PRICE AND YTD RETURN As of 07/28/2016

NAV down $-0.02 $2.74
POP $2.91
YTD Total return at Nav -0.95%

AVERAGE ANNUAL TOTAL RETURNS As of Quarter end 06/30/2016

Sales Charge

1 YEAR RETURN -14.49%
10 YEAR RETURN 4.53%


Investment Category Balanced / Hybrid
Distributions Quarterly
CUSIP 880 19R 583
Fund Number 325
Inception Date Jul 01, 2005
Total Net Assets (all share classes) As of 06/30/2016 $2,141.7 (M)
Distribution Rate at NAV As of 07/28/2016 1.93%
30-Day Standardized yield As of 06/30/2016 (updated monthly)
w/ Waiver 2.92%
w/o Waiver 2.92%

SALES CHARGE, EXPENSES, & FEES As of 08/01/2015 (updated annually)

Gross Expense Ratio 1.11%
Net Expense Ratio 1.11%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

The fund seeks both income and capital appreciation by investing in a diversified portfolio of global bonds and equities, and offers a dynamic, bottom-up allocation process. The fund normally invests at least 25% of its assets in fixed income senior securities and at least 25% of its assets in equity securities. Templeton Global Macro and the Templeton Global Equity Group meet regularly to determine the allocation mix reflective of where the teams are finding what they consider to be the most attractive opportunities.

Strategy Statement

"This fund combines our global equity and fixed income expertise, applying the same investment processes and consistency to our research and security selection that investors have come to expect. "

Michael Hasenstab, Ph.D


Michael Hasenstab, Ph.D

Michael Hasenstab, Ph.D

  • Joined Franklin Templeton in 1995
  • Managed Fund Since 2005
Heather Arnold, CFA, MBA

Heather Arnold, CFA®, MBA

  • Joined Franklin Templeton in 1997
  • Managed Fund Since 2005
Norman Boersma, CFA, MBA

Norman Boersma, CFA®, MBA

  • Joined Franklin Templeton in 1991
  • Managed Fund Since 2011
James Harper, CFA

James Harper, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2010
Chris Molumphy, CFA, MBA

Chris Molumphy, CFA®, MBA

  • Joined Franklin Templeton in 1988
  • Managed Fund Since 2005

Overall Morningstar Rating As of 06/30/2016

Rating Category: World Allocation

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 06/30/2016

Years Ratings Funds
in category
1 Stars
2 Stars
3 Stars

Morningstar Style Box As of 03/31/2016

Strategy, Benefits, Results


  • Value-Oriented Stock Selection. We invest in stocks selling at prices we believe are low relative to their intrinsic value, which are generally a subset of Templeton’s approved list. And because of the fund’s additional focus on income, dividend yield is also an important criterion.
  • Global Bond Selection. On the fixed income side, we identify specific investment opportunities in a wide variety of countries based on our analysis of interest rates, exchange rates and yield spreads.
  • Dynamic Portfolio Allocation. The fund’s bottom-up, dynamic asset allocation process is a team effort. We determine the asset mix by comparing absolute and relative valuations across asset classes relative to underlying fundamentals and levels of market volatility. This process allows the team with the largest number of high conviction ideas to constitute the largest part of the fund.


  • Global Expertise. The fund combines the global expertise and research resources of the Templeton Global Equity Group and Templeton Global Macro.
  • Global Diversification. The fund included investments in many countries and currencies. Global portfolio diversification may help provide a hedge against U.S. interest rate cycles, economic conditions and other domestic risks.
  • Professional, Dynamic Asset Allocation. The fund’s asset allocation is determined by comparing valuations across asset classes relative to underlying fundamentals and levels of market volatility. Depending on valuations and other factors, the investment team has the flexibility to adjust the allocation as necessary.

Investing In The Fund

All investments involve risks, including possible loss of principal. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments; investments in emerging markets involve heightened risks related to the same factors. 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 the fund adjust to a rise in interest rates, the fund's share price may decline. The risks associated with higher-yielding, lower-rated debt securities include higher risk of default and loss of principal. To the extent the fund focuses on particular countries, regions, industries, sectors or types of investment 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. The fund's investment in derivative securities, such as swaps, financial futures and option contracts, and use of foreign currency techniques involve special risks as such may not achieve the anticipated benefits and/or may result in losses to the fund. The markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the fund's ability to sell such securities when necessary to meet the fund's liquidity needs or in response to a specific market event. The fund's risk considerations are discussed in the prospectus.

Minimum Investment


How Financial Advisors Help You

Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.

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