Franklin Multi-Asset Defensive Growth C (LWLAX)

Fund Assets	104.92M
Expense Ratio	1.875%
Min. Investment	$1,000
Turnover	94.00%
Dividend (ttm)	0.33
Dividend Yield	2.48%
Dividend Growth	-7.59%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 30, 2026

Previous Close	13.41
YTD Return	3.78%
1-Year Return	5.19%
5-Year Return	15.55%
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.

• Fund Family: Franklin Templeton Investments
• Category: Allocation--30% to 50% Equity
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: LWLAX
• Share Class: Class C
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

LWLAX had a total return of 5.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.13%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FTIWX	Fidelity	Fidelity Advisor Asset Manager 20% I	0.52%
FTTNX	Fidelity	Fidelity Advisor Asset Manager 30% M	1.00%
FCANX	Fidelity	Fidelity Advisor Asset Manager 30% C	1.57%
FTAWX	Fidelity	Fidelity Advisor Asset Manager 20% A	0.74%
FIKWX	Fidelity	Fidelity Advisor Asset Manager 30% Z	0.46%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
LMGIX	Class I	0.84%
SBCPX	Class A	1.16%
LMLRX	Class R	1.39%
LMGSX	Class Is	0.61%

Top 10 Holdings

90.33% of assets

Name	Symbol	Weight
Franklin U.S Core Bond ETF	FLCB	33.76%
BrandywineGLOBAL Flexible Bond IS	LFLSX	12.78%
Franklin U.S. Large Cap Equity IS	LMISX	12.57%
Putnam Large Cap Growth R6	PGOEX	8.05%
Putnam Large Cap Value R6	PEQSX	6.66%
Franklin U.S. Treasury Bond ETF	FLGV	5.46%
Franklin International Equity IS	LIESX	2.90%
Templeton Emerging Markets Equity R6	FDEVX	2.87%
Franklin High Yield Corporate ETF	FLHY	2.78%
Franklin BSP Lending Fund	FBREX	2.50%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0628	Sep 30, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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