FRANKLIN FUND ALLOCATOR SERIES
SUPPLEMENT DATED JUNE 3, 2024
TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION (“SAI”),
EACH DATED DECEMBER 1, 2023, OF
FRANKLIN U.S. CORE EQUITY (IU) FUND
FRANKLIN INTERNATIONAL CORE EQUITY (IU) FUND
FRANKLIN EMERGING MARKET CORE EQUITY (IU) FUND
(EACH, A “FUND” AND COLLECTIVELY THE “FUNDS”)
Effective June 3, 2024, the Prospectus and SAI of each Fund is amended as follows:
1) The following is added to the section titled “Fund Summaries – Portfolio Managers” in each Fund’s Prospectus:
Christopher W. Floyd,
CFA
Portfolio Manager of Advisers and portfolio manager of the Fund since June 2024.
2) The following is added to the section titled “Fund Details – Management” in each Fund’s Prospectus:
Christopher W. Floyd, CFA Portfolio Manager of Advisers
Mr.
Floyd has been a portfolio manager of the Fund since June 2024. Mr. Floyd is a vice president and portfolio
manager for Franklin Templeton Investment Solutions (“FTIS”). He joined Franklin Templeton in 2020.
Prior to joining Franklin Templeton, Mr. Floyd was a member of the Equity Portfolio Manager group at
QS Investors, a quantitative multi-asset and equity manager. QS Investors combined with Franklin Templeton
Multi-Asset Solutions in October 2020 to create FTIS. Previously, Mr. Floyd served as a developed markets
senior portfolio manager at Batterymarch Financial Management, Inc., which merged with QS Investors in
2014.
3) The following is added to the table in the section titled “Management and Other Services – Portfolio managers” in each Fund’s SAI:
Name | Type
of | Number of Accounts Managed | Total Assets Managed (x $1 million) | Number of Accounts Managed for which Advisory Fee is Performance-Based | Assets Managed for which Advisory Fee is Performance-Based (x $1 million) |
Christopher W. Floyd* | Registered Investment Companies | 22 | 4,137.39 | None | None |
Other Pooled Investment Vehicles | 12 | 1,183.61 | None | None | |
Other Accounts | 11 | 357.52 | None | None |
*Information is provided as of April 30, 2024.
4) The following is added to the table in the section titled “Management and Other Services – Portfolio managers – Ownership of Fund shares” in each Fund’s SAI:
Portfolio Manager | Dollar Range of |
Christopher W. Floyd* | None |
Portfolio Manager | Dollar Range of |
*Information is provided as of April 30, 2024 |