Fund Evaluator:
Franklin LifeSmart 2025 Ret TrgtAdv (FLRFX)
Follow This Fund
Best Performing in Target-Date 2025 Over the Last Year
| 14.3% | Fidelity Advisor Freedom Blend 2025 Z (FJABX) |
| 13.7% | Fidelity Advisor Sust Trgt Dt 2025 Z (FSWVX) |
| 13.0% | Fidelity Advisor Freedom 2025 Z (FIJMX) |
| 12.9% | Fidelity Advisor Freedom 2025 I (FITWX) |
| 12.6% | Fidelity Freedom Index 2025 Investor (FQIFX) |
Fund Details
Franklin LifeSmart 2025 Ret TrgtAdv Overview
Franklin LifeSmart 2025 Ret TrgtAdv (FLRFX) is an actively managed Allocation Target-Date 2025 fund. Franklin Templeton Investments launched the fund in 2006.
The investment seeks the highest level of long-term total return consistent with its asset allocation. 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 affiliated mutual funds and ETFs and third-party ETFs, based on each underlying fund’s predominant asset class and strategy.
About Franklin LifeSmart 2025 Ret TrgtAdv (FLRFX)
There are 4 members of the management team with an average tenure of 4.61 years: Thomas Nelson (2011), Brett Goldstein (2025), Laura Green (2026), Jonathan Schreiber (2025). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and Bloomberg Global Aggregate TR USD index with a weighting of 100%. Franklin LifeSmart 2025 Ret TrgtAdv has 22 securities in its portfolio. The top 10 holdings constitute 79.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Franklin LifeSmart 2025 Ret TrgtAdv is part of the Allocation global asset class and is within the Allocation fund group. Franklin LifeSmart 2025 Ret TrgtAdv has 25.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.2%. There is 18.8% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 43.8% (37.3% domestic bond, 6.4% foreign bond and 0.0% convertible bond). Franklin LifeSmart 2025 Ret TrgtAdv has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $3 million in total assets, which is below the $1 billion average for the Target-Date 2025 category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FLRFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Franklin LifeSmart 2025 Ret TrgtAdv expense ratio is average compared to funds in the Target-Date 2025 category. Franklin LifeSmart 2025 Ret TrgtAdv has an expense ratio of 0.45%, which is 22% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Franklin LifeSmart 2025 Ret TrgtAdv has a portfolio turnover rate of 20%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 22% for the Target-Date 2025 category.
Recently, in the month of July 2026, Franklin LifeSmart 2025 Ret TrgtAdv returned -0.8%, which earned it a grade of C, as the Target-Date 2025 category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Franklin LifeSmart 2025 Ret TrgtAdv has a trailing yield of 2.87%, which is above the 2.70% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Franklin LifeSmart 2025 Ret TrgtAdv Grades
Year to date, the fund has returned 5.8%, 0.2 percentage points better than the category, which translates into a grade of C. The fund has returned 13.1% over the past year (grade of A), 11.5% over the past three years (grade of A) and 5.7% per year over the past five years (grade of A) and 7.4% per year over the past 10 years (grade of C).
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FLRFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FLRFX Return (NAV) | -0.8% | 1.8% | 13.1% | 11.5% | 5.7% | 7.4% |
| FLRFX Grade | C | A | A | A | A | C |
| +/- Category | -0.0% | 0.3% | 1.2% | 1.1% | 0.8% | 0.1% |
| Target-Date 2025 Avg | -0.7% | 1.5% | 11.9% | 10.3% | 4.9% | 7.3% |
| FLRFX Tax Cost Ratio | na | na | 2.3% | 1.6% | 1.9% | 1.5% |
FLRFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FLRFX Return (NAV) | 5.8% | 15.0% | 9.7% | 13.9% | -15.8% | 11.5% | 10.5% | 17.1% | -5.2% | 15.3% | 3.2% |
| FLRFX Grade | C | A | A | B | D | A | F | F | B | C | F |
| +/- Category | 0.2% | 1.4% | 1.3% | 1.1% | -0.5% | 1.2% | -2.5% | -1.7% | 0.3% | -0.1% | -3.8% |
| Target-Date 2025 Avg | 5.6% | 13.7% | 8.3% | 12.9% | -15.3% | 10.3% | 13.0% | 18.8% | -5.5% | 15.4% | 7.0% |
| Risk Measures | |
| Standard Deviation: | 8.4% |
| Total Risk Index: | 0.69 - Below Average |
| Category Risk Index: | 1.05 - Above Average |
| Category Risk Grade: | D (63% Rank) |
| Beta: | 0.88 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 2.9% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $109 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 21% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 15.3 years | |||
| Average Tenure: 4.6 years | |||
| Managers (Year): Nelson Thomas (2011), Goldstein Brett (2025), Schreiber Jonathan (2025), Green Laura (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 22 |
| % in Top 10 Holdings: | 79.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 25.2% |
Portfolio Allocation |
|
| Domestic Stock: | 34.2% |
| Foreign Stock: | 18.8% |
| Preferred Stock: | 0.1% |
| Domestic Bond: | 37.3% |
| Foreign Bond: | 6.4% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 3.0% |
Purchase Information
| Fund Family: | Franklin Templeton Investments |
| Phone Number: | 800-342-5236 |
| Website: | www.franklintempleton.com |
| Status: | Open |
| Inception Date: | August 1, 2006 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.45% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.57% |
| Share Class: | Franklin LifeSmart 2025 Ret TrgtAdv |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
