N-CSRS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number   811-03466

Fidelity Hanover Street Trust

 (Exact name of registrant as specified in charter)

245 Summer St., Boston, MA 02210

 (Address of principal executive offices)       (Zip code)

Cynthia Lo Bessette, 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:	June 30, 2021

Item 1.

Reports to Stockholders

Fidelity® Emerging Markets Debt Central Fund

Fidelity® Emerging Markets Debt Local Currency Central Fund

Semi-Annual Report

June 30, 2021

Contents

Fidelity® Emerging Markets Debt Central Fund

Fidelity® Emerging Markets Debt Local Currency Central Fund

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You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.

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All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company. © 2021 FMR LLC. All rights reserved.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC’s web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

Note to Shareholders:

Early in 2020, the outbreak and spread of a new coronavirus emerged as a public health emergency that had a major influence on financial markets, primarily based on its impact on the global economy and the outlook for corporate earnings. The virus causes a respiratory disease known as COVID-19. On March 11, 2020 the World Health Organization declared the COVID-19 outbreak a pandemic, citing sustained risk of further global spread.

In the weeks following, as the crisis worsened, we witnessed an escalating human tragedy with wide-scale social and economic consequences from coronavirus-containment measures. The outbreak of COVID-19 prompted a number of measures to limit the spread, including travel and border restrictions, quarantines, and restrictions on large gatherings. In turn, these resulted in lower consumer activity, diminished demand for a wide range of products and services, disruption in manufacturing and supply chains, and – given the wide variability in outcomes regarding the outbreak – significant market uncertainty and volatility. Amid the turmoil, global governments and central banks took unprecedented action to help support consumers, businesses, and the broader economies, and to limit disruption to financial systems.

The situation continues to unfold, and the extent and duration of its impact on financial markets and the economy remain highly uncertain. Extreme events such as the coronavirus crisis are “exogenous shocks” that can have significant adverse effects on mutual funds and their investments. Although multiple asset classes may be affected by market disruption, the duration and impact may not be the same for all types of assets.

Fidelity is committed to helping you stay informed amid news about COVID-19 and during increased market volatility, and we’re taking extra steps to be responsive to customer needs. We encourage you to visit our websites, where we offer ongoing updates, commentary, and analysis on the markets and our funds.

Fidelity® Emerging Markets Debt Central Fund

Investment Summary (Unaudited)

Top Five Countries as of June 30, 2021

(excluding cash equivalents)	% of fund's net assets
Mexico	8.1
Cayman Islands	5.4
Turkey	5.3
Netherlands	4.8
United States of America	3.5

Percentages are adjusted for the effect of futures contracts, if applicable.

Top Five Holdings as of June 30, 2021

(by issuer, excluding cash equivalents)	% of fund's net assets
Petroleos Mexicanos	5.2
Turkish Republic	4.6
Ukraine Government	3.4
Indonesian Republic	2.7
Arab Republic of Egypt	2.6
	18.5

Asset Allocation (% of fund's net assets)

As of June 30, 2021
	Corporate Bonds	41.3%
	Government Obligations	44.2%
	Preferred Securities	4.3%
	Short-Term Investments and Net Other Assets (Liabilities)	10.2%

