Morningstar

Franklin LifeSmart 2050 Retirement Target Fund Class R6 FRLEX

Medalist Rating as of Aug 31, 2026 See Franklin Templeton Investment Hub

Strategy

The investment seeks the highest level of long-term total return consistent with its asset allocation. Under normal market conditions, the investment manager allocates the fund's assets among the broad asset classes of equity and fixed income investments and strategies by investing primarily in a distinctly-weighted combination of underlying funds, predominantly other Franklin Templeton affiliated mutual funds and ETFs and third-party ETFs, based on each underlying fund's predominant asset class and strategy.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FLSOX	Franklin LifeSmart 2050 Retirement Target Fund Advisor Class	Institutional	Open			Jul 1, 2013	$1.96M	0.450%	Average	$100,000	$229,539.67
FLSJX	Franklin LifeSmart 2050 Retirement Target Fund Class A	Front Load	Open			Jul 1, 2013	$60.11M	0.700%	Low	$1,000	$1.59M
FLSKX	Franklin LifeSmart 2050 Retirement Target Fund Class C	Level Load	Open			Jul 1, 2013	$9.26M	1.450%	Below Average	$1,000	−$1.03M
FRLEX	Franklin LifeSmart 2050 Retirement Target Fund Class R6	Retirement, Large	Open			Jul 1, 2013	$457,882.00	0.400%	Average	$1M	$77,723.47
FLSNX	Franklin LifeSmart 2050 Retirement Target Fund Class R	Retirement, Medium	Open			Jul 1, 2013	$3.88M	0.950%	Average	$1,000	$1.06M

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