PIMCO VIT Total Return

  • Trading Symbol: FPOBC

Morningstar® Snapshot*

Returns 5 out of 5, High Returns
Risk of this Category Category Risk Rating:3, where 1 is Lower and 10 is Higher

*Data provided by Morningstar.


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AS OF 4/30/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FPOBC +2.41% +1.07% +0.91% +2.86% +3.84%
*AS OF 4/29/2016; Value is cumulative

Hypothetical Growth of $10,000

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Shows growth of hypothetical $10,000 investment in PIMCO VIT Total Return 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund -- -- -- -- 7.84% 3.35% 9.32% -2.21% 4.02% 0.20% 2.41%
Benchmark 4.33% 6.97% 5.24% 5.93% 6.54% 7.84% 4.21% -2.02% 5.97% 0.55% 3.43%
+/- Benchmark -- -- -- -- 1.30% -4.49% 5.11% -0.19% -1.95% -0.35% -1.02%

Fund Manager(s)

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Mark R. Kiesel since 9/26/2014 Mihir P. Worah since 9/26/2014 Scott A. Mather since 9/26/2014

Fund Overview


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


The portfolio normally 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 junk bonds rated B or higher. The Portfolio will normally limit its foreign currency exposure (from non-U.S. dollar denominated securities or currencies) to 20% of its total assets.


In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available.


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Morningstar Category
Intermediate-Term Bond
Subaccount Inception
Unit Value
Turnover Rate
Net Assets ($M)
12 Month Low-High
$12.49 - $12.89

Top 10 Holdings

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AS OF 12/31/2015
Top 10 Holdings
Fin Fut Us 5yr Cbt 03/31/16 20.59%
Fin Fut Uk 90day Ice (Red) 03/15/17 14.79%
Irs Mxn 3.61000 12/21/15-0y* Cme 11.82%
Fin Fut Us 10yr Cbt 03/21/16 11.16%
Irs Usd 2.75000 12/16/15-30y Cme 9.49%
FNMA 4% TBA 02/11/2046 6.25%
Irs Gbp 1.50000 03/16/16-2y Cme 5.44%
Irs Usd 2.25000 12/16/15-7y Lch 5.31%
FNMA 5.14%
FNMA 4% TBA 01/13/2046 3.89%
% of Total Portfolio 93.88%
Total # of holdings: 1407 as of 12/31/2015

Quarter-End Average Annual Total Returns

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AS OF 3/31/2016; *SUBACCOUNT INCEPTION 9/30/2009 Glossary definition opens in new window.

0.65% AS OF 4/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life*
PIMCO VIT Total Return -0.01% 1.09% 3.07% -- 3.81%
Barclays U.S. Agg Bond 1.96% 2.50% 3.78% 4.90% --
Intermediate-Term Bond -0.47% 0.48% 2.12% 3.06% --

© 2015 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.