C000119613 Fees and Costs — Franklin U.S. Small Cap Equity Fund, Class A2
Data updated: 2026-08-26
The net expense ratio is 1.50%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.56% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2025 the fund paid $124K in broker commissions, 0.1122% of average net assets, and portfolio turnover was 48%.
C000119613 Fees and Expenses
Annual operating expenses and sales charges of C000119613. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000119613 Costs Over Time
On $10,000 invested in C000119613, assuming 5% a year before costs, total costs come to $1,673 over 5 years, cutting the return by 2.91% 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 | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.50%) | $148 | $460 | $793 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $29 | $115 | $245 |
| Total costs | $763 | $1,185 | $1,673 |
| Value after costs | $9,737 | $10,391 | $11,090 |
| Impact on return, per year | 7.63% | 3.71% | 2.91% |
C000119613 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): 0.1122%
- Total broker commissions: $124K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 48%
- Securities lending: none during the year
C000119613 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $38K | 30.53% |
| GOLDMAN SACHS & CO. LLC | $29K | 23.68% |
| TD SECURITIES (USA) LLC | $25K | 19.82% |
| J.P. MORGAN SECURITIES LLC | $23K | 18.67% |
| INSTINET CORPORATION | $7K | 5.66% |
| BOFA SECURITIES, INC. | $1K | 1.02% |
| LIQUIDNET, INC. | $329 | 0.27% |
| DTCC ITP LLC | $217 | 0.17% |
| MORGAN STANLEY & CO. LLC | $208 | 0.17% |
Franklin U.S. Small Cap Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LMBMX | Class IS | 0.75% | none |
| LMSIX | Class I | 1.00% | none |
| LGSCX | Class FI | 1.30% | none |
| LMBAX | Class A | 1.30% | 5.50% |
| C000119613 | Class A2 | 1.50% | 5.75% |
| LMBRX | C000112926 | 1.55% | none |
| LMBCX | Class C | 2.05% | 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.