N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-215

Fidelity Hastings Street Trust
 (Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

December 31

 

 

Date of reporting period:

March 31, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Series
Emerging Markets Debt Fund

March 31, 2014 

1.924255.103

SED-QTLY-0514

Investments March 31, 2014 (Unaudited)

Showing Percentage of Net Assets

Nonconvertible Bonds - 37.7%

 

Principal Amount (c)

Value

Argentina - 2.5%

Aeropuertos Argentina 2000 SA:

10.75% 12/1/20 (e)

$ 4,598,820

$ 4,564,329

10.75% 12/1/20 (Reg. S)

469,800

466,277

Banco de Galicia y Buenos Aires SA 16% 1/1/19 (Reg. S)

130,000

137,475

City of Buenos Aires 9.95% 3/1/17 (e)

2,500,000

2,487,500

Empresa Distribuidora y Comercializadora Norte SA 9.75% 10/25/22 (e)

4,673,000

2,932,308

Inversiones y Representaciones SA:

8.5% 2/2/17 (Reg. S)

205,000

197,313

11.5% 7/20/20 (Reg. S)

10,000

10,400

Pan American Energy LLC 7.875% 5/7/21 (e)

2,840,000

2,896,800

Transportadora de Gas del Sur SA 9.625% 5/14/20 (e)

9,894,793

9,499,001

YPF SA 8.875% 12/19/18 (e)

5,040,000

5,260,500

TOTAL ARGENTINA

28,451,903

Bailiwick of Jersey - 0.5%

Polyus Gold International Ltd.:

5.625% 4/29/20 (e)

5,925,000

5,539,875

5.625% 4/29/20 (Reg. S)

550,000

514,250

TOTAL BAILIWICK OF JERSEY

6,054,125

Bermuda - 0.1%

Digicel Group Ltd. 8.25% 9/1/17 (e)

1,035,000

1,076,400

Brazil - 0.4%

Banco Daycoval SA 5.75% 3/19/19 (e)

1,645,000

1,661,450

Rearden G Holdings Eins GmbH 7.875% 3/30/20 (e)

2,290,000

2,375,875

TOTAL BRAZIL

4,037,325

British Virgin Islands - 1.0%

Arcos Dorados Holdings, Inc. 10.25% 7/13/16 (e)

BRL

12,822,000

5,184,744

Gold Fields Orogen Holding BVI Ltd.:

4.875% 10/7/20 (e)

3,600,000

3,114,000

4.875% 10/7/20 (Reg. S)

300,000

259,500

Magnesita Finance Ltd. 8.625% (e)(f)

1,895,000

1,807,356

Sinochem Overseas Capital Co. Ltd. 4.5% 11/12/20 (Reg. S)

1,700,000

1,755,702

TOTAL BRITISH VIRGIN ISLANDS

12,121,302

Canada - 0.6%

Pacific Rubiales Energy Corp.:

5.375% 1/26/19 (e)

1,750,000

1,815,625

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Canada - continued

Pacific Rubiales Energy Corp.: - continued

7.25% 12/12/21 (e)

$ 4,848,000

$ 5,320,680

Sino-Forest Corp. 6.25% 10/21/17 (b)(e)

3,220,000

0

TOTAL CANADA

7,136,305

Cayman Islands - 2.1%

Comcel Trust 6.875% 2/6/24 (e)

1,740,000

1,820,475

KWG Property Holding Ltd. 12.5% 8/18/17 (e)

1,830,000

1,976,400

Odebrecht Finance Ltd. 7.5% (e)(f)

8,250,000

8,311,875

Petrobras International Finance Co. Ltd.:

5.375% 1/27/21

4,045,000

4,090,793

6.875% 1/20/40

4,560,000

4,493,839

8.375% 12/10/18

3,055,000

3,559,448

TOTAL CAYMAN ISLANDS

24,252,830

El Salvador - 0.3%

Telemovil Finance Co. Ltd. 8% 10/1/17 (e)

3,314,000

3,541,838

Georgia - 0.9%

Georgia Bank Joint Stock Co.:

7.75% 7/5/17 (e)

4,315,000

4,600,869

7.75% 7/5/17 (Reg. S)

1,100,000

1,172,875

Georgian Oil & Gas Corp.:

6.875% 5/16/17 (e)

2,435,000

2,529,235

6.875% 5/16/17 (Reg. S)

450,000

467,415

JSC Georgian Railway 7.75% 7/11/22 (e)

1,565,000

1,672,985

TOTAL GEORGIA

10,443,379

Guatemala - 0.1%

Cementos Progreso Trust 7.125% 11/6/23 (e)

1,190,000

1,243,550

Indonesia - 2.6%

Perusahaan Penerbit SBSN 6.125% 3/15/19 (e)

2,710,000

2,960,675

PT Adaro Indonesia 7.625% 10/22/19 (e)

5,170,000

5,493,125

PT Gadjah Tunggal Tbk 7.75% 2/6/18 (e)

2,775,000

2,827,031

PT Pertamina Persero:

4.3% 5/20/23 (e)

1,880,000

1,694,350

4.3% 5/20/23 (Reg S.)

