FFAAX Fees and Costs — Franklin Global Allocation Fund, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.75% (0.77% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $492K in broker commissions, 0.0178% of average net assets, and portfolio turnover was 33%.
FFAAX Fees and Expenses
Annual operating expenses and sales charges of FFAAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.58% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FFAAX Costs Over Time
On $10,000 invested in FFAAX, assuming 5% a year before costs, total costs come to $482 over 5 years, cutting the return by 0.81% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $482 |
| Value after costs | $10,419 | $11,312 | $12,280 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
FFAAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0178%
- Total broker commissions: $492K
- Bought from dealers (principal trades, not a cost): $1.8B
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
FFAAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $157K | 31.89% |
| Morgan Stanley & Co. LLC | $65K | 13.30% |
| Barclays Capital, Inc. | $64K | 13.08% |
| UBS Securities LLC | $59K | 12.07% |
| Sanford C. Bernstein & Co., LLC | $45K | 9.19% |
| Citigroup Global Markets Inc. | $44K | 8.87% |
| Goldman Sachs & Co. LLC | $42K | 8.56% |
| Susquehanna Financial Group, LLLP | $6K | 1.31% |
| BTIG, LLC | $6K | 1.23% |
| Liquidnet, Inc. | $2K | 0.49% |
FFAAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.2B | 74.18% |
| Goldman Sachs & Co. LLC | $119.6M | 7.30% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $75.8M | 4.62% |
| Morgan Stanley & Co. LLC | $60.2M | 3.67% |
| BofA Securities, Inc. | $48.1M | 2.94% |
| Deutsche Bank Securities Inc. | $44.4M | 2.71% |
| Bank of Montreal | $34.5M | 2.10% |
| Nomura Securities International, Inc. | $25.6M | 1.56% |
| HSBC Securities (USA) Inc. | $15.1M | 0.92% |
Franklin Global Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FFAQX | Class R6 | 0.69% | none |
| FFAAX | Advisor Class | 0.75% | none |
| FFALX | Class A | 1.00% | 5.50% |
| FFARX | Class R | 1.25% | none |
| FFACX | Class C | 1.75% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.