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 811-6453

Fidelity Court Street Trust II
(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:

February 28, 2014

Item 1. Schedule of Investments

Quarterly Holdings Report

for

Fidelity ® New Jersey Municipal Money Market Fund

February 28, 2014

1.814343.109
NJS-QTLY-0414

Investments February 28, 2014 (Unaudited)

Showing Percentage of Net Assets

Variable Rate Demand Note - 62.7%

Principal Amount

Value

Alabama - 0.2%

Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.34% 3/7/14, VRDN (b)(e)

$ 1,400,000

$ 1,400,000

Mobile Indl. Dev. Board Dock & Wharf Rev. (Holnam, Inc. Proj.) Series 1999 A, 0.07% 3/7/14, LOC Bayerische Landesbank Girozentrale, VRDN (b)

2,500,000

2,500,000

 

3,900,000

Delaware - 0.2%

Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.):

Series 1988, 0.2% 3/3/14, VRDN (b)(e)

2,550,000

2,550,000

Series 1994, 0.2% 3/3/14, VRDN (b)(e)

1,200,000

1,200,000

 

3,750,000

Delaware, New Jersey - 0.7%

Delaware River & Bay Auth. Rev. Series 2008, 0.02% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

18,800,000

18,800,000

Florida - 0.1%

Miami-Dade County Indl. Dev. Auth. Rev. (Tarmac America Proj.) Series 2004, 0.1% 3/7/14, LOC Bank of America NA, VRDN (b)(e)

3,200,000

3,200,000

Iowa - 0.3%

Iowa Fin. Auth. Solid Disp. Waste Rev. (MidAmerican Energy Proj.) Series 2008 A, 0.06% 3/7/14, VRDN (b)(e)

8,000,000

8,000,000

Kentucky - 0.2%

Carroll County Envir. Facilities Rev. (Kentucky Utils. Co. Proj.) Series 2006 B, 0.05% 3/7/14, LOC Sumitomo Mitsui Banking Corp., VRDN (b)(e)

5,000,000

5,000,000

Louisiana - 0.1%

Louisiana Pub. Facilities Auth. Rev. (Air Products & Chemicals, Inc. Proj.) Series 2002, 0.04% 3/7/14, VRDN (b)(e)

2,100,000

2,100,000

Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.):

Series 2010 A1, 0.31% 3/7/14, VRDN (b)

600,000

600,000

Series 2010 B1, 0.3% 3/7/14, VRDN (b)

400,000

400,000

 

3,100,000

Nebraska - 0.1%

Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 0.34% 3/7/14, VRDN (b)(e)

1,400,000

1,400,000

Variable Rate Demand Note - continued

Principal Amount

Value

Nevada - 0.1%

Clark County Arpt. Rev.:

Series 2008 C2, 0.12% 3/7/14, LOC Landesbank Baden-Wurttemberg, VRDN (b)(e)

$ 1,700,000

$ 1,700,000

Series 2008 C3, 0.14% 3/7/14, LOC Landesbank Baden-Wurttemberg, VRDN (b)(e)

1,000,000

1,000,000

 

2,700,000

New Jersey - 39.6%

Bergen County Impt. Auth. Multi-family Hsg. Rev. (Kentshire Apts. Proj.) Series 2001, 0.04% 3/7/14, LOC Fannie Mae, VRDN (b)(e)

21,000,000

21,000,000

Camden County Impt. Auth. Rev. (Parkview Redev. Hsg. Proj.) Series 2006, 0.03% 3/7/14, LOC Fannie Mae, VRDN (b)(e)

900,000

900,000

Essex County Impt. Auth. Multi-family Hsg. Rev. (Fern Sr. Hsg. Proj.) Series 2010, 0.03% 3/7/14, LOC Freddie Mac, VRDN (b)

4,000,000

4,000,000

Garden State Preservation Trust Open Space & Farmland Preservation Participating VRDN Series Putters 2865, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(f)

4,185,000

4,185,000

Gloucester County Ind. Poll. Cont. Fing. Auth. Rev. (ExxonMobil Proj.) Series 2003, 0.02% 3/3/14, VRDN (b)

700,000

700,000

Hudson County Impt. Auth. Rev. (Essential Purp. Pooled Govt. Ln. Prog.) Series 1986, 0.03% 3/7/14, LOC Bank of New York, New York, VRDN (b)

43,995,000

43,995,000

Mercer County Impt. Auth. Rev. (The Atlantic Foundation Proj.) Series 2008, 0.05% 3/3/14, LOC Bank of America NA, VRDN (b)

5,740,000

5,740,000

New Jersey Econ. Dev. Auth. Econ. Dev. Rev. (Stolt Haven Perth Amboy Proj.) Series 1998 A, 0.04% 3/7/14, LOC Citibank NA, VRDN (b)

19,600,000

19,600,000

New Jersey Econ. Dev. Auth. Natural Gas Facilities Rev.:

(Natural Gas Co. Proj.):

Series 2011 B, 0.04% 3/3/14, VRDN (b)(e)

9,900,000

9,900,000

Series 2011 C, 0.04% 3/7/14, VRDN (b)(e)

35,300,000

35,300,000

(South Jersey Gas Co. Proj.) Series 2006-1, 0.06% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)(e)

25,000,000

25,000,000

New Jersey Econ. Dev. Auth. Rev. (Bayshore Health Ctr. Proj.) Series 1998 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)

11,010,000

11,010,000

New Jersey Econ. Dev. Auth. School Facilities Construction Rev.:

(Applewood Estates Proj.) Series 2005 B, 0.02% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

10,290,000

10,290,000

(Cooper Health Sys. Proj.) Series 2008 A, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

18,800,000

18,800,000

Variable Rate Demand Note - continued

Principal Amount

Value

New Jersey - continued

New Jersey Econ. Dev. Auth. School Facilities Construction Rev.: - continued

(Morris Hall/St. Lawrence, Inc. Proj.) Series 2003, 0.06% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

$ 17,425,543

$ 17,425,543

New Jersey Econ. Dev. Auth. Spl. Facilities Rev. (Port Newark Container Term. LLC Proj.) Series 2003 A, 0.06% 3/7/14, LOC Citibank NA, VRDN (b)(e)

62,500,000

62,500,000

New Jersey Econ. Dev. Auth. Thermal Energy Facilities Rev. (Marina Energy LLC Proj.):

Series 2001 A, 0.08% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)(e)

10,000,000

10,000,000

Series 2006 A, 0.08% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)(e)

5,465,000

5,465,000

New Jersey Edl. Facilities Auth. Rev.:

(Seton Hall Univ. Proj.) Series 2008 D, 0.02% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

28,765,000

28,765,000

Participating VRDN:

Series BA D7, 0.03% 3/7/14 (Liquidity Facility Bank of America NA) (b)(f)

2,670,000

2,670,000

Series Putters 3922, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(f)

4,335,000

4,335,000

New Jersey Envir. Infrastructure Trust Participating VRDN Series Putters 4729, 0.03% 3/7/14 (Liquidity Facility Bank of America NA) (b)(f)

2,015,000

2,015,000

New Jersey Health Care Facilities Fing. Auth. Rev.:

(AHS Hosp. Corp. Proj.):

Series 2008 B, 0.03% 3/7/14, LOC Bank of America NA, VRDN (b)

47,330,000

47,330,000

Series 2008 C, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)

25,175,000

25,175,000

(Barnabas Health Proj.) Series 2011 B, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)

35,610,000

35,610,000

(East Orange Gen. Hosp. Proj.) Series 2006 A2, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (b)

6,620,000

6,620,000

(Meridian Health Sys. Proj.):

Series 2003 A, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)

13,050,000

13,050,000

Series 2006 A4, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

1,600,000

1,600,000

Series 2006 A5, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

3,220,000

3,220,000

(Meridian Nursing and Rehab. at Red Bank, Inc. Proj.) Series 2004 A3, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

