FIDELITY HASTINGS STREET TRUST Form N-CSR Filed 2024-02-22

^AAmounts may reflect rounding.

The following table(s) present(s) fees billed by PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):

Services Billed by PwC


	December 31, 2023^A	December 31, 2022^A
Audit-Related Fees	$8,284,200	$7,914,600
Tax Fees	$1,000	$1,000
All Other Fees	$-	$-

^A Amounts may reflect rounding.

“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.

“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.

“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.

Assurance services must be performed by an independent public accountant.

* * *

The aggregate non-audit fees billed by PwC for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:


Billed By	December 31, 2023^A	December 31, 2022^A
PwC	$13,619,700	$12,913,400

^A Amounts may reflect rounding.

The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by PwC to Fund Service Providers to be compatible with maintaining the independence of PwC in its(their) audit of the Fund(s), taking into account representations from PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.

Audit Committee Pre-Approval Policies and Procedures

The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.

All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.

Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.

Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)

There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal

years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).

The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.

Item 5.

Audit Committee of Listed Registrants

Not applicable.

Item 6.

Investments

(a)

Not applicable.

(b)

Not applicable.

Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8.

Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9.

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable.

Item 10.

Submission of Matters to a Vote of Security Holders

There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.

Item 11.

Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s 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 period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies

Not applicable.

Item 18.

Recovery of Erroneously Awarded Compensation

(a)

Not applicable.

(b)

Not applicable.

Item 19.

Exhibits

Exhibit EX-99.CERT

I, Stacie M. Smith, certify that:

I have reviewed this report on Form N-CSR of Fidelity Hastings Street Trust;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

February 22, 2024

/s/Stacie M. Smith

Stacie M. Smith

President and Treasurer

I, John J. Burke III, certify that:

I have reviewed this report on Form N-CSR of Fidelity Hastings Street Trust;

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

February 22, 2024

/s/John J. Burke III

John J. Burke III

Chief Financial Officer

Fidelity Investments

FIDELITY FUNDS’

CODE OF ETHICS

FOR PRESIDENT, TREASURER

AND PRINCIPAL ACCOUNTING OFFICER

2023

FIDELITY FUNDS’ CODE OF ETHICS FOR

PRESIDENT, TREASURER AND PRINCIPAL ACCOUNTING OFFICER

I. Purposes of the Code/Covered Officers

This document constitutes the Code of Ethics (Code) adopted by the Fidelity Funds (Funds) pursuant to Section 406 of the Sarbanes-Oxley Act of 2002. The Code applies to the Fidelity Funds’ President and Treasurer, and Chief Financial Officer (Covered Officers). Fidelity’s Ethics Office, within Enterprise Compliance, administers the Code.

The purposes of the Code are to deter wrongdoing and to promote, on the part of the Covered Officers:

honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

full, fair, accurate, timely and understandable disclosure in reports and documents that the Fidelity Funds submit to the Securities and Exchange Commission (SEC), and in other public communications by a Fidelity Fund;

compliance with applicable laws and governmental rules and regulations;

the prompt internal reporting to an appropriate person or persons identified in the Code of violations of the Code; and

accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

II.

Covered Officers Should Handle Ethically

Actual and Apparent Conflicts of Interest

Overview. A “conflict of interest” occurs when a Covered Officer’s private interest interferes with the interests of, or their service to, the Fidelity Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of their family, receives improper personal benefits as a result of their position with the Fidelity Funds.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fidelity Funds and already are subject to conflict of interest provisions in the Investment Company Act of 1940 (Investment Company Act) and the Investment Advisers Act of 1940 (Investment Advisers Act). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Fidelity Fund because of their status as “affiliated persons” of the Fund. Separate compliance programs and procedures of the Fidelity Funds, Fidelity Management & Research Company (FMR) and the other Fidelity companies are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fidelity Funds, FMR or another Fidelity company), be involved in establishing policies and implementing decisions that have different effects on the Fidelity Funds, FMR and other Fidelity companies. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) and is consistent with the performance by the Covered Officers of their duties as officers of the Fidelity Funds. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the Funds’ Board of Trustees (Board) that the Covered Officers also may be officers or employees of one or more other Fidelity Funds covered by this Code.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of a Fidelity Fund.

* * *

Each Covered Officer must:

not use their personal influence or personal relationships improperly to influence investment decisions or financial reporting by any Fidelity Fund whereby the Covered Officer would benefit personally to the detriment of any Fidelity Fund;

not cause a Fidelity Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fidelity Fund;

not engage in any outside business activity, including serving as a director or trustee, that prevents the Covered Officer from devoting appropriate time and attention to the Covered Officer’s responsibilities with the Fidelity Funds;

not have a consulting or employment relationship with any of the Fidelity Funds’ service providers that are not affiliated with Fidelity; and

not retaliate against any employee or Covered Officer for reports of actual or potential misconduct, which are made in good faith.

With respect to other fact patterns, if a Covered Officer is in doubt, other potential conflict of interest situations should be described immediately to the Fidelity Ethics Office for resolution. Similarly, any questions a Covered Officer has generally regarding the application or interpretation of the Code should be directed to the Fidelity Ethics Office immediately.

III. Disclosure and Compliance

Each Covered Officer should familiarize themself with the disclosure requirements generally applicable to the Fidelity Funds.

Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about any Fidelity Fund to others, whether within or outside Fidelity, including to the Board and auditors, and to governmental regulators and self-regulatory organizations;

Each Covered Officer should, to the extent appropriate within their area of responsibility, consult with other officers and employees of the Fidelity Funds, FMR and the Fidelity service providers, and with the Board’s Compliance Committee, with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fidelity Funds file with, or submit to, the SEC and in other public communications made by the Fidelity Funds; and

It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

IV. Reporting and Accountability

Each Covered Officer must:

upon receipt of the Code, and annually thereafter, submit to the Fidelity Ethics Office an acknowledgement stating that they have received, read, and understand the Code; and

notify the Fidelity Ethics Office promptly if they know of any violation of the Code. Failure to do so is itself a violation of this Code.

The Fidelity Ethics Office shall take all action it considers appropriate to investigate any actual or potential violations reported to it. Upon completion of the investigation, if necessary, the matter will be reviewed with senior management or other appropriate parties, and a determination will be made as to whether any action should be taken as detailed below. The Covered Officer will be informed of any action determined to be appropriate. The Fidelity Ethics Office will inform the Personal Trading Committee of all Code violations and actions taken in response. Without implied limitation, appropriate remedial, disciplinary or preventive action may include a written warning, a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law, notification of the SEC or other appropriate law enforcement authorities. Additionally, other legal remedies may be pursued.

The policies and procedures described in the Code do not create any obligations to any person or entity other than the Fidelity Funds. The Code is intended solely for the internal use by the Fidelity Funds and does not constitute a promise, contract or an admission by or on behalf of any Fidelity Fund as to any fact, circumstance, or legal conclusion. The Fidelity Funds, the Fidelity companies and the Fidelity Head of Ethics retain the discretion to decide whether the Code applies to a specific situation, and how it should be interpreted.

V. Oversight

Material violations of this Code will be reported promptly by FMR (or another Fidelity company) to the Board’s Compliance Committee. In addition, at least once each year, FMR (or another Fidelity company) will provide a written report to the Board, which describes any issues arising under the Code since the last report to the Board, including, but not limited to, information about material violations of the Code and action taken in response to the material violations.

VI. Other Policies and Procedures

This Code shall be the sole code of ethics adopted by the Fidelity Funds for purposes of Section 406 of the Sarbanes-Oxley Act. Other Fidelity policies or procedures that cover the behavior or activities of Covered Officers are separate requirements applying to the Covered Officers (and others) and are not part of this Code.

VII. Amendments

Any material amendments or changes to this Code must be approved or ratified by a majority vote of the Board, including a majority of the Trustees who are not interested persons of the Fidelity Funds.

VIII. Records and Confidentiality

Records of any violation of the Code and of the actions taken as a result of such violations will be kept by the Fidelity Ethics Office. All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Fidelity Ethics Office, the Personal Trading Committee, the Board, appropriate personnel at the relevant Fidelity company or companies and the legal counsel of any or all of the foregoing.

2023

Periods ended December 31, 2023	Past 1 year	Past 5 years	Past 10 years
Fidelity® Series Emerging Markets Debt Fund	12.47%	2.05%	3.40%

Top Bond Issuers (% of Fund's net assets)
(with maturities greater than one year)
U.S. Treasury Obligations	5.3
Petroleos Mexicanos	3.8
Dominican Republic	3.4
Turkish Republic	3.1
Colombian Republic	2.8
Indonesian Republic	2.6
Sultanate of Oman	2.5
State of Qatar	2.3
Arab Republic of Egypt	2.1
Republic of Nigeria	2.1
	30.0

Common Stocks - 0.0%
	Shares	Value ($)
Kazakhstan - 0.0%
Nostrum Oil & Gas LP warrants (g)(h) (Cost $0)	266,460	3

Preferred Securities - 1.3%
	Principal Amount (a)	Value ($)
Kuwait - 0.1%
NBK Tier 1 Financing 2 Ltd. 4.5% (b)(c)(i)	1,890,000	1,816,081
Mexico - 0.8%
Banco Mercantil del Norte SA:
6.75% (b)(c)(i)	1,970,000	1,943,222
7.625% (b)(c)(i)	3,300,000	3,232,466
CEMEX S.A.B. de CV:
5.125% (b)(c)(i)	3,625,000	3,484,030
9.125% (b)(c)(i)	1,175,000	1,251,948
TOTAL MEXICO		9,911,666
Russia - 0.0%
Tinkoff Credit Systems 6% (b)(c)(d)(h)(i)	1,625,000	81,250
United Arab Emirates - 0.4%
DP World Salaam 6% (Reg. S) (c)(i)	4,625,000	4,742,153
TOTAL PREFERRED SECURITIES (Cost $18,842,280)		16,551,150

Money Market Funds - 4.2%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (j) (Cost $54,493,561)	54,482,664	54,493,561


Date of fiscal year end:	December 31

Date of reporting period:	December 31, 2023

Nonconvertible Bonds - 32.3%
	Principal Amount (a)	Value ($)
Azerbaijan - 0.9%
Southern Gas Corridor CJSC 6.875% 3/24/26 (b)	9,951,000	10,090,936
State Oil Co. of Azerbaijan Republic 6.95% 3/18/30 (Reg. S)	2,010,000	2,111,128
TOTAL AZERBAIJAN		12,202,064
Bahrain - 0.7%
The Oil and Gas Holding Co.:
7.5% 10/25/27 (b)	6,889,000	7,250,673
8.375% 11/7/28 (b)	1,065,000	1,165,509
TOTAL BAHRAIN		8,416,182
Brazil - 2.2%
Adecoagro SA 6% 9/21/27 (b)	3,125,000	3,009,625
Aegea Finance SARL 9% 1/20/31 (b)	1,045,000	1,111,462
Azul Secured Finance LLP:
11.5% 5/28/29 (b)	3,722,238	3,166,806
11.93% 8/28/28 (b)	1,710,000	1,765,575
Braskem Netherlands BV:
5.875% 1/31/50 (b)	920,000	637,445
7.25% 2/13/33 (b)	1,470,000	1,223,775
CSN Islands XI Corp. 6.75% 1/28/28 (b)	1,250,000	1,210,950
CSN Resources SA:
5.875% 4/8/32 (b)	2,115,000	1,824,843
8.875% 12/5/30 (b)	955,000	991,195
Embraer Netherlands Finance BV:
5.4% 2/1/27	660,000	651,961
6.95% 1/17/28 (b)	1,620,000	1,663,643
7% 7/28/30 (b)	2,190,000	2,288,309
MARB BondCo PLC 3.95% 1/29/31 (b)	1,295,000	1,045,842
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b)	3,635,426	2,817,455
NBM U.S. Holdings, Inc. 6.625% 8/6/29 (b)	2,270,000	2,194,886
Nexa Resources SA 6.5% 1/18/28 (b)	1,580,000	1,580,316
Samarco Mineracao SA 9.0494% 6/30/31 pay-in-kind (b)(c)	710,000	592,673
TOTAL BRAZIL		27,776,761
Burkina Faso - 0.2%
Endeavour Mining PLC 5% 10/14/26 (b)	3,310,000	3,044,166
Cambodia - 0.2%
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S)	3,200,000	3,093,888
Chile - 1.7%
Antofagasta PLC:
2.375% 10/14/30 (b)	3,865,000	3,158,430
5.625% 5/13/32 (b)	1,390,000	1,380,444
Chile Electricity LUX MPC SARL 6.01% 1/20/33 (b)	1,040,000	1,069,250
Corporacion Nacional del Cobre de Chile (Codelco):
3% 9/30/29 (b)	2,000,000	1,778,750
3.15% 1/14/30 (b)	1,645,000	1,465,078
3.15% 1/15/51 (b)	1,865,000	1,215,747
3.7% 1/30/50 (b)	3,765,000	2,707,270
4.5% 8/1/47 (b)	1,970,000	1,611,460
5.125% 2/2/33 (b)	1,575,000	1,520,348
5.95% 1/8/34 (b)	955,000	965,983
Empresa Nacional de Petroleo 6.15% 5/10/33 (b)	585,000	585,357
Sable International Finance Ltd. 5.75% 9/7/27 (b)	2,287,000	2,164,760
VTR Comunicaciones SpA:
4.375% 4/15/29 (b)	933,000	442,009
5.125% 1/15/28 (b)	3,749,000	1,781,947
TOTAL CHILE		21,846,833
China - 1.6%
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b)	3,775,000	3,528,757
ENN Energy Holdings Ltd. 4.625% 5/17/27 (b)	3,430,000	3,379,408
Lenovo Group Ltd. 3.421% 11/2/30 (b)	2,915,000	2,568,873
Meituan:
2.125% 10/28/25 (b)	4,740,000	4,464,369
3.05% 10/28/30 (b)	1,995,000	1,681,346
Prosus NV:
3.061% 7/13/31 (b)	815,000	655,056
3.832% 2/8/51 (b)	1,590,000	999,713
4.027% 8/3/50 (b)	650,000	423,719
4.193% 1/19/32 (b)	3,505,000	3,009,919
TOTAL CHINA		20,711,160
Colombia - 1.5%
Ecopetrol SA 8.875% 1/13/33	2,900,000	3,143,781
Empresas Publicas de Medellin 4.375% 2/15/31 (b)	1,910,000	1,557,432
EnfraGen Energia Sur SA 5.375% 12/30/30 (b)	5,545,000	4,267,987
Gcm Mining Corp. 6.875% 8/9/26 (b)	3,895,000	3,378,913
GeoPark Ltd. 5.5% 1/17/27 (b)	2,685,000	2,365,190
Oleoducto Central SA 4% 7/14/27 (b)	2,483,000	2,296,502
Termocandelaria Power Ltd. 7.875% 1/30/29 (b)	3,041,875	2,963,927
TOTAL COLOMBIA		19,973,732
Costa Rica - 0.2%
Liberty Costa Rica SR SF 10.875% 1/15/31 (b)	2,280,000	2,338,072
Czech Republic - 0.1%
Energo-Pro A/S 11% 11/2/28 (b)	1,700,000	1,751,000
Georgia - 0.3%
JSC Georgian Railway 4% 6/17/28 (b)	3,580,000	3,279,056
Ghana - 1.1%
Kosmos Energy Ltd. 7.125% 4/4/26 (b)	9,060,000	8,623,988
Tullow Oil PLC:
7% 3/1/25 (b)	1,060,000	979,838
10.25% 5/15/26 (b)	5,670,000	5,035,669
TOTAL GHANA		14,639,495
Guatemala - 0.6%
CT Trust 5.125% 2/3/32 (b)	3,975,000	3,452,009
Investment Energy Resources Ltd. 6.25% 4/26/29 (b)	2,970,000	2,783,840
Millicom International Cellular SA 4.5% 4/27/31 (b)	2,050,000	1,701,357
TOTAL GUATEMALA		7,937,206
Hungary - 0.1%
Magyar Export-Import Bank 6.125% 12/4/27 (b)	1,070,000	1,088,565
India - 0.3%
CA Magnum Holdings 5.375% 10/31/26 (b)	3,545,000	3,296,850
Indonesia - 1.5%
Medco Bell Pte Ltd. 6.375% 1/30/27 (b)	3,120,000	2,991,300
Medco Laurel Tree PTE Ltd. 6.95% 11/12/28 (b)	3,730,000	3,533,653
PT Adaro Indonesia 4.25% 10/31/24 (b)	3,515,000	3,418,338
PT Freeport Indonesia:
4.763% 4/14/27 (b)	1,225,000	1,206,760
5.315% 4/14/32 (b)	2,085,000	2,039,391
6.2% 4/14/52 (b)	1,420,000	1,407,131
PT Indonesia Asahan Aluminium 5.45% 5/15/30 (b)	2,955,000	2,968,852
PT Pertamina Geothermal Energy 5.15% 4/27/28 (b)	1,140,000	1,142,138
TOTAL INDONESIA		18,707,563
Israel - 0.7%
Energean Israel Finance Ltd.:
4.875% 3/30/26 (Reg. S) (b)	3,470,000	3,192,400
8.5% 9/30/33 (Reg. S) (b)	1,300,000	1,239,875
Leviathan Bond Ltd.:
6.125% 6/30/25 (Reg. S) (b)	3,640,000	3,521,700
6.5% 6/30/27 (Reg. S) (b)	645,000	605,245
TOTAL ISRAEL		8,559,220
Kazakhstan - 0.6%
KazMunaiGaz National Co.:
3.5% 4/14/33 (b)	2,010,000	1,668,928
5.75% 4/19/47 (b)	1,010,000	884,697
Nostrum Oil & Gas Finance BV:
5% 6/30/26 (b)	3,543,000	1,596,299
14% 6/30/26 pay-in-kind (b)(c)	1,109,603	233,017
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b)	3,800,000	3,116,000
TOTAL KAZAKHSTAN		7,498,941
Kuwait - 0.3%
Meglobal BV 4.25% 11/3/26 (b)	1,930,000	1,862,450
MEGlobal Canada, Inc. 5% 5/18/25 (b)	1,635,000	1,615,380
TOTAL KUWAIT		3,477,830
Luxembourg - 0.1%
TMS Issuer SARL 5.78% 8/23/32 (b)	1,670,000	1,740,975
Malaysia - 1.0%
GENM Capital Labuan Ltd. 3.882% 4/19/31 (b)	3,610,000	3,074,141
MISC Capital Two (Labuan) Ltd.:
3.625% 4/6/25 (b)	945,000	923,756
3.75% 4/6/27 (b)	3,090,000	2,971,869
Petronas Capital Ltd.:
3.404% 4/28/61 (b)	5,315,000	3,777,902
3.5% 4/21/30 (b)	1,730,000	1,617,758
TOTAL MALAYSIA		12,365,426
Mauritius - 0.2%
AXIAN Telecom 7.375% 2/16/27 (b)	2,870,000	2,668,203
Mexico - 4.7%
Bimbo Bakeries U.S.A., Inc. 6.4% 1/15/34 (b)	2,285,000	2,529,198
Braskem Idesa SAPI:
6.99% 2/20/32 (b)	450,000	254,304
7.45% 11/15/29 (b)	2,825,000	1,736,528
Comision Federal de Electricidad:
3.348% 2/9/31 (b)	735,000	608,213
4.688% 5/15/29 (b)	3,085,000	2,900,864
Petroleos Mexicanos:
6.5% 3/13/27	1,725,000	1,603,172
6.5% 6/2/41	2,587,000	1,752,693
6.625% 6/15/35	15,841,000	12,049,061
6.7% 2/16/32	4,827,000	3,994,343
6.75% 9/21/47	10,407,000	6,808,780
6.875% 10/16/25	2,295,000	2,256,834
6.875% 8/4/26	2,485,000	2,401,504
6.95% 1/28/60	9,575,000	6,295,563
7.69% 1/23/50	16,573,000	11,787,546
TV Azteca SA de CV 8.25% (Reg. S) (d)	10,535,000	4,079,784
TOTAL MEXICO		61,058,387
Morocco - 0.4%
OCP SA:
3.75% 6/23/31 (b)	3,150,000	2,705,063
6.875% 4/25/44 (b)	2,320,000	2,199,650
TOTAL MOROCCO		4,904,713
Nigeria - 0.6%
Access Bank PLC 6.125% 9/21/26 (b)	3,295,000	2,954,173
IHS Holding Ltd. 5.625% 11/29/26 (b)	2,420,000	2,090,275
IHS Netherlands Holdco BV 8% 9/18/27 (b)	3,490,000	3,094,103
TOTAL NIGERIA		8,138,551
Oman - 0.1%
Lamar Funding Ltd. 3.958% 5/7/25 (b)	1,015,000	986,773
Panama - 0.5%
Aeropuerto Internacional de Tocumen SA 5.125% 8/11/61 (b)	1,230,000	922,586
C&W Senior Financing Designated Activity Co. 6.875% 9/15/27 (b)	2,060,000	1,915,924
Cable Onda SA 4.5% 1/30/30 (b)	4,955,000	4,286,075
TOTAL PANAMA		7,124,585
Paraguay - 0.3%
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b)	3,800,000	3,706,596
Peru - 0.3%
Camposol SA 6% 2/3/27 (b)	1,235,000	820,299
Compania de Minas Buenaventura SAA 5.5% 7/23/26 (b)	2,100,000	2,003,337
Volcan Compania Minera SAA 4.375% 2/11/26 (b)	1,345,000	813,725
TOTAL PERU		3,637,361
Qatar - 1.3%
Qatar Petroleum:
2.25% 7/12/31 (b)	7,425,000	6,310,879
3.125% 7/12/41 (b)	4,005,000	3,074,238
3.3% 7/12/51 (b)	9,800,000	7,140,280
TOTAL QATAR		16,525,397
Saudi Arabia - 2.8%
EIG Pearl Holdings SARL 3.545% 8/31/36 (b)	6,860,000	5,961,769
Greensaif Pipelines Bidco SARL:
6.129% 2/23/38 (b)	2,260,000	2,358,169
6.51% 2/23/42 (b)	1,685,000	1,772,936
SA Global Sukuk Ltd. 1.602% 6/17/26 (b)	2,530,000	2,343,413
Saudi Arabian Oil Co.:
2.25% 11/24/30 (b)	4,120,000	3,523,888
3.25% 11/24/50 (b)	4,170,000	2,939,433
3.5% 4/16/29 (b)	11,299,000	10,674,024
4.25% 4/16/39 (b)	3,505,000	3,104,116
4.375% 4/16/49 (b)	3,671,000	3,129,528
TOTAL SAUDI ARABIA		35,807,276
South Africa - 1.9%
Eskom Holdings SOC Ltd.:
6.35% 8/10/28 (b)	3,515,000	3,412,845
7.125% 2/11/25 (b)	8,380,000	8,372,144
8.45% 8/10/28 (b)	1,310,000	1,323,919
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b)	4,940,000	2,840,500
Sasol Financing U.S.A. LLC:
4.375% 9/18/26	5,555,000	5,166,150
8.75% 5/3/29 (b)	820,000	836,094
Stillwater Mining Co. 4% 11/16/26 (b)	2,210,000	1,955,850
TOTAL SOUTH AFRICA		23,907,502
Tanzania - 0.1%
HTA Group Ltd. 7% 12/18/25 (b)	1,915,000	1,880,913
Ukraine - 0.3%
Biz Finance PLC 9.75% 1/22/25 (b)	880,500	810,060
NAK Naftogaz Ukraine:
7.625% 11/8/28 (b)	1,235,000	568,100
7.65% (Reg. S) (d)	3,502,650	2,399,315
TOTAL UKRAINE		3,777,475
United Arab Emirates - 1.9%
Abu Dhabi National Energy Co. PJSC:
4% 10/3/49 (b)	2,460,000	2,067,015
4.696% 4/24/33 (b)	1,945,000	1,963,808
4.875% 4/23/30 (b)	545,000	558,391
DP World Crescent Ltd.:
3.7495% 1/30/30 (b)	1,075,000	1,009,103
3.875% 7/18/29 (Reg. S)	3,260,000	3,084,351
Galaxy Pipeline Assets BidCo Ltd. 2.625% 3/31/36 (b)	5,915,000	4,872,481
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b)	2,095,000	2,053,100
MDGH GMTN RSC Ltd.:
2.875% 11/7/29 (b)	1,515,000	1,378,256
3.375% 3/28/32 (Reg. S)	570,000	520,741
4.375% 11/22/33 (b)	1,715,000	1,668,455
5.084% 5/22/53 (b)	3,040,000	2,976,312
5.5% 4/28/33 (b)	1,620,000	1,714,316
TOTAL UNITED ARAB EMIRATES		23,866,329
United States of America - 0.3%
LCPR Senior Secured Financing DAC 5.125% 7/15/29 (b)	3,810,000	3,319,026
Uzbekistan - 0.1%
National Bank of Uzbekistan 4.85% 10/21/25 (Reg. S)	1,725,000	1,597,781
Venezuela - 0.4%
Petroleos de Venezuela SA:
5.375% (d)	6,115,000	651,248
5.5% (d)	3,475,000	373,563
6% (b)(d)	15,840,000	1,782,000
6% (b)(d)	8,980,000	987,601
9.75% (b)(d)	12,585,000	1,573,125
12.75% (b)(d)	3,065,000	398,450
TOTAL VENEZUELA		5,765,987
Vietnam - 0.2%
Mong Duong Finance Holdings BV 5.125% 5/7/29 (b)	2,596,247	2,408,019
TOTAL NONCONVERTIBLE BONDS (Cost $477,894,367)		414,825,859

Government Obligations - 60.4%
		Principal Amount (a)	Value ($)
Angola - 1.6%
Angola Republic:
8% 11/26/29 (b)		2,290,000	2,032,375
8.25% 5/9/28 (b)		5,065,000	4,659,800
8.75% 4/14/32 (b)		2,575,000	2,269,219
9.125% 11/26/49 (b)		3,555,000	2,901,769
9.375% 5/8/48 (b)		3,125,000	2,601,563
9.5% 11/12/25 (b)		5,565,000	5,474,569
TOTAL ANGOLA			19,939,295
Argentina - 1.7%
Argentine Republic:
0.75% 7/9/30 (e)		19,209,632	7,670,406
1% 7/9/29		4,963,783	1,966,055
3.625% 7/9/35 (e)		17,033,027	5,765,339
4.25% 1/9/38 (e)		10,211,997	4,029,858
Buenos Aires Province 6.375% 9/1/37 (b)(e)		2,255,000	867,048
Provincia de Cordoba 6.875% 12/10/25 (b)		1,223,630	1,119,621
TOTAL ARGENTINA			21,418,327
Armenia - 0.2%
Republic of Armenia 3.6% 2/2/31 (b)		3,805,000	3,101,075
Bahrain - 0.2%
Bahrain Kingdom 5.625% 5/18/34 (b)		3,055,000	2,760,956
Barbados - 0.2%
Barbados Government 6.5% 10/1/29 (b)		3,170,000	2,978,437
Benin - 0.1%
Republic of Benin 4.875% 1/19/32 (b)	EUR	1,920,000	1,725,474
Bermuda - 0.4%
Bermuda Government:
2.375% 8/20/30 (b)		525,000	449,138
3.375% 8/20/50 (b)		965,000	672,663
3.717% 1/25/27 (b)		620,000	598,881
4.75% 2/15/29 (b)		2,270,000	2,243,713
5% 7/15/32 (b)		1,005,000	989,925
TOTAL BERMUDA			4,954,320
Brazil - 1.6%
Brazilian Federative Republic:
3.875% 6/12/30		5,500,000	5,025,625
4.75% 1/14/50		4,150,000	3,185,125
5.625% 2/21/47		2,183,000	1,912,308
6% 10/20/33		1,880,000	1,876,898
7.125% 1/20/37		2,080,000	2,268,947
8.25% 1/20/34		5,204,000	6,109,964
TOTAL BRAZIL			20,378,867
Chile - 1.4%
Chilean Republic:
2.45% 1/31/31		7,745,000	6,728,469
3.1% 1/22/61		7,500,000	5,001,563
3.5% 1/31/34		1,775,000	1,580,305
4% 1/31/52		985,000	808,623
4.34% 3/7/42		1,410,000	1,256,222
5.33% 1/5/54		2,835,000	2,818,167
TOTAL CHILE			18,193,349
Colombia - 2.8%
Colombian Republic:
3% 1/30/30		10,600,000	8,913,938
3.125% 4/15/31		4,300,000	3,495,094
3.875% 2/15/61		1,490,000	925,197
4.125% 5/15/51		3,120,000	2,067,975
5% 6/15/45		8,500,000	6,560,938
5.2% 5/15/49		5,390,000	4,204,200
6.125% 1/18/41		1,475,000	1,338,102
7.375% 9/18/37		845,000	875,367
7.5% 2/2/34		1,110,000	1,169,316
8% 4/20/33		1,720,000	1,877,488
8% 11/14/35		1,785,000	1,950,670
8.75% 11/14/53		1,690,000	1,940,859
TOTAL COLOMBIA			35,319,144
Costa Rica - 1.2%
Costa Rican Republic:
5.625% 4/30/43 (b)		3,955,000	3,604,983
6.125% 2/19/31 (b)		3,720,000	3,802,538
6.55% 4/3/34 (b)		2,750,000	2,847,625
7% 4/4/44 (b)		1,965,000	2,048,513
7.3% 11/13/54 (b)		3,295,000	3,571,451
TOTAL COSTA RICA			15,875,110
Dominican Republic - 3.4%
Dominican Republic:
4.5% 1/30/30 (b)		7,180,000	6,596,625
4.875% 9/23/32 (b)		6,360,000	5,782,130
5.3% 1/21/41 (b)		2,450,000	2,119,250
5.875% 1/30/60 (b)		6,775,000	5,853,600
5.95% 1/25/27 (b)		4,186,000	4,194,707
6% 7/19/28 (b)		2,999,000	2,999,000
6.4% 6/5/49 (b)		1,662,000	1,562,280
6.5% 2/15/48 (b)		3,345,000	3,184,440
6.85% 1/27/45 (b)		4,046,000	4,023,747
7.05% 2/3/31 (b)		1,215,000	1,274,474
7.45% 4/30/44 (b)		6,031,000	6,383,814
TOTAL DOMINICAN REPUBLIC			43,974,067
Ecuador - 0.9%
Ecuador Republic:
2.5% 7/31/40 (b)(e)		2,800,000	882,000
3.5% 7/31/35 (b)(e)		14,640,000	5,189,880
6% 7/31/30 (b)(e)		11,715,000	5,424,045
TOTAL ECUADOR			11,495,925
Egypt - 2.1%
Arab Republic of Egypt:
5.875% 2/16/31 (b)		2,625,000	1,712,813
7.0529% 1/15/32 (b)		830,000	566,734
7.5% 1/31/27 (b)		5,596,000	4,700,640
7.5% 2/16/61 (b)		6,070,000	3,530,084
7.6003% 3/1/29 (b)		8,726,000	6,637,214
7.903% 2/21/48 (b)		3,265,000	1,960,020
8.5% 1/31/47 (b)		7,939,000	4,927,142
8.7002% 3/1/49 (b)		3,665,000	2,284,898
8.875% 5/29/50 (b)		1,945,000	1,234,467
TOTAL EGYPT			27,554,012
El Salvador - 0.3%
El Salvador Republic:
6.375% 1/18/27 (b)		435,000	381,984
7.1246% 1/20/50 (b)		3,292,000	2,323,946
7.625% 2/1/41 (b)		1,035,000	772,369
7.65% 6/15/35 (b)		1,185,000	919,486
TOTAL EL SALVADOR			4,397,785
Gabon - 0.4%
Gabonese Republic:
6.95% 6/16/25 (b)		2,410,000	2,287,241
7% 11/24/31 (b)		3,620,000	3,002,338
TOTAL GABON			5,289,579
Georgia - 0.2%
Georgia Republic 2.75% 4/22/26 (b)		2,915,000	2,725,525
Ghana - 0.7%
Ghana Republic:
7.75% (b)(d)		3,695,000	1,588,850
8.125% (b)(d)		1,603,076	731,904
8.125% (b)(d)		5,475,000	2,381,625
8.627% (b)(d)		2,845,000	1,202,013
10.75% 10/14/30 (b)		4,845,000	3,040,238
TOTAL GHANA			8,944,630
Guatemala - 0.7%
Guatemalan Republic:
4.9% 6/1/30 (b)		485,000	466,328
5.25% 8/10/29 (b)		1,200,000	1,174,800
5.375% 4/24/32 (b)		2,015,000	1,951,528
6.125% 6/1/50 (b)		1,355,000	1,281,830
6.6% 6/13/36 (b)		4,410,000	4,531,275
TOTAL GUATEMALA			9,405,761
Honduras - 0.1%
Republic of Honduras 6.25% 1/19/27 (b)		615,000	588,863
Hungary - 1.4%
Hungarian Republic:
2.125% 9/22/31 (b)		2,950,000	2,377,907
3.125% 9/21/51 (b)		5,810,000	3,925,410
5.25% 6/16/29 (b)		1,585,000	1,593,765
5.5% 6/16/34 (b)		2,890,000	2,927,859
6.25% 9/22/32 (b)		1,125,000	1,200,510
6.75% 9/25/52 (b)		3,800,000	4,253,074
7.625% 3/29/41		1,655,000	1,978,801
TOTAL HUNGARY			18,257,326
Indonesia - 2.6%
Indonesian Republic:
3.85% 10/15/30		2,650,000	2,522,469
5.125% 1/15/45 (b)		3,353,000	3,465,116
5.25% 1/17/42 (b)		3,000,000	3,121,125
5.45% 9/20/52		2,955,000	3,158,156
5.95% 1/8/46 (b)		2,100,000	2,357,250
6.625% 2/17/37 (b)		3,549,000	4,150,112
6.75% 1/15/44 (b)		3,035,000	3,716,927
7.75% 1/17/38 (b)		4,298,000	5,508,156
8.5% 10/12/35 (b)		4,169,000	5,534,348
TOTAL INDONESIA			33,533,659
Ivory Coast - 0.8%
Ivory Coast:
5.875% 10/17/31 (b)	EUR	5,335,000	5,267,487
6.375% 3/3/28 (b)		5,580,000	5,470,144
TOTAL IVORY COAST			10,737,631
Jamaica - 0.2%
Jamaican Government 7.875% 7/28/45		1,685,000	2,058,228
Jordan - 0.6%
Jordanian Kingdom:
5.85% 7/7/30 (b)		2,325,000	2,155,711
6.125% 1/29/26 (b)		985,000	980,383
7.375% 10/10/47 (b)		2,005,000	1,776,430
7.5% 1/13/29 (b)		1,410,000	1,425,863
7.75% 1/15/28 (b)		1,725,000	1,778,906
TOTAL JORDAN			8,117,293
Kenya - 0.9%
Republic of Kenya:
6.3% 1/23/34 (b)		4,105,000	3,294,263
6.875% 6/24/24 (b)		3,235,000	3,135,928
7% 5/22/27 (b)		3,745,000	3,510,938
7.25% 2/28/28 (b)		570,000	521,550
8% 5/22/32 (b)		685,000	618,213
TOTAL KENYA			11,080,892
Lebanon - 0.1%
Lebanese Republic:
5.8% (d)		5,875,000	339,035
6% (d)		1,587,000	92,740
6.1% (d)		685,000	39,530
6.375% (d)		7,072,000	416,894
TOTAL LEBANON			888,199
Mexico - 1.9%
United Mexican States:
3.25% 4/16/30		3,700,000	3,343,875
4.5% 4/22/29		2,040,000	2,006,850
4.75% 4/27/32		970,000	932,413
5.75% 10/12/2110		3,295,000	2,939,758
6.05% 1/11/40		10,222,000	10,308,248
6.338% 5/4/53		1,695,000	1,725,722
6.35% 2/9/35		2,485,000	2,599,155
TOTAL MEXICO			23,856,021
Mongolia - 0.1%
Mongolia Government:
5.125% 4/7/26 (b)		1,240,000	1,203,963
