PIMCO VIT Low Duration

  • Trading Symbol: FPMBC
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Morningstar® Snapshot*

AS OF 7/31/2014; 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

*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 7/31/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FPMBC +0.99% +1.66% +1.56% -- +2.66%
*AS OF 8/29/2014; Value is cumulative
SUBACCOUNT INCEPTION 9/30/2009

Hypothetical Growth of $10,000

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AS OF 07/31/2014; 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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William H. Gross since 2/16/1999

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
$11.43
8/29/2014
4/30/2014
Turnover Rate
316%
12/31/2013
Net Assets ($M)
$233.59
7/31/2014
12 Month Low-High
$11.11 - $11.45
8/31/2014

Top 10 Holdings

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AS OF 3/31/2014
Fin Fut Euro$ Cme 12/14/15 63.00%
Irs Usd 1.500 03/18/15-1y (Red) Cme 15.78%
Fin Fut Euro$ Cme 06/15/15 6.75%
US Treasury Note 0.625% 4.08%
FNMA 3.88%
US Treasury TIP 3.47%
Irs Usd 3.500 12/18/13-30y Cme 3.16%
Cdx Hy22 5y Bp Ice 3.11%
Irs Usd 3.000 12/18/13-10y Cme 3.10%
Fin Fut Euro$ Cme 03/14/16 3.05%
% of Total Portfolio 109.37%
Total # of holdings: 864 as of 3/31/2014

Quarter-End Average Annual Total Returns

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AS OF 6/30/2014; *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 2.45% 1.79% -- -- 2.82%

© 2012 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.