About FLRVX
Franklin LifeSmart 2020 Retirement Target Fund Class R is a target-date mutual fund designed to meet the evolving financial needs of investors approaching or in retirement around the year 2020. Its core objective is to deliver the highest long-term total return that is consistent with a shifting asset allocation strategy as the target date nears. The fund gradually transitions its portfolio to a more conservative mix—placing greater emphasis on fixed income and income-generating securities while reducing equity exposure—to help manage risk for retirees and near-retirees. It invests across a globally diversified selection of assets, including U.S. and international equities, government and corporate bonds, and other fixed income instruments, and is managed by Franklin Templeton Investments. Sector allocation is broad, covering technology, financials, healthcare, and industrials, while the fund's major holdings reflect a balance between core bond and equity positions. With quarterly income distribution and a focus on managing volatility, this fund serves as a foundational investment solution for individuals transitioning from asset accumulation to income generation in retirement.
Fund Family Franklin Templeton Investments
Category Target-Date 2020
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol FLRVX
Share Class Class R
Index Bloomberg Multiverse TR USD Unhedged
FLRVX had a total return of 10.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.07%.
