Effective 1/29/21, this fund modified the landing point of its glide path (the strategic asset allocation of a target date fund over time) to be in line with the required minimum distribution age of 72. Additionally, the fund changed its primary equity benchmark from MSCI All Country World Index (MSCI ACWI) gross of taxes on dividends to MSCI ACWI net of taxes on dividends.
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 professional 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 professional 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 seven 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).
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:
Speak with your financial professional about whether this fund is appropriate for you.
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Performance data 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 loss when you sell your shares.