) 3,225,000 3,385,928 
5.625% 4/4/42 (b) 4,000,000 4,043,552 
5.875% 9/16/43 (b) 6,000,000 6,191,100 
7.5% 3/31/30 (Reg. S) 4,047,190 4,939,895 
12.75% 6/24/28 (Reg. S) 15,355,000 25,470,874 
TOTAL RUSSIA  51,601,242 
Serbia - 0.9%   
Republic of Serbia:   
4.875% 2/25/20 (b) 1,055,000 1,071,160 
6.75% 11/1/24 (b) 5,224,583 5,395,688 
7.25% 9/28/21 (b) 2,875,000 3,212,813 
TOTAL SERBIA  9,679,661 
Sri Lanka - 0.8%   
Democratic Socialist Republic of Sri Lanka:   
5.125% 4/11/19 (b) 1,050,000 1,029,129 
5.875% 7/25/22 (b) 1,145,000 1,078,634 
6% 1/14/19 (b) 795,000 793,195 
6.25% 10/4/20 (b) 3,600,000 3,564,900 
6.25% 7/27/21 (b) 1,620,000 1,580,119 
TOTAL SRI LANKA  8,045,977 
Tanzania - 0.1%   
United Republic of Tanzania 6.8921% 3/9/20 (d) 1,057,778 1,063,067 
Turkey - 5.9%   
Turkish Republic:   
3.25% 3/23/23 1,250,000 1,178,123 
5.125% 3/25/22 2,815,000 2,959,100 
5.625% 3/30/21 3,535,000 3,813,926 
6.25% 9/26/22 3,125,000 3,475,000 
6.75% 5/30/40 3,965,000 4,649,359 
6.875% 3/17/36 7,995,000 9,437,122 
7% 3/11/19 1,345,000 1,488,243 
7% 6/5/20 2,270,000 2,569,277 
7.25% 3/5/38 5,545,000 6,835,876 
7.375% 2/5/25 7,450,000 8,928,825 
7.5% 11/7/19 6,105,000 6,961,324 
8% 2/14/34 2,475,000 3,236,112 
9.4% 7/8/20 TRY7,570,000 2,667,688 
11.875% 1/15/30 2,895,000 4,926,184 
TOTAL TURKEY  63,126,159 
Ukraine - 1.4%   
Ukraine Government:   
0% 5/31/40 (b)(d) 3,326,000 1,087,203 
7.75% 9/1/19 (b) 1,532,000 1,441,535 
7.75% 9/1/20 (b) 1,780,000 1,669,551 
7.75% 9/1/21 (b) 1,637,000 1,515,436 
7.75% 9/1/22 (b) 1,637,000 1,497,855 
7.75% 9/1/23 (b) 1,637,000 1,480,830 
7.75% 9/1/24 (b) 1,637,000 1,463,396 
7.75% 9/1/25 (b) 1,637,000 1,451,119 
7.75% 9/1/26 (b) 1,637,000 1,444,456 
7.75% 9/1/27 (b) 2,187,000 1,930,137 
TOTAL UKRAINE  14,981,518 
United States of America - 4.2%   
U.S. Treasury Notes 1.375% 4/30/20 44,068,000 44,536,210 
Uruguay - 0.4%   
Uruguay Republic 7.875% 1/15/33 pay-in-kind 3,430,000 4,390,400 
Venezuela - 1.0%   
Venezuelan Republic:   
oil recovery rights 4/15/20 (h) 57,010 228,040 
9.25% 9/15/27 12,760,000 5,104,000 
11.95% 8/5/31 (Reg. S) 7,230,000 2,855,850 
12.75% 8/23/22 4,740,000 2,038,200 
13.625% 8/15/18 968,000 587,576 
TOTAL VENEZUELA  10,813,666 
Vietnam - 1.4%   
Vietnamese Socialist Republic:   
4% 3/12/28 (f) 10,728,083 10,500,111 
4.8% 11/19/24 (b) 1,580,000 1,583,855 
6.75% 1/29/20 (b) 2,890,000 3,202,499 
TOTAL VIETNAM  15,286,465 
TOTAL GOVERNMENT OBLIGATIONS   
(Cost $595,476,712)  599,600,903 
Sovereign Loan Participations - 0.5%   
Indonesia - 0.5%   
Indonesian Republic loan participation:
 
