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Managed Fund Since 2012
Equity
Franklin Small Cap Value VIP Fund
Popular Documents
Total Net Assets
$1.21B
As of 01/31/2026 (Updated Monthly)
Overview
Fund Facts
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.
- Benchmark
- Russell 2000 Value Index
- Fund Inception Date
- 05/01/1998
- Share Class Inception Date
- 01/06/1999
Identifiers
- Ticker
- —
- Fund Number
- 776
- CUSIP Code
- 355150590
- Bloomberg Code
- —
Top Sectors
As of 01/31/2026 % of Total (Updated Monthly)
Capital Goods19.08% | |
Banks18.13% | |
Materials9.89% | |
Consumer Durables & Apparel6.56% | |
Semiconductors & Semiconductor Equipment5.92% |
Additional Fund Info
- Asset Class
- Equity
- Morningstar Category
4 - Small Value
- Lipper Classification
- Small-Cap Value Funds
- Investment Style
- Value
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
![[Christopher Meekers avatar]](https://franklintempletonprod.widen.net/content/9lz0fi5gsz/webp/Meeker_Chris_500x500.png){kind=avatar}
Managed Fund Since 2015
![[Nicholas Karzons avatar]](https://franklintempletonprod.widen.net/content/blnmjbb7jh/webp/Karzon_Nicholas_500x500.png){kind=avatar}
Managed Fund Since 2019
Latest Insights
February 9, 2026
February 5, 2026
January 27, 2026
December 18, 2025
Portfolio
Assets
As of01/31/2026 (Updated Monthly)
- Total Net Assets
- $1.21 Billion
Positions
As of 01/31/2026 (Updated Monthly)
Number of Issuers
- Fund
- 84
- Benchmark
- 1,416
Portfolio Statistics
As of 01/31/2026 (Updated Monthly)
Price to Cash Flow
- Fund
- 10.16x
- Benchmark
- 7.81x
- Fund
- 18.76x
- Benchmark
- 15.17x
- Fund
- 1.81x
- Benchmark
- 1.49x
Sector Allocation
As of 01/31/2026 % of Total (Updated Monthly)
| Sector | % of Total | Benchmark |
|---|---|---|
Capital Goods | 19.08% | 9.10% |
Banks | 18.13% | 18.05% |
Materials | 9.89% | 5.57% |
Consumer Durables & Apparel | 6.56% | 3.42% |
Semiconductors & Semiconductor Equipment | 5.92% | 1.80% |
Technology Hardware & Equipment | 5.47% | 3.65% |
Insurance | 5.38% | 1.93% |
Energy | 5.12% | 7.83% |
Consumer Services | 3.09% | 1.52% |
Consumer Discretionary Distribution & Retail | 2.89% | 2.98% |
Software & Services | 2.84% | 2.72% |
Commercial & Professional Services | 2.81% | 2.28% |
Health Care Equipment & Services | 2.54% | 2.59% |
Financial Services | 2.33% | 5.96% |
Equity Real Estate Investment Trusts (REITs) | 1.86% | 8.16% |
Pharmaceuticals, Biotechnology & Life Sciences | 1.51% | 7.72% |
Utilities | 0.96% | 5.72% |
Transportation | 0.67% | 1.74% |
Media & Entertainment | — | 2.40% |
Automobiles & Components | — | 1.73% |
Real Estate Management & Development | — | 0.84% |
Food, Beverage & Tobacco | — | 0.67% |
Telecommunication Services | — | 0.65% |
Consumer Staples Distribution & Retail | — | 0.52% |
Household & Personal Products | — | 0.45% |
Cash & Cash Equivalents | 2.96% | — |
Holdings
As of 12/31/2025 (Updated Monthly)
ACI Worldwide Inc COM USD.005
CNO Financial Group Inc COM USD1
MKS Inc COM USD NPV
Vontier Corp COM USD.0001
Columbia Banking System Inc COM USD1
Envista Holdings Corp COM USD.01
SouthState Bank Corp COM USD2.5
Gap Inc/The COM USD.05
Regal Rexnord Corp COM USD.01
Avient Corp COM NPV
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 94-3297288
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 Small Cap Value VIP Fund | |||
| Annual Report - Franklin Small Cap Value VIP Fund - Class 2 | |||
| Semi-Annual Report - Franklin Small Cap Value VIP Fund - Class 2 | |||
| Semi-Annual Financial Statements and Other Information - Franklin Small Cap Value VIP Fund | |||
| Prospectus - Franklin Templeton Variable Insurance Products | |||
| Summary Prospectus - Franklin Small Cap Value 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. 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.
Important Information
Franklin Small Cap Value 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 Russell 2000 Value Index measures the performance of the small-cap value segment of the U.S. equity universe.
Source: FTSE.
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.