FKIQX Fees and Costs — Franklin Income Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 0.71%: a 0.38% management fee, a 0.25% 12b-1 fee plus 0.07% other expenses. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2025 the fund paid $14.2M in broker commissions, 0.0193% of average net assets, and portfolio turnover was 62%.
FKIQX Fees and Expenses
Annual operating expenses and sales charges of FKIQX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.38% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.71% |
| Fee waiver | — |
| Net expense ratio | 0.71% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 |
FKIQX Costs Over Time
On $10,000 invested in FKIQX, assuming 5% a year before costs, total costs come to $920 over 5 years, cutting the return by 1.56% 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 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.71%) | $72 | $225 | $390 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $19 | $71 | $144 |
| Total costs | $467 | $676 | $920 |
| Value after costs | $10,033 | $10,900 | $11,843 |
| Impact on return, per year | 4.67% | 2.09% | 1.56% |
FKIQX 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): 0.0193%
- Total broker commissions: $14.2M
- Bought from dealers (principal trades, not a cost): $112.5B
- Portfolio turnover (prospectus): 62%
- Securities on loan, average value: $69.5M
- Net income from securities lending: $987K (0.001% of average net assets)
FKIQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Global Markets Inc. | $2.6M | 23.23% |
| Morgan Stanley & Co. LLC | $1.7M | 15.28% |
| The Depository Trust Company | $1.4M | 12.46% |
| Nomura Securities International, Inc. | $1.1M | 9.99% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $1.1M | 9.88% |
| Rosenblatt Securities Inc. | $781K | 7.00% |
| Wells Fargo Securities, LLC | $748K | 6.70% |
| RBC Capital Markets, LLC | $602K | 5.39% |
| Jane Street Execution Services, LLC | $577K | 5.18% |
| Barclays Capital, Inc. | $545K | 4.89% |
FKIQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $35.2B | 38.11% |
| BofA Securities, Inc. | $12.6B | 13.69% |
| Barclays Capital, Inc. | $10.8B | 11.69% |
| Citigroup Global Markets Inc. | $7.6B | 8.26% |
| Bank of Montreal | $5.8B | 6.26% |
| Goldman Sachs & Co. LLC | $5.7B | 6.13% |
| Nomura Securities International, Inc. | $4.3B | 4.61% |
| BNP Paribas Securities Corp. | $4.1B | 4.39% |
| Wells Fargo Securities, LLC | $3.4B | 3.65% |
| Citadel Securities LLC | $3.0B | 3.21% |
Franklin 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 |
|---|---|---|---|
| FNCFX | Class R6 | 0.42% | none |
| FRIAX | Advisor Class | 0.46% | none |
| FKINX | Class A1 | 0.61% | 3.75% |
| FKIQX | Class A | 0.71% | 3.75% |
| FISRX | Class R | 0.96% | none |
| FCISX | 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.