# EDGAR Filing Document

**Accession Number:** 0001999801
**File Stem:** 0001999801-26-000009
**Filing Date:** 2026-2
**Character Count:** 150014
**Document Hash:** 5b35b7de0c1355d137446fabff6df6f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999801-26-000009.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0001999801-26-000009

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 29

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**EFFECTIVENESS DATE**: 20260220

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Insurance Products Fund VI
- **CENTRAL INDEX KEY:** 0001999801

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

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23919
- **FILM NUMBER:** 26657439

**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

### Hedged Equity Portfolio (Series ID: S000084059)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000248304 | Service Class   | FVHKV           |
| C000248305 | Initial Class   | FVHJV           |
| C000248306 | Service Class 2 | FVHLV           |
| C000248307 | Investor Class  | FVHMV           |

?xml version='1.0' encoding='ASCII'? Prospectus - Investment Objective

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number <u>811-23919</u>

<u>Variable Insurance Products Fund VI</u>

(Exact name of registrant as specified in charter)

<u>245 Summer St., Boston, Massachusetts 02210</u>

(Address of principal executive offices) &nbsp;&nbsp;&nbsp;&nbsp; (Zip code)

Nicole Macarchuk, Secretary

245 Summer St.

<u>Boston, Massachusetts 02210</u>

(Name and address of agent for service)

Registrant's telephone number, including area code:

<u>617-563-7000</u>

---

| | |
|:---|:---|
| &nbsp;&nbsp;Date of fiscal year end: | &nbsp;&nbsp;December 31 |
| &nbsp;&nbsp;Date of reporting period: | &nbsp;&nbsp;December 31, 2025 |

---

Item 1.

<u>Reports to Stockholders</u>

---

| |
|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF DECEMBER 31, 2025 |
| VIP Hedged Equity Portfolio<br> **VIP Hedged Equity Portfolio Initial Class true** <br>|

---

This annual shareholder report contains information about VIP Hedged Equity Portfolio for the period January 23, 2025 to December 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to funddocuments@fmr.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Initial Class A | $52  | 0.52% |

---

AExpenses for the full reporting period would be higher.

**What affected the Fund's performance this period?**

• U.S. equities achieved a strong gain in 2025, extending a historically fast rebound that began in early April, bolstered by strong corporate fundamentals, a resilient economy and the Federal Reserve's first interest-rate reductions since December 2024.

• Against this backdrop, the fund performed in line with its defensive orientation delivering strong returns with less volatility than the S&P 500® Index.

• The fund's relative underperformance of the S&P 500® Index was primarily due to the on-going cost of hedging the portfolio's downside risk during a period of strong appreciation for the broader market.

• The fund's slight outperformance relative to its supplemental benchmark, the CBOE Put Protection Index, was attributable to its typically more defensive positioning during the April market drawdown.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

January 23, 2025 through December 31, 2025.

Initial investment of $10,000.

---

| | |
|:---|:---|
| Initial Class<br>| $10000 |
| CBOE S&P 500 5% Put Protection Index<br>| $10000 |
| S&P 500® Index<br>| $10000 |
|  | 2025 |

---

![](img123549_1.jpg)

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph does not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of December 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $14849257<br>|
| Number of Holdings | 435<br>|
| Total Advisory Fee | $36098<br>|
| Portfolio Turnover | 76%<br>|

---

**What did the Fund invest in?** (as of December 31, 2025)

---

| | |
|:---|:---|
| **DERIVATIVE EXPOSURE**<br> **(% of Fund's net assets)** |  |
| Options | 1.0 |

---

Common Stocks 97.7 <br> Domestic Equity Funds 1.4 <br> Options 1.0

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's total exposure)** |
| ![](img7582_20251231_AA.jpg) <br>|

---

---

| |
|:---|
| Common Stocks - 97.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Domestic Equity Funds - 1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Options - 1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - (0.1)% |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| NVIDIA Corp | 7.8<br>|
| Apple Inc | 6.9<br>|
| Microsoft Corp | 6.3<br>|
| Alphabet Inc Class A | 5.0<br>|
| Amazon.com Inc | 4.0<br>|
| Broadcom Inc | 2.9<br>|
| Meta Platforms Inc Class A | 2.6<br>|
| Tesla Inc | 2.2<br>|
| Berkshire Hathaway Inc Class B | 1.9<br>|
| JPMorgan Chase & Co | 1.9<br>|
|  | 41.5 |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7582_20251231_2.jpg)<br>| ![](img123549_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9919592.100 7582-TSRA-0226 <br>|

---

---

| |
|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF DECEMBER 31, 2025 |
| VIP Hedged Equity Portfolio<br> **VIP Hedged Equity Portfolio Service Class true** <br>|

---

This annual shareholder report contains information about VIP Hedged Equity Portfolio for the period January 23, 2025 to December 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to funddocuments@fmr.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Service Class A | $62  | 0.62% |

---

AExpenses for the full reporting period would be higher.

**What affected the Fund's performance this period?**

• U.S. equities achieved a strong gain in 2025, extending a historically fast rebound that began in early April, bolstered by strong corporate fundamentals, a resilient economy and the Federal Reserve's first interest-rate reductions since December 2024.

• Against this backdrop, the fund performed in line with its defensive orientation delivering strong returns with less volatility than the S&P 500® Index.

• The fund's relative underperformance of the S&P 500® Index was primarily due to the on-going cost of hedging the portfolio's downside risk during a period of strong appreciation for the broader market.

• The fund's slight outperformance relative to its supplemental benchmark, the CBOE Put Protection Index, was attributable to its typically more defensive positioning during the April market drawdown.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

January 23, 2025 through December 31, 2025.

Initial investment of $10,000.

---

| | |
|:---|:---|
| Service Class<br>| $10000 |
| CBOE S&P 500 5% Put Protection Index<br>| $10000 |
| S&P 500® Index<br>| $10000 |
|  | 2025 |

---

![](img123550_1.jpg)

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph does not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of December 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $14849257<br>|
| Number of Holdings | 435<br>|
| Total Advisory Fee | $36098<br>|
| Portfolio Turnover | 76%<br>|

---

**What did the Fund invest in?** (as of December 31, 2025)

---

| | |
|:---|:---|
| **DERIVATIVE EXPOSURE**<br> **(% of Fund's net assets)** |  |
| Options | 1.0 |

---

Common Stocks 97.7 <br> Domestic Equity Funds 1.4 <br> Options 1.0

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's total exposure)** |
| ![](img7582_20251231_AA.jpg) <br>|

---

---

| |
|:---|
| Common Stocks - 97.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Domestic Equity Funds - 1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Options - 1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - (0.1)% |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| NVIDIA Corp | 7.8<br>|
| Apple Inc | 6.9<br>|
| Microsoft Corp | 6.3<br>|
| Alphabet Inc Class A | 5.0<br>|
| Amazon.com Inc | 4.0<br>|
| Broadcom Inc | 2.9<br>|
| Meta Platforms Inc Class A | 2.6<br>|
| Tesla Inc | 2.2<br>|
| Berkshire Hathaway Inc Class B | 1.9<br>|
| JPMorgan Chase & Co | 1.9<br>|
|  | 41.5 |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7582_20251231_2.jpg)<br>| ![](img123550_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9919594.100 7583-TSRA-0226 <br>|

---

---

| |
|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF DECEMBER 31, 2025 |
| VIP Hedged Equity Portfolio<br> **VIP Hedged Equity Portfolio Service Class 2 true** <br>|

---

This annual shareholder report contains information about VIP Hedged Equity Portfolio for the period January 23, 2025 to December 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to funddocuments@fmr.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Service Class 2 A | $77  | 0.77% |

---

AExpenses for the full reporting period would be higher.

**What affected the Fund's performance this period?**

• U.S. equities achieved a strong gain in 2025, extending a historically fast rebound that began in early April, bolstered by strong corporate fundamentals, a resilient economy and the Federal Reserve's first interest-rate reductions since December 2024.

• Against this backdrop, the fund performed in line with its defensive orientation delivering strong returns with less volatility than the S&P 500® Index.

• The fund's relative underperformance of the S&P 500® Index was primarily due to the on-going cost of hedging the portfolio's downside risk during a period of strong appreciation for the broader market.

• The fund's slight outperformance relative to its supplemental benchmark, the CBOE Put Protection Index, was attributable to its typically more defensive positioning during the April market drawdown.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

January 23, 2025 through December 31, 2025.

Initial investment of $10,000.

---

| | |
|:---|:---|
| Service Class 2<br>| $10000 |
| CBOE S&P 500 5% Put Protection Index<br>| $10000 |
| S&P 500® Index<br>| $10000 |
|  | 2025 |

---

![](img123551_1.jpg)

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph does not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of December 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $14849257<br>|
| Number of Holdings | 435<br>|
| Total Advisory Fee | $36098<br>|
| Portfolio Turnover | 76%<br>|

---

**What did the Fund invest in?** (as of December 31, 2025)

---

| | |
|:---|:---|
| **DERIVATIVE EXPOSURE**<br> **(% of Fund's net assets)** |  |
| Options | 1.0 |

---

Common Stocks 97.7 <br> Domestic Equity Funds 1.4 <br> Options 1.0

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's total exposure)** |
| ![](img7582_20251231_AA.jpg) <br>|

---

---

| |
|:---|
| Common Stocks - 97.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Domestic Equity Funds - 1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Options - 1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - (0.1)% |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| NVIDIA Corp | 7.8<br>|
| Apple Inc | 6.9<br>|
| Microsoft Corp | 6.3<br>|
| Alphabet Inc Class A | 5.0<br>|
| Amazon.com Inc | 4.0<br>|
| Broadcom Inc | 2.9<br>|
| Meta Platforms Inc Class A | 2.6<br>|
| Tesla Inc | 2.2<br>|
| Berkshire Hathaway Inc Class B | 1.9<br>|
| JPMorgan Chase & Co | 1.9<br>|
|  | 41.5 |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7582_20251231_2.jpg)<br>| ![](img123551_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9919596.100 7584-TSRA-0226 <br>|

---

---

| |
|:---|
| **ANNUAL SHAREHOLDER REPORT \|** AS OF DECEMBER 31, 2025 |
| VIP Hedged Equity Portfolio<br> **VIP Hedged Equity Portfolio Investor Class true** <br>|

---

This annual shareholder report contains information about VIP Hedged Equity Portfolio for the period January 23, 2025 to December 31, 2025. You can find additional information about the Fund at **fundresearch.fidelity.com/prospectus/sec**. You can also request this information by contacting us at 1-877-208-0098 or by sending an e-mail to funddocuments@fmr.com.

**What were your Fund costs for the last year?**

(based on hypothetical $10,000 investment)

**FUND COST (PREVIOUS YEAR)**

---

| | | |
|:---|:---|:---|
|  | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment**  |
| Investor Class A | $55  | 0.55% |

---

AExpenses for the full reporting period would be higher.

**What affected the Fund's performance this period?**

• U.S. equities achieved a strong gain in 2025, extending a historically fast rebound that began in early April, bolstered by strong corporate fundamentals, a resilient economy and the Federal Reserve's first interest-rate reductions since December 2024.

• Against this backdrop, the fund performed in line with its defensive orientation delivering strong returns with less volatility than the S&P 500® Index.

• The fund's relative underperformance of the S&P 500® Index was primarily due to the on-going cost of hedging the portfolio's downside risk during a period of strong appreciation for the broader market.

• The fund's slight outperformance relative to its supplemental benchmark, the CBOE Put Protection Index, was attributable to its typically more defensive positioning during the April market drawdown.

**How did the Fund perform over the life of Fund?**

**CUMULATIVE PERFORMANCE**

January 23, 2025 through December 31, 2025.

Initial investment of $10,000.

---

| | |
|:---|:---|
| Investor Class<br>| $10000 |
| CBOE S&P 500 5% Put Protection Index<br>| $10000 |
| S&P 500® Index<br>| $10000 |
|  | 2025 |

---

![](img123552_1.jpg)

---

| |
|:---|
| Visit **institutional.fidelity.com** for more recent performance information. <br>|
| *The Fund's past performance is not a good predictor of the Fund's future performance.* The graph does not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.<br>|

---

**Key Fund Statistics**

(as of December 31, 2025)

---

| | |
|:---|:---|
| **KEY FACTS**<br>|  |
| Fund Size | $14849257<br>|
| Number of Holdings | 435<br>|
| Total Advisory Fee | $36098<br>|
| Portfolio Turnover | 76%<br>|

---

**What did the Fund invest in?** (as of December 31, 2025)

---

| | |
|:---|:---|
| **DERIVATIVE EXPOSURE**<br> **(% of Fund's net assets)** |  |
| Options | 1.0 |

---

Common Stocks 97.7 <br> Domestic Equity Funds 1.4 <br> Options 1.0

---

| |
|:---|
| **ASSET ALLOCATION (% of Fund's total exposure)** |
| ![](img7582_20251231_AA.jpg) <br>|

---

---

| |
|:---|
| Common Stocks - 97.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; |
| Domestic Equity Funds - 1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Options - 1.0&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  |
| Short-Term Investments and Net Other Assets (Liabilities) - (0.1)% |

---

---

| | |
|:---|:---|
| **TOP HOLDINGS**<br>**(% of Fund's net assets)**  |  |
| NVIDIA Corp | 7.8<br>|
| Apple Inc | 6.9<br>|
| Microsoft Corp | 6.3<br>|
| Alphabet Inc Class A | 5.0<br>|
| Amazon.com Inc | 4.0<br>|
| Broadcom Inc | 2.9<br>|
| Meta Platforms Inc Class A | 2.6<br>|
| Tesla Inc | 2.2<br>|
| Berkshire Hathaway Inc Class B | 1.9<br>|
| JPMorgan Chase & Co | 1.9<br>|
|  | 41.5 |

---

---

| | | |
|:---|:---|:---|
| Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. | Fidelity, the Fidelity Investments Logo and all other Fidelity trademarks or service marks used herein are trademarks or service marks of FMR LLC. Any third-party marks that are used herein are trademarks or service marks of their respective owners.© 2026 FMR LLC. All rights reserved. |
| ![](img7582_20251231_2.jpg)<br>| ![](img123552_3.jpg) | For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, scan the QR code or visit **fundresearch.fidelity.com/prospectus/sec**<br> 1.9919590.100 7585-TSRA-0226 <br>|

---

Item 2.

<u>Code of Ethics</u>

As of the end of the period, December 31, 2025, Variable Insurance Products Fund VI (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

Item 3.

<u>Audit Committee Financial Expert</u>

The Board of Trustees of the trust has determined that Jennifer M. Birmingham is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Ms. Birmingham is independent for purposes of Item 3 of Form N-CSR.

Item 4.

<u>Principal Accountant Fees and Services</u>

<u>Fees and Services</u>

The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, "Deloitte Entities") in each of the last two fiscal years for services rendered to VIP Hedged Equity Portfolio (the "Fund"):

**<u>Services Billed by Deloitte Entities</u>**

**<u>December 31, 2025 Fees</u><sup>A,B</sup>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Audit Fees** | &nbsp;&nbsp; **Audit-Related Fees** | &nbsp;&nbsp; **Tax Fees** | &nbsp;&nbsp; **All Other Fees** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; VIP Hedged Equity Portfolio | &nbsp;&nbsp; $48500  | &nbsp;&nbsp; $-  | &nbsp;&nbsp; $10000  | &nbsp;&nbsp; $1300  |

---

**<u>December 31, 2024 Fees</u><sup>B</sup>**

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; **Audit Fees** | &nbsp;&nbsp; **Audit-Related Fees** | &nbsp;&nbsp; **Tax Fees** | &nbsp;&nbsp; **All Other Fees** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; VIP Hedged Equity Portfolio | &nbsp;&nbsp; $-  | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- |

---

<sup>A</sup> Amounts may reflect rounding.

<sup>B</sup> VIP Hedged Equity Portfolio commenced operations on January 23, 2025.

The following table(s) present(s) fees billed by Deloitte Entities that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Diversifying Solutions LLC ("FDS") and entities controlling, controlled by, or under common control with FDS (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) ("Fund Service Providers"):

**<u>Services Billed by Deloitte Entities</u>**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **<u>December 31, 2025</u><sup>A,B</sup>** | &nbsp;&nbsp; **<u>December 31, 2024</u><sup>A,B</sup>** |
| &nbsp;&nbsp; Audit-Related Fees | &nbsp;&nbsp; $125000 | &nbsp;&nbsp; $125000 |
| &nbsp;&nbsp; Tax Fees | &nbsp;&nbsp; $- | &nbsp;&nbsp; $- |
| &nbsp;&nbsp; All Other Fees | &nbsp;&nbsp; $1970400 | &nbsp;&nbsp; $2929500 |

---

<sup>A</sup> Amounts may reflect rounding.

<sup>B</sup> May include amounts billed prior to the Hedged Equity Portfolio's commencement of operations.

"Audit-Related Fees" represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.

"Tax Fees" represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.

"All Other Fees" represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.

Assurance services must be performed by an independent public accountant.

\* \* \*

The aggregate non-audit fees billed by Deloitte Entities for services rendered to the Fund(s), FDS (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **<u>Billed By</u>** | &nbsp;&nbsp; **<u>December 31, 2025</u><sup>A,B</sup>** | &nbsp;&nbsp; **<u>December 31, 2024</u><sup>A,B</sup>** |
| &nbsp;&nbsp; Deloitte Entities | &nbsp;&nbsp; $2443500  | &nbsp;&nbsp; $3349000  |

---

<sup>A</sup> Amounts may reflect rounding.

<sup>B</sup> May include amounts billed prior to the Hedged Equity Portfolio's commencement of operations.

The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FDS's review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.

<u>Audit Committee Pre-Approval Policies and Procedures</u>

The trust's Audit Committee must pre-approve all audit and non-audit services provided by a fund's independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee's consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund ("Covered Service") are subject to approval by the Audit Committee before such service is provided.

All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair's absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.

Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.

<u>Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X ("De Minimis Exception")</u>

There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund's(s') last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).

The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the "PCAOB") has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

The Registrant is not a "foreign issuer," as defined in 17 CFR 240.3b-4.

Item 5.

<u>Audit Committee of Listed Registrants</u>

Not applicable.

Item 6.

<u>Investments</u>

(a) Not applicable.

(b) Not applicable.

Item 7.

<u>Financial Statements and Financial Highlights for Open-End Management Investment Companies</u>

**VIP Hedged Equity Portfolio**

**Annual Report**

**December 31, 2025**

![](img123233_1.jpg)

![](img123233_2.jpg)

**Contents**

---

| |
|:---|
| **[Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report)](#Sec_Item7_VHEI-ANN_0)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[VIP Hedged Equity Portfolio](#Sub_Sec_Fund_7582_VHEI-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Notes to Financial Statements](#Sub_Sec_NotestoFinancialStatements7582_VHEI-ANN)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Report of Independent Registered Public Accounting Firm](#Sub_Sec_ReportofIndependentRegisteredPublicAccountingFirm_VHEI-ANN_0)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **[Distributions](#Sub_Sec_Distributions_VHEI-ANN)** |
| **[Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies](#Sec_Item8_VHEI-ANN)** |
| **[Item 9: Proxy Disclosures for Open-End Management Investment Companies](#Sec_Item9_VHEI-ANN)** |
| **[Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies](#Sec_Item10_VHEI-ANN)** |
| **[Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract](#Sec_Item11_VHEI-ANN)** |

---

To view a fund's proxy voting guidelines and proxy voting record for the 12-month period ended June 30, visit http://www.fidelity.com/proxyvotingresults or visit the Securities and Exchange Commission's (SEC) web site at http://www.sec.gov.

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Fidelity® Variable Insurance Products are separate account options which are purchased through a variable insurance contract.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

All other marks appearing herein are registered or unregistered trademarks or service marks of FMR LLC or an affiliated company.© 2026 FMR LLC. All rights reserved.

