Morningstar® Investment Profile™   Morningstar®
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Fidelity® VIP Growth Initial
Release date as of 2022-08-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-08-31
Out of 1140
Large Growth Funds
Morningstar®
Style Box™
What is this?
As of 2022-07-31
Total Fund Assets ($ Mil)
7,184.5
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to achieve capital appreciation.
The fund primarily invests in common stocks. It invests in companies that the adviser believes have above-average growth potential (stocks of these companies are often called "growth" stocks). The fund invests in domestic and foreign issuers. It uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
  Morningstar Category: Large Growth
Large-growth portfolios invest primarily in big U.S. companies that are projected to grow faster than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Most of these portfolios focus on companies in rapidly expanding industries. 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 89.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 8.6
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.0
Bullet Other Other 0.3
Asset Allocation Rescaled Graph
Data through 2022-07-31
Morningstar Equity Sectors
% of Stocks
Cyclical 19.62
Basic Materials 3.85
Consumer Cyclical 9.21
Financial Services 5.75
Real Estate 0.81
Sensitive 56.20
Communication Services 13.24
Energy 4.40
Industrials 6.09
Technology 32.47
Defensive 24.17
Consumer Defensive 5.10
Healthcare 18.53
Utilities 0.54
Data through 2022-07-31
Holding Status
Total Number of Stock Holdings 175
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 44.59
Turnover % (as of 2021-12-31) 45.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Microsoft Corp 27.10 11.26
Alphabet Inc Class A 20.15 7.49
UnitedHealth Group Inc 27.13 5.45
Amazon.com Inc 114.16 5.22
Apple Inc 25.99 5.03
Vertex Pharmaceuticals Inc 22.81 2.58
Fidelity Revere Str Tr --- --- 2.03
Adobe Inc 36.47 2.02
Qualcomm Inc 11.73 1.77
Universal Music Group NV --- 1.74
Data through 2022-07-31
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Issuer, Market/Market Volatility, Equity Securities
Show Risk Definitions
  Other Information
Inception Date: 1986-10-09
Portfolio Manager(s)
Asher Anolic   (2017-07-01)
Asher Anolic is co-manager of the VIP Growth Portfolio, which he has managed since July 2017. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Anolic has worked as a research analyst and portfolio manager. Prior to joining Fidelity Investments in 2008, Mr. Anolic worked for Bear Stearns as a research analyst.
Jason Weiner   (2006-11-20)
Jason Weiner is co-manager of the fund, which he has managed since November 2006. He also manages Fidelity funds. Since joining Fidelity Investments in 1991, Mr. Weiner has worked as a research analyst and portfolio manager (other than a 6-month leave of absence in 2018).
Investment Advisor(s)
Fidelity Management & Research Company LLC
Issuer
Fidelity Investments
Subadvisor(s)
FMR Investment Management (U.K.) Limited
Fidelity Management & Research (Japan) Limited
Fidelity Management & Research (HK) Ltd
Show Data Definitions

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