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Name

As of 08/19/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Franklin Multi-Asset Dynamic Multi-Strategy VIT

QDMSIX | Fund

$11.53

$28.2 M

0.00%

1.02%

Vitals

YTD Return

-14.9%

1 yr return

-7.7%

3 Yr Avg Return

0.4%

5 Yr Avg Return

1.2%

Net Assets

$28.2 M

Holdings in Top 10

87.3%

52 WEEK LOW AND HIGH

$11.5
$11.53
$13.88

Expenses

OPERATING FEES

Expense Ratio 1.02%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 08/19/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Franklin Multi-Asset Dynamic Multi-Strategy VIT

QDMSIX | Fund

$11.53

$28.2 M

0.00%

1.02%

QDMSIX - Profile

Distributions

  • YTD Total Return -14.9%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.86%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Franklin Multi-Asset Dynamic Multi-Strategy VIT
  • Fund Family Name
    Franklin Templeton Investments
  • Inception Date
    Nov 30, 2011
  • Shares Outstanding
    N/A
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Prashant Chandran

Fund Description

The fund is a fund of funds—it invests primarily in other funds. These underlying funds are mutual funds and exchange-traded funds (“ETFs”) managed by the manager or its affiliates, including other Legg Mason and Franklin Templeton investment managers, or ETFs that are based on an index and managed by unaffiliated investment advisers. When selecting investments to fulfill a desired strategic asset class exposure, the portfolio managers expect to allocate to Legg Mason and Franklin Templeton affiliated mutual funds and ETFs, provided that appropriate products are available. Franklin Advisers, Inc. (“Franklin Advisers”), one of the fund’s subadvisers, is responsible for implementation of the fund’s overall asset allocation and the Dynamic Risk Management strategy described below. Western Asset Management Company, LLC (“Western Asset”), the fund’s other subadviser, is responsible for the fund’s Event Risk Management strategy described below and manages the portion of the fund’s cash and short-term instruments allocated to it. 
The fund seeks to achieve its objectives by investing in a broad range of asset classes and investment styles, combined with multiple layers of risk management strategies. 
Target allocation  
Under normal market conditions, the fund’s target allocation for long-term investments (the “Target Allocation”) is 70% in equity funds and 30% in fixed income funds that are not money market funds (“long-term fixed income funds”). While changes to the Target Allocation are not expected to be frequent or substantial, the fund’s Target Allocation may range from 60% of its net assets in equity funds and 40% of its net assets in long-term fixed income funds to 75% of its net assets in equity funds and 25% of its net assets in long-term fixed income funds as, in Franklin Advisers’ opinion, market conditions warrant. As of December 31, 2021, the fund’s allocation to long-term investments was approximately 70% in equity funds and approximately 29% in long-term fixed income funds. 
The underlying funds have a variety of investment styles and focuses. The underlying equity funds include large, mid and small cap funds, growth and value-oriented funds, international funds and ETFs that are based on equity indexes. The underlying long-term fixed income funds include funds that invest in U.S. and non‑U.S. issuers, corporate, mortgage-backed and government securities, investment grade securities, securities rated below investment grade (commonly known as “junk” bonds) and ETFs that are based on fixed income indexes. As of December 31, 2021, approximately 10% of the fund’s net assets were allocated to international funds (although certain other underlying funds may invest in foreign securities). Franklin Advisers may invest the fund’s assets in underlying Legg Mason and Franklin Templeton-affiliated funds that have a limited performance history. 
In addition to these long-term investments, the fund may invest in short-term defensive instruments, including money market funds, Treasury bills and cash, and may enter into derivative transactions involving options, futures and swaps as a part of its risk management strategies. 
Risk management  
Franklin Advisers will implement a combination of risk management strategies that will attempt to reduce downside volatility within the fund. These strategies include Dynamic Risk Management and Event Risk Management, as described below. Through both strategies, the fund gives up some of the potential for high total return that could be achieved if the fund were to follow its Target Allocation under positive market conditions. In exchange, these strategies are intended to result in less significant declines in the fund’s net asset value under negative market conditions. The fund’s net asset value will fluctuate and is not guaranteed. 
