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, 2017


Item 1.

Schedule of Investments





Quarterly Holdings Report
for

Fidelity® Series Emerging Markets Debt Fund

March 31, 2017







SED-QTLY-0517
1.924255.106





Investments March 31, 2017 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 39.7%   
 Principal Amount(a) Value 
Argentina - 5.0%   
Aeropuertos Argentina 2000 SA 6.875% 2/1/27 (b) $4,505,000 $4,651,413 
Banco Hipotecario SA 9.75% 11/30/20 (b) 11,579,000 13,119,007 
Banco Macro SA 6.75% 11/4/26 (b)(c) 1,765,000 1,766,200 
Cablevision SA 6.5% 6/15/21 (b) 3,025,000 3,186,838 
Inversiones y Representaciones SA 11.5% 7/20/20 (Reg. S) 10,000 11,550 
IRSA Propiedades Comerciales SA 8.75% 3/23/23 (b) 1,665,000 1,832,466 
Pan American Energy LLC 7.875% 5/7/21 (b) 6,096,000 6,579,169 
Transportadora de Gas del Sur SA 9.625% 5/14/20 (b) 7,927,345 8,527,841 
YPF SA:   
8.5% 3/23/21 (b) 11,370,000 12,457,995 
8.75% 4/4/24 (b) 12,175,000 13,495,988 
TOTAL ARGENTINA  65,628,467 
Azerbaijan - 0.7%   
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) 8,315,000 9,117,398 
Bailiwick of Jersey - 0.3%   
Polyus Gold International Ltd. 5.25% 2/7/23 (b) 3,345,000 3,417,587 
Bangladesh - 0.6%   
Banglalink Digital Communications Ltd.:   
8.625% 5/6/19 (b) 7,655,000 8,008,661 
8.625% 5/6/19 (Reg. S) 200,000 209,240 
TOTAL BANGLADESH  8,217,901 
Bermuda - 0.3%   
Kosmos Energy Ltd.:   
7.875% 8/1/21 (b) 2,460,000 2,478,450 
7.875% 8/1/21 (b) 2,075,000 2,090,563 
TOTAL BERMUDA  4,569,013 
Brazil - 0.1%   
Globo Comunicacao e Participacoes SA 5.307% 5/11/22 (Reg. S) (d) 915,000 916,144 
British Virgin Islands - 0.7%   
Gold Fields Orogen Holding BVI Ltd.:   
4.875% 10/7/20 (b) 8,280,000 8,321,400 
4.875% 10/7/20 (Reg. S) 300,000 301,500 
TOTAL BRITISH VIRGIN ISLANDS  8,622,900 
Canada - 1.1%   
Evraz, Inc. NA Canada 7.5% 11/15/19 (b) 8,180,000 8,425,400 
First Quantum Minerals Ltd. 7.25% 4/1/23 (b) 1,330,000 1,344,963 
Pacific Exploration and Production Corp.:   
10% 11/2/21 pay-in-kind (c) 2,233,000 2,509,334 
10% 11/2/21 pay-in-kind (b)(c) 1,575,000 1,769,906 
Sino-Forest Corp. 6.25% 10/21/17 (b)(e) 3,220,000 0 
TOTAL CANADA  14,049,603 
Cayman Islands - 0.4%   
Cementos Progreso Trust 7.125% 11/6/23 (b) 750,000 789,165 
Odebrecht Finance Ltd. 7.125% 6/26/42 (b) 4,705,000 1,693,800 
Pontis IV Ltd. 5.125% 3/31/27 (b) 2,595,000 2,596,298 
TOTAL CAYMAN ISLANDS  5,079,263 
Cyprus - 0.2%   
Global Ports Finance PLC 6.872% 1/25/22 (b) 2,695,000 2,861,971 
Dominican Republic - 0.3%   
Banco de Reservas de La Republica Dominicana 7% 2/1/23 (b) 3,255,000 3,305,973 
Georgia - 0.7%   
Georgian Oil & Gas Corp. 6.75% 4/26/21 (b) 2,885,000 3,033,433 
JSC BGEO Group 6% 7/26/23 (b) 4,190,000 4,220,671 
JSC Georgian Railway 7.75% 7/11/22 (b) 1,790,000 1,967,926 
TOTAL GEORGIA  9,222,030 
Indonesia - 1.5%   
