Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Fidelity VIP Growth Opportunities Init Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2024-03-01   Maximum Fees Administrative --- Management 0.66% 12b-1 --- Actual Fees 12b-1 --- Management 0.58% Expense Ratio 0.61% (taken from annual report dated 2023-12-31) Total Annual Operating Expense 0.59%

Waiver Data Type Date % --- --- --- ---

Management Inception Date: 1995-01-03

Mngr Name Kyle Weaver Mngr Start Date 2015-07-14 Biography Kyle Weaver is portfolio manager of the fund, which he has managed since July 2015. He also manages other funds. Since joining Fidelity Investments in 2008, Mr. Weaver has worked as a research analyst and portfolio manager. Mr. Weaver earned his Bachelor of Arts degree in public policy from Stanford University. Mngr Name Becky Baker Mngr Start Date 2023-11-14 Biography Becky Baker is a research analyst and portfolio manager in the Equity division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals. In this role, Ms. Baker manages Fidelity Select Enterprise Tech Services Portfolio. She co-manages the Fidelity Advisor Growth Opportunities Fund and the technology sleeve of the Fidelity Series All-Sector Equity Fund. Additionally, she covers IT services, software, and other information technology stocks as an analyst. Prior to assuming her current role, Ms. Baker managed Fidelity Select Leisure Portfolio and covered consumer stocks, including restaurants, hotels, gaming, cruise lines. Prior to joining Fidelity as an equity research intern, Ms. Baker served an equity analyst intern at SEI Investments. She has been in the financial industry since 2012. Ms. Baker earned her bachelor of arts degree in economics from Swarthmore College. Investment Advisor(s) Fidelity Management & Research Company LLC Web Site www.institutional.fidelity.com Issuer Fidelity Investments Subadvisor(s) FMR Investment Management (U.K.) Limited Fidelity Management & Research (Japan) Limited Fidelity Management & Research (HK) Ltd

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