1,000,000

901,250

4.875% 5/3/22 (e)

3,520,000

3,383,600

5.25% 5/23/21 (e)

2,200,000

2,205,500

5.625% 5/20/43 (e)

3,134,000

2,652,148

5.625% 5/20/43 (Reg. S)

900,000

761,625

6% 5/3/42 (e)

3,845,000

3,402,825

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Indonesia - continued

PT Pertamina Persero: - continued

6.5% 5/27/41 (e)

$ 3,820,000

$ 3,605,125

6.5% 5/27/41 (Reg. S)

700,000

660,625

TOTAL INDONESIA

30,547,879

Ireland - 1.9%

CBOM Finance PLC 8.25% 8/5/14

2,220,000

2,225,550

MTS International Funding Ltd. 8.625% 6/22/20 (e)

7,160,000

8,162,400

Vimpel Communications OJSC 7.748% 2/2/21 (Issued by VIP Finance Ireland Ltd. for Vimpel Communications) (e)

6,025,000

6,168,094

Vnesheconombank Via VEB Finance PLC:

6.025% 7/5/22 (e)

1,845,000

1,796,661

6.8% 11/22/25 (e)

1,269,000

1,256,310

6.902% 7/9/20 (e)

2,340,000

2,448,108

TOTAL IRELAND

22,057,123

Kazakhstan - 1.9%

Development Bank of Kazakhstan JSC 4.125% 12/10/22 (e)

1,100,000

992,750

Kazagro National Management Holding JSC 4.625% 5/24/23 (e)

1,050,000

971,250

KazMunaiGaz Finance Sub BV:

6.375% 4/9/21 (e)

2,025,000

2,207,250

7% 5/5/20 (e)

2,385,000

2,689,088

9.125% 7/2/18 (e)

2,325,000

2,790,000

KazMunaiGaz National Co.:

4.4% 4/30/23 (e)

1,840,000

1,734,200

5.75% 4/30/43 (e)

3,020,000

2,718,000

Zhaikmunai Finance BV 10.5% 10/19/15 (e)

3,975,000

4,173,750

Zhaikmunai International BV:

7.125% 11/13/19 (e)

3,330,000

3,454,875

7.125% 11/13/19 (Reg. S)

450,000

466,875

TOTAL KAZAKHSTAN

22,198,038

Korea (South) - 0.2%

Export-Import Bank of Korea 6% 6/4/16 (Reg. S)

INR

104,200,000

1,673,381

Luxembourg - 3.2%

Alrosa Finance SA 7.75% 11/3/20 (e)

5,600,000

5,908,000

Aquarius Investments Luxemburg 8.25% 2/18/16

4,185,000

4,341,908

EVRAZ Group SA:

6.5% 4/22/20 (e)

1,915,000

1,599,025

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Luxembourg - continued

EVRAZ Group SA: - continued

8.25% 11/10/15 (e)

$ 6,970,000

$ 7,024,366

9.5% 4/24/18 (Reg. S)

2,650,000

2,689,750

RSHB Capital SA 6% 6/3/21 (e)(g)

1,305,000

1,275,638

SB Capital SA 5.5% 2/26/24 (e)(g)

2,880,000

2,696,400

TMK Capital SA 7.75% 1/27/18

6,370,000

6,131,125

Vimpel Communications 8.25% 5/23/16 (Reg. S) (Issued by UBS Luxembourg SA for Vimpel Communications)

5,120,000

5,401,349

TOTAL LUXEMBOURG

37,067,561

Malaysia - 0.1%

Petroliam Nasional Bhd (Petronas) 7.625% 10/15/26 (Reg. S)

900,000

1,190,246

Mexico - 5.7%

America Movil S.A.B. de CV 6.45% 12/5/22

MXN

40,400,000

2,882,163

Comision Federal de Electricid 5.75% 2/14/42 (e)

