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:

September 30, 2017


Item 1.

Schedule of Investments





Quarterly Holdings Report
for

Fidelity® Series Emerging Markets Debt Fund

September 30, 2017







SED-QTLY-1117
1.924256.106





Investments September 30, 2017 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 39.2%   
 Principal Amount(a) Value 
Argentina - 5.0%   
Aeropuertos Argentina 2000 SA 6.875% 2/1/27 (b) $4,505,000 $4,802,330 
Banco Hipotecario SA 9.75% 11/30/20 (b) 11,254,000 12,811,891 
Banco Macro SA 6.75% 11/4/26 (b)(c) 4,460,000 4,695,889 
Inversiones y Representaciones SA 11.5% 7/20/20 (Reg. S) 10,000 11,805 
IRSA Propiedades Comerciales SA 8.75% 3/23/23 (b) 1,665,000 1,873,125 
Pampa Holding SA 7.5% 1/24/27 (b) 3,870,000 4,206,032 
Pan American Energy LLC 7.875% 5/7/21 (b) 5,426,000 5,855,576 
Petrobras Energia SA 7.375% 7/21/23 (b) 1,300,000 1,413,880 
Transportadora de Gas del Sur SA 9.625% 5/14/20 (b) 7,927,345 8,577,704 
YPF SA:   
8.5% 3/23/21 (b) 10,560,000 11,850,432 
8.75% 4/4/24 (b) 11,010,000 12,661,500 
TOTAL ARGENTINA  68,760,164 
Azerbaijan - 0.8%   
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) 9,065,000 10,198,125 
Bangladesh - 0.7%   
Banglalink Digital Communications Ltd.:   
8.625% 5/6/19 (b) 8,415,000 8,781,894 
8.625% 5/6/19 (Reg. S) 200,000 208,720 
TOTAL BANGLADESH  8,990,614 
Bermuda - 0.5%   
Kosmos Energy Ltd.:   
7.875% 8/1/21 (b) 3,810,000 3,943,350 
7.875% 8/1/21 (b) 2,655,000 2,747,925 
TOTAL BERMUDA  6,691,275 
British Virgin Islands - 0.4%   
1MDB Global Investments Ltd. 4.4% 3/9/23 4,700,000 4,469,902 
Gold Fields Orogen Holding BVI Ltd.:   
4.875% 10/7/20 (b) 920,000 945,300 
4.875% 10/7/20 (Reg. S) 300,000 308,250 
TOTAL BRITISH VIRGIN ISLANDS  5,723,452 
Canada - 0.6%   
First Quantum Minerals Ltd. 7.25% 4/1/23 (b) 3,230,000 3,326,900 
Pacific Exploration and Production Corp.:   
10% 11/2/21 pay-in-kind (c) 2,233,000 2,489,795 
10% 11/2/21 pay-in-kind (b)(c) 2,425,000 2,703,875 
Sino-Forest Corp. 6.25% 10/21/17 (b)(d)(e) 3,220,000 
TOTAL CANADA  8,520,570 
Cayman Islands - 0.4%   
Cementos Progreso Trust 7.125% 11/6/23 (b) 750,000 799,875 
Odebrecht Finance Ltd. 7.125% 6/26/42 (b) 8,075,000 3,028,125 
Pontis IV Ltd. 5.125% 3/31/27 (b) 1,330,000 1,341,638 
Sparc Em Spc 0% 12/5/22 (b) 465,000 423,848 
TOTAL CAYMAN ISLANDS  5,593,486 
Cyprus - 0.2%   
Global Ports Finance PLC 6.872% 1/25/22 (b) 3,095,000 3,273,086 
Dominican Republic - 0.3%   
Banco de Reservas de La Republica Dominicana 7% 2/1/23 (b) 3,835,000 4,026,750 
Georgia - 0.9%   
Georgian Oil & Gas Corp. 6.75% 4/26/21 (b) 4,285,000 4,552,718 
JSC BGEO Group 6% 7/26/23 (b) 4,890,000 5,029,365 
JSC Georgian Railway 7.75% 7/11/22 (b) 1,790,000 1,986,900 
TOTAL GEORGIA  11,568,983 
Indonesia - 1.1%   
