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, 2018 |
Item 1.
Schedule of Investments
Quarterly Holdings Report
for
Fidelity® Series Emerging Markets Debt Fund
March 31, 2018
Schedule of Investments March 31, 2018 (Unaudited)
Showing Percentage of Net Assets
Nonconvertible Bonds - 34.3% | |||
Principal Amount(a) | Value | ||
Argentina - 4.9% | |||
Aeropuertos Argentina 2000 SA 6.875% 2/1/27 (b) | $4,180,000 | $4,333,573 | |
Banco Hipotecario SA 9.75% 11/30/20 (b) | 11,154,000 | 12,418,529 | |
Banco Macro SA 6.75% 11/4/26 (b)(c) | 6,585,000 | 6,611,538 | |
Cablevision SA 6.5% 6/15/21 (b) | 1,783,000 | 1,858,778 | |
Inversiones y Representaciones SA 11.5% 7/20/20 (Reg. S) | 10,000 | 11,125 | |
IRSA Propiedades Comerciales SA 8.75% 3/23/23 (b) | 4,310,000 | 4,743,629 | |
Pampa Holding SA 7.5% 1/24/27 (b) | 1,285,000 | 1,328,369 | |
Pan American Energy LLC 7.875% 5/7/21 (b) | 5,426,000 | 5,742,499 | |
Petrobras Energia SA 7.375% 7/21/23 (b) | 3,935,000 | 4,136,669 | |
Transportadora de Gas del Sur SA 9.625% 5/14/20 (b) | 7,394,845 | 7,720,440 | |
YPF SA: | |||
7% 12/15/47 (b) | 4,730,000 | 4,240,445 | |
8.5% 3/23/21 (b) | 1,655,000 | 1,807,426 | |
8.75% 4/4/24 (b) | 10,485,000 | 11,685,533 | |
TOTAL ARGENTINA | 66,638,553 | ||
Azerbaijan - 0.7% | |||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) | 9,065,000 | 9,991,153 | |
Bahrain - 0.1% | |||
The Oil and Gas Holding Co. 7.5% 10/25/27 (b) | 1,380,000 | 1,366,393 | |
Bangladesh - 0.7% | |||
Banglalink Digital Communications Ltd.: | |||
8.625% 5/6/19 (b) | 9,500,000 | 9,732,750 | |
8.625% 5/6/19 (Reg. S) | 200,000 | 204,900 | |
TOTAL BANGLADESH | 9,937,650 | ||
Bermuda - 0.8% | |||
Kosmos Energy Ltd.: | |||
7.875% 8/1/21 (b) | 5,658,000 | 5,757,015 | |
7.875% 8/1/21 (b) | 5,175,000 | 5,265,563 | |
TOTAL BERMUDA | 11,022,578 | ||
British Virgin Islands - 0.4% | |||
1MDB Global Investments Ltd. 4.4% 3/9/23 | 5,700,000 | 5,432,248 | |
Canada - 0.6% | |||
First Quantum Minerals Ltd. 7.25% 4/1/23 (b) | 2,005,000 | 1,974,925 | |
Pacific Exploration and Production Corp.: | |||
10% 11/2/21 pay-in-kind (c) | 2,233,000 | 2,484,213 | |
10% 11/2/21 pay-in-kind (b)(c) | 2,850,000 | 3,170,625 | |
TOTAL CANADA | 7,629,763 | ||
Cayman Islands - 0.7% | |||
Cementos Progreso Trust 7.125% 11/6/23 (b) | 750,000 | 775,313 | |
Comcel Trust 6.875% 2/6/24 (b) | 3,460,000 | 3,610,129 | |
CSN Islands XI Corp. 6.875% 9/21/19 (b) | 1,400,000 | 1,396,850 | |
Odebrecht Finance Ltd. 7.125% 6/26/42 (b) | 10,340,000 | 3,463,900 | |
Sparc Em Spc 0% 12/5/22 (b) | 465,000 | 419,430 | |
TOTAL CAYMAN ISLANDS | 9,665,622 | ||
Cyprus - 0.1% | |||
Global Ports Finance PLC 6.872% 1/25/22 (b) | 1,535,000 | 1,622,065 | |
Dominican Republic - 0.2% | |||
Banco de Reservas de La Republica Dominicana 7% 2/1/23 (b) | 3,120,000 | 3,260,400 | |
Georgia - 0.7% | |||
Georgian Oil & Gas Corp. 6.75% 4/26/21 (b) | 2,535,000 | 2,625,854 | |
