Shareholders have approved changes to Franklin LifeSmart 2015 Retirement Target Fund. Effective on or about 5/1/16, among other things, the fund will change its name to Franklin LifeSmart Retirement Income Fund and change its investment goal and strategies.The fund will also amend its current investment management agreement and be able to rely on a manager of managers order from the SEC. If you have any questions, 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 03/31/2016||$73.3 (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 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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