Before investing, consider the investment objectives, risks, charges, and expenses of the annuity and its investment options. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
This information is intended to be educational and is not tailored to the investment needs of any specific investor.
Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.
*A Procyclical environment is defined as a year in which US corporate profits 1) grew from the previous year, and 2) this year-over-year profit growth exceeded the year-over-year profit growth (if any) experienced in the previous year.
Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Because of their narrow focus, sector investments tend to be more volatile than investments that diversify across many sectors and companies.
Diversification and/or asset allocation do not ensure a profit or protect against loss.
The S&P 500® Index is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation. S&P and S&P 500 are registered service marks of Standard & Poor's Financial Services LLC.
The S&P 500® Consumer Discretionary Index comprises those companies included in the S&P 500 that are classified as members of the Global Industry Classification Standard (GICS®) Consumer Discretionary sector.
The S&P 500® Financial Services Index comprises those companies included in the S&P 500 that are classified as members of the GICS® Financial Services sector.
The S&P 500® Materials Index comprises those companies included in the S&P 500 that are classified as members of the GICS® Materials sector.
The S&P 500® Real Estate Index comprises those companies included in the S&P 500 that are classified as members of the GICS® Real Estate sector.
The index performance includes the reinvestment of dividends and interest income. An investment cannot be made in an index. Securities indices are not subject to fees and expenses typically associated with managed accounts or investment funds.
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