Fidelity VIP Floating Rate High Income
Objective And StrategyObjective
The investment seeks a high level of current income.
The fund normally invests at least 80% of its assets in floating rate loans, which are often lower-quality debt securities, and other floating rate securities. It invests in companies in troubled or uncertain financial condition. The fund also invests in money market and investment-grade debt securities, and repurchase agreements. It invests in domestic and foreign issuers. The advisor uses fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
- Fund Prospectus and Other Forms