C000214931 Fees and Costs — Franklin Municipal Green Bond Fund, Class A
Data updated: 2022-05-09
The net expense ratio is 0.71%: a 0.63% management fee, a 0.25% 12b-1 fee plus 2.98% other expenses, less a 3.15% fee waiver. This share class carries a maximum front-end sales load of 3.75%. Portfolio turnover was 8%.
C000214931 Fees and Expenses
Annual operating expenses and sales charges of C000214931. Prospectus, as of June 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.63% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.98% |
| Gross expense ratio | 3.86% |
| Fee waiver | −3.15% |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 | No |
C000214931 Costs Over Time
On $10,000 invested in C000214931, assuming 5% a year before costs, total costs come to $909 over 5 years, cutting the return by 1.54% 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 | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.71%) | $72 | $225 | $391 |
| Lost growth on money paid in costs | $19 | $70 | $143 |
| Total costs | $466 | $670 | $909 |
| Value after costs | $10,034 | $10,906 | $11,854 |
| Impact on return, per year | 4.66% | 2.07% | 1.54% |
C000214931 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2022.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 8%
- Securities lending: none during the year
C000214931 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Morgan Stanley & Co. LLC | $417K | 17.54% |
| J.P. Morgan Securities LLC | $400K | 16.85% |
| Siebert Williams Shank & Co., LLC | $291K | 12.25% |
| Citigroup Global Markets Inc. | $272K | 11.45% |
| Goldman Sachs & Co. LLC | $228K | 9.61% |
| Wells Fargo Securities, LLC | $224K | 9.45% |
| Stifel, Nicolaus & Company, Incorporated | $188K | 7.93% |
| Advisors Asset Management, Inc. | $128K | 5.40% |
| Piper Sandler & Co. | $115K | 4.86% |
| TD Securities (USA) LLC | $111K | 4.67% |
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.