Semi-Annual Report and Accounts - chartbook.fid-intl.com
Semi-Annual Report and Accounts - chartbook.fid-intl.com
Semi-Annual Report and Accounts - chartbook.fid-intl.com
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Fidelity<br />
Funds<br />
Sterling Bond Fund<br />
Schedule of Investments as at 31 October 2012<br />
Country Ccy Shares or Market % Net<br />
Code Nominal Value Assets<br />
GBP<br />
Securities Admitted to or Dealt on an Official Stock Exchange<br />
Energy<br />
Northern Gas Networks 5.625% 23/03/2040 EMTN GB GBP 550,000 641,097 0.24<br />
Statoil 6.875% 11/03/2031 EMTN NO GBP 250,000 361,638 0.14<br />
Gaz Capital (Gazprom) 8.146% 11/04/2018 Reg S LU USD 400,000 303,953 0.12<br />
1,306,688 0.50<br />
Utilities<br />
South East Water Finance 5.583% 29/03/2029 GB GBP 1,000,000 1,164,082 0.44<br />
Electricite de France 5.50% 17/10/2041 EMTN FR GBP 1,000,000 1,127,423 0.43<br />
Centrica 7.00% 19/09/2018 EMTN GB GBP 800,000 1,010,514 0.39<br />
Centrica 6.40% 04/09/2026 EMTN GB GBP 500,000 651,528 0.25<br />
National Grid Gas 6.375% 03/03/2020 EMTN GB GBP 500,000 625,210 0.24<br />
GHQB 12.625% 13/03/2015 KY GBP 500,000 622,500 0.24<br />
Wales & West Utilities Fin. 6.25% 30/11/2021 GB GBP 500,000 621,882 0.24<br />
Southern Water Servicied Fin. 6.125% 31/03/2019 EMTN GB GBP 500,000 588,858 0.22<br />
Southern Gas Network 4.875% 05/10/2023 EMTN GB GBP 500,000 570,294 0.22<br />
Iberdrola Finanzas 7.375% 29/01/2024 EMTN ES GBP 500,000 557,731 0.21<br />
South East Water Finance 5.658% 30/09/2019 KY GBP 450,000 525,692 0.20<br />
Electricite de France 5.125% 22/09/2050 EMTN FR GBP 500,000 521,978 0.20<br />
South Eastern Power Networks 6.375% 12/11/2031 EMTN GB GBP 400,000 507,617 0.19<br />
Eastern Power Networks 4.75% 30/09/2021 EMTN GB GBP 450,000 504,143 0.19<br />
Thames Water Utilities Cayman 7.241% 09/04/2058 EMTN KY GBP 400,000 493,188 0.19<br />
Centrica 4.25% 12/09/2044 EMTN GB GBP 500,000 490,687 0.19<br />
RWE Finance 6.50% 20/04/2021 EMTN NL GBP 375,000 470,037 0.18<br />
Dwr Cymru Financing 6.907% 31/03/2021 KY GBP 352,000 457,689 0.17<br />
Enel Finance International 5.625% 14/08/2024 EMTN NL GBP 450,000 445,579 0.17<br />
Snam 5.25% 19/09/2022 EMTN IT EUR 500,000 437,692 0.17<br />
RWE Finance 6.375% 03/06/2013 EMTN NL GBP 400,000 411,668 0.16<br />
Wales & West Utilities Fin. 4.625% 13/12/2023 EMTN GB GBP 350,000 392,248 0.15<br />
EDP Finance 5.75% 21/09/2017 EMTN NL EUR 450,000 370,916 0.14<br />
Wales & West Utilities Fin. 5.00% 07/03/2028 EMTN GB GBP 300,000 341,563 0.13<br />
Dwr Cymru Financing 6.015% 31/03/2028 KY GBP 250,000 319,253 0.12<br />
Electricite de France 6.25% 30/05/2028 EMTN FR GBP 250,000 313,017 0.12<br />
Scottish Power UK 6.75% 29/05/2023 EMTN GB GBP 250,000 310,019 0.12<br />
Scottish Power UK 8.375% 20/02/2017 GB GBP 250,000 304,112 0.12<br />