*This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.*

*A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.*

*For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.*

**NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE**

*Neither the Fund nor Fidelity Distributors Corporation is a bank.*

**Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies (Annual Report)**

**VIP Hedged Equity Portfolio**

**Schedule of Investments December 31, 2025**

Showing Percentage of Net Assets

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks - 97.7%** | &nbsp;&nbsp;**Common Stocks - 97.7%** | &nbsp;&nbsp;**Common Stocks - 97.7%** |
|  | Shares | Value ($)<br>|
| AUSTRALIA - 0.0%  |  |  |
| Materials - 0.0% |  |  |
| Metals & Mining - 0.0% |  |  |
| Anglogold Ashanti Plc  | 77 | 6567 |
| BERMUDA - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Insurance - 0.0% |  |  |
| RenaissanceRe Holdings Ltd  | 16 | 4499 |
| BRAZIL - 0.0%  |  |  |
| Financials - 0.0% |  |  |
| Banks - 0.0% |  |  |
| NU Holdings Ltd/Cayman Islands Class A (a) | 335 | 5608 |
| Capital Markets - 0.0% |  |  |
| XP Inc Class A  | 85 | 1391 |
| TOTAL BRAZIL |  | 6999 |
| CANADA - 0.2%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Restaurant Brands International Inc (United States)  | 150 | 10235 |
| Financials - 0.1% |  |  |
| Capital Markets - 0.1% |  |  |
| Brookfield Asset Management Ltd Class A (United States)  | 255 | 13359 |
| Industrials - 0.0% |  |  |
| Commercial Services & Supplies - 0.0% |  |  |
| RB Global Inc (United States)  | 39 | 4012 |
| TOTAL CANADA |  | 27606 |
| FINLAND - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| Amer Sports Inc (a) | 63 | 2353 |
| GERMANY - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Textiles, Apparel & Luxury Goods - 0.0% |  |  |
| Birkenstock Holding Plc (a) | 57 | 2331 |
| KOREA (SOUTH) - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Broadline Retail - 0.0% |  |  |
| Coupang Inc Class A (a) | 214 | 5048 |
| MEXICO - 0.1%  |  |  |
| Materials - 0.1% |  |  |
| Metals & Mining - 0.1% |  |  |
| Southern Copper Corp  | 84 | 12051 |
| SWEDEN - 0.0%  |  |  |
| Consumer Discretionary - 0.0% |  |  |
| Automobile Components - 0.0% |  |  |
| Autoliv Inc  | 13 | 1543 |
| SWITZERLAND - 0.5%  |  |  |
| Information Technology - 0.5% |  |  |
| Electronic Equipment, Instruments & Components - 0.5% |  |  |
| TE Connectivity PLC  | 237 | 53920 |
| THAILAND - 0.0%  |  |  |
| Information Technology - 0.0% |  |  |
| Electronic Equipment, Instruments & Components - 0.0% |  |  |
| Fabrinet (a) | 7 | 3187 |
| UNITED KINGDOM - 0.1%  |  |  |
| Consumer Discretionary - 0.1% |  |  |
| Hotels, Restaurants & Leisure - 0.1% |  |  |
| Flutter Entertainment PLC (a) | 54 | 11612 |
| Energy - 0.0% |  |  |
| Energy Equipment & Services - 0.0% |  |  |
| TechnipFMC PLC  | 111 | 4946 |
| TOTAL UNITED KINGDOM |  | 16558 |
| UNITED STATES - 96.8%  |  |  |
| Communication Services - 9.9% |  |  |
| Diversified Telecommunication Services - 0.6% |  |  |
| Frontier Communications Parent Inc (a) | 150 | 5710 |
| Verizon Communications Inc  | 2152 | 87651 |
|  |  | 93361 |
| Entertainment - 1.7% |  |  |
| Liberty Media Corp-Liberty Formula One Class A (a) | 61 | 5452 |
| Netflix Inc (a) | 1296 | 121514 |
| ROBLOX Corp Class A (a) | 40 | 3241 |
| Roku Inc Class A (a) | 28 | 3038 |
| Spotify Technology SA (a) | 17 | 9872 |
| Walt Disney Co/The  | 737 | 83848 |
| Warner Bros Discovery Inc (a) | 734 | 21154 |
| Warner Music Group Corp Class A  | 90 | 2760 |
|  |  | 250879 |
| Interactive Media & Services - 7.6% |  |  |
| Alphabet Inc Class A  | 2359 | 738367 |
| Meta Platforms Inc Class A  | 577 | 380872 |
| Pinterest Inc Class A (a) | 262 | 6783 |
| Reddit Inc Class A (a) | 13 | 2988 |
|  |  | 1129010 |
| Media - 0.0% |  |  |
| Liberty Broadband Corp Class A (a) | 63 | 3042 |
| TOTAL COMMUNICATION SERVICES |  | 1476292 |
| Consumer Discretionary - 9.5% |  |  |
| Automobile Components - 0.1% |  |  |
| BorgWarner Inc  | 135 | 6084 |
| Lear Corp  | 19 | 2177 |
|  |  | 8261 |
| Automobiles - 2.2% |  |  |
| Rivian Automotive Inc Class A (a) | 114 | 2247 |
| Tesla Inc (a) | 721 | 324248 |
|  |  | 326495 |
| Broadline Retail - 4.0% |  |  |
| Amazon.com Inc (a) | 2588 | 597362 |
| Dillard's Inc Class A  | 5 | 3032 |
|  |  | 600394 |
| Distributors - 0.0% |  |  |
| LKQ Corp  | 101 | 3050 |
| Diversified Consumer Services - 0.1% |  |  |
| ADT Inc  | 342 | 2760 |
| Duolingo Inc Class A (a) | 17 | 2984 |
| H&R Block Inc  | 48 | 2091 |
| Service Corp International/US  | 66 | 5146 |
|  |  | 12981 |
| Hotels, Restaurants & Leisure - 1.4% |  |  |
| Aramark  | 100 | 3686 |
| Boyd Gaming Corp  | 41 | 3495 |
| Caesars Entertainment Inc (a) | 123 | 2877 |
| Cava Group Inc (a) | 54 | 3169 |
| Churchill Downs Inc  | 18 | 2048 |
| DraftKings Inc Class A (a) | 114 | 3928 |
| Hilton Worldwide Holdings Inc  | 201 | 57737 |
| Hyatt Hotels Corp Class A  | 46 | 7375 |
| McDonald's Corp  | 319 | 97496 |
| Planet Fitness Inc Class A (a) | 23 | 2495 |
| Texas Roadhouse Inc  | 57 | 9462 |
| Vail Resorts Inc  | 22 | 2922 |
| Viking Holdings Ltd (a) | 151 | 10783 |
| Wingstop Inc  | 12 | 2862 |
| Wyndham Hotels & Resorts Inc  | 50 | 3778 |
|  |  | 214113 |
| Household Durables - 0.2% |  |  |
| Mohawk Industries Inc (a) | 36 | 3935 |
| SharkNinja Inc (a) | 18 | 2013 |
| Somnigroup International Inc  | 92 | 8214 |
| Toll Brothers Inc  | 80 | 10818 |
| TopBuild Corp (a) | 8 | 3338 |
| Whirlpool Corp  | 18 | 1298 |
|  |  | 29616 |
| Leisure Products - 0.1% |  |  |
| Brunswick Corp/DE  | 44 | 3267 |
| Mattel Inc (a) | 107 | 2123 |
| Polaris Inc  | 45 | 2846 |
|  |  | 8236 |
| Specialty Retail - 1.3% |  |  |
| AutoNation Inc (a) | 31 | 6401 |
| Bath & Body Works Inc  | 64 | 1285 |
| Burlington Stores Inc (a) | 18 | 5199 |
| CarMax Inc (a) | 118 | 4560 |
| Carvana Co Class A (a) | 48 | 20257 |
| Chewy Inc Class A (a) | 140 | 4627 |
| Dick's Sporting Goods Inc  | 27 | 5345 |
| Five Below Inc (a) | 11 | 2072 |
| Floor & Decor Holdings Inc Class A (a) | 45 | 2740 |
| Gap Inc/The  | 102 | 2611 |
| Lithia Motors Inc Class A  | 16 | 5317 |
| Lowe's Cos Inc  | 322 | 77654 |
| Murphy USA Inc  | 8 | 3228 |
| Penske Automotive Group Inc  | 58 | 9181 |
| Ross Stores Inc  | 265 | 47737 |
| Valvoline Inc (a) | 55 | 1598 |
|  |  | 199812 |
| Textiles, Apparel & Luxury Goods - 0.1% |  |  |
| Columbia Sportswear Co  | 47 | 2589 |
| Crocs Inc (a) | 31 | 2651 |
| PVH Corp  | 31 | 2078 |
| VF Corp  | 162 | 2929 |
|  |  | 10247 |
| TOTAL CONSUMER DISCRETIONARY |  | 1413205 |
| Consumer Staples - 4.9% |  |  |
| Beverages - 0.2% |  |  |
| Constellation Brands Inc Class A  | 159 | 21936 |
| Primo Brands Corp Class A  | 184 | 3007 |
|  |  | 24943 |
| Consumer Staples Distribution & Retail - 2.1% |  |  |
| Casey's General Stores Inc  | 6 | 3316 |
| Costco Wholesale Corp  | 160 | 137974 |
| Walmart Inc  | 1488 | 165779 |
|  |  | 307069 |
| Food Products - 0.7% |  |  |
| General Mills Inc  | 1038 | 48268 |
| Hormel Foods Corp  | 643 | 15239 |
| Kraft Heinz Co/The  | 1753 | 42510 |
| Pilgrim's Pride Corp  | 73 | 2846 |
|  |  | 108863 |
| Household Products - 0.9% |  |  |
| Procter & Gamble Co/The  | 889 | 127403 |
| Tobacco - 1.0% |  |  |
| Altria Group Inc  | 1078 | 62157 |
| Philip Morris International Inc  | 567 | 90947 |
|  |  | 153104 |
| TOTAL CONSUMER STAPLES |  | 721382 |
| Energy - 2.5% |  |  |
| Energy Equipment & Services - 0.1% |  |  |
| Halliburton Co  | 952 | 26904 |
| Oil, Gas & Consumable Fuels - 2.4% |  |  |
| Antero Midstream Corp  | 103 | 1832 |
| Antero Resources Corp (a) | 166 | 5720 |
| Cheniere Energy Inc  | 67 | 13024 |
| Chord Energy Corp  | 16 | 1483 |
| Devon Energy Corp  | 869 | 31831 |
| DT Midstream Inc  | 58 | 6941 |
| Exxon Mobil Corp  | 1418 | 170643 |
| HF Sinclair Corp  | 70 | 3226 |
| Marathon Petroleum Corp  | 212 | 34478 |
| Matador Resources Co  | 64 | 2716 |
| Murphy Oil Corp  | 86 | 2688 |
| Occidental Petroleum Corp  | 1045 | 42970 |
| Ovintiv Inc  | 352 | 13795 |
| Permian Resources Corp Class A  | 559 | 7843 |
| Range Resources Corp  | 155 | 5465 |
| Viper Energy Inc Class A  | 113 | 4365 |
|  |  | 349020 |
| TOTAL ENERGY |  | 375924 |
| Financials - 13.3% |  |  |
| Banks - 3.3% |  |  |
| Bank of America Corp  | 2458 | 135190 |
| Comerica Inc  | 28 | 2434 |
| East West Bancorp Inc  | 81 | 9104 |
| Fifth Third Bancorp  | 1081 | 50602 |
| First Citizens BancShares Inc/NC Class A  | 5 | 10731 |
| First Horizon Corp  | 306 | 7313 |
| JPMorgan Chase & Co  | 813 | 261965 |
| SOUTHSTATE BANK CORP  | 29 | 2729 |
| UMB Financial Corp  | 11 | 1265 |
| Zions Bancorp NA  | 57 | 3337 |
|  |  | 484670 |
| Capital Markets - 3.4% |  |  |
| Affiliated Managers Group Inc  | 10 | 2883 |
| Blue Owl Capital Inc Class A  | 311 | 4646 |
| Carlyle Group Inc/The  | 133 | 7862 |
| Charles Schwab Corp/The  | 804 | 80328 |
| Coinbase Global Inc Class A (a) | 71 | 16056 |
| Evercore Inc Class A  | 19 | 6465 |
| Goldman Sachs Group Inc/The  | 121 | 106359 |
| Hamilton Lane Inc Class A  | 22 | 2955 |
| Houlihan Lokey Inc Class A  | 43 | 7490 |
| Janus Henderson Group PLC  | 39 | 1854 |
| Jefferies Financial Group Inc  | 95 | 5887 |
| LPL Financial Holdings Inc  | 14 | 5000 |
| Moody's Corp  | 118 | 60280 |
| Morningstar Inc  | 28 | 6085 |
| Nasdaq Inc  | 566 | 54976 |
| Robinhood Markets Inc Class A (a) | 259 | 29293 |
| SEI Investments Co  | 88 | 7218 |
| State Street Corp  | 341 | 43992 |
| Stifel Financial Corp  | 80 | 10018 |
| T Rowe Price Group Inc  | 323 | 33069 |
| TPG Inc Class A  | 47 | 3000 |
| Tradeweb Markets Inc Class A  | 77 | 8281 |
|  |  | 503997 |
| Consumer Finance - 0.1% |  |  |
| Ally Financial Inc  | 172 | 7791 |
| OneMain Holdings Inc  | 28 | 1891 |
| SLM Corp  | 70 | 1894 |
| SoFi Technologies Inc Class A (a) | 84 | 2199 |
|  |  | 13775 |
| Financial Services - 4.5% |  |  |
| Affirm Holdings Inc Class A (a) | 29 | 2158 |
| Berkshire Hathaway Inc Class B (a) | 544 | 273442 |
| Corebridge Financial Inc  | 276 | 8327 |
| Equitable Holdings Inc  | 219 | 10435 |
| Mastercard Inc Class A  | 281 | 160417 |
| MGIC Investment Corp  | 134 | 3915 |
| Rocket Cos Inc Class A  | 174 | 3369 |
| Toast Inc Class A (a) | 152 | 5398 |
| Visa Inc Class A  | 545 | 191137 |
| Voya Financial Inc  | 33 | 2458 |
|  |  | 661056 |
| Insurance - 1.9% |  |  |
| American Financial Group Inc/OH  | 27 | 3690 |
| Arthur J Gallagher & Co  | 196 | 50723 |
| Axis Capital Holdings Ltd  | 40 | 4284 |
| CNA Financial Corp  | 163 | 7782 |
| F&G Annuities & Life Inc  | 4 | 123 |
| Fidelity National Financial Inc  | 80 | 4367 |
| Hartford Insurance Group Inc/The  | 388 | 53466 |
| Kinsale Capital Group Inc  | 3 | 1173 |
| Lincoln National Corp  | 30 | 1336 |
| Markel Group Inc (a) | 6 | 12898 |
| Marsh & McLennan Cos Inc  | 359 | 66603 |
| MetLife Inc  | 650 | 51311 |
| Old Republic International Corp  | 221 | 10086 |
| Reinsurance Group of America Inc  | 14 | 2848 |
| Unum Group  | 70 | 5425 |
|  |  | 276115 |
| Mortgage Real Estate Investment Trusts (REITs) - 0.1% |  |  |
| AGNC Investment Corp  | 539 | 5778 |
| Annaly Capital Management Inc  | 408 | 9123 |
| Rithm Capital Corp  | 207 | 2256 |
| Starwood Property Trust Inc  | 197 | 3548 |
|  |  | 20705 |
| TOTAL FINANCIALS |  | 1960318 |
| Health Care - 9.0% |  |  |
| Biotechnology - 2.0% |  |  |
| AbbVie Inc  | 538 | 122928 |
| Alnylam Pharmaceuticals Inc (a) | 12 | 4772 |
| Amgen Inc  | 188 | 61534 |
| BioMarin Pharmaceutical Inc (a) | 114 | 6775 |
| Caris Life Sciences Inc (a) | 61 | 1645 |
| Cytokinetics Inc (a) | 35 | 2224 |
| Exact Sciences Corp (a) | 19 | 1930 |
| Exelixis Inc (a) | 107 | 4690 |
| Gilead Sciences Inc  | 535 | 65666 |
| Halozyme Therapeutics Inc (a) | 15 | 1009 |
| Insmed Inc (a) | 20 | 3481 |
| Ionis Pharmaceuticals Inc (a) | 34 | 2690 |
| Natera Inc (a) | 20 | 4582 |
| Neurocrine Biosciences Inc (a) | 30 | 4255 |
| Revolution Medicines Inc (a) | 33 | 2628 |
| Roivant Sciences Ltd (a) | 193 | 4188 |
| Ultragenyx Pharmaceutical Inc (a) | 79 | 1817 |
| United Therapeutics Corp (a) | 11 | 5360 |
|  |  | 302174 |
| Health Care Equipment & Supplies - 1.5% |  |  |
| Cooper Cos Inc/The (a) | 209 | 17130 |
| DENTSPLY SIRONA Inc  | 271 | 3098 |
| Globus Medical Inc Class A (a) | 57 | 4977 |
| Hologic Inc (a) | 241 | 17952 |
| Intuitive Surgical Inc (a) | 115 | 65131 |
| Masimo Corp (a) | 36 | 4682 |
| Medtronic PLC  | 771 | 74063 |
| Penumbra Inc (a) | 17 | 5285 |
| Teleflex Inc  | 32 | 3905 |
| Zimmer Biomet Holdings Inc  | 257 | 23109 |
|  |  | 219332 |
| Health Care Providers & Services - 1.6% |  |  |
| Cencora Inc  | 159 | 53702 |
