# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0001752724-23-033148
**Filing Date:** 2023-2
**Character Count:** 41916
**Document Hash:** f99af5fa389bb1a666f2537bd5f53f8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033148.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033148

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000837274
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05583
- **FILM NUMBER:** 23651813

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN VALUEMARK FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN VALUEMARK ANNUITY FUNDS
- **DATE OF NAME CHANGE:** 19881129

## Series and Classes Contracts Data

### FRANKLIN MUTUAL SHARES VIP FUND (Series ID: S000007320)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020108 | Class 1      |  |
| C000020109 | Class 2      |  |
| C000061782 | Class 4      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Franklin Templeton Variable Insurance Products Trust

- **b. Investment Company Act file number:** 811-05583

- **c. CIK number of Registrant:** 0000837274

- **d. LEI of Registrant:** 549300PIBKZH7YTTWU55

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Franklin Mutual Shares VIP Fund

- **b. EDGAR series identifier (if any):** S000007320

- **c. LEI of Series:** 1DP83FR2CH0PKYUU1X44

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2004448629.14

**Total Liabilities:** $7500502.49

**Net Assets:** $1996948126.65

**Cash Not Reported:** $25133088.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020108 | 11.94%               | 5.37%                | -3.42%               |
| Class ID C000061782 | 11.91%               | 5.37%                | -3.46%               |
| Class ID C000020109 | 11.98%               | 5.37%                | -3.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-73466043.81            | $287835765.14                              |
| Month 2  | $27887888.63             | $76674518.05                               |
| Month 3  | $12916832.35             | $-88778105.09                              |

