Morningstar® Investment Profile™   Morningstar®
Disclosure
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Fidelity® VIP Real Estate 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 231
Real Estate Funds
Morningstar®
Style Box™
What is this?
As of 2022-04-30
Total Fund Assets ($ Mil)
413.84
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk.
The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund invests primarily in common stocks. 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: Real Estate
Real estate portfolios invest primarily in real estate investment trusts of various types. REITs are companies that develop and manage real estate properties. There are several different types of REITs, including apartment, factory-outlet, health-care, hotel, industrial, mortgage, office, and shopping center REITs. Some portfolios in this category also invest in real estate operating companies. 
  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 99.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.0
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-04-30
Morningstar Equity Sectors
% of Stocks
Cyclical 98.78
Basic Materials 0.00
Consumer Cyclical 0.70
Financial Services 0.00
Real Estate 98.08
Sensitive 1.22
Communication Services 0.00
Energy 0.00
Industrials 0.00
Technology 1.22
Defensive 0.00
Consumer Defensive 0.00
Healthcare 0.00
Utilities 0.00
Data through 2022-04-30
Holding Status
Total Number of Stock Holdings 33
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 61.79
Turnover % (as of 2021-12-31) 31.00
30 Day SEC Yield % 1.79
Top Holdings
Sector P/E % of Net
Assets
Prologis Inc --- 10.99
American Tower Corp --- 8.47
Crown Castle International Corp --- 7.92
CubeSmart --- 6.98
Equinix Inc --- 6.34
Ventas Inc --- 5.02
Essex Property Trust Inc --- 4.76
Mid-America Apartment Communities Inc --- 4.27
Equity Lifestyle Properties Inc --- 3.54
RLJ Lodging Trust --- 3.50
Data through 2022-04-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Nondiversification, Issuer, Market/Market Volatility, Equity Securities, Real Estate/REIT Sector
Show Risk Definitions
  Other Information
Inception Date: 2002-11-06
Portfolio Manager(s)
Samuel J. Wald   (2005-10-31)
Samuel Wald joined Fidelity Investments in 1996, since then Mr. Wald 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
Show Data Definitions

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