Franklin LifeSmart Retirement Income Fund (FLRDX)
The investment seeks to make monthly distributions, while preserving the investors' capital over the long term. The investment manager normally 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 and Legg Mason mutual funds and ETFs and third-party ETFs, based on each underlying fund's predominant asset class and strategy. Normally, 40% of the fund's assets are allocated to equity investments and 60% of the fund's assets are allocated to fixed-income investments.
Fund Info
US35472P6209
Jul 31, 2006
$100,000
Large-Cap
Value
Expense Ratio
FLRDX has an expense ratio of 0.05%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Franklin LifeSmart Retirement Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Franklin LifeSmart Retirement Income Fund had a return of 2.76% year-to-date (YTD) and 11.08% in the last 12 months. Over the past 10 years, Franklin LifeSmart Retirement Income Fund had an annualized return of 3.30%, while the S&P 500 had an annualized return of 11.26%, indicating that Franklin LifeSmart Retirement Income Fund did not perform as well as the benchmark.
FLRDX
2.76%
1.22%
4.16%
11.08%
3.83%
3.30%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of FLRDX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.61% | 2.76% | |||||||||||
| 2024 | 0.18% | 1.06% | 1.74% | -2.33% | 2.56% | 0.95% | 1.82% | 1.88% | 1.57% | -1.59% | 2.53% | -1.91% | 8.60% |
| 2023 | 4.22% | -2.14% | 1.92% | 0.97% | -0.94% | 2.10% | 1.56% | -0.73% | -2.54% | -1.69% | 5.32% | 3.71% | 12.00% |
| 2022 | -2.18% | -1.71% | -0.29% | -4.86% | 0.76% | -5.97% | 4.39% | -2.59% | -6.11% | 2.70% | 5.08% | -1.65% | -12.44% |
| 2021 | -0.71% | -0.28% | 0.85% | 1.89% | 0.67% | 0.92% | 0.49% | 0.83% | -1.53% | 1.61% | -1.20% | -0.63% | 2.88% |
| 2020 | 0.53% | -1.89% | -5.29% | 3.86% | 1.96% | 0.54% | 2.10% | 1.25% | -0.99% | -0.83% | 5.40% | 2.18% | 8.72% |
| 2019 | 3.62% | 1.36% | 1.07% | 1.16% | -1.67% | 2.47% | 0.42% | 0.24% | 0.69% | 0.69% | 0.41% | 1.14% | 12.12% |
| 2018 | 0.89% | -1.35% | -0.28% | 0.27% | 0.64% | 0.17% | 1.28% | 0.45% | -0.01% | -1.92% | 0.65% | -2.89% | -2.18% |
| 2017 | 0.72% | 1.17% | 0.17% | 0.53% | 0.53% | -0.01% | 0.80% | -0.01% | 0.62% | 0.26% | 0.17% | 0.08% | 5.15% |
| 2016 | -2.87% | -1.43% | 4.09% | 0.93% | 0.44% | 0.45% | 1.18% | 0.71% | 0.53% | 0.07% | -0.29% | 1.27% | 5.05% |
| 2015 | 0.09% | 2.58% | -0.46% | 0.93% | 0.59% | -2.70% | 0.17% | -3.52% | -2.21% | 3.20% | 0.27% | -3.42% | -4.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, FLRDX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Franklin LifeSmart Retirement Income Fund (FLRDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin LifeSmart Retirement Income Fund provided a 5.24% dividend yield over the last twelve months, with an annual payout of $0.56 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.56 | $0.56 | $0.56 | $0.50 | $0.46 | $0.47 | $0.44 | $0.47 | $0.47 | $0.35 | $0.30 |
Dividend yield | 5.24% | 5.36% | 5.46% | 5.16% | 3.95% | 4.01% | 3.95% | 4.50% | 4.22% | 3.15% | 2.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin LifeSmart Retirement Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.00 | $0.04 | ||||||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.14 | $0.56 |
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.16 | $0.56 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.50 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.46 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.44 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.35 |
| 2015 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.13 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Franklin LifeSmart Retirement Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Franklin LifeSmart Retirement Income Fund was 19.88%, occurring on Oct 14, 2022. Recovery took 430 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.88% | Nov 10, 2021 | 234 | Oct 14, 2022 | 430 | Jul 3, 2024 | 664 |
| -15.08% | May 26, 2015 | 182 | Feb 11, 2016 | 370 | Aug 1, 2017 | 552 |
| -13.45% | Feb 21, 2020 | 21 | Mar 20, 2020 | 93 | Aug 3, 2020 | 114 |
| -6.05% | Oct 3, 2018 | 57 | Dec 24, 2018 | 36 | Feb 15, 2019 | 93 |
| -2.84% | Sep 3, 2020 | 14 | Sep 23, 2020 | 31 | Nov 5, 2020 | 45 |
Volatility
Volatility Chart
The current Franklin LifeSmart Retirement Income Fund volatility is 1.20%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.