Fidelity VIP Freedom Lifetime Income II

  • Trading Symbol: FNNGT
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Morningstar® Snapshot*

AS OF 11/30/2014; MORNINGSTAR CATEGORY: TARGET DATE 2026-2030
Returns 3 out of 5, Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar. Please click on the indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 11/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FNNGT +4.21% +6.14% +9.51% +8.21% +5.41%
*AS OF 12/18/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Fund Manager(s)

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Brett Sumsion since 1/21/2014 Andrew Dierdorf since 6/21/2011

Strategic Advisers®, Inc., a registered investment adviser and a subsidiary of FMR LLC, serves as the investment manager

Fund Overview

Objective

Seeks high total return with a secondary objective of principal preservation as the fund approaches its ultimate target asset allocation and beyond.

Strategy

Investing in a combination of underlying Fidelity VIP equity, fixed-income, and short-term funds using a moderate asset allocation strategy designed generally for investors in retirement who were born between 1940 and 1949. Allocating assets among underlying Fidelity funds according to an asset allocation strategy that becomes increasingly conservative until it reaches an ultimate target allocation of approximately 15% in domestic equity funds, 5% in international equity funds, 65% in bond funds, and 15% in short-term funds (approximately between 2025 and 2030).

Risk

The investment risks of each VIP Freedom Portfolio changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap, commodity-linked and foreign securities. Principal invested is not guaranteed at any time, including at or after their target dates.

Details

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Morningstar Category
Target Date 2026-2030
Subaccount Inception
8/15/2005
4/30/2014
Turnover Rate
15%
6/30/2014
Net Assets ($M)
$28.69
11/30/2014

Quarter-End Average Annual Total Returns

 1, 2, 3 More Information
AS OF 9/30/2014; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.60% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Freedom Lifetime Income II 7.27% 10.34% 8.11% -- 5.29%
Barclays U.S. Agg Bond 3.96% 2.43% 4.12% 4.62% --
VIP Freedom Life Inc II 8.13% 10.43% 8.37% -- --
Target Date 2026-2030 8.35% 12.13% 8.49% -- --

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