Fund Description

The fund seeks both income and capital appreciation by investing in a diversified portfolio of global bonds and equities, and offers a dynamic, bottom-up allocation process. The fund normally invests at least 25% of its assets in fixed income securities and at least 25% of its assets in equity securities.

Strategy Statement

"This fund combines our global equity and fixed income expertise, applying the same investment processes and consistency to our research and security selection that investors have come to expect. "

Michael Hasenstab, Ph.D

Management

Michael Hasenstab, Ph.D

Michael Hasenstab, Ph.D

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2005
Heather Arnold, CFA

Heather Arnold, CFA®

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2005
Norman Boersma, CFA

Norman Boersma, CFA®

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 2011
James Harper, CFA

James Harper, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2010
Christopher J. Molumphy, CFA

Christopher J. Molumphy, CFA®

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2005

Rating

Overall Morningstar Rating As of 04/30/2018

Rating Category: World Allocation

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 04/30/2018

Years Ratings Funds
in category
3
2 Stars
386
5
3 Stars
330
10
4 Stars
152

Morningstar Style Box As of12/31/2017

Strategy, Benefits, Results

Strategy

  • Value-Oriented Stock Selection. We invest in stocks selling at prices we believe are low relative to their intrinsic value, which are generally a subset of Templeton’s approved list. And because of the fund’s additional focus on income, dividend yield is also an important criterion.
  • Global Bond Selection. On the fixed income side, we identify specific investment opportunities in a wide variety of countries based on our analysis of interest rates, exchange rates and yield spreads.
  • Dynamic Portfolio Allocation. The fund’s bottom-up, dynamic asset allocation process is a team effort. We determine the asset mix by comparing absolute and relative valuations across asset classes relative to underlying fundamentals and levels of market volatility. This process allows the team with the largest number of high conviction ideas to constitute the largest part of the fund.

Benefits

  • Global Expertise. The fund combines the global expertise and research resources of the Templeton Global Equity Group and Templeton Global Macro.
  • Global Diversification. The fund included investments in many countries and currencies. Global portfolio diversification may help provide a hedge against U.S. interest rate cycles, economic conditions and other domestic risks.
  • Professional, Dynamic Asset Allocation. The fund’s asset allocation is determined by comparing valuations across asset classes relative to underlying fundamentals and levels of market volatility. Depending on valuations and other factors, the investment team has the flexibility to adjust the allocation as necessary.

Selling The Fund

  1. Explain how the fund's extensive geographic diversification provides access to investments that would be difficult for an investor to access on their own.
  2. Point out how the fund leverages the global expertise of the Templeton Global Equity Group and the Franklin Templeton Fixed Income Group®.

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