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Vanguard Variable Insurance Funds

12/19/2025 | Press release | Distributed by Public on 12/19/2025 08:01

Prospectus by Investment Company (Form 497)

Vanguard Variable Insurance Funds - Growth Portfolio

Supplement Dated December 19, 2025, to the Prospectus and Summary Prospectus Dated April 29, 2025

Important Changes to Vanguard Variable Insurance Funds - Growth Portfolio (the "Portfolio")

Effective today, Andrew J. Shilling has stepped down as co-portfolio manager of the Portfolio. Clark R. Shields will remain as the Portfolio's sole

portfolio manager.

The Portfolio's investment objective, strategies, and policies remain unchanged.

Prospectus and Summary Prospectus Text Changes

All references to Mr. Shilling are hereby deleted in their entirety.

© 2025 The Vanguard Group, Inc. All rights reserved.

PS 109A 122025

Vanguard Marketing Corporation, Distributor.


Vanguard Variable Insurance Funds

Supplement Dated December 19, 2025, to the Statement of Additional Information Dated April 29, 2025

Important Changes to Vanguard Variable Insurance Funds - Growth Portfolio (the "Portfolio")

Effective today, Andrew J. Shilling has stepped down as co-portfolio manager of the Portfolio. Clark R. Shields will remain as the Portfolio's sole portfolio manager.

The Portfolio's investment objective, strategies, and policies remain unchanged.

Statement of Additional Information Text Changes

All references to Mr. Shilling are hereby deleted in their entirety.

© 2025 The Vanguard Group, Inc. All rights reserved.

SAI 109A 122025

Vanguard Marketing Corporation, Distributor.


Vanguard Variable Insurance Funds published this content on December 19, 2025, and is solely responsible for the information contained herein. Distributed via Edgar on December 19, 2025 at 14:01 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]