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Fidelity VIP Investor Freedom® Fund Portfolios

You choose your retirement year. We choose the investments.

The VIP Investor Freedom® Fund Portfolios1 are lifecycle or target-date funds, offering a diversified mix of Fidelity VIP funds in a single investment. Fidelity’s investment professionals set the asset allocation strategy for each portfolio to adjust periodically and become more conservative as the fund approaches its target date. You select a portfolio whose target date is closest to your expected year of retirement. Except for Fidelity VIP Investor Freedom Income, each portfolio’s asset allocation strategy becomes increasingly conservative as it approaches the target date and beyond, until it ultimately merges with Fidelity VIP Investor Freedom Income. Principal invested is not guaranteed at any time, including at or after the portfolio's target date.

About VIP Investor Freedom Fund Portfolios
  • Choose from 7 portfolios targeting different retirement years (Note: Not available in all products)
  • The further from the portfolio’s target year, the higher the equity allocation of the portfolio
  • The closer to the portfolio’s target year, the more conservative the allocation of the portfolio
How these portfolios work
  • A diversified portfolio of carefully selected Fidelity VIP funds
  • Fidelity handles the asset allocation selection and investment decisions and manages the rolldown using a proprietary approach
  • Daily portfolio review to make adjustments if needed
One may be right for you if
  • You want an actively managed investment solution that adjusts to a more conservative portfolio as you near your target retirement year

Select the fund closest to your target retirement year

VIP Portfololio legend VIP Investor Freedom - Income Porfolio VIP Investor Freedom - 2005 Portfolio VIP Investor Freedom - 2010 Portfolio VIP Investor Freedom - 2015 Portfolio VIP Investor Freedom - 2020 Portfolio VIP Investor Freedom - 2025 Portfolio VIP Investor Freedom - 2030 Portfolio

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

What are the benefits of choosing a VIP Investor Freedom Fund Portfolio in my annuity?
Choosing a VIP Investor Freedom Fund Portfolio shifts the asset allocation selection and rolldown management to Fidelity’s fund managers and analysts who have managed these funds through multiple market cycles since the 1990's. You can be confident that you have a diversified2 approach to saving and investing for your retirement and that your asset mix is targeted to the target retirement date.
How will my fund’s asset allocation change over time?
Our unique asset allocation rolldown technique strives to maximize returns during accumulation years and minimize downside risk as you approach and live in retirement. As the target date approaches, the managers will adjust the allocation to a more conservative mix of bonds, stocks and short-term investments.

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

  1. If you choose to invest in Fidelity VIP Investor Freedom® Fund Portfolios, please note that performance depends on that of their underlying 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, small-cap, and foreign securities. Customers should evaluate their own circumstances before selecting a fund.
  2. Diversification does not ensure a profit or protect against a loss in a declining market.

Withdrawals from annuities of taxable amounts are subject to ordinary income tax, and, if taken before age 59 ½, may be subject to a 10% IRS penalty.

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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