0000751199 2011-09-30 2012-09-29 0000751199 fif:S000007068Member 2011-09-30 2012-09-29 0000751199 fif:S000007068Member fif:C000019282Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:RetailMember fif:C000019278Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:RetailMember fif:ReturnBeforeTaxesMember fif:C000019278Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:RetailMember rr:AfterTaxesOnDistributionsMember fif:C000019278Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:RetailMember rr:AfterTaxesOnDistributionsAndSalesMember fif:C000019278Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:RetailMember fif:BarclaysSixMonthSwapIndexMember 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:InstMember 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:RetailMember 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:InstMember fif:C000019281Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember fif:C000019279Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember fif:C000019280Member 2011-09-30 2012-09-29 0000751199 fif:S000007068Member fif:ReturnBeforeTaxesMember fif:C000019282Member 2011-09-30 2012-09-29 0000751199 fif:S000007068Member rr:AfterTaxesOnDistributionsMember fif:C000019282Member 2011-09-30 2012-09-29 0000751199 fif:S000007068Member rr:AfterTaxesOnDistributionsAndSalesMember fif:C000019282Member 2011-09-30 2012-09-29 0000751199 fif:S000007068Member fif:BarclaysGnmaIndexMember 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember fif:ReturnBeforeTaxesMember fif:C000019279Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember rr:AfterTaxesOnDistributionsMember fif:C000019279Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember rr:AfterTaxesOnDistributionsAndSalesMember fif:C000019279Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember fif:ReturnBeforeTaxesMember fif:C000019280Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:AtMember fif:BarclaysSixMonthSwapIndexMember 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:InstMember fif:ReturnBeforeTaxesMember fif:C000019281Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:InstMember rr:AfterTaxesOnDistributionsMember fif:C000019281Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:InstMember rr:AfterTaxesOnDistributionsAndSalesMember fif:C000019281Member 2011-09-30 2012-09-29 0000751199 fif:S000007067Member fif:InstMember fif:BarclaysSixMonthSwapIndexMember 2011-09-30 2012-09-29 iso4217:USD pure 485BPOS 2012-07-31 FIDELITY INCOME FUND /MA/ 0000751199 false 2012-09-27 2012-09-29 Fund Summary Fund: Fidelity® GNMA Fund Investment Objective Fee Table Shareholder fees (fees paid directly from your investment) Annual fund operating expenses (expenses that you pay each year as a % of the value of your investment) Portfolio Turnover Principal Investment Strategies Year-by-Year Returns Calendar Years Average Annual Returns The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. 0 0 0.0013 0.0045 46 144 0 252 0.0013 0.0045 This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: 46 144 252 0.0005 -0.0005 0.0004 0.0022 0.0006 -0.007 -0.0037 0.0243 The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 263% of the average value of its portfolio. 0.0187 0.0296 -0.0783 0.0096 0.0115 0.0005 <ul><li>Normally investing at least 80% of assets in Ginnie Maes and repurchase agreements for Ginnie Maes.</li><li>Investing in other U.S. Government securities and instruments related to U.S. Government securities.</li><li>Investing in U.S. Government securities issued by entities that are chartered or sponsored by Congress but whose securities are neither issued nor guaranteed by the U.S. Treasury.</li><li>Managing the fund to have similar overall interest rate risk to the Barclays GNMA Index.</li><li>Allocating assets across different market sectors and maturities.</li><li>Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.</li><li>Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.</li></ul> <ul><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.</li><li>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund. You could lose money by investing in the fund. Fund Summary Fund/Class: Fidelity® Ultra-Short Bond Fund/Fidelity Advisor® Ultra-Short Bond Fund Institutional The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 80% of the average value of its portfolio. The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund. Past performance (before and after taxes) is not an indication of future performance. www.fidelity.com 0.0867 0.022 0.0268 0.0712 0.0692 0.0791 Investment Objective <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">3.73% </div></td><td><div align="left">December 31, 2008</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-0.91% </div></td><td><div align="left">June 30, 2004</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">1.90% </div></td><td><div align="left">June 30, 2012</div></td></tr></table> Fee Table The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund. Shareholder fees (fees paid directly from your investment) Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) Year-to-Date Return 2012-06-30 0.019 2008-12-31 0.0373 Lowest Quarter Return 2004-06-30 0 0.0016 0.0048 This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: Fund Summary Fund/Class: Fidelity® Ultra-Short Bond Fund/Fidelity Advisor® Ultra-Short Bond Fund A, T 49 154 269 Investment Objective Fund Summary Fund/Class: Fidelity® Ultra-Short Bond Fund/Fidelity Ultra-Short Bond Fund Investment Objective Fee Table After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. For the periods ended December 31, 2011 Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 80% of the average value of its portfolio. Fee Table Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) Portfolio Turnover Principal Investment Strategies The following table describes the fees and expenses that may be incurred when you buy, hold, or sell shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $250,000 in the fund or certain other Fidelity funds. More information about these and other discounts is available from your investment professional and in the Fund Distribution section beginning on page (Click Here) of the prospectus. Shareholder fees (fees paid directly from your investment) 0 0 After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. For the periods ended December 31, 2011 Average Annual Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) <ul><li>Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types, and repurchase agreements for those securities.</li> <li>Normally investing in U.S. dollar-denominated money market and investment-grade debt securities and repurchase agreements.</li> <li>Managing the fund to have similar overall interest rate risk to the Barclays® 6 Month Swap Index.</li> <li>Normally maintaining a dollar-weighted average maturity of two years or less.</li> <li>Allocating assets across different market sectors and maturities.</li> <li>Investing more than 25% of total assets in the financial services industries.</li> <li>Investing in domestic and foreign issuers.</li> <li>Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.</li> <li>Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.</li></ul> <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">1.42% </div></td><td><div align="left">September 30, 2006</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-6.94% </div></td><td><div align="left">March 31, 2008</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">0.87% </div></td><td><div align="left">June 30, 2012</div></td></tr></table> 0.0791 0.0636 0.0522 0.079 0.0574 0.0402 0.039 0.0583 <ul><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li> <li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</li> <li>Financial Services Exposure. Changes in government regulation and interest rates and economic downturns can have a significant negative effect on issuers in the financial services sector.</li> <li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li> <li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.</li> <li>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</li></ul> An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund. 0.0015 0.0015 0.0019 0.0025 0.0066 0.0072 You could lose money by investing in the fund. 216 222 358 377 512 545 0.0275 -0.0817 0.0088 -0.0014 The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Past performance (before and after taxes) is not an indication of future performance. www.advisor.fidelity.com Year-by-Year Returns Calendar Years 0.0292 -0.0791 0.0087 0.0002 -0.0164 -0.0168 -0.0107 -0.0168 0.0022 -0.0075 -0.0149 -0.0104 -0.0077 0.0272 <ul><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease.</li><li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</li><li>Financial Services Exposure. Changes in government regulation and interest rates and economic downturns can have a significant negative effect on issuers in the financial services sector.</li><li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change.</li><li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole.</li> <li>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly.</li></ul>An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund. Fidelity GNMA Fund Fidelity GNMA Fund Fidelity GNMA Fund Return After Taxes on Distributions Return Before Taxes Return After Taxes on Distributions and Sale of Fund Shares Barclays GNMA Index <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">1.41% </div></td><td><div align="left">September 30, 2006</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-6.95% </div></td><td><div align="left">March 31, 2008</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">0.88% </div></td><td><div align="left">June 30, 2012</div></td></tr></table> <ul><li>Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types, and repurchase agreements for those securities.</li><li>Normally investing in U.S. dollar-denominated money market and investment-grade debt securities and repurchase agreements.</li><li>Managing the fund to have similar overall interest rate risk to the Barclays® 6 Month Swap Index.</li><li>Normally maintaining a dollar-weighted average maturity of two years or less.</li> <li>Allocating assets across different market sectors and maturities.</li><li>Investing more than 25% of total assets in the financial services industries.</li><li>Investing in domestic and foreign issuers.</li><li>Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments.</li><li>Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure.</li></ul> Year-to-Date Return This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: 2012-06-30 0.0088 2006-09-30 0.0141 Lowest Quarter Return 2008-03-31 Portfolio Turnover Average Annual Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. For the periods ended December 31, 2011 The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 80% of the average value of its portfolio. Principal Investment Strategies After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. 0.0002 -0.0007 0.0002 0.0022 -0.0039 -0.0119 -0.0076 0.0272 <ul><li>Normally investing at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types, and repurchase agreements for those securities. </li> <li>Normally investing in U.S. dollar-denominated money market and investment-grade debt securities and repurchase agreements. </li> <li>Managing the fund to have similar overall interest rate risk to the Barclays® 6 Month Swap Index. </li> <li>Normally maintaining a dollar-weighted average maturity of two years or less. </li> <li>Allocating assets across different market sectors and maturities. </li> <li>Investing more than 25% of total assets in the financial services industries. </li> <li>Investing in domestic and foreign issuers. </li><li>Analyzing the credit quality of the issuer, security-specific features, current and potential future valuation, and trading opportunities to select investments. </li> <li>Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives - such as swaps (interest rate, total return, and credit default), options, and futures contracts - and forward-settling securities, to adjust the fund's risk exposure. </li></ul> www.fidelity.com <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityGNMAFundBarChart column period compact * ~</div> <ul><li>Interest Rate Changes. Interest rate increases can cause the price of a debt security to decrease. </li> <li>Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </li> <li>Financial Services Exposure. Changes in government regulation and interest rates and economic downturns can have a significant negative effect on issuers in the financial services sector. </li> <li>Prepayment. The ability of an issuer of a debt security to repay principal prior to a security's maturity can cause greater price volatility if interest rates change. </li> <li>Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. </li> <li>Leverage Risk. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. </li></ul> An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Unlike individual debt securities, which typically pay principal at maturity, the value of an investment in the fund will fluctuate. You could lose money by investing in the fund. <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityGNMAFund column period compact * ~</div> Year-by-Year Returns Return Before Taxes Return After Taxes on Distributions Return After Taxes on Distributions and Sale of Fund Shares Barclays® 6 Month Swap Index 2006-09-30 Year-to-Date Return 0.0142 Lowest Quarter Return 2008-03-31 2012-06-30 Year-to-Date Return 2012-06-30 0.0087 0.0076 2006-09-30 0.0135 Lowest Quarter Return 2008-03-31 Average Annual Returns <table border="1" width="95%"><tr><td><div align="left">During the periods shown in the chart for Class A: </div></td><td valign="bottom" align="center"><div align="center">Returns </div></td><td valign="bottom" align="center"><div align="center">Quarter ended</div></td></tr><tr><td><div align="left">Highest Quarter Return </div></td><td><div align="right">1.35% </div></td><td><div align="left">September 30, 2006</div></td></tr><tr><td><div align="left">Lowest Quarter Return </div></td><td><div align="right">-7.00% </div></td><td><div align="left">March 31, 2008</div></td></tr><tr><td><div align="left">Year-to-Date Return </div></td><td><div align="right">0.76% </div></td><td><div align="left">June 30, 2012</div></td></tr></table> Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. For the periods ended December 31, 2011 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $250,000 in the fund or certain other Fidelity funds. 250000 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityUltraShortBondFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityUltraShortBondFund column period compact * ~</div> You could lose money by investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityUltra-ShortBondFundBarChart column period compact * ~</div> Past performance (before and after taxes) is not an indication of future performance. www.advisor.fidelity.com <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityUltraShortBondFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityGNMAFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityGNMAFund column period compact * ~</div> Unlike the returns in the bar chart, the returns in the table reflect the maximum applicable sales charges. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. After-tax returns for Class A are shown in the table below and after-tax returns for other classes will vary. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. 2004-06-16 2004-06-16 2004-06-16 2004-06-16 Past performance (before and after taxes) is not an indication of future performance. Purchases of $250,000 or more will not be subject to a front-end sales charge, but may be subject to a 0.50% contingent deferred sales charge (CDSC) if the intermediary has elected an upfront finder's fee at the time the shares are purchased, or a 0.75% CDSC if the shares purchased are recordkept in a Fidelity Advisor 401(k) Retirement Plan. Purchases of $250,000 or more will not be subject to a front-end sales charge but may be subject to a 0.25% CDSC if a finder's fee is paid at the time the shares are purchased. <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityUltraShortBondFundInstitutionalClass column period compact * ~</div> Institutional Class Institutional Class Institutional Class Class A - Return Before Taxes Class A - Return After Taxes on Distributions Barclays® 6 Month Swap Index <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityUltraShortBondFundInstitutionalClass column period compact * ~</div> Class T - Return Before Taxes <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityUltra-ShortBondFundInstitutionalClassBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityUltraShortBondFundInstitutionalClass column period compact * ~</div> Class A - Return After Taxes on Distributions and Sale of Fund Shares 0.015 0.015 Return After Taxes on Distributions and Sale of Fund Shares Return After Taxes on Distributions Return Before Taxes Fidelity Ultra-Short Bond Fund Fidelity Ultra-Short Bond Fund Barclays® 6 Month Swap Index Fidelity Ultra-Short Bond Fund 2004-06-16 2004-06-16 2004-06-16 2004-06-16 2004-06-16 <div style="display:none">~ http://www.fidelity.com/role/ScheduleShareholderFeesFidelityUltraShortBondFundClassAT column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualFundOperatingExpensesFidelityUltraShortBondFundClassAT column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAnnualTotalReturnsFidelityUltra-ShortBondFundClassATBarChart column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleAverageAnnualTotalReturnsTransposedFidelityUltraShortBondFundClassAT column period compact * ~</div> 2002-08-29 2002-08-29 2002-08-29 2002-08-29 You could lose money by investing in the fund. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. Shareholder fees (fees paid directly from your investment) Principal Investment Strategies 2012-09-29 Principal Investment Risks Performance The fund seeks a high level of current income consistent with prudent investment risk. In seeking current income, the fund may also consider the potential for capital gain. 0.0032 0.0032 567 567 -0.0222 -0.0282 -0.022 0.0231 2.63 0.0132 0.049 -0.0509 An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. The fund seeks to obtain a high level of current income consistent with preservation of capital. -0.0025 0.042 0.0413 0.0676 0.07 The fund seeks to obtain a high level of current income consistent with preservation of capital. -0.0025 Highest Quarter Return 0.0032 -0.0091 604 The fund seeks to obtain a high level of current income consistent with preservation of capital. 0.8 Principal Investment Risks -0.0025 -0.0025 Performance Principal Investment Risks 0.0714 0.0533 0.0506 0.0695 The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for updated return information. 0.0032 0.0032 An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Performance 960 1031 The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. 0.0473 -0.0538 0.0096 0.0486 -0.0512 0.0109 -0.0274 -0.0327 -0.0259 -0.0277 0.0231 Highest Quarter Return -0.0695 -0.0228 -0.0286 -0.0223 0.0231 Principal Investment Risks 0.8 Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the Additional Information about the Index section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.advisor.fidelity.com for updated return information. Highest Quarter Return -0.0694 Highest Quarter Return -0.07 <ul><li>Investing more than 25% of total assets in the financial services industries.</li></ul> 0.8 <ul><li>Investing more than 25% of total assets in the financial services industries.</li></ul> An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityUltraShortBondFund column period compact * ~</div> The returns in the bar chart do not reflect any applicable sales charges; if sales charges were reflected, returns would be lower than those shown. Calendar Years An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityGNMAFund column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityUltraShortBondFundInstitutionalClass column period compact * ~</div> <div style="display:none">~ http://www.fidelity.com/role/ScheduleExpenseExampleFidelityUltraShortBondFundClassAT column period compact * ~</div> <ul><li>Investing more than 25% of total assets in the financial services industries.</li></ul> Purchases of $250,000 or more will not be subject to a front-end sales charge, but may be subject to a 0.50% contingent deferred sales charge (CDSC) if the intermediary has elected an upfront finder's fee at the time the shares are purchased, or a 0.75% CDSC if the shares purchased are recordkept in a Fidelity Advisor 401(k) Retirement Plan. Purchases of $250,000 or more will not be subject to a front-end sales charge but may be subject to a 0.25% CDSC if a finder's fee is paid at the time the shares are purchased. From June 16, 2004. From August 29, 2002.