Fidelity Funds - Chartbook.fid-intl.com

Fidelity
Funds
US High Yield Fund
Schedule of Investments as at 31 October 2014
Country
Code Ccy
Shares or
Nominal
Market Value
USD % Net
Assets
Securities Admitted to or Dealt on an Official Stock Exchange
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
Denbury Resources 4.625% 15/07/2023 US USD 18,490,372 17,134,038 0.30
Energy Transfer Equity 7.50% 15/10/2020 US USD 13,885,032 16,070,536 0.28
Unit 6.625% 15/05/2021 US USD 14,381,912 14,346,220 0.25
Teekay 8.50% 15/01/2020 MH USD 12,679,638 14,296,292 0.25
EP Energy (A) US USD 451,517 6,179,004 0.11
Summit Midstream Finance 5.50% 15/08/2022 US USD 4,421,311 4,450,979 0.08
Rose Rock Midstream Finance 5.625% 15/07/2022 US USD 3,381,544 3,364,636 0.06
EPL Oil & Gas 8.25% 15/02/2018 US USD 2,824,854 2,741,719 0.05
MarkWest Energy Finance 6.75% 01/11/2020 US USD 2,507,403 2,674,684 0.05
Gulfmark Offshore 6.375% 15/03/2022 US USD 2,074,934 1,900,992 0.03
Energy Transfer Partners 9.00% 15/04/2019 US USD 576,013 722,585 0.01
83,881,685 1.47
Utilities
GenOn Americas Generation 9.125% 01/05/2031 US USD 2,286,568 2,159,434 0.04
2,159,434 0.04
Materials
Trinseo Materials Finance 8.75% 01/02/2019 LU USD 25,396,082 26,784,740 0.47
LyondellBasell Industries (A) US USD 182,649 16,637,530 0.29
Axiall US USD 254,881 10,131,518 0.18
Trinseo US USD 227,708 3,340,478 0.06
Rockwood Specialties Group 4.625% 15/10/2020 US USD 2,479,799 2,588,290 0.05
AngloGold Ashanti ADR ZA USD 216,536 1,799,411 0.03
Owens-Illinois 7.80% 15/05/2018 US USD 966,155 1,086,099 0.02
62,368,066 1.09
Industrials
International Lease Finance 8.625% 15/01/2022 US USD 57,095,177 71,654,447 1.26
International Lease Finance 5.875% 15/08/2022 US USD 31,321,834 34,258,256 0.60
International Lease Finance 6.25% 15/05/2019 US USD 23,440,768 25,682,291 0.45
International Lease Finance 8.25% 15/12/2020 US USD 11,202,801 13,550,404 0.24
USG 9.75% 15/01/2018 US USD 6,795,292 7,859,095 0.14
TransDigm 6.50% 15/07/2024 US USD 6,040,771 6,221,994 0.11
International Lease Finance 8.875% 01/09/2017 US USD 3,942,834 4,514,111 0.08
163,740,598 2.87
Information Technology
CDW US USD 460,074 14,170,278 0.25
Facebook (A) US USD 144,363 10,856,092 0.19
Freescale Semiconductor US USD 487,402 9,631,070 0.17
Alibaba Group Holding ADR CN USD 86,126 8,526,458 0.15
Spansion (A) US USD 3,408 67,108 0.00
43,251,006 0.76
Consumer Discretionary
Numericable Group 6.00% 15/05/2022 144A FR USD 46,154,618 47,646,336 0.84
Reynolds 5.75% 15/10/2020 US USD 41,328,443 43,016,730 0.75
Studio City Finance 8.50% 01/12/2020 144A VG USD 32,844,679 35,886,556 0.63
DR Horton 5.75% 15/08/2023 US USD 21,701,688 23,166,552 0.41
General Motors US USD 674,958 21,180,180 0.37
Numericable Group 4.875% 15/05/2019 144A FR USD 18,471,969 18,518,768 0.32
