Semi-Annual Report and Accounts - chartbook.fid-intl.com

Fidelity
Funds
China RMB Bond Fund 4
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
CNH
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
CNPC Golden Autumn 2.55% 26/10/2013 Reg S VG CNY 47,746,012 47,502,029 3.55
CNPC Golden Autumn 2.95% 26/10/2014 Reg S VG CNY 5,729,521 5,703,295 0.43
Ezra Holdings 4.00% 25/11/2014 SG USD 763,936 4,756,663 0.36
Petronas Capital 7.875% 22/05/2022 Reg S MY USD 477,460 4,294,488 0.32
62,256,475 4.65
Utilities
Beijing Enterprises Water Group 3.75% 30/06/2014 BM CNY 32,180,812 32,180,812 2.40
China Guangdong Nuclear 3.75% 01/11/2015 Reg S CN CNY 27,692,687 27,838,073 2.08
HKCG Finance 1.40% 11/04/2016 EMTN HK CNY 19,098,405 17,918,410 1.34
China Resources Power Holdings 3.75% 12/11/2015 HK CNY 12,413,963 12,424,887 0.93
China Resources Power Holdings 2.90% 12/11/2013 HK CNY 9,549,202 9,520,841 0.71
Cheung Kong Infrastructure Holdings 7.00% (Perpetual) BM USD 1,336,888 8,658,900 0.65
Majapahit Holding 7.75% 17/10/2016 Reg S NL USD 572,952 4,275,965 0.32
Korea Gas 2.25% 25/07/2017 Reg S KR USD 668,444 4,197,059 0.31
Korea Hydro & Nuclear Power 6.25% 17/06/2014 Reg S KR USD 477,460 3,213,862 0.24
Beijing Enterprises Water Group 5.00% 30/06/2016 BM CNY 1,909,840 1,943,263 0.15
122,172,072 9.12
Materials
Baosteel Group 4.15% 01/03/2017 Reg S CN CNY 18,143,484 18,517,240 1.38
Baosteel Group 3.125% 01/12/2013 CN CNY 9,549,202 9,557,462 0.71
28,074,702 2.10
Industrials
Alstom 4.25% 09/03/2015 EMTN FR CNY 27,692,687 28,125,939 2.10
Noble Group 8.50% 30/05/2013 Reg S BM USD 1,718,856 11,126,074 0.83
Mitsui & Co 4.25% 01/03/2017 EMTN JP CNY 7,639,362 7,738,635 0.58
SM Investments 4.25% 17/10/2019 PH USD 954,920 6,047,400 0.45
Hutchison Whampoa Int’l 10 6.00% VRN (Perpetual) Reg S KY USD 859,428 5,619,817 0.42
Hutchison Whampoa Int’l 03/13 6.50% 13/02/2013 Reg S KY USD 763,936 4,838,736 0.36
Rosy Unicorn 6.50% 09/02/2017 BM USD 190,984 1,326,363 0.10
64,822,964 4.84
Consumer Discretionary
Volkswagen Int’l Finance 2.15% 23/05/2016 EMTN NL CNY 17,188,564 16,827,518 1.26
Lotte Shopping Business Management 4.00% 09/02/2015 HK CNY 13,368,883 13,486,061 1.01
BSH 2.90% 26/01/2015 Reg S DE CNY 9,549,202 9,532,491 0.71
BSH 3.80% 24/07/2017 Reg S DE CNY 4,774,601 4,780,546 0.36
LS Finance 2022 4.25% 16/10/2022 VG USD 477,460 2,974,055 0.22
BMW Australia Finance 2.00% 07/12/2012 EMTN AU CNY 954,920 952,772 0.07
48,553,443 3.63
Consumer Staples
Tesco 1.75% 01/09/2014 GB CNY 3,819,681 3,718,803 0.28
FPC Finance 6.00% 28/06/2019 VG USD 190,984 1,315,712 0.10
5,034,515 0.38
Telecommunication Services
Axiata 3.75% 18/09/2014 EMTN MY CNY 34,377,128 34,387,785 2.57
34,387,785 2.57
Financials
KfW 2.00% 21/05/2014 DE CNY 47,746,012 47,336,590 3.53
Korea Eximbank 3.25% 27/07/2015 EMTN KR CNY 32,467,288 32,548,456 2.43
Korea Development Bank 3.30% 21/06/2015 KR CNY 28,647,607 28,742,359 2.15
Agricultural Dev. Bank of China 2.98% 22/06/2014 CN CNY 26,260,306 26,255,317 1.96
Hyundai Capital Services 3.25% 04/03/2014 KR CNY 22,918,086 22,891,730 1.71
