Franklin Corefolio Allocation Fund Class C (FTCLX) is an open-end mutual fund that seeks capital appreciation through a diversified, multidisciplined fund-of-funds approach, investing approximately equal allocations of 25% each in four underlying Franklin Templeton equity funds: Franklin Growth Opportunities Fund, Franklin Growth Fund, Franklin Mutual Shares Fund, and Templeton Growth Fund; these underlying funds primarily invest in U.S. and foreign equity securities across growth and value styles, with current portfolio allocation approximately 97.64% equities, 0.67% fixed income, and 1.69% cash and cash equivalents as of October 31, 2025. The fund operates in the aggressive allocation category, targeting investors seeking high capital appreciation with benchmarks including the S&P 500 Index and MSCI World Index; it features low portfolio turnover of 10%, semiannual dividend distributions, and a net expense ratio of 1.76% for the Class C shares, which include a 1.00% deferred load. Franklin Templeton Investment Solutions manages the fund, leveraging a global network for multi-asset strategies.
In a key strategic change effective August 26, 2016, the fund replaced Franklin Flex Cap Growth Fund with Franklin Growth Opportunities Fund in its underlying allocation to enhance diversification and performance potential. The fund, part of the Franklin Fund Allocator Series, was incepted on August 15, 2003, with Class C shares launched concurrently, and maintains total net assets of approximately $1.04 billion as of the latest reporting. It is domiciled in the United States and available primarily to U.S. investors through broker-dealers and retirement platforms, with no reported acquisitions, mergers, or major reorganizations specific to FTCLX in the last 1-2 years. Franklin Resources, Inc., headquartered in San Mateo, California, serves as the parent entity overseeing the fund through its Franklin Templeton affiliates.