C000071207 Fees and Costs — Franklin International Small Cap Fund, Class A
Data updated: 2023-03-27
The net expense ratio is 1.30%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.58% other expenses, less a 0.33% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2022 the fund paid $56K in broker commissions, 0.0706% of average net assets, and portfolio turnover was 115%.
C000071207 Fees and Expenses
Annual operating expenses and sales charges of C000071207. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.33% |
| Net expense ratio | 1.30% |
| 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 |
C000071207 Costs Over Time
On $10,000 invested in C000071207, assuming 5% a year before costs, total costs come to $1,506 over 5 years, cutting the return by 2.60% 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 1.30%) | $129 | $401 | $693 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $27 | $108 | $226 |
| Total costs | $713 | $1,080 | $1,506 |
| Value after costs | $9,787 | $10,496 | $11,257 |
| Impact on return, per year | 7.13% | 3.37% | 2.60% |
C000071207 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0706%
- Total broker commissions: $56K
- Bought from dealers (principal trades, not a cost): $58.4M
- Portfolio turnover (prospectus): 115%
- Securities lending: none during the year
C000071207 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $12K | 27.71% |
| BofA Securities, Inc. | $5K | 12.86% |
| J.P. Morgan Securities LLC | $5K | 11.48% |
| Berenberg Capital Markets LLC | $5K | 10.97% |
| RBC Capital Markets, LLC | $4K | 9.06% |
| UBS Securities LLC | $3K | 7.06% |
| Daiwa Capital Markets America Inc. | $3K | 5.94% |
| Credit Agricole Securities (USA) Inc. | $2K | 5.76% |
| Barclays Capital, Inc. | $2K | 4.66% |
| Instinet, LLC | $2K | 4.49% |
C000071207 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $58.4M | 100.00% |
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.