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

Fidelity
Funds
Global Strategic Bond Fund 4 - continued
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Eileme 2 AB 11.625% 31/01/2020 144A SE USD 54,141 61,078 0.02
Qwest 6.75% 01/12/2021 US USD 50,000 59,162 0.02
Verizon Communications 4.75% 01/11/2041 US USD 50,000 58,551 0.02
VimpelCom Holdings 6.255% 01/03/2017 Reg S NL USD 52,913 55,479 0.02
MTS Internation Funding 8.625% 22/06/2020 Reg S IE USD 43,223 53,528 0.02
Portugal Telecom Int’l Finance 4.50% 16/06/2025 EMTN NL EUR 46,437 52,030 0.02
Eileme 1 AB 14.25% 15/08/2020 144A SE USD 40,293 42,509 0.01
Nextel Communications 7.375% 01/08/2015 US USD 42,052 42,170 0.01
Telenet Finance V 6.75% 15/08/2024 Reg S LU EUR 30,010 40,368 0.01
Crown Castle International 7.125% 01/11/2019 US USD 34,706 38,177 0.01
MTS Internation Funding 8.625% 22/06/2020 144A IE USD 29,931 37,121 0.01
Portugal Telecom Int’l Finance 5.00% 04/11/2019 EMTN NL EUR 29,615 37,015 0.01
Matterhorn Mobile 5.421% FRN 15/05/2019 Reg S LU CHF 30,800 33,589 0.01
VIP Finance (VimpelCom) 6.493% 02/02/2016 Reg S IE USD 30,010 32,093 0.01
Sprint Capital 6.875% 15/11/2028 US USD 29,027 29,765 0.01
Sunrise Communications I 7.00% 31/12/2017 CHF Reg S LU CHF 23,692 27,401 0.01
Telenet Finance V 6.25% 15/08/2022 Reg S LU EUR 19,744 26,491 0.01
Nextel Communications 5.95% 15/03/2014 US USD 21,171 21,230 0.01
CenturyLink 6.45% 15/06/2021 US USD 18,741 20,540 0.01
CenturyLink 5.80% 15/03/2022 US USD 18,741 19,686 0.01
Portugal Telecom Int’l Finance 5.625% 08/02/2016 EMTN NL EUR 11,056 14,801 0.00
Sunrise Communications I 7.00% 31/12/2017 EUR Reg S LU EUR 8,687 12,133 0.00
MetroPCS Wireless 7.875% 01/09/2018 US USD 9,370 10,261 0.00
OTE 7.25% 12/02/2015 EMTN GB EUR 7,897 9,012 0.00
Sprint Capital 8.75% 15/03/2032 US USD 6,563 7,777 0.00
Crown Castle International 9.00% 15/01/2015 US USD 4,370 4,687 0.00
KPNQwest 7.125% 01/06/2009 (Defaulted)* NL EUR 7,305 0 0.00
5,720,883 1.75
Financials
Eksportfinans 2.00% 15/09/2015 NO USD 1,940,496 1,853,683 0.57
Bankia 5.75% 29/06/2016 EMTN ES EUR 1,400,000 1,760,161 0.54
Bank of America 1.50% 09/10/2015 US USD 1,200,000 1,201,284 0.37
Santander International Debt 4.625% 21/03/2016 EMTN ES EUR 900,000 1,193,539 0.36
Abbey National Treasury Serv. 5.25% 16/02/2029 EMTN GB GBP 500,000 967,422 0.30
UBS London 3.125% 18/01/2016 EMTN CH EUR 700,000 965,333 0.30
RBS 5.125% 13/01/2024 GB GBP 500,000 961,550 0.29
American International Group 6.765% 15/11/2017 US GBP 500,000 947,552 0.29
Lloyds TSB Bank 10.75% VRN 16/12/2021 EMTN GB GBP 500,000 934,651 0.29
Lloyds TSB Bank 7.625% 22/04/2025 EMTN GB GBP 533,106 924,546 0.28
Barclays Bank 4.25% 12/01/2022 EMTN GB GBP 500,000 907,783 0.28
UBS Stamford 7.625% 17/08/2022 CH USD 785,197 846,982 0.26
Sumitomo Mitsui Banking 4.85% 01/03/2022 JP USD 700,000 791,525 0.24
Credit Suisse London 4.75% 05/08/2019 EMTN CH EUR 500,000 760,466 0.23
JPMorgan Chase & Co 2.00% 15/08/2017 US USD 750,000 759,202 0.23
