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Franklin Multi-Asset Variable Growth
mutual fund
QLMLTX
Payout Change
Pending
Price as of:
$15.97
+0.11
+0.69%
primary theme
U.S. Growth Allocation
share class
QLMLTX (Mutual Fund)
Franklin Multi-Asset Variable Growth
Payout Change
Pending
Price as of:
$15.97
+0.11
+0.69%
primary theme
U.S. Growth Allocation
share class
QLMLTX (Mutual Fund)
Franklin Multi-Asset Variable Growth
Payout Change
Pending
Price as of:
$15.97
+0.11
+0.69%
primary theme
U.S. Growth Allocation
share class
Name
As of 12/11/2024Price
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
Vitals
YTD Return
19.2%
1 yr return
22.8%
3 Yr Avg Return
4.1%
5 Yr Avg Return
8.7%
Net Assets
$75.6 M
Holdings in Top 10
98.9%
52 WEEK LOW AND HIGH
$15.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.81%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 19.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
QLMLTX - Profile
Distributions
- YTD Total Return 19.2%
- 3 Yr Annualized Total Return 4.1%
- 5 Yr Annualized Total Return 8.7%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 1.00%
- Dividend Yield 0.8%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameFranklin Multi-Asset Variable Growth
-
Fund Family NameFRANKLIN TEMPLETON
-
Inception DateJul 14, 2011
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Picciochi
Fund Description
The fund is a fund of funds—it invests in other mutual funds and may also invest in exchange-traded funds (“ETFs”) (such mutual funds and ETFs collectively referred to as “underlying funds”). The portfolio is managed as an asset allocation program and allocates its assets among mutual funds managed by the manager and its affiliates, including other Franklin Templeton investment managers. The fund may also invest in ETFs managed by the manager and its affiliates or unaffiliated investment advisers. When selecting underlying funds to fulfill a desired asset class exposure, the portfolio managers expect to allocate to Franklin Templeton affiliated underlying funds, provided that appropriate products are available.
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 normal market conditions, the portfolio managers will allocate between 70% to 100% of the fund’s assets to underlying funds that invest in equity and equity-like strategies and between 0% to 30% of the fund’s assets to underlying funds that invest in fixed income and fixed income-like strategies. The portfolio managers may, however, allocate fund assets to any underlying funds in varying amounts in a manner consistent with the fund’s investment objective. For underlying funds that invest in both equity and fixed income securities, and/or invest in alternative investments, the fund’s portfolio managers will make a reasonable determination to assign such underlying fund, or a percentage of such underlying fund, to the equity or fixed income asset class depending upon the underlying fund’s overall asset class exposures and/or volatility profile. The underlying fund’s allocation to each class will be measured at the time of purchase and may vary thereafter as a result of market movements.
The portfolio managers will seek to maintain a level of risk in the fund similar to that of the fund’s composite benchmark as defined under “Performance” below.
The underlying funds have a range of investment styles and focuses. The underlying funds may invest in U.S., foreign and/or emerging markets, may engage in derivative transactions, and may take both long and short positions in securities. The underlying equity funds may include exposure to any market capitalization or investment style, including growth or value strategies. 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. The underlying fixed income funds include funds investing in any sector, region or style, including foreign fixed income strategies, currency strategies, inflation-indexed securities, structured credit and distressed debt. 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 of any length and any credit quality, including securities rated below investment grade (commonly known as “junk bonds”). The underlying funds may have exposure to non-traditional, alternative investments, including commodities, real estate assets and infrastructure assets, among other types of alternative asset classes. The portfolio managers may invest the fund’s assets in underlying funds that have a limited performance history.
QLMLTX - Performance
Return Ranking - Trailing
| Period | QLMLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.2% | 9.9% | 25.9% | 55.19% |
| 1 Yr | 22.8% | 13.5% | 35.3% | 66.12% |
| 3 Yr | 4.1%* | -7.5% | 7.7% | 78.45% |
| 5 Yr | 8.7%* | 1.7% | 15.1% | 80.37% |
| 10 Yr | 6.6%* | 1.8% | 13.0% | 90.16% |
* Annualized
Return Ranking - Calendar
| Period | QLMLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.1% | -6.6% | 33.6% | 68.85% |
| 2022 | -25.4% | -44.4% | -9.8% | 51.93% |
| 2021 | 7.7% | -24.1% | 18.9% | 63.74% |
| 2020 | 5.3% | -10.9% | 60.4% | 84.05% |
| 2019 | 14.8% | 5.9% | 36.4% | 69.68% |
Total Return Ranking - Trailing
| Period | QLMLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 19.2% | 9.9% | 25.9% | 55.19% |
| 1 Yr | 22.8% | 13.5% | 35.3% | 66.12% |
| 3 Yr | 4.1%* | -7.5% | 7.7% | 78.45% |
| 5 Yr | 8.7%* | 1.7% | 15.1% | 80.37% |
| 10 Yr | 6.6%* | 1.8% | 13.0% | 90.16% |
* Annualized
Total Return Ranking - Calendar
| Period | QLMLTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 19.6% | 1.4% | 34.9% | 43.17% |
| 2022 | -14.8% | -43.2% | -3.8% | 14.36% |
| 2021 | 10.7% | -24.1% | 26.7% | 95.32% |
| 2020 | 11.2% | -5.3% | 62.8% | 87.12% |
| 2019 | 22.6% | 12.4% | 52.6% | 85.16% |
NAV & Total Return History
QLMLTX - Holdings
Concentration Analysis
| QLMLTX | Category Low | Category High | QLMLTX % Rank | |
|---|---|---|---|---|
| Net Assets | 75.6 M | 10.9 M | 130 B | 90.16% |
| Number of Holdings | 12 | 5 | 8145 | 78.14% |
| Net Assets in Top 10 | 74.8 M | 7.75 M | 26.1 B | 87.98% |
| Weighting of Top 10 | 98.92% | 20.0% | 106.4% | 25.68% |
Top 10 Holdings
- ClearBridge Large Cap Growth Fund 25.84%
- ClearBridge Appreciation Fund 17.68%
- Franklin US Large Cap Equity Fund 16.66%
- Franklin International Equity Fund 15.73%
- BrandywineGLOBAL - Diversified US Large Cap Value Fund 8.10%
- Franklin U.S. Core Bond ETF 7.05%
- ClearBridge Small Cap Growth Fund 2.69%
- Franklin Small Cap Value Fund 1.98%
- Franklin U.S. Treasury Bond ETF 1.62%
- Franklin US Small Cap Equity Fund 1.59%
Asset Allocation
| Weighting | Return Low | Return High | QLMLTX % Rank | |
|---|---|---|---|---|
| Stocks | 99.63% | 0.00% | 100.04% | 31.69% |
| Cash | 0.47% | 0.00% | 15.20% | 53.55% |
| Convertible Bonds | 0.26% | 0.00% | 3.88% | 14.21% |
| Preferred Stocks | 0.00% | 0.00% | 4.55% | 87.43% |
| Other | 0.00% | -57.83% | 9.83% | 79.23% |
| Bonds | 0.00% | 0.00% | 170.81% | 89.62% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | QLMLTX % Rank | |
|---|---|---|---|---|
| Financial Services | 19.94% | 9.56% | 42.24% | 2.75% |
| Healthcare | 16.60% | 2.06% | 19.02% | 8.79% |
| Technology | 14.80% | 1.75% | 32.38% | 91.21% |
| Consumer Cyclical | 11.49% | 1.15% | 24.72% | 41.21% |
| Industrials | 10.52% | 1.80% | 14.87% | 52.20% |
| Consumer Defense | 7.33% | 0.47% | 14.80% | 24.18% |
| Basic Materials | 5.51% | 0.00% | 8.62% | 20.88% |
| Communication Services | 4.77% | 1.90% | 13.69% | 96.15% |
| Energy | 4.30% | 0.00% | 31.98% | 43.96% |
| Utilities | 2.43% | 0.00% | 15.29% | 54.40% |
| Real Estate | 2.30% | 0.00% | 28.04% | 71.98% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | QLMLTX % Rank | |
|---|---|---|---|---|
| US | 99.63% | 0.00% | 100.04% | 31.69% |
| Non US | 0.00% | 0.00% | 32.92% | 87.43% |
QLMLTX - Expenses
Operational Fees
| QLMLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.81% | 0.23% | 3.92% | 75.41% |
| Management Fee | 0.00% | 0.00% | 1.30% | 31.69% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
| QLMLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| QLMLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| QLMLTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 19.00% | 0.18% | 300.02% | 48.82% |
QLMLTX - Distributions
Dividend Yield Analysis
| QLMLTX | Category Low | Category High | QLMLTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.82% | 0.00% | 8.81% | 62.84% |
Dividend Distribution Analysis
| QLMLTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
| QLMLTX | Category Low | Category High | QLMLTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.00% | -0.65% | 5.31% | 26.11% |
Capital Gain Distribution Analysis
| QLMLTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $0.131 | OrdinaryDividend |
| Dec 28, 2023 | $0.038 | CapitalGainShortTerm |
| Dec 28, 2023 | $0.203 | CapitalGainLongTerm |
| Jun 13, 2023 | $0.022 | OrdinaryDividend |
| Jun 13, 2023 | $0.345 | CapitalGainLongTerm |
| Dec 29, 2022 | $0.259 | OrdinaryDividend |
| Jun 16, 2022 | $0.156 | OrdinaryDividend |
| Jun 16, 2022 | $0.004 | CapitalGainShortTerm |
| Jun 16, 2022 | $1.183 | CapitalGainLongTerm |
| Jun 17, 2021 | $0.004 | OrdinaryDividend |
| Jun 17, 2021 | $0.449 | CapitalGainLongTerm |
| Dec 30, 2020 | $0.194 | OrdinaryDividend |
| Dec 30, 2020 | $0.099 | CapitalGainLongTerm |
| Jun 18, 2020 | $0.019 | OrdinaryDividend |
| Jun 18, 2020 | $0.033 | CapitalGainShortTerm |
| Jun 18, 2020 | $0.392 | CapitalGainLongTerm |
| Dec 27, 2019 | $0.188 | OrdinaryDividend |
| Dec 27, 2019 | $0.014 | CapitalGainShortTerm |
| Dec 27, 2019 | $0.016 | CapitalGainLongTerm |
| Jun 20, 2019 | $0.021 | ExtraDividend |
| Jun 20, 2019 | $0.663 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.095 | CapitalGainShortTerm |
| Dec 27, 2018 | $0.074 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.335 | OrdinaryDividend |
| Jun 21, 2018 | $0.046 | ExtraDividend |
| Jun 21, 2018 | $0.113 | CapitalGainShortTerm |
| Jun 21, 2018 | $0.497 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.103 | CapitalGainShortTerm |
| Dec 28, 2017 | $2.095 | CapitalGainLongTerm |
| Dec 28, 2017 | $0.272 | OrdinaryDividend |
| Jun 13, 2017 | $0.020 | ExtraDividend |
| Jun 13, 2017 | $0.383 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.200 | OrdinaryDividend |
| Dec 19, 2016 | $0.043 | CapitalGainLongTerm |
| Dec 23, 2015 | $0.199 | OrdinaryDividend |
| Jun 24, 2015 | $0.007 | ExtraDividend |
| Jun 24, 2015 | $0.006 | CapitalGainShortTerm |
| Jun 24, 2015 | $0.532 | CapitalGainLongTerm |
| Dec 29, 2014 | $0.261 | OrdinaryDividend |
| Jun 12, 2014 | $0.037 | ExtraDividend |
| Jun 12, 2014 | $0.147 | CapitalGainLongTerm |
| Dec 30, 2013 | $0.180 | OrdinaryDividend |
| Jun 18, 2013 | $0.074 | ExtraDividend |
| Dec 28, 2012 | $0.180 | OrdinaryDividend |
| Jun 20, 2012 | $0.054 | ExtraDividend |
| Dec 29, 2011 | $0.141 | OrdinaryDividend |
| Jun 08, 2011 | $0.041 | ExtraDividend |
| Dec 30, 2010 | $0.141 | OrdinaryDividend |
| Jun 18, 2010 | $0.041 | ExtraDividend |
| Dec 30, 2009 | $0.157 | OrdinaryDividend |
| Jun 18, 2009 | $0.063 | OrdinaryDividend |
| Dec 30, 2008 | $0.174 | OrdinaryDividend |
| Jun 19, 2008 | $0.029 | OrdinaryDividend |
| Jun 19, 2008 | $0.079 | CapitalGainLongTerm |
| Dec 28, 2007 | $0.220 | OrdinaryDividend |
| Jun 22, 2007 | $0.004 | CapitalGainShortTerm |
| Jun 22, 2007 | $0.955 | CapitalGainLongTerm |
QLMLTX - Fund Manager Analysis
Managers
Thomas Picciochi
Start Date
Tenure
Tenure Rank
May 30, 2014
8.01
8.0%
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"
Jacqueline Kenney
Start Date
Tenure
Tenure Rank
Aug 07, 2021
0.81
0.8%
Jacqueline Hurley, CFA, is a Portfolio Manager and a member of the Portfolio Management Group within QS Investors. Formerly at Deutsche Asset Management from 2008 – 2010. Prior to joining Deutsche Asset Management, she had 4 years of experience as a consultant at Bearing Point and Accenture. Ms. Hurley holds a B.A. in Computer Science from Colgate University and an M.B.A. in inance and Accounting from University of Michigan, Ross School of Business.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.19 | 26.6 | 6.51 | 2.41 |