### Schedule of Portfolio Investments

| Name                                           | Title                                                                          | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CBRE Group, Inc.                               | CBRE Group, Inc., Class A                                                      | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |    593625 | NS      | $45685380.00  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2080.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp.                                   | Oracle Corp.                                                                   | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    534295 | NS      | $43673273.30  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co. (The)                          | Kraft Heinz Co. (The)                                                          | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |   1313778 | NS      | $53483902.38  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Wayne Services Legacy, Inc.                    | Wayne Services Legacy, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2039 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ING Groep NV                                   | ING Groep NV                                                                   | CUSIP: N/A<br>LEI: 549300NYKK9MWM7GGW15       | Long             | EC               | CORP              | NL        |   2422671 | NS      | $29509575.82  | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Gen Digital, Inc.                              | Gen Digital, Inc.                                                              | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |   1404750 | NS      | $30103792.50  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                | Eli Lilly & Co.                                                                | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     64599 | NS      | $23632898.16  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                                | BlackRock, Inc.                                                                | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     66895 | NS      | $47403803.85  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Windstream Holdings, Inc.                      | Windstream Holdings, Inc.                                                      | CUSIP: N/A<br>LEI: 529900M9WS6K57ZMIJ19       | Long             | EC               | CORP              | US        |    609467 | NS      | $5844739.16   | 0.29%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GSK plc                                        | GSK plc                                                                        | CUSIP: N/A<br>LEI: 5493000HZTVUYLO1D793       | Long             | EC               | CORP              | GB        |   2211423 | NS      | $38218961.35  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Everest Re Group Ltd.                          | Everest Re Group Ltd.                                                          | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |     79159 | NS      | $26223001.93  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                   | British American Tobacco plc                                                   | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |    718730 | NS      | $28430455.26  | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                   | Fiserv, Inc.                                                                   | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    433626 | NS      | $43826579.82  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-3710.64     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DISH Network Corp.                             | DISH Network Corp.                                                             | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |  14352000 | PA      | $14799064.80  | 0.74%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                              | Merck & Co., Inc.                                                              | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    252040 | NS      | $27963838.00  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $180.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $309.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $5943.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Controls International plc             | Johnson Controls International plc                                             | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |    798897 | NS      | $51129408.00  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Holdings LLC           | Frontier Communications Holdings LLC                                           | CUSIP: 35908MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2949278 | PA      | $2285619.20   | 0.11%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FHLB                                           | FHLB                                                                           | CUSIP: 313384AC3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | STIV             | USGA              | US        |  10500000 | PA      | $10500000.00  | 0.53%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                      | Williams Cos., Inc. (The)                                                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   1072739 | NS      | $35293113.10  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1677.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2413.31      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Veritas US, Inc.                               | Veritas US, Inc., Term Loan B                                                  | CUSIP: G9341JAN0<br>LEI: 549300RFUWCPWS8FQ104 | Long             | LON              | CORP              | US        |  14791675 | PA      | $10510003.00  | 0.53%             | 2025-09-01      | Variable      | 9.73%                 | No            |                  2 | On Loan: No      |
| Ashland, Inc.                                  | Ashland, Inc.                                                                  | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |    294600 | NS      | $31678338.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BP plc                                         | BP plc                                                                         | CUSIP: N/A<br>LEI: 213800LH1BZH3DI6G760       | Long             | EC               | CORP              | GB        |   5196046 | NS      | $29979641.92  | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Avaya Holdings Corp.                           | Avaya Holdings Corp.                                                           | CUSIP: 05351X101<br>LEI: 549300NZS2OZN6Q63A60 | Long             | EC               | CORP              | US        |       116 | NS      | $22.74        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $524.81       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust           | American Airlines Pass-Through Trust, Series 2013-2, Class A                   | CUSIP: 02377UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1808416 | PA      | $1806000.36   | 0.09%             | 2023-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| International Paper Co.                        | International Paper Co.                                                        | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |    664644 | NS      | $23016621.72  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                           | Meta Platforms, Inc., Class A                                                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    303489 | NS      | $36521866.26  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                  | Medtronic plc                                                                  | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    440353 | NS      | $34224235.16  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                    | Capital One Financial Corp.                                                    | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |    112972 | NS      | $10501877.12  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-2134.13     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-20027.91    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SVB Financial Group                            | SVB Financial Group                                                            | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |    112739 | NS      | $25945753.46  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson plc                       | Willis Towers Watson plc                                                       | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | IE        |    192950 | NS      | $47191711.00  | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                  | Comcast Corp., Class A                                                         | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |    887231 | NS      | $31026468.07  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritas US, Inc. / Veritas Bermuda Ltd.        | Veritas US, Inc. / Veritas Bermuda Ltd.                                        | CUSIP: 92346LAE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21124000 | PA      | $14593912.53  | 0.73%             | 2025-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bausch Health Americas, Inc.                   | Bausch Health Americas, Inc.                                                   | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |   3434000 | PA      | $1801922.82   | 0.09%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Banff Guarantor, Inc.                          | Banff Guarantor, Inc., Second Lien Term Loan                                   | CUSIP: 10318UAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6640700 | PA      | $6140588.88   | 0.31%             | 2026-02-27      | Variable      | 9.88%                 | No            |                  2 | On Loan: No      |
