- ISIN
- US35472P3156
- Issuer
- Franklin Templeton
- Inception Date
- Jun 30, 2013
- Category
- Target Retirement Date
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FLROX Performance Chart
Franklin LifeSmart 2020™ Retirement Target Fund (FLROX) is up 5.8% since the beginning of the year. FLROX is currently trading at $13 per share. Investors who bought $1,000 worth of FLROX shares 5 years ago would now be looking at an investment worth $1,305.
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Returns By Period
Franklin LifeSmart 2020™ Retirement Target Fund (FLROX) has returned 5.80% so far this year and 15.16% over the past 12 months. Over the last ten years, FLROX has returned 6.53% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Franklin LifeSmart 2020™ Retirement Target Fund
- 1D
- 0.60%
- 1M
- 1.37%
- YTD
- 5.80%
- 6M
- 5.88%
- 1Y
- 15.16%
- 3Y*
- 11.07%
- 5Y*
- 5.47%
- 10Y*
- 6.53%
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%
FLROX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, FLROX's average daily return is +0.02%, while the average monthly return is +0.48%. At this rate, an investment would double in approximately 12.1 years.
Historically, 69% of months were positive and 31% were negative. The best month was Nov 2023 with a return of +6.4%, while the worst month was Mar 2020 at -7.8%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FLROX closed higher 50% of trading days. The best single day was Dec 30, 2021 with a return of +7.5%, while the worst single day was Dec 31, 2021 at -7.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.61% | 1.36% | -3.87% | 4.25% | 2.23% | 0.27% | 5.80% | ||||||
| 2025 | 1.80% | 0.97% | -1.59% | 0.41% | 2.26% | 2.81% | 0.16% | 1.81% | 2.24% | 1.28% | 0.45% | 0.37% | 13.66% |
| 2024 | 0.26% | 1.80% | 2.08% | -3.17% | 3.19% | 1.16% | 1.75% | 1.88% | 1.51% | -2.23% | 2.28% | -2.31% | 8.24% |
| 2023 | 4.61% | -2.43% | 2.66% | 0.64% | -1.17% | 2.81% | 1.52% | -1.59% | -3.18% | -1.96% | 6.37% | 4.29% | 12.71% |
| 2022 | -3.68% | -2.23% | -0.09% | -5.87% | 0.52% | -5.16% | 4.67% | -3.30% | -6.46% | 2.78% | 5.60% | -2.44% | -15.35% |
| 2021 | -0.61% | 0.39% | 1.67% | 2.65% | 0.96% | 0.93% | 1.10% | 1.53% | -3.04% | 2.97% | -1.30% | 2.44% | 9.94% |
Benchmark Metrics
Franklin LifeSmart 2020™ Retirement Target Fund has an annualized alpha of 0.92%, beta of 0.38, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund participated in 60.89% of S&P 500 Index downside but only 47.25% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.38 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
- 0.92%
- Beta
- 0.38
- R²
- 0.56
- Upside Capture
- 47.25%
- Downside Capture
- 60.89%
Expense Ratio
FLROX has an expense ratio of 0.22%, which is considered low.
Return for Risk
Risk / Return Rank
FLROX ranks 64 for risk / return — better than 64% 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 2020™ Retirement Target Fund (FLROX) 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.
| FLROX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 2.78 | -0.10 |
| Martin ratioReturn relative to average drawdown | 11.71 | 12.44 | -0.73 |
Dividends
Dividend History
Franklin LifeSmart 2020™ Retirement Target Fund provided a 7.17% dividend yield over the last twelve months, with an annual payout of $0.96 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.78 | $0.38 | $0.32 | $0.42 | $1.27 | $0.29 | $0.32 | $0.35 | $0.18 | $0.27 | $0.32 |
Dividend yield | 7.17% | 5.98% | 3.15% | 2.74% | 3.97% | 9.70% | 2.21% | 2.66% | 3.18% | 1.49% | 2.55% | 3.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Franklin LifeSmart 2020™ Retirement Target 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.38 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.42 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.98 | $1.27 |
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 2020™ Retirement Target 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 2020™ Retirement Target Fund was 26.14%, occurring on Oct 14, 2022. Recovery took 660 trading sessions.
The current Franklin LifeSmart 2020™ Retirement Target Fund drawdown is 0.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -26.14%Oct 2022 | 9mo 17d | 2y 7mo | 3y 5moDec 2021 - Jun 2025 |
COVID crash2020 | -19.76%Mar 2020 | 1mo 3d | 4mo 14d | 5mo 17dFeb 2020 - Aug 2020 |
2016 correction2016 | -14.78%Feb 2016 | 8mo 21d | 1y 11d | 1y 9moMay 2015 - Feb 2017 |
Rate-hike selloffLate 2018 | -8.49%Dec 2018 | 10mo 29d | 2mo 27d | 1y 1moJan 2018 - Mar 2019 |
2026 pullback2026 | -5.63%Mar 2026 | 29d | 21d | 1mo 20dFeb 2026 - Apr 2026 |
Drawdown Indicators
| FLROX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.14% | -56.78% | +30.64% |
Max Drawdown (1Y)Largest decline over 1 year | -5.63% | -9.10% | +3.47% |
Max Drawdown (3Y)Largest decline over 3 years | -7.63% | -18.90% | +11.27% |
Max Drawdown (5Y)Largest decline over 5 years | -26.14% | -25.43% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -26.14% | -33.92% | +7.78% |
Current DrawdownCurrent decline from peak | -0.02% | -1.80% | +1.78% |
Average DrawdownAverage peak-to-trough decline | -5.24% | -10.71% | +5.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 2.03% | -0.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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