# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000823535-26-000352
**Filing Date:** 2026-6
**Character Count:** 9417
**Document Hash:** d39f7b56a76b274f7dc4bf41d4dad51b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000823535-26-000352.hdr.sgml**: 20260605

**ACCESSION NUMBER**: 0000823535-26-000352

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260605

**DATE AS OF CHANGE**: 20260605

**EFFECTIVENESS DATE**: 20260605

**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:** 261067633

**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

### Government Money Market Portfolio (Series ID: S000017648)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048773 |
| Investor Class  | C000048774 |
| Service Class   | C000048775 |
| Service Class 2 | C000048776 |

---

### Asset Manager 50% Portfolio (Series ID: S000017659)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048799 |
| Investor Class  | C000048800 |
| Service Class   | C000048801 |
| Service Class 2 | C000048802 |

---

### Strategic Income Portfolio (Series ID: S000017666)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048809 |
| Investor Class  | C000048810 |
| Service Class   | C000048811 |
| Service Class 2 | C000048812 |

---

### Asset Manager 70% Portfolio (Series ID: S000017667)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Investor Class  | C000048813 |
| Service Class   | C000048814 |
| Service Class 2 | C000048815 |
| Initial Class   | C000048816 |

---

### Investment Grade Bond Portfolio (Series ID: S000017668)

---

|  |  |
|:---|:---|
| Class Name      | Class ID   |
| Initial Class   | C000048817 |
| Investor Class  | C000048818 |
| Service Class   | C000048819 |
| Service Class 2 | C000048820 |

---

### Investment Grade Bond II Portfolio (Series ID: S000076420)

---

|  |  |
|:---|:---|
| Class Name     | Class ID   |
| Initial Class  | C000236280 |
| Investor Class | C000236281 |

---

## Series and Classes Contracts Data

### Government Money Market Portfolio (Series ID: S000017648)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048773 | Initial Class   |  |
| C000048774 | Investor Class  |  |
| C000048775 | Service Class   |  |
| C000048776 | Service Class 2 |  |

### Asset Manager 50% Portfolio (Series ID: S000017659)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048799 | Initial Class   |  |
| C000048800 | Investor Class  |  |
| C000048801 | Service Class   |  |
| C000048802 | Service Class 2 |  |

### Strategic Income Portfolio (Series ID: S000017666)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048809 | Initial Class   |  |
| C000048810 | Investor Class  |  |
| C000048811 | Service Class   |  |
| C000048812 | Service Class 2 |  |

### Asset Manager 70% Portfolio (Series ID: S000017667)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048813 | Investor Class  |  |
| C000048814 | Service Class   |  |
| C000048815 | Service Class 2 |  |
| C000048816 | Initial Class   |  |

### Investment Grade Bond Portfolio (Series ID: S000017668)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048817 | Initial Class   |  |
| C000048818 | Investor Class  |  |
| C000048819 | Service Class   |  |
| C000048820 | Service Class 2 |  |

### Investment Grade Bond II Portfolio (Series ID: S000076420)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000236280 | Initial Class  |  |
| C000236281 | Investor Class |  |

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Asset Manager 50% Portfolio, Asset Manager 70% Portfolio, Government Money Market Portfolio, Investment Grade Bond Portfolio, and Strategic Income Portfolio**

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

**April 30, 2026**

**STATEMENT OF ADDITIONAL INFORMATION**

*The following information supplements information for VIP Investment Grade Bond Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 21 | 18 | 29 |
| Number of Accounts Managed with Performance-Based Advisory Fees |  |  |  |
| Assets Managed (in millions) | $229943 | $39694 | $18502 |
| Assets Managed with Performance-Based Advisory Fees (in millions) |  |  |  |

---

\* Includes assets of VIP Investment Grade Bond Portfolio managed by the portfolio manager ($5,004 (in millions) assets managed).

As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond Portfolio beneficially owned by the portfolio manager was none.

VINSCSC2-SSTK-0626-139-1.869876.139 June 5, 2026

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Investment Grade Bond II Portfolio**

**Initial Class**

**April 30, 2026**

**STATEMENT OF ADDITIONAL INFORMATION**

*The following information supplements information found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 21 | 18 | 29 |
| Number of Accounts Managed with Performance-Based Advisory Fees |  |  |  |
| Assets Managed (in millions) | $229943 | $39694 | $18502 |
| Assets Managed with Performance-Based Advisory Fees (in millions) |  |  |  |

---

\* Includes assets of VIP Investment Grade Bond II Portfolio managed by the portfolio manager ($3,496 (in millions) assets managed).

As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond II Portfolio beneficially owned by the portfolio manager was none.

VIGBI-SSTK-0626-102-1.9911411.102 June 5, 2026

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Investment Grade Bond II Portfolio**

**Investor Class**

**April 30, 2026**

**STATEMENT OF ADDITIONAL INFORMATION**

*The following information supplements information found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment <br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 21 | 18 | 29 |
| Number of Accounts Managed with Performance-Based Advisory Fees |  |  |  |
| Assets Managed (in millions) | $229943 | $39694 | $18502 |
| Assets Managed with Performance-Based Advisory Fees (in millions) |  |  |  |

---

\* Includes assets of VIP Investment Grade Bond II Portfolio managed by the portfolio manager ($3,496 (in millions) assets managed).

As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond II Portfolio beneficially owned by the portfolio manager was none.

VIGBV-SSTK-0626-102-1.9911413.102 June 5, 2026

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Asset Manager 50% Portfolio, Asset Manager 70% Portfolio, Government Money Market Portfolio, Investment Grade Bond Portfolio, and Strategic Income Portfolio**

**Investor Class**

**April 30, 2026**

**STATEMENT OF ADDITIONAL INFORMATION**

*The following information supplements information for VIP Investment Grade Bond Portfolio found in the "Management Contracts" section.*

The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:

---

| | | | |
|:---|:---|:---|:---|
|  | Registered Investment<br> <u>Companies</u>\* | Other Pooled<br> Investment<br> <u>Vehicles</u> | Other<br> <u>Accounts</u> |
| Number of Accounts Managed | 21 | 18 | 29 |
| Number of Accounts Managed with Performance-Based Advisory Fees |  |  |  |
| Assets Managed (in millions) | $229943 | $39694 | $18502 |
| Assets Managed with Performance-Based Advisory Fees (in millions) |  |  |  |

---

\* Includes assets of VIP Investment Grade Bond Portfolio managed by the portfolio manager ($5,004 (in millions) assets managed).

As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond Portfolio beneficially owned by the portfolio manager was none.

VINV-SSTK-0626-140-1.869875.140 June 5, 2026