PT Bukit Makmur Mandiri Utama 7.75% 2/13/22 (b) 3,225,000 3,445,948 
PT Pertamina Persero:   
5.625% 5/20/43 (b) 1,834,000 1,974,083 
5.625% 5/20/43 (Reg. S) 900,000 968,743 
6% 5/3/42 (b) 2,895,000 3,262,462 
6.45% 5/30/44 (b) 1,000,000 1,185,323 
6.5% 5/27/41 (b) 2,890,000 3,437,826 
TOTAL INDONESIA  14,274,385 
Ireland - 0.7%   
Borets Finance DAC 6.5% 4/7/22 (b) 3,080,000 3,284,420 
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b) 1,895,000 1,970,800 
CBOM Finance PLC 7.5% 10/5/27 (b)(c) 3,500,000 3,009,888 
Sibur Securities Dac 4.125% 10/5/23 (b) 1,805,000 1,805,000 
TOTAL IRELAND  10,070,108 
Kazakhstan - 0.8%   
BTA Bank JSC 5.5% 12/21/22 (b) 1,840,000 1,812,731 
Kazkommertsbank Jsc Mtn Bank Ent 8.5% 5/11/18 (b) 5,700,000 5,851,734 
KazMunaiGaz Finance Sub BV 4.75% 4/19/27 (b) 1,990,000 2,017,983 
Zhaikmunai International BV 7.125% 11/13/19 (b) 875,000 889,585 
TOTAL KAZAKHSTAN  10,572,033 
Korea (South) - 0.1%   
Export-Import Bank of Korea 6.2% 8/7/21 (b) INR122,300,000 1,862,503 
Luxembourg - 2.9%   
EVRAZ Group SA:   
5.375% 3/20/23 (b) 5,425,000 5,578,256 
8.25% 1/28/21 (Reg. S) 5,055,000 5,686,875 
Millicom International Cellular SA 6.625% 10/15/21 (b) 6,850,000 7,072,625 
Minerva Luxembourg SA 7.75% 1/31/23 (Reg. S) 2,425,000 2,531,094 
Rumo Luxembourg Sarl 7.375% 2/9/24 (b) 6,480,000 7,014,600 
SB Capital SA 5.5% 2/26/24 (b)(c) 2,030,000 2,071,047 
Sistema International Funding SA 6.95% 5/17/19 (b) 3,640,000 3,585,400 
TMK Capital SA 6.75% 4/3/20 (Reg. S) 1,050,000 1,101,423 
VM Holding SA 5.375% 5/4/27 (b) 4,580,000 4,809,000 
TOTAL LUXEMBOURG  39,450,320 
Mauritius - 0.1%   
MTN (Mauritius) Investments Ltd. 6.5% 10/13/26 (b) 1,265,000 1,359,875 
Mexico - 8.7%   
America Movil S.A.B. de CV 6.45% 12/5/22 MXN64,900,000 3,390,018 
Credito Real S.A.B. de CV 7.5% 3/13/19 (b) 2,410,000 2,494,350 
Metalsa SA de CV 4.9% 4/24/23 (b) 7,020,000 7,182,162 
Pemex Project Funding Master Trust:   
6.625% 6/15/35 16,180,000 17,433,950 
6.625% 6/15/38 285,000 302,528 
8.625% 12/1/23 (c) 320,000 384,084 
Petroleos Mexicanos:   
4.625% 9/21/23 5,840,000 6,032,136 
4.875% 1/24/22 4,495,000 4,714,131 
4.875% 1/18/24 2,580,000 2,675,460 
5.5% 1/21/21 3,335,000 3,558,445 
6.375% 2/4/21 2,005,000 2,196,498 
6.375% 1/23/45 10,025,000 10,200,438 
6.5% 6/2/41 23,650,000 24,726,075 
6.625% (b)(f) 7,710,000 7,748,550 
6.75% 9/21/47 11,892,000 12,651,899 
6.875% 8/4/26 4,035,000 4,589,813 
Tenedora Nemak SA de CV 5.5% 2/28/23 (b) 2,350,000 2,417,563 
TV Azteca SA de CV:   
7.625% 9/18/20 (Reg S.) 2,653,860 2,748,072 
8.25% 8/9/24 (Reg. S) 3,030,000 3,213,315 
TOTAL MEXICO  118,659,487 
Mongolia - 0.4%   
Trade and Development Bank of Mongolia LLC 9.375% 5/19/20 (b) 5,393,000 5,817,402 
Netherlands - 7.5%   
Cimpor Financial Operations BV 5.75% 7/17/24 (b) 2,237,000 2,105,576 
GTB Finance BV 6% 11/8/18 (b) 2,586,000 2,630,624 
GTH Finance BV 7.25% 4/26/23 (b) 9,005,000 10,215,632 
Metinvest BV 9.3725% 12/31/21 pay-in-kind (c) 16,931,798 17,137,689 
Nostrum Oil & Gas Finance BV:   
6.375% 2/14/19 (b) 12,343,000 12,410,146 
8% 7/25/22 (b) 9,437,000 9,847,925 
Petrobras Global Finance BV:   
5.999% 1/27/28 (b) 6,369,000 6,338,747 
6.125% 1/17/22 17,640,000 18,963,000 
8.75% 5/23/26 15,665,000 18,817,581 
VTR Finance BV 6.875% 1/15/24 (b) 3,800,000 4,023,820 
TOTAL NETHERLANDS  102,490,740 
Nigeria - 1.5%   
Fidelity Bank PLC:   
6.875% 5/9/18 (b) 1,070,000 1,066,276 
6.875% 5/9/18 (Reg. S) 794,000 791,237 
Zenith Bank PLC:   
6.25% 4/22/19 (b) 10,585,000 10,794,054 
7.375% 5/30/22 (b) 7,135,000 7,366,888 
TOTAL NIGERIA  20,018,455 
Peru - 0.3%   
Compania Minera Ares SAC 7.75% 1/23/21 (b) 3,315,000 3,476,606 
Singapore - 0.2%   
Indika Energy Capital II Pte. Ltd. 6.875% 4/10/22 (b) 3,060,000 3,187,945 
Tunisia - 0.2%   
Banque Centrale de Tunisie 5.75% 1/30/25 (b) 3,005,000 2,923,036 
Turkey - 1.4%   
Akbank TAS/Ak Finansal Kiralama A/S 7.2% 3/16/27 (b)(c) 1,605,000 1,687,979 
Export Credit Bank of Turkey 5.875% 4/24/19 (b) 1,215,000 1,258,050 
Turkiye Garanti Bankasi A/S 6.125% 5/24/27 (b)(c) 2,335,000 2,338,839 
Turkiye Halk Bankasi A/S 3.875% 2/5/20 (b) 3,405,000 3,313,331 
Turkiye Is Bankasi A/S 5.5% 4/21/22 (b) 3,285,000 3,341,174 
Turkiye Vakiflar Bankasi TAO 6.875% 2/3/25 (Reg. S) (c) 6,325,000 6,455,042 
TOTAL TURKEY  18,394,415 
United Kingdom - 0.9%   
Afren PLC:   
6.625% 12/9/20 (b)(d)(e) 2,088,289 2,715 
10.25% 4/8/19 (Reg. S) (d)(e) 4,990,425 6,488 
Biz Finance PLC 9.75% 1/22/25 (b) 2,775,000 2,981,377 
Ferrexpo Finance PLC:   
10.375% 4/7/19 (b) 970,000 1,030,164 
10.375% 4/7/19 (Reg. S) 650,000 690,316 
Polyus Finance PLC 5.25% 2/7/23 (b) 1,365,000 1,426,289 
Vedanta Resources PLC:   
6.375% 7/30/22 (b) 3,610,000 3,754,400 
8.25% 6/7/21 (b) 2,500,000 2,800,000 
TOTAL UNITED KINGDOM  12,691,749 
United States of America - 1.0%   
CEMEX Finance LLC:   
6% 4/1/24 (b) 1,850,000 1,965,644 
9.375% 10/12/22 (b) 1,585,000 1,660,288 
Stillwater Mining Co.:   
6.125% 6/27/22 (b) 7,385,000 7,499,468 
7.125% 6/27/25 (b) 2,870,000 2,956,100 
TOTAL UNITED STATES OF AMERICA  14,081,500 
Venezuela - 1.6%   
Petroleos de Venezuela SA:   
5.375% 4/12/27 6,115,000 1,834,500 
5.5% 4/12/37 3,475,000 1,051,188 
6% 5/16/24 (b) 8,030,000 2,439,113 
6% 11/15/26 (b) 9,185,000 2,787,648 
8.5% 10/27/20 (b) 6,025,000 5,000,750 
9.75% 5/17/35 (b) 19,175,000 6,567,438 
12.75% 2/17/22 (b) 3,065,000 1,416,030 
TOTAL VENEZUELA  21,096,667 
TOTAL NONCONVERTIBLE BONDS   
(Cost $525,706,220)  533,773,731 
Government Obligations - 50.9%   
Argentina - 8.2%   
Argentine Republic:   
Badlar - Private Banks + 3.000% 22.5072% 10/9/17 (c)(g) ARS81,120,000 4,685,959 
