Fidelity VIP Investor Freedom 2030

  • Trading Symbol: FXJLT
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Morningstar® Snapshot*

AS OF 6/30/2014; MORNINGSTAR CATEGORY: TARGET DATE 2026-2030
Returns 5 out of 5, High Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:6, 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 6/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FXJLT +5.17% +19.12% +10.72% +14.94% +6.47%
*AS OF 7/25/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 06/30/2014; MORNINGSTAR CATEGORY: TARGET DATE 2026-2030
Shows growth of hypothetical $10,000 investment in Fidelity VIP Investor Freedom 2030 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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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 target date and beyond.

Strategy

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 an asset allocation strategythat becomes increasingly conservative until it reaches 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 VIP Investor Freedom Income Portfolio. Strategic Advisers 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.

Risk

The investment risks of each VIP Investor 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 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
Unit Value
$17.49
7/25/2014
5/19/2014
Turnover Rate
27%
12/31/2013
Net Assets ($M)
$99.11
6/30/2014
12 Month Low-High
$14.69 - $17.45
6/30/2014

Quarter-End Average Annual Total Returns

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AS OF 6/30/2014; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.75% AS OF 5/19/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Investor Freedom 2030 19.12% 10.72% 14.94% -- 6.47%

© 2013 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.