| CVS Health Corp  | 461 | 36585 |
| Encompass Health Corp  | 19 | 2017 |
| HCA Healthcare Inc  | 103 | 48087 |
| HealthEquity Inc (a) | 33 | 3023 |
| Tenet Healthcare Corp (a) | 8 | 1589 |
| UnitedHealth Group Inc  | 289 | 95402 |
|  |  | 240405 |
| Health Care Technology - 0.1% |  |  |
| Doximity Inc Class A (a) | 25 | 1107 |
| Veeva Systems Inc Class A (a) | 40 | 8929 |
|  |  | 10036 |
| Life Sciences Tools & Services - 0.2% |  |  |
| Avantor Inc (a) | 350 | 4011 |
| Bio-Rad Laboratories Inc Class A (a) | 16 | 4848 |
| Bruker Corp  | 45 | 2119 |
| Illumina Inc (a) | 43 | 5640 |
| Medpace Holdings Inc (a) | 13 | 7301 |
| QIAGEN NV  | 148 | 6656 |
| Repligen Corp (a) | 30 | 4916 |
|  |  | 35491 |
| Pharmaceuticals - 3.6% |  |  |
| Bristol-Myers Squibb Co  | 985 | 53131 |
| Eli Lilly & Co  | 207 | 222459 |
| Jazz Pharmaceuticals PLC (a) | 10 | 1700 |
| Johnson & Johnson  | 814 | 168457 |
| Merck & Co Inc  | 813 | 85576 |
| Royalty Pharma PLC Class A  | 129 | 4985 |
|  |  | 536308 |
| TOTAL HEALTH CARE |  | 1343746 |
| Industrials - 7.8% |  |  |
| Aerospace & Defense - 2.3% |  |  |
| AeroVironment Inc (a) | 6 | 1451 |
| ATI Inc (a) | 18 | 2066 |
| Boeing Co (a) | 276 | 59925 |
| BWX Technologies Inc  | 24 | 4148 |
| Carpenter Technology Corp  | 4 | 1259 |
| Curtiss-Wright Corp  | 25 | 13782 |
| GE Aerospace  | 387 | 119209 |
| General Dynamics Corp  | 185 | 62282 |
| HEICO Corp  | 42 | 13591 |
| Hexcel Corp  | 48 | 3547 |
| Kratos Defense & Security Solutions Inc (a) | 23 | 1746 |
| Leonardo DRS Inc  | 72 | 2454 |
| Loar Holdings Inc (a) | 44 | 2992 |
| Rocket Lab Corp  | 28 | 1953 |
| StandardAero Inc (a) | 196 | 5621 |
| Textron Inc  | 247 | 21531 |
| Woodward Inc  | 21 | 6349 |
|  |  | 323906 |
| Air Freight & Logistics - 0.2% |  |  |
| Expeditors International of Washington Inc  | 201 | 29951 |
| GXO Logistics Inc (a) | 88 | 4632 |
|  |  | 34583 |
| Building Products - 0.4% |  |  |
| A O Smith Corp  | 248 | 16586 |
| Advanced Drainage Systems Inc  | 31 | 4490 |
| Armstrong World Industries Inc  | 16 | 3058 |
| Carlisle Cos Inc  | 24 | 7677 |
| Fortune Brands Innovations Inc  | 75 | 3752 |
| Masco Corp  | 331 | 21005 |
| Owens Corning  | 39 | 4364 |
| Trex Co Inc (a) | 88 | 3087 |
|  |  | 64019 |
| Commercial Services & Supplies - 0.6% |  |  |
| Clean Harbors Inc (a) | 13 | 3048 |
| MSA Safety Inc  | 18 | 2883 |
| Republic Services Inc  | 244 | 51711 |
| Rollins Inc  | 475 | 28510 |
| Tetra Tech Inc  | 34 | 1140 |
|  |  | 87292 |
| Construction & Engineering - 0.1% |  |  |
| AECOM  | 44 | 4195 |
| API Group Corp (a) | 124 | 4744 |
| MasTec Inc (a) | 39 | 8477 |
|  |  | 17416 |
| Electrical Equipment - 0.5% |  |  |
| Acuity Inc  | 15 | 5400 |
| GE Vernova Inc  | 84 | 54900 |
| nVent Electric PLC  | 76 | 7750 |
| Regal Rexnord Corp  | 11 | 1543 |
| Vertiv Holdings Co Class A  | 64 | 10369 |
|  |  | 79962 |
| Ground Transportation - 0.7% |  |  |
| JB Hunt Transport Services Inc  | 90 | 17491 |
| Knight-Swift Transportation Holdings Inc  | 121 | 6326 |
| Lyft Inc Class A (a) | 57 | 1103 |
| Ryder System Inc  | 17 | 3254 |
| Saia Inc (a) | 11 | 3592 |
| Schneider National Inc Class B  | 111 | 2945 |
| U-Haul Holding Co Class N  | 39 | 1823 |
| Uber Technologies Inc (a) | 763 | 62345 |
| XPO Inc (a) | 41 | 5572 |
|  |  | 104451 |
| Industrial Conglomerates - 0.5% |  |  |
| Honeywell International Inc  | 383 | 74719 |
| Machinery - 1.7% |  |  |
| AGCO Corp  | 59 | 6155 |
| Allison Transmission Holdings Inc  | 65 | 6364 |
| Caterpillar Inc  | 190 | 108846 |
| CNH Industrial NV Class A  | 1123 | 10354 |
| Crane Co  | 27 | 4980 |
| Donaldson Co Inc  | 70 | 6206 |
| Dover Corp  | 222 | 43343 |
| Flowserve Corp  | 35 | 2428 |
| Graco Inc  | 142 | 11640 |
| IDEX Corp  | 130 | 23132 |
| ITT Inc  | 47 | 8155 |
| Lincoln Electric Holdings Inc  | 21 | 5032 |
| Middleby Corp/The (a) | 20 | 2973 |
| Mueller Industries Inc  | 25 | 2870 |
| Oshkosh Corp  | 15 | 1884 |
| RBC Bearings Inc (a) | 4 | 1794 |
| Toro Co/The  | 50 | 3936 |
|  |  | 250092 |
| Marine Transportation - 0.0% |  |  |
| Kirby Corp (a) | 39 | 4297 |
| Passenger Airlines - 0.1% |  |  |
| Alaska Air Group Inc (a) | 145 | 7293 |
| American Airlines Group Inc (a) | 857 | 13138 |
|  |  | 20431 |
| Professional Services - 0.5% |  |  |
| Booz Allen Hamilton Holding Corp Class A  | 34 | 2868 |
| CACI International Inc (a) | 3 | 1598 |
| Genpact Ltd  | 54 | 2526 |
| Parsons Corp (a) | 14 | 865 |
| Paychex Inc  | 412 | 46219 |
| Paylocity Holding Corp (a) | 19 | 2898 |
| SS&C Technologies Holdings Inc  | 126 | 11015 |
| TransUnion  | 75 | 6431 |
|  |  | 74420 |
| Trading Companies & Distributors - 0.2% |  |  |
| Applied Industrial Technologies Inc  | 10 | 2568 |
| Core & Main Inc Class A (a) | 31 | 1611 |
| Ferguson Enterprises Inc  | 55 | 12245 |
| FTAI Aviation Ltd  | 18 | 3543 |
| Watsco Inc  | 19 | 6402 |
| Wesco International Inc  | 7 | 1712 |
|  |  | 28081 |
| TOTAL INDUSTRIALS |  | 1163669 |
| Information Technology - 33.7% |  |  |
| Communications Equipment - 1.1% |  |  |
| Arista Networks Inc (a) | 386 | 50578 |
| Ciena Corp (a) | 14 | 3274 |
| Cisco Systems Inc  | 1327 | 102219 |
| Lumentum Holdings Inc (a) | 8 | 2948 |
|  |  | 159019 |
| Electronic Equipment, Instruments & Components - 0.3% |  |  |
| Arrow Electronics Inc (a) | 20 | 2203 |
| Cognex Corp  | 74 | 2663 |
| Coherent Corp (a) | 20 | 3691 |
| Flex Ltd (a) | 122 | 7371 |
| TD SYNNEX Corp  | 33 | 4958 |
| Teledyne Technologies Inc (a) | 46 | 23494 |
|  |  | 44380 |
| IT Services - 0.8% |  |  |
| Amdocs Ltd  | 92 | 7407 |
| Cloudflare Inc Class A (a) | 36 | 7097 |
| IBM Corporation  | 290 | 85902 |
| Kyndryl Holdings Inc (a) | 111 | 2948 |
| MongoDB Inc Class A (a) | 4 | 1679 |
| Okta Inc Class A (a) | 34 | 2940 |
| Snowflake Inc (a) | 34 | 7458 |
| Twilio Inc Class A (a) | 31 | 4409 |
|  |  | 119840 |
| Semiconductors & Semiconductor Equipment - 14.0% |  |  |
| Advanced Micro Devices Inc (a) | 440 | 94230 |
| Amkor Technology Inc  | 127 | 5014 |
| Broadcom Inc  | 1198 | 414628 |
| Enphase Energy Inc (a) | 41 | 1314 |
| Entegris Inc  | 89 | 7498 |
| GlobalFoundries Inc (a) | 121 | 4225 |
| Intel Corp (a) | 1323 | 48819 |
| Lam Research Corp  | 563 | 96374 |
| MACOM Technology Solutions Holdings Inc (a) | 16 | 2740 |
| Marvell Technology Inc  | 75 | 6374 |
| Micron Technology Inc  | 302 | 86194 |
| MKS Inc  | 60 | 9588 |
| NVIDIA Corp  | 6123 | 1141941 |
| Onto Innovation Inc (a) | 41 | 6472 |
| Qnity Electronics Inc  | 312 | 25475 |
| Qorvo Inc (a) | 32 | 2704 |
| QUALCOMM Inc  | 355 | 60723 |
| Texas Instruments Inc  | 347 | 60201 |
|  |  | 2074514 |
| Software - 10.6% |  |  |
| Adobe Inc (a) | 180 | 62998 |
| Appfolio Inc Class A (a) | 9 | 2094 |
| AppLovin Corp Class A (a) | 75 | 50537 |
| Atlassian Corp Class A (a) | 44 | 7134 |
| Bentley Systems Inc Class B  | 61 | 2328 |
| Crowdstrike Holdings Inc Class A (a) | 91 | 42657 |
| Docusign Inc (a) | 49 | 3352 |
| Dropbox Inc Class A (a) | 112 | 3114 |
| Dynatrace Inc (a) | 110 | 4767 |
| Elastic NV (a) | 24 | 1811 |
| Guidewire Software Inc (a) | 22 | 4422 |
| HubSpot Inc (a) | 11 | 4414 |
| Intuit Inc  | 90 | 59618 |
| Manhattan Associates Inc (a) | 13 | 2253 |
| Microsoft Corp  | 1911 | 924198 |
| Nutanix Inc Class A (a) | 16 | 827 |
| Oracle Corp  | 468 | 91218 |
| Palantir Technologies Inc Class A (a) | 602 | 107006 |
| Palo Alto Networks Inc (a) | 273 | 50287 |
| Pegasystems Inc  | 37 | 2210 |
| Procore Technologies Inc (a) | 14 | 1018 |
| Roper Technologies Inc  | 96 | 42732 |
| SailPoint Inc  | 144 | 2913 |
| Salesforce Inc  | 308 | 81592 |
| Samsara Inc Class A (a) | 45 | 1595 |
| SentinelOne Inc Class A (a) | 86 | 1290 |
| UiPath Inc Class A (a) | 74 | 1213 |
| Zoom Communications Inc Class A (a) | 90 | 7766 |
| Zscaler Inc (a) | 19 | 4273 |
|  |  | 1571637 |
| Technology Hardware, Storage & Peripherals - 6.9% |  |  |
| Apple Inc  | 3745 | 1018116 |
| Sandisk Corp/DE  | 39 | 9258 |
|  |  | 1027374 |
| TOTAL INFORMATION TECHNOLOGY |  | 4996764 |
| Materials - 1.9% |  |  |
| Chemicals - 1.2% |  |  |
| Eastman Chemical Co  | 56 | 3574 |
| Ecolab Inc  | 228 | 59855 |
| Linde PLC  | 217 | 92527 |
| RPM International Inc  | 77 | 8008 |
| Westlake Corp  | 66 | 4880 |
|  |  | 168844 |
| Construction Materials - 0.4% |  |  |
| CRH PLC  | 429 | 53539 |
| Containers & Packaging - 0.1% |  |  |
| AptarGroup Inc  | 67 | 8171 |
| Crown Holdings Inc  | 71 | 7311 |
| Graphic Packaging Holding CO  | 148 | 2229 |
| Silgan Holdings Inc  | 72 | 2907 |
|  |  | 20618 |
| Metals & Mining - 0.2% |  |  |
| Alcoa Corp  | 56 | 2976 |
| Cleveland-Cliffs Inc (a) | 134 | 1780 |
| Hecla Mining Co  | 185 | 3550 |
| MP Materials Corp (a) | 44 | 2223 |
| Reliance Inc  | 36 | 10399 |
| Royal Gold Inc  | 63 | 14004 |
|  |  | 34932 |
| TOTAL MATERIALS |  | 277933 |
| Real Estate - 1.9% |  |  |
| Diversified REITs - 0.1% |  |  |
| WP Carey Inc  | 160 | 10298 |
| Health Care REITs - 0.0% |  |  |
| Omega Healthcare Investors Inc  | 92 | 4078 |
| Industrial REITs - 0.1% |  |  |
| EastGroup Properties Inc  | 15 | 2672 |
| First Industrial Realty Trust Inc  | 49 | 2806 |
| Lineage Inc  | 32 | 1120 |
| Rexford Industrial Realty Inc  | 53 | 2052 |
|  |  | 8650 |
| Real Estate Management & Development - 0.1% |  |  |
| Jones Lang LaSalle Inc (a) | 22 | 7403 |
| Zillow Group Inc Class A (a) | 32 | 2183 |
|  |  | 9586 |
| Residential REITs - 1.0% |  |  |
| American Homes 4 Rent Class A  | 332 | 10657 |
| AvalonBay Communities Inc  | 278 | 50405 |
| Equity LifeStyle Properties Inc  | 168 | 10182 |
| Equity Residential  | 652 | 41102 |
| Invitation Homes Inc  | 1118 | 31069 |
| Sun Communities Inc  | 82 | 10161 |
|  |  | 153576 |
| Retail REITs - 0.1% |  |  |
| Agree Realty Corp  | 19 | 1369 |
| Brixmor Property Group Inc  | 141 | 3697 |
| NNN REIT Inc  | 138 | 5469 |
|  |  | 10535 |
| Specialized REITs - 0.5% |  |  |
| CubeSmart  | 148 | 5335 |
| Gaming and Leisure Properties Inc  | 303 | 13541 |
| Lamar Advertising Co Class A  | 64 | 8101 |
| VICI Properties Inc  | 1852 | 52079 |
|  |  | 79056 |
| TOTAL REAL ESTATE |  | 275779 |
| Utilities - 2.4% |  |  |
| Electric Utilities - 1.4% |  |  |
| Constellation Energy Corp  | 98 | 34620 |
| Entergy Corp  | 551 | 50929 |
| Exelon Corp  | 1265 | 55141 |
| NextEra Energy Inc  | 823 | 66071 |
|  |  | 206761 |
| Gas Utilities - 0.0% |  |  |
| UGI Corp  | 52 | 1946 |
| Independent Power and Renewable Electricity Producers - 0.0% |  |  |
| Talen Energy Corp (a) | 8 | 2999 |
| Multi-Utilities - 1.0% |  |  |
| CMS Energy Corp  | 705 | 49301 |
| Consolidated Edison Inc  | 476 | 47276 |
| DTE Energy Co  | 362 | 46691 |
|  |  | 143268 |
| TOTAL UTILITIES |  | 354974 |
| TOTAL UNITED STATES |  | 14359986 |
| <br> **TOTAL COMMON STOCKS**<br> (Cost $13,517,641) |  | <br> **14502648** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Domestic Equity Funds - 1.4%** | &nbsp;&nbsp;**Domestic Equity Funds - 1.4%** | &nbsp;&nbsp;**Domestic Equity Funds - 1.4%** |
|  | Shares | Value ($)<br>|
| iShares Core S&P 500 ETF <br>(Cost $194,235)<br>| 300 | **205482** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.6%** | &nbsp;&nbsp;**Money Market Funds - 0.6%** | &nbsp;&nbsp;**Money Market Funds - 0.6%** | &nbsp;&nbsp;**Money Market Funds - 0.6%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (b)<br>(Cost $101,352)<br>| 3.79 | 101326 | **101346** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Purchased Options - 1.0%** | **Purchased Options - 1.0%** | **Purchased Options - 1.0%** | **Purchased Options - 1.0%** | **Purchased Options - 1.0%** | **Purchased Options - 1.0%** | **Purchased Options - 1.0%** |
|  | Counterparty | Number<br> of Contracts | Notional Amount ($) | Exercise<br> Price ($) | Expiration<br> Date | Value ($) |
| Put Options |  |  |  |  |  |  |
| Mini SPX Index | Chicago Board Options Exchange | 63 | 4312665 | 625 | 1/2026 | 1922 |
| Mini SPX Index | Chicago Board Options Exchange | 62 | 4244210 | 420 | 10/2026 | 19902 |
| Mini SPX Index | Chicago Board Options Exchange | 62 | 4244210 | 440 | 12/2026 | 29140 |
| Mini SPX Index | Chicago Board Options Exchange | 59 | 4038845 | 640 | 2/2026 | 19470 |
| Mini SPX Index | Chicago Board Options Exchange | 56 | 3833480 | 655 | 3/2026 | 46200 |
| Mini SPX Index | Chicago Board Options Exchange | 68 | 4654940 | 420 | 11/2026 | 25092 |
|  |  |  |  |  |  | **141726** |
| **TOTAL PURCHASED OPTIONS**<br> (Cost $289,349) |  |  |  |  |  | **141726** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.7%**<br> (Cost $14,102,577)<br>| <br>**14951202** |
| **NET OTHER ASSETS (LIABILITIES) - (0.7)%**  | **(101945)** |
| **NET ASSETS - 100.0%** | **14849257** |

