# EDGAR Filing Document

**Accession Number:** 0000831016
**File Stem:** 0000356494-25-000063
**Filing Date:** 2025-7
**Character Count:** 20122
**Document Hash:** 2e97c2f358356888895b3808c3bf0c00
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000356494-25-000063.hdr.sgml**: 20250703

**ACCESSION NUMBER**: 0000356494-25-000063

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250703

**DATE AS OF CHANGE**: 20250703

**EFFECTIVENESS DATE**: 20250703

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS FUND
- **CENTRAL INDEX KEY:** 0000356494

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 002-75010
- **FILM NUMBER:** 251104185

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY CASH RESERVES II
- **DATE OF NAME CHANGE:** 19850825
**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS FUND III
- **CENTRAL INDEX KEY:** 0000927384

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-54837
- **FILM NUMBER:** 251104186

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VARIABLE INSURANCE PRODUCTS III
- **DATE OF NAME CHANGE:** 19970106

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY ADVISOR ANNUITY FUND
- **DATE OF NAME CHANGE:** 19940722
**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-20773
- **FILM NUMBER:** 251104187

**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

### Equity-Income Portfolio (Series ID: S000007716)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000020966 |
| Investor Class  | C000020967 |
| Service Class   | C000020968 |
| Service Class 2 | C000020970 |

---

### Growth Portfolio (Series ID: S000007717)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Class  | nan           | C000020971 |
| Service Class   | nan           | C000020972 |
| Service Class 2 | QVG2Q         | C000020974 |
| Initial Class   | nan           | C000023036 |

---

### High Income Portfolio (Series ID: S000007718)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Initial Class   | nan           | C000020975 |
| Investor Class  | nan           | C000020977 |
| Service Class   | nan           | C000020978 |
| Service Class 2 | QHI2Q         | C000020981 |

---

### Overseas Portfolio (Series ID: S000007720)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Initial Class   | nan           | C000020986 |
| Service Class   | nan           | C000020989 |
| Service Class 2 | QVO2Q         | C000020992 |

---

### Value Portfolio (Series ID: S000007721)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000020993 |
| Investor Class  | C000020994 |
| Service Class   | C000020995 |
| Service Class 2 | C000020996 |

---

### Floating Rate High Income Portfolio (Series ID: S000044870)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Initial Class   | nan           | C000139277 |
| Investor Class  | nan           | C000139278 |
| Service Class 2 | FFNMX         | C000259786 |

---

### Stock Selector Portfolio (Series ID: S000073966)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Investor Class  | C000231242 |
| Initial Class   | C000231243 |
| Service Class   | C000231244 |
| Service Class 2 | C000231245 |

---

### Contrafund Portfolio (Series ID: S000007724)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000021005 |
| Investor Class  | C000021006 |
| Service Class   | C000021007 |
| Service Class 2 | C000021009 |

---

### Disciplined Small Cap Portfolio (Series ID: S000007725)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000021010 |
| Investor Class  | C000021011 |
| Service Class   | C000021012 |
| Service Class 2 | C000021013 |

---

### Index 500 Portfolio (Series ID: S000007726)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Initial Class   | XAOKX         | C000021014 |
| Service Class   | QINSQ         | C000021015 |
| Service Class 2 | QVI2Q         | C000021016 |

---

### Emerging Markets Portfolio (Series ID: S000039296)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000121072 |
| Service Class   | C000121075 |
| Service Class 2 | C000121076 |

---

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

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000121082 |
| Service Class   | C000121085 |
| Service Class 2 | C000121087 |

---

### Dynamic Capital Appreciation Portfolio (Series ID: S000007731)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000021030 |
| Investor class  | C000021031 |
| Service Class   | C000021032 |
| Service Class 2 | C000021033 |

---

### Growth & Income Portfolio (Series ID: S000007732)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Initial Class   | nan           | C000021034 |
| Investor Class  | nan           | C000021035 |
| Service Class   | nan           | C000021036 |
| Service Class 2 | QGI2Q         | C000021037 |

---

### Growth Opportunities Portfolio (Series ID: S000007733)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000021038 |
| Investor Class  | C000021039 |
| Service Class   | C000021040 |
| Service Class 2 | C000021041 |

---

### Mid Cap Portfolio (Series ID: S000007734)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Investor Class  | nan           | C000021042 |
| Initial Class   | XFBRX         | C000021043 |
| Service Class   | XFBSX         | C000021044 |
| Service Class 2 | nan           | C000021045 |

