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Franklin Small Mid Cap Growth VIP 2
Release date as of 2024-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2024-05-31
Out of 510
Mid-Cap Growth Funds
Morningstar®
Style Box™
What is this?
As of 2024-05-31
Total Fund Assets ($ Mil)
427.12
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 93.6
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.4
Bullet Bonds Bonds 0.0
Bullet Cash Cash 3.1
Bullet Other Other 1.9
Asset Allocation Rescaled Graph
Data through 2024-05-31
Morningstar Equity Sectors
% of Stocks
Cyclical 25.14
Basic Materials 0.00
Consumer Cyclical 12.79
Financial Services 10.04
Real Estate 2.31
Sensitive 54.89
Communication Services 5.90
Energy 3.42
Industrials 20.87
Technology 24.70
Defensive 19.96
Consumer Defensive 3.90
Healthcare 16.06
Utilities 0.00
Data through 2024-05-31
Holding Status
Total Number of Stock Holdings 98
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 21.67
Turnover % (as of 2023-12-31) 43.03
30 Day SEC Yield % -0.22
Top Holdings
Sector P/E % of Net
Assets
Franklin IFT Money Market --- --- 3.12
Trane Technologies PLC Class A 34.62 2.64
Ares Management Corp Ordinary Shares - Class A 62.02 2.24
CrowdStrike Holdings Inc Class A 847.76 2.19
DexCom Inc 77.12 2.16
Verisk Analytics Inc 46.21 1.99
Pinterest Inc Class A 188.59 1.86
Paychex Inc 26.18 1.85
Agilent Technologies Inc 30.90 1.84
Gartner Inc 41.68 1.78
Data through 2024-05-31
  Principal Risks   
Loss of Money, Not FDIC Insured, Growth Investing, Active Management, Market/Market Volatility, Other, Restricted/Illiquid Securities, Portfolio Diversification, Small Cap, Mid-Cap
Show Risk Definitions
  Other Information
Inception Date: 1999-01-06
Portfolio Manager(s)
Michael McCarthy   (1995-11-01)
Michael McCarthy is executive vice president and portfolio manager for Franklin Equity Group (FEG). He is the lead portfolio manager for the Franklin Small Cap Growth strategy, and also assists with the management of the Franklin Small-Mid Cap Growth strategy, which he has helped manage since its inception in 1992. Mr. McCarthy is a Chartered Financial Analyst (CFA) charter holder and earned his B.A. in history from the University of California, Los Angeles. He is a member of the Security Analysts of San Francisco (SASF) and the CFA Institute
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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