  
Goldman Sachs 1.56% 12/14/19 (d) 2,870,556 2,813,144 
Mizuho 1.5625% 12/14/19 (d) 2,318,441 2,272,072 
TOTAL INDONESIA   
(Cost $5,052,602)  5,085,216 
Preferred Securities - 1.5%   
Brazil - 0.4%   
Cosan Overseas Ltd. 8.25% (e) 4,820,000 4,110,691 
British Virgin Islands - 0.1%   
Magnesita Finance Ltd.:   
8.625% (b)(e) 1,895,000 1,128,690 
8.625% (Reg. S) (e) 300,000 178,684 
TOTAL BRITISH VIRGIN ISLANDS  1,307,374 
Cayman Islands - 1.0%   
Banco Do Brasil SA 9% (b)(d)(e) 3,065,000 2,206,247 
CSN Islands XII Corp. 7% (Reg. S) (e) 5,415,000 2,121,120 
Odebrecht Finance Ltd.:   
7.5% (b)(e) 13,735,000 5,846,687 
7.5% (Reg. S) (e) 300,000 127,701 
TOTAL CAYMAN ISLANDS  10,301,755 
TOTAL PREFERRED SECURITIES   
(Cost $26,356,124)  15,719,820 
 Shares Value 
Money Market Funds - 6.7%   
Fidelity Cash Central Fund, 0.39% (i)   
(Cost $72,021,255) 72,021,255 72,021,255 
TOTAL INVESTMENT PORTFOLIO - 98.4%   
(Cost $1,105,061,066)  1,050,150,995 
NET OTHER ASSETS (LIABILITIES) - 1.6%  16,633,914 
NET ASSETS - 100%  $1,066,784,909 

Currency Abbreviations

BRL – Brazilian real

COP – Colombian peso

INR – Indian rupee

MXN – Mexican peso

RUB – Russian ruble

TRY – Turkish Lira

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

Legend

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

 (b) 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 $418,391,152 or 39.2% of net assets.

 (c) Non-income producing - Security is in default.

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

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

 (f) 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.

 (g) Non-income producing

 (h) Quantity represents share amount.

 (i) 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.


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 $65,089 
Total $65,089 

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2016, 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. Additional information on valuation inputs, and their aggregation into the levels used below, is provided later in this section.

 Valuation Inputs at Reporting Date: 
Description Total Level 1 Level 2 Level 3 
Investments in Securities:     
Corporate Bonds $357,723,801 $-- $357,723,801 $-- 
Government Obligations 599,600,903 -- 596,022,863 3,578,040 
Sovereign Loan Participations 5,085,216 -- -- 5,085,216 
Preferred Securities 15,719,820 -- 15,719,820 -- 
Money Market Funds 72,021,255 72,021,255 -- -- 
Total Investments in Securities: $1,050,150,995 $72,021,255 $969,466,484 $8,663,256 

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 Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee). In accordance with valuation policies and procedures approved by 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 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 reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. 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, 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.

Other Information

Income Tax Information

At March 31, 2016, the cost of investment securities for income tax purposes was $1,091,201,413. Net unrealized depreciation aggregated $41,050,418, of which $45,080,840 related to appreciated investment securities and $86,131,258 related to depreciated investment securities.

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.

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.





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.


Item 2.

Controls and Procedures


(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trusts (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 Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts 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/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

May 27, 2016


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/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

May 27, 2016



By:

/s/Howard J. Galligan III


Howard J. Galligan III


Chief Financial Officer



Date:

May 27, 2016