Fidelity VIP Consumer Discretionary

  • Trading Symbol: FVHAC
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Morningstar® Snapshot*

AS OF 3/31/2014; MORNINGSTAR CATEGORY: CONSUMER CYCLICAL
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Expenses Not available
Not Available
Risk of this Category Category Risk Rating:7, where 1 is Lower and 10 is Higher
LOWER HIGHER

*All data provided by Morningstar. Please click on each indicator above to learn more about comparison groups and methodology.

Expense data not reported by Morningstar.

Performance

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AS OF 3/31/2014; *YTD AS OF 4/22/2014; **SUBACCOUNT INCEPTION 8/15/2005
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life of Fund**
FVHAC -1.76% +25.58% +17.70% +25.55% +8.59%

Hypothetical Growth of $10,000

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AS OF 03/31/2014; MORNINGSTAR CATEGORY: CONSUMER CYCLICAL
Shows growth of hypothetical $10,000 investment in Fidelity VIP Consumer Discretionary 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Gordon Scott since 5/1/2012

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing primarily in companies engaged in the manufacture and distribution of consumer discretionary products and services. Normally investing at least 80% of assets in securities of companies principally engaged in these activities. Normally investing primarily in common stocks.

Risk

Stock markets, especially foreign markets, are volatile and can decline significantly in response to issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The consumer discretionary industries can be significantly affected by the performance of the overall economy, interest rates, competition, consumer confidence and spending, and changes in demographics and consumer tastes. The fund may have additional volatility because it can invest a significant portion of assets in securities of a small number of individual issuers.

Details

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Morningstar Category
Consumer Cyclical
Subaccount Inception
8/15/2005
Unit Value
$20.11
4/22/2014
Turnover Rate
122%
12/31/2013
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$55.52
3/31/2014
12 Month Low-High
$16.05 - $20.83
3/31/2014

Top 10 Holdings

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AS OF 3/31/2014
Top 10 Holdings
DISNEY (WALT) CO
TWENTY FIRST CENTURY FOX INC-A
MCDONALDS CORP
DOLLAR GENERAL CORP
DIRECTV
TIME WARNER INC
ROSS STORES INC
YUM BRANDS INC
VIACOM INC CL B
WYNDHAM WORLDWIDE CORP
% of Total Portfolio 36.55%
out of 51 holdings
View Composition

Quarter-End Average Annual Total Returns

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AS OF 3/31/2014; *SUBACCOUNT INCEPTION 8/15/2005

EXPENSE RATIO (GROSS):Glossary definition opens in new window.
0.96% AS OF 4/30/2013
1 Yr 3 Yr 5 Yr 10 Yr Life of Fund*
Fidelity VIP Consumer Discretionary 25.58% 17.70% 25.55% -- 8.59%

© 2013 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.