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Trending ETFs

Franklin LifeSmart 2025 Retirement Target Fund

mutual fund
FTRTX
Payout Change
Pending
Price as of:
$13.34 -0.06 -0.45%
primary theme
Target-Date 2025
FTRTX (Mutual Fund)

Franklin LifeSmart 2025 Retirement Target Fund

Payout Change
Pending
Price as of:
$13.34 -0.06 -0.45%
primary theme
Target-Date 2025
FTRTX (Mutual Fund)

Franklin LifeSmart 2025 Retirement Target Fund

Payout Change
Pending
Price as of:
$13.34 -0.06 -0.45%
primary theme
Target-Date 2025

Name

As of 10/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.34

$115 M

2.06%

$0.28

0.98%

Vitals

YTD Return

11.6%

1 yr return

23.7%

3 Yr Avg Return

3.4%

5 Yr Avg Return

6.6%

Net Assets

$115 M

Holdings in Top 10

79.2%

52 WEEK LOW AND HIGH

$13.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.98%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 69.35%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 10/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.34

$115 M

2.06%

$0.28

0.98%

FTRTX - Profile

Distributions

  • YTD Total Return 11.6%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.57%
DIVIDENDS
  • Dividend Yield 2.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Franklin LifeSmart 2025 Retirement Target Fund
  • Fund Family Name
    Franklin Templeton Group of Funds
  • Inception Date
    Jun 05, 2009
  • Shares Outstanding
    8498780
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Thomas Nelson

Fund Description

The Fund employs an asset allocation strategy designed for investors who are expecting to retire and who are likely to stop making new investments in the Fund around the specific target year (target date), as indicated in the Fund’s name, but who are expecting to delay withdrawals until their required minimum distribution age (which currently is approximately eight years after the target date in the Fund’s name, assuming a shareholder turns 65 in the year indicated in the Fund’s name). The required minimum distribution age currently is 73.

Under normal market conditions, the investment manager allocates the Fund’s assets among the broad asset classes of equity and fixed income investments and strategies by investing primarily in a distinctly-weighted combination of other funds (underlying funds), predominantly other Franklin Templeton affiliated mutual funds and exchange-traded funds (ETFs) and third-party ETFs, based on each underlying fund's predominant asset class and strategy.

Under normal market conditions, the investment manager uses a predetermined glide path as a guide in allocating the Fund’s assets among underlying funds in the broad asset classes (the Neutral Glide Path). However, when the investment manager’s proprietary risk indicator model signals a sustained level of market turbulence or a prolonged down (or bear) market, the investment manager may, in its sole discretion and without shareholder notification, employ a defensive glide path, which has higher fixed income and lower equity allocations than the Neutral Glide Path (the Defensive Glide Path). The investment manager’s proprietary risk indicator model is designed to measure certain factors across asset classes that are expected to signal a sustained level of market turbulence or a prolonged down (or bear) market. When the model signals such a market, the investment manager evaluates the data available and makes a qualitative decision on whether the Fund’s glide path should be shifted to the Defensive Glide Path. Then, if the market stabilizes, the investment manager may, in its sole discretion and without shareholder notification, shift the Fund’s portfolio back to the Neutral Glide Path. These glide path shifts are executed through purchases and sales of underlying funds and ETFs to increase or decrease the Funds’ equity and fixed income allocations. At any time, the investment manager may express tactical views that

may cause the Fund to deviate by up to 5% from the Neutral or Defensive Glide Path allocations.

The target asset allocations in the Neutral and Defensive Glide Paths change over time, reducing their exposure to equity investments and becoming increasingly conservative until the required minimum distribution age, which currently is approximately eight years after the stated target date, assuming a shareholder turns 65 in the year indicated in the Fund’s name. At that time (eight years after the year indicated in the Fund’s name), the Fund’s final asset allocation mix will be 40% equity funds and 60% fixed-income funds if the Fund is following the Neutral Glide Path or 30% equity funds and 70% fixed-income funds if the Fund is following the Defensive Glide Path. On or around the date of this prospectus, the investment manager anticipates that the Fund will be following the Neutral Glide Path and, consequently, its asset allocation mix will be approximately 58.5% equity funds and 41.5% fixed-income funds.

The underlying funds and the percentage allocations in the Neutral and Defensive Glide Paths may be changed from time to time by the Fund’s investment manager without the approval of shareholders, and, under normal market conditions, the percentage allocations may vary up to 5% from the stated allocations.

When selecting equity funds, the investment manager considers the underlying funds’ foreign and domestic exposure, market capitalization ranges, and investment style (growth vs. value). When selecting fixed-income funds, the investment manager considers the need for reduced market risks and lower volatility, appropriate to the Fund’s risk profile, and considers the credit quality, duration and maturity of the underlying funds’ portfolios. Certain fixed-income funds may hold securities across the credit quality spectrum, including below investment grade or "junk" bonds. The underlying funds may invest in all types of U.S. and foreign (including developing markets) securities and may engage in strategies that employ derivative instruments.

No more than 25% of the Fund’s assets may be invested in any one underlying fund, except that the Fund may invest up to 50% of its total assets in Franklin U.S. Government Securities Fund, Franklin U.S. Treasury Bond ETF, or a combination of both.

While the Fund is designed for investors expecting to retire around the target date and who are expecting to delay withdrawals until their required minimum distribution age, investors should also consider other factors, such as their risk tolerance, personal circumstances, legal considerations, tax consequences and status, complete financial situation and needs and individual goals, some or all of which can change frequently. It is possible to lose money by investing in the Fund, including at and after the target date. The Fund does not guarantee a level of income or principal at or after the target date.