Fidelity® Emerging Markets Debt Central Fund

Schedule of Investments June 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 41.3%
		Principal Amount(a)	Value
Argentina - 0.8%
YPF SA:
8.5% 3/23/25 (b)		$6,967,000	$6,269,429
8.75% 4/4/24 (b)		18,190,000	16,166,363
TOTAL ARGENTINA			22,435,792
Azerbaijan - 0.7%
Southern Gas Corridor CJSC 6.875% 3/24/26 (b)		11,330,000	13,531,532
State Oil Co. of Azerbaijan Republic:
4.75% 3/13/23 (Reg. S)		1,835,000	1,939,710
6.95% 3/18/30 (Reg. S)		2,715,000	3,413,773
TOTAL AZERBAIJAN			18,885,015
Bahrain - 0.8%
The Oil and Gas Holding Co.:
7.5% 10/25/27 (b)		6,995,000	7,791,993
7.625% 11/7/24 (b)		9,925,000	11,052,728
8.375% 11/7/28 (b)		2,065,000	2,415,792
TOTAL BAHRAIN			21,260,513
Bailiwick of Jersey - 0.2%
Galaxy Pipeline Assets BidCo Ltd. 2.625% 3/31/36 (b)		6,685,000	6,551,300
Bermuda - 1.3%
Digicel Group Ltd. 6.75% 3/1/23 (b)		3,120,000	2,978,625
GeoPark Ltd. 6.5% 9/21/24 (b)		5,885,000	6,071,849
Investment Energy Resources Ltd. 6.25% 4/26/29 (b)		5,490,000	5,936,063
Qtel International Finance Ltd.:
2.625% 4/8/31 (b)		5,130,000	5,179,697
3.25% 2/21/23 (b)		5,230,000	5,437,566
5% 10/19/25 (b)		2,795,000	3,209,184
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b)		7,235,000	7,370,204
TOTAL BERMUDA			36,183,188
Brazil - 0.3%
Natura Cosmeticos SA 4.125% 5/3/28 (b)		7,570,000	7,759,250
British Virgin Islands - 2.3%
1MDB Global Investments Ltd. 4.4% 3/9/23		43,000,000	43,331,070
Central American Bottling Corp. 5.75% 1/31/27 (b)		3,817,000	3,971,589
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b)		7,010,000	7,151,294
Gold Fields Orogen Holding BVI Ltd. 5.125% 5/15/24 (b)		1,850,000	2,012,800
Sinopec Group Overseas Development Ltd.:
1.45% 1/8/26 (b)		4,035,000	4,031,812
2.7% 5/13/30 (b)		2,555,000	2,628,137
TOTAL BRITISH VIRGIN ISLANDS			63,126,702
Canada - 1.0%
First Quantum Minerals Ltd.:
7.25% 4/1/23 (b)		22,505,000	22,898,838
7.5% 4/1/25 (b)		2,900,000	3,005,125
MEGlobal Canada, Inc. 5% 5/18/25 (b)		1,225,000	1,373,531
TOTAL CANADA			27,277,494
Cayman Islands - 3.4%
Alibaba Group Holding Ltd. 2.125% 2/9/31		3,395,000	3,327,541
Baidu.com, Inc.:
1.72% 4/9/26		4,835,000	4,875,131
2.375% 10/9/30		2,715,000	2,712,115
DP World Crescent Ltd.:
3.7495% 1/30/30 (b)		8,805,000	9,476,381
3.875% 7/18/29 (Reg. S)		4,815,000	5,218,256
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b)		5,175,000	5,345,775
JD.com, Inc. 3.375% 1/14/30		7,545,000	8,050,289
Kaisa Group Holdings Ltd. 8.5% 6/30/22 (Reg. S)		1,210,000	1,204,177
MCE Finance Ltd. 4.875% 6/6/25 (b)		3,805,000	3,894,418
Meituan:
2.125% 10/28/25 (b)		5,835,000	5,768,423
3.05% 10/28/30 (b)		3,860,000	3,796,001
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S)		6,150,000	6,304,903
OEC Finance Ltd.:
4.375% 10/25/29 pay-in-kind (b)		5,786,114	642,259
7.125% 12/26/46 pay-in-kind (b)		8,076,907	896,537
SA Global Sukuk Ltd. 1.602% 6/17/26 (b)		4,825,000	4,824,518
Sable International Finance Ltd. 5.75% 9/7/27 (b)		3,585,000	3,763,175
Sparc Em Spc 0% 12/5/22 (b)		359,589	353,476
Tencent Holdings Ltd.:
1.81% 1/26/26 (b)		2,715,000	2,759,628
2.39% 6/3/30 (b)		3,405,000	3,390,903
2.88% 4/22/31 (b)		2,220,000	2,293,549
3.975% 4/11/29 (b)		2,040,000	2,278,170
Termocandelaria Power Ltd. 7.875% 1/30/29 (b)		6,077,250	6,505,696
Wynn Macau Ltd. 5.5% 1/15/26 (b)		4,165,000	4,350,603
TOTAL CAYMAN ISLANDS			92,031,924
Chile - 0.8%
Corporacion Nacional del Cobre de Chile (Codelco):
3% 9/30/29 (b)		1,225,000	1,273,847
3.15% 1/14/30 (b)		3,200,000	3,360,600
3.7% 1/30/50 (b)		7,485,000	7,916,791
VTR Comunicaciones SpA:
4.375% 4/15/29 (b)		2,780,000	2,776,247
5.125% 1/15/28 (b)		7,334,000	7,638,728
TOTAL CHILE			22,966,213
Colombia - 0.3%
Colombia Telecomunicaciones SA 4.95% 7/17/30 (b)		2,420,000	2,503,641
Oleoducto Central SA 4% 7/14/27 (b)		6,585,000	6,798,189
TOTAL COLOMBIA			9,301,830
Curacao - 0.2%
Teva Pharmaceutical Finance Co. BV:
2.95% 12/18/22		3,125,000	3,140,625
3.65% 11/10/21		1,030,000	1,032,575
TOTAL CURACAO			4,173,200
Dominican Republic - 0.0%
Banco de Reservas de La Republica Dominicana 7% 2/1/23 (b)		1,075,000	1,127,944
Georgia - 0.4%
Georgia Bank Joint Stock Co. 6% 7/26/23 (b)		9,705,000	10,260,005
Silknet JSC 11% 4/2/24 (Reg. S)		650,000	711,547
TOTAL GEORGIA			10,971,552
Hong Kong - 0.3%
Lenovo Group Ltd.:
3.421% 11/2/30 (b)		5,555,000	5,776,506
5.875% 4/24/25 (Reg. S)		1,295,000	1,468,449
TOTAL HONG KONG			7,244,955
Indonesia - 0.6%
Delta Merlin Dunia Tekstil PT:
0% 6/26/32		985,000	29,119
2.5% 6/26/28		985,000	115,614
Indonesia Asahan Aluminium Tbk PT 5.45% 5/15/30 (b)		5,295,000	6,159,740
PT Adaro Indonesia 4.25% 10/31/24 (b)		9,045,000	9,340,658
TOTAL INDONESIA			15,645,131
Ireland - 0.7%
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b)		3,820,000	4,082,625
Celtic Resources Holdings DAC 4.125% 10/9/24 (b)		5,060,000	5,322,877
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b)		7,080,000	7,304,294
Sibur Securities DAC 2.95% 7/8/25 (b)		2,610,000	2,665,463
TOTAL IRELAND			19,375,259
Isle of Man - 0.2%
Sasol Financing International PLC 4.5% 11/14/22		5,890,000	6,037,250
Israel - 1.0%
Delek Overriding Royalty Levia 7.494% 12/30/23 (Reg. S) (b)		8,695,000	8,886,290
Energean Israel Finance Ltd. 4.875% 3/30/26 (Reg. S) (b)		6,420,000	6,572,603
Leviathan Bond Ltd.:
5.75% 6/30/23 (Reg. S) (b)		4,240,000	4,431,767
6.125% 6/30/25 (Reg. S) (b)		5,570,000	6,120,038
TOTAL ISRAEL			26,010,698
Kazakhstan - 0.3%
KazMunaiGaz National Co.:
3.5% 4/14/33 (b)		3,900,000	4,039,181
4.75% 4/24/25 (b)		1,205,000	1,349,073
5.75% 4/19/47 (b)		1,965,000	2,441,513
TOTAL KAZAKHSTAN			7,829,767
Luxembourg - 2.4%
Adecoagro SA 6% 9/21/27 (b)		7,820,000	8,241,791
Alrosa Finance SA 3.1% 6/25/27 (b)		2,610,000	2,675,250
B2W Digital Lux SARL 4.375% 12/20/30 (b)		8,420,000	8,400,003
FEL Energy VI SARL 5.75% 12/1/40 (b)		3,272,290	3,465,151
Guara Norte SARL 5.198% 6/15/34 (b)		5,530,293	5,723,853
MHP SA 7.75% 5/10/24 (b)		3,960,000	4,301,550
Millicom International Cellular SA 4.5% 4/27/31 (b)		4,710,000	4,899,283
Petrorio Luxembourg SARL 6.125% 6/9/26 (b)		4,950,000	5,057,663
SB Capital SA 5.125% 10/29/22 (b)		2,725,000	2,843,878
TMK Capital SA 4.3% 2/12/27 (Reg. S)		4,020,000	4,033,316
Tupy Overseas SA 4.5% 2/16/31 (b)		5,120,000	5,087,360
Usiminas International SARL 5.875% 7/18/26 (b)		6,415,000	6,945,039
VM Holding SA 6.5% 1/18/28 (b)		3,375,000	3,783,797
TOTAL LUXEMBOURG			65,457,934
Malaysia - 0.4%
GENM Capital Labuan Ltd. 3.882% 4/19/31 (b)		6,685,000	6,670,748
Petronas Capital Ltd. 3.5% 4/21/30 (b)		2,620,000	2,867,957
TOTAL MALAYSIA			9,538,705
Marshall Islands - 0.1%
Navios South American Logistics, Inc./Navios Logistics Finance U.S., Inc. 10.75% 7/1/25 (b)		2,455,000	2,694,363
Mauritius - 0.4%
HTA Group Ltd. 7% 12/18/25 (b)		5,190,000	5,508,861
MTN (Mauritius) Investments Ltd. 6.5% 10/13/26 (b)		3,630,000	4,203,540
TOTAL MAURITIUS			9,712,401
Mexico - 6.2%
Aerovias de Mexico SA de CV 7% 2/5/25 (b)(c)		1,615,000	1,267,775
Axtel S.A.B. de CV 6.375% 11/14/24 (b)		960,000	1,000,980
Braskem Idesa SAPI 7.45% 11/15/29 (b)		1,410,000	1,493,983
CEMEX S.A.B. de CV 3.875% 7/11/31 (b)		2,655,000	2,685,533
Metalsa SA de CV 3.75% 5/4/31 (b)		5,150,000	5,104,294
Orbia Advance Corp. S.A.B. de CV 1.875% 5/11/26 (b)		3,100,000	3,114,531
Petroleos Mexicanos:
3 month U.S. LIBOR + 3.650% 3.7748% 3/11/22 (d)(e)		4,950,000	4,992,075
3.5% 1/30/23		7,330,000	7,461,940
4.875% 1/24/22		9,840,000	10,014,045
4.875% 1/18/24		27,160,000	28,453,495
5.375% 3/13/22		4,290,000	4,389,743
6.5% 3/13/27		2,695,000	2,864,785
6.5% 6/2/41		2,085,000	1,869,724
6.625% 6/15/35		21,915,000	21,095,927
6.75% 9/21/47		8,752,000	7,679,880
6.875% 10/16/25 (b)		3,240,000	3,574,530
6.95% 1/28/60		1,655,000	1,462,606
7.69% 1/23/50		44,374,000	42,543,573
8.625% 2/1/22		3,625,000	3,764,336
8.625% 12/1/23 (d)		930,000	1,007,306
TV Azteca SA de CV 8.25% 8/9/24 (Reg. S) (c)		26,175,000	12,989,344
Unifin Financiera S.A.B. de CV 7.25% 9/27/23 (b)		120,000	117,323
TOTAL MEXICO			168,947,728
Mongolia - 0.1%
Development Bank of Mongolia 7.25% 10/23/23 (b)		1,405,000	1,514,590
Morocco - 0.2%
OCP SA:
3.75% 6/23/31 (b)		3,700,000	3,741,625
4.5% 10/22/25 (b)		1,280,000	1,380,800
6.875% 4/25/44 (b)		1,260,000	1,536,649
TOTAL MOROCCO			6,659,074
Multi-National - 0.2%
JBS U.S.A. Lux SA / JBS Food Co. 6.5% 4/15/29 (b)		2,150,000	2,426,813
Promigas SA ESP/Gases del Pacifico SAC 3.75% 10/16/29 (b)		3,830,000	3,778,008
TOTAL MULTI-NATIONAL			6,204,821
Netherlands - 4.8%
Bharti Airtel International BV 5.35% 5/20/24 (b)		3,745,000	4,122,796
Cimpor Financial Operations BV 5.75% 7/17/24 (b)		4,900,000	4,753,000
Embraer Netherlands Finance BV 5.05% 6/15/25		8,025,000	8,471,591
Equate Petrochemical BV 2.625% 4/28/28 (b)		3,085,000	3,114,886
IHS Netherlands Holdco BV 7.125% 3/18/25 (b)		12,600,000	13,086,675
