FLESX Fees and Costs — Franklin LifeSmart 2060 Retirement Target Fund, Class R
Data updated: 2026-08-27
The net expense ratio is 0.95% (3.00% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0124% of average net assets, and portfolio turnover was 20%.
FLESX Fees and Expenses
Annual operating expenses and sales charges of FLESX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.50% |
| Other expenses | 2.04% |
| Gross expense ratio | 3.00% |
| Fee waiver | −2.05% |
| Net expense ratio | 0.95% |
| 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 |
FLESX Costs Over Time
On $10,000 invested in FLESX, assuming 5% a year before costs, total costs come to $602 over 5 years, cutting the return by 1.01% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $16 | $55 |
| Total costs | $101 | $331 | $602 |
| Value after costs | $10,399 | $11,245 | $12,160 |
| Impact on return, per year | 1.01% | 1.01% | 1.01% |
FLESX 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): 0.0124%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $9.9M
- Portfolio turnover (prospectus): 20%
- Securities lending: none during the year
FLESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Old Mission Markets LLC | $427 | 34.05% |
| Citadel Securities LLC | $346 | 27.59% |
| Flow Traders U.S. Institutional Trading LLC | $193 | 15.35% |
| Jane Street Execution Services, LLC | $163 | 12.96% |
| Susquehanna Financial Group, LLLP | $72 | 5.73% |
| Mischler Financial Group, Inc. | $53 | 4.19% |
| J.P. Morgan Securities LLC | $2 | 0.12% |
FLESX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $8.5M | 93.09% |
| Fiduciary Trust Company International | $631K | 6.91% |
Franklin LifeSmart 2060 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 |
|---|---|---|---|
| FLFSX | Class R6 | 0.40% | none |
| FLJSX | Advisor Class | 0.45% | none |
| FLASX | Class A | 0.70% | 5.50% |
| FLESX | Class R | 0.95% | none |
| FLBSX | 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.