# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000035402-26-001314
**Filing Date:** 2026-2
**Character Count:** 18240
**Document Hash:** 8ba282debdbef2a5cb9fd80d02098c04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-26-001314.hdr.sgml**: 20260224

**ACCESSION NUMBER**: 0000035402-26-001314

**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:** 26670461

**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 50% Portfolio (Series ID: S000017655)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048789 | Investor Class  |  |
| C000048790 | Service Class   |  |
| C000048791 | 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 50% Portfolio

- **b. EDGAR series identifier (if any):** S000017655

- **c. LEI of Series:** YWKT2J172NWYKHDSDL71

**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:** $3943250304.87

**Total Liabilities:** $809841.75

**Net Assets:** $3942440463.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000048791 | 1.42%                | 0.22%                | 0.52%                |
| Class ID C000048790 | 1.49%                | 0.22%                | 0.52%                |
| Class ID C000048789 | 1.49%                | 0.22%                | 0.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $78604183.61             | $-26255198.01                              |
| Month 2  | $4755678.15              | $-9570289.41                               |
| Month 3  | $2017336.11              | $-44420449.21                              |

### 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        |    219016 | NS      | $8283192.12   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Advisor Series VIII         | FIDELITY INTERNATIONAL CAPITAL APPRECIATION FUND        | CUSIP: 315920116<br>LEI: 7NCVLVDHSF9IBHF3E783 | Long             | EC               | RF                | US        |   2192231 | NS      | $78328401.76  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity International Small Cap Opportunities Fund     | CUSIP: 315910562<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   1453374 | NS      | $31698089.27  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 03/26/2026                                 | CUSIP: 912797SC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19837.81     | 0.00%             | 2026-03-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Blue Chip Growth ETF                           | CUSIP: 316092352<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    738922 | NS      | $40522482.48  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced International ETF                     | CUSIP: 31609A404<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |   1761643 | NS      | $64440900.94  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 03/12/2026                                 | CUSIP: 912797SB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $198640.56    | 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        |       526 | NC      | $674968.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Capital Trust               | FIDELITY STOCK SELECTOR SMALL CAP FUND                  | CUSIP: 315912303<br>LEI: IV6I0ESBGYIQU6DO1B35 | Long             | EC               | RF                | US        |   1977615 | NS      | $83712457.93  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/22/2026                                 | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    410000 | PA      | $409190.63    | 0.01%             | 2026-01-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Oxford Street Trust         | Fidelity Commodity Strategy Fund                        | CUSIP: 31634R307<br>LEI: Z2ZIGDKL3355UQRAKY22 | Long             | EC               | RF                | US        |    225498 | NS      | $22953391.85  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY EMERGING MARKETS FUND                          | CUSIP: 315910869<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   3905185 | NS      | $194751582.63 | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund III | FIDELITY VIP VALUE STRATEGIES PORTFOLIOInvestor         | CUSIP: 922176615<br>LEI: C88PZA3GJP7OWPNW6V03 | Long             | EC               | RF                | US        |   2812761 | NS      | $44272863.46  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Income Fund                 | Fidelity Total Bond Fund                                | CUSIP: 31617K881<br>LEI: D66RCKM57LC8ELZCAY58 | Long             | EC               | RF                | US        |  68571323 | NS      | $663084692.74 | 16.82%            |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/29/2026                                 | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $598415.53    | 0.02%             | 2026-01-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity Summer Street Trust         | Fidelity High Income Fund                               | CUSIP: 316146406<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |   7285436 | NS      | $59012029.53  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Global Commodity Stock Fund                    | CUSIP: 31618H606<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    356950 | NS      | $8038513.37   | 0.20%             |  |  |  | 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        |       342 | NC      | $-185405.04   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Summer Street Trust         | Fidelity New Markets Income Fund                        | CUSIP: 315910836<br>LEI: P1TJ3M056NR1SYX5LY49 | Long             | EC               | RF                | US        |    185595 | NS      | $2557503.96   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | FIDELITY INFRASTRUCTURE FUND                            | CUSIP: 31618H168<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    278344 | NS      | $4670604.42   | 0.12%             |  |  |  | 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        |    235942 | NS      | $2191900.99   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 02/05/2026                                 | CUSIP: 912797RL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1240000 | PA      | $1235852.72   | 0.03%             | 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        |  70233840 | NS      | $665114460.60 | 16.87%            |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/15/2026                                 | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    460000 | PA      | $459412.09    | 0.01%             | 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        |    514393 | NS      | $40215229.34  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Enhanced Large Cap Core ETF                    | CUSIP: 316092113<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |    339944 | NS      | $12975662.48  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Revere Street Trust         | Fidelity Cash Central Fund                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        | 189965312 | NS      | $190003305.51 | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Greenwood Street Trust      | Fidelity Hedged Equity Fund                             | CUSIP: 31624J844<br>LEI: 549300467DYGTZIRI308 | Long             | EC               | MUN               | US        |   3394408 | NS      | $50610621.18  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust     | FIMM MM Government Portfolio - Instl Cl                 | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | EC               | RF                | US        | 147051730 | NS      | $147051730.38 | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity International Discovery Fund                   | CUSIP: 315910208<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   1070655 | NS      | $61177214.53  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Contrafund                  | Fidelity Contrafund                                     | CUSIP: 316071109<br>LEI: S5Y3O6VQ0TG5C3WLJP73 | Long             | EC               | RF                | US        |   1494179 | NS      | $36308539.86  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Salem Street Trust          | Fidelity Inflation-Protected Bond Index Fund            | CUSIP: 31635T104<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |   8192168 | NS      | $74712575.58  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| UST BILLS                            | UST BILLS 0% 01/08/2026                                 | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $149913.17    | 0.00%             | 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        |   3057614 | NS      | $27824284.18  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust             | Fidelity Fundamental Small-Mid Cap ETF                  | CUSIP: 316092295<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |   1245995 | NS      | $38239586.55  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES US                       | MSCI EAFE FUT MAR26 MFSH6                               | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | N/A              | DE               | CORP              | US        |       281 | NC      | $408350.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Overseas Fund                                  | CUSIP: 316343102<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   3319063 | NS      | $239072138.57 | 6.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Total International Equity Fund                | CUSIP: 315910299<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |   5412536 | NS      | $80592663.07  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Investment Trust            | Fidelity Japan Smaller Companies Fund                   | CUSIP: 315910760<br>LEI: MXNTE4GH7BW81YELH558 | Long             | EC               | RF                | US        |    604813 | NS      | $10148762.51  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Variable Insurance Products Fund     | VIP Stock Selector Portfolio - Investor Class           | CUSIP: 922174362<br>LEI: 549300DXU3EB0NDEJ256 | Long             | EC               | RF                | US        |  66332105 | NS      | $953855670.25 | 24.19%            |  |  |  | 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