Fidelity® VIP Contrafund® Portfolio - Initial Class

1 fidelity VIP Contrafund Portfolio - Initial ClassRelease GrowthInvestment Objective & StrategyThe investment seeks long-term capital appreciation. The fund normally invests primarily in common stocks. It invests in securities of companies whose value fidelity Management & Research Company (FMR) believes is not fully recognized by the public. The fund invests in domestic and foreign issuers. It invests in either "growth" stocks or "value" stocks or both and uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select and RiskVolatilityas of 09-30-18 LowModerateHighInvestmentCategoryRisk Measures as of 09-30-18 Port AvgRel S&P 500 Rel Cat3 Yr Std Yr RisksForeign Securities, Loss of Money, Not FDIC Insured, Issuer,Market/Market Volatility, Equity SecuritiesImportant InformationMorningstar Investment Profiles must be accompaniedby Morningstar Disclosure and Glossary.

2 Funds or their affiliates may pay compensation to Voya affiliates offering a fund. Such compensation may be paid outof distribution, service and/or 12b-1 fees that are deducted fromthe fund's assets, and/or may be paid directly by the fund'saffiliates. Any fees deducted from fund assets are discussed inthe fund's prospectus and disclosed in the fund fact these fees are paid on an on-going basis, over timethese fees will increase the cost of your investment and maycost you more than paying other types of sales charges. Ifoffered through a retirement program, additional fees andexpenses may be charged under that program. NOT A FDIC INSURED. NOT INSURED BY ANY FEDERALGOVERNMENT AGENCY. NOT GUARANTEED BY THEINSTITUTION. MAY GO DOWN IN AnalysisComposition as of 08-31-18% Style Box as of 08-31-18% Mkt CapLargeMidSmallValue Blend 10 Holdings as of 08-31-18% AssetsMicrosoft Inc Class Group Chase & of America Inc Hathaway Inc Equity Sectors as of 08-31-18% Fundh Basic Consumer Financial Real Communication Consumer Prosp Exp of fund assetsNet Prosp Exp of fund assetsManagement Fee(s) Inception Date01-03-95 Total Fund Assets ($mil)20, Turnover Ratio % Family NameFidelity InvestmentsWaiver DataTypeExp.

3 Date%.. Portfolio Manager(s)Jean Park. Since Danoff. Since Management & ResearchCompanySubadvisorFMR Investment Management( ) LimitedNotes 2018 Morningstar, Inc., Morningstar Investment Profiles 312-696-6000. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) maynot be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any useof information. Past performance is no guarantee of future performance. Visit our investment website at (10/18)CN0207-39981-0320D