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 811-00215
Fidelity Hastings Street Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, 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, 2023 |
Item 1.
Reports to Stockholders
Contents
Top Bond Issuers (% of Fund's net assets) | ||
(with maturities greater than one year) | ||
U.S. Treasury Obligations | 4.8 | |
Petroleos Mexicanos | 3.8 | |
Dominican Republic | 3.3 | |
Turkish Republic | 2.8 | |
Sultanate of Oman | 2.8 | |
State of Qatar | 2.7 | |
Indonesian Republic | 2.7 | |
Colombian Republic | 2.4 | |
United Mexican States | 2.4 | |
Republic of Nigeria | 2.0 | |
29.7 | ||
Quality Diversification (% of Fund's net assets) |
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. |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Nonconvertible Bonds - 34.3% | |||
Principal Amount (a) | Value ($) | ||
Argentina - 0.0% | |||
YPF SA 8.75% 4/4/24 (b) | 400,400 | 386,254 | |
Azerbaijan - 1.1% | |||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) | 9,951,000 | 10,085,438 | |
State Oil Co. of Azerbaijan Republic 6.95% 3/18/30 (Reg. S) | 3,015,000 | 3,095,289 | |
TOTAL AZERBAIJAN | 13,180,727 | ||
Bahrain - 0.7% | |||
The Oil and Gas Holding Co.: | |||
7.5% 10/25/27 (b) | 6,889,000 | 6,978,144 | |
8.375% 11/7/28 (b) | 1,065,000 | 1,119,943 | |
TOTAL BAHRAIN | 8,098,087 | ||
Brazil - 1.9% | |||
Adecoagro SA 6% 9/21/27 (b) | 3,125,000 | 2,896,625 | |
Azul Secured Finance LLP: | |||
10.875% 5/28/30 (b) | 1,600,000 | 1,273,424 | |
11.5% 5/28/29 (b) | 4,565,000 | 3,841,995 | |
Braskem Netherlands BV 7.25% 2/13/33 (b) | 1,275,000 | 1,246,727 | |
CSN Islands XI Corp. 6.75% 1/28/28 (b) | 1,250,000 | 1,154,250 | |
CSN Resources SA 5.875% 4/8/32 (b) | 2,115,000 | 1,699,403 | |
Embraer Netherlands Finance BV: | |||
5.4% 2/1/27 | 1,100,000 | 1,053,437 | |
6.95% 1/17/28 (b) | 1,245,000 | 1,235,663 | |
MARB BondCo PLC 3.95% 1/29/31 (b) | 1,295,000 | 922,688 | |
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b) | 3,666,925 | 2,445,509 | |
Natura Cosmeticos SA 4.125% 5/3/28 (b) | 1,065,000 | 921,342 | |
NBM U.S. Holdings, Inc. 6.625% 8/6/29 (b) | 2,270,000 | 2,068,038 | |
VM Holding SA 6.5% 1/18/28 (b) | 1,580,000 | 1,510,575 | |
TOTAL BRAZIL | 22,269,676 | ||
Burkina Faso - 0.1% | |||
Endeavour Mining PLC 5% 10/14/26 (b) | 2,015,000 | 1,782,046 | |
Cambodia - 0.2% | |||
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S) | 3,200,000 | 2,995,234 | |
Chile - 1.7% | |||
Antofagasta PLC: | |||
2.375% 10/14/30 (b) | 3,865,000 | 3,132,157 | |
5.625% 5/13/32 (b) | 1,390,000 | 1,374,668 | |
Corporacion Nacional del Cobre de Chile (Codelco): | |||
3% 9/30/29 (b) | 2,000,000 | 1,759,360 | |
3.15% 1/14/30 (b) | 1,645,000 | 1,455,299 | |
3.15% 1/15/51 (b) | 1,865,000 | 1,302,964 | |
3.7% 1/30/50 (b) | 3,765,000 | 2,839,563 | |
4.5% 8/1/47 (b) | 1,970,000 | 1,678,913 | |
5.125% 2/2/33 (b) | 1,575,000 | 1,552,367 | |
Empresa Nacional de Petroleo 6.15% 5/10/33 (b) | 585,000 | 583,356 | |
Sable International Finance Ltd. 5.75% 9/7/27 (b) | 2,287,000 | 2,102,393 | |
VTR Comunicaciones SpA: | |||
4.375% 4/15/29 (b) | 933,000 | 474,953 | |
5.125% 1/15/28 (b) | 3,749,000 | 1,932,347 | |
TOTAL CHILE | 20,188,340 | ||
China - 1.7% | |||
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b) | 3,775,000 | 3,477,606 | |
ENN Energy Holdings Ltd. 4.625% 5/17/27 (b) | 3,430,000 | 3,329,398 | |
Lenovo Group Ltd. 3.421% 11/2/30 (b) | 2,915,000 | 2,439,884 | |
Meituan: | |||
2.125% 10/28/25 (b) | 4,740,000 | 4,313,305 | |
3.05% 10/28/30 (b) | 1,995,000 | 1,578,963 | |
Prosus NV: | |||
3.061% 7/13/31 (b) | 1,675,000 | 1,303,359 | |
3.832% 2/8/51 (b) | 1,590,000 | 966,784 | |
4.027% 8/3/50 (b) | 650,000 | 403,813 | |
4.193% 1/19/32 (b) | 3,505,000 | 2,926,938 | |
TOTAL CHINA | 20,740,050 | ||
Colombia - 1.1% | |||
EnfraGen Energia Sur SA 5.375% 12/30/30 (b) | 5,545,000 | 3,618,113 | |
Gcm Mining Corp. 6.875% 8/9/26 (b) | 3,895,000 | 2,882,300 | |
GeoPark Ltd. 5.5% 1/17/27 (b) | 2,685,000 | 2,198,129 | |
Oleoducto Central SA 4% 7/14/27 (b) | 2,483,000 | 2,177,020 | |
Termocandelaria Power Ltd. 7.875% 1/30/29 (b) | 3,041,875 | 2,707,269 | |
TOTAL COLOMBIA | 13,582,831 | ||
Costa Rica - 0.2% | |||
Liberty Costa Rica SR SF 10.875% 1/15/31 (b) | 2,280,000 | 2,252,366 | |
Georgia - 0.3% | |||
JSC Georgian Railway 4% 6/17/28 (b) | 3,580,000 | 3,056,676 | |
Ghana - 1.1% | |||
Kosmos Energy Ltd. 7.125% 4/4/26 (b) | 9,060,000 | 7,956,130 | |
Tullow Oil PLC: | |||
7% 3/1/25 (b) | 1,060,000 | 643,441 | |
10.25% 5/15/26 (b) | 5,670,000 | 4,314,870 | |
TOTAL GHANA | 12,914,441 | ||
Guatemala - 0.6% | |||
CT Trust 5.125% 2/3/32 (b) | 3,975,000 | 3,189,938 | |
Investment Energy Resources Ltd. 6.25% 4/26/29 (b) | 2,970,000 | 2,755,934 | |
Millicom International Cellular SA 4.5% 4/27/31 (b) | 2,050,000 | 1,569,275 | |
TOTAL GUATEMALA | 7,515,147 | ||
Hungary - 0.1% | |||
Magyar Export-Import Bank 6.125% 12/4/27 (b) | 1,070,000 | 1,056,218 | |
India - 0.4% | |||
CA Magnum Holdings 5.375% 10/31/26 (b) | 3,545,000 | 3,166,252 | |
Shriram Transport Finance Co. Ltd. 5.1% 7/16/23 (b) | 1,900,000 | 1,895,820 | |
TOTAL INDIA | 5,062,072 | ||
Indonesia - 1.7% | |||
Indika Energy Capital IV Pte Ltd. 8.25% 10/22/25 (b) | 2,060,000 | 2,042,181 | |
Medco Bell Pte Ltd. 6.375% 1/30/27 (b) | 3,120,000 | 2,931,146 | |
Medco Laurel Tree PTE Ltd. 6.95% 11/12/28 (b) | 3,730,000 | 3,413,360 | |
PT Adaro Indonesia 4.25% 10/31/24 (b) | 3,515,000 | 3,383,926 | |
PT Freeport Indonesia: | |||
4.763% 4/14/27 (b) | 1,225,000 | 1,179,406 | |
5.315% 4/14/32 (b) | 2,085,000 | 1,965,071 | |
6.2% 4/14/52 (b) | 1,420,000 | 1,279,931 | |
PT Indonesia Asahan Aluminium 5.45% 5/15/30 (b) | 2,955,000 | 2,868,832 | |
PT Pertamina Geothermal Energy 5.15% 4/27/28 (b) | 1,140,000 | 1,133,000 | |
TOTAL INDONESIA | 20,196,853 | ||
Israel - 1.0% | |||
Energean Israel Finance Ltd.: | |||
4.875% 3/30/26 (Reg. S) (b) | 3,470,000 | 3,219,327 | |
8.5% 9/30/33 (Reg. S) (b)(c) | 1,300,000 | 1,296,750 | |
Israel Electric Corp. Ltd. 3.75% 2/22/32 (Reg. S) (b) | 3,270,000 | 2,788,950 | |
Leviathan Bond Ltd.: | |||
6.125% 6/30/25 (Reg. S) (b) | 3,640,000 | 3,545,760 | |
6.5% 6/30/27 (Reg. S) (b) | 645,000 | 615,975 | |
TOTAL ISRAEL | 11,466,762 | ||
Kazakhstan - 0.8% | |||
KazMunaiGaz National Co.: | |||
3.5% 4/14/33 (b) | 2,010,000 | 1,553,268 | |
5.75% 4/19/47 (b) | 1,010,000 | 820,827 | |
Nostrum Oil & Gas Finance BV: | |||
5% 6/30/26 (b) | 3,543,000 | 2,300,966 | |
14% 6/30/26 pay-in-kind (b)(d) | 4,890,591 | 1,760,613 | |
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b) | 3,800,000 | 2,897,234 | |
TOTAL KAZAKHSTAN | 9,332,908 | ||
Kuwait - 0.3% | |||
Meglobal BV 4.25% 11/3/26 (b) | 1,930,000 | 1,849,384 | |
MEGlobal Canada, Inc. 5% 5/18/25 (b) | 1,635,000 | 1,600,240 | |
TOTAL KUWAIT | 3,449,624 | ||
Luxembourg - 0.1% | |||
TMS Issuer SARL 5.78% 8/23/32 (b) | 1,670,000 | 1,714,840 | |
Malaysia - 0.9% | |||
GENM Capital Labuan Ltd. 3.882% 4/19/31 (b) | 3,610,000 | 2,912,692 | |
MISC Capital Two (Labuan) Ltd.: | |||
3.625% 4/6/25 (b) | 945,000 | 906,822 | |
3.75% 4/6/27 (b) | 3,090,000 | 2,891,344 | |
Petronas Capital Ltd.: | |||
3.404% 4/28/61 (b) | 2,720,000 | 1,964,194 | |
3.5% 4/21/30 (b) | 1,730,000 | 1,603,572 | |
TOTAL MALAYSIA | 10,278,624 | ||
Mauritius - 0.2% | |||