---

### Value Strategies Portfolio (Series ID: S000007735)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000021046 |
| Service Class   | C000021047 |
| Service Class 2 | C000021048 |
| Investor Class  | C000021049 |

---

## Series and Classes Contracts Data

### Equity-Income Portfolio (Series ID: S000007716)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000020966 | Initial Class   |  |
| C000020967 | Investor Class  |  |
| C000020968 | Service Class   |  |
| C000020970 | Service Class 2 |  |

### Growth Portfolio (Series ID: S000007717)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000020971 | Investor Class  |  |
| C000020972 | Service Class   |  |
| C000020974 | Service Class 2 | QVG2Q           |
| C000023036 | Initial Class   |  |

### High Income Portfolio (Series ID: S000007718)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000020975 | Initial Class   |  |
| C000020977 | Investor Class  |  |
| C000020978 | Service Class   |  |
| C000020981 | Service Class 2 | QHI2Q           |

### Overseas Portfolio (Series ID: S000007720)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000020986 | Initial Class   |  |
| C000020989 | Service Class   |  |
| C000020992 | Service Class 2 | QVO2Q           |

### Value Portfolio (Series ID: S000007721)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000020993 | Initial Class   |  |
| C000020994 | Investor Class  |  |
| C000020995 | Service Class   |  |
| C000020996 | Service Class 2 |  |

### Floating Rate High Income Portfolio (Series ID: S000044870)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000139277 | Initial Class   |  |
| C000139278 | Investor Class  |  |
| C000259786 | Service Class 2 | FFNMX           |

### Stock Selector Portfolio (Series ID: S000073966)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000231242 | Investor Class  |  |
| C000231243 | Initial Class   |  |
| C000231244 | Service Class   |  |
| C000231245 | Service Class 2 |  |

### Contrafund Portfolio (Series ID: S000007724)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021005 | Initial Class   |  |
| C000021006 | Investor Class  |  |
| C000021007 | Service Class   |  |
| C000021009 | Service Class 2 |  |

### Disciplined Small Cap Portfolio (Series ID: S000007725)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021010 | Initial Class   |  |
| C000021011 | Investor Class  |  |
| C000021012 | Service Class   |  |
| C000021013 | Service Class 2 |  |

### Index 500 Portfolio (Series ID: S000007726)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021014 | Initial Class   | XAOKX           |
| C000021015 | Service Class   | QINSQ           |
| C000021016 | Service Class 2 | QVI2Q           |

### Emerging Markets Portfolio (Series ID: S000039296)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000121072 | Initial Class   |  |
| C000121075 | Service Class   |  |
| C000121076 | Service Class 2 |  |

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

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

### Dynamic Capital Appreciation Portfolio (Series ID: S000007731)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021030 | Initial Class   |  |
| C000021031 | Investor class  |  |
| C000021032 | Service Class   |  |
| C000021033 | Service Class 2 |  |

### Growth & Income Portfolio (Series ID: S000007732)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021034 | Initial Class   |  |
| C000021035 | Investor Class  |  |
| C000021036 | Service Class   |  |
| C000021037 | Service Class 2 | QGI2Q           |

### Growth Opportunities Portfolio (Series ID: S000007733)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021038 | Initial Class   |  |
| C000021039 | Investor Class  |  |
| C000021040 | Service Class   |  |
| C000021041 | Service Class 2 |  |

### Mid Cap Portfolio (Series ID: S000007734)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021042 | Investor Class  |  |
| C000021043 | Initial Class   | XFBRX           |
| C000021044 | Service Class   | XFBSX           |
| C000021045 | Service Class 2 |  |

### Value Strategies Portfolio (Series ID: S000007735)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000021046 | Initial Class   |  |
| C000021047 | Service Class   |  |
| C000021048 | Service Class 2 |  |
| C000021049 | Investor Class  |  |

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Contrafund® Portfolio, Disciplined Small Cap Portfolio, Dynamic Capital Appreciation Portfolio, Equity-Income Portfolio, Floating Rate High Income Portfolio, Growth & Income Portfolio, Growth Opportunities Portfolio, Growth Portfolio, High Income Portfolio, Mid Cap Portfolio, Stock Selector Portfolio, Value Portfolio, and Value Strategies Portfolio**

**Investor Class**

**April 30, 2025**

**STATEMENT OF ADDITIONAL INFORMATION**

*Alexandre Karam no longer serves as Co-Portfolio Manager of High Income Portfolio.*

*The following information supplements information for Contrafund® Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Nidhi Gupta as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 7 | 17 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 2 |  |  |
| Assets Managed (in millions) | $62676 | $31168 | $1 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $20250 |  |  |

---

\* Includes assets of VIP Contrafund℠ Portfolio managed by Ms. Gupta ($23,591 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Contrafund℠ Portfolio beneficially owned by Ms. Gupta was none.

*The following information supplements information for Dynamic Capital Appreciation Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Zach Turner as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 4 |  |  |
| Number of Accounts Managed with Performance-Based Advisory Fees | 3 |  |  |
| Assets Managed (in millions) | $14918 |  |  |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $14669 |  |  |

---

\* Includes VIP Dynamic Capital Appreciation Portfolio ($249 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Dynamic Capital Appreciation Portfolio beneficially owned by Mr. Turner was none.

*The following information supplements information for Growth Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Daniel Kelley as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 9 | 1 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 2 |  |  |
| Assets Managed (in millions) | $62477 | $452 | $2 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $5693 |  |  |

---

\* Includes VIP Growth Portfolio ($9,812 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Growth Portfolio beneficially owned by Mr. Kelley was none.

The following table provides information relating to other accounts managed by Christopher Lin as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 14 | 1 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 3 |  |  |
| Assets Managed (in millions) | $83435 | $4480 | $355 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $34178 |  |  |

---

\* Includes VIP Growth Portfolio ($9,812 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Growth Portfolio beneficially owned by Mr. Lin was none.

VIPINV-SSTK-0725-163-1.825687.163 July 3, 2025

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Contrafund® Portfolio, Disciplined Small Cap Portfolio, Dynamic Capital Appreciation Portfolio, Emerging Markets Portfolio, Equity-Income Portfolio, Floating Rate High Income Portfolio, Growth & Income Portfolio, Growth Opportunities Portfolio, Growth Portfolio, High Income Portfolio, Index 500 Portfolio, International Capital Appreciation Portfolio, Mid Cap Portfolio, Overseas Portfolio, Stock Selector Portfolio, Value Portfolio, and Value Strategies Portfolio**

**Initial Class, Service Class, and Service Class 2**

**April 30, 2025**

**STATEMENT OF ADDITIONAL INFORMATION**

*Alexandre Karam no longer serves as Co-Portfolio Manager of High Income Portfolio.*

*The following information supplements information for Contrafund® Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Nidhi Gupta as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 7 | 17 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 2 |  |  |
| Assets Managed (in millions) | $62676 | $31168 | $1 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $20250 |  |  |

---

\* Includes assets of VIP Contrafund℠ Portfolio managed by Ms. Gupta ($23,591 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Contrafund℠ Portfolio beneficially owned by Ms. Gupta was none.

*The following information supplements information for Dynamic Capital Appreciation Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Zach Turner as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 4 |  |  |
| Number of Accounts Managed with Performance-Based Advisory Fees | 3 |  |  |
| Assets Managed (in millions) | $14918 |  |  |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $14669 |  |  |

---

\* Includes VIP Dynamic Capital Appreciation Portfolio ($249 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Dynamic Capital Appreciation Portfolio beneficially owned by Mr. Turner was none.

*The following information supplements information for Growth Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Daniel Kelley as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 9 | 1 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 2 |  |  |
| Assets Managed (in millions) | $62477 | $452 | $2 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $5693 |  |  |

---

\* Includes VIP Growth Portfolio ($9,812 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Growth Portfolio beneficially owned by Mr. Kelley was none.

The following table provides information relating to other accounts managed by Christopher Lin as of April 30, 2025:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 14 | 1 | 1 |
| Number of Accounts Managed with Performance-Based Advisory Fees | 3 |  |  |
| Assets Managed (in millions) | $83435 | $4480 | $355 |
| Assets Managed with Performance-Based Advisory Fees (in millions) | $34178 |  |  |

---

\* Includes VIP Growth Portfolio ($9,812 (in millions) assets managed).

As of April 30, 2025, the dollar range of shares of VIP Growth Portfolio beneficially owned by Mr. Lin was none.

VIPIS2-SSTK-0725-203-1.483795.203 July 3, 2025