N-Q 1 fix.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 811-2105

Fidelity Fixed-Income 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 28

 

 

Date of reporting period:

November 30, 2010

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Select Money Market Portfolio

November 30, 2010

1.810699.106
MON-QTLY-0111

Investments November 30, 2010 (Unaudited)

Showing Percentage of Net Assets

Corporate Bonds - 0.7%

 

 

Yield (a)

Principal Amount

Value

Florida Timber Finance III LLC Taxable VRDN, LOC Wells Fargo Bank NA

 

12/7/10

0.28% (e)

$ 40,000,000

$ 40,000,000

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

 

12/7/10

0.28 (e)

10,000,000

10,000,000

TOTAL CORPORATE BONDS

50,000,000

Certificates of Deposit - 45.9%

 

London Branch, Eurodollar, Foreign Banks - 14.1%

Credit Agricole SA

 

1/4/11 to 5/3/11

0.33 to 0.45

231,000,000

231,000,000

Credit Industriel et Commercial

 

12/1/10 to 12/8/10

0.40 to 0.42

129,000,000

129,000,000

Danske Bank AS

 

12/3/10 to 2/9/11

0.31 to 0.34

83,000,000

83,000,000

DZ BANK AG

 

1/12/11

0.35

36,000,000

36,000,000

HSBC Bank PLC

 

12/6/10 to 8/29/11

0.50 to 0.70

36,000,000

36,000,000

ING Bank NV

 

12/2/10 to 2/22/11

0.30 to 0.31

265,000,000

265,000,000

Landesbank Hessen-Thuringen

 

12/20/10 to 2/18/11

0.40 to 0.54

112,000,000

112,000,000

National Australia Bank Ltd.

 

12/31/10

0.32

69,000,000

69,000,000

Societe Generale

 

12/7/10 to 2/1/11

0.28 to 0.33

82,000,000

82,000,000

 

 

1,043,000,000

New York Branch, Yankee Dollar, Foreign Banks - 31.8%

Banco Bilbao Vizcaya Argentaria SA New York Branch

 

12/7/10 to 12/17/10

0.50 to 0.65 (e)

52,000,000

52,000,000

Bank of Montreal

 

3/7/11 to
11/22/11

0.27 to 0.50 (e)

239,000,000

239,000,000

Bank of Nova Scotia

 

5/13/11 to 12/16/11

0.29 to 0.35 (e)

81,000,000

80,980,049

Bank of Tokyo-Mitsubishi

 

12/15/10 to 7/11/11

0.30 to 0.62

315,000,000

315,000,000

BNP Paribas New York Branch

 

12/7/10 to 5/12/11

0.40 to 0.50

327,000,000

326,999,999

Canadian Imperial Bank of Commerce New York Branch

 

3/7/11 to 11/7/11

0.34 to 0.50 (e)

142,000,000

142,000,325

Commerzbank AG New York Branch

 

12/7/10 to 12/21/10

0.48 to 0.55 (e)

69,000,000

69,000,000

Credit Agricole CIB

 

12/9/10

0.50

10,000,000

10,000,000

 

 

 

Yield (a)

Principal Amount

Value

Credit Industriel et Commercial

 

12/9/10

0.40%

$ 21,000,000

$ 21,000,000

DZ BANK AG

 

12/10/10 to 12/17/10

0.35

48,000,000

48,000,000

Intesa Sanpaolo SpA New York Branch

 

1/4/11

0.35

13,000,000

13,000,000

KBC Bank NV

 

12/20/10

0.43

45,000,000

45,000,000

Landesbank Baden-Wuerttemberg New York Branch

 

12/9/10

0.34

69,000,000

69,000,000

National Bank Canada

 

11/4/11

0.39 (e)

62,000,000

62,000,000

Natixis SA

 

12/7/10 to 1/7/11

0.44 to 1.79 (e)

229,000,000

229,000,000

Nordea Bank Finland PLC

 

12/17/10 to 1/11/11

0.27 to 0.60

42,000,000

42,000,000

Rabobank Nederland New York Branch

 

2/7/11 to 9/12/11

0.25 to 0.50 (e)

141,000,000

141,000,000

Royal Bank of Canada

 

7/1/11

0.63 (e)

75,000,000

75,000,000

Royal Bank of Canada New York Branch

 

12/17/10 to 3/14/11

0.25 (e)

7,000,000

7,000,000

Royal Bank of Scotland NV

 

12/15/10

0.35

38,000,000

38,000,000

Skandinaviska Enskilda Banken

 

12/27/10

0.30

44,000,000

44,000,000

Societe Generale

 

12/3/10 to 2/5/11

0.31 to 1.49 (e)

71,000,000

71,000,000

Sumitomo Mitsui Banking Corp.

 

12/13/10 to 1/28/11

0.27 to 0.30

148,000,000

148,000,000

Toronto-Dominion Bank New York Branch

 

12/20/10 to 3/10/11

0.25 to 0.50 (e)

66,000,000

66,000,000

 

 

2,353,980,373

TOTAL CERTIFICATES OF DEPOSIT

3,396,980,373

Commercial Paper - 16.5%

 

Autobahn Funding (Liquidity Facility DZ BANK AG)

 

12/17/10

0.31

50,022,000

50,015,108

BP Capital Markets PLC

 

1/7/11

0.48

4,000,000

3,998,027

Commerzbank U.S. Finance, Inc.