950,000

934,164

Credito Real S.A.B. de CV 7.5% 3/13/19 (e)

770,000

796,950

Gruma S.A.B. de CV 7.75% (Reg. S) (f)

5,914,000

6,002,710

Office Depot de Mexico SA de CV 6.875% 9/20/20 (e)

2,345,000

2,441,731

Petroleos Mexicanos:

3.5% 1/30/23

3,085,000

2,902,985

4.875% 1/24/22

2,585,000

2,701,325

4.875% 1/18/24

2,680,000

2,767,100

4.875% 1/18/24 (e)

140,000

145,082

5.5% 1/21/21

4,130,000

4,512,025

5.5% 6/27/44

4,555,000

4,395,575

6% 3/5/20

2,000,000

2,252,500

6.375% 1/23/45 (e)

5,150,000

5,598,823

6.5% 6/2/41

6,205,000

6,794,475

6.625% (e)(f)

12,615,000

12,930,375

8% 5/3/19

1,500,000

1,830,000

Tenedora Nemak SA de CV 5.5% 2/28/23 (e)

1,550,000

1,575,188

TV Azteca SA de CV 7.5% 5/25/18 (Reg. S)

4,885,000

5,147,569

TOTAL MEXICO

66,610,740

Netherlands - 4.0%

GTB Finance BV:

6% 11/8/18 (e)

3,040,000

3,002,000

7.5% 5/19/16 (e)

2,650,000

2,772,563

HSBK BV:

7.25% 5/3/17 (e)

2,625,000

2,791,688

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Netherlands - continued

HSBK BV: - continued

7.25% 5/3/17 (Reg. S)

$ 550,000

$ 584,925

Indo Energy Finance BV 7% 5/7/18 (e)

3,350,000

3,257,875

Indosat Palapa Co. BV:

7.375% 7/29/20 (e)

2,050,000

2,224,250

7.375% 7/29/20

750,000

813,750

Intergas Finance BV 6.375% 5/14/17 (Reg. S)

1,675,000

1,785,969

JSC Kazkommertsbank BV 8% 11/3/15 (e)

1,085,000

1,074,150

Kazkommerts International BV 7.875% 4/7/14 (Reg. S)

2,235,000

2,223,825

Listrindo Capital BV 6.95% 2/21/19 (e)

1,210,000

1,276,550

Majapahit Holding BV 7.75% 1/20/20 (e)

1,535,000

1,761,413

Metinvest BV:

8.75% 2/14/18 (Reg. S)

335,000

306,525

10.25% 5/20/15 (e)

5,370,000

5,208,900

10.25% 5/20/15 (Reg. S)

650,000

630,500

Mozambique Ematum Finance 2020 6.305% 9/11/20 (Reg. S)

2,635,000

2,516,425

Myriad International Holding BV 6% 7/18/20 (e)

1,495,000

1,622,075

Nord Gold NV 6.375% 5/7/18 (e)

4,605,000

4,271,138

Nostrum Oil & Gas Finance BV 6.375% 2/14/19 (e)

3,435,000

3,503,700

Petrobras Global Finance BV 2.3789% 1/15/19 (g)

4,690,000

4,578,613

TOTAL NETHERLANDS

46,206,834

Nigeria - 0.2%

FBN Finance Co. BV 8.25% 8/7/20 (e)(g)

1,720,000

1,780,200

Paraguay - 0.5%

BBVA Paraguay SA 9.75% 2/11/16 (e)

3,050,000

3,301,625

Telefonica Celular del Paraguay SA:

6.75% 12/13/22 (e)

1,820,000

1,917,825

6.75% 12/13/22 (Reg. S)

400,000

421,500

TOTAL PARAGUAY

5,640,950

Philippines - 0.6%

Development Bank of Philippines 8.375% (f)(g)

3,885,000

4,077,203

Power Sector Assets and Liabilities Management Corp.:

7.39% 12/2/24 (e)

1,600,000

2,010,080

7.39% 12/2/24 (Reg. S)

500,000

628,150

TOTAL PHILIPPINES

6,715,433

Turkey - 1.2%

Akbank T.A.S. 7.5% 2/5/18 (e)

TRY

4,645,000

1,864,122

Nonconvertible Bonds - continued

 

Principal Amount (c)

Value

Turkey - continued

Finansbank A/S:

5.15% 11/1/17 (e)

$ 5,880,000

$ 5,733,000

5.5% 5/11/16 (Reg. S)

2,700,000

2,700,000

Yapi ve Kredi Bankasi A/S 6.75% 2/8/17 (e)

