Franklin LifeSmart 2020™ Retirement Target Fund (FLROX)
Under normal market conditions, the investment manager 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. The underlying funds may invest in all types of U.S. and foreign securities and may engage in strategies that employ derivative instruments.
Fund Info
US35472P3156
Jun 30, 2013
$100,000
Large-Cap
Blend
Expense Ratio
FLROX has an expense ratio of 0.22%, 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 2020™ Retirement Target 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 2020™ Retirement Target Fund had a return of 3.11% year-to-date (YTD) and 10.58% in the last 12 months. Over the past 10 years, Franklin LifeSmart 2020™ Retirement Target Fund had an annualized return of 3.42%, while the S&P 500 had an annualized return of 11.31%, indicating that Franklin LifeSmart 2020™ Retirement Target Fund did not perform as well as the benchmark.
FLROX
3.11%
2.11%
2.34%
10.58%
2.87%
3.42%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of FLROX, 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 | 1.80% | 3.11% | |||||||||||
| 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% | 8.25% |
| 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% | 12.72% |
| 2022 | -3.68% | -2.23% | -0.09% | -5.87% | 0.52% | -7.22% | 4.67% | -3.30% | -6.46% | 2.78% | 5.60% | -2.44% | -17.19% |
| 2021 | -0.61% | 0.39% | 1.67% | 2.65% | 0.96% | -0.16% | 1.10% | 1.53% | -3.04% | 2.97% | -1.30% | -3.09% | 2.87% |
| 2020 | 0.41% | -3.35% | -7.77% | 5.72% | 2.88% | 1.28% | 2.94% | 2.61% | -1.43% | -1.38% | 5.59% | 2.33% | 9.41% |
| 2019 | 4.17% | 1.65% | 0.83% | 1.37% | -2.70% | 3.51% | 0.34% | -0.59% | 0.74% | 0.85% | 1.34% | 1.64% | 13.78% |
| 2018 | 2.29% | -1.66% | -0.39% | 0.17% | 0.25% | -0.51% | 1.71% | 0.25% | 0.56% | -3.36% | 0.78% | -3.63% | -3.63% |
| 2017 | 1.49% | 1.93% | 0.85% | 0.90% | 0.80% | 0.34% | 1.32% | 0.44% | 1.02% | 0.95% | 0.85% | 0.40% | 11.88% |
| 2016 | -3.95% | -1.47% | 4.97% | 1.04% | 0.47% | -1.01% | 1.80% | 0.28% | 0.45% | -0.84% | -0.09% | 1.06% | 2.49% |
| 2015 | -0.00% | 3.52% | -0.41% | 1.05% | 0.78% | -2.53% | 0.62% | -4.41% | -2.74% | 4.09% | 0.18% | -1.88% | -2.03% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLROX is 72, indicating average performance compared to other mutual funds on our website. Here’s 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 2020™ Retirement Target Fund (FLROX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Franklin LifeSmart 2020™ Retirement Target Fund provided a 3.06% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.39 | $0.32 | $0.19 | $0.37 | $0.29 | $0.33 | $0.35 | $0.18 | $0.19 | $0.22 |
Dividend yield | 3.06% | 3.16% | 2.74% | 1.75% | 2.84% | 2.21% | 2.67% | 3.18% | 1.49% | 1.79% | 2.06% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 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 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.19 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.24 | $0.37 |
| 2020 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.29 |
| 2019 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.33 |
| 2018 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.15 | $0.35 |
| 2017 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.18 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.19 |
| 2015 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.13 | $0.22 |
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 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 26.54%, occurring on Oct 14, 2022. The portfolio has not yet recovered.
The current Franklin LifeSmart 2020™ Retirement Target Fund drawdown is 1.55%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.54% | Dec 28, 2021 | 202 | Oct 14, 2022 | — | — | — |
| -19.12% | Feb 20, 2020 | 22 | Mar 20, 2020 | 95 | Aug 5, 2020 | 117 |
| -15.55% | May 26, 2015 | 182 | Feb 11, 2016 | 302 | Apr 25, 2017 | 484 |
| -8.49% | Jan 29, 2018 | 229 | Dec 24, 2018 | 59 | Mar 21, 2019 | 288 |
| -4.09% | Sep 3, 2020 | 14 | Sep 23, 2020 | 35 | Nov 11, 2020 | 49 |
Volatility
Volatility Chart
The current Franklin LifeSmart 2020™ Retirement Target Fund volatility is 1.61%, 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.