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Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The highest level of long-term total return consistent with its asset allocation. The Fund employs an asset allocation strategy designed for investors who are expecting to retire and who are likely to stop making new investments in the Fund around the specific target year (target date), as indicated in the Fund s name, but who are expecting to delay withdrawals until their required minimum distribution age (which currently is approximately seven years after the target date in the Fund s name, assuming a shareholder turns 65 in the year indicated in the Fund s name). The required minimum distribution age currently is 72.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 mutual funds and Franklin Templeton and third party exchange-traded funds (ETFs) (together, the underlying funds), based on each underlying fund s predominant asset class and strategy. These underlying funds, in turn, invest in a variety of U.S. and foreign equity and fixed-income investments and strategies. Under normal market conditions, the investment manager uses a predetermined glide path as a guide in allocating the Fund s assets among underlying funds in the broad asset classes (the Neutral Glide Path). However, when the investment manager s proprietary risk indicator model signals a sustained level of market turbulence or a prolonged down (or bear) market, the investment manager may, in its sole discretion and without shareholder notification, employ a defensive glide path, which has higher fixed income and lower equity allocations than the Neutral Glide Path (the Defensive Glide Path). The investment manager s proprietary risk indicator model is designed to measure certain factors across asset classes that are expected to signal a sustained level of market turbulence or a prolonged down (or bear) market. When the model signals such a market, the investment manager evaluates the data available and makes a qualitative decision on whether the Fund s glide path should be shifted to the Defensive Glide Path. Then, if the market stabilizes, the investment manager may, in its sole discretion and without shareholder notification, shift the Fund s portfolio back to the Neutral Glide Path. These glide path shifts are executed through purchases and sales of underlying funds and ETFs to increase or decrease the Funds equity and fixed income allocations. At any time, the investment manager may express tactical views that may cause the Fund to deviate by up to 5% from the Neutral or Defensive Glide Path allocations.

Net Asset Value

as of 6:34 PM ET 11/26/2021

Performance

  • 1 Week
  • -1.50%
  • 1 Month
  • -0.72%
  • 3 Months
  • -0.51%
  • 1 Yr Return
  • +7.16%
  • 5 Yr Return
  • +28.93%

Equity Sector Breakdown

Finance 98.81%
ConsumerDurables n/a
Energy n/a
Health n/a
IndustrialCyclical n/a
NonDurables n/a
RetailTrade n/a
Services n/a
Technology n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Other 98.81%
Stocks 1.19%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
ForeignStocks 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 800.00 K

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -1.28 -1.33 n/a
Beta 0.49 0.47 n/a
R Squared 0.96 0.93 n/a
Std Deviation 9.18 7.55 n/a
Sharpe Ratio 0.98 0.95 n/a

Purchase Information

as of 6:56 PM ET 11/24/2021
Minimum Initial $0
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 10/31/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 10/31/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +17.49%
  • +12.53%
+17.49% +12.53%
3 Year
  • +9.54%
  • +7.25%
+9.54% +7.25%
10 Year
  • n/a
  • n/a
n/a n/a
Life Of Fund
  • +6.75%
  • +6.44%
+6.75% +6.44%

Top 10 Holdings

Symbol Company Name % Of Assets
SAIFX CLEARBRIDGE LARGE CAP VAL FD 6.19%
FCENX FRANKLIN INTL CORE EQUITY FD 5.36%
WACPX WESTERN ASSET CORE PLS BD INS 3.96%
FLQL FRANKLIN LIBERTYQ US EQUITY E 3.90%
FLHY FRANKLIN LIBERTY HI YLD CORP 3.53%
FLGV FRANKLIN LIBERTY US TREAS BD 3.16%
SCHP SCHWAB US TIPS ETF 3.13%
TEMFX TEMPLETON FOREIGN FD ADV 2.98%
FLCO FRANKLIN LIBERTY INV GR CORP 2.76%
FLBL FRANKLIN LIBERTY SR LOAN ETF 2.72%

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