C000048809 Fees and Costs — VIP Strategic Income Portfolio, Initial Class
Data updated: 2026-08-24
The net expense ratio is 0.63%: a 0.62% management fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $45K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 76%.
C000048809 Fees and Expenses
Annual operating expenses and sales charges of C000048809. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.62% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000048809 Costs Over Time
On $10,000 invested in C000048809, assuming 5% a year before costs, total costs come to $399 over 5 years, cutting the return by 0.66% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.63%) | $66 | $207 | $361 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $218 | $399 |
| Value after costs | $10,434 | $11,358 | $12,364 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
C000048809 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): $2.1B
- Portfolio turnover (prospectus): 76%
- Securities on loan, average value: $1.6M
- Net income from securities lending: $6K (0.000% of average net assets)
C000048809 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $29K | 66.19% |
| JPMORGAN CHASE and CO | $4K | 10.19% |
| GOLDMAN SACHS GROUP INC (THE) | $3K | 7.02% |
| CITIGROUP INC | $2K | 4.91% |
| JANE STREET GROUP LLC | $1K | 3.26% |
| BARCLAYS PLC | $1K | 2.53% |
| BANK OF AMERICA CORPORATION | $830 | 1.89% |
| VIRTU FINANCIAL INC | $767 | 1.75% |
| ROYAL BANK OF CANADA | $631 | 1.44% |
| MACQUARIE GROUP LTD | $363 | 0.83% |
C000048809 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $373.7M | 20.83% |
| JPMORGAN CHASE and CO | $320.1M | 17.84% |
| MORGAN STANLEY | $292.9M | 16.33% |
| BARCLAYS PLC | $230.3M | 12.84% |
| CITIGROUP INC | $151.3M | 8.44% |
| NOMURA HOLDINGS INC | $101.7M | 5.67% |
| DEUTSCHE BANK AG | $97.8M | 5.45% |
| BNP PARIBAS | $87.1M | 4.85% |
| BANK OF AMERICA CORPORATION | $78.0M | 4.35% |
| MIZUHO FINANCIAL GROUP INC | $60.9M | 3.40% |
VIP Strategic Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000048809 | Initial Class | 0.63% | — |
| C000048810 | Investor Class | 0.67% | — |
| C000048811 | Service Class | 0.73% | — |
| C000048812 | Service Class 2 | 0.88% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.