AXIAN Telecom 7.375% 2/16/27 (b) | 2,870,000 | 2,601,167 | |
Mexico - 4.5% | |||
Braskem Idesa SAPI: | |||
6.99% 2/20/32 (b) | 460,000 | 294,400 | |
7.45% 11/15/29 (b) | 1,280,000 | 853,216 | |
Comision Federal de Electricidad: | |||
3.348% 2/9/31 (b) | 735,000 | 577,115 | |
4.688% 5/15/29 (b) | 3,085,000 | 2,764,900 | |
Petroleos Mexicanos: | |||
6.5% 3/13/27 | 1,725,000 | 1,530,938 | |
6.5% 6/2/41 | 2,587,000 | 1,632,526 | |
6.625% 6/15/35 | 15,841,000 | 10,978,605 | |
6.7% 2/16/32 | 4,827,000 | 3,663,452 | |
6.75% 9/21/47 | 10,407,000 | 6,503,230 | |
6.875% 10/16/25 | 2,295,000 | 2,198,381 | |
6.875% 8/4/26 | 2,485,000 | 2,307,944 | |
6.95% 1/28/60 | 9,575,000 | 5,922,138 | |
7.69% 1/23/50 | 16,573,000 | 11,169,871 | |
TV Azteca SA de CV 8.25% (Reg. S) (e) | 10,535,000 | 3,984,864 | |
TOTAL MEXICO | 54,381,580 | ||
Morocco - 0.3% | |||
OCP SA: | |||
3.75% 6/23/31 (b) | 3,150,000 | 2,602,467 | |
6.875% 4/25/44 (b) | 1,320,000 | 1,209,872 | |
TOTAL MOROCCO | 3,812,339 | ||
Nigeria - 0.7% | |||
Access Bank PLC 6.125% 9/21/26 (b) | 3,295,000 | 2,772,874 | |
IHS Holding Ltd. 5.625% 11/29/26 (b) | 2,420,000 | 2,108,135 | |
IHS Netherlands Holdco BV 8% 9/18/27 (b) | 3,490,000 | 3,168,117 | |
TOTAL NIGERIA | 8,049,126 | ||
Oman - 0.1% | |||
Lamar Funding Ltd. 3.958% 5/7/25 (b) | 1,015,000 | 969,487 | |
Panama - 0.8% | |||
Aeropuerto Internacional de Tocumen SA: | |||
4% 8/11/41 (b) | 2,915,000 | 2,351,618 | |
5.125% 8/11/61 (b) | 1,230,000 | 945,673 | |
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b) | 2,060,000 | 1,787,050 | |
Cable Onda SA 4.5% 1/30/30 (b) | 4,955,000 | 4,207,984 | |
TOTAL PANAMA | 9,292,325 | ||
Paraguay - 0.3% | |||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b) | 3,800,000 | 3,486,500 | |
Peru - 0.3% | |||
Camposol SA 6% 2/3/27 (b) | 1,235,000 | 832,933 | |
Compania de Minas Buenaventura SAA 5.5% 7/23/26 (b) | 2,100,000 | 1,807,659 | |
Volcan Compania Minera SAA 4.375% 2/11/26 (b) | 1,345,000 | 988,723 | |
TOTAL PERU | 3,629,315 | ||
Qatar - 2.1% | |||
Qatar Petroleum: | |||
1.375% 9/12/26 (b) | 3,255,000 | 2,926,597 | |
2.25% 7/12/31 (b) | 7,425,000 | 6,217,101 | |
3.125% 7/12/41 (b) | 4,005,000 | 3,056,296 | |
3.3% 7/12/51 (b) | 9,800,000 | 7,165,662 | |
QNB Finance Ltd. 2.625% 5/12/25 (Reg. S) | 3,305,000 | 3,128,249 | |
Qtel International Finance Ltd. 2.625% 4/8/31 (b) | 2,755,000 | 2,367,950 | |
TOTAL QATAR | 24,861,855 | ||
Saudi Arabia - 2.9% | |||
EIG Pearl Holdings SARL 3.545% 8/31/36 (b) | 6,860,000 | 5,835,185 | |
Greensaif Pipelines Bidco SARL: | |||
6.129% 2/23/38 (b) | 2,260,000 | 2,304,725 | |
6.51% 2/23/42 (b) | 1,685,000 | 1,742,678 | |
SA Global Sukuk Ltd. 1.602% 6/17/26 (b) | 2,530,000 | 2,286,235 | |
Saudi Arabian Oil Co.: | |||
2.25% 11/24/30 (b) | 4,120,000 | 3,416,840 | |
3.25% 11/24/50 (b) | 4,170,000 | 2,882,513 | |
3.5% 4/16/29 (b) | 11,299,000 | 10,382,086 | |
4.25% 4/16/39 (b) | 3,505,000 | 3,079,072 | |
4.375% 4/16/49 (b) | 3,671,000 | 3,122,442 | |
TOTAL SAUDI ARABIA | 35,051,776 | ||
South Africa - 2.6% | |||
Eskom Holdings SOC Ltd.: | |||
6.35% 8/10/28 (b) | 3,515,000 | 3,265,048 | |
6.75% 8/6/23 (b) | 2,812,000 | 2,793,525 | |
7.125% 2/11/25 (b) | 8,380,000 | 8,226,730 | |
8.45% 8/10/28 (b) | 1,310,000 | 1,242,063 | |
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b) | 3,665,000 | 2,031,876 | |
MTN (Mauritius) Investments Ltd. 4.755% 11/11/24 (b) | 1,860,000 | 1,806,060 | |
Sasol Financing U.S.A. LLC: | |||
4.375% 9/18/26 | 5,555,000 | 4,921,952 | |
8.75% 5/3/29 (b) | 820,000 | 798,796 | |
Stillwater Mining Co.: | |||
4% 11/16/26 (b) | 3,120,000 | 2,769,187 | |
4.5% 11/16/29 (b) | 1,390,000 | 1,122,870 | |
The Bidvest Group UK PLC 3.625% 9/23/26 (b) | 1,985,000 | 1,767,107 | |
TOTAL SOUTH AFRICA | 30,745,214 | ||
Tanzania - 0.1% | |||
HTA Group Ltd. 7% 12/18/25 (b) | 1,915,000 | 1,809,311 | |
Ukraine - 0.3% | |||
Biz Finance PLC 9.75% 1/22/25 (b) | 1,174,000 | 997,900 | |
NAK Naftogaz Ukraine: | |||
7.375% (Reg. S) (e) | 3,687,000 | 2,083,155 | |
7.625% 11/8/26 (b) | 1,235,000 | 463,125 | |
TOTAL UKRAINE | 3,544,180 | ||
United Arab Emirates - 2.3% | |||
Abu Dhabi National Energy Co. PJSC: | |||
4% 10/3/49 (b) | 2,460,000 | 2,064,678 | |
4.696% 4/24/33 (b) | 1,945,000 | 1,927,981 | |
4.875% 4/23/30 (b) | 545,000 | 548,444 | |
DAE Funding LLC 1.55% 8/1/24 (b) | 3,570,000 | 3,373,472 | |
DP World Crescent Ltd.: | |||
3.7495% 1/30/30 (b) | 1,075,000 | 1,004,136 | |
3.875% 7/18/29 (Reg. S) | 3,900,000 | 3,682,419 | |
Galaxy Pipeline Assets BidCo Ltd. 2.625% 3/31/36 (b) | 5,915,000 | 4,771,098 | |
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b) | 2,095,000 | 2,028,421 | |
MDGH GMTN RSC Ltd.: | |||
2.875% 11/7/29 (b) | 1,515,000 | 1,363,591 | |
3.375% 3/28/32 (Reg. S) | 570,000 | 512,755 | |
4.375% 11/22/33 (b) | 1,715,000 | 1,654,975 | |
5.084% 5/22/53 (b) | 3,040,000 | 3,017,200 | |
5.5% 4/28/33 (b) | 1,620,000 | 1,699,915 | |
TOTAL UNITED ARAB EMIRATES | 27,649,085 | ||
United States of America - 0.3% | |||
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b) | 3,810,000 | 3,201,491 | |
Uzbekistan - 0.2% | |||
National Bank of Uzbekistan 4.85% 10/21/25 (Reg. S) | 1,725,000 | 1,626,986 | |
Uzbekneftegaz JSC 4.75% 11/16/28 (b) | 1,145,000 | 944,625 | |
TOTAL UZBEKISTAN | 2,571,611 | ||
Venezuela - 0.1% | |||
Petroleos de Venezuela SA: | |||
5.375% (e) | 6,115,000 | 185,344 | |
5.5% (e) | 3,475,000 | 121,625 | |
6% (b)(e) | 15,840,000 | 491,040 | |
6% (b)(e) | 8,980,000 | 314,300 | |
9.75% (b)(e) | 12,585,000 | 446,768 | |
12.75% (b)(e) | 3,065,000 | 110,340 | |
TOTAL VENEZUELA | 1,669,417 | ||
Vietnam - 0.2% | |||
Mong Duong Finance Holdings BV 5.125% 5/7/29 (b) | 2,770,000 | 2,426,132 | |
TOTAL NONCONVERTIBLE BONDS (Cost $496,753,408) | 411,271,687 | ||
Government Obligations - 59.9% | |||
Principal Amount (a) | Value ($) | ||
Angola - 1.6% | |||
Angola Republic: | |||
8% 11/26/29 (b) | 2,290,000 | 1,937,340 | |
8.25% 5/9/28 (b) | 5,065,000 | 4,486,932 | |
8.75% 4/14/32 (b) | 2,575,000 | 2,165,421 | |
9.125% 11/26/49 (b) | 3,555,000 | 2,735,644 | |
9.375% 5/8/48 (b) | 3,125,000 | 2,468,500 | |
9.5% 11/12/25 (b) | 5,565,000 | 5,419,865 | |
TOTAL ANGOLA | 19,213,702 | ||
Argentina - 1.9% | |||
Argentine Republic: | |||
0.5% 7/9/30 (f) | 24,444,632 | 8,107,551 | |
1% 7/9/29 | 4,963,783 | 1,609,953 | |
1.5% 7/9/35 (f) | 17,033,027 | 5,100,881 | |
3.875% 1/9/38 (f) | 10,211,997 | 3,584,207 | |
Buenos Aires Province 5.25% 9/1/37 (b)(f) | 3,235,000 | 1,234,153 | |
Provincia de Cordoba 6.875% 12/10/25 (b) | 3,450,368 | 2,587,776 | |
TOTAL ARGENTINA | 22,224,521 | ||
Armenia - 0.2% | |||
Republic of Armenia 3.6% 2/2/31 (b) | 3,805,000 | 2,973,037 | |
Bahrain - 0.2% | |||
Bahrain Kingdom 5.625% 5/18/34 (b) | 3,055,000 | 2,653,695 | |
Barbados - 0.2% | |||
Barbados Government 6.5% 10/1/29 (b) | 3,170,000 | 2,955,993 | |
Benin - 0.1% | |||
Republic of Benin 4.875% 1/19/32 (b) | EUR | 1,920,000 | 1,585,659 |
Bermuda - 0.4% | |||
Bermuda Government: | |||
2.375% 8/20/30 (b) | 525,000 | 436,086 | |
3.375% 8/20/50 (b) | 965,000 | 661,488 | |
3.717% 1/25/27 (b) | 620,000 | 588,169 | |
4.75% 2/15/29 (b) | 2,270,000 | 2,213,273 | |
5% 7/15/32 (b) | 1,005,000 | 980,187 | |
TOTAL BERMUDA | 4,879,203 | ||
Brazil - 1.7% | |||
Brazilian Federative Republic: | |||
3.875% 6/12/30 | 5,500,000 | 4,870,470 | |
