Franklin Multi-Asset Defensive Growth Fund (LWLAX)
| Fund Assets | 104.92M |
| Expense Ratio | 1.92% |
| Min. Investment | $1,000 |
| Turnover | 94.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 4.15% |
| Dividend Growth | 39.06% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 13.53 |
| YTD Return | 3.75% |
| 1-Year Return | 9.31% |
| 5-Year Return | 15.39% |
| 52-Week Low | 13.17 |
| 52-Week High | 14.16 |
| Beta (5Y) | 0.39 |
| Holdings | 20 |
| Inception Date | Aug 1, 2012 |
About LWLAX
Franklin Multi-Asset Defensive Growth Fund Class C is a multi-asset mutual fund designed to provide income as its primary objective, with a secondary focus on long-term capital growth. Employing a "fund of funds" strategy, this fund allocates assets across a diverse blend of underlying funds representing both traditional and non-traditional asset classes. Typically, it maintains an equity allocation between 15% and 45%, while the majority—ranging from 55% to 85%—is invested in a variety of fixed income strategies. This balanced approach aims to reduce volatility and provide defensive characteristics against large market swings, making the fund relevant for investors seeking diversified exposure while prioritizing capital preservation. The fund influences multiple market sectors through its broad asset allocation, including equities, domestic and global bonds, and alternative strategies. By spreading investments across different markets and instruments, Franklin Multi-Asset Defensive Growth Fund Class C plays a notable role in offering a disciplined, risk-aware portfolio solution within the multi-asset fund landscape.
Performance
LWLAX had a total return of 9.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.21%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
90.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Franklin U.S Core Bond ETF | FLCB | 36.54% |
| BrandywineGLOBAL Flexible Bond IS | LFLSX | 12.53% |
| Franklin U.S. Large Cap Equity IS | LMISX | 11.60% |
| Putnam Large Cap Growth Fund | PGOEX | 6.84% |
| Putnam Large Cap Value Fund | PEQSX | 6.31% |
| Franklin High Yield Corporate ETF | FLHY | 5.14% |
| ClearBridge Large Cap Growth IS | LSITX | 3.57% |
| Templeton Emerging Markets Equity R6 | FDEVX | 3.16% |
| Short-Term Investment Trust - Invesco Government & Agency Portfolio | AGPXX | 2.46% |
| Franklin BSP Lending Fund | FBREX | 2.44% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.05581 | Jun 30, 2026 |
| Mar 31, 2026 | $0.04285 | Mar 31, 2026 |
| Dec 30, 2025 | $0.39938 | Dec 30, 2025 |
| Sep 30, 2025 | $0.06405 | Sep 30, 2025 |
| Jun 30, 2025 | $0.0989 | Jun 30, 2025 |
| Mar 31, 2025 | $0.04416 | Mar 31, 2025 |