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Franklin Growth and Income VIP Fund

As of 11/14/2025

NAV 1

$7.78

 
 

Overview

Fund Description

Seeks capital appreciation with current income as a secondary goal. The fund normally invests predominantly in a broadly diversified portfolio of equity securities that the fund's manager considers to be financially strong.

Fund Information
Asset Class 
Equity
Total Net Assets  As of 10/31/2025 (Updated Monthly)
$57.76 Million
Fund Inception Date 
01/24/1989
Share Class Inception Date 
01/24/1989
Benchmark 
Russell 1000 Value Index
Additional Benchmark 
S&P 500 Index
Investment Style 
Equity Income
Morningstar Category 
Large Value
Lipper Classification 
Equity Income Funds
Portfolio Turnover 
33%
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio2 
0.74%
Net Expense Ratio23 
0.59%
12b-1 Fee 
0.00%
Identifiers
Ticker 
-
Fund Number 
767
CUSIP Code 
355150103
Bloomberg Code 
FGRIVIP US

Portfolio Managers

Matt Quinlan

California, United States

Managed Fund Since 2011

Alan Muschott, CFA®

California, United States

Managed Fund Since 2005

Daniel A. Nuckles, CFA®

California, United States

Managed Fund Since 2025

Portfolio

Portfolio Holdings

Holdings

As of 09/30/2025 Updated Monthly
Security Name 
JPMorgan Chase & Co COM USD1
Weight (%) 
4.54
Market Value ($) 
2,607,975
Quantity 
8,268
Security Name 
Morgan Stanley COM USD.01
Weight (%) 
3.59
Market Value ($) 
2,065,685
Quantity 
12,995
Security Name 
Bank of America Corp COM USD.01
Weight (%) 
3.20
Market Value ($) 
1,836,914
Quantity 
35,606
Security Name 
Chevron Corp COM USD.75
Weight (%) 
3.10
Market Value ($) 
1,780,866
Quantity 
11,468
Security Name 
Johnson & Johnson COM USD1
Weight (%) 
2.63
Market Value ($) 
1,512,656
Quantity 
8,158
Security Name 
Duke Energy Corp COM USD.001
Weight (%) 
2.32
Market Value ($) 
1,334,149
Quantity 
10,781
Security Name 
WALMART INC COM USD0.1
Weight (%) 
2.29
Market Value ($) 
1,318,756
Quantity 
12,796
Security Name 
Procter & Gamble Co/The COM NPV
Weight (%) 
2.28
Market Value ($) 
1,310,327
Quantity 
8,528
Security Name 
Charles Schwab Corp/The COM USD0.01
Weight (%) 
2.04
Market Value ($) 
1,170,844
Quantity 
12,264
Security Name 
RTX Corp COM USD1
Weight (%) 
1.91
Market Value ($) 
1,098,521
Quantity 
6,565

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. 

Distributions & Tax

Distributions

Distribution Schedules

Dividend Frequency, if any  This fund is an ex-Dividend fund
Annually

Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.

Distributions Per Share

Current Year Distributions Per Share
Distribution amounts may be estimates
Record Date  
06/13/2025
Ex-Dividend Date  
06/16/2025
Reinvestment Date  
06/16/2025
Payable Date  
06/16/2025
Reinvestment Price  
$7.03
Long-Term Capital Gains  
$0.7091
Short-Term Capital Gains  
Income  
$0.184
Total Distribution Per Share  
$0.8931

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.

Tax Information

Tax Information

Federal ID Number 94-3088563
For information on tax years prior to 2008, please contact us
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 ($)
Record Date  
Jun 14
Ordinary Dividends  
0.1751
Qualified Dividends  
Capital Gain Distributions  
0.1346
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Ordinary Dividends  
0.1751
Qualified Dividends  
Capital Gain Distributions  
0.1346
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Supplemental Tax Information
Foreign Source Income 
Foreign Source Qualified Dividends 
Direct U.S. Government Obligations 
Specified Private Activity Bond Interest 
Dividends Received Deduction 
76.99%
Section 163(j) 
Indiana Resident Taxable Income 
Utah Resident Taxable Income 

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Documents

Regulatory Documents

PDF Format

Statement of Additional Information - Franklin Templeton Variable Insurance Products

Mailed hardcopies unavailable.

PDF Format

Prospectus - Franklin Templeton Variable Insurance Products

PDF Format

Fiscal Q3 Holdings - Franklin Templeton Variable Insurance Products

Mailed hardcopies unavailable.

PDF Format

Summary Prospectus - Franklin Growth and Income VIP Fund

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Franklin Templeton Variable Insurance Products

Mailed hardcopies unavailable.

PDF Format

Annual Report - Franklin Growth and Income VIP Fund - Class 1

PDF Format

Annual Financial Statements and Other Information - Franklin Growth and Income VIP Fund

Mailed hardcopies unavailable.

PDF Format

Semi-Annual Financial Statements and Other Information - Franklin Growth and Income VIP Fund

Mailed hardcopies unavailable.

PDF Format

Semi-Annual Report - Franklin Growth and Income VIP Fund - Class 1

Risks

What Are The Key Risks?

All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Investments in equity-linked notes often have risks similar to their underlying securities, which could include management risk, market risk and, as applicable, foreign securities and currency risks. Convertible securities are subject to the risks of stocks when the underlying stock price is high relative to the conversion price and debt securities when the underlying stock price is low relative to the conversion price. 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 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.