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 811-3737

Fidelity Advisor Series IV
 (Exact name of registrant as specified in charter)

245 Summer St., Boston, Massachusetts 02210
 (Address of principal executive offices)       (Zip code)

Scott C. Goebel, Secretary

245 Summer St.

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code: 617-563-7000

Date of fiscal year end:

November 30

 

 

Date of reporting period:

August 31, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® Limited Term
Government Fund

August 31, 2014 

1.968341.100

ISG-QTLY-1014

Investments August 31, 2014 (Unaudited)

Showing Percentage of Net Assets

U.S. Government and Government Agency Obligations - 68.9%

 

Principal Amount

Value

U.S. Government Agency Obligations - 1.0%

Federal Home Loan Bank 1% 6/21/17

$ 1,410,000

$ 1,410,584

Tennessee Valley Authority 1.75% 10/15/18

2,144,000

2,156,892

TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS

3,567,476

U.S. Treasury Obligations - 63.6%

U.S. Treasury Notes:

0.25% 4/15/16

598,000

596,949

0.25% 5/15/16 (b)

22,000,000

21,946,710

0.375% 2/15/16 (c)

1,000,000

1,001,172

0.375% 3/15/16

3,000,000

3,002,460

0.5% 7/31/16 (a)

12,851,000

12,857,027

0.625% 7/15/16

7,763,000

7,786,048

0.625% 8/15/16

17,377,000

17,419,087

0.625% 11/15/16

8,407,000

8,407,656

0.625% 12/15/16

21,822,000

21,806,659

0.625% 2/15/17

5,000,000

4,987,890

0.625% 4/30/18

3,690,000

3,604,957

0.75% 1/15/17

2,613,000

2,616,266

0.75% 6/30/17

5,245,000

5,222,053

0.875% 11/30/16

4,617,000

4,641,165

0.875% 1/31/17

812,000

815,235

0.875% 4/30/17

14,887,000

14,904,448

0.875% 5/15/17

9,000,000

9,008,442

0.875% 6/15/17

5,000,000

5,000,000

0.875% 7/15/17

14,380,000

14,363,147

0.875% 8/15/17

13,339,000

13,316,070

0.875% 1/31/18

7,994,000

7,914,684

1% 9/30/16

19,685,000

19,858,779

1.25% 11/30/18

4,500,000

4,459,572

1.375% 9/30/18

553,000

552,136

1.375% 2/28/19

1,065,000

1,057,345

1.5% 12/31/18

577,000

577,135

1.625% 4/30/19

8,402,000

8,418,409

1.625% 6/30/19

4,586,000

4,589,939

1.625% 8/31/19

8,000,000

7,998,752

3.5% 2/15/18

8,513,000

9,177,414

TOTAL U.S. TREASURY OBLIGATIONS

237,907,606

U.S. Government and Government Agency Obligations - continued

 

Principal Amount

Value

Other Government Related - 4.3%

National Credit Union Administration Guaranteed Notes:

Series 2010-A1 Class A, 0.5085% 12/7/20 (NCUA Guaranteed) (d)

$ 492,706

$ 493,140

Series 2010-R2 Class 1A, 0.5269% 11/6/17 (NCUA Guaranteed) (d)

3,395,430

3,402,592

Series 2011-C1 Class 1A, 0.485% 2/28/20 (NCUA Guaranteed) (d)

807,607

806,972

Series 2011-R1 Class 1A, 0.6069% 1/8/20 (NCUA Guaranteed) (d)

1,039,007

1,044,568

Series 2011-R4 Class 1A, 0.5369% 3/6/20 (NCUA Guaranteed) (d)

430,782

431,741

National Credit Union Administration Guaranteed Notes Master Trust:

1.4% 6/12/15 (NCUA Guaranteed)

640,000

645,425

2.35% 6/12/17 (NCUA Guaranteed)

9,140,000

9,463,370

TOTAL OTHER GOVERNMENT RELATED

16,287,808

TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS

(Cost $257,122,396)

257,762,890

U.S. Government Agency - Mortgage Securities - 9.9%

 

Fannie Mae - 2.5%

1.885% 2/1/33 (d)

9,585

9,991

1.91% 12/1/34 (d)

13,452

14,150

1.91% 3/1/35 (d)

9,946

10,404

1.92% 4/1/33 (d)

104,423

109,702

1.927% 10/1/35 (d)

6,301

6,609

1.93% 10/1/33 (d)

10,348

10,812

1.94% 7/1/35 (d)

4,906

5,173

2.04% 11/1/33 (d)

23,356

24,534

2.05% 3/1/35 (d)

1,018

1,049

2.053% 6/1/36 (d)

8,977

9,625

2.141% 7/1/34 (d)

7,449

7,913

2.181% 1/1/35 (d)

53,878

56,863

2.19% 3/1/37 (d)

5,384

5,729

2.248% 3/1/33 (d)

24,279

25,686

2.285% 7/1/36 (d)

43,189

45,947

2.315% 9/1/36 (d)

26,568

28,293

U.S. Government Agency - Mortgage Securities - continued

 

Principal Amount

Value

Fannie Mae - continued

2.319% 11/1/36 (d)

$ 67,991

$ 72,629

2.333% 3/1/35 (d)

6,246

6,647

2.362% 7/1/35 (d)

12,272

13,073

2.369% 6/1/47 (d)

31,162

33,412

2.372% 5/1/36 (d)

9,996

10,694

2.381% 2/1/37 (d)

111,540

119,363

2.421% 10/1/33 (d)

10,955

11,677

2.428% 12/1/32 (d)

59,280

63,131

2.503% 2/1/36 (d)

12,631

13,543

2.517% 4/1/36 (d)

78,289

83,941

2.585% 12/1/32 (d)

404,312

431,773

2.691% 2/1/42 (d)

361,713

375,114

2.749% 8/1/35 (d)

163,430

175,228

2.771% 1/1/42 (d)

338,513

351,780

3.162% 3/1/42 (d)

1,778,132

1,866,879

3.189% 1/1/44 (d)

1,077,896

1,117,974

5% 9/1/22 to 12/1/22

1,230,436

1,331,744

5.5% 10/1/20 to 1/1/29

1,695,965

1,839,437

6% 6/1/16 to 10/1/16

6,395

6,624

6.5% 6/1/15 to 8/1/36

865,083

994,269

7% 11/1/14

244

245

9% 2/1/17 to 2/1/20

18,425

19,784

9.5% 11/1/21

61

65

10.5% 8/1/20

7,105

8,091

11.5% 7/15/19

1,191

1,241

12.5% 3/1/16

41

42

 

9,320,880

Freddie Mac - 1.0%

1.82% 3/1/35 (d)

26,943

28,036

1.95% 3/1/37 (d)

7,591

8,021

2.022% 2/1/37 (d)

11,324

11,902

2.04% 7/1/35 (d)

268,200

281,715

2.05% 6/1/37 (d)

6,368

6,704

2.095% 8/1/37 (d)

18,962

20,288

2.121% 5/1/37 (d)

15,506

16,608

2.14% 11/1/35 (d)

56,193

60,011

2.16% 6/1/33 (d)

60,214

63,468

2.162% 7/1/35 (d)

34,332

36,684

2.32% 10/1/35 (d)

42,235

44,762

2.355% 4/1/34 (d)

265,268

284,418

2.362% 10/1/36 (d)

77,139

81,864

U.S. Government Agency - Mortgage Securities - continued

 

Principal Amount

Value

Freddie Mac - continued

2.375% 5/1/37 (d)

$ 16,704

$ 17,834

2.385% 5/1/37 (d)

211,778

227,066

2.385% 5/1/37 (d)

104,875

111,817

2.415% 6/1/37 (d)

