Morningstar® Investment Profile™   Morningstar®
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Fidelity® VIP Energy Initial
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 69
Equity Energy 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 the energy field including the conventional areas of oil, gas, electricity and coal, and newer sources of energy such as nuclear, geothermal, oil shale, and solar power. 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: Equity Energy
Equity energy portfolios invest primarily in equity securities of U.S. or non-U.S. companies who conduct business primarily in energy-related industries. This includes and is not limited to companies in alternative energy, coal, exploration, oil and gas services, pipelines, natural gas services, and refineries. 
  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 87.5
Bullet Non-U.S. Stocks Non-U.S. Stocks 12.1
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.4
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 0.15
Basic Materials 0.15
Consumer Cyclical 0.00
Financial Services 0.00
Real Estate 0.00
Sensitive 99.01
Communication Services 0.00
Energy 99.01
Industrials 0.00
Technology 0.00
Defensive 0.83
Consumer Defensive 0.00
Healthcare 0.00
Utilities 0.83
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 57
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 60.26
Turnover % (as of 2021-12-31) 65.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Exxon Mobil Corp 15.92 20.46
Chevron Corp 16.42 7.95
ConocoPhillips 11.57 4.92
Canadian Natural Resources Ltd --- 4.58
Cenovus Energy Inc --- 4.46
Hess Corp 52.82 3.82
Cheniere Energy Inc --- 3.58
Pioneer Natural Resources Co 16.55 3.55
Devon Energy Corp 14.00 3.52
Valero Energy Corp 20.87 3.42
Data through 2022-04-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Nondiversification, Issuer, Market/Market Volatility, Equity Securities, Industry and Sector Investing
Show Risk Definitions
  Other Information
Inception Date: 2001-07-19
Portfolio Manager(s)
Maurice FitzMaurice   (2020-01-01)
Since joining Fidelity Investments in 1998, Mr. Fitzmaurice has worked as 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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