FCENX
Franklin International Core Equity (IU) Fund
Franklin Fund Allocator Series
Expense ratio1
0.00%
Net assets2
$422.22M
Holdings2
207
Category
International Equity
2025 return3
32.33%

Investment objective & strategy

As of Nov. 26, 2025 · prospectus

Objective. The Funds investment goal is capital appreciation.

Strategy. Under normal market conditions, the Fund invests at least 80% of its net assets in equity securities. The Fund intends to invest predominantly in non-U.S. issuers. The Fund may invest in equity securities of any capitalization and primarily invests in common stock, but may also invest in depositary receipts. The Fund's investable universe typically includes equity securities of companies in the MSCI EAFE index. The Fund invests in both growth and value stocks, or in stocks with characteristics of both ("core" style of investing). The investment manager employs a multi-factor selection process that includes using a proprietary model to assign a quantitative factor score for each issuer in the Funds investible universe based on that issuers exposure to quality, value, … Under normal market conditions, the Fund invests at least 80% of its net assets in equity securities. The Fund intends to invest predominantly in non-U.S. issuers. The Fund may invest in equity securities of any capitalization and primarily invests in common stock, but may also invest in depositary receipts. The Fund's investable universe typically includes equity securities of companies in the MSCI EAFE index. The Fund invests in both growth and value stocks, or in stocks with characteristics of both ("core" style of investing). The investment manager employs a multi-factor selection process that includes using a proprietary model to assign a quantitative factor score for each issuer in the Funds investible universe based on that issuers exposure to quality, value, momentum, alternative factors and conviction factors. Each security is then further analyzed based on the assigned factor scores, but taking into account certain sector weight limits and security weight limit constraints determined by, among others, the portfolio management team.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
HSBC HOLDINGS PL $9.68M 2.29%
Novartis AG (Registered) NVSEF $9.21M 2.18%
ASML Holding NV $9.08M 2.15%
MITSUBISHI UFJ F $7.83M 1.85%
ROCHE HOLDINGS AG (GENUSSCHEINE) $7.69M 1.82%
ABB Ltd. (Registered) ABLZF $6.38M 1.51%
AIA Group Ltd $6.32M 1.50%
UNICREDIT SPA $6.11M 1.45%
BNP PARIBAS $6.07M 1.44%
GSK PLC $6.02M 1.42%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
58
Exited
25
Increased
22
Decreased
124
Unchanged
7

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight

Advisers

As of July 31, 2025 · N-CEN
FirmRole
Franklin Advisers, Inc. Adviser

Footnotes

  1. Expense ratio as of November 26, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.