FTRAX Fees and Costs — Franklin LifeSmart Retirement Income Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.67% (1.36% before fee waivers). This share class carries a maximum front-end sales load of 5.50%. In fiscal 2025 the fund paid $15K in broker commissions, 0.0334% of average net assets, and portfolio turnover was 33%.
FTRAX Fees and Expenses
Annual operating expenses and sales charges of FTRAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.69% |
| Net expense ratio | 0.67% |
| 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 |
FTRAX Costs Over Time
On $10,000 invested in FTRAX, assuming 5% a year before costs, total costs come to $1,120 over 5 years, cutting the return by 1.91% 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 0.67%) | $66 | $208 | $362 |
| Trading costs (broker commissions) | $3 | $10 | $18 |
| Lost growth on money paid in costs | $27 | $97 | $190 |
| Total costs | $647 | $866 | $1,120 |
| Value after costs | $9,853 | $10,710 | $11,643 |
| Impact on return, per year | 6.47% | 2.69% | 1.91% |
FTRAX 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): 0.0334%
- Total broker commissions: $15K
- Bought from dealers (principal trades, not a cost): $31.8M
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
FTRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citadel Securities LLC | $7K | 47.94% |
| Jane Street Execution Services, LLC | $7K | 45.06% |
| Old Mission Markets LLC | $683 | 4.50% |
| Flow Traders U.S. Institutional Trading LLC | $261 | 1.72% |
| Mischler Financial Group, Inc. | $83 | 0.54% |
| Susquehanna Financial Group, LLLP | $36 | 0.23% |
FTRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $30.9M | 96.96% |
| Fiduciary Trust Company International | $969K | 3.04% |
Franklin LifeSmart Retirement Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLMTX | Class R6 | 0.37% | none |
| FLRDX | Advisor Class | 0.42% | none |
| FTRAX | Class A | 0.67% | 5.50% |
| FBRLX | Class R | 0.92% | none |
| FRTCX | Class C | 1.42% | 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.