Templeton Global Bond VIP Fund

  • Trading Symbol: FTMEC
  • Prior to May 1, 2014, the Templeton Global Bond VIP Fund was known as the Templeton Global Bond Securities Fund.Prior to May 1, 2014, the Templeton Global Bond VIP Fund was known as the Templeton Global Bond Securities Fund.
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Morningstar® Snapshot*

AS OF 9/30/2014; MORNINGSTAR CATEGORY: WORLD BOND
Returns 5 out of 5, High Returns
LOW AVG HIGH
Risk of this Category Category Risk Rating:4, where 1 is Lower and 10 is Higher
LOWER HIGHER

*Data provided by Morningstar. Please click on the indicator above to learn more about comparison groups and methodology.

Performance

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AS OF 9/30/2014
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FTMEC +3.49% +5.54% -- -- +5.09%
*AS OF 10/30/2014; Value is cumulative
SUBACCOUNT INCEPTION 4/30/2012

Hypothetical Growth of $10,000

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AS OF 09/30/2014; MORNINGSTAR CATEGORY: WORLD BOND
Shows growth of hypothetical $10,000 investment in Templeton Global Bond VIP Fund over the selected time period

The chart illustrates the performance of a hypothetical $10,000 investment made in the fund ten years ago or on commencement of operations (whichever is later). Figures include reinvestment of capital gains and dividends, and reflect the effects of the annual annuity charge and the underlying fund's expenses. Figures do not reflect the effects of any applicable redemption fees, maintenance charges, or surrender fees, which would lower these figures. This chart is not intended to imply any future performance of the fund.

The performance data featured represents past performance, which is no guarantee of future results. Investment returns and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received. Fund performance fluctuates and currently may be significantly higher or lower than stated.

Fund Manager(s)

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Sonal Desai since 5/1/2011 Michael J. Hasenstab since 12/31/2001

Fund Overview

Objective

The investment seeks high current income consistent with preservation of capital; capital appreciation is a secondary objective.

Strategy

The fund invests at least 80% of its net assets in "bonds." Bonds include debt securities of any maturity, such as bonds, notes, bills and debentures. It invests predominantly in bonds issued by governments and government agencies located around the world. The fund expects to invest at least 40% of its net assets in foreign securities, and may invest without limit in emerging or developing markets. It may invest up to 25% of its total assets in debt securities that are rated below investment grade. The fund is non-diversified.

Details

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Morningstar Category
World Bond
Subaccount Inception
4/30/2012
Unit Value
$11.31
10/30/2014
Turnover Rate
34.39%
12/31/2013
Net Assets ($M)
$83.08
9/30/2014
12 Month Low-High
$10.60 - $11.42
9/30/2014

Top 10 Holdings

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AS OF 9/30/2014
Top 10 Holdings
Poland(Rep Of) 4.75% 3.18%
Ireland(Rep Of) 5% 2.70%
Ireland(Rep Of) 5.4% 1.99%
Portugal(Rep Of) 3.875% 1.55%
Poland(Rep Of) 1.52%
Russian 30 SU-144A 1.52%
Bk Of Korea 2.9% 1.51%
Ukraine Cabinet Of Ministers 9.25% 1.33%
Mexico(Utd Mex St) 8% 1.29%
Korea Monetary Stab Bond 1.28%
% of Total Portfolio 17.89%
Total # of holdings: 233 as of 9/30/2014

Quarter-End Average Annual Total Returns

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AS OF 9/30/2014; *SUBACCOUNT INCEPTION 4/30/2012 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.76% AS OF 5/1/2014
1 Yr 3 Yr 5 Yr 10 Yr Life*
Templeton Global Bond VIP Fund 5.54% -- -- -- 5.09%

© 2012 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.