VIP High Income Portfolio
Data updated: 2026-08-24
C000020978 — VIP High Income Portfolio. Intermediate Corporate Bond · $799.89M AUM · 0.91% expense ratio. Holdings, fees, performance and SEC filings.
C000020978 Fund Overview
VIP High Income Portfolio is a US mutual fund managed by Variable Insurance Products Fund, categorised as Intermediate Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Variable Insurance Products Fund
- Category: Intermediate Corporate Bond
- Assets under management: $799.89M
- 1-year return: 8.2%
- SEC CIK: 0000356494
- SEC series ID: S000007718
- Share class ID: C000020978
C000020978 Investment Objective and Strategy
VIP High Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund.
Investment objective
VIP High Income Portfolio seeks a high level of current income, while also considering growth of capital.
Principal investment strategy
Normally investing at least 80% of assets in below investment grade debt securities. Debt securities are used by issuers to borrow money. The issuer usually pays a fixed, variable, or floating rate of interest, and must repay the amount borrowed, usually at the maturity of the security. Debt securities include corporate bonds, government securities (including Treasury securities), repurchase agreements, money market securities, mortgage and other asset-backed securities, loans and loan participations, and other securities, such as hybrids and synthetic securities, believed to have debt-like characteristics (e.g., securities classified as Tier 2 Regulatory capital, securities that rank above share capital in an insolvency waterfall, securities with maturity dates and non-cancellable interest payment structures).
Below investment grade debt securities are debt securities that are rated below BBB- or its equivalent by at least one nationally recognized statistical ratings organization (NRSRO), or, if unrated, determined by the Adviser to be of comparable quality. Derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Normally investing primarily in income-producing debt securities, preferred stocks, and convertible securities. Potentially investing in non-income producing securities, including defaulted securities and common stocks. Investing in companies in troubled or uncertain financial condition.
Investing in domestic and foreign issuers. Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
C000020978 Holdings
Top 10 holdings of VIP High Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 7.71% |
| Fidelity Revere Street Trust | 2.55% |
| Fidelity Private Credit Central Fund LLC | 1.40% |
| 1261229 Bc Ltd. | 0.63% |
| Proofpoint, Inc. | 0.55% |
| Pr Rno Property Owner 1 LLC | 0.54% |
| Artera Services LLC | 0.53% |
| 1261229 Bc Ltd. | 0.48% |
| Cloud Software Group, Inc. | 0.45% |
| New Fortress Energy, Inc. | 0.44% |
C000020978 Portfolio Allocation
Asset-class allocation of VIP High Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 77.8% |
| Loans | 10.8% |
| Cash & Equivalents | 10.3% |
| Equity | 7.8% |
| Securitized | 0.4% |
C000020978 Performance
Total returns for C000020978 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 3.3% |
| 1 year | 8.2% |
| 3 years (annualised) | 9.5% |
| 5 years (annualised) | 4.2% |
C000020978 Risk Information
Risk metrics for C000020978, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.6%
C000020978 Costs and Fees
C000020978 costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 0.92%
- Portfolio turnover: 81%
- Brokerage commissions: 0.15 bps of average net assets (SEC N-CEN)
C000020978 Cashflows
Over the 12 months to 2026-06, VIP High Income Portfolio had net outflows of $5.79M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $1.21M |
| 2026-05 | −$34.61M |
| 2026-04 | $38.25M |
| 2026-03 | −$60.77M |
| 2026-02 | −$2.16M |
| 2026-01 | $9.05M |
C000020978 Debt Constituents
Largest debt holdings of VIP High Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Pr Rno Property Owner 1 LLC | 0.54% |
| Artera Services LLC | 0.53% |
| 1261229 Bc Ltd. | 0.48% |
| Cloud Software Group, Inc. | 0.45% |
| Riot Platforms, Inc. | 0.43% |
| Humana, Inc. | 0.40% |
| Core Scientific Finance I LLC | 0.40% |
| Apld Computeco LLC | 0.40% |
| Transdigm, Inc. | 0.40% |
| US Foods, Inc. | 0.39% |
C000020978 Prospectus and SEC Filings
Official VIP High Income Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-20
- Prospectus (485BPOS) — filed 2025-04-18
- Prospectus supplement (497) — filed 2024-07-10
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-26
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-14
Related Funds
Other Intermediate Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.