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Investment Options for Fidelity Personal Retirement Annuity®: By Risk Tolerance

Choose a portfolio for FPRA that fits your tolerance for risk—we choose the investments.1

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

  • You want to align your FPRA investment with a specific asset allocation.
  • You don't have the time to research investment options and track your annuity portfolio.
  • You want exposure to multiple asset classes in a single investment.2
Your risk-based portfolio choices

VIP FundsManager® Portfolios3 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 Portfolio4 invests approximately 60% of its assets in equities, with the remainder in fixed income securities.

How they are 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 Portfolio invest in individual stocks, bonds, and short term instruments.

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. The performance of Fidelity VIP FundsManager portfolios 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.
4. VIP Balanced Fund does not have a target fixed income or short term allocation, but must (per fund policies) hold a minimum 25% of its assets in fixed income securities.
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.
Investing in a variable annuity involves risk of loss—investment returns and contract value are not guaranteed and will fluctuate.
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.
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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