Fidelity VIP Technology

  • Trading Symbol: FYENC
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Morningstar® Snapshot*

AS OF 3/31/2016; MORNINGSTAR CATEGORY: TECHNOLOGY
Returns 4 out of 5, Above Average Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:7, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar.

Performance

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AS OF 4/30/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr 10 Yr
FYENC -4.07% -4.31% +12.25% +6.70% +7.59%
*AS OF 4/29/2016; Value is cumulative

Hypothetical Growth of $10,000

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AS OF 04/30/2016; MORNINGSTAR CATEGORY: TECHNOLOGY
Shows growth of hypothetical $10,000 investment in Fidelity VIP Technology 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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 7.83% 14.86% -50.97% 95.44% 27.33% -10.15% 17.22% 27.41% 11.58% 5.82% -4.07%
Benchmark-2 9.21% 15.13% -42.76% 62.18% 13.09% 0.66% 14.24% 31.09% 18.17% 5.10% -3.19%
+/- Benchmark-2 -1.38% -0.27% -8.21% 33.26% 14.24% -10.81% 2.98% -3.68% -6.59% 0.72% -0.88%

Fund Manager(s)

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Charlie Chai since 1/12/2005

Fund Overview

Objective

Seeks capital appreciation.

Strategy

Investing primarily in companies which FMR believes have, or will develop, products, processes or services that will provide or will benefit significantly from technological advances and improvements. 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 adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks. The technology industries can be significantly affected by obsolescence of existing technology, short product cycles, falling prices and profits, competition from new market entrants, and general economic conditions. 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
Technology
Subaccount Inception
8/15/2005
Unit Value
$24.77
4/29/2016
4/28/2016
Turnover Rate
68%
12/31/2015
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$114.90
3/31/2016
12 Month Low-High
$21.52 - $26.96
4/30/2016

Top 10 Holdings

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AS OF 3/31/2016
Top 10 Holdings
APPLE INC
ALPHABET INC CL C
FACEBOOK INC A
ALPHABET INC CL A
YAHOO INC
ALIBABA GROUP HLD LTD SPON ADR
VISA INC CL A
MARVELL TECHNOLOGY GROUP LTD
SALESFORCE.COM INC
MICRON TECHNOLOGY INC
% of Total Portfolio 42.29%
Total # of holdings: 251 as of 3/31/2016
Total # of issuers: 247 as of 3/31/2016

Quarter-End Average Annual Total Returns

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AS OF 3/31/2016; *SUBACCOUNT INCEPTION 8/15/2005 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.77% AS OF 4/28/2016
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Technology -0.36% 12.55% 7.96% 7.71% 9.15%
S&P 500 1.78% 11.82% 11.58% 7.01% --
MSCI IMI Info Tech 25/50 5.04% 16.19% 12.75% 9.07% --
Technology -2.56% 11.44% 7.59% 5.42% --

© 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.