Multi-Asset

QLMADX Franklin Templeton Moderately Aggressive Model Portfolio

Overview

See the risks and other important information.

Fund Facts

Fund description

Seeks to achieve capital appreciation 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 60% to 70% in equity strategies and 30% to 40% in fixed income 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 3000 Index
Additional Benchmark: Russell 3000 Index/MSCI World Ex U.S.A. Index/Bloomberg U.S. Aggregate
Fund Inception Date: 04/15/2020
Share Class Inception Date: 04/15/2020

Sales Charges, Expenses & Fees

As of 05/01/2025

Gross Expense Ratio²: 0.85%
Net Expense Ratio^2,3: 0.85%
12b-1 Fee: 0.25%

Identifiers

Ticker: QLMADX
Fund Number: 7530
CUSIP Code: 52467X781
Bloomberg Code: QLMADX US

Top Asset Allocation

View portfolio section for additional info

As of 10/31/2025 % of Total (Updated Monthly)

Top Asset Allocation
US Large Cap Blend Equities34.76%
Investment Grade Bonds26.45%
International/Global Equities10.04%
US Large Cap Value Equities8.81%
US Large Cap Growth Equities8.54%
Small/Mid-Cap Equities3.90%
Sector Equities3.58%
Non-Investment Grade Bonds3.46%
Cash0.46%

Additional Fund Info

Asset Class: Multi-Asset
Morningstar Category⁴: Moderate Allocation
Lipper Classification: Mixed-Asset Target Allocation Growth 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

Managed Fund Since 2022

Managed Fund Since 2021

Managed Fund Since 2022

Latest Insights

November 7, 2025

Allocation Views: Measured conviction

October 13, 2025

Hedge Fund Strategy Outlook: Fourth quarter 2025

July 17, 2025

Hedge Fund Strategy Outlook: Third quarter 2025

July 10, 2025

The “Big Beautiful Bill:” Beauty is in the eye of the bondholder

Overall Morningstar Rating: Overall Morningstar Rating: 3 out of 5 stars
As of 10/31/2025

3 Years: 3 Years: 4 out of 5 stars
274 Funds in category

5 Years: 5 Years: 3 out of 5 stars
264 Funds in category

10 Years: —

Rating Category: Moderate Allocation

The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Morningstar Style Box

As of 10/31/2025

Current Historical
			Large
			Medium
			Small
Value	Blend	Growth
Style

Size

Source: Morningstar®. The style box reveals a fund's investment style. For equity funds, the vertical axis shows the market capitalization of the long stocks owned, and the horizontal axis shows the investment style (value, blend, or growth). For fixed income funds, the vertical axis shows the credit quality based on credit ratings and the horizontal axis shows interest-rate sensitivity as measured by effective duration. Placement is determined by fund portfolio holding figures most recently entered into Morningstar's database and corresponding market conditions. Shaded areas show the past 3 years of quarterly data. Past performance does not guarantee future results.

©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Portfolio

Assets

As of10/31/2025 (Updated Monthly)

Total Net Assets: $2.72 Billion

Positions

As of 10/31/2025 (Updated Monthly)

Number of Holdings

Fund: 29
Benchmark: 2,969

Asset Allocation

As of 10/31/2025 % of Total (Updated Monthly)

Asset Allocation
Holdings	Fund
US Large Cap Blend Equities	34.76%
Investment Grade Bonds	26.45%
International/Global Equities	10.04%
US Large Cap Value Equities	8.81%
US Large Cap Growth Equities	8.54%
Small/Mid-Cap Equities	3.90%
Sector Equities	3.58%
Non-Investment Grade Bonds	3.46%
Cash	0.46%

Holdings
As of 10/31/2025 (Updated Monthly)

Fidelity 500 Index Fund

Fidelity U.S. Bond Index Fund

Voya Growth and Income Portfolio

American Funds IS Growth

ClearBridge Variable Appreciation Portfolio

Fidelity VIP Investment Grade

Fidelity VIP Growth Opportunities

Fidelity VIP Equity-Income

American Funds IS The Bond Fd

Fidelity International Index Fund

Distributions & Tax

Federal ID Number 844572062

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 ($)

Year

Tax Information
Record Date	Ordinary Dividends Dividends paid by a fund that are derived from interest, dividends, net short-term capital gains and other types of ordinary income earned by the fund. For a fund that elects to pass through its foreign taxes paid (a non-cash item), a shareholder's allotted share of foreign taxes has been added to the “Ordinary Dividends” cash distributions received by the shareholder. If the fund passed through foreign taxes paid and later is refunded any portion of those taxes by a foreign tax authority, any interest paid to the fund on that refund is also required to be included in “Ordinary Dividends”.	Qualified Dividends The portion of a fund’s “Ordinary Dividends” that may be eligible for a reduced capital gain tax rate. To be eligible for the lower tax rates, certain holding periods apply and shareholders should consult their tax advisor to determine the amount eligible for the reduced rate. This amount represents both cash distributions and non-cash amounts, such as foreign taxes paid, that have been allocated to shareholders.	Capital Gain Distributions	Unrecaptured Section 1250 Gain	Non-Taxable Return Of Capital	Section 199a Dividends The portion of a fund’s “Ordinary Dividends” generated by a real estate investment trust or earned by a fund from its investments in real estate investment trusts, subject to limitations. Individual (non-corporate) shareholders may be entitled to a special deduction from gross income for “Section 199A Dividends” received from a fund. To qualify for this deduction certain holding periods apply and shareholders should consult their tax advisor.	Foreign Tax Paid	Exempt Interest Dividends	Interest on Tax Reclaim Refunds
Jun 10	0.041617	—	—	—	—	—	—	—	—
Dec 27	0.256072	—	—	—	—	—	—	—	—
	0.297689	—	—	—	—	—	—	—	—

