FRTCX : Franklin LifeSmart™ Retirement Income Fund Class C

Fund Summary

The investment seeks to make monthly distributions, while preserving the investors' capital over the long term. The investment manager normally 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 ETFs. Normally, 30% of the fund's assets are allocated to equity investments and 70% of the fund's assets are allocated to fixed-income investments.