{"entity_type":"fund","name":"Franklin Mutual Global Discovery VIP Fund","identifiers":{"lei":"YODRUTY3CCY05H8LZY15","cik":"837274","fund_id":"S000007319","fundkey":"franklin-mutual-global-discovery-vip-fund"},"dates":{"reporting_period_start":"2025-12-31","reporting_period_end":"2025-12-31","filing_date":"2026-02-25"},"summary":{"total_positions":84,"total_value_usd":512739547.68,"asset_categories":["EC","DBT","LON","STIV"],"by_asset_category":{"EC":{"positions":71,"total_value_usd":488942929.8},"LON":{"positions":5,"total_value_usd":9254744.74},"STIV":{"positions":6,"total_value_usd":12502915.95},"DBT":{"positions":2,"total_value_usd":2038957.19}}},"holdings":[{"issuer_name":"Alphabet, Inc.","title":"Alphabet, Inc., Class A","isin":"US02079K3059","value_usd":12173196,"pct_val":2.735174674099,"balance":38892,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BNP Paribas SA","title":"BNP Paribas SA","isin":"FR0000131104","value_usd":10734020.38,"pct_val":2.411808755453,"balance":113459,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Novartis AG","title":"Novartis AG","isin":"US66987V1098","value_usd":10193556.32,"pct_val":2.290372806408,"balance":73936,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Roche Holding AG","title":"Roche Holding AG","isin":"CH0012032048","value_usd":9880313.87,"pct_val":2.219990893877,"balance":23925,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Airbus SE","title":"Airbus SE","isin":"NL0000235190","value_usd":9308001.84,"pct_val":2.0913990787,"balance":40082,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Deutsche Telekom AG","title":"Deutsche Telekom AG","isin":"DE0005557508","value_usd":9117453.16,"pct_val":2.048585020361,"balance":280097,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Merck & Co., Inc.","title":"Merck & Co., Inc.","isin":"US58933Y1055","value_usd":9108042.54,"pct_val":2.046470564183,"balance":86529,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"AerCap Holdings NV","title":"AerCap Holdings NV","isin":"NL0000687663","value_usd":9062486.64,"pct_val":2.036234686609,"balance":63039,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"British American Tobacco plc","title":"British American Tobacco plc","isin":"GB0002875804","value_usd":9053157.47,"pct_val":2.034138531293,"balance":159694,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Haleon plc","title":"Haleon plc","isin":"GB00BMX86B70","value_usd":9048624.69,"pct_val":2.033120068675,"balance":1790608,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Bank of America Corp.","title":"Bank of America Corp.","isin":"US0605051046","value_usd":8924245,"pct_val":2.005173407991,"balance":162259,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Franklin Institutional U.S. Government Money Market Fund","title":"Franklin Institutional U.S. Government Money Market Fund","isin":"US4577565009","value_usd":8806578.79,"pct_val":1.978735187692,"balance":8806578.79,"units":"NS","currency":"USD","asset_cat":"STIV","issuer_cat":"RF","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Capgemini SE","title":"Capgemini SE","isin":"FR0000125338","value_usd":8689636.19,"pct_val":1.952459554091,"balance":52332,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Aptiv plc","title":"Aptiv plc","isin":"JE00BTDN8H13","value_usd":8603204.04,"pct_val":1.953286773646,"balance":99782,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"JE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Cie Financiere Richemont SA","title":"Cie Financiere Richemont SA","isin":"CH0210483332","value_usd":8546466.57,"pct_val":1.92029101604,"balance":39631,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"CH","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Wells Fargo & Co.","title":"Wells Fargo & Co.","isin":"US9497461015","value_usd":8377934.4,"pct_val":1.882423809831,"balance":89892,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Prudential plc","title":"Prudential plc","isin":"GB0007099541","value_usd":8357349.26,"pct_val":1.877798569788,"balance":543282,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Medtronic plc","title":"Medtronic plc","isin":"IE00BTN1Y115","value_usd":8255012.16,"pct_val":1.854804621105,"balance":85936,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Reckitt Benckiser Group plc","title":"Reckitt Benckiser Group plc","isin":"GB00B24CGK77","value_usd":8123978.75,"pct_val":1.825362947407,"balance":100396,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Walt Disney Co. (The)","title":"Walt Disney Co. (The)","isin":"US2546871060","value_usd":7993935.28,"pct_val":1.796143701641,"balance":70264,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BASF SE","title":"BASF SE","isin":"DE000BASF111","value_usd":7918731.32,"pct_val":1.779246251967,"balance":150493,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"International Paper Co.","title":"International Paper Co.","isin":"US4601461035","value_usd":7879221.09,"pct_val":1.770368765688,"balance":200031,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Adobe, Inc.","title":"Adobe, Inc.","isin":"US00724F1012","value_usd":7848875.74,"pct_val":1.763550520685,"balance":22426,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Heineken NV","title":"Heineken NV","isin":"NL0000009165","value_usd":7812002.9,"pct_val":1.755265625072,"balance":94683,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Toyota Motor Corp.","title":"Toyota Motor Corp.","isin":"JP3633400001","value_usd":7741913.72,"pct_val":1.739517406604,"balance":360473,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Samsung Electronics Co. Ltd.","title":"Samsung Electronics Co. Ltd.","isin":"KR7005930003","value_usd":7734774.08,"pct_val":1.737913213054,"balance":92284,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"KR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Capital One Financial Corp.","title":"Capital One Financial Corp.","isin":"US14040H1059","value_usd":7712864.64,"pct_val":1.7329904183,"balance":31824,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BP plc","title":"BP plc","isin":"GB0007980591","value_usd":7681011.37,"pct_val":1.72583336132,"balance":1317054,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Elevance Health, Inc.","title":"Elevance Health, Inc.","isin":"US0367521038","value_usd":7680199.95,"pct_val":1.725651044743,"balance":21909,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Tencent Holdings Ltd.","title":"Tencent Holdings Ltd.","isin":"KYG875721634","value_usd":7654784.35,"pct_val":1.71994045687,"balance":99745,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"KY","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Deutsche Bank AG","title":"Deutsche Bank AG","isin":"DE0005140008","value_usd":7563768.09,"pct_val":1.699490168443,"balance":196262,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Zimmer Biomet Holdings, Inc.","title":"Zimmer Biomet Holdings, Inc.","isin":"US98956P1021","value_usd":7282800.64,"pct_val":1.636360070687,"balance":80992,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Shell plc","title":"Shell plc","isin":"GB00BP6MXD84","value_usd":7281304.52,"pct_val":1.636023910032,"balance":197581,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"NN Group NV","title":"NN Group NV","isin":"NL0010773842","value_usd":7177136.43,"pct_val":1.688941687382,"balance":128979,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Cie de Saint-Gobain SA","title":"Cie de Saint-Gobain SA","isin":"FR0000125007","value_usd":7155144.19,"pct_val":1.607677160379,"balance":70361,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Mondelez International, Inc.","title":"Mondelez International, Inc., Class A","isin":"US6092071058","value_usd":7107336.39,"pct_val":1.59693530723,"balance":132033,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Union Pacific Corp.","title":"Union Pacific Corp.","isin":"US9078181081","value_usd":7026576.32,"pct_val":1.578789464664,"balance":30376,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Voya Financial, Inc.","title":"Voya Financial, Inc.","isin":"US9290891004","value_usd":7024069.36,"pct_val":1.652921561805,"balance":103661,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DBS Group Holdings Ltd.","title":"DBS Group Holdings Ltd.","isin":"SG1L01001701","value_usd":6978519.53,"pct_val":1.567991666376,"balance":159310,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"SG","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"PPG Industries, Inc.","title":"PPG Industries, Inc.","isin":"US6935061076","value_usd":6927525.52,"pct_val":1.556533909129,"balance":67612,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"BlackRock, Inc.","title":"BlackRock, Inc.","isin":"US09290D1019","value_usd":6907974.36,"pct_val":1.552140992291,"balance":6454,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Meta Platforms, Inc.","title":"Meta Platforms, Inc., Class A","isin":"US30303M1027","value_usd":6849093.84,"pct_val":1.538911228546,"balance":10376,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Everest Group Ltd.","title":"Everest Group Ltd.","isin":"BMG3223R1088","value_usd":6817887.45,"pct_val":1.604402319294,"balance":18765,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"BM","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Pan Pacific International Holdings Corp.","title":"Pan Pacific International Holdings Corp.","isin":"JP3639650005","value_usd":6815443,"pct_val":1.531350278626,"balance":1144125,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Renesas Electronics Corp.","title":"Renesas Electronics Corp.","isin":"JP3164720009","value_usd":6806870,"pct_val":1.529424025858,"balance":496966,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"CVS Health Corp.","title":"CVS Health Corp.","isin":"US1266501006","value_usd":6780200.96,"pct_val":1.523431804687,"balance":85436,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Seven & i Holdings Co. Ltd.","title":"Seven & i Holdings Co. Ltd.","isin":"JP3422950000","value_usd":6740648.92,"pct_val":1.53040894067,"balance":502343,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"American Tower Corp.","title":"American Tower Corp.","isin":"US03027X1000","value_usd":6674644.69,"pct_val":1.49971454618,"balance":38017,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Fresenius SE & Co. KGaA","title":"Fresenius SE & Co. KGaA","isin":"DE0005785604","value_usd":6527999.53,"pct_val":1.466765094967,"balance":113943,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"EOG Resources, Inc.","title":"EOG Resources, Inc.","isin":"US26875P1012","value_usd":6527316.59,"pct_val":1.466611646341,"balance":62159,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Johnson Controls International plc","title":"Johnson Controls International plc","isin":"IE00BY7QL619","value_usd":6354099.2,"pct_val":1.466772715799,"balance":60160,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"IE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"SLB Ltd.","title":"SLB Ltd.","isin":"AN8068571086","value_usd":6341565.78,"pct_val":1.42487561324,"balance":165231,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"CW","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Rio Tinto plc","title":"Rio Tinto plc","isin":"GB0007188757","value_usd":6258332.82,"pct_val":1.406174141232,"balance":77694,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Danone SA","title":"Danone SA","isin":"FR0000120644","value_usd":6180892.83,"pct_val":1.388774281786,"balance":68525,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"JPMorgan Chase & Co.","title":"JPMorgan Chase & Co.","isin":"US46625H1005","value_usd":5877615.02,"pct_val":1.320631307243,"balance":18241,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Charter Communications, Inc.","title":"Charter Communications, Inc., Class A","isin":"US16119P1084","value_usd":5781957.5,"pct_val":1.299138182012,"balance":27698,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Mitsubishi Electric Corp.","title":"Mitsubishi Electric Corp.","isin":"JP3902400005","value_usd":5712965.26,"pct_val":1.283636433124,"balance":195939,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Ferguson Enterprises, Inc.","title":"Ferguson Enterprises, Inc.","isin":"US31488V1070","value_usd":5616954.9,"pct_val":1.262064028874,"balance":25230,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"National Grid plc","title":"National Grid plc","isin":"GB00BDR05C01","value_usd":5383577.18,"pct_val":1.20962678649,"balance":350985,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Stellantis NV","title":"Stellantis NV","isin":"NL00150001Q9","value_usd":5084314.64,"pct_val":1.142385996124,"balance":464291,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"NL","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Siemens AG","title":"Siemens AG","isin":"DE0007236101","value_usd":4900500.16,"pct_val":1.101085033712,"balance":17497,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Denso Corp.","title":"Denso Corp.","isin":"JP3551500006","value_usd":4844047.74,"pct_val":1.088400835621,"balance":350710,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"JP","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kering SA","title":"Kering SA","isin":"FR0000121485","value_usd":4476565.53,"pct_val":1.016367413867,"balance":13359,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"FR","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Global Payments, Inc.","title":"Global Payments, Inc.","isin":"US37940X1028","value_usd":4420701,"pct_val":0.993279777715,"balance":57115,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Fiserv, Inc.","title":"Fiserv, Inc.","isin":"US3377381088","value_usd":4221029.97,"pct_val":0.948416034093,"balance":62841,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"GSK plc","title":"GSK plc","isin":"GB00BN7SWP63","value_usd":4083256.05,"pct_val":0.942573978977,"balance":214159,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"GB","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Kenvue, Inc.","title":"Kenvue, Inc.","isin":"US49177J1025","value_usd":4046187.6,"pct_val":0.934017141986,"balance":193320,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Kellanova","title":"Kellanova","isin":"US4878361082","value_usd":2971256.52,"pct_val":0.674599374214,"balance":36226,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Neptune Bidco US, Inc.","title":"Neptune Bidco US, Inc., First Lien, CME Term Loan, A","isin":"US64069JAF93","value_usd":2307570.72,"pct_val":0.51848413449,"balance":2332882.5,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michaels Cos., Inc. (The)","title":"Michaels Cos., Inc. (The), First Lien, CME Term Loan, B","isin":"US59408UAB35","value_usd":2212149.95,"pct_val":0.497044204213,"balance":2282119.7452,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Hess Corp.","title":"Hess Corp.","isin":"US42809H1077","value_usd":2113981.86,"pct_val":0.487989062862,"balance":15259,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"DR Horton, Inc.","title":"DR Horton, Inc.","isin":"US23331A1097","value_usd":2084042.09,"pct_val":0.490421994675,"balance":16393,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"Covestro AG","title":"Covestro AG","isin":"DE000A40KY26","value_usd":2001832.1,"pct_val":0.471076134305,"balance":31167,"units":"NS","currency":null,"asset_cat":"EC","issuer_cat":"CORP","inv_country":"DE","fair_val_level":"1","payoff_profile":"Long"},{"issuer_name":"CoreLogic, Inc.","title":"CoreLogic, Inc., First Lien, Initial CME Term Loan","isin":"US21870FBA66","value_usd":1946496.38,"pct_val":0.437354956069,"balance":1942087.8422,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Neptune Bidco US, Inc.","title":"Neptune Bidco US, Inc., First Lien, Dollar CME Term Loan, B","isin":"US64069JAC62","value_usd":1744913.94,"pct_val":0.392061740989,"balance":1760538.7173,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"FHLB","title":"FHLB","isin":"US313385DU78","value_usd":1699801.2,"pct_val":0.400001467847,"balance":1700000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"USGA","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Michaels Cos., Inc. (The)","title":"Michaels Cos., Inc. (The)","isin":"US55916AAB08","value_usd":1052030.81,"pct_val":0.236379010728,"balance":1138000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"iHeartCommunications, Inc.","title":"iHeartCommunications, Inc., First Lien, Refinanced CME Term Loan, B","isin":"US45174UAJ79","value_usd":1043613.75,"pct_val":0.236943925215,"balance":1191000,"units":"PA","currency":"USD","asset_cat":"LON","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Neptune Bidco US, Inc.","title":"Neptune Bidco US, Inc.","isin":"US640695AC66","value_usd":986926.38,"pct_val":0.221750807247,"balance":962000,"units":"PA","currency":"USD","asset_cat":"DBT","issuer_cat":"CORP","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797MS31","value_usd":499944.22,"pct_val":0.113508226463,"balance":500000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797QE09","value_usd":499549.28,"pct_val":0.113418558582,"balance":500000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797PF82","value_usd":498671.11,"pct_val":0.115112647014,"balance":500000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"United States of America","title":"U.S. Treasury Bills","isin":"US912797NA14","value_usd":498371.35,"pct_val":0.113151119256,"balance":500000,"units":"PA","currency":"USD","asset_cat":"STIV","issuer_cat":"UST","inv_country":"US","fair_val_level":"2","payoff_profile":"Long"},{"issuer_name":"Walter Energy, Inc.","title":"Walter Energy, Inc., Litigation Trust, Contingent Distribution","isin":null,"value_usd":0,"pct_val":0,"balance":966000,"units":"NS","currency":"USD","asset_cat":"EC","issuer_cat":"CORP","inv_country":"US","fair_val_level":"3","payoff_profile":"Long"}],"source_documents":[{"label":"SEC NPORT-P Filings","url":"https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=837274&type=NPORT&dateb=&owner=exclude&count=40"}],"dataset":{"json":"https://dealcharts.org/llm/facts/fund/franklin-mutual-global-discovery-vip-fund.json","page":"https://dealcharts.org/capitalmarkets/funds/franklin-mutual-global-discovery-vip-fund/"},"provenance":{"curator":"CMD+RVL","curator_url":"https://cmdrvl.com","platform":"Dealcharts","platform_url":"https://dealcharts.org/","source":"SEC NPORT-P Public Filings","license":"CC-BY 4.0","license_url":"https://creativecommons.org/licenses/by/4.0/","attribution":"Data curated by CMD+RVL from SEC NPORT-P public filings"},"citation":"Fund: Franklin Mutual Global Discovery VIP Fund | LEI: YODRUTY3CCY05H8LZY15 | 84 positions totaling $512,739,548 across EC, DBT, LON, STIV | Filing: Tue Feb 24 2026 19:00:00 GMT-0500 (Eastern Standard Time) | Source: SEC NPORT-P via Dealcharts.org","updated_at":"2026-02-25"}