5.625% 1/26/22 6,365,000 6,683,250 
6.875% 4/22/21 31,980,000 34,858,200 
7.125% 6/28/2117 (b) 4,330,000 4,321,340 
7.5% 4/22/26 10,315,000 11,594,060 
Buenos Aires Province:   
6.5% 2/15/23 (b) 3,050,000 3,215,188 
9.95% 6/9/21 (b) 6,375,000 7,343,299 
10.875% 1/26/21 (b) 2,070,000 2,380,500 
10.875% 1/26/21 (Reg. S) 12,315,000 14,162,250 
Province of Santa Fe 7% 3/23/23 (b) 6,415,000 6,826,009 
Provincia de Cordoba:   
7.125% 6/10/21 (b) 9,565,000 10,264,488 
7.45% 9/1/24 (b) 4,450,000 4,831,766 
TOTAL ARGENTINA  111,166,309 
Armenia - 0.6%   
Republic of Armenia:   
6% 9/30/20 (b) 4,571,000 4,826,976 
7.15% 3/26/25 (b) 3,025,000 3,382,313 
TOTAL ARMENIA  8,209,289 
Barbados - 0.2%   
Barbados Government:   
7% 8/4/22 (b) 2,135,000 1,964,200 
7.25% 12/15/21 (b) 185,000 170,200 
TOTAL BARBADOS  2,134,400 
Belarus - 1.5%   
Belarus Republic:   
6.875% 2/28/23 (b) 5,130,000 5,513,468 
7.625% 6/29/27 (b) 2,990,000 3,337,211 
8.95% 1/26/18 11,970,000 12,185,460 
TOTAL BELARUS  21,036,139 
Brazil - 3.5%   
Brazilian Federative Republic:   
5.625% 1/7/41 11,325,000 11,409,938 
7.125% 1/20/37 13,520,000 16,055,000 
8.25% 1/20/34 12,375,000 16,180,313 
10% 1/1/21 BRL10,400,000 3,406,578 
TOTAL BRAZIL  47,051,829 
Cameroon - 0.2%   
Cameroon Republic 9.5% 11/19/25 (b) 2,465,000 2,907,581 
Colombia - 0.9%   
Colombian Republic:   
6.125% 1/18/41 1,520,000 1,787,520 
7.375% 9/18/37 3,025,000 3,989,975 
10.375% 1/28/33 4,264,000 6,625,190 
TOTAL COLOMBIA  12,402,685 
Costa Rica - 0.4%   
Costa Rican Republic:   
7% 4/4/44 (b) 2,190,000 2,326,985 
7.158% 3/12/45 (b) 2,500,000 2,700,000 
TOTAL COSTA RICA  5,026,985 
Croatia - 0.4%   
Croatia Republic:   
5.5% 4/4/23 (b) 2,615,000 2,902,247 
6% 1/26/24 (b) 1,150,000 1,313,289 
6.375% 3/24/21 (b) 1,675,000 1,857,622 
TOTAL CROATIA  6,073,158 
Dominican Republic - 1.7%   
Dominican Republic:   
5.5% 1/27/25 (b) 1,900,000 2,009,250 
5.95% 1/25/27 (b) 4,370,000 4,697,750 
6.6% 1/28/24 (b) 3,500,000 3,933,125 
6.85% 1/27/45 (b) 3,095,000 3,462,531 
6.875% 1/29/26 (b) 3,725,000 4,248,214 
7.45% 4/30/44 (b) 4,455,000 5,307,019 
TOTAL DOMINICAN REPUBLIC  23,657,889 
Ecuador - 0.8%   
Ecuador Republic:   
8.75% 6/2/23 (b) 2,130,000 2,201,888 
9.65% 12/13/26 (b) 5,345,000 5,638,975 
10.75% 3/28/22 (b) 3,285,000 3,670,988 
TOTAL ECUADOR  11,511,851 
Egypt - 1.8%   
Arab Republic 5.875% 6/11/25 (b) 1,225,000 1,223,775 
Arab Republic of Egypt:   
5.875% 6/11/25 2,550,000 2,547,450 
6.125% 1/31/22 (b) 8,320,000 8,610,285 
7.5% 1/31/27 (b) 1,925,000 2,094,542 
8.5% 1/31/47 (b) 9,445,000 10,523,222 
TOTAL EGYPT  24,999,274 
El Salvador - 0.4%   
El Salvador Republic:   
7.375% 12/1/19 (b) 1,280,000 1,334,400 
7.625% 2/1/41 (b) 1,100,000 1,124,750 
7.65% 6/15/35 (Reg. S) 1,615,000 1,659,219 
8.625% 2/28/29 (b) 710,000 796,975 
TOTAL EL SALVADOR  4,915,344 
Indonesia - 2.9%   
Indonesian Republic:   
5.25% 1/17/42 (b) 1,700,000 1,895,826 
6.625% 2/17/37 (b) 2,700,000 3,438,177 
6.75% 1/15/44 (b) 2,585,000 3,453,392 
7.75% 1/17/38 (b) 7,645,000 10,865,686 
8.375% 3/15/24 IDR81,872,000,000 6,723,935 
8.5% 10/12/35 (Reg. S) 8,370,000 12,414,292 
TOTAL INDONESIA  38,791,308 
Iraq - 1.2%   
Republic of Iraq:   
5.8% 1/15/28 (Reg. S) 14,510,000 13,557,331 
6.752% 3/9/23 (b) 2,870,000 2,849,921 
TOTAL IRAQ  16,407,252 
Ivory Coast - 0.1%   
Ivory Coast 5.75% 12/31/32 1,868,240 1,831,959 
Lebanon - 2.9%   
Lebanese Republic:   
4% 12/31/17 4,630,250 4,619,600 
5% 10/12/17 1,285,000 1,284,910 
5.15% 6/12/18 10,380,000 10,412,614 
5.15% 11/12/18 805,000 808,091 
5.45% 11/28/19 8,660,000 8,684,248 
6% 5/20/19 8,340,000 8,444,250 
6% 1/27/23 2,000,000 1,971,000 
6.375% 3/9/20 2,570,000 2,621,081 
TOTAL LEBANON  38,845,794 
Mexico - 0.9%   
United Mexican States:   
4.75% 3/8/44 4,278,000 4,408,479 
6.05% 1/11/40 4,525,000 5,430,000 
6.5% 6/10/21 MXN55,780,000 3,044,130 
TOTAL MEXICO  12,882,609 
Mongolia - 0.4%   
Mongolian People's Republic 8.75% 3/9/24 (b) 5,140,000 5,764,433 
Netherlands - 0.2%   
Republic of Angola 7% 8/17/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S) 2,987,500 3,080,232 
Nigeria - 0.0%   
Republic of Nigeria 6.75% 1/28/21 (b) 500,000 531,285 
Oman - 0.1%   
Sultanate of Oman 6.5% 3/8/47 (b) 1,895,000 1,948,284 
Pakistan - 0.9%   
Islamic Republic of Pakistan:   
6.75% 12/3/19 (b) 2,500,000 2,616,025 
7.25% 4/15/19 (b) 6,680,000 6,985,543 
8.25% 4/15/24 (b) 2,000,000 2,270,400 
TOTAL PAKISTAN  11,871,968 
Panama - 0.2%   
Panamanian Republic:   
6.7% 1/26/36 855,000 1,130,738 
9.375% 4/1/29 1,145,000 1,723,225 
TOTAL PANAMA  2,853,963 
Peru - 0.7%   
Peruvian Republic:   
4% 3/7/27 (e)(h) 3,350,000 3,308,668 
6.35% 8/12/28 (b) PEN12,130,000 4,019,870 
8.2% 8/12/26 (Reg. S) PEN6,985,000 2,643,511 
TOTAL PERU  9,972,049 
Russia - 2.6%   
Russian Federation:   
5.25% 6/23/47 (b) 6,400,000 6,538,573 
5.625% 4/4/42 (b) 4,100,000 4,552,066 
5.875% 9/16/43 (b) 3,660,000 4,179,771 
12.75% 6/24/28 (Reg. S) 11,805,000 20,755,457 
TOTAL RUSSIA  36,025,867 
Rwanda - 0.2%   
Rwanda Rep 6.625% 5/2/23 (b) 2,835,000 2,955,714 
Serbia - 0.4%   
Republic of Serbia:   
4.875% 2/25/20 (b) 1,630,000 1,703,643 
6.75% 11/1/24 (b) 2,496,758 2,539,373 
7.25% 9/28/21 (b) 745,000 860,103 
TOTAL SERBIA  5,103,119 
Sri Lanka - 0.7%   
Democratic Socialist Republic of Sri Lanka:   
5.875% 7/25/22 (b) 1,145,000 1,219,507 
6.2% 5/11/27 (b) 1,455,000 1,526,374 
6.25% 10/4/20 (b) 2,400,000 2,556,648 
6.25% 7/27/21 (b) 1,620,000 1,741,738 
6.825% 7/18/26 (b) 930,000 1,021,295 
6.85% 11/3/25 (b) 1,250,000 1,372,220 
TOTAL SRI LANKA  9,437,782 
Turkey - 5.6%   
Turkish Republic:   
