Morningstar® Investment Profile™   Morningstar®
Disclosure
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for Print
Fidelity® VIP Extended Mkt Idx Initial
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 372
Mid-Cap Blend Funds
Morningstar®
Style Box™
What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
168.4
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide investment results that correspond to the total return of stocks of mid- to small-capitalization U.S. companies.
The fund normally invests at least 80% of assets in common stocks included in the Fidelity U.S. Extended Investable Market Index℠, which is a float-adjusted market capitalization-weighted index designed to reflect the performance of U.S. mid- and small-cap stocks.
  Morningstar Category: Mid-Cap Blend
The typical mid-cap blend portfolio invests in U.S. stocks of various sizes and styles, giving it a middle-of the-road profile. Most shy away from high-priced growth stocks but aren't so price-conscious that they land in value territory. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. 
  Investment Risks
Mid Cap Funds: The securities of companies with market capitalizations below $10 billion may be more volatile and less liquid than the securities of larger companies.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 95.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.3
Bullet Bonds Bonds 0.2
Bullet Cash Cash 3.1
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 43.41
Basic Materials 4.33
Consumer Cyclical 14.21
Financial Services 14.81
Real Estate 10.06
Sensitive 37.81
Communication Services 3.60
Energy 4.39
Industrials 15.70
Technology 14.12
Defensive 18.76
Consumer Defensive 4.10
Healthcare 11.98
Utilities 2.68
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 2440
Total Number of Bond Holdings 1
% of Net Assets in Top 10 Holdings 8.50
Turnover % (as of 2021-12-31) 27.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Fidelity Revere Str Tr --- --- 3.18
E-mini S&P MidCap 400 Future June 22 --- --- 1.90
E-mini Russell 2000 Index Future June 22 --- --- 1.53
Steel Dynamics Inc 4.44 0.28
Camden Property Trust --- 0.28
Bunge Ltd 9.39 0.27
Kimco Realty Corp --- 0.27
Iron Mountain Inc --- 0.27
Royalty Pharma PLC Class A 28.77 0.26
LPL Financial Holdings Inc 34.54 0.26
Data through 2022-04-30
  Principal Risks   
Lending, Loss of Money, Not FDIC Insured, Index Correlation/Tracking Error, Issuer, Market/Market Volatility, Equity Securities, Passive Management, Small Cap, Mid-Cap
Show Risk Definitions
  Other Information
Inception Date: 2018-04-17
Portfolio Manager(s)
Louis Bottari   (2018-04-17)
Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior portfolio manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.
Payal Kapoor Gupta   (2019-06-30)
Payal Gupta joined Geode in 2019, Ms. Gupta has worked as a portfolio manager. Prior to joining Geode, Ms. Gupta worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Before joining SSGA in 2005, she worked as an analyst at Concentra Integrated Services and at Morgan Stanley. Ms. Gupta holds an MBA with specialization in Investments and Information Systems from Northeastern University and a Bachelor of Science in Information Technology from Bay Path University.
Peter Matthew   (2018-04-17)
Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.
Navid Sohrabi   (2019-08-31)
Navid Sohrabi is portfolio manager of Geode Capital Management, LLC. Since joining Geode in 2019, Mr. Sohrabi has worked as a portfolio manager. Prior to joining Geode, Mr. Sohrabi worked at DWS, most recently as an index portfolio manager. Mr. Sohrabi was Vice President with Deutsche Asset Management and has served as a Portfolio Manager and quantitative multi-asset strategist in the Passive Asset Management business since 2015. Prior to joining Deutsche Bank, Mr. Sohrabi served as a derivatives trader for several institutional asset managers and commodity trading advisors where he developed and managed systematic risk and trading strategies in equities, options, fx and futures. Mr. Sohrabi earned a BA in neurobiology from the University of California, Berkley, and a Masters of Financial Engineering from the Anderson School of Management at the University of California, Los Angeles and is a CFA charterholder.
Robert Regan   (2018-04-17)
Robert Regan is a Portfolio Manager. He has been with Geode since 2016. Prior to joining Geode, Mr. Regan was a Senior Implementation Portfolio Manager at State Street Global Advisors from 2008 to 2016. Previously, Mr. Regan was employed by PanAgora Asset Management from 1997 to 2008, most recently as a Portfolio Manager. Mr. Regan began his career at Investors Bank and Trust.
Investment Advisor(s)
Fidelity Management & Research Company LLC
Issuer
Fidelity Investments
Subadvisor(s)
Geode Capital Management, LLC
Show Data Definitions

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