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Managed Fund Since 2022
Multi-Asset
QLMAJX Franklin Templeton Conservative Model Portfolio
Popular Documents
Total Net Assets
$187.03M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
Seeks to achieve a balance of capital appreciation and income by investing in a portfolio of insurance-dedicated equity and fixed income mutual funds that have been selected by New York Life Insurance and Annuity Corporation as investment options for use with its variable annuity and variable universal life insurance policies. The Portfolio Managers are permitted to invest across multiple asset classes and strategies, with 70% to 90% in fixed income strategies and 10% to 30% in equity 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
- Bloomberg U.S. Aggregate Index
- Additional Benchmark
- Russell 3000 Index
- Additional Benchmark
- 20% Russell 3000 Index/ 80% Bloomberg U.S. Aggregate
- Fund Inception Date
- 04/15/2020
- Share Class Inception Date
- 04/15/2020
Identifiers
- Ticker
- QLMAJX
- Fund Number
- 7310
- CUSIP Code
- 52467X724
- Bloomberg Code
- QLMAJX US
Top Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
Investment Grade Bonds69.63% | |
US Large Cap Blend Equities15.79% | |
Non-Investment Grade Bonds7.00% | |
US Large Cap Growth Equities2.99% | |
US Large Cap Value Equities1.53% | |
Small/Mid-Cap Equities1.51% | |
International/Global Equities1.04% | |
Cash0.51% |
Additional Fund Info
- Asset Class
- Multi-Asset
- Morningstar Category
4 - Conservative Allocation
- Lipper Classification
- N/A
- 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
![[Thomas Nelsons avatar]](https://franklintempletonprod.widen.net/content/wb0irvxlsv/webp/Nelson_Thomas_500x500.png){kind=avatar}
Managed Fund Since 2022
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Managed Fund Since 2022
Latest Insights
January 9, 2026
October 13, 2025
July 17, 2025
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $187.03 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 19
- Benchmark
- 13,940
Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Investment Grade Bonds | 69.63% |
US Large Cap Blend Equities | 15.79% |
Non-Investment Grade Bonds | 7.00% |
US Large Cap Growth Equities | 2.99% |
US Large Cap Value Equities | 1.53% |
Small/Mid-Cap Equities | 1.51% |
International/Global Equities | 1.04% |
Cash | 0.51% |
Holdings
As of 12/31/2025 (Updated Monthly)
American Funds IS US Governmen
Fidelity 500 Index Fund
Fidelity U.S. Bond Index Fund
Fidelity VIP Investment Grade
American Funds IS The Bond Fd
MainStay VP Bond
Blackrock High Yield
American Funds IS Capital Worl
PIMCO VIT Total Return
PIMCO VIT International Bond (USD-Hedged)
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
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
12/29/2025
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 Templeton Model Portfolio Funds | |||
| Annual Report - Franklin Templeton Conservative Model Portfolio - Class II | |||
| Semi-Annual Report - Franklin Templeton Conservative Model Portfolio - Class II | |||
| Semi-Annual Financial Statements and Other Information - Franklin Templeton Model Portfolio Funds | |||
| Prospectus - Franklin Templeton Model Portfolio Funds | |||
| Summary Prospectus - Franklin Templeton Conservative Model Portfolio | |||
| Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 46 | |||
| Fiscal Q1 Holdings - Franklin Templeton Model Portfolio Funds | |||
| Fiscal Q3 Holdings - Franklin Templeton Model Portfolio Funds Q1 Portfolio Holding |
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 Templeton Conservative Model Portfoli is a series of Franklin Templeton Variable Insurance Products Trust, shares of which are generally sold only to insurance company separate accounts to serve as investment options for variable insurance products.
Past performance is no guarantee of future results. These portfolios are available as investment options under a variable annuity or variable life contract. Shares of the portfolios are offered only to insurance company separate accounts that fund certain variable annuity or life contracts. These portfolios may not be available in all states and may only be offered in certain variable products. Please refer to the prospectuses. Variable annuities are long-term, tax-deferred investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Withdrawals made prior to age 59 1/2 are subject to a 10% IRS penalty charge and/or surrender charges. Investments in a variable annuity are subject to market risks, including loss of principal. Guarantees are based on the claims-paying ability of the insurer.
VARIABLE ANNUITIES ARE SOLD BY PROSPECTUS ONLY. AN INVESTOR SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO CAREFULLY BEFORE INVESTING. THE PROSPECTUSES CONTAIN THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INSURANCE CONTRACT AND THE UNDERLYING PORTFOLIO. FOR A FREE PROSPECTUS ON THE UNDERLYING PORTFOLIO, PLEASE CLICK ON THE PROSPECTUS LINK. AN INVESTOR SHOULD READ THE PROSPECTUSES CAREFULLY BEFORE INVESTING.
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.
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.
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 Benchmark is a hypothetical representation of the performance of the fund's major asset classes. It consists of 20% Russell 3000 Index and 80% Bloomberg U.S. Aggregate Index.
The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization. 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.
Source: FTSE. Bloomberg Indices.
The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Source: FTSE.
Franklin Distributors, LLC. Member FINRA/SIPC. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
FINANCIAL ADVISORS: Please note that not all share classes may be available for sale at your firm. Please call Franklin Templeton at (800) 530-2432 for more information.