# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0001752724-25-203449
**Filing Date:** 2025-8
**Character Count:** 52234
**Document Hash:** da904da8ee592886ecf85c58e23ee9c0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203449.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203449

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000837274

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05583
- **FILM NUMBER:** 251253145

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1475932094.10

**Total Liabilities:** $43869268.65

**Net Assets:** $1432062825.45

**Cash Not Reported:** $416146.56

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2063.39000000 | **1-Year:** -23600.13000000 | **5-Year:** -137600.05000000 | **10-Year:** -251974.59000000 | **30-Year:** -5205.58000000

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

- **3-Month:** 0.00000000 | **1-Year:** -10039.02000000 | **5-Year:** -51020.71000000 | **10-Year:** -91269.01000000 | **30-Year:** -34159.69000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061787 | 3.59%                | 1.03%                | 2.50%                |
| Class ID C000020120 | 3.54%                | 1.06%                | 2.55%                |
| Class ID C000020121 | 3.59%                | 1.05%                | 2.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7217957.97             | $28169203.63                               |
| Month 2  | $-6810854.68             | $19040045.49                               |
| Month 3  | $1129149.08              | $27876379.09                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United Mexican States                                  | Mexican Bonos Desarr Fixed Rate, Series M              | CUSIP: N/A<br>LEI: 254900EGTWEU67VP6075       | Long             | DBT              | NUSS              | MX        |    238510000 | PA      | $12633933.87  | 0.88%             | 2030-02-28      | 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        |  10374000000 | PA      | $1644074.87   | 0.11%             | 2036-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |     69331000 | PA      | $71035.03     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                               | South Africa Government Bond                           | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    332190000 | PA      | $17567022.68  | 1.23%             | 2035-02-28      | Fixed         | 8.88%                 | 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      | $198253.08    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      8413209 | PA      | $428995.59    | 0.03%             | 2037-02-03      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    334838000 | PA      | $434558.24    | 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      | $631024.94    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Government Bond                               | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |    576000000 | PA      | $138604.22    | 0.01%             | 2027-06-28      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   1290600000 | PA      | $15510316.58  | 1.08%             | 2034-10-07      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   1877900000 | PA      | $23098358.97  | 1.61%             | 2032-08-22      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| New South Wales Treasury Corp.                         | New South Wales Treasury Corp.                         | CUSIP: N/A<br>LEI: TC7LRO17HPNPLTAV0H77       | Long             | DBT              | NUSS              | AU        |     43382000 | PA      | $22570818.97  | 1.58%             | 2034-03-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     25144673 | PA      | $1716988.20   | 0.12%             | 2029-02-13      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     82656000 | PA      | $19861905.04  | 1.39%             | 2032-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Kingdom of Norway                                      | Norway Government Bond                                 | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |     85989000 | PA      | $8296854.19   | 0.58%             | 2027-02-17      | 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      | $-225116.56   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  28988600000 | PA      | $6392842.53   | 0.45%             | 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      | $46866.18     | 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      | $124974.18    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    295258000 | PA      | $3221950.98   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   3641200000 | PA      | $44478005.26  | 3.11%             | 2033-08-14      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| Hellenic Republic                                      | Greece Government Bond                                 | CUSIP: N/A<br>LEI: 2138003EKTMKZ5598902       | Long             | DBT              | NUSS              | GR        |      9091000 | PA      | $10887709.69  | 0.76%             | 2034-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                 | Egypt Government Bond                                  | CUSIP: 03846JW89<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      5020000 | PA      | $4123463.59   | 0.29%             | 2049-03-01      | Fixed         | 8.70%                 | 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      | $343279.70    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     23099657 | PA      | $1396587.83   | 0.10%             | 2031-02-11      | Fixed         | 8.95%                 | 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      | $-178326.60   | -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      | $478145.86    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Notas do Tesouro Nacional, Series F             | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    182536000 | PA      | $30733278.67  | 2.15%             | 2029-01-01      | 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      | $628999.99    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |    209830000 | PA      | $50712752.46  | 3.54%             | 2027-11-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        | 105197500000 | PA      | $19793009.86  | 1.38%             | 2042-05-28      | Fixed         | 9.25%                 | 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        |    169690000 | PA      | $8622725.12   | 0.60%             | 2031-05-29      | 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      | $-124395.77   | -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      | $-2985690.34  | -0.21%            |  |  |  | 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      | $-118337.47   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     25610000 | PA      | $27506994.93  | 1.92%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  17210500000 | PA      | $3419372.41   | 0.24%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Treasury Corp. of Victoria                             | Treasury Corp. of Victoria                             | CUSIP: N/A<br>LEI: 549300ZJM7BQW1P9UV75       | Long             | DBT              | NUSS              | AU        |     41521000 | PA      | $19259282.31  | 1.34%             | 2037-11-20      | Fixed         | 2.00%                 | 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      | $135546.20    | 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        |  62065600000 | PA      | $14909368.12  | 1.04%             | 2026-08-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     14831275 | PA      | $763847.49    | 0.05%             | 2036-02-05      | Fixed         | 9.70%                 | 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      | $8021208.80   | 0.56%             | 2030-09-18      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |    552840000 | PA      | $6735030.03   | 0.47%             | 2034-04-08      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     18640000 | PA      | $18193285.88  | 1.27%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     19152022 | PA      | $1106408.80   | 0.08%             | 2032-02-10      | Fixed         | 9.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |   -167419000 | PA      | $-1431554.27  | -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      | $-116204.85   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     39053000 | PA      | $9776969.42   | 0.68%             | 2030-04-15      | Fixed         | 4.50%                 | 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      | $-2620983.17  | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     41250000 | PA      | $10026235.58  | 0.70%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     25463729 | PA      | $1878129.44   | 0.13%             | 2028-02-15      | Fixed         | 8.50%                 | 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      | $4502921.93   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Spain                                       | Spain Government Bond                                  | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |     29290000 | PA      | $34455836.38  | 2.41%             | 2035-04-30      | Fixed         | 3.15%                 | 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      | $-512053.25   | -0.04%            |  |  |  | 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        |    303650000 | PA      | $16148994.27  | 1.13%             | 2029-03-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| New South Wales Treasury Corp.                         | New South Wales Treasury Corp.                         | CUSIP: N/A<br>LEI: TC7LRO17HPNPLTAV0H77       | Long             | DBT              | NUSS              | AU        |      7096000 | PA      | $3922668.30   | 0.27%             | 2033-03-08      | Fixed         | 2.00%                 | 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      | $1459887.51   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                               | South Africa Government Bond                           | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    580718000 | PA      | $28595485.90  | 2.00%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                               | South Africa Government Bond                           | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    324968600 | PA      | $14933381.31  | 1.04%             | 2044-01-31      | Fixed         | 8.75%                 | 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      | $7081952.46   | 0.49%             |  |  |  | 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      | $192810.03    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Queensland Treasury Corp.                              | Queensland Treasury Corp.                              | CUSIP: N/A<br>LEI: 98INKCEEHOU5YJS0HQ88       | Long             | DBT              | NUSS              | AU        |     52103000 | PA      | $26616102.98  | 1.86%             | 2034-07-20      | 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      | $-118561.43   | -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      | $-3006927.52  | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Spain                                       | Spain Government Bond                                  | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |     23831000 | PA      | $29226583.25  | 2.04%             | 2033-10-31      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |    526000000 | PA      | $6056183.56   | 0.42%             | 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      | $-78381.27    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |   -246048000 | PA      | $-1196531.44  | -0.08%            |  |  |  | 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      | $276904.02    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BR4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       800000 | PA      | $654469.43    | 0.05%             | 2033-01-19      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BK9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      1922000 | PA      | $1737248.88   | 0.12%             | 2030-01-23      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Republic of Serbia                                     | Serbia Treasury Bonds                                  | CUSIP: N/A<br>LEI: 254900W94OCY91V32O78       | Long             | DBT              | NUSS              | RS        |    624310000 | PA      | $6113453.97   | 0.43%             | 2032-08-20      | Fixed         | 4.50%                 | 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      | $1390547.96   | 0.10%             |  |  |  | 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      | $4556296.47   | 0.32%             | 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      | $-2927239.64  | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     56390000 | PA      | $13504088.50  | 0.94%             | 2027-05-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                 | Egypt Government Bond                                  | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     11120000 | PA      | $9276229.72   | 0.65%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     12184536 | PA      | $617836.55    | 0.04%             | 2038-02-02      | 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      | $322358.45    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Treasury Corp. of Victoria                             | Treasury Corp. of Victoria                             | CUSIP: N/A<br>LEI: 549300ZJM7BQW1P9UV75       | Long             | DBT              | NUSS              | AU        |     37794000 | PA      | $20036104.54  | 1.40%             | 2034-11-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |      8790000 | PA      | $2091455.42   | 0.15%             | 2025-09-15      | Fixed         | 3.96%                 | 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      | $137654.67    | 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        |    488850000 | PA      | $25980987.50  | 1.81%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Notas do Tesouro Nacional                       | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    173720000 | PA      | $30353032.36  | 2.12%             | 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      | $-226274.32   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     12039324 | PA      | $629705.08    | 0.04%             | 2035-02-06      | Fixed         | 9.55%                 | No            |                  2 | On Loan: No      |
| International Bank for Reconstruction & Development    | International Bank for Reconstruction & Development    | CUSIP: N/A<br>LEI: ZTMSNXROF84AHWJNKQ93       | Long             | DBT              | NUSS              | IN        |    361000000 | PA      | $4259864.40   | 0.30%             | 2030-02-06      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     25218838 | PA      | $1619710.72   | 0.11%             | 2030-02-12      | Fixed         | 8.80%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                               | South Africa Government Bond                           | CUSIP: N/A<br>LEI: 378900AAFB4F17004C49       | Long             | DBT              | NUSS              | ZA        |    612520000 | PA      | $29958768.99  | 2.09%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     68750000 | PA      | $16521910.03  | 1.15%             | 2026-11-30      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Notas do Tesouro Nacional                       | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    435778000 | PA      | $69813361.68  | 4.88%             | 2031-01-01      | 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      | $1184560.94   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      2940000 | PA      | $2251217.77   | 0.16%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Hellenic Republic                                      | Greece Government Bond                                 | CUSIP: N/A<br>LEI: 2138003EKTMKZ5598902       | Long             | DBT              | NUSS              | GR        |      8044000 | PA      | $10278552.55  | 0.72%             | 2033-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |   -140984000 | PA      | $-238981.04   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |      5820000 | PA      | $1401232.18   | 0.10%             | 2027-03-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                 | Egypt Government Bond                                  | CUSIP: 038461AM1<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     16780000 | PA      | $13637510.40  | 0.95%             | 2047-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     13001100 | PA      | $13047822.70  | 0.91%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Queensland Treasury Corp.                              | Queensland Treasury Corp.                              | CUSIP: N/A<br>LEI: 98INKCEEHOU5YJS0HQ88       | Long             | DBT              | NUSS              | AU        |     23430000 | PA      | $12698281.66  | 0.89%             | 2033-08-22      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                 | Malaysia Government Bond                               | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     15880000 | PA      | $3831382.48   | 0.27%             | 2028-06-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| United States of America                               | U.S. Treasury Notes                                    | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    117400000 | PA      | $113208453.71 | 7.91%             | 2033-02-15      | Fixed         | 3.50%                 | 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      | $292993.38    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                 | Egypt Government Bond                                  | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      4820000 | PA      | $3961526.96   | 0.28%             | 2051-09-30      | Fixed         | 8.75%                 | 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      | $389016.90    | 0.03%             |  |  |  | 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        |    220748206 | NS      | $220748206.05 | 15.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299AW4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       880000 | PA      | $877260.50    | 0.06%             | 2036-01-26      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     10540000 | PA      | $10287405.21  | 0.72%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  53738000000 | PA      | $9631386.14   | 0.67%             | 2034-10-18      | Fixed         | 7.25%                 | 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      | $704252.86    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Colombia                                   | Colombia Titulos de Tesoreria, Series B                | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  95554000000 | PA      | $24527279.05  | 1.71%             | 2033-02-09      | Fixed         | 13.25%                | 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      | $-119133.70   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     15613261 | PA      | $868723.56    | 0.06%             | 2033-02-08      | Fixed         | 9.25%                 | 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      | $-485628.95   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                           | Uruguay Government Bond                                | CUSIP: 917288BL5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   1439542242 | PA      | $38314309.24  | 2.68%             | 2040-07-02      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     25388735 | PA      | $2076469.70   | 0.14%             | 2027-02-16      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Kingdom of Norway                                      | Norway Government Bond                                 | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |    680209000 | PA      | $66504510.51  | 4.64%             | 2026-02-19      | 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      | $1171925.13   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                      | India Government Bond                                  | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   2024200000 | PA      | $24463859.02  | 1.71%             | 2029-04-18      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Federative Republic of Brazil                          | Brazil Notas do Tesouro Nacional                       | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    130494000 | PA      | $20188644.33  | 1.41%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                                    | Foreign Exchange USD/JPY                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    140984000 | PA      | $1280744.75   | 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      | $-99785.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                      | Ghana Government Bond                                  | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     12847928 | PA      | $686876.73    | 0.05%             | 2034-02-07      | Fixed         | 9.40%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                     | Panama Government Bond                                 | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      4920000 | PA      | $3767344.02   | 0.26%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer