VIP Freedom 2005 Portfolio
Data updated: 2024-05-23
C000048822 — VIP Freedom 2005 Portfolio. Target Date / Glide Path Allocation · $9.42M AUM · 0.47% expense ratio. Holdings, fees, performance and SEC filings.
C000048822 Fund Overview
VIP Freedom 2005 Portfolio is a US mutual fund managed by Variable Insurance Products Fund V, categorised as Target Date / Glide Path Allocation. 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: Target Date / Glide Path Allocation
- Assets under management: $9.42M
- 1-year return: 5.6%
- SEC CIK: 0000823535
- SEC series ID: S000017669
- Share class ID: C000048822
C000048822 Investment Objective and Strategy
VIP Freedom 2005 Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund V.
Investment objective
The fund seeks high total return with a secondary objective of principal preservation as the fund approaches its target date and beyond.
Principal investment strategy
Investing in a combination of Fidelity domestic equity funds, international equity funds (developed and emerging markets), bond funds, and short-term funds (underlying Fidelity funds). Allocating assets according to a neutral asset allocation strategy shown in the glide path below that becomes increasingly conservative until it reaches an allocation similar to that of the VIP Freedom Income Portfolio?, approximately 10 to 19 years after the year 2005 (approximately 17% in domestic equity funds, 7% in international equity funds, 46% in bond funds, and 30% in short-term funds). 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. FMR Co., Inc. (FMRC) may continue to seek high total return for several years beyond the fund's target retirement date in an effort to achieve the fund's overall investment objective.
As of December 31, 2017, the fund's neutral asset allocation to underlying Fidelity funds and futures was approximately: Domestic Equity Funds* 23 International Equity Funds* 10 Bond Funds* 43 Short-Term Funds* 24 * FMRC may change these percentages over time. As a result of the active asset allocation strategy (discussed below), actual allocations may differ from the neutral allocations above. The allocation percentages may not add to 100% due to rounding. FMRC may use an active asset allocation strategy to increase or decrease neutral asset class exposures reflected above by up to 10% for equity funds (includes domestic equity and international equity funds), bond funds and short-term funds to reflect FMRC's market outlook, which is primarily focused on the intermediate term. The asset allocations in the glide path and pie chart above are referred to as neutral because they do not reflect any decisions made by FMRC to overweight or underweight an asset class.
FMRC may also make active asset allocations within other asset classes (including commodities, high yield debt, floating rate debt, real estate debt, inflation-protected debt, and emerging markets debt) from 0% to 10% individually but no more than 25% in aggregate within those other asset classes. Such asset classes are not reflected in the neutral asset allocations reflected in the glide path and pie chart above. Designed for investors who retired in or within a few years of 2005 (target retirement date) at or around age 65 and plan to gradually withdraw the value of their account in the fund over time.
C000048822 Holdings
Top 10 holdings of VIP Freedom 2005 Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Variable Insurance Products Fund V | 39.94% |
| Fidelity Salem Street Trust | 17.00% |
| Variable Insurance Products Fund V | 14.91% |
| Variable Insurance Products Fund | 7.35% |
| Variable Insurance Products Fund II | 5.11% |
| Fidelity Salem Street Trust | 2.80% |
| Fidelity Salem Street Trust | 2.54% |
| Variable Insurance Products Fund | 2.49% |
| Variable Insurance Products Fund III | 1.70% |
| Variable Insurance Products Fund | 1.65% |
C000048822 Portfolio Allocation
Asset-class allocation of VIP Freedom 2005 Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000048822 Performance
Total returns for C000048822 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 5.6% |
| 3 years (annualised) | 0.0% |
C000048822 Risk Information
Risk metrics for C000048822, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.7%
C000048822 Costs and Fees
C000048822 costs about $47 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.47%
- Gross expense ratio: 0.47%
- Portfolio turnover: 29%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000048822 Cashflows
Over the 12 months to 2024-03, VIP Freedom 2005 Portfolio had net outflows of $1.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $246.51K |
| 2024-02 | $15.52K |
| 2024-01 | $150.59K |
| 2023-12 | $273.08K |
| 2023-11 | $67.05K |
| 2023-10 | −$624.24K |
C000048822 Debt Constituents
No individual debt constituents are reported in VIP Freedom 2005 Portfolio's latest SEC N-PORT filing.
C000048822 Prospectus and SEC Filings
Official VIP Freedom 2005 Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-04-19
- Prospectus (485BPOS) — filed 2023-04-21
- Prospectus supplement (497) — filed 2023-09-22
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Portfolio holdings (N-PORT) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2023-11-27
- Annual census (N-CEN) — filed 2024-03-13
- Annual census (N-CEN) — filed 2023-03-15
Related Funds
Other Target Date / Glide Path Allocation 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.