Morningstar

Franklin Multi-Asset Defensive Growth Fund R LMLRX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks income as a primary objective and long-term growth of capital as a secondary objective. The fund is a fund of funds—it invests in other mutual funds, exchange-traded funds (“ETFs”) and closed-end funds (such funds collectively referred to as “underlying funds”). The portfolio managers will allocate between 15% to 45% of the fund’s assets to underlying funds that invest in equity and equity-like strategies and between 55% to 85% of the fund’s assets to underlying funds that invest in fixed income and fixed income-like strategies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LMGIX	Franklin Multi-Asset Defensive Growth Fund I	Institutional	Open			Mar 15, 2012	$1.34M	0.710%	Average	$1M	−$42,706.32
SBCPX	Franklin Multi-Asset Defensive Growth Fund A	Front Load	Open			Feb 5, 1996	$98.36M	1.010%	Average	$1,000	−$11.05M
LWLAX	Franklin Multi-Asset Defensive Growth Fund C	Level Load	Open			Aug 1, 2012	$162,711.00	1.800%	Above Average	$1,000	−$37,065.62
LMLRX	Franklin Multi-Asset Defensive Growth Fund R	Retirement, Medium	Open			Jun 2, 2014	$664,875.00	1.180%	Average	$0	−$2,545.01

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