PVH 4.50% 15/12/2022 US USD 15,513,694 15,493,681 0.27
Regal Entertainment Group 5.75% 15/06/2023 US USD 15,430,880 15,116,630 0.27
Reynolds 7.875% 15/08/2019 US USD 12,081,542 12,942,352 0.23
Aramark US USD 460,442 12,864,750 0.23
Extended Stay America US USD 467,803 10,773,507 0.19
Unitymedia Hessen 5.50% 15/01/2023 144A DE USD 9,334,900 9,754,971 0.17
Delphi Automotive GB USD 137,333 9,475,977 0.17
MCE Finance 5.00% 15/02/2021 144A KY USD 8,865,625 8,807,258 0.15
Cumulus Media (A) US USD 2,097,661 7,677,440 0.13
Schaeffler Holding Finance 6.25% 15/11/2019 144A NL USD 5,962,558 6,193,607 0.11
Dana Holding 5.375% 15/09/2021 US USD 5,870,544 6,120,042 0.11
JC Penney 5.65% 01/06/2020 US USD 7,181,754 5,996,765 0.11
Sally Holdings 5.75% 01/06/2022 US USD 5,346,059 5,669,924 0.10
Wolverine World Wide 6.125% 15/10/2020 US USD 4,333,897 4,572,261 0.08
Dana Holding 6.75% 15/02/2021 US USD 3,376,943 3,596,444 0.06
Reynolds 9.875% 15/08/2019 US USD 3,257,324 3,547,079 0.06
Schaeffler Holding Finance 6.75% 15/11/2022 144A NL USD 2,834,056 3,007,641 0.05
Reynolds 9.00% 15/04/2019 US USD 2,765,044 2,899,840 0.05
Ryland Group 5.375% 01/10/2022 US USD 2,677,630 2,642,513 0.05
DR Horton 4.75% 15/02/2023 US USD 2,636,224 2,628,921 0.05
Choice Hotels International 5.75% 01/07/2022 US USD 2,318,773 2,498,731 0.04
JC Penney 5.75% 15/02/2018 US USD 2,125,542 1,996,776 0.04
JC Penney 7.40% 01/04/2037 US USD 2,341,776 1,808,004 0.03
General Motors Wts 10/07/2016 US USD 21,966 475,339 0.01
General Motors Wts 10/07/2019 US USD 21,966 315,209 0.01
Mood Media 10.00% 31/10/2015 CA USD 35,886 29,965 0.00
Time Warner Cable US USD 33 4,838 0.00
Motors Liquidation 8.375% 15/07/2033 (Defaulted)* US USD 73,772,857 738 0.00
Motors Liquidation 7.70% 15/04/2016 (Defaulted)* US USD 2,498,202 25 0.00
Motors Liquidation 6.75% 01/05/2028 (Defaulted)* US USD 1,380,222 14 0.00
Motors Liquidation 7.40% 01/09/2025 (Defaulted)* US USD 694,712 7 0.00
Adelphia Recovery Trust* US USD 92,860 1 0.00
Vertis Holdings* US USD 16,849 0 0.00
346,326,372 6.07
Country
Code Ccy
Consumer Staples
Targa Resources Partners 6.375% 01/08/2022 US USD 2,840,497 3,074,838 0.05
Baytex Energy 5.125% 01/06/2021
Rite Aid 7.70% 15/02/2027 US USD 21,457,849 23,660,631
144A LU USD 3,050,290 2,985,472 0.05
0.41
Baytex Energy 5.625% 01/06/2024
JBS Investments 7.75% 28/10/2020 144A AT USD 18,140,716 19,866,152
144A LU USD 3,050,290 2,924,466 0.05
0.35
RSP Permian 6.625% 01/10/2022
ESAL 6.25% 05/02/2023 144A AT USD 15,352,668 15,772,563
144A US USD 2,489,000 2,489,000 0.04
0.28
* Security with price determined by the Directors.
**Security is subject to an agreement restricting sale entered into in connection with the litigation described in the Notes to Financial Statements.
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.