JSC BGEO Group 6% 7/26/23 (b) | 4,890,000 | 4,941,638 | |
JSC Georgian Railway 7.75% 7/11/22 (b) | 1,790,000 | 1,952,389 | |
TOTAL GEORGIA | 9,519,881 | ||
Indonesia - 1.0% | |||
PT Bukit Makmur Mandiri Utama 7.75% 2/13/22 (b) | 3,850,000 | 4,002,090 | |
PT Pertamina Persero: | |||
5.625% 5/20/43 (b) | 1,834,000 | 1,881,132 | |
5.625% 5/20/43 (Reg. S) | 900,000 | 923,129 | |
6% 5/3/42 (b) | 2,895,000 | 3,096,625 | |
6.45% 5/30/44 (b) | 1,000,000 | 1,130,782 | |
6.5% 5/27/41 (b) | 2,290,000 | 2,592,072 | |
TOTAL INDONESIA | 13,625,830 | ||
Ireland - 0.6% | |||
Borets Finance DAC 6.5% 4/7/22 (b) | 2,195,000 | 2,287,410 | |
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b) | 1,895,000 | 1,890,263 | |
CBOM Finance PLC 7.5% 10/5/27 (b)(c) | 4,355,000 | 4,037,416 | |
TOTAL IRELAND | 8,215,089 | ||
Kazakhstan - 0.7% | |||
Kazkommertsbank Jsc Mtn Bank Ent 8.5% 5/11/18 (b) | 6,275,000 | 6,299,661 | |
KazMunaiGaz Finance Sub BV 4.875% 5/7/25 (b) | 2,525,000 | 2,574,490 | |
TOTAL KAZAKHSTAN | 8,874,151 | ||
Korea (South) - 0.1% | |||
Export-Import Bank of Korea 6.2% 8/7/21 (b) | INR | 122,300,000 | 1,840,024 |
Luxembourg - 2.2% | |||
CSN Resources SA 6.5% 7/21/20 (b) | 5,745,000 | 5,570,927 | |
EVRAZ Group SA: | |||
5.375% 3/20/23 (b) | 1,495,000 | 1,509,203 | |
8.25% 1/28/21 (Reg. S) | 2,055,000 | 2,252,280 | |
Minerva Luxembourg SA 6.5% 9/20/26 (b) | 2,400,000 | 2,304,000 | |
PSB Finance SA 5.25% 10/19/19 | 2,075,000 | 2,042,111 | |
Rumo Luxembourg Sarl 7.375% 2/9/24 (b) | 5,370,000 | 5,746,974 | |
SB Capital SA 5.5% 2/26/24 (b)(c) | 2,030,000 | 2,045,225 | |
Sistema International Funding SA 6.95% 5/17/19 (b) | 6,770,000 | 6,849,209 | |
TMK Capital SA 6.75% 4/3/20 (Reg. S) | 1,050,000 | 1,088,010 | |
TOTAL LUXEMBOURG | 29,407,939 | ||
Mexico - 8.1% | |||
America Movil S.A.B. de CV 6.45% 12/5/22 | MXN | 64,900,000 | 3,297,691 |
Axtel S.A.B. de CV 6.375% 11/14/24 (b) | 2,980,000 | 3,024,700 | |
Credito Real S.A.B. de CV 7.5% 3/13/19 (b) | 2,410,000 | 2,446,150 | |
Metalsa SA de CV 4.9% 4/24/23 (b) | 6,020,000 | 5,902,610 | |
Pemex Project Funding Master Trust: | |||
6.625% 6/15/35 | 16,015,000 | 16,546,378 | |
6.625% 6/15/38 | 285,000 | 287,138 | |
8.625% 12/1/23 (c) | 320,000 | 372,702 | |
Petroleos Mexicanos: | |||
4.625% 9/21/23 | 3,365,000 | 3,372,033 | |
4.875% 1/24/22 | 3,845,000 | 3,940,741 | |
4.875% 1/18/24 | 2,180,000 | 2,211,610 | |
5.5% 1/21/21 | 1,885,000 | 1,962,285 | |
6.375% 2/4/21 | 2,005,000 | 2,136,328 | |
6.375% 1/23/45 | 9,850,000 | 9,574,200 | |
6.5% 6/2/41 | 24,585,000 | 24,400,613 | |
6.625% (b)(d) | 5,975,000 | 5,930,188 | |
6.75% 9/21/47 | 11,617,000 | 11,755,010 | |
6.875% 8/4/26 | 3,085,000 | 3,390,415 | |
TV Azteca SA de CV 8.25% 8/9/24 (Reg. S) | 9,667,000 | 9,981,178 | |
TOTAL MEXICO | 110,531,970 | ||
Mongolia - 0.5% | |||
Trade and Development Bank of Mongolia LLC 9.375% 5/19/20 (b) | 5,703,000 | 6,128,370 | |
Netherlands - 4.7% | |||
Cimpor Financial Operations BV 5.75% 7/17/24 (b) | 2,462,000 | 2,347,517 | |
GTH Finance BV 7.25% 4/26/23 (b) | 6,715,000 | 7,301,354 | |
Metinvest BV 9.3725% 12/31/21 pay-in-kind (c) | 10,326,775 | 10,804,389 | |
Nostrum Oil & Gas Finance BV: | |||
7% 2/16/25 (b) | 1,840,000 | 1,788,480 | |
8% 7/25/22 (b) | 10,577,000 | 10,858,623 | |
Petrobras Global Finance BV: | |||
6.125% 1/17/22 | 7,625,000 | 8,135,875 | |
8.75% 5/23/26 | 16,600,000 | 19,510,810 | |
VTR Finance BV 6.875% 1/15/24 (b) | 3,275,000 | 3,410,945 | |
TOTAL NETHERLANDS | 64,157,993 | ||
Nigeria - 1.6% | |||
Access Bank PLC: | |||
9.25% 6/24/21 (b)(c) | 585,000 | 596,496 | |
10.5% 10/19/21 (b) | 1,305,000 | 1,460,687 | |
Fidelity Bank PLC 10.5% 10/16/22 (b) | 3,285,000 | 3,390,974 | |
Zenith Bank PLC: | |||
6.25% 4/22/19 (b) | 8,990,000 | 9,129,165 | |
7.375% 5/30/22 (b) | 7,135,000 | 7,353,902 | |
TOTAL NIGERIA | 21,931,224 | ||
Peru - 0.1% | |||
Peru Lng Srl 5.375% 3/22/30 (b) | 1,280,000 | 1,282,880 | |
Singapore - 0.3% | |||
Indika Energy Capital II Pte. Ltd. 6.875% 4/10/22 (b) | 3,950,000 | 4,051,088 | |
Tunisia - 0.2% | |||
Banque Centrale de Tunisie 5.75% 1/30/25 (b) | 2,780,000 | 2,644,475 | |
Turkey - 1.1% | |||
Akbank TAS/Ak Finansal Kiralama A/S 7.2% 3/16/27 (b)(c) | 1,800,000 | 1,836,760 | |
Petkim Petrokimya Holding A/S 5.875% 1/26/23 (b) | 1,320,000 | 1,293,378 | |
Turkiye Garanti Bankasi A/S 6.125% 5/24/27 (b)(c) | 2,095,000 | 2,036,818 | |
Turkiye Is Bankasi A/S 5.5% 4/21/22 (b) | 2,700,000 | 2,655,639 | |
Turkiye Vakiflar Bankasi TAO: | |||
5.75% 1/30/23 (b) | 1,810,000 | 1,760,652 | |
6.875% 2/3/25 (Reg. S) (c) | 4,655,000 | 4,653,762 | |
TOTAL TURKEY | 14,237,009 | ||
United Kingdom - 1.4% | |||
Afren PLC: | |||
6.625% 12/9/20 (b)(e)(f) | 2,088,289 | 752 | |
10.25% 4/8/19 (Reg. S) (e)(f) | 4,990,425 | 1,797 | |
DTEK Finance PLC 10.75% 12/31/24 pay-in-kind (c) | 4,350,000 | 4,676,424 | |
Ferrexpo Finance PLC: | |||
10.375% 4/7/19 (b) | 590,000 | 607,024 | |
10.375% 4/7/19 (b) | 970,000 | 997,989 | |
10.375% 4/7/19 (Reg. S) | 1,780,000 | 1,831,362 | |
10.375% 4/7/19 (Reg. S) | 2,355,000 | 2,422,954 | |
Polyus Finance PLC 5.25% 2/7/23 (b) | 1,365,000 | 1,385,066 | |
Vedanta Resources PLC: | |||
6.375% 7/30/22 (b) | 3,935,000 | 3,984,188 | |
8.25% 6/7/21 (b) | 2,175,000 | 2,364,225 | |
TOTAL UNITED KINGDOM | 18,271,781 | ||
United States of America - 0.7% | |||
Azul Investments LLP 5.875% 10/26/24 (b) | 1,365,000 | 1,342,819 | |
Citgo Holding, Inc. 10.75% 2/15/20 (b) | 1,330,000 | 1,408,138 | |
Stillwater Mining Co.: | |||
6.125% 6/27/22 (b) | 5,360,000 | 5,339,954 | |
7.125% 6/27/25 (b) | 1,950,000 | 1,963,455 | |
TOTAL UNITED STATES OF AMERICA | 10,054,366 | ||
Venezuela - 1.1% | |||
Petroleos de Venezuela SA: | |||
5.375% 4/12/27 (e) | 6,115,000 | 1,674,899 | |
5.5% 4/12/37 (e) | 3,475,000 | 999,063 | |
