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.

Strategy Statement

"We combine quantitative techniques with three sources of investment research—macroeconomic, asset class and fundamental—to offer investors a highly diversified portfolio accessed through a single investment decision."

Todd Brighton, CFA®

Management

Edward D. Perks, CFA

Edward D. Perks, CFA®

  • Joined Franklin Templeton in 1992
  • Managed Fund Since 2021
Todd Brighton, CFA

Todd Brighton, CFA®

  • Joined Franklin Templeton in 2000
  • Managed Fund Since 2021
Gene Podkaminer, CFA

Gene Podkaminer, CFA®

  • Joined Franklin Templeton in 2018
  • Managed Fund Since 2021

Rating

Overall Morningstar Rating As of 06/30/2021

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 06/30/2021

Years Ratings Funds
in category
3
2 Stars
415
5
2 Stars
362
10
3 Stars
229

Morningstar Style Box As of05/31/2021

Strategy, Benefits, Results

Strategy

  • Portfolio managers select from a wide universe of securities across asset classes, regions and sectors.
  • Final roster of investments decided based on multiple sources of research, leveraging insights from Franklin Templeton’s global network of investment professionals.
  • The fund’s portfolio is regularly monitored and adjusted, reflecting market views of the investment team.

Benefits

  • 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

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
  • Bonds are affected by changes in interest rates and the credit worthiness of their issuers. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds adjust to a rise in interest rates, the fund's share prices may decline.
  • Higher-yielding, lower-rated corporate bonds entail a greater degree of credit risk compared to investment grade securities.
  • Value securities may not increase in price as anticipated or may decline further in value.
  • Foreign investing carries additional risks such as currency and market volatility and political or social instability, risks which are heightened in developing countries.
  • To the extent the fund focuses on particular countries, regions, industries, sectors or types of investments from time to time, it may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.
  • In addition to risks associated with more traditional investments (e.g., market risk, credit risk, etc.), the Fund’s investments in alternative strategies may expose the Fund to potentially significant fluctuations in value.
  • These and other risks are discussed in the fund's prospectus.

Minimum Investment

$1,000.00

How Financial Professionals Help You

Speak with your financial professional about whether this fund is appropriate for you.

Learn more from FINRA about How to Find and Work with an Investment Professional.