Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity VIP Mid Cap Service 2 Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Morningstar Report Overall Morningstar Rating™ What is this? As of 2024-03-31 Out of 392 Mid-Cap Blend Funds Morningstar® Style Box™ What is this? As of 2024-02-29 Total Fund Assets ($ Mil) 7,609.96 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 90.7 Non-U.S. Stocks 8.8 Bonds 0.0 Cash 0.5 Other 0.0 Data through 2024-02-29 Morningstar Equity Sectors % of Stocks Cyclical 37.96 Basic Materials 4.41 Consumer Cyclical 13.46 Financial Services 13.21 Real Estate 6.88 Sensitive 43.20 Communication Services 2.37 Energy 3.87 Industrials 22.61 Technology 14.35 Defensive 18.84 Consumer Defensive 5.29 Healthcare 9.33 Utilities 4.22 Data through 2024-02-29 Holding Status Total Number of Stock Holdings 189 Total Number of Bond Holdings 0 % of Net Assets in Top 10 Holdings 13.53 Turnover % (as of 2023-12-31) 41.00 30 Day SEC Yield % --- Top Holdings Sector P/E % of Net Assets Deckers Outdoor Corp 34.02 2.07 ITT Inc 27.37 1.63 Performance Food Group Co 27.24 1.35 Williams-Sonoma Inc 21.82 1.33 US Foods Holding Corp 26.72 1.25 nVent Electric PLC --- 1.23 Reinsurance Group of America Inc 14.35 1.19 Autoliv Inc --- 1.18 Dynatrace Inc Ordinary Shares 70.36 1.15 Primerica Inc 15.87 1.15 Data through 2024-02-29

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) 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

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