About FLRIX
Franklin LifeSmart 2045 Retirement Target Fund Class C is a target-date mutual fund designed to provide a diversified investment approach for individuals planning to retire around the year 2045. This fund strategically allocates assets across a mix of equity, fixed income, and short-term investments, primarily through investments in various Franklin Templeton mutual funds, to pursue long-term growth while managing risk as the target retirement date approaches. Over time, its portfolio composition gradually shifts toward more conservative investments, aiming to reduce volatility and help preserve capital as retirement nears.
The fund’s holdings are diversified globally, with significant allocation to U.S. core equities, international developed and emerging markets, as well as U.S. bonds. Its top holdings include Franklin U.S. Core Equity, Franklin International Core Equity, Franklin Growth Series, and Franklin U.S. Core Bond ETF, comprising over 90% of fund assets. The fund pays quarterly dividends and reported a 1-year return of 11.65% as of mid-2025, with approximately $84 million in assets under management and a net expense ratio of 1.45%. Franklin LifeSmart 2045 Retirement Target Fund Class C serves as a comprehensive, professionally managed option for long-term retirement investors seeking an evolving mix of growth and income aligned with a mid-2040s retirement horizon.
Fund Family Franklin Templeton Investments
Category Target-Date 2045
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol FLRIX
Share Class Class C
Index MSCI AC World NR USD
FLRIX had a total return of 18.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.63%.
