N-Q 1 main.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-2861

Fidelity Money Market 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:

August 31

 

 

Date of reporting period:

November 30, 2010

Item 1. Schedule of Investments

Quarterly Holdings Report

for
Fidelity ® Money Market Trust
Retirement Government
Money Market Portfolio

November 30, 2010 

1.810688.106

RGM-QTLY-0111

Investments November 30, 2010 (Unaudited)

Showing Percentage of Net Assets

U.S. Government and Government Agency Obligations - 9.4%

 

Due Date

Yield (a)

Principal Amount (000s)

Value (000s)

Other Government Related - 9.4%

Straight-A Funding LLC (Liquidity Facility Federal Financing Bank)

 

12/9/10 to 12/16/10

0.25 to 0.25% (b)

$ 433,260

$ 433,233

Federal Agencies - 41.4%

 

Fannie Mae - 1.4%

 

3/23/11 to 4/11/11

0.25 to 0.27

62,089

62,469

Federal Home Loan Bank - 37.7%

 

12/7/10 to 2/9/12

0.16 to 0.60 (c)

1,741,855

1,741,795

Freddie Mac - 2.3%

 

4/11/11 to 9/22/11

0.25 to 0.40

105,000

106,125

TOTAL FEDERAL AGENCIES

1,910,389

U.S. Treasury Obligations - 4.7%

 

U.S. Treasury Bills - 3.1%

 

1/27/11 to 6/2/11

0.20 to 0.22

145,000

144,892

U.S. Treasury Notes - 1.6%

 

9/30/11

0.31 to 0.32

75,000

75,418

TOTAL U.S. TREASURY OBLIGATIONS

220,310

Repurchase Agreements - 46.4%

Maturity Amount (000s)

 

In a joint trading account at 0.26% dated 11/30/10 due 12/1/10 (Collateralized by U.S. Government Obligations) #

$ 1,544,769

1,544,758

With:

BNP Paribas Securities Corp. at 0.23%, dated 11/24/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $113,225,064, 4.5% - 6.5%, 5/1/30 - 11/1/40)

111,126

111,000

Deutsche Bank Securities, Inc. at:

0.22%, dated 11/16/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $224,420,570, 4.5% - 7%, 6/1/37 - 8/1/40)

220,079

220,000

0.23%, dated:

10/26/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $14,283,285, 7%, 10/1/38)

14,016

14,000

Repurchase Agreements - continued

Maturity Amount (000s)

Value (000s)

With: - continued

11/4/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $21,423,695, 7%, 10/1/38)

$ 21,024

$ 21,000

0.24%, dated 11/15/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $13,261,414, 6.5%- 7%, 9/1/38 - 10/1/38)

13,016

13,000

0.25%, dated:

9/28/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $24,490,880, 7%, 10/1/38)

24,030

24,000

12/1/10 due 12/8/10 (d)

13,017

13,000

ING Financial Markets LLC at:

0.23%, dated:

10/18/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $7,145,764, 5%, 4/1/40)

7,004

7,000

10/25/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $7,143,247, 5%- 5.5%, 3/1/37 - 4/1/40)

7,004

7,000

11/8/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $12,241,980, 4%- 6%, 7/1/25 - 11/1/38)

12,014

12,000

0.24%, dated:

10/13/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $57,138,829, 2.6%- 5.92%, 5/1/28 - 5/1/38)

56,067

56,000

10/18/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $7,145,732, 5%- 5.5%, 1/1/35 - 4/1/40)

7,008

7,000

10/25/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $7,143,898, 5.5%, 1/1/35)

7,008

7,000

11/8/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $12,242,518, 4%, 7/1/25)

12,007

12,000

11/15/10 due:

12/7/10 (Collateralized by U.S. Government Obligations valued at $3,063,414, 5.5%, 8/1/38)

3,002

3,000

12/7/10 (Collateralized by U.S. Government Obligations valued at $3,060,569, 4%, 5/1/25)

3,004

3,000

Repurchase Agreements - continued

Maturity Amount (000s)

Value (000s)

With: - continued

0.25%, dated 10/1/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $7,145,764, 5%, 4/1/40)

$ 7,009

$ 7,000

0.28%, dated:

8/17/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $21,439,878, 4%- 6.5%, 3/1/25 - 7/1/37)

21,028

21,000

9/2/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $4,084,376, 4%- 6.5%, 5/1/25 - 5/1/37)

