Franklin LifeSmart 2040 Retirement Target Fund (FLSHX)

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Franklin LifeSmart 2040 Retirement Target Fund (FLSHX) is up 9.9% since the beginning of the year. FLSHX is currently trading at $18 per share. Investors who bought $1,000 worth of FLSHX shares 5 years ago would now be looking at an investment worth $1,541.

Franklin LifeSmart 2040 Retirement Target Fund (FLSHX) has returned 9.89% so far this year and 24.25% over the past 12 months. Over the last ten years, FLSHX has returned 10.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Jan 2, 2015, FLSHX's average daily return is +0.04%, while the average monthly return is +0.78%. At this rate, an investment would double in approximately 7.4 years.

Historically, 70% of months were positive and 30% were negative. The best month was Apr 2020 with a return of +9.6%, while the worst month was Mar 2020 at -11.4%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FLSHX closed higher 52% of trading days. The best single day was Dec 30, 2021 with a return of +20.3%, while the worst single day was Dec 31, 2021 at -17.1%.

Franklin LifeSmart 2040 Retirement Target Fund has an annualized alpha of 2.36%, beta of 0.58, and R2 of 0.43 versus S&P 500 Index. Calculated based on daily prices since January 05, 2015.

• This fund participated in 83.27% of S&P 500 Index downside but only 74.31% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.58 may look defensive, but with R2 of 0.43 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.43 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

FLSHX has an expense ratio of 0.25%, which is considered low.

FLSHX ranks 68 for risk / return — better than 68% 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.

The table below present risk-adjusted performance metrics for Franklin LifeSmart 2040 Retirement Target Fund (FLSHX) and compare them to S&P 500 Index.

Franklin LifeSmart 2040 Retirement Target Fund provided a 5.68% dividend yield over the last twelve months, with an annual payout of $1.02 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Franklin LifeSmart 2040 Retirement Target Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Franklin LifeSmart 2040 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 2040 Retirement Target Fund was 36.65%, occurring on Oct 14, 2022. Recovery took 676 trading sessions.

The chart below shows the rolling one-month volatility.