FITZX Fees and Costs — Franklin Federal Intermediate-Term Tax-Free Income Fund, Advisor Class
Data updated: 2026-07-27
The net expense ratio is 0.46%: a 0.46% management fee plus 0.12% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 27%.
FITZX Fees and Expenses
Annual operating expenses and sales charges of FITZX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.46% |
| 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 |
FITZX Costs Over Time
On $10,000 invested in FITZX, assuming 5% a year before costs, total costs come to $291 over 5 years, cutting the return by 0.48% 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 0.46%) | $48 | $152 | $264 |
| Lost growth on money paid in costs | $0 | $7 | $27 |
| Total costs | $48 | $159 | $291 |
| Value after costs | $10,452 | $11,417 | $12,472 |
| Impact on return, per year | 0.48% | 0.48% | 0.48% |
FITZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $1.3B
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
FITZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital, Inc. | $137.0M | 14.55% |
| Wells Fargo Securities, LLC | $124.7M | 13.24% |
| RBC Capital Markets, LLC | $120.4M | 12.78% |
| Jefferies LLC | $119.5M | 12.69% |
| Goldman Sachs & Co. LLC | $90.6M | 9.62% |
| Raymond James & Associates, Inc. | $87.6M | 9.30% |
| Truist Securities, Inc. | $87.1M | 9.25% |
| BofA Securities, Inc. | $70.8M | 7.52% |
| U.S. Bancorp Investments, Inc. | $59.4M | 6.31% |
| Morgan Stanley & Co. LLC | $44.7M | 4.75% |
Franklin Federal Intermediate-Term Tax-Free Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FITQX | Class R6 | 0.40% | none |
| FITZX | Advisor Class | 0.46% | none |
| FKITX | Class A1 | 0.56% | 2.25% |
| FKQTX | Class A | 0.71% | 2.25% |
| FCITX | Class C | 1.11% | 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.