# EDGAR Filing Document

**Accession Number:** 0000837274
**File Stem:** 0002071691-25-006434
**Filing Date:** 2025-11
**Character Count:** 35344
**Document Hash:** 1486e313151a049249a05ac2eb9de8e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-006434.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0002071691-25-006434

**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:** 251511799

**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 SMALL CAP VALUE VIP FUND (Series ID: S000007315)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000020098 | Class 1      |  |
| C000020099 | Class 2      |  |
| C000061778 | Class 4      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Franklin Small Cap Value VIP Fund

- **b. EDGAR series identifier (if any):** S000007315

- **c. LEI of Series:** 549300MV3JXN6V8BPD91

**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:** $1119973787.39

**Total Liabilities:** $841690.32

**Net Assets:** $1119132097.07

**Cash Not Reported:** $4277046.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020099 | 1.89%                | 5.49%                | -1.03%               |
| Class ID C000020098 | 1.90%                | 5.53%                | -1.02%               |
| Class ID C000061778 | 1.87%                | 5.51%                | -1.04%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $10203095.65             | $9937922.11                                |
| Month 2  | $13457018.70             | $45052248.40                               |
| Month 3  | $8339683.72              | $-21108412.29                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Group 1 Automotive, Inc.                                 | Group 1 Automotive, Inc.                                 | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |     13014 | NS      | $5693755.14   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs, Inc.                                              | Crocs, Inc.                                              | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     71607 | NS      | $5982764.85   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                                  | Louisiana-Pacific Corp.                                  | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     92394 | NS      | $8208282.96   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.                               | Resideo Technologies, Inc.                               | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    276698 | NS      | $11947819.64  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                                         | TriCo Bancshares                                         | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    309914 | NS      | $13763280.74  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                                     | Meritage Homes Corp.                                     | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     44877 | NS      | $3250441.11   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rosebank Industries plc                                  | Rosebank Industries plc                                  | CUSIP: N/A<br>LEI: 2138005KFPHBAEW69F51       | Long             | EC               | CORP              | JE        |   2077313 | NS      | $10155863.54  | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Camden National Corp.                                    | Camden National Corp.                                    | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |    270631 | NS      | $10443650.29  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC plc                                           | TechnipFMC plc                                           | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |    103898 | NS      | $4098776.10   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Cracker Barrel Old Country Store, Inc.                   | Cracker Barrel Old Country Store, Inc.                   | CUSIP: 22410J106<br>LEI: 8P4PHQIUWPIECBFBW745 | Long             | EC               | CORP              | US        |    162406 | NS      | $7155608.36   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hunting plc                                              | Hunting plc                                              | CUSIP: N/A<br>LEI: 2138008S5FL78ITZRN66       | Long             | EC               | CORP              | GB        |   1727831 | NS      | $7865927.31   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group plc                          | Babcock International Group plc                          | CUSIP: N/A<br>LEI: 213800TSKOLX4EU6L377       | Long             | EC               | CORP              | GB        |    754076 | NS      | $13566200.70  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Mueller Water Products, Inc.                             | Mueller Water Products, Inc., Class A                    | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    515495 | NS      | $13155432.40  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                                         | McGrath RentCorp                                         | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |    110121 | NS      | $12917193.30  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp. (The)                                     | Middleby Corp. (The)                                     | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |    100709 | NS      | $13387247.37  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.                               | Taylor Morrison Home Corp., Class A                      | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     66618 | NS      | $4397454.18   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                                | RXO, Inc.                                                | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |    505494 | NS      | $7774497.72   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings, Inc.               | Knight-Swift Transportation Holdings, Inc., Class A      | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27717 | NS      | $1095098.67   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp.                                             | Bruker Corp.                                             | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     95584 | NS      | $3105524.16   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp.                                              | Brady Corp., Class A                                     | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     56985 | NS      | $4446539.55   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy, Inc.                                           | La-Z-Boy, Inc.                                           | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |    251153 | NS      | $8619570.96   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings, Inc.                           | Victory Capital Holdings, Inc., Class A                  | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |    305720 | NS      | $19798427.20  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp.                                      | Regal Rexnord Corp.                                      | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |    145881 | NS      | $20925170.64  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp.                                                | HNI Corp.                                                | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |    147122 | NS      | $6892665.70   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland, Inc.                                            | Ashland, Inc.                                            | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     40585 | NS      | $1944427.35   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp.                              | Horace Mann Educators Corp.                              | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |    609327 | NS      | $27523300.59  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel, Inc.                                             | Mattel, Inc.                                             | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |   1268545 | NS      | $21349612.35  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp.                                          | Brunswick Corp.                                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    175196 | NS      | $11079395.04  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                                     | UFP Industries, Inc.                                     | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     68626 | NS      | $6415844.74   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp.                       | First Commonwealth Financial Corp.                       | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |    684631 | NS      | $11672958.55  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp.                                    | Ryerson Holding Corp.                                    | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |    494170 | NS      | $11296726.20  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida                        | Seacoast Banking Corp. of Florida                        | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    441625 | NS      | $13438648.75  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap, Inc. (The)                                          | Gap, Inc. (The)                                          | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |   1064635 | NS      | $22772542.65  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                                | CNO Financial Group, Inc.                                | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    739083 | NS      | $29230732.65  | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp.                                  | American Woodmark Corp.                                  | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     78546 | NS      | $5243730.96   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                                            | First Bancorp                                            | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    396941 | NS      | $20994209.49  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources, Inc.                                 | Whitecap Resources, Inc.                                 | CUSIP: 96467A200<br>LEI: 894500UA4G4BTB67II45 | Long             | EC               | CORP              | CA        |   1098106 | NS      | $8379597.41   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                                        | Black Hills Corp.                                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     89636 | NS      | $5520681.24   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                                | Alexander & Baldwin, Inc.                                | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    424602 | NS      | $7723510.38   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                                | Century Communities, Inc.                                | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     34171 | NS      | $2165416.27   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group, Inc. (The)                      | Hanover Insurance Group, Inc. (The)                      | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     63929 | NS      | $11611424.27  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety, Inc.                                         | MSA Safety, Inc.                                         | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     22936 | NS      | $3946597.52   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                                            | Sanmina Corp.                                            | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     37196 | NS      | $4281631.56   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Senior plc                                               | Senior plc                                               | CUSIP: N/A<br>LEI: 5493002HQHWN5JQHKQ51       | Long             | EC               | CORP              | GB        |   6448089 | NS      | $17252010.43  | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| WSFS Financial Corp.                                     | WSFS Financial Corp.                                     | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |    430488 | NS      | $23216217.84  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Elementis plc                                            | Elementis plc                                            | CUSIP: N/A<br>LEI: 549300LQIH685LI2ML36       | Long             | EC               | CORP              | GB        |  10185228 | NS      | $22301065.30  | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Independence Realty Trust, Inc.                          | Independence Realty Trust, Inc.                          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    634129 | NS      | $10393374.31  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS, Inc.                                                | MKS, Inc.                                                | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    237730 | NS      | $29423842.10  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp.                                            | Vontier Corp.                                            | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    660919 | NS      | $27738770.43  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co.                                    | Commercial Metals Co.                                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    536299 | NS      | $30719206.72  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                                          | M/I Homes, Inc.                                          | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     30573 | NS      | $4415964.12   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                           | Wyndham Hotels & Resorts, Inc.                           | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     63134 | NS      | $5044406.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp, Inc.                            | German American Bancorp, Inc.                            | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |    312707 | NS      | $12280003.89  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr. Martens plc                                          | Dr. Martens plc                                          | CUSIP: N/A<br>LEI: 213800QPT8YM6NQZPH28       | Long             | EC               | CORP              | GB        |   7325664 | NS      | $9788245.66   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp.                                  | WillScot Holdings Corp.                                  | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |    115901 | NS      | $2446670.11   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide, Inc.                                      | ACI Worldwide, Inc.                                      | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |    709778 | NS      | $37454985.06  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation, Inc.                                    | Onto Innovation, Inc.                                    | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     72721 | NS      | $9397007.62   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp, Inc.                           | Washington Trust Bancorp, Inc.                           | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     89455 | NS      | $2585249.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                                  | Kite Realty Group Trust                                  | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    331609 | NS      | $7394880.70   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp. plc                               | Gates Industrial Corp. plc                               | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |   1092243 | NS      | $27109471.26  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.                            | Columbia Banking System, Inc.                            | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1030684 | NS      | $26529806.16  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                              | Benchmark Electronics, Inc.                              | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |    485758 | NS      | $18725970.90  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group, Inc.                          | Selective Insurance Group, Inc.                          | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     93483 | NS      | $7578666.81   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations, Inc.                             | Hilton Grand Vacations, Inc.                             | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |    248723 | NS      | $10399108.63  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp.                                            | Knowles Corp.                                            | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    817752 | NS      | $19061799.12  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp.                                        | Boyd Gaming Corp.                                        | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |    188727 | NS      | $16315449.15  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Bank Corp.                                    | SouthState Bank Corp.                                    | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    272530 | NS      | $26945041.10  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Bancorp, Inc.                                    | Peoples Bancorp, Inc.                                    | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183745 | NS      | $5510512.55   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                            | IDACORP, Inc.                                            | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     46807 | NS      | $6185545.05   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem, Inc.                        | First Interstate BancSystem, Inc., Class A               | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    733821 | NS      | $23386875.27  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.                           | Bread Financial Holdings, Inc.                           | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    297041 | NS      | $16565976.57  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                                    | STAG Industrial, Inc.                                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    110648 | NS      | $3904767.92   | 0.35%             |  |  |  | No            |                  1 | 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        |  13012794 | NS      | $13012793.63  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                                   | TTM Technologies, Inc.                                   | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     23992 | NS      | $1381939.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works, Inc.                                  | Bath & Body Works, Inc.                                  | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     44979 | NS      | $1158659.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp.                          | Atlantic Union Bankshares Corp.                          | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    555592 | NS      | $19606841.68  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                                     | Liberty Energy, Inc., Class A                            | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1040912 | NS      | $12844854.08  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions, Inc.                             | Select Water Solutions, Inc., Class A                    | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    848081 | NS      | $9065985.89   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP, Inc.                                                | BRP, Inc.                                                | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |     93265 | NS      | $5670822.95   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp.                                             | Avient Corp.                                             | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |    618840 | NS      | $20390778.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TWFG, Inc.                                               | TWFG, Inc., Class A                                      | CUSIP: 87318A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1819 | NS      | $49913.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos.                                       | Piper Sandler Cos.                                       | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     27921 | NS      | $9688307.79   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                                   | Envista Holdings Corp.                                   | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |   1479660 | NS      | $30140674.20  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                                 | Valmont Industries, Inc.                                 | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     81074 | NS      | $31434822.02  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group plc                                        | QinetiQ Group plc                                        | CUSIP: N/A<br>LEI: 213800S8OBDOZMCMUW34       | Long             | EC               | CORP              | GB        |   4195117 | NS      | $31179366.10  | 2.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Melrose Industries plc                                   | Melrose Industries plc                                   | CUSIP: N/A<br>LEI: 213800RGNXXZY2M7TR85       | Long             | EC               | CORP              | GB        |   2885898 | NS      | $23759241.39  | 2.12%             |  |  |  | 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