3.25% 3/23/23 1,250,000 1,188,465 
5.125% 3/25/22 5,240,000 5,486,689 
5.625% 3/30/21 4,625,000 4,917,809 
6% 3/25/27 3,550,000 3,810,712 
6.25% 9/26/22 12,075,000 13,244,222 
6.75% 5/30/40 4,165,000 4,626,532 
6.875% 3/17/36 8,420,000 9,499,865 
7% 6/5/20 3,085,000 3,368,512 
7.25% 3/5/38 6,820,000 8,012,954 
7.375% 2/5/25 9,110,000 10,581,721 
8% 2/14/34 2,775,000 3,452,933 
9.4% 7/8/20 TRY12,235,000 3,286,292 
11.875% 1/15/30 3,220,000 5,120,573 
TOTAL TURKEY  76,597,279 
Ukraine - 4.7%   
Ukraine Government:   
7.75% 9/1/21 (b) 28,897,000 30,670,120 
7.75% 9/1/22 (b) 28,422,000 30,138,120 
7.75% 9/1/23 (b) 2,462,000 2,584,780 
TOTAL UKRAINE  63,393,020 
United States of America - 2.9%   
U.S. Treasury Notes 2% 11/15/26 40,512,000 39,461,207 
Uruguay - 0.3%   
Uruguay Republic 7.875% 1/15/33 pay-in-kind 2,730,000 3,842,475 
Venezuela - 1.4%   
Venezuelan Republic:   
oil recovery warrants 4/15/20 (e)(i) 57,010 228,040 
9.25% 9/15/27 18,805,000 7,427,975 
11.95% 8/5/31 (Reg. S) 19,815,000 7,975,538 
12.75% 8/23/22 4,400,000 2,031,480 
13.625% 8/15/18 968,000 732,098 
TOTAL VENEZUELA  18,395,131 
Vietnam - 1.0%   
Vietnamese Socialist Republic:   
6 month U.S. LIBOR + 0.813% 2.25% 3/13/28 (c)(e)(g) 425,000 378,616 
4% 3/12/28 (e)(h) 11,891,667 11,815,917 
4.8% 11/19/24 (b) 830,000 886,735 
TOTAL VIETNAM  13,081,268 
TOTAL GOVERNMENT OBLIGATIONS   
(Cost $667,061,187)  694,166,731 
Supranational Obligations - 0.3%   
European Bank for Reconstruction & Development 6% 5/4/20 (Reg. S)
(Cost $3,777,830) 
INR242,600,000 3,744,097 
 Shares Value 
Common Stocks - 0.4%   
Canada - 0.4%   
Pacific Exploration and Production Corp.   
(Cost $10,927,086) 148,373 5,178,637 
 Principal Amount(a) Value 
Preferred Securities - 2.5%   
Cayman Islands - 1.5%   
Banco Do Brasil SA 9% (b)(c)(f) 4,225,000 4,646,738 
Cosan Overseas Ltd. 8.25% (f) 7,810,000 8,046,474 
CSN Islands XII Corp. 7% (Reg. S) (f) 2,465,000 1,915,396 
Odebrecht Finance Ltd.:   
7.5% (b)(f) 14,900,000 5,639,691 
7.5% (Reg. S) (f) 300,000 113,551 
TOTAL CAYMAN ISLANDS  20,361,850 
Ireland - 0.5%   
Alfa Bond Issuance PLC 8% (Reg. S) (c)(f) 4,360,000 4,593,374 
CBOM Finance PLC 8.875% (b)(c)(f) 3,585,000 3,016,336 
TOTAL IRELAND  7,609,710 
Luxembourg - 0.2%   
Magnesita Finance Ltd.:   
8.625% (b)(f) 2,095,000 2,129,830 
8.625% (Reg. S) (f) 300,000 304,988 
TOTAL LUXEMBOURG  2,434,818 
Mexico - 0.3%   
Banco Mercantil del Norte SA 7.625% (b)(c)(f) 3,575,000 3,964,770 
TOTAL PREFERRED SECURITIES   
(Cost $38,892,470)  34,371,148 
 Shares Value 
Money Market Funds - 5.6%   
Fidelity Cash Central Fund, 1.09% (j)   
(Cost $77,118,809) 77,106,898 77,122,319 
TOTAL INVESTMENT IN SECURITIES - 98.9%   
(Cost $1,323,483,602)  1,348,356,663 
NET OTHER ASSETS (LIABILITIES) - 1.1%  14,671,485 
NET ASSETS - 100%  $1,363,028,148 