4.75% 1/14/50 | 4,150,000 | 3,053,612 | |
5.625% 2/21/47 | 2,183,000 | 1,837,409 | |
6% 10/20/33 | 1,880,000 | 1,855,560 | |
7.125% 1/20/37 | 2,080,000 | 2,213,390 | |
8.25% 1/20/34 | 5,204,000 | 5,963,264 | |
TOTAL BRAZIL | 19,793,705 | ||
Cameroon - 0.2% | |||
Cameroon Republic 5.95% 7/7/32 (b) | EUR | 3,570,000 | 2,790,952 |
Chile - 1.5% | |||
Chilean Republic: | |||
2.45% 1/31/31 | 7,745,000 | 6,674,564 | |
3.1% 1/22/61 | 7,500,000 | 4,874,475 | |
3.5% 1/31/34 | 1,775,000 | 1,559,391 | |
4% 1/31/52 | 985,000 | 800,795 | |
4.34% 3/7/42 | 1,410,000 | 1,250,952 | |
5.33% 1/5/54 | 2,835,000 | 2,809,400 | |
TOTAL CHILE | 17,969,577 | ||
Colombia - 2.4% | |||
Colombian Republic: | |||
3% 1/30/30 | 10,600,000 | 8,258,672 | |
3.125% 4/15/31 | 4,300,000 | 3,247,661 | |
3.875% 2/15/61 | 1,490,000 | 832,716 | |
4.125% 5/15/51 | 3,120,000 | 1,863,670 | |
5% 6/15/45 | 8,500,000 | 5,895,175 | |
5.2% 5/15/49 | 5,390,000 | 3,736,618 | |
6.125% 1/18/41 | 1,475,000 | 1,198,836 | |
7.375% 9/18/37 | 845,000 | 804,533 | |
7.5% 2/2/34 | 1,110,000 | 1,085,147 | |
8% 4/20/33 | 1,720,000 | 1,748,810 | |
TOTAL COLOMBIA | 28,671,838 | ||
Costa Rica - 1.0% | |||
Costa Rican Republic: | |||
5.625% 4/30/43 (b) | 3,955,000 | 3,389,435 | |
6.125% 2/19/31 (b) | 3,720,000 | 3,689,608 | |
6.55% 4/3/34 (b) | 2,750,000 | 2,755,225 | |
7% 4/4/44 (b) | 1,965,000 | 1,909,941 | |
TOTAL COSTA RICA | 11,744,209 | ||
Dominican Republic - 3.3% | |||
Dominican Republic: | |||
4.5% 1/30/30 (b) | 7,180,000 | 6,275,176 | |
4.875% 9/23/32 (b) | 6,360,000 | 5,412,424 | |
5.3% 1/21/41 (b) | 2,450,000 | 1,928,126 | |
5.875% 1/30/60 (b) | 5,220,000 | 4,025,873 | |
5.95% 1/25/27 (b) | 4,186,000 | 4,093,155 | |
6% 7/19/28 (b) | 2,999,000 | 2,916,677 | |
6.4% 6/5/49 (b) | 1,662,000 | 1,411,337 | |
6.5% 2/15/48 (b) | 3,345,000 | 2,889,645 | |
6.85% 1/27/45 (b) | 4,046,000 | 3,662,682 | |
7.05% 2/3/31 (b) | 1,215,000 | 1,210,286 | |
7.45% 4/30/44 (b) | 6,031,000 | 5,885,834 | |
TOTAL DOMINICAN REPUBLIC | 39,711,215 | ||
Ecuador - 1.0% | |||
Ecuador Republic: | |||
1.5% 7/31/40 (b)(f) | 2,800,000 | 864,640 | |
2.5% 7/31/35 (b)(f) | 14,640,000 | 5,054,899 | |
5.5% 7/31/30 (b)(f) | 12,685,000 | 6,106,940 | |
TOTAL ECUADOR | 12,026,479 | ||
Egypt - 2.0% | |||
Arab Republic of Egypt: | |||
5.875% 2/16/31 (b) | 2,625,000 | 1,440,023 | |
7.0529% 1/15/32 (b) | 830,000 | 468,909 | |
7.5% 1/31/27 (b) | 5,596,000 | 4,054,918 | |
7.5% 2/16/61 (b) | 6,070,000 | 3,025,713 | |
7.6003% 3/1/29 (b) | 8,726,000 | 5,622,162 | |
7.903% 2/21/48 (b) | 3,265,000 | 1,671,451 | |
8.5% 1/31/47 (b) | 7,939,000 | 4,204,653 | |
8.7002% 3/1/49 (b) | 3,665,000 | 1,963,780 | |
8.875% 5/29/50 (b) | 1,945,000 | 1,043,668 | |
TOTAL EGYPT | 23,495,277 | ||
El Salvador - 0.3% | |||
El Salvador Republic: | |||
6.375% 1/18/27 (b) | 435,000 | 299,567 | |
7.1246% 1/20/50 (b) | 3,292,000 | 1,819,126 | |
7.625% 2/1/41 (b) | 1,035,000 | 584,775 | |
7.65% 6/15/35 (b) | 1,185,000 | 696,543 | |
TOTAL EL SALVADOR | 3,400,011 | ||
Gabon - 0.4% | |||
Gabonese Republic: | |||
6.95% 6/16/25 (b) | 2,410,000 | 2,259,881 | |
7% 11/24/31 (b) | 3,620,000 | 2,871,348 | |
TOTAL GABON | 5,131,229 | ||
Georgia - 0.2% | |||
Georgia Republic 2.75% 4/22/26 (b) | 2,915,000 | 2,611,374 | |
Ghana - 0.7% | |||
Ghana Republic: | |||
7.75% (b)(e) | 3,695,000 | 1,562,985 | |
8.125% (b)(e) | 1,603,076 | 719,156 | |
8.125% (b)(e) | 6,670,000 | 2,818,475 | |
8.627% (b)(e) | 2,845,000 | 1,153,875 | |
10.75% 10/14/30 (b) | 3,025,000 | 2,027,658 | |
TOTAL GHANA | 8,282,149 | ||
Guatemala - 0.6% | |||
Guatemalan Republic: | |||
4.9% 6/1/30 (b) | 485,000 | 451,496 | |
5.25% 8/10/29 (b) | 1,200,000 | 1,141,104 | |
5.375% 4/24/32 (b) | 2,015,000 | 1,909,636 | |
6.125% 6/1/50 (b) | 1,355,000 | 1,245,096 | |
6.6% 6/13/36 (b) | 2,215,000 | 2,229,398 | |
TOTAL GUATEMALA | 6,976,730 | ||
Hungary - 1.0% | |||
Hungarian Republic: | |||
2.125% 9/22/31 (b) | 2,950,000 | 2,281,589 | |
3.125% 9/21/51 (b) | 5,810,000 | 3,605,628 | |
5.25% 6/16/29 (b) | 1,585,000 | 1,539,606 | |
5.5% 6/16/34 (b) | 1,650,000 | 1,598,636 | |
6.25% 9/22/32 (b) | 1,125,000 | 1,152,563 | |
6.75% 9/25/52 (b) | 1,150,000 | 1,185,478 | |
TOTAL HUNGARY | 11,363,500 | ||
Indonesia - 2.7% | |||
Indonesian Republic: | |||
3.85% 10/15/30 | 2,650,000 | 2,482,918 | |
5.125% 1/15/45 (b) | 3,353,000 | 3,328,423 | |
5.25% 1/17/42 (b) | 3,000,000 | 2,999,550 | |
5.45% 9/20/52 | 2,955,000 | 2,999,680 | |
5.95% 1/8/46 (b) | 2,100,000 | 2,276,505 | |
6.625% 2/17/37 (b) | 3,549,000 | 4,040,537 | |
6.75% 1/15/44 (b) | 3,035,000 | 3,556,413 | |
7.75% 1/17/38 (b) | 4,298,000 | 5,366,698 | |
8.5% 10/12/35 (b) | 4,169,000 | 5,413,113 | |
TOTAL INDONESIA | 32,463,837 | ||
Ivory Coast - 0.8% | |||
Ivory Coast: | |||
5.875% 10/17/31 (b) | EUR | 3,125,000 | 2,846,395 |
6.125% 6/15/33 (b) | 2,050,000 | 1,789,630 | |
6.375% 3/3/28 (b) | 5,580,000 | 5,365,226 | |
TOTAL IVORY COAST | 10,001,251 | ||
Jamaica - 0.2% | |||
Jamaican Government 7.875% 7/28/45 | 1,685,000 | 1,936,082 | |
Jordan - 0.7% | |||
Jordanian Kingdom: | |||
5.85% 7/7/30 (b) | 2,325,000 | 2,121,516 | |
6.125% 1/29/26 (b) | 985,000 | 965,182 | |
7.375% 10/10/47 (b) | 2,005,000 | 1,721,333 | |
7.5% 1/13/29 (b) | 1,410,000 | 1,406,264 | |
7.75% 1/15/28 (b) | 1,725,000 | 1,755,567 | |
TOTAL JORDAN | 7,969,862 | ||
Kenya - 0.9% | |||
Republic of Kenya: | |||
6.3% 1/23/34 (b) | 3,575,000 | 2,691,510 | |
6.875% 6/24/24 (b) | 3,235,000 | 3,064,354 | |
7% 5/22/27 (b) | 4,840,000 | 4,345,884 | |
7.25% 2/28/28 (b) | 570,000 | 492,765 | |
8% 5/22/32 (b) | 685,000 | 577,078 | |
TOTAL KENYA | 11,171,591 | ||
Lebanon - 0.1% | |||
Lebanese Republic: | |||
5.8% (e) | 5,875,000 | 377,234 | |
6% (e) | 1,587,000 | 103,155 | |
6.1% (e) | 685,000 | 43,984 | |
6.375% (e) | 7,072,000 | 456,766 | |
TOTAL LEBANON | 981,139 | ||
Mexico - 2.4% | |||
United Mexican States: | |||
3.25% 4/16/30 | 4,960,000 | 4,408,994 | |
3.75% 1/11/28 | 3,415,000 | 3,247,426 | |
4.5% 4/22/29 | 2,040,000 | 1,978,474 | |
4.75% 4/27/32 | 970,000 | 925,700 | |
5.75% 10/12/2110 | 3,295,000 | 2,938,811 | |
6.05% 1/11/40 | 10,222,000 | 10,370,219 | |
6.338% 5/4/53 | 1,695,000 | 1,725,510 | |
6.35% 2/9/35 | 2,485,000 | 2,606,815 | |
TOTAL MEXICO | 28,201,949 | ||
Mongolia - 0.1% | |||
Mongolia Government 5.125% 4/7/26 (b) | 1,240,000 | 1,156,176 | |
Morocco - 0.2% | |||
Moroccan Kingdom 6.5% 9/8/33 (b) | 2,740,000 | 2,817,104 | |
Nigeria - 2.0% | |||
Republic of Nigeria: | |||
6.125% 9/28/28 (b) | 4,880,000 | 4,056,695 | |
6.5% 11/28/27 (b) | 5,087,000 | 4,415,872 | |
7.143% 2/23/30 (b) | 1,955,000 | 1,635,318 | |
7.625% 11/21/25 (b) | 6,193,000 | 5,907,193 | |
7.625% 11/28/47 (b) | 5,315,000 | 3,763,445 | |
7.696% 2/23/38 (b) | 980,000 | 731,688 | |
7.875% 2/16/32 (b) | 1,635,000 | 1,366,713 | |
8.375% 3/24/29 (b) | 2,435,000 | 2,186,825 | |
TOTAL NIGERIA | 24,063,749 | ||
Oman - 2.8% | |||
Sultanate of Oman: | |||
4.75% 6/15/26 (b) | 1,002,000 | 972,571 | |
5.375% 3/8/27 (b) | 3,921,000 | 3,840,267 | |
5.625% 1/17/28 (b) | 6,505,000 | 6,419,004 | |
6% 8/1/29 (b) | 3,625,000 | 3,618,149 | |
6.25% 1/25/31 (b) | 1,610,000 | 1,630,028 | |
6.5% 3/8/47 (b) | 8,100,000 | 7,526,520 | |
6.75% 10/28/27 (b) | 1,585,000 | 1,636,021 | |
6.75% 1/17/48 (b) | 7,720,000 | 7,399,852 | |
TOTAL OMAN | 33,042,412 | ||
Pakistan - 0.6% | |||
Islamic Republic of Pakistan: | |||
