# EDGAR Filing Document

**Accession Number:** 0000831016
**File Stem:** 0000035402-26-001329
**Filing Date:** 2026-2
**Character Count:** 24883
**Document Hash:** 39c2b45f0278e590cfda03a6ab521ef2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001329.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001329

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS FUND II
- **CENTRAL INDEX KEY:** 0000831016

**ORGANIZATION NAME:**
- **EIN:** 042708937
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05511
- **FILM NUMBER:** 26670475

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### International Capital Appreciation Portfolio (Series ID: S000039298)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000121082 | Initial Class   |  |
| C000121084 | Investor Class  |  |
| C000121085 | Service Class   |  |
| C000121087 | Service Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Variable Insurance Products Fund II

- **b. Investment Company Act file number:** 811-05511

- **c. CIK number of Registrant:** 0000831016

- **d. LEI of Registrant:** D8TUF5IXYLDDLCD6AV58

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** VIP International Capital Appreciation Portfolio

- **b. EDGAR series identifier (if any):** S000039298

- **c. LEI of Series:** 9X7GSOP6RXNUAHN5WO09

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $893099590.54

**Total Liabilities:** $866455.77

**Net Assets:** $892233134.77

**Cash Not Reported:** $124801.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000121084 | -0.08%               | -2.44%               | 2.27%                |
| Class ID C000121082 | -0.04%               | -2.45%               | 2.29%                |
| Class ID C000121085 | -0.07%               | -2.43%               | 2.28%                |
| Class ID C000121087 | -0.11%               | -2.45%               | 2.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $17899200.53             | $-17812456.94                              |
| Month 2  | $514984.21               | $-22251723.41                              |
| Month 3  | $3025329.69              | $16502689.84                               |

