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FLSJX

Franklin LifeSmart 2050 Retirement Target Fund

Factsheet
View All
As of 12/12/2025

NAV 1

$17.60

$-0.17 (-0.96%)
 

POP 2

$18.62

 
 

YTD Total Return At NAV 3

19.99%

 
As of 11/30/2025

Morningstar Overall Rating™ 4

View ratings details
Target-Date 2050

See the risks and other important information.

Overview

  • Fund Description
  • Strategy & Benefits

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 2050 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).

Along with an expectation to retire in or near the year 2050 and delay withdrawals until required minimum distribution age, the fund is designed for investors that want:

  • 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.
Strategy Statement

"Designed for investors who anticipate retiring on or around 2050, the fund provides asset allocation which adjusts to become progressively more conservative as the target date approaches."

Thomas Nelson, CFA®

Strategy & Benefits

Strategy

Through a dynamic asset allocation approach, the fund provides investors with a target retirement date solution that seeks to:

  • Grow: Emphasizes growth early by increasing equity exposure in the fund’s earlier years
  • Defend: Reduces equity exposure during periods of extended market volatility
  • Reach: Becomes increasingly conservative beyond target retirement date age of 65, reaching for incremental growth until investors are ready to draw income at required minimum distribution age
  • Sustain: Converts to a managed payout fund five years after reaching retirement target date
Benefits
  • Behavior based: Designed with an understanding of investor behavior and expectations throughout the journey to retirement
  • Outcome engineered: Reflects the need for growth but responds to potential damage a prolonged bear market can wreak in the retirement savings home stretch
  • Integrated best thinking: A global, integrated, and disciplined approach to asset allocation, capturing Franklin Templeton’s best thinking across and within asset classes
Fund Information
Asset Class 
Multi-Asset
Share Class Inception Date 
07/01/2013
Fund Inception Date 
07/01/2013
Benchmark 
Blended Benchmark
Additional Benchmark 
MSCI All Country World Index-NR
Additional Benchmark 
Bloomberg Multiverse Index
Investment Style 
Target Date
Lipper Classification 
Mixed-Asset Target 2050 Funds
Morningstar Category4 
Target-Date 2050
Dividend Frequency, if any 
Semiannually
Total Net Assets  As of 11/30/2025 (Updated Monthly)
$65.64 Million
Sales Charges, Expenses & Fees
As of 05/01/2025
Gross Expense Ratio5, 6 
1.27%
Net Expense Ratio5, 6, 7 
0.70%
Maximum Initial Charge 
5.50%
CDSC8 
1.00%
12b-1 Fee 
0.25%
Identifiers
Ticker 
FLSJX
Fund Number 
059
CUSIP Code 
35472P182

Portfolio Managers

Brett S Goldstein, CFA®

Massachusetts, United States

Managed Fund Since 2025

Thomas Nelson, CFA®

Florida, United States

Managed Fund Since 2013

Berkeley Belknap

California, United States

Managed Fund Since 2021

Jonathan M Schreiber, CFA®

Massachusetts, United States

Managed Fund Since 2025

Performance

  • Average Annual Total Returns
  • Calendar Year Returns
  • Cumulative Total Returns
  • Risk Measures

Average Annual Total Returns

Average Annual Total Returns

As of 11/30/2025

Chart

Bar chart with 5 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -1.65 to 18.63.
End of interactive chart.

Month End   As of 11/30/2025
Class A - With Sales Charge (POP) (%)
1 Year  
9.94
3 Years  
14.35
5 Years  
9.53
10 Years  
9.14
Since Inception   07/01/2013
8.88
Month End   As of 11/30/2025
Class A - Without Sales Charge (NAV) (%)
1 Year  
16.36
3 Years  
16.51
5 Years  
10.78
10 Years  
9.76
Since Inception   07/01/2013
9.38
Month End   As of 11/30/2025
Blended Benchmark (%)
1 Year  
17.30
3 Years  
17.70
5 Years  
11.16
10 Years  
10.48
Since Inception   07/01/2013
9.99
Month End   As of 11/30/2025
MSCI All Country World Index-NR (%)
1 Year  
18.21
3 Years  
18.63
5 Years  
11.97
10 Years  
11.40
Since Inception   07/01/2013
10.63
Month End   As of 11/30/2025
Bloomberg Multiverse Index (%)
1 Year  
5.84
3 Years  
4.38
5 Years  
-1.65
10 Years  
1.51
Since Inception   07/01/2013
1.15

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. 

See the risks and other important information.


Calendar Year Returns

Calendar Year Returns

As of 11/30/2025

Chart

Bar chart with 5 data series.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from -22.06 to 26.6.
End of interactive chart.

Month End   As of 11/30/2025
Class A - With Sales Charge (POP) (%)
YTD  
13.37
2024  
9.15
2023  
12.74
2022  
-22.06
2021  
11.09
2020  
9.79
2019  
15.32
2018  
-12.50
2017  
12.11
2016  
-2.64
2015  
-7.42
Performance Inception Date  
07/01/2013
Month End   As of 11/30/2025
Class A - Without Sales Charge (NAV) (%)
YTD  
19.99
2024  
15.53
2023  
19.28
2022  
-17.52
2021  
17.58
2020  
16.22
2019  
22.00
2018  
-7.40
2017  
18.96
2016  
3.32
2015  
-1.76
Performance Inception Date  
07/01/2013
Month End   As of 11/30/2025
Blended Benchmark (%)
YTD  
20.12
2024  
16.27
2023  
21.22
2022  
-18.21
2021  
17.29
2020  
16.01
2019  
23.04
2018  
-7.47
2017  
19.97
2016  
6.77
2015  
-2.25
Performance Inception Date  
—
Month End   As of 11/30/2025
MSCI All Country World Index-NR (%)
YTD  
21.07
2024  
17.49
2023  
22.20
2022  
-18.36
2021  
18.54
2020  
16.25
2019  
26.60
2018  
-9.42
2017  
23.97
2016  
7.86
2015  
-2.36
Performance Inception Date  
—
Month End   As of 11/30/2025
Bloomberg Multiverse Index (%)
YTD  
8.10
2024  
-1.34
2023  
6.05
2022  
-16.01
2021  
-4.51
2020  
9.02
2019  
7.13
2018  
-1.36
2017  
7.69
2016  
2.84
2015  
-3.29
Performance Inception Date  
—

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. 

See the risks and other important information.


Cumulative Total Returns

Cumulative Total Returns

As of 11/30/2025

The hypothetical growth scenario of $10,000 does not reflect the deduction of brokerage commissions or taxes that investors may pay on distributions or the sale of shares. Had they been reflected hypothetical values would be lower.

Chart

Line chart with 3 lines.
The chart has 1 X axis displaying Time. Data ranges from 2013-07-01 00:00:00 to 2025-11-01 00:00:00.
The chart has 1 Y axis displaying values. Data ranges from 9789.03 to 33705.22.
End of interactive chart.

Month End   As of 11/30/2025
Class A - With Sales Charge (POP) (%)
YTD  
13.37
1 Year  
9.94
3 Years  
49.51
5 Years  
57.67
10 Years  
139.79
15 Years  
—
Since Inception   07/01/2013
187.65
Month End   As of 11/30/2025
Class A - Without Sales Charge (NAV) (%)
YTD  
19.99
1 Year  
16.36
3 Years  
58.16
5 Years  
66.84
10 Years  
153.77
15 Years  
—
Since Inception   07/01/2013
204.33
Month End   As of 11/30/2025
Blended Benchmark (%)
YTD  
20.12
1 Year  
17.30
3 Years  
63.06
5 Years  
69.71
10 Years  
171.04
15 Years  
—
Since Inception   07/01/2013
226.26
Month End   As of 11/30/2025
MSCI All Country World Index-NR (%)
YTD  
21.07
1 Year  
18.21
3 Years  
66.99
5 Years  
76.02
10 Years  
194.48
15 Years  
—
Since Inception   07/01/2013
250.72
Month End   As of 11/30/2025
Bloomberg Multiverse Index (%)
YTD  
8.10
1 Year  
5.84
3 Years  
13.73
5 Years  
-8.00
10 Years  
16.21
15 Years  
—
Since Inception   07/01/2013
15.22

Historical Cumulative Total Returns

Date Selected   As of 11/30/2025
Class A - With Sales Charge (POP) (%)
YTD  
13.37
1 Year  
9.94
3 Years  
49.51
5 Years  
57.67
10 Years  
139.79
15 Years  
—
Since Inception   07/01/2013
187.65
Date Selected   As of 11/30/2025
Class A - Without Sales Charge (NAV) (%)
YTD  
19.99
1 Year  
16.36
3 Years  
58.16
5 Years  
66.84
10 Years  
153.77
15 Years  
—
Since Inception   07/01/2013
204.33
Date Selected   As of 11/30/2025
Blended Benchmark (%)
YTD  
20.12
1 Year  
17.30
3 Years  
63.06
5 Years  
69.71
10 Years  
171.04
15 Years  
—
Since Inception   07/01/2013
226.26
Date Selected   As of 11/30/2025
MSCI All Country World Index-NR (%)
YTD  
21.07
1 Year  
18.21
3 Years  
66.99
5 Years  
76.02
10 Years  
194.48
15 Years  
—
Since Inception   07/01/2013
250.72
Date Selected   As of 11/30/2025
Bloomberg Multiverse Index (%)
YTD  
8.10
1 Year  
5.84
3 Years  
13.73
5 Years  
-8.00
10 Years  
16.21
15 Years  
—
Since Inception   07/01/2013
15.22

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. 

