# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0001752724-23-033154
**Filing Date:** 2023-2
**Character Count:** 64841
**Document Hash:** 28d0f187837cd52ad460a73d9261332d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-033154.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001752724-23-033154

**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:** 23651819

**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

### TEMPLETON GLOBAL BOND VIP FUND (Series ID: S000007325)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020120 | Class 1      |  |
| C000020121 | Class 2      |  |
| C000061787 | 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:** Templeton Global Bond VIP Fund

- **b. EDGAR series identifier (if any):** S000007325

- **c. LEI of Series:** V3KXZG7K26O0II8UD472

**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:** $1760091855.62

**Total Liabilities:** $21444095.11

**Net Assets:** $1738647760.51

**Delayed Delivery Securities:** $172731.84

**Cash Not Reported:** $75891.68

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -10514.79000000 | **1-Year:** -121589.96000000 | **5-Year:** -96686.77000000 | **10-Year:** -23134.95000000 | **30-Year:** -352.28000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** -24659.18000000 | **5-Year:** -16954.70000000 | **10-Year:** -2493.31000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061787 | -0.42%               | 5.60%                | 2.65%                |
| Class ID C000020120 | -0.41%               | 5.61%                | 2.65%                |
| Class ID C000020121 | -0.43%               | 5.56%                | 2.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-31754694.10            | $21086385.47                               |
| Month 2  | $-28545313.84            | $84491151.84                               |
| Month 3  | $-7063536.57             | $32687729.99                               |

**Designated Index Information**

- **Index Name:** VaR_FoF_256_JGBIBroard50_EMBIGglobal25_JGBIEM25

- **Index Identifier:** HBVAR0001

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                                    | Forward Foreign Currency Contract                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |             1 | NC      | $674611.87    | 0.04%             |  |  |  | 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      | $1813054.68   | 0.10%             |  |  |  | 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      | $-144536.57   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |    2311000000 | PA      | $275676.26    | 0.02%             | 2036-07-09      | Fixed         | 6.25%                 | 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      | $1595752.61   | 0.09%             |  |  |  | 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      | $-65094.92    | -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      | $4104819.70   | 0.24%             |  |  |  | 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      | $71649.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of Thailand                                       | Thailand Government Bond                               | CUSIP: N/A<br>LEI: 549300HJD00HOXYCA262       | Long             | DBT              | NUSS              | TH        |     481230000 | PA      | $13820090.71  | 0.79%             | 2023-11-22      | Fixed         | 0.66%                 | 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      | $2175668.85   | 0.13%             |  |  |  | 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      | $233269.58    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Government Bond                               | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |     576000000 | PA      | $105220.26    | 0.01%             | 2027-06-28      | Fixed         | 9.85%                 | 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      | $326007.81    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Norway                                      | Norway Government Bond                                 | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |      89312000 | PA      | $8861384.41   | 0.51%             | 2025-03-13      | Fixed         | 1.75%                 | 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      | $-12140.82    | -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      | $1617438.85   | 0.09%             |  |  |  | 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      | $-145019.40   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                  | Japan Treasury Bills                                   | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | STIV             | NUSS              | JP        |    3079000000 | PA      | $23455396.10  | 1.35%             | 2023-01-25      | None          | 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      | $-1493386.14  | -0.09%            |  |  |  | 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      | $-566043.50   | -0.03%            |  |  |  | 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      | $-80034.73    | -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      | $356968.52    | 0.02%             |  |  |  | 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      | $3100309.12   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Thailand                                    | Thailand Government Bond                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | TH        |     745020000 | PA      | $21262728.59  | 1.22%             | 2024-09-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | OIS                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |      19880000 | PA      | $-16361.34    | -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      | $61665.17     | 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      | $498342.32    | 0.03%             |  |  |  | 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      | $539337.60    | 0.03%             |  |  |  | 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      | $239127.40    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828J27<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      49140000 | PA      | $46767459.38  | 2.69%             | 2025-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                  | Indonesia Government Bond, Series FR81                 | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  599166000000 | PA      | $38872128.47  | 2.24%             | 2025-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                  | Indonesia Government Bond, Series FR40                 | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |   46856000000 | PA      | $3358646.69   | 0.19%             | 2025-09-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828YM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      49660000 | PA      | $47059639.52  | 2.71%             | 2024-10-31      | Fixed         | 1.50%                 | 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      | $-579550.02   | -0.03%            |  |  |  | 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      | $238410.23    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828XB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      58760000 | PA      | $55856429.83  | 3.21%             | 2025-05-15      | Fixed         | 2.12%                 | 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      | $5231915.66   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   49809600000 | PA      | $7689268.02   | 0.44%             | 2028-04-28      | Fixed         | 6.00%                 | 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      | $-110087.70   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 9128286X3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      11063000 | PA      | $10354276.56  | 0.60%             | 2026-05-31      | Fixed         | 2.12%                 | 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      | $609531.65    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828YQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      24220000 | PA      | $22113049.16  | 1.27%             | 2026-10-31      | Fixed         | 1.62%                 | 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      | $5189.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Letras do Tesouro Nacional                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | STIV             | NUSS              | BR        |     539800000 | PA      | $80429114.49  | 4.63%             | 2025-01-01      | None          | 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      | $-194762.38   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                                  | Mexican Bonos Desarr Fixed Rate, Series M              | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |     502500000 | PA      | $23066734.34  | 1.33%             | 2033-05-26      | Fixed         | 7.50%                 | 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      | $98868.51     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |        210000 | PA      | $18896.75     | 0.00%             | 2023-07-31      | Fixed         | 17.25%                | 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      | $79562.45     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828YV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      50420000 | PA      | $47719772.53  | 2.74%             | 2024-11-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Republic of Singapore                                  | Singapore Treasury Bills                               | CUSIP: N/A<br>LEI: 549300ZSV6VOGFH1ER70       | Long             | STIV             | NUSS              | SG        |      52270000 | PA      | $38345545.18  | 2.21%             | 2023-05-30      | None          | 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      | $34914.77     | 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      | $223204.17    | 0.01%             |  |  |  | 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      | $-539922.65   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                  | Indonesia Government Bond, Series FR46                 | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        |  113970000000 | PA      | $7489828.59   | 0.43%             | 2023-07-15      | Fixed         | 9.50%                 | 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      | $-493852.43   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |       7700000 | PA      | $760249.77    | 0.04%             | 2023-02-06      | Fixed         | 16.50%                | No            |                  2 | On Loan: No      |