 

1/4/11 to 2/7/11

0.33 to 0.42

130,000,000

129,937,259

Commonwealth Bank of Australia

 

6/2/11 to 10/28/11

0.33 to 0.35 (e)

53,000,000

52,998,953

Commercial Paper - continued

 

 

Yield (a)

Principal Amount

Value

Credit Agricole North America

 

12/9/10

0.50%

$ 50,000,000

$ 49,994,444

CVS Caremark Corp.

 

12/1/10

0.40 (e)

22,000,000

22,000,000

Dakota Notes (Citibank Credit Card Issuance Trust)

 

12/3/10

0.30

87,000,000

86,998,550

Danske Corp.

 

2/10/11 to 2/11/11

0.31

28,000,000

27,983,039

Deutsche Bank Financial LLC

 

3/23/11

0.30

15,000,000

14,986,000

DnB NOR Bank ASA

 

1/5/11 to 3/7/11

0.35 to 0.62

54,000,000

53,959,536

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

 

12/2/10

0.40

7,000,000

6,999,922

Intesa Funding LLC

 

12/7/10 to 2/9/11

0.32 to 0.35

92,000,000

91,977,299

Landesbank Hessen-Thuringen

 

12/20/10 to 1/6/11

0.40 to 0.53

42,000,000

41,984,643

Natexis Banques Populaires U.S. Finance Co. LLC

 

12/20/10 to 2/2/11

0.38 to 0.40

83,000,000

82,965,308

Nationwide Building Society

 

2/17/11 to 2/22/11

0.30

15,000,000

14,990,000

Nordea North America, Inc.

 

2/24/11 to 3/1/11

0.35

19,000,000

18,984,056

Novartis Finance Corp.

 

1/18/11 to 2/23/11

0.30 to 0.36

25,000,000

24,984,200

Santander Finance, Inc.

 

12/3/10

0.39

41,000,000

40,999,112

Skandinaviska Enskilda Banken AB

 

1/7/11

0.30

27,000,000

26,991,675

Societe Generale North America, Inc.

 

2/1/11 to 3/1/11

0.33 to 0.35

76,000,000

75,942,700

Sumitomo Trust & Banking Co. Ltd.

 

12/13/10

0.35

5,000,000

4,999,417

Total Capital Canada Ltd.

 

6/22/11

0.43

7,000,000

6,983,027

Toyota Motor Credit Corp.

 

2/3/11 to 2/17/11

0.35

16,000,000

15,989,636

Unicredit Delaware, Inc.

 

1/14/11

0.44

3,000,000

2,998,387

UniCredito Italiano Bank (Ireland) PLC

 

12/9/10 to 1/7/11

0.40 to 0.50

81,000,000

80,981,236

Westpac Banking Corp.

 

12/10/10 to 10/7/11

0.29 to 0.34 (e)

190,000,000

190,000,000

TOTAL COMMERCIAL PAPER

1,221,641,534

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

 

 

Yield (a)

Principal Amount

Value

Other Government Related - 0.2%

General Electric Capital Corp. (FDIC Guaranteed)

 

3/11/11

0.46% (d)

$ 10,500,000

$ 10,538,260

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

 

2/9/11

0.25 (c)

7,000,000

6,996,840

TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS

17,535,100

U.S. Treasury Obligations - 5.2%

 

U.S. Treasury Bills - 2.8%

 

12/16/10 to 11/17/11

0.21 to 0.40

208,000,000

207,791,045

U.S. Treasury Notes - 2.4%

 

7/31/11 to 11/30/11

0.24 to 0.29

177,000,000

178,555,393

TOTAL U.S. TREASURY OBLIGATIONS

386,346,438

Bank Notes - 0.4%

 

Bank of America NA

 

12/13/10

0.30

26,000,000

26,000,000

Medium-Term Notes - 6.5%

 

BNP Paribas SA

 

2/11/11

0.54 (e)

36,000,000

36,000,000

BP Capital Markets PLC

 

4/11/11

0.42 (e)

21,084,000

21,084,000

Commonwealth Bank of Australia

 

12/14/10 to 1/4/11

0.30 (b)(e)

98,000,000

98,000,000

Metropolitan Life Global Funding I

 

3/7/11

1.79 (b)(e)

28,500,000

28,541,948

Metropolitan Life Insurance Co.

 

2/28/11

0.59 (e)(h)

5,000,000

5,000,000

Royal Bank of Canada

 

12/1/11 to 12/15/11

0.29 to 0.69 (b)(e)

158,750,000

158,750,000

Westpac Banking Corp.

