C000220396 Fees and Costs — Franklin Fixed Income Portfolio Fund
Data updated: 2022-08-23
The net expense ratio is 0.57% (54.23% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $49 in broker commissions, 0.0597% of average net assets, and portfolio turnover was 122%.
C000220396 Fees and Expenses
Annual operating expenses and sales charges of C000220396. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 53.81% |
| Gross expense ratio | 54.23% |
| Fee waiver | −53.66% |
| Net expense ratio | 0.57% |
| 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 |
C000220396 Costs Over Time
On $10,000 invested in C000220396, assuming 5% a year before costs, total costs come to $397 over 5 years, cutting the return by 0.66% 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 0.57%) | $60 | $187 | $326 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $66 | $217 | $397 |
| Value after costs | $10,434 | $11,359 | $12,366 |
| Impact on return, per year | 0.66% | 0.66% | 0.66% |
C000220396 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): 0.0597%
- Total broker commissions: $49
- Bought from dealers (principal trades, not a cost): $74K
- Portfolio turnover (prospectus): 122%
- Securities lending: none during the year
C000220396 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Jane Street Execution Services, LLC | $37 | 75.35% |
| RBC Capital Markets, LLC | $5 | 9.22% |
| Virtu Americas LLC | $4 | 9.07% |
| J.P. Morgan Securities LLC | $1 | 2.63% |
| Credit Suisse Securities (USA) LLC | $1 | 2.16% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $0 | 0.86% |
| Citigroup Global Markets Inc. | $0 | 0.53% |
| Citadel Securities LLC | $0 | 0.12% |
| Susquehanna Financial Group, LLLP | $0 | 0.06% |
C000220396 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Bank of New York Mellon Corp. | $74K | 100.00% |
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.