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FTRTX - Performance

Return Ranking - Trailing

Period FTRTX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% 5.7% 14.5% 35.47%
1 Yr 23.7% 12.2% 27.3% 42.86%
3 Yr 3.4%* -1.0% 5.3% 21.29%
5 Yr 6.6%* 2.3% 8.7% 47.51%
10 Yr 5.5%* 2.6% 7.4% 79.63%

* Annualized

Return Ranking - Calendar

Period FTRTX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% 1.0% 14.2% 22.77%
2022 -19.2% -33.6% -9.0% 50.00%
2021 -0.9% -6.6% 12.9% 81.25%
2020 6.3% -8.5% 13.1% 83.43%
2019 12.7% 4.3% 17.0% 53.05%

Total Return Ranking - Trailing

Period FTRTX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.6% 5.7% 14.5% 35.47%
1 Yr 23.7% 12.2% 27.3% 42.86%
3 Yr 3.4%* -1.0% 5.3% 21.29%
5 Yr 6.6%* 2.3% 8.7% 47.51%
10 Yr 5.5%* 2.6% 7.4% 79.63%

* Annualized

Total Return Ranking - Calendar

Period FTRTX Return Category Return Low Category Return High Rank in Category (%)
2023 13.6% 8.0% 20.3% 40.59%
2022 -16.1% -24.5% 1.1% 75.25%
2021 11.2% -0.2% 17.0% 22.92%
2020 10.3% -6.6% 18.0% 87.29%
2019 16.8% 15.9% 28.6% 89.63%

NAV & Total Return History


FTRTX - Holdings

Concentration Analysis

FTRTX Category Low Category High FTRTX % Rank
Net Assets 115 M 3.69 M 76.5 B 76.85%
Number of Holdings 25 2 824 39.90%
Net Assets in Top 10 88.9 M 4.46 M 76.3 B 77.34%
Weighting of Top 10 79.20% 47.7% 120.8% 52.82%

Top 10 Holdings

  1. Franklin U.S. Core Equity (IU) Fund 17.49%
  2. Franklin U.S. Core Bond ETF 15.53%
  3. Franklin International Core Equity (IU) Fund 9.08%
  4. Western Asset Core Plus Bond Fund, Class IS 8.15%
  5. Franklin Growth Fund, Class R6 7.78%
  6. Franklin U.S. Treasury Bond ETF 7.78%
  7. Franklin U.S. Large Cap Multifactor Index ETF 4.15%
  8. ClearBridge Large Cap Value Fund, Class IS 3.18%
  9. Franklin Emerging Market Core Equity (IU) Fund 3.13%
  10. BrandywineGLOBAL - Global Opportunities Bond Fund, Class IS 2.93%

Asset Allocation

Weighting Return Low Return High FTRTX % Rank
Cash
0.76% 0.00% 50.45% 36.45%
Convertible Bonds
0.60% 0.01% 3.27% 38.92%
Stocks
0.00% 0.00% 100.94% 93.60%
Preferred Stocks
0.00% 0.00% 0.04% 46.31%
Other
0.00% -0.02% 7.03% 60.10%
Bonds
0.00% 0.00% 61.92% 68.47%

FTRTX - Expenses

Operational Fees

FTRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.05% 22.74% 32.18%
Management Fee 0.25% 0.00% 0.79% 58.12%
12b-1 Fee 0.25% 0.00% 1.00% 44.09%
Administrative Fee N/A 0.01% 0.29% N/A

Sales Fees

FTRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.50% 5.75% 61.90%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

FTRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FTRTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 69.35% 1.50% 97.00% 93.51%

FTRTX - Distributions

Dividend Yield Analysis

FTRTX Category Low Category High FTRTX % Rank
Dividend Yield 2.06% 0.00% 7.34% 67.49%

Dividend Distribution Analysis

FTRTX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Annual Annual

Net Income Ratio Analysis

FTRTX Category Low Category High FTRTX % Rank
Net Income Ratio 1.57% 0.27% 3.72% 45.50%

Capital Gain Distribution Analysis

FTRTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Monthly Semi-Annually

Distributions History

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FTRTX - Fund Manager Analysis

Managers

Thomas Nelson


Start Date

Tenure

Tenure Rank

May 01, 2011

11.09

11.1%

Thomas Nelson is the director of portfolio management and a senior vice president for Franklin Templeton Investment Solutions (FTIS). He graduated from the University of Delaware with a B.S. in accounting. As the director of portfolio management and a member of the Investment Strategy and Research Committee, Mr. Nelson manages several Franklin Templeton global mutual funds. He is also a chartered member of the CFA Institute and part of the New York Society of Security Analysts and Chartered Alternative Investment Analyst Association.

Berkeley Revenaugh


Start Date

Tenure

Tenure Rank

Apr 16, 2021

1.12

1.1%

Ms. Revenaugh has been a co-lead portfolio manager since April 2021. She joined Franklin Templeton in 2019. Prior to joining Franklin Templeton, she was a portfolio strategist and a member of the investment committee with Windward Investment Management.

Wylie Tollette


Start Date

Tenure

Tenure Rank

Apr 16, 2021

1.12

1.1%

Mr. Tollette first joined Franklin Templeton in 1994, left the company in 2014 and rejoined again in 2018.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.59 5.79 2.41