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
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Fidelity<br />
Funds<br />
Fidelity Target 2025 (Euro) Fund - continued<br />
Schedule of Investments as at 31 October 2012<br />
Country Ccy Shares or Market % Net<br />
Code Nominal Value Assets<br />
EUR<br />
Unitymedia Hessen 8.125% 01/12/2017 144A DE USD 5,841 4,869 0.00<br />
Eksportfinans 2.375% 25/05/2016 NO USD 6,547 4,783 0.00<br />
Gazprombank 8.617% 15/12/2015 Reg S IE RUB 193,011 4,782 0.00<br />
Vozrozhdenie Bank RU USD 352 4,772 0.00<br />
Societe Generale 6.999% VRN (Perpetual) FR EUR 5,354 4,686 0.00<br />
Transregional (Transcapitalbank) 7.74% VRN 18/07/2017 IE USD 6,684 4,589 0.00<br />
BPCE 6.117% VRN (Perpetual) EMTN FR EUR 5,763 4,383 0.00<br />
Renaissance Cons. (Ren. Cap.) 13.00% 01/04/2013 Reg S IE USD 5,593 4,371 0.00<br />
RBS 9.50% VRN (Perpetual) GB GBP 3,240 4,210 0.00<br />
Ageas Hybrid Financing 5.125% VRN (Perpetual) LU EUR 5,456 3,894 0.00<br />
Credit Agricole 7.875% VRN (Perpetual) FR EUR 4,024 3,892 0.00<br />
UPCB Finance II 6.375% 01/07/2020 Reg S KY EUR 3,744 3,882 0.00<br />
BNP Paribas 5.945% VRN (Perpetual) FR GBP 4,160 3,824 0.00<br />
Lloyds TSB Bank 7.625% 22/04/2025 EMTN GB GBP 2,859 3,822 0.00<br />
Societe Generale 4.196% VRN (Perpetual) FR EUR 5,252 3,789 0.00<br />
Diamond Bank NG NGN 185,849 3,710 0.00<br />
RBS Group 7.092% VRN (Perpetual) GB EUR 4,638 3,669 0.00<br />
RBS 9.50% VRN 16/03/2022 EMTN GB USD 4,092 3,625 0.00<br />
RSF (Russian St<strong>and</strong>ard Bank) 9.25% 11/07/2017 Reg S LU USD 4,535 3,620 0.00<br />
ATF Capital 10.00% VRN (Perpetual) NL USD 5,514 3,465 0.00<br />
Kuznetski Cap. (Bank of Moscow) 6.02% VRN 10/05/2017 LU USD 4,382 3,412 0.00<br />
Bank of Scotl<strong>and</strong> CF 6.059% VRN (Perpetual) Reg S GB GBP 3,410 3,398 0.00<br />
RBS Capital Trust (C) 4.243% VRN (Perpetual) US EUR 5,149 3,307 0.00<br />
RSHB (Russian Agri. Bank) 8.70% 17/03/2016 EMTN LU RUB 126,173 3,210 0.00<br />
Eurasia Capital (HCFB) 9.375% 24/04/2020 Reg S LU USD 3,990 3,160 0.00<br />
Chinatrust Financial Holding TW TWD 7,481 3,156 0.00<br />
Crown Newco 3 8.875% 15/02/2019 Reg S GB GBP 2,465 3,115 0.00<br />
Country Garden Holdings 2.50% 22/02/2013 KY CNY 20,120 2,998 0.00<br />
Intesa Sanpaolo 5.25% 28/01/2022 EMTN IT GBP 2,489 2,969 0.00<br />
HSBC Bank Funding Sterling 5.844% VRN (Perpetual) GB GBP 2,626 2,942 0.00<br />
Alfa Bank (Alfa Bond) 7.75% 28/04/2021 Reg S IE USD 3,478 2,933 0.00<br />
Barclays Bank 4.875% VRN (Perpetual) EMTN GB EUR 4,297 2,922 0.00<br />
BBVA Sub Capital Unipers 5.75% VRN 11/03/2018 EMTN ES GBP 2,558 2,859 0.00<br />
British Insurance Holdings 6.625% VRN 09/12/2030 NL GBP 3,410 2,810 0.00<br />
Investec Bank 9.625% 17/02/2022 EMTN GB GBP 2,046 2,743 0.00<br />
Paragon Entertainment* GB GBP 33,464 2,705 0.00<br />
RSF (Russian St<strong>and</strong>ard Bank) 10.75% 10/04/2018 144A LU USD 3,410 2,701 0.00<br />
HBOS 4.875% 20/03/2015 EMTN GB EUR 2,592 2,641 0.00<br />
KWG Property Holding HK HKD 5,768 2,624 0.00<br />
Eksportfinans 5.50% 25/05/2016 NO USD 3,240 2,600 0.00<br />
Skye Bank NG NGN 129,942 2,600 0.00<br />
Natixis 6.307% VRN (Perpetual) FR EUR 3,410 2,522 0.00<br />
Aviva 4.729% VRN (Perpetual) GB EUR 2,728 2,516 0.00<br />
Argon Capital (RBS) 8.162% VRN (Perpetual) EMTN IE GBP 3,427 2,429 0.00<br />
Alfa Bank (Alfa Bond) 6.30% VRN 22/02/2017 IE USD 3,143 2,413 0.00<br />
Bank of Scotl<strong>and</strong> CF 7.754% VRN (Perpetual) Reg S GB GBP 2,182 2,353 0.00<br />
Smurfit Kappa Acquisitions 5.125% 15/09/2018 Reg S IE EUR 2,285 2,353 0.00<br />
Sant<strong>and</strong>er Issuances 7.30% VRN 27/07/2019 ES GBP 1,944 2,330 0.00<br />
Krung Thai Bank (F) TH THB 5,091 2,302 0.00<br />
Society of Lloyd’s 7.421% VRN (Perpetual) GB GBP 1,841 2,239 0.00<br />
Barclays Bank 6.00% VRN (Perpetual) GB GBP 2,373 2,226 0.00<br />
Numericable Finance 12.375% 15/02/2019 Reg S LU EUR 1,910 2,209 0.00<br />
Wendel 5.875% 17/09/2019 EMTN FR EUR 2,114 2,177 0.00<br />
UniCredit 6.375% VRN 16/10/2018 EMTN IT GBP 1,944 2,130 0.00<br />
Direct Line Insurance Group 9.25% VRN 27/04/2042 GB GBP 1,535 2,120 0.00<br />
CSFB (EXIM of Ukraine) 5.793% VRN 09/02/2016 GB USD 3,069 2,035 0.00<br />
Barclays Bank 4.75% VRN (Perpetual) EMTN GB EUR 3,015 1,948 0.00<br />
Aviva 5.902% VRN (Perpetual) GB GBP 1,893 1,943 0.00<br />
Danske Bank 5.684% VRN (Perpetual) EMTN DK GBP 1,671 1,873 0.00<br />
Credit Agricole 4.13% VRN (Perpetual) FR EUR 2,387 1,871 0.00<br />
Assicurazioni Generali 6.416% VRN (Perpetual) IT GBP 2,114 1,870 0.00<br />
Broadgate Financing 1.504% FRN 05/01/2022 GB GBP 1,817 1,857 0.00<br />
LBG Capital No.1 6.439% 23/05/2020 GB EUR 1,978 1,849 0.00<br />
Numericable Finance 8.065% FRN 15/10/2018 Reg S LU EUR 1,841 1,844 0.00<br />
National Westminster Bank 6.50% 07/09/2021 GB GBP 1,364 1,711 0.00<br />
Mutual Securitisation 7.587% 30/09/2022* IE GBP 2,110 1,694 0.00<br />
Eksportfinans 3.00% 17/11/2014 NO USD 2,046 1,570 0.00<br />
Credit Agricole 5.00% VRN (Perpetual) FR GBP 1,645 1,535 0.00<br />
Unique Pub Finance 5.659% 30/06/2027 GB GBP 1,364 1,475 0.00<br />
Aviva 6.125% VRN (Perpetual) GB GBP 1,364 1,471 0.00<br />
Security Bank PH PHP 484 1,470 0.00<br />
Numericable Finance 8.75% 15/02/2019 Reg S LU EUR 1,398 1,430 0.00<br />
Novae Group 6.50% 27/04/2017 GB GBP 1,166 1,396 0.00<br />
Commerzbank 6.375% 22/03/2019 EMTN DE EUR 1,398 1,386 0.00<br />
Commerzbank 7.75% 16/03/2021 EMTN DE EUR 1,364 1,363 0.00<br />
BSPB Fin. (Bk St Petersb) 7.63% VRN 25/07/2017 EMTN IE USD 1,862 1,325 0.00<br />
Barclays Bank 2.062% FRN (Perpetual) GB GBP 2,046 1,323 0.00<br />
PSB Finance (Promsvyazbank) 8.50% 25/04/2017 Reg S LU USD 1,705 1,321 0.00<br />
BNP Paribas 4.73% VRN (Perpetual) FR EUR 1,500 1,285 0.00<br />
BNP Paribas 5.019% VRN (Perpetual) FR EUR 1,432 1,222 0.00<br />
BPCE 4.75% VRN (Perpetual) FR EUR 2,046 1,168 0.00<br />
RBS Group 5.25% (Perpetual) GB EUR 1,705 1,147 0.00<br />
Hypo Real Int’l Trust I 5.864% (Perpetual) US EUR 2,694 825 0.00<br />
Ziggo Bond 8.00% 15/05/2018 Reg S NL EUR 682 749 0.00<br />
RBS Group 7.648% VRN (Perpetual) GB USD 955 730 0.00<br />
Lloyds TSB Bank 6.50% 24/03/2020 EMTN GB EUR 682 721 0.00<br />
Unicredit Int’l Bank 8.125% VRN (Perpetual) LU EUR 682 622 0.00<br />
Boparan Finance 9.875% 30/04/2018 Reg S GB GBP 341 465 0.00<br />
Credit Logement 0.852% FRN (Perpetual) FR EUR 600 370 0.00<br />
Blue Ocean Res. 11.00% 28/06/2012 Reg S (Defaulted) SG USD 1,023 280 0.00<br />
360<br />
Country Ccy Shares or Market % Net<br />
Code Nominal Value Assets<br />
EUR<br />
BTA Bank 0.00% 30/06/2020 Reg S (Defaulted) KZ USD 311 30 0.00<br />
BTA Bank 7.20% 01/07/2025 Reg S (Defaulted) KZ USD 34 2 0.00<br />
BTA Bank GDR KZ USD 1 1 0.00<br />
Cattles 7.125% 05/07/2017 (Defaulted)* GB GBP 2,626 0 0.00<br />
23,870,084 18.53<br />
Government<br />
Germany 2.25% 04/09/2021 DE EUR 4,170,583 4,507,458 3.50<br />
Germany 0.50% 07/04/2017 DE EUR 1,382,503 1,389,864 1.08<br />
Germany 1.75% 04/07/2022 DE EUR 698,844 718,885 0.56<br />
Italy 4.25% 01/03/2020 IT EUR 672,637 672,056 0.52<br />
Italy 3.00% 15/06/2015 IT EUR 614,355 618,866 0.48<br />
France 3.00% 25/04/2022 FR EUR 443,826 476,589 0.37<br />
Spain 5.85% 31/01/2022 ES EUR 423,791 430,844 0.33<br />
Italy 5.00% 01/03/2022 IT EUR 391,039 399,614 0.31<br />
Germany 3.25% 04/07/2042 DE EUR 304,374 368,556 0.29<br />
Italy 4.00% 01/02/2017 IT EUR 314,351 321,382 0.25<br />
Spain 3.25% 30/04/2016 ES EUR 317,123 310,932 0.24<br />
Germany 2.50% 27/02/2015 DE EUR 232,276 245,483 0.19<br />
Italy 5.00% 01/09/2040 IT EUR 252,793 235,411 0.18<br />
Sweden 3.75% 12/08/2017 SE SEK 1,711,684 224,499 0.17<br />
Spain 4.30% 31/10/2019 ES EUR 172,480 165,388 0.13<br />
Irel<strong>and</strong> 5.50% 18/10/2017 IE EUR 135,545 148,460 0.12<br />
Italy 4.50% 15/07/2015 IT EUR 141,210 147,370 0.11<br />
Spain 4.75% 30/07/2014 ES EUR 138,591 142,760 0.11<br />
Germany 3.25% 04/07/2015 DE EUR 131,270 142,320 0.11<br />
Germany 3.50% 04/07/2019 DE EUR 97,906 114,612 0.09<br />
Germany 1.75% 09/10/2015 DE EUR 98,837 103,579 0.08<br />
Spain 4.00% 30/07/2015 ES EUR 97,101 98,510 0.08<br />
Finl<strong>and</strong> 3.375% 15/04/2020 FI EUR 58,804 67,386 0.05<br />