4,006

4,000

Morgan Stanley & Co., Inc. at 0.24%, dated 11/5/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $13,262,298, 6.5%, 9/1/38)

13,007

13,000

RBC Capital Markets Corp. at 0.24%, dated 12/1/10 due 12/8/10 (d)

7,004

7,000

RBS Securities, Inc. at 0.25%, dated 10/27/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $7,144,275, 5.35%, 9/1/38)

7,009

7,000

Wells Fargo Securities, LLC at:

0.24%, dated 10/21/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $3,060,837, 3.5%, 11/1/25)

3,002

3,000

0.25%, dated 10/21/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $3,060,872, 3.5%, 11/1/25)

3,004

3,000

TOTAL REPURCHASE AGREEMENTS

2,139,758

TOTAL INVESTMENT PORTFOLIO - 101.9%

(Cost $4,703,690)

4,703,690

NET OTHER ASSETS (LIABILITIES) - (1.9)%

(89,795)

NET ASSETS - 100%

$ 4,613,895

Legend

(a) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(b) The Federal Financing Bank, an instrumentality of the U.S. Government acting under the supervision of the Secretary of the Treasury (FFB), has entered into a Liquidity Loan Agreement with Straight-A Funding LLC (Issuer), pursuant to which the FFB has committed, subject to certain conditions, to provide financing to the Issuer to cover any payment deficiencies in respect of notes on their legal final maturity dates. At the end of the period, these securities amounted to $433,233,000, or 9.4% of net assets.

(c) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(d) Represents a forward settling transaction and therefore no collateral securities had been allocated as of period end. The agreement contemplated the delivery of Mortgage Loan Obligations as collateral on settlement date.

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value
(Amounts in
thousands)

$1,544,758,000 due 12/01/10 at 0.26%

BNP Paribas Securities Corp.

$ 97,846

Bank of America NA

546,691

Citibank NA

9,112

Citigroup Global Markets, Inc.

72,892

Credit Agricole Securities (USA), Inc.

36,446

Deutsche Bank Securities, Inc.

218,677

Goldman, Sachs & Co.

36,446

HSBC Securities (USA), Inc.

127,562

ING Financial Markets LLC

68,337

J.P. Morgan Securities, Inc.

36,446

Morgan Stanley & Co., Inc.

27,335

RBC Capital Markets Corp.

10,023

RBS Securities, Inc.

18,223

Societe Generale, New York Branch

36,446

UBS Securities LLC

87,471

Wells Fargo Securities LLC

114,805

 

$ 1,544,758

Other Information

The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets.

All investments are categorized as Level 2 under the Fair Value Hierarchy. 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 Investment Valuation section at the end of this listing.

Income Tax Information

At November 30, 2010, the cost of investment securities for income tax purposes was $4,703,690,000.

Investment Valuation

Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. 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).

As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value and are categorized as Level 2 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please

see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

or an affiliate.

Quarterly Report

Quarterly Holdings Report

for

Fidelity ® Money Market Trust
Retirement Money Market
Portfolio

November 30, 2010 

1.810718.106

RMM-QTLY-0111

Investments November 30, 2010 (Unaudited)

Showing Percentage of Net Assets

Corporate Bonds - 0.2%

 

 

Yield (a)

Principal Amount (000s)

Value (000s)

LP Pinewood SPV LLC Taxable VRDN, LOC Wells Fargo Bank NA

 

12/7/10

0.28% (d)

$ 25,000

$ 25,000

Certificates of Deposit - 46.9%

 

London Branch, Eurodollar, Foreign Banks - 14.0%

Credit Agricole SA

 

1/4/11 to 5/3/11

0.30 to 0.45

558,000

558,000

Credit Industriel et Commercial

 

12/1/10 to 2/10/11

0.35 to 0.42

380,000

380,000

Danske Bank AS

 

12/3/10 to 2/9/11

0.31 to 0.34

184,000

184,000

DZ BANK AG

 

1/12/11

0.35

78,000

78,000

HSBC Bank PLC

 

12/6/10 to 8/29/11

0.50 to 0.70

81,000

81,000

ING Bank NV

 

12/2/10 to 2/22/11

0.30 to 0.31

478,000

478,000

Landesbank Hessen-Thuringen

 

12/20/10 to 2/18/11

0.40 to 0.54

250,000

250,000

National Australia Bank Ltd.

