C000168044 Fees and Costs — Franklin Focused Growth Fund, Advisor Class
Data updated: 2023-12-12
The net expense ratio is 0.85%: a 0.70% management fee plus 0.42% other expenses, less a 0.27% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 40%.
C000168044 Fees and Expenses
Annual operating expenses and sales charges of C000168044. Prospectus, as of September 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.42% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.27% |
| Net expense ratio | 0.85% |
| 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 |
C000168044 Costs Over Time
On $10,000 invested in C000168044, assuming 5% a year before costs, total costs come to $538 over 5 years, cutting the return by 0.90% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $295 | $538 |
| Value after costs | $10,410 | $11,281 | $12,224 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
C000168044 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): 0.0082%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $57.6M
- Portfolio turnover (prospectus): 40%
- Securities lending: none during the year
C000168044 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $2K | 27.20% |
| RBC Capital Markets, LLC | $747 | 11.96% |
| Stifel, Nicolaus & Company, Incorporated | $675 | 10.81% |
| Sanford C. Bernstein & Co., LLC | $643 | 10.30% |
| Cowen and Company | $478 | 7.65% |
| Wells Fargo Securities, LLC | $435 | 6.96% |
| J.P. Morgan Securities LLC | $409 | 6.55% |
| Jefferies LLC | $406 | 6.50% |
| Virtu Americas LLC | $386 | 6.19% |
| Raymond James & Associates, Inc. | $368 | 5.89% |
C000168044 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of New York Mellon Corp. | $39.6M | 68.67% |
| J.P. Morgan Securities LLC | $17.9M | 31.12% |
| Fiduciary Trust Company International | $120K | 0.21% |
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.