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Franklin Templeton Perspectives Allocation Fund  – 
FTPerAllA : Newspaper symbol FPAAX : NASDAQ symbol Asset Allocation : Fund Category
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Portfolio1 : View Details
Fund Description2

The fund seeks capital appreciation by investing in equal allocations to three underlying growth- and value-style funds—Franklin Flex Cap Growth Fund, Templeton Growth Fund and Mutual Shares Fund—that invest in equity securities around the world with a broad range of market capitalizations.

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Important News

FUND CLOSED

Effective June 22, 2010, Franklin Templeton Perspectives Allocation Fund was reorganized into Franklin Templeton Corefolio Allocation Fund. No additional purchases or exchanges into Franklin Templeton Perspectives Allocation Fund will be accepted.
 
Net Assets (millions) 148.30
Class A as of May 31, 2010
Portfolio Managers
T. Anthony Coffey, CFA®
Joined Franklin Templeton in 1989
Managed Fund since 2004
Fund Highlights
as of September 30, 2008
Top 10 Holdings
Microsoft Corp. 1.70%
Oracle Corp. 1.50%
Accenture Ltd. 1.30%
Comcast Corp. 1.30%
Siemens AG 1.20%
News Corporation Inc. 1.10%
Pfizer Inc. 1.10%
Berkshire Hathaway Inc. 1.00%
CVS Caremark Corp. 1.00%
Cisco Systems Inc. 1.00%
Asset Mix
as of May 31, 2010
(updated monthly)
Performance : View Details
Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or loss when you sell your shares.
Expense Ratio and Sales Charge Information

Expense Ratio: 1.39%
Max. Initial Sales Charge: 5.75%
CDSC: 0.00%

Hypothetical $10,000 Investment as of 03/31/2010
$10,000 invested in the fund at inception, with all dividend and capital gain distributions reinvested, including sales charges, would be worth:
$11,542.00
Distributions : View Details  
Distribution amounts may be estimates.  
Dividend Frequency  
Semiannually  
Most Recent Fund Distributions
Distribution Amount
Income distribution per share $0.016800
Distribution Schedule
Record date 06/17/10
Ex-Dividend date 06/18/10
Payable date 06/22/10
Reinvestment date 06/18/10
Fund Facts  
Inception date4 08/02/04
Fund number 185
CUSIP number 354 72P 695
Minimum initial investment $1,000
Max. initial sales charge 5.75%
CDSC 0.00%
Expense ratio5,6
as of May 01, 2010 (updated annually)		 1.39%
12b - 1 fees7 0.28%
Beta8
as of March 31, 2010 (updated quarterly)		 0.96
Fund Prices : Historical Prices as of 06/21/2010
Daily prices are the most current available.
NAV9 (Net Asset Value)
$9.74
NAV change (+/-) -$0.02
POP10 (Public Offering Price)
$10.33
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Important Legal Information

Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total Returns With Sales Charge: returns reflect the deduction of the stated sales charges. Total returns, distribution rate, and yields reflect any applicable expense reductions, without which the results for those impacted funds would have been lower.

For more information on any of our funds, contact your financial advisor or download a free prospectus. Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.

Because the Franklin Templeton Perspectives Allocation Fund invests in underlying funds that may engage in a variety of investment strategies involving certain risks, this fund of funds may be subject to those same risks. Stocks historically have outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term. Foreign investing carries additional risks such as currency and market volatility and political or social instability. In addition, focusing investments in a geographical region and in specialized industry sectors such as the technology sector, which has been among the most volatile in the market, involves special considerations. These and other risks are described more fully in the fund's prospectus.

Footnotes

  1. Portfolio holdings are subject to change.
  2. All of the funds are subject to certain risks. Generally, investments offering potential for higher returns are accompanied by a higher degree of risk. Stocks and other equities representing an ownership interest in a corporation have historically outperformed other asset classes over the long term, but tend to fluctuate more dramatically over the short term. Bond prices are affected by interest rate changes. Bond prices, and thus a bond fund's share price, generally move in the opposite direction of interest rates. As the price of bonds in a fund adjust to a rise in interest rates, the fund's share price may decline. High-yield, lower-rated (junk) bonds generally have greater price swings and higher default risks. Foreign investing, especially in emerging markets, has additional risks such as currency and market volatility and political and social instability. These and other risks pertaining to specific funds, such as those involving investments in specialized industry sectors, such as the technology sector, which has been among the most volatile sectors in the market, or use of complex securities, are discussed in each fund's prospectus.
  3. After-tax average annual total returns represent the average change in value of an investment on an annualized basis. Returns are calculated using the highest individual federal income tax rates; state and local taxes are not considered. Your actual after-tax returns depend on your particular tax situation and may differ from those shown. The before shares sold calculation assumes taxes are paid on fund distributions (dividends and capital gains) but does not reflect taxes that may be incurred upon sale or exchange of shares. The after shares sold calculation also adjusts for taxes due if the fund investment is sold at the end of the measurement period.
  4. For performance reporting purposes, the inception date for Classes A, R, Z and Advisor Class shares of all Franklin Templeton Funds is the date of effectiveness of the fund's registration statement or the first day the fund commenced operations. For Classes B and C shares, except as subsequently noted, the inception date is the first day the fund commenced offering such shares. Franklin Income Fund Class B uses the inception date of the old Class B shares, renamed Class B1. For Mutual Series Funds and Franklin International Small Cap Growth and Franklin Large Cap Equity Funds, the inception date for Classes A, B, C and R shares is the funds' oldest class', Z or Advisor, inception date.
  5. The expense ratio for this fund includes estimated indirect expenses of its underlying funds.
  6. The Gross Expense Ratio does not include an expense reduction contractually guaranteed through at least the dates noted below. Please see the prospectus for additional information. Total returns, yield and distribution rate reflect the expense reduction, without which the results would have been lower. Franklin All Cap Value Fund (2/28/11); Franklin Balanced Fund (2/28/11); Franklin Federal Limited-Term Tax-Free Income Fund (6/30/11); Franklin Focused Core Equity Fund (8/31/11); Franklin Global Real Estate Fund (11/30/10); Franklin India Growth Fund (2/28/11); Franklin International Growth Fund (11/30/10); Franklin International Small Cap Growth Fund (11/30/10); Franklin Large Cap Equity Fund (11/30/10); Franklin Low Duration Total Return Fund (2/28/11); Franklin MidCap Value Fund (2/28/11); Franklin Real Return Fund (2/28/11); FT 2015 Retirement Target Fund (4/30/11); FT 2025 Retirement Target Fund (4/30/11); FT 2035 Retirement Target Fund (4/30/11); FT 2045 Retirement Target Fund (4/30/11); FT Conservative Allocation Fund (4/30/11); FT Corefolio Allocation Fund (4/30/11); FT Founding Funds Allocation Fund (4/30/11); FT Growth Allocation Fund (4/30/11); FT Moderate Allocation Fund (4/30/11); F Tennessee Municipal Bond Fund (9/30/10); Franklin Total Return Fund (2/28/11); Mutual International Fund (4/30/11); Templeton Emerging Markets Small Cap Fund (7/31/11); Templeton Frontier Markets Fund (7/31/11); Templeton Global Total Return Fund (12/31/10); Templeton Income Fund (7/31/11); Templeton International Bond Fund (12/31/10).
  7. Represents the maximum amount of Rule 12b-1 distribution and service fees the Fund may pay.
  8. A measure of the fund's volatility relative to the market, as represented by the Russell 3000 Index. A beta greater than 1.00 indicates volatility greater than the market. Based on the 3-years ended as of the date of the calculation.
  9. The amount per share you would receive if you sold shares that day.
  10. Purchase price for each share of the fund on a given day. It includes the maximum initial sales charge, if any.

For U.S. residents only.