Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Fidelity® VIP Overseas 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 393
Foreign Large Growth Funds
Morningstar®
Style Box™
What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
1,753.21
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term growth of capital.
The fund normally invests at least 80% of assets in non-U.S. securities. It allocates investments across different countries and regions. The fund primarily invests in common stocks. 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: Foreign Large Growth
Foreign large-growth portfolios focus on high-priced growth stocks, mainly outside of the United States. Most of these portfolios divide their assets among a dozen or more developed markets, including Japan, Britain, France, and Germany. These portfolios primarily invest in stocks that have market caps in the top 70% of each economically integrated market (such as Europe or Asia ex-Japan). 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). These portfolios typically will have less than 20% of assets invested in U.S. stocks. 
  Investment Risks
Foreign Securities Funds/Emerging Market Funds: Risks include, but are not limited to, currency risk, political risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 9.1
Bullet Non-U.S. Stocks Non-U.S. Stocks 86.5
Bullet Bonds Bonds 0.0
Bullet Cash Cash 4.4
Bullet Other Other 0.1
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 37.38
Basic Materials 7.66
Consumer Cyclical 7.73
Financial Services 21.20
Real Estate 0.79
Sensitive 40.81
Communication Services 3.16
Energy 2.56
Industrials 19.57
Technology 15.52
Defensive 21.81
Consumer Defensive 6.92
Healthcare 14.89
Utilities 0.00
Data through 2022-04-30
Morningstar World Regions
% Fund
Americas 10.9
North America 10.9
Latin America 0.0
Greater Europe 72.5
United Kingdom 10.6
Europe Developed 61.6
Europe Emerging 0.0
Africa/Middle East 0.3
Greater Asia 16.7
Japan 11.9
Australasia 0.0
Asia Developed 2.7
Asia Emerging 2.0
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 115
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 22.28
Turnover % (as of 2021-12-31) 26.00
30 Day SEC Yield % ---
Top Holdings
Sector Country % of Net
Assets
Fidelity Revere Str Tr --- United States 3.50
Nestle SA Switzerland 3.29
ASML Holding NV Netherlands 2.66
Roche Holding AG Switzerland 2.50
LVMH Moet Hennessy Louis Vuitton SE France 2.24
Diageo PLC United Kingdom 2.04
AIA Group Ltd Hong Kong 1.61
TotalEnergies SE France 1.58
Sony Group Corp Japan 1.45
Sika AG Switzerland 1.41
Data through 2022-04-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Issuer, Market/Market Volatility, Equity Securities
Show Risk Definitions
  Other Information
Inception Date: 1987-01-28
Portfolio Manager(s)
Vincent Montemaggiore   (2016-10-25)
Vincent Montemaggiore is a portfolio manager in the Equity division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Mr. Montemaggiore manages the Fidelity and Fidelity Advisor Overseas Fund and Fidelity VIP Overseas Portfolio. He has managed the Fidelity Overseas Fund since January of 2012 and took on lead portfolio manager responsibilities for the Fidelity Advisor Overseas Fund and VIP Overseas Portfolio in October of 2016. Prior to assuming his current responsibilities, Mr. Montemaggiore co-managed Select Banking Portfolio, after being sole manager on the fund from 2008 to 2012. He also assumed research analyst coverage responsibilities for largecap and regional banks in 2008. Previously, Mr. Montemaggiore managed Select Industrial Equipment Portfolio, after taking on research coverage of industrial and machinery stocks in 2006. Prior to joining Fidelity in 2004, Mr. Montemaggiore worked as an investment banking analyst at de Guardiola Advisors, Inc. He also worked at Putnam Lovell Securities, Inc., where he focused on mergers and acquisitions within the financial services industry. He has been in the financial industry since 2000. Mr. Montemaggiore earned his bachelor of science degree in engineering from the University of Pennsylvania and his master of business administration degree from Columbia Business School.
Investment Advisor(s)
Fidelity Management & Research Company LLC
Issuer
Fidelity Investments
Subadvisor(s)
FMR Investment Management (U.K.) Limited
Fidelity Management & Research (Japan) Limited
FIL Investments (Japan) Limited
Fil Investment Advisors
Fidelity Management & Research (Hong Kong) Ltd
FIL Investment Advisors (UK) Ltd
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.