Kazakhstan Temir Zholy Finance BV 6.95% 7/10/42 (b)		1,375,000	1,885,727
Lukoil International Finance BV 4.75% 11/2/26 (b)		2,235,000	2,512,699
Lukoil Securities BV 3.875% 5/6/30 (b)		1,225,000	1,293,906
MDC GMTN BV 2.875% 11/7/29 (b)		6,010,000	6,305,993
Metinvest BV 7.75% 4/23/23 (b)		9,546,000	10,195,510
Nostrum Oil & Gas Finance BV 8% 7/25/22 (b)(c)		30,870,000	8,479,603
Petrobras Global Finance BV:
6.75% 6/3/50		6,745,000	7,845,278
6.875% 1/20/40		6,673,000	7,998,425
8.75% 5/23/26		8,405,000	10,804,628
Prosus NV:
2.031% 8/3/32 (Reg. S)	EUR	2,395,000	2,906,431
3.68% 1/21/30 (b)		4,225,000	4,515,469
4.027% 8/3/50 (b)		6,840,000	6,532,200
SABIC Capital II BV 4% 10/10/23 (b)		8,080,000	8,663,275
Teva Pharmaceutical Finance Netherlands III BV 2.8% 7/21/23		2,940,000	2,929,681
VimpelCom Holdings BV:
3.375% 11/25/27 (b)		4,720,000	4,748,320
7.25% 4/26/23 (b)		5,070,000	5,500,463
VTR Finance BV 6.375% 7/15/28 (b)		3,655,000	3,883,438
TOTAL NETHERLANDS			130,549,994
Oman - 0.1%
Oman Oil Co. 5.125% 5/6/28 (b)		1,655,000	1,666,171
Panama - 0.2%
Cable Onda SA 4.5% 1/30/30 (b)		6,015,000	6,324,397
Paraguay - 0.2%
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b)		5,285,000	5,548,589
Peru - 0.3%
Camposol SA 6% 2/3/27 (b)		2,578,000	2,676,286
Telefonica del Peru SA 7.375% 4/10/27 (b)	PEN	11,010,000	2,860,560
Volcan Compania Minera SAA 4.375% 2/11/26 (b)		2,125,000	2,093,125
TOTAL PERU			7,629,971
Qatar - 0.8%
Qatar Petroleum:
1.375% 9/12/26 (b)(f)		5,870,000	5,861,195
2.25% 7/12/31 (b)(f)		10,175,000	10,108,863
3.3% 7/12/51 (b)(f)		6,870,000	6,870,000
TOTAL QATAR			22,840,058
Saudi Arabia - 1.7%
Saudi Arabian Oil Co.:
1.625% 11/24/25 (b)		4,335,000	4,363,828
3.5% 4/16/29 (b)		21,920,000	23,711,960
4.25% 4/16/39 (b)		13,025,000	14,554,786
4.375% 4/16/49 (b)		4,080,000	4,686,900
TOTAL SAUDI ARABIA			47,317,474
Singapore - 0.4%
Indika Energy Capital IV Pte Ltd. 8.25% 10/22/25 (b)		3,995,000	4,234,700
Medco Oak Tree Pte Ltd. 7.375% 5/14/26 (b)		1,225,000	1,333,948
Medco Platinum Road Pte Ltd. 6.75% 1/30/25 (b)		4,080,000	4,277,115
TOTAL SINGAPORE			9,845,763
South Africa - 0.4%
Eskom Holdings SOC Ltd. 6.75% 8/6/23 (b)		10,990,000	11,476,308
Spain - 0.3%
EnfraGen Energia Sur SA 5.375% 12/30/30 (b)		6,880,000	6,845,600
Thailand - 0.1%
PTT Treasury Center Co. Ltd. 3.7% 7/16/70 (b)		2,635,000	2,637,964
Tunisia - 0.0%
Banque Centrale de Tunisie 5.75% 1/30/25 (b)		485,000	452,202
Turkey - 0.7%
Petkim Petrokimya Holding A/S 5.875% 1/26/23 (b)		8,260,000	8,456,175
T.C. Ziraat Bankasi A/S 5.125% 5/3/22 (b)		6,135,000	6,237,761
Turk Sise ve Cam Fabrikalari A/S 6.95% 3/14/26 (b)		5,110,000	5,685,833
TOTAL TURKEY			20,379,769
United Arab Emirates - 0.4%
Abu Dhabi National Energy Co. PJSC:
4% 10/3/49 (b)		1,665,000	1,899,973
4.875% 4/23/30 (b)		1,075,000	1,299,272
ADES International Holding Ltd. 8.625% 4/24/24 (b)		6,560,000	6,773,200
DP World Ltd. 5.625% 9/25/48 (b)		1,795,000	2,240,721
TOTAL UNITED ARAB EMIRATES			12,213,166
United Kingdom - 1.9%
Antofagasta PLC 2.375% 10/14/30 (b)		8,065,000	7,750,465
Biz Finance PLC 9.625% 4/27/22 (b)		2,037,167	2,103,757
Fresnillo PLC 4.25% 10/2/50 (b)		3,940,000	3,980,631
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b)		6,725,000	6,857,398
NAK Naftogaz Ukraine:
7.375% 7/19/22 (Reg. S)		6,785,000	6,964,378
7.625% 11/8/26 (b)		2,455,000	2,536,782
Oschadbank Via SSB #1 PLC 9.375% 3/10/23 (b)		1,533,000	1,605,147
Tullow Oil PLC 10.25% 5/15/26 (b)		11,835,000	12,403,672
Vedanta Resources PLC 6.375% 7/30/22 (b)		7,681,000	7,567,225
TOTAL UNITED KINGDOM			51,769,455
United States of America - 3.3%
Azul Investments LLP:
5.875% 10/26/24 (b)		8,815,000	8,534,022
7.25% 6/15/26 (b)		2,900,000	2,842,000
BBVA Bancomer SA Texas Branch 6.75% 9/30/22 (b)		3,450,000	3,663,210
Citgo Holding, Inc. 9.25% 8/1/24 (b)		5,685,000	5,798,700
DAE Funding LLC 1.55% 8/1/24 (b)		2,875,000	2,869,164
JBS U.S.A. Food Co.:
5.75% 1/15/28 (b)		6,540,000	6,995,969
7% 1/15/26 (b)		6,390,000	6,773,400
Kosmos Energy Ltd. 7.125% 4/4/26 (b)		18,315,000	17,968,847
MercadoLibre, Inc.:
2.375% 1/14/26		1,965,000	1,972,369
3.125% 1/14/31		2,200,000	2,150,500
NBM U.S. Holdings, Inc. 6.625% 8/6/29 (b)		6,220,000	6,964,845
Sasol Financing U.S.A. LLC:
4.375% 9/18/26		7,025,000	7,244,531
5.875% 3/27/24		1,515,000	1,614,233
Stillwater Mining Co. 6.125% 6/27/22 (b)		15,795,000	15,832,513
TOTAL UNITED STATES OF AMERICA			91,224,303
Uzbekistan - 0.1%
National Bank of Uzbekistan 4.85% 10/21/25 (Reg. S)		2,025,000	2,122,200
Venezuela - 0.0%
Petroleos de Venezuela SA:
5.375% 4/12/27 (c)		5,000,000	212,500
5.5% 4/12/37 (c)		330,000	13,200
6% 5/16/24 (b)(c)		9,685,000	387,400
6% 11/15/26 (b)(c)		12,130,000	515,525
9.75% 5/17/35 (b)(c)		1,315,000	52,600
12.75% 2/17/22 (b)(c)		1,310,000	52,400
TOTAL VENEZUELA			1,233,625
TOTAL NONCONVERTIBLE BONDS
(Cost $1,148,893,906)			1,129,001,602
Government Obligations - 44.2%
Angola - 0.6%
Angola Republic:
8.25% 5/9/28 (b)		3,125,000	3,257,422
9.375% 5/8/48 (b)		965,000	1,008,003
9.5% 11/12/25 (b)		11,365,000	12,464,564
TOTAL ANGOLA			16,729,989
Argentina - 2.5%
Argentine Republic:
0.125% 7/9/30 (g)		78,122,307	28,006,847
0.125% 7/9/35 (g)		30,737,842	9,728,527
0.125% 1/9/38 (g)		9,996,530	3,753,697
1% 7/9/29		8,355,564	3,162,581
Province of Santa Fe 7% 3/23/23 (b)		8,750,000	8,194,922
Provincia de Cordoba:
5% 12/10/25 (b)(g)		14,329,714	11,009,698
5% 6/1/27 (b)(g)		5,681,546	3,837,884
TOTAL ARGENTINA			67,694,156
Armenia - 0.1%
Republic of Armenia 7.15% 3/26/25 (b)		1,235,000	1,396,553
Barbados - 0.4%
Barbados Government 6.5% 10/1/29 (b)		9,940,000	10,003,989
Belarus - 0.2%
Belarus Republic 6.875% 2/28/23 (b)		4,500,000	4,443,188
Benin - 0.4%
Republic of Benin:
4.875% 1/19/32 (b)	EUR	5,880,000	6,961,316
5.75% 3/26/26 (b)	EUR	2,965,000	3,798,767
TOTAL BENIN			10,760,083
Bermuda - 0.6%
Bermuda Government:
2.375% 8/20/30 (b)		520,000	519,123
3.375% 8/20/50 (b)		1,825,000	1,844,961
3.717% 1/25/27 (b)		7,540,000	8,224,726
4.75% 2/15/29 (b)		4,160,000	4,853,680
TOTAL BERMUDA			15,442,490
Brazil - 1.9%
Brazilian Federative Republic:
2.875% 6/6/25		13,455,000	13,831,740
3.75% 9/12/31		4,020,000	3,965,730
3.875% 6/12/30		8,540,000	8,624,333
4.75% 1/14/50		1,695,000	1,646,587
7.125% 1/20/37		6,420,000	8,156,610
8.25% 1/20/34		12,015,000	16,684,329
TOTAL BRAZIL			52,909,329
Cameroon - 0.3%
Cameroon Republic 0% 7/7/32 (b)	EUR	6,435,000	7,630,301
Chile - 0.1%
Chilean Republic 3.86% 6/21/47		2,265,000	2,492,633
China - 0.2%
Peoples Republic of China 1.2% 10/21/30 (b)		4,895,000	4,719,172
Colombia - 1.2%
Colombian Republic:
3% 1/30/30		5,600,000	5,473,300
3.125% 4/15/31		6,095,000	5,953,291
3.25% 4/22/32		6,755,000	6,603,013
4.125% 5/15/51		2,555,000	2,420,543
5% 6/15/45		9,880,000	10,474,653
6.125% 1/18/41		440,000	520,795
7.375% 9/18/37		1,575,000	2,070,436
TOTAL COLOMBIA			33,516,031
Costa Rica - 0.2%
Costa Rican Republic:
5.625% 4/30/43 (b)		1,910,000	1,765,914
6.125% 2/19/31 (b)		2,400,000	2,537,700
7% 4/4/44 (b)		585,000	604,488
TOTAL COSTA RICA			4,908,102
Dominican Republic - 1.7%
Dominican Republic:
4.875% 9/23/32 (b)		9,085,000	9,357,550
5.875% 1/30/60 (b)		3,120,000	3,108,885
5.95% 1/25/27 (b)		6,410,000	7,211,250
6% 7/19/28 (b)		4,120,000	4,665,900
6.4% 6/5/49 (b)		1,825,000	1,964,498
6.5% 2/15/48 (b)		755,000	823,328
6.5% 2/15/48 (Reg. S)		1,530,000	1,668,465
6.85% 1/27/45 (b)		3,435,000	3,884,341
6.875% 1/29/26 (b)		7,420,000	8,587,723
7.45% 4/30/44 (b)		3,655,000	4,399,249
TOTAL DOMINICAN REPUBLIC			45,671,189
Ecuador - 0.4%
Ecuador Republic:
0.5% 7/31/30 (b)(g)		8,270,000	7,091,525
0.5% 7/31/35 (b)(g)		6,645,000	4,551,825
TOTAL ECUADOR			11,643,350
Egypt - 2.6%
Arab Republic of Egypt:
, yield at date of purchase 12.451% to 13.2498% 7/6/21 to 11/23/21	EGP	219,875,000	13,679,372
7.5% 1/31/27 (b)		32,960,000	36,993,480
7.6003% 3/1/29 (b)		5,785,000	6,350,122
7.903% 2/21/48 (b)		4,875,000	4,813,453
8.5% 1/31/47 (b)		7,395,000	7,701,430
8.7002% 3/1/49 (b)		1,150,000	1,213,106
TOTAL EGYPT			70,750,963
El Salvador - 0.4%
El Salvador Republic:
6.375% 1/18/27 (b)		810,000	731,025
7.1246% 1/20/50 (b)		2,600,000	2,216,500
7.625% 2/1/41 (b)		935,000	827,475
7.75% 1/24/23 (b)		7,730,000	7,633,375
TOTAL EL SALVADOR			11,408,375
Gabon - 0.2%
Gabonese Republic 6.375% 12/12/24 (b)		6,030,000	6,408,006
Georgia - 0.2%
Georgia Republic 2.75% 4/22/26 (b)		5,385,000	5,464,092
Ghana - 0.5%
Ghana Republic:
7.75% 4/7/29 (b)		6,200,000	6,329,813
8.125% 1/18/26 (b)		2,515,000	2,695,451
10.75% 10/14/30 (b)		4,110,000	5,183,224
TOTAL GHANA			14,208,488
Guatemala - 0.3%
Guatemalan Republic:
4.9% 6/1/30 (b)		475,000	532,238
5.375% 4/24/32 (b)		3,930,000	4,532,518
6.125% 6/1/50 (b)		2,620,000	3,184,610
TOTAL GUATEMALA			8,249,366
Honduras - 0.1%
Republic of Honduras 5.625% 6/24/30 (b)		2,105,000	2,200,778
Indonesia - 2.7%
Indonesian Republic:
3.85% 10/15/30		3,790,000	4,213,533
4.1% 4/24/28		7,530,000	8,505,606
4.35% 1/11/48		4,095,000	4,644,754
5.125% 1/15/45 (b)		9,585,000	11,857,244
5.25% 1/17/42 (b)		3,965,000	4,940,886
5.95% 1/8/46 (b)		4,505,000	6,193,812
6.625% 2/17/37 (b)		821,000	1,130,825
6.75% 1/15/44 (b)		3,710,000	5,476,424
7.75% 1/17/38 (b)		8,865,000	13,407,204
8.5% 10/12/35 (b)		9,215,000	14,737,089
TOTAL INDONESIA			75,107,377
Iraq - 0.2%
Republic of Iraq 5.8% 1/15/28 (Reg. S)		4,390,750	4,242,013
Israel - 0.3%
Israeli State 3.375% 1/15/50		6,775,000	7,237,462
Ivory Coast - 0.6%
Ivory Coast:
4.875% 1/30/32 (b)	EUR	1,975,000	2,335,709
5.875% 10/17/31 (b)	EUR	5,330,000	6,797,211
6.125% 6/15/33 (b)		1,845,000	1,947,398
6.375% 3/3/28 (b)		5,505,000	6,051,371
TOTAL IVORY COAST			17,131,689
Jamaica - 0.2%
Jamaican Government:
6.75% 4/28/28		2,175,000	2,544,478
7.875% 7/28/45		1,995,000	2,787,389
TOTAL JAMAICA			5,331,867
Jordan - 0.3%
Jordanian Kingdom:
4.95% 7/7/25 (b)		6,605,000	6,850,623
7.375% 10/10/47 (b)		1,240,000	1,298,358
TOTAL JORDAN			8,148,981
Kenya - 0.5%
Republic of Kenya:
6.875% 6/24/24 (b)		6,200,000	6,811,475
7% 5/22/27 (b)		6,360,000	6,979,305
TOTAL KENYA			13,790,780
Korea (South) - 0.2%
Korean Republic 1% 9/16/30		6,770,000	6,414,575
Lebanon - 0.1%
Lebanese Republic:
5.8% 12/31/49 (c)		7,337,000	902,451
6.375% 12/31/49 (c)		9,133,000	1,123,359
TOTAL LEBANON			2,025,810
Mexico - 1.7%
United Mexican States:
2.659% 5/24/31		5,750,000	5,614,516
3.25% 4/16/30		7,105,000	7,332,804
3.75% 1/11/28		6,690,000	7,305,898
4.5% 4/22/29		3,880,000	4,387,553
5.75% 10/12/2110		9,700,000	11,566,038
6.05% 1/11/40		7,695,000	9,653,858
TOTAL MEXICO			45,860,667
Mongolia - 0.2%
Mongolia Government:
3.5% 7/7/27 (b)		1,370,000	1,340,459
5.125% 4/7/26 (b)		4,285,000	4,552,813
TOTAL MONGOLIA			5,893,272
Morocco - 0.3%
Moroccan Kingdom:
2.375% 12/15/27 (b)		5,980,000	5,867,875
3% 12/15/32 (b)		1,340,000	1,293,100
4% 12/15/50 (b)		1,425,000	1,319,906
5.5% 12/11/42 (b)		850,000	964,378
TOTAL MOROCCO			9,445,259
Nigeria - 1.2%
Republic of Nigeria:
6.375% 7/12/23 (b)		4,390,000	4,696,751
6.5% 11/28/27 (b)		2,610,000	2,762,196
7.143% 2/23/30 (b)		3,780,000	3,983,884
7.625% 11/21/25 (b)		18,215,000	20,529,443
TOTAL NIGERIA			31,972,274
Oman - 1.0%
Sultanate of Oman:
3.875% 3/8/22 (b)		6,325,000	6,379,553
4.125% 1/17/23 (b)		3,485,000	3,584,758
6% 8/1/29 (b)		5,765,000	6,137,203
6.25% 1/25/31 (b)		1,275,000	1,363,852
6.75% 1/17/48 (b)		8,600,000	8,547,863
TOTAL OMAN			26,013,229
Pakistan - 0.5%
Islamic Republic of Pakistan:
6% 4/8/26 (b)		6,140,000	6,199,481
6.875% 12/5/27 (b)		2,635,000	2,731,013
8.25% 4/15/24 (b)		1,300,000	1,415,619
The Third Pakistan International Sukuk Co. Ltd. 5.5% 10/13/21 (b)		4,200,000	4,225,725
TOTAL PAKISTAN			14,571,838
Panama - 0.2%
Panamanian Republic:
2.252% 9/29/32		3,620,000	3,470,223
3.87% 7/23/60		2,685,000	2,737,525
TOTAL PANAMA			6,207,748
Paraguay - 0.5%
Republic of Paraguay:
2.739% 1/29/33 (b)		2,485,000	2,411,693
4.95% 4/28/31 (b)		5,505,000	6,323,181
5.4% 3/30/50 (b)		3,750,000	4,376,484
TOTAL PARAGUAY			13,111,358
Peru - 0.8%
Peruvian Republic:
2.783% 1/23/31		16,370,000	16,654,429
3.3% 3/11/41		1,485,000	1,502,078
3.55% 3/10/51		2,025,000	2,100,938
7.35% 7/21/25		2,010,000	2,461,999
TOTAL PERU			22,719,444
Qatar - 2.1%
State of Qatar:
3.75% 4/16/30 (b)		20,055,000	22,772,453
4% 3/14/29 (b)		5,630,000	6,480,130
4.4% 4/16/50 (b)		5,985,000	7,286,738
4.817% 3/14/49 (b)		9,275,000	11,937,505
5.103% 4/23/48 (b)		3,555,000	4,716,596
9.75% 6/15/30 (b)		3,415,000	5,443,297
TOTAL QATAR			58,636,719
Romania - 0.4%
Romanian Republic:
3% 2/14/31 (b)		6,709,000	6,957,652
4% 2/14/51 (b)		2,250,000	2,367,141
4.375% 8/22/23 (b)		2,395,000	2,587,049
TOTAL ROMANIA			11,911,842
Russia - 2.0%
Ministry of Finance of the Russian Federation:
4.25% 6/23/27(Reg. S)		5,400,000	6,024,713
4.375% 3/21/29(Reg. S)		6,400,000	7,209,600
5.1% 3/28/35 (b)		13,200,000	15,698,100
5.1% 3/28/35(Reg. S)		9,200,000	10,941,100
5.25% 6/23/47 (b)		5,600,000	7,043,050
5.25% 6/23/47(Reg. S)		3,600,000	4,527,675
5.625% 4/4/42 (b)		2,825,000	3,629,772
TOTAL RUSSIA			55,074,010
Rwanda - 0.4%
Rwanda Republic 6.625% 5/2/23 (b)		10,500,000	11,125,406
Saudi Arabia - 1.3%
Kingdom of Saudi Arabia:
2.25% 2/2/33 (b)		7,655,000	7,449,272
2.9% 10/22/25 (b)		6,140,000	6,569,800
3.625% 3/4/28 (b)		3,515,000	3,872,651
3.75% 1/21/55 (b)		2,915,000	3,080,426
4% 4/17/25 (b)		3,905,000	4,308,435
4.5% 10/26/46 (b)		2,365,000	2,778,875
4.5% 4/22/60 (b)		2,545,000	3,080,723
4.625% 10/4/47 (b)		3,295,000	3,941,644
TOTAL SAUDI ARABIA			35,081,826
Serbia - 0.1%
Republic of Serbia 2.125% 12/1/30 (b)		3,825,000	3,628,491
Sri Lanka - 0.2%
Democratic Socialist Republic of Sri Lanka:
7.55% 3/28/30 (b)		1,745,000	1,103,494
7.85% 3/14/29 (b)		4,750,000	3,005,266
TOTAL SRI LANKA			4,108,760
Turkey - 4.6%
Turkish Republic:
3.25% 3/23/23		29,355,000	29,305,463
4.25% 3/13/25		7,465,000	7,324,098
4.25% 4/14/26		2,455,000	2,354,959
4.75% 1/26/26		7,795,000	7,665,895
4.875% 10/9/26		4,595,000	4,491,038
4.875% 4/16/43		7,940,000	6,318,751
5.125% 3/25/22		21,935,000	22,398,377
5.125% 6/22/26 (b)		3,105,000	3,100,925
5.125% 2/17/28		5,960,000	5,778,593
5.75% 3/22/24		3,245,000	3,364,254
5.75% 5/11/47		7,425,000	6,347,447
6% 1/14/41		1,850,000	1,668,238
6.25% 9/26/22		13,720,000	14,268,800
6.35% 8/10/24		3,290,000	3,443,808
6.375% 10/14/25		8,255,000	8,635,762
TOTAL TURKEY			126,466,408
Ukraine - 3.4%
Ukraine Government:
1.258% 5/31/40 (b)(d)		2,360,000	2,790,405
6.876% 5/21/29 (b)		1,910,000	1,986,400
7.253% 3/15/33 (b)		6,695,000	6,961,963
7.375% 9/25/32 (b)		3,310,000	3,474,052
7.75% 9/1/21 (b)		40,372,000	40,758,057
7.75% 9/1/22 (b)		6,807,000	7,143,947
7.75% 9/1/23 (b)		11,625,000	12,525,938
7.75% 9/1/24 (b)		12,685,000	13,836,957
7.75% 9/1/26 (b)		2,195,000	2,422,457
7.75% 9/1/27 (b)		1,360,000	1,494,555
TOTAL UKRAINE			93,394,731
United Arab Emirates - 1.5%
Emirate of Abu Dhabi:
1.7% 3/2/31 (b)		6,640,000	6,400,960
2.5% 4/16/25 (b)		5,860,000	6,224,419
3.125% 4/16/30 (b)		8,570,000	9,308,627
3.125% 9/30/49 (b)		10,540,000	10,742,895
3.875% 4/16/50 (b)		7,190,000	8,299,058
Emirate of Dubai 3.9% 9/9/50 (Reg. S)		850,000	795,813
TOTAL UNITED ARAB EMIRATES			41,771,772
Uruguay - 0.4%
Uruguay Republic 5.1% 6/18/50		7,730,000	10,120,503
Uzbekistan - 0.2%
Republic of Uzbekistan:
3.7% 11/25/30 (b)		3,090,000	3,078,219
4.75% 2/20/24 (b)		2,495,000	2,651,405
TOTAL UZBEKISTAN			5,729,624
Venezuela - 0.2%
Venezuelan Republic:
9.25% 9/15/27 (c)		32,390,000	3,239,000
11.95% 8/5/31 (Reg. S) (c)		14,080,000	1,425,600
12.75% 8/23/22 (c)		2,705,000	270,500
TOTAL VENEZUELA			4,935,100
Vietnam - 0.8%
Vietnamese Socialist Republic 5.5% 3/12/28		22,889,616	22,979,744
TOTAL GOVERNMENT OBLIGATIONS
(Cost $1,208,432,890)			1,208,841,202
Preferred Securities - 4.3%
British Virgin Islands - 0.2%
CAS Capital No 1 Ltd. 4% (Reg. S) (d)(h)		4,095,000	4,188,303
Cayman Islands - 2.0%
Banco Do Brasil SA 6.25% (b)(d)(h)		6,305,000	6,536,071
Banco Mercantil del Norte SA:
6.75% (b)(d)(h)		3,940,000	4,238,390
6.875% (b)(d)(h)		7,015,000	7,359,914
7.625% (b)(d)(h)		2,830,000	3,246,760
Cosan Overseas Ltd. 8.25% (h)		21,391,000	22,163,023
DP World Salaam 6% (Reg. S) (d)(h)		2,190,000	2,471,278
Itau Unibanco Holding SA 6.125% (b)(d)(h)		7,925,000	8,048,093
Odebrecht Holdco Finance Ltd. 0% 9/10/58 (b)		31,076,859	310,769
OEC Finance Ltd. 7.5% pay-in-kind (b)(h)		12,566,082	1,438,372
TOTAL CAYMAN ISLANDS			55,812,670
Georgia - 0.0%
Georgia Bank Joint Stock Co. 11.125% (Reg. S) (d)(h)		1,300,000	1,404,617
Ireland - 0.8%
Alfa Bond Issuance PLC:
6.95% (Reg. S) (d)(h)		1,300,000	1,364,383
8% (Reg. S) (d)(h)		8,887,000	9,180,392
Tinkoff Credit Systems 9.25% (Reg. S) (d)(h)		9,739,000	10,263,900
TOTAL IRELAND			20,808,675
Mauritius - 0.1%
Network i2i Ltd. 5.65% (b)(d)(h)		2,953,000	3,187,429
Mexico - 0.2%
CEMEX S.A.B. de CV 5.125% (b)(d)(h)		6,660,000	6,883,131
United Arab Emirates - 0.6%
Emirates NBD Bank PJSC 6.125% (Reg. S) (d)(h)		6,975,000	7,632,958
NBK Tier 1 Financing 2 Ltd. 4.5% (b)(d)(h)		5,155,000	5,410,010
NBK Tier 1 Financing Ltd. 3.625% (b)(d)(h)		2,595,000	2,638,544
TOTAL UNITED ARAB EMIRATES			15,681,512
United Kingdom - 0.2%
Gazprom PJSC Via Gaz Finance PLC 4.5985% (b)(d)(h)		5,160,000	5,448,659
United States of America - 0.2%
BBVA Bancomer SA Texas Branch:
5.125% 1/18/33 (b)(d)		2,725,000	2,899,359
5.35% 11/12/29 (b)(d)		2,030,000	2,153,057
TOTAL UNITED STATES OF AMERICA			5,052,416
TOTAL PREFERRED SECURITIES
(Cost $131,041,769)			118,467,412
		Shares	Value
Money Market Funds - 9.6%
Fidelity Cash Central Fund 0.06% (i)
(Cost $261,407,812)		261,356,032	261,408,304
TOTAL INVESTMENT IN SECURITIES - 99.4%
(Cost $2,749,776,377)			2,717,718,520
NET OTHER ASSETS (LIABILITIES) - 0.6%			15,578,775
NET ASSETS - 100%			$2,733,297,295