9,800,000

9,800,000

Variable Rate Demand Note - continued

Principal Amount

Value

New Jersey - continued

New Jersey Health Care Facilities Fing. Auth. Rev.: - continued

(Robert Wood Johnson Univ. Hosp. Proj.):

Series 2003 A3, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

$ 7,900,000

$ 7,900,000

Series 2004, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

6,155,000

6,155,000

(South Jersey Hosp. Proj.) Series 2004 A4, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

1,100,000

1,100,000

(Southern Ocean County Hosp. Proj.) Series 2006, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

9,525,000

9,525,000

(Underwood-Memorial Hosp. Proj.) Series 2008, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

30,755,000

30,755,000

(Virtua Health Proj.):

Series 2004, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

10,695,000

10,695,000

Series 2009 B, 0.01% 3/3/14, LOC JPMorgan Chase Bank, VRDN (b)

12,880,000

12,880,000

Series 2009 C, 0.04% 3/3/14, LOC JPMorgan Chase Bank, VRDN (b)

22,835,000

22,835,000

Series 2009 D, 0.02% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

28,100,000

28,100,000

Series 2009 E, 0.02% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

4,000,000

4,000,000

Series 2006 A6, 0.08% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

3,150,000

3,150,000

Series 2013 B, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

19,160,000

19,160,000

New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev.:

Series 2008 B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (b)

37,290,000

37,290,000

Series 2008 F, 0.05% 3/7/14, LOC Bank of America NA, VRDN (b)(e)

88,425,000

88,425,000

New Jersey Tpk. Auth. Tpk. Rev.:

Series 2009 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)

41,475,000

41,475,000

Series 2009 B, 0.02% 3/7/14, LOC PNC Bank NA, VRDN (b)

4,000,000

4,000,000

New Jersey Trans. Trust Fund Auth. Series 2009 D, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

99,900,000

99,900,000

Salem County Poll. Cont. Fin. Auth. Rev.:

(Pub. Svc. Elec. and Gas Co. Proj.):

Series 2003 B1, 0.18% 3/7/14, VRDN (b)

1,800,000

1,800,000

Series 2012 A, 0.2% 3/7/14, VRDN (b)(e)

10,700,000

10,700,000

Variable Rate Demand Note - continued

Principal Amount

Value

New Jersey - continued

Salem County Poll. Cont. Fin. Auth. Rev.: - continued

0.04% 3/5/14, LOC JPMorgan Chase Bank, VRDN (b)

$ 18,200,000

$ 18,200,000

South Jersey Trans. Auth. Trans. Sys. Rev. Series 2009 A3, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)

23,410,000

23,410,000

Union County Utils. Resources Auth. Participating VRDN Series RBC O 7, 0.05% 3/7/14 (Liquidity Facility Royal Bank of Canada) (b)(e)(f)

7,140,000

7,140,000

Vineland Gen. Oblig. 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (b)(e)

23,965,000

23,965,000

 

998,560,543

Pennsylvania, New Jersey - 9.0%

Delaware River Port Auth. Pennsylvania & New Jersey Rev.:

Series 2008 A, 0.03% 3/7/14, LOC Bank of America NA, VRDN (b)

52,170,000

52,170,000

Series 2008 B, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (b)

21,000,000

21,000,000

Series 2010 A, 0.03% 3/7/14, LOC Royal Bank of Canada, VRDN (b)

35,500,000

35,500,000

Series 2010 B, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (b)

108,540,000

108,540,000

Series 2010 C, 0.04% 3/7/14, LOC Bank of New York, New York, VRDN (b)

10,400,000

10,400,000

 

227,610,000

New York - 0.7%

Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.12% 3/7/14, LOC KeyBank NA, VRDN (b)

3,000,000

3,000,000

New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.27% 3/7/14, LOC RBS Citizens NA, VRDN (b)

3,600,000

3,600,000

New York Hsg. Fin. Agcy. Rev. (101 West End Hsg. Proj.) Series 1998 A, 0.04% 3/7/14, LOC Fannie Mae, VRDN (b)(e)

12,200,000

12,200,000

 

18,800,000

New York And New Jersey - 8.0%

Port Auth. of New York & New Jersey:

Participating VRDN:

Series BA 07 1043, 0.08% 3/7/14 (Liquidity Facility Bank of America NA) (b)(f)

3,725,000

3,725,000

Series BA 08 1066, 0.13% 3/7/14 (Liquidity Facility Bank of America NA) (b)(e)(f)

3,540,000

3,540,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York And New Jersey - continued

Port Auth. of New York & New Jersey: - continued

Participating VRDN:

Series BA 08 1067, 0.1% 3/7/14 (Liquidity Facility Bank of America NA) (b)(e)(f)

$ 5,815,000

$ 5,815,000

Series BA 08 1107, 0.1% 3/7/14 (Liquidity Facility Bank of America NA) (b)(e)(f)

24,260,000

24,260,000

Series BC 11 17B, 0.04% 3/7/14 (Liquidity Facility Barclays Bank PLC) (a)(b)(f)

6,460,000

6,460,000

Series EGL 06 107 Class A, 0.08% 3/7/14 (Liquidity Facility Citibank NA) (b)(e)(f)

33,200,000

33,200,000

Series MS 3321, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (b)(e)(f)

4,170,000

4,170,000

Series Putters 2945, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

1,670,000

1,670,000

Series Putters 3114, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

2,375,000

2,375,000

Series Putters 3162, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

22,605,000

22,605,000

Series Putters 3172, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

13,505,000

13,505,000

Series Putters 4001 Z, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

7,155,000

7,155,000

Series Putters 4129, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

6,170,000

6,170,000

Series Putters 4436Z, 0.08% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (b)(e)(f)

1,675,000

1,675,000

Series RBC O 19, 0.05% 3/7/14 (Liquidity Facility Royal Bank of Canada) (b)(e)(f)

3,470,000

3,470,000

Series ROC II R 11439, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (b)(f)

2,690,000

2,690,000

Series Solar 06 16, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (b)(f)

12,535,000

12,535,000

Series 1991 1, 0.11% 3/31/14, VRDN (b)(e)(g)

8,800,000

8,800,000

Series 1991 3, 0.11% 3/31/14, VRDN (b)(e)(g)

9,800,000

9,800,000

Series 1992 1, 0.08% 3/31/14, VRDN (b)(g)

6,800,000

6,800,000

Series 1995 3, 0.11% 3/31/14, VRDN (b)(e)(g)

9,400,000

9,400,000

Series 1995 4, 0.11% 3/31/14, VRDN (b)(e)(g)

10,500,000

10,500,000

Series 1997 2, 0.08% 3/31/14, VRDN (b)(g)

2,000,000

2,000,000

 

202,320,000

North Carolina - 0.1%

Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.07% 3/7/14, LOC Cr. Industriel et Commercial, VRDN (b)

2,600,000

2,600,000

Variable Rate Demand Note - continued

Principal Amount

Value

Ohio - 0.3%

Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.):

Series A, 0.24% 3/7/14, VRDN (b)

$ 6,900,000

$ 6,900,000

Series B, 0.14% 3/7/14, VRDN (b)

1,800,000

1,800,000

 

8,700,000

Pennsylvania - 0.2%

Cumberland County Muni. Auth. Rev. (Messiah Village Proj.) Series 2008 B, 0.14% 3/7/14, LOC Citizens Bank of Pennsylvania, VRDN (b)

4,000,000

4,000,000

Puerto Rico - 2.0%

Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev. Series 1998 A, 0.1% 3/7/14, LOC Bank of Nova Scotia, VRDN (b)

45,250,000

45,250,000

RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 46, 0.14% 3/7/14 (Liquidity Facility Royal Bank of Canada) (b)(f)

4,100,000

4,100,000

 

49,350,000

South Carolina - 0.0%

Oconee County Poll. Cont. Rev. (Duke Energy Corp. Proj.) Series 1999 A, 0.08% 3/3/14, VRDN (b)

