Variable Insurance Products Fund V has filed a new summary prospectus detailing updates to its investment strategies and fee structure. This filing is crucial for the company as it aims to provide clearer information to investors about the fund's objectives and associated costs.

Founded in Massachusetts, Variable Insurance Products Fund V operates in the investment sector, focusing on variable insurance products. The fund's recent filings, including multiple 497K forms, highlight its commitment to transparency and investor education. The most recent filing was made on October 30, 2026, under accession number 0000823535-26-000426.

The filing outlines the fund's investment objective, which seeks high total return with a secondary goal of principal preservation as it approaches its target date. The fund primarily invests in a mix of Fidelity U.S. equity funds, international equity funds, bond funds, and short-term funds. Additionally, the prospectus includes a detailed fee table, indicating total annual operating expenses of 0.48%, which can be reduced to 0.44% after fee waivers.

This update may affect current and prospective investors by providing clearer insights into the costs associated with investing in the fund. The detailed fee structure and investment strategies are designed to help investors make informed decisions, particularly those nearing retirement.

What's next for Variable Insurance Products Fund V is not specified in the filing. However, the fund's ongoing adjustments to its investment strategies and fee structures suggest a proactive approach to meet the evolving needs of its investors.