Fidelity VIP Value Strategies

  • Trading Symbol: FRBSC
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Morningstar® Snapshot*

AS OF 6/30/2016; MORNINGSTAR CATEGORY: LARGE 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.

Performance

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AS OF 6/30/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
FRBSC +4.62% -8.21% +6.08% +7.81% +5.79%
*AS OF 7/25/2016; Value is cumulative

Hypothetical Growth of $10,000

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AS OF 06/30/2016; MORNINGSTAR CATEGORY: LARGE 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund 15.89% 5.26% -51.33% 57.12% 26.20% -9.15% 26.89% 30.12% 6.40% -3.31% 0.08%
Benchmark 20.22% -1.42% -38.44% 34.21% 24.75% -1.38% 18.51% 33.46% 14.75% -4.78% 8.87%
Category 16.48% 0.00% -37.72% 22.68% 12.10% -1.73% 14.38% 30.74% 8.96% -5.31% 3.08%
+/- Benchmark -4.33% 6.68% -12.89% 22.91% 1.45% -7.77% 8.38% -3.34% -8.35% 1.47% -8.79%
+/- Category -0.59% 5.26% -13.61% 34.44% 14.10% -7.42% 12.51% -0.62% -2.56% 2.00% -3.00%

Fund Manager(s)

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Tom T 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
Large Value
Unit Value
$19.52
7/25/2016
4/28/2016
Net Assets ($M)
$56.22
6/30/2016
12 Month Low-High
$15.61 - $20.56
6/30/2016

Top 10 Holdings

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AS OF 6/30/2016
Top 10 Holdings
LYONDELLBASELL INDS CLASS A
CITIGROUP INC
BANK OF AMERICA CORPORATION
BOSTON SCIENTIFIC CORP
COTT CORP
US BANCORP DEL
UNIVERSAL HEALTH SVCS INC CL B
GENERAL MOTORS CO
ST JUDE MEDICAL INC
WESTROCK CO
% of Total Portfolio 35.55%
Total # of holdings: 70 as of 6/30/2016
Total # of issuers: 70 as of 6/30/2016

Quarter-End Average Annual Total Returns

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AS OF 6/30/2016; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.75% AS OF 4/28/2016
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Value Strategies -8.21% 6.08% 7.81% 5.79% 5.91%
Russell Midcap Value 3.25% 11.00% 11.70% 7.79% --
Large Value -2.02% 6.65% 8.24% 4.00% --

© 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.