# Portfolio overlap — FLRHX vs QLMLFX

Comparing **Franklin LifeSmart 2035 Retirement Target Fund** (2026-03-31) and **Franklin Multi-Asset Variable Conservative Growth** (2026-03-31).

- Shared positions: 5
- Franklin LifeSmart 2035 Retirement Target Fund covered by Franklin Multi-Asset Variable Conservative Growth: 0.2926199853002573603444285927
- Franklin Multi-Asset Variable Conservative Growth covered by Franklin LifeSmart 2035 Retirement Target Fund: 0.2926199853002573603444285928

## Franklin LifeSmart 2035 Retirement Target Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Franklin U.S. Core Equity (IU) Fund | 0.227066 |  |
| Franklin U.S. Core Bond ETF | 0.115457 | ✓ |
| Franklin International Core Equity (IU) Fund | 0.089323 |  |
| Putnam Large Cap Value Fund, Class R6 | 0.061766 | ✓ |
| Franklin Growth Fund, Class R6 | 0.058298 |  |
| Franklin Investment Grade Corporate ETF | 0.053972 | ✓ |
| Franklin U.S. Treasury Bond ETF | 0.050260 | ✓ |
| Franklin Emerging Market Core Equity (IU) Fund | 0.047774 |  |
| Franklin U.S. Large Cap Multifactor Index ETF | 0.047261 |  |
| Franklin Templeton ETF Trust FTSE JAPAN ETF | 0.039421 |  |
| Templeton Developing Markets Trust, Class R6 | 0.036459 |  |
| Putnam Large Cap Growth Fund, Class R6 | 0.033656 | ✓ |
| Franklin Institutional US Government Money Market Fund | 0.032101 |  |
| Franklin High Yield Corporate ETF | 0.019568 |  |
| BrandywineGLOBAL - Global Opportunities Bond Fund, Class IS | 0.018171 |  |
| Franklin U.S. Equity Index ETF | 0.015644 |  |
| Templeton Foreign Fund, Class R6 | 0.015604 |  |
| Franklin Systematic Style Premia ETF | 0.010507 |  |
| ClearBridge International Growth Fund, Class IS | 0.009243 |  |
| VANGUARD TOTAL INTERNATIONAL BOND ETF | 0.007983 |  |
| ISHARES CORE MSCI EMERGING MUTUAL FUND | 0.007343 |  |
| ISH CORE EAFE | 0.003122 |  |

## Franklin Multi-Asset Variable Conservative Growth — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Franklin U.S. Core Bond ETF | 0.315477 | ✓ |
| Franklin U.S. Large Cap Equity Fund | 0.187596 |  |
| Putnam Large Cap Value Fund, Class R6 | 0.111113 | ✓ |
| Putnam Large Cap Growth Fund, Class R6 | 0.107923 | ✓ |
| Franklin International Equity Fund | 0.084373 |  |
| Franklin U.S. Treasury Bond ETF | 0.073786 | ✓ |
| Franklin Small Cap Enhanced ETF | 0.033954 |  |
| ClearBridge Large Cap Growth Fund | 0.032071 |  |
| Franklin Investment Grade Corporate ETF | 0.031481 | ✓ |
| Invesco Government & Agency Portfolio, Institutional Class | 0.022227 |  |


## Sources

- N-PORT (fund A) — accession `0002071691-26-012224` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1022804/000207169126012224/0002071691-26-012224-index.htm>
- N-PORT (fund B) — accession `0000940400-26-021649` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1176343/000094040026021649/0000940400-26-021649-index.htm>

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