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

Fidelity
Funds
Global High Yield Bond Fund 1 - continued
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Bresnan Broadband Holdings 8.00% 15/12/2018 144A US USD 388 421 0.01
WMG Acquisition 6.00% 15/01/2021 144A US USD 401 405 0.01
Allbritton Communication 8.00% 15/05/2018 US USD 370 404 0.01
Clear Channel Worldwide (A) 7.625% 15/03/2020 US USD 417 397 0.01
Nexstar Broadcasting 7.00% 15/01/2014 US USD 394 397 0.01
Lamar Media 7.875% 15/04/2018 US USD 349 385 0.01
Reynolds Group Issuer 9.00% 15/04/2019 US USD 348 354 0.01
Lamar Media 5.875% 01/02/2022 US USD 331 352 0.01
Pinnacle Entertainment 7.75% 01/04/2022 US USD 322 350 0.01
WMG Acquisition 9.50% 15/06/2016 US USD 303 334 0.01
Videotron 9.125% 15/04/2018 CA USD 298 322 0.01
Independent News & Media IE EUR 2,599 287 0.01
Satmex Escrow 9.50% 15/05/2017 MX USD 267 287 0.01
Unitymedia Hessen 7.50% 15/03/2019 144A DE USD 259 285 0.01
Motors Liquidation GUC Trust US USD 14 279 0.01
Asbury Automotive Group 8.375% 15/11/2020 US USD 251 277 0.01
Boyd Acquisition 8.375% 15/02/2018 144A US USD 263 270 0.01
Tenneco 7.75% 15/08/2018 US USD 241 262 0.01
DISH DBS 7.125% 01/02/2016 US USD 231 259 0.01
DISH DBS 7.75% 31/05/2015 US USD 223 253 0.01
Cooper-Standard Automotive 8.50% 01/05/2018 US USD 234 252 0.01
AMC Networks 7.75% 15/07/2021 US USD 194 221 0.01
European Media Capital 10.00% 01/02/2015 144A LU USD 219 207 0.01
Delphi 5.875% 15/05/2019 US USD 185 199 0.01
American Casino & Entertainment 11.00% 15/06/2014 US USD 172 180 0.01
Shingle Springs Tribal G.A. 9.375% 15/06/2015 144A US USD 160 133 0.00
Lamar Media 9.75% 01/04/2014 US USD 116 130 0.00
Easton-Bell Sports 9.75% 01/12/2016 US USD 112 121 0.00
Nielsen Finance 11.625% 01/02/2014 US USD 66 75 0.00
Nexstar Finance 7.00% 15/01/2014 US USD 11 11 0.00
MTR Gaming Group 11.50% 01/08/2019 US USD 5 5 0.00
Adelphia Recovery Trust* US USD 12 0 0.00
Adelphia Recovery Trust ACC-1 US USD 28 0 0.00
Sbarro 10.375% 01/02/2015 (Defaulted)* US USD 58 0 0.00
147,308 4.71
Consumer Staples
Ontex IV 9.00% 15/04/2019 Reg S BE EUR 1,955 2,581 0.08
Revlon Consumer Products 9.75% 15/11/2015 US USD 1,187 1,252 0.04
Alphabet Holding 7.75% 01/11/2017 144A US USD 1,213 1,225 0.04
Post Holdings 7.375% 15/02/2022 144A US USD 1,035 1,109 0.04
Rite Aid 9.25% 15/03/2020 US USD 970 991 0.03
Constellation Brands 4.625% 01/03/2023 US USD 533 545 0.02
Prestige Brands 8.125% 01/02/2020 US USD 138 155 0.00
7,858 0.25
Healthcare
HCA Holdings 7.75% 15/05/2021 US USD 12,147 13,073 0.42
Fresenius US Finance II 9.00% 15/07/2015 144A US USD 5,378 6,178 0.20
