C000130383 Fees and Costs — Franklin Global Listed Infrastructure Fund, Class R
Data updated: 2019-12-27
The net expense ratio is 1.49%: a 1.00% management fee, a 0.50% 12b-1 fee plus 0.50% other expenses, less a 0.51% fee waiver. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $61K in broker commissions, 0.0969% of average net assets, and portfolio turnover was 97%.
C000130383 Fees and Expenses
Annual operating expenses and sales charges of C000130383. Prospectus, as of November 30, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.50% |
| Gross expense ratio | 2.00% |
| Fee waiver | −0.51% |
| Net expense ratio | 1.49% |
| 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 | No |
C000130383 Costs Over Time
On $10,000 invested in C000130383, assuming 5% a year before costs, total costs come to $981 over 5 years, cutting the return by 1.67% 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 1.49%) | $156 | $485 | $836 |
| Trading costs (broker commissions) | $10 | $32 | $54 |
| Lost growth on money paid in costs | $0 | $26 | $90 |
| Total costs | $167 | $542 | $981 |
| Value after costs | $10,333 | $11,034 | $11,782 |
| Impact on return, per year | 1.67% | 1.67% | 1.67% |
C000130383 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0969%
- Total broker commissions: $61K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 97%
- Securities lending: none during the year
C000130383 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SANFORD C. BERNSTEIN & CO., LLC | $17K | 37.14% |
| LIQUID NET | $5K | 10.04% |
| CREDIT SUISSE HOLDINGS (USA), INC. | $4K | 9.33% |
| CITIGROUP GLOBAL MARKETS INC | $4K | 8.34% |
| UBS SECURITIES LLC | $3K | 7.09% |
| JEFFERIES & CO INC | $3K | 6.64% |
| RBC DOMINION SECURITIES INC. (TORONTO) | $3K | 6.55% |
| MERRILL LYNCH PIERCE FENNER & SMITH INC (FORMELYBANK OF AMERICA NA) | $2K | 5.04% |
| CHINA INTL CAPITAL CORP | $2K | 5.00% |
| JP MORGAN SECURITIES LLC | $2K | 4.84% |
C000130383 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC | $886K | 35.19% |
| GOLDMAN, SACHS & CO | $588K | 23.35% |
| WELLS FARGO INVESTMENTS LLC | $442K | 17.58% |
| JP MORGAN SECURITIES LLC | $317K | 12.60% |
| RBC DOMINION SECURITIES INC. (TORONTO) | $284K | 11.28% |
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.