FRANKLIN GROWTH ALLOCATION FUND
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.7%
1 yr return
15.6%
3 Yr Avg Return
2.6%
5 Yr Avg Return
7.2%
Net Assets
$1.31 B
Holdings in Top 10
83.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 59.90%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/01/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FGTRX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return 2.6%
- 5 Yr Annualized Total Return 7.2%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.77%
- Dividend Yield 1.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameFRANKLIN GROWTH ALLOCATION FUND
-
Fund Family NameFranklin Templeton Group of Funds
-
Inception DateMar 28, 2002
-
Shares Outstanding2494238
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Nelson
Fund Description
The Fund is a “fund of funds” meaning that it seeks to achieve its investment goal by investing its assets primarily in other funds (underlying funds), predominantly other Franklin Templeton affiliated mutual funds and exchange traded funds (ETFs). The Fund is designed for investors seeking the highest level of long-term total return that is consistent with a higher level of risk. The Fund may be most appropriate for investors with a longer investment horizon.
Under normal market conditions, the investment manager allocates the Fund’s assets among the broad asset classes of equity and fixed-income investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class and strategy. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities, and may also have exposure to derivative instruments.
The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes: 80% equity funds; and 20% fixed-income funds. These percentages may be changed from time to time by the Fund’s investment manager without the approval of shareholders, and may vary up to 10% from these percentages of Fund assets.
When selecting equity funds, the investment manager considers the underlying funds’ foreign and domestic exposure, market capitalization ranges, and investment style (growth vs. value). When selecting fixed-income funds, the investment manager considers interest rates, duration, regional exposures, credit quality, including investment grade or “junk” bonds or other factors. In allocating between equity and fixed income funds, the manager primarily considers fixed income a means of diversification to help offset the risks presented by exposure to equity investments. The investment manager considers the duration and maturity of the underlying funds’ portfolios. Certain fixed income funds may hold securities across the credit quality spectrum, including below investment grade or "junk" bonds. In addition, in selecting underlying funds the investment manager also considers the overall combination of the underlying funds in each asset class and the overall costs of investing in the underlying funds. In evaluating the risk level of
the underlying funds, the investment manager analyzes such factors as: (a) relative and absolute performance, including correlations with other underlying funds as well as corresponding benchmarks, and (b) their volatility (the variability of returns from one period to the next).
The investment manager will vary the underlying funds’ allocation percentages based upon the Fund’s risk/return level. No more than 25% of the Fund’s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin U.S. Government Securities Fund, Franklin U.S. Treasury Bond ETF, or a combination of both.
FGTRX - Performance
Return Ranking - Trailing
Period | FGTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -3.2% | 16.6% | 8.47% |
1 Yr | 15.6% | -2.9% | 44.7% | 12.54% |
3 Yr | 2.6%* | -9.3% | 9.8% | 26.67% |
5 Yr | 7.2%* | -0.1% | 12.8% | 35.77% |
10 Yr | 6.7%* | -0.7% | 11.2% | 38.50% |
* Annualized
Return Ranking - Calendar
Period | FGTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.5% | -6.9% | 29.3% | 41.84% |
2022 | -21.2% | -37.4% | -8.2% | 60.98% |
2021 | 1.6% | -9.8% | 25.4% | 91.13% |
2020 | 8.3% | -21.0% | 25.4% | 45.32% |
2019 | 9.5% | -8.3% | 27.9% | 86.54% |
Total Return Ranking - Trailing
Period | FGTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.7% | -3.2% | 16.6% | 8.47% |
1 Yr | 15.6% | -2.9% | 44.7% | 12.54% |
3 Yr | 2.6%* | -9.3% | 9.8% | 26.67% |
5 Yr | 7.2%* | -0.1% | 12.8% | 35.77% |
10 Yr | 6.7%* | -0.7% | 11.2% | 38.50% |
* Annualized
Total Return Ranking - Calendar
Period | FGTRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 17.3% | -0.9% | 33.0% | 42.86% |
2022 | -17.4% | -36.0% | -0.9% | 71.43% |
2021 | 16.1% | -7.8% | 33.9% | 47.16% |
2020 | 14.3% | -16.2% | 25.4% | 35.21% |
2019 | 20.8% | 7.3% | 34.8% | 66.15% |
NAV & Total Return History
FGTRX - Holdings
Concentration Analysis
FGTRX | Category Low | Category High | FGTRX % Rank | |
---|---|---|---|---|
Net Assets | 1.31 B | 1.11 M | 120 B | 44.07% |
Number of Holdings | 29 | 4 | 2543 | 47.80% |
Net Assets in Top 10 | 1.05 B | 1.16 M | 30.6 B | 40.00% |
Weighting of Top 10 | 83.01% | 19.2% | 102.8% | 36.27% |
Top 10 Holdings
- Franklin U.S. Core Equity (IU) Fund 24.09%
- Franklin Growth Fund, Class R6 13.74%
- Franklin U.S. Equity Index ETF 9.21%
- Franklin International Core Equity (IU) Fund 9.12%
- Franklin U.S. Large Cap Multifactor Index ETF 7.11%
- ClearBridge Large Cap Value Fund, Class IS 5.69%
- Franklin U.S. Core Bond ETF 5.69%
- Western Asset Core Plus Bond Fund, Class IS 3.16%
- Franklin Emerging Market Core Equity (IU) Fund 2.86%
- iShares Russell 2000 ETF 2.33%
Asset Allocation
Weighting | Return Low | Return High | FGTRX % Rank | |
---|---|---|---|---|
Other | 1.41% | -0.07% | 31.76% | 7.46% |
Cash | 0.85% | -7.71% | 88.58% | 52.88% |
Convertible Bonds | 0.27% | 0.00% | 26.48% | 55.63% |
Stocks | 0.00% | 0.00% | 100.68% | 94.24% |
Preferred Stocks | 0.00% | 0.00% | 18.74% | 53.56% |
Bonds | 0.00% | 0.00% | 104.29% | 63.05% |
FGTRX - Expenses
Operational Fees
FGTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.10% | 0.04% | 4.67% | 38.31% |
Management Fee | 0.25% | 0.00% | 1.25% | 62.03% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 63.22% |
Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
FGTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
FGTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
FGTRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 59.90% | 4.00% | 236.00% | 75.27% |
FGTRX - Distributions
Dividend Yield Analysis
FGTRX | Category Low | Category High | FGTRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.65% | 0.00% | 10.46% | 73.22% |
Dividend Distribution Analysis
FGTRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
FGTRX | Category Low | Category High | FGTRX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.77% | -1.12% | 6.07% | 66.78% |
Capital Gain Distribution Analysis
FGTRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.075 | OrdinaryDividend |
Dec 28, 2023 | $0.055 | OrdinaryDividend |
Sep 29, 2023 | $0.055 | OrdinaryDividend |
Jun 30, 2023 | $0.070 | OrdinaryDividend |
Mar 31, 2023 | $0.004 | OrdinaryDividend |
Dec 29, 2022 | $0.095 | OrdinaryDividend |
Sep 30, 2022 | $0.032 | OrdinaryDividend |
Jun 30, 2022 | $0.024 | OrdinaryDividend |
Sep 28, 2021 | $0.009 | OrdinaryDividend |
Mar 29, 2021 | $0.009 | OrdinaryDividend |
Sep 28, 2020 | $0.026 | OrdinaryDividend |
Mar 27, 2020 | $0.019 | OrdinaryDividend |
Mar 29, 2019 | $0.014 | OrdinaryDividend |
Mar 29, 2018 | $0.004 | OrdinaryDividend |
Mar 31, 2017 | $0.093 | OrdinaryDividend |
Dec 30, 2016 | $0.084 | OrdinaryDividend |
Mar 31, 2016 | $0.004 | OrdinaryDividend |
Mar 31, 2015 | $0.003 | OrdinaryDividend |
Mar 31, 2014 | $0.006 | OrdinaryDividend |
Mar 28, 2013 | $0.014 | OrdinaryDividend |
Dec 31, 2012 | $0.163 | OrdinaryDividend |
Mar 30, 2012 | $0.043 | OrdinaryDividend |
Dec 30, 2011 | $0.142 | OrdinaryDividend |
Mar 31, 2011 | $0.068 | OrdinaryDividend |
Dec 31, 2010 | $0.161 | OrdinaryDividend |
Mar 31, 2010 | $0.005 | OrdinaryDividend |
Dec 31, 2009 | $0.101 | OrdinaryDividend |
Sep 30, 2009 | $0.063 | OrdinaryDividend |
Apr 02, 2009 | $0.023 | OrdinaryDividend |
Dec 31, 2008 | $0.186 | OrdinaryDividend |
Apr 02, 2008 | $0.009 | OrdinaryDividend |
Dec 31, 2007 | $0.254 | OrdinaryDividend |
Sep 19, 2007 | $0.043 | OrdinaryDividend |
Jun 12, 2007 | $0.000 | OrdinaryDividend |
Mar 14, 2007 | $0.004 | OrdinaryDividend |
Dec 29, 2006 | $0.210 | OrdinaryDividend |
Sep 19, 2006 | $0.040 | OrdinaryDividend |
Mar 15, 2006 | $0.043 | OrdinaryDividend |
Jan 03, 2006 | $0.135 | OrdinaryDividend |
Mar 16, 2005 | $0.016 | OrdinaryDividend |
Dec 27, 2004 | $0.061 | OrdinaryDividend |
Dec 26, 2003 | $0.084 | OrdinaryDividend |
Dec 26, 2002 | $0.109 | OrdinaryDividend |
FGTRX - Fund Manager Analysis
Managers
Thomas Nelson
Start Date
Tenure
Tenure Rank
Jan 01, 2012
10.42
10.4%
Thomas Nelson is the director of portfolio management and a senior vice president for Franklin Templeton Investment Solutions (FTIS). He graduated from the University of Delaware with a B.S. in accounting. As the director of portfolio management and a member of the Investment Strategy and Research Committee, Mr. Nelson manages several Franklin Templeton global mutual funds. He is also a chartered member of the CFA Institute and part of the New York Society of Security Analysts and Chartered Alternative Investment Analyst Association.
Berkeley Revenaugh
Start Date
Tenure
Tenure Rank
Apr 16, 2021
1.12
1.1%
Ms. Revenaugh has been a co-lead portfolio manager since April 2021. She joined Franklin Templeton in 2019. Prior to joining Franklin Templeton, she was a portfolio strategist and a member of the investment committee with Windward Investment Management.
Wylie Tollette
Start Date
Tenure
Tenure Rank
Apr 16, 2021
1.12
1.1%
Mr. Tollette first joined Franklin Templeton in 1994, left the company in 2014 and rejoined again in 2018.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 38.44 | 7.39 | 2.41 |