Fidelity VIP Balanced

  • Trading Symbol: FJBAC
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Morningstar® Snapshot*

AS OF 8/31/2014; MORNINGSTAR CATEGORY: MODERATE 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

*All data provided by Morningstar. Please click on each indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 8/31/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FJBAC -- +18.42% +13.64% +12.71% +7.43%
*AS OF 9/19/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 08/31/2014; MORNINGSTAR CATEGORY: MODERATE ALLOCATION
Shows growth of hypothetical $10,000 investment in Fidelity VIP Balanced 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

Fund Manager(s)

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Robert Stansky since 1/1/2014 Jonathan Kasen since 1/1/2014 Mahantesh Kori since 1/1/2014 Peter Saperstone since 1/1/2014 Brian Lempel since 1/1/2014 Tobias Welo since 1/1/2014 Douglas Simmons since 1/1/2014 Robert Lee since 1/1/2014 Pierre Sorel since 1/1/2014 Steven Kaye since 1/1/2014 Ford O'Neil since 7/21/2005

Fund Overview

Objective

Seeks income and capital growth consistent with reasonable risk.

Strategy

Investing approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other debt securities, including lower-quality debt securities, when its outlook is neutral. Investing at least 25% of total assets in fixed-income senior securities (including debt securities and preferred stock.) Engaging in transactions that have a leveraging effect on the fund.

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. Lower-quality bonds can be more volatile and have greater riskof default than higher-quality bonds. Leverage can increase market exposure and magnify investment risk.

Details

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Morningstar Category
Moderate Allocation
Subaccount Inception
8/15/2005
Unit Value
$19.13
9/18/2014
4/30/2014
Turnover Rate
54%
6/30/2014
Net Assets ($M)
$535.49
8/31/2014
12 Month Low-High
$16.21 - $19.13
8/31/2014

Fixed Income
Characteristics

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Top 10 Holdings

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AS OF 6/30/2014
Top 10 Holdings
APPLE INC
CHEVRON CORP
UST NOTES 1.25% 10/31/18
JPMORGAN CHASE & CO
GOOGLE INC CL C
USTN 1.5% 01/31/19
CAPITAL ONE FINANCIAL CORP
PROCTER & GAMBLE CO
MICROSOFT CORP
EXXON MOBIL CORP
% of Total Portfolio 14.02%
Total # of holdings: 1602 as of 6/30/2014

Quarter-End Average Annual Total Returns

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AS OF 6/30/2014; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.61% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Balanced 18.61% 10.26% 14.72% -- 7.34%

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