Franklin LifeSmart 2045 Ret Trgt R6 (FMLTX)

Fund Assets	119.31M
Expense Ratio	0.41%
Min. Investment	$1,000,000
Turnover	30.84%
Dividend (ttm)	0.37
Dividend Yield	1.89%
Dividend Growth	57.75%
Payout Frequency	n/a
Ex-Dividend Date	Jun 15, 2026

Previous Close	19.76
YTD Return	11.60%
1-Year Return	15.73%
5-Year Return	58.93%
52-Week Low	17.49
52-Week High	20.33
Beta (5Y)	0.85
Holdings	17
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.

• Fund Family: Franklin Templeton Investments
• Category: Target-Date 2045
• Performance Rating: Above Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FMLTX
• Share Class: Class R6
• Index: MSCI AC World NR USD

Performance

FMLTX had a total return of 15.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.15%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FLRLX	Advisor Class	0.45%
FTTAX	Class A	0.70%
FLRJX	Class R	0.95%
FLRIX	Class C	1.45%

Top 10 Holdings

90.15% of assets

Name	Symbol	Weight
Franklin U.S. Core Equity Advisor	FCEUX	20.06%
Franklin U.S. Equity Index ETF	USPX	12.15%
Franklin International Core Equity Adv	FCENX	12.14%
Franklin U.S Core Bond ETF	FLCB	10.57%
Franklin Emerging Market Core Equity Adv	FCEEX	7.26%
Putnam Large Cap Value R6	PEQSX	7.14%
Franklin U.S. Large Cap Multifactor Index ETF	FLQL	6.73%
Putnam Large Cap Growth R6	PGOEX	5.11%
Franklin Growth R6	FIFRX	4.66%
Templeton Emerging Markets Equity R6	FDEVX	4.34%

Dividend History

Ex-Dividend	Amount	Pay Date
Jun 15, 2026	$0.5772	Jun 15, 2026
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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