Dynamic Risk Management. The Dynamic Risk Management strategy seeks to reduce the fund’s market risk exposure and volatility. As frequently as daily, the Dynamic Risk Management strategy may increase the fund’s exposure to short-term defensive instruments in response to certain levels of negative fund returns and/or volatility as described below. At other times in response to certain levels of positive fund returns and/or volatility, Dynamic Risk Management may reverse the process, also as described below, to return to the fund’s Target Allocation. The maximum daily allocation to short-term defensive instruments will be 95% of the fund’s net assets. As of December 31, 2021, the fund had less than 0.25% of its net assets allocated to short-term defensive instruments. 
In response to certain levels of negative fund returns and/or volatility, Franklin Advisers may increase the fund’s exposure to short-term defensive instruments (“de‑risking”) based on a formula that takes into account the fund’s current net asset value, macro-economic conditions, and the fund’s underlying volatility. In order to implement this strategy, Franklin Advisers anticipates that it will initially attempt to sell shares of unaffiliated ETFs and other liquid securities or engage in short sale transactions involving index options and index futures contracts. Then, Franklin Advisers would sell shares of underlying affiliated ETFs or redeem underlying open‑end mutual fund shares as needed. In response to certain levels of positive fund performance, the fund may purchase affiliated ETFs or underlying open‑end mutual fund shares or cover short futures positions (when the fund is not managed strictly according to the standard Target Allocation). Franklin Advisers, in its discretion, will determine the levels and timing for Dynamic Risk Management. If Franklin Advisers determines that de‑risking is no longer appropriate, the fund will reverse this process, sell short-term defensive instruments and purchase equity funds and long-term fixed income funds in accordance with the fund’s Target Allocation. 
Franklin Advisers may from time to time make tactical increases or decreases to the fund’s investment in a particular asset class beyond the Target Allocation based on a broad range of market and economic trends and quantitative factors. Franklin Advisers may also allow the relative weightings of the fund’s investments in asset classes to vary from its Target Allocation in response to the markets. When varying exposures among underlying funds, Franklin Advisers will examine relative values and prospects among the underlying funds’ asset classes, as well as the capacity of the underlying funds to absorb additional cash flow. 
Event Risk Management. The Event Risk Management strategy seeks to reduce the impact to the fund of market declines during a short period of time caused by, for example, sudden and substantial movements in the equity markets, interest rates or credit spreads. As of December 31, 2021, the fund had approximately 0.60% of its net assets invested in this strategy (as measured by the premiums paid on options or initial margin on futures contracts). However, the fund may invest up to 7% of its net assets at the time of purchase in this strategy (as measured by the premiums paid on options or initial margin on futures contracts). If the fund’s holdings in this strategy increase in value to over 7% of its net assets as a result of market movements, the fund will reduce, at least monthly, the amount of its assets invested in this strategy to no more than 7% of its net assets. The value of the fund’s assets invested in this strategy may be substantially higher than the value of the premiums paid or initial margin amounts on the instruments used to implement the strategy. If the value of the instruments in the Event Risk Management strategy declines after the fund has engaged in “de‑risking,” the fund’s net asset value could decline even if the broader markets rise in value. Conversely, if the value of the instruments in the Event Risk Management strategy increases after the fund has engaged in “de‑risking,” the fund’s net asset value could increase even if the broader markets fall in value. 
Western Asset’s views and outlook regarding potential unexpected market movements will determine the investments and strategies it employs in implementing the Event Risk Management strategy. During normal market conditions, the fund will implement the Event Risk Management strategy through investments in options, futures, swaps or other instruments. Since the Event Risk Management strategy seeks to primarily benefit from large and unexpected market movements, there may be times when the investment and transaction costs related to hedging will result in losses to the fund. The Event Risk Management strategy will be actively managed in an effort to reduce these costs when possible. 
Read More

QDMSIX - Performance

Return Ranking - Trailing

Period QDMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.9% -35.8% 108.5% 90.38%
1 Yr -7.7% -20.0% 50.6% 78.17%
3 Yr 0.4%* -4.2% 14.2% 99.04%
5 Yr 1.2%* -0.4% 11.5% 98.84%
10 Yr 3.8%* 2.2% 12.3% 97.36%

* Annualized

Return Ranking - Calendar

Period QDMSIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -39.0% 18.1% 17.73%
2022 -9.8% -20.9% 39.7% 98.86%
2021 13.3% -21.9% 25.7% 53.69%
2020 -8.9% -48.9% 6.3% 22.73%
2019 12.4% -7.3% 61.5% 14.40%

