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

Fidelity
Funds
US High Yield Fund - continued
Schedule of Investments as at 31 October 2012
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
HDTFS 6.25% 15/10/2022 144A US USD 5,577,513 5,668,147 0.06
Delta Air Lines 2009 1A 7.75% 17/12/2019 US USD 4,821,842 5,545,119 0.06
Kansas City Southern Mexico 8.00% 01/02/2018 MX USD 4,892,555 5,449,083 0.06
Navios Maritime Acquisition 8.625% 01/11/2017 MH USD 3,649,846 3,449,105 0.04
GEO Group 6.625% 15/02/2021 US USD 2,769,186 3,004,567 0.03
Ceridian 12.25% 15/11/2015 US USD 2,935,533 2,898,839 0.03
Isabelle Acquisition Sub 10.00% 15/11/2018 144A US USD 2,191,865 2,378,173 0.03
Navios Logistics 9.25% 15/04/2019 MH USD 2,465,848 2,351,802 0.03
Continental Airlines 2005-ERJ 1 9.798% 01/04/2021 US USD 1,865,749 2,047,659 0.02
Casella Waste Systems 7.75% 15/02/2019 US USD 1,888,526 1,850,756 0.02
General Cable 2.735% FRN 01/04/2015 US USD 1,467,767 1,456,758 0.02
Navios Maritime 8.875% 01/11/2017 MH USD 998,081 1,018,043 0.01
Continental Airlines 2009-2 B 9.25% 10/05/2017 US USD 839,402 933,834 0.01
Continental Airlines 2007-1 C 7.339% 19/04/2014 US USD 376,623 395,454 0.00
ARAMARK Holdings 8.625% 01/05/2016 Reg S US USD 14,678 15,063 0.00
255,169,082 2.92
Information Technology
First Data 6.75% 01/11/2020 144A US USD 42,482,057 42,588,262 0.49
Hughes Satelite Systems 6.50% 15/06/2019 US USD 29,717,380 31,983,330 0.37
Avaya 10.125% 01/11/2015 US USD 27,815,232 24,894,633 0.29
WideOpenWest 10.25% 15/07/2019 144A US USD 21,708,267 22,956,493 0.26
Freescale Semiconductor 10.125% 15/03/2018 144A US USD 19,630,888 21,471,284 0.25
Audatex North America 6.75% 15/06/2018 144A US USD 17,123,943 18,419,369 0.21
Reddy Ice 11.25% 15/03/2015 US USD 16,473,233 16,885,064 0.19
SunGard Data Systems 6.625% 01/11/2019 144A US USD 15,871,449 16,071,429 0.18
Ceridian 11.25% 15/11/2015 US USD 16,184,573 15,871,887 0.18
Avaya 7.00% 01/04/2019 144A US USD 16,429,200 14,868,426 0.17
Freescale Semiconductor 9.25% 15/04/2018 144A US USD 13,126,726 14,094,822 0.16
WideOpenWest 13.375% 15/10/2019 144A US USD 11,825,306 12,180,065 0.14
Spansion 7.875% 15/11/2017 US USD 9,012,087 9,057,147 0.10
SunGard Data Systems 4.875% 15/01/2014 US USD 8,476,841 8,773,531 0.10
NCR 5.00% 15/07/2022 144A US USD 7,426,899 7,621,855 0.09
Ceridian 8.875% 15/07/2019 144A US USD 7,015,924 7,507,039 0.09
J2 Global Communications 8.00% 01/08/2020 144A US USD 6,174,405 6,375,073 0.07
Infor US 9.375% 01/04/2019 US USD 4,496,258 4,962,745 0.06
NXP 9.75% 01/08/2018 144A NL USD 4,217,383 4,939,609 0.06
SunGard Data Systems 10.25% 15/08/2015 US USD 2,441,385 2,499,368 0.03
Cequel Communications 6.375% 15/09/2020 144A US USD 2,328,856 2,366,700 0.03
JDA Software Group 8.00% 15/12/2014 US USD 2,216,327 2,327,144 0.03
NXP 3.217% FRN 15/10/2013 NL USD 1,525,499 1,521,685 0.02
Seagate Technology Int’l 10.00% 01/05/2014 144A KY USD 449,137 490,682 0.01
310,727,642 3.56
Consumer Discretionary
Reynolds Group Issuer 6.875% 15/02/2021 US USD 48,827,701 52,184,605 0.60
Reynolds Group Issuer 5.75% 15/10/2020 144A US USD 43,949,823 44,554,133 0.51
CCH II Capital 13.50% 30/11/2016 US USD 34,242,019 36,938,578 0.42
Caesars Entertainment Operating 8.50% 15/02/2020 144A US USD 37,178,527 36,806,742 0.42
Station Casinos 3.66% 18/06/2018 144A US USD 37,423,155 32,090,355 0.37
Claire’s Stores 9.00% 15/03/2019 144A US USD 29,839,694 31,331,679 0.36
Clear Channel Communications 5.50% 15/09/2014 US USD 32,726,302 31,115,840 0.36
Nielsen Finance 7.75% 15/10/2018 US USD 23,092,860 25,950,602 0.30
General Motors 4.75% 01/12/2013 US USD 610,493 24,657,814 0.28
Reynolds Group Issuer 7.875% 15/08/2019 US USD 22,632,960 24,641,636 0.28
Clear Channel Worldwide (B) 7.625% 15/03/2020 US USD 24,673,156 23,562,864 0.27
K. Hovnanian Enterprises 7.25% 15/10/2020 144A US USD 19,570,221 20,768,897 0.24
Clear Channel Worldwide (A) 9.25% 15/12/2017 US USD 19,041,825 20,469,962 0.23
DISH DBS 4.625% 15/07/2017 US USD 19,570,221 20,157,327 0.23
DISH DBS 5.875% 15/07/2022 US USD 17,823,579 18,759,316 0.21
DISH DBS 6.75% 01/06/2021 US USD 16,698,291 18,712,940 0.21
Laureate Education 9.25% 01/09/2019 144A US USD 18,087,777 18,155,606 0.21
Videotron 5.00% 15/07/2022 CA USD 16,326,457 16,979,515 0.19
National CineMedia 6.00% 15/04/2022 144A US USD 15,768,705 16,754,249 0.19
Lamar Media 5.00% 01/05/2023 144A US USD 15,788,276 15,847,482 0.18
Ameristar Casinos 7.50% 15/04/2021 US USD 12,901,668 13,909,611 0.16
Petco Animal Supplies 9.25% 01/12/2018 144A US USD 12,187,355 13,467,027 0.15
Sotheby’s 5.25% 01/10/2022 144A US USD 12,828,280 13,213,128 0.15
Nielsen Finance 4.50% 01/10/2020 144A US USD 12,192,248 12,131,286 0.14
Caesars Operating Escrow 9.00% 15/02/2020 144A US USD 11,815,521 11,830,290 0.14
Hanesbrands 6.375% 15/12/2020 US USD 10,700,018 11,717,756 0.13
CCO Holdings Capital 6.625% 31/01/2022 US USD 10,274,366 11,122,001 0.13
MGM Resorts International 8.625% 01/02/2019 144A US USD 9,785,110 10,592,382 0.12
Tenneco 6.875% 15/12/2020 US USD 9,056,120 9,871,170 0.11
AmeriGas 6.50% 20/05/2021 US USD 8,947,505 9,529,093 0.11
MGM Resorts International 9.00% 15/03/2020 US USD 8,097,179 9,068,840 0.10
Delphi 6.125% 15/05/2021 US USD 8,150,997 9,047,607 0.10
DISH DBS 6.625% 01/10/2014 US USD 7,828,088 8,483,691 0.10
MDC Partners 11.00% 01/11/2016 CA USD 7,250,767 7,939,590 0.09
UPCB Finance VI 6.875% 15/01/2022 144A KY USD 6,966,999 7,484,751 0.09
MCE Finance 10.25% 15/05/2018 KY USD 6,536,454 7,467,898 0.09
UPCB Finance V 7.25% 15/11/2021 144A KY USD 6,771,296 7,414,570 0.08
National CineMedia 7.875% 15/07/2021 US USD 6,648,982 7,297,258 0.08
Sheridan Group 12.50% 15/04/2014 US USD 8,698,752 7,263,458 0.08
Burlington Coat Factory 10.00% 15/02/2019 US USD 6,203,760 6,901,683 0.08
Ferrellgas 6.50% 01/05/2021 US USD 6,560,917 6,384,756 0.07
Reynolds Group Issuer 8.25% 15/02/2021 US USD 6,272,256 6,193,853 0.07
DISH DBS 7.00% 01/10/2013 US USD 5,871,066 6,179,297 0.07
