SCHAX Fees and Costs — Franklin Multi-Asset Growth Fund, Class A
Data updated: 2026-09-22
The net expense ratio is 1.03%. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $128K in broker commissions, 0.0144% of average net assets, and portfolio turnover was 49%.
SCHAX Fees and Expenses
Annual operating expenses and sales charges of SCHAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.03% |
| Fee waiver | — |
| Net expense ratio | 1.03% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
SCHAX Costs Over Time
On $10,000 invested in SCHAX, assuming 5% a year before costs, total costs come to $1,319 over 5 years, cutting the return by 2.27% 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 |
| Sales charges | $550 | $550 | $550 |
| Fund expenses (net expense ratio 1.03%) | $102 | $319 | $552 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $28 | $103 | $209 |
| Total costs | $681 | $976 | $1,319 |
| Value after costs | $9,819 | $10,600 | $11,444 |
| Impact on return, per year | 6.81% | 3.04% | 2.27% |
SCHAX 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): 0.0144%
- Total broker commissions: $128K
- Bought from dealers (principal trades, not a cost): $5.5M
- Portfolio turnover (prospectus): 49%
- Securities lending: none during the year
SCHAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET CAPITAL, LLC | $54K | 41.99% |
| BOFA SECURITIES, INC. | $40K | 31.03% |
| GOLDMAN SACHS & CO. LLC | $20K | 15.98% |
| TD SECURITIES (USA) LLC | $14K | 11.00% |
SCHAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $5.5M | 100.00% |
Franklin Multi-Asset 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 |
|---|---|---|---|
| LLISX | C000187875 | 0.68% | none |
| LANIX | Class I | 0.79% | none |
| SCHAX | Class A | 1.03% | 5.50% |
| LLLRX | Class R | 1.31% | none |
| SCHCX | Class C | 1.74% | 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.