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Franklin LifeSmart 2045 Retirement Target Fund Class A (FTTAX)

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12.72+0.22 (+1.76%)
As of 08:06AM EDT. Market open.

Franklin LifeSmart 2045 Retirement Target Fund Class A

Franklin Templeton Fund Allocator Series

One Franklin Parkway

San Mateo, CA 94403-1906

Management information
Thomas A. Nelson,Lead manager since 30 April 2011
Thomas Nelson is the director of portfolio management and a senior vice president for Franklin Templeton Investment Solutions (FTIS). He graduated from the University of Delaware with a B.S. in accounting. As the director of portfolio management and a member of the Investment Strategy and Research Committee, Mr. Nelson manages several Franklin Templeton global mutual funds. He is also a chartered member of the CFA Institute and part of the New York Society of Security Analysts and Chartered Alternative Investment Analyst Association.
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Morningstar category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. Where necessary, we may change a category assignment based on recent changes to the portfolio.

Fund overview

CategoryTarget-Date 2045
Fund familyFranklin Templeton Investments
Net assets84.3M
YTD return-6.52%
Morningstar ratingβ˜…β˜…
Inception date31 July 2006

Fund operations

Last dividend0.04
Last cap gain0.00
Holdings turnover36.61%
Average for categoryN/A

Fees and expenses

ExpenseFTTAXCategory average
Annual report expense ratio (net)0.70%0.45%
Prospectus net expense ratio0.70%N/A
Prospectus gross expense ratio1.21%N/A
Max 12b1 fee0.25%N/A
Max front end sales load5.50%5.35%
Max deferred sales loadN/A1.50%
3-yr expense projection866N/A
5-yr expense projection1,137N/A
10-yr expense projection1,922N/A