Fidelity VIP Asset Manager: Growth

  • Trading Symbol: FAEEC
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Morningstar® Snapshot*

AS OF 6/30/2016; MORNINGSTAR CATEGORY: AGGRESSIVE ALLOCATION
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:5, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar.

Performance

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AS OF 6/30/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
FAEEC +0.67% -6.53% +6.02% +5.25% +5.37%
*AS OF 7/27/2016; Value is cumulative

Hypothetical Growth of $10,000

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AS OF 06/30/2016; MORNINGSTAR CATEGORY: AGGRESSIVE ALLOCATION
Shows growth of hypothetical $10,000 investment in Fidelity VIP Asset Manager: Growth fund over the selected time period

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, and reflect the effects of the annual annuity charge and the underlying fund's expenses. Figures do not reflect the effects of any applicable redemption fees, maintenance charges, or surrender fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data featured represents past performance, which is no guarantee of future results. Investment returns and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received. Fund performance fluctuates and currently may be significantly higher or lower than stated.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund 6.53% 18.48% -36.01% 32.35% 15.96% -6.51% 15.13% 22.00% 5.53% -0.24% -2.39%
Benchmark 15.79% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69% 1.38% 3.84%
Benchmark-2 12.06% 6.62% -26.95% 21.33% 12.32% 0.10% 12.84% 19.91% 6.50% 0.14% 2.99%
Category 11.18% 2.90% -28.79% 23.77% 11.05% -3.59% 12.40% 19.49% 3.94% -3.54% 1.42%
+/- Benchmark -9.26% 12.99% 0.99% 5.89% 0.90% -8.62% -0.87% -10.39% -8.16% -1.62% -6.23%
+/- Benchmark-2 -5.53% 11.86% -9.06% 11.02% 3.64% -6.61% 2.29% 2.09% -0.97% -0.38% -5.38%
+/- Category -4.65% 15.58% -7.22% 8.58% 4.91% -2.92% 2.73% 2.51% 1.59% 3.30% -3.81%

Fund Manager(s)

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Geoff D Stein since 6/1/2009 Robert Bertelson since 1/17/2006

Fund Overview

Objective

Seeks to maximize total return by allocating its assets among stocks, bonds, short-term instruments, and other investments.

Strategy

Maintaining a neutral mix over time of 70% of assets in stocks, 25% of assets in bonds, and 5% of assets in short-term and money market instruments, though FMR may overweight or underweight each asset class. Allocating the fund's assets among stocks, bonds, and short-term and money market instruments, either through direct investment or by investing in Fidelity central funds that hold such investments.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks, all of which are magnified in emerging markets. Lower-quality bonds can be more volatile and have greater risk of default than higher-quality bonds. Leverage can increase market exposure and magnify investment risk.

Details

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Morningstar Category
Aggressive Allocation
Unit Value
$17.66
7/27/2016
4/28/2016
Net Assets ($M)
$69.62
6/30/2016
12 Month Low-High
$15.48 - $18.67
6/30/2016

Portfolio Data

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Top 10 Holdings

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AS OF 6/30/2016
Top 10 Holdings
ISHARES CORE S&P 500 ETF
APPLE INC
GILEAD SCIENCES INC
CELGENE CORP
AT&T INC
EXXON MOBIL CORP
MICHAEL KORS HOLDINGS LTD
SOUTHWEST AIRLINES CO
MEDIVATION INC
ALEXION PHARMACEUTICALS INC
% of Total Portfolio 13.43%
Total # of holdings: 2326 as of 6/30/2016

Quarter-End Average Annual Total Returns

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AS OF 6/30/2016; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.79% AS OF 4/28/2016
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Asset Manager: Growth -6.53% 6.02% 5.25% 5.37% 5.07%
S&P 500 3.99% 11.66% 12.10% 7.42% --
Fid AM 70% Comp Idx 0.95% 7.14% 7.24% 5.68% --
Aggressive Allocation -3.58% 4.41% 4.71% 3.86% --

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