Fresenius Med. Care US Fin. II 5.875% 31/01/2022 144A US USD 4,868 5,221 0.17
Fresenius Med. Care US Fin. II 5.625% 31/07/2019 144A US USD 3,077 3,254 0.10
Vanguard Health Holding 8.00% 01/02/2018 US USD 2,565 2,664 0.09
Vanguard Health Holding 7.75% 01/02/2019 144A US USD 2,229 2,329 0.07
Radiation Therapy Services 8.875% 15/01/2017 US USD 2,302 2,245 0.07
VPI Escrow 6.375% 15/10/2020 144A US USD 2,129 2,243 0.07
Multiplan 9.875% 01/09/2018 144A US USD 1,862 2,055 0.07
Aviv Healthcare Properties 7.75% 15/02/2019 US USD 1,864 1,966 0.06
Fresenius Medical Care US Fin. 5.75% 15/02/2021 144A US USD 1,736 1,844 0.06
Valeant Pharmaceuticals 6.75% 15/08/2021 144A US USD 1,434 1,530 0.05
Tenet Healthcare 6.25% 01/11/2018 US USD 1,319 1,428 0.05
Emergency Medical Services 8.125% 01/06/2019 US USD 1,325 1,412 0.05
Valeant Pharmaceuticals 7.25% 15/07/2022 144A US USD 1,224 1,328 0.04
Hologic 6.25% 01/08/2020 144A US USD 1,183 1,258 0.04
Community Health Systems 8.00% 15/11/2019 US USD 1,157 1,251 0.04
Valeant Pharmaceuticals 6.375% 15/10/2020 144A US USD 1,183 1,246 0.04
Emdeon 11.00% 31/12/2019 US USD 927 1,064 0.03
Mylan 7.875% 15/07/2020 144A US USD 937 1,060 0.03
Community Health Systems 5.125% 15/08/2018 US USD 1,006 1,055 0.03
Tenet Healthcare 6.75% 01/02/2020 144A US USD 901 906 0.03
Vanguard Health Holding 7.75% 01/02/2019 US USD 869 903 0.03
Tenet Healthcare 4.75% 01/06/2020 144A US USD 833 830 0.03
Sabra Health Care 8.125% 01/11/2018 144A US USD 717 779 0.02
Surgical Care Affiliates 8.875% 15/07/2015 144A US USD 683 707 0.02
HealthSouth 5.75% 01/11/2024 US USD 628 637 0.02
IMS Health 6.00% 01/11/2020 144A US USD 603 616 0.02
Valeant Pharmaceuticals 7.00% 01/10/2020 144A US USD 549 591 0.02
Mylan 7.625% 15/07/2017 144A US USD 520 581 0.02
DJO Finance 9.875% 15/04/2018 144A US USD 477 470 0.02
Surgical Care Affiliates 10.00% 15/07/2017 144A US USD 392 405 0.01
Rotech Healthcare 10.75% 15/10/2015 US USD 374 366 0.01
Sky Growth Acquisition 7.375% 15/10/2020 144A US USD 365 365 0.01
Sabra Health Care 8.125% 01/11/2018 US USD 283 310 0.01
Rotech Healthcare 10.50% 15/03/2018 US USD 511 294 0.01
American Renal Holdings 8.375% 15/05/2018 US USD 245 260 0.01
DJO Finance 8.75% 15/03/2018 144A US USD 111 119 0.00
Vanguard Health Systems 11.099% 01/02/2016 US USD 74 53 0.00
64,896 2.07
242
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Telecommunication Services
Intelsat Jackson Holdings 7.25% 01/04/2019 LU USD 7,341 7,883 0.25
OTE 4.625% 20/05/2016 GB EUR 6,143 6,288 0.20
Clearwire Communications 12.00% 01/12/2015 144A US USD 4,939 5,260 0.17
Virgin Media Finance 5.125% 15/02/2022 GB GBP 3,160 5,118 0.16
