NAV 1
$5.53
Overall Morningstar Rating
Rating Category: Moderate Allocation
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.
Morningstar Style Box
Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.
Historical Morningstar Ratings
| Years | 3 |
| Ratings | |
| Number of Funds In Category | 274 |
| Years | 5 |
| Ratings | |
| Number of Funds In Category | 264 |
| Years | 10 |
| Ratings | |
| Number of Funds In Category | 210 |
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Overview
Portfolio Managers
Portfolio
Portfolio Allocations
- Assets
- Geography
- Market Capitalization
- Credit Quality
Assets
Geography
Market Capitalization
Credit Quality
Portfolio Holdings
Distributions & Tax
- Distributions
- Tax Information
Distributions
Tax Information
Documents
Regulatory Documents
Statement of Additional Information - Franklin Templeton Variable Insurance Products
Mailed hardcopies unavailable.
Prospectus - Franklin Templeton Variable Insurance Products
Fiscal Q3 Holdings - Franklin Templeton Variable Insurance Products
Mailed hardcopies unavailable.
Fiscal Q1 Holdings - Franklin Templeton Variable Insurance Products
Mailed hardcopies unavailable.
Summary Prospectus - Franklin Founding Funds Allocation VIP Fund
Annual Financial Statements and Other Information - Franklin Allocation VIP Fund
Mailed hardcopies unavailable.
Annual Report - Franklin Allocation VIP Fund - Class 1
Semi-Annual Financial Statements and Other Information - Franklin Allocation VIP Fund
Mailed hardcopies unavailable.
Semi-Annual Report - Franklin Allocation VIP Fund - Class 1
Risks
Important Information
Franklin Allocation VIP Fund is a series of Franklin Templeton Variable Insurance Products Trust, shares of which are generally sold only to insurance company separate accounts to serve as investment options for variable insurance products.
Past performance is no guarantee of future results. These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.
VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The Bloomberg US Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization.
Source: © S&P Dow Jones Indices LLC. All rights reserved.
The S&P 500 Index includes 500 leading U.S. publicly traded companies. The MSCI World ex USA Index captures large- and mid-cap representation across developed market countries, excluding the U.S.
Source: © S&P Dow Jones Indices LLC. All rights reserved. MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
The S&P 500 Index features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization. The MSCI World ex U.S. Index captures large- and mid-cap representation across developed market countries, excluding the U.S. The Bloomberg U.S. Aggregate Bond Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
The Linked Allocation VIP Fund Benchmark consists of 40% S&P 500 Index + 20% MSCI World ex U.S. Index + 40% Bloomberg US Aggregate Index. Prior to 5/1/2019, the benchmark consisted of 50% S&P 500 Index + 33.33% MSCI EAFE Index + 16.67% Bloomberg US Aggregate Index.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices.
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. The fund may charge a 2% fee on redemptions within seven days.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) 530-2432 for more information.
Footnotes
Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
The Linked Allocation VIP Fund Benchmark consists of 40% S&P 500 Index + 20% MSCI World ex US Index + 40% Bloomberg US Aggregate Index. Prior to 5/1/2019, the benchmark consisted of 50% S&P 500 Index + 33.33% MSCI EAFE Index + 16.67% Bloomberg US Aggregate Index. Any historical benchmark performance or characteristics data shown reflects this change as of the date mentioned.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.