Co-Operative Bank (UK) 2.375% 23/10/2015 EMTN GB EUR 550,000 711,269 0.22
SB Capital (SberBank of Russia) 5.125% 29/10/2022 Reg S LU USD 700,000 704,071 0.22
Wells Fargo & Co 2.625% 16/08/2022 EMTN US EUR 500,000 659,371 0.20
ING Verzekeringen 2.088% VRN 21/06/2021 NL EUR 518,462 655,238 0.20
Morgan Stanley 3.75% 21/09/2017 EMTN US EUR 450,000 606,493 0.19
Citigroup 3.625% VRN 30/11/2017 EMTN US EUR 500,000 604,467 0.18
BP Capital Markets 3.83% 06/10/2017 EMTN GB EUR 400,000 582,187 0.18
Abbey National Treasury Serv. 5.125% 14/04/2021 EMTN GB GBP 300,000 566,697 0.17
BBVA US Senior Uniper 4.664% 09/10/2015 ES USD 550,000 555,383 0.17
American Tower 4.70% 15/03/2022 US USD 500,000 551,896 0.17
BNP Paribas 2.50% 23/08/2019 EMTN FR EUR 400,000 525,798 0.16
John Deere Capital 2.80% 27/01/2023 US USD 500,000 519,896 0.16
Westfield UK & Europe Fin. 4.25% 11/07/2022 EMTN GB GBP 300,000 507,411 0.16
UniCredit 6.95% 31/10/2022 Reg S IT EUR 359,466 469,798 0.14
JPMorgan Chase & Co 2.75% 24/08/2022 EMTN US EUR 350,000 462,039 0.14
Mondi Finance 3.375% 28/09/2020 EMTN GB EUR 350,000 459,390 0.14
General Electric Capital 4.65% 17/10/2021 MTN US USD 400,000 453,889 0.14
International Lease Finance 6.375% 25/03/2013 US USD 410,934 419,492 0.13
Intesa Sanpaolo 4.875% 10/07/2015 EMTN IT EUR 300,000 404,120 0.12
Bank of Ireland 4.00% 28/01/2015 EMTN IE EUR 300,000 391,119 0.12
JPMorgan Chase Bank 0.87% VRN 31/05/2017 US EUR 300,000 372,974 0.11
Banco Do Brasil (Cayman) 3.875% 10/10/2022 BR USD 350,000 349,803 0.11
Citigroup 4.25% VRN 25/02/2030 EMTN US EUR 300,000 333,206 0.10
Ford Motor Credit 3.875% 15/01/2015 US USD 293,901 306,040 0.09
Unitymedia Hessen 8.125% 01/12/2017 Reg S DE EUR 167,702 235,008 0.07
Santander Issuances 7.30% VRN 27/07/2019 ES GBP 141,249 219,657 0.07
Direct Line Insurance Group 9.25% VRN 27/04/2042 GB GBP 117,769 211,049 0.06
European Investment Bank 1.75% 15/03/2017 99 USD 200,000 207,650 0.06
Eurasian Development Bank 4.767% 20/09/2022 Reg S 99 USD 200,000 205,396 0.06
ABN Amro Bank 4.31% VRN (Perpetual) NL EUR 196,757 192,166 0.06
Crown Newco 3 7.00% 15/02/2018 Reg S GB GBP 109,562 187,956 0.06
Svenska Handelsbanken 5.50% 26/05/2016 SE GBP 100,000 183,562 0.06
Gatwick Funding Limited 5.75% 23/01/2037 EMTN GB GBP 100,000 179,530 0.05
JPMorgan Structured Prod 4.889% FRN 18/02/2014 EMTN NL USD 190,191 177,001 0.05
GE Capital UK Funding 4.375% 31/07/2019 EMTN IE GBP 100,000 175,567 0.05
Westpac Banking 4.875% 19/11/2019 AU USD 150,000 173,840 0.05
Ally Financial 7.50% 15/09/2020 US USD 142,344 168,058 0.05
Citigroup 4.50% 14/01/2022 US USD 150,000 166,130 0.05
Wind Acquisition Holdings Fin. 12.25% 15/07/2017 Reg S LU EUR 147,268 163,496 0.05
HBOS 4.50% VRN 18/03/2030 EMTN GB EUR 154,287 158,278 0.05
Ally Financial 8.00% 01/11/2031 (Unsecured) US USD 123,587 147,329 0.05
Fortis Bank 4.625% VRN (Perpetual) Reg S BE EUR 134,257 145,003 0.04
Smurfit Kappa Acquisitions 7.75% 15/11/2019 Reg S IE EUR 95,164 136,445 0.04
Eksportfinans 2.375% 25/05/2016 NO USD 136,723 129,557 0.04
254
