0001379491-13-000215.txt : 20130411
0001379491-13-000215.hdr.sgml : 20130411
20130411144328
ACCESSION NUMBER: 0001379491-13-000215
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 6
FILED AS OF DATE: 20130411
DATE AS OF CHANGE: 20130411
EFFECTIVENESS DATE: 20130411
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST
CENTRAL INDEX KEY: 0000837274
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 033-23493
FILM NUMBER: 13755956
BUSINESS ADDRESS:
STREET 1: ONE FRANKLIN PARKWAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403-1906
BUSINESS PHONE: 650-312-2000
MAIL ADDRESS:
STREET 1: ONE FRANKLIN PARKWAY
CITY: SAN MATEO
STATE: CA
ZIP: 94403-1906
FORMER COMPANY:
FORMER CONFORMED NAME: FRANKLIN VALUEMARK FUNDS
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: FRANKLIN VALUEMARK ANNUITY FUNDS
DATE OF NAME CHANGE: 19881129
0000837274
S000040299
Franklin Managed Volatility Global Allocation VIP Fund
C000125190
Class 5
497
1
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00008372742013-04-012013-04-010000837274ftvip:S000040299Member2013-04-012013-04-010000837274ftvip:S000040299Memberftvip:C000125190Member2013-04-012013-04-01
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0000837274FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUSTOther2013-04-112013-04-012013-04-11false2013-04-01~ http://xbrl.sec.gov/rr/role/RiskReturnDetail column period compact * row primary compact * ~Fund SummaryInvestment GoalTotal return (including income and capital gains) while seeking to manage volatility.Fees and Expenses of the FundThis table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. The table and the example do not include any fees or sales charges imposed by variable insurance contracts, qualified retirement plans or funds of funds. If they were included, your costs would be higher.<div><p>ANNUAL FUND OPERATING EXPENSES</p><p>(expenses that you pay each year as a percentage of the value of your investment)</p></div>~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact ftvip_S000040299Member column rr_ProspectusShareClassAxis compact * row primary compact * ~0.01000.00100.00400.00100.01720.0105ExampleThis Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects adjustments made to the Fund's operating expenses due to the fee waiver and/or expense reimbursement by management for the 1 Year numbers only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:107466~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact ftvip_S000040299Member column rr_ProspectusShareClassAxis compact * row primary compact * ~Portfolio Turnover<div><p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual Fund operating expenses or in the example, affect the Fund's performance.</p></div>Principal Investment Strategies<div><p>Under normal market conditions, the Fund seeks to achieve its investment goal by using an asset allocation strategy that seeks to diversify the Fund's portfolio across global asset classes (principally global equity and global fixed income securities), regions and sectors while seeking to limit the expected volatility of the Fund's returns to about 10% or less per year. Currently, the Fund intends to seek a target volatility of 9% or less per year ("Target Volatility"). This strategy may result in the Fund outperforming the general securities market during periods of flat or negative market performance, and underperforming the general securities market during periods of positive market performance. <i>There is no guarantee that the Fund will achieve its Target Volatility.</i></p><p><b>The Fund’s Target Volatility is <u>not</u> a total return <i>performance </i>target – the Fund does not expect, nor does it represent, that its total return performance will be within any specified range. It is possible that the Fund could achieve its Target Volatility while having negative performance returns. Also, efforts to manage the Fund's volatility could limit the Fund's gains in rising markets, may expose the Fund to costs to which it would otherwise not have been exposed, and if unsuccessful may result in substantial losses.</b></p><p>Under normal market conditions, the Fund invests principally in a diversified portfolio of stocks and other equity securities (including unaffiliated exchange-traded funds (ETFs) and mutual funds), bonds and other debt securities (fixed income), and short-term (money market) investments allocated across the following broad asset classes, in approximately the following baseline percentages (plus or minus 5%):</p><p>55% Global Equity (U.S./International/Emerging Markets)</p><p>37% Global Fixed Income (U.S./International)</p><p>5% Commodity-Linked Instruments</p><p>3% Cash, Cash Equivalents and Money Market Securities</p><p>At the discretion of the investment manager the above allocations (including sub-allocations within each asset class) may vary from time to time, <i>e.g., </i>based on market conditions, the investment manager’s assessment of an asset class' relative attractiveness as an investment opportunity, or as part of the managed volatility strategy. While changes in the allocation of the broad asset classes above are expected to be infrequent, at any given time, the Fund may be invested substantially or entirely in equity securities, global fixed income securities or cash and cash equivalents. However, emerging market equity, emerging market debt, and commodity-linked instruments are each intended to be limited to no more than 5% of the Fund’s net assets and to 10% of the Fund’s net assets in the aggregate.</p><p>The Fund employs a managed volatility strategy, or volatility control process, principally by focusing on investments that the investment manager believes offer attractive returns relative to the risks assumed and by hedging through the use of derivatives. The managed volatility strategy seeks to stabilize the total return volatility of the Fund around its Target Volatility level and to reduce the downside risk of the Fund during periods of significant and sustained market declines. In this context, "volatility" is a statistical measurement of the frequency and level of up and down fluctuations in the value of the Fund's returns over time. Volatility may result in rapid and dramatic price swings. Volatility, in other words, represents the average annual deviation of the Fund's return around the average Fund return.</p><p>In seeking to manage the Fund’s volatility, the investment manager chooses core investments including low volatility stocks (currently largely through equity ETFs that seek to replicate certain low volatility stock indices) and adjusts its asset allocations in response to periods of high or low expected volatility (“bottom up” risk reduction investment strategies). In addition, the investment manager uses a “top-down,” hedging strategy that also seeks to reduce risk, using derivatives instruments (principally stock index and government bond futures). For example, when a particular asset class or classes appear to present high future volatility, reduction in the exposure to such classes would typically be sought; when such volatility appears to be reduced then exposure would typically be increased. The Fund’s exposure to various asset classes may be adjusted through the use of derivatives as often as daily or may not be adjusted for extended periods of time. The timing and extent of such adjustments are within the sole discretion of the investment manager. The volatility strategy may cause the Fund’s effective exposure to certain asset classes to be greater or lesser than its direct investments.</p><p>While there can be no guarantee that the Fund will achieve its Target Volatility, the investment manager will regularly use exchange-traded futures contracts and currency forwards to seek to manage the overall volatility of the Fund. Even in periods of low volatility in the equity markets, the investment manager may continue to use futures and forwards to seek to preserve gains after favorable market conditions and reduce losses in adverse market conditions. In situations of extreme market volatility, the futures and forwards could significantly reduce the Fund’s net economic exposure to equity securities. The Fund’s investment in futures and forwards and their accompanying costs could limit the Fund’s gains in rising markets relative to those of unhedged funds in general.</p><p>With respect to the Fund’s global equity investments, the Fund may invest in equity securities of U.S. and non-U.S. companies in any industry and of any market capitalization through direct investments, ETFs or mutual funds. The Fund currently intends to focus principally in unaffiliated ETFs that use an active portfolio process to select stocks the performance of which are intended to correspond to specific low volatility domestic and international low volatility indices. The emerging markets sub-set of the global equity strategy will invest predominantly in equity securities of companies located in emerging market countries, applying a fundamental research, value-oriented, long-term approach.</p><p>Overall, the Fund expects to have significant exposure to foreign securities.</p><p>With respect to the Fund’s global fixed-income investments, the Fund will invest predominantly in debt securities issued by governments and government agencies located around the world.</p><p>With respect to its cash investments, the Fund expects to hold high quality money market securities, including U.S. Government securities, U.S. Government agency securities, bank obligations, commercial paper, repurchase agreements and affiliated money market funds.</p><p>With respect to the Fund’s commodity investments, the investment manager currently intends to purchase exchange-traded notes (ETNs) to gain exposure to commodities. The ETNs are designed to provide investors, such as the Fund, with a cost-effective investment in broad-based commodities, as measured by various recognized commodity indices.</p><p>With respect to the Fund's derivative investments, for hedging or investment purposes, the Fund may enter into various transactions involving complex instruments that include but are not limited to, currency forwards, interest rate/bond futures, equity index futures, and exchange-traded notes (ETNs). The managed volatility strategy regularly uses stock index futures, interest rate/bond futures, and currency forwards for hedging purposes, while in the global fixed income portion of the Fund’s portfolio, the Fund may, from time to time, use interest rate/bond futures and currency forwards for both hedging and investment purposes. Derivative instruments can be used to adjust or obtain net long or net negative (short) exposure to various asset classes, regions, currencies, sectors or securities for hedging or investment purposes, or to otherwise manage the Fund’s volatility.</p><p>In connection with the Fund’s managed volatility strategy, the investment manager uses a combination of proprietary and third-party risk modeling systems to help it estimate the expected volatility of the Fund’s portfolio on a daily basis. Based on those estimates, the investment manager adjusts the Fund’s exposure to certain markets and asset classes (through derivatives or other investments) in an attempt to manage the Fund’s expected volatility. The Fund may, from time to time, have a net short position in certain asset classes, regions, currencies and sectors.</p><p>The Fund is structured as a multi-manager fund, with the investment manager responsible for the Fund's overall asset allocation, investment strategies including the managed volatility strategy, and investment performance monitoring; managing portions of the Fund's portfolio; and managing the commodity-linked instruments. The investment manager sub-contracts with various other investment managers within Franklin Templeton Investments (the "Sub-Advisors") who currently independently manage the following separate portions of the Fund’s portfolio: (1) the emerging markets sub-set of the global equity portion; and (2) the global fixed income portion.</p></div>Principal Risks<div><p>You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.</p><p>Market</p><p>The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security’s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.</p><p>Stock prices tend to go up and down more dramatically than those of debt securities. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.</p><p>Managed Volatility Strategy</p><p>There can be no guarantee that the Fund will achieve its Target Volatility; moreover, achieving the Fund's Target Volatility does not ensure the Fund will achieve a positive or competitive return. The actual volatility that the Fund experiences may be significantly higher or lower than its Target Volatility. For example, actual realized annual volatility can be expected to exceed the Target Volatility periodically, and this can result in negative returns (losses) that persist beyond one year. In addition, the managed volatility strategy could limit the Fund’s gains in rising markets, may expose the Fund to costs to which it would otherwise not have been exposed and, if unsuccessful, may cause the Fund to experience substantial losses greater than what the Fund might have experienced had such strategy not been implemented at all.</p><p>In seeking to manage the Fund’s portfolio and overall volatility, the investment manager uses proprietary and third-party risk modeling systems. These models use a large amount of data, including third-party data, selected historical returns (and recreations of such returns), and back-tested data over the past ten years. There is no assurance that the modeling systems are complete or accurate, or representative of future market cycles. The results generated by these models may perform differently than expected, and may negatively affect Fund performance and the ability of the Fund to achieve its Target Volatility for various reasons including human judgment that affects the financial algorithms and formulas used in these models, imprecise or stale historical data, non-quantitative factors (such as market/ trading system dysfunctions, investor over-reaction or other emotional considerations), or technical issues with the construction and implementation of quantitative models. The Fund may lose more (and significantly more) than it would have lost had the managed volatility strategy or the risk models not been used. In addition, in periods of extreme markets, the Fund’s managed volatility strategy may not protect fully against market decline, realized or actual volatility can be higher than the Target Volatility, and the Fund could be exposed to large losses regardless of its managed volatility strategy.</p><p>Interest Rate</p><p>When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.</p><p>Credit</p><p>An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value.</p><p>Investing in ETFs and Other Mutual Funds</p><p>Because the Fund invests to a large extent in ETFs and other mutual funds, the Fund’s performance is directly related to the performance of the underlying ETFs and other mutual funds held by it. Investing in ETFs and other mutual funds may be more costly to the Fund than if the Fund had invested in the underlying securities directly. Shareholders of the Fund will indirectly bear the fees and expenses (including management and advisory fees and other expenses) of the underlying ETFs and other mutual funds. In addition, the Fund pays brokerage commissions in connection with the purchase and sale of shares of ETFs.</p><p>The Fund's investments in ETFs may subject the Fund to additional risks than if the Fund would have invested directly in the ETFs’ underlying securities. These risks include the possibility that an ETF may experience a lack of liquidity; an ETF may trade at a premium or discount to its net asset value; or an investment in an ETF may not achieve its intended purposes or may reduce the diversification benefits of the Fund.</p><p>Foreign Securities</p><p>Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.</p><p>Emerging Market Countries</p><p>The Fund’s investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to a lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation.</p><p>Derivative Instruments</p><p>The performance of derivative instruments (including currency-related derivatives) depends largely on the performance of an underlying currency, security or index, and such instruments often have risks similar to their underlying instrument, in addition to other risks. Derivatives involve costs and can create economic leverage in the Fund's portfolio which may result in significant volatility and cause the Fund to participate in losses (as well as gains) in an amount that exceeds the Fund's initial investment. Other risks include illiquidity, mispricing or improper valuation of the derivative instrument, and imperfect correlation between the value of the derivative and the underlying instrument so that the Fund may not realize the intended benefits. When used for hedging, the change in value of the derivative may also not correlate specifically with the currency, security or other risk being hedged. With over-the-counter derivatives, there is the risk that the other party to the transaction will fail to perform.</p><p>Management</p><p>The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results. In addition, the investment manager's allocation of Fund assets among different asset classes, Sub-Advisors, ETFs, mutual funds and direct investments may not prove beneficial in light of subsequent market events.</p><p>Commodities</p><p>Although it is anticipated that the Fund will only have a 5% allocation of its assets to commodities, investing in physical commodities, either directly or through complex securities such as ETNs, presents unique risks. Investing in physical commodities, including trading in futures contracts thereon, is speculative and can be extremely volatile. Market prices of commodities may fluctuate rapidly based on numerous factors, including: changes in supply and demand relationships (whether actual, perceived, anticipated, unanticipated, or unrealized); weather; agriculture; trade; domestic and foreign political and economic events and policies; diseases; pestilence; technological developments; and monetary and other governmental policies, action and inaction. The current or "spot" prices of physical commodities may also affect, in a volatile and inconsistent manner, the prices of futures contracts in respect of the relevant commodity. Certain commodities are used primarily in one industry, and fluctuations in levels of activity in (or the availability of alternative resources to) one industry may have a disproportionate effect on global demand for a particular commodity. Moreover, recent growth in industrial production and gross domestic product has made China and other developing nations oversized users of commodities and has increased the extent to which certain commodities prices are influenced by those markets.</p><p>Index and Passive Investing</p><p>The Fund will have exposure to certain broad-based securities, interest rate and commodity indexes. None of the index sponsors has any obligation or responsibility to the Fund or its shareholders in connection with any modification, discontinuance or suspension of an index, including any obligation or responsibility to notify the Fund of any such modification, discontinuance or suspension.</p><p>With respect to the Fund’s investment in passively managed ETFs, there is the risk that an ETF may not replicate exactly the performance of the benchmark index it seeks to track. In addition, because ETFs purchased by the Fund are not actively managed, they may be affected by a general decline in market segments relating to their respective indices, as such ETFs do not attempt to take defensive positions in declining markets. Some ETFs may use representative sampling in which case the ETF is subject to an increased risk of tracking error, in that the securities selected in the aggregate for the ETF may not have an investment profile similar to those of its index. In addition, an ETF’s performance may diverge from that of its underlying index due to imperfect correlation between an ETF’s portfolio securities and those in its index, rounding, timing of cash flows, the size of the ETF, fees and expenses borne by the ETF and changes to the index. This risk may be heightened during times of increased market volatility or other unusual market conditions.</p></div>Performance<div><p>Because the Fund is new, it has no performance history.</p></div>The investment manager has contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee paid by a Cayman Islands-based company that is wholly owned by the Fund (Subsidiary). This waiver may not be terminated and will remain in effect for as long as the investment manager's contract with the Subsidiary is in place. Additionally, the investment manager has contractually agreed to waive or assume certain expenses so that common expenses of the Fund (excluding Rule 12b-1 fees and acquired fund fees and expenses) do not exceed 0.83% (other than certain non-routine expenses), until April 30, 2014. The investment manager also has agreed in advance to reduce its fees as a result of the Fund's investment in a Franklin Templeton money fund (acquired fund) for at least the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be terminated during the terms set forth above.Other expenses and Acquired fund fees and expenses are based on estimated amounts for the current fiscal year.
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EX-101.LAB
Expense Example, No Redemption:
Shareholder Fees [Table]
Annual Fund Operating Expenses [Table]
Expense Example, With Redemption [Table]
Bar Chart [Table]
Performance [Table]
Expense Example, No Redemption Narrative [Text Block]
Market Index Performance [Table]
Expense Example, No Redemption [Table]
Risk/Return Detail [Table]
Performance Measure [Axis]
Before Taxes
After Taxes on Distributions
After Taxes on Distributions and Sales
Amendment Description
Amendment Flag
Document Creation Date
Document Effective Date
Document [Axis]
Prospectus
Document Period End Date
Document Type
Entities [Table]
Entity [Text Block]
Series
Trading Symbol
Registrant Name
Central Index Key
Series [Axis]
Risk/Return [Heading]
Objective Section:
Objective [Heading]
Objective, Primary [Text Block]
Objective, Secondary [Text Block]
Strategy Section:
Strategy [Heading]
Strategy Narrative [Text Block]
Strategy Portfolio Concentration [Text]
Bar Chart and Performance Table [Heading]
Performance Narrative [Text Block]
Performance Past Does Not Indicate Future [Text]
Performance Information Illustrates Variability of Returns [Text]
Performance One Year or Less [Text]
Performance Additional Market Index [Text]
Bar Chart [Heading]
Bar Chart Narrative [Text Block]
Bar Chart Does Not Reflect Sales Loads [Text]
Bar Chart, Returns for Class Not Offered in Prospectus [Text]
Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text]
Annual Return Caption [Text]
Caption
Annual Return, Column [Text]
Column
Annual Return, Inception Date
Inception Date
Annual Return 1990
Annual Return 1991
Annual Return 1992
Annual Return 1993
Annual Return 1994
Annual Return 1995
Annual Return 1996
Annual Return 1997
Annual Return 1998
Annual Return 1999
Annual Return 2000
Annual Return 2001
Annual Return 2002
Annual Return 2003
Annual Return 2004
Annual Return 2005
Annual Return 2006
Annual Return 2007
Annual Return 2008
Annual Return 2009
Annual Return 2010
Annual Return 2011
Annual Return 2012
Year to Date Return, Label
Bar Chart, Year to Date Return
Bar Chart, Year to Date Return, Date
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Label
Highest Quarterly Return
Highest Quarterly Return, Date
Lowest Quarterly Return, Label
Label
Lowest Quarterly Return
Lowest Quarterly Return, Date
Bar Chart Closing [Text Block]
Performance Table Heading
Performance Table Narrative
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Caption
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Label
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5 Years
10 Years
Since Inception
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DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesSinceInception
DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesInceptionDate
Money Market Seven Day Yield, Caption [Text]
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Money Market Seven Day Yield Phone
Money Market Seven Day Yield
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Thirty Day Yield Caption
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Thirty Day Yield
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DEPRECATED 5 Years
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Performance Table Footnotes
Performance Table Closing [Text Block]
Risk Section:
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Risk Money Market Fund [Text]
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Risk [Text]
Risk Footnotes [Text Block]
Risk Closing [Text Block]
Expense [Heading]
Expense Narrative [Text Block]
Expense Breakpoint Discounts [Text]
Expense Exchange Traded Fund Commissions [Text]
Shareholder Fees Caption [Text]
Shareholder Fees Column [Text]
Maximum Cumulative Sales Charge (as a percentage of Offering Price)
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Maximum Deferred Sales Charge (as a percentage of Offering Price)
Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage)
Redemption Fee (as a percentage of Amount Redeemed)
Redemption Fee (as a percentage of Amount Redeemed)
Redemption Fee
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Maximum Account Fee (as a percentage of Assets)
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Operating Expenses Caption [Text]
Operating Expenses Column [Text]
Management Fees (as a percentage of Assets)
Distribution and Service (12b-1) Fees
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Other Expenses (as a percentage of Assets):
Other Expenses
Other expenses of the Fund
Other expenses of the Subsidiary (including Subsidiary management fee)
Component3 Other Expenses
Acquired Fund Fees and Expenses
Expenses (as a percentage of Assets)
Total Expenses
Fee Waiver or Reimbursement
Fee Waiver or Reimbursement
Net Expenses (as a percentage of Assets)
Net Expenses
Expenses Represent Both Master and Feeder [Text]
Expenses Other Expenses Had Extraordinary Expenses Been Included [Text]
Expenses Restated to Reflect Current [Text]
Expense Example [Heading]
Expense Example Narrative [Text Block]
Expense Example by Year [Heading]
Expense Example by, Year, Caption [Text]
Expense Example, By Year, Column [Text]
Column
Expense Example, with Redemption, 1 Year
1 Year
Expense Example, with Redemption, 3 Years
3 Years
Expense Example, with Redemption, 5 Years
5 Years
Expense Example, with Redemption, 10 Years
10 Years
Expense Example, No Redemption, By Year, Caption [Text]
Expense Example, No Redemption, By Year, Column [Text]
Column
Expense Example, No Redemption, 1 Year
1 Year
Expense Example, No Redemption, 3 Years
3 Years
Expense Example, No Redemption, 5 Years
5 Years
Expense Example, No Redemption, 10 Years
10 Years
Expense Example Closing [Text Block]
Prospectus Date
Prospectus:
Share Class [Axis]
Share Classes
Prospectus [Line Items]
Form N-1A:
Risk/Return:
Portfolio Turnover [Heading]
Portfolio Turnover [Text Block]
Bar Chart and Performance Table Section:
Bar Chart Narrative:
Bar Chart Table:
Bar Chart Closing:
Average Annual Return:
DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAbstract
DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesAbstract
Market Index Return:
Performance Narrative:
Performance Table Section:
Performance Table Closing:
Expenses:
Shareholder Fees:
Operating Expenses:
Net Expenses (as a percentage of Assets):
Expenses (as a percentage of Assets):
Other Expenses over Assets:
Expense Footnotes:
Expense Footnotes [Text Block]
Expense Example Narrative:
Expense Example:
Expense Example Closing:
Expense Example Footnotes [Text Block]
Portfolio Turnover:
Fee Waiver or Reimbursement over Assets, Date of Termination
Portfolio Turnover, Rate
Expense Breakpoint, Minimum Investment Required [Amount]
Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text]
Bar Chart Footnotes [Text Block]
Performance Table One Class of after Tax Shown [Text]
Other Expenses, New Fund, Based on Estimates [Text]
Acquired Fund Fees and Expenses, Based on Estimates [Text]
Expenses Deferred Charges [Text Block]
Expenses Range of Exchange Fees [Text Block]
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]
Expenses Explanation of Nonrecurring Account Fee [Text]
Index No Deduction for Fees, Expenses, Taxes [Text]
Annual Return 2013
Annual Return 2014
Performance Availability Website Address [Text]
Performance Availability Phone [Text]
Franklin Managed Volatility Global Allocation VIP FundFranklin Managed Volatility Global Allocation VIP Fund Class 5Class 5
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..report table.authRefData .hide {
background-color: #2F4497;
padding: 1px 3px 0px 0px;
text-align: right;
}
..report table.authRefData .hide a:hover {
background-color: #2F4497;
}
..report table.authRefData .body {
height: 150px;
overflow: auto;
width: 400px;
}
..report table.authRefData table{
font-size: 1em;
}
/* Report Styles */
..pl a, .pl a:visited {
color: black;
text-decoration: none;
}
/* table */
..report {
background-color: white;
border: 2px solid #acf;
clear: both;
color: black;
font: normal 8pt Helvetica, Arial, san-serif;
margin-bottom: 2em;
}
..report hr {
border: 1px solid #acf;
}
/* Top labels */
..report th {
background-color: #acf;
color: black;
font-weight: bold;
text-align: center;
}
..report th.void {
background-color: transparent;
color: #000000;
font: bold 10pt Helvetica, Arial, san-serif;
text-align: left;
}
..report .pl {
text-align: left;
vertical-align: top;
white-space: normal;
width: 200px;
word-wrap: break-word;
}
..report td.pl a.a {
cursor: pointer;
display: block;
width: 200px;
}
..report td.pl div.a {
width: 200px;
}
..report td.pl a:hover {
background-color: #ffc;
}
/* Header rows... */
..report tr.rh {
background-color: #acf;
color: black;
font-weight: bold;
}
/* Calendars... */
..report .rc {
background-color: #f0f0f0;
}
/* Even rows... */
..report .re, .report .reu {
background-color: #def;
}
..report .reu td {
border-bottom: 1px solid black;
}
/* Odd rows... */
..report .ro, .report .rou {
background-color: white;
}
..report .rou td {
border-bottom: 1px solid black;
}
..report .rou table td, .report .reu table td {
border-bottom: 0px solid black;
}
/* styles for footnote marker */
..report .fn {
white-space: nowrap;
}
/* styles for numeric types */
..report .num, .report .nump {
text-align: right;
white-space: nowrap;
}
..report .nump {
padding-left: 2em;
}
..report .nump {
padding: 0px 0.4em 0px 2em;
}
/* styles for text types */
..report .text {
text-align: left;
white-space: normal;
}
..report .text .big {
margin-bottom: 1em;
width: 17em;
}
..report .text .more {
display: none;
}
..report .text .note {
font-style: italic;
font-weight: bold;
}
..report .text .small {
width: 10em;
}
..report sup {
font-style: italic;
}
..report .outerFootnotes {
font-size: 1em;
}
EXCEL
8
Financial_Report.xls
IDEA: XBRL DOCUMENT
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