# EDGAR Filing Document

**Accession Number:** 0000823535
**File Stem:** 0000823535-25-000392
**Filing Date:** 2025-10
**Character Count:** 2461
**Document Hash:** 5a6703d355321fa8856305158a1c7451
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000823535-25-000392.hdr.sgml**: 20251031

**ACCESSION NUMBER**: 0000823535-25-000392

**CONFORMED SUBMISSION TYPE**: 497K

**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:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-17704
- **FILM NUMBER:** 251438347

**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 ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000048817 | Initial Class   |  |
| C000048818 | Investor Class  |  |
| C000048819 | Service Class   |  |
| C000048820 | Service Class 2 |  |

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Investment Grade Bond Portfolio**

**Initial Class, Service Class, and Service Class 2**

**April 30, 2025**

**Summary 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.

VIG-SUSTK-1125-102 1.9911405.102 November 1, 2025

**Supplement to the**

**Fidelity® Variable Insurance Products**

**Investment Grade Bond Portfolio**

**Investor Class**

**April 30, 2025**

**Summary 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.

VIPIGB-INV-SUSTK-1125-102 1.9911406.102 November 1, 2025