FRETX Fees and Costs — Franklin Equity Income Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.55%: a 0.46% management fee, a 1.00% 12b-1 fee plus 0.09% other expenses, less a 0.01% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $486K in broker commissions, 0.0114% of average net assets, and portfolio turnover was 33%.
FRETX Fees and Expenses
Annual operating expenses and sales charges of FRETX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.09% |
| Gross expense ratio | 1.56% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.55% |
| 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 |
FRETX Costs Over Time
On $10,000 invested in FRETX, assuming 5% a year before costs, total costs come to $966 over 5 years, cutting the return by 1.64% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.55%) | $163 | $505 | $870 |
| Trading costs (broker commissions) | $1 | $4 | $6 |
| Lost growth on money paid in costs | $0 | $25 | $89 |
| Total costs | $267 | $534 | $966 |
| Value after costs | $10,233 | $11,042 | $11,797 |
| Impact on return, per year | 2.67% | 1.64% | 1.64% |
FRETX 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): 0.0114%
- Total broker commissions: $486K
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
FRETX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Rosenblatt Securities Inc. | $60K | 19.93% |
| Raymond James & Associates, Inc. | $37K | 12.41% |
| Citigroup Global Markets Inc. | $33K | 11.15% |
| RBC Capital Markets, LLC | $28K | 9.50% |
| Piper Sandler & Co. | $27K | 9.11% |
| State Street Global Markets, LLC | $25K | 8.41% |
| Jefferies LLC | $22K | 7.50% |
| ROBERT W. BAIRD & CO. INCORPORATED | $22K | 7.47% |
| Allen & Company LLC | $22K | 7.33% |
| UBS Securities LLC | $22K | 7.20% |
FRETX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.9B | 74.17% |
| Citigroup Global Markets Inc. | $97.7M | 3.87% |
| RBC Capital Markets, LLC | $94.6M | 3.75% |
| TD SECURITIES (USA) LLC | $86.5M | 3.43% |
| BofA Securities, Inc. | $75.2M | 2.98% |
| Wells Fargo Securities, LLC | $72.6M | 2.88% |
| Barclays Capital, Inc. | $68.6M | 2.72% |
| Goldman Sachs & Co. LLC | $63.9M | 2.53% |
| Mizuho Securities USA LLC | $48.2M | 1.91% |
| Jefferies LLC | $44.9M | 1.78% |
Franklin Equity 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 |
|---|---|---|---|
| FEIQX | Class R6 | 0.50% | none |
| FEIFX | Advisor Class | 0.55% | none |
| FISEX | Class A | 0.80% | 5.50% |
| FREIX | Class R | 1.05% | none |
| FRETX | Class C | 1.55% | 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.