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

Fidelity
Funds
Emerging Europe, Middle East and Africa Fund
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
Lukoil OAO RU USD 1,075,040 65,279,837 5.90
Surgutneftegas (Pref’d) RU USD 53,763,222 33,303,300 3.01
Ophir Energy GB GBP 1,773,576 15,863,502 1.43
Africa Oil CA CAD 1,189,110 11,767,597 1.06
Anadarko Petroleum US USD 155,840 10,676,610 0.96
Sasol ZA ZAR 156,500 6,671,793 0.60
Tullow Oil GB GBP 197,198 4,465,987 0.40
148,028,626 13.37
Materials
Harmony Gold Mining ZA ZAR 3,090,386 25,288,248 2.28
First Quantum Minerals CA CAD 1,007,093 22,703,888 2.05
Polymetal International RU GBP 478,943 8,606,315 0.78
Nampak ZA ZAR 2,037,713 6,785,253 0.61
AngloGold Ashanti ZA ZAR 136,338 4,531,520 0.41
Exxaro Resources ZA ZAR 171,198 3,422,339 0.31
DRDGOLD ZA ZAR 3,019,383 2,115,179 0.19
Consolidated Infrastructure Group ZA ZAR 783,947 1,174,236 0.11
74,626,978 6.74
Industrials
Bidvest Group ZA ZAR 597,740 14,252,889 1.29
Industries Qatar QA QAR 248,259 10,363,446 0.94
Wilson Bayly Holmes-Ovcon ZA ZAR 627,851 10,279,601 0.93
Blue Label Telecoms ZA ZAR 7,553,177 5,865,633 0.53
40,761,569 3.68
Information Technology
Check Point Software Technologies IL USD 277,446 12,285,324 1.11
IBS Group Holding GDR RU EUR 287,905 6,498,088 0.59
18,783,412 1.70
Consumer Discretionary
Naspers (N) ZA ZAR 1,312,782 85,144,536 7.69
Foschini Group ZA ZAR 679,368 9,854,209 0.89
City Lodge Hotels ZA ZAR 723,338 7,667,514 0.69
Cashbuild ZA ZAR 347,622 6,005,514 0.54
Mr Price Group ZA ZAR 230,333 3,554,872 0.32
112,226,645 10.14
Consumer Staples
Shoprite Holdings ZA ZAR 1,976,811 40,610,827 3.67
SABMiller (South Africa) GB ZAR 832,845 35,533,943 3.21
AVI ZA ZAR 5,044,057 33,231,460 3.00
Nigerian Breweries NG NGN 43,081,873 33,222,138 3.00
East African Breweries KE KES 6,617,787 18,650,411 1.68
Tongaat Hulett ZA ZAR 570,575 8,940,812 0.81
Guinness (Nigeria) NG NGN 5,060,537 8,481,238 0.77
Nestle Foods Nigeria NG NGN 1,947,530 8,364,081 0.76
Clover Industries ZA ZAR 4,675,302 7,541,591 0.68
Coca-Cola Icecek TR TRY 377,170 7,311,446 0.66
Zeder Investments ZA ZAR 20,109,328 6,719,251 0.61
Anadolu Efes Biracilik Ve Malt Sanayii TR TRY 379,548 5,687,295 0.51
214,294,493 19.35
Healthcare
Aspen Pharmacare Holdings ZA ZAR 247,504 4,505,715 0.41
4,505,715 0.41
Telecommunication Services
MTN Group ZA ZAR 4,359,907 78,536,696 7.09
Mobile Telesystems ADR RU USD 1,216,121 20,601,094 1.86
Vodacom Group ZA ZAR 1,613,112 20,314,675 1.83
Safaricom KE KES 172,363,189 8,905,567 0.80
Sistema JSFC RU USD 8,212,014 6,178,256 0.56
134,536,288 12.15
Financials
SberBank of Russia RU USD 14,567,035 42,648,593 3.85
Remgro ZA ZAR 1,908,273 32,650,677 2.95
Discovery Holdings ZA ZAR 3,929,072 25,134,180 2.27
Turkiye Garanti Bankasi TR TRY 4,861,187 23,179,456 2.09
Brait LU ZAR 4,928,453 19,363,789 1.75
SberBank of Russia (Pref’d) RU USD 8,853,198 18,645,295 1.68
RMB Holdings ZA ZAR 3,782,142 16,576,910 1.50
JSE ZA ZAR 1,593,714 12,914,462 1.17
