VIP Floating Rate High Income Portfolio
Data updated: 2026-08-24
C000139278 — VIP Floating Rate High Income Portfolio. Intermediate Corporate Bond · $418.18M AUM. Holdings, fees, performance and SEC filings.
C000139278 Fund Overview
VIP Floating Rate High Income Portfolio is a US mutual fund managed by Variable Insurance Products Fund, categorised as Intermediate Corporate Bond. 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
- Category: Intermediate Corporate Bond
- Assets under management: $418.18M
- 1-year return: 4.6%
- SEC CIK: 0000356494
- SEC series ID: S000044870
- Share class ID: C000139278
C000139278 Investment Objective and Strategy
VIP Floating Rate High Income Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund.
Investment objective
VIP Floating Rate High Income Portfolio seeks a high level of current income.
Principal investment strategy
Normally investing at least 80% of assets in a combination of below investment grade floating rate loans and floating rate loans and floating rate securities of all types. Floating rate loans are debt instruments issued by companies or other entities that pay a floating rate of interest, which resets periodically. Floating rate loans include loans and loan participations. Floating rate securities include corporate bonds, repurchase agreements, shares of short-term bond funds, mortgage and other asset-backed securities, and other securities, such as hybrids and synthetic securities, believed to have debt-like characteristics (e.g., securities classified as Tier 2 Regulatory capital, securities that rank above share capital in an insolvency waterfall, securities with maturity dates and non-cancellable interest payment structures).
Below investment grade floating rate loans and securities are floating rate loans and securities that are rated below BBB- or its equivalent by at least one nationally recognized statistical ratings organization (NRSRO), or, if unrated, determined by the Adviser to be of comparable quality. 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. Investing in companies in troubled or uncertain financial condition. Investing in money market and investment-grade debt securities, and repurchase agreements. Investing in domestic and foreign issuers.
Using fundamental analysis of each issuer's financial condition and industry position and market and economic conditions to select investments.
C000139278 Holdings
Top 10 holdings of VIP Floating Rate High Income Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Fidelity Revere Street Trust | 6.32% |
| Great Outdoors Group LLC | 2.57% |
| Fertitta Entertainment LLC NV | 1.29% |
| Acrisure LLC | 1.09% |
| Asurion LLC | 0.93% |
| Polaris Newco LLC | 0.91% |
| Altice France SA | 0.90% |
| Neptune Bidco US, Inc. | 0.84% |
| Ukg, Inc. | 0.82% |
| Crown Finance US, Inc. | 0.80% |
C000139278 Portfolio Allocation
Asset-class allocation of VIP Floating Rate High Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 90.4% |
| Cash & Equivalents | 6.5% |
| Fixed Income | 3.4% |
| Equity | 2.1% |
| Securitized | 0.4% |
C000139278 Performance
Total returns for C000139278 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
| 1 year | 4.6% |
| 3 years (annualised) | 6.9% |
| 5 years (annualised) | 5.5% |
C000139278 Risk Information
Risk metrics for C000139278, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.9%
C000139278 Costs and Fees
C000139278 costs about $76 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.76%
- Gross expense ratio: 0.76%
- Portfolio turnover: 55%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000139278 Cashflows
Over the 12 months to 2026-06, VIP Floating Rate High Income Portfolio had net inflows of $3.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $942.08K |
| 2026-05 | $3.75M |
| 2026-04 | $1.64M |
| 2026-03 | −$1.86M |
| 2026-02 | −$8.35M |
| 2026-01 | −$4.04M |
C000139278 Debt Constituents
Largest debt holdings of VIP Floating Rate High Income Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Asurion Llc/ Asurion Co.-Issuer, Inc. | 0.67% |
| Echostar Corp. | 0.21% |
| Mpt Oper Partnership LP / Mpt Fin Corp. | 0.20% |
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 0.18% |
| Neptune Bidco US, Inc. | 0.17% |
| Dish Network Corp. | 0.16% |
| Univision Communications, Inc. | 0.14% |
| Acrisure LLC / Acrisure Finance, Inc. | 0.14% |
| Staples, Inc. | 0.13% |
| Transdigm, Inc. | 0.12% |
C000139278 Prospectus and SEC Filings
Official VIP Floating Rate High Income 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 Intermediate Corporate Bond 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.