1,000,000

1,000,000

Tennessee - 0.3%

Henderson TN IDB Rev. (Arvin Sango, Inc. Proj.) Series 2012, 0.06% 3/7/14, LOC Bank of Tokyo-Mitsubishi UFJ Ltd., VRDN (b)(e)

5,000,000

5,000,000

Montgomery County Pub. Bldg. Auth. Pooled Fing. Rev. (Tennessee County Ln. Pool Prog.) Series 2002, 0.07% 3/3/14, LOC Bank of America NA, VRDN (b)

1,600,000

1,600,000

 

6,600,000

Texas - 0.4%

Gulf Coast Waste Disp. Auth. Solid Waste Disp. Rev. (Waste Mgmt., Inc. Proj.) Series A, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (b)(e)

1,100,000

1,100,000

Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.):

Series 2001 A, 0.28% 3/3/14, VRDN (b)

600,000

600,000

Series 2009 C, 0.28% 3/3/14, VRDN (b)

1,300,000

1,300,000

Series 2010 C, 0.28% 3/3/14, VRDN (b)

6,000,000

6,000,000

 

9,000,000

Variable Rate Demand Note - continued

Principal Amount

Value

Wyoming - 0.1%

Lincoln County Envir. (PacifiCorp Proj.) Series 1995, 0.2% 3/7/14, VRDN (b)(e)

$ 1,650,000

$ 1,650,000

Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.22% 3/7/14, VRDN (b)

600,000

600,000

 

2,250,000

TOTAL VARIABLE RATE DEMAND NOTE

(Cost $1,580,640,543)


1,580,640,543

Other Municipal Debt - 25.6%

 

 

 

 

Florida - 0.2%

Florida Board of Ed. Pub. Ed. Cap. Outlay Bonds Series WF11 60 C, 0.13%, tender 7/31/14 (Liquidity Facility Wells Fargo Bank NA) (b)(f)(g)

3,755,000

3,755,000

Kentucky - 0.2%

Jefferson County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Co. Proj.) Series 2001 A, 0.25% tender 4/8/14, CP mode

900,000

900,000

Trimble County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Proj.) Series 2001 B, 0.25% tender 3/5/14, CP mode (e)

3,500,000

3,500,000

 

4,400,000

Massachusetts - 0.2%

Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.):

Series 1992, 0.28% tender 4/9/14, CP mode

3,740,000

3,740,000

Series 1993 A, 0.28% tender 4/9/14, CP mode

200,000

200,000

Series 1993 B, 0.35% tender 3/27/14, CP mode

1,650,000

1,650,000

Massachusetts State Dev. Fin. Agcy. Elec. Util. Rev. Bonds (Nantucket Elec. Co. Proj.) Series 2007, 0.3% tender 3/5/14, CP mode (e)

400,000

400,000

 

5,990,000

New Hampshire - 0.2%

New Hampshire Bus. Fin. Auth. Poll. Cont. Rev. Bonds:

(New England Pwr. Co. Proj.) Series 1990 A1, 0.3% tender 3/5/14, CP mode (e)

3,500,000

3,500,000

Series 1990 A, 0.33% tender 4/9/14, CP mode (e)

2,600,000

2,600,000

 

6,100,000

New Jersey - 20.2%

Belmar Gen. Oblig. BAN 1.25% 3/14/14

12,200,000

12,202,507

Other Municipal Debt - continued

Principal Amount

Value

New Jersey - continued

Bergen County Gen. Oblig. Bonds Series 2013 C, 2% 12/1/14

$ 1,000,000

$ 1,013,529

Burlington County Gen. Oblig. BAN Series 2013 B, 0.75% 5/21/14

15,884,718

15,906,306

Chatham Township Gen. Oblig. BAN 1.25% 7/18/14

4,247,000

4,261,823

Chester Township Gen. Oblig. BAN 1% 2/20/15

3,530,200

3,555,955

Clark Township Gen. Oblig. BAN 1% 3/21/14

8,300,000

8,303,078

Clinton Township BAN 1.25% 1/29/15

6,144,000

6,192,843

Denville Township BAN 1.25% 10/16/14

6,000,000

6,034,896

Edgewater Gen. Oblig. BAN 1.25% 7/25/14

17,487,000

17,547,601

Englewood Gen. Oblig. BAN:

Series 2013 A, 1.25% 5/2/14

25,300,000

25,332,492

1.25% 12/18/14

2,320,000

2,333,102

Essex County Gen. Oblig. BAN Series 2013 A, 1% 9/24/14

59,800,000

60,077,498

Essex County Impt. Auth. Rev. Bonds (Rfdg. Proj.) Series 2013, 2% 12/15/14

9,600,000

9,738,800

Fair Lawn Gen. Oblig. BAN 1.25% 9/19/14

8,100,000

8,142,900

Florham Park Gen. Oblig. BAN 1.25% 10/23/14

7,600,000

7,648,010

Hoboken Gen. Oblig. BAN 1% 7/1/14

2,580,000

2,582,762

Hopatcong Borough Gen. Oblig. BAN 1.25% 8/1/14

12,400,000

12,451,302

Hopewell Township Gen. Oblig. BAN:

Series 2013 A, 1% 4/11/14

3,824,378

3,827,548

1% 4/11/14

23,928,783

23,950,786

Mahwah Township Gen. Oblig. BAN:

1.25% 8/8/14

6,750,000

6,780,092

1.25% 10/10/14

5,900,000

5,936,299

Middlesex County Gen. Oblig. BAN 1% 6/6/14

29,400,000

29,464,693

Millburn Township Gen. Oblig. BAN:

1% 6/19/14

7,295,000

7,306,586

1.25% 2/6/15

5,103,781

5,145,212

Monmouth County Impt. Auth. Rev. BAN Series 2013, 2% 12/4/14 (Monmouth County N J Guaranteed)

9,400,000

9,528,578

New Jersey Econ. Dev. Auth. Rev. Bonds (Keystone Urban Renewal Proj.) Series 1992, 0.1% tender 3/7/14, LOC BNP Paribas SA, CP mode (e)

6,950,000

6,950,000

New Jersey Econ. Dev. Auth. School Facilities Construction Rev. Bonds:

Series 2004, 5.75% 6/15/14 (Pre-Refunded to 6/15/14 @ 100)

3,790,000

3,851,125

Series 2005 O, 5.25% 3/1/15

475,000

498,599

Series 2011 GG, 4% 9/1/14

2,000,000

2,038,592

4% 9/1/14

1,050,000

1,070,291

Other Municipal Debt - continued

Principal Amount

Value

New Jersey - continued

New Jersey Edl. Facilities Auth. Rev. Bonds 5% 9/1/14

$ 1,000,000

$ 1,024,386

New Jersey Envir. Infrastructure Trust Bonds Series 2005 A, 5% 9/1/14

930,000

952,331

New Jersey Trans. Trust Fund Auth. Bonds:

Series 2004 B, 5.25% 12/15/14

6,405,000

6,660,849

Series 2011 A, 5% 6/15/14

2,115,000

2,144,883

5.25% 12/15/14

1,000,000

1,040,157

North Brunswick Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/5/14

28,378,500

28,508,858

Parsippany Troy Hills Township Gen. Oblig. BAN Series 2013, 1.25% 10/1/14

25,400,000

25,555,920

Passaic County Gen. Oblig. BAN Series 2013 A, 1.25% 12/19/14

24,500,000

24,701,920

Princeton Borough Gen. Oblig. BAN 1.25% 10/31/14

6,500,000

6,542,453

Randolph Township Gen. Oblig. BAN 1.25% 3/26/14

7,045,000

7,049,473

Robbinsville Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/4/14

14,535,676

14,597,598

Rockaway Township Gen. Oblig. BAN 1.25% 11/21/14

4,400,000

4,429,262

Rutgers State Univ. Rev. Bonds Series 2013 J:

1% 5/1/14

6,740,000

6,749,224

1% 5/1/14

3,900,000

3,905,337

Scotch Plains Township BAN 1.25% 1/16/15

4,800,000

4,842,922

South River Borough Gen. Oblig. BAN 1.25% 12/17/14

13,200,000

13,279,568

Springfield Township Gen. Oblig. BAN:

1.25% 7/24/14

7,890,000

7,919,996

1.25% 8/8/14

8,000,000

8,031,086

Summit Gen. Oblig. BAN 5% 12/31/14

9,286,400

9,661,357

Township of Bridgewater BAN 1.25% 9/11/14

4,533,019

4,555,342

Union County Gen. Oblig. Bonds Series 2012 A, 3% 3/1/14

4,060,000

4,060,000

Watchung Gen. Oblig. BAN 1.25% 2/27/15

4,800,000

4,844,709

West Milford Township Gen. Oblig. BAN 1% 4/11/14

9,382,303

9,389,016

 

510,120,452

New York - 0.1%

Port Auth. of New York & New Jersey Bonds 154th Series 5% 9/1/14

1,275,000

1,305,979

New York And New Jersey - 4.5%

Port Auth. of New York & New Jersey:

Bonds 172nd Series, 3% 10/1/14 (e)

3,200,000

3,251,905

Series 2013 A:

0.12% 3/4/14, CP (e)

12,020,000

12,020,000

0.12% 3/20/14, CP (e)

16,105,000

16,105,000

Other Municipal Debt - continued

Principal Amount

Value

New York And New Jersey - continued

Port Auth. of New York & New Jersey: - continued

Series 2013 A:

0.12% 4/3/14, CP (e)

$ 8,935,000

$ 8,935,000

Series 2013 B, 0.12% 3/4/14, CP

5,234,000

5,234,000

Series 2014 A:

0.07% 6/4/14, CP (e)

18,365,000

18,365,000

0.08% 6/9/14, CP (e)

21,105,000

21,105,000

0.08% 6/17/14, CP (e)

3,400,000

3,400,000

Series 2014 B, 0.09% 6/16/14, CP

8,928,000

8,928,000

Series A:

0.09% 5/22/14, CP (e)

2,650,000

2,650,000

0.1% 5/5/14, CP (e)

2,205,000

2,205,000

Series B, 0.08% 4/2/14, CP

6,205,500

6,205,500

0.1% 3/17/14, CP

3,700,000

3,700,000

 

112,104,405

Virginia - 0.0%

Halifax County Indl. Dev. Auth. Poll. Cont. Rev. Bonds (Virginia Elec. & Pwr. Co. Proj.) Series 1992, 0.6% tender 3/7/14, CP mode (e)

500,000

500,000

TOTAL OTHER MUNICIPAL DEBT

(Cost $644,275,836)


644,275,836

Investment Company - 11.8%

Shares

 

Fidelity Municipal Cash Central Fund, 0.04% (c)(d)

(Cost $297,662,000)

297,662,000


297,662,000

TOTAL INVESTMENT PORTFOLIO - 100.1%

(Cost $2,522,578,379)

2,522,578,379

NET OTHER ASSETS (LIABILITIES) - (0.1)%

(2,021,991)

NET ASSETS - 100%

$ 2,520,556,388

Security Type Abbreviations

BAN

-

BOND ANTICIPATION NOTE

CP

-

COMMERCIAL PAPER

VRDN

-

VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

(a) 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 $6,460,000 or 0.3% of net assets.

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

(c) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

(d) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

(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) 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 $51,055,000 or 2.0% of net assets.

Additional information on each restricted holding is as follows:

Security

Acquisition Date

Cost

Florida Board of Ed. Pub. Ed. Cap. Outlay Bonds Series WF11 60 C, 0.13%, tender 7/31/14 (Liquidity Facility Wells Fargo Bank NA)

3/15/13

$ 3,755,000

Port Auth. of New York & New Jersey Series 1991 1, 0.11% 3/31/14, VRDN

6/18/91

$ 8,800,000

Port Auth. of New York & New Jersey Series 1991 3, 0.11% 3/31/14, VRDN

12/3/03

$ 9,800,000

Port Auth. of New York & New Jersey Series 1992 1, 0.08% 3/31/14, VRDN

2/14/92

$ 6,800,000

Port Auth. of New York & New Jersey Series 1995 3, 0.11% 3/31/14, VRDN

9/15/95

$ 9,400,000

Security

Acquisition Date

Cost

Port Auth. of New York & New Jersey Series 1995 4, 0.11% 3/31/14, VRDN

8/9/02

$ 10,500,000

Port Auth. of New York & New Jersey Series 1997 2, 0.08% 3/31/14, VRDN

10/26/12 - 11/8/13

$ 2,000,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Municipal Cash Central Fund

$ 34,402

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 February 28, 2014, the cost of investment securities for income tax purposes was $2,522,578,379.

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. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

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 ® New Jersey
AMT Tax-Free Money Market Fund

New Jersey AMT Tax-Free Money Market
Institutional Class
Service Class

February 28, 2014

1.814103.109
SNJ-QTLY-0414

Investments February 28, 2014 (Unaudited)

Showing Percentage of Net Assets

Variable Rate Demand Note - 65.3%

Principal Amount

Value

Arizona - 0.3%

Eclipse Fdg. Trust Various States Participating VRDN Series Solar 06 23, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (a)(c)

$ 1,285,000

$ 1,285,000

Delaware - 0.3%

Delaware Econ. Dev. Auth. Rev. (Delmarva Pwr. & Lt. Co. Proj.):

Series 1993 C, 0.25% 3/7/14, VRDN (a)

950,000

950,000

Series 1999 A, 0.21% 3/7/14, VRDN (a)

200,000

200,000

 

1,150,000

Florida - 0.4%

Orange County Indl. Dev. Auth. Indl. Dev. Rev. (Central Florida YMCA Proj.) Series 2002 A, 0.07% 3/7/14, LOC Bank of America NA, VRDN (a)

1,540,000

1,540,000

Louisiana - 0.5%

Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.):

Series 2010 A1, 0.31% 3/7/14, VRDN (a)

500,000

500,000

Series 2010 B1, 0.3% 3/7/14, VRDN (a)

1,500,000

1,500,000

 

2,000,000

New Jersey - 42.0%

Garden State Preservation Trust Open Space & Farmland Preservation Participating VRDN Series Putters 2865, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (a)(c)

4,190,000

4,190,000

Hudson County Impt. Auth. Rev. (Essential Purp. Pooled Govt. Ln. Prog.) Series 1986, 0.03% 3/7/14, LOC Bank of New York, New York, VRDN (a)

27,705,000

27,705,000

New Jersey Econ. Dev. Auth. Econ. Dev. Rev. (Stolt Haven Perth Amboy Proj.) Series 1998 A, 0.04% 3/7/14, LOC Citibank NA, VRDN (a)

5,400,000

5,400,000

New Jersey Econ. Dev. Auth. Natural Gas Facilities Rev. (Natural Gas Co. Proj.) Series 2011 A, 0.02% 3/3/14, VRDN (a)

4,700,000

4,700,000

New Jersey Health Care Facilities Fing. Auth. Rev.:

(AHS Hosp. Corp. Proj.):

Series 2008 B, 0.03% 3/7/14, LOC Bank of America NA, VRDN (a)

24,925,000

24,925,000

Series 2008 C, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

12,235,000

12,235,000

(East Orange Gen. Hosp. Proj.) Series 2006 A2, 0.03% 3/7/14, LOC PNC Bank NA, VRDN (a)

925,000

925,000

(Meridian Health Sys. Proj.) Series 2003 A, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

13,335,000

13,335,000

Variable Rate Demand Note - continued

Principal Amount

Value

New Jersey - continued

New Jersey Health Care Facilities Fing. Auth. Rev.: - continued

(Underwood-Memorial Hosp. Proj.) Series 2008, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

$ 5,100,000

$ 5,100,000

(Virtua Health Proj.):

Series 2009 B, 0.01% 3/3/14, LOC JPMorgan Chase Bank, VRDN (a)