### Schedule of Portfolio Investments

| Name                                      | Title                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IBERDROLA SA                              | IBERDROLA SA                                  | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |    844822 | NS      | $18293264.94  | 2.05%             |  |  |  | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                            | COMMERZBANK AG                                | CUSIP: N/A<br>LEI: 851WYGNLUQLFZBSYGB56       | Long             | EC               | CORP              | DE        |    343897 | NS      | $14589733.98  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOPSYS INC                              | SYNOPSYS INC                                  | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |     31463 | NS      | $14778800.36  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ROLLS-ROYCE HOLDINGS PLC                  | ROLLS-ROYCE HOLDINGS PLC                      | CUSIP: N/A<br>LEI: 213800EC7997ZBLZJH69       | Long             | EC               | CORP              | GB        |   1208484 | NS      | $18690066.49  | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                        | BANCO SANTANDER SA                            | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | EC               | CORP              | ES        |   1420418 | NS      | $16719016.39  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGRAND SA                                | LEGRAND SA                                    | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |     86232 | NS      | $12819488.15  | 1.44%             |  |  |  | No            |                  2 | On Loan: No      |
| ZURICH INSURANCE GROUP AG                 | ZURICH INSURANCE GROUP AG                     | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |     21472 | NS      | $16247919.98  | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| S and P GLOBAL INC                        | S and P GLOBAL INC                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     26569 | NS      | $13884693.71  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC                                  | VISA INC CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     34088 | NS      | $11955002.48  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI HEAVY INDUSTRIES LTD           | MITSUBISHI HEAVY INDS LTD                     | CUSIP: N/A<br>LEI: 353800TJ98PCAZROVE69       | Long             | EC               | CORP              | JP        |    540883 | NS      | $13204273.59  | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| RELX PLC                                  | RELX PLC                                      | CUSIP: N/A<br>LEI: 549300WSX3VBUFFJOO66       | Long             | EC               | CORP              | GB        |    351284 | NS      | $14152114.66  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| HERMES INTL SCA                           | HERMES INTERNATIONAL SA                       | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |      5219 | NS      | $13015008.63  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXT VISION STABILIZED SYSTEMS LTD        | NEXT VISION STABILIZED SYSTEMS LTD            | CUSIP: N/A<br>LEI: 2549001OCAI48UYCZD40       | Long             | EC               | CORP              | IL        |    181200 | NS      | $11943251.01  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HEIDELBERG MATERIALS AG                   | HEIDELBERG MATERIALS AG                       | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |     61774 | NS      | $16015344.61  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE INC                | CONSTELLATION SOFTWARE INC                    | CUSIP: 21037X100<br>LEI: 549300B6PYHMCTDWQV29 | Long             | EC               | CORP              | CA        |      6278 | NS      | $15100498.49  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SIEMENS ENERGY AG                         | SIEMENS ENERGY AG                             | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    122802 | NS      | $17227718.09  | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| WASTE CONNECTION INC                      | WASTE CONNECTIONS INC                         | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     72258 | NS      | $12672722.86  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                     | SPOTIFY TECHNOLOGY SA                         | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |     20975 | NS      | $12180392.25  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| RHEINMETALL                               | RHEINMETALL AG ORD                            | CUSIP: N/A<br>LEI: 5299001OU9CSE29O6S05       | Long             | EC               | CORP              | DE        |      9540 | NS      | $17501007.94  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIVA  PLC                                | AVIVA PLC                                     | CUSIP: N/A<br>LEI: YF0Y5B0IB8SM0ZFG9G81       | Long             | EC               | CORP              | GB        |   1122458 | NS      | $10355090.13  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GALLAGHER (ARTHUR J.) and CO              | ARTHUR J GALLAGHAR AND CO                     | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     48434 | NS      | $12534234.86  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE DESIGN SYSTEMS INC                | CADENCE DESIGN SYSTEMS INC                    | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     39880 | NS      | $12465690.40  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLCIM AG                                 | HOLCIM LTD                                    | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |    139413 | NS      | $13571899.75  | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                      | BANK LEUMI LE-ISRAEL BM                       | CUSIP: N/A<br>LEI: 7JDSZWRGUQY2DSTWCR57       | Long             | EC               | CORP              | IL        |    619149 | NS      | $13648477.74  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ERSTE GROUP BANK AG (UNGTD)               | ERSTE GROUP BANK AG                           | CUSIP: N/A<br>LEI: PQOH26KWDF7CG10L6792       | Long             | EC               | CORP              | AT        |    121068 | NS      | $14640520.83  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFRAN SA                                 | SAFRAN SA                                     | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     47303 | NS      | $16476442.58  | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM GROUP INC                       | TRANSDIGM GROUP INC                           | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9261 | NS      | $12315740.85  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FERROVIAL SE                              | FERROVIAL SE                                  | CUSIP: N/A<br>LEI: 72450022R2ZFL41Y6I04       | Long             | EC               | CORP              | NL        |    192591 | NS      | $12525265.11  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TENCENT HLDGS LTD                         | TENCENT HOLDINGS LTD                          | CUSIP: N/A<br>LEI: 254900N4SLUMW4XUYY11       | Long             | EC               | CORP              | KY        |    365155 | NS      | $28023287.17  | 3.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHNEIDER ELEC SA                         | SCHNEIDER ELECTRIC SE                         | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |     72710 | NS      | $19891657.38  | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS GROUP AG                              | UBS GROUP AG                                  | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |    300670 | NS      | $14029495.27  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG CO LTD           | TAIWAN SEMICONDUCTOR MFG CO LTD               | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |   1043387 | NS      | $51402134.41  | 5.76%             |  |  |  | No            |                  2 | On Loan: No      |
