UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-3480
Fidelity Oxford Street Trust
(Exact name of registrant as specified in charter)
82 Devonshire St., Boston, Massachusetts 02109
(Address of principal executive offices) (Zip code)
Scott C. Goebel, Secretary
82 Devonshire St.
Boston, Massachusetts 02109
(Name and address of agent for service)
Registrant's telephone number, including area code: 617-563-7000
Date of fiscal year end: | February 29 |
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Date of reporting period: | August 31, 2011 |
Item 1. Reports to Stockholders
Fidelity®
Four-in-One Index
Fund
Semiannual Report
August 31, 2011
(2_fidelity_logos) (Registered_Trademark)
Contents
Chairman's Message | The Chairman's message to shareholders. | |
Shareholder Expense Example | An example of shareholder expenses. | |
Investment Changes | A summary of major shifts in the fund's investments over the past six months. | |
Investments | A complete list of the fund's investments with their market values. | |
Financial Statements | Statements of assets and liabilities, operations, and changes in net assets, as well as financial highlights. | |
Notes | Notes to the financial statements. |
To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov. You may also call 1-800-544-8544 to request a free copy of the proxy voting guidelines.
Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.
Other third party marks appearing herein are the property of their respective owners.
All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.
This report and the financial statements contained herein are submitted for the general information of the shareholders of the fund. This report is not authorized for distribution to prospective investors in the fund unless preceded or accompanied by an effective prospectus.
A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-Q. Forms N-Q are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-Q may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330. For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.advisor.fidelity.com, or http://www.401k.com, as applicable.
NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
Neither the fund nor Fidelity Distributors Corporation is a bank.
Semiannual Report
Chairman's Message
(The chairman's photo appears here.)
Dear Shareholder:
U.S. equities remained in a significant midyear downturn that began in May and intensified in the final week of July and the early part of August, when Standard & Poor's announced it was lowering its long-term sovereign credit rating of the United States. The historic downgrade followed a political stalemate in which Congress struggled to address the debt ceiling issue before an early-August deadline, resulting in heightened investor anxiety and volatility across major financial markets. Financial markets are always unpredictable, of course, but there are several time-tested investment principles that can help put the odds in your favor.
One of the basic tenets is to invest for the long term. Over time, riding out the markets' inevitable ups and downs has proven much more effective than selling into panic or chasing the hottest trend. Even missing only a few of the markets' best days can significantly diminish investor returns. Patience also affords the benefits of compounding - of earning interest on additional income or reinvested dividends and capital gains. There can be tax advantages and cost benefits to consider as well. While staying the course doesn't eliminate risk, it can considerably lessen the effect of short-term declines.
You can further manage your investing risk through diversification. And today, more than ever, geographic diversification should be taken into account. Studies indicate that asset allocation is the single most important determinant of a portfolio's long-term success. The right mix of stocks, bonds and cash - aligned to your particular risk tolerance and investment objective - is very important. Age-appropriate rebalancing is also an essential aspect of asset allocation. For younger investors, an emphasis on equities - which historically have been the best-performing asset class over time - is encouraged. As investors near their specific goal, such as retirement or sending a child to college, consideration may be given to replacing volatile assets (e.g. common stocks) with more-stable fixed investments (bonds or savings plans).
A third principle - investing regularly - can help lower the average cost of your purchases. Investing a certain amount of money each month or quarter helps ensure you won't pay for all your shares at market highs. This strategy - known as dollar cost averaging - also reduces "emotion" from investing, helping shareholders avoid selling weak performers just prior to an upswing, or chasing a hot performer just before a correction.
We invite you to contact us via the Internet, through our Investor Centers or by phone. It is our privilege to provide you the information you need to make the investments that are right for you.
Sincerely,
(The chairman's signature appears here.)
Abigail P. Johnson
Semiannual Report
Shareholder Expense Example
As a shareholder of the Fund, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other mutual funds.
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (March 1, 2011 to August 31, 2011).
Actual Expenses
The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. Various account fees may also be payable to the custodian for certain services. These fees are not included in the table below. If they were, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by these amounts. In addition, the Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Hypothetical Example for Comparison Purposes
The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. An annual index fund fee of $10 that is charged once a year may apply for certain accounts with a value of less than $10,000. Various account fees may also be payable to the custodian for certain services. These fees are not included in the table below. If they were, the estimate of expenses you paid during the period would be higher, and your ending account value lower, by these amounts. In addition, the Fund, as a shareholder in underlying Fidelity Funds, will indirectly bear its pro-rata share of the fees and expenses incurred by the underlying Fidelity Funds. These fees and expenses are not included in the Fund's annualized expense ratio used to calculate the expense estimate in the table below.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds.
Semiannual Report
Shareholder Expense Example - continued
| Annualized | Beginning | Ending | Expenses Paid |
Actual | .08% | $ 1,000.00 | $ 932.40 | $ .39 |
Hypothetical (5% return per year before expenses) |
| $ 1,000.00 | $ 1,024.73 | $ .41 |
* Expenses are equal to the Fund's annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/366 (to reflect the one-half year period). The fees and expenses of the underlying Fidelity Funds in which the Fund invests are not included in the Fund's annualized expense ratio.
Semiannual Report
Investment Changes (Unaudited)
Fund Holdings as of August 31, 2011 |
| % of fund's | % of fund's | % Target |
Spartan 500 Index Fund Investor Class | 47.9 | 48.0 | 48.0 |
Spartan Extended Market Index Fund Investor Class | 11.9 | 11.9 | 12.0 |
Spartan International Index Fund Investor Class | 25.3 | 25.1 | 25.0 |
Spartan U.S. Bond Index Fund Investor Class | 14.9 | 15.0 | 15.0 |
Net Other Assets | 0.0† | 0.0† | 0.0 |
| 100.0 | 100.0 | 100.0 |
Asset Allocation (% of fund's net assets) | |||
As of August 31, 2011 | |||
Domestic Equity Funds 59.8% |
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International Equity Funds 25.3% |
| ||
Investment Grade |
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As of February 28, 2011 | |||
Domestic Equity Funds 59.9% |
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International Equity Funds 25.1% |
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Investment Grade |
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† Amount represents less than 0.1% |
Semiannual Report
Investments August 31, 2011 (Unaudited)
Showing Percentage of Net Assets
Equity Funds - 85.1% | |||
Shares | Value | ||
Domestic Equity Funds - 59.8% | |||
Spartan 500 Index Fund Investor Class | 24,776,899 | $ 1,072,591,963 | |
Spartan Extended Market Index Fund Investor Class | 7,447,714 | 267,149,508 | |
TOTAL DOMESTIC EQUITY FUNDS | 1,339,741,471 | ||
International Equity Funds - 25.3% | |||
Spartan International Index Fund Investor Class | 17,155,166 | 566,292,030 | |
TOTAL EQUITY FUNDS (Cost $1,753,081,926) | 1,906,033,501 | ||
Fixed-Income Funds - 14.9% | |||
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Investment Grade Fixed-Income Funds - 14.9% | |||
Spartan U.S. Bond Index Fund Investor Class | 28,455,907 | 334,072,353 | |
TOTAL INVESTMENT PORTFOLIO - 100.0% (Cost $2,061,583,013) | 2,240,105,854 | ||
NET OTHER ASSETS (LIABILITIES) - 0.0% | 29,020 | ||
NET ASSETS - 100% | $ 2,240,134,874 |
Other Information |
All investments are categorized as Level 1. 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, please refer to the Security Valuation section in the accompanying Notes to Financial Statements. |
Income Tax Information |
At February 28, 2011, the Fund had a capital loss carryforward of approximately $101,079,000 of which $347,777, $68,376,448 and $32,354,775 will expire in fiscal 2017, 2018 and 2019, respectively. Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. |
See accompanying notes which are an integral part of the financial statements.
Semiannual Report
Financial Statements
Statement of Assets and Liabilities
| August 31, 2011 (Unaudited) | |
|
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Assets | ||
Investment in securities, at value (cost $2,061,583,013) - See accompanying schedule | $ 2,240,105,854 | |
Cash | 2 | |
Receivable for investments sold | 31,735,678 | |
Receivable for fund shares sold | 890,185 | |
Receivable from affiliate for expense reductions | 37,034 | |
Total assets | 2,272,768,753 | |
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|
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Liabilities | ||
Payable for investments purchased | $ 31,233,402 | |
Payable for fund shares redeemed | 1,217,258 | |
Accrued management fee | 183,219 | |
Total liabilities | 32,633,879 | |
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|
|
Net Assets | $ 2,240,134,874 | |
Net Assets consist of: |
| |
Paid in capital | $ 2,170,836,893 | |
Undistributed net investment income | 17,077,855 | |
Accumulated undistributed net realized gain (loss) on investments | (126,302,715) | |
Net unrealized appreciation (depreciation) on investments | 178,522,841 | |
Net Assets, for 84,769,644 shares outstanding | $ 2,240,134,874 | |
Net Asset Value, offering price and redemption price per share ($2,240,134,874 ÷ 84,769,644 shares) | $ 26.43 |
See accompanying notes which are an integral part of the financial statements.
Semiannual Report
Financial Statements - continued
Statement of Operations
Six months ended August 31, 2011 (Unaudited) | ||
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Investment Income |
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Income distributions from underlying funds |
| $ 18,242,704 |
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Expenses | ||
Management fee | $ 1,194,416 | |
Independent trustees' compensation | 4,243 | |
Total expenses before reductions | 1,198,659 | |
Expense reductions | (240,738) | 957,921 |
Net investment income (loss) | 17,284,783 | |
Realized and Unrealized Gain (Loss) Realized gain (loss) on sale of underlying fund shares | (548,404) | |
Capital gain distributions from underlying funds | 3,577,373 |
|
Total net realized gain (loss) |
| 3,028,969 |
Change in net unrealized appreciation (depreciation) on underlying funds | (184,847,317) | |
Net gain (loss) | (181,818,348) | |
Net increase (decrease) in net assets resulting from operations | $ (164,533,565) |
See accompanying notes which are an integral part of the financial statements.
Semiannual Report
Statement of Changes in Net Assets
| Six months ended August 31, 2011 (Unaudited) | Year ended |
Increase (Decrease) in Net Assets |
|
|
Operations |
|
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Net investment income (loss) | $ 17,284,783 | $ 43,045,894 |
Net realized gain (loss) | 3,028,969 | (17,312,460) |
Change in net unrealized appreciation (depreciation) | (184,847,317) | 382,499,897 |
Net increase (decrease) in net assets resulting | (164,533,565) | 408,233,331 |
Distributions to shareholders from net investment income | (1,292,546) | (44,298,227) |
Distributions to shareholders from net realized gain | - | (3,327,227) |
Total distributions | (1,292,546) | (47,625,454) |
Share transactions | 212,893,803 | 461,341,222 |
Reinvestment of distributions | 1,234,334 | 45,288,835 |
Cost of shares redeemed | (233,175,805) | (502,437,605) |
Net increase (decrease) in net assets resulting from share transactions | (19,047,668) | 4,192,452 |
Total increase (decrease) in net assets | (184,873,779) | 364,800,329 |
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Net Assets | ||
Beginning of period | 2,425,008,653 | 2,060,208,324 |
End of period (including undistributed net investment income of $17,077,855 and undistributed net investment income of $1,085,618, respectively) | $ 2,240,134,874 | $ 2,425,008,653 |
Other Information Shares | ||
Sold | 7,660,115 | 17,917,218 |
Issued in reinvestment of distributions | 43,631 | 1,683,190 |
Redeemed | (8,447,459) | (19,922,525) |
Net increase (decrease) | (743,713) | (322,117) |
See accompanying notes which are an integral part of the financial statements.
Semiannual Report
Financial Highlights
| Six months ended August 31, 2011 | Years ended February 28, | ||||
| (Unaudited) | 2011 | 2010 | 2009 | 2008 G | 2007 |
Selected Per-Share Data |
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| |
Net asset value, beginning of period | $ 28.36 | $ 24.00 | $ 16.64 | $ 28.30 | $ 29.69 | $ 27.21 |
Income from Investment Operations |
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Net investment income (loss) D | .20 | .51 | .54 | .64 | .69 | .57 |
Net realized and unrealized gain (loss) | (2.11) | 4.42 | 7.35 | (11.56) | (1.24) | 2.77 |
Total from investment operations | (1.91) | 4.93 | 7.89 | (10.92) | (.55) | 3.34 |
Distributions from net investment income | (.02) | (.53) | (.50) | (.62) | (.66) | (.53) |
Distributions from net realized gain | - | (.04) | (.03) | (.12) | (.18) | (.33) |
Total distributions | (.02) | (.57) | (.53) | (.74) | (.84) | (.86) |
Net asset value, end of period | $ 26.43 | $ 28.36 | $ 24.00 | $ 16.64 | $ 28.30 | $ 29.69 |
Total Return B, C | (6.76)% | 20.68% | 47.36% | (39.07)% | (2.06)% | 12.38% |
Ratios to Average Net Assets F |
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Expenses before reductions | .10% A | .10% | .10% | .10% | .10% | .10% |
Expenses net of fee waivers, if any | .08% A | .08% | .08% | .08% | .08% | .08% |
Expenses net of all reductions | .08% A | .08% | .08% | .08% | .08% | .08% |
Net investment income (loss) | 1.44% A | 2.00% | 2.42% | 2.65% | 2.24% | 2.03% |
Supplemental Data |
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Net assets, end of period (000 omitted) | $ 2,240,135 | $ 2,425,009 | $ 2,060,208 | $ 1,234,201 | $ 1,838,953 | $ 1,702,467 |
Portfolio turnover rate E | 12% A | 19% | 26% | 21% | 8% | 1% |
A Annualized B Total returns for periods of less than one year are not annualized. C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown. D Calculated based on average shares outstanding during the period. E Amounts do not include the activity of the underlying funds. F Expense ratios reflect operating expenses of the Fund. Expenses before reductions do not reflect amounts reimbursed by the investment adviser or reductions from expense offset arrangements and do not represent the amount paid by the Fund during periods when reimbursements or reductions occur. Expenses net of fee waivers reflect expenses after reimbursement by the investment adviser but prior to reductions from expense offset arrangements. Expenses net of all reductions represent the net expenses paid by the Fund but do not include expenses of the investment companies in which the Fund invests. G For the year ended February 29. |
See accompanying notes which are an integral part of the financial statements.
Semiannual Report
Notes to Financial Statements
For the period ended August 31, 2011 (Unaudited)
1. Organization.
Fidelity Four-in-One Index Fund (the Fund) is a fund of Fidelity Oxford Street Trust (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Delaware statutory trust. The Fund invests primarily in a combination of Fidelity index funds (the Underlying Funds) managed by Fidelity Management & Research Company (FMR). Geode Capital Management, LLC serves as sub-adviser for the underlying stock funds.
2. Significant Accounting Policies.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The following summarizes the significant accounting policies of the Fund:
Security Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:
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)
Valuation techniques used to value the Fund's investments by major category are as follows. Investments in the Underlying Funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Income and capital gain distributions from the Underlying Funds, if any, are recorded on the ex-dividend date.
Semiannual Report
2. Significant Accounting Policies - continued
Expenses. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of the Fund and do not include any expenses associated with the Underlying Funds. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.
Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company, including distributing substantially all of its taxable income and realized gains under Subchapter M of the Internal Revenue Code and filing its U.S. federal tax return. As a result, no provision for income taxes is required. A fund's federal tax return is subject to examination by the Internal Revenue Service (IRS) for a period of three years.
Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.
Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Temporary book-tax differences will reverse in a subsequent period.
Book-tax differences are primarily due to short-term gain distributions from the Underlying Funds, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.
The federal tax cost of investment securities and unrealized appreciation (depreciation) as of period end:
Gross unrealized appreciation | $ 202,014,757 |
Gross unrealized depreciation | (53,825,151) |
Net unrealized appreciation (depreciation) on securities and other investments | $ 148,189,606 |
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Tax cost | $ 2,091,916,248 |
Under the recently enacted Regulated Investment Company Modernization Act of 2010 (the Act), the Fund will be permitted to carry forward capital losses incurred in taxable years beginning after December 22, 2010 for an unlimited period. However, any losses incurred during those future taxable years will be required to be utilized prior to any losses incurred in pre-enactment taxable years, which generally expire after eight years from when they are incurred. Additionally, post-enactment capital losses that are carried
Semiannual Report
Notes to Financial Statements (Unaudited) - continued
2. Significant Accounting Policies - continued
Income Tax Information and Distributions to Shareholders - continued
forward will retain their character as either short-term or long-term capital losses rather than being considered all short-term as under previous law. The Fund's first fiscal year end subject to the Act will be February 29, 2012.
3. Purchases and Sales of Investments.
Purchases and redemptions of the Underlying Fund shares aggregated $149,606,674 and $149,082,116, respectively.
4. Fees and Other Transactions with Affiliates.
Management Fee. Strategic Advisers, Inc. (Strategic Advisers), an affiliate of FMR, provides the Fund with investment management related services. For these services the Fund pays a monthly management fee to Strategic Advisers. The management fee is computed at an annual rate of ..10% of the Fund's average net assets. The management fee is reduced by an amount equal to the fees and expenses paid by the Fund to the independent Trustees.
Other Transactions. Strategic Advisers has entered into an administration agreement with FMR under which FMR provides management and administrative services (other than investment advisory services) necessary for the operation of the Fund. Pursuant to this agreement, FMR pays all expenses of the Fund, excluding the compensation of the independent Trustees and certain other expenses such as interest expense. FMR also contracts with other Fidelity companies to perform the services necessary for the operation of the Fund. For the services under the agreement, Strategic Advisers pays FMR a monthly administration fee equal to the management fee received by Strategic Advisers, minus an amount equal to an annual rate of .02% of the Fund's average net assets. The Fund does not pay any fees for these services.
5. Expense Reductions.
FMR voluntarily agreed to reimburse the Fund to the extent annual operating expenses exceeded .08% of average net assets. Some expenses, for example interest expense, are excluded from this reimbursement. During the period this reimbursement reduced the Fund's expenses by $240,738.
6. Other.
The Fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the Fund. In the normal course of business, the Fund may also
Semiannual Report
6. Other - continued
enter into contracts that provide general indemnifications. The Fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against the Fund. The risk of material loss from such claims is considered remote.
Semiannual Report
Investment Adviser
Strategic Advisers, Inc.
Boston, MA
General Distributor
Fidelity Distributors Corporation
Boston, MA
Transfer and Service Agents
Fidelity Investments Institutional
Operations Company, Inc.
Boston, MA
Fidelity Service Company, Inc.
Boston, MA
Custodian
The Bank of New York Mellon
New York, NY
The Fidelity Telephone Connection
Mutual Fund 24-Hour Service
Exchanges/Redemptions
and Account Assistance 1-800-544-6666
Product Information 1-800-544-6666
Retirement Accounts 1-800-544-4774
(8 a.m. - 9 p.m.)
TDD Service 1-800-544-0118
for the deaf and hearing impaired
(9 a.m. - 9 p.m. Eastern time)
Fidelity Automated Service
Telephone (FAST ®)
1-800-544-5555
Automated line for quickest service
IDV-USAN-1011 1.790939.108
Item 2. Code of Ethics
Not applicable.
Item 3. Audit Committee Financial Expert
Not applicable.
Item 4. Principal Accountant Fees and Services
Not applicable.
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 Fidelity Oxford Street 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 Fidelity Oxford 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 second fiscal quarter of 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. Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | 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. |
(a) | (3) | Not applicable. |
(b) |
| Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT. |
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 Oxford Street Trust
By: | /s/John R. Hebble |
| John R. Hebble |
| President and Treasurer |
|
|
Date: | October 27, 2011 |
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/John R. Hebble |
| John R. Hebble |
| President and Treasurer |
|
|
Date: | October 27, 2011 |
By: | /s/Christine Reynolds |
| Christine Reynolds |
| Chief Financial Officer |
|
|
Date: | October 27, 2011 |