# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000823535-25-000277
**Filing Date:** 2025-6
**Character Count:** 16234
**Document Hash:** d2f7aa5f04b958b8f4d5af385c8affc5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000823535-25-000277.hdr.sgml**: 20250606

**ACCESSION NUMBER**: 0000823535-25-000277

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250606

**DATE AS OF CHANGE**: 20250606

**EFFECTIVENESS DATE**: 20250606

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Insurance Products Fund V
- **CENTRAL INDEX KEY:** 0000823535

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

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17704
- **FILM NUMBER:** 251029342

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY BOSTON STREET TRUST
- **DATE OF NAME CHANGE:** 19951101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SPARTAN U S TREASURY MONEY MARKET FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIDELITY U S TREASURY MONEY MARKET FUND L P
- **DATE OF NAME CHANGE:** 19900828

## Series and Classes Contracts Data

### Freedom 2030 Portfolio (Series ID: S000017649)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048777 |
| Service Class   | C000048778 |
| Service Class 2 | C000048779 |

---

### Freedom Income Portfolio (Series ID: S000017650)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048780 |
| Service Class   | C000048781 |
| Service Class 2 | C000048782 |

---

### Freedom Lifetime Income I Portfolio (Series ID: S000017651)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048783 |

---

### Freedom Lifetime Income II Portfolio (Series ID: S000017652)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048784 |

---

### Freedom Lifetime Income III Portfolio (Series ID: S000017653)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048785 |

---

### Investor Freedom 2010 Portfolio (Series ID: S000017660)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048803 |

---

### Investor Freedom 2015 Portfolio (Series ID: S000017661)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048804 |

---

### Investor Freedom 2020 Portfolio (Series ID: S000017662)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048805 |

---

### Investor Freedom 2025 Portfolio (Series ID: S000017663)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048806 |

---

### Investor Freedom 2030 Portfolio (Series ID: S000017664)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048807 |

---

### Investor Freedom Income Portfolio (Series ID: S000017665)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000048808 |

---

### Freedom 2010 Portfolio (Series ID: S000017670)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048824 |
| Service Class   | C000048825 |
| Service Class 2 | C000048826 |

---

### Freedom 2015 Portfolio (Series ID: S000017671)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048827 |
| Service Class   | C000048828 |
| Service Class 2 | C000048829 |

---

### Freedom 2020 Portfolio (Series ID: S000017672)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048830 |
| Service Class   | C000048831 |
| Service Class 2 | C000048832 |

---

### Freedom 2025 Portfolio (Series ID: S000017673)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048833 |
| Service Class   | C000048834 |
| Service Class 2 | C000048835 |

---

### Freedom 2035 Portfolio (Series ID: S000025268)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000075274 |
| Service Class   | C000075275 |
| Service Class 2 | C000075276 |

---

### Freedom 2040 Portfolio (Series ID: S000025269)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000075277 |
| Service Class   | C000075278 |
| Service Class 2 | C000075279 |

---

### Freedom 2045 Portfolio (Series ID: S000025270)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000075280 |
| Service Class   | C000075281 |
| Service Class 2 | C000075282 |

---

### Freedom 2050 Portfolio (Series ID: S000025271)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000075283 |
| Service Class   | C000075284 |
| Service Class 2 | C000075285 |

---

### Freedom 2055 Portfolio (Series ID: S000065217)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Service Class 2 | C000211073 |
| Service Class   | C000211074 |
| Initial Class   | C000211075 |

---

### Freedom 2060 Portfolio (Series ID: S000065218)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Service Class   | C000211076 |
| Service Class 2 | C000211077 |
| Initial Class   | C000211078 |

---

### Freedom 2065 Portfolio (Series ID: S000065219)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000211079 |
| Service Class   | C000211080 |
| Service Class 2 | C000211081 |

---

### Investor Freedom 2035 Portfolio (Series ID: S000076747)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000236782 |

---

### Investor Freedom 2040 Portfolio (Series ID: S000076748)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000236783 |

---

### Investor Freedom 2045 Portfolio (Series ID: S000076749)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000236784 |

---

### Investor Freedom 2050 Portfolio (Series ID: S000076750)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Investor Class | C000236785 |

