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Equity

Templeton Developing Markets VIP Fund

NAV 1 $0.09(0.70%)
$12.91
As of 01/09/2026
Total Net Assets
$326.08M
As of 12/31/2025 (Updated Monthly)

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Overview

Fund Facts

Fund description

The fund seeks long-term capital appreciation by investing at least 80% of its net assets in securities of "developing market countries."

Benchmark2,3
MSCI Emerging Markets Index-NR
Fund Inception Date
03/04/1996
Share Class Inception Date
03/04/1996

Sales Charges, Expenses & Fees

As of 05/01/2025
Gross Expense Ratio4
1.12%
Net Expense Ratio4,5
1.11%
12b-1 Fee
0.00%

Identifiers

Ticker
Fund Number
717
CUSIP Code
355150772
Bloomberg Code

Top Sectors

View portfolio section for additional info

As of 12/31/2025 % of Total (Updated Monthly)

Semiconductors & Semiconductor Equipment25.20%
Banks15.48%
Technology Hardware & Equipment9.40%
Consumer Discretionary Distribution & Retail7.60%
Media & Entertainment7.23%

Additional Fund Info

Asset Class
Equity
Morningstar Category6
Diversified Emerging Markets
Lipper Classification
N/A
Investment Style
Blend

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Manager and Commentary

About the Team

Templeton Global Investments

Templeton Global Investments combines extensive local presence and expertise with a flexible investment approach to give clients access to a broad set of global growth opportunities.

Templeton Global Investments
[Chetan Sehgals avatar]

Managed Fund Since 2017

[Andrew Nesss avatar]

Managed Fund Since 2020

Portfolio Manager Profile
Years of Experience
Manager Location

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Portfolio

Assets

As of12/31/2025 (Updated Monthly)

Total Net Assets
$326.08 Million

Portfolio Statistics

As of 12/31/2025 (Updated Monthly)

Price to Cash Flow
Fund
7.72x
Benchmark
9.97x
Price to Book
Fund
2.05x
Benchmark
2.17x
Price to Earnings (12-Month Trailing)
Fund
14.52x
Benchmark
16.08x

Asset Allocation

As of 12/31/2025 % of Total (Updated Monthly)

Holdings Fund
Equity
100.66%
Cash & Cash Equivalents
-0.66%

 

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The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -0.6585 to 100.6585.
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Holdings

As of 11/30/2025 (Updated Monthly)

Taiwan Semiconductor Manufacturing Co Ltd ORD TWD10
SK hynix Inc ORD KRW5000
Prosus NV ORD EUR 0.​05 CL N
Samsung Electronics Co Ltd ORD KRW 100
ICICI Bank Ltd ORD INR2 (DEMAT)
Tencent Holdings Ltd ORD HKD 0.​000020
Alibaba Group Holding Ltd ORD HKD 0.​000003125
Grupo Financiero Banorte SAB de CV ORD MXN3.​5
MediaTek Inc ORD TWD10
Hon Hai Precision Industry Co Ltd ORD TWD10

Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security. 

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Distributions & Tax

Federal ID Number 65-6196778

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 - Templeton Developing Markets VIP FundMailed hardcopies unavailable.Download Document
Annual Report - Templeton Developing Markets VIP Fund - Class 1Download Document
Semi-Annual Report - Templeton Developing Markets VIP Fund - Class 1Download Document
Semi-Annual Financial Statements and Other Information - Templeton Developing Markets VIP FundMailed hardcopies unavailable.Download Document
Prospectus - Franklin Templeton Variable Insurance ProductsDownload Document
Summary Prospectus - Templeton Developing Markets VIP FundDownload 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. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. The managers’ environmental, social and governance (ESG) strategies may limit the types and number of investments available and, as a result, may forgo favorable market opportunities or underperform strategies that are not subject to such criteria. There is no guarantee that the strategy's ESG directives will be successful or will result in better performance. These and other risks are discussed in the fund’s prospectus.

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Templeton Developing Markets 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 MSCI Emerging Markets Index is a market capitalization-weighted index that is designed to measure equity market performance in the global emerging markets.
MSCI Emerging Markets Index-NR reflects the performance of MSCI Emerging Markets Index (gross returns) from fund inception through 12/31/2000 and the MSCI Emerging Markets Index-NR thereafter
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.
Net Returns (NR) include income net of tax withholding when dividends are paid.

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. 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.

  2. Net Returns (NR) include income net of tax withholding when dividends are paid.

  3. MSCI Emerging Markets Index-NR reflects performance of the MSCI Emerging Markets Index (gross returns) from fund inception through 12/31/2000 and the MSCI Emerging Markets Index-NR thereafter.

  4. 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.

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

  6. ©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.

  7. Capitalization Rate is calculated without the deduction of fees and expenses.