FCERX Fees and Costs — Franklin Select U.S. Equity Fund, Class R
Data updated: 2020-03-31
The net expense ratio is 1.52% (1.79% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $5K in broker commissions, 0.0047% of average net assets, and portfolio turnover was 5%.
FCERX Fees and Expenses
Annual operating expenses and sales charges of FCERX. Prospectus, as of August 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.95% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.32% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.27% |
| Net expense ratio | 1.52% |
| 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 |
FCERX Costs Over Time
On $10,000 invested in FCERX, assuming 5% a year before costs, total costs come to $944 over 5 years, cutting the return by 1.60% 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 1.52%) | $160 | $495 | $854 |
| Trading costs (broker commissions) | $0 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $521 | $944 |
| Value after costs | $10,340 | $11,055 | $11,819 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
FCERX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.0047%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $85K
- Portfolio turnover (prospectus): 5%
- Securities lending: none during the year
FCERX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| U.S. BANCORP PIPER JAFFRAY INC. | $1K | 30.15% |
| JMP SECURITIES LLC | $938 | 19.45% |
| SANFORD C. BERNSTEIN & CO., LLC | $508 | 10.54% |
| WELLS FARGO INVESTMENTS LLC | $506 | 10.49% |
| JEFFERIES & CO INC | $365 | 7.57% |
| MORGAN STANLEY & CO INC | $364 | 7.55% |
| COWEN AND CO LLC | $273 | 5.66% |
| ROSENBLATT SECS INC | $269 | 5.58% |
| CITIGROUP GLOBAL MARKETS INC | $106 | 2.20% |
| JP MORGAN SECURITIES LLC | $39 | 0.81% |
FCERX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN SECURITIES LLC | $85K | 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.