FRNRX Fees and Costs — Franklin Natural Resources Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 0.96%: a 0.51% management fee, a 0.25% 12b-1 fee plus 0.21% other expenses, less a 0.01% fee waiver. This share class carries a maximum front-end sales load of 5.50%. In fiscal 2026 the fund paid $197K in broker commissions, 0.0509% of average net assets, and portfolio turnover was 27%.
FRNRX Fees and Expenses
Annual operating expenses and sales charges of FRNRX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.51% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.21% |
| Gross expense ratio | 0.97% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.96% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
FRNRX Costs Over Time
On $10,000 invested in FRNRX, assuming 5% a year before costs, total costs come to $1,299 over 5 years, cutting the return by 2.23% 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 | $550 | $550 | $550 |
| Fund expenses (net expense ratio 0.96%) | $95 | $297 | $515 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $28 | $102 | $207 |
| Total costs | $678 | $965 | $1,299 |
| Value after costs | $9,822 | $10,611 | $11,463 |
| Impact on return, per year | 6.78% | 3.00% | 2.23% |
FRNRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0509%
- Total broker commissions: $197K
- Bought from dealers (principal trades, not a cost): $210.4M
- Portfolio turnover (prospectus): 27%
- Securities on loan, average value: $10.6M
- Net income from securities lending: $83K (0.021% of average net assets)
FRNRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $42K | 31.64% |
| Rosenblatt Securities Inc. | $36K | 27.15% |
| Stifel, Nicolaus & Company, Incorporated | $8K | 5.95% |
| BMO Nesbitt Burns Securities Ltd. | $7K | 5.64% |
| Instinet, LLC | $7K | 5.48% |
| State Street Global Markets, LLC | $7K | 5.35% |
| Themis Trading LLC | $7K | 5.24% |
| TD SECURITIES (USA) LLC | $7K | 5.00% |
| O'NEIL SECURITIES, INCORPORATED | $6K | 4.35% |
| Citigroup Global Markets Inc. | $6K | 4.21% |
FRNRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $202.9M | 96.42% |
| Petra Capital PTY Ltd. | $2.8M | 1.35% |
| Direct Investment India | $1.9M | 0.90% |
| ARCTIC SECURITIES LLC | $804K | 0.38% |
| BMO Nesbitt Burns Securities Ltd. | $734K | 0.35% |
| RBC Capital Markets, LLC | $510K | 0.24% |
| Morgan Stanley & Co. LLC | $425K | 0.20% |
| Fiduciary Trust Company International | $320K | 0.15% |
Franklin Natural Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FNCSX | Class R6 | 0.59% | none |
| FNRAX | Advisor Class | 0.70% | none |
| FRNRX | Class A | 0.96% | 5.50% |
| FNCRX | Class C | 1.71% | 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.