3,690,000

3,894,795

TOTAL TURKEY

14,191,917

United Kingdom - 1.0%

Afren PLC:

6.625% 12/9/20 (e)

1,710,000

1,744,200

10.25% 4/8/19 (Reg. S)

1,565,000

1,782,144

Biz Finance PLC 8.375% 4/27/15 (Reg. S)

7,120,000

6,372,400

Ferrexpo Finance PLC 7.875% 4/7/16 (e)

1,645,000

1,579,200

Shortline PLC 9.5% 5/21/18 (e)

775,000

635,500

TOTAL UNITED KINGDOM

12,113,444

United States of America - 1.2%

Pemex Project Funding Master Trust:

6.625% 6/15/35

7,845,000

8,707,950

6.625% 6/15/38

285,000

310,650

8.625% 12/1/23

320,000

395,200

Southern Copper Corp.:

6.75% 4/16/40

1,760,000

1,791,226

7.5% 7/27/35

2,750,000

3,021,942

TOTAL UNITED STATES OF AMERICA

14,226,968

Venezuela - 4.9%

Petroleos de Venezuela SA:

4.9% 10/28/14

14,900,000

14,229,500

6% 11/15/26 (e)

3,965,000

2,151,013

8.5% 11/2/17 (e)

27,220,000

22,796,750

8.5% 11/2/17 (Reg. S)

3,600,000

3,015,000

9% 11/17/21 (Reg. S)

2,515,000

1,873,675

9.75% 5/17/35 (e)

11,090,000

7,846,175

12.75% 2/17/22 (e)

5,930,000

5,381,475

TOTAL VENEZUELA

57,293,588

TOTAL NONCONVERTIBLE BONDS

(Cost $437,792,448)


437,873,259

Government Obligations - 56.8%

 

Principal Amount (c)

Value

Argentina - 3.5%

Argentine Republic:

2.5% 12/31/38 (d)

$ 1,660,000

$ 697,200

7% 10/3/15

12,235,000

11,916,890

7% 4/17/17

11,925,000

10,650,350

8.28% 12/31/33

3,743,441

2,962,934

Buenos Aires Province 10.875% 1/26/21 (Reg. S)

3,200,000

2,800,000

City of Buenos Aires 12.5% 4/6/15 (e)

2,535,000

2,636,400

Provincia de Cordoba 12.375% 8/17/17 (e)

5,130,000

4,623,413

Provincia de Neuquen Argentina 7.875% 4/26/21 (Reg. S)

3,986,400

3,926,604

TOTAL ARGENTINA

40,213,791

Armenia - 0.5%

Republic of Armenia 6% 9/30/20 (e)

6,020,000

6,230,700

Aruba - 0.1%

Aruba Government 4.625% 9/14/23 (e)

1,670,000

1,586,500

Azerbaijan - 0.4%

Azerbaijan Rep 4.75% 3/18/24 (e)

1,600,000

1,606,400

State Oil Co. of Azerbaijan Republic:

4.75% 3/13/23 (Reg. S)

2,400,000

2,288,400

5.45% 2/9/17 (Reg. S)

765,000

805,163

TOTAL AZERBAIJAN

4,699,963

Bahamas (Nassau) - 0.2%

Bahamian Republic 6.95% 11/20/29 (e)

1,995,000

2,146,620

Bahrain - 0.2%

Bahrain Kingdom:

5.5% 3/31/20

1,100,000

1,182,500

6.125% 8/1/23 (e)

1,525,000

1,658,438

TOTAL BAHRAIN

2,840,938

Barbados - 0.1%

Barbados Government 7% 8/4/22 (e)

1,105,000

977,925

Belarus - 1.1%

Belarus Republic:

8.75% 8/3/15 (Reg. S)

10,230,000

10,357,875

8.95% 1/26/18

2,075,000

2,126,875

TOTAL BELARUS

12,484,750

Government Obligations - continued

 

Principal Amount (c)

Value

Bolivia - 0.5%

Plurinational State of Bolivia:

4.875% 10/29/22 (e)

$ 2,865,000

$ 2,836,350

5.95% 8/22/23 (e)

1,950,000

2,053,910

5.95% 8/22/23

400,000

421,315

TOTAL BOLIVIA

5,311,575

Brazil - 3.4%

Banco Nacional de Desenvolvimento Economico e Social 3.375% 9/26/16 (e)

2,340,000

2,383,875

Brazilian Federative Republic:

4.25% 1/7/25

1,760,000

1,702,800

5.625% 1/7/41

8,650,000

8,762,450

7.125% 1/20/37

7,810,000

9,362,238

8.25% 1/20/34

6,465,000

8,566,125

12.25% 3/6/30

4,755,000

8,238,038

TOTAL BRAZIL

39,015,526

Colombia - 1.4%

Colombian Republic:

6.125% 1/18/41

3,170,000

3,550,400

7.375% 9/18/37

3,450,000

4,416,000

10.375% 1/28/33

5,484,000

8,294,550

TOTAL COLOMBIA

16,260,950

Congo - 0.7%

Congo Republic 3.5% 6/30/29 (d)

9,514,357

8,574,814

Costa Rica - 0.3%

Costa Rican Republic:

4.25% 1/26/23 (e)

1,950,000

1,803,750

4.375% 4/30/25 (e)

1,120,000

1,002,400

5.625% 4/30/43 (e)

730,000

629,625

TOTAL COSTA RICA

3,435,775

Croatia - 1.6%

Croatia Republic:

5.5% 4/4/23 (e)

3,115,000

3,147,708

6% 1/26/24 (e)

1,150,000

1,196,000

6.25% 4/27/17 (e)

4,070,000

4,370,163

6.375% 3/24/21 (e)

3,120,000

3,361,800

Government Obligations - continued

 

Principal Amount (c)

Value

Croatia - continued

Croatia Republic: - continued

6.625% 7/14/20 (e)

$ 2,760,000

$ 3,019,440

6.75% 11/5/19 (e)

3,100,000

3,413,875

TOTAL CROATIA

18,508,986

Dominican Republic - 1.1%

Dominican Republic:

1.1593% 8/30/24 (g)

4,800,000

4,086,000

5.875% 4/18/24 (e)

1,650,000

1,637,625

5.875% 4/18/24

470,000

466,475

7.5% 5/6/21 (e)

3,710,000

4,136,650

9.04% 1/23/18 (e)

2,714,955

2,986,450

TOTAL DOMINICAN REPUBLIC

13,313,200

El Salvador - 0.3%

El Salvador Republic:

7.625% 2/1/41 (e)

1,000,000

983,000

7.65% 6/15/35 (Reg. S)

1,375,000

1,368,125

8.25% 4/10/32 (Reg. S)

1,150,000

1,219,000

TOTAL EL SALVADOR

3,570,125

Gabon - 0.1%

Gabonese Republic 6.375% 12/12/24 (e)

590,000

623,925

Georgia - 0.2%

Georgia Republic 6.875% 4/12/21 (e)

2,175,000

2,364,225

Hungary - 1.2%

Hungarian Republic:

4.125% 2/19/18

3,398,000

3,448,970

5.375% 3/25/24

1,704,000

1,707,408

5.75% 11/22/23

2,793,000

2,883,773

7.625% 3/29/41

5,188,000

5,979,170

TOTAL HUNGARY

14,019,321

Indonesia - 4.5%

Indonesian Republic:

3.375% 4/15/23 (e)

1,615,000

1,441,388

4.875% 5/5/21 (e)

4,990,000

5,114,750

5.25% 1/17/42 (e)

3,195,000

2,895,469

5.375% 10/17/23

2,150,000

2,230,625

5.875% 3/13/20 (e)

4,695,000

5,129,288

6.625% 2/17/37 (e)

3,100,000

3,286,000

6.75% 1/15/44 (e)

3,770,000

4,123,438

Government Obligations - continued

 

Principal Amount (c)

Value

Indonesia - continued

Indonesian Republic: - continued

6.875% 1/17/18 (e)

$ 3,730,000

$ 4,238,213

7.75% 1/17/38 (e)

5,630,000

6,671,550

8.5% 10/12/35 (Reg. S)

7,320,000

9,296,400

11.625% 3/4/19 (e)

5,750,000

7,784,063

TOTAL INDONESIA

52,211,184

Iraq - 0.7%

Republic of Iraq 5.8% 1/15/28 (Reg. S)

9,750,000

8,580,000

Ivory Coast - 0.2%

Ivory Coast 7.7743% 12/31/32 (d)

2,665,000

2,498,438

Jordan - 0.2%

Jordanian Kingdom 3.875% 11/12/15

2,425,000

2,421,969

Lebanon - 1.7%

Lebanese Republic:

4% 12/31/17

8,982,000

8,892,180

4.75% 11/2/16

1,780,000

1,788,900

5.15% 11/12/18

2,650,000

2,631,450

5.45% 11/28/19

3,705,000

3,668,321

6.375% 3/9/20

2,570,000

2,647,100

TOTAL LEBANON

19,627,951

Lithuania - 0.6%

Lithuanian Republic:

