0000823535-13-000012.txt : 20130123 0000823535-13-000012.hdr.sgml : 20130123 20130123115932 ACCESSION NUMBER: 0000823535-13-000012 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130123 DATE AS OF CHANGE: 20130123 EFFECTIVENESS DATE: 20130123 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Variable Insurance Products Fund V CENTRAL INDEX KEY: 0000823535 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-17704 FILM NUMBER: 13542095 BUSINESS ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-563-7000 MAIL ADDRESS: STREET 1: 82 DEVONSHIRE ST CITY: BOSTON STATE: MA ZIP: 02109 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

0000823535 S000017659 Asset Manager Portfolio

C000048799 Initial Class

C000048800 Investor Class

C000048801 Service Class

C000048802 Service Class 2

0000823535 S000017667 Asset Manager Growth Portfolio

C000048813 Investor Class

C000048814 Service Class

C000048815 Service Class 2

C000048816 Initial Class

497 1 main_497.htm

Fidelity (logo) Investments®||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

FPCMS
82 Devonshire Street
Boston MA 02109-3614
617 563 7000

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January 23, 2013

U.S. Securities & Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

Attention: File Room

Re:	Variable Insurance Products Fund V (the trust):
	Asset Manager Portfolio Asset Manager: Growth Portfolio (the funds)
	File Nos. (033-17704) and (811-05361)

__________________________________________________________________________

Ladies and Gentlemen:

Transmitted herewith for filing pursuant to Rule 497(e) under the Securities Act of 1933, as amended, are exhibits containing interactive data format risk/return summary information for supplements to the registration statement for the funds listed above. The purpose of this filing is to submit the 497 filing in XBRL for the funds.

\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|				Very truly yours,
\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|\|
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EX-101.PRE 2 vipf1-20130102_pre.xml EX-101.INS 3 vipf1-20130102.xml 0000823535 2011-04-29 2012-04-28 0000823535 vipf1:S000017659Member vipf1:InitServServTwoMember 2011-04-29 2012-04-28 0000823535 vipf1:S000017659Member vipf1:InvMember 2011-04-29 2012-04-28 0000823535 vipf1:S000017667Member vipf1:InvMember 2011-04-29 2012-04-28 0000823535 vipf1:S000017667Member vipf1:InitServServTwoMember 2011-04-29 2012-04-28 2012-04-28 Variable Insurance Products Fund V 0000823535 2013-01-02 2013-01-02 2012-12-31 false Supplement to the  Fidelity® Variable Insurance Products Initial Class, Service Class, and Service Class 2 Asset Manager Portfolio April 28, 2012  Prospectus The fund may invest in Fidelity® Commodity Strategy Central Fund (commodity central fund), which in turn invests in a wholly-owned subsidiary that invests in commodity-linked derivative instruments. Until December 31, 2012, Fidelity Management & Research Company (FMR) had contractually agreed to waive the fund's management fee in an amount equal to its proportionate share of the management fee paid to FMR by the subsidiary based on the fund's proportionate ownership of the commodity central fund. This arrangement was terminated effective December 31, 2012, when Geode Capital Management, LLC, a registered commodity pool operator, was appointed as the manager of the commodity central fund and its subsidiary. Effective December 31, 2012, Geode has contractually agreed to waive the management fee it receives with respect to the commodity central fund in an amount equal to the management fee paid to Geode by the subsidiary. This reimbursement arrangement is unrelated to the expenses of the fund to which this prospectus relates. The following information replaces the similar information found under the heading "Fee Table" in the "Fund Summary" section on page 3.Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)<table width="95%" border="" style="background-color: rgb(255, 255, 255);"><tr><td align="left" valign="bottom"> </td><td align="center" valign="bottom"><center>Initial Class</center> </td><td align="center" valign="bottom"> </td><td align="center" valign="bottom"><center>Service Class</center> </td><td align="center" valign="bottom"><center> </center></td><td align="center" valign="bottom"><center>Service Class 2</center> </td></tr><tr><td align="left" valign="bottom">Management fee</td><td align="right" valign="bottom">0.51%</td><td align="right" valign="bottom"> </td><td valign="bottom" align="right">0.51%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.51%</td></tr><tr><td align="left" valign="bottom">Distribution and/or Service (12b-1) fees</td><td valign="bottom" align="right">None</td><td valign="bottom" align="right"> </td><td valign="bottom" align="right">0.10%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.25%</td></tr><tr><td align="left" valign="bottom">Other expenses</td><td valign="bottom" align="right">0.13%</td><td valign="bottom" align="right"> </td><td valign="bottom" align="right">0.15%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.15%</td></tr><tr><td align="left" valign="bottom">Total annual operating expensesA</td><td valign="bottom" align="right">0.64%</td><td valign="bottom" align="right"> </td><td valign="bottom" align="right">0.76%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.91%</td></tr></table>A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. Supplement to the  Fidelity® Variable Insurance Products Investor Class Asset Manager Portfolio April 28, 2012  Prospectus The fund may invest in Fidelity® Commodity Strategy Central Fund (commodity central fund), which in turn invests in a wholly-owned subsidiary that invests in commodity-linked derivative instruments. Until December 31, 2012, Fidelity Management & Research Company (FMR) had contractually agreed to waive the fund's management fee in an amount equal to its proportionate share of the management fee paid to FMR by the subsidiary based on the fund's proportionate ownership of the commodity central fund. This arrangement was terminated effective December 31, 2012, when Geode Capital Management, LLC, a registered commodity pool operator, was appointed as the manager of the commodity central fund and its subsidiary. Effective December 31, 2012, Geode has contractually agreed to waive the management fee it receives with respect to the commodity central fund in an amount equal to the management fee paid to Geode by the subsidiary. This reimbursement arrangement is unrelated to the expenses of the fund to which this prospectus relates. The following information replaces the similar information found under the heading "Fee Table" in the "Fund Summary" section on page 3.Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)<table width="95%" border="" style="background-color: rgb(255, 255, 255);"><tr><td align="left" valign="bottom">Management fee</td><td align="right" valign="bottom">0.51%</td></tr><tr><td align="left" valign="bottom">Distribution and/or Service (12b-1) fees</td><td align="right" valign="bottom">None</td></tr><tr><td align="left" valign="bottom">Other expenses</td><td align="right" valign="bottom">0.21%</td></tr><tr><td align="left" valign="bottom">Total annual operating expensesA</td><td align="right" valign="bottom">0.72%</td></tr></table>A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. Supplement to the  Fidelity® Variable Insurance Products Investor Class Asset Manager: Growth Portfolio April 28, 2012  Prospectus The fund may invest in Fidelity® Commodity Strategy Central Fund (commodity central fund), which in turn invests in a wholly-owned subsidiary that invests in commodity-linked derivative instruments. Until December 31, 2012, Fidelity Management & Research Company (FMR) had contractually agreed to waive the fund's management fee in an amount equal to its proportionate share of the management fee paid to FMR by the subsidiary based on the fund's proportionate ownership of the commodity central fund. This arrangement was terminated effective December 31, 2012, when Geode Capital Management, LLC, a registered commodity pool operator, was appointed as the manager of the commodity central fund and its subsidiary. Effective December 31, 2012, Geode has contractually agreed to waive the management fee it receives with respect to the commodity central fund in an amount equal to the management fee paid to Geode by the subsidiary. This reimbursement arrangement is unrelated to the expenses of the fund to which this prospectus relates. The following information replaces the similar information found under the heading "Fee Table" in the "Fund Summary" section on page 3.Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)<table width="95%" border="" style="background-color: rgb(255, 255, 255);"><tr><td align="left" valign="bottom">Management fee</td><td align="right" valign="bottom">0.56%</td></tr><tr><td align="left" valign="bottom">Distribution and/or Service (12b-1) fees</td><td align="right" valign="bottom">None</td></tr><tr><td align="left" valign="bottom">Other expenses</td><td align="right" valign="bottom">0.25%</td></tr><tr><td align="left" valign="bottom">Acquired fund fees and expenses</td><td align="right" valign="bottom">0.01%</td></tr><tr><td align="left" valign="bottom">Total annual operating expenses A</td><td align="right" valign="bottom">0.82%</td></tr></table>A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. Supplement to the  Fidelity® Variable Insurance Products Initial Class, Service Class, and Service Class 2 Asset Manager: Growth Portfolio April 28, 2012  Prospectus The fund may invest in Fidelity® Commodity Strategy Central Fund (commodity central fund), which in turn invests in a wholly-owned subsidiary that invests in commodity-linked derivative instruments. Until December 31, 2012, Fidelity Management & Research Company (FMR) had contractually agreed to waive the fund's management fee in an amount equal to its proportionate share of the management fee paid to FMR by the subsidiary based on the fund's proportionate ownership of the commodity central fund. This arrangement was terminated effective December 31, 2012, when Geode Capital Management, LLC, a registered commodity pool operator, was appointed as the manager of the commodity central fund and its subsidiary. Effective December 31, 2012, Geode has contractually agreed to waive the management fee it receives with respect to the commodity central fund in an amount equal to the management fee paid to Geode by the subsidiary. This reimbursement arrangement is unrelated to the expenses of the fund to which this prospectus relates. The following information replaces the similar information found under the heading "Fee Table" in the "Fund Summary" section on page 3.Annual class operating expenses (expenses that you pay each year as a % of the value of your investment)<table width="95%" border="" style="background-color: rgb(255, 255, 255);"><tr><td align="left" valign="bottom"> </td><td align="center" valign="bottom"><center>Initial Class</center> </td><td align="center" valign="bottom"> </td><td align="center" valign="bottom"><center>Service Class</center> </td><td align="center" valign="bottom"><center> </center></td><td align="center" valign="bottom"><center>Service Class 2</center> </td></tr><tr><td align="left" valign="bottom">Management fee</td><td align="right" valign="bottom">0.56%</td><td align="right" valign="bottom"> </td><td valign="bottom" align="right">0.56%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.56%</td></tr><tr><td align="left" valign="bottom">Distribution and/or Service (12b-1) fees</td><td valign="bottom" align="right">None</td><td valign="bottom" align="right"> </td><td valign="bottom" align="right">0.10%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.25%</td></tr><tr><td align="left" valign="bottom">Other expenses</td><td valign="bottom" align="right">0.17%</td><td valign="bottom" align="right"> </td><td valign="bottom" align="right">0.17%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.20%</td></tr><tr><td align="left" valign="bottom">Acquired fund fees and expenses</td><td align="right" valign="bottom">0.01%</td><td align="right" valign="bottom"> </td><td valign="bottom" align="right">0.01%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">0.01%</td></tr><tr><td align="left" valign="bottom">Total annual operating expenses A</td><td valign="bottom" align="right">0.74%</td><td valign="bottom" align="right"> </td><td valign="bottom" align="right">0.84%</td><td align="center" valign="bottom"> </td><td valign="bottom" align="right">1.02%</td></tr></table>A Differs from the ratios of expenses to average net assets in the Financial Highlights section of the prospectus because of acquired fund fees and expenses. 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