56,637

60,725

2.418% 4/1/37 (d)

19,432

20,835

2.498% 2/1/36 (d)

1,975

2,117

2.571% 7/1/36 (d)

20,605

22,093

2.595% 4/1/37 (d)

1,662

1,782

2.673% 7/1/35 (d)

64,686

69,355

2.823% 3/1/33 (d)

1,305

1,399

3.068% 10/1/35 (d)

11,062

11,860

3.084% 9/1/41 (d)

408,799

428,016

5% 9/1/35

2,340

2,589

5.5% 11/1/18 to 11/1/21

1,494,554

1,600,722

6% 1/1/24

220,782

243,299

6.5% 12/1/21

64,926

71,711

9% 10/1/16 to 12/1/18

5,006

5,356

9.5% 2/1/17 to 12/1/22

9,625

10,640

10% 6/1/18 to 6/1/20

3,187

3,698

10.5% 9/1/20

29

33

12.5% 5/1/19 to 6/1/19

2,697

2,830

 

3,860,258

Ginnie Mae - 6.4%

4.3% 8/20/61 (f)

469,423

503,120

4.5% 3/15/25 to 6/15/25

830,643

898,644

4.515% 3/20/62 (f)

1,761,571

1,915,541

4.53% 10/20/62 (f)

476,813

521,928

4.55% 5/20/62 (f)

3,637,036

3,962,086

4.556% 12/20/61 (f)

1,939,506

2,106,574

4.604% 3/20/62 (f)

1,066,819

1,163,077

4.616% 1/20/62 (f)

628,126

677,816

4.626% 3/20/62 (f)

802,103

873,376

4.649% 2/20/62 (f)

320,422

349,176

4.65% 3/20/62 (f)

1,017,210

1,109,967

4.682% 2/20/62 (f)

410,161

447,040

4.684% 1/20/62 (f)

2,571,548

2,800,272

4.764% 2/20/61 (f)

633,244

683,126

4.804% 3/20/61 (f)

1,261,043

1,362,931

4.834% 3/20/61 (f)

2,342,902

2,535,976

5.47% 8/20/59 (f)

235,235

248,888

5.5% 11/15/35

311,908

349,589

U.S. Government Agency - Mortgage Securities - continued

 

Principal Amount

Value

Ginnie Mae - continued

5.612% 4/20/58 (f)

$ 406,888

$ 419,069

6% 6/15/36

687,427

786,746

8% 12/15/23

58,326

67,869

8.5% 3/15/17

4,364

4,701

10.5% 1/15/16 to 1/15/18

3,665

3,950

 

23,791,462

TOTAL U.S. GOVERNMENT AGENCY - MORTGAGE SECURITIES

(Cost $36,258,531)

36,972,600

Collateralized Mortgage Obligations - 12.9%

 

U.S. Government Agency - 12.9%

Fannie Mae:

floater:

Series 1994-42 Class FK, 1.99% 4/25/24 (d)

344,416

347,290

Series 2001-38 Class QF, 1.135% 8/25/31 (d)

74,655

76,026

Series 2002-49 Class FB, 0.755% 11/18/31 (d)

76,327

76,866

Series 2002-60 Class FV, 1.155% 4/25/32 (d)

17,050

17,429

Series 2002-74 Class FV, 0.605% 11/25/32 (d)

606,143

610,059

Series 2002-75 Class FA, 1.155% 11/25/32 (d)

34,928

35,703

Series 2008-76 Class EF, 0.655% 9/25/23 (d)

140,693

141,158

Series 2010-15 Class FJ, 1.085% 6/25/36 (d)

1,037,319

1,055,329

Series 2010-86 Class FE, 0.605% 8/25/25 (d)

149,153

150,141

pass-thru certificates Series 2012-127 Class DH, 4% 11/25/27

437,187

464,035

planned amortization class:

Series 2002-16 Class PG, 6% 4/25/17

56,973

59,450

Series 2002-9 Class PC, 6% 3/25/17

85,460

89,456

Series 2003-74 Class PG, 4.5% 8/25/18

120,597

126,665

Series 2005-19 Class PA, 5.5% 7/25/34

381,911

417,870

Series 2005-27 Class NE, 5.5% 5/25/34

334,435

351,486

Series 2005-52 Class PB, 6.5% 12/25/34

25,328

26,041

Series 2005-64 Class PX, 5.5% 6/25/35

370,353

405,085

sequential payer:

Series 2002-57 Class BD, 5.5% 9/25/17

14,808

15,595

Series 2003-117 Class MD, 5% 12/25/23

168,158

181,501

Series 2004-52 Class KZ, 5.5% 7/25/34

1,792,510

1,977,527

Series 2004-95 Class AN, 5.5% 1/25/25

21,004

21,129

Series 2005-47 Class HK, 4.5% 6/25/20

512,497

540,348

Series 2009-14 Class EB, 4.5% 3/25/24

497,117

526,628

Series 2010-88 Class NA, 4% 8/25/28

1,268,414

1,322,792

Collateralized Mortgage Obligations - continued

 

Principal Amount

Value

U.S. Government Agency - continued

Fannie Mae: - continued

sequential payer:

Series 2010-139 Class NI, 4.5% 2/25/40 (e)

$ 649,425

$ 107,252

Series 2010-39 Class FG, 1.075% 3/25/36 (d)

631,010

646,641

Series 2011-67 Class AI, 4% 7/25/26 (e)

171,931

19,769

Freddie Mac:

floater:

Series 2448 Class FT, 1.155% 3/15/32 (d)

93,618

95,559

Series 2526 Class FC, 0.555% 11/15/32 (d)

96,214

96,668

Series 2530 Class FE, 0.755% 2/15/32 (d)

45,711

46,298

Series 2630 Class FL, 0.655% 6/15/18 (d)

4,590

4,607

Series 2711 Class FC, 1.055% 2/15/33 (d)

355,063

360,311

floater planned amortization class Series 2770 Class FH, 0.555% 3/15/34 (d)

312,198

314,306

planned amortization class:

Series 2006-3245 Class ME, 5.5% 6/15/35

165,814

168,507

Series 2356 Class GD, 6% 9/15/16

12,562

13,077

Series 2363 Class PF, 6% 9/15/16

14,325

14,848

Series 2376 Class JE, 5.5% 11/15/16

12,924

13,443

Series 2381 Class OG, 5.5% 11/15/16

7,248

7,511

Series 2425 Class JH, 6% 3/15/17

19,004

19,938

Series 2695 Class DG, 4% 10/15/18

349,358

366,743

Series 3415 Class PC, 5% 12/15/37

138,317

148,955

Series 3763 Class QA, 4% 4/15/34

310,125

326,553

planned amortization class sequential payer Series 2005-2963 Class VB, 5% 11/15/34

480,000

510,010

sequential payer:

Series 1929 Class EZ, 7.5% 2/17/27

368,521

419,351

Series 2004-2802 Class ZG, 5.5% 5/15/34

1,017,526

1,158,270

Series 2004-2862 Class NE, 5% 9/15/24

3,016,903

3,271,679

Series 2145 Class MZ, 6.5% 4/15/29

460,426

528,259

Series 2357 Class ZB, 6.5% 9/15/31

235,064

271,481

Series 3578 Class B, 4.5% 9/15/24

580,664

609,698

Series 3659 Class EJ 3% 6/15/18

257,670

264,975

Ginnie Mae guaranteed REMIC pass-thru certificates:

floater:

Series 2007-59 Class FC, 0.6562% 7/20/37 (d)

175,825

177,147

Series 2008-2 Class FD, 0.6362% 1/20/38 (d)

44,090

44,406

Series 2008-73 Class FA, 1.0162% 8/20/38 (d)

