Fidelity® VIP Strategic Income Initial |
|
 |
|
Release date as of 2022-05-31. Data on page is subject to change. |
|
|
Overall Morningstar Rating™
|
What is this?
|
|
 |
As of 2022-05-31 |
|
Out of 280 Multisector Bond Funds
|
|
|
|
|
|
Total Fund Assets ($ Mil) |
1,489.47 |
|
|
|
Investment Objective & Strategy |
|
The investment seeks a high level of current income and may also seek capital appreciation.
|
|
The fund invests primarily in debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds). The adviser uses a neutral mix of approximately 45% high yield, 30% U.S. government and investment-grade, 15% emerging markets, and 10% foreign developed markets. |
|
|
Morningstar Category: Multisector Bond |
|
Multisector-bond portfolios seek income by diversifying their assets among several fixed-income sectors, usually U.S. government obligations, U.S. corporate bonds, foreign bonds, and high-yield U.S. debt securities. These portfolios typically hold 35% to 65% of bond assets in securities that are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.
|
|
|
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 |
3.7 |
 |
Non-U.S. Stocks |
0.3 |
 |
Bonds |
87.6 |
 |
Cash |
7.5 |
 |
Other |
0.9 |
|
|
 |
Data through 2022-03-31 |
|
|
|
|
Morningstar Fixed-Income Sectors |
|
% Fund |
 |
Government |
41.72 |
 |
Corporate |
47.50 |
 |
Securitized |
2.97 |
 |
Municipal |
0.00 |
 |
Cash & Equivalents |
7.82 |
 |
Other |
0.00 |
|
|
|
% Bonds |
AAA |
30.51 |
AA |
1.73 |
A |
1.45 |
BBB |
6.74 |
BB |
17.83 |
B |
21.35 |
Below B |
4.65 |
Not Rated |
15.74 |
|
|
|
|
|
Total Number of Stock Holdings |
80 |
Total Number of Bond Holdings |
1748 |
% of Net Assets in Top 10 Holdings |
23.84 |
|
|
Turnover % |
(as of 2021-12-31) |
103.00 |
30 Day SEC Yield % |
4.02 |
|
|
Maturity Date
|
Shares
|
Value $000
|
% of Net Assets
|
 |
 |
 |
 |
 |
 |
 |
Fidelity Revere Str Tr |
--- |
269,548 |
111,806 |
7.08 |
|
United States Treasury Notes 1.125% |
2028-08-31 |
61,122 |
56,313 |
3.56 |
 |
10 Year Treasury Note Future June 22 |
2022-06-21 |
--- |
45,341 |
2.87 |
 |
Ultra US Treasury Bond Future June 22 |
2022-06-21 |
--- |
34,539 |
2.19 |
 |
United States Treasury Notes 1.5% |
2024-02-29 |
29,600 |
29,169 |
1.85 |
 |
 |
United States Treasury Notes 1.875% |
2027-02-28 |
28,800 |
28,028 |
1.77 |
 |
United States Treasury Notes 2.75% |
2024-02-15 |
18,873 |
19,017 |
1.20 |
|
United States Treasury Bonds 2% |
2051-08-15 |
19,656 |
17,733 |
1.12 |
|
United States Treasury Bonds 3% |
2049-02-15 |
16,081 |
17,676 |
1.12 |
|
United States Treasury Bonds 2.5% |
2045-02-15 |
17,524 |
17,068 |
1.08 |
 |
|
 |
|
|
|
|
|
Prepayment (Call), Currency, Emerging Markets, Foreign Securities, Loss of Money, Not FDIC Insured, High Portfolio Turnover, Issuer, Interest Rate, Market/Market Volatility, Equity Securities, Leverage |
|
Show Risk Definitions |
|
|
Inception Date: 2003-12-23 |
|
Adam Kramer (2017-07-31) |
|
Adam Kramer is a portfolio manager in the Fixed Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing,and other financial products and services to institutions, financial intermediaries, and individuals.
In this role, he manages several multi-asset income funds, opportunistic high-yield bond strategies for institutional investors as well as a high income fund available exclusively to Canadian investors. |
|
Ford E. O'Neil (2012-06-15) |
|
Ford O’Neil is a portfolio manager at FMRCo. In this role, Mr. O’Neil manages various retail and institutional taxable bond funds/portfolios. His responsibilities include managing multiple Fidelity and Fidelity Advisor funds and various institutional comingled pools. Prior to assuming his current role, he worked as an analyst focusing on the utility sector from 1990 to 1992. Mr. O’Neil joined Fidelity in 1990 and has been in the investments industry since 1985. He earned his bachelor of arts degree from Harvard College and his MBA from The Wharton School at the University of Pennsylvania. |
|
Rick Patel (2020-04-28) |
|
Rick Patel is a fixed income portfolio manager in Fidelity’s London office. He specialises in global and regional fixed income products, and was a quantitative analyst and key member within the fixed income team for five years prior to moving into an associated portfolio manager role in 2005. After two years, he was promoted to portfolio manager at FIA(UK). |
|
Franco Castagliuolo (2009-12-31) |
|
Franco Castagliuolo joined Fidelity Investments in 1996, since then Mr. Castagliuolo has worked as a research associate and portfolio manager. |
|
Timothy Gill (2018-12-31) |
|
Timothy Gill is a portfolio manager in the High Income and Alternatives division at Fidelity Investments. Fidelity
Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage,
benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and
individuals.
In this role, Mr. Gill co-manages Fidelity and Fidelity Advisor Global High Income Funds, Fidelity and Fidelity Advisor
Total Emerging Markets Funds, Fidelity and Fidelity Advisor New Markets Income Funds, Fidelity and Fidelity
Advisor Strategic Income Funds, Fidelity VIP Strategic Income Portfolio, Fidelity Series Emerging Markets Debt
Fund, Fidelity Emerging Markets Debt Central Fund, and various institutional portfolios for U.S. and non-U.S.
investors.
Prior to assuming his current portfolio management responsibilities, Mr. Gill was an assistant portfolio manager and
research analyst on the emerging markets debt team, where he covered a variety of sovereign credits. Additionally,
he was also a trader within the High Income division covering emerging market sovereign debt. He has been in the
financial industry since joining Fidelity in 2000 in the foreign trade operations group.
Mr. Gill earned his bachelor of science degree in business administration from the University of Vermont. He is also a
CFA charterholder and a member of CFA Society Boston. |
|
Brian Chang (2019-10-31) |
|
Brian Chang is a portfolio manager in the High Income division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing,and other financial products and services to institutions, financial intermediaries, and individuals.
In this role, Mr. Chang co-manages multiple High Yield Fidelity Funds, portfolio sleeves and institutional accounts. |
|
Sean Corcoran (2017-12-08) |
|
Since joined Fidelity Investments in 2001 and has worked as a research analyst and portfolio manager. |
|
Ario Emami Nejad (2019-03-31) |
|
Ario Emami Nejad joined Fidelity International in 2010, since then he has worked as a Fixed Income Graduate, Fixed Income Trader, and a portfolio manager. |
|
Nader Nazmi (2020-09-18) |
|
Nader Nazmi is a research analyst in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.
In this role, Mr. Nazmi is responsible for sovereign debt research covering Brazil, Mexico, Argentina, and 18 other Latin American countries that the Emerging Markets Debt team invests in.
Prior to joining Fidelity, Mr. Nazmi was managing director, sovereign analyst, and macro strategist on the Emerging Markets Debt team at Wellington Management. Additionally, he has had an extensive career in the financial industry, including positions at: BNP Paribas as director and economist for Latin America, Capital Markets group; Institute of International Finance as deputy director and senior economist, Latin America department; Bank One as director of economic research, Latin America, Banc One Capital Markets; and Central Bank of Ecuador as an international advisor in the research department. Mr. Nazmi has also held several positions in academia, including: senior fellow and visiting professor in the Center for Latin America Studies at Georgetown University; Hollender professor and chairperson of the economics department at Lake Forest College; visiting scholar at the Center for Research on Economic Development at the University of Michigan; and Fulbright Scholar at the University of Sao Paulo. He has been in the financial industry since 1998.
Mr. Nazmi earned his bachelor of science degree in economics, summa cum laude, Phi Beta Kappa, from Iowa State University, and both his master's and doctorate degrees in economics from the University of Illinois. He also holds the Financial Industry Regulatory Authority (FINRA) Series 2, 7, 24, and 65 licenses. Additionally, his extensive research in economics and international finance have been published in academic journals, editorial contributions, and a book. |
|
Mark Notkin (2003-12-23) |
|
Mr. Notkin is a vice president and co-manager of Fidelity Investments. Since joining Fidelity in 1994, he has worked as a research analyst and portfolio manager. |
|
|
|
Fidelity Management & Research Company LLC |
|
|
|
|
FMR Investment Management (U.K.) Limited |
Fidelity Management & Research (Japan) Limited |
FIL Investments (Japan) Limited |
Fil Investment Advisors |
FIL Investment Advisors (UK) Ltd |
Fidelity Management & Research (HK) Ltd |
|
|
 © Copyright 2022 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.
|
|