Morningstar

Franklin Global Allocation Fund Class A FFALX

Morningstar Medalist Rating
Medalist Rating as of | See Franklin Templeton Investment Hub
  • NAV / 1-Day Return 18.30  /  +0.27 %
  • Total Assets 3.0B
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 0.920%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Global Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.59%
  • Turnover 33%

USD | NAV as of Jul 11, 2026 | 1-Day Return as of Jul 11, 2026, 12:11 AM GMT+0

Morningstar’s Analysis FFALX

Will FFALX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FFALX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FFALX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FFALX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Both team and strategy have recently stabilized, but neither has yet earned full confidence.

Analyst Margaret Giles

Margaret Giles

Analyst

Summary

Franklin Global Allocation has experienced significant shifts to both its management roster and the process the team uses to build this portfolio since early 2021. Confidence in these changes will take time to build, and the fund earns Average People and Process ratings.

by Margaret Giles
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FFALX

More FFALX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Franklin Instl U.S. Govt Mny Mkt Fund

6.00 178M
Cash and Equivalents

Eur_Usd_20260706

4.90 145M
Derivative

Gbp_Usd_20260706

3.32 98M
Derivative

Apple Inc

3.30 98M
Technology

NVIDIA Corp

3.15 93M
Technology

Alphabet Inc Class A

2.56 76M
Communication Services

Cad_Usd_20260706

2.46 73M
Derivative

Franklin BSP Lending R6

2.41 71M
—

Franklin Systematic Style Premia ETF

2.05 61M
—

Usd_gbp_20260706

1.80 53M
Derivative

Sponsor Center