0001379491-12-000864.txt : 20121026 0001379491-12-000864.hdr.sgml : 20121026 20121026143808 ACCESSION NUMBER: 0001379491-12-000864 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20121026 DATE AS OF CHANGE: 20121026 EFFECTIVENESS DATE: 20121026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN TEMPLETON FUND ALLOCATOR SERIES CENTRAL INDEX KEY: 0001022804 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-13601 FILM NUMBER: 121164028 BUSINESS ADDRESS: STREET 1: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 BUSINESS PHONE: 650-312-4018 MAIL ADDRESS: STREET 1: FRANKLIN TEMPLETON FUND ALLOCATOR SERIES STREET 2: ONE FRANKLIN PARKWAY CITY: SAN MATEO STATE: CA ZIP: 94403-1906 0001022804 S000007239 FRANKLIN TEMPLETON CONSERVATIVE ALLOCATION FUND C000019839 CLASS B C000019840 ADVISOR CLASS FTCZX C000019841 CLASS A FTCIX C000019842 CLASS C FTCCX C000019843 CLASS R FTCRX 0001022804 S000007242 FRANKLIN TEMPLETON GROWTH ALLOCATION FUND C000019854 CLASS B C000019855 ADVISOR CLASS FGTZX C000019856 CLASS A FGTIX C000019857 CLASS C FTGTX C000019858 CLASS R FGTRX 0001022804 S000007243 FRANKLIN TEMPLETON MODERATE ALLOCATION FUND C000019859 CLASS B FBMTX C000019860 ADVISOR CLASS FMTZX C000019861 CLASS A FMTIX C000019862 CLASS C FTMTX C000019863 CLASS R FTMRX 497 1 filing1818.htm PRIMARY DOCUMENT

 

GOF P-6 10/12

 

SUPPLEMENT DATED OCTOBER 26, 2012

TO THE PROSPECTUSES

DATED MAY 1, 2012

OF

FRANKLIN TEMPLETON

FUND ALLOCATOR SERIES

 

Franklin Templeton Conservative Allocation Fund

Franklin Templeton Moderate Allocation Fund

Franklin Templeton Growth Allocation Fund

Franklin Templeton 2015 Retirement Target Fund

Franklin Templeton 2025 Retirement Target Fund

Franklin Templeton 2035 Retirement Target Fund

Franklin Templeton 2045 Retirement Target Fund

 

 

Effective January 1, 2013, each of the Franklin Templeton Conservative Allocation Fund, Franklin Templeton Moderate Allocation Fund and Franklin Templeton Growth Allocation Fund will transition its short-term investments (money market) strategic allocation to fixed-income funds, and as a result of this change will remove the Payden & Rygel 90 Day U.S. Treasury Bill Index as one of the secondary benchmark indices for performance comparisons. 

 

Also effective January 1, 2013, each of the Franklin Templeton Conservative Allocation Fund, Franklin Templeton Moderate Allocation Fund, Franklin Templeton Growth Allocation Fund, Franklin Templeton 2015 Retirement Target Fund, Franklin Templeton 2025 Retirement Target Fund, Franklin Templeton 2035 Retirement Target Fund and Franklin Templeton 2045 Retirement Target Fund may increase its investments in third-party sponsored exchange-traded funds (“ETFs”) from 5% of its net assets to 10% of its net assets.

 

Effective January 1, 2013, the Prospectus is amended as follows:

 

I.                   For the Franklin Templeton Conservative Allocation Fund, the 2nd and 3rd paragraphs of the “FUND SUMMARY – Principal Investment Strategies” section are replaced as follows:

Under normal market conditions, the investment manager allocates the Fund’s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.

The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 60% fixed-income funds; and 40% equity funds.

 

 

 

 

II.                For the Franklin Templeton Moderate Allocation Fund, the 2nd and 3rd paragraphs of the “FUND SUMMARY – Principal Investment Strategies” section are replaced as follows:

Under normal market conditions, the investment manager allocates the Fund’s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.

The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 55% equity funds; and 45% fixed-income funds.

III.             For the Franklin Templeton Growth Allocation Fund, the 2nd and 3rd paragraphs of the “FUND SUMMARY – Principal Investment Strategies” section are replaced as follows:

Under normal market conditions, the investment manager allocates the Fund’s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.

The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 80% equity funds; and 20% fixed-income funds.

IV.             For each of the Franklin Templeton Conservative Allocation Fund, Franklin Templeton Moderate Allocation Fund and Franklin Templeton Growth Allocation Fund, the “FUND SUMMARY – Performance” section is revised by deleting the reference to Payden & Rygel 90 Day U.S. Treasury Bill Index as a secondary benchmark. 

 

V.                For each of the Franklin Templeton Conservative Allocation Fund, Franklin Templeton Moderate Allocation Fund and Franklin Templeton Growth Allocation Fund, the 1st and 2nd paragraphs of the “FUND DETAILS – Principal Investment Policies and Practices” section are replaced as follows:

Under normal market conditions, the investment manager allocates each Fund's assets among the broad asset classes of equity and  fixed-income investments by investing primarily in a distinctly-weighted combination of other mutual funds, predominantly other Franklin Templeton mutual funds (underlying funds) based on each underlying fund's predominant asset class. A small portion of each Fund’s assets may be invested in exchange traded funds (ETFs). In addition, a small portion of the Fund’s assets may be invested in underlying funds that provide exposure to commodities. These underlying funds and ETFs, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities. The investment policies of the various underlying funds are described in the section called "Information about the Underlying Franklin Templeton Funds."

 

 

 

Following is a general guide the investment manager uses in allocating each of the Fund's assets among the broad asset classes. These percentages may be changed from time to time by the Funds' investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations.

 

Equity Funds

Fixed-Income Funds

Conservative Allocation Fund

40% 

60% 

Moderate Allocation Fund

55% 

45% 

Growth Allocation Fund

80% 

20% 

 

VI.             For each of the Franklin Templeton 2015 Retirement Target Fund, Franklin Templeton 2025 Retirement Target Fund, Franklin Templeton 2035 Retirement Target Fund and Franklin Templeton 2045 Retirement Target Fund, the 2nd paragraph of the “FUND DETAILS – Principal Investment Policies and Practices” section is replaced as follows:

Under normal market conditions, the investment manager allocates each Fund’s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund’s predominant asset class. A small portion of each Fund’s assets may be invested in exchange traded funds (ETFs). In addition, a small portion of the Fund’s assets may be invested in underlying funds that provide exposure to commodities. The underlying funds and ETFs invest in a variety of U.S. and foreign equity, fixed-income and money market securities. The investment policies of the various underlying funds are described in this Prospectus in the section called “Information about the Underlying Franklin Templeton Funds.”

VII.          For all Funds, the “FUND DETAILS – Principal Risks” section is revised by adding the paragraph as follows:

Investing in ETFs  The Fund's investment in ETFs may subject the Fund to additional risks than if the Fund would have invested directly in the ETFs’ underlying securities. These risks include the possibility that an ETF may experience a lack of liquidity that can result in greater volatility than its underlying securities; an ETF may trade at a premium or discount to its net asset value; or an ETF may not replicate exactly the performance of the benchmark index it seeks to track. In addition, investing in an ETF may also be more costly than if a Fund had owned the underlying securities directly. The Fund, and indirectly, shareholders of the Fund, bears a proportionate share of the ETF's expenses, which include management and advisory fees and other expenses. In addition, the Fund pays brokerage commissions in connection with the purchase and sale of shares of ETFs.

 

 

 

Please keep this supplement for future reference.

 

 

 

 

GOF SA-9 10/12

 

 

SUPPLEMENT DATED OCTOBER 26, 2012

TO THE STATEMENT OF ADDITIONAL INFORMATION

 MAY 1, 2012

OF

FRANKLIN TEMPLETON

FUND ALLOCATOR SERIES

 

Franklin Templeton Conservative Allocation Fund

Franklin Templeton Moderate Allocation Fund

Franklin Templeton Growth Allocation Fund

Franklin Templeton 2015 Retirement Target Fund

Franklin Templeton 2025 Retirement Target Fund

Franklin Templeton 2035 Retirement Target Fund

Franklin Templeton 2045 Retirement Target Fund

 

Effective January 1, 2013, the Statement of Additional Information is amended as follows:

 

I.      For each Statement of Additional Information, the 3rd paragraph in the section entitled “Goal, Strategies and Risks – Glossary of Investments, Techniques, Strategies and Their Risks” is revised as follows:

The Fund pursues its investment goal by investing primarily in a distinctly-weighted combination of underlying funds, predominantly other Franklin Templeton funds (underlying funds). The Fund may also invest up to 5% of its assets directly in the types of securities in which the underlying funds invest, and may invest up to 10% of its assets in exchange traded funds. In investing in underlying Franklin Templeton mutual funds, the Funds rely on Rule 12d1-2 under the 1940 Act, which permits the Fund to invest in such underlying funds without limit.

II.                For each Statement of Additional Information, the section entitled “Investment company securities – Exchange-traded funds”  is revised as follows:

Exchange-traded funds.   The Fund may invest in exchange-traded funds (ETFs). ETFs are regulated as registered investment companies under the 1940 Act. Many ETFs acquire and hold securities of all of the companies or other issuers, or a representative sampling of companies or other issuers that are components of a particular index. Such ETFs are intended to provide investment results that, before expenses, generally correspond to the price and yield performance of the corresponding market index, and the value of their shares should, under normal circumstances, closely track the value of the index's underlying component securities. Because an ETF has operating expenses and transaction costs, while a market index does not, ETFs that track particular indices typically will be unable to match the performance of the index exactly. ETF shares may be purchased and sold in the secondary trading market on a securities exchange, in lots of any size, at any time during the trading day. More recently, actively managed ETFs have been created that are managed similarly to other investment companies.

 

 

 

The shares of an ETF may be assembled in a block (typically 50,000 shares) known as a creation unit and redeemed in kind for a portfolio of the underlying securities (based on the ETF's net asset value) together with a cash payment generally equal to accumulated dividends as of the date of redemption. Conversely, a creation unit may be purchased from the ETF by depositing a specified portfolio of the ETF's underlying securities, as well as a cash payment generally equal to accumulated dividends of the securities (net of expenses) up to the time of deposit.

ETF shares, as opposed to creation units, are generally purchased and sold by smaller investors in a secondary market on a securities exchange. ETF shares can be traded in lots of any size, at any time during the trading day. Although the Fund, like most other investors in ETFs, intends to purchase and sell ETF shares primarily in the secondary trading market, the Fund may redeem creation units for the underlying securities (and any applicable cash), and may assemble a portfolio of the underlying securities and use it (and any required cash) to purchase creation units, if the investment manager believes it is in the Fund's best interest to do so.

An investment in an ETF is subject to all of the risks of investing in the securities held by the ETF and have the same risks as investing in a closed-end fund. In addition, because of the ability of large market participants to arbitrage price differences by purchasing or redeeming creation units, the difference between the market value and the net asset value of ETF shares should in most cases be small. An ETF may be terminated and need to liquidate its portfolio securities at a time when the prices for those securities are falling.

Please keep this supplement for future reference.

 

 

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You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. 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During the most recent fiscal year, the Fund's portfolio turnover rate was 18.67% of the average value of its portfolio.</p></div>Principal Investment Strategies<div><p>The Fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets in other mutual funds, predominately other Franklin Templeton mutual funds (underlying funds). 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.</p><p>Under normal market conditions, the investment manager allocates the Fund&#146;s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class. These underlying funds, in turn, invest in a variety of U.S. and foreign equity, fixed-income and money market securities.</p><p>The investment manager uses the following as a general guide in allocating the Fund&#146;s assets among the broad asset classes. These percentages may be changed from time to time by the Fund&#146;s investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations: 20% short-term investments; 40% equity funds; and 40% fixed-income funds.</p><p>Effective January 1, 2013, under normal market conditions, the investment manager allocates the Fund&#146;s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.</p><p>Effective January 1, 2013, the investment manager will use the following as a general guide in allocating the Fund&#146;s assets among the broad asset classes. These percentages may be changed from time to time by the Fund&#146;s investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations: 60% fixed-income funds; and 40% equity funds.</p><p>When selecting equity funds, the investment manager considers the underlying funds&#146; foreign and domestic exposure, market capitalization ranges, and investment style (growth vs. value). When selecting fixed-income funds, the investment manager focuses primarily on maximizing income, appropriate to the Fund&#146;s risk profile. 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).</p><p>The investment manager will vary the underlying funds&#146; allocation percentages based upon the Fund&#146;s risk/return level. No more than 25% of the Fund&#146;s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin Limited Maturity U.S. Government Securities Fund and Franklin U.S. Government Securities Fund.</p></div>Principal Risks<div><p>You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.</p><p>Asset Allocation</p><p>The Fund&#146;s ability to achieve its investment goal depends upon the investment manager&#146;s skill in determining the Fund&#146;s broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager&#146;s evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends.</p><p>Investing in Underlying Funds</p><p>Because the Fund&#146;s investments are concentrated in the underlying funds, and the Fund&#146;s performance is directly related to the performance of the underlying funds held by it, the ability of the Fund to achieve its investment goal is directly related to the ability of the underlying funds to meet their investment goal. In addition, shareholders of the Fund will indirectly bear the fees and expenses of the underlying funds. The risks described below are the principal risks of the Fund and the underlying funds. For purposes of the discussion below, &#147;Fund&#148; means the Fund and/or one or more of the underlying funds in which the Fund invests.</p><p>Interest Rate</p><p>When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.</p><p>Income</p><p>Because the Fund can only distribute what it earns, the Fund's distributions to shareholders may decline when prevailing interest rates fall or when the Fund experiences defaults on debt securities it holds.</p><p>Credit</p><p>An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value. While securities issued by Ginnie Mae are backed by the full faith and credit of the U.S. government, not all securities of the various U.S. government agencies are, including those of Fannie Mae and Freddie Mac. Also guarantees of principal and interest do not apply to market prices, yields or the Fund&#146;s share price. While the U.S. government has recently provided financial support to Fannie Mae and Freddie Mac, no assurance can be given that the U.S. government will always do so, since the U.S. government is not so obligated by law.</p><p>Market</p><p>The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security&#146;s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.</p><p>Individual stock prices tend to go up and down more dramatically than those of other types of investments. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.</p><p>Smaller and Midsize Companies</p><p>Securities issued by smaller and midsize companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller and midsize companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans.</p><p>Foreign Securities</p><p>Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.</p><p>Focus</p><p>To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.</p><p>Derivative Instruments</p><p>The performance of derivative instruments (including currency-related derivatives) depends largely on the performance of an underlying currency, security or index, and such instruments often have risks similar to their underlying instrument, in addition to other risks. Derivatives involve costs and can create economic leverage in the Fund's portfolio which may result in significant volatility and cause the Fund to participate in losses (as well as gains) in an amount that exceeds the Fund's initial investment. Other risks include illiquidity, mispricing or improper valuation of the derivative instrument, and imperfect correlation between the value of the derivative and the underlying instrument so that the Fund may not realize the intended benefits. When used for hedging, the change in value of the derivative may also not correlate specifically with the currency, security or other risk being hedged. With over-the-counter derivatives, there is the risk that the other party to the transaction will fail to perform.</p><p>Growth Style Investing</p><p>Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. Prices of these companies&#146; securities may be more volatile than other securities, particularly over the short term.</p><p>Value Style Investing</p><p>A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur.</p><p>Prepayment</p><p>Prepayment risk occurs when a debt security can be repaid in whole or in part prior to the security's maturity and the Fund must reinvest the proceeds it receives, during periods of declining interest rates, in securities that pay a lower rate of interest.</p><p>Management</p><p>The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results.</p></div>PerformanceThe following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance.The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.(800) DIAL BEN/342-5236franklintempleton.comSales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.<div><p>The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236.</p><p>The secondary indices in the table below show how the Fund's performance compares to groups of securities that align with portions of the Fund's investment strategies.</p><p>Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.</p></div>CLASS A ANNUAL TOTAL RETURNS-0.03790.17350.07980.04700.09920.0829-0.15410.19670.1000-0.0071~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact ftfas_S000007239Member ~Best Quarter:2009-09-300.0898Worst Quarter:2008-12-31-0.0743As of March 31, 2012, the Fund's year-to-date return was 5.27%.<table style="font: 11px sans-serif; background-color:#DDDDDD" border="0" cellspacing="0" cellpadding="5" width="745"><tr><td style="border-bottom: 2px solid #ffffff;" valign="top">Best Quarter:</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">Q3'09</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">8.98%</td></tr><tr><td style="border-bottom: 2px solid #ffffff;" valign="top">Worst Quarter:</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">Q4'08</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">-7.43%</td></tr><tr><td style="border-bottom: 2px solid #ffffff;" valign="top" colspan="3">As of March 31, 2012, the Fund's year-to-date return was 5.27%.</td></tr></table><div><p>AVERAGE ANNUAL TOTAL RETURNS<br/>(figures reflect sales charges)</p><p>For the periods ended December 31, 2011</p></div>~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact ftfas_S000007239Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~Return Before Taxes-0.06430.02450.0470-0.07040.01500.0378-0.04030.01640.0360-0.05340.02540.0449-0.02350.02910.0454-0.00950.03410.0507-0.00470.03920.05480.0211-0.00250.0292-0.1173-0.04260.05120.07840.06500.05780.00080.01460.0189<div><p>Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes.</p><p>The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary.</p></div>Investment GoalThe highest level of long-term total return that is consistent with an acceptable level of risk.Fees and Expenses of the FundYou may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds.50000These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. More information about these and other discounts is available from your financial professional and under “Your Account” on page 99 in the Fund's Prospectus and under “Buying and Selling Shares” on page 72 of the Fund’s Statement of Additional Information.SHAREHOLDER FEES (fees paid directly from your investment)~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact ftfas_S000007243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~0.05750.000.000.000.000.000.04000.01000.000.00<div><p>ANNUAL FUND OPERATING EXPENSES</p><p>(expenses that you pay each year as a percentage of the value of your investment)</p></div>~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact ftfas_S000007243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~0.00250.00250.00250.00250.00250.00250.01000.01000.00500.000.00040.00040.00040.00040.00040.00670.00670.00670.00670.00670.01210.01960.01960.01460.0096-0.0004-0.0004-0.0004-0.0004-0.00040.01170.01920.01920.01420.0092ExampleThis Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects adjustments made to the Fund's operating expenses due to the fee waiver and/or expense reimbursement by the investment manager and/or administrator for the 1 Year numbers only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:68793311981954~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact ftfas_S000007243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~59591112542089295611105422831454587941744943025271175If you do not sell your shares:~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact ftfas_S000007243Member column rr_ProspectusShareClassAxis compact * row primary compact * ~1956111054208919561110542283Portfolio Turnover0.1976<div><p>A mutual fund generally pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when mutual fund shares are held in a taxable account. During the most recent fiscal year, the Fund's portfolio turnover rate was 19.76% of the average value of its portfolio.</p></div>Principal Investment Strategies<div><p>The Fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets in other mutual funds, predominately other Franklin Templeton mutual funds (underlying funds). The Fund is designed for investors seeking the highest level of long-term total return that is consistent with a moderate level of risk. The Fund may be most appropriate for investors with an intermediate investment horizon.</p><p>Under normal market conditions, the investment manager allocates the Fund&#146;s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class. These underlying funds, in turn, invest in a variety of U.S. and foreign equity, fixed-income and money market securities.</p><p>The investment manager uses the following as a general guide in allocating the Fund&#146;s assets among the broad asset classes. These percentages may be changed from time to time by the Fund&#146;s investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations: 10% short-term investments; 55% equity funds; and 35% fixed-income funds.</p><p>Effective January 1, 2013, under normal market conditions, the investment manager allocates the Fund&#146;s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.</p><p>Effective January 1, 2013, the investment manager will use the following as a general guide in allocating the Fund&#146;s assets among the broad asset classes. These percentages may be changed from time to time by the Fund&#146;s investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations: 55% equity funds; and 45% fixed-income funds.</p><p>When selecting equity funds, the investment manager considers the underlying funds&#146; foreign and domestic exposure, market capitalization ranges, and investment style (growth vs. value). When selecting fixed-income funds, the investment manager focuses primarily on maximizing income, appropriate to the Fund&#146;s risk profile. 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).</p><p>The investment manager will vary the underlying funds&#146; allocation percentages based upon the Fund&#146;s risk/return level. No more than 25% of the Fund&#146;s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin Limited Maturity U.S. Government Securities Fund and Franklin U.S. Government Securities Fund.</p></div>Principal Risks<div><p>You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.</p><p>Asset Allocation</p><p>The Fund&#146;s ability to achieve its investment goal depends upon the investment manager&#146;s skill in determining the Fund&#146;s broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager&#146;s evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends.</p><p>Investing in Underlying Funds</p><p>Because the Fund&#146;s investments are concentrated in the underlying funds, and the Fund&#146;s performance is directly related to the performance of the underlying funds held by it, the ability of the Fund to achieve its investment goal is directly related to the ability of the underlying funds to meet their investment goal. In addition, shareholders of the Fund will indirectly bear the fees and expenses of the underlying funds. The risks described below are the principal risks of the Fund and the underlying funds. For purposes of the discussion below, &#147;Fund&#148; means the Fund and/or one or more of the underlying funds in which the Fund invests.</p><p>Market</p><p>The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security&#146;s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.</p><p>Individual stock prices tend to go up and down more dramatically than those of other types of investments. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.</p><p>Smaller and Midsize Companies</p><p>Securities issued by smaller and midsize companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller and midsize companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans.</p><p>Foreign Securities</p><p>Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.</p><p>Interest Rate</p><p>When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.</p><p>Income</p><p>Because the Fund can only distribute what it earns, the Fund's distributions to shareholders may decline when prevailing interest rates fall or when the Fund experiences defaults on debt securities it holds.</p><p>Credit</p><p>An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value. While securities issued by Ginnie Mae are backed by the full faith and credit of the U.S. government, not all securities of the various U.S. government agencies are, including those of Fannie Mae and Freddie Mac. Also guarantees of principal and interest do not apply to market prices, yields or the Fund&#146;s share price. While the U.S. government has recently provided financial support to Fannie Mae and Freddie Mac, no assurance can be given that the U.S. government will always do so, since the U.S. government is not so obligated by law.</p><p>Focus</p><p>To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.</p><p>Derivative Instruments</p><p>The performance of derivative instruments (including currency-related derivatives) depends largely on the performance of an underlying currency, security or index, and such instruments often have risks similar to their underlying instrument, in addition to other risks. Derivatives involve costs and can create economic leverage in the Fund's portfolio which may result in significant volatility and cause the Fund to participate in losses (as well as gains) in an amount that exceeds the Fund's initial investment. Other risks include illiquidity, mispricing or improper valuation of the derivative instrument, and imperfect correlation between the value of the derivative and the underlying instrument so that the Fund may not realize the intended benefits. When used for hedging, the change in value of the derivative may also not correlate specifically with the currency, security or other risk being hedged. With over-the-counter derivatives, there is the risk that the other party to the transaction will fail to perform.</p><p>Growth Style Investing</p><p>Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. Prices of these companies&#146; securities may be more volatile than other securities, particularly over the short term.</p><p>Value Style Investing</p><p>A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur.</p><p>Prepayment</p><p>Prepayment risk occurs when a debt security can be repaid in whole or in part prior to the security's maturity and the Fund must reinvest the proceeds it receives, during periods of declining interest rates, in securities that pay a lower rate of interest.</p><p>Management</p><p>The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results.</p></div>PerformanceThe following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance.The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.(800) DIAL BEN/342-5236franklintempleton.comSales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.<div><p>The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236.</p><p>The secondary indices in the table below show how the Fund's performance compares to groups of securities that align with portions of the Fund's investment strategies.</p><p>Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.</p></div>CLASS A ANNUAL TOTAL RETURNS-0.07530.22380.09640.05940.11570.0940-0.21220.24680.1197-0.0149~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact ftfas_S000007243Member ~Best Quarter:2009-06-300.1127Worst Quarter:2008-12-31-0.1059As of March 31, 2012, the Fund's year-to-date return was 6.56%.<table style="font: 11px sans-serif; background-color:#DDDDDD" border="0" cellspacing="0" cellpadding="5" width="745"><tr><td style="border-bottom: 2px solid #ffffff;" valign="top">Best Quarter:</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">Q2'09</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">11.27%</td></tr><tr><td style="border-bottom: 2px solid #ffffff;" valign="top">Worst Quarter:</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">Q4'08</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">-10.59%</td></tr><tr><td style="border-bottom: 2px solid #ffffff;" valign="top" colspan="3">As of March 31, 2012, the Fund's year-to-date return was 6.56%.</td></tr></table><div><p>AVERAGE ANNUAL TOTAL RETURNS<br/>(figures reflect sales charges)</p><p>For the periods ended December 31, 2011</p></div>~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact ftfas_S000007243Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~Return Before Taxes-0.07170.02230.0506-0.07720.01300.0421-0.04470.01520.0399-0.06010.02340.0494-0.03130.02690.0490-0.01730.03210.0543-0.01240.03720.05860.0211-0.00250.0292-0.1173-0.04260.05120.07840.06500.05780.00080.01460.0189<div><p>Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes.</p><p>The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary.</p></div>Investment GoalThe highest level of long-term total return that is consistent with an acceptable level of risk.Fees and Expenses of the FundYou may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds.50000These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. More information about these and other discounts is available from your financial professional and under “Your Account” on page 99 in the Fund's Prospectus and under “Buying and Selling Shares” on page 72 of the Fund’s Statement of Additional Information.SHAREHOLDER FEES (fees paid directly from your investment)~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact ftfas_S000007242Member column rr_ProspectusShareClassAxis compact * row primary compact * ~0.05750.000.000.000.000.000.04000.01000.000.00<div><p>ANNUAL FUND OPERATING EXPENSES</p><p>(expenses that you pay each year as a percentage of the value of your investment)</p></div>~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact ftfas_S000007242Member column rr_ProspectusShareClassAxis compact * row primary compact * ~0.00250.00250.00250.00250.00250.00250.01000.01000.00500.000.00050.00050.00050.00050.00050.00740.00740.00740.00740.00740.01290.02040.02040.01540.0104-0.0005-0.0005-0.0005-0.0005-0.00050.01240.01990.01990.01490.0099ExampleThis Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects adjustments made to the Fund's operating expenses due to the fee waiver and/or expense reimbursement by the investment manager and/or administrator for the 1 Year numbers only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:69495612372038~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact ftfas_S000007242Member column rr_ProspectusShareClassAxis compact * row primary compact * ~602935129421733026351094236615248283518311013265691267If you do not sell your shares:~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact ftfas_S000007242Member column rr_ProspectusShareClassAxis compact * row primary compact * ~2026351094217320263510942366Portfolio Turnover0.2019<div><p>A mutual fund generally pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when mutual fund shares are held in a taxable account. During the most recent fiscal year, the Fund's portfolio turnover rate was 20.19% of the average value of its portfolio.</p></div>Principal Investment Strategies<div><p>The Fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets in other mutual funds, predominately other Franklin Templeton mutual funds (underlying funds). The Fund is designed for investors seeking the highest level of long-term total return that is consistent with a higher level of risk. The Fund may be most appropriate for investors with a longer investment horizon.</p><p>Under normal market conditions, the investment manager allocates the Fund&#146;s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class. These underlying funds, in turn, invest in a variety of U.S. and foreign equity, fixed-income and money market securities.</p><p>The investment manager uses the following as a general guide in allocating the Fund&#146;s assets among the broad asset classes. These percentages may be changed from time to time by the Fund&#146;s investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations: 5% short-term investments; 80% equity funds; and 15% fixed-income funds.</p><p>Effective January 1, 2013, under normal market conditions, the investment manager allocates the Fund&#146;s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.</p><p>Effective January 1, 2013, the investment manager will use the following as a general guide in allocating the Fund&#146;s assets among the broad asset classes. These percentages may be changed from time to time by the Fund&#146;s investment manager without the approval of shareholders, and may vary up to 5% from the stated allocations: 80% equity funds; and 20% fixed-income funds.</p><p>When selecting equity funds, the investment manager considers the underlying funds&#146; foreign and domestic exposure, market capitalization ranges, and investment style (growth vs. value). When selecting fixed-income funds, the investment manager focuses primarily on maximizing income, appropriate to the Fund&#146;s risk profile. 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).</p><p>The investment manager will vary the underlying funds&#146; allocation percentages based upon the Fund&#146;s risk/return level. No more than 25% of the Fund&#146;s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin Limited Maturity U.S. Government Securities Fund and Franklin U.S. Government Securities Fund.</p></div>Principal Risks<div><p>You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.</p><p>Asset Allocation</p><p>The Fund&#146;s ability to achieve its investment goal depends upon the investment manager&#146;s skill in determining the Fund&#146;s broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager&#146;s evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends.</p><p>Investing in Underlying Funds</p><p>Because the Fund&#146;s investments are concentrated in the underlying funds, and the Fund&#146;s performance is directly related to the performance of the underlying funds held by it, the ability of the Fund to achieve its investment goal is directly related to the ability of the underlying funds to meet their investment goal. In addition, shareholders of the Fund will indirectly bear the fees and expenses of the underlying funds. The risks described below are the principal risks of the Fund and the underlying funds. For purposes of the discussion below, &#147;Fund&#148; means the Fund and/or one or more of the underlying funds in which the Fund invests.</p><p>Market</p><p>The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security&#146;s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.</p><p>Individual stock prices tend to go up and down more dramatically than those of other types of investments. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.</p><p>Growth Style Investing</p><p>Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. Prices of these companies&#146; securities may be more volatile than other securities, particularly over the short term.</p><p>Value Style Investing</p><p>A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur.</p><p>Smaller and Midsize Companies</p><p>Securities issued by smaller and midsize companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller and midsize companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans.</p><p>Foreign Securities</p><p>Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.</p><p>Focus</p><p>To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.</p><p>Interest Rate</p><p>When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.</p><p>Credit</p><p>An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value.</p><p>Management</p><p>The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results.</p></div>PerformanceThe following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance.The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.(800) DIAL BEN/342-5236franklintempleton.comSales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.<div><p>The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236.</p><p>The secondary indices in the table below show how the Fund's performance compares to groups of securities that align with portions of the Fund's investment strategies.</p><p>Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.</p></div>CLASS A ANNUAL TOTAL RETURNS-0.14650.30110.11280.08470.13900.1058-0.30750.31080.1431-0.0315~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact ftfas_S000007242Member ~Best Quarter:2009-06-300.1455Worst Quarter:2008-12-31-0.1619As of March 31, 2012, the Fund's year-to-date return was 8.49%.<table style="font: 11px sans-serif; background-color:#DDDDDD" border="0" cellspacing="0" cellpadding="5" width="745"><tr><td style="border-bottom: 2px solid #ffffff;" valign="top">Best Quarter:</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">Q2'09</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">14.55%</td></tr><tr><td style="border-bottom: 2px solid #ffffff;" valign="top">Worst Quarter:</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">Q4'08</td><td style="border-bottom: 2px solid #ffffff;" valign="bottom" align="right">-16.19%</td></tr><tr><td style="border-bottom: 2px solid #ffffff;" valign="top" colspan="3">As of March 31, 2012, the Fund's year-to-date return was 8.49%.</td></tr></table><div><p>AVERAGE ANNUAL TOTAL RETURNS<br/>(figures reflect sales charges)</p><p>For the periods ended December 31, 2011</p></div>~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact ftfas_S000007242Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~Return Before Taxes-0.08710.00940.0480-0.08970.00270.0429-0.05400.00630.0403-0.07690.01020.0484-0.04870.01370.0464-0.03400.01890.0518-0.02900.02390.05590.0211-0.00250.0292-0.1173-0.04260.05120.07840.06500.05780.00080.01460.0189<div><p>Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes.</p><p>The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary.</p></div>New or additional investments into Class B are no longer permitted. Since inception December 1, 2003.Effective January 1, 2013, this index will no longer be used as a secondary benchmark.Total annual Fund operating expenses differ from the ratio of expenses to average net assets shown in the Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses.The investment manager and administrator have contractually agreed to waive or assume certain expenses so that common expenses (excluding Rule 12b-1 fees and acquired fund fees and expenses) for each class of the Fund do not exceed 0.25% (other than certain non-routine expenses), until April 30, 2013. The investment manager and administrator also have contractually agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money fund (acquired fund) for at least the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be terminated during the terms set forth above. EX-101.PRE 5 ftfas-20121025_pre.xml EX-101.PRE EX-101.LAB 6 ftfas-20121025_lab.xml EX-101.LAB Expense Example, No Redemption: Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Bar Chart [Table] Performance [Table] Expense Example, No Redemption Narrative [Text Block] Market Index Performance [Table] Expense Example, No Redemption [Table] Risk/Return Detail [Table] Performance Measure [Axis] Before Taxes After Taxes on Distributions After Taxes on Distributions and Sales Amendment Description Amendment Flag Document Creation Date Document Effective Date Document [Axis] Prospectus Document Period End Date Document Type Entities [Table] Entity [Text Block] Series Trading Symbol Registrant Name Central Index Key Series [Axis] Risk/Return [Heading] Objective Section: Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Strategy Section: Strategy [Heading] Strategy Narrative [Text Block] Strategy 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Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Year to Date Return, Label Bar Chart, Year to Date Return Bar Chart, Year to Date Return, Date Highest Quarterly Return, Label Label Highest Quarterly Return Highest Quarterly Return, Date Lowest Quarterly Return, Label Label Lowest Quarterly Return Lowest Quarterly Return, Date Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table Explanation after Tax Higher Caption Column Label 1 Year 5 Years 10 Years Since Inception Inception Date DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsLabel DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear01 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear05 DEPRECATED 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Year DEPRECATED 5 Years DEPRECATED 10 Years DEPRECATED Market Index Return, Since inception DEPRECATED Market Index Return, Inception Date Performance Table Footnotes Performance Table Closing [Text Block] Risk Section: Risk [Heading] Risk Narrative [Text Block] Risk Nondiversified Status [Text] Risk Lose Money [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Risk Footnotes [Text Block] Risk Closing [Text Block] Expense [Heading] Expense Narrative [Text Block] Expense Breakpoint Discounts [Text] Expense Exchange Traded Fund Commissions [Text] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management Fees (as a percentage of Assets) Distribution and Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Other Expenses (as a percentage of Assets): Other Expenses Other expenses of the Fund Other expenses of the Subsidiary (including Subsidiary management fee) Component3 Other Expenses Acquired Fund Fees and Expenses Expenses (as a percentage of Assets) Total Expenses Fee Waiver or Reimbursement Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Net Expenses Expenses Represent Both Master and Feeder [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expense Example [Heading] Expense Example Narrative [Text Block] Expense Example by Year [Heading] Expense Example by, Year, Caption [Text] Expense Example, By Year, Column [Text] Column Expense Example, with Redemption, 1 Year 1 Year Expense Example, with Redemption, 3 Years 3 Years Expense Example, with Redemption, 5 Years 5 Years Expense Example, with Redemption, 10 Years 10 Years Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, By Year, Column [Text] Column Expense Example, No Redemption, 1 Year 1 Year Expense Example, No Redemption, 3 Years 3 Years Expense Example, No Redemption, 5 Years 5 Years Expense Example, No Redemption, 10 Years 10 Years Expense Example Closing [Text Block] Prospectus Date Prospectus: Share Class [Axis] Share Classes Prospectus [Line Items] Form N-1A: Risk/Return: Portfolio Turnover [Heading] Portfolio Turnover [Text 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Performance Table One Class of after Tax Shown [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Index No Deduction for Fees, Expenses, Taxes [Text] Annual Return 2013 Annual Return 2014 Performance Availability Website Address [Text] Performance Availability Phone [Text] Franklin Templeton Conservative Allocation FundFranklin Templeton Conservative Allocation Fund Class AClass AFranklin Templeton Conservative Allocation Fund Class BClass BFranklin Templeton Conservative Allocation Fund Class CClass CFranklin Templeton Conservative Allocation Fund Class RClass RFranklin Templeton Conservative Allocation Fund Advisor ClassAdvisor ClassS&P 500® IndexMSCI EAFE IndexBarclays U.S. Aggregate IndexPayden & Rygel 90 Day U.S. Treasury BillFranklin Templeton Moderate Allocation FundFranklin Templeton Moderate Allocation Fund Class AClass AFranklin Templeton Moderate Allocation Fund Class BClass BFranklin Templeton Moderate Allocation Fund Class CClass CFranklin Templeton Moderate Allocation Fund Class RClass RFranklin Templeton Moderate Allocation Fund Advisor ClassAdvisor ClassFranklin Templeton Growth Allocation FundFranklin Templeton Growth Allocation Fund Class AClass AFranklin Templeton Growth Allocation Fund Class BClass BFranklin Templeton Growth Allocation Fund Class CClass CFranklin Templeton Growth Allocation Fund Class RClass RFranklin Templeton Growth Allocation Fund Advisor ClassAdvisor Class XML 7 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Dec. 31, 2011
Registrant Name dei_EntityRegistrantName FRANKLIN TEMPLETON FUND ALLOCATOR SERIES
Central Index Key dei_EntityCentralIndexKey 0001022804
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 08, 2011
Document Effective Date dei_DocumentEffectiveDate Oct. 26, 2012
Prospectus Date rr_ProspectusDate Oct. 26, 2012
Risk/Return [Heading] rr_RiskReturnHeading Fund Summary
Franklin Templeton Conservative Allocation Fund
  
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading Investment Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The highest level of long-term total return that is consistent with an acceptable level of risk.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. More information about these and other discounts is available from your financial professional and under “Your Account” on page 99 in the Fund's Prospectus and under “Buying and Selling Shares” on page 72 of the Fund’s Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES

(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

A mutual fund generally pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when mutual fund shares are held in a taxable account. During the most recent fiscal year, the Fund's portfolio turnover rate was 18.67% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 18.67%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects adjustments made to the Fund's operating expenses due to the fee waiver and/or expense reimbursement by the investment manager and/or administrator for the 1 Year numbers only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If you do not sell your shares:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets in other mutual funds, predominately other Franklin Templeton mutual funds (underlying funds). 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 Fund’s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class. These underlying funds, in turn, invest in a variety of U.S. and foreign equity, fixed-income and money market securities.

The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 20% short-term investments; 40% equity funds; and 40% fixed-income funds.

Effective January 1, 2013, under normal market conditions, the investment manager allocates the Fund’s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.

Effective January 1, 2013, the investment manager will use the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 60% fixed-income funds; and 40% equity funds.

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 focuses primarily on maximizing income, appropriate to the Fund’s risk profile. 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 Fund’s risk/return level. No more than 25% of the Fund’s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin Limited Maturity U.S. Government Securities Fund and Franklin U.S. Government Securities Fund.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.

Asset Allocation

The Fund’s ability to achieve its investment goal depends upon the investment manager’s skill in determining the Fund’s broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager’s evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends.

Investing in Underlying Funds

Because the Fund’s investments are concentrated in the underlying funds, and the Fund’s performance is directly related to the performance of the underlying funds held by it, the ability of the Fund to achieve its investment goal is directly related to the ability of the underlying funds to meet their investment goal. In addition, shareholders of the Fund will indirectly bear the fees and expenses of the underlying funds. The risks described below are the principal risks of the Fund and the underlying funds. For purposes of the discussion below, “Fund” means the Fund and/or one or more of the underlying funds in which the Fund invests.

Interest Rate

When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.

Income

Because the Fund can only distribute what it earns, the Fund's distributions to shareholders may decline when prevailing interest rates fall or when the Fund experiences defaults on debt securities it holds.

Credit

An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value. While securities issued by Ginnie Mae are backed by the full faith and credit of the U.S. government, not all securities of the various U.S. government agencies are, including those of Fannie Mae and Freddie Mac. Also guarantees of principal and interest do not apply to market prices, yields or the Fund’s share price. While the U.S. government has recently provided financial support to Fannie Mae and Freddie Mac, no assurance can be given that the U.S. government will always do so, since the U.S. government is not so obligated by law.

Market

The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security’s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.

Individual stock prices tend to go up and down more dramatically than those of other types of investments. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.

Smaller and Midsize Companies

Securities issued by smaller and midsize companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller and midsize companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans.

Foreign Securities

Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.

Focus

To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.

Derivative Instruments

The performance of derivative instruments (including currency-related derivatives) depends largely on the performance of an underlying currency, security or index, and such instruments often have risks similar to their underlying instrument, in addition to other risks. Derivatives involve costs and can create economic leverage in the Fund's portfolio which may result in significant volatility and cause the Fund to participate in losses (as well as gains) in an amount that exceeds the Fund's initial investment. Other risks include illiquidity, mispricing or improper valuation of the derivative instrument, and imperfect correlation between the value of the derivative and the underlying instrument so that the Fund may not realize the intended benefits. When used for hedging, the change in value of the derivative may also not correlate specifically with the currency, security or other risk being hedged. With over-the-counter derivatives, there is the risk that the other party to the transaction will fail to perform.

Growth Style Investing

Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. Prices of these companies’ securities may be more volatile than other securities, particularly over the short term.

Value Style Investing

A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur.

Prepayment

Prepayment risk occurs when a debt security can be repaid in whole or in part prior to the security's maturity and the Fund must reinvest the proceeds it receives, during periods of declining interest rates, in securities that pay a lower rate of interest.

Management

The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236.

The secondary indices in the table below show how the Fund's performance compares to groups of securities that align with portions of the Fund's investment strategies.

Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone (800) DIAL BEN/342-5236
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress franklintempleton.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A ANNUAL TOTAL RETURNS
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:Q3'098.98%
Worst Quarter:Q4'08-7.43%
As of March 31, 2012, the Fund's year-to-date return was 5.27%.
Performance Table Heading rr_PerformanceTableHeading

AVERAGE ANNUAL TOTAL RETURNS
(figures reflect sales charges)

For the periods ended December 31, 2011
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes.

The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary.
Franklin Templeton Conservative Allocation Fund | S&P 500® Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
10 Years rr_AverageAnnualReturnYear10 2.92%
Franklin Templeton Conservative Allocation Fund | MSCI EAFE Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (11.73%)
5 Years rr_AverageAnnualReturnYear05 (4.26%)
10 Years rr_AverageAnnualReturnYear10 5.12%
Franklin Templeton Conservative Allocation Fund | Barclays U.S. Aggregate Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 5.78%
Franklin Templeton Conservative Allocation Fund | Payden & Rygel 90 Day U.S. Treasury Bill
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.08% [1]
5 Years rr_AverageAnnualReturnYear05 1.46% [1]
10 Years rr_AverageAnnualReturnYear10 1.89% [1]
Franklin Templeton Conservative Allocation Fund | Class A
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.60% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.15%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.10% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 681
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 915
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,167
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,890
Annual Return 2002 rr_AnnualReturn2002 (3.79%)
Annual Return 2003 rr_AnnualReturn2003 17.35%
Annual Return 2004 rr_AnnualReturn2004 7.98%
Annual Return 2005 rr_AnnualReturn2005 4.70%
Annual Return 2006 rr_AnnualReturn2006 9.92%
Annual Return 2007 rr_AnnualReturn2007 8.29%
Annual Return 2008 rr_AnnualReturn2008 (15.41%)
Annual Return 2009 rr_AnnualReturn2009 19.67%
Annual Return 2010 rr_AnnualReturn2010 10.00%
Annual Return 2011 rr_AnnualReturn2011 (0.71%)
Year to Date Return, Label rr_YearToDateReturnLabel As of March 31, 2012, the Fund's year-to-date return was 5.27%.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 8.98%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.43%)
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (6.43%)
5 Years rr_AverageAnnualReturnYear05 2.45%
10 Years rr_AverageAnnualReturnYear10 4.70%
Franklin Templeton Conservative Allocation Fund | Class A | After Taxes on Distributions
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (7.04%)
5 Years rr_AverageAnnualReturnYear05 1.50%
10 Years rr_AverageAnnualReturnYear10 3.78%
Franklin Templeton Conservative Allocation Fund | Class A | After Taxes on Distributions and Sales
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (4.03%)
5 Years rr_AverageAnnualReturnYear05 1.64%
10 Years rr_AverageAnnualReturnYear10 3.60%
Franklin Templeton Conservative Allocation Fund | Class B
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none [4]
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 4.00% [4]
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.60% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.90%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.85% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 588
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 892
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,222
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,025
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 188
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 592
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,022
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,025
1 Year rr_AverageAnnualReturnYear01 (5.34%)
5 Years rr_AverageAnnualReturnYear05 2.54%
10 Years rr_AverageAnnualReturnYear10 4.49% [5]
Franklin Templeton Conservative Allocation Fund | Class C
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.60% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.90%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.85% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 288
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 592
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,022
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,221
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 188
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 592
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,022
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,221
1 Year rr_AverageAnnualReturnYear01 (2.35%)
5 Years rr_AverageAnnualReturnYear05 2.91%
10 Years rr_AverageAnnualReturnYear10 4.54%
Franklin Templeton Conservative Allocation Fund | Class R
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.60% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.40%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.35% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 137
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 438
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 761
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,678
1 Year rr_AverageAnnualReturnYear01 (0.95%)
5 Years rr_AverageAnnualReturnYear05 3.41%
10 Years rr_AverageAnnualReturnYear10 5.07%
Franklin Templeton Conservative Allocation Fund | Advisor Class
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.60% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 0.90%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 0.85% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 87
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 282
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 494
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,105
1 Year rr_AverageAnnualReturnYear01 (0.47%)
5 Years rr_AverageAnnualReturnYear05 3.92%
10 Years rr_AverageAnnualReturnYear10 5.48%
Franklin Templeton Moderate Allocation Fund
  
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading Investment Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The highest level of long-term total return that is consistent with an acceptable level of risk.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. More information about these and other discounts is available from your financial professional and under “Your Account” on page 99 in the Fund's Prospectus and under “Buying and Selling Shares” on page 72 of the Fund’s Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES

(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

A mutual fund generally pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when mutual fund shares are held in a taxable account. During the most recent fiscal year, the Fund's portfolio turnover rate was 19.76% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 19.76%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects adjustments made to the Fund's operating expenses due to the fee waiver and/or expense reimbursement by the investment manager and/or administrator for the 1 Year numbers only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If you do not sell your shares:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets in other mutual funds, predominately other Franklin Templeton mutual funds (underlying funds). The Fund is designed for investors seeking the highest level of long-term total return that is consistent with a moderate level of risk. The Fund may be most appropriate for investors with an intermediate investment horizon.

Under normal market conditions, the investment manager allocates the Fund’s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class. These underlying funds, in turn, invest in a variety of U.S. and foreign equity, fixed-income and money market securities.

The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 10% short-term investments; 55% equity funds; and 35% fixed-income funds.

Effective January 1, 2013, under normal market conditions, the investment manager allocates the Fund’s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.

Effective January 1, 2013, the investment manager will use the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 55% equity funds; and 45% fixed-income funds.

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 focuses primarily on maximizing income, appropriate to the Fund’s risk profile. 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 Fund’s risk/return level. No more than 25% of the Fund’s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin Limited Maturity U.S. Government Securities Fund and Franklin U.S. Government Securities Fund.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.

Asset Allocation

The Fund’s ability to achieve its investment goal depends upon the investment manager’s skill in determining the Fund’s broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager’s evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends.

Investing in Underlying Funds

Because the Fund’s investments are concentrated in the underlying funds, and the Fund’s performance is directly related to the performance of the underlying funds held by it, the ability of the Fund to achieve its investment goal is directly related to the ability of the underlying funds to meet their investment goal. In addition, shareholders of the Fund will indirectly bear the fees and expenses of the underlying funds. The risks described below are the principal risks of the Fund and the underlying funds. For purposes of the discussion below, “Fund” means the Fund and/or one or more of the underlying funds in which the Fund invests.

Market

The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security’s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.

Individual stock prices tend to go up and down more dramatically than those of other types of investments. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.

Smaller and Midsize Companies

Securities issued by smaller and midsize companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller and midsize companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans.

Foreign Securities

Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.

Interest Rate

When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.

Income

Because the Fund can only distribute what it earns, the Fund's distributions to shareholders may decline when prevailing interest rates fall or when the Fund experiences defaults on debt securities it holds.

Credit

An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value. While securities issued by Ginnie Mae are backed by the full faith and credit of the U.S. government, not all securities of the various U.S. government agencies are, including those of Fannie Mae and Freddie Mac. Also guarantees of principal and interest do not apply to market prices, yields or the Fund’s share price. While the U.S. government has recently provided financial support to Fannie Mae and Freddie Mac, no assurance can be given that the U.S. government will always do so, since the U.S. government is not so obligated by law.

Focus

To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.

Derivative Instruments

The performance of derivative instruments (including currency-related derivatives) depends largely on the performance of an underlying currency, security or index, and such instruments often have risks similar to their underlying instrument, in addition to other risks. Derivatives involve costs and can create economic leverage in the Fund's portfolio which may result in significant volatility and cause the Fund to participate in losses (as well as gains) in an amount that exceeds the Fund's initial investment. Other risks include illiquidity, mispricing or improper valuation of the derivative instrument, and imperfect correlation between the value of the derivative and the underlying instrument so that the Fund may not realize the intended benefits. When used for hedging, the change in value of the derivative may also not correlate specifically with the currency, security or other risk being hedged. With over-the-counter derivatives, there is the risk that the other party to the transaction will fail to perform.

Growth Style Investing

Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. Prices of these companies’ securities may be more volatile than other securities, particularly over the short term.

Value Style Investing

A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur.

Prepayment

Prepayment risk occurs when a debt security can be repaid in whole or in part prior to the security's maturity and the Fund must reinvest the proceeds it receives, during periods of declining interest rates, in securities that pay a lower rate of interest.

Management

The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236.

The secondary indices in the table below show how the Fund's performance compares to groups of securities that align with portions of the Fund's investment strategies.

Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone (800) DIAL BEN/342-5236
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress franklintempleton.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A ANNUAL TOTAL RETURNS
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:Q2'0911.27%
Worst Quarter:Q4'08-10.59%
As of March 31, 2012, the Fund's year-to-date return was 6.56%.
Performance Table Heading rr_PerformanceTableHeading

AVERAGE ANNUAL TOTAL RETURNS
(figures reflect sales charges)

For the periods ended December 31, 2011
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes.

The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary.
Franklin Templeton Moderate Allocation Fund | S&P 500® Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
10 Years rr_AverageAnnualReturnYear10 2.92%
Franklin Templeton Moderate Allocation Fund | MSCI EAFE Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (11.73%)
5 Years rr_AverageAnnualReturnYear05 (4.26%)
10 Years rr_AverageAnnualReturnYear10 5.12%
Franklin Templeton Moderate Allocation Fund | Barclays U.S. Aggregate Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 5.78%
Franklin Templeton Moderate Allocation Fund | Payden & Rygel 90 Day U.S. Treasury Bill
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.08% [1]
5 Years rr_AverageAnnualReturnYear05 1.46% [1]
10 Years rr_AverageAnnualReturnYear10 1.89% [1]
Franklin Templeton Moderate Allocation Fund | Class A
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.67% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.21%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.17% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 687
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 933
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,198
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,954
Annual Return 2002 rr_AnnualReturn2002 (7.53%)
Annual Return 2003 rr_AnnualReturn2003 22.38%
Annual Return 2004 rr_AnnualReturn2004 9.64%
Annual Return 2005 rr_AnnualReturn2005 5.94%
Annual Return 2006 rr_AnnualReturn2006 11.57%
Annual Return 2007 rr_AnnualReturn2007 9.40%
Annual Return 2008 rr_AnnualReturn2008 (21.22%)
Annual Return 2009 rr_AnnualReturn2009 24.68%
Annual Return 2010 rr_AnnualReturn2010 11.97%
Annual Return 2011 rr_AnnualReturn2011 (1.49%)
Year to Date Return, Label rr_YearToDateReturnLabel As of March 31, 2012, the Fund's year-to-date return was 6.56%.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.27%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.59%)
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (7.17%)
5 Years rr_AverageAnnualReturnYear05 2.23%
10 Years rr_AverageAnnualReturnYear10 5.06%
Franklin Templeton Moderate Allocation Fund | Class A | After Taxes on Distributions
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (7.72%)
5 Years rr_AverageAnnualReturnYear05 1.30%
10 Years rr_AverageAnnualReturnYear10 4.21%
Franklin Templeton Moderate Allocation Fund | Class A | After Taxes on Distributions and Sales
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (4.47%)
5 Years rr_AverageAnnualReturnYear05 1.52%
10 Years rr_AverageAnnualReturnYear10 3.99%
Franklin Templeton Moderate Allocation Fund | Class B
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none [4]
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 4.00% [4]
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.67% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.96%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.92% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 595
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 911
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,254
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,089
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 195
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 611
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,054
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,089
1 Year rr_AverageAnnualReturnYear01 (6.01%)
5 Years rr_AverageAnnualReturnYear05 2.34%
10 Years rr_AverageAnnualReturnYear10 4.94% [5]
Franklin Templeton Moderate Allocation Fund | Class C
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.67% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.96%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.92% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 295
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 611
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,054
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,283
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 195
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 611
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,054
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,283
1 Year rr_AverageAnnualReturnYear01 (3.13%)
5 Years rr_AverageAnnualReturnYear05 2.69%
10 Years rr_AverageAnnualReturnYear10 4.90%
Franklin Templeton Moderate Allocation Fund | Class R
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.67% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.46%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.42% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 145
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 458
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 794
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,744
1 Year rr_AverageAnnualReturnYear01 (1.73%)
5 Years rr_AverageAnnualReturnYear05 3.21%
10 Years rr_AverageAnnualReturnYear10 5.43%
Franklin Templeton Moderate Allocation Fund | Advisor Class
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.67% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 0.96%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 0.92% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 94
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 302
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 527
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,175
1 Year rr_AverageAnnualReturnYear01 (1.24%)
5 Years rr_AverageAnnualReturnYear05 3.72%
10 Years rr_AverageAnnualReturnYear10 5.86%
Franklin Templeton Growth Allocation Fund
  
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading Investment Goal
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The highest level of long-term total return that is consistent with an acceptable level of risk.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds. More information about these and other discounts is available from your financial professional and under “Your Account” on page 99 in the Fund's Prospectus and under “Buying and Selling Shares” on page 72 of the Fund’s Statement of Additional Information.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES

(expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

A mutual fund generally pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when mutual fund shares are held in a taxable account. During the most recent fiscal year, the Fund's portfolio turnover rate was 20.19% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 20.19%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts in Class A if you and your family invest, or agree to invest in the future, at least $50,000 in Franklin Templeton funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of the period. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. The Example reflects adjustments made to the Fund's operating expenses due to the fee waiver and/or expense reimbursement by the investment manager and/or administrator for the 1 Year numbers only. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption If you do not sell your shares:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a "fund of funds" meaning that it seeks to achieve its investment goal by investing its assets in other mutual funds, predominately other Franklin Templeton mutual funds (underlying funds). The Fund is designed for investors seeking the highest level of long-term total return that is consistent with a higher level of risk. The Fund may be most appropriate for investors with a longer investment horizon.

Under normal market conditions, the investment manager allocates the Fund’s assets among the broad asset classes of equity, fixed-income and short-term (money market) investments by investing primarily in a distinctly-weighted combination of underlying funds, based on each underlying fund's predominant asset class. These underlying funds, in turn, invest in a variety of U.S. and foreign equity, fixed-income and money market securities.

The investment manager uses the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 5% short-term investments; 80% equity funds; and 15% fixed-income funds.

Effective January 1, 2013, under normal market conditions, the investment manager allocates the Fund’s 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. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income securities.

Effective January 1, 2013, the investment manager will use the following as a general guide in allocating the Fund’s assets among the broad asset classes. 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 5% from the stated allocations: 80% equity funds; and 20% fixed-income funds.

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 focuses primarily on maximizing income, appropriate to the Fund’s risk profile. 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 Fund’s risk/return level. No more than 25% of the Fund’s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin Limited Maturity U.S. Government Securities Fund and Franklin U.S. Government Securities Fund.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money by investing in the Fund. Mutual fund shares are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not insured by the Federal Deposit Insurance Corporation, the Federal Reserve Board, or any other agency of the U.S. government.

Asset Allocation

The Fund’s ability to achieve its investment goal depends upon the investment manager’s skill in determining the Fund’s broad asset allocation mix and selecting underlying funds. There is the possibility that the investment manager’s evaluations and assumptions regarding asset classes and underlying funds will not successfully achieve the Fund's investment goal in view of actual market trends.

Investing in Underlying Funds

Because the Fund’s investments are concentrated in the underlying funds, and the Fund’s performance is directly related to the performance of the underlying funds held by it, the ability of the Fund to achieve its investment goal is directly related to the ability of the underlying funds to meet their investment goal. In addition, shareholders of the Fund will indirectly bear the fees and expenses of the underlying funds. The risks described below are the principal risks of the Fund and the underlying funds. For purposes of the discussion below, “Fund” means the Fund and/or one or more of the underlying funds in which the Fund invests.

Market

The market values of securities owned by the Fund will go up or down, sometimes rapidly or unpredictably. A security’s market value may be reduced by market activity or other results of supply and demand unrelated to the issuer. This is a basic risk associated with all securities. When there are more sellers than buyers, prices tend to fall. Likewise, when there are more buyers than sellers, prices tend to rise.

Individual stock prices tend to go up and down more dramatically than those of other types of investments. A slower-growth or recessionary economic environment could have an adverse effect on the prices of the various stocks held by the Fund.

Growth Style Investing

Growth stock prices reflect projections of future earnings or revenues, and can, therefore, fall dramatically if the company fails to meet those projections. Prices of these companies’ securities may be more volatile than other securities, particularly over the short term.

Value Style Investing

A value stock may not increase in price as anticipated by the investment manager if other investors fail to recognize the company's value and bid up the price, the markets favor faster-growing companies, or the factors that the investment manager believes will increase the price of the security do not occur.

Smaller and Midsize Companies

Securities issued by smaller and midsize companies may be more volatile in price than those of larger companies, involve substantial risks and should be considered speculative. Such risks may include greater sensitivity to economic conditions, less certain growth prospects, lack of depth of management and funds for growth and development and limited or less developed product lines and markets. In addition, smaller and midsize companies may be particularly affected by interest rate increases, as they may find it more difficult to borrow money to continue or expand operations, or may have difficulty in repaying any loans.

Foreign Securities

Investing in foreign securities typically involves more risks than investing in U.S. securities, and includes risks associated with: political and economic developments - the political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.; trading practices - government supervision and regulation of foreign securities and currency markets, trading systems and brokers may be less than in the U.S.; availability of information - foreign issuers may not be subject to the same disclosure, accounting and financial reporting standards and practices as U.S. issuers; limited markets - the securities of certain foreign issuers may be less liquid (harder to sell) and more volatile; and currency exchange rate fluctuations and policies. The risks of foreign investments may be greater in developing or emerging market countries.

Focus

To the extent that the Fund focuses on particular countries, regions, industries, sectors or types of investment from time to time, the Fund may be subject to greater risks of adverse developments in such areas of focus than a fund that invests in a wider variety of countries, regions, industries, sectors or investments.

Interest Rate

When interest rates rise, debt security prices generally fall. The opposite is also generally true: debt security prices rise when interest rates fall. In general, securities with longer maturities are more sensitive to these interest rate changes.

Credit

An issuer of debt securities may fail to make interest payments and repay principal when due, in whole or in part. Changes in an issuer's financial strength or in a security's credit rating may affect a security's value.

Management

The Fund is subject to management risk because it is an actively managed investment portfolio. The Fund's investment manager applies investment techniques and risk analyses in making investment decisions for the Fund, but there can be no guarantee that these decisions will produce the desired results.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance. The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. You can obtain updated performance information at franklintempleton.com or by calling (800) DIAL BEN/342-5236.

The secondary indices in the table below show how the Fund's performance compares to groups of securities that align with portions of the Fund's investment strategies.

Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Class A shares. The table shows how the Fund's average annual returns for 1 year, 5 years, 10 years or since inception, as applicable, compared with those of a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone (800) DIAL BEN/342-5236
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress franklintempleton.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading CLASS A ANNUAL TOTAL RETURNS
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges are not reflected in the bar chart, and if those charges were included, returns would be less than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
Best Quarter:Q2'0914.55%
Worst Quarter:Q4'08-16.19%
As of March 31, 2012, the Fund's year-to-date return was 8.49%.
Performance Table Heading rr_PerformanceTableHeading

AVERAGE ANNUAL TOTAL RETURNS
(figures reflect sales charges)

For the periods ended December 31, 2011
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

Historical performance for Advisor Class shares prior to their inception is based on the performance of Class A shares. Advisor Class performance has been adjusted to reflect differences in sales charges between classes.

The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class A and after-tax returns for other classes will vary.
Franklin Templeton Growth Allocation Fund | S&P 500® Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
10 Years rr_AverageAnnualReturnYear10 2.92%
Franklin Templeton Growth Allocation Fund | MSCI EAFE Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (11.73%)
5 Years rr_AverageAnnualReturnYear05 (4.26%)
10 Years rr_AverageAnnualReturnYear10 5.12%
Franklin Templeton Growth Allocation Fund | Barclays U.S. Aggregate Index
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.84%
5 Years rr_AverageAnnualReturnYear05 6.50%
10 Years rr_AverageAnnualReturnYear10 5.78%
Franklin Templeton Growth Allocation Fund | Payden & Rygel 90 Day U.S. Treasury Bill
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.08% [1]
5 Years rr_AverageAnnualReturnYear05 1.46% [1]
10 Years rr_AverageAnnualReturnYear10 1.89% [1]
Franklin Templeton Growth Allocation Fund | Class A
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.29%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.24% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 694
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 956
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,237
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,038
Annual Return 2002 rr_AnnualReturn2002 (14.65%)
Annual Return 2003 rr_AnnualReturn2003 30.11%
Annual Return 2004 rr_AnnualReturn2004 11.28%
Annual Return 2005 rr_AnnualReturn2005 8.47%
Annual Return 2006 rr_AnnualReturn2006 13.90%
Annual Return 2007 rr_AnnualReturn2007 10.58%
Annual Return 2008 rr_AnnualReturn2008 (30.75%)
Annual Return 2009 rr_AnnualReturn2009 31.08%
Annual Return 2010 rr_AnnualReturn2010 14.31%
Annual Return 2011 rr_AnnualReturn2011 (3.15%)
Year to Date Return, Label rr_YearToDateReturnLabel As of March 31, 2012, the Fund's year-to-date return was 8.49%.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.55%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.19%)
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (8.71%)
5 Years rr_AverageAnnualReturnYear05 0.94%
10 Years rr_AverageAnnualReturnYear10 4.80%
Franklin Templeton Growth Allocation Fund | Class A | After Taxes on Distributions
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (8.97%)
5 Years rr_AverageAnnualReturnYear05 0.27%
10 Years rr_AverageAnnualReturnYear10 4.29%
Franklin Templeton Growth Allocation Fund | Class A | After Taxes on Distributions and Sales
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (5.40%)
5 Years rr_AverageAnnualReturnYear05 0.63%
10 Years rr_AverageAnnualReturnYear10 4.03%
Franklin Templeton Growth Allocation Fund | Class B
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none [4]
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 4.00% [4]
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 2.04%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.99% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 602
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 935
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,294
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,173
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 202
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 635
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,094
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,173
1 Year rr_AverageAnnualReturnYear01 (7.69%)
5 Years rr_AverageAnnualReturnYear05 1.02%
10 Years rr_AverageAnnualReturnYear10 4.84% [5]
Franklin Templeton Growth Allocation Fund | Class C
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 2.04%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.99% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 302
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 635
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,094
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,366
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 202
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 635
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,094
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,366
1 Year rr_AverageAnnualReturnYear01 (4.87%)
5 Years rr_AverageAnnualReturnYear05 1.37%
10 Years rr_AverageAnnualReturnYear10 4.64%
Franklin Templeton Growth Allocation Fund | Class R
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.54%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 1.49% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 152
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 482
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 835
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,831
1 Year rr_AverageAnnualReturnYear01 (3.40%)
5 Years rr_AverageAnnualReturnYear05 1.89%
10 Years rr_AverageAnnualReturnYear10 5.18%
Franklin Templeton Growth Allocation Fund | Advisor Class
  
Risk/Return: rr_RiskReturnAbstract  
Maximum Cumulative Sales Charge (as a percentage of Offering Price) rr_MaximumCumulativeSalesChargeOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 0.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.74% [2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.04%
Fee Waiver or Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [3]
Net Expenses (as a percentage of Assets) rr_NetExpensesOverAssets 0.99% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 101
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 326
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 569
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,267
1 Year rr_AverageAnnualReturnYear01 (2.90%)
5 Years rr_AverageAnnualReturnYear05 2.39%
10 Years rr_AverageAnnualReturnYear10 5.59%
[1] Effective January 1, 2013, this index will no longer be used as a secondary benchmark.
[2] Total annual Fund operating expenses differ from the ratio of expenses to average net assets shown in the Financial Highlights, which reflect the operating expenses of the Fund and do not include acquired fund fees and expenses.
[3] The investment manager and administrator have contractually agreed to waive or assume certain expenses so that common expenses (excluding Rule 12b-1 fees and acquired fund fees and expenses) for each class of the Fund do not exceed 0.25% (other than certain non-routine expenses), until April 30, 2013. The investment manager and administrator also have contractually agreed in advance to reduce their fees as a result of the Fund's investment in a Franklin Templeton money fund (acquired fund) for at least the next 12-month period. Contractual fee waiver and/or expense reimbursement agreements may not be terminated during the terms set forth above.
[4] New or additional investments into Class B are no longer permitted.
[5] Since inception December 1, 2003.
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