Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Templeton Growth VIP 1 Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2024-05-01   Maximum Fees Administrative 0.15% Management 1.00% 12b-1 --- Actual Fees 12b-1 --- Management 0.89% Expense Ratio 0.87% (taken from annual report dated 2024-06-30) Total Annual Operating Expense 0.91%

Waiver Data Type Date % ExpenseRatio Contractual 2025-04-30 0.04

Management Inception Date: 1994-03-15

Mngr Name Peter M. Moeschter Mngr Start Date 2019-02-01 Biography Peter M. Moeschter is an executive vice president and a portfolio manager in the Templeton Global Equity Group. He is lead portfolio manager for the Templeton Growth Fund, Templeton Growth (Euro) Fund and related strategies. He has previously held responsibilities for managing retail and institutional client mandates of global and international equities. He has previously held research responsibilities, including sector coverage of Consumer Staples, Industrials and Utilities, and generalist country coverage of Canada, the U.S. and Germany. Mngr Name Christopher James Peel Mngr Start Date 2017-05-01 Biography Christopher Peel is chief executive officer of Templeton Global Advisors and a portfolio manager and research analyst for the Templeton Global Equity Group. Mr. Peel is lead portfolio manager for Templeton Foreign Fund and several other funds with similar mandates, in addition to being a manager for Templeton World Fund and Templeton Growth Fund Inc. Mngr Name Warren Pustam Mngr Start Date 2019-07-24 Biography Warren Pustam is a senior vice president, portfolio manager and research analyst for the Templeton Global Equity Group. Mr. Pustam is the lead portfolio manager for Templeton World Fund, a manager on Templeton Growth Fund Inc.,and in additionserves as backup manager for Templeton Foreign Fund, Templeton Global Trust Fund, Templeton Global Fund, and Templeton Global Leaders Fund. He has global research responsibilities for information technology hardware & equipment, software and services. Mngr Name Peter David Sartori Mngr Start Date 2024-03-31 Biography Peter Sartori is Director of Portfolio Management for the Templeton Global Equity Group. Peter overseas the groups portfolio managers as well as being lead portfolio manager on several of the group’s funds. Peter started his career at First State Investments in Melbourne Australia in 1991 and opened their Hong Kong office in 1997. From 2001 he held senior roles at Scudder Investments in Singapore and Credit Suisse Asset Management in Sydney. Investment Advisor(s) Templeton Global Advisors Limited Web Site www.franklintempleton.com Issuer Franklin Templeton Investments Subadvisor(s) Templeton Asset Management Ltd.

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