Fidelity VIP Asset Manager

  • Trading Symbol: FLRQC
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Morningstar® Snapshot*

AS OF 8/31/2014; MORNINGSTAR CATEGORY: MODERATE ALLOCATION
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:5, where 1 is Lower and 10 is Higher
LOWER HIGHER

*All data provided by Morningstar. Please click on each indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 9/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FLRQC +4.74% +10.06% +12.25% +9.08% +6.12%
*AS OF 9/30/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 09/30/2014; MORNINGSTAR CATEGORY: MODERATE ALLOCATION
Shows growth of hypothetical $10,000 investment in Fidelity VIP Asset Manager fund over the selected time period

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, and reflect the effects of the annual annuity charge and the underlying fund's expenses. Figures do not reflect the effects of any applicable redemption fees, maintenance charges, or surrender fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data featured represents past performance, which is no guarantee of future results. Investment returns and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received. Fund performance fluctuates and currently may be significantly higher or lower than stated.

Fund Manager(s)

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Geoff Stein since 6/1/2009 Robert Bertelson since 1/17/2006

Fund Overview

Objective

Seeks to obtain high total return with reduced risk over the long-term by allocating its assets among stocks, bonds, and short-term instruments.

Strategy

Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments, though FMR may overweight or underweight each asset class. Allocating the fund's assets among stocks, bonds, and short-term and money market instruments, either through direct investment or by investing in Fidelity central funds that hold such investments.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Leverage can increase market exposure and magnify investment risk

Details

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Morningstar Category
Moderate Allocation
Subaccount Inception
8/15/2005
Unit Value
$17.21
9/30/2014
4/30/2014
Turnover Rate
28%
6/30/2014
Net Assets ($M)
$111.89
8/31/2014
12 Month Low-High
$15.46 - $17.67
9/30/2014

Fixed Income
Characteristics

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Top 10 Holdings

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AS OF 6/30/2014
Top 10 Holdings
UST NOTES 1.25% 10/31/18
USTN 1.5% 01/31/19
APPLE INC
Fannie Mae 4% 30 Year
Fannie Mae 3% 30 Year
Fannie Mae 3.5% 30 Year
USTN 1.375% 07/31/18
USTN 2.25% 03/31/21
US T-NOTE 0.75% 2/28/2018
GILEAD SCIENCES INC
% of Total Portfolio 12.14%
Total # of holdings: 2246 as of 6/30/2014

Quarter-End Average Annual Total Returns

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AS OF 9/30/2014; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.71% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Asset Manager 10.06% 12.25% 9.08% -- 6.12%

© 2013 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.