LLISX — Franklin Multi-Asset Growth Fund
Data updated: 2026-09-22
LLISX — Franklin Multi-Asset Growth Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $972.80M AUM. Holdings, fees, performance and SEC filings.
LLISX Fund Overview
LLISX — Franklin Multi-Asset Growth Fund is a US mutual fund managed by Legg Mason Partners Investment Trust, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Legg Mason Partners Investment Trust
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $972.80M
- Ticker: LLISX
- SEC CIK: 0000880366
- SEC series ID: S000016655
- Share class ID: C000187875
LLISX Investment Objective and Strategy
Franklin Multi-Asset Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Legg Mason Partners Investment Trust.
Investment objective
The fund seeks capital appreciation.
Principal investment strategy
The fund is a fund of fundsit invests in other mutual funds, exchange-traded funds (ETFs) and closed-end funds (such funds collectively referred to as underlying funds). The fund is managed as an asset allocation program and allocates its assets among underlying funds managed by the manager and its affiliates, including other Franklin Templeton investment managers. The fund may also invest in underlying funds managed by unaffiliated investment advisers. When selecting underlying funds to fulfill a desired asset class exposure, the portfolio managers expect to allocate to Franklin Templeton affiliated underlying funds, provided that appropriate products are available. The fund organizes its investments in underlying funds into two main asset classes: the equity class (equity securities of all types) and the fixed income class (fixed income securities of all types).
The portfolio managers may invest across all asset classes and strategies. Under normal market conditions, the portfolio managers will allocate between 70% to 100% of the funds assets to underlying funds that invest in equity and equity-like strategies and between 0% to 30% of the funds assets to underlying funds that invest in fixed income and fixed income-like strategies. The portfolio managers may, however, allocate fund assets to any underlying funds in varying amounts in a manner consistent with the funds investment objective. For underlying funds that invest in both equity and fixed income securities, and/or invest in alternative investments, the funds portfolio managers will make a reasonable determination to assign such underlying fund, or a percentage of such underlying fund, to the equity or fixed income asset class depending upon the underlying funds overall asset class exposures and/or volatility profile.
The underlying funds allocation to each class will be measured at the time of purchase and may vary thereafter as a result of market movements. The portfolio managers will seek to maintain a level of risk in the fund similar to that of the funds composite benchmark as defined under Performance below. The underlying funds have a range of investment styles and focuses. The underlying funds may invest in U.S., foreign and/or emerging markets, may engage in derivative transactions, and may take both long and short positions in securities. The underlying equity funds may include exposure to any market capitalization or investment style, including growth or value strategies. The underlying equity funds may employ strategies similar to those used by hedge funds, which may have a low correlation to broad stock market movements.
The underlying fixed income funds include funds investing in any sector, region or style, including foreign fixed income strategies, currency strategies, inflation-indexed securities, structured credit and distressed debt. Such funds may also seek to profit from changes in global financial markets and take positions to take advantage of changes in interest rates, exchange rates, liquidity and other macroeconomic factors. The underlying fixed income funds may also invest in securities having maturities of any length and any credit quality, including securities rated below investment grade (commonly known as junk bonds). The underlying funds may have exposure to non-traditional, alternative investments, including commodities, real estate assets and infrastructure assets, among other types of alternative asset classes.
The portfolio managers may invest the funds assets in underlying funds that have a limited performance history.
LLISX Holdings
Top 10 holdings of Franklin Multi-Asset Growth Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Legg Mason Partners Investment Trust | 29.20% |
| Putnam Investment Funds | 18.68% |
| Putnam Large Cap Value Fund | 16.01% |
| Legg Mason Global Asset Management Trust | 6.77% |
| Templeton Developing Markets Trust | 6.69% |
| Legg Mason Partners Investment Trust | 6.10% |
| Legg Mason Partners Investment Trust | 4.35% |
| Franklin Templeton ETF Trust | 3.64% |
| Franklin BSP Lending Fund | 2.37% |
| Franklin Templeton ETF Trust | 2.11% |
LLISX Portfolio Allocation
Asset-class allocation of Franklin Multi-Asset Growth Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.7% |
| Cash & Equivalents | 1.3% |
LLISX Performance
Total returns for LLISX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.5% |
| 1 year | 18.2% |
| 3 years (annualised) | 15.3% |
| 5 years (annualised) | 9.1% |
LLISX Risk Information
Risk metrics for LLISX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.9%
LLISX Costs and Fees
LLISX costs about $68 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.68%
- Gross expense ratio: 0.68%
- Portfolio turnover: 49%
- Brokerage commissions: 1.44 bps of average net assets (SEC N-CEN)
LLISX Cashflows
Over the 12 months to 2026-04, Franklin Multi-Asset Growth Fund had net inflows of $31.12M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$3.82M |
| 2026-03 | −$7.16M |
| 2026-02 | −$5.91M |
| 2026-01 | −$5.95M |
| 2025-12 | $39.08M |
| 2025-11 | −$4.71M |
LLISX Debt Constituents
No individual debt constituents are reported in Franklin Multi-Asset Growth Fund's latest SEC N-PORT filing.
LLISX Prospectus and SEC Filings
Official Franklin Multi-Asset Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-05-26
- Prospectus (485BPOS) — filed 2025-05-27
- Prospectus (485BPOS) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2026-09-22
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-25
- Annual census (N-CEN) — filed 2026-04-08
- Annual census (N-CEN) — filed 2025-04-09
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.