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Managed Fund Since 2016
Equity
Franklin Small-Mid Cap Growth VIP Fund
Popular Documents
Total Net Assets
$404.00M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks long-term capital growth by investing at least 80% of its net assets in equity securities of small and medium-sized companies, within the market capitalization ranges of the Russell 2500™ Index for small-sized companies and Russell Midcap® Index for medium-sized companies, at the time of purchase.
- Benchmark
- Russell Midcap Growth Index
- Additional Benchmark
- S&P 500 Index
- Fund Inception Date
- 11/01/1995
- Share Class Inception Date
- 11/01/1995
Identifiers
- Ticker
- —
- Fund Number
- 723
- CUSIP Code
- 355150749
- Bloomberg Code
- FSMGVIP US
Top Sectors
As of 12/31/2025 % of Total (Updated Monthly)
Capital Goods15.67% | |
Software & Services13.36% | |
Consumer Services11.85% | |
Consumer Discretionary Distribution & Retail9.36% | |
Financial Services9.34% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Mid-Cap Growth
- Lipper Classification
- N/A
- Investment Style
- Growth
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
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Managed Fund Since 2024
Latest Insights
December 18, 2025
December 17, 2025
December 16, 2025
December 15, 2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $404.00 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 78
- Benchmark
- 281
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 32.90x
- Benchmark
- 28.53x
- Fund
- 24.55x
- Benchmark
- 22.79x
- Fund
- 8.46x
- Benchmark
- 11.18x
Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 97.24% |
Cash & Cash Equivalents | 2.76% |
Holdings
As of 11/30/2025 (Updated Monthly)
ROBLOX Corp COM USD 0.0001 CL A
Royal Caribbean Cruises Ltd ORD USD.01
Howmet Aerospace Inc COM USD1
Datadog Inc COM USD 0.00001 CL A
Vertiv Holdings Co COM USD 0.0001
ARES MANAGEMENT CORP COM USD NPV CL A
Monolithic Power Systems Inc COM USD1
Cencora Inc COM USD.01
Tractor Supply Co COM USD.008
Natera Inc COM USD.0001
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 94-3230641
For information on tax years prior to 2008, please contact us2025 tax information will be available in early February
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Franklin Small-Mid Cap Growth VIP Fund | |||
| Annual Report - Franklin Small-Mid Cap Growth VIP Fund - Class 1 | |||
| Semi-Annual Report - Franklin Small-Mid Cap Growth VIP Fund - Class 1 | |||
| Semi-Annual Financial Statements and Other Information - Franklin Small-Mid Cap Growth VIP Fund | |||
| Prospectus - Franklin Templeton Variable Insurance Products | |||
| Summary Prospectus - Franklin Small-Mid Cap Growth 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. The investment style may become out of favor, which may have a negative impact on performance. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. Liquidity risk exists when securities or other investments become more difficult to sell, or are unable to be sold, at the price at which they have been valued. To the extent the fund invests in privately held companies they present certain challenges and involve incremental risks as opposed to investments in public companies, such as dealing with the lack of available information about these companies as well as their general lack of liquidity. 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 Small-Mid Cap Growth 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 Russell Midcap Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe.
Source: FTSE.
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 reserved.
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.