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Investment Options for Fidelity Personal Retirement Annuity®: Build Your Own Portfolio

Choose your own funds

Building your own portfolio may be a good choice for your FPRA assets if:

  • You prefer to do your own research and select your own investments.
  • You have the time to manage your portfolio on an ongoing basis.

On Fidelity.com, you have convenient access to pricing and performance information, along with powerful tools to help you monitor your portfolio and keep it on track.

About your fund choices

Choose from a wide range of Fidelity Variable Insurance Products (VIP) and non-Fidelity funds.

How you can manage them

Use Portfolio Review and Portfolio Analysis tools (requires account login) to monitor and manage your portfolio.

Change the underlying investments at any time.1

Funds you can choose

Whether you are a conservative or aggressive investor, Fidelity provides a wide range of VIP and non-Fidelity funds across different asset classes.

After you determine your target asset allocation for your FPRA, choose from these funds.

Money Market Portfolios Domestic Equity Portfolios4 International Equity Portfolios Asset Allocation Portfolios Sector Portfolios6
Fidelity VIP Government Money Market2

Large-Cap Value

Fidelity VIP Equity-Income

Fidelity VIP Value

Mid-Cap Value

Fidelity VIP Value Strategies

Large-Cap Blend

Fidelity VIP Growth & Income

Fidelity VIP Index 500

Small-Cap Blend

Fidelity VIP Disciplined Small Cap

Large-Cap Growth

Fidelity VIP Contrafund®

Fidelity VIP Dynamic Capital Appreciation

Fidelity VIP Growth

Fidelity VIP Growth Opportunities

Mid-Cap Growth

Fidelity VIP Mid Cap

Global Markets

Fidelity VIP International Capital Appreciation

Fidelity VIP Overseas

Invesco V.I. Global Core Equity

Emerging Markets

Fidelity VIP Emerging Markets

Lazard Retirement Emerging Markets Equity

Morgan Stanley Emerging Markets Equity

BlackRock Global Allocation V.I.

Fidelity VIP Asset Manager

Fidelity VIP Asset Manager: Growth

Fidelity VIP Balanced

Morgan Stanley Global Strategist5

Fidelity VIP Consumer Discretionary

Fidelity VIP Consumer Staples

Fidelity VIP Energy

Fidelity VIP Financial Services

Fidelity VIP Health Care

Fidelity VIP Industrials

Fidelity VIP Materials

Fidelity VIP Technology

Fidelity VIP Telecommunications

Fidelity VIP Utilities

Specialty Portfolio

Fidelity VIP Real Estate7

PIMCO VIT CommodityRealReturn Strategy

Fixed Income Portfolios

Fidelity VIP Floating Rate High Income3

Fidelity VIP High Income

Fidelity VIP Investment Grade Bond

Fidelity VIP Strategic Income

Franklin U.S. Government Securities VIP Fund

Morgan Stanley Emerging Markets Debt

PIMCO VIT Low Duration

PIMCO VIT Real Return

PIMCO VIT Total Return

Templeton Global Bond VIP Fund

Help with selecting your own investments

On Fidelity.com, you can access fund performance pages to find a variety of important information, including performance reports (average annual returns by quarter and month as well as short-term performance), Morningstar ratings, and daily pricing for annuity funds.

Click on any portfolio name and you’ll be able to pull up a comprehensive overview of the current fund details, including expenses, holdings, and objectives. These powerful resources make it faster and easier for you to compare choices and make your investment decisions.

Research FPRA funds on Fidelity.com.

Not ready to choose and manage your own investments?

We offer single-fund portfolios that do the work for you:

Before investing, consider the investment objectives, risks, charges, and expenses of the variable annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
Investing in a variable annuity involves risk of loss — investment returns and contract value are not guaranteed and will fluctuate.
1. Currently, you may make exchanges by telephone and/or internet on up to 18 days per calendar year. You may make exchanges on additional days only in writing to our Annuity Service Center. Certain Funds impose a 1% short-term redemption fee on interests in separate accounts held less than 60 days. For more details about this fee, including a list of funds that impose it, please refer to the prospectus.
2. An investment in the Fidelity VIP Government Money Market Portfolio is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the underlying fund seeks to preserve the value of investments at $1 per share, it is possible to lose money in the portfolio.
3. Lower quality bonds can be more volatile and have greater risk of default than higher quality bonds. Floating rate loans may not be fully collateralized and therefore may decline significantly in value.
4. Placement is based on each fund's Morningstar Category as of 3/31/2015. While the prospectus objective identifies a fund's investment goals based on the wording in the fund prospectus, the Morningstar Category classifies funds based on their investment styles as measured by their underlying portfolio holdings (portfolio statistics and compositions over the past three years). If the fund is new and has no portfolio, Morningstar estimates where it will fall before assigning a more permanent category. When necessary, Morningstar may change a category assignment based on current information.
5. Formerly known as Morgan Stanley Global Tactical Asset Allocation.
6. Investments in Fidelity VIP sector funds transferred or withdrawn in less than 60 days of purchase will be assessed a 1% fee, which is retained by the funds. Investing in sector funds may be more volatile because of their narrow investment concentration.
7. Changes in real estate values or economic conditions can have a positive or negative effect on issuers in the real estate industry, which may affect the fund. Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole.
Bond funds entail interest rate risk (as interest rates rise, bond prices usually fall), the risk of issuer default, issuer credit risk, and inflation risk. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds.
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.
Fidelity Personal Retirement Annuity (Policy Form No. DVA-2005, et al.) is issued by Fidelity Investments Life Insurance Company (FILI), 100 Salem Street, Smithfield, RI 02917, and, for New York residents, Personal Retirement Annuity (Policy Form No. EDVA-2005, et al.) is issued by Empire Fidelity Investments Life Insurance Company, New York, NY. FILI is licensed in all states except New York. Fidelity Brokerage Services, Member NYSE, SIPC, and Fidelity Insurance Agency, Inc. are the distributors. A contract's financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.
VIP refers to Variable Insurance Products.
VIT refers to Variable Insurance Trust.
© 2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data.