VIP Balanced Portfolio
Actively managed U.S. stock fund
As of its 2026 Q2 report, VIP Balanced Portfolio held 363 positions with $8.93B in net assets. Its ten largest holdings made up 58.2% of the fund. The QBA2Q share class costs 0.66% a year. Over the 12 months to May 2026, QBA2Q returned 25.0%, with dividends reinvested. In 2026 Q2 it added 67 new positions and exited 43.
VIP Balanced Portfolio seeks income and capital growth consistent with reasonable risk.
The fund allocates approximately 60% to equities and 40% to fixed income, selecting stocks and bonds through fundamental analysis of financial condition, industry position, and market conditions across domestic and foreign issuers, with equity exposure diversified across market sectors and managed by multiple Fidelity managers. The fixed-income allocation includes lower-quality debt securities and maintains at least 25% of total assets in senior securities. Because security selection depends on manager analysis rather than a stated benchmark, fund holdings and returns may diverge from any particular index.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Fidelity Garrison Street Trust | 33.80% | $3.02B | 32.5M | $93.01 |
NVDANVIDIA CORP | 5.45% | $487.00M | 2.4M | $200.09 |
GOOGLALPHABET INC | 4.61% | $412.25M | 1.2M | $357.37 |
AAPLAPPLE INC | 3.84% | $342.71M | 1.2M | $289.36 |
AMZNAMAZON.COM INC | 2.70% | $240.89M | 1.0M | $238.34 |
MSFTMICROSOFT CORP | 2.34% | $209.30M | 561.1K | $373.02 |
AVGOBROADCOM INC | 1.74% | $155.57M | 411.8K | $377.75 |
1.43% | $128.13M | 111.0K | $1,154.29 | |
1.16% | $103.43M | 86.2K | $1,199.43 | |
TSLATESLA INC | 1.12% | $99.93M | 237.6K | $420.60 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 363 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.98% |
| Cash & short-term | 0.85% |
| Bonds | 0.03% |
| Derivatives | 0.00% |
Derivatives are shown at market value, not notional exposure.
By sector
- Other
- 34.6%
- Information Technology
- 22.0%
- Financials
- 7.2%
- Communication Services
- 6.7%
- 11 other sectors
- 29.6%
- Other
- 34.6%
- Information Technology
- 22.0%
- Financials
- 7.2%
- Communication Services
- 6.7%
- Consumer Discretionary
- 6.1%
- Industrials
- 5.4%
- Health Care
- 5.3%
- International
- 4.2%
- Consumer Staples
- 2.8%
- Energy
- 1.6%
- Utilities
- 1.3%
- Real Estate
- 1.2%
- Cash
- 0.9%
- Materials
- 0.8%
- Government
- 0.0%
How it has done
C000021026 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.76%. Past returns are a record, not a forecast.
Jun 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.
This fund changed legal form during the period shown. The history above is continuous — it spans both eras, and the change is not a gap in reporting.
Fees & fund details
VIP Balanced Portfolio is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.41% – 0.66%· QBA2Q 0.66%
- Portfolio turnover
- 38.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
67 new· the largest 8
43 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 100.0% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Understand how this fund fits with the rest.
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