Investment objective & strategy
As of April 18, 2025 · prospectusObjective. VIP Asset Manager 50% Portfolio seeks to obtain high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.
Strategy. Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities). Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments. Adjusting allocation among asset classes gradually within the … Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities). Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments. Adjusting allocation among asset classes gradually within the following ranges: stock class (30%-70%), bond class (20%-60%), and short-term/money market class (0%-50%). Investing in domestic and foreign issuers. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines) and Fidelity's exchange-traded funds consistent with the asset classes discussed above.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VIP Investment Grade Central Fund | — | $308.32M | 32.99% |
| Fidelity U.S. Equity Central Fund | — | $245.60M | 26.28% |
| Fidelity International Equity Central Fund | — | $142.24M | 15.22% |
| Fidelity Emerging Markets Equity Central Fund | — | $65.81M | 7.04% |
| Fidelity Cash Central Fund | — | $33.49M | 3.58% |
| Fidelity Enhanced Small Cap ETF | — | $22.37M | 2.39% |
| Fidelity Blue Chip Growth ETF | — | $18.18M | 1.94% |
| Fidelity Inflation-Protected Bond Index Central Fund | — | $17.76M | 1.90% |
| Fidelity Emerging Markets Debt Local Currency Central Fund | — | $14.41M | 1.54% |
| Fidelity Hedged Equity ETF | — | $11.64M | 1.25% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VIP Asset Manager 70% Portfolio | 83% | 0.63% |
| Fidelity Asset Manager 50% · FASMX, FFAMX, FFCMX, FFTMX, FFIMX, FIKZX | 67% | 0.45% |
| Fidelity Asset Manager 70% · FASGX, FAASX, FCASX, FTASX, FAAIX, FIQBX | 65% | 0.55% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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