GUARDIAN VARIABLE PRODUCTS TRUST
(the “Trust”)
Supplement dated December 6, 2023
to the Prospectus, Summary Prospectus and Statement of Additional Information (“SAI”)
dated May 1, 2023
All Funds:
Effective immediately, the table on page 55 of the SAI that provides information about the Officers of the Trust has been revised to add the following individual:
| Name
and Year of Birth |
Position(s) Held and Length of Service | Principal Occupation(s) During Past Five Years | ||
| Carol Huen (born 1975) | Assistant Treasurer (since November 2023) | Senior Lead Accountant and Associate Mutual Fund Controller, The Guardian Life Insurance Company of America (since 2021); Lead Representative, The Bank of New York Mellon prior thereto. |
Effective December 31, 2023 (the “Effective Date”), Richard T. Potter will no longer serve as a Trustee of the Trust. Accordingly, all references to Mr. Potter in the SAI are hereby deleted as of the Effective Date.
Guardian Strategic Large Cap Core VIP Fund only:
Effective December 31, 2023, Sammy Suzuki, CFA, Co-Chief Investment Officer - Strategic Core Equities of AllianceBernstein L.P. (“AB” or “AllianceBernstein”) will no longer serve as a Portfolio Manager of Guardian Strategic Large Cap Core VIP Fund (the “Fund”). Accordingly, all references to Mr. Suzuki in the Prospectus, Summary Prospectus and SAI with respect to the Fund are hereby deleted as of the Effective Date.
The following changes have been made to the Prospectus, Summary Prospectus and SAI with respect to the Fund as applicable:
The “Management” section of the Summary Prospectus and Prospectus has been revised to add the following individual as a Portfolio Manager with respect to the applicable Fund:
| Portfolio Manager | Title with the Subadviser | Managed Fund Since | ||
| Christopher W. Marx | Senior Vice President | December 6, 2023 |
Kent Hargis remains a Portfolio Manager of the Fund.
The disclosure under the heading “Portfolio Managers” of the Prospectus has been revised to add the following information on page 143 with respect to the Fund:
Christopher W. Marx
Senior Investment
Strategist – Equities of AB
Christopher W. Marx is Senior Vice President and Global Head of Equity Business
Development. He is responsible for overseeing the firm’s team of equity investment strategists and product managers, setting
strategic priorities and goals for AB’s global Equities business, developing new products, and engaging with clients to
represent market views and investment strategies of AB. Previously, Mr. Marx was a senior investment strategist and a portfolio
manager of Equities, and in 2011 he cofounded the Global, International and US Strategic Core Equity portfolios with Kent Hargis. He
joined AB in 1997 as a research analyst covering a variety of industries both domestically and internationally, including chemicals,
metals, retail and consumer staples. Mr. Marx became part of the portfolio management team at AB in 2004. Prior to joining AB, he
spent six years as a consultant for Deloitte & Touche and Boston Consulting Group. Mr. Marx holds a B.A. in economics from
Harvard University and an MBA from the Stanford Graduate School of Business.
The “Other Accounts Managed” section of the SAI is revised to add the following information on page 76 as of 10/31/23:
| Manager/Portfolio Manager(s) |
Types of Account |
Number of Other Accounts Managed |
Total Assets by Other Accounts Managed (millions) |
Number of Other Accounts Managed Paying Performance Fee |
Total Assets of Other Accounts Managed Paying Performance Fee (millions) |
| AllianceBernstein Christopher W. Marx |
Registered Investment Companies | 0 | $0 | 0 | $0 |
| Other Pooled Investment Vehicles | 0 | $0 | 0 | $0 | |
| Other Accounts | 0 | $0 | 0 | $0 |
As of October 31, 2023, Mr. Marx did not own any shares of the Fund.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE.