The Franklin Global Allocation Fund Class C (FFACX) is a mutual fund that aims to provide investors with a diversified portfolio of global assets. This fund invests in a mix of stocks, bonds, and other securities from various countries and industries, with the goal of achieving long-term growth and income. The Class C shares of this fund have a lower expense ratio compared to other share classes, making it a more cost-effective option for investors. With a focus on global allocation, this fund offers investors the opportunity to benefit from the potential growth of international markets while also providing some level of risk management through diversification.