Franklin Templeton Variable Insurance Products Trust
09/26/2024 | Press release | Distributed by Public on 09/26/2024 07:31
Summary Prospectus by Investment Company - Form 497K
GOF P14 09/24
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
TEMPLETON FUNDS
TEMPLETON GROWTH FUND, INC.
SUPPLEMENT DATED SEPTEMBER 26, 2024
TO THE SUMMARY PROSPECTUS, PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION ("SAI")
OF EACH FUND LISTED IN SCHEDULE A
Effective September 26, 2024, the following changes are made to the Summary Prospectus, Prospectus and SAI of each fund listed in Schedule A:
1)The following sentence is added to the end of the section titled "Fund Summary - Portfolio Managers" in each fund's Summary Prospectus and Prospectus:
It is anticipated that Mr. Moeschter will retire and step down as a member of the Fund's portfolio management team effective December 31, 2024.
2)The following sentence is added to the end of the section titled "Fund Details - Management" in each fund's Prospectus:
It is anticipated that Mr. Moeschter will retire and step down as a member of the Fund's portfolio management team effective December 31, 2024.
3)The following footnote is added to all references to Peter M. Moeschter in the section titled "Management and Other Services - Portfolio managers" in each fund's SAI:
*It is anticipated that Mr. Moeschter will retire and step down as a member of the Fund's portfolio management team effective December 31, 2024.
SCHEDULE A
|
Fund |
Date of Summary |
|
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST |
|
|
Templeton Growth VIP Fund |
May 1, 2024 |
|
TEMPLETON FUNDS |
|
|
Templeton Foreign Fund |
January 1, 2024 |
|
Templeton World Fund |
January 1, 2024 |
|
TEMPLETON GROWTH FUND, INC. |
|
|
Templeton Growth Fund, Inc |
January 1, 2024 |
Please retain this supplement for future reference.