7.875% 6/5/29 (b)		490,000	501,079
TOTAL MONGOLIA			1,705,042
Morocco - 0.2%
Moroccan Kingdom 6.5% 9/8/33 (b)		2,740,000	2,888,131
Nigeria - 2.1%
Republic of Nigeria:
6.125% 9/28/28 (b)		4,880,000	4,318,800
6.5% 11/28/27 (b)		5,087,000	4,638,708
7.143% 2/23/30 (b)		4,110,000	3,695,147
7.625% 11/21/25 (b)		5,383,000	5,307,638
7.625% 11/28/47 (b)		5,315,000	4,203,155
7.696% 2/23/38 (b)		980,000	802,375
7.875% 2/16/32 (b)		1,635,000	1,465,880
8.375% 3/24/29 (b)		3,095,000	2,964,430
TOTAL NIGERIA			27,396,133
Oman - 2.5%
Sultanate of Oman:
5.625% 1/17/28 (b)		6,505,000	6,618,838
6% 8/1/29 (b)		3,625,000	3,751,875
6.25% 1/25/31 (b)		4,805,000	5,046,752
6.5% 3/8/47 (b)		8,100,000	8,251,875
6.75% 1/17/48 (b)		7,720,000	8,060,163
7% 1/25/51 (b)		490,000	527,669
TOTAL OMAN			32,257,172
Pakistan - 0.8%
Islamic Republic of Pakistan:
6% 4/8/26 (b)		6,130,000	4,312,072
6.875% 12/5/27 (b)		5,905,000	4,004,328
7.875% 3/31/36 (b)		2,025,000	1,268,379
TOTAL PAKISTAN			9,584,779
Panama - 1.7%
Panamanian Republic:
2.252% 9/29/32		5,065,000	3,695,867
3.16% 1/23/30		3,670,000	3,122,941
3.298% 1/19/33		5,355,000	4,233,797
3.87% 7/23/60		3,880,000	2,317,088
4.3% 4/29/53		1,795,000	1,198,723
4.5% 5/15/47		2,005,000	1,420,417
4.5% 4/16/50		2,680,000	1,855,900
6.4% 2/14/35		2,700,000	2,632,500
6.853% 3/28/54		1,030,000	961,763
TOTAL PANAMA			21,438,996
Paraguay - 0.8%
Republic of Paraguay:
2.739% 1/29/33 (b)		1,305,000	1,070,100
4.95% 4/28/31 (b)		3,865,000	3,772,240
5.4% 3/30/50 (b)		3,925,000	3,499,138
5.6% 3/13/48 (b)		1,925,000	1,759,450
TOTAL PARAGUAY			10,100,928
Peru - 1.0%
Peruvian Republic:
2.783% 1/23/31		3,585,000	3,115,589
3% 1/15/34		5,225,000	4,398,797
3.3% 3/11/41		7,075,000	5,487,547
TOTAL PERU			13,001,933
Philippines - 0.7%
Philippine Republic:
2.65% 12/10/45		2,130,000	1,505,644
2.95% 5/5/45		865,000	646,588
5% 7/17/33		1,135,000	1,164,794
5.5% 1/17/48		1,005,000	1,055,878
5.609% 4/13/33		1,670,000	1,781,159
5.95% 10/13/47		2,670,000	2,967,872
TOTAL PHILIPPINES			9,121,935
Poland - 0.4%
Bank Gospodarstwa Krajowego:
5.375% 5/22/33 (b)		2,000,000	2,025,300
6.25% 10/31/28 (b)		985,000	1,038,978
Polish Government 5.5% 4/4/53		1,945,000	2,023,597
TOTAL POLAND			5,087,875
Qatar - 2.3%
State of Qatar:
3.75% 4/16/30 (b)		10,275,000	10,025,420
4.4% 4/16/50 (b)		9,660,000	8,912,026
4.817% 3/14/49 (b)		8,149,000	7,917,487
5.103% 4/23/48 (b)		2,960,000	2,991,672
TOTAL QATAR			29,846,605
Romania - 1.4%
Romanian Republic:
2% 4/14/33 (Reg. S)	EUR	2,030,000	1,666,309
3% 2/14/31 (b)		5,296,000	4,502,500
3.375% 1/28/50 (Reg. S)	EUR	3,875,000	2,904,802
3.624% 5/26/30 (b)	EUR	1,665,000	1,687,685
3.625% 3/27/32 (b)		2,618,000	2,260,067
4% 2/14/51 (b)		3,100,000	2,233,364
7.125% 1/17/33 (b)		1,615,000	1,742,424
7.625% 1/17/53 (b)		1,138,000	1,271,510
TOTAL ROMANIA			18,268,661
Rwanda - 0.2%
Rwanda Republic 5.5% 8/9/31 (b)		3,195,000	2,549,011
Saudi Arabia - 1.4%
Kingdom of Saudi Arabia:
2.25% 2/2/33 (b)		4,030,000	3,331,047
3.45% 2/2/61 (b)		2,775,000	1,946,836
3.625% 3/4/28 (b)		1,770,000	1,709,709
3.75% 1/21/55 (b)		3,755,000	2,849,106
4.5% 10/26/46 (b)		3,471,000	3,063,158
4.5% 4/22/60 (b)		2,055,000	1,774,364
4.625% 10/4/47 (b)		3,040,000	2,717,699
TOTAL SAUDI ARABIA			17,391,919
Senegal - 0.3%
Republic of Senegal:
6.25% 5/23/33 (b)		2,700,000	2,404,688
6.75% 3/13/48 (b)		1,385,000	1,086,792
TOTAL SENEGAL			3,491,480
Serbia - 0.6%
Republic of Serbia:
2.125% 12/1/30 (b)		5,110,000	4,085,854
6.25% 5/26/28 (b)		865,000	884,212
6.5% 9/26/33 (b)		2,300,000	2,352,647
TOTAL SERBIA			7,322,713
South Africa - 1.1%
South African Republic:
5% 10/12/46		880,000	647,900
5.65% 9/27/47		6,075,000	4,844,813
5.75% 9/30/49		7,030,000	5,606,284
7.3% 4/20/52		3,545,000	3,350,025
TOTAL SOUTH AFRICA			14,449,022
Sri Lanka - 0.9%
Democratic Socialist Republic of Sri Lanka:
6.2% (b)(d)		4,350,000	2,180,438
6.825% (b)(d)		3,085,000	1,567,631
6.85% (b)(d)		5,000,000	2,548,438
7.55% (b)(d)		3,405,000	1,703,564
7.85% (b)(d)		6,363,000	3,181,500
TOTAL SRI LANKA			11,181,571
Turkey - 3.2%
Export Credit Bank of Turkey 9% 1/28/27 (b)		1,735,000	1,804,942
Turkish Republic:
4.75% 1/26/26		2,030,000	1,969,100
4.875% 4/16/43		5,290,000	3,862,229
5.125% 2/17/28		3,070,000	2,920,338
5.75% 5/11/47		4,040,000	3,151,200
5.95% 1/15/31		2,685,000	2,524,437
6% 1/14/41		4,622,000	3,912,754
6.125% 10/24/28		2,140,000	2,099,875
6.375% 10/14/25		4,480,000	4,485,600
6.625% 2/17/45		150,000	131,438
6.75% 5/30/40		2,112,000	1,932,480
9.125% 7/13/30		3,825,000	4,212,281
9.375% 3/14/29		5,270,000	5,816,763
9.375% 1/19/33		515,000	580,663
26.2% 10/5/33	TRY	33,410,000	1,172,291
TOTAL TURKEY			40,576,391
Ukraine - 0.9%
Ukraine Government:
6.876% 5/21/31 (b)		3,585,000	812,227
7.253% 3/15/35 (b)		3,445,000	799,240
7.375% 9/25/34 (b)		2,130,000	495,225
7.75% 9/1/24 (b)		9,099,000	2,747,898
7.75% 9/1/25 (b)		9,100,000	2,675,400
7.75% 9/1/26 (b)		5,364,000	1,469,736
7.75% 9/1/27 (b)		1,750,000	467,250
7.75% 9/1/28 (b)		1,895,000	520,178
7.75% 9/1/29 (b)		2,594,000	703,623
7.75% 8/1/41 (b)(c)		2,230,000	991,904
9.75% 11/1/30 (b)		425,000	120,594
TOTAL UKRAINE			11,803,275
United Arab Emirates - 1.3%
Abu Dhabi National Energy Co. PJSC 4.375% 1/24/29 (b)		1,740,000	1,728,760
Emirate of Abu Dhabi:
3.125% 9/30/49 (b)		13,102,000	9,601,932
3.875% 4/16/50 (b)		2,990,000	2,501,584
Emirate of Dubai 3.9% 9/9/50 (Reg. S)		4,165,000	3,117,242
TOTAL UNITED ARAB EMIRATES			16,949,518
United States of America - 5.3%
U.S. Treasury Bonds:
2.875% 5/15/52		40,530,000	32,268,807
3.25% 5/15/42 (f)		9,912,000	8,696,231
3.625% 2/15/53		8,841,000	8,164,111
U.S. Treasury Notes:
3.625% 3/31/30		4,389,000	4,320,936
3.75% 5/31/30		3,633,000	3,600,786
4% 2/28/30		2,772,000	2,785,102
4.625% 9/30/28		4,578,000	4,725,354
4.625% 9/30/30		2,898,000	3,020,939
TOTAL UNITED STATES OF AMERICA			67,582,266
Uruguay - 0.6%
Uruguay Republic:
5.1% 6/18/50		6,360,000	6,373,913
5.75% 10/28/34		1,745,000	1,888,963
TOTAL URUGUAY			8,262,876
Uzbekistan - 0.4%
Republic of Uzbekistan:
3.7% 11/25/30 (b)		1,595,000	1,338,803
3.9% 10/19/31 (b)		2,880,000	2,412,000
5.375% 2/20/29 (b)		1,145,000	1,084,888
TOTAL UZBEKISTAN			4,835,691
Venezuela - 0.7%
Venezuelan Republic:
9.25% (d)		27,915,000	5,202,239
11.95% (Reg. S) (d)		17,015,000	3,186,067
12.75% (d)		3,625,000	582,666
TOTAL VENEZUELA			8,970,972
Vietnam - 0.6%
Vietnamese Socialist Republic 5.5% 3/12/28		7,812,167	7,469,603
Zambia - 0.2%
Republic of Zambia:
8.5% (b)(d)		585,000	362,700
8.97% (b)(d)		4,490,000	2,766,963
TOTAL ZAMBIA			3,129,663
TOTAL GOVERNMENT OBLIGATIONS (Cost $870,904,254)			776,213,911