PT Bukit Makmur Mandiri Utama 7.75% 2/13/22 (b) 2,125,000 2,199,152 
PT Pertamina Persero:   
4.875% 5/3/22 (b) 2,670,000 2,827,041 
5.25% 5/23/21 (b) 1,575,000 1,689,027 
5.625% 5/20/43 (b) 2,534,000 2,602,469 
5.625% 5/20/43 (Reg. S) 900,000 924,318 
6% 5/3/42 (b) 3,845,000 4,071,659 
6.45% 5/30/44 (b) 1,000,000 1,128,313 
6.5% 5/27/41 (b) 4,195,000 4,693,945 
TOTAL INDONESIA  20,135,924 
Ireland - 0.5%   
CBOM Finance PLC 7.5% 10/5/27 (b)(c) 2,075,000 2,111,416 
EDC Finance Ltd. 4.875% 4/17/20 (b) 4,340,000 4,457,614 
TOTAL IRELAND  6,569,030 
Kazakhstan - 0.2%   
JSC Halyk Bank of Kazakhstan 7.25% 1/28/21 (b) 1,485,000 1,613,081 
KazMunaiGaz Finance Sub BV 7% 5/5/20 (b) 1,088,000 1,196,950 
TOTAL KAZAKHSTAN  2,810,031 
Korea (South) - 0.1%   
Export-Import Bank of Korea 6.4% 8/7/17 (Reg. S) INR122,300,000 1,878,851 
Luxembourg - 2.9%   
EVRAZ Group SA:   
5.375% 3/20/23 (b) 4,725,000 4,742,719 
8.25% 1/28/21 (Reg. S) 5,055,000 5,655,534 
MHP SA 8.25% 4/2/20 (b) 3,445,000 3,468,433 
Millicom International Cellular SA 6.625% 10/15/21 (b) 6,850,000 7,175,033 
Minerva Luxembourg SA 7.75% 1/31/23 (Reg. S) 2,225,000 2,316,781 
Petrobras International Finance Co. Ltd.:   
5.75% 1/20/20 1,875,000 1,968,750 
6.875% 1/20/40 3,470,000 3,303,440 
Rumo Luxembourg Sarl 7.375% 2/9/24 (b) 5,020,000 5,170,600 
SB Capital SA 5.5% 2/26/24 (b)(c) 2,255,000 2,319,403 
TMK Capital SA 6.75% 4/3/20 (Reg. S) 1,050,000 1,115,384 
TOTAL LUXEMBOURG  37,236,077 
Mexico - 8.4%   
America Movil S.A.B. de CV 6.45% 12/5/22 MXN64,900,000 3,230,744 
Credito Real S.A.B. de CV:   
7.25% 7/20/23 (b) 585,000 592,313 
7.5% 3/13/19 (b) 2,410,000 2,488,325 
Metalsa SA de CV 4.9% 4/24/23 (b) 6,320,000 6,138,300 
Petroleos Mexicanos:   
4.625% 9/21/23 5,840,000 5,873,580 
4.875% 1/24/22 8,220,000 8,455,914 
4.875% 1/18/24 3,100,000 3,127,900 
5.5% 1/21/21 3,335,000 3,530,098 
5.5% 6/27/44 2,773,000 2,447,311 
6.375% 2/4/21 2,005,000 2,174,884 
6.375% 1/23/45 10,025,000 9,776,581 
6.5% 6/2/41 21,360,000 21,274,560 
6.625% (b)(f) 10,210,000 10,135,467 
6.75% 9/21/47 11,642,000 11,809,645 
6.875% 8/4/26 4,735,000 5,255,850 
Tenedora Nemak SA de CV 5.5% 2/28/23 (b) 3,025,000 3,142,219 
TV Azteca SA de CV:   
7.5% 5/25/18 (Reg. S) 6,460,000 6,427,700 
7.625% 9/18/20 (Reg S.) 3,415,000 3,346,700 
TOTAL MEXICO  109,228,091 
Mongolia - 0.2%   
Trade and Development Bank of Mongolia LLC 9.375% 5/19/20 (b) 3,050,000 3,254,801 
Netherlands - 7.6%   
Cimpor Financial Operations BV 5.75% 7/17/24 (b) 1,737,000 1,532,903 
GTB Finance BV 6% 11/8/18 (b) 5,455,000 5,580,705 
GTH Finance BV:   
6.25% 4/26/20 (b) 3,040,000 3,232,310 
7.25% 4/26/23 (b) 9,580,000 10,540,874 
HSBK BV:   
7.25% 5/3/17 (b) 2,455,000 2,458,982 
7.25% 5/3/17 (Reg. S) 550,000 550,892 
Metinvest BV 9.3725% 12/31/21 pay-in-kind (c) 14,726,704 13,695,835 
Nostrum Oil & Gas Finance BV 6.375% 2/14/19 (b) 5,420,000 5,252,847 