6% 4/8/26 (b) | 6,130,000 | 2,948,775 | |
6.875% 12/5/27 (b) | 5,905,000 | 2,796,962 | |
7.875% 3/31/36 (b) | 2,025,000 | 915,503 | |
TOTAL PAKISTAN | 6,661,240 | ||
Panama - 1.9% | |||
Panamanian Republic: | |||
2.252% 9/29/32 | 5,065,000 | 3,863,481 | |
3.16% 1/23/30 | 3,670,000 | 3,210,259 | |
3.298% 1/19/33 | 5,355,000 | 4,454,878 | |
3.87% 7/23/60 | 3,880,000 | 2,555,872 | |
4.3% 4/29/53 | 1,795,000 | 1,333,003 | |
4.5% 5/15/47 | 2,005,000 | 1,580,862 | |
4.5% 4/16/50 | 2,680,000 | 2,062,340 | |
6.4% 2/14/35 | 2,700,000 | 2,808,243 | |
6.853% 3/28/54 | 1,030,000 | 1,069,552 | |
TOTAL PANAMA | 22,938,490 | ||
Paraguay - 0.8% | |||
Republic of Paraguay: | |||
2.739% 1/29/33 (b) | 1,305,000 | 1,045,018 | |
4.95% 4/28/31 (b) | 3,865,000 | 3,706,187 | |
5.4% 3/30/50 (b) | 3,925,000 | 3,362,116 | |
5.6% 3/13/48 (b) | 1,925,000 | 1,687,166 | |
TOTAL PARAGUAY | 9,800,487 | ||
Peru - 1.1% | |||
Peruvian Republic: | |||
2.783% 1/23/31 | 3,585,000 | 3,069,513 | |
3% 1/15/34 | 5,225,000 | 4,320,709 | |
3.3% 3/11/41 | 7,075,000 | 5,428,223 | |
TOTAL PERU | 12,818,445 | ||
Philippines - 0.7% | |||
Philippine Republic: | |||
2.65% 12/10/45 | 2,130,000 | 1,428,634 | |
2.95% 5/5/45 | 865,000 | 615,223 | |
5% 7/17/33 | 1,135,000 | 1,148,155 | |
5.5% 1/17/48 | 1,005,000 | 1,033,080 | |
5.609% 4/13/33 | 1,670,000 | 1,758,243 | |
5.95% 10/13/47 | 2,670,000 | 2,893,880 | |
TOTAL PHILIPPINES | 8,877,215 | ||
Poland - 0.3% | |||
Bank Gospodarstwa Krajowego 5.375% 5/22/33 (b) | 1,050,000 | 1,039,500 | |
Polish Government 5.5% 4/4/53 | 1,945,000 | 1,952,547 | |
TOTAL POLAND | 2,992,047 | ||
Qatar - 2.7% | |||
State of Qatar: | |||
3.75% 4/16/30 (b) | 10,275,000 | 9,878,899 | |
4% 3/14/29 (b) | 3,585,000 | 3,498,351 | |
4.4% 4/16/50 (b) | 9,660,000 | 8,768,865 | |
4.817% 3/14/49 (b) | 8,149,000 | 7,821,655 | |
5.103% 4/23/48 (b) | 2,960,000 | 2,944,046 | |
TOTAL QATAR | 32,911,816 | ||
Romania - 1.7% | |||
Romanian Republic: | |||
3% 2/27/27 (b) | 2,618,000 | 2,366,672 | |
3% 2/14/31 (b) | 9,651,000 | 7,986,782 | |
3.375% 1/28/50 (Reg. S) | EUR | 3,875,000 | 2,639,959 |
3.625% 3/27/32 (b) | 2,618,000 | 2,223,808 | |
4% 2/14/51 (b) | 3,100,000 | 2,206,208 | |
7.125% 1/17/33 (b) | 1,150,000 | 1,219,069 | |
7.625% 1/17/53 (b) | 1,138,000 | 1,254,645 | |
TOTAL ROMANIA | 19,897,143 | ||
Russia - 0.2% | |||
Ministry of Finance of the Russian Federation: | |||
4.375% (Reg. S) (e)(g) | 2,800,000 | 1,176,000 | |
5.1% (Reg. S) (e)(g) | 3,400,000 | 1,428,000 | |
TOTAL RUSSIA | 2,604,000 | ||
Rwanda - 0.2% | |||
Rwanda Republic 5.5% 8/9/31 (b) | 3,410,000 | 2,559,989 | |
Saudi Arabia - 1.4% | |||
Kingdom of Saudi Arabia: | |||
2.25% 2/2/33 (b) | 4,030,000 | 3,243,022 | |
3.45% 2/2/61 (b) | 2,775,000 | 1,947,273 | |
3.625% 3/4/28 (b) | 1,770,000 | 1,675,040 | |
3.75% 1/21/55 (b) | 3,755,000 | 2,833,673 | |
4.5% 10/26/46 (b) | 3,471,000 | 3,034,001 | |
4.5% 4/22/60 (b) | 2,055,000 | 1,775,356 | |
4.625% 10/4/47 (b) | 3,040,000 | 2,699,672 | |
TOTAL SAUDI ARABIA | 17,208,037 | ||
Senegal - 0.3% | |||
Republic of Senegal: | |||
6.25% 5/23/33 (b) | 2,700,000 | 2,252,070 | |
6.75% 3/13/48 (b) | 1,385,000 | 988,987 | |
TOTAL SENEGAL | 3,241,057 | ||
Serbia - 0.5% | |||
Republic of Serbia: | |||
2.125% 12/1/30 (b) | 5,110,000 | 3,911,143 | |
6.25% 5/26/28 (b) | 865,000 | 859,525 | |
6.5% 9/26/33 (b) | 1,435,000 | 1,403,229 | |
TOTAL SERBIA | 6,173,897 | ||
South Africa - 1.0% | |||
South African Republic: | |||
4.85% 9/30/29 | 2,130,000 | 1,870,864 | |
5% 10/12/46 | 880,000 | 583,695 | |
5.65% 9/27/47 | 6,075,000 | 4,297,091 | |
5.75% 9/30/49 | 7,030,000 | 4,968,874 | |
TOTAL SOUTH AFRICA | 11,720,524 | ||
Sri Lanka - 0.8% | |||
Democratic Socialist Republic of Sri Lanka: | |||
6.2% (b)(e) | 4,350,000 | 1,892,250 | |
6.825% (b)(e) | 3,085,000 | 1,434,481 | |
6.85% (b)(e) | 5,000,000 | 2,311,800 | |
7.55% (b)(e) | 3,405,000 | 1,481,175 | |
7.85% (b)(e) | 6,363,000 | 2,785,403 | |
TOTAL SRI LANKA | 9,905,109 | ||
Turkey - 2.8% | |||
Turkish Republic: | |||
4.75% 1/26/26 | 2,030,000 | 1,849,350 | |
4.875% 4/16/43 | 5,290,000 | 3,385,388 | |
5.125% 2/17/28 | 3,070,000 | 2,663,379 | |
5.75% 5/11/47 | 4,040,000 | 2,757,462 | |
5.95% 1/15/31 | 2,685,000 | 2,259,132 | |
6% 1/14/41 | 4,622,000 | 3,389,035 | |
6.125% 10/24/28 | 2,140,000 | 1,907,361 | |
6.375% 10/14/25 | 4,480,000 | 4,267,514 | |
6.625% 2/17/45 | 150,000 | 114,681 | |
6.75% 5/30/40 | 2,112,000 | 1,672,810 | |
9.125% 7/13/30 | 3,825,000 | 3,784,532 | |
9.375% 3/14/29 | 5,270,000 | 5,269,473 | |
9.375% 1/19/33 | 515,000 | 515,644 | |
TOTAL TURKEY | 33,835,761 | ||
Ukraine - 0.9% | |||
Ukraine Government: | |||
6.876% 5/21/31 (b) | 3,585,000 | 809,493 | |
7.253% 3/15/35 (b) | 3,445,000 | 788,113 | |
7.375% 9/25/34 (b) | 2,130,000 | 492,030 | |
7.75% 9/1/24 (b) | 9,099,000 | 2,225,888 | |
7.75% 9/1/25 (b) | 9,100,000 | 2,283,190 | |
7.75% 9/1/26 (b) | 5,364,000 | 1,277,222 | |
7.75% 9/1/27 (b) | 1,750,000 | 413,963 | |
7.75% 9/1/28 (b) | 1,895,000 | 451,313 | |
7.75% 9/1/29 (b) | 2,594,000 | 615,971 | |
7.75% 8/1/41 (b)(d) | 2,230,000 | 888,655 | |
9.75% 11/1/30 (b) | 425,000 | 104,763 | |
TOTAL UKRAINE | 10,350,601 | ||
United Arab Emirates - 1.4% | |||
Abu Dhabi National Energy Co. PJSC 4.375% 1/24/29 (b) | 1,740,000 | 1,711,725 | |
Emirate of Abu Dhabi: | |||
3.125% 9/30/49 (b) | 13,102,000 | 9,563,150 | |
3.875% 4/16/50 (b) | 2,990,000 | 2,509,328 | |
Emirate of Dubai 3.9% 9/9/50 (Reg. S) | 4,165,000 | 3,001,965 | |
TOTAL UNITED ARAB EMIRATES | 16,786,168 | ||
United States of America - 4.8% | |||
U.S. Treasury Bonds: | |||
2.875% 5/15/52 | 40,530,000 | 33,587,625 | |
3.25% 5/15/42 | 9,177,000 | 8,189,039 | |
3.625% 2/15/53 | 4,872,000 | 4,675,598 | |
U.S. Treasury Notes: | |||
3.625% 3/31/30 | 4,389,000 | 4,293,333 | |
3.75% 5/31/30 | 3,633,000 | 3,582,479 | |
4% 2/28/30 | 2,772,000 | 2,770,051 | |
TOTAL UNITED STATES OF AMERICA | 57,098,125 | ||
Uruguay - 0.5% | |||
Uruguay Republic 5.1% 6/18/50 | 6,360,000 | 6,347,852 | |
Uzbekistan - 0.4% | |||
Republic of Uzbekistan: | |||
3.7% 11/25/30 (b) | 1,595,000 | 1,284,007 | |
3.9% 10/19/31 (b) | 2,880,000 | 2,311,200 | |
5.375% 2/20/29 (b) | 1,145,000 | 1,046,118 | |
TOTAL UZBEKISTAN | 4,641,325 | ||
Venezuela - 0.3% | |||
Venezuelan Republic: | |||
9.25% (e) | 27,915,000 | 2,372,775 | |
11.95% (Reg. S) (e) | 17,015,000 | 1,488,813 | |
12.75% (e) | 3,625,000 | 308,125 | |
TOTAL VENEZUELA | 4,169,713 | ||
Vietnam - 0.6% | |||
Vietnamese Socialist Republic 5.5% 3/12/28 | 8,017,750 | 7,669,860 | |
Zambia - 0.2% | |||
Republic of Zambia: | |||
8.5% (b)(e) | 585,000 | 339,031 | |
8.97% (b)(e) | 2,560,000 | 1,468,698 | |
TOTAL ZAMBIA | 1,807,729 | ||
TOTAL GOVERNMENT OBLIGATIONS (Cost $860,342,565) | 717,275,837 | ||
Common Stocks - 0.0% | |||
Shares | Value ($) | ||
Kazakhstan - 0.0% | |||
Nostrum Oil & Gas LP warrants (g)(h) (Cost $0) | 266,460 | 3 | |
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Brazil - 0.1% | |||
Azul SA (h) (Cost $671,597) | 216,200 | 987,037 | |
Preferred Securities - 1.5% | |||
Principal Amount (a) | Value ($) | ||
Kuwait - 0.1% | |||
NBK Tier 1 Financing 2 Ltd. 4.5% (b)(d)(i) | 1,890,000 | 1,739,124 | |
Mexico - 0.6% | |||
Banco Mercantil del Norte SA: | |||
6.75% (b)(d)(i) | 2,130,000 | 2,043,892 | |
7.625% (b)(d)(i) | 2,545,000 | 2,341,591 | |
