# Franklin LifeSmart 2040 Retirement Target Fund

Franklin LifeSmart 2040 Retirement Target Fund is a registered fund series of Franklin Fund Allocator Series (series S000041339). Net assets $74.8M as of 2026-03-31.

## Profile

- Series ID: S000041339
- Registrant: Franklin Fund Allocator Series
- LEI: 549300TGLGMFFQ6OWJ29
- Net assets: $74.8M
- Total assets: $74.9M
- As of: 2026-03-31
- Type: Fund of funds

## Advisers

- [Franklin Advisers, Inc. (Advisor)](https://search.stillhousedata.com/firm/104517)

## Top holdings (20 reported)

_Showing 15 of 20 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [Franklin U.S. Core Equity (IU) Fund](https://search.stillhousedata.com/security/35473A614) | — | $14.3M | 1909.46% |
| [Franklin International Core Equity (IU) Fund](https://search.stillhousedata.com/security/35473A580) | — | $7.5M | 1009.21% |
| [Franklin U.S. Core Bond ETF](https://search.stillhousedata.com/security/35473P553) | — | $6.7M | 899.94% |
| [Franklin U.S. Equity Index ETF](https://search.stillhousedata.com/security/35473P405) | — | $6.2M | 828.76% |
| [Putnam Large Cap Value Fund](https://search.stillhousedata.com/security/746745801) | — | $5.2M | 697.82% |
| [Franklin Growth Fund](https://search.stillhousedata.com/security/353496649) | — | $4.9M | 658.72% |
| [Franklin Emerging Market Core Equity (IU) Fund](https://search.stillhousedata.com/security/35473A598) | — | $4.0M | 539.97% |
| [Franklin U.S. Large Cap Multifactor Index ETF](https://search.stillhousedata.com/security/35473P801) | — | $4.0M | 533.60% |
| [Franklin FTSE Japan ETF](https://search.stillhousedata.com/security/35473P744) | — | $3.3M | 445.00% |
| [Franklin Investment Grade Corporate ETF](https://search.stillhousedata.com/security/35473P603) | — | $3.1M | 420.58% |
| [Templeton Developing Markets Trust](https://search.stillhousedata.com/security/88018W609) | — | $3.1M | 412.01% |
| [Franklin U.S. Treasury Bond ETF](https://search.stillhousedata.com/security/35473P488) | — | $2.9M | 391.63% |
| [Putnam Large Cap Growth Fund](https://search.stillhousedata.com/security/74680A208) | — | $2.8M | 380.35% |
| [Franklin Institutional U.S. Government Money Market Fund](https://search.stillhousedata.com/security/457756500) | — | $1.8M | 238.15% |
| [Templeton Foreign Fund](https://search.stillhousedata.com/security/880196878) | — | $1.3M | 176.37% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $74.8M |
| 2025-12-31 | $74.9M |
| 2025-09-30 | $72.6M |
| 2025-06-30 | $68.7M |
| 2025-03-31 | $62.7M |
| 2024-12-31 | $62.2M |
| 2024-09-30 | $61.6M |
| 2024-06-30 | $58.8M |

## More

- [Registrant: Franklin Fund Allocator Series](https://search.stillhousedata.com/registrant/1022804)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000041339.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

---

Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.