Templeton Global Bond VIP Fund

  • Trading Symbol: FTMEC
  • Information
    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 3/31/2016; MORNINGSTAR CATEGORY: WORLD BOND
Returns 4 out of 5, Above Average 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.

Performance

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AS OF 3/31/2016
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
FTMEC -1.35% -5.49% -1.33% -- +1.27%
*AS OF 4/29/2016; Value is cumulative
SUBACCOUNT INCEPTION 4/30/2012

Hypothetical Growth of $10,000

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AS OF 03/31/2016; 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and the principal value of a variable annuity will fluctuate; therefore, you may have a gain or loss when money is withdrawn or received.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.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
This Fund -- -- -- -- -- -- -- 1.37% 1.58% -4.54% -0.88%
Benchmark 5.94% 10.81% 12.00% 1.90% 6.42% 7.22% 1.30% -4.50% 0.67% -2.61% 6.74%
Benchmark-2 6.12% 10.95% 10.89% 2.55% 5.17% 6.35% 1.65% -4.00% -0.48% -3.57% 7.09%
Category 4.68% 7.03% 1.74% 10.65% 7.11% 2.00% 6.99% -3.56% 0.58% -5.00% 1.54%
+/- Benchmark -- -- -- -- -- -- -- 5.87% 0.91% -1.93% -7.62%
+/- Benchmark-2 -- -- -- -- -- -- -- 5.37% 2.06% -0.97% -7.97%
+/- Category -- -- -- -- -- -- -- 4.93% 1.00% 0.46% -2.42%

Fund Manager(s)

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

Fund Overview

Objective

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

Strategy

Under normal market conditions, 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. The fund invests predominantly in bonds issued by governments and government agencies located around the world. Under normal market conditions, the Advisor expects to invest at least 40% of its net assets in foreign securities, and may invest without limit in emerging or developing markets. It is non-diversified.

Risk

Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which may be magnified in emerging markets. The fund may invest in lower-quality debt securities that involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Details

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Morningstar Category
World Bond
Subaccount Inception
4/30/2012
Unit Value
$10.46
4/29/2016
Turnover Rate
51.58%
12/31/2015
Net Assets ($M)
$67.08
3/31/2016
12 Month Low-High
$9.95 - $11.27
4/30/2016

Top 10 Holdings

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AS OF 3/31/2016
Top 10 Holdings
United Mexican States 7.62435% 5.06%
Mexico(Utd Mex St) 7.75% 4.05%
Secretaria Tesouro Nacl 10% 2.70%
Portugal(Rep Of) 3.875% 1.44%
Korea Monetary Stab Bond 1.38%
Korea(Republic Of) 2% 1.25%
Malaysia (Govt Of) 3.314% 1.14%
India(Govt Of) 9.15% 1.14%
Malaysia (Govt Of) 4.012% 1.11%
Indonesia(Rep Of) 12.8% 1.05%
% of Total Portfolio 20.31%
Total # of holdings: 209 as of 3/31/2016

Quarter-End Average Annual Total Returns

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AS OF 3/31/2016; *SUBACCOUNT INCEPTION 4/30/2012 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
0.76% AS OF 5/1/2015
1 Yr 3 Yr 5 Yr 10 Yr Life*
Templeton Global Bond VIP Fund -5.49% -1.33% -- -- 1.27%
JPM Global Govt Bond Idx 5.85% 0.93% 1.54% 4.51% --
CG WGBI 5.92% 0.49% 1.16% 4.19% --
World Bond -3.32% -1.82% 0.21% 3.07% --

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