About FLRJX
Franklin LifeSmart 2045 Retirement Target Fund Class R is a target-date mutual fund designed for individuals planning to retire near the year 2045. The fund’s primary objective is to achieve long-term growth and income by dynamically adjusting its asset allocation over time. Early in its lifecycle, the fund invests predominantly in equities—including U.S. and international stocks—to maximize growth potential, with a gradual shift toward bonds and short-term investments as the retirement date approaches, aiming to reduce risk and preserve capital.
Notable features include its fund-of-funds structure, where assets are primarily allocated across Franklin Templeton mutual funds and ETFs, providing broad diversification. With over 90% of assets concentrated in its top ten holdings, the portfolio spans key sectors such as financials, health care, consumer discretionary, and industrials, along with significant global and domestic equity and bond exposure.
This fund plays a central role in retirement planning by offering investors a single solution that automatically rebalances and manages risk based on a predetermined time horizon. Its historical returns, disciplined glide path, and diversified approach make it a staple in the target-date category for long-term retirement portfolios.
Fund Family Franklin Templeton Investments
Category Target-Date 2045
Performance Rating Below Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol FLRJX
Share Class Class R
Index MSCI AC World NR USD
FLRJX had a total return of 15.04% in the past year, including dividends. Since the fund's
inception, the average annual return has been 8.50%.
