Fund Description

The fund seeks to make monthly distributions, while preserving the investors' capital over the long term. The fund has a strategic allocation of assets primarily among equity and fixed-income underlying fund investments (largely Franklin Templeton funds) and an income generation strategy, which will include derivatives. The fund also employs a managed distribution policy that is designed to provide regular level monthly payments (in retirement plans that permit such cash distributions or if the fund is held outside of a qualified plan).

Strategy Statement

"Designed for investors in retirement that want a conservative multi-asset strategy."

Management

Thomas Nelson, CFA

Thomas Nelson, CFA®

  • Joined Franklin Templeton in 2007
  • Managed Fund Since 2007
May Tong, CFA

May Tong, CFA®

  • Joined Franklin Templeton in 2018
  • Managed Fund Since 2019

Rating

Overall Morningstar Rating As of 11/30/2019

Rating Category: Target-Date Retirement

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 11/30/2019

Years Ratings Funds
in category
3
1 Stars
151
5
1 Stars
121
10
Stars

Morningstar Style Box As of10/31/2019

Strategy, Benefits, Results

Benefits

Balances investment total return goals with a risk-focused approach

  • Actively managed retirement target fund
  • Broad spectrum of time-tested investment strategies
  • Specialized multi-asset strategy team

Diversified selection of investments

There are well over 100 investment vehicles, which fall within the various asset classes, that are available to the LifeSmart portfolio manager. Asset classes such as:

International
U.S. Growth U.S. Value
Fixed Income
Sector Alternatives

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.