 

12/31/10

0.32

157,000

157,000

Societe Generale

 

2/1/11 to 2/7/11

0.32 to 0.33

100,000

100,000

 

 

2,266,000

New York Branch, Yankee Dollar, Foreign Banks - 32.9%

Banco Bilbao Vizcaya Argentaria SA New York Branch

 

12/7/10 to 12/17/10

0.50 to 0.65 (d)

120,000

120,000

Bank of Montreal

 

3/17/11 to 9/6/11

0.27 to 0.50 (d)

185,000

185,000

Bank of Nova Scotia

 

12/6/10 to 12/16/11

0.26 to 0.35 (d)

187,000

187,000

Bank of Tokyo-Mitsubishi

 

12/15/10 to 7/11/11

0.30 to 0.62

712,000

712,000

BNP Paribas New York Branch

 

12/7/10 to 3/16/11

0.30 to 0.50

746,000

745,998

Canadian Imperial Bank of Commerce New York Branch

 

4/1/11 to 11/7/11

0.34 to 0.41 (d)

236,000

236,001

Certificates of Deposit - continued

 

 

Yield (a)

Principal Amount (000s)

Value (000s)

New York Branch, Yankee Dollar, Foreign Banks - continued

Commerzbank AG New York Branch

 

12/7/10 to 12/21/10

0.48 to 0.55% (d)

$ 162,000

$ 162,000

Credit Agricole CIB

 

12/9/10

0.50

175,000

175,000

Credit Industriel et Commercial

 

12/9/10

0.40

46,000

46,000

DZ BANK AG

 

12/10/10 to 12/17/10

0.35

106,000

106,000

Intesa Sanpaolo SpA New York Branch

 

1/4/11

0.35

51,000

51,000

KBC Bank NV

 

12/20/10

0.43

101,000

101,000

Landesbank Baden-Wuerttemberg New York Branch

 

12/9/10

0.34

249,000

249,000

National Bank Canada

 

11/4/11

0.39 (d)

136,000

136,000

Natixis SA

 

12/7/10 to 1/7/11

0.44 to 1.79 (d)

589,000

589,000

Nordea Bank Finland PLC

 

12/17/10 to 1/11/11

0.27 to 0.60

198,000

198,000

Rabobank Nederland New York Branch

 

2/9/11 to 9/12/11

0.25 to 0.50 (d)

317,000

317,000

Royal Bank of Canada

 

7/1/11

0.63 (d)

110,000

110,000

Royal Bank of Canada New York Branch

 

1/21/11 to 3/18/11

0.25 (d)

31,000

31,000

Skandinaviska Enskilda Banken

 

12/27/10

0.30

97,000

97,000

Societe Generale

 

12/3/10 to 2/5/11

0.31 to 1.49 (d)

160,000

160,000

Sumitomo Mitsui Banking Corp.

 

12/10/10 to 1/28/11

0.27 to 0.30

371,000

371,000

Svenska Handelsbanken

 

12/1/10 to 2/24/11

0.27 to 0.35

197,000

197,002

Toronto-Dominion Bank New York Branch

 

2/4/11 to 3/10/11

0.25 (d)

39,000

39,000

 

 

5,321,001

TOTAL CERTIFICATES OF DEPOSIT

7,587,001

Commercial Paper - 14.7%

 

 

Yield (a)

Principal Amount (000s)

Value (000s)

Autobahn Funding (Liquidity Facility DZ Bank AG)

 

12/15/10

0.31%

$ 41,942

$ 41,937

BP Capital Markets PLC

 

1/7/11

0.48

24,000

23,988

Commerzbank U.S. Finance, Inc.

 

1/4/11 to 2/7/11

0.33 to 0.42

288,000

287,861

Commonwealth Bank of Australia

 

12/2/10 to 10/28/11

0.27 to 0.35 (d)

151,000

151,000

CVS Caremark Corp.

 

12/1/10

0.40 (d)

51,000

51,000

Dakota Notes (Citibank Credit Card Issuance Trust)

 

12/7/10

0.30

42,300

42,298

Danske Corp.

 

2/10/11 to 2/11/11

0.31

62,000

61,962

Deutsche Bank Financial LLC

 

3/23/11

0.30

147,000

146,863

DnB NOR Bank ASA

 

1/5/11 to 3/7/11

0.35 to 0.62

120,000

119,904

Gotham Funding Corp. (Liquidity Facility Bank Tokyo-Mitsubishi UFJ Ltd.)

