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Franklin Multi-Asset Real Return Fund

Fund Category: Asset AllocationGo to Prices & Performance page
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Symbol FTMAX
CUSIP 354 72P 471
Fund Number 056
Inception Date1 Dec 19, 2011
Distributions Annually
Total Net Assets
(all share classes)
As of 10/31/2015

As of  11/25/2015

NAV2 $9.35  
NAV Change $0.01  
POP3 $9.92  
YTD Total Return at NAV -4.49%
Distribution Rate at NAV N/A
30-day Standardized Yield

Average Annual Total Returns
As of Quarter End 09/30/2015

w/ Sales Charge w/o Sales Charge
1 Yr -13.86% -8.62%
5 Yrs
10 Yrs
Life -1.48% 0.07%

Expense Ratio and Sales Charge As of 10/01/2015 (updated annually)

Gross Expense Ratio4,5,6 2.04%
Net Expense Ratio4 1.44%
Max Initial Sales Charge 5.75%
CDSC 0.00%
12b-1 Fee 0.25%

Fund Description

Portfolio Managers

Thomas Nelson, CFA®
Joined Franklin Templeton in 2007
Managed Fund Since 2011

T. Anthony Coffey, CFA®, MBA
Joined Franklin Templeton in 1989
Managed Fund Since 2011

Strategy, Benefits, Results


  • To help protect against inflation risk, the fund pairs a diversified multi-asset class portfolio with an analysis of the current inflationary environments.
  • The portfolio will be adjusted to overweight towards asset classes that tend to perform well during rising or falling inflationary cycles, based on current measures of inflation.
  • To help achieve its strategy, the fund invests predominantly in other Franklin Templeton mutual funds (underlying funds); it also invests a portion of its assets in TIPS. For more information on TIPS, please refer to section titled Investing in the Fund.


  • Broad Multi-Asset Diversification. The fund’s multi-asset approach may be attractive for investors seeking the benefits of diversification with a single portfolio.
  • Inflation Aware Investing. Actively adjusting portfolio allocations to address current inflation environments make this a viable option for investors who are concerned about inflation.


Hypothetical $10K Investment

Hypothetical $10K Investment

Investing in the Fund

What Are the Risks?
  • All investments involve risks, including possible loss of principal.
  • Generally, investors should be comfortable with 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 the fund adjust to a rise in interest rates, the 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 the fund has a significant investment in Treasury Inflation-Protected Securities (TIPS), it is highly influenced by the TIPS market and the monthly inflation adjustments on these securities.
  • Commodity-linked investments can have heightened risks, including price volatility and less liquidity, and their value may be affected by the performance of broader commodities baskets and markets, as well as supply and demand, weather, tax and other regulatory polices.
  • Because the fund allocates assets to a variety of investment strategies involving certain risks, Franklin Multi-Asset Real Return Fund may be subject to those same risks.
  • These risks and others are described more fully in the fund’s 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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Important Legal Information


For US residents only.