Morningstar® Investment Profile™   Morningstar®
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Fidelity VIP Balanced Initial
Release date as of 2024-11-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-11-30
Out of 677
Moderate Allocation Funds
Morningstar®
Style Box™
What is this?
As of 2024-09-30
As of 2024-09-30
Total Fund Assets ($ Mil)
7,824.81
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks income and capital growth consistent with reasonable risk.
The fund invests approximately 60% of assets in stocks and other equity securities and the remainder in bonds and other 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), when its outlook is neutral. It invests at least 25% of total assets in fixed-income senior securities. The fund invests in domestic and foreign issuers.
  Morningstar Category: Moderate Allocation
Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderate strategies seek to balance preservation of capital with appreciation. They typically expect volatility similar to a strategic equity exposure between 50% and 70%. 
  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 59.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 4.2
Bullet Bonds Bonds 35.0
Bullet Cash Cash 1.5
Bullet Other Other 0.3
Asset Allocation Rescaled Graph
Data through 2024-09-30
Morningstar Equity Sectors
% of Stocks
Cyclical 27.14
Basic Materials 2.10
Consumer Cyclical 10.66
Financial Services 12.03
Real Estate 2.35
Sensitive 51.95
Communication Services 9.06
Energy 3.36
Industrials 8.11
Technology 31.42
Defensive 20.92
Consumer Defensive 5.88
Healthcare 12.15
Utilities 2.89
Data through 2024-09-30
Morningstar Fixed-Income Sectors
% Fund
Government 44.62
Corporate 22.87
Securitized 28.41
Municipal 0.00
Cash & Equivalents 4.10
Derivative 0.00
Data through 2024-09-30
Credit Analysis
% Bonds
AAA 73.70
AA 2.50
A 8.67
BBB 14.53
BB 0.39
B 0.00
Below B 0.00
Not Rated 0.19
Data through 2024-09-30
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 300
Total Number of Bond Holdings 1919
% of Net Assets in Top 10 Holdings 25.19
Turnover % (as of 2023-12-31) 28.00
30 Day SEC Yield % ---
Top Holdings
Sector Country Maturity Date Market Value ($000) % of Net Assets
Microsoft Corp USA --- 412,184 5.41
NVIDIA Corp USA --- 348,096 4.57
Apple Inc USA --- 257,200 3.38
Amazon.com Inc USA --- 205,000 2.69
Alphabet Inc Class A USA --- 182,926 2.40
Meta Platforms Inc Class A USA --- 128,308 1.68
United States Treasury Notes 3.875% --- USA 2029-11-30 109,280 1.43
Fidelity Cash Central Fund --- USA --- 106,941 1.40
Eli Lilly and Co USA --- 88,180 1.16
Exxon Mobil Corp USA --- 81,187 1.07
Data through 2024-09-30
  Principal Risks   
Prepayment (Call), Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Value Investing, Issuer, Interest Rate, Market/Market Volatility, Equity Securities
Show Risk Definitions
  Other Information
Inception Date: 1995-01-03
Portfolio Manager(s)
Douglas Simmons   (2014-01-01)
Douglas Simmons 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. Simmons manages Fidelity Telecom and Utilities Fund, Fidelity Select Utilities Portfolio, Fidelity VIP Utilities Portfolio, and the Fidelity Advisor Utilities Fund. As a member of Fidelity’s Stock Selector Large Cap Group, he is also responsible for managing the utilities sleeves for various diversified sector-based portfolios. Prior to assuming his current responsibilities in September 2005, Mr. Simmons served as a utilities analyst covering the electric and gas utility stocks. Before joining Fidelity in 2003, Mr. Simmons worked as a financial analyst at the private equity firm Hicks, Muse, Tate & Furst. Previously, Mr. Simmons was an investment banking analyst at Morgan Stanley. He has been in the financial industry since 1997. Mr. Simmons earned his bachelor of business administration degree in finance from the University of Texas at Austin, where he graduated with highest honors, and his master of business administration degree from Harvard Business School.