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Assicurazioni Generali 6.269% VRN (Perpetual) IT GBP 107,982 120,968 0.04
Alfa Bank (Alfa Bond) 7.875% 25/09/2017 Reg S IE USD 104,246 114,279 0.03
Lloyds TSB Bank 6.35% VRN (Perpetual) GB EUR 107,128 111,863 0.03
Lloyds TSB Bank 13.00% VRN (Perpetual) EMTN GB GBP 52,234 110,784 0.03
National Westminster Bank 6.50% 07/09/2021 GB GBP 65,795 107,070 0.03
National Agricultural 5.00% 30/09/2014 Reg S KR USD 100,000 106,738 0.03
TMD Friction Finance 10.75% 15/05/2017 Reg S LU EUR 71,867 106,272 0.03
Severn Trent Water Utilities Fin. 6.25% 07/06/2029 GB GBP 50,000 104,635 0.03
Smurfit Kappa Acquisitions 7.25% 15/11/2017 Reg S IE EUR 74,236 103,329 0.03
International Lease Finance 5.625% 20/09/2013 MTN US USD 98,693 101,882 0.03
CIT Group 5.375% 15/05/2020 US USD 93,312 100,918 0.03
Credit Agricole 8.125% VRN (Perpetual) FR GBP 66,734 100,327 0.03
International Personal Finance 11.50% 06/08/2015 EMTN GB EUR 67,918 99,607 0.03
Porterbrook Rail Finance 6.50% 20/10/2020 EMTN GB GBP 50,000 98,306 0.03
Ardagh Glass Finance 7.125% 15/06/2017 Reg S IE EUR 74,631 97,674 0.03
Imperial Tobacco Finance 6.25% 04/12/2018 EMTN GB GBP 50,000 96,798 0.03
RBS Group 5.50% (Perpetual) GB EUR 104,246 94,395 0.03
Societe Generale 7.756% VRN (Perpetual) FR EUR 82,134 93,827 0.03
Aviva 6.125% VRN (Perpetual) GB GBP 65,795 92,015 0.03
Elli Finance (UK) 8.75% 15/06/2019 Reg S GB GBP 49,359 88,060 0.03
OTP Bank 5.875% VRN (Perpetual) HU EUR 101,632 87,668 0.03
BPCE 6.117% VRN (Perpetual) EMTN FR EUR 85,474 84,318 0.03
BFCM 4.471% VRN (Perpetual) EMTN FR EUR 75,026 82,985 0.03
Ally Financial 4.625% 26/06/2015 US USD 79,666 82,708 0.03
UBS Jersey Branch 4.28% VRN (Perpetual) CH EUR 68,708 82,542 0.03
Barclays Bank 14.00% VRN (Perpetual) GB GBP 39,092 81,427 0.02
Ford Motor Credit 5.875% 02/08/2021 US USD 70,344 81,092 0.02
Boparan Finance 9.75% 30/04/2018 Reg S GB EUR 56,072 80,420 0.02
UPCB Finance 7.625% 15/01/2020 Reg S KY EUR 56,862 80,357 0.02
BAT Int’l Finance 8.125% 15/11/2013 Reg S GB USD 75,000 80,209 0.02
ORIX 4.71% 27/04/2015 JP USD 75,000 79,918 0.02
RL Finance Bonds 6.125% VRN (Perpetual) EMTN GB GBP 60,021 78,034 0.02
Ally Financial 8.00% 15/03/2020 US USD 63,197 75,836 0.02
Numericable Finance 12.375% 15/02/2019 Reg S LU EUR 50,224 75,349 0.02
Linde Finance 3.875% 01/06/2021 EMTN NL EUR 50,000 74,647 0.02
RSF (Russian Standard Bank) 9.25% 11/07/2017 Reg S LU USD 71,259 73,772 0.02
Unitymedia Hessen 8.125% 01/12/2017 144A DE USD 67,642 73,138 0.02
Gazprombank 8.617% 15/12/2015 Reg S IE RUB 2,234,980 71,821 0.02
Ford Motor Credit 2.75% 15/05/2015 US USD 69,902 71,431 0.02
Societe Generale 6.999% VRN (Perpetual) FR EUR 61,995 70,389 0.02
Bank of America 5.125% 26/09/2014 EMTN US EUR 50,000 69,473 0.02
Ally Financial 4.50% 11/02/2014 US USD 67,047 69,076 0.02
Transregional (Transcapitalbank) 7.74% VRN 18/07/2017 IE USD 77,395 68,932 0.02
Barclays Bank 4.875% VRN (Perpetual) EMTN GB EUR 77,865 68,694 0.02
CIT Group 5.25% 15/03/2018 US USD 62,282 66,370 0.02