Zenith Bank NG NGN 106,115,339 12,166,435 1.10
32
Access Bank NG NGN 213,151,144 12,070,022 1.09
Redefine Properties ZA ZAR 10,145,469 10,520,587 0.95
First Gulf Bank AE AED 3,689,243 10,495,927 0.95
Reinet Investments SCA LU ZAR 4,123,515 7,269,161 0.66
First Bank of Nigeria NG NGN 64,778,512 6,681,044 0.60
Equity Bank KE KES 14,134,404 4,024,886 0.36
Guaranty Trust Bank NG NGN 27,172,406 3,423,132 0.31
Diamond Bank NG NGN 103,650,806 2,684,092 0.24
Skye Bank NG NGN 72,470,842 1,881,282 0.17
262,329,930 23.69
Securities Admitted to or Dealt on Other Regulated Markets
Energy
NovaTek OAO GDR RU USD 341,958 38,983,187 3.52
Eurasia Drilling GDR CY USD 454,300 15,718,763 1.42
54,701,950 4.94
Materials
Uralkali GDR RU USD 225,276 8,826,322 0.80
8,826,322 0.80
Consumer Staples
MHP GDR UA USD 222,824 3,386,922 0.31
3,386,922 0.31
Financials
Guaranty Trust Bank GDR NG USD 1,303,981 8,084,682 0.73
Halyk Savings Bank of Kazakhstan GDR KZ USD 669,956 4,763,386 0.43
12,848,068 1.16
Unlisted
Energy
Griffiths Energy 12.00% 01/09/2017* CA USD 1,985,731 1,985,731 0.18
Kalahari Energy* VG USD 257,053 3 0.00
1,985,734 0.18
Financials
SA Investment Opportunities Placing* VG GBP 15 840,809 0.08
840,809 0.08
Fractions 3 0.00
Total Investments (Cost USD 982,435,707) 1,092,683,464 98.69
Forward Foreign Exchange Contracts
- A-ACC Shares (PLN) (hedged)
Country Ccy Shares or Market % Net
Code Nominal Value Assets
USD
Underlying Unrealised % Net
exposure gain / (loss) Assets
USD USD
Bought EUR Sold ZAR at 0.09427 07/11/2012 629,070 39,079 0.00
Bought PLN Sold EUR at 4.16542 07/11/2012 1,302,984 7,909 0.00
Bought EUR Sold USD at 0.77686 07/11/2012 421,500 3,261 0.00
Bought EUR Sold ZAR at 0.08870 07/12/2012 659,744 2,780 0.00
Bought PLN Sold EUR at 4.16234 07/12/2012 1,324,615 1,894 0.00
Bought EUR Sold CAD at 0.78973 07/11/2012 35,318 844 0.00
Bought EUR Sold USD at 0.77184 07/12/2012 418,100 632 0.00
Bought USD Sold RUB at 0.03192 07/11/2012 316,031 604 0.00
Bought EUR Sold GBP at 1.25943 07/11/2012 45,003 578 0.00
Bought RUB Sold USD at 31.42600 07/11/2012 315,643 388 0.00
Bought EUR Sold TRY at 0.43176 07/11/2012 24,938 153 0.00
Bought EUR Sold CAD at 0.78722 07/11/2012 5,903 122 0.00
Bought GBP Sold EUR at 0.80566 07/11/2012 51,523 94 0.00
Bought TRY Sold EUR at 2.33512 07/11/2012 34,498 71 0.00
Bought EUR Sold CAD at 0.77074 07/12/2012 40,595 9 0.00
Bought EUR Sold USD at 0.77191 07/11/2012 992 1 0.00
Bought EUR Sold USD at 0.77069 07/11/2012 6,400 (2) (0.00)
Bought CAD Sold EUR at 1.29623 07/11/2012 41,231 (10) (0.00)
Bought EUR Sold GBP at 1.23930 07/11/2012 6,613 (22) (0.00)
Bought EUR Sold GBP at 1.24078 07/12/2012 38,225 (68) (0.00)
Bought EUR Sold TRY at 0.42639 07/12/2012 38,031 (77) (0.00)
Bought EUR Sold TRY at 0.42528 07/11/2012 9,630 (86) (0.00)
Bought USD Sold RUB at 0.03166 07/12/2012 285,238 (236) (0.00)
Bought USD Sold EUR at 1.29525 07/11/2012 428,544 (644) (0.00)
*Security with price determined by the Directors.
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.