Currency Abbreviations

EGP – Egyptian pound

EUR – European Monetary Unit

PEN – Peruvian new sol

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 $1,629,636,486 or 59.6% of net assets.

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

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

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

 (f) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

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

 (i) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund	Income earned
Fidelity Cash Central Fund	$96,913
Total	$96,913

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Fund	Value, beginning of period	Purchases	Sales Proceeds	Realized Gain/Loss	Change in Unrealized appreciation (depreciation)	Value, end of period	% ownership, end of period
Fidelity Cash Central Fund 0.06%	$276,040,856	$1,207,734,019	$1,222,372,295	$5,724	$--	$261,408,304	0.4%
Total	$276,040,856	$1,207,734,019	$1,222,372,295	$5,724	$--	$261,408,304

Investment Valuation

The following is a summary of the inputs used, as of June 30, 2021, 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. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

	Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Corporate Bonds	$1,129,001,602	$--	$1,129,001,602	$--
Government Obligations	1,208,841,202	--	1,208,841,202	--
Preferred Securities	118,467,412	--	118,467,412	--
Money Market Funds	261,408,304	261,408,304	--	--
Total Investments in Securities:	$2,717,718,520	$261,408,304	$2,456,310,216	$--

Other Information

The composition of credit quality ratings as a percentage of Total Net Assets is as follows (Unaudited):

AAA,AA,A	12.6%
BBB	12.2%
BB	27.0%
B	24.2%
CCC,CC,C	6.9%
D	0.1%
Not Rated	7.5%
Short-Term Investments and Net Other Assets	9.5%
	100%

We have used ratings from Moody's Investors Service, Inc. Where Moody's^® ratings are not available, we have used S&P^® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

See accompanying notes which are an integral part of the financial statements.

Fidelity® Emerging Markets Debt Central Fund

Financial Statements

Statement of Assets and Liabilities

		June 30, 2021 (Unaudited)
Assets
Investment in securities, at value — See accompanying schedule: Unaffiliated issuers (cost $2,488,368,565)	$2,456,310,216
Fidelity Central Funds (cost $261,407,812)	261,408,304
Total Investment in Securities (cost $2,749,776,377)		$2,717,718,520
Cash		1,734,135
Foreign currency held at value (cost $618)		617
Receivable for investments sold		19,355,797
Receivable for fund shares sold		46,274
Interest receivable		33,440,378
Distributions receivable from Fidelity Central Funds		10,564
Total assets		2,772,306,285
Liabilities
Payable for investments purchased
Regular delivery	$16,051,064
Delayed delivery	22,801,263
Payable for fund shares redeemed	126,562
Other payables and accrued expenses	30,101
Total liabilities		39,008,990
Net Assets		$2,733,297,295
Net Assets consist of:
Paid in capital		$2,830,108,340
Total accumulated earnings (loss)		(96,811,045)
Net Assets		$2,733,297,295
Net Asset Value, offering price and redemption price per share ($2,733,297,295 ÷ 296,547,809 shares)		$9.22

See accompanying notes which are an integral part of the financial statements.

Statement of Operations

		Six months ended June 30, 2021 (Unaudited)
Investment Income
Dividends		$3,395,501
Interest		61,319,636
Income from Fidelity Central Funds		96,913
Income before foreign taxes withheld		64,812,050
Less foreign taxes withheld		(89,215)
Total income		64,722,835
Expenses
Custodian fees and expenses	$37,891
Independent trustees' fees and expenses	4,595
Total expenses before reductions	42,486
Expense reductions	(254)
Total expenses after reductions		42,232
Net investment income (loss)		64,680,603
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers	(6,915,511)
Fidelity Central Funds	5,724
Foreign currency transactions	(265,366)
Total net realized gain (loss)		(7,175,153)
Change in net unrealized appreciation (depreciation) on:
Investment securities:
Unaffiliated issuers	(43,602,748)
Assets and liabilities in foreign currencies	(19,813)
Total change in net unrealized appreciation (depreciation)		(43,622,561)
Net gain (loss)		(50,797,714)
Net increase (decrease) in net assets resulting from operations		$13,882,889

See accompanying notes which are an integral part of the financial statements.

Statement of Changes in Net Assets

	Six months ended June 30, 2021 (Unaudited)	Year ended December 31, 2020
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$64,680,603	$149,268,601
Net realized gain (loss)	(7,175,153)	(89,517,940)
Change in net unrealized appreciation (depreciation)	(43,622,561)	55,701,495
Net increase (decrease) in net assets resulting from operations	13,882,889	115,452,156
Distributions to shareholders	(56,567,547)	(134,978,468)
Share transactions
Proceeds from sales of shares	127,223,873	41,665,538
Reinvestment of distributions	56,567,547	134,978,468
Cost of shares redeemed	(159,568,104)	(341,612,738)
Net increase (decrease) in net assets resulting from share transactions	24,223,316	(164,968,732)
Total increase (decrease) in net assets	(18,461,342)	(184,495,044)
Net Assets
Beginning of period	2,751,758,637	2,936,253,681
End of period	$2,733,297,295	$2,751,758,637
Other Information
Shares
Sold	14,021,120	4,543,269
Issued in reinvestment of distributions	6,176,572	15,156,172
Redeemed	(17,266,082)	(37,154,681)
Net increase (decrease)	2,931,610	(17,455,240)

See accompanying notes which are an integral part of the financial statements.

Financial Highlights

Fidelity Emerging Markets Debt Central Fund

	Six months ended (Unaudited) June 30,	Years endedDecember 31,
	2021	2020	2019	2018	2017	2016
Selected Per–Share Data
Net asset value, beginning of period	$9.37	$9.44	$9.11	$10.11	$9.81	$9.04
Income from Investment Operations
Net investment income (loss)A	.219	.501	.582	.564	.686	.754
Net realized and unrealized gain (loss)	(.178)	(.119)	.353	(1.013)	.370	.707
Total from investment operations	.041	.382	.935	(.449)	1.056	1.461
Distributions from net investment income	(.191)	(.452)	(.548)	(.551)	(.730)	(.691)
Distributions from net realized gain	–	–	(.057)	–	(.026)	–
Total distributions	(.191)	(.452)	(.605)	(.551)	(.756)	(.691)
Net asset value, end of period	$9.22	$9.37	$9.44	$9.11	$10.11	$9.81
Total ReturnB,C	.47%	4.42%	10.48%	(4.52)%	10.99%	16.50%
Ratios to Average Net AssetsD,E
Expenses before reductions	- %F,G	- %G	- %G	.01%	.01%	.01%
Expenses net of fee waivers, if any	- %F,G	- %G	- %G	.01%	.01%	.01%
Expenses net of all reductions	- %F,G	- %G	- %G	- %G	.01%	.01%
Net investment income (loss)	4.80%F	5.59%	6.23%	5.91%	6.76%	7.80%
Supplemental Data
Net assets, end of period (000 omitted)	$2,733,297	$2,751,759	$2,936,254	$128,495	$133,138	$116,523
Portfolio turnover rateH	38%F	89%	72%I	40%	57%	48%

 ^A Calculated based on average shares outstanding during the period.

 ^B Total returns for periods of less than one year are not annualized.

 ^C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

 ^D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 ^E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 ^F Annualized

 ^G Amount represents less than .005%.

 ^H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

 ^I Portfolio turnover rate excludes securities received or delivered in-kind.

See accompanying notes which are an integral part of the financial statements.

Fidelity® Emerging Markets Debt Local Currency Central Fund

Investment Summary (Unaudited)

Top Five Countries as of June 30, 2021

(excluding cash equivalents)	% of fund's net assets
China	12.4
Brazil	9.5
Indonesia	8.6
Mexico	8.5
South Africa	7.7

Percentages are adjusted for the effect of futures contracts, if applicable.

Top Five Holdings as of June 30, 2021

(by issuer, excluding cash equivalents)	% of fund's net assets
Peoples Republic of China	12.4
Indonesian Republic	8.6
United Mexican States	8.5
South African Republic	7.7
Brazilian Federative Republic	7.2
	44.4

Asset Allocation (% of fund's net assets)

As of June 30, 2021
	Government Obligations	88.2%
	Supranational Obligations	1.2%
	Short-Term Investments and Net Other Assets (Liabilities)	10.6%

Fidelity® Emerging Markets Debt Local Currency Central Fund

Schedule of Investments June 30, 2021 (Unaudited)

Showing Percentage of Net Assets

Foreign Government and Government Agency Obligations - 88.2%
		Principal Amount(a)	Value
Brazil - 9.5%
Brazil Letras Do Tesouro Nacio, yield at date of purchase 5.1772% to 6.2765% 7/1/23 to 1/1/24	BRL	$21,500,000	$3,712,767
Brazilian Federative Republic:
10% 1/1/23	BRL	19,750,000	4,122,194
10% 1/1/25	BRL	20,000,000	4,243,486
10% 1/1/27	BRL	7,000,000	1,491,817
10% 1/1/29	BRL	5,000,000	1,068,411
10% 1/1/31	BRL	2,000,000	423,846
TOTAL BRAZIL			15,062,521
Chile - 2.4%
Bonos de La Tesoreria de La Republica de Chile:
4.5% 3/1/26	CLP	2,025,000,000	2,873,966
5% 3/1/35	CLP	675,000,000	920,610
TOTAL CHILE			3,794,576
China - 12.4%
Peoples Republic of China:
2.36% 7/2/23	CNY	32,000,000	4,921,323
2.68% 5/21/30	CNY	19,000,000	2,828,460
2.88% 11/5/23	CNY	41,500,000	6,450,423
3.28% 12/3/27	CNY	33,000,000	5,176,240
3.81% 9/14/50	CNY	2,500,000	395,813
TOTAL CHINA			19,772,259
Colombia - 4.1%
Colombian Republic 7.5% 8/26/26	COP	8,400,000,000	2,364,668
Titulos de Tesoreria B:
5.75% 11/3/27	COP	8,000,000,000	2,038,135
7% 6/30/32	COP	8,100,000,000	2,097,906
TOTAL COLOMBIA			6,500,709
Czech Republic - 2.7%
Czech Republic:
0.95% 5/15/30 (Reg. S)	CZK	34,000,000	1,469,484
1.2% 3/13/31	CZK	25,000,000	1,097,939
2% 10/13/33	CZK	36,000,000	1,699,913
TOTAL CZECH REPUBLIC			4,267,336
Dominican Republic - 1.1%
Dominican Republic:
8.9% 2/15/23(Reg. S)	DOP	77,000,000	1,413,957
9.75% 6/5/26 (Reg. S)	DOP	20,000,000	393,458
TOTAL DOMINICAN REPUBLIC			1,807,415
Hungary - 3.4%
Hungarian Republic:
3% 10/27/38	HUF	70,000,000	229,349
3.25% 10/22/31	HUF	223,000,000	796,450
5.5% 6/24/25	HUF	370,000,000	1,417,531
6.75% 10/22/28	HUF	685,000,000	2,981,953
TOTAL HUNGARY			5,425,283
Indonesia - 8.6%
Indonesian Republic:
6.5% 6/15/25	IDR	16,000,000,000	1,155,862
8.125% 5/15/24	IDR	12,000,000,000	901,241
8.25% 5/15/29	IDR	35,250,000,000	2,702,095
8.25% 5/15/36	IDR	41,750,000,000	3,152,845
8.375% 9/15/26	IDR	40,000,000,000	3,091,034
8.375% 3/15/34	IDR	36,000,000,000	2,737,241
TOTAL INDONESIA			13,740,318
Malaysia - 4.9%
Malaysian Government:
3.828% 7/5/34	MYR	4,600,000	1,103,654
3.885% 8/15/29	MYR	11,000,000	2,782,872
3.899% 11/16/27	MYR	10,000,000	2,538,223
4.065% 6/15/50	MYR	3,250,000	752,318
4.762% 4/7/37	MYR	2,200,000	572,130
TOTAL MALAYSIA			7,749,197
Mexico - 8.5%
United Mexican States:
5.75% 3/5/26	MXN	65,000,000	3,175,166
7.75% 11/23/34	MXN	28,000,000	1,480,573
7.75% 11/13/42	MXN	50,000,000	2,570,984
8% 12/7/23	MXN	75,500,000	3,973,323
8.5% 5/31/29	MXN	43,000,000	2,373,504
TOTAL MEXICO			13,573,550
Peru - 2.0%
Peruvian Republic:
5.4% 8/12/34(Reg. S)	PEN	6,000,000	1,472,991
6.35% 8/12/28	PEN	4,250,000	1,233,066
6.95% 8/12/31	PEN	1,750,000	509,830
TOTAL PERU			3,215,887
Philippines - 0.1%
Philippine Republic 6.25% 1/14/36	PHP	10,000,000	242,951
Poland - 3.9%
Polish Government:
1.25% 10/25/30	PLN	2,000,000	507,852
2.25% 10/25/24	PLN	3,550,000	977,046
2.5% 7/25/26	PLN	10,200,000	2,836,820
2.75% 10/25/29	PLN	6,500,000	1,867,254
TOTAL POLAND			6,188,972
Romania - 4.2%
Romanian Republic:
3.4% 3/8/22	RON	11,150,000	2,710,121
3.65% 9/24/31	RON	1,000,000	243,060
4.75% 2/24/25	RON	14,250,000	3,679,311
TOTAL ROMANIA			6,632,492
Russia - 4.7%
Ministry of Finance of the Russian Federation:
7.05% 1/19/28	RUB	320,000,000	4,399,437
7.7% 3/16/39	RUB	69,000,000	997,695
8.5% 9/17/31	RUB	141,500,000	2,131,779
TOTAL RUSSIA			7,528,911
South Africa - 7.7%
South African Republic:
6.5% 2/28/41	ZAR	44,000,000	2,071,045
8% 1/31/30	ZAR	43,500,000	2,889,262
8.75% 2/28/48	ZAR	33,000,000	1,953,558
8.875% 2/28/35	ZAR	40,250,000	2,557,873
10.5% 12/21/26	ZAR	34,500,000	2,744,539
TOTAL SOUTH AFRICA			12,216,277
Thailand - 4.6%
Kingdom of Thailand:
1.6% 6/17/35	THB	56,750,000	1,645,903
3.3% 6/17/38	THB	93,000,000	3,253,509
4.875% 6/22/29	THB	64,250,000	2,484,188
TOTAL THAILAND			7,383,600
Turkey - 2.4%
Turkish Republic:
8% 3/12/25	TRY	15,500,000	1,330,720
9.2% 9/22/21	TRY	8,750,000	982,858
11% 2/24/27	TRY	12,300,000	1,089,896
12.4% 3/8/28	TRY	4,000,000	376,260
TOTAL TURKEY			3,779,734
Uruguay - 1.0%
Uruguay Republic:
8.5% 3/15/28 (Reg. S)	UYU	10,000,000	237,048
9.875% 6/20/22	UYU	56,500,000	1,329,318
TOTAL URUGUAY			1,566,366
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS
(Cost $138,980,705)			140,448,354
Supranational Obligations - 1.2%
Asian Infrastructure Investment Bank 2.375% 2/10/25 (Reg. S) (b)	PHP	19,400,000	397,053
International Finance Corp. 5.85% 11/25/22	INR	105,000,000	1,430,310
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $1,851,256)			1,827,363
		Shares	Value
Money Market Funds - 9.1%
Fidelity Cash Central Fund 0.06% (c)
(Cost $14,496,932)		14,494,033	14,496,932
TOTAL INVESTMENT IN SECURITIES - 98.5%
(Cost $155,328,893)			156,772,649
NET OTHER ASSETS (LIABILITIES) - 1.5%			2,409,780
NET ASSETS - 100%			$159,182,429