See the risks and other important information.

If the sales charge (if applicable) had been included, the return would have been lower. 


Risk Measures

Risk Measures

 As of 11/30/2025
Measured against: Blended Benchmark
Statistics 3 Years 5 Years 10 Years
Alpha (%)-0.82-0.27 -0.46
Beta0.980.99 0.97
Beta Bull0.970.98 0.96
Beta Bear1.080.94 0.96
Bull Bear Capture Ratio0.950.98 0.97
R-Squared0.980.99 0.98
Correlation0.990.99 0.99
Historical Tracking Error1.451.51 1.78
Information Ratio-0.82-0.25 -0.41
Standard Deviation (%) 3 Years 5 Years 10 Years
Class A - Without Sales Charge (NAV)11.0913.44 13.27
Blended Benchmark 11.1913.48 13.50
Sharpe Ratio (%) 3 Years 5 Years 10 Years
Class A - Without Sales Charge (NAV)1.060.57 0.58

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. 

See the risks and other important information.


Portfolio

Assets

As of 11/30/2025 Updated Monthly
Total Net Assets 
$65.64 Million

Positions

As of 11/30/2025 Updated Monthly
 FundBenchmark
Number of Issuers 142,517

Portfolio Allocations

Asset Allocation

As of 11/30/2025 % of Total Updated Monthly

Chart

Bar chart with 5 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 0.9661 to 62.9614.
End of interactive chart.
Fund
Domestic Equity 62.96%
Foreign Equity Funds 30.85%
Fixed Income Funds 4.22%
Alternatives 1.00%
Cash & Cash Equivalents 0.97%

Portfolio Holdings

  • Holdings
  • Top Ten Holdings

Holdings

Holdings

As of 10/31/2025 Updated Monthly
Security Name 
FFAS-Franklin U.S. Core Equity (IU) Fund OEMF USD 1 CL A USD INC Income
Weight (%) 
23.57
Market Value ($) 
15,465,494
Quantity 
774,824
Security Name 
FFAS-Franklin International Core Equity (IU) Fund OEMF USD 1 CL USD INC Income
Weight (%) 
13.09
Market Value ($) 
8,592,648
Quantity 
590,966
Security Name 
FCF-FRANKLIN GROWTH FUND OEMF USD NPV CL R6 TIS A/C# 4306
Weight (%) 
11.20
Market Value ($) 
7,349,570
Quantity 
46,499
Security Name 
Franklin U.S. Equity Index ETF ETF USD NPV TIS A/C# 21414
Weight (%) 
10.53
Market Value ($) 
6,911,526
Quantity 
115,180
Security Name 
Putnam Large Cap Value Fund OEMF USD 1 CL R6 Income
Weight (%) 
7.94
Market Value ($) 
5,210,630
Quantity 
133,026
Security Name 
Franklin U.S. Large Cap Multifactor Index ETF ETF USD NPV TIS A/C #25773
Weight (%) 
7.36
Market Value ($) 
4,827,954
Quantity 
69,537
Security Name 
FFAS-FRANKLIN EMERGING MARKET CORE EQUITY (IU) FUND OEMF USD 1 CL USD INC Income
Weight (%) 
6.65
Market Value ($) 
4,361,846
Quantity 
329,943
Security Name 
Templeton Developing Markets Trust OEMF USD NPV CL R6 TIS A/C# 505
Weight (%) 
4.60
Market Value ($) 
3,020,107
Quantity 
113,113
Security Name 
Franklin U.S. Core Bond ETF ETF USD NPV TIS A/C# 28565
Weight (%) 
3.66
Market Value ($) 
2,403,101
Quantity 
110,234
Security Name 
TF-TEMPLETON FOREIGN FUND OEMF USD NPV CL R6 TIS A/C# 37
Weight (%) 
2.96
Market Value ($) 
1,940,661
Quantity 
209,575

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. 

Top Ten Holdings

Top Securities

As of 11/30/2025 Updated Monthly

Chart

Bar chart with 10 bars.
The chart has 1 X axis displaying categories.
The chart has 1 Y axis displaying values. Data ranges from 3.5798 to 23.6687.
End of interactive chart.
Fund
Franklin U.S. Core Equity (IU) Fund 23.67%
Franklin International Core Equity (IU) Fund 13.10%
Franklin U.S. Equity Index ETF 10.43%
Franklin Growth Fund, Class R6 9.93%
Putnam Large Cap Value Fund 8.08%
Franklin U.S. Large Cap Multifactor Index ETF 7.32%
Franklin Emerging Market Core Equity (IU) Fund 6.56%
Templeton Developing Markets Trust, Class R6 4.23%
Franklin U.S. Core Bond ETF 4.22%
Putnam Large Cap Growth Fund 3.58%

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

  • Distributions
  • Tax Information

Distributions

Distribution Schedules

Dividend Frequency, if any This fund is an ex-Dividend fund
Semiannually
Capital Gain Distributions 
June, December

Proposed 2025 distribution dates for Franklin, Templeton and Mutual Series funds (excluding ETFs).

Final composition of the current year’s distribution—income, capital gains and/or return of capital—are based on US tax rules and will be determined by February of the following year. For tax characterization of a distribution, such as return of capital and tax-exempt income, click on the “Tax Information” tab above.

Distributions Per Share

Current Year Distributions Per Share
Distributions with future dates are estimates and those figures are not final
Record Date  
12/29/2025
Ex-Dividend Date  
12/30/2025
Reinvestment Date  
12/30/2025
Payable Date  
12/30/2025
Reinvestment Amount  
—
Long-Term Capital Gains  
$0.1070-$0.1470 Estimates
Short-Term Capital Gains  
$0.0420-$0.0520 Estimates
Income  
—
Total Distribution Per Share  
— Estimates
Record Date  
06/13/2025
Ex-Dividend Date  
06/16/2025
Reinvestment Date  
06/16/2025
Payable Date  
06/16/2025
Reinvestment Amount  
$15.72
Long-Term Capital Gains  
$0.617
Short-Term Capital Gains  
$0.0068
Income  
$0.0002
Total Distribution Per Share  
$0.624
Historical Distributions Per Share
Since Inception Year
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • Since Inception
Record Date  
12/27/2024
Ex-Dividend Date  
12/30/2024
Reinvestment Date  
12/30/2024
Payable Date  
12/30/2024
Reinvestment Amount  
$15.30
Long-Term Capital Gains  
$0.0096
Short-Term Capital Gains  
$0.0287
Income  
$0.1607
Total Distribution Per Share  
$0.199
Record Date  
09/27/2024
Ex-Dividend Date  
09/30/2024
Reinvestment Date  
09/30/2024
Payable Date  
09/30/2024
Reinvestment Amount  
$15.72
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0418
Total Distribution Per Share  
$0.0418
Record Date  
06/27/2024
Ex-Dividend Date  
06/28/2024
Reinvestment Date  
06/28/2024
Payable Date  
06/28/2024
Reinvestment Amount  
$14.96
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0316
Total Distribution Per Share  
$0.0316
Record Date  
03/27/2024
Ex-Dividend Date  
03/28/2024
Reinvestment Date  
03/28/2024
Payable Date  
03/28/2024
Reinvestment Amount  
$14.65
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0919
Total Distribution Per Share  
$0.0919
Record Date  
12/27/2023
Ex-Dividend Date  
12/28/2023
Reinvestment Date  
12/28/2023
Payable Date  
12/28/2023
Reinvestment Amount  
$13.54
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0337
Total Distribution Per Share  
$0.0337
Record Date  
09/28/2023
Ex-Dividend Date  
09/29/2023
Reinvestment Date  
09/29/2023
Payable Date  
09/29/2023
Reinvestment Amount  
$12.26
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0518
Total Distribution Per Share  
$0.0518
Record Date  
06/29/2023
Ex-Dividend Date  
06/30/2023
Reinvestment Date  
06/30/2023
Payable Date  
06/30/2023
Reinvestment Amount  
$12.76
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0564
Total Distribution Per Share  
$0.0564
Record Date  
06/14/2023
Ex-Dividend Date  
06/15/2023
Reinvestment Date  
06/15/2023
Payable Date  
06/15/2023
Reinvestment Amount  
$12.82
Long-Term Capital Gains  
$0.0448
Short-Term Capital Gains  
—
Income  
—
Total Distribution Per Share  
$0.0448
Record Date  
03/30/2023
Ex-Dividend Date  
03/31/2023
Reinvestment Date  
03/31/2023
Payable Date  
03/31/2023
Reinvestment Amount  
$12.24
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0516
Total Distribution Per Share  
$0.0516
Record Date  
12/28/2022
Ex-Dividend Date  
12/29/2022
Reinvestment Date  
12/29/2022
Payable Date  
12/29/2022
Reinvestment Amount  
$11.60
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0238
Total Distribution Per Share  
$0.0238
Record Date  
09/29/2022
Ex-Dividend Date  
09/30/2022
Reinvestment Date  
09/30/2022
Payable Date  
09/30/2022
Reinvestment Amount  
$10.55
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0265
Total Distribution Per Share  
$0.0265
Record Date  
06/29/2022
Ex-Dividend Date  
06/30/2022
Reinvestment Date  
06/30/2022
Payable Date  
06/30/2022
Reinvestment Amount  
$11.30
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0247
Total Distribution Per Share  
$0.0247
Record Date  
06/14/2022
Ex-Dividend Date  
06/15/2022
Reinvestment Date  
06/15/2022
Payable Date  
06/15/2022
Reinvestment Amount  
$11.40
Long-Term Capital Gains  
$0.3985
Short-Term Capital Gains  
—
Income  
—
Total Distribution Per Share  
$0.3985
Record Date  
03/30/2022
Ex-Dividend Date  
03/31/2022
Reinvestment Date  
03/31/2022
Payable Date  
03/31/2022
Reinvestment Amount  
$13.65
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0087
Total Distribution Per Share  
$0.0087
Record Date  
12/29/2021
Ex-Dividend Date  
12/30/2021
Reinvestment Date  
12/30/2021
Payable Date  
12/30/2021
Reinvestment Amount  
$14.61
Long-Term Capital Gains  
$2.2258
Short-Term Capital Gains  
$0.9566
Income  
$0.3441
Total Distribution Per Share  
$3.5265
Record Date  
09/27/2021
Ex-Dividend Date  
09/28/2021
Reinvestment Date  
09/28/2021
Payable Date  
09/28/2021
Reinvestment Amount  
$17.16
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0487
Total Distribution Per Share  
$0.0487
Record Date  
06/25/2021
Ex-Dividend Date  
06/28/2021
Reinvestment Date  
06/28/2021
Payable Date  
06/28/2021
Reinvestment Amount  
$17.29
Long-Term Capital Gains  
$0.206
Short-Term Capital Gains  
$0.0892
Income  
$0.0377
Total Distribution Per Share  
$0.3329
Record Date  
03/26/2021
Ex-Dividend Date  
03/29/2021
Reinvestment Date  
03/29/2021
Payable Date  
03/29/2021
Reinvestment Amount  
$16.48
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.004
Total Distribution Per Share  
$0.004
Record Date  
12/29/2020
Ex-Dividend Date  
12/30/2020
Reinvestment Date  
12/30/2020
Payable Date  
12/30/2020
Reinvestment Amount  
$15.71
Long-Term Capital Gains  
$0.0115
Short-Term Capital Gains  
$0.0244
Income  
$0.1225
Total Distribution Per Share  
$0.1584
Record Date  
09/25/2020
Ex-Dividend Date  
09/28/2020
Reinvestment Date  
09/28/2020
Payable Date  
09/28/2020
Reinvestment Amount  
$14.21
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0358
Total Distribution Per Share  
$0.0358
Record Date  
06/25/2020
Ex-Dividend Date  
06/26/2020
Reinvestment Date  
06/26/2020
Payable Date  
06/26/2020
Reinvestment Amount  
$12.95
Long-Term Capital Gains  
$0.1901
Short-Term Capital Gains  
—
Income  
$0.0202
Total Distribution Per Share  
$0.2103
Record Date  
03/26/2020
Ex-Dividend Date  
03/27/2020
Reinvestment Date  
03/27/2020
Payable Date  
03/27/2020
Reinvestment Amount  
$11.18
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0444
Total Distribution Per Share  
$0.0444
Record Date  
12/27/2019
Ex-Dividend Date  
12/30/2019
Reinvestment Date  
12/30/2019
Payable Date  
12/31/2019
Reinvestment Amount  
$13.99
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0807
Total Distribution Per Share  
$0.0807
Record Date  
09/25/2019
Ex-Dividend Date  
09/26/2019
Reinvestment Date  
09/26/2019
Payable Date  
09/30/2019
Reinvestment Amount  
$13.19
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0269
Total Distribution Per Share  
$0.0269
Record Date  
06/25/2019
Ex-Dividend Date  
06/26/2019
Reinvestment Date  
06/26/2019
Payable Date  
06/28/2019
Reinvestment Amount  
$13.07
Long-Term Capital Gains  
$0.1339
Short-Term Capital Gains  
—
Income  
$0.0502
Total Distribution Per Share  
$0.1841
Record Date  
03/26/2019
Ex-Dividend Date  
03/27/2019
Reinvestment Date  
03/27/2019
Payable Date  
03/29/2019
Reinvestment Amount  
$12.90
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0044
Total Distribution Per Share  
$0.0044
Record Date  
12/27/2018
Ex-Dividend Date  
12/28/2018
Reinvestment Date  
12/28/2018
Payable Date  
12/31/2018
Reinvestment Amount  
$11.67
Long-Term Capital Gains  
$0.1064
Short-Term Capital Gains  
—
Income  
$0.1757
Total Distribution Per Share  
$0.2821
Record Date  
09/25/2018
Ex-Dividend Date  
09/26/2018
Reinvestment Date  
09/26/2018
Payable Date  
09/28/2018
Reinvestment Amount  
$13.52
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.072
Total Distribution Per Share  
$0.072
Record Date  
06/26/2018
Ex-Dividend Date  
06/27/2018
Reinvestment Date  
06/27/2018
Payable Date  
06/29/2018
Reinvestment Amount  
$13.01
Long-Term Capital Gains  
$0.0863
Short-Term Capital Gains  
—
Income  
—
Total Distribution Per Share  
$0.0863
Record Date  
03/26/2018
Ex-Dividend Date  
03/27/2018
Reinvestment Date  
03/27/2018
Payable Date  
03/29/2018
Reinvestment Amount  
$13.04
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0499
Total Distribution Per Share  
$0.0499
Record Date  
12/27/2017
Ex-Dividend Date  
12/28/2017
Reinvestment Date  
12/28/2017
Payable Date  
12/29/2017
Reinvestment Amount  
$13.20
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.1453
Total Distribution Per Share  
$0.1453
Record Date  
03/28/2017
Ex-Dividend Date  
03/29/2017
Reinvestment Date  
03/29/2017
Payable Date  
03/31/2017
Reinvestment Amount  
$11.92
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0855
Total Distribution Per Share  
$0.0855
Record Date  
12/28/2016
Ex-Dividend Date  
12/29/2016
Reinvestment Date  
12/29/2016
Payable Date  
12/30/2016
Reinvestment Amount  
$11.31
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0831
Total Distribution Per Share  
$0.0831
Record Date  
06/27/2016
Ex-Dividend Date  
06/28/2016
Reinvestment Date  
06/28/2016
Payable Date  
06/30/2016
Reinvestment Amount  
$10.68
Long-Term Capital Gains  
$0.0962
Short-Term Capital Gains  
—
Income  
—
Total Distribution Per Share  
$0.0962
Record Date  
03/28/2016
Ex-Dividend Date  
03/29/2016
Reinvestment Date  
03/29/2016
Payable Date  
03/31/2016
Reinvestment Amount  
$10.92
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.003
Total Distribution Per Share  
$0.003
Record Date  
12/29/2015
Ex-Dividend Date  
12/30/2015
Reinvestment Date  
12/30/2015
Payable Date  
12/31/2015
Reinvestment Amount  
$11.18
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.1581
Total Distribution Per Share  
$0.1581
Record Date  
06/25/2015
Ex-Dividend Date  
06/26/2015
Reinvestment Date  
06/26/2015
Payable Date  
06/30/2015
Reinvestment Amount  
$12.04
Long-Term Capital Gains  
$0.1501
Short-Term Capital Gains  
$0.0052
Income  
$0.0004
Total Distribution Per Share  
$0.1557
Record Date  
03/26/2015
Ex-Dividend Date  
03/27/2015
Reinvestment Date  
03/27/2015
Payable Date  
03/31/2015
Reinvestment Amount  
$11.94
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0027
Total Distribution Per Share  
$0.0027
Record Date  
12/29/2014
Ex-Dividend Date  
12/30/2014
Reinvestment Date  
12/30/2014
Payable Date  
12/31/2014
Reinvestment Amount  
$11.67
Long-Term Capital Gains  
$0.0023
Short-Term Capital Gains  
$0.0148
Income  
$0.1633
Total Distribution Per Share  
$0.1804
Record Date  
06/25/2014
Ex-Dividend Date  
06/26/2014
Reinvestment Date  
06/26/2014
Payable Date  
06/30/2014
Reinvestment Amount  
$11.56
Long-Term Capital Gains  
$0.0442
Short-Term Capital Gains  
—
Income  
$0.0149
Total Distribution Per Share  
$0.0591
Record Date  
03/26/2014
Ex-Dividend Date  
03/27/2014
Reinvestment Date  
03/27/2014
Payable Date  
03/31/2014
Reinvestment Amount  
$11.23
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0007
Total Distribution Per Share  
$0.0007
Record Date  
12/27/2013
Ex-Dividend Date  
12/30/2013
Reinvestment Date  
12/30/2013
Payable Date  
12/31/2013
Reinvestment Amount  
$11.18
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0956
Total Distribution Per Share  
$0.0956
Record Date  
—
Ex-Dividend Date  
Reinvestment Date  
—
Payable Date  
—
Reinvestment Amount  
$10.71
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0075
Total Distribution Per Share  
$0.0075
Record Date  
09/25/2013
Ex-Dividend Date  
09/26/2013
Reinvestment Date  
09/26/2013
Payable Date  
09/30/2013
Reinvestment Amount  
$10.76
Long-Term Capital Gains  
—
Short-Term Capital Gains  
—
Income  
$0.0075
Total Distribution Per Share  
$0.0075

Annually, a fund must distribute all realized capital gains net of realized losses, so the fund will not be subject to an entity level income tax. A fund’s capital gain distribution in a particular year may be a result of the disposition of holdings that appreciated in value during prior years. Thus, while the fund may gain or lose value over the course of a year, a capital gain distribution paid by the fund may not be indicative of current performance of the fund.

The distributable amount of net capital gains are paid on a per-share basis to all investors who hold shares of the fund on the record date of the distribution and are recognized by the shareholder for tax purposes as of the ex-date of the distribution, regardless of when the gains or losses arose in the fund. Net gains on holdings held long term by the fund would be distributed to shareholders as a long-term capital gain distribution no matter how long the shareholder has owned shares in the fund.

Refer to the fund’s annual report or statement of additional information for specific information regarding distributions.

Tax Information

Tax Information

Federal ID Number 46-2498287
For information on tax years prior to 2008, please contact us
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 ($)
2024 Year
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
Record Date  
Mar 27
Ordinary Dividends  
0.0919
Qualified Dividends  
0.045849
Capital Gain Distributions  
—
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Jun 14
Ordinary Dividends  
—
Qualified Dividends  
—
Capital Gain Distributions  
—
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Jun 27
Ordinary Dividends  
0.0316
Qualified Dividends  
0.015765
Capital Gain Distributions  
—
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Sep 27
Ordinary Dividends  
0.0418
Qualified Dividends  
0.020854
Capital Gain Distributions  
—
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
—
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Dec 27
Ordinary Dividends  
0.196819
Qualified Dividends  
0.098192
Capital Gain Distributions  
0.0096
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
0.007419
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Record Date  
Ordinary Dividends  
0.362119
Qualified Dividends  
0.18066
Capital Gain Distributions  
0.0096
Unrecaptured Section 1250 Gain  
—
Non-Taxable Return Of Capital  
—
Section 199a Dividends  
—
Foreign Tax Paid  
0.007419
Exempt Interest Dividends  
—
Interest on Tax Reclaim Refunds  
—
Supplemental Tax Information
Foreign Source Income 
32.04%
Foreign Source Qualified Dividends 
20.20%
Direct U.S. Government Obligations 
—
Specified Private Activity Bond Interest 
—
Dividends Received Deduction 
20.86%
Section 163(j) 
—
Indiana Resident Taxable Income 
—
Utah Resident Taxable Income 
—

Franklin Templeton and its specialized investment managers and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the promotion or marketing of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Each investor’s tax situation is different, and is based on an individual’s tax bracket, type of account used for investment and other factors. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Pricing

Pricing History Chart

As of 12/12/2025 Updated Daily
Since Inception Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception

Chart

Line chart with 3250 data points.
The chart has 1 X axis displaying Time. Data ranges from 2013-07-01 00:00:01 to 2025-12-12 00:00:01.
The chart has 1 Y axis displaying values. Data ranges from 9.81 to 18.17.
End of interactive chart.

Daily Fund Prices and Breakpoints

As of 12/12/2025

Share Prices

As of 12/12/2025
NAV1 (Net Asset Value)
$17.60
NAV Change1 
$-0.17
NAV Change (%)1 
-0.96%
POP2 (Public Offering Price)
$18.62

52-Week Range

Highest NAV  As on 12/11/2025
$17.77
Lowest NAV  As on 04/08/2025
$13.60
POP and Sales Charge at Breakpoints

Investment

Sales Charge

POP

Less than $25,000 5.50%$18.62
$25,000 - $49,999 5.25%$18.58
$50,000 - $99,999 4.50%$18.43
$100,000 - $249,999 3.50%$18.24
$250,000 - $499,999 2.50%$18.05
$500,000 - $749,999 2.00%$17.96
$750,000 - $999,999 1.50%$17.87
POP and Sales Charge at Breakpoints
Investment  
Less than $25,000
Sales Charge  
5.50%
POP  
$18.62
Investment  
$25,000 - $49,999
Sales Charge  
5.25%
POP  
$18.58
Investment  
$50,000 - $99,999
Sales Charge  
4.50%
POP  
$18.43
Investment  
$100,000 - $249,999
Sales Charge  
3.50%
POP  
$18.24
Investment  
$250,000 - $499,999
Sales Charge  
2.50%
POP  
$18.05
Investment  
$500,000 - $749,999
Sales Charge  
2.00%
POP  
$17.96
Investment  
$750,000 - $999,999
Sales Charge  
1.50%
POP  
$17.87
Historical Data - Daily Fund Prices
1 Month Time Period
  • 1 Month
  • 3 Months
  • 6 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Since Inception
NAV  As of 12/12/2025
$17.60 (USD)
POP  As of 12/12/2025
$18.62 (USD)
Highest NAV  As of 12/11/2025
$17.77 (USD)
Lowest NAV  As of 11/20/2025
$16.91 (USD)

