Fidelity VIP Growth Strategies

  • Trading Symbol: FQBRC
  • Information
    Shareholders and the Board of Trustees have approved an Agreement and Plan of Reorganization ("Agreement") between the VIP Growth Strategies Portfolio and VIP Mid Cap Portfolio. Shares of VIP Growth Strategies Portfolio will be exchanged for corresponding shares of VIP Mid Cap Portfolio on or about April 24, 2015. For more information, please see the prospectus.Shareholders and the Board of Trustees have approved an Agreement and Plan of Reorganization ("Agreement") between the VIP Growth Strategies Portfolio and VIP Mid Cap Portfolio. Shares of VIP Growth Strategies Portfolio will be exchanged for corresponding shares of VIP Mid Cap Portfolio on or about April 24, 2015. For more information, please see the prospectus.
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Morningstar® Snapshot*

AS OF 2/28/2015; MORNINGSTAR CATEGORY: MID-CAP 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
FQBRC +5.75% +17.13% +17.30% +15.41% +6.99%
*AS OF 3/25/2015; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 02/28/2015; MORNINGSTAR CATEGORY: MID-CAP GROWTH
Shows growth of hypothetical $10,000 investment in Fidelity VIP Growth Strategies 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Jean Park since 8/1/2013

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Normally investing in companies FMR believes offer the potential for accelerated earnings or revenue growth (stocks of these companies are often called "growth" stocks). Normally investing primarily in common stocks. Focusing investments in medium-sized companies, but may also invest substantially in larger or smaller companies.

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
Mid-Cap Growth
Subaccount Inception
8/15/2005
Unit Value
$19.10
3/25/2015
4/30/2014
4/30/2014
Turnover Rate
64%
12/31/2014
Net Assets ($M)
$17.18
2/28/2015
12 Month Low-High
$15.35 - $19.14
2/28/2015

Top 10 Holdings

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AS OF 12/31/2014
Top 10 Holdings
INTUIT INC
AMERISOURCEBERGEN CORP
WYNDHAM WORLDWIDE CORP
MEAD JOHNSON NUTRITION CO
MCGRAW HILL FINANCIAL INC
GNC HOLDINGS INC - CL A
SOUTHWEST AIRLINES CO
KROGER CO
AVAGO TECHNOLOGIES LTD
VF CORP
% of Total Portfolio 17.17%
Total # of holdings: 126 as of 12/31/2014
Total # of issuers: 126 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):
1.11% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Growth Strategies 13.31% 19.93% 14.27% -- 6.50%
Russell Midcap Growth 11.90% 20.71% 16.94% 9.43% --
Mid-Cap Growth 5.01% 16.59% 13.11% 7.02% --

© 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.