Franklin Flex Cap Growth VIP Fund
Data updated: 2026-08-27
C000061775 — Franklin Flex Cap Growth VIP Fund. United States Large Cap Growth Information Technology Equity. Holdings, fees, performance and SEC filings.
C000061775 Fund Overview
Franklin Flex Cap Growth VIP Fund is a US mutual fund managed by Franklin Templeton Variable Insurance Products Trust, categorised as United States Large Cap Growth Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Templeton Variable Insurance Products Trust
- Category: United States Large Cap Growth Information Technology Equity
- Assets under management: $202.95M
- 1-year return: 21.5%
- SEC CIK: 0000837274
- SEC series ID: S000007312
- Share class ID: C000061775
C000061775 Investment Objective and Strategy
Franklin Flex Cap Growth VIP Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Templeton Variable Insurance Products Trust.
Investment objective
Capital appreciation.
Principal investment strategy
"Under normal market conditions, the Fund seeks investments primarily in equity securities of companies that the investment manager believes are leaders in innovation, take advantage of new technologies, have superior management, and benefit from new industry conditions in the dynamically changing global economy. The Fund invests predominantly in common stock. In pursuing these objectives, the investment manager may invest in companies in any economic sector or of any market capitalization both inside and outside of the United States, including emerging markets. The Fund may invest up to 15% of its assets in foreign securities. The Fund may also invest in depositary receipts. Although the investment manager searches for investments across a large number of sectors, it expects to have significant positions in particular sectors.
These sectors may include, for example, information technology (including software and internet), consumer discretionary, communication services and healthcare (including biotechnology). Due to market appreciation, if the market prices of securities held by the Fund rise, the Fund's investment in a sector or the securities of a single company may come to represent a significant portion of the Fund's portfolio. Nevertheless, the investment manager will maintain such a position so long as it believes that the company or sector continues to meet its investment guidelines. While the Fund strives to maintain a diversified portfolio, due to market fluctuations the Fund may at times hold a smaller number of issuers and/or a higher percentage of its assets in one or more issuers than other funds. The investment manager uses fundamental, ""bottom-up"" research to seek companies meeting its criteria of growth potential, quality and valuation.
In seeking sustainable growth characteristics, the investment manager looks for companies that it believes can produce sustainable earnings and cash flow growth, evaluating the long term market opportunity and competitive structure of an industry to target leaders and emerging leaders. In assessing value, the investment manager considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks."
C000061775 Holdings
Top 10 holdings of Franklin Flex Cap Growth VIP Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp. | 11.11% |
| Amazon.com, Inc. | 7.11% |
| Alphabet, Inc. | 6.61% |
| Broadcom, Inc. | 5.05% |
| Microsoft Corp. | 4.39% |
| Apple, Inc. | 4.21% |
| Meta Platforms, Inc. | 3.83% |
| Sandisk Corp. | 3.44% |
| Taiwan Semiconductor Manufacturing Co. Ltd. | 3.22% |
| Lam Research Corp. | 3.09% |
C000061775 Portfolio Allocation
Asset-class allocation of Franklin Flex Cap Growth VIP Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.4% |
| Cash & Equivalents | 1.1% |
C000061775 Performance
Total returns for C000061775 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 11.8% |
| 1 year | 21.5% |
| 3 years (annualised) | 23.5% |
| 5 years (annualised) | 8.5% |
C000061775 Risk Information
Risk metrics for C000061775, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 21.8%
C000061775 Costs and Fees
C000061775 costs about $98 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.98%
- Gross expense ratio: 0.98%
- Portfolio turnover: 37%
- Brokerage commissions: 1.69 bps of average net assets (SEC N-CEN)
C000061775 Cashflows
Over the 12 months to 2026-06, Franklin Flex Cap Growth VIP Fund had net outflows of $3.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $13.16M |
| 2026-05 | $2.89M |
| 2026-04 | $3.99M |
| 2026-03 | −$11.01M |
| 2026-02 | −$487.45K |
| 2026-01 | −$1.22M |
C000061775 Debt Constituents
No individual debt constituents are reported in Franklin Flex Cap Growth VIP Fund's latest SEC N-PORT filing.
C000061775 Prospectus and SEC Filings
Official Franklin Flex Cap Growth VIP Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other United States Large Cap Growth Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.