# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0001752724-23-035000
**Filing Date:** 2023-2
**Character Count:** 13526
**Document Hash:** 70065ddac9df97e72312576f28444dde
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035000.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035000

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Variable Insurance Products Fund V
- **CENTRAL INDEX KEY:** 0000823535
- **IRS NUMBER:** 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:** 23657045

**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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $202565924.38

**Total Liabilities:** $51488.06

**Net Assets:** $202514436.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123284 | 1.47%                | 3.68%                | -1.75%               |
| Class ID C000123283 | 1.47%                | 3.76%                | -1.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-213300.21              | $3716630.81                                |
| Month 2  | $-451831.89              | $8905279.34                                |
| Month 3  | $-137006.82              | $-5909023.12                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UST BILLS                              | UST BILLS 0% 02/09/2023                               | CUSIP: 912796XZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $49800.53     | 0.02%             | 2023-02-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Summer Street Trust           | FIDELITY US LOW VOLATILITY EQUITY FUND                | CUSIP: 31641Q599<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |    259644 | NS      | $2650965.83   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Puritan Trust                 | Fidelity Low-Priced Stock Fund                        | CUSIP: 316345305<br>LEI: WDA1I420M36T9HTVU696 | Long             | EC               | RF                | US        |     71786 | NS      | $3315817.19   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                              | UST BILLS 0% 02/02/2023                               | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $29904.82     | 0.01%             | 2023-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Investment Trust              | FIDELITY EMERGING MARKETS FUND                        | CUSIP: 315910869<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    234797 | NS      | $7377313.85   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust              | FIDELITY ADVISOR INTERNATIONAL VALUE FUND             | CUSIP: 315910489<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    297865 | NS      | $2505048.72   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Income Fund                   | Fidelity Total Bond Fund                              | CUSIP: 31617K881<br>LEI: D66RCKM57LC8ELZCAY58 | Long             | EC               | RF                | US        |   3898326 | NS      | $36371380.92  | 17.96%            |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES INC                            | iShares Core MSCI Emerging Markets ETF                | CUSIP: 46434G103<br>LEI: 549300X7CW3B8850WA94 | Long             | EC               | RF                | US        |     47323 | NS      | $2209984.10   | 1.09%             |  |  |  | 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        |    796714 | NS      | $8078682.95   | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust            | Fidelity U.S. Bond Index Fund                         | CUSIP: 316146356<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |   2297091 | NS      | $23384385.34  | 11.55%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust              | Fidelity Canada Fund                                  | CUSIP: 315910307<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     12063 | NS      | $702563.04    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                              | UST BILLS 0% 01/05/2023                               | CUSIP: 912796X95<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     40000 | PA      | $39991.92     | 0.02%             | 2023-01-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust           | Fidelity Cash Central Fund                            | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  15850018 | NS      | $15853187.87  | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Greenwood Street Trust        | Fidelity Hedged Equity Fund                           | CUSIP: 31624J844<br>LEI: 549300467DYGTZIRI308 | Long             | EC               | MUN               | US        |     55684 | NS      | $529557.32    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust       | FIMM MM Government Portfolio - Instl Cl               | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | EC               | RF                | US        |  33927504 | NS      | $33927503.95  | 16.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Puritan Trust                 | Fidelity Value Discovery Fund                         | CUSIP: 316345503<br>LEI: WDA1I420M36T9HTVU696 | Long             | EC               | RF                | US        |     45395 | NS      | $1595651.72   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES CORE TOTAL USD BOND MARKET ETF | iShares Core MSCI EAFE ETF                            | CUSIP: 46432F842<br>LEI: 549300G3FWQPUM47D181 | Long             | EC               | RF                | US        |     65054 | NS      | $4009928.56   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Contrafund                    | Fidelity Contrafund                                   | CUSIP: 316071109<br>LEI: S5Y3O6VQ0TG5C3WLJP73 | Long             | EC               | RF                | US        |    229630 | NS      | $2776223.36   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                              | UST BILLS 0% 02/16/2023                               | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $29850.81     | 0.01%             | 2023-02-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Commonwealth Trust II         | Fidelity Large Cap Value Enhanced Index Fund          | CUSIP: 31606X209<br>LEI: PJO8XCGPPRYUY4CZV047 | Long             | EC               | RF                | US        |    301428 | NS      | $4319465.32   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust            | Fidelity Inflation-Protected Bond Index Fund          | CUSIP: 31635T104<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |    520019 | NS      | $4690567.58   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Devonshire Trust              | FIDELITY EQUITY-INCOME FUND INC                       | CUSIP: 316138106<br>LEI: 2YVQGEKVQ2H3HLS69325 | Long             | EC               | RF                | US        |     31502 | NS      | $2007962.15   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Commonwealth Trust II         | Fidelity International Enhanced Index Fund            | CUSIP: 31606X407<br>LEI: PJO8XCGPPRYUY4CZV047 | Long             | EC               | RF                | US        |    216918 | NS      | $2030356.86   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC            | S and P500 EMINI FUT MAR23 ESH3                       | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |        -5 | NC      | $26959.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust              | Fidelity Overseas Fund                                | CUSIP: 316343102<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     70794 | NS      | $3579342.87   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust              | Fidelity Japan Smaller Companies Fund                 | CUSIP: 315910760<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    109448 | NS      | $1474270.51   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund       | VIP Stock Selector All Cap Portfolio - Investor Class | CUSIP: 922174362<br>LEI: 549300DXU3EB0NDEJ256 | Long             | EC               | RF                | US        |   4762203 | NS      | $38669084.49  | 19.09%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

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

**Signature:** Laura M. Del Prato

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

**Title:** President and Treasurer