Franklin LifeSmart 2045 Retirement Target Fund Class R6 (FMLTX)
| Fund Assets | 119.31M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,000,000 |
| Turnover | 30.84% |
| Dividend (ttm) | 1.19 |
| Dividend Yield | 6.34% |
| Dividend Growth | 136.99% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | n/a |
| YTD Return | 3.01% |
| 1-Year Return | 19.68% |
| 5-Year Return | 61.62% |
| 52-Week Low | 13.64 |
| 52-Week High | 19.03 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | May 1, 2013 |
About FMLTX
The Franklin LifeSmart 2045 Retirement Target Fund is a target-date mutual fund designed to help investors save for retirement with a planned horizon around the year 2045. Its primary function is to deliver a diversified investment approach by adjusting allocations among various asset classes—primarily domestic and international equities, bonds, and cash equivalents—according to a preset glide path that becomes more conservative as the retirement date approaches. Throughout its lifecycle, the fund strives to balance long-term growth potential with risk mitigation, gradually increasing exposure to fixed income assets as 2045 nears. The portfolio is dominated by holdings in large-cap equities and core bond funds, including significant allocations to U.S. and international equity and bond strategies, which together represent the vast majority of assets. This makes the fund particularly relevant for individuals looking for a professionally managed, one-stop solution to retirement investing that adapts over time. The fund plays a significant role in the retirement planning market, offering an option that helps automate asset allocation and risk management for investors targeting retirement in the mid-2040s.
Performance
FMLTX had a total return of 19.68% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.19%.
Top 10 Holdings
91.45% of assets| Name | Symbol | Weight |
|---|---|---|
| Franklin U.S. Core Equity (IU) Fund Advisor | FCEUX | 22.06% |
| Franklin International Core Equity (IU) Fund Advisor | FCENX | 12.45% |
| Franklin U.S Core Bond ETF | FLCB | 10.25% |
| Franklin U.S. Equity Index ETF | USPX | 9.63% |
| Franklin Growth Series Class R6 | FIFRX | 9.16% |
| Putnam Large Cap Value Fund Class R6 | PEQSX | 7.61% |
| Franklin U.S. Large Cap Multifactor Index ETF | FLQL | 6.75% |
| Franklin Emerging Market Core Equity (IU) Fund Advisor | FCEEX | 6.20% |
| Templeton Developing Markets Trust Class R6 | FDEVX | 4.06% |
| Putnam Large Cap Growth Fund Class R6 | PGOEX | 3.29% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.5756 | Dec 30, 2025 |
| Jun 16, 2025 | $0.6186 | Jun 16, 2025 |
| Dec 30, 2024 | $0.317 | Dec 30, 2024 |
| Sep 30, 2024 | $0.0592 | Sep 30, 2024 |
| Jun 28, 2024 | $0.0688 | Jun 28, 2024 |
| Jun 17, 2024 | $0.0007 | Jun 17, 2024 |