VIP Emerging Markets Portfolio
Data updated: 2026-08-24
C000121074 — VIP Emerging Markets Portfolio. Emerging Markets Large Cap Blend / Core Equity · $1.91B AUM. Holdings, fees, performance and SEC filings.
C000121074 Fund Overview
VIP Emerging Markets Portfolio is a US mutual fund managed by Variable Insurance Products Fund II, categorised as Emerging Markets Large 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 II
- Category: Emerging Markets Large Cap Blend / Core Equity
- Assets under management: $1.91B
- 1-year return: 57.2%
- SEC CIK: 0000831016
- SEC series ID: S000039296
- Share class ID: C000121074
C000121074 Investment Objective and Strategy
VIP Emerging Markets Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund II.
Investment objective
VIP Emerging Markets Portfolio seeks capital appreciation.
Principal investment strategy
Normally investing at least 80% of assets in securities of issuers in emerging markets and other investments that are tied economically to emerging markets. 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. The Adviser considers a number of factors to determine whether an issuer is located in or tied economically to a particular country or region including: whether a third-party vendor has assigned a particular country or region classification to the issuer or included the issuer in an index representative of a particular country or region; the issuer's domicile, incorporation, and location of assets; whether the issuer derives at least 50% of its revenues from, or has at least 50% of its assets in, a particular country or region; the source of government guarantees (if any); and the primary trading market or listing exchange.
Whether an issuer is located in or tied economically to a particular country can be determined 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. Allocating investments across different emerging markets countries. 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.
C000121074 Holdings
Top 10 holdings of VIP Emerging Markets Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Samsung Electronics Co. Ltd. | 10.81% |
| Taiwan Semiconductor Mfg Co. Ltd. | 10.53% |
| Mediatek, Inc. | 4.32% |
| Fidelity Revere Street Trust | 4.30% |
| Tencent Hldgs Ltd. | 4.13% |
| Yageo Corp. | 2.73% |
| Credicorp Ltd. | 2.55% |
| Ase Technology Holding Co. Ltd. | 2.41% |
| Delta Electronics, Inc. | 2.29% |
| Sk Hynix, Inc. | 2.28% |
C000121074 Portfolio Allocation
Asset-class allocation of VIP Emerging Markets Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.3% |
| Cash & Equivalents | 4.7% |
C000121074 Performance
Total returns for C000121074 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 29.0% |
| 1 year | 57.2% |
| 3 years (annualised) | 27.5% |
| 5 years (annualised) | 9.6% |
C000121074 Risk Information
Risk metrics for C000121074, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 20.8%
C000121074 Costs and Fees
C000121074 costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 0.95%
- Portfolio turnover: 53%
- Brokerage commissions: 10.81 bps of average net assets (SEC N-CEN)
C000121074 Cashflows
Over the 12 months to 2026-06, VIP Emerging Markets Portfolio had net inflows of $77.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $13.49M |
| 2026-05 | $37.67M |
| 2026-04 | $25.57M |
| 2026-03 | −$5.85M |
| 2026-02 | $39.36M |
| 2026-01 | $35.34M |
C000121074 Debt Constituents
No individual debt constituents are reported in VIP Emerging Markets Portfolio's latest SEC N-PORT filing.
C000121074 Prospectus and SEC Filings
Official VIP Emerging Markets 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 Emerging Markets Large 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.