QHI2Q Fees and Costs — VIP High Income Portfolio, Service Class 2
Data updated: 2026-08-24
The net expense ratio is 1.06% (1.07% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 81%.
QHI2Q Fees and Expenses
Annual operating expenses and sales charges of QHI2Q. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.02% |
| Gross expense ratio | 1.07% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
QHI2Q Costs Over Time
On $10,000 invested in QHI2Q, assuming 5% a year before costs, total costs come to $663 over 5 years, cutting the return by 1.11% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.06%) | $111 | $347 | $601 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $365 | $663 |
| Value after costs | $10,389 | $11,212 | $12,100 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
QHI2Q Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $1.1B
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $58.2M
- Net income from securities lending: $151K (0.019% of average net assets)
QHI2Q Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS GROUP INC (THE) | $5K | 43.11% |
| MORGAN STANLEY | $996 | 9.44% |
| JEFFERIES FINANCIAL GROUP INC | $942 | 8.93% |
| BANK OF AMERICA CORPORATION | $813 | 7.71% |
| CONDOR TRADING LLC | $689 | 6.53% |
| UBS GROUP AG | $680 | 6.44% |
| STIFEL FINANCIAL CORP | $575 | 5.45% |
| BAIRD FINANCIAL GROUP INC/WISCONSIN | $532 | 5.05% |
| CITIGROUP INC | $460 | 4.36% |
| TP ICAP GROUP PLC | $315 | 2.99% |
QHI2Q Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES FINANCIAL GROUP INC | $209.7M | 22.20% |
| JPMORGAN CHASE and CO | $150.9M | 15.98% |
| MORGAN STANLEY | $129.1M | 13.67% |
| GOLDMAN SACHS GROUP INC (THE) | $104.0M | 11.02% |
| BANK OF AMERICA CORPORATION | $95.9M | 10.15% |
| CITIGROUP INC | $75.1M | 7.96% |
| BARCLAYS PLC | $74.5M | 7.89% |
| WELLS FARGO and CO | $57.9M | 6.13% |
| ROYAL BANK OF CANADA | $27.8M | 2.95% |
| BNP PARIBAS | $19.3M | 2.04% |
VIP High Income Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000020975 | Initial Class | 0.81% | — |
| C000020977 | Investor Class | 0.85% | — |
| C000020978 | Service Class | 0.91% | — |
| QHI2Q | Service Class 2 | 1.06% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.