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 2055 Fund | 0.01% | — | Feb 2008 | FLRLX vs LTFIX | |
| Principal LifeTime 2045 Fund | 0.01% | — | Feb 2008 | FLRLX vs LTRIX | |
| Principal LifeTime 2030 Fund | 0.01% | — | Feb 2001 | FLRLX vs PMTIX | |
| Principal LifeTime 2035 Fund | 0.01% | — | Feb 2008 | FLRLX vs LTIUX | |
| Principal LifeTime 2060 Fund | 0.01% | — | Feb 2013 | FLRLX vs PLTZX |
Best Risk-Adjusted Alternatives to FLRLX
FLRLX has a PortfoliosLab risk / return rank of 59. There are 403 mutual funds in the Target Retirement Date category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement 2020 Fund | 86 | — | Dec 2007 | FLRLX vs FIRVX | |
| Fidelity Managed Retirement Income Fund Class K | 85 | — | Aug 2019 | FLRLX vs FRKMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 85 | — | Aug 2019 | FLRLX vs FRHMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 85 | — | Aug 2007 | FLRLX vs FRAMX | |
| Putnam Retirement Advantage Maturity Fund | 84 | — | Dec 2019 | FLRLX vs PADLX |
Top Performing FLRLX Alternatives (YTD)
FLRLX is at 9.70% YTD. There are 272 mutual funds in the Target Retirement Date category with higher YTD returns, going as high as 15,640,638.04%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Managed Retirement Income Fund Class K | 15,640,638.04% | — | Aug 2019 | FLRLX vs FRKMX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 1,644,791.35% | — | Aug 2007 | FLRLX vs FRAMX | |
| Fidelity Managed Retirement Income Fund Class K6 | 1,464,383.96% | — | Aug 2019 | FLRLX vs FRHMX | |
| Fidelity Managed Retirement 2020 Fund | 1,440,933.92% | — | Dec 2007 | FLRLX vs FIRVX | |
| Fidelity Freedom 2055 Fund Class K6 | 13.50% | — | Jun 2011 | FLRLX vs FCTKX |
Lowest Volatility Alternatives to FLRLX
FLRLX has 11.94% 1-year volatility. There are 416 mutual funds in the Target Retirement Date category with lower 1-year volatility, going as low as 3.48%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 3.48% | — | Nov 2015 | FLRLX vs TDIFX | |
| Fidelity Freedom Index Income Fund Investor Class | 4.31% | — | Oct 2009 | FLRLX vs FIKFX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.32% | — | Aug 2007 | FLRLX vs FRQIX | |
| Fidelity Advisor Managed Retirement Income Fund Cl... | 4.32% | — | Aug 2007 | FLRLX vs FRIMX | |
| Fidelity Advisor Managed Retirement 2010 Fund Clas... | 4.33% | — | Aug 2007 | FLRLX vs FRQAX |
Lowest Drawdown Alternatives to FLRLX
FLRLX has a 1-year max drawdown of -8.92%. There are 465 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 Income Fund Class K | -3.42% | — | Aug 2019 | FLRLX vs FRKMX |
Other Mutual Funds from Franklin Templeton
The 10 most viewed Franklin Templeton mutual funds shown here include FKDNX, FKRCX, FKINX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Franklin DynaTech Fund | Large Cap Growth Equities, Technology Equities | 18 | 9.83% | — | Jan 1968 | FLRLX vs FKDNX | |
| Franklin Gold and Precious Metals Fund | Gold, Precious Metals | 30 | -11.31% | — | May 1969 | FLRLX vs FKRCX | |
| Franklin Income Fund Class A1 | Diversified Portfolio | 79 | 4.80% | — | — | FLRLX vs FKINX | |
| Franklin Growth Fund | Large Cap Growth Equities | 22 | 5.65% | — | Apr 1948 | FLRLX vs FKGRX | |
| ClearBridge Energy Midstream Opportunity Fund | MLPs, Energy Equities | 18 | 15.23% | — | Jun 2011 | FLRLX vs EMO | |
| Franklin Rising Dividends Fund | Large Cap Blend Equities | 24 | 5.12% | — | Jan 1987 | FLRLX vs FRDPX | |
| ClearBridge Large Cap Growth Fund | Large Cap Growth Equities | 7 | 2.71% | — | Aug 1997 | FLRLX vs SBLGX | |
| ClearBridge Aggressive Growth Fund | Large Cap Blend Equities | 8 | 3.87% | — | Oct 1983 | FLRLX vs SHRAX | |
| Franklin Income Fund Advisor Class | Diversified Portfolio | 84 | 4.94% | — | Aug 1997 | FLRLX vs FRIAX | |
| ClearBridge Appreciation Fund | Large Cap Blend Equities | 26 | 4.57% | — | Mar 1970 | FLRLX vs SHAPX |
Often Compared With FLRLX
Investors most often compare FLRLX with SPY, PDAHX, URTRX. 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