Skip to content

Franklin Global Real Estate VIP Fund

As of 11/14/2025

NAV 1

$13.55

 
 

Overview

Fund Description

Seeks high total return. Under normal market conditions, the fund invests at least 80% of its net assets in investments of companies located anywhere in the world that operate in the real estate sector.

Fund Information
Asset Class 
Alternatives
Total Net Assets  As of 10/31/2025 (Updated Monthly)
$102.57 Million
Fund Inception Date 
01/24/1989
Share Class Inception Date 
01/24/1989
Benchmark2 
FTSE EPRA/NAREIT Developed Index
Investment Style 
Real Estate
Lipper Classification 
Global Real Estate Funds
Morningstar Category 
Global Real Estate
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio3 
1.17%
Net Expense Ratio34 
1.00%
12b-1 Fee 
0.00%
Identifiers
Ticker 
-
Fund Number 
771
CUSIP Code 
355150301
Bloomberg Code 
-

Portfolio Managers

Daniel Scher

New York, United States

Managed Fund Since 2019

Blair Schmicker, CFA®

California, United States

Managed Fund Since 2019

Portfolio

Portfolio Holdings

Holdings

As of 09/30/2025 Updated Monthly
Security Name 
Welltower Inc REIT USD1
Weight (%) 
7.37
Market Value ($) 
7,690,304
Quantity 
43,170
Security Name 
Equinix Inc REIT USD.001
Weight (%) 
5.09
Market Value ($) 
5,315,067
Quantity 
6,786
Security Name 
Prologis Inc REIT USD.01
Weight (%) 
4.42
Market Value ($) 
4,611,835
Quantity 
40,271
Security Name 
Realty Income Corp REAL ESTATE INVESTMENT TRUST USD1
Weight (%) 
4.37
Market Value ($) 
4,564,052
Quantity 
75,079
Security Name 
Digital Realty Trust Inc REIT USD1
Weight (%) 
3.73
Market Value ($) 
3,890,492
Quantity 
22,504
Security Name 
Goodman Group REIT AUD NPV
Weight (%) 
2.92
Market Value ($) 
3,050,239
Quantity 
140,752
Security Name 
Mitsui Fudosan Co Ltd ORD JPY NPV
Weight (%) 
2.86
Market Value ($) 
2,982,162
Quantity 
273,942
Security Name 
AvalonBay Communities Inc REAL ESTATE INVESTMENT TRUST USD.01
Weight (%) 
2.85
Market Value ($) 
2,972,693
Quantity 
15,389
Security Name 
Extra Space Storage Inc REIT USD.01
Weight (%) 
2.85
Market Value ($) 
2,974,116
Quantity 
21,102
Security Name 
Camden Property Trust REIT USD.01
Weight (%) 
2.39
Market Value ($) 
2,499,293
Quantity 
23,406

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  
$13.30
Long-Term Capital Gains  
Short-Term Capital Gains  
Income  
$0.2128
Total Distribution Per Share  
$0.2128

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 94-3088579
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  
0.2626
Qualified Dividends  
Capital Gain Distributions  
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  
0.2626
Qualified Dividends  
Capital Gain Distributions  
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 
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

Fiscal Q1 Holdings - Franklin Templeton Variable Insurance Products

Mailed hardcopies unavailable.

PDF Format

Summary Prospectus - Franklin Global Real Estate VIP Fund

PDF Format

Annual Financial Statements and Other Information - Franklin Global Real Estate VIP Fund

Mailed hardcopies unavailable.

PDF Format

Annual Report - Franklin Global Real Estate VIP Fund - Class 1

PDF Format

Semi-Annual Report - Franklin Global Real Estate VIP Fund - Class 1

PDF Format

Semi-Annual Financial Statements and Other Information - Franklin Global Real Estate VIP Fund

Mailed hardcopies unavailable.

Risks

What Are The Risks?

All investments involve risks, including possible loss of principal. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Real estate investment trusts (REITs) are closely linked to the performance of the real estate markets. REITs are subject to illiquidity, credit and interest rate risks, and risks associated with small- and mid-cap investments. 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.