Procyclical Equity Sector Model Portfolios

Investing in procyclical sectors with the stock portion of your portfolio may offer an opportunity to increase your portfolio's exposure to those sectors that have historically had strong relative performance compared to the broader US equity market during a period of strengthening corporate profits.

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Certain sectors may perform well during periods of strengthening corporate profits

Leveraging traditionally procyclical sectors within the stock portion of your portfolio may offer an opportunity to increase your portfolio's exposure to those sectors that have historically performed well during periods of strengthening corporate profits. To help you develop your sector investment approach within the Fidelity Personal Retirement Annuity (FPRA) and gain exposure to procyclical sectors, we've developed 4 Model Portfolios based on selected target asset mixes.

Make the models work for you

These models show you different ways you might construct a portfolio of funds within FPRA based on your risk tolerance. How you invest starts with choosing an asset mix that is in line with your tolerance for risk, individual financial situation, and long-term goals.

These Model Portfolios provide an asset allocation across 6 FPRA funds, and are for investors who are looking to gain exposure to procyclical sectors.

Note: FPRA is a low-cost tax deferred variable annuity, and the Model Portfolios were created specifically with tax deferral and low-cost in mind; implementing a similar strategy in a higher cost annuity or in a taxable account may not be appropriate.

balanced chartThis Model Portfolio may be appropriate for investors who want the potential for capital appreciation and some growth.

Asset Mix

50% Domestic Stock
50% Bonds

Model Portfolio


Asset Type Fund Name Allocation
Sector Stock Fidelity VIP Consumer Discretionary (FVHAC) 6%
Sector Stock Fidelity VIP Financial Services (FONNC) 6%
Sector Stock Fidelity VIP Materials (FVMAC) 6%
Sector Stock Fidelity VIP Real Estate (FFWKC) 6%
Domestic Stock Fidelity VIP Index 500 (FXVLT) 26%
Bonds Fidelity VIP Investment Grade Bond (FTLKC) 50%

The Fidelity Personal Retirement Annuity Procyclical Equity Sector Model Portfolios are intended to serve as examples of how, based on an identified target asset mix, assets could be allocated by FPRA contract owners who are seeking to gain exposure to sectors that have historically performed well during periods of strengthening corporate profits. Please see the Model Portfolio methodology (PDF) for more information about how the models are created.

equity growth chartThis Model Portfolio may be appropriate for investors who have a preference for growth.

Asset Mix

70% Domestic Stock
30% Bonds

Model Portfolio


Asset Type Fund Name Allocation
Sector Stock Fidelity VIP Consumer Discretionary (FVHAC) 7%
Sector Stock Fidelity VIP Financial Services (FONNC) 7%
Sector Stock Fidelity VIP Materials (FVMAC) 7%
Sector Stock Fidelity VIP Real Estate (FFWKC) 7%
Domestic Stock Fidelity VIP Index 500 (FXVLT) 42%
Bonds Fidelity VIP Investment Grade Bond (FTLKC) 30%

The Fidelity Personal Retirement Annuity Procyclical Equity Sector Model Portfolios are intended to serve as examples of how, based on an identified target asset mix, assets could be allocated by FPRA contract owners who are seeking to gain exposure to sectors that have historically performed well during periods of strengthening corporate profits. Please see the Model Portfolio methodology (PDF) for more information about how the models are created.

aggressive growth chartThis Model Portfolio may be appropriate for investors who seek aggressive growth.

Asset Mix

85% Domestic Stock
15% Bonds

Model Portfolio


Asset Type Fund Name Allocation
Sector Stock Fidelity VIP Consumer Discretionary (FVHAC) 7%
Sector Stock Fidelity VIP Financial Services (FONNC) 7%
Sector Stock Fidelity VIP Materials (FVMAC) 7%
Sector Stock Fidelity VIP Real Estate (FFWKC) 7%
Domestic Stock Fidelity VIP Index 500 (FXVLT) 57%
Bonds Fidelity VIP Investment Grade Bond (FTLKC) 15%

The Fidelity Personal Retirement Annuity Procyclical Equity Sector Model Portfolios are intended to serve as examples of how, based on an identified target asset mix, assets could be allocated by FPRA contract owners who are seeking to gain exposure to sectors that have historically performed well during periods of strengthening corporate profits. Please see the Model Portfolio methodology (PDF) for more information about how the models are created.

most aggressive chartThis Model Portfolio may be appropriate for investors who seek very aggressive growth.

Asset Mix

100% Domestic Stock
0% Bonds

Model Portfolio


Asset Type Fund Name Allocation
Sector Stock Fidelity VIP Consumer Discretionary (FVHAC) 7%
Sector Stock Fidelity VIP Financial Services (FONNC) 7%
Sector Stock Fidelity VIP Materials (FVMAC) 7%
Sector Stock Fidelity VIP Real Estate (FFWKC) 7%
Domestic Stock Fidelity VIP Index 500 (FXVLT) 72%
Bonds Fidelity VIP Investment Grade Bond (FTLKC) 0%

The Fidelity Personal Retirement Annuity Procyclical Equity Sector Model Portfolios are intended to serve as examples of how, based on an identified target asset mix, assets could be allocated by FPRA contract owners who are seeking to gain exposure to sectors that have historically performed well during periods of strengthening corporate profits. Please see the Model Portfolio methodology (PDF) for more information about how the models are created.