Western Power Distribution S. Wales 5.75% 23/03/2040 GB GBP 250,000 295,499 0.11<br />
Snam 3.875% 19/03/2018 EMTN IT EUR 350,000 294,095 0.11<br />
Southern Water Servicied Fin. 5.00% 31/03/2021 EMTN GB GBP 250,000 277,068 0.11<br />
Enel Finance International 5.75% 24/10/2018 NL EUR 300,000 269,056 0.10<br />
Electricite de France 4.00% 12/11/2025 EMTN FR EUR 300,000 260,113 0.10<br />
Gas Natural Capital Markets 6.00% 27/01/2020 EMTN ES EUR 300,000 259,155 0.10<br />
Southern Gas Network 6.375% 15/05/2040 EMTN GB GBP 200,000 257,600 0.10<br />
Centrica 6.375% 10/03/2022 EMTN GB GBP 200,000 254,487 0.10<br />
Yorkshire Water Services 6.454% 28/05/2027 KY GBP 190,000 246,654 0.09<br />
Western Power Distribution S. West 5.75% 23/03/2040 GB GBP 200,000 236,342 0.09<br />
Electricite de France 4.50% 12/11/2040 EMTN FR EUR 250,000 220,216 0.08<br />
National Grid Electricity 7.375% 13/01/2031 EMTN GB GBP 150,000 214,726 0.08<br />
United Utilities Water 5.375% 14/05/2018 EMTN GB GBP 150,000 173,647 0.07<br />
Iberdrola Finanzas 4.75% 25/01/2016 EMTN ES EUR 200,000 171,287 0.07<br />
Electricity North West 8.875% 25/03/2026 GB GBP 100,000 153,037 0.06<br />
Yorkshire Water Services 6.375% 19/08/2039 KY GBP 100,000 134,625 0.05<br />
Northern Powergrid Yorks 9.25% 17/01/2020 GB GBP 50,000 69,978 0.03<br />
TXU Europe Funding 7.00% 30/11/2005 (Defaulted)* GB EUR 600,000 5 0.00<br />
18,944,710 7.22<br />
Materials<br />
AngloGold Holdings 3.50% 22/05/2014 Reg S GB USD 500,000 323,921 0.12<br />
Lafarge 10.00% 30/05/2017 EMTN FR GBP 200,000 238,752 0.09<br />
562,673 0.21<br />
Industrials<br />
Great Rolling Stock 6.875% 27/07/2035 EMTN GB GBP 2,400,000 2,979,921 1.14<br />
Great Rolling Stock 6.25% 27/07/2020 EMTN GB GBP 1,600,000 1,911,829 0.73<br />
Heathrow Funding 6.75% 03/12/2026 EMTN GB GBP 1,100,000 1,444,372 0.55<br />
SP Manweb 4.875% 20/09/2027 EMTN GB GBP 1,325,000 1,367,752 0.52<br />
RZD Capital 7.487% 25/03/2031 Reg S IE GBP 1,000,000 1,198,125 0.46<br />
Aspire Defence Finance (A) 4.674% 31/03/2040 GB GBP 800,000 840,768 0.32<br />
Aspire Defence Finance (B) 4.674% 31/03/2040 GB GBP 590,000 620,796 0.24<br />
Siemens Financieringsmaat. 6.125% VRN 14/09/2066 NL GBP 500,000 547,070 0.21<br />
Nats En Route 5.25% 31/03/2026 GB GBP 276,271 324,285 0.12<br />
General Electric 4.125% 09/10/2042 US USD 350,000 225,754 0.09<br />
Heathrow Funding 5.875% 13/05/2041 EMTN GB GBP 100,000 117,603 0.04<br />
11,578,275 4.41<br />
Information Technology<br />
SPI Australia Assets 5.125% 11/02/2021 EMTN AU GBP 500,000 569,183 0.22<br />
569,183 0.22<br />
269<br />
Country Ccy Shares or Market % Net<br />
Code Nominal Value Assets<br />
GBP<br />
Consumer Discretionary<br />
Juturna Euro Loan Condui 5.064% 10/08/2033 Reg S GB GBP 1,071,344 1,180,671 0.45<br />
CPUK Finance 4.811% 28/02/2017 EMTN GB GBP 1,000,000 1,064,547 0.41<br />
Comcast 5.50% 23/11/2029 US GBP 550,000 663,562 0.25<br />
