Effective 5/1/19, this fund will make changes to its glide path and asset allocation. Additionally, the fund revised its fee waiver and expense reimbursement arrangements to include acquired fund fees and expenses, which is likely to result in lower fund net expense ratios. The fund’s managers believe these changes will help make the fund more competitive. Please see the prospectus supplement for more information. If you have questions, please contact your financial advisor or Shareholder Services.
Effective 9/10/18, certain sales charges and commissions paid to dealers on Class A and A1 shares of our mutual funds changed. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial advisor or call Franklin Templeton.
Effective 9/10/18, certain sales charges and commissions paid to dealers on Class A and A1 shares of our mutual funds changed. Please see the prospectus supplement for more information. If you have additional questions, please contact your financial advisor or call Franklin Templeton.
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 fund placing an increasing emphasis on fixed income as the target date 2055 approaches, and reaching its final and most conservative asset allocation approximately five years after the target year.
Along with an expectation to retire in or near the year 2055 and delay withdrawals until required minimum distribution age, the fund is designed for investors that want:
Through a dynamic asset allocation approach, the fund provides investors with a target retirement date solution that seeks to:
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.
Emphasize the fund’s broad diversification across asset classes as well as investment styles, sectors and regions.
Point out how the fund’s structure offers a convenient way to get an asset-allocated portfolio from one investment vehicle.