Variable Insurance Products Fund V

06/05/2026 | Press release | Distributed by Public on 06/05/2026 09:46

Prospectus by Investment Company (Form 497)

Supplement to the
Fidelity® Variable Insurance Products
Asset Manager 50% Portfolio, Asset Manager 70% Portfolio, Government Money Market Portfolio, Investment Grade Bond Portfolio, and Strategic Income Portfolio
Initial Class, Service Class, and Service Class 2
April 30, 2026
STATEMENT OF ADDITIONAL INFORMATION
The following information supplements information for VIP Investment Grade Bond Portfolio found in the "Management Contracts" section.
The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:
Registered Investment
Companies*
Other Pooled
Investment
Vehicles
Other
Accounts
Number of Accounts Managed
21
18
29
Number of Accounts Managed with Performance-Based Advisory Fees
none
none
none
Assets Managed (in millions)
$229,943
$39,694
$18,502
Assets Managed with Performance-Based Advisory Fees (in millions)
none
none
none
* Includes assets of VIP Investment Grade Bond Portfolio managed by the portfolio manager ($5,004 (in millions) assets managed).
As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond Portfolio beneficially owned by the portfolio manager was none.
VINSCSC2-SSTK-0626-139-1.869876.139
June 5, 2026
Supplement to the
Fidelity® Variable Insurance Products
Investment Grade Bond II Portfolio
Initial Class
April 30, 2026
STATEMENT OF ADDITIONAL INFORMATION
The following information supplements information found in the "Management Contracts" section.
The following table provides information relating to other accounts managed by Julian Potenza as of April 30,2026:
Registered Investment
Companies*
Other Pooled
Investment
Vehicles
Other
Accounts
Number of Accounts Managed
21
18
29
Number of Accounts Managed with Performance-Based Advisory Fees
none
none
none
Assets Managed (in millions)
$229,943
$39,694
$18,502
Assets Managed with Performance-Based Advisory Fees (in millions)
none
none
none
* Includes assets of VIP Investment Grade Bond II Portfolio managed by the portfolio manager ($3,496 (in millions) assets managed).
As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond II Portfolio beneficially owned by the portfolio manager was none.
VIGBI-SSTK-0626-102-1.9911411.102
June 5, 2026
Supplement to the
Fidelity® Variable Insurance Products
Investment Grade Bond II Portfolio
Investor Class
April 30, 2026
STATEMENT OF ADDITIONAL INFORMATION
The following information supplements information found in the "Management Contracts" section.
The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:
Registered Investment
Companies*
Other Pooled
Investment
Vehicles
Other
Accounts
Number of Accounts Managed
21
18
29
Number of Accounts Managed with Performance-Based Advisory Fees
none
none
none
Assets Managed (in millions)
$229,943
$39,694
$18,502
Assets Managed with Performance-Based Advisory Fees (in millions)
none
none
none
* Includes assets of VIP Investment Grade Bond II Portfolio managed by the portfolio manager ($3,496 (in millions) assets managed).
As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond II Portfolio beneficially owned by the portfolio manager was none.
VIGBV-SSTK-0626-102-1.9911413.102
June 5, 2026
Supplement to the
Fidelity® Variable Insurance Products
Asset Manager 50% Portfolio, Asset Manager 70% Portfolio, Government Money Market Portfolio, Investment Grade Bond Portfolio, and Strategic Income Portfolio
Investor Class
April 30, 2026
STATEMENT OF ADDITIONAL INFORMATION
The following information supplements information for VIP Investment Grade Bond Portfolio found in the "Management Contracts" section.
The following table provides information relating to other accounts managed by Julian Potenza as of April 30, 2026:
Registered Investment
Companies*
Other Pooled
Investment
Vehicles
Other
Accounts
Number of Accounts Managed
21
18
29
Number of Accounts Managed with Performance-Based Advisory Fees
none
none
none
Assets Managed (in millions)
$229,943
$39,694
$18,502
Assets Managed with Performance-Based Advisory Fees (in millions)
none
none
none
* Includes assets of VIP Investment Grade Bond Portfolio managed by the portfolio manager ($5,004 (in millions) assets managed).
As of April 30, 2026, the dollar range of shares of VIP Investment Grade Bond Portfolio beneficially owned by the portfolio manager was none.
VINV-SSTK-0626-140-1.869875.140
June 5, 2026
Variable Insurance Products Fund V published this content on June 05, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT) on June 05, 2026 at 15:46 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]