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Managed Fund Since 2021
Multi-Asset
QVCIIX Franklin Multi-Asset Variable Conservative Growth Fund
Popular Documents
Total Net Assets
$77.19M
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Uses a "fund of funds" approach to invest 35% to 65% in underlying equity funds and 35% to 65% in underlying fixed income funds to achieve a balance of capital growth and current income. The Portfolio Managers are permitted to invest across all asset classes and strategies while attempting to maintain risk levels similar to the Fund's composite benchmark. Active monitoring and rebalancing serves to periodically adjust Portfolio allocation and holdings.
- Benchmark
- Russell 1000 Index
- Additional Benchmark
- Bloomberg U.S. Aggregate Index
- Additional Benchmark
- Composite Benchmark
- Fund Inception Date
- 02/05/1997
- Share Class Inception Date
- 06/23/2017
Identifiers
- Ticker
- QVCIIX
- Fund Number
- 7526
- CUSIP Code
- 52467M777
- Bloomberg Code
- QVCIIX US
Top Asset Allocation
As of 10/31/2025 % of Total (Updated Monthly)
US Large Cap Equity Funds45.21% | |
Fixed Income Funds41.62% | |
International/Global Equity Funds9.32% | |
US Small/Mid-Cap Equity Funds3.43% | |
Cash0.42% |
Additional Fund Info
- Asset Class
- Multi-Asset
- Morningstar Category
4 - Moderate Allocation
- Lipper Classification
- Mixed-Asset Target Allocation Moderate Funds
- Investment Style
- Asset Allocation
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Franklin Templeton Investment Solutions
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Managed Fund Since 2021
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Managed Fund Since 2025
Latest Insights
November 7, 2025
October 13, 2025
July 17, 2025
Ratings 4
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Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $77.19 Million
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 12
- Benchmark
- 1,011
Asset Allocation
As of 10/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
US Large Cap Equity Funds | 45.21% |
Fixed Income Funds | 41.62% |
International/Global Equity Funds | 9.32% |
US Small/Mid-Cap Equity Funds | 3.43% |
Cash | 0.42% |
Holdings
As of 10/31/2025 (Updated Monthly)
Franklin U.S. Core Bond ETF
Franklin US Large Cap Equity Fund
ClearBridge Large Cap Growth Fund
Franklin International Equity Fund
Putnam Large Cap Value Fund
Franklin U.S. Treasury Bond ETF
ClearBridge Appreciation Fund
Franklin Investment Grade Corporate ETF
ClearBridge Small Cap Growth Fund
Franklin US Small Cap Equity Fund
Distributions & Tax
- Distribution Frequency
- AnnuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
06/10/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Documents
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Financial Statements and Other Information - Franklin Variable Asset Allocation Series | |||
| Annual Report - Franklin Multi-Asset Variable Conservative Growth Fund - Class II | |||
| Semi-Annual Report - Franklin Multi-Asset Variable Conservative Growth Fund - Class II | |||
| Semi-Annual Financial Statements and Other Information - Franklin Variable Asset Allocation Series | |||
| Prospectus - Franklin Variable Asset Allocation Series | |||
| Summary Prospectus - Franklin Multi-Asset Variable Conservative Growth Fund | |||
| Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 37 | |||
| Fiscal Q1 Holdings - Franklin Variable Asset Allocation Series | |||
| Fiscal Q3 Holdings - Franklin Variable Asset Allocation Series Q3 Portfolio Holdings |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. Investments in underlying funds are subject to the same risks as, and indirectly bear the fees and expenses of, the underlying funds. Active and frequent trading may increase a shareholder’s tax liability and transaction costs. The portfolio is non-diversified and may invest in a relatively small number of issuers, which may negatively impact the fund's performance and result in greater fluctuation in the value of the fund's shares. Short selling is a speculative strategy. Unlike the possible loss on a security that is purchased, there is no limit on the amount of loss on an appreciating security that is sold short. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. Derivative instruments can be illiquid, may disproportionately increase losses, and have a potentially large impact on performance. These and other risks are discussed in the fund’s prospectus.
Important Information
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
All investments involve risk, including possible loss of principal. Please see each product's web page for specific details regarding investment objective, risks, performance, and other important information. Review this information carefully before you make any investment decision. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Carefully consider a fund’s investment objectives, risks, charges and expenses before investing. Please view the prospectus or summary prospectus for this and other information. Read it carefully.
Franklin Distributors, LLC serves as the distributor of Creation Units for the ETFs on an agency basis. Franklin Distributors, LLC does not maintain a secondary market in the funds' shares.
The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe.
Source: FTSE.
The Bloomberg U.S. Aggregate Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity.
Source: Bloomberg Indices.
The Composite Index is a hypothetical representation of the performance of the fund's major asset classes. It consists of 28% Russell 1000 Index, 12% Russell 2000 Index, 10% MSCI EAFE Index, 43% Bloomberg U.S. Aggregate Bond Index and 7% Bloomberg U.S. High Yield - 2% Issuer Cap Index.
The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. The Russell 2000 Index measures the performance of the small-cap segment of the U.S. equity universe. The MSCI EAFE Index is a free float-adjusted market-capitalization index designed to measure developed market equity performance, excluding the U.S. and Canada. The Bloomberg U.S. Aggregate Bond Index is comprised of investment-grade, U.S. dollar-denominated government, corporate, and mortgage- and asset-backed issues having at least one year to maturity. The Bloomberg U.S. High Yield - 2% Issuer Cap is the 2% Issuer Cap component of the Bloomberg U.S. Corporate High Yield Index, which covers the universe of fixed-rate, non-investment-grade debt.
Source: FTSE. MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices.