NPORT-P false 0000837274 XXXXXXXX S000007333 C000020137 C000020136 Franklin Templeton Variable Insurance Products Trust 811-05583 0000837274 549300PIBKZH7YTTWU55 One Franklin Parkway San Mateo 94403-1906 650-312-2000 Franklin Global Real Estate VIP Fund S000007333 549300LR72E5IYXZC867 2019-12-31 2019-12-31 N 160535929.52 271704.85 160264224.67 0 0 0 0 0 0 0 0 0 0 0 0 0 0 N SIMON PROPERTY GROUP INC REAL ESTATE INVESTMENT TRUST USD0.0001 529900GQL5X8H7AO3T64 828806109 29326.00000000 NS USD 4368400.96000000 2.725749286214 Long EC CORP US N 1 N N N HEMFOSA FASTIGHETER AB ORD SEK NPV 549300PZRE1NF5Y4QZ03 W3993K137 130481.00000000 NS 1689836.36000000 1.054406473733 Long EC CORP SE N 1 N N N NEW WORLD DEVELOPMENT CO LTD ORD HKD1 2549008GWMWXTIRL4S48 000000000 979585.00000000 NS 1342603.31000000 0.837743615435 Long EC CORP HK N 1 N N N Derwent London PLC REIT GBP 0.05 213800BXKQ9KZNUR1M61 G27300105 53469.00000000 NS 2839762.35000000 1.771925303883 Long EC CORP GB N 1 N N N SEGRO PLC REIT GBP.1000 213800XC35KGM9NFC641 000000000 350773.00000000 NS 4168223.37000000 2.600844560651 Long EC CORP GB N 1 N N N MGM GROWTH PROPERTIES LLC REIT USD NPV CL A 549300E2UGIBHWE12262 55303A105 40600.00000000 NS USD 1257382.00000000 0.784568110936 Long EC CORP US N 1 N N N VEREIT INC REIT USD.01 5493002H54FNIBW75H44 92339V100 264400.00000000 NS USD 2443056.00000000 1.524392611657 Long EC CORP US N 1 N N N SUN HUNG KAI PROPERTIES LTD ORD HKD NPV 529900LUMD393RD3S874 Y82594121 192171.00000000 NS 2942135.22000000 1.835802859969 Long EC CORP HK N 1 N N N DIGITAL REALTY TRUST INC REIT USD1 549300HKCZ31D08NEI41 253868103 15868.00000000 NS USD 1900034.32000000 1.185563605297 Long EC CORP US N 1 N N N ICHIGO OFFICE REIT INVESTMENT REIT JPY NPV N/A 000000000 1046.00000000 NS 1085703.24000000 0.677445788188 Long EC CORP JP N 1 N N N HULIC REIT INC REIT JPY NPV N/A 000000000 828.00000000 NS 1502476.19000000 0.937499428268 Long EC CORP JP N 1 N N N Aroundtown SA ORD EUR NPV 529900H4DWG3KWMBMQ39 000000000 175217.00000000 NS 1568832.89000000 0.978903990101 Long EC CORP LU N 1 N N N PREMIER INVESTMENT CORP REIT JPY1 N/A J7446X104 935.00000000 NS 1321518.29000000 0.824587204487 Long EC CORP JP N 1 N N N REXFORD INDUSTRIAL REALTY INC REIT USD.01 549300MSLO0DF0EMX355 76169C100 51774.00000000 NS USD 2364518.58000000 1.475387651154 Long EC CORP US N 1 N N N EXTRA SPACE STORAGE INC REIT USD.01 N/A 30225T102 43000.00000000 NS USD 4541660.00000000 2.833857655600 Long EC CORP US N 1 N N N INMOBILIARIA COLONIAL SA REIT EUR 2.5 95980020140005007414 000000000 175541.00000000 NS 2236334.78000000 1.395404860070 Long EC CORP ES N 1 N N N GPT GROUP REIT AUD1 N/A 000000000 428670.00000000 NS 1684347.31000000 1.050981473543 Long EC CORP AU N 1 N N N MAPLETREE LOGISTICS TRUST REIT SGD NPV 549300M9EBZIYH387075 