Fidelity® VIP Contrafund Portfolio Fund

Fund details selection menu section

Fund details selection menu

Fund Overview

Adviser:

Fidelity Management & Research Company

Subadviser:

FRM Co., Inc.

Objective/Focus:

Normally invests primarily in common stocks. Seeks long-term capital appreciation.

Asset Class:

Large-Cap Stocks

Style:

Blend

Stocks of smaller or newer companies, such as those held in this Fund, are more likely to realize more substantial growth as well as suffer more significant losses than larger or more established issuers. Investments in such companies can be both more volatile and more speculative.

Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks. Their securities may also trade less frequently and in lower volumes, making market prices more volatile.

Fund Facts as of 09/30/2021

Fund Inception

04–30–2007

First Available for Variable Annuity

04–30–2007

First Available for Variable Life

06–30–2011

Net Assets

$23.05 Billion

Top 10 Portfolio Holdings % of Net Assets

Microsoft Corp.

Alphabet, Inc. - Class C

Amazon.com, Inc.

Facebook, Inc. - Class A

Apple, Inc.

NVIDIA Corp

Berkshire Hathaway, Inc. - Class B

UnitedHealth Group, INC

Salesforce.com, Inc.

Netflix, Inc

Total % of Net Assets

43.0%

Sector Weightings % of Equities

Information Technology

35.0%

Communication Services

15.5%

Health Care

12.8%

Consumer Discretionary

12.3%

Financials

12.3%