# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0001752724-25-198666
**Filing Date:** 2025-8
**Character Count:** 12641
**Document Hash:** debf8dd9059424411364f4b6ec7304f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-198666.hdr.sgml**: 20250822

**ACCESSION NUMBER**: 0001752724-25-198666

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250822

**DATE AS OF CHANGE**: 20250822

**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:** 251243506

**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

### Target Volatility Portfolio (Series ID: S000039767)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000123283 | Service Class   |  |
| C000123284 | 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 Target Volatility Portfolio

- **b. EDGAR series identifier (if any):** S000039767

- **c. LEI of Series:** 549300PDUPP06EO9QQ95

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $166447779.75

**Total Liabilities:** $1118758.52

**Net Assets:** $165329021.23

**Cash Not Reported:** $213.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123284 | -2.03%               | 1.24%                | 3.28%                |
| Class ID C000123283 | -2.02%               | 1.24%                | 3.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1459617.56              | $-4530610.86                               |
| Month 2  | $1016152.39              | $1388851.98                                |
| Month 3  | $-455164.22              | $5424680.81                                |

### 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 Covington Trust             | Fidelity Blue Chip Growth ETF                   | CUSIP: 316092352<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |     39901 | NS      | $1924824.24   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced International ETF             | CUSIP: 31609A404<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    215673 | NS      | $7173283.98   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Capital Trust               | FIDELITY STOCK SELECTOR SMALL CAP FUND          | CUSIP: 315912303<br>LEI: IV6I0ESBGYIQU6DO1B35 | Long             | EC               | RF                | US        |    109386 | NS      | $4047266.79   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 07/10/2025                         | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    860000 | PA      | $859098.79    | 0.52%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY EMERGING MARKETS FUND                  | CUSIP: 315910869<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    263774 | NS      | $11321193.77  | 6.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund III | FIDELITY VIP VALUE STRATEGIES PORTFOLIOInvestor | CUSIP: 922176615<br>LEI: C88PZA3GJP7OWPNW6V03 | Long             | EC               | RF                | US        |    155688 | NS      | $2277718.35   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY INTERNATIONAL VALUE FUND               | CUSIP: 315910489<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    427753 | NS      | $5458126.90   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Income Fund                 | Fidelity Total Bond Fund                        | CUSIP: 31617K881<br>LEI: D66RCKM57LC8ELZCAY58 | Long             | EC               | RF                | US        |   4120916 | NS      | $39519588.49  | 23.90%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR NYSE TECHNOLOGY ETF             | SPDR Blmbg 1-10 Year TIPS ETF                   | CUSIP: 78468R861<br>LEI: 549300PS44ZVKSLTMI64 | Long             | EC               | RF                | US        |     59925 | NS      | $1146964.50   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES INC                          | iShares Core MSCI Emerging Markets ETF          | CUSIP: 46434G103<br>LEI: 549300X7CW3B8850WA94 | Long             | EC               | RF                | US        |     47938 | NS      | $2877718.14   | 1.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Fidelity Salem Street Trust          | Fidelity Long-Term Treasury Bond Index Fund     | CUSIP: 31635V232<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |     36885 | NS      | $342296.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust          | FIDELITY US BOND INDEX FUNDFIDELITY ADV         | CUSIP: 316146356<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |     21251 | NS      | $221863.97    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 08/14/2025                         | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19894.74     | 0.01%             | 2025-08-14      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Canada Fund                            | CUSIP: 315910307<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     18011 | NS      | $1380897.54   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced Large Cap Core ETF            | CUSIP: 316092113<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    386087 | NS      | $13316140.63  | 8.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust         | Fidelity Cash Central Fund                      | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |    666391 | NS      | $666524.73    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Greenwood Street Trust      | Fidelity Hedged Equity Fund                     | CUSIP: 31624J844<br>LEI: 549300467DYGTZIRI308 | Long             | EC               | MUN               | US        |    143576 | NS      | $1997135.87   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust     | FIMM MM Government Portfolio - Instl Cl         | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | EC               | RF                | US        |     80323 | NS      | $80323.29     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Contrafund                  | Fidelity Contrafund                             | CUSIP: 316071109<br>LEI: S5Y3O6VQ0TG5C3WLJP73 | Long             | EC               | RF                | US        |     83271 | NS      | $1942714.93   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust         | Fidelity Securities Lending Cash Central Fund   | CUSIP: 31635A303<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1077892 | NS      | $1078000.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 07/24/2025                         | CUSIP: 912797PF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19946.78     | 0.01%             | 2025-07-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Fundamental Small-Mid Cap ETF          | CUSIP: 316092295<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |     70708 | NS      | $1922550.52   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Overseas Fund                          | CUSIP: 316343102<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    267146 | NS      | $20113431.07  | 12.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Japan Smaller Companies Fund           | CUSIP: 315910760<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     21379 | NS      | $395944.78    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund     | VIP Stock Selector Portfolio - Investor Class   | CUSIP: 922174362<br>LEI: 549300DXU3EB0NDEJ256 | Long             | EC               | RF                | US        |   3614408 | NS      | $46083700.93  | 27.87%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Laura M. Del Prato

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

**Title:** President and Treasurer