CEMEX S.A.B. de CV 5.125% (b)(d)(i) | 3,625,000 | 3,281,624 | |
TOTAL MEXICO | 7,667,107 | ||
Russia - 0.1% | |||
Tinkoff Credit Systems 6% (b)(d)(e)(g)(i) | 1,625,000 | 690,625 | |
United Arab Emirates - 0.7% | |||
DP World Salaam 6% (Reg. S) (d)(i) | 4,625,000 | 4,712,324 | |
Emirates NBD Bank PJSC 6.125% (Reg. S) (d)(i) | 3,255,000 | 3,274,183 | |
TOTAL UNITED ARAB EMIRATES | 7,986,507 | ||
TOTAL PREFERRED SECURITIES (Cost $20,628,758) | 18,083,363 | ||
Money Market Funds - 1.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.14% (j) (Cost $19,461,148) | 19,457,257 | 19,461,148 | |
TOTAL INVESTMENT IN SECURITIES - 97.4% (Cost $1,397,857,476) | 1,167,079,075 |
NET OTHER ASSETS (LIABILITIES) - 2.6% | 31,408,989 |
NET ASSETS - 100.0% | 1,198,488,064 |
EUR | - | European Monetary Unit |
(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 $768,232,050 or 64.1% of net assets. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(d) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(e) | Non-income producing - Security is in default. |
(f) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(g) | Level 3 security |
(h) | Non-income producing |
(i) | Security is perpetual in nature with no stated maturity date. |
(j) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.14% | 14,215,744 | 244,917,443 | 239,672,039 | 452,362 | - | - | 19,461,148 | 0.0% |
Total | 14,215,744 | 244,917,443 | 239,672,039 | 452,362 | - | - | 19,461,148 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Energy | 3 | - | - | 3 |
Industrials | 987,037 | 987,037 | - | - |
Corporate Bonds | 411,271,687 | - | 411,271,687 | - |
Government Obligations | 717,275,837 | - | 714,671,837 | 2,604,000 |
Preferred Securities | 18,083,363 | - | 17,392,738 | 690,625 |
Money Market Funds | 19,461,148 | 19,461,148 | - | - |
Total Investments in Securities: | 1,167,079,075 | 20,448,185 | 1,143,336,262 | 3,294,628 |
Statement of Assets and Liabilities | ||||
June 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,378,396,328) | $ | 1,147,617,927 | ||
Fidelity Central Funds (cost $19,461,148) | 19,461,148 | |||
Total Investment in Securities (cost $1,397,857,476) | $ | 1,167,079,075 | ||
Cash | 1,170,174 | |||
Foreign currency held at value (cost $21) | 21 | |||
Receivable for investments sold | 3,996,690 | |||
Receivable for fund shares sold | 9,519,916 | |||
Interest receivable | 23,537,098 | |||
Distributions receivable from Fidelity Central Funds | 98,886 | |||
Total assets | 1,205,401,860 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 4,348,691 | ||
Delayed delivery | 1,300,000 | |||
Payable for fund shares redeemed | 1,263,763 | |||
Other payables and accrued expenses | 1,342 | |||
Total Liabilities | 6,913,796 | |||
Net Assets | $ | 1,198,488,064 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,612,437,639 | ||
Total accumulated earnings (loss) | (413,949,575) | |||
Net Assets | $ | 1,198,488,064 | ||
Net Asset Value , offering price and redemption price per share ($1,198,488,064 ÷ 161,916,165 shares) | $ | 7.40 |
Statement of Operations | ||||
Six months ended June 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 476,447 | ||
Interest | 40,628,242 | |||
Income from Fidelity Central Funds | 452,362 | |||
Income before foreign taxes withheld | $ | 41,557,051 | ||
Less foreign taxes withheld | (4,678) | |||
Total Income | 41,552,373 | |||
Expenses | ||||
Custodian fees and expenses | $ | 2,589 | ||
Independent trustees' fees and expenses | 3,895 | |||
Legal | 1,325 | |||
Total expenses before reductions | 7,809 | |||
Expense reductions | (3,100) | |||
Total expenses after reductions | 4,709 | |||
Net Investment income (loss) | 41,547,664 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (29,160,279) | |||
Foreign currency transactions | (2,057) | |||
Total net realized gain (loss) | (29,162,336) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 32,877,099 | |||
Assets and liabilities in foreign currencies | 3,122 | |||
Total change in net unrealized appreciation (depreciation) | 32,880,221 | |||
Net gain (loss) | 3,717,885 | |||
Net increase (decrease) in net assets resulting from operations | $ | 45,265,549 |
Statement of Changes in Net Assets | ||||
Six months ended June 30, 2023 (Unaudited) | Year ended December 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 41,547,664 | $ | 74,504,061 |
Net realized gain (loss) | (29,162,336) | (93,556,949) | ||
Change in net unrealized appreciation (depreciation) | 32,880,221 | (187,642,052) | ||
Net increase (decrease) in net assets resulting from operations | 45,265,549 | (206,694,940) | ||
Distributions to shareholders | (34,878,914) | (66,732,572) | ||
Share transactions | ||||
Proceeds from sales of shares | 60,708,035 | 118,610,757 | ||
Reinvestment of distributions | 34,878,914 | 66,626,169 | ||
Cost of shares redeemed | (68,352,811) | (193,506,975) | ||
Net increase (decrease) in net assets resulting from share transactions | 27,234,138 | (8,270,049) | ||
Total increase (decrease) in net assets | 37,620,773 | (281,697,561) | ||
Net Assets | ||||
Beginning of period | 1,160,867,291 | 1,442,564,852 | ||
End of period | $ | 1,198,488,064 | $ | 1,160,867,291 |
Other Information | ||||
Shares | ||||
Sold | 8,223,595 | 15,614,535 | ||
Issued in reinvestment of distributions | 4,731,453 | 8,801,859 | ||
Redeemed | (9,265,105) | (25,220,427) | ||
Net increase (decrease) | 3,689,943 | (804,033) | ||
Fidelity® Series Emerging Markets Debt Fund |
Six months ended (Unaudited) June 30, 2023 | Years ended December 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.34 | $ | 9.07 | $ | 9.54 | $ | 9.60 | $ | 9.22 | $ | 10.25 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .261 | .470 | .456 | .519 | .604 | .576 | ||||||
Net realized and unrealized gain (loss) | .018 | (1.779) | (.515) | (.103) | .341 | (1.045) | ||||||
Total from investment operations | .279 | (1.309) | (.059) | .416 | .945 | (.469) | ||||||
Distributions from net investment income | (.219) | (.421) | (.411) | (.476) | (.565) | (.561) | ||||||
Total distributions | (.219) | (.421) | (.411) | (.476) | (.565) | (.561) | ||||||
Net asset value, end of period | $ | 7.40 | $ | 7.34 | $ | 9.07 | $ | 9.54 | $ | 9.60 | $ | 9.22 |
Total Return C,D | 3.85% | (14.45)% | (.60)% | 4.75% | 10.46% | (4.66)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions G | -% H | -% | -% | -% | -% | -% | ||||||
Expenses net of fee waivers, if any G | -% H | -% | -% | -% | -% | -% | ||||||
Expenses net of all reductions G | -% H | -% | -% | -% | -% | -% | ||||||
Net investment income (loss) | 7.15% H | 6.12% | 4.93% | 5.73% | 6.35% | 5.95% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,198,488 | $ | 1,160,867 | $ | 1,442,565 | $ | 1,456,242 | $ | 1,463,941 | $ | 1,254,003 |
Portfolio turnover rate I | 31% H | 27% | 29% | 84% | 61% J | 43% |
Top Bond Issuers (% of Fund's net assets) | ||
(with maturities greater than one year) | ||
United Mexican States | 10.1 | |
Indonesian Republic | 9.4 | |
South African Republic | 8.7 | |
Malaysian Government | 6.9 | |
Brazil Letras Do Tesouro Nacio | 5.2 | |
Brazilian Federative Republic | 5.2 | |
Polish Government | 4.8 | |
Kingdom of Thailand | 4.5 | |
Czech Republic | 4.4 | |
Colombian Republic | 4.3 | |
63.5 | ||
Quality Diversification (% of Fund's net assets) |
