The fund equally allocates its assets to three cornerstone funds each with a 50-year track record run independently by the Franklin, Templeton or Mutual Series management groups.
These underlying funds - Franklin Income Fund, Templeton Growth Fund and Mutual Shares Fundinvest in attractively valued stocks and bonds in the U.S. and abroad.
All investments involve risks, including possible loss of principal.
Because the fund invests in underlying funds that may engage in a variety of investment strategies involving certain risks, Franklin Templeton Founding Funds Allocation Fund may be subject to these same risks.
Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions.
Bonds are affected by changes in interest rates and the credit worthiness of their issuers. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds adjust to a rise in interest rates, the fund's share price may decline.
Higher-yielding, lower-rated corporate bonds entail a greater degree of credit risk compared to investment-grade securities.
Foreign investing carries additional risks such as currency and market volatility and political or social instability; risks which are heightened in developing countries.
Value securities may not increase in price as anticipated or may decline further in value.
These and other risks are discussed in the fund���s prospectus.
Past performance is no guarantee of future performance. Both the return and principal value of subaccounts will fluctuate so that when redeemed, they may be worth more or less than their original cost. An investment in the fund is subject to risk including possible loss of principal.