VIP Total Market Index Portfolio
Variable Insurance Products Fund II
Index fund
Expense ratio
Net assets1
$1.58B
Holdings1
2507
Category
US Equity
Return

Investment objective & strategy

As of April 18, 2025 · prospectus

Objective. VIP Total Market Index Portfolio seeks to provide investment results that correspond to the total return of a broad range of U.S. stocks.

Strategy. Normally investing at least 80% of assets in common stocks included in the Fidelity U.S. Total Investable Market IndexSM. The Fidelity U.S. Total Investable Market Index SM is a float-adjusted market capitalization-weighted index designed to reflect the performance of the U.S. equity market, including large-, mid- and small-capitalization 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 … Normally investing at least 80% of assets in common stocks included in the Fidelity U.S. Total Investable Market IndexSM. The Fidelity U.S. Total Investable Market Index SM is a float-adjusted market capitalization-weighted index designed to reflect the performance of the U.S. equity market, including large-, mid- and small-capitalization 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. Total Investable Market Index?. Lending securities to earn income for the fund.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $103.89M 6.59%
APPLE INC $91.92M 5.83%
MICROSOFT CORP $67.44M 4.28%
AMAZON.COM INC $49.67M 3.15%
ALPHABET INC CL A $41.06M 2.61%
BROADCOM INC $35.83M 2.27%
ALPHABET INC CL C $32.66M 2.07%
META PLATFORMS INC CL A $30.55M 1.94%
Fidelity Cash Central Fund $28.76M 1.83%
TESLA INC $25.61M 1.63%
View all holdings →

Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
23
Exited
41
Increased
1597
Decreased
379
Unchanged
511

How 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.

View portfolio moves →

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Advisers

As of December 31, 2025 · N-CEN
FirmRole
Fidelity Management & Research Company LLC Adviser
Geode Capital Management, LLC Sub-adviser

Footnotes

  1. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.

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