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FGTIX

Franklin Growth Allocation Fund

As of 03/16/2026

NAV 1

$21.61

$0.23 (1.08%)
 

POP 2

$22.87

 
 

YTD Total Return At NAV 3

-0.41%

 
As of 02/28/2026

Morningstar Overall Rating™ 4

Moderately Aggressive Allocation

Overview

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, predominantly other Franklin Templeton affiliated mutual funds and exchange-traded funds. Under normal market conditions, the portfolio managers will allocate 80% to equity funds and 20% to 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."

Thomas Nelson, CFA®

Strategy & Benefits

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.

Investment Philosophy, Strategy and Approach

Investment Strategy and Process
  • Top Down/Bottom Up: Leveraging a wide range of current market and economic insights from across the Franklin Templeton complex, timely investment themes are formed into asset allocation recommendations. These are then partnered with a short list of Franklin Templeton funds identified through intensive research by our dedicated fund research team.
  • Diversification: Few companies can match the depth and breadth of investment expertise Franklin Templeton target-risk and target-date funds can offer with access to a wide range of funds, covering nearly all asset classes. A diverse group of underlying investments provides the flexibility to gain exposure to varied sectors of the market.
  • Active Asset Allocation: The funds seek to balance strategic allocation with active diversification as a method of providing superior long-term returns with lower overall volatility.
  • Focused on Long-Term Results: Long-term strategic allocations utilize models that are determined to possess the most attractive risk/reward characteristics. This focus on achieving attractive long-term, risk-adjusted performance offers you the potential for competitive relative returns in a variety of market conditions.
Fund Information
Asset Class 
Multi-Asset
Share Class Inception Date 
12/31/1996
Fund Inception Date 
12/31/1996
Benchmark 
Linked Franklin Growth Allocation Fund Benchmark-NR
Additional Benchmark 
MSCI All Country World Index-NR
Additional Benchmark 
Bloomberg Multiverse Index
Investment Style 
Target Risk
Lipper Classification 
Mixed-Asset Target Allocation Growth Funds
Morningstar Category5 
Moderately Aggressive Allocation
Dividend Frequency, if any 
Quarterly
Total Net Assets  As of 02/28/2026 (Updated Monthly)
$1.53 Billion
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio6 
0.85%
Net Expense Ratio67 
0.85%
Maximum Initial Charge 
5.50%
CDSC8 
N/A
12b-1 Fee 
0.25%
Identifiers
Ticker 
FGTIX
Fund Number 
486
CUSIP Code 
35472P505

Portfolio Managers

Thomas Nelson, CFA®

Florida, United States

Managed Fund Since 2012

Berkeley Belknap

California, United States

Managed Fund Since 2021

Laura Green, CFA®

Connecticut, United States

Managed Fund Since 2025

Performance

Portfolio

Portfolio Holdings

Distributions & Tax

Distribution Schedules

Dividend Frequency, if any This fund is an ex-Dividend fund
Quarterly
Capital Gain Distributions 
June, December

Rates and Yields

Read important information about results and other investment disclosures

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

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
12/29/2025
Ex-Dividend Date  
12/30/2025
Reinvestment Date  
12/30/2025
Payable Date  
12/30/2025
Reinvestment Amount  
$21.82000
Long-Term Capital Gains  
$0.66120
Short-Term Capital Gains  
$0.02260
Income  
$0.22020
Total Distribution Per Share  
$0.90400

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 Chart

As of 03/16/2026 Updated Daily

Daily Fund Prices and Breakpoints

As of 03/16/2026

Share Prices

As of 03/16/2026
NAV1 (Net Asset Value)
$21.61
NAV Change1 
$0.23
NAV Change (%)1 
1.08%
POP2 (Public Offering Price)
$22.87

52-Week Range

Highest NAV  As on 12/26/2025
$22.80
Lowest NAV  As on 04/08/2025
$18.10
POP and Sales Charge at Breakpoints

Investment

Sales Charge

POP

Less than $25,000 5.50%$22.87
$25,000 - $49,999 5.25%$22.81
$50,000 - $99,999 4.50%$22.63
$100,000 - $249,999 3.50%$22.39
POP and Sales Charge at Breakpoints
Investment  
Less than $25,000
Sales Charge  
5.50%
POP  
$22.87
Investment  
$25,000 - $49,999
Sales Charge  
5.25%
POP  
$22.81
Investment  
$50,000 - $99,999
Sales Charge  
4.50%
POP  
$22.63
Investment  
$100,000 - $249,999
Sales Charge  
3.50%
POP  
$22.39

Documents

Product Literature

PDF Format

Factsheet - Franklin Growth Allocation Fund

Regulatory Documents

PDF Format

Semi-Annual Report - Franklin Growth Allocation Fund - Class A

PDF Format

Annual Report - Franklin Growth Allocation Fund - Class A

PDF Format

Prospectus - Franklin Fund Allocator Series

PDF Format

Summary Prospectus - Franklin Growth Allocation Fund

PDF Format

Statement of Additional Information - Franklin Fund Allocator Series

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Franklin Fund Allocator Series

Mailed hardcopies unavailable.

PDF Format

Fiscal Q3 Holdings - Franklin Fund Allocator Series

Mailed hardcopies unavailable.

Risks

What Are the Risks?

All investments involve risks, including possible loss of principal. 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. 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. Low-rated, high-yield bonds are subject to greater price volatility, illiquidity and possibility of default. The investment style may become out of favor, which may have a negative impact on performance. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. These and other risks are discussed in the fund’s prospectus.

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