 

8/23/11 to 12/15/11

0.30 to 0.31 (b)(e)

136,000,000

136,000,000

TOTAL MEDIUM-TERM NOTES

483,375,948

Municipal Securities - 1.9%

 

 

Yield (a)

Principal Amount

Value

Chicago Board of Ed. Series 2009 A1, LOC Harris NA, VRDN

 

12/7/10

0.35% (e)

$ 9,900,000

$ 9,900,000

Delaware River Port Auth. Pennsylvania & New Jersey Rev. Series 2008 A, LOC Bank of America NA, VRDN

 

12/7/10

0.32 (e)

23,600,000

23,600,000

District of Columbia Rev. Series 2010, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.28 (e)

11,015,000

11,015,000

Fulton County Gen. Oblig. Rev. Series 2005, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.30 (e)

19,245,000

19,245,000

Illinois Fin. Auth. Rev. Series 2008 A, LOC JPMorgan Chase Bank, VRDN

 

12/7/10

0.27 (e)

6,000,000

6,000,000

Lower Merion School District Series 2009 B, LOC U.S. Bank NA, Minnesota, VRDN

 

12/7/10

0.27 (e)

4,100,000

4,100,000

Metropolitan Washington DC Arpts. Auth. Sys. Rev. Series 2009 D1, LOC Bank of America NA, VRDN

 

12/7/10

0.32 (e)

25,210,000

25,210,000

Michigan Strategic Fund Ltd. Oblig. Rev. Series 2008, LOC Bank of America NA, VRDN

 

12/7/10

0.33 (e)

15,000,000

15,000,000

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

 

12/7/10

0.27 (e)(f)

12,500,000

12,500,000

Pennsylvania Hsg. Fin. Agcy. Single Family Mtg. Rev. Series 2005-89, (Liquidity Facility Fannie Mae) (Liquidity Facility Freddie Mac), VRDN

 

12/7/10

0.27 (e)(f)

10,830,000

10,830,000

Washington Hsg. Fin. Commission Multi-family Hsg. Rev. Series 2009, LOC Fannie Mae, VRDN

 

12/7/10

0.28 (e)

4,000,000

4,000,000

TOTAL MUNICIPAL SECURITIES

141,400,000

Repurchase Agreements - 24.5%

Maturity Amount

 

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

$ 500,554,550

500,551,000

With:

Banc of America Securities LLC at 0.88%, dated 10/28/10 due 1/4/11 (Collateralized by Corporate Obligations valued at $51,841,267, 0% - 11.77%, 12/22/15 - 2/28/40) (e)(g)

48,079,787

48,000,000

Barclays Capital, Inc. at:

0.43%, dated 11/4/10 due 12/15/10 (Collateralized by U.S. Government Obligations valued at $12,240,147, 5%, 11/1/39) (e)(g)

12,005,877

12,000,000

 

Maturity Amount

Value

0.68%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $3,240,280, 6%, 10/15/29)

$ 3,000,057

$ 3,000,000

1%, dated:

8/24/10 due 3/7/11 (Collateralized by Mortgage Loan Obligations valued at $24,216,413, 4%, 11/25/36)

23,233,194

23,000,000

9/9/10 due 3/7/11 (Collateralized by Mortgage Loan Obligations valued at $24,205,679, 4%, 11/25/36)

23,232,556

23,000,000

10/13/10 due 3/7/11 (Collateralized by Corporate Obligations valued at $16,223,074, 2.5% - 6%, 4/15/15 - 10/15/29)

15,151,250

15,000,000

BNP Paribas Securities Corp. at 0.36%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $6,300,063, 2.88%, 9/15/20)

6,000,060

6,000,000

Credit Suisse Securities (USA) LLC at 0.36%, dated 11/30/10 due 12/1/10 (Collateralized by Equity Securities valued at $174,966,657)

162,001,620

162,000,000

Deutsche Bank Securities, Inc. at:

0.23%, dated 10/26/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $22,445,162, 7%, 10/1/38)

22,025,441

22,000,000

0.24%, dated 11/15/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $21,422,285, 7%, 10/1/38)

21,025,480

21,000,000

0.25%, dated:

9/28/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $38,777,227, 7%, 8/1/38)

38,047,764

38,000,000

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

20,025,972

20,000,000

0.41%, dated:

9/28/10 due:

12/7/10 (Collateralized by Corporate Obligations valued at $8,646,185, 0.43% - 9.5%, 4/1/11 - 12/25/46)

8,007,836

8,000,000

12/7/10 (Collateralized by Corporate Obligations valued at $9,727,001, 0.35% - 9.5%, 4/1/11 - 9/25/37)

9,009,533

9,000,000

Repurchase Agreements - continued

Maturity Amount

Value

With: - continued

Deutsche Bank Securities, Inc. at: 0.41%, dated:

10/13/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $12,967,233, 0.57% - 7.63%, 10/15/13 - 3/25/45)

$ 12,012,300

$ 12,000,000

10/21/10 due 12/7/10 (Collateralized by Mortgage Loan Obligations valued at $12,986,249, 0.52% - 9%, 6/1/16 - 9/25/37)

12,012,300

12,000,000

10/25/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $12,965,197, 0.54% - 10.63%, 4/1/11 - 3/25/45)

12,012,573

12,000,000

11/8/10 due 12/7/10 (Collateralized by Mortgage Loan Obligations valued at $6,481,697, 0.57% - 6.43%, 12/25/36 - 9/25/37)

6,006,218

6,000,000

11/17/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $1,084,184, 5.8% - 9.5%, 8/15/17 - 5/25/37)

1,001,036

1,000,000

0.42%, dated:

11/12/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $6,521,648, 3.25% - 5%, 3/15/12 - 8/1/13)

6,001,960

6,000,000

11/29/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $11,672,712, 1.49% - 6.52%, 5/25/16 - 5/15/46)

11,011,293

11,000,000

0.45%, dated 9/8/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $12,958,520, 0.57% - 11.25%, 12/1/12 - 5/15/47)

12,013,500

12,000,000

0.5%, dated 11/15/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $7,633,880, 6%, 10/15/29)

7,002,917

7,000,000

0.63%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $23,762,850, 4.75%, 6/15/14)

22,000,385

22,000,000

Goldman Sachs & Co. at 0.3%, dated 11/24/10 due 12/1/10 (Collateralized by Commercial Paper Obligations valued at $23,691,382, 2/25/11)

23,001,342

23,000,000

 

Maturity Amount

Value

ING Financial Markets LLC at:

0.23%, dated:

10/18/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $11,224,942, 5% - 6%, 10/1/36 - 6/1/40)

$ 11,006,466

$ 11,000,000

10/25/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $10,205,501, 5.5% - 6%, 2/1/23 - 7/1/39)

10,005,814

10,000,000

0.24%, dated:

10/18/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $11,223,958, 4% - 6%, 12/1/14 - 12/1/37)

11,013,347

11,000,000

10/25/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $10,204,149, 6%, 7/1/39 - 7/7/39)

10,012,133

10,000,000

11/15/10 due:

12/7/10 (Collateralized by U.S. Government Obligations valued at $5,102,918, 4.5%, 8/1/40)

5,002,933

5,000,000

12/7/10 (Collateralized by U.S. Government Obligations valued at $5,102,918, 4.5%, 8/1/40)

5,005,967

5,000,000

0.25%, dated 10/1/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $11,225,350, 6%, 6/1/36 - 12/1/37)

11,013,903

11,000,000

0.28%, dated 9/2/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $6,128,263, 4.5% - 5.5%, 3/1/37 - 8/1/40)

6,008,400

6,000,000

0.35%, dated:

11/17/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $8,402,577, 5.88%, 12/16/36)

8,002,333

8,000,000

11/22/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $4,205,431, 7.95%, 6/15/18)

4,001,167

4,000,000

0.39%, dated 11/8/10 due 12/7/10 (Collateralized by Corproate Obligations valued at $9,453,670, 5.2% - 7.75%, 1/15/16 - 12/1/30)

9,008,873

9,000,000

Repurchase Agreements - continued

Maturity Amount

Value

With: - continued

J.P. Morgan Clearing Corp. at:

0.46%, dated 11/18/10 due 12/17/10 (Collateralized by Equity Securities valued at $35,875,534)

$ 33,012,228

$ 33,000,000

0.6%, dated 10/27/10 due 1/25/11 (Collateralized by Equity Securities valued at $8,700,990)

8,012,000

8,000,000

0.7%, dated 10/27/10 due 4/25/11 (Collateralized by Equity Securities valued at $8,701,585)

8,028,000

8,000,000

0.75%, dated 9/7/10 due 3/7/11 (Collateralized by Equity Securities valued at $20,688,761)

19,071,646

19,000,000

J.P. Morgan Securities, Inc. at:

0.73%, dated 9/28/10 due 3/25/11 (Collateralized by Corporate Obligations valued at $11,897,258, 5.75% - 7.95%, 4/1/17 - 2/15/18)

11,039,704

11,000,000

0.75%, dated 10/12/10 due 4/11/11 (Collateralized by Corporate Obligations valued at $14,058,392, 0.5%, 5/1/11)

13,049,021

13,000,000

Merrill Lynch, Pierce, Fenner & Smith at:

0.73%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $47,520,964, 0.31% - 6.9%, 12/22/15 - 10/12/42)

44,000,892

44,000,000

0.78%, dated 11/19/10 due 1/4/11 (Collateralized by Equity Securities valued at $18,360,402) (e)(g)

17,016,943

17,000,000

RBC Capital Markets Co. at:

0.4%, dated 11/24/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $6,327,512, 4%, 12/15/35)

6,000,467

6,000,000

0.41%, dated:

10/5/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $10,512,605, 0.42% - 8.25%, 4/23/12 - 4/15/26)

10,010,478

10,000,000

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

6,000,957

6,000,000

 

Maturity Amount

Value

0.45%, dated 11/10/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $17,329,141, 0.63%, 7/25/35)

$ 16,005,600

$ 16,000,000

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

11,006,600

11,000,000

RBS Securities, Inc. at:

0.25%, dated 10/27/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $10,204,147, 5.3% - 5.35%, 9/1/38 - 7/1/39)

10,012,500

10,000,000

0.68%, dated 11/17/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $38,864,299, 0.32% - 9.79%, 11/15/13 - 7/15/36)

37,020,967

37,000,000

0.75%, dated 8/5/10 due 1/4/11 (Collateralized by Mortgage Loan Obligations valued at $24,841,216, 0.4% - 0.42%, 8/25/36 - 1/25/37) (e)(g)

23,072,833

23,000,000

UBS Securities LLC at:

0.4%, dated 11/29/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $5,251,342, 7.75%, 6/15/11)

