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Multi-Asset

Franklin VolSmart Allocation VIP Fund

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Fund liquidated

This fund was liquidated at the close of market on October 17, 2025.

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Overview

Fund Facts

Fund description

The fund seeks total return (including income and capital gains) while seeking to manage volatility. The fund is primarily invested in a “core portfolio,” which includes a diversified set of predominately US equity and fixed income strategies. In seeking to manage the fund's volatility, the investment manager seeks to minimize potential dramatic and rapid price swings which could be experienced by the “core portfolio,” so that fund volatility does not exceed its target of 10% per year.

Benchmark1
S&P 500 Index
Additional Benchmark
Bloomberg US Aggregate Index
Additional Benchmark
Blended Benchmark
Fund Inception Date
N/A
Share Class Inception Date
N/A

Sales Charges, Expenses & Fees

Gross Expense Ratio2
N/A
Net Expense Ratio2,3
N/A
12b-1 Fee
N/A

Identifiers

Ticker
N/A
Fund Number
N/A
CUSIP Code
N/A
Bloomberg Code
N/A

Additional Fund Info

Asset Class
N/A
Morningstar Category4
Moderate Allocation
Lipper Classification
N/A
Investment Style
N/A

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Manager and Commentary

About the Team

Franklin Templeton Investment Solutions

Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.

Franklin Templeton Investment Solutions
Portfolio Manager Profile
Years of Experience
Manager Location

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Distributions & Tax

Federal ID Number 46-1730982

For information on tax years prior to 2008, please contact us

2025 tax information will be available in early February

These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.

Distributions per Share ($)

Data not currently available.
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Documents

Regulatory Documents
Name Download Add to Cart
Annual Financial Statements and Other Information - Franklin VolSmart Allocation VIP FundMailed hardcopies unavailable.Download Document
Annual Report - Franklin VolSmart Allocation VIP Fund - Class 5Mailed hardcopies unavailable.Download Document
Semi-Annual Report - Franklin VolSmart Allocation VIP Fund - Class 5Mailed hardcopies unavailable.Download Document
Semi-Annual Financial Statements and Other Information - Franklin VolSmart Allocation VIP FundMailed hardcopies unavailable.Download Document
Prospectus - Franklin Templeton Variable Insurance ProductsDownload Document
Summary Prospectus - Franklin Managed Volatility Global Allocation Fund VIPMailed hardcopies unavailable.Download Document
Statement of Additional Information - Franklin Templeton Variable Insurance ProductsMailed hardcopies unavailable.Download Document
Fiscal Q1 Holdings - Franklin Templeton Variable Insurance ProductsMailed hardcopies unavailable.Download Document
Fiscal Q3 Holdings - Franklin Templeton Variable Insurance ProductsMailed hardcopies unavailable.Download Document

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Risks

All investments involve risks, including possible loss of principal. There can be no guarantee that the fund will stay within its target volatility. There can be no guarantee that the fund's volatility strategy will be successful, and achieving the fund's volatility strategy does not mean the fund will achieve a positive or competitive return. The volatility strategy can also be expected to limit the fund’s participation in market price appreciation when compared to similar funds that do not attempt this strategy. Equity securities are subject to price fluctuation and possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. Investments in underlying funds are subject to the same risks as, and indirectly bear the fees and expenses of, the underlying funds. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.

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Franklin VolSmart 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.

Franklin Distributors, LLC. Member FINRA, SIPCAll entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.

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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 reserve
d.

A target volatility is not total return performance — the investment manager does not expect, nor does it represent, that the strategy's total return performance would be any specific level or within any specified range or provide competitive returns. It is possible that the strategy could meet a target volatility level while having negative performance returns.

The actual volatility that the strategy experiences may be significantly higher or lower than that sought by the investment manager at any time and for any period of time. The use of derivative instruments in an effort to adjust exposures may at times increase volatility, for reasons including the economic leveraging effect of those instruments. In addition, the managed volatility strategy could limit the fund's performance in rising markets and may expose the fund to costs to which it would otherwise not have been exposed.

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

  1. Blended Benchmark is calculated internally and is comprised of: 60% S&P 500 Index; 30% Bloomberg U.S. Aggregate Index; and 10% Bloomberg 1-3 Month U.S. Treasury Bill Index.

  2. 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.

  3. Net Expense Ratio represents the expense ratio applicable to investors. 

  4. ©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.