Annual Report and Accounts - Fidelity Investments

Sterling Currency Fund
Schedule of Investments as at 31 January 2012
SECURITIES ADMITTED TO OR DEALT ON AN OFFICIAL STOCK EXCHANGE
Financials
Lloyds TSB Bank 2.75% 16/03/2012 EMTN GB GBP 1,496,000 1,499,663 1.18
1,499,663 1.18
MONEY MARKET INSTRUMENTS
Rabobank Nederland CP 0.80% 12/04/2012 NL GBP 4,000,000 3,993,788 3.15
ANZ Banking Group CD 0.90% 10/02/2012 NZ GBP 3,000,000 3,000,074 2.36
Svenska Handelsbanken CD 0.955% 21/03/2012 SE GBP 3,000,000 3,000,020 2.36
HSBC CD 0.90% 20/02/2012 GB GBP 3,000,000 3,000,015 2.36
Barclays Bank CP 0.76% 06/02/2012 GB GBP 3,000,000 2,999,688 2.36
Sumitomo Mitsui CD 0.703% 09/02/2012 AU GBP 3,000,000 2,999,474 2.36
Bank of Tokyo-Mitsubishi UFJ CD 0.661% 14/02/2012 JP GBP 3,000,000 2,999,231 2.36
ABN Amro Bank CD 0.603% 16/02/2012 NL GBP 3,000,000 2,999,199 2.36
ING Bank CP 0.77% 17/02/2012 NL GBP 3,000,000 2,998,988 2.36
DnB NOR Bank CP 0.755% 21/02/2012 NO GBP 3,000,000 2,998,761 2.36
SMBCE CD 0.672% 23/02/2012 GB GBP 3,000,000 2,998,717 2.36
Bank of Tokyo-Mitsubishi UFJ CD 0.629% 01/03/2012 JP GBP 3,000,000 2,998,380 2.36
Landesbank Hessen-Thuringen CP 0.70% 01/03/2012 DE GBP 3,000,000 2,998,332 2.36
NRW.BANK CP 0.645% 19/03/2012 DE GBP 3,000,000 2,997,511 2.36
UBS CP 0.83% 12/03/2012 CH GBP 3,000,000 2,997,275 2.36
Credit Suisse FB Sydney CP 0.65% 27/03/2012 AU GBP 3,000,000 2,997,065 2.36
Nordea Bank CP 1.045% 07/03/2012 SE GBP 3,000,000 2,997,004 2.36
UBS CP 0.80% 23/03/2012 CH GBP 3,000,000 2,996,651 2.36
Standard Chartered Bank CP 0.75% 30/03/2012 GB GBP 3,000,000 2,996,429 2.36
Nederlandse Waterschapsbank CP 0.93% 19/03/2012 NL GBP 3,000,000 2,996,419 2.36
FMS Wertmanagement CP 1.07% 16/03/2012 DE GBP 3,000,000 2,996,141 2.36
Nordea Bank CP 1.06% 19/03/2012 SE GBP 3,000,000 2,995,920 2.36
Landeskreditbank CP 0.65% 30/04/2012 DE GBP 3,000,000 2,995,253 2.36
National Australia Bank CD 0.859% 23/04/2012 AU GBP 3,000,000 2,994,086 2.36
Landeskreditbank CP 0.68% 30/05/2012 DE GBP 3,000,000 2,993,364 2.36
National Australia Bank CD 0.861% 08/05/2012 AU GBP 3,000,000 2,993,005 2.36
FMS Wertmanagement CP 1.05% 23/05/2012 DE GBP 3,000,000 2,990,368 2.36
ANZ Banking Group CD 0.90% 09/03/2012 AU GBP 2,500,000 2,500,025 1.97
DnB NOR Bank CP 0.81% 07/02/2012 NO GBP 2,500,000 2,499,668 1.97
ABN Amro Bank CP 0.67% 09/02/2012 NL GBP 2,500,000 2,499,633 1.97
ING Bank CP 0.97% 07/02/2012 NL GBP 2,500,000 2,499,602 1.97
Mizuho Corporate Bank CD 0.685% 13/02/2012 GB GBP 2,500,000 2,499,384 1.97
Standard Chartered Bank CP 0.84% 05/03/2012 GB GBP 2,500,000 2,498,104 1.97
NRW.BANK CP 0.75% 12/03/2012 DE GBP 2,500,000 2,497,948 1.97
Barclays Bank CP 0.83% 16/03/2012 GB GBP 2,500,000 2,497,502 1.97
Svenska Handelsbanken CD 1.02% 10/04/2012 SE GBP 2,000,000 2,000,019 1.58
Credit Suisse FB Sydney CP 0.75% 20/02/2012 AU GBP 2,000,000 1,999,220 1.58
Rabobank Nederland CP 0.80% 19/04/2012 NL GBP 2,000,000 1,996,588 1.57
Credit Suisse FB Sydney CP 0.71% 06/02/2012 AU GBP 1,000,000 999,903 0.79
StadsHypotek CP 0.96% 16/04/2012 SE GBP 1,000,000 998,032 0.79
109,906,786 86.59
Total Investments (Cost GBP 111,406,449) 111,406,449 87.77
BANK DEPOSITS
Country Ccy Shares or Year-end % Net
Code Nominal Value Assets
GBP
Deutsche Bank TD 0.50% 01/02/2012 DE GBP 9,000,000 9,000,000 7.09
Lloyd Group TD 0.50% 01/02/2012 GB GBP 5,529,061 5,529,061 4.36
Swedbank TD 0.58% 02/02/2012 SE GBP 4,000,000 4,000,000 3.15
18,529,061 14.60
Total Investments (including Bank Deposits) 129,935,510 102.37
Other Assets and Liabilities (3,006,239) (2.37)
Net Assets 126,929,271 100.00
The accompanying notes to the financial statements form an integral part of these financial statements.
The percentage of net assets in the schedule of investments and in the geographical split is subject to rounding.
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GEOGRAPHICAL SPLIT
Country Country Code % Net Assets
Germany DE 23.22
UK GB 20.89
Netherlands NL 15.74
Australia AU 13.77
Sweden SE 12.60
Japan JP 4.73
Switzerland CH 4.72
Norway NO 4.33
New Zealand NZ 2.36
Cash and other net liabilities (2.37)