Fidelity VIP Contrafund

  • Trading Symbol: FPDFC
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Morningstar® Snapshot*

AS OF 7/31/2015; MORNINGSTAR CATEGORY: LARGE GROWTH
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 7/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FPDFC -1.50% +11.37% +16.87% +14.92% +8.06%
*AS OF 8/27/2015; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 07/31/2015; MORNINGSTAR CATEGORY: LARGE GROWTH
Shows growth of hypothetical $10,000 investment in Fidelity VIP Contrafund 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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 -- 11.32% 17.17% -42.74% 35.32% 16.80% -2.86% 16.05% 30.83% 11.57% 4.39%
Benchmark 4.91% 15.79% 5.49% -37.00% 26.46% 15.06% 2.11% 16.00% 32.39% 13.69% 3.35%
Category 6.65% 6.17% 13.30% -42.69% 35.55% 14.74% -4.12% 14.49% 33.31% 9.18% 7.07%
+/- Benchmark -- -4.47% 11.68% -5.74% 8.86% 1.74% -4.97% 0.05% -1.56% -2.12% 1.04%
+/- Category -- 5.15% 3.87% -0.05% -0.23% 2.06% 1.26% 1.56% -2.48% 2.39% -2.68%

Fund Manager(s)

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Douglas Simmons since 10/25/2007 Pierre Sorel since 10/25/2007 Robert A Lee since 10/25/2007 Robert E Stansky since 10/25/2007 Steven Kaye since 10/25/2007 Peter Saperstone since 3/8/2011 Tobias W Welo since 11/1/2011 Brian Lempel since 4/10/2013 Jonathan S Kasen since 6/29/2013 Mahantesh Kori since 6/29/2013

Fund Overview

Objective

Seeks long-term capital appreciation.

Strategy

Investing in securities of companies whose value FMR believes is not fully recognized by the public. Investing in either "growth" stocks or "value" stocks or both. 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.

Details

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Morningstar Category
Large Growth
Subaccount Inception
8/15/2005
Unit Value
$20.42
8/27/2015
4/30/2015
Turnover Rate
75%
6/30/2015
Net Assets ($M)
$731.81
7/31/2015
12 Month Low-High
$18.75 - $22.02
7/31/2015

Top 10 Holdings

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AS OF 6/30/2015
Top 10 Holdings
APPLE INC
CITIGROUP INC
DANAHER CORP
JPMORGAN CHASE & CO
GOOGLE INC CL C
CAPITAL ONE FINANCIAL CORP
AMETEK INC NEW
BANK OF AMERICA CORPORATION
ROPER TECHNOLOGIES INC
ALLERGAN PLC
% of Total Portfolio 19.70%
Total # of holdings: 266 as of 6/30/2015
Total # of issuers: 263 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):
0.71% AS OF 4/30/2015
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Contrafund 8.04% 16.95% 16.29% -- 8.00%
S&P 500 7.42% 17.31% 17.34% 7.89% --
Large Growth 8.75% 16.77% 16.05% 7.18% --

© 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.