229
Shares or
Nominal
Market Value % Net
USD Assets
Rite Aid 9.25% 15/03/2020 US USD 7,710,839 8,518,858 0.15
JBS Investments 7.25% 03/04/2024 144A AT USD 5,769,327 6,173,665 0.11
Minerva Luxembourg 7.75% 31/01/2023 144A LU USD 1,702,274 1,786,536 0.03
75,778,405 1.33
Healthcare
HCA 4.75% 01/05/2023 US USD 74,508,976 76,045,723 1.33
HCA 5.875% 15/03/2022 US USD 58,765,245 64,559,205 1.13
HCA 6.50% 15/02/2020 US USD 18,343,148 20,468,963 0.36
DaVita HealtHCAre Partners 5.125% 15/07/2024 US USD 13,401,954 13,716,846 0.24
HCA Holdings 6.25% 15/02/2021 US USD 9,767,370 10,550,273 0.18
HCA 5.00% 15/03/2024 US USD 9,394,710 9,682,094 0.17
Tenet HealtHCAre 4.75% 01/06/2020 US USD 6,620,464 6,782,632 0.12
HealthSouth 8.125% 15/02/2020 US USD 4,292,490 4,529,178 0.08
206,334,914 3.62
Telecommunication Services
Sprint Communications 6.00% 15/11/2022 US USD 39,598,565 39,595,139 0.69
Sprint Capital 6.90% 01/05/2019 US USD 29,430,010 31,158,435 0.55
T-Mobile (USA) 6.625% 01/04/2023 US USD 20,620,514 21,813,329 0.38
Wind Acquisition Finance 4.75% 15/07/2020 144A LU USD 16,700,684 16,387,546 0.29
T-Mobile (USA) 6.25% 01/04/2021 US USD 13,793,017 14,436,909 0.25
T-Mobile (USA) 6.542% 28/04/2020 US USD 9,394,710 9,994,572 0.18
Sprint Capital 8.75% 15/03/2032 US USD 8,874,826 9,950,899 0.17
T-Mobile (USA) 6.633% 28/04/2021 US USD 8,492,965 8,960,524 0.16
T-Mobile (USA) 6.731% 28/04/2022 US USD 6,270,808 6,646,881 0.12
Virgin Media Secured Finance 5.375% 15/04/2021 GB USD 5,263,246 5,480,355 0.10
144A
T-Mobile (USA) 6.50% 15/01/2024 US USD 2,760,444 2,909,784 0.05
T-Mobile (USA) 6.836% 28/04/2023 US USD 1,835,695 1,947,553 0.03
169,281,926 2.97
Financials
RBS Group 5.125% 28/05/2024 GB USD 35,062,236 35,480,353 0.62
GMAC Capital Trust I 8.125% VRN 15/02/2040 (Pref'd) US USD 947,080 25,324,911 0.44
RBS Group 6.00% 19/12/2023 GB USD 22,539,023 24,243,288 0.43
Credit Agricole 6.625% VRN (Perpetual) 144A FR USD 16,502,852 16,188,184 0.28
Senior Housing Properties Trust 6.75% 15/04/2020 US USD 13,802,218 15,752,334 0.28
CIT Group 5.00% 15/08/2022 US USD 12,583,022 13,302,614 0.23
CIT Group 5.00% 01/08/2023 US USD 9,951,399 10,455,189 0.18
Realogy Holdings US USD 164,877 6,664,316 0.12
Kennedy-Wilson 5.875% 01/04/2024 US USD 4,205,076 4,289,177 0.08
151,700,366 2.66
Securities Admitted to or Dealt on Other Regulated Markets
Securities Admitted to or Dealt on Other Regulated Markets
Energy
Offshore Group Investment 7.125% 01/04/2023 KY USD 27,240,978 22,746,217 0.40
Targa Resources Partners 4.125% 15/11/2019 144A US USD 19,217,289 19,487,824 0.34
Clayton Williams Energy 7.75% 01/04/2019 US USD 17,100,949 17,111,038 0.30
Fieldwood Energy 5.631% FRN 30/09/2020 US USD 16,180,801 15,665,038 0.27
Kodiak Oil & Gas 8.125% 01/12/2019 CA USD 13,742,409 14,841,802 0.26
Sabine Pass Liquefaction 5.625% 15/04/2023 US USD 14,253,091 14,820,792 0.26
Offshore Group Investment 7.50% 01/11/2019 KY USD 16,640,875 14,435,959 0.25
Sabine Pass Liquefaction 5.625% 15/04/2023 US USD 13,645,793 14,189,305 0.25
Access Midstream Partners 4.875% 15/05/2023 LU USD 11,805,497 12,381,015 0.22
Crestwood Midstream 7.75% 01/04/2019 US USD 11,524,852 12,101,095 0.21
Antero Resources 5.125% 01/12/2022 144A LU USD 11,281,013 11,239,837 0.20
Ship Finance International 3.25% 01/02/2018 BM USD 9,468,322 10,131,104 0.18
Sabine Pass Liquefaction 5.75% 15/05/2024 144A US USD 9,666,154 10,049,740 0.18
EP Energy 9.375% 01/05/2020 US USD 9,146,270 10,044,480 0.18
Chesapeake Energy 5.75% 15/03/2023 LU USD 9,141,669 10,029,572 0.18
Access Midstream Partners 6.125% 15/07/2022 LU USD 8,161,712 8,875,862 0.16
Pacific Drilling V 7.25% 01/12/2017 144A VG USD 8,690,797 8,658,206 0.15
California Resources 5.50% 15/09/2021 144A LU USD 8,226,122 8,431,775 0.15
Atlas Pipeline Partners 5.875% 01/08/2023 LU USD 7,973,082 8,294,437 0.15
American Energy 7.375% 01/11/2021 144A LU USD 8,543,573 7,507,665 0.13
Chesapeake Energy 5.375% 15/06/2021 LU USD 7,117,344 7,452,066 0.13
SemGroup 7.50% 15/06/2021 US USD 6,583,658 6,970,448 0.12
California Resources 5.00% 15/01/2020 144A LU USD 6,326,017 6,420,907 0.11
MarkWest Energy Finance 6.50% 15/08/2021 US USD 5,877,905 6,314,310 0.11
Diamondback Energy 7.625% 01/10/2021 US USD 5,962,558 6,260,686 0.11
American Energy 6.732% FRN 01/08/2019 144A LU USD 6,836,699 6,118,845 0.11
Alpha Natural Resources 6.00% 01/06/2019 LU USD 12,486,407 6,118,339 0.11
American Energy 7.125% 01/11/2020 144A LU USD 6,956,318 6,097,624 0.11
Kodiak Oil & Gas 5.50% 01/02/2022 CA USD 5,948,756 6,067,731 0.11
EP Energy 7.75% 01/09/2022 US USD 5,557,693 5,891,155 0.10
Chesapeake Energy 4.875% 15/04/2022 LU USD 5,691,115 5,847,620 0.10
Crestwood Midstream 6.125% 01/03/2022 US USD 5,691,115 5,776,481 0.10
California Resources 6.00% 15/11/2024 144A LU USD 5,484,081 5,634,894 0.10
Atlas Pipeline Partners 4.75% 15/11/2021 LU USD 5,396,667 5,396,667 0.09
Chesapeake Energy 6.125% 15/02/2021 LU USD 4,430,512 4,948,638 0.09
Alpha Natural Resources 9.75% 15/04/2018 LU USD 7,572,817 4,922,331 0.09
Teine Energy 6.875% 30/09/2022 144A CA USD 5,074,616 4,820,092 0.08
Access Midstream Partners 5.875% 15/04/2021 LU USD 4,205,076 4,436,355 0.08
Targa Resources Partners 6.875% 01/02/2021 US USD 4,048,651 4,366,045 0.08
Alpha Natural Resources 6.25% 01/06/2021 LU USD 8,704,599 4,091,162 0.07
Western Refining 6.25% 01/04/2021 US USD 3,791,009 3,836,804 0.07
Genesis Energy Finance 5.75% 15/02/2021 US USD 3,542,569 3,576,888 0.06
Summit Midstream Finance 7.50% 01/07/2021 US USD 3,257,324 3,550,483 0.06
Kodiak Oil & Gas 5.50% 15/01/2021 CA USD 3,409,148 3,477,331 0.06