VIP FundsManager 50% Portfolio
Variable Insurance Products Fund V
Fund classification
Classified from what the fund holds · as of 2026 Q2
VIP FundsManager 50% 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
Fund profile
As filed in the prospectus · 2026 Q2
VIP FundsManager 50% Portfolio seeks high total return.
The fund invests in a mix of underlying Fidelity mutual funds and ETFs allocated approximately 30% to domestic equities, 20% to international equities, 40% to fixed income, and 10% to money market funds, with active management aimed at tracking the Fidelity VIP FundsManager 50% Composite Index, which blends the Dow Jones U.S. Total Stock Market Index, MSCI ACWI ex USA Index, Bloomberg U.S. Aggregate Bond Index, and Bloomberg U.S. 3-Month Treasury Bellwether Index. Fund selection relies on proprietary research evaluating manager experience, investment style, expense ratios, and other fund characteristics. Because the fund actively manages its underlying holdings rather than passively replicating the index, its performance may diverge from the composite index it seeks to track.
| Share class | Gross | Net |
|---|---|---|
| C000048789 | 0.64% | 0.59% |
| C000048790 | 0.74% | 0.59% |
| C000048791 | 0.89% | 0.74% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 30.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 94.86% |
| Cash & short-term | 4.97% |
| Bonds | 0.09% |
| Derivatives | 0.03% |
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: ISHARES INC, UST BILLS ×5, CHICAGO BOARD OF TRADE ×2
Largest exited: UST BILLS ×6, CHICAGO BOARD OF TRADE, ICE FUTURES US
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are 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.
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.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | Variable Insurance Products Fund | 23.92% | $16.65 | $969.41M | 58.2M |
| — | Variable Insurance Products Fund V | 16.69% | $9.53 | $676.47M | 71.0M |
| — | Fidelity Income Fund | 16.64% | $9.56 | $674.33M | 70.5M |
| — | Fidelity Investment Trust | 5.16% | $62.38 | $209.04M | 3.4M |
| — | Fidelity Revere Street Trust | 4.97% | — | $201.62M | — |
| — | Fidelity Investment Trust | 4.76% | $77.95 | $192.81M | 2.5M |
| — | Fidelity Colchester Street Trust | 3.62% | $1.0000 | $146.68M | 146.7M |
| FTIEX | Fidelity Investment TrustFTIEX | 2.38% | $16.96 | $96.34M | 5.7M |
| — | Fidelity Advisor Series VIII | 2.25% | $40.11 | $91.27M | 2.3M |
| — | Fidelity Capital Trust | 2.23% | $52.22 | $90.21M | 1.7M |
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.
Top 10 positions are 82.61% of net assets, top 25 98.84%, across 21 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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