TAXATION
Mutual Fund Distributions: How Capital Gain Distributions Are Taxed
For mutual fund investors, taxes are inevitable. Even if you’re a long-term buy...
Franklin Founding Funds Allocation A
- FFALX
- Price as of: Oct 23, 2020
-
$12.26
N/A N/A
- Primary Theme
- U.S. Growth/Balanced Allocation
- Fund Company
- Franklin Templeton
- Share Class
FFALX - Snapshot
Vitals
- YTD Return -14.7%
- 3 Yr Annualized Return -1.5%
- 5 Yr Annualized Return 4.0%
- Net Assets $3.01 B
- Holdings in Top 10 100.0%
52 WEEK LOW AND HIGH
$12.26
$9.97
$14.70
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.40%
SALES FEES
- Front Load 5.50%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 0.29%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $250
Fund Classification
-
Primary Theme
U.S. Growth/Balanced Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--70% to 85% Equity
FFALX - Profile
Distributions
- YTD Total Return -14.7%
- 3 Yr Annualized Total Return -3.4%
- 5 Yr Annualized Total Return 2.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.99%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameFranklin Founding Funds Allocation Fund
-
Fund Family NameFranklin Templeton Investments
-
Inception DateAug 15, 2003
-
Shares Outstanding224907584
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMay Tong
Fund Description
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 Income Fund, Franklin Mutual Shares Fund and Templeton Growth Fund (underlying funds) on a fixed percentage basis. It makes equal allocations to each of the underlying funds. These underlying funds, in turn, invest primarily in U.S. and foreign equity securities, and, to a lesser extent, fixed-income and money market securities, each following a value-oriented approach.
FFALX - Performance
Return Ranking - Trailing
| Period | FFALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -14.7% | -37.7% | 19.5% | 94.31% |
| 1 Yr | -6.4% | -36.1% | 30.9% | 94.75% |
| 3 Yr | -1.5%* | -13.8% | 14.9% | 95.32% |
| 5 Yr | 4.0%* | -1.5% | 14.2% | 95.62% |
| 10 Yr | 5.6%* | 4.3% | 11.8% | 91.70% |
* Annualized
Return Ranking - Calendar
| Period | FFALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 14.3% | 1.1% | 24.7% | 52.70% |
| 2018 | -13.1% | -30.8% | -2.9% | 46.71% |
| 2017 | 7.9% | -4.4% | 18.6% | 72.69% |
| 2016 | 11.0% | -7.8% | 13.8% | 3.03% |
| 2015 | -8.8% | -20.0% | -1.0% | 63.41% |
Total Return Ranking - Trailing
| Period | FFALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -14.7% | -37.7% | 19.5% | 94.31% |
| 1 Yr | -11.6% | -39.3% | 30.9% | 96.39% |
| 3 Yr | -3.4%* | -13.8% | 14.9% | 97.99% |
| 5 Yr | 2.8%* | -1.9% | 14.2% | 97.98% |
| 10 Yr | 5.0%* | 4.3% | 11.8% | 95.63% |
* Annualized
Total Return Ranking - Calendar
| Period | FFALX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2019 | 14.3% | 1.1% | 25.0% | 52.70% |
| 2018 | -11.5% | -27.2% | -2.4% | 59.52% |
| 2017 | 11.2% | -4.4% | 22.8% | 82.66% |
| 2016 | 13.5% | -7.8% | 22.5% | 4.17% |
| 2015 | -6.2% | -20.0% | 7.6% | 76.42% |
NAV & Total Return History
FFALX - Holdings
Concentration Analysis
| FFALX | Category Low | Category High | FFALX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.01 B | 833 K | 108 B | 23.25% |
| Number of Holdings | 4 | 4 | 19906 | 98.71% |
| Net Assets in Top 10 | 3.01 B | 777 K | 28.6 B | 19.09% |
| Weighting of Top 10 | 100.00% | 12.4% | 100.0% | 0.71% |
Top 10 Holdings
- Franklin Income R6 33.38%
- Franklin Mutual Shares R6 33.32%
- Templeton Growth R6 33.29%
Asset Allocation
| Weighting | Return Low | Return High | FFALX % Rank | |
|---|---|---|---|---|
| Stocks | 74.65% | 30.99% | 98.32% | 64.72% |
| Bonds | 14.38% | 0.00% | 54.47% | 72.17% |
| Preferred Stocks | 5.01% | 0.00% | 12.56% | 5.18% |
| Cash | 3.86% | -12.40% | 48.48% | 42.07% |
| Other | 1.59% | -1.87% | 14.60% | 17.48% |
| Convertible Bonds | 0.52% | 0.00% | 25.93% | 18.12% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | FFALX % Rank | |
|---|---|---|---|---|
| Healthcare | 16.71% | 0.00% | 36.39% | 16.18% |
| Consumer Defense | 13.76% | 0.00% | 18.03% | 3.24% |
| Financial Services | 12.64% | 0.29% | 47.45% | 71.52% |
| Technology | 12.42% | 0.00% | 50.43% | 90.29% |
| Industrials | 10.18% | 0.00% | 28.43% | 47.90% |
| Consumer Cyclical | 9.60% | 0.00% | 59.01% | 77.35% |
| Communication Services | 8.53% | 0.00% | 19.19% | 54.05% |
| Energy | 6.44% | 0.00% | 23.25% | 5.83% |
| Utilities | 4.87% | 0.00% | 18.84% | 12.30% |
| Basic Materials | 3.57% | 0.00% | 18.42% | 66.67% |
| Real Estate | 1.26% | 0.00% | 66.95% | 93.53% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | FFALX % Rank | |
|---|---|---|---|---|
| US | 46.23% | 19.62% | 86.52% | 80.58% |
| Non US | 28.42% | 0.00% | 48.35% | 19.74% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | FFALX % Rank | |
|---|---|---|---|---|
| Corporate | 72.74% | 0.00% | 100.00% | 9.71% |
| Cash & Equivalents | 16.87% | 0.00% | 100.00% | 50.16% |
| Government | 6.87% | 0.00% | 95.54% | 81.23% |
| Securitized | 3.52% | 0.00% | 48.65% | 81.55% |
| Derivative | 0.00% | 0.00% | 50.97% | 51.78% |
| Municipal | 0.00% | 0.00% | 17.96% | 68.61% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | FFALX % Rank | |
|---|---|---|---|---|
| US | 13.75% | 0.00% | 46.65% | 49.84% |
| Non US | 0.63% | -7.93% | 12.90% | 78.96% |
FFALX - Expenses
Operational Fees
| FFALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.40% | 0.01% | 3.31% | 73.31% |
| Management Fee | 0.00% | 0.00% | 1.75% | 0.96% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 21.13% |
| Administrative Fee | 0.03% | 0.01% | 0.28% | 2.25% |
Sales Fees
| FFALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 2.00% | 5.75% | 56.60% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| FFALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| FFALX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 0.29% | 0.00% | 442.00% | 0.66% |
FFALX - Distributions
Dividend Yield Analysis
| FFALX | Category Low | Category High | FFALX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.98% | 10.19% |
Dividend Distribution Analysis
| FFALX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Quarterly |
Net Income Ratio Analysis
| FFALX | Category Low | Category High | FFALX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.99% | -4.31% | 6.49% | 9.87% |
Capital Gain Distribution Analysis
| FFALX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 31, 2018 | $0.232 |
| Jun 29, 2018 | $0.272 |
| Dec 29, 2017 | $0.168 |
| Jun 30, 2017 | $0.261 |
| Dec 30, 2016 | $0.155 |
| Jun 30, 2016 | $0.137 |
| Dec 31, 2015 | $0.245 |
| Jun 30, 2015 | $0.113 |
| Dec 31, 2014 | $0.363 |
| Jun 30, 2014 | $0.094 |
| Dec 31, 2013 | $0.231 |
| Jun 28, 2013 | $0.150 |
| Dec 31, 2012 | $0.213 |
| Jun 29, 2012 | $0.160 |
| Dec 30, 2011 | $0.224 |
| Jun 30, 2011 | $0.160 |
| Dec 31, 2010 | $0.224 |
| Jun 30, 2010 | $0.157 |
| Dec 31, 2009 | $0.193 |
| Jul 02, 2009 | $0.205 |
| Dec 31, 2008 | $0.368 |
| Mar 19, 2008 | $0.008 |
| Dec 31, 2007 | $0.436 |
| Mar 19, 2007 | $0.007 |
| Mar 18, 2005 | $0.001 |
| Dec 27, 2004 | $0.233 |
| Dec 26, 2003 | $0.088 |
FFALX - Fund Manager Analysis
Managers
May Tong
Start Date
Tenure
Tenure Rank
Feb 15, 2019
1.62
1.6%
May Tong joined ING Investment Management June 2006. May is a Portfolio Manager on the quantitative equity team. Prior to joining ING, she was an associate portfolio manager for five years on the quantitative team at Merrill Lynch Investment Managers with oversight of $60 billion of assets including daily cash management and determination of trading needs and strategies for all index and enhanced strategies. Before that she was an audit intern at Grant Thornton where she assisted with all phases of audit processes for several clients. She received a B.S. in finance and accounting magna cum laude from Boston College, Carrol School of Management and was a member of the Golden Key National Honor Society. She holds the Chartered Financial Analyst designation.
Thomas Nelson
Start Date
Tenure
Tenure Rank
Feb 15, 2019
1.62
1.6%
Thomas Nelson is the director of portfolio management and a senior vice president for Franklin Templeton Multi-Asset Solutions (FTMAS). He graduated from the University of Delaware with a B.S. in accounting. As the director of portfolio management and a member of the Investment Strategy and Research Committee, Mr. Nelson manages several Franklin Templeton global mutual funds. He is also a chartered member of the CFA Institute and part of the New York Society of Security Analysts and Chartered Alternative Investment Analyst Association.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 39.77 | 7.11 | 0.75 |