Forward Foreign Currency Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation/(Depreciation)
BRL	8,934,000	USD	1,763,696	State Street Bank And Tr Co	8/26/21	$20,430
CNY	1,777,000	USD	274,038	JPMorgan Chase Bank	8/26/21	126
COP	660,600,000	USD	176,066	BNP Paribas	8/26/21	(518)
COP	3,031,300,000	USD	811,050	Citibank NA	8/26/21	(5,513)
CZK	58,295,000	USD	2,720,934	BNP Paribas	8/26/21	(11,370)
EGP	37,145,000	USD	2,331,032	Citibank NA	8/26/21	35,645
HUF	34,424,000	USD	116,308	Brown Brothers Harriman & Co.	8/26/21	(254)
HUF	179,404,000	USD	604,001	Goldman Sachs Bank USA	8/26/21	826
IDR	38,406,900,000	USD	2,646,197	State Street Bank And Tr Co	8/26/21	(9,563)
INR	18,852,000	USD	252,039	JPMorgan Chase Bank	8/26/21	(72)
KZT	343,410,000	USD	792,034	BNP Paribas	8/26/21	12,459
MXN	14,650,000	USD	703,869	BNP Paribas	8/26/21	25,952
MXN	8,741,000	USD	437,878	Bank Of America NA	8/26/21	(2,426)
MYR	6,920,000	USD	1,668,073	Goldman Sachs Bank USA	8/26/21	(5,111)
MYR	3,783,000	USD	910,579	Goldman Sachs Bank USA	8/26/21	(1,477)
PEN	1,729,000	USD	438,276	State Street Bank And Tr Co	8/26/21	10,803
PHP	17,676,000	USD	363,405	BNP Paribas	8/26/21	(2,282)
PLN	15,241,000	USD	4,008,907	BNP Paribas	8/26/21	(11,022)
PLN	3,000,000	USD	788,738	Bank Of America NA	8/26/21	(1,804)
RON	287,000	USD	69,335	BNP Paribas	8/26/21	(268)
RUB	31,107,000	USD	426,123	Citibank NA	8/26/21	(4,351)
RUB	312,523,000	USD	4,236,595	JPMorgan Chase Bank	8/26/21	830
THB	128,358,000	USD	4,044,428	JPMorgan Chase Bank	8/26/21	(41,790)
TRY	938,000	USD	104,981	HSBC Bank USA	8/26/21	(286)
USD	403,435	BRL	2,020,000	Bank Of America NA	8/26/21	40
USD	1,208,585	BRL	5,997,000	Citibank NA	8/26/21	10,981
USD	825,759	BRL	4,188,000	Goldman Sachs Bank USA	8/26/21	(10,588)
USD	1,735,064	BRL	8,756,000	Goldman Sachs Bank USA	8/26/21	(13,515)
USD	791,282	CLP	591,800,000	State Street Bank And Tr Co	8/26/21	(13,379)
USD	273,427	CNY	1,777,000	State Street Bank And Tr Co	8/26/21	(737)
USD	465,424	COP	1,757,300,000	State Street Bank And Tr Co	8/26/21	(1,561)
USD	320,382	HUF	94,553,000	Goldman Sachs Bank USA	8/26/21	1,615
USD	403,482	HUF	119,275,000	State Street Bank And Tr Co	8/26/21	1,369
USD	141,183	IDR	2,067,200,000	JPMorgan Chase Bank	8/26/21	(730)
USD	252,187	INR	18,852,000	State Street Bank And Tr Co	8/26/21	221
USD	927,619	MXN	18,571,000	JPMorgan Chase Bank	8/26/21	2,465
USD	168,284	RON	700,000	Brown Brothers Harriman & Co.	8/26/21	(174)
USD	406,613	RUB	29,884,000	State Street Bank And Tr Co	8/26/21	1,423
USD	419,068	TRY	3,769,000	Bank Of America NA	8/26/21	(1,612)
USD	581,113	TRY	5,265,000	JPMorgan Chase Bank	8/26/21	(6,543)
ZAR	10,746,000	USD	748,099	Bank Of America NA	8/26/21	(890)
ZAR	4,511,000	USD	314,267	HSBC Bank USA	8/26/21	(600)
TOTAL FORWARD FOREIGN CURRENCY CONTRACTS						$(23,251)
					Unrealized Appreciation	125,185
					Unrealized Depreciation	(148,436)

For the period, the average contract value for forward foreign currency contracts was $80,756,419. Contract value represents contract amount in United States dollars plus or minus unrealized appreciation or depreciation, respectively

Currency Abbreviations

BRL – Brazilian real

CLP – Chilean peso

CNY – Chinese yuan

COP – Colombian peso

CZK – Czech Koruna

DOP – Dominican peso

EGP – Egyptian pound

HUF – Hungarian forint

IDR – Indonesian rupiah

INR – Indian rupee

KZT – Kazakhstani tenge

MXN – Mexican peso

MYR – Malyasian ringgit

PEN – Peruvian new sol

PHP – Philippine peso

PLN – Polish zloty (new)

RON – Romanian leu (new)

RUB – Russian ruble

THB – Thai baht

TRY – Turkish Lira

USD – U.S. dollar

UYU – Uruguay peso

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) Level 3 security

 (c) 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	$4,287
Total	$4,287

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line-item in the Statement of Operations, if applicable.

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

Fund	Value, beginning of period	Purchases	Sales Proceeds	Realized Gain/Loss	Change in Unrealized appreciation (depreciation)	Value, end of period	% ownership, end of period
Fidelity Cash Central Fund 0.06%	$20,796,854	$38,363,242	$44,664,009	$845	$--	$14,496,932	0.0%
Total	$20,796,854	$38,363,242	$44,664,009	$845	$--	$14,496,932

Investment Valuation

The following is a summary of the inputs used, as of June 30, 2021, 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. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

	Valuation Inputs at Reporting Date:
Description	Total	Level 1	Level 2	Level 3
Investments in Securities:
Foreign Government and Government Agency Obligations	$140,448,354	$--	$140,448,354	$--
Supranational Obligations	1,827,363	--	1,430,310	397,053
Money Market Funds	14,496,932	14,496,932	--	--
Total Investments in Securities:	$156,772,649	$14,496,932	$141,878,664	$397,053
Dervative Instruments:
Assets
Forward Foreign Currency Contracts	$125,185	$--	$125,185	$--
Total Assets	$125,185	$--	$125,185	$--
Liabilities
Forward Foreign Currency Contracts	$(148,436)	$--	$(148,436)	$--
Total Liabilities	$(148,436)	$--	$(148,436)	$--
Total Derivative Instruments:	$(23,251)	$--	$(23,251)	$--

Value of Derivative Instruments

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of June 30, 2021. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

Primary Risk Exposure / Derivative Type	Value
	Asset	Liability
Foreign Exchange Risk
Forward Foreign Currency Contracts(a)	$125,185	$(148,436)
Total Foreign Exchange Risk	125,185	(148,436)
Total Value of Derivatives	$125,185	$(148,436)

 (a) Gross value is presented in the Statement of Assets and Liabilities in the unrealized appreciation/depreciation on forward foreign currency contracts line-items.

Other Information

The composition of credit quality ratings as a percentage of Total Net Assets is as follows (Unaudited):

AAA,AA,A	9.9%
BBB	19.5%
BB	15.7%
Not Rated	44.3%
Short-Term Investments and Net Other Assets	10.6%
	100%

We have used ratings from Moody's Investors Service, Inc. Where Moody's^® ratings are not available, we have used S&P^® ratings. All ratings are as of the date indicated and do not reflect subsequent changes.

See accompanying notes which are an integral part of the financial statements.

