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Equity

Franklin Rising Dividends VIP Fund

  • Diversification. We invest in companies across the entire market-cap spectrum, with a variety of industries and sectors. 
  • High-quality companies. A portfolio of select dividend growth companies that are financially sound, primarily US-based and generate consistent dividend increases.
  • Tenured investment team. Actively managed by a seasoned portfolio management team that leverages the research resources of Franklin Equity Group and focused on dividend growth investing.
NAV 1 $0.46(1.63%)
$28.65
As of 02/06/2026
Total Net Assets
$1.59B
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 companies of any size that have paid consistently rising dividends.

Benchmark
S&P 500 Index
Fund Inception Date
01/27/1992
Share Class Inception Date
01/06/1999

Sales Charges, Expenses & Fees

As of 05/01/2025
Gross Expense Ratio2
0.89%
Net Expense Ratio2,3
0.88%
12b-1 Fee
0.25%

Identifiers

Ticker
Fund Number
774
CUSIP Code
355150467
Bloomberg Code

Top Sectors

View portfolio section for additional info

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

Software & Services14.13%
Financial Services12.07%
Capital Goods11.98%
Semiconductors & Semiconductor Equipment11.10%
Pharmaceuticals, Biotechnology & Life Sciences9.07%

Additional Fund Info

Asset Class
Equity
Morningstar Category4
Large Blend
Lipper Classification
Large-Cap Core Funds
Investment Style
Blend

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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
[Matt Quinlans avatar]

Managed Fund Since 2019

[Amritha Kasturirangans avatar]

Managed Fund Since 2019

[Nayan M Sheths avatar]

Managed Fund Since 2019

Portfolio Manager Profile
Years of Experience
Manager Location

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Portfolio

Assets

As of12/31/2025 (Updated Monthly)

Total Net Assets
$1.59 Billion

Positions

As of 12/31/2025 (Updated Monthly)

Number of Issuers
Fund
56
Benchmark
503

Portfolio Statistics

As of 12/31/2025 (Updated Monthly)

Price to Cash Flow
Fund
21.41x
Benchmark
19.32x
Price to Earnings (12-Month Trailing)
Fund
29.53x
Benchmark
28.25x
Price to Book
Fund
5.68x
Benchmark
5.45x

Asset Allocation

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

Holdings Fund
Equity
98.00%
Cash & Cash Equivalents
2.00%

 

Bar chart with 2 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 2.0031 to 97.9969.
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Holdings

As of 12/31/2025 (Updated Monthly)

Microsoft Corp COM USD0.​001
Broadcom Inc COM USD 1
Apple Inc COM USD.​00001
Visa Inc COM USD NPV CL A
JPMorgan Chase & Co COM USD1
WALMART INC COM USD0.​1
Eli Lilly & Co COM NPV
Linde PLC ORD USD 1
Oracle Corp COM USD0.​01
Morgan Stanley COM 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. 

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Distributions & Tax

Federal ID Number 94-3230641

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 ($)

Data not currently available.
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Documents

Regulatory Documents
Name Download Add to Cart
Annual Financial Statements and Other Information - Franklin Rising Dividends VIP FundMailed hardcopies unavailable.Download Document
Annual Report - Franklin Rising Dividends VIP Fund - Class 2Download Document
Semi-Annual Report - Franklin Rising Dividends VIP Fund - Class 2Download Document
Semi-Annual Financial Statements and Other Information - Franklin Rising Dividends VIP FundMailed hardcopies unavailable.Download Document
Prospectus - Franklin Templeton Variable Insurance ProductsDownload Document
Summary Prospectus - Franklin Rising Dividends 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. The investment style may become out of favor, which may have a negative impact on performance. Dividends may fluctuate and are not guaranteed, and a company may reduce or eliminate its dividend at any time. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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 Rising Dividends 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.

You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.

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 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.

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. 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.

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