Sprint Nextel 9.00% 15/11/2018 144A US USD 3,803 4,712 0.15
Intelsat Jackson Holdings 6.625% 15/12/2022 144A LU USD 4,494 4,477 0.14
Digicel Group 8.25% 30/09/2020 144A BM USD 3,267 3,545 0.11
Digicel Group 10.50% 15/04/2018 144A BM USD 2,973 3,302 0.11
Intelsat Jackson Holdings 7.25% 15/10/2020 144A LU USD 2,893 3,077 0.10
Clearwire Finance 12.00% 01/12/2015 144A US USD 2,858 3,036 0.10
Intelsat Luxembourg 11.25% 04/02/2017 LU USD 2,473 2,606 0.08
Leap Wireless International 4.50% 15/07/2014 US USD 2,243 2,175 0.07
Windstream 7.50% 01/06/2022 US USD 1,951 2,068 0.07
Intelsat Jackson Holdings 7.50% 01/04/2021 LU USD 1,908 2,051 0.07
NII Capital 7.625% 01/04/2021 US USD 2,201 1,745 0.06
SBA Communications 5.625% 01/10/2019 144A US USD 1,529 1,573 0.05
Digicel 8.25% 01/09/2017 144A BM USD 1,204 1,296 0.04
Level 3 Financing 7.00% 01/06/2020 144A US USD 1,173 1,194 0.04
Virgin Media Finance 4.875% 15/02/2022 GB USD 1,170 1,187 0.04
Matterhorn Mobile Holdings 8.25% 15/02/2020 Reg S LU EUR 746 1,057 0.03
Clearwire Communications 12.00% 01/12/2017 144A US USD 944 1,048 0.03
Matterhorn Mobile 6.75% 15/05/2019 Reg S LU CHF 785 896 0.03
TW Telecom Holdings 8.00% 01/03/2018 US USD 686 758 0.02
OTE 5.00% 05/08/2013 EMTN GB EUR 510 639 0.02
Telesat (Canada) (L) 6.00% 15/05/2017 144A CA USD 609 638 0.02
Intelsat Jackson Holdings 7.25% 15/10/2020 LU USD 581 621 0.02
NII Capital 8.875% 15/12/2019 US USD 624 529 0.02
Digicel 12.00% 01/04/2014 144A BM USD 383 424 0.01
Level 3 Communications 8.875% 01/06/2019 144A US USD 346 365 0.01
CC Holdings GS V 7.75% 01/05/2017 144A US USD 192 205 0.01
Digicel 7.00% 15/02/2020 144A BM USD 191 202 0.01
ERC Ireland Preferred Equity 7.349% 15/02/2017 (Defaulted)* IE EUR 20,852 0 0.00
Hellas Telecomm. Finance 8.21% 15/07/2015 (Defaulted)* LU EUR 5,168 0 0.00
Hellas Telecomm. II 0.00% 15/01/2015 144A* LU USD 195 0 0.00
Hellas Telecomm. II 0.00% 15/01/2015 (Defaulted)* LU EUR 5,005 0 0.00
69,975 2.24
Financials
CIT Group 4.75% 15/02/2015 144A US USD 17,357 18,051 0.58
Ally Financial 8.00% 01/11/2031 (Guaranteed) US USD 12,861 15,258 0.49
Boats Investments (NL) 11.00% 31/03/2017 EMTN NL EUR 18,834 12,564 0.40
Ally Financial 8.00% 31/12/2018 US USD 10,359 11,629 0.37
Signum Luxembourg I 3.998% VRN 30/06/2015 EMTN LU EUR 8,537 10,189 0.33
General Motors Financial 4.75% 15/08/2017 144A US USD 6,892 7,055 0.23
Renhe Commercial Holdings 13.00% 10/03/2016 Reg S KY USD 12,587 6,694 0.21
Ally Financial 7.00% (Perpetual) 144A US USD 7 6,303 0.20
Ford Motor Credit 4.25% 03/02/2017 US USD 5,759 6,146 0.20
Assicurazioni Generali 10.125% VRN 10/07/2042 EMTN IT EUR 4,082 5,974 0.19