 

1/7/11

0.30

40,000

39,988

Hannover Funding Co. LLC (Liquidity Facility Norddeutsche Landesbank Girozentrale) (Liquidity Facility U.S. Bank NA, Minnesota)

 

12/2/10

0.40

15,000

15,000

Intesa Funding LLC

 

12/7/10 to 2/9/11

0.32 to 0.35

153,956

153,918

Landesbank Hessen-Thuringen

 

12/20/10 to 1/6/11

0.40 to 0.53

93,000

92,966

Natexis Banques Populaires U.S. Finance Co. LLC

 

12/1/10 to 2/2/11

0.40 to 0.50

79,000

78,982

Nationwide Building Society

 

12/15/10 to 2/22/11

0.30 to 0.37

92,000

91,970

Commercial Paper - continued

 

 

Yield (a)

Principal Amount (000s)

Value (000s)

Nordea North America, Inc.

 

2/24/11 to 3/1/11

0.35%

$ 41,000

$ 40,966

Novartis Finance Corp.

 

1/18/11 to 2/23/11

0.30 to 0.36

60,000

59,962

Santander Finance, Inc.

 

12/3/10

0.39

92,000

91,998

Skandinaviska Enskilda Banken AB

 

1/7/11

0.30

59,000

58,982

Societe Generale North America, Inc.

 

2/1/11 to 3/1/11

0.33 to 0.35

180,000

179,867

Sumitomo Trust & Banking Co. Ltd.

 

12/13/10

0.35

10,000

9,999

Total Capital Canada Ltd.

 

6/22/11

0.43

15,000

14,964

Unicredit Delaware, Inc.

 

1/14/11

0.44

7,000

6,996

UniCredito Italiano Bank (Ireland) PLC

 

12/7/10 to 1/7/11

0.40 to 0.50

177,000

176,961

Westpac Banking Corp.

 

12/10/10 to 10/7/11

0.30 to 0.34 (d)

337,000

337,000

TOTAL COMMERCIAL PAPER

2,377,332

U.S. Government and Government Agency Obligations - 0.2%

 

Other Government Related - 0.2%

General Electric Capital Corp. (FDIC Guaranteed)

 

3/11/11

0.46 (c)

23,500

23,586

Federal Agencies - 2.5%

 

Federal Home Loan Bank - 2.5%

 

9/15/11 to 11/28/11

0.20 to 0.40 (d)

412,000

411,892

U.S. Treasury Obligations - 8.7%

 

U.S. Treasury Bills - 4.5%

 

2/24/11 to 11/17/11

0.19 to 0.25

729,000

728,336

U.S. Treasury Obligations - continued

 

 

Yield (a)

Principal Amount (000s)

Value (000s)

U.S. Treasury Notes - 4.2%

 

1/31/11 to 11/30/11

0.21 to 0.48%

$ 682,000

$ 685,570

TOTAL U.S. TREASURY OBLIGATIONS

1,413,906

Medium-Term Notes - 6.4%

 

Berkshire Hathaway, Inc.

 

2/10/11

0.27 (d)

41,500

41,500

BP Capital Markets PLC

 

4/11/11

0.42 (d)

59,242

59,242

Commonwealth Bank of Australia

 

12/14/10 to 1/4/11

0.30 (b)(d)

214,000

214,000

Metropolitan Life Global Funding I

 

3/7/11

1.79 (b)(d)

29,000

29,000

Metropolitan Life Insurance Co.

 

2/28/11

0.59 (d)(j)

45,000

45,000

Royal Bank of Canada

 

12/1/11 to 12/15/11

0.29 to 0.69 (b)(d)

351,000

351,000

Westpac Banking Corp.

 

8/23/11 to 12/15/11

0.30 to 0.31 (b)(d)

296,000

296,000

TOTAL MEDIUM-TERM NOTES

1,035,742

Municipal Securities - 2.3%

 

ABAG Fin. Auth. for Nonprofit Corps. Multi-family Hsg. Rev. Series 2000 A, LOC Fannie Mae, VRDN

 

12/7/10

0.29 (d)(e)

15,000

15,000

ABAG Fin. Auth. for Nonprofit Corps. Multi-family Hsg. Rev. Series 2002 A, LOC Fannie Mae, VRDN

 

12/7/10

0.29 (d)(e)

19,995

19,995

Arizona Health Facilities Auth. Rev. Series 2008 A, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.27 (d)

5,600

5,600

Ascension Parish Indl. Dev. Board Rev. Series 2007, LOC Fed. Home Ln. Bank Atlanta, VRDN

