FLDCX Fees and Costs — Franklin Low Duration Total Return Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.10%: a 0.52% management fee, a 0.65% 12b-1 fee plus 0.18% other expenses, less a 0.26% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $48K in broker commissions, 0.0024% of average net assets, and portfolio turnover was 70%.
FLDCX Fees and Expenses
Annual operating expenses and sales charges of FLDCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.52% |
| 12b-1 fee | 0.65% |
| Other expenses | 0.18% |
| Gross expense ratio | 1.36% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
FLDCX Costs Over Time
On $10,000 invested in FLDCX, assuming 5% a year before costs, total costs come to $688 over 5 years, cutting the return by 1.16% 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 | $104 | $0 | $0 |
| Fund expenses (net expense ratio 1.10%) | $116 | $360 | $624 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $220 | $379 | $688 |
| Value after costs | $10,280 | $11,198 | $12,075 |
| Impact on return, per year | 2.20% | 1.16% | 1.16% |
FLDCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0024%
- Total broker commissions: $48K
- Bought from dealers (principal trades, not a cost): $10.5B
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $574K
- Net income from securities lending: $27K (0.001% of average net assets)
FLDCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $48K | 100.00% |
FLDCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.9B | 58.59% |
| BNP Paribas Securities Corp. | $1.6B | 16.25% |
| HSBC Securities (USA) Inc. | $1.2B | 11.54% |
| Deutsche Bank Securities Inc. | $446.9M | 4.46% |
| Morgan Stanley & Co. LLC | $300.0M | 2.99% |
| Goldman Sachs & Co. LLC | $224.6M | 2.24% |
| BofA Securities, Inc. | $118.2M | 1.18% |
| Citigroup Global Markets Inc. | $116.5M | 1.16% |
| Barclays Capital, Inc. | $94.6M | 0.94% |
| TD SECURITIES (USA) LLC | $63.7M | 0.64% |
Franklin Low Duration Total Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FLRRX | Class R6 | 0.31% | none |
| FLDZX | Advisor Class | 0.45% | none |
| FLDAX | Class A | 0.70% | 2.25% |
| FLPRX | Class R | 0.95% | none |
| FLDCX | Class C | 1.10% | 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.