Fidelity VIP Value Leaders

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

AS OF 3/31/2015; MORNINGSTAR CATEGORY: LARGE VALUE
Returns 3 out of 5, 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 3/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FUEBC +4.66% +13.63% +16.27% +10.87% +4.71%
*AS OF 4/16/2015; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 03/31/2015; MORNINGSTAR CATEGORY: LARGE VALUE
Shows growth of hypothetical $10,000 investment in Fidelity VIP Value Leaders 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Sean P Gavin since 10/1/2014

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Normally investing at least 80% of assets in blue chip companies (companies whose stock is included in the S&P 500 or the Dow Jones Industrial Average, and companies with market capitalizations of at least $1 billion if not included in either index). Investing in securities of companies that FMR believes are undervalued in the marketplace in relation to factors such as assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry (stocks of these companies are often called "value" stocks). Normally investing primarily in common stocks of well-known and established 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
Subaccount Inception
8/15/2005
Unit Value
$15.92
4/16/2015
4/30/2014
Turnover Rate
171%
12/31/2014
Net Assets ($M)
$15.96
3/31/2015
12 Month Low-High
$13.28 - $15.75
3/31/2015

Top 10 Holdings

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AS OF 3/31/2015
Top 10 Holdings
TEVA PHARMACEUTICAL IND ADR
MEDTRONIC PLC
ORACLE CORP
BERKSHIRE HATHAWAY INC CL B
WELLS FARGO & CO
JPMORGAN CHASE & CO
SAMSUNG ELECTRONICS CO LTD
GOOGLE INC CL A
CIGNA CORP
TIME WARNER CABLE
% of Total Portfolio 34.86%
Total # of holdings: 51 as of 3/31/2015
Total # of issuers: 50 as of 3/31/2015

Quarter-End Average Annual Total Returns

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AS OF 3/31/2015; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.99% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Value Leaders 13.63% 16.27% 10.87% -- 4.71%
Russell 1000 Value 9.33% 16.44% 13.75% 7.21% --
Large Value 6.72% 13.60% 11.03% 5.20% --

© 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.