Morningstar® Investment Profile™   Morningstar®
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Fidelity® VIP Financial Services Init
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 97
Financial 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 capital appreciation.
The fund primarily invests in common stocks. It normally invests at least 80% of assets in securities of companies principally engaged in providing financial services to consumers and industry. The fund invests in domestic and foreign issuers. 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. The fund is non-diversified.
  Morningstar Category: Financial
Financial portfolios seek capital appreciation by investing primarily in equity securities of U.S. or non-U.S. financial-services companies, including banks, brokerage firms, insurance companies, and consumer credit providers. 
  Investment Risks
Sector Funds: Funds that invest exclusively in one sector or industry involve risks due to the lack of industry diversification and expose the investor to increased industry-specific risks.
Non-Diversified Funds: Funds that invest more of their assets in a single issuer involve additional risks, including share price fluctuations, because of the increased concentration of investments.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 94.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 5.4
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 94.98
Basic Materials 0.00
Consumer Cyclical 0.81
Financial Services 94.17
Real Estate 0.00
Sensitive 5.02
Communication Services 0.00
Energy 0.00
Industrials 2.88
Technology 2.14
Defensive 0.00
Consumer Defensive 0.00
Healthcare 0.00
Utilities 0.00
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 68
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 36.48
Turnover % (as of 2021-12-31) 40.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Wells Fargo & Co 9.52 5.19
Bank of America Corp 10.60 5.01
M&T Bank Corp 13.75 4.00
Morgan Stanley 10.96 3.69
Citigroup Inc 6.25 3.35
The Travelers Companies Inc 11.35 3.30
Capital One Financial Corp 5.01 3.05
U.S. Bancorp 11.44 3.03
Marsh & McLennan Companies Inc 25.31 2.96
Chubb Ltd --- 2.90
Data through 2022-04-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Nondiversification, Issuer, Market/Market Volatility, Equity Securities, Financials Sector
Show Risk Definitions
  Other Information
Inception Date: 2001-07-18
Portfolio Manager(s)
Matt Reed   (2019-06-01)
Since joining Fidelity Investments in 2008, Mr. Reed 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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