C000085067 Fees and Costs — Franklin Strategic Real Return Fund, Class I
Data updated: 2024-05-23
The net expense ratio is 1.10% (1.20% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $18K in broker commissions, 0.0183% of average net assets, and portfolio turnover was 15%.
C000085067 Fees and Expenses
Annual operating expenses and sales charges of C000085067. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.10% |
| 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 |
C000085067 Costs Over Time
On $10,000 invested in C000085067, assuming 5% a year before costs, total costs come to $698 over 5 years, cutting the return by 1.17% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $2 | $6 | $10 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $384 | $698 |
| Value after costs | $10,383 | $11,192 | $12,065 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
C000085067 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0183%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $13.8M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
C000085067 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $9K | 47.76% |
| MORGAN STANLEY & CO. LLC | $5K | 26.52% |
| J.P. MORGAN SECURITIES LLC | $2K | 10.70% |
| SANFORD C. BERNSTEIN & CO., LLC | $1K | 5.73% |
| INSTINET, LLC | $430 | 2.38% |
| Cowen and Company, LLC | $383 | 2.12% |
| BOFA SECURITIES, INC. | $378 | 2.09% |
| JEFFERIES LLC | $183 | 1.01% |
| LIQUIDNET, INC. | $163 | 0.90% |
| CITIGROUP GLOBAL MARKETS INC. | $145 | 0.80% |
C000085067 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $4.2M | 30.77% |
| J.P. Morgan Securities LLC | $2.7M | 19.67% |
| CitiGroup Global Markets Inc. | $2.5M | 17.93% |
| BNY MELLON CAPITAL MARKETS, LLC | $1.4M | 10.43% |
| DESJARDINS SECURITIES INTERNATIONAL INC. | $785K | 5.69% |
| MORGAN STANLEY & CO. LLC | $782K | 5.66% |
| JEFFERIES LLC | $593K | 4.30% |
| CITADEL CLEARING LLC | $547K | 3.97% |
| UBS SECURITIES LLC | $169K | 1.22% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $49K | 0.36% |
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.