Franklin Templeton Variable Insurance Products Trust
09/26/2024 | Press release | Distributed by Public on 09/26/2024 07:33
Summary Prospectus by Investment Company - Form 497K
GOF P16 09/24
FRANKLIN INVESTORS SECURITIES TRUST
FRANKLIN STRATEGIC SERIES
FRANKLIN TEMPLETON ETF TRUST
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
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 30, 2024, the following changes are made to the Summary Prospectus, Prospectus and SAI of each fund listed in Schedule A:
1.The following is added to the section titled "Fund Summary - Portfolio Managers" in each fund's Summary Prospectus and Prospectus:
Michael V. Salm
Portfolio Manager of Advisers and portfolio manager of the Fund since September 2024.
2.The following is added to the section titled "Fund Details - Management" in each fund's Prospectus:
Michael V. Salm Portfolio Manager of Advisers
Mr. Salm has been a portfolio manager of the Fund since September 2024. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Salm was a portfolio manager for Putnam Investment Management, LLC.
3.The following is added to the section titled "Management and Other Services - Portfolio managers"in each fund's SAI:
|
Name |
Type of |
Number of Accounts Managed |
Total Assets Managed (x $1 million) |
Number of Accounts Managed for which Advisory Fee is Performance-Based |
Assets Managed for which Advisory Fee is Performance-Based (x $1 million) |
|
Michael V. Salm* |
Registered Investment Companies |
21 |
15,453.5 |
1 |
599.3 |
|
Other Pooled Investment Vehicles |
26 |
9,532.4 |
None |
None |
|
|
Other Accounts |
8 |
1,484 |
1 |
440.5 |
*Information is provided as of August 31, 2024.
4.The following is added to the section titled "Management and Other Services - Portfolio managers - Ownership of Fund shares" in each fund's SAI:
As of August 31, 2024, Michael V. Salm did not own any shares of the Fund.
SCHEDULE A
|
Fund |
Date of Summary Prospectus, Prospectus and SAI |
|
|
FRANKLIN INVESTORS SECURITIES TRUST |
||
|
Franklin Total Return Fund |
March 1, 2024 |
|
|
FRANKLIN STRATEGIC SERIES |
||
|
Franklin Strategic Income Fund |
September 1, 2024 |
|
|
FRANKLIN TEMPLETON ETF TRUST |
||
|
Franklin U.S. Core Bond ETF |
August 1, 2024 |
|
|
Franklin U.S. Treasury Bond ETF |
August 1, 2024 |
|
|
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST |
||
|
Franklin Strategic Income VIP Fund |
May 1, 2024 |
Please retain this supplement for future reference.