C000156351 Fees and Costs — Franklin Payout 2021 Fund, Advisor Class
Data updated: 2021-10-22
The net expense ratio is 0.47% (3.53% before fee waivers). There are no sales loads or redemption fees. Portfolio turnover was 5%.
C000156351 Fees and Expenses
Annual operating expenses and sales charges of C000156351. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.20% |
| Gross expense ratio | 3.53% |
| Fee waiver | −3.06% |
| Net expense ratio | 0.47% |
| 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 |
C000156351 Costs Over Time
On $10,000 invested in C000156351, assuming 5% a year before costs, total costs come to $297 over 5 years, cutting the return by 0.49% 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 0.47%) | $49 | $155 | $270 |
| Lost growth on money paid in costs | $0 | $8 | $27 |
| Total costs | $49 | $162 | $297 |
| Value after costs | $10,451 | $11,414 | $12,466 |
| Impact on return, per year | 0.49% | 0.49% | 0.49% |
C000156351 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $797K
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
C000156351 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of New York Mellon Corp. | $523K | 65.55% |
| THE BANK OF NEWYORK MELON | $172K | 21.59% |
| MarketAxess Corporation | $102K | 12.85% |
| Fiduciary Trust Company International | $10 | 0.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.