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Franklin Corefolio Allocation R6 Overview

Franklin Corefolio Allocation R6 (FTLQX) is an actively managed Allocation Aggressive Allocation fund. Franklin Templeton Investments launched the fund in 2017.

The investment seeks capital appreciation. The fund is a "fund to funds" meaning that it seeks to achieve its investment goal by investing its assets in a combination of the Franklin Growth Fund, Franklin Growth Opportunities Fund, Franklin Mutual Shares Fund and Templeton Growth Fund (underlying funds) on a fixed percentage basis. It makes equal allocations (approximately 25%) to each of the underlying funds. These underlying funds, in turn, invest primarily in U.S. and foreign equity securities.

About Franklin Corefolio Allocation R6 (FTLQX)

There are 3 members of the management team with an average tenure of 2.96 years: Thomas Nelson (2019), Brett Goldstein (2026), Laura Green (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and S&P 500 (TR) (1970) index with a weighting of 100%. Franklin Corefolio Allocation R6 has 5 securities in its portfolio. The top 10 holdings constitute 100.0% 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 Corefolio Allocation R6 is part of the Allocation global asset class and is within the Allocation fund group. Franklin Corefolio Allocation R6 has 16.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 78.7%. There is 16.7% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.5% (0.5% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Franklin Corefolio Allocation R6 has 2.3% of the portfolio in cash.

Assets Under Management

The fund has $4 million in total assets, which is below the $549 million average for the Aggressive 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.

FTLQX 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 Corefolio Allocation R6 expense ratio is above average compared to funds in the Aggressive Allocation category. Franklin Corefolio Allocation R6 has an expense ratio of 0.69%, which is 40% lower than its category average, making the fund expense ratio grade a A. 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 Corefolio Allocation R6 has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 47% for the Aggressive Allocation category.

Recently, in the month of June 2026, Franklin Corefolio Allocation R6 returned -0.1%, which earned it a grade of F, as the Aggressive Allocation category had an average return of 0.5%. 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 Corefolio Allocation R6 has a trailing yield of 0.73%, which is below the 0.95% category average. The fund normally distributes its income 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 Corefolio Allocation R6 Grades

Year to date, the fund has returned 6.4%, 3.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 12.8% over the past year (grade of D), 15.3% over the past three years (grade of D) and 7.7% per year over the past five years (grade of D) and 11.5% per year over the past 10 years (grade of C).

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