Christopher Lee   (2022-08-01)
Chris Lee is a managing director of research and 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. Lee is responsible for overseeing the Health Care and Cyclicals teams. He also co-manages the Fidelity Enduring Opportunities Fund, Fidelity Disruptive Automation Fund, Fidelity Disruptive Communications Fund, Fidelity Disruptive Finance Fund, Fidelity Disruptive Medicine Fund, Fidelity Disruptive Technology Fund, and Fidelity Disruptors Fund. Effective August 1, 2022, Mr. Lee will assume co-lead of the Stock Selector Large Cap team and the FIAM Global Sector team. He will also co-manage Fidelity and Fidelity Advisor Balanced Fund, Fidelity Series All Sector Equity Fund, Fidelity and Fidelity Advisor Stock Selector Mid Cap Fund, Fidelity VIP Balanced Portfolio, and the FIAM Global Sector Strategies: Small/Mid Cap Core; and Global Core. Prior to assuming his current responsibilities, Mr. Lee managed Fidelity Advisor Financial Services Fund, Fidelity VIP Financial Services Portfolio, Fidelity Select Financial Services Portfolio, Fidelity Financial Services Central Fund, the Fidelity and Fidelity Advisor Stock Selector All Cap Funds, Fidelity Select Brokerage and Investment Management Portfolio, Fidelity VIP Growth Strategies Portfolio, Fidelity Growth Strategies Fund, and Fidelity Select Consumer Finance Portfolio. Previously, he managed Fidelity Select Electronics Portfolio and Fidelity Advisor Electronics Fund. He joined Fidelity as an equity analyst covering the semiconductor industry in 2004. Before joining Fidelity, Mr. Lee was an associate in the Technology group at TA Associates, a private equity firm in Boston. Previously, he worked as a financial analyst in the Technology group at Robertson Stephens. He has been in the financial industry since 1997. Mr. Lee earned his bachelor of arts degree in East Asian studies from Yale University and his master of business administration degree from the Massachusetts Institute of Technology (MIT) Sloan School of Management.
Laurie Mundt   (2024-03-08)
Prior to joining Fidelity Investments in 2008 as a research analyst, Ms. Mundt served as a vice president for T. Rowe Price Group, which she joined in 2000.
Matthew Drukker   (2022-01-18)
Matthew Drukker is a member of FMR’s Stock Selector Large Cap Group (communication services sector). Matthew Drukker is portfolio manager of Fidelity Management & Research Company. Prior to joining Fidelity Investments in August 2007 as a research analyst, Mr. Drukker was an investment banker at Sander O'Neill in New York from 1999 to 2006.
Chad Colman   (2022-07-29)
Chad Colman joined Fidelity Investments in 2009, since then he has worked as an analyst, global sector leader, and portfolio manager. Currently, he manages the industrials sleeves of the FIAM sector strategies and analyzes stocks for the broader, diversified portfolio management team. Prior to assuming his current role in 2011, Mr. Colman was a research analyst responsible for coverage of the U.S. industrials sector. Mr. Colman has been in the investments industry since 2002. Mr. Colman earned his B.S. degree from Brigham Young University and M.B.A. degree from University of Michigan.
Ali Khan   (2022-01-18)
Ali Khan joined Fidelity Investments in 2007, since then Mr. Khan has worked as an equity research associate and portfolio manager. Mr. Khan earned his Bachelor of Arts degree in economics and political science from Amherst College.
Robert E. Stansky   (2014-01-01)
Stansky is vice president and portfolio manager, as well a group manager of VIP Contrafund Portfolio and is responsible for assignment of managers to sectors, managing daily cash flows directing risk management and overseeing in the portfolio. He will not select individual securities in the sectors. He joined Fidelity Investments as a research analyst in 1983, and worked as a research assistant from 1984 to 1987. Prior to assuming his current responsibilities, Mr. Stansky managed Fidelity's Magellan Fund from 1996 to 2005. Previously, he managed Fidelity Growth Company Fund, Fidelity Advisor Equity Growth Fund, and Fidelity Growth Strategies, as well as an institutional portfolio for Fidelity. Mr. Stansky also served as an analyst and portfolio assistant on Magellan Fund and as an analyst in Fidelity's Equity research department where he managed the Select Defense & Aerospace Fund. He has been in the financial industry since joining Fidelity in 1983. Mr. Stansky earned his bachelor of science degree in business from Nichols College and his master of business administration degree in finance from New York University.
Ashley Fernandes   (2020-01-01)
Ashley Fernandes is the Natural Resources sector leader and 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. Fernandes provides research coverage for the global integrated energy and global mining companies and he manages the Fidelity Natural Resources Fund. He is also a member of Fidelity's Stock Selector Large Cap Group and is responsible for managing the energy and materials sleeves for various diversified sector-based portfolios. Mr. Fernandes is also responsible for co-managing the Fidelity and Fidelity Advisor Balanced Funds, VIP Balanced Portfolio, Fidelity Select and VIP Materials Portfolio, and Fidelity Advisor Materials Fund. Additionally, he co-manages both the global energy and global materials sector sleeves of the FIAM sector portfolios. Prior to assuming his current role, Mr. Fernandes worked as a global energy analyst for Fidelity International Limited (FIL) in London from 2008 to 2013. In this capacity, he was an analyst for the U.S., Canadian, European integrated, and emerging-market energy sectors, as well as small- and mid-cap international exploration and production (E&P) companies. Before joining Fidelity in 2013, Mr. Fernandes worked as an associate in Private Equity. He has been in the financial industry since 2001. Mr. Fernandes earned his bachelor of commerce degree, with honors, from Queen’s University, and his master of business administration degree from London Business School. He is also a CFA® charterholder.
Priyanshu Bakshi   (2022-01-18)
Priyanshu Bakshi joined Fidelity Investments in 2015. Mr. Bakshi has worked as a research analyst, sector leader, and portfolio manager.
Nicola Stafford   (2017-08-03)
Nicola Stafford is a portfolio manager in the Equity division at Fidelity Investments. She has been in the financial industry since 2001. Ms. Stafford earned her bachelor of science degree in mechanical engineering and economics from the Massachusetts Institute of Technology (MIT).
Pierre Sorel   (2014-01-01)
Pierre Sorel is a sector leader and 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. Sorel is responsible for covering the financial sector and is a member of the Stock Selector Large Cap Group. Additionally, he manages the Fidelity Financial Services Central Fund and co-manages Fidelity and Fidelity Advisor Balanced Fund, VIP Balance Portfolio, Fidelity Series All-Sector Equity Fund, FIAM Strategic Advisor Core Research Fund, FIAM U.S. Total Stock Fund, Fidelity Advisor Stock Selector Mid Cap Fund, and Fidelity Advisor Stock Selector All Cap Fund. Mr. Sorel also co-manages the Financials sleeve of the FIAM Global Sector Strategies: FIAM Small/Mid Cap Core, FIAM Large Cap Core, and FIAM Global Core. Prior to assuming his current position with the Stock Selector Large Cap Group in October 2007, Mr. Sorel managed Fidelity Funds Global Financial Services Fund, a financial services sector fund available exclusively to investors outside of the United States. Previously, he worked as an analyst covering the leisure, automobile, and banking industries in Europe at Fidelity International Limited (FIL). Before joining FIL in 1998, Mr. Sorel was a financial services consultant at Oliver Wyman. He has been in the financial industry since 1993. Mr. Sorel earned his bachelor of arts degree in economics and his bachelor of science degree in electrical engineering from Brown University; his master of science degree in computer engineering from Princeton University; and his master of business administration degree from INSEAD. He is also a CFA® charterholder.
Steven Kaye   (2014-01-01)
Kaye is a vice president and portfolio manager with Fidelity Management & Research. Previously, he was head of Fidelity Select Portfolios and assistant director of research. Since joining Fidelity Investments in 1985, Mr. Kaye has worked as a research analyst, assistant director of equity research, and portfolio manager. Before joining the firm, he spent two years as a research analyst with Strategic Planning Associates.
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
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