LMLRX Fees and Costs — Franklin Multi-Asset Defensive Growth Fund, Class R
Data updated: 2026-09-22
The net expense ratio is 1.18%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $26K in broker commissions, 0.0250% of average net assets, and portfolio turnover was 32%.
LMLRX Fees and Expenses
Annual operating expenses and sales charges of LMLRX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| 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 | Yes |
LMLRX Costs Over Time
On $10,000 invested in LMLRX, assuming 5% a year before costs, total costs come to $751 over 5 years, cutting the return by 1.27% 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 1.18%) | $124 | $386 | $668 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $413 | $751 |
| Value after costs | $10,373 | $11,163 | $12,012 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
LMLRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0250%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $600K
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
LMLRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $15K | 57.84% |
| BOFA Securities Inc, | $8K | 31.50% |
| GOLDMAN SACHS & CO. LLC | $2K | 8.05% |
| TD SECURITIES (USA) LLC | $678 | 2.61% |
LMLRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $600K | 100.00% |
Franklin Multi-Asset Defensive Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LMGSX | C000187873 | 0.61% | none |
| LMGIX | Class I | 0.71% | none |
| SBCPX | Class A | 1.01% | 3.75% |
| LMLRX | Class R | 1.18% | none |
| LWLAX | Class C | 1.80% | none |
| SBCLX | Class C1 | 1.84% | 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.