Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity VIP Asset Manager 70% Initial Release date as of 2025-04-30. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2025-04-30 Out of 118 Moderately Aggressive Allocation Funds Morningstar® Style Box™ What is this? As of 2025-02-28 As of 2025-02-28 Total Fund Assets ($ Mil) 279.82 View Historical Morningstar Star Ratings and Definitions

Investment Objective & Strategy   The investment seeks to maximize total return by allocating its assets among stocks, bonds, short-term instruments, and other investments. The adviser maintains a neutral mix over time of 70% of assets in stocks, 25% of assets in bonds, and 5% of assets in short-term and money market instruments. The adviser adjusts allocation among asset classes gradually within the following ranges: stock class (50%-100%), bond class (0%-50%), and short-term/money market class (0%-50%).

Morningstar Category: Moderately Aggressive Allocation Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderately aggressive strategies prioritize capital appreciation over preservation. They typically expect volatility similar to a strategic equity exposure between 70% and 85%.

Investment Risks 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.

Portfolio Profile Asset Allocation % of Net Assets U.S. Stocks 43.5 Non-U.S. Stocks 28.2 Bonds 23.9 Cash 3.5 Other 0.9 Data through 2025-02-28 Morningstar Equity Sectors % of Stocks Cyclical 35.74 Basic Materials 3.95 Consumer Cyclical 11.37 Financial Services 17.69 Real Estate 2.73 Sensitive 47.47 Communication Services 7.82 Energy 3.33 Industrials 12.24 Technology 24.08 Defensive 16.78 Consumer Defensive 4.85 Healthcare 9.82 Utilities 2.11 Data through 2025-02-28 Morningstar Fixed-Income Sectors % Fund Government 49.46 Corporate 20.60 Securitized 18.10 Municipal 0.00 Cash & Equivalents 11.35 Derivative 0.49 Data through 2025-02-28 Credit Analysis % Bonds AAA 71.67 AA 2.15 A 7.31 BBB 12.07 BB 2.88 B 2.39 Below B 0.00 Not Rated 1.53 Data through 2025-02-28 Holding Status Total Number of Stock Holdings 811 Total Number of Bond Holdings 3203 % of Net Assets in Top 10 Holdings 22.85 Turnover % (as of 2024-12-31) 21.00 30 Day SEC Yield % --- Top Holdings Sector Country Maturity Date Market Value ($000) % of Net Assets Fidelity Enhanced Small Cap ETF --- USA --- 10,656 3.73 Apple Inc USA --- 7,864 2.75 Fidelity Cash Central Fund --- USA --- 7,704 2.70 Fidelity Blue Chip Growth ETF --- USA --- 7,079 2.48 NVIDIA Corp USA --- 6,793 2.38 Microsoft Corp USA --- 6,203 2.17 10 Year Treasury Note Future June 25 --- USA 2025-06-18 5,555 1.94 Fidelity Enhanced Mid Cap ETF --- USA --- 5,292 1.85 Amazon.com Inc USA --- 4,472 1.57 Alphabet Inc Class A USA --- 3,652 1.28 Data through 2025-02-28

Principal Risks    Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Country or Region, Income, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, ETF Show Risk Definitions

Other Information Inception Date: 1995-01-03 Portfolio Manager(s) Katherine Shaw   (2023-11-01) Katherine Shaw is Co-Portfolio Manager of each fund, which she has managed since 2023. She also manages other funds. Since joining Fidelity Investments in 2007, Ms. Shaw has worked as a sector leader and portfolio manager. Avishek Hazrachoudhury   (2018-04-30) Avishek Hazrachoudhury joined Fidelity Investments in 2013, since then he has worked as a quantitative analyst and portfolio manager. Investment Advisor(s) Fidelity Management & Research Company LLC Issuer Fidelity Investments Subadvisor(s) FMR Investment Management (U.K.) Limited Fidelity Management & Research (Japan) Limited Fidelity Management & Research (HK) Ltd

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