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

Fidelity
Funds
Unlisted
Energy
Remedial Cayman 10.00% 28/03/2012 (Defaulted)* KY USD 1,184,925 36,540 0.00
Viking Drilling 0.00% FRN 05/10/2011 (Defaulted)* NO USD 982,960 8 0.00
Offshore Accommodation IS* US USD 230,555 2 0.00
Remedial Cayman* KY USD 1,032 0 0.00
36,550 0.00
Industrials
Nobina* SE SEK 1,499,154 1,744,240 0.09
Nobina Europe 9.125% 01/08/2012 SE EUR 1,661,694 1,089,490 0.05
2,833,730 0.14
Consumer Discretionary
Gallery Capital* LU USD 2,152 2,889,220 0.14
Talon Equityco Wts 23/11/2040* BE EUR 2,848 0 0.00
Visiocorp Wts A 31/12/2012* GB GBP 3,932 0 0.00
Visiocorp Wts B 31/12/2012* GB GBP 3,932 0 0.00
2,889,220 0.14
Financials
Cattles 6.875% 17/01/2014 EMTN (Defaulted)* GB GBP 1,415,462 18 0.00
Damovo Group* KY EUR 835,516 8 0.00
Nightingale Finance 2007-11 1 0.983% FRN 07/06/2015* GB USD 129,812 1 0.00
27 0.00
Fractions (7) (0.00)
Total Investments (Cost EUR 1,905,060,039) 1,930,316,147 94.79
Credit Default Swaps
European High Yield Fund - continued
Schedule of Investments as at 31 October 2012
Ccy Underlying Unrealised % Net
exposure gain / (loss) Assets
EUR
Bought protection on Spain 5.50% 20/12/2017 USD 20,740,455 1,425,235 0.07
Bought protection on Italy 6.875% 20/12/2017 USD 17,988,167 1,103,782 0.05
Sold protection on Virgin Media Finance 20/12/2017 EUR 5,602,872 687,072 0.03
Sold protection on UPC Holding 20/12/2017 EUR 29,813,175 643,993 0.03
Bought protection on Codere Finance 20/09/2015 EUR 3,194,620 613,932 0.03
Bought protection on Generali Finance 20/06/2017 EUR 9,239,823 584,137 0.03
Bought protection on Russia 5.00% 20/12/2017 USD 29,488,798 580,899 0.03
Bought protection on France 4.25% 20/12/2017 USD 35,386,558 578,510 0.03
Bought protection on Itraxx Xover 20/12/2017 EUR 39,318,397 348,352 0.02
Sold protection on Royal Caribbean Cruises 20/03/2017 USD 4,914,800 345,389 0.02
Bought protection on Codere Finance 8.25% 20/06/2015 EUR 1,867,624 342,425 0.02
Sold protection on Fiat Finance & Trade 20/09/2014 EUR 21,035,343 283,708 0.01
Sold protection on Fiat Industrial 20/03/2015 EUR 3,636,952 265,991 0.01
Bought protection on Dixons 8.75% 20/12/2017 EUR 6,045,204 129,769 0.01
Bought protection on Russia 5.00% 20/12/2014 USD 10,910,855 (34,146) (0.00)
Sold protection on Alcatel 20/12/2014 EUR 4,275,876 (646,249) (0.03)
Bought protection on UK Treasury 4.25% 20/09/2017 USD 36,369,518 (1,022,621) (0.05)
Bought protection on Itraxx Europe Sub Fin. 20/12/2016 EUR 19,659,199 (1,871,933) (0.09)
4,358,245 0.21
Forward Foreign Exchange Contracts
Country Ccy Shares or Market % Net
Code Nominal Value Assets
EUR
Underlying Unrealised % Net
exposure gain / (loss) Assets
EUR EUR
Bought EUR Sold USD at 0.81235 20/11/2012 86,540,026 4,664,813 0.23
Bought EUR Sold USD at 0.81248 20/11/2012 83,419,194 4,510,875 0.22
Bought EUR Sold USD at 0.81231 20/11/2012 83,343,427 4,488,224 0.22
Bought EUR Sold USD at 0.81219 20/11/2012 83,457,077 4,480,915 0.22
Bought EUR Sold USD at 0.81171 20/11/2012 83,494,960 4,430,961 0.22
Bought EUR Sold GBP at 1.26830 20/11/2012 73,386,347 1,476,987 0.07