6,580,000

6,580,000

Series 2009 D, 0.02% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

1,500,000

1,500,000

Series 2013 B, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (a)

7,500,000

7,500,000

New Jersey Hsg. & Mtg. Fin. Agcy. Multi-family Rev. Series 2008 B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (a)

9,300,000

9,300,000

New Jersey Tpk. Auth. Tpk. Rev. Series 2009 A, 0.04% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

16,300,000

16,300,000

New Jersey Trans. Trust Fund Auth.:

Series 2009 C, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (a)

18,890,000

18,890,000

Series 2009 D, 0.03% 3/7/14, LOC Wells Fargo Bank NA, VRDN (a)

12,600,000

12,600,000

Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.) Series 2003 B1, 0.18% 3/7/14, VRDN (a)

2,000,000

2,000,000

 

173,185,000

Pennsylvania, New Jersey - 9.7%

Delaware River Port Auth. Pennsylvania & New Jersey Rev.:

Series 2008 A, 0.03% 3/7/14, LOC Bank of America NA, VRDN (a)

3,300,000

3,300,000

Series 2008 B, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

8,800,000

8,800,000

Series 2010 A, 0.03% 3/7/14, LOC Royal Bank of Canada, VRDN (a)

7,100,000

7,100,000

Series 2010 B, 0.03% 3/7/14, LOC Barclays Bank PLC, VRDN (a)

16,600,000

16,600,000

Series 2010 C, 0.04% 3/7/14, LOC Bank of New York, New York, VRDN (a)

4,340,000

4,340,000

 

40,140,000

Variable Rate Demand Note - continued

Principal Amount

Value

New York - 0.2%

New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.27% 3/7/14, LOC RBS Citizens NA, VRDN (a)

$ 600,000

$ 600,000

New York Dorm. Auth. Revs. (College of New Rochelle Proj.) Series 2008, 0.13% 3/7/14, LOC RBS Citizens NA, VRDN (a)

300,000

300,000

 

900,000

New York And New Jersey - 9.8%

Port Auth. of New York & New Jersey:

Participating VRDN:

Series MS 3264, 0.05% 3/7/14 (Liquidity Facility Morgan Stanley Bank, West Valley City Utah) (a)(c)

7,650,000

7,650,000

Series Putters 1546, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (a)(c)

8,385,000

8,385,000

Series ROC II R 664, 0.04% 3/7/14 (Liquidity Facility Citibank NA) (a)(c)

4,885,000

4,885,000

Series 1992 2, 0.08% 3/31/14, VRDN (a)(d)

6,900,000

6,900,000

Series 1997 1, 0.08% 3/31/14, VRDN (a)(d)

8,900,000

8,900,000

Series 1997 2, 0.08% 3/31/14, VRDN (a)(d)

3,900,000

3,900,000

 

40,620,000

North Carolina - 0.3%

North Carolina Cap. Facilities Fin. Agcy. Edl. Facilities Rev. (Campbell Univ. Proj.) Series 2009, 0.03% 3/7/14, LOC Branch Banking & Trust Co., VRDN (a)

880,000

880,000

Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.07% 3/7/14, LOC Cr. Industriel et Commercial, VRDN (a)

600,000

600,000

 

1,480,000

Ohio - 0.4%

Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.) Series A, 0.24% 3/7/14, VRDN (a)

1,800,000

1,800,000

Tennessee - 0.3%

Clarksville Pub. Bldg. Auth. Rev. (Tennessee Muni. Bond Fund Proj.) Series 2003, 0.07% 3/3/14, LOC Bank of America NA, VRDN (a)

1,215,000

1,215,000

Variable Rate Demand Note - continued

Principal Amount

Value

Texas - 1.0%

Northside Independent School District Participating VRDN Series ROC II R 11965, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (a)(c)

$ 2,000,000

$ 2,000,000

Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.) Series 2010 C, 0.28% 3/3/14, VRDN (a)

2,000,000

2,000,000

 

4,000,000

Wyoming - 0.1%

Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.22% 3/7/14, VRDN (a)

300,000

300,000

TOTAL VARIABLE RATE DEMAND NOTE

(Cost $269,615,000)


269,615,000

Other Municipal Debt - 24.4%

 

 

 

 

Massachusetts - 0.5%

Massachusetts Indl. Fin. Agcy. Poll. Cont. Rev. Bonds (New England Pwr. Co. Proj.):

Series 1992, 0.28% tender 4/9/14, CP mode

800,000

800,000

Series 1993 B, 0.35% tender 3/27/14, CP mode

1,200,000

1,200,000

 

2,000,000

New Jersey - 21.3%

Belmar Gen. Oblig. BAN 1.25% 3/14/14

2,320,000

2,320,477

Burlington County Gen. Oblig.:

BAN Series 2013 B, 0.75% 5/21/14

2,700,000

2,703,669

Bonds Series 2013 A, 2% 5/15/14

1,472,000

1,477,310

Chester Township Gen. Oblig. BAN 1% 2/20/15

600,000

604,377

Clark Township Gen. Oblig. BAN 1% 3/21/14

1,700,000

1,700,630

Clinton Township BAN 1.25% 1/29/15

1,005,000

1,012,990

Denville Township BAN 1.25% 10/16/14

1,081,480

1,087,770

Edgewater Gen. Oblig. BAN 1.25% 7/25/14

3,200,000

3,211,090

Englewood Gen. Oblig. BAN Series 2013 A, 1.25% 5/2/14

4,900,684

4,906,978

Essex County Gen. Oblig. BAN Series 2013 A, 1% 9/24/14

10,780,000

10,830,024

Essex County Impt. Auth. Rev. Bonds (Rfdg. Proj.) Series 2013, 2% 12/15/14

1,700,000

1,724,579

Fair Lawn Gen. Oblig. BAN 1.25% 9/19/14

1,500,000

1,507,944

Florham Park Gen. Oblig. BAN 1.25% 10/23/14

1,334,000

1,342,427

Hoboken Gen. Oblig. BAN 1% 7/1/14

420,000

420,450

Hopatcong Borough Gen. Oblig. BAN 1.25% 8/1/14

2,271,000

2,280,396

Hopewell Township Gen. Oblig. BAN 1% 4/11/14

4,600,000

4,604,230

Other Municipal Debt - continued

Principal Amount

Value

New Jersey - continued

Mahwah Township Gen. Oblig. BAN:

1.25% 8/8/14

$ 1,200,000

$ 1,205,350

1.25% 10/10/14

1,000,000

1,006,152

Middlesex County Gen. Oblig. BAN 1% 6/6/14

5,600,000

5,612,322

Millburn Township Gen. Oblig. BAN:

1% 6/19/14

1,300,000

1,302,065

1.25% 2/6/15

840,000

846,819

Monmouth County Impt. Auth. Rev. BAN Series 2013, 2% 12/4/14 (Monmouth County N J Guaranteed)

1,600,000

1,621,886

New Jersey Econ. Dev. Auth. School Facilities Construction Rev. Bonds:

Series 2004:

5.75% 6/15/14 (Pre-Refunded to 6/15/14 @ 100)

1,000,000

1,016,216

5.75% 6/15/14 (Pre-Refunded to 6/15/14 @ 100)

2,935,000

2,982,880

Series 2005 K, 5.25% 12/15/14

3,010,000

3,129,816

New Jersey Trans. Trust Fund Auth. Bonds Series 2004 B, 5.25% 12/15/14

1,225,000

1,273,555

North Brunswick Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/5/14

5,200,000

5,223,886

Parsippany Troy Hills Township Gen. Oblig. BAN Series 2013, 1.25% 10/1/14

4,600,000

4,628,239

Passaic County Gen. Oblig. BAN Series 2013 A, 1.25% 12/19/14

4,200,000

4,234,615

Randolph Township Gen. Oblig. BAN 1.25% 3/26/14

1,400,000

1,400,889

Robbinsville Township Gen. Oblig. BAN Series 2013 A, 1.25% 8/4/14

2,700,000

2,711,502

Rutgers State Univ. Rev. Bonds Series 2013 J, 1% 5/1/14

2,000,000

2,002,737

South River Borough Gen. Oblig. BAN 1.25% 12/17/14

2,296,000

2,309,840

Springfield Township Gen. Oblig. BAN:

