# Portfolio overlap — LLMSX vs QLMLSX

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

- Shared positions: 8
- Franklin Multi-Asset Moderate Growth Fund covered by Franklin Multi-Asset Variable Moderate Growth: 0.6512120386863617201211945412
- Franklin Multi-Asset Variable Moderate Growth covered by Franklin Multi-Asset Moderate Growth Fund: 0.6512120386863617201211945412

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

| Security | Weight | Shared |
|----------|--------|--------|
| Franklin U.S. Large Cap Equity Fund | 0.208310 | ✓ |
| ClearBridge Large Cap Growth Fund | 0.154488 | ✓ |
| Putnam Large Cap Value Fund, Class R6 | 0.132609 | ✓ |
| Franklin U.S. Core Bond ETF | 0.113819 | ✓ |
| Franklin International Equity Fund | 0.053947 | ✓ |
| Putnam Large Cap Growth Fund, Class R6 | 0.047018 | ✓ |
| Franklin Small Cap Enhanced ETF | 0.046674 | ✓ |
| Templeton Developing Markets Trust, Class R6 | 0.044951 |  |
| ClearBridge Appreciation Fund | 0.042927 |  |
| BrandywineGLOBAL - Flexible Bond Fund | 0.040068 |  |
| Franklin BSP Lending Fund, Class R6 | 0.024502 |  |
| Templeton Foreign Fund, Class R6 | 0.020998 |  |
| Franklin Systematic Style Premia ETF | 0.020029 |  |
| ClearBridge International Growth Fund, Class IS | 0.019638 |  |
| Franklin High Yield Corporate ETF | 0.016070 |  |
| BrandywineGLOBAL-Dynamic US Large Cap Value ETF | 0.010131 |  |
| Invesco Government & Agency Portfolio, Institutional Class | 0.003821 | ✓ |

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

| Security | Weight | Shared |
|----------|--------|--------|
| Franklin U.S. Large Cap Equity Fund | 0.256621 | ✓ |
| Franklin U.S. Core Bond ETF | 0.164260 | ✓ |
| Putnam Large Cap Value Fund, Class R6 | 0.152034 | ✓ |
| Putnam Large Cap Growth Fund, Class R6 | 0.146275 | ✓ |
| Franklin International Equity Fund | 0.115084 | ✓ |
| Franklin Small Cap Enhanced ETF | 0.046316 | ✓ |
| ClearBridge Large Cap Growth Fund | 0.045372 | ✓ |
| Franklin U.S. Treasury Bond ETF | 0.038418 |  |
| Invesco Government & Agency Portfolio, Institutional Class | 0.019229 | ✓ |
| Franklin Investment Grade Corporate ETF | 0.016391 |  |


## Sources

- N-PORT (fund A) — accession `0000940400-26-011295` (as of 2026-01-30)
  <https://www.sec.gov/Archives/edgar/data/880366/000094040026011295/0000940400-26-011295-index.htm>
- N-PORT (fund B) — accession `0000940400-26-021634` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1176343/000094040026021634/0000940400-26-021634-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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