As of 03/10/2014
Average Annual Total Returns
|w/ Sales Charge|
Expense Ratio and Sales Charge As of 05/01/2013 (updated annually)
|Gross Expense Ratio4,5,6||1.63%|
|Net Expense Ratio4||0.95%|
|Max Initial Sales Charge||5.75%|
Effective on January 1, 2014, the Franklin LifeSmart™ Retirement Target Funds implemented changes to their target asset allocation (“glide path”). For more information regarding these and other changes, please click here.
Effective July 1, 2013, the target asset allocations for the Franklin LifeSmart™ Retirement Target Funds changed. For more information regarding these and other changes, please click here.
Effective May 1, 2013, the Franklin Templeton Retirement Target Funds changed their names to Franklin LifeSmart™ Retirement Target Funds. The funds' investment goal remains the same.
As of 02/28/2014
Strategy, Benefits, Results
The fund seeks the highest level of long-term total return consistent with its asset allocation. The portfolio manager:
Asset Allocation Approach (Glide Path)
On January 1, 2014, the funds’ glide path was modified, including increasing its tactical allocation ranges and adding a strategic allocation to alternative funds.
Effective July 1, 2013, the Franklin LifeSmart™ Retirement Target Funds implemented changes to their target allocations; short-term investment (money market) allocations were combined into the fixed-income fund target allocations. The Funds’ investment goal remains the same.
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.
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:
Investing in the Fund
What Are the Risks?
How Financial Advisors Help You
Speak to your financial advisor about whether this fund is appropriate for you. If you don't have a financial advisor, request a referral.