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      <invstOrSec>
        <name>Alphabet, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Alphabet, Inc.</name>
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          <isin value="US02079K3059"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Altria Group, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Amazon.com, Inc.</name>
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        <title>Amazon.com, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Express Co.</name>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>American International Group, Inc.</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>American Tower Corp.</name>
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        <title>American Tower Corp.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Ameriprise Financial, Inc.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Antero Resources Corp.</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Elevance Health, Inc.</name>
        <lei>8MYN82XMYQH89CTMTH67</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>Apple, Inc.</name>
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        <title>Apple, Inc.</title>
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      <invstOrSec>
        <name>Applied Industrial Technologies, Inc.</name>
        <lei>549300NU173IJRC6PO38</lei>
        <title>Applied Industrial Technologies, Inc.</title>
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        <name>Applied Materials, Inc.</name>
        <lei>41BNNE1AFPNAZELZ6K07</lei>
        <title>Applied Materials, Inc.</title>
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        <name>Archer-Daniels-Midland Co.</name>
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        <name>Arista Networks, Inc.</name>
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        <name>Bank of America Corp.</name>
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        <name>Bank of New York Mellon Corp. (The)</name>
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        <name>Berkshire Hathaway, Inc.</name>
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        <name>Bristol-Myers Squibb Co.</name>
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        <name>Broadcom, Inc.</name>
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        <name>CBRE Group, Inc.</name>
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        <name>CVS Health Corp.</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS Health Corp.</title>
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        <name>Capital One Financial Corp.</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040H105</cusip>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Caterpillar, Inc.</name>
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        <title>Caterpillar, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Centene Corp.</name>
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        <title>Centene Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cheniere Energy, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chevron Corp.</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Chipotle Mexican Grill, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Cisco Systems, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Citigroup, Inc.</name>
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        <title>Citigroup, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Colgate-Palmolive Co.</name>
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        <title>Colgate-Palmolive Co.</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Comcast Corp.</name>
        <lei>51M0QTTNCGUN7KFCFZ59</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>ConocoPhillips</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Consolidated Edison, Inc.</name>
        <lei>54930033SBW53OO8T749</lei>
        <title>Consolidated Edison, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Costco Wholesale Corp.</name>
        <lei>29DX7H14B9S6O3FD6V18</lei>
        <title>Costco Wholesale Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Cummins, Inc.</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Datadog, Inc.</name>
        <lei>549300F6JNO0KRPO1K63</lei>
        <title>Datadog, Inc., Class A</title>
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          <isin value="US23804L1035"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Deckers Outdoor Corp.</name>
        <lei>5493008LG4W3I6K8J118</lei>
        <title>Deckers Outdoor Corp.</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Dexcom, Inc.</name>
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        <name>Edison International</name>
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        <title>Edison International</title>
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        <name>Electronic Arts, Inc.</name>
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        <title>Electronic Arts, Inc.</title>
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        <name>EMCOR Group, Inc.</name>
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        <name>Equinix, Inc.</name>
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        <name>Evercore, Inc.</name>
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        <title>Evercore, Inc., Class A</title>
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        <name>Expeditors International of Washington, Inc.</name>
        <lei>984500B055A804AB6E40</lei>
        <title>Expeditors International of Washington, Inc.</title>
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        <name>ExxonMobil Holdings Corp.</name>
        <lei>J3WHBG0MTS7O8ZVMDC91</lei>
        <title>ExxonMobil Holdings Corp.</title>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Meta Platforms, Inc.</name>
        <lei>BQ4BKCS1HXDV9HN80Z93</lei>
        <title>Meta Platforms, Inc., Class A</title>
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          <isin value="US30303M1027"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Fastenal Co.</name>
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        <title>Fastenal Co.</title>
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          <isin value="US3119001044"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FedEx Corp.</name>
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        <title>FedEx Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ferguson Enterprises, Inc.</name>
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        <title>Ferguson Enterprises, Inc.</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>First Horizon Corp.</name>
