Morningstar® Investment Profile™   Morningstar®
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Fidelity VIP Mid Cap Initial
Release date as of 2024-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-10-31
Out of 403
Mid-Cap Blend Funds
Morningstar®
Style Box™
What is this?
As of 2024-09-30
Total Fund Assets ($ Mil)
7,523.37
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term growth of capital.
The fund normally invests primarily in common stocks. It normally invests at least 80% of assets in securities of companies with medium market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell Midcap® Index or the S&P MidCap 400® Index). The fund potentially invests in companies with smaller or larger market capitalizations. It invests in domestic and foreign issuers.
  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 90.6
Bullet Non-U.S. Stocks Non-U.S. Stocks 8.6
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.8
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2024-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 40.15
Basic Materials 3.90
Consumer Cyclical 11.52
Financial Services 16.50
Real Estate 8.23
Sensitive 40.72
Communication Services 2.32
Energy 4.71
Industrials 21.12
Technology 12.57
Defensive 19.14
Consumer Defensive 5.11
Healthcare 10.28
Utilities 3.75
Data through 2024-09-30
Holding Status
Total Number of Stock Holdings 193
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 12.83
Turnover % (as of 2023-12-31) 41.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
ITT Inc 23.91 1.72
US Foods Holding Corp 29.36 1.44
Reinsurance Group of America Inc 19.35 1.39
Performance Food Group Co 29.12 1.31
Williams-Sonoma Inc 16.11 1.29
AptarGroup Inc 33.72 1.20
Primerica Inc 22.14 1.18
East West Bancorp Inc 12.31 1.11
KBR Inc 28.39 1.10
The Hartford Financial Services Group Inc 11.09 1.09
Data through 2024-09-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Value Investing, Issuer, Market/Market Volatility, Equity Securities, Mid-Cap
Show Risk Definitions
  Other Information
Inception Date: 1998-12-28
Portfolio Manager(s)
Maurice FitzMaurice   (2024-08-14)
Since joining Fidelity Investments in 1998, Mr. Fitzmaurice has worked as research analyst and portfolio manager.
Daniel Sherwood   (2019-02-22)
Dan Sherwood 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. Sherwood manages the Fidelity New Millennium Fund and co-manages Fidelity Mid Cap Stock Fund, Fidelity Advisor Mid Cap II Fund, and VIP Mid Cap Portfolio. Prior to assuming his current responsibilities, Mr. Sherwood was a research analyst responsible for covering a variety of software and IT services companies. Additionally, he was a research analyst on the Real Estate team, where he covered various real estate investment trusts (REITs) and other real estate related companies. Before joining Fidelity in 2008, Mr. Sherwood was a vice president at Merrill Lynch Institutional Equity Trading, and an analyst for Merrill Lynch Institutional Equity Sales. He has been in the financial industry since 1998. Mr. Sherwood earned his bachelor of arts degree from Yale University and his master of business administration degree from The Wharton School of the University of Pennsylvania.
Thomas Allen   (2001-06-13)
He most recently worked for Stewart Investors in London. Tom joined the predecessor business of Stewart Investors in 2012. He initially worked in Singapore, before moving to Edinburgh to work on Asia Pacific strategies. From 2015, Tom was part of the Stewart Investors team in London. He co-managed Asia Pacific and Emerging Markets strategies with Ashish Swarup from 2017. He has a degree in History from University College London (UCL).
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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