Petrobras Global Finance BV:   
6.125% 1/17/22 6,090,000 6,391,455 
8.375% 5/23/21 22,370,000 25,266,915 
8.75% 5/23/26 11,015,000 12,749,863 
VTR Finance BV 6.875% 1/15/24 (b) 3,800,000 3,952,000 
Zhaikmunai International BV:   
7.125% 11/13/19 (b) 7,125,000 6,948,229 
7.125% 11/13/19 (Reg. S) 450,000 438,836 
TOTAL NETHERLANDS  98,592,646 
Nigeria - 0.8%   
Zenith Bank PLC 6.25% 4/22/19 (b) 10,885,000 10,959,671 
Peru - 0.3%   
Compania Minera Ares SAC 7.75% 1/23/21 (b) 3,315,000 3,555,338 
Tunisia - 0.2%   
Banque Centrale de Tunisie 5.75% 1/30/25 (b) 3,005,000 2,893,064 
Turkey - 1.2%   
Akbank TAS/Ak Finansal Kiralama A/S 7.2% 3/16/27 (b)(c) 1,605,000 1,656,803 
Export Credit Bank of Turkey 5.875% 4/24/19 (b) 4,300,000 4,450,999 
Turkiye Halk Bankasi A/S 4.875% 7/19/17 (b) 2,150,000 2,150,000 
Turkiye Is Bankasi A/S 5.5% 4/21/22 (b) 3,285,000 3,230,075 
Turkiye Vakiflar Bankasi TAO 6.875% 2/3/25 (Reg. S) (c) 3,675,000 3,656,912 
TOTAL TURKEY  15,144,789 
United Kingdom - 1.3%   
Afren PLC:   
6.625% 12/9/20 (b)(e) 2,088,289 418 
10.25% 4/8/19 (Reg. S) (e) 4,990,425 998 
Biz Finance PLC 9.625% 4/27/22 (Reg. S) 3,245,000 3,254,735 
Ferrexpo Finance PLC:   
10.375% 4/7/19 (b) 4,690,000 4,842,425 
10.375% 4/7/19 (b) 1,180,000 1,218,350 
Vedanta Resources PLC:   
6% 1/31/19 (b) 3,775,000 3,883,531 
6.375% 7/30/22 (b) 2,360,000 2,371,800 
8.25% 6/7/21 (b) 1,425,000 1,531,163 
TOTAL UNITED KINGDOM  17,103,420 
United States of America - 2.2%   
CEMEX Finance LLC:   
6% 4/1/24 (b) 1,550,000 1,629,825 
9.375% 10/12/22 (b) 1,585,000 1,712,593 
Citgo Holding, Inc. 10.75% 2/15/20 (b) 3,138,000 3,373,350 
Pemex Project Funding Master Trust:   
6.625% 6/15/35 18,755,000 19,319,526 
6.625% 6/15/38 285,000 289,988 
8.625% 12/1/23 (c) 320,000 372,800 
Southern Copper Corp. 7.5% 7/27/35 1,425,000 1,735,070 
TOTAL UNITED STATES OF AMERICA  28,433,152 
Venezuela - 1.9%   
Petroleos de Venezuela SA:   
5.375% 4/12/27 6,115,000 2,103,560 
5.5% 4/12/37 2,000,000 680,000 
6% 5/16/24 (b) 8,030,000 2,900,838 
6% 11/15/26 (b) 9,185,000 3,215,669 
8.5% 11/2/17 (b) 2,995,000 2,493,337 
8.5% 11/2/17 (Reg. S) 1,200,000 999,000 
8.5% 10/27/20 (b) 1,850,000 1,382,875 
9.75% 5/17/35 (b) 20,875,000 9,028,438 
12.75% 2/17/22 (b) 3,065,000 1,747,050 
TOTAL VENEZUELA  24,550,767 
TOTAL NONCONVERTIBLE BONDS   
(Cost $511,484,283)  517,353,902 
Government Obligations - 54.3%   
Argentina - 8.7%   
Argentine Republic:   
5.625% 1/26/22 (b) 4,275,000 4,377,600 
6.25% 4/22/19 (b) 16,200,000 17,091,000 
6.875% 4/22/21 (b) 33,910,000 36,419,340 
7.5% 4/22/26 (b) 5,415,000 5,756,145 
Buenos Aires Province:   
6.5% 2/15/23 (b) 3,640,000 3,648,008 
9.95% 6/9/21 (b) 6,375,000 7,252,838 
10.875% 1/26/21 (b) 100,000 114,500 
10.875% 1/26/21 (Reg. S) 14,700,000 16,831,500 
City of Buenos Aires 8.95% 2/19/21 (b) 3,175,000 3,540,125 