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        <title>First Horizon Corp.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Ford Motor Co.</name>
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        <title>Ford Motor Co.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Fortinet, Inc.</name>
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        <title>Fortinet, Inc.</title>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Fox Corp.</name>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Freeport-McMoRan, Inc.</name>
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        <name>Arthur J Gallagher &amp; Co.</name>
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        <name>GE Vernova, Inc.</name>
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        <name>General Electric Co.</name>
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        <title>General Electric Co.</title>
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        <name>General Motors Co.</name>
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        <title>General Motors Co.</title>
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        <name>Gilead Sciences, Inc.</name>
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        <name>Goldman Sachs Group, Inc. (The)</name>
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        <name>WW Grainger, Inc.</name>
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        <name>HF Sinclair Corp.</name>
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        <title>HF Sinclair Corp.</title>
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        <name>Halliburton Co.</name>
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        <name>Hanover Insurance Group, Inc. (The)</name>
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        <name>Hartford Insurance Group, Inc. (The)</name>
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        <title>Hartford Insurance Group, Inc. (The)</title>
        <cusip>416515104</cusip>
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        <name>Honeywell Aerospace, Inc.</name>
        <lei>213800ZUAQRBYL67JS90</lei>
        <title>Honeywell Aerospace, Inc.</title>
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        <name>Host Hotels &amp; Resorts, Inc.</name>
        <lei>N6EL63S0K3PB1YFTDI24</lei>
        <title>Host Hotels &amp; Resorts, Inc.</title>
        <cusip>44107P104</cusip>
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        <invCountry>US</invCountry>
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        <name>Houlihan Lokey, Inc.</name>
        <lei>549300S3CNGTQ1QZVY46</lei>
        <title>Houlihan Lokey, Inc., Class A</title>
        <cusip>441593100</cusip>
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        <balance>7963.00000000</balance>
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        <name>Incyte Corp.</name>
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        <name>Insulet Corp.</name>
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        <name>Intel Corp.</name>
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        <name>Intercontinental Exchange, Inc.</name>
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        <name>Johnson &amp; Johnson</name>
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        <name>Jones Lang LaSalle, Inc.</name>
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        <name>KLA Corp.</name>
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        <name>KeyCorp</name>
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        <name>Kroger Co. (The)</name>
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        <name>Lam Research Corp.</name>
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        <name>Eli Lilly &amp; Co.</name>
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        <name>Lincoln Electric Holdings, Inc.</name>
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        <name>Lockheed Martin Corp.</name>
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        <name>Lowe's Cos., Inc.</name>
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        <name>MGIC Investment Corp.</name>
        <lei>254900S8483WM4M98R28</lei>
        <title>MGIC Investment Corp.</title>
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        <name>MSCI, Inc.</name>
        <lei>549300HTIN2PD78UB763</lei>
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        <name>Mastercard, Inc.</name>
        <lei>AR5L2ODV9HN37376R084</lei>
        <title>Mastercard, Inc., Class A</title>
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        <name>Merck &amp; Co., Inc.</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co., Inc.</title>
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        <name>Mid-America Apartment Communities, Inc.</name>
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        <title>Mid-America Apartment Communities, Inc.</title>
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        <name>Monster Beverage Corp.</name>
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        <name>Morgan Stanley</name>
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        <name>NRG Energy, Inc.</name>
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        <name>Natera, Inc.</name>
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        <name>Netflix, Inc.</name>
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        <name>New York Times Co. (The)</name>
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        <name>Newmont Corp.</name>
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        <name>Northern Trust Corp.</name>
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        <title>Northern Trust Corp.</title>
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        <name>Northrop Grumman Corp.</name>
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        <title>Northrop Grumman Corp.</title>
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        <name>Nucor Corp.</name>
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        <name>Nutanix, Inc.</name>
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        <name>NVIDIA Corp.</name>
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        <title>NVIDIA Corp.</title>
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        <name>OneMain Holdings, Inc.</name>
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        <name>Otis Worldwide Corp.</name>
        <lei>549300ZLBKR8VSU25153</lei>
        <title>Otis Worldwide Corp.</title>
        <cusip>68902V107</cusip>
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        <name>PG&amp;E Corp.</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp.</title>
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        <name>Palantir Technologies, Inc.</name>
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        <name>Pfizer, Inc.</name>
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        <title>Pfizer, Inc.</title>
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        <name>Philip Morris International, Inc.</name>
        <lei>HL3H1H2BGXWVG3BSWR90</lei>
        <title>Philip Morris International, Inc.</title>
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        <name>Phillips 66</name>
        <lei>5493005JBO5YSIGK1814</lei>
        <title>Phillips 66</title>
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        <name>Public Service Enterprise Group, Inc.</name>
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        <name>ROBLOX Corp.</name>
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        <name>SBA Communications Corp.</name>
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        <name>SEI Investments Co.</name>
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        <name>Charles Schwab Corp. (The)</name>
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        <name>Sherwin-Williams Co. (The)</name>
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        <name>Talen Energy Corp.</name>
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        <title>Talen Energy Corp.</title>
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        <name>Target Corp.</name>
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        <title>Target Corp.</title>
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        <name>Texas Instruments, Inc.</name>
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        <name>3M Co.</name>
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        <name>Toast, Inc.</name>
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        <name>Toro Co. (The)</name>
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        <name>Travelers Cos., Inc. (The)</name>
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        <name>Ubiquiti, Inc.</name>
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        <name>United Parcel Service, Inc.</name>
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        <name>UnitedHealth Group, Inc.</name>
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        <name>Universal Health Services, Inc.</name>
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        <name>Unum Group</name>
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        <name>Valero Energy Corp.</name>
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        <name>Valmont Industries, Inc.</name>
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        <name>Veralto Corp.</name>
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        <title>Veralto Corp.</title>
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        <name>VeriSign, Inc.</name>
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        <name>Verizon Communications, Inc.</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
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        <name>VICI Properties, Inc.</name>
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        <name>Virtu Financial, Inc.</name>
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        <name>Vistra Corp.</name>
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        <title>Vistra Corp.</title>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>Anglogold Ashanti plc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Johnson Controls International plc</name>
        <lei>549300XQ6S1GYKGBL205</lei>
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        <invCountry>IE</invCountry>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NU Holdings Ltd.</name>
        <lei>5493002DG1RHWK9W2X27</lei>
        <title>NU Holdings Ltd., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG6683N1034"/>
          <other otherDesc="Inhouse Asset ID" value="1179504"/>
        </identifiers>
        <balance>71634.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1026515.22000000</valUSD>
        <pctVal>0.085380423835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TechnipFMC plc</name>
        <lei>549300D5I93QWCJTCK36</lei>
        <title>TechnipFMC plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00BDSFG982"/>
          <other otherDesc="Inhouse Asset ID" value="657807"/>
        </identifiers>
        <balance>15656.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1121908.96000000</valUSD>
        <pctVal>0.093314800056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trane Technologies plc</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>Trane Technologies plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BK9ZQ967"/>
          <other otherDesc="Inhouse Asset ID" value="226223"/>
        </identifiers>
        <balance>2611.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1187874.45000000</valUSD>
        <pctVal>0.098801480998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>XP, Inc.</name>
        <lei>5493008KDA8NBZRJST80</lei>
        <title>XP, Inc., Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="KYG982391099"/>
          <other otherDesc="Inhouse Asset ID" value="1026610"/>
        </identifiers>
        <balance>62607.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1068075.42000000</valUSD>
        <pctVal>0.088837194296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spotify Technology SA</name>
        <lei>549300B4X0JHWV0DTD60</lei>
        <title>Spotify Technology SA</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="LU1778762911"/>
          <other otherDesc="Inhouse Asset ID" value="867904"/>
        </identifiers>
        <balance>7924.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3961524.56000000</valUSD>
        <pctVal>0.329499884050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LyondellBasell Industries NV</name>
        <lei>BN6WCCZ8OVP3ITUUVN49</lei>
        <title>LyondellBasell Industries NV, Class A</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NL0009434992"/>
          <other otherDesc="Inhouse Asset ID" value="482394"/>
        </identifiers>
        <balance>19623.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1218195.84000000</valUSD>
        <pctVal>0.101323463215</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-08-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Franklin Fund Allocator Series</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
