VIP FundsManager 60% Portfolio

Variable Insurance Products Fund V

Actively managed U.S. equity fund
$8.26B NAV
40 positions · as of 2026-06-30 · filed 2026-08-24

Fund classification

Classified from what the fund holds · as of 2026 Q2

VIP FundsManager 60% 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 60% Portfolio seeks high total return.

Strategy · summarised

The fund invests through a combination of underlying Fidelity mutual funds and ETFs, with a target allocation of approximately 36% domestic equities, 24% international equities, 35% fixed-income, and 5% money market funds, actively managed to track the Fidelity VIP FundsManager 60% Composite Index. The underlying funds are selected using proprietary research that evaluates manager experience, investment style, expense ratios, asset size, and portfolio turnover. Because the fund's performance depends on the selection and performance of the underlying Fidelity funds chosen, results may diverge from the composite index benchmark.

Expenses
0.63% 0.78%across 3 share classes
Share classGrossNet
C0000515450.68%0.63%
C0000515460.78%0.63%
C0000515470.93%0.78%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 25.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

Partial coverage
99.98%
of net assets
Stocks96.22%
Cash & short-term3.65%
Bonds0.09%
Derivatives0.03%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 10 new16 exited

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

1-year
+23.04%
3-year
+44.36%
5-year
+38.61%
Volatility
9.55%
Worst 3-yr fall
-7.74%
Cumulative return· Jul 2023 – 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

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
Variable Insurance Products Fund28.74%$2.37B
Variable Insurance Products Fund V14.20%$1.17B
Fidelity Income Fund14.15%$1.17B
Fidelity Investment Trust6.19%$511.17M
Fidelity Investment Trust5.72%$472.79M
Fidelity Revere Street Trust3.65%$301.36M
Fidelity Investment TrustFTIEX2.85%$235.45M
Fidelity Advisor Series VIII2.70%$223.05M
Fidelity Capital Trust2.67%$220.65M
Fidelity Covington Trust2.47%$204.25M
Showing 10 of 40Sign in to see more

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 83.34% of net assets, top 25 99.23%, across 20 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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