Renaissance Cons. (Ren. Cap.) 13.00% 01/04/2013 Reg S IE USD 64,759 65,650 0.02
Ally Financial 5.50% 15/02/2017 US USD 61,667 65,552 0.02
RBS Capital Trust (C) 4.243% VRN (Perpetual) US EUR 78,367 65,294 0.02
RBS 9.50% VRN 16/03/2022 EMTN GB USD 56,755 65,209 0.02
Boparan Finance 9.875% 30/04/2018 Reg S GB GBP 36,745 65,011 0.02
RBS 9.50% VRN (Perpetual) GB GBP 37,513 63,233 0.02
CIT Group 4.25% 15/08/2017 US USD 60,373 62,368 0.02
Ageas Hybrid Financing 5.125% VRN (Perpetual) LU EUR 63,180 58,494 0.02
Credit Agricole 7.875% VRN (Perpetual) FR EUR 46,595 58,457 0.02
UPCB Finance II 6.375% 01/07/2020 Reg S KY EUR 43,357 58,306 0.02
BNP Paribas 5.945% VRN (Perpetual) FR GBP 48,174 57,436 0.02
Marsh & McLennan 4.80% 15/07/2021 US USD 50,000 57,080 0.02
Societe Generale 4.196% VRN (Perpetual) FR EUR 60,810 56,917 0.02
International Lease Finance 5.25% 10/01/2013 MTN US USD 55,152 55,563 0.02
Ford Motor Credit 7.00% 15/04/2015 US USD 49,583 55,407 0.02
RBS Group 7.092% VRN (Perpetual) GB EUR 53,703 55,109 0.02
Senior Housing Property Trust 6.75% 15/04/2020 US USD 47,327 53,645 0.02
Ventas Realty 4.25% 01/03/2022 US USD 50,000 53,598 0.02
Toronto-Dominion Bank 2.375% 19/10/2016 CA USD 50,000 52,627 0.02
ATF Capital 10.00% VRN (Perpetual) NL USD 63,851 52,039 0.02
Kuznetski Cap. (Bank of Moscow) 6.02% VRN 10/05/2017 LU USD 50,741 51,249 0.02
Bank of Scotland CF 6.059% VRN (Perpetual) Reg S GB GBP 39,487 51,044 0.02
International Lease Finance 6.625% 15/11/2013 MTN US USD 48,529 50,584 0.02
CIT Group 5.00% 15/08/2022 US USD 48,005 49,926 0.02
RSHB (Russian Agri. Bank) 8.70% 17/03/2016 EMTN LU RUB 1,461,029 48,219 0.01
Eurasia Capital (HCFB) 9.375% 24/04/2020 Reg S LU USD 46,200 47,466 0.01
Crown Newco 3 8.875% 15/02/2019 Reg S GB GBP 28,549 46,790 0.01
UniCredit 6.375% VRN 16/10/2018 EMTN IT GBP 31,878 45,319 0.01
Country Garden Holdings 2.50% 22/02/2013 KY CNY 232,975 45,024 0.01
Intesa Sanpaolo 5.25% 28/01/2022 EMTN IT GBP 28,826 44,599 0.01
HSBC Bank Funding Sterling 5.844% VRN (Perpetual) GB GBP 30,405 44,192 0.01
Alfa Bank (Alfa Bond) 7.75% 28/04/2021 Reg S IE USD 40,277 44,061 0.01
BBVA Sub Capital Unipers 5.75% VRN 11/03/2018 EMTN ES GBP 29,615 42,944 0.01
British Insurance Holdings 6.625% VRN 09/12/2030 NL GBP 39,487 42,204 0.01
Investec Bank 9.625% 17/02/2022 EMTN GB GBP 23,692 41,201 0.01
Unitymedia Kabel Bw 9.625% 01/12/2019 Reg S DE EUR 28,111 40,733 0.01
RSF (Russian Standard Bank) 10.75% 10/04/2018 144A LU USD 39,487 40,573 0.01
HBOS 4.875% 20/03/2015 EMTN GB EUR 30,010 39,672 0.01
Eksportfinans 5.50% 25/05/2016 NO USD 37,513 39,058 0.01
Natixis 6.307% VRN (Perpetual) FR EUR 39,487 37,877 0.01
Aviva 4.729% VRN (Perpetual) GB EUR 31,590 37,788 0.01
Argon Capital (RBS) 8.162% VRN (Perpetual) EMTN IE GBP 39,685 36,488 0.01
Alfa Bank (Alfa Bond) 6.30% VRN 22/02/2017 IE USD 36,391 36,240 0.01
Smurfit Kappa Acquisitions 5.125% 15/09/2018 Reg S IE EUR 26,456 35,339 0.01
Bank of Scotland CF 7.754% VRN (Perpetual) Reg S GB GBP 25,272 35,338 0.01