Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Franklin Strategic Income VIP 1
Release date as of 2025-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Bond Holdings
Average Eff Duration 3.71 Yrs
Average Eff Maturity 4.87 Yrs
Average Wtd Coupon 4.83
Average Wtd Price 94.77
As of 2025-05-31
Data as of 2025-05-31
  Asset Allocation
% of Net Assets
U.S. Stocks 0.0
Non-U.S. Stocks 0.0
Bonds 99.4
Cash -0.5
Other 1.1
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2025-05-31
  Morningstar Fixed-Income Sectors
% Fund
Government 19.03
Corporate 54.80
Securitized 20.00
Municipal 0.00
Cash & Equivalents 5.63
Derivative 0.54
Data through 2025-05-31
  Credit Analysis
% Bonds
AAA 4.23
AA 30.83
A 11.06
BBB 20.38
BB 17.59
B 12.31
Below B 1.98
Not Rated 1.63
Data through 2025-05-31
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 4
Total Number of Bond Holdings 621
% of Net Assets in Top 10 Holdings 22.05
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 --- 13,887 13,887 5.23
United States Treasury Notes 4% 2026-02-15 11,200 11,180 4.21
Federal National Mortgage Association 2% 2055-06-01 10,860 8,441 3.18
Federal Home Loan Mortgage Corp. 4.5% 2052-08-01 5,318 5,029 1.89
United States Treasury Notes 3.875% 2027-11-30 4,000 4,000 1.51
United States Treasury Notes 2.75% 2027-07-31 3,850 3,760 1.41
United States Treasury Notes 0.625% 2026-01-15 3,768 3,752 1.41
United States Treasury Notes 3.875% 2026-01-15 3,050 3,044 1.15
United States Treasury Notes 3.125% 2028-11-15 2,900 2,829 1.06
Federal Home Loan Mortgage Corp. 2% 2052-03-01 3,406 2,656 1.00
Franklin Bsp Real Estate Debt Bdc Cemf Usd Npv --- 98 2,652 1.00
United States Treasury Notes 4.125% 2030-08-31 2,600 2,615 0.98
Federal Home Loan Mortgage Corp. 5.5% 2052-11-01 2,516 2,500 0.94
United States Treasury Notes 2.875% 2028-05-15 2,500 2,432 0.91
Dryden 75 Clo Ltd / Dryden 75 Clo Llc 5.55771% 2034-04-15 2,400 2,404 0.90
Federal National Mortgage Association 6% 2053-08-01 2,326 2,354 0.89
Federal Home Loan Mortgage Corp. 4% 2052-06-01 2,318 2,130 0.80
Federal National Mortgage Association 6% 2055-06-01 2,000 2,020 0.76
Federal National Mortgage Association 5.5% 2055-06-01 2,040 2,020 0.76
United States Treasury Notes 3.5% 2030-01-31 1,750 1,716 0.65
Citigroup Inc. 5.61% 2026-09-29 1,600 1,604 0.60
Sabine Pass Liquefaction, LLC 4.5% 2030-05-15 1,600 1,577 0.59
Government National Mortgage Association 5.5% 2055-06-01 1,550 1,539 0.58
Government National Mortgage Association 6% 2055-06-01 1,520 1,535 0.58
United States Treasury Notes 2.25% 2027-02-15 1,400 1,361 0.51
Data through 2025-05-31
Show Data Definitions

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