Fidelity VIP Telecommunications

  • Trading Symbol: FVTAC
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Morningstar® Snapshot*

AS OF 8/31/2014; MORNINGSTAR CATEGORY: COMMUNICATIONS
Returns 5 out of 5, High Returns
LOW AVG HIGH
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.

Performance

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AS OF 9/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FVTAC +1.96% +8.41% +16.38% +12.65% +3.55%
*AS OF 9/30/2014; Value is cumulative
SUBACCOUNT INCEPTION 4/30/2007

Hypothetical Growth of $10,000

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AS OF 09/30/2014; MORNINGSTAR CATEGORY: COMMUNICATIONS
Shows growth of hypothetical $10,000 investment in Fidelity VIP Telecommunications 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Matthew Drukker since 1/19/2013

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing primarily in companies engaged in the development, manufacture, or sale of communications services or communications equipment. Normally investing at least 80% of assets in securities of companies principally engaged in these activities, generally emphasizing communications services companies and not communications equipment companies. Normally investing primarily in common stocks.

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. The telecom services industry is subject to government regulation of rates of return and services that may be offered and can be significantly affected by intense competition. 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
Communications
Subaccount Inception
4/30/2007
Unit Value
$12.96
9/30/2014
4/30/2014
4/30/2014
Turnover Rate
112%
6/30/2014
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$10.49
8/31/2014
12 Month Low-High
$11.75 - $13.48
9/30/2014

Top 10 Holdings

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AS OF 6/30/2014
Top 10 Holdings

Quarter-End Average Annual Total Returns

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AS OF 9/30/2014; *SUBACCOUNT INCEPTION 4/30/2007 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
1.07% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Telecommunications 8.41% 16.38% 12.65% -- 3.55%

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