FLERX Fees and Costs — Franklin LifeSmart 2030 Retirement Target Fund, Class R6
Data updated: 2026-08-27
The net expense ratio is 0.40% (1.05% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $14K in broker commissions, 0.0183% of average net assets, and portfolio turnover was 24%.
FLERX Fees and Expenses
Annual operating expenses and sales charges of FLERX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.05% |
| Fee waiver | −0.65% |
| Net expense ratio | 0.40% |
| 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 |
FLERX Costs Over Time
On $10,000 invested in FLERX, assuming 5% a year before costs, total costs come to $265 over 5 years, cutting the return by 0.44% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $7 | $24 |
| Total costs | $44 | $145 | $265 |
| Value after costs | $10,456 | $11,432 | $12,498 |
| Impact on return, per year | 0.44% | 0.44% | 0.44% |
FLERX 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): 0.0183%
- Total broker commissions: $14K
- Bought from dealers (principal trades, not a cost): $58.1M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
FLERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $5K | 37.39% |
| Jane Street Execution Services, LLC | $4K | 30.51% |
| Old Mission Markets LLC | $2K | 13.88% |
| Flow Traders U.S. Institutional Trading LLC | $2K | 11.22% |
| Mischler Financial Group, Inc. | $588 | 4.15% |
| Susquehanna Financial Group, LLLP | $403 | 2.85% |
FLERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $51.9M | 94.45% |
| Fiduciary Trust Company International | $3.0M | 5.55% |
Franklin LifeSmart 2030 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 |
|---|---|---|---|
| FLERX | Class R6 | 0.40% | none |
| FLRZX | Advisor Class | 0.45% | none |
| FLRSX | Class A | 0.70% | 5.50% |
| FLRWX | Class R | 0.95% | none |
| FLRTX | 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.