6.125% 3/9/21 (e)

3,125,000

3,570,938

6.625% 2/1/22 (e)

2,745,000

3,241,159

6.625% 2/1/22 (Reg.S)

200,000

236,150

TOTAL LITHUANIA

7,048,247

Mexico - 2.9%

Comision Federal de Electricid 5.75% 2/14/42 (Reg. S)

600,000

589,999

United Mexican States:

4.75% 3/8/44

7,358,000

6,990,100

5.55% 1/21/45

1,060,000

1,126,250

5.75% 10/12/2110

3,254,000

3,197,055

6.05% 1/11/40

8,232,000

9,363,900

6.75% 9/27/34

6,535,000

7,972,700

7.5% 4/8/33

1,800,000

2,362,500

8.3% 8/15/31

1,740,000

2,431,650

TOTAL MEXICO

34,034,154

Government Obligations - continued

 

Principal Amount (c)

Value

Morocco - 0.3%

Moroccan Kingdom:

4.25% 12/11/22 (e)

$ 2,805,000

$ 2,720,850

5.5% 12/11/42 (e)

1,250,000

1,159,375

TOTAL MOROCCO

3,880,225

Namibia - 0.2%

Republic of Namibia 5.5% 11/3/21 (e)

1,670,000

1,749,325

Netherlands - 0.2%

Republic of Angola 7% 8/16/19 (Issued by Northern Lights III BV for Republic of Angola) (Reg. S)

2,100,000

2,296,875

Nigeria - 0.7%

Central Bank of Nigeria warrants 11/15/20 (h)

3,750

661,838

Republic of Nigeria:

5.125% 7/12/18 (e)

2,150,000

2,196,225

6.375% 7/12/23 (e)

1,160,000

1,199,150

6.75% 1/28/21 (e)

1,100,000

1,174,250

11.9949% to 12.1833% 4/24/14

NGN

494,275,000

2,973,218

TOTAL NIGERIA

8,204,681

Pakistan - 0.7%

Islamic Republic of Pakistan:

7.125% 3/31/16 (e)

8,056,000

8,237,260

7.125% 3/31/16 (Reg. S)

100,000

102,250

TOTAL PAKISTAN

8,339,510

Panama - 0.4%

Panamanian Republic:

4.3% 4/29/53

1,480,000

1,211,750

6.7% 1/26/36

1,300,000

1,527,500

8.875% 9/30/27

1,265,000

1,748,863

9.375% 4/1/29

410,000

581,380

TOTAL PANAMA

5,069,493

Paraguay - 0.1%

Republic of Paraguay 4.625% 1/25/23 (e)

625,000

618,750

Peru - 1.0%

Peruvian Republic:

4% 3/7/27 (d)

3,350,000

3,350,000

Government Obligations - continued

 

Principal Amount (c)

Value

Peru - continued

Peruvian Republic: - continued

5.625% 11/18/50

$ 660,000

$ 701,250

8.75% 11/21/33

4,850,000

7,081,000

TOTAL PERU

11,132,250

Philippines - 1.7%

Philippine Republic:

7.75% 1/14/31

4,860,000

6,646,050

9.5% 2/2/30

5,135,000

7,991,344

10.625% 3/16/25

3,535,000

5,501,344

TOTAL PHILIPPINES

20,138,738

Romania - 0.9%

Romanian Republic:

4.375% 8/22/23 (e)

2,308,000

2,264,725

6.125% 1/22/44 (e)

3,368,000

3,554,924

6.75% 2/7/22 (e)

4,011,000

4,672,815

6.75% 2/7/22

400,000

466,000

TOTAL ROMANIA

10,958,464

Russia - 5.0%

Russian Federation:

4.875% 9/16/23 (e)

1,600,000

1,582,000

5.625% 4/4/42 (e)

4,800,000

4,644,000

5.875% 9/16/43 (e)

1,800,000

1,768,500

7.5% 3/31/30 (Reg. S)

26,249,200

29,858,442

12.75% 6/24/28 (Reg. S)

12,720,000

20,733,600

TOTAL RUSSIA

58,586,542

Serbia - 1.2%

Republic of Serbia:

5.25% 11/21/17 (e)

1,580,000

1,639,250

5.875% 12/3/18 (e)

3,410,000

3,606,075

6.75% 11/1/24 (e)

6,385,603

6,409,549

7.25% 9/28/21 (e)

2,200,000

2,464,220

TOTAL SERBIA

14,119,094

South Africa - 0.1%

South African Republic 5.875% 9/16/25

1,195,000

1,284,625

Sri Lanka - 1.3%

Democratic Socialist Republic of Sri Lanka:

5.875% 7/25/22 (e)

1,195,000

1,200,975

Government Obligations - continued

 

Principal Amount (c)

Value

Sri Lanka - continued

Democratic Socialist Republic of Sri Lanka: - continued

5.875% 7/25/22

$ 785,000

$ 788,925

6% 1/14/19 (e)

2,615,000

2,735,944

6.25% 10/4/20 (e)

5,090,000

5,331,775

6.25% 7/27/21 (e)

2,520,000

2,623,950

7.4% 1/22/15 (e)

2,210,000

2,292,875

TOTAL SRI LANKA

14,974,444

Tanzania - 0.2%

United Republic of Tanzania 6.332% 3/9/20 (g)

2,260,000

2,392,775

Turkey - 5.6%

Export Credit Bank of Turkey 5.375% 11/4/16 (e)

2,240,000

2,331,392

Turkish Republic:

5.125% 3/25/22

2,815,000

2,820,630

5.625% 3/30/21

3,275,000

3,415,825

6% 1/14/41

3,130,000

3,075,225

6.25% 9/26/22

3,125,000

3,357,813

6.75% 4/3/18

4,400,000

4,848,800

6.75% 5/30/40

3,965,000

4,238,585

6.875% 3/17/36

7,770,000

8,422,680

7% 3/11/19

2,870,000

3,200,050

7.25% 3/5/38

4,825,000

5,464,313

7.375% 2/5/25

7,725,000

8,860,575

7.5% 7/14/17

2,875,000

3,231,845

7.5% 11/7/19

3,975,000

4,553,363

8% 2/14/34

1,900,000

2,303,750

11.875% 1/15/30

2,920,000

4,686,600

TOTAL TURKEY

64,811,446

Ukraine - 1.9%

Ukraine Financing of Infrastructure Projects State Enterprise 8.375% 11/3/17 (e)

3,975,000

3,458,250

Ukraine Government:

7.75% 9/23/20 (e)

1,920,000

1,795,200

7.8% 11/28/22 (e)

2,400,000

2,223,000

7.8% 11/28/22

250,000

231,563

7.95% 6/4/14 (e)

6,860,000

6,724,172

7.95% 6/4/14 (Reg.S)

2,260,000

2,215,252

7.95% 2/23/21

350,000

329,000

Government Obligations - continued

 

Principal Amount (c)

Value

Ukraine - continued

Ukraine Government: - continued

7.95% 2/23/21 (e)

$ 1,200,000

$ 1,128,000

9.25% 7/24/17 (e)

3,515,000

3,444,700

TOTAL UKRAINE

21,549,137

United Arab Emirates - 0.2%

United Arab Emirates 7.75% 10/5/20 (Reg. S)

1,540,000

1,927,310

United States of America - 0.6%

U.S. Treasury Bonds 3.625% 8/15/43

7,289,000

7,377,838

Uruguay - 0.6%

Uruguay Republic 7.875% 1/15/33 pay-in-kind

4,940,000

6,471,400

Venezuela - 5.1%

Venezuelan Republic:

oil recovery rights 4/15/20 (h)

57,010

1,382,493

5.75% 2/26/16 (Reg S.)

4,300,000

3,735,625

6% 12/9/20

2,680,000

1,815,700

7% 3/31/38

2,400,000

1,464,000

8.5% 10/8/14

7,200,000

7,074,000

9% 5/7/23 (Reg. S)

10,985,000

8,156,363

9.25% 9/15/27

2,470,000

1,840,150

9.25% 5/7/28 (Reg. S)

3,990,000

2,912,700

9.375% 1/13/34

3,460,000

2,537,910

11.75% 10/21/26 (Reg. S)

5,680,000

4,842,200

11.95% 8/5/31 (Reg. S)

10,185,000

8,657,250

12.75% 8/23/22

10,290,000

9,466,800

13.625% 8/15/18

5,005,000

4,979,975

TOTAL VENEZUELA

58,865,166

Vietnam - 1.0%

Vietnamese Socialist Republic:

1.1875% 3/12/16 (g)

1,527,304

1,344,028

4% 3/12/28 (d)

8,288,750

7,376,987

6.875% 1/15/16 (e)

2,740,000

2,945,500

TOTAL VIETNAM

11,666,515

Zambia - 0.1%

Republic of Zambia 5.375% 9/20/22 (e)

1,335,000

1,139,756

TOTAL GOVERNMENT OBLIGATIONS

(Cost $654,413,135)


660,155,911

Sovereign Loan Participations - 0.5%

 

Principal Amount (c)

Value

Indonesia - 0.5%

Indonesian Republic loan participation:

Goldman Sachs 1.1875% 12/14/19 (g)

$ 3,588,194

$ 3,426,726

Mizuho 1.1875% 12/14/19 (g)

2,898,051

2,767,639

TOTAL SOVEREIGN LOAN PARTICIPATIONS

(Cost $6,229,014)


6,194,365

Preferred Securities - 1.3%

 

 

 

 

Brazil - 0.7%

Cosan Overseas Ltd. 8.25% (f)

2,550,000

2,639,877

Globo Comunicacoes e Participacoes SA 6.25% (d)(e)(f)

5,560,000

5,920,435

TOTAL BRAZIL

8,560,312

British Virgin Islands - 0.0%

Magnesita Finance Ltd. 8.625% (Reg. S) (f)

300,000

292,306

Cayman Islands - 0.4%

CSN Islands XII Corp. 7% (Reg. S) (f)

4,915,000

4,296,752

Odebrecht Finance Ltd. 7.5% (Reg. S) (f)

300,000

303,351

TOTAL CAYMAN ISLANDS

4,600,103

India - 0.2%

Reliance Industries Ltd.:

5.875% (e)(f)

2,000,000

1,832,852

5.875% (Reg. S) (f)

300,000

274,928

TOTAL INDIA

2,107,780

TOTAL PREFERRED SECURITIES

(Cost $16,285,577)


15,560,501

Money Market Funds - 2.6%

Shares

Value

Fidelity Cash Central Fund, 0.10% (a)
(Cost $30,022,372)

30,022,372

$ 30,022,372

TOTAL INVESTMENT PORTFOLIO - 98.9%

(Cost $1,144,742,546)

1,149,806,408

NET OTHER ASSETS (LIABILITIES) - 1.1%

12,754,664

NET ASSETS - 100%

$ 1,162,561,072

Currency Abbreviations

BRL

-

Brazilian real

INR

-

Indian rupee

MXN

-

Mexican peso

NGN

-

Nigerian naira

TRY

-

Turkish Lira

Legend

(a) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(b) Non-income producing - Security is in default.

(c) Amount is stated in United States dollars unless otherwise noted.

(d) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(e) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $499,052,231 or 42.9% of net assets.

(f) Security is perpetual in nature with no stated maturity date.

(g) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(h) Quantity represents share amount.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Cash Central Fund

$ 11,415

Other Information

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

The following is a summary of the inputs used, as of March 31, 2014, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities:

Corporate Bonds

$ 437,873,259

$ -

$ 437,873,259

$ -

Government Obligations

660,155,911

-

656,805,911

3,350,000

Sovereign Loan Participations

6,194,365

-

-

6,194,365

Preferred Securities

15,560,501

-

15,560,501

-

Money Market Funds

30,022,372

30,022,372

-

-

Total Investments in Securities:

$ 1,149,806,408

$ 30,022,372

$ 1,110,239,671

$ 9,544,365

Income Tax Information

At March 31, 2014, the cost of investment securities for income tax purposes was $1,134,944,735. Net unrealized appreciation aggregated $14,861,673, of which $40,667,307 related to appreciated investment securities and $25,805,634 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Corporate bonds, foreign government and government agency obligations, preferred securities, U.S. government and government agency obligations and sovereign loan participations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances. The Fund invests a significant portion of its assets in below investment grade securities. The value of these securities can be more volatile due to changes in the credit quality of the issuer and is sensitive to changes in economic, market and regulatory conditions.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Credit Risk

The Fund's relatively large investment in countries with limited or developing capital markets may involve greater risks than investments in more developed markets and the prices of such investments may be volatile. The yields of emerging market debt obligations reflect, among other things, perceived credit risk. The consequences of political, social or economic changes in these markets may have disruptive effects on the market prices of the Fund's investments and the income they generate, as well as the Fund's ability to repatriate such amounts.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please

see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Hastings Street Trust's (the "Trust") disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the Trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Hastings Street Trust

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

May 30, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:

/s/Kenneth B. Robins

 

Kenneth B. Robins

 

President and Treasurer

 

 

Date:

May 30, 2014

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

May 30, 2014