FAUZX Fees and Costs — Franklin Low Duration U.S. Government Securities Fund, Advisor Class
Data updated: 2026-09-25
The net expense ratio is 0.59%: a 0.50% management fee plus 0.23% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0017% of average net assets, and portfolio turnover was 15%.
FAUZX Fees and Expenses
Annual operating expenses and sales charges of FAUZX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.23% |
| Gross expense ratio | 0.74% |
| Fee waiver | −0.15% |
| Net expense ratio | 0.59% |
| 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 |
FAUZX Costs Over Time
On $10,000 invested in FAUZX, assuming 5% a year before costs, total costs come to $373 over 5 years, cutting the return by 0.62% 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 0.59%) | $62 | $194 | $338 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $204 | $373 |
| Value after costs | $10,438 | $11,372 | $12,390 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
FAUZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0017%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $335.7M
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
FAUZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $7K | 100.00% |
FAUZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $298.2M | 89.04% |
| BMO Capital Markets Corp. | $10.9M | 3.27% |
| Goldman Sachs & Co. LLC | $5.9M | 1.77% |
| Morgan Stanley & Co. LLC | $4.9M | 1.47% |
| Citigroup Global Markets Inc. | $3.7M | 1.11% |
| BNP Paribas Securities Corp. | $3.5M | 1.03% |
| BofA Securities, Inc. | $3.0M | 0.90% |
| Barclays Capital, Inc. | $1.9M | 0.57% |
| Wells Fargo Securities, LLC | $1.8M | 0.55% |
| HSBC Securities (USA) Inc. | $989K | 0.30% |
Franklin Low Duration U.S. Government Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FAURX | Class R6 | 0.56% | none |
| FAUZX | Advisor Class | 0.59% | none |
| FAUGX | Class A1 | 0.69% | 2.25% |
| FISAX | Class A | 0.84% | 2.25% |
| FCSCX | Class C | 1.24% | none |
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.