 

12/7/10

0.27 (d)

8,000

8,000

Clark County School District Participating VRDN Series BA 08 1127 (Liquidity Facility Bank of America NA)

 

12/7/10

0.32 (d)(f)

16,420

16,420

Beaver County Indl. Dev. Auth. Poll. Cont. Rev. Series 2006 B, LOC Citibank NA, VRDN

 

12/7/10

0.27 (d)

12,600

12,600

Municipal Securities - continued

 

 

Yield (a)

Principal Amount (000s)

Value (000s)

California Hsg. Fin. Agcy. Rev. Series III 2001 E, (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN

 

12/7/10

0.27% (d)(e)

$ 27,330

$ 27,330

Fort Myers Util. Sys. Rev. Series 2009, LOC Bank of America NA, VRDN

 

12/7/10

0.35 (d)

13,800

13,800

Idaho Health Facilities Auth. Rev. Series 2009 A, LOC Wells Fargo Bank NA, VRDN

 

12/7/10

0.30 (d)

17,000

17,000

Illinois Fin. Auth. Poll. Cont. Rev. Series 2008 F, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.28 (d)

10,100

10,100

Illinois Fin. Auth. Rev. Series 2009 D, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.35 (d)

10,500

10,500

Lake County Hosp. Facilities Rev. Series 2008 B, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.29 (d)

14,000

14,000

Milpitas Multiple-family Rev. Series A, LOC Fannie Mae, VRDN

 

12/7/10

0.28 (d)(e)

14,000

14,000

Missouri Health & Edl. Facilities Auth. Edl. Facilities Rev. Participating VRDN Series Putters 3546 (Liquidity Facility JPMorgan Chase Bank)

 

12/7/10

0.30 (d)(f)

11,300

11,300

Nebraska Invt. Fin. Auth. Single Family Hsg. Rev. Series 2008 H, (Liquidity Facility Fed. Home Ln. Bank Topeka), VRDN

 

12/7/10

0.27 (d)(e)

13,105

13,105

New York Hsg. Fin. Agcy. Rev. Series 2005 A, LOC Freddie Mac, VRDN

 

12/7/10

0.25 (d)(e)

66,500

66,500

Ohio Hsg. Fin. Agcy. Residential Mtg. Rev. Series 2006 I, (Liquidity Facility Citibank NA), VRDN

 

12/7/10

0.28 (d)(e)

16,400

16,400

Pennsylvania Higher Edl. Facilities Auth. Rev. Series 2008, LOC TD Banknorth, NA, VRDN

 

12/7/10

0.30 (d)

7,190

7,190

Riverside Elec. Rev., LOC Bank of America NA, VRDN

 

12/7/10

0.32 (d)

30,315

30,315

South Carolina Trans. Infrastructure Bank Rev. Series 2003 B2, LOC Branch Banking & Trust Co., VRDN

 

12/7/10

0.28 (d)

15,000

15,000

Virginia Small Bus. Fing. Series 2006, LOC Bank of America NA, VRDN

 

12/7/10

0.33 (d)

16,000

16,000

Washington Health Care Facilities Auth. Rev. Series 2008 B, LOC Bank of America NA, VRDN

 

12/7/10

0.29 (d)

17,010

17,010

TOTAL MUNICIPAL SECURITIES

377,165

Repurchase Agreements - 19.3%

Maturity Amount (000s)

Value (000s)

In a joint trading account at 0.26% dated 11/30/10 due 12/1/10 (Collateralized by U.S. Government Obligations) #

$ 319,028

$ 319,026

With:

Banc of America Securities LLC at 0.88%, dated 10/28/10 due 1/4/11 (Collateralized by Corporate Obligations valued at $113,283,605, 0% - 6%, 12/1/10 - 6/25/37) (d)(g)

105,175

105,000

Barclays Capital, Inc. at:

0.43%, dated 11/4/10 due 12/15/10 (Collateralized by U.S. Government Obligations valued at $26,570,520, 5% - 8.49%, 11/1/39 - 10/20/60) (d)(g)

26,013

26,000

0.48%, dated 11/30/10 due 12/1/10:

(Collateralized by Commercial Paper Obligations valued at $51,500,687, 12/1/10 - 3/3/11)

50,001

50,000

(Collateralized by Equity Securities valued at $588,607,850)

545,007

545,000

0.53%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $46,200,681, 3.4% - 5.3%, 3/1/13 - 6/15/17)

