Fund Evaluator:
Franklin Global Allocation R (FFARX)
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Best Performing in Global Moderate Allocation Over the Last Year
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Fund Details
Franklin Global Allocation R Overview
Franklin Global Allocation R (FFARX) is an actively managed Allocation Global Moderate Allocation fund. Franklin Templeton Investments launched the fund in 2003.
The investment seeks to the highest level of long-term total return that is consistent with an acceptable level of risk. The fund invests in a diversified portfolio of debt and equity securities and, to a lesser extent, alternative strategies. The fund seeks the highest level of long-term total return within an acceptable level of risk, which the investment manager believes is a level of risk consistent with a moderate to growth oriented investor.
About Franklin Global Allocation R (FFARX)
There are 4 members of the management team with an average tenure of 1.90 years: Michael Greenberg (2024), Max Gokhman (2025), Jacqueline Kenney (2024), Brett Goldstein (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 6 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100%, Bloomberg Gbl Agg Ex USD TR Hdg USD index with a weighting of 16%, Bloomberg US Corporate High Yield TR USD index with a weighting of 3%, Bloomberg US Agg Bond TR USD index with a weighting of 21%, Russell 3000 TR USD index with a weighting of 39% and MSCI ACWI Ex USA NR USD index with a weighting of 21%. Franklin Global Allocation R has 303 securities in its portfolio. The top 10 holdings constitute 23.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Franklin Global Allocation R is part of the Allocation global asset class and is within the Allocation fund group. Franklin Global Allocation R has 35.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 38.4%. There is 21.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 34.7% (20.3% domestic bond, 14.5% foreign bond and 0.2% convertible bond). Franklin Global Allocation R has 6.4% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FFARX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin Global Allocation R expense ratio is high compared to funds in the Global Moderate Allocation category. Franklin Global Allocation R has an expense ratio of 1.25%, which is 20% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin Global Allocation R has a portfolio turnover rate of 33%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.
Recently, in the month of July 2026, Franklin Global Allocation R returned -0.3%, which earned it a grade of C, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Franklin Global Allocation R has a trailing yield of 1.36%, which is below the 2.61% category average. The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin Global Allocation R Grades
Year to date, the fund has returned 7.5%, 0.6 percentage points worse than the category, which translates into a grade of C. The fund has returned 15.4% over the past year (grade of C), 13.1% over the past three years (grade of B) and 7.5% per year over the past five years (grade of B) and 7.0% per year over the past 10 years (grade of D).
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FFARX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FFARX Return (NAV) | -0.3% | 2.5% | 15.4% | 13.1% | 7.5% | 7.0% |
| FFARX Grade | C | B | C | B | B | D |
| +/- Category | -0.6% | 0.4% | -0.6% | 1.2% | 1.4% | -0.3% |
| Global Moderate Allocation Avg | 0.3% | 2.1% | 16.0% | 11.9% | 6.2% | 7.3% |
| FFARX Tax Cost Ratio | na | na | 1.3% | 0.9% | 0.9% | 1.0% |
FFARX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FFARX Return (NAV) | 7.5% | 15.6% | 12.6% | 12.6% | -12.1% | 11.5% | 1.3% | 17.4% | -10.0% | 11.0% | 13.2% |
| FFARX Grade | C | C | A | C | B | C | F | D | F | F | A |
| +/- Category | -0.6% | -0.5% | 4.1% | 0.4% | 1.3% | -0.1% | -8.5% | -0.2% | -2.9% | -3.0% | 6.6% |
| Global Moderate Allocation Avg | 8.1% | 16.1% | 8.4% | 12.2% | -13.4% | 11.6% | 9.8% | 17.7% | -7.1% | 14.0% | 6.6% |
| Risk Measures | |
| Standard Deviation: | 9.0% |
| Total Risk Index: | 0.73 - Below Average |
| Category Risk Index: | 0.98 - Average |
| Category Risk Grade: | C (41% Rank) |
| Beta: | 0.92 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2918 Mil |
| Fund Total Assets: | $ 5 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 33% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 2.4 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Kenney Jacqueline (2024), Greenberg Michael (2024), Gokhman Max (2025), Goldstein Brett (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 303 |
| % in Top 10 Holdings: | 23.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 35.4% |
Portfolio Allocation |
|
| Domestic Stock: | 38.4% |
| Foreign Stock: | 21.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 20.3% |
| Foreign Bond: | 14.5% |
| Convertible Bond: | 0.2% |
| Other: | -0.6% |
| Cash: | 6.4% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-632-2301 |
| Website: | www.franklintempleton.com |
| Status: | Open |
| Inception Date: | August 15, 2003 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.25% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.04% |
| Share Class: | Franklin Global Allocation Adv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