323,779

329,964

Series 2008-83 Class FB, 1.0562% 9/20/38 (d)

330,133

336,691

Series 2009-108 Class CF, 0.755% 11/16/39 (d)

200,058

202,072

Collateralized Mortgage Obligations - continued

 

Principal Amount

Value

U.S. Government Agency - continued

Ginnie Mae guaranteed REMIC pass-thru certificates: - continued

floater:

Series 2009-116 Class KF, 0.685% 12/16/39 (d)

$ 164,670

$ 166,093

Series 2010-9 Class FA, 0.675% 1/16/40 (d)

256,403

258,486

Series 2010-H17 Class FA, 0.486% 7/20/60 (d)(f)

1,183,204

1,175,102

Series 2010-H18 Class AF, 0.451% 9/20/60 (d)(f)

1,321,580

1,310,392

Series 2010-H19 Class FG, 0.4552% 8/20/60 (d)(f)

1,633,418

1,619,982

Series 2010-H27 Series FA, 0.5352% 12/20/60 (d)(f)

453,214

450,826

Series 2011-H05 Class FA, 0.6552% 12/20/60 (d)(f)

794,303

794,428

Series 2011-H07 Class FA, 0.6552% 2/20/61 (d)(f)

1,382,895

1,383,144

Series 2011-H12 Class FA, 0.6452% 2/20/61 (d)(f)

1,732,889

1,732,513

Series 2011-H13 Class FA, 0.6552% 4/20/61 (d)(f)

677,240

677,381

Series 2011-H14:

Class FB, 0.6552% 5/20/61 (d)(f)

757,851

759,524

Class FC, 0.6552% 5/20/61 (d)(f)

713,027

714,580

Series 2011-H17 Class FA, 0.6852% 6/20/61 (d)(f)

933,924

935,295

Series 2011-H21 Class FA, 0.7552% 10/20/61 (d)(f)

953,685

957,625

Series 2012-H01 Class FA, 0.8552% 11/20/61 (d)(f)

817,996

824,842

Series 2012-H03 Class FA, 0.8552% 1/20/62 (d)(f)

554,984

559,629

Series 2012-H06 Class FA, 0.7852% 1/20/62 (d)(f)

828,046

832,539

Series 2012-H07 Class FA, 0.7852% 3/20/62 (d)(f)

504,119

507,688

floater sequential payer Series 2011-150 Class D, 3% 4/20/37

77,469

78,617

planned amortization class:

Series 2010-112 Class PM, 3.25% 9/20/33

39,167

39,382

Series 2010-99 Class PT, 3.5% 8/20/33

50,259

50,574

Series 2011-68 Class EC, 3.5% 4/20/41

741,819

782,222

Series 1999-18 Class Z, 6.25% 5/16/29

785,089

884,693

Series 2010-H13 Class JA, 5.46% 10/20/59 (f)

3,535,088

3,734,951

Series 2010-H15 Class TP, 5.15% 8/20/60 (f)

1,966,235

2,158,076

Series 2010-H17 Class XP, 5.3001% 7/20/60 (d)(f)

2,490,848

2,728,916

Collateralized Mortgage Obligations - continued

 

Principal Amount

Value

U.S. Government Agency - continued

Ginnie Mae guaranteed REMIC pass-thru certificates: - continued

Series 2010-H18 Class PL, 5.01% 9/20/60 (d)(f)

$ 1,843,078

$ 2,017,901

Series 2012-64 Class KB, 4.0807% 5/20/41 (d)

229,264

258,878

TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS

(Cost $47,927,157)

48,324,877

Commercial Mortgage Securities - 6.5%

 

Freddie Mac:

pass thru-certificates floater Series KF01 Class A, 0.505% 4/25/19 (d)

654,389

655,389

sequential payer:

Series K009 Class A2, 3.808% 8/25/20

800,000

866,057

Series K034 Class A1, 2.669% 2/25/23

7,183,673

7,382,424

Series K032 Class A1, 3.016% 2/25/23

2,577,712

2,690,905

Series K036 Class A1, 2.777% 4/25/23

4,906,823

5,050,053

Series K501 Class A2, 1.655% 11/25/16

930,000

944,746

Series K714 Class A2, 3.097% 10/25/20

6,500,000

6,787,771

TOTAL COMMERCIAL MORTGAGE SECURITIES

(Cost $24,017,525)

24,377,345

Foreign Government and Government Agency Obligations - 1.4%

 

Israeli State (guaranteed by U.S. Government through Agency for International Development) 5.5% 12/4/23

4,000

4,921

Jordanian Kingdom 2.503% 10/30/20

3,752,000

3,812,302

Ukraine Government 1.844% 5/16/19

1,378,000

1,377,311

TOTAL FOREIGN GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS

(Cost $5,134,683)

5,194,534

Cash Equivalents - 5.3%

Maturity Amount

Value

Investments in repurchase agreements in a joint trading account at 0.06%, dated 8/29/14 due 9/2/14:

(Collateralized by U.S. Government Obligations) #

$ 8,498,057

$ 8,498,000

(Collateralized by U.S. Government Obligations) # (g)

11,229,073

11,229,000

TOTAL CASH EQUIVALENTS

(Cost $19,727,000)


19,727,000

Purchased Swaptions - 0.0%

Expiration Date

Notional Amount

 

Put Options - 0.0%

Option on an interest rate swap with JP Morgan Chase Bank, N.A. to pay a fixed rate of 3.3825% and receive a floating rate based on 3-month LIBOR
(Cost $116,531)

1/13/15

$ 3,899,000


4,561

TOTAL INVESTMENT PORTFOLIO - 104.9%

(Cost $390,303,823)

392,363,807

NET OTHER ASSETS (LIABILITIES) - (4.9)%

(18,154,386)

NET ASSETS - 100%

$ 374,209,421

Futures Contracts

 

Underlying Face Amount at Value

Unrealized
Appreciation/
(Depreciation)

Purchased

Treasury Contracts

51 CBOT 2 Year U.S. Treasury Note Contracts

Jan. 2015

$ 11,171,391

$ (8,880)

54 CBOT 5 Year U.S. Treasury Note Contracts

Dec. 2014

6,417,141

(1,376)

TOTAL PURCHASED

 

$ 17,588,532

$ (10,256)

Futures Contracts - continued

Expiration Date

Underlying Face Amount at Value

Unrealized
Appreciation/
(Depreciation)

Sold

Treasury Contracts

17 CBOT 10 Year U.S. Treasury Note Contracts

Dec. 2014

$ 2,138,281

$ (5,744)

TOTAL TREASURY CONTRACTS

 

$ 19,726,813

$ (16,000)

 

The face value of futures purchased as a percentage of net assets is 4.7%

 

The face value of futures sold as a percentage of net assets is 0.6%

Swaps

Interest Rate Swaps

Clearinghouse/Counterparty(1)

Expiration Date

Notional Amount

Payment Received

Payment Paid

Value

Upfront Premium Received/
(Paid)(2)

Unrealized Appreciation/
(Depreciation)

CME

Sep.
2016

$ 371,280

3-month LIBOR

1%

$ 61

$ -

$ 61

CME

Sep.
2019

24,191

3-month LIBOR

2.25%

(198)

-

(198)

CME

Sep.
2024

2,121,000

3-month LIBOR

3.25%

(63,219)

-

(63,219)

TOTAL INTEREST RATE SWAPS

$ (63,356)

$ -

$ (63,356)

 

(1) Swaps with CME Group (CME) Clearnet Group (LCH) are centrally cleared over-the-counter (OTC) swaps.

 

(2) Any premiums for centrally cleared OTC swaps are recorded periodically throughout the term of the swap to variation margin and included in unrealized appreciation (depreciation).

Legend

(a) Security or a portion of the security is on loan at period end.

(b) Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $84,794.

(c) Security or a portion of the security was pledged to cover margin requirements for centrally cleared OTC swaps. At period end, the value of securities pledged amounted to $146,171.

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

(e) Security represents right to receive monthly interest payments on an underlying pool of mortgages or assets. Principal shown is the outstanding par amount of the pool as of the end of the period.

(f) Represents an investment in an underlying pool of reverse mortgages which typically do not require regular principal and interest payments as repayment is deferred until a maturity event.

(g) Includes investment made with cash collateral from securities on loan.

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

Repurchase Agreement / Counterparty

Value

$8,498,000 due 9/02/14 at 0.06%

Commerz Markets LLC

$ 8,498,000

$11,229,000 due 9/02/14 at 0.06%

Commerz Markets LLC

$ 9,704,533

HSBC Securities (USA), Inc.

1,524,467

 

$ 11,229,000

Other Information

The following is a summary of the inputs used, as of August 31, 2014, involving the Fund's assets and liabilities carried at fair value. 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, and their aggregation into the levels used in the table below, please refer to the Investment Valuation section at the end of this listing.

Valuation Inputs at Reporting Date:

Description

Total

Level 1

Level 2

Level 3

Investments in Securities:

U.S. Government and Government Agency Obligations

$ 257,762,890

$ -

$ 257,762,890

$ -

U.S. Government Agency - Mortgage Securities

36,972,600

-

36,972,600

-

Collateralized Mortgage Obligations

48,324,877

-

48,324,877

-

Commercial Mortgage Securities

24,377,345

-

24,377,345

-

Foreign Government and Government Agency Obligations

5,194,534

-

5,194,534

-

Cash Equivalents

19,727,000

-

19,727,000

-

Purchased Swaptions

4,561

-

4,561

-

Total Investments in Securities:

$ 392,363,807

$ -

$ 392,363,807

$ -

Other Derivative Instruments:

Assets

Swaps

$ 61

$ -

$ 61

$ -

Liabilities

Futures Contracts

$ (16,000)

$ (16,000)

$ -

$ -

Swaps

(63,417)

-

(63,417)

-

Total Liabilities

$ (79,417)

$ (16,000)

$ (63,417)

$ -

Total Other Derivative Instruments:

$ (79,356)

$ (16,000)

$ (63,356)

$ -

Income Tax Information

At August 31, 2014, the cost of investment securities for income tax purposes was $390,240,466. Net unrealized appreciation aggregated $2,123,341, of which $2,740,033 related to appreciated investment securities and $616,692 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. In accordance with valuation policies and procedures approved by the Board of Trustees (the Board), the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Fidelity Management & Research Company (FMR) Fair Value Committee (the Committee), in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment 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 Committee oversees the Fund's valuation policies and procedures and is responsible for approving and reporting to the Board all fair value determinations. 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 third party pricing vendors or from brokers who make markets in such securities. Foreign government and government agency obligations and U.S. government and government agency obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices.

Collateralized mortgage obligations, commercial mortgage securities and U.S. government agency mortgage securities are valued by pricing vendors who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Swaps are marked-to-market daily based on valuations from third party pricing vendors, registered derivatives clearing organizations (clearinghouses) or broker-supplied valuations. These pricing sources may utilize inputs such as interest rate curves, credit spread curves, default possibilities and recovery rates. When independent prices are unavailable or unreliable, debt securities and swaps may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities and swaps are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Options traded over-the-counter are valued using broker-supplied valuations and are categorized as Level 2 in the hierarchy. Short-term securities with remaining maturities of sixty days or less may be 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 Advisor Series IV'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 Advisor Series IV

By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

October 30, 2014

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/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

October 30, 2014

By:

/s/Howard J. Galligan III

 

Howard J. Galligan III

 

Chief Financial Officer

 

 

Date:

October 30, 2014