Fidelity VIP Utilities

  • Trading Symbol: FXRRC
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Morningstar® Snapshot*

AS OF 9/30/2014; MORNINGSTAR CATEGORY: UTILITIES
Returns 3 out of 5, Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:5, 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 9/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FXRRC +15.82% +20.36% +16.51% +14.30% +8.79%
*AS OF 10/23/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 09/30/2014; MORNINGSTAR CATEGORY: UTILITIES
Shows growth of hypothetical $10,000 investment in Fidelity VIP Utilities 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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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Douglas Simmons since 10/1/2006

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing primarily in companies in the utilities industry and companies deriving a majority of their revenues from their utility operations. Normally investing at least 80% of assets in securities of companies principally engaged in these activities, generally emphasizing power and gas utilities and not telephone companies and telecommunications utilities. 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 utilities industries can be significantly affected by government regulation, financing difficulties, supply and demand of services or fuel, and natural resource conservation. 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
Utilities
Subaccount Inception
8/15/2005
Unit Value
$21.83
10/23/2014
4/30/2014
Turnover Rate
107%
6/30/2014
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$48.59
9/30/2014
12 Month Low-High
$17.82 - $22.58
9/30/2014

Top 10 Holdings

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AS OF 9/30/2014
Top 10 Holdings
DOMINION RESOURCES INC VA
NEXTERA ENERGY
SEMPRA ENERGY
EXELON CORP
PPL CORPORATION
OGE ENERGY CORP
NISOURCE INC
PG&E CORP
EDISON INTL
WILLIAMS COMPANIES INC
% of Total Portfolio 63.95%
Total # of holdings: 29 as of 9/30/2014
Total # of issuers: 29 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):
0.82% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Utilities 20.36% 16.51% 14.30% -- 8.79%

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