Jun 10

Dec 27

Supplemental Tax Information

Foreign Source Income: —
Foreign Source Qualified Dividends: —
Direct U.S. Government Obligations The portion of “Ordinary Dividends” attributable to earnings from US Treasury and certain other government securities may be categorized as a fund containing US government obligations. This income may be exempt from state personal income taxes. The percentage for direct US government obligation interests available for tax-exempt treatment may be limited in states that require the fund to meet certain minimum thresholds. Shareholders should consult their tax advisor to determine the availability of exemptions in their state.: —
Specified Private Activity Bond Interest: —
Dividends Received Deduction: 23.06%
Section 163(j): —
Indiana Resident Taxable Income: —
Utah Resident Taxable Income The portion of “Exempt-Interest Dividends” subject to Utah income tax. Subject to certain exceptions, the state of Utah provides that income earned from non-federal government entities outside of Utah (non-Utah municipal bonds) is taxable to Utah resident shareholders. Income earned from states that do not tax Utah obligations are also exempt. Shareholders should consult their tax advisor about applicability.: —

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

Regulatory Documents
Checkbox	Name	Download
Checkbox	Annual Financial Statements and Other Information - Franklin Templeton Model Portfolio FundsMailed hardcopies unavailable.	Download Document
Checkbox	Annual Report - Franklin Templeton Moderately Aggressive Model Portfolio - Class II	Download Document
Checkbox	Semi-Annual Report - Franklin Templeton Moderately Aggressive Model Portfolio - Class II	Download Document
Checkbox	Semi-Annual Financial Statements and Other Information - Franklin Templeton Model Portfolio FundsMailed hardcopies unavailable.	Download Document
Checkbox	Prospectus - Franklin Templeton Model Portfolio Funds	Download Document
Checkbox	Summary Prospectus - Franklin Templeton Moderately Aggressive Model Portfolio	Download Document
Checkbox	Statement of Additional Information - Legg Mason Partners Variable Equity Trust Book 46Mailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q1 Holdings - Franklin Templeton Model Portfolio FundsMailed hardcopies unavailable.	Download Document
Checkbox	Fiscal Q3 Holdings - Franklin Templeton Model Portfolio Funds Q1 Portfolio HoldingMailed hardcopies unavailable.	Download Document

View Proxy Voting Records and Proxy Voting Policies

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 Composite Benchmark is a hypothetical representation of the performance of the fund's major asset classes. It consists of 60% Russell 3000 Index, 10% MSCI World Ex U.S.A. Index, and 30% 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 MSCI World ex USA Index captures large- and mid-cap representation across developed market countries, excluding the U.S. 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. 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.

The Russell 3000 Index measures the performance of the 3,000 largest U.S. companies based on total market capitalization.
Source: FTSE.

Footnotes

Net Asset Value - the amount per share you would receive if you sold shares that day. NAV Change indicates a change in the Net Asset Value from the previous business day.
Gross Expense Ratio reflects the total annual operating expenses for the share class shown, prior to the deduction of any waiver or reimbursement. Actual expenses may be higher and may impact portfolio returns. Net Expense Ratio reflects total expenses after any fee waivers, implemented expense caps or reimbursements. If a fund has contractual fee waivers, expense caps and/or reimbursements, the expiration date can be found by clicking on the information button next to the net expense ratio. Additional amounts may be voluntarily waived and/or reimbursed and may be modified or discontinued at any time without notice. Expense ratios are as of the most recent prospectus or annual report.
Net Expense Ratio represents the expense ratio applicable to investors.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products with at least a three-year history, and subject to change monthly. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total return, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total return. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not take into account the effects of sales charges and loads. Morningstar Rating is for the specified share class(es) only; other classes may have different performance characteristics.
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

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QLMADX Franklin Templeton Moderately Aggressive Model Portfolio

Popular Documents

Overview

Fund Facts

Fund description

Sales Charges, Expenses & Fees

Identifiers

Top Asset Allocation

Additional Fund Info

Manager and Commentary

About the Team

Latest Insights

Performance

Ratings ⁴

Portfolio

Assets

Positions

Asset Allocation

Holdings
As of 10/31/2025 (Updated Monthly)

Distributions & Tax

Federal ID Number 844572062

Distributions per Share ($)

Supplemental Tax Information

Pricing

Documents

Risks

Important Information

Footnotes

Individual Investor

Financial Professional

Institutional Investor

QLMADX Franklin Templeton Moderately Aggressive Model Portfolio

Popular Documents

Overview

Fund description

Sales Charges, Expenses & Fees

Identifiers

Top Asset Allocation

Additional Fund Info

Manager and Commentary

About the Team

Latest Insights

Performance

Ratings 4

Portfolio

Asset Allocation

Distributions & Tax

Federal ID Number 844572062

Pricing

Documents

Risks

Important Information

Footnotes

Ratings ⁴