Fidelity VIP Value

  • Trading Symbol: FKMSC
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Morningstar® Snapshot*

AS OF 6/30/2014; MORNINGSTAR CATEGORY: LARGE VALUE
Returns 5 out of 5, High Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:6, 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 6/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FKMSC +7.57% +23.57% +16.47% +20.81% +6.62%
*AS OF 7/25/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 06/30/2014; MORNINGSTAR CATEGORY: LARGE VALUE
Shows growth of hypothetical $10,000 investment in Fidelity VIP Value 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Matthew Friedman since 1/12/2012

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing in securities of companies that FMR believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). Normally investing primarily in common stocks.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time.

Details

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Morningstar Category
Large Value
Subaccount Inception
8/15/2005
Unit Value
$17.69
7/25/2014
4/30/2014
Turnover Rate
96%
12/31/2013
Net Assets ($M)
$58.68
6/30/2014
12 Month Low-High
$14.34 - $17.73
6/30/2014

Top 10 Holdings

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AS OF 6/30/2014
Top 10 Holdings
JPMORGAN CHASE & CO
CHEVRON CORP
CITIGROUP INC
BERKSHIRE HATHAWAY INC CL B
BANK OF AMERICA CORPORATION
US BANCORP DEL
GENERAL ELECTRIC CO
BRITISH AMERICAN TOB PLC ADR
COVIDIEN PLC
OCCIDENTAL PETROLEUM CORP
% of Total Portfolio 21.88%
Total # of holdings: 106 as of 6/30/2014
Total # of issuers: 106 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):
0.78% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Value 23.57% 16.47% 20.81% -- 6.62%

© 2013 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.