NPORT-EX 2 QTLY_1417_20240331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Variable Insurance Products:
VIP Freedom Income Portfolio℠
March 31, 2024
VIPFINC-NPRT1-0524
1.830282.118
Domestic Equity Funds - 8.1%
 
  
Shares
Value ($)
 
VIP Contrafund Portfolio Initial Class (a)
  
17,367
983,691
VIP Equity-Income Portfolio Initial Class (a)
  
29,686
800,324
VIP Growth & Income Portfolio Initial Class (a)
  
36,846
1,098,020
VIP Growth Portfolio Initial Class (a)
  
15,315
1,630,728
VIP Mid Cap Portfolio Initial Class (a)
  
6,255
252,021
VIP Value Portfolio Initial Class (a)
  
27,637
560,470
VIP Value Strategies Portfolio Initial Class (a)
  
15,705
278,453
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $3,544,977)
  
  
5,603,707
 
  
  
  
International Equity Funds - 12.4%
 
  
Shares
Value ($)
 
VIP Emerging Markets Portfolio Initial Class (a)
  
322,652
3,520,138
VIP Overseas Portfolio Initial Class (a)
  
185,054
5,138,955
 
TOTAL INTERNATIONAL EQUITY FUNDS
 (Cost $6,321,179)
  
  
8,659,093
 
  
  
  
Bond Funds - 63.8%
 
  
Shares
Value ($)
 
Fidelity Inflation-Protected Bond Index Fund (a)
  
1,262,168
11,397,373
Fidelity International Bond Index Fund (a)
  
164,806
1,511,272
Fidelity Long-Term Treasury Bond Index Fund (a)
  
197,626
1,924,880
VIP High Income Portfolio Initial Class (a)
  
244,607
1,147,208
VIP Investment Grade Bond II Portfolio - Initial Class (a)
  
3,021,170
28,398,993
 
TOTAL BOND FUNDS
 (Cost $47,225,125)
  
  
44,379,726
 
  
  
  
Short-Term Funds - 15.7%
 
  
Shares
Value ($)
 
VIP Government Money Market Portfolio Initial Class 5.14% (a)(b)
 
 (Cost $10,907,537)
 
  
10,907,537
10,907,537
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $67,998,818)
 
  
 
69,550,063
NET OTHER ASSETS (LIABILITIES) - 0.0%  
(5,713)
NET ASSETS - 100.0%
69,544,350
 
  
Legend
 
(a)
Affiliated Fund
 
(b)
The rate quoted is the annualized seven-day yield of the fund at period end.
 
 
 
 
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
11,952,508
919,762
1,464,906
4,075
(45,473)
35,482
11,397,373
Fidelity International Bond Index Fund
1,775,787
145,805
405,083
11,189
(17,933)
12,696
1,511,272
Fidelity Long-Term Treasury Bond Index Fund
2,332,824
154,625
478,813
17,808
(41,801)
(41,955)
1,924,880
VIP Contrafund Portfolio Initial Class
716,844
272,812
136,438
3,579
5,275
125,198
983,691
VIP Emerging Markets Portfolio Initial Class
3,485,948
354,620
433,332
2,974
9,976
102,926
3,520,138
VIP Equity-Income Portfolio Initial Class
581,292
270,315
116,509
3,644
4,557
60,669
800,324
VIP Government Money Market Portfolio Initial Class 5.14%
12,731,894
1,364,920
3,189,277
145,478
-
-
10,907,537
VIP Growth & Income Portfolio Initial Class
799,053
360,407
162,982
6,705
5,791
95,751
1,098,020
VIP Growth Portfolio Initial Class
1,187,146
473,648
215,794
21,508
7,016
178,712
1,630,728
VIP High Income Portfolio Initial Class
1,152,783
76,954
104,805
486
1,079
21,197
1,147,208
VIP Investment Grade Bond II Portfolio - Initial Class
27,259,612
3,531,179
2,235,813
17,301
1,716
(157,701)
28,398,993
VIP Mid Cap Portfolio Initial Class
181,931
84,274
38,974
3,729
1,808
22,982
252,021
VIP Overseas Portfolio Initial Class
5,044,303
354,108
628,392
18,892
33,756
335,180
5,138,955
VIP Value Portfolio Initial Class
405,418
202,514
84,279
9,845
3,364
33,453
560,470
VIP Value Strategies Portfolio Initial Class
200,620
101,190
44,539
3,164
1,945
19,237
278,453
 
69,807,963
8,667,133
9,739,936
270,377
(28,924)
843,827
69,550,063
 
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.
 
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