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Franklin Small Mid Cap Growth VIP 2
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of ---
Out of 532
Mid-Cap Growth Funds
Morningstar®
Style Box™
What is this?
As of 2022-05-31
Total Fund Assets ($ Mil)
398.66
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks long-term capital growth.
The fund invests at least 80% of its net assets in investments of small-capitalization (small-cap) and mid-capitalization (mid-cap) companies. It invests predominantly in equity securities, predominantly in common stock. The fund, from time to time, may have significant positions in particular sectors.
  Morningstar Category: Mid-Cap Growth
Some mid-cap growth portfolios invest in stocks of all sizes, thus leading to a mid-cap profile, but others focus on midsize companies. Mid-cap growth portfolios target U.S. firms that are projected to grow faster than other mid-cap stocks, therefore commanding relatively higher prices. Stocks in the middle 20% of the capitalization of the U.S. equity market are defined as mid-cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). 
  Investment Risks
Mid Cap Funds: The securities of companies with market capitalizations below $10 billion may be more volatile and less liquid than the securities of larger companies.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 90.9
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.1
Bullet Bonds Bonds 0.0
Bullet Cash Cash 6.2
Bullet Other Other 1.8
Asset Allocation Rescaled Graph
Data through 2022-05-31
Morningstar Equity Sectors
% of Stocks
Cyclical 29.27
Basic Materials 1.35
Consumer Cyclical 17.21
Financial Services 5.67
Real Estate 5.04
Sensitive 51.30
Communication Services 1.91
Energy 0.79
Industrials 16.07
Technology 32.53
Defensive 19.43
Consumer Defensive 1.50
Healthcare 17.93
Utilities 0.00
Data through 2022-05-31
Holding Status
Total Number of Stock Holdings 102
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 23.62
Turnover % (as of 2021-12-31) 43.35
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Franklin IFT Money Market --- --- 6.18
Synopsys Inc 49.72 2.79
Chipotle Mexican Grill Inc 58.34 2.09
Palo Alto Networks Inc --- 2.04
CoStar Group Inc 78.13 1.89
Fastenal Co 31.51 1.83
IDEXX Laboratories Inc 45.96 1.83
MSCI Inc 48.50 1.69
Lululemon Athletica Inc 39.08 1.67
Old Dominion Freight Line Inc Ordinary Shares 26.38 1.61
Data through 2022-05-31
  Principal Risks   
Loss of Money, Not FDIC Insured, Growth Investing, Active Management, Market/Market Volatility, Industry and Sector Investing, Other, Restricted/Illiquid Securities, Small Cap, Mid-Cap
Show Risk Definitions
  Other Information
Inception Date: 1999-01-06
Portfolio Manager(s)
Michael McCarthy   (1995-11-01)
Michael A. McCarthy is the Director of Research and a Chartered Financial Analyst. From 1985 until forming the Company in August 1990, he was a portfolio manager at Heilweil, Hollander & Jacobs in Atlanta. In 1987, he was appointed head portfolio manager at Heilweil, Hollander & Jacobs. Michael McCarthy has a BS in Chemical Engineering from the New Jersey Institute of Technology and a MS in Management from the Georgia Institute of Technology.
John P. Scandalios   (2016-09-01)
John P. Scandalios is a vice president, research analyst and portfolio manager with Franklin Equity Group. He is the co-manager of the Franklin Technology Fund, Franklin Small-Mid Cap Growth Fund and is a member of the Technology/Communications Research Team. Mr. Scandalios specializes in research analysis of the semiconductor industry. Mr. Scandalios joined Franklin Templeton Investments(FTI) as an analyst in 1996. Prior to FTI, he completed the management-training program at Chase Manhattan in New York, and was an assistant portfolio manager for Chase Private Bank in Los Angeles.
Investment Advisor(s)
Franklin Advisers, Inc.
Issuer
Franklin Templeton Investments
Subadvisor(s)
---
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