Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Templeton Global Bond VIP 2 Release date as of 2024-03-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2023-08-16   Maximum Fees Administrative 0.15% Management 0.63% 12b-1 --- Actual Fees 12b-1 0.25% Management 0.46% Expense Ratio 0.74% (taken from annual report dated 2023-06-30) Total Annual Operating Expense 0.79%

Waiver Data Type Date % ManagementFee Contractual --- 0.02

Management Inception Date: 1999-01-06

Mngr Name Calvin Ho Mngr Start Date 2018-12-31 Biography Calvin Ho, Ph.D., is a senior vice president and director of research for Templeton Global Macro. Dr. Ho also serves as a portfolio manager for a number of funds, including Templeton Global Bond Fund, Templeton Global Total Return Fund and Templeton Emerging Market Bond Fund. Dr. Ho joined Franklin Templeton Investments in 2005 after obtaining his Ph.D. at UC Berkeley. He has been a core part of the Templeton Global Macro team since 2005, working closely with Dr. Michael Hasenstab as a lead research analyst. Dr. Ho holds both B.A. and Ph.D. in economics from University of California, Berkeley. Mngr Name Michael J. Hasenstab Mngr Start Date 2001-12-31 Biography Michael Hasenstab, Ph.D., has been a lead portfolio manager of Franklin Templeton which he first joined in 1995, rejoining again in 2001 after a three-year leave to obtain his Ph.D.. He was EVP and CIO for Templeton Global Macro, responsible for global macroeconomic and country-specific analysis, and interest rate, currency and sovereign credit market outlooks. He is an economic advisor to the CEO of Franklin Resources, Inc., providing perspective and insight through the lens of Templeton Global Macro.Dr. Hasenstab holds a Ph.D. in economics at Australian National University. Investment Advisor(s) Franklin Advisers, Inc. Web Site www.franklintempleton.com Issuer Franklin Templeton Investments Subadvisor(s) ---

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