![[Grant Bowerss avatar]](https://franklintempletonprod.widen.net/content/vgrxxyenj2/webp/Bowers_Grant_500x500.png){kind=avatar}
Managed Fund Since 2014
Equity
Franklin Large Cap Growth VIP Fund
Popular Documents
Total Net Assets
$84.10M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks capital appreciation. The fund normally invests at least 80% of its net assets in equity securities of large-capitalization companies. Large-capitalization companies are those with market capitalization values within those of the top 50% of companies in the Russell 1000 Index® at the time of purchase.
Identifiers
- Ticker
- —
- Fund Number
- 721
- CUSIP Code
- 355150731
- Bloomberg Code
- FLCVIPI US
Top Sectors
As of 12/31/2025 % of Total (Updated Monthly)
Semiconductors & Semiconductor Equipment20.06% | |
Media & Entertainment14.43% | |
Software & Services13.13% | |
Technology Hardware & Equipment9.31% | |
Pharmaceuticals, Biotechnology & Life Sciences6.95% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
6 - Large Growth
- Lipper Classification
- Large-Cap Growth Funds
- 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
![[Sara Araghis avatar]](https://franklintempletonprod.widen.net/content/h8hifvshgx/webp/Araghi_Sara_500x500.png){kind=avatar}
Managed Fund Since 2016
![[Anthony J. Hardys avatar]](https://franklintempletonprod.widen.net/content/5ltqxhny5e/webp/Hardy_Anthony_500x500.png){kind=avatar}
Managed Fund Since 2024
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
- $84.10 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 63
- Benchmark
- 503
Portfolio Statistics
As of 12/31/2025 (Updated Monthly)
Price to Earnings (12-Month Forward)
- Fund
- 36.08x
- Benchmark
- 24.68x
- Fund
- 30.26x
- Benchmark
- 19.32x
- Fund
- 10.93x
- Benchmark
- 5.45x
Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 98.76% |
Cash & Cash Equivalents | 1.24% |
Holdings
As of 12/31/2025 (Updated Monthly)
NVIDIA Corp COM USD.001
Microsoft Corp COM USD0.001
Alphabet Inc COM USD.001 CL A
Broadcom Inc COM USD 1
Apple Inc COM USD.00001
Amazon.com Inc COM USD.01
Meta Platforms Inc COM USD NPV CL A
Eli Lilly & Co COM NPV
TESLA INC COM USD.001
Mastercard Inc COM USD.0001 CL A
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 94-3239303
For information on tax years prior to 2008, please contact usThese amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Franklin Large Cap Growth VIP Fund | |||
| Annual Report - Franklin Large Cap Growth VIP Fund - Class 1 | |||
| Semi-Annual Report - Franklin Large Cap Growth VIP Fund - Class 1 | |||
| Semi-Annual Financial Statements and Other Information - Franklin Large Cap Growth VIP Fund | |||
| Prospectus - Franklin Templeton Variable Insurance Products | |||
| Summary Prospectus - Franklin Large 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. Equity securities are subject to price fluctuation and 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. Large-capitalization companies may fall out of favor with investors based on market and economic conditions. 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.
Important Information
Franklin Large 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.
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.
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 Russell 1000 Growth Index measures the performance of the large-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.