Franklin LifeSmart 2040 Retirement Target Fund

Average Annual Total Returns [further-information] As of 06/30/2021

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 06/30/2021 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/2013
Fund without Sales Charge (%) (NAV) 30.69 11.85 11.20 8.59
Fund with Sales Charge (%) (POP) 29.69 11.85 11.20 8.59
Blended Benchmark (%) 33.70 13.09 12.32 10.19
MSCI All Country World Index-NR (%) 39.26 14.56 14.62 9.90 11.22
Bloomberg Barclays Multiverse Index (%) 3.19 4.34 2.57 2.23 2.65
Quarter EndAs of 06/30/2021 1 Yr 3 Yr 5 Yr 10 Yr Since InceptionInception 07/01/2013
Fund without Sales Charge (%) (NAV) 30.69 11.85 11.20 8.59
Fund with Sales Charge (%) (POP) 29.69 11.85 11.20 8.59
Blended Benchmark (%) 33.70 13.09 12.32 10.19
MSCI All Country World Index-NR (%) 39.26 14.56 14.62 9.90 11.22
Bloomberg Barclays Multiverse Index (%) 3.19 4.34 2.57 2.23 2.65

After-Tax Average Annual Total Returns [further-information] As of 06/30/2021

Month EndAs of 06/30/2021 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 29.71 11.02 10.52
Fund without Sales Charge (%) (NAV) After Shares Sold 18.50 9.05 8.74
Fund with Sales Charge (%) (POP) Before Shares Sold 28.71 11.02 10.52
Fund with Sales Charge (%) (POP) After Shares Sold 17.91 9.05 8.74
Quarter EndAs of 06/30/2021 1 YR 3 YR 5 YR 10 YR
Fund without Sales Charge (%) (NAV) Before Shares Sold 29.71 11.02 10.52
Fund without Sales Charge (%) (NAV) After Shares Sold 18.50 9.05 8.74
Fund with Sales Charge (%) (POP) Before Shares Sold 28.71 11.02 10.52
Fund with Sales Charge (%) (POP) After Shares Sold 17.91 9.05 8.74

Calendar Year Returns

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
2020 2019 2018 2017 2016 2015 2014
Fund without Sales Charge (%) (NAV) 14.15 20.56 -7.71 17.63 2.17 -2.66 5.03
Fund with Sales Charge (%) (POP) 13.15 19.56 -8.60 16.63 1.17 -3.61 4.03
Blended Benchmark (%) 15.27 22.28 -7.25 19.59 6.67 -2.26 7.15
MSCI All Country World Index-NR (%) 16.25 26.60 -9.42 23.97 7.86 -2.36 4.16
Bloomberg Barclays Multiverse Index (%) 9.02 7.13 -1.36 7.69 2.84 -3.29 0.47

Cumulative Total Returns [further-information] As of 06/30/2021

Performance data quoted represents past performance, which does not guarantee future results. Current performance may differ from figures shown. Investment return and principal value will fluctuate with market conditions, and you may have a gain or a loss when you sell your shares.
Month EndAs of 06/30/2021 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/2013
Fund without Sales Charge (%) (NAV) 6.02 10.14 30.69 39.93 70.03 93.32
Fund with Sales Charge (%) (POP) 5.02 9.14 29.69 39.93 70.03 93.32
Blended Benchmark (%) 6.52 10.03 33.70 44.63 78.79 117.28
MSCI All Country World Index-NR (%) 7.39 12.30 39.26 50.37 97.78 157.00 134.15
Bloomberg Barclays Multiverse Index (%) 1.45 -2.95 3.19 13.59 13.54 24.69 23.26
Quarter EndAs of 06/30/2021 3 Month YTD 1 Yr 3 Yr 5 Yr 10 Yr Since Inception since 07/01/2013
Fund without Sales Charge (%) (NAV) 6.02 10.14 30.69 39.93 70.03 93.32
Fund with Sales Charge (%) (POP) 5.02 9.14 29.69 39.93 70.03 93.32
Blended Benchmark (%) 6.52 10.03 33.70 44.63 78.79 117.28
MSCI All Country World Index-NR (%) 7.39 12.30 39.26 50.37 97.78 157.00 134.15
Bloomberg Barclays Multiverse Index (%) 1.45 -2.95 3.19 13.59 13.54 24.69 23.26

MODERN PORTFOLIO THEORY (MPT) STATISTICSAs of 06/30/2021 (updated monthly)

3 YR 5 YR 10 YR
Standard Deviation (Fund) 14.77 11.86
Standard Deviation (Blended Benchmark) 15.35 12.43
Alpha -0.64 -0.46
Beta 0.95 0.95
Sharpe Ratio 0.72 0.85
Information Ratio -0.62 -0.64
Tracking Error 2.00 1.74
R-Squared 0.98 0.98

ADDITIONAL RISK STATISTICSAs of 06/30/2021 (updated monthly)

3 YR 5 YR 10 YR
Correlation Coefficient 0.99 0.99
Beta Bull 0.91 0.92
Beta Bear 0.97 0.99
Bull Bear Capture Ratio 0.95 0.96
% of Positive Months 72.22 76.67
Gains/Losses 1.87 2.16
Maximum Drawdown
17.77 17.77

SALES CHARGE, EXPENSES & FEES As of 05/01/2021 (updated annually)

Gross Expense Ratio 2.13%
Net Expense Ratio [further-information] 1.45%
Max Initial Sales Charge 0.00%
CDSC 1.00%

Volatility Measures [further-information] As of 06/30/2021 Updated Monthly, based on a 3-year period

Beta 0.95
Alpha -0.64
Sharpe Ratio 0.72
R-Squared 0.98
Standard Deviation 14.77

Benchmarks

A benchmark is a comparable broad-based index that can be used to evaluate a fund's performance.

  • Blended Benchmark
  • MSCI All Country World Index-NR
  • Bloomberg Barclays Multiverse Index
The fund's blended benchmark is an allocation of 86% MSCI AC World Index-NR and 14% Bloomberg Barclays Multiverse Index. Allocations for the fund's Blended Benchmark reflect or map the fund's current target asset class allocations and may not be representative of the fund's historical asset class allocations. Performance for the Blended Benchmark is based on an asset class allocation that matches the glide path of the Franklin LifeSmart Funds over time. Prior to May 1, 2019, the Blended Benchmark had an allocation to FTSE 3-Month U.S. T-Bill Index. Such changes impact performance. Benchmark is based on asset class allocations that matches the glide pat of the Franklin LifeSmart Funds over time. Effective January 29, 2021, the fund changed its primary equity benchmark from MSCI All Country World Index (MSCIACWI) gross of taxes on dividends to MSCI ACWI net of taxes on dividends. Prior to May 1, 2019, the Blended Benchmark has an allocation to the FTSE 3-Month U.S. T-Bill Index. Such changes impact performance.