FCEUX Fees and Costs — Franklin U.S. Core Equity (IU) Fund, Advisor Class
Data updated: 2026-10-13
The net expense ratio is 0.00% (0.01% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $446K in broker commissions, 0.0386% of average net assets, and portfolio turnover was 64%.
FCEUX Fees and Expenses
Annual operating expenses and sales charges of FCEUX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.01% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
FCEUX Costs Over Time
On $10,000 invested in FCEUX, assuming 5% a year before costs, total costs come to $25 over 5 years, cutting the return by 0.04% 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) | $4 | $13 | $22 |
| Lost growth on money paid in costs | $0 | $1 | $2 |
| Total costs | $4 | $13 | $25 |
| Value after costs | $10,496 | $11,563 | $12,738 |
| Impact on return, per year | 0.04% | 0.04% | 0.04% |
FCEUX 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): 0.0386%
- Total broker commissions: $446K
- Bought from dealers (principal trades, not a cost): $101.5M
- Portfolio turnover (prospectus): 64%
FCEUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $94K | 21.09% |
| Barclays Capital, Inc. | $86K | 19.49% |
| Morgan Stanley & Co. LLC | $67K | 15.12% |
| TD SECURITIES (USA) LLC | $55K | 12.46% |
| UBS Securities LLC | $49K | 11.09% |
| Goldman Sachs & Co. LLC | $31K | 6.91% |
| Sanford C. Bernstein & Co., LLC | $29K | 6.63% |
| Citigroup Global Markets Inc. | $27K | 6.07% |
| Liquidnet, Inc. | $3K | 0.61% |
| J.P. Morgan Securities LLC | $2K | 0.53% |
FCEUX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $101.2M | 99.63% |
| Fiduciary Trust Company International | $372K | 0.37% |
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.