| Korea Monetary Stabilization Bond                      | Korea Monetary Stabilization Bond                      | CUSIP: N/A<br>LEI: RVHOHKPBCJ2GSJ37YH94       | Long             | DBT              | NUSS              | KR        |   59690000000 | PA      | $47099970.87  | 2.71%             | 2023-04-02      | Fixed         | 0.91%                 | No            |                  2 | On Loan: No      |
| Republic of Indonesia                                  | Indonesia Government Bond, Series FR86                 | CUSIP: N/A<br>LEI: 529900FWX0GRR7WG5W79       | Long             | DBT              | NUSS              | ID        | 1421313000000 | PA      | $89565315.75  | 5.15%             | 2026-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Letras do Tesouro Nacional                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | STIV             | NUSS              | BR        |     190140000 | PA      | $30000222.69  | 1.73%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828YY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      22672000 | PA      | $21524230.00  | 1.24%             | 2024-12-31      | Fixed         | 1.75%                 | 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      | $35907.15     | 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      | $-418696.62   | -0.02%            |  |  |  | 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      | $-8686.11     | -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      | $-1400946.41  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   17210500000 | PA      | $2514465.73   | 0.14%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  134196600000 | PA      | $23685787.09  | 1.36%             | 2026-08-26      | Fixed         | 7.50%                 | 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      | $-920766.93   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Norway                                      | Norway Government Bond                                 | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |     315007000 | PA      | $32013469.20  | 1.84%             | 2023-05-24      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   37868000000 | PA      | $5889108.65   | 0.34%             | 2030-09-18      | Fixed         | 7.75%                 | 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      | $-450411.17   | -0.03%            |  |  |  | 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      | $1217307.33   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |    1629000000 | PA      | $19925323.13  | 1.15%             | 2026-01-11      | Fixed         | 7.59%                 | 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      | $-168987.43   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Korea                                      | Korea Treasury Bonds                                   | CUSIP: N/A<br>LEI: 549300O0QCVSQGPGDT58       | Long             | DBT              | NUSS              | KR        |   22287000000 | PA      | $17229270.39  | 0.99%             | 2023-12-10      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |        110000 | PA      | $9350.11      | 0.00%             | 2023-12-18      | Fixed         | 19.25%                | 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      | $258502.09    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Korea                                      | Korea Treasury Bonds                                   | CUSIP: N/A<br>LEI: 549300O0QCVSQGPGDT58       | Long             | DBT              | NUSS              | KR        |   34133000000 | PA      | $25232412.12  | 1.45%             | 2026-09-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Kingdom of Norway                                      | Norway Government Bond                                 | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |     265052000 | PA      | $27006154.53  | 1.55%             | 2024-03-14      | Fixed         | 3.00%                 | 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      | $442572.97    | 0.03%             |  |  |  | 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      | $39226.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                  | Japan Treasury Bills                                   | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | STIV             | NUSS              | JP        |    7158100000 | PA      | $54538859.10  | 3.14%             | 2023-02-27      | None          | 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      | $4248598.58   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Letras do Tesouro Nacional                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | STIV             | NUSS              | BR        |      58010000 | PA      | $9686791.19   | 0.56%             | 2024-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Republic of Korea                                      | Korea Treasury Bonds                                   | CUSIP: N/A<br>LEI: 549300O0QCVSQGPGDT58       | Long             | DBT              | NUSS              | KR        |   75881910000 | PA      | $57953174.54  | 3.33%             | 2024-09-10      | Fixed         | 1.38%                 | 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      | $444212.92    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |        150000 | PA      | $13280.30     | 0.00%             | 2023-09-18      | Fixed         | 19.00%                | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Government Bond                               | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |     362000000 | PA      | $73364.41     | 0.00%             | 2023-03-21      | Fixed         | 4.38%                 | 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      | $43068.74     | 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      | $480086.40    | 0.03%             |  |  |  | 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      | $152656.43    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan                                                  | Japan Treasury Bills                                   | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | STIV             | NUSS              | JP        |    7869100000 | PA      | $59981694.93  | 3.45%             | 2023-09-20      | None          | 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      | $135071.51    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |       1080000 | PA      | $86271.23     | 0.00%             | 2024-03-18      | Fixed         | 17.70%                | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |     526000000 | PA      | $5795986.65   | 0.33%             | 2030-08-03      | Fixed         | 5.77%                 | 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      | $263157.11    | 0.02%             |  |  |  | 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      | $331609.32    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      80510000 | PA      | $3414607.45   | 0.20%             | 2032-03-15      | Fixed         | 19.75%                | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |         70000 | PA      | $7007.01      | 0.00%             | 2023-01-02      | Fixed         | 18.50%                | 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      | $-7116.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Argentine Republic                                     | Argentina BONCER                                       | CUSIP: N/A<br>LEI: 549300KPBYGYF7HCHO27       | Long             | DBT              | NUSS              | AR        |             0 | PA      | $0.00         | 0.00%             | 2023-03-25      | Fixed         | 1.40%                 | 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      | $-6545906.68  | -0.38%            |  |  |  | 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      | $231170.42    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   24227000000 | PA      | $3409654.66   | 0.20%             | 2032-06-30      | Fixed         | 7.00%                 | 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      | $462815.34    | 0.03%             |  |  |  | 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      | $-1136637.14  | -0.07%            |  |  |  | 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      | $67309.63     | 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      | $-36681.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Korea                                      | Korea Treasury Bonds                                   | CUSIP: N/A<br>LEI: 549300O0QCVSQGPGDT58       | Long             | DBT              | NUSS              | KR        |   88312000000 | PA      | $69427588.95  | 3.99%             | 2023-09-10      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   60059300000 | PA      | $12071977.90  | 0.69%             | 2024-07-24      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 9128284R8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      76680000 | PA      | $74148961.13  | 4.26%             | 2025-05-31      | Fixed         | 2.88%                 | 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      | $128282.14    | 0.01%             |  |  |  | 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      | $82021.06     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United Mexican States                                  | Mexican Bonos Desarr Fixed Rate, Series M 20           | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |     114900000 | PA      | $5738705.94   | 0.33%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   55276000000 | PA      | $8648731.18   | 0.50%             | 2027-11-03      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Japan                                                  | Japan Treasury Bills                                   | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | STIV             | NUSS              | JP        |    7176000000 | PA      | $54689688.46  | 3.15%             | 2023-05-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Notas do Tesouro Nacional                       | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |     233800000 | PA      | $40947433.14  | 2.36%             | 2027-01-01      | Fixed         | 10.00%                | 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      | $328360.17    | 0.02%             |  |  |  | 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      | $1159862.01   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Korea                                      | Korea Treasury Bonds                                   | CUSIP: N/A<br>LEI: 549300O0QCVSQGPGDT58       | Long             | DBT              | NUSS              | KR        |   18500000000 | PA      | $14515106.57  | 0.83%             | 2024-09-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | OIS                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |      19880000 | PA      | $-27371.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |     858100000 | PA      | $10555071.26  | 0.61%             | 2023-11-25      | Fixed         | 8.83%                 | 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      | $372398.37    | 0.02%             |  |  |  | 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      | $25236.29     | 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      | $307947.37    | 0.02%             |  |  |  | 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      | $-7205.96     | -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      | $-313980.29   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 9128285T3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      44803000 | PA      | $42853369.68  | 2.46%             | 2025-12-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |       1350000 | PA      | $115821.73    | 0.01%             | 2023-11-27      | Fixed         | 19.25%                | 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      | $363101.70    | 0.02%             |  |  |  | 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      | $129451.77    | 0.01%             |  |  |  | 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      | $280245.25    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |     313000000 | PA      | $3630284.79   | 0.21%             | 2025-06-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |       3310000 | PA      | $324564.43    | 0.02%             | 2023-02-20      | Fixed         | 17.60%                | 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      | $-1980039.97  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Thailand                                    | Thailand Government Bond                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | NUSS              | TH        |     570140000 | PA      | $15818331.30  | 0.91%             | 2027-06-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Notas do Tesouro Nacional                       | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |      51840000 | PA      | $8592534.45   | 0.49%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |    2459900000 | PA      | $28236475.17  | 1.62%             | 2025-11-09      | Fixed         | 5.15%                 | 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      | $31489.86     | 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      | $-418406.69   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      80510000 | PA      | $4490242.65   | 0.26%             | 2026-11-02      | Fixed         | 19.00%                | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |   82468000000 | PA      | $14578674.84  | 0.84%             | 2025-11-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |        690000 | PA      | $40676.37     | 0.00%             | 2026-03-02      | Fixed         | 18.30%                | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |        120000 | PA      | $12006.76     | 0.00%             | 2023-01-16      | Fixed         | 20.75%                | No            |                  2 | On Loan: No      |
| Institutional Fiduciary Trust - Money Market Portfolio | Institutional Fiduciary Trust - Money Market Portfolio | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |     154955949 | NS      | $154955948.67 | 8.91%             |  |  |  | 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      | $15626.73     | 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      | $241689.14    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      26840000 | PA      | $2184723.99   | 0.13%             | 2024-03-25      | Fixed         | 19.75%                | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      21190000 | PA      | $1864949.53   | 0.11%             | 2023-09-28      | Fixed         | 18.85%                | 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      | $3286703.46   | 0.19%             |  |  |  | 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      | $-107306.83   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Korea                                      | Korea Treasury Bonds                                   | CUSIP: N/A<br>LEI: 549300O0QCVSQGPGDT58       | Long             | DBT              | NUSS              | KR        |   33811000000 | PA      | $26279368.93  | 1.51%             | 2024-03-10      | Fixed         | 1.88%                 | 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      | $16567.37     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Norway                                      | Norway Government Bond                                 | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |      52969000 | PA      | $5158162.53   | 0.30%             | 2026-02-19      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Republic of Singapore                                  | Singapore Treasury Bills                               | CUSIP: N/A<br>LEI: 549300ZSV6VOGFH1ER70       | Long             | STIV             | NUSS              | SG        |      45410000 | PA      | $33817020.58  | 1.95%             | 2023-01-24      | None          | 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      | $258498.39    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |     214000000 | PA      | $2594447.79   | 0.15%             | 2026-04-08      | Fixed         | 7.27%                 | 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      | $-532384.22   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      24220000 | PA      | $22407284.38  | 1.29%             | 2026-02-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |     297100000 | PA      | $3680335.25   | 0.21%             | 2025-09-24      | Fixed         | 8.20%                 | No            |                  2 | 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