Fidelity® VIP Growth Portfolio - Initial Class

Fidelity? VIP Growth Portfolio - Initial Class

Release Date

..............................................................................................................................................................................................................................................................................................1.2..-.3..1..-.2.3..................................

Category

Large Growth

Investment Objective & Strategy

The investment seeks to achieve capital appreciation. The fund primarily invests in common stocks. It invests

in companies that the adviser believes have above-average growth potential (stocks of these companies are often called "growth" stocks). 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.

Volatility and Risk

Volatility as of 12-31-23

Low

Moderate

Investment High Category

Risk Measures as of 12-31-23

3 Yr Std Dev

3 Yr Beta

Port Avg Rel S&P 500

18.94

1.08

1.02

.

Rel Cat

0.90

0.93

Portfolio Analysis

Composition as of 11-30-23

U.S. Stocks Non-U.S. Stocks Bonds Cash Other

% Assets

86.3 12.5 0.0 0.9 0.4

Top 10 Holdings as of 11-30-23

% Assets

Microsoft Corp

15.16

NVIDIA Corp

6.60

Inc

4.87

Alphabet Inc Class A

4.78

A...p..p.l.e...I.n..c........................................................................4....4.0.

Uber Technologies Inc

4.29

Eli Lilly and Co

2.40

Boston Scientific Corp

2.19

Netflix Inc

1.90

Universal Music Group NV

1.89

Principal Risks Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, Nondiversification, Issuer, Market/Market Volatility, Equity Securities

Important Information Please refer to the Morningstar Disclosure and Glossary document contained in your plan's eligibility package for additional information. You may always access the most current version of the Disclosure and Glossary at fundonepagerscolor/DisclosureGlossary.pdf

Funds or their affiliates may pay compensation to Voya? affiliates offering a fund. Such compensation may be paid out of distribution, service and/or 12b-1 fees that are deducted from the fund's assets, and/or may be paid directly by the fund's affiliates. Any fees deducted from fund assets are discussed in the fund's prospectus and disclosed in the fund fact sheet. Because these fees are paid on an on-going basis, over time these fees will increase the cost of your investment and may cost you more than paying other types of sales charges. If offered through a retirement program, additional fees and expenses may be charged under that program. NOT A DEPOSIT. NOT FDIC INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE INSTITUTION. MAY GO DOWN IN VALUE.

Operations Gross Prosp Exp Ratio Net Prosp Exp Ratio Management Fee 12b-1 Fee Other Fee Miscellaneous Fee(s) Fund Inception Date Total Fund Assets ($mil) Annual Turnover Ratio % Fund Family Name

Notes

0.61% of fund assets 0.61% of fund assets 0.53%

. 0.00% 0.08% 10-09-86 8,806.5 36.00 Fidelity Investments

Morningstar Style BoxTM as of 11-30-23

% Mkt Cap

Large Mid Small

G...i.a..n..t.........................................4..9.....2..6.

Large

27.45

Medium

16.01

S...m...a..l.l..........................................6.....5..9.

Value Blend Growth

Micro

0.70

Morningstar Equity Sectors as of 11-30-23

% Fund

h ........C..y..c..l.i.c.a..l.............................................................................1..5....2..3.

r Basic Materials

0.00

t Consumer Cyclical

10.53

y Financial Services

4.70

u Real Estate

0.00

j ........S..e..n..s..i.t.i.v..e...........................................................................6..7....9..1.

i Communication Services

9.82

o Energy

3.77

p Industrials

9.40

a Technology

44.92

k ........D..e..f.e..n...s.i.v..e..........................................................................1..6....8..6.

s Consumer Defensive

1.24

d Healthcare

15.38

f Utilities

0.24

Waiver Data

Type

.

.

Exp. Date

%

.

.

Portfolio Manager(s)

Jason Weiner, CFA. Since 2006.

Asher Anolic. Since 2017.

................................................................................................

Advisor

Fidelity Management & Research

Company LLC

Subadvisor

FMR Investment Management

(U.K.) Limited

?2024 Morningstar, Inc., Morningstar Investment ProfilesTM 312-696-6000. All rights reserved. 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 losses arising from any use of information. Past performance is no guarantee of future performance. Visit our investment website at .

?

13.109-423 (01/24) CN3265965_1225

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