44,001

44,000

0.68%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $5,402,755, 6%, 10/15/29)

5,000

5,000

1%, dated:

8/24/10 due 3/7/11 (Collateralized by Mortgage Loan Obligations valued at $55,803,038, 0.51% - 5.33%, 2/11/44 - 12/25/45)

53,537

53,000

9/9/10 due 3/7/11 (Collateralized by Mortgage Loan Obligations valued at $54,725,883, 4.5% - 5.33%, 12/25/36 - 2/11/44)

52,526

52,000

10/13/10 due 3/7/11 (Collateralized by Corporate Obligations valued at $36,770,682, 1% - 2.5%, 5/1/14 - 4/15/15)

34,343

34,000

BNP Paribas Securities Corp. at 0.36%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $66,150,662, 6.5%, 6/15/19)

63,001

63,000

Credit Suisse Securities (USA) LLC at 0.36%, dated 11/30/10 due 12/1/10 (Collateralized by Equity Securities valued at $43,201,674)

40,000

40,000

Deutsche Bank Securities, Inc. at:

0.24%, dated 11/15/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $45,904,896, 7%, 8/1/38)

45,055

45,000

0.25%, dated 12/1/10 due 12/8/10 (h)

45,058

45,000

Repurchase Agreements - continued

Maturity Amount (000s)

Value (000s)

With: - continued

Deutsche Bank Securities, Inc. at:

0.41%, dated:

9/28/10 due:

12/7/10 (Collateralized by Corporate Obligations valued at $19,454,170, 0.43% - 12%, 4/1/11 - 12/25/46)

$ 18,018

$ 18,000

12/7/10 (Collateralized by Mortgage Loan Obligations valued at $22,978,410, 0% - 8.38%, 5/10/11 - 12/10/49)

21,022

21,000

10/13/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $28,033,194, 0% - 12%, 12/12/11 - 8/12/49)

26,027

26,000

10/21/10 due 12/7/10 (Collateralized by Mortgage Loan Obligations valued at $28,134,456, 0.52% - 7.7%, 12/25/35 - 5/15/47)

26,027

26,000

10/25/10 due 12/7/10 (Collateralized by Mortgage Loan Obligations valued at $28,090,533, 0.75% - 11.5%, 4/1/11 - 6/25/47)

26,027

26,000

11/8/10 due 12/7/10 (Collateralized by Mortgage Loan Obligations valued at $14,043,678, 0.57% - 6.43%, 12/25/36 - 9/25/37)

13,013

13,000

11/17/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $15,178,573, 5.8% - 9.5%, 8/15/17 - 5/25/37)

14,015

14,000

0.42%, dated:

11/12/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $14,163,127, 2.75%, 11/1/37)

13,004

13,000

11/29/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $26,811,382, 5.75% - 9.25%, 5/15/16 - 4/15/40)

25,026

25,000

0.45%, dated 9/8/10 due 12/7/10 (Collateralized by Mortgage Loan Obligations valued at $28,109,484, 0.52% - 9.38%, 11/1/15 - 9/25/37)

26,029

26,000

0.5%, dated 11/15/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $16,359,295, 6%, 10/15/29 - 11/15/29)

15,006

15,000

Goldman Sachs & Co. at 0.3%, dated 11/24/10 due 12/1/10 (Collateralized by Commercial Paper Obligations valued at $52,533,065, 2/25/11 - 3/24/11)

51,003

51,000

ING Financial Markets LLC at:

0.23%, dated:

10/18/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $23,467,069, 2.37% - 7%, 9/1/21 - 8/1/48)

23,014

23,000

Repurchase Agreements - continued

Maturity Amount (000s)

Value (000s)

With: - continued

ING Financial Markets LLC at:

0.23%, dated:

10/25/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $23,466,056, 4% - 7%, 8/1/23 - 8/1/47)

$ 23,013

$ 23,000

11/8/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $41,826,013, 1.79% - 5.38%, 4/1/20 - 3/1/38)

41,048

41,000

0.24%, dated:

10/18/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $23,466,805, 2.12% - 2.55%, 12/1/20 - 11/1/40)

23,028

23,000

10/25/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $23,467,295, 4.5% - 6.5%, 9/1/27 - 8/1/40)

23,028

23,000

11/8/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $41,826,675, 2.69% - 5.38%, 11/1/35 - 2/1/36)

41,025

41,000

11/15/10 due:

