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Investment Type: coli

Franklin Strategic Income VIP Division

Portfolio Composition

  as of 02/29/2024
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Asset Type Net Short Long U.S. Bonds 97.33% 2.77%   100.1%   Non-U.S. Bonds 15.71% 0.0%   15.71%   Other 0.8% 0.0%   0.8%   Preferred 0.08% 0.0%   0.08%   U.S. Stocks 0.02% 0.0%   0.02%   Cash -13.94% 17.21%   3.27%   Total 100%

Top 10 Holdings   as of 02/29/2024    What's this? % of Net Assets 5 Year Treasury Note Future June 24 5.77 United States Treasury Notes 4% 3.85 United States Treasury Notes 1.5% 3.29 Government National Mortgage Association 2% 2.96 Federal National Mortgage Association 5.5% 2.15 Federal Home Loan Mortgage Corp. 4.5% 1.94 Ultra 10 Year US Treasury Note Future June 24 1.72 10 Year Treasury Note Future June 24 1.60 Franklin IFT Money Market 1.42 United States Treasury Notes 3.875% 1.38 Total*: 26.09 *Values may exceed 100% if both long and short positions are included in the portfolio	Morningstar Style Box™   as of 02/29/2024    What's this?
Credit Analysis   as of 12/31/2023    What's this? % Bonds AAA 4.43 AA 34.13 A 10.34 BBB 19.00 BB 15.70 B 11.62 Below B 1.83 Not Rated 2.95	Statistics   as of 02/29/2024 Average Eff Duration (yrs): 3.79 Average Eff Maturity (yrs): 5.11 Avg Weighted Coupon: 4.80 Avg Weighted Price: $94.42
Analysis   as of 02/29/2024 Turnover Ratio: 63.64% # Stock Holdings: 3 # Bond Holdings: 584 # Other Holdings: 21 Total # of Holdings: 608

© 2024 Morningstar, Inc. All Rights Reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. The initial offering of Executive Variable Universal Life (Executive VUL) was May 28, 2002. The initial offering of Benefit Variable Universal Life (Benefit VUL) was September, 2002. The initial offering of PrinFlex® Life was February 7, 1997. The initial offering of Principal Variable Universal Life (VUL) Income was August 23, 2004. The initial offering of Principal Variable Universal Life (VUL) Income Plus, the VUL Income with the Surrender Charge Adjustment Rider, was February 18, 2006. The initial offering of Principal Variable Universal Life (VUL) Accumulator II was February 11, 2003. The initial offering of Variable Universal Life Accumulator was November 19, 2001. The initial offering of Flex Variable Life Insurance was November 1, 1988. The initial offering of Survivorship Variable Universal Life was July 1, 1999. The initial offering of The Principal Variable Annuity was June 16, 1994. The initial offering of Principal Freedom Variable Annuity was April 30, 1999. The initial offering of The Principal Investment Plus Variable Annuity was January 4, 2005. The initial offering of Principal Freedom Variable Annuity 2 was September 18, 2006. The initial offering of Principal Variable Universal Life (VUL) Income II was 07/03/2008. The initial offering of Executive Variable Universal Life II (Executive VUL II) was October 3, 2008. The initial offering of Benefit Variable Universal Life II (Benefit VUL II) was October 3, 2008. Some of the underlying funds into which the divisions invest were offered prior to these dates. Inception dates are noted. This material is authorized for distribution to prospective investors only when preceded or accompanied by a current prospectus for the Variable Universal Life product or Variable Annuity product and the underlying investment options. Insurance products from the Principal Financial Group® are issued by Principal National Life Insurance Company (except in New York) and Principal Life Insurance Company. Securities offered through Principal Securities, Inc., 800-247-9988, member SIPC. Principal National, Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, IA 50392. Not FDIC Insured May Lose Value - Not a Deposit - No Bank Guarantee Not Insured by any Federal Government Agency

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The Bloomberg US Universal Index measures the performance of USD-denominated, taxable bonds that are rated either investment grade or high-yield. It represents the union of the U.S. Aggregate Index, U.S. Corporate High Yield Index, Investment Grade 144A Index, Eurodollar Index, U.S. Emerging Markets Index, and the non-ERISA eligible portion of the CMBS Index. These calculated returns reflect the historical performance of the oldest share class of the fund, adjusted to reflect a portion of the fees and expenses of this share class. For time periods prior to inception date of the fund, predecessor performance is reflected. Please see the fund's prospectus for more information on specific expenses, and the fund's most recent shareholder report for actual date of first sale. Expenses are deducted from income earned by the fund. As a result, dividends and investment results will differ for each share class. High yield investment options are subject to greater credit risk and volatility that is associated with high yield bonds. Fixed-income investment options are subject to interest rate risk, and their value will decline as interest rates rise. Neither the principal of bond investment options nor their yields are guaranteed by the U.S. government.