Franklin LifeSmart 2050 Retirement Target Fund Class R6 (FRLEX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
16.62
-0.01 (-0.06%)
Jul 24, 2025, 4:00 PM EDT
-0.06%
Fund Assets61.36M
Expense Ratio0.40%
Min. Investment$1,000,000
Turnover25.21%
Dividend (ttm)0.89
Dividend Yield5.35%
Dividend Growth260.60%
Payout FrequencyQuarterly
Ex-Dividend DateJun 16, 2025
Previous Close16.63
YTD Return7.85%
1-Year Return10.27%
5-Year Return62.24%
52-Week Low13.75
52-Week High16.63
Beta (5Y)n/a
Holdings15
Inception DateJul 1, 2013

About FRLEX

Franklin LifeSmart 2050 Retirement Target Fund Class R6 is a target-date mutual fund designed to help investors plan for retirement around the year 2050. The fund’s primary objective is to achieve the highest level of long-term total return while adhering to an asset allocation tailored to its target retirement date. Its portfolio offers a diversified mix of asset classes, typically blending U.S. and international equities, fixed income securities, and other investments. As the target date approaches, the fund gradually reduces its allocation to equities in favor of more conservative investments like bonds and cash equivalents—a strategy known as a glide path—to help manage risk as investors near retirement. This fund serves individuals or plan sponsors seeking a professionally managed, all-in-one solution that automatically adjusts risk exposure over time. It plays a significant role within retirement-focused investment portfolios, aiming to balance growth potential in the early years with capital preservation as retirement draws near.

Fund Family Franklin Templeton Investments
Category Target-Date 2050
Stock Exchange NASDAQ
Ticker Symbol FRLEX
Share Class Class R6
Index MSCI AC World NR USD

Performance

FRLEX had a total return of 10.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.00%.

Other Share Classes

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

SymbolShare ClassExpense Ratio
FLSOXAdvisor Class0.45%
FLSJXClass A0.70%
FLSNXClass R0.95%
FLSKXClass C1.45%

Top 10 Holdings

92.46% of assets
NameSymbolWeight
Franklin U.S. Core Equity (IU) Fund AdvisorFCEUX22.66%
Franklin International Core Equity (IU) Fund AdvisorFCENX15.57%
Franklin Growth Series Class R6FIFRX12.98%
Franklin U.S. Equity Index ETFUSPX9.75%
Putnam Large Cap Value Fund Class R6PEQSX7.64%
Franklin U.S. Large Cap Multifactor Index ETFFLQL7.07%
Franklin Emerging Market Core Equity (IU) Fund AdvisorFCEEX5.59%
Franklin U.S Core Bond ETFFLCB4.00%
Templeton Developing Markets Trust Class R6FDEVX3.67%
Templeton Foreign Fund Class R6FTFGX3.53%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 16, 2025$0.624Jun 16, 2025
Dec 30, 2024$0.2125Dec 30, 2024
Sep 30, 2024$0.0531Sep 30, 2024
Jun 28, 2024$0.0493Jun 28, 2024
Mar 28, 2024$0.0919Mar 28, 2024
Dec 28, 2023$0.0443Dec 28, 2023
Full Dividend History