12/7/10 (Collateralized by U.S. Government Obligations valued at $11,224,141, 6%, 11/1/36 - 7/1/39)

11,006

11,000

12/7/10 (Collateralized by U.S. Government Obligations valued at $11,221,347, 4.5% - 6.5%, 4/1/25 - 11/1/36)

11,013

11,000

0.28%, dated 9/2/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $14,290,721, 5% - 6.5%, 4/1/20 - 12/1/37)

14,020

14,000

0.35%, dated:

11/17/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $18,905,883, 4.88% - 6.88%, 1/15/13 - 12/16/36)

18,005

18,000

11/22/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $9,453,118, 5.8% - 7.95%, 10/15/16 - 6/15/18)

9,003

9,000

0.39%, dated 11/8/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $19,957,512, 2.38% - 6.88%, 2/6/14 - 2/1/38)

19,019

19,000

J.P. Morgan Clearing Corp. at:

0.46%, dated 11/18/10 due 12/17/10 (Collateralized by Equity Securities valued at $79,361,008)

73,027

73,000

0.6%, dated 10/27/10 due 1/25/11 (Collateralized by Equity Securities valued at $19,576,659)

18,027

18,000

0.7%, dated 10/27/10 due 4/25/11 (Collateralized by Equity Securities valued at $19,578,539)

18,063

18,000

0.75%, dated 9/7/10 due 3/7/11 (Collateralized by Equity Securities valued at $47,910,790)

44,166

44,000

Repurchase Agreements - continued

Maturity Amount (000s)

Value (000s)

With: - continued

J.P. Morgan Securities, Inc. at:

0.32%, dated 11/30/10 due 12/1/10 (Collateralized by U.S. Government Obligations valued at $290,460,655, 0% - 6.39%, 12/25/25 - 10/1/40)

$ 282,003

$ 282,000

0.58%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $197,644,427, 1.86% - 10.5%, 3/15/11 - 11/15/67)

183,003

183,000

0.73%, dated:

9/28/10 due 3/25/11 (Collateralized by Corporate Obligations valued at $26,891,709, 5.88% - 7.5%, 4/15/17 - 3/10/35)

25,090

25,000

11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $1,051,215, 5.13%, 3/1/21)

1,000

1,000

0.75%, dated 10/12/10 due 4/11/11 (Collateralized by Corporate Obligations valued at $31,353,918, 1.38% - 4.63%, 6/15/12 - 3/1/26)

29,109

29,000

Merrill Lynch, Pierce, Fenner & Smith at:

0.73%, dated 11/30/10 due 12/1/10 (Collateralized by Mortgage Loan Obligations valued at $103,682,102, 0% - 5.75%, 5/25/35 - 2/25/37)

96,002

96,000

0.78%, dated 11/19/10 due 1/4/11 (Collateralized by Equity Securities valued at $39,960,872) (d)(g)

37,037

37,000

RBC Capital Markets Co. at:

0.4%, dated 11/24/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $14,701,222, 1.63% - 8%, 5/15/12 - 12/15/35)

14,001

14,000

0.41%, dated:

10/5/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $23,143,911, 1.13% - 8.4%, 8/15/12 - 9/1/40)

22,023

22,000

12/1/10 due 12/8/10 (i)

14,002

14,000

0.45%, dated 11/10/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $38,354,325, 0.36% - 7%, 1/25/35 - 6/25/37)

36,013

36,000

RBS Securities, Inc. at:

0.25%, dated 10/27/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $23,468,623, 3.44% - 5.3%, 7/1/39 - 9/1/40)

23,029

23,000

0.68%, dated 11/17/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $86,124,054, 0.41% - 7.96%, 7/11/12 - 6/11/50)

82,046

82,000

0.75%, dated 8/5/10 due 1/4/11 (Collateralized by Mortgage Loan Obligations valued at $54,725,883, 4.5% - 5.33%, 12/25/36 - 2/11/44) (d)(g)

52,165

52,000

Repurchase Agreements - continued

Maturity Amount (000s)

Value (000s)

With: - continued

UBS Securities LLC at:

0.4%, dated 11/29/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $10,500,233, 6.38% - 6.4%, 4/15/33 - 5/15/38)

$ 10,010

$ 10,000

0.45%, dated 9/14/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $17,227,670, 2.13% - 8.25%, 8/1/13 - 5/1/34)

16,018

16,000

0.61%, dated:

10/29/10 due 1/27/11 (Collateralized by Corporate Obligations valued at $22,632,335, 6.5% - 11%, 11/15/13 - 5/23/36)