Bought EUR Sold GBP at 1.26825 20/11/2012 73,355,795 1,473,904 0.07
Bought EUR Sold GBP at 1.26798 20/11/2012 73,447,451 1,459,691 0.07
Bought EUR Sold GBP at 1.26754 20/11/2012 73,616,099 1,437,062 0.07
Bought EUR Sold GBP at 1.26736 20/11/2012 73,325,242 1,420,773 0.07
Bought EUR Sold USD at 0.80758 20/11/2012 10,336,655 493,153 0.02
Bought EUR Sold USD at 0.80925 20/11/2012 9,311,734 464,490 0.02
Bought EUR Sold USD at 0.81174 20/11/2012 4,402,806 233,846 0.01
Bought EUR Sold GBP at 1.27562 20/11/2012 5,573,941 145,025 0.01
Bought EUR Sold GBP at 1.26951 20/11/2012 6,316,970 133,297 0.01
Bought EUR Sold USD at 0.79205 20/11/2012 4,805,980 132,472 0.01
Bought EUR Sold USD at 0.81250 20/11/2012 1,934,479 104,656 0.01
Bought EUR Sold GBP at 1.27398 20/11/2012 4,096,437 101,159 0.00
Bought EUR Sold CHF at 0.83332 20/11/2012 18,378,264 101,152 0.00
Bought EUR Sold GBP at 1.26514 20/11/2012 4,694,038 82,575 0.00
Bought EUR Sold GBP at 1.27154 20/11/2012 3,166,428 71,984 0.00
231
Bought EUR Sold SEK at 0.12044 20/11/2012 1,923,418 69,092 0.00
Bought EUR Sold GBP at 1.26346 20/11/2012 3,986,449 64,735 0.00
Bought EUR Sold GBP at 1.26116 20/11/2012 3,562,385 51,243 0.00
Bought USD Sold EUR at 1.30698 20/11/2012 3,984,537 29,586 0.00
Bought EUR Sold GBP at 1.26862 20/11/2012 1,449,835 29,553 0.00
Bought EUR Sold CHF at 0.83266 20/11/2012 5,889,028 27,709 0.00
Bought EUR Sold GBP at 1.25239 20/11/2012 3,359,518 24,625 0.00
Bought EUR Sold GBP at 1.24435 20/11/2012 19,951,798 17,272 0.00
Bought CHF Sold EUR at 1.21598 20/11/2012 2,208,457 17,137 0.00
Bought EUR Sold GBP at 1.24700 20/11/2012 4,975,118 14,894 0.00
Bought GBP Sold EUR at 0.80803 20/11/2012 2,178,733 10,026 0.00
Bought EUR Sold AUD at 0.85043 20/11/2012 128,547 8,345 0.00
Bought CHF Sold EUR at 1.20919 20/11/2012 3,674,343 7,827 0.00
Bought EUR Sold USD at 0.77115 20/11/2012 16,363,345 7,457 0.00
Bought CHF Sold EUR at 1.20952 20/11/2012 2,985,001 7,170 0.00
Bought EUR Sold USD at 0.77107 20/11/2012 10,310,976 3,593 0.00
Bought USD Sold EUR at 1.29809 20/11/2012 6,027,581 3,452 0.00
Bought EUR Sold GBP at 1.24432 20/11/2012 3,393,737 2,870 0.00
Bought KRW Sold USD at 1,119.50000 20/11/2012 72,992 1,902 0.00
Bought EUR Sold USD at 0.81301 20/11/2012 23,347 1,279 0.00
Bought EUR Sold JPY at 0.01034 20/11/2012 14,665 1,047 0.00
Bought USD Sold EUR at 1.31230 20/11/2012 72,541 836 0.00
Bought EUR Sold USD at 0.81039 20/11/2012 13,008 668 0.00
Bought USD Sold EUR at 1.30708 20/11/2012 83,093 623 0.00
Bought CZK Sold EUR at 25.18708 20/11/2012 190,248 611 0.00
Bought EUR Sold USD at 0.79798 20/11/2012 14,342 506 0.00
Bought EUR Sold USD at 0.79364 20/11/2012 12,674 376 0.00
Bought EUR Sold USD at 0.78154 20/11/2012 14,008 195 0.00
Bought EUR Sold GBP at 1.25844 20/11/2012 15,063 184 0.00
Bought USD Sold EUR at 1.31457 20/11/2012 12,837 170 0.00
Bought EUR Sold GBP at 1.25880 20/11/2012 12,911 161 0.00
Bought EUR Sold USD at 0.77482 20/11/2012 28,017 146 0.00
Bought EUR Sold USD at 0.77576 20/11/2012 22,680 146 0.00
Bought EUR Sold USD at 0.77473 20/11/2012 27,016 138 0.00
Bought GBP Sold EUR at 0.81274 20/11/2012 9,583 100 0.00
