Fund Description

The fund seeks the highest level of longterm 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 mutual funds, predominantly Franklin Templeton funds, and approximately 80% equity and 20% fixed income funds. The fund is designed for investors seeking a higher level of risk with a longer investment horizon.

Strategy Statement

"For the Franklin Templeton Allocation Funds, we carefully analyze and select underlying Franklin Templeton funds utilizing a variety of quantitative and qualitative measures."

Management

Thomas Nelson, CFA

Thomas Nelson, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2012
May Tong, CFA

May Tong, CFA®

  • Joined Franklin Templeton in 2018
  • Managed Fund Since 2019

Rating

Overall Morningstar Rating As of 10/31/2019

Rating Category: Allocation--70% to 85% Equity

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 10/31/2019

Years Ratings Funds
in category
3
4 Stars
307
5
3 Stars
274
10
3 Stars
194

Morningstar Style Box

We do not publish a style box for this fund.

Strategy, Benefits, Results

Strategy

  • The fund is designed to seek out the maximum long-term returns consistent with a higher level of risk.
  • The fund's manager will actively allocate the fund's assets to equity and fixed income investments, seeking to construct portfolios the fund’s manager believes are the best combinations of Franklin, Templeton and Franklin Mutual Series funds to meet the fund’s goals.
  • Evaluating multiple factors such as regional exposure, market capitalizations, investment style, credit quality and duration, the objective is to create a portfolio of funds displaying a history of more consistent performance over the long term with low relative correlations among themselves.

Benefits

  • 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.

Investing In The Fund

What Are the Risks?

  • All investments involve risks, including possible loss of principal.
  • Because this fund invests in underlying funds, it is subject to the same risks, and indirectly bears the fees and expenses, of the underlying funds.
  • Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
  • Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in a fund adjust to a rise in interest rates, that fund's share price may decline.
  • Foreign investing carries additional risks such as currency and market volatility and political or social instability; risks which are heightened in developing countries.
  • Growth stock prices reflect projections of future earnings or revenues, and can therefore fall dramatically if the company fails to meet those projections.
  • Value securities may not increase in price as anticipated or may decline further in value.
  • These risks are described in the fund's prospectus. Investors should consult their financial advisor for help selecting the appropriate fund of funds, or fund combination, based on an evaluation of their investment objectives and risk tolerance.

Minimum Investment

See Prospectus

How Financial Advisors Help You

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