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Franklin Templeton Moderately Conservative Model Portfolio
mutual fund
QLMAGX
Payout Change
Pending
Price as of:
$11.97
-0.03
-0.25%
primary theme
U.S. Conservative/Balanced Allocation
share class
QLMAGX (Mutual Fund)
Franklin Templeton Moderately Conservative Model Portfolio
Payout Change
Pending
Price as of:
$11.97
-0.03
-0.25%
primary theme
U.S. Conservative/Balanced Allocation
share class
QLMAGX (Mutual Fund)
Franklin Templeton Moderately Conservative Model Portfolio
Payout Change
Pending
Price as of:
$11.97
-0.03
-0.25%
primary theme
U.S. Conservative/Balanced Allocation
share class
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$11.97
$1.38 B
0.28%
$0.03
0.60%
Vitals
YTD Return
14.2%
1 yr return
12.4%
3 Yr Avg Return
1.0%
5 Yr Avg Return
N/A
Net Assets
$1.38 B
Holdings in Top 10
68.7%
52 WEEK LOW AND HIGH
$12.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.60%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 61.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
$11.97
$1.38 B
0.28%
$0.03
0.60%
QLMAGX - Profile
Distributions
- YTD Total Return 14.2%
- 3 Yr Annualized Total Return 1.0%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.74%
- Dividend Yield 0.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFranklin Templeton Moderately Conservative Model Portfolio
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateApr 15, 2020
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Picciochi
Fund Description
The fund is managed as an asset allocation program. The portfolio managers allocate the fund’s assets among insurance-dedicated mutual funds that have been selected by New York Life Insurance and Annuity Corporation (“NYLIAC”) as investment options for use with its variable annuity and variable universal life insurance policies, noninsurance-dedicated mutual funds, and exchange traded funds (the “underlying funds”). The underlying funds include funds managed by investment advisers that are not affiliated with the fund’s manager and funds managed by affiliated investment advisers. When selecting investments to fulfill a desired asset class exposure, the portfolio managers expect to allocate primarily to underlying funds managed by unaffiliated investment advisers, but may also allocate to affiliated underlying funds. The underlying funds may change from time to time without prior notice to shareholders.
The fund organizes its investments in underlying funds into two main asset classes: the equity class (equity securities of all types) and the fixed income class (fixed income securities of all types). The portfolio managers may invest across all asset classes and strategies. Under ordinary circumstances, the portfolio managers expect to construct a moderately conservative model portfolio by allocating between 30% to 50% of the fund’s assets among underlying funds that invest in equity and equity-like strategies and between 50% to 70% of the fund’s assets among underlying funds that invest in fixed income strategies. The fund’s allocation to each class will be measured at the time of purchase and may vary thereafter as a result of market movement.
The portfolio managers analyze the underlying funds to determine the factors they believe contribute to the underlying funds’ long-term performance. The portfolio managers will then allocate to the underlying funds based on, among other things, considerations such as the portfolio managers’ views of how these factors may perform in the future, risks associated with the underlying funds, projected correlations among the underlying funds, and how the characteristics of the overall portfolio align with the fund’s benchmark. The portfolio managers use quantitative and qualitative methods to determine how to allocate the fund’s assets among the underlying funds. The portfolio managers may change the fund’s holdings of underlying funds in response to changes in the portfolio managers’ investment outlook, their assessment of the underlying funds or for other reasons. The portfolio managers use the same selection process for all types of underlying funds, but typically allocate to insurance-dedicated underlying funds in preference to noninsurance-dedicated underlying funds with similar characteristics.
The fund compares its performance to a composite benchmark, consisting of 35% Russell 3000 Index, 5% MSCI World Ex U.S.A. Index, and 60% Bloomberg U.S. Aggregate Index. The portfolio managers will seek to maintain a level of risk in the fund similar to that of this composite benchmark.
The underlying funds have a range of investment styles, objectives and focuses. The underlying funds may invest in foreign and emerging markets and engage in derivative transactions. The underlying equity funds may invest in equity securities of all types, including common stock, preferred stock, right and warrants, and securities convertible into common stock. The underlying equity funds may include exposure to any market capitalization or investment style, including alternative investments (such as commodities, real estate assets and infrastructure assets). The underlying equity funds may employ strategies similar to those used by hedge funds, which may have a low correlation to broad stock market movements or take both long and short positions in equity securities. Underlying funds investing primarily in real estate securities, listed infrastructure securities, and master limited partnerships will be deemed to be “equity funds” for purposes of the fund’s allocation strategy. The underlying fixed income funds may invest in fixed income securities of all types, including government and government-sponsored securities,
corporate bonds and securitized products. The underlying fixed income funds may include funds investing in any sector, region or style, including foreign fixed income strategies, currency strategies, inflation-indexed securities, structured credit and distressed debt. The underlying fixed income funds may take both long and short positions in fixed income securities. Such funds may also seek to profit from changes in global financial markets and take positions to take advantage of changes in interest rates, exchange rates, liquidity and other macroeconomic factors. The underlying fixed income funds may also invest in securities having maturities and durations of any length and any credit quality, including securities rated below investment grade (commonly known as “junk bonds”). The investment strategies employed by the underlying funds and the securities in which they invest may change without the knowledge of the fund’s portfolio managers. The portfolio managers may invest the fund’s assets in underlying funds that have a limited performance history.
QLMAGX - Performance
Return Ranking - Trailing
| Period | QLMAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.2% | -3.4% | 20.8% | 3.97% |
| 1 Yr | 12.4% | 8.0% | 24.5% | 12.41% |
| 3 Yr | 1.0%* | -13.2% | 6.3% | 80.86% |
| 5 Yr | N/A* | -5.7% | 8.4% | N/A |
| 10 Yr | N/A* | -0.4% | 7.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | QLMAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.8% | -1.0% | 27.4% | 25.56% |
| 2022 | -15.7% | -35.0% | -7.4% | 35.93% |
| 2021 | 3.4% | -11.5% | 14.6% | 35.05% |
| 2020 | N/A | -10.3% | 40.7% | N/A |
| 2019 | N/A | -9.5% | 22.1% | N/A |
Total Return Ranking - Trailing
| Period | QLMAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.2% | -3.4% | 20.8% | 3.97% |
| 1 Yr | 12.4% | 8.0% | 24.5% | 12.41% |
| 3 Yr | 1.0%* | -13.2% | 6.3% | 80.86% |
| 5 Yr | N/A* | -5.7% | 8.4% | N/A |
| 10 Yr | N/A* | -0.4% | 7.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | QLMAGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.8% | 2.6% | 28.2% | 36.97% |
| 2022 | -13.1% | -35.0% | -3.1% | 48.99% |
| 2021 | 3.4% | -11.5% | 32.0% | 95.10% |
| 2020 | N/A | -5.4% | 40.7% | N/A |
| 2019 | N/A | 4.5% | 27.7% | N/A |
NAV & Total Return History
QLMAGX - Holdings
Concentration Analysis
| QLMAGX | Category Low | Category High | QLMAGX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.38 B | 305 K | 50.8 B | 28.22% |
| Number of Holdings | 25 | 2 | 4065 | 53.22% |
| Net Assets in Top 10 | 310 M | 309 K | 10.3 B | 49.50% |
| Weighting of Top 10 | 68.69% | 9.7% | 111.4% | 59.65% |
Top 10 Holdings
- American Funds IS US Government Secs 1A 11.25%
- Fidelity 500 Index Fund 10.22%
- Fidelity US Bond Index 9.85%
- Fidelity VIP Investment Grade Bd II Init 7.74%
- American Funds IS The Bond Fd of Amer1A 6.98%
- MainStay VP Bond Init 4.95%
- Fidelity International Index Fund 4.83%
- PIMCO VIT Total Return Portfolio 4.52%
- BlackRock High Yield VI Fund 4.49%
- PIMCO International Bond Portfolio U.S. Dollar-Hedged 3.86%
Asset Allocation
| Weighting | Return Low | Return High | QLMAGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.85% | 0.00% | 100.11% | 10.64% |
| Convertible Bonds | 3.75% | 0.00% | 71.77% | 7.00% |
| Cash | 0.15% | -35.68% | 23.34% | 83.42% |
| Preferred Stocks | 0.00% | 0.00% | 21.95% | 35.15% |
| Other | 0.00% | -0.20% | 61.47% | 45.05% |
| Bonds | 0.00% | 0.00% | 79.72% | 50.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QLMAGX % Rank | |
|---|---|---|---|---|
| Technology | 19.23% | 0.22% | 27.92% | 31.99% |
| Utilities | 13.41% | 0.00% | 48.33% | 3.27% |
| Healthcare | 13.30% | 0.00% | 24.25% | 50.13% |
| Financial Services | 12.87% | 0.00% | 83.50% | 83.63% |
| Consumer Cyclical | 9.91% | 0.00% | 14.20% | 47.10% |
| Industrials | 8.94% | 0.14% | 17.90% | 75.06% |
| Communication Services | 7.82% | 0.00% | 11.11% | 25.94% |
| Consumer Defense | 5.93% | 0.00% | 18.62% | 82.62% |
| Energy | 3.49% | 0.00% | 62.93% | 79.60% |
| Basic Materials | 3.00% | 0.00% | 32.82% | 90.18% |
| Real Estate | 2.10% | 0.00% | 43.16% | 91.94% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QLMAGX % Rank | |
|---|---|---|---|---|
| US | 99.85% | 0.00% | 100.11% | 10.64% |
| Non US | 0.00% | 0.00% | 23.24% | 40.59% |
QLMAGX - Expenses
Operational Fees
| QLMAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.60% | 0.06% | 21.26% | 81.44% |
| Management Fee | 0.10% | 0.00% | 1.25% | 34.24% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.70% | N/A |
Sales Fees
| QLMAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| QLMAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| QLMAGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 61.00% | 2.00% | 380.00% | 75.34% |
QLMAGX - Distributions
Dividend Yield Analysis
| QLMAGX | Category Low | Category High | QLMAGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.28% | 0.00% | 7.99% | 59.16% |
Dividend Distribution Analysis
| QLMAGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| QLMAGX | Category Low | Category High | QLMAGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.74% | -1.22% | 6.83% | 48.74% |
Capital Gain Distribution Analysis
| QLMAGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.279 | OrdinaryDividend |
| Jun 13, 2023 | $0.017 | OrdinaryDividend |
| Dec 29, 2022 | $0.267 | OrdinaryDividend |
| Jun 16, 2022 | $0.011 | OrdinaryDividend |
| Jun 16, 2022 | $0.012 | CapitalGainShortTerm |
| Jun 16, 2022 | $0.019 | CapitalGainLongTerm |
| Jun 17, 2021 | $0.001 | OrdinaryDividend |
| Dec 30, 2020 | $0.126 | OrdinaryDividend |
| Dec 30, 2020 | $0.047 | CapitalGainShortTerm |
QLMAGX - Fund Manager Analysis
Managers
Thomas Picciochi
Start Date
Tenure
Tenure Rank
Apr 15, 2020
2.13
2.1%
Tom Picciochi, CAIA Head of Multi-Asset Portfolio Management • Responsible for Multi-Asset portfolio management. • Formerly senior portfolio manager for Deutsche Asset Management’s Quantitative Strategies group, and member of the Global Tactical Asset Allocation Investment Oversight Committee and portfolio manager for Absolute Return Strategies from 1999 to 2010. Prior to joining Deutsche Asset Management, he held various research and analysis positions at State Street Global Advisors, FPL Energy, Barnett Bank, Trade Finance Corporation and Reserve Financial Management over a 13 year period. • Education: BA from University of Miami; MBA from University of Miami.
Laura Green
Start Date
Tenure
Tenure Rank
Aug 07, 2021
0.81
0.8%
Laura Green, CFA Portfolio Manager • Member of the Portfolio Management group. During this time, she held portfolio manager and portfolio assistant positions. • Formerly at Deutsche Asset Management from 2007 – 2010. • Education: BA from University of Pennsylvania. "Laura Green is a vice president and portfolio manager within Franklin Templeton Investment Solutions. Ms. Green is responsible for asset allocation (multi-asset) strategies, including target-date, target-risk, volatility-controlled, ESG and customized solutions. Prior to joining Franklin Templeton, Ms. Green was a member of the Portfolio Management team at QS Investors, a quantitative multi-asset and equity manager, where she was responsible for managing similar strategies. QS Investors combined with Franklin Templeton Multi-Asset Solutions in October 2020 to create Franklin Templeton Investment Solutions. Before joining QS Investors in 2010, Ms .Green was a member of its predecessor, Deutsche Asset Management Quantitative Strategies group, where she held portfolio manager and portfolio assistant positions. Ms. Green holds a bachelor of arts in communication from the University of Pennsylvania. She also holds the Chartered Financial Analyst (CFA) designation"
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.37 | 2.41 |
