FLRLX — Franklin LifeSmart 2045 Retirement Target Fund
Data updated: 2026-05-27
FLRLX — Franklin LifeSmart 2045 Retirement Target Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Target Date / Glide Path Allocation · $120.48M AUM · 0.45% expense ratio · 18.4% 1-yr return. From SEC regulatory filings.
FLRLX Fund Overview
FLRLX — Franklin LifeSmart 2045 Retirement Target Fund is a US mutual fund managed by Franklin Fund Allocator Series, categorised as Target Date / Glide Path Allocation. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Franklin Fund Allocator Series
- Category: Target Date / Glide Path Allocation
- Assets under management: $120.48M
- 1-year return: 18.4%
- Ticker: FLRLX
- SEC CIK: 0001022804
- SEC series ID: S000012940
- Share class ID: C000034940
FLRLX Holdings
Top 10 holdings of Franklin LifeSmart 2045 Retirement Target Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Franklin U.S. Core Equity (IU) Fund | 21.15% |
| Franklin International Core Equity (IU) Fund | 11.18% |
| Franklin U.S. Core Bond ETF | 9.50% |
| Franklin U.S. Equity Index ETF | 9.19% |
| Putnam Large Cap Value Fund | 7.73% |
| Franklin Growth Fund | 7.30% |
| Franklin Emerging Market Core Equity (IU) Fund | 5.98% |
| Franklin U.S. Large Cap Multifactor Index ETF | 5.91% |
| Franklin FTSE Japan ETF | 4.93% |
| Templeton Developing Markets Trust | 4.56% |
FLRLX Portfolio Allocation
Asset-class allocation of Franklin LifeSmart 2045 Retirement Target Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Other | 97.1% |
| Cash & Equivalents | 3.0% |
FLRLX Performance
Total returns for FLRLX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.8% |
| 1 year | 18.4% |
| 3 years (annualised) | 15.0% |
| 5 years (annualised) | 8.4% |
FLRLX Risk Information
Risk metrics for FLRLX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.4%
FLRLX Costs and Fees
FLRLX costs about $45 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.45%
- Gross expense ratio: 0.75%
- Portfolio turnover: 23%
- Brokerage commissions: 1.10 bps of average net assets (SEC N-CEN)
FLRLX Cashflows
Over the 12 months to 2026-03, Franklin LifeSmart 2045 Retirement Target Fund had net inflows of $6.60M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $239.18K |
| 2026-02 | −$83.07K |
| 2026-01 | $422.77K |
| 2025-12 | $3.68M |
| 2025-11 | −$659.63K |
| 2025-10 | −$267.60K |
FLRLX Debt Constituents
No individual debt constituents are reported in Franklin LifeSmart 2045 Retirement Target Fund's latest SEC N-PORT filing.
FLRLX Prospectus and SEC Filings
Official Franklin LifeSmart 2045 Retirement Target Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.