VIP FundsManager 40% Portfolio
Data updated: 2026-08-24
C000240975 — VIP FundsManager 40% Portfolio. United States Multi-Cap / All-Cap Blend / Core Equity · $72.21M AUM. Holdings, fees, performance and SEC filings.
C000240975 Fund Overview
VIP FundsManager 40% 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: $72.21M
- 1-year return: 13.5%
- SEC CIK: 0000823535
- SEC series ID: S000079709
- Share class ID: C000240975
C000240975 Investment Objective and Strategy
VIP FundsManager 40% Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Variable Insurance Products Fund V.
Investment objective
VIP FundsManager 40% Portfolio seeks current income as well as total return. The fund also considers the potential for capital appreciation.
Principal investment strategy
Normally investing in a combination of underlying Fidelity retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity funds). Using a target asset allocation among underlying Fidelity funds of approximately: Domestic Equity Funds 24% International Equity Funds 16% Fixed-Income Funds 45% Money Market Funds 15% Actively managing underlying Fidelity fund holdings to achieve portfolio characteristics similar to the Fidelity VIP FundsManager 40% Composite Index?, which is a hypothetical representation of the performance of the asset classes in which the underlying Fidelity funds invest, based on combinations of the following unmanaged indexes: Dow Jones U.S. Total Stock Market Index? (equities); MSCI ACWI ex USA Index (international equities); Bloomberg U.S.
Aggregate Bond Index (bonds); and Bloomberg 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 Fidelity funds.
C000240975 Holdings
Top 10 holdings of VIP FundsManager 40% Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Variable Insurance Products Fund V | 19.34% |
| Fidelity Income Fund | 19.28% |
| Variable Insurance Products Fund | 19.22% |
| Fidelity Colchester Street Trust | 8.58% |
| Fidelity Investment Trust | 4.61% |
| Fidelity Revere Street Trust | 4.27% |
| Fidelity Investment Trust | 3.82% |
| Fidelity Salem Street Trust | 1.94% |
| Fidelity Investment Trust | 1.90% |
| Fidelity Advisor Series VIII | 1.80% |
C000240975 Portfolio Allocation
Asset-class allocation of VIP FundsManager 40% Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.5% |
| Cash & Equivalents | 4.3% |
| Fixed Income | 0.1% |
C000240975 Performance
Total returns for C000240975 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.1% |
| 1 year | 13.5% |
| 3 years (annualised) | 10.7% |
C000240975 Risk Information
Risk metrics for C000240975, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.6%
C000240975 Costs and Fees
C000240975 costs about $57 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.57%
- Gross expense ratio: 0.62%
- Portfolio turnover: 45%
- Brokerage commissions: 0.19 bps of average net assets (SEC N-CEN)
C000240975 Cashflows
Over the 12 months to 2026-06, VIP FundsManager 40% Portfolio had net inflows of $33.23M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $615.21K |
| 2026-05 | $2.01M |
| 2026-04 | $2.23M |
| 2026-03 | $1.92M |
| 2026-02 | $759.95K |
| 2026-01 | $6.62M |
C000240975 Debt Constituents
Largest debt holdings of VIP FundsManager 40% Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Ust Bills | 0.04% |
| Ust Bills | 0.03% |
C000240975 Prospectus and SEC Filings
Official VIP FundsManager 40% 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 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.