NPORT-EX 2 QTLY_1495_20240331.htm 010 - Quarterly Front Cover
Quarterly Holdings Report
for
Fidelity® Variable Insurance Products:
VIP Investor Freedom 2005 Portfolio℠
March 31, 2024
VIPIFF2005-NPRT1-0524
1.830286.118
Domestic Equity Funds - 8.1%
 
  
Shares
Value ($)
 
VIP Contrafund Portfolio Investor Class (a)
  
4,698
263,685
VIP Equity-Income Portfolio Investor Class (a)
  
8,023
214,447
VIP Growth & Income Portfolio Investor Class (a)
  
9,940
294,329
VIP Growth Portfolio Investor Class (a)
  
4,142
437,121
VIP Mid Cap Portfolio Investor Class (a)
  
1,693
67,537
VIP Value Portfolio Investor Class (a)
  
7,433
150,231
VIP Value Strategies Portfolio Investor Class (a)
  
4,253
74,598
 
TOTAL DOMESTIC EQUITY FUNDS
 (Cost $801,775)
  
  
1,501,948
 
  
  
  
International Equity Funds - 12.4%
 
  
Shares
Value ($)
 
VIP Emerging Markets Portfolio Investor Class (a)
  
86,975
943,677
VIP Overseas Portfolio Investor Class (a)
  
49,827
1,377,725
 
TOTAL INTERNATIONAL EQUITY FUNDS
 (Cost $1,522,462)
  
  
2,321,402
 
  
  
  
Bond Funds - 63.8%
 
  
Shares
Value ($)
 
Fidelity Inflation-Protected Bond Index Fund (a)
  
338,345
3,055,255
Fidelity International Bond Index Fund (a)
  
44,165
404,996
Fidelity Long-Term Treasury Bond Index Fund (a)
  
52,978
516,007
VIP High Income Portfolio Investor Class (a)
  
66,141
307,554
VIP Investment Grade Bond II Portfolio Investor Class (a)
  
809,981
7,613,819
 
TOTAL BOND FUNDS
 (Cost $12,632,053)
  
  
11,897,631
 
  
  
  
Short-Term Funds - 15.7%
 
  
Shares
Value ($)
 
VIP Government Money Market Portfolio Investor Class 5.11% (a)(b)
 
 (Cost $2,924,243)
 
  
2,924,243
2,924,243
 
  
  
  
 
TOTAL INVESTMENT IN SECURITIES - 100.0%
 (Cost $17,880,533)
 
  
 
18,645,224
NET OTHER ASSETS (LIABILITIES) - 0.0%  
1,221
NET ASSETS - 100.0%
18,646,445
 
  
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
3,182,649
70,355
193,963
1,092
(7,948)
4,162
3,055,255
Fidelity International Bond Index Fund
473,402
12,291
79,157
3,012
(5,360)
3,820
404,996
Fidelity Long-Term Treasury Bond Index Fund
621,871
11,094
94,198
4,736
(20,480)
(2,280)
516,007
VIP Contrafund Portfolio Investor Class
191,096
60,532
22,723
943
725
34,055
263,685
VIP Emerging Markets Portfolio Investor Class
930,206
43,707
59,250
805
2,306
26,708
943,677
VIP Equity-Income Portfolio Investor Class
154,963
61,062
18,755
989
882
16,295
214,447
VIP Government Money Market Portfolio Investor Class 5.11%
3,397,590
204,053
677,400
39,813
-
-
2,924,243
VIP Growth & Income Portfolio Investor Class
212,934
80,797
26,295
1,762
1,095
25,798
294,329
VIP Growth Portfolio Investor Class
316,465
105,083
34,058
5,663
716
48,915
437,121
VIP High Income Portfolio Investor Class
307,317
4,292
9,985
132
(1,516)
7,446
307,554
VIP Investment Grade Bond II Portfolio Investor Class
7,267,055
577,142
186,430
4,519
(11,618)
(32,330)
7,613,819
VIP Mid Cap Portfolio Investor Class
48,511
18,790
6,314
1,014
374
6,176
67,537
VIP Overseas Portfolio Investor Class
1,344,743
26,238
90,931
5,109
20,696
76,979
1,377,725
VIP Value Portfolio Investor Class
108,138
46,184
13,723
2,659
936
8,696
150,231
VIP Value Strategies Portfolio Investor Class
53,479
22,966
7,435
861
563
5,025
74,598
 
18,610,419
1,344,586
1,520,617
73,109
(18,629)
229,465
18,645,224
 
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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