Sonic Automotive 7.00% 15/07/2022 144A US USD 5,577,513 6,023,714 0.07
277
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Sally Holdings 6.875% 15/11/2019 US USD 4,917,018 5,457,890 0.06
Universal City Development 8.875% 15/11/2015 US USD 4,617,594 4,818,967 0.06
Wolverine World Wide 6.125% 15/10/2020 144A US USD 4,608,787 4,804,660 0.06
Qvc 7.50% 01/10/2019 144A US USD 4,011,895 4,428,129 0.05
Petco Holdings 8.50% 15/10/2017 144A US USD 4,158,672 4,200,259 0.05
FGI Operating 7.875% 01/05/2020 144A US USD 3,762,375 4,100,989 0.05
NAI Entertainment Holdings 8.25% 15/12/2017 144A US USD 3,579,393 3,986,549 0.05
Cinemark USA 7.375% 15/06/2021 US USD 3,503,070 3,870,892 0.04
Clear Channel Communications 5.50% 15/12/2016 US USD 5,758,537 3,675,066 0.04
Bresnan Broadband Holdings 8.00% 15/12/2018 144A US USD 3,282,905 3,561,951 0.04
WMG Acquisition 6.00% 15/01/2021 144A US USD 3,390,541 3,426,565 0.04
Allbritton Communication 8.00% 15/05/2018 US USD 3,131,235 3,416,961 0.04
Clear Channel Worldwide (A) 7.625% 15/03/2020 US USD 3,527,532 3,359,975 0.04
Nexstar Broadcasting 7.00% 15/01/2014 US USD 3,332,983 3,352,981 0.04
Lamar Media 7.875% 15/04/2018 US USD 2,955,103 3,259,848 0.04
Reynolds Group Issuer 9.00% 15/04/2019 US USD 2,940,426 2,991,883 0.03
Lamar Media 5.875% 01/02/2022 US USD 2,798,542 2,980,675 0.03
Pinnacle Entertainment 7.75% 01/04/2022 US USD 2,725,153 2,956,791 0.03
WMG Acquisition 9.50% 15/06/2016 US USD 2,558,806 2,823,024 0.03
Videotron 9.125% 15/04/2018 CA USD 2,519,666 2,724,389 0.03
Satmex Escrow 9.50% 15/05/2017 MX USD 2,260,360 2,429,888 0.03
Unitymedia Hessen 7.50% 15/03/2019 144A DE USD 2,191,865 2,413,791 0.03
Motors Liquidation GUC Trust US USD 121,490 2,356,905 0.03
Asbury Automotive Group 8.375% 15/11/2020 US USD 2,118,476 2,346,213 0.03
Boyd Acquisition 8.375% 15/02/2018 144A US USD 2,226,113 2,287,331 0.03
Tenneco 7.75% 15/08/2018 US USD 2,040,196 2,218,713 0.03
DISH DBS 7.125% 01/02/2016 US USD 1,957,022 2,194,311 0.03
DISH DBS 7.75% 31/05/2015 US USD 1,888,526 2,136,395 0.02
Cooper-Standard Automotive 8.50% 01/05/2018 US USD 1,981,485 2,135,050 0.02
AMC Networks 7.75% 15/07/2021 US USD 1,643,899 1,865,825 0.02
Delphi 5.875% 15/05/2019 US USD 1,565,618 1,686,953 0.02
American Casino & Entertainment 11.00% 15/06/2014 US USD 1,457,981 1,521,768 0.02
Shingle Springs Tribal G.A. 9.375% 15/06/2015 144A US USD 1,350,345 1,121,664 0.01
Lamar Media 9.75% 01/04/2014 US USD 978,511 1,095,932 0.01
Easton-Bell Sports 9.75% 01/12/2016 US USD 949,156 1,026,275 0.01
Nielsen Finance 11.625% 01/02/2014 US USD 558,730 631,365 0.01
Nexstar Finance 7.00% 15/01/2014 US USD 93,937 94,642 0.00
MTR Gaming Group 11.50% 01/08/2019 US USD 40,070 41,873 0.00
Adelphia Recovery Trust ACC-1 US USD 236,716 284 0.00
Sbarro 10.375% 01/02/2015 (Defaulted)* US USD 489,256 5 0.00
Adelphia Recovery Trust* US USD 98,750 1 0.00
854,778,480 9.79
Consumer Staples
Revlon Consumer Products 9.75% 15/11/2015 US USD 10,034,631 10,586,535 0.12
