FDYZX Fees and Costs — Franklin DynaTech Fund, Advisor Class
Data updated: 2026-08-27
The net expense ratio is 0.52%: a 0.41% management fee plus 0.11% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4.4M in broker commissions, 0.0167% of average net assets, and portfolio turnover was 30%.
FDYZX Fees and Expenses
Annual operating expenses and sales charges of FDYZX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.41% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.52% |
| Fee waiver | — |
| Net expense ratio | 0.52% |
| 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 |
FDYZX Costs Over Time
On $10,000 invested in FDYZX, assuming 5% a year before costs, total costs come to $339 over 5 years, cutting the return by 0.56% 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 0.52%) | $55 | $171 | $298 |
| Trading costs (broker commissions) | $2 | $5 | $10 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $185 | $339 |
| Value after costs | $10,444 | $11,391 | $12,424 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
FDYZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0167%
- Total broker commissions: $4.4M
- Bought from dealers (principal trades, not a cost): $6.0B
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $41.4M
- Net income from securities lending: $4.2M (0.016% of average net assets)
FDYZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $386K | 15.21% |
| ROBERT W. BAIRD & CO. INCORPORATED | $284K | 11.19% |
| Sanford C. Bernstein & Co., LLC | $280K | 11.03% |
| Morgan Stanley & Co. LLC | $278K | 10.94% |
| Instinet, LLC | $272K | 10.72% |
| UBS Securities LLC | $255K | 10.05% |
| Barclays Capital, Inc. | $221K | 8.71% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $211K | 8.31% |
| Virtu Americas LLC | $181K | 7.13% |
| Jefferies LLC | $170K | 6.71% |
FDYZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.9B | 97.46% |
| Goldman Sachs & Co. LLC | $34.5M | 0.57% |
| Morgan Stanley & Co. LLC | $29.8M | 0.50% |
| BNP Paribas Securities Corp. | $22.3M | 0.37% |
| Citigroup Global Markets Inc. | $20.6M | 0.34% |
| Barclays Capital, Inc. | $16.6M | 0.28% |
| Jefferies LLC | $15.6M | 0.26% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $8.7M | 0.14% |
| Fiduciary Trust Company International | $4.8M | 0.08% |
Franklin DynaTech Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FDTRX | Class R6 | 0.44% | none |
| FDYZX | Advisor Class | 0.52% | none |
| FKDNX | Class A | 0.77% | 5.50% |
| FDNRX | Class R | 1.02% | none |
| FDYNX | Class C | 1.52% | 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.