Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Fidelity VIP High Income Initial
Release date as of 2025-09-30. 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 6.85
Average Wtd Price 98.40
As of 2025-07-31
Data as of 2025-07-31
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 2.1
Bullet Non-U.S. Stocks Non-U.S. Stocks 2.2
Bullet Bonds Bonds 89.6
Bullet Cash Cash 2.1
Bullet Other Other 4.1
Asset Allocation Rescaled Graph
Data through 2025-07-31
  Morningstar Fixed-Income Sectors
% Fund
Government 0.79
Corporate 96.07
Securitized 0.96
Municipal 0.00
Cash & Equivalents 2.17
Derivative 0.00
Data through 2025-07-31
  Credit Analysis
% Bonds
AAA 0.01
AA 0.00
A 0.00
BBB 3.35
BB 42.80
B 48.27
Below B 0.00
Not Rated 5.58
Data through 2025-07-31
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 9
Total Number of Bond Holdings 726
% of Net Assets in Top 10 Holdings 9.56
Turnover % (as of 2024-12-31) 42.00
30 Day SEC Yield % 6.28
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Fidelity Cash Central Fund --- 16,652 16,655 2.10
Mesquite Engy --- 83 16,630 2.09
Fid Private Credit Co Llc --- 1,443 13,876 1.75
5 Year Treasury Note Future Sept 25 2025-09-30 --- 6,059 0.76
TransDigm, Inc. 6.375% 2033-05-31 4,275 4,302 0.54
Artera Services LLC 8.5% 2031-02-15 4,495 3,723 0.47
Bausch Health Tm B 1ln 10/30 2030-10-08 3,785 3,703 0.47
1261229 Bc Ltd. 10% 2032-04-15 3,610 3,675 0.46
EG Global Finance PLC 12% 2028-11-30 3,280 3,624 0.46
EchoStar Corp. 3.875% 2030-11-30 2,856 3,616 0.46
PG&E Corporation 7.375% 2055-03-15 3,377 3,259 0.41
Level 3 Financing, Inc. 6.875% 2033-06-30 3,130 3,172 0.40
CSC SERVICEWORKS TM B 1LN 2/28 2028-03-04 3,567 3,134 0.39
US Foods Inc 5.75% 2033-04-15 3,120 3,091 0.39
Entegris Inc 5.95% 2030-06-15 2,980 3,007 0.38
TWITTER TM B1 1LN 10/26/29 2029-10-26 2,999 2,920 0.37
EchoStar Corp. 10.75% 2029-11-30 2,760 2,910 0.37
Wrangler Holdco Corp. 6.625% 2032-04-01 2,785 2,877 0.36
Altice France S.A 5.125% 2029-07-15 3,325 2,876 0.36
Transocean Inc. 8% 2027-02-01 2,875 2,854 0.36
Commscope Term 1ln 12/17/29 2029-12-17 2,800 2,844 0.36
Brand Industrial Services Inc. 10.375% 2030-08-01 3,090 2,805 0.35
Neptune BidCo US Inc. 9.29% 2029-04-15 2,870 2,777 0.35
Primo Water Holdings Inc / Triton Water Holdings Inc. 6.25% 2029-04-01 2,625 2,630 0.33
Univision Communications Inc. 8.5% 2031-07-31 2,590 2,630 0.33
Data through 2025-07-31
Show Data Definitions

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