Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
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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
  Style Box Details for Bond Holdings
Average Eff Duration 3.46 Yrs
Average Eff Maturity 4.88 Yrs
Average Wtd Coupon 4.89
Average Wtd Price 95.33
As of 2025-03-31
Data as of 2025-03-31
  Asset Allocation
% of Net Assets
U.S. Stocks 0.0
Non-U.S. Stocks 0.0
Bonds 101.4
Cash -0.3
Other -1.1
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2025-03-31
  Morningstar Fixed-Income Sectors
% Fund
Government 16.73
Corporate 55.99
Securitized 16.83
Municipal 0.00
Cash & Equivalents 5.76
Derivative 4.69
Data through 2025-03-31
  Credit Analysis
% Bonds
AAA 4.14
AA 30.29
A 9.75
BBB 20.91
BB 18.27
B 12.64
Below B 2.09
Not Rated 1.89
Data through 2025-03-31
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 3
Total Number of Bond Holdings 641
% of Net Assets in Top 10 Holdings 24.06
Turnover % (as of 2023-12-31) 59.05
30 Day SEC Yield % ---
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
Franklin IFT Money Market --- 15,835 15,835 5.73
United States Treasury Notes 4% 2026-02-15 11,200 11,244 4.07
Federal National Mortgage Association 2% 2055-04-01 10,860 8,633 3.13
BNP PARIBAS SA TRS RCV MARKIT IBOXX US PAY SOFRRATE 06/20/25 --- 5,525 -5,544 2.01
Federal Home Loan Mortgage Corp. 4.5% 2052-08-01 5,392 5,182 1.88
Ultra 10 Year US Treasury Note Future June 25 2025-06-18 --- -4,485 1.62
United States Treasury Notes 3.875% 2027-11-30 4,000 4,051 1.47
US Treasury Bond Future June 25 2025-06-18 --- -3,922 1.42
United States Treasury Notes 2.75% 2027-07-31 3,850 3,770 1.37
United States Treasury Notes 0.625% 2026-01-15 3,743 3,745 1.36
10 Year Treasury Note Future June 25 2025-06-18 --- 3,736 1.35
United States Treasury Notes 3.875% 2026-01-15 3,050 3,070 1.11
United States Treasury Notes 3.125% 2028-11-15 2,900 2,858 1.03
Federal Home Loan Mortgage Corp. 2% 2052-03-01 3,444 2,748 1.00
United States Treasury Notes 4.125% 2030-08-31 2,600 2,626 0.95
Federal Home Loan Mortgage Corp. 5.5% 2052-11-01 2,569 2,586 0.94
United States Treasury Notes 2.875% 2028-05-15 2,500 2,453 0.89
Federal National Mortgage Association 6% 2053-08-01 2,387 2,442 0.88
FRANKLIN BSP REAL ESTATE DEBT BDC CEMF USD NPV --- 87 2,438 0.88
Dryden 75 Clo Ltd / Dryden 75 Clo Llc 5.60359% 2034-04-15 2,400 2,427 0.88
5 Year Treasury Note Future June 25 2025-06-30 --- 2,210 0.80
Federal Home Loan Mortgage Corp. 4% 2052-06-01 2,351 2,203 0.80
Federal National Mortgage Association 5.5% 2055-04-01 2,040 2,038 0.74
Federal National Mortgage Association 6% 2055-04-01 2,000 2,032 0.74
United States Treasury Notes 3.5% 2030-01-31 1,750 1,726 0.62
Data through 2025-03-31
Show Data Definitions

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