Research Annuities

Fidelity VIP FundsManager® Portfolios

Get instant diversification1 for your annuity assets with a single investment option2.

Fidelity’s investment professionals construct the Fidelity VIP FundsManager® portfolios3 by evaluating in-depth research reports on more than 180 Fidelity retail and VIP funds, then performing extensive quantitative analyses. The result is a “fund of funds” that provides you with an actively managed investment to help you meet your goals.

About VIP FundsManager Portfolios
  • Choose from 5 different target-risk portfolios (Note: Not available in all products)
  • Equity allocation ranges from 20% to 85%
  • Professionally managed fund-of-funds
How these portfolios work
  • Actively managed by Fidelity’s investment professionals
  • Each portfolio constructed according to a predetermined asset mix
  • Portfolios are diversified by investing in a mix of 180+ carefully selected Fidelity retail and Fidelity VIP funds
One may be right for you if
  • You don’t have the time to research investment options and track your annuity portfolio
  • You prefer a single fund solution based on a selected target asset mix

Choose the right mix for your investment goals

Consider your risk tolerance, from conservative to aggressive, and find a Fidelity VIP FundsManager portfolio that most closely aligns with your comfort and risk.

VIP Portfololio legend VIP FundsManager 20% Portfolio - Conservative Strategy VIP FundsManager 50% Portfolio - Balanced Strategy VIP FundsManager 60% Portfolio - Growth and Income Strategy VIP FundsManager 70% Portfolio - Growth Strategy VIP FundsManager 85% Portfolio - Aggressive Growth Strategy

Each asset allocation shown is presented to illustrate the underlying funds in which the portfolio is approximately invested, and may not be representative of the portfolio's current or future investments. Allocation percentages may not add up to 100% due to rounding. The figures shown are as of April 30, 2011, and may change at any time. For the underlying fund's entire investment portfolio, view the most current quarterly holdings, or semi–annual or annual report.

Customer Questions

How do these portfolios differ from other annuity funds?
Unlike an annuity fund that typically invests in stocks or bonds, each VIP FundsManager Portfolio is a diversified portfolio made up of carefully selected funds. Choosing a portfolio can potentially provide a complete asset allocation investment strategy for your variable annuity assets. Each portfolio strives to provide reduced volatility through diversification.
How do I choose a portfolio?
The portfolios are named according to the equity fund allocations in each. The fund you choose will depend on your tolerance for risk and your ability to adjust to fluctuations in value. If your risk tolerance changes over time, you can select a different portfolio that better suits your new perspective.

Principal value, income payments, and investment returns of a variable annuity will fluctuate, and you may have a gain or loss when money is received or withdrawn.

Withdrawals of taxable amounts from an annuity are subject to ordinary income tax, and, if taken before age 59½, may be subject to a 10% IRS penalty.

  1. Neither diversification nor asset allocation ensures a profit or guarantees against loss in a declining market.
  2. Investing involves risk, you could lose money.
  3. If you choose to invest in Fidelity VIP FundsManager portfolios, please note that their performance depends on that of their underlying Fidelity and Fidelity VIP funds. These portfolios are subject to the volatility of the financial markets in the U.S. and abroad, and may be subject to the additional risks associated with investing in high-yield, commodity-linked, small-cap, and foreign securities. Customers should evaluate their own circumstances before selecting a fund.

Fidelity annuities are issued by Fidelity Investments Life Insurance Company (FILI), and in New York, by Empire Fidelity Investments Life Insurance Company®, New York, N.Y. FILI is licensed in all states except New York. The contract’s financial guarantees are solely the responsibility of the issuing insurance company.

Fidelity annuities are distributed by Fidelity Brokerage Services, Member NYSE, SIPC This page will open in a popup window.. This page will open in a popup window., and Fidelity Insurance Agency, Inc.

VIP refers to Variable Insurance Products.

Before investing, consider the investment objectives, risks, charges and expenses of the variable annuity and its investment options. Call or write to Fidelity or visit Fidelity.com for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

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