Historical Pricing Results   From   11/12/2025   To   12/12/2025

Date 
12/12/2025
NAV  
$17.60
POP  
$18.62
NAV Change  
$-0.17
NAV Change (%)  
-0.96%
Date 
12/11/2025
NAV  
$17.77
POP  
$18.80
NAV Change  
$0.04
NAV Change (%)  
0.23%
Date 
12/10/2025
NAV  
$17.73
POP  
$18.76
NAV Change  
$0.14
NAV Change (%)  
0.80%
Date 
12/09/2025
NAV  
$17.59
POP  
$18.61
NAV Change  
$-0.02
NAV Change (%)  
-0.11%
Date 
12/08/2025
NAV  
$17.61
POP  
$18.63
NAV Change  
$-0.04
NAV Change (%)  
—
Date 
12/05/2025
NAV  
$17.65
POP  
$18.68
NAV Change  
$0.02
NAV Change (%)  
0.11%
Date 
12/04/2025
NAV  
$17.63
POP  
$18.66
NAV Change  
$0.01
NAV Change (%)  
0.06%
Date 
12/03/2025
NAV  
$17.62
POP  
$18.65
NAV Change  
$0.04
NAV Change (%)  
0.23%
Date 
12/02/2025
NAV  
$17.58
POP  
$18.60
NAV Change  
$0.05
NAV Change (%)  
0.29%
Date 
12/01/2025
NAV  
$17.53
POP  
$18.55
NAV Change  
$-0.07
NAV Change (%)  
-0.40%
Date 
11/28/2025
NAV  
$17.60
POP  
$18.62
NAV Change  
$0.06
NAV Change (%)  
0.34%
Date 
11/27/2025
NAV  
$17.54
POP  
$18.56
NAV Change  
$0.14
NAV Change (%)  
0.00%
Date 
11/26/2025
NAV  
$17.54
POP  
$18.56
NAV Change  
$0.14
NAV Change (%)  
0.80%
Date 
11/25/2025
NAV  
$17.40
POP  
$18.41
NAV Change  
$0.15
NAV Change (%)  
0.87%
Date 
11/24/2025
NAV  
$17.25
POP  
$18.25
NAV Change  
$0.18
NAV Change (%)  
1.05%
Date 
11/21/2025
NAV  
$17.07
POP  
$18.06
NAV Change  
$0.16
NAV Change (%)  
0.95%
Date 
11/20/2025
NAV  
$16.91
POP  
$17.89
NAV Change  
$-0.25
NAV Change (%)  
-1.46%
Date 
11/19/2025
NAV  
$17.16
POP  
$18.16
NAV Change  
$0.02
NAV Change (%)  
0.12%
Date 
11/18/2025
NAV  
$17.14
POP  
$18.14
NAV Change  
$-0.13
NAV Change (%)  
—
Date 
11/17/2025
NAV  
$17.27
POP  
$18.28
NAV Change  
$-0.17
NAV Change (%)  
-0.97%
Date 
11/14/2025
NAV  
$17.44
POP  
$18.46
NAV Change  
$-0.04
NAV Change (%)  
-0.23%
Date 
11/13/2025
NAV  
$17.48
POP  
$18.50
NAV Change  
$-0.23
NAV Change (%)  
-1.30%
Date 
11/12/2025
NAV  
$17.71
POP  
$18.74
NAV Change  
$0.04
NAV Change (%)  
0.23%

Documents

Product Literature

PDF Format

Factsheet - Franklin LifeSmart 2050 Retirement Target Fund

Regulatory Documents

PDF Format

Semi-Annual Report - Franklin LifeSmart 2050 Retirement Target Fund - Class A

PDF Format

Annual Report - Franklin LifeSmart 2050 Retirement Target Fund - Class A

PDF Format

Prospectus - Franklin LifeSmart Retirement Target Funds

PDF Format

Summary Prospectus - Franklin LifeSmart (TM) 2050 Retirement Target Fund

PDF Format

Statement of Additional Information - Franklin LifeSmart Retirement Target Funds

Mailed hardcopies unavailable.

PDF Format

Fiscal Q1 Holdings - Franklin Fund Allocator Series

Mailed hardcopies unavailable.

PDF Format

Fiscal Q3 Holdings - Franklin Fund Allocator Series

Mailed hardcopies unavailable.

 

View Proxy Voting Records and Proxy Voting Policies

Risks

What Are the 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.

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