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Morningstar

Franklin Growth Allocation R FGTRX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
15.87  /  1.12 %
Total Assets
1.2 Bil
Adj. Expense Ratio
1.140%
Expense Ratio
1.140%
Fee Level
Below Average
Longest Manager Tenure
10.91 years
Category
Allocation--70% to 85% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Medium / Moderate
Status
Open
TTM Yield
2.60%
Turnover
60%

USD | NAV as of Nov 28, 2022 | 1-Day Return as of Nov 28, 2022, 11:44 PM GMT+00:00

Morningstar’s Fund Analysis FGTRX

Will FGTRX outperform in 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 FGTRX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FGTRX 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 FGTRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This target-risk series’ mediocre underlying holdings have offset solid recent tactical calls.

Senior Analyst

Summary

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The three funds in the Franklin Allocator series—Franklin Growth Allocation, Franklin Moderate Allocation, and Franklin Conservative Allocation—have undergone notable changes in recent years, substantially lowering costs while modestly improving the lineup of underlying funds. But questionable holdings remain, and the team’s leaders lack a long record of making tactical calls here, warranting a Morningstar Analyst Rating of Neutral across all share classes.

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