5,004,889

5,000,000

0.45%, dated 9/14/10 due 12/7/10 (Collateralized by Corporate Obligations valued at $7,568,448, 2.63% - 4.5%, 4/1/15 - 2/15/27)

7,007,875

7,000,000

0.61%, dated:

10/29/10 due 1/27/11 (Collateralized by Corporate Obligations valued at $9,455,284, 5.3% - 6.38%, 10/30/15 - 4/15/33)

9,013,725

9,000,000

11/15/10 due 2/14/11 (Collateralized by Corporate Obligations valued at $9,452,538, 0% - 3.13%, 6/15/12 - 10/23/21)

9,013,878

9,000,000

0.64%, dated 11/18/10 due 2/16/11 (Collateralized by Corporate Obligations valued at $5,282,344, 4.5% - 7%, 4/1/15 - 6/4/18)

5,008,000

5,000,000

Wells Fargo Securities, LLC at:

0.24%, dated 10/21/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $5,101,394, 3.5% - 4%, 11/1/25 - 7/1/39)

5,003,000

5,000,000

Repurchase Agreements - continued

Maturity Amount

Value

With: - continued

Wells Fargo Securities, LLC at:

0.25%, dated 10/21/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $5,101,452, 4%, 7/1/39)

$ 5,006,250

$ 5,000,000

0.36%, dated 10/13/10 due 12/7/10 (Collateralized by U.S. Government Obligations valued at $8,244,910, 4.22% - 5.25%, 11/15/15 - 3/25/20)

8,007,200

8,000,000

0.48%, dated 11/30/10 due 12/1/10 (Collateralized by Corporate Obligations valued at $389,771,025, 0% - 13.5%, 1/27/11 - 3/30/67)

361,004,813

361,000,000

TOTAL REPURCHASE AGREEMENTS

1,810,551,000

TOTAL INVESTMENT PORTFOLIO - 101.8%

(Cost $7,533,830,393)

7,533,830,393

NET OTHER ASSETS (LIABILITIES) - (1.8)%

(133,528,818)

NET ASSETS - 100%

$ 7,400,301,575

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 $421,291,948 or 5.7% of net assets.

(c) 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 $6,996,840, or 0.1% of net assets.

(d) 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 $10,538,260 or 0.1% of net assets.

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

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

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

(h) 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 $5,000,000 or 0.1% of net assets.

Additional information on each holding is as follows:

Security

Acquisition Date

Cost

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

3/26/02

$ 5,000,000

(i) 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.

(j) 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.

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

Repurchase Agreement / Counterparty

Value

$500,551,000 due 12/01/10 at 0.26%

BNP Paribas Securities Corp.

$ 31,705,262

Bank of America NA

177,145,747

Citibank NA

2,952,429

Citigroup Global Markets, Inc.

23,619,433

Credit Agricole Securities (USA), Inc.

11,809,716

Deutsche Bank Securities, Inc.

70,858,298

Goldman, Sachs & Co.

11,809,716

HSBC Securities (USA), Inc.

41,334,007

ING Financial Markets LLC

22,143,218

J.P. Morgan Securities, Inc.

11,809,716

Morgan Stanley & Co., Inc.

8,857,287

RBC Capital Markets Corp.

3,247,672

RBS Securities, Inc.

5,904,858

Societe Generale, New York Branch

11,809,716

UBS Securities LLC

28,343,319

Wells Fargo Securities LLC

37,200,606

 

$ 500,551,000

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 $7,533,830,393.

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

Spartan ® Intermediate
Treasury Bond Index

November 30, 2010

1.841646.104
ITB-QTLY-0111

Investments November 30, 2010 (Unaudited)

Showing Percentage of Net Assets

U.S. Government and Government Agency Obligations - 98.8%

 

Principal Amount

Value

U.S. Treasury Obligations - 98.8%

U.S. Treasury Bonds:

7.25% 5/15/16

$ 17,140,000

$ 22,217,725

7.5% 11/15/16

15,171,000

20,083,795

8.125% 8/15/19

15,186,000

21,935,463

8.5% 2/15/20

7,468,000

11,096,395

8.75% 5/15/17

12,223,000

17,314,637

8.75% 5/15/20

6,082,000

9,198,551

8.75% 8/15/20

13,837,000

21,010,627

8.875% 8/15/17

9,196,000

13,179,735

8.875% 2/15/19

10,328,000

15,391,942

9% 11/15/18

6,848,000

10,218,503

9.125% 5/15/18

5,361,000

7,947,264

9.25% 2/15/16

4,201,000

5,833,483

U.S. Treasury Notes:

1.875% 8/31/17

35,901,000

35,429,799

1.875% 9/30/17

35,986,000

35,440,596

1.875% 10/31/17

36,511,000

35,906,305

2.25% 11/30/17

31,568,000

31,760,375

2.375% 3/31/16

24,830,000

25,829,010

2.375% 7/31/17

36,262,000

36,987,240

2.5% 6/30/17

38,200,000

39,298,250

2.625% 2/29/16

21,728,000

22,889,101

2.625% 4/30/16

22,063,000

23,219,587

2.625% 8/15/20

83,766,000

82,725,459

2.625% 11/15/20

30,319,000

29,835,776

2.75% 11/30/16

36,033,000

37,930,354

2.75% 5/31/17

38,017,000

39,760,422

2.75% 2/15/19

69,125,000

70,696,488

3% 8/31/16

33,410,000

35,735,637

3% 9/30/16

33,894,000

36,224,213

3% 2/28/17

36,797,000

39,151,419

3.125% 10/31/16

36,650,000

39,398,750

3.125% 1/31/17

39,915,000

42,796,384

3.125% 4/30/17

37,164,000

39,753,885

3.125% 5/15/19

73,896,000

77,406,060

3.25% 5/31/16

21,722,000

23,575,147

3.25% 6/30/16

24,818,000

26,923,658

3.25% 7/31/16

28,418,000

30,824,664

3.25% 12/31/16

36,017,000

38,909,597

3.25% 3/31/17

36,837,000

39,714,891

3.375% 11/15/19

82,885,000

87,948,776

U.S. Government and Government Agency Obligations - continued

 

Principal Amount

Value

U.S. Treasury Obligations - continued

U.S. Treasury Notes: - continued

3.5% 2/15/18

$ 40,997,000

$ 44,606,663

3.5% 5/15/20

81,336,000

86,724,510

3.625% 8/15/19

79,450,000

86,128,726

3.625% 2/15/20

85,330,000

92,096,413

3.75% 11/15/18

64,511,000

71,093,122

3.875% 5/15/18

32,683,000

36,382,814

4% 8/15/18

35,422,000

39,741,819

4.25% 11/15/17

26,638,000

30,331,945

4.5% 2/15/16

25,538,000

29,344,745

4.5% 5/15/17

21,744,000

25,099,034

4.625% 11/15/16

24,067,000

27,957,214

4.625% 2/15/17

21,916,000

25,461,943

4.75% 8/15/17

22,895,000

26,794,293

4.875% 8/15/16

20,023,000

23,508,243

5.125% 5/15/16

20,745,000

24,571,477

TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS

(Cost $1,850,772,595)

1,951,342,924

Cash Equivalents - 0.7%

Maturity Amount

 

Investments in repurchase agreements in a joint trading account at 0.25%, dated 11/30/10 due 12/1/10 (Collateralized by U.S. Government Obligations) #
(Cost $13,615,000)

$ 13,615,096

13,615,000

TOTAL INVESTMENT PORTFOLIO - 99.5%

(Cost $1,864,387,595)

1,964,957,924

NET OTHER ASSETS (LIABILITIES) - 0.5%

9,173,064

NET ASSETS - 100%

$ 1,974,130,988

Legend

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

Repurchase Agreement / Counterparty

Value

$13,615,000 due 12/01/10 at 0.25%

BNP Paribas Securities Corp.

$ 1,188,674

Barclays Capital, Inc.

2,369,113

J.P. Morgan Securities, Inc.

727,136

Merrill Lynch Government Securities, Inc.

1,312,124

Merrill Lynch, Pierce, Fenner & Smith, Inc.

1,457,331

Mizuho Securities USA, Inc.

6,560,622

 

$ 13,615,000

Other Information

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 $1,863,927,807. Net unrealized appreciation aggregated $101,030,117, of which $104,935,587 related to appreciated investment securities and $3,905,470 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates fair value and are categorized as Level 2 in the hierarchy. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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

Spartan ® Short-Term Treasury
Bond Index Fund

November 30, 2010

1.841647.104
STD-QTLY-0111

Investments November 30, 2010 (Unaudited)

Showing Percentage of Net Assets

U.S. Government and Government Agency Obligations - 99.3%

 

Principal Amount

Value

U.S. Treasury Obligations - 99.3%

U.S. Treasury Bonds:

10.625% 8/15/15

$ 663,000

$ 944,723

11.25% 2/15/15

1,781,000

2,518,724

U.S. Treasury Notes:

0.375% 8/31/12

9,312,000

9,303,265

0.375% 9/30/12

9,028,000

9,017,067

0.5% 10/15/13

5,012,000

4,986,940

0.5% 11/15/13

5,763,000

5,728,330

0.625% 6/30/12

9,975,000

10,009,314

0.625% 7/31/12

9,673,000

9,706,275

0.75% 5/31/12

10,729,000

10,788,117

0.75% 8/15/13

6,740,000

6,763,172

0.75% 9/15/13

6,888,000

6,906,832

0.875% 1/31/12

11,239,000

11,308,805

0.875% 2/29/12

10,929,000

11,001,131

1% 12/31/11

10,890,000

10,967,842

1% 3/31/12

10,750,000

10,843,203

1% 4/30/12

11,166,000

11,267,164

1% 7/15/13

9,017,000

9,112,851

1.125% 12/15/11

7,071,000

7,128,452

1.125% 1/15/12

7,025,000

7,087,017

1.125% 12/15/12

10,238,000

10,369,169

1.125% 6/15/13

8,897,000

9,018,622

1.25% 8/31/15

9,227,000

9,172,939

1.25% 9/30/15

8,916,000

8,851,912

1.25% 10/31/15

8,900,000

8,820,042

1.375% 2/15/12

6,751,000

6,835,388

1.375% 3/15/12

5,741,000

5,819,043

1.375% 4/15/12

6,152,000

6,238,995

1.375% 5/15/12

8,118,000

8,235,646

1.375% 9/15/12

8,833,000

8,979,292

1.375% 10/15/12

9,962,000

10,133,615

1.375% 11/15/12

10,687,000

10,874,023

1.375% 1/15/13

9,715,000

9,893,358

1.375% 2/15/13

10,100,000

10,287,012

1.375% 3/15/13

10,163,000

10,355,894

1.375% 5/15/13

9,456,000

9,641,432

1.375% 11/30/15

8,900,000

8,861,063

1.5% 7/15/12

7,319,000

7,451,086

1.5% 12/31/13

7,156,000

7,319,808

1.75% 8/15/12

8,187,000

8,371,527

U.S. Government and Government Agency Obligations - continued

 

Principal Amount

Value

U.S. Treasury Obligations - continued

U.S. Treasury Notes: - continued

1.75% 4/15/13

$ 10,273,000

$ 10,561,979

1.75% 1/31/14

6,279,000

6,469,825

1.75% 3/31/14

7,119,000

7,330,349

1.75% 7/31/15

9,485,000

9,656,963

1.875% 6/15/12

7,021,000

7,181,163

1.875% 2/28/14

5,708,000

5,901,090

1.875% 4/30/14

7,243,000

7,488,581

1.875% 6/30/15

9,853,000

10,098,556

2% 11/30/13

6,633,000

6,883,807

2.125% 11/30/14

10,180,000

10,591,974

2.125% 5/31/15

10,123,000

10,490,769

2.25% 5/31/14

7,197,000

7,531,545

2.25% 1/31/15

9,610,000

10,036,444

2.375% 8/31/14

9,566,000

10,047,285

2.375% 9/30/14

9,492,000

9,970,311

2.375% 10/31/14

9,716,000

10,204,831

2.375% 2/28/15

10,288,000

10,790,363

2.5% 3/31/13

2,941,000

3,076,333

2.5% 3/31/15

10,328,000

10,890,360

2.5% 4/30/15

10,295,000

10,849,159

2.625% 6/30/14

7,892,000

8,361,203

2.625% 7/31/14

8,933,000

9,464,094

2.625% 12/31/14

9,924,000

10,518,666

2.75% 2/28/13

3,519,000

3,694,950

2.75% 10/31/13

5,771,000

6,114,103

2.875% 1/31/13

2,322,000

2,442,997

3.125% 4/30/13

4,749,000

5,045,072

3.125% 8/31/13

9,165,000

9,788,651

3.125% 9/30/13

5,854,000

6,258,289

3.375% 11/30/12

23,157,000

24,512,055

3.375% 6/30/13

4,818,000

5,162,786

3.375% 7/31/13

4,732,000

5,081,354

3.5% 5/31/13

4,449,000

4,775,726

3.625% 12/31/12

2,661,000

2,836,461

3.625% 5/15/13

2,472,000

2,660,297

3.875% 10/31/12

3,103,000

3,307,606

3.875% 2/15/13

3,845,000

4,132,475

4% 11/15/12

4,317,000

4,618,348

4% 2/15/14

6,577,000

7,244,460

4% 2/15/15

7,161,000

7,993,466

U.S. Government and Government Agency Obligations - continued

 

Principal Amount

Value

U.S. Treasury Obligations - continued

U.S. Treasury Notes: - continued

4.125% 5/15/15

$ 6,298,000

$ 7,082,296

4.25% 8/15/13

6,882,000

7,552,995

4.25% 11/15/13

6,842,000

7,556,134

4.25% 8/15/14

5,756,000

6,438,178

4.25% 11/15/14

5,704,000

6,408,535

4.25% 8/15/15

6,852,000

7,764,173

4.375% 8/15/12

3,522,000

3,760,147

4.5% 3/31/12

3,386,000

3,572,890

4.5% 4/30/12

3,138,000

3,321,131

4.5% 11/15/15

4,726,000

5,421,979

4.625% 12/31/11

4,114,000

4,304,593

4.625% 2/29/12

3,751,000

3,950,857

4.625% 7/31/12

3,382,000

3,620,326

4.75% 1/31/12

2,373,000

2,494,894

4.75% 5/31/12

2,832,000

3,016,853

4.75% 5/15/14

6,172,000

6,987,377

4.875% 2/15/12

5,305,000

5,595,534

4.875% 6/30/12

2,783,000

2,980,309

TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS

(Cost $716,967,132)

732,813,037

Cash Equivalents - 0.4%

Maturity Amount

 

Investments in repurchase agreements in a joint trading account at 0.25%, dated 11/30/10 due 12/1/10 (Collateralized by U.S. Government Obligations) #
(Cost $2,731,000)

$ 2,731,019

2,731,000

TOTAL INVESTMENT PORTFOLIO - 99.7%

(Cost $719,698,132)

735,544,037

NET OTHER ASSETS (LIABILITIES) - 0.3%

2,046,376

NET ASSETS - 100%

$ 737,590,413

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

Repurchase Agreement / Counterparty

Value

$2,731,000 due 12/01/10 at 0.25%

BNP Paribas Securities Corp.