000000000 1089771.00000000 NS 1409605.66000000 0.879551043224 Long EC CORP SG N 1 N N N SmartCentres Real Estate Investment Trust REIT CAD NPV 549300HKEP2IYWZ14H97 83179X108 59030.00000000 NS 1418701.91000000 0.885226826461 Long EC CORP CA N 1 N N N EQUITY LIFESTYLE PROPERTIES INC REIT USD.01 529900PEQG66LENB6798 29472R108 43716.00000000 NS USD 3077169.24000000 1.920059979908 Long EC CORP US N 1 N N N NOMURA REAL ESTATE HOLDINGS INC ORD JPY NPV N/A 000000000 51400.00000000 NS 1239181.04000000 0.773211265678 Long EC CORP JP N 1 N N N CAPITALAND LTD ORD SGD NPV 2549006LYGY45GHGWZ89 Y10923103 735295.00000000 NS 2049774.20000000 1.278996734436 Long EC CORP SG N 1 N N N FIRST INDUSTRIAL REALTY TRUST INC REIT USD.01 N/A 32054K103 63053.00000000 NS USD 2617330.03000000 1.633134303921 Long EC CORP US N 1 N N N FABEGE AB ORD SEK30.82 549300JNPI46XNH0PM97 000000000 126380.00000000 NS 2100891.08000000 1.310892112276 Long EC CORP SE N 1 N N N CAPITALAND MALL TRUST REIT SGD1 54930031292WUTXF0L29 000000000 918600.00000000 NS 1679866.19000000 1.048185391006 Long EC CORP SG N 1 N N N ALEXANDRIA REAL ESTATE EQUITIES INC REIT USD.01 MGCJBT4MKTQBVLNUIS88 015271109 26021.00000000 NS USD 4204473.18000000 2.623463339155 Long EC CORP US N 1 N N N HIGHWOODS PROPERTIES INC REAL ESTATE INVESTMENT TRUST USD.01 ZIIGTYKL9T0X3HLTDX53 431284108 30310.00000000 NS USD 1482462.10000000 0.925011245056 Long EC CORP US N 1 N N N CK Asset Holdings Ltd ORD HKD1 5299006GJZSGP78B8S35 000000000 343627.00000000 NS 2480528.05000000 1.547774030734 Long EC CORP KY N 1 N N N BRIXMOR PROPERTY GROUP INC REIT USD.01 5299007UXW6Y0W2EGZ95 11120U105 91300.00000000 NS USD 1972993.00000000 1.231087601779 Long EC CORP US N 1 N N N KENEDIX OFFICE INVESTMENT CORP REIT NPV JPY 353800FFT483NCIHFY42 000000000 252.00000000 NS 1943188.41000000 1.212490444452 Long EC CORP JP N 1 N N N RETAIL PROPERTIES OF AMERICA INC REIT USD.001 CLASS A 549300OVTYLM7DH6CM14 76131V202 109900.00000000 NS USD 1472660.00000000 0.918895032894 Long EC CORP US N 1 N N N REALTY INCOME CORP REAL ESTATE INVESTMENT TRUST USD1 549300CUWDAUZSH43859 756109104 51217.00000000 NS USD 3771107.71000000 2.353056471439 Long EC CORP US N 1 N N N AMERICAN HOMES 4 RENT REIT USD.01 CL A 549300ZJUO7A58PNUW40 02665T306 83300.00000000 NS USD 2183293.00000000 1.362308403198 Long EC CORP US N 1 N N N PROLOGIS INC REIT USD.01 529900DFH19P073LZ636 74340W103 87669.00000000 NS USD 7814814.66000000 4.876206574543 Long EC CORP US N 1 N N N UNITE GROUP PLC REIT GBP.25 213800BBUUWVDH9YI827 000000000 177385.00000000 NS 2960213.26000000 1.847083006887 Long EC CORP GB N 1 N N N RYMAN HOSPITALITY PROPERTIES INC REIT USD.01 529900GCCWW9SRMPJR11 78377T107 16600.00000000 NS USD 1438556.00000000 0.897615174541 Long EC CORP US N 1 N N N SBA COMMUNICATIONS CORP