---

### Freedom 2070 Portfolio (Series ID: S000085434)

---

|  |  |  |
|:---|:---|:---|
| Class Name      | Ticker Symbol | Class ID   |
| Service Class   | FRDGV         | C000250595 |
| Initial Class   | FRDFV         | C000250596 |
| Service Class 2 | FRDHV         | C000250597 |

---

## Series and Classes Contracts Data

### Freedom 2030 Portfolio (Series ID: S000017649)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048777 | Initial Class   |  |
| C000048778 | Service Class   |  |
| C000048779 | Service Class 2 |  |

### Freedom Income Portfolio (Series ID: S000017650)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048780 | Initial Class   |  |
| C000048781 | Service Class   |  |
| C000048782 | Service Class 2 |  |

### Freedom Lifetime Income I Portfolio (Series ID: S000017651)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048783 | Investor Class |  |

### Freedom Lifetime Income II Portfolio (Series ID: S000017652)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048784 | Investor Class |  |

### Freedom Lifetime Income III Portfolio (Series ID: S000017653)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048785 | Investor Class |  |

### Investor Freedom 2010 Portfolio (Series ID: S000017660)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048803 | Investor Class |  |

### Investor Freedom 2015 Portfolio (Series ID: S000017661)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048804 | Investor Class |  |

### Investor Freedom 2020 Portfolio (Series ID: S000017662)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048805 | Investor Class |  |

### Investor Freedom 2025 Portfolio (Series ID: S000017663)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048806 | Investor Class |  |

### Investor Freedom 2030 Portfolio (Series ID: S000017664)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048807 | Investor Class |  |

### Investor Freedom Income Portfolio (Series ID: S000017665)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000048808 | Investor Class |  |

### Freedom 2010 Portfolio (Series ID: S000017670)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048824 | Initial Class   |  |
| C000048825 | Service Class   |  |
| C000048826 | Service Class 2 |  |

### Freedom 2015 Portfolio (Series ID: S000017671)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048827 | Initial Class   |  |
| C000048828 | Service Class   |  |
| C000048829 | Service Class 2 |  |

### Freedom 2020 Portfolio (Series ID: S000017672)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048830 | Initial Class   |  |
| C000048831 | Service Class   |  |
| C000048832 | Service Class 2 |  |

### Freedom 2025 Portfolio (Series ID: S000017673)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048833 | Initial Class   |  |
| C000048834 | Service Class   |  |
| C000048835 | Service Class 2 |  |

### Freedom 2035 Portfolio (Series ID: S000025268)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000075274 | Initial Class   |  |
| C000075275 | Service Class   |  |
| C000075276 | Service Class 2 |  |

### Freedom 2040 Portfolio (Series ID: S000025269)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000075277 | Initial Class   |  |
| C000075278 | Service Class   |  |
| C000075279 | Service Class 2 |  |

### Freedom 2045 Portfolio (Series ID: S000025270)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000075280 | Initial Class   |  |
| C000075281 | Service Class   |  |
| C000075282 | Service Class 2 |  |

### Freedom 2050 Portfolio (Series ID: S000025271)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000075283 | Initial Class   |  |
| C000075284 | Service Class   |  |
| C000075285 | Service Class 2 |  |

### Freedom 2055 Portfolio (Series ID: S000065217)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000211073 | Service Class 2 |  |
| C000211074 | Service Class   |  |
| C000211075 | Initial Class   |  |

### Freedom 2060 Portfolio (Series ID: S000065218)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000211076 | Service Class   |  |
| C000211077 | Service Class 2 |  |
| C000211078 | Initial Class   |  |

### Freedom 2065 Portfolio (Series ID: S000065219)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000211079 | Initial Class   |  |
| C000211080 | Service Class   |  |
| C000211081 | Service Class 2 |  |

### Investor Freedom 2035 Portfolio (Series ID: S000076747)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000236782 | Investor Class |  |

### Investor Freedom 2040 Portfolio (Series ID: S000076748)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000236783 | Investor Class |  |

### Investor Freedom 2045 Portfolio (Series ID: S000076749)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000236784 | Investor Class |  |

### Investor Freedom 2050 Portfolio (Series ID: S000076750)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000236785 | Investor Class |  |

### Freedom 2070 Portfolio (Series ID: S000085434)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000250595 | Service Class   | FRDGV           |
| C000250596 | Initial Class   | FRDFV           |
| C000250597 | Service Class 2 | FRDHV           |

**Supplement to the Fidelity® Variable Insurance Products**

**Freedom Lifetime Income I Portfolio**

**Freedom Lifetime Income II Portfolio**

**Freedom Lifetime Income III Portfolio April 30, 2025 Prospectus**

Effective October 1, 2025, the following information replaces similar information found in the "Appendix" section under the "Additional Index Information" heading.

