Effective on or about 5/1/16, Franklin LifeSmart™ 2015 Retirement Target Fund is scheduled to be repositioned, subject to shareholder approval. Among other things, the repositioning would involve changing the fund's name to Franklin LifeSmart Retirement Income Fund and modifying the fund's investment goal and strategies.
Shareholders were mailed a proxy statement on about 1/20/16, requesting their votes on certain proposals related to the repositioning. We encourage shareholders to read these documents and vote on the proposals. If you have any questions, please contact your financial advisor or call Investor Services at (800) 632-2301.
|Investment Category||Target Date|
|CUSIP||354 72P 653|
|Inception Date||Aug 01, 2006|
|Total Net Assets (all share classes) As of 01/31/2016||$74.5 (M)|
|Distribution Rate at NAV||N/A|
|30-Day Standardized yield||—|
|Gross Expense Ratio||
|Net Expense Ratio||
|Max Initial Sales Charge||
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 portfolio gradually placing an increasing emphasis on income as the year 2015 approaches.
Along with an expectation to retire in or near the year 2015, the fund is designed for investors that want:
|Historical Style||Historical Style Current Style||Large||Size|
The fund seeks the highest level of long-term total return consistent with its asset allocation. The portfolio manager:
Asset Allocation Approach (Glide Path)
Balances investment total return goals with a risk-focused approach
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:
|U.S. Growth||U.S. Value|
On January 1, 2014, the funds’ glide path was modified, including increasing its tactical allocation ranges and adding a strategic allocation to alternative funds.
The fund may allocate between 0-10% to alternative funds. It is anticipated that pro-rata adjustments will be made to the LifeSmart fund’s equity and fixed income investment allocations to facilitate investments to alternative funds in amounts greater than or less than the target allocation of 5%.
The chart is for illustrative purposes only; actual allocations and results may differ, depending on numerous factors.
Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.
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