Fund Description

Franklin Corefolio Allocation Fund seeks capital appreciation through a diversified, multidisciplined approach. It targets both growth and value style investments by investing in approximately equal allocations of 25% to Franklin Growth Opportunities Fund, Franklin Growth Fund, Franklin Mutual Shares Fund and Templeton Growth Fund.

Strategy Statement

"As a result of the strategies utilized by its underlying funds, we believe the fund provides a diversified approach across investing styles, offering potential for long-term growth."


Thomas Nelson, CFA

Thomas Nelson, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2019
Wylie Tollette, CFA

Wylie Tollette, CFA®

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2021
Berkeley Revenaugh

Berkeley Revenaugh

  • Joined Franklin Templeton in 2019
  • Managed Fund Since 2021


Overall Morningstar Rating As of 08/31/2021

Rating Category: Allocation--85%+ Equity

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 08/31/2021

Years Ratings Funds
in category
3 Stars
3 Stars
3 Stars

Morningstar Style Box As of07/31/2021

Strategy, Benefits, Results


  • We invest in four underlying funds—Franklin Growth Opportunities Fund, Franklin Growth Fund, Templeton Growth Fund and Franklin Mutual Shares Fund.
  • These underlying funds form a portfolio consisting of both growth- and value-style stocks from around the world across a range of market capitalizations.


  • Diversification. We typically seek broad industry and country exposures for added diversification opportunities.
  • Low Common Holdings. The distinct investment approaches of the underlying managers generally leads to a low number of holdings common to all four underlying funds.
  • Automatic Rebalancing. We maintain consistent exposures to distinct investment strategies throughout changing market environments.