$ 238,433

Barclays Capital, Inc.

475,215

J.P. Morgan Securities, Inc.

145,854

Merrill Lynch Government Securities, Inc.

263,196

Merrill Lynch, Pierce, Fenner & Smith, Inc.

292,323

Mizuho Securities USA, Inc.

1,315,979

 

$ 2,731,000

Other Information

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 $719,677,732. Net unrealized appreciation aggregated $15,866,305, of which $16,089,966 related to appreciated investment securities and $223,661 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates fair value and are categorized as Level 2 in the hierarchy. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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

Spartan® Long-Term
Treasury Bond Index Fund

November 30, 2010

1.841649.104
LBX-QTLY-0111

Investments November 30, 2010 (Unaudited)

Showing Percentage of Net Assets

U.S. Government and Government Agency Obligations - 98.3%

 

Principal Amount

Value

U.S. Treasury Obligations - 98.3%

U.S. Treasury Bonds:

3.5% 2/15/39

$ 9,880,000

$ 8,848,775

3.875% 8/15/40

17,081,000

16,355,058

4.25% 5/15/39

12,717,000

13,015,061

4.25% 11/15/40

4,325,000

4,419,609

4.375% 2/15/38

5,654,000

5,939,352

4.375% 11/15/39

17,194,000

17,956,984

4.375% 5/15/40

16,614,000

17,343,521

4.5% 2/15/36

9,188,000

9,897,203

4.5% 5/15/38

7,852,000

8,412,680

4.5% 8/15/39

15,167,000

16,176,546

4.625% 2/15/40

16,724,000

18,205,646

4.75% 2/15/37

5,280,000

5,902,047

5% 5/15/37

5,379,000

6,243,002

5.25% 11/15/28

3,575,000

4,283,855

5.25% 2/15/29

3,775,000

4,522,922

5.375% 2/15/31

5,578,000

6,792,955

5.5% 8/15/28

3,420,000

4,210,341

6% 2/15/26

4,198,000

5,419,358

6.125% 11/15/27

6,108,000

8,016,750

6.125% 8/15/29

3,388,000

4,472,689

6.25% 8/15/23

7,067,000

9,274,335

6.25% 5/15/30

5,487,000

7,361,151

6.375% 8/15/27

2,368,000

3,184,960

6.5% 11/15/26

2,834,000

3,844,942

6.625% 2/15/27

2,501,000

3,436,139

6.75% 8/15/26

2,287,000

3,170,711

6.875% 8/15/25

3,660,000

5,103,983

7.125% 2/15/23

3,962,000

5,550,516

7.25% 8/15/22

3,192,000

4,500,222

7.5% 11/15/24

2,915,000

4,261,820

7.625% 11/15/22

1,977,000

2,869,121

7.625% 2/15/25

3,063,000

4,531,326

7.875% 2/15/21

3,241,000

4,707,047

8% 11/15/21

7,689,000

11,324,451

8.125% 5/15/21

2,605,000

3,849,700

8.125% 8/15/21

2,388,000

3,541,330

TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS

(Cost $252,206,653)

266,946,108

Cash Equivalents - 0.9%

Maturity Amount

Value

Investments in repurchase agreements in a joint trading account at 0.25%, dated 11/30/10 due 12/1/10 (Collateralized by U.S. Government Obligations) #
(Cost $2,588,000)

$ 2,588,018

$ 2,588,000

TOTAL INVESTMENT PORTFOLIO - 99.2%

(Cost $254,794,653)

269,534,108

NET OTHER ASSETS (LIABILITIES) - 0.8%

2,093,941

NET ASSETS - 100%

$ 271,628,049

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

Repurchase Agreement / Counterparty

Value

$2,588,000 due 12/01/10 at 0.25%

BNP Paribas Securities Corp.

$ 225,948

Barclays Capital, Inc.

450,332

J.P. Morgan Securities, Inc.

138,217

Merrill Lynch Government Securities, Inc.

249,414

Merrill Lynch, Pierce, Fenner & Smith, Inc.

277,016

Mizuho Securities USA, Inc.

1,247,073

 

$ 2,588,000

Other Information

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 $255,346,422. Net unrealized appreciation aggregated $14,187,686, of which $16,073,568 related to appreciated investment securities and $1,885,882 related to depreciated investment securities.

Investment Valuation

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund uses independent pricing services approved by the Board of Trustees to value its investments. When current market prices or quotations are not readily available or reliable, valuations may be determined in good faith in accordance with procedures adopted by the Board of Trustees. Factors used in determining value may include market or security specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The value used for net asset value calculation under these procedures may differ from published prices for the same securities. 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows.

Debt securities, including restricted securities, are valued based on evaluated prices received from independent pricing services or from dealers who make markets in such securities. For U.S. government and government agency obligations, pricing services utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type as well as dealer supplied prices and are generally categorized as Level 2 in the hierarchy.

Short-term securities with remaining maturities of sixty days or less for which quotations are not readily available are valued at amortized cost, which approximates fair value and are categorized as Level 2 in the hierarchy. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing matrices which consider similar factors that would be used by independent pricing services. These are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

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 Fixed-Income 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 Fixed-Income 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