Fidelity VIP Investment Grade Bd Init |
|
|
|
Release date as of 2024-03-31. Data on page is subject to change. |
|
|
Overall Morningstar Rating™
|
What is this?
|
|
|
As of 2024-03-31 |
|
Out of 426 Intermediate Core Bond Funds
|
|
|
|
|
|
Total Fund Assets ($ Mil) |
4,096.69 |
|
|
|
Investment Objective & Strategy |
|
The investment seeks as high a level of current income as is consistent with the preservation of capital.
|
|
The fund normally invests at least 80% of assets in investment-grade debt securities (those of medium and high quality) of all types and repurchase agreements for those securities. The advisor manages the fund to have similar overall interest rate risk to the Bloomberg U.S. Aggregate Bond Index. The fund allocates assets across different market sectors and maturities. |
|
|
Morningstar Category: Intermediate Core Bond |
|
Intermediate-term core bond portfolios invest primarily in investment-grade U.S. fixed-income issues including government, corporate, and securitized debt, and hold less than 5% in below-investment-grade exposures. Their durations (a measure of interest-rate sensitivity) typically range between 75% and 125% of the three-year average of the effective duration of the Morningstar Core Bond Index.
|
|
|
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund. |
|
|
% of Net Assets |
|
U.S. Stocks |
0.0 |
|
Non-U.S. Stocks |
0.0 |
|
Bonds |
96.6 |
|
Cash |
3.2 |
|
Other |
0.2 |
|
|
|
Data through 2024-01-31 |
|
|
|
|
Morningstar Fixed-Income Sectors |
|
% Fund |
|
Government |
35.04 |
|
Corporate |
29.22 |
|
Securitized |
32.60 |
|
Municipal |
0.00 |
|
Cash & Equivalents |
3.14 |
|
Derivative |
0.00 |
|
|
|
% Bonds |
AAA |
67.48 |
AA |
2.65 |
A |
9.96 |
BBB |
20.03 |
BB |
1.79 |
B |
0.10 |
Below B |
0.03 |
Not Rated |
-2.04 |
|
|
|
|
|
Total Number of Stock Holdings |
0 |
Total Number of Bond Holdings |
2485 |
% of Net Assets in Top 10 Holdings |
26.65 |
|
|
Turnover % |
(as of 2023-12-31) |
188.00 |
30 Day SEC Yield % |
4.54 |
|
|
Maturity Date
|
Shares
|
Value $000
|
% of Net Assets
|
|
|
|
|
|
|
|
United States Treasury Notes 3.375% |
2033-05-15 |
211,100 |
201,765 |
4.93 |
|
United States Treasury Notes 1.25% |
2028-05-31 |
180,752 |
161,808 |
3.96 |
|
United States Treasury Notes 3.5% |
2033-02-15 |
144,500 |
139,584 |
3.41 |
|
United States Treasury Bonds 4.125% |
2053-08-15 |
126,266 |
124,155 |
3.04 |
|
Fidelity Cash Central Fund |
--- |
113,892 |
113,915 |
2.78 |
|
|
United States Treasury Notes 2.875% |
2032-05-15 |
88,237 |
81,605 |
2.00 |
|
United States Treasury Notes 4.125% |
2030-08-31 |
71,100 |
71,911 |
1.76 |
|
United States Treasury Notes 4.375% |
2030-11-30 |
65,000 |
66,727 |
1.63 |
|
United States Treasury Bonds 2% |
2051-08-15 |
104,090 |
65,764 |
1.61 |
|
United States Treasury Notes 1.125% |
2028-08-31 |
70,526 |
62,410 |
1.53 |
|
|
|
|
|
|
|
|
Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, High Portfolio Turnover, Issuer, Interest Rate, Leverage |
|
Show Risk Definitions |
|
|
Inception Date: 1988-12-05 |
|
Celso Munoz (2016-10-18) |
|
Celso Munoz, CFA, Portfolio Manager, co‑manages retail and institutional assets. Mr. Munoz joined Fidelity as a research analyst in 2005 and has been managing fixed income portfolios since 2016. Prior to joining Fidelity, he served as an associate in the Merger & Acquisitions group within the investment banking practice at Deutsche Bank from 1999 to 2005. Mr. Munoz earned his Bachelor of Science degree in economics (with a concentration in finance) from the University of Pennsylvania and his Master of Business Administration degree from Harvard Business School. He is also a Chartered Financial Analyst charterholder. |
|
Ford E. O'Neil (2015-07-31) |
|
Ford O’Neil, Portfolio Manager, manages retail and institutional assets. Mr. O’Neil joined Fidelity as an analyst in 1989 and has been a portfolio manager since 1992. Prior to joining Fidelity, he worked for Advest, Inc. as an associate in investment banking from 1985 to 1989. Mr. O’Neil received a Bachelor of Arts degree in government from Harvard College and a Master of Business Administration from The Wharton School at the University of Pennsylvania. |
|
|
|
Fidelity Management & Research Company LLC |
|
|
|
|
FMR Investment Management (U.K.) Limited |
Fidelity Management & Research (Japan) Limited |
Fidelity Management & Research (HK) Ltd |
|
|
© Copyright 2024 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.
|
|