![[Brett S Goldsteins avatar]](https://franklintempletonprod.widen.net/content/knp0us84mw/webp/Goldstein_Brett_500x500.png){kind=avatar}
Managed Fund Since 2025
Multi-Asset
FLASX Franklin LifeSmart 2060 Retirement Target Fund
- 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.
Popular Documents
Total Net Assets
$12.65M
As of 12/31/2025 (Updated Monthly)
Overview
Fund Facts
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 fund placing an increasing emphasis on fixed income as the target date 2060 approaches, and reaching its final and most conservative asset allocation approximately eight years after the target year. The fund invests primarily in a combination of other Franklin Templeton mutual funds and Franklin Templeton and third party exchange-traded funds (ETFs).
- Benchmark
- Blended Benchmark
- Additional Benchmark
- MSCI All Country World Index-NR
- Additional Benchmark
- Bloomberg Multiverse Index
- Fund Inception Date
- 01/29/2021
- Dividend Frequency, if any
- Semiannually
- Portfolio Turnover
- 27%
Identifiers
- Ticker
- FLASX
- Fund Number
- 1899
- CUSIP Code
- 35473A572
Average Annual Total Returns As of 11/30/2025
Class A
- 10.20%1 Year
- 14.30%3 Years
- —5 Years
- —10 Years
- 9.05%Since Inception
01/29/2021
Performance data quoted represents past performance, which does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the figures shown.
Top Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
Domestic Equity64.20% | |
Foreign Equity Funds32.23% | |
Fixed Income Funds1.64% | |
Alternatives0.91% | |
Cash & Cash Equivalents1.02% |
Additional Fund Info
- Share Class Inception Date
- 01/29/2021
- Investment Style
- Target Date
- Lipper Classification
- N/A
- Morningstar Category
8 - Target-Date 2060
Manager and Commentary
About the Team
Franklin Templeton Investment Solutions
Franklin Templeton Investment Solutions (FTIS) is a leader in multi-asset, quantitative, and hedged solutions, leveraging a global network of investment teams to offer innovative and diversified strategies. With a focus on long-term investing, we combine deep research, active management, and data-driven insights to create solutions which seek to meet the evolving needs of investors worldwide.
Commentary Highlights
September 30, 2025Access the latest commentary, performance review and market outlook in one place.
Franklin Templeton Investment Solutions
![[Thomas Nelsons avatar]](https://franklintempletonprod.widen.net/content/wb0irvxlsv/webp/Nelson_Thomas_500x500.png){kind=avatar}
Managed Fund Since 2021
![[Berkeley Belknaps avatar]](https://franklintempletonprod.widen.net/content/2rsgvwnpqu/webp/Belknap_Berkeley_500x500.png){kind=avatar}
Managed Fund Since 2021
![[Jonathan M Schreibers avatar]](https://franklintempletonprod.widen.net/content/hktvjyuple/webp/Schreiber_Jonathan_500x500.png){kind=avatar}
Managed Fund Since 2025
Latest Insights
January 9, 2026
October 13, 2025
July 17, 2025
Performance
Average Annual Total Returns
As of 11/30/2025
Selected Month November 2025
Class A - With Sales Charge (POP) (%)
Month End
As of 11/30/2025
Class A - Without Sales Charge (NAV) (%)
Month End
As of 11/30/2025
Blended Benchmark (%)
Month End
As of 11/30/2025
MSCI All Country World Index-NR (%)
Month End
As of 11/30/2025
Bloomberg Multiverse Index (%)
Month End
As of 11/30/2025
Performance data quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the figures shown. Principal value and investment returns will fluctuate, and investors' shares, when redeemed, may be worth more or less than the original cost. Performance would have been lower if fees had not been waived in various periods. Total returns assume the reinvestment of all distributions and the deduction of all Fund expenses. Returns with sales charge reflect a deduction of the stated maximum sales charge. Returns without sales charge would have been lower had sales charges been reflected. An investor cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges. Returns for periods of less than one year are not annualized.
Ratings 3
©2025 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Portfolio
Assets
As of12/31/2025 (Updated Monthly)
- Total Net Assets
- $12.65 Million
Positions
As of 12/31/2025 (Updated Monthly)
Number of Issuers
- Fund
- 15
- Benchmark
- 2,517
Asset Allocation
As of 12/31/2025 % of Total (Updated Monthly)
| Holdings | Fund |
|---|---|
Domestic Equity | 64.20% |
Foreign Equity Funds | 32.23% |
Fixed Income Funds | 1.64% |
Alternatives | 0.91% |
Cash & Cash Equivalents | 1.02% |
Holdings
As of 11/30/2025 (Updated Monthly)
FFAS-Franklin U.S. Core Equity (IU) Fund OEMF USD 1 CL A Income
FFAS-Franklin International Core Equity (IU) Fund OEMF USD 1 CL USD INC Income
Franklin U.S. Equity Index ETF ETF USD NPV TIS A/C# 21414
FCF-FRANKLIN GROWTH FUND OEMF USD NPV CL R6 TIS A/C# 4306
Putnam Large Cap Value Fund OEMF USD 1 CL R6 Income
Franklin U.S. Large Cap Multifactor Index ETF ETF USD NPV TIS A/C #25773
FFAS-FRANKLIN EMERGING MARKET CORE EQUITY (IU) FUND OEMF USD 1 CL USD INC Income
Templeton Developing Markets Trust OEMF USD NPV CL R6 TIS A/C# 505
Putnam Large Cap Growth Fund OEMF USD 1 CL R6 Income
TF-TEMPLETON FOREIGN FUND OEMF USD NPV CL R6 TIS A/C# 37
Portfolio holdings are based on the total portfolio and are subject to change at any time. Holdings are provided for informational purposes only and should not be construed as a recommendation to purchase or sell any security.
Distributions & Tax
Federal ID Number 85-3502278
For information on tax years prior to 2008, please contact us2025 tax information will be available in early February
These amounts represent distributions paid by the fund, foreign taxes passed through (if any), and other distribution characteristics for the calendar year selected. These amounts are reported to shareholders on Form 1099-DIV.
Distributions per Share ($)
Data not currently available.
Pricing
Pricing History
As of 01/09/2026 (Updated Daily)
Daily Fund Prices and Breakpoints
As of 01/09/2026
Share Prices
As of 01/09/2026
POP and Sales Charge at Breakpoints
Less than $25,000
$25,000 - $49,999
$50,000 - $99,999
$100,000 - $249,999
$250,000 - $499,999
$500,000 - $749,999
$750,000 - $999,999
52-Week Range
- Highest NAV
As of 12/26/2025 - $14.11
- Lowest NAV
As of 04/08/2025 - $10.57
Documents
Fund Literature
| Name | Download | Add to Cart | |
|---|---|---|---|
| Factsheet - Franklin LifeSmart 2060 Retirement Target Fund | |||
| Product Commentary - Franklin LifeSmart Retirement Funds |
Regulatory Documents
| Name | Download | Add to Cart | |
|---|---|---|---|
| Annual Report - Franklin LifeSmart 2060 Retirement Target Fund - Class A | |||
| Annual Financial Statements and Other Information - Franklin Fund Allocator Series - Retirement funds | |||
| Semi-Annual Report - Franklin LifeSmart 2060 Retirement Target Fund - Class A | |||
| Semi-Annual Financial Statements and Other Information - Franklin Fund Allocator Series | |||
| Prospectus - Franklin LifeSmart Retirement Target Funds | |||
| Summary Prospectus - Franklin LifeSmart Retirement 2060 Retirement Target Fund | |||
| Statement of Additional Information - Franklin LifeSmart Retirement Target Funds | |||
| Fiscal Q1 Holdings - Franklin Fund Allocator Series | |||
| Fiscal Q3 Holdings - Franklin Fund Allocator Series |
Risks
All investments involve risks, including possible loss of principal. Principal invested is not guaranteed at any time, including at or after the fund’s retirement target date; nor is there any guarantee that the fund will provide sufficient income at or through the investor’s retirement. The investment risk of the retirement target fund changes over time as its asset allocation changes. Investments in underlying funds are subject to the same risks as, and indirectly bear the fees and expenses of, the underlying funds. Equity securities are subject to price fluctuation and possible loss of principal. Fixed income securities involve interest rate, credit, inflation and reinvestment risks, and possible loss of principal. As interest rates rise, the value of fixed income securities falls. International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility. These risks are magnified in emerging markets. These and other risks are discussed in the fund’s prospectus.
Important Information
Total Returns include change in share price, assume reinvestment of all distributions, and reflect the deduction of fund expenses and applicable fees. Total returns, distribution rate, and yields reflect any applicable expense reductions and fee waivers; without these reductions, the results would have been lower.
Most funds offer multiple share classes. Share classes are subject to different fees and expenses, which will affect their performance.
Certain share classes are only offered to eligible investors as stated in the prospectus. Different minimums may apply to clients of certain service agents. All classes of shares are not available through all distribution channels. See the Fund's prospectus for additional information.
Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliated companies. Investment Products: NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE.
Reports and other information about the funds are available on the EDGAR Database on the SEC's Internet site at www.sec.gov.
You need Adobe Acrobat Reader to view and print PDF documents. Download a free version from Adobe's website.
Important data provider notices and terms available at www.franklintempletondatasources.com.
Performance data quoted represents past performance, which does not guarantee future results.
CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.
Indexes are unmanaged and one cannot invest directly in an index. They do not reflect any fees, expenses or sales charges.
Investors should carefully consider a fund's investment goals, risks, sales charges and expenses before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing or sending money.
The Blended Benchmark is currently allocated to the MSCI All Country World Index-NR and Bloomberg Multiverse Index. Blended Benchmark index allocations are based on an asset class allocation that matches the fund's glide path over time.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices.
The Blended Benchmark is an allocation of 95% MSCI All Country World Index-NR and 5% Bloomberg Multiverse Index.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI. Bloomberg Indices.
The MSCI All Country World Index is a market capitalization-weighted index that is designed to measure equity market performance of developed and emerging markets.
Source: MSCI makes no warranties and shall have no liability with respect to any MSCI data reproduced herein. No further redistribution or use is permitted. This report is not prepared or endorsed by MSCI.
Net Returns (NR) include income net of tax withholding when dividends are paid.
The Bloomberg Multiverse Index provides a broad-based measure of the global fixed income bond market.
Source: Bloomberg Indices.