Fidelity Funds - Chartbook.fid-intl.com

Fidelity
Funds
Sterling Bond Fund
Schedule of Investments as at 31 October 2014
Country
Code Ccy
Shares or
Nominal
Market Value
GBP % Net
Assets
Securities Admitted to or Dealt on an Official Stock Exchange
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
Northern Gas Networks 5.625% 23/03/2040 EMTN GB GBP 550,000 674,636 0.42
Statoil 3.95% 15/05/2043 NO USD 550,000 333,034 0.21
1,007,670 0.63
Utilities
Electricite de France 6.00% 23/01/2114 EMTN FR GBP 1,700,000 2,098,899 1.30
National Grid Electricity Transmission 6.50%
GB GBP 500,000 647,940 0.40
27/07/2028
Wales & West 6.25% 30/11/2021 GB GBP 500,000 603,539 0.37
National Grid Gas 6.375% 03/03/2020 EMTN GB GBP 500,000 598,069 0.37
Southern Gas Networks 4.875% 05/10/2023 EMTN GB GBP 500,000 561,326 0.35
Enel 6.625% VRN 15/09/2076 IT GBP 525,000 548,535 0.34
GHQB 12.625% 13/03/2015 KY GBP 500,000 519,590 0.32
South Eastern Power Net. 6.375% 12/11/2031 EMTN GB GBP 400,000 509,296 0.32
South East Water A1 5.6577% 30/09/2019 KY GBP 450,000 506,510 0.31
Snam 5.25% 19/09/2022 EMTN IT EUR 500,000 502,580 0.31
Eastern Power Networks 4.75% 30/09/2021 EMTN GB GBP 450,000 499,290 0.31
Dwr Cymru B1 6.907% 31/03/2021 KY GBP 352,000 436,538 0.27
Wales & West 4.625% 13/12/2023 EMTN GB GBP 350,000 386,307 0.24
Electricite de France 5.50% 17/10/2041 EMTN FR GBP 300,000 351,564 0.22
Wales & West 5.00% 07/03/2028 EMTN GB GBP 300,000 342,392 0.21
Dwr Cymru A1 6.015% 31/03/2028 KY GBP 250,000 313,899 0.19
Western Power Dist. 3.875% 17/10/2024 EMTN GB GBP 300,000 310,099 0.19
Scottish Power UK 6.75% 29/05/2023 EMTN GB GBP 250,000 309,980 0.19
Western Power Dist. South Wales 5.75% 23/03/2040 GB GBP 250,000 307,092 0.19
Gas Natural Capital Markets 6.00% 27/01/2020 EMTN ES EUR 300,000 293,780 0.18
Southern Water Services 5.00% 31/03/2021 EMTN KY GBP 250,000 277,897 0.17
Enel 5.00% VRN 15/01/2075 IT EUR 300,000 248,322 0.15
Western Power Dist. South West 5.75% 23/03/2040 GB GBP 200,000 245,775 0.15
Yorkshire Water Odsal Fin. 6.454% 28/05/2027 KY GBP 190,000 241,872 0.15
Thames Water Utilities Fin. 7.241% 09/04/2058 EMTN KY GBP 200,000 231,169 0.14
Electricite de France 6.00% VRN (Perpetual) EMTN FR GBP 200,000 213,542 0.13
Electricity North West 8.875% 25/03/2026 GB GBP 100,000 147,977 0.09
Yorkshire Water Bradford Fin. 6.375% 19/08/2039 KY GBP 100,000 133,989 0.08
Northern Powergrid Yorkshire 9.25% 17/01/2020 GB GBP 50,000 65,243 0.04
TXU Europe Funding 7.00% 30/11/2005 (Defaulted)* GB EUR 600,000 5 0.00
12,453,016 7.73
Materials
Linde 7.375% VRN 14/07/2066 NL EUR 275,000 237,930 0.15
Lafarge 10.00% 30/05/2017 EMTN FR GBP 200,000 234,266 0.15
472,196 0.29
Industrials
Great Rolling Stock 6.875% 27/07/2035 EMTN GB GBP 1,646,050 2,059,953 1.28
Great Rolling Stock 6.25% 27/07/2020 EMTN GB GBP 1,600,000 1,857,920 1.15
Heathrow Funding 6.75% 03/12/2026 EMTN GB GBP 1,100,000 1,426,093 0.89
Porterbrook Rail Finance 6.50% 20/10/2020 EMTN GB GBP 1,000,000 1,181,909 0.73
Aspire Defence Finance (A) 4.674% 31/03/2040 GB GBP 794,000 861,813 0.54
SP Manweb 4.875% 20/09/2027 EMTN GB GBP 775,000 850,889 0.53
Firstgroup 5.25% 29/11/2022 GB GBP 750,000 811,081 0.50
Porterbrook Rail Finance 7.125% 20/10/2026 EMTN GB GBP 500,000 660,444 0.41
Aspire Defence Finance (B) 4.674% 31/03/2040 GB GBP 585,575 636,426 0.40
Gatwick Funding 5.25% 23/01/2024 EMTN GB GBP 550,000 622,569 0.39
Reseau Ferre de France 5.25% 07/12/2028 EMTN FR GBP 500,000 618,613 0.38
RMPA Services 5.337% 30/09/2038 GB GBP 339,756 395,643 0.25
Siemens 6.125% VRN 14/09/2066 NL GBP 350,000 370,329 0.23
Reseau Ferre de France 5.25% 31/01/2035 EMTN FR GBP 250,000 310,928 0.19
Nats En Route 5.25% 31/03/2026 GB GBP 248,623 283,942 0.18
General Electric 4.125% 09/10/2042 US USD 350,000 220,882 0.14
13,169,434 8.18
Consumer Discretionary
Time Warner Cable 5.875% 15/11/2040 US USD 1,850,000 1,357,743 0.84
Juturna Euro Loan 5.064% 10/08/2033 Reg S GB GBP 1,041,116 1,213,250 0.75
CPUK Finance 4.811% 28/02/2017 EMTN GB GBP 850,000 902,227 0.56
DIRECTV 4.375% 14/09/2029 US GBP 848,000 862,387 0.54
Enterprise Inns 6.00% 06/10/2023 GB GBP 500,000 498,960 0.31
Comcast 5.50% 23/11/2029 US GBP 300,000 360,942 0.22
Mitchells & Butlers Finance 5.574% 15/12/2030 GB GBP 224,612 260,781 0.16
5,456,290 3.39
Consumer Staples
Mondelez International 7.25% 18/07/2018 EMTN US GBP 800,000 946,131 0.59
Imperial Tobacco Finance 5.50% 28/09/2026 EMTN GB GBP 450,000 516,166 0.32
Imperial Tobacco Finance 4.875% 07/06/2032 EMTN GB GBP 300,000 316,768 0.20
Imperial Tobacco Finance 9.00% 17/02/2022 EMTN GB GBP 200,000 270,025 0.17
Wal-Mart Stores 4.00% 11/04/2043 US USD 380,000 239,057 0.15
Tesco 6.125% 24/02/2022 EMTN GB GBP 200,000 220,326 0.14
Imperial Tobacco Finance 8.125% 15/03/2024 EMTN GB GBP 150,000 200,289 0.12
Imperial Tobacco Finance 6.25% 04/12/2018 EMTN GB GBP 50,000 57,342 0.04
2,766,104 1.72
Healthcare
Merck & Co 3.60% 15/09/2042 US USD 400,000 235,838 0.15
235,838 0.15
Telecommunication Services
Verizon Communications 5.15% 15/09/2023 US USD 2,350,000 1,632,726 1.01
Verizon Communications 6.55% 15/09/2043 US USD 1,565,000 1,234,665 0.77