| Staples, Inc.                                  | Staples, Inc.                                                                  | CUSIP: 855030AN2<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |   6845000 | PA      | $5905455.30   | 0.30%             | 2026-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Activision Blizzard, Inc.                      | Activision Blizzard, Inc.                                                      | CUSIP: 00507V109<br>LEI: 549300TPQQDBP9GNOF40 | Long             | EC               | CORP              | US        |    566470 | NS      | $43363278.50  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $6189.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1304.75     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                              | Wells Fargo & Co.                                                              | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   1096804 | NS      | $45287037.16  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Walter Energy Corp.                            | Walter Energy, Inc., Litigation Trust, Contingent Distribution                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   6301000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| International Automotive Components Group BVBA | International Automotive Components Group Brazil LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1730515 | NS      | $60910.67     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| KBR, Inc.                                      | KBR, Inc.                                                                      | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    695116 | NS      | $36702124.80  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                           | JPMorgan Chase & Co.                                                           | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    402339 | NS      | $53953659.90  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-26283.09    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile US, Inc.                              | T-Mobile US, Inc.                                                              | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    290605 | NS      | $40684700.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $7857.46      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger Ltd.                              | Schlumberger Ltd.                                                              | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |    950004 | NS      | $50787213.84  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-60208.74    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $14109.67     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp.                                  | Chevron Corp.                                                                  | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172150 | NS      | $30899203.50  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $711.45       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Flex Ltd.                                      | Flex Ltd.                                                                      | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |   1981179 | NS      | $42516101.34  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings, Inc.               | SS&C Technologies Holdings, Inc.                                               | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    561101 | NS      | $29210918.06  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                       | U.S. Treasury Bills                                                            | CUSIP: 912796ZG7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2000000 | PA      | $1962770.70   | 0.10%             | 2023-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citgo Holding, Inc.                            | Citgo Holding, Inc.                                                            | CUSIP: 17302WAB4<br>LEI: 549300NYHOALWZ2BSL72 | Long             | DBT              | CORP              | US        |  13861000 | PA      | $13857283.45  | 0.69%             | 2024-08-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                            | Foreign Exchange EUR/USD                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -39 | NC      | $-68455.83    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments, Inc.                          | Global Payments, Inc.                                                          | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    411166 | NS      | $40837007.12  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1364653.73  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                        | American Airlines, Inc.                                                        | CUSIP: 023771S58<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   2592000 | PA      | $2785957.42   | 0.14%             | 2025-07-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Quest Software US Holdings, Inc.               | Quest Software US Holdings, Inc., Second Lien Term Loan                        | CUSIP: G7314UAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  13032127 | PA      | $8041930.09   | 0.40%             | 2030-02-01      | Variable      | 11.59%                | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                          | Walt Disney Co. (The)                                                          | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    380752 | NS      | $33079733.76  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana, Inc.                                   | Humana, Inc.                                                                   | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |     61977 | NS      | $31743999.63  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp.                                    | Alcoa Corp.                                                                    | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    506080 | NS      | $23011457.60  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                          | Bank of America Corp.                                                          | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   1380714 | NS      | $45729247.68  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp.                            | First Horizon Corp.                                                            | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    695096 | NS      | $17029852.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Staples, Inc.                                  | Staples, Inc.                                                                  | CUSIP: 855030AP7<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |  21435000 | PA      | $15469210.80  | 0.77%             | 2027-04-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Tapestry, Inc.                                 | Tapestry, Inc.                                                                 | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |   1380395 | NS      | $52565441.60  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2290.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bosgaerde BV                                   | Bosgen Liquidating Trust c/o Verdolino and Lowey P.C., Contingent Distribution | CUSIP: N/A<br>LEI: 724500SEMY2K987RV910       | Long             | EC               | CORP              | NL        |    347093 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Elevance Health, Inc.                          | Elevance Health, Inc.                                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |     72710 | NS      | $37298048.70  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $-1349.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Windstream Holdings, Inc.                      | Windstream Holdings, Inc.                                                      | CUSIP: N/A<br>LEI: 529900M9WS6K57ZMIJ19       | Long             |  | CORP              | US        |     34368 | NS      | $329586.34    | 0.02%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Western Digital Corp.                          | Western Digital Corp.                                                          | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    548355 | NS      | $17300600.25  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $45797.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $206735.02    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Co.                             | General Motors Co.                                                             | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |    997366 | NS      | $33551392.24  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial, Inc.                           | Voya Financial, Inc.                                                           | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |    631558 | NS      | $38834501.42  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.                          | Parker-Hannifin Corp.                                                          | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    176537 | NS      | $51372267.00  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.                 | Bread Financial Holdings, Inc.                                                 | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    516079 | NS      | $19435535.14  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health, Inc.                     | Elanco Animal Health, Inc.                                                     | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |   2041057 | NS      | $24941716.54  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications, Inc.                   | Charter Communications, Inc., Class A                                          | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |    109010 | NS      | $36965291.00  | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Health Cos., Inc.                       | Bausch Health Cos., Inc.                                                       | CUSIP: 91911KAP7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $268848.20    | 0.01%             | 2025-12-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                               | CVS Health Corp.                                                               | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |    512554 | NS      | $47764907.26  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $787.63       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                    | Novartis AG                                                                    | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    488139 | NS      | $44283970.08  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group, Inc.                   | Brixmor Property Group, Inc.                                                   | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |   1306872 | NS      | $29626788.24  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Forward Foreign Currency Contract                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |         1 | NC      | $2744.89      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| DR Horton, Inc.                                | DR Horton, Inc.                                                                | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |    588282 | NS      | $52439457.48  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Holdings Bermuda Ltd.                 | Carnival Holdings Bermuda Ltd.                                                 | CUSIP: 14366RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2650200 | PA      | $2725425.93   | 0.14%             | 2028-05-01      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| N/A                                            | Foreign Exchange GBP/USD                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -131 | NC      | $179801.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Franklin Templeton Variable Insurance Products Trust

**Signature:** Ryan Wheeler

**Name of Signer:** Ryan Wheeler

**Title:** Assistant Treasurer