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

Fidelity
Funds
Global Strategic Bond Fund 4
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Securities Admitted to or Dealt on an Official Stock Exchange
Energy
Petrohawk Energy 7.25% 15/08/2018 US USD 791,867 902,720 0.28
Valero Energy 6.625% 15/06/2037 US USD 450,000 560,626 0.17
IPIC GMTN 5.875% 14/03/2021 Reg S KY EUR 300,000 457,378 0.14
Marathon Oil 2.80% 01/11/2022 US USD 400,000 402,711 0.12
Denbury Resources 8.25% 15/02/2020 US USD 137,655 155,895 0.05
Atlas Pipeline Lp/Fin Co 8.75% 15/06/2018 US USD 110,335 118,610 0.04
Energy Transfer Equity 7.50% 15/10/2020 US USD 68,694 78,312 0.02
Teekay 8.50% 15/01/2020 MH USD 66,704 70,893 0.02
Peabody Energy 6.50% 15/09/2020 US USD 51,537 55,317 0.02
Chesapeake Energy 6.775% 15/03/2019 US USD 52,533 53,109 0.02
Tesoro 5.375% 01/10/2022 US USD 47,168 49,291 0.02
Ship Finance International 8.50% 15/12/2013 BM USD 46,726 46,954 0.01
MOL Hungarian Oil & Gas 5.875% 20/04/2017 EMTN HU EUR 34,749 46,269 0.01
HollyFrontier 9.875% 15/06/2017 US USD 39,487 43,412 0.01
Afren 10.25% 08/04/2019 Reg S GB USD 36,328 41,880 0.01
Ferrellgas Partners 8.625% 15/06/2020 US USD 39,360 38,491 0.01
Petroleos de Venezuela 5.25% 12/04/2017 Reg S VE USD 46,852 37,262 0.01
Forest Oil Corporation 7.25% 15/06/2019 US USD 35,827 36,409 0.01
Newfield Exploration 6.875% 01/02/2020 US USD 29,327 31,746 0.01
Drill Rigs Holdings 6.50% 01/10/2017 Reg S MH USD 28,111 28,015 0.01
Frontier Oil 6.875% 15/11/2018 US USD 25,000 26,552 0.01
Pioneer Natural Resource 7.50% 15/01/2020 US USD 20,146 25,736 0.01
Pt Adaro Indonesia 7.625% 22/10/2019 Reg S ID USD 23,426 25,569 0.01
Alpha Natural Resources 6.00% 01/06/2019 US USD 27,355 24,159 0.01
Alpha Natural Resources 6.25% 01/06/2021 US USD 26,330 23,073 0.01
Drill Rigs Holdings 6.50% 01/10/2017 144A MH USD 22,731 22,731 0.01
Atwood Oceanics 6.50% 01/02/2020 US USD 18,741 20,287 0.01
Hornbeck Offshore Services 8.00% 01/09/2017 US USD 18,741 20,154 0.01
Tesoro 4.25% 01/10/2017 US USD 16,927 17,647 0.01
Pride International 6.875% 15/08/2020 US USD 13,425 17,310 0.01
Chesapeake Energy 9.50% 15/02/2015 US USD 13,504 15,133 0.00
MarkWest Energy 6.75% 01/11/2020 US USD 8,598 9,353 0.00
Berry Petroleum 6.75% 01/11/2020 US USD 7,572 8,102 0.00
Pioneer Natural Resource 6.65% 15/03/2017 US USD 6,310 7,509 0.00
Pride International 8.50% 15/06/2019 US USD 3,928 5,295 0.00
Chesapeake Energy 2.75% 15/11/2035 US USD 5,206 5,043 0.00
Energy Transfer Partners 9.00% 15/04/2019 US USD 1,975 2,595 0.00
Tennessee Gas Pipeline 8.00% 01/02/2016 US USD 1,215 1,464 0.00
