Vip Value Strategies Portfolio
Data updated: 2026-08-24
C000021046 — Vip Value Strategies Portfolio. United States Mid Cap Value Equity · $1.22B AUM. Holdings, fees, performance and SEC filings.
C000021046 Fund Overview
Vip Value Strategies Portfolio is a US mutual fund managed by Variable Insurance Products Fund III, categorised as United States Mid Cap Value Equity. 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 III
- Category: United States Mid Cap Value Equity
- Assets under management: $1.22B
- 1-year return: 39.6%
- SEC CIK: 0000927384
- SEC series ID: S000007735
- Share class ID: C000021046
C000021046 Investment Objective and Strategy
Vip Value Strategies Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund III.
Investment objective
VIP Value Strategies Portfolio seeks capital appreciation.
Principal investment strategy
Normally investing at least 80% of assets in securities of value companies. Value companies are companies the Adviser believes are undervalued in the marketplace. The Adviser considers traditional and other measures of value, such as whether the company is included in a third-party value benchmark or classified as a value company by a third-party vendor, whether the company's free cash flow yield is above the equity market median, whether the company's enterprise value (the total value of a company's outstanding equity and debt) relative to earnings is below the equity market median, or whether the company's price-to-book (P/B) ratio or projected price-to-earnings (P/E) ratio is below the equity market median. An issuer may be determined to be a value company under any of these factors. 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 common stocks. Focusing investments in medium-sized companies, but also may invest substantially in larger or smaller companies. Investing in domestic and foreign issuers. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
C000021046 Holdings
Top 10 holdings of Vip Value Strategies Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 2.33% |
| Western Digital Corp. | 2.17% |
| Fidelity Revere Street Trust | 1.40% |
| Xcel Energy, Inc. | 1.19% |
| Welltower, Inc. | 1.13% |
| Delta Air Lines, Inc. | 1.09% |
| Iron Mountain, Inc. | 1.03% |
| PG and E CORP | 1.03% |
| Apollo Global Management, Inc. | 0.96% |
| Terex Corp. | 0.95% |
C000021046 Portfolio Allocation
Asset-class allocation of Vip Value Strategies Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.4% |
| Cash & Equivalents | 3.7% |
C000021046 Performance
Total returns for C000021046 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 25.7% |
| 1 year | 39.6% |
| 3 years (annualised) | 18.6% |
| 5 years (annualised) | 12.4% |
C000021046 Risk Information
Risk metrics for C000021046, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.4%
C000021046 Costs and Fees
C000021046 costs about $59 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.59%
- Gross expense ratio: 0.59%
- Portfolio turnover: 62%
- Brokerage commissions: 3.87 bps of average net assets (SEC N-CEN)
C000021046 Cashflows
Over the 12 months to 2026-06, Vip Value Strategies Portfolio had net inflows of $25.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $6.86M |
| 2026-05 | −$4.36M |
| 2026-04 | $3.66M |
| 2026-03 | −$3.06M |
| 2026-02 | −$4.90M |
| 2026-01 | $38.81M |
C000021046 Debt Constituents
No individual debt constituents are reported in Vip Value Strategies Portfolio's latest SEC N-PORT filing.
C000021046 Prospectus and SEC Filings
Official Vip Value Strategies Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-20
- Prospectus (485BPOS) — filed 2025-04-18
- Prospectus (485BPOS) — filed 2024-04-19
- 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 United States Mid Cap Value Equity 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.