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 mutual funds, predominantly Franklin Templeton funds, and approximately 40% equity and 60% fixed income funds. The fund is designed for investors seeking a lower level of risk with a shorter 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 03/31/2019

Rating Category: Allocation--30% to 50% 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 03/31/2019

Years Ratings Funds
in category
3
4 Stars
488
5
3 Stars
386
10
2 Stars
268

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We do not publish a style box for this fund.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 lower 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?
  • While an asset allocation plan can be a valuable tool to help reduce overall volatility, all investments involve risks, including possible loss of principal.
  • Typically, the more aggressive the investment, or the greater the potential return, the more risk involved.
  • Generally, investors should be comfortable with some fluctuation in the value of their investments, especially over the short term.
  • 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.
  • Because this fund invests in underlying funds, which may engage in a variety of investment strategies involving certain risks, Franklin Conservative Allocation Fund may be subject to those same risks.
  • 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

Speak to your advisor about whether this fund is appropriate for you.

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