# EDGAR Filing Document

**Accession Number:** 0000872625
**File Stem:** 0001655589-25-000057
**Filing Date:** 2025-9
**Character Count:** 6642
**Document Hash:** 0bd1245e993596508df730c0bbb10704
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655589-25-000057.hdr.sgml**: 20250930

**ACCESSION NUMBER**: 0001655589-25-000057

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250930

**DATE AS OF CHANGE**: 20250930

**EFFECTIVENESS DATE**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN STRATEGIC SERIES
- **CENTRAL INDEX KEY:** 0000872625

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-39088
- **FILM NUMBER:** 251358413

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-570-3000

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH FUND
- **DATE OF NAME CHANGE:** 19911216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN CALIFORNIA 250 GROWTH INDEX FUND
- **DATE OF NAME CHANGE:** 19910917
**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-23493
- **FILM NUMBER:** 251358414

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

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

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

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

## Series and Classes Contracts Data

### FRANKLIN STRATEGIC INCOME VIP FUND (Series ID: S000007316)

---

|  |  |
|:---|:---|
| Class Name | Class ID   |
| Class 1    | C000020100 |
| Class 2    | C000020101 |
| Class 4    | C000061779 |

---

### FRANKLIN CORE PLUS BOND FUND (Series ID: S000006879)

---

|  |  |  |
|:---|:---|:---|
| Class Name    | Ticker Symbol | Class ID   |
| CLASS A       | FRSTX         | C000018620 |
| CLASS C       | FSGCX         | C000018622 |
| ADVISOR CLASS | FKSAX         | C000018623 |
| CLASS R       | FKSRX         | C000018624 |
| Class R6      | FGKNX         | C000128861 |

---

## Series and Classes Contracts Data

### FRANKLIN STRATEGIC INCOME VIP FUND (Series ID: S000007316)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020100 | Class 1      |  |
| C000020101 | Class 2      |  |
| C000061779 | Class 4      |  |

### FRANKLIN CORE PLUS BOND FUND (Series ID: S000006879)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018620 | CLASS A       | FRSTX           |
| C000018622 | CLASS C       | FSGCX           |
| C000018623 | ADVISOR CLASS | FKSAX           |
| C000018624 | CLASS R       | FKSRX           |
| C000128861 | Class R6      | FGKNX           |

#### GOF-P16 09/25

#### FRANKLIN STRATEGIC SERIES

#### FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST

#### SUPPLEMENT DATED SEPTEMBER 30, 2025

#### TO THE SUMMARY PROSPECTUS, PROSPECTUS AND

#### STATEMENT OF ADDITIONAL INFORMATION ("SAI")

#### OF EACH FUND LISTED IN SCHEDULE A
<br>**Effective September 30, 2025, the following changes are made to the Summary Prospectus, Prospectus and SAI of each fund listed in <u>Schedule A</u>:**

**1) The following replaces references to Benjamin Cryer and Thomas Runkel in the section titled "Fund Summary – Portfolio Managers" in each fund's Summary Prospectus and Prospectus:**

#### Albert Chan, CFA <br> Portfolio Manager of Advisers and portfolio manager of the Fund since September 2025.

#### 2) The following replaces references to Benjamin Cryer and Thomas Runkel in the section titled "Fund Details – Management" in each fund's Prospectus:
**Albert Chan, CFA Portfolio Manager of Advisers**<br>Mr. Chan has been a portfolio manager of the Fund since September 2025. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Chan was a portfolio manager for Putnam Investment Management, LLC ("Putnam Management"). He joined Putnam Management in 2002.

**3) The following replaces references to Benjamin Cryer and Thomas Runkel in the table in the section titled "Management and Other Services – Portfolio managers" in each fund's SAI:** 

------

#### <br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Type of<br>Account** | **Number of**<br>**Accounts**<br>**Managed** | **Total Assets**<br>**Managed**<br>**(x $1 million)** | **Number of Accounts** <br>**Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** | **Assets Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** <br>**(x $1 million)** |
| Albert Chan\* | Registered<br>Investment<br>Companies | 14 | 16616.0 |  |  |
|  | Other Pooled<br>Investment<br>Vehicles | 9 | 1846.0 |  |  |
|  | Other<br>Accounts | 43 | 3219.9 | 1 | 449.1 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\*Information is provided as of August 31, 2025.

**4) The following replaces references to Benjamin Cryer and Thomas Runkel in the table in the section titled "Management and Other Services – Portfolio managers – Ownership of Fund shares" in the SAI of Franklin Core Plus Bond Fund:** 

---

| | |
|:---|:---|
| **Portfolio Manager** | **Dollar Range of Fund Shares Beneficially Owned** |
| Albert Chan\* | None |
| \*Information is provided as of August 31, 2025<br>|  |

---

**5) The following is added to the section titled "Management and Other Services – Portfolio managers – Ownership of Fund shares" in the SAI of Franklin Strategic Income VIP Fund:** 

As of August 31, 2025, Albert Chan did not own any shares of the Fund.

------

#### SCHEDULE A

---

| | |
|:---|:---|
| **Fund** | **Date of Summary Prospectus,** <br>**Prospectus and SAI** |
| **<u>FRANKLIN STRATEGIC SERIES</u>** |  |
| Franklin Core Plus Bond Fund | September 1, 2025 |
| **<u>FRANKLIN TEMPLETON VARIABLE INSURANCE</u>** <br>**<u>PRODUCTS TRUST</u>** |  |
| Franklin Strategic Income VIP Fund | May 1, 2025 |

---

#### Please retain this supplement for future reference.

------