What happens if I only enable ASM in BIG-IP Under System > Resource Provisioning

Hi;

Let's say that I have a Big-IP device licensed for LTM and ASM. However, only the ASM module is enabled under System > Resource provisioning with a level of nominal.

I know that in this case, you can have a pool of only one member, but just to double check my information, I want to ask this questions:

Is my understanding above incorrect, and in this case, the system does load balance to multiple pool members, or I should enable the LTM module for this to happen?

Kindly

Wasfi