Fidelity VIP Growth & Income

  • Trading Symbol: FLFNC
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Morningstar® Snapshot*

AS OF 1/31/2016; MORNINGSTAR CATEGORY: LARGE BLEND
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar.

Performance

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AS OF 1/31/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
FLFNC -8.92% -4.75% +8.23% +9.26% +5.06%
*AS OF 2/5/2016; Value is cumulative

Hypothetical Growth of $10,000

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AS OF 01/31/2016; MORNINGSTAR CATEGORY: LARGE BLEND
Shows growth of hypothetical $10,000 investment in Fidelity VIP Growth & Income 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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 12.67% 11.77% -41.95% 26.84% 14.44% 1.28% 18.16% 33.18% 10.06% -2.57% -6.61%
Benchmark 15.79% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69% 1.38% -4.96%
Category 12.74% 4.33% -39.44% 27.61% 12.90% -2.85% 13.58% 30.60% 9.62% -1.68% -5.28%
+/- Benchmark -3.12% 6.28% -4.95% 0.38% -0.62% -0.83% 2.16% 0.79% -3.63% -3.95% -1.65%
+/- Category -0.07% 7.44% -2.51% -0.77% 1.54% 4.13% 4.58% 2.58% 0.44% -0.89% -1.33%

Fund Manager(s)

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Matt Fruhan since 2/1/2011

Fund Overview

Objective

Seeks high total return through a combination of current income and capital appreciation.

Strategy

Normally investing a majority of assets in common stocks with a focus on those that pay current dividends and show potential for capital appreciation. Investing in either "growth" stocks or "value" stocks or both. Potentially investing in bonds, including lower-quality debt securities, as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation.

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 risk of default than higher-quality bonds.

Details

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Morningstar Category
Large Blend
Subaccount Inception
8/15/2005
Unit Value
$17.34
2/5/2016
4/30/2015
Turnover Rate
35%
6/30/2015
Net Assets ($M)
$93.32
1/31/2016
12 Month Low-High
$16.92 - $20.52
1/31/2016

Top 10 Holdings

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AS OF 12/31/2015
Top 10 Holdings
JPMORGAN CHASE & CO
GENERAL ELECTRIC CO
MICROSOFT CORP
APPLE INC
BANK OF AMERICA CORPORATION
CITIGROUP INC
PROCTER & GAMBLE CO
CHEVRON CORP
JOHNSON & JOHNSON
QUALCOMM INC
% of Total Portfolio 28.31%
Total # of holdings: 190 as of 12/31/2015
Total # of issuers: 179 as of 12/31/2015

Quarter-End Average Annual Total Returns

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AS OF 12/31/2015; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.67% AS OF 4/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Growth & Income -2.57% 12.61% 11.31% 6.13% 6.40%
S&P 500 1.38% 15.13% 12.57% 7.31% --
Large Blend -1.68% 12.20% 9.49% 5.07% --

© 2015 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.