Franklin LifeSmart 2040 Ret Trgt R6 (FLREX)
| Fund Assets | 69.84M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,000,000 |
| Turnover | 31.39% |
| Dividend (ttm) | 0.82 |
| Dividend Yield | 5.05% |
| Dividend Growth | 138.43% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 16, 2025 |
| Previous Close | 16.19 |
| YTD Return | 10.53% |
| 1-Year Return | 11.10% |
| 5-Year Return | 52.95% |
| 52-Week Low | 13.31 |
| 52-Week High | 16.24 |
| Beta (5Y) | n/a |
| Holdings | 19 |
| Inception Date | Jul 1, 2013 |
About FLREX
Franklin LifeSmart 2040 Retirement Target Fund Class R6 is a target-date mutual fund designed primarily for investors planning to retire around the year 2040. Its main purpose is to provide a balanced mix of growth and income, gradually shifting from a more aggressive, equity-focused allocation to a conservative blend as the target retirement date approaches. This asset allocation is designed to maximize total return through capital appreciation and income during the accumulation phase, while progressively reducing risk over time. Notable features include diversified exposure across domestic and international equities, fixed income instruments, and cash equivalents. The fund’s top holdings are concentrated within core equity and bond strategies managed by Franklin Templeton, offering significant coverage of U.S. large cap, international, and emerging market equities as well as U.S. Treasury and investment-grade corporate bonds. Franklin LifeSmart 2040 Retirement Target Fund Class R6 serves as a core solution within retirement portfolios, helping investors manage longevity risk and sequence-of-return risk through dynamic asset rebalancing. Its role in the financial market is aligned with providing professionally managed, glide-path-driven retirement planning for institutional and high-net-worth clients.
Performance
FLREX had a total return of 11.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.57%.
Top 10 Holdings
84.75% of assets| Name | Symbol | Weight |
|---|---|---|
| Franklin U.S. Core Equity Advisor | FCEUX | 19.43% |
| Franklin International Core Equity Adv | FCENX | 12.34% |
| Franklin Growth R6 | FIFRX | 10.27% |
| Franklin U.S. Equity Index ETF | USPX | 8.58% |
| Franklin U.S Core Bond ETF | FLCB | 8.54% |
| Putnam Large Cap Value Fund | PEQSX | 6.60% |
| Franklin U.S. Large Cap Multifactor Index ETF | FLQL | 6.11% |
| Franklin Emerging Market Core Equity Adv | FCEEX | 4.36% |
| Franklin U.S. Treasury Bond ETF | FLGV | 4.35% |
| Franklin Investment Grade Corporate ETF | FLCO | 4.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.4979 | Jun 16, 2025 |
| Dec 30, 2024 | $0.2546 | Dec 30, 2024 |
| Sep 30, 2024 | $0.0646 | Sep 30, 2024 |
| Jun 28, 2024 | $0.0659 | Jun 28, 2024 |
| Jun 17, 2024 | $0.0583 | Jun 17, 2024 |
| Mar 28, 2024 | $0.0405 | Mar 28, 2024 |