Investment objective & strategy
As of April 18, 2025 · prospectusObjective. VIP Extended Market Index Portfolio seeks to provide investment results that correspond to the total return of stocks of mid- to small-capitalization U.S. companies.
Strategy. Normally investing at least 80% of assets in common stocks included in the Fidelity U.S. Extended Investable Market IndexSM. The Fidelity U.S. Extended Investable Market Index SM is a float-adjusted market capitalization-weighted index designed to reflect the performance of U.S. mid- and small-cap stocks. Effective December 11, 2025, 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. Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price -to-earnings (P/E) ratio, price -to-book (P/B) ratio, and earnings growth to attempt to … Normally investing at least 80% of assets in common stocks included in the Fidelity U.S. Extended Investable Market IndexSM. The Fidelity U.S. Extended Investable Market Index SM is a float-adjusted market capitalization-weighted index designed to reflect the performance of U.S. mid- and small-cap stocks. Effective December 11, 2025, 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. Using statistical sampling techniques based on such factors as capitalization, industry exposures, dividend yield, price -to-earnings (P/E) ratio, price -to-book (P/B) ratio, and earnings growth to attempt to replicate the returns of the Fidelity U.S. Extended Investable Market Index?. Lending securities to earn income for the fund.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fidelity Securities Lending Cash Central Fund | — | $22.03M | 4.78% |
| Fidelity Cash Central Fund | — | $10.58M | 2.30% |
| SANDISK CORPORATION | — | $5.92M | 1.28% |
| CIENA CORP | — | $3.66M | 0.80% |
| LUMENTUM HOLDINGS INC | — | $3.33M | 0.72% |
| COMFORT SYSTEMS USA INC | — | $3.24M | 0.70% |
| ANGLOGOLD ASHANTI PLC | — | $2.76M | 0.60% |
| COHERENT CORP | — | $2.50M | 0.54% |
| EMCOR GROUP INC | — | $2.21M | 0.48% |
| ROCKET LAB CORP | — | $2.02M | 0.44% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity ZERO Extended Market Index Fund · FZIPX | 92% | 0.00% |
| Fidelity Extended Market Index Fund · FSMAX | 79% | 0.03% |
| iShares Russell Small/Mid-Cap Index Fund | 78% | 0.07% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.