Morningstar® Investment Profile™   Morningstar®
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Fidelity® VIP Index 500 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
What is this?
As of 2022-05-31
Out of 1221
Large Blend Funds
Style Box™
What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500® Index.
The fund normally invests at least 80% of assets in common stocks included in the S&P 500® Index. It lends securities to earn income for the fund.
  Morningstar Category: Large Blend
Large-blend portfolios are fairly representative of the overall US stock market in size, growth rates and price. Stocks in the top 70% of the capitalization of the US equity market are defined as large cap. The blend style is assigned to portfolios where neither growth nor value characteristics predominate. These portfolios tend to invest across the spectrum of US industries, and owing to their broad exposure, the portfolios' returns are often similar to those of the S&P 500 Index. 
  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 98.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.1
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.1
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 29.73
Basic Materials 2.44
Consumer Cyclical 11.21
Financial Services 13.16
Real Estate 2.92
Sensitive 45.77
Communication Services 8.64
Energy 4.17
Industrials 8.27
Technology 24.69
Defensive 24.49
Consumer Defensive 7.33
Healthcare 14.29
Utilities 2.87
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 504
Total Number of Bond Holdings 1
% of Net Assets in Top 10 Holdings 27.61
Turnover % (as of 2021-12-31) 2.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Apple Inc 24.20 6.97
Microsoft Corp 28.38 5.94 Inc 57.99 3.10
Tesla Inc 102.88 2.08
Alphabet Inc Class A 20.58 1.96
Alphabet Inc Class C 20.63 1.82
Berkshire Hathaway Inc Class B 8.54 1.69
UnitedHealth Group Inc 27.19 1.37
Johnson & Johnson 24.20 1.36
NVIDIA Corp 50.06 1.32
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
Show Risk Definitions
  Other Information
Inception Date: 1992-08-27
Portfolio Manager(s)
Louis Bottari   (2009-01-15)
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   (2012-08-31)
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   (2016-12-31)
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
Fidelity Investments
Geode Capital Management, LLC
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