Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity® VIP Mid Cap Service 2 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 372 Mid-Cap Blend Funds Morningstar® Style Box™ What is this? As of 2022-04-30 Total Fund Assets ($ Mil) 6,811.81 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 U.S. Stocks 89.4 Non-U.S. Stocks 8.6 Bonds 0.0 Cash 2.0 Other 0.0 Data through 2022-04-30 Morningstar Equity Sectors % of Stocks Cyclical 45.13 Basic Materials 8.78 Consumer Cyclical 13.00 Financial Services 14.47 Real Estate 8.88 Sensitive 36.75 Communication Services 1.66 Energy 5.13 Industrials 15.58 Technology 14.38 Defensive 18.11 Consumer Defensive 4.21 Healthcare 9.55 Utilities 4.35 Data through 2022-04-30 Holding Status Total Number of Stock Holdings 189 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 12.47 Turnover % (as of 2021-12-31) 37.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Fidelity Revere Str Tr --- --- 1.86 BJ's Wholesale Club Holdings Inc 17.43 1.34 Wintrust Financial Corp 12.29 1.23 Univar Solutions Inc 9.14 1.20 Deckers Outdoor Corp 16.52 1.19 Churchill Downs Inc 31.05 1.19 Jabil Inc 11.33 1.15 OGE Energy Corp 8.59 1.13 Builders FirstSource Inc 5.81 1.10 ITT Inc 20.91 1.08 Data through 2022-04-30

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: 2000-01-12 Portfolio Manager(s) Daniel Sherwood   (2019-02-22) Daniel Sherwood joined Fidelity Investments in 2008, since then Mr. Sherwood has worked as a research analyst and portfolio manager. Thomas Allen   (2001-06-13) Allen is a vice president and portfolio manager with Fidelity Investments. Since joining the firm in 1995, he has worked as a research analyst and portfolio manager. 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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