Fidelity Funds - Chartbook.fid-intl.com

Fidelity
Funds
European High Yield Fund
Schedule of Investments as at 31 October 2014
Country
Code Ccy
Shares or
Nominal
Market Value
EUR % Net
Assets
Securities Admitted to or Dealt on an Official Stock Exchange
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
Nostrum Oil & Gas 6.375% 14/02/2019 Reg S NL USD 28,006,507 22,622,910 0.44
Ithaca Energy 8.125% 01/07/2019 144A CA USD 16,405,892 11,337,990 0.22
Hellenic Petroleum 4.625% 16/05/2016 EMTN GB USD 9,707,628 7,556,244 0.15
41,517,144 0.82
Utilities
Infinis 7.00% 15/02/2019 Reg S GB GBP 18,444,494 24,591,822 0.48
EDP Finance 2.625% 15/04/2019 EMTN NL EUR 19,415,256 20,028,089 0.39
Enel 6.625% VRN 15/09/2076 IT GBP 14,241,091 18,988,002 0.37
Southern Water Greensand 8.50% 15/04/2019 GMTN GB GBP 9,360,095 13,180,420 0.26
EDP Finance 2.625% 18/01/2022 EMTN NL EUR 11,328,802 11,268,833 0.22
Enel 7.75% VRN 10/09/2075 IT GBP 6,455,573 9,060,726 0.18
PPC Finance 4.75% 01/05/2017 Reg S GB EUR 8,833,942 8,657,568 0.17
Enel 5.00% VRN 15/01/2075 IT EUR 7,280,721 7,690,589 0.15
EDP Finance 8.625% 04/01/2024 EMTN NL GBP 4,077,204 6,610,574 0.13
Veolia Environnement 4.85% VRN (Perpetual) FR GBP 3,785,975 4,821,949 0.09
Techem Energy 7.875% 01/10/2020 Reg S DE EUR 4,222,818 4,670,382 0.09
Techem 6.125% 01/10/2019 Reg S DE EUR 4,222,818 4,545,469 0.09
Enel 6.50% VRN 10/01/2074 IT EUR 2,912,288 3,224,997 0.06
Federal Grid 8.446% 13/03/2019 EMTN IE RUB 179,591,122 2,970,625 0.06
EDP Finance 6.625% 09/08/2017 EMTN NL GBP 1,106,670 1,555,968 0.03
TXU Europe Funding 7.00% 30/11/2005 (Defaulted)* GB EUR 728,072 7 0.00
141,866,020 2.79
Materials
Lafarge 10.00% 30/05/2017 EMTN FR GBP 15,205,058 22,727,830 0.45
Polyus Gold International 5.625% 29/04/2020 Reg S GB USD 24,657,376 18,966,380 0.37
HeidelbergCement 8.00% 31/01/2017 LU EUR 16,070,979 18,364,211 0.36
Kerling 10.625% 01/02/2017 Reg S GB EUR 16,901,952 17,401,970 0.34
Glasstank 8.50% 15/05/2019 Reg S NL EUR 16,211,739 15,320,466 0.30
HeidelbergCement 2.25% 12/03/2019 EMTN LU EUR 14,144,014 14,461,038 0.28
Smurfit Kappa Acquisitions 3.25% 01/06/2021 Reg S IE EUR 14,270,213 14,314,687 0.28
INEOS Group Holdings 5.75% 15/02/2019 Reg S LU EUR 14,173,137 14,166,554 0.28
SGD Group 5.625% 15/05/2019 Reg S FR EUR 13,056,760 12,567,131 0.25
Metinvest 10.25% 20/05/2015 Reg S NL USD 18,104,727 11,541,137 0.23
Metalloinvest Finance 5.625% 17/04/2020 Reg S IE USD 14,076,061 10,230,667 0.20
Lafarge 9.00% 14/11/2014 HK CNY 65,235,262 8,508,620 0.17
