Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity VIP Mid Cap Service 2 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 U.S. Stocks 90.6 Non-U.S. Stocks 8.6 Bonds 0.0 Cash 0.8 Other 0.0 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: 2000-01-12 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

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