PIMCO VIT Low Duration

  • Trading Symbol: FPMBC
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Morningstar® Snapshot*

AS OF 3/31/2015; MORNINGSTAR CATEGORY: SHORT-TERM BOND
Returns 5 out of 5, High Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:2, 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 3/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FPMBC +1.09% +0.92% +1.64% +2.06% +2.47%
*AS OF 4/20/2015; Value is cumulative
SUBACCOUNT INCEPTION 9/30/2009

Hypothetical Growth of $10,000

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AS OF 03/31/2015; MORNINGSTAR CATEGORY: SHORT-TERM BOND
Shows growth of hypothetical $10,000 investment in PIMCO VIT Low Duration 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Scott A. Mather since 9/26/2014 Jerome M. Schneider since 9/26/2014

Fund Overview

Objective

The investment seeks maximum total return, consistent with preservation of capital and prudent investment management.

Strategy

The Portfolio invests at least 65% of its total assets in a diversified portfolio of Fixed Income Instruments of varying maturities, which may be represented by forwards or derivatives such as options, futures contracts, or swap agreements. It invests primarily in investment grade debt securities, but may invest up to 10% of its total assets in high yield securities ("junk bonds") rated B or higher. The Portfolio may invest up to 10% of its total assets in securities and instruments that are economically tied to emerging market countries.

Details

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Morningstar Category
Short-Term Bond
Subaccount Inception
9/30/2009
Unit Value
$11.51
4/20/2015
4/30/2014
Turnover Rate
208%
12/31/2014
Net Assets ($M)
$219.09
3/31/2015
12 Month Low-High
$11.35 - $11.48
3/31/2015

Fixed Income
Characteristics

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Top 10 Holdings

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AS OF 12/31/2014
Fin Fut Euro$ Cme (Wht) 12/14/15 32.09%
Fin Fut Euro$ Cme (Wht) 06/15/15 21.16%
Fin Fut Euro$ Cme (Wht) 03/16/15 13.54%
5 Year US Treasury Note Future Mar15 10.14%
Fin Fut Euro$ Cme (Blu) 03/19/18 9.77%
Fin Fut Euro$ Cme (Blu) 06/18/18 9.77%
US Treasury TIP 8.07%
Irs Usd 1.650 10/16/14-5y Cme 8.07%
Fin Fut Uk 90day Ice (Wht) 09/16/15 7.74%
Irs Usd 1.700 10/16/14-5y Cme 7.55%
% of Total Portfolio 127.91%
Total # of holdings: 889 as of 12/31/2014

Quarter-End Average Annual Total Returns

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AS OF 3/31/2015; *SUBACCOUNT INCEPTION 9/30/2009 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.65% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
PIMCO VIT Low Duration 0.92% 1.64% 2.06% -- 2.47%
BofA ML 1-3 Yr US Treas 1.00% 0.67% 1.02% 2.62% --
Short-Term Bond -0.18% -0.01% 0.47% 1.45% --

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