Fidelity VIP Financial Services

  • Trading Symbol: FONNC
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Morningstar® Snapshot*

AS OF 9/30/2014; MORNINGSTAR CATEGORY: FINANCIAL
Returns 3 out of 5, Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:7, 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 9/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FONNC +1.84% +15.91% +24.75% +8.22% +0.21%
*AS OF 10/22/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 09/30/2014; 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

Fund Manager(s)

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Christopher 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
$9.96
10/22/2014
4/30/2014
Turnover Rate
69%
6/30/2014
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$34.93
9/30/2014
12 Month Low-High
$8.65 - $10.45
9/30/2014

Top 10 Holdings

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AS OF 9/30/2014
Top 10 Holdings
BANK OF AMERICA CORPORATION
JPMORGAN CHASE & CO
CITIGROUP INC
BERKSHIRE HATHAWAY INC CL B
US BANCORP DEL
CAPITAL ONE FINANCIAL CORP
AMERICAN TOWER CORP
WELLS FARGO & CO
METLIFE INC
INVESCO LTD
% of Total Portfolio 39.92%
Total # of holdings: 67 as of 9/30/2014
Total # of issuers: 67 as of 9/30/2014

Quarter-End Average Annual Total Returns

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AS OF 9/30/2014; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.93% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Financial Services 15.91% 24.75% 8.22% -- 0.21%

© 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.