Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Fidelity VIP High Income Initial
Release date as of 2025-05-31. 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 6.60
Average Wtd Price 95.85
As of 2025-03-31
Data as of 2025-03-31
  Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 2.3
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.2
Bullet Bonds Bonds 93.0
Bullet Cash Cash 0.7
Bullet Other Other 2.7
Asset Allocation Rescaled Graph
Data through 2025-03-31
  Morningstar Fixed-Income Sectors
% Fund
Government 1.11
Corporate 97.22
Securitized 0.94
Municipal 0.00
Cash & Equivalents 0.73
Derivative 0.00
Data through 2025-03-31
  Credit Analysis
% Bonds
AAA 1.33
AA 0.00
A 0.00
BBB 4.47
BB 42.41
B 48.13
Below B 0.00
Not Rated 3.67
Data through 2025-03-31
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 14
Total Number of Bond Holdings 787
% of Net Assets in Top 10 Holdings 7.81
Turnover % (as of 2024-12-31) 42.00
30 Day SEC Yield % 6.95
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Fidelity Private Cr Co (Unit) --- 1,381 13,384 1.74
United States Treasury Notes 4.125% 2032-11-15 8,232 8,244 1.07
Mesquite Engy --- 83 7,209 0.94
EchoStar Corp. 10.75% 2029-11-30 6,605 6,927 0.90
Fidelity Cash Central Fund --- 5,053 5,054 0.66
Artera Services LLC 8.5% 2031-02-15 4,495 4,194 0.54
PG&E Corporation 5.25% 2030-07-01 4,230 4,061 0.53
TransDigm, Inc. 6.375% 2029-03-01 3,820 3,859 0.50
Community Health Systems Incorporated 5.25% 2030-05-15 4,605 3,799 0.49
EG Global Finance PLC 12% 2028-11-30 3,085 3,416 0.44
Virgin Media Secured Finance PLC 4.5% 2030-08-15 3,830 3,365 0.44
Bausch Health Companies Inc. 5.5% 2025-11-01 3,350 3,347 0.43
TK Elevator Us Newco Inc. 5.25% 2027-07-15 3,410 3,346 0.43
Cloud Software Group Inc. 9% 2029-09-30 3,160 3,152 0.41
Wrangler Holdco Corp. 6.625% 2032-04-01 3,080 3,136 0.41
Ero Copper Corp 6.5% 2030-02-15 3,065 2,977 0.39
EMRLD Borrower LP / Emerald Co-Issuer Inc. 6.625% 2030-12-15 2,975 2,976 0.39
Entegris Escrow Corp. 5.95% 2030-06-15 2,980 2,965 0.38
Brand Industrial Services Inc. 10.375% 2030-08-01 3,090 2,948 0.38
Primo Water Holdings Inc / Triton Water Holdings Inc. 6.25% 2029-04-01 2,910 2,901 0.38
1011778 B.C. Unlimited Liability Company / New Red Finance, Inc. 4% 2030-10-15 3,200 2,896 0.38
EchoStar Corp. 3.875% 2030-11-30 2,578 2,878 0.37
1261229 Bc Ltd. 10% 2032-04-15 2,880 2,862 0.37
CSC SERVICEWORKS TM B 1LN 2/28 2028-03-04 3,330 2,806 0.36
Methanex Corporation 5.125% 2027-10-15 2,855 2,799 0.36
Data through 2025-03-31
Show Data Definitions

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