Fidelity Retirement Reserves^®

  Morningstar data provided by Morningstar, Inc.

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ANNUITY FUND PERFORMANCE:

1. Returns since 11/1/97 include the 0.80% annual annuity charge for Fidelity Retirement Reserves and returns prior to 11/1/97 include a 1.00% annual annuity charge. Returns do not reflect the annual $30 maintenance fee which applies to contracts where total purchases payments, less any withdrawals, are less than $25,000. Certain funds have voluntary expense limits. Without these expense reimbursements, returns would have been lower.
2. Returns for periods of less than one year are cumulative from the inception date indicated.

Performance returns reflect the subaccount inception, the date each portfolio was first available in the insurance company's variable product.

Total returns include changes in share price and reinvestment of dividends and capital gains.

Unless otherwise noted, returns are adjusted for all applicable recurring and non-recurring fees (including redemption fees), loads and charges, if any.

VIP refers to Variable Insurance Products.

You could lose money by investing in the Fidelity VIP Government Money Market Portfolio. Although the fund seeks to preserve the value of the investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund's sponsor, have no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

The fund will not impose a fee upon the sale of its shares, nor temporarily suspend the ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors.

On December 1, 2015, Fidelity VIP Money Market changed its name to Fidelity VIP Government Money Market and will operate under certain different investment policies. The historical performance may not represent its current investment policies.

Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59 1/2, may be subject to a 10% IRS penalty.

ABOUT MORGAN STANLEY FUNDS: Morgan Stanley refers to Morgan Stanley Variable Insurance Fund Inc.

Prior to May 1, 2015, the Morgan Stanley Global Strategist Fund was known as Morgan Stanley Global Tactical Asset Allocation Fund.

Prior to December 1, 2018, Fidelity VIP Communication Services was named Fidelity VIP Telecommunications and operated under certain different investment policies. The historical performance may not represent its current investment policies.