REIT USD NPV CLASS A 5299001HX8ZN8Y8QIT49 78410G104 7300.00000000 NS USD 1759227.00000000 1.097704121816 Long EC CORP US N 1 N N N WELLTOWER INC REIT USD1 T6IZ0MBEG5ACZDTR7D06 95040Q104 49876.00000000 NS USD 4078859.28000000 2.545084087480 Long EC CORP US N 1 N N N KILROY REALTY CORP REIT USD.01 549300CXXI18B214UN80 49427F108 38744.00000000 NS USD 3250621.60000000 2.028288975093 Long EC CORP US N 1 N N N GLP J-REIT REIT JPY NPV 353800E27V9KA51K2I90 000000000 1309.00000000 NS 1624882.45000000 1.013877210179 Long EC CORP JP N 1 N N N Goodman Group REIT AUD NPV N/A 000000000 360025.00000000 NS 3377416.31000000 2.107405016281 Long EC CORP AU N 1 N N N DEXUS REIT AUD NPV N/A 000000000 265056.00000000 NS 2175925.55000000 1.357711338560 Long EC CORP AU N 1 N N N MITSUBISHI ESTATE CO LTD ORD JPY NPV 353800KOFMRGOXSJ5Z65 000000000 187556.00000000 NS 3606149.18000000 2.250127367742 Long EC CORP JP N 1 N N N CANADIAN APARTMENT PROPERTIES REIT REIT CAD NPV 549300B1MYVTQEB2DI90 134921105 52075.00000000 NS 2125747.54000000 1.326401787034 Long EC CORP CA N 1 N N N Americold Realty Trust REIT USD 0.01 549300R7N1V5YV8MWH02 03064D108 51100.00000000 NS USD 1791566.00000000 1.117882673871 Long EC CORP US N 1 N N N QTS REALTY TRUST INC REIT USD.01 CL A 5493006PA4CJK4OG2J54 74736A103 23000.00000000 NS USD 1248210.00000000 0.778845062003 Long EC CORP US N 1 N N N CARETRUST REIT INC REIT USD.01 5493001NVXE2B9GPLU96 14174T107 46200.00000000 NS USD 953106.00000000 0.594709144827 Long EC CORP US N 1 N N N MITSUI FUDOSAN CO LTD ORD JPY NPV 353800ND4ZKNZDYKMF33 000000000 152678.00000000 NS 3753904.91000000 2.342322447651 Long EC CORP JP N 1 N N N Healthpeak Properties Inc REIT USD1 PZ9HF5U52KPF0MH0QN75 42250P103 100089.00000000 NS USD 3450067.83000000 2.152737354268 Long EC CORP US N 1 N N N CAMDEN PROPERTY TRUST REIT USD.01 5493002MYX22OHYJBD89 133131102 29600.00000000 NS USD 3140560.00000000 1.959613885423 Long EC CORP US N 1 N N N EQUINIX INC REIT USD.001 549300EVUN2BTLJ3GT74 29444U700 2400.00000000 NS USD 1400880.00000000 0.874106496870 Long EC CORP US N 1 N N N COUSINS PROPERTIES INC REIT USD1 5493007XPYD5EJABN062 222795502 60875.00000000 NS USD 2508050.00000000 1.564946890152 Long EC CORP US N 1 N N N VONOVIA SE ORD EUR NPV 5299005A2ZEP6AP7KM81 D9581T100 63081.00000000 NS 3395625.02000000 2.118766697303 Long EC CORP DE N 1 N N N HILTON WORLDWIDE HOLDINGS INC COM USD.01 549300HVGPK36ICB0B89 43300A203 9014.00000000 NS USD 999742.74000000 0.623809051619 Long EC CORP US N 1 N N N HOST HOTELS & RESORTS INC REIT USD.01 N6EL63S0K3PB1YFTDI24 44107P104 101706.00000000 NS USD 1886646.30000000 1.177209888161 Long EC CORP US N 1 N N N AVALONBAY COMMUNITIES INC REAL ESTATE INVESTMENT TRUST USD.01 K9G90K85RBWD2LAGQX17 053484101 21789.00000000 NS USD 4569153.30000000 2.851012638290 