VIP Investment Grade Bond II Portfolio - Initial Class (a)
14,857,585
136,838,355
TOTAL BOND FUNDS
(Cost $278,449,361)
249,960,817
Short-Term Funds - 0.2%
Shares
Value ($)
VIP Government Money Market Portfolio Initial Class 5.09% (a)(b)
(Cost $1,248,749)
1,248,749
1,248,749
TOTAL INVESTMENT IN SECURITIES - 100.0%
(Cost $562,092,017)
617,212,766
NET OTHER ASSETS (LIABILITIES) - 0.0%
(63,913)
NET ASSETS - 100.0%
617,148,853
Legend
(a)
Affiliated Fund
(b)
The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
% ownership,
end
of period
Fidelity Cash Central Fund 5.39%
-
621,425
621,425
82
-
-
-
0.0%
Total
-
621,425
621,425
82
-
-
-
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur. If an Underlying Funds changes its name, the name presented below is the name in effect at period end.
Affiliate
Value,
beginning
of period ($)
Purchases ($)
Sales
Proceeds ($)
Dividend
Income ($)
Realized
Gain (loss) ($)
Change in
Unrealized
appreciation
(depreciation) ($)
Value,
end
of period ($)
Fidelity Inflation-Protected Bond Index Fund
44,436,438
12,319,026
6,208,516
42,939
(175,135)
(386,893)
49,984,920
Fidelity International Bond Index Fund
16,438,690
3,775,337
2,577,585
204,792
(12,638)
121,742
17,745,546
Fidelity Long-Term Treasury Bond Index Fund
34,552,917
11,584,747
7,398,199
803,143
(706,375)
(2,854,796)
35,178,294
VIP Contrafund Portfolio Initial Class
31,277,831
4,342,712
8,364,829
307,983
248,624
5,481,743
32,986,081
VIP Emerging Markets Portfolio Initial Class
62,866,923
17,719,682
18,469,085
106,040
516,314
306,314
62,940,148
VIP Equity-Income Portfolio Initial Class
28,027,473
4,094,383
5,625,729
-
88,108
435,565
27,019,800
VIP Government Money Market Portfolio Initial Class 5.09%
4,201,322
7,007,587
9,960,160
183,255
-
-
1,248,749
VIP Growth & Income Portfolio Initial Class
36,267,672
5,508,184
7,788,705
133,807
182,184
2,747,140
36,916,475
VIP Growth Portfolio Initial Class
49,120,401
9,487,959
13,734,568
340,781
390,764
9,056,922
54,321,478
VIP High Income Portfolio Initial Class
9,732,805
1,624,302
1,516,247
6,703
(19,941)
392,783
10,213,702
VIP Investment Grade Bond II Portfolio - Initial Class
120,994,150
35,544,543
17,982,868
39,938
(12,566)
(1,704,904)
136,838,355
VIP Mid Cap Portfolio Initial Class
8,746,740
1,254,596
1,765,448
20,558
21,819
300,092
8,557,799
VIP Overseas Portfolio Initial Class
109,779,683
18,715,083
21,230,396
-
445,525
6,883,481
114,593,376
VIP Value Portfolio Initial Class
20,208,868
2,440,259
5,243,804
-
711,744
1,015,754
19,132,821
VIP Value Strategies Portfolio Initial Class
10,016,979
1,378,826
2,686,575
24,117
346,294
479,698
9,535,222
586,668,892
136,797,226
130,552,714
2,214,056
2,024,721
22,274,641
617,212,766
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value investments by major category are as follows:
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.
We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.
