C000156354 Fees and Costs — Franklin Payout 2022 Fund, Advisor Class
Data updated: 2021-10-22
The net expense ratio is 0.45%: a 0.30% management fee plus 3.59% other expenses, less a 3.45% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 0%.
C000156354 Fees and Expenses
Annual operating expenses and sales charges of C000156354. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.59% |
| Gross expense ratio | 3.90% |
| Fee waiver | −3.45% |
| Net expense ratio | 0.45% |
| 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 |
C000156354 Costs Over Time
On $10,000 invested in C000156354, assuming 5% a year before costs, total costs come to $285 over 5 years, cutting the return by 0.47% 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 0.45%) | $47 | $148 | $259 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $285 |
| Value after costs | $10,453 | $11,421 | $12,478 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
C000156354 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): $778K
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000156354 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of New York Mellon Corp. | $498K | 63.93% |
| THE BANK OF NEWYORK MELON | $174K | 22.31% |
| Goldman Sachs & Co. LLC | $54K | 6.90% |
| Deutsche Bank Securities Inc. | $53K | 6.85% |
| Fiduciary Trust Company International | $3 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.