6% 5/16/24 (b)(e) | 6,830,000 | 1,861,175 | |
6% 11/15/26 (b)(e) | 10,145,000 | 2,726,469 | |
8.5% 10/27/20 (b)(e) | 2,928,750 | 2,501,153 | |
9.75% 5/17/35 (b)(e) | 12,585,000 | 3,926,520 | |
12.75% 2/17/22 (b)(e) | 3,065,000 | 1,039,801 | |
TOTAL VENEZUELA | 14,729,080 | ||
TOTAL NONCONVERTIBLE BONDS | |||
(Cost $470,226,112) | 466,069,575 | ||
Government Obligations - 56.7% | |||
Argentina - 9.4% | |||
Argentine Republic: | |||
5.625% 1/26/22 | 14,750,000 | 14,963,875 | |
6.875% 4/22/21 | 36,335,000 | 38,515,076 | |
7.125% 6/28/2117 (b) | 4,770,000 | 4,395,555 | |
7.5% 4/22/26 | 23,455,000 | 25,026,485 | |
Buenos Aires Province: | |||
6.5% 2/15/23 (b) | 3,050,000 | 3,126,250 | |
9.95% 6/9/21 (b) | 5,680,000 | 6,329,849 | |
10.875% 1/26/21 (b) | 2,585,000 | 2,849,963 | |
10.875% 1/26/21 (Reg. S) | 11,010,000 | 12,138,525 | |
Province of Santa Fe 7% 3/23/23 (b) | 6,415,000 | 6,566,779 | |
Provincia de Cordoba: | |||
7.125% 6/10/21 (b) | 8,565,000 | 8,993,250 | |
7.45% 9/1/24 (b) | 4,450,000 | 4,679,175 | |
TOTAL ARGENTINA | 127,584,782 | ||
Armenia - 0.6% | |||
Republic of Armenia: | |||
6% 9/30/20 (b) | 4,371,000 | 4,523,985 | |
7.15% 3/26/25 (b) | 3,025,000 | 3,340,992 | |
TOTAL ARMENIA | 7,864,977 | ||
Barbados - 0.1% | |||
Barbados Government: | |||
7% 8/4/22 (b) | 2,135,000 | 1,802,687 | |
7.25% 12/15/21 (b) | 185,000 | 159,100 | |
TOTAL BARBADOS | 1,961,787 | ||
Belarus - 0.6% | |||
Belarus Republic: | |||
6.875% 2/28/23 (b) | 4,980,000 | 5,273,222 | |
7.625% 6/29/27 (b) | 2,990,000 | 3,290,495 | |
TOTAL BELARUS | 8,563,717 | ||
Bolivia - 0.1% | |||
Plurinational State of Bolivia 5.95% 8/22/23 (b) | 1,250,000 | 1,345,713 | |
Brazil - 3.3% | |||
Brazilian Federative Republic: | |||
5.625% 1/7/41 | 11,325,000 | 11,112,656 | |
7.125% 1/20/37 | 12,340,000 | 14,369,930 | |
8.25% 1/20/34 | 11,280,000 | 14,201,633 | |
10% 1/1/21 | BRL | 15,675,000 | 4,983,121 |
TOTAL BRAZIL | 44,667,340 | ||
Cameroon - 0.3% | |||
Cameroon Republic 9.5% 11/19/25 (b) | 3,950,000 | 4,528,280 | |
Colombia - 0.9% | |||
Colombian Republic: | |||
6.125% 1/18/41 | 1,520,000 | 1,751,800 | |
7.375% 9/18/37 | 3,025,000 | 3,872,000 | |
10.375% 1/28/33 | 4,064,000 | 6,447,536 | |
TOTAL COLOMBIA | 12,071,336 | ||
Costa Rica - 0.3% | |||
Costa Rican Republic: | |||
7% 4/4/44 (b) | 1,530,000 | 1,578,960 | |
7.158% 3/12/45 (b) | 2,000,000 | 2,084,000 | |
TOTAL COSTA RICA | 3,662,960 | ||
Croatia - 0.1% | |||
Croatia Republic 5.5% 4/4/23 (b) | 1,785,000 | 1,914,627 | |
Dominican Republic - 1.6% | |||
Dominican Republic: | |||
5.5% 1/27/25 (b) | 1,900,000 | 1,954,302 | |
5.95% 1/25/27 (b) | 4,370,000 | 4,566,650 | |
6.6% 1/28/24 (b) | 2,575,000 | 2,798,150 | |
6.85% 1/27/45 (b) | 3,095,000 | 3,334,863 | |
6.875% 1/29/26 (b) | 3,725,000 | 4,129,945 | |
7.45% 4/30/44 (b) | 4,305,000 | 4,864,650 | |
TOTAL DOMINICAN REPUBLIC | 21,648,560 | ||
Ecuador - 1.3% | |||
Ecuador Republic: | |||
7.875% 1/23/28 (b) | 2,070,000 | 1,992,789 | |
8.875% 10/23/27 (b) | 9,090,000 | 9,250,893 | |
9.65% 12/13/26 (b) | 5,345,000 | 5,638,975 | |
10.75% 3/28/22 (b) | 1,110,000 | 1,214,340 | |
TOTAL ECUADOR | 18,096,997 | ||
Egypt - 2.6% | |||
Arab Republic of Egypt: | |||
5.577% 2/21/23 (b) | 3,680,000 | 3,732,256 | |
5.875% 6/11/25 | 1,730,000 | 1,737,577 | |
5.875% 6/11/25 (b) | 1,225,000 | 1,230,366 | |
6.125% 1/31/22 (b) | 14,235,000 | 14,725,083 | |
7.5% 1/31/27 (b) | 1,925,000 | 2,083,146 | |
7.903% 2/21/48 (b) | 2,770,000 | 2,912,467 | |
8.5% 1/31/47 (b) | 8,135,000 | 9,066,458 | |
TOTAL EGYPT | 35,487,353 | ||
El Salvador - 0.7% | |||
El Salvador Republic: | |||
7.375% 12/1/19 (b) | 5,790,000 | 6,021,079 | |
7.625% 2/1/41 (b) | 1,100,000 | 1,160,830 | |
7.65% 6/15/35 (Reg. S) | 745,000 | 785,483 | |
7.75% 1/24/23 (b) | 1,250,000 | 1,360,563 | |
TOTAL EL SALVADOR | 9,327,955 | ||
Ghana - 0.1% | |||
Ghana Republic 10.75% 10/14/30 (b) | 1,250,000 | 1,633,125 | |
Indonesia - 2.5% | |||
Indonesian Republic: | |||
5.25% 1/17/42 (b) | 1,700,000 | 1,787,387 | |
6.625% 2/17/37 (b) | 2,700,000 | 3,270,070 | |
6.75% 1/15/44 (b) | 2,585,000 | 3,249,087 | |
7.75% 1/17/38 (b) | 7,295,000 | 9,879,195 | |
8.375% 3/15/24 | IDR | 67,622,000,000 | 5,366,267 |
8.5% 10/12/35 (Reg. S) | 7,670,000 | 10,887,542 | |
TOTAL INDONESIA | 34,439,548 | ||
Iraq - 1.3% | |||
Republic of Iraq: | |||
5.8% 1/15/28 (Reg. S) | 14,510,000 | 13,871,560 | |
6.752% 3/9/23 (b) | 3,475,000 | 3,523,650 | |
TOTAL IRAQ | 17,395,210 | ||
Ivory Coast - 0.1% | |||
Ivory Coast 5.75% 12/31/32 | 2,160,270 | 2,075,881 | |
Jordan - 0.2% | |||
Jordanian Kingdom 7.375% 10/10/47 (b) | 2,540,000 | 2,565,400 | |
Kenya - 0.3% | |||
Republic of Kenya: | |||
6.875% 6/24/24 (b) | 1,350,000 | 1,409,457 | |
7.25% 2/28/28 (b) | 2,000,000 | 2,090,520 | |
8.25% 2/28/48 (b) | 780,000 | 834,896 | |
TOTAL KENYA | 4,334,873 | ||
Lebanon - 3.7% | |||
Lebanese Republic: | |||
5.15% 6/12/18 | 17,365,000 | 17,359,791 | |
5.15% 11/12/18 | 9,670,000 | 9,668,646 | |
5.45% 11/28/19 | 9,215,000 | 9,155,103 | |
6% 5/20/19 | 9,165,000 | 9,174,165 | |
6% 1/27/23 | 2,000,000 | 1,942,000 | |
6.375% 3/9/20 | 2,570,000 | 2,582,593 | |
TOTAL LEBANON | 49,882,298 | ||
Malaysia - 0.4% | |||
Malaysian Government 4.181% 7/15/24 | MYR | 18,820,000 | 4,938,265 |
Mexico - 0.6% | |||
United Mexican States: | |||
4.75% 3/8/44 | 3,388,000 | 3,294,830 | |
6.05% 1/11/40 | 4,525,000 | 5,101,938 | |
TOTAL MEXICO | 8,396,768 | ||
Mongolia - 0.4% | |||
Mongolian People's Republic 8.75% 3/9/24 (b) | 5,240,000 | 5,885,060 | |
Netherlands - 0.1% | |||
Republic of Angola 7% 8/17/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S) | 1,715,625 | 1,745,992 | |
Nigeria - 0.6% | |||
Republic of Nigeria: | |||
6.5% 11/28/27 (b) | 1,750,000 | 1,772,855 | |
6.75% 1/28/21 (b) | 500,000 | 526,358 | |
7.143% 2/23/30 (b) | 1,360,000 | 1,411,000 | |
7.625% 11/28/47 (b) | 2,470,000 | 2,556,845 | |
7.696% 2/23/38 (b) | 1,715,000 | 1,804,969 | |
TOTAL NIGERIA | 8,072,027 | ||
Oman - 0.4% | |||
Sultanate of Oman: | |||
6.5% 3/8/47 (b) | 1,370,000 | 1,294,650 | |
6.75% 1/17/48 (b) | 3,980,000 | 3,819,081 | |
TOTAL OMAN | 5,113,731 | ||
Pakistan - 1.4% | |||
Islamic Republic of Pakistan: | |||
6.75% 12/3/19 (b) | 6,175,000 | 6,302,551 | |
7.25% 4/15/19 (b) | 9,395,000 | 9,566,449 | |
8.25% 4/15/24 (b) | 3,075,000 | 3,202,050 | |
TOTAL PAKISTAN | 19,071,050 | ||
Panama - 0.2% | |||
Panamanian Republic: | |||
6.7% 1/26/36 | 460,000 | 580,750 | |
9.375% 4/1/29 | 1,145,000 | 1,668,838 | |
TOTAL PANAMA | 2,249,588 | ||
Paraguay - 0.1% | |||
Republic of Paraguay 5.6% 3/13/48 (b) | 1,810,000 | 1,841,675 | |
Peru - 0.5% | |||
Peruvian Republic: | |||
4% 3/7/27 (f)(g) | 3,350,000 | 3,319,817 | |
6.35% 8/12/28 (b) | PEN | 3,350,000 | 1,164,654 |
8.2% 8/12/26 (Reg. S) | PEN | 5,235,000 | 2,022,224 |
TOTAL PERU | 6,506,695 | ||
Russia - 2.9% | |||
Russian Federation: | |||
5.25% 6/23/47 (b) | 10,200,000 | 10,187,760 | |
5.625% 4/4/42 (b) | 4,100,000 | 4,403,236 | |
5.875% 9/16/43 (b) | 3,660,000 | 4,067,175 | |
6.7% 5/15/19 | RUB | 145,875,000 | 2,561,416 |
12.75% 6/24/28 (Reg. S) | 10,755,000 | 17,907,935 | |
TOTAL RUSSIA | 39,127,522 | ||
Rwanda - 0.2% | |||
Rwanda Republic 6.625% 5/2/23 (b) | 2,835,000 | 2,924,161 | |
Senegal - 0.1% | |||
Republic of Senegal 6.75% 3/13/48 (b) | 2,065,000 | 2,022,461 | |
Serbia - 0.3% | |||
Republic of Serbia: | |||
4.875% 2/25/20 (b) | 1,245,000 | 1,274,611 | |
6.75% 11/1/24 (b) | 2,330,308 | 2,338,874 | |
TOTAL SERBIA | 3,613,485 | ||
South Africa - 0.7% | |||
South African Republic: | |||
4.875% 4/14/26 | 2,750,000 | 2,741,750 | |
5.875% 9/16/25 | 1,825,000 | 1,943,534 | |
6.25% 3/8/41 | 1,250,000 | 1,342,795 | |
10.5% 12/21/26 | ZAR | 34,350,000 | 3,354,121 |
TOTAL SOUTH AFRICA | 9,382,200 | ||
Sri Lanka - 0.7% | |||
Democratic Socialist Republic of Sri Lanka: | |||
5.125% 4/11/19 (b) | 925,000 | 934,432 | |
5.875% 7/25/22 (b) | 1,145,000 | 1,161,867 | |
6.2% 5/11/27 (b) | 1,320,000 | 1,298,439 | |
6.25% 10/4/20 (b) | 2,125,000 | 2,202,750 | |
6.25% 7/27/21 (b) | 1,620,000 | 1,679,601 | |
6.825% 7/18/26 (b) | 930,000 | 956,082 | |
6.85% 11/3/25 (b) | 1,250,000 | 1,293,539 | |
TOTAL SRI LANKA | 9,526,710 | ||
Turkey - 5.9% | |||
Turkish Republic: | |||
4.875% 10/9/26 | 1,380,000 | 1,300,650 | |
5.125% 3/25/22 | 5,240,000 | 5,342,075 | |
5.625% 3/30/21 | 5,675,000 | 5,873,625 | |
6% 3/25/27 | 3,550,000 | 3,594,659 | |
6.25% 9/26/22 | 20,905,000 | 22,142,451 | |
6.75% 5/30/40 | 5,265,000 | 5,373,543 | |
6.875% 3/17/36 | 8,420,000 | 8,752,085 | |
7% 6/5/20 | 3,085,000 | 3,268,650 | |
7.25% 3/5/38 | 6,820,000 | 7,364,891 | |
7.375% 2/5/25 | 9,110,000 | 10,095,684 | |
8% 2/14/34 | 2,775,000 | 3,205,458 | |
10.4% 3/27/19 | TRY | 5,450,000 | 1,342,712 |