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. |
Asset Allocation (% of Fund's net assets) |
Forward foreign currency contracts - 16.7% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Foreign Government and Government Agency Obligations - 81.5% | |||
Principal Amount (a) | Value ($) | ||
Brazil - 10.4% | |||
Brazil Letras Do Tesouro Nacio, yield at date of purchase 5.8628% to 13.7798% 7/1/23 to 1/1/26 | BRL | 113,020,000 | 21,037,214 |
Brazilian Federative Republic: | |||
10% 1/1/25 | BRL | 28,750,000 | 5,931,266 |
10% 1/1/27 | BRL | 38,000,000 | 7,876,362 |
10% 1/1/29 | BRL | 12,250,000 | 2,498,477 |
10% 1/1/31 | BRL | 10,000,000 | 2,023,042 |
10% 1/1/33 | BRL | 12,550,000 | 2,514,657 |
TOTAL BRAZIL | 41,881,018 | ||
Chile - 2.4% | |||
Chilean Republic: | |||
4.5% 3/1/26 | CLP | 2,825,000,000 | 3,425,539 |
4.7% 9/1/30 (Reg. S) (b) | CLP | 1,000,000,000 | 1,204,654 |
5% 3/1/35 | CLP | 950,000,000 | 1,171,546 |
6% 4/1/33 (Reg. S) (b) | CLP | 1,500,000,000 | 1,974,405 |
6% 1/1/43 | CLP | 1,275,000,000 | 1,753,518 |
TOTAL CHILE | 9,529,662 | ||
China - 4.1% | |||
Peoples Republic of China: | |||
2.68% 5/21/30 | CNY | 48,750,000 | 6,733,138 |
2.88% 2/25/33 | CNY | 28,000,000 | 3,917,896 |
3.12% 10/25/52 | CNY | 7,500,000 | 1,044,704 |
3.81% 9/14/50 | CNY | 32,250,000 | 5,004,349 |
TOTAL CHINA | 16,700,087 | ||
Colombia - 4.3% | |||
Colombian Republic: | |||
5.75% 11/3/27 | COP | 31,100,000,000 | 6,410,344 |
6% 4/28/28 | COP | 1,850,000,000 | 379,367 |
7% 6/30/32 | COP | 20,800,000,000 | 4,077,598 |
7.25% 10/18/34 | COP | 6,500,000,000 | 1,252,023 |
7.25% 10/26/50 | COP | 8,500,000,000 | 1,436,924 |
7.5% 8/26/26 | COP | 5,075,000,000 | 1,139,878 |
9.25% 5/28/42 | COP | 12,000,000,000 | 2,574,481 |
TOTAL COLOMBIA | 17,270,615 | ||
Czech Republic - 4.4% | |||
Czech Republic: | |||
0.45% 10/25/23 | CZK | 42,500,000 | 1,910,502 |
0.95% 5/15/30 (Reg. S) | CZK | 175,750,000 | 6,424,505 |
1.2% 3/13/31 | CZK | 45,000,000 | 1,636,765 |
1.5% 4/24/40 | CZK | 27,000,000 | 802,050 |
2% 10/13/33 | CZK | 133,500,000 | 4,928,353 |
5.7% 5/25/24 | CZK | 44,500,000 | 2,039,626 |
TOTAL CZECH REPUBLIC | 17,741,801 | ||
Dominican Republic - 0.3% | |||
Dominican Republic: | |||
9.75% 6/5/26 (Reg. S) | DOP | 26,500,000 | 485,445 |
13.625% 2/3/33 (b) | DOP | 38,500,000 | 858,674 |
TOTAL DOMINICAN REPUBLIC | 1,344,119 | ||
Egypt - 0.3% | |||
Arab Republic of Egypt: | |||
14.556% 10/13/27 | EGP | 36,000,000 | 879,147 |
16.1% 5/7/29 | EGP | 12,000,000 | 289,276 |
TOTAL EGYPT | 1,168,423 | ||
Hungary - 3.1% | |||
Hungarian Republic: | |||
2.25% 6/22/34 | HUF | 470,000,000 | 904,075 |
2.75% 12/22/26 | HUF | 1,144,000,000 | 2,780,728 |
3% 10/27/38 | HUF | 495,000,000 | 930,176 |
3.25% 10/22/31 | HUF | 892,000,000 | 2,018,298 |
5.5% 6/24/25 | HUF | 400,000,000 | 1,085,882 |
6.75% 10/22/28 | HUF | 1,653,000,000 | 4,634,338 |
TOTAL HUNGARY | 12,353,497 | ||
Indonesia - 9.4% | |||
Indonesian Republic: | |||
6.375% 4/15/32 | IDR | 51,000,000,000 | 3,413,607 |
6.5% 2/15/31 | IDR | 48,500,000,000 | 3,264,065 |
7.125% 6/15/38 | IDR | 14,250,000,000 | 1,009,405 |
7.125% 6/15/42 | IDR | 28,000,000,000 | 1,951,931 |
7.125% 6/15/43 | IDR | 6,000,000,000 | 423,212 |
7.5% 4/15/40 | IDR | 61,750,000,000 | 4,435,868 |
8.25% 5/15/29 | IDR | 123,500,000,000 | 9,065,316 |
8.25% 5/15/36 | IDR | 44,750,000,000 | 3,434,403 |
8.375% 9/15/26 | IDR | 112,250,000,000 | 8,014,916 |
8.375% 3/15/34 | IDR | 19,788,000,000 | 1,515,859 |
8.375% 4/15/39 | IDR | 17,250,000,000 | 1,335,818 |
TOTAL INDONESIA | 37,864,400 | ||
Kazakhstan - 0.2% | |||
Kazakhstan Republic 10.5% 8/4/26 | KZT | 440,000,000 | 891,890 |
Malaysia - 6.9% | |||
Malaysian Government: | |||
3.519% 4/20/28 | MYR | 12,250,000 | 2,612,406 |
3.582% 7/15/32 | MYR | 25,750,000 | 5,397,763 |
3.757% 5/22/40 | MYR | 10,000,000 | 2,041,585 |
3.828% 7/5/34 | MYR | 14,300,000 | 3,017,017 |
3.885% 8/15/29 | MYR | 13,000,000 | 2,798,558 |
4.065% 6/15/50 | MYR | 14,500,000 | 3,020,008 |
4.696% 10/15/42 | MYR | 6,450,000 | 1,489,463 |
4.762% 4/7/37 | MYR | 20,000,000 | 4,597,622 |
4.893% 6/8/38 | MYR | 12,000,000 | 2,818,091 |
TOTAL MALAYSIA | 27,792,513 | ||
Mexico - 10.1% | |||
United Mexican States: | |||
5.75% 3/5/26 | MXN | 275,000,000 | 14,640,093 |
7.75% 11/23/34 | MXN | 64,000,000 | 3,486,050 |
7.75% 11/13/42 | MXN | 120,750,000 | 6,327,823 |
8% 9/5/24 | MXN | 60,000,000 | 3,392,934 |
8% 7/31/53 | MXN | 22,000,000 | 1,166,545 |
8.5% 5/31/29 | MXN | 205,250,000 | 11,863,779 |
TOTAL MEXICO | 40,877,224 | ||
Peru - 2.9% | |||
Peruvian Republic: | |||
5.35% 8/12/40 | PEN | 2,250,000 | 519,868 |
5.4% 8/12/34(Reg. S) | PEN | 13,100,000 | 3,195,111 |
5.94% 2/12/29 | PEN | 5,250,000 | 1,419,425 |
6.35% 8/12/28 | PEN | 9,900,000 | 2,762,929 |
6.9% 8/12/37 | PEN | 2,500,000 | 682,087 |
6.95% 8/12/31 | PEN | 11,500,000 | 3,220,754 |
TOTAL PERU | 11,800,174 | ||
Philippines - 0.1% | |||
Philippine Republic 6.25% 1/14/36 | PHP | 30,000,000 | 529,891 |
Poland - 4.8% | |||
Polish Government: | |||
1.25% 10/25/30 | PLN | 15,700,000 | 2,873,452 |
1.75% 4/25/32 | PLN | 18,750,000 | 3,359,962 |
2.5% 7/25/26 | PLN | 19,500,000 | 4,380,936 |
2.5% 7/25/27 | PLN | 15,000,000 | 3,272,187 |
2.75% 4/25/28 | PLN | 10,500,000 | 2,277,283 |
2.75% 10/25/29 | PLN | 7,000,000 | 1,468,124 |
6% 10/25/33 | PLN | 7,750,000 | 1,935,427 |
TOTAL POLAND | 19,567,371 | ||
Romania - 3.7% | |||
Romanian Republic: | |||
3.65% 9/24/31 | RON | 17,750,000 | 3,155,041 |
4.75% 2/24/25 | RON | 15,550,000 | 3,340,203 |
4.75% 10/11/34 | RON | 11,500,000 | 2,130,753 |
5% 2/12/29 | RON | 24,200,000 | 4,904,024 |
5.8% 7/26/27 | RON | 2,750,000 | 587,306 |
6.7% 2/25/32 | RON | 3,750,000 | 818,895 |
TOTAL ROMANIA | 14,936,222 | ||
South Africa - 8.7% | |||
South African Republic: | |||
6.25% 3/31/36 | ZAR | 33,000,000 | 1,118,500 |
6.5% 2/28/41 | ZAR | 39,000,000 | 1,225,459 |
7% 2/28/31 | ZAR | 98,750,000 | 4,199,556 |
8% 1/31/30 | ZAR | 249,000,000 | 11,687,378 |
8.75% 2/28/48 | ZAR | 163,750,000 | 6,315,105 |
8.875% 2/28/35 | ZAR | 173,250,000 | 7,536,255 |
10.5% 12/21/26 | ZAR | 57,500,000 | 3,173,103 |
TOTAL SOUTH AFRICA | 35,255,356 | ||
Thailand - 4.5% | |||
Kingdom of Thailand: | |||
1.585% 12/17/35 | THB | 82,750,000 | 2,047,080 |
1.6% 6/17/35 | THB | 180,750,000 | 4,515,924 |
2% 12/17/31 | THB | 94,500,000 | 2,568,303 |
2% 6/17/42 | THB | 45,000,000 | 1,084,279 |
2.875% 6/17/46 | THB | 44,400,000 | 1,185,684 |
3.3% 6/17/38 | THB | 164,250,000 | 4,864,812 |
3.775% 6/25/32 | THB | 60,000,000 | 1,861,906 |
TOTAL THAILAND | 18,127,988 | ||
Turkey - 0.5% | |||
Turkish Republic: | |||
10.5% 8/11/27 | TRY | 19,000,000 | 657,282 |
10.6% 2/11/26 | TRY | 26,000,000 | 920,425 |
11.7% 11/13/30 | TRY | 13,000,000 | 460,212 |
TOTAL TURKEY | 2,037,919 | ||
Uruguay - 0.4% | |||
Uruguay Republic: | |||
8.25% 5/21/31 | UYU | 31,500,000 | 774,249 |
8.5% 3/15/28 (Reg. S) | UYU | 34,750,000 | 888,381 |
TOTAL URUGUAY | 1,662,630 | ||
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $333,571,761) | 329,332,800 | ||
Supranational Obligations - 0.8% | |||
Principal Amount (a) | Value ($) | ||
Asian Infrastructure Investment Bank 2.375% 2/10/25 (Reg. S) | PHP | 57,900,000 | 977,336 |
Inter-American Development Bank: | |||
5.1% 11/17/26 | IDR | 15,000,000,000 | 978,428 |
5.7% 11/12/24 | INR | 105,000,000 | 1,252,662 |
