The $5.5 billion Franklin Templeton Founding Funds Allocation last week got a Negative rating from research shop Morningstar.

So what went wrong for the fund? Well, according to analyst Rob Wherry, the fund’s allocation to three of the parent firm's flagship offerings: Bronze-rated Franklin Income (FKINX), Neutral-rated Templeton Growth (TEPLX), and Bronze-rated Mutual Shares (TESIX), just isn’t working out.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.