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Managed Fund Since 2026
Multi-Asset
FTCRX Franklin Conservative Allocation Fund
- Single-Fund Solution. Access to our world class investment management groups — Franklin, Templeton and Franklin Mutual Series — in one investment vehicle.
- Diversification. Broad range of underlying funds provides diversification across style, sector and region.
Popular Documents
Overview
Fund Facts
Fund description
The fund seeks the highest level of long-term total return consistent with an acceptable level of risk. The manager allocates assets among broad asset classes by investing primarily in a distinctly weighted combination of other funds, predominately other Franklin Templeton affiliated mutual funds and exchange-traded funds. Under normal market conditions, the portfolio managers will allocate 40% to equity funds and 60% to fixed income funds. The fund is designed for investors seeking a lower level of risk with a shorter investment horizon.
- Benchmark
- Linked Franklin Conservative Allocation Fund Benchmark-NR
- Additional Benchmark
- MSCI All Country World Index-NR
- Additional Benchmark
- Bloomberg Multiverse Index
- Fund Inception Date
- 12/31/1996
- Dividend Frequency, if any
- Quarterly
- Portfolio Turnover
- 24%
Identifiers
- Ticker
- FTCRX
- Fund Number
- 884
- CUSIP Code
- 35472P703
Average Annual Total Returns As of 05/31/2026
Class R
- 14.07%1 Year
- 10.72%3 Years
- 4.34%5 Years
- 5.61%10 Years
- 5.44%Since Inception
12/31/1996
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.
Top Asset Allocation
As of 05/31/2026 % of Total (Updated Monthly)
Fixed Income51.04% | |
Equity42.97% | |
Alternatives3.49% | |
Cash & Cash Equivalents2.51% |
Additional Fund Info
- Share Class Inception Date
- 01/02/2002
- Investment Style
- Target Risk
- Lipper Classification
- Mixed-Asset Target Allocation Conservative Funds
- Morningstar Category
5 - Moderately Conservative 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.
Franklin Templeton Investment Solutions
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Managed Fund Since 2025
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Managed Fund Since 2012
Latest Insights
May 8, 2026
April 7, 2026
March 26, 2026
March 25, 2026
Performance
Average Annual Total Returns
As of 05/31/2026
Selected Month May 2026
Class R - With Sales Charge (POP) (%)
Month End
As of 05/31/2026
Class R - Without Sales Charge (NAV) (%)
Month End
As of 05/31/2026
Linked Franklin Conservative Allocation Fund Benchmark-NR (%)
Month End
As of 05/31/2026
MSCI All Country World Index-NR (%)
Month End
As of 05/31/2026
Bloomberg Multiverse Index (%)
Month End
As of 05/31/2026
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 6
©2026 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
Distributions & Tax
Pricing
Daily Fund Prices
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Conservative Allocation Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Conservative Allocation Fund - Class R | |||
| Annual Financial Statements and Other Information - Franklin Fund Allocator Series | |||
| Semi-Annual Report - Franklin Conservative Allocation Fund - Class R | |||
| Semi-Annual Financial Statements and Other Information - Franklin Fund Allocator Series | |||
| Prospectus - Franklin Fund Allocator Series | |||
| Summary Prospectus - Franklin Conservative Allocation Fund | |||
| Statement of Additional Information - Franklin Fund Allocator Series | |||
| Fiscal Q1 Holdings - Franklin Fund Allocator Series | |||
| Fiscal Q3 Holdings - Franklin Fund Allocator Series |
Risks
All investments involve risks, including possible loss of principal. The allocation of assets among different strategies, asset classes and investments may not prove beneficial or produce the desired results. Investments in underlying funds are subject to the same risks as, and indirectly bear the fees and expenses of, the underlying funds. 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. These and other risks are discussed in the fund’s prospectus.
Important 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, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
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.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
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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.
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.
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.
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.
The Linked Franklin Conservative Allocation Fund Benchmark-NR reflects the performance of 28% S&P 500 Index, 12% MSCI EAFE Index, 40% Bloomberg U.S. Aggregate Index and 20% Payden & Rygel 90 Day U.S. T-Bill Index from fund inception to 12/31/2000; 28% S&P 500, 12% MSCI EAFE Index-NR, 40% Bloomberg U.S. Aggregate Index and 20% Payden & Rygel 90 Day U.S. T-Bill Index from 1/1/2001 to 12/31/2012; 28% S&P 500 Index, 12%MSCI EAFE Index-NR and 60% Bloomberg U.S. Aggregate Index from 1/1/2013 to 12/31/2014; 40% MSCI World Index-NR and 60% Bloomberg Multiverse Index from 1/1/2015 to 4/30/2026; and 32% Russell 3000 index, 8% MSCI ACWI ex-US index, 48% Bloomberg Barclays U.S. Aggregate Bond index, 3% Bloomberg Barclays U.S. Corporate High Yield Bond Index, 9% Bloomberg Global Aggregate ex-USD (Hedged to USD) thereafter.
Sources: Bloomberg, FTSE, 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.
The Bloomberg Multiverse Index provides a broad-based measure of the global fixed income bond market.
Source: Bloomberg Indices.