Fund Overview

Adviser:

Fidelity Management & Research Company

Subadviser:

FRM Co., Inc.

Objective/Focus:

Primarily securities of domestic or foreign companies with medium market capitalizations. May invest in either growth stocks or value stocks. The objective is long-term growth of capital.

Asset Class:

Mid-Cap Stocks

Style:

Blend

Overseas investments can pose more risks than domestic investments. Unit values are subject to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions.

Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks.

Investing in medium company stocks involves a greater degree of risk than investing in large company stocks.

Fund Facts as of 03/31/21

Fund Inception

12–28–1998

First Available for Variable Annuity

05–01–2003

First Available for Variable Life

05–01–2003

Net Assets

$8.13 Billion

Top 10 Portfolio Holdings

Deckers Outdoor Corp.

 

ITT, Inc.

 

Williams-Sonoma, Inc

 

AES Corp.

 

Activision Blizzard, Inc.

 

Signature Bank

 

Builders FirstSource

 

MKS Instruments, Inc.

 

Churchill Downs, Inc.

 

Nomad Foods, Ltd. (US)

 

Total % of Total Portfolio

13.9%

Sector Weightings % of Equities

Industrials

16.5%

Financials

16.1%

Consumer Discretionary

15.0%

Information Technology

14.7%

Health Care

8.2%