# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000035402-26-001315
**Filing Date:** 2026-2
**Character Count:** 16814
**Document Hash:** c016937c5d851af69caf82dee1edb1a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001315.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001315

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260224

**DATE AS OF CHANGE**: 20260224

**PERIOD START**: 20251231

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05361
- **FILM NUMBER:** 26670462

**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

### FundsManager 20% Portfolio (Series ID: S000017654)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048786 | Investor Class  |  |
| C000048787 | Service Class   |  |
| C000048788 | Service Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Variable Insurance Products Fund V

- **b. Investment Company Act file number:** 811-05361

- **c. CIK number of Registrant:** 0000823535

- **d. LEI of Registrant:** S8GYVGVVOPTJ8G3T5C60

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

**Item A.2. Information about the Series.**

- **a. Name of Series:** VIP FundsManager 20% Portfolio

- **b. EDGAR series identifier (if any):** S000017654

- **c. LEI of Series:** RUIEDNJLZNCJX90WG544

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $690188970.10

**Total Liabilities:** $141752.74

**Net Assets:** $690047217.36

**Cash Not Reported:** $28199.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048788 | 0.88%                | 0.35%                | 0.23%                |
| Class ID C000048787 | 0.96%                | 0.35%                | 0.18%                |
| Class ID C000048786 | 0.96%                | 0.35%                | 0.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4885494.16              | $-174015.24                                |
| Month 2  | $100715.24               | $604414.87                                 |
| Month 3  | $-8175.33                | $-8863808.77                               |

### Schedule of Portfolio Investments

| Name                                 | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fidelity Select Portfolios           | Fidelity Real Estate Investment Portfolio               | CUSIP: 316138205<br>LEI: Z57125JG1LHEQKDYS630 | Long             | EC               | RF                | US        |     37942 | NS      | $1434961.79   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Advisor Series VIII         | FIDELITY INTERNATIONAL CAPITAL APPRECIATION FUND        | CUSIP: 315920116<br>LEI: 7NCVLVDHSF9IBHF3E783 | Long             | EC               | RF                | US        |    153820 | NS      | $5495990.07   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity International Small Cap Opportunities Fund     | CUSIP: 315910562<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    101349 | NS      | $2210424.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Blue Chip Growth ETF                           | CUSIP: 316092352<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |     50011 | NS      | $2742603.24   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced International ETF                     | CUSIP: 31609A404<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    121513 | NS      | $4444945.54   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 03/12/2026                                 | CUSIP: 912797SB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $49660.14     | 0.01%             | 2026-03-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE FUTURES US                       | MSCI EMGMKT FUT MAR26 MESH6                             | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |        94 | NC      | $120547.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Capital Trust               | FIDELITY STOCK SELECTOR SMALL CAP FUND                  | CUSIP: 315912303<br>LEI: IV6I0ESBGYIQU6DO1B35 | Long             | EC               | RF                | US        |    136514 | NS      | $5778620.01   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/22/2026                                 | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    170000 | PA      | $169664.41    | 0.02%             | 2026-01-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Oxford Street Trust         | Fidelity Commodity Strategy Fund                        | CUSIP: 31634R307<br>LEI: Z2ZIGDKL3355UQRAKY22 | Long             | EC               | RF                | US        |     53770 | NS      | $5473246.06   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY EMERGING MARKETS FUND                          | CUSIP: 315910869<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    276803 | NS      | $13804187.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund III | FIDELITY VIP VALUE STRATEGIES PORTFOLIOInvestor         | CUSIP: 922176615<br>LEI: C88PZA3GJP7OWPNW6V03 | Long             | EC               | RF                | US        |    194785 | NS      | $3065915.70   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Income Fund                 | Fidelity Total Bond Fund                                | CUSIP: 31617K881<br>LEI: D66RCKM57LC8ELZCAY58 | Long             | EC               | RF                | US        |  15583984 | NS      | $150697124.74 | 21.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Summer Street Trust         | Fidelity High Income Fund                               | CUSIP: 316146406<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |   1281367 | NS      | $10379075.12  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE               | US 10YR NOTE FUT (CBT)MAR26 TYH6                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        59 | NC      | $-31985.08    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY INFRASTRUCTURE FUND                            | CUSIP: 31618H168<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     59070 | NS      | $991201.70    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust          | Fidelity Long-Term Treasury Bond Index Fund             | CUSIP: 31635V232<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |     42463 | NS      | $394484.21    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 03/05/2026                                 | CUSIP: 912797RV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    230000 | PA      | $228599.90    | 0.03%             | 2026-03-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 02/05/2026                                 | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     80000 | PA      | $79732.43     | 0.01%             | 2026-02-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Variable Insurance Products Fund V   | VIP Investment Grade Bond II Portfolio - Investor Class | CUSIP: 922178645<br>LEI: S8GYVGVVOPTJ8G3T5C60 | Long             | EC               | RF                | US        |  15961748 | NS      | $151157752.63 | 21.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Canada Fund                                    | CUSIP: 315910307<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     36341 | NS      | $2841145.48   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced Large Cap Core ETF                    | CUSIP: 316092113<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    118250 | NS      | $4513602.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust         | Fidelity Cash Central Fund                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  33440213 | NS      | $33446901.05  | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Greenwood Street Trust      | Fidelity Hedged Equity Fund                             | CUSIP: 31624J844<br>LEI: 549300467DYGTZIRI308 | Long             | EC               | MUN               | US        |    588431 | NS      | $8773501.23   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust     | FIMM MM Government Portfolio - Instl Cl                 | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | EC               | RF                | US        | 162919022 | NS      | $162919022.15 | 23.61%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity International Discovery Fund                   | CUSIP: 315910208<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     75691 | NS      | $4325006.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Contrafund                  | Fidelity Contrafund                                     | CUSIP: 316071109<br>LEI: S5Y3O6VQ0TG5C3WLJP73 | Long             | EC               | RF                | US        |    103241 | NS      | $2508768.09   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust          | Fidelity Inflation-Protected Bond Index Fund            | CUSIP: 31635T104<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |   1419431 | NS      | $12945210.81  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 02/26/2026                                 | CUSIP: 912797RU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19890.34     | 0.00%             | 2026-02-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Advisor Series I            | Fidelity Floating Rate High Income Fund                 | CUSIP: 315916783<br>LEI: C7J4FOV6ELAVE39B7M82 | Long             | EC               | RF                | US        |    565249 | NS      | $5143768.18   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Fundamental Small-Mid Cap ETF                  | CUSIP: 316092295<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |     82413 | NS      | $2529254.97   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                       | MSCI EAFE FUT MAR26 MFSH6                               | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |        49 | NC      | $71207.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Overseas Fund                                  | CUSIP: 316343102<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    236808 | NS      | $17057247.75  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Total International Equity Fund                | CUSIP: 315910299<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    379668 | NS      | $5653263.25   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Japan Smaller Companies Fund                   | CUSIP: 315910760<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    104304 | NS      | $1750216.04   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund     | VIP Stock Selector Portfolio - Investor Class           | CUSIP: 922174362<br>LEI: 549300DXU3EB0NDEJ256 | Long             | EC               | RF                | US        |   4585428 | NS      | $65938451.19  | 9.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer