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Managed Fund Since 2012
Multi-Asset
FMTIX Franklin Moderate 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
Total Net Assets
$1.71B
As of 09/30/2025 (Updated Monthly)
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 60% to equity funds and 40% to fixed-income funds. The fund is designed for investors seeking a moderate level of risk with an intermediate investment horizon.
- Benchmark
4 - Linked Franklin Moderate 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
- 38%
Identifiers
- Ticker
- FMTIX
- Fund Number
- 485
- CUSIP Code
- 35472P307
Average Annual Total Returns As of 09/30/2025
Class A
- 4.57%1 Year
- 12.96%3 Years
- 6.60%5 Years
- 7.11%10 Years
- 6.39%Since Inception
12/31/1996
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 Asset Allocation
As of 09/30/2025 % of Total (Updated Monthly)
Additional Fund Info
- Share Class Inception Date
- 12/31/1996
- Investment Style
- Target Risk
- Lipper Classification
- Mixed-Asset Target Allocation Moderate Funds
- Morningstar Category
- 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
June 30, 2025- Global equities posted strong gains in the second quarter of 2025. The quarter began with US President Donald Trump’s announcement of reciprocal tariffs that were more sweeping and severe than many had expected, leading to significant financial market volatility. However, global trade tensions eased during the rest of the quarter as the United States delayed planned tariff hikes, reducing investor fears of a global recession.
- Investors remained concerned about elevated inflation levels in certain regions over the period, but reduced recession fears helped in improving consumer sentiment. A key driver of US equity gains was renewed enthusiasm for artificial intelligence, and the information technology sector led sector performers.
- Global aggregate bond indexes posted gains in the second quarter as yields fell for most government benchmark bonds. In the United States, the US Federal Reserve chose not to decrease the policy rate, waiting for more clarity around the inflationary impacts of announced trade policies. The European Central Bank continued its move to loosen monetary policy amid challenging trade negotiations—alongside subdued growth and inflation.
Franklin Templeton Investment Solutions
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Managed Fund Since 2021
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Managed Fund Since 2025
Latest Insights
October 13, 2025
October 10, 2025
July 17, 2025
Performance
As of 09/30/2025
Class A - With Sales Charge (POP) (%)
Class A - Without Sales Charge (NAV) (%)
Linked Franklin Moderate Allocation Fund Benchmark-NR (%)
MSCI All Country World Index-NR (%)
Bloomberg Multiverse Index (%)
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 of09/30/2025 (Updated Monthly)
- Total Net Assets
- $1.71 Billion
Positions
As of 09/30/2025 (Updated Monthly)
Number of Issuers
- Fund
- 21
- Benchmark
- 2,509
Asset Allocation
As of 09/30/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Equity | 62.46% |
Fixed Income | 34.31% |
Alternatives | 1.98% |
Cash & Cash Equivalents | 1.25% |
Holdings
As of 09/30/2025 (Updated Monthly)
FFAS-Franklin U.S. Core Equity (IU) Fund OEMF USD 1 CL A Income
Franklin U.S. Core Bond ETF ETF USD NPV TIS A/C# 28565
FCF-FRANKLIN GROWTH FUND OEMF USD NPV CL R6 TIS A/C# 4306
Franklin U.S. Treasury Bond ETF ETF USD NPV TIS A/C # 29614
Franklin Investment Grade Corporate ETF ETF USD NPV TIS A/C #21558
FFAS-Franklin International Core Equity (IU) Fund OEMF USD 1 CL USD INC Income
Putnam Large Cap Value Fund OEMF USD 1 CL R6 Income
Franklin U.S. Large Cap Multifactor Index ETF ETF USD NPV TIS A/C #25773
FFAS-FRANKLIN EMERGING MARKET CORE EQUITY (IU) FUND OEMF USD 1 CL USD INC Income
Franklin U.S. Equity Index ETF ETF USD NPV TIS A/C# 21414
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
- QuarterlyThis 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
09/29/2025
06/27/2025
06/13/2025
03/28/2025
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 10/31/2025 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 10/31/2025
Share Prices
As of 10/31/2025
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 10/28/2025 - $17.22
- Lowest NAV
As of 04/08/2025 - $14.49
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin Moderate Allocation Fund | |||
| Product Commentary - Franklin Moderate Allocation Fund |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin Moderate Allocation Fund - Class A | |||
| Annual Financial Statements and Other Information - Franklin Fund Allocator Series | |||
| Semi-Annual Report - Franklin Moderate Allocation Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Franklin Fund Allocator Series | |||
| Prospectus - Franklin Fund Allocator Series | |||
| Summary Prospectus - Franklin Moderate 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. Small- and mid-cap stocks involve greater risks and volatility than large-cap stocks. 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. 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 Bloomberg Multiverse Index provides a broad-based measure of the global fixed income bond market.
Source: Bloomberg Indices.
The Linked Franklin Moderate Allocation Fund Benchmark-NR reflects the performance of 38.5% S&P 500 Index, 16.5% MSCI EAFE Index, 35% Bloomberg U.S. Aggregate Index and 10% Payden & Rygel 90 Day U.S. T-Bill Index from fund inception to 12/31/2000; 38.5% S&P 500 Index, 16.5% MSCI EAFE Index-NR, 35% Bloomberg U.S. Aggregate Index and 10% Payden & Rygel 90 Day U.S. T-Bill Index from 1/1/2001 to 12/31/2012; 38.5% S&P 500 Index, 16.5% MSCI EAFE Index-NR and 45% Bloomberg U.S. Aggregate Index from 1/1/2013 to 12/31/14; and 60% MSCI AC World Index-NR and 40% Bloomberg Multiverse Index thereafter. Such a change can impact performance.
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.