VIP Target Volatility Portfolio
Data updated: 2026-03-12
C000123284 — VIP Target Volatility Portfolio. United States Multi-Cap / All-Cap Blend / Core Equity · $7.53M AUM. Holdings, fees, performance and SEC filings.
C000123284 Fund Overview
VIP Target Volatility 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: $7.53M
- 1-year return: 10.9%
- SEC CIK: 0000823535
- SEC series ID: S000039767
- Share class ID: C000123284
C000123284 Investment Objective and Strategy
VIP Target Volatility 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 total return.
Principal investment strategy
Seeking to maintain a target portfolio volatility of 10% over a one-year period. Volatility is a statistical measurement of the magnitude of up and down fluctuations in the value of a financial instrument or index over time. While attempts are made to manage the funds volatility, there can be no guarantee that the fund will maintain its target volatility. Normally investing in a combination of underlying Fidelity funds, ETFs, and futures. Potentially investing up to 30% of total assets in index futures. Managing underlying holdings to achieve portfolio characteristics similar to the Fidelity VIP Target Volatility Portfolio Composite Index? over the long-term, which is a hypothetical representation of the performance of the asset classes in which the fund intends to invest, based on combinations of the following unmanaged indexes: Dow Jones U.S.
Total Stock Market Index? (equities); MSCI EAFE Index (international equities); Bloomberg Barclays U.S. Aggregate Bond Index (bonds); and Bloomberg Barclays U.S. 3 Month Treasury Bellwether Index (short-term investments). Using proprietary fundamental and quantitative fund research, considering factors including fund performance, a fund manager's experience and investment style, and fund characteristics such as expense ratio, asset size, and portfolio turnover to select underlying funds.
C000123284 Holdings
Top 10 holdings of VIP Target Volatility Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Variable Insurance Products Fund | 35.98% |
| Fidelity Income Fund | 23.96% |
| Fidelity Investment Trust | 14.92% |
| Fidelity Investment Trust | 8.53% |
| Fidelity Revere Street Trust | 4.02% |
| Fidelity Salem Street Trust | 3.95% |
| Fidelity Investment Trust | 2.85% |
| Fidelity Capital Trust | 1.90% |
| Fidelity Greenwood Street Trust | 1.25% |
| Variable Insurance Products Fund III | 0.85% |
C000123284 Portfolio Allocation
Asset-class allocation of VIP Target Volatility Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.9% |
| Cash & Equivalents | 4.0% |
C000123284 Performance
Total returns for C000123284 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 10.9% |
| 3 years (annualised) | 11.5% |
| 5 years (annualised) | 5.6% |
C000123284 Risk Information
Risk metrics for C000123284, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.4%
C000123284 Costs and Fees
C000123284 costs about $84 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.84%
- Gross expense ratio: 0.99%
- Portfolio turnover: 56%
- Brokerage commissions: 2.09 bps of average net assets (SEC N-CEN)
C000123284 Cashflows
Over the 12 months to 2025-12, VIP Target Volatility Portfolio had net outflows of $179.57M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-12 | $1.09M |
| 2025-11 | $23.53K |
| 2025-10 | −$159.31M |
| 2025-09 | −$2.99M |
| 2025-08 | −$3.33M |
| 2025-07 | −$1.57M |
C000123284 Debt Constituents
No individual debt constituents are reported in VIP Target Volatility Portfolio's latest SEC N-PORT filing.
C000123284 Prospectus and SEC Filings
Official VIP Target Volatility Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-04-18
- Prospectus (485BPOS) — filed 2024-04-19
- Prospectus (485BPOS) — filed 2023-04-21
- Portfolio holdings (N-PORT) — filed 2026-02-24
- Portfolio holdings (N-PORT) — filed 2025-11-25
- Portfolio holdings (N-PORT) — filed 2025-08-22
- 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.