FCENX Fees and Costs — Franklin International Core Equity (IU) Fund, Advisor Class
Data updated: 2026-10-13
The net expense ratio is 0.00% (0.05% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $346K in broker commissions, 0.0880% of average net assets, and portfolio turnover was 66%.
FCENX Fees and Expenses
Annual operating expenses and sales charges of FCENX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.05% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FCENX Costs Over Time
On $10,000 invested in FCENX, assuming 5% a year before costs, total costs come to $56 over 5 years, cutting the return by 0.09% 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 0.00%) | $0 | $0 | $0 |
| Trading costs (broker commissions) | $9 | $29 | $51 |
| Lost growth on money paid in costs | $0 | $1 | $5 |
| Total costs | $9 | $31 | $56 |
| Value after costs | $10,491 | $11,546 | $12,707 |
| Impact on return, per year | 0.09% | 0.09% | 0.09% |
FCENX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0880%
- Total broker commissions: $346K
- Bought from dealers (principal trades, not a cost): $146.0M
- Portfolio turnover (prospectus): 66%
FCENX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $112K | 32.86% |
| UBS Securities LLC | $72K | 21.14% |
| Instinet, LLC | $51K | 14.89% |
| Goldman Sachs & Co. LLC | $39K | 11.29% |
| Morgan Stanley & Co. LLC | $23K | 6.68% |
| RBC Capital Markets, LLC | $20K | 5.84% |
| Barclays Capital, Inc. | $9K | 2.54% |
| Flow Traders U.S. Institutional Trading LLC | $6K | 1.62% |
| Old Mission Markets LLC | $6K | 1.62% |
| Jane Street Execution Services, LLC | $5K | 1.51% |
FCENX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $145.9M | 99.92% |
| Fiduciary Trust Company International | $124K | 0.08% |
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.