VIP Freedom Lifetime Income I Portfolio
Data updated: 2026-08-24
C000048783 — VIP Freedom Lifetime Income I Portfolio. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
C000048783 Fund Overview
VIP Freedom Lifetime Income I Portfolio is a US mutual fund managed by Variable Insurance Products Fund V, categorised as United States Multi-Cap / All-Cap Blend / Core 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 V
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $8.00M
- 1-year return: 8.6%
- SEC CIK: 0000823535
- SEC series ID: S000017651
- Share class ID: C000048783
C000048783 Investment Objective and Strategy
VIP Freedom Lifetime Income I Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund V.
Investment objective
VIP Freedom Lifetime Income I Portfolio seeks high total return with a
Principal investment strategy
Investing primarily in a combination of underlying Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds (underlying Fidelity funds) using a moderate asset allocation strategy designed generally for investors in retirement who were born before 1939. Allocating assets according to a stable neutral asset allocation strategy. A revised neutral asset allocation strategy (approximately 17% in U.S. equity funds, 11% in international equity funds, 2% in commodity funds, 35% in U.S. investment grade bond funds, 5% in international bond funds, 2% in long-term treasury bond funds, 15% in inflation-protected bond funds, and 14% in short-term funds; allocations do not add to 100% due to rounding) is expected to take effect by the end of the first quarter of 2027. Fidelity Management & Research Company LLC (FMR) (the Adviser) has begun transitioning the neutral asset allocation percentages to achieve the desired allocations.
The Adviser may modify the fund's neutral asset allocations from time to time when in the interests of shareholders. Buying and selling futures contracts (both long and short positions) in an effort to manage cash flows efficiently, remain fully invested, or facilitate asset allocation. The Adviser, under normal market conditions, will use an active asset allocation strategy to increase or decrease asset class exposures relative to the neutral asset allocations reflected above by up to 10% for equity funds (including commodity funds), bond funds and short-term funds to reflect the Adviser's market outlook, which is primarily focused on the intermediate term. The Adviser may also make active asset allocations within other asset classes (such as high yield debt (also referred to as junk bonds), floating rate debt, real estate debt, and emerging markets debt) from 0% to 10% of the fund's total assets individually, but no more than 25% in aggregate within those other asset classes.
Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low- to middle-income economies as classified by the World Bank, and other countries or markets that the Adviser identifies as having similar emerging markets characteristics.
C000048783 Holdings
Top 10 holdings of VIP Freedom Lifetime Income I Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Variable Insurance Products Fund V | 34.77% |
| Fidelity Salem Street Trust | 15.35% |
| Variable Insurance Products Fund V | 11.22% |
| Variable Insurance Products Fund | 10.41% |
| Variable Insurance Products Fund II | 5.94% |
| Fidelity Salem Street Trust | 4.20% |
| Variable Insurance Products Fund | 3.95% |
| Variable Insurance Products Fund III | 2.66% |
| Variable Insurance Products Fund II | 2.42% |
| Variable Insurance Products Fund | 1.92% |
C000048783 Portfolio Allocation
Asset-class allocation of VIP Freedom Lifetime Income I Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
C000048783 Performance
Total returns for C000048783 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 4.6% |
| 1 year | 8.6% |
| 3 years (annualised) | 7.4% |
| 5 years (annualised) | 2.8% |
C000048783 Risk Information
Risk metrics for C000048783, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.8%
C000048783 Costs and Fees
C000048783 costs about $39 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.39%
- Gross expense ratio: 0.39%
- Portfolio turnover: 26%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000048783 Cashflows
Over the 12 months to 2026-06, VIP Freedom Lifetime Income I Portfolio had net outflows of $635.18K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$74.09K |
| 2026-05 | −$65.22K |
| 2026-04 | −$69.40K |
| 2026-03 | −$72.84K |
| 2026-02 | $51.57K |
| 2026-01 | −$73.40K |
C000048783 Debt Constituents
No individual debt constituents are reported in VIP Freedom Lifetime Income I Portfolio's latest SEC N-PORT filing.
C000048783 Prospectus and SEC Filings
Official VIP Freedom Lifetime Income I 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 2025-09-09
- 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 Multi-Cap / All-Cap Blend / Core 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.