---

**Security Type Abbreviations**

ETF - EXCHANGE-TRADED FUND

**Legend**

(a) Non-income producing.

(b) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | - | 12262285 | 12160919 | 2921 | (14) | (6) | 101346 | 101326 | 0.0% |
| Total | - | 12262285 | 12160919 | 2921 | (14) | (6) | 101346 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

**Investment Valuation**

The following is a summary of the inputs used, as of December 31, 2025, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** | **Valuation Inputs at Reporting Date:** |
| **Description** | **Total ($)** | **Level 1 ($)** | **Level 2 ($)** | **Level 3 ($)** |
| **<u>Investments in Securities:</u>** |  |  |  |  |
|  **Common Stocks** |  |  |  |  |
| Communication Services | 1476292 | 1476292 | - | - |
| Consumer Discretionary | 1446327 | 1446327 | - | - |
| Consumer Staples | 721382 | 721382 | - | - |
| Energy | 380870 | 380870 | - | - |
| Financials | 1985175 | 1985175 | - | - |
| Health Care | 1343746 | 1343746 | - | - |
| Industrials | 1167681 | 1167681 | - | - |
| Information Technology | 5053871 | 5053871 | - | - |
| Materials | 296551 | 296551 | - | - |
| Real Estate | 275779 | 275779 | - | - |
| Utilities | 354974 | 354974 | - | - |
|  **Domestic Equity Funds** | 205482 | 205482 | - | - |
|  **Money Market Funds** | 101346 | 101346 | - | - |
|  **Purchased Options** | 141726 | 141726 | - | - |
| **Total Investments in Securities:** | 14951202 | 14951202 | - | - |

---

**Value of Derivative Instruments**

The following table is a summary of the Fund's value of derivative instruments by primary risk exposure as of December 31, 2025. For additional information on derivative instruments, please refer to the Derivative Instruments section in the accompanying Notes to Financial Statements.

---

| | | |
|:---|:---|:---|
| **Primary Risk Exposure / Derivative Type** <br>| **Value** | **Value** |
|  | **Asset ($)** | **Liability ($)** |
| **Equity Risk** |  |  |
| Purchased Options (a)  | 141726 | - |
| **Total Equity Risk**  | 141726 | - |
| **Total Value of Derivatives** | 141726 | - |

---

(a)Gross value is included in the Statement of Assets and Liabilities in the investments in securities, at value line-item.

**Financial Statements**

---

| | | |
|:---|:---|:---|
| **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** | **Statement of Assets and Liabilities** |
| **As of December 31, 2025** | **As of December 31, 2025** | **As of December 31, 2025** |
| **Assets**  |  |  |
| Investment in securities, at value - See accompanying schedule: |  |  |
| Unaffiliated issuers (cost $14,001,225) | $14849856 |  |
| Fidelity Central Funds (cost $101,352) | 101346 |  |
| Total Investment in Securities (cost $14,102,577) |  | $14951202 |
| Dividends receivable |  | 9296 |
| Distributions receivable from Fidelity Central Funds |  | 421 |
| Prepaid expenses |  | 589 |
| Receivable from investment adviser for expense reductions |  | 7818 |
| **Total assets** |  | 14969326 |
| **Liabilities** |  |  |
| Payable for investments purchased  | $55119 |  |
| Payable for fund shares redeemed | 772 |  |
| Accrued management fee | 6238 |  |
| Distribution and service plan fees payable | 408 |  |
| Audit fee payable | 51201 |  |
| Custody fee payable | 6284 |  |
| Other payables and accrued expenses | 47 |  |
| **Total liabilities** |  | 120069 |
| **Net Assets**  |  | $14849257 |
| Net Assets consist of: |  |  |
| Paid in capital |  | $14090805 |
| Total accumulated earnings (loss) |  | 758452 |
| **Net Assets** |  | $14849257 |
| **Net Asset Value and Maximum Offering Price** |  |  |
| **Initial Class :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($1,394,008 ÷ 125,000 shares) |  | $11.15 |
| **Service Class :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($1,393,923 ÷ 125,000 shares) |  | $11.15 |
| **Service Class 2 :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($1,393,794 ÷ 125,000 shares) |  | $11.15 |
| **Investor Class :** |  |  |
| **Net Asset Value**, offering price and redemption price per share ($10,667,532 ÷ 956,820 shares) |  | $11.15 |

---

---

| | | |
|:---|:---|:---|
| **Statement of Operations** | **Statement of Operations** | **Statement of Operations** |
| <br> **For the period January 23, 2025 (commencement of operations) through December 31, 2025**  | <br> **For the period January 23, 2025 (commencement of operations) through December 31, 2025**  | <br> **For the period January 23, 2025 (commencement of operations) through December 31, 2025**  |
| **Investment Income** |  |  |
| Dividends  |  | $88093 |
| Income from Fidelity Central Funds  |  | 2921 |
| **Total income** |  | 91014 |
| **Expenses** |  |  |
| Management fee | $36098 |  |
| Distribution and service plan fees | 4288 |  |
| Custodian fees and expenses | 9367 |  |
| Independent trustees' fees and expenses | 2293 |  |
| Audit fees | 68787 |  |
| Legal | 863 |  |
| Miscellaneous | 120 |  |
| Total expenses before reductions | 121816 |  |
| Expense reductions | (80393) |  |
| Total expenses after reductions |  | 41423 |
| **Net Investment income (loss)** |  | 49591 |
| **Realized and Unrealized Gain (Loss)** |  |  |
| Net realized gain (loss) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | (89638) |  |
| Fidelity Central Funds | (14) |  |
| Total net realized gain (loss) |  | (89652) |
| Change in net unrealized appreciation (depreciation) on: |  |  |
| Investment Securities: |  |  |
| Unaffiliated issuers  | 848631 |  |
| Fidelity Central Funds  | (6) |  |
| Total change in net unrealized appreciation (depreciation) |  | 848625 |
| **Net gain (loss)** |  | 758973 |
| **Net increase (decrease) in net assets resulting from operations** |  | $808564 |

---

---

| | |
|:---|:---|
| **Statement of Changes in Net Assets** | **Statement of Changes in Net Assets** |
|  | **For the period January 23, 2025 (commencement of operations) through December 31, 2025**  |
| **Increase (Decrease) in Net Assets** |  |
| Operations |  |
| &nbsp;&nbsp;Net investment income (loss) | $49591 |
| &nbsp;&nbsp;Net realized gain (loss) | (89652)<br>|
| &nbsp;&nbsp;Change in net unrealized appreciation (depreciation) | 848625 |
| &nbsp;&nbsp;**Net increase (decrease) in net assets resulting from operations** | 808564<br>|
| Distributions to shareholders | (53366)<br>|
| Share transactions - net increase (decrease) | 14094059<br>|
| &nbsp;&nbsp;**Total increase (decrease) in net assets** | 14849257<br>|
| **Net Assets** |  |
| &nbsp;&nbsp;Beginning of period | - |
| &nbsp;&nbsp;End of period | $14849257 |

---

**Financial Highlights** 

**VIP Hedged Equity Portfolio Initial Class**<br>

---

| | |
|:---|:---|
| **Years ended December 31,** | **2025** A  |
| **Selected Per-Share Data**  |  |
| Net asset value, beginning of period  | $10.00 |
| Income from Investment Operations  |  |
| Net investment income (loss) B,C | .08  |
| Net realized and unrealized gain (loss)  | 1.12  |
| Total from investment operations  | 1.20  |
| Distributions from net investment income  | (.05)  |
| Total distributions  | (.05)  |
| Net asset value, end of period  | $11.15 |
| **Total Return** D,E,F | 11.96% <br>|
| **Ratios to Average Net Assets** C,G,H |  |
| Expenses before reductions  | 1.77% I |
| Expenses net of fee waivers, if any  | .52% I<br>|
| Expenses net of all reductions, if any  | .51% I |
| Net investment income (loss)  | .78% I |
| **Supplemental Data** |  |
| Net assets, end of period (000 omitted) | $1394 |
| Portfolio turnover rate J | 76% I<br>|

---

A*For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

D*Total returns for periods of less than one year are not annualized.*

E*Total returns do not reflect charges attributable to your insurance company's separate account. Inclusion of these charges would reduce the total returns shown.*

F*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

G*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

H*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

I*Annualized.*

J*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**VIP Hedged Equity Portfolio Service Class**<br>

---

| | |
|:---|:---|
| **Years ended December 31,** | **2025** A  |
| **Selected Per-Share Data**  |  |
| Net asset value, beginning of period  | $10.00 |
| Income from Investment Operations  |  |
| Net investment income (loss) B,C | .07  |
| Net realized and unrealized gain (loss)  | 1.12  |
| Total from investment operations  | 1.19  |
| Distributions from net investment income  | (.04)  |
| Total distributions  | (.04)  |
| Net asset value, end of period  | $11.15 |
| **Total Return** D,E,F | 11.86% <br>|
| **Ratios to Average Net Assets** C,G,H |  |
| Expenses before reductions  | 1.87% I |
| Expenses net of fee waivers, if any  | .62% I<br>|
| Expenses net of all reductions, if any  | .61% I |
| Net investment income (loss)  | .68% I |
| **Supplemental Data** |  |
| Net assets, end of period (000 omitted) | $1394 |
| Portfolio turnover rate J | 76% I<br>|

---

A*For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

D*Total returns for periods of less than one year are not annualized.*

E*Total returns do not reflect charges attributable to your insurance company's separate account. Inclusion of these charges would reduce the total returns shown.*

F*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

G*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

H*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

I*Annualized.*

J*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**VIP Hedged Equity Portfolio Service Class 2**<br>

---

| | |
|:---|:---|
| **Years ended December 31,** | **2025** A  |
| **Selected Per-Share Data**  |  |
| Net asset value, beginning of period  | $10.00 |
| Income from Investment Operations  |  |
| Net investment income (loss) B,C | .05  |
| Net realized and unrealized gain (loss)  | 1.12  |
| Total from investment operations  | 1.17  |
| Distributions from net investment income  | (.02)  |
| Total distributions  | (.02)  |
| Net asset value, end of period  | $11.15 |
| **Total Return** D,E,F | 11.71% <br>|
| **Ratios to Average Net Assets** C,G,H |  |
| Expenses before reductions  | 2.02% I |
| Expenses net of fee waivers, if any  | .77% I<br>|
| Expenses net of all reductions, if any  | .76% I |
| Net investment income (loss)  | .53% I |
| **Supplemental Data** |  |
| Net assets, end of period (000 omitted) | $1394 |
| Portfolio turnover rate J | 76% I<br>|

---

A*For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

D*Total returns for periods of less than one year are not annualized.*

E*Total returns do not reflect charges attributable to your insurance company's separate account. Inclusion of these charges would reduce the total returns shown.*

F*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

G*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

H*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

I*Annualized.*

J*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**VIP Hedged Equity Portfolio Investor Class**<br>

---

| | |
|:---|:---|
| **Years ended December 31,** | **2025** A  |
| **Selected Per-Share Data**  |  |
| Net asset value, beginning of period  | $10.00 |
| Income from Investment Operations  |  |
| Net investment income (loss) B,C | .08  |
| Net realized and unrealized gain (loss)  | 1.12  |
| Total from investment operations  | 1.20  |
| Distributions from net investment income  | (.05)  |
| Total distributions  | (.05)  |
| Net asset value, end of period  | $11.15 |
| **Total Return** D,E,F | 11.96% <br>|
| **Ratios to Average Net Assets** C,G,H |  |
| Expenses before reductions  | 1.55% I |
| Expenses net of fee waivers, if any  | .55% I<br>|
| Expenses net of all reductions, if any  | .54% I |
| Net investment income (loss)  | .75% I |
| **Supplemental Data** |  |
| Net assets, end of period (000 omitted) | $10668 |
| Portfolio turnover rate J | 76% I<br>|

---

A*For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

B*Calculated based on average shares outstanding during the period.*

C*Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.*

D*Total returns for periods of less than one year are not annualized.*

E*Total returns do not reflect charges attributable to your insurance company's separate account. Inclusion of these charges would reduce the total returns shown.*

F*Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.*

G*Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.*

H*Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.*

I*Annualized.*

J*Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs), derivatives or securities that mature within one year from acquisition.*

**Notes to Financial Statements**

For the period ended December 31, 2025

**1. Organization.**

VIP Hedged Equity Portfolio (the Fund) is a fund of Variable Insurance Products Fund VI (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. Shares of the Fund may only be purchased by insurance companies for the purpose of funding variable annuity or variable life insurance contracts. The Fund offers the following classes of shares: Initial Class shares, Service Class shares, Service Class 2 shares and Investor Class shares. All classes have equal rights and voting privileges, except for matters affecting a single class.

**2. Investments in Fidelity Central Funds.**

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fidelity Central Fund** | **Investment Manager** | **Investment Objective** | **Investment Practices** | **Expense RatioA** |
| Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |

---

*A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.* 

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

**3. Significant Accounting Policies.**

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 *Financial Services - Investment Companies*. The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. The Fund operates as a single operating segment. The Fund's income, expenses, assets, and performance are regularly monitored and assessed as a whole by the investment adviser and other individuals responsible for oversight functions of the Trust, using the information presented in the financial statements and financial highlights. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

**Investment Valuation.** Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value the Fund's investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Exchange-Traded Funds (ETFs) are valued at their last sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day but the exchange reports a closing bid level, ETFs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.

Exchange-traded options are valued using the last sale price or, in the absence of a sale, the last offering price and are categorized as Level 1 in the hierarchy. Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of December 31, 2025 is included at the end of the Fund's Schedule of Investments.

**Investment Transactions and Income.** For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain.

**Class Allocations and Expenses.** Investment income, realized and unrealized capital gains and losses, common expenses of a fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of a fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred, as applicable. Certain expense reductions may also differ by class, if applicable. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

**Income Tax Information and Distributions to Shareholders.** Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of December 31, 2025, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to options transactions, passive foreign investment companies (PFIC), capital loss carryforwards and losses deferred due to option transactions and wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

---

| | |
|:---|:---|
| **Gross unrealized appreciation**  | $1203087 |
| **Gross unrealized depreciation**  | <u>(381541)</u> |
| **Net unrealized appreciation (depreciation)**  | <u>$821546</u> |
| **Tax Cost**  | <u>$14129656</u> |

---

The tax-based components of distributable earnings as of period end were as follows:

---

| | |
|:---|:---|
| **Undistributed ordinary income**  | <u>$-</u> |
| **Capital loss carryforward**  | <u>$(201942)</u> |
| **Net unrealized appreciation (depreciation) on securities and other investments**  | <u>$960394</u> |

---

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

---

| | |
|:---|:---|
| Short-term | $(61298) |
| Long-term | <u>(140644)</u> |
| **Total capital loss carryforward** | <u>$(201942)</u> |

---

The tax character of distributions paid was as follows:

---

| | |
|:---|:---|
|  | **December 31, 2025 A** |
| **Ordinary Income**  | <u>$53366</u> |

---

*A For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

**4. Derivative Instruments.**

**Risk Exposures and the Use of Derivative Instruments.** The Fund's investment objectives allow for various types of derivative instruments, including options. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

Derivatives were used to increase returns and to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the objectives may not be achieved.

Derivatives were used to increase or decrease exposure to the following risk(s):

---

| | |
|:---|:---|
| Equity Risk  | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |

---

Funds are also exposed to additional risks from investing in derivatives, such as liquidity risk and counterparty credit risk. Liquidity risk is the risk that a fund will be unable to close out the derivative in the open market in a timely manner. Counterparty credit risk is the risk that the counterparty will not be able to fulfill its obligation to a fund. Counterparty credit risk related to exchange-traded contracts may be mitigated by the protection provided by the exchange on which they trade.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received and amounts recognized in the Statement of Assets and Liabilities. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

**Options.** Options give the purchaser the right, but not the obligation, to buy (call) or sell (put) an underlying security or financial instrument at an agreed exercise or strike price between or on certain dates. Options obligate the seller (writer) to buy (put) or sell (call) an underlying instrument at the exercise or strike price or cash settle an underlying derivative instrument if the holder exercises the option on or before the expiration date. Exchange-traded options were used to manage exposure to the market.

