Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Fidelity VIP High Income Initial
Release date as of 2025-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Bond Holdings
Average Eff Duration ---
Average Eff Maturity ---
Average Wtd Coupon 6.56
Average Wtd Price 97.39
As of 2025-02-28
Data as of 2025-02-28
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 2.3
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.1
Bullet Bonds Bonds 92.1
Bullet Cash Cash 1.8
Bullet Other Other 2.6
Asset Allocation Rescaled Graph
Data through 2025-02-28
  Morningstar Fixed-Income Sectors
% Fund
Government 1.90
Corporate 95.31
Securitized 0.91
Municipal 0.00
Cash & Equivalents 1.88
Derivative 0.00
Data through 2025-02-28
  Credit Analysis
% Bonds
AAA 2.35
AA 0.00
A 0.00
BBB 4.51
BB 41.32
B 48.28
Below B 0.00
Not Rated 3.53
Data through 2025-02-28
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 14
Total Number of Bond Holdings 770
% of Net Assets in Top 10 Holdings 9.08
Turnover % (as of 2024-12-31) 42.00
30 Day SEC Yield % 7.52
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
United States Treasury Notes 4.125% 2032-11-15 14,475 14,478 1.83
Fidelity Private Cr Co (Unit) --- 1,354 13,247 1.68
Fidelity Cash Central Fund --- 9,133 9,135 1.16
Mesquite Engy --- 83 7,172 0.91
EchoStar Corp. 10.75% 2029-11-30 6,605 7,083 0.90
Artera Services LLC 8.5% 2031-02-15 4,495 4,499 0.57
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 6.75% 2027-10-15 4,250 4,238 0.54
PG&E Corporation 5.25% 2030-07-01 4,230 4,060 0.51
Community Health Systems Incorporated 5.25% 2030-05-15 4,605 3,903 0.49
TransDigm, Inc. 6.375% 2029-03-01 3,820 3,870 0.49
EG Global Finance PLC 12% 2028-11-30 3,085 3,460 0.44
Virgin Media Secured Finance PLC 4.5% 2030-08-15 3,830 3,406 0.43
TK Elevator Us Newco Inc. 5.25% 2027-07-15 3,410 3,376 0.43
Bausch Health Companies Inc. 5.5% 2025-11-01 3,350 3,342 0.42
Cloud Software Group Inc. 9% 2029-09-30 3,160 3,230 0.41
EchoStar Corp. 3.875% 2030-11-30 2,578 3,208 0.41
Wrangler Holdco Corp. 6.625% 2032-04-01 3,080 3,154 0.40
Brand Industrial Services Inc. 10.375% 2030-08-01 3,090 3,147 0.40
EMRLD Borrower LP / Emerald Co-Issuer Inc. 6.625% 2030-12-15 2,975 3,010 0.38
Ero Copper Corp 6.5% 2030-02-15 3,065 2,996 0.38
Entegris Escrow Corp. 5.95% 2030-06-15 2,980 2,986 0.38
NFE Financing LLC 12% 2029-11-15 3,002 2,966 0.38
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% 2030-10-15 3,200 2,918 0.37
Primo Water Holdings Inc / Triton Water Holdings Inc. 6.25% 2029-04-01 2,910 2,899 0.37
CSC SERVICEWORKS TM B 1LN 2/28 2028-03-04 3,339 2,886 0.37
Data through 2025-02-28
Show Data Definitions

© Copyright 2025 Morningstar, Inc. All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.