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Managed Fund Since 2025
Multi-Asset
FFALX Franklin Global Allocation Fund
- Strategically aligned with the investment team's Investment Strategy and Research Committee.
- Globally diversified allocation strategy designed to deliver total return from capital appreciation and income.
- Actively managed at the asset class, sector, and security level to navigate changing market environments.
Popular Documents
Total Net Assets
$2.87B
As of 10/31/2025 (Updated Monthly)
Overview
Fund Facts
Fund description
The fund seeks the highest level of long-term total return that is consistent with an acceptable level of risk by investing in a diversified portfolio of debt and equity securities and, to a lesser extent, alternative strategies. The fund may shift its investments from one asset class to another based on the investment manager's analysis of the best opportunities for the fund's portfolio in a given market. Under normal market conditions, at least 40% of the fund's net assets are invested in non-US investments, including in emerging markets.
- Benchmark
4 - Blended Benchmark
- Additional Benchmark
- MSCI All Country World Index-NR
- Fund Inception Date
- 08/15/2003
- Dividend Frequency, if any
- Semiannually
- Number of Holdings
As of 10/31/2025 (Updated Monthly) - 253
Identifiers
- Ticker
- FFALX
- Fund Number
- 481
- CUSIP Code
- 35472P844
Average Annual Total Returns As of 10/31/2025
Class A
- 9.07%1 Year
- 12.54%3 Years
- 9.64%5 Years
- 5.92%10 Years
- 6.18%Since Inception
08/15/2003
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Sectors
As of 10/31/2025 - Market Value Equity as a % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 08/15/2003
- Investment Style
- Target Risk
- Lipper Classification
- Flexible Portfolio Funds
- Morningstar Category
- Global Moderate Allocation
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Commentary Highlights
September 30, 2025- Markets: Global equity markets advanced through the third quarter of 2025 as tariff anxieties gradually eased, central banks tilted more accommodative and technology leadership persisted. July’s tone improved on clearer trade signals and resilient US earnings; August added gains despite episodic volatility around new tariff measures; and September capped the quarter with a US Federal Reserve (Fed) interest-rate cut that steadied rate-sensitive assets and lifted risk appetite. The Fed lowered its target rate by 25 basis points (bps), while the European Central Bank held policy steady and the Bank of Japan kept rates unchanged but continued edging toward normalization.
- Contributors: Security selection strengthened relative returns across every asset class in the third quarter. Stock selection in the health care sector was a key driver of relative results. Security selection also supported relative performance in fixed income, including in sovereign emerging market, high-yield and corporate investment-grade bonds. From an asset class perspective, the fund’s equity overweight, off-benchmark exposure to alternatives, cash underweight and slight underweight to fixed income all contributed. Hedging some investments back to the US dollar (through currency forwards) also supported relative performance.
- Detractors: Stock selection in the consumer discretionary and information technology (IT) sectors weighed on relative results, although the fund’s IT sector positions still delivered double digit gains for the quarter. In fixed income, the fund was overweight sovereign developed market bonds outside the United States, which detracted as rising yields in several countries and political and fiscal uncertainty created headwinds.
- Outlook: We prefer to take a measured approach in assessing the strength of financial markets, examining the underlying macroeconomic and corporate environment. Our analysis finds a broadly positive setup for stocks, where improving business activity and solid economic growth have provided the platform for a strong second-quarter earnings season.
Franklin Templeton Investment Solutions
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Managed Fund Since 2024
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Managed Fund Since 2024
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Managed Fund Since 2025
Latest Insights
November 7, 2025
October 13, 2025
July 17, 2025
Performance
As of 10/31/2025
Class A - With Sales Charge (POP) (%)
Class A - Without Sales Charge (NAV) (%)
Blended Benchmark (%)
MSCI All Country World Index-NR (%)
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of10/31/2025 (Updated Monthly)
- Total Net Assets
- $2.87 Billion
Positions
As of 10/31/2025 (Updated Monthly)
Number of Holdings
- Fund
- 253
- Benchmark
- 2,511
Portfolio Statistics
As of 10/31/2025 (Updated Monthly)
Effective Duration
- Fund
- 5.08 Years
- Benchmark
- —
- Fund
- 3.48%
- Benchmark
- —
- Fund
- 19.49x
- Benchmark
- 23.33x
- Fund
- 6.24 Years
- Benchmark
- —
- Fund
- 3.30x
- Benchmark
- 3.61x
Asset Allocation
As of 10/31/2025 - Market Value % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 67.02% |
Fixed Income | 28.70% |
Cash & Cash Equivalents | 4.28% |
Holdings
As of 09/30/2025 (Updated Monthly)
Franklin Institutional U.S. Government Money Market Fund OEMF-SWEEP MONEY MARKET PORTFOLIO
NVIDIA Corp COM USD.001
Apple Inc COM USD.00001
Microsoft Corp COM USD0.001
Franklin Systematic Style Premia ETF ETF USD 1
Alphabet Inc COM USD.001 CL A
Johnson & Johnson COM USD1
United Kingdom Gilt 4.125% 01/29/2027 REG S
Booking Holdings Inc COM USD.008
AbbVie Inc COM USD NPV
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
- Distribution Frequency
- SemiannuallyThis fund is an ex-Dividend fund
- Capital Gain Distributions
- June, December
Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.
Distributions Per Share
12/19/2025
06/13/2025
Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.
The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.
Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.
Pricing
Pricing History
As of 11/13/2025 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 11/13/2025
Share Prices
As of 11/13/2025
POP and Sales Charge at Breakpoints
Less than $25,000
$25,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
52-Week Range
- Highest NAV
As of 11/12/2025 - $17.59
- Lowest NAV
As of 04/08/2025 - $14.50
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Global Allocation Fund | |||
| Product Commentary - Franklin Global Allocation Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Global Allocation Fund - Class A | |||
| Annual Financial Statements and Other Information - Franklin Global Allocation Fund | |||
| Semi-Annual Report - Franklin Global Allocation Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Franklin Fund Allocator Series | |||
| Prospectus - Franklin Global Allocation Fund | |||
| Summary Prospectus - Franklin Global Allocation Fund | |||
| Statement of Additional Information - Franklin Global Allocation Fund | |||
| Fiscal Q1 Holdings - Franklin Fund Allocator Series | |||
| Fiscal Q3 Holdings - Franklin Fund Allocator Series |
Risks
All investments involve risks, including possible loss of principal. Equity securities are subject to price fluctuation and possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. The investment style may become out of favor, which may have a negative impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. To the extent the portfolio invests in a concentration of certain securities, regions or industries, it is subject to increased volatility. To the extent the fund invests in alternative strategies, it may be exposed to potentially significant fluctuations in value. The manager may consider environmental, social and governance (ESG) criteria in the research or investment process; however, ESG considerations may not be a determinative factor in security selection. In addition, the manager may not assess every investment for ESG criteria, and not every ESG factor may be identified or evaluated. These and other risks are discussed in the fund’s prospectus.
Important Information
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
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Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
The MSCI All Country World Index is a market capitalization-weighted index that is designed to measure equity market performance of developed and emerging markets.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
The Blended Benchmark consists of 60% MSCI All Country World Index-NR, 30% Bloomberg Multiverse (100% hedged to USD) Index and 10% cash and cash equivalents. MSCI All Country World Index is a market capitalization-weighted index designed to measure the equity market performance of developed and emerging markets. The Bloomberg Multiverse (100% hedged to USD) Index provides a broad-based measure of the global fixed income bond market.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices.
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.