FLADX Fees and Costs — Franklin LifeSmart 2040 Retirement Target Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.70% (1.08% before fee waivers). This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $10K in broker commissions, 0.0146% of average net assets, and portfolio turnover was 24%.
FLADX Fees and Expenses
Annual operating expenses and sales charges of FLADX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.37% |
| Gross expense ratio | 1.08% |
| Fee waiver | −0.38% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
FLADX Costs Over Time
On $10,000 invested in FLADX, assuming 5% a year before costs, total costs come to $1,127 over 5 years, cutting the return by 1.92% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 0.70%) | $69 | $217 | $378 |
| Trading costs (broker commissions) | $1 | $5 | $8 |
| Lost growth on money paid in costs | $27 | $98 | $191 |
| Total costs | $648 | $870 | $1,127 |
| Value after costs | $9,852 | $10,707 | $11,636 |
| Impact on return, per year | 6.48% | 2.70% | 1.92% |
FLADX 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): 0.0146%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): $52.3M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
FLADX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $4K | 39.62% |
| Jane Street Execution Services, LLC | $2K | 24.26% |
| Old Mission Markets LLC | $2K | 16.00% |
| Flow Traders U.S. Institutional Trading LLC | $991 | 10.01% |
| Mischler Financial Group, Inc. | $629 | 6.36% |
| Susquehanna Financial Group, LLLP | $371 | 3.75% |
FLADX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $45.6M | 93.53% |
| Fiduciary Trust Company International | $3.2M | 6.47% |
Franklin LifeSmart 2040 Retirement Target Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLREX | Class R6 | 0.40% | none |
| FLSHX | Advisor Class | 0.45% | none |
| FLADX | Class A | 0.70% | 5.50% |
| FLSGX | Class R | 0.95% | none |
| FLOLX | Class C | 1.45% | 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.