The Franklin Global Allocation Fund Class R (FFARX) 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 R" designation indicates that this fund is designed for retirement accounts, with lower fees and expenses compared to other share classes. Overall, FFARX offers investors a well-rounded and actively managed approach to global investing.