Total Return Ranking - Trailing

Period QDMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD -14.9% -35.8% 108.5% 89.62%
1 Yr -7.7% -23.8% 46.9% 68.02%
3 Yr 0.4%* -4.2% 15.9% 98.58%
5 Yr 1.2%* -0.5% 13.2% 98.23%
10 Yr 3.8%* 2.2% 12.3% 97.21%

* Annualized

Total Return Ranking - Calendar

Period QDMSIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.1% -39.0% 18.1% 17.86%
2022 -9.8% -20.9% 39.7% 98.86%
2021 13.3% -21.9% 25.7% 54.12%
2020 -8.9% -48.9% 6.3% 58.54%
2019 12.4% -5.9% 61.5% 52.22%

NAV & Total Return History

QDMSIX - Holdings

Concentration Analysis

QDMSIX Category Low Category High QDMSIX % Rank
Net Assets 28.2 M 658 K 207 B 93.58%
Number of Holdings 35 2 15351 58.44%
Net Assets in Top 10 861 M -6.38 M 48.5 B 36.57%
Weighting of Top 10 87.31% 8.4% 100.0% 18.60%

Top 10 Holdings

  1. BrandywineGLOBAL Global Opp Bd USDH IS 14.02%
  2. Western Asset Core Bond IS 13.67%
  3. Franklin U.S. Large Cap Equity IS 12.44%
  4. ClearBridge Appreciation IS 9.07%
  5. BrandywineGLOBAL Div US Large Value IS 5.84%
  6. ClearBridge Large Cap Growth IS 4.76%
  7. ClearBridge Aggressive Growth IS 4.51%
  8. Franklin U.S. Small Cap Equity IS 4.00%
  9. Franklin International Equity IS 3.96%

Asset Allocation

Weighting Return Low Return High QDMSIX % Rank
Stocks 		69.87% 0.00% 99.40% 5.47%
Bonds 		27.43% -82.31% 116.75% 80.19%
Cash 		1.78% -16.75% 158.07% 73.75%
Convertible Bonds 		0.90% 0.00% 23.84% 31.47%
Other 		0.02% -6.69% 48.03% 52.49%
Preferred Stocks 		0.00% 0.00% 27.92% 84.93%

Stock Sector Breakdown

Weighting Return Low Return High QDMSIX % Rank
Technology 		18.36% 0.00% 70.32% 54.45%
Healthcare 		13.66% 0.00% 52.26% 55.30%
Industrials 		12.34% 0.00% 33.21% 16.57%
Financial Services 		11.84% 0.00% 60.22% 86.11%
Consumer Defense 		9.73% 0.00% 23.01% 13.52%
Consumer Cyclical 		8.43% 0.00% 20.19% 67.84%
Communication Services 		8.06% 0.00% 100.00% 33.74%
Utilities 		5.54% 0.00% 99.55% 15.71%
Real Estate 		5.50% 0.00% 65.01% 24.97%
Basic Materials 		3.41% 0.00% 34.29% 70.28%
Energy 		3.13% 0.00% 85.65% 80.15%

Stock Geographic Breakdown

Weighting Return Low Return High QDMSIX % Rank
US 		58.95% -1.65% 98.67% 17.25%
Non US 		10.92% -0.44% 56.67% 50.67%

Bond Sector Breakdown

Weighting Return Low Return High QDMSIX % Rank
Government 		34.81% 0.00% 98.50% 34.14%
Derivative 		26.34% 0.00% 31.93% 1.34%
Corporate 		17.59% 0.00% 98.21% 89.06%
Securitized 		13.58% 0.00% 92.13% 60.02%
Cash & Equivalents 		7.67% 0.14% 100.00% 65.13%
Municipal 		0.01% 0.00% 87.00% 62.82%

Bond Geographic Breakdown

Weighting Return Low Return High QDMSIX % Rank
US 		19.03% -82.31% 80.50% 90.16%
Non US 		8.40% 0.00% 84.73% 16.28%

QDMSIX - Expenses

Operational Fees

QDMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.06% 7.62% 43.35%
Management Fee 0.45% 0.00% 1.83% 50.64%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

QDMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

QDMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

QDMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 343.00% 10.63%

QDMSIX - Distributions

Dividend Yield Analysis

QDMSIX Category Low Category High QDMSIX % Rank
Dividend Yield 0.00% 0.00% 13.39% 86.72%

Dividend Distribution Analysis

QDMSIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Monthly Monthly

Net Income Ratio Analysis

QDMSIX Category Low Category High QDMSIX % Rank
Net Income Ratio 0.86% -2.34% 19.41% 64.81%

Capital Gain Distribution Analysis

QDMSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Monthly Annually

Distributions History

View More +

QDMSIX - Fund Manager Analysis

Managers

Prashant Chandran

Start Date

Tenure

Tenure Rank

Nov 30, 2011

10.51

10.5%

– Western Asset Management Company, LLC – Portfolio Manager, 2007- – Tahoma Capital – 2005-2007 – Western Asset Management Company – Research Analyst, 2005 – Microsoft Corporation – Director, Capital Markets, 1999-2005 – University of Chicago, Graduate School of Business, M.B.A – University of Toledo, M.Sc. – Indian Institute of Technology, Bombay, B.Sc. – Chartered Financial Analyst

S. Leech

Start Date

Tenure

Tenure Rank

Mar 31, 2014

8.17

8.2%

– Western Asset Management Company, LLC – Chief Investment Officer, 1990– – Greenwich Capital Markets – Portfolio Manager, 1988–1990 – The First Boston Corporation – Fixed Income Manager, 1980–1988 – National Bank of Detroit – Portfolio Manager, 1977–1980 – The Wharton School, University of Pennsylvania, M.B.A., B.S., B.A., summa cum laude, 1972–1976

Thomas Picciochi

Start Date

Tenure

Tenure Rank

May 30, 2014

8.01

8.0%

Tom Picciochi, CAIA Head of Multi-Asset Portfolio Management • Responsible for Multi-Asset portfolio management. • Formerly senior portfolio manager for Deutsche Asset Management’s Quantitative Strategies group, and member of the Global Tactical Asset Allocation Investment Oversight Committee and portfolio manager for Absolute Return Strategies from 1999 to 2010. Prior to joining Deutsche Asset Management, he held various research and analysis positions at State Street Global Advisors, FPL Energy, Barnett Bank, Trade Finance Corporation and Reserve Financial Management over a 13 year period. • Education: BA from University of Miami; MBA from University of Miami.

Jim Huynh

Start Date

Tenure

Tenure Rank

May 01, 2015

7.09

7.1%

Jim K. Huynh is Portfolio Manager/Research Analyst at Western Asset Management Company; Employed by Western Asset Management Company since 2003.

Jacqueline Kenney

Start Date

Tenure

Tenure Rank

Aug 07, 2021

0.81

0.8%

Jacqueline Hurley, CFA, is a Portfolio Manager and a member of the Portfolio Management Group within QS Investors. Formerly at Deutsche Asset Management from 2008 – 2010. Prior to joining Deutsche Asset Management, she had 4 years of experience as a consultant at Bearing Point and Accenture. Ms. Hurley holds a B.A. in Computer Science from Colgate University and an M.B.A. in inance and Accounting from University of Michigan, Ross School of Business.

Laura Green

Start Date

Tenure

Tenure Rank

Aug 07, 2021

0.81

0.8%

Laura Green, CFA Portfolio Manager • Member of the Portfolio Management group. During this time, she held portfolio manager and portfolio assistant positions. • Formerly at Deutsche Asset Management from 2007 – 2010. • Education: BA from University of Pennsylvania. "Laura Green is a vice president and portfolio manager within Franklin Templeton Investment Solutions. Ms. Green is responsible for asset allocation (multi-asset) strategies, including target-date, target-risk, volatility-controlled, ESG and customized solutions. Prior to joining Franklin Templeton, Ms. Green was a member of the Portfolio Management team at QS Investors, a quantitative multi-asset and equity manager, where she was responsible for managing similar strategies. QS Investors combined with Franklin Templeton Multi-Asset Solutions in October 2020 to create Franklin Templeton Investment Solutions. Before joining QS Investors in 2010, Ms .Green was a member of its predecessor, Deutsche Asset Management Quantitative Strategies group, where she held portfolio manager and portfolio assistant positions. Ms. Green holds a bachelor of arts in communication from the University of Pennsylvania. She also holds the Chartered Financial Analyst (CFA) designation"

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.51 6.23 2.41

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