Investment objective & strategy
As of April 18, 2025 · prospectusObjective. VIP Asset Manager 70% Portfolio seeks to maximize total return by allocating its assets among stocks, bonds, short-term instruments, and other investments.
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 70% of assets in stocks, 25% of assets in bonds, and 5% 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 70% of assets in stocks, 25% of assets in bonds, and 5% of assets in short-term and money market instruments. Adjusting allocation among asset classes gradually within the following ranges: stock class (50%-100%), bond class (0%-50%), 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 |
|---|---|---|---|
| Fidelity U.S. Equity Central Fund | — | $132.23M | 33.94% |
| Fidelity International Equity Central Fund | — | $79.54M | 20.41% |
| VIP Investment Grade Central Fund | — | $70.17M | 18.01% |
| Fidelity Emerging Markets Equity Central Fund | — | $36.95M | 9.48% |
| Fidelity Enhanced Small Cap ETF | — | $11.97M | 3.07% |
| Fidelity Blue Chip Growth ETF | — | $9.29M | 2.38% |
| Fidelity Cash Central Fund | — | $8.74M | 2.24% |
| Fidelity Inflation-Protected Bond Index Central Fund | — | $7.33M | 1.88% |
| Fidelity Emerging Markets Debt Local Currency Central Fund | — | $5.47M | 1.40% |
| Fidelity Fundamental Small-Mid Cap ETF | — | $4.77M | 1.22% |
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 50% Portfolio | 83% | 0.52% |
| Fidelity Asset Manager 70% · FASGX, FAASX, FCASX, FTASX, FAAIX, FIQBX | 82% | 0.55% |
| Fidelity Asset Manager 85% · FAMRX, FEYIX, FEYAX, FEYCX, FEYTX, FIQCX | 80% | 0.56% |
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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