Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Franklin LifeSmart™ 2045 Retirement Target Fund Class A (FTTAX)

Net Asset Value
1 Day
Overall Morningstar Rating
Target date 2041-2045
Style or Category
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks 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, fixed-income and alternative investments by investing primarily in a distinctly-weighted combination of underlying funds, predominantly other Franklin Templeton mutual funds, based on each underlying fund's predominant asset class. These underlying funds and ETFs, in turn, invest in a variety of U.S. and foreign equity, fixed-income and derivative investments.


1 month+1.48% 3 years+9.16%
3 months-2.99% 5 years+8.05%
1 year+3.25% Since inception+5.31%
Data through --

Peer Comparisonvs. Target date 2041-2045

Performance 5-yr return+8.05%+8.23%
Expense ratio1.78%0.96%
Risk 5 year sharpe ratio0.760.74
Net assets$65.1M$914.7M
Average market cap$20.2B$34.3B
Average P/E18.818.2
Portfolio turnover65%65%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyFranklin Templeton Investments
Fund manager & tenureT. Coffey / 9 Years
Minimal initial investment$1,000.00
Minimum IRA investment$250.00


U.S. stock51.58%
International stock30.63%
Fixed income8.25%
Top 5 Sectors
Portfolio weighting
Industrial materials 18.13%
Financial service 11.51%
Energy 11.10%
Consumer goods 10.08%
Healthcare 9.06%
Top 10 Holdings
Portfolio weighting
FRISX Franklin Rising Dividends Fund R6 Class9.21%
FIFRX Franklin Growth Series Class R68.77%
FCAPX Franklin International Small Cap Growth Fund Class R67.53%
FDTRX Franklin DynaTech Fund Class R67.49%
FEFCX Franklin Focused Core Equity Fund Class R66.39%
IVV iShares Core S&P 500 ETF6.02%
FASRX Franklin K2 Alternative Strategies Fund Class R66.01%
FIMFX Franklin Mutual International Fund Class R65.99%
IVE iShares S&P 500 Value ETF3.82%
FOPPX Franklin Growth Opportunities Fund Class R63.72%

Partner Offers