21,032

21,000

11/15/10 due 2/14/11 (Collateralized by Corporate Obligations valued at $21,005,646, 0.54% - 3.13%, 6/15/12 - 7/25/18)

20,031

20,000

0.64%, dated 11/18/10 due 2/16/11 (Collateralized by Corporate Obligations valued at $10,803,361, 3.13%, 6/15/13)

10,016

10,000

Wells Fargo Securities, LLC at:

0.24%, dated 10/21/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $12,243,346, 4%, 7/1/39)

12,007

12,000

0.25%, dated 10/21/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $12,243,486, 4%, 7/1/39)

12,015

12,000

0.36%, dated 10/13/10 due 12/7/10 (Collateralized by Commercial Paper Obligations valued at $19,624,365, 1/14/11)

19,017

19,000

TOTAL REPURCHASE AGREEMENTS

3,125,026

TOTAL INVESTMENT PORTFOLIO - 101.2%

(Cost $16,376,650)

16,376,650

NET OTHER ASSETS (LIABILITIES) - (1.2)%

(190,629)

NET ASSETS - 100%

$ 16,186,021

Security Type Abbreviations

VRDN - VARIABLE RATE DEMAND NOTE

Legend

(a) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $890,000,000 or 5.5% of net assets.

(c) Under the Temporary Liquidity Guarantee Program, the Federal Deposit Insurance Corporation guarantees principal and interest in the event of payment default or bankruptcy until the earlier of maturity date of the debt or until June 30, 2012. At the end of the period these securities amounted to $23,586,000 or 0.2% of net assets.

(d) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(e) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(f) Provides evidence of ownership in one or more underlying municipal bonds.

(g) The maturity amount is based on the rate at period end.

(h) Represents a forward settling transaction and therefore no collateral securities had been allocated as of period end. The agreement contemplated the delivery of Mortgage Loan Obligations as collateral on settlement date.

(i) Represents a forward settling transaction and therefore no collateral securities had been allocated as of period end. The agreement contemplated the delivery of Corporate Obligations as collateral on settlement date.

(j) Restricted securities - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $45,000,000 or 0.3% of net assets.

Additional information on each holding is as follows:

Security

Acquisition Date

Cost

(000s)

Metropolitan Life Insurance Co. 0.59%, 2/28/11

3/26/02

$ 45,000

# Additional information on each counterparty to the repurchase agreement is as follows:

Repurchase Agreement / Counterparty

Value
(Amounts in thousands)

$319,026,000 due 12/01/10 at 0.26%

BNP Paribas Securities Corp.

$ 20,207

Bank of America NA

11,903

Citibank NA

1,882

Citigroup Global Markets, Inc.

15,054

Credit Agricole Securities (USA), Inc.

7,527

Deutsche Bank Securities, Inc.

45,162

Goldman, Sachs & Co.

7,527

HSBC Securities (USA), Inc.

26,344

ING Financial Markets LLC

14,113

J.P. Morgan Securities, Inc.

7,527

Morgan Stanley & Co., Inc.

5,645

RBC Capital Markets Corp.

2,070

RBS Securities, Inc.

3,763

Societe Generale, New York Branch

7,527

UBS Securities LLC

18,065

Wells Fargo Securities LLC

23,710

 

$ 319,026

Other Information

The date shown for securities represents the date when principal payments must be paid, taking into account any call options exercised by the issuer and any permissible maturity shortening features other than interest rate resets.

All investments are categorized as Level 2 under the Fair Value Hierarchy. 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 Investment Valuation section at the end of this listing.

Income Tax Information

At November 30, 2010, the cost of investment securities for income tax purposes was $16,376,650,000.

Investment Valuation

Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels. 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).

As permitted by compliance with certain conditions under Rule 2a-7 of the 1940 Act, securities are valued at amortized cost, which approximates fair value and are categorized as Level 2 in the hierarchy.

For additional information on the Fund's policy regarding valuation of investments and other significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

Quarterly Report

The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please

see the fund's most recent prospectus and annual report.

Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC

or an affiliate.

Quarterly Report

Item 2. Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Money Market 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 Trust's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Trust's internal control over financial reporting.

Item 3. Exhibits

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.

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 Money Market Trust

By:

/s/John R. Hebble

 

John R. Hebble

 

President and Treasurer

 

 

Date:

January 31, 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:

January 31, 2011

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

January 31, 2011