China Development Bank 4.30% 02/08/2032 CN CNY 19,098,405 19,456,500 1.45
Bank of East Asia China 3.65% 11/05/2015 Reg S CN CNY 19,098,405 19,289,389 1.44
ANZ Banking Group 2.90% 14/08/2015 EMTN AU CNY 18,143,484 17,998,337 1.34
Mizuho Capital Investment 14.95% VRN (Perpetual) Reg S KY USD 2,100,825 15,864,047 1.18
Value Success Int’l 2.075% 09/06/2014 VG CNY 16,233,644 15,746,635 1.18
Country Garden Holdings 2.50% 22/02/2013 KY CNY 12,891,423 15,552,342 1.16
China Development Bank 3.10% 16/01/2015 CN CNY 15,278,724 15,282,543 1.14
Silvery Castle 2.75% 14/07/2014 BM CNY 14,323,803 13,965,708 1.04
HSBC Bank 2.875% 30/04/2015 EMTN GB CNY 12,413,963 12,448,722 0.93
Sumitomo Mitsui Finance 4.00% 03/08/2015 EMTN JP CNY 12,413,963 12,389,135 0.93
Agricultural Dev. Bank of China 3.00% 17/01/2014 CN CNY 10,504,123 10,490,992 0.78
SMFG Preferred Capital 2 8.75% (Perpetual) Reg S KY USD 1,527,872 9,940,513 0.74
Shinhan Bank 3.50% 19/09/2014 Reg S KR CNY 9,549,202 9,576,418 0.72
Swedish Export Credit 2.375% 01/06/2015 SE CNY 9,549,202 9,496,061 0.71
Sumitomo Mitsui Finance 2.50% 12/09/2013 EMTN JP CNY 9,549,202 9,477,583 0.71
Kookmin Bank 7.25% 14/05/2014 Reg S KR USD 1,336,888 9,089,112 0.68
Wharf Finance 2014 2.30% 07/06/2014 VG HKD 9,549,202 7,701,274 0.58
Victor Soar 5.75% 10/11/2014 Reg S VG CNY 7,639,362 7,677,559 0.57
Global Logistic Properties 3.375% 11/05/2016 Reg S SG CNY 7,639,362 7,503,190 0.56
BP Capital Markets 1.70% 15/09/2014 EMTN GB CNY 7,639,362 7,457,927 0.56
214
Country Ccy Shares or Market % Net
Code Nominal Value Assets
CNH
Sino MTN 3.25% 21/09/2017 Reg S KY USD 954,920 6,010,394 0.45
PTTEP Australia Int’l Fin. Pty 4.152% 19/07/2015 Reg S AU USD 859,428 5,684,049 0.42
Hongkong Land Finance 5.50% 28/04/2014 KY USD 763,936 5,061,840 0.38
VTB Capital (VTB Bank) 4.50% 30/10/2015 Reg S LU CNY 4,774,601 4,793,007 0.36
Agricultural Dev. Bank of China 3.20% 17/01/2015 CN CNY 4,774,601 4,774,601 0.36
VTB Capital (VTB Bank) 2.95% 23/12/2013 Reg S LU CNY 4,774,601 4,739,508 0.35
CMT MTN 4.321% 08/04/2015 EMTN SG USD 668,444 4,422,200 0.33
Bank of Baroda London 4.75% 07/10/2015 IN USD 668,444 4,394,779 0.33
Sun Hung Kai Properties CM 3.50% 02/11/2016 Reg S KY USD 572,952 3,741,818 0.28
Wharf Finance 6.125% 06/11/2017 EMTN HK USD 477,460 3,425,242 0.26
Industrial Bank of Korea 7.125% 23/04/2014 Reg S KR USD 472,686 3,196,983 0.24
National Agricultural 5.00% 30/09/2014 Reg S KR USD 477,460 3,181,389 0.24
Franshion Investment 4.70% 26/10/2017 Reg S VG USD 477,460 2,953,213 0.22
Malayan Banking 3.25% VRN 20/09/2022 EMTN MY USD 477,460 2,953,213 0.22
Shui On Development Holding 6.875% 23/12/2013 KY CNY 2,864,761 2,898,182 0.22
Agricultural Dev. Bank of China 3.20% 22/06/2015 CN CNY 2,864,761 2,873,068 0.21
Bright North 1.25% 13/04/2016 VG CNY 2,864,761 2,692,875 0.20
Axis Bank Dubai 5.25% 30/09/2015 EMTN IN USD 381,968 2,517,887 0.19
China Overseas Finance (Cayman) 4.875% 15/02/2017 KY USD 286,476 1,942,837 0.15
ICICI Bank (Bahrain) 5.50% 25/03/2015 Reg S IN USD 286,476 1,894,764 0.14
