Fidelity VIP Investor Freedom 2020

  • Trading Symbol: FTEMT

Morningstar® Snapshot*

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

*Data provided by Morningstar.


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AS OF 9/30/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
FTEMT -0.78% -2.55% +5.65% +6.76% +4.91%
*AS OF 10/7/2015; Value is cumulative

Hypothetical Growth of $10,000

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Shows growth of hypothetical $10,000 investment in Fidelity VIP Investor Freedom 2020 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund -- 11.55% 9.92% -32.80% 28.43% 14.18% -1.36% 13.01% 15.67% 4.49% -3.69%
Benchmark 4.91% 15.79% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69% -5.29%
Benchmark-2 6.11% 13.96% 6.62% -27.80% 23.96% 12.08% 1.71% 11.14% 15.25% 6.53% -3.40%
Category -- 10.17% 8.06% -31.57% 22.24% 12.10% -2.24% 10.42% 13.06% 3.13% -4.54%
+/- Benchmark -- -4.24% 4.43% 4.20% 1.97% -0.88% -3.47% -2.99% -16.72% -9.20% 1.60%
+/- Benchmark-2 -- -2.41% 3.30% -5.00% 4.47% 2.10% -3.07% 1.87% 0.42% -2.04% -0.29%
+/- Category -- 1.38% 1.86% -1.23% 6.19% 2.08% 0.88% 2.59% 2.61% 1.36% 0.85%

Fund Manager(s)

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

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

Fund Overview


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


Designed for investors who anticipate retiring in or within a few years of the fund s target retirement year, at or around age 65 and plan to gradually withdraw the value of their account in the fund over time. Investing in a combination of underlying Fidelity Variable Insurance Products domestic equity funds, international equity funds, bond funds, and short-term funds. Allocating assets among underlying Fidelity funds according to a neutral asset allocation strategy that becomes increasingly conservative until it reaches an allocation similar to that of the VIP Freedom Income Portfolio - approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds (approximately 10 to 19 years after the target year). Ultimately, the fund will merge with the VIP Freedom Income Portfolio. Through an active asset allocation strategy, the Adviser may increase or decrease neutral asset class exposures by up to 10 percentage points for Equity (includes domestic and international equity funds), Bond and Short Term Funds to reflect the Adviser s market outlook, which is primarily focused on the intermediate term. The Adviser may continue to seek high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.


The investment risk of each VIP Freedom Portfolio changes over time as its asset allocation changes. These risks are subject to the asset allocation decisions of the Investment Adviser. Pursuant to the Adviser s ability to use an active asset allocatiostrategy, investors may be subject to a different risk profile compared to the fund s neutral asset allocation strategy shown in its glide path. The funds are subject to the volatility of the financial markets, including that of equity and fixed incomeinvestments 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. No target date fund is considered a complete retirement program and there is no guarantee any single fund will provide sufficient retirement income at or through retirement. Principal invested is not guaranteed at any time, including at or after the funds' target dates.


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Morningstar Category
Target Date 2016-2020
Subaccount Inception
Unit Value
Turnover Rate
Net Assets ($M)
12 Month Low-High
$16.07 - $17.74

Quarter-End Average Annual Total Returns

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AS OF 9/30/2015; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

0.66% AS OF 4/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Investor Freedom 2020 -2.55% 5.65% 6.76% 4.91% 4.92%
S&P 500 -0.61% 12.40% 13.34% 6.80% --
FID FF 2020 Comp Idx -1.39% 6.25% 7.24% 5.24% --
Target Date 2016-2020 -3.74% 3.96% 4.96% 3.80% --

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