Province of Santa Fe 7% 3/23/23 (b) 4,575,000 4,606,934 
Provincia de Cordoba:   
7.125% 6/10/21 (b) 8,065,000 8,358,485 
7.45% 9/1/24 (b) 2,835,000 2,871,855 
12.375% 8/17/17 (b) 2,884,000 2,961,926 
TOTAL ARGENTINA  113,830,256 
Armenia - 0.7%   
Republic of Armenia:   
6% 9/30/20 (b) 5,321,000 5,579,069 
7.15% 3/26/25 (b) 3,125,000 3,345,700 
TOTAL ARMENIA  8,924,769 
Barbados - 0.1%   
Barbados Government:   
7% 8/4/22 (b) 2,135,000 1,590,575 
7.25% 12/15/21 (b) 185,000 142,450 
TOTAL BARBADOS  1,733,025 
Belarus - 1.5%   
Belarus Republic 8.95% 1/26/18 18,515,000 19,088,965 
Brazil - 4.5%   
Brazilian Federative Republic:   
4.25% 1/7/25 3,335,000 3,284,975 
5.625% 1/7/41 11,880,000 11,553,300 
6% 4/7/26 4,520,000 4,913,240 
7.125% 1/20/37 13,870,000 15,742,450 
8.25% 1/20/34 16,895,000 21,057,083 
10% 1/1/21 BRL6,000,000 1,929,217 
TOTAL BRAZIL  58,480,265 
Cameroon - 0.1%   
Cameroon Republic 9.5% 11/19/25 (b) 700,000 792,946 
Colombia - 1.4%   
Colombian Republic:   
4.375% 3/21/23 COP16,410,000,000 5,201,007 
6.125% 1/18/41 1,520,000 1,732,800 
7.375% 9/18/37 3,025,000 3,859,900 
10.375% 1/28/33 4,839,000 7,234,305 
TOTAL COLOMBIA  18,028,012 
Congo - 0.1%   
Congo Republic 4% 6/30/29 (d) 1,535,210 1,114,086 
Costa Rica - 0.6%   
Costa Rican Republic:   
5.625% 4/30/43 (b) 1,430,000 1,251,250 
7% 4/4/44 (b) 3,640,000 3,667,300 
7.158% 3/12/45 (b) 2,500,000 2,543,750 
TOTAL COSTA RICA  7,462,300 
Croatia - 0.8%   
Croatia Republic:   
5.5% 4/4/23 (b) 2,615,000 2,817,296 
6% 1/26/24 (b) 1,150,000 1,273,595 
6.375% 3/24/21 (b) 2,810,000 3,111,232 
6.625% 7/14/20 (b) 3,210,000 3,522,975 
TOTAL CROATIA  10,725,098 
Dominican Republic - 2.4%   
Dominican Republic:   
2.125% 8/30/24 (c) 9,915,000 10,336,388 
5.95% 1/25/27 (b) 3,520,000 3,594,800 
6.85% 1/27/45 (b) 3,095,000 3,195,588 
6.875% 1/29/26 (b) 3,725,000 4,078,875 
7.45% 4/30/44 (b) 4,910,000 5,401,000 
7.5% 5/6/21 (b) 3,785,000 4,182,425 
TOTAL DOMINICAN REPUBLIC  30,789,076 
Ecuador - 0.6%   
Ecuador Republic:   
9.65% 12/13/26 (b) 4,395,000 4,548,825 
10.75% 3/28/22 (b) 3,285,000 3,473,888 
TOTAL ECUADOR  8,022,713 
Egypt - 1.3%   
Arab Republic 5.875% 6/11/25 (b) 1,750,000 1,710,625 
Arab Republic of Egypt:   
5.875% 6/11/25 3,950,000 3,861,125 
6.125% 1/31/22 (b) 5,680,000 5,907,200 
8.5% 1/31/47 (b) 5,515,000 5,928,625 
TOTAL EGYPT  17,407,575 
El Salvador - 0.4%   
El Salvador Republic:   
7.625% 2/1/41 (b) 1,100,000 1,013,375 
7.65% 6/15/35 (Reg. S) 2,220,000 2,063,779 
8.625% 2/28/29 (b) 1,480,000 1,528,100 
TOTAL EL SALVADOR  4,605,254 
Indonesia - 3.7%   
Indonesian Republic:   
4.75% 1/8/26 (b) 2,025,000 2,156,307 
5.25% 1/17/42 (b) 1,700,000 1,818,232 
5.95% 1/8/46 (b) 1,340,000 1,573,145 
6.625% 2/17/37 (b) 4,025,000 4,949,925 
6.75% 1/15/44 (b) 2,585,000 3,322,924 
7.75% 1/17/38 (b) 8,495,000 11,753,138 
8.375% 3/15/24 IDR110,862,000,000 8,851,273 
