# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000823535-25-000390
**Filing Date:** 2025-10
**Character Count:** 5530
**Document Hash:** 382def62a9bcb5907c63abd74dfc89ab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000823535-25-000390.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0000823535-25-000390

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251031

**DATE AS OF CHANGE**: 20251031

**EFFECTIVENESS DATE**: 20251031

**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:** 251438335

**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

### 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

### 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 Investment Grade Bond II Portfolio Initial Class April 30, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Sean Corcoran (Co-Portfolio Manager) has managed the fund since 2025.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Sean Corcoran is Co-Portfolio Manager of VIP Investment Grade Bond II Portfolio, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2001, Mr. Corcoran has worked as a research analyst and portfolio manager.

VIGBI-PSTK-1125-102 1.9911410.102 November 1, 2025

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Investment Grade Bond II Portfolio**

**Investor Class**

**April 30, 2025**

**Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Sean Corcoran (Co-Portfolio Manager) has managed the fund since 2025.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Sean Corcoran is Co-Portfolio Manager of VIP Investment Grade Bond II Portfolio, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 2001, Mr. Corcoran has worked as a research analyst and portfolio manager.

VIGBV-PSTK-1125-102 1.9911412.102 November 1, 2025

**Supplement to the Fidelity® Variable Insurance Products Investment Grade Bond Portfolio Initial Class, Service Class, and Service Class 2 April 30, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Franco Castagliuolo (Co-Portfolio Manager) has managed the fund since 2025.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Franco Castagliuolo is Co-Portfolio Manager of VIP Investment Grade Bond Portfolio, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 1996, Mr. Castagliuolo has worked as a research associate and portfolio manager.

VIG-PSTK-1125-117 1.798000.117 November 1, 2025

**Supplement to the Fidelity® Variable Insurance Products Investment Grade Bond Portfolio Investor Class April 30, 2025 Prospectus**

The following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Franco Castagliuolo (Co-Portfolio Manager) has managed the fund since 2025.

The following information supplements the biographical information found in the "Fund Management" section under the "Portfolio Manager(s)" heading.

Franco Castagliuolo is Co-Portfolio Manager of VIP Investment Grade Bond Portfolio, which he has managed since 2025. He also manages other funds. Since joining Fidelity Investments in 1996, Mr. Castagliuolo has worked as a research associate and portfolio manager.

VIPIGB-INV-PSTK-1125-108 1.918639.108 November 1, 2025