11.875% 1/15/30 | 1,855,000 | 2,763,208 | |
TOTAL TURKEY | 80,419,691 | ||
Ukraine - 6.0% | |||
Ukraine Government: | |||
7.75% 9/1/20 (b) | 13,215,000 | 13,840,862 | |
7.75% 9/1/21 (b) | 35,942,000 | 37,626,961 | |
7.75% 9/1/22 (b) | 29,097,000 | 30,319,074 | |
TOTAL UKRAINE | 81,786,897 | ||
United States of America - 2.8% | |||
U.S. Treasury Bonds 3% 2/15/48 | 13,810,000 | 13,858,591 | |
U.S. Treasury Notes 2% 11/15/26 | 25,327,000 | 23,869,826 | |
TOTAL UNITED STATES OF AMERICA | 37,728,417 | ||
Uruguay - 0.2% | |||
Uruguay Republic 7.875% 1/15/33 pay-in-kind | 2,030,000 | 2,773,691 | |
Venezuela - 1.1% | |||
Venezuelan Republic: | |||
9.25% 9/15/27 (e) | 22,230,000 | 7,151,391 | |
11.95% 8/5/31 (Reg. S) (e) | 18,465,000 | 6,069,446 | |
12.75% 8/23/22 (e) | 3,625,000 | 1,202,413 | |
TOTAL VENEZUELA | 14,423,250 | ||
Vietnam - 1.0% | |||
Vietnamese Socialist Republic: | |||
6 month U.S. LIBOR + 0.813% 3.0625% 3/13/28 (c)(f)(h) | 425,000 | 381,076 | |
5.5% 3/12/28 (f) | 13,042,167 | 13,009,561 | |
TOTAL VIETNAM | 13,390,637 | ||
TOTAL GOVERNMENT OBLIGATIONS | |||
(Cost $764,729,861) | 771,992,692 | ||
Supranational Obligations - 0.3% | |||
European Bank for Reconstruction & Development 6% 5/4/20 (Reg. S) (Cost $4,276,311) | INR | 274,400,000 | 4,177,163 |
Shares | Value | ||
Common Stocks - 0.2% | |||
Canada - 0.2% | |||
Pacific Exploration and Production Corp. (i) | |||
(Cost $4,534,580) | 113,473 | 3,171,625 | |
Principal Amount(a) | Value | ||
Preferred Securities - 2.8% | |||
Brazil - 0.4% | |||
Itau Unibanco Holding SA 6.125% (b)(c)(d) | 5,480,000 | 5,476,292 | |
Cayman Islands - 1.5% | |||
Banco Do Brasil SA 9% (b)(c)(d) | 6,505,000 | 7,129,963 | |
Cosan Overseas Ltd. 8.25% (d) | 8,430,000 | 8,625,961 | |
Odebrecht Finance Ltd.: | |||
7.5% (b)(d) | 11,300,000 | 4,165,900 | |
7.5% (Reg. S) (d) | 300,000 | 110,601 | |
TOTAL CAYMAN ISLANDS | 20,032,425 | ||
Colombia - 0.1% | |||
Colombia Telecomunicaciones SA 8.5% (b)(c)(d) | 1,260,000 | 1,309,092 | |
Ireland - 0.3% | |||
Alfa Bond Issuance PLC 8% (Reg. S) (c)(d) | 4,360,000 | 4,549,071 | |
Luxembourg - 0.2% | |||
Magnesita Finance Ltd.: | |||
8.625% (b)(d) | 2,030,400 | 2,079,341 | |
8.625% (Reg. S) (d) | 216,000 | 221,207 | |
TOTAL LUXEMBOURG | 2,300,548 | ||
Mexico - 0.3% | |||
Banco Mercantil del Norte SA 7.625% (b)(c)(d) | 4,210,000 | 4,559,445 | |
TOTAL PREFERRED SECURITIES | |||
(Cost $40,310,285) | 38,226,873 | ||
Shares | Value | ||
Money Market Funds - 4.1% | |||
Fidelity Cash Central Fund, 1.72% (j) | |||
(Cost $56,301,206) | 56,293,457 | 56,304,716 | |
TOTAL INVESTMENT IN SECURITIES - 98.4% | |||
(Cost $1,340,378,355) | 1,339,942,644 | ||
NET OTHER ASSETS (LIABILITIES) - 1.6% | 21,162,161 | ||
NET ASSETS - 100% | $1,361,104,805 |
Currency Abbreviations
BRL – Brazilian real
IDR – Indonesian rupiah
INR – Indian rupee
MXN – Mexican peso
MYR – Malyasian ringgit
PEN – Peruvian new sol
RUB – Russian ruble
TRY – Turkish Lira
ZAR – South African rand
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 $667,155,491 or 49.0% of net assets.
(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.
(d) Security is perpetual in nature with no stated maturity date.
(e) Non-income producing - Security is in default.
(f) Level 3 security
(g) 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.
(h) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.
(i) Non-income producing
(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 | $233,866 |
Total | $233,866 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
The following is a summary of the inputs used, as of March 31, 2018, 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 | $3,171,625 | $3,171,625 | $-- | $-- |
Corporate Bonds | 466,069,575 | -- | 466,067,026 | 2,549 |
Government Obligations | 771,992,692 | -- | 755,282,238 | 16,710,454 |
Supranational Obligations | 4,177,163 | -- | 4,177,163 | -- |
Preferred Securities | 38,226,873 | -- | 38,226,873 | -- |
Money Market Funds | 56,304,716 | 56,304,716 | -- | -- |
Total Investments in Securities: | $1,339,942,644 | $59,476,341 | $1,263,753,300 | $16,713,003 |
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 | $16,919,163 |
Net Realized Gain (Loss) on Investment Securities | 15,186 |
Net Unrealized Gain (Loss) on Investment Securities | 21,126 |
Cost of Purchases | -- |
Proceeds of Sales | (266,167) |
Amortization/Accretion | 21,146 |
Transfers into Level 3 | -- |
Transfers out of Level 3 | -- |
Ending Balance | $16,710,454 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2018 | $21,126 |
Other Investments in Securities | |
Beginning Balance | $5,102 |
Net Realized Gain (Loss) on Investment Securities | -- |
Net Unrealized Gain (Loss) on Investment Securities | (2,553) |
Cost of Purchases | -- |
Proceeds of Sales | -- |
Amortization/Accretion | -- |
Transfers into Level 3 | -- |
Transfers out of Level 3 | -- |
Ending Balance | $2,549 |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at March 31, 2018 | $(2,553) |
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 Funds 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) |
Government Obligations | $16,710,454 | Market comparable | Yield | 3.6% - 5.3% / 5.1% | 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 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 25, 2018 |
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 25, 2018 |
By: | /s/Howard J. Galligan III |
Howard J. Galligan III | |
Chief Financial Officer | |
Date: | May 25, 2018 |
Exhibit EX-99.CERT
I, Stacie M. Smith, 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:
May 25, 2018
/s/Stacie M. Smith |
Stacie M. Smith |
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:
May 25, 2018
/s/Howard J. Galligan III |
Howard J. Galligan III |
Chief Financial Officer |