Morningstar® Investment Profile™   Morningstar®
Disclosure		   Format
for Print
Franklin Strategic Income VIP 1
Release date as of 2025-08-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Style Box Details for Bond Holdings
Average Eff Duration 3.56 Yrs
Average Eff Maturity 4.82 Yrs
Average Wtd Coupon 4.91
Average Wtd Price 94.59
As of 2025-07-31
Data as of 2025-07-31
  Asset Allocation
% of Net Assets
U.S. Stocks 0.0
Non-U.S. Stocks 0.0
Bonds 106.1
Cash -6.4
Other 0.3
Total 100.0
Asset Allocation Long/Short/Net Graph
Data through 2025-07-31
  Morningstar Fixed-Income Sectors
% Fund
Government 24.57
Corporate 45.88
Securitized 21.74
Municipal 0.00
Cash & Equivalents 2.83
Derivative 4.98
Data through 2025-07-31
  Credit Analysis
% Bonds
AAA 5.68
AA 29.96
A 10.82
BBB 20.32
BB 17.31
B 13.00
Below B 2.38
Not Rated 0.54
Data through 2025-07-31
Credit Analysis Graph
  Top 25 Holdings
Total Number of Stock Holdings 3
Total Number of Bond Holdings 654
% of Net Assets in Top 10 Holdings 26.76
Turnover % (as of 2023-12-31) 59.05
30 Day SEC Yield % ---
Top 25 Holdings
Maturity
Date 		Shares
 Value
$000 		% of Net
Assets
5 Year Treasury Note Future Sept 25 2025-09-30 --- 14,812 5.43
United States Treasury Notes 4% 2026-02-15 11,200 11,389 4.17
Federal National Mortgage Association 2% 2055-08-01 10,860 8,499 3.11
Franklin IFT Money Market --- 8,179 8,179 3.00
2 Year Treasury Note Future Sept 25 2025-09-30 --- -8,166 2.99
BNP PARIBAS SA TRS RCV MARKIT IBOXX US PAY 12/20/25 --- 5,525 -5,450 2.00
Federal Home Loan Mortgage Corp. 4.5% 2052-08-01 5,225 4,988 1.83
United States Treasury Notes 3.875% 2027-11-30 4,000 4,023 1.47
United States Treasury Notes 0.625% 2026-01-15 3,788 3,771 1.38
United States Treasury Notes 2.75% 2027-07-31 3,850 3,763 1.38
BANK OF AMERICA NA TRS PAY UNITED STATES T RCV +4.4635% 09/12/25 --- 3,500 3,495 1.28
United States Treasury Notes 3.875% 2026-01-15 3,050 3,050 1.12
United States Treasury Bonds 3% 2049-02-15 4,000 2,966 1.09
United States Treasury Notes 3.125% 2028-11-15 2,900 2,851 1.04
FRANKLIN BSP REAL ESTATE DEBT BDC CEMF USD NPV --- 98 2,684 0.98
United States Treasury Notes 4.125% 2030-08-31 2,600 2,664 0.98
Federal Home Loan Mortgage Corp. 2% 2052-03-01 3,365 2,650 0.97
Federal Home Loan Mortgage Corp. 5.5% 2052-11-01 2,471 2,478 0.91
United States Treasury Notes 2.875% 2028-05-15 2,500 2,449 0.90
Dryden 75 Clo Ltd / Dryden 75 Clo Llc 5.55771% 2034-04-15 2,400 2,412 0.88
Federal National Mortgage Association 6% 2053-08-01 2,269 2,316 0.85
Federal Home Loan Mortgage Corp. 4% 2052-06-01 2,278 2,115 0.77
Federal National Mortgage Association 5.5% 2055-08-01 2,040 2,030 0.74
Federal National Mortgage Association 6% 2055-08-01 2,000 2,028 0.74
United States Treasury Notes 3.5% 2030-01-31 1,750 1,719 0.63
Data through 2025-07-31
Show Data Definitions

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