United Overseas Bank 4.50% 02/07/2013 Reg S SG USD 286,476 1,823,740 0.14
Korea Development Bank 8.00% 23/01/2014 KR USD 190,984 1,290,904 0.10
Swire Pacific MTN Financing 5.625% 30/03/2016 EMTN KY USD 95,492 666,551 0.05
Korea Eximbank 8.125% 21/01/2014 KR USD 95,492 645,264 0.05
482,756,747 36.05
Government
China 2.38% 19/07/2014 CN CNY 47,746,012 47,590,121 3.55
HK Gov. Bond Programme 5.30% FRN 22/06/2015 HK HKD 25,782,846 22,008,336 1.64
Indonesia 10.375% 04/05/2014 Reg S ID USD 2,864,761 20,273,072 1.51
HK Gov. Bond Programme 5.07% FRN 28/07/2014 HK HKD 9,549,202 8,005,094 0.60
Philippines 8.75% 07/10/2016 Reg S PH USD 477,460 3,808,525 0.28
101,685,148 7.59
Securities Admitted to or Dealt on Other Regulated Markets
Energy
Petronas Global Sukuk 4.25% 12/08/2014 Reg S MY USD 286,476 1,883,958 0.14
1,883,958 0.14
Materials
Sinochem Offshore Capital 1.80% 18/01/2014 VG CNY 22,918,086 22,486,137 1.68
22,486,137 1.68
Industrials
Caterpillar Financial Services 2.00% 01/12/2012 EMTN US CNY 6,684,442 6,682,771 0.50
6,682,771 0.50
Consumer Discretionary
BSH 2.375% 29/09/2014 Reg S DE CNY 2,864,761 2,829,567 0.21
2,829,567 0.21
Telecommunication Services
America Movil 3.50% 08/02/2015 MX CNY 11,459,043 11,534,959 0.86
SK Telecom 2.125% 01/05/2018 Reg S KR USD 525,206 3,267,870 0.24
PCCW-HKT Capital No 2 6.00% 15/07/2013 Reg S VG USD 477,460 3,073,359 0.23
17,876,188 1.33
Financials
Shinhan Bank 2.50% 15/03/2013 KR CNY 19,098,405 19,038,722 1.42
ORIX 4.00% 29/11/2014 EMTN JP CNY 18,143,484 18,388,421 1.37
Industrial & Commercial Bank of China 3.00% 14/08/2015 CN CNY 13,368,883 13,354,579 1.00
Anstock Limited 4.25% 20/09/2016 Reg S KY CNY 13,368,883 13,134,928 0.98
Exim Bank of China 2.65% 02/12/2013 CN CNY 12,413,963 12,372,221 0.92
Westpac Capital Trust III 5.819% VRN (Perpetual) Reg S US USD 1,862,094 11,764,579 0.88
Exim Bank of China 3.35% 18/06/2017 CN CNY 9,549,202 9,550,921 0.71
Exim Bank of China 2.90% 05/04/2015 CN CNY 9,549,202 9,509,645 0.71
Korea Development Bank 2.75% 14/11/2013 EMTN KR CNY 9,549,202 9,501,027 0.71
Hitachi Capital 3.75% 22/03/2015 EMTN JP CNY 6,684,442 6,717,864 0.50
Caterpillar Financial Services 1.35% 12/07/2013 EMTN US CNY 6,684,442 6,602,557 0.49
Korea Exchange Bank 3.125% 26/06/2017 Reg S KR USD 954,920 6,203,450 0.46
CBA Capital Trust II 6.024% VRN (Perpetual) Reg S US USD 954,920 6,102,665 0.46
ORIX 2.00% 24/03/2014 JP CNY 5,729,521 5,586,283 0.42
CITIC Bank International 3.65% 28/09/2014 EMTN HK CNY 4,774,601 4,768,633 0.36
Macquarie Group 7.30% 01/08/2014 Reg S AU USD 477,460 3,246,171 0.24
Westfield Capital 5.125% 15/11/2014 Reg S AU USD 477,460 3,216,902 0.24
ICICI Bank 5.00% 15/01/2016 Reg S IN USD 477,460 3,136,326 0.23
Temasek Financial I 2.375% 23/01/2023 Reg S SG USD 477,460 2,940,911 0.22
WEA Finance 5.75% 02/09/2015 Reg S US USD 381,968 2,675,409 0.20
Svenska Handelsbanken 1.40% 28/02/2013 EMTN SE CNY 1,909,840 1,902,440 0.14
National Capital Trust II 5.486% VRN (Perpetual) Reg S US USD 286,476 1,804,161 0.13
A full list of footnotes is given on page 6.
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.