# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0002071691-25-006500
**Filing Date:** 2025-11
**Character Count:** 50926
**Document Hash:** 3c1535933005038f6f6f8180b115623d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006500.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006500

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**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:** 251511886

**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:** 2025-09-30

**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:** $1448063397.80

**Total Liabilities:** $8957054.67

**Net Assets:** $1439106343.13

**Cash Not Reported:** $680630.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -30325.77000000 | **5-Year:** -148369.20000000 | **10-Year:** -233073.94000000 | **30-Year:** -4841.31000000

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

- **3-Month:** -178.78000000 | **1-Year:** -9823.49000000 | **5-Year:** -53985.82000000 | **10-Year:** -98268.49000000 | **30-Year:** -37693.90000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000061787 | -2.13%               | 2.57%                | 1.59%                |
| Class ID C000020120 | -2.12%               | 2.62%                | 1.60%                |
| Class ID C000020121 | -2.10%               | 2.62%                | 1.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $407994.60               | $-17369609.71                              |
| Month 2  | $189489.65               | $22495167.04                               |
| Month 3  | $5154609.82              | $13286646.61                               |

**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      | $13164132.37  | 0.91%             | 2030-02-28      | 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      | $738485.86    | 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        |  10374000000 | PA      | $1832731.03   | 0.13%             | 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      | $-25699.99    | -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      | $18896026.48  | 1.31%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      8413209 | PA      | $460913.81    | 0.03%             | 2037-02-03      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                     | Colombia Government Bond                                 | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |    576000000 | PA      | $145722.79    | 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      | $14688089.46  | 1.02%             | 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      | $22000482.45  | 1.53%             | 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      | $22793895.59  | 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        |     23825673 | PA      | $1555959.92   | 0.11%             | 2029-02-13      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Foreign Exchange USD/JPY                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |   -179908000 | PA      | $-712884.89   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     82656000 | PA      | $19845651.79  | 1.38%             | 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        |    775683000 | PA      | $75607591.20  | 5.25%             | 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      | $5946.03      | 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      | $-104519.71   | -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      | $-233328.02   | -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      | $6775627.88   | 0.47%             | 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      | $16680.25     | 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      | $-98196.34    | -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      | $186064.10    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of India                                        | India Government Bond                                    | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   3641200000 | PA      | $42391193.75  | 2.95%             | 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      | $10773439.53  | 0.75%             | 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      | $4476971.69   | 0.31%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     23099657 | PA      | $1394667.42   | 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      | $20364.07     | 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      | $-1156201.92  | -0.08%            |  |  |  | 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      | $31592831.18  | 2.20%             | 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      | $-148569.24   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |    209830000 | PA      | $50711789.69  | 3.52%             | 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      | $21957154.63  | 1.53%             | 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      | $9036739.65   | 0.63%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                                       | Panama Government Bond                                   | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |     25610000 | PA      | $29210766.00  | 2.03%             | 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      | $3670800.09   | 0.26%             | 2031-03-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Foreign Exchange USD/JPY                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |     89954000 | PA      | $23039.25     | 0.00%             |  |  |  | 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      | $19487624.33  | 1.35%             | 2037-11-20      | 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        |  62065600000 | PA      | $15629176.11  | 1.09%             | 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        |     11018275 | PA      | $606897.45    | 0.04%             | 2036-02-05      | Fixed         | 9.70%                 | 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      | $100155.86    | 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      | $353916.85    | 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        |  37868000000 | PA      | $8555892.52   | 0.59%             | 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      | $6413320.70   | 0.45%             | 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      | $19296128.00  | 1.34%             | 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        |     15719022 | PA      | $922106.34    | 0.06%             | 2032-02-10      | Fixed         | 9.10%                 | 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      | $153755.36    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     47374000 | PA      | $11847739.85  | 0.82%             | 2030-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     41250000 | PA      | $10041692.21  | 0.70%             | 2029-08-15      | Fixed         | 3.88%                 | 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      | $6132.32      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     18645729 | PA      | $1280787.82   | 0.09%             | 2028-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Kingdom of Spain                                         | Spain Government Bond                                    | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |     29290000 | PA      | $34256734.56  | 2.38%             | 2035-04-30      | Fixed         | 3.15%                 | 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      | $16796015.20  | 1.17%             | 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      | $3951996.84   | 0.27%             | 2033-03-08      | Fixed         | 2.00%                 | 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      | $30986267.13  | 2.15%             | 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      | $16388684.91  | 1.14%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Queensland Treasury Corp.                                | Queensland Treasury Corp.                                | CUSIP: N/A<br>LEI: 98INKCEEHOU5YJS0HQ88       | Long             | DBT              | NUSS              | AU        |     52103000 | PA      | $26939635.38  | 1.87%             | 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      | $25306.69     | 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      | $-1212529.15  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Kingdom of Spain                                         | Spain Government Bond                                    | CUSIP: N/A<br>LEI: 9598007A56S18711AH60       | Long             | DBT              | NUSS              | ES        |     23831000 | PA      | $29023233.61  | 2.02%             | 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      | $5792788.51   | 0.40%             | 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      | $-15444.16    | -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      | $1273738.63   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                                       | Panama Government Bond                                   | CUSIP: 698299BR4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       800000 | PA      | $688960.00    | 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      | $1793552.74   | 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      | $6113022.39   | 0.42%             | 2032-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Colombia                                     | Colombia Titulos de Tesoreria, Series B                  | CUSIP: N/A<br>LEI: 549300MHDRBVRF6B9117       | Long             | DBT              | NUSS              | CO        |  24227000000 | PA      | $4955864.26   | 0.34%             | 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      | $9227.46      | 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      | $-48467.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     56390000 | PA      | $13502348.81  | 0.94%             | 2027-05-31      | 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      | $1888.95      | 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      | $-96143.55    | -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      | $-106909.55   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                    | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     11120000 | PA      | $10062059.44  | 0.70%             | 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      | $665878.72    | 0.05%             | 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      | $-2513225.81  | -0.17%            |  |  |  | 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      | $20201696.50  | 1.40%             | 2034-11-20      | Fixed         | 2.25%                 | 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      | $8356.52      | 0.00%             |  |  |  | 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      | $27048613.04  | 1.88%             | 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      | $31305529.82  | 2.18%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |      7175324 | PA      | $398783.03    | 0.03%             | 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      | $4097747.18   | 0.28%             | 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        |     21035838 | PA      | $1316529.86   | 0.09%             | 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      | $32500613.03  | 2.26%             | 2040-01-31      | Fixed         | 9.00%                 | 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      | $-87198.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                      | Foreign Exchange USD/JPY                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    449769000 | PA      | $1252380.66   | 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      | $238652.30    | 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      | $14238.27     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     68750000 | PA      | $16537162.74  | 1.15%             | 2026-11-30      | Fixed         | 3.90%                 | 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      | $150601.62    | 0.01%             |  |  |  | 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      | $71828763.92  | 4.99%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Republic of Panama                                       | Panama Government Bond                                   | CUSIP: 698299BN3<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      2940000 | PA      | $2385663.00   | 0.17%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| European Investment Bank                                 | European Investment Bank                                 | CUSIP: N/A<br>LEI: 5493006YXS1U5GIHE750       | Long             | DBT              | NUSS              | IN        |    843400000 | PA      | $9343030.60   | 0.65%             | 2030-07-11      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hellenic Republic                                        | Greece Government Bond                                   | CUSIP: N/A<br>LEI: 2138003EKTMKZ5598902       | Long             | DBT              | NUSS              | GR        |      8044000 | PA      | $10165202.51  | 0.71%             | 2033-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |      5820000 | PA      | $1401207.27   | 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      | $14839618.02  | 1.03%             | 2047-01-31      | 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      | $-23864.84    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                 | U.S. Treasury Notes                                      | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     13001100 | PA      | $13150409.57  | 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      | $12805689.13  | 0.89%             | 2033-08-22      | 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      | $-716906.29   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Federation of Malaysia                                   | Malaysia Government Bond                                 | CUSIP: N/A<br>LEI: 254900GSIL471JOBYY43       | Long             | DBT              | NUSS              | MY        |     15880000 | PA      | $3831603.26   | 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      | $113992648.14 | 7.92%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arab Republic of Egypt                                   | Egypt Government Bond                                    | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      4820000 | PA      | $4307210.51   | 0.30%             | 2051-09-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Franklin Institutional U.S. Government Money Market Fund | Franklin Institutional U.S. Government Money Market Fund | CUSIP: 457756500<br>LEI: 549300M4TP89K77LG374 | Long             | STIV             | RF                | US        |    191618477 | NS      | $191618477.33 | 13.32%            |  |  |  | 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      | $5625.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Panama                                       | Panama Government Bond                                   | CUSIP: 698299AW4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |       880000 | PA      | $931304.00    | 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      | $10911008.00  | 0.76%             | 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      | $10615214.01  | 0.74%             | 2034-10-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Foreign Exchange USD/JPY                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |    179908000 | PA      | $199019.82    | 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        |  95554000000 | PA      | $26377048.41  | 1.83%             | 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      | $-12059.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     13783261 | PA      | $790128.20    | 0.05%             | 2033-02-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                      | Foreign Exchange USD/JPY                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |   -449769000 | PA      | $-293922.44   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                             | Uruguay Government Bond                                  | CUSIP: 917288BL5<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |   1438796321 | PA      | $38678908.68  | 2.69%             | 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        |     19833635 | PA      | $1444772.32   | 0.10%             | 2027-02-16      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Republic of India                                        | India Government Bond                                    | CUSIP: N/A<br>LEI: 335800IV7VCDQGIOI391       | Long             | DBT              | NUSS              | IN        |   1222620000 | PA      | $14230235.82  | 0.99%             | 2029-04-18      | Fixed         | 7.10%                 | 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      | $-94294.49    | -0.01%            |  |  |  | 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      | $20740072.87  | 1.44%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Republic of Ghana                                        | Ghana Government Bond                                    | CUSIP: N/A<br>LEI: 213800PP4399SNNXZ126       | Long             | DBT              | NUSS              | GH        |     12847928 | PA      | $723511.86    | 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      | $3992334.00   | 0.28%             | 2032-09-29      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

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

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer