Fidelity VIP Financial Services

  • Trading Symbol: FONNC
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Morningstar® Snapshot*

AS OF 6/30/2015; MORNINGSTAR CATEGORY: FINANCIAL
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:7, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar.

Performance

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AS OF 7/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FONNC +2.40% +11.26% +18.46% +10.38% +1.02%
*AS OF 7/31/2015; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 07/31/2015; MORNINGSTAR CATEGORY: FINANCIAL
Shows growth of hypothetical $10,000 investment in Fidelity VIP Financial Services 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund -- 15.83% -13.81% -50.30% 26.98% 6.97% -20.66% 28.04% 33.40% 10.48% 2.40%

Fund Manager(s)

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Christopher T Lee since 5/21/2013

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing primarily in companies that provide financial services to consumers and industry. Normally investing at least 80% of assets in securities of companies principally engaged in these activities. Normally investing primarily common stocks.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The financials industries are subject to extensive government regulation, can be subject to relatively rapid change due to increasingly blurred distinctions between service segments, and can be significantly affected by availability and cost of capital funds, changes in interest rates, the rate of corporate and consumer debt defaults, and price competition.

Details

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Morningstar Category
Financial
Subaccount Inception
8/15/2005
Unit Value
$11.06
7/31/2015
4/30/2015
Turnover Rate
58%
12/31/2014
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$40.04
6/30/2015
12 Month Low-High
$9.70 - $11.25
7/31/2015

Top 10 Holdings

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AS OF 6/30/2015
Top 10 Holdings
JPMORGAN CHASE & CO
BANK OF AMERICA CORPORATION
CITIGROUP INC
BERKSHIRE HATHAWAY INC CL B
CAPITAL ONE FINANCIAL CORP
US BANCORP DEL
WELLS FARGO & CO
AMERICAN TOWER CORP
ACE LTD
CBRE GROUP INC - CL A
% of Total Portfolio 40.11%
Total # of holdings: 62 as of 6/30/2015
Total # of issuers: 61 as of 6/30/2015

Quarter-End Average Annual Total Returns

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AS OF 6/30/2015; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.81% AS OF 4/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Financial Services 7.87% 18.10% 11.52% -- 0.84%
S&P 500 7.42% 17.31% 17.34% 7.89% --
MSCI IMI Financials 25/50 9.04% 19.36% 14.27% 1.67% --
Financial 6.91% 16.55% 11.02% -0.81% --

© 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.