Alphabet Holding 7.75% 01/11/2017 144A US USD 10,254,796 10,357,344 0.12
Post Holdings 7.375% 15/02/2022 144A US USD 8,752,781 9,376,417 0.11
Rite Aid 9.25% 15/03/2020 US USD 8,199,922 8,384,421 0.10
Constellation Brands 4.625% 01/03/2023 US USD 4,506,043 4,610,110 0.05
Prestige Brands 8.125% 01/02/2020 US USD 1,164,428 1,309,982 0.02
44,624,809 0.51
Healthcare
HCA Holdings 7.75% 15/05/2021 US USD 102,719,196 110,551,535 1.27
Vanguard Health Holding 8.00% 01/02/2018 US USD 21,688,697 22,529,134 0.26
Vanguard Health Holding 7.75% 01/02/2019 144A US USD 18,846,123 19,694,198 0.23
Radiation Therapy Services 8.875% 15/01/2017 US USD 19,467,477 18,980,790 0.22
VPI Escrow 6.375% 15/10/2020 144A US USD 17,999,711 18,967,195 0.22
Multiplan 9.875% 01/09/2018 144A US USD 15,744,243 17,377,708 0.20
Aviv Healthcare Properties 7.75% 15/02/2019 US USD 15,758,920 16,625,661 0.19
Fresenius Med. Care US Fin. II 5.875% 31/01/2022 144A US USD 14,677,666 15,742,530 0.18
Fresenius Medical Care US Fin. 5.75% 15/02/2021 144A US USD 14,677,666 15,595,020 0.18
Valeant Pharmaceuticals 6.75% 15/08/2021 144A US USD 12,123,752 12,942,105 0.15
Tenet Healthcare 6.25% 01/11/2018 US USD 11,155,026 12,075,315 0.14
Emergency Medical Services 8.125% 01/06/2019 US USD 11,208,844 11,937,419 0.14
Valeant Pharmaceuticals 7.25% 15/07/2022 144A US USD 10,347,754 11,227,313 0.13
Hologic 6.25% 01/08/2020 144A US USD 10,000,383 10,637,907 0.12
Community Health Systems 8.00% 15/11/2019 US USD 9,785,110 10,577,778 0.12
Valeant Pharmaceuticals 6.375% 15/10/2020 144A US USD 10,000,383 10,537,903 0.12
Emdeon 11.00% 31/12/2019 US USD 7,842,766 9,001,810 0.10
Mylan 7.875% 15/07/2020 144A US USD 7,925,939 8,966,219 0.10
Community Health Systems 5.125% 15/08/2018 US USD 8,508,153 8,917,821 0.10
Tenet Healthcare 6.75% 01/02/2020 144A US USD 7,617,708 7,660,748 0.09
Vanguard Health Holding 7.75% 01/02/2019 US USD 7,348,618 7,633,377 0.09
Tenet Healthcare 4.75% 01/06/2020 144A US USD 7,040,387 7,021,026 0.08
Sabra Health Care 8.125% 01/11/2018 144A US USD 6,061,876 6,584,713 0.08
Surgical Care Affiliates 8.875% 15/07/2015 144A US USD 5,773,484 5,975,556 0.07
HealthSouth 5.75% 01/11/2024 US USD 5,308,422 5,388,049 0.06
IMS Health 6.00% 01/11/2020 144A US USD 5,102,935 5,211,372 0.06
Valeant Pharmaceuticals 7.00% 01/10/2020 144A US USD 4,643,035 4,997,066 0.06
Mylan 7.625% 15/07/2017 144A US USD 4,393,515 4,915,244 0.06
DJO Finance 9.875% 15/04/2018 144A US USD 4,031,465 3,970,993 0.05
Surgical Care Affiliates 10.00% 15/07/2017 144A US USD 3,317,152 3,424,960 0.04
Rotech Healthcare 10.75% 15/10/2015 US USD 3,160,591 3,095,447 0.04
Sky Growth Acquisition 7.375% 15/10/2020 144A US USD 3,087,202 3,083,343 0.04
Sabra Health Care 8.125% 01/11/2018 US USD 2,392,459 2,619,743 0.03
Rotech Healthcare 10.50% 15/03/2018 US USD 4,325,019 2,486,886 0.03
American Renal Holdings 8.375% 15/05/2018 US USD 2,074,443 2,198,910 0.03
Fresenius US Finance II 9.00% 15/07/2015 144A US USD 1,462,874 1,680,477 0.02