VIP Asset Manager Portfolio
Data updated: 2026-08-24
C000048799 — VIP Asset Manager Portfolio. United States Multi-Cap / All-Cap Blend / Core Equity · $1.00B AUM. Holdings, fees, performance and SEC filings.
C000048799 Fund Overview
VIP Asset Manager 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: $1.00B
- 1-year return: 17.3%
- SEC CIK: 0000823535
- SEC series ID: S000017659
- Share class ID: C000048799
C000048799 Investment Objective and Strategy
VIP Asset Manager 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 Asset Manager 50% Portfolio seeks to obtain high total return with reduced risk over the long term by allocating its assets among stocks, bonds, and short-term instruments.
Principal investment strategy
Allocating the fund's assets among three main asset classes: the stock class (equity securities of all types, including funds that invest in such securities), the bond class (fixed-income securities of all types maturing in more than one year, including lower-quality debt securities which are sometimes referred to as high yield debt securities or junk bonds, and funds that invest in such securities), and the short-term/money market class (fixed-income securities of all types maturing in one year or less, including funds that invest in such securities). Maintaining a neutral mix over time of 50% of assets in stocks, 40% of assets in bonds, and 10% of assets in short-term and money market instruments. Adjusting allocation among asset classes gradually within the following ranges: stock class (30%-70%), bond class (20%-60%), and short-term/money market class (0%-50%).
Investing in domestic and foreign issuers. Investing in Fidelity's Central funds (specialized investment vehicles used by Fidelity funds to invest in particular security types or investment disciplines) and Fidelity's exchange-traded funds consistent with the asset classes discussed above.
C000048799 Holdings
Top 10 holdings of VIP Asset Manager Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Garrison Street Trust | 32.28% |
| Fidelity Central Investment Portfolios LLC | 27.29% |
| Fidelity Central Investment Portfolios LLC | 14.80% |
| Fidelity Central Investment Portfolios LLC | 7.59% |
| Fidelity Revere Street Trust | 2.60% |
| Fidelity Covington Trust | 2.58% |
| Fidelity Covington Trust | 2.08% |
| Fidelity Central Investment Portfolios II LLC | 1.94% |
| Fidelity Hanover Street Trust | 1.49% |
| Fidelity Oxford Street Trust II | 1.32% |
C000048799 Portfolio Allocation
Asset-class allocation of VIP Asset Manager Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.0% |
| Cash & Equivalents | 2.6% |
| Fixed Income | 0.3% |
C000048799 Performance
Total returns for C000048799 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.1% |
| 1 year | 17.3% |
| 3 years (annualised) | 12.7% |
| 5 years (annualised) | 6.2% |
C000048799 Risk Information
Risk metrics for C000048799, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.1%
C000048799 Costs and Fees
C000048799 costs about $51 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.51%
- Gross expense ratio: 0.55%
- Portfolio turnover: 24%
- Brokerage commissions: 0.27 bps of average net assets (SEC N-CEN)
C000048799 Cashflows
Over the 12 months to 2026-06, VIP Asset Manager Portfolio had net inflows of $15.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.66M |
| 2026-05 | −$7.70M |
| 2026-04 | −$5.94M |
| 2026-03 | −$7.75M |
| 2026-02 | $58.34M |
| 2026-01 | −$1.77M |
C000048799 Debt Constituents
Largest debt holdings of VIP Asset Manager Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ust Bills | 0.10% |
| Ust Bills | 0.07% |
| Ust Bills | 0.04% |
| Ust Bills | 0.03% |
| Ust Bills | 0.02% |
| Ust Bills | 0.02% |
| Ust Bills | 0.01% |
| Ust Bills | 0.01% |
| Ust Bills | 0.01% |
| Ust Bills | 0.00% |
C000048799 Prospectus and SEC Filings
Official VIP Asset Manager 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 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.