Morningstar

Franklin Dynamic Asset Allocation Balanced Fund Class Y PABYX

Medalist Rating as of Apr 27, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks total return. The fund allocates 45% to 75% of its assets in equities and 25% to 55% in fixed income securities. It invests mainly in equity securities (growth or value stocks or both) of both U.S. and foreign companies of any size. The fund also invests in fixed-income investments, including U.S. and foreign government obligations, corporate obligations and securitized debt instruments (such as mortgage-backed investments).

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
—	Franklin Dynamic Asset Allocation Balanced Fund Class P	No Load	Closed			Aug 31, 2016	$743.16M	0.550%	Below Average	$0	$639.94M
PABYX	Franklin Dynamic Asset Allocation Balanced Fund Class Y	Institutional	Open			Jul 5, 1994	$601.48M	0.650%	Below Average	$0	$94.66M
PABAX	Franklin Dynamic Asset Allocation Balanced Fund Class A	Front Load	Open			Feb 7, 1994	$1.42B	0.900%	Below Average	$0	−$133.67M
AABCX	Franklin Dynamic Asset Allocation Balanced Fund Class C	Level Load	Open			Sep 1, 1994	$78.15M	1.650%	Average	$0	−$21.85M
PAADX	Franklin Dynamic Asset Allocation Balanced Fund Class R5	Retirement, Large	Open			Jul 2, 2012	$358,397.00	0.690%	Above Average	$0	$177,294.64
PAAEX	Franklin Dynamic Asset Allocation Balanced Fund Class R6	Retirement, Large	Open			Jul 2, 2012	$246.01M	0.590%	Average	$0	−$23.56M
PAARX	Franklin Dynamic Asset Allocation Balanced Fund Class R	Retirement, Medium	Open			Jan 21, 2003	$16.66M	1.150%	Average	$0	$773,400.87

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