Upon entering into an options contract, a fund will pay or receive a premium. Premiums paid on purchased options are reflected as cost of investments and premiums received on written options are reflected as a liability on the Statement of Assets and Liabilities. Certain options may be purchased or written with premiums to be paid or received on a future date. Options are valued daily and any unrealized appreciation (depreciation) is reflected in total accumulated earnings (loss) in the Statement of Assets and Liabilities. When an option is exercised, the cost or proceeds of the underlying instrument purchased or sold is adjusted by the amount of the premium. When an option is closed, a gain or loss is realized depending on whether the proceeds or amount paid for the closing sale transaction is greater or less than the premium received or paid. When an option expires, gains and losses are realized to the extent of premiums received and paid, respectively. The net realized and unrealized gains (losses) on purchased options are included in the Statement of Operations in net realized gain (loss) and change in net unrealized appreciation (depreciation) on investment securities. The net realized gain (loss) and change in net unrealized appreciation (depreciation) on written options are presented in the Statement of Operations.

Any open options at period end are presented in the Schedule of Investments under the captions "Purchased Options," "Purchased Swaptions," "Written Options" and "Written Swaptions,", as applicable, and are representative of volume of activity during the period, unless an average notional amount is presented in the table below.

---

| | |
|:---|:---|
|  | **Average Notional Amount ($)** |
| **VIP Hedged Equity Portfolio** | 13582299 |

---

Writing puts and buying calls tend to increase exposure to the underlying instrument while buying puts and writing calls tend to decrease exposure to the underlying instrument. For purchased options, risk of loss is limited to the premium paid, and for written options, risk of loss is the change in value in excess of the premium received.

**5. Purchases and Sales of Investments.**

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

---

| | | |
|:---|:---|:---|
|  | **Purchases ($)** | **Sales ($)** |
| **VIP Hedged Equity Portfolio** | 19124475 | 5412504 |

---

**6. Fees and Other Transactions with Affiliates.**

**Management Fee.** Fidelity Diversifying Solutions LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which each class of the Fund pays a monthly management fee. Under the management contract, the investment adviser pays all other operating expenses, except third-party expenses (including custody, audit and registration fees), the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses. During the period, the management fee for each class of the Fund was as follows:

---

| | |
|:---|:---|
|  | **Annual % of Class-Level Average Net Assets** |
| **Initial Class** | .50% |
| **Service Class** | .50% |
| **Service Class 2** | .50% |
| **Investor Class** | .53% |

---

**Distribution and Service Plan Fees.** In accordance with Rule 12b-1 of the 1940 Act, the Fund has adopted separate 12b-1 Plans for each Service Class of shares. Each Service Class pays Fidelity Distributors Company LLC (FDC), an affiliate of the investment adviser, a service fee. For the period, the service fee is based on an annual rate of .10% of Service Class' average net assets and .25% of Service Class 2's average net assets.

For the period, total fees, all of which were re-allowed to insurance companies for the distribution of shares and providing shareholder support services, were as follows:

---

| | |
|:---|:---|
| **Service Class** | $1226 |
| **Service Class 2** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>3062</u> |
|  | <u>$4288</u> |

---

**Brokerage Commissions.** A portion of portfolio transactions were placed with brokerage firms which are affiliates of the investment adviser. Brokerage commissions are included in net realized gain (loss) and change in net unrealized appreciation (depreciation) in the Statement of Operations. The commissions paid to these affiliated firms were as follows:

---

| | |
|:---|:---|
|  | **Amount ($)** |
| **VIP Hedged Equity Portfolio** | 32 |

---

**Interfund Trades.** Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board of Trustees. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. Interfund trades during the period are noted in the table below.

---

| | | | |
|:---|:---|:---|:---|
|  | **Purchases ($)** | **Sales ($)** | **Realized Gain (Loss) ($)** |
| **VIP Hedged Equity Portfolio** | 71105 | - | - |

---

**7. Committed Line of Credit.**

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes.

Commitment fees are charged based on the unused amount of the line of credit at an annual rate of .10%, and then allocated to each participating fund based on its pro-rata portion of the line of credit. The commitment fees are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below.

Interest is charged to a participating fund based on its borrowings at an annual rate of .75% plus the highest of (i) daily SOFR plus a .10% spread adjustment, (ii) Federal Funds Effective Rate, or (iii) Overnight Bank Funding Rate. During the period, there were no borrowings on this line of credit.

The line of credit agreement will expire in March 2026 unless extended or renewed.

---

| | |
|:---|:---|
|  | **Amount ($)** |
| **VIP Hedged Equity Portfolio** | 2 |

---

**8. Expense Reductions.** 

The investment adviser contractually agreed to reimburse expenses of each class to the extent annual operating expenses exceeded certain levels of average net assets as noted in the table below. This reimbursement will remain in place through April 30, 2027. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement.

The following classes were in reimbursement during the period:

---

| | | |
|:---|:---|:---|
|  | **Expense Limitations** | **Reimbursement ($)** |
| **Initial Class** | .52% | 15331 |
| **Service Class** | .62% | 15323 |
| **Service Class 2** | .77% | 15307 |
| **Investor Class** | .55% | &nbsp;&nbsp;&nbsp;&nbsp; <u>33959</u> |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; <u>79920</u> |

---

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, custodian credits reduced the Fund's expenses by $473.

**9. Distributions to Shareholders.**

Distributions to shareholders of each class were as follows:

---

| | |
|:---|:---|
|  | **Year ended** <br> **December 31, 2025 A** |
| **VIP Hedged Equity Portfolio** |  |
| **Distributions to shareholders** |  |
| Initial Class | $5750 |
| Service Class | 4500 |
| Service Class 2 | 2625 |
| Investor Class | &nbsp;&nbsp;&nbsp;&nbsp; <u>40491</u> |
| Total  | <u>$53366</u> |

---

*A For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

**10. Share Transactions.**

Transactions for each class of shares were as follows and may contain in-kind transactions:

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Dollars** |
|  | **Year ended** <br> **December 31, 2025 A**  | **Year ended** <br> **December 31, 2025 A**  |
| **VIP Hedged Equity Portfolio** |  |  |
| **Initial Class** |  |  |
| Shares sold | <u>125000</u> | <u>$1250000</u> |
| Net increase (decrease) | <u>125000</u> | <u>$1250000</u> |
| **Service Class** |  |  |
| Shares sold | <u>125000</u> | <u>$1250000</u> |
| Net increase (decrease) | <u>125000</u> | <u>$1250000</u> |
| **Service Class 2** |  |  |
| Shares sold | <u>125000</u> | <u>$1250000</u> |
| Net increase (decrease) | <u>125000</u> | <u>$1250000</u> |
| **Investor Class** |  |  |
| Shares sold | 998282 | $10799062 |
| Reinvestment of distributions  | 3091 | 34741 |
| Shares redeemed | <u>(44553)</u> | <u>(489744)</u> |
| Net increase (decrease) | <u>956820</u> | <u>$10344059</u> |

---

*A For the period January 23, 2025 (commencement of operations) through December 31, 2025.*

**11. Other.**

A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

At the end of the period, the investment adviser or its affiliates were owners of record of more than 10% of the outstanding shares as follows:

---

| | |
|:---|:---|
| **Fund** | **Affiliated %** |
| **VIP Hedged Equity Portfolio** | 100 |

---

**12. Risk and Uncertainties.**

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as public health emergencies, military conflicts, terrorism, government restrictions, political changes, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

**Report of Independent Registered Public Accounting Firm**

To the Board of Trustees of Variable Insurance products Fund VI and the Shareholders of VIP Hedged Equity Portfolio:

**Opinion on the Financial Statements and Financial Highlights**

We have audited the accompanying statement of assets and liabilities of VIP Hedged Equity Portfolio (the "Fund"), a fund of Variable Insurance Products Fund VI, including the schedule of investments, as of December 31, 2025, the related statement of operations, statement of changes in net assets, and financial highlights for the period from January 23, 2025 (commencement of operations) through December 31, 2025, and the related notes (collectively referred to as the "financial statements and financial highlights"). In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of December 31, 2025, and the results of its operations, the changes in its net assets and the financial highlights for the period from January 23, 2025 (commencement of operations) through December 31, 2025, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of December 31, 2025, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audit provides a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

February 12, 2026

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

**Distributions** **(Unaudited)**

The dividend and capital gains distributions for the fund(s) are available on *Fidelity.com* or *Institutional.Fidelity.com.*

Initial Class, Service Class, Service Class 2, and Investor Class designate 100% of the dividend distributed during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

**Item 8: Changes in and Disagreements with Accountants for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 9: Proxy Disclosures for Open-End Management Investment Companies**

**(Unaudited)**

Note: This is not applicable for any fund included in this document.

**Item 10: Remuneration Paid to Directors, Officers, and others of Open-End Management Investment Companies**

**(Unaudited)**

Note: This information is disclosed as part of the financial statements for each Fund as part of Item 7: Financial Statements and Financial Highlights for Open-End Management Investment Companies.

**Item 11: Statement Regarding Basis for Approval of Investment Advisory Contract**

**(Unaudited)**

**Board Approval of Investment Advisory Contracts**

**VIP Hedged Equity Portfolio**

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), considers the renewal of the fund's management contract with Fidelity Diversifying Solutions LLC (FDS) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. FDS and the sub-advisers are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts.

At its November 2025 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness relative to peer funds of the fund's management fee and the total expense ratio of a representative class of the fund; (iii) the total costs of the services provided by and the profits realized by FDS and its affiliates (Fidelity) from its relationships with the fund; and (iv) the extent to which, if any, economies of scale exist and are realized as the fund grows, and whether any economies of scale are appropriately shared with fund shareholders. The Board's decision to renew the Advisory Contracts was not based on any single factor and the factors may have been weighed differently by individual Trustees.

**Nature, Extent, and Quality of Services Provided.** The Board considered staffing as it relates to the fund, including the backgrounds and experience of investment personnel of the Investment Advisers, and also considered the Investment Advisers' implementation of the fund's investment program.

<u>Resources Dedicated to Investment Management and Support Services</u>. The Board reviewed the general qualifications and capabilities of the Investment Advisers' staff, such as size, education, experience, and resources, as well as the Investment Advisers' approach to training and managing investment personnel. The Board noted that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that the Investment Advisers' investment professionals have sufficient access to information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, and to transmit new information and research conclusions rapidly. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, cybersecurity, technology and operations capabilities and resources, which are integral parts of the investment management process.

<u>Shareholder and Administrative Services</u>. The Board considered the nature, extent, quality, and cost of advisory, administrative, and shareholder services to be performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency and pricing and bookkeeping services for the fund. The Board also considered the nature and extent of the supervision of third-party service providers, principally custodians, subcustodians, and pricing vendors. The Board also considered the fund's securities lending activities and any payments made to Fidelity relating to securities lending under a separate agreement.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools.

<u>Investment Performance</u>. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year, relating to fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considered annualized return information for the fund for different time periods, measured against an appropriate index (benchmark index). The Board also considered information about performance attribution. In its ongoing evaluation of fund investment performance, the Board gives particular attention to information indicating changes in performance of the funds over different time periods and discussed with the Investment Advisers the reasons for any overperformance or underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. The Independent Trustees generally give greater weight to fund performance over longer time periods than over shorter time periods. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index for certain periods.

Based on its review, the Board concluded that the nature, extent, and quality of services to be provided to the fund under the Advisory Contracts should benefit the shareholders of the fund.

**Competitiveness of Management Fee and Total Expense Ratio.** In its review of the fund's management fee and the total expense ratio of a representative class (the retail class), the Board considered the fund's class-level unitary management fees rate as well as other fund or class expenses, as applicable, such as fund-paid 12b-1 fees. The Board noted that differences among the classes' net expenses are the result of separate arrangements for class level services and/or waivers of certain expenses (if any). It is not the result of any difference in advisory or custodial fees or other expenses related to the management of a fund's assets, which do not vary by class. The Board noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund.

<u>Comparisons of Management Fees and Total Expense Ratios</u>. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "total peer groups") that were compiled by Fidelity based on combining similar Morningstar categories that have comparable investment mandates and sales load types (as classified by Lipper). The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) of Initial Class of the fund relative to funds and classes within the total peer group; and (ii) total expense comparisons of Initial Class of the fund relative to the total peer group.

