Fidelity VIP Value Strategies

  • Trading Symbol: FRBSC
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Morningstar® Snapshot*

AS OF 10/31/2014; MORNINGSTAR CATEGORY: MID-CAP VALUE
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 10/31/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FRBSC +6.89% +10.99% +19.68% +16.96% +7.21%
*AS OF 11/25/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 10/31/2014; MORNINGSTAR CATEGORY: MID-CAP VALUE
Shows growth of hypothetical $10,000 investment in Fidelity VIP Value 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Thomas Soviero since 5/1/2010

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing in securities of companies that FMR believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, or growth potential (stocks of these companies are often called "value" stocks). Normally investing primarily in common stocks. Focusing investments in medium-sized companies, but also may 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. Value stocks can perform differently than other types of stocks and can continue to be undervalued by the market for long periods of time.

Details

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Morningstar Category
Mid-Cap Value
Subaccount Inception
8/15/2005
Unit Value
$19.39
11/25/2014
4/30/2014
Turnover Rate
5%
6/30/2014
Net Assets ($M)
$46.54
10/31/2014
12 Month Low-High
$16.93 - $19.66
10/31/2014

Top 10 Holdings

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AS OF 9/30/2014
Top 10 Holdings
LYONDELLBASELL INDS CLASS A
SANOFI SPON ADR
BANK OF AMERICA CORPORATION
APPLE INC
SYMANTEC CORP
DELPHI AUTOMOTIVE PLC
GENERAL MOTORS CO
US BANCORP DEL
ALLIANT TECHSYSTEMS INC
AFLAC INC
% of Total Portfolio 33.86%
Total # of holdings: 88 as of 9/30/2014
Total # of issuers: 88 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):
0.76% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Value Strategies 14.53% 24.86% 15.56% -- 7.27%

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