Fidelity VIP Bond Index fund

Fund Overview

Advisor

Fidelity Management & Research Company LLC

Objective/Focus:

Seeks to provide investment results that correspond to the aggregate price and interest performance of the debt securities in the Bloomberg U.S. Aggregate Bond Index. Normally investing at least 80% of the fund's assets in bonds included in the Bloomberg U.S. Aggregate Bond Index, which is a broad based, market-value-weighted benchmark that measures the performance of the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market. Using statistical sampling techniques based on duration, maturity, interest rate sensitivity, security structure, and credit quality to attempt to replicate the returns of the Bloomberg U.S. Aggregate Bond Index using a smaller number of securities. Engaging in transactions that have a leveraging effect on the fund, including investments in derivatives such as swaps (interest rate, total return, and credit default), options, and futures contracts and forward-settling securities, to adjust the fund's risk exposure.

Asset Class:

Bond

Style:

High Credit Quality, Moderate Interest Rate Sensitivity