8.5% 10/12/35 (Reg. S) 8,370,000 12,082,229 
Perusahaan Penerbit SBSN 4.55% 3/29/26 (b) 2,055,000 2,129,494 
TOTAL INDONESIA  48,636,667 
Iraq - 0.9%   
Republic of Iraq 5.8% 1/15/28 (Reg. S) 13,185,000 11,625,742 
Ivory Coast - 0.3%   
Ivory Coast 5.75% 12/31/32 4,836,300 4,486,055 
Jordan - 0.1%   
Jordanian Kingdom 5.75% 1/31/27 (b) 1,150,000 1,127,000 
Kenya - 0.3%   
Republic of Kenya 6.875% 6/24/24 (b) 3,950,000 3,930,724 
Lebanon - 2.3%   
Lebanese Republic:   
4% 12/31/17 9,260,500 9,214,198 
5% 10/12/17 3,115,000 3,134,936 
5.15% 6/12/18 7,795,000 7,893,997 
5.45% 11/28/19 3,010,000 3,070,802 
6% 5/20/19 3,315,000 3,383,395 
6.375% 3/9/20 2,570,000 2,669,767 
TOTAL LEBANON  29,367,095 
Mexico - 1.6%   
United Mexican States:   
4.75% 3/8/44 4,743,000 4,612,568 
6.05% 1/11/40 4,525,000 5,169,813 
6.5% 6/10/21 MXN162,650,000 8,578,496 
6.75% 9/27/34 2,345,000 2,929,655 
TOTAL MEXICO  21,290,532 
Mongolia - 0.1%   
Mongolian People's Republic 8.75% 3/9/24 (b) 685,000 746,503 
Netherlands - 0.5%   
Republic of Angola 7% 8/17/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S) 5,859,375 6,035,625 
Nigeria - 0.1%   
Central Bank of Nigeria warrants 11/15/20 (g)(h) 3,750 297,075 
Republic of Nigeria:   
5.125% 7/12/18 (b) 1,140,000 1,158,263 
6.75% 1/28/21 (b) 500,000 521,900 
TOTAL NIGERIA  1,977,238 
Oman - 0.3%   
Sultanate of Oman 6.5% 3/8/47 (b) 3,185,000 3,360,175 
Pakistan - 0.7%   
Islamic Republic of Pakistan:   
7.25% 4/15/19 (b) 6,680,000 7,077,179 
8.25% 4/15/24 (b) 2,000,000 2,210,672 
TOTAL PAKISTAN  9,287,851 
Panama - 0.2%   
Panamanian Republic:   
6.7% 1/26/36 855,000 1,077,300 
9.375% 4/1/29 1,145,000 1,677,425 
TOTAL PANAMA  2,754,725 
Peru - 1.2%   
Peruvian Republic:   
4% 3/7/27 (d) 3,350,000 3,350,000 
6.35% 8/12/28 (b) PEN15,495,000 4,848,597 
8.2% 8/12/26 (Reg. S) PEN22,250,000 8,073,459 
TOTAL PERU  16,272,056 
Russia - 3.0%   
Russian Federation:   
4.875% 9/16/23 (b) 2,675,000 2,866,958 
5.625% 4/4/42 (b) 4,400,000 4,834,720 
5.875% 9/16/43 (b) 5,800,000 6,597,291 
7.5% 3/15/18 RUB151,085,000 2,654,312 
12.75% 6/24/28 (Reg. S) 12,585,000 22,165,331 
TOTAL RUSSIA  39,118,612 
Rwanda - 0.2%   
Republic of Rwanda 6.625% 5/2/23 (b) 2,035,000 2,050,425 
Serbia - 0.7%   
Republic of Serbia:   
4.875% 2/25/20 (b) 2,255,000 2,337,398 
6.75% 11/1/24 (b) 3,698,700 3,730,516 
7.25% 9/28/21 (b) 2,905,000 3,311,700 
TOTAL SERBIA  9,379,614 
Sri Lanka - 0.5%   
Democratic Socialist Republic of Sri Lanka:   
5.875% 7/25/22 (b) 1,145,000 1,174,814 
6.25% 10/4/20 (b) 3,700,000 3,893,558 
6.25% 7/27/21 (b) 1,620,000 1,704,763 
TOTAL SRI LANKA  6,773,135 
Tanzania - 0.1%   
United Republic of Tanzania 7.421% 3/9/20 (c) 793,333 837,347 
Turkey - 6.3%   
Turkish Republic:   
3.25% 3/23/23 1,250,000 1,146,250 
5.125% 3/25/22 5,240,000 5,331,564 
5.625% 3/30/21 4,625,000 4,829,425 