TOTAL SUPRANATIONAL OBLIGATIONS (Cost $3,655,079) | 3,208,426 | ||
Money Market Funds - 15.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.14% (c) (Cost $62,585,242) | 62,572,727 | 62,585,242 | |
TOTAL INVESTMENT IN SECURITIES - 97.8% (Cost $399,812,082) | 395,126,468 |
NET OTHER ASSETS (LIABILITIES) - 2.2% | 8,966,453 |
NET ASSETS - 100.0% | 404,092,921 |
Forward Foreign Currency Contracts | ||||||
Currency Purchased | Currency Sold | Counterparty | Settlement Date | Unrealized Appreciation/ (Depreciation) ($) | ||
USD | 1,016,646 | ZAR | 19,211,661 | JPMorgan Chase Bank, N.A. | 7/05/23 | (4,097) |
BRL | 6,136,000 | USD | 1,236,521 | Citibank, N. A. | 9/14/23 | 28,302 |
CLP | 3,791,530,000 | USD | 4,795,581 | Citibank, N. A. | 9/14/23 | (108,658) |
CNY | 7,014,000 | USD | 989,350 | BNP Paribas S.A. | 9/14/23 | (14,460) |
CNY | 14,042,000 | USD | 1,975,690 | BNP Paribas S.A. | 9/14/23 | (23,964) |
CNY | 15,082,000 | USD | 2,130,226 | BNP Paribas S.A. | 9/14/23 | (33,948) |
CNY | 35,415,000 | USD | 4,981,363 | Bank of America, N.A. | 9/14/23 | (58,960) |
CNY | 14,893,000 | USD | 2,104,125 | Goldman Sachs Bank USA | 9/14/23 | (34,117) |
CNY | 43,829,000 | USD | 6,140,666 | Goldman Sachs Bank USA | 9/14/23 | (48,783) |
COP | 7,925,100,000 | USD | 1,870,009 | Bank of America, N.A. | 9/14/23 | (7,960) |
CZK | 75,294,000 | USD | 3,405,703 | BNP Paribas S.A. | 9/14/23 | 39,555 |
HUF | 845,491,000 | USD | 2,409,292 | Bank of America, N.A. | 9/14/23 | 23,119 |
HUF | 170,723,000 | USD | 494,515 | HSBC Bank | 9/14/23 | (3,359) |
IDR | 44,595,800,000 | USD | 2,980,007 | BNP Paribas S.A. | 9/14/23 | (7,295) |
IDR | 18,695,600,000 | USD | 1,249,539 | BNP Paribas S.A. | 9/14/23 | (3,309) |
ILS | 3,664,000 | USD | 1,033,957 | Goldman Sachs Bank USA | 9/14/23 | (42,803) |
INR | 85,348,000 | USD | 1,031,770 | BNP Paribas S.A. | 9/14/23 | 5,709 |
INR | 144,563,000 | USD | 1,747,851 | State Street Bank and Trust Co | 9/14/23 | 9,438 |
KRW | 1,314,200,000 | USD | 1,025,317 | State Street Bank and Trust Co | 9/14/23 | (24,037) |
MXN | 57,666,000 | USD | 3,270,273 | State Street Bank and Trust Co | 9/14/23 | 52,522 |
MYR | 7,199,000 | USD | 1,552,512 | Goldman Sachs Bank USA | 9/14/23 | (2,055) |
MYR | 62,593,000 | USD | 13,656,158 | Goldman Sachs Bank USA | 9/14/23 | (175,423) |
PEN | 10,613,000 | USD | 2,899,489 | Bank of America, N.A. | 9/14/23 | 9,131 |
PEN | 3,741,000 | USD | 1,023,669 | Citibank, N. A. | 9/14/23 | 1,597 |
PHP | 44,576,000 | USD | 792,949 | HSBC Bank | 9/14/23 | 11,904 |
PLN | 12,524,000 | USD | 3,077,554 | Citibank, N. A. | 9/14/23 | (8,328) |
PLN | 5,095,000 | USD | 1,260,282 | Citibank, N. A. | 9/14/23 | (11,663) |
PLN | 45,935,000 | USD | 11,087,906 | State Street Bank and Trust Co | 9/14/23 | 169,275 |
RON | 8,585,000 | USD | 1,858,745 | BNP Paribas S.A. | 9/14/23 | 26,876 |
RON | 9,258,000 | USD | 2,036,023 | BNP Paribas S.A. | 9/14/23 | (2,584) |
THB | 56,062,000 | USD | 1,596,867 | JPMorgan Chase Bank, N.A. | 9/14/23 | 1,217 |
THB | 732,950,000 | USD | 21,414,380 | JPMorgan Chase Bank, N.A. | 9/14/23 | (521,166) |
USD | 1,255,833 | BRL | 6,136,000 | Bank of America, N.A. | 9/14/23 | (8,990) |
USD | 2,052,215 | CLP | 1,654,085,000 | Bank of America, N.A. | 9/14/23 | 7,508 |
USD | 2,628,275 | CLP | 2,137,445,000 | State Street Bank and Trust Co | 9/14/23 | (13,940) |
USD | 840,780 | COP | 3,591,600,000 | Bank of America, N.A. | 9/14/23 | (3,088) |
USD | 1,011,319 | COP | 4,333,500,000 | Citibank, N. A. | 9/14/23 | (6,863) |
USD | 1,030,557 | CZK | 22,825,000 | BNP Paribas S.A. | 9/14/23 | (13,856) |
USD | 2,053,172 | CZK | 44,825,000 | BNP Paribas S.A. | 9/14/23 | 2,096 |
USD | 2,417,022 | HUF | 845,491,000 | BNP Paribas S.A. | 9/14/23 | (15,390) |
USD | 2,040,689 | IDR | 30,528,700,000 | Goldman Sachs Bank USA | 9/14/23 | 5,676 |
USD | 945,179 | IDR | 14,067,100,000 | State Street Bank and Trust Co | 9/14/23 | 7,480 |
USD | 1,032,507 | ILS | 3,664,000 | Goldman Sachs Bank USA | 9/14/23 | 41,353 |
USD | 2,064,580 | INR | 169,822,000 | HSBC Bank | 9/14/23 | 246 |
USD | 1,032,567 | KRW | 1,314,200,000 | BNP Paribas S.A. | 9/14/23 | 31,288 |
USD | 3,305,371 | MXN | 57,666,000 | Citibank, N. A. | 9/14/23 | (17,424) |
USD | 3,575,581 | MYR | 16,605,000 | State Street Bank and Trust Co | 9/14/23 | (659) |
USD | 1,439,293 | PEN | 5,293,000 | BNP Paribas S.A. | 9/14/23 | (11,317) |
USD | 1,018,292 | PHP | 56,892,000 | Bank of America, N.A. | 9/14/23 | (8,934) |
USD | 1,224,409 | PLN | 5,018,000 | BNP Paribas S.A. | 9/14/23 | (5,340) |
USD | 2,255,143 | PLN | 9,332,000 | State Street Bank and Trust Co | 9/14/23 | (31,828) |
USD | 2,257,742 | RON | 10,280,000 | Goldman Sachs Bank USA | 9/14/23 | (170) |
USD | 762,949 | ZAR | 14,419,000 | Citibank, N. A. | 9/14/23 | 2,446 |
USD | 1,330,527 | ZAR | 24,801,000 | Goldman Sachs Bank USA | 9/14/23 | 22,443 |
USD | 611,364 | ZAR | 11,638,000 | JPMorgan Chase Bank, N.A. | 9/14/23 | (2,461) |
ZAR | 8,028,000 | USD | 433,963 | Brown Brothers Harriman & Co | 9/14/23 | (10,540) |
TOTAL FORWARD FOREIGN CURRENCY CONTRACTS | (788,588) | |||||
Unrealized Appreciation | 499,181 | |||||
Unrealized Depreciation | (1,287,769) |
BRL | - | Brazilian real |
CLP | - | Chilean peso |
CNY | - | Chinese yuan |
COP | - | Colombian peso |
CZK | - | Czech koruna |
DOP | - | Dominican Republic peso |
EGP | - | Egyptian pound |
HUF | - | Hungarian forint |
IDR | - | Indonesian rupiah |
ILS | - | Israeli shekel |
INR | - | Indian rupee |
KRW | - | Korean won |
KZT | - | Kazakhstan tenge |
MXN | - | Mexican peso |
MYR | - | Malaysian ringgit |
PEN | - | Peruvian new sol |
PHP | - | Philippine peso |
PLN | - | Polish zloty |
RON | - | Romanian leu (new) |
THB | - | Thai baht |
TRY | - | Turkish Lira |
USD | - | U.S. dollar |
UYU | - | Uruguay peso |
ZAR | - | South African rand |
(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 $4,037,733 or 1.0% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.14% | 52,392,505 | 117,636,594 | 107,443,857 | 971,982 | - | - | 62,585,242 | 0.2% |
Total | 52,392,505 | 117,636,594 | 107,443,857 | 971,982 | - | - | 62,585,242 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Foreign Government and Government Agency Obligations | 329,332,800 | - | 329,332,800 | - |
Supranational Obligations | 3,208,426 | - | 3,208,426 | - |
Money Market Funds | 62,585,242 | 62,585,242 | - | - |
Total Investments in Securities: | 395,126,468 | 62,585,242 | 332,541,226 | - |
Derivative Instruments: | ||||
Assets | ||||
Forward Foreign Currency Contracts | 499,181 | - | 499,181 | - |
Total Assets | 499,181 | - | 499,181 | - |
Liabilities | ||||
Forward Foreign Currency Contracts | (1,287,769) | - | (1,287,769) | - |
Total Liabilities | (1,287,769) | - | (1,287,769) | - |
Total Derivative Instruments: | (788,588) | - | (788,588) | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Foreign Exchange Risk | ||
Forward Foreign Currency Contracts (a) | 499,181 | (1,287,769) |
Total Foreign Exchange Risk | 499,181 | (1,287,769) |
Total Value of Derivatives | 499,181 | (1,287,769) |
Statement of Assets and Liabilities | ||||
June 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $337,226,840) | $ | 332,541,226 | ||
Fidelity Central Funds (cost $62,585,242) | 62,585,242 | |||