Petromena 9.75% 24/05/2013 (Defaulted)* NO NOK 862 28 0.00
3,533,040 1.08
Utilities
First Hydro Finance 9.00% 31/07/2021 GB GBP 440,040 863,598 0.26
Edison Spa 3.875% 10/11/2017 EMTN IT EUR 550,000 763,677 0.23
EDP Finance 5.75% 21/09/2017 EMTN NL EUR 422,923 562,305 0.17
Fortum 2.25% 06/09/2022 EMTN FI EUR 400,000 511,308 0.16
Centrica 4.25% 12/09/2044 EMTN GB GBP 250,000 395,751 0.12
Alliander 2.875% 14/06/2024 EMTN NL EUR 200,000 267,649 0.08
Energy Future Intermediate Holding 10.00% 01/12/2020 US USD 228,043 258,977 0.08
Centrica 4.375% 13/03/2029 EMTN GB GBP 100,000 174,198 0.05
EDP Finance 4.75% 26/09/2016 EMTN NL EUR 129,123 167,297 0.05
Genon Americas Genr 8.50% 01/10/2021 US USD 115,460 126,718 0.04
Dwr Cymru Financing 6.907% 31/03/2021 KY GBP 50,000 104,869 0.03
GenOn Energy 7.625% 15/06/2014 US USD 89,906 96,087 0.03
AES 8.00% 15/10/2017 US USD 65,217 74,632 0.02
EDP Finance 8.625% 04/01/2024 EMTN NL GBP 36,723 62,249 0.02
Techem 6.125% 01/10/2019 Reg S DE EUR 43,724 59,859 0.02
Viridian Group FundCo II 1.125% 01/04/2017 Reg S KY EUR 39,487 53,141 0.02
Southern Water Greensand 8.50% 15/04/2019 GB GBP 29,615 49,873 0.02
Techem Energy Metering Serv. 7.875% 01/10/2020 Reg S DE EUR 34,354 47,315 0.01
NV Energy 6.25% 15/11/2020 US USD 34,880 41,673 0.01
AmeriGas Finance 7.00% 20/05/2022 US USD 29,753 32,356 0.01
GenOn Americas Generation 9.125% 01/05/2031 US USD 29,879 31,622 0.01
Intergen 8.50% 30/06/2017 Reg S NL EUR 25,667 31,462 0.01
EDP Finance 6.625% 09/08/2017 EMTN NL GBP 15,005 25,054 0.01
AES 7.75% 15/10/2015 US USD 18,931 21,392 0.01
EDP Finance 3.25% 16/03/2015 EMTN NL EUR 15,005 19,235 0.01
AmeriGas Finance 6.75% 20/05/2020 US USD 13,883 15,007 0.00
EDP Finance 4.90% 01/10/2019 144A NL USD 15,005 14,424 0.00
Intergen 9.50% 30/06/2017 Reg S NL GBP 7,897 11,975 0.00
EDP Finance 6.00% 02/02/2018 144A NL USD 11,056 11,343 0.00
EDP Finance 4.90% 01/10/2019 Reg S NL USD 11,056 10,637 0.00
CMS Energy 6.875% 15/12/2015 US USD 2,966 3,363 0.00
Edison Mission Energy 7.00% 15/05/2017 US USD 931 453 0.00
AES Drax Energy 11.25% 30/08/2010 (Defaulted)* KY GBP 5,923 0 0.00
TXU Europe Funding 7.00% 30/11/2005 (Defaulted)* GB EUR 5,923 0 0.00
4,909,499 1.50
Materials
Dow Chemical 4.125% 15/11/2021 US USD 1,200,000 1,313,006 0.40
252
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Freeport-McMoRan Copper & Gold 3.55% 01/03/2022 US USD 760,000 775,004 0.24
Sovereign Housing Capital 4.768% 01/06/2043 EMTN GB GBP 300,000 538,596 0.16
AngloGold Holdings 5.375% 15/04/2020 GB USD 500,000 522,845 0.16
Arkema 3.85% 30/04/2020 FR EUR 300,000 419,229 0.13
Lafarge 10.00% 30/05/2017 EMTN FR GBP 152,918 294,458 0.09
