FMTZX Fees and Costs — Franklin Moderate Allocation Fund, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.58%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $330K in broker commissions, 0.0198% of average net assets, and portfolio turnover was 25%.
FMTZX Fees and Expenses
Annual operating expenses and sales charges of FMTZX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.58% |
| Fee waiver | — |
| Net expense ratio | 0.58% |
| 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 |
FMTZX Costs Over Time
On $10,000 invested in FMTZX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $2 | $7 | $11 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,385 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
FMTZX 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): 0.0198%
- Total broker commissions: $330K
- Bought from dealers (principal trades, not a cost): $991.8M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
FMTZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $103K | 31.25% |
| Citadel Securities LLC | $93K | 28.13% |
| Old Mission Markets LLC | $62K | 18.69% |
| Flow Traders U.S. Institutional Trading LLC | $44K | 13.24% |
| Mischler Financial Group, Inc. | $15K | 4.61% |
| Susquehanna Financial Group, LLLP | $13K | 4.08% |
| Goldman Sachs & Co. LLC | $2 | 0.00% |
FMTZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $811.5M | 92.97% |
| Fiduciary Trust Company International | $61.4M | 7.03% |
Franklin Moderate 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 |
|---|---|---|---|
| C000126013 | Class R6 | 0.51% | none |
| FMTZX | Advisor Class | 0.58% | none |
| FMTIX | Class A | 0.82% | 5.50% |
| FTMRX | Class R | 1.07% | none |
| FTMTX | Class C | 1.57% | 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.