Franklin Conservative Allocation Fund
Data updated: 2026-08-27
C000126011 — Franklin Conservative Allocation Fund. Alternative · $858.18M AUM · 0.53% expense ratio. Holdings, fees, performance and SEC filings.
C000126011 Fund Overview
Franklin Conservative Allocation Fund is a US mutual fund managed by Franklin Fund Allocator Series, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Fund Allocator Series
- Category: Alternative
- Assets under management: $858.18M
- 1-year return: 11.7%
- SEC CIK: 0001022804
- SEC series ID: S000007239
- Share class ID: C000126011
C000126011 Investment Objective and Strategy
Franklin Conservative Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Franklin Fund Allocator Series.
Investment objective
The highest level of long-term total return that is consistent with an acceptable level of risk.
Principal investment strategy
"The Fund is a fund of funds meaning that it seeks to achieve its investment goal by investing its assets primarily to predominantly in other funds (underlying funds), predominantly other Franklin Templeton affiliated mutual funds and exchange traded funds (ETFs). The Fund is designed for investors seeking the highest level of long-term total return that is consistent with a lower level of risk. The Fund may be most appropriate for investors with a shorter investment horizon. Under normal market conditions, the investment manager allocates the Funds assets among the broad asset classes of equity and fixed-income investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class and strategy. These underlying funds, in turn, invest in a variety of U.S.
and foreign equity and fixed-income securities, and may also have exposure to derivative instruments. The investment manager uses the following as a general guide in allocating the Funds assets among the broad asset classes: 60% fixed-income funds; and 40% equity funds. These percentages may be changed from time to time by the Funds investment manager without the approval of shareholders, and may vary up to 10% from these percentages of Fund assets. When selecting equity funds, the investment manager considers the underlying funds foreign and domestic exposure, market capitalization ranges, and investment style (growth vs. value). When selecting fixed-income funds, the investment manager considers interest rates, duration, regional exposures, credit quality, including investment grade or junk bonds or other factors.
In allocating between equity and fixed income funds, the manager primarily considers fixed income a means of diversification to help offset the risks presented by exposure to equity investments. The investment manager considers the duration and maturity of the underlying funds portfolios. Certain fixed income funds may hold securities across the credit quality spectrum, including below investment grade or ""junk"" bonds. In addition, in selecting underlying funds the investment manager also considers the overall combination of the underlying funds in each asset class and the overall costs of investing in the underlying funds. In evaluating the risk level of the underlying funds, the investment manager analyzes such factors as: (a) relative and absolute performance, including correlations with other underlying funds as well as corresponding benchmarks, and (b) their volatility (the variability of returns from one period to the next).
The investment manager will vary the underlying funds allocation percentages based upon the Funds risk/return level. No more than 25% of the Funds assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin U.S. Government Securities Fund, Franklin U.S. Treasury Bond ETF, or a combination of both."
C000126011 Holdings
Top 10 holdings of Franklin Conservative Allocation Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Franklin U.S. Core Bond ETF | 22.42% |
| Franklin U.S. Core Equity (IU) Fund | 16.72% |
| Franklin Investment Grade Corporate ETF | 10.65% |
| Franklin U.S. Treasury Bond ETF | 9.55% |
| Putnam Large Cap Value Fund | 4.52% |
| Franklin U.S. Large Cap Multifactor Index ETF | 4.22% |
| Vanguard Total International Bond ETF | 3.93% |
| BrandywineGLOBAL - Global Opportunities Bond Fund | 3.87% |
| Franklin Growth Fund | 3.70% |
| Putnam Large Cap Growth Fund | 3.12% |
C000126011 Portfolio Allocation
Asset-class allocation of Franklin Conservative Allocation Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 99.8% |
| Cash & Equivalents | 2.4% |
C000126011 Performance
Total returns for C000126011 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.3% |
| 1 year | 11.7% |
| 3 years (annualised) | 10.5% |
| 5 years (annualised) | 4.7% |
C000126011 Risk Information
Risk metrics for C000126011, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.3%
C000126011 Costs and Fees
C000126011 costs about $53 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.53%
- Gross expense ratio: 0.55%
- Portfolio turnover: 24%
- Brokerage commissions: 2.48 bps of average net assets (SEC N-CEN)
C000126011 Cashflows
Over the 12 months to 2026-06, Franklin Conservative Allocation Fund had net outflows of $28.44M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$4.43M |
| 2026-05 | −$4.75M |
| 2026-04 | −$6.62M |
| 2026-03 | −$6.82M |
| 2026-02 | −$6.41M |
| 2026-01 | −$6.72M |
C000126011 Debt Constituents
No individual debt constituents are reported in Franklin Conservative Allocation Fund's latest SEC N-PORT filing.
C000126011 Prospectus and SEC Filings
Official Franklin Conservative Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-28
- Prospectus (485BPOS) — filed 2024-04-25
- Portfolio holdings (N-PORT) — filed 2026-08-27
- Portfolio holdings (N-PORT) — filed 2026-05-27
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-13
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.