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Franklin Templeton Moderately Conservative Model Portfolio

As of 11/14/2025

NAV 1

$12.60

 
 

Overview

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 50% to 70% in fixed income strategies and 30% to 50% 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
Fund Information
Asset Class 
Multi-Asset
Total Net Assets  As of 10/31/2025 (Updated Monthly)
$480.94 Million
Fund Inception Date 
04/15/2020
Share Class Inception Date 
04/15/2020
Benchmark 
Bloomberg U.S. Aggregate Index
Investment Style 
Asset Allocation
Morningstar Category 
Moderately Conservative Allocation
Lipper Classification 
Mixed-Asset Target Allocation Conservative Funds
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio2 
0.59%
Net Expense Ratio23 
0.59%
12b-1 Fee 
0.00%
Identifiers
Ticker 
QLMAGX
Fund Number 
7307
CUSIP Code 
52467X757
Bloomberg Code 
QLMAGX US

Portfolio Managers

Jacqueline Hurley Kenney, CFA®

Connecticut, United States

Managed Fund Since 2022

Laura Green, CFA®

Connecticut, United States

Managed Fund Since 2021

Thomas Nelson, CFA®

Florida, United States

Managed Fund Since 2022

Nick Hooten, CFA®

New York, United States

Managed Fund Since 2022

Portfolio

Portfolio Holdings

Distributions & Tax

Distributions

Distribution Schedules

Dividend Frequency, if any  This fund is an ex-Dividend fund
Annually
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

Current Year Distributions Per Share
Distribution amounts may be estimates
Record Date  
12/27/2024
Ex-Dividend Date  
12/30/2024
Reinvestment Date  
12/30/2024
Payable Date  
12/30/2024
Reinvestment Price  
$11.4400
Long-Term Capital Gains  
$0.0000
Short-Term Capital Gains  
$0.0000
Income  
$0.3383
Total Distribution Per Share  
$0.3479

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.

Tax Information

Tax Information

Federal ID Number 844587070
For information on tax years prior to 2008, please contact us
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Record Date  
Jun 10
Ordinary Dividends  
0.032463
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
0.000915
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Dec 27
Ordinary Dividends  
0.338323
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
0.009531
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Record Date  
Ordinary Dividends  
0.370786
Qualified Dividends  
Capital Gain Distributions  
Unrecaptured Section 1250 Gain  
Non-Taxable Return Of Capital  
0.010446
Section 199a Dividends  
Foreign Tax Paid  
Exempt Interest Dividends  
Interest on Tax Reclaim Refunds  
Supplemental Tax Information
Foreign Source Income 
Foreign Source Qualified Dividends 
Direct U.S. Government Obligations 
Specified Private Activity Bond Interest 
Dividends Received Deduction 
12.37%
Section 163(j) 
Indiana Resident Taxable Income 
Utah Resident Taxable Income 

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Documents

Regulatory Documents

PDF Format

Fiscal Q3 Holdings - Franklin Templeton Model Portfolio Funds Q1 Portfolio Holding

Mailed hardcopies unavailable.

PDF Format

Summary Prospectus - Franklin Templeton Moderately Conservative Model Portfolio

PDF Format

Annual Report - Franklin Templeton Moderately Conservative Model Portfolio - Class I

PDF Format

Annual Financial Statements and Other Information - Franklin Templeton Model Portfolio Funds

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Franklin Templeton Model Portfolio Funds

Mailed hardcopies unavailable.

PDF Format

Prospectus - Franklin Templeton Model Portfolio Funds

PDF Format

Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 46

Mailed hardcopies unavailable.

PDF Format

Semi-Annual Report - Franklin Templeton Moderately Conservative Model Portfolio - Class I

PDF Format

Semi-Annual Financial Statements and Other Information - Franklin Templeton Model Portfolio Funds

Mailed hardcopies unavailable.

Risks

What Are the 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.