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Franklin Small Cap Value VIP Fund

As of 11/14/2025

NAV 1

$14.11

 
 

Overview

Fund Description

The fund seeks long-term total return. The fund normally invests at least 80% of its net assets in investments of small capitalization companies.

Fund Information
Asset Class 
Equity
Total Net Assets  As of 10/31/2025 (Updated Monthly)
$1.10 Billion
Fund Inception Date 
05/01/1998
Share Class Inception Date 
05/01/1998
Benchmark 
Russell 2000 Value Index
Investment Style 
Value
Morningstar Category 
Small Value
Lipper Classification 
Small-Cap Value Funds
Portfolio Turnover 
59%
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio2 
0.66%
Net Expense Ratio23 
0.65%
12b-1 Fee 
0.00%
Identifiers
Ticker 
-
Fund Number 
775
CUSIP Code 
355150673
Bloomberg Code 
FSCVVIP US

Portfolio Managers

Steven Raineri

New Jersey, United States

Managed Fund Since 2012

Christopher Meeker, CFA®

New Jersey, United States

Managed Fund Since 2015

Nicholas Karzon, CFA®

New Jersey, United States

Managed Fund Since 2019

Portfolio

Portfolio Holdings

Holdings

As of 09/30/2025 Updated Monthly
Security Name 
ACI Worldwide Inc COM USD.005
Weight (%) 
3.35
Market Value ($) 
37,454,985
Quantity 
709,778
Security Name 
Valmont Industries Inc COM USD1
Weight (%) 
2.81
Market Value ($) 
31,434,822
Quantity 
81,074
Security Name 
QinetiQ Group PLC ORD GBP.01
Weight (%) 
2.79
Market Value ($) 
31,179,366
Quantity 
4,195,117
Security Name 
Commercial Metals Co COM USD.01
Weight (%) 
2.74
Market Value ($) 
30,719,207
Quantity 
536,299
Security Name 
Envista Holdings Corp COM USD.01
Weight (%) 
2.69
Market Value ($) 
30,140,674
Quantity 
1,479,660
Security Name 
MKS Inc COM USD NPV
Weight (%) 
2.63
Market Value ($) 
29,423,842
Quantity 
237,730
Security Name 
CNO Financial Group Inc COM USD1
Weight (%) 
2.61
Market Value ($) 
29,230,733
Quantity 
739,083
Security Name 
Vontier Corp COM USD.0001
Weight (%) 
2.48
Market Value ($) 
27,738,770
Quantity 
660,919
Security Name 
Horace Mann Educators Corp COM USD.001
Weight (%) 
2.46
Market Value ($) 
27,523,301
Quantity 
609,327
Security Name 
Gates Industrial Corp PLC ORD USD 0.01
Weight (%) 
2.42
Market Value ($) 
27,109,471
Quantity 
1,092,243

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  
$13.14
Long-Term Capital Gains  
$1.0838
Short-Term Capital Gains  
$0.1235
Income  
$0.1919
Total Distribution Per Share  
$1.3992

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 94-3297288
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  
0.2756
Qualified Dividends  
Capital Gain Distributions  
0.2109
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  
0.2756
Qualified Dividends  
Capital Gain Distributions  
0.2109
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 
76.53%
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 Small Cap Value VIP Fund

PDF Format

Annual Financial Statements and Other Information - Franklin Small Cap Value VIP Fund

Mailed hardcopies unavailable.

PDF Format

Annual Report - Franklin Small Cap Value VIP Fund - Class 1

PDF Format

Semi-Annual Financial Statements and Other Information - Franklin Small Cap Value VIP Fund

Mailed hardcopies unavailable.

PDF Format

Semi-Annual Report - Franklin Small Cap Value VIP Fund - Class 1

Risks

What Are The Key Risks?

All investments involve risks, including possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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.