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Publication Date: December 2025

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

A complete list of fund holdings, fund financial statements, and other important information, covering the fund’s fiscal year.

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

Literature Code

Format

4848-AFSOI

PDF

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Mandatory Literature

These mandatory items will be included in the shipment of this order.

Summary Prospectus - Franklin Small Cap Value VIP Fund

A short document explaining the fund's goal, investments and risks, as well as sales charges, fees and expenses.

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Franklin 529 College Savings Plan - Program Description and Participation Agreement
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