Morningstar® Investment Profile™   Morningstar®
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Fidelity VIP Equity-Income Initial
Release date as of 2024-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2024-04-30
Out of 1109
Large Value Funds
Style Box™
What is this?
As of 2024-03-31
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks reasonable income with consideration of the potential for capital appreciation.
The fund normally invests at least 80% of assets in equity securities. It primarily invests in income-producing equity securities, which the advisor tends to lead to investments in large cap "value" stocks. The fund potentially invests in other types of equity securities and debt securities, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds).
  Morningstar Category: Large Value
Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  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 85.4
Bullet Non-U.S. Stocks Non-U.S. Stocks 12.3
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.4
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 33.83
Basic Materials 3.97
Consumer Cyclical 6.51
Financial Services 21.19
Real Estate 2.16
Sensitive 39.19
Communication Services 5.73
Energy 8.44
Industrials 13.16
Technology 11.86
Defensive 26.97
Consumer Defensive 8.65
Healthcare 12.47
Utilities 5.85
Data through 2024-03-31
Holding Status
Total Number of Stock Holdings 123
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 23.77
Turnover % (as of 2023-12-31) 21.00
30 Day SEC Yield % 1.76
Top Holdings
Sector P/E % of Net
JPMorgan Chase & Co 11.57 4.32
Exxon Mobil Corp 14.49 3.08
Bank of America Corp 12.76 2.75
Linde PLC 35.02 2.32
GE Aerospace 42.58 2.16
Wells Fargo & Co 12.36 2.07
Fidelity Cash Central Fund --- --- 2.03
Danaher Corp 45.25 1.75
Merck & Co Inc 143.58 1.65
Chubb Ltd --- 1.64
Data through 2024-03-31
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Value Investing, Issuer, Interest Rate, Market/Market Volatility, Equity Securities
Show Risk Definitions
  Other Information
Inception Date: 1986-10-09
Portfolio Manager(s)
Ramona Persaud   (2017-04-07)
Ramona Persaud joined Fidelity Investments in 2003, since then she has worked as a research analyst and portfolio manager.
Investment Advisor(s)
Fidelity Management & Research Company LLC
Fidelity Investments
FMR Investment Management (U.K.) Limited
Fidelity Management & Research (Japan) Limited
Fidelity Management & Research (HK) Ltd
Show Data Definitions

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