Bought GBP Sold EUR at 0.80833 20/11/2012 8,565 43 0.00
Bought USD Sold EUR at 1.30147 20/11/2012 12,967 41 0.00
Bought EUR Sold USD at 0.77234 20/11/2012 17,010 34 0.00
Bought GBP Sold EUR at 0.80594 20/11/2012 16,644 33 0.00
Bought EUR Sold GBP at 1.24425 20/11/2012 18,829 15 0.00
Bought EUR Sold NZD at 0.63137 20/11/2012 64,346 (145) (0.00)
Bought USD Sold EUR at 1.23192 20/11/2012 9,484 (478) (0.00)
Bought EUR Sold CZK at 0.03970 20/11/2012 190,858 (636) (0.00)
Bought EUR Sold USD at 0.77019 20/11/2012 3,356,467 (2,676) (0.00)
Bought USD Sold KRW at 0.00088 20/11/2012 91,708 (3,682) (0.00)
Bought USD Sold EUR at 1.29435 20/11/2012 3,373,510 (7,790) (0.00)
Bought GBP Sold EUR at 0.80172 20/11/2012 2,452,116 (7,941) (0.00)
Bought CHF Sold EUR at 1.20005 20/11/2012 3,092,931 (16,853) (0.00)
Bought EUR Sold GBP at 1.23713 20/11/2012 4,160,135 (20,567) (0.00)
Bought GBP Sold EUR at 0.79919 20/11/2012 4,387,237 (28,051) (0.00)
Bought GBP Sold EUR at 0.80049 20/11/2012 6,677,614 (31,902) (0.00)
Bought USD Sold EUR at 1.27953 20/11/2012 2,366,877 (32,503) (0.00)
Bought EUR Sold GBP at 1.23785 20/11/2012 7,667,946 (33,424) (0.00)
Bought USD Sold EUR at 1.29365 20/11/2012 13,493,142 (38,482) (0.00)
Bought EUR Sold GBP at 1.22658 20/11/2012 3,414,512 (45,849) (0.00)
Bought EUR Sold GBP at 1.24068 20/11/2012 24,554,179 (51,189) (0.00)
Bought EUR Sold USD at 0.76047 20/11/2012 4,735,422 (63,502) (0.00)
Bought SEK Sold EUR at 8.27430 20/11/2012 1,999,349 (75,931) (0.00)
Bought EUR Sold USD at 0.76070 20/11/2012 6,185,361 (81,038) (0.00)
Bought USD Sold EUR at 1.25663 20/11/2012 2,927,066 (91,874) (0.00)
Bought USD Sold EUR at 1.28865 20/11/2012 14,432,612 (96,785) (0.00)
Bought GBP Sold EUR at 0.79840 20/11/2012 13,343,303 (98,320) (0.00)
Bought USD Sold EUR at 1.28907 20/11/2012 16,756,754 (107,010) (0.01)
Bought EUR Sold GBP at 1.23456 20/11/2012 16,126,665 (113,012) (0.01)
Bought USD Sold EUR at 1.28663 20/11/2012 16,997,099 (140,512) (0.01)
Bought GBP Sold EUR at 0.79463 20/11/2012 16,058,696 (193,558) (0.01)
Bought USD Sold EUR at 1.26002 20/11/2012 7,298,763 (210,026) (0.01)
Bought GBP Sold EUR at 0.78839 20/11/2012 10,622,658 (210,474) (0.01)
30,509,644 1.50
- A-ACC Shares (SEK) (hedged)
Bought EUR Sold SEK at 0.11649 07/11/2012 86,615,357 119,633 0.01
Bought SEK Sold EUR at 8.60923 07/11/2012 3,329,450 4,903 0.00
Bought SEK Sold EUR at 8.57716 07/11/2012 4,327,538 (9,770) (0.00)
Bought SEK Sold EUR at 8.59420 07/12/2012 86,992,623 (127,309) (0.01)
Bought SEK Sold EUR at 8.44910 07/11/2012 40,240,972 (690,315) (0.03)
Bought SEK Sold EUR at 8.44380 07/11/2012 40,125,654 (713,076) (0.04)
(1,415,934) (0.07)
- A-ACC Shares (USD) (hedged)
Underlying Unrealised % Net
exposure gain / (loss) Assets
EUR EUR
Bought USD Sold EUR at 1.30058 07/12/2012 6,384,099 14,797 0.00
Bought EUR Sold USD at 0.77573 07/11/2012 255,165 1,602 0.00
Bought USD Sold EUR at 1.29713 07/11/2012 369,277 (20) (0.00)
Bought USD Sold EUR at 1.29338 07/11/2012 283,754 (836) (0.00)
Bought EUR Sold USD at 0.76514 07/11/2012 512,643 (3,823) (0.00)
Bought EUR Sold USD at 0.76911 07/11/2012 6,400,718 (14,792) (0.00)