Currency Abbreviations

ARS – Argentine peso

BRL – Brazilian real

IDR – Indonesian rupiah

INR – Indian rupee

MXN – Mexican peso

PEN – Peruvian new sol

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 $647,778,579 or 47.5% of net assets.

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

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

 (e) Level 3 security

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

 (g) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

 (h) 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.

 (i) Quantity represents share amount.

 (j) 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 $351,435 
Total $351,435 

Investment Valuation

The following is a summary of the inputs used, as of September 30, 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 $5,178,637 $5,178,637 $-- $-- 
Corporate Bonds 533,773,731 -- 533,764,528 9,203 
Government Obligations 694,166,731 -- 678,435,490 15,731,241 
Supranational Obligations 3,744,097 -- 3,744,097 -- 
Preferred Securities 34,371,148 -- 34,371,148 -- 
Money Market Funds 77,122,319 77,122,319 -- -- 
Total Investments in Securities: $1,348,356,663 $82,300,956 $1,250,315,263 $15,740,444 

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  31,649  
Net Unrealized Gain (Loss) on Investment Securities ( 76,166 ) 
Cost of Purchases  652,162  
Proceeds of Sales ( 462,750 ) 
Amortization/Accretion  62,248  
Transfers into Level 3  12,045,825  
Transfers out of Level 3 -- 
Ending Balance $ 15,731,241  
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2017 $( 76,166 ) 
Other Investments in Securities   
Beginning Balance $ 3,854,555  
Net Realized Gain (Loss) on Investment Securities ( 910,001 ) 
Net Unrealized Gain (Loss) on Investment Securities  941,713  
Cost of Purchases -- 
Proceeds of Sales ( 3,894,840) 
Amortization/Accretion  17,776  
Transfers into Level 3 -- 
Transfers out of Level 3 -- 
Ending Balance $ 9,203  
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at September 30, 2017 $ 985,082  

The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities 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, supranational obligations and U.S. government and government agency obligations 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.

The following provides information on Level 3 securities held by the fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker. 

Asset Type Fair Value Valuation Technique (s) Unobservable Input Amount or Range / Weighted Average Impact to Valuation from an Increase in Input(a) 
Corporate Bonds $0.00 Recovery value Recovery value 0.0% Increase 
Government Obligations $15,503,200 Market comparable Yield 3.6% - 5.3% / 5.0% Decrease 

 (a) Represents the expected directional change in the fair value of the Level 3 investments that would result from an increase in the corresponding input. A decrease to the unobservable input would have the opposite effect. Significant changes in these inputs could result in significantly higher or lower fair value measurements.


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 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:

November 28, 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:

November 28, 2017



By:

/s/Howard J. Galligan III


Howard J. Galligan III


Chief Financial Officer



Date:

November 28, 2017