TOTAL INVESTMENT IN SECURITIES - 98.2% (Cost $1,422,134,462)	1,262,084,484
NET OTHER ASSETS (LIABILITIES) - 1.8%	23,566,352
NET ASSETS - 100.0%	1,285,650,836

Futures Contracts
	Number of contracts	Expiration Date	Notional Amount ($)	Value ($)	Unrealized Appreciation/ (Depreciation) ($)
Purchased

Treasury Contracts
CBOT 10-Year U.S. Treasury Note Contracts (United States)	29	Mar 2024	3,273,828	73,808	73,808

The notional amount of futures purchased as a percentage of Net Assets is 0.3%

Affiliate	Value, beginning of period ($)	Purchases ($)	Sales Proceeds ($)	Dividend Income ($)	Realized Gain (loss) ($)	Change in Unrealized appreciation (depreciation) ($)	Value, end of period ($)	% ownership, end of period
Fidelity Cash Central Fund 5.40%	14,215,744	366,272,604	325,994,787	1,410,730	-	-	54,493,561	0.1%
Total	14,215,744	366,272,604	325,994,787	1,410,730	-	-	54,493,561

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Energy	3	-	-	3

Corporate Bonds	414,825,859	-	414,825,859	-

Government Obligations	776,213,911	-	776,213,911	-

Preferred Securities	16,551,150	-	16,469,900	81,250

Money Market Funds	54,493,561	54,493,561	-	-
Total Investments in Securities:	1,262,084,484	54,493,561	1,207,509,670	81,253
Derivative Instruments: Assets
Futures Contracts	73,808	73,808	-	-
Total Assets	73,808	73,808	-	-
Total Derivative Instruments:	73,808	73,808	-	-

Primary Risk Exposure / Derivative Type	Value
	Asset ($)	Liability ($)
Interest Rate Risk
Futures Contracts (a)	73,808	0
Total Interest Rate Risk	73,808	0
Total Value of Derivatives	73,808	0

Statement of Assets and Liabilities
				December 31, 2023

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $1,367,640,901)	$	1,207,590,923
Fidelity Central Funds (cost $54,493,561)		54,493,561


Total Investment in Securities (cost $1,422,134,462)			$	1,262,084,484
Foreign currency held at value (cost $21)				21
Receivable for investments sold				31,498
Receivable for fund shares sold				306,462
Interest receivable				26,578,438
Distributions receivable from Fidelity Central Funds				229,184
Receivable from investment adviser for expense reductions				188,692
Other receivables				83
Total assets				1,289,418,862
Liabilities
Payable for fund shares redeemed	$	3,766,380
Other payables and accrued expenses		1,646
Total Liabilities				3,768,026
Net Assets			$	1,285,650,836
Net Assets consist of:
Paid in capital			$	1,642,116,115
Total accumulated earnings (loss)				(356,465,279)
Net Assets			$	1,285,650,836
Net Asset Value, offering price and redemption price per share ($1,285,650,836 ÷ 165,945,135 shares)			$	7.75

Statement of Operations
				Year ended December 31, 2023
Investment Income
Dividends			$	1,071,902
Interest				81,858,383
Income from Fidelity Central Funds				1,410,730
Income before foreign taxes withheld			$	84,341,015
Less foreign taxes withheld				(4,688)
Total Income				84,336,327
Expenses
Custodian fees and expenses	$	4,541
Independent trustees' fees and expenses		7,281
Legal		271,460
Total expenses before reductions		283,282
Expense reductions		(245,118)
Total expenses after reductions				38,164
Net Investment income (loss)				84,298,163
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(44,889,013)
Foreign currency transactions		8,078
Total net realized gain (loss)				(44,880,935)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		103,605,522
Assets and liabilities in foreign currencies		(3,243)
Futures contracts		73,808
Total change in net unrealized appreciation (depreciation)				103,676,087
Net gain (loss)				58,795,152
Net increase (decrease) in net assets resulting from operations			$	143,093,315

Average Annual Total Returns

EUR	-	European Monetary Unit
TRY	-	Turkish Lira

Years ended December 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	7.34	$	9.07	$	9.54	$	9.60	$	9.22
Income from Investment Operations
Net investment income (loss) A,B		.524		.470		.456		.519		.604
Net realized and unrealized gain (loss)		.353 C		(1.779)		(.515)		(.103)		.341
Total from investment operations		.877		(1.309)		(.059)		.416		.945
Distributions from net investment income		(.467)		(.421)		(.411)		(.476)		(.565)
Total distributions		(.467)		(.421)		(.411)		(.476)		(.565)
Net asset value, end of period	$	7.75	$	7.34	$	9.07	$	9.54	$	9.60
Total Return D		12.47%		(14.45)%		(.60)%		4.75%		10.46%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.02%		-% G		-% G		-% G		-% G
Expenses net of fee waivers, if any G		-%		-%		-%		-%		-%
Expenses net of all reductions G		-%		-%		-%		-%		-%
Net investment income (loss)		7.12%		6.12%		4.93%		5.73%		6.35%
Supplemental Data
Net assets, end of period (000 omitted)	$	1,285,651	$	1,160,867	$	1,442,565	$	1,456,242	$	1,463,941
Portfolio turnover rate H		22%		27%		29%		84%		61% I

Average Annual Total Returns

Statement of Changes in Net Assets

		Year ended December 31, 2023		Year ended December 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	84,298,163	$	74,504,061
Net realized gain (loss)		(44,880,935)		(93,556,949)
Change in net unrealized appreciation (depreciation)		103,676,087		(187,642,052)
Net increase (decrease) in net assets resulting from operations		143,093,315		(206,694,940)
Distributions to shareholders		(75,296,697)		(66,732,572)

Share transactions
Proceeds from sales of shares		124,923,949		118,610,757
Reinvestment of distributions		75,296,578		66,626,169
Cost of shares redeemed		(143,233,600)		(193,506,975)

Net increase (decrease) in net assets resulting from share transactions		56,986,927		(8,270,049)
Total increase (decrease) in net assets		124,783,545		(281,697,561)

Net Assets
Beginning of period		1,160,867,291		1,442,564,852
End of period	$	1,285,650,836	$	1,160,867,291

Other Information
Shares
Sold		16,964,106		15,614,535
Issued in reinvestment of distributions		10,202,779		8,801,859
Redeemed		(19,447,972)		(25,220,427)
Net increase (decrease)		7,718,913		(804,033)

Periods ended December 31, 2023	Past 1 year	Life of Fund A
Fidelity® Series Emerging Markets Debt Local Currency Fund	13.53%	1.25%

Top Bond Issuers (% of Fund's net assets)
(with maturities greater than one year)
United Mexican States	10.3
Malaysian Government	8.8
South African Republic	8.2
Indonesian Republic	8.1
Brazilian Federative Republic	5.8
Kingdom of Thailand	4.9
Czech Republic	4.9
Romanian Republic	4.8
Colombian Republic	4.7
Polish Government	4.7
	65.2

U.S. Government and Government Agency Obligations - 0.5%
	Principal Amount (a)	Value ($)
U.S. Treasury Obligations - 0.5%
U.S. Treasury Bills, yield at date of purchase 5.32% 5/16/24 (Cost $1,960,862)	2,000,000	1,961,653

Foreign Government and Government Agency Obligations - 84.3%
		Principal Amount (a)	Value ($)
Brazil - 10.0%
Brazil Letras Do Tesouro Nacio, yield at date of purchase 9.9654% to 13.1648% 7/1/24 to 7/1/26	BRL	102,270,000	17,750,309
Brazilian Federative Republic:
10% 1/1/25	BRL	28,750,000	5,921,913
10% 1/1/27	BRL	38,000,000	7,856,169
10% 1/1/29	BRL	22,250,000	4,564,239
10% 1/1/31	BRL	12,000,000	2,439,673
10% 1/1/33	BRL	18,050,000	3,643,842
TOTAL BRAZIL			42,176,145
Chile - 2.1%
Chilean Republic:
4.5% 3/1/26	CLP	1,025,000,000	1,141,714
4.7% 9/1/30 (Reg. S) (b)	CLP	1,950,000,000	2,128,468
5% 3/1/35	CLP	1,800,000,000	2,001,318
6% 4/1/33(Reg. S) (b)	CLP	1,500,000,000	1,779,548
6% 1/1/43	CLP	1,275,000,000	1,566,977
TOTAL CHILE			8,618,025
China - 4.5%
Peoples Republic of China:
2.68% 5/21/30	CNY	48,750,000	6,914,758
2.88% 2/25/33	CNY	28,000,000	4,035,384
2.91% 10/14/28	CNY	13,000,000	1,872,386
3.12% 10/25/52	CNY	15,000,000	2,195,641
3.81% 9/14/50	CNY	23,250,000	3,813,017
TOTAL CHINA			18,831,186
Colombia - 4.7%
Colombian Republic:
5.75% 11/3/27	COP	31,100,000,000	7,100,330
6% 4/28/28	COP	1,850,000,000	420,315
7% 6/30/32	COP	26,300,000,000	5,676,569
7.25% 10/18/34	COP	11,500,000,000	2,438,024
7.25% 10/26/50	COP	8,500,000,000	1,592,157
7.5% 8/26/26	COP	5,075,000,000	1,251,038
9.25% 5/28/42	COP	5,400,000,000	1,269,328
TOTAL COLOMBIA			19,747,761
Czech Republic - 4.9%
Czech Republic:
0.95% 5/15/30 (Reg. S)	CZK	175,750,000	6,630,228
1.2% 3/13/31	CZK	89,370,000	3,358,246
1.5% 4/24/40	CZK	40,000,000	1,274,312
1.95% 7/30/37	CZK	38,500,000	1,377,263
2% 10/13/33	CZK	181,000,000	6,925,003
5.7% 5/25/24	CZK	17,750,000	796,148
TOTAL CZECH REPUBLIC			20,361,200
Dominican Republic - 0.3%
Dominican Republic:
9.75% 6/5/26 (Reg. S)	DOP	26,500,000	454,580
13.625% 2/3/33 (b)	DOP	38,500,000	799,775
TOTAL DOMINICAN REPUBLIC			1,254,355
Egypt - 0.3%
Arab Republic of Egypt:
14.556% 10/13/27	EGP	36,000,000	899,144
16.1% 5/7/29	EGP	12,000,000	293,244
TOTAL EGYPT			1,192,388
Hungary - 3.5%
Hungarian Republic:
2.25% 4/20/33	HUF	505,000,000	1,100,301
2.25% 6/22/34	HUF	470,000,000	984,984
2.75% 12/22/26	HUF	1,144,000,000	2,998,094
3% 6/26/24	HUF	750,000,000	2,121,970
3.25% 10/22/31	HUF	617,000,000	1,509,448
5.5% 6/24/25	HUF	400,000,000	1,138,924
6.75% 10/22/28	HUF	1,653,000,000	4,941,559
TOTAL HUNGARY			14,795,280
Indonesia - 8.1%
Indonesian Republic:
5.125% 4/15/27	IDR	15,000,000,000	940,605
6.375% 4/15/32	IDR	66,000,000,000	4,241,541
6.5% 2/15/31	IDR	48,500,000,000	3,143,349
7.125% 6/15/38	IDR	18,000,000,000	1,222,836
7.125% 6/15/42	IDR	31,500,000,000	2,127,306
7.125% 6/15/43	IDR	20,000,000,000	1,348,964
7.5% 4/15/40	IDR	41,750,000,000	2,898,789
8.25% 5/15/29	IDR	123,500,000,000	8,662,727
8.25% 5/15/36	IDR	44,750,000,000	3,291,510
8.375% 9/15/26	IDR	66,750,000,000	4,547,688
8.375% 3/15/34	IDR	19,788,000,000	1,451,617
TOTAL INDONESIA			33,876,932
Kazakhstan - 0.2%
Kazakhstan Republic 10.5% 8/4/26	KZT	440,000,000	896,043
Malaysia - 8.8%
Malaysian Government:
3.519% 4/20/28	MYR	40,750,000	8,835,877
3.582% 7/15/32	MYR	15,750,000	3,372,351
3.757% 5/22/40	MYR	5,000,000	1,041,763
3.828% 7/5/34	MYR	14,300,000	3,097,358
3.882% 3/14/25	MYR	19,000,000	4,157,961
3.885% 8/15/29	MYR	13,000,000	2,858,727
3.906% 7/15/26	MYR	23,500,000	5,170,358
4.065% 6/15/50	MYR	9,750,000	2,033,665
4.457% 3/31/53	MYR	4,500,000	1,014,072
4.642% 11/7/33	MYR	4,250,000	990,643
4.696% 10/15/42	MYR	6,450,000	1,512,009
4.762% 4/7/37	MYR	13,000,000	3,047,687
TOTAL MALAYSIA			37,132,471
Mexico - 10.3%
United Mexican States:
5.75% 3/5/26	MXN	275,000,000	14,932,081
7.75% 11/23/34	MXN	91,000,000	4,902,350
7.75% 11/13/42	MXN	111,000,000	5,764,110
8% 9/5/24	MXN	49,500,000	2,860,658
8% 7/31/53	MXN	55,250,000	2,896,192
8.5% 5/31/29	MXN	205,250,000	11,843,847
TOTAL MEXICO			43,199,238
Peru - 2.3%
Peruvian Republic:
5.35% 8/12/40	PEN	2,250,000	518,990
5.4% 8/12/34(Reg. S)	PEN	4,850,000	1,181,416
5.94% 2/12/29	PEN	5,250,000	1,416,411
6.35% 8/12/28	PEN	9,900,000	2,734,001
6.9% 8/12/37	PEN	2,500,000	678,074
6.95% 8/12/31	PEN	11,500,000	3,206,953
TOTAL PERU			9,735,845
Philippines - 0.1%
Philippine Republic 6.25% 1/14/36	PHP	30,000,000	506,964
Poland - 4.7%
Polish Government:
1.25% 10/25/30	PLN	10,700,000	2,152,971
1.75% 4/25/32	PLN	20,750,000	4,102,116
2.5% 7/25/26	PLN	4,250,000	1,017,365
2.5% 7/25/27	PLN	17,500,000	4,107,002
2.75% 4/25/28	PLN	14,000,000	3,261,834
2.75% 10/25/29	PLN	7,000,000	1,589,092
6% 10/25/33	PLN	12,500,000	3,366,764
TOTAL POLAND			19,597,144
Romania - 4.8%
Romanian Republic:
3.65% 9/24/31	RON	24,250,000	4,526,659
4.25% 4/28/36	RON	2,500,000	459,836
4.75% 2/24/25	RON	21,050,000	4,607,090
4.75% 10/11/34	RON	7,750,000	1,516,753
5% 2/12/29	RON	30,950,000	6,506,238
5.8% 7/26/27	RON	7,500,000	1,644,877
6.7% 2/25/32	RON	3,750,000	852,482
TOTAL ROMANIA			20,113,935
South Africa - 8.2%
South African Republic:
6.25% 3/31/36	ZAR	93,000,000	3,337,940
7% 2/28/31	ZAR	94,750,000	4,337,712
8% 1/31/30	ZAR	259,000,000	13,025,795
8.25% 3/31/32	ZAR	17,750,000	847,302
8.75% 2/28/48	ZAR	145,250,000	5,845,013
8.875% 2/28/35	ZAR	155,500,000	7,172,149
TOTAL SOUTH AFRICA			34,565,911
Thailand - 4.9%
Kingdom of Thailand:
1.585% 12/17/35	THB	122,750,000	3,170,129
1.6% 6/17/35	THB	180,750,000	4,698,442
2% 12/17/31	THB	31,250,000	870,922
2% 6/17/42	THB	85,000,000	2,093,201
2.875% 6/17/46	THB	44,400,000	1,185,178
3.3% 6/17/38	THB	217,750,000	6,568,882
3.775% 6/25/32	THB	64,000,000	2,031,838
TOTAL THAILAND			20,618,592
Turkey - 0.9%
Turkish Republic:
10.5% 8/11/27	TRY	27,000,000	617,994
10.6% 2/11/26	TRY	26,000,000	606,575
12.6% 10/1/25	TRY	19,500,000	468,496
17.3% 7/19/28	TRY	35,500,000	970,358
17.8% 7/13/33	TRY	25,000,000	661,718
26.2% 10/5/33	TRY	17,500,000	614,040
TOTAL TURKEY			3,939,181
Uruguay - 0.7%
Uruguay Republic:
8.25% 5/21/31	UYU	31,500,000	750,458
8.5% 3/15/28 (Reg. S)	UYU	49,025,000	1,206,757
9.75% 7/20/33	UYU	34,298,120	889,309
TOTAL URUGUAY			2,846,524
TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS (Cost $350,064,591)			354,005,120

Supranational Obligations - 0.8%
		Principal Amount (a)	Value ($)
Asian Infrastructure Investment Bank 2.375% 2/10/25 (Reg. S)	PHP	57,900,000	1,006,326
Inter-American Development Bank:
5.1% 11/17/26	IDR	15,000,000,000	958,074
5.7% 11/12/24	INR	105,000,000	1,245,842
TOTAL SUPRANATIONAL OBLIGATIONS (Cost $3,654,451)			3,210,242

Money Market Funds - 12.2%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (c) (Cost $51,362,343)	51,352,073	51,362,343

TOTAL INVESTMENT IN SECURITIES - 97.8% (Cost $407,042,247)	410,539,358
NET OTHER ASSETS (LIABILITIES) - 2.2%	9,318,758
NET ASSETS - 100.0%	419,858,116

Forward Foreign Currency Contracts
Currency Purchased		Currency Sold		Counterparty	Settlement Date	Unrealized Appreciation/ (Depreciation) ($)

USD	91,179	HUF	31,460,000	State Street Bank and Trust Co	1/02/24	493
BRL	5,832,000	USD	1,171,527	BNP Paribas S.A.	2/29/24	22,346
BRL	3,597,000	USD	738,604	State Street Bank and Trust Co	2/29/24	(2,259)
BRL	5,391,000	USD	1,102,003	State Street Bank and Trust Co	2/29/24	1,592
CLP	1,244,886,000	USD	1,425,905	State Street Bank and Trust Co	2/29/24	(17,646)
CNY	5,419,000	USD	766,424	Bank of America, N.A.	2/29/24	1,192
CNY	136,425,000	USD	19,305,880	Goldman Sachs Bank USA	2/29/24	19,086
CZK	9,171,000	USD	405,443	Bank of America, N.A.	2/29/24	3,962
CZK	19,652,000	USD	870,764	Goldman Sachs Bank USA	2/29/24	6,527
EGP	25,000,000	USD	647,668	Citibank, N. A.	2/29/24	(58,900)
EUR	960,000	USD	1,035,194	Canadian Imperial Bk. of Comm.	2/29/24	27,030
EUR	955,000	USD	1,053,623	Canadian Imperial Bk. of Comm.	2/29/24	3,069
EUR	3,792,000	USD	4,106,016	Goldman Sachs Bank USA	2/29/24	89,770
HUF	806,169,000	USD	2,272,850	BNP Paribas S.A.	2/29/24	34,792
HUF	272,797,000	USD	774,088	JPMorgan Chase Bank, N.A.	2/29/24	6,787
IDR	18,213,800,000	USD	1,179,650	Bank of America, N.A.	2/29/24	2,516
IDR	81,709,200,000	USD	5,266,804	State Street Bank and Trust Co	2/29/24	36,531
INR	414,774,000	USD	4,963,787	BNP Paribas S.A.	2/29/24	10,642
KRW	1,334,300,000	USD	1,018,705	BNP Paribas S.A.	2/29/24	15,248
KRW	2,676,900,000	USD	2,046,247	Bank of America, N.A.	2/29/24	28,091
KRW	1,355,700,000	USD	1,035,123	Goldman Sachs Bank USA	2/29/24	15,413
MXN	17,515,000	USD	998,241	Canadian Imperial Bk. of Comm.	2/29/24	23,557
MXN	14,716,000	USD	840,207	JPMorgan Chase Bank, N.A.	2/29/24	18,302
MYR	9,184,000	USD	1,983,328	Goldman Sachs Bank USA	2/29/24	23,080
PEN	3,183,000	USD	848,415	State Street Bank and Trust Co	2/29/24	10,463
PHP	72,086,000	USD	1,304,252	Bank of America, N.A.	2/29/24	(2,720)
PLN	30,896,000	USD	7,684,978	Goldman Sachs Bank USA	2/29/24	161,291
PLN	2,418,000	USD	615,667	Goldman Sachs Bank USA	2/29/24	(1,598)
PLN	4,905,000	USD	1,223,961	HSBC Bank	2/29/24	21,700
RON	9,202,000	USD	2,002,500	BNP Paribas S.A.	2/29/24	37,962
RON	2,857,000	USD	620,109	JPMorgan Chase Bank, N.A.	2/29/24	13,405
THB	536,884,000	USD	15,330,782	JPMorgan Chase Bank, N.A.	2/29/24	461,213
THB	42,811,000	USD	1,224,921	JPMorgan Chase Bank, N.A.	2/29/24	34,329
TRY	33,303,000	USD	1,077,854	Bank of America, N.A.	2/29/24	(7,029)
TRY	152,749,000	USD	4,936,945	JPMorgan Chase Bank, N.A.	2/29/24	(25,451)
USD	2,260,560	BRL	11,223,000	State Street Bank and Trust Co	2/29/24	(36,909)
USD	1,089,746	CLP	942,194,000	State Street Bank and Trust Co	2/29/24	23,903
USD	1,000,299	COP	4,008,200,000	Citibank, N. A.	2/29/24	(22,140)
USD	1,261,480	COP	4,945,000,000	State Street Bank and Trust Co	2/29/24	74
USD	330,982	COP	1,346,800,000	State Street Bank and Trust Co	2/29/24	(12,569)
USD	1,058,175	CZK	24,102,000	Citibank, N. A.	2/29/24	(17,770)
USD	6,199,297	EUR	5,707,000	State Street Bank and Trust Co	2/29/24	(115,404)
USD	1,982,272	HUF	707,255,000	Goldman Sachs Bank USA	2/29/24	(42,230)
USD	1,034,231	HUF	371,711,000	Goldman Sachs Bank USA	2/29/24	(29,784)
USD	2,053,782	KRW	2,676,900,000	State Street Bank and Trust Co	2/29/24	(20,555)
USD	2,074,977	KRW	2,690,000,000	State Street Bank and Trust Co	2/29/24	(9,512)
USD	1,157,197	MXN	20,249,000	JPMorgan Chase Bank, N.A.	2/29/24	(24,098)
USD	835,191	MXN	14,716,000	Royal Bank of Canada	2/29/24	(23,318)
USD	840,507	PEN	3,183,000	Bank of America, N.A.	2/29/24	(18,372)
USD	1,302,320	PHP	72,086,000	BNP Paribas S.A.	2/29/24	788
USD	1,190,962	THB	40,850,000	JPMorgan Chase Bank, N.A.	2/29/24	(10,607)
USD	1,125,950	TRY	35,101,000	Goldman Sachs Bank USA	2/29/24	(2,688)
USD	1,379,108	ZAR	25,403,000	State Street Bank and Trust Co	2/29/24	(2,701)
ZAR	25,403,000	USD	1,338,615	Goldman Sachs Bank USA	2/29/24	43,194

TOTAL FORWARD FOREIGN CURRENCY CONTRACTS						694,088
Unrealized Appreciation						1,198,348
Unrealized Depreciation						(504,260)

BRL	-	Brazilian real
CLP	-	Chilean peso
CNY	-	Chinese yuan
COP	-	Colombian peso
CZK	-	Czech koruna
DOP	-	Dominican Republic peso
EGP	-	Egyptian pound
EUR	-	European Monetary Unit
HUF	-	Hungarian forint
IDR	-	Indonesian rupiah
INR	-	Indian rupee
KRW	-	Korean won
KZT	-	Kazakhstan tenge
MXN	-	Mexican peso
MYR	-	Malaysian ringgit
PEN	-	Peruvian new sol
PHP	-	Philippine peso
PLN	-	Polish zloty
RON	-	Romanian leu (new)
THB	-	Thai baht
TRY	-	Turkish Lira
USD	-	U.S. dollar
UYU	-	Uruguay peso
ZAR	-	South African rand

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense RatioA
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

	Tax cost	Gross unrealized appreciation	Gross unrealized depreciation	Net unrealized appreciation (depreciation)
Fidelity Series Emerging Markets Debt Fund	$1,399,994,161	$40,971,692	$(178,881,369)	$(137,909,677)
Fidelity Series Emerging Markets Debt Local Currency Fund	408,574,302	12,179,973	(22,751,199)	(10,571,226)

	Undistributed ordinary income	Capital loss carryforward	Net unrealized appreciation (depreciation) on securities and other investments
Fidelity Series Emerging Markets Debt Fund	$-	$(218,272,965)	$(137,902,915)
Fidelity Series Emerging Markets Debt Local Currency Fund	8,418,546	(37,087,243)	(10,492,096)

	Short-term	Long-term	Total capital loss carryforward
Fidelity Series Emerging Markets Debt Fund	$(27,514,418)	$(190,758,547)	$(218,272,965)
Fidelity Series Emerging Markets Debt Local Currency Fund	(12,250,181)	(24,837,062)	(37,087,243)

December 31, 2023
	Ordinary Income
Fidelity Series Emerging Markets Debt Fund	$75,296,697
Fidelity Series Emerging Markets Debt Local Currency Fund	20,583,115

December 31, 2022
	Ordinary Income
Fidelity Series Emerging Markets Debt Fund	$66,732,572


Foreign Exchange Risk	Foreign exchange rate risk relates to fluctuations in the value of an asset or liability due to changes in currency exchange rates.
Interest Rate Risk	Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates.

	Purchases ($)	Sales ($)
Fidelity Series Emerging Markets Debt Fund	234,997,215	249,379,937
Fidelity Series Emerging Markets Debt Local Currency Fund	241,329,669	243,783,202

	Amount ($)
Fidelity Series Emerging Markets Debt Local Currency Fund	3,255

	Expense Limitations	Reimbursement
Fidelity Series Emerging Markets Debt Fund	.003%	$ 240,490
Fidelity Series Emerging Markets Debt Local Currency Fund	.003%	$ 57,094