6% 3/25/27 3,550,000 3,687,563 
6.25% 9/26/22 8,750,000 9,343,250 
6.75% 5/30/40 4,165,000 4,451,552 
6.875% 3/17/36 8,420,000 9,123,744 
7% 6/5/20 6,195,000 6,759,550 
7.25% 3/5/38 6,820,000 7,695,824 
7.375% 2/5/25 9,425,000 10,685,594 
7.5% 11/7/19 3,835,000 4,199,325 
8% 2/14/34 2,775,000 3,330,555 
9.4% 7/8/20 TRY24,490,000 6,445,180 
11.875% 1/15/30 3,370,000 5,222,287 
TOTAL TURKEY  82,251,663 
Ukraine - 1.5%   
Ukraine Government:   
0% 5/31/40 (b)(c) 3,601,000 1,330,570 
7.75% 9/1/21 (b) 3,062,000 3,016,315 
7.75% 9/1/22 (b) 10,227,000 9,820,477 
7.75% 9/1/23 (b) 1,837,000 1,735,965 
7.75% 9/1/24 (b) 1,837,000 1,717,595 
7.75% 9/1/25 (b) 1,837,000 1,699,196 
TOTAL UKRAINE  19,320,118 
United States of America - 3.4%   
U.S. Treasury Notes 2% 11/15/26 45,250,000 43,701,574 
Uruguay - 0.3%   
Uruguay Republic 7.875% 1/15/33 pay-in-kind 3,330,000 4,360,635 
Venezuela - 1.8%   
Venezuelan Republic:   
oil recovery rights 4/15/20 (h) 57,010 299,303 
9.25% 9/15/27 18,805,000 8,716,118 
11.95% 8/5/31 (Reg. S) 19,815,000 10,700,100 
12.75% 8/23/22 5,115,000 2,953,913 
13.625% 8/15/18 968,000 808,280 
TOTAL VENEZUELA  23,477,714 
Vietnam - 1.0%   
Vietnamese Socialist Republic:   
2.25% 3/13/28 (c) 425,000 371,297 
4% 3/12/28 (d) 11,470,750 11,403,187 
4.8% 11/19/24 (b) 1,580,000 1,610,330 
TOTAL VIETNAM  13,384,814 
TOTAL GOVERNMENT OBLIGATIONS   
(Cost $689,868,696)  706,557,979 
 Shares Value 
Common Stocks - 0.4%   
Canada - 0.4%   
Pacific Exploration and Production Corp.   
(Cost $10,927,086) 148,373 4,741,777 
 Principal Amount Value 
Sovereign Loan Participations - 0.3%   
Indonesia - 0.3%   
Indonesian Republic loan participation:   
Goldman Sachs 2.125% 12/14/19 (c) 2,152,917 2,109,858 
Mizuho 2.125% 12/14/19 (c) 1,738,831 1,704,054 
TOTAL INDONESIA  3,813,912 
TOTAL SOVEREIGN LOAN PARTICIPATIONS   
(Cost $3,816,152)  3,813,912 
Preferred Securities - 2.0%   
Cayman Islands - 1.4%   
Banco Do Brasil SA 9% (b)(c)(f) 2,090,000 2,216,893 
BBVA Bancomer SA (Cayman Islands) 6.008% 5/17/22 (b)(c) 1,150,000 1,172,891 
Cosan Overseas Ltd. 8.25% (f) 5,685,000 5,771,672 
CSN Islands XII Corp. 7% (Reg. S) (f) 4,740,000 3,255,015 
Odebrecht Finance Ltd.:   
7.5% (b)(f) 16,890,000 6,290,148 
7.5% (Reg. S) (f) 300,000 111,726 
TOTAL CAYMAN ISLANDS  18,818,345 
Ireland - 0.4%   
Alfa Bond Issuance PLC 8% (Reg. S) (c)(f) 4,360,000 4,691,486 
Luxembourg - 0.2%   
Magnesita Finance Ltd.:   
8.625% (b)(f) 2,055,000 2,080,901 
8.625% (Reg. S) (f) 300,000 303,781 
TOTAL LUXEMBOURG  2,384,682 
TOTAL PREFERRED SECURITIES   
(Cost $32,660,816)  25,894,513 
 Shares Value 
Money Market Funds - 2.8%   
Fidelity Cash Central Fund, 0.84% (i)   
(Cost $36,639,822) 36,636,005 36,643,332 
TOTAL INVESTMENT PORTFOLIO - 99.5%   
(Cost $1,285,396,855)  1,295,005,415 
NET OTHER ASSETS (LIABILITIES) - 0.5%  7,150,402 
NET ASSETS - 100%  $1,302,155,817 