HeidelbergCement Finance 8.00% 31/01/2017 NL EUR 176,943 267,312 0.08
Akzo Nobel Sweden Finance 2.625% 27/07/2022 EMTN SE EUR 150,000 192,839 0.06
Cabot Financial (Luxembourg) 10.375% 01/10/2019 Reg S LU GBP 109,956 186,455 0.06
ALROSA Finance 7.75% 03/11/2020 Reg S LU USD 111,771 127,981 0.04
Ardagh Packaging Finance 7.375% 15/10/2017 Reg S IE EUR 83,318 115,428 0.04
Steel Capital (Severstal) 9.75% 29/07/2013 Reg S LU USD 100,000 106,006 0.03
Ard Finance 11.125% 01/06/2018 Reg S LU EUR 79,427 105,621 0.03
Orion Engineered Carbons 10.00% 15/06/2018 Reg S DE EUR 70,175 99,138 0.03
Metinvest 8.75% 14/02/2018 Reg S NL USD 82,134 79,584 0.02
Rexam 6.75% VRN 29/06/2067 GB EUR 51,728 69,496 0.02
HeidelbergCement Fin Lux 9.50% 15/12/2018 EMTN LU EUR 42,167 67,294 0.02
Lafarge 8.875% 24/11/2016 EMTN FR EUR 43,041 66,653 0.02
Crown European Holdings 7.125% 15/08/2018 Reg S FR EUR 46,852 66,382 0.02
Cemex 9.00% 11/01/2018 Reg S MX USD 60,907 63,515 0.02
LyondellBasell Industries (A) NL USD 1,072 56,785 0.02
OI European Group 6.875% 31/03/2017 Reg S NL EUR 41,857 56,152 0.02
Evraz Group 6.75% 27/04/2018 Reg S LU USD 54,887 55,373 0.02
Rockwood Specialties Gro 4.625% 15/10/2020 US USD 51,003 52,788 0.02
Cemex 5.470% FRN 30/09/2015 144A MX USD 52,470 51,292 0.02
Ardagh (USA) 7.375% 15/10/2017 Reg S IE EUR 35,539 49,166 0.02
Lecta 8.875% 15/05/2019 Reg S LU EUR 33,959 45,239 0.01
Cemex Finance 9.375% 12/10/2022 Reg S US USD 39,487 41,390 0.01
Norske Skogindustrier 7.00% 26/06/2017 NO EUR 41,857 40,456 0.01
First Quantum Minerals 7.25% 15/10/2019 Reg S CA USD 37,513 38,580 0.01
Orion Engineered Carbons 9.625% 15/06/2018 144A DE USD 24,187 26,364 0.01
Hidili Industry Int’l Development 1.50% 19/01/2015 KY CNY 150,841 24,420 0.01
Metinvest 10.25% 20/05/2015 Reg S NL USD 22,508 23,196 0.01
HeidelbergCement Fin Lux 7.50% 03/04/2020 LU EUR 15,005 22,247 0.01
Kerling 10.625% 01/02/2017 Reg S GB EUR 16,237 19,577 0.01
Mongolian Mining 8.875% 29/03/2017 Reg S KY USD 18,741 19,253 0.01
Vedanta Resources Jersey 4.00% 30/03/2017 GB USD 18,741 18,628 0.01
AngloGold Holdings 3.50% 22/05/2014 Reg S GB USD 16,585 17,331 0.01
Graphic Packaging International 7.875% 01/10/2018 US USD 11,958 13,273 0.00
Owens-Illinois 7.80% 15/05/2018 US USD 3,313 3,818 0.00
Chesapeake 10.375% 15/11/2011 (Defaulted)* US GBP 2,575 0 0.00
Teksid Aluminum 11.375% 15/07/2011 Reg S (Defaulted)* LU EUR 31,740 0 0.00
6,152,170 1.88
Industrials
RZD Capital 7.487% 25/03/2031 Reg S IE GBP 886,328 1,712,950 0.52
Deutsche Bahn Finance 2.75% 20/06/2022 EMTN NL GBP 700,000 1,160,394 0.35
Great Rolling Stock 6.25% 27/07/2020 EMTN GB GBP 350,000 674,598 0.21
SP Manweb 4.875% 20/09/2027 EMTN GB GBP 375,000 624,411 0.19
Aspire Defence Finance (A) 4.674% 31/03/2040 GB GBP 300,000 508,575 0.16
PSA International 4.625% 11/09/2019 SG USD 400,000 458,305 0.14
Eversholt Funding 5.831% 02/12/2020 EMTN GB GBP 200,000 378,572 0.12
HIT Finance 5.75% 09/03/2018 NL EUR 200,000 280,897 0.09
Glencore Finance Europe 4.125% 03/04/2018 LU EUR 200,000 277,422 0.08
Fedex 2.625% 01/08/2022 US USD 250,000 252,571 0.08
Fiat Industrial Finance Europe 6.25% 09/03/2018 EMTN LU EUR 140,468 194,645 0.06
International Lease Finance 8.625% 15/01/2022 US USD 129,644 156,099 0.05
Rexel 7.00% 17/12/2018 FR EUR 87,342 124,070 0.04
Schaeffler Finance 8.75% 15/02/2019 Reg S NL EUR 74,236 108,813 0.03
Heathrow Funding 6.75% 03/12/2026 EMTN GB GBP 50,000 105,902 0.03
International Lease Finance 5.75% 15/05/2016 US USD 94,385 100,173 0.03
International Lease Finance 5.875% 01/04/2019 US USD 91,026 96,715 0.03
REFER - Rede Ferroviaria 5.875% 18/02/2019 EMTN PT EUR 83,713 93,717 0.03
Wienerberger 6.50% VRN (Perpetual) AT EUR 93,806 91,870 0.03
International Lease Finance 6.25% 15/05/2019 US USD 80,377 86,187 0.03
International Lease Finance 5.875% 15/08/2022 US USD 74,963 77,804 0.02
Zinc Capital 8.875% 15/05/2018 Reg S LU EUR 54,919 71,555 0.02
Brunswick Rail Finance 6.50% 01/11/2017 Reg S IE USD 54,279 55,144 0.02
Meritor 8.125% 15/09/2015 US USD 49,466 49,590 0.02
REFER - Rede Ferroviaria 4.25% 13/12/2021 PT EUR 53,703 44,611 0.01
Grohe Holding 8.75% FRN 15/12/2017 Reg S DE EUR 32,796 43,505 0.01
Rede Ferroviaria Nacional 4.00% 16/03/2015 PT EUR 32,796 38,322 0.01
Wendel 4.875% 26/05/2016 FR EUR 27,641 37,289 0.01
Schaeffler Finance 7.75% 15/02/2017 Reg S NL EUR 24,877 35,627 0.01
International Lease Finance 4.875% 01/04/2015 US USD 30,621 31,779 0.01
Covanta Holding 7.25% 01/12/2020 US USD 23,427 26,105 0.01
China Liansu Group Holdings 7.875% 13/05/2016 Reg S KY USD 23,426 23,940 0.01
China Automation Group 7.75% 20/04/2016 KY USD 25,769 22,612 0.01
International Lease Finance 8.25% 15/12/2020 US USD 14,924 17,752 0.01
International Lease Finance 5.875% 01/05/2013 US USD 16,422 16,810 0.01
Obrascon Huarte Lain 7.625% 15/03/2020 Reg S ES EUR 11,846 15,359 0.00
Anixter 5.625% 01/05/2019 US USD 13,804 14,535 0.00
REFER - Rede Ferroviaria 4.047% 16/11/2026 PT EUR 15,795 14,009 0.00
Briggs & Stratton 6.875% 15/12/2020 US USD 11,138 12,335 0.00
Corrections Corp of America 7.75% 01/06/2017 US USD 10,996 11,793 0.00
*Security with price determined by the Directors.
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.