- ISIN
- US35472P6209
- Issuer
- Franklin Templeton
- Inception Date
- Jul 31, 2006
- Category
- Target Retirement Date
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FLRDX Performance Chart
Franklin LifeSmart Retirement Income Fund (FLRDX) is up 4.2% since the beginning of the year. FLRDX is currently trading at $11 per share. Investors who bought $1,000 worth of FLRDX shares 5 years ago would now be looking at an investment worth $1,246.
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Returns By Period
Franklin LifeSmart Retirement Income Fund (FLRDX) has returned 4.24% so far this year and 12.18% over the past 12 months. Over the last ten years, FLRDX has returned 5.25% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin LifeSmart Retirement Income Fund
- 1D
- 0.36%
- 1M
- 1.08%
- YTD
- 4.24%
- 6M
- 4.36%
- 1Y
- 12.18%
- 3Y*
- 8.86%
- 5Y*
- 4.50%
- 10Y*
- 5.25%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FLRDX Monthly Returns History
Based on dividend-adjusted daily data since Jan 6, 2015, FLRDX's average daily return is +0.02%, while the average monthly return is +0.39%. At this rate, an investment would double in approximately 14.8 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2020 with a return of +5.4%, while the worst month was Sep 2022 at -6.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FLRDX closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +3.0%, while the worst single day was Apr 4, 2025 at -2.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.65% | 1.45% | -3.83% | 3.24% | 1.45% | 0.36% | 4.24% | ||||||
| 2025 | 1.24% | 0.47% | -1.97% | -0.49% | 1.34% | 2.48% | 0.27% | 1.58% | 1.75% | 0.90% | 0.72% | 0.47% | 9.05% |
| 2024 | 0.17% | 1.06% | 1.74% | -2.33% | 2.55% | 0.95% | 1.81% | 1.88% | 1.57% | -1.59% | 2.53% | -2.89% | 7.50% |
| 2023 | 4.22% | -2.14% | 1.91% | 0.97% | -0.95% | 2.10% | 1.56% | -0.73% | -2.54% | -1.69% | 5.32% | 3.71% | 11.98% |
| 2022 | -2.18% | -1.70% | -0.29% | -4.86% | 0.76% | -5.09% | 4.39% | -2.59% | -6.11% | 2.70% | 5.08% | -1.65% | -11.62% |
| 2021 | -0.71% | -0.28% | 0.86% | 1.89% | 0.67% | 0.92% | 0.49% | 0.83% | -1.53% | 1.61% | -1.20% | 1.93% | 5.57% |
Benchmark Metrics
Franklin LifeSmart Retirement Income Fund has an annualized alpha of 1.06%, beta of 0.28, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since January 06, 2015.
- This fund participated in 48.15% of S&P 500 Index downside but only 36.35% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.28 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 1.06%
- Beta
- 0.28
- R²
- 0.61
- Upside Capture
- 36.35%
- Downside Capture
- 48.15%
Expense Ratio
FLRDX has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
FLRDX ranks 62 for risk / return — better than 62% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Franklin LifeSmart Retirement Income Fund (FLRDX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FLRDX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.48 | 2.78 | -0.30 |
| Martin ratioReturn relative to average drawdown | 11.10 | 12.44 | -1.34 |
Dividends
Dividend History
Franklin LifeSmart Retirement Income Fund provided a 4.69% dividend yield over the last twelve months, with an annual payout of $0.53 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.53 | $0.44 | $0.45 | $0.55 | $0.59 | $0.76 | $0.47 | $0.44 | $0.47 | $0.46 | $0.40 | $0.63 |
Dividend yield | 4.69% | 4.04% | 4.33% | 5.43% | 6.11% | 6.56% | 4.04% | 3.90% | 4.48% | 4.17% | 3.63% | 5.83% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.00 | $0.04 | $0.04 | $0.00 | $0.16 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.13 | $0.44 |
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 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 | $0.55 |
| 2022 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.13 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.59 |
| 2021 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.34 | $0.76 |
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.
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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 17.04%, occurring on Oct 14, 2022. Recovery took 340 trading sessions.
The current Franklin LifeSmart Retirement Income Fund drawdown is 0.09%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -17.04%Oct 2022 | 11mo 8d | 1y 4mo | 2y 3moNov 2021 - Feb 2024 |
COVID crash2020 | -13.45%Mar 2020 | 28d | 4mo 16d | 5mo 14dFeb 2020 - Aug 2020 |
2016 correction2016 | -12.57%Feb 2016 | 8mo 21d | 10mo 28d | 1y 7moMay 2015 - Jan 2017 |
2025 selloff2025 | -8.52%Apr 2025 | 4mo | 2mo 24d | 6mo 24dDec 2024 - Jul 2025 |
Rate-hike selloffLate 2018 | -6.06%Dec 2018 | 2mo 22d | 1mo 23d | 4mo 15dOct 2018 - Feb 2019 |
Drawdown Indicators
| FLRDX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.04% | -56.78% | +39.74% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -9.10% | +4.21% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -18.90% | +10.38% |
Max Drawdown (5Y)Largest decline over 5 years | -17.04% | -25.43% | +8.39% |
Max Drawdown (10Y)Largest decline over 10 years | -17.04% | -33.92% | +16.88% |
Current DrawdownCurrent decline from peak | -0.09% | -1.80% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -10.71% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 2.03% | -0.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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