Fidelity VIP Technology

  • Trading Symbol: FYENC
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Morningstar® Snapshot*

AS OF 11/30/2014; 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. Please click on the indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 11/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FYENC +12.09% +18.90% +17.95% +15.90% +10.25%
*AS OF 12/19/2014; Value is cumulative
SUBACCOUNT INCEPTION 8/15/2005

Hypothetical Growth of $10,000

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AS OF 11/30/2014; 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

Fund Manager(s)

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Charlie Chai since 7/21/2005

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
$24.51
12/19/2014
4/30/2014
Turnover Rate
86%
6/30/2014
Redemption Fee
1.00%
Redemption Period
60 Days
Net Assets ($M)
$91.02
11/30/2014
12 Month Low-High
$20.67 - $24.80
11/30/2014

Top 10 Holdings

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AS OF 9/30/2014
Top 10 Holdings
APPLE INC
FACEBOOK INC A
GOOGLE INC CL A
GOOGLE INC CL C
MICROSOFT CORP
ADOBE SYSTEMS INC
FIDELITY NATL INFORM SVCS INC
NAVER CORP
BAIDU INC SPON ADR
CONCUR TECHNOLOGIES INC
% of Total Portfolio 38.52%
Total # of holdings: 273 as of 9/30/2014
Total # of issuers: 270 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):
0.81% AS OF 4/30/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Fidelity VIP Technology 19.06% 20.03% 15.89% -- 10.06%
S&P 500 19.73% 22.99% 15.70% 8.11% --
MSCI IMI Info Tech 25/50 25.52% 22.22% 16.04% 10.11% --
Technology 17.83% 18.85% 13.15% 7.52% --

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