Nitrogenmuvek Vegyipari 7.875% 21/05/2020 Reg S HU USD 9,319,323 7,608,403 0.15
OI European Group 4.875% 31/03/2021 Reg S NL EUR 5,970,191 6,438,242 0.13
Evraz Group 6.75% 27/04/2018 Reg S LU USD 6,746,802 5,086,070 0.10
Metinvest 8.75% 14/02/2018 Reg S NL USD 9,028,094 5,074,186 0.10
Titan Global Finance 4.25% 10/07/2019 EMTN GB EUR 5,047,967 4,914,700 0.10
Officine Maccaferri 5.75% 01/06/2021 Reg S IT EUR 4,222,818 4,183,324 0.08
First Quantum Minerals 7.25% 15/05/2022 144A CA USD 5,055,733 3,972,952 0.08
Lafarge 8.875% 24/11/2016 EMTN FR EUR 3,300,594 3,805,520 0.07
Lafarge 5.375% 26/06/2017 EMTN FR EUR 2,232,754 2,476,162 0.05
HeidelbergCement 7.50% 03/04/2020 LU EUR 1,844,449 2,317,061 0.05
Metinvest 10.25% 20/05/2015 144A NL USD 2,358,954 1,503,751 0.03
Teksid Alu. 11.375% 15/07/2011 Reg S (Defaulted)* LU EUR 3,901,496 39 0.00
225,951,101 4.44
Industrials
REFER - Rede Ferroviaria 4.25% 13/12/2021 PT EUR 17,522,269 17,657,453 0.35
Novafives 4.50% 30/06/2021 Reg S FR EUR 16,289,400 16,165,039 0.32
Empark Funding 6.75% 15/12/2019 Reg S LU EUR 14,124,599 15,123,067 0.30
Empresas ICA 8.875% 29/05/2024 144A MX USD 17,425,193 14,212,935 0.28
Far East Capital 8.00% 02/05/2018 Reg S LU USD 32,520,555 13,587,933 0.27
Obrascon Huarte Lain 4.75% 15/03/2022 ES EUR 12,765,531 12,899,569 0.25
Schaeffler Finance 3.25% 15/05/2019 Reg S NL EUR 12,231,612 12,128,071 0.24
Heathrow Finance 5.75% 03/03/2025 Reg S GB GBP 9,513,476 12,085,424 0.24
Greensill Capital 3.431% 17/02/2015 LU USD 14,027,523 11,079,219 0.22
Schaeffler Holding Finance 6.875% 15/08/2018 Reg S NL EUR 9,998,857 10,519,548 0.21
Far East Capital 8.75% 02/05/2020 Reg S LU USD 24,366,147 10,284,207 0.20
Sacyr 4.00% 08/05/2019 ES EUR 11,260,849 10,192,307 0.20
Schaeffler Finance 3.50% 15/05/2022 Reg S NL EUR 8,445,637 8,442,043 0.17
Heathrow Finance 5.375% 01/09/2019 GB GBP 6,407,035 8,431,202 0.17
Empark Funding 5.584% FRN 15/12/2019 Reg S LU EUR 6,504,111 6,551,448 0.13
Empresas ICA 8.875% 29/05/2024 Reg S MX USD 6,324,520 5,158,622 0.10
REFER - Rede Ferroviaria 4.00% 16/03/2015 EMTN PT EUR 2,281,293 2,297,561 0.05
186,815,648 3.67
Information Technology
Vivacom 6.625% 15/11/2018 Reg S BG EUR 9,173,709 9,107,305 0.18
Nokia 6.625% 15/05/2039 FI USD 8,188,384 7,058,035 0.14
Phosphorus Holdco 10.00% 01/04/2019 Reg S GB GBP 21,308,244 951,714 0.02
(Defaulted)
17,117,054 0.34
Consumer Discretionary
CPUK Finance 11.625% 28/02/2018 EMTN GB GBP 20,483,096 28,164,606 0.55
SMCP 8.875% 15/06/2020 Reg S FR EUR 23,638,075 24,277,957 0.48
