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Managed Fund Since 2019
Alternatives
Franklin Global Real Estate VIP Fund
Popular Documents
Total Net Assets
$102.21M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
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.
- Benchmark
- FTSE EPRA/NAREIT Developed Index
- Fund Inception Date
- 01/24/1989
- Share Class Inception Date
- 01/24/1989
Identifiers
- Ticker
- —
- Fund Number
- 771
- CUSIP Code
- 355150301
- Bloomberg Code
- —
Top Sectors
As of 12/31/2025 % of Total (Updated Monthly)
Industrial Property14.75% | |
Diversified14.65% | |
Health Care Property14.41% | |
Residential14.07% | |
Data Centers8.31% |
Additional Fund Info
- Asset Class
- Alternatives
- Morningstar Category
4 - Global Real Estate
- Lipper Classification
- Global Real Estate Funds
- Investment Style
- Real Estate
Manager and Commentary
About the Team
Franklin Equity
Franklin Equity understands innovation from every angle—our decades of experience investing in complex change fuels a differentiated perspective on how public and private companies accelerate growth and unlock value. Leveraging fundamental depth and quantitative precision, we identify catalysts for transformation that reshape companies and industries. Our expertise, spanning from growth to value, brings together diverse perspectives that help us spot opportunities ahead of the market.
Franklin Equity
![[Blair Schmickers avatar]](https://franklintempletonprod.widen.net/content/bxfz5poyks/webp/Schmicker_Blair_500x500.png){kind=avatar}
Managed Fund Since 2019
Latest Insights
February 5, 2026
January 27, 2026
December 18, 2025
December 17, 2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $102.21 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 67
- Benchmark
- 358
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Price to Book
- Fund
- 1.47x
- Benchmark
- 1.49x
- Fund
- 23.55x
- Benchmark
- 23.53x
- Fund
- 16.40x
- Benchmark
- 15.86x
Sector Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Industrial Property | 14.75% | 15.08% |
Information Technology | — | 0.30% |
Health Care | — | 0.24% |
Consumer Discretionary | — | 0.03% |
Data Centers | 8.31% | 7.54% |
Triple Net | 6.86% | 8.25% |
Retail Property | 5.67% | 4.94% |
Office Space | 4.45% | 5.53% |
Storage Property | 4.11% | 4.89% |
Shopping Centers | 3.87% | 3.48% |
Regional Malls | 2.71% | 3.86% |
Hotel/Resort/Entertainment Property | 2.08% | 1.99% |
Specialty | 1.59% | 2.01% |
Manufactured Homes | 1.29% | 1.59% |
Cash & Cash Equivalents | 1.18% | — |
Holdings
As of 12/31/2025 (Updated Monthly)
Welltower Inc REIT USD1
Prologis Inc REIT USD.01
Equinix Inc REIT USD.001
Realty Income Corp REAL ESTATE INVESTMENT TRUST USD1
Digital Realty Trust Inc REIT USD1
AvalonBay Communities Inc REAL ESTATE INVESTMENT TRUST USD.01
Mitsui Fudosan Co Ltd ORD JPY NPV
Goodman Group REIT AUD NPV
Ventas Inc REIT USD.25
Camden Property Trust REIT USD.01
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
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
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
06/13/2025
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.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Franklin Global Real Estate VIP Fund | |||
| Annual Report - Franklin Global Real Estate VIP Fund - Class 1 | |||
| Semi-Annual Report - Franklin Global Real Estate VIP Fund - Class 1 | |||
| Semi-Annual Financial Statements and Other Information - Franklin Global Real Estate VIP Fund | |||
| Prospectus - Franklin Templeton Variable Insurance Products | |||
| Summary Prospectus - Franklin Global Real Estate VIP Fund | |||
| Statement of Additional Information - Franklin Templeton Variable Insurance Products | |||
| Fiscal Q1 Holdings - Franklin Templeton Variable Insurance Products | |||
| Fiscal Q3 Holdings - Franklin Templeton Variable Insurance Products |
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.
Important Information
Franklin Global Real Estate 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, SIPC. All 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 FTSE EPRA Nareit Developed Index is designed to track the performance of developed market listed real estate companies and REITs.
Source: FTSE. "FTSE®" is a trademark of the London Stock Exchange Group companies, "NAREIT®" is a trademark of the National Association of Real Estate Investment Trusts ("NAREIT”) and "EPRA®" is a trademark of the European Public Real Estate Association ("EPRA”), and all are used by FTSE International Limited ("FTSE”) under license.
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.