Fund Description

The fund's investment goal is to seek the highest level of long-term total return consistent with its asset allocation. Total return consists of both capital appreciation and income with the portfolio gradually placing an increasing emphasis on income as the year 2045 approaches.

Along with an expectation to retire in or near the year 2045, the fund is designed for investors that want:

  • the simplicity of an asset allocation fund paired with a risk management approach.
  • active and flexible portfolio management.
  • a specialized multi-asset strategy team managing complex investment decisions.

Strategy Statement

"Designed for investors who anticipate retiring on or around 2045, the fund provides asset allocation which adjusts to become progressively more conservative as the target date approaches. "

Management

T. Anthony Coffey, CFA

T. Anthony Coffey, CFA®

  • Joined Franklin Templeton in 1989
  • Managed Fund Since 2006
Thomas Nelson, CFA

Thomas Nelson, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2007

Rating

Overall Morningstar Rating As of 04/30/2018

Rating Category: Target-Date 2045

Morningstar
The fund's overall Morningstar Rating measures risk-adjusted returns and is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) rating metrics.

Historical Morningstar Rating As of 04/30/2018

Years Ratings Funds
in category
3
1 Stars
170
5
2 Stars
131
10
Stars

Morningstar Style Box

We do not publish a style box for this fund.

Selling The Fund

  1. Point out how the fund’s structure offers a convenient way to get an asset-allocated portfolio from one investment vehicle.
  2. Emphasize the fund’s broad diversification across asset classes as well as investment styles, sectors and regions.
  3. Highlight the shifting allocation of the fund to a more conservative investment mix (shift towards fixed income investments) as the stated retirement target date of the fund approaches. It’s important to note that the principal value of the fund will fluctuate and is not guaranteed at any time, including at the stated retirement target date for the fund.

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