Fidelity® Emerging Markets Debt Local Currency Central Fund

Financial Statements

Statement of Assets and Liabilities

		June 30, 2021 (Unaudited)
Assets
Investment in securities, at value — See accompanying schedule: Unaffiliated issuers (cost $140,831,961)	$142,275,717
Fidelity Central Funds (cost $14,496,932)	14,496,932
Total Investment in Securities (cost $155,328,893)		$156,772,649
Segregated cash with brokers for derivative instruments		250,000
Unrealized appreciation on forward foreign currency contracts		125,185
Interest receivable		2,829,542
Distributions receivable from Fidelity Central Funds		516
Total assets		159,977,892
Liabilities
Payable to custodian bank	$362,241
Payable for investments purchased	244,383
Unrealized depreciation on forward foreign currency contracts	148,436
Other payables and accrued expenses	40,403
Total liabilities		795,463
Net Assets		$159,182,429
Net Assets consist of:
Paid in capital		$154,224,242
Total accumulated earnings (loss)		4,958,187
Net Assets		$159,182,429
Net Asset Value, offering price and redemption price per share ($159,182,429 ÷ 1,539,475 shares)		$103.40

See accompanying notes which are an integral part of the financial statements.

Statement of Operations

		Six months ended June 30, 2021 (Unaudited)
Investment Income
Interest		$3,431,207
Income from Fidelity Central Funds		4,287
Income before foreign taxes withheld		3,435,494
Less foreign taxes withheld		(65,614)
Total income		3,369,880
Expenses
Custodian fees and expenses	$33,271
Independent trustees' fees and expenses	271
Total expenses		33,542
Net investment income (loss)		3,336,338
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment securities:
Unaffiliated issuers (net of foreign taxes of $50,170)	580,148
Fidelity Central Funds	845
Forward foreign currency contracts	(111,209)
Foreign currency transactions	5,922
Futures contracts	593
Total net realized gain (loss)		476,299
Change in net unrealized appreciation (depreciation) on:
Investment securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $52,247)	(9,237,663)
Forward foreign currency contracts	165,318
Assets and liabilities in foreign currencies	(83,480)
Total change in net unrealized appreciation (depreciation)		(9,155,825)
Net gain (loss)		(8,679,526)
Net increase (decrease) in net assets resulting from operations		$(5,343,188)

See accompanying notes which are an integral part of the financial statements.

Statement of Changes in Net Assets

	Six months ended June 30, 2021 (Unaudited)	For the period September 23, 2020 (commencement of operations) to December 31, 2020
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$3,336,338	$1,544,783
Net realized gain (loss)	476,299	2,358,501
Change in net unrealized appreciation (depreciation)	(9,155,825)	10,583,135
Net increase (decrease) in net assets resulting from operations	(5,343,188)	14,486,419
Distributions to shareholders	(2,038,542)	(2,146,501)
Share transactions
Proceeds from sales of shares	22,406	150,016,900
Reinvestment of distributions	2,038,542	2,146,501
Cost of shares redeemed	(108)	–
Net increase (decrease) in net assets resulting from share transactions	2,060,840	152,163,401
Total increase (decrease) in net assets	(5,320,890)	164,503,319
Net Assets
Beginning of period	164,503,319	–
End of period	$159,182,429	$164,503,319
Other Information
Shares
Sold	218	1,500,157
Issued in reinvestment of distributions	19,091	20,010
Redeemed	(1)	–
Net increase (decrease)	19,308	1,520,167

See accompanying notes which are an integral part of the financial statements.

Financial Highlights

Fidelity Emerging Markets Debt Local Currency Central Fund

	Six months ended (Unaudited) June 30,	Years endedDecember 31,
	2021	2020 A
Selected Per–Share Data
Net asset value, beginning of period	$108.21	$100.00
Income from Investment Operations
Net investment income (loss)B	2.173	1.042
Net realized and unrealized gain (loss)	(5.642)	8.599
Total from investment operations	(3.469)	9.641
Distributions from net investment income	(1.236)	(1.431)
Distributions from net realized gain	(.105)	–
Total distributions	(1.341)	(1.431)
Net asset value, end of period	$103.40	$108.21
Total ReturnC	(3.25)%	9.65%
Ratios to Average Net AssetsD,E
Expenses before reductions	.04%F	.04%F
Expenses net of fee waivers, if any	.04%F	.04%F
Expenses net of all reductions	.04%F	.04%F
Net investment income (loss)	4.22%F	3.66%F
Supplemental Data
Net assets, end of period (000 omitted)	$159,182	$164,503
Portfolio turnover rateG	77%F	30%

 ^A For the period September 23, 2020 (commencement of operations) to December 31, 2020.

 ^B Calculated based on average shares outstanding during the period.

 ^C Total returns for periods of less than one year are not annualized.

 ^D Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

 ^E Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment advisor, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

 ^F Annualized

 ^G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

See accompanying notes which are an integral part of the financial statements.

Notes to Financial Statements (Unaudited)

For the period ended June 30, 2021

1. Organization.

Fidelity Emerging Markets Debt Central Fund and Fidelity Emerging Markets Debt Local Currency Central Fund (the Funds) are non-diversified funds of Fidelity Hanover Street Trust (the Trust). Each Fund is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust.

2. Investments in Fidelity Central Funds.

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio(a)
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005% to .01%

 (a) Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

3. Significant Accounting Policies.

Each Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. Each Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of each Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of each Fund's investments to the Fair Value Committee (the Committee) established by each Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, each 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 each 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 each Fund's investments and ratifies the fair value determinations of the Committee.

Each Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

• 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)

Valuation techniques used to value each 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 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.

The U.S. dollar value of foreign currency contracts is determined using currency exchange rates supplied by a pricing service and are categorized as Level 2 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of June 30, 2021 is included at the end of each Fund's Schedule of Investments.

Foreign Currency. Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Realized gains and losses on foreign currency transactions arise from the disposition of foreign currency, realized changes in the value of foreign currency between the trade and settlement dates on security transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on transaction date and the U.S. dollar equivalent of the amounts actually received or paid. Unrealized gains and losses on assets and liabilities in foreign currencies arise from changes in the value of foreign currency, and from assets and liabilities denominated in foreign currencies, other than investments, which are held at period end.

Investment Transactions and Income. For financial reporting purposes, the Funds' investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Dividend income is recorded on the ex-dividend date. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Paid in Kind (PIK) income is recorded at the fair market value of the securities received. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Debt obligations may be placed on non-accrual status and related interest income may be reduced by ceasing current accruals and writing off interest receivables when the collection of all or a portion of interest has become doubtful based on consistently applied procedures. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is reasonably assured.

Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, each Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. Each Fund files a U.S. federal tax return, in addition to state and local tax returns as required. Each Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on each Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fidelity Emerging Markets Debt Local Currency Central Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the applicable Fund's Statement of Assets & Liabilities.

Distributions are declared and recorded daily and paid monthly from net investment income. Distributions from realized gains, if any, are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to foreign currency transactions, market discount, capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows for each Fund:

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation)
Fidelity Emerging Markets Debt Central Fund	$2,732,239,615	$126,943,852	$(141,464,947)	$(14,521,095)
Fidelity Emerging Markets Debt Local Currency Central Fund	155,208,997	4,789,686	(3,249,285)	1,540,401

Capital loss carryforwards are only available to offset future capital gains of the Funds to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of prior fiscal period end and is subject to adjustment.

	No expiration
	Short-term	Long-term	Total capital loss carryforward
Fidelity Emerging Markets Debt Central Fund	$(25,570,885)	$(55,394,525)	$(80,965,410)

Delayed Delivery Transactions and When-Issued Securities. During the period, certain Funds transacted in securities on a delayed delivery or when-issued basis. Payment and delivery may take place after the customary settlement period for that security. The price of the underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated. Securities purchased on a delayed delivery or when-issued basis are identified as such in the Schedule of Investments. Compensation for interest forgone in the purchase of a delayed delivery or when-issued debt security may be received. With respect to purchase commitments, each applicable Fund identifies securities as segregated in its records with a value at least equal to the amount of the commitment. Payables and receivables associated with the purchases and sales of delayed delivery securities having the same coupon, settlement date and broker are offset. Delayed delivery or when-issued securities that have been purchased from and sold to different brokers are reflected as both payables and receivables in the Statement of Assets and Liabilities under the caption "Delayed delivery", as applicable. Losses may arise due to changes in the value of the underlying securities or if the counterparty does not perform under the contract's terms, or if the issuer does not issue the securities due to political, economic, or other factors.

Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

4. Derivative Instruments.

Risk Exposures and the Use of Derivative Instruments. The Funds' investment objective allows the Funds to enter into various types of derivative contracts, including forward foreign currency contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fidelity Emerging Markets Debt Local Currency Central Fund (the Fund) used derivatives to increase returns, to facilitate transactions in foreign-denominated securities and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk:

Foreign Exchange Risk  Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates.
 

The Fund is also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that the Fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to the Fund. Derivative counterparty credit risk is managed through formal evaluation of the creditworthiness of all potential counterparties. On certain OTC derivatives such as forward foreign currency contracts, the Fund attempts to reduce its exposure to counterparty credit risk by entering into an International Swaps and Derivatives Association, Inc. (ISDA) Master Agreement with each of its counterparties. The ISDA Master Agreement gives the Fund the right to terminate all transactions traded under such agreement upon the deterioration in the credit quality of the counterparty beyond specified levels. The ISDA Master Agreement gives each party the right, upon an event of default by the other party or a termination of the agreement, to close out all transactions traded under such agreement and to net amounts owed under each transaction to one net payable by one party to the other. To mitigate counterparty credit risk on bi-lateral OTC derivatives, the Fund receives collateral in the form of cash or securities once the Fund's net unrealized appreciation on outstanding derivative contracts under an ISDA Master Agreement exceeds certain applicable thresholds, subject to certain minimum transfer provisions. The collateral received is held in segregated accounts with the Fund's custodian bank in accordance with the collateral agreements entered into between the Fund, the counterparty and the Fund's custodian bank. The Fund could experience delays and costs in gaining access to the collateral even though it is held by the Fund's custodian bank. The Fund's maximum risk of loss from counterparty credit risk related to bi-lateral OTC derivatives is generally the aggregate unrealized appreciation and unpaid counterparty payments in excess of any collateral pledged by the counterparty to the Fund. The Fund may be required to pledge collateral for the benefit of the counterparties on bi-lateral OTC derivatives in an amount not less than each counterparty's unrealized appreciation on outstanding derivative contracts, subject to certain minimum transfer provisions, and any such pledged collateral is identified in the Schedule of Investments.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Forward Foreign Currency Contracts. Forward foreign currency contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. The Fund used forward foreign currency contracts to facilitate transactions in foreign-denominated securities and to manage exposure to certain foreign currencies.

Forward foreign currency contracts are valued daily and fluctuations in exchange rates on open contracts are recorded as unrealized appreciation or (depreciation) and reflected in the Statement of Assets and Liabilities. When the contract is closed, the Fund realizes a gain or loss equal to the difference between the closing value and the value at the time it was opened. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in cash without the delivery of foreign currency. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on forward foreign currency contracts during the period is presented in the Statement of Operations.

Any open forward foreign currency contracts at period end are presented in the Schedule of Investments under the caption "Forward Foreign Currency Contracts." The contract amount and unrealized appreciation (depreciation) reflects each contract's exposure to the underlying currency at period end.

5. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities, U.S. government securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Emerging Markets Debt Central Fund	546,588,481	446,236,021
Fidelity Emerging Markets Debt Local Currency Central Fund	63,065,783	53,254,325

6. Fees and Other Transactions with Affiliates.

Management Fee and Expense Contract. Fidelity Management & Research Company LLC (the investment adviser) provides each Fund with investment management services. The Funds do not pay any fees for these services. Pursuant to each Fund's management contract, the investment adviser receives a monthly management fee that represents a portion of the management fees it receives from the Investing Funds. In addition, under an expense contract the investment adviser pays all other expenses of each Fund, excluding custody fees, the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses.

Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note.

7. Expense Reductions.

In addition, through arrangements with each applicable Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce each applicable Fund's expenses. All of the applicable expense reductions are noted in the table below.

	Custodian credits
Fidelity Emerging Markets Debt Central Fund	$254

8. Other.

Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, the fund may also enter into contracts that provide general indemnifications. The fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the fund. The risk of material loss from such claims is considered remote.

At the end of the period, mutual funds managed by the investment adviser or its affiliates were the owners of record of all of the outstanding shares of the Funds.

9. 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.

10. Coronavirus (COVID-19) Pandemic.

An outbreak of COVID-19 first detected in China during December 2019 has since spread globally and was declared a pandemic by the World Health Organization during March 2020. Developments that disrupt global economies and financial markets, such as the COVID-19 pandemic, may magnify factors that affect the Funds' performance.

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (January 1, 2021 to June 30, 2021).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.

	Annualized Expense Ratio-A	Beginning Account Value January 1, 2021	Ending Account Value June 30, 2021	Expenses Paid During Period-B January 1, 2021 to June 30, 2021
Fidelity Emerging Markets Debt Central Fund	.0032%
Actual		$1,000.00	$1,004.70	$.02
Hypothetical-C		$1,000.00	$1,024.78	$.02
Fidelity Emerging Markets Debt Local Currency Central Fund	.0424%
Actual		$1,000.00	$967.50	$.21
Hypothetical-C		$1,000.00	$1,024.58	$.21

 ^A Annualized expense ratio reflects expenses net of applicable fee waivers.

 ^B Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

 ^C 5% return per year before expenses

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Emerging Markets Debt Central Fund
Fidelity Emerging Markets Debt Local Currency Central Fund

Each year, the Board of Directors, including the Independent Directors (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for each fund. FMR and the sub-advisers are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Directors' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of each fund's Advisory Contracts, including the services and support provided to each fund and its shareholders. The Board has established various standing committees (Committees), each composed of and chaired by Independent Directors with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of each fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.At its May 2021 meeting, the Board unanimously determined to renew each fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant and reached a determination, with the assistance of fund counsel and Independent Directors' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of each fund and its shareholders and the fact that no fee is payable under the management contracts was fair and reasonable. Nature, Extent, and Quality of Services Provided.  The Board considered Fidelity's staffing as it relates to the funds, including the backgrounds of investment personnel of Fidelity, and also considered the funds' investment objectives, strategies, and related investment philosophies. The Independent Directors also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of each fund. Resources Dedicated to Investment Management and Support Services.  The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted that Fidelity has continued to increase the resources devoted to non-U.S. offices, including expansion of Fidelity's global investment organization. The Board also noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process. The Board also considered Fidelity's investments in business continuity planning, and its success in continuously providing services to the fund notwithstanding the severe disruptions caused by the COVID-19 pandemic. Administrative Services.  The Board considered (i) the nature, extent, quality, and cost of advisory and administrative services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for each fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, each fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers, and the use of "soft" commission dollars to pay for research services. Investment Performance.  The Board considered whether each fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions. The Board reviewed each fund's absolute investment performance, as well as each fund's relative investment performance, and considered Fidelity Emerging Markets Debt Central Fund's underperformance for different time periods ended December 31, 2020. The Board did not consider performance to be a material factor in its decision to renew each fund's Advisory Contracts, as the funds are not publicly offered as a stand-alone investment product. In this regard, the Board noted that each fund is designed to offer a liquid investment option for other investment companies managed by Fidelity and ultimately to enhance the performance of those investment companies.Based on its review, the Board concluded that the nature, extent, and quality of services provided to each fund under the Advisory Contracts should continue to benefit the shareholders of each fund. Competitiveness of Management Fee and Total Expense Ratio.  The Board considered that while each fund does not pay a management fee, FMR receives fees for providing services to funds that invest in each fund. The Board also noted that FMR bears all expenses of each fund with certain limited exceptions (i.e., custody fees, interest, taxes, fees and expenses of the Independent Trustees, proxy and shareholder meeting expenses, and extraordinary expenses). The Board further noted that each fund pays its non-operating expenses, including brokerage commissions and fees and expenses associated with the fund's securities lending program, if applicable. Based on its review, the Board concluded that the management fee received for providing services to each fund and each fund's total expense ratio were reasonable in light of the services that each fund and its shareholders receive and the other factors considered. Costs of the Services and Profitability.  The Board considered the level of Fidelity's profits in respect of all the Fidelity funds, as well as the profitability of the funds that invest in each fund.A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board also considered that in 2019 a joint ad hoc committee created by it and the boards of other Fidelity funds evaluated potential fall-out benefits (PFOB Committee). The Board noted that it considered the PFOB Committee's findings in connection with its consideration of the renewal of the Advisory Contracts.The Board concluded that the costs of the services provided by and the profits realized by Fidelity in connection with the operation of each fund were not relevant to the renewal of the Advisory Contracts because each fund pays no advisory fees and FMR bears all expenses of each fund with certain exceptions. Economies of Scale.  The Board concluded that because each fund pays no advisory fees and FMR bears all expenses of each fund with certain exceptions, the realization of economies of scale was not a material factor in the Board's decision to renew each fund's Advisory Contract. Additional Information Requested by the Board.  In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) fund flow and performance trends, in particular the underperformance of certain funds and strategies, and Fidelity's long-term strategies for certain funds; (ii) consideration of expanding the use of performance fees for additional funds; (iii) Fidelity's pricing philosophy compared to competitors; (iv) metrics for evaluating index fund and ETF performance and information about ETF trading characteristics; (v) the methodology with respect to evaluating competitive fund data and peer group classifications and fee and expense comparisons; (vi) the expense structures for different funds and classes and information about the differences between various expense structures; (vii) group fee breakpoints; (viii) information regarding other accounts managed by Fidelity and sub-advisory arrangements; and (ix) Fidelity's philosophies and strategies for evaluating funds and classes with lower or declining asset levels.Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee arrangements are fair and reasonable, and that each fund's Advisory Contracts should be renewed.

Liquidity Risk Management Program

The Securities and Exchange Commission adopted Rule 22e-4 under the Investment Company Act of 1940 (the Liquidity Rule) to promote effective liquidity risk management throughout the open-end investment company industry, thereby reducing the risk that funds will be unable to meet their redemption obligations and mitigating dilution of the interests of fund shareholders.

The Funds have adopted and implemented a liquidity risk management program pursuant to the Liquidity Rule (the Program) effective December 1, 2018. The Program is reasonably designed to assess and manage each Fund’s liquidity risk and to comply with the requirements of the Liquidity Rule. Each Fund’s Board of Trustees (the Board) has designated each Fund’s investment adviser as administrator of the Program. The Fidelity advisers have established a Liquidity Risk Management Committee (the LRM Committee) to manage the Program for each of the Fidelity Funds. The LRM Committee monitors the adequacy and effectiveness of implementation of the Program and on a periodic basis assesses each Fund’s liquidity risk based on a variety of factors including (1) the Fund’s investment strategy, (2) portfolio liquidity and cash flow projections during normal and reasonably foreseeable stressed conditions, (3) shareholder redemptions, (4) borrowings and other funding sources and (5) in the case of exchange-traded funds, certain additional factors including the effect of the Fund’s prices and spreads, market participants, and basket compositions on the overall liquidity of the Fund’s portfolio, as applicable.

In accordance with the Program, each of the Fund’s portfolio investments is classified into one of four liquidity categories described below based on a determination of a reasonable expectation for how long it would take to convert the investment to cash (or sell or dispose of the investment) without significantly changing its market value.

• Highly liquid investments – cash or convertible to cash within three business days or less
• Moderately liquid investments – convertible to cash in three to seven calendar days
• Less liquid investments – can be sold or disposed of, but not settled, within seven calendar days
• Illiquid investments – cannot be sold or disposed of within seven calendar days

Liquidity classification determinations take into account a variety of factors including various market, trading and investment-specific considerations, as well as market depth, and generally utilize analysis from a third-party liquidity metrics service.

The Liquidity Rule places a 15% limit on a fund’s illiquid investments and requires funds that do not primarily hold assets that are highly liquid investments to determine and maintain a minimum percentage of the fund’s net assets to be invested in highly liquid investments (highly liquid investment minimum or HLIM). The Program includes provisions reasonably designed to comply with the 15% limit on illiquid investments and for determining, periodically reviewing and complying with the HLIM requirement as applicable.

At a recent meeting of the Fund’s Board of Trustees, the LRM Committee provided a written report to the Board pertaining to the operation, adequacy, and effectiveness of implementation of the Program for the annual period from December 1, 2019 through November 30, 2020. The report concluded that the Program has been implemented and is operating effectively and is reasonably designed to assess and manage the Fund’s liquidity risk.

EMC-SANN-0821
1.926208.110

Item 2.

Code of Ethics

Not applicable.

Item 3.

Audit Committee Financial Expert

Not applicable.

Item 4.

Principal Accountant Fees and Services

Not applicable.

Item 5.

Audit Committee of Listed Registrants

Not applicable.

Item 6.  

Investments

(a)

Not applicable.

(b)

Not applicable

Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8.

Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9.  

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable.

Item 10.

Submission of Matters to a Vote of Security Holders

There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Hanover Street Trust’s Board of Trustees.

Item 11.

Controls and Procedures

(a)(i)  The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hanover 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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies

Not applicable.

Item 13.

Exhibits

(a)	(1)	Not applicable.
(a)	(2)	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.
(a)	(3)	Not applicable.
(b)		Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

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 Hanover Street Trust

By:	/s/Stacie M. Smith
	Stacie M. Smith
	President and Treasurer
Date:	August 19, 2021

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:	August 19, 2021

By:	/s/John J. Burke III
	John J. Burke III
	Chief Financial Officer
Date:	August 19, 2021

EX-99.CERT

                                                      Exhibit EX-99.CERT

I, Stacie M. Smith, certify that:

1.

I have reviewed this report on Form N-CSR of Fidelity Hanover 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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

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 period covered by this report 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:

 August 19, 2021

/s/Stacie M. Smith

Stacie M. Smith

President and Treasurer

I, John J. Burke III, certify that:

1.

I have reviewed this report on Form N-CSR of Fidelity Hanover 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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

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 period covered by this report 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:

August 19, 2021

/s/John J. Burke III

John J. Burke III

Chief Financial Officer

EX-99.906 CERT

Exhibit EX-99.906CERT

Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)

In connection with the attached Report of Fidelity Hanover Street Trust (the “Trust”) on Form N-CSR to be filed with the Securities and Exchange Commission (the “Report”), each of the undersigned officers of the Trust does hereby certify that, to the best of such officer’s knowledge:

1.

The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: August 19, 2021

/s/Stacie M. Smith

Stacie M. Smith

President and Treasurer

Dated: August 19, 2021

/s/John J. Burke III

John J. Burke III

Chief Financial Officer

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.