KPN 5.00% 18/11/2026 GMTN NL GBP 500,000 535,197 0.33
Country Shares or Market Value % Net
Code Ccy Nominal GBP Assets
KPN 5.75% 17/09/2029 GMTN NL GBP 200,000 226,457 0.14
Telefonica Emisiones 5.597% 12/03/2020 EMTN ES GBP 200,000 225,127 0.14
Arqiva Financing 4.882% 31/12/2032 EMTN GB GBP 150,000 159,893 0.10
Telecom Italia 6.375% 24/06/2019 EMTN IT GBP 100,000 108,347 0.07
4,122,412 2.56
Financials
European Union 3.50% 04/06/2021 EMTN SU EUR 3,000,000 2,809,004 1.74
European Union 3.25% 04/04/2018 EMTN SU EUR 2,050,000 1,779,998 1.11
European Investment Bank 6.00% 07/12/2028 SU GBP 1,000,000 1,363,704 0.85
Lloyds Bank 6.00% 08/02/2029 GB GBP 1,000,000 1,326,382 0.82
Tesco Property Finance 2 6.0517% 13/10/2039 GB GBP 980,259 1,054,094 0.65
British Empire Sec & Gen 8.125% 02/07/2023 GB GBP 750,000 975,956 0.61
Intu SGS Finance 3.875% 17/03/2023 EMTN GB GBP 914,000 935,568 0.58
Lloyds Bank 5.125% 07/03/2025 EMTN GB GBP 750,000 899,016 0.56
Dignity Finance (A) 3.546% 31/12/2034 GB GBP 890,000 897,627 0.56
RBS 5.125% 13/01/2024 GB GBP 750,000 894,390 0.56
Unique Pub Finance 5.659% 30/06/2027 GB GBP 882,719 891,286 0.55
HSBC Holdings 6.375% VRN 18/10/2022 EMTN GB GBP 800,000 881,077 0.55
Intu SGS Finance 4.625% 17/03/2028 EMTN GB GBP 691,000 743,386 0.46
Co-Operative Bank 4.75% 11/11/2021 GB GBP 612,000 677,862 0.42
Metropolitan Life GF I 3.50% 30/09/2026 GMTN US GBP 650,000 667,928 0.41
Trafford Centre Finance A2 6.50% 28/07/2033 KY GBP 483,722 627,651 0.39
Lloyds Bank 7.625% 22/04/2025 EMTN GB GBP 500,000 625,906 0.39
Lloyds Bank 4.875% 30/03/2027 EMTN GB GBP 500,000 592,418 0.37
Dali Capital 4.799% 21/12/2037 IE GBP 550,000 587,825 0.36
Clydesdale Bank 4.625% 08/06/2026 EMTN GB GBP 500,000 575,275 0.36
Telereal Securitisation 5.553% 10/12/2031 GB GBP 467,500 550,056 0.34
Society of Lloyd's 4.75% 30/10/2024 GB GBP 500,000 497,901 0.31
Bishopsgate Asset Finance 4.808% 14/08/2044 KY GBP 451,238 450,274 0.28
HSBC Bank 5.844% VRN (Perpetual) GB GBP 400,000 415,750 0.26
Foreign & Colonial Investment Trust 11.25% 31/12/2014GB GBP 400,000 406,254 0.25
Society of Lloyd's 6.875% VRN 17/11/2025 GB GBP 350,000 365,116 0.23
Meadowhall Finance A1 4.986% 12/01/2032 GB GBP 313,365 362,952 0.23
Commonwealth Bank Australia 3.00% 04/09/2026 AU GBP 350,000 353,415 0.22
EMTN
RBS 9.50% VRN (Perpetual) GB GBP 300,000 340,500 0.21
Channel Link A2 5.892% 30/06/2041 GB EUR 333,548 335,009 0.21
BL Superstores Finance 5.27% 04/07/2025 GB GBP 280,187 309,685 0.19
HBOS 7.881% VRN (Perpetual) GB GBP 250,000 301,938 0.19
Tesco Property Finance3 5.744% 13/04/2040 GB GBP 296,128 300,488 0.19
Annes Gate Property 5.661% 30/06/2031 GB GBP 250,000 288,283 0.18
Peel South East 10.00% 30/04/2026 GB GBP 200,000 273,479 0.17
HSBC Bank 5.00% VRN 20/03/2023 EMTN GB GBP 225,000 238,887 0.15
Marstons Issuer 1.935% FRN 15/07/2020 GB GBP 187,900 185,864 0.12
Credit Suisse 5.75% VRN 18/09/2025 CH EUR 200,000 174,761 0.11
Novae Group 6.50% 27/04/2017 GB GBP 135,000 135,007 0.08
Rabobank 6.875% 19/03/2020 Reg S NL EUR 100,000 93,431 0.06
BTA Bank KZ USD 1,381 548 0.00
Confederation Life 9.875% 03/03/2003 (Defaulted)* CA GBP 125,000 1 0.00
26,185,952 16.26
Government
UK Treasury 4.25% 07/03/2036 GB GBP 12,150,000 14,840,739 9.21
UK Treasury 4.25% 07/12/2055 GB GBP 8,750,000 11,481,201 7.13
UK Treasury 2.75% 22/01/2015 GB GBP 7,700,000 7,739,655 4.81
UK Treasury 4.25% 07/06/2032 GB GBP 6,150,000 7,457,191 4.63
UK Treasury (A) 3.50% (Perpetual) GB GBP 8,070,000 7,401,401 4.60
UK Treasury 4.50% 07/09/2034 GB GBP 3,925,000 4,932,108 3.06
UK Treasury 3.75% 07/09/2021 GB GBP 4,200,000 4,715,522 2.93
UK Treasury 6.00% 07/12/2028 GB GBP 2,650,000 3,752,485 2.33
US Treasury 3.50% 15/05/2020 US USD 4,750,000 3,243,112 2.01
US Treasury 3.625% 15/02/2021 US USD 1,900,000 1,306,617 0.81
UK Treasury 4.50% 07/12/2042 GB GBP 1,000,000 1,297,629 0.81
UK Treasury 2.25% 07/09/2023 GB GBP 750,000 757,098 0.47
UK Treasury 3.50% 22/07/2068 GB GBP 500,000 572,135 0.36
UK Treasury 5.00% 07/03/2025 GB GBP 350,000 438,950 0.27
UK Treasury 4.75% 07/12/2038 GB GBP 200,000 264,581 0.16
US Treasury 3.375% 15/11/2019 US USD 350,000 237,154 0.15
Germany 4.25% 04/07/2018 DE EUR 150,000 135,894 0.08
US Treasury 2.625% 15/11/2020 US USD 200,000 130,164 0.08
US Treasury 2.50% 15/05/2024 US USD 200,000 126,979 0.08
70,830,615 43.98
Securities Admitted to or Dealt on Other Regulated Markets
Securities Admitted to or Dealt on Other Regulated Markets
Utilities
Electricite de France 6.00% 22/01/2114 144A FR USD 1,350,000 952,165 0.59
Centrica 4.00% 16/10/2023 144A LU USD 400,000 256,997 0.16
1,209,162 0.75
Information Technology
Microsoft 2.375% 01/05/2023 US USD 1,500,000 910,116 0.57
910,116 0.57
Consumer Discretionary
AA Bond 3.781% 31/07/2019 EMTN LU GBP 500,000 511,826 0.32
511,826 0.32
Consumer Staples
BAT Int'l Finance 6.375% 12/12/2019 EMTN LU GBP 1,520,000 1,807,404 1.12
BAT Int'l Finance 6.00% 24/11/2034 EMTN LU GBP 600,000 768,112 0.48
Altria Group 2.85% 09/08/2022 LU USD 500,000 302,927 0.19
Altria Group 10.20% 06/02/2039 LU USD 250,000 269,291 0.17
* 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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