Pol<strong>and</strong> 3.375% 09/07/2024 EMTN PL EUR 64,153 65,530 0.05<br />
Belgium 4.00% 28/03/2032 BE EUR 57,866 64,250 0.05<br />
France 4.50% 25/04/2041 FR EUR 49,548 62,065 0.05<br />
Netherl<strong>and</strong>s 2.25% 15/07/2022 NL EUR 53,984 56,467 0.04<br />
France 4.00% 25/04/2055 FR EUR 35,697 41,749 0.03<br />
UK Treasury 5.00% 07/03/2025 GB GBP 25,346 41,602 0.03<br />
Germany 1.50% 15/03/2013 DE EUR 26,462 26,605 0.02<br />
UK Treasury 4.50% 07/03/2013 GB GBP 13,640 17,213 0.01<br />
Spain 4.20% 30/07/2013 ES EUR 13,640 13,832 0.01<br />
Finl<strong>and</strong> 2.75% 04/07/2028 FI EUR 8,245 8,789 0.01<br />
Franz Haniel & Cie 6.25% 08/02/2018 DE EUR 3,069 3,364 0.00<br />
Portugal 4.80% 15/06/2020 PT EUR 2,967 2,420 0.00<br />
12,454,710 9.67<br />
Closed Ended Fund<br />
Marwyn Value Investors GB GBP 15,893 24,951 0.02<br />
Oakley Capital Investments BM GBP 12,130 20,440 0.02<br />
Loudwater Trust GB GBP 25,278 10,059 0.01<br />
Frasers Commercial Trust SG SGD 9,183 7,197 0.01<br />
Marwyn Value Investors (B)* GB GBP 3,415 2,548 0.00<br />
65,195 0.05<br />
Equity Linked Notes<br />
BNP (Kweichow Moutai (A)) ELN 20/08/2013 CN USD 618 18,873 0.01<br />
UBS (Inner Mongolia Baotou Steel (A)) ELN 11/08/2014 CN USD 3,149 11,075 0.01<br />
BNP (Wuliangye Yibin (A)) ELN 20/08/2013 NL USD 2,561 10,629 0.01<br />
BNP (China Int’l Travel Services (A)) ELN 08/10/2013 NL USD 981 3,688 0.00<br />
UBS (Lijiang Yulong Tourism (A)) ELN 08/10/2013 GB USD 1,296 3,140 0.00<br />
47,405 0.04<br />
Securities Admitted to or Dealt on Other Regulated Markets<br />
Energy<br />
Eurasia Drilling GDR CY USD 7,015 187,125 0.15<br />
NovaTek OAO GDR RU USD 613 53,886 0.04<br />
Afren 11.50% 01/02/2016 Reg S GB USD 4,024 3,564 0.00<br />
PSOS Finance 12.00% 06/10/2015 KY USD 3,777 2,934 0.00<br />
Expro Finance Luxembourg 8.50% 15/12/2016 144A LU USD 74 58 0.00<br />
MPF 10.00% 08/05/2013 (Defaulted)* BM USD 2,387 0 0.00<br />
Viking Drilling 0.00% 20/12/2012 (Defaulted)* NO USD 404 0 0.00<br />
247,567 0.19<br />
Utilities<br />
Infinis 9.125% 15/12/2014 Reg S GB GBP 10,079 12,737 0.01<br />
Intergen 9.00% 30/06/2017 144A NL USD 7,536 5,519 0.00<br />
18,256 0.01<br />
Materials<br />
Cementos Argos CO COP 7,176 27,467 0.02<br />
Uralkali GDR RU USD 404 12,201 0.01<br />
Ineos Group Holdings 7.875% 15/02/2016 Reg S LU EUR 11,219 10,764 0.01<br />
Lafarge Shui on Cement 9.00% 14/11/2014 Reg S HK CNY 45,832 6,030 0.00<br />
Grupo Argos CO COP 540 4,616 0.00<br />
Norcell Sweden Holding 2 10.75% 29/09/2019 Reg S SE EUR 3,990 4,306 0.00<br />
Evraz Group 7.40% 24/04/2017 Reg S LU USD 5,115 4,096 0.00<br />
Cemex Espana Luxembourg 8.875% 12/05/2017 Reg S ES EUR 2,849 2,878 0.00
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