Hands-Off Investing Approach for Fidelity Personal Retirement Annuity®

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Choose from two single-fund strategy approaches

Choose by risk tolerance

You choose a fund for FPRA that fits your tolerance for risk—we choose the investments.1

One of our risk-based funds may be a good choice if you:

  • Want to align your FPRA investment with a specific asset allocation
  • Don't have the time to research investment options and track your annuity portfolio
  • Want exposure to multiple asset classes in a single investment2

Choose by target date

You choose the fund that corresponds to the approximate year you want to retire—we choose the investments.1

One of our target date funds may be a good choice if you:

  • Would like your FPRA investments to automatically "roll down" (gradually become more conservative) as you approach your retirement year
  • Are currently retired and want a conservative investment mix
  • Don't have the time to research investment options and track your annuity portfolio
  • Want exposure to multiple asset classes in a single investment2
Your risk-based portfolio choices

VIP FundsManager® Portfolios4 include five different portfolios with equity allocation targets ranging from 20% to 85%.

VIP Asset Manager Portfolios include two different portfolios with equity allocation targets of 50% and 70%.

VIP Balanced Portfolio5 invests approximately 60% of its assets in equities, with the remainder in fixed income securities.

How they're managed

Invested according to a target asset allocation

Diversified across the major asset classes (stocks, bonds, and cash)

Actively managed

What they invest in

VIP FundsManager® Portfolios utilize a "fund-of-funds" approach, investing across a mix of Fidelity domestic equity, international equity, fixed income, and money-market funds.

VIP Asset Manager Portfolios and VIP Balanced Portfolio5 invest in individual stocks, bonds, and short term instruments.

Your target date choices

Choose from six portfolios3 targeting different retirement years:

  • Fidelity® VIP Investor Freedom 2005 PortfolioSM
  • Fidelity® VIP Investor Freedom 2010 PortfolioSM
  • Fidelity® VIP Investor Freedom 2015 PortfolioSM
  • Fidelity® VIP Investor Freedom 2020 PortfolioSM
  • Fidelity® VIP Investor Freedom 2025 PortfolioSM
  • Fidelity® VIP Investor Freedom 2030 PortfolioSM

And one designed for those in retirement, Fidelity® VIP Investor Freedom Income PortfolioSM.

What they invest in

Each portfolio is a diversified mix of Fidelity Variable Insurance Products (VIP) short-term, fixed income, domestic equity, and international equity funds.

  • The farther from the portfolio's target year, the higher the equity allocation of the portfolio.
  • The closer to the portfolio's target year and beyond, the more conservative the allocation of the portfolio becomes, until it ultimately merges with Fidelity VIP Investor Freedom Income.
How they're managed

Fidelity handles the asset allocation and investment decisions and manages the roll-down using a proprietary approach. As with all funds available for FPRA, principal invested is not guaranteed at any time, including at or after a portfolio's target date.