# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000823535-26-000021
**Filing Date:** 2026-2
**Character Count:** 3042
**Document Hash:** 946fb92787d9458bd3e6b60b34c9834b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000823535-26-000021.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000823535-26-000021

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**EFFECTIVENESS DATE**: 20260227

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17704
- **FILM NUMBER:** 26693210

**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

### 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 |  |

**Supplement to the Fidelity® Variable Insurance Products Strategic Income Portfolio Investor Class April 30, 2025 Summary Prospectus**

*Effective February 28, 2026, Daniel Ushakov no longer serves as Co-Portfolio Manager of the fund.*

*It is expected that Mr. O'Neil will transition off the fund effective on or about September 30, 2026. Celso Munoz will become a Co-Lead Portfolio Manager for the fund effective January 1, 2026.*

Effective January 1, 2026, the following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Celso Munoz (Co-Lead Portfolio Manager) has managed the fund since 2026.

VIPSI-INV-SUSTK-0226-103 1.9897491.103 February 27, 2026

**Supplement to the Fidelity® Variable Insurance Products Strategic Income Portfolio Initial Class, Service Class, and Service Class 2 April 30, 2025 Summary Prospectus**

*Effective February 28, 2026, Daniel Ushakov no longer serves as Co-Portfolio Manager of the fund.*

*It is expected that Mr. O'Neil will transition off the fund effective on or about September 30, 2026. Celso Munoz will become a Co-Lead Portfolio Manager for the fund effective January 1, 2026.*

Effective January 1, 2026, the following information supplements information found in the "Fund Summary" section under the "Portfolio Manager(s)" heading.

Celso Munoz (Co-Lead Portfolio Manager) has managed the fund since 2026.

VIPSI-SUSTK-0226-103 1.9897492.103 February 27, 2026