Franklin Rising Dividends VIP Division

Portfolio Composition

as of 01/31/2026

Asset Type	Net	Short	Long
U.S. Stocks	96.07%	0.0%	96.07%
Cash	2.34%	0.0%	2.34%
Non-U.S. Stocks	1.59%	0.0%	1.59%
Total	100%

Top 10 Holdings

as of 01/31/2026

What's this?

% of Net Assets

Microsoft Corp	7.77
Broadcom Inc	5.14
Apple Inc	3.69
JPMorgan Chase & Co	3.23
Walmart Inc	3.21
Visa Inc Class A	3.07
Linde PLC	2.84
Eli Lilly and Co	2.69
Morgan Stanley	2.67
Stryker Corp	2.53

Total*: 36.85

*Values may exceed 100% if both long and short positions are included in the portfolio

Morningstar Style Box™

as of 01/31/2026

What's this?

Stock Sector Breakdown

as of 01/31/2026

What's this?

% of Net Assets

Cyclical

30.35

Basic Materials	5.12
Consumer Cyclical	8.36
Financial Svcs	16.87

Defensive

23.42

Consumer Defensive	5.87
Healthcare	15.25
Utilities	2.30

Sensitive

46.24

Energy	3.16
Industrials	14.16
Technology	28.92

Analysis

as of 01/31/2026

Average Market Cap (mil):	$261,550.90
Price/Earnings Ratio:	23.83
Price/Book Ratio:	5.12
Price/Cash Flow Ratio:	17.65
Turnover Ratio:	20.75%
# Stock Holdings:	56
# Bond Holdings:	0
# Other Holdings:	2
Total # of Holdings:	58

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