Franklin LifeSmart 2045 Retirement Target Fund (FLRLX) belongs to the Target Retirement Date category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FLRLX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FLRLX
FLRLX charges 0.25% annually. There are 218 mutual funds in the Target Retirement Date category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Principal LifeTime 2040 Fund | 0.01% | — | Feb 2001 | FLRLX vs PTDIX | |
| Principal LifeTime 2055 Fund | 0.01% | — | Feb 2008 | FLRLX vs LTFIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | FLRLX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | FLRLX vs LTIUX | |
| John Hancock Funds Multi-Index 2060 Lifetime Portf... | 0.01% | — | Mar 2016 | FLRLX vs JIEHX |
Best Risk-Adjusted Alternatives to FLRLX
FLRLX has a PortfoliosLab risk / return rank of 65. There are 342 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Putnam Retirement Advantage Maturity Fund | 87 | — | Dec 2019 | FLRLX vs PADLX | |
| State Street Target Retirement Fund | 86 | — | Sep 2014 | FLRLX vs SSFNX | |
| State Street Target Retirement 2025 Fund | 84 | — | Sep 2014 | FLRLX vs SSBRX | |
| Prudential Day One Income Fund | 83 | — | Dec 2016 | FLRLX vs PDAHX | |
| Dimensional Retirement Income Fund | 81 | — | Nov 2015 | FLRLX vs TDIFX |
Top Performing FLRLX Alternatives (YTD)
FLRLX is at 10.62% YTD. There are 223 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 13.50%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Flex Freedom Blend 2060 Fund | 13.50% | — | Jun 2017 | FLRLX vs FWLSX | |
| Fidelity Flex Freedom Blend 2065 Fund | 13.45% | — | Jun 2019 | FLRLX vs FDFPX | |
| Fidelity Flex Freedom Blend 2055 Fund | 13.40% | — | Jun 2017 | FLRLX vs FQLSX | |
| Fidelity Freedom 2060 Fund Class K6 | 13.38% | — | Aug 2014 | FLRLX vs FVTKX | |
| Fidelity Freedom® 2070 Fund Class K6 | 13.36% | — | Jun 2024 | FLRLX vs FRBHX |
Lowest Volatility Alternatives to FLRLX
FLRLX has 11.13% 1-year volatility. There are 415 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.33%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.33% | — | Nov 2015 | FLRLX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.00% | — | Oct 2009 | FLRLX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | 4.02% | — | Oct 2009 | FLRLX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | 4.15% | — | Aug 2019 | FLRLX vs FRQHX | |
| Fidelity Managed Retirement Income Fund Class K | 4.16% | — | Aug 2019 | FLRLX vs FRKMX |
Lowest Drawdown Alternatives to FLRLX
FLRLX has a 1-year max drawdown of -8.92%. There are 466 mutual funds in the Target Retirement Date category with shallower 1-year drawdowns, going as shallow as -2.61%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | -2.61% | — | Nov 2015 | FLRLX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | -3.32% | — | Oct 2009 | FLRLX vs FIKFX | |
| Fidelity Freedom Index Income Fund Institutional P... | -3.33% | — | Oct 2009 | FLRLX vs FFGZX | |
| Fidelity Managed Retirement 2010 Fund Class K6 | -3.41% | — | Aug 2019 | FLRLX vs FRQHX | |
| Fidelity Managed Retirement 2010 Fund Class K | -3.42% | — | Aug 2019 | FLRLX vs FRQKX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities | 20 | 12.20% | — | Jan 1968 | FLRLX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Precious Metals | 36 | 2.82% | — | May 1969 | FLRLX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 84 | 4.75% | — | — | FLRLX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 25 | 6.28% | — | Apr 1948 | FLRLX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 23 | 16.39% | — | Jun 2011 | FLRLX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 30 | 5.63% | — | Jan 1987 | FLRLX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 9 | 4.27% | — | Aug 1997 | FLRLX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 2.93% | — | Oct 1983 | FLRLX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 90 | 5.29% | — | Aug 1997 | FLRLX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 32 | 5.26% | — | Mar 1970 | FLRLX vs SHAPX |
Often Compared With FLRLX
Investors most often compare FLRLX with SPY, FFTHX, PPLIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare FLRLX with Any Fund or Stock
Compare FLRLX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FLRLX with funds that move differently
Franklin LifeSmart 2045 Retirement Target Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FLRLX.
Explore FLRLX Diversifiers