Total Investment in Securities (cost $399,812,082) | $ | 395,126,468 | ||
Segregated cash with brokers for derivative instruments | 1,080,000 | |||
Foreign currency held at value (cost $2,680,549) | 2,671,762 | |||
Receivable for investments sold | 982,891 | |||
Unrealized appreciation on forward foreign currency contracts | 499,181 | |||
Receivable for fund shares sold | 111,442 | |||
Reclaims receivable | 326,981 | |||
Interest receivable | 6,466,650 | |||
Distributions receivable from Fidelity Central Funds | 218,588 | |||
Receivable from investment adviser for expense reductions | 5,182 | |||
Total assets | 407,489,145 | |||
Liabilities | ||||
Payable for investments purchased | $ | 300,000 | ||
Unrealized depreciation on forward foreign currency contracts | 1,287,769 | |||
Payable for fund shares redeemed | 1,741,061 | |||
Other payables and accrued expenses | 67,394 | |||
Total Liabilities | 3,396,224 | |||
Net Assets | $ | 404,092,921 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 442,213,663 | ||
Total accumulated earnings (loss) | (38,120,742) | |||
Net Assets | $ | 404,092,921 | ||
Net Asset Value , offering price and redemption price per share ($404,092,921 ÷ 42,968,128 shares) | $ | 9.40 |
Statement of Operations | ||||
Six months ended June 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Interest | $ | 11,476,123 | ||
Income from Fidelity Central Funds | 971,982 | |||
Income before foreign taxes withheld | $ | 12,448,105 | ||
Less foreign taxes withheld | (27,108) | |||
Total Income | 12,420,997 | |||
Expenses | ||||
Custodian fees and expenses | $ | 35,263 | ||
Independent trustees' fees and expenses | 1,304 | |||
Total expenses before reductions | 36,567 | |||
Expense reductions | (32,951) | |||
Total expenses after reductions | 3,616 | |||
Net Investment income (loss) | 12,417,381 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $13,666) | (11,378,457) | |||
Forward foreign currency contracts | 3,829,762 | |||
Foreign currency transactions | (69,683) | |||
Total net realized gain (loss) | (7,618,378) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $49,633) | 30,667,218 | |||
Forward foreign currency contracts | (4,105,839) | |||
Assets and liabilities in foreign currencies | 94,324 | |||
Total change in net unrealized appreciation (depreciation) | 26,655,703 | |||
Net gain (loss) | 19,037,325 | |||
Net increase (decrease) in net assets resulting from operations | $ | 31,454,706 |
Statement of Changes in Net Assets | ||||
Six months ended June 30, 2023 (Unaudited) | Year ended December 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 12,417,381 | $ | 20,925,997 |
Net realized gain (loss) | (7,618,378) | (52,168,810) | ||
Change in net unrealized appreciation (depreciation) | 26,655,703 | (6,006,477) | ||
Net increase (decrease) in net assets resulting from operations | 31,454,706 | (37,249,290) | ||
Share transactions | ||||
Proceeds from sales of shares | 16,513,795 | 38,013,375 | ||
Cost of shares redeemed | (27,168,404) | (100,779,866) | ||
Net increase (decrease) in net assets resulting from share transactions | (10,654,609) | (62,766,491) | ||
Total increase (decrease) in net assets | 20,800,097 | (100,015,781) | ||
Net Assets | ||||
Beginning of period | 383,292,824 | 483,308,605 | ||
End of period | $ | 404,092,921 | $ | 383,292,824 |
Other Information | ||||
Shares | ||||
Sold | 1,826,052 | 4,444,382 | ||
Redeemed | (2,987,790) | (11,553,598) | ||
Net increase (decrease) | (1,161,738) | (7,109,216) | ||
Fidelity® Series Emerging Markets Debt Local Currency Fund |
Six months ended (Unaudited) June 30, 2023 | Years ended December 31, 2022 | 2021 | 2020 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 8.69 | $ | 9.43 | $ | 10.81 | $ | 10.00 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .285 | .445 | .439 | .067 | ||||
Net realized and unrealized gain (loss) | .425 | (1.185) | (1.358) | .806 | ||||
Total from investment operations | .710 | (.740) | (.919) | .873 | ||||
Distributions from net investment income | - | - | (.456) | (.063) | ||||
Distributions from net realized gain | - | - | (.005) | - | ||||
Total distributions | - | - | (.461) | (.063) | ||||
Net asset value, end of period | $ | 9.40 | $ | 8.69 | $ | 9.43 | $ | 10.81 |
Total Return D,E | 8.17% | (7.85)% | (8.56)% | 8.74% | ||||
Ratios to Average Net Assets C,F,G | ||||||||
Expenses before reductions | .02% H | .02% | .03% | .04% H | ||||
Expenses net of fee waivers, if any I | -% H | -% | -% | -% H | ||||
Expenses net of all reductions I | -% H | -% | -% | -% H | ||||
Net investment income (loss) | 6.31% H | 5.17% | 4.31% | 3.69% H | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 404,093 | $ | 383,293 | $ | 483,309 | $ | 492,748 |
Portfolio turnover rate J | 72% H | 53% | 65% | 17% K |
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% |
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity Series Emerging Markets Debt Fund | $1,379,584,668 | $20,630,024 | $ (233,135,617) | $ (212,505,593) |
Fidelity Series Emerging Markets Debt Local Currency Fund | 402,142,733 | 17,322,541 | (25,127,394) | (7,804,853) |
Short-term | Long-term | Total capital loss carryforward | |
Fidelity Series Emerging Markets Debt Fund | $ (25,121,339) | $ (150,442,752) | $ (175,564,091) |
Fidelity Series Emerging Markets Debt Local Currency Fund | (13,077,030) | (18,931,006) | (32,008,036) |
Ordinary losses | |
Fidelity Series Emerging Markets Debt Local Currency Fund | $153,679 |
Foreign Exchange Risk | Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates. |
Purchases ($) | Sales ($) | |
Fidelity Series Emerging Markets Debt Fund | 165,846,569 | 169,866,621 |
Fidelity Series Emerging Markets Debt Local Currency Fund | 120,841,911 | 137,608,834 |
Amount ($) | |
Fidelity Series Emerging Markets Debt Local Currency Fund | 3,255 |
Expense Limitations | Reimbursement | |
Fidelity Series Emerging Markets Debt Local Currency Fund | .003% | $ 29,316 |
Custodian credits | |
Fidelity Series Emerging Markets Debt Fund | $ 3,100 |
Fidelity Series Emerging Markets Debt Local Currency Fund | 3,635 |
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, 2023 to June 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value January 1, 2023 | Ending Account Value June 30, 2023 | Expenses Paid During Period- C January 1, 2023 to June 30, 2023 | |||||||
Fidelity® Series Emerging Markets Debt Fund | -%- D | |||||||||
Actual | $ 1,000 | $ 1,038.50 | $- E | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.79 | $- E | |||||||
Fidelity® Series Emerging Markets Debt Local Currency Fund | -%- D | |||||||||
Actual | $ 1,000 | $ 1,081.70 | $- E | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.79 | $- E | |||||||
- 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
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 Hastings 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 Hastings Street Trust’s (the “Trust”) disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the 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) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Hastings Street Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | August 22, 2023 |
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 22, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | August 22, 2023 |