1.25% 7/24/14

1,400,000

1,405,322

1.25% 8/8/14

1,500,000

1,505,829

Watchung Gen. Oblig. BAN 1.25% 2/27/15

800,000

807,451

 

87,962,712

New York And New Jersey - 2.6%

Port Auth. of New York & New Jersey:

Series 2013 B:

0.1% 3/19/14, CP

500,000

500,000

0.12% 3/4/14, CP

1,216,000

1,216,000

Series 2014 B, 0.09% 6/16/14, CP

7,044,000

7,044,000

Other Municipal Debt - continued

Principal Amount

Value

New York And New Jersey - continued

Port Auth. of New York & New Jersey: - continued

Series B, 0.08% 4/2/14, CP

$ 1,206,000

$ 1,206,000

0.1% 3/17/14, CP

650,000

650,000

 

10,616,000

TOTAL OTHER MUNICIPAL DEBT

(Cost $100,578,712)


100,578,712

Investment Company - 9.9%

 

 

 

 

Fidelity Tax-Free Cash Central Fund, 0.03% (b)

(Cost $40,744,000)

40,744,000


40,744,000

TOTAL INVESTMENT PORTFOLIO - 99.6%

(Cost $410,937,712)

410,937,712

NET OTHER ASSETS (LIABILITIES) - 0.4%

1,566,153

NET ASSETS - 100%

$ 412,503,865

Security Type Abbreviations

BAN

-

BOND ANTICIPATION NOTE

CP

-

COMMERCIAL PAPER

VRDN

-

VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

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

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

(d) 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 $19,700,000 or 4.8% of net assets.

Additional information on each restricted holding is as follows:

Security

Acquisition Date

Cost

Port Auth. of New York & New Jersey Series 1992 2, 0.08% 3/31/14, VRDN

2/14/92

$ 6,900,000

Port Auth. of New York & New Jersey Series 1997 1, 0.08% 3/31/14, VRDN

8/9/02

$ 8,900,000

Port Auth. of New York & New Jersey Series 1997 2, 0.08% 3/31/14, VRDN

9/15/97

$ 3,900,000

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Tax-Free Cash Central Fund

$ 3,959

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 February 28, 2014, the cost of investment securities for income tax purposes was $410,937,712.

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. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

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 ® Connecticut Municipal Money Market Fund

February 28, 2014

1.814096.109
CTM-QTLY-0414

Investments February 28, 2014 (Unaudited)

Showing Percentage of Net Assets

Variable Rate Demand Note - 52.4%

Principal Amount

Value

Alabama - 0.0%

Decatur Indl. Dev. Board Exempt Facilities Rev. (Nucor Steel Decatur LLC Proj.) Series 2003 A, 0.34% 3/7/14, VRDN (a)(c)

$ 1,100,000

$ 1,100,000

Connecticut - 43.0%

Austin Trust Various States Participating VRDN Series BA 08 1086, 0.08% 3/7/14 (Liquidity Facility Bank of America NA) (a)(d)

2,000,000

2,000,000

Connecticut Dev. Auth. Arpt. Facility Rev. (Embraer Aircraft Holding, Inc. Proj.) Series 2010 A, 0.03% 3/7/14, LOC Citibank NA, VRDN (a)

11,045,000

11,045,000

Connecticut Dev. Auth. Wtr. Facilities Rev. (Connecticut Wtr. Co. Proj.):

Series 2004 A, 0.36% 3/7/14, LOC RBS Citizens NA, VRDN (a)(c)

5,000,000

5,000,000

Series 2004 B, 0.31% 3/7/14, LOC RBS Citizens NA, VRDN (a)

4,550,000

4,550,000

Connecticut Gen. Oblig.:

Participating VRDN:

Series MT 842, 0.03% 3/7/14 (Liquidity Facility Bank of America NA) (a)(d)

6,615,000

6,615,000

Series Putters 3996, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (a)(d)

10,000,000

10,000,000

Series Putters 4382, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (a)(d)

6,630,000

6,630,000

Series B, 0.02% 3/7/14 (Liquidity Facility Bayerische Landesbank Girozentrale), VRDN (a)

3,250,000

3,250,000

Connecticut Health & Edl. Facilities Auth. Rev.:

(Choate Rosemary Hall Proj.) Series D, 0.05% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

2,050,000

2,050,000

(Eastern Connecticut Health Network Proj.) Series 2010 E, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

13,980,000

13,980,000

(Gaylord Hosp. Proj.) Series B, 0.09% 3/7/14, LOC Bank of America NA, VRDN (a)

15,970,000

15,970,000

(Greenwich Hosp. Proj.) Series C, 0.04% 3/7/14, LOC Bank of America NA, VRDN (a)

33,235,000

33,235,000

(Griffin Hosp. Proj.) Series C, 0.02% 3/7/14, LOC Wells Fargo Bank NA, VRDN (a)

19,825,000

19,825,000

(Hamden Hall Country Day School Proj.) Series A, 0.17% 3/7/14, LOC RBS Citizens NA, VRDN (a)

17,035,000

17,035,000

(Hosp. for Spl. Care Proj.) Series E, 0.03% 3/7/14, LOC Fed. Home Ln. Bank of Boston, VRDN (a)

5,850,000

5,850,000

(Masonicare Corp. Proj.) Series C, 0.05% 3/7/14, LOC Manufacturers & Traders Trust Co., VRDN (a)

71,965,000

71,965,000

Variable Rate Demand Note - continued

Principal Amount

Value

Connecticut - continued

Connecticut Health & Edl. Facilities Auth. Rev.: - continued

(Ridgefield Academy Proj.) Series A, 0.05% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

$ 10,200,000

$ 10,200,000

(Sacred Heart Univ. Proj.) Series F, 0.06% 3/7/14, LOC Bank of America NA, VRDN (a)

18,605,000

18,605,000

(Trinity College Proj.) Series L, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

10,145,000

10,145,000

(Wesleyan Univ. Proj.) Series H, 0.03% 3/7/14, VRDN (a)

5,705,000

5,705,000

(Yale Univ. Proj.):

Series T2, 0.02% 3/7/14, VRDN (a)

6,300,000

6,300,000

Series U1, 0.02% 3/7/14, VRDN (a)

33,040,000

33,040,000

Series U2, 0.02% 3/7/14, VRDN (a)

10,560,000

10,560,000

Series V1, 0.02% 3/3/14, VRDN (a)

5,865,000

5,865,000

Series V2, 0.01% 3/3/14, VRDN (a)

5,445,000

5,445,000

Series X2, 0.02% 3/7/14, VRDN (a)

25,015,000

25,015,000

Series Y3, 0.02% 3/3/14, VRDN (a)

2,250,000

2,250,000

(Yale-New Haven Hosp. Proj.):

Series K1, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

21,280,000

21,280,000

Series K2, 0.03% 3/7/14, LOC JPMorgan Chase Bank, VRDN (a)

8,450,000

8,450,000

Series L1, 0.04% 3/7/14, LOC Bank of America NA, VRDN (a)

46,850,000

46,850,000

Series L2, 0.04% 3/7/14, LOC Bank of America NA, VRDN (a)

40,730,000

40,730,000

Participating VRDN:

Series BA 08 1080, 0.05% 3/7/14 (Liquidity Facility Bank of America NA) (a)(d)

13,114,000

13,114,000

Series BBT 08 17, 0.03% 3/7/14 (Liquidity Facility Branch Banking & Trust Co.) (a)(d)

10,095,000

10,095,000

Series BBT 08 32, 0.03% 3/7/14 (Liquidity Facility Branch Banking & Trust Co.) (a)(d)

14,260,000

14,260,000

Series EGL 7 05 3031, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (a)(d)

51,400,000

51,400,000

Series MS 06 1884, 0.03% 3/7/14 (Liquidity Facility Wells Fargo & Co.) (a)(d)

2,670,000

2,670,000

Series Putters 2862, 0.03% 3/3/14 (Liquidity Facility JPMorgan Chase Bank) (a)(d)

2,500,000

2,500,000

Series Putters 3363, 0.04% 3/7/14 (Liquidity Facility JPMorgan Chase Bank) (a)(d)

5,630,000

5,630,000

Series ROC II R 11854, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (a)(d)

12,910,000

12,910,000

Variable Rate Demand Note - continued

Principal Amount

Value

Connecticut - continued

Connecticut Health & Edl. Facilities Auth. Rev.: - continued

Participating VRDN: - continued

Series Solar 07 27, 0.03% 3/7/14 (Liquidity Facility U.S. Bank NA, Cincinnati) (a)(d)

$ 25,410,000

$ 25,410,000

Series 2007 B, 0.05% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

12,160,000

12,160,000

Series 2007 D, 0.09% 3/7/14, LOC Bank of America NA, VRDN (a)

10,470,000

10,470,000

Series 2011 B, 0.05% 3/7/14, LOC Bank of America NA, VRDN (a)

51,090,000

51,090,000

Series 2013 H, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

6,000,000

6,000,000

Series 2013 O, 0.04% 3/7/14, LOC Wells Fargo Bank NA, VRDN (a)

50,000,000

50,000,000

Connecticut Hsg. Fin. Auth. (CIL Realty, Inc. Proj.):

Series 2008, 0.02% 3/7/14, LOC HSBC Bank U.S.A., NA, VRDN (a)

10,375,000

10,375,000

Series 2010, 0.03% 3/7/14, LOC HSBC Bank U.S.A., NA, VRDN (a)

3,900,000

3,900,000

Connecticut Innovations, Inc. Rev. (ISO New England, Inc. Proj.) Series 2012, 0.03% 3/7/14, LOC TD Banknorth, NA, VRDN (a)

13,200,000

13,200,000

Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Participating VRDN:

Series MS 3347, 0.03% 3/7/14 (Liquidity Facility Cr. Suisse AG) (a)(d)

2,500,000

2,500,000

Series ROC II R 14073, 0.03% 3/7/14 (Liquidity Facility Citibank NA) (a)(d)

8,000,000

8,000,000

Stamford Hsg. Auth. Multi-family Rev. (Fairfield Apts. Proj.) Series 2010, 0.03% 3/7/14, LOC Freddie Mac, VRDN (a)(c)

31,295,000

31,295,000

 

816,419,000

Louisiana - 0.2%

Saint James Parish Gen. Oblig. (Nucor Steel Louisiana LLC Proj.):

Series 2010 A1, 0.31% 3/7/14, VRDN (a)

500,000

500,000

Series 2010 B1, 0.3% 3/7/14, VRDN (a)

2,800,000

2,800,000

 

3,300,000

Nebraska - 0.0%

Stanton County Indl. Dev. Rev. (Nucor Corp. Proj.) Series 1996, 0.34% 3/7/14, VRDN (a)(c)

1,100,000

1,100,000

Variable Rate Demand Note - continued

Principal Amount

Value

Nevada - 0.0%

Clark County Arpt. Rev. Series 2008 C3, 0.14% 3/7/14, LOC Landesbank Baden-Wurttemberg, VRDN (a)(c)

$ 800,000

$ 800,000

New Jersey - 0.1%

Salem County Poll. Cont. Fin. Auth. Rev. (Pub. Svc. Elec. and Gas Co. Proj.):

Series 2003 B1, 0.18% 3/7/14, VRDN (a)

300,000

300,000

Series 2012 A, 0.2% 3/7/14, VRDN (a)(c)

1,100,000

1,100,000

 

1,400,000

New York - 0.3%

Dutchess County Indl. Dev. Agcy. Civic Facility Rev. (Lutheran Ctr. at Poughkeepsie, Inc. Proj.) 0.12% 3/7/14, LOC KeyBank NA, VRDN (a)

2,200,000

2,200,000

New York City Hsg. Dev. Corp. Multi-family Mtg. Rev. (Beekman Tower Proj.) Series 2008 A, 0.27% 3/7/14, LOC RBS Citizens NA, VRDN (a)

2,700,000

2,700,000

 

4,900,000

North Carolina - 0.1%

Parson County Indl. Facilities and Poll. Cont. Fing. Auth. (CertainTeed Gypsum NC, Inc. Proj.) Series 2010, 0.07% 3/7/14, LOC Cr. Industriel et Commercial, VRDN (a)

1,700,000

1,700,000

Ohio - 0.2%

Ohio Air Quality Dev. Auth. Rev. (Cincinnati Gas & Elec. Co. Proj.) Series B, 0.14% 3/7/14, VRDN (a)

4,200,000

4,200,000

Puerto Rico - 8.2%

Puerto Rico Commonwealth Hwy. & Trans. Auth. Trans. Rev. Series 1998 A, 0.1% 3/7/14, LOC Bank of Nova Scotia, VRDN (a)

69,050,000

69,050,000

Puerto Rico Commonwealth Pub. Impt. Gen. Oblig. Series 2003 C5-2, 0.07% 3/7/14, LOC Barclays Bank PLC, VRDN (a)

83,770,000

83,770,000

RBC Muni. Products, Inc. Trust Participating VRDN Series RBC E 46, 0.14% 3/7/14 (Liquidity Facility Royal Bank of Canada) (a)(d)

2,400,000

2,400,000

 

155,220,000

Texas - 0.2%

Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.):

Series 2001 A, 0.28% 3/3/14, VRDN (a)

400,000

400,000

Series 2004, 0.45% 3/7/14, VRDN (a)(c)

100,000

100,000

Variable Rate Demand Note - continued

Principal Amount

Value

Texas - continued

Port Arthur Navigation District Envir. Facilities Rev. (Motiva Enterprises LLC Proj.): - continued

Series 2009 A, 0.28% 3/3/14, VRDN (a)

$ 1,400,000

$ 1,400,000

Series 2010 C, 0.28% 3/3/14, VRDN (a)

1,320,000

1,320,000

 

3,220,000

Wyoming - 0.1%

Converse County Envir. Impt. Rev. Series 1995, 0.22% 3/7/14, VRDN (a)(c)

1,200,000

1,200,000

Sweetwater County Poll. Cont. Rev. (PacifiCorp Proj.) Series 1984, 0.22% 3/7/14, VRDN (a)

400,000

400,000

 

1,600,000

TOTAL VARIABLE RATE DEMAND NOTE

(Cost $994,959,000)


994,959,000

Other Municipal Debt - 31.4%

 

 

 

 

Connecticut - 31.2%

Berlin Gen. Oblig. BAN 1% 5/23/14

9,259,000

9,276,331

Bethel Gen. Oblig. BAN 1% 5/14/14

8,765,000

8,779,212

Bloomfield Gen. Oblig. BAN 1.25% 10/31/14

5,000,000

5,035,092

Branford Gen. Oblig. BAN 1% 8/14/14

2,535,000

2,544,202

Brookfield Gen. Oblig. BAN Series 2013, 1.25% 11/20/14

4,630,000

4,665,427

Connecticut Dev. Auth. Poll. Cont. Rev. Bonds Series 1999, 0.3% tender 3/5/14, CP mode

9,350,000

9,350,000

Connecticut Gen. Oblig. Bonds:

(Econ. Recovery Proj.) Series 2009 A, 5% 1/1/15

12,750,000

13,267,237

Series 2001 C, 5.5% 12/15/14

7,000,000

7,295,437

Series 2004 A, 5% 3/1/14

1,300,000

1,300,000

Series 2004 B, 5% 6/1/14

7,790,000

7,886,182

Series 2004 C, 5% 4/1/14

4,885,000

4,905,043

Series 2007 B, 5% 5/1/14

600,000

604,846

Series 2007 C:

0.26% 9/15/14 (a)

250,000

250,098

5% 6/1/14

2,500,000

2,530,386

Series 2007 E, 5% 3/15/14

3,315,000

3,321,117

Series 2008 A, 3.5% 4/15/14

1,605,000

1,611,575

Series 2009 B, 5% 3/1/14

2,000,000

2,000,000

Series 2010 C, 5% 12/1/14

8,750,000

9,069,575

Series 2011 A, 0.33% 5/15/14 (a)

4,000,000

4,002,222

Series 2012 A, 0.25% 4/15/14 (a)

22,000,000

22,005,647

Other Municipal Debt - continued

Principal Amount

Value

Connecticut - continued

Connecticut Gen. Oblig. Bonds: - continued

Series 2012 F, 4% 9/15/14

$ 7,705,000

$ 7,863,653

Series 2013 A, 0.02% 3/1/14 (a)

20,000,000

20,000,000

Series 2013 C, 2% 7/15/14

10,000,000

10,067,841

Series 2013 D, 0.12% 8/15/14 (a)

2,500,000

2,500,000

Series 2013 E, 1% 8/15/14

5,000,000

5,018,484

Series WF 11 89C, 0.17%, tender 5/29/14 (Liquidity Facility Wells Fargo Bank NA) (a)(d)(e)

23,100,000

23,100,000

Connecticut Health & Edl. Facilities Auth. Rev. Bonds:

(Yale Univ. Proj.):

Series S1, 0.05% tender 3/12/14, CP mode

15,000,000

15,000,000

Series S2:

0.06% tender 3/27/14, CP mode

38,000,000

38,000,000

0.06% tender 4/3/14, CP mode

13,640,000

13,640,000

Series 2010 A4, 5%, tender 2/12/15 (a)

1,000,000

1,045,971

Series 2013 N, 5% 11/1/14

2,350,000

2,424,924

Series Floaters 13 TP, 0.2%, tender 6/12/14 (Liquidity Facility Wells Fargo & Co.) (a)(d)(e)

29,200,000

29,200,000

Connecticut Hsg. Fin. Auth. Bonds Series 2012 D1, 0.75% 5/15/14

650,000

650,683

Connecticut Spl. Tax Oblig. Trans. Infrastructure Rev. Bonds:

Series 2009 A, 5% 12/1/14

3,750,000

3,885,730

Series 2011 A, 5% 12/1/14

135,000

139,740

Series 2011 B, 5% 12/1/14

8,935,000

9,261,913

Series 2013 A, 2% 10/1/14

18,570,000

18,768,066

Danbury Gen. Oblig. BAN 1.5% 7/25/14

10,000,000

10,052,801

East Lyme Gen. Oblig. BAN 1% 7/24/14

5,120,000

5,136,235

Easton Gen. Oblig. BAN 1.25% 7/2/14

7,372,000

7,397,758

Fairfield Gen. Oblig.:

BAN 1.25% 7/18/14

15,000,000

15,061,691

Bonds 3.375% 7/15/14

1,090,000

1,102,872

Greenwich Gen. Oblig. BAN 1% 1/22/15

65,000,000

65,505,682

Guilford Gen. Oblig. BAN 1% 8/12/14

10,000,000

10,037,727

Hartford County Metropolitan District Bonds Series 2013 A, 2% 4/1/14

1,000,000

1,001,526

Hartford County Metropolitan District Gen. Oblig.:

BAN:

1.25% 3/25/14

15,500,000

15,511,559

1.25% 3/25/14

18,800,000

18,814,019

Bonds Series 2010, 3% 4/1/14

1,080,000

1,082,619

Lyme and Old Lyme Reg'l. School District #18 Gen. Oblig. BAN 1.25% 1/7/15

7,825,000

7,896,431

Other Municipal Debt - continued

Principal Amount

Value

Connecticut - continued

Naugatuck Gen. Oblig. BAN 1% 3/18/14

$ 18,300,000

$ 18,306,908

New Milford Gen. Oblig. BAN 1.25% 7/24/14

11,935,000

11,985,158

Redding Gen. Oblig. BAN 1% 9/18/14

5,638,000

5,663,986

Rocky Hill Gen. Oblig. BAN Series 2013, 1% 5/15/14

4,100,000

4,106,578

Seymour Gen. Oblig. BAN 2% 7/31/14

2,785,000

2,805,410

Southington Gen. Oblig. BAN 1% 1/27/15

20,000,000

20,154,325

Stamford Gen. Oblig. Bonds:

Series 2009 B, 5% 7/1/14

1,590,000

1,615,320

Series 2013 C, 3% 7/1/14

5,000,000

5,047,742

Thomaston Gen. Oblig. BAN 1.5% 5/8/14

3,850,000

3,858,868

Trumbull Gen. Oblig. BAN 1.25% 9/5/14

9,521,000

9,572,338

Univ. of Connecticut Gen. Oblig. Bonds:

Series 2010 A, 5% 2/15/15

1,200,000

1,255,765

Series 2013 A, 2% 8/15/14

2,880,000

2,903,816

Watertown Gen. Oblig. BAN 1.5% 3/27/14

6,700,000

6,706,284

Windsor Locks Gen. Oblig. BAN 1.25% 7/1/14

3,000,000

3,010,533

Wolcott Gen. Oblig. BAN 1.25% 10/23/14

12,325,000

12,402,832

Woodbridge Gen. Oblig. BAN 1.25% 7/24/14

5,655,000

5,678,131

 

593,941,548

Kentucky - 0.2%

Trimble County Poll. Cont. Rev. Bonds (Louisville Gas & Elec. Proj.) Series 2001 B, 0.25% tender 3/5/14, CP mode (c)

2,800,000

2,800,000

TOTAL OTHER MUNICIPAL DEBT

(Cost $596,741,548)


596,741,548

Investment Company - 16.7%

Shares

 

Fidelity Municipal Cash Central Fund, 0.04% (b)(f)

(Cost $317,634,997)

317,634,997


317,634,997

TOTAL INVESTMENT PORTFOLIO - 100.5%

(Cost $1,909,335,545)

1,909,335,545

NET OTHER ASSETS (LIABILITIES) - (0.5)%

(10,064,552)

NET ASSETS - 100%

$ 1,899,270,993

Security Type Abbreviations

BAN

-

BOND ANTICIPATION NOTE

CP

-

COMMERCIAL PAPER

VRDN

-

VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly)

Legend

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

(b) Affiliated fund that is available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

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

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

(e) 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 $52,300,000 or 2.8% of net assets.

Additional information on each restricted holding is as follows:

Security

Acquisition Date

Cost

Connecticut Gen. Oblig. Bonds Series WF 11 89C, 0.17%, tender 5/29/14 (Liquidity Facility Wells Fargo Bank NA)

8/4/11 - 7/5/12

$ 23,100,000

Connecticut Health & Edl. Facilities Auth. Rev. Bonds Series Floaters 13 TP, 0.2%, tender 6/12/14 (Liquidity Facility Wells Fargo & Co.)

4/2/08 - 9/5/12

$ 29,200,000

(f) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Municipal Cash Central Fund.

Affiliated Central Funds

Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:

Fund

Income earned

Fidelity Municipal Cash Central Fund

$ 28,351

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 February 28, 2014, the cost of investment securities for income tax purposes was $1,909,335,545.

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. The amortized cost of an instrument is determined by valuing it at its original cost and thereafter amortizing any discount or premium from its face value at a constant rate until maturity. Securities held by a money market fund are generally high quality and liquid; however, they are reflected as Level 2 because the inputs used to determine fair value are not quoted prices in an active market.

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 Court Street Trust II'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 Court Street Trust II

By:

/s/Stephanie J. Dorsey

 

Stephanie J. Dorsey

 

President and Treasurer

 

 

Date:

April 29, 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:

April 29, 2014

By:

/s/Christine Reynolds

 

Christine Reynolds

 

Chief Financial Officer

 

 

Date:

April 29, 2014