VIP Growth and Income Portfolio
Variable Insurance Products Fund III · 1 share class
Fund classification
Classified from what the fund holds · as of 2026 Q2
VIP Growth and Income Portfolio is an actively managed U.S. equity fund. 11% of QGI2Q’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 88% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q2
VIP Growth & Income Portfolio seeks high total return through a combination of current income and capital appreciation.
The fund invests at least 80% of assets in a combination of growth stocks and income-producing securities, selecting growth companies based on factors such as above-median earnings or sales growth, elevated research and development spending, or capital-raising activity, while income securities are those paying or expected to pay dividends or interest within three months. The portfolio emphasizes common stocks with current dividends and capital appreciation potential but may also hold bonds including high-yield debt, non-dividend-paying stocks, and both domestic and foreign issuers. Because security selection depends on the adviser's assessment of individual companies' growth characteristics and financial condition, fund holdings will differ from any benchmark.
| Share class | Expense ratio |
|---|---|
| C000021034 | 0.47% |
| C000021035 | 0.55% |
| C000021036 | 0.57% |
| QGI2Q | 0.72% |
Portfolio turnover 17.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.17% |
| Cash & short-term | 4.91% |
| Bonds | 0.14% |
| Derivatives | -0.10% |
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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 18.7% |
| Industrials | 17.9% |
| Financials | 15.1% |
| Health Care | 9.8% |
| 9 smaller | 38.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
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.
| 3-5y | 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 |
|---|---|---|---|---|---|
| MSFT | MICROSOFT CORPMSFT | 4.82% | $373.02 | $137.46M | 368.5K |
| WFC | WELLS FARGO and COWFC | 4.61% | $82.64 | $131.43M | 1.6M |
| NVDA | NVIDIA CORPNVDA | 4.26% | $200.09 | $121.38M | 606.6K |
| GE | GE AEROSPACEGE | 4.20% | $373.73 | $119.87M | 320.7K |
| XOM | EXXON MOBIL CORPXOM | 3.73% | $136.72 | $106.40M | 778.2K |
| — | Fidelity Revere Street Trust | 3.72% | — | $106.19M | — |
| AAPL | APPLE INCAAPL | 3.38% | $289.36 | $96.36M | 333.0K |
| GEV | GE VERNOVA INCGEV | 3.30% | $1,174.86 | $94.21M | 80.2K |
| BAC | BANK OF AMERICA CORPORATIONBAC | 2.90% | $56.98 | $82.70M | 1.5M |
| BA | BOEING COBA | 2.38% | $216.47 | $67.74M | 312.9K |
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 37.31% of net assets, top 25 61.04%, across 164 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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