0000823535 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017654Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000079708Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000079709Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017655Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000018574Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017656Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017657Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017654Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000079708Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000079709Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017655Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000018574Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017656Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017657Member 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017654Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017654Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017655Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017655Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017656Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017656Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000017657Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000017657Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000018574Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000018574Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000079708Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000079708Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-InvestorComboPROMember fmr:S000079709Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 0000823535 fmr:VIPFundsManagerFunds-ServiceService2ComboPROMember fmr:S000079709Member fmr:InvestingInEtfsMember 2024-11-29 2024-11-29 iso4217:USD pure shares 497 2023-12-31 false 0000823535 N-1A Variable Insurance Products Fund V Supplement to theFidelity® Variable Insurance Products FundsManager 20% PortfolioFundsManager 30% PortfolioFundsManager 40% PortfolioFundsManager 50% PortfolioFundsManager 60% PortfolioFundsManager 70% PortfolioFundsManager 85% PortfolioService Class and Service Class 2April 29, 2024Prospectus Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Supplement to theFidelity® Variable Insurance Products FundsManager 20% PortfolioFundsManager 30% PortfolioFundsManager 40% PortfolioFundsManager 50% PortfolioFundsManager 60% PortfolioFundsManager 70% PortfolioFundsManager 85% PortfolioInvestor ClassApril 29, 2024Prospectus Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark. Normally investing in a combination of underlying Fidelity® retail and Variable Insurance Products (VIP) mutual funds and exchange-traded funds (underlying Fidelity® funds). Investing in Exchange Traded Funds (ETFs). ETFs may trade in the secondary market at prices below the value of their underlying portfolios and may not be liquid. ETFs that track an index are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark.