Franklin LifeSmart 2050 Retirement Target Fund Class R6 (FRLEX)
| Fund Assets | 58.89M |
| Expense Ratio | 0.40% |
| Min. Investment | $1,000,000 |
| Turnover | 25.21% |
| Dividend (ttm) | 0.89 |
| Dividend Yield | 5.46% |
| Dividend Growth | 260.60% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 16, 2025 |
| Previous Close | 16.14 |
| YTD Return | 5.26% |
| 1-Year Return | 9.19% |
| 5-Year Return | 65.83% |
| 52-Week Low | 13.75 |
| 52-Week High | 16.61 |
| Beta (5Y) | n/a |
| Holdings | 16 |
| Inception Date | Jul 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.
Performance
FRLEX had a total return of 9.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.81%.
Top 10 Holdings
92.12% of assets| Name | Symbol | Weight |
|---|---|---|
| Franklin U.S. Core Equity (IU) Fund Advisor | FCEUX | 22.56% |
| Franklin International Core Equity (IU) Fund Advisor | FCENX | 15.36% |
| Franklin Growth Series Class R6 | FIFRX | 12.91% |
| Franklin U.S. Equity Index ETF | USPX | 9.84% |
| Putnam Large Cap Value Fund Class R6 | PEQSX | 7.64% |
| Franklin U.S. Large Cap Multifactor Index ETF | FLQL | 7.04% |
| Franklin Emerging Market Core Equity Adv | FCEEX | 5.53% |
| Franklin U.S Core Bond ETF | FLCB | 4.01% |
| Templeton Developing Markets Trust Class R6 | FDEVX | 3.68% |
| Templeton Foreign Fund Class R6 | FTFGX | 3.55% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.624 | Jun 16, 2025 |
| Dec 30, 2024 | $0.2125 | Dec 30, 2024 |
| Sep 30, 2024 | $0.0531 | Sep 30, 2024 |
| Jun 28, 2024 | $0.0493 | Jun 28, 2024 |
| Mar 28, 2024 | $0.0919 | Mar 28, 2024 |
| Dec 28, 2023 | $0.0443 | Dec 28, 2023 |