# Portfolio overlap — LCGSX vs QLMLTX

Comparing **Franklin Multi-Asset Conservative Growth Fund** (2026-01-30) and **Franklin Multi-Asset Variable Growth** (2026-03-31).

- Shared positions: 8
- Franklin Multi-Asset Conservative Growth Fund covered by Franklin Multi-Asset Variable Growth: 0.4727294960945775996025988869
- Franklin Multi-Asset Variable Growth covered by Franklin Multi-Asset Conservative Growth Fund: 0.4727294960945775996025988870

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

| Security | Weight | Shared |
|----------|--------|--------|
| Franklin U.S. Core Bond ETF | 0.245332 | ✓ |
| Franklin U.S. Large Cap Equity Fund | 0.155932 | ✓ |
| ClearBridge Large Cap Growth Fund | 0.115986 | ✓ |
| Putnam Large Cap Value Fund, Class R6 | 0.099299 | ✓ |
| BrandywineGLOBAL - Flexible Bond Fund | 0.086311 |  |
| Franklin International Equity Fund | 0.040141 | ✓ |
| Putnam Large Cap Growth Fund, Class R6 | 0.035153 | ✓ |
| Franklin Small Cap Enhanced ETF | 0.034799 | ✓ |
| Franklin High Yield Corporate ETF | 0.034667 |  |
| Templeton Developing Markets Trust, Class R6 | 0.033637 |  |
| ClearBridge Appreciation Fund | 0.031880 |  |
| Franklin BSP Lending Fund, Class R6 | 0.024638 |  |
| Franklin Systematic Style Premia ETF | 0.020254 |  |
| Templeton Foreign Fund, Class R6 | 0.015538 |  |
| ClearBridge International Growth Fund, Class IS | 0.014523 |  |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF | 0.007522 |  |
| Invesco Government & Agency Portfolio, Institutional Class | 0.004388 | ✓ |

## Franklin Multi-Asset Variable Growth — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| Franklin U.S. Large Cap Equity Fund | 0.310130 | ✓ |
| Putnam Large Cap Value Fund, Class R6 | 0.184141 | ✓ |
| Putnam Large Cap Growth Fund, Class R6 | 0.177099 | ✓ |
| Franklin International Equity Fund | 0.138360 | ✓ |
| Franklin Small Cap Enhanced ETF | 0.055683 | ✓ |
| ClearBridge Large Cap Growth Fund | 0.055647 | ✓ |
| Franklin U.S. Core Bond ETF | 0.047369 | ✓ |
| Invesco Government & Agency Portfolio, Institutional Class | 0.015765 | ✓ |
| Franklin U.S. Treasury Bond ETF | 0.011079 |  |
| Franklin Investment Grade Corporate ETF | 0.004727 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-011281` (as of 2026-01-30)
  <https://www.sec.gov/Archives/edgar/data/880366/000094040026011281/0000940400-26-011281-index.htm>
- N-PORT (fund B) — accession `0000940400-26-021660` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1176343/000094040026021660/0000940400-26-021660-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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