VIP Index 500 Portfolio

Variable Insurance Products Fund II · Series S000007726 · 3 share classes

Equity fund · 100% stocks
One fund, 3 share classes:XAOKXQINSQQVI2Q
$17.64B NAV
507 positions · as of 2026-03-31 · filed 2026-05-26
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

VIP Index 500 Portfolio seeks investment results that correspond to the total return of common stocks publicly traded in the United States, as represented by the S&P 500 Index.

Strategy · summarised

The fund tracks the S&P 500 Index, a market capitalization-weighted index of 500 large-cap U.S. common stocks, by holding common stocks included in the index and may use derivatives to gain exposure to index constituents or market risk factors. The fund may also lend securities to generate additional income.

Expenses
0.09% 0.34%across 3 share classes
Share classExpense ratio
XAOKX0.09%
QINSQ0.19%
QVI2Q0.34%

Portfolio turnover 4.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

100.60%
of net assets
Stocks100.00%
Cash & short-term0.59%
Bonds0.01%
Derivatives-0.00%

The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 8 new8 exited

New: VRT, CIEN, LITE, COHR, AMCOR PLC, ECHO, UST BILLS, CHICAGO MERCANTILE EXCH INC

Exited: AMCOR PLC, DAYFORCE INC, MOH, UST BILLS, PAYC, MTCH, LW, CHICAGO MERCANTILE EXCH INC

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
0.00%
Avg maturity
0.12 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CORPNVDA7.58%$1.34B
APPLE INCAAPL6.67%$1.18B
MICROSOFT CORPMSFT4.92%$867.52M
AMAZON.COM INCAMZN3.64%$642.11M
ALPHABET INCGOOGL3.00%$528.39M
BROADCOM INCAVGO2.63%$463.14M
ALPHABET INCGOOG2.40%$423.39M
META PLATFORMS INCMETA2.24%$394.93M
TESLA INCTSLA1.87%$329.97M
BERKSHIRE HATHAWAY INC DELBRK/B1.57%$277.33M
Showing 10 of 507Sign in to see more

Top 10 positions are 36.51% of net assets, top 25 49.53%, across 503 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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