Each of **Fidelity VIP Freedom Lifetime Income I Composite IndexSM, Fidelity VIP Freedom Lifetime Income II Composite IndexSM,** and **Fidelity VIP Freedom Lifetime Income III Composite IndexSM** is a customized blend of the following unmanaged indexes: Dow Jones U.S. Total Stock Market IndexSM, Bloomberg U.S. Aggregate Bond Index, MSCI All Country World ex U.S. Index (Net MA), Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index, Bloomberg U.S. Long Treasury Bond Index, Bloomberg U.S. 3-6 Month Treasury Bill Index, and Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD). The index weightings are adjusted monthly to reflect each fund's changing asset allocations. The compositions differed in periods prior to October 1, 2025.

VIPFLI-PSTK-0625-109 1.832271.109 June 6, 2025

**Supplement to the Fidelity® Variable Insurance Products Investor Freedom® Funds April 30, 2025 Prospectus**

Effective October 1, 2025, the following information replaces similar information found in the "Appendix" section under the "Additional Index Information" heading.

Each of **Fidelity VIP Freedom Income Composite IndexSM, Fidelity VIP Freedom 2010 Composite IndexSM, Fidelity VIP Freedom 2015 Composite IndexSM, Fidelity VIP Freedom 2020 Composite IndexSM, Fidelity VIP Freedom 2025 Composite IndexSM, Fidelity VIP Freedom 2030 Composite IndexSM, Fidelity VIP Freedom 2035 Composite IndexSM, Fidelity VIP Freedom 2040 Composite IndexSM, Fidelity VIP Freedom 2045 Composite IndexSM,** and **Fidelity VIP Freedom 2050 Composite IndexSM** is a customized blend of the following unmanaged indexes: Dow Jones U.S. Total Stock Market Index**℠**, Bloomberg U.S. Aggregate Bond Index, MSCI All Country World ex U.S. Index (Net MA), Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index, Bloomberg U.S. Long Treasury Bond Index, Bloomberg U.S. 3-6 Month Treasury Bill Index, and Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD). The index weightings are adjusted monthly to reflect each fund's changing asset allocations. The compositions differed in periods prior to October 1, 2025.

VIPIFF-PSTK-0625-113 1.828376.113 June 6, 2025

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Freedom Funds**

**Initial Class, Service Class, and Service Class 2**

**April 30, 2025**

**Prospectus**

Effective October 1, 2025, the following information replaces similar information found in the "Appendix" section under the "Additional Index Information" heading.

Each of **Fidelity VIP Freedom Income Composite IndexSM, Fidelity VIP Freedom 2010 Composite IndexSM, Fidelity VIP Freedom 2015 Composite IndexSM, Fidelity VIP Freedom 2020 Composite IndexSM, Fidelity VIP Freedom 2025 Composite IndexSM, Fidelity VIP Freedom 2030 Composite IndexSM, Fidelity VIP Freedom 2035 Composite IndexSM, Fidelity VIP Freedom 2040 Composite IndexSM, Fidelity VIP Freedom 2045 Composite IndexSM, Fidelity VIP Freedom 2050 Composite IndexSM, Fidelity VIP Freedom 2055 Composite IndexSM, Fidelity VIP Freedom 2060 Composite IndexSM, Fidelity VIP Freedom 2065 Composite IndexSM, and Fidelity VIP Freedom 2070 Composite IndexSM** is a customized blend of the following unmanaged indexes: Dow Jones U.S. Total Stock Market IndexSM, Bloomberg U.S. Aggregate Bond Index, MSCI All Country World ex U.S. Index (Net MA), Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index, Bloomberg U.S. Long Treasury Bond Index, Bloomberg U.S. 3-6 Month Treasury Bill Index, and Bloomberg Global Aggregate ex USD ex EM Float Adjusted RIC Diversified Index (Hedged USD). The index weightings are adjusted monthly to reflect each fund's changing asset allocations. The compositions differed in periods prior to October 1, 2025.

VIPFF2K-PSTK-0625-113 1.828420.113 June 6, 2025