# EDGAR Filing Document

**Accession Number:** 0001022804
**File Stem:** 0001655589-26-000494
**Filing Date:** 2026-4
**Character Count:** 6901
**Document Hash:** e4ef6a387c41be864268cbb7c94ec955
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001655589-26-000494.hdr.sgml**: 20260417

**ACCESSION NUMBER**: 0001655589-26-000494

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260417

**DATE AS OF CHANGE**: 20260417

**EFFECTIVENESS DATE**: 20260417

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN FUND ALLOCATOR SERIES
- **CENTRAL INDEX KEY:** 0001022804

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-13601
- **FILM NUMBER:** 26869792

**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 FUND ALLOCATOR SERIES
- **STREET 2:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FRANKLIN TEMPLETON FUND ALLOCATOR SERIES
- **DATE OF NAME CHANGE:** 19960912

## Series and Classes Contracts Data

### FRANKLIN COREFOLIO ALLOCATION FUND (Series ID: S000007240)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000019844 | CLASS A       | FTCOX           |
| C000019846 | CLASS C       | FTCLX           |
| C000019847 | CLASS R       | FFAYX           |
| C000019848 | ADVISOR CLASS | FCAZX           |
| C000194375 | Class R6      | FTLQX           |

GOF-P22 04/26

#### SUPPLEMENT DATED APRIL 17, 2026

#### TO THE SUMMARY PROSPECTUS , PROSPECTUS AND

#### STATEMENT OF ADDITIONAL INFORMATION ("SAI")

#### OF EACH FUND LISTED IN SCHEDULE A AND SCHEDULE B

#### All changes described below are effective June 1, 2026.
**1. The following replaces the reference to Berkeley Belknap in the section titled "Fund Summary – Portfolio Managers" in the Summary Prospectus and Prospectus of each fund listed in Schedule A:** 

**Brett S. Goldstein, CFA** <br>Portfolio Manager of Advisers and portfolio manager of the Fund since June 2026.

**2. The following replaces the reference to Berkeley Belknap in the section titled "Fund Details – Management" in the Prospectus of each fund listed in Schedule A:**

#### Brett S. Goldstein, CFA Portfolio Manager of Advisers
Mr. Goldstein has been a portfolio manager of the Fund since June 2026. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Goldstein was a portfolio manager for Putnam Investment Management, LLC ("Putnam Management"). He joined Putnam Management in 2010.

**3. The following replaces the disclosure in the section titled "Fund Summary – Investment Manager" in the Summary Prospectus and Prospectus of the fund listed in Schedule B:** 

The Fund does not have an investment manager, nor does it pay investment management fees. Franklin Templeton Services, LLC (FT Services), the Fund's administrator, monitors the percentage of the Fund's assets allocated to the underlying funds and periodically rebalances the Fund's portfolio. Brett S. Goldstein, CFA, Laura Green, CFA, and Thomas A. Nelson, CFA, Portfolio Managers of Franklin Advisers, Inc., assist FT Services, at no charge to the Fund, in monitoring the underlying funds and the Fund's investment in the underlying funds and assists in the periodic rebalancing.

**4. The following replaces the reference to Berkeley Belknap in the section titled "Fund Details – Administration – Administrative Agreement" in the Prospectus of the fund listed in Schedule B:**

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**Brett S. Goldstein, CFA Portfolio Manager of Advisers**<br>Mr. Goldstein has overseen the rebalancing process on behalf of FT Services since June 2026. He joined Franklin Templeton in 2024. Prior to joining Franklin Templeton, Mr. Goldstein was a portfolio manager for Putnam Investment Management, LLC ("Putnam Management"). He joined Putnam Management in 2010.

**5. The following replaces the first paragraph of the section titled "Asset Allocation and Other Services – Portfolio managers" in the SAI of the fund listed in Schedule B:**

The Fund does not have a portfolio manager. However, Brett S. Goldstein, Laura Green and Tom A. Nelson of Advisers assist FT Services in monitoring the Fund's investments in the underlying funds and in their periodic rebalancing, at no charge to the Fund. This section reflects information about Ms. Green and Mr. Nelson as of December 31, 2025 and information about Mr. Goldstein as of February 28, 2026. References in this section to "investment manager" refers to Advisers, the investment manager that compensates Messrs. Goldstein and Nelson and Ms. Green.

**6. The following replaces references to Berkeley Belknap in the table in the section titled "Management, Asset Allocation and Other Services – Portfolio managers" in the SAI of each fund listed in Schedule A and in the section titled "Asset Allocation and Other Services – Portfolio managers" in the SAI of the fund listed in Schedule B:**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Type of<br>Account** | **Number of**<br>**Accounts**<br>**Managed** | **Total Assets**<br>**Managed**<br>**(x $1 million)** | **Number of Accounts** <br>**Managed for which** <br>**Advisory Fee is** <br>**Performance-Based** | **Assets Managed** <br>**for which** <br>**Advisory Fee is** <br>**Performance-Based** <br>**(x $1 million)** |
| Brett S. <br>Goldstein\* | Registered<br>Investment<br>Companies | 38 | 16062.5 |  |  |
|  | Other Pooled<br>Investment<br>Vehicles | 28 | 15821.5 |  |  |
|  | Other<br>Accounts | 11 | 64.8 |  |  |

---

\*Information is provided as of February 28, 2026.

**7. The following replaces references to Berkeley Belknap in the table in the section titled "Management, Asset Allocation and** 

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**Other Services – Portfolio managers – Ownership of Fund shares" in the SAI of each fund listed in Schedule A and in the section titled "Asset Allocation and Other Services – Portfolio managers – Ownership of Fund shares" in the SAI of the fund listed in Schedule B:**

---

| | |
|:---|:---|
| **Portfolio Manager** | **Dollar Range of Fund Shares Beneficially Owned** |
| Brett S. Goldstein\* | None |
| \*Information is provided as of March 31, 2026. |  |

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#### SCHEDULE A

---

| | |
|:---|:---|
| **Fund**<br>| **Date of Summary Prospectus, Prospectus, and SAI**<br>|
| **<u>FRANKLIN FUND ALLOCATOR SERIES</u>** |  |
| Franklin Conservative Allocation Fund | May 1, 2025 |
| Franklin Growth Allocation Fund | May 1, 2025 |
| Franklin Moderate Allocation Fund | May 1, 2025 |

---

#### SCHEDULE B

---

| | |
|:---|:---|
| **Fund**<br>| **Date of Summary Prospectus, Prospectus and SAI**<br>|
| **<u>FRANKLIN FUND ALLOCATOR SERIES</u>** |  |
| Franklin Corefolio Allocation Fund | May 1, 2025 |

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#### Please retain this supplement for future reference.

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