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, 2018


Item 1.

Schedule of Investments





Quarterly Holdings Report
for

Fidelity® Series Emerging Markets Debt Fund

March 31, 2018







SED-QTLY-0518
1.924255.107





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) INR122,300,000 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 MXN64,900,000 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 BRL15,675,000 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 IDR67,622,000,000 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 MYR18,820,000 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) PEN3,350,000 1,164,654 
8.2% 8/12/26 (Reg. S) PEN5,235,000 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 RUB145,875,000 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 ZAR34,350,000 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 TRY5,450,000 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) 
INR274,400,000 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 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) 
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 Trusts (the Trust) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.


(a)(ii)  There was no change in the Trusts internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trusts last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trusts internal control over financial reporting.


Item 3.

Exhibits


Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.




SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


Fidelity Hastings Street Trust



By:

/s/Stacie M. Smith


Stacie M. Smith


President and Treasurer



Date:

May 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