The information provided to the Board indicated that the management fee rate and total expense ratio of Initial Class of the fund ranked below te competitive median of the total peer group for the 12-month period ended March 31, 2025.

<u>Other Contractual Arrangements</u>. The Board further considered that FDS has contractually agreed to reimburse Initial Class, Investor Class, Service Class and Service Class 2 of the fund to the extent that total operating expenses, with certain exceptions, as a percentage of their respective average net assets, exceed 0.52%, 0.55%, 0.62% and 0.77% through April 30, 2026.

<u>Fees Charged to Other Fidelity Clients</u>. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity other than the fund, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar investment mandates.

Based on its review, the Board concluded that the management fee of each class of the fund is fair and reasonable in light of the services that the fund receives and the other factors considered. Further based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of the fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

**Costs of the Services and Profitability.** The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board considered the level of Fidelity's profits in respect of all the Fidelity funds the Board oversees. The Board noted that the profitability information reflects the relatively small size of the funds overseen by the Board and their short history.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with the fund. Fidelity calculates profitability information for each Fidelity fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Board reviews any significant changes from the prior year's methodologies.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's fund business. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist.

The Board considered the costs of the services provided by and the lack of meaningful operating margins realized by Fidelity in connection with the operation of the funds overseen by the Board and was satisfied that the profitability was not excessive.

**Economies of Scale.** The Board will consider economies of scale when there is sufficient operating experience to permit assessment thereof. It noted that, notwithstanding the entrepreneurial risk associated with a new fund, the management fee had been set initially at a level normally associated, by comparison with competitors, with very high fund net assets, and Fidelity asserted to the Board that the level of the fee anticipated economies of scale at lower asset levels even before, if ever, economies of scale are achieved. The Board also noted that the fund and its shareholders would have access to the very considerable number and variety of services available through Fidelity and its affiliates.

**Conclusion.** Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory and sub-advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances, and that the fund's Advisory Contracts should be approved through November 30, 2026.

![](img123233_4.jpg)<br>

1.9911019.100 VHEI-ANN-0226

Item 8.

<u>Changes in and Disagreements with Accountants for Open-End Management Investment Companies</u>

See Item 7.

Item 9.

<u>Proxy Disclosures for Open-End Management Investment Companies</u>

See Item 7.

Item 10.

<u>Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies</u>

See Item 7.

Item 11.

<u>Statement Regarding Basis for Approval of Investment Advisory Contract</u>

See Item 7.

Item 12.

<u>Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies</u>

Not applicable.

Item 13.

<u>Portfolio Managers of Closed-End Management Investment Companies</u>

Not applicable.

Item 14.

<u>Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers</u>

Not applicable.

Item 15.

<u>Submission of Matters to a Vote of Security Holders</u>

There were no material changes to the procedures by which shareholders may recommend nominees to the trust's Board of Trustees.

Item 16.

<u>Controls and Procedures</u>

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the trust's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust's internal control over financial reporting.

Item 17.

<u>Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>

Not applicable.

Item 18.

<u>Recovery of Erroneously Awarded Compensation</u>

(a) Not applicable.

(b) Not applicable.

Item 19.

<u>Exhibits</u>

(a) (1) [Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.](code.htm)

(a) (2) [Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.](ex99cert.htm)

(a) (3) Not applicable.

(b) [Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.](ex99906cert.htm)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Variable Insurance Products Fund VI

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Heather Bonner</u> |
|  | &nbsp;&nbsp; Heather Bonner |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; February 20, 2026 |

---

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Heather Bonner</u> |
|  | &nbsp;&nbsp; Heather Bonner |
|  | &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; February 20, 2026 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp; By: | &nbsp;&nbsp; <u>/s/Stephanie Caron</u> |
|  | &nbsp;&nbsp; Stephanie Caron |
|  | &nbsp;&nbsp; Chief Financial Officer (Principal Financial Officer) |
| &nbsp;&nbsp; Date: | &nbsp;&nbsp; February 20, 2026 |

---

## Ex-99.Code

**Fidelity Investments**

**FIDELITY FUNDS'**

**CODE OF ETHICS**

**FOR PRESIDENT, TREASURER**

**AND PRINCIPAL ACCOUNTING OFFICER**

2023

**FIDELITY FUNDS' CODE OF ETHICS FOR**

**PRESIDENT, TREASURER AND PRINCIPAL ACCOUNTING OFFICER**

**I. Purposes of the Code/Covered Officers**

This document constitutes the Code of Ethics (Code) adopted by the Fidelity Funds (Funds) pursuant to Section 406 of the Sarbanes-Oxley Act of 2002. The Code applies to the Fidelity Funds' President and Treasurer, and Chief Financial Officer (Covered Officers). Fidelity's Ethics Office, within Enterprise Compliance, administers the Code.

The purposes of the Code are to deter wrongdoing and to promote, on the part of the Covered Officers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· full, fair, accurate, timely and understandable disclosure in reports and documents that the Fidelity Funds submit to the Securities and Exchange Commission (SEC), and in other public communications by a Fidelity Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· the prompt internal reporting to an appropriate person or persons identified in the Code of violations of the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

**II.** **Covered Officers Should Handle Ethically** 

**Actual and Apparent Conflicts of Interest**

**Overview.** A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or their service to, the Fidelity Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of their family, receives improper personal benefits as a result of their position with the Fidelity Funds.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fidelity Funds and already are subject to conflict of interest provisions in the Investment Company Act of 1940 (Investment Company Act) and the Investment Advisers Act of 1940 (Investment Advisers Act). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with a Fidelity Fund because of their status as "affiliated persons" of the Fund. Separate compliance programs and procedures of the Fidelity Funds, Fidelity Management & Research Company (FMR) and the other Fidelity companies are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Fidelity Funds, FMR or another Fidelity company), be involved in establishing policies and implementing decisions that have different effects on the Fidelity Funds, FMR and other Fidelity companies. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fidelity Funds and FMR (or another Fidelity company) and is consistent with the performance by the Covered Officers of their duties as officers of the Fidelity Funds. Thus, if performed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, such activities will be deemed to have been handled ethically. In addition, it is recognized by the Funds' Board of Trustees (Board) that the Covered Officers also may be officers or employees of one or more other Fidelity Funds covered by this Code.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of a Fidelity Fund.

\* \* \*

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not use their personal influence or personal relationships improperly to influence investment decisions or financial reporting by any Fidelity Fund whereby the Covered Officer would benefit personally to the detriment of any Fidelity Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not cause a Fidelity Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fidelity Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not engage in any outside business activity, including serving as a director or trustee, that prevents the Covered Officer from devoting appropriate time and attention to the Covered Officer's responsibilities with the Fidelity Funds;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not have a consulting or employment relationship with any of the Fidelity Funds' service providers that are not affiliated with Fidelity; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· not retaliate against any employee or Covered Officer for reports of actual or potential misconduct, which are made in good faith.

With respect to other fact patterns, if a Covered Officer is in doubt, other potential conflict of interest situations should be described immediately to the Fidelity Ethics Office for resolution. Similarly, any questions a Covered Officer has generally regarding the application or interpretation of the Code should be directed to the Fidelity Ethics Office immediately.

**III. Disclosure and Compliance**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should familiarize themself with the disclosure requirements generally applicable to the Fidelity Funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about any Fidelity Fund to others, whether within or outside Fidelity, including to the Board and auditors, and to governmental regulators and self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Each Covered Officer should, to the extent appropriate within their area of responsibility, consult with other officers and employees of the Fidelity Funds, FMR and the Fidelity service providers, and with the Board's Compliance Committee, with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fidelity Funds file with, or submit to, the SEC and in other public communications made by the Fidelity Funds; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· It is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

**IV. Reporting and Accountability**

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· upon receipt of the Code, and annually thereafter, submit to the Fidelity Ethics Office an acknowledgement stating that they have received, read, and understand the Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· notify the Fidelity Ethics Office promptly if they know of any violation of the Code. <u>Failure to do so is itself a violation of this Code</u>.

The Fidelity Ethics Office shall take all action it considers appropriate to investigate any actual or potential violations reported to it. Upon completion of the investigation, if necessary, the matter will be reviewed with senior management or other appropriate parties, and a determination will be made as to whether any action should be taken as detailed below. The Covered Officer will be informed of any action determined to be appropriate. The Fidelity Ethics Office will inform the Personal Trading Committee of all Code violations and actions taken in response. Without implied limitation, appropriate remedial, disciplinary or preventive action may include a written warning, a letter of censure, suspension, dismissal or, in the event of criminal or other serious violations of law, notification of the SEC or other appropriate law enforcement authorities. Additionally, other legal remedies may be pursued.

The policies and procedures described in the Code do not create any obligations to any person or entity other than the Fidelity Funds. The Code is intended solely for the internal use by the Fidelity Funds and does not constitute a promise, contract or an admission by or on behalf of any Fidelity Fund as to any fact, circumstance, or legal conclusion. The Fidelity Funds, the Fidelity companies and the Fidelity Head of Ethics retain the discretion to decide whether the Code applies to a specific situation, and how it should be interpreted.

**V. Oversight**

Material violations of this Code will be reported promptly by FMR (or another Fidelity company) to the Board's Compliance Committee. In addition, at least once each year, FMR (or another Fidelity company) will provide a written report to the Board, which describes any issues arising under the Code since the last report to the Board, including, but not limited to, information about material violations of the Code and action taken in response to the material violations.

**VI. Other Policies and Procedures** 

This Code shall be the sole code of ethics adopted by the Fidelity Funds for purposes of Section 406 of the Sarbanes-Oxley Act. Other Fidelity policies or procedures that cover the behavior or activities of Covered Officers are separate requirements applying to the Covered Officers (and others) and are not part of this Code.

**VII. Amendments**

Any material amendments or changes to this Code must be approved or ratified by a majority vote of the Board, including a majority of the Trustees who are not interested persons of the Fidelity Funds.

**VIII. Records and Confidentiality**

Records of any violation of the Code and of the actions taken as a result of such violations will be kept by the Fidelity Ethics Office. All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the Fidelity Ethics Office, the Personal Trading Committee, the Board, appropriate personnel at the relevant Fidelity company or companies and the legal counsel of any or all of the foregoing.

2023

## Ex-99.Cert

<u>Exhibit EX-99.CERT</u>

I, Heather Bonner, certify that:

1. I have reviewed this report on Form N-CSR of Variable Insurance Products Fund VI;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

February 20, 2026

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| |
|:---|
| &nbsp;&nbsp; <u>/s/Heather Bonner</u> |
| &nbsp;&nbsp; Heather Bonner |
| &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |

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I, Stephanie Caron, certify that:

1. I have reviewed this report on Form N-CSR of Variable Insurance Products Fund VI;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b.

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based upon such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:

February 20, 2026

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| |
|:---|
| &nbsp;&nbsp; <u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp; Stephanie Caron |
| &nbsp;&nbsp; Chief Financial Officer (Principal Financial Officer) |

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## Exhibit 99.906

<u>Exhibit EX-99.906CERT</u>

**Certification Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code)**

In connection with the attached Report of Variable Insurance Products Fund VI (the "Trust") on Form N-CSR to be filed with the Securities and Exchange Commission (the "Report"), each of the undersigned officers of the Trust does hereby certify that, to the best of such officer's knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;1. The Report fully complies with the requirements of 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Trust as of, and for, the periods presented in the Report.

Dated: February 20, 2026

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| |
|:---|
| &nbsp;&nbsp; <u>/s/Heather Bonner</u> |
| &nbsp;&nbsp; Heather Bonner |
| &nbsp;&nbsp; President and Treasurer (Principal Executive Officer) |

---

Dated: February 20, 2026

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| |
|:---|
| &nbsp;&nbsp; <u>/s/Stephanie Caron</u> |
| &nbsp;&nbsp; Stephanie Caron |
| &nbsp;&nbsp; Chief Financial Officer (Principal Financial Officer) |

---

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to the Trust and will be retained by the Trust and furnished to the Securities and Exchange Commission or its staff upon request.

<br>