Quarterly Holdings Report
for
Fidelity® Variable Insurance Products:
Freedom Lifetime Income III Portfolio
March 31, 2019
Schedule of Investments March 31, 2019 (Unaudited)
Showing Percentage of Net Assets
| Domestic Equity Funds - 34.7% | |||
| Shares | Value | ||
| VIP Contrafund Portfolio Investor Class (a) | 57,709 | $1,863,418 | |
| VIP Equity-Income Portfolio Investor Class (a) | 92,465 | 1,951,926 | |
| VIP Growth & Income Portfolio Investor Class (a) | 114,809 | 2,230,730 | |
| VIP Growth Portfolio Investor Class (a) | 27,879 | 1,907,476 | |
| VIP Mid Cap Portfolio Investor Class (a) | 17,653 | 540,353 | |
| VIP Value Portfolio Investor Class (a) | 102,588 | 1,433,154 | |
| VIP Value Strategies Portfolio Investor Class (a) | 60,048 | 701,361 | |
| TOTAL DOMESTIC EQUITY FUNDS | |||
| (Cost $9,395,239) | 10,628,418 | ||
| International Equity Funds - 21.0% | |||
| VIP Emerging Markets Portfolio Investor Class (a) | 208,405 | 2,386,232 | |
| VIP Overseas Portfolio Investor Class (a) | 198,271 | 4,042,747 | |
| TOTAL INTERNATIONAL EQUITY FUNDS | |||
| (Cost $5,750,027) | 6,428,979 | ||
| Bond Funds - 36.8% | |||
| Fidelity Inflation-Protected Bond Index Fund (a) | 216,437 | 2,118,921 | |
| Fidelity Long Term Treasury Bond Index Fund (a) | 120,689 | 1,590,687 | |
| VIP High Income Portfolio Investor Class (a) | 111,718 | 588,754 | |
| VIP Investment Grade Bond Portfolio Investor Class (a) | 550,097 | 6,975,226 | |
| TOTAL BOND FUNDS | |||
| (Cost $11,134,755) | 11,273,588 | ||
| Short-Term Funds - 7.5% | |||
| VIP Government Money Market Portfolio Investor Class 2.23% (a)(b) | |||
| (Cost $2,309,983) | 2,309,983 | 2,309,983 | |
| TOTAL INVESTMENT IN SECURITIES - 100.0% | |||
| (Cost $28,590,004) | 30,640,968 | ||
| NET OTHER ASSETS (LIABILITIES) - 0.0% | 2 | ||
| NET ASSETS - 100% | $30,640,970 |
Legend
(a) Affiliated Fund
(b) The rate quoted is the annualized seven-day yield of the fund at period end.
Affiliated Underlying Funds
Fiscal year to date information regarding the Fund's investments in affiliated Underlying Funds, excluding any Money Market Central Funds, is presented below. Exchanges between classes of the same affiliated Underlying Funds may occur.
| Affiliate | Value, beginning of period | Purchases | Sales Proceeds | Dividend Income | Realized Gain (loss) | Change in Unrealized appreciation (depreciation) | Value, end of period |
| Fidelity Inflation-Protected Bond Index Fund | $1,955,119 | $134,043 | $33,795 | $2,077 | $(291) | $63,845 | $2,118,921 |
| Fidelity Long Term Treasury Bond Index Fund | 1,484,199 | 118,911 | 74,559 | 11,204 | 1,487 | 60,649 | 1,590,687 |
| VIP Contrafund Portfolio Investor Class | 1,743,110 | 222,085 | 136,176 | 216,346 | (419) | 34,818 | 1,863,418 |
| VIP Emerging Markets Portfolio Investor Class | 2,184,562 | 6,917 | 138,167 | -- | (4,001) | 336,921 | 2,386,232 |
| VIP Equity-Income Portfolio Investor Class | 1,829,047 | 137,126 | 97,517 | 130,381 | (11,558) | 94,828 | 1,951,926 |
| VIP Government Money Market Portfolio Investor Class 2.23% | 2,097,777 | 248,638 | 36,432 | 11,547 | -- | -- | 2,309,983 |
| VIP Growth & Income Portfolio Investor Class | 2,085,255 | 265,225 | 147,405 | 232,496 | 7,266 | 20,389 | 2,230,730 |
| VIP Growth Portfolio Investor Class | 1,781,720 | 128,326 | 168,035 | 122,456 | 9,494 | 155,971 | 1,907,476 |
| VIP High Income Portfolio Investor Class | 593,106 | 10,777 | 53,900 | 4,878 | (2,309) | 41,080 | 588,754 |
| VIP Investment Grade Bond Portfolio Investor Class | 6,454,380 | 455,125 | 144,897 | 29,304 | 45 | 210,573 | 6,975,226 |
| VIP Mid Cap Portfolio Investor Class | 505,352 | 68,420 | 47,394 | 58,756 | (2,844) | 16,819 | 540,353 |
| VIP Overseas Portfolio Investor Class | 3,757,947 | 196,477 | 179,315 | 147,296 | (15,665) | 283,303 | 4,042,747 |
| VIP Value Portfolio Investor Class | 1,342,879 | 104,620 | 113,195 | 91,605 | (3,982) | 102,832 | 1,433,154 |
| VIP Value Strategies Portfolio Investor Class | 654,186 | 71,144 | 67,378 | 68,071 | (9,122) | 52,531 | 701,361 |
| Total | $28,468,639 | $2,167,834 | $1,438,165 | $1,126,417 | $(31,899) | $1,474,559 | $30,640,968 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Valuation techniques used to value the Fund's investments by major category are as follows:
Investments in the Underlying Funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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