Country Garden Holdings 11.25% 22/04/2017 Reg S KY USD 4,919 5,495 0.18
GMAC Capital Trust I 8.125% VRN 15/02/2040 US USD 207 5,418 0.17
CIT Group 5.50% 15/02/2019 144A US USD 4,832 5,182 0.17
Westpac Capital Trust III 5.819% VRN (Perpetual) Reg S US USD 5,066 5,127 0.16
Zhaikmunai 10.50% 19/10/2015 Reg S KZ USD 4,651 5,105 0.16
General Motors Financial 6.75% 01/06/2018 US USD 4,459 4,961 0.16
EP Energy 9.375% 01/05/2020 144A US USD 3,415 3,808 0.12
CBA Capital Trust II 6.024% VRN (Perpetual) Reg S US USD 3,702 3,790 0.12
Resona Pref’d GS 7.191% VRN (Perpetual) Reg S KY USD 3,166 3,471 0.11
Entertainment Properties 7.75% 15/07/2020 US USD 2,813 3,265 0.10
SLM 4.625% 25/09/2017 MTN US USD 2,893 2,972 0.09
Smurfit Kappa Acquisitions 4.875% 15/09/2018 144A IE USD 2,748 2,761 0.09
Icahn Enterprises Finance 8.00% 15/01/2018 US USD 2,506 2,705 0.09
Realogy 7.875% 15/02/2019 144A US USD 2,477 2,663 0.09
Calpine Construction Finance 8.00% 01/06/2016 144A US USD 2,436 2,608 0.08
Citigroup 5.95% VRN (Perpetual) US USD 2,520 2,598 0.08
Wind Acquisition Holdings Fin. 12.25% 15/07/2017 144A LU USD 2,869 2,456 0.08
Omega Healthcare Investors 5.875% 15/03/2024 US USD 2,283 2,443 0.08
Discover Financial Services 6.50% (Perpetual) US USD 92 2,329 0.07
Affiliated Managers Group 5.25% 15/10/2022 US USD 93 2,323 0.07
State Bank of India 7.14% VRN (Perpetual) IN USD 2,070 2,098 0.07
Annaly Capital Management 7.50% (Perpetual) US USD 82 2,088 0.07
Anstock Limited 4.25% 20/09/2016 Reg S KY CNY 13,151 2,070 0.07
National Capital Trust II 5.486% VRN (Perpetual) Reg S US USD 2,046 2,064 0.07
TransUnion 11.375% 15/06/2018 US USD 1,718 2,002 0.06
Offshore Group Investments 11.50% 01/08/2015 KY USD 1,735 1,904 0.06
Steel Capital (Severstal) 6.25% 26/07/2016 Reg S LU USD 1,570 1,655 0.05
SLM 3.875% 10/09/2015 MTN US USD 1,569 1,621 0.05
Ineos Finance 9.00% 15/05/2015 144A GB USD 1,457 1,570 0.05
Omega Healthcare Investors 6.75% 15/10/2022 US USD 1,433 1,565 0.05
BLD Investments 8.625% 23/03/2015 SG USD 2,338 1,461 0.05
UPCB Finance III 6.625% 01/07/2020 144A KY USD 1,246 1,336 0.04
CNH Capital 3.875% 01/11/2015 144A US USD 1,266 1,301 0.04
RBS Capital Trust III 5.512% VRN (Perpetual) US USD 1,865 1,296 0.04
EP Energy 6.875% 01/05/2019 144A US USD 1,097 1,190 0.04
Mapfre 5.921% VRN 24/07/2037 ES EUR 1,178 1,162 0.04
SLM 8.45% 15/06/2018 MTN US USD 963 1,144 0.04
Host Hotels & Resorts 4.75% 01/03/2023 US USD 1,042 1,110 0.04
CCO Holdings Capital 7.375% 01/06/2020 US USD 985 1,105 0.04
Societe Generale 5.922% VRN (Perpetual) Reg S FR USD 1,315 1,103 0.04
Phh 9.25% 01/03/2016 US USD 912 1,049 0.03