C000220395 Fees and Costs — Franklin Equity Portfolio Fund
Data updated: 2022-08-23
The net expense ratio is 0.50%: a 0.25% management fee plus 12.58% other expenses, less a 12.33% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $6 in broker commissions, 0.0015% of average net assets, and portfolio turnover was 82%.
C000220395 Fees and Expenses
Annual operating expenses and sales charges of C000220395. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 12.58% |
| Gross expense ratio | 12.83% |
| Fee waiver | −12.33% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000220395 Costs Over Time
On $10,000 invested in C000220395, assuming 5% a year before costs, total costs come to $317 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $173 | $317 |
| Value after costs | $10,447 | $11,403 | $12,446 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
C000220395 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $6
- Bought from dealers (principal trades, not a cost): $554K
- Portfolio turnover (prospectus): 82%
- Securities lending: none during the year
C000220395 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $5 | 76.02% |
| RBC Capital Markets, LLC | $1 | 16.77% |
| Virtu Americas LLC | $0 | 7.21% |
C000220395 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $283K | 51.17% |
| Bank of New York Mellon Corp. | $238K | 43.00% |
| Fiduciary Trust Company International | $32K | 5.84% |
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.