Currency Abbreviations

BRL – Brazilian real

COP – Colombian peso

IDR – Indonesian rupiah

INR – Indian rupee

MXN – Mexican peso

PEN – Peruvian new sol

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 $607,083,046 or 46.6% of net assets.

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

 (d) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

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

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

 (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 $63,493 
Total $63,493 

Investment Valuation

The following is a summary of the inputs used, as of March 31, 2017, 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:     
Equities:     
Energy $4,741,777 $4,741,777 $-- $-- 
Corporate Bonds 517,353,902 -- 517,352,486 1,416 
Government Obligations 706,557,979 -- 691,134,192 15,423,787 
Sovereign Loan Participations 3,813,912 -- -- 3,813,912 
Preferred Securities 25,894,513 -- 25,894,513 -- 
Money Market Funds 36,643,332 36,643,332 -- -- 
Total Investments in Securities: $1,295,005,415 $41,385,109 $1,234,381,191 $19,239,115 

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:

Investments in Securities:  
Government Obligations  
Beginning Balance $3,478,273 
Net Realized Gain (Loss) on Investment Securities 16,035 
Net Unrealized Gain (Loss) on Investment Securities 87,944 
Cost of Purchases -- 
Proceeds of Sales (224,917) 
Amortization/Accretion 20,627 
Transfers into Level 3 12,045,825 
Transfers out of Level 3 -- 
Ending Balance $15,423,787 
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2017 $87,944 
Other Investments in Securities  
Beginning Balance $3,854,555 
Net Realized Gain (Loss) on Investment Securities (974,511) 
Net Unrealized Gain (Loss) on Investment Securities 931,686 
Cost of Purchases -- 
Proceeds of Sales (3,093) 
Amortization/Accretion 6,691 
Transfers into Level 3 -- 
Transfers out of Level 3 -- 
Ending Balance $3,815,328 
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2017 $931,686 

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities and Other Financial Instruments identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges.

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 Fair Value Committee (the Committee) established by the Fund's investment adviser. 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. For foreign debt securities, when significant market or security specific market events arise, valuations may be determined in good faith in accordance with procedures adopted by the Board. 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.

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. Utilizing these techniques may result in transfers between Level 1 and Level 2. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

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, 2017, the cost of investment securities for income tax purposes was $1,277,204,833. Net unrealized appreciation aggregated $17,800,582, of which $63,479,804 related to appreciated investment securities and $45,679,222 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 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 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/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

May 26, 2017


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 26, 2017



By:

/s/Howard J. Galligan III


Howard J. Galligan III


Chief Financial Officer



Date:

May 26, 2017