Johnston Press Bond 8.625% 01/06/2019 Reg S GB GBP 19,366,718 23,208,367 0.46
GTECH 8.25% VRN 31/03/2066 Reg S IT EUR 21,196,606 22,257,592 0.44
Numericable Group 6.00% 15/05/2022 144A FR USD 26,016,444 21,426,698 0.42
Nord Anglia Education HK USD 1,493,584 20,566,639 0.40
Enterprise Inns 6.375% 26/09/2031 GB GBP 16,203,973 20,529,876 0.40
Numericable Group 5.625% 15/05/2024 Reg S FR EUR 19,415,256 20,161,278 0.40
Unitymedia Hessen 5.125% 21/01/2023 Reg S DE EUR 16,794,197 17,985,997 0.35
Numericable Group 5.375% 15/05/2022 Reg S FR EUR 17,085,426 17,782,878 0.35
Unitymedia Hessen 7.50% 15/03/2019 Reg S DE EUR 16,502,968 17,434,008 0.34
GEMS MEA Sukuk 12.00% VRN (Perpetual) KY USD 18,444,494 17,316,760 0.34
HP Pelzer Holding 7.50% 15/07/2021 Reg S DE EUR 16,211,739 16,923,321 0.33
Country Shares or Market Value % Net
Code Ccy Nominal EUR Assets
Dometic 9.50% 26/06/2019 Reg S SE EUR 17,231,040 16,283,212 0.32
House of Fraser Funding 8.875% 15/08/2018 Reg S GB GBP 11,212,311 15,072,977 0.30
Jaguar Land Rover 5.00% 15/02/2022 Reg S GB GBP 10,484,238 13,935,569 0.27
Nara Cable Funding 8.875% 01/12/2018 Reg S IE EUR 12,911,146 13,553,178 0.27
Gala Group Finance 8.875% 01/09/2018 Reg S GB GBP 9,697,921 12,920,283 0.25
Unitymedia Kabelbw 9.50% 15/03/2021 Reg S DE EUR 11,018,158 12,409,575 0.24
Samvardhana Motherson Automotive Systems 4.125% NL EUR 12,377,226 12,055,876 0.24
15/07/2021 Reg S
Unify Germany Holdings 10.75% 15/11/2015 Reg S NL EUR 11,425,878 11,291,402 0.22
Gamenet 7.25% 01/08/2018 Reg S IT EUR 11,794,768 10,008,038 0.20
GKN Holdings 5.375% 19/09/2022 EMTN GB GBP 6,795,340 9,756,652 0.19
William Hill 4.25% 05/06/2020 GB GBP 7,669,026 9,587,195 0.19
Gestamp Fund. Luxembourg 5.625% 31/05/2020 144A LU USD 9,610,552 7,773,575 0.15
Gestamp Fund. Luxembourg 5.875% 31/05/2020 Reg S LU EUR 7,086,569 7,474,764 0.15
Jaguar Land Rover 8.25% 15/03/2020 Reg S GB GBP 4,853,814 6,821,102 0.13
Unitymedia Hessen 5.50% 15/09/2022 Reg S DE EUR 6,212,882 6,670,514 0.13
Peugeot 6.50% 18/01/2019 EMTN FR EUR 5,776,039 6,621,688 0.13
Verisure Holding 8.75% 01/12/2018 Reg S SE EUR 6,164,344 6,585,877 0.13
Numericable Group 6.25% 15/05/2024 144A FR USD 6,795,340 5,599,581 0.11
Hema Bondco II 8.50% 15/12/2019 Reg S NL EUR 7,571,950 5,419,282 0.11
UPC Holding 8.375% 15/08/2020 Reg S NL EUR 4,805,276 5,181,808 0.10
UPC Holding 6.75% 15/03/2023 Reg S NL EUR 4,416,971 4,836,859 0.09
Snai 7.625% 15/06/2018 Reg S IT EUR 4,659,662 4,639,443 0.09
UPC Holding 6.75% 15/03/2023 Reg S NL CHF 4,950,890 4,496,344 0.09
Verisure Holding 8.75% 01/09/2018 Reg S SE EUR 4,174,280 4,452,243 0.09
Hema Bondco I 6.25% 15/06/2019 Reg S NL EUR 4,659,662 4,141,836 0.08
Reynolds 5.75% 15/10/2020 US USD 4,853,814 4,030,552 0.08
Gala Electric Casinos 11.50% 01/06/2019 Reg S GB GBP 2,815,212 3,758,251 0.07
Technicolor 0.00% (Perpetual) (Defaulted)* FR EUR 3,688,899 37 0.00
Waterford 9.875% 01/12/2010 Reg S (Defaulted)* IE EUR 2,252,170 23 0.00
493,413,713 9.69
Consumer Staples
R&R Pik 9.25% 15/05/2018 Reg S GB EUR 30,918,796 31,172,593 0.61
Findus Bondco 9.50% 01/07/2018 Reg S LU GBP 14,561,442 19,580,823 0.38
JBS Investments 7.75% 28/10/2020 Reg S AT USD 17,862,036 15,605,929 0.31
Stretford 79 6.25% 15/07/2021 Reg S GB GBP 13,202,374 14,397,065 0.28
Marfrig Holding Europe 6.875% 24/06/2019 Reg S NL USD 15,435,129 12,415,024 0.24
Stretford 79 4.810% FRN 15/07/2020 Reg S GB GBP 9,513,476 10,901,513 0.21
Stretford 79 6.75% 15/07/2024 Reg S GB GBP 9,513,476 10,304,446 0.20
Deutsche Raststaetten IV 6.75% 30/12/2020 Reg S DE EUR 6,212,882 6,594,502 0.13
Mriya Agro Holding 9.45% 19/04/2018 Reg S CY USD 13,896,470 2,485,810 0.05
(Defaulted)
MHP 8.25% 02/04/2020 Reg S LU USD 2,280,322 1,587,583 0.03
Blue Ocean Resources 2.00% 31/12/2020 Reg S SG USD 1,470,701 469,329 0.01
China Culiangwang Beverages (B) 10.00% 12/04/2016 BM CNY 5,386,682 463,023 0.01
125,977,640 2.47
Healthcare
Labco 8.50% 15/01/2018 Reg S FR EUR 20,242,346 21,205,093 0.42
Priory Group No 3 8.875% 15/02/2019 Reg S GB GBP 12,343,249 16,535,596 0.32
Holding Medi-Partenaires 7.00% 15/05/2020 Reg S FR EUR 13,105,298 13,727,977 0.27
Priory Group No 3 7.00% 15/02/2018 Reg S GB GBP 7,669,026 10,256,338 0.20
Rottapharm 6.125% 15/11/2019 Reg S IE EUR 6,115,806 6,529,283 0.13
FMC Finance VII 5.25% 15/02/2021 Reg S LU EUR 2,863,750 3,336,167 0.07
71,590,454 1.41
Telecommunication Services
Wind Acquisition Finance 7.00% 23/04/2021 Reg S LU EUR 49,120,599 48,788,323 0.96
Wind Acquisition Finance 7.375% 23/04/2021 144A LU USD 56,692,549 44,297,937 0.87
OTE 3.50% 09/07/2020 GMTN GB EUR 40,092,505 39,236,910 0.77
Wind Acquisition Finance 4.00% 15/07/2020 Reg S LU EUR 39,675,077 39,201,634 0.77
Telecom Italia 6.375% 24/06/2019 EMTN IT GBP 27,278,435 37,716,133 0.74
Virgin Media Secured Finance 6.00% 15/04/2021 Reg SGB GBP 27,375,512 36,692,262 0.72
Oi 5.75% 10/02/2022 Reg S BR USD 43,490,174 32,853,618 0.65
Telefonica Europe 5.875% VRN (Perpetual) NL EUR 23,783,689 25,222,686 0.50
KPN 6.875% VRN 14/03/2073 EMTN NL GBP 14,779,864 19,534,493 0.38
UPCB Finance II 6.375% 01/07/2020 Reg S KY EUR 18,337,710 19,323,362 0.38
Play Finance 1 6.50% 01/08/2019 Reg S LU EUR 18,298,879 19,155,916 0.38
VIP Fin. (VimpelCom) 7.748% 02/02/2021 Reg S IE USD 22,424,621 18,271,518 0.36
Telecom Italia 5.25% 10/02/2022 EMTN IT EUR 15,920,510 17,835,549 0.35
Telecom Italia 5.875% 19/05/2023 EMTN IT GBP 13,299,451 17,793,639 0.35
Wind Acquisition Finance 4.75% 15/07/2020 144A LU USD 20,502,511 16,050,173 0.32
Helios Towers Finance 8.375% 15/07/2019 NL USD 20,677,248 15,508,885 0.30
Telefonica 6.00% 24/07/2017 ES EUR 14,367,290 15,165,874 0.30
Turk Telekomunikasyon 4.875% 19/06/2024 Reg S TR USD 18,832,799 14,974,543 0.29
Telemar Norte Leste 5.50% 23/10/2020 Reg S BR USD 16,502,968 12,868,043 0.25
Telecom Italia Capital 7.20% 18/07/2036 LU USD 14,221,675 12,238,980 0.24
Telefonica Europe 6.75% VRN (Perpetual) NL GBP 8,736,865 11,708,724 0.23
Turk Telekomunikasyon 3.75% 19/06/2019 Reg S TR USD 14,464,366 11,513,910 0.23
Eileme 2 11.75% 31/01/2020 Reg S SE EUR 9,804,705 11,346,347 0.22
KPN 6.125% VRN (Perpetual) NL EUR 9,998,857 10,768,314 0.21
Virgin Media Finance 7.00% 15/04/2023 Reg S GB GBP 7,766,103 10,601,633 0.21
Mobile Challenger 8.75% 15/03/2019 Reg S LU CHF 11,838,453 9,995,198 0.20
Ymobile 8.375% 01/04/2018 Reg S JP EUR 9,023,240 9,589,074 0.19
Telecom Italia 5.303% 30/05/2024 144A IT USD 11,493,832 9,284,379 0.18
Mobile Challenger 8.75% 15/03/2019 Reg S LU EUR 8,882,480 9,046,979 0.18
Telecom Italia Capital 7.175% 18/06/2019 LU USD 9,707,628 8,832,490 0.17
UPCB Finance 7.625% 15/01/2020 Reg S KY EUR 6,989,492 7,335,210 0.14
VIP Fin. (VimpelCom) 7.5043% 01/03/2022 Reg S NL USD 9,125,171 7,293,577 0.14
Telecom Italia 7.375% 15/12/2017 EMTN IT GBP 4,853,814 6,894,765 0.14
Mobile Telesystems 5.00% 30/05/2023 Reg S IE USD 8,599,017 6,163,457 0.12
VIP Fin. (VimpelCom) 9.125% 30/04/2018 Reg S IE USD 6,601,187 5,696,886 0.11
Telefonica Europe 7.625% VRN (Perpetual) NL EUR 4,756,738 5,546,192 0.11
Telenet Finance Luxembourg 6.375% 15/11/2020 Reg SLU EUR 4,271,356 4,533,126 0.09
Telecom Italia Capital 7.721% 04/06/2038 LU USD 4,853,814 4,384,451 0.09
OTE 7.875% 07/02/2018 EMTN GB EUR 2,572,521 2,906,761 0.06
* Security with price determined by the Directors.
The accompanying notes to the financial statements form an integral part of these financial statements. The percentage of net assets in the schedule of investments and in the geographical split is subject
to rounding.
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