# Franklin Growth Allocation R (FGTRX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fgtrx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Franklin Templeton · Asset class: Equity - Strategy: Thematic · Inception: 2001-12-31 The fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets primarily in other funds, predominantly other Franklin Templeton and Legg Mason mutual funds and ETFs. The investment manager uses the following as a general guide in allocating the fund's assets among the broad asset classes: 80% equity funds; and 20% fixed-income funds. These percentages may be changed from time to time by the fund's investment manager without the approval of shareholders, and may vary up to 10% from these percentages of fund assets. ## Key Facts | Metric | Value | |---|---| | Price | $22.37 | | Expense Ratio | 1.08% | | Assets Under Management | $1.56B | | NAV | $22.37 | | Holdings Count | — | | Distribution Yield (TTM) | 7.65% | | Annual Distribution (TTM) | $1.71 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $20.28 – $23.37 | | Beta | 1.08 | ## Latest Distribution - Amount: $0.0722 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does FGTRX invest in? The fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets primarily in other funds, predominantly other Franklin Templeton and Legg Mason mutual funds and ETFs. The investment manager uses the following as a general guide in allocating the fund's assets among the broad asset classes: 80% equity funds; and 20% fixed-income funds. These percentages may be changed from time to time by the fund's investment manager without the approval of shareholders, and may vary up to 10% from these percentages of fund assets. ### What is the expense ratio of FGTRX? Franklin Growth Allocation R (FGTRX) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is FGTRX? Franklin Growth Allocation R (FGTRX) manages $1.56B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is FGTRX actively managed or an index fund? FGTRX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was FGTRX launched? Franklin Growth Allocation R (FGTRX) launched in December 2001 and is managed by Franklin Templeton. ### How has FGTRX performed? FGTRX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does FGTRX pay a dividend? Franklin Growth Allocation R (FGTRX) currently distributes little or no income. Trailing-twelve-month yield is 7.65%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FGTRX pay dividends? Franklin Growth Allocation R pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FGTRX's dividend yield? FGTRX's trailing-twelve-month yield is 7.65%, calculated from the sum of dividends over the past year divided by the current price. ### When is FGTRX's next ex-dividend date? The most recently announced ex-dividend date for FGTRX was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FGTRX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.08% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FGTRX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FGTRX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FGTRX cost more than a fund like VOO? FGTRX's strategy (current expense ratio 1.08%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FGTRX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FGTRX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FGTRX (1.08%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fgtrx - Distribution history: https://www.dividenddata.com/funds/fgtrx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fgtrx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fgtrx/expenses - Peer comparison: https://www.dividenddata.com/funds/fgtrx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.