Franklin Templeton Variable Insurance Products Trust has announced a significant change in its portfolio management team. Effective December 31, 2026, Christopher James Peel will step down from his role managing the funds listed in the recent SEC filing.

This change is noteworthy as it may affect the performance and strategy of the funds under Peel's management. Investors and stakeholders will be watching closely to see how this transition unfolds.

Background

Franklin Templeton Variable Insurance Products Trust is an investment trust based in San Mateo, California. The company is known for its various funds, including the Templeton Growth VIP Fund. The trust operates under the SEC file number 033-23493 and has been active in the investment industry for many years.

What the Filing Says

The recent SEC filing, dated October 29, 2026, states: "Effective December 31, 2026, Christopher James Peel will step down as a member of the portfolio management team for each fund listed in Schedule A." This indicates a planned transition in leadership for the management of these funds.

Impact

This change may affect investors in the funds managed by Peel, as they may need to reassess their investment strategies in light of the new management. The transition could also influence the overall performance of the Templeton Growth VIP Fund and other related funds.

What's Next

The filing does not say what happens next regarding the appointment of a new portfolio manager or any changes to the investment strategy.