Long EC CORP US N 1 N N N EQUITY RESIDENTIAL REAL ESTATE INVESTMENT TRUST USD0.01 5493008RACSH5EP3PI59 29476L107 61933.00000000 NS USD 5011618.36000000 3.127097373303 Long EC CORP US N 1 N N N Unibail-Rodamco-Westfield REIT EUR 0.50 N/A 000000000 13682.00000000 NS 2158088.45000000 1.346581530871 Long EC CORP FR N 1 N N N PHYSICIANS REALTY TRUST REIT USD.01 549300ITOVH0OY7PZC34 71943U104 72300.00000000 NS USD 1369362.00000000 0.854440223836 Long EC CORP US N 1 N N N Deutsche Wohnen SE ORD EUR NPV 529900QE24Q67I3FWZ10 000000000 28705.00000000 NS 1172404.32000000 0.731544624144 Long EC CORP DE N 1 N N N HUFVUDSTADEN AB ORD SEK5 213800UEV5ZAFFVQ4J85 000000000 62662.00000000 NS 1238360.94000000 0.772699548230 Long EC CORP SE N 1 N N N LINK REIT REIT HKD1 529900XUE70U36QX5M62 000000000 144337.00000000 NS 1528149.90000000 0.953519042160 Long EC CORP HK N 1 N N N REGENCY CENTERS CORP REIT USD.01 529900053A7X7FJ97S58 758849103 30939.00000000 NS USD 1951941.51000000 1.217952112531 Long EC CORP US N 1 N N N SPIRIT REALTY CAPITAL INC REIT USD.05 549300LTU6LVPZSHMJ25 84860W300 42000.00000000 NS USD 2065560.00000000 1.288846593338 Long EC CORP US N 1 N N N GECINA SA REIT EUR7.5 9695003E4MMA10IBTR26 000000000 16407.00000000 NS 2936580.99000000 1.832337189442 Long EC CORP FR N 1 N N N SWIRE PROPERTIES LTD ORD HKD1 5299001L12PHYVQ92465 000000000 154000.00000000 NS 510876.12000000 0.318771154979 Long EC CORP HK N 1 N N N ORIX JREIT INC REIT JPY1 N/A 000000000 817.00000000 NS 1768945.02000000 1.103767870616 Long EC CORP JP N 1 N N N U S TREASURY NOTE N/A 912828UH1 14601.71000000 PA USD 14601.71000000 0.009111022768 Short RA CORP US N 2 Repurchase Y 0.01536292 2020-01-02 14601.71358756 USD 14893.76996984 USD UST N N N U S TREASURY NOTE N/A 912828Q29 22169.08000000 PA USD 22169.08000000 0.013832831404 Short RA CORP US N 2 Repurchase Y 0.01536292 2020-01-02 22169.08498776 USD 22612.50025687 USD UST N N N U S TREASURY NOTE N/A 912828R77 228348.33000000 PA USD 228348.33000000 0.142482410201 Short RA CORP US N 2 Repurchase Y 0.01536292 2020-01-02 228348.32573641 USD 233150.80791447 USD UST N N N U S TREASURY NOTE N/A 9128283D0 37140.12000000 PA USD 37140.12000000 0.023174304855 Short RA CORP US N 2 Repurchase Y 0.01536292 2020-01-02 37140.12290768 USD 37882.98160495 USD UST N N N U S TREASURY NOTE N/A 9128286M7 70065.05000000 PA USD 70065.05000000 0.043718459403 Short RA CORP US N 2 Repurchase Y 0.01536292 2020-01-02 70065.05374324 USD 71466.36652364 USD UST N N N U S TREASURY NOTE N/A 9128285B2 44109.11000000 PA USD 44109.11000000 0.027522742577 Short RA CORP US N 2 Repurchase Y 0.01536292 2020-01-02 44109.10909574 USD 44991.29864682 USD UST N N N 2020-01-29 Robert Kubilis Robert Kubilis Robert Kubilis Chief Financial Officer, Chief Accounting Officer and Treasurer