Morningstar

Franklin LifeSmart™ 2020 Retirement Target Fund Class R6 FRTSX

Medalist Rating as of Sep 30, 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. The underlying funds may invest in all types of U.S. and foreign securities and may engage in strategies that employ derivative instruments.

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
FLROX	Franklin LifeSmart™ 2020 Retirement Target Fund Advisor Class	Institutional	Open			Jul 1, 2013	$655,207.00	0.450%	Above Average	$100,000	$41,275.03
FLRMX	Franklin LifeSmart™ 2020 Retirement Target Fund Class A	Front Load	Open			Jul 1, 2013	$21.98M	0.700%	Below Average	$1,000	−$2.34M
FLRQX	Franklin LifeSmart™ 2020 Retirement Target Fund Class C	Level Load	Open			Jul 1, 2013	$1.60M	1.450%	Above Average	$1,000	−$397,198.31
FRTSX	Franklin LifeSmart™ 2020 Retirement Target Fund Class R6	Retirement, Large	Open			Jul 1, 2013	$8,757.00	0.400%	Above Average	$1M	−$14,164.73
FLRVX	Franklin LifeSmart™ 2020 Retirement Target Fund Class R	Retirement, Medium	Open			Jul 1, 2013	$390,491.00	0.950%	Above Average	$1,000	$94,425.23

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