# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000035402-26-001323
**Filing Date:** 2026-2
**Character Count:** 17802
**Document Hash:** 1d8189f9e73eeb48dbc8cb69e55af202
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001323.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001323

**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:** 26670470

**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 85% Portfolio (Series ID: S000017657)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048795 | Investor Class  |  |
| C000048796 | Service Class   |  |
| C000048797 | 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 85% Portfolio

- **b. EDGAR series identifier (if any):** S000017657

- **c. LEI of Series:** QJRBSZCUS25EU7U25366

**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:** $1195414236.73

**Total Liabilities:** $340941.07

**Net Assets:** $1195073295.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048795 | 2.07%                | 0.00%                | 0.97%                |
| Class ID C000048796 | 2.13%                | 0.00%                | 0.96%                |
| Class ID C000048797 | 2.10%                | 0.00%                | 0.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19398022.74             | $3182152.51                                |
| Month 2  | $-17187.06               | $-5145218.18                               |
| Month 3  | $634237.01               | $-6384007.88                               |

### 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        |     61367 | NS      | $2320904.63   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Advisor Series VIII         | FIDELITY INTERNATIONAL CAPITAL APPRECIATION FUND        | CUSIP: 315920116<br>LEI: 7NCVLVDHSF9IBHF3E783 | Long             | EC               | RF                | US        |   1127331 | NS      | $40279547.48  | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity International Small Cap Opportunities Fund     | CUSIP: 315910562<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    731500 | NS      | $15954024.07  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Blue Chip Growth ETF                           | CUSIP: 316092352<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    346594 | NS      | $19007214.96  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Japan Fund                                     | CUSIP: 315910885<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     35222 | NS      | $696342.83    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced International ETF                     | CUSIP: 31609A404<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    549105 | NS      | $20086260.90  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 03/12/2026                                 | CUSIP: 912797SB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180000 | PA      | $178776.50    | 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        |       239 | NC      | $306822.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Capital Trust               | FIDELITY STOCK SELECTOR SMALL CAP FUND                  | CUSIP: 315912303<br>LEI: IV6I0ESBGYIQU6DO1B35 | Long             | EC               | RF                | US        |    999687 | NS      | $42316743.01  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Oxford Street Trust         | Fidelity Commodity Strategy Fund                        | CUSIP: 31634R307<br>LEI: Z2ZIGDKL3355UQRAKY22 | Long             | EC               | RF                | US        |     58038 | NS      | $5907653.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY EMERGING MARKETS FUND                          | CUSIP: 315910869<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   1886649 | NS      | $94087175.76  | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund III | FIDELITY VIP VALUE STRATEGIES PORTFOLIOInvestor         | CUSIP: 922176615<br>LEI: C88PZA3GJP7OWPNW6V03 | Long             | EC               | RF                | US        |   1432715 | NS      | $22550936.85  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Income Fund                 | Fidelity Total Bond Fund                                | CUSIP: 31617K881<br>LEI: D66RCKM57LC8ELZCAY58 | Long             | EC               | RF                | US        |   5426044 | NS      | $52469849.48  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Summer Street Trust         | Fidelity High Income Fund                               | CUSIP: 316146406<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |   2195383 | NS      | $17782603.09  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Global Commodity Stock Fund                    | CUSIP: 31618H606<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    145542 | NS      | $3277607.39   | 0.27%             |  |  |  | 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        |        99 | NC      | $-53669.88    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/02/2026                                 | CUSIP: 912797RA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    550000 | PA      | $550000.00    | 0.05%             | 2026-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Summer Street Trust         | Fidelity New Markets Income Fund                        | CUSIP: 315910836<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |     38908 | NS      | $536152.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY INFRASTRUCTURE FUND                            | CUSIP: 31618H168<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |     70783 | NS      | $1187739.90   | 0.10%             |  |  |  | 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        |     69521 | NS      | $645854.55    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 02/05/2026                                 | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $89698.99     | 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        |   5545843 | NS      | $52519131.47  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/15/2026                                 | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $29961.66     | 0.00%             | 2026-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Canada Fund                                    | CUSIP: 315910307<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    264975 | NS      | $20715753.55  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced Large Cap Core ETF                    | CUSIP: 316092113<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    369979 | NS      | $14122098.43  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust         | Fidelity Cash Central Fund                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   3579259 | NS      | $3579974.37   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Greenwood Street Trust      | Fidelity Hedged Equity Fund                             | CUSIP: 31624J844<br>LEI: 549300467DYGTZIRI308 | Long             | EC               | MUN               | US        |   1000804 | NS      | $14921993.95  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity International Discovery Fund                   | CUSIP: 315910208<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    551048 | NS      | $31486877.63  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Contrafund                  | Fidelity Contrafund                                     | CUSIP: 316071109<br>LEI: S5Y3O6VQ0TG5C3WLJP73 | Long             | EC               | RF                | US        |    751757 | NS      | $18267687.45  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCH INC          | S and P500 EMINI FUT MAR26 ESH6                         | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |         3 | NC      | $292.65       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust          | Fidelity Inflation-Protected Bond Index Fund            | CUSIP: 31635T104<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |   2413707 | NS      | $22013004.68  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/08/2026                                 | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $699594.79    | 0.06%             | 2026-01-08      | 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        |    876766 | NS      | $7978574.15   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Fundamental Small-Mid Cap ETF                  | CUSIP: 316092295<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    549073 | NS      | $16851050.37  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                       | MSCI EAFE FUT MAR26 MFSH6                               | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |       168 | NC      | $244138.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Overseas Fund                                  | CUSIP: 316343102<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   1731843 | NS      | $124744640.74 | 10.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Total International Equity Fund                | CUSIP: 315910299<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   2781707 | NS      | $41419618.51  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Japan Smaller Companies Fund                   | CUSIP: 315910760<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    134613 | NS      | $2258798.10   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund     | VIP Stock Selector Portfolio - Investor Class           | CUSIP: 922174362<br>LEI: 549300DXU3EB0NDEJ256 | Long             | EC               | RF                | US        |  33627467 | NS      | $483562978.47 | 40.46%            |  |  |  | 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