Fidelity VIP Contrafund

  • Trading Symbol: FPDFC
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Morningstar® Snapshot*

AS OF 1/31/2015; 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. Please click on the indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 2/28/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FPDFC +3.83% +12.80% +16.50% +15.03% +8.30%
*AS OF 3/2/2015; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 02/28/2015; 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

Fund Manager(s)

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

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
$21.52
3/2/2015
4/30/2014
Turnover Rate
74%
12/31/2014
Net Assets ($M)
$681.60
1/31/2015
12 Month Low-High
$18.24 - $21.48
2/28/2015

Top 10 Holdings

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AS OF 12/31/2014
Top 10 Holdings
APPLE INC
GOOGLE INC CL C
BANK OF AMERICA CORPORATION
CITIGROUP INC
PROCTER & GAMBLE CO
CAPITAL ONE FINANCIAL CORP
JPMORGAN CHASE & CO
CHEVRON CORP
QUALCOMM INC
TWENTY FIRST CENTURY FOX INC-A
% of Total Portfolio 18.89%
Total # of holdings: 267 as of 12/31/2014
Total # of issuers: 263 as of 12/31/2014

Quarter-End Average Annual Total Returns

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AS OF 12/31/2014; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.72% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Contrafund 11.57% 19.21% 13.96% -- 8.08%
S&P 500 13.69% 20.41% 15.45% 7.67% --
Large Growth 9.18% 18.67% 13.03% 6.60% --

© 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.