Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Fidelity® VIP Growth & Income 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
Rating™
What is this?
As of 2022-05-31
Out of 1145
Large Value Funds
Morningstar®
Style Box™
What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
1,981.18
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks high total return through a combination of current income and capital appreciation.
The fund normally invests a majority of assets in common stocks with a focus on those that pay current dividends and show potential for capital appreciation. It potentially invests in bonds, including lower-quality debt securities (those of less than investment-grade quality, also referred to as high yield debt securities or junk bonds), as well as stocks that are not currently paying dividends, but offer prospects for future income or capital appreciation. The fund invests in domestic and foreign issuers.
  Morningstar Category: Large Value
Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 82.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 14.6
Bullet Bonds Bonds 0.0
Bullet Cash Cash 2.3
Bullet Other Other 0.3
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 26.71
Basic Materials 2.79
Consumer Cyclical 3.46
Financial Services 19.35
Real Estate 1.11
Sensitive 49.65
Communication Services 5.95
Energy 11.91
Industrials 14.95
Technology 16.84
Defensive 23.64
Consumer Defensive 7.56
Healthcare 14.73
Utilities 1.35
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 179
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 37.50
Turnover % (as of 2021-12-31) 15.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Exxon Mobil Corp 15.92 6.51
Microsoft Corp 28.38 6.37
Wells Fargo & Co 9.52 4.96
General Electric Co --- 4.47
Apple Inc 24.20 3.35
Bank of America Corp 10.60 2.95
Altria Group Inc 32.78 2.56
Comcast Corp Class A 14.24 2.19
Fidelity Revere Str Tr --- --- 2.19
Bristol-Myers Squibb Co 26.76 1.95
Data through 2022-04-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Value Investing, Issuer, Interest Rate, Market/Market Volatility, Equity Securities
Show Risk Definitions
  Other Information
Inception Date: 1996-12-31
Portfolio Manager(s)
Matthew W. Fruhan   (2011-02-04)
Fruhan is a portfolio manager with Fidelity Investments. He joined the firm in 1995 as an equity research associate following the specialty retail, automotive supply and transportation industries.
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
Show Data Definitions

© Copyright 2022 Morningstar, Inc.
All rights reserved. Morningstar, the Morningstar logo, Morningstar.com, Morningstar Tools are either trademark or service marks of Morningstar, Inc. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or any losses arising from any use of information. Past performance is no guarantee of future performance.
Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.