Franklin Templeton Variable Insurance Products Trust
04/17/2026 | Press release | Distributed by Public on 04/17/2026 07:03
Prospectus by Investment Company (Form 497)
783-P1 04/26
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
SUPPLEMENT DATED APRIL 17, 2026
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
EACH DATED MAY 1, 2025, OF
FRANKLIN ALLOCATION VIP FUND (THE "FUND")
All changes described below are effective June 1, 2026.
1. The following replaces the reference to Berkeley Belknap in the section titled "Fund Summary - Portfolio Managers" in the Fund's Summary Prospectus and Prospectus:
Brett S. Goldstein, CFA
Portfolio Manager of Advisers and portfolio manager of the Fund since June 2026.
Laura Green, CFA
Portfolio Manager of Advisers and portfolio manager of the Fund since June 2026.
2. The following replaces the reference to Berkeley Belknap in the section titled "Fund Details - Management" in the Fund's Prospectus:
Brett S. Goldstein, CFA Portfolio Manager of Advisers
Mr. Goldstein has been a portfolio manager of the Fund since June 2026. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Goldstein was a portfolio manager for Putnam Investment Management, LLC ("Putnam Management"). He joined Putnam Management in 2010.
Laura Green, CFA Portfolio Manager of Advisers
Ms. Green has been a portfolio manager of the Fund since June 2026. She joined Franklin Templeton in 2020.
3. The following replaces references to Berkeley Belknap in the table in the section titled "Management and Other Services - Portfolio managers" in the Fund's SAI:
|
Name |
Type of |
Number of Accounts Managed |
Total Assets Managed (x $1 million) |
Number of Accounts Managed for which Advisory Fee is Performance-Based |
Assets Managed for which Advisory Fee is Performance-Based (x $1 million) |
|
|
Brett S. Goldstein* |
Registered Investment Companies |
38 |
16,062.5 |
None |
None |
|
|
Other Pooled Investment Vehicles |
28 |
15,821.5 |
None |
None |
||
|
Other Accounts |
11 |
64.8 |
None |
None |
||
|
Laura Green* |
Registered Investment Companies |
17 |
14,034.5 |
None |
None |
|
|
Other Pooled Investment Vehicles |
28 |
6,781.4 |
None |
None |
||
|
Other Accounts |
246 |
5,219.3 |
2 |
81.1 |
*Information is provided as of February 28, 2026.
4. The following is added to the section titled "Management and Other Services - Portfolio managers - Ownership of Fund shares" in the Fund's SAI:
As of March 31, 2026, Brett S. Goldstein and Laura Green did not own any shares of the Fund.
Please retain this supplement for future reference.
Franklin Templeton Variable Insurance Products Trust published this content on April 17, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 17, 2026 at 13:03 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]