| CELESTICA INC                             | CELESTICA INC                                 | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     36300 | NS      | $10730643.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust              | Fidelity Cash Central Fund                    | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   7740471 | NS      | $7742019.12   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANE TECHNOLOGIES PLC                    | TRANE TECHNOLOGIES PLC                        | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |     28587 | NS      | $11126060.40  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LARSEN and TOUBRO LTD                     | LARSEN and TOUBRO LTD                         | CUSIP: N/A<br>LEI: 3358003FR3JIC5FRXA90       | Long             | EC               | CORP              | IN        |    291984 | NS      | $13268307.67  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                   | CRH PLC                                       | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |    110829 | NS      | $13899427.08  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK HAPOALIM B M                         | BANK HAPOALIM LTD (REG)                       | CUSIP: N/A<br>LEI: B6ARUI4946ST4S7WOU88       | Long             | EC               | CORP              | IL        |    619358 | NS      | $14012888.45  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD ASSET MANAGEMENT LTD           | BROOKFIELD ASSET MANAGEMENT LTD A             | CUSIP: 113004105<br>LEI: 549300CZ84WPNJZKY093 | Long             | EC               | CORP              | CA        |    233352 | NS      | $12225311.28  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC BANK LTD                             | HDFC BANK LTD (DEMAT)                         | CUSIP: N/A<br>LEI: 335800ZQ6I4E2JXENC50       | Long             | EC               | CORP              | IN        |   1285570 | NS      | $14180153.84  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BHARTI AIRTEL LTD                         | BHARTI AIRTEL LIMITED                         | CUSIP: N/A<br>LEI: 335800KQ1FPKOQ84OR26       | Long             | EC               | CORP              | IN        |    549160 | NS      | $12867633.66  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCADOLIBRE INC                          | MERCADOLIBRE INC                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      6214 | NS      | $12516611.64  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL HOTELS GROUP PLC NEW     | INTERCONTINENTAL HOTELS GP PLC                | CUSIP: N/A<br>LEI: 2138007ZFQYRUSLU3J98       | Long             | EC               | CORP              | GB        |     93414 | NS      | $13127359.03  | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I GROUP PLC                              | 3I GROUP PLC                                  | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |    302854 | NS      | $13279796.08  | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| HITACHI LTD                               | HITACHI LTD                                   | CUSIP: N/A<br>LEI: 549300T6IPOCDWLKC615       | Long             | EC               | CORP              | JP        |    631565 | NS      | $19764629.92  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| THOMSON REUTERS CORP                      | THOMSON REUTERS CORP                          | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     86705 | NS      | $11442116.24  | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| SHOPIFY INC                               | SHOPIFY INC CL A                              | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     87636 | NS      | $14106766.92  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust              | Fidelity Securities Lending Cash Central Fund | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    168223 | NS      | $168239.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ASM INTL NV                               | ASM INTERNATIONAL NV (NETH)                   | CUSIP: N/A<br>LEI: 7245001I22ND6ZFHX623       | Long             | EC               | CORP              | NL        |     24512 | NS      | $14910245.69  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC                            | MASTERCARD INC CL A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     22418 | NS      | $12797987.84  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ADANI PORTS and SPECIAL ECONOMIC ZONE LTD | ADANI PORT and SPEC ECO ZONE LTD              | CUSIP: N/A<br>LEI: 335800QOAXP5TM7OYP69       | Long             | EC               | CORP              | IN        |    683708 | NS      | $11182858.37  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML HOLDING NV                           | ASML HOLDING NV                               | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |     20850 | NS      | $22466295.58  | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| CAMECO CORP                               | CAMECO CORP                                   | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    119400 | NS      | $10933074.93  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANCO NEVADA CORP                        | FRANCO-NEVADA CORP                            | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     62646 | NS      | $12985620.53  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP PLC                         | COMPASS GROUP PLC                             | CUSIP: N/A<br>LEI: 2138008M6MH9OZ6U2T68       | Long             | EC               | CORP              | GB        |    408922 | NS      | $12956714.67  | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| DISCO CORP                                | DISCO CORP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     33000 | NS      | $10053855.00  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| DSV A/S                                   | DSV A/S                                       | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |     65407 | NS      | $16620220.59  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| MOODYS CORP                               | MOODYS CORP                                   | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     22865 | NS      | $11680585.25  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WHEATON PRECIOUS METALS CORP              | WHEATON PRECIOUS METALS CORP                  | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |    124090 | NS      | $14588293.61  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AON PLC                                   | AON PLC                                       | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | IE        |     30900 | NS      | $10903992.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI BANK LTD                            | ICICI BANK LTD (DEMAT)                        | CUSIP: N/A<br>LEI: R7RX8ER1V4666J8D1I38       | Long             | EC               | CORP              | IN        |    869354 | NS      | $13013776.83  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| SEA LTD                                   | SEA LTD ADR                                   | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |     94082 | NS      | $12002040.74  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer