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N-1A
0.1909
-0.0422
0.0187
0.0151
0.1570
0.1066
-0.0466
0.1046
0.0475
-0.0060
-0.0856
FIDELITY HASTINGS STREET TRUST
Fund Summary
Fund:Fidelity® Series Emerging Markets Debt Fund
Investment Objective
The fund seeks high total return.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.
Shareholder fees
0
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
0
0
0.0000
0.0000
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual
operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses
or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end
of each time period indicated:
0
0
0
0
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are
held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 29% of the average value of its portfolio.
0.29
Principal Investment Strategies
Normally investing at least 80% of assets in debt securities of issuers in emerging markets (countries that have an emerging
stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank,
and other countries or markets with similar emerging characteristics) and other debt investments that are tied economically
to emerging markets.
Potentially investing in other types of securities, including debt securities of non-emerging market foreign issuers and lower-quality
debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds)
of U.S. issuers.
Allocating investments across different emerging market countries.
Analyzing a security's structural features and current pricing, trading opportunities, and the credit, currency, and economic
risks of the security and its issuer to select investments.
Principal Investment Risks
Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.
Foreign and Emerging Market Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory
oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and
financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information
available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties
and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently
from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities
or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the
credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity
to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.
In addition, the fund is classified as non-diversified under the Investment Company Act of 1940 (1940 Act), which means that
it has the ability to invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified
fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. You could lose money by investing in the fund.
In addition, the fund is classified as non-diversified under the Investment Company Act of 1940 (1940 Act), which means that
it has the ability to invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified
fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency.
You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance
of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Visit www.fidelity.com for more recent performance information.
The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance
of the fund's shares to the performance of a securities market index over various periods of time.
Past performance (before and after taxes) is not an indication of future performance.
www.fidelity.com
Year-by-Year Returns
Highest Quarter Return
0.1287
2020-06-30
Lowest Quarter Return
-0.1485
2020-03-31
Average Annual Returns
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect
the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement,
such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a
tax benefit of realizing a capital loss upon the sale of fund shares.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect
the impact of state or local taxes.
The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement,
such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).
Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a
tax benefit of realizing a capital loss upon the sale of fund shares.
Return Before Taxes
-0.0060
0.0394
0.0517
Return After Taxes on Distributions
-0.0239
0.0151
0.0263
Return After Taxes on Distributions and Sale of Fund Shares
-0.0036
0.0195
0.0285
J.P. Morgan Emerging Markets Bond Index Global
-0.0151
0.0447
0.0495
Fund Summary
Fund:Fidelity® Series Emerging Markets Debt Local Currency Fund
Investment Objective
The fund seeks high total return.
Fee Table
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund.
Shareholder fees
0
Annual Operating Expenses
(expenses that you pay each year as a % of the value of your investment)
0
0
0.0003
0.0003
0.0000
April 30, 2025
This example helps compare the cost of investing in the fund with the cost of investing in other funds.
Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual
operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses
or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end
of each time period indicated:
0
0
6
28
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are
held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 65% of the average value of its portfolio.
0.65
Principal Investment Strategies
Normally investing at least 80% of assets in debt securities of issuers in emerging markets and other debt investments that
are tied economically to emerging markets and denominated in the local currency of the issuer. Emerging markets include countries
that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified
by currency of the World Bank, and other countries or markets with similar emerging characteristics. Emerging markets tend
to have relatively low gross national product per capita compared to the world’s major economies and may have the potential
for rapid economic growth.
Potentially investing in other types of securities, including debt securities of non-emerging market foreign issuers and lower-quality
debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds)
of U.S. issuers.
Allocating investments across different emerging market countries.
Actively managing the fund’s currency exposures.
Utilizing forward foreign currency exchange contracts for both hedging and non-hedging purposes.
Analyzing a security's structural features and current pricing, trading opportunities, and the credit, currency, and economic
risks of the security and its issuer to select investments.
Principal Investment Risks
Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.
Foreign and Emerging Market Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse
issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. The extent of economic development; political stability; market depth, infrastructure, and capitalization; and regulatory
oversight can be less than in more developed markets. Emerging markets typically have less established legal, accounting and
financial reporting systems than those in more developed markets, which may reduce the scope or quality of financial information
available to investors. Emerging markets can be subject to greater social, economic, regulatory, and political uncertainties
and can be extremely volatile. Foreign exchange rates also can be extremely volatile.
Foreign Currency Transactions. The fund may enter into forward foreign currency exchange contracts for both hedging and non-hedging purposes. A forward foreign
currency exchange contract, which involves an obligation to purchase or sell a specific currency at a future date at a price
set at the time of the contract, reduces a fund’s exposure to changes in the value of the currency it will deliver and
increases its exposure to changes in the value of the currency it will receive for the duration of the contract. Foreign exchange
rates can be extremely volatile and the degree of volatility of the market or in the direction of the market from that anticipated
by the Adviser may result in losses to the fund.
Currency Exposure. Because the fund is normally heavily exposed to foreign currencies, it could experience losses based solely on the weakness
of foreign currencies versus the U.S. dollar and changes in the exchange rates between foreign currencies and the U.S. dollar.
Currency risk may be particularly high to the extent that a fund invests in foreign currencies or engages in foreign currency
transactions that are economically tied to emerging market countries. These emerging markets currency transactions may present
market, credit, currency, liquidity, legal, political and other risks different from, or greater than, the risks of investing
in developed foreign currencies or engaging in foreign currency transactions that are economically tied to developed foreign
countries.
Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently
from, the market as a whole. Lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities
or junk bonds) and certain types of other securities involve greater risk of default or price changes due to changes in the
credit quality of the issuer. The value of lower-quality debt securities and certain types of other securities can be more volatile due to increased sensitivity
to adverse issuer, political, regulatory, market, or economic developments and can be difficult to resell.
In addition, the fund is classified as non-diversified under the Investment Company Act of 1940 (1940 Act), which means that
it has the ability to invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified
fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency. You could lose money by investing in the fund.
In addition, the fund is classified as non-diversified under the Investment Company Act of 1940 (1940 Act), which means that
it has the ability to invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified
fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than
would occur in a more diversified fund.
An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation
or any other government agency.
You could lose money by investing in the fund.
Performance
The following information is intended to help you understand the risks of investing in the fund. The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's
shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance.
Visit www.fidelity.com for more recent performance information.
The information illustrates the performance of the fund's shares over the past year and compares the performance of the fund's
shares to the performance of a securities market index over various periods of time.
Past performance (before and after taxes) is not an indication of future performance.
www.fidelity.com
Year-by-Year Returns
Highest Quarter Return
0.0349
2021-06-30
Lowest Quarter Return
-0.0656
2021-03-31
Average Annual Returns
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect
the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement,
such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a
tax benefit of realizing a capital loss upon the sale of fund shares.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect
the impact of state or local taxes.
The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement,
such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan).
Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a
tax benefit of realizing a capital loss upon the sale of fund shares.
Return Before Taxes
-0.0856
Return After Taxes on Distributions
-0.1028
Return After Taxes on Distributions and Sale of Fund Shares
-0.0505
J.P. Morgan GBI-EM Global Diversified Index
-0.0875
2020-10-30