Morningstar® Investment Profile™   Morningstar®
Disclosure
  Format
for Print
Franklin Strategic Income VIP 1
Release date as of 2025-04-30. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Fees and Expenses Taken from prospectus dated 2025-05-01  
Maximum Fees
Administrative 0.15%
Management 0.63%
12b-1 ---
Actual Fees
12b-1 ---
Management 0.63%
Expense Ratio 0.80%
(taken from annual report dated 2024-06-30)
Total Annual Operating Expense 0.80%
Waiver Data
Type Date %
ManagementFee Contractual --- 0.01
  Management
Inception Date: 1999-07-01
Mngr Name Michael V. Salm
Mngr Start Date 2024-09-30
Biography
Mr. Salm is a Co-Head of Fixed Income, specializing in liquid markets and securitized strategies. In this role, he oversees investment strategies related to mortgage and securitized products, interest-rate and volatility derivatives, and money markets. In addition, he manages trading operations and Putnam's Fixed Income quantitative teams. He is a portfolio manager of core global, core plus, global government, fixed income global alpha, and dedicated mortgage strategies, as well as fixed income hedge funds. Mr. Salm joined Putnam in 1997 and has been in the investment industry since 1989. Previously at Putnam, he served as a Portfolio Manager responsible for mortgage strategies in fixed income portfolios. Prior to joining Putnam, Mr. Salm was a Mortgage Specialist at BlackRock Financal Management from 1996 to 1997, a Vice President and Trader at Nomura Securities from 1994 to 1996, a Vice President and Structurer at Nikko Securities from 1993 to 1994, and an Analyst at Fitch Investor Services from 1991 to 1992. Mr. Salm earned a B.S. from Cornell University.
Mngr Name Patrick Klein
Mngr Start Date 2022-08-01
Biography
Patrick Klein is a senior vice president and portfolio manager for Franklin Templeton Fixed Income - Multi-Sector in San Mateo, California, United States. Dr. Klein is responsible for leading a team managing multisector fixed income strategies, with a focus on portfolio construction and quantitative modeling. Dr. Klein has over 18 years of experience in the financial services industry. Prior to his current role, Dr. Klein was a research analyst for Franklin Templeton Fixed Income. He joined Franklin Templeton in 2005, specializing in mortgage-backed securities. Previously, he was a researcher at Sandia National Laboratories, developing models for the computer simulation of material behavior. Dr. Klein holds a bachelor of arts in mechanical engineering and materials science from Cornell University, and a PhD in mechanical engineering from Stanford University.
Mngr Name Sonal Desai
Mngr Start Date 2018-12-31
Biography
Sonal Desai, PhD, EVP, is Franklin Templeton Fixed Income Group’s Chief Investment Officer, a portfolio manager for several fixed income funds and a member of the firm's executive committee. Dr. Desai started her career in 1994 as a university academic, followed by six years at the International Monetary Fund after which she joined the private sector. She started working at Franklin Templeton in 2009. She holds a PhD(Econ) from Northwestern Univ. and a BA(Econ) from Delhi Univ.
Mngr Name Benjamin B. Cryer
Mngr Start Date 2022-08-01
Biography
Benjamin Cryer is a vice president and portfolio manager for Franklin Templeton Investments. In his role, Mr. Cryer collaborates with other members of the multi-sector fixed income portfolio management team to develop and implement investment strategies across funds. Mr. Cryer has honed a fundamental, value-oriented investment philosophy since joining the firm as a research analyst in 2006. Over that time, he has cultivated an expertise across a variety of sectors in both equity and corporate credit. Most recently, Mr. Cryer has focused on emerging markets credit research and portfolio management, including spending the two years through 2015 on assignment in Singapore. Mr. Cryer holds an MBA from the UCLA Anderson School, as well as a BA and MA from Baylor University. He is a Chartered Financial Analyst (CFA) charterholder.
Mngr Name Thomas Runkel
Mngr Start Date 2022-08-01
Biography
Tom Runkel is a vice president and portfolio manager for Franklin Templeton Investments. Mr. Runkel focuses on relative value security selection and allocation among the credit sectors for the multi-sector fixed income portfolios. He also serves as the director of portfolio strategies and the lead portfolio manager for the SMA Taxable Fixed Income strategies and supervises the Franklin SMA Taxable Fixed Income Portfolio Management team. Mr. Runkel joined Franklin in 1983 and served as a senior portfolio manager for Franklin's taxable money fund and investment grade fixed income assets as well as a trader for taxable fixed income and equity securities. Mr. Runkel founded Runkel Funds, Inc. in 2002 and managed a large-cap value fund until late 2005 before returning to Franklin in 2006. Mr. Runkel has an M.B.A. from the University of Santa Clara and earned a B.S. in political science from the University of California, Davis. He is a Chartered Financial Analyst (CFA) charterholder.
Mngr Name Patricia O'Connor
Mngr Start Date 2016-02-01
Biography
Patricia O'Connor, CFA, VP, is a vice president and portfolio manager for the Franklin Templeton Fixed Income Group. Prior to joining Franklin Templeton in 1997, Ms. O'Connor worked for Morgan Stanley Asset Management. She holds a B.S. (Accounting, Lehigh Univ.) and an MBA (Univ. of Chicago). Ms. O'Connor holds a B.S. in accounting from Lehigh University and an M.B.A. in finance and economics from the University of Chicago. She is a Chartered Financial Analyst (CFA) charterholder, as well as a member of the CFA Society of San Francisco and CFA Institute.
Investment Advisor(s)
Franklin Advisers, Inc.
Web Site
www.franklintempleton.com
Issuer
Franklin Templeton Investments
Subadvisor(s)
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