Marks & Spencer 7.125% 01/12/2037 144A GB USD 800,000 551,670 0.21<br />
Enterprise Inns 6.50% 06/12/2018 GB GBP 500,000 448,018 0.17<br />
Eutelsat 5.00% 14/01/2019 FR EUR 300,000 281,841 0.11<br />
Mitchells & Butlers Finance 5.574% 15/12/2028 GB GBP 246,740 271,217 0.10<br />
Enterprise Inns 6.375% 26/09/2031 GB GBP 100,000 74,100 0.03<br />
4,535,626 1.73<br />
Consumer Staples<br />
Mondelez International 7.25% 18/07/2018 EMTN US GBP 1,550,000 1,948,574 0.74<br />
Anheuser-Busch InBev 6.50% 23/06/2017 EMTN BE GBP 650,000 787,704 0.30<br />
Anheuser-Busch InBev 9.75% 30/07/2024 EMTN BE GBP 450,000 726,857 0.28<br />
Tesco 6.125% 24/02/2022 EMTN GB GBP 500,000 607,462 0.23<br />
British Sugar 10.75% 02/07/2013 GB GBP 400,000 417,480 0.16<br />
Altria Group 10.20% 06/02/2039 US USD 250,000 270,510 0.10<br />
4,758,587 1.81<br />
Tele<strong>com</strong>munication Services<br />
Vodafone Group 5.375% 05/12/2017 EMTN GB GBP 1,150,000 1,348,785 0.51<br />
Deutsche Telekom Int’l Finance 6.50% 08/04/2022 EMTN NL GBP 850,000 1,071,507 0.41<br />
TDC 5.625% 23/02/2023 Reg S DK GBP 600,000 710,329 0.27<br />
Tele<strong>com</strong> Italia 7.375% 15/12/2017 EMTN IT GBP 450,000 503,241 0.19<br />
British Tele<strong>com</strong> 6.625% 23/06/2017 EMTN GB GBP 400,000 478,455 0.18<br />
America Movil 4.375% 07/08/2041 MX GBP 300,000 297,060 0.11<br />
Deutsche Telekom Int’l Finance 7.375% 04/12/2019 EMTN NL GBP 200,000 260,246 0.10<br />
KPN 5.75% 17/09/2029 NL GBP 200,000 227,787 0.09<br />
Telefonica Emisiones 5.597% 12/03/2020 EMTN ES GBP 200,000 203,315 0.08<br />
5,100,725 1.94<br />
Financials<br />
Tesco Property Finance 2 6.052% 13/10/2039 GB GBP 2,409,674 2,811,001 1.07<br />
European Union 3.50% 04/06/2021 EMTN 99 EUR 3,000,000 2,757,008 1.05<br />
BAT Int’l Finance 6.375% 12/12/2019 EMTN GB GBP 1,820,000 2,271,189 0.87<br />
UBS Stamford 7.625% 17/08/2022 CH USD 3,000,000 2,006,176 0.76<br />
European Union 3.25% 04/04/2018 EMTN 99 EUR 2,050,000 1,848,155 0.70<br />
British L<strong>and</strong> International 5.357% 31/03/2028 GB GBP 1,399,000 1,483,640 0.57<br />
Abbey National Treasury Serv. 5.125% 14/04/2021 EMTN GB GBP 1,200,000 1,405,282 0.54<br />
European Investment Bank 6.00% 07/12/2028 99 GBP 1,000,000 1,346,909 0.51<br />
3I Group 5.75% 03/12/2032 EMTN GB GBP 1,400,000 1,333,129 0.51<br />
Lloyds TSB Bank 6.00% 08/02/2029 GB GBP 1,000,000 1,301,077 0.50<br />
Barclays Bank 4.25% 12/01/2022 EMTN GB GBP 1,150,000 1,294,381 0.49<br />
ABN Amro Bank 6.375% 27/04/2021 EMTN NL EUR 1,450,000 1,252,407 0.48<br />
Porterbrook Rail Finance 6.50% 20/10/2020 EMTN GB GBP 1,000,000 1,218,882 0.46<br />
Bank of Scotl<strong>and</strong> 4.875% 20/12/2024 EMTN GB GBP 1,000,000 1,171,956 0.45<br />
Co-Operative Bank 4.75% 11/11/2021 GB GBP 1,000,000 1,150,374 0.44<br />
Abbey National Treasury Serv. 5.25% 16/02/2029 EMTN GB GBP 900,000 1,079,545 0.41<br />
Dignity Finance 6.31% 31/12/2023 GB GBP 843,545 1,034,469 0.39<br />
BAT Int’l Finance 6.00% 24/11/2034 EMTN GB GBP 800,000 1,007,686 0.38<br />
Sant<strong>and</strong>er International Debt 4.625% 21/03/2016 EMTN ES EUR 1,200,000 986,569 0.38<br />
British Empire Sec & Gen Trust 8.125% 02/07/2023 GB GBP 750,000 978,150 0.37<br />
RBS 5.125% 13/01/2024 GB GBP 750,000 894,160 0.34<br />
Lloyds TSB Bank 5.125% 07/03/2025 EMTN GB GBP 750,000 893,951 0.34<br />
Aviva 6.125% VRN (Perpetual) GB GBP 1,000,000 867,003 0.33<br />
HSBC Holdings 6.375% VRN 18/10/2022 EMTN GB GBP 800,000 866,445 0.33<br />
Severn Trent Water Utilities Fin. 6.00% 22/01/2018 EMTN GB GBP 725,000 861,784 0.33<br />
Gatwick Funding Limited 5.25% 23/01/2024 EMTN GB GBP 750,000 834,181 0.32<br />
Unique Pub Finance 5.659% 30/06/2027 GB GBP 950,000 826,137 0.31<br />
Linde Finance 7.375% VRN 14/07/2066 NL EUR 775,000 730,698 0.28<br />
Metropolitan Life GF I 3.50% 30/09/2026 US GBP 650,000 666,728 0.25<br />
Porterbrook Rail Finance 7.125% 20/10/2026 EMTN GB GBP 500,000 660,666 0.25<br />
Trafford Centre Finance 6.50% 28/07/2033 KY GBP 500,000 649,426 0.25<br />
THFC Funding No 3 5.20% 11/10/2043 EMTN GB GBP 600,000 637,625 0.24<br />
Barclays Bank 9.50% 07/08/2021 GB GBP 500,000 613,441 0.23<br />
GE Capital UK Funding 6.75% 06/08/2018 EMTN IE GBP 500,000 607,454 0.23<br />
BBVA US Senior Uniper 4.664% 09/10/2015 ES USD 950,000 594,710 0.23<br />
Eksportfinans 2.00% 15/09/2015 NO USD 1,000,000 592,209 0.23<br />
Telereal Securitisation 5.553% 10/12/2031 GB GBP 492,650 592,023 0.23<br />
Clydesdale Bank 4.625% 08/06/2026 EMTN GB GBP 500,000 575,865 0.22<br />
Lloyds TSB Bank 4.875% 30/03/2027 EMTN GB GBP 500,000 574,782 0.22<br />
Imperial Tobacco Finance 9.00% 17/02/2022 EMTN GB GBP 400,000 568,643 0.22<br />
Imperial Tobacco Finance 5.50% 22/11/2016 EMTN GB GBP 500,000 567,894 0.22<br />
L<strong>and</strong> Securities Capital Markets 4.875% VRN 07/11/2019 GB GBP 500,000 566,001 0.22<br />
Experian Finance 4.75% 23/11/2018 EMTN GB GBP 500,000 564,422 0.22<br />
3I Group 6.875% 09/03/2023 EMTN GB GBP 500,000 563,070 0.21<br />
Gatwick Funding Limited 5.75% 23/01/2037 EMTN GB GBP 500,000 556,491 0.21<br />
European Union 3.375% 10/05/2019 EMTN 99 EUR 600,000 547,780 0.21<br />
Tesco Property Finance 3 5.744% 13/04/2040 GB GBP 496,957 543,884 0.21<br />
National Westminster Bank 7.875% 09/09/2015 GB GBP 500,000 543,751 0.21<br />
Dali Capital 4.799% 21/12/2037 IE GBP 550,000 541,298 0.21<br />
Lloyds TSB Bank 7.625% 22/04/2025 EMTN GB GBP 500,000 537,572 0.20<br />
*Security with price determined by the Directors.<br />
The ac<strong>com</strong>panying notes to the financial statements form an integral part of these financial statements. The percentage of net assets in the schedule of investments <strong>and</strong> in the geographical split is subject to rounding.
Change language